GPZ ETF — VanEck Alternative Asset Manager ETF

VanEck Alternative Asset Manager ETF (GPZ)

Updated October 16, 2026.

GPZ is an ETF. its trailing-12-month yield is 1.08%, its expense ratio is 0.40%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -15.7% over the past 1.4 years, 46.5 points behind SPY at 30.8%.

This ETF tracks an index of equity securities from alternative asset management companies—those generating significant revenue or operating assets from private equity and other alternative investments. The fund distributes annually at a modest current rate, though its latest payout was special and may not recur regularly, with an expense ratio of 0.40%. It appeals to investors seeking exposure to the alternative asset management industry through a non-diversified, equity-focused strategy.

GPZ performance versus SPY

Price and return data through 2026-10-16.

Total return is -15.7% over the past 1.4 years, 46.5 points behind SPY at 30.8%. Its deepest 1-year drawdown was 29.9%.

GPZ key facts

Distribution Safety Score™

50 · Unproven

Issuer

VanEck

Asset type

ETF

Asset class

Equity

Inception date

06/04/2025

Expense ratio

0.40%

Distribution frequency

Annual

Trailing yield

1.08%

Last close

$20.91 (as of 2026-10-16)

AUM

$226,010,519

Average volume

206603.0

Dividend

$0.225

Ex-dividend date

12/22/2025

Payment date

12/26/2025

Beta

1.4097

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.08%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: VanEck; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GPZ risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 29.9%.

Who may consider GPZ — and who may not

It is a weaker fit for investors who need monthly cash flow (GPZ pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on GPZ

• All tickers starting with G

Frequently asked questions

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