VABS vs. LBO ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.17

Average Daily Volume

2,416

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

$34.00

Average Daily Volume

1,354

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VABS	LBO
30 Days	0.27%	4.04%
60 Days	0.05%	10.46%
90 Days	0.26%	17.24%
12 Months	6.92%

2 Overlapping Holdings

	Symbol	Grade	Weight in VABS	Weight in LBO	Overlap
	CODI	B	0.02%	1.09%	0.02%
	PSEC	D	0.23%	2.42%	0.23%

VABS Overweight 48 Positions Relative to LBO

Symbol	Grade	Weight
RLJ	C	4.48%
BW	D	2.27%
EFC	C	1.89%
BFS	C	1.53%
EQC	B	1.49%
DRH	B	1.35%
PBI	B	1.34%
TWO	F	1.26%
ARR	D	1.25%
GNL	F	0.94%
F	C	0.87%
MFA	D	0.86%
CIM	D	0.82%
IVR	F	0.78%
DBRG	F	0.62%
ET	A	0.55%
EPR	C	0.47%
MITT	D	0.45%
CTO	B	0.29%
TDS	B	0.23%
PMT	C	0.21%
AHH	D	0.17%
SHO	D	0.17%
LXP	D	0.17%
INN	D	0.16%
ATCOL	A	0.15%
BHR	C	0.15%
UMH	B	0.11%
ABR	C	0.1%
ALLY	C	0.1%
FTAI	A	0.06%
ALTG	C	0.05%
FHN	A	0.04%
AL	B	0.04%
CIO	C	0.03%
NLY	C	0.03%
SNV	C	0.02%
DX	B	0.02%
PEB	D	0.01%
CNO	B	0.01%
VNO	C	0.01%
BOH	B	0.01%
SF	B	0.01%
EQH	C	0.01%
COF	C	0.01%
IFF	D	0.01%
JPM	A	0.01%
NEE	C	0.01%

VABS Underweight 33 Positions Relative to LBO

Symbol	Grade	Weight
KKR	A	-8.25%
ARCC	A	-6.95%
FSK	A	-6.75%
TPG	A	-6.64%
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	D	-3.07%
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%
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: Top Represented Industries & Keywords

Industries: Asset Management Conglomerates Credit Services Specialty Finance