NPORT-EX 2 NPORT_VMLN_15748010_0124.htm
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
January
31,
2024
(unaudited)
1
Par
(000's)
Value
MUNICIPAL
BONDS:
99.0%
Alabama
:
0.7%
Alabama
Corrections
Institution
Finance
Authority,
Series
A
(RB)
5.25%,
07/01/47 (c)
$
1,000
$
1,097,710
City
of
Huntsville,
Alabama
Scholl,
Series
D
(GO)
5.00%,
03/01/53 (c)
1,000
1,098,846
County
of
Jefferson,
Alabama
Sewer
Warrants
(RB)
5.25%,
10/01/49 (c)
1,000
1,085,953
3,282,509
Arizona
:
1.1%
Arizona
Industrial
Development
Authority
Student
Housing,
North
Carolina
Central
University
Project,
Series
A
(RB)
(BAM)
4.00%,
06/01/44 (c)
500
491,676
City
of
Phoenix
Civic
Improvement
Corp.,
Series
A
(RB)
5.00%,
07/01/49 (c)
1,000
1,062,969
City
of
Phoenix
Civic
Improvement
Corp.,
Water
System,
Series
A
(RB)
5.00%,
07/01/44 (c)
750
820,174
Pima
County,
Industrial
Development
Authority,
Tucson
Medical
Center,
Series
A
(RB)
4.00%,
04/01/46 (c)
750
708,202
Salt
River
Project
Agricultural
Improvement
&
Power
District,
Electric
Project,
Series
A
(RB)
5.00%,
01/01/50 (c)
1,000
1,103,511
5.00%,
01/01/47 (c)
1,000
1,113,717
5,300,249
Arkansas
:
0.2%
City
of
Springdale,
Arkansas
Sales
and
Use
Tax,
Series
B
(RB)
(BAM)
4.25%,
08/01/53 (c)
1,000
1,001,207
Underline
California
:
16.5%
Airport
Commission
of
the
City
and
County
of
San
Francisco,
International
Airport,
Series
E
(RB)
5.00%,
05/01/48 (c)
995
1,049,667
Airport
Commission
of
the
City
and
County
of
San
Francisco,
International
Airport,
Series
F
(RB)
5.00%,
05/01/50 (c)
1,000
1,071,130
Alameda
County,
Pleasanton
United
School
District
(GO)
4.00%,
08/01/52 (c)
1,500
1,512,948
Par
(000’s)
Value
California
(continued)
Anaheim
Housing
&
Public
Improvements
Authority,
Electric
Utility
Distribution
System
improvements,
Series
C
(RB)
(NATL)
5.00%,
10/01/45 (c)
$
500
$
512,899
Austin
Independent
School
District,
Unlimited
Tax
(RB)
3.00%,
08/15/51 (c)
1,000
793,299
Bay
Area
Toll
Authority,
Toll
Bridge,
Series
S
(RB)
4.00%,
04/01/47 (c)
1,000
1,001,926
California
County
Tobacco
Securitization
Agency,
Series
A
(RB)
4.00%,
06/01/49 (c)
1,350
1,289,022
California
Health
Facilities
Financing
Authority,
Children’s
Hospital,
Series
A
(RB)
5.00%,
08/15/47 (c)
1,000
1,012,984
California
Health
Facilities
Financing
Authority,
City
of
Hope
(RB)
5.00%,
11/15/49 (c)
750
767,015
California
Health
Facilities
Financing
Authority,
Commonspririt
Health,
Series
A
(RB)
4.00%,
04/01/45 (c)
1,000
984,400
California
Health
Facilities
Financing
Authority,
Kaiser
Permanente,
Series
A
(RB)
4.00%,
11/01/44 (c)
1,000
994,170
4.00%,
11/01/51 (c)
1,000
956,296
California
Health
Facilities
Financing
Authority,
Lucile
Salter
Packard
Childrens
Hospital,
Series
A
(RB)
4.00%,
05/15/46 (c)
1,000
1,016,056
California
Health
Facilities
Financing
Authority,
Pin
Health,
Series
A
(RB)
4.00%,
06/01/50 (c)
750
727,316
California
Health
Facilities
Financing
Authority,
Providence
St.
Joseph
Health,
Series
A
(RB)
3.00%,
10/01/41 (c)
680
562,139
California
Health
Facilities
Financing
Authority,
Series
A
(RB)
4.00%,
03/01/43 (c)
1,000
959,477
California
Health
Facilities
Financing
Authority,
Series
B
(RB)
4.00%,
11/15/41 (c)
1,000
1,002,368
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
2
Par
(000’s)
Value
California
(continued)
California
Infrastructure
&
Economic
Development
Bank
(RB)
5.00%,
05/15/47 (c)
$
500
$
530,658
California
State
Public
Works
Board,
Air
Resources
Board,
Series
D
(RB)
4.00%,
05/01/46 (c)
500
504,975
California
Statewide
Communities
Development
Authority,
Montage
Health,
Series
A
(RB)
4.00%,
06/01/46 (c)
1,055
1,064,034
Chabot-Las
Positas
Community
College
District,
Series
C
(GO)
5.25%,
08/01/48 (c)
1,000
1,146,263
Chaffey
Joint
Union
High
School
District,
Series
C
(GO)
5.25%,
08/01/47 (c)
500
524,912
Chaffey
Joint
Union
High
School
District,
Series
G
(GO)
5.25%,
08/01/52 (c)
1,000
1,122,494
Chino
Valley
Unified
School
District,
Series
B
(GO)
(SBG)
5.00%,
08/01/55 (c)
620
669,652
City
and
County
of
San
Francisco,
Multiple
Capital
Improvement,
Series
B
(CP)
4.50%,
10/01/43 (c)
1,000
1,066,107
City
and
County
of
San
Francisco,
Public
Utilities
Commission
Water,
Series
D
(RB)
3.00%,
11/01/50 (c)
500
406,265
City
of
Los
Angeles,
Department
of
Airports,
Series
D
(RB)
4.00%,
05/15/48 (c)
750
760,286
County
of
Bernardino,
Raito
Unified
School
District
(GO)
(BAM)
5.00%,
08/01/52 (c)
1,000
1,097,415
East
Bay
Municipal
Utility
District,
Water
System,
Series
A
(RB)
4.00%,
06/01/45 (c)
1,210
1,217,149
El
Dorado
Irrigation
District,
Series
A
(CP)
(AGM)
4.00%,
03/01/45 (c)
630
635,503
Fremont
Union
High
School
District,
Series
A
(GO)
4.00%,
08/01/46 (c)
500
503,369
Glendale
Community
College
District,
Series
B
(GO)
3.00%,
08/01/47 (c)
325
261,858
Hayward
Unified
School
District
(GO)
(BAM)
4.00%,
08/01/43 (c)
1,000
1,002,879
Par
(000’s)
Value
California
(continued)
Irvin
Facilities
Financing
Authority,
Irvine
Great
Park
Infrastructure
Project,
Series
A
(ST)
5.00%,
09/01/43 (c)
$
500
$
574,476
Irvin
Facilities
Financing
Authority,
Irvine
Great
Park
Infrastructure
Project,
Series
A
(ST)
(BAM)
4.00%,
09/01/58 (c)
1,000
1,002,635
Los
Angeles
Department
of
Water
and
Power,
Series
A
(RB)
5.00%,
07/01/44 (c)
500
502,139
5.00%,
07/01/41 (c)
800
897,996
5.00%,
07/01/49 (c)
800
902,701
Los
Angeles
Department
of
Water
and
Power,
Series
B
(RB)
5.00%,
07/01/48 (c)
1,000
1,100,258
5.25%,
07/01/53 (c)
500
569,054
Los
Angeles
Department
of
Water
and
Power,
Series
C
(RB)
5.00%,
07/01/51 (c)
500
550,467
Los
Angeles
Department
of
Water
and
Power,
Series
D
(RB)
5.00%,
07/01/52 (c)
750
833,384
5.00%,
07/01/47 (c)
500
560,922
Metropolitan
Water
District
of
Southern
California,
Series
A
(RB)
5.00%,
04/01/48 (c)
1,500
1,712,633
5.00%,
04/01/53 (c)
1,000
1,131,120
Miracosta
Community
College
District,
Series
A
(GO)
4.00%,
08/01/42 (c)
530
535,404
Perris
Union
High
School
District,
Series
A
(GO)
(AGM)
4.00%,
09/01/48 (c)
900
907,988
Regents
of
University
of
California,
Medical
Center
Pooled,
Series
L
(RB)
4.00%,
05/15/44 (c)
1,015
1,018,049
Regents
of
University
of
California,
Medical
Center
Pooled,
Series
P
(RB)
4.00%,
05/15/53 (c)
1,000
994,304
Riverside  County,
Perris
Union
High
School
District,
Series
A
(GO)
(AGM)
4.00%,
09/01/43 (c)
570
577,278
Sacramento
Area
Flood
Control
Agency,
Series
A
(SA)
5.00%,
10/01/47 (c)
1,500
1,553,951
Sacramento
City
