LBO vs. IPO ETF Comparison

Comparison of WHITEWOLF Publicly Listed Private Equity ETF (LBO) to Renaissance IPO ETF (IPO)
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

$34.05

Average Daily Volume

1,350

Number of Holdings *

35

* may have additional holdings in another (foreign) market
IPO

Renaissance IPO ETF

IPO Description The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.72

Average Daily Volume

28,664

Number of Holdings *

17

* may have additional holdings in another (foreign) market
Performance
Period LBO IPO
30 Days 1.60% 0.56%
60 Days 8.87% 4.03%
90 Days 17.02% 9.86%
12 Months 35.97%
1 Overlapping Holdings
Symbol Grade Weight in LBO Weight in IPO Overlap
TPG A 6.64% 3.62% 3.62%
LBO Overweight 34 Positions Relative to IPO
Symbol Grade Weight
KKR B 8.25%
ARCC A 6.95%
FSK A 6.75%
OWL A 6.37%
BX A 6.26%
APO B 6.11%
BXSL A 6.1%
ARES A 5.23%
CG B 5.12%
HTGC D 4.76%
HLNE B 3.14%
GBDC B 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 B 1.21%
PFLT D 1.14%
CODI B 1.09%
TCPC C 1.07%
CGBD C 0.82%
CION D 0.74%
TSLX C 0.44%
GCMG A 0.22%
SCM A 0.2%
PNNT B 0.2%
FDUS A 0.16%
GAIN B 0.14%
SAR A 0.14%
PX A 0.14%
TPVG C 0.14%
LBO Underweight 16 Positions Relative to IPO
Symbol Grade Weight
NU C -9.95%
KVUE A -9.28%
ARM F -8.6%
RIVN F -6.46%
CRBG B -5.74%
GTLB B -4.71%
HCP B -3.13%
GFS C -2.72%
RDDT A -2.19%
RBRK A -1.62%
BRZE C -1.56%
INFA C -1.34%
BIRK D -1.15%
FLNC C -0.8%
BLCO C -0.52%
ZK C -0.4%
Compare ETFs