VANECK AFRICA INDEX ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 99.8%
Burkina Faso: 0.5%
IAMGOLD Corp. (USD) *		138,954	$	314,036
Canada: 5.3%
B2Gold Corp. (USD)		34,378		117,573
Barrick Gold Corp. (USD)		76,227		1,375,897
Ivanhoe Mines Ltd. *		295,195		1,887,421
				3,380,891
China: 1.5%
China Molybdenum Co. Ltd. (HKD) #		1,518,000		937,175
Egypt: 4.7%
Centamin Plc (GBP) #		423,416		542,435
Commercial International Bank Egypt SAE (USD) (GDR) *		933,540		2,492,552
				3,034,987
Germany: 3.2%
Jumia Technologies AG (ADR) *		110,495		2,054,102
India: 1.0%
MakeMyTrip Ltd. (USD) * †		24,729		672,382
Indonesia: 0.7%
Golden Agri-Resources Ltd. (SGD) #		2,457,500		423,488
Kenya: 9.1%
Equity Group Holdings Plc *		3,613,900		1,659,778
Safaricom Plc		10,900,300		4,152,965
				5,812,743
Morocco: 12.7%
Attijariwafa Bank		76,744		4,190,053
Bank of Africa		58,480		1,135,246
Banque Centrale Populaire		49,308		1,501,054
Co. Sucrerie Marocaine et de Raffinage #		41,272		1,249,847
				8,076,200
Nigeria: 8.0%
Guaranty Trust Holding Co. Plc		42,287,379		2,866,854
Zenith Bank Plc #		40,148,957		2,262,790
				5,129,644
Norway: 0.3%
Scatec ASA 144A #		9,705		180,655
South Africa: 36.7%
Absa Group Ltd. #		62,824		636,309
Anglo American Platinum Ltd.		5,579		483,703
Anglo American Plc (GBP) #		70,578		2,475,408
Aspen Pharmacare Holdings Ltd. # †		26,055		467,982
AVI Ltd. #		25,274		143,656
Bid Corp. Ltd. # *		18,138		390,046
Bidvest Group Ltd. # †		23,854		309,551
Capitec Bank Holdings Ltd.		8,337		1,008,032
Clicks Group Ltd.		15,038		277,571
Coronation Fund Managers Ltd. #		22,770		76,097
Discovery Ltd. # *		36,670		335,369
Exxaro Resources Ltd. †		13,066		139,848
FirstRand Ltd. #		269,644		1,151,993
Foschini Group Ltd. *		14,255		129,380
Gold Fields Ltd. (ADR)		61,341		498,089
Growthpoint Properties Ltd.		240,501		228,592
Harmony Gold Mining Co. Ltd. (ADR)		40,101		126,318
Impala Platinum Holdings Ltd. #		49,107		553,934
Investec Plc (GBP) #		50,190		214,331
Kumba Iron Ore Ltd. #		5,483		180,308
Life Healthcare Group Holdings Ltd. *		86,698		131,329
Momentum Metropolitan Holdings # †		58,486		81,519
Mr Price Group Ltd. #		20,249		271,903
MTN Group Ltd. # *		128,315		1,206,319
MTN Nigeria Communications Plc (NGN) #		7,018,997		2,965,358
MultiChoice Group Ltd. #		32,793		250,216
Naspers Ltd. #		16,137		2,669,556
Nedbank Group Ltd. #		32,615		378,388
Netcare Ltd. *		102,323		110,178
Northam Platinum Holdings Ltd. *		15,482		184,529
Old Mutual Ltd. #		282,921		309,830
Pepkor Holdings Ltd. 144A # *		93,392		133,900
Pick n Pay Stores Ltd. #		26,685		100,665
Rand Merchant Investment Holdings Ltd. # †		61,361		151,884
Remgro Ltd.		44,518		401,979
Resilient REIT Ltd.		26,847		101,339
Sanlam Ltd.		153,883		653,785
Sasol Ltd. (ADR) * †		44,029		829,506
Shoprite Holdings Ltd. # †		37,330		442,466
Sibanye Stillwater Ltd. (ADR) †		52,811		651,688
SPAR Group Ltd.		10,994		143,532
Standard Bank Group Ltd. #		110,315		1,045,575
Tiger Brands Ltd. #		10,835		134,268
Woolworths Holdings Ltd. # †		56,781		221,466
				23,397,695
Switzerland: 2.4%
Mediclinic International Plc (GBP) # *		33,224		139,347
Nestle Nigeria Plc (NGN) #		387,228		1,385,368
				1,524,715
Tanzania: 2.9%
AngloGold Ashanti Ltd. (ADR)		35,528		568,093
Helios Towers Plc (GBP) * †		518,667		1,265,814
				1,833,907
United Arab Emirates: 4.2%
Itissalat Al-Maghrib (MAD) #		169,669		2,654,259
United Kingdom: 3.5%
East African Breweries Ltd. (KES) # *		490,500		758,821
Endeavour Mining Plc (CAD)		50,827		1,143,843
Vodacom Group Ltd. (ZAR)		36,770		352,034
				2,254,698
United States: 0.5%
Royal Caribbean Cruises Ltd. *		3,523		313,371
Zambia: 2.6%
First Quantum Minerals Ltd. (CAD)		88,171		1,632,087
Zimbabwe: 0.0%
Cassava Smartech Zimbabwe Ltd. # *		32,900		12,384
Delta Corp. Ltd. #		15,980		20,243
				32,627
Total Common Stocks (Cost: $53,789,891)				63,659,662
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.2% (Cost: $792,118)
Money Market Fund: 1.2%
State Street Navigator Securities Lending Government Money Market Portfolio		792,118		792,118
Total Investments: 101.0% (Cost: $54,582,009)				64,451,780
Liabilities in excess of other assets: (1.0)%				(668,853	)
NET ASSETS: 100.0%			$	63,782,927

Definitions:
ADR	American Depositary Receipt
CAD	Canadian Dollar
GBP	British Pound
GDR	Global Depositary Receipt
HKD	Hong Kong Dollar
KES	Kenyan Shilling
MAD	Moroccan Dirham
NGN	Nigerian Naira
SGD	Singapore Dollar
USD	United States Dollar
ZAR	South African Rand
Footnotes:
*	Non-income producing
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $27,865,109 which represents 43.7% of net assets.
†	Security fully or partially on loan. Total market value of securities on loan is $3,887,292.
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, and the value amounted $314,555, or 0.5% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		20.2	%	$	12,846,965
Consumer Discretionary		10.2			6,466,059
Consumer Staples		8.6			5,469,970
Energy		0.2			139,848
Financials		35.4			22,565,803
Health Care		1.3			848,837
Industrials		0.5			309,551
Materials		22.8			14,502,043
Real Estate		0.5			329,931
Utilities		0.3			180,655
		100.0	%	$	63,659,662