Unified
School
District,
Series
G
(GO)
(AGM)
4.00%,
08/01/49 (c)
500
498,883
3
Par
(000’s)
Value
California
(continued)
San
Diego
Association
of
Governments
South
Bay
Expressway
Toll,
Series
A
(RB)
5.00%,
07/01/42 (c)
$
610
$
639,979
San
Diego
County
Regional
Airport
Authority,
Series
A
(RB)
5.00%,
07/01/44 (c)
750
810,584
San
Diego
Public
Facilities
Financing
Authority,
Series
A
(RB)
4.00%,
10/15/48 (c)
500
505,920
5.25%,
08/01/48 (c)
1,000
1,166,551
San
Diego
Unified
School
District,
Series
I
(GO)
4.00%,
07/01/47 (c)
595
597,210
San
Francisco
Bay
Area
Rapid
Transit
District,
Series
B-1
(GO)
3.00%,
08/01/49 (c)
600
479,752
San
Francisco
Bay
Area
Rapid
Transit
District,
Series
C-1
(GO)
4.00%,
08/01/45 (c)
610
614,632
San
Francisco
City
and
County,
International
Airport,
Series
B
(RB)
4.00%,
05/01/52 (c)
1,000
1,001,700
5.00%,
05/01/47 (c)
700
730,673
San
Francisco
City
and
County,
Public
Utilities
Commission
Wastewater,
Series
A
(RB)
4.00%,
10/01/48 (c)
885
895,808
San
Francisco
Municipal
Transportation
Agency
(RB)
4.00%,
03/01/46 (c)
750
751,888
San
Jacinto
County,
Transportation
Authority,
Limited
Tax
(RB)
4.00%,
03/01/41 (c)
1,000
1,007,745
San
Jose
Evergreen
Community
College
District,
Series
B
(GO)
3.00%,
09/01/41 (c)
825
730,361
San
Jose
Financing
Authority
Wastewater,
Series
B
(RB)
5.00%,
11/01/52 (c)
1,500
1,689,644
San
Mateo
County
Community
College
District,
Series
B
(GO)
5.00%,
09/01/45 (c)
1,570
1,696,495
San
Mateo
Foster
City
Public
Financing
Authority,
Clean
Water
Program
(RB)
(SAW)
4.00%,
08/01/44 (c)
500
506,172
Saugus
Union
School
District
School
Facilities
Improvement
District
No.1,
Series
C
(GO)
2.38%,
08/01/44 (c)
1,000
742,797
Par
(000’s)
Value
California
(continued)
Southern
California
Public
Power
Authority,
Southern
Transmission
System
(RB)
5.25%,
07/01/53 (c)
$
500
$
573,641
Southwestern
Community
College
District,
Series
A
(GO)
4.00%,
08/01/47 (c)
750
751,581
State
of
California,
Various
Purpose
(GO)
3.00%,
10/01/49 (c)
500
409,821
3.00%,
12/01/43 (c)
400
349,067
3.62%,
10/01/47 (c)
645
615,099
4.00%,
10/01/44 (c)
500
511,298
5.00%,
04/01/42 (c)
660
702,637
5.00%,
10/01/48 (c)
935
995,976
5.00%,
11/01/47 (c)
515
545,459
5.00%,
04/01/49 (c)
1,000
1,077,357
5.00%,
10/01/42 (c)
1,500
1,736,254
5.00%,
09/01/41 (c)
630
716,531
State
of
California,
Various
Purpose
(GO)
(SAW)
5.00%,
12/01/46 (c)
875
969,366
Sunnyvale
Financing
Authority,
Civic
Center
Project
(RB)
(AGM)
4.00%,
04/01/45 (c)
1,195
1,213,182
University
of
California,
Series
BK
(RB)
5.00%,
05/15/52 (c)
2,000
2,233,130
University
of
California,
Series
BN
(RB)
5.00%,
05/15/42 (c)
1,000
1,161,959
5.00%,
05/15/41 (c)
1,000
1,166,892
University
of
California,
Series
EE
(RB)
5.00%,
05/15/43 (c)
1,000
1,111,123
University
of
California,
Series
M
(RB)
5.00%,
05/15/42 (c)
1,950
2,083,127
University
of
California,
Series
O
(RB)
5.00%,
05/15/58 (c)
1,000
1,057,684
University
of
California,
Series
Q
(RB)
5.00%,
05/15/46 (c)
1,000
1,114,234
Ventura
Unified
School
District,
Series
A
(GO)
4.00%,
08/01/52 (c)
500
504,804
81,318,706
Colorado
:
1.7%
Board
of
Governors
of
Colorado
State
University
System,
Series
C
(RB)
4.00%,
03/01/47 (c)
1,050
1,038,989
Boulder
Valley
School
District
No.
Re-2
Boulder
(GO)
(SAW)
5.00%,
12/01/41 (c)
500
508,761
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
4
Par
(000’s)
Value
Colorado
(continued)
City
of
Colorado
Springs,
Utilities
System,
Series
C
(RB)
5.00%,
11/15/50 (c)
$
600
$
645,258
Colorado
Health
Facilities
Authority
Hospital,
Series
A
(RB)
(SBG)
4.00%,
11/15/43 (c)
685
675,324
Colorado
Health
Facilities
Authority,
CommonSpirit
Health,
Series
A-2
(RB)
3.25%,
08/01/49 (c)
500
373,560
4.00%,
08/01/49 (c)
745
702,976
5.00%,
08/01/44 (c)
1,000
1,034,718
Colorado
Health
Facilities
Authority,
Sanford,
Series
A
(RB)
5.00%,
11/01/44 (c)
500
524,396
Colorado
High
Performance
Transportation
Enterprise,
C-470
Express
Lanes
(RB)
5.00%,
12/31/51 (c)
250
250,631
Regional
Transportation
District,
Fastracks
Project,
Series
B
(RB)
2.00%,
11/01/41 (c)
850
590,361
Weld
County
School
District
No.
5J
(GO)
(SAW)
4.00%,
12/01/45 (c)
1,000
1,001,733
Weld
County
School
District
No.
6
(GO)
(SAW)
4.00%,
12/01/45 (c)
800
798,803
8,145,510
Connecticut
:
0.3%
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program,
Series
A
(RB)
4.70%,
11/15/43 (c)
500
507,968
Connecticut
State
Health
and
Educational
Facilities
Authority,
Trinity
Health
Credit
Group
(RB)
5.00%,
12/01/45 (c)
750
764,675
1,272,643
Delaware
:
0.3%
State
of
Delaware,
Series
A
(GO)
4.00%,
05/01/42 (c)
500
515,672
4.00%,
05/01/41 (c)
1,000
1,036,365
1,552,037
District
of
Columbia
:
1.6%
District
of
Columbia,
Children's
Hospital
(RB)
5.00%,
07/15/44 (c)
500
507,634
District
of
Columbia,
Income
Tax,
Series
A
(RB)
5.00%,
03/01/44 (c)
750
810,931
Par
(000’s)
Value
District
of
Columbia
(continued)
District
of
Columbia,
Income
Tax,
Series
C
(RB)
4.00%,
05/01/45 (c)
$
805
$
803,312
District
of
Columbia,
Series
A
(RB)
2.62%,
03/01/45 (c)
575
439,125
3.00%,
03/01/41 (c)
275
239,110
Metropolitan
Washington
Airports
Authority,
Dulles
Toll
Road,
Dulles
Metrorail
and
Capital
Improvements
Projects,
Series
A
(RB)
(AGM)
4.00%,
10/01/52 (c)
1,000
963,565
Metropolitan
Washington
Airports
Authority,
Dulles
Toll
Road,
Dulles
Metrorail
and
Capital
Improvements
Projects,
Series
B
(RB)
4.00%,
10/01/49 (c)
1,250
1,167,112
Washington
Metropolitan
Area
Transit
Authority,
Series
A
(RB)
3.00%,
07/15/43 (c)
750
631,626
4.00%,
07/15/46 (c)
1,000
991,160
5.00%,
07/15/48 (c)
1,000
1,102,697
7,656,272
Florida
:
4.5%
Brevard
County,
Florida
Health
Facilities
Authority,
Series
A
(RB)
5.00%,
04/01/52 (c)
1,055
1,117,350
Central
Florida
Expressway
Authority
(RB)
(BAM)
4.00%,
07/01/41 (c)
845
845,331
City
of
Jacksonville,
Health
Care
Facilities,
Brooks
Rehabilitation
(RB)
4.00%,
11/01/45 (c)
1,000
918,488
5.00%,
11/01/50 (c)
1,000
1,033,718
City
of
Lakeland,
Florida
Energy
System
(RB)
4.25%,
10/01/48 (c)
1,000
1,007,522
City
of
Lakeland,
Florida
Hospital,
Regional
Health
Systems
(RB)
5.00%,
11/15/45 (c)
1,000
1,007,385
City
of
Orlando,
Capital
of
Improvements,
Series
B
(RB)
5.00%,
10/01/48 (c)
1,000
1,060,268
City
of
Port
St.
Lucie,
Southwest
Annexation
Special
Assessment
District
No.
1
(SA)
3.25%,
07/01/45 (c)
200
172,352
City
of
Port
St.
Lucie,
Southwest
Annexation
Special
Assessment
District
No.
