Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF
Overview
Fund objective
GNDQ seeks to help investors build long-term wealth by providing moderately geared exposure to the returns of the Nasdaq 100.
Fund strategy
GNDQ combines investors’ money with borrowed funds and invests the proceeds in Betashares Nasdaq 100 ETF (ASX: NDQ), which aims to track the performance of the largest 100 non-financial companies listed on the Nasdaq (before fees and expenses). Gearing is managed internally within the Fund.
The Fund’s gearing ratio (being the total amount borrowed expressed as a percentage of the total assets of the Fund) will generally vary between 30% and 40% on a given day.
GNDQ does not aim to track an index.
What is gearing?
Gearing is the use of borrowed funds, in addition to your own, to increase the size of your investment. Gearing aims to generate magnified returns, but also increases risk, as losses are magnified too.
The gearing ratio of between 30% and 40% means that GNDQ’s geared exposure is anticipated to vary between ~143% and 167% of its Net Asset Value on a given day. GNDQ’s portfolio exposure is actively monitored and adjusted to stay within this range.
GNDQ’s returns will not necessarily be in this range over periods longer than a day, primarily due to the effects of rebalancing to maintain its daily target geared exposure range, the compounding of investment returns over time, and the impact of fees and costs.
GNDQ’s returns over periods longer than one day may differ in amount and possibly direction from the daily target geared return range. This effect on returns over time can be expected to be more pronounced the more volatile the relevant sharemarket or portfolio and the longer an investor’s holding period.
Due to the effects of rebalancing and compounding of investment returns over time, investors should not expect GNDQ’s Net Asset Value to be at a particular level for a given value of the relevant sharemarket or portfolio at any point in time.
Investors should monitor their investment regularly to ensure it continues to meet their investment objectives.
Gearing magnifies gains and losses and may not be a suitable strategy for all investors. Investors in geared strategies should be willing to accept higher levels of investment volatility and potentially large moves (both up and down) in the value of their investment. Geared investments involve significantly higher risk than non-geared investments. An investment in GNDQ is high risk in nature.
Benefits
Potential for accelerated wealth creation
GNDQ is part of the Betashares Wealth Builder ETF range, which uses gearing, an established way to build long-term wealth. GNDQ provides moderately geared exposure to the Nasdaq 100.
Low-cost funding, convenient access
GNDQ borrows at institutional interest rates that are considerably lower than those typically available to individual investors. Investing in GNDQ requires no loan applications, no credit checks and no possibility of margin calls as the gearing is managed internally within the Fund.
Invest in the way you live
Gain exposure to a portfolio of companies including Apple, Amazon, Netflix and Nvidia.
Invest in GNDQ with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 450,000 |
|---|---|
| Management fee and cost** (p.a.) | 0.50% |
| Investment manager | Betashares Capital Ltd |
| Distribution frequency | Semi-annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Registry | MUFG Corporate Markets |
* As at 17 January 2025
**Costs expressed as a percentage of Gross Asset Value of the Fund. Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 17 January 2025 |
| NAV/Unit* | $30.41 |
| * 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 | GNDQ |
|---|---|
| Bloomberg code | GNDQ AU |
| IRESS code | GNDQ AXW |
| Market makers | BNP Paribas Financial Markets SNC |
Index information
| Index | N/A |
|---|---|
| Index provider | N/A |
| Index ticker | N/A |
| Bloomberg index ticker | N/A |
Information
Gearing
| Gearing range | 30-40% |
|---|---|
| Current gearing exposure* (%) | 30.9% |
| Current gearing multiple** (x) | 1.45 |
* As at 20 January 2025. Calculated as Fund borrowings divided by Fund total assets. Current Gearing Ratio is as at start of the above date and can be expected to vary throughout the day.
**Represents the Fund’s approximate exposure, for the above date, to movements in the value of underlying investment portfolio held by the Fund. For example, if the Fund’s gearing multiple is 1.5x and the underlying investment portfolio goes up 1% that day, the Fund would be expected to go up approximately 1.5% that day, before fees and expenses. The Fund is actively managed, and the gearing multiple will change on a daily basis, affecting returns over time.
Performance
Fund returns after fees (%)
| Fund | Nasdaq 100 (AUD) | |
|---|---|---|
| 1 month | 8.21% | 5.67% |
| 3 months | - | - |
| 6 months | - | - |
| 1 year | - | - |
| 3 year p.a. | - | - |
| 5 year p.a. | - | - |
| 10 year p.a. | - | - |
| Since inception | 19.41% | 13.06% |
| Inception date | 11-Oct-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.
Sector allocation
| Information Technology | 51.3% |
|---|---|
| Communication Services | 15.1% |
| Consumer Discretionary | 14.7% |
| Consumer Staples | 5.5% |
| Health Care | 5.0% |
| Industrials | 4.8% |
| Materials | 1.3% |
| Utilities | 1.2% |
| Energy | 0.6% |
| Financials | 0.5% |
* As of 31 December 2024
Distributions
Frequency and yield
| Distribution frequency | Semi-annual |
|---|
*As at 31 December 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not an indicator of future performance.
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 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance