Summary
Trenchless Fund ETF is an ETF - a fund traded on an exchange like a stock - run by River1 Asset Management. Positions inside: 21. The ten largest make up 67% of the fund.
- Yearly costs
- 0.65%
- Fund size
- $131.6M
- Positions
- 21
- Dividend yield
- 1.61%
- Running since
- 2024
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 67% of the fund, so its result rests on a few names.
- 99% of the fund is in one country (United States).
- Costs of 0.65% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2024.
- It trades little: only about $283.0K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -12%
- 3 months
- -2.9%
- This year
- +5.7%
- 1 year
- -1.9%
- Avg. market cap
- $684.7B
- P/E
- 26.3x
- Forward P/E
- 19.0x
- P/S
- 3.8x
- P/B
- 5.2x
- P/FCF
- 29.3x
- EV/EBITDA
- 16.1x
- Dividend yield
- 0.38%
- ROIC
- 15.7%
- ROE
- 39.7%
- Gross margin
- 49.9%
- Operating margin
- 16.6%
- Net margin
- -10.3%
- Payout ratio
- 10.0%
- Net debt/EBITDA
- 1.5x
- Beta
- 1.47
Weighted average of the 19 largest companies, which make up 99% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 GNGenerac GNRC 9.0%
- 2 AVBroadcom AVGO 8.9%
- 3 NVNvidia NVDA 7.5%
- 4 BEBloom Energy Corporation BE 7.1%
- 5 VSVistra Corp. VST 6.9%
- 6 NENextEra Energy NEE 5.6%
- 7 FSFirst Solar FSLR 5.6%
- 8 NFNetflix NFLX 5.6%
- 9 IBImmunityBio IBRX 5.6%
- 10 SOSoFi SOFI 5.5%
Positions in the fund: 21. The ten largest make up 67% of it.
Composition as of Oct 19, 2026.
Where is it spread?
One countryBy country
- United States 99%
- Other countries 1.2%
By company size
- Mega cap 32%
- Large cap 63%
- Mid cap 5.6%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest country: United States (99%). Largest size group: Large cap (63%).
What does it cost me?
Expensive- A year from $10,000
- $65.00
- Over 20 years
- $3,099
From every $10,000 invested the fund takes $65.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,099.
How has it done?
Losing value- Over the last year
- -1.9%
- Deepest drop
- -26%
- Yearly volatility
- 27%
Decline over the last year: 1.9%. Deepest drop in these years: 26% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.61%
- Last payment
- $0.53
Over the last 12 months it paid $0.53 per share, which is 1.61% of today's price. The last payment was $0.53 on Dec 17, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $283.0K
- Shares a day
- 8.7K
On an average day about $283.0K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 26.3
- Average Bulios Score
- 62 out of 100
Weight by Bulios Fair Price
- Undervalued 19%
- Fairly valued 14%
- Overvalued 68%
On average the companies inside trade for 26.3 times their yearly profit. By Fair Price, 68% of the rated weight comes out as overvalued.
Counted from its largest companies (19), which make up 99% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
BU BUIL Rebuild America ETF | United States | 0.65% | $12.0M | - | - | 37% |
HE HEMI Hartford Equity Premium Income ETF | United States | 0.58% | $37.6M | - | Pays out | 32% |
MA MAFANG.BO Mirae Asset NYSE FANG+ ETF | India | 0.66% | $7.93M | +53% | Reinvests | 27% |
MA MAFANG.NS Mirae Asset NYSE FANG+ ETF | India | 0.66% | $7.91M | +53% | Reinvests | 27% |
TN TNOW.PA Amundi MSCI World Information Technology UCITS ETF EUR Acc | Luxembourg | 0.30% | $3.63B | +26% | Reinvests | 26% |
LY LYPG.DE Amundi MSCI World Information Technology UCITS ETF EUR Acc | Luxembourg | 0.30% | $3.64B | +26% | Reinvests | 26% |