RVER vs. SMLL ETF Comparison

Comparison of Advisor Managed Portfolios Trenchless Fund ETF (RVER) to Harbor ETF Trust Harbor Active Small Cap ETF (SMLL)

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

$25.79

Average Daily Volume

3,933

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMLL

Harbor ETF Trust Harbor Active Small Cap ETF

SMLL Description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Russell 2000® Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-cap companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.25

Average Daily Volume

15,176

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RVER	SMLL
30 Days	3.14%	2.95%
60 Days	11.84%
90 Days	2.11%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in RVER	Weight in SMLL	Overlap

RVER Overweight 9 Positions Relative to SMLL

Symbol	Grade	Weight
LYFT	D	14.47%
SOFI	C	7.09%
GOOGL	B	6.21%
CART	C	6.07%
SNAP	D	5.76%
NVDA	C	5.59%
SQ	D	5.38%
TSM	C	5.34%
AMD	D	5.28%

RVER Underweight 10 Positions Relative to SMLL

Symbol	Grade	Weight
SSNC	C	-5.33%
LBRT	F	-4.88%
KNSL	D	-4.56%
DOCS	A	-4.41%
HLMN	C	-4.21%
RS	D	-3.53%
RELY	F	-3.49%
PCTY	B	-3.42%
ZG	C	-3.29%
FOUR	B	-3.12%