Should You Invest in the VanEck Alternative Asset Manager ETF (GPZ)?

Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Financials - BDCs/PE is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.

Index Details

The fund is sponsored by Van Eck. It has amassed assets over $256.47 million, making it one of the average sized ETFs attempting to match the performance of the Financials - BDCs/PE segment of the equity market. GPZ seeks to match the performance of the MARKETVECTOR ALTERNATIVE ASSET MNGRS ID before fees and expenses.

The MarketVector Alternative Asset Managers Index tracks the overall performance of alterative asset managers across private equity, venture capital, private credit, private real estate and private infrastructure.

Costs

Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.

Annual operating expenses for this ETF are 0.4%, making it on par with most peer products in the space.

Sector Exposure and Top Holdings

ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Financials sector -- about 79.3% of the portfolio. Real Estate and Energy round out the top three.

Looking at individual holdings, Blackstone Inc (BX) accounts for about 12.49% of total assets, followed by Brookfield Corp (BN) and Kkr & Co Inc (KKR).

The top 10 holdings account for about 70.84% of total assets under management.

Performance and Risk

So far this year, GPZ has lost about 8.51%, and is down about 12.69% in the last one year (as of 08/19/2026). During this past 52-week period, the fund has traded between $20.18 and $29.8.

The ETF has a beta of 0.79 and standard deviation of 27.24% for the trailing three-year period. With about 25 holdings, it has more concentrated exposure than peers.

Alternatives

VanEck Alternative Asset Manager ETF sports a Zacks ETF Rank of 4 (Sell), which is based on expected asset class return, expense ratio, and momentum, among other factors. GPZ, then, is not a great choice for investors seeking exposure to the Financials ETFs segment of the market. Instead, there are better ETFs in the space to consider.

Invesco Global Listed Private Equity ETF (PSP) tracks Red Rocks Global Listed Private Equity Index and the VanEck BDC Income ETF (BIZD) tracks MVIS US Business Development Companies Index. Invesco Global Listed Private Equity ETF has $245.61 million in assets, VanEck BDC Income ETF has $1.68 billion. PSP has an expense ratio of 1.8%, and BIZD charges 12.86%.

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

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This article originally published on Zacks Investment Research (zacks.com).

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