Trenchless Fund ETF (RVER)

Assets	$104.03M
Expense Ratio	0.66%
PE Ratio	23.95
Shares Out	3.37M
Dividend (ttm)	$0.53
Dividend Yield	1.84%
Ex-Dividend Date	Dec 17, 2025
Payout Frequency	n/a
Payout Ratio	44.02%

Volume	258
Open	28.76
Previous Close	28.66
Day's Range	28.76 - 28.96
52-Week Low	23.05
52-Week High	34.18
Beta	n/a
Holdings	22
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

68.75% of assets

Name	Symbol	Weight
Meta Platforms, Inc.	META	12.75%
Amazon.com, Inc.	AMZN	9.46%
Rocket Companies, Inc.	RKT	8.64%
ServiceNow, Inc.	NOW	7.08%
Generac Holdings Inc.	GNRC	6.15%
United Rentals, Inc.	URI	5.90%
First American Government Obligations Fund	FGXXX	4.81%
Microsoft Corporation	MSFT	4.77%
Palo Alto Networks, Inc.	PANW	4.62%
Mobileye Global Inc.	MBLY	4.57%

Dividend History

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

Performance

RVER had a total return of -6.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.59%.