UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-10325
VANECK ETF TRUST
(Exact name of registrant as specified in charter)
666 Third Avenue, New York, NY 10017
(Address of principal executive offices) (Zip code)
Van Eck Associates Corporation
666 Third Avenue, New York, NY 10017
(Name and address of agent for service)
Registrant’s telephone number, including area code: (212)
293-2000
Date of fiscal year end: APRIL 30
Date of reporting period: APRIL 30, 2026
| Item 1. |
REPORTS TO STOCKHOLDERS. |
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VanEck CEF Muni Income ETF
Ticker: XMPT | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck CEF Muni Income ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investmentFootnote Reference(a) |
|---|
VanEck CEF Muni Income ETF | $43 | 0.41% |
|---|
| Footnote | Description |
Footnote(a) | Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
How did the Fund perform last year?
Municipal closed-end funds (CEF) delivered strong positive returns over the reporting period, supported by elevated tax-exempt income, Federal Reserve rate cuts that reduced CEF leverage costs, and improving investor sentiment toward leveraged municipal structures. Record issuance also expanded the opportunity set for active portfolio managers to add value.
The underlying closed-end fund holdings traded at a weighted average discount to net asset value of -3.99% as of April 30, 2026, meaningfully tighter than at the start of the period. Discounts widened sharply early in the period before compressing steadily, ending near their tightest level over the reporting period.
The Nuveen AMT-Free Quality Municipal Income Fund and Nuveen AMT-Free Municipal Credit Income Fund were the largest contributors to the Fund’s performance. The Pioneer Municipal High Income Fund and PIMCO Municipal Income Fund were the largest detractors from performance, though the impact was minimal.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE US Broad Municipal Index | S-Network Municipal Bond Closed-End Fund Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $10,010 | $10,031 | $10,014 |
|---|
Jun 16 | $10,407 | $10,194 | $10,414 |
|---|
Jul 16 | $10,447 | $10,189 | $10,460 |
|---|
Aug 16 | $10,374 | $10,212 | $10,389 |
|---|
Sep 16 | $10,298 | $10,163 | $10,315 |
|---|
Oct 16 | $9,706 | $10,068 | $9,725 |
|---|
Nov 16 | $9,230 | $9,701 | $9,250 |
|---|
Dec 16 | $9,367 | $9,807 | $9,419 |
|---|
Jan 17 | $9,642 | $9,857 | $9,652 |
|---|
Feb 17 | $9,656 | $9,921 | $9,671 |
|---|
Mar 17 | $9,639 | $9,943 | $9,655 |
|---|
Apr 17 | $9,807 | $10,015 | $9,824 |
|---|
May 17 | $9,994 | $10,163 | $10,013 |
|---|
Jun 17 | $10,015 | $10,140 | $10,037 |
|---|
Jul 17 | $10,249 | $10,214 | $10,273 |
|---|
Aug 17 | $10,289 | $10,300 | $10,320 |
|---|
Sep 17 | $10,216 | $10,261 | $10,238 |
|---|
Oct 17 | $10,053 | $10,280 | $10,080 |
|---|
Nov 17 | $10,103 | $10,236 | $10,134 |
|---|
Dec 17 | $10,146 | $10,338 | $10,218 |
|---|
Jan 18 | $9,753 | $10,229 | $9,781 |
|---|
Feb 18 | $9,696 | $10,185 | $9,728 |
|---|
Mar 18 | $9,680 | $10,219 | $9,713 |
|---|
Apr 18 | $9,665 | $10,180 | $9,702 |
|---|
May 18 | $9,864 | $10,299 | $9,909 |
|---|
Jun 18 | $9,845 | $10,311 | $9,889 |
|---|
Jul 18 | $9,887 | $10,335 | $9,935 |
|---|
Aug 18 | $9,977 | $10,351 | $10,029 |
|---|
Sep 18 | $9,743 | $10,285 | $9,795 |
|---|
Oct 18 | $9,346 | $10,211 | $9,401 |
|---|
Nov 18 | $9,588 | $10,324 | $9,648 |
|---|
Dec 18 | $9,546 | $10,445 | $9,651 |
|---|
Jan 19 | $10,105 | $10,523 | $10,175 |
|---|
Feb 19 | $10,291 | $10,579 | $10,365 |
|---|
Mar 19 | $10,539 | $10,733 | $10,618 |
|---|
Apr 19 | $10,615 | $10,772 | $10,699 |
|---|
May 19 | $10,816 | $10,920 | $10,908 |
|---|
Jun 19 | $10,980 | $10,965 | $11,077 |
|---|
Jul 19 | $11,269 | $11,049 | $11,371 |
|---|
Aug 19 | $11,470 | $11,209 | $11,578 |
|---|
Sep 19 | $11,395 | $11,131 | $11,508 |
|---|
Oct 19 | $11,361 | $11,145 | $11,477 |
|---|
Nov 19 | $11,381 | $11,164 | $11,501 |
|---|
Dec 19 | $11,487 | $11,198 | $11,645 |
|---|
Jan 20 | $11,860 | $11,385 | $11,991 |
|---|
Feb 20 | $11,715 | $11,527 | $11,848 |
|---|
Mar 20 | $10,702 | $11,154 | $10,830 |
|---|
Apr 20 | $10,278 | $11,009 | $10,409 |
|---|
May 20 | $10,956 | $11,343 | $11,100 |
|---|
Jun 20 | $11,133 | $11,429 | $11,282 |
|---|
Jul 20 | $11,695 | $11,594 | $11,853 |
|---|
Aug 20 | $11,577 | $11,560 | $11,737 |
|---|
Sep 20 | $11,567 | $11,558 | $11,730 |
|---|
Oct 20 | $11,529 | $11,536 | $11,696 |
|---|
Nov 20 | $12,086 | $11,691 | $12,265 |
|---|
Dec 20 | $12,328 | $11,758 | $12,563 |
|---|
Jan 21 | $12,501 | $11,823 | $12,696 |
|---|
Feb 21 | $12,278 | $11,651 | $12,473 |
|---|
Mar 21 | $12,541 | $11,714 | $12,744 |
|---|
Apr 21 | $12,785 | $11,813 | $12,996 |
|---|
May 21 | $13,067 | $11,857 | $13,289 |
|---|
Jun 21 | $13,284 | $11,889 | $13,514 |
|---|
Jul 21 | $13,462 | $11,972 | $13,701 |
|---|
Aug 21 | $13,543 | $11,935 | $13,787 |
|---|
Sep 21 | $13,069 | $11,852 | $13,308 |
|---|
Oct 21 | $13,000 | $11,840 | $13,241 |
|---|
Nov 21 | $13,171 | $11,927 | $13,419 |
|---|
Dec 21 | $13,356 | $11,942 | $13,612 |
|---|
Jan 22 | $12,326 | $11,648 | $12,564 |
|---|
Feb 22 | $12,122 | $11,590 | $12,361 |
|---|
Mar 22 | $11,485 | $11,268 | $11,715 |
|---|
Apr 22 | $10,762 | $10,967 | $10,980 |
|---|
May 22 | $11,150 | $11,126 | $11,382 |
|---|
Jun 22 | $10,582 | $10,941 | $10,808 |
|---|
Jul 22 | $11,229 | $11,213 | $11,477 |
|---|
Aug 22 | $10,738 | $10,953 | $10,978 |
|---|
Sep 22 | $9,611 | $10,578 | $9,824 |
|---|
Oct 22 | $9,319 | $10,504 | $9,529 |
|---|
Nov 22 | $10,423 | $10,988 | $10,662 |
|---|
Dec 22 | $10,182 | $10,985 | $10,419 |
|---|
Jan 23 | $10,689 | $11,291 | $10,942 |
|---|
Feb 23 | $10,124 | $11,036 | $10,367 |
|---|
Mar 23 | $10,356 | $11,269 | $10,609 |
|---|
Apr 23 | $10,274 | $11,252 | $10,528 |
|---|
May 23 | $10,012 | $11,167 | $10,263 |
|---|
Jun 23 | $10,181 | $11,262 | $10,440 |
|---|
Jul 23 | $10,316 | $11,289 | $10,582 |
|---|
Aug 23 | $9,877 | $11,164 | $10,135 |
|---|
Sep 23 | $9,180 | $10,870 | $9,418 |
|---|
Oct 23 | $8,932 | $10,751 | $9,167 |
|---|
Nov 23 | $10,044 | $11,383 | $10,312 |
|---|
Dec 23 | $10,454 | $11,644 | $10,737 |
|---|
Jan 24 | $10,532 | $11,619 | $10,821 |
|---|
Feb 24 | $10,621 | $11,622 | $10,916 |
|---|
Mar 24 | $10,772 | $11,611 | $11,076 |
|---|
Apr 24 | $10,393 | $11,490 | $10,691 |
|---|
May 24 | $10,636 | $11,460 | $10,944 |
|---|
Jun 24 | $11,069 | $11,636 | $11,392 |
|---|
Jul 24 | $11,247 | $11,732 | $11,580 |
|---|
Aug 24 | $11,468 | $11,823 | $11,811 |
|---|
Sep 24 | $11,810 | $11,940 | $12,168 |
|---|
Oct 24 | $11,477 | $11,783 | $11,829 |
|---|
Nov 24 | $11,789 | $11,963 | $12,154 |
|---|
Dec 24 | $11,170 | $11,826 | $11,519 |
|---|
Jan 25 | $11,442 | $11,859 | $11,806 |
|---|
Feb 25 | $11,675 | $11,978 | $12,052 |
|---|
Mar 25 | $11,343 | $11,783 | $11,714 |
|---|
Apr 25 | $11,099 | $11,721 | $11,468 |
|---|
May 25 | $11,083 | $11,702 | $11,455 |
|---|
Jun 25 | $11,183 | $11,788 | $11,562 |
|---|
Jul 25 | $11,082 | $11,760 | $11,462 |
|---|
Aug 25 | $11,314 | $11,860 | $11,710 |
|---|
Sep 25 | $11,833 | $12,131 | $12,252 |
|---|
Oct 25 | $12,000 | $12,259 | $12,428 |
|---|
Nov 25 | $11,941 | $12,292 | $12,432 |
|---|
Dec 25 | $12,050 | $12,311 | $12,488 |
|---|
Jan 26 | $12,241 | $12,400 | $12,691 |
|---|
Feb 26 | $12,505 | $12,553 | $12,964 |
|---|
Mar 26 | $11,968 | $12,288 | $12,408 |
|---|
Apr 26 | $12,217 | $12,418 | $12,669 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck CEF Muni Income ETF | 10.07% | (0.90)% | 2.02% |
|---|
S-Network Municipal Bond Closed-End Fund Index | 10.47% | (0.51)% | 2.39% |
|---|
ICE US Broad Municipal Index | 5.95% | 1.00% | 2.19% |
|---|
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$205,846,957
- Number of Portfolio Holdings38
- Portfolio Turnover Rate13%
- Management Fees Paid$754,804
What did the Fund invest in?
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Liabilities in excess of other assets | | (0.2)% |
Municipal Closed-End Funds | | 100.2% |
Top Ten Holdings (% of Total Net Assets)
Table SummaryBlackRock MuniHoldings Fund, Inc. | | 7.5% |
|---|
Nuveen AMT-Free Quality Municipal Income Fund | | 7.4% |
|---|
BlackRock MuniYield Quality Fund, Inc. | | 6.5% |
|---|
Nuveen Quality Municipal Income Fund | | 6.4% |
|---|
Nuveen AMT-Free Municipal Credit Income Fund | | 6.3% |
|---|
Nuveen Municipal Credit Income Fund | | 5.7% |
|---|
BlackRock Municipal 2030 Target Term Trust | | 5.5% |
|---|
BlackRock MuniYield Quality Fund III, Inc. | | 5.0% |
|---|
Nuveen Municipal Value Fund, Inc. | | 4.8% |
|---|
PIMCO Municipal Income Fund II | | 3.8% |
|---|
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck Emerging Markets High Yield Bond ETF
Ticker: HYEM | NYSE Arca, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Emerging Markets High Yield Bond ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Emerging Markets High Yield Bond ETF | $42 | 0.40% |
|---|
How did the Fund perform last year?
The Fund delivered a positive return during the period, supported by coupon income as well as a compression in credit spreads, while movements in interest rates detracted from performance.
Issuers in the Energy, Basic Industry, and Banking sectors contributed most to performance over the period, while Environmental Services contributed negatively.
By country of risk, Argentina, Mexico, and Colombia were the largest contributors to performance, driven by strong returns and generally higher allocations in the Fund. There were no material detractors from performance from a country of risk perspective.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE BofA Global Broad Market Plus Index | ICE BofA Diversified High Yield US Emerging Markets Corp Plus Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $10,035 | $9,877 | $10,048 |
|---|
Jun 16 | $10,283 | $10,164 | $10,312 |
|---|
Jul 16 | $10,524 | $10,241 | $10,547 |
|---|
Aug 16 | $10,667 | $10,195 | $10,700 |
|---|
Sep 16 | $10,789 | $10,245 | $10,822 |
|---|
Oct 16 | $10,792 | $9,973 | $10,839 |
|---|
Nov 16 | $10,630 | $9,584 | $10,663 |
|---|
Dec 16 | $10,725 | $9,545 | $10,829 |
|---|
Jan 17 | $10,976 | $9,648 | $11,031 |
|---|
Feb 17 | $11,134 | $9,697 | $11,219 |
|---|
Mar 17 | $11,138 | $9,710 | $11,223 |
|---|
Apr 17 | $11,304 | $9,817 | $11,405 |
|---|
May 17 | $11,317 | $9,962 | $11,415 |
|---|
Jun 17 | $11,277 | $9,954 | $11,386 |
|---|
Jul 17 | $11,345 | $10,116 | $11,461 |
|---|
Aug 17 | $11,479 | $10,218 | $11,602 |
|---|
Sep 17 | $11,556 | $10,128 | $11,698 |
|---|
Oct 17 | $11,620 | $10,089 | $11,771 |
|---|
Nov 17 | $11,583 | $10,194 | $11,703 |
|---|
Dec 17 | $11,582 | $10,232 | $11,752 |
|---|
Jan 18 | $11,681 | $10,344 | $11,812 |
|---|
Feb 18 | $11,574 | $10,253 | $11,724 |
|---|
Mar 18 | $11,517 | $10,362 | $11,672 |
|---|
Apr 18 | $11,448 | $10,201 | $11,596 |
|---|
May 18 | $11,276 | $10,123 | $11,417 |
|---|
Jun 18 | $11,142 | $10,078 | $11,280 |
|---|
Jul 18 | $11,326 | $10,062 | $11,471 |
|---|
Aug 18 | $11,006 | $10,066 | $11,133 |
|---|
Sep 18 | $11,305 | $9,983 | $11,439 |
|---|
Oct 18 | $11,230 | $9,879 | $11,368 |
|---|
Nov 18 | $11,177 | $9,914 | $11,316 |
|---|
Dec 18 | $11,172 | $10,114 | $11,376 |
|---|
Jan 19 | $11,651 | $10,269 | $11,812 |
|---|
Feb 19 | $11,781 | $10,212 | $11,962 |
|---|
Mar 19 | $11,834 | $10,341 | $12,024 |
|---|
Apr 19 | $11,898 | $10,312 | $12,092 |
|---|
May 19 | $11,896 | $10,458 | $12,090 |
|---|
Jun 19 | $12,222 | $10,689 | $12,422 |
|---|
Jul 19 | $12,333 | $10,664 | $12,544 |
|---|
Aug 19 | $11,923 | $10,894 | $12,115 |
|---|
Sep 19 | $12,126 | $10,779 | $12,331 |
|---|
Oct 19 | $12,303 | $10,850 | $12,520 |
|---|
Nov 19 | $12,379 | $10,764 | $12,610 |
|---|
Dec 19 | $12,544 | $10,819 | $12,853 |
|---|
Jan 20 | $12,752 | $10,964 | $13,004 |
|---|
Feb 20 | $12,614 | $11,045 | $12,867 |
|---|
Mar 20 | $10,643 | $10,805 | $10,751 |
|---|
Apr 20 | $11,152 | $11,007 | $11,273 |
|---|
May 20 | $11,817 | $11,068 | $11,966 |
|---|
Jun 20 | $12,239 | $11,167 | $12,424 |
|---|
Jul 20 | $12,528 | $11,522 | $12,723 |
|---|
Aug 20 | $12,758 | $11,485 | $12,970 |
|---|
Sep 20 | $12,597 | $11,447 | $12,819 |
|---|
Oct 20 | $12,611 | $11,435 | $12,842 |
|---|
Nov 20 | $13,141 | $11,633 | $13,397 |
|---|
Dec 20 | $13,391 | $11,777 | $13,733 |
|---|
Jan 21 | $13,433 | $11,652 | $13,723 |
|---|
Feb 21 | $13,518 | $11,420 | $13,823 |
|---|
Mar 21 | $13,417 | $11,205 | $13,719 |
|---|
Apr 21 | $13,553 | $11,344 | $13,863 |
|---|
May 21 | $13,674 | $11,433 | $13,997 |
|---|
Jun 21 | $13,745 | $11,359 | $14,072 |
|---|
Jul 21 | $13,622 | $11,503 | $13,939 |
|---|
Aug 21 | $13,781 | $11,455 | $14,122 |
|---|
Sep 21 | $13,591 | $11,234 | $13,920 |
|---|
Oct 21 | $13,414 | $11,203 | $13,733 |
|---|
Nov 21 | $13,203 | $11,169 | $13,505 |
|---|
Dec 21 | $13,268 | $11,142 | $13,556 |
|---|
Jan 22 | $12,968 | $10,897 | $13,254 |
|---|
Feb 22 | $12,324 | $10,762 | $12,570 |
|---|
Mar 22 | $12,071 | $10,429 | $12,130 |
|---|
Apr 22 | $11,812 | $9,861 | $11,903 |
|---|
May 22 | $11,645 | $9,887 | $11,718 |
|---|
Jun 22 | $10,956 | $9,573 | $11,013 |
|---|
Jul 22 | $11,017 | $9,787 | $11,059 |
|---|
Aug 22 | $11,177 | $9,397 | $11,236 |
|---|
Sep 22 | $10,636 | $8,896 | $10,683 |
|---|
Oct 22 | $10,374 | $8,831 | $10,404 |
|---|
Nov 22 | $11,259 | $9,247 | $11,328 |
|---|
Dec 22 | $11,585 | $9,286 | $11,697 |
|---|
Jan 23 | $12,039 | $9,581 | $12,186 |
|---|
Feb 23 | $11,782 | $9,271 | $11,929 |
|---|
Mar 23 | $11,766 | $9,563 | $11,913 |
|---|
Apr 23 | $11,746 | $9,612 | $11,891 |
|---|
May 23 | $11,631 | $9,429 | $11,759 |
|---|
Jun 23 | $11,864 | $9,431 | $12,001 |
|---|
Jul 23 | $12,011 | $9,484 | $12,155 |
|---|
Aug 23 | $11,927 | $9,361 | $12,060 |
|---|
Sep 23 | $11,905 | $9,082 | $12,038 |
|---|
Oct 23 | $11,747 | $8,968 | $11,877 |
|---|
Nov 23 | $12,173 | $9,417 | $12,321 |
|---|
Dec 23 | $12,527 | $9,809 | $12,681 |
|---|
Jan 24 | $12,695 | $9,685 | $12,861 |
|---|
Feb 24 | $12,849 | $9,557 | $13,019 |
|---|
Mar 24 | $13,039 | $9,609 | $13,210 |
|---|
Apr 24 | $12,979 | $9,362 | $13,164 |
|---|
May 24 | $13,201 | $9,488 | $13,396 |
|---|
Jun 24 | $13,332 | $9,507 | $13,539 |
|---|
Jul 24 | $13,563 | $9,772 | $13,775 |
|---|
Aug 24 | $13,766 | $9,998 | $13,983 |
|---|
Sep 24 | $14,000 | $10,167 | $14,224 |
|---|
Oct 24 | $13,986 | $9,826 | $14,214 |
|---|
Nov 24 | $14,091 | $9,867 | $14,320 |
|---|
Dec 24 | $14,084 | $9,647 | $14,319 |
|---|
Jan 25 | $14,258 | $9,704 | $14,486 |
|---|
Feb 25 | $14,430 | $9,855 | $14,665 |
|---|
Mar 25 | $14,403 | $9,914 | $14,639 |
|---|
Apr 25 | $14,273 | $10,198 | $14,500 |
|---|
May 25 | $14,460 | $10,151 | $14,694 |
|---|
Jun 25 | $14,690 | $10,344 | $14,930 |
|---|
Jul 25 | $14,862 | $10,192 | $15,111 |
|---|
Aug 25 | $15,059 | $10,340 | $15,315 |
|---|
Sep 25 | $15,129 | $10,411 | $15,387 |
|---|
Oct 25 | $15,259 | $10,388 | $15,521 |
|---|
Nov 25 | $15,163 | $10,413 | $15,503 |
|---|
Dec 25 | $15,378 | $10,423 | $15,643 |
|---|
Jan 26 | $15,590 | $10,522 | $15,872 |
|---|
Feb 26 | $15,712 | $10,640 | $15,989 |
|---|
Mar 26 | $15,401 | $10,310 | $15,674 |
|---|
Apr 26 | $15,792 | $10,430 | $16,088 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck Emerging Markets High Yield Bond ETF | 10.64% | 3.11% | 4.68% |
|---|
ICE BofA Diversified High Yield US Emerging Markets Corp Plus Index | 10.95% | 3.02% | 4.87% |
|---|
ICE BofA Global Broad Market Plus Index | 2.27% | (1.67)% | 0.42% |
|---|
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$504,446,582
- Number of Portfolio Holdings532
- Portfolio Turnover Rate39%
- Management Fees Paid$1,733,460
What did the Fund invest in?
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 2.6% |
Other Investments | | 0.8% |
Real Estate | | 1.9% |
Consumer Cyclicals | | 3.0% |
Government | | 3.4% |
Healthcare | | 3.5% |
Technology | | 4.4% |
Consumer Non-Cyclicals | | 5.6% |
Industrials | | 7.5% |
Utilities | | 8.1% |
Basic Materials | | 11.8% |
Energy | | 19.1% |
Financials | | 28.3% |
Top Ten Holdings (% of Total Net Assets)
Table SummaryProvincia de Buenos Aires, 6.62%, 9/1/2037 | | 1.5% |
|---|
Digicel International Finance Ltd. / Difl US LLC, 8.62%, 8/1/2032 | | 0.7% |
|---|
Samarco Mineracao SA, 9.50%, 6/30/2031 | | 0.7% |
|---|
Grupo Nutresa SA, 9.00%, 5/12/2035 | | 0.6% |
|---|
Grupo Nutresa SA, 8.00%, 5/12/2030 | | 0.6% |
|---|
YPF SA, 8.25%, 1/17/2034 | | 0.6% |
|---|
Teva Pharmaceutical Finance Netherlands III BV, 4.10%, 10/1/2046 | | 0.6% |
|---|
First Quantum Minerals Ltd., 6.38%, 2/15/2036 | | 0.6% |
|---|
Ecopetrol SA, 8.88%, 1/13/2033 | | 0.5% |
|---|
Petroleos Mexicanos, 7.69%, 1/23/2050 | | 0.5% |
|---|
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck Fallen Angel High Yield Bond ETF
Ticker: ANGL | The NASDAQ Stock Market LLC
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Fallen Angel High Yield Bond ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Fallen Angel High Yield Bond ETF | $27 | 0.25% |
|---|
How did the Fund perform last year?
High yield total returns during the period were supported primarily by coupon income and tighter spreads.
The Retail sector, the second largest exposure in Fund, experienced strong total returns and contributed the most to performance, followed by Basic Industry and Energy. No sector detracted from performance.
BB rated bonds contributed most to Fund performance, driven by strong returns and high average weight in the Fund. The CC rated bonds, a small exposure, detracted slightly from performance.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE BofA US Broad Market Index | ICE US Fallen Angel High Yield 10% Constrained Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $9,982 | $10,004 | $10,006 |
|---|
Jun 16 | $10,267 | $10,190 | $10,279 |
|---|
Jul 16 | $10,526 | $10,256 | $10,557 |
|---|
Aug 16 | $10,795 | $10,242 | $10,827 |
|---|
Sep 16 | $10,895 | $10,234 | $10,931 |
|---|
Oct 16 | $11,015 | $10,150 | $11,060 |
|---|
Nov 16 | $10,906 | $9,908 | $10,951 |
|---|
Dec 16 | $11,006 | $9,919 | $11,144 |
|---|
Jan 17 | $11,301 | $9,942 | $11,372 |
|---|
Feb 17 | $11,456 | $10,009 | $11,541 |
|---|
Mar 17 | $11,461 | $10,005 | $11,543 |
|---|
Apr 17 | $11,586 | $10,081 | $11,678 |
|---|
May 17 | $11,674 | $10,160 | $11,771 |
|---|
Jun 17 | $11,657 | $10,151 | $11,757 |
|---|
Jul 17 | $11,832 | $10,193 | $11,945 |
|---|
Aug 17 | $11,882 | $10,289 | $12,002 |
|---|
Sep 17 | $12,066 | $10,236 | $12,197 |
|---|
Oct 17 | $12,119 | $10,243 | $12,259 |
|---|
Nov 17 | $12,089 | $10,230 | $12,234 |
|---|
Dec 17 | $12,070 | $10,277 | $12,304 |
|---|
Jan 18 | $12,316 | $10,158 | $12,465 |
|---|
Feb 18 | $12,064 | $10,063 | $12,220 |
|---|
Mar 18 | $11,932 | $10,128 | $12,088 |
|---|
Apr 18 | $12,032 | $10,054 | $12,198 |
|---|
May 18 | $11,996 | $10,125 | $12,151 |
|---|
Jun 18 | $11,997 | $10,114 | $12,153 |
|---|
Jul 18 | $12,137 | $10,115 | $12,298 |
|---|
Aug 18 | $12,199 | $10,181 | $12,368 |
|---|
Sep 18 | $12,272 | $10,116 | $12,444 |
|---|
Oct 18 | $12,022 | $10,037 | $12,194 |
|---|
Nov 18 | $11,788 | $10,095 | $11,959 |
|---|
Dec 18 | $11,497 | $10,282 | $11,718 |
|---|
Jan 19 | $12,105 | $10,387 | $12,265 |
|---|
Feb 19 | $12,330 | $10,386 | $12,507 |
|---|
Mar 19 | $12,458 | $10,589 | $12,644 |
|---|
Apr 19 | $12,639 | $10,591 | $12,839 |
|---|
May 19 | $12,466 | $10,783 | $12,664 |
|---|
Jun 19 | $12,827 | $10,923 | $13,034 |
|---|
Jul 19 | $12,965 | $10,952 | $13,178 |
|---|
Aug 19 | $12,993 | $11,249 | $13,216 |
|---|
Sep 19 | $13,029 | $11,182 | $13,255 |
|---|
Oct 19 | $13,112 | $11,212 | $13,345 |
|---|
Nov 19 | $13,152 | $11,207 | $13,410 |
|---|
Dec 19 | $13,408 | $11,195 | $13,748 |
|---|
Jan 20 | $13,563 | $11,422 | $13,848 |
|---|
Feb 20 | $13,445 | $11,630 | $13,736 |
|---|
Mar 20 | $11,646 | $11,547 | $11,836 |
|---|
Apr 20 | $12,338 | $11,749 | $12,570 |
|---|
May 20 | $12,870 | $11,809 | $13,153 |
|---|
Jun 20 | $13,278 | $11,888 | $13,583 |
|---|
Jul 20 | $14,093 | $12,072 | $14,436 |
|---|
Aug 20 | $14,239 | $11,972 | $14,596 |
|---|
Sep 20 | $13,938 | $11,971 | $14,290 |
|---|
Oct 20 | $14,028 | $11,911 | $14,397 |
|---|
Nov 20 | $14,879 | $12,028 | $15,280 |
|---|
Dec 20 | $15,195 | $12,042 | $15,682 |
|---|
Jan 21 | $15,313 | $11,947 | $15,739 |
|---|
Feb 21 | $15,411 | $11,734 | $15,833 |
|---|
Mar 21 | $15,283 | $11,610 | $15,710 |
|---|
Apr 21 | $15,540 | $11,710 | $15,988 |
|---|
May 21 | $15,577 | $11,745 | $16,039 |
|---|
Jun 21 | $15,962 | $11,845 | $16,439 |
|---|
Jul 21 | $16,136 | $11,972 | $16,617 |
|---|
Aug 21 | $16,251 | $11,956 | $16,752 |
|---|
Sep 21 | $16,203 | $11,841 | $16,715 |
|---|
Oct 21 | $16,279 | $11,844 | $16,802 |
|---|
Nov 21 | $16,068 | $11,890 | $16,585 |
|---|
Dec 21 | $16,357 | $11,852 | $16,892 |
|---|
Jan 22 | $15,659 | $11,603 | $16,167 |
|---|
Feb 22 | $15,395 | $11,456 | $15,897 |
|---|
Mar 22 | $15,199 | $11,135 | $15,703 |
|---|
Apr 22 | $14,510 | $10,726 | $15,003 |
|---|
May 22 | $14,578 | $10,772 | $15,064 |
|---|
Jun 22 | $13,600 | $10,628 | $14,059 |
|---|
Jul 22 | $14,318 | $10,873 | $14,807 |
|---|
Aug 22 | $14,108 | $10,578 | $14,605 |
|---|
Sep 22 | $13,494 | $10,112 | $13,963 |
|---|
Oct 22 | $13,674 | $9,974 | $14,156 |
|---|
Nov 22 | $14,024 | $10,335 | $14,524 |
|---|
Dec 22 | $14,027 | $10,292 | $14,528 |
|---|
Jan 23 | $14,550 | $10,601 | $15,088 |
|---|
Feb 23 | $14,318 | $10,335 | $14,853 |
|---|
Mar 23 | $14,520 | $10,597 | $15,066 |
|---|
Apr 23 | $14,595 | $10,665 | $15,143 |
|---|
May 23 | $14,426 | $10,549 | $14,968 |
|---|
Jun 23 | $14,683 | $10,511 | $15,234 |
|---|
Jul 23 | $14,864 | $10,502 | $15,426 |
|---|
Aug 23 | $14,869 | $10,436 | $15,433 |
|---|
Sep 23 | $14,619 | $10,177 | $15,175 |
|---|
Oct 23 | $14,476 | $10,019 | $15,026 |
|---|
Nov 23 | $15,298 | $10,459 | $15,892 |
|---|
Dec 23 | $15,843 | $10,847 | $16,450 |
|---|
Jan 24 | $15,926 | $10,834 | $16,545 |
|---|
Feb 24 | $15,862 | $10,685 | $16,479 |
|---|
Mar 24 | $16,085 | $10,775 | $16,715 |
|---|
Apr 24 | $15,803 | $10,515 | $16,423 |
|---|
May 24 | $15,965 | $10,694 | $16,589 |
|---|
Jun 24 | $16,003 | $10,796 | $16,629 |
|---|
Jul 24 | $16,342 | $11,046 | $16,987 |
|---|
Aug 24 | $16,597 | $11,203 | $17,246 |
|---|
Sep 24 | $16,804 | $11,353 | $17,468 |
|---|
Oct 24 | $16,659 | $11,076 | $17,322 |
|---|
Nov 24 | $16,880 | $11,187 | $17,547 |
|---|
Dec 24 | $16,757 | $11,006 | $17,398 |
|---|
Jan 25 | $16,994 | $11,069 | $17,656 |
|---|
Feb 25 | $17,065 | $11,309 | $17,728 |
|---|
Mar 25 | $17,006 | $11,313 | $17,667 |
|---|
Apr 25 | $16,801 | $11,355 | $17,447 |
|---|
May 25 | $17,118 | $11,274 | $17,779 |
|---|
Jun 25 | $17,534 | $11,446 | $18,217 |
|---|
Jul 25 | $17,579 | $11,422 | $18,267 |
|---|
Aug 25 | $17,831 | $11,556 | $18,507 |
|---|
Sep 25 | $18,081 | $11,681 | $18,762 |
|---|
Oct 25 | $18,099 | $11,755 | $18,777 |
|---|
Nov 25 | $18,103 | $11,827 | $18,876 |
|---|
Dec 25 | $18,284 | $11,793 | $18,970 |
|---|
Jan 26 | $18,394 | $11,822 | $19,090 |
|---|
Feb 26 | $18,563 | $12,012 | $19,259 |
|---|
Mar 26 | $18,037 | $11,800 | $18,722 |
|---|
Apr 26 | $18,480 | $11,819 | $19,186 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck Fallen Angel High Yield Bond ETF | 10.00% | 3.53% | 6.33% |
|---|
ICE US Fallen Angel High Yield 10% Constrained Index | 9.97% | 3.71% | 6.73% |
|---|
ICE BofA US Broad Market Index | 4.08% | 0.18% | 1.68% |
|---|
ICE US Fallen Angel High Yield 10% Constrained Index replaced the ICE BofAML US Fallen Angel High Yield Index effective February 28, 2020. Historical performance prior to that date reflects the predecessor index.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$3,065,790,808
- Number of Portfolio Holdings131
- Portfolio Turnover Rate52%
- Management Fees Paid$7,583,850
What did the Fund invest in?
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 1.9% |
Other Investments | | 0.5% |
Utilities | | 1.1% |
Healthcare | | 2.1% |
Industrials | | 3.5% |
Energy | | 6.9% |
Real Estate | | 7.4% |
Financials | | 10.1% |
Technology | | 12.0% |
Basic Materials | | 15.4% |
Consumer Cyclicals | | 39.1% |
Top Ten Holdings (% of Total Net Assets)
Table SummaryNissan Motor Co. Ltd., 4.34%, 9/17/2027 | | 3.4% |
|---|
Vodafone Group PLC, 7.00%, 4/4/2079 | | 3.4% |
|---|
Nissan Motor Co. Ltd., 4.81%, 9/17/2030 | | 3.3% |
|---|
Entegris, Inc., 4.75%, 4/15/2029 | | 2.6% |
|---|
Dresdner Funding Trust I, 8.15%, 6/30/2031 | | 1.7% |
|---|
Celanese US Holdings LLC, 7.20%, 11/15/2033 | | 1.7% |
|---|
Celanese US Holdings LLC, 7.05%, 11/15/2030 | | 1.7% |
|---|
Celanese US Holdings LLC, 7.38%, 7/15/2032 | | 1.7% |
|---|
Resorts World Las Vegas LLC / RWLV Capital, Inc., 4.62%, 4/16/2029 | | 1.4% |
|---|
PacifiCorp, 7.38%, 9/15/2055 | | 1.4% |
|---|
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
Ticker: GRNB | NYSE Arca, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Green Bond ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Green Bond ETF | $21 | 0.20% |
|---|
How did the Fund perform last year?
Coupon income and tighter spreads drove positive investment grade U.S. dollar denominated green bond returns, while movements in interest rates detracted from performance during the period.
Issuers in the Utility, Real Estate and Foreign Sovereign sector were the largest contributions to performance, while holdings in Energy and Environmental Services detracted from performance.
By country of risk, United States, South Korea, and Germany were the largest contributors to performance, driven by strong returns and generally higher allocations in the Fund. Brazil was the only detractor from performance during the period.
How did the Fund perform since inception?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV since inception (3/3/2017).
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE BofA US Broad Market Index | S&P Green Bond U.S. Dollar Select Index |
|---|
Mar 17 | $10,000 | $10,000 | $10,000 |
|---|
Mar 17 | $10,101 | $10,061 | $10,113 |
|---|
Apr 17 | $10,286 | $10,137 | $10,288 |
|---|
May 17 | $10,526 | $10,216 | $10,530 |
|---|
Jun 17 | $10,568 | $10,207 | $10,588 |
|---|
Jul 17 | $10,834 | $10,250 | $10,854 |
|---|
Aug 17 | $10,965 | $10,346 | $11,007 |
|---|
Sep 17 | $10,875 | $10,292 | $10,922 |
|---|
Oct 17 | $10,835 | $10,300 | $10,887 |
|---|
Nov 17 | $10,967 | $10,286 | $11,034 |
|---|
Dec 17 | $10,977 | $10,334 | $11,068 |
|---|
Jan 18 | $11,158 | $10,215 | $11,245 |
|---|
Feb 18 | $10,961 | $10,118 | $11,052 |
|---|
Mar 18 | $11,056 | $10,184 | $11,156 |
|---|
Apr 18 | $10,874 | $10,110 | $10,983 |
|---|
May 18 | $10,662 | $10,181 | $10,759 |
|---|
Jun 18 | $10,668 | $10,170 | $10,768 |
|---|
Jul 18 | $10,690 | $10,171 | $10,801 |
|---|
Aug 18 | $10,659 | $10,237 | $10,767 |
|---|
Sep 18 | $10,608 | $10,172 | $10,711 |
|---|
Oct 18 | $10,407 | $10,092 | $10,516 |
|---|
Nov 18 | $10,403 | $10,151 | $10,522 |
|---|
Dec 18 | $10,530 | $10,339 | $10,669 |
|---|
Jan 19 | $10,684 | $10,445 | $10,826 |
|---|
Feb 19 | $10,648 | $10,444 | $10,791 |
|---|
Mar 19 | $10,746 | $10,648 | $10,904 |
|---|
Apr 19 | $10,737 | $10,650 | $10,896 |
|---|
May 19 | $10,782 | $10,843 | $10,955 |
|---|
Jun 19 | $11,143 | $10,983 | $11,336 |
|---|
Jul 19 | $11,083 | $11,012 | $11,296 |
|---|
Aug 19 | $11,185 | $11,312 | $11,411 |
|---|
Sep 19 | $11,104 | $11,245 | $11,308 |
|---|
Oct 19 | $11,152 | $11,275 | $11,357 |
|---|
Nov 19 | $11,127 | $11,269 | $11,341 |
|---|
Dec 19 | $11,102 | $11,257 | $11,342 |
|---|
Jan 20 | $11,342 | $11,485 | $11,565 |
|---|
Feb 20 | $11,486 | $11,694 | $11,707 |
|---|
Mar 20 | $11,088 | $11,611 | $11,289 |
|---|
Apr 20 | $11,399 | $11,815 | $11,594 |
|---|
May 20 | $11,524 | $11,874 | $11,755 |
|---|
Jun 20 | $11,674 | $11,954 | $11,902 |
|---|
Jul 20 | $11,885 | $12,139 | $12,113 |
|---|
Aug 20 | $11,832 | $12,039 | $12,079 |
|---|
Sep 20 | $11,828 | $12,037 | $12,080 |
|---|
Oct 20 | $11,790 | $11,977 | $12,051 |
|---|
Nov 20 | $11,932 | $12,095 | $12,199 |
|---|
Dec 20 | $11,948 | $12,108 | $12,255 |
|---|
Jan 21 | $11,933 | $12,014 | $12,215 |
|---|
Feb 21 | $11,783 | $11,799 | $12,082 |
|---|
Mar 21 | $11,654 | $11,675 | $11,948 |
|---|
Apr 21 | $11,749 | $11,775 | $12,045 |
|---|
May 21 | $11,796 | $11,810 | $12,097 |
|---|
Jun 21 | $11,875 | $11,910 | $12,187 |
|---|
Jul 21 | $11,967 | $12,039 | $12,279 |
|---|
Aug 21 | $11,974 | $12,022 | $12,294 |
|---|
Sep 21 | $11,844 | $11,907 | $12,168 |
|---|
Oct 21 | $11,745 | $11,910 | $12,074 |
|---|
Nov 21 | $11,745 | $11,956 | $12,062 |
|---|
Dec 21 | $11,731 | $11,917 | $12,063 |
|---|
Jan 22 | $11,464 | $11,667 | $11,785 |
|---|
Feb 22 | $11,283 | $11,519 | $11,586 |
|---|
Mar 22 | $11,026 | $11,197 | $11,318 |
|---|
Apr 22 | $10,657 | $10,786 | $10,945 |
|---|
May 22 | $10,693 | $10,832 | $10,989 |
|---|
Jun 22 | $10,462 | $10,687 | $10,744 |
|---|
Jul 22 | $10,679 | $10,934 | $10,956 |
|---|
Aug 22 | $10,470 | $10,637 | $10,754 |
|---|
Sep 22 | $10,073 | $10,168 | $10,335 |
|---|
Oct 22 | $9,976 | $10,029 | $10,229 |
|---|
Nov 22 | $10,336 | $10,393 | $10,602 |
|---|
Dec 22 | $10,341 | $10,349 | $10,599 |
|---|
Jan 23 | $10,609 | $10,660 | $10,887 |
|---|
Feb 23 | $10,399 | $10,393 | $10,677 |
|---|
Mar 23 | $10,601 | $10,656 | $10,876 |
|---|
Apr 23 | $10,700 | $10,724 | $10,976 |
|---|
May 23 | $10,603 | $10,607 | $10,881 |
|---|
Jun 23 | $10,603 | $10,569 | $10,871 |
|---|
Jul 23 | $10,650 | $10,560 | $10,919 |
|---|
Aug 23 | $10,608 | $10,494 | $10,880 |
|---|
Sep 23 | $10,442 | $10,233 | $10,721 |
|---|
Oct 23 | $10,321 | $10,075 | $10,601 |
|---|
Nov 23 | $10,716 | $10,517 | $11,008 |
|---|
Dec 23 | $11,058 | $10,907 | $11,365 |
|---|
Jan 24 | $11,065 | $10,894 | $11,377 |
|---|
Feb 24 | $10,987 | $10,745 | $11,307 |
|---|
Mar 24 | $11,082 | $10,835 | $11,394 |
|---|
Apr 24 | $10,903 | $10,574 | $11,218 |
|---|
May 24 | $11,063 | $10,753 | $11,386 |
|---|
Jun 24 | $11,154 | $10,856 | $11,479 |
|---|
Jul 24 | $11,354 | $11,107 | $11,697 |
|---|
Aug 24 | $11,525 | $11,265 | $11,865 |
|---|
Sep 24 | $11,666 | $11,416 | $12,015 |
|---|
Oct 24 | $11,484 | $11,137 | $11,833 |
|---|
Nov 24 | $11,573 | $11,249 | $11,927 |
|---|
Dec 24 | $11,459 | $11,068 | $11,812 |
|---|
Jan 25 | $11,522 | $11,131 | $11,873 |
|---|
Feb 25 | $11,698 | $11,372 | $12,064 |
|---|
Mar 25 | $11,689 | $11,376 | $12,063 |
|---|
Apr 25 | $11,711 | $11,418 | $12,084 |
|---|
May 25 | $11,727 | $11,336 | $12,094 |
|---|
Jun 25 | $11,891 | $11,509 | $12,259 |
|---|
Jul 25 | $11,930 | $11,485 | $12,294 |
|---|
Aug 25 | $12,053 | $11,620 | $12,432 |
|---|
Sep 25 | $12,140 | $11,746 | $12,520 |
|---|
Oct 25 | $12,187 | $11,821 | $12,577 |
|---|
Nov 25 | $12,205 | $11,893 | $12,633 |
|---|
Dec 25 | $12,251 | $11,858 | $12,639 |
|---|
Jan 26 | $12,291 | $11,888 | $12,685 |
|---|
Feb 26 | $12,381 | $12,079 | $12,787 |
|---|
Mar 26 | $12,170 | $11,865 | $12,569 |
|---|
Apr 26 | $12,267 | $11,884 | $12,673 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | Life* |
|---|
VanEck Green Bond ETF | 4.74% | 0.87% | 2.26% |
|---|
S&P Green Bond U.S. Dollar Select Index | 4.88% | 1.02% | 2.62% |
|---|
ICE BofA US Broad Market Index | 4.08% | 0.18% | 1.90% |
|---|
* Inception of Fund: 03/03/2017.
S&P Green Bond U.S. Dollar Select Index replaced the S&P Green Bond Select Index effective September 1, 2019. Historical performance prior to that date reflects the predecessor index.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$176,899,716
- Number of Portfolio Holdings465
- Portfolio Turnover Rate21%
- Management Fees Paid$305,438
What did the Fund invest in?
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 2.1% |
Other Investments | | 2.4% |
Energy | | 1.0% |
Mortgage Securities | | 2.8% |
Industrials | | 2.9% |
Consumer Cyclicals | | 5.1% |
Technology | | 5.6% |
Basic Materials | | 6.4% |
Real Estate | | 7.6% |
Government | | 11.4% |
Utilities | | 21.4% |
Financials | | 31.3% |
Top Ten Holdings (% of Total Net Assets)
Table SummaryEuropean Investment Bank, 3.75%, 2/14/2033 | | 1.6% |
|---|
European Investment Bank, 4.38%, 10/10/2031 | | 1.3% |
|---|
WULF Compute LLC, 7.75%, 10/15/2030 | | 1.1% |
|---|
Kreditanstalt fuer Wiederaufbau, 1.00%, 10/1/2026 | | 1.0% |
|---|
Turkiye Government International Bond, 9.12%, 7/13/2030 | | 0.9% |
|---|
Ford Motor Co., 3.25%, 2/12/2032 | | 0.7% |
|---|
JPMorgan Chase & Co., 6.07%, 10/22/2027 | | 0.7% |
|---|
Kreditanstalt fuer Wiederaufbau, 4.38%, 2/28/2034 | | 0.7% |
|---|
Gaci First Investment Co., 4.88%, 2/14/2035 | | 0.6% |
|---|
Gaci First Investment Co., 5.25%, 10/13/2032 | | 0.6% |
|---|
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck High Yield Muni ETF
Ticker: HYD | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck High Yield Muni ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck High Yield Muni ETF | $33 | 0.32% |
|---|
How did the Fund perform last year?
High yield municipal bonds delivered positive returns over the reporting period, supported by resilient credit fundamentals, elevated tax-exempt income, and Federal Reserve rate cuts. Steady investor demand and stable high yield credit spreads kept market technicals broadly favorable, even as record new issuance came to market.
Securities from California, New York, and Illinois were the largest contributors to the Fund’s performance, reflecting their size and positive absolute returns. Puerto Rico also contributed meaningfully, while Nevada and Missouri were the only states to detract from performance.
The Fund’s exposure to the Tax and Industrial Development Revenue sectors contributed the most to performance over the reporting period. Hospital sector bonds also contributed, while Tobacco was the only sector to detract from performance.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE US Broad Municipal Index | ICE Broad High Yield Crossover Municipal Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $10,100 | $10,031 | $10,106 |
|---|
Jun 16 | $10,293 | $10,194 | $10,318 |
|---|
Jul 16 | $10,322 | $10,189 | $10,364 |
|---|
Aug 16 | $10,378 | $10,212 | $10,383 |
|---|
Sep 16 | $10,377 | $10,163 | $10,372 |
|---|
Oct 16 | $10,219 | $10,068 | $10,235 |
|---|
Nov 16 | $9,626 | $9,701 | $9,644 |
|---|
Dec 16 | $9,633 | $9,807 | $9,783 |
|---|
Jan 17 | $9,809 | $9,857 | $9,901 |
|---|
Feb 17 | $9,975 | $9,921 | $10,106 |
|---|
Mar 17 | $10,065 | $9,943 | $10,180 |
|---|
Apr 17 | $10,169 | $10,015 | $10,275 |
|---|
May 17 | $10,331 | $10,163 | $10,485 |
|---|
Jun 17 | $10,319 | $10,140 | $10,451 |
|---|
Jul 17 | $10,384 | $10,214 | $10,550 |
|---|
Aug 17 | $10,545 | $10,300 | $10,701 |
|---|
Sep 17 | $10,544 | $10,261 | $10,660 |
|---|
Oct 17 | $10,538 | $10,280 | $10,692 |
|---|
Nov 17 | $10,569 | $10,236 | $10,708 |
|---|
Dec 17 | $10,650 | $10,338 | $10,844 |
|---|
Jan 18 | $10,645 | $10,229 | $10,738 |
|---|
Feb 18 | $10,611 | $10,185 | $10,735 |
|---|
Mar 18 | $10,686 | $10,219 | $10,873 |
|---|
Apr 18 | $10,726 | $10,180 | $10,905 |
|---|
May 18 | $10,897 | $10,299 | $11,120 |
|---|
Jun 18 | $10,932 | $10,311 | $11,167 |
|---|
Jul 18 | $10,985 | $10,335 | $11,214 |
|---|
Aug 18 | $11,033 | $10,351 | $11,292 |
|---|
Sep 18 | $10,967 | $10,285 | $11,239 |
|---|
Oct 18 | $10,784 | $10,211 | $11,108 |
|---|
Nov 18 | $10,809 | $10,324 | $11,196 |
|---|
Dec 18 | $10,874 | $10,445 | $11,297 |
|---|
Jan 19 | $10,966 | $10,523 | $11,376 |
|---|
Feb 19 | $11,036 | $10,579 | $11,441 |
|---|
Mar 19 | $11,271 | $10,733 | $11,711 |
|---|
Apr 19 | $11,313 | $10,772 | $11,770 |
|---|
May 19 | $11,507 | $10,920 | $11,976 |
|---|
Jun 19 | $11,563 | $10,965 | $12,035 |
|---|
Jul 19 | $11,615 | $11,049 | $12,118 |
|---|
Aug 19 | $11,849 | $11,209 | $12,381 |
|---|
Sep 19 | $11,812 | $11,131 | $12,330 |
|---|
Oct 19 | $11,829 | $11,145 | $12,354 |
|---|
Nov 19 | $11,866 | $11,164 | $12,403 |
|---|
Dec 19 | $11,871 | $11,198 | $12,443 |
|---|
Jan 20 | $12,132 | $11,385 | $12,719 |
|---|
Feb 20 | $12,385 | $11,527 | $12,988 |
|---|
Mar 20 | $10,974 | $11,154 | $11,650 |
|---|
Apr 20 | $10,537 | $11,009 | $11,252 |
|---|
May 20 | $10,859 | $11,343 | $11,670 |
|---|
Jun 20 | $11,179 | $11,429 | $12,096 |
|---|
Jul 20 | $11,452 | $11,594 | $12,440 |
|---|
Aug 20 | $11,471 | $11,560 | $12,471 |
|---|
Sep 20 | $11,439 | $11,558 | $12,479 |
|---|
Oct 20 | $11,445 | $11,536 | $12,482 |
|---|
Nov 20 | $11,683 | $11,691 | $12,764 |
|---|
Dec 20 | $11,865 | $11,758 | $13,002 |
|---|
Jan 21 | $12,132 | $11,823 | $13,262 |
|---|
Feb 21 | $11,964 | $11,651 | $13,125 |
|---|
Mar 21 | $12,051 | $11,714 | $13,266 |
|---|
Apr 21 | $12,206 | $11,813 | $13,450 |
|---|
May 21 | $12,340 | $11,857 | $13,586 |
|---|
Jun 21 | $12,468 | $11,889 | $13,737 |
|---|
Jul 21 | $12,586 | $11,972 | $13,903 |
|---|
Aug 21 | $12,542 | $11,935 | $13,874 |
|---|
Sep 21 | $12,403 | $11,852 | $13,775 |
|---|
Oct 21 | $12,323 | $11,840 | $13,720 |
|---|
Nov 21 | $12,475 | $11,927 | $13,884 |
|---|
Dec 21 | $12,497 | $11,942 | $13,915 |
|---|
Jan 22 | $12,132 | $11,648 | $13,518 |
|---|
Feb 22 | $12,022 | $11,590 | $13,467 |
|---|
Mar 22 | $11,586 | $11,268 | $13,008 |
|---|
Apr 22 | $11,155 | $10,967 | $12,561 |
|---|
May 22 | $11,283 | $11,126 | $12,739 |
|---|
Jun 22 | $10,868 | $10,941 | $12,330 |
|---|
Jul 22 | $11,228 | $11,213 | $12,776 |
|---|
Aug 22 | $10,961 | $10,953 | $12,498 |
|---|
Sep 22 | $10,302 | $10,578 | $11,796 |
|---|
Oct 22 | $10,099 | $10,504 | $11,595 |
|---|
Nov 22 | $10,640 | $10,988 | $12,226 |
|---|
Dec 22 | $10,591 | $10,985 | $12,208 |
|---|
Jan 23 | $10,948 | $11,291 | $12,679 |
|---|
Feb 23 | $10,650 | $11,036 | $12,362 |
|---|
Mar 23 | $10,773 | $11,269 | $12,541 |
|---|
Apr 23 | $10,808 | $11,252 | $12,589 |
|---|
May 23 | $10,730 | $11,167 | $12,526 |
|---|
Jun 23 | $10,885 | $11,262 | $12,714 |
|---|
Jul 23 | $10,909 | $11,289 | $12,765 |
|---|
Aug 23 | $10,804 | $11,164 | $12,639 |
|---|
Sep 23 | $10,453 | $10,870 | $12,257 |
|---|
Oct 23 | $10,219 | $10,751 | $12,008 |
|---|
Nov 23 | $10,879 | $11,383 | $12,806 |
|---|
Dec 23 | $11,174 | $11,644 | $13,173 |
|---|
Jan 24 | $11,222 | $11,619 | $13,247 |
|---|
Feb 24 | $11,286 | $11,622 | $13,331 |
|---|
Mar 24 | $11,365 | $11,611 | $13,430 |
|---|
Apr 24 | $11,245 | $11,490 | $13,291 |
|---|
May 24 | $11,299 | $11,460 | $13,361 |
|---|
Jun 24 | $11,495 | $11,636 | $13,628 |
|---|
Jul 24 | $11,591 | $11,732 | $13,765 |
|---|
Aug 24 | $11,680 | $11,823 | $13,908 |
|---|
Sep 24 | $11,820 | $11,940 | $14,079 |
|---|
Oct 24 | $11,688 | $11,783 | $13,925 |
|---|
Nov 24 | $11,835 | $11,963 | $14,123 |
|---|
Dec 24 | $11,677 | $11,826 | $13,946 |
|---|
Jan 25 | $11,753 | $11,859 | $14,040 |
|---|
Feb 25 | $11,888 | $11,978 | $14,209 |
|---|
Mar 25 | $11,687 | $11,783 | $13,970 |
|---|
Apr 25 | $11,495 | $11,721 | $13,795 |
|---|
May 25 | $11,461 | $11,702 | $13,769 |
|---|
Jun 25 | $11,533 | $11,788 | $13,857 |
|---|
Jul 25 | $11,421 | $11,760 | $13,716 |
|---|
Aug 25 | $11,481 | $11,860 | $13,785 |
|---|
Sep 25 | $11,819 | $12,131 | $14,187 |
|---|
Oct 25 | $11,931 | $12,259 | $14,348 |
|---|
Nov 25 | $11,932 | $12,292 | $14,400 |
|---|
Dec 25 | $11,982 | $12,311 | $14,411 |
|---|
Jan 26 | $12,099 | $12,400 | $14,542 |
|---|
Feb 26 | $12,264 | $12,553 | $14,739 |
|---|
Mar 26 | $12,023 | $12,288 | $14,470 |
|---|
Apr 26 | $12,176 | $12,418 | $14,644 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck High Yield Muni ETF | 5.92% | (0.05)% | 1.99% |
|---|
ICE Broad High Yield Crossover Municipal Index | 6.15% | 1.72% | 3.89% |
|---|
ICE US Broad Municipal Index | 5.95% | 1.00% | 2.19% |
|---|
From December 1, 2022 forward, the index data reflects that of the Fund's underlying index, ICE Broad High Yield Crossover Municipal Index. Index data fromMarch 1, 2022 to November 30, 2022 reflects that of the ICE High Yield Crossover Municipal Bond Transition Index. Index data prior to March 1, 2022 reflects that of the Bloomberg Barclays Municipal Custom High Yield Composite Index.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$4,186,394,922
- Number of Portfolio Holdings1,912
- Portfolio Turnover Rate28%
- Management Fees Paid$11,805,847
What did the Fund invest in?
Top Ten Holdings (% of Total Net Assets)
Table SummaryPuerto Rico Sales Tax Financing Corp., 7/1/2046 | | 1.0% |
|---|
Buckeye Tobacco Settlement Financing Authority, 5.00%, 6/1/2055 | | 0.9% |
|---|
Tobacco Settlement Financing Corp., 5.00%, 6/1/2046 | | 0.7% |
|---|
Chicago Board of Education, 5.00%, 12/1/2042 | | 0.7% |
|---|
New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, 5.00%, 7/1/2046 | | 0.7% |
|---|
Puerto Rico Sales Tax Financing Corp., 4.75%, 7/1/2053 | | 0.6% |
|---|
Chicago Board of Education, 5.25%, 12/1/2039 | | 0.6% |
|---|
Florida Development Finance Corp., Brightline Florida Passenger Rail Project, 5.00%, 7/1/2044 | | 0.5% |
|---|
New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, 5.25%, 1/1/2050 | | 0.5% |
|---|
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., 4.00%, 7/15/2041 | | 0.5% |
|---|
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 5.2% |
Other Investments | | 1.4% |
Water & Sewer | | 1.1% |
Miscellaneous | | 1.3% |
Transportation | | 1.9% |
Multi-Family Housing | | 2.7% |
State GO | | 2.7% |
Leasing COPS & Appropriations | | 3.6% |
Tobacco | | 3.6% |
Power | | 3.7% |
Airport | | 4.2% |
Utilities | | 4.2% |
Toll & Turnpike | | 4.5% |
Local GO | | 6.9% |
Education | | 8.8% |
Health | | 9.1% |
Tax | | 9.6% |
Hospitals | | 10.5% |
Industrial Development Revenue | | 15.0% |
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck IG Floating Rate ETF
Ticker: FLTR | NYSE Arca, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck IG Floating Rate ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck IG Floating Rate ETF | $14 | 0.14% |
|---|
How did the Fund perform last year?
The Fund benefitted from elevated interest rates which drove coupon income, despite the Federal Reserve cutting interest rates by 75 basis points during the period.
The largest contribution to Fund performance was the Banking sector, which was also the Fund's largest sector allocation.
In terms of country of risk, the largest contribution to performance came from U.S. issuers.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE BofA US Broad Market Index | MVIS® US Investment Grade Floating Rate Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $10,029 | $10,004 | $10,032 |
|---|
Jun 16 | $10,038 | $10,190 | $10,042 |
|---|
Jul 16 | $10,072 | $10,256 | $10,079 |
|---|
Aug 16 | $10,110 | $10,242 | $10,134 |
|---|
Sep 16 | $10,107 | $10,234 | $10,140 |
|---|
Oct 16 | $10,126 | $10,150 | $10,161 |
|---|
Nov 16 | $10,145 | $9,908 | $10,187 |
|---|
Dec 16 | $10,156 | $9,919 | $10,219 |
|---|
Jan 17 | $10,195 | $9,942 | $10,245 |
|---|
Feb 17 | $10,240 | $10,009 | $10,294 |
|---|
Mar 17 | $10,263 | $10,005 | $10,318 |
|---|
Apr 17 | $10,280 | $10,081 | $10,338 |
|---|
May 17 | $10,297 | $10,160 | $10,361 |
|---|
Jun 17 | $10,320 | $10,151 | $10,388 |
|---|
Jul 17 | $10,347 | $10,193 | $10,417 |
|---|
Aug 17 | $10,358 | $10,289 | $10,431 |
|---|
Sep 17 | $10,386 | $10,236 | $10,460 |
|---|
Oct 17 | $10,422 | $10,243 | $10,498 |
|---|
Nov 17 | $10,442 | $10,230 | $10,518 |
|---|
Dec 17 | $10,443 | $10,277 | $10,538 |
|---|
Jan 18 | $10,505 | $10,158 | $10,588 |
|---|
Feb 18 | $10,513 | $10,063 | $10,594 |
|---|
Mar 18 | $10,493 | $10,128 | $10,579 |
|---|
Apr 18 | $10,547 | $10,054 | $10,634 |
|---|
May 18 | $10,555 | $10,125 | $10,645 |
|---|
Jun 18 | $10,565 | $10,114 | $10,656 |
|---|
Jul 18 | $10,605 | $10,115 | $10,700 |
|---|
Aug 18 | $10,635 | $10,181 | $10,732 |
|---|
Sep 18 | $10,661 | $10,116 | $10,754 |
|---|
Oct 18 | $10,656 | $10,037 | $10,755 |
|---|
Nov 18 | $10,592 | $10,095 | $10,693 |
|---|
Dec 18 | $10,498 | $10,282 | $10,627 |
|---|
Jan 19 | $10,660 | $10,387 | $10,763 |
|---|
Feb 19 | $10,720 | $10,386 | $10,821 |
|---|
Mar 19 | $10,766 | $10,589 | $10,872 |
|---|
Apr 19 | $10,832 | $10,591 | $10,941 |
|---|
May 19 | $10,848 | $10,783 | $10,961 |
|---|
Jun 19 | $10,884 | $10,923 | $10,996 |
|---|
Jul 19 | $10,933 | $10,952 | $11,049 |
|---|
Aug 19 | $10,946 | $11,249 | $11,063 |
|---|
Sep 19 | $10,981 | $11,182 | $11,100 |
|---|
Oct 19 | $11,028 | $11,212 | $11,150 |
|---|
Nov 19 | $11,061 | $11,207 | $11,183 |
|---|
Dec 19 | $11,068 | $11,195 | $11,218 |
|---|
Jan 20 | $11,140 | $11,422 | $11,269 |
|---|
Feb 20 | $11,145 | $11,630 | $11,277 |
|---|
Mar 20 | $10,499 | $11,547 | $10,618 |
|---|
Apr 20 | $10,860 | $11,749 | $10,993 |
|---|
May 20 | $10,969 | $11,809 | $11,108 |
|---|
Jun 20 | $11,085 | $11,888 | $11,233 |
|---|
Jul 20 | $11,149 | $12,072 | $11,301 |
|---|
Aug 20 | $11,192 | $11,972 | $11,347 |
|---|
Sep 20 | $11,196 | $11,971 | $11,352 |
|---|
Oct 20 | $11,212 | $11,911 | $11,371 |
|---|
Nov 20 | $11,241 | $12,028 | $11,402 |
|---|
Dec 20 | $11,251 | $12,042 | $11,422 |
|---|
Jan 21 | $11,290 | $11,947 | $11,454 |
|---|
Feb 21 | $11,310 | $11,734 | $11,476 |
|---|
Mar 21 | $11,291 | $11,610 | $11,460 |
|---|
Apr 21 | $11,302 | $11,710 | $11,472 |
|---|
May 21 | $11,320 | $11,745 | $11,491 |
|---|
Jun 21 | $11,332 | $11,845 | $11,504 |
|---|
Jul 21 | $11,336 | $11,972 | $11,510 |
|---|
Aug 21 | $11,340 | $11,956 | $11,516 |
|---|
Sep 21 | $11,347 | $11,841 | $11,524 |
|---|
Oct 21 | $11,341 | $11,844 | $11,520 |
|---|
Nov 21 | $11,330 | $11,890 | $11,509 |
|---|
Dec 21 | $11,326 | $11,852 | $11,503 |
|---|
Jan 22 | $11,331 | $11,603 | $11,514 |
|---|
Feb 22 | $11,314 | $11,456 | $11,498 |
|---|
Mar 22 | $11,261 | $11,135 | $11,445 |
|---|
Apr 22 | $11,252 | $10,726 | $11,439 |
|---|
May 22 | $11,228 | $10,772 | $11,411 |
|---|
Jun 22 | $11,132 | $10,628 | $11,311 |
|---|
Jul 22 | $11,163 | $10,873 | $11,338 |
|---|
Aug 22 | $11,247 | $10,578 | $11,421 |
|---|
Sep 22 | $11,261 | $10,112 | $11,432 |
|---|
Oct 22 | $11,258 | $9,974 | $11,424 |
|---|
Nov 22 | $11,321 | $10,335 | $11,481 |
|---|
Dec 22 | $11,403 | $10,292 | $11,559 |
|---|
Jan 23 | $11,549 | $10,601 | $11,709 |
|---|
Feb 23 | $11,642 | $10,335 | $11,801 |
|---|
Mar 23 | $11,562 | $10,597 | $11,726 |
|---|
Apr 23 | $11,658 | $10,665 | $11,816 |
|---|
May 23 | $11,762 | $10,549 | $11,920 |
|---|
Jun 23 | $11,845 | $10,511 | $12,006 |
|---|
Jul 23 | $11,931 | $10,502 | $12,094 |
|---|
Aug 23 | $11,991 | $10,436 | $12,153 |
|---|
Sep 23 | $12,052 | $10,177 | $12,213 |
|---|
Oct 23 | $12,093 | $10,019 | $12,255 |
|---|
Nov 23 | $12,161 | $10,459 | $12,325 |
|---|
Dec 23 | $12,251 | $10,847 | $12,414 |
|---|
Jan 24 | $12,360 | $10,834 | $12,528 |
|---|
Feb 24 | $12,454 | $10,685 | $12,622 |
|---|
Mar 24 | $12,544 | $10,775 | $12,708 |
|---|
Apr 24 | $12,604 | $10,515 | $12,777 |
|---|
May 24 | $12,681 | $10,694 | $12,861 |
|---|
Jun 24 | $12,738 | $10,796 | $12,919 |
|---|
Jul 24 | $12,804 | $11,046 | $12,987 |
|---|
Aug 24 | $12,855 | $11,203 | $13,036 |
|---|
Sep 24 | $12,930 | $11,353 | $13,115 |
|---|
Oct 24 | $13,004 | $11,076 | $13,190 |
|---|
Nov 24 | $13,068 | $11,187 | $13,253 |
|---|
Dec 24 | $13,134 | $11,006 | $13,323 |
|---|
Jan 25 | $13,192 | $11,069 | $13,384 |
|---|
Feb 25 | $13,261 | $11,309 | $13,454 |
|---|
Mar 25 | $13,302 | $11,313 | $13,496 |
|---|
Apr 25 | $13,287 | $11,355 | $13,481 |
|---|
May 25 | $13,379 | $11,274 | $13,575 |
|---|
Jun 25 | $13,454 | $11,446 | $13,652 |
|---|
Jul 25 | $13,538 | $11,422 | $13,739 |
|---|
Aug 25 | $13,607 | $11,556 | $13,810 |
|---|
Sep 25 | $13,665 | $11,681 | $13,869 |
|---|
Oct 25 | $13,721 | $11,755 | $13,927 |
|---|
Nov 25 | $13,720 | $11,827 | $13,983 |
|---|
Dec 25 | $13,832 | $11,793 | $14,042 |
|---|
Jan 26 | $13,899 | $11,822 | $14,112 |
|---|
Feb 26 | $13,951 | $12,012 | $14,163 |
|---|
Mar 26 | $13,953 | $11,800 | $14,169 |
|---|
Apr 26 | $14,023 | $11,819 | $14,241 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck IG Floating Rate ETF | 5.54% | 4.41% | 3.44% |
|---|
MVIS® US Investment Grade Floating Rate Index | 5.64% | 4.42% | 3.60% |
|---|
ICE BofA US Broad Market Index | 4.08% | 0.18% | 1.68% |
|---|
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$2,667,711,445
- Number of Portfolio Holdings449
- Portfolio Turnover Rate75%
- Management Fees Paid$3,548,446
What did the Fund invest in?
