VANECK
MORNINGSTAR
WIDE
MOAT
GROWTH
ETF
SCHEDULE
OF
INVESTMENTS
June
30,
2025
(unaudited)
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
99.9%
Capital
Goods
:
16.1%
A.O.
Smith
Corp.
222
$
14,557
Allegion
PLC
178
25,653
Caterpillar,
Inc.
18
6,988
Huntington
Ingalls
Industries,
Inc.
41
9,900
IDEX
Corp.
156
27,389
Masco
Corp.
153
9,847
Nordson
Corp.
64
13,720
Otis
Worldwide
Corp.
165
16,338
124,392
Commercial
&
Professional
Services
:
9.9%
Broadridge
Financial
Solutions,
Inc.
61
14,825
Copart,
Inc. *
468
22,965
TransUnion
456
40,127
77,917
Consumer
Discretionary
Distribution
&
Retail
:
4.5%
Amazon.com,
Inc. *
132
28,959
Etsy,
Inc. *
119
5,969
34,928
Financial
Services
:
5.3%
MarketAxess
Holdings,
Inc.
181
40,424
Underline
Food,
Beverage
&
Tobacco
:
2.6%
Brown-Forman
Corp.
235
6,324
Constellation
Brands,
Inc.
40
6,507
Hershey
Co.
49
8,132
20,963
Health
Care
Equipment
&
Services
:
4.4%
GE
HealthCare
Technologies,
Inc.
201
14,888
Veeva
Systems,
Inc. *
68
19,583
34,471
Household
&
Personal
Products
:
4.5%
Clorox
Co.
137
16,450
Estee
Lauder
Cos,
Inc.
234
18,907
35,357
Number
of
Shares
Value
Materials
:
2.6%
Corteva,
Inc.
115
$
8,571
International
Flavors
&
Fragrances,
Inc.
156
11,474
20,045
Media
&
Entertainment
:
4.4%
Alphabet,
Inc.
55
9,693
Meta
Platforms,
Inc.
26
19,190
Walt
Disney
Co.
47
5,828
34,711
Pharmaceuticals,
Biotechnology
&
Life
Sciences
:
5.3%
Agilent
Technologies,
Inc.
152
17,938
West
Pharmaceutical
Services,
Inc.
107
23,412
41,350
Semiconductors
&
Semiconductor
Equipment
:
11.2%
Applied
Materials,
Inc.
61
11,167
Lam
Research
Corp.
87
8,469
Monolithic
Power
Systems,
Inc.
47
34,375
NXP
Semiconductors
NV
35
7,647
Teradyne,
Inc.
290
26,077
87,735
Software
&
Services
:
29.1%
Adobe,
Inc. *
43
16,636
Autodesk,
Inc. *
63
19,503
Cadence
Design
Systems,
Inc. *
65
20,030
Manhattan
Associates,
Inc. *
171
33,767
Microsoft
Corp.
73
36,310
Oracle
Corp.
62
13,555
Salesforce,
Inc.
87
23,724
Synopsys,
Inc. *
36
18,456
Tyler
Technologies,
Inc. *
26
15,414
Workday,
Inc. *
124
29,760
227,155
Total
Common
Stocks
(Cost:
$750,983)
779,448
Total
Investments:
99.9%
(Cost:
$750,983)
779,448
Other
assets
less
liabilities:
0.1%
502
NET
ASSETS:
100.0%
$
779,950
*
Non-income
producing