VANECK
OIL
SERVICES
ETF
SCHEDULE
OF
INVESTMENTS
March
31,
2026
(unaudited)
FootnoteRuleAboveBlank
Footnotes:
*
See
Schedule
of
Investments
for
geographic
sectors.
Number
of
Shares
Value
COMMON
STOCKS:
99.9%
Bermuda
:
4.0%
Valaris
Ltd.
(USD) *
†
949,785
$
93,116,921
Underline
Netherlands
:
5.3%
Core
Laboratories,
Inc.
(USD) †
365,034
6,128,921
Tenaris
SA
(ADR) †
2,031,605
118,198,779
124,327,700
Switzerland
:
4.5%
Transocean
Ltd.
(USD) *
15,769,241
104,550,068
Underline
United
Kingdom
:
6.4%
TechnipFMC
PLC
(USD)
2,147,798
148,477,276
Underline
United
States
:
79.7%
Baker
Hughes
Co.
4,463,555
272,500,033
Cactus,
Inc. †
1,176,732
55,741,795
Expro
Group
Holdings
NV *
†
1,401,499
24,400,097
Halliburton
Co.
4,211,201
164,194,727
Helix
Energy
Solutions
Group,
Inc. *
2,680,611
26,511,243
Helmerich
&
Payne,
Inc.
1,705,317
61,442,571
Innovex
International,
Inc. *
†
813,014
19,829,411
Liberty
Energy,
Inc.
2,858,399
82,321,891
Nabors
Industries
Ltd. *
†
242,384
20,859,567
Noble
Corp.
PLC †
2,195,101
107,713,606
NOV,
Inc.
4,137,170
77,820,168
Number
of
Shares
Value
United
States
(continued)
Oceaneering
International,
Inc. *
1,781,017
$
63,172,673
Patterson-UTI
Energy,
Inc.
7,120,355
77,113,445
ProPetro
Holding
Corp. *
2,391,512
34,461,688
RPC,
Inc. †
2,854,524
20,210,030
Select
Water
Solutions,
Inc. †
2,471,539
37,814,547
SLB
Ltd.
9,180,810
471,801,826
Solaris
Energy
Infrastructure,
Inc. †
1,234,333
69,752,158
Tidewater,
Inc. *
†
749,502
62,620,892
Weatherford
International
PLC
1,073,514
101,532,954
1,851,815,322
Total
Common
Stocks
(Cost:
$2,219,420,303)
2,322,287,287
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
0.7%
Money
Market
Fund:
0.7%
(Cost:
$15,350,832)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3.66%(a)
15,350,832
15,350,832
Total
Investments:
100.6%
(Cost:
$2,234,771,135)
2,337,638,119
Liabilities
in
excess
of
other
assets:
(0.6)%
(13,833,217)
NET
ASSETS:
100.0%
$
2,323,804,902
Definitions:
ADR
American
Depositary
Receipt
USD
United
States
Dollar
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$318,964,725.
*
Non-income
producing
(a)
The
rate
shown
is
the
7-day
yield
as
of
03/31/26.
The
summary
of
inputs
used
to
value
the
Fund's
investments
as
of
March
31,
2026
is
as
follows:
Level
1
Quoted
Prices
Level
2
Significant
Observable
Inputs
Level
3
Significant
Unobservable
Inputs
Value
Common
Stocks
*
$
2,322,287,287
$
—
$
—
$
2,322,287,287
Money
Market
Fund
15,350,832
—
—
15,350,832
Total
Investments
$
2,337,638,119
$
—
$
—
$
2,337,638,119