Key Highlights

  • GNDQ (ASX:GNDQ) gives geared exposure to the Nasdaq 100, using a loan-funded holding in NDQ.
  • The underlying holding, the Betashares Nasdaq 100 ETF, is 143.57% of the fund.
  • Technology makes up 59.05% of the sector mix, followed by communication services at 12.68%.
  • Fund size is $80.46 million, with fees of 0.84%.

Betashares WealthBuilder Nasdaq Geared Complex ETF (ASX:GNDQ) traded at $36.63 during the trading session on 30 October 2026, down 3.09%, with 26,319 units changing hands. GNDQ is a geared stock exposure to the Nasdaq 100. It holds units in the Betashares Nasdaq 100 ETF and is financed through borrowing, which takes the exposure above 100% of the fund's assets. The fund was admitted to the ASX on 15 October 2024 and is benchmarked to the NASDAQ 100 TR USD index.

Fund Details

Fund size is $80.46 million, with 2,128,501 units on issue. The ISIN is AU0000352783 and management fees and costs are 0.84% a year. The investment objective is to provide geared exposure to the returns of the Nasdaq-100 index, within a stated loan-to-value band.

The fund's day range was $36.27 to $37.96, with average daily volume of about 10,448 units.

Stock Exposure and Gearing

Through its single holding in the Betashares Nasdaq 100 ETF, GNDQ's stock exposure is the same as that of the Nasdaq 100 itself. The holding is shown at 143.57% of the fund, offset by a cash balance of minus 43.58%, which reflects the borrowing that creates the gearing.

Sector weights are technology 59.05%, communication services 12.68%, consumer cyclical 11.09%, consumer defensive 6.23% and industrials 4.09%. Exposure is 97.27% United States, with small positions in Canada, the Netherlands, Brazil, China and the United Kingdom.

Income Profile

No annual yield is quoted for this fund. The most recent final distribution was $0.579, with an ex-date of 1 July 2026, a record date of 2 July 2026 and a payment date of 16 July 2026.

How the Portfolio Is Built

The fund borrows to buy units in the underlying Nasdaq 100 ETF, so each dollar of investor capital supports more than a dollar of stock exposure. The loan is sized to keep the gearing within a target range, and the fund rebalances when the value of the holding moves relative to the loan.

Because the structure is geared, a given move in the Nasdaq 100 produces a larger move in the fund, and borrowing costs are deducted from returns as part of the fee and interest structure.

Session Trading

GNDQ traded between $36.27 and $37.96 during the session, with 26,319 units changing hands against an average daily volume of about 10,448 units.

What the Exposure Means

GNDQ provides a geared version of the Nasdaq 100 for investors wanting a magnified stock exposure, with the leverage built into the fund's borrowing rather than into derivatives. The gearing amplifies both the upside and the downside of the index's technology-heavy holdings.