LBO vs. FXO ETF Comparison

Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to First Trust Financials AlphaDEX (FXO)

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

$34.21

Average Daily Volume

1,354

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Financials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$58.26

Average Daily Volume

54,562

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	LBO	FXO
30 Days	4.04%	7.73%
60 Days	10.46%	12.20%
90 Days	17.24%	14.01%
12 Months		49.93%

5 Overlapping Holdings

Symbol	Grade	Weight in LBO	Weight in FXO	Overlap
APO	B	6.11%	0.38%	0.38%
BX	A	6.26%	1.37%	1.37%
KKR	A	8.25%	1.75%	1.75%
OWL	A	6.37%	0.68%	0.68%
TPG	A	6.64%	1.73%	1.73%

LBO Overweight 30 Positions Relative to FXO

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

LBO Underweight 96 Positions Relative to FXO

Symbol	Grade	Weight
JHG	B	-1.82%
JEF	A	-1.81%
GS	A	-1.8%
AGO	B	-1.74%
WTM	A	-1.72%
TROW	B	-1.67%
CINF	A	-1.66%
BEN	C	-1.62%
AMG	B	-1.6%
ALL	A	-1.56%
PGR	A	-1.54%
WBS	A	-1.48%
MTG	C	-1.46%
BPOP	C	-1.45%
RNR	C	-1.43%
EG	C	-1.42%
UNM	A	-1.4%
COLB	B	-1.38%
SEIC	B	-1.36%
FNB	A	-1.35%
ACGL	C	-1.35%
OMF	A	-1.34%
HLI	A	-1.34%
EQH	C	-1.31%
LNC	C	-1.28%
OZK	B	-1.28%
MKL	A	-1.26%
RYAN	A	-1.23%
AXS	A	-1.23%
L	A	-1.21%
TW	A	-1.2%
GL	C	-1.19%
FHN	A	-1.18%
WFC	A	-1.17%
BRK.A	B	-1.17%
ALLY	C	-1.17%
ZION	B	-1.15%
MS	A	-1.15%
EWBC	A	-1.14%
CNA	C	-1.14%
WTFC	A	-1.1%
MTB	A	-1.09%
HBAN	A	-1.08%
NTRS	A	-1.07%
FCNCA	A	-1.06%
UWMC	D	-1.02%
NU	C	-1.01%
C	A	-0.99%
SOFI	B	-0.98%
STT	B	-0.97%
BRO	B	-0.96%
CRBG	B	-0.95%
SLM	A	-0.95%
MCO	B	-0.92%
HIG	B	-0.9%
CB	C	-0.9%
AFL	B	-0.89%
AMP	A	-0.69%
CMA	B	-0.68%
FHB	B	-0.68%
VIRT	A	-0.67%
BAC	A	-0.67%
PB	B	-0.66%
JPM	A	-0.66%
PNC	B	-0.65%
RF	A	-0.65%
CFG	B	-0.65%
FITB	B	-0.64%
TRV	B	-0.63%
BOKF	B	-0.63%
USB	A	-0.63%
BK	A	-0.62%
WRB	A	-0.61%
ORI	A	-0.61%
WAL	B	-0.61%
VOYA	B	-0.59%
RJF	A	-0.38%
SF	B	-0.36%
DFS	B	-0.36%
CFR	B	-0.36%
PNFP	B	-0.36%
CBSH	B	-0.35%
KEY	B	-0.33%
MORN	B	-0.31%
AIZ	A	-0.31%
AIG	B	-0.3%
PRU	A	-0.3%
AJG	A	-0.3%
RGA	A	-0.3%
AFG	A	-0.3%
PFG	D	-0.29%
STWD	C	-0.28%
FAF	A	-0.28%
FNF	B	-0.28%
XP	F	-0.27%
AGNC	C	-0.26%

LBO: Top Represented Industries & Keywords

Industries: Asset Management Conglomerates Credit Services Specialty Finance