VANECK
FABLESS
SEMICONDUCTOR
ETF
SCHEDULE
OF
INVESTMENTS
June
30,
2025
(unaudited)
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
99.9%
Bermuda
:
4.8%
Marvell
Technology,
Inc.
(USD)
32,368
$
2,505,283
Underline
Taiwan
:
2.1%
Silicon
Motion
Technology
Corp.
(ADR)
14,514
1,091,017
Underline
United
Kingdom
:
4.8%
ARM
Holdings
PLC
(ADR) *
†
15,734
2,544,818
Underline
United
States
:
88.2%
Advanced
Micro
Devices,
Inc. *
20,260
2,874,894
Allegro
MicroSystems,
Inc. *
29,720
1,016,127
Ambarella,
Inc. *
15,582
1,029,425
Astera
Labs,
Inc. *
23,363
2,112,482
Broadcom,
Inc.
29,111
8,024,447
Cadence
Design
Systems,
Inc. *
7,989
2,461,810
Cirrus
Logic,
Inc. *
18,469
1,925,486
Impinj,
Inc. *
6,256
694,854
Lattice
Semiconductor
Corp. *
28,418
1,392,198
Monolithic
Power
Systems,
Inc.
3,064
2,240,948
Number
of
Shares
Value
United
States
(continued)
NVIDIA
Corp.
68,730
$
10,858,652
Power
Integrations,
Inc.
17,320
968,188
Qualcomm,
Inc.
15,388
2,450,693
Rambus,
Inc. *
34,529
2,210,547
Semtech
Corp. *
25,862
1,167,411
Silicon
Laboratories,
Inc. *
7,779
1,146,313
SiTime
Corp. *
4,358
928,603
Synaptics,
Inc. *
8,497
550,776
Synopsys,
Inc. *
4,411
2,261,431
46,315,285
Total
Common
Stocks
(Cost:
$47,168,849)
52,456,403
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
2.6%
Money
Market
Fund:
2.6%
(Cost:
$1,352,000)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
1,352,000
1,352,000
Total
Investments:
102.5%
(Cost:
$48,520,849)
53,808,403
Liabilities
in
excess
of
other
assets:
(2.5)%
(1,335,771)
NET
ASSETS:
100.0%
$
52,472,632
Definitions:
ADR
American
Depositary
Receipt
USD
United
States
Dollar
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$1,293,920.
*
Non-income
producing