NPORT-P false 0001137360 XXXXXXXX S000036772 C000112461 VanEck ETF Trust 811-10325 0001137360 549300ZLFKNTXC51ZN76 666 THIRD AVENUE, 9TH FLOOR NEW YORK 10017 212-293-2000 VanEck Fallen Angel High Yield Bond ETF S000036772 549300A6A1N73WLV0K30 2025-04-30 2025-04-30 N 3049190879.20 247185563.80 2802005315.40 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 13452302.06000000 USD UST Safeway Inc 549300NKZ6VCN5P3K723 786514BA6 11330000.00000000 PA USD 11659194.28000000 0.416101790240 Long DBT CORP US N 2 2031-02-01 Fixed 7.25000000 N N N N N N VORNADO REALTY LP 549300BMOJ05INE4YK86 929043AL1 15175000.00000000 PA USD 12931108.71000000 0.461494795849 Long DBT US N 2 2031-06-01 Fixed 3.40000000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 65480CAH8 10175000.00000000 PA USD 9844566.88000000 0.351340050138 Long DBT CORP US N 2 2029-09-13 Fixed 5.55000000 N N N N N SERVICE PROPERTIES TRUST 529900IS770AG1K9QG27 44106MAW2 17350000.00000000 PA USD 16510823.70000000 0.589250263347 Long DBT US N 2 2027-02-15 Fixed 4.95000000 N N N N N N Nordstrom Inc 549300S3IZB5P35KNV16 655664AR1 41850000.00000000 PA USD 29734006.50000000 1.061168811371 Long DBT CORP US N 2 2044-01-15 Fixed 5.00000000 N N N N N N EMBARQ CORP N/A 29078EAA3 52650000.00000000 PA USD 23779899.00000000 0.848674300127 Long DBT CORP US N 2 2036-06-01 Fixed 8.00000000 N N N N N N HUDSON PACIFIC PROPERTIE 5493007NTUGLGZ8T3526 44409MAA4 17350000.00000000 PA USD 15091384.63000000 0.538592291279 Long DBT US N 2 2027-11-01 Fixed 3.95000000 N N N N N N US CELLULAR CORP 549300B164AZXESI6E03 911684AD0 23575000.00000000 PA USD 25553495.10000000 0.911971685405 Long DBT CORP US N 2 2033-12-15 Fixed 6.70000000 N N N N N Yum! Brands Inc 549300JE8XHZZ7OHN517 988498AD3 14100000.00000000 PA USD 14671892.48000000 0.523621150872 Long DBT CORP US N 2 2037-11-15 Fixed 6.88000000 N N N N N N PROSPECT CAPITAL CORP 549300FSD8T39P5Q0O47 74348TAW2 13025000.00000000 PA USD 11404167.70000000 0.407000216499 Long DBT CORP US N 2 2028-10-15 Fixed 3.44000000 N N N N N XEROX CORPORATION 4KF48RN45X1OO8UBLY20 984121CL5 10900000.00000000 PA USD 4678343.11000000 0.166964105467 Long DBT CORP US N 2 2035-03-01 Fixed 4.80000000 N N N N N N VF CORP CWAJJ9DJ5Z7P057HV541 918204BC1 32500000.00000000 PA USD 26791605.10000000 0.956158253974 Long DBT CORP US N 2 2030-04-23 Fixed 2.95000000 N N N N N N VF CORP CWAJJ9DJ5Z7P057HV541 918204AT5 12450000.00000000 PA USD 10457928.41000000 0.373230141731 Long DBT CORP US N 2 2037-11-01 Fixed 6.45000000 N N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AQ1 62700000.00000000 PA USD 61327471.29000000 2.188699320195 Long DBT CORP US N 2 2026-06-01 Fixed 3.45000000 N N N N N N Methanex Corp 549300TSJHRXT9QXRD13 59151KAJ7 13025000.00000000 PA USD 10013552.40000000 0.357370928062 Long DBT CORP CA N 2 2044-12-01 Fixed 5.65000000 N