VANECK

MOODY’S

ANALYTICS

IG

CORPORATE

BOND

ETF

SCHEDULE

OF

INVESTMENTS

January

31,

2024

(unaudited)

1

Par

(000's)

Value

CORPORATE

BONDS

:

98.6%

Bermuda

:

0.3%

Arch

Capital

Group

Ltd.

3.63%,

06/30/50

$

50

$

38,422

Underline

Canada

:

6.9%

Alimentation

Couche-Tard,

Inc.

144A

3.55%,

07/26/27

50

48,133

3.80%,

01/25/50

25

18,954

Bank

of

Nova

Scotia

1.30%,

06/11/25

50

47,601

1.95%,

02/02/27

75

69,502

2.45%,

02/02/32

100

83,059

4.59%

(US

Treasury

Yield

Curve

Rate

T

5

Year+2.05%),

05/04/37

25

22,710

Brookfield

Finance,

Inc.

3.90%,

01/25/28

50

48,389

4.35%,

04/15/30

25

24,065

Canadian

Natural

Resources

Ltd.

6.25%,

03/15/38

25

26,291

Canadian

Pacific

Railway

Co.

1.75%,

12/02/26

25

23,139

6.12%,

09/15/15

25

27,539

CI

Financial

Corp.

4.10%,

06/15/51

50

30,440

Emera

US

Finance

LP

3.55%,

06/15/26

25

24,055

Enbridge,

Inc.

3.12%,

11/15/29

125

114,671

4.25%,

12/01/26

25

24,701

5.70%,

03/08/33 †

25

25,804

Fortis,

Inc.

3.06%,

10/04/26

25

23,799

Royal

Bank

of

Canada

1.40%,

11/02/26

50

45,750

Toronto-Dominion

Bank

1.15%,

06/12/25

50

47,552

1.20%,

06/03/26

50

46,104

1.25%,

09/10/26

75

68,717

890,975

Denmark

:

0.4%

Danske

Bank

A/S

144A

1.55%

(US

Treasury

Yield

Curve

Rate

T 1

Year+0.73%),

09/10/27

50

45,607

Underline

Finland

:

0.2%

Nordea

Bank

Abp

144A

0.75%,

08/28/25

25

23,476

Underline

France

:

7.1%

BNP

Paribas

SA

144A

2.59%

(US

Treasury

Yield

Curve

Rate

T

5

Year+2.05%),

08/12/35

50

40,783

4.38%,

05/12/26

75

73,592

Par

(000’s)

Value

France

(continued)

5.12%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.45%),

01/13/29 †

$

150

$

150,830

5.18%

(SOFR+1.52%),

01/09/30

75

75,491

5.33%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.50%),

06/12/29

25

25,378

Credit

Agricole

SA

144A

2.02%,

01/11/27

50

46,340

4.38%,

03/17/25

50

49,328

5.51%,

07/05/33

75

77,998

Societe

Generale

SA

144A

1.49%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.10%),

12/14/26

100

92,545

1.79%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.00%),

06/09/27

100

91,450

3.00%,

01/22/30

100

87,745

4.25%,

04/14/25

50

49,124

4.68%,

06/15/27

50

49,526

910,130

Germany

:

0.3%

Deutsche

Bank

AG

3.73%

(SOFR+2.76%),

01/14/32

50

42,010

Underline

India

:

0.4%

Adani

Ports

&

Special

Economic

Zone

Ltd.

144A

4.20%,

08/04/27

50

46,144

Underline

Italy

:

1.7%

Intesa

Sanpaolo

SpA

144A

6.62%,

06/20/33

100

102,922

7.20%,

11/28/33

50

53,615

7.78%

(US

Treasury

Yield

Curve

Rate

T 1

Year+3.90%),

06/20/54

25

25,641

UniCredit

SpA

144A

1.98%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.20%),

06/03/27

50

46,084

228,262

Japan

:

0.2%

Nomura

Holdings,

Inc.

