VanEck Global Listed Private Credit (AUD Hedged) ETF (LEND) Review & Analysis
- −3.3% in September (total return), behind the median international bonds ETF at −1.8%.
- Investors withdrew a net $0.7m (-0.3% of the fund).
- The unit price closed the month at $14.84, 21% below its 12-month high (range $13.76 to $18.70).
About LEND
LEND is an international bonds ETF from VanEck, listed on the ASX since February 2024. With $219m under management it is number 11 of 48 international bonds ETFs by size. The management fee is 0.65% a year, about $65 on every $10,000 invested, dearer than the typical international bonds ETF at 0.50%.
Its largest holdings are Main Street Capital Corp, Ares Capital Corp and Golub Capital BDC Inc, and the top 10 make up 53% of the fund. By sector it leans towards bonds & cash (100%).
Over the past year it returned −4.1%, against −0.8% for the median international bonds ETF. With its focus on bonds & fixed income, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.
LEND distributions and dividend dates
LEND pays distributions monthly, with payment about 15 days after the ex-date. (Pattern estimated from recent payments.)
The latest distribution was $0.135 per unit (0% franked), ex-distribution on 2 November 2026 and paid on 17 November 2026. To receive it you need to own LEND before the ex-date.
Its distribution yield over the past 12 months is about 12.3%. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare LEND with
| Fee | 0.65% | 0.19% |
| 1 year | −4.1% | −1.0% |
| 5 yrs p.a. | – | – |
| Size | $219m | $455m |
| Fee | 0.65% | 0.26% |
| 1 year | −4.1% | −1.4% |
| 5 yrs p.a. | – | −0.9% |
| Size | $219m | $339m |
| Fee | 0.65% | 0.56% |
| 1 year | −4.1% | +1.3% |
| 5 yrs p.a. | – | +2.0% |
| Size | $219m | $248m |
| Fee | 0.65% | 0.30% |
| 1 year | −4.1% | −0.6% |
| 5 yrs p.a. | – | −0.9% |
| Size | $219m | $172m |
LEND price by TradingView
| Stock Code | LEND |
|---|---|
| Fund Manager | VanEck |
| Asset Class | International bonds |
| AUM | $219m |
| MER (%) | 0.65% |
| Net flows (Sep) | −$0.7m |
| Last Price | $14.84 |
| 52-Week Range | $13.76 – $18.70 |
| Bid/Ask Spread | 0.23% |
| Listing Date | 02/02/2024 |
| Exchange | ASX |
| Index tracked | LPX Listed Private Credit Index (hedged) |
| Issuer website | VanEck ↗ |
Performance (% return)
$10,000 invested…
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
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