NPORT-EX 2 NPORT_VMIG_86205272_0124.htm
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