VANECK RETAIL ETF

SCHEDULE OF INVESTMENTS

June 30, 2022 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 99.9%
China: 4.6%
JD.com, Inc. (ADR)		106,238	$	6,822,604
United States: 95.3%
Amazon.com, Inc. *		258,996		27,507,965
AmerisourceBergen Corp.		16,897		2,390,588
AutoZone, Inc. *		2,022		4,345,521
Bath & Body Works, Inc.		21,688		583,841
Best Buy Co., Inc.		21,987		1,433,332
Cardinal Health, Inc.		25,445		1,330,010
Costco Wholesale Corp.		24,186		11,591,866
CVS Health Corp.		75,220		6,969,885
Dollar General Corp.		22,166		5,440,423
Dollar Tree, Inc. *		21,610		3,367,918
Lowe’s Companies, Inc.		40,771		7,121,471
Lululemon Athletica, Inc. *		11,609		3,164,729

	Number of Shares		Value
United States (continued)
McKesson Corp.		16,663	$	5,435,637
O’Reilly Automotive, Inc. *		7,906		4,994,695
Ross Stores, Inc.		34,665		2,434,523
Sysco Corp.		56,960		4,825,082
Target Corp.		45,065		6,364,530
The Home Depot, Inc.		55,455		15,209,643
The Kroger Co.		66,317		3,138,784
The TJX Companies, Inc.		114,955		6,420,237
Ulta Beauty, Inc. *		5,940		2,289,751
Walgreens Boots Alliance, Inc.		78,234		2,965,069
Walmart, Inc.		93,322		11,346,089
Wayfair, Inc. * †		5,292		230,519
				140,902,108
Total Common Stocks (Cost: $180,677,701)				147,724,712
Total Investments: 99.9% (Cost: $180,677,701)				147,724,712
Other assets less liabilities: 0.1%				83,159
NET ASSETS: 100.0%			$	147,807,871

Definitions:

ADR American Depositary Receipt

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $206,736.

Summary of Investments by Sector	% of Investments			Value
Consumer Discretionary		66.2	%	$	97,731,703
Consumer Staples		22.9			33,866,889
Health Care		10.9			16,126,120
		100.0	%	$	147,724,712

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