N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AC2 28600000.00000000 PA USD 26430976.00000000 0.943287860830 Long DBT CORP US N 2 2044-11-18 Fixed 4.80000000 N N N N N ADVANCE AUTO PARTS 529900UCNQ5H9FSL0Y70 00751YAF3 15175000.00000000 PA USD 13656467.04000000 0.487381910553 Long DBT CORP US N 2 2027-10-01 Fixed 1.75000000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAW4 40650000.00000000 PA USD 41131229.33000000 1.467921174308 Long DBT CORP US N 2 2028-11-15 Fixed 6.60000000 N N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AB4 13150000.00000000 PA USD 12411496.00000000 0.442950480207 Long DBT CORP US N 2 2034-11-18 Fixed 4.50000000 N N N N N KOHL'S CORPORATION 549300JF6LPRTRJ0FH50 500255AX2 21689000.00000000 PA USD 13799409.36000000 0.492483339847 Long DBT CORP US N 2 2031-05-01 Fixed 4.63000000 N N N N N Bath & Body Works Inc GR3KVMWVCR54YWQNXU90 532716AK3 12325000.00000000 PA USD 12222302.92000000 0.436198420210 Long DBT CORP US N 2 2033-03-01 Fixed 6.95000000 N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AR9 12950000.00000000 PA USD 11754367.42000000 0.419498398357 Long DBT CORP US N 2 2046-06-01 Fixed 4.65000000 N N N N N N ROCKIES EXPRESS PIPELINE W2ZGZGZKY5GGNY6F3V51 77340RAD9 10850000.00000000 PA USD 10660098.96000000 0.380445351099 Long DBT CORP US N 2 2038-07-15 Fixed 7.50000000 N N N N N N Sealed Air Corp Q0M0CZB4YN6JZ65WXI09 81211KAK6 19500000.00000000 PA USD 20257185.00000000 0.722953125344 Long DBT CORP US N 2 2033-07-15 Fixed 6.88000000 N N N N N N MACY'S RETAIL HLDGS LLC N/A 55616XAG2 10825000.00000000 PA USD 7121258.29000000 0.254148636009 Long DBT CORP US N 2 2042-01-15 Fixed 5.13000000 N N N N N N Steelcase Inc GIE4CCPBJDI8SMV1OX95 858155AE4 19500000.00000000 PA USD 18553275.00000000 0.662142748196 Long DBT CORP US N 2 2029-01-18 Fixed 5.13000000 N N N N N N State Street Global Advisors 5493008BJIBKQ5KTIF74 857492706 246530327.50000000 NS USD 246530327.50000000 8.798353313073 Long STIV RF US N 1 N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 65480CAD7 11875000.00000000 PA USD 10504238.59000000 0.374882893057 Long DBT CORP US N 2 2028-09-15 Fixed 2.45000000 N N N N N N KOHL'S CORPORATION 549300JF6LPRTRJ0FH50 500255AV6 18500000.00000000 PA USD 8881783.96000000 0.316979554292 Long DBT CORP US N 2 2045-07-17 Fixed 5.55000000 N N N N N N ROCKIES EXPRESS PIPELINE W2ZGZGZKY5GGNY6F3V51 77340RAT4 15175000.00000000 PA USD 14232699.73000000 0.507946921148 Long DBT CORP US N 2 2030-05-15 Fixed 4.80000000 N N N N N N Newell Brands Inc 549300LWGYFM1TVO1Z12 651229AX4 18196000.00000000 PA USD 15883458.71000000 0.566860406106 Long DBT CORP US N 2 2036-04-01 Fixed 6.88000000 N N N N N Seagate HDD Cayman 529900BD50TRWEG1SF63 81180WAR2 21900000.00000000 PA USD 21695666.43000000 0.774290694980 Long DBT CORP KY N 2 2027-06-01 Fixed 4.88000000 N N N N N N NISSAN MOTOR CO 353800DRBDH1LUTNAY26 654744AD3 