Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among equity funds would cost $461 (0.92% a year), so GNDQ is $201 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 100 securities · top 10 = 50.5%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −5.8 | −7.1 | −6.3 | 20.9 | 16.0 | 4.7 | −10.5 | 1.9 | 8.8 | −8.3 | 9.4YTD | ||
| 2025 | 2.7 | −6.8 | −12.7 | −0.3 | 14.4 | 6.0 | 8.5 | −1.9 | 4.6 | 10.2 | −3.9 | −2.6 | 16.0 |
| 2024 | 5.5 | 9.4 | 15.4 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
GNDQ questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF?
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF holds 100 securities, and its ten largest positions make up 50.5% of the fund, more concentrated than the 25.7% typical of equity funds. That makes it moderately diversified.
Its country exposure is almost entirely United States (100.0%), and its biggest sector is Information Technology at 59.9%, based on holdings as at 2 Sept 2026.
Which ETFs does GNDQ double up with most?
GNDQ shares the most holdings with Global X Nasdaq 100 Covered Call ETF (QYLD) (99% overlap), Betashares NASDAQ 100 ETF (NDQ) (98% overlap) and Betashares NASDAQ 100 ETF - Currency Hedged ETF (HNDQ) (98% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 99%, owning both GNDQ and QYLD would mostly double up on the same investments rather than spread your money further. Of these, NDQ has the lowest fee, at 0.48% a year against 0.50% for GNDQ.
How is Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF managed – active or passive?
Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
It is also geared: it borrows to magnify returns, so gains and losses are larger than the market's.
What will I pay in fees for GNDQ?
GNDQ charges a management fee of 0.50% a year, about $50 for every $10,000 invested. Only 40% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among equity funds, the median is 0.90%.
It is the cheapest of the 5 broad equity funds we track.
If you would rather have a manager choose the investments, active options such as Betashares US Equities Strong Bear Currency Hedged Complex ETF (BBUS) at 1.32% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.10% for GNDQ.
Does Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF follow a theme?
No. Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF is a broad equity fund: it aims to cover a wide slice of its market (United States) rather than one theme or sector.
What is under the hood of GNDQ?
As at 2 Sept 2026, GNDQ's largest holding is Betashares Nasdaq 100 ETF (149.1%). Some holdings are other ETFs, which we look through to their own holdings when measuring exposure and overlap.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for GNDQ's index are in the issuer's PDS. Its top 10 weighting of 50.5% compares with 25.7% for similar funds.
How well has Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF performed?
Based on its category, Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 7.9% over 1 year (median 1.4%; ranked 3 of 13). The medians and rankings compare it with equity funds. Since listing in 2024 it has returned 22.2% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for GNDQ; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.50% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.