MDIV vs. LBO ETF Comparison

Comparison of Multi-Asset Diversified Income Index Fund (MDIV) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.56

Average Daily Volume

88,668

Number of Holdings ^*

103

* 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	MDIV	LBO
30 Days	-0.41%	2.62%
60 Days	0.24%	9.80%
90 Days	3.55%	14.91%
12 Months	17.78%

0 Overlapping Holdings

	Symbol	Grade	Weight in MDIV	Weight in LBO	Overlap

MDIV Overweight 103 Positions Relative to LBO

Symbol	Grade	Weight
HYLS	A	19.98%
PMT	D	1.5%
IEP	F	1.45%
ARLP	A	1.33%
DMLP	A	1.33%
KRP	C	1.29%
BSM	A	1.25%
DKL	C	1.18%
USAC	C	1.15%
CAPL	D	1.14%
AGNCN	A	1.09%
APLE	B	1.07%
LADR	A	1.03%
EPR	D	1.01%
LTC	B	0.97%
GLP	A	0.94%
MPLX	A	0.93%
ET	A	0.92%
NRP	A	0.89%
CQP	A	0.88%
GTY	C	0.86%
HST	D	0.85%
WES	C	0.82%
EPD	A	0.81%
GLPI	D	0.8%
CHSCO	C	0.79%
FITBI	A	0.79%
SPG	A	0.77%
CHSCL	B	0.76%
SUN	C	0.75%
RZC	A	0.73%
AAT	C	0.73%
CHSCN	C	0.72%
IIPR	F	0.72%
VICI	C	0.71%
PAA	A	0.71%
FCPT	C	0.71%
CHSCM	C	0.7%
NHI	D	0.68%
PAGP	A	0.67%
WU	F	0.65%
NNN	D	0.65%
ALEX	B	0.64%
BRX	A	0.63%
LAMR	D	0.62%
CTRE	D	0.62%
CDP	C	0.61%
T	A	0.6%
VZ	C	0.59%
MAA	A	0.58%
CUBE	C	0.57%
PSA	C	0.57%
REG	A	0.57%
CHRD	F	0.54%
OKE	A	0.51%
ENLC	A	0.5%
BMY	B	0.5%
FANG	D	0.46%
TROW	A	0.45%
NWE	C	0.45%
ETR	A	0.45%
GILD	B	0.45%
EVRG	A	0.44%
DTM	A	0.44%
AVA	C	0.43%
GEL	D	0.43%
BKH	A	0.42%
PINC	B	0.42%
LYB	F	0.42%
SR	A	0.41%
HMN	A	0.41%
VTRS	A	0.4%
PRU	A	0.39%
CAG	F	0.39%
CVX	A	0.39%
KHC	F	0.39%
XEL	A	0.38%
EXC	C	0.38%
MSM	C	0.38%
POR	D	0.37%
WEC	A	0.37%
PNM	B	0.37%
OGS	A	0.37%
FLO	D	0.36%
DRI	B	0.36%
ES	C	0.36%
DUK	C	0.35%
FE	C	0.35%
DVN	F	0.35%
PNC	A	0.35%
NJR	A	0.34%
SJM	F	0.34%
IBM	D	0.34%
EIX	C	0.34%
IPG	F	0.34%
FAF	C	0.33%
NFG	A	0.32%
MDT	D	0.32%
SON	D	0.32%
AEP	C	0.32%
KMB	C	0.31%
GIS	D	0.3%
NMM	D	0.05%

MDIV 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%

LBO: Top Represented Industries & Keywords

Industries: Asset Management Conglomerates Credit Services Specialty Finance