1.85%,

07/16/25

25

23,782

Underline

Mexico

:

0.4%

Sitios

Latinoamerica

SAB

de

CV

144A

5.38%,

04/04/32

50

46,598

Underline

Netherlands

:

1.4%

Prosus

NV

144A

3.06%,

07/13/31

50

40,721

3.68%,

01/21/30

50

43,576

4.03%,

08/03/50

50

32,009

4.99%,

01/19/52

100

73,604

189,910

VANECK

MOODY’S

ANALYTICS

IG

CORPORATE

BOND

ETF

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

2

Par

(000’s)

Value

Norway

:

0.4%

Var

Energi

ASA

144A

8.00%,

11/15/32

$

50

$

56,374

Underline

Saudi

Arabia

:

2.5%

Saudi

Arabian

Oil

Co.

144A

3.25%,

11/24/50

75

50,476

3.50%,

04/16/29

50

46,748

3.50%,

11/24/70

50

32,088

4.25%,

04/16/39

150

130,195

4.38%,

04/16/49

100

82,416

341,923

Sweden

:

0.8%

Skandinaviska

Enskilda

Banken

AB

144A

1.40%,

11/19/25

25

23,547

Svenska

Handelsbanken

AB

144A

3.95%,

06/10/27

50

48,871

Swedbank

AB

144A

3.36%,

04/04/25

25

24,561

96,979

Switzerland

:

1.0%

UBS

Group

AG

144A

1.36%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.08%),

01/30/27

50

46,080

2.75%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.10%),

02/11/33

50

41,013

3.18%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.10%),

02/11/43

50

37,445

124,538

Taiwan

:

0.8%

TSMC

Global

Ltd.

144A

0.75%,

09/28/25

50

46,714

1.25%,

04/23/26

50

46,364

93,078

United

Kingdom

:

3.7%

Barclays

Plc

2.65%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.90%),

06/24/31

100

84,540

2.67%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.20%),

03/10/32

100

82,523

2.89%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.30%),

11/24/32

50

41,300

3.33%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.30%),

11/24/42

100

74,719

4.38%,

01/12/26

50

49,373

4.84%,

05/09/28

50

48,693

Haleon

UK

Capital

Plc

3.12%,

03/24/25

50

48,928

Standard

Chartered

Plc

144A

Par

(000’s)

Value

United

Kingdom

(continued)

2.68%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.20%),

06/29/32

$

50

$

40,831

470,907

United

States

:

70.1%

Altria

Group,

Inc.

2.45%,

02/04/32

75

61,371

3.40%,

02/04/41

25

18,522

4.25%,

08/09/42

100

82,060

4.80%,

02/14/29

75

75,198

5.38%,

01/31/44 †

25

24,660

5.80%,

02/14/39

50

51,173

5.95%,

02/14/49

60

60,241

Apple,

Inc.

1.12%,

05/11/25

50

47,886

2.05%,

09/11/26

100

94,279

2.85%,

08/05/61

75

50,594

3.20%,

05/11/27

100

96,684

3.35%,

02/09/27

50

48,722

4.10%,

08/08/62

50

43,546

Ares

Capital

Corp.

2.15%,

07/15/26

25

22,832

2.88%,

06/15/28

100

88,853

AT&T,

Inc.

3.65%,

09/15/59

175

123,616

3.85%,

06/01/60

75

55,318

Becton

Dickinson

&

Co.

3.70%,

06/06/27

75

72,576

Berkshire

Hathaway

Energy

Co.

2.85%,

05/15/51

25

16,711

3.80%,

07/15/48

50

39,366

4.25%,

10/15/50

50

41,680

4.45%,

01/15/49

50

43,455

5.15%,

11/15/43

25

24,814

6.12%,

04/01/36

75

81,470

Berkshire

Hathaway

Finance

Corp.

2.85%,

10/15/50

75

51,888

3.85%,

03/15/52

50

41,409

4.20%,

08/15/48

150

135,784

Berry

Global,

Inc.

