Stock Expert AI

LBO ETF — Holdings & Analysis

The WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an actively managed fund focused on U.S. publicly listed private equity companies. With approximately $0.01 billion in assets under management, LBO seeks to invest in Leverage Finance Providers, Buyout Firms, Sponsors, and Asset Managers. A key consideration for investors is its high expense ratio of 6.71%. The fund's top holdings include Ares Capital Corp and Apollo Global Management Inc, reflecting its concentration in the financial services sector.

WHITEWOLF Publicly Listed Private Equity ETF (LBO) ETF — Price, Holdings & Analysis

The WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an actively managed fund focused on U.S. publicly listed private equity companies. With approximately $0.01 billion in assets under management, LBO seeks to invest in Leverage Finance Providers, Buyout Firms, Sponsors, and Asset Managers. A key consideration for investors is its high expense ratio of 6.71%. The fund's top holdings include Ares Capital Corp and Apollo Global Management Inc, reflecting its concentration in the financial services sector.

Descripción general del ETF

The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. It defines “listed private equity companies” as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers (collectively, “Listed Private Equity Companies”) that are listed and traded on a U.S. national securities exchange. The fund is non-diversified.
LBO is designed to provide investors with exposure to the private equity market through publicly traded companies. The fund operates by investing at least 80% of its net assets in U.S. listed private equity firms, encompassing Leverage Finance Providers, Buyout Firms, Sponsors, and Asset Managers. This concentrated approach aims to capture the performance of the private equity sector within a liquid, exchange-traded format. The ETF's top holdings reflect this strategy, with significant allocations to Ares Capital Corp (11.01%), Apollo Global Management Inc (8.20%), and Blackstone Secured Lending Fund Ordinary Shares (7.82%). The fund's sector allocation is heavily weighted towards Financial Services (97.3%), with a smaller allocation to Industrials (2.7%). LBO is non-diversified, meaning it concentrates its investments in a smaller number of companies compared to a diversified ETF. This strategy is designed for investors seeking targeted exposure to the private equity space.

Métricas de riesgo

LBO presents several risk factors that investors may want to research. The fund's non-diversified status means that its performance is closely tied to the performance of a relatively small number of holdings, increasing concentration risk. The heavy allocation to the Financial Services sector (97.3%) exposes the fund to sector-specific risks, such as changes in interest rates, regulatory policies, and economic conditions affecting financial institutions. With a beta of 0.00 (3Y), the fund has demonstrated very low volatility relative to the market, but this may not persist. The high expense ratio of 6.71% significantly reduces net returns, creating a substantial expense drag compared to other equity ETFs. Investors should carefully weigh these risks against their investment objectives and risk tolerance. Past performance does not guarantee future results.

Ratio de gastos

6.71%

Principales participaciones

Asignación sectorial

  • Financial Services: 97.3%
  • Industrials: 2.7%
  • United States: 94.3%
  • Canada: 3.2%
  • Other: 2.6%

Rentabilidad por dividendo

0.00%
  • <a href="/etf/xlf">State Street Financial Select Sector SPDR ETF (XLF)</a> — 0.08% expense ratio
  • <a href="/etf/xlk">State Street Technology Select Sector SPDR ETF (XLK)</a> — 0.08% expense ratio
  • <a href="/etf/eem">iShares MSCI Emerging Markets ETF (EEM)</a> — 0.72% expense ratio
  • <a href="/etf/spy">State Street SPDR S&P 500 ETF Trust (SPY)</a> — 0.09% expense ratio
  • <a href="/etf/rwde">Direxion MSCI Developed Over Emerging Markets ETF (RWDE)</a> — 0.53% expense ratio
  • <a href="/etf/fine">Themes European Luxury ETF (FINE)</a> — 0.35% expense ratio
  • <a href="/etf/mj">Amplify Alternative Harvest ETF (MJ)</a> — 0.75% expense ratio
  • <a href="/etf/defa">iShares Adaptive Currency Hedged MSCI EAFE ETF (DEFA)</a> — 0.35% expense ratio

Métricas de riesgo

  • Beta: 0.00

Preguntas y respuestas

What is LBO and what does it track?

The WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an actively managed fund that aims to invest in U.S. publicly listed private equity companies. It focuses on companies categorized as Leverage Finance Providers, Buyout Firms, Sponsors, and Asset Managers. The fund seeks to provide investors with exposure to the private equity market through publicly traded entities. LBO is non-diversified, concentrating its investments in a select group of companies within this niche, with top holdings including Ares Capital Corp and Apollo Global Management Inc.

What is the expense ratio for LBO?

The expense ratio for LBO is 6.71%. This is significantly higher than the average expense ratio for equity ETFs, which is around 0.44%. The high expense ratio means that investors will pay $67.10 annually for every $1,000 invested in the fund. This high cost can significantly impact the fund's overall return, especially over the long term, and should be carefully considered by potential investors.

What are the top holdings in LBO?

The top holdings in LBO, as of 2026-03-15, include Ares Capital Corp (ARCC) at 11.01%, Apollo Global Management Inc (APO) at 8.20%, and Blackstone Secured Lending Fund Ordinary Shares (BXSL) at 7.82%. Other significant holdings are Hercules Capital Inc (HTGC) at 7.14% and KKR & Co Inc Ordinary Shares (KKR) at 7.11%. These top holdings represent a substantial portion of the fund's assets, reflecting its concentrated investment strategy within the publicly listed private equity sector.

Is LBO a good long-term investment?

Whether LBO is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and understanding of the private equity market. The fund's high expense ratio of 6.71% can significantly impact long-term returns. Its concentrated holdings and focus on the financial services sector also introduce specific risks. While the fund offers exposure to a unique segment of the market, potential investors should carefully weigh these factors and consider their own investment horizon and objectives. Past performance does not guarantee future results.

How does LBO compare to similar ETFs?

LBO distinguishes itself with its specific focus on publicly listed private equity companies, a niche within the broader equity ETF landscape. Its expense ratio of 6.71% is considerably higher than many broad-based equity ETFs and even some specialized financial sector ETFs. With AUM of $0.01 billion, LBO is relatively small compared to more established ETFs. Its active management approach also differentiates it from passively managed index funds, potentially leading to different performance outcomes.

Does LBO pay dividends?

As of 2026-03-15, the WHITEWOLF Publicly Listed Private Equity ETF (LBO) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders. Investors seeking income-generating investments may need to consider other ETFs with a history of dividend payments.