PRVT
The fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.Chicago Board Options ExchangeTema Listed Private Managers ETF
$23.36−0.11 (−0.47%)
- Expense ratio
- 0.99%
- Fund size
- $0M
- 1Y return
- —
- Yield · Last 12 months
- Data unavailable
- Holdings
- 1
- Volume · 30D
- 0M sh
- NAV per share
- $23.47
- 52W range
Our read on PRVT
Getting into private equity usually means lockups, capital calls and a minimum you don't have. PRVT takes the other door: it buys the listed firms that run private capital, roughly 30 alternative managers in one active portfolio.
The Fund seeks total return through an actively managed portfolio focused primarily on publicly traded REITs, with limited MBS exposure. Its strategy seeks REITs resembling the real-estate portfolios of selected public non-traded REITs.
Why people hold it
- Owns the managers, not their funds. Public shares of private equity, private credit, infrastructure and real asset firms, bought in a brokerage account like any stock.temaetfs.com
- Actively run and concentrated at roughly 30 names, so it can lean toward private credit or infrastructure specialists rather than follow a cap-weighted screen.temaetfs.com
- The mandate reaches past Wall Street: Europe-listed private markets firms can sit alongside the US giants.temaetfs.com
Worth knowing
- 0.99% a year is active-management pricing, and it comes out of the fund every year whatever the strategy does.
- Roughly 30 stocks in one industry. Fee income here moves with dealmaking, fundraising and credit conditions, so the ride is concentrated and cyclical.temaetfs.comtemaetfs.com
- Young and small: launched in 2025 as AAUM, renamed PRVT in 2026, and trading in modest volume, which can mean wider bid-ask spreads than in mega-funds.temaetfs.com
PRVT Holdings
- Stocks
- 1
- 100%
- CASH & CASH EQUIVALENTS
PRVT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PRVT |
|---|---|
| Year to date | +24.7% |
| 1 month | +9.1% |
| 3 months | +8.7% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PRVT |
|---|---|---|
| 2026 YTD | +24.7% | |
| 2025 | −5.3% |
PRVT in the news
ETF.net Research hasn’t filed on PRVT yet — coverage lands here as it’s written.
PRVT Dividends
- $0.19 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 10, 2025 | Dec 11, 2025 | $0.19 |
PRVT Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PRVT Cost
- 0.99%