IGV vs. LBO ETF Comparison

Comparison of iShares Expanded Tech-Software Sector ETF (IGV) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)

IGV

iShares Expanded Tech-Software Sector ETF

IGV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.04

Average Daily Volume

3,799,024

Number of Holdings ^*

109

* 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

$34.41

Average Daily Volume

1,372

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IGV	LBO
30 Days	16.80%	5.92%
60 Days	18.87%	12.07%
90 Days	22.77%	18.64%
12 Months	39.74%

0 Overlapping Holdings

	Symbol	Grade	Weight in IGV	Weight in LBO	Overlap

IGV Overweight 109 Positions Relative to LBO

Symbol	Grade	Weight
CRM	B	9.42%
ORCL	B	8.34%
MSFT	F	7.19%
NOW	A	7.13%
ADBE	C	6.5%
PANW	C	4.35%
PLTR	B	4.17%
INTU	C	4.13%
SNPS	B	2.94%
CDNS	B	2.91%
CRWD	B	2.79%
ADSK	A	2.31%
APP	B	2.13%
ROP	B	2.12%
FTNT	C	2.1%
WDAY	B	2.02%
MSTR	C	2.0%
FICO	B	1.99%
DDOG	A	1.43%
TEAM	A	1.39%
EA	A	1.38%
HUBS	A	1.25%
TTWO	A	1.04%
ANSS	B	1.04%
TYL	B	0.92%
PTC	A	0.8%
ZM	B	0.76%
ZS	C	0.68%
NTNX	A	0.61%
MANH	D	0.6%
DOCU	A	0.58%
GWRE	A	0.57%
GEN	B	0.57%
DT	C	0.56%
SNAP	C	0.4%
IOT	A	0.36%
BILL	A	0.3%
S	B	0.28%
PCOR	B	0.27%
ESTC	C	0.27%
SMAR	A	0.27%
BSY	D	0.26%
CVLT	B	0.26%
GTLB	B	0.25%
CFLT	B	0.25%
DBX	B	0.23%
AZPN	A	0.23%
SPSC	C	0.23%
MARA	C	0.22%
ALTR	B	0.22%
VRNS	D	0.21%
QTWO	A	0.21%
CWAN	B	0.2%
PATH	C	0.2%
ACIW	B	0.2%
AUR	C	0.19%
APPF	B	0.19%
U	C	0.19%
QLYS	C	0.19%
HCP	B	0.18%
WK	B	0.17%
CCCS	B	0.17%
TENB	C	0.17%
BOX	B	0.17%
IDCC	A	0.16%
DLB	B	0.15%
PEGA	A	0.14%
NCNO	B	0.13%
BLKB	B	0.12%
CLSK	C	0.12%
ZETA	D	0.12%
RNG	B	0.11%
BL	B	0.11%
RIOT	C	0.11%
INTA	A	0.1%
DV	C	0.1%
TDC	D	0.1%
PRGS	A	0.1%
AI	B	0.1%
FIVN	C	0.1%
FRSH	C	0.1%
ALRM	C	0.1%
YOU	D	0.09%
VERX	B	0.09%
RPD	C	0.09%
ENV	B	0.09%
AGYS	A	0.09%
BRZE	C	0.08%
ALKT	B	0.08%
PD	C	0.07%
RAMP	C	0.07%
VYX	B	0.07%
AVPT	A	0.06%
MTTR	B	0.05%
ZUO	B	0.05%
SPT	C	0.05%
VRNT	C	0.05%
APPN	B	0.05%
PRO	C	0.04%
ASAN	C	0.04%
ATEN	B	0.04%
ADEA	D	0.04%
SWI	B	0.03%
NABL	F	0.03%
CXM	C	0.03%
JAMF	F	0.03%
SEMR	B	0.02%
MLNK	B	0.02%
ETWO	F	0.02%

IGV Underweight 36 Positions Relative to LBO

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

LBO: Top Represented Industries & Keywords

Industries: Asset Management Conglomerates Credit Services Specialty Finance