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 0.8% |
Other Investments | | 1.0% |
Consumer Non-Cyclicals | | 1.0% |
Energy | | 2.0% |
Technology | | 2.2% |
Industrials | | 2.3% |
Healthcare | | 2.9% |
Consumer Cyclicals | | 5.2% |
Financials | | 82.6% |
Top Ten Holdings (% of Total Net Assets)
Table SummaryCommonwealth Bank of Australia, 4.46%, 3/14/2030 | | 1.3% |
|---|
HSBC Holdings PLC, 5.24%, 5/13/2031 | | 1.1% |
|---|
HSBC Holdings PLC, 4.87%, 3/10/2032 | | 1.0% |
|---|
Mitsubishi UFJ Financial Group, Inc., 4.78%, 9/12/2031 | | 0.9% |
|---|
Sumitomo Mitsui Trust Bank Ltd., 4.64%, 3/13/2030 | | 0.9% |
|---|
Abbott Laboratories, 4.15%, 3/9/2029 | | 0.9% |
|---|
Amazon.com, Inc., 4.24%, 3/13/2029 | | 0.9% |
|---|
Sumitomo Mitsui Financial Group, Inc., 4.84%, 7/8/2031 | | 0.8% |
|---|
Australia & New Zealand Banking Group Ltd., 4.50%, 12/16/2029 | | 0.7% |
|---|
Commonwealth Bank of Australia, 4.28%, 3/27/2029 | | 0.7% |
|---|
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck Intermediate Muni ETF
Ticker: ITM | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Intermediate Muni ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Intermediate Muni ETF | $19 | 0.18% |
|---|
How did the Fund perform last year?
Intermediate municipal bonds delivered positive returns over the reporting period, benefiting from elevated income, improving demand for duration as the Federal Reserve rate cuts took hold, and resilient investment grade credit fundamentals. The intermediate segment offered an attractive balance between income and price appreciation throughout the period.
Securities from New York, California, and Texas were the largest contributors to the Fund’s performance, reflecting their dominant combined weight in the portfolio. No state detracted from performance, consistent with the broadly positive return environment across investment grade municipal issuers.
The Fund’s exposure to Local General Obligations, State General Obligations, and Tax bonds contributed the most to performance, reflecting their large combined allocation. All sector exposures contributed positively, with no detractors from performance.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE US Broad Municipal Index | ICE Intermediate AMT-Free Broad National Municipal Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $10,006 | $10,031 | $10,012 |
|---|
Jun 16 | $10,192 | $10,194 | $10,209 |
|---|
Jul 16 | $10,194 | $10,189 | $10,208 |
|---|
Aug 16 | $10,212 | $10,212 | $10,218 |
|---|
Sep 16 | $10,172 | $10,163 | $10,175 |
|---|
Oct 16 | $10,045 | $10,068 | $10,024 |
|---|
Nov 16 | $9,545 | $9,701 | $9,521 |
|---|
Dec 16 | $9,650 | $9,807 | $9,684 |
|---|
Jan 17 | $9,723 | $9,857 | $9,746 |
|---|
Feb 17 | $9,783 | $9,921 | $9,817 |
|---|
Mar 17 | $9,817 | $9,943 | $9,848 |
|---|
Apr 17 | $9,920 | $10,015 | $9,951 |
|---|
May 17 | $10,107 | $10,163 | $10,152 |
|---|
Jun 17 | $10,059 | $10,140 | $10,104 |
|---|
Jul 17 | $10,143 | $10,214 | $10,200 |
|---|
Aug 17 | $10,246 | $10,300 | $10,287 |
|---|
Sep 17 | $10,181 | $10,261 | $10,227 |
|---|
Oct 17 | $10,216 | $10,280 | $10,256 |
|---|
Nov 17 | $10,142 | $10,236 | $10,176 |
|---|
Dec 17 | $10,249 | $10,338 | $10,320 |
|---|
Jan 18 | $10,086 | $10,229 | $10,133 |
|---|
Feb 18 | $10,020 | $10,185 | $10,085 |
|---|
Mar 18 | $10,068 | $10,219 | $10,133 |
|---|
Apr 18 | $10,023 | $10,180 | $10,104 |
|---|
May 18 | $10,150 | $10,299 | $10,229 |
|---|
Jun 18 | $10,140 | $10,311 | $10,231 |
|---|
Jul 18 | $10,173 | $10,335 | $10,262 |
|---|
Aug 18 | $10,189 | $10,351 | $10,292 |
|---|
Sep 18 | $10,123 | $10,285 | $10,215 |
|---|
Oct 18 | $10,026 | $10,211 | $10,136 |
|---|
Nov 18 | $10,179 | $10,324 | $10,286 |
|---|
Dec 18 | $10,315 | $10,445 | $10,441 |
|---|
Jan 19 | $10,447 | $10,523 | $10,557 |
|---|
Feb 19 | $10,514 | $10,579 | $10,623 |
|---|
Mar 19 | $10,682 | $10,733 | $10,819 |
|---|
Apr 19 | $10,723 | $10,772 | $10,858 |
|---|
May 19 | $10,915 | $10,920 | $11,041 |
|---|
Jun 19 | $10,959 | $10,965 | $11,083 |
|---|
Jul 19 | $11,061 | $11,049 | $11,192 |
|---|
Aug 19 | $11,261 | $11,209 | $11,407 |
|---|
Sep 19 | $11,144 | $11,131 | $11,279 |
|---|
Oct 19 | $11,143 | $11,145 | $11,289 |
|---|
Nov 19 | $11,156 | $11,164 | $11,317 |
|---|
Dec 19 | $11,163 | $11,198 | $11,363 |
|---|
Jan 20 | $11,438 | $11,385 | $11,624 |
|---|
Feb 20 | $11,600 | $11,527 | $11,798 |
|---|
Mar 20 | $11,172 | $11,154 | $11,318 |
|---|
Apr 20 | $10,980 | $11,009 | $11,146 |
|---|
May 20 | $11,401 | $11,343 | $11,582 |
|---|
Jun 20 | $11,475 | $11,429 | $11,680 |
|---|
Jul 20 | $11,674 | $11,594 | $11,926 |
|---|
Aug 20 | $11,616 | $11,560 | $11,837 |
|---|
Sep 20 | $11,592 | $11,558 | $11,839 |
|---|
Oct 20 | $11,560 | $11,536 | $11,792 |
|---|
Nov 20 | $11,748 | $11,691 | $12,017 |
|---|
Dec 20 | $11,794 | $11,758 | $12,099 |
|---|
Jan 21 | $11,891 | $11,823 | $12,178 |
|---|
Feb 21 | $11,638 | $11,651 | $11,917 |
|---|
Mar 21 | $11,705 | $11,714 | $12,000 |
|---|
Apr 21 | $11,814 | $11,813 | $12,125 |
|---|
May 21 | $11,856 | $11,857 | $12,162 |
|---|
Jun 21 | $11,882 | $11,889 | $12,195 |
|---|
Jul 21 | $11,988 | $11,972 | $12,331 |
|---|
Aug 21 | $11,935 | $11,935 | $12,278 |
|---|
Sep 21 | $11,809 | $11,852 | $12,149 |
|---|
Oct 21 | $11,773 | $11,840 | $12,093 |
|---|
Nov 21 | $11,887 | $11,927 | $12,223 |
|---|
Dec 21 | $11,902 | $11,942 | $12,253 |
|---|
Jan 22 | $11,495 | $11,648 | $11,826 |
|---|
Feb 22 | $11,431 | $11,590 | $11,786 |
|---|
Mar 22 | $11,006 | $11,268 | $11,347 |
|---|
Apr 22 | $10,633 | $10,967 | $10,960 |
|---|
May 22 | $10,824 | $11,126 | $11,156 |
|---|
Jun 22 | $10,625 | $10,941 | $10,953 |
|---|
Jul 22 | $10,962 | $11,213 | $11,297 |
|---|
Aug 22 | $10,698 | $10,953 | $11,034 |
|---|
Sep 22 | $10,283 | $10,578 | $10,610 |
|---|
Oct 22 | $10,238 | $10,504 | $10,558 |
|---|
Nov 22 | $10,718 | $10,988 | $11,065 |
|---|
Dec 22 | $10,753 | $10,985 | $11,102 |
|---|
Jan 23 | $11,052 | $11,291 | $11,420 |
|---|
Feb 23 | $10,800 | $11,036 | $11,164 |
|---|
Mar 23 | $11,034 | $11,269 | $11,404 |
|---|
Apr 23 | $11,015 | $11,252 | $11,388 |
|---|
May 23 | $10,895 | $11,167 | $11,269 |
|---|
Jun 23 | $10,983 | $11,262 | $11,359 |
|---|
Jul 23 | $11,013 | $11,289 | $11,391 |
|---|
Aug 23 | $10,883 | $11,164 | $11,257 |
|---|
Sep 23 | $10,580 | $10,870 | $10,939 |
|---|
Oct 23 | $10,464 | $10,751 | $10,830 |
|---|
Nov 23 | $11,081 | $11,383 | $11,478 |
|---|
Dec 23 | $11,359 | $11,644 | $11,772 |
|---|
Jan 24 | $11,325 | $11,619 | $11,738 |
|---|
Feb 24 | $11,328 | $11,622 | $11,744 |
|---|
Mar 24 | $11,313 | $11,611 | $11,734 |
|---|
Apr 24 | $11,178 | $11,490 | $11,586 |
|---|
May 24 | $11,096 | $11,460 | $11,501 |
|---|
Jun 24 | $11,263 | $11,636 | $11,683 |
|---|
Jul 24 | $11,352 | $11,732 | $11,781 |
|---|
Aug 24 | $11,444 | $11,823 | $11,882 |
|---|
Sep 24 | $11,558 | $11,940 | $12,000 |
|---|
Oct 24 | $11,378 | $11,783 | $11,809 |
|---|
Nov 24 | $11,556 | $11,963 | $11,996 |
|---|
Dec 24 | $11,423 | $11,826 | $11,858 |
|---|
Jan 25 | $11,487 | $11,859 | $11,919 |
|---|
Feb 25 | $11,619 | $11,978 | $12,059 |
|---|
Mar 25 | $11,396 | $11,783 | $11,825 |
|---|
Apr 25 | $11,338 | $11,721 | $11,768 |
|---|
May 25 | $11,361 | $11,702 | $11,791 |
|---|
Jun 25 | $11,463 | $11,788 | $11,896 |
|---|
Jul 25 | $11,457 | $11,760 | $11,889 |
|---|
Aug 25 | $11,564 | $11,860 | $12,002 |
|---|
Sep 25 | $11,806 | $12,131 | $12,264 |
|---|
Oct 25 | $11,961 | $12,259 | $12,429 |
|---|
Nov 25 | $11,968 | $12,292 | $12,467 |
|---|
Dec 25 | $12,030 | $12,311 | $12,500 |
|---|
Jan 26 | $12,155 | $12,400 | $12,635 |
|---|
Feb 26 | $12,304 | $12,553 | $12,786 |
|---|
Mar 26 | $11,952 | $12,288 | $12,416 |
|---|
Apr 26 | $12,082 | $12,418 | $12,555 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck Intermediate Muni ETF | 6.56% | 0.45% | 1.91% |
|---|
ICE Intermediate AMT-Free Broad National Municipal Index | 6.69% | 0.70% | 2.30% |
|---|
ICE US Broad Municipal Index | 5.95% | 1.00% | 2.19% |
|---|
From December 1, 2022 forward, the index data reflects that of the Fund's underlying index, ICE Intermediate AMT-Free Broad National Municipal Index. Index data from March 1, 2022 to November 30, 2022 reflects the ICE Intermediate AMT-Free Broad National Municipal Transition Index. Index data prior to March 1,2022 reflects that of the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$2,169,875,966
- Number of Portfolio Holdings1,364
- Portfolio Turnover Rate10%
- Management Fees Paid$3,673,848
What did the Fund invest in?
Top Ten Holdings (% of Total Net Assets)
Table SummaryNew Jersey Educational Facilities Authority, 5.00%, 7/1/2064 | | 0.5% |
|---|
California Community Choice Financing Authority, Clean Energy Project, 5.00%, 8/1/2055 | | 0.5% |
|---|
State of California, Various Purpose, 4.00%, 3/1/2036 | | 0.4% |
|---|
California Community Choice Financing Authority, Clean Energy Project, 5.00%, 2/1/2055 | | 0.4% |
|---|
Connecticut State Health & Educational Facilities Authority, 5.00%, 7/1/2064 | | 0.4% |
|---|
California Community Choice Financing Authority, Clean Energy Project, 5.00%, 1/1/2056 | | 0.4% |
|---|
State of California, Various Purpose, 5.25%, 8/1/2032 | | 0.3% |
|---|
New York City Municipal Water Finance Authority, 5.00%, 6/15/2034 | | 0.3% |
|---|
California Housing Finance Agency, 3.75%, 3/25/2035 | | 0.3% |
|---|
Southeast Energy Authority, Cooperative District Gas Supply, 5.25%, 11/1/2055 | | 0.3% |
|---|
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 2.0% |
Other Investments | | 1.5% |
Single Family Housing | | 1.1% |
Airport | | 1.4% |
Multi-Family Housing | | 1.8% |
Miscellaneous | | 2.4% |
Leasing COPS & Appropriations | | 3.4% |
Toll & Turnpike | | 5.2% |
Transportation | | 5.2% |
Utilities | | 5.2% |
Water & Sewer | | 6.7% |
Power | | 6.9% |
Hospitals | | 7.6% |
Education | | 7.9% |
State GO | | 13.3% |
Local GO | | 14.1% |
Tax | | 14.3% |
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
Ticker: MLN | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Long Muni ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Long Muni ETF | $25 | 0.24% |
|---|
How did the Fund perform last year?
Long maturity municipal bonds outperformed their short and intermediate duration counterparts over the reporting period. Record issuance elevated yields and created attractive entry points early in the period, while Federal Reserve rate cuts drove price appreciation across long-duration tax-exempt bonds in the second half. Securities from New York, California, and Texas were the largest contributors to the Fund’s performance, reflecting their dominant combined weight in the portfolio. Returns were positive across virtually all state exposures, and no state detracted materially from performance.
The Fund’s exposure to Local General Obligations, Tax, and Hospital bonds contributed the most to performance over the reporting period, driven by their significant allocation weights and strong absolute returns. All sector exposures contributed positively, with no detractors from performance.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE US Broad Municipal Index | ICE Long AMT-Free Broad National Municipal Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $10,093 | $10,031 | $10,092 |
|---|
Jun 16 | $10,364 | $10,194 | $10,372 |
|---|
Jul 16 | $10,343 | $10,189 | $10,352 |
|---|
Aug 16 | $10,374 | $10,212 | $10,390 |
|---|
Sep 16 | $10,294 | $10,163 | $10,287 |
|---|
Oct 16 | $10,126 | $10,068 | $10,088 |
|---|
Nov 16 | $9,554 | $9,701 | $9,528 |
|---|
Dec 16 | $9,654 | $9,807 | $9,722 |
|---|
Jan 17 | $9,731 | $9,857 | $9,761 |
|---|
Feb 17 | $9,787 | $9,921 | $9,835 |
|---|
Mar 17 | $9,820 | $9,943 | $9,864 |
|---|
Apr 17 | $9,901 | $10,015 | $9,945 |
|---|
May 17 | $10,122 | $10,163 | $10,191 |
|---|
Jun 17 | $10,102 | $10,140 | $10,160 |
|---|
Jul 17 | $10,203 | $10,214 | $10,270 |
|---|
Aug 17 | $10,295 | $10,300 | $10,377 |
|---|
Sep 17 | $10,239 | $10,261 | $10,306 |
|---|
Oct 17 | $10,305 | $10,280 | $10,361 |
|---|
Nov 17 | $10,314 | $10,236 | $10,382 |
|---|
Dec 17 | $10,482 | $10,338 | $10,566 |
|---|
Jan 18 | $10,281 | $10,229 | $10,341 |
|---|
Feb 18 | $10,195 | $10,185 | $10,288 |
|---|
Mar 18 | $10,276 | $10,219 | $10,373 |
|---|
Apr 18 | $10,200 | $10,180 | $10,307 |
|---|
May 18 | $10,381 | $10,299 | $10,494 |
|---|
Jun 18 | $10,371 | $10,311 | $10,475 |
|---|
Jul 18 | $10,360 | $10,335 | $10,475 |
|---|
Aug 18 | $10,381 | $10,351 | $10,516 |
|---|
Sep 18 | $10,266 | $10,285 | $10,413 |
|---|
Oct 18 | $10,123 | $10,211 | $10,284 |
|---|
Nov 18 | $10,273 | $10,324 | $10,430 |
|---|
Dec 18 | $10,405 | $10,445 | $10,590 |
|---|
Jan 19 | $10,485 | $10,523 | $10,653 |
|---|
Feb 19 | $10,561 | $10,579 | $10,727 |
|---|
Mar 19 | $10,848 | $10,733 | $11,043 |
|---|
Apr 19 | $10,929 | $10,772 | $11,135 |
|---|
May 19 | $11,143 | $10,920 | $11,353 |
|---|
Jun 19 | $11,186 | $10,965 | $11,382 |
|---|
Jul 19 | $11,273 | $11,049 | $11,489 |
|---|
Aug 19 | $11,561 | $11,209 | $11,807 |
|---|
Sep 19 | $11,459 | $11,131 | $11,695 |
|---|
Oct 19 | $11,453 | $11,145 | $11,691 |
|---|
Nov 19 | $11,472 | $11,164 | $11,726 |
|---|
Dec 19 | $11,454 | $11,198 | $11,757 |
|---|
Jan 20 | $11,769 | $11,385 | $12,062 |
|---|
Feb 20 | $12,036 | $11,527 | $12,332 |
|---|
Mar 20 | $11,456 | $11,154 | $11,664 |
|---|
Apr 20 | $11,121 | $11,009 | $11,348 |
|---|
May 20 | $11,588 | $11,343 | $11,853 |
|---|
Jun 20 | $11,736 | $11,429 | $12,011 |
|---|
Jul 20 | $11,992 | $11,594 | $12,309 |
|---|
Aug 20 | $11,906 | $11,560 | $12,200 |
|---|
Sep 20 | $11,876 | $11,558 | $12,181 |
|---|
Oct 20 | $11,835 | $11,536 | $12,122 |
|---|
Nov 20 | $12,117 | $11,691 | $12,439 |
|---|
Dec 20 | $12,184 | $11,758 | $12,554 |
|---|
Jan 21 | $12,326 | $11,823 | $12,677 |
|---|
Feb 21 | $11,985 | $11,651 | $12,342 |
|---|
Mar 21 | $12,088 | $11,714 | $12,469 |
|---|
Apr 21 | $12,267 | $11,813 | $12,653 |
|---|
May 21 | $12,359 | $11,857 | $12,744 |
|---|
Jun 21 | $12,425 | $11,889 | $12,825 |
|---|
Jul 21 | $12,533 | $11,972 | $12,973 |
|---|
Aug 21 | $12,445 | $11,935 | $12,860 |
|---|
Sep 21 | $12,290 | $11,852 | $12,717 |
|---|
Oct 21 | $12,275 | $11,840 | $12,676 |
|---|
Nov 21 | $12,475 | $11,927 | $12,906 |
|---|
Dec 21 | $12,502 | $11,942 | $12,931 |
|---|
Jan 22 | $12,014 | $11,648 | $12,440 |
|---|
Feb 22 | $11,890 | $11,590 | $12,379 |
|---|
Mar 22 | $11,280 | $11,268 | $11,785 |
|---|
Apr 22 | $10,640 | $10,967 | $11,181 |
|---|
May 22 | $10,892 | $11,126 | $11,434 |
|---|
Jun 22 | $10,431 | $10,941 | $10,982 |
|---|
Jul 22 | $10,853 | $11,213 | $11,421 |
|---|
Aug 22 | $10,392 | $10,953 | $10,954 |
|---|
Sep 22 | $9,807 | $10,578 | $10,356 |
|---|
Oct 22 | $9,625 | $10,504 | $10,176 |
|---|
Nov 22 | $10,383 | $10,988 | $10,969 |
|---|
Dec 22 | $10,312 | $10,985 | $10,894 |
|---|
Jan 23 | $10,745 | $11,291 | $11,365 |
|---|
Feb 23 | $10,381 | $11,036 | $10,988 |
|---|
Mar 23 | $10,689 | $11,269 | $11,309 |
|---|
Apr 23 | $10,683 | $11,252 | $11,313 |
|---|
May 23 | $10,602 | $11,167 | $11,232 |
|---|
Jun 23 | $10,729 | $11,262 | $11,370 |
|---|
Jul 23 | $10,748 | $11,289 | $11,400 |
|---|
Aug 23 | $10,526 | $11,164 | $11,169 |
|---|
Sep 23 | $10,081 | $10,870 | $10,700 |
|---|
Oct 23 | $9,848 | $10,751 | $10,458 |
|---|
Nov 23 | $10,780 | $11,383 | $11,448 |
|---|
Dec 23 | $11,116 | $11,644 | $11,823 |
|---|
Jan 24 | $11,089 | $11,619 | $11,793 |
|---|
Feb 24 | $11,073 | $11,622 | $11,776 |
|---|
Mar 24 | $11,053 | $11,611 | $11,754 |
|---|
Apr 24 | $10,898 | $11,490 | $11,578 |
|---|
May 24 | $10,914 | $11,460 | $11,596 |
|---|
Jun 24 | $11,131 | $11,636 | $11,847 |
|---|
Jul 24 | $11,224 | $11,732 | $11,952 |
|---|
Aug 24 | $11,281 | $11,823 | $12,021 |
|---|
Sep 24 | $11,439 | $11,940 | $12,189 |
|---|
Oct 24 | $11,249 | $11,783 | $11,981 |
|---|
Nov 24 | $11,510 | $11,963 | $12,262 |
|---|
Dec 24 | $11,290 | $11,826 | $12,029 |
|---|
Jan 25 | $11,263 | $11,859 | $11,999 |
|---|
Feb 25 | $11,395 | $11,978 | $12,141 |
|---|
Mar 25 | $11,119 | $11,783 | $11,829 |
|---|
Apr 25 | $11,006 | $11,721 | $11,720 |
|---|
May 25 | $10,862 | $11,702 | $11,573 |
|---|
Jun 25 | $10,918 | $11,788 | $11,636 |
|---|
Jul 25 | $10,786 | $11,760 | $11,507 |
|---|
Aug 25 | $10,899 | $11,860 | $11,619 |
|---|
Sep 25 | $11,328 | $12,131 | $12,088 |
|---|
Oct 25 | $11,522 | $12,259 | $12,284 |
|---|
Nov 25 | $11,506 | $12,292 | $12,311 |
|---|
Dec 25 | $11,528 | $12,311 | $12,296 |
|---|
Jan 26 | $11,567 | $12,400 | $12,340 |
|---|
Feb 26 | $11,785 | $12,553 | $12,572 |
|---|
Mar 26 | $11,528 | $12,288 | $12,295 |
|---|
Apr 26 | $11,707 | $12,418 | $12,492 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck Long Muni ETF | 6.37% | (0.93)% | 1.59% |
|---|
ICE Long AMT-Free Broad National Municipal Index | 6.58% | (0.26)% | 2.25% |
|---|
ICE US Broad Municipal Index | 5.95% | 1.00% | 2.19% |
|---|
From December 1, 2022 forward, the index data reflects that of the Fund's underlying index, ICE Long AMT-Free Broad National Municipal Index. Index data from March 1, 2022 to November 30, 2022 reflects that of the ICE Long AMT-Free Broad National Municipal Transition Index. Index data prior to March 1, 2022 reflects that of the Bloomberg Barclays AMT-Free Long Continuous Municipal Index.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$701,017,891
- Number of Portfolio Holdings680
- Portfolio Turnover Rate7%
- Management Fees Paid$1,440,227
What did the Fund invest in?
Top Ten Holdings (% of Total Net Assets)
Table SummaryCity of New York, 5.00%, 9/1/2048 | | 0.7% |
|---|
City of Houston, Texas, Convention & Entertainment Facilities Department, 5.50%, 9/1/2058 | | 0.7% |
|---|
Salt River Project Agricultural Improvement & Power District, Electric Project, 5.25%, 1/1/2055 | | 0.5% |
|---|
Washington State Housing Finance Commission, Blakeley and Laurel Village, 5.25%, 7/1/2055 | | 0.5% |
|---|
North Carolina Turnpike Authority, Triangle Expressway System, 5.00%, 1/1/2058 | | 0.5% |
|---|
Texas Transportation Finance Corp., 5.50%, 10/1/2055 | | 0.5% |
|---|
City of Los Angeles, Department of Airports, 5.25%, 5/15/2051 | | 0.5% |
|---|
State of Ohio, 5.00%, 5/1/2045 | | 0.5% |
|---|
New York State Dormitory Authority, 5.00%, 3/15/2045 | | 0.5% |
|---|
City of New York, 5.00%, 10/1/2045 | | 0.5% |
|---|
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 1.8% |
Other Investments | | 1.9% |
Multi-Family Housing | | 1.4% |
Miscellaneous | | 2.2% |
Utilities | | 2.8% |
Airport | | 3.1% |
Power | | 3.8% |
Leasing COPS & Appropriations | | 4.2% |
Transportation | | 4.4% |
Toll & Turnpike | | 5.7% |
Single Family Housing | | 5.8% |
State GO | | 6.2% |
Education | | 6.6% |
Water & Sewer | | 9.1% |
Hospitals | | 11.9% |
Tax | | 14.5% |
Local GO | | 14.6% |
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck Moody's Analytics BBB Corporate Bond ETF
Ticker: MBBB | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Moody's Analytics BBB Corporate Bond ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Moody's Analytics BBB Corporate Bond ETF | $26 | 0.25% |
|---|
How did the Fund perform last year?
BBB-rated corporate bonds had a positive return during the period primarily driven by coupon income and tighter spreads.
The Banking sector was the largest contributor to performance, followed by Consumer Goods and Telecom. The Tech sector detracted slightly from performance.
All maturity bands contributed positively to performance, with bonds in the 3-5 year maturity range contributing the most to performance.
How did the Fund perform since inception?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV since inception (12/1/2020).
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE BofA US Broad Market Index | MVIS® Moody's Analytics US BBB Corporate Bond Index |
|---|
Dec 20 | $10,000 | $10,000 | $10,000 |
|---|
Dec 20 | $10,114 | $10,054 | $10,149 |
|---|
Jan 21 | $10,068 | $9,975 | $10,066 |
|---|
Feb 21 | $9,984 | $9,797 | $9,949 |
|---|
Mar 21 | $9,854 | $9,694 | $9,848 |
|---|
Apr 21 | $9,970 | $9,777 | $9,962 |
|---|
May 21 | $10,045 | $9,807 | $10,044 |
|---|
Jun 21 | $10,193 | $9,890 | $10,202 |
|---|
Jul 21 | $10,314 | $9,996 | $10,317 |
|---|
Aug 21 | $10,291 | $9,982 | $10,306 |
|---|
Sep 21 | $10,206 | $9,887 | $10,216 |
|---|
Oct 21 | $10,193 | $9,889 | $10,217 |
|---|
Nov 21 | $10,174 | $9,928 | $10,206 |
|---|
Dec 21 | $10,173 | $9,895 | $10,199 |
|---|
Jan 22 | $9,855 | $9,688 | $9,862 |
|---|
Feb 22 | $9,577 | $9,565 | $9,577 |
|---|
Mar 22 | $9,335 | $9,297 | $9,286 |
|---|
Apr 22 | $8,877 | $8,956 | $8,833 |
|---|
May 22 | $8,936 | $8,994 | $8,891 |
|---|
Jun 22 | $8,667 | $8,874 | $8,633 |
|---|
Jul 22 | $8,922 | $9,079 | $8,894 |
|---|
Aug 22 | $8,702 | $8,832 | $8,674 |
|---|
Sep 22 | $8,280 | $8,443 | $8,226 |
|---|
Oct 22 | $8,220 | $8,327 | $8,167 |
|---|
Nov 22 | $8,642 | $8,629 | $8,592 |
|---|
Dec 22 | $8,645 | $8,593 | $8,598 |
|---|
Jan 23 | $9,027 | $8,851 | $8,969 |
|---|
Feb 23 | $8,740 | $8,630 | $8,685 |
|---|
Mar 23 | $8,961 | $8,848 | $8,942 |
|---|
Apr 23 | $9,028 | $8,905 | $9,009 |
|---|
May 23 | $8,917 | $8,808 | $8,901 |
|---|
Jun 23 | $8,961 | $8,776 | $8,952 |
|---|
Jul 23 | $9,025 | $8,768 | $9,022 |
|---|
Aug 23 | $8,964 | $8,714 | $8,965 |
|---|
Sep 23 | $8,769 | $8,497 | $8,765 |
|---|
Oct 23 | $8,607 | $8,366 | $8,604 |
|---|
Nov 23 | $9,124 | $8,733 | $9,135 |
|---|
Dec 23 | $9,493 | $9,056 | $9,501 |
|---|
Jan 24 | $9,522 | $9,046 | $9,530 |
|---|
Feb 24 | $9,380 | $8,922 | $9,391 |
|---|
Mar 24 | $9,507 | $8,997 | $9,526 |
|---|
Apr 24 | $9,300 | $8,780 | $9,316 |
|---|
May 24 | $9,489 | $8,929 | $9,512 |
|---|
Jun 24 | $9,544 | $9,014 | $9,566 |
|---|
Jul 24 | $9,780 | $9,223 | $9,802 |
|---|
Aug 24 | $9,932 | $9,354 | $9,955 |
|---|
Sep 24 | $10,109 | $9,480 | $10,136 |
|---|
Oct 24 | $9,894 | $9,248 | $9,923 |
|---|
Nov 24 | $10,031 | $9,341 | $10,058 |
|---|
Dec 24 | $9,865 | $9,190 | $9,886 |
|---|
Jan 25 | $9,917 | $9,243 | $9,946 |
|---|
Feb 25 | $10,114 | $9,443 | $10,144 |
|---|
Mar 25 | $10,080 | $9,446 | $10,110 |
|---|
Apr 25 | $10,083 | $9,481 | $10,108 |
|---|
May 25 | $10,111 | $9,413 | $10,144 |
|---|
Jun 25 | $10,290 | $9,557 | $10,327 |
|---|
Jul 25 | $10,294 | $9,537 | $10,334 |
|---|
Aug 25 | $10,399 | $9,649 | $10,434 |
|---|
Sep 25 | $10,547 | $9,753 | $10,595 |
|---|
Oct 25 | $10,561 | $9,815 | $10,609 |
|---|
Nov 25 | $10,582 | $9,875 | $10,672 |
|---|
Dec 25 | $10,596 | $9,847 | $10,643 |
|---|
Jan 26 | $10,631 | $9,871 | $10,686 |
|---|
Feb 26 | $10,757 | $10,030 | $10,805 |
|---|
Mar 26 | $10,532 | $9,852 | $10,588 |
|---|
Apr 26 | $10,599 | $9,868 | $10,658 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | Life* |
|---|
VanEck Moody's Analytics BBB Corporate Bond ETF | 5.11% | 1.23% | 1.08% |
|---|
MVIS® Moody's Analytics US BBB Corporate Bond Index | 5.44% | 1.36% | 1.19% |
|---|
ICE BofA US Broad Market Index | 4.08% | 0.18% | (0.25)% |
|---|
* Inception of Fund: 12/01/2020.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$8,559,287
- Number of Portfolio Holdings213
- Portfolio Turnover Rate60%
- Management Fees Paid$21,620
What did the Fund invest in?
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 1.5% |
Basic Materials | | 1.2% |
Healthcare | | 3.0% |
Industrials | | 4.3% |
Real Estate | | 4.8% |
Utilities | | 6.9% |
Energy | | 8.3% |
Consumer Non-Cyclicals | | 14.6% |
Consumer Cyclicals | | 15.1% |
Technology | | 19.5% |
Financials | | 20.8% |
Top Ten Holdings (% of Total Net Assets)
Table SummaryCharter Communications Operating LLC / Charter Communications Operating Capital, 6.48%, 10/23/2045 | | 1.6% |
|---|
McDonald's Corp., 2.12%, 3/1/2030 | | 1.6% |
|---|
Verizon Communications, Inc., 2.55%, 3/21/2031 | | 1.3% |
|---|
AT&T, Inc., 4.30%, 2/15/2030 | | 1.2% |
|---|
T-Mobile USA, Inc., 4.70%, 1/15/2035 | | 1.1% |
|---|
Marriott International, Inc., 3.50%, 10/15/2032 | | 1.1% |
|---|
Lowe's Cos, Inc., 2.62%, 4/1/2031 | | 1.1% |
|---|
Oracle Corp., 5.38%, 7/15/2040 | | 1.0% |
|---|
Pacific Gas and Electric Co., 4.50%, 7/1/2040 | | 1.0% |
|---|
Deutsche Telekom International Finance BV, 8.75%, 6/15/2030 | | 1.0% |
|---|
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck Moody's Analytics IG Corporate Bond ETF
Ticker: MIG | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Moody's Analytics IG Corporate Bond ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Moody's Analytics IG Corporate Bond ETF | $21 | 0.20% |
|---|
How did the Fund perform last year?
Investment-grade corporate bonds had a positive return during the period primarily driven by coupon income and tighter spreads.
The Banking sector was the largest contributor to performance, followed by Consumer Goods and Utility. No sector detracted from performance.
The Fund’s majority allocation to BBB bonds experienced strong returns and was a significant contributor to Fund performance.
All maturity bands contributed positively to performance, with the bonds in the 7-10 year maturity range contributing the most to performance.
How did the Fund perform since inception?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV since inception (12/1/2020).
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE BofA US Broad Market Index | MVIS® Moody's Analytics US Investment Grade Corporate Bond Index |
|---|
Dec 20 | $10,000 | $10,000 | $10,000 |
|---|
Dec 20 | $10,092 | $10,054 | $10,125 |
|---|
Jan 21 | $10,040 | $9,975 | $10,029 |
|---|
Feb 21 | $9,948 | $9,797 | $9,893 |
|---|
Mar 21 | $9,799 | $9,694 | $9,779 |
|---|
Apr 21 | $9,903 | $9,777 | $9,890 |
|---|
May 21 | $9,977 | $9,807 | $9,973 |
|---|
Jun 21 | $10,123 | $9,890 | $10,122 |
|---|
Jul 21 | $10,248 | $9,996 | $10,233 |
|---|
Aug 21 | $10,222 | $9,982 | $10,221 |
|---|
Sep 21 | $10,133 | $9,887 | $10,131 |
|---|
Oct 21 | $10,130 | $9,889 | $10,140 |
|---|
Nov 21 | $10,121 | $9,928 | $10,136 |
|---|
Dec 21 | $10,114 | $9,895 | $10,129 |
|---|
Jan 22 | $9,807 | $9,688 | $9,809 |
|---|
Feb 22 | $9,589 | $9,565 | $9,567 |
|---|
Mar 22 | $9,343 | $9,297 | $9,310 |
|---|
Apr 22 | $8,898 | $8,956 | $8,868 |
|---|
May 22 | $8,970 | $8,994 | $8,930 |
|---|
Jun 22 | $8,715 | $8,874 | $8,686 |
|---|
Jul 22 | $8,962 | $9,079 | $8,936 |
|---|
Aug 22 | $8,734 | $8,832 | $8,710 |
|---|
Sep 22 | $8,309 | $8,443 | $8,263 |
|---|
Oct 22 | $8,238 | $8,327 | $8,194 |
|---|
Nov 22 | $8,643 | $8,629 | $8,601 |
|---|
Dec 22 | $8,650 | $8,593 | $8,612 |
|---|
Jan 23 | $8,999 | $8,851 | $8,956 |
|---|
Feb 23 | $8,734 | $8,630 | $8,693 |
|---|
Mar 23 | $8,933 | $8,848 | $8,912 |
|---|
Apr 23 | $9,007 | $8,905 | $8,986 |
|---|
May 23 | $8,898 | $8,808 | $8,879 |
|---|
Jun 23 | $8,919 | $8,776 | $8,910 |
|---|
Jul 23 | $8,983 | $8,768 | $8,976 |
|---|
Aug 23 | $8,924 | $8,714 | $8,918 |
|---|
Sep 23 | $8,731 | $8,497 | $8,725 |
|---|
Oct 23 | $8,577 | $8,366 | $8,571 |
|---|
Nov 23 | $9,065 | $8,733 | $9,072 |
|---|
Dec 23 | $9,429 | $9,056 | $9,433 |
|---|
Jan 24 | $9,443 | $9,046 | $9,449 |
|---|
Feb 24 | $9,306 | $8,922 | $9,314 |
|---|
Mar 24 | $9,423 | $8,997 | $9,437 |
|---|
Apr 24 | $9,219 | $8,780 | $9,235 |
|---|
May 24 | $9,395 | $8,929 | $9,413 |
|---|
Jun 24 | $9,453 | $9,014 | $9,469 |
|---|
Jul 24 | $9,682 | $9,223 | $9,697 |
|---|
Aug 24 | $9,834 | $9,354 | $9,850 |
|---|
Sep 24 | $10,001 | $9,480 | $10,018 |
|---|
Oct 24 | $9,789 | $9,248 | $9,807 |
|---|
Nov 24 | $9,908 | $9,341 | $9,925 |
|---|
Dec 24 | $9,748 | $9,190 | $9,760 |
|---|
Jan 25 | $9,796 | $9,243 | $9,815 |
|---|
Feb 25 | $9,985 | $9,443 | $10,007 |
|---|
Mar 25 | $9,962 | $9,446 | $9,983 |
|---|
Apr 25 | $9,979 | $9,481 | $9,991 |
|---|
May 25 | $9,984 | $9,413 | $9,998 |
|---|
Jun 25 | $10,155 | $9,557 | $10,172 |
|---|
Jul 25 | $10,162 | $9,537 | $10,181 |
|---|
Aug 25 | $10,264 | $9,649 | $10,284 |
|---|
Sep 25 | $10,406 | $9,753 | $10,436 |
|---|
Oct 25 | $10,433 | $9,815 | $10,462 |
|---|
Nov 25 | $10,458 | $9,875 | $10,524 |
|---|
Dec 25 | $10,461 | $9,847 | $10,487 |
|---|
Jan 26 | $10,490 | $9,871 | $10,522 |
|---|
Feb 26 | $10,623 | $10,030 | $10,651 |
|---|
Mar 26 | $10,411 | $9,852 | $10,441 |
|---|
Apr 26 | $10,460 | $9,868 | $10,494 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | Life* |
|---|
VanEck Moody's Analytics IG Corporate Bond ETF | 4.83% | 1.10% | 0.84% |
|---|
MVIS® Moody's Analytics US Investment Grade Corporate Bond Index | 5.03% | 1.19% | 0.89% |
|---|
ICE BofA US Broad Market Index | 4.08% | 0.18% | (0.25)% |
|---|
* Inception of Fund: 12/01/2020.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$19,192,573
- Number of Portfolio Holdings354
- Portfolio Turnover Rate54%
- Management Fees Paid$30,748
What did the Fund invest in?
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 1.6% |
Other Investments | | 0.6% |
Healthcare | | 2.2% |
Real Estate | | 3.3% |
Energy | | 4.6% |
Utilities | | 4.7% |
Industrials | | 5.3% |
Consumer Cyclicals | | 10.0% |
Financials | | 20.8% |
Consumer Non-Cyclicals | | 21.4% |
Technology | | 25.5% |
Top Ten Holdings (% of Total Net Assets)
Table SummaryMeta Platforms, Inc., 5.50%, 11/15/2045 | | 1.5% |
|---|
Alphabet, Inc., 4.70%, 11/15/2035 | | 1.4% |
|---|
Microsoft Corp., 2.52%, 6/1/2050 | | 1.2% |
|---|
Toronto-Dominion Bank, 3.91%, 1/13/2028 | | 0.9% |
|---|
PepsiCo, Inc., 2.62%, 7/29/2029 | | 0.9% |
|---|
AT&T, Inc., 3.80%, 12/1/2057 | | 0.9% |
|---|
Charter Communications Operating LLC / Charter Communications Operating Capital, 5.75%, 4/1/2048 | | 0.8% |
|---|
Alphabet, Inc., 5.35%, 11/15/2045 | | 0.8% |
|---|
Altria Group, Inc., 4.25%, 8/9/2042 | | 0.8% |
|---|
T-Mobile USA, Inc., 4.38%, 4/15/2040 | | 0.7% |
|---|
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
VanEck Short High Yield Muni ETF
Ticker: SHYD | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Short High Yield Muni ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
This report describes material changes to the Fund that occurred during and after the reporting period.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Short High Yield Muni ETF | $34 | 0.33% |
|---|
How did the Fund perform last year?
Short high yield municipal bonds delivered positive returns over the reporting period, benefiting from elevated income, structurally scarce supply of short-dated high yield paper, and growing demand for duration-limited tax-exempt yield as the Federal Reserve pivoted toward rate cuts.
Securities from New York, Puerto Rico, and Illinois were the largest contributors to the Fund’s performance. Texas also contributed meaningfully. Nevada was the largest detractor from Fund performance , while Florida detracted modestly on a slightly negative absolute return.
The Fund’s exposure to Local General Obligations, Hospital, and Tax bonds contributed the most to performance over the reporting period. All sector exposures contributed positively, with Industrial Development Revenue bonds contributing modestly despite being the Fund’s largest sector weight.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE US Broad Municipal Index | ICE 1-12 Year Broad High Yield Crossover Municipal Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $10,023 | $10,031 | $10,038 |
|---|
Jun 16 | $10,130 | $10,194 | $10,163 |
|---|
Jul 16 | $10,136 | $10,189 | $10,195 |
|---|
Aug 16 | $10,153 | $10,212 | $10,231 |
|---|
Sep 16 | $10,135 | $10,163 | $10,208 |
|---|
Oct 16 | $10,065 | $10,068 | $10,140 |
|---|
Nov 16 | $9,669 | $9,701 | $9,673 |
|---|
Dec 16 | $9,635 | $9,807 | $9,704 |
|---|
Jan 17 | $9,712 | $9,857 | $9,772 |
|---|
Feb 17 | $9,773 | $9,921 | $9,832 |
|---|
Mar 17 | $9,823 | $9,943 | $9,858 |
|---|
Apr 17 | $9,919 | $10,015 | $9,970 |
|---|
May 17 | $9,997 | $10,163 | $10,077 |
|---|
Jun 17 | $10,012 | $10,140 | $10,066 |
|---|
Jul 17 | $10,072 | $10,214 | $10,157 |
|---|
Aug 17 | $10,191 | $10,300 | $10,284 |
|---|
Sep 17 | $10,157 | $10,261 | $10,248 |
|---|
Oct 17 | $10,163 | $10,280 | $10,280 |
|---|
Nov 17 | $10,140 | $10,236 | $10,220 |
|---|
Dec 17 | $10,166 | $10,338 | $10,263 |
|---|
Jan 18 | $10,155 | $10,229 | $10,268 |
|---|
Feb 18 | $10,153 | $10,185 | $10,255 |
|---|
Mar 18 | $10,187 | $10,219 | $10,291 |
|---|
Apr 18 | $10,223 | $10,180 | $10,362 |
|---|
May 18 | $10,338 | $10,299 | $10,505 |
|---|
Jun 18 | $10,370 | $10,311 | $10,556 |
|---|
Jul 18 | $10,434 | $10,335 | $10,624 |
|---|
Aug 18 | $10,448 | $10,351 | $10,678 |
|---|
Sep 18 | $10,395 | $10,285 | $10,642 |
|---|
Oct 18 | $10,321 | $10,211 | $10,630 |
|---|
Nov 18 | $10,367 | $10,324 | $10,709 |
|---|
Dec 18 | $10,413 | $10,445 | $10,791 |
|---|
Jan 19 | $10,529 | $10,523 | $10,885 |
|---|
Feb 19 | $10,582 | $10,579 | $10,944 |
|---|
Mar 19 | $10,725 | $10,733 | $11,084 |
|---|
Apr 19 | $10,751 | $10,772 | $11,124 |
|---|
May 19 | $10,897 | $10,920 | $11,256 |
|---|
Jun 19 | $10,947 | $10,965 | $11,316 |
|---|
Jul 19 | $11,006 | $11,049 | $11,384 |
|---|
Aug 19 | $11,150 | $11,209 | $11,525 |
|---|
Sep 19 | $11,092 | $11,131 | $11,477 |
|---|
Oct 19 | $11,123 | $11,145 | $11,522 |
|---|
Nov 19 | $11,159 | $11,164 | $11,567 |
|---|
Dec 19 | $11,173 | $11,198 | $11,623 |
|---|
Jan 20 | $11,391 | $11,385 | $11,809 |
|---|
Feb 20 | $11,549 | $11,527 | $11,960 |
|---|
Mar 20 | $10,611 | $11,154 | $11,121 |
|---|
Apr 20 | $10,381 | $11,009 | $10,928 |
|---|
May 20 | $10,574 | $11,343 | $11,159 |
|---|
Jun 20 | $10,871 | $11,429 | $11,401 |
|---|
Jul 20 | $11,039 | $11,594 | $11,627 |
|---|
Aug 20 | $11,072 | $11,560 | $11,661 |
|---|
Sep 20 | $11,072 | $11,558 | $11,669 |
|---|
Oct 20 | $11,080 | $11,536 | $11,671 |
|---|
Nov 20 | $11,247 | $11,691 | $11,828 |
|---|
Dec 20 | $11,374 | $11,758 | $12,041 |
|---|
Jan 21 | $11,592 | $11,823 | $12,200 |
|---|
Feb 21 | $11,448 | $11,651 | $12,124 |
|---|
Mar 21 | $11,506 | $11,714 | $12,216 |
|---|
Apr 21 | $11,615 | $11,813 | $12,325 |
|---|
May 21 | $11,693 | $11,857 | $12,394 |
|---|
Jun 21 | $11,789 | $11,889 | $12,487 |
|---|
Jul 21 | $11,878 | $11,972 | $12,591 |
|---|
Aug 21 | $11,860 | $11,935 | $12,595 |
|---|
Sep 21 | $11,757 | $11,852 | $12,550 |
|---|
Oct 21 | $11,713 | $11,840 | $12,528 |
|---|
Nov 21 | $11,804 | $11,927 | $12,605 |
|---|
Dec 21 | $11,819 | $11,942 | $12,640 |
|---|
Jan 22 | $11,541 | $11,648 | $12,410 |
|---|
Feb 22 | $11,449 | $11,590 | $12,381 |
|---|
Mar 22 | $11,111 | $11,268 | $12,127 |
|---|
Apr 22 | $10,851 | $10,967 | $11,916 |
|---|
May 22 | $10,937 | $11,126 | $12,003 |
|---|
Jun 22 | $10,788 | $10,941 | $11,868 |
|---|
Jul 22 | $11,025 | $11,213 | $12,116 |
|---|
Aug 22 | $10,863 | $10,953 | $11,967 |
|---|
Sep 22 | $10,505 | $10,578 | $11,623 |
|---|
Oct 22 | $10,424 | $10,504 | $11,558 |
|---|
Nov 22 | $10,717 | $10,988 | $11,880 |
|---|
Dec 22 | $10,749 | $10,985 | $11,913 |
|---|
Jan 23 | $10,961 | $11,291 | $12,186 |
|---|
Feb 23 | $10,793 | $11,036 | $12,032 |
|---|
Mar 23 | $10,907 | $11,269 | $12,176 |
|---|
Apr 23 | $10,898 | $11,252 | $12,193 |
|---|
May 23 | $10,838 | $11,167 | $12,136 |
|---|
Jun 23 | $10,947 | $11,262 | $12,238 |
|---|
Jul 23 | $10,951 | $11,289 | $12,279 |
|---|
Aug 23 | $10,897 | $11,164 | $12,244 |
|---|
Sep 23 | $10,728 | $10,870 | $12,062 |
|---|
Oct 23 | $10,593 | $10,751 | $11,957 |
|---|
Nov 23 | $10,924 | $11,383 | $12,361 |
|---|
Dec 23 | $11,143 | $11,644 | $12,575 |
|---|
Jan 24 | $11,131 | $11,619 | $12,634 |
|---|
Feb 24 | $11,191 | $11,622 | $12,687 |
|---|
Mar 24 | $11,252 | $11,611 | $12,767 |
|---|
Apr 24 | $11,205 | $11,490 | $12,716 |
|---|
May 24 | $11,214 | $11,460 | $12,738 |
|---|
Jun 24 | $11,330 | $11,636 | $12,874 |
|---|
Jul 24 | $11,404 | $11,732 | $12,975 |
|---|
Aug 24 | $11,490 | $11,823 | $13,099 |
|---|
Sep 24 | $11,626 | $11,940 | $13,214 |
|---|
Oct 24 | $11,563 | $11,783 | $13,141 |
|---|
Nov 24 | $11,662 | $11,963 | $13,254 |
|---|
Dec 24 | $11,590 | $11,826 | $13,184 |
|---|
Jan 25 | $11,672 | $11,859 | $13,277 |
|---|
Feb 25 | $11,769 | $11,978 | $13,395 |
|---|
Mar 25 | $11,685 | $11,783 | $13,296 |
|---|
Apr 25 | $11,606 | $11,721 | $13,233 |
|---|
May 25 | $11,686 | $11,702 | $13,321 |
|---|
Jun 25 | $11,790 | $11,788 | $13,424 |
|---|
Jul 25 | $11,804 | $11,760 | $13,403 |
|---|
Aug 25 | $11,916 | $11,860 | $13,515 |
|---|
Sep 25 | $12,053 | $12,131 | $13,678 |
|---|
Oct 25 | $12,069 | $12,259 | $13,713 |
|---|
Nov 25 | $12,069 | $12,292 | $13,749 |
|---|
Dec 25 | $12,130 | $12,311 | $13,777 |
|---|
Jan 26 | $12,250 | $12,400 | $13,910 |
|---|
Feb 26 | $12,334 | $12,553 | $13,983 |
|---|
Mar 26 | $12,126 | $12,288 | $13,779 |
|---|
Apr 26 | $12,220 | $12,418 | $13,892 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck Short High Yield Muni ETF | 5.29% | 1.02% | 2.03% |
|---|
ICE 1-12 Year Broad High Yield Crossover Municipal Index | 4.98% | 2.42% | 3.34% |
|---|
ICE US Broad Municipal Index | 5.95% | 1.00% | 2.19% |
|---|
From December 1, 2022 forward, the index data reflects that of the Fund's underlying index, ICE 1-12 Year Broad High Yield Crossover Municipal Index. Index data from March 1, 2022 to November 30, 2022 reflects that of the ICE 1-12 Year Broad High Yield Crossover Municipal Bond Transition Index. Index data prior to March 1, 2022 reflects that of the Bloomberg Barclays Municipal High Yield Short Duration Index.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$423,159,955
- Number of Portfolio Holdings543
- Portfolio Turnover Rate29%
- Management Fees Paid$1,216,286
What did the Fund invest in?
Top Ten Holdings (% of Total Net Assets)
Table SummaryCalifornia Municipal Finance Authority, United Airlines, Inc., International Airport Project, 4.00%, 7/15/2029 | | 1.6% |
|---|
Patriots Energy Group Financing Agency, Gas Supply, 5.25%, 10/1/2054 | | 1.3% |
|---|
Puerto Rico Commonwealth, 5.75%, 7/1/2031 | | 1.0% |
|---|
Puerto Rico Commonwealth, 4.00%, 7/1/2033 | | 0.9% |
|---|
Greater Orlando Aviation Authority Special Purpose Airport Facilities, 5.50%, 11/1/2037 | | 0.9% |
|---|
City and County of Denver, Colorado, Special Facilities Airport, United Airlines, Inc. Project, 5.00%, 10/1/2032 | | 0.9% |
|---|
Black Belt Energy Gas District, 5.00%, 12/1/2055 | | 0.9% |
|---|
Baldwin County Industrial Development Authority, Solid Waste Disposal, 5.00%, 6/1/2055 | | 0.9% |
|---|
Mission Economic Development Corp., Senior Lien, Natgasoline Project, 4.62%, 10/1/2031 | | 0.8% |
|---|
California Infrastructure & Economic Development Bank, Brightline West Passenger Rail Project, 12.00%, 1/1/2065 | | 0.8% |
|---|
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 5.7% |
Other Investments | | 2.1% |
Toll & Turnpike | | 1.0% |
Miscellaneous | | 1.1% |
Transportation | | 1.6% |
Water & Sewer | | 1.6% |
Leasing COPS & Appropriations | | 2.7% |
Multi-Family Housing | | 3.2% |
State GO | | 4.6% |
Airport | | 5.1% |
Education | | 5.6% |
Health | | 6.0% |
Tax | | 6.3% |
Hospitals | | 7.2% |
Local GO | | 8.5% |
Power | | 8.6% |
Utilities | | 9.6% |
Industrial Development Revenue | | 19.5% |
The following material fund change occurred during the period ended April 30, 2026:
Effective September 1, 2025 the Fund reduced its contractual management fee from 0.35% to 0.32%.
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
Ticker: SMB | Cboe BZX Exchange, Inc.
Annual Shareholder Report - April 30, 2026
This annual shareholder report contains important information about the VanEck Short Muni ETF (the "Fund") for the period May 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/. You can also request this information by contacting us at 800.826.2333 or info@vaneck.com.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Table SummaryFund Name | Costs of a $10,000 investment | Costs paid as a % of a $10,000 investment |
|---|
VanEck Short Muni ETF | $7 | 0.07% |
|---|
How did the Fund perform last year?
Short maturity investment grade municipal bonds delivered positive returns over the reporting period, supported by stable credit fundamentals and elevated yields. The short end of the yield curve was less sensitive to the rate volatility that weighed on longer-dated bonds, with income driving the majority of return.
Securities from California, New York, and Texas were the largest contributors to the Fund’s performance. Returns were broadly positive and tightly clustered across states, consistent with the Fund’s investment grade profile, and no state materially detracted from performance.
The Fund’s exposure to State General Obligations, Local General Obligations, and Tax bonds contributed the most to performance, reflecting their combined dominant weight in the portfolio. All sector exposures contributed positively, with no sectors detracting from performance during the period.
How did the Fund perform over the past 10 years?
This chart shows the value of a hypothetical $10,000 investment in the Fund at NAV over the past 10 fiscal years.
Cumulative Performance Based on $10,000 Investment
Table Summary | Fund | ICE US Broad Municipal Index | ICE Short AMT-Free Broad National Municipal Index |
|---|
Apr 16 | $10,000 | $10,000 | $10,000 |
|---|
May 16 | $9,981 | $10,031 | $9,983 |
|---|
Jun 16 | $10,036 | $10,194 | $10,051 |
|---|
Jul 16 | $10,068 | $10,189 | $10,084 |
|---|
Aug 16 | $10,060 | $10,212 | $10,079 |
|---|
Sep 16 | $10,018 | $10,163 | $10,038 |
|---|
Oct 16 | $9,998 | $10,068 | $10,006 |
|---|
Nov 16 | $9,825 | $9,701 | $9,803 |
|---|
Dec 16 | $9,839 | $9,807 | $9,843 |
|---|
Jan 17 | $9,928 | $9,857 | $9,930 |
|---|
Feb 17 | $9,978 | $9,921 | $9,994 |
|---|
Mar 17 | $9,975 | $9,943 | $9,996 |
|---|
Apr 17 | $10,020 | $10,015 | $10,046 |
|---|
May 17 | $10,081 | $10,163 | $10,123 |
|---|
Jun 17 | $10,040 | $10,140 | $10,086 |
|---|
Jul 17 | $10,102 | $10,214 | $10,146 |
|---|
Aug 17 | $10,141 | $10,300 | $10,196 |
|---|
Sep 17 | $10,099 | $10,261 | $10,142 |
|---|
Oct 17 | $10,092 | $10,280 | $10,138 |
|---|
Nov 17 | $9,987 | $10,236 | $10,034 |
|---|
Dec 17 | $10,003 | $10,338 | $10,067 |
|---|
Jan 18 | $10,009 | $10,229 | $10,062 |
|---|
Feb 18 | $9,997 | $10,185 | $10,048 |
|---|
Mar 18 | $9,984 | $10,219 | $10,041 |
|---|
Apr 18 | $9,949 | $10,180 | $10,008 |
|---|
May 18 | $10,025 | $10,299 | $10,086 |
|---|
Jun 18 | $10,055 | $10,311 | $10,119 |
|---|
Jul 18 | $10,086 | $10,335 | $10,154 |
|---|
Aug 18 | $10,087 | $10,351 | $10,149 |
|---|
Sep 18 | $10,036 | $10,285 | $10,099 |
|---|
Oct 18 | $10,014 | $10,211 | $10,086 |
|---|
Nov 18 | $10,080 | $10,324 | $10,153 |
|---|
Dec 18 | $10,145 | $10,445 | $10,237 |
|---|
Jan 19 | $10,230 | $10,523 | $10,313 |
|---|
Feb 19 | $10,267 | $10,579 | $10,356 |
|---|
Mar 19 | $10,321 | $10,733 | $10,417 |
|---|
Apr 19 | $10,318 | $10,772 | $10,418 |
|---|
May 19 | $10,408 | $10,920 | $10,511 |
|---|
Jun 19 | $10,451 | $10,965 | $10,563 |
|---|
Jul 19 | $10,526 | $11,049 | $10,636 |
|---|
Aug 19 | $10,554 | $11,209 | $10,681 |
|---|
Sep 19 | $10,497 | $11,131 | $10,606 |
|---|
Oct 19 | $10,534 | $11,145 | $10,657 |
|---|
Nov 19 | $10,551 | $11,164 | $10,680 |
|---|
Dec 19 | $10,561 | $11,198 | $10,707 |
|---|
Jan 20 | $10,662 | $11,385 | $10,812 |
|---|
Feb 20 | $10,705 | $11,527 | $10,864 |
|---|
Mar 20 | $10,504 | $11,154 | $10,614 |
|---|
Apr 20 | $10,488 | $11,009 | $10,615 |
|---|
May 20 | $10,739 | $11,343 | $10,878 |
|---|
Jun 20 | $10,779 | $11,429 | $10,924 |
|---|
Jul 20 | $10,855 | $11,594 | $11,025 |
|---|
Aug 20 | $10,850 | $11,560 | $11,023 |
|---|
Sep 20 | $10,848 | $11,558 | $11,037 |
|---|
Oct 20 | $10,834 | $11,536 | $11,016 |
|---|
Nov 20 | $10,887 | $11,691 | $11,069 |
|---|
Dec 20 | $10,901 | $11,758 | $11,105 |
|---|
Jan 21 | $10,951 | $11,823 | $11,139 |
|---|
Feb 21 | $10,866 | $11,651 | $11,054 |
|---|
Mar 21 | $10,895 | $11,714 | $11,094 |
|---|
Apr 21 | $10,936 | $11,813 | $11,133 |
|---|
May 21 | $10,939 | $11,857 | $11,137 |
|---|
Jun 21 | $10,941 | $11,889 | $11,137 |
|---|
Jul 21 | $10,988 | $11,972 | $11,194 |
|---|
Aug 21 | $10,975 | $11,935 | $11,187 |
|---|
Sep 21 | $10,931 | $11,852 | $11,147 |
|---|
Oct 21 | $10,916 | $11,840 | $11,121 |
|---|
Nov 21 | $10,930 | $11,927 | $11,134 |
|---|
Dec 21 | $10,928 | $11,942 | $11,143 |
|---|
Jan 22 | $10,726 | $11,648 | $10,919 |
|---|
Feb 22 | $10,688 | $11,590 | $10,879 |
|---|
Mar 22 | $10,496 | $11,268 | $10,673 |
|---|
Apr 22 | $10,359 | $10,967 | $10,531 |
|---|
May 22 | $10,483 | $11,126 | $10,661 |
|---|
Jun 22 | $10,458 | $10,941 | $10,634 |
|---|
Jul 22 | $10,590 | $11,213 | $10,775 |
|---|
Aug 22 | $10,440 | $10,953 | $10,628 |
|---|
Sep 22 | $10,256 | $10,578 | $10,441 |
|---|
Oct 22 | $10,253 | $10,504 | $10,438 |
|---|
Nov 22 | $10,441 | $10,988 | $10,630 |
|---|
Dec 22 | $10,456 | $10,985 | $10,649 |
|---|
Jan 23 | $10,590 | $11,291 | $10,785 |
|---|
Feb 23 | $10,448 | $11,036 | $10,648 |
|---|
Mar 23 | $10,593 | $11,269 | $10,792 |
|---|
Apr 23 | $10,548 | $11,252 | $10,756 |
|---|
May 23 | $10,500 | $11,167 | $10,709 |
|---|
Jun 23 | $10,551 | $11,262 | $10,762 |
|---|
Jul 23 | $10,569 | $11,289 | $10,781 |
|---|
Aug 23 | $10,558 | $11,164 | $10,765 |
|---|
Sep 23 | $10,467 | $10,870 | $10,670 |
|---|
Oct 23 | $10,471 | $10,751 | $10,674 |
|---|
Nov 23 | $10,713 | $11,383 | $10,919 |
|---|
Dec 23 | $10,818 | $11,644 | $11,028 |
|---|
Jan 24 | $10,808 | $11,619 | $11,018 |
|---|
Feb 24 | $10,820 | $11,622 | $11,031 |
|---|
Mar 24 | $10,807 | $11,611 | $11,023 |
|---|
Apr 24 | $10,772 | $11,490 | $10,988 |
|---|
May 24 | $10,760 | $11,460 | $10,975 |
|---|
Jun 24 | $10,842 | $11,636 | $11,061 |
|---|
Jul 24 | $10,927 | $11,732 | $11,144 |
|---|
Aug 24 | $11,022 | $11,823 | $11,242 |
|---|
Sep 24 | $11,082 | $11,940 | $11,301 |
|---|
Oct 24 | $11,023 | $11,783 | $11,240 |
|---|
Nov 24 | $11,081 | $11,963 | $11,299 |
|---|
Dec 24 | $11,048 | $11,826 | $11,265 |
|---|
Jan 25 | $11,105 | $11,859 | $11,322 |
|---|
Feb 25 | $11,165 | $11,978 | $11,385 |
|---|
Mar 25 | $11,143 | $11,783 | $11,361 |
|---|
Apr 25 | $11,123 | $11,721 | $11,340 |
|---|
May 25 | $11,189 | $11,702 | $11,405 |
|---|
Jun 25 | $11,270 | $11,788 | $11,486 |
|---|
Jul 25 | $11,335 | $11,760 | $11,553 |
|---|
Aug 25 | $11,404 | $11,860 | $11,622 |
|---|
Sep 25 | $11,444 | $12,131 | $11,664 |
|---|
Oct 25 | $11,444 | $12,259 | $11,662 |
|---|
Nov 25 | $11,446 | $12,292 | $11,689 |
|---|
Dec 25 | $11,507 | $12,311 | $11,725 |
|---|
Jan 26 | $11,581 | $12,400 | $11,805 |
|---|
Feb 26 | $11,650 | $12,553 | $11,869 |
|---|
Mar 26 | $11,534 | $12,288 | $11,755 |
|---|
Apr 26 | $11,575 | $12,418 | $11,796 |
|---|
Average Annual Total Returns
Table Summary . | 1 Year | 5 Years | 10 Years |
|---|
VanEck Short Muni ETF | 4.06% | 1.14% | 1.47% |
|---|
ICE Short AMT-Free Broad National Municipal Index | 4.02% | 1.16% | 1.67% |
|---|
ICE US Broad Municipal Index | 5.95% | 1.00% | 2.19% |
|---|
From December 1, 2022 forward, the index data reflects that of the Fund's underlying index, ICE Short AMT-Free Broad National Municipal Index. Index data from March 1, 2022 to November 30, 2022 reflects the ICE Short AMT-Free Broad National Municipal Transition Index. Index data prior to March 1, 2022 reflects that of the Bloomberg Barclays AMT-FreeShort Continuous Municipal Index.