84775000.00000000 PA USD 78405031.93000000 2.798175702918 Long DBT CORP JP N 2 2030-09-17 Fixed 4.81000000 N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAN4 30500000.00000000 PA USD 30799510.00000000 1.099195273853 Long DBT CORP US N 2 2029-07-15 Fixed 6.58000000 N N N N N N Buckeye Partners LP 549300C1PQJLVEIUBK50 118230AQ4 26000000.00000000 PA USD 25373066.42000000 0.905532415679 Long DBT CORP US N 2 2026-12-01 Fixed 3.95000000 N N N N N N Crown Cork & Seal Co Inc 7HLDMDH0ZXNUH6PT7Z42 228255AH8 15172000.00000000 PA USD 15616767.18000000 0.557342525161 Long DBT CORP US N 2 2026-12-15 Fixed 7.38000000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 65480CAE5 10225000.00000000 PA USD 10321812.65000000 0.368372343666 Long DBT CORP US N 2 2026-09-15 Fixed 6.95000000 N N N N N N VALLEY NATIONAL BANCORP 549300ET52S1UBIB9762 919794AE7 13025000.00000000 PA USD 11833517.81000000 0.422323174940 Long DBT CORP US N 2 2031-06-15 Fixed 3.00000000 N N N N N N BRANDYWINE OPER PARTNERS IXBXSCONLDQ1ZI73YU71 105340AR4 15175000.00000000 PA USD 15699828.74000000 0.560306886418 Long DBT US N 2 2028-03-15 Fixed 8.30000000 N N N N N TELECOM ITALIA CAPITAL 549300777DJZOR5C4L39 87927VAF5 21625000.00000000 PA USD 21642588.48000000 0.772396410565 Long DBT CORP LU N 2 2033-11-15 Fixed 6.38000000 N N N N N N SERVICE PROPERTIES TRUST 529900IS770AG1K9QG27 44106MAY8 17350000.00000000 PA USD 12952663.15000000 0.462264046353 Long DBT US N 2 2030-02-15 Fixed 4.38000000 N N N N N XEROX CORPORATION 4KF48RN45X1OO8UBLY20 984121CB7 15225000.00000000 PA USD 6638632.88000000 0.236924349982 Long DBT CORP US N 2 2039-12-15 Fixed 6.75000000 N N N N N N ADVANCE AUTO PARTS 529900UCNQ5H9FSL0Y70 00751YAE6 21675000.00000000 PA USD 19523996.63000000 0.696786566488 Long DBT CORP US N 2 2030-04-15 Fixed 3.90000000 N N N N N Newell Brands Inc 549300LWGYFM1TVO1Z12 651229AW6 53425000.00000000 PA USD 52775126.55000000 1.883477031965 Long DBT CORP US N 2 2026-04-01 Fixed 5.70000000 N N N N N N ROCKIES EXPRESS PIPELINE W2ZGZGZKY5GGNY6F3V51 77340RAR8 23850000.00000000 PA USD 22826286.69000000 0.814641091669 Long DBT CORP US N 2 2029-07-15 Fixed 4.95000000 N N N N N N TELECOM ITALIA CAPITAL 549300777DJZOR5C4L39 87927VAV0 21650000.00000000 PA USD 22591511.52000000 0.806262264951 Long DBT CORP LU N 2 2038-06-04 Fixed 7.72000000 N N N N N N PROSPECT CAPITAL CORP 549300FSD8T39P5Q0O47 74348TAV4 13025000.00000000 PA USD 12211869.83000000 0.435826076520 Long DBT CORP US N 2 2026-11-15 Fixed 3.36000000 N N N N N NORDSTROM INC 549300S3IZB5P35KNV16 655664AY6 18425000.00000000 PA USD 15860330.84000000 0.566035001890 Long DBT CORP US N 2 2031-08-01 Fixed 4.25000000 N N N N N Fluor Corp CQ7WZ4NOFWT7FAE6Q943 343412AF9 23020000.00000000 PA USD 22327274.56000000 0.796831984482 Long DBT CORP US N 2 2028-09-15 Fixed 4.25000000 N N N N N N BRANDYWINE OPER PARTNERS IXBXSCONLDQ1ZI73YU71 