VANECK

MOODY’S

ANALYTICS

BBB

CORPORATE

BOND

ETF

SCHEDULE

OF

INVESTMENTS

January

31,

2024

(unaudited)

1

Par

(000's)

Value

CORPORATE

BONDS

:

98.4%

Bermuda

:

0.2%

Arch

Capital

Group

Ltd.

3.63%,

06/30/50

$

25

$

19,211

Underline

Canada

:

4.9%

Alimentation

Couche-Tard,

Inc.

144A

3.55%,

07/26/27

40

38,506

3.80%,

01/25/50

25

18,954

Bank

of

Nova

Scotia

4.59%

(US

Treasury

Yield

Curve

Rate

T

5

Year+2.05%),

05/04/37

25

22,710

Canadian

Natural

Resources

Ltd.

3.85%,

06/01/27

25

24,209

Canadian

Pacific

Railway

Co.

1.75%,

12/02/26

25

23,139

CI

Financial

Corp.

3.20%,

12/17/30

25

20,161

4.10%,

06/15/51

25

15,220

Emera

US

Finance

LP

4.75%,

06/15/46

50

41,392

Enbridge,

Inc.

2.50%,

08/01/33

25

20,141

3.12%,

11/15/29

75

68,803

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

Toronto-Dominion

Bank

8.12%

(US

Treasury

Yield

Curve

Rate

T

5

Year+4.08%),

10/31/82

50

52,056

419,595

France

:

6.7%

BNP

Paribas

SA

144A

2.59%

(US

Treasury

Yield

Curve

Rate

T

5

Year+2.05%),

08/12/35

75

61,174

4.38%,

09/28/25

25

24,618

Credit

Agricole

SA

144A

4.38%,

03/17/25

50

49,328

6.25%

(SOFR+2.67%),

01/10/35

50

51,020

Societe

Generale

SA

144A

1.49%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.10%),

12/14/26

50

46,273

1.79%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.00%),

06/09/27

50

45,725

3.00%,

01/22/30

100

87,745

3.34%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.60%),

01/21/33

50

42,179

3.62%,

03/01/41

125

87,366

4.25%,

04/14/25

50

49,124

Par

(000’s)

Value

France

(continued)

4.75%,

09/14/28

$

50

$

49,371

593,923

Germany

:

0.6%

Deutsche

Bank

AG

4.50%,

04/01/25

50

49,224

Underline

Italy

:

2.0%

Intesa

Sanpaolo

SpA

144A

6.62%,

06/20/33

25

25,731

7.00%,

11/21/25

50

51,240

7.20%,

11/28/33

50

53,615

UniCredit

SpA

144A

3.13%

(US

Treasury

Yield

Curve

Rate

T 1

Year+1.55%),

06/03/32

50

42,204

172,790

Mexico

:

0.7%

Infraestructura

Energetica

Nova

SAPI

de

CV

144A

4.75%,

01/15/51

50

38,252

Sitios

Latinoamerica

SAB

de

CV

144A

5.38%,

04/04/32

25

23,299

61,551

Netherlands

:

2.9%

Deutsche

Telekom

International

Finance

BV

8.75%,

06/15/30

75

89,371

Enel

Finance

International

NV

144A

6.80%,

10/14/25

25

25,646

Prosus

NV

144A

3.06%,

07/13/31

50

40,721

3.68%,

01/21/30

25

21,788

4.99%,

01/19/52

100

73,604

251,130

Norway

:

0.3%

Var

Energi

ASA

144A

8.00%,

11/15/32

25

28,187

Underline

United

Kingdom

:

1.8%

Barclays

Plc

3.56%

(US

Treasury

Yield

Curve

Rate

T

5

Year+2.90%),

09/23/35

50

42,890

Ferguson

Finance

Plc

144A

4.50%,

10/24/28

25

24,805

Haleon

UK

Capital

Plc

3.12%,

03/24/25

25

24,464

HSBC

Holdings

Plc

6.50%,

09/15/37

25

26,210

Lloyds

Banking

Group

Plc

3.37%

(US

Treasury

Yield

Curve

Rate

T

5

Year+1.50%),

12/14/46

50

35,141

153,510

United

States

:

78.3%

Alcon

Finance

Corp.

144A

3.00%,

09/23/29

25

22,811

VANECK

MOODY’S

ANALYTICS

BBB

CORPORATE

BOND

ETF

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

2

Par

(000’s)

Value

United

States

(continued)

Altria

Group,

Inc.

3.40%,

05/06/30

$

25

$

22,816

3.88%,

09/16/46

75

56,650

4.25%,

08/09/42

50

41,030

4.80%,

02/14/29

75

75,198

5.80%,

02/14/39

50

51,173

5.95%,

02/14/49

60

60,241

Ares

Capital

Corp.

2.15%,

07/15/26

25

22,832

3.25%,

07/15/25

25

24,090

3.88%,

01/15/26

50

48,097

Ashtead

Capital,

Inc.

