Summary
VanEck Alternative Asset Manager ETF is an ETF - a fund traded on an exchange like a stock - run by VanEck. Positions inside: 25. The ten largest make up 71% of the fund.
- Yearly costs
- 0.40%
- Fund size
- $233.0M
- Positions
- 25
- Dividend yield
- 1.05%
- Running since
- 2025
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 71% of the fund, so its result rests on a few names.
- 100% of the fund is in one sector (Financials).
- In the last five years its price once dropped by 32% from its high.
- A young fund: it has been running only since 2025.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -5.0%
- 3 months
- -3.9%
- This year
- -21%
- 1 year
- -19%
- Avg. market cap
- $54.2B
- P/E
- 27.0x
- Forward P/E
- 16.8x
- P/S
- 3.1x
- P/B
- 2.1x
- P/FCF
- 14.9x
- EV/EBITDA
- -
- Dividend yield
- 3.26%
- ROIC
- -
- ROE
- 16.4%
- Gross margin
- -
- Operating margin
- 30.8%
- Net margin
- 17.7%
- Payout ratio
- 87.9%
- Net debt/EBITDA
- -
- Beta
- 0.85
Weighted average of the 17 largest companies, which make up 90% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 BNBrookfield Corporation BN 13%
- 2 BXBlackstone BX 11%
- 3 KKKKR & Co. Inc. KKR 9.4%
- 4 APApollo Global Management, Inc. APO 7.6%
- 5 BABrookfield Asset Management BAM 7.5%
- 6 ONOnex Corporation ONEX.TO 4.6%
- 7 Icg Plc 4.6%
- 8 EQEQT AB (publ) EQT.ST 4.5%
- 9 PGPartners Group Holding AG PGHN.SW 4.4%
- 10 ARAres Management Corporation ARES 4.3%
Positions in the fund: 25. The ten largest make up 71% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 100%
By country
- United States 60%
- Canada 19%
- United Kingdom 10%
- Sweden 4.5%
- Other countries 7.0%
By company size
- Large cap 82%
- Mid cap 17%
- Small cap 1.3%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 90% of the fund.
Largest sector: Financials (100%). Largest country: United States (60%). Largest size group: Large cap (82%).
What does it cost me?
Usual costs- A year from $10,000
- $40.00
- Over 20 years
- $1,950
From every $10,000 invested the fund takes $40.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,950.
How has it done?
Losing value- Over the last year
- -19%
- Deepest drop
- -32%
- Yearly volatility
- 28%
Decline over the last year: 19%. Deepest drop in these years: 32% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.05%
- Last payment
- $0.22
Over the last 12 months it paid $0.22 per share, which is 1.05% of today's price. The last payment was $0.22 on Dec 22, 2025.
Is it easy to buy and sell?
Yes- Traded a day
- $4.64M
- Shares a day
- 217K
On an average day about $4.64M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 27.0
- Average Bulios Score
- 59 out of 100
Weight by Bulios Fair Price
- Undervalued 52%
- Fairly valued 15%
- Overvalued 33%
On average the companies inside trade for 27.0 times their yearly profit. By Fair Price, 52% of the rated weight comes out as undervalued.
Counted from its largest companies (17), which make up 90% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
LB LBO WHITEWOLF Publicly Listed Private Equity ETF | United States | 6.53% | $6.05M | -17% | Pays out | 43% |
IP IPRA.AS iShares Listed Private Equity UCITS ETF | Ireland | 0.75% | $1.25B | -16% | Reinvests | 35% |
IQ IQQL.DE iShares Listed Private Equity UCITS ETF | Ireland | 0.75% | $1.21B | -16% | Pays out | 35% |
PS PSP Invesco Global Listed Private Equity ETF | United States | 1.75% | $260.4M | -17% | Pays out | 35% |
NG NGPE.TO NBI Global Private Equity ETF Trust Units | Canada | 0.63% | $258.3M | -17% | Reinvests | 34% |
LP LPEFX ALPS Global Opportunity Fund· mutual fund | United States | 1.86% | $39.7M | -21% | Pays out | 31% |