1
(SA)
(BAM)
3.00%,
07/01/41 (c)
180
155,645
5
Par
(000’s)
Value
Florida
(continued)
City
of
Tampa,
Florida
Water
&
Wastewater
System,
Series
A
(RB)
5.00%,
10/01/47 (c)
$
500
$
550,092
County
of
Broward,
Florida
Port
Facilities,
Series
A
(RB)
5.00%,
09/01/49 (c)
500
520,421
County
of
Broward,
Florida
Tourist
Development,
Convention
Center
Expansion
Project
(RB)
4.00%,
09/01/47 (c)
1,000
980,221
4.00%,
09/01/51 (c)
1,010
968,124
County
of
Broward,
School
District
(GO)
5.00%,
07/01/49 (c)
665
720,995
County
of
Miami-Dade,
Florida
Seaport,
Series
A
(RB)
(AGM)
4.00%,
10/01/49 (c)
2,000
1,958,875
County
of
Miami-Dade,
Florida
Transit
System,
Sales
Surtax,
Series
A
(RB)
4.00%,
07/01/44 (c)
500
502,647
County
of
Miami-Dade,
Florida
Water
and
Sewer
System
(RB)
4.00%,
10/01/48 (c)
1,000
986,961
County
of
Miami-Dade,
Health
Facilities
Authority
Hospital,
Nicklaus
Children’s
Hospital
Project,
Series
A
(RB)
4.00%,
08/01/51 (c)
500
477,882
County
of
Palm
Beach,
Health
Facilities
Authority,
Lifespace
Communities,
Inc.,
Series
B
(RB)
4.00%,
05/15/53 (c)
330
206,827
County
of
Saint
Luce
,
School
Board,
Series
A
(CP)
(AGM)
5.00%,
07/01/48 (c)
1,000
1,090,700
County
of
Sarasota,
Florida
Utility
System,
Series
A
(RB)
5.00%,
10/01/50 (c)
500
536,288
Florida
Higher
Educational
Facilities
Financial
Authority,
Rollins
College
Project,
Series
A
(RB)
4.00%,
12/01/50 (c)
750
724,608
Fort
Pierce
Utilities
Authority,
Series
A
(RB)
(AGM)
4.00%,
10/01/52 (c)
1,000
952,373
Halifax
Hospital
Medical
Center
(RB)
4.00%,
06/01/46 (c)
525
498,598
Hillsborough
County,
Florida
Capital
Improvement
Non-Ad
Valorem
(RB)
2.25%,
08/01/51 (c)
500
318,916
Par
(000’s)
Value
Florida
(continued)
North
Broward
Hospital
District,
Broward
Health,
Series
B
(RB)
5.00%,
01/01/48 (c)
$
1,000
$
1,024,851
Orange
County
Health
Facilities
Authority,
Series
A
(RB)
5.00%,
10/01/47 (c)
1,000
1,040,945
South
Broward
Hospital
District,
Series
A
(RB)
3.00%,
05/01/46 (c)
750
590,176
21,968,559
Georgia
:
2.0%
Brookhaven
Development
Authority,
Children’s
Healthcare
of
Atlanta,
Inc.,
Series
A
(RB)
4.00%,
07/01/44 (c)
660
662,363
County
of
Burke,
Development
Authority,
Series
D
(RB)
4.12%,
11/01/45 (c)
260
246,434
County
of
Clarke,
Hospital
Authority,
Piedmont
Healthcare,
Inc.,
Series
A
(RB)
4.00%,
07/01/41 (c)
1,000
1,000,084
County
of
Fulton,
Georgia
Water
and
Sewerage,
Series
A
(RB)
2.25%,
01/01/43 (c)
500
360,215
Gainesville
and
Hall
County
Hospital
Authority,
Northeast
Georgia
Health
System,
Series
A
(RB)
4.00%,
02/15/42 (c)
1,000
993,353
4.00%,
02/15/45 (c)
1,295
1,277,675
Georgia
Housing
and
Finance
Authority,
Single
Family
Mortgage,
Series
B-1
(RB)
3.35%,
12/01/41 (c)
215
190,892
Georgia
State
Road
and
Tollway
Authority,
Managed
Lane
System,
Series
A
(RB)
3.00%,
07/15/51 (c)
500
399,325
Main
Street
Natural
Gas,
Inc.,
Series
C
(RB)
5.00%,
05/15/49
990
1,077,458
Metropolitan
Atlanta
Rapid
Transit
Authority
Sales
Tax,  Series
A
(RB)
3.00%,
07/01/47 (c)
1,000
830,954
Municipal
Electric
Authority
of
Georgia,
Plant
Vogtle
Units
3
&
4
Project,
Series
A
(RB)
4.50%,
07/01/63 (c)
500
502,544
Municipal
Electric
Authority
of
Georgia,
Series
A
(RB)
5.00%,
01/01/63 (c)
500
507,361
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
6
Par
(000’s)
Value
Georgia
(continued)
Private
Colleges
&
Universities
Authority,
Emory
University,
Series
B
(RB)
4.00%,
09/01/41 (c)
$
855
$
881,761
State
of
Georgia,
Series
A
(GO)
4.00%,
07/01/42 (c)
1,000
1,048,857
9,979,276
Hawaii
:
0.2%
City
and
County
of
Honolulu,
Series
C
(GO)
4.00%,
08/01/43 (c)
750
758,510
Underline
Idaho
:
0.1%
Idaho
Health
Facilities
Authority,
St.
Luke's
Health
System
Project,
Series
A
(RB)
5.00%,
03/01/44 (c)
500
500,132
Underline
Illinois
:
4.3%
Chicago
O'Hare
International
Airport,
Series
B
(RB)
(AGM)
4.00%,
01/01/53 (c)
890
873,859
City
of
Chicago,
Second
Lien
Water
Project,
Series
A
(RB)
(AGM)
5.25%,
11/01/53 (c)
500
548,793
City
of
Chicago,
Series
A
(GO)
5.50%,
01/01/43 (c)
750
792,924
City
of
Chicago,
Wastewater
Transmission
Project,
Series
A
(RB)
(AGM)
5.25%,
01/01/53 (c)
500
549,534
5.50%,
01/01/62 (c)
1,550
1,721,026
Illinois
Finance
Authority,
NorthShore
University
HealthSystem
,
Series
A
(RB)
4.00%,
08/15/41 (c)
1,000
1,004,566
Illinois
Finance
Authority,
Presence
Network,
Series
C
(RB)
4.00%,
02/15/41 (c)
500
493,491
Illinois
Finance
Authority,
Silver
Cross
Hospital
and
Medical
Center,
Series
C
(RB)
5.00%,
08/15/44 (c)
1,000
1,013,069
Illinois
Housing
Development
Authority,
Series
G
(RB)
4.85%,
10/01/42 (c)
500
520,406
5.00%,
10/01/46 (c)
1,000
1,049,762
Illinois
State
Toll
Highway
Authority,
Series
A
(RB)
4.00%,
01/01/46 (c)
1,000
985,076
4.00%,
01/01/44 (c)
1,005
1,004,818
5.00%,
01/01/45 (c)
1,000
1,082,476
Illinois
State
Toll
Highway
Authority,
Series
E
(RB)
5.25%,
10/01/52 (c)
1,600
1,668,207
Par
(000’s)
Value
Illinois
(continued)
Metropolitan
Pier
and
Exposition
Authority,
McCormick
Place
Expansion
Project,
Series
A
(RB)
5.00%,
06/15/53 (c)
$
735
$
741,512
Metropolitan
Water
Reclamation
District
of
Greater
Chicago,
Series
A
(GO)
4.00%,
12/01/46 (c)
1,500
1,486,818
Sales
Tax
Securitization
Corp.,
Series
A
(RB)
4.00%,
01/01/48 (c)
1,000
959,435
4.00%,
01/01/48 (c)
1,000
971,116
State
of
Illinois
(GO)
(AGC)
5.75%,
05/01/45 (c)
750
826,712
State
of
Illinois,
Series
A
(GO)
5.00%,
03/01/46 (c)
1,250
1,323,837
5.00%,
05/01/41 (c)
630
655,472
State
of
Illinois,
Series
C
(GO)
4.00%,
11/01/44 (c)
900
865,485
21,138,394
Indiana
:
1.0%
Indiana
Finance
Authority,
Indiana
University
Health
Inc.,
Series
A
(RB)
5.00%,
10/01/53 (c)
1,000
1,084,659
Indiana
Finance
Authority,
Wastewater
Utility,
CWA
Authority
Project
(RB)
5.00%,
10/01/41 (c)
300
331,832
Indiana
Housing
and
Community
Development
Authority,
Single
Family
Mortgage,
Series
D
(RB)
5.20%,
07/01/53 (c)
1,000
1,050,299
Indiana
Municipal
Power
Agency,
Series
A
(RB)
5.00%,
01/01/42 (c)
1,000
1,022,119
Indianapolis
Local
Public
Improvement
Bond
Bank,
Courthouse
and
Jail
Project,
Series
A
(RB)
5.00%,
02/01/49 (c)
500
523,712
5.00%,
02/01/54 (c)
1,000
1,043,677
5,056,298
Iowa
:
0.3%
Iowa
Finance
Authority,
Midwestern
Disaster
Area,
Iowa
Fertilizer
Co.
Project,
Series
A
(RB)
5.00%,
12/01/50 (c)
(p)
500
525,462
Iowa
Finance
Authority,
Series
A
(RB)
5.00%,
08/01/49 (c)
530
574,273
7
Par
(000’s)
Value
Iowa
(continued)
Iowa
Finance
Authority,
Single
Family
Mortgage,
Series
C
(RB)
4.85%,
07/01/43 (c)
$
500
$
516,015
1,615,750
Kentucky
:
0.6%
Kentucky
Bond
Development
Corp.,
Lexington
Center
Corp.
