VANECK
RETAIL
ETF
SCHEDULE
OF
INVESTMENTS
June
30,
2025
(unaudited)
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
100.0%
China
:
3.1%
JD.com,
Inc.
(ADR)
231,432
$
7,553,941
Underline
United
States
:
96.9%
Amazon.com,
Inc. *
227,312
49,869,980
AutoZone,
Inc. *
2,428
9,013,294
Best
Buy
Co.,
Inc.
25,145
1,687,984
Cardinal
Health,
Inc.
33,301
5,594,568
Carvana
Co. *
17,567
5,919,376
Cencora,
Inc.
27,408
8,218,289
Costco
Wholesale
Corp.
21,288
21,073,843
CVS
Health
Corp.
165,918
11,445,024
Dollar
General
Corp.
29,029
3,320,337
Dollar
Tree,
Inc. *
27,736
2,746,973
Lowe's
Companies,
Inc.
49,207
10,917,557
Lululemon
Athletica,
Inc. *
14,966
3,555,622
McKesson
Corp.
15,192
11,132,394
Number
of
Shares
Value
United
States
(continued)
O'Reilly
Automotive,
Inc. *
121,143
$
10,918,619
Ross
Stores,
Inc.
43,400
5,536,972
Sysco
Corp.
67,635
5,122,675
Target
Corp.
59,968
5,915,843
The
Home
Depot,
Inc.
47,735
17,501,560
The
Kroger
Co.
91,647
6,573,839
The
TJX
Companies,
Inc.
97,292
12,014,589
Tractor
Supply
Co.
70,978
3,745,509
Ulta
Beauty,
Inc. *
6,186
2,893,935
Walgreens
Boots
Alliance,
Inc.
105,978
1,216,627
Walmart,
Inc.
231,247
22,611,332
238,546,741
Total
Common
Stocks
(Cost:
$213,894,164)
246,100,682
Total
Investments:
100.0%
(Cost:
$213,894,164)
246,100,682
Other
assets
less
liabilities:
0.0%
50,252
NET
ASSETS:
100.0%
$
246,150,934
Definitions:
ADR
American
Depositary
Receipt
*
Non-income
producing