US-listed · NASDAQ · FIF-eligible (above NZ$50K)
InvescoQQQInvesco QQQ Trust
Tracks the Nasdaq-100. Heavy tech weighting.
Updated Reviewed quarterly
About this fund
What is QQQ?
QQQ is the US-listed ticker for Invesco QQQ Trust, issued by Invesco. Tracks the Nasdaq-100. Heavy tech weighting. TER is 0.18% per year. Distributions are paid quarterly.
Next typical distribution: December.QQQ typically pays in Mar · Jun · Sep · Dec. Most recent verified distribution: US$0.8135 per unit, ex-date 2026-06-22. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy QQQ from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 HatchHatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 StakeStake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive BrokersInteractive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | US trading must be switched on by request, and covers a curated list of US securities — check this ticker is on it. |
 ASB SecuritiesASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is QQQ taxed for NZ investors?
QQQ is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000(source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to QQQ
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| FNZ | NZ Top 50 (FNZ) Smartshares · NZX | 0.50% | 3.2% | Semi-annual | PIE | QQQ vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · Unlisted | 0.25% | — | Quarterly | PIE | QQQ vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | 1.9% | Semi-annual | PIE | QQQ vs TNZ |
| VTI | VTI Vanguard · NYSE Arca | 0.03% | 1.0% | Quarterly | FIF | QQQ vs VTI |
| ARKK | ARKK ARK Invest · NYSE Arca | 0.75% | — | None | FIF | QQQ vs ARKK |
Distribution history
Recent distributions — QQQ
| Ex-date | Pay date | Per unit (USD) |
|---|---|---|
| 2026-06-22 | 2026-07-10 | US$0.8135 |
| 2026-03-23 | 2026-03-27 | US$0.7328 |
| 2025-12-22 | 2025-12-31 | US$0.7941 |
| 2025-09-22 | 2025-10-31 | US$0.6939 |
| 2025-06-23 | 2025-07-31 | US$0.5911 |
| 2025-03-24 | 2025-04-30 | US$0.7157 |
| 2024-12-23 | 2024-12-31 | US$0.8347 |
| 2024-09-23 | 2024-10-31 | US$0.6769 |
Source: Invesco distribution records, verified 2026-07-05. Amounts are cash distributions per unit before tax — verify against the issuer source before relying on a payment. QQQ typically distributes mar · jun · sep · dec; next typical month: December.
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
What is QQQ ETF?
The Invesco QQQ Trust (QQQ) tracks the Nasdaq-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq stock exchange. This makes QQQ one of the most technology-focused ETFs available.
Unlike the S&P 500 (which SPY and VOO track), the Nasdaq-100 excludes financial companies and has a much heavier concentration in technology, consumer discretionary, and communication services sectors.
Top 10 Holdings
Apple, Microsoft, NVIDIA, Amazon, Meta, Alphabet (Google), Tesla, Broadcom, Costco, Netflix — these top 10 holdings make up over 50% of the fund.
QQQ vs VGT: Which Tech ETF?
| Feature | QQQ | VGT |
|---|---|---|
| Expense Ratio | 0.20% | 0.10% |
| Focus | Nasdaq-100 (tech-heavy) | Pure tech sector |
| Holdings | 100 | 300+ |
| Includes Amazon? | Yes | No (consumer sector) |
| Includes Tesla? | Yes | No (auto sector) |
Bottom line: QQQ offers broader exposure to innovative companies across sectors, while VGT is a pure-play technology sector fund with lower fees.
How to Buy QQQ from New Zealand
Choose a Platform
QQQ is US-listed, so use Hatch, Stake, Sharesies, or Interactive Brokers. Interactive Brokers has the lowest fees on larger amounts.
Fund Your Account
Deposit NZD and convert to USD. Watch the FX spread — it's often the biggest hidden cost for Kiwi investors.
Search for QQQ
Search "QQQ" or "Invesco QQQ Trust". Current price is around US$520 per share (Jan 2026).
Place Your Order
Buy whole shares or fractional shares (platform dependent). Consider dollar-cost averaging for volatile tech exposure.
Tax Implications for NZ Investors
FIF Rules Apply
QQQ is a Foreign Investment Fund. If your total FIF holdings exceed $50,000 NZD, you'll need to calculate taxable income using FDR (5% of opening market value) or CV method.
US Withholding Tax
QQQ dividends (though small at ~0.5%) are subject to 15% US withholding tax under the NZ-US tax treaty. Complete a W-8BEN form to get this reduced rate.
