AAUM
Tema Alternative Asset Managers ETF
The Tema Alternative Asset Managers ETF seeks to provide investors with exposure to a diversified portfolio of alternative asset managers to achieve long-term capital appreciation.
US
EQUITY
Active
MANAGEMENT STYLE
$ 2.3 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Sep 23, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BROOKFIELD CORP | 5.9 % |
| APOLLO GLOBAL MANAGEMENT INC. | 5.8 % |
| EQT AB | 5.7 % |
| ARES MANAGEMENT LP | 5.3 % |
| STEPSTONE GROUP, INC. CLASS A | 5.3 % |
| KKR & CO LP | 5.1 % |
| BROOKFIELD ASSET MGMT-A | 5.1 % |
| TPG INC | 5.0 % |
| INTERMEDIATE CAPITAL GROUP PLC | 4.9 % |
| HAMILTON LANE INCORPORATED CLASS A | 4.9 % |
Constituent Breakdown
| Number of holdings | 25 |
| Herfindahl-Hirschman Index | 430 |
| Wgt avg mkt cap (mns) | $29,732 |
| Large cap (>$10bn) | 43.8% |
| Mid cap ($2-10bn) | 36.5% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 89.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 55.2 % |
 |
CANADA | 13.9 % |
 |
BRITAIN | 7.1 % |
 |
SWEDEN | 5.7 % |
 |
SWITZERLAND | 4.7 % |
 |
BELGIUM | 3.2 % |
 |
FRANCE | 1.4 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -13.6% | -- | -- | -- | -- | -- | -- | -13.2% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.7% |
| Total Returns | -13.6% | -- | -- | -- | -- | -- | -- | -12.6% | Ann. Volatility | 29.9% | -- | -- | -- | -- | -- | -- | 27.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.76% |
Technical Indicators
| 30d moving avg. (EMA) | $21.06 |
| Relative strength (RSI) | 50 |
| MACD/Signal | 0.07/0.11 |
| Bollinger Bands (Upper/Lower) | $21.78/$20.74 |
| Short interest (% of AUM) | 0.7% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AAUM |
Expenses vs. AAUM |
ALTAR Score™ vs. AAUM |
|---|---|---|---|---|
| GPZ | VanEck Alternative Asset Manager ETF | 63.8% | -59 bp | +0.1% |
| LBO | WHITEWOLF Publicly Listed Private Equity ETF | 44.2% | -29 bp | +2.7% |
| PSP | Invesco Global Listed Private Equity ETF | 37.8% | +7 bp | +1.4% |
| KCE | State Street SPDR S&P Capital Markets ETF | 17.2% | -64 bp | +0.7% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 12.7% | -39 bp | +0.0% |
| AKRE | Akre Focus ETF | 11.0% | +7 bp | -0.6% |
Risk and Returns: AAUM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.8%
ALTAR SCORE™
59th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. AAUM's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places AAUM in the 59th percentile
among funds in the category.
Sell-Side Consensus
$29.9
PRICE TARGET
+42.6%
UPSIDE