The performance data quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Fund may reflect temporary fee waivers, if applicable. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares. Visit vaneck.com for more recent performance information.
- Total Net Assets$304,654,966
- Number of Portfolio Holdings332
- Portfolio Turnover Rate25%
- Management Fees Paid$202,744
What did the Fund invest in?
Top Ten Holdings (% of Total Net Assets)
Table SummaryNew York City Transitional Finance Authority Building Aid-1, 5.00%, 7/15/2031 | | 1.1% |
|---|
State of California, Various Purpose, 5.00%, 4/1/2030 | | 1.0% |
|---|
Commonwealth of Massachusetts, 5.00%, 5/1/2031 | | 1.0% |
|---|
State of New Jersey, Various Purposes, 2.00%, 6/1/2030 | | 0.9% |
|---|
Kansas Development Finance Authority, Adventhealth Hospital, 5.00%, 11/15/2054 | | 0.9% |
|---|
New York City Housing Development Corp., Multi-Family Housing, 3.95%, 11/1/2064 | | 0.8% |
|---|
California Statewide Communities Development Authority, Pollution Control, Southern California Edison Company, 1.75%, 9/1/2029 | | 0.8% |
|---|
Massachusetts Water Resources Authority, 5.25%, 8/1/2030 | | 0.7% |
|---|
Black Belt Energy Gas District, Project No. 7, Series C-1, 4.00%, 10/1/2052 | | 0.7% |
|---|
Massachusetts Water Resources Authority, 5.00%, 8/1/2031 | | 0.7% |
|---|
Portfolio Composition (% of Total Net Assets)
Table SummaryValue | Value | Value |
|---|
Other assets less liabilities | | 3.2% |
Other Investments | | 4.8% |
Airport | | 1.0% |
Multi-Family Housing | | 2.2% |
Toll & Turnpike | | 2.4% |
Refunded | | 2.5% |
Leasing COPS & Appropriations | | 3.5% |
Transportation | | 5.4% |
Hospitals | | 5.9% |
Water & Sewer | | 6.0% |
Power | | 6.3% |
Education | | 6.5% |
Utilities | | 8.2% |
Tax | | 10.2% |
Local GO | | 14.4% |
State GO | | 17.5% |
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Need Additional Information?
If you wish to view additional information about the Fund including but not limited to financial statements, prospectus or holdings please scan the QR code or visit https://www.vaneck.com/us/en/etf-mutual-fund-finder/etfs/documents/.
| (a) |
The Registrant has adopted a code of ethics (the “Code of Ethics”) that applies
to the principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing
similar functions. |
| |
|
| (b) |
The Registrant’s code of ethics is reasonably described in this Form N-CSR. |
| |
|
| (c) |
The Registrant has not amended its Code of Ethics during the period covered by the shareholder report presented in Item
1 hereto. |
| |
|
| (d) |
The Registrant has not granted a waiver or an implicit waiver from a provision of its Code of Ethics during the period
covered by the shareholder report presented in Item 1 hereto. |
| |
|
| (e) |
Not applicable. |
| |
|
| (f) |
The Registrant’s Code of Ethics is attached as an Exhibit hereto. |
| |
|
| Item 3. |
AUDIT COMMITTEE FINANCIAL EXPERT. |
| |
|
| |
The Registrant’s Board of Trustees has determined that David Chow, Laurie A. Hesslein, R.
Alastair Short, Peter Sidebottom and Richard Stamberger, members of the Audit Committee, are “audit
committee financial experts” and “independent” as such terms are defined in the instructions to Form N-CSR
Item 3(a)(2). |
| |
|
| Item 4. |
PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
| |
|
| |
The principal accountant fees disclosed in Item 4(a), 4(b), 4(c), 4(d) and 4(g) are for
the Funds of the Registrant for which the fiscal year end is April 30. |
| |
|
| (a) |
Audit Fees. The aggregate Audit Fees of PricewaterhouseCoopers LLP for professional services
billed for the audits of the financial statements, or services that are normally provided in connection with statutory and
regulatory filings or engagements for the fiscal years ended April 30, 2026 and April 30, 2025, were $304,920 and $300,600,
respectively. |
| |
|
| (b) |
Audit-Related Fees. Not applicable. |
| |
|
| (c) |
Tax Fees. The aggregate Tax Fees of PricewaterhouseCoopers LLP for professional services billed
for the review of Federal, state and excise tax returns and other tax compliance consultations for the fiscal years ended
April 30, 2026 and April 30, 2025, were $99,000 and $111,000 respectively. |
| |
|
| (d) |
All Other Fees |
| |
|
| |
None. |
| |
|
| (e) |
The Audit Committee will pre-approve all audit and non-audit services, to be provided to
the Funds, by the independent accountants as required by Section 10A of the Securities Exchange Act of 1934. The Audit Committee
has authorized the Chairman of the Audit Committee to approve, between meeting dates, appropriate non-audit services. |
| |
|
| |
The Audit Committee after considering all factors, including a review of independence issues,
will recommend to the Board of Trustees the independent auditors to be selected to audit the financial statements of the Funds. |
| (f) |
Not applicable. |
| |
|
| (g) |
Non-audit fees. The aggregate non-audit fees of PricewaterhouseCoopers LLP for professional services rendered and billed to the registrant’s investment adviser, and entities controlled by, or under common control with the adviser that provide ongoing services to the registrant for the fiscal years ended April 30, 2026 and April 30, 2025, were $433,999 and $328,582 respectively. |
| |
|
| (h) |
The Registrant’s Audit Committee has considered whether the provision of non-audit services that were rendered to the Registrant’s investment adviser, and any entities controlled by, or under common control with the investment adviser that provide ongoing services to the Registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. |
| |
|
| Item 5. |
AUDIT COMMITTEE OF LISTED REGISTRANTS. |
| |
|
| |
The Registrant’s Board has an Audit Committee established in
accordance with Section 3(a)(58)(A) of the Exchange Act (15 U.S.C. 78c(a)(58)(A)) consisting of five Independent Trustees.
Ms. Hesslein and Messrs. Chow, Short, Sidebottom and Stamberger currently serve as members of
the Audit Committee. Ms. Hesslein is the Chairperson of the Audit Committee. |
| |
|
| |
Information included in Item 7. |
| Item 7. |
FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES. |
| |
|
|
April 30, 2026
ANNUAL FINANCIAL STATEMENTS AND OTHER
INFORMATION
|
 |
 |
| XMPT |
|
| |
CEF Muni Income ETF |
| HYEM |
|
| |
Emerging Markets High Yield Bond ETF |
| ANGL |
|
| |
Fallen Angel High Yield Bond ETF |
| GRNB |
|
| |
Green Bond ETF |
| HYD |
|
| |
High Yield Muni ETF |
| FLTR |
|
| |
IG Floating Rate ETF |
| ITM |
|
| |
Intermediate Muni ETF |
| MLN |
|
| |
Long Muni ETF |
| MBBB |
|
| |
Moody’s Analytics® BBB Corporate Bond ETF |
| MIG |
|
| |
Moody’s Analytics® IG Corporate Bond ETF |
| SHYD |
|
| |
Short High Yield Muni ETF |
| SMB |
|
| |
Short Muni ETF |
VANECK CEF MUNI INCOME ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Number
of Shares | | |
Value | |
| CLOSED-END FUNDS: 100.2%(a) | |
| | | |
| | |
| abrdn National Municipal Income Fund | |
| 117,839 | | |
$ | 1,192,531 | |
| Alliance Bernstein National Municipal Income Fund, Inc. | |
| 273,792 | | |
| 3,033,615 | |
| BlackRock 2037 Municipal Target Term Trust | |
| 34,355 | | |
| 873,991 | |
| BlackRock MuniAssets Fund, Inc. | |
| 339,924 | | |
| 3,576,000 | |
| BlackRock Municipal 2030 Target Term Trust | |
| 494,593 | | |
| 11,370,693 | |
| BlackRock MuniHoldings Fund, Inc. | |
| 1,308,422 | | |
| 15,347,790 | |
| BlackRock MuniYield Quality Fund III, Inc. | |
| 956,126 | | |
| 10,326,161 | |
| BlackRock MuniYield Quality Fund, Inc. | |
| 1,173,786 | | |
| 13,287,258 | |
| BNY Mellon Municipal Bond Infrastructure Fund, Inc. | |
| 158,214 | | |
| 1,710,293 | |
| BNY Mellon Strategic Municipal Bond Fund, Inc. | |
| 420,121 | | |
| 2,541,732 | |
| BNY Mellon Strategic Municipals, Inc. | |
| 584,553 | | |
| 3,694,375 | |
| DWS Municipal Income Trust | |
| 256,825 | | |
| 2,344,812 | |
| Eaton Vance Municipal Bond Fund | |
| 476,440 | | |
| 4,726,285 | |
| Eaton Vance Municipal Income Trust | |
| 230,524 | | |
| 2,413,586 | |
| Eaton Vance National Municipal Opportunities Trust | |
| 126,814 | | |
| 2,164,715 | |
| Invesco Advantage Municipal Income Trust II | |
| 257,114 | | |
| 2,262,603 | |
| Invesco Municipal Income Opportunities Trust | |
| 276,599 | | |
| 1,698,318 | |
| Invesco Municipal Opportunity Trust | |
| 447,640 | | |
| 4,337,632 | |
| Invesco Municipal Trust | |
| 453,067 | | |
| 4,385,689 | |
| | |
Number
of Shares | | |
Value | |
| Invesco Quality Municipal Income Trust | |
| 346,258 | | |
$ | 3,407,179 | |
| Invesco Trust for Investment Grade Municipals | |
| 315,537 | | |
| 3,250,031 | |
| Invesco Value Municipal Income Trust | |
| 264,078 | | |
| 3,195,344 | |
| MFS Municipal Income Trust | |
| 394,760 | | |
| 2,125,783 | |
| Neuberger Municipal Fund, Inc. | |
| 282,085 | | |
| 2,871,625 | |
| Nuveen AMT-Free Municipal Credit Income Fund | |
| 1,026,450 | | |
| 12,964,063 | |
| Nuveen AMT-Free Municipal Value Fund | |
| 146,826 | | |
| 2,071,715 | |
| Nuveen AMT-Free Quality Municipal Income Fund | |
| 1,330,441 | | |
| 15,260,158 | |
| Nuveen Dynamic Municipal Opportunities Fund | |
| 388,120 | | |
| 4,020,923 | |
| Nuveen Municipal Credit Income Fund | |
| 936,332 | | |
| 11,788,420 | |
| Nuveen Municipal High Income Opportunity Fund | |
| 679,654 | | |
| 6,918,878 | |
| Nuveen Municipal Value Fund, Inc. | |
| 1,074,737 | | |
| 9,833,844 | |
| Nuveen Quality Municipal Income Fund | |
| 1,119,320 | | |
| 13,163,203 | |
| Nuveen Select Tax-Free Income Portfolio | |
| 397,118 | | |
| 5,623,191 | |
| PIMCO Municipal Income Fund II | |
| 1,045,067 | | |
| 7,827,552 | |
| Putnam Managed Municipal Income Trust | |
| 364,202 | | |
| 2,243,484 | |
| Putnam Municipal Opportunities Trust | |
| 255,981 | | |
| 2,654,523 | |
| Western Asset Managed Municipals Fund, Inc. | |
| 459,166 | | |
| 4,692,677 | |
| Western Asset Municipal High Income Fund, Inc. | |
| 146,497 | | |
| 1,003,504 | |
Total Closed-End Funds: 100.2%
(Cost: $217,268,527) | |
| | | |
| 206,204,176 | |
| Liabilities in excess of other assets: -0.2% | |
| | | |
| (357,219) | |
| NET ASSETS: 100.0% | |
| | | |
$ | 205,846,957 | |
Footnotes:
| (a) |
Each underlying fund’s shareholder reports and registration documents are available free of charge on
the SEC’s website at https://www.sec.gov or on the fund’s webpage. |
See Notes to Financial Statements
VANECK CEF MUNI INCOME ETF
SCHEDULE OF INVESTMENTS
(continued)
The summary of inputs used to value the Fund’s investments as of April
30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Closed-End Funds | |
$ | 206,204,176 | | |
$ | — | | |
$ | — | | |
$ | 206,204,176 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| CORPORATE BONDS: 93.2% | |
| | | |
| | |
| Argentina: 7.0% | |
| | | |
| | |
Arcor SAIC 144A
7.60%, 07/31/33 | |
$ | 550 | | |
$ | 567,875 | |
Banco de Galicia y Buenos Aires SAU 144A
7.75%, 10/10/28 | |
| 500 | | |
| 518,750 | |
| Banco Macro SA 144A | |
| | | |
| | |
| 8.00%, 06/23/29 | |
| 800 | | |
| 817,200 | |
| 8.00%, 01/28/31 | |
| 700 | | |
| 718,270 | |
Cia General de Combustibles SA 144A
11.88%, 11/28/30 | |
| 475 | | |
| 492,527 | |
Empresa Distribuidora Y Comercializadora Norte 144A
9.75%, 10/24/30 | |
| 800 | | |
| 813,080 | |
Generacion Mediterranea SA / Central Termica Roca SA 144A
11.00%, 11/01/31 | |
| 475 | | |
| 358,625 | |
Genneia SA 144A
7.75%, 12/02/33 | |
| 700 | | |
| 725,466 | |
IRSA Inversiones y Representaciones SA 144A
8.00%, 03/31/35 | |
| 850 | | |
| 884,595 | |
MSU Energy SA 144A
9.75%, 12/05/30 | |
| 700 | | |
| 708,750 | |
| Pampa Energia SA 144A | |
| | | |
| | |
| 7.75%, 11/14/37 | |
| 750 | | |
| 774,900 | |
| 7.88%, 12/16/34 | |
| 1,125 | | |
| 1,180,294 | |
| 7.95%, 09/10/31 | |
| 625 | | |
| 660,687 | |
| Pan American Energy LLC 144A | |
| | | |
| | |
| 7.75%, 01/15/37 | |
| 700 | | |
| 724,010 | |
| 8.50%, 04/30/32 | |
| 650 | | |
| 698,913 | |
| Pluspetrol SA 144A | |
| | | |
| | |
| 8.12%, 05/18/31 | |
| 900 | | |
| 932,625 | |
| 8.50%, 05/30/32 | |
| 1,100 | | |
| 1,147,276 | |
| Tecpetrol SA 144A | |
| | | |
| | |
| 7.62%, 11/03/30 | |
| 1,300 | | |
| 1,334,125 | |
| 7.62%, 01/22/33 | |
| 625 | | |
| 648,281 | |
| Telecom Argentina SA 144A | |
| | | |
| | |
| 8.50%, 01/20/36 | |
| 1,000 | | |
| 1,034,200 | |
| 9.25%, 05/28/33 | |
| 1,725 | | |
| 1,834,261 | |
| 9.50%, 07/18/31 | |
| 1,425 | | |
| 1,526,531 | |
| Transportadora de Gas del Sur SA 144A | |
| | | |
| | |
| 7.75%, 11/20/35 | |
| 900 | | |
| 929,096 | |
| 8.50%, 07/24/31 | |
| 775 | | |
| 822,353 | |
| Vista Energy Argentina SAU 144A | |
| | | |
| | |
| 7.62%, 12/10/35 | |
| 1,050 | | |
| 1,082,812 | |
| 7.88%, 04/08/38 | |
| 500 | | |
| 510,500 | |
| 8.50%, 06/10/33 | |
| 1,450 | | |
| 1,541,712 | |
YPF Energia Electrica SA 144A
7.88%, 10/16/32 | |
| 675 | | |
| 691,652 | |
| YPF SA 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| Argentina (continued) | |
| | | |
| | |
| 6.95%, 07/21/27 | |
$ | 1,050 | | |
$ | 1,056,204 | |
| 7.00%, 09/30/33 (s) | |
| 875 | | |
| 871,318 | |
| 7.00%, 12/15/47 | |
| 930 | | |
| 844,854 | |
| 8.25%, 01/17/34 | |
| 2,650 | | |
| 2,776,192 | |
| 8.50%, 06/27/29 | |
| 687 | | |
| 710,765 | |
| 8.75%, 09/11/31 | |
| 1,550 | | |
| 1,646,798 | |
| 9.00%, 06/30/29 (s) | |
| 1,200 | | |
| 1,238,574 | |
| 9.50%, 01/17/31 | |
| 1,325 | | |
| 1,415,769 | |
| | |
| | | |
| 35,239,840 | |
| Australia: 0.1% | |
| | | |
| | |
Karoon USA Finance, Inc. 144A
10.50%, 05/14/29 | |
| 300 | | |
| 312,435 | |
| Austria: 0.2% | |
| | | |
| | |
Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV 144A
5.00%, 05/07/28 | |
| 350 | | |
| 344,815 | |
LD Celulose International GmbH 144A
7.95%, 01/26/32 | |
| 550 | | |
| 573,795 | |
| | |
| | | |
| 918,610 | |
| Azerbaijan: 0.3% | |
| | | |
| | |
State Oil Co. of the Azerbaijan Republic Reg S
6.95%, 03/18/30 | |
| 1,275 | | |
| 1,376,166 | |
| Bahrain: 1.6% | |
| | | |
| | |
| Bapco Energies BSCC 144A | |
| | | |
| | |
| 7.50%, 10/25/27 | |
| 1,400 | | |
| 1,418,777 | |
| 8.38%, 11/07/28 | |
| 850 | | |
| 873,467 | |
Bapco Energies Sukuk Ltd. 144A
5.25%, 04/08/29 | |
| 1,400 | | |
| 1,361,480 | |
| Bapco Energies Sukuk Ltd. Reg S | |
| | | |
| | |
| 6.25%, 01/29/35 | |
| 1,450 | | |
| 1,424,285 | |
| 6.62%, 05/25/33 | |
| 1,350 | | |
| 1,364,467 | |
BBK BSC Reg S
6.88%, 06/06/29 | |
| 900 | | |
| 907,435 | |
GFH Senior Sukuk Ltd. Reg S
7.50%, 11/06/29 | |
| 800 | | |
| 776,801 | |
| | |
| | | |
| 8,126,712 | |
| Bermuda: 0.3% | |
| | | |
| | |
Investment Energy Resources Ltd. 144A
6.25%, 04/26/29 | |
| 1,275 | | |
| 1,274,867 | |
| Brazil: 5.8% | |
| | | |
| | |
Amaggi Luxembourg International Sarl 144A
5.25%, 01/28/28 | |
| 600 | | |
| 591,771 | |
| Axia Energia SA 144A | |
| | | |
| | |
| 4.62%, 02/04/30 | |
| 525 | | |
| 505,035 | |
| 6.50%, 01/11/35 | |
| 650 | | |
| 659,588 | |
B3 SA - Brasil Bolsa Balcao 144A
4.12%, 09/20/31 † | |
| 475 | | |
| 443,519 | |
| Banco Bradesco SA 144A | |
| | | |
| | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Brazil (continued) | |
| | | |
| | |
| 5.38%, 01/20/31 | |
$ | 600 | | |
$ | 599,340 | |
| 6.50%, 01/22/30 † | |
| 850 | | |
| 883,150 | |
| Banco BTG Pactual SA 144A | |
| | | |
| | |
| 5.50%, 01/27/31 | |
| 550 | | |
| 542,988 | |
| 5.75%, 01/22/30 | |
| 350 | | |
| 356,125 | |
| 6.25%, 04/08/29 | |
| 450 | | |
| 460,224 | |
| Banco do Brasil SA 144A | |
| | | |
| | |
| 4.88%, 01/11/29 | |
| 400 | | |
| 398,147 | |
| 6.00%, 03/18/31 | |
| 600 | | |
| 612,659 | |
| 6.25%, 04/18/30 | |
| 625 | | |
| 642,776 | |
Banco Votorantim SA 144A
5.88%, 04/08/28 | |
| 525 | | |
| 532,245 | |
Braskem America Finance Co. 144A
7.12%, 07/22/41 | |
| 400 | | |
| 227,750 | |
| Braskem Netherlands Finance BV 144A | |
| | | |
| | |
| 4.50%, 01/10/28 | |
| 850 | | |
| 534,438 | |
| 4.50%, 01/31/30 | |
| 1,000 | | |
| 591,910 | |
| 5.88%, 01/31/50 | |
| 500 | | |
| 247,188 | |
| 7.25%, 02/13/33 | |
| 675 | | |
| 387,281 | |
| BRF SA 144A | |
| | | |
| | |
| 4.88%, 01/24/30 | |
| 475 | | |
| 454,829 | |
| 5.75%, 09/21/50 | |
| 525 | | |
| 426,209 | |
Caixa Economica Federal 144A
5.62%, 05/13/30 | |
| 550 | | |
| 558,044 | |
CSN Inova Ventures 144A
6.75%, 01/28/28 † | |
| 1,000 | | |
| 853,427 | |
ERO Copper Corp. 144A
6.50%, 02/15/30 | |
| 350 | | |
| 348,481 | |
Gol Finance, Inc. 144A
14.38%, 06/06/30 | |
| 1,600 | | |
| 1,530,320 | |
Itau Unibanco Holding SA 144A
6.00%, 02/27/30 † | |
| 850 | | |
| 883,256 | |
| Klabin Austria GmbH 144A | |
| | | |
| | |
| 3.20%, 01/12/31 | |
| 425 | | |
| 385,702 | |
| 5.75%, 04/03/29 | |
| 525 | | |
| 531,455 | |
| 7.00%, 04/03/49 | |
| 578 | | |
| 591,595 | |
MARB BondCo PLC 144A
3.95%, 01/29/31 | |
| 875 | | |
| 784,793 | |
MV24 Capital BV 144A
6.75%, 06/01/34 | |
| 590 | | |
| 594,063 | |
Natura & Co. Luxembourg Holdings Sarl 144A
4.12%, 05/03/28 | |
| 400 | | |
| 382,377 | |
NBM US Holdings, Inc. 144A
6.62%, 08/06/29 | |
| 400 | | |
| 402,200 | |
| Petrobras Global Finance BV | |
| | | |
| | |
| 5.09%, 01/15/30 | |
| 225 | | |
| 224,777 | |
| 5.60%, 01/03/31 | |
| 550 | | |
| 559,870 | |
| 5.62%, 05/20/43 | |
| 200 | | |
| 175,228 | |
| 5.75%, 02/01/29 | |
| 275 | | |
| 279,121 | |
| 6.00%, 01/27/28 † | |
| 750 | | |
| 763,233 | |
| 6.75%, 01/27/41 | |
| 425 | | |
| 422,947 | |
| 6.85%, 06/05/15 | |
| 975 | | |
| 929,220 | |
| 6.88%, 01/20/40 | |
| 500 | | |
| 509,912 | |
| | |
Par
(000’s | ) | |
Value | |
| Brazil (continued) | |
| | | |
| | |
| 6.90%, 03/19/49 | |
$ | 300 | | |
$ | 296,739 | |
| 7.25%, 03/17/44 | |
| 575 | | |
| 595,522 | |
| Rede D’or Finance Sarl 144A | |
| | | |
| | |
| 4.50%, 01/22/30 | |
| 599 | | |
| 566,440 | |
| 4.95%, 01/17/28 | |
| 450 | | |
| 444,692 | |
Rumo Luxembourg Sarl 144A
5.25%, 01/10/28 | |
| 400 | | |
| 392,702 | |
Samarco Mineracao SA 144A
9.50%, 06/30/31 | |
| 3,402 | | |
| 3,415,156 | |
Simpar Europe SA 144A
5.20%, 01/26/31 | |
| 425 | | |
| 367,497 | |
Tupy Overseas SA 144A
4.50%, 02/16/31 | |
| 350 | | |
| 267,750 | |
Ultrapar International SA 144A
5.25%, 06/06/29 | |
| 300 | | |
| 299,853 | |
Usiminas International Sarl 144A
7.50%, 01/27/32 | |
| 400 | | |
| 413,900 | |
XP, Inc. 144A
6.75%, 07/02/29 | |
| 400 | | |
| 404,479 | |
| | |
| | | |
| 29,271,923 | |
| British Virgin Islands: 0.2% | |
| | | |
| | |
Fortune Star BVI Ltd. Reg S
6.80%, 09/09/29 | |
| 600 | | |
| 589,031 | |
New Metro Global Ltd. Reg S
11.80%, 03/09/29 | |
| 400 | | |
| 386,727 | |
SJM International Ltd. Reg S
6.50%, 01/15/31 | |
| 200 | | |
| 195,228 | |
| | |
| | | |
| 1,170,986 | |
| Canada: 2.3% | |
| | | |
| | |
Capstone Copper Corp. 144A
6.75%, 03/31/33 | |
| 1,100 | | |
| 1,120,191 | |
| First Quantum Minerals Ltd. 144A | |
| | | |
| | |
| 6.38%, 02/15/36 | |
| 2,800 | | |
| 2,754,340 | |
| 7.25%, 02/15/34 | |
| 1,600 | | |
| 1,646,185 | |
| 8.00%, 03/01/33 | |
| 1,800 | | |
| 1,893,582 | |
| 8.62%, 06/01/31 | |
| 2,325 | | |
| 2,427,191 | |
Frontera Energy Corp. 144A
7.88%, 06/21/28 | |
| 550 | | |
| 546,428 | |
Ivanhoe Mines Ltd. 144A
7.88%, 01/23/30 † | |
| 1,300 | | |
| 1,326,331 | |
| | |
| | | |
| 11,714,248 | |
| Chile: 1.5% | |
| | | |
| | |
AES Andes SA 144A
8.15% (US Treasury Yield Curve Rate T 5 Year+3.83%), 06/10/55 (a) | |
| 900 | | |
| 948,011 | |
CAP SA 144A
3.90%, 04/27/31 | |
| 550 | | |
| 465,786 | |
Inversiones CMPC SA 144A
6.70% (US Treasury Yield Curve Rate T 5 Year+2.83%), 12/09/57 (a) | |
| 1,100 | | |
| 1,102,750 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Chile (continued) | |
| | | |
| | |
| Latam Airlines Group SA 144A | |
| | | |
| | |
| 7.62%, 01/07/31 | |
$ | 1,400 | | |
$ | 1,424,500 | |
| 7.88%, 04/15/30 † | |
| 2,550 | | |
| 2,604,188 | |
Telefonica Moviles Chile SA 144A
3.54%, 11/18/31 | |
| 975 | | |
| 767,032 | |
| | |
| | | |
| 7,312,267 | |
| China: 5.8% | |
| | | |
| | |
Cas Capital No. 2 Ltd. Reg S
6.25% (US Treasury Yield Curve Rate T 5 Year+2.53%), 01/13/31 (o)(a) | |
| 1,300 | | |
| 1,309,558 | |
| CFAMC III Co. Ltd. Reg S | |
| | | |
| | |
| 4.25%, 11/07/27 | |
| 2,100 | | |
| 2,089,304 | |
| 4.95%, 11/07/47 | |
| 750 | | |
| 689,146 | |
CFAMC IV Co. Ltd. Reg S
4.50%, 05/29/29 | |
| 950 | | |
| 946,081 | |
Champion MTN Ltd. Reg S
2.95%, 06/15/30 | |
| 450 | | |
| 398,954 | |
Champion Path Holdings Ltd. Reg S
4.85%, 01/27/28 | |
| 1,675 | | |
| 1,634,009 | |
Chengdu ETDZ State-owned Investment Group Co. Ltd. Reg S
6.50%, 11/18/27 | |
| 500 | | |
| 493,707 | |
China Hongqiao Group Ltd. Reg S
7.05%, 01/10/28 | |
| 700 | | |
| 724,758 | |
China Oil & Gas Group Ltd. Reg S
7.00%, 02/04/29 | |
| 500 | | |
| 494,740 | |
Fortune Star BVI Ltd. Reg S
8.50%, 05/19/28 | |
| 1,050 | | |
| 1,075,970 | |
Franshion Brilliant Ltd. Reg S
4.25%, 07/23/29 | |
| 850 | | |
| 790,284 | |
Glory Health Industry Ltd. Reg S
14.25%, 01/25/24 (d) * | |
| 200 | | |
| 9,134 | |
Greentown China Holdings Ltd. Reg S
8.45%, 02/24/28 | |
| 900 | | |
| 914,012 | |
Health & Happiness H&H International Holdings Ltd. Reg S
9.12%, 07/24/28 † | |
| 600 | | |
| 631,006 | |
Li & Fung Ltd. Reg S
8.38%, 02/05/29 | |
| 600 | | |
| 618,179 | |
| Longfor Group Holdings Ltd. Reg S | |
| | | |
| | |
| 3.95%, 09/16/29 | |
| 800 | | |
| 659,059 | |
| 4.50%, 01/16/28 | |
| 800 | | |
| 744,435 | |
| Melco Resorts Finance Ltd. 144A | |
| | | |
| | |
| 5.38%, 12/04/29 | |
| 2,100 | | |
| 2,052,892 | |
| 5.62%, 07/17/27 | |
| 925 | | |
| 923,559 | |
| 5.75%, 07/21/28 | |
| 1,450 | | |
| 1,443,375 | |
| | |
Par
(000’s | ) | |
Value | |
| China (continued) | |
| | | |
| | |
MGM China Holdings Ltd. 144A
7.12%, 06/26/31 † | |
$ | 850 | | |
$ | 884,950 | |
Mongolian Mining Corp. 144A
8.44%, 04/03/30 | |
| 400 | | |
| 407,438 | |
Nanyang Commercial Bank Ltd. Reg S
7.35% (US Treasury Yield Curve Rate T 5 Year+3.16%), 09/07/28 (o)(a) | |
| 650 | | |
| 681,077 | |
Seaspan Corp. 144A
5.50%, 08/01/29 | |
| 1,350 | | |
| 1,291,501 | |
Seazen Group Ltd. Reg S
11.88%, 06/26/28 | |
| 600 | | |
| 591,132 | |
| Studio City Finance Ltd. 144A | |
| | | |
| | |
| 5.00%, 01/15/29 | |
| 1,989 | | |
| 1,897,369 | |
| 6.50%, 01/15/28 | |
| 875 | | |
| 874,134 | |
| Vanke Real Estate Hong Kong Co. Ltd. Reg S | |
| | | |
| | |
| 3.50%, 11/12/29 | |
| 650 | | |
| 246,376 | |
| 3.98%, 11/09/27 | |
| 1,300 | | |
| 521,800 | |
West China Cement Ltd. Reg S 9.90%, 12/04/28 | |
| 1,300 | | |
| 1,228,477 | |
Wynn Macau Ltd. 144A
6.75%, 02/15/34 | |
| 1,950 | | |
| 1,955,985 | |
| | |
| | | |
| 29,222,401 | |
| Colombia: 6.4% | |
| | | |
| | |
Aris Mining Corp. 144A
8.00%, 10/31/29 | |
| 775 | | |
| 802,560 | |
Banco Davivienda SA 144A
8.12% (US Treasury Yield Curve Rate T 5 Year+4.59%), 07/02/35 (a) | |
| 850 | | |
| 876,733 | |
Banco de Bogota SA 144A
4.38%, 08/03/27 | |
| 775 | | |
| 773,104 | |
| Ecopetrol SA | |
| | | |
| | |
| 4.62%, 11/02/31 | |
| 1,420 | | |
| 1,280,206 | |
| 5.88%, 05/28/45 | |
| 2,175 | | |
| 1,674,958 | |
| 5.88%, 11/02/51 | |
| 825 | | |
| 611,289 | |
| 6.88%, 04/29/30 | |
| 2,150 | | |
| 2,167,830 | |
| 7.38%, 09/18/43 † | |
| 958 | | |
| 894,686 | |
| 7.75%, 02/01/32 | |
| 1,975 | | |
| 2,025,244 | |
| 8.38%, 01/19/36 | |
| 2,000 | | |
| 2,074,288 | |
| 8.62%, 01/19/29 | |
| 1,275 | | |
| 1,353,365 | |
| 8.88%, 01/13/33 | |
| 2,500 | | |
| 2,686,659 | |
| Empresas Publicas de Medellin ESP 144A | |
| | | |
| | |
| 4.25%, 07/18/29 | |
| 1,750 | | |
| 1,661,590 | |
| 4.38%, 02/15/31 | |
| 1,025 | | |
| 943,287 | |
Geopark Ltd. 144A
8.75%, 01/31/30 † | |
| 800 | | |
| 804,368 | |
Grupo Aval Ltd. 144A
4.38%, 02/04/30 | |
| 1,750 | | |
| 1,651,536 | |
| Grupo Nutresa SA 144A | |
| | | |
| | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Colombia (continued) | |
| | | |
| | |
| 7.88% (US Treasury Yield Curve Rate T 5 Year+4.10%), 12/29/49 (o)(a) | |
$ | 2,000 | | |
$ | 2,000,000 | |
| 8.00%, 05/12/30 | |
| 2,650 | | |
| 2,799,090 | |
| 9.00%, 05/12/35 | |
| 2,650 | | |
| 2,954,432 | |
Oleoducto Central SA 144A
4.00%, 07/14/27 | |
| 750 | | |
| 742,306 | |
Telecomunicaciones Digitales SA 144A
4.50%, 01/30/30 | |
| 1,050 | | |
| 1,010,042 | |
Termocandelaria Power SA 144A
7.75%, 09/17/31 | |
| 700 | | |
| 720,142 | |
| | |
| | | |
| 32,507,715 | |
| Costa Rica: 0.4% | |
| | | |
| | |
| Instituto Costarricense de Electricidad 144A | |
| | | |
| | |
| 6.38%, 05/15/43 | |
| 875 | | |
| 860,764 | |
| 6.75%, 10/07/31 | |
| 550 | | |
| 577,340 | |
Liberty Costa Rica Senior Secured Finance 144A
10.88%, 01/15/31 | |
| 600 | | |
| 631,662 | |
| | |
| | | |
| 2,069,766 | |
| Cyprus: 0.1% | |
| | | |
| | |
MHP Lux SA 144A
6.25%, 09/19/29 | |
| 650 | | |
| 588,812 | |
| Dominican Republic: 0.3% | |
| | | |
| | |
Aeropuertos Dominicanos Siglo XXI SA 144A
7.00%, 06/30/34 † | |
| 850 | | |
| 882,937 | |
Empresa Generadora de Electricidad Haina SA 144A
5.62%, 11/08/28 | |
| 500 | | |
| 493,460 | |
| | |
| | | |
| 1,376,397 | |
| Ecuador: 0.1% | |
| | | |
| | |
Corp. Quiport SA 144A
9.00%, 12/15/37 | |
| 500 | | |
| 542,885 | |
| El Salvador: 0.2% | |
| | | |
| | |
Comision Ejecutiva Hidroelectrica del Rio Lempa 144A
8.65%, 01/24/33 † | |
| 1,000 | | |
| 1,063,000 | |
| Georgia: 0.4% | |
| | | |
| | |
Georgia Global Utilities JSC 144A
8.88%, 07/25/29 | |
| 500 | | |
| 520,806 | |
Georgian Railway JSC 144A
4.00%, 06/17/28 | |
| 875 | | |
| 843,972 | |
Silk Road Group Holding LLC 144A
7.50%, 09/15/30 | |
| 700 | | |
| 707,752 | |
| | |
| | | |
| 2,072,530 | |
| | |
Par
(000’s | ) | |
Value | |
| Guatemala: 1.2% | |
| | |
| |
Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL 144A
5.25%, 04/27/29 | |
$ | 2,000 | | |
$ | 1,978,412 | |
CT Trust 144A
5.12%, 02/03/32 | |
| 1,325 | | |
| 1,273,239 | |
Energuate Trust 2 0 144A
6.35%, 09/15/35 | |
| 1,200 | | |
| 1,204,379 | |
Industrial Subordinated Trust 2 0 144A
6.55% (US Treasury Yield Curve Rate T 5 Year+2.86%), 04/15/36 (a) | |
| 1,400 | | |
| 1,423,450 | |
| | |
| | | |
| 5,879,480 | |
| Hong Kong: 0.5% | |
| | | |
| | |
| Melco Resorts Finance Ltd. 144A | |
| | | |
| | |
| 6.50%, 09/24/33 | |
| 1,000 | | |
| 990,145 | |
| 7.62%, 04/17/32 | |
| 1,400 | | |
| 1,445,113 | |
| | |
| | | |
| 2,435,258 | |
| Hungary: 0.5% | |
| | | |
| | |
OTP Bank Nyrt Reg S
7.30% (US Treasury Yield Curve Rate T 5 Year+2.86%), 07/30/35 (a) | |
| 1,400 | | |
| 1,468,424 | |
| 8.75% (US Treasury Yield Curve Rate T 5 Year+5.06%), 05/15/33 (a) | |
| 1,150 | | |
| 1,213,606 | |
| | |
| | | |
| 2,682,030 | |
| India: 3.5% | |
| | | |
| | |
Adani Green Energy UP Ltd. / Prayatna Developers Pvt Ltd. / Parampujya Solar Energy Pvt Ltd. 144A
6.70%, 03/12/42 | |
| 791 | | |
| 764,536 | |
Continuum Green Energy India Pvt / Co.-Issuers 144A
7.50%, 06/26/33 | |
| 1,129 | | |
| 1,168,412 | |
Delhi International Airport Ltd. 144A
6.45%, 06/04/29 | |
| 900 | | |
| 930,999 | |
GMR Hyderabad International Airport Ltd. 144A
4.25%, 10/27/27 | |
| 650 | | |
| 642,070 | |
IIFL Finance Ltd. 144A
8.75%, 07/24/28 | |
| 650 | | |
| 665,822 | |
IRB Infrastructure Developers Ltd. 144A
7.11%, 03/11/32 | |
| 1,400 | | |
| 1,438,948 | |
JSW Hydro Energy Ltd. 144A
4.12%, 05/18/31 | |
| 844 | | |
| 794,901 | |
JSW Infrastructure Ltd. 144A
4.95%, 01/21/29 | |
| 700 | | |
| 695,127 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| India (continued) | |
| | | |
| | |
JSW Steel Ltd. 144A 5.05%, 04/05/32 | |
$ | 1,025 | | |
$ | 1,006,771 | |
Manappuram Finance Ltd. Reg S 7.38%, 05/12/28 | |
| 600 | | |
| 608,849 | |
| Muthoot Finance Ltd. 144A | |
| | | |
| | |
| 6.38%, 04/23/29 | |
| 1,100 | | |
| 1,107,689 | |
| 6.38%, 03/02/30 | |
| 1,300 | | |
| 1,312,535 | |
| 7.12%, 02/14/28 | |
| 1,500 | | |
| 1,526,062 | |
Piramal Finance Ltd. Reg S 7.80%, 01/29/28 | |
| 800 | | |
| 818,674 | |
ReNew Treasury IFSC Pvt Ltd. 144A 6.50%, 02/02/31 | |
| 1,000 | | |
| 996,949 | |
ReNew Wind Energy AP2 / ReNew Power Pvt Ltd. other 9 Subsidiaries 144A 4.50%, 07/14/28 | |
| 1,150 | | |
| 1,107,051 | |
| Sammaan Capital Ltd. 144A | |
| | | |
| | |
| 7.50%, 10/16/30 | |
| 200 | | |
| 199,969 | |
| 8.95%, 08/28/28 | |
| 1,150 | | |
| 1,190,835 | |
| 9.70%, 07/03/27 | |
| 500 | | |
| 514,441 | |
| | |
| | | |
| 17,490,640 | |
| Indonesia: 0.7% | |
| | | |
| | |
Bakrie Telecom Pte Ltd. Reg S 11.50%, 05/07/15 (d) * | |
| 111 | | |
| 971 | |
Indika Energy Tbk PT 144A 8.75%, 05/07/29 | |
| 800 | | |
| 815,828 | |
Nickel Industries Ltd. 144A 9.00%, 09/30/30 | |
| 1,350 | | |
| 1,407,907 | |
Pakuwon Jati Tbk PT Reg S 4.88%, 04/29/28 | |
| 600 | | |
| 594,485 | |
Sorik Marapi Geothermal Power PT 144A 7.75%, 08/05/31 | |
| 560 | | |
| 570,535 | |
| | |
| | | |
| 3,389,726 | |
| Ireland: 0.2% | |
| | | |
| | |
Aragvi Finance International DAC 144A 11.12%, 11/20/29 | |
| 1,200 | | |
| 1,166,680 | |
| Israel: 2.0% | |
| | | |
| | |
Energean Israel Finance Ltd. 144A Reg S 8.50%, 09/30/33 | |
| 1,375 | | |
| 1,462,707 | |
| Leviathan Bond Ltd. 144A Reg S | |
| | | |
| | |
| 6.50%, 06/30/27 | |
| 1,085 | | |
| 1,091,558 | |
| 6.75%, 06/30/30 | |
| 950 | | |
| 978,903 | |
Teva Pharmaceutical Finance Co. LLC 6.15%, 02/01/36 | |
| 1,400 | | |
| 1,468,136 | |
| Teva Pharmaceutical Finance Netherlands III BV | |
| | | |
| | |
| 4.10%, 10/01/46 | |
| 3,598 | | |
| 2,774,981 | |
| 6.75%, 03/01/28 † | |
| 2,335 | | |
| 2,396,473 | |
| | |
| | | |
| 10,172,758 | |
| | |
Par
(000’s | ) | |
Value | |
| Jamaica: 1.0% | |
| | | |
| | |
Digicel Group Holdings Ltd. 144A 0.00%, 12/31/30 ^∞ | |
$ | 332 | | |
$ | 0 | |
Digicel International Finance Ltd. / Difl US LLC 144A 8.62%, 08/01/32 | |
| 3,350 | | |
| 3,487,504 | |
Kingston Airport Revenue Finance Ltd. 144A 6.75%, 12/15/36 | |
| 900 | | |
| 916,650 | |
Montego Bay Airport Revenue Finance Ltd. 144A 6.60%, 06/15/35 | |
| 700 | | |
| 695,786 | |
| | |
| | | |
| 5,099,940 | |
| Kazakhstan: 0.1% | |
| | | |
| | |
ForteBank JSC 144A 7.75%, 02/04/30 | |
| 700 | | |
| 722,831 | |
| Kyrgyzstan: 0.2% | |
| | | |
| | |
Eldik Bank OAO 144A 8.50%, 04/23/31 | |
| 900 | | |
| 902,495 | |
| Luxembourg: 4.4% | |
| | | |
| | |
Acu Petroleo Luxembourg Sarl 144A 7.50%, 01/13/32 | |
| 380 | | |
| 389,381 | |
Adecoagro SA 144A 7.50%, 07/29/32 | |
| 800 | | |
| 792,752 | |
| Aegea Finance Sarl 144A | |
| | | |
| | |
| 7.62%, 01/20/36 | |
| 400 | | |
| 292,500 | |
| 9.00%, 01/20/31 | |
| 825 | | |
| 691,969 | |
Auna SA / Oncosalud SAC 144A 8.75%, 11/06/32 | |
| 600 | | |
| 602,991 | |
Constellation Oil Services Holding SA 144A 9.38%, 11/07/29 | |
| 450 | | |
| 472,950 | |
| CSN Resources SA 144A | |
| | | |
| | |
| 4.62%, 06/10/31 † | |
| 650 | | |
| 445,557 | |
| 5.88%, 04/08/32 | |
| 325 | | |
| 222,675 | |
| 8.88%, 12/05/30 | |
| 500 | | |
| 406,593 | |
| Energean Israel Finance Ltd. 144A Reg S | |
| | | |
| | |
| 5.38%, 03/30/28 † | |
| 1,025 | | |
| 1,010,724 | |
| 5.88%, 03/30/31 | |
| 1,150 | | |
| 1,103,890 | |
FORESEA Holding SA 144A 7.50%, 06/15/30 | |
| 400 | | |
| 396,795 | |
| FS Luxembourg Sarl 144A | |
| | | |
| | |
| 8.12%, 02/11/36 † | |
| 400 | | |
| 370,750 | |
| 8.62%, 06/25/33 | |
| 400 | | |
| 392,780 | |
J&F Luxembourg Finance Sarl 8.50%, 12/01/32 | |
| 400 | | |
| 407,620 | |
J&F Luxembourg Finance Sarl 144A 8.00%, 04/23/33 | |
| 300 | | |
| 297,912 | |
MC Brazil Downstream Trading Sarl 144A 7.25%, 06/30/31 | |
| 1,155 | | |
| 1,081,216 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Luxembourg (continued) | |
| | | |
| | |
Mexico Remittances Funding Fiduciary Estate Management Sarl 144A 12.50%, 10/15/31 | |
$ | 650 | | |
$ | 684,125 | |
MHP Lux SA 144A 10.50%, 07/28/29 | |
| 800 | | |
| 821,371 | |
| Minerva Luxembourg SA 144A | |
| | | |
| | |
| 4.38%, 03/18/31 | |
| 700 | | |
| 629,152 | |
| 7.50%, 04/22/36 | |
| 400 | | |
| 393,712 | |
| 8.88%, 09/13/33 | |
| 775 | | |
| 827,009 | |
Movida Europe SA 144A 7.85%, 04/11/29 † | |
| 450 | | |
| 448,168 | |
| Nova Securitisation Sarl 144A | |
| | | |
| | |
| 5.75%, 02/03/31 † | |
| 700 | | |
| 682,717 | |
| 6.50%, 02/03/36 | |
| 400 | | |
| 387,499 | |
Oceanica Lux 144A 13.00%, 10/02/29 | |
| 475 | | |
| 509,855 | |
OHI Group SA 144A 13.00%, 07/22/29 | |
| 665 | | |
| 677,824 | |
Poinsettia Finance Ltd. Sarl 144A 6.62%, 06/17/31 | |
| 247 | | |
| 243,382 | |
PRIO Luxembourg Holding Sarl 144A 6.75%, 10/15/30 | |
| 600 | | |
| 599,718 | |
Puma International Financing SA 144A 7.75%, 04/25/29 | |
| 1,075 | | |
| 1,105,480 | |
| Rede D’or Finance Sarl 144A | |
| | | |
| | |
| 6.45%, 09/09/35 † | |
| 400 | | |
| 396,481 | |
| 6.55%, 04/28/36 | |
| 500 | | |
| 494,850 | |
Rumo Luxembourg Sarl 144A 4.20%, 01/18/32 | |
| 425 | | |
| 376,178 | |
Saavi Energia Sarl 144A 8.88%, 02/10/35 | |
| 2,000 | | |
| 2,227,100 | |
Sabesp Lux Sarl 144A 5.62%, 08/20/30 | |
| 450 | | |
| 444,209 | |
Threelands Energy Ltd. Sarl 144A 7.45%, 10/20/35 | |
| 600 | | |
| 615,090 | |
Vamos Europe SA 144A 9.20%, 01/26/31 | |
| 300 | | |
| 286,050 | |
| | |
| | | |
| 22,229,025 | |
| Mauritius: 0.9% | |
| | | |
| | |
Greenko Power II Ltd. 144A 4.30%, 12/13/28 | |
| 1,311 | | |
| 1,253,754 | |
Greenko Wind Projects Mauritius Ltd. 144A 7.25%, 09/27/28 | |
| 1,822 | | |
| 1,840,382 | |
| UPL Corp. Ltd. Reg S | |
| | | |
| | |
| 4.50%, 03/08/28 | |
| 600 | | |
| 582,193 | |
| 4.62%, 06/16/30 | |
| 800 | | |
| 734,841 | |
| | |
| | | |
| 4,411,170 | |
| Mexico: 5.9% | |
| | | |
| | |
| Alpek SAB de CV 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| Mexico (continued) | |
| | | |
| | |
| 3.25%, 02/25/31 | |
$ | 1,200 | | |
$ | 1,049,423 | |
| 4.25%, 09/18/29 | |
| 850 | | |
| 797,671 | |
Cemex SAB de CV 144A 7.20% (US Treasury Yield Curve Rate T 5 Year+3.52%), 06/10/30 (o)(a) | |
| 1,800 | | |
| 1,866,168 | |
| Grupo Aeromexico SAB de CV 144A | |
| | | |
| | |
| 8.25%, 11/15/29 † | |
| 950 | | |
| 924,516 | |
| 8.62%, 11/15/31 † | |
| 1,000 | | |
| 973,750 | |
Metalsa Sapi De Cv 144A 3.75%, 05/04/31 | |
| 575 | | |
| 502,047 | |
Nemak SAB de CV 144A 3.62%, 06/28/31 † | |
| 875 | | |
| 744,054 | |
| Orbia Advance Corp. SAB de CV 144A | |
| | | |
| | |
| 2.88%, 05/11/31 | |
| 2,250 | | |
| 1,871,719 | |
| 5.88%, 09/17/44 | |
| 2,600 | | |
| 2,035,891 | |
| 6.80%, 05/13/30 | |
| 1,200 | | |
| 1,208,700 | |
| Petroleos Mexicanos | |
| | | |
| | |
| 5.35%, 02/12/28 | |
| 225 | | |
| 225,065 | |
| 5.50%, 06/27/44 | |
| 250 | | |
| 192,627 | |
| 5.62%, 01/23/46 | |
| 225 | | |
| 174,489 | |
| 5.95%, 01/28/31 | |
| 1,375 | | |
| 1,346,063 | |
| 6.35%, 02/12/48 | |
| 575 | | |
| 462,613 | |
| 6.38%, 01/23/45 | |
| 375 | | |
| 311,304 | |
| 6.50%, 01/23/29 | |
| 450 | | |
| 458,505 | |
| 6.50%, 06/02/41 | |
| 575 | | |
| 506,356 | |
| 6.62%, 06/15/35 | |
| 850 | | |
| 820,904 | |
| 6.62%, 06/15/38 | |
| 200 | | |
| 185,674 | |
| 6.70%, 02/16/32 | |
| 2,400 | | |
| 2,409,324 | |
| 6.75%, 09/21/47 | |
| 1,875 | | |
| 1,580,583 | |
| 6.84%, 01/23/30 | |
| 850 | | |
| 865,759 | |
| 6.95%, 01/28/60 | |
| 1,375 | | |
| 1,145,994 | |
| 7.69%, 01/23/50 | |
| 2,850 | | |
| 2,608,278 | |
| 8.75%, 06/02/29 | |
| 700 | | |
| 749,826 | |
| 10.00%, 02/07/33 | |
| 725 | | |
| 850,026 | |
Poinsettia Finance Ltd. Sarl Reg S 6.62%, 06/17/31 | |
| 564 | | |
| 556,301 | |
| Total Play Telecomunicaciones SA de CV 144A | |
| | | |
| | |
| 10.50%, 12/31/28 | |
| 380 | | |
| 375,586 | |
| 11.12%, 12/31/32 | |
| 1,850 | | |
| 1,734,169 | |
| | |
| | | |
| 29,533,385 | |
| Mongolia: 0.4% | |
| | | |
| | |
Development Bank of Mongolia LLC Reg S 8.50%, 07/03/28 | |
| 900 | | |
| 929,535 | |
Golomt Bank 144A 11.00%, 05/20/27 | |
| 725 | | |
| 752,326 | |
Trade & Development Bank of Mongolia LLC Reg S 8.50%, 12/23/27 | |
| 450 | | |
| 450,985 | |
| | |
| | | |
| 2,132,846 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Morocco: 0.5% | |
| | | |
| | |
OCP SA 144A 6.74% (US Treasury Yield Curve Rate T 5 Year+2.75%), 04/22/31 (o)(a) | |
$ | 1,800 | | |
$ | 1,793,906 | |
| 7.37% (US Treasury Yield Curve Rate T 5 Year+3.21%), 04/22/36 (o)(a) | |
| 900 | | |
| 895,285 | |
| | |
| | | |
| 2,689,191 | |
| Netherlands: 2.7% | |
| | | |
| | |
Ardshinbank CJSC Via Dilijan Finance BV 144A 6.60%, 01/22/31 | |
| 1,100 | | |
| 1,107,598 | |
| Braskem Netherlands Finance BV 144A | |
| | | |
| | |
| 8.00%, 10/15/34 | |
| 650 | | |
| 380,666 | |
| 8.50%, 01/12/31 | |
| 575 | | |
| 346,070 | |
| Petrobras Global Finance BV | |
| | | |
| | |
| 5.12%, 09/10/30 | |
| 700 | | |
| 694,610 | |
| 5.50%, 06/10/51 | |
| 321 | | |
| 263,911 | |
| 6.00%, 01/13/35 | |
| 575 | | |
| 582,547 | |
| 6.25%, 01/10/36 | |
| 675 | | |
| 675,067 | |
| 6.50%, 07/03/33 | |
| 682 | | |
| 708,854 | |
| Teva Pharmaceutical Finance Netherlands III BV | |
| | | |
| | |
| 4.75%, 05/09/27 | |
| 1,025 | | |
| 1,024,618 | |
| 5.12%, 05/09/29 † | |
| 1,750 | | |
| 1,757,506 | |
| 6.00%, 12/01/32 | |
| 925 | | |
| 963,734 | |
| 7.88%, 09/15/29 | |
| 750 | | |
| 809,423 | |
| 8.12%, 09/15/31 | |
| 825 | | |
| 931,581 | |
Teva Pharmaceutical Finance Netherlands IV BV 5.75%, 12/01/30 | |
| 1,200 | | |
| 1,232,387 | |
Yinson Bergenia Production BV 144A 8.50%, 01/31/45 | |
| 888 | | |
| 952,862 | |
Yinson Boronia Production BV 144A 8.95%, 07/31/42 | |
| 850 | | |
| 941,695 | |
| | |
| | | |
| 13,373,129 | |
| Nigeria: 0.2% | |
| | | |
| | |
SEPLAT Energy PLC 144A 9.12%, 03/21/30 | |
| 1,100 | | |
| 1,175,032 | |
| Oman: 1.7% | |
| | | |
| | |
AL Jawaher Assets Co. SPC 144A 4.66%, 10/29/30 | |
| 1,475 | | |
| 1,451,213 | |
| Mazoon Assets Co. SAOC 144A | |
| | | |
| | |
| 5.20%, 11/08/27 | |
| 800 | | |
| 802,576 | |
| 5.25%, 10/09/31 | |
| 1,325 | | |
| 1,343,027 | |
| 5.50%, 02/14/29 | |
| 975 | | |
| 992,111 | |
OmGrid Funding Ltd. 144A 5.20%, 05/16/27 | |
| 775 | | |
| 777,766 | |
Oryx Funding Ltd. 144A 5.80%, 02/03/31 | |
| 1,000 | | |
| 1,028,199 | |
| Otel Sukuk Ltd. 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| Oman (continued) | |
| | | |
| | |
| 5.38%, 01/24/31 | |
$ | 900 | | |
$ | 914,357 | |
Oztel Holdings SPC Ltd. 144A 6.62%, 04/24/28 | |
| 1,300 | | |
| 1,344,086 | |
| | |
| | | |
| 8,653,335 | |
| Panama: 1.9% | |
| | | |
| | |
AES Panama Generation Holdings SRL 144A 4.38%, 05/31/30 | |
| 2,380 | | |
| 2,238,943 | |
Banco General SA 144A 5.25% (US Treasury Yield Curve Rate T 10 Year+3.67%), 05/07/31 (o)(a) | |
| 675 | | |
| 644,625 | |
Banistmo SA 144A 4.25%, 07/31/27 | |
| 750 | | |
| 738,417 | |
C&W Senior Finance Ltd. 144A 9.00%, 01/15/33 | |
| 1,300 | | |
| 1,333,391 | |
Empresa de Transmision Electrica SA 144A 5.12%, 05/02/49 † | |
| 900 | | |
| 714,694 | |
Global Bank Corp. 144A 5.25%, 04/16/29 | |
| 600 | | |
| 592,245 | |
Mobiliare Latam SA / Mobiliare Latam Mexico SA de CV 144A 6.75%, 11/10/32 | |
