NPORT-EX 2 NPORT_VEAH_99682127_0722.htm

VANECK FALLEN ANGEL HIGH YIELD BOND ETF

SCHEDULE OF INVESTMENTS

July 31, 2022 (unaudited)

 

   Par 
(000’s		)  Value 
CORPORATE BONDS: 98.1%          
Australia: 1.5%          
Buckeye Partners LP          
3.95%, 12/01/26  $16,884   $15,743,317 
4.12%, 12/01/27   11,278    10,337,753 
4.35%, 10/15/24   8,459    8,320,865 
5.60%, 10/15/44   8,380    6,215,907 
5.85%, 11/15/43   11,165    8,174,008 
         48,791,850 
Canada: 1.6%          

Bombardier, Inc. 144A

7.45%, 05/01/34

   14,227    12,377,490 
Methanex Corp.          
4.25%, 12/01/24   8,452    8,155,420 
5.25%, 12/15/29 †   19,694    17,410,973 
5.65%, 12/01/44   8,385    6,162,975 

TransAlta Corp.

6.50%, 03/15/40

   8,989    8,633,305 
         52,740,163 
Finland: 0.5%          

Nokia Oyj

6.62%, 05/15/39

   13,988    14,436,245 
France: 1.3%          

Electricite de France SA 144A

5.62% (USD Swap Semi 30/360 10 Year+3.04%), 01/22/24 (o)

   42,865    40,634,734 
Germany: 2.2%          

Deutsche Bank AG

4.50%, 04/01/25

   42,167    41,037,909 

Dresdner Funding Trust I 144A

8.15%, 06/30/31

   27,914    30,691,443 
         71,729,352 
Ireland: 2.0%          
Perrigo Finance Unlimited Co.          
3.90%, 12/15/24   19,705    19,484,994 
4.38%, 03/15/26   19,439    19,153,344 
4.40%, 06/15/30   20,935    19,258,211 
4.90%, 12/15/44   8,529    6,719,182 
         64,615,731 
Italy: 4.5%          

Intesa Sanpaolo SpA 144A

5.02%, 06/26/24

   56,222    54,475,932 
Telecom Italia Capital SA          
6.00%, 09/30/34 †   27,894    22,043,023 
6.38%, 11/15/33   28,103    23,503,101 
7.20%, 07/18/36   27,868    23,193,143 
7.72%, 06/04/38   28,017    23,329,056 
         146,544,255 
United Kingdom: 3.6%          

Marks & Spencer Plc 144A

7.12%, 12/01/37

   8,429    8,116,703 

Rolls-Royce Plc 144A

3.62%, 10/14/25

   28,499    27,022,182 
Standard Chartered Plc 144A          
   Par 
(000’s		)  Value 
United Kingdom (continued)          

7.01% (ICE LIBOR USD 3 Month+1.46%), 07/30/37 (o)

  $21,000   $22,087,571 

Vodafone Group Plc

7.00% (USD Swap Semi 30/360 5 Year+4.87%), 04/04/79

   56,879    59,931,980 
         117,158,436 
United States: 80.9%          
Apache Corp.          
4.25%, 01/15/30 †   16,321    15,754,824 
4.38%, 10/15/28 †   9,154    8,549,882 
4.75%, 04/15/43   12,047    9,882,154 
5.10%, 09/01/40   37,165    33,139,473 
5.25%, 02/01/42   11,146    9,760,320 
5.35%, 07/01/49   10,799    9,028,612 
6.00%, 01/15/37   12,367    11,902,548 

Bath & Body Works, Inc.

6.95%, 03/01/33 †

   9,766    8,194,003 
Bed Bath & Beyond, Inc.          
3.75%, 08/01/24   8,258    3,416,747 
5.17%, 08/01/44   19,575    3,474,954 

Brightsphere Investment Group, Inc.

4.80%, 07/27/26

   8,396    7,764,789 

Brinker International, Inc. 144A

5.00%, 10/01/24

   10,292    9,840,850 

Cleveland-Cliffs, Inc.

6.25%, 10/01/40

   7,375    6,390,659 

Crown Cork & Seal Co., Inc.

7.38%, 12/15/26

   10,494    11,347,372 
DCP Midstream Operating LP          
5.60%, 04/01/44   11,243    9,744,522 
8.12%, 08/16/30   8,439    9,192,694 
DCP Midstream Operating LP 144A          
6.45%, 11/03/36   8,448    8,469,247 
6.75%, 09/15/37   12,637    12,528,132 
Delta Air Lines, Inc.          
2.90%, 10/28/24   25,295    24,091,843 
3.75%, 10/28/29 †   13,333    11,607,006 
4.38%, 04/19/28 †   11,532    10,804,042 
Diversified Healthcare Trust          
4.75%, 05/01/24   7,198    6,586,940 
4.75%, 02/15/28 †   14,246    10,750,007 

DPL, Inc.