105340AP8 15175000.00000000 PA USD 13861765.21000000 0.494708740694 Long DBT US N 2 2029-10-01 Fixed 4.55000000 N N N N N SERVICE PROPERTIES TRUST 529900IS770AG1K9QG27 44106MBA9 19500000.00000000 PA USD 18902696.09000000 0.674613141742 Long DBT US N 2 2026-10-01 Fixed 4.75000000 N N N N N N TRAVEL + LEISURE CO T4VNTWMFQ7JQB65L7T35 98310WAN8 17350000.00000000 PA USD 17463231.65000000 0.623240489731 Long DBT CORP US N 2 2027-04-01 Fixed 6.00000000 N N N N N N Navient Corp 54930067J0ZNOEBRW338 78442FAZ1 25750000.00000000 PA USD 22101220.37000000 0.788764398430 Long DBT CORP US N 2 2033-08-01 Fixed 5.63000000 N N N N N ROCKIES EXPRESS PIPELINE W2ZGZGZKY5GGNY6F3V51 77340RAM9 21675000.00000000 PA USD 20482242.74000000 0.730985149365 Long DBT CORP US N 2 2040-04-15 Fixed 6.88000000 N N N N N N NISSAN MOTOR CO 353800DRBDH1LUTNAY26 654744AC5 84750000.00000000 PA USD 81388489.56000000 2.904651504859 Long DBT CORP JP N 2 2027-09-17 Fixed 4.35000000 N N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AT5 27750000.00000000 PA USD 24253102.62000000 0.865562334471 Long DBT CORP US N 2 2050-04-15 Fixed 4.10000000 N N N N N ADVANCE AUTO PARTS 529900UCNQ5H9FSL0Y70 00751YAG1 15175000.00000000 PA USD 12693946.23000000 0.453030769079 Long DBT CORP US N 2 2032-03-15 Fixed 3.50000000 N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAY0 40650000.00000000 PA USD 40757935.91000000 1.454598807717 Long DBT CORP US N 2 2033-11-15 Fixed 6.95000000 N N N N N NORDSTROM INC 549300S3IZB5P35KNV16 655664AT7 21675000.00000000 PA USD 19414751.37000000 0.692887742335 Long DBT CORP US N 2 2030-04-01 Fixed 4.38000000 N N N N N N RESORTS WORLD/RWLV CAP N/A 000000000 43350000.00000000 PA USD 37347161.64000000 1.332872619289 Long DBT CORP US N 2 2029-04-16 Fixed 4.63000000 N N N N N N CONSTELLATION INSURC INC 549300K609B872PZT291 67740QAH9 18425000.00000000 PA USD 17885680.35000000 0.638317145642 Long DBT CORP US N 2 2030-01-24 Fixed 6.80000000 N N N N N N DPL INC N/A 233293AQ2 17325000.00000000 PA USD 16537074.59000000 0.590187124168 Long DBT CORP US N 2 2029-04-15 Fixed 4.35000000 N N N N N N FRONTIER FLORIDA LLC N/A 362333AH9 13025000.00000000 PA USD 13345675.50000000 0.476290156433 Long DBT CORP US N 2 2028-02-01 Fixed 6.86000000 N N N N N N Nordstrom Inc 549300S3IZB5P35KNV16 655664AS9 15172000.00000000 PA USD 14565987.53000000 0.519841538127 Long DBT CORP US N 2 2027-03-15 Fixed 4.00000000 N N N N N N Under Armour Inc 549300D4549QKWETZ406 904311AA5 26000000.00000000 PA USD 25190903.40000000 0.899031249567 Long DBT CORP US N 2 2026-06-15 Fixed 3.25000000 N N N N N N Bombardier Inc W7L3VLU8EHQY34Z36697 097751AL5 22100000.00000000 PA USD 23249901.45000000 0.829759362775 Long DBT CORP CA N 2 2034-05-01 Fixed 7.45000000 N N N N N N Global Marine Inc N/A 379352AL1 11300000.00000000 PA USD 9750205.00000000 0.347972394856 Long DBT CORP US N 2 