| 900 | | |
| 903,560 | |
Multibank, Inc. 144A 7.75%, 02/03/28 | |
| 550 | | |
| 569,591 | |
Sable International Finance Ltd. 144A 7.12%, 10/15/32 | |
| 1,800 | | |
| 1,797,178 | |
| | |
| | | |
| 9,532,644 | |
| Paraguay: 0.1% | |
| | | |
| | |
Frigorifico Concepcion SA 144A 7.70%, 07/21/28 | |
| 425 | | |
| 110,500 | |
Ueno Bank SA 144A 6.70%, 03/06/31 | |
| 600 | | |
| 589,806 | |
| | |
| | | |
| 700,306 | |
| Peru: 2.5% | |
| | | |
| | |
Banco Internacional del Peru SAA Interbank 144A | |
| | | |
| | |
6.40% (US Treasury Yield Curve Rate T 5 Year+2.07%), 04/30/35 †(a) | |
| 600 | | |
| 619,890 | |
| 7.62% (US Treasury Yield Curve Rate T 1 Year+3.65%), 01/16/34 (a) | |
| 525 | | |
| 549,935 | |
Cia de Minas Buenaventura SAA 144A 6.80%, 02/04/32 | |
| 1,150 | | |
| 1,181,832 | |
InRetail Shopping Malls 144A 5.65%, 10/16/32 | |
| 700 | | |
| 693,665 | |
Marcobre SAC 144A 5.75%, 01/22/36 | |
| 700 | | |
| 690,725 | |
| Minsur SA 144A | |
| | | |
| | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Peru (continued) | |
| | | |
| | |
| 4.50%, 10/28/31 | |
$ | 900 | | |
$ | 864,888 | |
Orazul Energy Peru SA 144A 6.25%, 09/17/32 | |
| 700 | | |
| 707,333 | |
Peru LNG Srl 144A 5.38%, 03/22/30 | |
| 1,134 | | |
| 1,099,616 | |
| Petroleos del Peru SA 144A | |
| | | |
| | |
| 4.75%, 06/19/32 | |
| 1,750 | | |
| 1,418,655 | |
| 5.62%, 06/19/47 | |
| 3,625 | | |
| 2,559,232 | |
San Miguel Industrias PET SA 144A 3.75%, 08/02/28 | |
| 725 | | |
| 702,634 | |
Volcan Cia Minera SAA 144A 8.50%, 10/28/32 † | |
| 1,300 | | |
| 1,344,512 | |
| | |
| | | |
| 12,432,917 | |
| Poland: 0.3% | |
| | | |
| | |
Canpack SA / Canpack US LLC 144A 3.88%, 11/15/29 | |
| 1,400 | | |
| 1,325,491 | |
| Saudi Arabia: 1.0% | |
| | | |
| | |
Arabian Centres Sukuk III Ltd. Reg S 9.50%, 03/06/29 † | |
| 1,200 | | |
| 1,243,729 | |
Arabian Centres Sukuk IV Ltd. Reg S 8.88%, 12/04/30 | |
| 1,300 | | |
| 1,324,826 | |
| Dar Al-Arkan Sukuk Co. Ltd. Reg S | |
| | | |
| | |
| 7.25%, 07/02/30 | |
| 600 | | |
| 607,809 | |
| 8.00%, 02/25/29 | |
| 1,800 | | |
| 1,860,853 | |
| | |
| | | |
| 5,037,217 | |
| Serbia: 0.3% | |
| | | |
| | |
Telecommunications co Telekom Srbija AD Belgrade 144A 7.00%, 10/28/29 | |
| 1,650 | | |
| 1,658,475 | |
| Singapore: 0.7% | |
| | | |
| | |
Avation Group S Pte Ltd. 144A 8.50%, 05/15/31 † | |
| 550 | | |
| 514,407 | |
Boroo Investments Pte Ltd. 144A 9.50%, 08/07/32 | |
| 500 | | |
| 490,500 | |
Medco Cypress Tree Pte Ltd. 144A 8.62%, 05/19/30 | |
| 1,050 | | |
| 1,099,344 | |
Medco Maple Tree Pte Ltd. 144A 8.96%, 04/27/29 | |
| 875 | | |
| 905,000 | |
Star Energy Geothermal Wayang Windu Ltd. 144A 6.75%, 04/24/33 | |
| 678 | | |
| 692,009 | |
| | |
| | | |
| 3,701,260 | |
| South Africa: 1.2% | |
| | | |
| | |
Eskom Holdings Reg S 4.31%, 07/23/27 | |
| 750 | | |
| 742,178 | |
Eskom Holdings SOC Ltd. 144A 6.35%, 08/10/28 | |
| 1,816 | | |
| 1,849,354 | |
| | |
Par
(000’s | ) | |
Value | |
| South Africa (continued) | |
| | | |
| | |
| 8.45%, 08/10/28 † | |
$ | 925 | | |
$ | 975,494 | |
Sasol Financing USA LLC 6.50%, 09/27/28 | |
| 450 | | |
| 456,236 | |
Transnet 144A 8.25%, 02/06/28 | |
| 1,750 | | |
| 1,827,813 | |
| | |
| | | |
| 5,851,075 | |
| South Korea: 0.2% | |
| | | |
| | |
Hanwha Totalenergies Petrochemical Co. Ltd. Reg S 5.50%, 07/18/29 | |
| 850 | | |
| 822,880 | |
| Spain: 0.6% | |
| | | |
| | |
AES Espana BV 144A 5.70%, 05/04/28 | |
| 500 | | |
| 490,360 | |
AI Candelaria Spain SA 144A 5.75%, 06/15/33 | |
| 1,100 | | |
| 993,700 | |
Colombia Telecomunicaciones SA ESP 144A 4.95%, 07/17/30 † | |
| 925 | | |
| 868,737 | |
EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU 144A 8.50%, 06/30/32 | |
| 750 | | |
| 779,475 | |
| | |
| | | |
| 3,132,272 | |
| Tanzania: 0.1% | |
| | | |
| | |
AngloGold Ashanti Holdings PLC 6.50%, 04/15/40 | |
| 525 | | |
| 554,348 | |
| Thailand: 1.2% | |
| | | |
| | |
Bangkok Bank PCL 144A 3.73% (US Treasury Yield Curve Rate T 5 Year+1.90%), 09/25/34 (a) | |
| 2,100 | | |
| 1,995,876 | |
GC Treasury Center Co. Ltd. 144A | |
| | | |
| | |
6.50% (US Treasury Yield Curve Rate T 5 Year+2.81%), 09/10/30 (o)(a) | |
| 1,150 | | |
| 1,134,347 | |
| 7.12% (US Treasury Yield Curve Rate T 5 Year+3.16%), 03/10/35 (o)(a) | |
| 800 | | |
| 793,570 | |
Muangthai Capital PCL 144A 7.55%, 07/21/30 | |
| 600 | | |
| 610,542 | |
Muangthai Capital PCL Reg S 6.88%, 09/30/28 | |
| 600 | | |
| 604,198 | |
Thaioil Treasury Center Co. Ltd. 144A 6.10% (US Treasury Yield Curve Rate T 5 Year+2.38%), 01/15/31 (o)(a) | |
| 1,100 | | |
| 1,079,099 | |
| | |
| | | |
| 6,217,632 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Togo: 0.2% | |
| | | |
| | |
Ecobank Transnational, Inc. 144A 10.12%, 10/15/29 | |
$ | 900 | | |
$ | 972,772 | |
| Trinidad and Tobago: 0.6% | |
| | | |
| | |
Heritage Petroleum Co. Ltd. 144A 9.00%, 08/12/29 | |
| 875 | | |
| 895,213 | |
National Gas Co. of Trinidad & Tobago Ltd. 144A 6.05%, 01/15/36 | |
| 725 | | |
| 663,455 | |
Telecommunications Services of Trinidad & Tobago Ltd. 144A 8.88%, 10/18/29 | |
| 475 | | |
| 485,440 | |
Trinidad Generation UnLtd. 144A 7.75%, 06/16/33 | |
| 900 | | |
| 952,429 | |
| | |
| | | |
| 2,996,537 | |
| Turkey: 8.0% | |
| | | |
| | |
ADM Elektrik Dagitim AS 144A 9.50%, 02/05/31 † | |
| 600 | | |
| 590,356 | |
Akbank TAS 144A | |
| | | |
| | |
7.50%, 01/20/30 | |
| 600 | | |
| 621,642 | |
| 7.88% (US Treasury Yield Curve Rate T 5 Year+3.73%), 09/04/35 (a) | |
| 650 | | |
| 658,504 | |
Anadolu Efes Biracilik Ve Malt Sanayii AS 144A 3.38%, 06/29/28 | |
| 600 | | |
| 563,952 | |
Arcelik AS Reg S 8.50%, 09/25/28 † | |
| 500 | | |
| 522,335 | |
Aydem Yenilenebilir Enerji AS 144A 9.88%, 09/30/30 | |
| 625 | | |
| 633,682 | |
Cimko Cimento Ve Beton Sanayi Ve Ticaret AS 144A 10.75%, 05/21/30 | |
| 450 | | |
| 477,400 | |
Eregli Demir ve Celik Fabrikalari TAS 144A 8.38%, 07/23/29 | |
| 1,200 | | |
| 1,251,461 | |
Ford Otomotiv Sanayi AS 144A 7.12%, 04/25/29 | |
| 600 | | |
| 612,196 | |
GDZ Elektrik Dagitim AS 144A 9.00%, 10/15/29 | |
| 650 | | |
| 631,924 | |
ICA ICTAS Altyapi Yavuz Sultan Selim Koprusu Ve Kuzey Cevre Otoyolu Yatirim Ve I Reg S 7.54%, 10/31/27 | |
| 500 | | |
| 507,243 | |
Limak Cimento Sanayi ve Ticaret AS 144A 9.75%, 07/25/29 † | |
| 925 | | |
| 935,444 | |
| Limak Iskenderun Uluslararasi Liman Isletmeciligi AS 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| Turkey (continued) | |
| | | |
| | |
| 9.50%, 07/10/36 | |
$ | 381 | | |
$ | 386,045 | |
Limak Yenilenebilir Enerji AS 144A 9.62%, 08/12/30 | |
| 700 | | |
| 700,244 | |
Mersin Uluslararasi Liman Isletmeciligi AS 144A 8.25%, 11/15/28 | |
| 800 | | |
| 827,788 | |
Pegasus Hava Tasimaciligi AS 144A 8.00%, 09/11/31 | |
| 600 | | |
| 601,617 | |
| QNB Bank AS Reg S | |
| | | |
| | |
| 5.88%, 02/11/31 | |
| 200 | | |
| 195,862 | |
| 7.25%, 05/21/29 | |
| 800 | | |
| 829,163 | |
| 10.75% (US Treasury Yield Curve Rate T 5 Year+6.24%), 11/15/33 (a) | |
| 500 | | |
| 550,167 | |
Ronesans Holding AS 144A 8.50%, 10/10/29 | |
| 500 | | |
| 497,317 | |
TAV Havalimanlari Holding AS 144A 8.50%, 12/07/28 | |
| 575 | | |
| 593,516 | |
| TC Ziraat Bankasi AS 144A | |
| | | |
| | |
| 7.25%, 02/04/30 | |
| 1,000 | | |
| 1,020,642 | |
| 8.00%, 01/16/29 | |
| 600 | | |
| 629,705 | |
| 8.99% (US Treasury Yield Curve Rate T 5 Year+4.33%), 08/02/34 (a) | |
| 600 | | |
| 625,462 | |
TPAO Varlik Kiralama ASA Reg S 6.30%, 03/04/31 | |
| 1,200 | | |
| 1,187,457 | |
TT Varlik Kiralama AS 144A 6.50%, 10/30/30 | |
| 700 | | |
| 697,777 | |
Turk Ekonomi Bankasi AS Reg S 9.38% (US Treasury Yield Curve Rate T 5 Year+5.41%), 01/17/34 †(a) | |
| 500 | | |
| 524,660 | |
| Turk Telekomunikasyon AS 144A | |
| | | |
| | |
| 6.95%, 10/07/32 | |
| 800 | | |
| 799,375 | |
| 7.38%, 05/20/29 | |
| 600 | | |
| 616,468 | |
| Turkcell Iletisim Hizmetleri AS 144A | |
| | | |
| | |
| 5.80%, 04/11/28 | |
| 675 | | |
| 677,559 | |
| 7.45%, 01/24/30 | |
| 600 | | |
| 620,274 | |
| 7.65%, 01/24/32 | |
| 625 | | |
| 652,885 | |
Turkiye Garanti Bankasi AS 144A 7.62% (US Treasury Yield Curve Rate T 5 Year+3.87%), 04/15/36 (a) | |
| 800 | | |
| 796,458 | |
| 8.12% (US Treasury Yield Curve Rate T 5 Year+3.84%), 01/03/35 (a) | |
| 900 | | |
| 917,249 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Turkey (continued) | |
| | | |
| | |
| 8.12% (US Treasury Yield Curve Rate T 5 Year+4.33%), 01/08/36 †(a) | |
$ | 650 | | |
$ | 661,074 | |
| 8.38% (US Treasury Yield Curve Rate T 5 Year+4.09%), 02/28/34 (a) | |
| 650 | | |
| 668,871 | |
Turkiye Is Bankasi AS 144A 7.38% (US Treasury Yield Curve Rate T 5 Year+3.63%), 04/02/36 (a) | |
| 600 | | |
| 593,338 | |
| 7.58% (US Treasury Yield Curve Rate T 5 Year+3.65%), 02/05/37 (a) | |
| 600 | | |
| 595,738 | |
| 7.75%, 06/12/29 | |
| 600 | | |
| 625,670 | |
| Turkiye Sinai Kalkinma Bankasi AS 144A | |
| | | |
| | |
| 7.12%, 10/17/29 | |
| 450 | | |
| 460,198 | |
| 7.38%, 07/02/30 | |
| 450 | | |
| 461,835 | |
| 9.38%, 10/19/28 | |
| 400 | | |
| 434,398 | |
| Turkiye Vakiflar Bankasi TAO 144A | |
| | | |
| | |
| 6.88%, 01/07/30 | |
| 575 | | |
| 579,226 | |
| 7.25%, 07/31/30 | |
| 950 | | |
| 963,163 | |
| 8.99% (US Treasury Yield Curve Rate T 5 Year+4.67%), 10/05/34 (a) | |
| 900 | | |
| 937,502 | |
| 9.00%, 10/12/28 | |
| 1,000 | | |
| 1,075,778 | |
| Turkiye Varlik Fonu Yonetimi AS Reg S | |
| | | |
| | |
| 7.75%, 09/10/35 | |
| 600 | | |
| 611,583 | |
| 8.25%, 02/14/29 | |
| 750 | | |
| 788,504 | |
TVF Varlik Kiralama AS Reg S 6.95%, 01/23/30 | |
| 1,600 | | |
| 1,621,968 | |
Ulker Biskuvi Sanayi AS 144A 7.88%, 07/08/31 | |
| 700 | | |
| 721,718 | |
Vestel Elektronik Sanayi ve Ticaret AS 144A 9.75%, 05/15/29 | |
| 600 | | |
| 352,490 | |
| Yapi ve Kredi Bankasi AS 144A | |
| | | |
| | |
| 7.12%, 10/10/29 | |
| 600 | | |
| 613,807 | |
| 7.25%, 03/03/30 | |
| 650 | | |
| 663,431 | |
| 7.55% (US Treasury Yield Curve Rate T 5 Year+3.83%), 06/11/36 (a) | |
| 900 | | |
| 891,732 | |
| 9.25%, 10/16/28 | |
| 1,000 | | |
| 1,080,380 | |
| 9.25% (US Treasury Yield Curve Rate T 5 Year+5.28%), 01/17/34 (a) | |
| 775 | | |
| 809,459 | |
| Zorlu Enerji Elektrik Uretim AS 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| Turkey (continued) | |
| | |
| |
| 11.00%, 04/23/30 | |
$ | 1,350 | | |
$ | 1,201,861 | |
| | |
| | | |
| 40,367,553 | |
| Ukraine: 0.5% | |
| | | |
| | |
Kernel Holding SA 144A 6.75%, 10/27/27 | |
| 400 | | |
| 387,988 | |
| Metinvest BV 144A | |
| | | |
| | |
| 7.65%, 10/01/27 | |
| 500 | | |
| 480,407 | |
| 7.75%, 10/17/29 | |
| 825 | | |
| 731,890 | |
NAK Naftogaz Ukraine via Kondor Finance PLC 144A 7.62%, 11/08/28 | |
| 846 | | |
| 658,614 | |
Ukraine Railways Via Rail Capital Markets PLC Reg S 7.88%, 07/15/28 (d) * | |
| 469 | | |
| 350,850 | |
| | |
| | | |
| 2,609,749 | |
| United Arab Emirates: 2.6% | |
| | | |
| | |
Alpha Star Holding IX Ltd. Reg S 7.00%, 08/26/28 | |
| 1,500 | | |
| 1,497,923 | |
Alpha Star Holding X Ltd. Reg S 6.12%, 08/05/29 | |
| 900 | | |
| 870,967 | |
| Arada Sukuk 2 Ltd. Reg S | |
| | | |
| | |
| 7.15%, 08/05/30 † | |
| 900 | | |
| 885,042 | |
| 8.00%, 06/24/29 | |
| 1,000 | | |
| 1,012,568 | |
Arada Sukuk Ltd. Reg S 8.12%, 06/08/27 | |
| 600 | | |
| 604,355 | |
Axian Telecom Holding & Management PLC 144A 7.25%, 07/11/30 | |
| 1,100 | | |
| 1,110,907 | |
| Binghatti Sukuk 2 Spv Ltd. Reg S | |
| | | |
| | |
| 8.12%, 08/07/30 † | |
| 1,500 | | |
| 1,366,967 | |
| 8.38%, 08/12/31 | |
| 200 | | |
| 180,965 | |
Binghatti Sukuk 2 SPV Ltd. Reg S 7.75%, 07/02/29 † | |
| 900 | | |
| 834,404 | |
Ittihad International II Ltd. 144A 7.38%, 11/13/30 | |
| 1,000 | | |
| 1,007,487 | |
MAF Global Securities Ltd. Reg S 5.75% (US Treasury Yield Curve Rate T 5 Year+2.05%), 11/20/30 (o)(a) | |
| 450 | | |
| 434,385 | |
| 7.88% (US Treasury Yield Curve Rate T 5 Year+4.89%), 06/30/27 (o)(a) | |
| 1,000 | | |
| 1,012,992 | |
| Omniyat Sukuk 1 Ltd. Reg S | |
| | | |
| | |
| 7.25%, 03/16/29 † | |
| 750 | | |
| 700,232 | |
| 7.25%, 03/04/31 | |
| 200 | | |
| 179,452 | |
| 8.38%, 05/06/28 † | |
| 1,700 | | |
| 1,666,546 | |
| | |
| | | |
| 13,365,192 | |
| United Kingdom: 5.8% | |
| | | |
| | |
| Avianca Midco 2 PLC 144A | |
| | | |
| | |
| 9.00%, 12/01/28 | |
| 796 | | |
| 773,629 | |
| 9.50%, 01/28/31 | |
| 1,250 | | |
| 1,165,625 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United Kingdom (continued) | |
| | | |
| | |
| 9.62%, 02/14/30 | |
$ | 1,750 | | |
$ | 1,650,906 | |
| Azule Energy Finance PLC 144A | |
| | | |
| | |
| 8.12%, 01/23/30 | |
| 2,000 | | |
| 2,064,686 | |
| 8.25%, 01/22/31 | |
| 1,700 | | |
| 1,757,201 | |
| 8.62%, 01/22/33 | |
| 1,100 | | |
| 1,142,557 | |
Bidvest Group UK PLC 144A 6.20%, 09/17/32 | |
| 900 | | |
| 904,925 | |
Biocon Biologics Global PLC 144A 6.67%, 10/09/29 | |
| 1,400 | | |
| 1,411,961 | |
Endeavour Mining PLC 144A 7.00%, 05/28/30 | |
| 850 | | |
| 873,168 | |
| IHS Holding Ltd. 144A | |
| | | |
| | |
| 6.25%, 11/29/28 | |
| 950 | | |
| 947,975 | |
| 7.88%, 05/29/30 | |
| 1,050 | | |
| 1,083,763 | |
| 8.25%, 11/29/31 † | |
| 1,050 | | |
| 1,099,254 | |
Liquid Telecommunications Financing Plc 144A 10.75%, 04/14/31 | |
| 500 | | |
| 509,029 | |
Panama Infrastructure Receivable Purchaser PLC 144A 0.00%, 04/05/32 ^ | |
| 2,525 | | |
| 2,020,139 | |
| Sisecam UK PLC 144A | |
| | | |
| | |
| 8.25%, 05/02/29 | |
| 850 | | |
| 871,658 | |
| 8.38%, 01/23/33 † | |
| 650 | | |
| 664,574 | |
| 8.62%, 05/02/32 | |
| 950 | | |
| 977,729 | |
Trident Energy Finance PLC 144A 12.50%, 11/30/29 | |
| 500 | | |
| 535,262 | |
| Vedanta Resources Finance II PLC 144A | |
| | | |
| | |
| 9.12%, 10/15/32 | |
| 800 | | |
| 832,767 | |
| 9.47%, 07/24/30 | |
| 1,000 | | |
| 1,054,003 | |
| 9.85%, 04/24/33 | |
| 1,000 | | |
| 1,067,067 | |
| 10.25%, 06/03/28 | |
| 600 | | |
| 615,982 | |
| 10.88%, 09/17/29 | |
| 2,150 | | |
| 2,285,738 | |
| 11.25%, 12/03/31 | |
| 800 | | |
| 877,983 | |
| WE Soda Investments Holding PLC 144A | |
| | | |
| | |
| 9.38%, 02/14/31 | |
| 900 | | |
| 897,476 | |
| 9.50%, 10/06/28 | |
| 1,250 | | |
| 1,266,150 | |
| | |
| | | |
| 29,351,207 | |
| United States: 3.9% | |
| | | |
| | |
3R Lux SARL 144A 9.75%, 02/05/31 | |
| 425 | | |
| 447,653 | |
Azul Secured Finance LLP 144A 9.88%, 02/15/31 | |
| 800 | | |
| 713,000 | |
Azul Secured Finance LLP Escrow Shares 0.00%, 0 ^∞ | |
| 114 | | |
| 2,432 | |
Canpack Group, Inc. / Canpack SA 144A 6.00%, 05/15/31 | |
| 900 | | |
| 900,898 | |
| EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 5.38%, 12/30/30 | |
$ | 1,164 | | |
$ | 1,084,141 | |
Gran Tierra Energy, Inc. 144A 9.75%, 04/15/31 | |
| 956 | | |
| 876,088 | |
| Kosmos Energy Ltd. 144A | |
| | | |
| | |
| 7.50%, 03/01/28 | |
| 750 | | |
| 739,487 | |
| 8.75%, 10/01/31 † | |
| 875 | | |
| 809,165 | |
Mong Duong Finance Holdings BV 144A 5.12%, 05/07/29 | |
| 695 | | |
| 686,685 | |
Playtika Holding Corp. 144A 4.25%, 03/15/29 | |
| 1,100 | | |
| 948,426 | |
Sasol Financing USA LLC 5.50%, 03/18/31 | |
| 1,625 | | |
| 1,532,866 | |
| Sasol Financing USA LLC 144A | |
| | | |
| | |
| 8.75%, 05/03/29 | |
| 1,502 | | |
| 1,590,454 | |
| 8.75%, 04/10/33 | |
| 1,300 | | |
| 1,373,873 | |
SierraCol Energy Andina LLC / SierraCol Energy Arauca / Colombia Energy Development 144A 9.00%, 11/14/30 † | |
| 1,000 | | |
| 1,014,565 | |
SierraCol Energy Andina LLC 144A 6.00%, 06/15/28 | |
| 676 | | |
| 654,834 | |
Stillwater Mining Co. 144A 4.50%, 11/16/29 | |
| 950 | | |
| 909,930 | |
| Wynn Macau Ltd. 144A | |
| | | |
| | |
| 5.12%, 12/15/29 | |
| 1,750 | | |
| 1,709,151 | |
| 5.50%, 10/01/27 | |
| 1,275 | | |
| 1,272,738 | |
| 5.62%, 08/26/28 | |
| 2,300 | | |
| 2,284,912 | |
| | |
| | | |
| 19,551,298 | |
| Uruguay: 0.2% | |
| | | |
| | |
Navios South American Logistics, Inc. 144A Reg S 8.88%, 07/14/30 | |
| 800 | | |
| 833,145 | |
| Uzbekistan: 1.7% | |
| | | |
| | |
Ipoteka-Bank ATIB Reg S 6.45%, 10/09/30 | |
| 500 | | |
| 503,136 | |
JSCB Agrobank 144A 9.25%, 10/02/29 | |
| 700 | | |
| 763,113 | |
| Navoi Mining & Metallurgical Combinat 144A | |
| | | |
| | |
| 6.70%, 10/17/28 | |
| 850 | | |
| 874,444 | |
| 6.75%, 05/14/30 | |
| 800 | | |
| 833,435 | |
| 6.95%, 10/17/31 | |
| 950 | | |
| 1,010,615 | |
Navoiyuran State Enterprise 144A 6.70%, 07/02/30 | |
| 550 | | |
| 562,996 | |
Uzauto Motors AJ 144A 7.38%, 11/19/30 | |
| 650 | | |
| 667,466 | |
Uzbek Industrial and Construction Bank ATB 144A 8.95%, 07/24/29 † | |
| 700 | | |
| 758,297 | |
Uzbekneftegaz JSC 144A 4.75%, 11/16/28 | |
| 1,250 | | |
| 1,218,596 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Uzbekistan (continued) | |
| | |
| |
| 8.75%, 05/07/30 | |
$ | 1,500 | | |
$ | 1,616,753 | |
| | |
| | | |
| 8,808,851 | |
Total Corporate Bonds
(Cost: $471,355,962) | |
| | | |
| 470,123,332 | |
| | |
| | | |
| | |
| GOVERNMENT OBLIGATIONS: 4.2% | |
| | | |
| | |
| Argentina: 3.0% | |
| | | |
| | |
| Ciudad Autonoma De Buenos Aires 144A | |
| | | |
| | |
| 7.50%, 06/01/27 | |
| 950 | | |
| 965,129 | |
| 7.80%, 11/26/33 | |
| 1,000 | | |
| 1,038,820 | |
Province of Santa Fe 144A 8.10%, 12/11/34 | |
| 1,350 | | |
| 1,326,375 | |
Provincia de Buenos Aires 144A 6.62%, 09/01/37 (s) | |
| 10,006 | | |
| 7,746,376 | |
| Provincia de Cordoba 144A | |
| | | |
| | |
| 6.88%, 02/01/29 (s) | |
| 782 | | |
| 761,566 | |
| 8.60%, 02/03/35 | |
| 1,400 | | |
| 1,354,500 | |
| 9.75%, 07/02/32 | |
| 1,200 | | |
| 1,250,100 | |
Provincia de Entre Rios Argentina 144A 9.55%, 03/04/33 | |
| 500 | | |
| 483,750 | |
| | |
| | | |
| 14,926,616 | |
| Pakistan: 0.2% | |
| | | |
| | |
Pakistan Water & Power Development Authority Reg S 7.50%, 06/04/31 | |
| 850 | | |
| 804,485 | |
| Turkey: 0.8% | |
| | | |
| | |
Istanbul Metropolitan Municipality 144A 10.50%, 12/06/28 | |
| 925 | | |
| 1,002,738 | |
| | |
Par
(000’s | ) | |
Value | |
| Turkey (continued) | |
| | | |
| | |
| Turkiye Ihracat Kredi Bankasi AS 144A | |
| | | |
| | |
| 6.12%, 05/02/29 | |
$ | 700 | | |
$ | 699,110 | |
| 6.38%, 10/03/30 | |
| 600 | | |
| 593,256 | |
| 6.38%, 01/15/31 | |
| 600 | | |
| 588,996 | |
| 6.88%, 07/03/28 | |
| 300 | | |
| 306,775 | |
| 7.50%, 02/06/28 | |
| 1,100 | | |
| 1,137,511 | |
| | |
| | | |
| 4,328,386 | |
| Uzbekistan: 0.2% | |
| | | |
| | |
| National Bank of Uzbekistan Reg S | |
| | | |
| | |
| 7.20%, 07/17/30 | |
| 200 | | |
| 208,669 | |
| 8.50%, 07/05/29 | |
| 900 | | |
| 966,743 | |
| | |
| | | |
| 1,175,412 | |
Total Government Obligations
(Cost: $17,751,663) | |
| | | |
| 21,234,899 | |
| | |
| | | |
| | |
Total Investments Before Collateral for Securities Loaned: 97.4%
(Cost: $489,107,625) |
| 491,358,231 | |
| | |
| | | |
| | |
| | |
Number
of Shares | | |
| | |
| SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 4.6% | | |
| | |
Money Market Fund: 4.6%
(Cost: $23,131,597) | |
| | | |
| | |
| State Street Navigator Securities Lending Government Money Market Portfolio 3.67%(b) | |
| 23,131,597 | | |
| 23,131,597 | |
Total Investments: 102.0%
(Cost: $512,239,222) | |
| | | |
| 514,489,828 | |
| Liabilities in excess of other assets: (2.0)% | |
| | | |
| (10,043,246) | |
| NET ASSETS: 100.0% | |
| | | |
$ | 504,446,582 | |
Footnotes:
| (a) |
|
Variable rate security — the rate shown is as of 04/30/26 |
| (b) |
|
The rate shown is the 7-day yield as of 04/30/26. |
| (d) |
|
Security in default |
| (o) |
|
Perpetual Maturity — the date shown, if applicable, is the next call date |
| (s) |
|
Coupon adjusts periodically based upon a predetermined schedule. The rate shown reflects the rate in effect at April 30,
2026. |
| * |
|
Non-income producing |
| ^ |
|
Zero Coupon Bond |
| † |
|
Security fully or partially on loan. Total market value of securities on loan is $23,958,059. |
| ∞ |
|
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| |
|
|
| Reg S |
|
Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and
sold outside of the United States from registering with the Securities and Exchange Commission. Such a security cannot be
sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933,
or pursuant to an exemption from registration. |
| 144A |
|
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted.
These securities may be resold in transactions exempt from registration, unless otherwise noted. These securities have an
aggregate value of $376,606,119, or 74.7% of net assets. |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
The summary of inputs used to value the Fund’s investments as
of April 30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Corporate Bonds | |
| | | |
| | | |
| | | |
| | |
| Argentina | |
$ | — | | |
$ | 35,239,840 | | |
$ | — | | |
$ | 35,239,840 | |
| Australia | |
| — | | |
| 312,435 | | |
| — | | |
| 312,435 | |
| Austria | |
| — | | |
| 918,610 | | |
| — | | |
| 918,610 | |
| Azerbaijan | |
| — | | |
| 1,376,166 | | |
| — | | |
| 1,376,166 | |
| Bahrain | |
| — | | |
| 8,126,712 | | |
| — | | |
| 8,126,712 | |
| Bermuda | |
| — | | |
| 1,274,867 | | |
| — | | |
| 1,274,867 | |
| Brazil | |
| — | | |
| 29,271,923 | | |
| — | | |
| 29,271,923 | |
| British Virgin Islands | |
| — | | |
| 1,170,986 | | |
| — | | |
| 1,170,986 | |
| Canada | |
| — | | |
| 11,714,248 | | |
| — | | |
| 11,714,248 | |
| Chile | |
| — | | |
| 7,312,267 | | |
| — | | |
| 7,312,267 | |
| China | |
| — | | |
| 29,222,401 | | |
| — | | |
| 29,222,401 | |
| Colombia | |
| — | | |
| 32,507,715 | | |
| — | | |
| 32,507,715 | |
| Costa Rica | |
| — | | |
| 2,069,766 | | |
| — | | |
| 2,069,766 | |
| Cyprus | |
| — | | |
| 588,812 | | |
| — | | |
| 588,812 | |
| Dominican Republic | |
| — | | |
| 1,376,397 | | |
| — | | |
| 1,376,397 | |
| Ecuador | |
| — | | |
| 542,885 | | |
| — | | |
| 542,885 | |
| El Salvador | |
| — | | |
| 1,063,000 | | |
| — | | |
| 1,063,000 | |
| Georgia | |
| — | | |
| 2,072,530 | | |
| — | | |
| 2,072,530 | |
| Guatemala | |
| — | | |
| 5,879,480 | | |
| — | | |
| 5,879,480 | |
| Hong Kong | |
| — | | |
| 2,435,258 | | |
| — | | |
| 2,435,258 | |
| Hungary | |
| — | | |
| 2,682,030 | | |
| — | | |
| 2,682,030 | |
| India | |
| — | | |
| 17,490,640 | | |
| — | | |
| 17,490,640 | |
| Indonesia | |
| — | | |
| 3,389,726 | | |
| — | | |
| 3,389,726 | |
| Ireland | |
| — | | |
| 1,166,680 | | |
| — | | |
| 1,166,680 | |
| Israel | |
| — | | |
| 10,172,758 | | |
| — | | |
| 10,172,758 | |
| Jamaica | |
| — | | |
| 5,099,940 | | |
| 0 | | |
| 5,099,940 | |
| Kazakhstan | |
| — | | |
| 722,831 | | |
| — | | |
| 722,831 | |
| Kyrgyzstan | |
| — | | |
| 902,495 | | |
| — | | |
| 902,495 | |
| Luxembourg | |
| — | | |
| 22,229,025 | | |
| — | | |
| 22,229,025 | |
| Mauritius | |
| — | | |
| 4,411,170 | | |
| — | | |
| 4,411,170 | |
| Mexico | |
| — | | |
| 29,533,385 | | |
| — | | |
| 29,533,385 | |
| Mongolia | |
| — | | |
| 2,132,846 | | |
| — | | |
| 2,132,846 | |
| Morocco | |
| — | | |
| 2,689,191 | | |
| — | | |
| 2,689,191 | |
| Netherlands | |
| — | | |
| 13,373,129 | | |
| — | | |
| 13,373,129 | |
| Nigeria | |
| — | | |
| 1,175,032 | | |
| — | | |
| 1,175,032 | |
| Oman | |
| — | | |
| 8,653,335 | | |
| — | | |
| 8,653,335 | |
| Panama | |
| — | | |
| 9,532,644 | | |
| — | | |
| 9,532,644 | |
| Paraguay | |
| — | | |
| 700,306 | | |
| — | | |
| 700,306 | |
| Peru | |
| — | | |
| 12,432,917 | | |
| — | | |
| 12,432,917 | |
| Poland | |
| — | | |
| 1,325,491 | | |
| — | | |
| 1,325,491 | |
| Saudi Arabia | |
| — | | |
| 5,037,217 | | |
| — | | |
| 5,037,217 | |
| Serbia | |
| — | | |
| 1,658,475 | | |
| — | | |
| 1,658,475 | |
| Singapore | |
| — | | |
| 3,701,260 | | |
| — | | |
| 3,701,260 | |
| South Africa | |
| — | | |
| 5,851,075 | | |
| — | | |
| 5,851,075 | |
| South Korea | |
| — | | |
| 822,880 | | |
| — | | |
| 822,880 | |
| Spain | |
| — | | |
| 3,132,272 | | |
| — | | |
| 3,132,272 | |
| Tanzania | |
| — | | |
| 554,348 | | |
| — | | |
| 554,348 | |
| Thailand | |
| — | | |
| 6,217,632 | | |
| — | | |
| 6,217,632 | |
| Togo | |
| — | | |
| 972,772 | | |
| — | | |
| 972,772 | |
| Trinidad and Tobago | |
| — | | |
| 2,996,537 | | |
| — | | |
| 2,996,537 | |
| Turkey | |
| — | | |
| 40,367,553 | | |
| — | | |
| 40,367,553 | |
| Ukraine | |
| — | | |
| 2,609,749 | | |
| — | | |
| 2,609,749 | |
| United Arab Emirates | |
| — | | |
| 13,365,192 | | |
| — | | |
| 13,365,192 | |
| United Kingdom | |
| — | | |
| 29,351,207 | | |
| — | | |
| 29,351,207 | |
| United States | |
| — | | |
| 19,548,866 | | |
| 2,432 | | |
| 19,551,298 | |
See Notes to Financial Statements
VANECK EMERGING MARKETS HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Uruguay | |
$ | — | | |
$ | 833,145 | | |
$ | — | | |
$ | 833,145 | |
| Uzbekistan | |
| — | | |
| 8,808,851 | | |
| — | | |
| 8,808,851 | |
| Government Obligations * | |
| — | | |
| 21,234,899 | | |
| — | | |
| 21,234,899 | |
| Money Market Fund | |
| 23,131,597 | | |
| — | | |
| — | | |
| 23,131,597 | |
| Total Investments | |
$ | 23,131,597 | | |
$ | 491,355,799 | | |
$ | 2,432 | | |
$ | 514,489,828 | |
| |
|
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK FALLEN ANGEL HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| CORPORATE BONDS: 98.1% | |
| | | |
| | |
| Australia: 1.7% | |
| | | |
| | |
| Buckeye Partners LP | |
| | | |
| | |
| 4.12%, 12/01/27 | |
$ | 19,675 | | |
$ | 19,352,912 | |
| 5.60%, 10/15/44 | |
| 14,775 | | |
| 13,212,315 | |
| 5.85%, 11/15/43 | |
| 19,675 | | |
| 18,030,947 | |
| | |
| | | |
| 50,596,174 | |
| Canada: 3.6% | |
| | | |
| | |
Bombardier, Inc. 144A 7.45%, 05/01/34 | |
| 25,100 | | |
| 27,668,533 | |
| Methanex Corp. | |
| | | |
| | |
| 5.25%, 12/15/29 † | |
| 34,450 | | |
| 34,255,860 | |
| 5.65%, 12/01/44 † | |
| 14,750 | | |
| 13,509,190 | |
TransAlta Corp. 6.50%, 03/15/40 | |
| 14,760 | | |
| 14,785,904 | |
Wilton RE Ltd. 144A 6.00% (US Treasury Yield Curve Rate T 5 Year+5.27%), 10/22/30 (o)(a) | |
| 19,689 | | |
| 19,153,656 | |
| | |
| | | |
| 109,373,143 | |
| Germany: 1.7% | |
| | | |
| | |
Dresdner Funding Trust I 144A 8.15%, 06/30/31 | |
| 49,192 | | |
| 53,275,684 | |
| Ireland: 2.3% | |
| | | |
| | |
Aptiv Swiss Holdings Ltd. 6.88% (US Treasury Yield Curve Rate T 5 Year+3.38%), 12/15/54 (a) | |
| 24,650 | | |
| 25,285,164 | |
| Perrigo Finance Unlimited Co. | |
| | | |
| | |
| 4.90%, 12/15/44 † | |
| 14,975 | | |
| 10,954,690 | |
| 5.15%, 06/15/30 | |
| 36,900 | | |
| 35,018,997 | |
| | |
| | | |
| 71,258,851 | |
| Italy: 3.5% | |
| | | |
| | |
| Telecom Italia Capital SA | |
| | | |
| | |
| 6.00%, 09/30/34 | |
| 24,600 | | |
| 25,326,290 | |
| 6.38%, 11/15/33 † | |
| 24,575 | | |
| 25,816,332 | |
| 7.20%, 07/18/36 | |
| 24,625 | | |
| 26,905,694 | |
| 7.72%, 06/04/38 | |
| 24,600 | | |
| 27,879,402 | |
| | |
| | | |
| 105,927,718 | |
| Japan: 6.7% | |
| | | |
| | |
| Nissan Motor Co. Ltd. 144A | |
| | | |
| | |
| 4.34%, 09/17/27 | |
| 106,503 | | |
| 105,322,871 | |
| 4.81%, 09/17/30 | |
| 106,525 | | |
| 99,581,629 | |
| | |
| | | |
| 204,904,500 | |
| Luxembourg: 0.3% | |
| | | |
| | |
SES SA 144A 5.30%, 04/04/43 | |
| 12,300 | | |
| 9,560,940 | |
| United Kingdom: 3.3% | |
| | | |
| | |
Vodafone Group PLC 7.00% (USD Swap Semi 30/360 5 Year+4.87%), 04/04/79 (a) | |
| 98,375 | | |
| 102,654,608 | |
| United States: 75.0% | |
| | | |
| | |
| Advance Auto Parts, Inc. | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 1.75%, 10/01/27 | |
$ | 17,222 | | |
$ | 16,453,065 | |
| 3.50%, 03/15/32 † | |
| 17,225 | | |
| 15,152,746 | |
| 3.90%, 04/15/30 † | |
| 24,600 | | |
| 23,087,186 | |
| 5.95%, 03/09/28 | |
| 14,773 | | |
| 15,037,097 | |
Bath & Body Works, Inc. 6.95%, 03/01/33 | |
| 14,000 | | |
| 13,614,803 | |
BlackRock TCP Capital Corp. 6.95%, 05/30/29 † | |
| 16,000 | | |
| 15,827,156 | |
| Brandywine Operating Partnership LP | |
| | | |
| | |
| 3.95%, 11/15/27 | |
| 22,150 | | |
| 21,631,465 | |
| 4.55%, 10/01/29 † | |
| 17,225 | | |
| 16,033,998 | |
| 8.30%, 03/15/28 | |
| 17,225 | | |
| 17,920,425 | |
| Celanese US Holdings LLC | |
| | | |
| | |
| 6.85%, 11/15/28 | |
| 36,725 | | |
| 38,436,348 | |
| 7.05%, 11/15/30 | |
| 49,225 | | |
| 52,871,342 | |
| 7.17%, 07/15/27 † | |
| 27,275 | | |
| 28,022,199 | |
| 7.20%, 11/15/33 | |
| 49,225 | | |
| 53,250,768 | |
| 7.33%, 07/15/29 | |
| 36,900 | | |
| 38,730,683 | |
| 7.38%, 07/15/32 | |
| 49,225 | | |
| 52,201,980 | |
Crane NXT Co. 4.20%, 03/15/48 | |
| 17,225 | | |
| 11,259,810 | |
Diversified Healthcare Trust 4.75%, 02/15/28 | |
| 24,600 | | |
| 23,942,275 | |
DPL LLC 4.35%, 04/15/29 | |
| 19,675 | | |
| 19,124,261 | |
Embarq LLC 8.00%, 06/01/36 † | |
| 59,825 | | |
| 16,511,700 | |
Entegris, Inc. 144A 4.75%, 04/15/29 | |
| 78,750 | | |
| 78,202,207 | |
Fluor Corp. 4.25%, 09/15/28 | |
| 24,893 | | |
| 24,638,845 | |
| FMC Corp. | |
| | | |
| | |
| 3.45%, 10/01/29 † | |
| 24,600 | | |
| 22,276,029 | |
| 4.50%, 10/01/49 | |
| 24,625 | | |
| 15,399,837 | |
| 5.65%, 05/18/33 † | |
| 24,600 | | |
| 21,762,191 | |
| 6.38%, 05/18/53 † | |
| 24,600 | | |
| 18,575,312 | |
| FS KKR Capital Corp. | |
| | | |
| | |
| 3.12%, 10/12/28 † | |
| 36,900 | | |
| 34,581,122 | |
| 3.25%, 07/15/27 | |
| 24,600 | | |
| 23,901,431 | |
| 6.12%, 01/15/30 † | |
| 34,450 | | |
| 33,400,696 | |
| 6.12%, 01/15/31 † | |
| 19,675 | | |
| 19,017,039 | |
| 6.88%, 08/15/29 | |
| 29,525 | | |
| 29,447,146 | |
| 7.88%, 01/15/29 † | |
| 19,700 | | |
| 20,273,419 | |
| Hudson Pacific Properties LP | |
| | | |
| | |
| 3.25%, 01/15/30 † | |
| 19,700 | | |
| 16,803,489 | |
| 3.95%, 11/01/27 | |
| 19,675 | | |
| 19,054,842 | |
| 4.65%, 04/01/29 † | |
| 24,600 | | |
| 22,037,300 | |
| 5.95%, 02/15/28 † | |
| 17,225 | | |
| 16,806,041 | |
| Huntsman International LLC | |
| | | |
| | |
| 2.95%, 06/15/31 † | |
| 19,675 | | |
| 16,812,732 | |
| 4.50%, 05/01/29 † | |
| 36,875 | | |
| 35,338,099 | |
| 5.70%, 10/15/34 † | |
| 17,200 | | |
| 16,155,047 | |
| Kohl’s Corp. | |
| | | |
| | |
| 5.12%, 05/01/31 † | |
| 19,100 | | |
| 15,637,159 | |
| 5.55%, 07/17/45 | |
| 21,025 | | |
| 12,795,369 | |
Lumen Technologies, Inc. 7.60%, 09/15/39 | |
| 17,150 | | |
| 16,549,750 | |
See Notes to Financial Statements
VANECK FALLEN ANGEL HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| Macy’s Retail Holdings LLC | |
| | | |
| | |
| 4.30%, 02/15/43 | |
$ | 12,305 | | |
$ | 8,266,282 | |
| 4.50%, 12/15/34 | |
| 18,025 | | |
| 15,745,465 | |
| 5.12%, 01/15/42 † | |
| 12,325 | | |
| 9,332,724 | |
Murphy Oil Corp. 5.88%, 12/01/42 | |
| 16,700 | | |
| 14,504,459 | |
Navient Corp. 5.62%, 08/01/33 † | |
| 29,225 | | |
| 24,900,410 | |
| Newell Brands, Inc. | |
| | | |
| | |
| 7.38%, 04/01/36 † | |
| 20,650 | | |
| 19,686,289 | |
| 7.50%, 04/01/46 | |
| 32,775 | | |
| 28,313,251 | |
| Nissan Motor Acceptance Co. LLC 144A | |
| | | |
| | |
| 2.45%, 09/15/28 | |
| 14,930 | | |
| 13,853,174 | |
| 2.75%, 03/09/28 | |
| 25,562 | | |
| 24,254,761 | |
| 5.30%, 09/13/27 | |
| 17,039 | | |
| 16,996,012 | |
| 5.55%, 09/13/29 | |
| 12,800 | | |
| 12,538,752 | |
| 7.05%, 09/15/28 | |
| 29,825 | | |
| 30,603,289 | |
| Nordstrom, Inc. | |
| | | |
| | |
| 4.25%, 08/01/31 † | |
| 20,900 | | |
| 19,250,973 | |
| 4.38%, 04/01/30 | |
| 24,600 | | |
| 23,391,761 | |
| 5.00%, 01/15/44 | |
| 47,525 | | |
| 33,276,900 | |
| 6.95%, 03/15/28 | |
| 14,750 | | |
| 15,116,479 | |
Oceaneering International, Inc. 6.00%, 02/01/28 | |
| 14,763 | | |
| 14,889,238 | |
PacifiCorp 7.38% (US Treasury Yield Curve
Rate T 5 Year+3.32%), 09/15/55 (a) | |
| 41,825 | | |
| 42,427,740 | |
| Paramount Global | |
| | | |
| | |
| 3.38%, 02/15/28 | |
| 15,225 | | |
| 14,781,346 | |
| 3.70%, 06/01/28 | |
| 15,025 | | |
| 14,552,491 | |
| 4.20%, 06/01/29 | |
| 15,200 | | |
| 14,646,685 | |
| 4.20%, 05/19/32 | |
| 30,400 | | |
| 26,576,025 | |
| 4.38%, 03/15/43 | |
| 43,975 | | |
| 28,063,724 | |
| 4.60%, 01/15/45 | |
| 18,250 | | |
| 11,415,464 | |
| 4.85%, 07/01/42 | |
| 15,200 | | |
| 10,239,333 | |
| 4.90%, 08/15/44 † | |
| 16,750 | | |
| 10,994,340 | |
| 4.95%, 01/15/31 | |
| 38,025 | | |
| 35,880,880 | |
| 4.95%, 05/19/50 | |
| 30,400 | | |
| 19,112,600 | |
| 5.25%, 04/01/44 † | |
| 10,575 | | |
| 7,165,721 | |
| 5.50%, 05/15/33 | |
| 13,100 | | |
| 11,877,675 | |
| 5.85%, 09/01/43 | |
| 38,025 | | |
| 27,936,571 | |
| 5.90%, 10/15/40 | |
| 9,125 | | |
| 7,099,342 | |
| 6.88%, 04/30/36 † | |
| 32,825 | | |
| 30,554,349 | |
| 7.88%, 07/30/30 | |
| 25,125 | | |
| 26,743,912 | |
Prospect Capital Corp. 3.44%, 10/15/28 † | |
| 13,750 | | |
| 12,271,944 | |
| Resorts World Las Vegas LLC / RWLV Capital, Inc. Reg S | |
| | | |
| | |
| 4.62%, 04/16/29 | |
| 49,255 | | |
| 44,058,612 | |
| 4.62%, 04/06/31 | |
| 17,200 | | |
| 14,562,951 | |
| Rockies Express Pipeline LLC 144A | |
| | | |
| | |
| 4.80%, 05/15/30 | |
| 17,225 | | |
| 16,793,171 | |
| 4.95%, 07/15/29 | |
| 27,075 | | |
| 26,718,739 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 6.88%, 04/15/40 | |
$ | 24,600 | | |
$ | 24,855,422 | |
| 7.50%, 07/15/38 | |
| 12,300 | | |
| 13,036,192 | |
Safeway, Inc. 7.25%, 02/01/31 | |
| 12,850 | | |
| 13,559,449 | |
Sealed Air Corp. 144A 6.88%, 07/15/33 † | |
| 22,150 | | |
| 21,606,058 | |
| Service Properties Trust | |
| | | |
| | |
| 3.95%, 01/15/28 † | |
| 19,675 | | |
| 19,089,761 | |
| 4.38%, 02/15/30 † | |
| 19,675 | | |
| 17,724,946 | |
| 4.95%, 10/01/29 † | |
| 20,900 | | |
| 19,656,450 | |
SES AMERICOM, Inc. 144A 5.30%, 03/25/44 | |
| 24,625 | | |
| 19,265,492 | |
Tenet Healthcare Corp. 6.88%, 11/15/31 | |
| 17,800 | | |
| 18,978,065 | |
| Transocean International Ltd. | |
| | | |
| | |
| 6.80%, 03/15/38 † | |
| 30,000 | | |
| 29,151,863 | |
| 7.50%, 04/15/31 † | |
| 19,475 | | |
| 20,074,324 | |
United States Steel Corp. 6.65%, 06/01/37 | |
| 13,500 | | |
| 13,996,017 | |
| VF Corp. | |
| | | |
| | |
| 2.95%, 04/23/30 | |
| 36,906 | | |
| 33,509,770 | |
| 6.00%, 10/15/33 † | |
| 13,625 | | |
| 13,669,758 | |
| 6.45%, 11/01/37 | |
| 14,105 | | |
| 13,567,571 | |
Vornado Realty LP 3.40%, 06/01/31 † | |
| 17,225 | | |
| 15,660,002 | |
Warnermedia Holdings, Inc. 4.28%, 03/15/32 | |
| 14,425 | | |
| 11,729,545 | |
| Whirlpool Corp. | |
| | | |
| | |
| 2.40%, 05/15/31 | |
| 14,775 | | |
| 11,965,541 | |
| 4.50%, 06/01/46 | |
| 24,600 | | |
| 16,559,618 | |
| 4.60%, 05/15/50 † | |
| 24,625 | | |
| 16,586,056 | |
| 4.70%, 05/14/32 | |
| 14,775 | | |
| 12,987,179 | |
| 4.75%, 02/26/29 | |
| 34,450 | | |
| 33,287,530 | |
| 5.15%, 03/01/43 | |
| 12,325 | | |
| 9,273,040 | |
| 5.50%, 03/01/33 | |
| 14,750 | | |
| 13,293,851 | |
| 5.75%, 03/01/34 † | |
| 14,750 | | |
| 13,354,786 | |
| Xerox Corp. | |
| | | |
| | |
| 4.80%, 03/01/35 | |
| 12,375 | | |
| 3,531,753 | |
| 6.75%, 12/15/39 | |
| 17,294 | | |
| 5,025,536 | |
XPO CNW, Inc. 6.70%, 05/01/34 | |
| 14,725 | | |
| 15,509,018 | |
| Yum! Brands, Inc. | |
| | | |
| | |
| 5.35%, 11/01/43 | |
| 13,539 | | |
| 12,973,925 | |
| 6.88%, 11/15/37 | |
| 16,025 | | |
| 17,747,079 | |
| | |
| | | |
| 2,299,193,840 | |
Total Corporate Bonds
(Cost: $3,009,217,133) | |
| | | |
| 3,006,745,458 | |
See Notes to Financial Statements
VANECK FALLEN ANGEL HIGH YIELD BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Number
of Shares | | |
Value | |
| SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 8.7% |
|
|
|
|
|
Money Market Fund: 8.7%
(Cost: $266,026,937) | |
| | | |
| | |
| State Street Navigator Securities Lending Government Money Market Portfolio 3.67%(b) |
| 266,026,937 | | |
$ | 266,026,937 | |
Total Investments: 106.8%
(Cost: $3,275,244,070) | |
| | | |
| 3,272,772,395 | |
| Liabilities in excess of other assets: (6.8)% | | |
| (206,981,587) | |
| NET ASSETS: 100.0% | |
| | | |
$ | 3,065,790,808 | |
Definitions:
Footnotes:
| (a) |
|
Variable rate security — the rate shown is as of 04/30/26 |
| (b) |
|
The rate shown is the 7-day yield as of 04/30/26. |
| (o) |
|
Perpetual Maturity — the date shown, if applicable, is the next call date |
| † |
|
Security fully or partially on loan. Total market value of securities on loan is $289,758,434. |
| |
|
|
| Reg S |
|
Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registering with the Securities and Exchange Commission. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. |
| 144A |
|
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, unless otherwise noted. These securities have an aggregate value of $613,286,582, or 20.0% of net assets. |
The summary of inputs used to value the Fund’s investments as of April
30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Corporate Bonds * | |
$ | — | | |
$ | 3,006,745,458 | | |
$ | — | | |
$ | 3,006,745,458 | |
| Money Market Fund | |
| 266,026,937 | | |
| — | | |
| — | | |
| 266,026,937 | |
| Total Investments | |
$ | 266,026,937 | | |
$ | 3,006,745,458 | | |
$ | — | | |
$ | 3,272,772,395 | |
| |
|
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK GREEN BOND ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| CORPORATE BONDS: 84.2% | |
| | | |
| | |
| Argentina: 0.1% | |
| | | |
| | |
Genneia SA 144A 7.75%, 12/02/33 | |
$ | 250 | | |
$ | 259,095 | |
| Australia: 0.4% | |
| | | |
| | |
China Merchants Bank Co. Ltd. Reg S 4.22% (SOFR Compound Index+0.54%), 07/10/27 (a) | |
| 200 | | |
| 200,412 | |
Fortescue Treasury Pty Ltd. 144A 6.12%, 04/15/32 | |
| 475 | | |
| 491,443 | |
| | |
| | | |
| 691,855 | |
| Bermuda: 0.4% | |
| | | |
| | |
Bacardi Ltd. /
Bacardi-Martini BV 144A 5.25%, 01/15/29 | |
| 250 | | |
| 252,611 | |
Investment Energy
Resources Ltd. 144A 6.25%, 04/26/29 | |
| 375 | | |
| 374,961 | |
| | |
| | | |
| 627,572 | |
| Brazil: 0.4% | |
| | | |
| | |
Klabin Austria GmbH 144A 7.00%, 04/03/49 | |
| 375 | | |
| 383,820 | |
Rumo Luxembourg Sarl 144A 5.25%, 01/10/28 | |
| 300 | | |
| 294,527 | |
| | |
| | | |
| 678,347 | |
| British Virgin Islands: 0.4% | |
| | | |
| | |
Amipeace Ltd. Reg S 1.75%, 11/09/26 | |
| 300 | | |
| 296,593 | |
Coastal Emerald Ltd. Reg S 4.60%, 04/16/28 | |
| 400 | | |
| 401,075 | |
| | |
| | | |
| 697,668 | |
| Canada: 1.1% | |
| | | |
| | |
| Brookfield Finance, Inc. | |
| | | |
| | |
| 2.72%, 04/15/31 | |
| 304 | | |
| 276,596 | |
| 3.62%, 02/15/52 | |
| 225 | | |
| 153,652 | |
CDP Financial, Inc. 144A 1.00%, 05/26/26 | |
| 560 | | |
| 558,904 | |
Export Development Canada 4.75%, 06/05/34 | |
| 550 | | |
| 566,195 | |
Liberty Utilities Finance GP 1 144A 2.05%, 09/15/30 | |
| 350 | | |
| 314,608 | |
Tucson Electric Power Co. 1.50%, 08/01/30 | |
| 175 | | |
| 153,912 | |
| | |
| | | |
| 2,023,867 | |
| Chile: 2.2% | |
| | | |
| | |
| AES Andes SA 144A | |
| | | |
| | |
| 6.30%, 03/15/29 | |
| 302 | | |
| 310,201 | |
| 8.15% (US Treasury Yield Curve Rate T 5 Year+3.83%), 06/10/55 (a) | |
| 275 | | |
