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Vaneck Global Listed Private Credit $A Hedged ETF (LEND)

LEND $14.39

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Today ▲ 1.05%
1 year return ▼ -16.77%
Volume 12,733
Div yield —
PE ratio —
52 week range
13.64 18.40

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Performance

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ASX:LEND chart by TradingView

Share price activity

Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
Last (Price)
14.39
Change
▲ 0.15 (1.05)
Bid / Ask
14.27 - 14.80
Volume
12,733
Turnover
184,064
Open
14.40
Day Range
14.37 - 14.49
VWAP
14.46
Prev Close
14.24
Last Trade
30/10 4:10pm

Fund profile

Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.

Fund size

$143.2M

OCT 2026

Total cost ratio

5.57%

per year

Distributions

Monthly

Since inception

2.7 yrs

JAN 2024

Legal name
VanEck Global Listed Private Credit (AUD Hedged) ETF
Issuer
VanEck Investments Limited
Type
Exchange-Traded Fund
Structure
Open Ended Investment Company
Management style
Index fund
Morningstar category
Miscellaneous
Category index
Morningstar AUD 1M Cash GR AUD
Benchmark
LPX Listed Pvt Credit Hed TR AUD
ETF net assets
$143.2M
Units on issue
14.6M
Management fee
0.65% p.a.
Domicile
Australia
Base currency
AUD
ISIN
AU0000317414
Inception
31 JAN 2024
Listed
2 FEB 2024

Objective and strategy

LEND employs a passive management strategy of investing directly in the assets that comprise the Reference Index.

Asset allocation · 30 SEP 2026

Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.

US equity 99.14%Non-US equity 0.00%

Asset class Net % Long % Short %
Equity 99.14 99.14 0.00
Bond -1.61 0.00 1.61
Cash 2.47 2.47 0.00
Other 0.00 0.00 0.00

Sector exposure

Displays the share of the fund held in each sector, sourced from Morningstar.

Cyclical 100.00%Sensitive 0.00%Defensive 0.00%

Financial Services
100.00%
Basic Materials
0.00%
Consumer Cyclical
0.00%
Real Estate
0.00%
Communication Services
0.00%
Energy
0.00%
Industrials
0.00%
Technology
0.00%
Consumer Defensive
0.00%
Healthcare
0.00%
Utilities
0.00%

Region exposure

Displays the share of the fund held in each region, sourced from Morningstar.

Developed markets 100.00%Emerging markets 0.00%

North America
100.00%
Latin America
0.00%
United Kingdom
0.00%
Europe Developed
0.00%
Europe Emerging
0.00%
Africa / Middle East
0.00%
Japan
0.00%
Australasia
0.00%
Asia Developed
0.00%
Asia Emerging
0.00%

Country exposure

Displays the twelve countries the fund holds most of, sourced from Morningstar.
United States
100.00%

Style box

Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
Style
Small Value

Size score

-18

Small Mid Large

Value-growth score

-100

Value Blend Growth

Market capitalisation

Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
Giant
0.00%
Large
0.00%
Mid
0.00%
Small
31.50%
Micro
68.50%

Small 31%Micro 69%

Average market cap
$3.37B
Number of holdings
29
Shares held
25

Portfolio statistics · 22 OCT 2026

Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
Price / earnings
13.92
Price / book
0.85
Price / sales
10.68
Dividend yield
12.16%
Assets in top 10
68.02%
Return on equity
5.87%
Net margin
70.55%
Earnings growth (3 yr)
15.96%

Top holdings · top 10 = 70.58% of assets

Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
Holding % Weight First bought Market value Currency Units held Sector Country
Main Street Capital Corp MAIN 8.35 JAN 2024 17.8M USD 225,241 Financial Services United States
Hercules Capital Inc HTGC 8.34 JAN 2024 17.8M USD 735,996 Financial Services United States
FS KKR Capital Corp FSK 8.15 JAN 2024 17.4M USD 1.1M Financial Services United States
Ares Capital Corp ARCC 8.08 JAN 2024 17.2M USD 627,924 Financial Services United States
Blackstone Secured Lending Fund Ordinary Shares BXSL 7.94 JAN 2024 16.9M USD 491,281 Financial Services United States
Golub Capital BDC Inc GBDC 7.76 JAN 2024 16.6M USD 912,544 Financial Services United States
Blue Owl Capital Corp Ordinary Shares OBDC 7.67 JAN 2024 16.4M USD 1.1M Financial Services United States
Sixth Street Specialty Lending Inc TSLX 5.17 JAN 2024 11.0M USD 426,225 Financial Services United States
Trinity Capital Inc Ordinary Shares TRIN 4.77 JAN 2024 10.2M USD 403,205 Financial Services United States
Capital Southwest Corp CSWC 4.34 JAN 2024 9.3M USD 278,742 Financial Services United States

Trailing returns · 30 SEP 2026

Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.