1.57%,

01/15/26

25

23,350

Berry

Global,

Inc.

144A

4.88%,

07/15/26

50

49,229

Blackstone

Holdings

Finance

Co.

LLC

144A

3.20%,

01/30/52

50

34,565

Blue

Owl

Capital

Corp.

3.40%,

07/15/26

50

46,839

Broadcom

Corp.

/

Broadcom

Cayman

Finance

Ltd.

3.88%,

01/15/27

75

73,074

Broadcom,

Inc.

3.15%,

11/15/25

25

24,258

Broadcom,

Inc.

144A

3.42%,

04/15/33

125

109,847

4.93%,

05/15/37

75

72,386

3

Par

(000’s)

Value

United

States

(continued)

Cameron

LNG

LLC

144A

3.70%,

01/15/39

$

75

$

64,094

Campbell

Soup

Co.

3.95%,

03/15/25

25

24,662

Capital

One

Financial

Corp.

6.38%

(SOFR+2.86%),

06/08/34

25

25,985

CF

Industries,

Inc.

144A

4.50%,

12/01/26

25

24,638

Charter

Communications

Operating

LLC

/

Charter

Communications

Operating

Capital

2.25%,

01/15/29

25

21,597

2.80%,

04/01/31

25

20,666

3.85%,

04/01/61

50

30,338

4.91%,

07/23/25

75

74,350

5.05%,

03/30/29

100

98,419

5.38%,

04/01/38

25

22,686

5.38%,

05/01/47

25

20,943

6.48%,

10/23/45

100

96,245

Cheniere

Corpus

Christi

Holdings

LLC

3.70%,

11/15/29

25

23,551

5.12%,

06/30/27

25

25,131

5.88%,

03/31/25

50

50,147

Cheniere

Energy,

Inc.

4.62%,

10/15/28

25

24,204

Coca-Cola

Co./The

1.45%,

06/01/27

50

45,728

Conagra

Brands,

Inc.

1.38%,

11/01/27

25

21,975

4.85%,

11/01/28

25

24,926

Constellation

Brands,

Inc.

2.25%,

08/01/31

25

20,867

3.15%,

08/01/29 †

50

46,195

Corning,

Inc.

5.45%,

11/15/79

25

24,277

Costco

Wholesale

Corp.

3.00%,

05/18/27

50

48,233

Credit

Suisse

AG

1.25%,

08/07/26

100

91,261

2.95%,

04/09/25

75

72,973

5.00%,

07/09/27

100

100,090

Deutsche

Bank

AG

1.69%,

03/19/26

50

46,825

2.13%

(SOFR+1.87%),

11/24/26

100

94,185

3.74%

(SOFR+2.26%),

01/07/33

50

40,952

Duke

Energy

Carolinas

LLC

4.95%,

01/15/33

75

75,634

EMD

Finance

LLC

144A

3.25%,

03/19/25

50

48,889

Entergy

Louisiana

LLC

4.00%,

03/15/33

25

23,312

Equinix

,

Inc.

3.20%,

11/18/29

50

45,754

Par

(000’s)

Value

United

States

(continued)

Fiserv,

Inc.

2.25%,

06/01/27

$

100

$

92,765

3.85%,

06/01/25

25

24,604

4.20%,

10/01/28

75

73,231

Florida

Power

&

Light

Co.

2.45%,

02/03/32

25

21,331

2.88%,

12/04/51

25

16,960

3.15%,

10/01/49

100

72,348

5.05%,

04/01/28

25

25,613

FS

KKR

Capital

Corp.

3.40%,

01/15/26

25

23,784

General

Mills,

Inc.

2.88%,

04/15/30

75

67,590

4.00%,

04/17/25

25

24,700

GLP

Capital

LP

/

GLP

Financing

II,

Inc.

5.25%,

06/01/25

25

24,903

HCA,

Inc.