VANECK BRAZIL SMALL-CAP ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 89.5%
Automobiles & Components: 1.2%
Mahle-Metal Leve SA		33,100	$	229,328
Tupy SA *		58,200		215,562
				444,890
Capital Goods: 3.1%
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA *		315,800		463,341
Armac Locacao Logistica E Servicos SA *		80,200		284,822
Iochpe Maxion SA *		92,402		299,311
Portobello SA		78,300		156,003
				1,203,477
Commercial & Professional Services: 1.8%
Ambipar Participacoes e Empreendimentos SA		37,850		325,486
Boa Vista Servicos SA		149,750		349,231
				674,717
Communication Services: 0.4%
Brisanet Participacoes SA *		84,800		168,798
Consumer Durables & Apparel: 13.2%
Arezzo Industria e Comercio SA		46,200		703,043
Construtora Tenda SA		45,650		147,619
Cury Construtora e Incorporadora SA		80,200		106,182
Cyrela Brazil Realty SA Empreendimentos e Participacoes		236,800		782,702
Direcional Engenharia SA		69,550		145,850
Even Construtora e Incorporadora SA		94,650		133,656
Ez Tec Empreendimentos e Participacoes SA		130,552		547,548
Grendene SA		178,150		302,928
Grupo de Moda Soma SA *		345,884		1,076,570
Guararapes Confeccoes SA *		72,900		181,120
MRV Engenharia e Participacoes SA		215,650		486,680
Vivara Participacoes SA		83,150		450,735
				5,064,633
Consumer Services: 9.0%
Afya Ltd. (USD) * †		22,741		448,907
Anima Holding SA *		218,450		358,618
Arco Platform Ltd. (USD) * †		11,923		258,729
Arcos Dorados Holdings, Inc. (USD) * †		77,586		397,240
BK Brasil Operacao e Assessoria a Restaurantes SA *		118,200		178,198
Cogna Educacao *		1,450,150		721,647
CVC Brasil Operadora e Agencia de Viagens SA *		175,783		694,643
MPM Corporeos SA		109,000		300,034
Ser Educacional SA 144A		42,025		89,517
				3,447,533
Diversified Financials: 1.9%
Banco Modal SA *		86,700		272,721
TC Traders Club SA *		88,900		104,478
Vinci Partners Investments Ltd. (USD) †		27,335		356,175
				733,374
Energy: 3.9%
3R Petroleum Oleo e Gas SA *		70,500		551,494
AES Brasil Energia SA		126,800		285,930
Enauta Participacoes SA		68,450		173,458
Modec, Inc. #		17,200		272,846
Petroreconcavo SA *		59,700		220,350
				1,504,078
Financials: 0.4%
BR Advisory Partners Participacoes SA *		38,100		137,477
Food & Staples Retailing: 2.8%
Cia Brasileira de Distribuicao (ADR) †		138,741		653,470
Dimed SA Distribuidora da Medicamentos		96,800		262,897
Empreendimentos Pague Menos SA *		76,200		173,928
				1,090,295
Food, Beverage & Tobacco: 7.9%
Adecoagro SA (USD) * †		45,522		411,064
BrasilAgro - Co. Brasileira de Propriedades Agricolas *		43,100		240,994
Camil Alimentos SA		60,400		109,470
Jalles Machado SA		118,900		205,235
Minerva SA		231,300		443,848
Sao Martinho SA		139,850		898,307
SLC Agricola SA		63,000		527,531
Tres Tentos Agroindustrial SA *		106,100		185,089
				3,021,538
Health Care Equipment & Services: 6.0%
Fleury SA		210,200		853,808
Hospital Mater Dei SA *		54,900		185,495
Instituto Hermes Pardini SA *		39,350		163,304
Odontoprev SA		205,250		620,376
Qualicorp Consultoria e Corretora de Seguros SA		134,150		492,431
				2,315,414
Insurance: 2.2%
IRB Brasil Resseguros SA *		794,750		690,294
Wiz Solucoes e Corretagem de Seguros SA		67,300		142,243
				832,537
Materials: 3.4%
Cia Brasileira de Aluminio *		122,800		315,245
ERO Copper Corp. * †		38,580		684,120
Largo Resources Ltd. (USD) * †		27,213		286,009
				1,285,374
Media & Entertainment: 1.9%
Infracommerce CXAAS SA *		98,100		306,239
Meliuz SA 144A		379,500		418,821
				725,060
Real Estate: 7.7%
Aliansce Sonae Shopping Centers sa		132,338		552,122
BR Malls Participacoes SA *		592,250		878,737
BR Properties SA		170,950		249,248
FII BTG Pactual Corporate Office Fund		20,128		272,735
Iguatemi Empresa de Shopping Centers SA		74,300		430,321
Jereissati Participacoes SA		34,000		166,636
JHSF Participacoes SA		223,900		243,399
LOG Commercial Properties e Participacoes SA		33,300		158,497
				2,951,695
Retailing: 2.0%
C&A Modas Ltda *		79,400		105,123
Grupo SBF SA *		83,450		428,302
Lojas Quero Quero SA		75,600		225,589
				759,014
Semiconductors & Semiconductor Equipment: 1.5%
SMART Global Holdings, Inc. *		13,319		592,696
Software & Services: 1.0%
Clear Sale SA *		53,200		227,229
SONDA SA #		366,484		158,156
				385,385
Technology Hardware & Equipment: 0.6%
Ituran Location and Control Ltd. (USD)		9,071		230,313
Telecommunication Services: 2.2%
Oi SA (ADR) * †		806,290		728,000
Unifique Telecomunicacoes SA *		108,800		125,667
				853,667
Transportation: 6.8%
EcoRodovias Infraestrutura e Logistica SA *		185,340		305,624
Gol Linhas Aereas Inteligentes SA (ADR) * †		71,529		545,766
Hidrovias do Brasil SA *		359,100		250,577
Movida Participacoes SA *		140,000		440,380
Santos Brasil Participacoes SA *		577,650		841,163
Sequoia Logistica e Transportes SA *		74,100		210,772
				2,594,282
Utilities: 8.6%
Alupar Investimento SA		211,337		943,415
Cia de Saneamento de Minas Gerais		163,238		413,659
Cia de Saneamento do Parana *		259,500		913,009
Light SA		204,700		493,543
Omega Geracao SA *		87,800		517,215
				3,280,841
Total Common Stocks (Cost: $36,443,485)				34,297,088
PREFERRED SECURITIES: 9.3%
Banks: 3.4%
Banco ABC Brasil SA 6.30% *		67,670		185,026
Banco do Estado do Rio Grande do Sul SA 6.55%		151,250		323,844
Banco Pan SA 1.03%		268,000		785,435
				1,294,305
Capital Goods: 1.4%
Marcopolo SA 3.37% *		369,009		197,184
Randon SA Implementos e Participacoes 5.56%		153,550		332,153
				529,337
Information Technology: 1.3%
Cia Ferro Ligas da Bahia 2.85%		29,800		306,660
Taurus Armas SA 0.00% *		51,000		199,383
				506,043
Materials: 1.7%
Unipar Carbocloro SA 5.06%		44,877		651,677
Utilities: 1.5%
Cia Energetica de Sao Paulo 11.06%		130,400		565,348
Total Preferred Securities (Cost: $2,947,013)				3,546,710
CLOSED-END FUND: 1.2% (Cost: $493,613)
CSHG Logistica FI Imobiliario		15,831		479,661
Total Investments Before Collateral for Securities Loaned: 100.0% (Cost: $39,884,111)				38,323,459
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 3.3% (Cost: $1,261,504)
Money Market Fund: 3.3%
State Street Navigator Securities Lending Government Money Market Portfolio		1,261,504		1,261,504
Total Investments: 103.3% (Cost: $41,145,615)				39,584,963
Liabilities in excess of other assets: (3.3)%				(1,253,078	)
NET ASSETS: 100.0%			$	38,331,885

Definitions:
ADR	American Depositary Receipt
USD	United States Dollar
Footnotes:
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $3,576,726.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $431,002 which represents 1.1% of net assets.
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, and the value amounted $508,338, or 1.3% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		4.5	%	$	1,747,525
Consumer Discretionary		26.7			10,195,731
Consumer Staples		10.7			4,111,833
Energy		3.9			1,504,078
Financials		7.9			2,997,693
Health Care		6.0			2,315,414
Industrials		13.1			5,001,813
Information Technology		4.4			1,714,437
Materials		4.3			1,651,042
Real Estate		7.7			2,951,695
Utilities		10.8			4,132,198
		100.0	%	$	38,323,459

