us en false false Default

GPZ

VanEck
Alternative Asset Manager ETF

As of November 30, 2025

Fund Details

Fund Ticker GPZ
Intraday NAV (IIV) GPZIV
Index Ticker MVAALTTR
Total Net Assets ($M) 116.64
Options No
Exchange NYSE Arca
Inception Date 06/04/25

Fund Data

Number of Holdings 23
Currency USD
Price/Earnings Ratio* 32.60
Price/Book Ratio* 3.02
Weighted Avg. Market Cap ($M) $63,505
30-Day SEC Yield * 1.83%
NAV: 52 Week High/Low $29.72/$24.61
*30-Day SEC Yield is based on the most recent 30-day period and reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time. A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security. 

Fees and Expenses

Management Fee 0.40%
Other Expenses --
Gross Expense Ratio 0.40%
Fee Waivers and
Expense Reimbursement		 --
Net Expense Ratio 0.40%

Fees and ExpensesExpenses for GPZ are capped contractually at 0.40% until 01. February 2027. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Fund Description

VanEck Alternative Asset Manager ETF (GPZ) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MarketVector Alternative Asset Managers Index (MVAALTTR), which is intended to track the overall performance of alterative asset managers across private equity, venture capital, private credit, private real estate and private infrastructure.

Top 10 Holdings

Holding Name
Ticker
 % of Net Assets
Brookfield Corp
BN US
 13.62
Blackstone Inc
BX US
 10.64
Kkr & Co Inc
KKR US
 9.48
Apollo Global Management Inc
APO US
 8.51
Ares Management Corp
ARES US
 6.62
Eqt Ab
EQT SS
 4.81
Tpg Inc
TPG US
 4.78
Brookfield Asset Management Ltd
BAM US
 4.60
Icg Plc
ICG LN
 4.48
Partners Group Holding Ag
PGHN SW
 4.33
Top 10 Total 71.88
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:

Average Annual Total Returns* (%)

Month End as of 11/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
06/04/25
GPZ (NAV) 1.93 -7.49 -- -- -- -- -- 4.80
GPZ (Share Price) 2.10 -7.46 -- -- -- -- -- 4.92
MVAALTTR (Index) 1.87 -7.46 -- -- -- -- -- 4.81
Performance Differential (NAV - Index) 0.06 -0.03 -- -- -- -- -- -0.01
Quarter End as of 09/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
06/04/25
GPZ (NAV) -2.56 4.75 -- -- -- -- -- 10.38
GPZ (Share Price) -2.56 4.54 -- -- -- -- -- 10.48
MVAALTTR (Index) -2.59 4.75 -- -- -- -- -- 10.32
Performance Differential (NAV - Index) 0.03 -- -- -- -- -- -- 0.06

*Returns less than one year are not annualized.

Index inception date: 04/23/2018.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

GPZ

VanEck
Alternative Asset Manager ETF

As of November 30, 2025

Top 10 Countries

Country % of Net Assets
United States 59.61
Canada 23.26
Sweden 4.81
United Kingdom 4.48
Switzerland 4.33
France 3.21
Other/Cash 0.30
Top 10 Total 100.00

Sector Weightings

Sector % of Net Assets
■ Financials 99.7
■ Other/Cash 0.3

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Index returns assume that dividends have been reinvested.

An investment in the Fund may be subject to risks which include, among others, risks related to investing in alternative asset managers, issuer-specific changes, financials sector, equity securities, small-, medium and large-capitalization companies, depositary receipts, special risk considerations of investing in Canadian and European issuers, foreign securities, foreign currency, market, operational, index tracking, authorized participant concentration, new fund, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount, liquidity of fund shares, non-diversified and index-related concentration risks, all of which may adversely affect the Fund. Investing in listed alternative asset managers may be speculative and involve substantial risks, including leverage, liquidity, significant volatility, operational complexity, valuation, limited public information, and the risk of borrower default or bankruptcy. Small, medium and large-capitalization companies may be subject to elevated risks.

MarketVector Alternative Asset Managers Index is the exclusive property of MarketVector Indexes GmbH (a wholly owned subsidiary of Van Eck Securities Corporation), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector Indexes GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Alternative Asset Manager ETF is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH and MarketVector Indexes GmbH makes no representation regarding the advisability of investing in the Fund.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017  

FUND TICKER: GPZ 800.826.2333 VANECK.COM