Updated Reviewed quarterly
ASD vs AUS: ETF Comparison
ASD · Smartshares
TER 0.54% · Yield 3.3%
AUS · Smartshares
TER 0.30% · Yield 2.4%
Both ASD and AUS are NZX-listed PIE-wrapped funds. Distributions are taxed in-fund at your Prescribed Investor Rate (max 28%) and Foreign Investment Fund (FIF) rules do not apply to either. The choice is about exposure, fee, and issuer — not tax wrapper.
In 30 seconds: ASD (Smart Australian Dividend ETF, Smartshares) trades on the NZX at 0.54% TER. AUS (Smart Australian Top 200 ETF, Smartshares) trades on the NZX at 0.30% TER. Both ASD and AUS are NZX-listed PIE-wrapped funds. Distributions are taxed in-fund at your Prescribed Investor Rate (max 28%) and Foreign Investment Fund (FIF) rules do not apply to either. The choice is about exposure, fee, and issuer — not tax wrapper.
- ASD: Smart Australian Dividend ETF — 0.54% TER, PIE (max 28% PIR)
- AUS: Smart Australian Top 200 ETF — 0.30% TER, PIE (max 28% PIR)
- ASD yield: 3.3% (Semi-annual)
- AUS yield: 2.4% (Semi-annual)
- Cheaper TER: AUS
Head-to-head comparison
| Feature | ASD | AUS |
|---|---|---|
| Fund | Smart Australian Dividend ETF | Smart Australian Top 200 ETF |
| Issuer | Smartshares | Smartshares |
| Exchange | NZX | NZX |
| Total expense ratio | 0.54% | 0.30% |
| Dividend yield (TTM) | 3.3% | 2.4% |
| Distribution frequency | Semi-annual | Semi-annual |
| NZ tax wrapper | PIE (max 28% PIR) | PIE (max 28% PIR) |
Where to buy
ASD trades on the NZX — buy via any NZX broker (Sharesies, InvestNow, Invest Direct, ASB Securities). AUS trades on the NZX — buy via any NZX broker (Sharesies, InvestNow, Invest Direct, ASB Securities). See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between ASD and AUS?▾
ASD (Smart Australian Dividend ETF) charges 0.54% TER vs AUS (Smart Australian Top 200 ETF) at 0.30%. Both are issued by Smartshares. Both ASD and AUS are NZX-listed PIE-wrapped funds. Distributions are taxed in-fund at your Prescribed Investor Rate (max 28%) and Foreign Investment Fund (FIF) rules do not apply to either. The choice is about exposure, fee, and issuer — not tax wrapper.
Which has the lower fee, ASD or AUS?▾
AUS is cheaper at 0.30% TER vs ASD at 0.54% — a gap of 0.24 percentage points.
Which yields more, ASD or AUS?▾
ASD trailing 12-month yield is 3.3%; AUS is 2.4%. Headline yield is gross; after-tax outcome depends on your tax wrapper (PIE (max 28% PIR) for ASD, PIE (max 28% PIR) for AUS).
Can NZ residents buy both ASD and AUS?▾
Yes. ASD is available via any NZX broker (Sharesies, InvestNow, Invest Direct, ASB Securities). AUS is available via any NZX broker (Sharesies, InvestNow, Invest Direct, ASB Securities).
How does NZ tax differ between ASD and AUS?▾
ASD is PIE (max 28% PIR). AUS is PIE (max 28% PIR). Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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