ETF Evaluator: WHITEWOLF Publicly Listed Priv Eq ETF () Follow This ETF

WHITEWOLF Publicly Listed Priv Eq ETF Overview

WHITEWOLF Publicly Listed Priv Eq ETF (LBO) is an actively managed Sector Equity Financial exchange-traded fund (ETF). WHITEWOLF launched the ETF in 2023.

The investment seeks long-term capital appreciation and current income. 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.

About WHITEWOLF Publicly Listed Priv Eq ETF (LBO)

There are 2 members of the management team with an average tenure of 2.67 years: Rahul Hukeri (2023) and Elie Azar (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. WHITEWOLF Publicly Listed Priv Eq ETF has 40 securities in its portfolio. The top 10 holdings constitute 66.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

WHITEWOLF Publicly Listed Priv Eq ETF is part of the Equity global asset class and is within the Sector Equity ETF group. WHITEWOLF Publicly Listed Priv Eq ETF has 7.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.4% There is 7.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WHITEWOLF Publicly Listed Priv Eq ETF has 2.3% of the portfolio in cash.

Assets Under Management

The fund has $7 million in total assets, which is below the $2 billion average for the Financial category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LBO Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WHITEWOLF Publicly Listed Priv Eq ETF expense ratio is high compared to funds in the Financial category. WHITEWOLF Publicly Listed Priv Eq ETF has an expense ratio of 6.53%, which is 329% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. WHITEWOLF Publicly Listed Priv Eq ETF has a portfolio turnover rate of 28%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 27% for the Financial category.

Recently, in the month of July 2026, WHITEWOLF Publicly Listed Priv Eq ETF returned 4.8%, which earned it a grade of C, as the Financial category had an average return of 4.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

WHITEWOLF Publicly Listed Priv Eq ETF has a trailing yield of 6.62%, which is above the 3.85% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

WHITEWOLF Publicly Listed Priv Eq ETF Grades

Year to date, the ETF has returned -10.4%, 15.2 percentage points worse than the category, which translates into a grade of F. The fund has returned -15.9% over the past year (grade of F).

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