VANECK CHINA GROWTH LEADERS ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 99.9%
Automobiles & Components: 0.7%
Changzhou Xingyu Automotive Lighting Systems Co. Ltd. #		4,078	$	114,177
Shandong Linglong Tyre Co. Ltd. #		17,000		92,398
				206,575
Capital Goods: 8.1%
Beijing Bei Mo Gao Ke Friction Material Co. Ltd. #		6,100		99,857
Beijing New Building Materials Plc #		25,800		126,757
Dajin Heavy Industry Co. Ltd. #		6,400		23,736
Fujian Longma Environmental Sanitation Equipment Co. Ltd. #		7,200		15,360
Guangdong Lingxiao Pump Industry Co. Ltd. #		5,900		19,713
Guangzhou KDT Machinery Co. Ltd. #		6,600		34,177
Hangzhou Zhongtai Cryogenic Technology Corp. #		4,400		12,680
Jiangsu Hengli Hydraulic Co. Ltd. #		13,016		170,144
Jiangsu Nanfang Bearing Co. Ltd. #		7,600		12,094
Jingjin Environmental Protection Co. Ltd. #		5,900		29,916
Jinlei Technology Co. Ltd. #		6,800		61,321
Nantong Jianghai Capacitor Co. Ltd. #		13,800		37,983
Nanxing Machinery Co. Ltd. #		3,400		7,205
NARI Technology Co. Ltd. #		70,120		387,763
Ningbo Orient Wires & Cables Co. Ltd. #		10,400		47,722
Ocean’s King Lighting Science & Technology Co. Ltd. #		11,600		29,097
Sany Heavy Industry Co. Ltd. #		173,600		681,215
Sichuan Kexin Mechanical and Electrical Equipment Co. Ltd. #		7,900		12,920
Zhefu Holding Group Co. Ltd. #		33,600		39,404
Zhejiang Dingli Machinery Co. Ltd. #		6,302		68,866
Zhuzhou Kibing Group Co. Ltd. #		53,500		141,880
Zoomlion Heavy Industry Science and Technology Co. Ltd. #		174,800		222,864
				2,282,674
Commercial & Professional Services: 0.7%
Languangjustbon H SH (HKD) #		3,300		22,955
Shanghai M&G Stationery, Inc. #		11,000		115,748
UE Furniture Co. Ltd. #		2,700		4,543
Zhejiang Weiming Environment Protection Co. Ltd. #		10,756		45,884
				189,130
Consumer Durables & Apparel: 3.5%
Baoxiniao Holding Co. Ltd.		29,500		23,448
Biem.L.Fdlkk Garment Co. Ltd. #		11,300		44,474
Chow Tai Seng Jewellery Co. Ltd. #		9,300		28,550
Hangzhou Nbond Nonwovens Co. Ltd. #		1,400		2,666
Hisense Home Appliances Group Co. Ltd. #		17,500		32,492
Leshan Giantstar Farming & Husbandry Corp. Ltd. #		4,400		8,316
Li Ning Co. Ltd. (HKD) #		68,500		789,513
Markor International Home Furnishings Co. Ltd. # *		20,500		9,944
Ningbo Peacebird Fashion Co. Ltd.		2,200		13,219
Q Technology Group Co. Ltd. (HKD) # †		14,000		20,100
Shanghai Yaoji Technology Co. Ltd.		5,600		14,942
				987,664
Consumer Services: 0.1%
Fu Shou Yuan International Group Ltd. (HKD) #		36,000		29,945
Diversified Financials: 1.6%
360 DigiTech, Inc. (ADR) *		3,652		74,209
China Renaissance Holdings Ltd. (HKD) 144A # *		5,400		13,282
CSC Financial Co. Ltd. (HKD) 144A #		164,500		183,834
Hithink RoyalFlush Information Network Co. Ltd. #		9,724		179,640
				450,965
Energy: 0.7%
Shaanxi Coal Industry Co. Ltd. #		84,400		192,593
Shandong Sunway Chemical Group Co. Ltd. #		14,500		13,428
				206,021
Food, Beverage & Tobacco: 17.3%
Angel Yeast Co. Ltd. #		15,100		116,966
Anhui Yingjia Distillery Co. Ltd. #		5,400		42,482
China Feihe Ltd. (HKD) 144A #		115,000		193,836
Chongqing Brewery Co. Ltd. (CNY) # *		6,100		123,727
COFCO Joycome Foods Ltd. (HKD) # * †		72,000		22,659
Ganso Co. Ltd. (CNY)		2,500		7,398
Guangdong Guanghong Holdings Co. Ltd. #		7,400		6,382
Hebei Chengde Lolo Co. #		19,500		34,384
Jiangsu King’s Luck Brewery JSC Ltd. #		14,800		103,569
JiuGui Liquor Co. Ltd. #		6,000		229,705
Luzhou Laojiao Co. Ltd. #		20,928		719,177
Muyuan Foods Co. Ltd. #		82,324		656,136
Sanquan Food Co. Ltd. #		13,710		34,461
Shandong Longda Meat Foodstuff Co. Ltd. #		12,300		18,741
Shanghai Bairun Investment Holding Group Co. Ltd.		16,840		194,362
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. #		11,095		541,326
Sichuan Swellfun Co. Ltd. #		5,400		105,720
Want Want China Holdings Ltd. (HKD) #		141,000		106,467
Wuliangye Yibin Co. Ltd. #		44,230		1,498,871
Yihai International Holding Ltd. (HKD) # * †		15,000		83,591
				4,839,960
Health Care Equipment & Services: 7.9%
Aier Eye Hospital Group Co. Ltd. #		75,684		624,581
Blue Sail Medical Co. Ltd. #		19,300		53,730
Dian Diagnostics Group Co. Ltd. #		16,200		74,141
Edan Instruments, Inc. #		13,700		24,650
Guangzhou Kingmed Diagnostics Group Co. Ltd. #		8,300		131,297
Guangzhou Wondfo Biotech Co. Ltd. #		9,330		62,032
Intco Medical Technology Co. Ltd. #		16,200		146,513
Jafron Biomedical Co. Ltd. #		19,150		173,578
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. #		21,000		105,338
Kangji Medical Holdings Ltd. (HKD) # †		10,500		13,927
Lepu Medical Technology Beijing Co. Ltd. #		38,200		158,481
Ningbo David Medical Device Co. Ltd. #		4,600		10,237
Ovctek China, Inc. #		15,709		199,169
Sansure Biotech, Inc. #		4,903		42,203
Shanghai Kindly Enterprise Development Group Co. Ltd. # *		7,900		26,723
Shanghai ZJ Bio-Tech Co. Ltd. #		6,308		46,165
Tibet Rhodiola Pharmaceutical Holding Co. #		2,500		18,496
Tofflon Science & Technology Group Co. Ltd. #		9,300		64,743
Winner Medical Co. Ltd. #		13,600		168,666
Wuhan Easydiagnosis Biomedicine Co. Ltd. #		1,100		10,545
Zhejiang Gongdong Medical Technology Co. Ltd. #		3,700		57,243
Zhende Medical Co. Ltd. #		2,700		15,106
				2,227,564
Household & Personal Products: 0.7%
By-health Co. Ltd. #		37,100		162,394
Mingchen Health Co. Ltd.		3,000		21,145
				183,539
Materials: 10.3%
Anhui Conch Cement Co. Ltd. #		68,767		434,341
Anhui Guangxin Agrochemical Co. Ltd. #		6,300		31,748
Chengdu Guibao Science & Technology Co. Ltd. #		6,500		18,635
China Nonferrous Mining Corp. Ltd. (HKD) # †		33,000		15,824
Chongqing Zaisheng Technology Corp. Ltd. #		12,000		22,179
Citic Pacific Special Steel Group Co. Ltd. #		42,470		134,285
City Development Environment Co. Ltd. #		6,000		9,967
CNSIG Inner Mongolia Chemical Industry Co. Ltd. #		13,300		45,698
DeHua TB New Decoration Materials Co. Ltd. #		9,400		13,711
Fangda Special Steel Technology Co. Ltd. #		29,500		35,900
Fujian Green Pine Co. Ltd.		11,900		25,813
Gansu Shangfeng Cement Co. Ltd. #		8,100		23,697
Guangzhou Tinci Materials Technology Co. Ltd. #		23,150		542,492
Hailir Pesticides and Chemicals Group Co. Ltd. #		3,100		8,431
HBIS Resources Co. Ltd. #		8,300		20,477
Huafon Chemical Co. Ltd. #		151,100		283,290
Huaxin Cement Co. Ltd. #		22,400		71,037
Hunan Haili Chemical Industry Co. Ltd. #		11,470		13,811
Jiangsu Huachang Chemical Co. Ltd. #		16,000		27,928
Jiangsu Sopo Chemical Co. #		16,300		44,369
Jiangsu Yangnong Chemical Co. Ltd. #		5,700		92,269
Jiangxi Chenguang New Materials Co. Ltd. #		4,100		22,989
Jiangxi Wannianqing Cement Co. Ltd. #		12,000		24,672
Jiangyin Hengrun Heavy Industries Co. ltd #		4,000		23,858
Kingfa Sci & Tech Co. Ltd. #		47,300		107,150
Lier Chemical Co. Ltd. #		7,900		34,089
Luxi Chemical Group Co. Ltd. #		36,000		104,361
Ningxia Building Materials Group Co. Ltd. #		6,800		11,772
Shandong Bohui Paper Industrial Co. Ltd. #		7,900		13,929
Shandong Head Co. Ltd. # *		6,120		39,817
Shandong Hualu Hengsheng Chemical Co. Ltd. #		45,400		230,175
Shangdong Lubei Chemical Co. Ltd. #		12,200		23,255
Sichuan Anning Iron and Titanium Co. Ltd. #		5,500		42,162
Tianjin You Fa Steel Pipe Group Stock Co. Ltd. #		44,800		70,549
West China Cement Ltd. (HKD) #		66,000		12,269
Xiamen Jihong Technology Co. Ltd. #		7,500		19,098
Zhejiang Double Arrow Rubber Co. Ltd. #		9,200		10,394
Zhejiang JIULI Hi-tech Metals Co. Ltd. #		19,600		42,412
Zhejiang Wansheng Co. Ltd. #		7,700		28,566
Zhejiang Xinan Chemical Industrial Group Co. Ltd. #		21,000		102,372
				2,879,791
Media & Entertainment: 5.3%
G-bits Network Technology Xiamen Co. Ltd. #		1,200		72,772
Hangzhou Electronic Soul Network Technology Co. Ltd. #		2,500		8,537
Shanghai Fengyuzhu Culture and Technology Co. Ltd. #		4,000		9,319
Tencent Holdings Ltd. (HKD) #		23,300		1,390,980
				1,481,608
Pharmaceuticals, Biotechnology & Life Sciences: 8.3%
Beijing Hotgen Biotech Co. Ltd. #		1,253		22,384
Changchun High & New Technology Industry Group, Inc. #		9,700		411,316
China Medical System Holdings Ltd. (HKD) #		40,000		72,900
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. #		10,700		46,785
Chongqing Zhifei Biological Products Co. Ltd. #		35,400		866,588
Daan Gene Co. Ltd. #		29,300		84,307
Guangdong Hybribio Biotech Co. Ltd. #		4,000		19,664
Livzon Pharmaceutical Group, Inc. #		17,500		104,908
Shandong Wohua Pharmaceutical Co. Ltd. #		8,100		8,422
Shanghai Kehua Bio- Engineering Co. Ltd.		11,000		22,464
Shenyang Xingqi Pharmaceutical Co. Ltd. #		2,200		43,312
Walvax Biotechnology Co. Ltd. #		35,500		344,927
Xiamen Kingdomway Group Co. #		6,700		32,344
Zhejiang Cheng Yi Pharmaceutical Co. Ltd. #		3,700		8,386
Zhejiang NHU Co. Ltd. #		40,960		169,620
Zhejiang Orient Gene Biotech Co. Ltd. #		2,824		68,059
				2,326,386
Real Estate: 4.1%
A-Living Smart City Services Co. Ltd. 144A #		16,500		58,595
Central China New Life Ltd. (HKD) # * †		12,000		8,511
CIFI Ever Sunshine Services Group Ltd. (HKD) # †		26,000		51,970
Country Garden Services Holdings Co. Ltd. (HKD) #		58,000		458,312
Evergrande Property Services Group Ltd. (HKD) 144A # *		49,000		31,832
Hefei Urban Construction Development Co. Ltd. #		11,300		13,704
Logan Group Co. Ltd. (HKD) #		44,000		45,917
Longfor Group Holdings Ltd. (HKD) 144A #		50,500		230,739
Powerlong Real Estate Holdings Ltd. (HKD) #		50,000		37,689
Rongan Property Co. Ltd. #		34,400		13,130
Seazen Holdings Co. Ltd. #		21,400		123,578
S-Enjoy Service Group Co. Ltd. (HKD) # * †		9,000		19,139
Shenzhen New Nanshan Holding Group Co. Ltd. #		42,200		20,919
Shenzhen Properties & Resources Development Group Ltd. #		6,500		12,140
Times Neighborhood Holdings Ltd. (HKD) #		18,000		9,230
				1,135,405
Retailing: 10.6%
Alibaba Group Holding Ltd. (ADR) *		8,741		1,294,105
Easyhome New Retail Group Co. Ltd. #		104,100		88,153
JD.com, Inc. (ADR) *		18,222		1,316,357
Pop Mart International Group Ltd. (HKD) 144A # †		4,800		32,493
Vipshop Holdings Ltd. (ADR) *		20,719		230,810
				2,961,918
Semiconductors & Semiconductor Equipment: 8.4%
Daqo New Energy Corp. (ADR) *		2,478		141,246
Gigadevice Semiconductor Beijing, Inc. #		14,280		318,907
LONGi Green Energy Technology Co. Ltd. #		112,836		1,436,115
Shenzhen Sunmoon Microelectronics Co. Ltd.		2,230		94,431
Xinyi Solar Holdings Ltd. (HKD) #		150,000		307,069
Yangzhou Yangjie Electronic Technology Co. Ltd. #		7,000		48,126
				2,345,894
Software & Services: 1.1%
Chinasoft International Ltd. (HKD) # *		80,000		141,290
Shanghai Baosight Software Co. Ltd. #		15,220		154,872
Sichuan Jiuyuan Yinhai Software Co. Ltd. #		5,500		17,143
				313,305
Technology Hardware & Equipment: 9.0%
Beijing Wanji Technology Co. Ltd. #		4,400		18,411
Beijing Yuanliu Hongyuan Electronic Technology Co. Ltd. #		4,100		95,425
BYD Electronic International Co. Ltd. (HKD) # †		20,500		71,695
Chongqing Chuanyi Automation Co. Ltd. #		13,000		36,965
Cubic Sensor and Instrument Co. Ltd. #		2,333		50,116
Eoptolink Technology, Inc. Ltd. #		11,823		61,417
Goldenmax International Technology Ltd. #		6,700		15,781
Luxshare Precision Industry Co. Ltd. #		122,705		674,038
Maxscend Microelectronics Co. Ltd. #		7,600		411,156
Shanghai Friendess Electronic Technology Corp. Ltd. #		2,963		200,660
Shenzhen H&T Intelligent Control Co. Ltd. #		27,700		88,769
Shenzhen TVT Digital Technology Co. Ltd. #		5,900		8,941
Sunny Optical Technology Group Co. Ltd. (HKD) #		23,400		612,726
Suntront Techonology Co. Ltd. #		24,800		18,284
Suzhou Etron Technologies Co. Ltd. #		4,200		19,235
Wuxi Xinje Electric Co. Ltd.		2,600		18,584
ZheJiang Dali Technology Co. Ltd. #		14,460		49,879
Zhuzhou Hongda Electronics Corp. Ltd. #		7,200		84,198
				2,536,280
Telecommunication Services: 0.0%
BizConf Telecom Co. Ltd. #		2,800		10,425
Transportation: 1.5%
Anhui Expressway Co. Ltd. #		9,700		9,981
COSCO SHIPPING Holdings Co. Ltd. # *		142,500		377,096
Guangdong Provincial Expressway Development Co. Ltd. #		17,600		20,260
				407,337
Total Common Stocks (Cost: $25,488,947)				28,002,386
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.4% (Cost: $107,615)
Money Market Fund: 0.4%
State Street Navigator Securities Lending Government Money Market Portfolio		107,615		107,615
Total Investments: 100.3% (Cost: $25,596,562)				28,110,001
Liabilities in excess of other assets: (0.3)%				(81,864	)
NET ASSETS: 100.0%			$	28,028,137

