VANECK
ALTERNATIVE
ASSET
MANAGER
ETF
SCHEDULE
OF
INVESTMENTS
June
30,
2025
(unaudited)
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
99.8%
Financial
Services
:
99.8%
Apollo
Global
Management,
Inc.
15,156
$
2,150,182
Ares
Management
Corp.
7,003
1,212,920
Blackstone,
Inc.
22,194
3,319,778
Blue
Owl
Capital,
Inc.
61,621
1,183,739
Bridgepoint
Group
PLC
144A
122,890
523,394
Brookfield
Asset
Management
Ltd.
32,816
1,814,068
Brookfield
Corp.
53,042
3,280,647
Carlyle
Group,
Inc.
24,913
1,280,528
Compass
Diversified
Holdings
12,581
79,009
DigitalBridge
Group,
Inc.
34,039
352,304
EQT
AB
39,155
1,303,915
Number
of
Shares
Value
Financial
Services
(continued)
Eurazeo
SE
12,595
$
897,316
HA
Sustainable
Infrastructure
Capital,
Inc.
19,351
519,768
Hamilton
Lane,
Inc.
8,024
1,140,371
Intermediate
Capital
Group
PLC
42,726
1,131,445
KKR
&
Co.,
Inc.
20,754
2,760,905
Onex
Corp.
13,276
1,090,685
Partners
Group
Holding
AG
903
1,177,634
StepStone
Group,
Inc.
9,628
534,354
TPG,
Inc.
23,032
1,208,028
Underline
Total
Common
Stocks
(Cost:
$25,972,214)
26,960,990
Total
Investments:
99.8%
(Cost:
$25,972,214)
26,960,990
Other
assets
less
liabilities:
0.2%
52,928
NET
ASSETS:
100.0%
$
27,013,918
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.
These
securities
have
an
aggregate
value
of
$523,394,
or
1.9%
of
net
assets.