VANECK
ENERGY
INCOME
ETF
SCHEDULE
OF
INVESTMENTS
June
30,
2025
(unaudited)
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
77.3%
Energy
:
77.3%
Antero
Midstream
Corp.
204,442
$
3,874,176
Archrock,
Inc.
90,823
2,255,135
Cheniere
Energy,
Inc.
25,024
6,093,844
DT
Midstream,
Inc.
35,830
3,938,075
Enbridge,
Inc.
146,516
6,640,105
Excelerate
Energy,
Inc.
12,536
367,556
Gibson
Energy,
Inc. †
110,270
1,935,343
Hess
Midstream
LP
22,750
876,103
Keyera
Corp.
123,529
4,040,375
Kinder
Morgan,
Inc.
198,421
5,833,577
Kinetik
Holdings,
Inc.
29,173
1,285,071
NextDecade
Corp. *
111,293
991,621
ONEOK,
Inc.
55,735
4,549,648
Pembina
Pipeline
Corp.
100,676
3,776,357
South
Bow
Corp. †
125,087
3,241,004
Summit
Midstream
Corp. *
927
22,739
Targa
Resources
Corp.
24,740
4,306,739
TC
Energy
Corp. †
101,644
4,959,211
The
Williams
Companies,
Inc.
113,105
7,104,125
Underline
Total
Common
Stocks
(Cost:
$57,957,569)
66,090,804
MASTER
LIMITED
PARTNERSHIPS:
22.4%
Energy
:
22.4%
Cheniere
Energy
Partners
LP
12,219
684,875
Delek
Logistics
Partners
LP
5,059
217,284
Number
of
Shares
Value
Energy
(continued)
Energy
Transfer
LP
207,144
$
3,755,521
Enterprise
Products
Partners
LP
117,732
3,650,869
Genesis
Energy
LP
21,633
372,737
MPLX
LP
73,192
3,770,120
NGL
Energy
Partners
LP *
26,660
113,838
Plains
All
American
Pipeline
LP
126,496
2,317,407
Plains
GP
Holdings
LP
52,413
1,018,385
Sunoco
LP
24,521
1,314,080
Western
Midstream
Partners
LP
50,435
1,951,834
Underline
Total
Master
Limited
Partnerships
(Cost:
$16,804,611)
19,166,950
Total
Investments
Before
Collateral
for
Securities
Loaned:
99.7%
(Cost:
$74,762,180)
85,257,754
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
7.9%
Money
Market
Fund:
7.9%
(Cost:
$6,711,726)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
6,711,726
6,711,726
Total
Investments:
107.6%
(Cost:
$81,473,906)
91,969,480
Liabilities
in
excess
of
other
assets:
(7.6)%
(6,525,348)
NET
ASSETS:
100.0%
$
85,444,132
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$8,347,527.
*
Non-income
producing