Definitions:
ADR	American Depositary Receipt
CNH	Chinese Yuan Renminbi
CNY	Chinese Yuan
HKD	Hong Kong Dollar
Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $24,509,853 which represents 87.4% of net assets.
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $319,100.
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, and the value amounted $744,611, or 2.7% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		5.3	%	$	1,492,033
Consumer Discretionary		14.9			4,186,102
Consumer Staples		18.0			5,023,499
Energy		0.7			206,021
Financials		1.6			450,965
Health Care		16.3			4,553,950
Industrials		10.2			2,879,141
Information Technology		18.6			5,195,479
Materials		10.3			2,879,791
Real Estate		4.1			1,135,405
		100.0	%	$	28,002,386

VANECK CHINAAMC SME-CHINEXT ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 100.2%
Automobiles & Components: 3.7%
BYD Co. Ltd. #		41,622	$	1,604,423
Banks: 2.1%
Bank of Ningbo Co. Ltd. #		166,332		902,974
Capital Goods: 20.0%
AVIC Electromechanical Systems Co. Ltd. #		102,900		211,027
Contemporary Amperex Technology Co. Ltd. #		57,300		4,648,239
Eve Energy Co. Ltd. #		58,596		892,507
Han’s Laser Technology Industry Group Co. Ltd. #		43,470		253,042
Shenzhen Inovance Technology Co. Ltd. #		84,285		820,195
Sungrow Power Supply Co. Ltd. #		49,400		1,124,148
Xinjiang Goldwind Science & Technology Co. Ltd. #		130,730		350,679
Zhejiang Sanhua Intelligent Controls Co. Ltd. #		91,624		322,823
				8,622,660
Consumer Durables & Apparel: 0.4%
Hangzhou Robam Appliances Co. Ltd. #		23,680		123,684
Zhejiang Supor Co. Ltd. #		7,823		56,567
				180,251
Consumer Services: 0.6%
Offcn Education Technology Co. Ltd. # *		66,900		112,560
Songcheng Performance Development Co. Ltd. #		71,921		156,189
				268,749
Diversified Financials: 7.0%
China Great Wall Securities Co. Ltd. #		47,600		86,834
East Money Information Co. Ltd. #		410,017		2,170,631
First Capital Securities Co. Ltd. #		179,480		200,551
Guosen Securities Co. Ltd. #		147,243		268,811
Hithink RoyalFlush Information Network Co. Ltd. #		10,500		193,976
Western Securities Co. Ltd. #		93,254		119,018
				3,039,821
Food, Beverage & Tobacco: 8.1%
Beijing Dabeinong Technology Group Co. Ltd. #		142,400		166,568
Fujian Sunner Development Co. Ltd. #		30,200		100,899
Guangdong Haid Group Co. Ltd. #		40,000		417,077
Jiangsu Yanghe Brewery Joint- Stock Co. Ltd. #		29,138		745,594
Jiangxi Zhengbang Technology Co. Ltd. #		70,100		101,963
Muyuan Foods Co. Ltd. #		121,940		971,883
Shanghai Bairun Investment Holding Group Co. Ltd.		19,700		227,371
Wens Foodstuffs Group Co. Ltd. #		247,760		554,556
Yihai Kerry Arawana Holdings Co. Ltd. #		21,200		226,729
				3,512,640
Health Care Equipment & Services: 8.2%
Aier Eye Hospital Group Co. Ltd. #		117,011		965,632
Intco Medical Technology Co. Ltd. #		15,900		143,800
Jafron Biomedical Co. Ltd. #		21,800		197,598
Lepu Medical Technology Beijing Co. Ltd. #		58,713		243,584
Meinian Onehealth Healthcare Holdings Co. Ltd. # *		142,416		163,587
Ovctek China, Inc. #		23,200		294,144
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. #		21,800		1,302,955
Winner Medical Co. Ltd. #		2,700		33,485
Winning Health Technology Group Co. Ltd. #		84,366		189,183
				3,533,968
Household & Personal Products: 0.4%
By-health Co. Ltd. #		38,400		168,085
Materials: 8.0%
Beijing Oriental Yuhong Waterproof Technology Co. Ltd. #		85,603		584,519
Ganfeng Lithium Co. Ltd. #		41,200		1,034,464
Huafon Chemical Co. Ltd. #		70,800		132,739
LB Group Co. Ltd. #		57,100		252,155
Rongsheng Petrochemical Co. Ltd. #		158,100		457,825
Yunnan Energy New Material Co. Ltd. #		23,000		996,251
				3,457,953
Media & Entertainment: 3.6%
Beijing Enlight Media Co. Ltd. #		56,642		86,942
Focus Media Information Technology Co. Ltd. #		535,084		606,008
Giant Network Group Co. Ltd. #		42,180		67,979
Mango Excellent Media Co. Ltd. #		34,270		231,338
Perfect World Co. Ltd. #		65,350		152,305
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd. #		63,000		204,198
Zhejiang Century Huatong Group Co. Ltd. # *		167,860		192,092
				1,540,862
Pharmaceuticals, Biotechnology & Life Sciences: 11.5%
Asymchem Laboratories Tianjin Co. Ltd. #		7,800		537,695
Betta Pharmaceuticals Co. Ltd. #		12,000		173,478
BGI Genomics Co. Ltd. #		11,100		150,565
Chengdu Kanghong Pharmaceutical Group Co. Ltd. #		16,200		45,886
Chongqing Zhifei Biological Products Co. Ltd. #		36,469		892,757
Hangzhou Tigermed Consulting Co. Ltd. #		27,000		727,050
Hualan Biological Engineering, Inc. #		45,737		197,134
Imeik Technology Development Co. Ltd. #		2,500		229,560
Pharmaron Beijing Co. Ltd. #		11,900		396,552
Shanghai RAAS Blood Products Co. Ltd. #		156,663		165,398
Shenzhen Kangtai Biological Products Co. Ltd. #		15,700		267,266
Shenzhen New Industries Biomedical Engineering Co. Ltd. #		14,400		108,396
Walvax Biotechnology Co. Ltd. #		79,500		772,443
Zhejiang NHU Co. Ltd. #		69,344		287,161
				4,951,341
Retailing: 0.4%
Suning.com Co. Ltd. # *		208,938		161,370
Semiconductors & Semiconductor Equipment: 7.3%
Ingenic Semiconductor Co. Ltd. #		9,700		191,818
JA Solar Technology Co. Ltd. #		26,500		268,632
NAURA Technology Group Co. Ltd. #		11,400		640,066
SG Micro Corp. #		7,200		369,304
Tianjin Zhonghuan Semiconductor Co. Ltd. #		109,920		777,642
Tianshui Huatian Technology Co. Ltd. #		109,800		204,411
Unigroup Guoxin Microelectronics Co. Ltd. #		22,000		701,795
				3,153,668
Software & Services: 3.9%
Beijing Shiji Information Technology Co. Ltd. #		22,966		90,543
Glodon Co. Ltd. #		50,575		522,393
Iflytek Co. Ltd. #		89,050		724,896
Sangfor Technologies, Inc. #		9,600		349,137
				1,686,969
Technology Hardware & Equipment: 12.6%
Anker Innovations Technology Co. Ltd. #		2,100		34,801
Avary Holding Shenzhen Co. Ltd. #		26,900		138,635
Chaozhou Three-Circle Group Co. Ltd. #		58,700		336,027
GoerTek, Inc. #		120,816		801,691
Guangzhou Shiyuan Electronic Technology Co. Ltd. #		17,100		207,404
Lens Technology Co. Ltd. #		68,668		220,853
Lingyi iTech Guangdong Co. # *		123,400		122,974
Luxshare Precision Industry Co. Ltd. #		229,382		1,260,032
Maxscend Microelectronics Co. Ltd. #		9,988		540,436
Shennan Circuits Co. Ltd. #		8,320		121,714
Shenzhen Sunway Communication Co. Ltd. #		41,401		143,799
Suzhou Dongshan Precision Manufacturing Co. Ltd. #		65,700		211,212
Wuhan Guide Infrared Co. Ltd. #		39,540		142,456
Wuxi Lead Intelligent Equipment Co. Ltd. #		50,120		535,800
Yealink Network Technology Corp. Ltd. #		13,600		171,085
Zhejiang Dahua Technology Co. Ltd. #		87,905		321,075
Zhongji Innolight Co. Ltd. #		25,200		135,461
				5,445,455
Transportation: 2.4%
SF Holding Co. Ltd. #		82,800		835,957
Yunda Holding Co. Ltd. #		62,124		184,804
				1,020,761
Total Common Stocks (Cost: $20,071,340)				43,251,950
Total Investments: 100.2% (Cost: $20,071,340)				43,251,950
Liabilities in excess of other assets: (0.2)%				(95,051	)
NET ASSETS: 100.0%			$	43,156,899

Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $43,024,579 which represents 99.7% of net assets.
*	Non-income producing

Summary of Investments by Sector	% of Investments			Value
Communication Services		3.6	%	$	1,540,862
Consumer Discretionary		5.1			2,214,793
Consumer Staples		8.5			3,680,725
Financials		9.1			3,942,795
Health Care		19.6			8,485,309
Industrials		22.3			9,643,421
Information Technology		23.8			10,286,092
Materials		8.0			3,457,953
		100.0	%	$	43,251,950

VANECK EGYPT INDEX ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 100.0%
Banks: 7.6%
Commercial International Bank Egypt SAE (USD) (GDR) *		614,142	$	1,639,759
Capital Goods: 4.6%
ElSewedy Electric Co. #		1,922,544		995,335
Consumer Durables & Apparel: 3.1%
Oriental Weavers #		1,207,030		667,487
Consumer Services: 6.6%
Cairo Investment & Real Estate Development Co. SAE #		1,269,431		980,254
Taaleem Management Services Co. SAE *		1,427,192		439,415
				1,419,669
Diversified Financials: 9.2%
Egyptian Financial Group-Hermes Holding Co. # *		1,148,736		884,316
Egyptian Financial Group-Hermes Holding Co. (USD) (GDR) # *		284,481		454,425
Pioneers Holding for Financial Investments SAE # *		1,865,166		660,854
				1,999,595
Food, Beverage & Tobacco: 11.8%
Eastern Co. SAE		2,398,292		1,867,372
Juhayna Food Industries # *		1,927,484		684,089
				2,551,461
Health Care Equipment & Services: 6.4%
Cleopatra Hospital # *		3,408,707		969,785
Ibnsina Pharma SAE # *		2,010,228		421,365
				1,391,150
Materials: 17.4%
Alexandria Mineral Oils Co. # *		1,923,119		463,731
Centamin Plc (GBP) #		782,529		1,002,493
Egypt Kuwait Holding Co. SAE (USD) # *		1,263,815		1,453,645
Ezz Steel Co. SAE # *		556,155		453,384
Sidi Kerir Petrochemicals Co. # *		684,036		384,391
				3,757,644
Real Estate: 22.1%
Emaar Misr for Development SAE # *		2,739,932		417,014
Heliopolis Housing #		1,739,517		548,776
Medinet Nasr Housing #		3,972,211		678,797
Palm Hills Developments SAE #		6,882,240		848,651
Real Estate Egyptian Consortium SAE *		521,170		196,931
Six of October Development & Investment #		745,873		876,105
Talaat Moustafa Group #		2,615,073		1,224,972
				4,791,246
Software & Services: 6.1%
Fawry for Banking & Payment Technology Services SAE # *		1,465,228		1,323,060
Telecommunication Services: 5.1%
Telecom Egypt Co. #		1,221,506		1,099,528
Total Common Stocks (Cost: $19,426,234)				21,635,934
Total Investments: 100.0% (Cost: $19,426,234)				21,635,934
Liabilities in excess of other assets: 0.0%				(49	)
NET ASSETS: 100.0%			$	21,635,885

Definitions:
GBP	British Pound
GDR	Global Depositary Receipt
USD	United States Dollar
Footnotes:
*	Non-income producing
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $17,492,457 which represents 80.8% of net assets.

Summary of Investments by Sector	% of Investments			Value
Communication Services		5.1	%	$	1,099,528
Consumer Discretionary		9.7			2,087,156
Consumer Staples		11.8			2,551,461
Financials		16.8			3,639,354
Health Care		6.4			1,391,150
Industrials		4.6			995,335
Information Technology		6.1			1,323,060
Materials		17.4			3,757,644
Real Estate		22.1			4,791,246
		100.0	%	$	21,635,934

VANECK INDIA GROWTH LEADERS ETF

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 100.0%
Automobiles & Components: 9.4%
Bajaj Auto Ltd. #		61,763	$	3,182,178
Balkrishna Industries Ltd. #		37,414		1,271,702
Ceat Ltd. #		7,838		139,273
Goodyear India Ltd. #		2,879		39,946
Hero MotoCorp Ltd. #		63,787		2,432,477
				7,065,576
Capital Goods: 6.8%
Ashoka Buildcon Ltd. # *		62,447		82,337
Astral Ltd. #		39,167		1,139,468
Escorts Ltd. #		23,137		459,579
Havells India Ltd. #		106,099		1,950,376
HG Infra Engineering Ltd. #		31,089		268,919
IndiaMart InterMesh Ltd. 144A #		5,790		650,177
KNR Constructions Ltd. #		67,211		259,199
PNC Infratech Ltd. #		55,317		283,612
				5,093,667
Diversified Financials: 3.9%
Central Depository Services India Ltd. #		43,695		757,065
Equitas Holdings Ltd. #		125,935		203,953
ICICI Securities Ltd. 144A #		43,203		440,026
Manappuram Finance Ltd. #		212,784		481,955
Muthoot Finance Ltd. #		53,320		1,037,305
				2,920,304
Food, Beverage & Tobacco: 0.4%
Globus Spirits Ltd. #		13,330		238,621
Gujarat Ambuja Exports Ltd. #		30,339		70,541
Radico Khaitan Ltd. #		100		1,185
				310,347
Health Care Equipment & Services: 1.0%
Dr Lal PathLabs Ltd. 144A #		15,823		781,134
Materials: 27.8%
Alkyl Amines Chemicals #		6,610		339,444
APL Apollo Tubes Ltd. # *		50,016		552,798
Asian Paints Ltd. #		83,746		3,650,559
Atul Ltd. #		7,563		961,486
Balaji Amines Ltd. #		4,513		273,380
BASF India Ltd. #		5,589		257,315
Bhansali Engineering Polymers Ltd. #		29,360		73,069
Carborundum Universal Ltd. #		46,498		552,944
Cosmo Films Ltd. #		5,201		104,518
Deepak Nitrite Ltd. #		34,256		1,104,827
Finolex Industries Ltd. #		306,859		859,081
Godawari Power and Ispat Ltd. #		5,764		98,739
Jindal Poly Films Ltd. #		3,231		44,259
Jindal Stainless Hisar Ltd. # *		45,965		177,478
JK Cement Ltd. #		11,846		495,280
JK Lakshmi Cement Ltd. #		28,715		237,854
NMDC Ltd. #		578,776		1,107,420
Phillips Carbon Black Ltd. #		38,467		137,514
PI Industries Ltd. #		40,188		1,716,146
Polyplex Corp. Ltd. #		5,799		134,390
Rossari Biotech Ltd. #		8,580		167,292
Shree Cement Ltd. #		4,895		1,903,305
Steel Authority of India Ltd. #		720,422		1,094,493
Supreme Industries Ltd. #		29,690		931,789
Tata Metaliks Ltd. #		6,284		87,346
Tata Steel BSL Ltd. # *		130,809		147,619
Tata Steel Long Products Ltd. #		5,545		67,417
UltraTech Cement Ltd. #		35,296		3,502,280
				20,780,042
Media & Entertainment: 1.0%
Chennai Super Kings Cricket Ltd. # * ø		1,298,085		327,899
Sun TV Network Ltd. #		42,289		286,874
TV18 Broadcast Ltd. # *		315,567		160,071
				774,844
Pharmaceuticals, Biotechnology & Life Sciences: 20.4%
Ajanta Pharma Ltd. #		13,359		408,983
Alembic Pharmaceuticals Ltd. #		29,503		312,313
Alkem Laboratories Ltd. #		14,562		778,703
Aurobindo Pharma Ltd. #		142,927		1,390,367
Cipla Ltd. #		257,884		3,409,549
Divi’s Laboratories Ltd. #		55,440		3,579,499
Gland Pharma Ltd. 144A # *		24,297		1,211,393
Glenmark Pharmaceuticals Ltd. #		70,297		481,852
Granules India Ltd. #		70,562		302,682
IOL Chemicals and Pharmaceuticals Ltd. #		10,181		81,044
Ipca Laboratories Ltd. #		32,538		1,053,108
JB Chemicals & Pharmaceuticals Ltd. #		15,198		380,741
Laurus Labs Ltd. 144A #		169,781		1,400,843
Marksans Pharma Ltd. #		101,295		93,639
Pfizer Ltd. #		7,481		560,370
				15,445,086
Software & Services: 26.8%
eClerx Services Ltd. #		7,254		211,275
Happiest Minds Technologies Ltd. #		18,524		341,863
Infosys Ltd. (ADR)		165,789		3,688,805
Larsen & Toubro Infotech Ltd. 144A #		22,627		1,749,613
Mastek Ltd. #		5,485		228,844
Mindtree Ltd. #		28,215		1,588,852
Mphasis Ltd. #		40,071		1,664,345
Oracle Financial Services Software Ltd. #		11,512		704,863
Persistent Systems Ltd. #		24,579		1,228,022
Tata Consultancy Services Ltd. #		73,915		3,745,884
Tata Elxsi Ltd. #		17,236		1,291,049
Wipro Ltd. #		423,104		3,594,018
				20,037,433
Telecommunication Services: 1.7%
Indus Towers Ltd. #		312,488		1,291,746
Utilities: 0.8%
Gujarat State Petronet Ltd. #		145,287		616,126
Total Common Stocks (Cost: $53,179,578)				75,116,305
Total Investments: 100.0% (Cost: $53,179,578)				75,116,305
Liabilities in excess of other assets: 0.0%				(5,507	)
NET ASSETS: 100.0%			$	75,110,798

Definitions:
ADR	American Depositary Receipt
Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $71,427,500 which represents 95.1% of net assets.
*	Non-income producing
ø	Restricted Security – the aggregate value of restricted securities is $327,899, or 0.4% of net assets
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, and the value amounted $6,233,186, or 8.3% of net assets.

