LBO vs. PPEM ETF Comparison

Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to Putnam ETF Trust Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM)

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

$29.28

Average Daily Volume

497

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

PPEM

Putnam ETF Trust Putnam PanAgora ESG Emerging Markets Equity ETF

PPEM Description

The investment seeks daily investment results, before fees and expenses, of 135% of the daily performance of the FTSE Emerging Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds (ETFs) that track the index and other financial instruments that provide daily leveraged exposure to the index. The index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.87

Average Daily Volume

3,740

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	LBO	PPEM
30 Days	4.31%	9.45%
60 Days	5.69%	5.68%
90 Days	5.10%	8.40%
12 Months		14.35%

0 Overlapping Holdings

	Symbol	Grade	Weight in LBO	Weight in PPEM	Overlap

LBO Overweight 10 Positions Relative to PPEM

	Symbol	Grade	Weight
	ARCC	B	7.75%
	BXSL	D	7.32%
	FSK	B	7.12%
	OWL	C	6.13%
	KKR	A	5.92%
	HTGC	C	5.33%
	CG	D	5.24%
	TPG	D	4.96%
	BX	B	4.82%
	ARES	A	4.77%

LBO Underweight 4 Positions Relative to PPEM

	Symbol	Grade	Weight
	IBN	B	-9.38%
	RDY	F	-4.3%
	INFY	F	-4.15%
	BABA	C	-2.15%

LBO: Top Represented Industries & Keywords

Industries: Asset Management Specialty Finance

Keywords: Private Equity Consumer Products Leveraged Buyout Venture Capital Blackstone Credit Debt Financing Direct Lending Gcm Grosvenor Healthcare Service IBD 50 Mezzanine Capital Pharmaceutical Private Equity Firms Real Estate Funds Refinancing Senior Debt Advanced Materials Advisory Services Aerospace

PPEM: Top Represented Industries & Keywords

Industries: Banks - Regional - Asia Drug Manufacturers - Specialty & Generic Information Technology Services Specialty Retail

Keywords: Banking Cloud Computing Active Pharmaceutical Ingredients Advertising Inventory Bank Banking Solutions Big Data Biotech And Pharmaceutical Business Consulting Business Loans Business Process Management Business Process Outsourcing CRM Car Loans Cash Management Cement Services Change Management Chemical Entities Commercial Banking Computing Platform