Nasdaq-100 With a Twist: Examining Betashares QMAX (ASX:QMAX)

Sonal Goyal

28 October 2026 12:31 PM AEDT

Nasdaq-100 With a Twist: Examining Betashares QMAX (ASX:QMAX)

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Key Highlights

Betashares Nasdaq 100 Yield Maximiser Complex ETF (ASX:QMAX) aims to provide Nasdaq 100-linked exposure through a Yield Maximiser complex ETF.
Technology is the largest sector at 58.78%.
The fund has a fund size of $44.63 million.

As of 27 October, Betashares Nasdaq 100 Yield Maximiser Complex ETF (ASX:QMAX) has $44.63 million in assets and is benchmarked to the NASDAQ 100 AUD index. It has traded since 7 October 2022 and is categorised as Equity North America.

Key Fact	Detail
Fund	Betashares Nasdaq 100 Yield Maximiser Complex ETF
ASX code	QMAX
Issuer	Betashares
Category	Equity North America
Benchmark	NASDAQ 100 AUD
Admitted to the ASX	7 October 2022
Fund size	$44.63 million
Management fee	Not disclosed
Holdings	Not disclosed
Latest distribution	Monthly distribution of $0.166 per unit for October 2026

A Complex ETF Linked to Derivatives

The fund's classification as a complex ETF and its monthly notional derivatives exposure report, lodged on 2 October 2026 for September, indicate that derivatives form part of its structure. Its distributions are monthly, with $0.166 per unit recorded for October 2026 and a distribution timetable published on 26 October.

Sector and Geography

Technology is 58.78% of the portfolio, with communication services at 12.93%, consumer cyclical at 11.13% and consumer defensive at 6.35%. The United States accounts for 97.29%, with Canada at 0.93%, the Netherlands at 0.88% and Brazil at 0.43%. Stocks make up 99.89% of the portfolio, and all holdings are above $1 billion in market capitalisation.

Further Portfolio Detail

By market capitalisation, 100% of the portfolio is in companies above $1 billion in market capitalisation.

Payment Timetable

Distribution timetable: monthly distribution of $0.166 per unit for October 2026.

Announcements to Note

Lodgements with the ASX have included a distribution timetable on 26 October 2026, a monthly notional derivatives exposure report for September 2026 on 2 October, a DRP issue price and a final distribution announcement on 1 October 2026.

Where the Fund Sits

Betashares Nasdaq 100 Yield Maximiser Complex ETF is classified as Equity North America. Funds in this category invest in the securities of companies listed in the USA and/or Canada, and securities from these countries typically account for at least 75% of the portfolio.

Index and Track Record Length

The fund has been listed since 7 October 2022, a period of about 4 years. Its stated benchmark is the NASDAQ 100 AUD index, and the issuer is Betashares.

What the Dates Mean

Three dates matter for each distribution: the ex-date, after which new buyers do not qualify for the payment; the record date, when entitlements are set from the register; and the payment date, when the money is paid.

Final Takeaway

QMAX combines a technology-heavy Nasdaq 100 portfolio with a derivatives-based income structure and monthly distributions.

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