Restricted securities held by the fund as of September 30, 2021 are as follows:

Security	Acquisition Date	Number of Shares		Acquisition Cost		Value		% of Net Assets
Chennai Super Kings Cricket Ltd.	10/08/2015		1,298,085		$35,108		$327,899		0.4	%

Summary of Investments by Sector	% of Investments			Value
Communication Services		2.7	%	$	2,066,590
Consumer Discretionary		9.4			7,065,577
Consumer Staples		0.4			310,347
Financials		3.9			2,920,303
Health Care		21.6			16,226,220
Industrials		6.8			5,093,668
Information Technology		26.7			20,037,433
Materials		27.7			20,780,041
Utilities		0.8			616,126
		100.0	%	$	75,116,305

VANECK INDONESIA INDEX ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 99.8%
Automobiles & Components: 6.1%
Astra International Tbk PT #		5,423,700	$	2,070,811
Banks: 30.5%
Bank Central Asia Tbk PT #		1,179,100		2,871,953
Bank Jago Tbk PT # *		1,440,600		1,515,537
Bank Mandiri Persero Tbk PT #		4,935,602		2,109,412
Bank Negara Indonesia Persero Tbk PT #		2,797,732		1,041,554
Bank Rakyat Indonesia Persero Tbk PT #		10,178,533		2,713,054
Bank Syariah Indonesia Tbk PT # *		1,069,000		152,009
				10,403,519
Diversified Financials: 0.5%
BFI Finance Indonesia Tbk PT		2,515,200		176,613
Energy: 7.8%
Adaro Energy Tbk PT #		5,998,300		733,251
Banpu PCL (NYS) #		1,789,029		652,821
Bukit Asam Tbk PT #		1,469,100		282,146
United Tractors Tbk PT #		559,569		1,006,901
				2,675,119
Food, Beverage & Tobacco: 10.5%
Charoen Pokphand Indonesia Tbk PT #		2,706,100		1,208,000
First Pacific Co. Ltd. (HKD)		697,250		250,788
Golden Agri-Resources Ltd. (SGD) #		1,285,300		221,489
Gudang Garam Tbk PT #		173,200		392,610
Indofood CBP Sukses Makmur Tbk PT #		831,000		483,961
Indofood Sukses Makmur Tbk PT #		1,646,600		728,479
Japfa Comfeed Indonesia Tbk PT #		2,023,200		277,000
				3,562,327
Health Care Equipment & Services: 1.0%
Mitra Keluarga Karyasehat Tbk PT #		2,030,397		325,304
Household & Personal Products: 1.7%
Unilever Indonesia Tbk PT #		2,146,300		591,928
Materials: 14.9%
Aneka Tambang Tbk #		3,154,500		499,804
Barito Pacific Tbk PT #		10,196,600		683,052
Chandra Asri Petrochemical Tbk PT #		1,118,259		561,324
Indah Kiat Pulp & Paper Tbk PT #		964,400		573,390
Indocement Tunggal Prakarsa Tbk PT #		676,500		492,555
Merdeka Copper Gold Tbk PT # *		4,639,000		811,908
Nickel Mines Ltd. #		518,806		344,984
Pabrik Kertas Tjiwi Kimia Tbk PT #		467,100		258,237
Semen Indonesia Persero Tbk PT #		1,090,100		619,545
Vale Indonesia Tbk PT #		782,600		249,153
				5,093,952
Media & Entertainment: 2.5%
Elang Mahkota Teknologi Tbk PT *		5,508,600		669,692
Surya Citra Media Tbk PT # *		1,385,800		193,768
				863,460
Pharmaceuticals, Biotechnology & Life Sciences: 2.2%
Kalbe Farma Tbk PT #		7,559,800		753,324
Real Estate: 2.9%
Bumi Serpong Damai Tbk PT # *		3,414,400		236,386
Ciputra Development Tbk PT #		3,271,795		212,399
Lippo Karawaci Tbk PT *		12,231,800		130,757
Pakuwon Jati Tbk PT # *		5,599,400		187,820
Summarecon Agung Tbk PT # *		3,715,000		216,885
				984,247
Retailing: 2.2%
Ace Hardware Indonesia Tbk PT #		2,572,900		227,243
Jardine Cycle & Carriage Ltd. (SGD) #		37,088		526,110
				753,353
Telecommunication Services: 14.6%
Indosat Tbk PT # *		428,000		198,776
Sarana Menara Nusantara Tbk PT #		9,184,100		846,454
Smartfren Telecom Tbk PT # *		45,063,500		349,774
Telkom Indonesia Persero Tbk PT (ADR) †		99,694		2,532,228
Tower Bersama Infrastructure Tbk PT #		3,739,000		770,446
XL Axiata Tbk PT #		1,367,575		288,304
				4,985,982
Transportation: 1.4%
Jasa Marga Persero Tbk PT # *		816,650		220,285
Transcoal Pacific Tbk PT *		375,100		250,285
				470,570
Utilities: 1.0%
Perusahaan Gas Negara Tbk PT # *		3,909,600		322,715
Total Common Stocks (Cost: $41,778,076)				34,033,224
WARRANTS: 0.8%
Energy: 0.8%
Banpu Public Co., THB 5.00, expiring 12/31/22		690,232		142,859
Banpu Public Co. Ltd., THB 7.50, expiring 12/31/23		690,232		117,057
Total Warrants (Cost: $0)				259,916
Total Investments Before Collateral for Securities Loaned: 100.6% (Cost: $41,778,076)				34,293,140
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.0% (Cost: $10,000)
Money Market Fund: 0.0%
State Street Navigator Securities Lending Government Money Market Portfolio		10,000		10,000
Total Investments: 100.6% (Cost: $41,788,076)				34,303,140
Liabilities in excess of other assets: (0.6)%				(199,528	)
NET ASSETS: 100.0%			$	34,103,612

Definitions:
ADR	American Depositary Receipt
HKD	Hong Kong Dollar
NYS	New York Registry Shares Depositary Receipt
SGD	Singapore Dollar
THB	Thai Baht
Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $30,022,861 which represents 88.0% of net assets.
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $17,323.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		17.0	%	$	5,849,442
Consumer Discretionary		8.2			2,824,164
Consumer Staples		12.1			4,154,256
Energy		8.6			2,935,034
Financials		30.8			10,580,132
Health Care		3.2			1,078,628
Industrials		1.4			470,570
Materials		14.9			5,093,952
Real Estate		2.9			984,247
Utilities		0.9			322,715
		100.0	%	$	34,293,140

