WHITEWOLF Publicly Listed Private Equity ETF
$23.64−0.39 (−1.62%)
- 6.53%
- $6M
- −5.8%
- 6.54%
- 0M sh
- $24.01
- low $22.52high $30.76
The ETF.net LBO Grade
D
Score 30 out of 100
- 12 of 12
Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D27 out of 100Rank 9 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D29 out of 100Rank 11 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D29 out of 100Rank 11 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 6 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F18 out of 100Rank 12 of 12
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
- 39
- 69%
- APO
Sectors
- Financials96.0%
- Industrials4.0%
Geography
- United States97.09%
- Canada2.91%
LBO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
LBO$9,421
Returns run to the Oct 12, 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 | −13.4% |
| 1 month | −5.6% |
| 3 months | −1.3% |
| 1 year | −5.8% |
| 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 | −13.4% | |
| 2025 | −6.4% | |
| 2024 | +30.9% | |
| 2023 | +7.6% |
LBO in the news
LBO Dividends
- 6.54%
- $1.57
- $0.34 per share
- Quarterly
Distribution history
LBO Risk
- 19.8%
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.
- 0.11
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.
- 0.90
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
6.53%
LBO6.53%
- The middle half of Listed Private Markets funds
- Median 1.35%
8 of the 12 Listed Private Markets funds charge less.
Other funds in Listed Private Markets
- CBIZDVanEck BDC Income ETFExpense ratio 9.69%1 year return +1.2%
- CPEVCPacer PE/VC ETFExpense ratio 0.85%1 year return +21.4%
- DPBDCPutnam BDC Income ETFExpense ratio 11.77%1 year return −1.8%
- DPEXProShares Global Listed Private Equity ETFExpense ratio 2.95%1 year return −8.0%
- DVPCVirtus Private Credit Strategy ETFExpense ratio 10.60%1 year return −9.0%