WHITEWOLF Publicly Listed Private Equity ETF

Frequently Asked Questions About LBO

What does LBO invest in?

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.

What is the expense ratio of LBO?

WHITEWOLF Publicly Listed Private Equity ETF (LBO) charges an expense ratio of 6.71%. This is the annual fee deducted from fund assets to cover management and operations.

How big is LBO?

WHITEWOLF Publicly Listed Private Equity ETF (LBO) manages $9.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is LBO actively managed or an index fund?

LBO is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (LBO's is 6.71%) in exchange for the discretion to over- or under-weight positions.

When was LBO launched?

WHITEWOLF Publicly Listed Private Equity ETF (LBO) launched in November 2023 and is managed by WHITEWOLF.

How has LBO performed?

LBO's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.