Key Highlights

  • The active fund holds 28 companies, with the top ten at 64.85% and Amazon at 9.89%.
  • Consumer Cyclical holds 28.38%, against 8.79% for the category, and Communication Services 18.46%.
  • The management fee is 1.25% and the fund size is $271.74 million.
  • The fund can short sell securities that the manager believes are vulnerable to material price declines.

GCQ Global Equities Complex ETF (ASX:GCQF) invests in a concentrated portfolio of listed global equity securities designed to deliver compound risk-adjusted returns while preserving capital over the long term. The fund also has the capacity to short sell securities that GCQ believes to be vulnerable to material price declines. It was admitted to the ASX on 3 March 2025 and last traded at $4.22 on 13 October 2026.

Detail

Information

Ticker

ASX:GCQF

Fund

GCQ Global Equities Complex ETF

Category

Equity World Large Blend

Benchmark

MSCI Global NR AUD

Fund size

$271.74 million

Management fee

1.25%

Total holdings

28

ASX admission date

3 March 2025

Concentrated holdings

The ten largest positions represent 64.85% of the fund. Amazon.com leads at 9.89%, followed by Airbnb (7.55%), Money Forward (6.95%), Visa (6.54%) and Hermes International (5.87%). Rightmove (5.85%), Intuit (5.77%), MSCI (5.73%), Uber Technologies (5.42%) and Hemnet Group (5.24%) complete the list.

Cash is 3.46% and stocks 96.54%. Companies below $500 million in market capitalisation represent 5.99%, against 0.19% for the category.

Sector and country exposure

Technology holds 29.86%, close to the 30.99% category figure, and Consumer Cyclical 28.38%. Financial Services holds 19.16% and Communication Services 18.46%, against 8.01%. Industrials holds 3.49%, against 10.60%. The fund has no weighting in Healthcare, Energy, Real Estate or Consumer Defensive.

The United States accounts for 63.07%, below the 68.75% category figure. France holds 9.46%, against 2.65%, Japan 7.07%, the United Kingdom 5.95%, Sweden 5.33% and Switzerland 4.85%.

Fee, risk and distributions

The management fee is 1.25% a year. The fund reports a beta of 0.49 and a standard deviation of 19.79. The most recent distribution on record is an interim payment of $0.049 per unit, with an ex-date of 2 January 2026, a record date of 5 January and payment on 15 January, equal to an annual yield of 1.25%.

The earlier payment on record is $0.003 for July 2025.

Category classification and liquidity

Morningstar places the fund in the Equity World Large Blend category, which covers funds investing primarily in large companies listed around the globe, with the portfolio not defined by a single sector or region and the blend style applied where neither growth nor value characteristics predominate.

Liquidity indicators add a further view. There are 64,698,985 units on issue, and average daily trading volume is 94,995 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 1,800 to 43,900 units, with 19,942 recorded on 13 October while the market was still open. The bid-offer range stood at $4.21 to $4.22, and the day range at $4.21 to $4.23. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged Units on Issue and Monthly Unit Movements and a Monthly Portfolio and Performance Update for September 2026 on 6 October, together with a Directors Resignation notice. A Quarterly MPI Tracking Error disclosure followed on 2 October and the 2026 Annual Report on 30 September.

Closing Perspective

GCQF is a concentrated, actively managed global equity fund with a 1.25% fee and short-selling capacity. Its consumer and communication weightings are well above its category, and its listing history is short. These facts describe the fund and do not forecast outcomes.