4.35%, 04/15/29

   11,644    10,729,588 

Embarq Corp.

8.00%, 06/01/36

   40,424    33,361,927 
EnLink Midstream Partners LP          
4.15%, 06/01/25   20,157    19,839,527 
4.40%, 04/01/24   14,262    14,304,144 
5.05%, 04/01/45   12,306    9,090,319 
5.45%, 06/01/47   13,845    10,570,992 
5.60%, 04/01/44   9,750    7,614,096 

1

VANECK FALLEN ANGEL HIGH YIELD BOND ETF

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

 

   Par 
(000’s		)  Value 
United States (continued)          
EQM Midstream Partners LP          
4.00%, 08/01/24  $8,461   $8,259,924 
4.12%, 12/01/26   14,072    12,994,366 
4.75%, 07/15/23   300    297,219 
5.50%, 07/15/28   23,907    22,652,600 
6.50%, 07/15/48   15,333    12,902,413 
FirstEnergy Corp.          
1.60%, 01/15/26   8,460    7,777,405 
2.05%, 03/01/25   8,471    8,046,222 
2.25%, 09/01/30 †   12,672    10,757,071 
2.65%, 03/01/30   16,891    14,889,332 
3.40%, 03/01/50   23,912    17,900,284 
4.40%, 07/15/27   42,181    41,403,182 
5.35%, 07/15/47   20,074    18,010,995 
7.38%, 11/15/31   22,074    25,783,756 
Fluor Corp.          
3.50%, 12/15/24 †   10,804    10,492,376 
4.25%, 09/15/28 †   16,802    15,451,239 

Ford Holdings LLC

9.30%, 03/01/30

   5,056    5,722,052 
Ford Motor Co.          
4.35%, 12/08/26 †   25,744    25,334,829 
4.75%, 01/15/43   34,341    28,352,101 
5.29%, 12/08/46   22,289    19,231,172 
6.62%, 10/01/28 †   7,702    8,112,902 
7.40%, 11/01/46   6,801    6,928,893 
7.45%, 07/16/31 †   18,338    20,029,956 
Ford Motor Credit Co. LLC          
3.66%, 09/08/24   12,896    12,512,135 
3.81%, 01/09/24   12,891    12,745,302 
3.81%, 11/02/27   12,868    11,813,081 
4.06%, 11/01/24   25,746    25,360,840 
4.13%, 08/04/25   24,048    23,756,418 
4.27%, 01/09/27   15,459    14,835,770 
4.38%, 08/06/23   9,385    9,414,938 
4.39%, 01/08/26   20,609    20,090,486 
4.54%, 08/01/26   12,881    12,546,416 
4.69%, 06/09/25   10,322    10,259,191 
5.11%, 05/03/29 †   25,542    24,867,563 
5.58%, 03/18/24   25,744    26,020,877 

Frontier Florida LLC

6.86%, 02/01/28

   8,444    8,043,319 

Genting New York LLC / GENNY Capital, Inc. 144A

3.30%, 02/15/26

   15,240    13,877,898 

Genworth Holdings, Inc.

6.50%, 06/15/34

   8,346    7,231,559 

Global Marine, Inc.

7.00%, 06/01/28

   7,356    3,523,944 

HB Fuller Co.

4.00%, 02/15/27

   8,402    7,837,638 
Hexcel Corp.          
4.20%, 02/15/27   11,248    10,920,105 
4.95%, 08/15/25   8,476    8,401,542 

Hillenbrand, Inc.

5.00%, 09/15/26

   11,224    10,928,977 

Howmet Aerospace, Inc.

5.90%, 02/01/27

   17,602    18,325,266 
   Par 
(000’s		)  Value 
United States (continued)          
5.95%, 02/01/37  $17,434   $17,321,969 
6.75%, 01/15/28   8,466    8,931,418 
Las Vegas Sands Corp.          
2.90%, 06/25/25   14,075    13,204,650 
3.20%, 08/08/24   49,225    47,836,549 
3.50%, 08/18/26   28,125    26,305,357 
3.90%, 08/08/29 †   21,100    18,871,590 
Lumen Technologies, Inc.          
6.88%, 01/15/28 †   11,864    10,934,159 
7.60%, 09/15/39   14,616    11,824,344 
Macy’s Retail Holdings LLC          
4.30%, 02/15/43   7,035    4,371,971 
4.50%, 12/15/34 †   10,317    7,494,888 
5.12%, 01/15/42   7,031    4,814,829 
Mattel, Inc.          
5.45%, 11/01/41   8,381    7,653,121 
6.20%, 10/01/40 †   6,985    6,873,659 
Murphy Oil Corp.          
6.12%, 12/01/42 †   9,732    7,653,731 
7.05%, 05/01/29   6,962    6,806,704 

Navient Corp.