2028-06-01 Fixed 7.00000000 N N N N N N XPO CNW Inc N/A 12612WAB0 12975000.00000000 PA USD 13159764.00000000 0.469655211846 Long DBT CORP US N 2 2034-05-01 Fixed 6.70000000 N N N N N N Tenet Healthcare Corp 0W9AIBT6U6ADJ2I8HK17 88033GAV2 15675000.00000000 PA USD 16111567.09000000 0.575001303582 Long DBT CORP US N 2 2031-11-15 Fixed 6.88000000 N N N N N N DRESDNER FNDG TRUST I 549300ZEO4BKB37E3J03 26156FAA1 43300000.00000000 PA USD 47232111.97000000 1.685653903310 Long DBT CORP US N 2 2031-06-30 Fixed 8.15000000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAM6 60957000.00000000 PA USD 61505845.25000000 2.195065259582 Long DBT CORP US N 2 2027-07-15 Fixed 6.42000000 N N N N N N ENTEGRIS INC IYX6OWO7BT5DKO3BYG52 29365BAA1 69300000.00000000 PA USD 67532621.31000000 2.410153219154 Long DBT CORP US N 2 2029-04-15 Fixed 4.75000000 N N N N N N SEAGATE HDD CAYMAN 529900BD50TRWEG1SF63 81180WBD2 10964000.00000000 PA USD 10025937.37000000 0.357812931863 Long DBT CORP KY N 2 2031-01-15 Fixed 4.13000000 N N N N N N BRANDYWINE OPER PARTNERS IXBXSCONLDQ1ZI73YU71 105340AQ6 19500000.00000000 PA USD 18396883.83000000 0.656561346578 Long DBT US N 2 2027-11-15 Fixed 3.95000000 N N N N N N TOLEDO HOSPITAL/THE 5493009DCR7NWV6K4T34 889184AA5 11825000.00000000 PA USD 8975884.50000000 0.320337882682 Long DBT CORP US N 2 2045-11-15 Fixed 4.98000000 N N N N N N TELECOM ITALIA CAPITAL 549300777DJZOR5C4L39 87927VAR9 21650000.00000000 PA USD 22199767.76000000 0.792281429231 Long DBT CORP LU N 2 2036-07-18 Fixed 7.20000000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 65480CAG0 13575000.00000000 PA USD 13318881.56000000 0.475333914850 Long DBT CORP US N 2 2027-09-13 Fixed 5.30000000 N N N N N RESORTS WORLD/RWLV CAP N/A 000000000 15175000.00000000 PA USD 12177160.54000000 0.434587346179 Long DBT CORP US N 2 2031-04-06 Fixed 4.63000000 N N N N N N HUDSON PACIFIC PROPERTIE 5493007NTUGLGZ8T3526 44409MAB2 21675000.00000000 PA USD 15546648.21000000 0.554840068452 Long DBT US N 2 2029-04-01 Fixed 4.65000000 N N N N N Transocean Inc DOL4HJ22ADYSIWES4H94 893830AT6 26400000.00000000 PA USD 16294191.94000000 0.581518951818 Long DBT CORP KY N 2 2038-03-15 Fixed 6.80000000 N N N N N SEAGATE HDD CAYMAN 529900BD50TRWEG1SF63 81180WBC4 20950000.00000000 PA USD 19908940.03000000 0.710524706023 Long DBT CORP KY N 2 2029-06-01 Fixed 4.09000000 N N N N N N Buckeye Partners LP 549300C1PQJLVEIUBK50 118230AP6 13025000.00000000 PA USD 10684016.75000000 0.381298946553 Long DBT CORP US N 2 2044-10-15 Fixed 5.60000000 N N N N N N VF CORP CWAJJ9DJ5Z7P057HV541 918204BB3 21675000.00000000 PA USD 20137479.11000000 0.718680974633 Long DBT CORP US N 2 2027-04-23 Fixed 2.80000000 N N N N N N Standard Chartered PLC U4LOSYZ7YG4W3S5F2G91 853254AB6 32475000.00000000 PA USD 32904969.00000000 1.174336423244 Long DBT CORP GB N 2 2037-07-30 Fixed 7.01000000 N N N N N N