VANECK

CM

COMMODITY

INDEX

FUND

SCHEDULE

OF

INVESTMENTS

September

30,

2024

(unaudited)

1

FootnoteRuleAboveBlank

Footnotes:

Par

(000's)

Value

Short-Term

Investments:

97.1%

United

States

Treasury

Obligations

:

94.1%

United

States

Treasury

Bills

4.29%,

03/27/25

$

25,000‌

$

24,477,604‌

4.32%,

03/20/25

40,000‌

39,192,500‌

4.57%,

03/13/25

(a)

5,000‌

4,903,219‌

4.66%,

03/06/25

(a)

10,000‌

9,812,800‌

4.74%,

02/20/25

20,000‌

19,658,510‌

4.99%,

01/23/25

(a)

30,000‌

29,581,169‌

5.06%,

01/16/25

(a)

35,000‌

34,537,401‌

5.15%,

12/26/24

40,000‌

39,570,000‌

5.21%,

12/05/24

(a)

†

55,000‌

54,551,946‌

5.21%,

12/19/24

40,000‌

39,605,000‌

Par

(000’s)

Value

United

States

Treasury

Obligations

(continued)

5.22%,

11/07/24

(a)

$

40,000‌

$

39,788,278‌

5.22%,

11/21/24

40,000‌

39,708,025‌

5.22%,

11/29/24

(a)

†

55,000‌

54,535,784‌

5.24%,

11/14/24

35,000‌

34,779,053‌

5.25%,

10/17/24

(a)

†

55,000‌

54,873,500‌

519,574,789‌

Number

of

Shares

Value

Money

Market

Fund:

3.0%

Invesco

Treasury

Portfolio

-

Institutional

Class

16,770,858‌

16,770,858‌

Total

Short-Term

Investments:

97.1%

(Cost:

$536,025,880)

536,345,647‌

Other

assets

less

liabilities:

2.9%

16,063,924‌

NET

ASSETS:

100.0%

$

552,409,571‌

Total

Return

Swap

Contracts

Long

Exposure

Counterparty

Reference

Obligation

Notional

Amount

Rate

paid

by

the

Fund (b)

Payment

Frequency

Termination

Date

Unrealized

Appreciation/

(Depreciation)

%

of

Net

Assets

UBS

UBS

Constant

Maturity

Commodity

Index

Total

Return

$552,052,000

5.24%

Monthly

10/23/24

$(506,647)

0.1%

(a)

All

or

a

portion

of

these

securities

are

segregated

for

swap

collateral.

Total

value

of

securities

segregated

is

$89,104,286.

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$113,282,305.

(b)

The

rate

shown

reflects

the

rate

in

effect

at

the

end

of

the

reporting

period:

Secured

Overnight

Financing

Rate

+

0.40%.