VANECK
ENVIRONMENTAL
SERVICES
ETF
SCHEDULE
OF
INVESTMENTS
June
30,
2025
(unaudited)
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
100.1%
Canada
:
4.2%
GFL
Environmental,
Inc.
(USD)
73,147
$
3,690,998
Underline
United
States
:
95.9%
ABM
Industries,
Inc.
80,810
3,815,040
Aris
Water
Solutions,
Inc.
68,996
1,631,755
Casella
Waste
Systems,
Inc. *
31,235
3,603,894
CECO
Environmental
Corp. *
†
123,725
3,502,655
Clean
Harbors,
Inc. *
15,992
3,697,031
Darling
Ingredients,
Inc. *
93,964
3,564,994
Donaldson
Co.,
Inc.
52,508
3,641,430
Ecolab,
Inc.
32,691
8,808,263
Energy
Recovery,
Inc. *
139,990
1,789,072
Montrose
Environmental
Group,
Inc. *
†
73,669
1,612,615
Perma-Fix
Environmental
Services,
Inc. *
†
172,797
1,817,825
PureCycle
Technologies,
Inc. *
†
305,404
4,184,035
Radius
Recycling,
Inc.
58,786
1,745,356
Republic
Services,
Inc.
35,013
8,634,556
Number
of
Shares
Value
United
States
(continued)
STERIS
PLC
15,032
$
3,610,987
Tennant
Co.
48,542
3,761,034
Tetra
Tech,
Inc.
100,811
3,625,164
Veralto
Corp.
37,075
3,742,721
Waste
Connections,
Inc.
46,506
8,683,600
Waste
Management,
Inc.
37,076
8,483,730
83,955,757
Total
Common
Stocks
(Cost:
$76,718,983)
87,646,755
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
3.2%
Money
Market
Fund:
3.2%
(Cost:
$2,795,623)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
2,795,623
2,795,623
Total
Investments:
103.3%
(Cost:
$79,514,606)
90,442,378
Liabilities
in
excess
of
other
assets:
(3.3)%
(2,852,889)
NET
ASSETS:
100.0%
$
87,589,489
Definitions:
USD
United
States
Dollar
*
Non-income
producing
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$7,160,872.