WHITEWOLF Publicly Listed Private Equity ETF
$24.98−0.34 (−1.33%)
- Expense ratio
- 6.53%
- Fund size
- $7M
- 1Y return
- −13.7%
- Yield · Last 12 months
- 6.61%
- Volume · 30D
- 0M sh
- NAV per share
- $25.60
- 52W range
The ETF.net LBO Grade
Score 27 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 27Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 25Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 20Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 48Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 20Category rank
Our read on LBO
DThe ticker tells you the plan. LBO buys the leveraged buyout machine itself: US-listed buyout sponsors, asset managers, and the BDC lenders that finance the deals, in one actively managed, income-oriented basket.
The actively managed fund seeks long-term capital appreciation and current income. It normally invests at least 80% of net assets in U.S.-listed private-equity companies, including leverage-finance providers and buyout, sponsor, and asset-management firms.
Why people hold it
- Covers both sides of a buyout: the sponsors and asset managers running the deals, plus the BDCs and leverage providers financing them.lbo.fund
- Actively managed with a stated value tilt, so a manager builds the basket instead of an index rulebook.
- Income is written into the mandate, not bolted on. The fund seeks capital appreciation and current income, and distributes quarterly.
- Stays with US-listed names only, a narrower lane than global peers such as PSP.
Worth knowing
- Cost is the headline trade-off: a 6.71% expense ratio against a peer median near 1.8%. Holding BDCs adds their pass-through fees to that reported number.lbo.fund
- A small, thinly traded fund, so bid-ask spreads and order size matter more here than with the category's household names.
- Non-diversified and almost entirely financials, so a handful of names can drive the ride.sec.gov
LBO Holdings
- Stocks
- —
- 69%
- APO
Sectors
- Financials96.2%
- Industrials3.9%
Geography
- United States97.22%
- Canada2.78%
LBO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | LBO |
|---|---|
| Year to date | −10.0% |
| 1 month | −7.0% |
| 3 months | +2.9% |
| 1 year | −13.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | LBO |
|---|---|---|
| 2026 YTD | −10.0% | |
| 2025 | −6.4% | |
| 2024 | +30.9% | |
| 2023 | +7.6% |
LBO in the news
ETF.net Research hasn’t filed on LBO yet — coverage lands here as it’s written.
LBO Dividends
- 6.61%
- $1.67
- $0.34 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.34 |
| Mar 30, 2026 | Mar 31, 2026 | $0.26 |
| Dec 23, 2025 | Dec 24, 2025 | $0.63 |
| Sep 29, 2025 | Sep 30, 2025 | $0.44 |
| Jun 27, 2025 | Jun 30, 2025 | $0.61 |
| Mar 28, 2025 | Mar 31, 2025 | $0.35 |
| Dec 30, 2024 | Dec 31, 2024 | $0.62 |
| Sep 27, 2024 | Sep 30, 2024 | $0.47 |
| Jun 27, 2024 | Jun 28, 2024 | $0.48 |
| Mar 26, 2024 | Mar 28, 2024 | $0.35 |
| Dec 28, 2023 | Jan 3, 2024 | $0.32 |
LBO Risk
- 18.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.35
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.84
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
LBO Cost
- The middle half of Listed Private Markets funds
- Median 0.95%
8 of the 11 Listed Private Markets funds charge less.