5.62%, 08/01/33 †

   16,642    12,936,382 
Newell Brands, Inc.          
4.45%, 04/01/26   55,825    55,203,109 
5.62%, 04/01/36   11,836    10,921,136 
5.75%, 04/01/46   18,606    15,961,064 
Nordstrom, Inc.          
2.30%, 04/08/24   6,905    6,553,190 
4.00%, 03/15/27 †   9,876    9,058,569 
4.25%, 08/01/31   11,785    9,561,229 
4.38%, 04/01/30 †   14,080    11,834,144 
5.00%, 01/15/44 †   26,934    19,799,748 
6.95%, 03/15/28 †   8,347    8,315,805 
Occidental Petroleum Corp.          
0.00%, 10/10/36 ^   31,998    16,374,976 
2.90%, 08/15/24   18,506    18,367,205 
3.40%, 04/15/26   8,588    8,210,755 
3.50%, 08/15/29 †   8,085    7,612,149 
4.10%, 02/15/47   2,245    1,821,666 
4.20%, 03/15/48   8,567    7,001,922 
4.30%, 08/15/39   7,332    6,267,316 
4.40%, 04/15/46   11,838    10,076,478 
4.40%, 08/15/49   7,983    6,674,377 
4.62%, 06/15/45   8,617    7,360,381 
5.55%, 03/15/26   30,409    31,284,323 
6.20%, 03/15/40   20,584    21,109,450 
6.45%, 09/15/36   48,761    54,289,766 
6.60%, 03/15/46   30,912    34,195,936 
6.95%, 07/01/24   16,408    17,238,983 
7.50%, 05/01/31   24,239    28,159,416 
7.88%, 09/15/31   13,646    15,835,569 
7.95%, 06/15/39 †   8,976    10,308,063 
Oceaneering International, Inc.          
4.65%, 11/15/24   11,249    10,593,746 
6.00%, 02/01/28   8,450    7,348,535 
Ohio National Financial Services, Inc. 144A          

2

 

 

   Par 
(000’s		)  Value 
United States (continued)          
6.05%, 01/24/30  $12,100   $11,874,335 
6.62%, 05/01/31   7,175    7,394,167 

Pactiv LLC

7.95%, 12/15/25

   7,855    7,010,587 
Patterson-UTI Energy, Inc.          
3.95%, 02/01/28 †   14,264    12,240,921 
5.15%, 11/15/29   9,828    8,829,605 

ProAssurance Corp.

5.30%, 11/15/23

   7,678    7,753,858 

Qwest Corp.

7.25%, 09/15/25

   6,980    7,318,914 
Resorts World Las Vegas LLC / RWLV Capital, Inc. Reg S          
4.62%, 04/16/29   28,380    23,110,410 
4.62%, 04/06/31   10,125    8,080,168 
Rockies Express Pipeline LLC 144A          
3.60%, 05/15/25   11,273    10,468,671 
4.80%, 05/15/30   9,857    8,295,060 
4.95%, 07/15/29   15,357    13,515,310 
6.88%, 04/15/40   13,972    11,861,529 
7.50%, 07/15/38   6,986    6,291,731 
Royal Caribbean Cruises Ltd.          
3.70%, 03/15/28 †   13,952    9,695,845 
7.50%, 10/15/27 †   8,485    6,756,945 

Royal Caribbean Cruises Ltd. 144A

11.50%, 06/01/25

   39,140    41,981,760 

Safeway, Inc.

7.25%, 02/01/31

   7,331    7,216,893 
Seagate HDD Cayman          
4.09%, 06/01/29   14,074    12,811,562 
4.12%, 01/15/31   14,089    12,299,697 
4.75%, 01/01/25   13,479    13,394,428 
4.88%, 03/01/24   14,061    14,007,843 
4.88%, 06/01/27 †   14,209    14,140,086 
5.75%, 12/01/34   13,591    12,268,974 

Sealed Air Corp. 144A

6.88%, 07/15/33

   12,837    13,752,663 
Service Properties Trust          
3.95%, 01/15/28 †   11,243    8,352,036 
4.35%, 10/01/24 †   23,100    20,732,250 
4.38%, 02/15/30 †   11,280    8,283,518 
4.50%, 03/15/25   9,865    8,401,452 
4.65%, 03/15/24   9,858    8,992,418 
4.75%, 10/01/26   12,663    9,947,673 
4.95%, 02/15/27 †   11,292    9,327,644 
4.95%, 10/01/29 †   11,879    8,866,664 
5.25%, 02/15/26   9,786    8,299,933 

Southeast Supply Header LLC 144A

4.25%, 06/15/24

   11,812    10,130,444 

Southwestern Energy Co.

