AAUM
Tema Alternative Asset Managers ETF

Invest Alongside Listed Alternatives and Private Asset Managers.

How to Invest

Share Price:

$24.83

October 06, 2025

AAUM Factsheet

Reasons to Consider Investing in AAUM

Alternatives Adoption

Alternatives adoption in portfolios is growing fast from a low base, across a diversified range of alternative asset classes.

General Partner Alignment

AAUM allows investors to invest alongside the general partner and seek to benefit from fee growth driven by both performance appreciation and AUM growth.

Investment Expertise

AAUM is managed by an alternative asset managers veteran with over 15-years experience covering these companies.

Fund Overview

Fund Details

As of October 06, 2025

Ticker

AAUM

Fund Inception Date

10/01/25

Primary Exchange

CBOE BZX Exchange

Gross Expense Ratio

0.99%

Net Expense Ratio*

0.75%

Implied Liquidity

Shares Outstanding

100,000

# of Holdings

Portfolio Manager

Kaimon Chung, CFA

Investment Advisor

Tema ETFs LLC

Investment Sub-Advisor

NEOS Investments, LLC

*Contractual expense cap for net expense ratio of 0.75% is in effect through 03/31/2026.

Fund Summary

The Tema Alternative Asset Managers ETF (AAUM) seeks to invest in companies that potentially stand to benefit from the growth and adoption of alternative assets and their managers, which may include private equity, private credit, infrastructure, real estate, venture capital

Summary Prospectus

Portfolio Breakdown

Top 10 holdings

As of October 06, 2025

Company

% of Nav

STEPSTONE GROUP, INC.

5.24%

THE CARLYLE GROUP INC.

5.16%

TPG, INC.

5.16%

EQT AB

5.12%

BROOKFIELD ASSET MANAGEMENT LTD.

5.12%

BLUE OWL CAPITAL, INC.

5.09%

PARTNERS GROUP HOLDING AG

5.06%

ICG PLC

5.04%

DIGITALBRIDGE GROUP, INC.

5.02%

BROOKFIELD CORP.

4.97%

Download Holdings

Country Breakdown

United States

57.75%

United Kingdom

15.76%

Canada

8.38%

Sweden

6.16%

Others

11.95%

Industry Breakdown

Finance

99.26%

Non-Energy Materials

0.49%

Cash & Cash Equivalents

0.25%

Performance
Distributions
Premium / Discount

Prices & Performance

As of

Sep 30, 2025

AAUM

3 months

1 Year

3 Years

5 Years

Since Inception

NAV

Market Price

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

ST Cap Gains

LT Cap Gains

0.41 0.41 1.31 -0.3

Premium/Discount

Сhart Table

NAV / Market Price

NAV$24.73

NAV change (1D)($0.06)

Median Bid/Ask Spread (30 Day)0.65%

Market Price$24.83

Market Price Change (1D)($0.05)

Premium/Discount0.41%

As of: October 06, 2025

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.

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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 NEOS Investments, LLC serves as a subadviser to the Fund. The Fund is distributed by Foreside Fund Services LLC, which is not affiliated with Tema ETFs LLC nor NEOS Investments, LLC. Check the background of Foreside 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

$24.83

Reasons to Consider Investing in AAUM

Alternatives Adoption

General Partner Alignment

Investment Expertise

Fund Overview

Fund Details

As of October 06, 2025

Fund Summary

Portfolio Breakdown

Top 10 holdings

As of October 06, 2025

Country Breakdown

United States

United Kingdom

Canada

Sweden

Others

Industry Breakdown

Finance

Non-Energy Materials

Cash & Cash Equivalents

Prices & Performance

AAUM

3 months

1 Year

3 Years

5 Years

Since Inception

Distributions

Record Date

Ex-Date

Payable Date

Total Distribution

Income

ST Cap Gains

LT Cap Gains

Premium/Discount

Days Traded at Nav

Days Traded at Premium

Days Traded at Discount

NAV / Market Price

Fund Documents

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AAUM
Tema Alternative Asset Managers ETF