144A

5.55%,

05/30/33

25

24,814

5.95%,

10/15/33

25

25,477

AT&T,

Inc.

3.85%,

06/01/60

75

55,318

BAT

Capital

Corp.

4.91%,

04/02/30

50

49,364

Becton

Dickinson

&

Co.

3.70%,

06/06/27

50

48,384

Berry

Global,

Inc.

1.57%,

01/15/26

50

46,700

Berry

Global,

Inc.

144A

4.88%,

07/15/26

25

24,615

Blue

Owl

Capital

Corp.

3.40%,

07/15/26

50

46,839

Brighthouse

Financial,

Inc.

4.70%,

06/22/47

25

20,483

Broadcom

Corp.

/

Broadcom

Cayman

Finance

Ltd.

3.88%,

01/15/27

50

48,716

Broadcom,

Inc.

3.15%,

11/15/25

50

48,515

4.15%,

11/15/30

50

47,718

Broadcom,

Inc.

144A

1.95%,

02/15/28

50

44,912

3.42%,

04/15/33

50

43,939

Campbell

Soup

Co.

3.95%,

03/15/25

25

24,662

Capital

One

Financial

Corp.

6.38%

(SOFR+2.86%),

06/08/34

75

77,956

Carlisle

Cos,

Inc.

2.75%,

03/01/30

25

22,034

CBRE

Services,

Inc.

5.95%,

08/15/34

25

25,892

Centene

Corp.

2.62%,

08/01/31

75

62,301

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

2.30%,

02/01/32

50

39,137

2.80%,

04/01/31

25

20,666

4.91%,

07/23/25

75

74,350

Par

(000’s)

Value

United

States

(continued)

5.05%,

03/30/29

$

75

$

73,814

5.12%,

07/01/49

20

15,945

5.38%,

04/01/38

50

45,371

5.38%,

05/01/47

75

62,830

6.48%,

10/23/45

75

72,184

Cheniere

Corpus

Christi

Holdings

LLC

3.70%,

11/15/29

50

47,102

5.12%,

06/30/27

50

50,261

Cheniere

Energy,

Inc.

4.62%,

10/15/28

25

24,204

Cigna

Group

3.40%,

03/15/50

75

54,591

Citizens

Bank

NA

4.58%

(SOFR+2.00%),

08/09/28

25

24,144

Conagra

Brands,

Inc.

4.85%,

11/01/28

50

49,852

5.30%,

11/01/38

25

24,370

Constellation

Brands,

Inc.

2.25%,

08/01/31

50

41,735

Corning,

Inc.

5.45%,

11/15/79

25

24,277

Deutsche

Bank

AG

2.13%

(SOFR+1.87%),

11/24/26

50

47,092

3.74%

(SOFR+2.26%),

01/07/33

75

61,428

Equinix

,

Inc.

2.15%,

07/15/30

25

21,133

3.20%,

11/18/29

25

22,877

3.90%,

04/15/32

25

23,153

Everest

Reinsurance

Holdings,

Inc.

3.12%,

10/15/52

50

33,645

Fiserv,

Inc.

3.20%,

07/01/26

50

48,220

3.85%,

06/01/25

50

49,208

4.20%,

10/01/28

50

48,821

5.45%,

03/02/28

75

76,977

FS

KKR

Capital

Corp.

3.40%,

01/15/26

25

23,784

General

Mills,

Inc.

2.88%,

04/15/30

50

45,060

4.00%,

04/17/25

25

24,700

4.95%,

03/29/33 †

25

25,037

HCA,

Inc.

3.50%,

07/15/51

25

17,537

5.12%,

06/15/39

50

47,918

5.25%,

04/15/25

75

74,935

5.25%,

06/15/26

25

25,083

5.25%,

06/15/49

50

46,322

5.50%,

06/15/47 †

50

48,275

International

Flavors

&

Fragrances,

Inc.

5.00%,

09/26/48

50

42,805

International

Flavors

&

Fragrances,

Inc.

144A

3

Par

(000’s)

Value

United

States

(continued)

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

6.20%,

11/15/33

25

27,075

Kellanova

3.25%,

04/01/26

25

24,251

Keurig

Dr.

Pepper,

Inc.

3.95%,

04/15/29

25

24,204

4.05%,

04/15/32

50

47,487

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

5.00%,

06/04/42

25

23,942

5.20%,

07/15/45

50

48,514

6.88%,

01/26/39

25

29,079

Kraft

Heinz

Foods

Co.

144A

7.12%,

08/01/39

25

29,554

Laboratory

Corp.

of

America

Holdings

3.60%,

02/01/25

25

24,580

Lowe's

Cos,

Inc.

4.45%,

04/01/62

25

21,001

5.80%,

09/15/62

25

26,238

LPL

Holdings,

Inc.

144A

4.00%,

03/15/29

25

23,064

McCormick

&

Co.,

Inc.

3.40%,

08/15/27

25

23,947

McDonald's

Corp.

