Futures Do the Lifting: How Global X LNAS (ASX:LNAS) Geared the Nasdaq 100

Sonal Goyal

28 October 2026 12:31 PM AEDT

Futures Do the Lifting: How Global X LNAS (ASX:LNAS) Geared the Nasdaq 100

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Key Highlights

Global X Ultra Long Nasdaq 100 Complex ETF (ASX:LNAS) aims to achieve geared exposure to the Nasdaq 100 Index through long futures contracts.
The portfolio is held through E-mini Nasdaq 100 Future Dec 26, which represents 228.41% of assets.
The fund has a management fee of 1.00% and a fund size of $74.03 million.

As of 27 October, Global X Ultra Long Nasdaq 100 Complex ETF (ASX:LNAS) manages $74.03 million and uses long futures contracts to create geared exposure to the Nasdaq 100. It has traded since 13 July 2020 and charges 1.00%.

Key Fact	Detail
Fund	Global X Ultra Long Nasdaq 100 Complex ETF
ASX code	LNAS
Issuer	Global X
Category	Equity North America
Benchmark	NASDAQ 100 TR USD
ISIN	AU0000087728
Admitted to the ASX	13 July 2020
Fund size	$74.03 million
Management fee	1.00%
Holdings	Five holdings
Latest distribution	Final, $4.891 per unit (ex-date 2 Jul 2026; payment 16 Jul 2026)

The Futures Structure

The fund attempts to meet its objective primarily by investing in a portfolio of long futures contracts, aiming for geared exposure to the index within a target range, and it may also hold securities, cash and cash equivalents. The portfolio's single large position is the E-mini Nasdaq 100 Future Dec 26, at 228.41%, offset by negative cash of 128.41%.

Look-Through Profile

Look-through sector weights mirror the Nasdaq 100: technology 60.23%, communication services 12.57% and consumer cyclical 10.05%. All holdings are above $1 billion in market capitalisation, and the United States accounts for 97.44% of exposure. The fund is benchmarked to the NASDAQ 100 TR USD index.

Portfolio Snapshot

In terms of company size, 100% of the portfolio is in companies above $1 billion in market capitalisation.

Distribution Schedule

The most recent distribution on record is a final distribution of $4.891 per unit, with an ex-date of 2 July 2026, a record date of 3 July 2026 and payment on 16 July 2026.

Recent Filings

On the filings front, the appointment of Citigroup Pty Limited as fund service provider on 15 October 2026, an annual financial report on 28 September 2026 and annual statements on 16 September 2026.

Category Context

Global X Ultra Long Nasdaq 100 Complex ETF is classified as Equity North America. Funds in this category invest in the securities of companies listed in the USA and/or Canada, and securities from these countries typically account for at least 75% of the portfolio.

Benchmark and Listing History

The fund is benchmarked to the NASDAQ 100 TR USD index. The fund has been listed since 13 July 2020, a period of about 6 years. It is issued by Global X under ISIN AU0000087728. The management fee is 1.00%.

Reading the Distribution Dates

The ex-date is the first day on which units trade without the right to the next distribution. The record date is when entitlements are determined from the register, and the payment date is when the distribution is paid to eligible holders.

Final Takeaway

LNAS uses futures to lift Nasdaq 100 exposure beyond its capital base. The latest distribution was a final payment of $4.891 per unit on 16 July 2026.

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