Highlights

  • NDQ aims to follow the Nasdaq-100 Index before fund costs.
  • The benchmark covers major non-financial Nasdaq-listed businesses.
  • Technology-related companies represent an important component of exposure.
  • The disclosed annual management fee is 0.48%.
  • Currency movements and sector concentration affect fund results.

Betashares Nasdaq 100 ETF (ASX:NDQ) is an exchange-traded fund designed to track the Nasdaq-100, an index of major non-financial companies listed on the Nasdaq market. Its units traded at $85.34 at the time of writing on 30 October 2026, down 0.54% for the session. The fund's mandate links its performance to an index containing a significant range of technology and other growth-oriented businesses, rather than to the operating performance of one Australian company.

What the Nasdaq-100 Represents

The Nasdaq-100 includes 100 of the largest non-financial companies listed on Nasdaq under the index's eligibility and weighting methodology. Betashares Nasdaq 100 ETF (ASX:NDQ) seeks to track the benchmark before fees and expenses, giving its holdings a structure determined by index membership and weight. It therefore does not promise that each constituent will make an equivalent contribution to returns.

Although commonly associated with technology, the benchmark is not restricted to one sector. Companies within consumer-facing activities and other eligible non-financial industries can also feature. Its composition nevertheless creates notable exposure to technology-related business models. This matters because developments affecting large index constituents can influence fund performance even when other holdings move in different directions.

A benchmark-tracking ETF also differs from a conventional operating company. The fund does not generate revenue through selling its own technology products; its purpose is to hold a portfolio of securities according to the index objective.

Understanding Holdings and Fund Charges

Betashares reported an annual management fee and cost figure of 0.48% for NDQ. The issuer also described a semi-annual distribution frequency and the availability of a distribution reinvestment plan. These are structural features of the fund rather than forecasts of any future payment amount.

The fund's return is designed to reflect the index before fees and expenses. In practice, market prices, expenses, distributions and timing differences can cause quoted-unit returns to differ from a simple benchmark-price comparison. A fund's published net asset value is also a separate measure from the market price at which a unit changes hands during an ASX trading session.

Changes in benchmark constituents or their weights can alter portfolio exposures without a change in the fund's stated objective. The index may add or remove securities during scheduled reviews in accordance with its rules, and changes in constituent prices also affect relative weights.

Global Market and Currency Factors

The portfolio's underlying businesses are listed in the United States, whereas the fund's ASX units are quoted for Australian trading. This makes currency translation relevant when interpreting returns for Australian-dollar investors. Movements in the Australian dollar can affect the translated value of overseas assets independently of any change in the underlying companies' share prices.

Technology-related companies may respond to changes in corporate capital spending, product demand, financing conditions and operating margins. Those developments are company-specific and cannot be inferred from a single day's ETF price movement. Broader market movements can also affect many constituents together.

The fund's indexing approach introduces concentration considerations because the largest constituents account for a greater share of portfolio exposure. A portfolio containing numerous securities can therefore still be sensitive to developments among a comparatively small number of large holdings.

Key Insights

Betashares Nasdaq 100 ETF (ASX:NDQ) provides a benchmark-led way of measuring exposure to large Nasdaq-listed non-financial companies. Its performance depends on index returns, associated currency movements and implementation costs, not on the earnings of a single fund business. For Betashares Nasdaq 100 ETF (ASX:NDQ), sector weights and constituent concentration remain key features of the investment structure.