NPORT-EX 2 NPORT_VSCF_88159780_0921.htm

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