4.12%,

06/15/29

100

95,545

5.25%,

04/15/25

75

74,935

5.25%,

06/15/26

25

25,083

5.50%,

06/15/47 †

125

120,686

Home

Depot,

Inc.

5.95%,

04/01/41

25

27,816

Huntington

Bancshares,

Inc.

2.55%,

02/04/30

25

21,468

International

Flavors

&

Fragrances,

Inc.

144A

1.83%,

10/15/27

75

66,500

ITC

Holdings

Corp.

144A

4.95%,

09/22/27

25

25,113

J

M

Smucker

Co.

3.50%,

03/15/25

25

24,571

Keurig

Dr.

Pepper,

Inc.

3.95%,

04/15/29

50

48,409

4.05%,

04/15/32

50

47,487

4.60%,

05/25/28

25

25,016

KeyBank

NA/Cleveland

OH

4.15%,

08/08/25

50

48,914

KeyCorp

2.55%,

10/01/29

50

43,030

Kinder

Morgan

Energy

Partners

LP

5.50%,

03/01/44

25

23,831

Kraft

Heinz

Foods

Co.

3.00%,

06/01/26

50

48,041

Kraft

Heinz

Foods

Co.

144A

7.12%,

08/01/39

75

88,662

Lowe's

Cos,

Inc.

4.00%,

04/15/25

25

24,703

5.80%,

09/15/62

25

26,238

McCormick

&

Co.,

Inc.

3.40%,

08/15/27

25

23,947

McDonald's

Corp.

2.12%,

03/01/30

25

21,860

3.50%,

07/01/27

25

24,236

3.60%,

07/01/30

25

23,656

3.62%,

09/01/49

50

39,208

VANECK

MOODY’S

ANALYTICS

IG

CORPORATE

BOND

ETF

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

4

Par

(000’s)

Value

United

States

(continued)

3.80%,

04/01/28

$

75

$

73,189

4.45%,

03/01/47

25

22,519

4.70%,

12/09/35

75

74,156

4.88%,

12/09/45

50

48,480

6.30%,

10/15/37

50

56,342

Meta

Platforms,

Inc.

4.65%,

08/15/62

50

45,881

Metropolitan

Life

Global

Funding

I

144A

1.88%,

01/11/27

75

68,973

5.15%,

03/28/33

25

25,287

Mondelez

International,

Inc.

2.62%,

03/17/27

50

47,238

2.62%,

09/04/50

25

16,376

2.75%,

04/13/30

25

22,573

Nestle

Holdings,

Inc.

144A

3.50%,

09/24/25

25

24,604

NextEra

Energy

Capital

Holdings,

Inc.

6.05%,

03/01/25

50

50,436

Oracle

Corp.

3.85%,

07/15/36

75

65,447

4.12%,

05/15/45

100

82,211

4.30%,

07/08/34

50

46,569

4.38%,

05/15/55

50

41,233

5.38%,

07/15/40

100

98,868

6.50%,

04/15/38

50

55,249

Pacific

Gas

and

Electric

Co.

3.25%,

06/01/31

50

43,460

3.50%,

08/01/50

50

34,980

3.75%,

07/01/28

75

70,689

4.50%,

07/01/40

50

43,132

4.55%,

07/01/30

75

71,723

4.95%,

07/01/50

100

87,282

6.15%,

01/15/33

50

52,019

PepsiCo,

Inc.

2.75%,

04/30/25

100

97,658

2.75%,

03/19/30

25

22,745

3.60%,

02/18/28

75

73,154

Philip

Morris

International,

Inc.

0.88%,

05/01/26

50

45,994

2.75%,

02/25/26

25

24,033

3.38%,

08/15/29

75

70,247

3.88%,

08/21/42

50

41,126

4.12%,

03/04/43

50

42,273

4.38%,

11/15/41

65

58,016

5.38%,

02/15/33

25

25,529

5.62%,

11/17/29

25

26,102

5.75%,

11/17/32

50

52,362

Public

Service

Co.

of

Colorado

1.88%,

06/15/31

50

41,016

Republic

Services,

Inc.