VANECK ISRAEL ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 99.9%
Banks: 15.4%
Bank Hapoalim BM #		370,531	$	3,252,383
Bank Leumi Le-Israel BM #		524,414		4,440,349
First International Bank Of Israel Ltd. #		18,223		665,570
Israel Discount Bank Ltd. # *		365,005		1,925,486
Mizrahi Tefahot Bank Ltd. #		50,656		1,704,927
				11,988,715
Capital Goods: 6.0%
Ashtrom Group Ltd. #		10,116		232,640
Caesarstone Ltd.		6,051		75,153
Elbit Systems Ltd. (USD)		9,000		1,303,560
Elco Ltd. #		2,928		180,627
Electra Ltd. #		367		230,331
Inrom Construction Industries Ltd. #		18,405		91,128
Kornit Digital Ltd. (USD) *		11,616		1,681,300
RADA Electronic Industries Ltd. (USD) *		16,440		174,922
Shapir Engineering and Industry Ltd. #		32,012		256,679
Shikun & Binui Ltd. # *		65,454		383,973
Tera Light Ltd. *		9,874		30,637
				4,640,950
Commercial & Professional Services: 0.3%
Danel Adir Yeoshua Ltd. #		1,384		269,579
Consumer Durables & Apparel: 0.9%
Azorim-Investment Development & Construction Co. Ltd. # *		18,962		80,895
Delta Galil Industries Ltd. #		3,139		156,150
Electra Consumer Products 1970 Ltd. #		3,367		163,676
Maytronics Ltd. #		13,647		321,155
				721,876
Consumer Services: 0.7%
888 Holdings Plc		65,613		380,418
Fattal Holdings 1998 Ltd. # *		1,638		146,938
				527,356
Diversified Financials: 1.5%
Altshuler Shaham Provident Funds & Pension Ltd. #		20,998		114,650
Isracard Ltd. #		70,750		294,215
Plus500 Ltd. (GBP)		30,070		563,574
Tel Aviv Stock Exchange Ltd. #		29,856		158,277
				1,130,716
Energy: 1.1%
Delek Group Ltd. # *		3,207		226,693
Energean Plc (GBP) * †		29,448		351,003
Oil Refineries Ltd. # *		596,281		134,319
Paz Oil Co. Ltd. # *		1,611		174,821
				886,836
Food & Staples Retailing: 0.7%
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. #		2,614		187,512
Shufersal Ltd. #		45,783		370,845
				558,357
Food, Beverage & Tobacco: 0.6%
Strauss Group Ltd. #		14,844		433,435
Health Care Equipment & Services: 5.7%
Inmode Ltd. *		12,112		1,931,258
Mediterranean Towers Ltd. #		28,761		88,668
Nano-X Imaging Ltd. (USD) * †		10,372		233,370
Novocure Ltd. *		19,105		2,219,428
				4,472,724
Insurance: 3.5%
Clal Insurance Enterprises Holdings Ltd. # *		21,694		461,813
Harel Insurance Investments & Financial Services Ltd. #		39,020		402,160
IDI Insurance Co. Ltd. #		2,866		100,119
Lemonade, Inc. * †		11,471		768,672
Menora Mivtachim Holdings Ltd. #		9,052		186,559
Migdal Insurance & Financial Holdings Ltd. # *		127,541		186,575
Phoenix Holdings Ltd. #		57,620		656,094
				2,761,992
Materials: 2.3%
ICL Group Ltd. #		200,633		1,461,091
Israel Corp. Ltd. # *		1,143		352,425
				1,813,516
Media & Entertainment: 3.1%
Perion Network Ltd. (USD) * †		9,653		167,286
Playtika Holding Corp. *		73,971		2,043,819
Tremor International Ltd. (GBP) *		20,823		190,360
				2,401,465
Pharmaceuticals, Biotechnology & Life Sciences: 4.7%
Compugen Ltd. (USD) *		22,170		132,355
Taro Pharmaceutical Industries Ltd. (USD) *		3,133		199,353
Teva Pharmaceutical Industries Ltd. (ADR) *		338,942		3,301,295
				3,633,003
Real Estate: 7.2%
AFI Properties Ltd. # *		3,591		185,928
Airport City Ltd. # *		15,496		279,077
Alony Hetz Properties & Investments Ltd. #		39,544		606,594
Amot Investments Ltd. #		50,804		358,758
Azrieli Group Ltd. #		13,248		1,191,756
Big Shopping Centers Ltd. #		2,617		386,659
Blue Square Real Estate Ltd.		1,192		88,823
Gav-Yam Lands Corp. Ltd. #		22,986		233,762
Gazit-Globe Ltd. #		17,324		121,933
Israel Canada T.R Ltd. #		31,017		133,950
Isras Investment Co. Ltd. #		475		107,075
Mega Or Holdings Ltd. #		6,006		222,716
Melisron Ltd. # *		7,694		613,937
Mivne Real Estate KD Ltd. #		183,034		642,121
Prashkovsky Investments and Construction Ltd. #		2,411		70,870
Property & Building Corp. Ltd. # *		722		102,487
Summit Real Estate Holdings Ltd. # *		8,933		156,103
YH Dimri Construction & Development Ltd. #		1,241		88,476
				5,591,025
Retailing: 3.2%
Delek Automotive Systems Ltd. #		10,584		133,976
Fiverr International Ltd. (USD) * †		10,775		1,968,377
Fox Wizel Ltd. #		1,981		248,597
Tadiran Group Ltd. #		1,071		129,686
				2,480,636
Semiconductors & Semiconductor Equipment: 8.1%
Camtek Ltd. (USD) * †		7,230		292,887
CEVA, Inc. *		5,893		251,454
DSP Group, Inc. *		6,154		134,834
Nova Ltd. (USD) *		6,052		619,059
SolarEdge Technologies, Inc. *		15,463		4,101,097
Tower Semiconductor Ltd. (USD) *		30,985		926,452
				6,325,783
Software & Services: 28.9%
Amdocs Ltd.		37,920		2,870,923
Check Point Software Technologies Ltd. (USD) *		35,506		4,013,598
Cognyte Software Ltd. (USD) *		22,572		463,855
CyberArk Software Ltd. *		12,394		1,956,021
Formula Systems 1985 Ltd. #		2,383		232,310
Hilan Ltd. #		3,865		217,083
JFrog Ltd. (USD) *		15,786		528,831
LivePerson, Inc. *		14,207		837,503
Magic Software Enterprises Ltd. (USD)		6,703		134,060
Matrix IT Ltd. #		9,145		243,328
Nice Ltd. (ADR) * †		16,807		4,773,860
One Software Technologies Ltd. #		8,006		128,805
Sapiens International Corp. NV (USD)		9,215		265,208
Varonis Systems, Inc. *		32,987		2,007,259
Verint Systems, Inc. *		18,011		806,713
Wix.com Ltd. (USD) *		15,606		3,058,308
				22,537,665
Technology Hardware & Equipment: 2.3%
AudioCodes Ltd. (USD) †		8,103		263,672
BATM Advanced Communications Ltd. (GBP) * †		84,110		102,069
Ceragon Networks Ltd. (USD) * †		22,957		80,120
Gilat Satellite Networks Ltd. (USD)		12,048		108,311
Ituran Location and Control Ltd. (USD)		4,100		104,099
Nano Dimension Ltd. (ADR) * †		86,797		489,535
Radware Ltd. (USD) *		10,761		362,861
Stratasys Ltd. *		14,278		307,262
				1,817,929
Telecommunication Services: 1.4%
Bezeq The Israeli Telecommunication Corp. Ltd. # *		726,114		853,940
Cellcom Israel Ltd. # *		20,786		72,185
Partner Communications Co. Ltd. # *		27,837		128,942
				1,055,067
Utilities: 2.3%
Energix-Renewable Energies Ltd. #		71,538		301,521
Enlight Renewable Energy Ltd. # *		229,507		496,112
Kenon Holdings Ltd. #		5,358		220,742
OPC Energy Ltd. # *		20,042		182,626
Ormat Technologies, Inc. †		9,448		629,331
				1,830,332
Total Common Stocks (Cost: $51,162,441)				77,878,957
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.8% (Cost: $628,751)
Money Market Fund: 0.8%
State Street Navigator Securities Lending Government Money Market Portfolio		628,751		628,751
Total Investments: 100.7% (Cost: $51,791,192)				78,507,708
Liabilities in excess of other assets: (0.7)%				(518,398	)
NET ASSETS: 100.0%			$	77,989,310

Definitions:
ADR	American Depositary Receipt
GBP	British Pound
USD	United States Dollar
Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $29,584,812 which represents 37.9% of net assets.
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $8,627,617.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		4.5	%	$	3,456,532
Consumer Discretionary		4.8			3,729,868
Consumer Staples		1.3			991,792
Energy		1.1			886,836
Financials		20.4			15,881,423
Health Care		10.4			8,105,727
Industrials		6.3			4,910,529
Information Technology		39.3			30,681,377
Materials		2.3			1,813,516
Real Estate		7.2			5,591,025
Utilities		2.4			1,830,332
		100.0	%	$	77,878,957

VANECK RUSSIA ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 97.9%
Banks: 13.9%
Sberbank of Russia PJSC (ADR) #		6,557,085	$	122,247,296
TCS Group Holding Plc (USD) (GDR) #		726,885		66,096,729
VTB Bank PJSC (USD) (GDR) #		14,235,334		19,526,437
				207,870,462
Diversified Financials: 1.9%
Moscow Exchange MICEX-RTS PJSC #		12,084,722		28,783,481
Energy: 37.0%
Gazprom PJSC (ADR) #		13,286,727		131,319,805
Lukoil PJSC (ADR) #		1,195,632		113,554,303
Novatek PJSC (USD) (GDR) #		365,710		95,751,940
Rosneft Oil Co. PJSC (USD) (GDR) #		9,787,401		81,972,850
Surgutneftegas PJSC (ADR) # †		8,174,988		40,949,741
Tatneft PJSC (ADR) # †		2,052,067		89,084,226
				552,632,865
Food & Staples Retailing: 5.8%
Magnit PJSC (USD) (GDR) #		3,171,167		53,468,466
X5 Retail Group NV (USD) (GDR) #		1,019,071		32,914,259
				86,382,725
Materials: 24.2%
Alrosa PJSC #		22,919,860		41,771,635
Evraz Plc (GBP) #		4,940,021		39,221,761
MMC Norilsk Nickel PJSC (ADR) #		2,690,409		79,918,319
Novolipetsk Steel PJSC (USD) (GDR) #		1,152,746		33,987,938
PhosAgro PJSC (USD) (GDR)		1,102,446		24,562,497
Polymetal International Plc (GBP) #		3,297,761		55,759,274
Polyus PJSC (USD) (GDR) #		597,822		48,850,300
Severstal PAO (USD) (GDR) #		1,763,561		36,831,919
				360,903,643
Media & Entertainment: 6.2%
Mail.Ru Group Ltd. (USD) (GDR) # *		1,210,466		24,837,129
Yandex NV (USD) * †		846,027		67,419,892
				92,257,021
Retailing: 3.2%
Ozon Holdings Plc (ADR) *		935,485		47,195,218
Telecommunication Services: 4.3%
Mobile TeleSystems PJSC (ADR)		3,840,503		37,022,449
Rostelecom PJSC #		9,615,789		11,911,173
VEON Ltd. (ADR) *		7,044,287		14,652,117
				63,585,739
Utilities: 1.4%
Inter RAO UES PJSC #		324,893,710		20,700,624
Irkutsk Electronetwork Co. JSC (USD) *¥		7,410,870		7
				20,700,631
Total Common Stocks (Cost: $1,320,564,088)				1,460,311,785
PREFERRED SECURITIES: 2.1% (Cost: $34,558,567)
Energy: 2.1%
Transneft PJSC 5.78% #		14,252		31,268,972
Total Investments Before Collateral for Securities Loaned: 100.0% (Cost: $1,355,122,655)				1,491,580,757
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.0% (Cost: $194,570)
Money Market Fund: 0.0%
State Street Navigator Securities Lending Government Money Market Portfolio		194,570		194,570
Total Investments: 100.0% (Cost: $1,355,317,225)				1,491,775,327
Other assets less liabilities: 0.0%				655,158
NET ASSETS: 100.0%			$	1,492,430,485

