If you want long term hold exposure to the NASDAQ 100, NDQ is...

If you want long term hold exposure to the NASDAQ 100, NDQ is the better vehicle.
NDQ (with $5.4 billion) in assets is orders of magnitude larger than LNAS ($74 million).
NDQ (MER 0.38%) is cheaper than LNAS (MER 1%) and it all adds up over time.

Based on the Globax's own performance data, they have delivered a 3-year Total Return of 2.46% pa, whereas betashares report a 3-year total return of 13.61%.

Obvious question, why would you even bother with an internally geared ETF when it underperforms both its ungeared competitor and their benchmark (particularly at a time when the NASDAQ has performed reasonably OK).

My final point is that Internal Gearing is not necessary.
You can organise you desired level of gearing (according to you risk appetite) by borrowing funds (say 50% margin loan 50% equity - or as the pros would say, ride the Capital Allocation Line).
NDQ is marginable at Commsec (LVR 75%) but they dont want to know about LNAS (LVR 0%).
Obviously, with external gearing you also enjoy interest tax-deductibility