Is LEND a good ETF?
LEND is the VanEck Global Listed Private Credit (AUD Hedged) ETF from VanEck. We classify it under Intl and Thematic. With about $214 million in assets it is a solidly established fund.
On a total-return basis, LEND has delivered -13.98% a year over 1 year (ranked 294th of 308 ETFs we track). It has trailed most comparable ETFs over the periods we measure, so look closely at whether its strategy fits what you're after.
The management fee of 0.65% is on the higher side. For comparison, similar ETFs average around 0.46%. If cost is your priority, VGS (0.18%) and IOO (0.4%) cover similar ground for less. It pays a high 12.49% yield — generous income, but check it isn't a sign of a narrow or higher-risk portfolio. Bear in mind distributions are taxed each year at your marginal rate, so a high yield is less tax-efficient for higher earners and during the accumulation phase.
Strengths
- High 12.49% income yield — good for investors who want regular cash flow.
Things to watch
- Pricier than similar ETFs, which average around 0.46%.
- Cheaper alternatives exist: VGS and IOO.
- That income is taxed yearly at your marginal rate, so it's less efficient for higher earners.
- Highly concentrated single-theme bet — keep the position size small.
What LEND's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Global and international shares from outside Australia — broadening you into thousands of companies and the sectors (tech, healthcare) the local market lacks.
- Market regime
- Essential diversification away from the bank-and-resources-heavy ASX. Unhedged versions carry currency risk; hedged versions remove it at a small cost.
- In a portfolio
- A core holding for almost every long-term Australian portfolio.
A concentrated bet on a single trend — AI, battery tech, cybersecurity, robotics and the like. High conviction, high concentration, and often high fees.
- Market regime
- Frequently launched after a theme is already hot, which has historically been a poor entry point. Expect very large swings in both directions.
- In a portfolio
- A small satellite position at most. Treat it as a speculative tilt, never as a core holding.
General information only, generated from the fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.