LBO vs. SPRE ETF Comparison

Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to SP Funds S&P Global REIT Sharia ETF (SPRE)

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

$29.14

Average Daily Volume

207

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRE

SP Funds S&P Global REIT Sharia ETF

SPRE Description

Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is a Shariah-Compliant exchange traded fund launched and managed by Toroso Investments, LLC. It is co-managed by Shariaportfolio, Inc. It invests in public equity markets of global region. The fund invests in stocks of companies operating across real estate, equity investment trusts (reits) sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S&P Global Sharia All REIT Capped Index, by using full replication technique. The fund does not invest in stocks of companies operating across gambling, alcohol and tobacco sectors. Tidal ETF Trust - SP Funds S&P Global REIT Sharia ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$19.50

Average Daily Volume

45,153

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LBO	SPRE
30 Days	-0.54%	0.98%
60 Days	0.87%	3.21%
90 Days	1.44%	-1.07%
12 Months		0.38%

0 Overlapping Holdings

	Symbol	Grade	Weight in LBO	Weight in SPRE	Overlap

LBO Overweight 10 Positions Relative to SPRE

Symbol	Grade	Weight
ARCC	A	7.88%
FSK	A	7.46%
BXSL	B	7.04%
KKR	C	6.27%
OWL	D	5.69%
HTGC	A	5.37%
APO	B	4.91%
ARES	C	4.87%
CG	C	4.77%
BX	C	4.73%

LBO Underweight 17 Positions Relative to SPRE

Symbol	Grade	Weight
PLD	C	-12.17%
EQIX	C	-12.05%
AVB	B	-10.17%
EQR	B	-4.94%
ELS	C	-4.94%
MAA	C	-4.94%
CPT	B	-4.81%
WY	F	-4.65%
CUBE	B	-4.1%
REXR	C	-4.04%
EGP	B	-3.46%
FR	C	-2.63%
TRNO	B	-2.44%
RYN	D	-1.61%
IIPR	B	-1.28%
PCH	F	-1.26%
ALEX	B	-0.51%

LBO: Top Represented Industries & Keywords

Industries: Asset Management Specialty Finance

SPRE: Top Represented Industries & Keywords

Industries: REIT - Industrial REIT - Residential REIT - Diversified Lumber & Wood Production