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About VanEck ETF Trust VanEck Alternative Asset Manager ETF
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Inception date
Jun 4, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
GPZ is a passively managed ETF that tracks an index focused on companies involved in the alternative asset management sector. The fund targets US-listed, USD-denominated companies where at least 75% of revenue or operating assets are derived from private equity and other alternative asset investments. The portfolio includes investments in business development companies, venture capital, buy-outs, and equity stakes in non-public companies, as well as real estate or infrastructure assets. The investable universe is limited to the largest share class per eligible security, adhering to specific market-cap and liquidity requirements. The fund also considers IPOs, spin-offs, and SPACs. The fund selects the top 10 companies by market capitalization with a cap of 15%. The market cap-weighted portfolio is reconstituted and rebalanced on a semi-annual basis in March and September and during reviews in June and December.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
GPZ trades at 24.59 USD today, its price has risen 1.22% in the past 24 hours. Track more dynamics on GPZ price chart.
GPZ assets under management is 2.55 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
GPZ fund flows account for 1.91 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
GPZ invests in stocks. See more details in our Analysis section.
GPZ expense ratio is 0.40%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, GPZ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, GPZ doesn't pay dividends to its holders.
GPZ trades at a premium (0.16%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
GPZ shares are issued by Van Eck Associates Corp.
GPZ follows the MarketVector Alternative Asset Managers Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 4, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.