5.95%, 01/23/25

   11,576    11,731,697 
Spirit AeroSystems, Inc.          
3.85%, 06/15/26   8,462    7,631,878 
4.60%, 06/15/28 †   19,719    16,509,733 
Sprint Capital Corp.          
   Par 
(000’s		)  Value 
United States (continued)          
6.88%, 11/15/28  $69,819   $78,466,781 
8.75%, 03/15/32   56,378    73,109,581 

Steelcase, Inc.

5.12%, 01/18/29

   13,120    12,549,805 

Tenet Healthcare Corp.

6.88%, 11/15/31

   10,158    9,815,015 

Topaz Solar Farms LLC 144A

5.75%, 09/30/39

   16,634    16,189,095 
Transocean, Inc.          
6.80%, 03/15/38   17,127    7,836,544 
7.50%, 04/15/31   11,092    5,185,066 
Travel + Leisure Co.          
5.65%, 04/01/24   8,460    8,487,410 
6.00%, 04/01/27   11,165    11,145,573 
6.60%, 10/01/25   9,861    10,044,809 

Trinity Industries, Inc.

4.55%, 10/01/24

   11,930    11,731,246 

Under Armour, Inc.

3.25%, 06/15/26

   17,593    16,166,056 

United States Cellular Corp.

6.70%, 12/15/33

   15,963    15,887,335 

United States Steel Corp.

6.65%, 06/01/37 †

   10,618    9,162,899 
Western Midstream Operating LP          
3.35%, 02/01/25   20,563    20,176,416 
3.95%, 06/01/25   11,257    11,153,661 
4.30%, 02/01/30 †   33,753    31,641,244 
4.50%, 03/01/28   11,108    10,735,882 
4.65%, 07/01/26   13,356    13,273,460 
4.75%, 08/15/28   11,165    10,927,130 
5.30%, 03/01/48   19,534    17,155,766 
5.45%, 04/01/44   16,887    15,136,071 
5.50%, 08/15/48   9,766    8,528,909 
5.50%, 02/01/50   27,873    24,995,113 
Xerox Corp.          
3.80%, 05/15/24   8,478    8,275,291 
4.80%, 03/01/35   7,103    5,470,458 
6.75%, 12/15/39   9,878    8,707,062 

XPO CNW, Inc.

6.70%, 05/01/34

   8,479    8,051,579 
Yum! Brands, Inc.          
3.88%, 11/01/23 †   9,173    9,161,580 
5.35%, 11/01/43   7,717    6,602,704 
6.88%, 11/15/37   9,084    9,631,917 
         2,618,530,854 
Total Corporate Bonds
(Cost: $3,623,094,691)		        3,175,181,620 
           
   Number
of Shares		    Value 
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 4.3%
(Cost: $140,578,424)		         
Money Market Fund: 4.3%          

3

VANECK FALLEN ANGEL HIGH YIELD BOND ETF

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

 

   Number
of Shares
(continued)		   Value 
State Street Navigator Securities Lending Government Money Market Portfolio   140,578,424   $140,578,424 
    Number
of Shares
(continued)		    Value 
Total Investments: 102.4%
(Cost: $3,763,673,115)		       $3,315,760,044 
Liabilities in excess of other assets: (2.4)%        (76,439,166)
NET ASSETS: 100.0%       $3,239,320,878 

 

Definitions:
USD United States Dollar
   
Footnotes:
† Security fully or partially on loan. Total market value of securities on loan is $176,080,924.
(o) Perpetual Maturity — the date shown is the next call date
^ Zero Coupon Bond
Reg S Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration.
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 $391,876,947, or 12.1% of net assets.

 

Summary of Investments by Sector
Excluding Collateral for Securities Loaned		  % of
Investments		  Value 
Basic Materials   2.8%         $87,231,185 
Communications   0.3    8,043,319 
Consumer Cyclicals   19.1    606,132,846 
Consumer Non-Cyclicals   0.2    7,216,893 
Energy   28.8    913,495,478 
Financials   12.8    407,470,962 
Healthcare   2.3    74,430,746 
Industrials   8.2    259,338,792 
Real Estate   3.4    108,540,534 
Technology   15.7    498,714,991 
Utilities   6.4    204,565,874 
    100.0%  $3,175,181,620 
4