Project
(RB)
4.00%,
09/01/48 (c)
1,225
1,178,288
Kentucky
Economic
Development
Finance
Authority,
Louisville
Arena
Project,
Series
A
(RB)
(AGM)
4.00%,
12/01/41 (c)
750
749,485
Louisville
and
Jefferson
County,
Metro
Government,
Series
A
(GO)
4.00%,
12/01/43 (c)
1,000
1,022,542
2,950,315
Louisiana
:
1.0%
City
of
Shreveport,
Louisiana
Water
and
Sewer,
Series
B
(RB)
(AGM)
4.00%,
12/01/49 (c)
700
669,851
Louisiana
Stadium
and
Exposition
District,
Series
A
(RB)
5.00%,
07/01/48 (c)
1,000
1,090,397
5.25%,
07/01/53 (c)
1,500
1,655,066
State
of
Louisiana,
Series
A
(GO)
4.00%,
04/01/43 (c)
1,500
1,511,138
4,926,452
Maine
:
0.1%
Maine
Turnpike
Authority
(RB)
4.00%,
07/01/50 (c)
750
722,430
Underline
Maryland
:
1.7%
County
of
Baltimore,
Metropolitan
District
(GO)
5.00%,
03/01/49 (c)
1,000
1,115,387
Maryland
Community
Development
Administration,
Series
A
(RB)
(AGM)
1.95%,
09/01/41 (c)
310
213,074
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Adventist
Healthcare,
Series
B
(RB)
4.00%,
01/01/51 (c)
500
432,752
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Greater
Baltimore
Medical
Center,
Series
A
(RB)
3.00%,
07/01/46 (c)
500
390,210
Par
(000’s)
Value
Maryland
(continued)
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Lifebridge
Health
(RB)
5.00%,
07/01/47 (c)
$
1,000
$
1,009,166
Maryland
Stadium
Authority,
Built
to
Learn,
Series
A
(RB)
4.00%,
06/01/52 (c)
1,000
979,195
Maryland
Stadium
Authority,
Construction
and
Revitalization
Program,
Series
A
(RB)
5.00%,
05/01/42 (c)
1,000
1,056,680
Maryland
Transportation
Authority,
Transportation
Facilities
Projects,
Series
A
(RB)
5.00%,
07/01/51 (c)
1,000
1,083,912
Montgomery
County,
Trinity
Health
Credit
Group,
Series
MD
(RB)
5.00%,
12/01/44 (c)
1,000
1,011,930
Washington
Suburban
Sanitary
District
(RB)
4.00%,
06/01/46 (c)
1,000
1,019,702
8,312,008
Massachusetts
:
4.0%
Commonwealth
of
Massachusetts
Transportation,
Series
A
(RB)
3.00%,
06/01/50 (c)
800
640,652
5.00%,
06/01/42 (c)
500
554,608
Commonwealth
of
Massachusetts
Transportation,
Series
B
(RB)
5.00%,
06/01/43 (c)
560
611,503
5.00%,
06/01/52 (c)
1,000
1,092,799
Commonwealth
of
Massachusetts,
Series
A
(GO)
5.00%,
01/01/45 (c)
1,000
1,050,529
5.00%,
01/01/49 (c)
1,000
1,107,476
5.00%,
04/01/42 (c)
275
286,995
5.00%,
05/01/53 (c)
1,000
1,092,972
Commonwealth
of
Massachusetts,
Series
B
(GO)
2.12%,
04/01/51 (c)
1,300
799,864
5.00%,
11/01/52 (c)
1,190
1,297,680
Commonwealth
of
Massachusetts,
Series
C
(GO)
3.00%,
03/01/48 (c)
360
291,564
Commonwealth
of
Massachusetts,
Series
D
(GO)
5.00%,
10/01/53 (c)
1,000
1,096,456
5.00%,
07/01/45 (c)
750
811,718
Commonwealth
of
Massachusetts,
Series
E
(GO)
5.00%,
11/01/45 (c)
605
657,065
5.00%,
11/01/50 (c)
1,000
1,069,970
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
8
Par
(000’s)
Value
Massachusetts
(continued)
Massachusetts
Bay
Transportation
Authority,
Sales
Tax,
Series
A
(RB)
4.00%,
07/01/51 (c)
$
800
$
792,709
4.00%,
07/01/53 (c)
1,000
996,954
Massachusetts
Development
Finance
Agency,
Beth
Israel
Lahey
Health,
Inc.,
Series
J
(RB)
5.00%,
07/01/53 (c)
500
511,386
Massachusetts
Development
Finance
Agency,
Boston
Medical
Center
Issue,
Series
D
(RB)
5.00%,
07/01/44 (c)
500
500,686
Massachusetts
Development
Finance
Agency,
Boston
Medical
Center
Issue,
Series
G
(RB)
5.25%,
07/01/52 (c)
1,000
1,086,189
Massachusetts
Development
Finance
Agency,
Boston
University,
Series
FF
(RB)
5.00%,
10/01/48 (c)
1,105
1,223,398
Massachusetts
Port
Authority,
Series
B
(RB)
(SBG)
5.00%,
07/01/44 (c)
305
327,606
Massachusetts
School
Building
Authority,
Sales
Tax,
Series
A
(RB)
5.00%,
02/15/44 (c)
1,055
1,132,246
5.00%,
08/15/50 (c)
750
804,649
19,837,674
Michigan
:
2.0%
Great
Lakes
Water
Authority,
Water
Supply
System,
Second
Lien,
Series
B
(RB)
5.00%,
07/01/46 (c)
390
399,343
Great
Lakes
Water
Authority,
Water
Supply
System,
Senior
Lien,
Series
A
(RB)
5.00%,
07/01/46 (c)
570
583,523
Michigan
Finance
Authority,
Beaumont
Health,
Series
A
(RB)
5.00%,
11/01/44 (c)
1,000
1,006,548
Michigan
Finance
Authority,
McLaren
Health
Care,
System
A
(RB)
4.00%,
02/15/47 (c)
1,000
963,636
Michigan
Finance
Authority,
Trinity
Health
Credit
Group,
Series
A
(RB)
5.00%,
12/01/42 (c)
500
519,344
Michigan
State
Building
Authority,
Facilities
Program,
Series
I
(RB)
5.00%,
10/15/50 (c)
500
508,050
Par
(000’s)
Value
Michigan
(continued)
Michigan
State
Housing
Development
Authority,
Rental
Housing,
Series
A
(RB)
3.35%,
10/01/49 (c)
$
500
$
407,572
3.60%,
10/01/60 (c)
1,000
818,096
4.88%,
10/01/43 (c)
1,000
1,026,497
Michigan
State
University,
Board
of
Trustee,
Series
B
(RB)
5.00%,
02/15/48 (c)
765
813,785
State
of
Michigan,
Trunk
Line
Fund
(RB)
5.00%,
11/15/46 (c)
2,000
2,254,219
State
of
Michigan,
Trunk
Line
Fund,
Series
A
(RB)
4.00%,
11/15/46 (c)
620
625,884
9,926,497
Minnesota
:
0.7%
Duluth
Economic
Development
Authority,
Minnesota
Health
Facilities,
Series
A
(RB)
5.25%,
02/15/58 (c)
1,000
1,029,004
Minnesota
Housing
Finance
Agency
Residential
Housing,
Series
B
(RB)
2.50%,
07/01/51 (c)
530
368,991
Minnesota
Housing
Finance
Agency
Residential
Housing,
Series
I
(RB)
2.15%,
07/01/45 (c)
890
638,707
3.00%,
01/01/51 (c)
395
383,283
Minnesota
Housing
Finance
Agency
Residential
Housing,
Series
M
(RB)
5.15%,
07/01/45 (c)
500
527,832
St.
Louis
Park
Independent
School
District
No.
283,
Series
A
(GO)
(SD
CRED
PROG)
4.25%,
02/01/43 (c)
500
515,458
3,463,275
Mississippi
:
0.1%
Mississippi
Hospital
Equipment
and
Facilities
Authority,
Baptist
Memorial
Health
Corp.,
Series
A
(RB)
5.00%,
09/01/41 (c)
500
508,161
Underline
Missouri
:
0.9%
County
of
Jackson,
Series
A
(RB)
4.25%,
12/01/53 (c)
1,000
989,391
4.38%,
12/01/58 (c)
1,000
1,003,015
Health
&
Educational
Facilities
Authority
of
the
State
of
Missouri
(RB)
5.00%,
11/15/45 (c)
1,000
1,002,768
Missouri
State
Health
and
Educational
Facilities
Authority,
Mercy
Health,
Series
C
(RB)
4.00%,
11/15/49 (c)
500
479,202
9
Par
(000’s)
Value
Missouri
(continued)
Missouri
State
Health
and
Educational
Facilities
Authority,
Mercy
Health,
Series
F
(RB)
4.25%,
11/15/48 (c)
$
1,000
$
1,000,266
4,474,642
Nebraska
:
0.8%
Central
Plains
Energy
Project,
Gas
Project
Crossover
No.
3,
Series
A
(RB)
5.00%,
09/01/42
500
546,530
City
of
Omaha
and
County
of
Douglas,
Public
Building,
Series
B
(GO)
4.00%,
05/01/50 (c)
550
539,566
Nebraska
Investment
Finance
Authority,
Single
Family
Housing,
Series
E
(RB)
4.80%,
09/01/53 (c)
500
509,760
Omaha
Public
Power
District,
Nebraska
Electric
System,
Series
A
(RB)
4.00%,
02/01/51 (c)
750
738,399
University
of
Nebraska
Facilities
Corp.,
Series
A
(RB)
4.00%,
07/15/59 (c)
750
713,648
4.00%,
07/15/62 (c)
1,000
946,258
3,994,161
Nevada
:
0.9%
City
of
Carson,
Tahoe
Regional
Healthcare
Project
(RB)
5.00%,
09/01/42 (c)
390
398,478
City
of
Henderson,
Utility
System,
Series
A-1
(GO)
4.00%,
06/01/50 (c)
675
667,330
County
of
Clarke,
School
District,
Limited
Tax,
Series
A
(GO)
4.00%,
06/15/42 (c)
1,000
1,010,314
County
of
Clarke,
Water
Reclamation
District,
Limited
Tax
(GO)
5.00%,
07/01/45 (c)
1,000
1,106,425
Las
Vegas
Convention
and
Visitors
Authority,
Series
B
(RB)
4.00%,
07/01/49 (c)
1,000
970,295
Las
Vegas
Convention
and
Visitors
Authority,
Series
B
(RB)
(NATL)
5.00%,
07/01/43 (c)
275
290,333
4,443,175
New
Hampshire
:
0.1%
National
Finance
Authority
Hospital,
St.
