Trenchless Fund ETF (RVER)

Assets	$122.38M
Expense Ratio	0.66%
PE Ratio	31.70
Shares Out	4.11M
Dividend (ttm)	$0.53
Dividend Yield	1.80%
Ex-Dividend Date	Dec 17, 2025
Payout Frequency	n/a
Payout Ratio	56.05%

Volume	9,179
Open	29.71
Previous Close	29.25
Day's Range	29.15 - 29.71
52-Week Low	23.05
52-Week High	34.18
Beta	n/a
Holdings	23
Inception Date	Oct 3, 2023

About RVER

Fund Home Page

The Trenchless Fund ETF (RVER) is an exchange-traded fund that mostly invests in total market equity. The fund seeks capital appreciation through an actively managed portfolio of 12 to 30 US-listed stocks the adviser perceives to have an above-average probability of outperforming the S&P 500 Index. RVER was launched on Oct 3, 2023 and is issued by River1.

• Asset Class: Equity
• Category: Large Growth
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: RVER
• ETF Provider: River1

Top 10 Holdings

65.04% of assets

Name	Symbol	Weight
Meta Platforms, Inc.	META	9.65%
ServiceNow, Inc.	NOW	8.82%
First American Government Obligations Fund	FGXXX	8.32%
Amazon.com, Inc.	AMZN	7.04%
Palo Alto Networks, Inc.	PANW	5.62%
Microsoft Corporation	MSFT	5.48%
United Rentals, Inc.	URI	5.44%
Broadcom Inc.	AVGO	5.16%
Rocket Companies, Inc.	RKT	5.01%
SoFi Technologies, Inc.	SOFI	4.49%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.5268	Dec 18, 2025

Performance

RVER had a total return of 7.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.55%.