Trenchless Fund ETF (RVER)

Assets	$128.96M
Expense Ratio	0.66%
PE Ratio	26.80
Shares Out	4.11M
Dividend (ttm)	$0.53
Dividend Yield	1.70%
Ex-Dividend Date	Dec 17, 2025
Payout Frequency	n/a
Payout Ratio	45.03%

Volume	931
Open	31.11
Previous Close	31.36
Day's Range	30.91 - 31.12
52-Week Low	26.34
52-Week High	34.18
Beta	1.37
Holdings	20
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

70.15% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	11.19%
Hewlett Packard Enterprise Company	HPE	10.53%
Broadcom Inc.	AVGO	7.67%
EQT Corporation	EQT	7.57%
Meta Platforms, Inc.	META	7.19%
Palo Alto Networks, Inc.	PANW	5.74%
ImmunityBio, Inc.	IBRX	5.51%
CleanSpark, Inc.	CLSK	5.11%
Microsoft Corporation	MSFT	4.97%
Uber Technologies, Inc.	UBER	4.69%

Dividend History

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

Performance

RVER had a total return of 12.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.84%.