IQ

LBO · WHITEWOLF Publicly Listed Private Equity ETF

Share ▾
Share on XDownload as PDF
$26.06
+4.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

LBO is actively managed and returned −1.0% over the past year.

What drove LBO’s returns?Is a 0.07% fee low for a fund like LBO?What does LBO cost to hold and to trade?
Equity fund · Actively managedExpense ratio 0.07%Fund assets $7.1m net assets, latest filing (Jul 31, 2026)First traded Nov 30, 2023Benchmark Its own holdings, as of Jul 31, 2026; its shareholder report compares it with the S&P 500 Index, but its daily returns fit VOO's at R-squared 0.291 over the year to Nov 4, 2026 (251 days), under the 0.35 it needs to return to itSEC filings ↗Dividend history

LBO returned −1.0% over the year to Nov 4, 2026, charges 0.07% a year and holds $7.1m in net assets on Jul 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about LBOAdd to portfolioOverlapAlerts

LBO risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

What you earned

LBO +9.2%: total return over one month to Nov 4, 2026.
LBO+9.2%
LBO +0.1%: total return over three months to Nov 4, 2026.
LBO+0.1%
LBO +2.6%: total return over six months to Nov 4, 2026.
LBO+2.6%
LBO −6.1%: total return over the year to Nov 4, 2026.
LBO−6.1%
LBO −1.0%: total return over one year to Nov 4, 2026.
LBO−1.0%
LBO +23.5%: total return since launch to Nov 4, 2026.
LBO+23.5%
askIQ: what drove LBO’s returns? ↗

How concentrated, and what does it cost?

No index, actively managed
−1.0%
Total return, 1 year
Report
0.07%
Expense ratio
Report
38
Holdings
Report
−17.4%
Below its high
Report
5.6%
12-month yield, capital gains included, on its starting price
Report
$0.3392
Last payment (paid quarterly), ex-date Sep 28, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.07% fee low for a fund like LBO? ↗

More on LBO

Every number below is on this page. Open what you need.

The week's ETF fund flows, by email on Sundays.

One-click unsubscribe. See Privacy.

Price and total return, 1 year

$26.06+4.3%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

LBO returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026+9.2%−1.0%
3M Aug 5 – Nov 4, 2026+0.1%−0.1%
6M May 6 – Nov 4, 2026+2.6%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026−6.1%+13.3%
1Y Nov 4, 2025 – Nov 4, 2026−1.0%+14.8%
Since launch Nov 30, 2023 – Nov 4, 2026+23.5%+74.2%
Since launch, annualised Nov 30, 2023 – Nov 4, 2026+7.5%–

Total returns, distributions reinvested. Listed Nov 2023: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

LBO key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$30.64 on Dec 10, 2025
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$22.52 on Mar 12, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$26.06, 44% of the way from the low to the high
Holdings38
Top ten weight66.7%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · LBOas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

LBO for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
LBO interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

LBO is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

LBO top ten by weight, 57.7% of the fund, of its 16 equity positions, from the holdings filed for Jul 31, 2026. Source: the fund’s SEC filing.

Apollo Global Management Inc APO 9.73%
KKR & Co Inc KKR 7.81%
Blackstone Secured Lending Fund BXSL 7.19%
Ares Management Corp ARES 6.57%
Blackrock Inc BLK 5.07%
Blue Owl Capital Inc OWL 5.00%
Carlyle Group Inc CG 4.64%
Brookfield Asset Management Ltd BAM 4.18%
Blackstone Inc BX 4.13%
Compass Diversified Holdings CODI 3.42%
Fund filings on SEC EDGAR ↗See all 38 holdings →Check overlap with another fund →

Source: Holdings filing (SEC Form N-PORT). Data as of Jul 31, 2026. Updated when the fund files its next report.

About LBO

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. mid-cap blend
Expense ratio (485BPOS XBRL, May 27, 2026)0.07%
Price$26.06
First tradedNov 30, 2023
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$7.1mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jul 31, 2026; its shareholder report compares it with the S&P 500 Index, but its daily returns fit VOO's at R-squared 0.291 over the year to Nov 4, 2026 (251 days), under the 0.35 it needs to return to it
Stated benchmark (secondary)S&P 500 Index (from its shareholder report), priced by VOO
LBO, 1 year to Nov 4, 2026 (secondary)−1.0%
VOO, the same days (secondary)+14.8%
Against its stated benchmark, 1 year (secondary)−15.8 pts
Daily R-squared against VOO, 1 year to Nov 4, 2026 (secondary)0.29
Below its high (ETFIQ)−17.4%
Holdings38
Top ten weight66.7%
Cash, not in the top ten2.3%
Holdings as of (SEC N-PORT)Jul 31, 2026
Already in the S&P 500, by weight (ETFIQ)33.3%
Active share vs the S&P 500 (ETFIQ)99.4%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on LBO

12 seats on LBO, as of Nov 4, 2026: 3 Mixed, 8 Challenges, 1 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianMixed
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put LBO to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about LBO

How has LBO performed?
Over the year to Nov 4, 2026, LBO returned −1.0% with distributions reinvested.
What does LBO cost?
The prospectus expense ratio is 0.07% a year.
What does LBO hold?
38 positions as filed for Jul 31, 2026, with the top ten at 66.7% of the fund. 33% of its weight is in stocks the S&P 500 also holds.
How far is LBO below its high?
17.4% below its high of Jan 31, 2025, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, LBO and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.07%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $7.1mSEC filing, whole fund · Jul 31, 2026
HoldingsHoldings filing (SEC Form N-PORT) · Jul 31, 2026 ↗
All fund filingsFund filings on SEC EDGAR ↗
LBO’s own site, from White Wolf Capital ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, LBO, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/lbo

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Embed this chart

Free to use with the credit link. Paste this where the chart should go; it updates every trading night.

LBO: LBO over 1 year: total return −1.0%. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/lbo/" title="LBO: LBO over 1 year: total return −1.0%. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">LBO: LBO over 1 year: total return −1.0%. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/lbo">ETFIQ</a></figcaption>
</figure>

How to embed ETFIQ charts

Get the ETFIQ Daily

The day's ETF flows, a comparison and one number. Every trading morning. About the Daily

The ETFIQ Daily and our other emails. Unsubscribe from any one in a click. See Privacy.

Snapshot, Nov 4, 2026. More on the tabs above.