Trenchless Fund ETF
$36.80−0.01 (−0.04%)
- 0.65%
- $145M
- +15.3%
- 0M sh
- $37.48
- low $26.34high $39.45
The ETF.net RVER Grade
Score 40 out of 100
- 82 of 127
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C54 out of 100Rank 58 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F16 out of 100Rank 118 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 79 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D35 out of 100Rank 103 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 86 of 127
Our read on RVER
CA stock picker's fund in an aisle stacked with thousand-name quant portfolios: RVER runs a compact, non-diversified book of US-listed stocks, chosen one by one and measured against the S&P 500. Conviction over coverage.
The Fund seeks capital appreciation. The available current prospectus evidence does not establish a sufficiently specific underlying, geography, sector, factor screen, or strategy descriptor for a supplied cohort.
Why people hold it
- Genuinely active: a compact, non-diversified portfolio of US-listed stocks chosen one at a time, so it can look nothing like the S&P 500.aaii.com
- Costs 0.65%, right at the median for active US equity funds, not the premium a high-conviction portfolio could ask for.
- Conventional plumbing: a series of the Advisor Managed Portfolios trust, advised by Sound Capital Solutions with River1 sub-advising, listed on NYSE Arca.sec.gov
Worth knowing
- Concentration cuts both ways. In a non-diversified book of a couple dozen names, one stock can move the whole fund.aaii.com
- The mandate stays broad (capital appreciation from any US-listed equity, no sector or rules screen locked in), and it launched in 2024, so the record is short.
- Trades thinly for its category, so spreads can run wider than on the household names inside it. Limit orders matter more here.
RVER Holdings
- Stocks
- 20
- 64%
- NVDA
Geography
- United States100.00%
RVER Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RVER |
|---|---|
| Year to date | +19.6% |
| 1 month | −1.1% |
| 3 months | +4.5% |
| 1 year | +15.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RVER |
|---|---|---|
| 2026 YTD | +19.6% | |
| 2025 | +5.7% | |
| 2024 | +17.7% |
RVER in the news
RVER Dividends
- $0.53 per share
- Irregular
Distribution data unavailable.
Distribution history
RVER Risk
- 21.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.47
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RVER Cost
- The middle half of US Active Equity funds
- Median 0.70%
55 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- CSOVFSovereign's Capital Flourish FundExpense ratio 0.75%1 year return +6.5%
- CBROLBaron Risk Optimized Large Cap ETFExpense ratio 0.45%1 year return —
- CUSFEFirst Eagle US Equity ETFExpense ratio 0.79%1 year return —
- DAESRAnfield U.S. Equity Sector Rotation ETFExpense ratio 0.97%1 year return +23.0%
- DFLCEThe Advisors' Inner Circle Fund II - Frontier Asset U.S. Large Cap Equity ETFExpense ratio 0.86%1 year return +17.5%