NPORT-EX 2 NPORT_VVMB_44028550_0124.htm
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