| 289,670 | |
| Colbun SA 144A | |
| | | |
| | |
| 3.15%, 01/19/32 | |
| 325 | | |
| 294,600 | |
| 5.38%, 09/11/35 | |
| 275 | | |
| 273,281 | |
| | |
Par
(000’s | ) | |
Value | |
| Chile (continued) | |
| | | |
| | |
Engie Energia Chile SA 144A 6.38%, 04/17/34 | |
$ | 275 | | |
$ | 289,202 | |
Interchile SA 144A 4.50%, 06/30/56 | |
| 550 | | |
| 460,285 | |
| Inversiones CMPC SA 144A | |
| | | |
| | |
| 4.38%, 04/04/27 | |
| 275 | | |
| 274,621 | |
| 6.12%, 06/23/33 † | |
| 300 | | |
| 303,020 | |
| 6.12%, 02/26/34 † | |
| 275 | | |
| 278,273 | |
| Sociedad Quimica y Minera de Chile SA 144A | |
| | | |
| | |
| 3.50%, 09/10/51 | |
| 400 | | |
| 274,389 | |
| 6.50%, 11/07/33 † | |
| 450 | | |
| 485,042 | |
Sociedad Transmisora Metropolitana SpA 144A 6.38%, 12/15/55 | |
| 400 | | |
| 407,000 | |
| | |
| | | |
| 3,939,584 | |
| China: 6.2% | |
| | | |
| | |
| Bocom Leasing Management Hong Kong Co. Ltd. Reg S | |
| | | |
| | |
| 4.33% (SOFR Compound Index+0.67%), 03/07/28 (a) | |
| 200 | | |
| 200,466 | |
| 4.37% (SOFR Compound Index+0.68%), 06/26/27 (a) | |
| 400 | | |
| 400,692 | |
| 4.41% (SOFR Compound Index+0.75%), 08/23/27 (a) | |
| 200 | | |
| 200,567 | |
| 4.43% (SOFR Compound Index+0.77%), 03/07/30 (a) | |
| 200 | | |
| 201,001 | |
| 4.50%, 08/23/27 | |
| 200 | | |
| 200,062 | |
| 5.00%, 06/26/27 | |
| 200 | | |
| 201,280 | |
CCB Shipping and Aviation Leasing Corp. Ltd. Reg S 4.27% (SOFR Compound Index+0.62%), 09/17/28 (a) | |
| 500 | | |
| 500,905 | |
Chengdu Tianfu New Area Investment Group Co. Ltd. Reg S 5.45%, 04/10/27 | |
| 200 | | |
| 202,214 | |
| China Construction Bank Corp. Reg S | |
| | | |
| | |
| 4.20% (SOFR Compound Index+0.55%), 07/16/27 (a) | |
| 600 | | |
| 601,438 | |
| 4.31% (SOFR Compound Index+0.65%), 11/30/26 (a) | |
| 400 | | |
| 400,880 | |
| 5.00%, 11/30/26 | |
| 200 | | |
| 200,934 | |
China Water Affairs Group Ltd. Reg S 4.85%, 05/18/26 | |
| 200 | | |
| 199,702 | |
CK Hutchison International 24 Ltd. 144A 5.38%, 04/26/29 † | |
| 550 | | |
| 564,817 | |
| CMB International Leasing Management Ltd. Reg S | |
| | | |
| | |
See Notes to Financial Statements
VANECK GREEN BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| China (continued) | |
| | | |
| | |
4.42%
(SOFR+0.76%), 06/04/27 (a) | |
$ | 400 | | |
$ | 401,073 | |
4.42%
(SOFR+0.68%), 06/05/28 (a) | |
| 200 | | |
| 200,620 | |
4.54%
(SOFR+0.80%), 06/05/30 (a) | |
| 200 | | |
| 201,111 | |
Dianjian Haiyu Ltd. Reg S 4.30%, 09/10/27 | |
| 400 | | |
| 399,398 | |
Henan Railway Construction & Investment Group Co. Ltd. Reg S 4.80%, 01/10/28 | |
| 200 | | |
| 200,981 | |
Henan Water Conservancy Investment Group Co. Ltd. Reg S 4.30%, 08/20/28 | |
| 300 | | |
| 297,614 | |
Hongkong Land Finance Reg S 2.25%, 07/15/31 | |
| 400 | | |
| 358,094 | |
ICBCIL Finance Co. Ltd. Reg S 2.25%, 11/02/26 | |
| 400 | | |
| 396,556 | |
Icil Aero Treasury Ltd. Reg S 4.28% (SOFR Compound Index+0.63%), 07/07/28 (a) | |
| 300 | | |
| 300,345 | |
| Industrial & Commercial Bank of China Ltd. Reg S | |
| | | |
| | |
| 1.62%, 10/28/26 | |
| 450 | | |
| 444,891 | |
| 4.14% (SOFR Compound Index+0.48%), 05/23/27 (a) | |
| 600 | | |
| 599,967 | |
| 5.38%, 10/25/26 | |
| 200 | | |
| 201,073 | |
Industrial Bank Co. Ltd. Reg S 4.06% (SOFR Compound Index+0.41%), 03/12/29 (a) | |
| 500 | | |
| 500,700 | |
Lenovo Group Ltd. 144A 6.54%, 07/27/32 | |
| 350 | | |
| 376,602 | |
Link Finance Cayman 2009 Ltd. Reg S 2.88%, 07/21/26 | |
| 200 | | |
| 199,355 | |
Midea Investment Development Co. Ltd. Reg S 2.88%, 02/24/27 | |
| 400 | | |
| 395,530 | |
MTR Corp. C.I. Ltd. Reg S 2.50%, 11/02/26 | |
| 400 | | |
| 396,726 | |
MTR Corp. Ltd. Reg S 1.62%, 08/19/30 | |
| 600 | | |
| 543,548 | |
Xiaomi Best Time International Ltd. Reg S 4.10%, 07/14/51 | |
| 250 | | |
| 192,192 | |
| Yangzhou Economic and Technological Development Zone Development Group Co. Ltd. Reg S | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| China (continued) | |
| | | |
| | |
| 4.98%, 03/19/28 | |
$ | 200 | | |
$ | 200,500 | |
| | |
| | | |
| 10,881,834 | |
| Colombia: 0.2% | |
| | | |
| | |
Consorcio Transmantaro SA 144A 4.70%, 04/16/34 | |
| 370 | | |
| 360,131 | |
| Denmark: 0.2% | |
| | | |
| | |
Kommunekredit Reg S 5.12%, 11/01/27 | |
| 400 | | |
| 406,284 | |
| France: 0.5% | |
| | | |
| | |
BNP Paribas SA 144A 1.68% (SOFR+0.91%), 06/30/27 (a) | |
| 575 | | |
| 572,325 | |
Electricite de France SA Reg S 4.80% (SOFR+1.15%), 01/20/30 (a) | |
| 400 | | |
| 401,655 | |
| | |
| | | |
| 973,980 | |
| Georgia: 0.3% | |
| | | |
| | |
Georgia Global Utilities JSC 144A 8.88%, 07/25/29 | |
| 200 | | |
| 208,322 | |
Georgian Railway JSC 144A 4.00%, 06/17/28 | |
| 300 | | |
| 289,362 | |
| | |
| | | |
| 497,684 | |
| Germany: 3.2% | |
| | | |
| | |
| Kreditanstalt fuer Wiederaufbau | |
| | | |
| | |
| 0.75%, 09/30/30 | |
| 1,108 | | |
| 964,778 | |
| 1.00%, 10/01/26 | |
| 1,725 | | |
| 1,705,136 | |
| 1.75%, 09/14/29 | |
| 1,130 | | |
| 1,053,956 | |
| 4.38%, 02/28/34 | |
| 1,150 | | |
| 1,158,234 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 144A 5.88% (US Treasury Yield Curve Rate T 5 Year+3.98%), 05/23/42 (a) | |
| 700 | | |
| 718,538 | |
| | |
| | | |
| 5,600,642 | |
| Hungary: 0.2% | |
| | | |
| | |
MVM Energetika Zrt Reg S 7.50%, 06/09/28 | |
| 400 | | |
| 419,979 | |
| India: 1.9% | |
| | | |
| | |
Adani Green Energy UP Ltd. /Prayatna Developers Pvt Ltd. /Parampujya Solar Energy Pvt Ltd. 144A 6.70%, 03/12/42 | |
| 247 | | |
| 238,918 | |
Adani Renewable Energy RJ Ltd. / Kodangal Solar Parks Pvt Ltd. / Wardha Solar Maharashtra 144A 4.62%, 10/15/39 | |
| 162 | | |
| 135,156 | |
| Continuum Green Energy India Pvt / Co.-Issuers 144A | |
| | | |
| | |
See Notes to Financial Statements
VANECK GREEN BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| India (continued) | |
| | | |
| | |
| 7.50%, 06/26/33 | |
$ | 329 | | |
$ | 340,787 | |
Indian Railway Finance Corp. Ltd. 144A 3.57%, 01/21/32 † | |
| 250 | | |
| 234,949 | |
Indian Railway Finance Corp. Ltd. Reg S 3.83%, 12/13/27 | |
| 200 | | |
| 197,949 | |
JSW Hydro Energy Ltd. 144A 4.12%, 05/18/31 | |
| 209 | | |
| 196,272 | |
Power Finance Corp. Ltd. Reg S 3.75%, 12/06/27 | |
| 200 | | |
| 197,240 | |
| REC Ltd. 144A | |
| | | |
| | |
| 4.75%, 09/27/29 | |
| 275 | | |
| 274,570 | |
| 5.62%, 04/11/28 | |
| 300 | | |
| 304,842 | |
REC Ltd. Reg S 3.88%, 07/07/27 | |
| 407 | | |
| 403,778 | |
ReNew Pvt Ltd. 144A 5.88%, 03/05/27 | |
| 150 | | |
| 149,573 | |
ReNew Treasury IFSC Pvt Ltd. 144A 6.50%, 02/02/31 | |
| 350 | | |
| 348,932 | |
ReNew Wind Energy AP2 / ReNew Power Pvt Ltd. other 9 Subsidiaries 144A 4.50%, 07/14/28 | |
| 300 | | |
| 288,796 | |
SAEL/SPREPL/SSSPL/JGPEPL/ SKREPL/UBEPL 144A 7.80%, 07/31/31 | |
| 136 | | |
| 139,224 | |
| | |
| | | |
| 3,450,986 | |
| Indonesia: 2.0% | |
| | | |
| | |
Pertamina Geothermal Energy PT 144A 5.15%, 04/27/28 | |
| 205 | | |
| 206,258 | |
| Perusahaan Penerbit SBSN Indonesia III 144A | |
| | | |
| | |
| 3.55%, 06/09/51 | |
| 425 | | |
| 295,662 | |
| 4.70%, 06/06/32 | |
| 950 | | |
| 945,250 | |
| 5.20%, 07/23/35 | |
| 575 | | |
| 574,641 | |
| 5.50%, 07/02/54 | |
| 300 | | |
| 289,059 | |
| 5.60%, 11/15/33 | |
| 500 | | |
| 515,750 | |
Sorik Marapi Geothermal Power PT 144A 7.75%, 08/05/31 | |
| 187 | | |
| 190,178 | |
Star Energy Geothermal Darajat II / Star Energy Geothermal Salak 144A 4.85%, 10/14/38 | |
| 475 | | |
| 449,602 | |
| | |
| | | |
| 3,466,400 | |
| Ireland: 1.6% | |
| | | |
| | |
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 144A 6.25%, 01/30/31 | |
| 350 | | |
| 352,622 | |
| Smurfit Kappa Treasury ULC | |
| | | |
| | |
| 5.20%, 01/15/30 | |
| 400 | | |
| 407,616 | |
| 5.44%, 04/03/34 | |
| 600 | | |
| 611,328 | |
| 5.78%, 04/03/54 † | |
| 450 | | |
| 435,909 | |
| | |
Par
(000’s | ) | |
Value | |
| Ireland (continued) | |
| | | |
| | |
| Smurfit Westrock Financing DAC | |
| | | |
| | |
| 5.18%, 01/15/36 | |
$ | 250 | | |
$ | 247,046 | |
| 5.42%, 01/15/35 † | |
| 850 | | |
| 855,543 | |
| | |
| | | |
| 2,910,064 | |
| Japan: 2.9% | |
| | | |
| | |
Hokkaido Electric Power Co., Inc. Reg S 4.59%, 09/04/30 | |
| 250 | | |
| 248,101 | |
| Honda Motor Co. Ltd. | |
| | | |
| | |
| 2.53%, 03/10/27 † | |
| 585 | | |
| 576,743 | |
| 2.97%, 03/10/32 | |
| 425 | | |
| 381,777 | |
| Japan Bank for International Cooperation | |
| | | |
| | |
| 1.62%, 01/20/27 | |
| 250 | | |
| 246,031 | |
| 3.88%, 01/23/31 | |
| 300 | | |
| 296,543 | |
| 4.38%, 10/05/27 | |
| 250 | | |
| 251,237 | |
Marubeni Corp. Reg S 1.58%, 09/17/26 | |
| 400 | | |
| 396,434 | |
Mitsui Fudosan Co. Ltd. 144A 2.57%, 01/21/32 | |
| 150 | | |
| 132,858 | |
| Norinchukin Bank 144A | |
| | | |
| | |
| 1.28%, 09/22/26 † | |
| 250 | | |
| 246,876 | |
| 2.08%, 09/22/31 † | |
| 300 | | |
| 260,185 | |
| 4.87%, 09/14/27 | |
| 300 | | |
| 301,278 | |
| 5.43%, 03/09/28 | |
| 275 | | |
| 279,108 | |
NTT Finance Corp. 144A 4.37%, 07/27/27 | |
| 250 | | |
| 250,029 | |
Sumitomo Mitsui Financial Group, Inc. 2.47%, 01/14/29 | |
| 275 | | |
| 261,626 | |
| Sumitomo Mitsui Trust Bank Ltd. 144A | |
| | | |
| | |
| 2.80%, 03/10/27 † | |
| 300 | | |
| 296,776 | |
| 5.50%, 03/09/28 † | |
| 275 | | |
| 280,962 | |
Toyota Motor Credit Corp. 2.15%, 02/13/30 | |
| 450 | | |
| 415,005 | |
| | |
| | | |
| 5,121,569 | |
| Luxembourg: 1.2% | |
| | | |
| | |
Aegea Finance Sarl 144A 7.62%, 01/20/36 | |
| 500 | | |
| 365,625 | |
China Merchants Bank Co. Ltd. Reg S 1.25%, 09/01/26 | |
| 200 | | |
| 198,018 | |
| FS Luxembourg Sarl 144A | |
| | | |
| | |
| 8.12%, 02/11/36 † | |
| 300 | | |
| 278,062 | |
| 8.62%, 06/25/33 | |
| 250 | | |
| 245,488 | |
| Nova Securitisation Sarl 144A | |
| | | |
| | |
| 5.75%, 02/03/31 † | |
| 450 | | |
| 438,890 | |
| 6.50%, 02/03/36 | |
| 300 | | |
| 290,624 | |
Sabesp Lux Sarl 144A 5.62%, 08/20/30 | |
| 275 | | |
| 271,461 | |
| | |
| | | |
| 2,088,168 | |
| Mauritius: 0.8% | |
| | | |
| | |
Clean Renewable Power Mauritius Pte Ltd. 144A 4.25%, 03/25/27 | |
| 147 | | |
| 145,138 | |
See Notes to Financial Statements
VANECK GREEN BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Mauritius (continued) | |
| | | |
| | |
Greenko Power II Ltd. 144A 4.30%, 12/13/28 | |
$ | 418 | | |
$ | 399,747 | |
Greenko Wind Projects Mauritius Ltd. 144A 7.25%, 09/27/28 | |
| 468 | | |
| 472,531 | |
India Clean Energy Holdings 144A 4.50%, 04/18/27 | |
| 200 | | |
| 196,925 | |
India Green Power Holdings 144A 4.00%, 02/22/27 | |
| 240 | | |
| 236,685 | |
| | |
| | | |
| 1,451,026 | |
| Mexico: 0.3% | |
| | | |
| | |
Coca-Cola Femsa SAB de CV 1.85%, 09/01/32 | |
| 375 | | |
| 314,852 | |
Trust Fibra Uno 144A 7.38%, 02/13/34 | |
| 250 | | |
| 269,687 | |
| | |
| | | |
| 584,539 | |
| Netherlands: 1.9% | |
| | | |
| | |
ABN AMRO Bank NV 144A 2.47% (US Treasury Yield Curve Rate T 1 Year+1.10%), 12/13/29 (a) | |
| 550 | | |
| 521,098 | |
ABN AMRO Bank NV Reg S 4.57% (SOFR+0.88%), 09/24/29 (a) | |
| 200 | | |
| 194,900 | |
Alcoa Nederland Holding BV 144A 7.12%, 03/15/31 | |
| 425 | | |
| 437,644 | |
EDP Finance BV 144A 6.30%, 10/11/27 | |
| 279 | | |
| 285,463 | |
Nederlandse Waterschapsbank NV 144A 1.00%, 05/28/30 | |
| 300 | | |
| 265,743 | |
| NXP BV / NXP Funding LLC /NXP USA, Inc. | |
| | | |
| | |
| 2.50%, 05/11/31 | |
| 575 | | |
| 517,705 | |
| 3.40%, 05/01/30 | |
| 550 | | |
| 526,161 | |
| 5.00%, 01/15/33 | |
| 600 | | |
| 600,956 | |
| | |
| | | |
| 3,349,670 | |
| Oman: 0.2% | |
| | | |
| | |
AL Jawaher Assets Co. SPC 144A 4.66%, 10/29/30 | |
| 425 | | |
| 418,146 | |
| Portugal: 0.3% | |
| | | |
| | |
EDP Finance BV 144A 1.71%, 01/24/28 | |
| 500 | | |
| 476,769 | |
| Saudi Arabia: 1.0% | |
| | | |
| | |
Saudi Electricity Global Sukuk Co. 5 Reg S 2.41%, 09/17/30 | |
| 300 | | |
| 272,284 | |
| Saudi Electricity Sukuk Programme Co. Reg S | |
| | | |
| | |
| 4.63%, 04/11/33 | |
| 700 | | |
| 684,779 | |
| 5.49%, 02/18/35 | |
| 800 | | |
| 817,851 | |
| | |
| | | |
| 1,774,914 | |
| | |
Par
(000’s | ) | |
Value | |
| Singapore: 0.6% | |
| | | |
| | |
Continuum Energy Aura Pte Ltd. 144A 9.50%, 02/24/27 | |
$ | 200 | | |
$ | 202,701 | |
Industrial & Commercial Bank of China Ltd. Reg S 4.25% (SOFR Compound Index+0.60%), 10/25/26 (a) | |
| 600 | | |
| 600,735 | |
Star Energy Geothermal Wayang Windu Ltd. 144A 6.75%, 04/24/33 | |
| 181 | | |
| 184,536 | |
| | |
| | | |
| 987,972 | |
| South Korea: 5.4% | |
| | | |
| | |
| Export-Import Bank of Korea | |
| | | |
| | |
| 2.12%, 01/18/32 | |
| 550 | | |
| 489,852 | |
| 3.75%, 01/13/29 | |
| 700 | | |
| 695,423 | |
| 5.12%, 01/11/33 | |
| 625 | | |
| 648,902 | |
Export-Import Bank of Korea 144A 1.75%, 10/19/28 | |
| 450 | | |
| 425,249 | |
Hyundai Capital Services, Inc. 144A 2.50%, 01/24/27 | |
| 150 | | |
| 147,936 | |
| Kia Corp. 144A | |
| | | |
| | |
| 1.75%, 10/16/26 | |
| 200 | | |
| 197,537 | |
| 2.75%, 02/14/27 | |
| 200 | | |
| 197,530 | |
| Korea Electric Power Corp. 144A | |
| | | |
| | |
| 4.88%, 01/31/27 | |
| 650 | | |
| 653,066 | |
| 5.50%, 04/06/28 | |
| 175 | | |
| 179,001 | |
Korea Electric Power Corp. Reg S 1.12%, 09/24/26 | |
| 200 | | |
| 197,551 | |
Korea Hydro & Nuclear Power Co. Ltd. 144A 5.00%, 07/18/28 | |
| 250 | | |
| 253,570 | |
Korea Ocean Business Corp. Reg S 4.62%, 05/09/30 | |
| 200 | | |
| 201,124 | |
Korea Water Resources Corp. Reg S 4.38%, 05/21/27 | |
| 200 | | |
| 200,182 | |
| LG Chem Ltd. 144A | |
| | | |
| | |
| 1.38%, 07/07/26 | |
| 300 | | |
| 298,231 | |
| 2.38%, 07/07/31 | |
| 325 | | |
| 285,992 | |
| 3.62%, 04/15/29 | |
| 275 | | |
| 266,133 | |
| LG Energy Solution Ltd. 144A | |
| | | |
| | |
| 5.38%, 07/02/27 | |
| 425 | | |
| 428,194 | |
| 5.38%, 07/02/29 | |
| 450 | | |
| 458,913 | |
| 5.50%, 07/02/34 | |
| 300 | | |
| 299,648 | |
| 5.62%, 09/25/26 | |
| 200 | | |
| 200,991 | |
| 5.75%, 09/25/28 | |
| 300 | | |
| 306,673 | |
| 5.88%, 04/02/35 | |
| 425 | | |
| 429,667 | |
| 5.88%, 04/02/36 † | |
| 250 | | |
| 250,680 | |
POSCO 144A
4.88%, 01/23/27 † | |
| 265 | | |
| 265,656 | |
POSCO Holdings, Inc. 144A 5.12%, 05/07/30 | |
| 250 | | |
| 253,249 | |
See Notes to Financial Statements
VANECK GREEN BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| South Korea (continued) | |
| | | |
| | |
| 5.75%, 05/07/35 | |
$ | 175 | | |
$ | 180,967 | |
Shinhan Bank Co. Ltd. Reg S 4.50% (SOFR+0.85%), 10/22/29 (a) | |
| 200 | | |
| 202,354 | |
| SK hynix, Inc. 144A | |
| | | |
| | |
| 2.38%, 01/19/31 | |
| 550 | | |
| 501,350 | |
| 6.50%, 01/17/33 † | |
| 425 | | |
| 467,899 | |
| | |
| | | |
| 9,583,520 | |
| Spain: 0.2% | |
| | | |
| | |
Avangrid, Inc. 3.80%, 06/01/29 | |
| 425 | | |
| 414,573 | |
| Supranational: 5.8% | |
| | | |
| | |
| Asian Development Bank | |
| | | |
| | |
| 1.75%, 08/14/26 | |
| 275 | | |
| 273,367 | |
| 2.38%, 08/10/27 | |
| 278 | | |
| 272,796 | |
| 3.12%, 09/26/28 | |
| 419 | | |
| 411,699 | |
| European Investment Bank | |
| | | |
| | |
| 0.75%, 09/23/30 † | |
| 825 | | |
| 718,220 | |
| 1.62%, 10/09/29 | |
| 530 | | |
| 491,012 | |
| 1.62%, 05/13/31 | |
| 800 | | |
| 712,916 | |
| 2.38%, 05/24/27 | |
| 775 | | |
| 762,760 | |
| 3.75%, 02/14/33 † | |
| 2,825 | | |
| 2,748,497 | |
| 4.38%, 10/10/31 | |
| 2,275 | | |
| 2,309,104 | |
New Development Bank Reg S 4.68%, 11/07/27 | |
| 600 | | |
| 604,851 | |
| The Arab Energy Fund 144A | |
| | | |
| | |
| 1.48%, 10/06/26 | |
| 350 | | |
| 345,937 | |
| 5.43%, 05/02/29 | |
| 400 | | |
| 410,076 | |
The Arab Energy Fund Reg S 3.87%, 01/20/31 | |
| 200 | | |
| 194,766 | |
| | |
| | | |
| 10,256,001 | |
| Sweden: 0.3% | |
| | | |
| | |
Swedbank AB 144A 1.54%, 11/16/26 | |
| 575 | | |
| 567,169 | |
| Turkey: 0.6% | |
| | | |
| | |
Aydem Yenilenebilir Enerji AS 144A 9.88%, 09/30/30 | |
| 300 | | |
| 304,168 | |
Limak Yenilenebilir Enerji AS 144A 9.62%, 08/12/30 | |
| 325 | | |
| 325,113 | |
Turk Telekomunikasyon AS 144A 6.95%, 10/07/32 | |
| 350 | | |
| 349,726 | |
| | |
| | | |
| 979,007 | |
| United Arab Emirates: 6.5% | |
| | | |
| | |
| Abu Dhabi Future Energy Co. PJSC Masdar Reg S | |
| | | |
| | |
| 4.88%, 07/25/29 | |
| 400 | | |
| 402,626 | |
| 4.88%, 05/21/30 | |
| 400 | | |
| 401,987 | |
| 4.88%, 07/25/33 | |
| 400 | | |
| 394,448 | |
| 5.25%, 07/25/34 | |
| 200 | | |
| 200,858 | |
| 5.38%, 05/21/35 | |
| 200 | | |
| 201,862 | |
Abu Dhabi National Energy Co. PJSC 144A 4.70%, 04/24/33 | |
| 557 | | |
| 545,829 | |
| | |
Par
(000’s | ) | |
Value | |
| United Arab Emirates (continued) | |
| | | |
| | |
| 4.75%, 03/09/37 | |
$ | 450 | | |
$ | 429,748 | |
Adib Sukuk Co. II Ltd. Reg S 5.70%, 11/15/28 | |
| 400 | | |
| 409,406 | |
| Aldar Investment Properties Sukuk Ltd. Reg S | |
| | | |
| | |
| 4.88%, 05/24/33 | |
| 200 | | |
| 196,038 | |
| 5.25%, 03/25/35 † | |
| 400 | | |
| 396,113 | |
| 5.50%, 05/16/34 | |
| 400 | | |
| 402,472 | |
| Bank of China Ltd. Reg S | |
| | | |
| | |
| 4.21% (SOFR Compound Index+0.55%), 08/27/27 (a) | |
| 200 | | |
| 200,519 | |
| 4.29% (SOFR Compound Index+0.60%), 09/18/26 (a) | |
| 400 | | |
| 400,400 | |
Binghatti Sukuk 2 SPV Ltd. Reg S 7.75%, 07/02/29 † | |
| 300 | | |
| 278,135 | |
Commercial Bank of Dubai PSC Reg S 5.32%, 06/14/28 | |
| 400 | | |
| 403,760 | |
Dhafrah Pv2 Energy Co. LLC 144A 5.79%, 06/30/53 | |
| 500 | | |
| 494,573 | |
DP World Crescent Ltd. Reg S 5.50%, 09/13/33 | |
| 950 | | |
| 952,810 | |
| Emirates NBD Bank PJSC Reg S | |
| | | |
| | |
| 4.20%, 01/13/29 | |
| 200 | | |
| 198,096 | |
| 4.53%, 01/13/31 | |
| 400 | | |
| 394,412 | |
| 5.88%, 10/11/28 | |
| 500 | | |
| 514,377 | |
First Abu Dhabi Bank PJSC Reg S 4.38%, 09/10/30 | |
| 550 | | |
| 543,038 | |
| MAF Sukuk Ltd. Reg S | |
| | | |
| | |
| 3.93%, 02/28/30 | |
| 415 | | |
| 397,054 | |
| 4.64%, 05/14/29 | |
| 400 | | |
| 394,955 | |
| 5.00%, 06/01/33 | |
| 200 | | |
| 196,216 | |
MDGH GMTN RSC Ltd. 144A 5.88%, 05/01/34 | |
| 400 | | |
| 420,832 | |
National Central Cooling Co. PJSC Reg S 5.28%, 03/05/30 | |
| 500 | | |
| 504,593 | |
NBK SPC Ltd. 144A 5.50% (SOFR+1.16%), 06/06/30 (a) | |
| 300 | | |
| 306,808 | |
Omniyat Sukuk 1 Ltd. Reg S 8.38%, 05/06/28 | |
| 200 | | |
| 196,064 | |
Sobha Sukuk I Holding Ltd. Reg S 7.12%, 09/11/30 | |
| 350 | | |
| 330,960 | |
Sweihan PV Power Co. PJSC 144A 3.62%, 01/31/49 | |
| 371 | | |
| 304,253 | |
| | |
| | | |
| 11,413,242 | |
| United Kingdom: 2.1% | |
| | | |
| | |
| Atlantica Sustainable Infrastructure Ltd. 144A | |
| | | |
| | |
See Notes to Financial Statements
VANECK GREEN
BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United Kingdom (continued) | |
| | | |
| | |
| 4.12%, 06/15/28 | |
$ | 200 | | |
$ | 195,472 | |
Bank of China Ltd. Reg S
4.29% (SOFR Compound Index+0.59%), 09/14/26 (a) | |
| 200 | | |
| 200,178 | |
Brookfield Finance I UK PLC / Brookfield Finance, Inc.
2.34%, 01/30/32 | |
| 337 | | |
| 291,762 | |
China Citic Bank Corp. Ltd. Reg S
4.23% (SOFR Compound Index+0.55%), 07/09/27 (a) | |
| 200 | | |
| 200,364 | |
China Construction Bank Corp. Reg S | |
| | | |
| | |
|
4.15% (SOFR Compound Index+0.50%), 09/11/28 (a) | |
| 400 | | |
| 401,476 | |
| 4.23% (SOFR Compound Index+0.58%), 09/11/30 (a) | |
| 400 | | |
| 402,819 | |
China Merchants Bank Co. Ltd. Reg S
4.30% (SOFR Compound Index+0.65%), 06/13/26 (a) | |
| 200 | | |
| 200,047 | |
Niagara Mohawk Power Corp. 144A
1.96%, 06/27/30 | |
| 325 | | |
| 292,851 | |
Shanghai Pudong Development Bank Co. Ltd. Reg S
4.19% (SOFR Compound Index+0.53%), 06/10/28 (a) | |
| 200 | | |
| 200,493 | |
State Grid Europe Development 2014 PLC Reg S
3.25%, 04/07/27 | |
| 200 | | |
| 198,682 | |
Swire Properties MTN Financing Ltd. Reg S
3.50%, 01/10/28 | |
| 400 | | |
| 394,803 | |
Vmed O2 UK Financing I PLC 144A
4.75%, 07/15/31 | |
| 775 | | |
| 670,969 | |
| | |
| | | |
| 3,649,916 | |
| United States: 32.7% | |
| | | |
| | |
| AES Corp. | |
| | | |
| | |
| 2.45%, 01/15/31 † | |
| 557 | | |
| 496,134 | |
| 5.45%, 06/01/28 | |
| 500 | | |
| 505,073 | |
| 7.60% (US Treasury Yield Curve Rate T 5 Year+3.20%), 01/15/55 (a) | |
| 550 | | |
| 560,607 | |
Agricultural Bank of China Ltd. Reg S
2.00%, 01/18/27 | |
| 200 | | |
| 197,213 | |
| Alexandria Real Estate Equities, Inc. | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 2.00%, 05/18/32 | |
$ | 450 | | |
$ | 376,207 | |
| 2.95%, 03/15/34 | |
| 486 | | |
| 409,403 | |
| 4.75%, 04/15/35 | |
| 286 | | |
| 270,463 | |
Ameren Missouri Securitization Funding I LLC
4.85%, 10/01/39 | |
| 282 | | |
| 279,827 | |
American Homes 4 Rent LP
5.50%, 02/01/34 | |
| 350 | | |
| 355,320 | |
Amgen, Inc.
3.00%, 02/22/29 | |
| 429 | | |
| 414,458 | |
Apple, Inc.
3.00%, 06/20/27 | |
| 575 | | |
| 569,321 | |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 144A | |
| | | |
| | |
| 3.25%, 09/01/28 | |
| 325 | | |
| 311,005 | |
| 4.00%, 09/01/29 | |
| 580 | | |
| 543,245 | |
Arizona Public Service Co.
2.65%, 09/15/50 | |
| 250 | | |
| 147,727 | |
| AvalonBay Communities, Inc. | |
| | | |
| | |
| 1.90%, 12/01/28 | |
| 200 | | |
| 188,242 | |
| 2.05%, 01/15/32 † | |
| 400 | | |
| 349,432 | |
| Bank of China Ltd. Reg S | |
| | | |
| | |
| 4.62%, 06/26/26 | |
| 300 | | |
| 300,184 | |
| Boston Properties LP | |
| | | |
| | |
| 2.45%, 10/01/33 | |
| 475 | | |
| 388,768 | |
| 2.55%, 04/01/32 † | |
| 465 | | |
| 403,491 | |
| 3.40%, 06/21/29 | |
| 510 | | |
| 490,323 | |
| 4.50%, 12/01/28 | |
| 550 | | |
| 549,132 | |
| 6.50%, 01/15/34 | |
| 425 | | |
| 448,656 | |
| 6.75%, 12/01/27 | |
| 450 | | |
| 464,721 | |
California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC 144A
6.38%, 02/15/32 | |
| 575 | | |
| 571,815 | |
CenterPoint Energy Houston Electric LLC
5.30%, 04/01/53 † | |
| 175 | | |
| 164,443 | |
| Clearway Energy Operating LLC 144A | |
| | | |
| | |
| 3.75%, 02/15/31 | |
| 525 | | |
| 491,552 | |
| 3.75%, 01/15/32 | |
| 200 | | |
| 184,527 | |
| 4.75%, 03/15/28 | |
| 450 | | |
| 447,358 | |
| 5.75%, 01/15/34 | |
| 350 | | |
| 350,249 | |
Comcast Corp. 4.65%, 02/15/33 † | |
| 558 | | |
| 551,597 | |
Constellation Energy Generation LLC
5.75%, 03/15/54 † | |
| 500 | | |
| 488,771 | |
Dana, Inc.
4.25%, 09/01/30 | |
| 197 | | |
| 188,698 | |
Dominion Energy, Inc.
2.25%, 08/15/31 † | |
| 470 | | |
| 416,177 | |
| DTE Electric Co. | |
| | | |
| | |
| 1.90%, 04/01/28 | |
| 325 | | |
| 311,742 | |
| 3.25%, 04/01/51 | |
| 250 | | |
| 167,205 | |
See Notes to Financial Statements
VANECK GREEN
BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 3.65%, 03/01/52 | |
$ | 250 | | |
$ | 180,676 | |
| 3.95%, 03/01/49 | |
| 390 | | |
| 299,753 | |
Duke Energy Carolinas LLC
3.95%, 11/15/28 | |
| 375 | | |
| 372,106 | |
Duke Energy Florida LLC
2.50%, 12/01/29 | |
| 400 | | |
| 375,482 | |
| Duke Energy Progress LLC | |
| | | |
| | |
| 3.45%, 03/15/29 | |
| 300 | | |
| 293,370 | |
| 5.10%, 03/15/34 | |
| 275 | | |
| 279,251 | |
| Equinix, Inc. | |
| | | |
| | |
| 1.55%, 03/15/28 | |
| 385 | | |
| 365,698 | |
| 2.50%, 05/15/31 | |
| 575 | | |
| 515,635 | |
| 3.90%, 04/15/32 | |
| 700 | | |
| 664,538 | |
| ERP Operating LP | |
| | | |
| | |
| 1.85%, 08/01/31 † | |
| 275 | | |
| 241,755 | |
| 4.15%, 12/01/28 | |
| 250 | | |
| 248,928 | |
Evergy Kansas Central, Inc.
2.55%, 07/01/26 | |
| 215 | | |
| 214,417 | |
Fifth Third Bancorp 1.71% (SOFR+0.69%), 11/01/27 †(a) | |
| 300 | | |
| 296,016 | |
| Ford Motor Co. | |
| | | |
| | |
| 3.25%, 02/12/32 | |
| 1,425 | | |
| 1,250,814 | |
| 6.10%, 08/19/32 | |
| 1,025 | | |
| 1,045,468 | |
| General Motors Co. | |
| | | |
| | |
| 5.40%, 10/15/29 | |
| 600 | | |
| 613,457 | |
| 5.60%, 10/15/32 † | |
| 700 | | |
| 716,340 | |
Hanwha Energy USA Holdings Corp. 144A
4.38%, 07/02/28 | |
| 250 | | |
| 250,336 | |
Hanwha Q Cells Americas Holdings Corp. 144A
5.00%, 07/27/28 | |
| 250 | | |
| 253,587 | |
HAT Holdings I LLC / HAT Holdings II LLC 144A
3.75%, 09/15/30 † | |
| 225 | | |
| 208,484 | |
| Healthpeak OP LLC | |
| | | |
| | |
| 1.35%, 02/01/27 | |
| 225 | | |
| 220,338 | |
| 2.12%, 12/01/28 | |
| 299 | | |
| 282,244 | |
| Host Hotels & Resorts LP | |
| | | |
| | |
| 2.90%, 12/15/31 | |
| 275 | | |
| 246,126 | |
| 3.38%, 12/15/29 | |
| 350 | | |
| 333,395 | |
| Interstate Power & Light Co. | |
| | | |
| | |
| 3.50%, 09/30/49 | |
| 300 | | |
| 208,505 | |
| 3.60%, 04/01/29 | |
| 150 | | |
| 146,793 | |
| 4.10%, 09/26/28 | |
| 350 | | |
| 347,897 | |
Jabil, Inc.
4.25%, 05/15/27 | |
| 300 | | |
| 300,119 | |
Johnson Controls International PLC / Tyco Fire & Security Finance SCA
1.75%, 09/15/30 | |
| 400 | | |
| 356,619 | |
JPMorgan Chase & Co. 6.07% (SOFR+1.33%), 10/22/27 (a) | |
| 1,150 | | |
| 1,159,669 | |
| Kaiser Foundation Hospitals | |
| | | |
| | |
| 2.81%, 06/01/41 | |
| 725 | | |
| 529,773 | |
| 3.15%, 05/01/27 | |
| 353 | | |
| 349,506 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| Kilroy Realty LP | |
| | | |
| | |
| 2.50%, 11/15/32 | |
$ | 250 | | |
$ | 206,144 | |
| 2.65%, 11/15/33 | |
| 275 | | |
| 220,801 | |
| 4.75%, 12/15/28 | |
| 250 | | |
| 248,012 | |
Leeward Renewable Energy Operations LLC 144A
4.25%, 07/01/29 | |
| 200 | | |
| 191,458 | |
LYB International Finance III LLC
5.62%, 05/15/33 † | |
| 275 | | |
| 279,919 | |
Massachusetts Institute of Technology
3.96%, 07/01/38 | |
| 250 | | |
| 228,449 | |
| MidAmerican Energy Co. | |
| | | |
| | |
| 2.70%, 08/01/52 | |
| 300 | | |
| 181,316 | |
| 3.10%, 05/01/27 | |
| 200 | | |
| 198,135 | |
| 3.15%, 04/15/50 | |
| 300 | | |
| 199,656 | |
| 3.65%, 04/15/29 | |
| 462 | | |
| 453,906 | |
| 3.65%, 08/01/48 | |
| 400 | | |
| 293,965 | |
| 3.95%, 08/01/47 | |
| 275 | | |
| 213,620 | |
| 4.25%, 07/15/49 | |
| 475 | | |
| 381,336 | |
| 5.30%, 02/01/55 | |
| 350 | | |
| 325,142 | |
| 5.35%, 01/15/34 | |
| 175 | | |
| 180,235 | |
| 5.85%, 09/15/54 | |
| 575 | | |
| 575,333 | |
Nature Conservancy
3.96%, 03/01/52 † | |
| 176 | | |
| 137,179 | |
| New York State Electric & Gas Corp. 144A | |
| | | |
| | |
| 2.15%, 10/01/31 | |
| 218 | | |
| 190,427 | |
| 5.05%, 08/15/35 | |
| 175 | | |
| 173,175 | |
| 5.30%, 08/15/34 | |
| 300 | | |
| 303,951 | |
| 5.65%, 08/15/28 | |
| 200 | | |
| 205,172 | |
| 5.85%, 08/15/33 | |
| 225 | | |
| 235,310 | |
NextEra Energy Capital Holdings, Inc.
1.90%, 06/15/28 | |
| 806 | | |
| 766,213 | |
Niagara Mohawk Power Corp. 144A
5.78%, 09/16/52 | |
| 300 | | |
| 290,286 | |
NiSource, Inc.
5.00%, 06/15/52 | |
| 225 | | |
| 194,647 | |
| Northern States Power Co. | |
| | | |
| | |
| 2.25%, 04/01/31 | |
| 225 | | |
| 203,723 | |
| 2.60%, 06/01/51 | |
| 400 | | |
| 239,869 | |
| 2.90%, 03/01/50 | |
| 325 | | |
| 210,688 | |
| 3.20%, 04/01/52 | |
| 250 | | |
| 170,094 | |
| 4.50%, 06/01/52 | |
| 250 | | |
| 208,883 | |
| 5.40%, 03/15/54 | |
| 425 | | |
| 403,910 | |
NSTAR Electric Co.
3.25%, 05/15/29 | |
| 225 | | |
| 218,103 | |
| Oglethorpe Power Corp. | |
| | | |
| | |
| 5.80%, 06/01/54 | |
| 200 | | |
| 193,459 | |
| 5.90%, 02/01/55 | |
| 200 | | |
| 194,815 | |
Oncor Electric Delivery Co. LLC
4.15%, 06/01/32 | |
| 252 | | |
| 244,963 | |
Owens Corning
3.95%, 08/15/29 | |
| 274 | | |
| 269,541 | |
See Notes to Financial Statements
VANECK GREEN
BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| PacifiCorp | |
| | | |
| | |
| 2.90%, 06/15/52 | |
$ | 575 | | |
$ | 339,039 | |
| 5.35%, 12/01/53 | |
| 625 | | |
| 552,210 | |
| 5.50%, 05/15/54 | |
| 675 | | |
| 610,636 | |
Pattern Energy Operations LP / Pattern Energy Operations, Inc. 144A
4.50%, 08/15/28 | |
| 375 | | |
| 368,625 | |
PepsiCo, Inc. | |
| | | |
| | |
|
2.88%, 10/15/49 | |
| 575 | | |
| 370,422 | |
| 3.90%, 07/18/32 † | |
| 675 | | |
| 655,658 | |
PG&E Recovery Funding LLC
5.54%, 07/15/47 | |
| 500 | | |
| 502,848 | |
Piedmont Operating Partnership LP
3.15%, 08/15/30 | |
| 200 | | |
| 182,144 | |
Prologis LP
1.25%, 10/15/30 | |
| 425 | | |
| 369,753 | |
| Public Service Co. of Colorado | |
| | | |
| | |
| 2.70%, 01/15/51 | |
| 250 | | |
| 147,662 | |
| 3.20%, 03/01/50 | |
| 350 | | |
| 232,180 | |
| 3.70%, 06/15/28 | |
| 219 | | |
| 216,279 | |
| 4.10%, 06/15/48 | |
| 225 | | |
| 176,012 | |
| 5.75%, 05/15/54 | |
| 400 | | |
| 389,818 | |
| Public Service Co. of Oklahoma | |
| | | |
| | |
| 2.20%, 08/15/31 | |
| 250 | | |
| 219,911 | |
| 3.15%, 08/15/51 | |
| 225 | | |
| 143,453 | |
| Public Service Electric and Gas Co. | |
| | | |
| | |
| 3.10%, 03/15/32 | |
| 300 | | |
| 276,159 | |
| 4.65%, 03/15/33 | |
| 275 | | |
| 273,387 | |
| 5.12%, 03/15/53 | |
| 250 | | |
| 228,562 | |
| RWE Finance US LLC 144A | |
| | | |
| | |
| 5.12%, 09/18/35 | |
| 550 | | |
| 535,930 | |
| 5.88%, 04/16/34 | |
| 600 | | |
| 621,062 | |
| 5.88%, 09/18/55 | |
| 550 | | |
| 524,006 | |
| 6.25%, 04/16/54 | |
| 550 | | |
| 552,617 | |
San Diego Gas & Electric Co.
4.95%, 08/15/28 | |
| 375 | | |
| 380,124 | |
| SCE Recovery Funding LLC | |
| | | |
| | |
| 2.94%, 11/15/42 | |
| 175 | | |
| 147,305 | |
| 4.70%, 06/15/40 | |
| 242 | | |
| 237,306 | |
| 5.11%, 12/15/47 | |
| 175 | | |
| 162,045 | |
Seattle Children’s Hospital
2.72%, 10/01/50 | |
| 200 | | |
| 122,284 | |
| SK Battery America, Inc. Reg S | |
| | | |
| | |
| 4.25%, 01/22/29 | |
| 500 | | |
| 497,992 | |
| 4.88%, 01/23/27 | |
| 600 | | |
| 601,505 | |
SLG Office Trust 2021-OVA 144A
2.59%, 07/15/41 | |
| 800 | | |
| 714,553 | |
| Sonoco Products Co. | |
| | | |
| | |
| 2.25%, 02/01/27 | |
| 150 | | |
| 147,754 | |
| 2.85%, 02/01/32 | |
| 300 | | |
| 270,115 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
Southwestern Electric Power Co.
3.25%, 11/01/51 † | |
$ | 375 | | |
$ | 242,349 | |
| Southwestern Public Service Co. | |
| | | |
| | |
| 3.15%, 05/01/50 | |
| 350 | | |
| 225,611 | |
| 3.75%, 06/15/49 | |
| 175 | | |
| 126,124 | |
| 5.15%, 06/01/52 | |
| 100 | | |
| 85,362 | |
Tennessee Valley Authority
1.50%, 09/15/31 | |
| 300 | | |
| 262,213 | |
UDR, Inc.
1.90%, 03/15/33 | |
| 225 | | |
| 184,858 | |
Union Electric Co.
2.62%, 03/15/51 | |
| 325 | | |
| 191,927 | |
| Verizon Communications, Inc. | |
| | | |
| | |
| 1.50%, 09/18/30 | |
| 425 | | |
| 374,502 | |
| 2.85%, 09/03/41 | |
| 900 | | |
| 632,969 | |
| 3.88%, 02/08/29 | |
| 575 | | |
| 568,593 | |
| 3.88%, 03/01/52 † | |
| 560 | | |
| 410,307 | |
| 5.05%, 05/09/33 † | |
| 515 | | |
| 521,787 | |
| 5.50%, 02/23/54 † | |
| 500 | | |
| 470,870 | |
| Vornado Realty LP | |
| | | |
| | |
| 2.15%, 06/01/26 | |
| 200 | | |
| 198,653 | |
| 3.40%, 06/01/31 | |
| 200 | | |
| 181,829 | |
| Welltower OP LLC | |
| | | |
| | |
| 2.70%, 02/15/27 | |
| 300 | | |
| 296,585 | |
| 3.85%, 06/15/32 | |
| 325 | | |
| 309,622 | |
Wisconsin Electric Power Co.
4.75%, 09/30/32 † | |
| 300 | | |
| 303,278 | |
| Wisconsin Power and Light Co. | |
| | | |
| | |
| 1.95%, 09/16/31 | |
| 200 | | |
| 174,466 | |
| 3.95%, 09/01/32 | |
| 250 | | |
| 238,713 | |
| 4.95%, 04/01/33 | |
| 100 | | |
| 100,348 | |
| 5.38%, 03/30/34 | |
| 175 | | |
| 178,870 | |
Wisconsin Public Service Corp.
2.85%, 12/01/51 | |
| 250 | | |
| 152,706 | |
WP Carey, Inc.
2.45%, 02/01/32 | |
| 200 | | |
| 175,564 | |
WULF Compute LLC 144A
7.75%, 10/15/30 | |
| 1,825 | | |
| 1,919,189 | |
| ZF North America Capital, Inc. 144A | |
| | | |
| | |
| 6.75%, 04/23/30 | |
| 450 | | |
| 447,243 | |
| 6.88%, 04/14/28 | |
| 325 | | |
| 333,167 | |
| 6.88%, 04/23/32 | |
| 425 | | |
| 416,155 | |
| 7.12%, 04/14/30 | |
| 325 | | |
| 326,060 | |
| | |
| | | |
| 57,771,292 | |
| Uzbekistan: 0.1% | |
| | | |
| | |
JSCB Agrobank 144A
9.25%, 10/02/29 | |
| 225 | | |
| 245,286 | |
Total Corporate Bonds
(Cost: $152,631,738) | |
| | | |
| 149,018,751 | |
See Notes to Financial Statements
VANECK GREEN
BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| GOVERNMENT OBLIGATIONS: 12.0% | |
| | | |
| | |
| Chile: 0.9% | |
| | | |
| | |
| Chile Government International Bond | |
| | | |
| | |
| 2.55%, 01/27/32 | |
$ | 825 | | |
$ | 737,550 | |
| 3.50%, 01/25/50 | |
| 1,250 | | |
| 904,500 | |
| | |
| | | |
| 1,642,050 | |
| China: 2.7% | |
| | | |
| | |
| Hong Kong Government International Bond 144A | |
| | | |
| | |
| 1.38%, 02/02/31 | |
| 565 | | |
| 500,846 | |
| 2.38%, 02/02/51 | |
| 300 | | |
| 190,404 | |
| 4.00%, 06/07/28 | |
| 375 | | |
| 375,650 | |
| 4.00%, 06/07/33 | |
| 500 | | |
| 488,511 | |
| 4.12%, 06/10/30 | |
| 500 | | |
| 502,181 | |
| 4.25%, 06/07/26 | |
| 200 | | |
| 200,034 | |
| 4.25%, 07/24/27 | |
| 500 | | |
| 502,097 | |
| 4.50%, 01/11/28 | |
| 550 | | |
| 555,339 | |
| 4.62%, 01/11/33 | |
| 500 | | |
| 507,674 | |
| 5.25%, 01/11/53 | |
| 250 | | |
| 260,594 | |
| Hong Kong Government International Bond Reg S | |
| | | |
| | |
| 1.75%, 11/24/31 † | |
| 600 | | |
| 531,383 | |
| 3.62%, 11/12/28 | |
| 200 | | |
| 198,550 | |
| | |
| | | |
| 4,813,263 | |
| Dominican Republic: 0.2% | |
| | | |
| | |
Dominican Republic International Bond 144A
6.60%, 06/01/36 | |
| 375 | | |
| 386,156 | |
| Finland: 0.3% | |
| | | |
| | |
Kuntarahoitus Oyj 144A
3.62%, 10/09/29 | |
| 575 | | |
| 567,812 | |
| Israel: 0.6% | |
| | | |
| | |
Israel Government International Bond
4.50%, 01/17/33 | |
| 1,025 | | |
| 992,323 | |
| Japan: 0.2% | |
| | | |
| | |
Japan Bank for International Cooperation
4.88%, 10/18/28 | |
| 260 | | |
| 264,772 | |
| Pakistan: 0.2% | |
| | | |
| | |
Pakistan Water & Power Development Authority Reg S
7.50%, 06/04/31
|
| 400 | | |
| 378,581 | |
| Saudi Arabia: 2.8% | |
| | | |
| | |
| Gaci First Investment Co. Reg S | |
| | | |
| | |
| 4.75%, 02/14/30 | |
| 1,000 | | |
| 995,322 | |
| 4.88%, 02/14/35 | |
| 1,100 | | |
| 1,073,955 | |
| 5.00%, 10/13/27 | |
| 800 | | |
| 806,094 | |
| 5.12%, 02/14/53 | |
| 889 | | |
| 775,598 | |
| 5.25%, 10/13/32 | |
| 1,050 | | |
| 1,061,856 | |
| 5.38%, 10/13/22 | |
| 300 | | |
| 253,559 | |
| | |
| | | |
| 4,966,384 | |
| | |
Par
(000’s | ) | |
Value | |
| South Korea: 0.2% | |
| | | |
| | |
Korea Electric Power Corp. 144A
4.00%, 06/14/27 | |
$ | 175 | | |
$ | 174,529 | |
Korea Hydro & Nuclear Power Co. Ltd. Reg S
4.47% (SOFR+0.79%), 07/30/30 (a) | |
| 250 | | |
| 251,544 | |
| | |
| | | |
| 426,073 | |
| Turkey: 1.1% | |
| | | |
| | |
Istanbul Metropolitan Municipality 144A
10.50%, 12/06/28 | |
| 350 | | |
| 379,414 | |
Turkiye Government International Bond
9.12%, 07/13/30 | |
| 1,350 | | |
| 1,494,842 | |
| | |
| | | |
| 1,874,256 | |
| United States: 2.8% | |
| | | |
| | |
| Fannie Mae-Aces | |
| | | |
| | |
| 1.42%, 03/25/31 | |
| 750 | | |
| 657,635 | |
| 1.44%, 10/25/29 | |
| 300 | | |
| 273,902 | |
| 1.52%, 11/25/30 | |
| 350 | | |
| 310,176 | |
| 2.44%, 10/25/29 | |
| 337 | | |
| 318,500 | |
| 2.52%, 08/25/29 | |
| 329 | | |
| 312,338 | |
| 2.89%, 02/25/27 | |
| 148 | | |
| 146,396 | |
| 2.90%, 01/25/28 | |
| 317 | | |
| 310,383 | |
| 2.94%, 06/25/29 | |
| 5 | | |
| 4,745 | |
| 2.97%, 09/25/27 | |
| 217 | | |
| 214,277 | |
| 3.04%, 03/25/28 | |
| 188 | | |
| 184,899 | |
| 3.07%, 02/25/30 | |
| 221 | | |
| 213,106 | |
| 3.17%, 03/25/28 | |
| 302 | | |
| 296,948 | |
| 3.22%, 11/25/27 | |
| 11 | | |
| 10,617 | |
| 3.31%, 06/25/28 | |
| 275 | | |
| 270,986 | |
| 3.56%, 09/25/28 | |
| 397 | | |
| 392,332 | |
| 3.88%, 09/25/30 | |
| 224 | | |
| 220,032 | |
| Freddie Mac Multifamily Structured Pass Through Certificates | |
| | | |
| | |
| 1.30%, 06/25/30 | |
| 30 | | |
| 26,686 | |
| 1.49%, 11/25/30 | |
| 400 | | |
| 354,356 | |
| 2.00%, 01/25/31 | |
| 300 | | |
| 271,031 | |
| 3.12%, 08/25/32 | |
| 135 | | |
| 125,404 | |
| | |
| | | |
| 4,914,749 | |
Total Government Obligations
(Cost: $21,804,795) | |
| | | |
| 21,226,419 | |
| | |
| | | |
| | |
| MUNICIPAL BONDS: 0.2% | |
| | | |
| | |
| United States: 0.2% | |
| | | |
| | |
Commonwealth of Massachusetts (GO)
3.28%, 06/01/46 | |
| 150 | | |
| 119,114 | |
District of Columbia Water & Sewer Authority (RB)
4.81%, 10/01/14 | |
| 170 | | |
| 140,003 | |
| Maryland Economic Development Corp. (RB) | |
| | | |
| | |
See Notes to Financial Statements
VANECK GREEN
BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 5.94%, 05/31/57 | |
$ | 200 | | |
$ | 199,134 | |
Total Municipal Bonds
(Cost: $607,961) | |
| | | |
| 458,251 | |
| | |
| | |
| |
| | |
Number
of Shares | | |
| |
PREFERRED SECURITIES: 0.1%
(Cost: $173,320) | |
| | | |
| | |
| Canada: 0.1% | |
| | | |
| | |
Brookfield Finance, Inc.
4.62%, 10/16/80 | |
| 7,000 | | |
| 108,290 | |
| | |
| | |
| |
| | |
Par
(000’s | ) | |
| |
| ASSET-BACKED SECURITIES: 1.4% | |
| | | |
| | |
| United States: 1.4% | |
| | | |
| | |
Aligned Data Centers Issuer LLC 144A
1.94%, 08/15/46 | |
| 888 | | |
| 883,722 | |
| Compass Datacenters Issuer III LLC 144A | |
| | | |
| | |
| 5.66%, 02/25/50 | |
| 300 | | |
| 302,061 | |
| 5.84%, 02/25/50 | |
| 150 | | |
| 150,773 | |
CyrusOne Data Centers Issuer I LLC 144A
5.56%, 11/20/48 | |
| 150 | | |
| 150,112 | |
GoodLeap Sustainable Home Solutions Trust 2022-3 144A
4.95%, 07/20/49 | |
| 143 | | |
| 128,869 | |
Retained Vantage Data Centers Issuer LLC 144A
4.99%, 09/15/49 | |
| 250 | | |
| 246,276 | |
Trinity Rail Leasing 2021 LLC 144A
2.26%, 07/19/51 | |
| 120 | | |
| 113,946 | |
Triumph Rail Holdings LLC 144A
2.15%, 06/19/51 | |
| 294 | | |
| 285,254 | |
Vantage Data Centers Issuer LLC 144A
5.24%, 11/15/55 | |
| 200 | | |
| 196,776 | |
Total Asset-Backed Securities
(Cost: $2,407,040) | |
| | | |
| 2,457,789 | |
Total Investments Before Collateral for Securities Loaned: 97.9%
(Cost: $177,624,854) | | |
| 173,269,500 | |
| | |
Number
of Shares | | |
Value | |
| SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.7% | | |
| | |
Money Market Fund: 1.7%
(Cost: $2,988,491) | |
| | | |
| | |
| State Street Navigator Securities Lending Government Money Market Portfolio 3.67%(b) |
| 2,988,491 | | |
$ | 2,988,491 | |
Total Investments: 99.6%
(Cost: $180,613,345) | |
| | | |
| 176,257,991 | |
| Other assets less liabilities: 0.4% | | |
| 641,725 | |
| NET ASSETS: 100.0% | |
| | | |
$ | 176,899,716 | |
See Notes to Financial Statements
VANECK GREEN
BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
Definitions:
| GO |
|
General Obligation |
| RB |
|
Revenue Bond |
| SOFR |
|
Secured Overnight Financing Rate |
Footnotes:
| (a) |
|
Variable rate security — the rate shown is as of 04/30/26 |
| (b) |
|
The rate shown is the 7-day yield as of 04/30/26. |
| † |
|
Security fully or partially on loan. Total market value of securities on loan is $13,973,535. |
| |
|
|
| Reg S |
|
Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and
sold outside of the United States from registering with the Securities and Exchange Commission. Such a security cannot be
sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933,
or pursuant to an exemption from registration. |
| 144A |
|
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted.
