FDIV vs. LBO ETF Comparison

Comparison of MarketDesk Focused U.S. Dividend ETF (FDIV) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)

FDIV

MarketDesk Focused U.S. Dividend ETF

FDIV Description

The fund is an actively managed exchange-traded fund ("ETF") that is sub-advised by MarketDesk Indices LLC ("Sub-Adviser"). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus the amount of any borrowing for investment purposes, in a portfolio of U.S. companies that pay dividends and expect to grow the dividend over time.

Grade (RS Rating)

Last Trade

$28.21

Average Daily Volume

11,191

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$33.03

Average Daily Volume

1,273

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDIV	LBO
30 Days	-3.39%	2.62%
60 Days	-1.90%	9.80%
90 Days	0.68%	14.91%
12 Months	16.67%

0 Overlapping Holdings

	Symbol	Grade	Weight in FDIV	Weight in LBO	Overlap

FDIV Overweight 7 Positions Relative to LBO

Symbol	Grade	Weight
FIXD	D	32.1%
HYLS	A	20.36%
LMBS	D	15.16%
FSIG	C	10.11%
LGOV	D	7.28%
FEMB	F	4.87%
FPE	B	2.55%

FDIV Underweight 35 Positions Relative to LBO

Symbol	Grade	Weight
KKR	A	-8.25%
ARCC	A	-6.95%
FSK	A	-6.75%
TPG	B	-6.64%
OWL	A	-6.37%
BX	A	-6.26%
APO	A	-6.11%
BXSL	B	-6.1%
ARES	B	-5.23%
CG	B	-5.12%
HTGC	D	-4.76%
HLNE	A	-3.14%
GBDC	A	-3.07%
PSEC	F	-2.42%
CSWC	D	-2.31%
GSBD	F	-2.08%
BBDC	A	-1.83%
BCSF	A	-1.67%
TRIN	A	-1.43%
NMFC	D	-1.33%
STEP	A	-1.21%
PFLT	D	-1.14%
CODI	A	-1.09%
TCPC	C	-1.07%
CGBD	D	-0.82%
CION	D	-0.74%
TSLX	D	-0.44%
GCMG	B	-0.22%
SCM	A	-0.2%
PNNT	A	-0.2%
FDUS	A	-0.16%
GAIN	A	-0.14%
SAR	A	-0.14%
PX	A	-0.14%
TPVG	C	-0.14%

FDIV: Top Represented Industries & Keywords

Industries:

LBO: Top Represented Industries & Keywords

Industries: Asset Management Conglomerates Credit Services Specialty Finance