LBO vs. MVFD ETF Comparison

Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

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

MVFD

Monarch Volume Factor Dividend Tree Index ETF

MVFD Description

MVFD focuses on equities demonstrating strong cash flow and dividend potential, shifting towards fixed income ETFs linked to US Treasurys in unfavorable cash flow scenarios. The fund seeks to mirror the performance of its target index, comprised of 40 equally weighted stocks selected for their financial health and income-producing ability, alongside up to 5 fixed income ETFs. Driving its selection process is the proprietary Volume Factor methodology, which examines stocks by analyzing the dynamics between market volume and price. This analysis is facilitated by a distinctive volume-price confirmation indicator. Evaluating a broad pool of 3,000 U.S. stocks, the methodology generates a composite score to rank and ensure that only the top-performing equities under positive financial conditions are chosen. MVFDs strategy aims for adaptability, modifying its equity-to-fixed income ratio based on prevailing financial trends. Furthermore, the index undergoes quarterly reconstitution to realign with market changes, optimizing the funds portfolio composition accordingly.

Grade (RS Rating)

Last Trade

$27.79

Average Daily Volume

6,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LBO	MVFD
30 Days	5.92%	5.79%
60 Days	12.07%	6.41%
90 Days	18.64%	8.33%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in LBO	Weight in MVFD	Overlap
	HLNE	B	3.08%	3.3%	3.08%

LBO Overweight 35 Positions Relative to MVFD

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%
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%
SAR	A	0.15%
PX	A	0.15%
GAIN	C	0.14%
TPVG	C	0.14%

LBO Underweight 38 Positions Relative to MVFD

Symbol	Grade	Weight
MO	A	-3.74%
FOX	A	-3.57%
TGNA	B	-3.47%
FOXA	B	-3.36%
BKH	A	-3.08%
VOYA	B	-3.0%
JHG	A	-2.92%
MATX	C	-2.88%
ADTN	A	-2.85%
ABM	B	-2.85%
QCOM	F	-2.71%
MLI	C	-2.7%
NYT	C	-2.62%
SR	A	-2.59%
EXPD	D	-2.47%
PM	B	-2.36%
LPX	B	-2.35%
RHI	B	-2.35%
WKC	D	-2.35%
MEI	D	-2.33%
SEM	B	-2.31%
AFL	B	-2.27%
CCK	C	-2.23%
GILD	C	-2.18%
CHRD	D	-2.17%
NTAP	C	-2.14%
CL	D	-2.13%
SSNC	B	-2.12%
AMKR	D	-2.08%
CME	A	-2.07%
WD	D	-2.05%
NRG	B	-2.04%
ALLY	C	-2.04%
TTC	D	-1.93%
EXPI	C	-1.9%
KBH	D	-1.87%
ADM	D	-1.86%
BCO	D	-1.7%

LBO: Top Represented Industries & Keywords

Industries: Asset Management Conglomerates Credit Services Specialty Finance