Definitions:
ADR	American Depositary Receipt
GBP	British Pound
GDR	Global Depositary Receipt
USD	United States Dollar
Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $1,300,728,577 which represents 87.2% of net assets.
†	Security fully or partially on loan. Total market value of securities on loan is $35,292,034.
*	Non-income producing
¥	Security is valued using significant unobservable inputs that factor in discount for lack of marketability and is classified as Level 3 in the fair value hierarchy

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		10.5	%	$	155,842,760
Consumer Discretionary		3.2			47,195,218
Consumer Staples		5.8			86,382,725
Energy		39.1			583,901,837
Financials		15.8			236,653,943
Materials		24.2			360,903,643
Utilities		1.4			20,700,631
		100.0	%	$	1,491,580,757

VANECK RUSSIA SMALL-CAP ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 98.9%
Banks: 7.4%
Credit Bank of Moscow PJSC # *		23,653,000	$	2,325,390
Commercial & Professional Services: 4.2%
HeadHunter Group Plc (ADR)		26,813		1,308,474
Diversified Financials: 0.2%
Safmar Financial Investment *		9,663		57,485
Energy: 4.1%
Sovcomflot PJSC #		1,120,450		1,296,677
Food & Staples Retailing: 2.8%
Lenta Plc (GDR) # *		292,808		870,893
Food, Beverage & Tobacco: 6.0%
Beluga Group PJSC		13,051		589,209
Ros Agro Plc (GDR) #		88,361		1,309,711
				1,898,920
Materials: 19.3%
Eurasia Mining Plc # * †		3,206,872		1,082,666
Mechel PJSC # *		492,854		1,019,220
Petropavlovsk Plc (GBP) * †		5,191,777		1,436,469
Raspadskaya OJSC #		169,215		942,890
Segezha Group PJSC 144A *		13,062,500		1,577,155
				6,058,400
Real Estate: 12.1%
Etalon Group Plc (USD) (GDR) #		443,432		690,643
LSR Group PJSC #		130,496		1,353,595
Samolet Group		25,634		1,757,418
				3,801,656
Retailing: 9.7%
Detsky Mir PJSC 144A #		1,144,298		2,046,501
M.Video PJSC #		124,720		1,004,882
				3,051,383
Telecommunication Services: 7.4%
Sistema PJSFC (USD) (GDR) #		314,963		2,316,835
Transportation: 16.7%
Aeroflot PJSC # *		2,825,412		2,707,065
Globaltrans Investment Plc (USD) (GDR) #		180,843		1,455,187
Novorossiysk Commercial Sea Port PJSC		10,075,800		1,069,390
				5,231,642
Utilities: 9.0%
Mosenergo PJSC		21,889,800		718,332
OGK-2 PJSC #		82,104,600		773,279
TGC-1 PJSC #		1,910,300,000		282,195
Unipro PJSC #		27,776,000		1,042,085
				2,815,891
Total Common Stocks (Cost: $28,082,940)				31,033,646
PREFERRED SECURITIES: 1.4% (Cost: $387,089)
Utilities: 1.4%
Rosseti Lenenergo PJSC 9.08% #		192,596		441,362
Total Investments Before Collateral for Securities Loaned: 100.3% (Cost: $28,470,029)				31,475,008
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.3% (Cost: $88,009)
Money Market Fund: 0.3%
State Street Navigator Securities Lending Government Money Market Portfolio		88,009		88,009
Total Investments: 100.6% (Cost: $28,558,038)				31,563,017
Liabilities in excess of other assets: (0.6)%				(186,968	)
NET ASSETS: 100.0%			$	31,376,049

Definitions:
ADR	American Depositary Receipt
GBP	British Pound
GDR	Global Depositary Receipt
USD	United States Dollar
Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $22,961,076 which represents 73.2% of net assets.
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $2,041,401.
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, and the value amounted $3,623,656, or 11.5% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		7.4	%	$	2,316,835
Consumer Discretionary		9.7			3,051,383
Consumer Staples		8.8			2,769,813
Energy		4.1			1,296,677
Financials		7.6			2,382,875
Industrials		20.8			6,540,116
Materials		19.2			6,058,400
Real Estate		12.1			3,801,656
Utilities		10.3			3,257,253
		100.0	%	$	31,475,008

VANECK VIETNAM ETF

SCHEDULE OF INVESTMENTS

September 30, 2021 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 98.5%
Banks: 5.4%
Bank for Foreign Trade of Vietnam JSC #		5,889,332	$	25,157,263
Saigon Thuong Tin Commercial JSB # *		4,009,600		4,510,549
				29,667,812
Capital Goods: 7.1%
Development Investment Construction JSC # *		3,238,500		4,381,625
Gelex Group JSC # *		4,589,680		4,626,390
Hoang Huy Investment Financial Services JSC #		818,564		642,012
JAKS Resources Bhd # *		27,565,500		3,082,990
Thaiholdings JSC *		2,601,000		26,055,712
				38,788,729
Consumer Durables & Apparel: 12.6%
Eclat Textile Co. Ltd. #		1,230,160		26,662,514
Feng TAY Enterprise Co. Ltd. #		3,237,000		24,877,872
Hansae Co. Ltd. # †		254,064		4,916,356
Taiwan Paiho Ltd. #		4,353,000		12,613,222
				69,069,964
Diversified Financials: 5.4%
Sai Gon-Ha Noi Securities JSC #		1,382,300		2,191,332
SSI Securities Corp. #		7,918,053		14,036,127
Viet Capital Securities JSC #		3,489,900		9,084,546
VNDirect Securities Corp. #		1,975,600		4,395,197
				29,707,202
Energy: 0.7%
PetroVietnam Technical Services Corp. #		3,187,600		3,961,221
Food, Beverage & Tobacco: 20.1%
CP Pokphand Co. Ltd. #		80,128,000		9,881,354
Hoang Anh Gia Lai International Agriculture JSC *		8,273,300		2,624,483
KIDO Group Corp. #		2,070,400		5,297,615
Masan Group Corp. #		6,398,630		40,040,243
Saigon Beer Alcohol Beverage Corp.		1,018,300		6,997,457
Thanh Thanh Cong - Bien Hoa JSC #		4,605,981		4,251,946
Vietnam Dairy Products JSC #		10,328,141		40,567,550
				109,660,648
Health Care Equipment & Services: 3.5%
Mani, Inc. # †		1,016,800		19,347,352
Insurance: 0.7%
Bao Viet Holdings #		1,532,396		3,921,500
Materials: 9.3%
An Phat Holdings JSC # *		2,106,700		3,746,040
Duc Giang Chemicals JSC		438,000		2,903,963
Hoa Phat Group JSC #		14,737,152		34,075,064
Hoa Sen Group # *		2,951,100		5,999,201
Petrovietnam Fertilizer & Chemicals JSC		2,361,300		3,817,919
				50,542,187
Real Estate: 25.3%
Kinh Bac City Development Share Holding Corp. # *		2,312,400		4,403,319
No Va Land Investment Group Corp. *		6,663,600		29,863,234
Phat Dat Real Estate Development Corp. *		2,937,200		10,556,369
Vincom Retail JSC # *		7,216,422		9,208,490
Vingroup JSC # *		10,956,749		42,323,537
Vinhomes JSC 144A #		12,144,867		41,777,779
				138,132,728
Technology Hardware & Equipment: 6.6%
BH Co. Ltd. # †		374,505		5,731,703
Dreamtech Co. Ltd. #		435,453		3,773,389
INTOPS Co. Ltd. #		155,678		3,326,884
KH Vatec Co. Ltd. # * †		289,457		5,691,404
MCNEX Co. Ltd. # †		205,304		6,849,968
Seojin System Co. Ltd. # * †		202,893		6,099,438
Synopex, Inc. # *		1,081,614		2,731,585
UTI, Inc. #		193,012		1,929,335
				36,133,706
Transportation: 1.1%
Vietjet Aviation JSC # *		1,032,040		5,794,807
Utilities: 0.7%
PetroVietnam Power Corp. #		7,437,310		3,888,049
Total Common Stocks (Cost: $394,228,304)				538,615,905
RIGHTS: 0.4%
Capital Goods: 0.1%
Hoang Huy Investment Financial Services JSC VNK 10,000.00, expiring 10/07/21 # *		3,433,680		380,933
Diversified Financials: 0.3%
SSI Securities Corp. VND 12,000.00, expiring 10/07/21 # *		8,515,315		1,911,207
Total Rights (Cost: $0)				2,292,140
EXCHANGE TRADED FUND: 0.0% (Cost: $42,157)
DCVFMVN Diamond ETF #		62,610		72,057
Total Investments: 98.9% (Cost: $394,270,461)				540,980,102
Other assets less liabilities: 1.1%				5,950,607
NET ASSETS: 100.0%			$	546,930,709

Definitions:
Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $458,160,965 which represents 83.8% of net assets.
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $16,089,950.
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, and the value amounted $41,777,779, or 7.6% of net assets.

Summary of Investments by Sector	% of Investments			Value
Consumer Discretionary		12.8	%	$	69,069,964
Consumer Staples		20.3			109,660,648
Energy		0.7			3,961,221
Exchange Traded Fund		0.0			72,057
Financials		12.1			65,207,721
Health Care		3.6			19,347,352
Industrials		8.3			44,964,470
Information Technology		6.7			36,133,706
Materials		9.3			50,542,186
Real Estate		25.5			138,132,728
Utilities		0.7			3,888,049
		100.0	%	$	540,980,102