Lukes
University
Health
Network
Project,
Series
B
(RB)
(AGM)
3.00%,
08/15/46 (c)
500
406,503
Underline
Par
(000’s)
Value
New
Jersey
:
3.2%
Hudson
County
Improvement
Authority,
Courthouse
Project
(RB)
4.00%,
10/01/46 (c)
$
1,000
$
1,002,817
New
Jersey
Economic
Development
Authority
School
Facilities,
Series
FFF
(RB)
4.62%,
06/15/48 (c)
1,000
1,013,558
New
Jersey
Educational
Facilities
Authority,
New
Jersey
Princeton
University,
Series
C
(RB)
2.00%,
03/01/41 (c)
500
362,140
New
Jersey
Health
Care
Facilities
Financing
Authority,
Atlanticare
Health
System
(RB)
2.50%,
07/01/51 (c)
490
318,671
New
Jersey
Health
Care
Facilities
Financing
Authority,
Inspira
Health,
Series
A
(RB)
4.00%,
07/01/41 (c)
800
800,585
New
Jersey
Health
Care
Facilities
Financing
Authority,
RWJ
Barnabas
Health,
Series
A
(RB)
4.00%,
07/01/41 (c)
555
561,408
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
(RB)
4.80%,
10/01/53 (c)
500
508,411
New
Jersey
Transportation
Trust
Fund
Authority,
Series
AA
(RB)
4.00%,
06/15/45 (c)
1,500
1,490,694
4.25%,
06/15/44 (c)
640
640,096
4.50%,
06/15/49 (c)
910
914,502
5.00%,
06/15/45 (c)
1,000
1,011,242
New
Jersey
Transportation
Trust
Fund
Authority,
Series
BB
(RB)
3.50%,
06/15/46 (c)
365
323,428
4.00%,
06/15/44 (c)
1,000
995,096
5.25%,
06/15/50 (c)
1,000
1,103,367
New
Jersey
Turnpike
Authority,
Series
A
(RB)
4.00%,
01/01/48 (c)
1,280
1,280,566
4.00%,
01/01/51 (c)
1,000
996,151
New
Jersey
Turnpike
Authority,
Series
E
(RB)
5.00%,
01/01/45 (c)
955
966,545
South
Jersey
Transportation
Authority,
Transportation
System,
Series
A
(RB)
5.00%,
11/01/45 (c)
500
524,356
Tobacco
Settlement
Financing
Corp.,
Series
A
(RB)
5.00%,
06/01/46 (c)
500
509,707
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
10
Par
(000’s)
Value
New
Jersey
(continued)
Tobacco
Settlement
Financing
Corp.,
Series
B
(RB)
5.00%,
06/01/46 (c)
$
465
$
473,132
15,796,472
New
Mexico
:
0.1%
New
Mexico
Mortgage
Finance
Authority,
Single
Family
Mortgage,
Series
F
(RB)
3.05%,
07/01/44 (c)
290
243,276
Underline
New
York
:
20.8%
Battery
Park
City
Authority,
Series
A
(RB)
4.00%,
11/01/44 (c)
1,000
1,010,634
City
of
New
York,
Series
A
(GO)
4.00%,
08/01/50 (c)
1,000
988,222
4.12%,
08/01/53 (c)
2,000
1,992,355
City
of
New
York,
Series
C
(GO)
4.00%,
08/01/41 (c)
1,000
1,015,261
5.00%,
08/01/43 (c)
500
545,264
City
of
New
York,
Series
D
(GO)
(BAM)
4.00%,
03/01/50 (c)
1,000
988,300
5.00%,
03/01/43 (c)
1,000
1,085,277
City
of
New
York,
Series
F
(GO)
5.00%,
03/01/50 (c)
1,000
1,076,229
County
of
Monroe,
Industrial
Development
Corp.,
University
of
Rochester
Project,
Series
A
(RB)
4.00%,
07/01/50 (c)
900
882,361
Dutchess
County
Local
Development
Corp.,
Bard
College
Project,
Series
A
(RB)
5.00%,
07/01/51 (c)
1,000
1,013,906
Hudson
Yards
Infrastructure
Corp.,
Series
A
(RB)
5.00%,
02/15/42 (c)
645
672,456
Hudson
Yards
Infrastructure
Corp.,
Series
A
(RB)
(AGM)
4.00%,
02/15/47 (c)
1,000
1,001,150
Long
Island
Power
Authority
Electric
System
(RB)
5.00%,
09/01/42 (c)
1,500
1,573,041
Los
Angeles
Department
of
Water
and
Power,
Series
B
(RB)
5.00%,
09/01/45 (c)
1,000
1,015,292
Metropolitan
Transportation
Authority,
Series
A
(RB)
4.00%,
11/15/51 (c)
1,000
994,180
Metropolitan
Transportation
Authority,
Series
A
(RB)
(AGM)
5.00%,
11/15/44 (c)
715
750,352
Metropolitan
Transportation
Authority,
Series
A-1
(RB)
4.00%,
11/15/43 (c)
400
393,132
4.00%,
11/15/49 (c)
1,000
950,165
5.00%,
11/15/45 (c)
590
592,049
Par
(000’s)
Value
New
York
(continued)
Metropolitan
Transportation
Authority,
Series
B-1
(RB)
5.00%,
11/15/51 (c)
$
500
$
512,410
Metropolitan
Transportation
Authority,
Series
C
(RB)
(AGM)
4.00%,
11/15/45 (c)
1,000
994,624
Metropolitan
Transportation
Authority,
Series
C-1
(RB)
4.75%,
11/15/45 (c)
1,000
1,027,122
5.25%,
11/15/56 (c)
1,050
1,080,158
Metropolitan
Transportation
Authority,
Series
D
(RB)
4.00%,
11/15/42 (c)
1,245
1,221,695
4.00%,
11/15/46 (c)
250
241,324
Metropolitan
Transportation
Authority,
Series
E
(RB)
5.00%,
11/15/43 (c)
180
180,039
Monroe
County
Industrial
Development
Corp.
Rochester
Regional
Health
Project,
Series
A
(RB)
4.00%,
12/01/46 (c)
650
579,367
MTA
Hudson
Rail
Yards
Trust,
Series
A
(RB)
5.00%,
11/15/56 (c)
1,000
992,524
New
York
City
Environmental
Facilities,
Clean
Water
and
Drinking
Water,
Series
B
(RB)
4.00%,
06/15/49 (c)
500
501,047
New
York
City
Housing
Development
Corp.,
Housing
Impact,
Series
A
(RB)
4.80%,
02/01/53 (c)
500
507,307
New
York
City
Housing
Development
Corp.,
Multi-
Family
Housing,
Series
A-1
(RB)
4.85%,
11/01/53 (c)
1,500
1,527,536
New
York
City
Housing
Development
Corp.,
Multi-
Family
Housing,
Series
C-1
(RB)
2.25%,
11/01/41 (c)
800
585,921
New
York
City
Housing
Development
Corp.,
Multi-
Family
Housing,
Series
E-1
(RB)
4.85%,
11/01/53 (c)
750
764,419
New
York
City
Housing
Development
Corp.,
Multi-
Family
Housing,
Series
J
(RB)
3.05%,
11/01/49 (c)
555
438,540
New
York
City
Municipal
Water
Finance
Authority,
Water
and
Sewer
System,
Series
AA
(RB)
4.00%,
06/15/50 (c)
1,000
991,684
5.00%,
06/15/48 (c)
850
927,280
11
Par
(000’s)
Value
New
York
(continued)
New
York
City
Municipal
Water
Finance
Authority,
Water
and
Sewer
System,
Series
BB
(RB)
4.00%,
06/15/45 (c)
$
2,000
$
2,010,682
5.00%,
06/15/49 (c)
1,000
1,070,978
5.00%,
06/15/44 (c)
955
1,060,150
New
York
City
Municipal
Water
Finance
Authority,
Water
and
Sewer
System,
Series
CC
(RB)
3.75%,
06/15/47 (c)
710
672,086
4.00%,
06/15/52 (c)
500
494,670
4.00%,
06/15/45 (c)
500
496,190
5.00%,
06/15/52 (c)
1,000
1,089,193
New
York
City
Municipal
Water
Finance
Authority,
Water
and
Sewer
System,
Series
CC
(RB)
(FHA
542(C))
4.00%,
06/15/51 (c)
1,000
991,311
5.00%,
06/15/51 (c)
500
542,826
New
York
City
Municipal
Water
Finance
Authority,
Water
and
Sewer
System,
Series
DD
(RB)
4.12%,
06/15/47 (c)
1,000
1,006,015
New
York
City
Municipal
Water
Finance
Authority,
Water
and
Sewer
System,
Series
FF
(RB)
(SBG)
5.00%,
06/15/41 (c)
1,000
1,102,742
New
York
City
Transitional
Finance
Authority
Building
Aid,
Series
S-1
(RB)
(SAW)
3.00%,
07/15/49 (c)
350
278,914
5.00%,
07/15/43 (c)
500
530,822
New
York
City
Transitional
Finance
Authority,
Future
Tax
Secured
Subordinate,
Series
B
(RB)
5.25%,
05/01/50 (c)
1,000
1,135,185
New
York
City
Transitional
Finance
Authority,
Future
Tax
Secured
Subordinate,
Series
B-1
(RB)
4.00%,
08/01/42 (c)
1,500
1,507,095
4.00%,
08/01/45 (c)
1,000
996,368
New
York
City
Transitional
Finance
Authority,
Future
Tax
Secured
Subordinate,
Series
C
(RB)
5.25%,
05/01/48 (c)
2,000
2,281,115
New
York
City
Transitional
Finance
Authority,
Future
Tax
Secured
Subordinate,
Series
C-1
(RB)
4.00%,
05/01/41 (c)
500
502,255
4.00%,
05/01/44 (c)
1,000
1,000,104
4.00%,
11/01/42 (c)
1,120
1,121,252
5.00%,
02/01/44 (c)
565
626,364
Par
(000’s)
Value
New
York
(continued)
New
York
City
Transitional
Finance
Authority,
Future
Tax
Secured
Subordinate,
Series
D-1
(RB)
4.00%,
11/01/47 (c)
$
500
$
496,670
New
York
City
Transitional
Finance
Authority,
Future
Tax
Secured
Subordinate,
Series
E-1
(RB)
2.25%,
02/01/51 (c)
650
412,347
4.00%,
02/01/44 (c)
1,000
988,413
5.00%,
02/01/43 (c)
1,000
1,042,515
New
York
City
Transitional
Finance
Authority,
Future
Tax
Secured
Subordinate,
Series
F-1
(RB)
4.00%,
02/01/51 (c)
1,000
986,141
5.25%,
02/01/47 (c)
1,000
1,134,288
New
York
City
Water
and
Sewer
System,
Series
BB
(RB)
4.00%,
06/15/50 (c)
640
634,678
New
York
City,
Series
B-1
(GO)
5.25%,
10/01/42 (c)
1,000
1,141,875
New
York
City,
Series
D-1
(GO)
5.00%,
12/01/43 (c)
1,000
1,069,593
New
York
Convention
Center
Development
Corp.,
Series
A
(RB)
0.00%,
11/15/54 ^
170
37,207
New
York
Liberty
Development
Corp.,
1
World
Trade
Center
Project
(RB)
4.00%,
02/15/43 (c)
620
623,100
New
York
State
Dormitory
Authority,
New
School,
Series
A
(RB)
4.00%,
07/01/43 (c)
475
468,606
5.00%,
07/01/46 (c)
420
426,941
New
York
State
Dormitory
Authority,
Personal
Income
Tax,
Series
A
(RB)
3.00%,
03/15/42 (c)
500
433,390
5.00%,
03/15/49 (c)
500
540,500
New
York
State
Dormitory
Authority,
Personal
Income
Tax,
Series
B
(RB)
5.00%,
02/15/44 (c)
730
736,700
5.00%,
02/15/42 (c)
1,500
1,577,308
New
York
State
Dormitory
Authority,
Sales
Tax,
Series
A
(RB)
4.00%,
03/15/48 (c)
1,000
995,926
New
York
State
Dormitory
Authority,
St.
