VanEck Global Listed Private Credit (AUD Hedged) ETF is an exchange traded fund that offers investors exposure to a diversified portfolio of 25 of the largest global companies engaged in the private credit sector. Its primary purpose is to provide access to listed private credit investments, an alternative asset class that focuses on lending to corporate borrowers outside traditional banking channels. By tracking a specialized index—specifically the LPX Listed Private Credit AUD Hedged Index—the fund employs a passive management approach, investing directly in the companies comprising this benchmark. A distinguishing feature of this ETF is its Australian dollar hedging, which aims to minimize the impact of foreign currency fluctuations on returns—an important factor for Australian investors seeking predictable outcomes. The fund targets investors seeking global credit market exposure with reduced currency risk, and its structure allows investors to benefit from the historically high-income potential and diversification characteristics of private credit. Distributions are paid monthly, reflecting income received from underlying holdings, and the ETF structure lowers barriers to entry compared to private or institutional-only credit funds. This asset plays a significant role in broadening access to the growing private credit market, making it accessible via a single traded security.