VANECK CM COMMODITY INDEX FUND
SCHEDULE OF INVESTMENTS
September 30, 2022 (unaudited)
Par (000’s | ) | Value | ||||||
Short-Term Investments: 100.8% | ||||||||
United States Treasury Obligations: 95.1% | ||||||||
United States Treasury Bills | ||||||||
0.00%, 10/25/22 (a) | $ | 20,000 | $ | 19,969,093 | ||||
0.00%, 12/13/22 (a) † | 30,000 | 29,822,914 | ||||||
0.00%, 12/20/22 | 40,000 | 39,742,383 | ||||||
1.73%, 10/13/22 (a) | 10,000 | 9,994,250 | ||||||
1.91%, 10/20/22 (a) | 10,000 | 9,989,868 | ||||||
2.00%, 10/04/22 | 8,500 | 8,498,587 | ||||||
2.01%, 11/17/22 † | 35,000 | 34,908,154 | ||||||
2.45%, 11/10/22 † | 38,000 | 37,896,556 | ||||||
2.59%, 12/01/22 | 47,000 | 46,777,582 | ||||||
2.59%, 12/08/22 (a) † | 60,000 | 59,672,585 | ||||||
2.63%, 12/22/22 (a) | 50,000 | 49,647,963 | ||||||
2.77%, 01/05/23 | 45,000 | 44,621,562 | ||||||
2.86%, 01/19/23 (a) | 50,000 | 49,498,050 | ||||||
3.00%, 02/02/23 (a) | 70,000 | 69,173,814 | ||||||
3.03%, 01/26/23 (a) | 30,000 | 29,677,030 | ||||||
3.13%, 02/09/23 (a) | 48,000 | 47,391,636 | ||||||
3.17%, 02/16/23 (a) | 40,000 | 39,462,976 |
Par (000’s | ) | Value | ||||||
United States Treasury Obligations (continued) | ||||||||
$ | 626,745,003 | |||||||
Number
of Shares | Value | |||||||
Money Market Fund: 5.7% | ||||||||
Invesco Treasury Portfolio - Institutional Class | 37,857,424 | 37,857,424 | ||||||
Total Investments Before Collateral for Securities Loaned: 100.8% (Cost: $665,008,753) |
664,602,427 | |||||||
Number
of Shares | Value | |||||||
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 4.5% (Cost: $29,398,756) | ||||||||
Money Market Fund: 4.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | 29,398,756 | 29,398,756 | ||||||
Total Short-Term Investments: 105.3% (Cost: $694,407,509) | 694,001,183 | |||||||
Liabilities in excess of other assets: (5.3)% | (34,906,900) | |||||||
NET ASSETS: 100.0% | $ | 659,094,283 |
Total Return Swap Contracts
Long Exposure
Counterparty | Reference Obligation | Notional Amount | Rate paid by the Fund (b) | Payment Frequency | Termination Date | Unrealized Depreciation | % of Net Assets | |||||||
UBS | UBS Bloomberg Constant Maturity Index Total Return | $664,429,000 | 3.39% | Monthly | 10/26/22 | $(6,373,709) | 0.8% |
Footnotes:
(a) | All or a portion of these securities are segregated for swap collateral. Total value of securities segregated is $146,891,915. |
† | Security fully or partially on loan. Total market value of securities on loan is $99,746,197. |
(b) | The rate shown reflects the rate in effect at the end of the reporting period: 12-Month Secured Overnight Financing Rate + 0.40%. |
Summary of Investments by Sector Excluding Collateral for Securities Loaned | % of Investments | Value | |||||
Government Activity | 94.3 | % | $ | 626,745,003 | |||
Money Market Fund | 5.7 | 37,857,424 | |||||
100.0 | % | $ | 664,602,427 |
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