ASX-listed · AUD-settled · FIF-eligible (above NZ$50K)
BetaShares NASDAQ 100 ETF
Australian-domiciled fund tracking the Nasdaq-100. Same underlying index as QQQ / QQQM but ASX-listed and AUD-settled.
Updated Reviewed quarterly
About this fund
What is NDQ.AX?
NDQ.AX is the ASX ticker for BetaShares NASDAQ 100 ETF, issued by BetaShares (Australian-domiciled). Australian-domiciled fund tracking the Nasdaq-100. Same underlying index as QQQ / QQQM but ASX-listed and AUD-settled. TER is 0.48% per year, with a trailing 12-month distribution yield of approximately 0.4%. Distributions paid annual in AUD.
How to buy
Where can I buy NDQ.AX from New Zealand?
Sharesies NZ + AU + US in one account; tiered subscription pricing.
Tiger Brokers NZ-licensed; covers ASX + NZX + US + HKEX.
Interactive Brokers Lowest published FX margin for ASX trades; tiered commissions.
Jarden Direct CHESS-sponsored ASX holdings; in your own name on the ASX register.
ASB Securities CHESS-sponsored ASX; integrated with ASB banking.
BNZ Direct Broking CHESS-sponsored ASX; bank-anchored brokerage.
Hatch is not on this list — Hatch supports US-listed ETFs only, not ASX. See the full platform comparison for fees, minimums, and supported markets across all 11 NZ-accessible brokers.
NZ tax
How is NDQ.AX taxed for NZ investors?
ASX-listed ETFs are non-NZ-domiciled, so they sit in the Foreign Investment Fund (FIF) regime once your overseas-share holdings exceed NZ$50,000 cost basis. Below that threshold, you pay tax on dividends only. Above it, most NZ investors use the Fair Dividend Rate (FDR) method — deemed income = 5% × opening market value × your marginal tax rate.
Distributions are paid in AUD. Australian withholding tax applies under the NZ-Australia tax treaty (typically 15% with a TFN supplied to your broker). The 15% can be claimed as a foreign tax credit on your IR3, similar to US dividends.
Currency exposure: NDQ.AX settles in AUD. NZ residents face NZD/AUD currency variance when valuing positions in NZD, and (for AU-domiciled funds investing in non-AUD assets) further AUD-vs-underlying-currency variance inside the fund.
ASX-listed ETFs do NOT carry the NZ PIE-fund tax advantages — that structure is only available on NZX-listed Smartshares + Kernel funds. See PIE vs FIF for the comparison and consult a registered NZ tax adviser for personalised guidance.
FAQ
Common questions about NDQ.AX
What is NDQ.AX? ⌄
NDQ.AX is the BetaShares NASDAQ 100 ETF — Australian-domiciled, tracks the Nasdaq-100 Index (~100 large non-financial Nasdaq-listed stocks: Apple, Microsoft, Nvidia, Amazon, Meta, etc). TER is 0.48%, distributions paid annually. Yield ~0.4% (low because most Nasdaq-100 names reinvest rather than pay dividends).
NDQ.AX vs QQQ or QQQM (US-listed) — for NZ investors? ⌄
Same Nasdaq-100 underlying. NDQ.AX is AUD-settled on the ASX with 0.48% TER; QQQ (Invesco) is USD-settled on the Nasdaq with 0.20% TER; QQQM (Invesco) is USD-settled with 0.15% TER. The ASX wrapper carries an extra ~0.30 percentage points/year cost relative to QQQM — meaningful over decades. For NZ investors who want AUD settlement (often because they already trade ASX), NDQ.AX is convenient. For pure cost minimisation, QQQM wins.
Why does NDQ.AX pay distributions only annually? ⌄
Australian-domiciled ETFs typically distribute annually in line with AU tax-year mechanics, while US-domiciled ETFs distribute quarterly. Annual distribution means a single, larger AUD payment each year rather than four smaller ones. NZ FIF tax timing is unaffected (FDR computes deemed income from opening market value, not actual distributions).
Where can I buy NDQ.AX from NZ? ⌄
Sharesies, Tiger Brokers NZ, Jarden Direct, ASB Securities, BNZ Direct Broking, and Interactive Brokers all support ASX. Hatch is US-only. Settles in AUD; supply a TFN for the 15% NZ-AU treaty withholding on the annual distribution.
Related ETFs and resources
QQQM — Invesco Nasdaq-100 (US-listed, 0.15% TER)
Lower-cost US-listed alternative tracking the same Nasdaq-100.
QQQ — Invesco Nasdaq-100 (US-listed, high-liquidity)
Higher-liquidity QQQ for active traders.
IVV.AX — S&P 500 (ASX-listed)
Broader US-equity exposure on the ASX.
NZ-listed Nasdaq alternatives
Smartshares + Kernel global growth funds on NZX (PIE-tax).
NZ investment platforms compared
Which brokers support ASX from NZ.