VanEck Bentham Global Capital Securities Active ETF is an actively managed exchange traded fund focused on global capital securities, offering investors exposure to a diversified portfolio of income-generating assets. The fund aims to deliver total investment returns over the long term that exceed its benchmark, which is set at the RBA Cash Rate plus 3% per annum. Managed by Bentham Asset Management, a specialist in global credit strategies, the ETF invests primarily in capital securities issued by financial institutions around the world, including subordinated debt and hybrid instruments. With a monthly distribution schedule and a competitive management fee, GCAP provides a transparent and liquid way for investors to diversify their income away from traditional Australian hybrids. The fund’s holdings are published daily, supporting transparency and informed decision-making. GCAP is traded on the CHI-X Market Australia – Limit Venue, an alternative trading platform that offers efficient execution and contributes to competitive pricing in the Australian market.