John's
University,
Series
A
(RB)
4.00%,
07/01/48 (c)
550
532,804
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
12
Par
(000’s)
Value
New
York
(continued)
New
York
State
Dormitory
Authority,
State
Sales
Tax,
Series
A
(RB)
4.00%,
03/15/47 (c)
$
800
$
796,178
4.00%,
03/15/49 (c)
1,000
995,293
5.00%,
03/15/45 (c)
1,000
1,051,811
New
York
State
Dormitory
Authority,
State
Sales
Tax,
Series
C
(RB)
5.00%,
03/15/42 (c)
1,000
1,057,885
New
York
State
Dormitory
Authority,
State
Sales
Tax,
Series
E
(RB)
5.00%,
03/15/48 (c)
500
525,998
New
York
State
Mortgage
Agency,
Homeowner
Mortgage
(RB)
4.90%,
10/01/53 (c)
1,355
1,386,947
New
York
State
Mortgage
Agency,
Homeowner
Mortgage
(RB)
(SBG)
2.55%,
04/01/50 (c)
330
230,613
New
York
State
Power
Authority,
Green
Transmission
Project,
Series
A
(RB)
(AGM)
4.00%,
11/15/61 (c)
1,000
970,284
New
York
State
Power
Authority,
Series
A
(RB)
4.00%,
11/15/50 (c)
500
498,296
New
York
State
Thruway
Authority,
Junior
Indebtedness,
Series
B
(RB)
4.00%,
01/01/45 (c)
1,440
1,423,969
New
York
State
Thruway
Authority,
Personal
Income
Tax,
Series
A
(RB)
4.00%,
03/15/55 (c)
1,000
988,311
5.00%,
03/15/46 (c)
1,000
1,105,468
New
York
State
Thruway
Authority,
Series
A
(RB)
5.00%,
01/01/41 (c)
1,000
1,027,081
New
York
State
Thruway
Authority,
Series
P
(RB)
5.25%,
01/01/54 (c)
1,000
1,112,798
New
York
State
Urban
Development
Corp.,
Personal
Income
Tax,
Series
A
(RB)
4.00%,
03/15/53 (c)
1,000
978,075
5.00%,
03/15/43 (c)
500
528,898
New
York
State
Urban
Development
Corp.,
Personal
Income
Tax,
Series
C
(RB)
3.00%,
03/15/48 (c)
550
443,392
5.00%,
03/15/47 (c)
2,000
2,169,987
New
York
State
Urban
Development
Corp.,
State
Sales
Tax,
Series
A
(RB)
3.00%,
03/15/50 (c)
1,000
798,017
Par
(000’s)
Value
New
York
(continued)
New
York
State,
Dormitory
Authority,
Personal
Income
Tax,
Series
D
(RB)
5.00%,
02/15/48 (c)
$
820
$
879,372
New
York
Transportation
Development
Corp.,
Terminal
4
John
F.
Kennedy
International
Airport
Project,
Series
C
(RB)
4.00%,
12/01/42 (c)
925
896,456
4.00%,
12/01/41 (c)
1,230
1,201,809
Port
Authority
of
New
York
&
New
Jersey
(RB)
5.00%,
10/15/41 (c)
1,000
1,024,351
5.00%,
07/15/43 (c)
1,000
1,131,554
Suffolk
Tobacco
Asset
Securitization
Corp.,
Series
B-1
(RB)
4.00%,
06/01/50 (c)
940
950,090
Triborough
Bridge
and
Tunnel
Authority
Sales
Tax,
Series
A
(RB)
4.00%,
05/15/57 (c)
840
813,451
4.25%,
05/15/58 (c)
1,000
1,005,568
Triborough
Bridge
and
Tunnel
Authority,
Payroll
Mobility
Tax,
Series
B
(RB)
5.00%,
05/15/56 (c)
500
520,158
5.25%,
11/15/53 (c)
750
841,559
Triborough
Bridge
and
Tunnel
Authority,
Payroll
Mobility
Tax,
Series
C
(RB)
4.00%,
05/15/51 (c)
750
744,917
5.00%,
05/15/51 (c)
1,000
1,081,504
5.00%,
11/15/43 (c)
1,000
1,129,213
Triborough
Bridge
and
Tunnel
Authority,
Payroll
Mobility
Tax,
Series
D
(RB)
4.50%,
05/15/47 (c)
500
517,793
Triborough
Bridge
and
Tunnel
Authority,
Series
A
(RB)
4.00%,
11/15/47 (c)
1,000
991,606
5.00%,
11/15/49 (c)
1,000
1,077,644
5.00%,
11/15/54 (c)
750
803,053
5.00%,
11/15/51 (c)
1,000
1,079,311
TSASC,
Inc.,
Tobacco
Settlement,
Series
A
(RB)
5.00%,
06/01/41 (c)
1,000
1,015,547
102,202,199
North
Carolina
:
1.2%
Charlotte-Mecklenburg
Hospital
Authority,
Atrium
HealthCare,
Series
A
(RB)
4.00%,
01/15/43 (c)
600
600,781
City
of
Raleigh,
North
Carolina
Combine
Enterprise
System
(RB)
4.00%,
09/01/44 (c)
610
626,854
13
Par
(000’s)
Value
North
Carolina
(continued)
North
Carolina
Housing
Finance
Agency,
Home
Ownership
(RB)
4.88%,
07/01/42 (c)
$
500
$
520,958
North
Carolina
Housing
Finance
Agency,
Home
Ownership,
Series
A
(RB)
4.38%,
07/01/44 (c)
1,000
1,009,050
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities,
Series
A
(RB)
4.00%,
11/01/49 (c)
1,000
977,349
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
(RB)
5.00%,
01/01/44 (c)
500
525,674
5.00%,
01/01/49 (c)
750
781,305
University
of
North
Carolina,
Hospitals
at
Chapel
Hill
(RB)
5.00%,
02/01/45
800
951,773
5,993,744
North
Dakota
:
0.2%
North
Dakota
Housing
Finance
Agency,
Home
Mortgage
Finance
Program,
Series
A
(RB)
4.70%,
07/01/47 (c)
1,000
1,016,104
Underline
Ohio
:
1.9%
Buckeye
Tobacco
Settlement
Financing
Authority,
Series
A-2
(RB)
4.00%,
06/01/48 (c)
1,000
925,074
County
of
Allen,
Ohio
Hospital
Facilities,
Mercy
Health,
Series
A
(RB)
4.00%,
08/01/47 (c)
510
498,975
5.00%,
11/01/43 (c)
600
604,668
County
of
Cuyahoga,
Ohio
Hospital,
The
Metrohealth
System
(RB)
5.00%,
02/15/42 (c)
1,000
1,004,471
5.00%,
02/15/57 (c)
1,000
994,150
5.25%,
02/15/47 (c)
1,000
1,008,974
5.50%,
02/15/57 (c)
1,000
1,012,319
County
of
Franklin,
Ohio
Various
Purpose
Sales
Tax
(RB)
5.00%,
06/01/48 (c)
1,075
1,139,377
County
of
Hamilton,
Ohio
Healthcare
Improvement,
Life
Enriching
Communities
Project
(RB)
5.00%,
01/01/46 (c)
250
234,182
County
of
Hamilton,
Ohio
Hospital
Facilities,
TriHealth
,
Inc.
(RB)
5.00%,
08/15/42 (c)
1,000
1,035,004
Par
(000’s)
Value
Ohio
(continued)
Ohio
Higher
Educational
Facility
Commission,
Oberlin
College
Project
(RB)
5.00%,
10/01/48 (c)
$
500
$
553,574
Ohio
Water
Development
Authority,
Fresh
Water
(RB)
5.00%,
06/01/44 (c)
500
543,859
9,554,627
Oklahoma
:
0.1%
Oklahoma
Turnpike
Authority,
Series
A
(RB)
4.00%,
01/01/48 (c)
700
701,329
Underline
Oregon
:
0.8%
City
of
Portland,
Oregon
Sewer
System,
Series
A
(RB)
5.00%,
12/01/42 (c)
500
572,118
Multnomah
County
School
District
No.
