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LENDAU VanEck Global Listed Private Credit (AUD Hedged) ETF Please read important disclosure Close important disclosure false

    • LEND
    VanEck Global Listed Private Credit (AUD Hedged) ETF

    LEND
    VanEck Global Listed Private Credit (AUD Hedged) ETF

    • NAV
      $15.78

      as at 18-Feb-26
    • Total Net Assets
      $231.36M
    • Dividend Frequency
      Monthly
    • Management fee (p.a.)
      0.65%
    • Number of securities
      25
    • Inception Date
      31-Jan-24
    The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 3pm next business day.
    Lend

    Overview

    Fund Description

    LEND gives investors exposure to a portfolio of 25 of the largest listed companies involved in private credit. LEND aims to provide investment returns before fees and other costs which track the performance of the Index with returns hedged into Australian dollars.

    Key benefits

    Global listed private credit exposure

    Invest in the world’s largest listed private credit companies, with a portfolio that provides true diversification and a targeted exposure.

    High-income potential

    Private credit has proven to be an attractive alternative source of high income historically, commensurate with risk.

    Exposure to a growing and sought-after asset class

    Access via an ETF removes the barriers traditionally associated with this asset class.

    Australian dollar currency hedged
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has no investment timeframe, and has a high or very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has no minimum investment timeframe, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has no minimum investment timeframe, and has a low risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 18-Feb-26 Download all holdings

    No. of holdings: 25
    Holding name
    Ticker
    No. of securities held
    		 Market value % of Fund net
    assets
    Main Street Capital Corp MAIN US 211,781 17,973,832 7.77
    Ares Capital Corp ARCC US 632,202 17,351,583 7.50
    Blackstone Secured Lending Fund BXSL US 485,737 16,848,314 7.28
    Blue Owl Capital Corp OBDC US 1,028,918 16,804,301 7.26
    Fs Kkr Capital Corp FSK US 863,569 16,387,295 7.08
    Golub Capital BDC Inc GBDC US 942,480 16,365,460 7.07
    Hercules Capital Inc HTGC US 679,567 15,336,380 6.63
    Sixth Street Specialty Lending Inc TSLX US 424,963 11,567,501 5.00
    Prospect Capital Corp PSEC US 2,117,808 9,103,699 3.93
    Morgan Stanley Direct Lending Fund MSDL US 390,412 8,722,439 3.77
    Capital Southwest Corp CSWC US 258,444 8,412,585 3.64
    Trinity Capital Inc TRIN US 340,368 7,484,052 3.23
    Goldman Sachs BDC Inc GSBD US 513,196 6,741,502 2.91
    Oaktree Specialty Lending Corp OCSL US 396,143 6,738,687 2.91
    Midcap Financial Investment Corp MFIC US 419,610 6,657,273 2.88
    Barings BDC Inc BBDC US 472,927 6,125,581 2.65
    Bain Capital Specialty Finance Inc BCSF US 291,730 5,647,318 2.44
    Tcg BDC Inc CGBD US 327,863 5,465,928 2.36
    New Mountain Finance Corp NMFC US 463,918 5,431,619 2.35
    Pennantpark Floating Rate Capital Ltd PFLT US 446,208 5,413,552 2.34
    Slr Investment Corp SLRC US 245,346 5,193,480 2.24
    Fidus Investment Corp FDUS US 163,824 4,348,100 1.88
    Crescent Capital BDC Inc CCAP US 166,365 3,239,318 1.40
    Cion Investment Corp CION US 232,378 2,835,721 1.23
    Blackrock Tcp Capital Corp TCPC US 381,552 2,584,324 1.12
    Other/Cash --   2,584,012 1.12
    Total 100.00
    These are not recommendations to buy or to sell any security.

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.

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