RVER vs. NBDS ETF Comparison

Comparison of Advisor Managed Portfolios Trenchless Fund ETF (RVER) to Neuberger Berman Disrupters ETF (NBDS)

RVER

Advisor Managed Portfolios Trenchless Fund ETF

RVER Description

RVER seeks to outperform the S&P 500 Index over all time horizons through a narrow exposure to the US equity market. The fund typically invests in approximately 12 to 30 US-listed stocks of any market capitalization. The portfolio construction starts by screening companies based on valuation metrics such as free cash flow, net income, EBITDA, and revenue. Securities are then assessed using growth factors, including top and bottom-line revenue and net income growth. This analysis seeks to exclude firms with negative outliers and those the sub-adviser believes are likely to miss earnings expectations. The remaining companies are screened based on a review of the number and size of institutional holders. After these three initial screens, the sub-adviser ranks and selects from the remaining companies based on its view of positive price change potential. As an actively managed fund, the sub-adviser has full discretion to make buy, sell, and hold decisions at any time.

Grade (RS Rating)

Last Trade

$30.40

Average Daily Volume

7,723

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NBDS

Neuberger Berman Disrupters ETF

NBDS Description

Neuberger Berman Disrupters ETF is an exchange traded fund launched and managed by Neuberger Berman Investment Advisers LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across information technology, healthcare, communication services, and consumer discretionary sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. Neuberger Berman Disrupters ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$31.24

Average Daily Volume

2,825

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RVER	NBDS
30 Days	10.12%	1.81%
60 Days	13.20%	3.10%
90 Days	17.38%	4.20%
12 Months		30.82%

5 Overlapping Holdings

Symbol	Grade	Weight in RVER	Weight in NBDS	Overlap
AMZN	C	5.02%	4.67%	4.67%
DKNG	B	4.84%	4.49%	4.49%
MSFT	F	4.47%	2.91%	2.91%
NVDA	C	3.85%	12.0%	3.85%
PANW	C	3.48%	3.55%	3.48%

RVER Overweight 11 Positions Relative to NBDS

Symbol	Grade	Weight
LYFT	C	9.0%
GOOGL	C	6.26%
SNOW	C	5.29%
SNAP	C	5.18%
ULTA	F	4.69%
MRK	F	4.34%
WDAY	B	4.33%
SMCI	F	3.86%
SQ	B	3.81%
TSM	B	3.65%
PINS	D	3.48%

RVER Underweight 19 Positions Relative to NBDS

Symbol	Grade	Weight
SPOT	B	-5.68%
ISRG	A	-5.6%
TW	A	-5.22%
NOW	A	-4.31%
TTD	B	-4.05%
INTU	C	-3.99%
TDG	D	-3.73%
CEG	D	-3.64%
AMD	F	-3.17%
HEI	B	-3.17%
ONTO	D	-3.09%
ASML	F	-2.95%
RDDT	B	-2.9%
UBER	D	-2.85%
MDB	C	-2.18%
MPWR	F	-2.11%
TSLA	B	-1.95%
LLY	F	-1.93%
PCOR	B	-1.86%