1J,
Series
B
(GO)
(SBG)
2.00%,
06/15/42 (c)
550
382,955
3.25%,
06/15/42 (c)
295
268,323
Oregon
Health
and
Science
University,
Series
A
(RB)
4.00%,
07/01/51 (c)
1,000
978,208
Tri-County
Metropolitan
Transportation
District
of
Oregon,
Series
A
(RB)
3.00%,
09/01/44 (c)
935
784,394
University
of
Oregon,
Series
A
(RB)
5.00%,
04/01/50 (c)
1,000
1,063,828
4,049,826
Pennsylvania
:
3.8%
Allegheny
County
Hospital
Development
Authority,
Allegheny
Health
Network,
Series
A
(RB)
5.00%,
04/01/47 (c)
1,000
1,020,894
Chester
County
Health
and
Education
Facilities
Authority,
Main
Line
Health
System,
Series
A
(RB)
4.00%,
09/01/50 (c)
645
605,170
City
of
Philadelphia,
Pennsylvania
Gas
Works
(RB)
5.00%,
08/01/47 (c)
805
827,989
City
of
Philadelphia,
Pennsylvania
Water
&
Wastewater,
Series
A
(RB)
5.00%,
10/01/52 (c)
500
515,480
5.00%,
10/01/47 (c)
500
519,437
Commonwealth
of
Pennsylvania,
Series
A
(CP)
(FHA)
4.00%,
07/01/46 (c)
1,170
1,143,141
DuBois
Hospital
Authority,
Penn
Highlands
Healthcare
(RB)
5.00%,
07/15/43 (c)
280
287,431
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
14
Par
(000’s)
Value
Pennsylvania
(continued)
Geisinger
Authority,
Health
System,
Series
A
(RB)
5.00%,
04/01/50 (c)
$
1,000
$
1,041,518
Lancaster
County,
Hospital
Authority,
Penn
State
Health
(RB)
5.00%,
11/01/51 (c)
1,000
1,039,375
Pennsylvania
Economic
Development
Financing
Authority,
Presbyterian
Senior
Living
Project,
Series
B-2
(RB)
5.25%,
07/01/46 (c)
1,000
1,035,708
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
(RB)
2.28%,
10/01/41 (c)
500
378,138
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage,
Series
A
(RB)
4.85%,
10/01/43 (c)
500
514,167
5.00%,
10/01/43 (c)
1,000
1,052,241
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage,
Series
B
(RB)
3.65%,
10/01/42 (c)
260
237,629
Pennsylvania
State
University
(RB)
5.25%,
09/01/53 (c)
1,000
1,127,695
Pennsylvania
Turnpike
Commission,
Oil
Franchise
Tax,
Series
A
(RB)
(AGM)
5.00%,
12/01/48 (c)
290
305,217
Pennsylvania
Turnpike
Commission,
Oil
Franchise,
Series
A
(RB)
(BAM)
4.00%,
12/01/51 (c)
1,000
988,092
Pennsylvania
Turnpike
Commission,
Series
A
(RB)
5.00%,
12/01/44 (c)
1,000
1,009,215
Pennsylvania
Turnpike
Commission,
Series
A
(RB)
(AGM)
4.00%,
12/01/49 (c)
1,045
1,043,822
Pennsylvania
Turnpike
Commission,
Series
A-1
(RB)
5.00%,
12/01/47 (c)
900
930,443
Pennsylvania
Turnpike
Commission,
Series
B
(RB)
4.00%,
12/01/46 (c)
1,000
988,276
5.00%,
12/01/45 (c)
800
867,247
Upper
Merion
Area
School
District,
Series
A
(GO)
(SAW)
4.00%,
01/15/46 (c)
1,105
1,105,696
18,584,021
Rhode
Island
:
0.1%
State
of
Rhode
Island,
Series
A
(GO)
4.12%,
08/01/42 (c)
600
617,717
Underline
Par
(000’s)
Value
South
Carolina
:
1.1%
South
Carolina
Jobs-Economic
Development
Authority,
Mercy
Health,
Series
A
(RB)
4.00%,
12/01/44 (c)
$
1,355
$
1,353,908
South
Carolina
Jobs-Economic
Development
Authority,
Prisma
Health,
Series
A
(RB)
5.00%,
05/01/48 (c)
1,000
1,020,986
South
Carolina
Public
Service
Authority,
Santee
Cooper,
Series
A
(RB)
4.00%,
12/01/52 (c)
500
470,995
South
Carolina
Public
Service
Authority,
Series
E
(RB)
5.25%,
12/01/55 (c)
1,500
1,510,117
University
of
South
Carolina,
Campus
Village
Project,
Series
A
(RB)
5.00%,
05/01/46 (c)
820
890,440
5,246,446
Tennessee
:
1.0%
City
of
Memphis,
Tennessee
Improvement
(GO)
4.00%,
05/01/45 (c)
665
665,396
Metropolitan
Government
of
Nashville
and
Davidson
County,
Vanderbilt
University
Medical
Center,
Series
A
(RB)
5.00%,
07/01/46 (c)
1,500
1,513,902
Tennessee
Housing
Development
Agency,
Residential
Finance
Program
(RB)
2.95%,
07/01/49 (c)
335
261,193
3.60%,
07/01/42 (c)
225
211,003
Tennessee
Housing
Development
Agency,
Residential
Finance
Program,
Series
A
(RB)
5.40%,
07/01/53 (c)
1,000
1,050,595
Tennessee
Housing
Development
Agency,
Series
B
(RB)
3.45%,
07/01/40 (c)
185
171,832
Tennessee
State
School
Bond
Authority,
Higher
Education
Facilities,
Series
A
(RB)
5.00%,
11/01/42 (c)
1,040
1,089,994
4,963,915
Texas
:
11.7%
Arlington
Higher
Education
Finance
Corp.,
Harmony
Public
Schools,
Series
A
(RB)
3.00%,
02/15/46 (c)
1,000
778,754
Arlington
Higher
Education
Finance
Corp.,
Riverwalk
Education
Foundation,
Inc.
(RB)
4.00%,
08/15/44 (c)
675
667,406
15
Par
(000’s)
Value
Texas
(continued)
Austin
Independent
School
District,
Unlimited
Tax
School
Building
(GO)
4.00%,
08/01/48 (c)
$
1,000
$
977,273
Board
of
Regents
of
the
University
of
Texas
System,
Series
A
(RB)
3.00%,
08/15/41 (c)
525
452,563
4.00%,
07/01/41 (c)
500
512,248
Board
of
Regents
of
the
University
of
Texas
System,
Series
E
(RB)
4.00%,
08/15/44 (c)
650
652,731
Central
Texas
Regional
Mobility
Authority,
Senior
Lien,
Series
E
(RB)
5.00%,
01/01/45 (c)
750
794,255
City
of
Austin,
Texas
Electricity
Utility
System,
Series
A
(RB)
5.00%,
11/15/49 (c)
1,375
1,456,594
City
of
Austin,
Waterwaste
System
(RB)
5.00%,
11/15/43 (c)
1,000
1,124,447
City
of
El
Paso
(GO)
4.00%,
08/15/45 (c)
950
947,651
City
of
Houston,
Texas
Public
Improvement,
Series
A
(GO)
5.25%,
03/01/42 (c)
750
854,107
City
of
Lubbock,
Texas
Electric
Light
&
Power
System
(RB)
4.00%,
04/15/46 (c)
650
645,444
City
of
Royse,
Independent
School
District
(GO)
5.00%,
02/15/48 (c)
950
1,049,205
City
of
San
Antonio,
Texas
Electric
&
Gas
Systems
(RB)
5.00%,
02/01/44 (c)
345
345,000
5.00%,
02/01/44 (c)
500
543,728
5.00%,
02/01/44 (c)
260
260,145
Colin
and
Kaufman
Counties,
School
Independent
District
(GO)
4.00%,
02/15/53 (c)
1,000
978,378
County
of
Collin,
Limited
Tax
(GO)
4.00%,
02/15/43 (c)
1,000
1,007,847
Cypress-Fairbanks
Independent
School
District,
Series
A
(GO)
2.25%,
02/15/43 (c)
600
427,864
Dallas
Fort
Worth
International
Airport,
Series
B
(RB)
4.00%,
11/01/45 (c)
3,000
2,955,518
Dallas
Independent
School
District,
Unlimited
Tax
School
Building
(GO)
4.00%,
02/15/53 (c)
1,000
983,368
5.00%,
02/15/49 (c)
1,000
1,099,321
Par
(000’s)
Value
Texas
(continued)
Denton
Independent
School
District,
Unlimited
Tax
School
Building
(GO)
5.00%,
08/15/48 (c)
$
1,000
$
1,103,457
El
Paso
Independent
School
District,
Unlimited
Tax
School
Building
(GO)
4.00%,
08/15/48 (c)
1,000
999,983
Ford
Bens
County,
Unlimited
Tax
Road
(GO)
5.25%,
03/01/53 (c)
1,000
1,109,703
Grand
Parkway
Transportation
Corp.
System,
First
Tier
Toll,
Series
C
(RB)
4.00%,
10/01/49 (c)
770
745,478
Grand
Parkway
Transportation
Corp.
System,
Subordinate
Tier
Toll,
Series
A
(RB)
5.00%,
10/01/48 (c)
640
669,436
Harris
County,
Cultural
Education
Facilities
Finance
Corp.,
Houston
Methodist
Hospital
(RB)
4.00%,
12/01/45 (c)
590
553,916
Harris
County,
Cultural
Education
Facilities
Finance
Corp.,
Texas
Children's
Hospital,
Series
A
(RB)
4.00%,
10/01/47 (c)
1,000
960,858
Harris
County,
Flood
Control
District,
Series
A
(GO)
4.00%,
10/01/45 (c)
500
501,924
Harris
County,
Hospital
District
(RB)
4.00%,
02/15/42 (c)
560
547,854
Harris
County,
Humble
Independent
School
District
(GO)
5.00%,
02/15/47 (c)
1,000
1,094,083
Harris
County,
Texas
Toll
Road,
Series
A
(RB)
4.00%,
08/15/48 (c)
2,000
1,963,149
Katy
Independent
School
District
(GO)
4.00%,
02/15/53 (c)
750
737,526
Keller
Independent
School
District
(GO)
4.00%,
02/15/47 (c)
1,000
1,007,754
Lamar
Consolidated
Independent
School
District
(GO)
(AGM)
5.50%,
02/15/58 (c)
2,000
2,248,780
Leander
Independent
School
District,
Series
A
(GO)
0.00%,
08/16/42 (c)
^
900
403,149
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
16
Par
(000’s)
Value
Texas
(continued)
Lower
Colorado
River
Authority
Transmission,
LCRA
Transmission
Services
Corp.