These securities may be resold in transactions exempt from registration, unless otherwise noted. These securities have an
aggregate value of $58,048,242, or 32.8% of net assets. |
The summary of inputs used to value the Fund’s investments as of
April 30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Corporate Bonds * | |
$ | — | | |
$ | 149,018,751 | | |
$ | — | | |
$ | 149,018,751 | |
| Government Obligations * | |
| — | | |
| 21,226,419 | | |
| — | | |
| 21,226,419 | |
| Municipal Bonds * | |
| — | | |
| 458,251 | | |
| — | | |
| 458,251 | |
| Preferred Securities * | |
| 108,290 | | |
| — | | |
| — | | |
| 108,290 | |
| Asset-Backed Securities * | |
| — | | |
| 2,457,789 | | |
| — | | |
| 2,457,789 | |
| Money Market Fund | |
| 2,988,491 | | |
| — | | |
| — | | |
| 2,988,491 | |
| Total Investments | |
$ | 3,096,781 | | |
$ | 173,161,210 | | |
$ | — | | |
$ | 176,257,991 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| MUNICIPAL BONDS: 94.8% | |
| | | |
| | |
| Alabama: 3.9% | |
| | | |
| | |
| Alabama Special Care Facilities Financing Authority, Methodist Home for Aging (RB) | |
| | | |
| | |
| 5.75%, 06/01/35 (c) | |
$ | 1,400 | | |
$ | 1,400,603 | |
| 5.75%, 06/01/45 (c) | |
| 2,000 | | |
| 1,954,910 | |
| 6.00%, 06/01/50 (c) | |
| 3,900 | | |
| 3,774,382 | |
| Alabama State Port Authority Docks Facilities, Series A (RB) (AG) | |
| | | |
| | |
| 5.00%, 10/01/29 (c) | |
| 1,675 | | |
| 1,710,945 | |
| 5.00%, 10/01/34 (c) | |
| 1,000 | | |
| 1,016,404 | |
Baldwin County Industrial Development Authority (RB)
4.30%, 03/01/56 (c) (p) | |
| 4,250 | | |
| 4,168,376 | |
Baldwin County Industrial Development Authority, Solid Waste Disposal, Series A (RB)
5.00%, 06/01/55 (c) (p) | |
| 11,500 | | |
| 11,755,778 | |
Baldwin County, Alabama Industrial Development Authority, Series B (RB)
4.62%, 06/01/55 (c) (p) | |
| 1,750 | | |
| 1,764,535 | |
Black Belt Energy Gas District Gas Project, Series C (RB)
5.50%, 11/01/56 (c) (p) | |
| 3,000 | | |
| 3,178,961 | |
Black Belt Energy Gas District Gas Project, Series F (RB)
5.00%, 12/01/35 (c) | |
| 1,500 | | |
| 1,590,469 | |
Black Belt Energy Gas District Gas Project, Series G (RB)
5.00%, 10/01/35 (c) | |
| 2,500 | | |
| 2,627,949 | |
Black Belt Energy Gas District, Gas Project, Series A (RB)
5.00%, 12/01/34 (c) | |
| 1,500 | | |
| 1,575,495 | |
Black Belt Energy Gas District, Gas Project, Series E (RB)
5.00%, 07/01/33 (c) | |
| 2,000 | | |
| 2,102,209 | |
Black Belt Energy Gas District, Project No. 8, Series A (RB)
4.00%, 12/01/52 (c) (p) | |
| 7,000 | | |
| 7,055,821 | |
| Black Belt Energy Gas District, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/29 | |
| 1,500 | | |
| 1,566,335 | |
| 5.25%, 01/01/54 (c) (p) | |
| 5,000 | | |
| 5,317,481 | |
| 5.25%, 05/01/56 (c) (p) | |
| 3,000 | | |
| 3,050,327 | |
Black Belt Energy Gas District, Series B (RB)
5.00%, 10/01/35 (c) | |
| 2,000 | | |
| 2,007,218 | |
Black Belt Energy Gas District, Series D (RB)
5.00%, 12/01/55 (c) (p) | |
| 2,000 | | |
| 2,121,546 | |
| Black Belt Energy Gas District, Series E (RB) | |
| | | |
| | |
| 5.00%, 07/01/29 | |
| 500 | | |
| 520,425 | |
| 5.00%, 12/01/55 (c) (p) | |
| 8,500 | | |
| 9,025,237 | |
| | |
Par
(000’s | ) | |
Value | |
| Alabama (continued) | |
| | | |
| | |
Black Belt Energy Gas District, Series I (RB)
5.00%, 10/01/33 (c) | |
$ | 1,500 | | |
$ | 1,600,637 | |
County of Jefferson, Alabama Sewer (RB)
5.25%, 10/01/49 (c) | |
| 16,785 | | |
| 17,366,201 | |
Energy Southeast A Cooperative District, Energy Supply, Series A (RB)
5.50%, 11/01/53 (c) (p) | |
| 5,800 | | |
| 6,232,297 | |
Energy Southeast, A Cooperative District Energy Supply, Series A (RB)
5.00%, 11/01/35 (c) | |
| 750 | | |
| 788,245 | |
Energy Southeast, A Cooperative District Energy Supply, Series B (RB)
5.00%, 09/01/33 (c) | |
| 1,500 | | |
| 1,536,944 | |
| Homewood Educational Building Authority (RB) | |
| | | |
| | |
| 5.50%, 10/01/54 (c) | |
| 1,000 | | |
| 1,012,229 | |
| 5.50%, 10/01/54 (c) | |
| 1,000 | | |
| 1,012,230 | |
Hoover Industrial Development Board, United States Steel Corp. Project (RB)
6.38%, 11/01/50 (p) | |
| 1,180 | | |
| 1,304,266 | |
Hoover Industrial Development Board, United States Steel Corp. Project (RB) (SD CRED PROG)
5.75%, 10/01/49 (c) | |
| 8,540 | | |
| 8,751,632 | |
Industrial Development Authority, Series A (RB)
5.00%, 06/01/54 (c) | |
| 3,490 | | |
| 3,387,866 | |
Jefferson County, Sewer Revenue Warrants (RB)
5.25%, 10/01/45 (c) | |
| 2,175 | | |
| 2,317,948 | |
Lower Alabama Gas District Gas Project, Series A (RB)
5.00%, 12/01/33 (c) | |
| 2,000 | | |
| 2,092,548 | |
Mobile County Industrial Development Authority, Series B (RB)
4.75%, 12/01/54 (c) | |
| 8,500 | | |
| 7,939,929 | |
Mobile County, Alabama, GOMESA Projects (RB)
5.00%, 11/01/50 (c) | |
| 250 | | |
| 239,233 | |
Selma Alabama Industrial Development Board, International Paper Co. Project, Series A (RB)
4.20%, 05/01/34 | |
| 750 | | |
| 776,808 | |
Southeast Energy Authority A Cooperative District (RB)
5.50%, 01/01/53 (c) (p) | |
| 2,050 | | |
| 2,180,151 | |
Southeast Energy Authority A Cooperative District, Project No. 4, Series B-1 (RB)
5.00%, 05/01/53 (c) (p) | |
| 2,570 | | |
| 2,658,395 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Alabama (continued) | |
| | | |
| | |
Southeast Energy Authority, A Cooperative District Energy Supply, Series B (RB)
5.00%, 09/01/35 (c) | |
$ | 3,000 | | |
$ | 3,233,364 | |
Southeast Energy Authority, A Cooperative District Energy Supply, Series E (RB)
5.00%, 10/01/30 (c) | |
| 4,000 | | |
| 4,276,728 | |
Southeast Energy Authority, Cooperative District Commodity Supply, Series A (RB)
5.25%, 01/01/54 (c) (p) | |
| 4,545 | | |
| 4,780,344 | |
Southeast Energy Authority, Cooperative District Energy Supply, Series A (RB)
5.00%, 11/01/35 (c) | |
| 6,115 | | |
| 6,266,739 | |
Southeast Energy Authority, Cooperative District Energy Supply, Series B (RB)
5.25%, 03/01/55 (c) (p) | |
| 4,500 | | |
| 4,658,301 | |
Southeast Energy Authority, Cooperative District Gas Supply, Series F (RB)
5.25%, 11/01/55 (c) (p) | |
| 3,500 | | |
| 3,786,942 | |
Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Series A (RB)
5.25%, 05/01/44 (c) | |
| 4,000 | | |
| 4,029,876 | |
| | |
| | | |
| 161,515,259 | |
| Alaska: 0.1% | |
| | | |
| | |
Alaska Railroad Corp. (RB) (AG)
6.00%, 10/01/50 (c) | |
| 1,905 | | |
| 2,064,929 | |
Municipality of Anchorage, Alaska Port, Series A (RB)
4.50%, 02/01/60 (c) | |
| 750 | | |
| 667,322 | |
Northern Tobacco Securitization Corp., Series B-2 (RB)
0.00%, 06/01/66 (c) ^ | |
| 13,000 | | |
| 1,477,180 | |
| | |
| | | |
| 4,209,431 | |
| American Samoa: 0.2% | |
| | | |
| | |
| American Samoa Economic Development Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/28 | |
| 750 | | |
| 769,075 | |
| 5.00%, 09/01/30 | |
| 1,200 | | |
| 1,244,658 | |
| 5.00%, 09/01/38 (c) | |
| 3,250 | | |
| 3,316,998 | |
American Samoa Economic Development Authority, Series B (RB)
5.25%, 09/01/45 (c) | |
| 1,125 | | |
| 1,127,519 | |
| | |
| | | |
| 6,458,250 | |
| Arizona: 2.3% | |
| | | |
| | |
Arizona Industrial Development Authority Education, Basis Schools Projects, Series G (RB) (AG)
5.00%, 07/01/51 (c) | |
| 1,000 | | |
| 918,012 | |
| | |
Par
(000’s | ) | |
Value | |
| Arizona (continued) | |
| | | |
| | |
Arizona Industrial Development Authority, Academies of Math and Science (RB)
5.00%, 07/01/39 (c) | |
$ | 1,000 | | |
$ | 1,003,370 | |
Arizona Industrial Development Authority, Academies of Math and Science, Series B (RB)
5.00%, 07/01/29 (c) | |
| 175 | | |
| 175,830 | |
| Arizona Industrial Development Authority, American Charter School Foundation Project (RB) | |
| | | |
| | |
| 6.00%, 07/01/37 (c) | |
| 1,125 | | |
| 1,148,113 | |
| 6.00%, 07/01/47 (c) | |
| 2,940 | | |
| 2,970,269 | |
Arizona Industrial Development Authority, Arizona Agribusiness and Equine Center, Inc. Project, Series B (RB)
5.00%, 03/01/37 (c) | |
| 1,545 | | |
| 1,546,442 | |
| Arizona Industrial Development Authority, Basis School Project, Series A (RB) | |
| | | |
| | |
| 5.12%, 07/01/37 (c) | |
| 250 | | |
| 250,116 | |
| 5.25%, 07/01/47 (c) | |
| 500 | | |
| 486,647 | |
| Arizona Industrial Development Authority, Basis School Project, Series D (RB) | |
| | | |
| | |
| 5.00%, 07/01/47 (c) | |
| 270 | | |
| 254,384 | |
| 5.00%, 07/01/51 (c) | |
| 515 | | |
| 472,776 | |
Arizona Industrial Development Authority, Basis School Project, Series G (RB) (AG)
5.00%, 07/01/47 (c) | |
| 500 | | |
| 471,080 | |
Arizona Industrial Development Authority, Benjamin Franklin Charter School Projects, Series A (RB)
5.25%, 07/01/53 (c) | |
| 1,000 | | |
| 921,891 | |
Arizona Industrial Development Authority, Doral Academy Project, Series A (RB)
4.00%, 07/15/51 (c) | |
| 1,000 | | |
| 773,367 | |
| Arizona Industrial Development Authority, Education Facility, Leman Academy of Excellence, East and Central Tucson Projects, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/29 (c) | |
| 350 | | |
| 348,632 | |
| 5.00%, 07/01/54 (c) | |
| 1,000 | | |
| 892,089 | |
Arizona Industrial Development Authority, Education Facility, Leman Academy of Excellence, Series A (RB)
4.50%, 07/01/54 (c) | |
| 500 | | |
| 409,215 | |
Arizona Industrial Development Authority, Education Facility, Series A (RB)
4.00%, 07/01/61 (c) | |
| 2,500 | | |
| 1,960,263 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Arizona (continued) | |
| | | |
| | |
| 5.25%, 07/01/37 (c) | |
$ | 2,650 | | |
$ | 2,659,218 | |
Arizona Industrial Development Authority, Heritage Academy - Gateway and Laveen Projects, Series A (RB)
5.00%, 07/01/51 (c) | |
| 2,420 | | |
| 2,095,880 | |
Arizona Industrial Development Authority, Kaizen Education Project (RB)
5.70%, 07/01/47 (c) | |
| 1,000 | | |
| 1,000,673 | |
Arizona Industrial Development Authority, KIPP NYC Public Charter Schools, Macombs Facility Project, Series A (RB)
4.00%, 07/01/51 (c) | |
| 400 | | |
| 328,846 | |
Arizona Industrial Development Authority, Point 320 LLC, Series A (RB)
3.62%, 05/20/33 | |
| 5,436 | | |
| 5,429,360 | |
| Arizona Industrial Development Authority, Series A (RB) | |
| | | |
| | |
| 4.88%, 07/01/60 (c) (p) | |
| 1,150 | | |
| 1,185,326 | |
| 5.00%, 07/01/51 (c) | |
| 1,000 | | |
| 868,387 | |
| 6.75%, 03/01/65 (c) | |
| 2,000 | | |
| 2,036,699 | |
Arizona Industrial Development Authority, Somerset Academy of Las Vegas, Series A (RB)
4.00%, 12/15/51 (c) | |
| 1,400 | | |
| 1,061,758 | |
Chandler Industrial Development Authority (RB)
4.00%, 06/01/49 (c) (p) | |
| 2,000 | | |
| 2,020,346 | |
City of Phoenix Civic Improvement Corp., Series B (RB) (AG)
4.00%, 07/01/38 (c) | |
| 2,000 | | |
| 1,974,845 | |
City of Phoenix Civic Improvement Corp., Series B (RB) (BAM)
5.00%, 07/01/44 (c) | |
| 2,990 | | |
| 3,050,413 | |
City of Phoenix Civic Improvement Corporation Junior Lien Airport, Series B (RB)
4.00%, 07/01/37 (c) | |
| 1,775 | | |
| 1,757,353 | |
Glendale Industrial Development Authority, Beatitudes Campus Project (RB)
4.00%, 11/15/27 (c) | |
| 130 | | |
| 125,649 | |
Glendale Industrial Development Authority, Royal Oaks Inspirata Pointe Project, Series A (RB)
5.00%, 05/15/56 (c) | |
| 1,340 | | |
| 1,152,430 | |
Industrial Development Authority of the City of Phoenix, Basis Schools, Inc. Project, Series A (RB)
5.00%, 07/01/45 (c) | |
| 500 | | |
| 483,294 | |
| | |
Par
(000’s | ) | |
Value | |
| Arizona (continued) | |
| | | |
| | |
| 5.00%, 07/01/46 (c) | |
$ | 3,000 | | |
$ | 2,864,993 | |
Industrial Development Authority of the City of Phoenix, Downtown Student Housing, Series A (RB)
5.00%, 07/01/42 (c) | |
| 1,250 | | |
| 1,249,543 | |
Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project (RB)
5.00%, 07/01/45 (c) | |
| 4,435 | | |
| 4,281,769 | |
Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project, Series A (RB)
5.00%, 07/01/36 (c) | |
| 750 | | |
| 750,548 | |
| Industrial Development Authority of the City of Sierra Vista, American Leadership Academy Johnston, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/15/36 (c) | |
| 750 | | |
| 733,569 | |
| 6.50%, 06/15/65 (c) | |
| 1,000 | | |
| 981,519 | |
Industrial Development Authority of the City of Sierra Vista, American Leadership Academy Johnston, Series B (RB)
5.50%, 06/15/36 (c) | |
| 1,000 | | |
| 978,589 | |
Maricopa County Industrial Development Authority, Benjamin Franklin Charter School Projects, Series A (RB)
6.00%, 07/01/52 (c) | |
| 1,000 | | |
| 1,002,481 | |
Maricopa County Industrial Development Authority, Commercial Metals Co. Project (RB)
4.00%, 10/15/47 (c) | |
| 9,070 | | |
| 7,848,904 | |
| Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series A (RB) (SD CRED PROG) | |
| | | |
| | |
| 5.00%, 07/01/49 (c) | |
| 1,300 | | |
| 1,290,642 | |
| 5.00%, 07/01/54 (c) | |
| 1,400 | | |
| 1,359,138 | |
| Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/39 (c) | |
| 500 | | |
| 505,372 | |
| 5.00%, 07/01/49 (c) | |
| 1,990 | | |
| 1,864,726 | |
| 5.00%, 07/01/54 (c) | |
| 500 | | |
| 459,152 | |
Maricopa County Industrial Development Authority, Paradise School Project (RB)
5.00%, 07/01/47 (c) | |
| 1,750 | | |
| 1,628,037 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Arizona (continued) | |
| | | |
| | |
Phoenix Arizona Industrial Development Authority, Falcon Properties LLC, Project, Series A (RB)
4.15%, 12/01/57 (c) | |
$ | 5,000 | | |
$ | 2,922,556 | |
Phoenix Arizona Industrial Development Authority, Guam Facilities Foundation, Inc. Project (RB)
5.12%, 02/01/34 (c) | |
| 1,000 | | |
| 973,518 | |
Phoenix Arizona Industrial Development Authority, Provident Group - Falcon Properties LLC, Project, Series A (RB)
4.00%, 12/01/51 (c) | |
| 1,000 | | |
| 595,047 | |
| Pima County Industrial Development Authority, Edkey Charter Schools Project (RB) | |
| | | |
| | |
| 5.00%, 07/01/30 (c) (d) * | |
| 1,000 | | |
| 800,000 | |
| 5.25%, 07/01/36 (c) (d) * | |
| 250 | | |
| 200,000 | |
| 5.38%, 07/01/46 (c) (d) * | |
| 250 | | |
| 200,000 | |
| 5.50%, 07/01/51 (c) (d) * | |
| 250 | | |
| 200,000 | |
| Salt Verde Financial Corp. (RB) | |
| | | |
| | |
| 5.00%, 12/01/32 | |
| 2,000 | | |
| 2,145,413 | |
| 5.00%, 12/01/37 | |
| 6,105 | | |
| 6,477,022 | |
| 5.25%, 12/01/27 | |
| 215 | | |
| 221,093 | |
| 5.25%, 12/01/28 | |
| 245 | | |
| 255,905 | |
| Sierra Vista Industrial Development Authority (RB) | |
| | | |
| | |
| 6.25%, 06/15/45 (c) | |
| 750 | | |
| 773,208 | |
| 6.38%, 06/15/64 (c) | |
| 1,000 | | |
| 1,010,882 | |
Sierra Vista Industrial Development Authority, Wake Preparatory Academy (RB)
5.25%, 06/15/35 (c) | |
| 500 | | |
| 513,003 | |
| Tempe Industrial Development Authority (RB) | |
| | | |
| | |
| 3.75%, 12/01/31 (c) | |
| 1,000 | | |
| 997,858 | |
| 4.38%, 12/01/36 (c) | |
| 500 | | |
| 506,160 | |
| 5.38%, 12/01/46 (c) | |
| 1,500 | | |
| 1,539,461 | |
| 5.62%, 12/01/55 (c) | |
| 2,155 | | |
| 2,204,233 | |
| 5.62%, 12/01/60 (c) | |
| 3,000 | | |
| 3,044,848 | |
Tempe Industrial Development Authority, Friendship Village of Tempe (RB)
5.00%, 12/01/54 (c) | |
| 355 | | |
| 324,098 | |
The Industrial Development Authority of The City of Chandler, Arizona Industrial Development (RB)
4.10%, 12/01/37 (c) (p) | |
| 1,210 | | |
| 1,222,014 | |
| | |
Par
(000’s | ) | |
Value | |
| Arizona (continued) | |
| | | |
| | |
The Industrial Development Authority of the City of Sierra Vista, American Leadership Academy Project (RB)
5.00%, 06/15/44 (c) | |
$ | 1,000 | | |
$ | 934,995 | |
| | |
| | | |
| 98,093,269 | |
| Arkansas: 0.7% | |
| | | |
| | |
Arkansas Development Finance Authority Resource Recovery (RB)
3.88%, 10/15/65 (c) (p) | |
| 500 | | |
| 500,327 | |
| Arkansas Development Finance Authority, Environmental Improvement, United States Steel Corporation Project (RB) | |
| | | |
| | |
| 5.45%, 09/01/52 (c) | |
| 19,750 | | |
| 20,003,632 | |
| 5.70%, 05/01/53 (c) | |
| 3,205 | | |
| 3,284,258 | |
Arkansas Development Finance Authority, United States Steel Corp. Project, Series A (RB)
4.00%, 09/01/46 (p) | |
| 1,500 | | |
| 1,497,580 | |
Arkansas Development Finance Authority, United States Steel Corp. Project, Series B (RB)
4.25%, 09/01/46 (p) | |
| 4,250 | | |
| 4,237,447 | |
| | |
| | | |
| 29,523,244 | |
| California: 11.8% | |
| | | |
| | |
| Alameda Corridor Transportation Authority, Second Subordinate Lien, Series B (RB) | |
| | | |
| | |
| 5.00%, 10/01/35 (c) | |
| 1,650 | | |
| 1,660,812 | |
| 5.00%, 10/01/36 (c) | |
| 1,730 | | |
| 1,740,941 | |
| 5.00%, 10/01/37 (c) | |
| 5,535 | | |
| 5,567,578 | |
Alameda Corridor Transportation Authority, Series A (RB) (AG)
0.00%, 10/01/53 (c) ^ | |
| 1,905 | | |
| 512,654 | |
Alameda Corridor Transportation Authority, Series C (RB) (AG)
5.45%, 10/01/52 (c) | |
| 3,000 | | |
| 1,739,915 | |
| Anaheim Community Facilities District No. 08-1 (ST) | |
| | | |
| | |
| 4.00%, 09/01/36 (c) | |
| 160 | | |
| 159,342 | |
| 4.00%, 09/01/41 (c) | |
| 615 | | |
| 590,995 | |
| 4.00%, 09/01/46 (c) | |
| 420 | | |
| 380,314 | |
Anaheim Public Financing Authority, Anaheim Public Improvement Project, Series A (RB) (BAM)
5.00%, 09/01/36 (c) | |
| 2,000 | | |
| 2,049,474 | |
Antelope Valley Healthcare District, Series A (RB)
5.25%, 03/01/36 (c) | |
| 1,480 | | |
| 1,480,078 | |
California Community Choice Financing Authority (RB)
5.00%, 02/01/54 (c) (p) | |
| 1,500 | | |
| 1,584,886 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Community Choice Financing Authority, Clean Energy Project, Series A (RB)
5.00%, 01/01/56 (c) (p) | |
$ | 1,500 | | |
$ | 1,542,452 | |
California Community Choice Financing Authority, Clean Energy Project, Series A-1 (RB)
5.00%, 04/01/56 (c) (p) | |
| 3,000 | | |
| 3,216,959 | |
California Community Choice Financing Authority, Clean Energy Project, Series B (RB)
5.00%, 01/01/55 (c) (p) | |
| 4,000 | | |
| 4,094,514 | |
California Community Choice Financing Authority, Clean Energy Project, Series B-1 (RB)
5.00%, 07/01/53 (c) (p) | |
| 10,580 | | |
| 11,043,127 | |
California Community Choice Financing Authority, Clean Energy Project, Series C (RB)
5.25%, 01/01/54 (c) (p) | |
| 8,470 | | |
| 8,965,770 | |
| California Community Choice Financing Authority, Clean Energy Project, Series D (RB) | |
| | | |
| | |
| 5.00%, 02/01/31 (c) | |
| 2,500 | | |
| 2,658,135 | |
| 5.00%, 10/01/55 (c) (p) | |
| 6,000 | | |
| 6,072,006 | |
| 5.50%, 05/01/54 (c) (p) | |
| 11,500 | | |
| 12,023,941 | |
California Community Choice Financing Authority, Clean Energy Project, Series E (RB)
5.00%, 10/01/56 (c) (p) | |
| 9,000 | | |
| 9,651,983 | |
| California Community Choice Financing Authority, Clean Energy Project, Series F (RB) | |
| | | |
| | |
| 5.00%, 11/01/33 (c) | |
| 4,000 | | |
| 4,329,114 | |
| 5.00%, 02/01/55 (c) (p) | |
| 5,000 | | |
| 5,312,321 | |
California Community Choice Financing Authority, Clean Energy Project, Series G (RB)
5.00%, 12/01/35 (c) | |
| 2,000 | | |
| 2,176,523 | |
California Community Choice Financing Authority, Clean Energy Project, Series G-1 (RB)
5.25%, 11/01/54 (c) (p) | |
| 1,000 | | |
| 1,059,267 | |
California Community Choice Financing Authority, Clean Energy Project, Series H (RB)
5.00%, 01/01/56 (c) (p) | |
| 2,500 | | |
| 2,702,859 | |
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-1 (RB)
4.00%, 02/01/56 (c) | |
| 5,000 | | |
| 4,123,175 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-2 (RB)
3.00%, 08/01/56 (c) | |
$ | 4,000 | | |
$ | 2,743,658 | |
California Community Housing Agency, Essential Housing, Series A-1 (RB)
3.00%, 02/01/57 (c) | |
| 3,500 | | |
| 2,376,401 | |
California Community Housing Agency, Essential Housing, Summit at Sausalito Apartments, Series A-1 (RB)
3.00%, 02/01/57 (c) | |
| 1,000 | | |
| 681,335 | |
California Community Housing Agency, Series A-1 (RB)
4.00%, 02/01/56 (c) | |
| 4,500 | | |
| 3,746,636 | |
California County Tobacco Securitization Agency, Golden Gate Tobacco, Series A (RB)
5.00%, 06/01/36 (c) | |
| 15 | | |
| 14,743 | |
California County Tobacco Securitization Agency, Series A (RB)
4.00%, 06/01/49 (c) | |
| 1,050 | | |
| 933,919 | |
| California Enterprise Development Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/44 (c) | |
| 500 | | |
| 505,756 | |
| 5.00%, 06/01/54 (c) | |
| 1,000 | | |
| 950,918 | |
| California Enterprise Development Authority, The Rocklin Academy Project (RB) | |
| | | |
| | |
| 5.00%, 06/01/54 (c) | |
| 500 | | |
| 480,446 | |
| 5.00%, 06/01/64 (c) | |
| 1,000 | | |
| 939,869 | |
| California Health Facilities Financing Authority, Adventist Health System, Series A (RB) | |
| | | |
| | |
| 4.00%, 03/01/39 (c) | |
| 1,910 | | |
| 1,833,148 | |
| 5.00%, 12/01/31 | |
| 2,500 | | |
| 2,721,595 | |
| 5.00%, 12/01/34 (c) | |
| 2,000 | | |
| 2,213,686 | |
| 5.25%, 12/01/43 (c) | |
| 2,000 | | |
| 2,123,626 | |
| 5.25%, 12/01/44 (c) | |
| 3,175 | | |
| 3,341,655 | |
| California Health Facilities Financing Authority, Children’s Hospital, Series A (RB) | |
| | | |
| | |
| 4.00%, 08/15/49 (c) | |
| 250 | | |
| 199,604 | |
| 4.20%, 08/15/42 (c) | |
| 500 | | |
| 443,327 | |
| 5.00%, 08/15/37 (c) | |
| 460 | | |
| 460,639 | |
| 5.00%, 08/15/42 (c) | |
| 3,735 | | |
| 3,660,257 | |
California Health Facilities Financing Authority, Commonspirit Health, Series A (RB)
5.25%, 12/01/49 (c) | |
| 5,730 | | |
| 6,062,663 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Health Facilities Financing Authority, Providence St. Joseph Health, Series A (RB)
5.00%, 10/01/50 (c) (p) | |
$ | 500 | | |
$ | 554,312 | |
| California Health Facilities Financing Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/32 (c) | |
| 2,000 | | |
| 2,194,824 | |
| 5.00%, 12/01/35 (c) | |
| 2,000 | | |
| 2,230,681 | |
California Health Facilities Financing Authority, Sutter Health, Series A (RB)
4.00%, 11/15/42 (c) | |
| 300 | | |
| 287,794 | |
California Housing Finance Agency, Series A (RB)
4.00%, 03/20/33 | |
| 6,673 | | |
| 6,822,489 | |
California Infrastructure & Economic Development Bank, Brightline West Passenger Rail Project, Series B (RB)
12.00%, 01/01/65 (c) (p) | |
| 21,725 | | |
| 12,600,500 | |
California Infrastructure & Economic Development Bank, California Science Center Phase III Project, Series A (RB)
4.00%, 05/01/55 (c) | |
| 1,000 | | |
| 904,380 | |
California Infrastructure & Economic Development Bank, Charter School Portfolio Project, Series A-1 (RB)
5.00%, 01/01/55 (c) | |
| 1,000 | | |
| 870,518 | |
| California Infrastructure & Economic Development Bank, Senior National Charter School, Series B (RB) | |
| | | |
| | |
| 5.00%, 11/01/49 (c) | |
| 250 | | |
| 255,865 | |
| 5.00%, 11/01/59 (c) | |
| 1,180 | | |
| 1,189,575 | |
California Municipal Finance Authority, Ascent 613 Project, Series A (RB)
5.50%, 01/01/60 (c) | |
| 1,000 | | |
| 1,004,554 | |
| California Municipal Finance Authority, Baptist University, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/01/35 (c) | |
| 875 | | |
| 925,698 | |
| 5.12%, 11/01/40 (c) | |
| 1,000 | | |
| 1,048,467 | |
| 5.38%, 11/01/45 (c) | |
| 775 | | |
| 799,880 | |
| 5.50%, 11/01/45 (c) | |
| 500 | | |
| 500,081 | |
California Municipal Finance Authority, California Baptist University, Series A (RB)
5.00%, 11/01/36 (c) | |
| 1,000 | | |
| 1,001,424 | |
California Municipal Finance Authority, Charter School Santa Rosa Academy Project (RB)
5.00%, 07/01/62 (c) | |
| 1,000 | | |
| 912,743 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project (RB)
5.00%, 05/15/38 (c) | |
$ | 500 | | |
$ | 514,968 | |
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project (RB) (BAM)
4.00%, 05/15/48 (c) | |
| 150 | | |
| 136,855 | |
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project, Series A (RB)
5.00%, 05/15/30 (c) | |
| 1,000 | | |
| 1,047,456 | |
California Municipal Finance Authority, CHF-Davis II, LLC - Orchard Park Student Housing Project (RB) (BAM)
4.00%, 05/15/46 (c) | |
| 5,000 | | |
| 4,730,295 | |
California Municipal Finance Authority, CHF-Davis II, LLC - Orchard Park Student Housing Project, Series A (RB) (BAM)
4.00%, 05/15/41 (c) | |
| 1,500 | | |
| 1,505,344 | |
| California Municipal Finance Authority, Clay Lacy Aviation Facilities (RB) | |
| | | |
| | |
| 5.00%, 01/01/41 (c) | |
| 1,000 | | |
| 1,002,892 | |
| 6.00%, 01/01/55 (c) | |
| 2,000 | | |
| 2,011,521 | |
| California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/30 (c) | |
| 200 | | |
| 203,455 | |
| 5.00%, 07/01/31 (c) | |
| 250 | | |
| 254,119 | |
| California Municipal Finance Authority, John Adams Academies Lincoln Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/39 (c) | |
| 500 | | |
| 500,782 | |
| 5.00%, 10/01/49 (c) | |
| 500 | | |
| 463,490 | |
| 5.00%, 10/01/57 (c) | |
| 500 | | |
| 446,262 | |
California Municipal Finance Authority, Julian Charter School Project, Series A (RB)
5.62%, 03/01/45 (c) | |
| 2,390 | | |
| 2,191,463 | |
| California Municipal Finance Authority, LINXS APM Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/30/28 | |
| 65 | | |
| 67,544 | |
| 5.00%, 06/30/29 (c) | |
| 600 | | |
| 623,129 | |
| 5.00%, 12/31/29 (c) | |
| 500 | | |
| 519,027 | |
| 5.00%, 12/31/43 (c) | |
| 17,675 | | |
| 17,910,694 | |
| California Municipal Finance Authority, LINXS APM Project, Series A (RB) (AG) | |
| | | |
| | |
| 3.00%, 12/31/30 (c) | |
| 1,950 | | |
| 1,883,157 | |
| 5.00%, 06/30/31 (c) | |
| 1,035 | | |
| 1,071,811 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
| 5.00%, 12/31/33 (c) | |
$ | 3,800 | | |
$ | 3,918,036 | |
| 5.00%, 12/31/34 (c) | |
| 700 | | |
| 720,491 | |
| 5.00%, 12/31/47 (c) | |
| 9,810 | | |
| 9,780,355 | |
California Municipal Finance Authority, Municipal Certificates, Class A-1 (RB)
4.05%, 07/20/41 | |
| 1,998 | | |
| 1,965,212 | |
California Municipal Finance Authority, Northbay Healthcare Group, Series A (RB)
5.25%, 11/01/47 (c) | |
| 230 | | |
| 229,046 | |
| California Municipal Finance Authority, Palmdale Aerospace Academy, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/31 (c) | |
| 1,000 | | |
| 1,000,728 | |
| 5.00%, 07/01/38 (c) | |
| 130 | | |
| 130,616 | |
| 5.00%, 07/01/41 (c) | |
| 500 | | |
| 498,388 | |
| 5.00%, 07/01/49 (c) | |
| 2,815 | | |
| 2,635,163 | |
| California Municipal Finance Authority, PRS-California Obligated Group Projects, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/44 (c) | |
| 1,000 | | |
| 1,039,146 | |
| 5.00%, 04/01/54 (c) | |
| 1,000 | | |
| 1,009,502 | |
| California Municipal Finance Authority, SFMTA Potrero Yard Modernization Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/60 (c) | |
| 1,000 | | |
| 1,022,376 | |
| 5.50%, 09/01/56 (c) | |
| 1,000 | | |
| 1,075,216 | |
California Municipal Finance Authority, SFMTA Potrero Yard Modernization Project, Series B (RB)
5.00%, 06/30/32 (c) | |
| 1,500 | | |
| 1,612,563 | |
California Municipal Finance Authority, Social Bonds - Healthright 360, Series A (RB)
5.00%, 11/01/49 (c) | |
| 1,000 | | |
| 945,505 | |
California Municipal Finance Authority, St. Mary’s School Aliso Viejo, Series A (RB)
5.88%, 05/01/59 (c) | |
| 570 | | |
| 575,711 | |
California Municipal Finance Authority, UCR Dundee-Glasgow Student Housing Project (RB) (BAM)
4.00%, 05/15/48 (c) | |
| 250 | | |
| 231,348 | |
California Municipal Finance Authority, United Airlines, Inc., International Airport Project (RB)
4.00%, 07/15/29 | |
| 19,000 | | |
| 19,117,371 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
| California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) | |
| | | |
| | |
| 7.00%, 07/01/22 (d) * | |
$ | 1,000 | | |
$ | 11,250 | |
| 7.50%, 07/01/32 (c) (d) * | |
| 10,500 | | |
| 118,125 | |
| 7.50%, 12/01/39 (c) (d) * | |
| 6,863 | | |
| 68 | |
| 8.00%, 07/01/39 (c) (d) * | |
| 6,635 | | |
| 74,644 | |
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) (SAW)
7.50%, 07/01/32 (d) * | |
| 1,000 | | |
| 11,250 | |
California Pollution Control Financing Authority, Water Furnishing, Poseidon Resources LP Desalination Project (RB)
5.00%, 07/01/38 (c) | |
| 1,500 | | |
| 1,600,867 | |
California Pollution Control Financing Authority, Water Furnishing, Poseidon Resources LP Desalination Project (RB) (ACA)
5.00%, 07/01/37 (c) | |
| 3,000 | | |
| 3,003,507 | |
| California Public Finance Authority, Charter School Project, Series A (RB) | |
| | | |
| | |
| 5.62%, 06/15/55 (c) | |
| 1,000 | | |
| 1,004,226 | |
| 6.00%, 06/15/65 (c) | |
| 2,345 | | |
| 2,386,598 | |
California Public Finance Authority, Enso Village Project, Series A (RB)
5.00%, 06/01/54 (c) | |
| 400 | | |
| 358,987 | |
| California Public Finance Authority, Series A (RB) | |
| | | |
| | |
| 5.88%, 06/01/39 (c) | |
| 1,000 | | |
| 1,003,131 | |
| 6.50%, 06/01/54 (c) | |
| 2,000 | | |
| 1,901,395 | |
| 6.62%, 03/01/65 (c) | |
| 1,000 | | |
| 1,026,945 | |
California School Finance Authority, Charter School Facility, Grimmway School, Series A (RB)
5.00%, 07/01/36 (c) | |
| 2,000 | | |
| 2,001,522 | |
| California School Finance Authority, Charter School Project (RB) | |
| | | |
| | |
| 5.50%, 07/01/54 (c) | |
| 1,000 | | |
| 943,993 | |
| 5.60%, 07/01/64 (c) | |
| 1,250 | | |
| 1,171,351 | |
California School Finance Authority, Charter School, John Adams Academies, Series A (RB)
5.00%, 07/01/52 (c) | |
| 1,000 | | |
| 912,722 | |
California School Finance Authority, NCCD-Santa Rosa Properties LLC, Series A (RB)
4.00%, 11/01/51 (c) | |
| 1,000 | | |
| 811,806 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California School Finance Authority, New Designs Charter School Project, Series A (RB)
5.00%, 06/01/64 (c) | |
$ | 1,000 | | |
$ | 915,789 | |
California School Finance Authority, River Springs Charter School Project, Series A (RB)
5.00%, 07/01/47 (c) | |
| 2,000 | | |
| 1,906,015 | |
| California Statewide Communities Development Authority, Baptist University, Series A (RB) | |
| | | |
| | |
| 3.50%, 11/01/27 | |
| 640 | | |
| 635,058 | |
| 5.00%, 11/01/41 (c) | |
| 1,000 | | |
| 1,003,189 | |
California Statewide Communities Development Authority, College Housing (RB)
5.25%, 07/01/49 (c) | |
| 250 | | |
| 250,269 | |
California Statewide Communities Development Authority, Front Porch Communities and Services, Series A (RB)
3.00%, 04/01/51 (c) | |
| 2,000 | | |
| 1,414,366 | |
| California Statewide Communities Development Authority, Irvine East Campus Armaments, CHF-Irvine, LLC (RB) | |
| | | |
| | |
| 5.00%, 05/15/30 (c) | |
| 385 | | |
| 385,535 | |
| 5.00%, 05/15/33 (c) | |
| 545 | | |
| 545,662 | |
California Statewide Communities Development Authority, Lancer Educational Student Housing Project, Series A (RB)
5.00%, 06/01/39 (c) | |
| 435 | | |
| 441,368 | |
| California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/41 (c) | |
| 17,050 | | |
| 17,058,770 | |
| 5.25%, 12/01/44 (c) | |
| 6,340 | | |
| 6,342,487 | |
| 5.25%, 12/01/48 (c) | |
| 4,000 | | |
| 4,031,245 | |
| 5.25%, 12/01/56 (c) | |
| 13,900 | | |
| 13,899,828 | |
| 5.50%, 12/01/54 (c) | |
| 11,705 | | |
| 11,707,663 | |
| 5.50%, 12/01/58 (c) | |
| 3,500 | | |
| 3,533,213 | |
California Statewide Communities Development Authority, Provident Group Pomona Properties LLC, Series A (RB)
5.00%, 12/01/46 (c) | |
| 4,730 | | |
| 4,730,280 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
| California Statewide Communities Development Authority, University of California, Irvine East Campus Apartments (RB) | |
| | | |
| | |
| 3.50%, 05/15/36 (c) | |
$ | 615 | | |
$ | 604,122 | |
| 5.00%, 05/15/47 (c) | |
| 3,170 | | |
| 3,179,068 | |
California Statewide Financing Authority, Pooled Tobacco Securitization Program, Series C (RB)
6.00%, 05/01/43 (c) | |
| 900 | | |
| 917,386 | |
Central Valley Energy Authority (RB)
5.00%, 08/01/34 (c) | |
| 2,500 | | |
| 2,660,957 | |
City and County of San Francisco, Airport Commission, International Airport, Series A (RB)
5.00%, 05/01/33 | |
| 1,250 | | |
| 1,388,930 | |
City and County of San Francisco, Mission Rock Facilities and Services, Series A (ST)
4.00%, 09/01/41 (c) | |
| 1,635 | | |
| 1,546,621 | |
| City of Dublin, Community Facilities District No. 2015-1 (ST) |
| | | |
| | |
| 5.00%, 09/01/37 (c) | |
| 1,150 | | |
| 1,167,793 | |
| 5.00%, 09/01/39 (c) | |
| 500 | | |
| 516,208 | |
| 5.00%, 09/01/44 (c) | |
| 500 | | |
| 509,355 | |
| 5.00%, 09/01/47 (c) | |
| 485 | | |
| 487,186 | |
| 5.00%, 09/01/49 (c) | |
| 500 | | |
| 504,200 | |
| City of Fontana, Community Facilities District No. 109, Narra Hills (ST) | |
| | | |
| | |
| 5.00%, 09/01/49 (c) | |
| 1,000 | | |
| 1,011,993 | |
| 5.00%, 09/01/54 (c) | |
| 1,400 | | |
| 1,408,628 | |
City of Fontana, Community Facilities District No. 90 (ST)
4.00%, 09/01/51 (c) | |
| 500 | | |
| 439,971 | |
City of Fremont, Community Facilities District No. 1 (ST)
5.00%, 09/01/40 (c)
|
| 250 | | |
| 250,442 | |
| City of Irvine, Community Facilities District No. 2013-3 (ST) |
| | | |
| | |
| 4.00%, 09/01/32 (c) | |
| 230 | | |
| 230,274 | |
| 4.00%, 09/01/33 (c) | |
| 250 | | |
| 250,235 | |
| 4.00%, 09/01/34 (c) | |
| 250 | | |
| 250,177 | |
| City of Los Angeles Department of Airports, Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/34 | |
| 500 | | |
| 559,820 | |
| 5.00%, 05/15/35 | |
| 500 | | |
| 562,479 | |
| 5.50%, 05/15/55 (c) | |
| 1,000 | | |
| 1,066,725 | |
City of Los Angeles Department of Airports, Series F (RB)
5.00%, 05/15/35 | |
| 500 | | |
| 562,479 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
City of Rancho Cordova, Sunridge Anatolia Community Facilities District No. 2003-1 (ST) 4.00%, 09/01/37 (c) | |
$ | 180 | | |
$ | 179,999 | |
City of Roseville, Amoruso Ranch Community Facilities District No.1, Improvement Area No.1 (ST) 5.00%, 09/01/49 (c) | |
| 1,000 | | |
| 1,005,174 | |
| City of Roseville, Fiddyment Ranch Community Facilities District No. 1 (ST) | |
| | | |
| | |
| 3.75%, 09/01/36 (c) | |
| 500 | | |
| 488,713 | |
| 5.00%, 09/01/34 (c) | |
| 155 | | |
| 157,732 | |
City of Roseville, Fiddyment Ranch Community Facilities District No. 5 (ST)
5.00%, 09/01/47 (c) | |
| 3,450 | | |
| 3,462,893 | |
CMFA Special Finance Agency VII, Essential Housing, The Breakwater Apartments, Series A-1 (RB)
3.00%, 08/01/56 (c) | |
| 4,000 | | |
| 2,762,733 | |
CMFA Special Finance Agency VIII, Essential Housing, Series A-1 (RB)
3.00%, 08/01/56 (c) | |
| 8,360 | | |
| 5,714,460 | |
CMFA Special Finance Agency XII, Essential Housing, Series A-1 (RB)
3.25%, 02/01/57 (c) | |
| 5,500 | | |
| 3,893,996 | |
CMFA Special Finance Agency XII, Essential Housing, Series A-2 (RB)
4.38%, 08/01/49 (c) | |
| 1,000 | | |
| 821,051 | |
CMFA Special Finance Agency, Essential Housing, Series A-1 (RB)
4.00%, 08/01/56 (c) | |
| 2,975 | | |
| 2,553,810 | |
| Compton Public Finance Authority (RB) | |
| | | |
| | |
| 4.00%, 09/01/27 (c) | |
| 400 | | |
| 400,032 | |
| 4.50%, 09/01/32 (c) | |
| 1,585 | | |
| 1,585,348 | |
Corona California, Community Facilities District No. 2018-1 (ST) 5.00%, 09/01/54 (c) | |
| 500 | | |
| 501,047 | |
County of Los Angeles, Community Facilities District No. 2019-1 of the Sulphur Union School District, Series A (ST) 5.00%, 09/01/54 (c) | |
| 1,000 | | |
| 1,002,093 | |
County of Los Angeles, Community Facilities District No. 2021-01 (ST) 5.00%, 09/01/47 (c) | |
| 1,000 | | |
| 1,019,908 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
CSCDA Community Improvement Authority Series A-2 (RB)
3.00%, 02/01/57 (c)
|
$ | 1,975 | | |
$ | 1,386,263 | |
CSCDA Community Improvement Authority, Essential Housing, Series A (RB) 3.00%, 09/01/56 (c) | |
| 2,060 | | |
| 1,412,230 | |
CSCDA Community Improvement Authority, Essential Housing, Series A (RB) (NATL) 4.00%, 10/01/56 (c) | |
| 2,500 | | |
| 2,063,134 | |
| CSCDA Community Improvement Authority, Essential Housing, Series A-1 (RB) | |
| | | |
| | |
| 2.65%, 12/01/46 (c) | |
| 2,495 | | |
| 2,131,137 | |
| 2.80%, 03/01/47 (c) | |
| 1,875 | | |
| 1,642,885 | |
| 3.00%, 07/01/43 (c) | |
| 2,500 | | |
| 2,032,801 | |
| 3.00%, 07/01/45 (c) | |
| 1,000 | | |
| 808,835 | |
| 3.40%, 10/01/46 (c) | |
| 2,000 | | |
| 1,614,221 | |
| 3.50%, 10/01/46 (c) | |
| 1,000 | | |
| 837,032 | |
| 3.60%, 05/01/47 (c) | |
| 2,000 | | |
| 1,679,335 | |
| CSCDA Community Improvement Authority, Essential Housing, Series A-2 (RB) | |
| | | |
| | |
| 3.00%, 12/01/56 (c) | |
| 5,000 | | |
| 3,464,280 | |
| 3.00%, 03/01/57 (c) | |
| 9,000 | | |
| 6,182,467 | |
| 3.12%, 07/01/56 (c) | |
| 2,500 | | |
| 1,635,232 | |
| 3.12%, 08/01/56 (c) | |
| 4,205 | | |
| 3,112,740 | |
| 3.25%, 04/01/57 (c) | |
| 3,000 | | |
| 2,177,173 | |
| 4.00%, 07/01/56 (c) | |
| 5,350 | | |
| 4,102,183 | |
| 4.00%, 10/01/56 (c) | |
| 4,750 | | |
| 3,731,003 | |
| CSCDA Community Improvement Authority, Essential Housing, Series B (RB) | |
| | | |
| | |
| 4.00%, 10/01/48 (c) | |
| 500 | | |
| 392,241 | |
| 4.00%, 12/01/48 (c) | |
| 1,000 | | |
| 796,922 | |
| 4.00%, 04/01/57 (c) | |
| 1,000 | | |
| 742,348 | |
| Folsom Ranch Financing Authority (ST) | |
| | | |
| | |
| 5.00%, 09/01/32 (c) | |
| 1,100 | | |
| 1,121,195 | |
| 5.00%, 09/01/37 (c) | |
| 2,000 | | |
| 2,026,780 | |
Folsom Ranch Financing Authority, Folsom Community Facilities District No. 18 (ST) 5.00%, 09/01/49 (c) | |
| 1,000 | | |
| 1,013,363 | |
Golden State Connect Authority 6.50%, 12/01/60 (c) | |
| 500 | | |
| 491,705 | |
Golden State Tobacco Securitization Corp., California Tobacco Settlement, Series A-1 (RB) 5.00%, 06/01/51 (c) | |
| 3,900 | | |
| 3,894,297 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
Golden State Tobacco Securitization Corp., California Tobacco Settlement, Series B-2 (RB) 0.00%, 06/01/66 (c) ^ | |
$ | 111,000 | | |
$ | 10,960,773 | |
Independent Cities Finance Authority, Mobil Home Park, Series A (RB) 3.75%, 10/15/46 (c) | |
| 250 | | |
| 206,866 | |
Irvine Unified School District, Series B (ST) 5.00%, 09/01/51 (c) | |
| 1,075 | | |
| 1,075,532 | |
Lincoln Public Financing Authority, Twelve Bridges, Series B (SA) 6.00%, 09/02/27 (c) | |
| 6 | | |
| 6,014 | |
Los Angeles County, California Community Facilities District No. 2021-01, Valencia-Facilities Improvement Area No. 2 (ST) 5.00%, 09/01/54 (c) | |
| 500 | | |
| 502,402 | |
Los Angeles Department of Water & Power (RB) 5.00%, 07/01/28 (c) | |
| 500 | | |
| 517,743 | |
Mountain House Community Facilities District, Special Tax (ST) 5.00%, 09/01/55 (c) | |
| 1,240 | | |
| 1,228,698 | |
| MSR Energy Authority, California Gas, Series A (RB) | |
| | | |
| | |
| 6.12%, 11/01/29 | |
| 1,335 | | |
| 1,404,525 | |
| 7.00%, 11/01/34 | |
| 2,000 | | |
| 2,394,505 | |
| MSR Energy Authority, California Gas, Series B (RB) | |
| | | |
| | |
| 6.50%, 11/01/39 | |
| 1,000 | | |
| 1,211,785 | |
| 7.00%, 11/01/34 | |
| 5,000 | | |
| 5,986,262 | |
MSR Energy Authority, California Gas, Series C (RB) 7.00%, 11/01/34 | |
| 1,470 | | |
| 1,759,961 | |
Municipal Improvement Corporation of Los Angeles Lease, Los Angeles Convention Center, Series A (RB) 5.00%, 05/01/45 (c) | |
| 750 | | |
| 809,238 | |
| Orange County Community Facilities District No. 1, Series A (ST) | |
| | | |
| | |
| 4.25%, 08/15/38 (c) | |
| 975 | | |
| 976,272 | |
| 5.25%, 08/15/45 (c) | |
| 455 | | |
| 455,582 | |
Pajaro Valley Health Care District, Counties of Santa Cruz and Monterey, California, Series A (GO) 5.00%, 09/01/54 (c) | |
| 500 | | |
| 470,558 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
Palm Desert California Improvement, Section 29 Assessment District No. 2004-02 (SA) 4.00%, 09/02/37 (c) | |
$ | 1,100 | | |
$ | 1,092,483 | |
Palomar Health (RB) 5.00%, 11/01/31 (c) | |
| 250 | | |
| 250,238 | |
Perris Union High School District Financing Authority (ST) 5.00%, 09/01/41 (c) | |
| 1,000 | | |
| 1,001,354 | |
| River Islands Public Financing Authority (ST) | |
| | | |
| | |
| 4.75%, 09/01/45 (c) | |
| 250 | | |
| 248,161 | |
| 5.00%, 09/01/55 (c) | |
| 500 | | |
| 480,674 | |
| River Islands Public Financing Authority, Community Facilities District No. 2003-1 (ST) | |
| | | |
| | |
| 4.50%, 09/01/44 (c) | |
| 1,700 | | |
| 1,650,580 | |
| 5.00%, 09/01/54 (c) | |
| 1,000 | | |
| 963,561 | |
River Islands Public Financing Authority, Community Facilities District No. 2003-1, Series A-1 (ST) 5.00%, 09/01/38 (c) | |
| 500 | | |
| 514,092 | |
Romoland School District No. 2004-1 (ST) 5.00%, 09/01/48 (c) | |
| 500 | | |
| 504,026 | |
Sacramento County, California Airport System, Series A (RB) 5.00%, 07/01/36 (c) | |
| 500 | | |
| 558,199 | |
| Sacramento County, Community Facilities District No. 2005-2 (ST) | |
| | | |
| | |
| 5.00%, 09/01/40 (c) | |
| 345 | | |
| 345,999 | |
| 5.00%, 09/01/45 (c) | |
| 495 | | |
| 495,705 | |
| San Francisco California City & County, Airport Commission, International Airport, Series A (RB) | |
| | | |
| | |
| 5.00%, 05/01/35 | |
| 750 | | |
| 843,633 | |
| 5.00%, 05/01/35 (c) | |
| 2,000 | | |
| 2,229,966 | |
| 5.00%, 01/01/47 (c) | |
| 1,475 | | |
| 1,561,541 | |
| 5.50%, 05/01/55 (c) | |
| 2,755 | | |
| 2,929,893 | |
San Jacinto Unified School District Financing Authority (ST) 5.00%, 09/01/49 (c) | |
| 300 | | |
| 301,418 | |
San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series B (RB) 5.25%, 01/15/49 (c) | |
| 100 | | |
| 100,049 | |
San Joaquin Hills Transportation Corridor Agency, Series A (RB) 4.00%, 01/15/34 (c) | |
| 3,130 | | |
| 3,241,688 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
| San Joaquin Hills Transportation Corridor Agency, Toll Road, Series A (RB) (NATL) | |
| | | |
| | |
| 0.00%, 01/15/32 ^ | |
$ | 145 | | |
$ | 120,508 | |
| 0.00%, 01/15/36 ^ | |
| 105 | | |
| 74,268 | |
San Joaquin Valley Clean Energy Authority, Series A (RB) 5.50%, 01/01/56 (c) (p) | |
| 2,000 | | |
| 2,203,562 | |
Saugus Hart School Facilities Financing Authority, Community Facilities District No. 2006-1 (ST) 5.00%, 09/01/41 (c) | |
| 500 | | |
| 500,924 | |
Southern California Public Power Authority, Transmission System Renewal Project (RB) 5.00%, 07/01/53 (c) (p) | |
| 1,000 | | |
| 1,049,567 | |
Successor Agency of Pittsburg, Los Medanos Community Development Project, Series A (TA) (AG) 5.00%, 09/01/29 (c) | |
| 1,020 | | |
| 1,028,100 | |
Tejon Ranch Public Facilities Finance Authority, Series A (ST) 5.00%, 09/01/54 (c) | |
| 1,000 | | |
| 1,000,066 | |
Tobacco Securitization Authority of Southern California, San Diego County Tobacco Asset Securitization Corp., Series B-1, Class 2 (RB) 5.00%, 06/01/48 (c) | |
| 2,000 | | |
| 1,969,816 | |
Tobacco Securitization Authority of Southern California, Series B (RB) 0.00%, 06/01/46 (c) ^ | |
| 5,000 | | |
| 1,255,643 | |
William S. Hart Union High School District No. 2015-1 (ST) 5.00%, 09/01/42 (c) | |
| 445 | | |
| 446,041 | |
| | |
| | | |
| 493,755,273 | |
| Colorado: 2.5% | |
| | | |
| | |
Aerotropolis Colorado Regional Transportation Authority (RB) 4.38%, 12/01/52 (c) | |
| 3,000 | | |
| 2,539,696 | |
Arkansas River Power Authority, Power Supply System, Series A (RB) 5.00%, 10/01/43 (c) | |
| 2,010 | | |
| 2,040,398 | |
Base Village Metropolitan District No. 2, Series A (GO) 5.75%, 12/01/46 (c) | |
| 1,000 | | |
| 1,000,419 | |
Board of Governors of Colorado State University System, Series C (RB) 5.00%, 03/01/36 (c) | |
| 1,200 | | |
| 1,365,918 | |
| | |
Par
(000’s | ) | |
Value | |
| Colorado (continued) | |
| | | |
| | |
| Brighton Crossing Metropolitan District No. 6, Series A (GO) | |
| | | |
| | |
| 5.00%, 12/01/35 (c) | |
$ | 500 | | |
$ | 507,677 | |
| 5.00%, 12/01/40 (c) | |
| 500 | | |
| 504,773 | |
Centerra Metropolitan District No. 1, Larimer County (GO) 5.00%, 12/01/51 (c) | |
| 1,000 | | |
| 982,185 | |
| Centerra Metropolitan District No. 1, Larimer County (TA) | |
| | | |
| | |
| 5.00%, 12/01/29 (c) | |
| 500 | | |
| 500,677 | |
| 5.00%, 12/01/37 (c) | |
| 500 | | |
| 500,203 | |
| 5.00%, 12/01/47 (c) | |
| 500 | | |
| 499,966 | |
City and County of Denver, Colorado, Airport System Subordinate, Series A (RB) 5.00%, 12/01/36 | |
| 705 | | |
| 785,889 | |
City and County of Denver, Colorado, Airport System Subordinate, Series A (RB) (AG) 5.00%, 12/01/48 (c) | |
| 5,000 | | |
| 5,010,697 | |
City and County of Denver, Colorado, Department of Aviation Airport System, Series A (RB) 5.00%, 11/15/34 (c) | |
| 1,695 | | |
| 1,852,936 | |
City and County of Denver, Colorado, Special Facilities Airport, United Airlines, Inc. Project (RB) 5.00%, 10/01/32 (c) | |
| 13,695 | | |
| 13,706,832 | |
City of Fruita, Colorado Healthcare Canyons Hospital and Medical Center, Series B (RB) 5.50%, 01/01/48 (c) | |
| 2,250 | | |
| 2,143,426 | |
City of Louisville, Redtail Ridge Metropolitan District, Capital Appreciation Turbo (GO) 0.00%, 12/01/32 (c) ^ | |
| 1,500 | | |
| 964,419 | |
Colorado Educational and Cultural Facilities Authority, Rocky Mountain Classical Academy Project (RB) 5.00%, 10/01/49 (c) | |
| 500 | | |
| 469,085 | |
Colorado Health Facilities Authority (RB) 5.00%, 09/01/35 | |
| 1,000 | | |
| 1,117,434 | |
| Colorado Health Facilities Authority, CommonSpirit Health, Series A (RB) | |
| | | |
| | |
| 3.25%, 08/01/49 (c) | |
| 5 | | |
| 3,919 | |
| 5.00%, 09/01/29 | |
| 9,000 | | |
| 9,546,283 | |
Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB) 5.00%, 08/01/44 (c) | |
| 7,000 | | |
| 7,149,603 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Colorado (continued) | |
| | | |
| | |
Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB) (BAM) 4.00%, 08/01/49 (c) | |
$ | 2,105 | | |
$ | 1,873,557 | |
Colorado Health Facilities Authority, Covenant Living Communities and Services, Series A (RB) 5.12%, 12/01/55 (c) | |
| 1,000 | | |
| 984,310 | |
Colorado Health Facilities Authority, Senior Living Second Tier, American Eagle Portfolio Project Series B-1 (RB) 2.00%, 07/01/57 (c) * | |
| 536 | | |
| 26,808 | |
Colorado High Performance Transportation Enterprise, C-470 Express Lanes (RB) 5.00%, 12/31/51 (c) | |
| 350 | | |
| 347,181 | |
Crowfoot Valley Ranch Metropolitan District No. 2, Series B (GO) 6.12%, 12/15/54 (c) | |
| 750 | | |
| 734,864 | |
| CSU Strata Student Housing, The Prospect Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 03/01/40 (c) | |
| 1,250 | | |
| 1,292,695 | |
| 5.25%, 03/01/45 (c) | |
| 1,000 | | |
| 1,020,040 | |
| 5.38%, 03/01/55 (c) | |
| 2,000 | | |
| 1,975,973 | |
| 5.50%, 03/01/65 (c) | |
| 7,180 | | |
| 7,108,626 | |
Fountain Urban Renewal Authority, South Academy Highlands Project, Series A (TA) 4.50%, 11/01/29 (c) | |
| 605 | | |
| 602,543 | |
Green Valley Ranch East Metropolitan District No. 6, Series A (GO) 5.88%, 12/01/50 (c) | |
| 1,000 | | |
| 1,015,015 | |
Jefferson Center Metropolitan District No. 1, Series A-2 (RB)
4.38%, 12/01/47 (c)
|
| 1,500 | | |
| 1,393,587 | |
Kinston Metropolitan District No. 5, Series A (GO) 5.50%, 12/01/45 (c) | |
| 500 | | |
| 512,788 | |
Metro Water Recovery, Series A (RB) 5.00%, 04/01/51 (c) | |
| 3,000 | | |
| 3,166,526 | |
Painted Prairie Public Improvement Authority (RB) 5.00%, 12/01/39 (c) | |
| 1,000 | | |
| 885,425 | |
Palisade Metropolitan District No. 2, Series B (RB) 5.88%, 12/15/54 (c) | |
| 1,000 | | |
| 989,263 | |
| Park Creek Metropolitan District (RB) (AG) | |
| | | |
| | |
| 5.00%, 12/01/43 (c) | |
| 1,000 | | |
| 1,062,260 | |
| 5.00%, 12/01/44 (c) | |
| 1,000 | | |
| 1,055,639 | |
| | |
Par
(000’s | ) | |
Value | |
| Colorado (continued) | |
| | | |
| | |
Peak Metropolitan District No. 1, El Paco County, Series A (GO) 4.00%, 12/01/35 (c) | |
$ | 540 | | |
$ | 491,043 | |
Prairie Center Metropolitan District No. 3, Adams County, Series A (RB) 5.00%, 12/15/41 (c) | |
| 4,000 | | |
| 4,005,819 | |
Public Authority for Colorado Energy Natural Gas (RB) 6.50%, 11/15/38 | |
| 2,000 | | |
| 2,398,941 | |
Rampart Range Metropolitan District No. 5, Colorado Limited Tax Supported and Special Bonds (RB) 4.00%, 12/01/51 (c) | |
| 3,000 | | |
| 2,429,859 | |
Reunion Metropolitan District, Series A (RB) 3.62%, 12/01/44 (c) | |
| 912 | | |
| 696,106 | |
Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado (GO) 5.00%, 04/01/35 | |
| 3,000 | | |
| 3,241,411 | |
Southglenn Metropolitan District (GO) 5.00%, 12/01/46 (c) | |
| 838 | | |
| 800,110 | |
Southlands Metropolitan District No. 1, Series A-1 (GO) 5.00%, 12/01/47 (c) | |
| 1,200 | | |
| 1,195,004 | |
St. Vrain Lakes Metropolitan District No. 4, Colorado, Series A (GO) 6.75%, 09/20/54 (c) | |
| 1,000 | | |
| 741,822 | |
STC Metropolitan District No. 2, Series A-1 (GO) (AG) 5.25%, 12/01/45 (c) | |
| 500 | | |
| 528,144 | |
Sterling Ranch Community Authority Board, Colorado Limited Tax, Series A (RB) 6.50%, 12/01/54 (c) | |
| 1,000 | | |
| 1,037,216 | |
Sterling Ranch Community Authority Board, Douglas County (SA) 5.62%, 12/01/43 (c) | |
| 478 | | |
| 495,219 | |
Sterling Ranch Community Authority Board, Douglas County, Series A (RB) 5.75%, 12/01/54 (c) | |
| 1,000 | | |
| 1,007,850 | |
| Verve Metropolitan District No. 1 (GO) | |
| | | |
| | |
| 5.00%, 12/01/36 (c) | |
| 1,025 | | |
| 1,002,983 | |
| 5.75%, 12/01/33 (c) | |
| 1,000 | | |
| 1,015,699 | |
Village Metropolitan District (GO) 5.00%, 12/01/49 (c) | |
| 1,750 | | |
| 1,689,185 | |
Windler Public Improvement Authority, Series A-1 (RB) (BAM) 4.00%, 12/01/36 (c) | |
| 1,000 | | |
| 899,692 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Colorado (continued) | |
| | | |
| | |
| 4.00%, 12/01/41 (c) | |
$ | 1,000 | | |
$ | 850,273 | |
| | |
| | | |
| 103,765,911 | |
| Connecticut: 1.1% | |
| | | |
| | |
City of Hartford, Connecticut, State Contract Assistance (RB) 5.00%, 07/15/33 | |
| 2,175 | | |
| 2,471,515 | |
Connecticut State Health & Educational Facilities Authority (RB) 5.00%, 07/01/64 (p) | |
| 2,500 | | |
| 2,800,098 | |
| Connecticut State Health and Educational Facilities Authority, Church Home of Harford, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/46 (c) | |
| 3,600 | | |
| 3,569,585 | |
| 5.00%, 09/01/53 (c) | |
| 1,200 | | |
| 1,136,988 | |
| Connecticut State Health and Educational Facilities Authority, Griffin Hospital, Series G (RB) | |
| | | |
| | |
| 5.00%, 07/01/44 (c) | |
| 1,100 | | |
| 1,071,921 | |
| 5.00%, 07/01/50 (c) | |
| 2,630 | | |
| 2,423,220 | |
Connecticut State Health and Educational Facilities Authority, Mary Wade Home Issue, Series A-1 (RB) 5.00%, 10/01/54 (c) | |
| 2,000 | | |
| 1,630,333 | |
Connecticut State Health and Educational Facilities Authority, McLean Issue, Series A (RB) 5.00%, 01/01/55 (c) | |
| 2,000 | | |
| 1,673,988 | |
Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB) 5.00%, 07/01/33 (c) | |
| 1,000 | | |
| 1,037,344 | |
Connecticut State Health and Educational Facilities Authority, Series O (RB) 5.00%, 07/01/32 | |
| 500 | | |
| 554,352 | |
Connecticut State Health and Educational Facilities Authority, Stamford Hospital, Series L-1 (RB) 4.00%, 07/01/30 | |
| 1,000 | | |
| 1,023,800 | |
Connecticut State Health and Educational Facilities Authority, University of Hartford, Series N (RB) 4.00%, 07/01/44 (c) | |
| 250 | | |
| 210,076 | |
Connecticut State Health and Educational Facilities Authority, University of Hartford, Series N (RB) (SD CRED PROG) 4.00%, 07/01/49 (c) | |
| 250 | | |
| 195,162 | |
| | |
Par
(000’s | ) | |
Value | |
| Connecticut (continued) | |
| | | |
| | |