QQQ: Pros & Cons for Kiwi Investors
Pros
- Exposure to large-cap US technology and consumer-discretionary companies
- Strong historical returns (outperformed S&P 500)
- Highly liquid with tight spreads
- Includes Amazon, Tesla (not in pure tech ETFs)
Cons
- ✕Higher volatility than broad market ETFs
- ✕Concentrated in few mega-cap stocks
- ✕Higher expense ratio than VOO/VTI (0.20% vs 0.03%)
- ✕No exposure to financials, energy, utilities
QQQ FAQs
Is QQQ a good long-term investment for NZ investors?
QQQ can be excellent for long-term growth, but it's more volatile than broad market ETFs. Many Kiwi investors use it as a growth "tilt" alongside a core holding like VTI or VOO, rather than their only investment.
What's the minimum investment for QQQ?
One share costs around US$520 (Jan 2026). However, Sharesies and Stake offer fractional shares, so you can start with as little as $1.
Should I buy QQQ or individual tech stocks?
QQQ gives you instant diversification across 100 companies. Picking individual stocks requires more research and carries higher risk if one company underperforms. For most investors, QQQ is the simpler choice.
FAQ
Common questions about QQQ
What is the QQQ ETF?⌄
QQQ is the Invesco QQQ Trust — an ETF tracking the Nasdaq-100 index, the 100 largest non-financial companies listed on Nasdaq. Heavily weighted toward technology (~50%+), with major positions in Apple, Microsoft, NVIDIA, Amazon, and Alphabet. ~US$280B AUM, 0.20% TER.
QQQ vs VGT — which captures US tech better?⌄
QQQ tracks the Nasdaq-100 (~50% tech, plus Tesla, Amazon, healthcare names). VGT tracks the MSCI US Investable Market Information Technology 25/50 index — a more concentrated pure-tech-sector ETF. QQQ is broader and more liquid; VGT is cheaper (0.10% vs 0.20% TER) and more tech-pure. See our QQQ vs VGT comparison.
Can NZ residents buy QQQ?⌄
Yes — via Hatch, Stake, Sharesies (US market), and Interactive Brokers. As a US-listed ETF, QQQ is subject to NZ FIF rules above NZ$50,000 cost base. Dividends carry 15% US withholding with a W-8BEN. There is no NZX-listed equivalent of the Nasdaq-100 currently — Smartshares does not run a comparable wrapper.
Is QQQ riskier than SPY?⌄
QQQ is more concentrated than SPY — about 50% in technology vs SPY's 28%. Historically that has meant higher returns in tech-led bull markets and larger drawdowns in tech-led corrections (e.g. 2000-2002, 2022). Past performance is not indicative of future results; concentration risk should be considered against your overall portfolio mix.
Where to buy QQQ from New Zealand
The platforms below all support QQQ. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch
Sharesies
Interactive Brokers
Stake
Tiger BrokersFees + platform details verified against each provider's published rate card. Always check the current schedule before transacting.Full platform comparison →
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Sources for this QQQ data
The figures on this page come from the documents below. We do not pull live prices; the data is reviewed against issuer fact sheets and exchange listings (last reviewed 2026-05-02). Which figures have been checked against the issuer by machine, rather than by eye, is stated below — an unchecked figure is labelled as such rather than left ambiguous.
- ○Total expense ratioNot independently verified — check the issuer documents below before relying on it. We review unsourced figures by 2027-03-04; if no issuer publishes one by then, this figure is removed rather than left standing.
Issuer product page
invesco.com/qqq-etf/en/home.html
Fact sheet (PDF)
invesco.com/qqq-etf/en/about.html
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Compare
QQQ against the alternatives
7 side-by-side comparisons covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| QQQ vs SPYM | SPYM | 0.02% |
| QQQ vs VTI | VTI | 0.03% |
| QQQ vs VGT | VGT | 0.09% |
| QQQ vs QQQM | QQQM | 0.15% |
| QQQ vs SOXX | SOXX | 0.33% |
| QQQ vs JEPQ | JEPQ | 0.35% |
| QQQ vs USG | US Growth (USG) | 0.51% |
Related ETFs and resources
How to invest in the Nasdaq 100 from NZ
QQQ vs QQQM, which NZ broker, the fee difference, and FIF tax — step by step.
VGT — pure tech alternative
300+ US IT-sector stocks, 0.09% TER vs QQQ 0.18%.
QQQ vs VGT comparison
Nasdaq-100 vs pure tech, side-by-side.
SPY — broader US equity
S&P 500 large-cap (less tech-concentrated).
How to buy US ETFs from NZ
Hatch, Stake, Sharesies, IB.
FIF tax explained
When the FIF regime kicks in (NZ$50K threshold) + how it lands on your IR3.
NZ-listed ETFs (no FIF)
PIE-tax alternatives via Smartshares + Kernel.