Fund (NAV) Market price

1M

-8.4

3M

2.1

6M

6.1

YTD

-1.5

1Y

-0.6

Period Fund (NAV) % Market price % Before fees % Rank in category
1 month -8.42 -6.19 -8.00 —
3 months 2.15 3.99 3.55 —
6 months 6.07 9.78 9.00 —
Year to date -1.52 0.18 2.59 —
1 year -0.56 0.66 5.01 —

Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.

Calendar year returns

Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.

Total Capital

2025

-5.5

Year Total % Capital % Rank in category
2025 -5.48 -16.04 —

Financial year returns

Displays the total return after fees for each financial year to 30 June, sourced from Morningstar.

FY25

1.0

FY26

-11.7

Financial year Total %
Financial year to date 1.72
Year to 30 JUN 2026 -11.72
Year to 30 JUN 2025 1.01

Risk statistics · 30 SEP 2026

Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
1 year 3 years 5 years 10 years
Alpha 8.74 — — —
Beta 82.38 — — —
R-squared 1.36 — — —
Standard deviation 23.83 — — —
Sharpe ratio -0.39 — — —
Sortino ratio -0.65 — — —
Tracking error 18.87 — — —
Information ratio -0.51 — — —
Upside capture % -139.57 — — —
Maximum drawdown % -10.27 — — —

Measured against Morningstar AUD 1M Cash GR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.

Portfolio risk score

Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.

Risk score

88.5

Cash 0
Global shares 100

Morningstar Portfolio Risk Score at 30 SEP 2026.

Market impact cost %
0.354
Best quarter
9.74% · AUG 2026
Worst quarter
-10.23% · FEB 2026

Fees and costs

Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
Management fees and costs
5.57% p.a.
Performance fee costs
0.00% p.a.
Transaction costs
0.00% p.a.
Total cost ratio
5.57% p.a.
Total cost ratio (last FY)
4.91% p.a.
PDS dated
9 JUN 2026

Distributions

Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
Latest distribution
0.1400
Ex Date
1 OCT 2026
Record Date
2 OCT 2026
Pay Date
16 OCT 2026
NAV at ex date
14.54
Paid this year
1.4800

Distributions by year

Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.

2024

1.9

2023

1.6

Year Per unit ($)
2024 1.8500
2023 1.6000

Distribution history

Displays the most recent distributions by ex date, sourced from Morningstar.
Ex Date Per unit ($)
1 OCT 2026 0.1400
1 SEP 2026 0.1450
3 AUG 2026 0.1450
1 JUL 2026 0.1500
1 JUN 2026 0.1500
1 MAY 2026 0.1500
1 APR 2026 0.1500
2 MAR 2026 0.1500
2 FEB 2026 0.1500
2 JAN 2026 0.1500
1 DEC 2025 0.1500
3 NOV 2025 0.1500

Sustainability rating · 31 AUG 2026

Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Portfolio covered
50.9%

ESG risk of holdings

Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
Negligible
0.00%
Low
6.17%
Medium
33.70%
High
54.09%
Severe
6.04%

0.00% of assets are in companies with high or severe controversies.

Carbon · 31 AUG 2026

Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.

Carbon risk score

18.05

Low Medium High Severe

Category average 8.36

Carbon risk
Medium Risk
Fossil fuel involvement
4.77%
Category average
9.58%
Portfolio covered
41.5%

Fund managers

Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
  • Russel Chesler
  • Jamie Hannah

Tenure

Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
Number of managers
2
Average tenure
2.8 years
Longest tenure
2.8 years
Longest serving
Russel Chesler, Jamie Hannah · since 31 JAN 2024
Most recent appointment
Russel Chesler, Jamie Hannah · since 31 JAN 2024
Managed since
31 JAN 2024
Other funds managed
49
Displays all company announcements released by the company to the exchange, sourced from Morningstar.

Announcements

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