ROGERS COMMUNICATIONS IN 5493000M6Z4XFIP6PF03 775109BS9 32500000.00000000 PA USD 31706656.80000000 1.131570187456 Long DBT CORP CA N 2 2082-03-15 Fixed 5.25000000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 654740BT5 20350000.00000000 PA USD 18560082.78000000 0.662385709191 Long DBT CORP US N 2 2028-03-09 Fixed 2.75000000 N N N N N N TOPAZ SOLAR FARMS LLC N/A 89054XAC9 22014554.00000000 PA USD 20593514.54000000 0.734956298148 Long DBT CORP US N 2 2039-09-30 Fixed 5.75000000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 65480CAC9 33950000.00000000 PA USD 32076007.19000000 1.144751832329 Long DBT CORP US N 2 2026-09-16 Fixed 1.85000000 N N N N N N HUDSON PACIFIC PROPERTIE 5493007NTUGLGZ8T3526 44409MAC0 17350000.00000000 PA USD 11505652.50000000 0.410622079721 Long DBT US N 2 2030-01-15 Fixed 3.25000000 N N N N N Murphy Oil Corp QBKYQD0ODE7DC7PDIN91 626717AG7 14700000.00000000 PA USD 10794526.05000000 0.385242882683 Long DBT CORP US N 2 2042-12-01 Fixed 5.88000000 N N N N N ROYAL CARIBBEAN CRUISES K2NEH8QNVW44JIWK7Z55 780153AW2 21675000.00000000 PA USD 20791684.14000000 0.742028718708 Long DBT CORP LR N 2 2028-03-15 Fixed 3.70000000 N N N N N N ROYAL CARIBBEAN CRUISES K2NEH8QNVW44JIWK7Z55 780153AG7 13025000.00000000 PA USD 13726331.13000000 0.489875270919 Long DBT CORP LR N 2 2027-10-15 Fixed 7.50000000 N N N N N N MACY'S RETAIL HLDGS LLC N/A 55616XAM9 15875000.00000000 PA USD 12107565.80000000 0.432103598571 Long DBT CORP US N 2 2034-12-15 Fixed 4.50000000 N N N N N HUDSON PACIFIC PROPERTIE 5493007NTUGLGZ8T3526 44409MAD8 15175000.00000000 PA USD 12694415.74000000 0.453047525293 Long DBT US N 2 2028-02-15 Fixed 5.95000000 N N N N N VORNADO REALTY LP 549300BMOJ05INE4YK86 929043AK3 17350000.00000000 PA USD 16733479.90000000 0.597196579465 Long DBT US N 2 2026-06-01 Fixed 2.15000000 N N N N N N VF CORP CWAJJ9DJ5Z7P057HV541 918204AR9 12000000.00000000 PA USD 10328651.04000000 0.368616397093 Long DBT CORP US N 2 2033-10-15 Fixed 6.00000000 N N N N N Yum! Brands Inc 549300JE8XHZZ7OHN517 988498AK7 11925000.00000000 PA USD 10953920.54000000 0.390931468966 Long DBT CORP US N 2 2043-11-01 Fixed 5.35000000 N N N N N N ADVANCE AUTO PARTS 529900UCNQ5H9FSL0Y70 00751YAJ5 13000000.00000000 PA USD 12903995.91000000 0.460527174558 Long DBT CORP US N 2 2028-03-09 Fixed 5.95000000 N N N N N DIVERSIFIED HEALTHCARE T N/A 81721MAM1 21675000.00000000 PA USD 19413142.22000000 0.692830313822 Long DBT US N 2 2028-02-15 Fixed 4.75000000 N N N N N N Newell Brands Inc 549300LWGYFM1TVO1Z12 651229AY2 28875000.00000000 PA USD 22362195.53000000 0.798078269412 Long DBT CORP US N 2 2046-04-01 Fixed 7.00000000 N N N N N N Buckeye Partners LP 549300C1PQJLVEIUBK50 118230AR2 17350000.00000000 PA USD 16684741.66000000 0.595457173771 Long DBT CORP US N 2 2027-12-01 Fixed 4.13000000 N N N N N N CRANE NXT CO 549300EXNPSXEWUD3N21 224399AT2 