2.12%,

03/01/30

150

131,159

3.50%,

07/01/27

50

48,471

3.62%,

09/01/49

50

39,208

MetLife,

Inc.

144A

9.25%,

04/08/38

25

28,802

Mondelez

International,

Inc.

1.50%,

05/04/25

25

23,972

2.75%,

04/13/30

25

22,573

3.00%,

03/17/32

25

22,041

NextEra

Energy

Capital

Holdings,

Inc.

2.75%,

11/01/29

50

44,794

4.62%,

07/15/27

75

74,804

6.05%,

03/01/25

25

25,218

Oracle

Corp.

3.60%,

04/01/40

75

60,025

3.80%,

11/15/37

50

42,707

3.85%,

07/15/36

50

43,631

3.85%,

04/01/60

75

54,507

3.95%,

03/25/51

50

38,889

4.00%,

07/15/46

50

40,375

4.10%,

03/25/61

50

38,165

4.38%,

05/15/55

50

41,233

5.38%,

07/15/40

50

49,434

Par

(000’s)

Value

United

States

(continued)

6.12%,

07/08/39

$

25

$

26,811

Pacific

Gas

and

Electric

Co.

2.10%,

08/01/27

75

67,900

2.50%,

02/01/31

100

83,051

3.25%,

06/01/31

50

43,460

3.50%,

08/01/50

50

34,980

3.75%,

07/01/28

50

47,126

4.50%,

07/01/40

50

43,132

4.95%,

07/01/50

75

65,462

6.75%,

01/15/53

25

27,547

Republic

Services,

Inc.

1.75%,

02/15/32

25

20,087

3.95%,

05/15/28

50

48,988

Reynolds

American,

Inc.

5.85%,

08/15/45

75

69,501

Sempra

3.25%,

06/15/27

50

47,511

4.12%

(US

Treasury

Yield

Curve

Rate

T

5

Year+2.87%),

04/01/52

25

22,135

Sherwin-Williams

Co.

3.45%,

06/01/27

50

48,242

Southern

Co.

3.70%,

04/30/30

50

47,060

Sprint

Capital

Corp.

6.88%,

11/15/28

75

81,079

Sprint

LLC

7.62%,

03/01/26

75

78,316

Time

Warner

Cable

LLC

4.50%,

09/15/42

50

39,560

5.50%,

09/01/41

50

44,048

7.30%,

07/01/38

100

104,932

T-Mobile

USA,

Inc.

3.38%,

04/15/29

75

69,641

3.50%,

04/15/25

150

147,084

3.75%,

04/15/27

100

96,979

3.88%,

04/15/30

60

56,758

4.38%,

04/15/40

50

45,153

Tyson

Foods,

Inc.

4.55%,

06/02/47

50

41,767

5.10%,

09/28/48

25

22,592

United

Rentals

North

America,

Inc.

144A

6.00%,

12/15/29

25

25,369

Verisk

Analytics,

Inc.

4.00%,

06/15/25

25

24,675

Verizon

Communications,

Inc.

0.85%,

11/20/25

25

23,305

2.10%,

03/22/28

50

45,224

2.35%,

03/15/32

100

83,078

2.55%,

03/21/31

50

42,998

3.00%,

11/20/60

75

47,570

3.88%,

02/08/29

25

24,190

4.12%,

03/16/27

50

49,190

4.33%,

09/21/28

50

49,315

4.50%,

08/10/33

50

48,338

VICI

Properties

LP

VANECK

MOODY’S

ANALYTICS

BBB

CORPORATE

BOND

ETF

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

4

FootnoteRuleAboveBlank

Footnotes:

Par

(000’s)

Value

United

States

(continued)

5.12%,

05/15/32

$

50

$

47,824

5.62%,

05/15/52

25

23,581

VICI

Properties

LP

/

VICI

Note

Co.,

Inc.

144A

3.75%,

02/15/27

50

47,337

4.25%,

12/01/26

50

48,171

4.62%,

12/01/29

50

47,354

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.

4.00%,

11/15/29

50

47,778

6,702,547

Total

Corporate

Bonds

(Cost:

$8,563,120)

8,451,668

Total

Investments:

98.4%

(Cost:

$8,563,120)

8,451,668

Other

assets

less

liabilities:

1.6%

141,735

NET

ASSETS:

100.0%

$

8,593,403

Definitions:

SOFR

Secured

Overnight

Financing

Rate

USD

United

States

Dollar

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$88,188.

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

$1,652,945,

or

19.2%

of

net

assets.

Summary

of

Investments

by

Sector

%

of

Investments

Value

Technology

24.1

%

$

2,037,181

Financials

20.4

1,725,141

Consumer

Non-Cyclicals

14.1

1,189,945

Consumer

Cyclicals

10.7

902,545

Utilities

9.2

777,622

Industrials

6.5

549,861

Healthcare

5.6

472,737

Real

Estate

4.2

355,100

Energy

3.5

297,341

Basic

Materials

1.7

144,195

100.0

%

$

8,451,668