Nasdaq 100 Equal Weight ETF
Overview
Fund objective
QNDQ aims to track the performance of the Nasdaq-100 Equal Weighted Index (before fees and expenses). The Index provides exposure to 100 of the largest non-financial companies listed on the Nasdaq market, with each holding in the Index weighted equally.
Benefits
Access the new economy
QNDQ’s portfolio contains 100 of the largest non-financial companies listed on the Nasdaq stockmarket, which includes companies that continue to revolutionise our lives including Amazon, Apple, Alphabet, Microsoft, Tesla and Nvidia.
Sector diversification, low stock concentration
Each stock in QNDQ’s Index has a 1% weighting as at each rebalance, resulting in low stock concentration. Technology is the most heavily represented sector, but sectors including healthcare, consumer discretionary and industrials also have substantial weightings in the Index, resulting in a more diversified exposure overall.
Portfolio diversification for Australian investors
QNDQ provides access to sectors that are under-represented in the Australian sharemarket. This may benefit Australian investors with a relatively large allocation to Financials and Mining companies and little exposure to Technology.
Invest in QNDQ with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 450,364 |
|---|---|
| Management fee and cost** (p.a.) | 0.48% |
| Distribution frequency | At least annually |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
* As at 4 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 4 December 2024 |
| NAV/Unit* | $16.60 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | QNDQ |
|---|---|
| Bloomberg code | QNDQ AU |
| IRESS code | QNDQ.AXW |
| Market makers | Susquehanna Pacific |
Index information
| Index | Nasdaq-100 Equal Weighted Index |
|---|---|
| Index provider | Nasdaq, Inc. |
| Index ticker | N/A |
| Bloomberg index ticker | NENNRAUD Index |
Performance
Fund returns after fees (%)
| Fund | Index | Nasdaq 100 (AUD) | |
|---|---|---|---|
| 1 month | 6.73% | 6.75% | 5.86% |
| 3 months | 10.09% | 10.19% | 11.52% |
| 6 months | 11.49% | 11.72% | 15.59% |
| 1 year | - | 23.03% | 34.29% |
| 3 year p.a. | - | 8.28% | 12.83% |
| 5 year p.a. | - | 14.68% | 21.62% |
| 10 year p.a. | - | 15.73% | 21.07% |
| Since inception | 10.55% | 10.86% | 20.82% |
| Inception date | 20-Feb-24 | - | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| ATLASSIAN CORP | 1.6 |
| TESLA INC | 1.5 |
| MARVELL TECHNOLOGY INC | 1.4 |
| DATADOG INC | 1.3 |
| NETFLIX INC | 1.2 |
| LULULEMON ATHLETICA INC | 1.2 |
| BOOKING HOLDINGS INC | 1.2 |
| WARNER BROS DISCOVERY INC | 1.2 |
| FORTINET INC | 1.2 |
| TAKE-TWO INTERACTIVE SOFTWARE | 1.2 |
Sector allocation
| Information Technology | 38.4% |
|---|---|
| Consumer Discretionary | 12.7% |
| Industrials | 11.3% |
| Health Care | 11.2% |
| Communication Services | 10.6% |
| Consumer Staples | 7.6% |
| Utilities | 4.1% |
| Energy | 2.0% |
| Financials | 1.0% |
| Other | 1.0% |
* As of 31 October 2024
Distributions
Frequency and yield
| Distribution frequency | At least annually |
|---|
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $0.245354 | - |