VANECK
COPPER
AND
GREEN
METALS
ETF
SCHEDULE
OF
INVESTMENTS
March
31,
2026
(unaudited)
Number
of
Shares
Value
COMMON
STOCKS:
99.9%
Australia
:
15.4%
Glencore
PLC
(GBP)
392,892
$
2,964,694
IGO
Ltd. *
36,831
204,117
Iluka
Resources
Ltd. †
21,909
102,243
Liontown
Ltd. *
152,315
184,550
Lynas
Rare
Earths
Ltd. *
†
46,031
620,410
PLS
Group
Ltd. *
166,012
603,409
Sandfire
Resources
Ltd. *
22,354
254,639
4,934,062
Canada
:
9.9%
Capstone
Copper
Corp. *
44,903
337,525
Hudbay
Minerals,
Inc.
(USD)
26,791
559,932
Ivanhoe
Mines
Ltd. *
†
38,300
326,314
Lithium
Americas
Corp.
(USD) *
20,914
82,610
NGEx
Minerals
Ltd. *
†
9,594
173,930
Teck
Resources
Ltd.
(USD)
32,849
1,699,936
3,180,247
Chile
:
4.2%
Lundin
Mining
Corp.
(CAD) †
40,328
1,002,457
Sociedad
Quimica
y
Minera
de
Chile
SA
(ADR) *
4,251
344,076
1,346,533
China
:
13.8%
Baiyin
Nonferrous
Group
Co.
Ltd.
161,300
193,120
Beijing
Easpring
Material
Technology
Co.
Ltd.
11,000
83,256
Chengxin
Lithium
Group
Co.
Ltd. *
19,900
115,539
China
Nonferrous
Mining
Corp.
Ltd.
(HKD)
93,000
139,593
China
Northern
Rare
Earth
Group
High-Tech
Co.
Ltd.
78,768
549,135
China
Rare
Earth
Resources
And
Technology
Co.
Ltd. *
23,100
162,346
Ganfeng
Lithium
Group
Co.
Ltd.
26,320
303,708
GEM
Co.
Ltd.
110,500
128,261
Inner
Mongolia
Xingye
Silver&Tin
Mining
Co.
Ltd.
38,700
233,611
Jiangxi
Copper
Co.
Ltd.
45,203
287,759
MMG
Ltd.
(HKD) *
290,400
275,175
Shenghe
Resources
Holding
Co.
Ltd.
38,200
126,365
Tianqi
Lithium
Corp. *
32,100
262,086
Tongling
Nonferrous
Metals
Group
Co.
Ltd.
242,700
208,731
Western
Mining
Co.
Ltd.
51,900
191,949
Yunnan
Chihong
Zinc&Germanium
Co.
Ltd.
109,800
127,026
Yunnan
Copper
Co.
Ltd.
43,600
116,535
Yunnan
Tin
Co.
Ltd.
35,785
167,876
Zangge
Mining
Co.
Ltd.
34,200
399,090
Zhejiang
Huayou
Cobalt
Co.
Ltd.
41,030
357,164
4,428,325
Number
of
Shares
Value
Germany
:
0.9%
Aurubis
AG
1,632
$
289,346
Underline
Indonesia
:
1.5%
Amman
Mineral
Internasional
PT *
1,050,400
303,435
Merdeka
Copper
Gold
Tbk
PT *
992,600
188,866
492,301
Japan
:
3.2%
Mitsubishi
Materials
Corp.
6,500
204,337
Sumitomo
Metal
Mining
Co.
Ltd.
14,400
836,098
1,040,435
Liechtenstein
:
3.9%
Antofagasta
PLC
(GBP)
27,911
1,247,019
Underline
Mexico
:
10.0%
Grupo
Mexico
SAB
de
CV
195,800
2,082,861
Southern
Copper
Corp.
(USD)
6,596
1,134,908
3,217,769
Poland
:
1.9%
KGHM
Polska
Miedz
SA *
8,276
602,073
Underline
Russia
:
0.0%
GMK
Norilskiy
Nickel
PAO *∞
440,500
0
GMK
Norilskiy
Nickel
PAO
(ADR) *∞
2
0
0
South
Africa
:
15.4%
Anglo
American
PLC
(GBP)
54,476
2,330,297
Impala
Platinum
Holdings
Ltd.
49,238
692,233
Northam
Platinum
Holdings
Ltd.
20,041
404,242
Sibanye
Stillwater
Ltd.
(ADR)
37,500
462,000
Valterra
Platinum
Ltd.
12,325
1,024,135
4,912,907
Sweden
:
2.8%
Boliden
AB *
17,125
892,107
Underline
United
Kingdom
:
0.8%
Johnson
Matthey
PLC
10,004
251,804
Underline
United
States
:
13.0%
Albemarle
Corp.
6,416
1,151,864
Freeport-McMoRan,
Inc.
44,772
2,631,697
MP
Materials
Corp. *
†
8,125
392,113
4,175,674
Zambia
:
3.2%
First
Quantum
Minerals
Ltd.
(CAD) *
42,996
1,024,719
Underline
Total
Common
Stocks
(Cost:
$24,865,478)
32,035,321
VANECK
COPPER
AND
GREEN
METALS
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
0.0%
Money
Market
Fund:
0.0%
(Cost:
$1,088)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3.66%(a)
1,088
$
1,088
Total
Investments:
99.9%
(Cost:
$24,866,566)
32,036,409
Other
assets
less
liabilities:
0.1%
34,746
NET
ASSETS:
100.0%
$
32,071,155
Definitions:
ADR
American
Depositary
Receipt
CAD
Canadian
Dollar
GBP
British
Pound
HKD
Hong
Kong
Dollar
USD
United
States
Dollar
*
Non-income
producing
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$1,520,629.
∞
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(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
$
32,035,321
Australia
$
—
$
4,934,062
$
—
$
4,934,062
Canada
3,180,247
—
—
3,180,247
Chile
1,346,533
—
—
1,346,533
China
115,539
4,312,786
—
4,428,325
Germany
—
289,346
—
289,346
Indonesia
—
492,301
—
492,301
Japan
—
1,040,435
—
1,040,435
Liechtenstein
—
1,247,019
—
1,247,019
Mexico
3,217,769
—
—
3,217,769
Poland
—
602,073
—
602,073
Russia
—
—
0
0
South
Africa
462,000
4,450,907
—
4,912,907
Sweden
—
892,107
—
892,107
United
Kingdom
—
251,804
—
251,804
United
States
4,175,674
—
—
4,175,674
Zambia
1,024,719
—
—
1,024,719
Money
Market
Fund
1,088
—
—
1,088
Total
Investments
$
13,523,569
$
18,512,840
$
0
$
32,036,409