AAUM
Tema Alternative Asset Managers ETF

Access the Private Markets Opportunity—In a Single Ticker

Share Price:

$22.51

February 18, 2026

Why Invest in AAUM?

Convenience

Access a traditionally illiquid, exclusive category through a single ETF, with built-in diversification across managers, asset classes, and investment strategies.

High Growth Potential

Private markets are forecast to grow at more than twice the rate of public assets through 2032—highlighting durable, long-term tailwinds for the managers who deploy this capital.

Source: Bain & Company, August 2024.

Investment Expertise

AAUM is actively managed by an alternatives industry veteran with 15+ years of experience identifying the companies we believe are best positioned to prevail as private markets expand.

Fund Overview

Fund Details

As of February 18, 2026

Ticker

AAUM

CUSIP

87975E792

Fund Inception Date

10/01/25

Net Expense Ratio*

0.75%

Gross Expense Ratio

0.99%

Shares Outstanding

100,000

# of Holdings

Portfolio Manager

Primary Exchange

CBOE BZX Exchange

*Contractual expense cap for net expense ratio of 0.75% is in effect through 03/31/2027.

Fund Summary

The Tema Alternative Asset Managers ETF (AAUM) provides liquid, diversified exposure to the publicly traded firms managing private equity, private credit, venture capital, and real assets worldwide.

As private markets capture an increasing share of global economic value, access for many investors remains gated by lockups, capital calls, and steep minimums. AAUM offers a simpler path—without the friction.

AAUM Overview

Summary Prospectus

Portfolio Breakdown

Top 10 holdings

As of February 18, 2026

Company

% of Nav

BROOKFIELD CORP

5.74%

HAMILTON LANE INC

5.28%

APOLLO GLOBAL MANAGEMENT INC

5.27%

EQT AB

5.21%

PARTNERS GROUP HOLDING AG

5.21%

BROOKFIELD ASSET MANAGEMENT LTD

5.12%

KKR & CO INC

5.02%

ARES MANAGEMENT CORP

5.02%

CARLYLE GROUP INC/THE

4.94%

BLACKSTONE INC

4.93%

Download Holdings

Country Breakdown

United States

52.73%

Canada

14.48%

United Kingdom

10.85%

Sweden

5.90%

Others

16.04%

Industry Breakdown

Financials

98.45%

Cash & Cash Equivalents

0.84%

Materials

0.71%

Performance
Distributions
Premium / Discount

Prices & Performance

As of

Jan 31, 2026

AAUM

3 months

1 Year

3 Years

5 Years

Since Inception

NAV

3.85% -0.13%

-1.92% -0.13%

Market Price

3.85% 0.17%

-1.44% 0.17%

Performance data quoted represents past performance and is no 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 the original cost. Current performance may be lower or higher than the performance data quoted. Returns for periods of less than one year are not annualized.

The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date because there is no bid/ask spread until the fund starts trading.

Distributions

Record Date

Ex-Date

Payable Date

Total Distribution

Income

Dec 10, 2025

Dec 11, 2025

$0.18462

0.5 0.57 0.42 0.3 0.64 0.51 0.45 0.67 0.73 0.38 0.3 0.53

Premium/Discount

Сhart Table

NAV / Market Price

NAV$22.39

NAV change (1D)$0.26

Median Bid/Ask Spread (30 Day)0.62%

Market Price$22.51

Market Price Change (1D)$0.25

Premium/Discount0.5%

As of: February 18, 2026

February-26 January-26 December-25 November-25 October-25

How to Buy Tema ETFs

*Neither Tema ETFs LLC nor undefined ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.

Recent Related Insights

Stay informed with our latest research, insights, and market analysis to make better investment decisions.

Breaking Down Three Myths About Private Credit

Explore the myths and realities of private credit, its risks, and its evolving landscape in today's financial market. Discover why it remains a resilient investment option.

Read the Full Article

4 Questions on Private Markets with Investment Partner Kaimon Chung

Explore insights from Investment Partner Kaimon Chung on private markets, their role in portfolios, and how advisors can access these opportunities effectively.

Read the Full Article

Alts Alert: Accessing Private Market Value Creation

Learn why private market exposure is crucial for investors and how Tema can offer a diversified, low-cost way to access private asset value creation.

Read the Full Article

Risk Information

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be
found in the Fund’s prospectus or summary prospectus, which may be obtained by visiting www.temaetfs.com.

Read the prospectus carefully before investing.

Important Risks: Diversification does not ensure profits or prevent losses.
Sector Focus Risk: The Fund may invest a significant portion of its assets in one or more sectors and thus will be more susceptible to the risks
affecting those sectors. The Fund anticipates that it may be subject to some or all of the risks described below.

Financial Sector Risk: Financial services companies are subject to extensive governmental regulation, which may limit both the amounts and types of loans and other financial commitments they can make, the interest rates and fees they can charge, the scope of their activities, the prices they can charge and the amount of capital they must maintain. Profitability is largely dependent on the availability and cost of capital funds and can fluctuate significantly when interest rates change or due to increased competition. In addition, deterioration of the credit markets generally may cause an adverse impact in a broad range of markets, including U.S. and international credit and interbank money markets generally, thereby affecting a wide range of financial institutions and markets.

Investing in Foreign and emerging markets involves risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments. In addition, the fund is exposed to currency risk.

ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Total Returns are calculated using the daily 4:00pm EST net asset value (NAV). Market price returns reflect the midpoint of the bid/ask spread as of the close of trading of the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.

Tema ETFs LLC serves as the investment adviser to Tema Alternative Asset Managers ETF (the “Fund”), and Tidal Investments LLC serves as a subadviser to the Fund. The Fund is distributed by Vigilant Distributors, LLC, which is not affiliated with Tema ETFs LLC nor Tidal Investments LLC. Check the background of Vigilant Distributors, LLC on FINRA’s BrokerCheck.

Implied Liquidity: ETF Implied liquidity is a representation of how many shares can potentially be traded daily in an ETF as portrayed
by the creation unit. This is defined as the smallest value of the IDTS (Implied Daily Tradable Shares) for each holding in the creation unit.

Get in Touch

AAUM Tema Alternative Asset Managers ETF

$22.51

Why Invest in AAUM?

Convenience

High Growth Potential

Investment Expertise

Fund Overview

Fund Details

As of February 18, 2026

Fund Summary

Portfolio Breakdown

Top 10 holdings

As of February 18, 2026

Country Breakdown

United States

Canada

United Kingdom

Sweden

Others

Industry Breakdown

Financials

Cash & Cash Equivalents

Materials

Prices & Performance

AAUM

3 months

1 Year

3 Years

5 Years

Since Inception

Distributions

Record Date

Ex-Date

Payable Date

Total Distribution

Income

Premium/Discount

Days Traded at Nav

Days Traded at Premium

Days Traded at Discount

NAV / Market Price

Fund Documents

How to Buy Tema ETFs

Recent Related Insights

Breaking Down Three Myths About Private Credit

4 Questions on Private Markets with Investment Partner Kaimon Chung

Alts Alert: Accessing Private Market Value Creation

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AAUM
Tema Alternative Asset Managers ETF