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
$ 1.9 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 +
| INTERMEDIATE CAPITAL GROUP PLC | 6.0 % |
| BROOKFIELD CORP | 5.6 % |
| STEPSTONE GROUP, INC. CLASS A | 5.4 % |
| APOLLO GLOBAL MANAGEMENT INC. | 5.4 % |
| EQT AB | 5.3 % |
| KKR & CO LP | 5.3 % |
| PARTNERS GROUP HOLDING AG | 5.1 % |
| BROOKFIELD ASSET MGMT-A | 5.0 % |
| BLACKSTONE GROUP LP/THE | 5.0 % |
| ARES MANAGEMENT LP | 4.9 % |
Constituent Breakdown
| Number of holdings | 25 |
| Herfindahl-Hirschman Index | 422 |
| 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. | 92.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 51.4 % |
 |
CANADA | 14.6 % |
 |
BRITAIN | 8.3 % |
 |
SWEDEN | 5.3 % |
 |
SWITZERLAND | 5.1 % |
 |
BELGIUM | 3.9 % |
 |
FRANCE | 2.1 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -16.5% | -- | -- | -- | -- | -- | -- | -16.1% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.6% |
| Total Returns | -16.5% | -- | -- | -- | -- | -- | -- | -15.5% | Ann. Volatility | 34.4% | -- | -- | -- | -- | -- | -- | 27.3% |
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) | 0.67% |
Technical Indicators
| 30d moving avg. (EMA) | $20.17 |
| Relative strength (RSI) | 35 |
| MACD/Signal | -0.73/-0.83 |
| Bollinger Bands (Upper/Lower) | $20.67/$18.25 |
| Short interest (% of AUM) | 0.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 70.1% | -59 bp | +0.1% |
| PSP | Invesco Global Listed Private Equity ETF | 40.1% | +7 bp | +1.4% |
| LBO | WHITEWOLF Publicly Listed Private Equity ETF | 37.1% | -29 bp | +2.9% |
| PEX | ProShares Global Listed Private Equity ETF | 12.2% | -18 bp | +6.1% |
| KCE | State Street SPDR S&P Capital Markets ETF | 11.8% | -64 bp | +0.8% |
| AKRE | Akre Focus ETF | 10.7% | +7 bp | -0.9% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 10.3% | -39 bp | -0.1% |
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 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
6.2%
ALTAR SCORE™
59th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.7% 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
$28.95
PRICE TARGET
+50.7%
UPSIDE