VanEck Global Listed Private Credit (AUD Hedged) 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 Global ex-Australia equity funds would cost $296 (0.59% a year), so LEND is $57 dearer.
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 3 Sept 2026 · 25 securities · top 10 = 67.2%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1 | −8.3 | −3.1 | 5.9 | −1.9 | 0.5 | −0.5 | 7.8 | −3.4 | −5.7 | −9.4YTD | ||
| 2025 | 3.5 | −0.0 | −2.7 | −6.3 | 4.0 | 0.9 | 2.7 | −1.5 | −6.4 | −1.9 | 2.9 | −1.1 | −6.5 |
| 2024 | 0.5 | 2.7 | 2.8 | 1.5 | 0.2 | 0.9 | −3.6 | 1.1 | 1.0 | 1.9 | 1.0 | 10.4 |
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.
LEND questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is VanEck Global Listed Private Credit (AUD Hedged) ETF?
VanEck Global Listed Private Credit (AUD Hedged) ETF holds 25 securities, and its ten largest positions make up 67.2% of the fund, more concentrated than the 35.9% typical of Global ex-Australia equity funds. That makes it fairly concentrated.
Its country exposure is almost entirely United States (100.0%), based on holdings as at 3 Sept 2026.
Which ETFs does LEND double up with most?
LEND shares the most holdings with VanEck Global Listed Private Equity ETF (GPEQ) (19% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing LEND with one of them adds some genuinely different holdings.
How is VanEck Global Listed Private Credit (AUD Hedged) ETF managed – active or passive?
VanEck Global Listed Private Credit (AUD Hedged) ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Global ex-Australia equity funds, active funds charge a median 0.75% a year and index funds 0.45%.
What will I pay in fees for LEND?
LEND charges a management fee of 0.65% a year, about $65 for every $10,000 invested. Only 27% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Global ex-Australia equity funds, the median is 0.55%.
Lower-cost funds with a similar focus include Vanguard MSCI Index International Shares ETF (VGS) at 0.18%, Vanguard MSCI Index International Shares (Hedged) ETF (VGAD) at 0.21% and iShares Global 100 ETF (IOO) at 0.40%.
If you would rather have a manager choose the investments, active options such as Vinva Global Alpha Fund - Active ETF (V1AC) at 1.35% and Hyperion Global Growth Companies Fund - Active ETF (HYGG) at 0.70% 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 0.28% for LEND.
Does VanEck Global Listed Private Credit (AUD Hedged) ETF follow a theme?
No. VanEck Global Listed Private Credit (AUD Hedged) ETF is a broad equity fund: it aims to cover a wide slice of its market (Global ex-Australia) rather than one theme or sector.
What is under the hood of LEND?
As at 3 Sept 2026, LEND's ten largest holdings are Fs Kkr Capital Corp (8.2%), Main Street Capital Corp (7.9%), Hercules Capital Inc (7.9%), Ares Capital Corp (7.6%), Blue Owl Capital Corp (7.5%), Blackstone Secured Lending Fund (7.4%), Golub Capital BDC Inc (7.2%), Sixth Street Specialty Lending Inc (4.7%), Trinity Capital Inc (4.5%) and Capital Southwest Corp (4.2%). Together they make up 67.2% of the fund.
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 LEND's index are in the issuer's PDS. Its top 10 weighting of 67.2% compares with 35.9% for similar funds.
How well has VanEck Global Listed Private Credit (AUD Hedged) ETF performed?
Based on its category, VanEck Global Listed Private Credit (AUD Hedged) ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −7.4% over 1 year (median 6.3%; ranked 103 of 121). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2024 it has returned −2.4% 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 LEND; 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 0.65% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.