LBO - ETF AI Analysis

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WHITEWOLF Publicly Listed Private Equity ETF (LBO)

Rating:70Outperform

Price Target:―

LBO, the WHITEWOLF Publicly Listed Private Equity ETF, has a solid overall rating driven mainly by strong, income-focused holdings like Ares Capital and Hercules Capital, which benefit from robust financial performance, appealing valuations, and supportive earnings calls. Large positions in firms such as Apollo, Blackstone, and BlackRock also add quality through strong growth and assets under management, but concerns about high valuations, leverage, and some overbought technical signals—along with weaker names like Carlyle facing cash flow and leverage pressures—temper the fund’s rating and highlight risk from exposure to potentially overvalued, highly leveraged private equity and credit businesses.

Positive Factors

Focused Exposure to Private Equity Leaders

The ETF holds well-known private equity and alternative asset managers, giving investors targeted access to this niche part of the financial sector.

Several Strong Top Holdings

A number of the largest positions, such as Ares Capital, Blue Owl Capital, Carlyle Group, and BlackRock, have shown strong year-to-date performance, helping support the fund’s overall returns.

Mostly Positive Recent Multi‑Month Performance

Despite a weak recent month, the ETF’s performance over the year to date and the last three months has been modestly positive, indicating some resilience in its strategy.

Negative Factors

Extremely High Expense Ratio

The fund charges a very high annual fee, which can significantly eat into investor returns over time compared with lower-cost ETFs.

Heavy Concentration in a Single Sector

With almost all assets in the financial sector, the ETF is highly exposed to downturns in financial and private equity markets.

Limited Diversification by Country and Holdings

The portfolio is almost entirely invested in U.S. companies and a small group of large positions, increasing the impact of U.S.-specific and stock-specific risks.

LBO vs. SPDR S&P 500 ETF (SPY)

AUM7.39M

RegionNorth America

Expense Ratio6.71%

Beta0.95

IssuerWHITEWOLF

Inception DateNov 30, 2023

Dividend Yield7.24%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume1,217

30 Day Avg. Volume3,235

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

33.55

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering40

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

LBO Summary

The WHITEWOLF Publicly Listed Private Equity ETF (LBO) invests mainly in U.S. financial companies that act like private equity firms but trade on the stock market. It does not track a set index, but instead focuses on asset managers and related financial businesses. Well-known holdings include Blackstone and BlackRock, which manage money and invest in many different companies and projects. Someone might invest in LBO for potential growth and to get indirect exposure to private equity-style investments in a simple ETF. A key risk is that it is heavily concentrated in financial stocks, so its price can rise or fall sharply with that sector.

How much will it cost me?The WHITEWOLF Publicly Listed Private Equity ETF (Ticker: LBO) has an expense ratio of 6.71%, meaning you’ll pay $67.10 per year for every $1,000 invested. This is significantly higher than average because it is actively managed, focusing on a specialized niche within financials. Active management typically involves higher costs due to the research and expertise required.

What would affect this ETF?The WHITEWOLF Publicly Listed Private Equity ETF (LBO) could benefit from positive trends in the financial sector, such as increased demand for asset management services and growth in private equity investments, especially as its top holdings include industry leaders like Blackstone and Ares Capital. However, it may face challenges from rising interest rates, which could impact borrowing costs and profitability for companies in the asset management and custody banking niche, as well as potential regulatory changes affecting private equity operations. Its focus on U.S.-based financial firms also makes it sensitive to domestic economic conditions.

LBO Top 10 Holdings

LBO is essentially a bet on U.S. private‑equity powerhouses and business development companies, with financials dominating the stage. Ares Capital is one of the main engines, rising steadily and helping to pull the fund forward, while Carlyle and BlackRock are also adding some positive lift. On the flip side, Apollo and KKR have been losing steam lately, acting as mild brakes on performance, and Blue Owl’s mixed trend hasn’t helped. With most of its story tied to a handful of big alternative-asset names, this ETF is highly concentrated in one corner of the U.S. market.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
ARCC	Ares Capital	10.64%	$782.27K	$14.24B	-14.83%	80 Outperform
HTGC	Hercules Capital	8.50%	$625.05K	$3.37B	-11.30%	79 Outperform
APO	Apollo Global Management	8.12%	$597.54K	$78.09B	-21.70%	75 Outperform
KKR	KKR & Co	7.48%	$550.18K	$101.85B	-31.61%	69 Neutral
BXSL	Blackstone Secured Lending Fund	7.24%	$532.68K	$5.93B	-22.73%	74 Outperform
OWL	Blue Owl Capital	6.92%	$508.66K	$21.27B	-45.80%	69 Neutral
GBDC	Golub Capital Bdc	5.38%	$395.78K	$3.53B	-13.86%	71 Outperform
BX	Blackstone Group	4.83%	$355.21K	$173.54B	-19.59%	72 Outperform
BLK	BlackRock	4.40%	$323.67K	$182.54B	4.86%	77 Outperform
CG	Carlyle Group	4.35%	$320.11K	$21.18B	4.66%	59 Neutral

LBO Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

28.86

Negative

100DMA

28.60

Negative

200DMA

29.00

Negative

Market Momentum

MACD

-0.19

Positive

RSI

36.51

Neutral

STOCH

2.75

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For LBO, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 29.26, equal to the 50-day MA of 28.86, and equal to the 200-day MA of 29.00, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 36.51 is Neutral, neither overbought nor oversold. The STOCH value of 2.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LBO.

LBO Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
LBO	―	―	$7.39M	6.71%	―
LFSC	―	―	$91.10M	0.54%	―
GABF	―	―	$50.37M	0.32%	―
FBDC	―	―	$39.01M	13.69%	―
TFNS	―	―	$13.38M	0.44%	―
AAUM	―	―	$2.45M	0.75%	―

Performance Comparison

LBO

WHITEWOLF Publicly Listed Private Equity ETF

28.05

-4.47

-13.75%

LFSC

F/M Emerald Life Sciences Innovation ETF

―

GABF

Gabelli Financial Services Opportunities ETF

―

FBDC

FT Confluence BDC & Specialty Finance Income ETF

―

TFNS

T. Rowe Price Financials ETF

―

AAUM

Tema Alternative Asset Managers ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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