Connecticut State Health and Educational Facilities Authority, Yale University, Series B-1 (RB) 5.00%, 07/01/64 (p) | |
$ | 3,500 | | |
$ | 3,813,396 | |
| Stamford Housing Authority, Mozaic Concierge Living Project, Series A (RB) | |
| | | |
| | |
| 5.50%, 10/01/35 (c) | |
| 800 | | |
| 839,887 | |
| 6.25%, 10/01/60 (c) | |
| 1,600 | | |
| 1,618,427 | |
| 6.50%, 10/01/55 (c) | |
| 2,200 | | |
| 2,275,413 | |
Stamford Housing Authority, Mozaic Concierge Living Project, Series B (RB) 5.38%, 10/01/33 | |
| 1,500 | | |
| 1,519,870 | |
Stamford Housing Authority, Mozaic Concierge Living Project, Series C (RB) 4.75%, 10/01/32 | |
| 4,500 | | |
| 4,654,445 | |
Stamford Housing Authority, Mozaic Concierge Living Project, Series D (RB) 4.25%, 10/01/30 | |
| 3,000 | | |
| 3,029,113 | |
State of Connecticut, Series B (GO) 5.00%, 12/01/34 | |
| 2,250 | | |
| 2,591,508 | |
| Steel Point Infrastructure Improvement District (TA) | |
| | | |
| | |
| 4.00%, 04/01/41 (c) | |
| 1,125 | | |
| 1,088,870 | |
| 4.00%, 04/01/51 (c) | |
| 1,000 | | |
| 856,772 | |
| 6.00%, 04/01/52 (c) | |
| 1,000 | | |
| 1,058,867 | |
Town of Hamden, Whitney Center Project (RB) 5.00%, 01/01/50 (c) | |
| 3,000 | | |
| 2,677,969 | |
| | |
| | | |
| 45,822,919 | |
| Delaware: 0.1% | |
| | | |
| | |
County of Kent, Delaware Student Housing and Dining Facility, State University Project, Series A (RB) 5.00%, 07/01/48 (c) | |
| 1,450 | | |
| 1,377,892 | |
| Delaware Economic Development Authority, Aspira Chapter School, Series A (RB) | |
| | | |
| | |
| 4.00%, 06/01/52 (c) | |
| 915 | | |
| 692,861 | |
| 5.00%, 06/01/36 (c) | |
| 250 | | |
| 250,045 | |
| 5.00%, 06/01/46 (c) | |
| 1,000 | | |
| 936,403 | |
Delaware State Economic Development Authority (RB) 4.00%, 10/01/45 (p) | |
| 500 | | |
| 500,726 | |
Delaware State Economic, Development Authority Charter School, Series A (RB) 5.00%, 06/01/51 (c) | |
| 1,100 | | |
| 983,213 | |
| | |
| | | |
| 4,741,140 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| District of Columbia: 0.8% | |
| | | |
| | |
District of Columbia Income Tax Revenue (RB) 5.00%, 06/01/33 | |
$ | 1,000 | | |
$ | 1,136,962 | |
| District of Columbia, Ingleside at Rock Creek Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/32 (c) | |
| 250 | | |
| 252,286 | |
| 5.00%, 07/01/42 (c) | |
| 1,180 | | |
| 1,180,735 | |
| District of Columbia, Latin American Montessori Bilingual Public Charter School Issue (RB) | |
| | | |
| | |
| 5.00%, 06/01/40 (c) | |
| 500 | | |
| 499,215 | |
| 5.00%, 06/01/50 (c) | |
| 1,500 | | |
| 1,370,588 | |
District of Columbia, Series A (RB) 5.00%, 07/01/48 (c) | |
| 2,260 | | |
| 2,221,484 | |
District of Columbia, Tobacco Settlement Financing Corp., Series A (RB) 0.00%, 06/15/46 (c) ^ | |
| 27,500 | | |
| 6,548,284 | |
Metropolitan Washington Airports Authority, Dulles Toll Road, Dulles Metrorail and Capital Improvements Projects, Series B (RB) 4.00%, 10/01/49 (c) | |
| 7,000 | | |
| 6,205,980 | |
Metropolitan Washington Airports Authority, Dulles Toll Road, Series A (RB) 0.00%, 10/01/37 ^ | |
| 9,325 | | |
| 5,489,190 | |
| Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) | |
| | | |
| | |
| 4.00%, 10/01/36 (c) | |
| 250 | | |
| 251,215 | |
| 4.00%, 10/01/44 (c) | |
| 7,315 | | |
| 6,870,113 | |
| 6.50%, 10/01/44 (c) | |
| 245 | | |
| 259,380 | |
| | |
| | | |
| 32,285,432 | |
| Florida: 6.4% | |
| | | |
| | |
Alachua County Health Facilities Authority (RB) 4.00%, 10/01/30 (c) | |
| 735 | | |
| 735,559 | |
| Board of Governors of the State of Florida, Florida International University, Series A (RB) (BAM) | |
| | | |
| | |
| 4.25%, 07/01/46 (c) | |
| 1,000 | | |
| 974,299 | |
| 4.38%, 07/01/48 (c) | |
| 1,000 | | |
| 969,839 | |
| 4.38%, 07/01/49 (c) | |
| 3,000 | | |
| 2,893,254 | |
| 5.00%, 07/01/53 (c) | |
| 1,000 | | |
| 1,031,854 | |
Braddock Lakes Community Development District (SA) 5.75%, 05/01/55 (c) | |
| 250 | | |
| 246,202 | |
Broward County, Florida Port Facilities, Series A (RB) 5.00%, 09/01/49 (c) | |
| 1,645 | | |
| 1,672,773 | |
Broward County, Florida Port Facilities, Series B (RB) 4.00%, 09/01/38 (c) | |
| 1,000 | | |
| 1,001,643 | |
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
| 4.00%, 09/01/49 (c) | |
$ | 1,050 | | |
$ | 916,671 | |
Cape Coral Health Facilities Authority, Gulf Care, Inc. Project (RB) 6.00%, 07/01/50 (c) | |
| 295 | | |
| 185,840 | |
| Capital Projects Finance Authority, Imagine School at North Port Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/15/35 (c) | |
| 850 | | |
| 855,820 | |
| 6.25%, 06/15/45 (c) | |
| 1,000 | | |
| 1,017,172 | |
| 6.50%, 06/15/55 (c) | |
| 1,000 | | |
| 1,007,749 | |
| Capital Projects Finance Authority, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 06/01/58 (c) | |
| 500 | | |
| 424,639 | |
| 5.25%, 06/01/44 (c) | |
| 400 | | |
| 369,266 | |
Capital Trust Agency, Education Growth Fund, Series A-1 (RB) 5.00%, 07/01/56 (c) | |
| 8,200 | | |
| 7,162,669 | |
Capital Trust Agency, Educational Facilities, Franklin Academy Projects (RB) 5.00%, 12/15/35 (c) | |
| 1,335 | | |
| 1,326,079 | |
Capital Trust Agency, Educational Facilities, Franklin Academy Projects (RB) (SD CRED PROG) 5.00%, 12/15/40 (c) | |
| 500 | | |
| 495,065 | |
| Capital Trust Agency, Educational Facilities, Pineapple Cove Classical Academy, Inc., Series A (RB) | |
| | | |
| | |
| 4.50%, 07/01/29 (c) | |
| 230 | | |
| 229,373 | |
| 5.12%, 07/01/39 (c) | |
| 500 | | |
| 493,536 | |
| 5.25%, 07/01/49 (c) | |
| 500 | | |
| 455,669 | |
| 5.38%, 07/01/54 (c) | |
| 500 | | |
| 449,618 | |
Capital Trust Agency, Educational Facilities, Renaissance Charter School, Inc., Series A (RB) 5.25%, 06/15/47 (c) | |
| 500 | | |
| 474,238 | |
Capital Trust Agency, Educational Facilities, Renaissance Charter School, Inc., Series A (RB) (SBG) 5.00%, 06/15/39 (c) | |
| 1,000 | | |
| 981,252 | |
| Capital Trust Agency, University Bridge, LLC Student Housing Project, Series A (RB) | |
| | | |
| | |
| 4.00%, 12/01/28 | |
| 1,700 | | |
| 1,694,476 | |
| 5.25%, 12/01/43 (c) | |
| 2,000 | | |
| 2,004,617 | |
| 5.25%, 12/01/58 (c) | |
| 2,200 | | |
| 2,056,423 | |
Capital Trust Agency, Wonderful Foundations Charter Schools Portfolio Projects, Series A (RB) 5.00%, 01/01/55 (c) | |
| 2,250 | | |
| 1,931,209 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
| Capital Trust Authority Charter School, Mason Classical Academy Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/44 (c) | |
$ | 750 | | |
$ | 730,901 | |
| 5.00%, 06/01/54 (c) | |
| 1,060 | | |
| 977,612 | |
| Capital Trust Authority Educational Facilities, Florida Institute of Technology Project, Series A (RB) | |
| | | |
| | |
| 5.25%, 07/01/55 (c) | |
| 1,200 | | |
| 1,149,572 | |
| 5.38%, 07/01/65 (c) | |
| 2,500 | | |
| 2,394,785 | |
Capital Trust Authority Educational Facilities, The Classical Academy of Sarasota Project (RB) 6.12%, 07/01/55 (c) | |
| 500 | | |
| 500,448 | |
Capital Trust Authority, Academic Charter Schools, Inc. Project, Series A (RB) 5.25%, 06/01/64 (c) | |
| 1,000 | | |
| 875,763 | |
| Capital Trust Authority, AIDS Healthcare Foundation, Series A (RB) | |
| | | |
| | |
| 4.75%, 12/01/42 (c) | |
| 500 | | |
| 503,172 | |
| 5.25%, 12/01/55 (c) | |
| 500 | | |
| 499,457 | |
Capital Trust Authority, Educational Facilities, St. Johns Classical Academy, Inc. Project, Series A (RB) 5.25%, 06/15/59 (c) | |
| 1,000 | | |
| 913,612 | |
Charlotte County Industrial Development Authority Utility System, Town & Country Utilities Project,Series A (RB) 4.00%, 10/01/51 (c) | |
| 1,000 | | |
| 814,783 | |
Charlotte County Industrial Development Authority, Utilities Project (RB) 5.00%, 10/01/49 (c) | |
| 1,000 | | |
| 978,203 | |
| Charlotte County, Florida Industrial Development Authority (RB) | |
| | | |
| | |
| 5.12%, 10/01/35 (c) | |
| 300 | | |
| 307,316 | |
| 5.88%, 10/01/45 (c) | |
| 500 | | |
| 523,074 | |
City of Jacksonville, Health Care Facilities, Brooks Rehabilitation (RB) 5.00%, 11/01/50 (c) | |
| 2,080 | | |
| 2,089,504 | |
| City of Orlando, Senior Tourist Development Tax, Series A (RB) (AG) | |
| | | |
| | |
| 5.00%, 11/01/27 | |
| 1,100 | | |
| 1,135,315 | |
| 5.00%, 11/01/31 (c) | |
| 3,000 | | |
| 3,090,488 | |
| 5.00%, 11/01/38 (c) | |
| 500 | | |
| 510,804 | |
City of South Miami Health Facilities Authority, Series B (RB) 5.00%, 08/15/65 (c) (p) | |
| 1,000 | | |
| 1,084,558 | |
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
| City of Tallahassee, Health Facilities Authority, Memorial Healthcare, Inc. Project (RB) | |
| | | |
| | |
| 4.00%, 12/01/35 (c) | |
$ | 230 | | |
$ | 224,134 | |
| 5.00%, 12/01/40 (c) | |
| 1,210 | | |
| 1,210,427 | |
| 5.00%, 12/01/44 (c) | |
| 1,305 | | |
| 1,305,042 | |
| City of Venice, Florida Retirement Community, Village on the Isle Project, Series A (RB) | |
| | | |
| | |
| 5.50%, 01/01/55 (c) | |
| 580 | | |
| 571,256 | |
| 5.62%, 01/01/60 (c) | |
| 1,000 | | |
| 992,855 | |
City of Venice, Florida Retirement Community, Village on the Isle Project, Series B-3 (RB) 4.25%, 01/01/30 (c) | |
| 500 | | |
| 500,299 | |
Collier County Industrial Development Authority, NCH Healthcare System Projects, Series A (RB) (AG) 5.00%, 10/01/54 (c) | |
| 2,000 | | |
| 2,025,635 | |
| County of Escambia, Health Facilities Authority, Baptist Health Care Corp., Series A (RB) (SAW) | |
| | | |
| | |
| 4.00%, 08/15/45 (c) | |
| 2,000 | | |
| 1,775,009 | |
| 5.00%, 08/15/31 (c) | |
| 2,000 | | |
| 2,105,463 | |
County of Miami-Dade, Florida Aviation, Series A (RB) 5.50%, 10/01/55 (c) | |
| 1,000 | | |
| 1,050,819 | |
County of Miami-Dade, Florida Professional Sports Franchise Facilities, Series A (RB) (AG) 0.00%, 10/01/45 ^ | |
| 3,000 | | |
| 1,207,290 | |
| County of Palm Beach, Series A (RB) | |
| | | |
| | |
| 5.50%, 10/01/45 (c) | |
| 1,000 | | |
| 1,034,973 | |
| 5.75%, 10/01/55 (c) | |
| 1,000 | | |
| 1,031,115 | |
| 5.75%, 10/01/65 (c) | |
| 2,000 | | |
| 2,055,166 | |
Florida Development Finance Corp. (RB) 5.00%, 07/01/38 (c) | |
| 1,100 | | |
| 786,500 | |
| Florida Development Finance Corp., Brightline Florida Passenger Rail Project (RB) | |
| | | |
| | |
| 5.00%, 07/01/34 (c) | |
| 1,010 | | |
| 727,200 | |
| 5.00%, 07/01/37 (c) | |
| 870 | | |
| 622,050 | |
| Florida Development Finance Corp., Brightline Florida Passenger Rail Project (RB) (AG) | |
| | | |
| | |
| 5.00%, 07/01/44 (c) | |
| 23,235 | | |
| 22,641,897 | |
| 5.25%, 07/01/47 (c) | |
| 17,520 | | |
| 17,525,501 | |
| 5.25%, 07/01/53 (c) | |
| 19,725 | | |
| 19,406,832 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
Florida Development Finance Corp., Brightline Florida Passenger Rail Project, Series A (RB) 10.00%, 07/15/59 (c) (p) | |
$ | 2,000 | | |
$ | 560,000 | |
Florida Development Finance Corp., Central Charter School Project (RB) 5.88%, 08/15/52 (c) | |
| 1,000 | | |
| 928,341 | |
Florida Development Finance Corp., Educational Facilities, Mater Academy Project, Series A (RB) 5.00%, 06/15/47 (c) | |
| 2,600 | | |
| 2,510,223 | |
Florida Development Finance Corp., Glenridge on Palmer Ranch Project (RB) 5.00%, 06/01/35 (c) | |
| 425 | | |
| 438,267 | |
| Florida Development Finance Corp., Mayflower Retirement Community Project, Series A (RB) | |
| | | |
| | |
| 4.00%, 06/01/55 (c) | |
| 2,000 | | |
| 1,476,644 | |
| 5.25%, 06/01/50 (c) | |
| 1,000 | | |
| 959,052 | |
Florida Development Finance Corp., Mayflower Retirement Community, Series A (RB) (AG) 5.25%, 06/01/55 (c) | |
| 4,000 | | |
| 3,777,744 | |
| Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series A (RB) | |
| | | |
| | |
| 5.75%, 06/15/29 (c) | |
| 700 | | |
| 700,655 | |
| 6.62%, 06/15/43 (c) | |
| 1,000 | | |
| 1,071,847 | |
| 6.75%, 06/15/53 (c) | |
| 1,000 | | |
| 1,050,251 | |
Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series B (RB) 5.25%, 06/15/41 (c) | |
| 1,000 | | |
| 992,179 | |
| Florida Development Finance Corp., Series A (RB) | |
| | | |
| | |
| 6.00%, 06/15/45 (c) | |
| 1,000 | | |
| 1,056,440 | |
| 6.00%, 06/15/55 (c) | |
| 1,500 | | |
| 1,534,642 | |
Florida Development Finance Corp., UF Health Jacksonville Project, Series A (RB) 5.00%, 02/01/52 (c) | |
| 2,000 | | |
| 1,886,795 | |
Florida Development Finance Corporation Healthcare Facilities, Series B (RB) 5.00%, 08/01/56 (c) (p) | |
| 1,000 | | |
| 1,083,197 | |
| Florida Higher Educational Facilities Financing Authority (RB) | |
| | | |
| | |
| 5.00%, 07/01/35 (c) | |
| 2,750 | | |
| 2,783,320 | |
| 6.00%, 07/01/45 (c) | |
| 3,000 | | |
| 3,064,685 | |
| 6.25%, 07/01/55 (c) | |
| 3,000 | | |
| 3,032,142 | |
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
| Florida Local Government Finance Commission (RB) | |
| | | |
| | |
| 6.00%, 07/01/55 (c) | |
$ | 500 | | |
$ | 507,637 | |
| 6.00%, 07/01/60 (c) | |
| 500 | | |
| 505,137 | |
Florida Local Government Finance Commission, Cornerstone Charter Academy (RB) 5.88%, 10/01/61 (c) | |
| 250 | | |
| 244,979 | |
| Florida Local Government Finance Commission, Series A (RB) | |
| | | |
| | |
| 5.50%, 11/15/35 (c) | |
| 260 | | |
| 271,792 | |
| 6.62%, 11/15/45 (c) | |
| 1,000 | | |
| 1,068,562 | |
| 6.75%, 11/15/55 (c) | |
| 2,000 | | |
| 2,089,017 | |
Florida Local Government Finance Commission, Series B-3 (RB) 4.20%, 11/15/30 (c) | |
| 4,000 | | |
| 4,013,872 | |
Greater Orlando Aviation Authority Special Purpose Airport Facilities (RB) 5.50%, 11/01/37 (c) | |
| 10,500 | | |
| 11,175,883 | |
Greater Orlando Aviation Authority Special Purpose Airport Facilities, United Airlines, Inc. Project (RB) 5.50%, 11/01/36 (c) | |
| 5,000 | | |
| 5,338,253 | |
Hillsborough County, Industrial Development Authority, Tampa General Hospital Project, Series A (RB) 4.00%, 08/01/45 (c) | |
| 6,500 | | |
| 6,117,338 | |
Kingston One Community Development District (SA) 5.75%, 05/01/45 (c) | |
| 500 | | |
| 519,700 | |
Lake County, Florida Retirement Facility, Lakeside at Waterman Village Project, Series A (RB) 5.75%, 08/15/50 (c) | |
| 2,000 | | |
| 1,974,475 | |
Lee County Industrial Development Authority, Community Charter Schools, LLC Projects, Series A (RB) 5.75%, 06/15/42 (c) | |
| 500 | | |
| 500,082 | |
Lee County Industrial Development Authority, Cypress Cove at HealthPark Florida, Inc. Project, Series A (RB) 5.25%, 10/01/57 (c) | |
| 1,000 | | |
| 930,075 | |
Lee County Industrial Development Authority, Healthcare Facilities, Series C (RB) 5.00%, 11/15/44 (c) | |
| 500 | | |
| 513,847 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
Lee County Industrial Development Authority, Healthcare Facilities, Shell Point (RB) 5.00%, 11/15/49 (c) | |
$ | 1,630 | | |
$ | 1,604,112 | |
Lee County Industrial Development Authority, Healthcare Facilities, Shell Point Project. Series C (RB) 5.00%, 11/15/54 (c) | |
| 3,000 | | |
| 2,905,025 | |
Lee County Industrial Development Authority, Healthcare Facilities, Shell Point, Series A (RB) 5.25%, 11/15/54 (c) | |
| 1,500 | | |
| 1,503,447 | |
| Miami Beach Health Facilities Authority, Mount Sinai Medical Center (RB) | |
| | | |
| | |
| 5.00%, 11/15/39 (c) | |
| 1,880 | | |
| 1,882,171 | |
| 5.00%, 11/15/44 (c) | |
| 2,000 | | |
| 2,002,310 | |
Miami Beach Health Facilities Authority, Mount Sinai Medical Center, Series B (RB) (AG) 4.00%, 11/15/46 (c) | |
| 1,500 | | |
| 1,334,612 | |
| Miami World Center Community Development District (SA) | |
| | | |
| | |
| 5.12%, 11/01/39 (c) | |
| 750 | | |
| 760,007 | |
| 5.25%, 11/01/49 (c) | |
| 250 | | |
| 251,162 | |
Miami-Dade County Industrial Development Authority, PRG - Casa Properties, Series A-1 (RB) 5.38%, 07/01/65 (p) | |
| 1,000 | | |
| 1,034,189 | |
Miami-Dade County Industrial Development Authority, Series A (RB) 5.50%, 07/01/61 (c) | |
| 1,000 | | |
| 914,480 | |
Miami-Dade County, Florida Aviation, Series A (RB) 5.00%, 10/01/34 | |
| 3,500 | | |
| 3,899,395 | |
Miami-Dade County, Florida Industrial Development Authority (RB) 6.25%, 06/01/55 (c) | |
| 500 | | |
| 507,544 | |
Miami-Dade County, Florida Seaport, Series A (RB) 5.00%, 10/01/47 (c) | |
| 3,000 | | |
| 3,049,169 | |
Miami-Dade County, Florida Subordinate Special (RB) 5.00%, 10/01/28 (c) | |
| 1,360 | | |
| 1,372,019 | |
Miami-Dade County, Florida Water and Sewer System Revenue Bonds, Series A (RB) 5.00%, 10/01/55 (c) | |
| 3,000 | | |
| 3,097,822 | |
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
Midtown Miami Community Development District, Parking Garage Project, Series A (SA) 5.00%, 05/01/37 (c) | |
$ | 85 | | |
$ | 84,305 | |
| North Broward Hospital District, Broward Health, Series B (RB) | |
| | | |
| | |
| 5.00%, 01/01/32 (c) | |
| 155 | | |
| 159,657 | |
| 5.00%, 01/01/48 (c) | |
| 2,000 | | |
| 2,011,811 | |
| Northern Palm Beach County Improvement District, Unit of Development No. 2C (RB) | |
| | | |
| | |
| 5.00%, 08/01/37 (c) | |
| 200 | | |
| 201,817 | |
| 5.00%, 08/01/46 (c) | |
| 200 | | |
| 200,592 | |
| Okaloosa County, Florida Industrial Development (RB) | |
| | | |
| | |
| 4.38%, 05/15/35 (c) | |
| 1,140 | | |
| 1,149,241 | |
| 5.50%, 05/15/45 (c) | |
| 1,000 | | |
| 1,031,321 | |
| 5.75%, 05/15/55 (c) | |
| 1,000 | | |
| 1,012,616 | |
Orange County Health Facilities Authority, Orlando Health (RB) 4.00%, 10/01/52 (c) | |
| 2,000 | | |
| 1,724,006 | |
| Orange County Health Facilities Authority, Orlando Health, Series A (RB) | |
| | | |
| | |
| 4.50%, 10/01/56 (c) | |
| 3,000 | | |
| 2,874,175 | |
| 5.25%, 10/01/56 (c) | |
| 1,000 | | |
| 1,039,482 | |
Palm Beach County Health Facilities Authority (RB) 4.00%, 06/01/41 (c) | |
| 1,300 | | |
| 1,178,726 | |
Palm Beach County Health Facilities Authority, Lifespace Communities, Series B (RB) 5.62%, 05/15/61 (c) | |
| 1,500 | | |
| 1,508,694 | |
Palm Beach County Health Facilities Authority, Toby & Leon Cooperman Sinai Residences of Boca Raton Expansion (RB) 4.25%, 06/01/56 (c) | |
| 400 | | |
| 326,232 | |
Palm Beach County Health Facilities Authority, Toby & Leon Cooperman Sinai Residences of Boca Raton Expansion, Series A (RB) 5.00%, 06/01/55 (c) | |
| 3,730 | | |
| 3,460,413 | |
Palm Beach County, Palm Beach Atlantic University Housing Project, Series A (RB) 5.00%, 04/01/39 (c) | |
| 1,000 | | |
| 1,007,480 | |
Palm Coast Park Community Development District (SA) 5.70%, 05/01/37 (c) | |
| 120 | | |
| 121,607 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
Pinellas County Industrial Development Authority, Drs. Kiran & Pallavi Patel 2017 Foundation for Global Understanding Inc. Project (RB) 5.00%, 07/01/39 (c) | |
$ | 1,900 | | |
$ | 1,920,280 | |
Pinery Community Development District, Hernando County, Florida, Capital Improvement, Assessment Area One (SA) 4.50%, 05/01/36 | |
| 250 | | |
| 245,284 | |
| Polk County Industrial Development Authority Charter School, Victory Ridge Academy Project (RB) | |
| | | |
| | |
| 4.83%, 06/15/35 (c) | |
| 1,105 | | |
| 1,106,532 | |
| 5.33%, 06/15/40 (c) | |
| 1,640 | | |
| 1,658,844 | |
| 5.83%, 06/15/45 (c) | |
| 2,145 | | |
| 2,182,479 | |
| 6.00%, 06/15/55 (c) | |
| 7,000 | | |
| 6,950,697 | |
Polk County Industrial Development Authority, Florida Industrial Development (RB) 5.88%, 01/01/33 (d) * | |
| 4,820 | | |
| 964,000 | |
Tallahassee Florida Health Facilities, Tallahassee Memorial Healthcare, Inc. Project, Series A (RB) 5.00%, 12/01/55 (c) | |
| 1,100 | | |
| 1,063,765 | |
| Village Community Development District No. 12 (SA) | |
| | | |
| | |
| 3.25%, 05/01/26 | |
| 50 | | |
| 50,000 | |
| 3.62%, 05/01/31 (c) | |
| 975 | | |
| 955,105 | |
| 4.25%, 05/01/43 (c) | |
| 880 | | |
| 848,469 | |
| Village Community Development District No. 13 (SA) | |
| | | |
| | |
| 3.00%, 05/01/29 | |
| 565 | | |
| 557,754 | |
| 3.50%, 05/01/51 (c) | |
| 1,480 | | |
| 1,155,248 | |
| 3.55%, 05/01/39 (c) | |
| 2,710 | | |
| 2,525,011 | |
| Village Community Development District No. 15 (SA) | |
| | | |
| | |
| 4.55%, 05/01/44 (c) | |
| 500 | | |
| 489,833 | |
| 4.80%, 05/01/55 (c) | |
| 2,740 | | |
| 2,600,536 | |
| 5.25%, 05/01/54 (c) | |
| 975 | | |
| 971,025 | |
| Village Community Development District No. 16 (SA) | |
| | | |
| | |
| 4.50%, 05/01/40 (c) | |
| 500 | | |
| 506,068 | |
| 4.88%, 05/01/45 (c) | |
| 500 | | |
| 505,207 | |
| | |
| | | |
| 269,078,483 | |
| | |
Par
(000’s | ) | |
Value | |
| Georgia: 1.4% | |
| | | |
| | |
Atlanta Development Authority, Gulch Enterprise Zone Project (RB) 6.50%, 12/15/48 (c) | |
$ | 2,000 | | |
$ | 1,812,527 | |
Atlanta Development Authority, Westside Gulch Area Project, Series A-1 (TA) 5.50%, 04/01/39 (c) | |
| 1,000 | | |
| 1,022,888 | |
| Atlanta, Georgia Airport, Series B-1 (RB) | |
| | | |
| | |
| 5.00%, 07/01/30 | |
| 1,500 | | |
| 1,618,341 | |
| 5.25%, 07/01/45 (c) | |
| 1,000 | | |
| 1,067,738 | |
| 5.25%, 07/01/50 (c) | |
| 1,000 | | |
| 1,043,299 | |
Burke County Development Authority, Series C (RB) (SAW) 4.12%, 11/01/45 (c) | |
| 8,525 | | |
| 8,146,473 | |
Fayette County Development Authority, Soccer Federation, Inc. Project (RB) 5.25%, 10/01/54 (c) | |
| 1,000 | | |
| 1,013,667 | |
Floyd County Development Authority, Spires at Berry College Project, Series A (RB) (SBG) 5.50%, 12/01/28 (c) | |
| 790 | | |
| 791,249 | |
Fulton County Residential Care Facilities for the Elderly Authority, Canterbury Court Project, Series A (RB) 4.00%, 04/01/41 (c) | |
| 2,500 | | |
| 2,343,541 | |
Fulton County Residential Care Facilities for the Elderly Authority, Canterbury Court Project, Series A (RB) (SD CRED PROG) 5.00%, 04/01/47 (c) | |
| 7,040 | | |
| 6,876,094 | |
Gainesville and Hall County Development Authority, Educational Facilities, Riverside Military Academy, Inc. Project (RB) (BAM) 5.00%, 03/01/37 (c) (d) * | |
| 700 | | |
| 280,000 | |
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Inc. Project, Series A (RB) 5.00%, 02/15/45 (c) | |
| 3,575 | | |
| 3,595,301 | |
George L Smith II World Congress Center Authority, Series A (RB) 4.00%, 01/01/54 (c) | |
| 1,750 | | |
| 1,463,196 | |
Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28 | |
| 416 | | |
| 424,824 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Georgia (continued) | |
| | | |
| | |
Glynn-Brunswick Memorial Hospital Authority, Southeast Georgia Health System Project (RB) 5.00%, 08/01/47 (c) | |
$ | 2,680 | | |
$ | 2,620,597 | |
Macon-Bibb County Urban Development Authority, Academy for Classical Education, Inc., Series A (RB) 5.75%, 06/15/37 (c) | |
| 250 | | |
| 252,823 | |
Main Street Energy, Inc. Energy Project, Series D (RB) 5.00%, 12/01/33 (c) | |
| 2,500 | | |
| 2,632,080 | |
Main Street Natural Gas, Inc., Series E (RB) 5.00%, 05/01/55 (c) (p) | |
| 3,835 | | |
| 4,061,813 | |
| Marietta Development Authority, Life University, Inc. Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/01/37 (c) | |
| 2,000 | | |
| 1,948,227 | |
| 5.00%, 11/01/47 (c) | |
| 1,000 | | |
| 890,489 | |
Metropolitan Atlanta Rapid Transit Authority, Series A (RB) 5.00%, 07/01/55 (c) | |
| 2,235 | | |
| 2,329,075 | |
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4, Series A (RB) 5.00%, 07/01/60 (c) | |
| 375 | | |
| 373,013 | |
Municipal Electric Authority of Georgia, Project One, Series A (RB) (BAM) 5.25%, 01/01/54 (c) | |
| 1,490 | | |
| 1,550,122 | |
Rockdale County Development Authority, Pratt Paper LLC Project (RB) 4.00%, 01/01/38 (c) | |
| 1,000 | | |
| 986,307 | |
| Savannah-Georgia Convention Center Authority, Series A (RB) | |
| | | |
| | |
| 5.12%, 06/01/50 (c) | |
| 1,000 | | |
| 996,500 | |
| 5.25%, 06/01/40 (c) | |
| 750 | | |
| 802,195 | |
| 5.25%, 06/01/61 (c) | |
| 1,000 | | |
| 993,251 | |
| Savannah-Georgia Convention Center Authority, Series B (RB) | |
| | | |
| | |
| 6.00%, 06/01/50 (c) | |
| 2,000 | | |
| 2,001,235 | |
| 6.25%, 06/01/61 (c) | |
| 1,500 | | |
| 1,526,689 | |
| Savannah-Georgia Convention Center Authority, Series C (RB) (AG) | |
| | | |
| | |
| 5.00%, 06/01/58 (c) | |
| 1,000 | | |
| 1,014,381 | |
| 5.50%, 06/01/50 (c) | |
| 500 | | |
| 530,407 | |
Senoia Development Authority, Charter School, Series A (RB) 6.50%, 07/01/54 (c) | |
| 500 | | |
| 437,978 | |
| | |
Par
(000’s | ) | |
Value | |
| Georgia (continued) | |
| | | |
| | |
| White County Development Authority, Truett McConnell University Project, Series A (RB) | |
| | | |
| | |
| 5.12%, 10/01/39 (c) | |
$ | 500 | | |
$ | 439,395 | |
| 5.25%, 10/01/49 (c) | |
| 500 | | |
| 390,340 | |
| | |
| | | |
| 58,276,055 | |
| Guam: 0.4% | |
| | | |
| | |
Guam
Government (GO) 5.00%,
11/15/31
(c) | |
| 830 | | |
| 867,078 | |
Guam
Government, Business Privilege Tax, Series D (RB) 4.00%,
11/15/39
(c) | |
| 600 | | |
| 556,497 | |
| Guam Government, Business Privilege Tax, Series F (RB) | |
| | | |
| | |
| 4.00%, 01/01/36 (c) | |
| 500 | | |
| 497,100 | |
| 4.00%, 01/01/42 (c) | |
| 4,000 | | |
| 3,865,899 | |
| Guam Government, Business Privilege Tax, Series G (RB) | |
| | | |
| | |
| 5.00%, 01/01/32 | |
| 1,000 | | |
| 1,077,706 | |
| 5.00%, 01/01/33 | |
| 1,000 | | |
| 1,085,400 | |
| 5.00%, 01/01/34 | |
| 1,000 | | |
| 1,091,288 | |
| Guam Government, Department of Education, John F. Kennedy High School Refunding and Energy Efficiency
Project, Series A (CP) | |
| | | |
| | |
| 4.25%, 02/01/30 | |
| 405 | | |
| 405,066 | |
| 5.00%, 02/01/40 (c) | |
| 500 | | |
| 503,398 | |
| Guam Government, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/34 (c) | |
| 2,290 | | |
| 2,303,546 | |
| 5.00%, 12/01/46 (c) | |
| 3,120 | | |
| 3,135,643 | |
Guam
Power Authority, Series A (RB) 5.00%,
10/01/40
(c) | |
| 500 | | |
| 504,972 | |
| | |
| | | |
| 15,893,593 | |
| Idaho: 0.1% | |
| | | |
| | |
Idaho
Falls Auditorium District, Annual Appropriation (CP) 5.25%,
05/15/51
(c) | |
| 2,000 | | |
| 1,957,058 | |
| Idaho Health Facilities Authority, Madison Memorial Hospital Project (RB) | |
| | | |
| | |
| 3.50%, 09/01/33 (c) | |
| 450 | | |
| 408,458 | |
| 5.00%, 09/01/37 (c) | |
| 1,135 | | |
| 1,135,239 | |
| Idaho Health Facilities Authority, Series A (RB) | |
| | | |
| | |
| 5.25%, 03/01/50 (c) | |
| 1,000 | | |
| 1,048,935 | |
| 5.25%, 03/01/53 (c) | |
| 1,000 | | |
| 1,043,681 | |
Idaho
Health Facilities Authority, Terraces of Boise, Series A (RB) 3.80%,
10/01/31
(c) | |
| 100 | | |
| 99,864 | |
| | |
| | | |
| 5,693,235 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Illinois: 9.4% | |
| | | |
| | |
| Chicago Board of Education Dedicated Capital Improvement Tax (RB) | |
| | | |
| | |
| 5.00%, 04/01/46 (c) | |
$ | 1,000 | | |
$ | 977,954 | |
| 5.75%, 04/01/48 (c) | |
| 5,000 | | |
| 5,248,442 | |
| Chicago Board of Education, Series A (GO) | |
| | | |
| | |
| 5.00%, 12/01/29 | |
| 1,000 | | |
| 1,026,794 | |
| 5.00%, 12/01/30 (c) | |
| 1,265 | | |
| 1,287,358 | |
| 5.00%, 12/01/30 (c) | |
| 1,195 | | |
| 1,224,112 | |
| 5.00%, 12/01/32 (c) | |
| 5,575 | | |
| 5,710,165 | |
| 5.00%, 12/01/33 (c) | |
| 250 | | |
| 251,406 | |
| 5.00%, 12/01/33 (c) | |
| 5,100 | | |
| 5,207,667 | |
| 5.00%, 12/01/34 (c) | |
| 395 | | |
| 401,966 | |
| 5.00%, 12/01/35 (c) | |
| 2,400 | | |
| 2,424,994 | |
| 5.00%, 12/01/36 (c) | |
| 6,990 | | |
| 7,058,991 | |
| 5.00%, 12/01/37 (c) | |
| 2,610 | | |
| 2,626,751 | |
| 5.00%, 12/01/39 (c) | |
| 6,000 | | |
| 5,991,270 | |
| 5.00%, 12/01/40 (c) | |
| 6,350 | | |
| 6,283,530 | |
| 5.00%, 12/01/42 (c) | |
| 28,755 | | |
| 27,943,545 | |
| 5.00%, 12/01/47 (c) | |
| 7,000 | | |
| 6,321,979 | |
| 5.25%, 12/01/35 (c) | |
| 3,000 | | |
| 3,124,794 | |
| 5.88%, 12/01/47 (c) | |
| 2,600 | | |
| 2,620,947 | |
Chicago Board of Education, Series A (GO) (AG) 5.00%, 12/01/33 (c) | |
| 1,250 | | |
| 1,291,692 | |
| Chicago Board of Education, Series A (GO) (AMBAC) | |
| | | |
| | |
| 5.50%, 12/01/26 | |
| 175 | | |
| 176,443 | |
| 5.50%, 12/01/31 | |
| 1,285 | | |
| 1,367,165 | |
| Chicago Board of Education, Series A (GO) (NATL) | |
| | | |
| | |
| 0.00%, 12/01/27 ^ | |
| 760 | | |
| 718,988 | |
| 0.00%, 12/01/28 ^ | |
| 390 | | |
| 355,899 | |
| 0.00%, 12/01/30 ^ | |
| 55 | | |
| 46,428 | |
| 5.50%, 12/01/26 | |
| 125 | | |
| 126,031 | |
| Chicago Board of Education, Series B (GO) | |
| | | |
| | |
| 4.00%, 12/01/40 (c) | |
| 5,000 | | |
| 4,485,425 | |
| 5.00%, 12/01/27 | |
| 1,500 | | |
| 1,520,105 | |
| 5.00%, 12/01/31 (c) | |
| 1,600 | | |
| 1,643,243 | |
| 5.00%, 12/01/33 (c) | |
| 200 | | |
| 203,371 | |
| 5.00%, 12/01/33 (c) | |
| 1,105 | | |
| 1,103,961 | |
| 5.00%, 12/01/34 (c) | |
| 1,680 | | |
| 1,677,815 | |
| 6.00%, 12/01/41 (c) | |
| 2,000 | | |
| 2,162,342 | |
| 6.00%, 12/01/42 (c) | |
| 3,250 | | |
| 3,493,202 | |
| 6.00%, 12/01/43 (c) | |
| 3,500 | | |
| 3,735,873 | |
| 6.00%, 12/01/44 (c) | |
| 3,300 | | |
| 3,492,303 | |
| Chicago Board of Education, Series C (GO) | |
| | | |
| | |
| 5.00%, 12/01/27 | |
| 2,000 | | |
| 2,026,806 | |
| 5.00%, 12/01/30 (c) | |
| 1,000 | | |
| 1,009,826 | |
| 5.00%, 12/01/34 (c) | |
| 8,805 | | |
| 8,824,768 | |
| 5.25%, 12/01/35 (c) | |
| 1,195 | | |
| 1,191,074 | |
| 5.25%, 12/01/39 (c) | |
| 23,980 | | |
| 23,807,754 | |
| 5.50%, 12/01/45 (c) | |
| 3,000 | | |
| 3,024,634 | |
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
Chicago Board of Education, Series C (GO) (AG) 5.00%, 12/01/30 (c) | |
$ | 500 | | |
$ | 520,761 | |
Chicago Board of Education, Series E (GO) 5.12%, 12/01/32 (c) | |
| 3,640 | | |
| 3,640,084 | |
Chicago Board of Education, Series G (GO) 5.00%, 12/01/44 (c) | |
| 3,000 | | |
| 2,853,850 | |
| Chicago Board of Education, Series H (GO) | |
| | | |
| | |
| 5.00%, 12/01/36 (c) | |
| 18,275 | | |
| 18,275,099 | |
| 5.00%, 12/01/46 (c) | |
| 13,710 | | |
| 12,640,716 | |
Chicago O’Hare International Airport, Series A (RB) (AG) 5.25%, 01/01/45 (c) | |
| 3,000 | | |
| 3,132,847 | |
Chicago O’Hare International Airport, Series B (RB) 4.50%, 01/01/56 (c) | |
| 1,105 | | |
| 1,050,733 | |
Chicago School Reform Board of Trustees, Series A (GO) (NATL) 0.00%, 12/01/29 ^ | |
| 1,460 | | |
| 1,282,936 | |
| Chicago School Reform Board of Trustees, Series B-1 (GO) (NATL) | |
| | | |
| | |
| 0.00%, 12/01/26 ^ | |
| 1,630 | | |
| 1,597,167 | |
| 0.00%, 12/01/27 ^ | |
| 1,030 | | |
| 974,418 | |
| 0.00%, 12/01/28 ^ | |
| 690 | | |
| 629,667 | |
| 0.00%, 12/01/29 ^ | |
| 645 | | |
| 566,777 | |
| 0.00%, 12/01/31 ^ | |
| 520 | | |
| 420,723 | |
Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area formula (RB) 5.00%, 06/01/26 | |
| 100 | | |
| 100,141 | |
| City of Burbank, Cook County, Illinois Educational Facility, Intercultural Montessori Language School Project (RB) | |
| | | |
| | |
| 6.12%, 02/01/46 (c) | |
| 750 | | |
| 770,777 | |
| 6.25%, 02/01/56 (c) | |
| 750 | | |
| 754,854 | |
| City of Chicago Board of Education, Series A (GO) | |
| | | |
| | |
| 5.75%, 12/01/50 (c) | |
| 5,000 | | |
| 4,967,359 | |
| 6.25%, 12/01/50 (c) | |
| 10,000 | | |
| 10,506,907 | |
City of Chicago Board of Education, Series C (GO) 6.00%, 12/01/37 (c) | |
| 3,500 | | |
| 3,861,550 | |
City of Chicago Chicago O’Hare International Airport General Airport Senior Lien, Series D (RB) (AG) 5.00%, 01/01/47 (c) | |
| 5,205 | | |
| 5,205,571 | |
City of Chicago Chicago O’Hare International Airport General Airport Senior Lien, Series C (RB) 5.25%, 01/01/40 (c) | |
| 2,035 | | |
| 2,237,784 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
| City of Chicago Chicago O’Hare International Airport General Airport Senior Lien, Series E (RB) | |
| | | |
| | |
| 5.50%, 01/01/48 (c) | |
$ | 1,000 | | |
$ | 1,061,531 | |
| 5.50%, 01/01/55 (c) | |
| 8,320 | | |
| 8,668,769 | |
City of Chicago, Board of Education, Series A (GO) 6.00%, 12/01/49 (c) | |
| 5,000 | | |
| 5,128,588 | |
| City of Chicago, City Colleges (GO) (NATL) | |
| | | |
| | |
| 0.00%, 01/01/28 ^ | |
| 345 | | |
| 328,138 | |
| 0.00%, 01/01/30 ^ | |
| 420 | | |
| 368,833 | |
| 0.00%, 01/01/33 ^ | |
| 985 | | |
| 762,916 | |
| 0.00%, 01/01/34 ^ | |
| 760 | | |
| 562,042 | |
| City of Chicago, Series A (GO) | |
| | | |
| | |
| 5.00%, 01/01/27 | |
| 200 | | |
| 201,529 | |
| 5.00%, 01/01/27 | |
| 725 | | |
| 730,543 | |
| 5.00%, 01/01/34 (c) | |
| 3,000 | | |
| 3,088,850 | |
| 5.00%, 01/01/44 (c) | |
| 2,400 | | |
| 2,347,246 | |
| 5.00%, 01/01/45 (c) | |
| 4,000 | | |
| 3,859,138 | |
| 5.25%, 01/01/45 (c) | |
| 2,000 | | |
| 1,993,069 | |
| 5.50%, 01/01/41 (c) | |
| 1,000 | | |
| 1,021,858 | |
| 5.50%, 01/01/49 (c) | |
| 3,000 | | |
| 3,005,037 | |
| 6.00%, 01/01/38 (c) | |
| 4,095 | | |
| 4,133,824 | |
| 6.00%, 01/01/50 (c) | |
| 2,000 | | |
| 2,086,814 | |
City of Chicago, Series A (GO) (BAM) 6.00%, 01/01/46 (c) | |
| 1,000 | | |
| 1,096,386 | |
City of Chicago, Series A (GO) (NATL) 0.00%, 01/01/29 ^ | |
| 140 | | |
| 127,676 | |
City of Chicago, Series A (GO) (SAW) 5.00%, 01/01/29 | |
| 2,775 | | |
| 2,853,658 | |
City of Chicago, Series B (GO) 5.00%, 01/01/41 (c) | |
| 1,000 | | |
| 1,007,626 | |
City of Chicago, Series C (GO) 0.00%, 01/01/32 ^ | |
| 195 | | |
| 156,960 | |
City of Chicago, Wastewater Transmission, Series B (RB) (BAM) 5.00%, 01/01/34 | |
| 250 | | |
| 281,006 | |
City of Chicago, Water Revenue (RB) (AMBAC) 5.75%, 11/01/30 | |
| 645 | | |
| 685,118 | |
City of Joliet, Illinois Waterworks and Sewerage Senior Lien (RB) (BAM) 5.25%, 01/01/50 (c) | |
| 500 | | |
| 522,538 | |
| Illinois Finance Authority (RB) | |
| | | |
| | |
| 5.00%, 11/01/30 (c) | |
| 95 | | |
| 86,761 | |
| 5.88%, 09/01/46 (c) | |
| 7,250 | | |
| 7,188,621 | |
Illinois Finance Authority Revenue Bonds, Series A (RB) 5.12%, 11/01/46 (c) | |
| 1,000 | | |
| 999,864 | |
Illinois Finance Authority, Acero Charter Schools, Inc. (RB) 4.00%, 10/01/42 (c) | |
| 1,000 | | |
| 889,767 | |
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
Illinois Finance Authority, Admiral Lake Project (RB) 5.12%, 05/15/38 (c) | |
$ | 1,840 | | |
$ | 1,754,436 | |
Illinois Finance Authority, Central Baptist Village (RB) 5.38%, 11/15/39 (c) | |
| 35 | | |
| 35,004 | |
| Illinois Finance Authority, Friendship Village of Schaumburg (RB) | |
| | | |
| | |
| 5.00%, 02/15/27 (d) * | |
| 2,675 | | |
| 80,260 | |
| 5.00%, 02/15/37 (c) (d) * | |
| 5,797 | | |
| 173,897 | |
| 5.12%, 02/15/45 (c) (d) * | |
| 5,467 | | |
| 163,998 | |
| Illinois Finance Authority, Goodman Theatre Project, Series A (RB) | |
| | | |
| | |
| 6.00%, 10/01/45 (c) | |
| 1,505 | | |
| 1,535,938 | |
| 6.12%, 10/01/50 (c) | |
| 1,000 | | |
| 1,008,969 | |
Illinois Finance Authority, Illinois Institute of Technology (RB)
5.00%, 09/01/40 (c) | |
| 175 | | |
| 170,641 | |
Illinois Finance Authority, Intrinsic School Project, Series A (RB) 6.00%, 12/01/45 (c) | |
| 500 | | |
| 500,158 | |
Illinois Finance Authority, Lutheran Life Communities, Series A (RB) 6.50%, 03/01/55 (c) | |
| 770 | | |
| 710,237 | |
Illinois Finance Authority, OSF Healthcare System, Series A (RB) 5.00%, 11/15/45 (c) | |
| 3,000 | | |
| 3,000,327 | |
Illinois Finance Authority, Roosevelt University (RB) 5.50%, 04/01/32 (c) | |
| 475 | | |
| 475,165 | |
| Illinois Finance Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 10/01/34 | |
| 250 | | |
| 261,668 | |
| 5.00%, 10/01/44 (c) | |
| 500 | | |
| 504,121 | |
Illinois Finance Authority, Series B-2 (RB) 3.65%, 05/01/31 (c) | |
| 1,730 | | |
| 1,724,500 | |
Illinois Finance Authority, Solid Waste Disposal, Series B (RB) 7.38%, 09/01/42 (c) (p) | |
| 2,500 | | |
| 2,849,784 | |
Illinois Finance Authority, Student Housing and Academic Facility, Series A (RB) 5.00%, 02/15/47 (c) | |
| 4,125 | | |
| 3,889,307 | |
Illinois Finance Authority, Surface Freight Transfer Facilities (RB) 4.80%, 12/01/43 (c) (p) | |
| 1,500 | | |
| 1,552,596 | |
| Illinois Sports Facilities Authority (RB) | |
| | | |
| | |
| 5.00%, 06/15/28 | |
| 1,000 | | |
| 1,030,408 | |
| 5.00%, 06/15/29 | |
| 1,000 | | |
| 1,043,450 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
| 5.00%, 06/15/30 (c) | |
$ | 1,555 | | |
$ | 1,619,955 | |
Illinois Sports Facilities Authority (RB) (AMBAC) 0.00%, 06/15/26 ^ | |
| 690 | | |
| 687,010 | |
| Illinois State, Series A (GO) | |
| | | |
| | |
| 5.00%, 12/01/31 (c) | |
| 500 | | |
| 514,720 | |
| 5.00%, 05/01/43 (c) | |
| 500 | | |
| 507,676 | |
| Metropolitan Pier and Exposition Authority Mccormick Place Expansion Project, Series A (RB) | |
| | | |
| | |
| 0.00%, 06/15/40 (c) ^ | |
| 2,250 | | |
| 1,258,305 | |
| 0.00%, 12/15/40 (c) ^ | |
| 6,650 | | |
| 3,621,477 | |
| 0.00%, 12/15/41 (c) ^ | |
| 3,800 | | |
| 1,954,628 | |
| Metropolitan Pier and Exposition Authority, Illinois McCormick Place Expansion Project, Series A (RB) | |
| | | |
| | |
| 0.00%, 12/15/52 ^ | |
| 4,750 | | |
| 1,243,119 | |
| 4.00%, 06/15/52 (c) | |
| 1,500 | | |
| 1,288,178 | |
| 5.00%, 06/15/50 (c) | |
| 17,305 | | |
| 17,299,480 | |
| 5.00%, 06/15/57 (c) | |
| 1,040 | | |
| 1,028,247 | |
| Metropolitan Pier and Exposition Authority, Illinois McCormick Place Expansion Project, Series A (RB) (NATL) | |
| | | |
| | |
| 0.00%, 12/15/34 ^ | |
| 590 | | |
| 432,806 | |
| 0.00%, 06/15/39 ^ | |
| 115 | | |
| 68,072 | |
| Metropolitan Pier and Exposition Authority, Illinois McCormick Place Expansion Project, Series B (RB) | |
| | | |
| | |
| 0.00%, 12/15/50 ^ | |
| 35,755 | | |
| 10,530,441 | |
| 5.00%, 12/15/40 (c) | |
| 1,000 | | |
| 1,000,526 | |
| 5.00%, 06/15/53 (c) | |
| 1,500 | | |
| 1,481,299 | |
Metropolitan Pier and Exposition Authority, Illinois, Mccormick Place Expansion Project, Series B (RB) 5.00%, 06/15/42 (c) | |
| 2,000 | | |
| 2,059,337 | |
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB) 4.00%, 12/15/42 (c) | |
| 3,960 | | |
| 3,783,308 | |
Northeastern Illinois University, Capital Improvement Project (CP) 4.00%, 10/01/38 (c) | |
| 585 | | |
| 517,592 | |
Northern Illinois Municipal Power Agent Power Project, Prairie State Project, Series A (RB) 4.00%, 12/01/31 (c) | |
| 2,000 | | |
| 2,005,399 | |
| Sales Tax Securitization Corporation Sales Tax, Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/40 (c) | |
| 1,000 | | |
| 1,090,013 | |
| 5.00%, 01/01/44 (c) | |
| 1,000 | | |
| 1,056,569 | |
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
| 5.00%, 01/01/45 (c) | |
$ | 1,000 | | |
$ | 1,046,099 | |
| 5.00%, 01/01/46 (c) | |
| 1,000 | | |
| 1,036,560 | |
Springfield School District No. 186 (GO) (BAM) 5.50%, 06/01/60 (c) | |
| 2,000 | | |
| 2,118,284 | |
State of Illinois (GO) 5.00%, 02/01/27 | |
| 500 | | |
| 507,884 | |
State of Illinois (RB) 3.00%, 06/15/31 (c) | |
| 100 | | |
| 97,930 | |
| State of Illinois, Series A (GO) | |
| | | |
| | |
| 5.00%, 10/01/28 | |
| 500 | | |
| 524,736 | |
| 5.00%, 11/01/28 | |
| 5 | | |
| 5,256 | |
| 5.00%, 12/01/34 (c) | |
| 100 | | |
| 102,515 | |
| 5.00%, 05/01/41 (c) | |
| 365 | | |
| 371,677 | |
| 5.00%, 03/01/46 (c) | |
| 4,865 | | |
| 4,963,964 | |
| State of Illinois, Series B (GO) | |
| | | |
| | |
| 5.00%, 03/01/27 | |
| 2,000 | | |
| 2,035,848 | |
| 5.25%, 05/01/42 (c) | |
| 3,000 | | |
| 3,233,157 | |
| 5.25%, 05/01/45 (c) | |
| 1,470 | | |
| 1,550,456 | |
| 5.25%, 05/01/49 (c) | |
| 5,900 | | |
| 6,064,403 | |
| State of Illinois, Series C (GO) | |
| | | |
| | |
| 5.00%, 11/01/29 (c) | |
| 4,000 | | |
| 4,123,012 | |
| 5.00%, 09/01/34 | |
| 500 | | |
| 559,920 | |
State of Illinois, Series D (GO) 5.00%, 09/01/40 (c) | |
| 1,000 | | |
| 1,074,386 | |
Upper Illinois River Valley Development Authority, Elgin Math and Science Academy Charter School Project, Series A (RB) 6.00%, 03/01/63 (c) | |
| 1,000 | | |
| 903,108 | |
Village of Bolingbrook, Special Service Area No. 1 (ST) 5.25%, 03/01/41 (c) | |
| 500 | | |
| 505,306 | |
Village of Bridgeview (GO) 5.00%, 12/01/42 (c) | |
| 360 | | |
| 339,941 | |
| Will County Community High School District No. 210, Series B (GO) | |
| | | |
| | |
| 0.00%, 01/01/29 ^ | |
| 90 | | |
| 82,034 | |
| 0.00%, 01/01/31 ^ | |
| 245 | | |
| 206,787 | |
| 0.00%, 01/01/33 ^ | |
| 540 | | |
| 418,249 | |
| | |
| | | |
| 393,837,773 | |
| Indiana: 0.7% | |
| | | |
| | |
City of anderson, Indiana Economic Development, anderson University (RB) 4.75%, 10/01/27 (c) | |
| 90 | | |
| 76,062 | |
City of Valparaiso, Pratt Paper, LLC Project (RB) 5.00%, 01/01/54 (c) | |
| 2,000 | | |
| 1,934,968 | |
| Indiana Finance Authority (RB) | |
| | | |
| | |
| 5.00%, 02/01/32 | |
| 2,000 | | |
| 2,199,495 | |
| 5.00%, 02/01/33 | |
| 2,000 | | |
| 2,222,596 | |
| 5.00%, 10/01/64 (c) (p) | |
| 2,000 | | |
| 2,148,648 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Indiana (continued) | |
| | | |
| | |
Indiana Finance Authority Educational Facilities, Earlham College Project, Series A (RB) 5.00%, 10/01/32 (c) | |
$ | 150 | | |
$ | 149,628 | |
Indiana Finance Authority Midwestern Disaster Relief, Ohio Valley Electric Corp. Project, Series C (RB) 3.00%, 11/01/30 | |
| 1,500 | | |
| 1,466,559 | |
| Indiana Finance Authority Student Housing (RB) | |
| | | |
| | |
| 5.25%, 07/01/55 (c) | |
| 2,000 | | |
| 1,819,480 | |
| 5.75%, 07/01/60 (c) | |
| 1,000 | | |
| 967,680 | |
Indiana Finance Authority Student Housing, Series A (RB) 5.25%, 07/01/64 (c) | |
| 1,000 | | |
| 1,003,732 | |
Indiana Finance Authority, Baptist Healthcare System, Series A (RB) 5.00%, 08/15/51 (c) | |
| 2,000 | | |
| 2,008,379 | |
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series B (RB) 3.00%, 11/01/30 | |
| 5,000 | | |
| 4,888,529 | |
Indiana Finance Authority, United States Steel Corp. Project, Series A (RB) 4.12%, 12/01/26 | |
| 5,500 | | |
| 5,512,942 | |
| Indianapolis Local Public Improvement Bond Bank (RB) | |
| | | |
| | |
| 5.75%, 03/01/43 (c) | |
| 2,340 | | |
| 2,489,090 | |
| 6.00%, 03/01/53 (c) | |
| 1,000 | | |
| 1,038,408 | |
| 6.12%, 03/01/57 (c) | |
| 1,135 | | |
| 1,184,548 | |
| | |
| | | |
| 31,110,744 | |
| Iowa: 0.9% | |
| | | |
| | |
| Cedar Rapids Community School District, Iowa (RB) (BAM) | |
| | | |
| | |
| 5.00%, 07/01/46 (c) | |
| 1,000 | | |
| 1,049,149 | |
| 5.25%, 01/01/51 (c) | |
| 2,000 | | |
| 2,089,829 | |
City of Coralville, Marriott Hotel and Convention Center, Series E (CP) 4.00%, 06/01/29 (c) | |
| 1,025 | | |
| 994,515 | |
Iowa Finance Authority (RB) 5.75%, 10/01/55 (c) | |
| 1,000 | | |
| 1,017,632 | |
Iowa Finance Authority Senior Living Facility (RB) 5.50%, 10/01/45 (c) | |
| 500 | | |
| 511,856 | |
| Iowa Finance Authority, Lifespace Communities, Inc., Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/43 (c) | |
| 655 | | |
| 656,300 | |
| 5.00%, 05/15/48 (c) | |
| 4,000 | | |
| 3,849,544 | |
| | |
Par
(000’s | ) | |
Value | |
| Iowa (continued) | |
| | | |
| | |
Iowa Finance Authority, Midwestern Disaster Area, Alcoa Inc. Project (RB) 4.75%, 08/01/42 (c) | |
$ | 19,500 | | |
$ | 19,503,851 | |
Iowa Finance Authority, Senior Living Facility (RB) 5.88%, 10/01/65 (c) | |
| 500 | | |
| 507,686 | |
| Iowa Finance Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/49 (c) | |
| 3,500 | | |
| 3,345,717 | |
| 5.12%, 05/15/59 (c) | |
| 1,000 | | |
| 939,938 | |
Iowa Higher Education Loan Authority, Wartburg College Project (RB) 5.00%, 10/01/37 (c) | |
| 2,115 | | |
| 2,025,825 | |
| | |
| | | |
| 36,491,842 | |
| Kansas: 0.4% | |
| | | |
| | |
City of Garden City, Sports of the World Star Bond Project Phase II (RB) 5.38%, 06/01/39 (c) | |
| 500 | | |
| 507,287 | |
City of Hutchinson, Regional Medical Center, Inc. (RB) 5.00%, 12/01/41 (c) | |
| 250 | | |
| 225,348 | |
City of Lenexa, Kansas Health Care Facility, Lakeview Village, Inc., Series A (RB) 5.00%, 05/15/43 (c) | |
| 1,000 | | |
| 1,001,383 | |
City of Manhattan, Kansas Health Care Facilities Authority, Meadowlark Hills Retirement Community, Series A (RB) 4.00%, 06/01/46 (c) | |
| 3,000 | | |
| 2,565,259 | |
| City of Manhattan, Kansas Health Care Facilities, Meadowlark Hills, Series A (RB) | |
| | | |
| | |
| 5.50%, 06/01/55 (c) | |
| 1,000 | | |
| 1,006,298 | |
| 5.50%, 06/01/60 (c) | |
| 1,400 | | |
| 1,400,699 | |
City of Manhattan, Kansas Health Care Facilities, Meadowlark Hills, Series B-1 (RB) 4.20%, 06/01/32 (c) | |
| 1,060 | | |
| 1,059,025 | |
City of Manhattan, Kansas Health Care Facilities, Meadowlark Hills, Series B-2 (RB) 3.75%, 06/01/31 (c) | |
| 500 | | |
| 499,811 | |
City of Wichita, Health Care Facilities, Series I (RB) 5.00%, 05/15/38 (c) | |
| 1,355 | | |
| 1,344,969 | |
| City of Wichita, Health Care Facilities, Series III (RB) | |
| | | |
| | |
| 5.00%, 05/15/34 (c) | |
| 250 | | |
| 251,644 | |
| 5.00%, 05/15/50 (c) | |
| 500 | | |
| 426,702 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Kansas (continued) | |
| | | |
| | |
City of Wichita, Kansas Health Care Facilities, Larksfield Place, Series A7 (RB) 6.75%, 06/01/55 (c) | |
$ | 500 | | |
$ | 513,935 | |
City of Wichita, Kansas, K-96 Greenwich Star Bond Project, Phase III, Series A (RB) 4.12%, 09/01/33 (c) | |
| 250 | | |
| 249,863 | |
Manhattan Kansas Health Care Facilities, Meadowlark Hills, Series A (RB) 4.00%, 06/01/36 (c) | |
| 1,000 | | |
| 958,441 | |
| Topeka Kansas Health Care Facilities, Brewster Place, Series A (RB) | |
| | | |
| | |
| 6.25%, 12/01/42 (c) | |
| 1,000 | | |
| 1,041,646 | |
| 6.50%, 12/01/52 (c) | |
| 1,000 | | |
| 1,017,714 | |
Unified Government of Wyandotte County/Kansas City, Kansas, Northwest Speedway Star Bond District (RB) 5.50%, 03/01/46 (c) | |
| 500 | | |
| 500,324 | |
| Wyandotte County, Unified School District No. 500 (GO) (BAM) | |
| | | |
| | |
| 5.00%, 09/01/50 (c) | |
| 1,000 | | |
| 1,031,081 | |
| 5.25%, 09/01/55 (c) | |
| 1,500 | | |
| 1,558,393 | |
| | |
| | | |
| 17,159,822 | |
| Kentucky: 1.2% | |
| | | |
| | |
Christian County, Jennie Stuart Medical Center (RB) 5.38%, 02/01/36 (c) | |
| 100 | | |
| 100,092 | |
City of Henderson, Kentucky Exempt Facilities, Pratt Paper, LLC Project, Series A (RB) 4.45%, 01/01/42 (c) | |
| 2,250 | | |
| 2,220,940 | |
| Kentucky Economic Development Finance Authority Hospital, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/31 (c) | |
| 1,315 | | |
| 1,328,958 | |
| 5.00%, 06/01/45 (c) | |
| 1,720 | | |
| 1,722,289 | |
Kentucky Economic Development Finance Authority, Louisville Arena Authority, Inc., Series A (RB) (AG) 5.00%, 12/01/47 (c) | |
| 760 | | |
| 760,005 | |
Kentucky Economic Development Finance Authority, Louisville Arena Project, Series A (RB) (AG) 5.00%, 12/01/45 (c) | |
| 2,655 | | |
| 2,683,929 | |
| | |
Par
(000’s | ) | |
Value | |
| Kentucky (continued) | |
| | | |
| | |
| Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/31 (c) | |
$ | 2,545 | | |
$ | 2,524,421 | |
| 5.00%, 05/15/36 (c) | |
| 500 | | |
| 481,158 | |
| 5.00%, 05/15/46 (c) | |
| 1,250 | | |
| 1,057,278 | |
| Kentucky Economic Development Finance Authority, Masonic Homes of Kentucky, Inc. (RB) | |
| | | |
| | |
| 5.38%, 11/15/32 (c) | |
| 1,250 | | |
| 1,224,347 | |
| 5.50%, 11/15/45 (c) | |
| 180 | | |
| 154,839 | |
| Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/26 | |
| 175 | | |
| 175,180 | |
| 5.25%, 06/01/41 (c) | |
| 750 | | |
| 755,607 | |
Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series B (RB) 5.00%, 06/01/40 (c) | |
| 500 | | |
| 500,321 | |
Kentucky Public Energy Authority, Gas Supply, Series A (RB) 5.25%, 06/01/55 (c) (p) | |
| 13,200 | | |
| 13,969,181 | |
Kentucky Public Energy Authority, Gas Supply, Series A-1 (RB) 5.00%, 05/01/55 (c) (p) | |
| 2,500 | | |
| 2,624,951 | |
Kentucky Public Energy Authority, Gas Supply, Series B (RB) 5.00%, 01/01/55 (c) (p) | |
| 1,500 | | |
| 1,590,914 | |
Kentucky Public Energy Authority, Gas Supply, Series C (RB) 5.00%, 05/01/36 (c) | |
| 5,500 | | |
| 5,850,812 | |
| Louisville & Jefferson County, UOFL Health Project, Series A (RB) (AG) | |
| | | |
| | |
| 5.00%, 05/15/47 (c) | |
| 3,170 | | |
| 3,170,683 | |
| 5.00%, 05/15/47 (c) | |
| 2,500 | | |
| 2,550,067 | |
| 5.00%, 05/15/52 (c) | |
| 4,000 | | |
| 3,777,672 | |
Paducah Electric Plant Board, Series A (RB) (AG) 5.00%, 10/01/29 (c) | |
| 1,045 | | |
| 1,053,330 | |
| | |
| | | |
| 50,276,974 | |
| Louisiana: 1.2% | |
| | | |
| | |
Calcasieu Parish Memorial Hospital Service District (RB) 5.00%, 12/01/39 (c) | |
| 3,800 | | |
| 3,669,647 | |
City of Shreveport (GO) (AG) 5.00%, 03/01/49 (c) | |
| 1,000 | | |
| 1,028,518 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Louisiana (continued) | |
| | | |
| | |
City of Shreveport, State of Louisiana Water and Sewer Revenue (RB) (AG) 5.00%, 12/01/28 | |
$ | 1,000 | | |
$ | 1,053,068 | |
| Louisiana Local Government Environmental Facilities and Community Development Authority, Christwood Project (RB) | |
| | | |
| | |
| 4.25%, 11/15/30 | |
| 650 | | |
| 653,106 | |
| 5.00%, 11/15/37 (c) | |
| 1,020 | | |
| 1,054,539 | |
| 5.25%, 11/15/53 (c) | |
| 300 | | |
| 285,294 | |
Louisiana Local Government Environmental Facilities and Community Development Authority, City of New Orleans Gomesa Project (RB) 4.00%, 11/01/46 (c) | |
| 2,625 | | |
| 2,338,587 | |
Louisiana Local Government Environmental Facilities and Community Development Authority, Jefferson Parish Gomesa Project (RB) (NATL) 4.00%, 11/01/44 (c) | |
| 1,700 | | |
| 1,562,147 | |
Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/32 (c) | |
| 3,245 | | |
| 3,168,918 | |
| Louisiana Public Facilities Authority (RB) | |
| | | |
| | |
| 5.00%, 05/15/30 (c) | |
| 2,000 | | |
| 2,146,028 | |
| 6.00%, 06/15/59 (c) | |
| 500 | | |
| 503,720 | |
Louisiana Public Facilities Authority Senior Lien, I-10 Calcasieu River Bridge Public-Private Partnership Project (RB) 5.50%, 09/01/54 (c) | |
| 4,310 | | |
| 4,390,953 | |
| Louisiana Public Facilities Authority, I-10 Calcasieu River Bridge Public-Private Partnership Project (RB) | |
| | | |
| | |
| 5.00%, 09/01/66 (c) | |
| 1,000 | | |
| 959,454 | |
| 5.50%, 09/01/59 (c) | |
| 3,000 | | |
| 3,037,298 | |
| 5.75%, 09/01/64 (c) | |
| 9,000 | | |
| 9,255,684 | |
Louisiana Public Facilities Authority, Lake Charles Academy Foundation Project, Series A (RB) 5.00%, 12/15/43 (c) | |
| 1,000 | | |
| 986,570 | |
Louisiana Public Facilities Authority, Lake Charles Charter Academy Project, Series A (RB) 5.00%, 12/15/34 (c) | |
| 1,500 | | |
| 1,534,550 | |
Parish of St. James, Nustar Logistics, LP Project (RB) 6.35%, 07/01/40 (c) | |
| 2,355 | | |
| 2,551,063 | |
| | |
Par
(000’s | ) | |
Value | |
| Louisiana (continued) | |
| | | |
| | |
Parish of St. James, Nustar Logistics, LP Project, Series A (RB) 6.35%, 10/01/40 (c) | |
$ | 6,000 | | |
$ | 6,498,707 | |
Parish of St. John the Baptist, Series A-3 (RB) 2.20%, 06/01/37 (p) | |
| 2,000 | | |
| 1,997,489 | |
| | |
| | | |
| 48,675,340 | |
| Maine: 0.1% | |
| | | |
| | |
Maine Finance Authority Solid Waste Disposal, Series R-3 (RB) 5.00%, 08/01/35 | |
| 625 | | |
| 657,228 | |
| Maine Health and Higher Educational Facilities Authority, Eastern Maine Medical Center Obligated Group Issue, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/46 (c) | |
| 1,695 | | |
| 1,345,016 | |
| 5.00%, 07/01/41 (c) | |
| 1,000 | | |
| 969,830 | |
| 5.00%, 07/01/46 (c) | |
| 3,345 | | |
| 3,151,017 | |
| | |
| | | |
| 6,123,091 | |
| Maryland: 0.9% | |
| | | |
| | |
Baltimore Maryland, Special Obligation, Harbor Point Project (RB) 5.00%, 06/01/51 (c) | |
| 1,000 | | |
| 1,002,681 | |
| City of Baltimore, Convention Center Hotel (RB) | |
| | | |
| | |
| 5.00%, 09/01/30 (c) | |
| 1,000 | | |
| 1,011,978 | |
| 5.00%, 09/01/42 (c) | |
| 2,250 | | |
| 2,252,327 | |
| 5.00%, 09/01/46 (c) | |
| 2,000 | | |
| 1,926,571 | |
City of Baltimore, East Baltimore Research Park Project, Series A (RB) 5.00%, 09/01/38 (c) | |