15200000.00000000 PA USD 9021450.04000000 0.321964058755 Long DBT CORP US N 2 2048-03-15 Fixed 4.20000000 N N N N N N United States Steel Corp JNLUVFYJT1OZSIQ24U47 912909AD0 11900000.00000000 PA USD 11569789.28000000 0.412911039690 Long DBT CORP US N 2 2037-06-01 Fixed 6.65000000 N N N N N N Spirit AeroSystems Inc ZD2NBKV6GCC3UMGBM518 85205TAK6 30325000.00000000 PA USD 29348229.63000000 1.047400926354 Long DBT CORP US N 2 2028-06-15 Fixed 4.60000000 N N N N N H.B. FULLER CO JSMX3Z5FOYM8V0Q52357 359694AB2 13025000.00000000 PA USD 12692209.69000000 0.452968794179 Long DBT CORP US N 2 2027-02-15 Fixed 4.00000000 N N N N N N Toledo Hospital/The 5493009DCR7NWV6K4T34 889184AE7 17325000.00000000 PA USD 15190040.25000000 0.542113184672 Long DBT CORP US N 2 2048-11-15 Fixed 6.02000000 N N N N N N SERVICE PROPERTIES TRUST 529900IS770AG1K9QG27 44106MBB7 18425000.00000000 PA USD 14481573.90000000 0.516828923214 Long DBT US N 2 2029-10-01 Fixed 4.95000000 N N N N N TransAlta Corp 984500EE2ADD850F1C96 89346DAE7 13015000.00000000 PA USD 12007797.52000000 0.428542995761 Long DBT CORP CA N 2 2040-03-15 Fixed 6.50000000 N N N N N N PERRIGO FINANCE UNLIMITD 549300E86RB6YCTMRM83 714295AA0 13175000.00000000 PA USD 10228690.56000000 0.365048934910 Long DBT CORP IE N 2 2044-12-15 Fixed 4.90000000 N N N N N N Buckeye Partners LP 549300C1PQJLVEIUBK50 118230AM3 17350000.00000000 PA USD 14584049.99000000 0.520486164314 Long DBT CORP US N 2 2043-11-15 Fixed 5.85000000 N N N N N N NISSAN MOTOR ACCEPTANCE 7D6DIU2QXTUJRFNNJA49 65480CAF2 23750000.00000000 PA USD 24302565.13000000 0.867327588439 Long DBT CORP US N 2 2028-09-15 Fixed 7.05000000 N N N N N N PERRIGO FINANCE UNLIMITE 549300E86RB6YCTMRM83 71429MAC9 32500000.00000000 PA USD 30961951.15000000 1.104992591549 Long DBT CORP IE N 2 2030-06-15 Fixed 4.90000000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAP9 40650000.00000000 PA USD 39991820.81000000 1.427257135816 Long DBT CORP US N 2 2032-07-15 Fixed 6.63000000 N N N N N METHANEX CORP 549300TSJHRXT9QXRD13 59151KAL2 30325000.00000000 PA USD 28837203.64000000 1.029163059809 Long DBT CORP CA N 2 2029-12-15 Fixed 5.25000000 N N N N N Spirit AeroSystems Inc ZD2NBKV6GCC3UMGBM518 85205TAG5 13000000.00000000 PA USD 12787857.03000000 0.456382325890 Long DBT CORP US N 2 2026-06-15 Fixed 3.85000000 N N N N N N BANC OF CALIFORNIA 549300A7DTSCJLJ33451 69506YSC4 16699000.00000000 PA USD 15778551.12000000 0.563116387869 Long SN CORP US N 2 2031-05-01 Fixed 3.25000000 N N N N N N Vodafone Group PLC 213800TB53ELEUKM7Q61 92857WBQ2 86625000.00000000 PA USD 89157373.59000000 3.181913078465 Long DBT CORP GB N 2 2079-04-04 Fixed 7.00000000 N N N N N N ACADIAN ASSET MANAGEMENT 5493004FTLQNQTBOP608 10948WAA1 11925000.00000000 PA USD 11677359.37000000 0.416750079160 Long DBT CORP US N 2 2026-07-27 Fixed 4.80000000 N N N N N N OCI NV 549300NCMRGIBJYUOE57 67116NAA7 