Ultra Long Nasdaq 100 Hedge Fund (LNAS) – Global X ETFs Australia

LNAS


Ultra Long Nasdaq 100 Hedge Fund

Reasons to Consider LNAS

Experienced Portfolio Managers

LNAS's portfolio managers have extensive track records in actively managing derivatives to implement their investment strategy.

Currency Hedged

LNAS is currency hedged, meaning that exposure to currency movements between the U.S. dollar and the Australian dollar is reduced, though not necessarily eliminated.

Efficient Derivatives Execution

LNAS buys futures contracts on the Nasdaq-100 Index, saving investors the time and potential expense of doing so individually.

Product Information As of 17 Apr 2024

Inception Date 10 Jul 2020
Management Costs (% p.a.) 1.00
Currency Hedged Yes
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 17 Apr 2024

NAV/Unit (A$) 9.83280000
Currency (NAV) AUD
Shares Outstanding 7,044,302
AUM (A$) 69,265,378.06
NAV History File View

Product Summary

The Global X Ultra Long Nasdaq 100 Hedge Fund (LNAS) is an actively managed fund that aims to provide investors with geared returns that are positively related to the returns of the Nasdaq-100 Index by investing primarily in a portfolio of long E-mini Nasdaq-100 Futures contracts listed on the Chicago Mercantile Exchange.

Product Objective

The Global X Ultra Long Nasdaq 100 Hedge Fund (LNAS) seeks to provide investors with positively geared exposure to the Nasdaq-100 Index.

Trading Details

Ticker LNAS
Bloomberg Code LNAS AU Equity
ISIN AU0000087728
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited

Distributions

Distribution Frequency Annually
Distribution History View

Exposure

Exposure Range 200% to 275%
Current Portfolio Exposure 237.53%

Performance Table As of 17 Apr 2024

Total Return (Fund) Total Return (Benchmark)
1 Month -5.06% 0.54%
3 Months 7.42% 6.54%
1 Year 69.11% 40.46%
3 Year p.a. 0.66% 15.40%
5 Year p.a. -- --
10 Year p.a. -- --
Since Inception p.a. 15.35% 16.91%

Research

FAQs

  • What is the Nasdaq-100 Index?

    The Nasdaq-100 Index is one of the world’s preeminent large-cap growth indices, featuring some of the planet’s most iconic companies. It includes 100 of the largest U.S. domestic and international non-financial companies listed on the Nasdaq Stock Markets based on market capitalisation.

    With a market cap of US$15t at the end of 2020, the Nasdaq-100 has a proven history of growth, impact and performance.

    The Nasdaq-100 Index is home to some of the world’s most innovative companies—including Apple, Google, Intel and Tesla.

    Technology companies account for more than 50% of the index’s weight, but all listed companies are disrupting markets with innovative new technologies and/or have a history of accelerating change with out-of-the-box ideas and robust solutions.
  • How does LNAS work?

    LNAS achieves its exposure to the Nasdaq-100 Index primarily using derivatives. It invests primarily in a portfolio of long E-mini Nasdaq-100 Futures contracts listed on the Chicago Mercantile Exchange. Derivatives such as futures provide gearing or leverage because they offer market exposure in excess of the amount that is required to be invested upfront when entering into the contracts. When opening a long futures position, the upfront cost is zero, although there are transaction costs to be paid and an initial margin amount to be posted by LNAS. This margin amount is adjusted up or down daily depending on whether the contracts have generated a loss or a gain.

    As the Nasdaq-100 moves up and down, the amount of gearing in the fund changes and the fund manager needs to rebalance the exposure to ensure it remains within the target range. Currency hedging is achieved by entering into foreign exchange forward contracts whereby the fund contracts to sell U.S. dollars and buy Australian dollars at an agreed rate on a fixed future date.
  • What key risks are associated with LNAS?

    All investments carry the risk of loss. LNAS is designed to magnify positive performance when the Nasdaq-100 experiences gains, but it will also magnify losses when the Nasdaq-100 falls.

    Over longer periods of time, due to the effects of rebalancing and compounding, the performance of LNAS is not likely to exactly replicate the Nasdaq-100 return multiplied by the target exposure.

    The investment performance will depend primarily upon the general direction of the index (up or down), and the amount of exposure to the index (leverage) within the target range at any point in time, and will also depend on the path the LNAS portfolio takes to achieve its returns. Performance can suffer in volatile markets.

    Investors in LNAS will not experience losses beyond the sum they have invested.
  • How could LNAS be used?

    Geared or leveraged funds such as LNAS are commonly used by highly experienced investors and traders to gain short-term market exposure. Due to their ability to amplify returns, they require less capital to be committed upfront than traditional investments, which makes them attractive to different types of users.

    A trading product like LNAS may often be used to express a high conviction view around future performance or outcomes of upcoming events, such as economic data releases or earnings announcements.

    LNAS may be used as a speculative stand-alone position or to implement temporary shifts in asset allocation. Positions may be taken over less than a day.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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