RVER
Trenchless Fund ETF
The Trenchless Fund ETF aims to provide investors with exposure to companies engaged in trenchless technology, which offers innovative solutions for utility installation and repair while minimizing disruption to urban environments.
US
EQUITY
Active
MANAGEMENT STYLE
67.6 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | River1 |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 02, 2024 |
| Assets (mns) | $68 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALPHABET INC. CLASS A | 12.3 % |
| LYFT INC CLASS A | 8.2 % |
| NOVO-NORDISK A/S-SPONS ADR | 7.7 % |
| MOBILEYE N.V. | 6.8 % |
| NVIDIA CORP | 6.7 % |
| ADOBE SYSTEMS INC | 6.4 % |
| LVMH MOET HENNESSY-UNSP ADR | 6.4 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 5.5 % |
| CAROLINA TRUST BANCSHARES, INC. | 5.4 % |
| ADVANCED MICRO DEVICES | 5.4 % |
Constituent Breakdown
| Number of holdings | 18 |
| Herfindahl-Hirschman Index | 556 |
| Wgt avg mkt cap (mns) | $620,684 |
| Large cap (>$10bn) | 77.3% |
| Mid cap ($2-10bn) | 13.9% |
| Small cap (<$2bn) | 8.8% |
| Developed mkts. | 95.1% |
| Emerging mkts. | 4.9% |
Country Exposure
 |
UNITED STATES | 80.1 % |
 |
DENMARK | 7.7 % |
 |
FRANCE | 6.4 % |
 |
TAIWAN | 5.5 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.4% | -- | -- | -- | -- | -- | 19.4% | Volatility | 17.6% | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $41,046 |
Technical Indicators
| Recent close | $27.82 |
| 30d moving avg. | $30.70 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RVER |
Expenses vs. RVER |
ALTAR Score™ vs. RVER |
|---|---|---|---|---|
| AOTG | AOT Growth and Innovation ETF | 33.6% | +10 bp | +3.5% |
| IGPT | Invesco AI and Next Gen Software ETF | 27.7% | -5 bp | +4.3% |
| FMET | Fidelity Metaverse ETF | 27.4% | -26 bp | +5.3% |
| SFYF | SoFi Social 50 ETF | 26.5% | -36 bp | -2.4% |
| DARP | Grizzle Growth ETF | 25.8% | +10 bp | +4.2% |
| FBCG | Fidelity Blue Chip Growth ETF | 25.5% | -6 bp | +3.1% |
| GFGF | Guru Favorite Stocks ETF Guru Favorite Stocks Fund | 24.8% | 0 bp | +3.7% |
| FDCF | Fidelity Disruptive Communications ETF | 24.8% | -15 bp | +3.3% |
| RND | First Trust Bloomberg R&D Leaders ETF | 24.4% | -5 bp | +3.8% |
| VNSE | Natixis Vaughan Nelson Select ETF | 24.1% | +15 bp | +3.3% |
Risk and Returns: RVER vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/11/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
RVER
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
RVER
0.2%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 947 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. RVER's ALTAR Score™ is approximately
2.1 standard deviations
below
the category average. This places RVER in the 2nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RVERSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| RVER (65 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RVER | 65.0 | 0.0 | 65 |
| Peer Avg. | 66.2 | 47.4 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .