LBO

WHITEWOLF Publicly Listed Private Equity ETF

Broad Market / IndexBATSWHITEWOLF ETF
$26.84
$-0.72 (-2.62%)
Delayed ≥20 min · Sep 1, 2026

Key Statistics

Net Assets (AUM)
$7.52M
Expense Ratio
See prospectus
Previous Close
$27.56
Day Range
$26.84 – $27.34
52-Week Range
$22.52 – $31.78
Volume
526
Avg Vol (50D)
-
Beta
0.79

Historical Performance

1M
+6.50%
3M
+7.63%
6M
+14.02%
YTD
-4.61%
1Y
-9.85%
3Y
5Y

Total return including reinvested distributions, from adjusted closing prices.

Price History

Price history is being compiled for this fund.

Top Holdings

ARCC Ares Capital Corp 10.58%
HTGC HERCULES CAPITAL INC 8.50%
APO Apollo Global Management Inc 8.20%
KKR KKR & Co Inc 7.50%
BXSL Blackstone Secured Lending Fund 7.23%
OWL Blue Owl Capital Inc 6.80%
GBDC Golub Capital BDC Inc 5.36%
BX Blackstone Inc 4.85%
BLK Blackrock Inc 4.40%
CG Carlyle Group Inc/The 4.34%
TPG TPG Inc 3.90%
TRIN Trinity Capital Inc 3.53%
ARES Ares Management Corp 3.37%
TSLX Sixth Street Specialty Lending Inc 2.06%
HLNE Hamilton Lane Inc 1.88%
STEP StepStone Group Inc 1.68%
PSEC Prospect Capital Corp 1.63%
FGXXX First American Government Obligations Fund 1.46%
MFIC MidCap Financial Investment Corp 1.41%
BCSF Bain Capital Specialty Finance Inc 1.33%
FSK FS KKR Capital Corp 1.33%
MAIN Main Street Capital Corp 1.14%
CION CION Investment Corp 1.13%
BBDC Barings BDC Inc 1.02%
PX P10 Inc 0.99%

Top 25 holdings as of Jan 30, 2026 · source: SEC N-PORT. Full holdings & prospectus →

About LBO

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. The Fund defines “listed private equity companies” as Leverage Finance Providers (as defined below) and Buyout Firms, Sponsors, and Asset Managers (as defined below) (collectively, “Listed Private Equity Companies”) that are listed and traded on a U.S. national securities exchange. Leverage Finance Providers include Business Development Companies (BDCs), finance companies, and direct lenders. Buyout Firms, Sponsors, and Asset Managers include companies whose principal business is to invest in or lend capital to privately held companies. The strategies these Listed Private Equity Companies use when investing in, lending capital to, or providing services to privately held companies may be characterized generally as follows: buyouts or leveraged buyouts, venture capital, special situations, growth investments and private infrastructure. The Sub-Adviser excludes banks, real estate-focused companies and/or real estate investment trusts from the Fund’s investment universe.When selecting investments, White Wolf Capital Advisors, LLC, the sub-adviser to the Fund (“White Wolf” or the “Sub-Adviser”), expects to evaluate a company’s credit performance and risk level, potential changes in the company’s earnings and dividend levels, the impact of changes in interest rates on the company, and differences among various companies in leverage and balance sheet structures. The Sub-Adviser may also consider a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, and capital policies when selecting investments for the Fund. This strategy seeks to provide investors with the opportunity to gain exposure to a diversified basket of liquid assets with meaningful current income generation and long-term capital appreciation.Generally, the Sub-Adviser intends to allocate the Fund’s assets among investments in Listed Private Equity Companies as follows: 40% to 60% of the Fund’s net assets invested in Leverage Finance Providers; and the remaining 40% to 60% of the Fund’s net assets invested in Buyout Firms, Sponsors, and Asset Managers. The foregoing portfolio allocation policy may be changed based on the Sub-Adviser’s view of the markets. It is anticipated that the Fund will hold 25 to 40 Listed Private Equity Companies within the portfolio. The Fund’s investments in Listed Private Equity Companies may be classified as small-, mid- or large- capitalization investments.The Sub-Adviser’s security selection process applies a number of both qualitative and quantitative criteria to help identify the best investment opportunities from the Fund’s investment universe. With respect to qualitative selection criteria, the securities that fit the description above represent the entire universe of securities taken into consideration. The quantitative factors employed by the Sub-Adviser when selecting investments for the Fund focus on the following factors: liquidity, income, volatility, and value. When considering an investment’s liquidity, the Sub-Adviser analyzes, among other things, an investment’s market capitalization and the impact that has on its liquidity. Generally, companies with larger capitalization tend to have greater liquidity. The Fund may invest in small-, mid- and large capitalization companies as long as they satisfy the Sub-Adviser’s liquidity standards. Next, the Sub-Adviser analyzes a company’s volatility (i.e., the extent to which a company’s stock price moves up or down in relation to the overall market) seeking those companies that tend to be less volatile than the overall market. The Sub-Adviser then considers a company’s dividend yield, seeking those investments that provide the Fund with attractive current income. Lastly, the Sub-Adviser will analyze a company’s price/earnings ratio, looking for those investment opportunities that provide upside potential (i.e., those that have a low price-to-earnings ratio). The Sub-Adviser’s value-oriented approach is designed to identify investments that provide current income, low volatility, and the potential for capital appreciation.The Fund concentrates (i.e., invests more than 25% of its total assets) in securities of companies in the financial services industry or group of related industries.The Fund considers a “U.S.” company to be one (i) domiciled or with a principal place of business or primary securities trading market in the United States, or (ii) that derives more than 50% of its total revenues or profits from the United States and whose stock is listed on an exchange that trades contemporaneously with the Shares.

Data for LBO is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.