Project
(RB)
5.00%,
05/15/45 (c)
$
1,500
$
1,526,058
Lower
Colorado
River
Authority
Transmission,
LCRA
Transmission
Services
Corp.
Project,
Series
S
(RB)
5.00%,
05/15/43 (c)
1,000
1,054,859
North
Texas
Tollway
Authority
System,
Second
Tier
(RB)
4.25%,
01/01/49 (c)
1,000
1,000,244
Northwest
Independent
School
District,
Unlimited
Tax
School
Building
(GO)
4.00%,
02/15/47 (c)
1,000
1,003,096
Pflugerville
Independent
School
District,
Unlimited
Tax
School
Building,
Series
A
(GO)
5.00%,
02/15/48 (c)
1,000
1,059,046
Plano
Independent
School
District,
Unlimited
Tax
School
Building
(GO)
5.00%,
02/15/43 (c)
1,000
1,113,321
San
Jacinto
College
District,
Series
A
(GO)
5.00%,
02/15/44 (c)
900
950,020
State
of
Texas,
Department
of
Housing
&
Community
Affairs,
Residential
Mortgage,
Series
A
(RB)
5.25%,
01/01/53 (c)
1,000
1,054,469
Tarrant
County,
Cultural
Education
Facilities
Finance
Corp.,
Christus
Health,
Series
A
(RB)
4.00%,
07/01/53 (c)
1,220
1,131,263
Texarkana
Independent
School
District
(GO)
4.00%,
02/15/53 (c)
1,000
975,070
4.00%,
08/15/53 (c)
1,015
994,672
Texas
Department
of
Housing
and
Community
Affairs,
Residential
Mortgage,
Series
B
(RB)
5.25%,
07/01/53 (c)
1,000
1,051,104
Texas
Water
Development
Board
(RB)
4.00%,
10/15/45 (c)
500
501,890
4.75%,
10/15/42 (c)
655
711,081
4.80%,
10/15/52 (c)
1,000
1,059,690
Texas
Water
Development
Board,
Series
A
(RB)
4.00%,
10/15/49 (c)
990
976,659
5.00%,
10/15/58 (c)
1,000
1,093,475
5.00%,
10/15/43 (c)
840
893,769
Par
(000’s)
Value
Texas
(continued)
Texas
Water
Development
Board,
Series
B
(RB)
4.00%,
10/15/43 (c)
$
1,000
$
1,005,486
Tomball
Independent
School
District
(GO)
4.00%,
02/15/45 (c)
1,000
1,002,895
5.00%,
02/15/42 (c)
1,000
1,126,703
University
of
Houston,
Series
A
(RB)
5.00%,
02/15/56 (c)
500
537,754
University
of
Texas,
Series
A
(RB)
5.00%,
08/15/43 (c)
500
560,954
Waller
Independent
School
District,
Series
A
(GO)
4.00%,
02/15/48 (c)
500
498,945
Ysleta
Independent
School
District
(GO)
5.00%,
08/15/56 (c)
500
540,621
57,584,041
Utah
:
0.7%
Salt
Lake
City,
International
Airport,
Series
B
(RB)
5.00%,
07/01/43 (c)
360
382,601
University
of
Utah,
Board
of
Higher
Education,
Series
A
(RB)
4.00%,
08/01/51 (c)
1,000
994,206
5.00%,
08/01/46 (c)
1,160
1,270,473
University
of
Utah,
Board
of
Higher
Education,
Series
B
(RB)
5.00%,
08/01/42 (c)
585
653,275
Utah
County,
IHC
Health
Services,
Inc.,
Series
B
(RB)
3.00%,
05/15/47 (c)
210
169,264
3,469,819
Virginia
:
1.2%
Hampton
Roads
Transportation
Accountability
Commission,
Series
A
(RB)
4.00%,
07/01/57 (c)
600
583,123
5.00%,
07/01/60 (c)
500
531,035
5.00%,
07/01/50 (c)
625
666,865
Rector
and
Visitors
of
Virginia
University,
Series
A
(RB)
4.00%,
04/01/45 (c)
500
501,263
University
of
Virginia,
Series
A
(RB)
5.00%,
04/01/42 (c)
1,000
1,056,179
Virginia
Commonwealth
Transportation
Board,
US
Route
58,
Corridor
Development
Program,
Series
A
(RB)
4.00%,
05/15/47 (c)
500
506,387
17
Par
(000’s)
Value
Virginia
(continued)
Virginia
Small
Business
Financing
Authority
Health
Facilities,
Bon
Secours
Mercy
Health,
Series
A
(RB)
4.00%,
12/01/49 (c)
$
500
$
482,895
Virginia
Small
Business
Financing
Authority,
National
senior
Campuses,
Inc.,
Series
A
(RB)
4.00%,
01/01/45 (c)
500
462,918
Williamsburg
Economic
Development
Authority,
Virginia
Student
Housing,
William
and
Mary
Project,
Series
A
(RB)
(AGM)
4.38%,
07/01/63 (c)
1,000
1,004,462
5,795,127
Washington
:
2.0%
Central
Puget
Sound
Regional
Transit
Authority,
Sales
Tax
and
Motor
Vehicle
Excise
Tax,
Series
S
(RB)
5.00%,
11/01/41 (c)
1,000
1,038,100
City
of
Seattle,
Washington
Municipal
Light
and
Power,
Series
A
(RB)
4.00%,
05/01/45 (c)
1,000
989,437
5.00%,
03/01/53 (c)
1,000
1,081,885
Energy
Northwest,
Columbia
Generating
Station
Electric,
Series
A
(RB)
4.00%,
07/01/42 (c)
1,000
1,006,335
5.00%,
07/01/41 (c)
600
663,045
King
County,
Highline
School
District
No.
401,
Unlimited
Tax
(GO)
(SBG)
4.00%,
12/01/42 (c)
500
507,747
King
County,
Public
Hospital
District
No.
2,
Evergreen
Health,
Series
A
(GO)
4.00%,
12/01/45 (c)
650
643,426
State
of
Washington,
Various
Purpose,
Series
A
(GO)
5.00%,
08/01/42 (c)
1,000
1,084,750
5.00%,
08/01/43 (c)
1,590
1,761,054
State
of
Washington,
Various
Purpose,
Series
C
(GO)
5.00%,
02/01/42 (c)
800
847,484
Washington
Health
Care
Facilities
Authority,
Virginia
Mason
Medical
Center
(RB)
4.00%,
08/15/42 (c)
205
185,266
9,808,529
West
Virginia
:
0.3%
West
Virginia
Hospital
Finance
Authority,
West
Virginia
University
Health
System,
Series
A
(RB)
4.38%,
06/01/53 (c)
1,000
1,018,463
Par
(000’s)
Value
West
Virginia
(continued)
West
Virginia
Parkways
Authority,
Turnpike
Toll
(RB)
5.00%,
06/01/47 (c)
$
620
$
671,346
1,689,809
Wisconsin
:
1.1%
Public
Finance
Authority,
Pooled
Charter
School
(RB)
5.75%,
07/01/62 (c)
1,000
1,037,793
Public
Finance
Authority,
Renown
Regional
Medical
Center
Project,
Series
A
(RB)
4.25%,
06/01/41 (c)
500
500,539
Wisconsin
Health
and
Educational
Facilities
Authority,
Children's
Hospital,
Inc.
(RB)
4.00%,
08/15/47 (c)
1,000
946,454
Wisconsin
Health
and
Educational
Facilities
Authority,
Marshfield
Clinic
Health
System,
Inc.,
Series
A
(RB)
5.00%,
02/15/46 (c)
750
732,626
Wisconsin
Housing
and
Economic
Development
Authority,
Home
Ownership,
Series
A
(RB)
4.85%,
09/01/43 (c)
1,000
1,028,383
5.00%,
03/01/49 (c)
1,000
1,019,657
5,265,452
Total
Municipal
Bonds:
99.0%
(Cost:
$494,265,961)
487,093,798
Other
assets
less
liabilities:
1.0%
5,101,710
NET
ASSETS:
100.0%
$
492,195,508
VANECK
LONG
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
18
FootnoteRuleAboveBlank
Footnotes:
Definitions:
AGC
Assured
Guaranty
Corp.
AGM
Assured
Guaranty
Municipal
Corp.
BAM
Build
America
Assurance
Co.
CP
Certificate
of
Participation
FHA
Federal
Housing
Association
GO
General
Obligation
NATL
National
Public
Finance
Guarantee
Corp.
RB
Revenue
Bond
SA
Special
Assessment
SAW
State
Aid
Withholding
SBG
School
Board
Guaranteed
SD
CRED
PROG
Special
District
Credit
Enhancement
Program
ST
Special
Tax
(c)
Callable
Security
—
the
redemption
date
shown
is
when
the
security
may
be
redeemed
by
the
issuer
(p)
Putable
Security
—
the
redemption
date
shown
is
when
the
security
may
be
redeemed
by
the
investor
^
Zero
Coupon
Bond
Summary
of
Investments
by
Sector
%
of
Investments
Value
Hospitals
14.9
%
$
72,629,836
Local
GO
14.8
72,057,908
Tax
14.6
70,968,155
Water
&
Sewer
9.2
44,790,167
Education
7.8
38,217,491
Toll
&
Turnpike
6.7
32,652,842
State
GO
6.2
30,285,698
Transportation
5.8
28,407,601
Power
4.3
21,136,619
Single
Family
Housing
4.3
21,090,966
Leasing
COPS
&
Appropriations
3.1
14,917,165
Airport
2.2
10,698,986
Utilities
-
Other
1.5
7,480,038
Multi-Family
Housing
1.3
6,075,887
Tobacco
1.1
5,162,571
Misc
1.0
4,819,218
Industrial
Development
Revenue
0.5
2,623,727
Health
0.5
2,487,489
Unassigned
0.1
345,000
Pollution
Control
0.1
246,434
100.0
%
$
487,093,798