LBO vs. IGRO ETF Comparison

Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to iShares International Dividend Growth ETF (IGRO)

LBO

WHITEWOLF Publicly Listed Private Equity ETF

LBO Description

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.

Grade (RS Rating)

Last Trade

$34.41

Average Daily Volume

1,372

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IGRO

iShares International Dividend Growth ETF

IGRO Description

The investment seeks to track the investment results of the Morningstar® Global ex-US Dividend Growth IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is a dividend dollars weighted index that seeks to measure the performance of international equities selected based on a consistent history of growing dividends. It is non-diversified.

Grade (RS Rating)

Last Trade

$70.47

Average Daily Volume

79,077

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LBO	IGRO
30 Days	5.92%	-1.98%
60 Days	12.07%	-4.64%
90 Days	18.64%	-3.19%
12 Months		16.82%

1 Overlapping Holdings

	Symbol	Grade	Weight in LBO	Weight in IGRO	Overlap
	SAR	A	0.15%	0.0%	0.0%

LBO Overweight 35 Positions Relative to IGRO

Symbol	Grade	Weight
KKR	A	8.14%
ARCC	A	6.98%
FSK	A	6.85%
TPG	A	6.58%
OWL	A	6.5%
BX	A	6.36%
BXSL	A	6.16%
APO	B	6.03%
ARES	A	5.23%
CG	A	4.98%
HTGC	D	4.49%
HLNE	B	3.08%
GBDC	C	3.03%
PSEC	D	2.58%
CSWC	D	2.31%
GSBD	F	2.09%
BLK	C	1.9%
BBDC	A	1.89%
BCSF	C	1.65%
TRIN	A	1.44%
NMFC	D	1.34%
STEP	B	1.15%
PFLT	D	1.12%
TCPC	C	1.11%
CODI	B	1.07%
CGBD	D	0.82%
CION	C	0.74%
TSLX	C	0.44%
GCMG	B	0.23%
SCM	C	0.2%
PNNT	B	0.2%
FDUS	A	0.16%
PX	A	0.15%
GAIN	C	0.14%
TPVG	C	0.14%

LBO Underweight 7 Positions Relative to IGRO

Symbol	Grade	Weight
MUFG	B	-2.9%
SMFG	B	-2.06%
SONY	B	-0.52%
AGCO	D	-0.23%
WCN	A	-0.22%
MBAVU	D	-0.04%
COP	C	-0.0%

LBO: Top Represented Industries & Keywords

Industries: Asset Management Conglomerates Credit Services Specialty Finance