3.95%,

05/15/28

50

48,988

San

Diego

Gas

&

Electric

Co.

1.70%,

10/01/30

75

62,064

Sherwin-Williams

Co.

Par

(000’s)

Value

United

States

(continued)

3.45%,

06/01/27

$

50

$

48,242

Southern

California

Edison

Co.

2.95%,

02/01/51

25

16,585

3.65%,

02/01/50

50

38,081

Southern

Co.

3.25%,

07/01/26

50

48,264

Sprint

Capital

Corp.

6.88%,

11/15/28

75

81,079

Sprint

LLC

7.62%,

02/15/25

100

101,782

7.62%,

03/01/26

25

26,105

Time

Warner

Cable

LLC

4.50%,

09/15/42

25

19,780

5.88%,

11/15/40

25

22,729

6.55%,

05/01/37

100

99,870

6.75%,

06/15/39

75

74,561

T-Mobile

USA,

Inc.

1.50%,

02/15/26

25

23,405

3.00%,

02/15/41

25

18,694

3.50%,

04/15/25

25

24,514

3.60%,

11/15/60

75

54,146

3.75%,

04/15/27

100

96,979

3.88%,

04/15/30

125

118,244

4.38%,

04/15/40

50

45,153

Tyson

Foods,

Inc.

3.55%,

06/02/27

50

47,937

United

Rentals

North

America,

Inc.

144A

6.00%,

12/15/29

50

50,738

Verisk

Analytics,

Inc.

4.00%,

06/15/25

25

24,675

Verizon

Communications,

Inc.

2.35%,

03/15/32

50

41,539

3.70%,

03/22/61

75

55,987

4.02%,

12/03/29

150

144,306

4.12%,

03/16/27

75

73,785

4.33%,

09/21/28

50

49,315

VICI

Properties

LP

4.75%,

02/15/28

50

48,989

5.12%,

05/15/32

50

47,824

5.62%,

05/15/52

25

23,581

VICI

Properties

LP

/

VICI

Note

Co.,

Inc.

144A

3.50%,

02/15/25

50

48,811

4.25%,

12/01/26

75

72,257

Vistra

Operations

Co.

LLC

144A

4.30%,

07/15/29

25

23,645

VMware

LLC

4.50%,

05/15/25

50

49,632

Westinghouse

Air

Brake

Technologies

Corp.

3.45%,

11/15/26

25

24,031

Weyerhaeuser

Co.

5

FootnoteRuleAboveBlank

Footnotes:

Par

(000’s)

Value

United

States

(continued)

4.00%,

04/15/30

$

50

$

47,709

8,987,969

Total

Corporate

Bonds

Par

(000’s)

Value

United

States

(continued)

(Cost:

$13,105,132)

$

12,657,084

Total

Investments:

98.6%

(Cost:

$13,105,132)

12,657,084

Other

assets

less

liabilities:

1.4%

184,565

NET

ASSETS:

100.0%

$

12,841,649

Definitions:

SOFR

Secured

Overnight

Financing

Rate

USD

United

States

Dollar

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$309,757.

144A

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended,

or

otherwise

restricted.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

unless

otherwise

noted.

These

securities

have

an

aggregate

value

of

$3,209,175,

or

25.0%

of

net

assets.

Summary

of

Investments

by

Sector

%

of

Investments

Value

Financials

27.3

%

$

3,459,929

Technology

20.6

2,612,276

Consumer

Non-Cyclicals

17.3

2,189,107

Consumer

Cyclicals

8.8

1,112,818

Utilities

8.1

1,030,523

Energy

5.6

704,887

Industrials

4.8

604,540

Healthcare

3.5

437,717

Real

Estate

2.8

359,828

Basic

Materials

1.2

145,459

100.0

%

$

12,657,084