VANECK

MORTGAGE

REIT

INCOME

ETF

SCHEDULE

OF

INVESTMENTS

January

31,

2024

(unaudited)

1

FootnoteRuleAboveBlank

Footnotes:

Number

of

Shares

Value

COMMON

STOCKS:

100.0%

Financial

Services

:

100.0%

AGNC

Investment

Corp.

†

2,644,788

$

25,072,590

Annaly

Capital

Management,

Inc.

†

1,831,704

35,150,400

Apollo

Commercial

Real

Estate

Finance,

Inc.

784,935

8,759,875

Arbor

Realty

Trust,

Inc.

850,218

11,307,899

Ares

Commercial

Real

Estate

Corp.

†

397,764

3,782,736

ARMOUR

Residential

REIT,

Inc.

†

418,564

7,973,644

Blackstone

Mortgage

Trust,

Inc.

600,712

11,858,055

BrightSpire

Capital,

Inc.

821,730

5,875,370

Chimera

Investment

Corp.

1,433,511

6,880,853

Claros

Mortgage

Trust,

Inc.

†

331,834

3,895,731

Dynex

Capital,

Inc.

†

416,155

5,093,737

Ellington

Financial,

Inc.

†

520,692

6,357,649

Franklin

BSP

Realty

Trust,

Inc.

504,819

6,471,780

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

†

490,629

11,672,064

KKR

Real

Estate

Finance

Trust,

Inc.

242,775

2,971,566

Ladder

Capital

Corp.

845,659

9,243,053

Number

of

Shares

Value

Financial

Services

(continued)

MFA

Financial,

Inc.

713,926

$

7,903,161

New

York

Mortgage

Trust,

Inc.

588,760

4,615,878

Orchid

Island

Capital,

Inc.

†

415,764

3,317,797

PennyMac

Mortgage

Investment

Trust

†

473,605

6,791,496

Ready

Capital

Corp.

†

1,044,001

9,782,289

Redwood

Trust,

Inc.

†

801,148

5,375,703

Rithm

Capital

Corp.

1,904,313

20,376,149

Starwood

Property

Trust,

Inc.

†

1,176,313

23,914,443

Two

Harbors

Investment

Corp.

542,331

6,757,444

Underline

Total

Common

Stocks

(Cost:

$299,917,165)

251,201,362

SHORT-TERM

INVESTMENT

HELD

AS

COLLATERAL

FOR

SECURITIES

ON

LOAN:

4.7%

Money

Market

Fund:

4.7%

(Cost:

$11,853,869)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

11,853,869

11,853,869

Total

Investments:

104.7%

(Cost:

$311,771,034)

263,055,231

Liabilities

in

excess

of

other

assets:

(4.7)%

(11,861,748)

NET

ASSETS:

100.0%

$

251,193,483

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$70,120,483.

Summary

of

Investments

by

Sector

Excluding

Collateral

for

Securities

Loaned

%

of

Investments

Value

Financials

100.0%

$

251,201,362