VanEck Global Listed Private Equity ETF (GPEQ) Review & Analysis

MER · #369 of 514AUM · #325 of 5081Y Return · #411 of 4263Y Return · #234 of 300

What's new this monthData to 30 September 2026

−8.2% in September (total return), behind the median international shares ETF at +0.0%.
Investors added a net $1.8m (2.9% of the fund).
The unit price closed the month at $18.20, 29% below its 12-month high (range $17.26 to $25.47).

About GPEQ

GPEQ is an international shares ETF from VanEck, listed on the ASX since November 2021. With $64m under management it is number 164 of 254 international shares ETFs by size. The management fee is 0.65% a year, about $65 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Its largest holdings are Ares Management Corp, KKR & Co Inc and Blackstone Inc, and the top 10 make up 59% of the fund. By sector it leans towards financials (100%). United States is the biggest country exposure at 53%.

Over the past year it returned −22.6%, against +10.4% for the median international shares ETF.

GPEQ distributions and dividend dates

GPEQ pays distributions yearly, usually going ex-distribution in July, with payment about 26 days after the ex-date. (Pattern estimated from recent payments.)

The latest distribution was $0.59 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 27 July 2026. To receive it you need to own GPEQ before the ex-date.

Its distribution yield over the past 12 months is about 3.1%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare GPEQ Check overlap VanEck website ↗

Compare GPEQ with

GPEQvsRIIF

Resolution Capital Global Listed Infrastructure Fund – Active ETF

Fee	0.65%	0.70%
1 year	−22.6%	+12.8%
5 yrs p.a.	–	–
Size	$64m	$36m

Same holdingsNo holdings data

Full comparison →

GPEQvsVGS

Vanguard MSCI Index International Shares ETF

Fee	0.65%	0.18%
1 year	−22.6%	+10.1%
5 yrs p.a.	–	+11.8%
Size	$64m	$18.7bn

Same holdings0%No companies in common

Full comparison →

GPEQvsIVV

iShares S&P 500 ETF

Fee	0.65%	0.04%
1 year	−22.6%	+10.1%
5 yrs p.a.	–	+13.4%
Size	$64m	$14.9bn

Same holdings0%No companies in common

Full comparison →

GPEQvsNDQ

Betashares Nasdaq 100 ETF

Fee	0.65%	0.48%
1 year	−22.6%	+16.6%
5 yrs p.a.	–	+15.3%
Size	$64m	$9.5bn

Same holdings0%No companies in common

Full comparison →

GPEQ price by TradingView

Stock Code	GPEQ
Fund Manager	VanEck
Asset Class	International shares
AUM	$64m
MER (%)	0.65%
Net flows (Sep)	+$1.8m
Last Price	$18.20
52-Week Range	$17.26 – $25.47
Bid/Ask Spread	0.22%
Listing Date	25/11/2021
Exchange	ASX
Index tracked	LPX50 Index
Issuer website	VanEck ↗

Performance (% return)

1 month−8.2%

1 year−22.6%

3 years p.a.+5.1%

5 years p.a.–

$10,000 invested…

1 year ago$7,7453 years ago$11,594

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

GPEQ at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Behind its peers. +5.1% a year over 3 years, against +15.4% for the median international shares ETF.
Concentrated. The top 10 holdings make up 59% of the fund, so a few companies drive the result.

Worked out from GPEQ's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 2 Nov 2026

GPEQ is in a base. Here's why that matters.

GPEQ's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 20.9% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

GPEQ weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Exposure Regions

Global

Portfolio Breakdown

Top 10 holdings (59.1% of the fund)

Symbol	Company	% assets
ARES		8.28%
KKR		7.44%
BX		7.28%
III		7.16%
APO		7.15%
EQT		4.72%
ARCC		4.56%
ICG		4.24%
CG		4.17%
PGHN		4.06%

Sector breakdown

Financials100.0%

Country breakdown

United States53.4%
United Kingdom20.6%
SE6.2%
Switzerland5.0%
Canada4.5%
BE4.0%
Netherlands2.8%
France2.7%
Other0.8%

Holdings from the issuer's published portfolio as at 30 October 2026. Breakdowns are based on the largest 50 positions, covering 100% of the fund. Compare GPEQ's holdings with other ETFs →

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
RIIF	Resolution Capital Global Listed Infrastructure Fund – Active ETF Active	–	0.70%	$36m	+12.8%	–	–
VGS	Vanguard MSCI Index International Shares ETF	0%	0.18%	$18.7bn	+10.1%	+17.9%	+11.8%
IVV	iShares S&P 500 ETF	0%	0.04%	$14.9bn	+10.1%	+19.2%	+13.4%
NDQ	Betashares Nasdaq 100 ETF	0%	0.48%	$9.5bn	+16.6%	+23.8%	+15.3%
QUAL	VanEck MSCI International Quality ETF	0%	0.40%	$9.2bn	+10.1%	+16.1%	+11.4%
VGAD	Vanguard MSCI Index International Shares (Hedged) ETF Currency hedged	0%	0.21%	$7.9bn	+17.1%	+19.8%	+10.8%

Same holdings is the share of GPEQ's money in companies the other ETF also holds, weighted by size. No other ETF shares much with GPEQ, so these are ETFs in the same category. See every ETF like GPEQ →

GPEQ vs its closest alternatives

What actually differs between GPEQ and the ETFs most like it. Data to 30 Sep 2026.

RIIF Resolution Capital Global Listed Infrastructure Fund – Active ETF

GPEQ is cheaper (0.65% vs 0.70%), worth about $3,207 on $100,000 over 20 years.
Over 1 year: GPEQ −22.6%, RIIF +12.8% (RIIF ahead by 35.4 percentage points).
Different structure: GPEQ is a standard fund, RIIF is actively managed.

Compare GPEQ and RIIF side by side →

VGS Vanguard MSCI Index International Shares ETF

They share 0% of their holdings: mostly different companies.
VGS is cheaper (0.18% vs 0.65%), worth about $31,584 on $100,000 over 20 years.
Over 3 years, a year: GPEQ +5.1%, VGS +17.9% (VGS ahead by 12.9 percentage points).
VGS is much larger ($18.7bn vs $64m), which usually means tighter trading spreads.

Compare GPEQ and VGS side by side →

IVV iShares S&P 500 ETF

They share 0% of their holdings: mostly different companies.
IVV is cheaper (0.04% vs 0.65%), worth about $41,515 on $100,000 over 20 years.
Over 3 years, a year: GPEQ +5.1%, IVV +19.2% (IVV ahead by 14.2 percentage points).
IVV is much larger ($14.9bn vs $64m), which usually means tighter trading spreads.

Compare GPEQ and IVV side by side →

General information only. Past performance is not a reliable indicator of future performance.

GPEQ FAQs

What is the fee for GPEQ?

GPEQ charges a management fee (MER) of 0.65% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is GPEQ?

GPEQ had $64m in funds under management as at 30 September 2026.

How has GPEQ performed?

GPEQ returned −22.6% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +5.1% a year. Past performance is not a reliable indicator of future performance.

Who manages GPEQ?

GPEQ is managed by VanEck and has been listed since November 2021.

Is GPEQ franked?

Generally no. GPEQ invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

What does GPEQ hold?

GPEQ's largest holdings are Ares Management Corp (8.3%), KKR & Co Inc (7.4%), Blackstone Inc (7.3%), 3i Group PLC (7.2%), Apollo Global Management Inc (7.2%). It holds about 50 investments in total. The biggest sector is financials at 60%. Holdings as at 30 October 2026.

Is GPEQ currency hedged?

No, GPEQ is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the VanEck product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.