26000000.00000000 PA USD 28395401.06000000 1.013395688578 Long DBT CORP NL N 2 2033-03-16 Fixed 6.70000000 N N N N N N OCEANEERING INTL INC 549300L6PH74701W0R30 675232AB8 13000000.00000000 PA USD 12371928.40000000 0.441538362971 Long DBT CORP US N 2 2028-02-01 Fixed 6.00000000 N N N N N N APTIV SWISS HOLDINGS LTD N/A 03837AAD2 21675000.00000000 PA USD 20326199.65000000 0.725416170279 Long DBT CORP JE N 2 2054-12-15 Fixed 6.88000000 N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAK0 16275000.00000000 PA USD 15538831.79000000 0.554561110380 Long DBT CORP US N 2 2026-08-05 Fixed 1.40000000 N N N N N N WILTON RE LTD 5493004VQ9VSL29MT373 97263CAA9 17355000.00000000 PA USD 17224048.72000000 0.614704355674 Long DBT CORP CA N 2 2030-10-22 Fixed 6.00000000 N N N N N N Toledo Hospital/The 5493009DCR7NWV6K4T34 889184AC1 13875000.00000000 PA USD 13362713.22000000 0.476898210954 Long DBT CORP US N 2 2028-11-15 Fixed 5.33000000 N N N N N SERVICE PROPERTIES TRUST 529900IS770AG1K9QG27 44106MAX0 17350000.00000000 PA USD 15318699.48000000 0.546704868681 Long DBT US N 2 2028-01-15 Fixed 3.95000000 N N N N N LUMEN TECHNOLOGIES INC 8M3THTGWLTYZVE6BBY25 156700AM8 15125000.00000000 PA USD 11137898.75000000 0.397497416895 Long DBT CORP US N 2 2039-09-15 Fixed 7.60000000 N N N N N N Seagate HDD Cayman 529900BD50TRWEG1SF63 81180WAN1 21250000.00000000 PA USD 20525970.21000000 0.732545727061 Long DBT CORP KY N 2 2034-12-01 Fixed 5.75000000 N N N N N Transocean Inc DOL4HJ22ADYSIWES4H94 893830AF6 17150000.00000000 PA USD 12211657.50000000 0.435818498733 Long DBT CORP KY N 2 2031-04-15 Fixed 7.50000000 N N N N N CONSTELLATION INSURC INC 549300K609B872PZT291 67740QAG1 10850000.00000000 PA USD 10818378.54000000 0.386094147664 Long DBT CORP US N 2 2031-05-01 Fixed 6.63000000 N N N N N Nordstrom Inc 549300S3IZB5P35KNV16 655664AH3 13000000.00000000 PA USD 13159194.10000000 0.469634872841 Long DBT CORP US N 2 2028-03-15 Fixed 6.95000000 N N N N N MACY'S RETAIL HLDGS LLC N/A 55616XAJ6 10825000.00000000 PA USD 6510004.10000000 0.232333752695 Long DBT CORP US N 2 2043-02-15 Fixed 4.30000000 N N N N N N HILLENBRAND INC U246OE781574J2BUD366 431571AB4 16275000.00000000 PA USD 16050974.63000000 0.572838835878 Long DBT CORP US N 2 2026-09-15 Fixed 5.00000000 N N N N N N WALGREENS BOOTS ALLIANCE 549300RPTUOIXG4LIH86 931427AS7 21675000.00000000 PA USD 20414646.00000000 0.728572707831 Long DBT CORP US N 2 2030-04-15 Fixed 3.20000000 N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAX2 40650000.00000000 PA USD 40674629.43000000 1.451625705577 Long DBT CORP US N 2 2030-11-15 Fixed 6.80000000 N N N N N N TELECOM ITALIA CAPITAL 549300777DJZOR5C4L39 87927VAM0 21650000.00000000 PA USD 20927497.50000000 0.746875724502 Long DBT CORP LU N 2 2034-09-30 Fixed 6.00000000 N N N N N N 2025-05-22 VanEck ETF Trust James Parker James Parker Assistant Treasurer