| 500 | | |
| 504,208 | |
City of Baltimore, Harbor Point Project (RB) 5.12%, 06/01/43 (c) | |
| 250 | | |
| 250,104 | |
| Frederick County, Maryland Educational Facilities Project, Mount Saint Mary’s University, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/32 (c) | |
| 2,000 | | |
| 1,987,241 | |
| 5.00%, 09/01/37 (c) | |
| 1,000 | | |
| 963,199 | |
| 5.00%, 09/01/45 (c) | |
| 1,000 | | |
| 896,030 | |
Frederick County, Maryland Urban Community Development Authority, Series A (ST) 4.00%, 07/01/50 (c) | |
| 1,920 | | |
| 1,698,221 | |
Frederick County, Maryland, Jefferson Technology Park Project, Series B (TA) 4.62%, 07/01/43 (c) | |
| 1,800 | | |
| 1,805,735 | |
Howard County, Series A (TA) 4.50%, 02/15/47 (c) | |
| 2,500 | | |
| 2,367,442 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Maryland (continued) | |
| | | |
| | |
Maryland Economic Development Corp., Core Natural Resources, Inc. Project (RB) 5.00%, 07/01/48 (c) (p) | |
$ | 2,000 | | |
$ | 2,128,807 | |
| Maryland Economic Development Corp., Metro Centre at Owings Mills Project (TA) | |
| | | |
| | |
| 4.38%, 07/01/36 (c) | |
| 470 | | |
| 465,770 | |
| 4.50%, 07/01/44 (c) | |
| 530 | | |
| 510,907 | |
| Maryland Economic Development Corp., Morgan State University, Series A (RB) (AG) | |
| | | |
| | |
| 5.25%, 07/01/56 (c) | |
| 1,000 | | |
| 1,036,433 | |
| 5.25%, 07/01/61 (c) | |
| 1,000 | | |
| 1,033,992 | |
Maryland Economic Development Corp., Port Covington Project (TA) 4.00%, 09/01/50 (c) | |
| 3,250 | | |
| 2,707,025 | |
Maryland Health & Higher Educational Facilities Authority (RB) (AG) 5.00%, 07/01/55 (c) | |
| 3,000 | | |
| 3,043,509 | |
Maryland Health and Higher Educational Facilities Authority, Kennedy Krieger Issue, Series A (RB) 5.50%, 07/01/56 (c) | |
| 3,000 | | |
| 3,146,739 | |
Maryland Health and Higher Educational Facilities Authority, Mercy Medical Center, Series A (RB) 5.00%, 07/01/38 (c) | |
| 250 | | |
| 250,495 | |
Maryland Health and Higher Educational Facilities Authority, Series A (RB) 5.25%, 07/01/52 (c) | |
| 2,250 | | |
| 2,342,588 | |
Prince George County, Collington Episcopal Life Care Community, Inc. (RB) 5.25%, 04/01/37 (c) | |
| 1,000 | | |
| 1,001,992 | |
Prince George’s County, Suitland-Naylor Road Project (TA) 4.75%, 07/01/36 (c) | |
| 400 | | |
| 400,168 | |
Washington Suburban Sanitary District, Maryland (RB) 4.38%, 06/01/51 (c) | |
| 2,000 | | |
| 1,966,742 | |
| | |
| | | |
| 36,700,904 | |
| Massachusetts: 1.6% | |
| | | |
| | |
Collegiate Charter School of Lowell (RB) 5.00%, 06/15/39 (c) | |
| 365 | | |
| 365,117 | |
| Commonwealth of Massachusetts, Series A (GO) | |
| | | |
| | |
| 5.00%, 04/01/45 (c) | |
| 1,000 | | |
| 1,081,489 | |
| 5.00%, 04/01/50 (c) | |
| 1,250 | | |
| 1,309,774 | |
| | |
Par
(000’s | ) | |
Value | |
| Massachusetts (continued) | |
| | | |
| | |
| 5.00%, 04/01/55 (c) | |
$ | 1,100 | | |
$ | 1,139,212 | |
Commonwealth of Massachusetts, Series E (GO) 5.00%, 08/01/54 (c) | |
| 5,000 | | |
| 5,171,060 | |
| Massachusetts Development Finance Agency (RB) | |
| | | |
| | |
| 5.00%, 10/01/29 | |
| 500 | | |
| 527,270 | |
| 5.00%, 09/01/59 (c) | |
| 2,000 | | |
| 2,051,537 | |
| 6.38%, 07/15/45 (c) | |
| 500 | | |
| 505,190 | |
Massachusetts Development Finance Agency, Beth Israel Lahey Health, Inc., Series J (RB) 5.00%, 07/01/53 (c) | |
| 1,500 | | |
| 1,492,069 | |
Massachusetts Development Finance Agency, Boston Medical Center, Series D (RB) 5.00%, 07/01/44 (c) | |
| 2,120 | | |
| 2,120,362 | |
Massachusetts Development Finance Agency, Boston Medical Center, Series G (RB) 5.25%, 07/01/52 (c) | |
| 1,435 | | |
| 1,444,320 | |
Massachusetts Development Finance Agency, Boston Student Housing Project (RB) 5.00%, 10/01/48 (c) | |
| 1,000 | | |
| 951,145 | |
| Massachusetts Development Finance Agency, Brown University Health, Series A (RB) | |
| | | |
| | |
| 5.25%, 08/15/45 (c) | |
| 1,000 | | |
| 1,045,662 | |
| 5.50%, 08/15/50 (c) | |
| 1,500 | | |
| 1,552,039 | |
Massachusetts Development Finance Agency, Care Communities, LLC Issue, Series A (RB) 5.50%, 07/15/35 | |
| 250 | | |
| 253,252 | |
Massachusetts Development Finance Agency, Emmanuel College, Series A (RB) 5.00%, 10/01/43 (c) | |
| 1,035 | | |
| 1,012,033 | |
| Massachusetts Development Finance Agency, Lasell Village, Inc. (RB) | |
| | | |
| | |
| 5.00%, 07/01/29 | |
| 1,500 | | |
| 1,572,720 | |
| 5.25%, 07/01/50 (c) | |
| 1,000 | | |
| 1,013,473 | |
| 5.25%, 07/01/55 (c) | |
| 1,000 | | |
| 1,008,494 | |
Massachusetts Development Finance Agency, Lawrence General Hospital (RB) 5.00%, 07/01/34 (c) | |
| 1,000 | | |
| 933,949 | |
Massachusetts Development Finance Agency, Lawrence General Hospital, Series A (RB) 5.25%, 07/01/34 (c) | |
| 350 | | |
| 333,542 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Massachusetts (continued) | |
| | | |
| | |
| Massachusetts Development Finance Agency, Linden Ponds, Inc. Facility (RB) | |
| | | |
| | |
| 5.00%, 11/15/38 (c) | |
$ | 500 | | |
$ | 513,146 | |
| 5.12%, 11/15/46 (c) | |
| 500 | | |
| 506,117 | |
| Massachusetts Development Finance Agency, Merrimack College Student Housing Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/54 (c) | |
| 1,000 | | |
| 966,230 | |
| 5.00%, 07/01/60 (c) | |
| 1,000 | | |
| 950,954 | |
| Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB) | |
| | | |
| | |
| 4.00%, 10/01/32 (c) | |
| 1,000 | | |
| 990,767 | |
| 4.12%, 10/01/42 (c) | |
| 2,500 | | |
| 2,366,521 | |
| 5.00%, 10/01/47 (c) | |
| 1,400 | | |
| 1,399,862 | |
| 5.00%, 10/01/57 (c) | |
| 14,550 | | |
| 14,009,352 | |
| Massachusetts Development Finance Agency, Series N (RB) (AG) | |
| | | |
| | |
| 5.00%, 07/01/30 | |
| 1,000 | | |
| 1,087,896 | |
| 5.00%, 07/01/34 | |
| 1,000 | | |
| 1,138,825 | |
| 5.00%, 07/01/50 (c) | |
| 1,000 | | |
| 1,044,536 | |
| Massachusetts Development Finance Agency, Series N-1 (RB) | |
| | | |
| | |
| 4.50%, 07/01/54 (c) | |
| 2,000 | | |
| 1,881,858 | |
| 5.25%, 07/01/50 (c) | |
| 4,000 | | |
| 4,106,024 | |
Massachusetts Development Finance Agency, South Shore Hospital Issue, Series I (RB) 4.00%, 07/01/36 (c) | |
| 1,500 | | |
| 1,438,826 | |
Massachusetts Development Finance Agency, Springfield College Issue, Series A (RB) (AG) 4.00%, 06/01/56 (c) | |
| 5 | | |
| 3,713 | |
Massachusetts Development Finance Agency, Suffolk University (RB) 5.00%, 07/01/34 (c) | |
| 1,120 | | |
| 1,126,417 | |
Massachusetts Development Finance Agency, UMass Boston Student Housing Project (RB) 5.00%, 10/01/41 (c) | |
| 1,930 | | |
| 1,931,753 | |
Massachusetts Development Finance Agency, UMass Dartmouth Student Housing Project (RB) 5.00%, 10/01/48 (c) | |
| 1,000 | | |
| 919,414 | |
| Massachusetts Development Finance Agency, UMass Memorial Health Care, Series I (RB) | |
| | | |
| | |
| 5.00%, 07/01/29 (c) | |
| 190 | | |
| 190,550 | |
| 5.00%, 07/01/46 (c) | |
| 510 | | |
| 509,940 | |
| | |
Par
(000’s | ) | |
Value | |
| Massachusetts (continued) | |
| | | |
| | |
Massachusetts Development Finance Agency, UMass Memorial Health Care, Series N-2 (RB) 5.00%, 07/01/35 (c) | |
$ | 1,000 | | |
$ | 1,106,828 | |
Massachusetts Development Finance Agency, Wellforce, Inc., Series C (RB) (AG) 3.00%, 10/01/45 (c) | |
| 3,000 | | |
| 2,279,001 | |
Massachusetts State Development Finance Agency, Wellforce Issue, Series A (RB) 5.00%, 07/01/33 (c) | |
| 1,250 | | |
| 1,273,743 | |
| | |
| | | |
| 68,625,982 | |
| Michigan: 0.9% | |
| | | |
| | |
Calhoun County Hospital Finance Authority, Oaklawn Hospital (RB) 5.00%, 02/15/41 (c) | |
| 290 | | |
| 285,187 | |
City of Detroit, Michigan Unlimited Tax (GO) 5.50%, 04/01/45 (c) | |
| 250 | | |
| 259,979 | |
| City of Detroit, Michigan Unlimited Tax, Series A (GO) | |
| | | |
| | |
| 5.00%, 04/01/46 (c) | |
| 135 | | |
| 137,297 | |
| 5.00%, 04/01/50 (c) | |
| 1,475 | | |
| 1,483,024 | |
Detroit Service Learning Academy, Public School Academy (RB) (AG) 4.00%, 07/01/41 (c) | |
| 1,000 | | |
| 886,688 | |
Flint Michigan Hospital Building Authority, Hurley Medical Center (RB) 4.00%, 07/01/41 (c) | |
| 500 | | |
| 462,774 | |
Flint Michigan Hospital Building Authority, Hurley Medical Center, Series B (RB) 4.75%, 07/01/28 (c) | |
| 235 | | |
| 234,825 | |
Ivywood Classical Academy (RB) 6.25%, 01/01/59 (c) | |
| 1,000 | | |
| 975,143 | |
Michigan Finance Authority, Corewell Health, Series A (RB) 5.00%, 08/15/35 (c) | |
| 1,000 | | |
| 1,133,428 | |
Michigan Finance Authority, Corewell Health, Series B-2 (RB) 5.00%, 08/15/55 (p) | |
| 5,000 | | |
| 5,584,126 | |
Michigan Finance Authority, Henry ford Health Detroit South Campus (RB) 5.50%, 02/28/57 (c) | |
| 4,255 | | |
| 4,376,567 | |
Michigan Finance Authority, Presbyterian Villages of Michigan (RB) 5.50%, 11/15/45 (c) | |
| 294 | | |
| 254,981 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Michigan (continued) | |
| | | |
| | |
Michigan Finance Authority, Tobacco Settlement Bonds, Series B-2 (RB) 0.00%, 06/01/65 (c) ^ | |
$ | 15,500 | | |
$ | 1,579,112 | |
Michigan Finance Authority, Trinity Health Credit Group (RB) 4.00%, 12/01/36 (c) | |
| 1,500 | | |
| 1,491,720 | |
Michigan Strategic Fund Limited Obligation, I-75 Improvement Project (RB) (AG) 4.25%, 12/31/38 (c) | |
| 4,000 | | |
| 4,003,663 | |
| Michigan Strategic Fund, I-75 Improvement Project (RB) | |
| | | |
| | |
| 5.00%, 06/30/31 (c) | |
| 600 | | |
| 619,558 | |
| 5.00%, 12/31/32 (c) | |
| 700 | | |
| 720,888 | |
| 5.00%, 06/30/48 (c) | |
| 1,470 | | |
| 1,456,478 | |
Michigan Strategic Fund, I-75 Improvement Project (RB) (AG) 4.50%, 06/30/48 (c) | |
| 1,000 | | |
| 932,259 | |
Michigan Tobacco Settlement Finance Authority, Series B (RB) 0.00%, 06/01/52 (c) ^ | |
| 260 | | |
| 32,688 | |
The Economic Development Corporation of The City of Grand Rapids Limited Obligation, Beacon Hill At Eastgate Project, Series A (RB) 5.75%, 11/01/45 (c) | |
| 1,000 | | |
| 1,013,249 | |
The Economic Development Corporation of The City of Grand Rapids Limited Obligation, Beacon Hill At Eastgate Project, Series B-3 (RB) 4.12%, 11/01/30 (c) | |
| 1,500 | | |
| 1,500,549 | |
| The Economic Development Corporation of The City of Kalamazoo Limited Obligation, Friendship Village of Kalamazoo Project, Series A (RB) | |
| | | |
| | |
| 6.00%, 08/15/46 (c) | |
| 1,000 | | |
| 1,030,370 | |
| 6.25%, 08/15/56 (c) | |
| 1,000 | | |
| 1,018,031 | |
| 6.25%, 08/15/61 (c) | |
| 1,130 | | |
| 1,146,199 | |
The Economic Development Corporation of The City of Kalamazoo Limited Obligation, Friendship Village of Kalamazoo Project, Series B-1 (RB) 4.50%, 08/15/31 (c) | |
| 500 | | |
| 494,959 | |
| | |
Par
(000’s | ) | |
Value | |
| Michigan (continued) | |
| | | |
| | |
The Economic Development Corporation of The City of Kalamazoo Limited Obligation, Friendship Village of Kalamazoo Project, Series B-2 (RB) 4.25%, 08/15/31 (c) | |
$ | 2,000 | | |
$ | 1,979,713 | |
The Economic Development Corporation of The City of Kalamazoo Limited, Friendship Village of Kalamazoo Project, Series B-3 (RB) 3.90%, 08/15/31 (c) | |
| 2,000 | | |
| 1,974,860 | |
The Economic Development Corporation of The City of Kalamazoo Limited, Series A (RB) 5.00%, 08/15/36 (c) | |
| 500 | | |
| 503,513 | |
| | |
| | | |
| 37,571,828 | |
| Minnesota: 0.9% | |
| | | |
| | |
Chippewa County, Chippewa County-Montevideo Hospital Project (RB) 4.00%, 03/01/37 (c) | |
| 135 | | |
| 130,232 | |
City of Anoka, Homestead at Anoka, Inc. Project (RB) 4.25%, 11/01/27 (c) | |
| 215 | | |
| 213,812 | |
| City of Apple Valley (RB) | |
| | | |
| | |
| 5.38%, 09/01/45 (c) | |
| 420 | | |
| 430,702 | |
| 5.50%, 09/01/55 (c) | |
| 600 | | |
| 607,210 | |
| 5.62%, 09/01/65 (c) | |
| 815 | | |
| 826,316 | |
City of Brainerd (RB) 5.50%, 05/01/45 (c) | |
| 1,000 | | |
| 1,020,171 | |
City of Brooklyn Park, Minnesota Charter School (RB) 5.12%, 06/15/54 (c) | |
| 1,000 | | |
| 918,583 | |
City of Coon Rapids (RB) 6.50%, 06/15/47 (c) | |
| 1,000 | | |
| 1,031,741 | |
City of Crookston, Health Care Facilities, Riverview Health Project (RB) 5.00%, 05/01/34 (c) | |
| 3,000 | | |
| 1,750,919 | |
| City of Deephaven, Charter School, Eagle Ridge Academy Project, Series A (RB) | |
| | | |
| | |
| 5.25%, 07/01/40 (c) | |
| 500 | | |
| 500,243 | |
| 5.50%, 07/01/50 (c) | |
| 2,860 | | |
| 2,860,147 | |
City of forest Lake, International Language Academy, Series A (RB) (SAW) 5.38%, 08/01/50 (c) | |
| 500 | | |
| 492,514 | |
City of Maple Grove, Minnesota Health Care Facilities (RB) 3.38%, 05/01/33 (c) | |
| 115 | | |
| 108,344 | |
City of Minneapolis, Fairview Health Services, Series A (RB) 5.00%, 11/15/30 (c) | |
| 1,000 | | |
| 1,000,364 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Minnesota (continued) | |
| | | |
| | |
| 5.00%, 11/15/34 (c) | |
$ | 1,830 | | |
$ | 1,882,708 | |
City of Shakopee Senior Housing Revenue (RB) 5.75%, 11/01/55 (c) | |
| 500 | | |
| 501,135 | |
City of St. Cloud, Centracare Health System (RB) 5.00%, 05/01/54 (c) | |
| 1,000 | | |
| 1,015,279 | |
City of St. Louis Park, Place Via Sol Project (RB) (AMBAC) 6.00%, 07/01/53 (d) (p) * | |
| 1,927 | | |
| 192,740 | |
City of St. Paul, Housing and Redevelopment Authority, Series A (RB) 5.75%, 09/01/46 (c) | |
| 325 | | |
| 325,472 | |
City of St. Paul, Minnesota Housing and Redevelopment Authority (RB) 4.00%, 11/15/43 (c) | |
| 2,000 | | |
| 1,841,901 | |
Duluth Economic Development Authority, Benedictine Health System, Series A (RB) 4.00%, 07/01/41 (c) | |
| 2,255 | | |
| 1,975,532 | |
| Housing and Redevelopment Authority of The City of Saint Paul, Minnesota Charter School Lease Revenue, Nova Classical Academy Project (RB) | |
| | | |
| | |
| 5.50%, 09/01/55 (c) | |
| 425 | | |
| 417,448 | |
| 5.62%, 09/01/65 (c) | |
| 750 | | |
| 736,276 | |
Minneapolis Minnesota Health Care System, Fairview Health Services, Series A (RB) 5.00%, 11/15/49 (c) | |
| 2,000 | | |
| 1,974,731 | |
Minnesota Agricultural and Economic Development Board Health Care Facilities, Healthpartners Obligated Group (RB) 5.25%, 01/01/47 (c) | |
| 2,330 | | |
| 2,453,733 | |
| Minnesota Agricultural and Economic Development Board, Fairview Health Services, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/36 (c) | |
| 2,250 | | |
| 2,495,620 | |
| 5.00%, 11/15/44 (c) | |
| 1,000 | | |
| 1,055,785 | |
Minnesota Higher Education Facilities Authority, Augsburg College, Series A (RB) 5.00%, 05/01/46 (c) | |
| 1,000 | | |
| 691,089 | |
Minnesota Higher Education Facilities Authority, Augsburg College, Series B (RB) 4.25%, 05/01/40 (c) | |
| 860 | | |
| 606,877 | |
Minnesota Municipal Gas Agency Gas Project, Series A (RB) 5.00%, 09/01/35 (c) | |
| 3,000 | | |
| 3,119,437 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Minnesota (continued) | |
| | | |
| | |
| Rum River Special Education Cooperative, A Minnesota Joint Powers Entity, Series A (CP) | |
| | | |
| | |
| 5.00%, 02/01/35 (c) | |
$ | 1,750 | | |
$ | 1,837,008 | |
| 5.50%, 02/01/46 (c) | |
| 1,000 | | |
| 1,019,747 | |
Township of Baytown, St. Croix Preparatory Academy Project, Series A (RB)
4.00%, 08/01/36 (c)
| |
| 250 | | |
| 234,255 | |
Woodbury, Minnesota Charter School Lease, Woodbury Leadership Academy Project, Series A (RB)
4.00%, 07/01/56 (c)
| |
| 1,150 | | |
| 820,821 | |
| | |
| | | |
| 37,088,892 | |
| Mississippi: 0.2% | |
| | | |
| | |
| Mississippi Development Bank, Magnolia Regional Health Center Project (RB) | |
| | | |
| | |
| 4.00%, 10/01/41 (c) | |
| 3,500 | | |
| 2,910,370 | |
| 5.00%, 10/01/32 (c) | |
| 1,530 | | |
| 1,567,781 | |
Mississippi Hospital Equipment and Facilities Authority, Baptist Memorial Health Corp., Series A (RB)
5.00%, 09/01/41 (c)
| |
| 3,000 | | |
| 3,004,745 | |
| | |
| | | |
| 7,482,896 | |
| Missouri: 0.8% | |
| | | |
| | |
| Boone County, Boone Hospital Center (RB) | |
| | | |
| | |
| 3.00%, 08/01/34 (c) | |
| 410 | | |
| 307,161 | |
| 4.00%, 08/01/38 (c) | |
| 565 | | |
| 429,426 | |
City of Liberty, Liberty Commons Project, Series A (TA)
5.75%, 06/01/35 (c)
| |
| 500 | | |
| 500,590 | |
City of Nevada, Regional Medical Center (RB) (ACA)
4.30%, 10/01/26 (c)
| |
| 15 | | |
| 14,975 | |
City of St. Louis, Industrial Development Authority, Ballpark Village Development Project, Series A (RB)
4.38%, 11/15/35 (c)
| |
| 250 | | |
| 242,498 | |
| Health & Educational Facilities Authority of the State of Missouri (RB) | |
| | | |
| | |
| 5.00%, 10/01/35 (c) | |
| 500 | | |
| 503,568 | |
| 6.00%, 10/01/45 (c) | |
| 500 | | |
| 507,269 | |
| Health and Educational Facilities Authority, Lutheran Senior Services Projects, Series A (RB) | |
| | | |
| | |
| 5.25%, 02/01/48 (c) | |
| 1,000 | | |
| 1,013,088 | |
| 5.25%, 02/01/54 (c) | |
| 250 | | |
| 250,385 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Missouri (continued) | |
| | | |
| | |
Health and Educational Facilities Authority, Lutheran Senior Services Projects, Series B (RB)
5.00%, 02/01/46 (c)
| |
$ | 1,460 | | |
$ | 1,459,999 | |
Health and Educational Facilities Authority, Lutheran Senior Services Projects, Series C (RB)
4.00%, 02/01/42 (c)
| |
| 575 | | |
| 532,641 | |
I-470 Western Gateway Transportation Development District, Series A (RB)
5.25%, 12/01/48 (c)
| |
| 1,100 | | |
| 1,100,607 | |
Kansas City Industrial Development Authority, Methodist Retire Home, Series B (RB)
5.00%, 11/15/46 (d) *
| |
| 3,894 | | |
| 39 | |
Kansas City Missouri Industrial Development Authority, Historic Northeast Redevelopment Plan, Series A-1 (RB)
5.00%, 06/01/46 (c)
| |
| 500 | | |
| 504,018 | |
| Kirkwood Industrial Development Authority, Missouri Retirement Community, Series A (RB) | |
| | | |
| | |
| 5.25%, 05/15/37 (c) | |
| 1,500 | | |
| 1,509,270 | |
| 5.25%, 05/15/50 (c) | |
| 2,000 | | |
| 1,888,303 | |
| Lee’s Summit Industrial Development Authority, Senior Living Facilities, John Knox Village, Series A (RB) | |
| | | |
| | |
| 5.00%, 08/15/32 (c) | |
| 2,430 | | |
| 2,461,033 | |
| 5.00%, 08/15/36 (c) | |
| 1,550 | | |
| 1,551,206 | |
| 5.00%, 08/15/39 (c) | |
| 1,000 | | |
| 1,025,763 | |
| 5.00%, 08/15/42 (c) | |
| 2,000 | | |
| 1,969,271 | |
| 5.62%, 08/15/54 (c) | |
| 500 | | |
| 505,018 | |
Missouri State Health and Educational Facilities Authority, Lutheran Senior Services Project, Series A (RB)
5.00%, 02/01/42 (c)
| |
| 3,150 | | |
| 3,196,403 | |
St. Joseph Industrial Development Authority, Missouri Healthcare, Series A (RB)
5.00%, 01/01/50 (c)
| |
| 1,000 | | |
| 694,533 | |
St. Louis County, Industrial Development Authority, Friendship Village St. Louis (RB)
5.00%, 09/01/48 (c)
| |
| 2,500 | | |
| 2,449,205 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Missouri (continued) | |
| | | |
| | |
| St. Louis County, Industrial Development Authority, Friendship Village St. Louis Obligated Group, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/38 (c) | |
$ | 500 | | |
$ | 508,564 | |
| 5.25%, 09/01/53 (c) | |
| 6,000 | | |
| 5,915,593 | |
St. Louis County, Industrial Development Authority, St. Andrew’s Resources for Seniors Obligated Group, Series A (RB)
5.00%, 12/01/35 (c)
| |
| 150 | | |
| 150,051 | |
University City of Missouri, Industrial Development Authority, Series A (RB)
4.88%, 06/15/36 (c)
| |
| 835 | | |
| 856,857 | |
| | |
| | | |
| 32,047,334 | |
| Montana: 0.0% | |
| | | |
| | |
City of Kalispell, Immanuel Living at Buffalo Hill Project, Series B (RB)
4.25%, 05/15/30 (c)
| |
| 500 | | |
| 501,170 | |
Montana Facility Finance Authority, Health Care Facilities, Children’s Home & Hospital Project, Series A (RB)
4.00%, 07/01/50 (c)
| |
| 1,970 | | |
| 1,402,348 | |
| | |
| | | |
| 1,903,518 | |
| Nebraska: 0.3% | |
| | | |
| | |
| Central Plains Energy Project, Gas Project Crossover No. 3, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/30 | |
| 2,000 | | |
| 2,096,301 | |
| 5.00%, 09/01/34 | |
| 1,000 | | |
| 1,050,687 | |
| 5.00%, 09/01/36 | |
| 500 | | |
| 525,998 | |
| 5.00%, 09/01/42 | |
| 5,000 | | |
| 5,156,289 | |
Central Plains Energy Project, Gas Supply, Series A (RB)
5.00%, 08/01/55 (c) (p)
| |
| 2,000 | | |
| 2,140,859 | |
Central Plains Energy Project, Series G (RB)
5.00%, 05/01/53 (c) (p)
| |
| 235 | | |
| 245,981 | |
Omaha Public Power District, Series B (RB)
5.00%, 02/01/50 (c)
| |
| 2,000 | | |
| 2,089,192 | |
| | |
| | | |
| 13,305,307 | |
| Nevada: 0.3% | |
| | | |
| | |
| City of Las Vegas, Special Improvement District No. 814 (SA) | |
| | | |
| | |
| 4.00%, 06/01/44 (c) | |
| 225 | | |
| 205,463 | |
| 4.00%, 06/01/49 (c) | |
| 515 | | |
| 440,113 | |
City of Las Vegas, Special Improvement District No. 818 (SA)
5.00%, 12/01/49 (c)
| |
| 500 | | |
| 498,022 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Nevada (continued) | |
| | | |
| | |
City of Reno, Special Assessment District No. 1, Local Improvement (SA)
5.25%, 06/01/54 (c)
| |
$ | 750 | | |
$ | 750,555 | |
City of Reno, Tax Increment Senior Lien, Series C (TA)
5.40%, 06/01/27 (c)
| |
| 505 | | |
| 505,771 | |
Clark County School District, Nevada, Series A (GO) (AG)
4.00%, 06/15/45 (c)
| |
| 2,000 | | |
| 1,960,307 | |
Clark County, Special Improvement District No. 159 (SA)
5.00%, 08/01/35 (c)
| |
| 150 | | |
| 150,171 | |
Henderson Local Improvement District No. T-18 (SA)
4.00%, 09/01/35 (c)
| |
| 565 | | |
| 550,098 | |
North Las Vegas, Special Improvement District No. 64 (SA)
4.62%, 06/01/49 (c)
| |
| 210 | | |
| 199,103 | |
North Las Vegas, Special Improvement District No. 64 (SA) (SAW) 4.62%,
06/01/43 (c)
| |
| 440 | | |
| 438,462 | |
State of Nevada, Department of Business and Industry, Senior Subordinate, Brightline West Passenger Rail Project, Series B (RB)
12.00%, 01/01/65 (c) (p)
| |
| 7,575 | | |
| 4,393,500 | |
| State of Nevada, Department of Business and Industry, Somerset Academy, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/15/35 (c) | |
| 2,000 | | |
| 2,000,276 | |
| 5.00%, 12/15/38 (c) | |
| 400 | | |
| 400,022 | |
| 5.00%, 12/15/48 (c) | |
| 500 | | |
| 461,976 | |
| 5.12%, 12/15/45 (c) | |
| 1,000 | | |
| 966,523 | |
| | |
| | | |
| 13,920,362 | |
| New Hampshire: 1.0% | |
| | | |
| | |
National Finance Authority Affordable Housing Certificates, Series 1 (RB)
4.15%, 10/20/40 (c) (p)
| |
| 3,486 | | |
| 3,493,430 | |
National Finance Authority, Astro Sunterra Projects (RB)
0.00%, 12/15/34 (c) ^
| |
| 250 | | |
| 143,750 | |
National Finance Authority, Bridgeland Water & Utility Districts 418, 489, 492, 493, 157 and 159 (RB)
6.12%, 12/15/33 (c)
| |
| 250 | | |
| 250,124 | |
National Finance Authority, Bridgeland Water and Utility Districts (RB)
5.38%, 12/15/35 (c)
| |
| 1,634 | | |
| 1,634,176 | |
| | |
| Par
(000’s | ) | |
| Value | |
| New Hampshire (continued) | |
| | | |
| | |
National Finance Authority, Covanta Project, Series B (RB)
4.62%, 11/01/42 (c) | |
$ | 4,225 | | |
$ | 3,723,189 | |
National Finance Authority, Emberly and Cantera Creek Projects (RB)
5.38%, 12/01/31 (c) | |
| 713 | | |
| 712,484 | |
National Finance Authority, forestar Group Houston-Area Projects (RB)
6.50%, 12/01/34 (c)
| |
| 250 | | |
| 250,655 | |
National Finance Authority, Goodland Project (RB)
0.00%, 12/15/39 (c) ^
| |
| 3,000 | | |
| 1,235,784 | |
National Finance Authority, Highlands Project (RB)
5.12%, 12/15/30 (c)
| |
| 410 | | |
| 410,315 | |
| National Finance Authority, Katy Court Project - Development I, fort Bend, Waller, and Harris Counties (RB) | |
| | | |
| | |
| 0.00%, 12/01/35 (c) ^ | |
| 250 | | |
| 130,737 | |
| 5.88%, 12/01/32 (c) | |
| 1,000 | | |
| 1,001,879 | |
National Finance Authority, Mirador Project (RB)
6.00%, 12/01/31 (c)
| |
| 750 | | |
| 750,793 | |
National Finance Authority, Municipal Certificates, Series 2 (RB)
3.82%, 11/20/42
| |
| 993 | | |
| 968,480 | |
National Finance Authority, New Hampshire (RB)
0.00%, 12/15/32 (c) ^
| |
| 750 | | |
| 479,444 | |
National Finance Authority, New Hampshire Business, Series A-2 (RB)
4.17%, 01/20/41
| |
| 3,960 | | |
| 3,832,312 | |
National Finance Authority, New Hampshire Resource Recovery, Covanta Project, Series C (RB)
4.88%, 11/01/42 (c)
| |
| 2,000 | | |
| 1,815,291 | |
National Finance Authority, New Hampshire, Presbyterian Senior Living Project, Series A (RB)
5.25%, 07/01/48 (c)
| |
| 1,000 | | |
| 1,011,658 | |
National Finance Authority, Silverado Project (RB)
5.00%, 12/01/28 (c)
| |
| 720 | | |
| 719,057 | |
National Finance Authority, Springpoints Living Project (RB)
4.00%, 01/01/41 (c)
| |
| 1,000 | | |
| 933,412 | |
National Finance Authority, Tamarron Project, fort Bend County, Texas (RB)
5.25%, 12/01/35 (c)
| |
| 1,000 | | |
| 998,676 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| New Hampshire (continued) | |
| | | |
| | |
National Finance Authority, University of Nevada, Reno, Series A (RB) (BAM) 5.25%, 06/01/51 (c) | |
$ | 2,000 | | |
$ | 2,081,474 | |
National Finance Authority, Valencia Project (RB) 5.30%, 12/01/32 (c) | |
| 540 | | |
| 539,708 | |
National Finance Authority, Vista Project, Series A (RB) 5.62%, 07/01/46 (c) | |
| 2,600 | | |
| 2,609,099 | |
National Finance Authority, Wildflower Project (RB) 0.00%, 12/15/33 (c) ^ | |
| 394 | | |
| 249,558 | |
New Hampshire Business Finance Authority (RB) 0.00%, 12/01/31 (c) ^ | |
| 5,000 | | |
| 3,472,915 | |
New Hampshire Business Finance Authority, Series A (RB) (BAM) 4.12%, 01/20/34 | |
| 4,420 | | |
| 4,486,305 | |
New Hampshire Business Finance Authority, Series A-2 (RB) 5.15%, 06/20/41 (c) (p) | |
| 997 | | |
| 1,024,995 | |
New Hampshire Health and Education Facilities Authority, University System of New Hampshire (RB) (BAM) 5.00%, 07/01/56 (c) | |
| 2,000 | | |
| 2,065,536 | |
| | |
| | | |
| 41,025,236 | |
| New Jersey: 2.3% | |
| | | |
| | |
New Jersey Economic Development Authority, Bancroft Neurohealth Project, Series A (RB) 5.00%, 06/01/36 (c) | |
| 470 | | |
| 470,104 | |
| New Jersey Economic Development Authority, Continental Airlines, Inc. Project (RB) | |
| | | |
| | |
| 5.25%, 09/15/29 (c) | |
| 1,160 | | |
| 1,161,457 | |
| 5.50%, 06/01/33 (c) | |
| 60 | | |
| 60,110 | |
| 5.62%, 11/15/30 (c) | |
| 285 | | |
| 285,421 | |
| 5.62%, 11/15/30 (c) | |
| 2,035 | | |
| 2,038,009 | |
| 5.75%, 09/15/27 (c) | |
| 590 | | |
| 591,021 | |
New Jersey Economic Development Authority, Kapkowski Road Landfill Reclamation Improvement District Project (SA) 5.75%, 04/01/31 | |
| 55 | | |
| 55,300 | |
| New Jersey Economic Development Authority, Lions Gate Project (RB) | |
| | | |
| | |
| 4.88%, 01/01/29 (c) | |
| 410 | | |
| 410,100 | |
| 5.00%, 01/01/34 (c) | |
| 500 | | |
| 500,044 | |
| | |
| Par
(000’s | ) | |
| Value | |
| New Jersey (continued) | |
| | | |
| | |
| New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/32 (c) | |
$ | 1,640 | | |
$ | 1,647,112 | |
| 4.00%, 07/01/34 (c) | |
| 2,000 | | |
| 2,004,338 | |
| 5.00%, 07/01/33 (c) | |
| 4,640 | | |
| 4,710,775 | |
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB) (BAM) 5.00%, 07/01/28 (c) | |
| 2,500 | | |
| 2,559,060 | |
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series B (RB) (XLCA) 0.00%, 07/01/26 ^ | |
| 515 | | |
| 512,093 | |
New Jersey Economic Development Authority, Port Newark Container Terminal LLC Project (RB) 5.00%, 10/01/47 (c) | |
| 3,300 | | |
| 3,302,519 | |
New Jersey Economic Development Authority, School Facilities Construction, Series EEE (RB) 5.00%, 06/15/48 (c) | |
| 2,880 | | |
| 2,928,804 | |
New Jersey Economic Development Authority, School Facilities Construction, Series LLL (RB) 5.00%, 06/15/38 (c) | |
| 600 | | |
| 630,560 | |
New Jersey Economic Development Authority, West Campus Housing, LLC, Series A (RB) 4.12%, 07/01/30 (c) | |
| 150 | | |
| 144,145 | |
New Jersey Educational Facilities Authority, Princeton University, Series A (RB) 5.00%, 07/01/64 (c) (p) | |
| 2,000 | | |
| 2,199,717 | |
New Jersey Educational Facilities Authority, Rider University, Series F (RB) 5.00%, 07/01/47 (c) | |
| 490 | | |
| 374,603 | |
New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB) 5.00%, 10/01/28 (c) | |
| 500 | | |
| 521,054 | |
| New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/29 | |
| 5,000 | | |
| 5,322,850 | |
| 5.50%, 07/01/37 (c) | |
| 1,000 | | |
| 1,193,026 | |
| 5.50%, 07/01/42 (c) | |
| 1,000 | | |
| 1,168,392 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| New Jersey (continued) | |
| | | |
| | |
| New Jersey Transportation Trust Fund Authority, Series A (RB) | |
| | | |
| | |
| 0.00%, 12/15/33 ^ | |
$ | 5 | | |
$ | 3,890 | |
| 5.00%, 12/15/26 | |
| 5 | | |
| 5,066 | |
| 5.00%, 12/15/28 | |
| 200 | | |
| 211,905 | |
| 5.00%, 06/15/38 (c) | |
| 1,500 | | |
| 1,674,475 | |
| 5.00%, 12/15/39 (c) | |
| 385 | | |
| 403,578 | |
| 5.25%, 06/15/39 (c) | |
| 3,000 | | |
| 3,383,975 | |
| New Jersey Transportation Trust Fund Authority, Series AA (RB) | |
| | | |
| | |
| 5.00%, 06/15/36 (c) | |
| 1,000 | | |
| 1,141,792 | |
| 5.00%, 06/15/37 (c) | |
| 1,000 | | |
| 1,134,019 | |
| 5.00%, 06/15/40 (c) | |
| 1,000 | | |
| 1,112,288 | |
| 5.00%, 06/15/41 (c) | |
| 1,000 | | |
| 1,106,015 | |
| 5.00%, 06/15/45 (c) | |
| 2,000 | | |
| 2,142,109 | |
New Jersey Transportation Trust Fund Authority, Series C (RB) (AMBAC) 0.00%, 12/15/28 ^ | |
| 100 | | |
| 92,646 | |
New Jersey Transportation Trust Fund Authority, Series C (RB) (NATL) 0.00%, 12/15/31 ^ | |
| 365 | | |
| 306,292 | |
New Jersey Transportation Trust Fund Authority, Series CC (RB) 5.25%, 06/15/50 (c) | |
| 1,000 | | |
| 1,057,310 | |
Newark Housing Port Authority, Marine Terminal Redevelopment Project (RB) (NATL) 5.25%, 01/01/27 | |
| 100 | | |
| 101,179 | |
| Passaic County Improvement Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/55 (c) | |
| 750 | | |
| 708,984 | |
| 5.00%, 01/01/60 (c) | |
| 500 | | |
| 460,234 | |
South Jersey Port Corp., Marine Terminal, Series B (RB) 5.00%, 01/01/34 (c) | |
| 360 | | |
| 367,849 | |
| Tobacco Settlement Financing Corp., Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/46 (c) | |
| 10,020 | | |
| 9,944,303 | |
| 5.25%, 06/01/46 (c) | |
| 5,175 | | |
| 5,186,378 | |
Tobacco Settlement Financing Corp., Series B (RB) 5.00%, 06/01/46 (c) | |
| 30,495 | | |
| 29,698,297 | |
| | |
| | | |
| 95,033,198 | |
| New Mexico: 0.1% | |
| | | |
| | |
New Mexico Hospital Equipment Loan Council, Haverland Carter Lifestyle Group - La Vida Llena Expansion Project, Series A (RB) 5.00%, 07/01/49 (c) | |
| 3,480 | | |
| 3,143,739 | |
| | |
| Par
(000’s | ) | |
| Value | |
| New Mexico (continued) | |
| | | |
| | |
New Mexico Municipal Energy Acquisition Authority, Gas Supply (RB) 5.00%, 06/01/54 (c) (p) | |
$ | 1,000 | | |
$ | 1,063,410 | |
| | |
| | | |
| 4,207,149 | |
| New York: 10.6% | |
| | | |
| | |
| Brooklyn Arena Local Development Corp., Barclays Center (RB) | |
| | | |
| | |
| 0.00%, 07/15/32 ^ | |
| 395 | | |
| 313,530 | |
| 0.00%, 07/15/33 ^ | |
| 370 | | |
| 281,261 | |
| 0.00%, 07/15/47 ^ | |
| 180 | | |
| 62,300 | |
| Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/15/26 | |
| 345 | | |
| 345,869 | |
| 5.00%, 07/15/42 (c) | |
| 9,515 | | |
| 9,544,935 | |
| Build NYC Resource Corp. (RB) | |
| | | |
| | |
| 5.00%, 12/15/31 (c) | |
| 4,000 | | |
| 3,977,335 | |
| 5.12%, 10/15/45 (c) | |
| 1,500 | | |
| 1,494,771 | |
| 5.25%, 10/15/50 (c) | |
| 1,500 | | |
| 1,433,416 | |
| 5.38%, 10/15/55 (c) | |
| 1,000 | | |
| 954,480 | |
| 5.38%, 10/15/61 (c) | |
| 2,000 | | |
| 1,883,473 | |
| 5.62%, 07/01/45 (c) | |
| 500 | | |
| 504,524 | |
Build NYC Resource Corp., Albert Einstein School of Medicine, Inc., Project (RB) 5.50%, 09/01/45 (c) | |
| 4,500 | | |
| 4,499,668 | |
| Build NYC Resource Corp., Bayridge Preparatory School Project (RB) | |
| | | |
| | |
| 5.00%, 09/01/49 (c) | |
| 1,255 | | |
| 1,160,969 | |
| 5.00%, 09/01/59 (c) | |
| 4,300 | | |
| 3,822,271 | |
| Build NYC Resource Corp., Kipp NYC Public School Facilities - Canal West Project (RB) | |
| | | |
| | |
| 5.25%, 07/01/52 (c) | |
| 1,000 | | |
| 1,014,298 | |
| 5.25%, 07/01/57 (c) | |
| 1,000 | | |
| 1,011,403 | |
Build NYC Resource Corp., Richmond University Medical Center Project, Series A (RB) 5.62%, 12/01/50 (c) | |
| 1,200 | | |
| 1,016,676 | |
Build NYC Resource Corp., Shefa School Project, Series A (RB) (SAW) 5.00%, 06/15/51 (c) | |
| 6,500 | | |
| 5,769,058 | |
Build NYC Resource Corp., Unity Preparatory Charter School of Brooklyn Project, Series A (RB) 5.50%, 06/15/63 (c) | |
| 1,000 | | |
| 979,441 | |
| Build NYC Resource Corp., Zeta Charter Schools, Series A (RB) | |
| | | |
| | |
| 5.50%, 06/01/56 (c) | |
| 1,000 | | |
| 969,620 | |
| 5.62%, 06/01/61 (c) | |
| 1,000 | | |
| 979,377 | |
| 5.75%, 06/01/66 (c) | |
| 1,500 | | |
| 1,451,588 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| New York (continued) | |
| | | |
| | |
Build Nyc Resource Corporation Revenue Bonds, The Renaissance Charter School 2 Project, Series A (RB) 4.25%, 06/15/35 | |
$ | 1,350 | | |
$ | 1,340,530 | |
| Build Nyc Resource Corporation, The Renaissance Charter School 2 Project, Series A (RB) | |
| | | |
| | |
| 4.75%, 06/15/40 (c) | |
| 1,900 | | |
| 1,898,128 | |
| 5.25%, 06/15/45 (c) | |
| 1,000 | | |
| 1,003,991 | |
| 5.50%, 06/15/50 (c) | |
| 1,250 | | |
| 1,239,717 | |
| 5.50%, 06/15/55 (c) | |
| 1,000 | | |
| 972,897 | |
| 5.75%, 06/15/60 (c) | |
| 2,000 | | |
| 1,996,219 | |
City of New York, Series D (GO) 5.00%, 10/01/45 (c) | |
| 1,000 | | |
| 1,067,402 | |
City of Troy Capital Resource Corp., Series A (RB) 4.00%, 09/01/40 (c) | |
| 1,250 | | |
| 1,213,776 | |
County of Sullivan, Adelaar Infrastructure Project, Series A-2 (SA) 5.35%, 11/01/49 (c) | |
| 2,000 | | |
| 2,001,708 | |
| Dutchess County Local Development Corp., Bard College Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/40 (c) | |
| 2,500 | | |
| 2,552,441 | |
| 5.00%, 07/01/45 (c) | |
| 3,000 | | |
| 3,017,901 | |
| 5.00%, 07/01/51 (c) | |
| 4,370 | | |
| 4,328,996 | |
Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB) 5.00%, 07/01/46 (c) | |
| 3,000 | | |
| 2,966,740 | |
| Erie Tobacco Asset Securitization Corp., Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/38 (c) | |
| 5 | | |
| 4,621 | |
| 5.00%, 06/01/45 (c) | |
| 2,000 | | |
| 1,628,241 | |
Long Island Power Authority (RB) 3.00%, 09/01/55 (c) (p) | |
| 1,500 | | |
| 1,501,397 | |
| Metropolitan Transportation Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/41 (c) | |
| 1,000 | | |
| 1,087,782 | |
| 5.25%, 11/15/49 (c) | |
| 1,625 | | |
| 1,693,886 | |
| 5.25%, 11/15/55 (c) | |
| 2,000 | | |
| 2,068,370 | |
Metropolitan Transportation Authority, Series B (RB) 5.00%, 11/15/35 | |
| 2,000 | | |
| 2,291,526 | |
Metropolitan Transportation Authority, Series E (RB) 4.00%, 11/15/45 (c) | |
| 530 | | |
| 491,788 | |
| Monroe County Industrial Development Corp., Eugenio Maria De Hostos Charter School Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/44 (c) | |
| 1,000 | | |
| 977,882 | |
| 5.00%, 07/01/59 (c) | |
| 1,000 | | |
| 877,109 | |
| | |
| Par
(000’s | ) | |
| Value | |
| New York (continued) | |
| | | |
| | |
Monroe County Industrial Development Corp., Rochester regional Health Project, Series A (RB) 3.00%, 12/01/40 (c) | |
$ | 5 | | |
$ | 4,094 | |
| Monroe County Industrial Development Corp., Rochester Regional Health Project, Series A (RB) | |
| | | |
| | |
| 4.00%, 12/01/35 (c) | |
| 2,100 | | |
| 2,090,420 | |
| 5.00%, 12/01/31 (c) | |
| 500 | | |
| 531,695 | |
Nassau County Tobacco Settlement Corp., Series A-3 (RB) 5.12%, 06/01/46 (c) | |
| 2,905 | | |
| 2,036,449 | |
| New York & New Jersey Port Authority (RB) | |
| | | |
| | |
| 5.00%, 01/15/50 (c) | |
| 3,000 | | |
| 3,156,126 | |
| 5.00%, 01/15/55 (c) | |
| 2,500 | | |
| 2,609,281 | |
New York City Housing Development Corp., Multi-Family Housing, Series B-2 (RB) 3.95%, 11/01/64 (c) (p) | |
| 1,500 | | |
| 1,524,568 | |
New York City Housing Development Corp., Multi-Family Housing, Series C-2 (RB) 3.75%, 05/01/65 (c) (p) | |
| 2,000 | | |
| 2,022,686 | |
New York City Housing Development Corp., Multi-Family Housing, Series F-1 (RB) 4.55%, 11/01/54 (c) | |
| 2,000 | | |
| 1,975,205 | |
New York City Housing Development Corp., Multi-Family Mortgage, Series D (RB) 4.00%, 12/15/31 (c) | |
| 250 | | |
| 253,135 | |
New York City Housing Development Corp., Multi-Family Mortgage, Series E (RB) 4.38%, 12/15/31 (c) | |
| 1,000 | | |
| 1,017,826 | |
New York City Housing Development Corp., Multi-Family Mortgage, Series F (RB) 5.25%, 12/15/31 (c) | |
| 1,250 | | |
| 1,288,113 | |
New York City Industrial Development Agency (RB) (AG) 3.00%, 03/01/36 (c) | |
| 2,500 | | |
| 2,368,817 | |
New York City Industrial Development Agency Pilot,Yankee Stadium Project, Series A (RB) (AG) 5.00%, 03/01/29 | |
| 1,000 | | |
| 1,060,343 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| New York (continued) | |
| | | |
| | |
New York City Industrial Development Agency, Airport Facilities, Series A (RB) 5.00%, 07/01/28 (c) | |
$ | 1,110 | | |
$ | 1,110,731 | |
New York City Transitional Finance Authority Future Tax Secured Tax-Exempt, Series E (RB) 5.00%, 11/01/46 (c) | |
| 1,500 | | |
| 1,581,137 | |
New York Convention Center Development Corp. (RB) 5.00%, 11/15/40 (c) | |
| 3,325 | | |
| 3,327,178 | |
| New York Counties Tobacco Trust IV, Series A (RB) | |
| | | |
| | |
| 3.75%, 06/01/45 (c) | |
| 500 | | |
| 371,308 | |
| 5.00%, 06/01/42 (c) | |
| 7,335 | | |
| 6,345,768 | |
| 5.00%, 06/01/45 (c) | |
| 785 | | |
| 612,728 | |
New York Counties Tobacco Trust IV, Series E (RB) 0.00%, 06/01/55 (c) ^ | |
| 5 | | |
| 420 | |
| New York Counties Tobacco Trust VI, Series A-2B (RB) | |
| | | |
| | |
| 5.00%, 06/01/45 (c) | |
| 1,270 | | |
| 1,107,203 | |
| 5.00%, 06/01/51 (c) | |
| 5,000 | | |
| 4,191,192 | |
New York Energy Finance Development Corp. (RB) 5.00%, 07/01/56 (c) (p) | |
| 4,650 | | |
| 4,790,956 | |
| New York Liberty Development Corp., 3 World Trade Center Project (RB) | |
| | | |
| | |
| 5.00%, 11/15/44 (c) | |
| 17,100 | | |
| 17,113,642 | |
| 5.38%, 11/15/40 (c) | |
| 10,000 | | |
| 10,006,591 | |
New York Liberty Development Corp., Bank of America Tower at One Bryant Park Project, Series 3 (RB) 2.80%, 09/15/69 (c) | |
| 7,000 | | |
| 6,578,575 | |
New York Liberty Development Corp., Goldman Sachs Headquarters LLC (RB) 5.25%, 10/01/35 | |
| 3,000 | | |
| 3,435,862 | |
New York State Dormitory Authority, Catholic Health System, Series A (RB) 4.00%, 07/01/45 (c) | |
| 2,500 | | |
| 2,060,416 | |
New York State Dormitory Authority, CUNY Student Housing Project (RB) (AMBAC) 5.50%, 07/01/35 | |
| 480 | | |
| 510,646 | |
New York State Dormitory Authority, Fit Student Housing Corp. (RB) (NATL) 5.25%, 07/01/31 | |
| 150 | | |
| 156,674 | |
New York State Dormitory Authority, fordham University, Series A (RB) 5.00%, 07/01/41 (c) | |
| 1,550 | | |
| 1,550,468 | |
| | |
| Par
(000’s | ) | |
| Value | |
| New York (continued) | |
| | | |
| | |
New York State Dormitory Authority, Montefiore Medical Center, Series A (RB) 5.00%, 08/01/29 (c) | |
$ | 1,000 | | |
$ | 1,034,650 | |
New York State Dormitory Authority, Montefiore Obligated Group, Series A (RB) 5.00%, 08/01/27 | |
| 1,000 | | |
| 1,016,851 | |
New York State Dormitory Authority, New York University, Series A (RB) (AG) 5.00%, 07/01/43 (c) | |
| 2,375 | | |
| 2,447,980 | |
New York State Dormitory Authority, White Plains Hospital (RB) 5.25%, 10/01/49 (c) | |
| 1,100 | | |
| 1,132,166 | |
New York State Dormitory Authority, White Plains Hospital (RB) (AG) 5.50%, 10/01/54 (c) | |
| 4,300 | | |
| 4,546,472 | |
New York State Dormitory Authority, Yeshiva University, Series A (RB) 5.00%, 07/15/50 (c) | |
| 4,300 | | |
| 4,195,412 | |
New York State Environmental Facilities Corp., Casella Waste Systems, Inc. Project (RB) (FHA) 4.25%, 09/01/50 (c) (p) | |
| 250 | | |
| 253,648 | |
New York State Thruway Authority, Series A (RB) 5.00%, 03/15/53 (c) | |
| 3,000 | | |
| 3,096,623 | |
| New York Transportation Development Corp. (RB) | |
| | | |
| | |
| 6.00%, 06/30/44 (c) | |
| 700 | | |
| 770,597 | |
| 6.00%, 06/30/50 (c) | |
| 750 | | |
| 801,947 | |
| 6.00%, 06/30/59 (c) | |
| 9,000 | | |
| 9,496,408 | |
New York Transportation Development Corp. (RB) (AG) 6.00%, 06/30/43 (c) | |
| 800 | | |
| 903,040 | |
| New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project (RB) | |
| | | |
| | |
| 3.00%, 08/01/31 | |
| 5,765 | | |
| 5,531,756 | |
| 5.00%, 08/01/26 (c) | |
| 1,750 | | |
| 1,751,120 | |
| 5.00%, 08/01/31 (c) | |
| 1,140 | | |
| 1,138,351 | |
| 5.25%, 08/01/31 (c) | |
| 4,985 | | |
| 5,211,296 | |
| New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project (RB) | |
| | | |
| | |
| 4.38%, 10/01/45 (c) | |
| 15,500 | | |
| 14,901,113 | |
| 5.00%, 10/01/35 (c) | |
| 8,700 | | |
| 9,090,981 | |
| 5.00%, 10/01/40 (c) | |
| 7,000 | | |
| 7,186,452 | |
| 5.62%, 04/01/40 (c) | |
| 5,895 | | |
| 6,245,326 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| New York (continued) | |
| | | |
| | |
| 6.00%, 04/01/35 (c) | |
$ | 5,000 | | |
$ | 5,500,672 | |
New York Transportation Development Corp., Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment Project (RB) 5.00%, 01/01/30 (c) | |
| 1,600 | | |
| 1,643,828 | |
| New York Transportation Development Corp., JFK Airport Terminal 6 Redevelopment Project, Series A (RB) | |
| | | |
| | |
| 5.50%, 12/31/54 (c) | |
| 9,900 | | |
| 10,043,591 | |
| 5.50%, 12/31/60 (c) | |
| 1,000 | | |
| 1,011,441 | |
New York Transportation Development Corp., JFK Airport Terminal 6 Redevelopment Project, Series A (RB) (AG) 5.25%, 12/31/54 (c) | |
| 4,000 | | |
| 4,050,248 | |
New York Transportation Development Corp., JFK Airport Terminal 6 Redevelopment Project, Series B (RB) (AG) 5.00%, 12/31/54 (c) | |
| 1,000 | | |
| 657,429 | |
| New York Transportation Development Corp., John F. Kennedy International Airport New Terminal One Project (RB) | |
| | | |
| | |
| 5.00%, 06/30/60 (c) | |
| 2,500 | | |
| 2,415,584 | |
| 5.25%, 06/30/41 (c) | |
| 1,020 | | |
| 1,077,139 | |
| 5.25%, 06/30/49 (c) | |
| 1,850 | | |
| 1,862,752 | |
| 5.38%, 06/30/60 (c) | |
| 6,000 | | |
| 5,946,453 | |
| 5.50%, 06/30/39 (c) | |
| 1,035 | | |
| 1,099,327 | |
| 6.00%, 06/30/54 (c) | |
| 6,475 | | |
| 6,736,711 | |
New York Transportation Development Corp., John F. Kennedy International Airport New Terminal One Project (RB) (AG) 5.00%, 06/30/54 (c) | |
| 6,525 | | |
| 6,487,450 | |
| New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/34 (c) | |
| 3,000 | | |
| 3,002,340 | |
| 5.00%, 07/01/41 (c) | |
| 11,445 | | |
| 11,449,217 | |
| 5.00%, 07/01/46 (c) | |
| 27,410 | | |
| 27,311,535 | |
| 5.25%, 01/01/50 (c) | |
| 21,245 | | |
| 21,246,608 | |
New York Transportation Development Corp., LaGuardia Airport Terminals B Redevelopment Project, Series A (RB) (AG) 4.00%, 07/01/35 (c) | |
| 1,000 | | |
| 997,966 | |
| | |
| Par
(000’s | ) | |
| Value | |
| New York (continued) | |
| | | |
| | |
| New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project (RB) | |
| | | |
| | |
| 4.00%, 12/01/42 (c) | |
$ | 4,420 | | |
$ | 4,122,955 | |
| 5.00%, 12/01/39 (c) | |
| 1,000 | | |
| 1,050,360 | |
| 5.00%, 12/01/41 (c) | |
| 6,000 | | |
| 6,258,968 | |
| 5.00%, 12/01/42 (c) | |
| 1,000 | | |
| 1,037,830 | |
| New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project (RB) (AG) | |
| | | |
| | |
| 5.00%, 12/01/29 | |
| 8,000 | | |
| 8,461,216 | |
| 5.00%, 12/01/30 | |
| 5,000 | | |
| 5,349,671 | |
| 5.00%, 12/01/32 | |
| 6,080 | | |
| 6,610,771 | |
New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Series C (RB) 4.00%, 12/01/42 (c) | |
| 4,845 | | |
| 4,627,930 | |
New York Transportation Development Corporation Special Facilities, John F. Kennedy International Airport New Terminal One Project (RB) 6.00%, 06/30/55 (c) | |
| 3,000 | | |
| 3,176,266 | |
Niagara Area Development Corp., New York Solid Waste Disposal Facility, Series A (RB) 4.75%, 11/01/42 (c) | |
| 2,250 | | |
| 2,012,483 | |
Onondaga Civic Development Corp., Syracuse University Project (RB) 5.50%, 12/01/56 (c) | |
| 2,000 | | |
| 2,162,844 | |
Otsego County Capital Resource Corp., Hartwick College Project, Series A (RB) 5.00%, 10/01/45 (c) | |
| 355 | | |
| 240,108 | |
Suffolk Tobacco Asset Securitization Corp., Series B-2 (RB) 0.00%, 06/01/66 (c) ^ | |
| 10,515 | | |
| 942,852 | |
The Genesee County Funding Corporation, Rochester Regional Health Energy Projects, Series A (RB) 5.50%, 12/01/55 (c) | |
| 4,000 | | |
| 4,123,123 | |
Triborough Bridge and Tunnel Authority, Series A (RB) 5.50%, 12/01/59 (c) | |
| 1,000 | | |
| 1,074,448 | |
Troy Capital Resource Corp., Rensselaer Polytechnic Institute Project, Series A (RB) 5.00%, 09/01/36 (c) | |
| 2,020 | | |
| 2,126,462 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| New York (continued) | |
| | | |
| | |
Trust for Cultural Resources of the City of New York, Lincoln Center for the Performing Arts, Inc., Series A (RB) 5.00%, 12/01/30 | |
$ | 1,000 | | |
$ | 1,087,214 | |
| TSASC, Inc., Tobacco Settlement Bonds, Series B (RB) | |
| | | |
| | |
| 5.00%, 06/01/45 (c) | |
| 5,600 | | |
| 5,265,270 | |
| 5.00%, 06/01/48 (c) | |
| 3,000 | | |
| 2,805,788 | |
Ulster County Capital Resource Corp. (RB)
5.88%, 09/15/59 (c) | |
| 2,000 | | |
| 2,004,520 | |
| Ulster County Capital Resource Corp., Woodland Pond of New Paltz Project (RB) | |
| | | |
| | |
| 5.00%, 09/15/37 (c) | |
| 400 | | |
| 400,753 | |
| 5.25%, 09/15/53 (c) | |
| 1,680 | | |
| 1,541,283 | |
Westchester County Local Development Corp., Medical Center (RB) 5.00%, 11/01/46 (c) | |
| 4,860 | | |
| 4,536,295 | |
| Westchester County Local Development Corp., Purchase Senior Learning Community Inc., Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/46 (c) | |
| 2,000 | | |
| 1,921,900 | |
| 5.00%, 07/01/56 (c) | |
| 4,500 | | |
| 4,041,172 | |
| Westchester County Local Development Corp., Sunrise of Tarrytown, Series A (RB) | |
| | | |
| | |
| 6.00%, 12/01/45 (c) | |
| 500 | | |
| 513,586 | |
| 6.38%, 12/01/55 (c) | |
| 1,600 | | |
| 1,635,317 | |
| 6.50%, 12/01/65 (c) | |
| 2,000 | | |
| 2,046,759 | |
Westchester Tobacco Asset Securitization Corp., Series B (RB)
5.00%, 06/01/41 (c) | |
| 200 | | |
| 201,717 | |
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) 5.00%, 10/15/54 (c) | |
| 275 | | |
| 246,507 | |
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) (AG) 5.00%, 10/15/39 (c) | |
| 315 | | |
| 316,236 | |
| | |
| | | |
| 443,718,648 | |
| North Carolina: 0.9% | |
| | | |
| | |
Columbus County Industrial Facilities & Pollution Control Financing Authority (RB) 4.20%, 05/01/34 | |
| 500 | | |
| 517,872 | |
North Carolina Department of Transportation, I-77 Hot Lanes Project (RB) 5.00%, 12/31/37 (c) | |
| 1,000 | | |
| 1,000,775 | |
| | |
| Par
(000’s | ) | |
| Value | |
| North Carolina (continued) | |
| | | |
| | |
| North Carolina Medical Care Commission Retirement Facilities (RB) | |
| | | |
| | |
| 5.00%, 10/01/34 (c) | |
$ | 670 | | |
$ | 726,848 | |
| 5.00%, 10/01/35 (c) | |
| 565 | | |
| 611,474 | |
| 5.38%, 10/01/45 (c) | |
| 810 | | |
| 834,485 | |
| 5.62%, 10/01/55 (c) | |
| 360 | | |
| 366,036 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage (RB) 5.00%, 10/01/33 (c) | |
| 1,000 | | |
| 1,081,590 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage, Deerfield Episcopal Retirement Community Project, Series B-4 (RB) 3.20%, 11/01/30 (c) | |
| 2,500 | | |
| 2,489,091 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage, Deerfield Episcopal Retirement Community Project, Series A (RB) 5.25%, 11/01/56 (c) | |
| 2,000 | | |
| 2,010,873 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage, Deerfield Episcopal Retirement Community Project, Series B-3 (RB) 3.45%, 11/01/30 (c) | |
| 1,750 | | |
| 1,742,409 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage, Salemtowne Project (RB) 5.38%, 10/01/45 (c) | |
| 1,760 | | |
| 1,759,968 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage, Salemtowne Project, Series A (RB) 5.00%, 10/01/48 (c) | |
| 1,945 | | |
| 1,823,510 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage, Series A (RB) 5.25%, 11/01/46 (c) | |
| 3,955 | | |
| 4,101,112 | |
North Carolina Medical Care Commission, Affordable Senior Housing Foundation, Series A (RB) 7.00%, 11/01/55 (c) | |
| 500 | | |
| 507,319 | |
| North Carolina Medical Care Commission, Retirement Facilities (RB) | |
| | | |
| | |
| 5.00%, 10/01/31 (c) | |
| 3,530 | | |
| 3,544,700 | |
| 5.00%, 10/01/37 (c) | |
| 1,140 | | |
| 1,142,497 | |
| 5.25%, 12/01/54 (c) | |
| 1,000 | | |
| 1,016,201 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| North Carolina (continued) | |
| | | |
| | |
North Carolina Medical Care Commission, Retirement Facilities First Mortgage, Penick Village Project, Series B-3 (RB) 4.25%, 09/01/28 (c) | |
$ | 500 | | |
$ | 501,082 | |
| North Carolina Medical Care Commission, Retirement Facilities, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/30 (c) | |
| 165 | | |
| 165,637 | |
| 5.50%, 09/01/54 (c) | |
| 1,485 | | |
| 1,488,628 | |
North Carolina Medical Care Commission, Retirement Facilities, Series A (RB) (AG) 5.00%, 07/01/49 (c) | |
| 385 | | |
| 367,194 | |
North Carolina Medical Care Commission, Salemtowne Project (RB) 5.25%, 10/01/37 (c) | |
| 465 | | |
| 465,237 | |
North Carolina Turnpike Authority (RB) (AG) 4.00%, 01/01/55 (c) | |
| 1,625 | | |
| 1,473,032 | |
| North Carolina Turnpike Authority Triangle Expressway System Senior Lien (RB) | |
| | | |
| | |
| 5.00%, 01/01/30 (c) | |
| 1,000 | | |
| 1,013,165 | |
| 5.00%, 01/01/40 (c) | |
| 5,000 | | |
| 5,155,146 | |
North Carolina Turnpike Authority, Triangle Expressway System (RB) 5.00%, 01/01/49 (c) | |
| 1,430 | | |
| 1,447,442 | |
| North Carolina Turnpike Authority, Triangle Expressway System, Series B (RB) (AG) | |
| | | |
| | |
| 5.00%, 01/01/32 (c) | |
| 600 | | |
| 629,779 | |
| 5.00%, 01/01/36 (c) | |
| 1,000 | | |
| 1,040,522 | |
| | |
| | | |
| 39,023,624 | |
| North Dakota: 0.1% | |
| | | |
| | |
City of Grand forks, Altru Health System (RB) 5.00%, 12/01/32 (c) | |
| 2,000 | | |
| 2,102,892 | |
| City of Williston, Eagle Crest Apartments LLC Project (RB) | |
| | | |
| | |
| 6.25%, 09/01/23 (d) * | |
| 405 | | |
| 15,435 | |
| 7.75%, 09/01/38 (c) (d) * | |
| 846 | | |
| 32,251 | |
County of Grand forks, Red River Biorefinery, LLC Project, Series A (RB) 7.00%, 12/15/43 (c) (d) * | |
| 5,500 | | |
| 55 | |
| County of Ward, North Dakota Health Care Facilities, Series C (RB) | |
| | | |
| | |
| 5.00%, 06/01/43 (c) | |
| 1,000 | | |
| 956,250 | |
| 5.00%, 06/01/48 (c) | |
| 3,000 | | |
| 2,655,759 | |
| | |
| | | |
| 5,762,642 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Ohio: 2.9% | |
| | | |
| | |
Akron Bath Copley Joint Township Hospital District, Summa Health System (RB) 5.25%, 11/15/41 (c) | |
$ | 500 | | |
$ | 506,607 | |
Brunswick City School District, Classroom Facilities and School Improvement (GO) (BAM) 5.25%, 12/01/53 (c) | |
| 2,000 | | |
| 2,081,062 | |
Buckeye Tobacco Settlement Financing Authority, Series B-2 (RB) 5.00%, 06/01/55 (c) | |
| 45,655 | | |
| 36,275,317 | |
Centerville Ohio Health Care, Graceworks Lutheran Services (RB) 5.25%, 11/01/47 (c) | |
| 1,000 | | |
| 964,311 | |
City of Norwood, Rookwood Exchange Project (TA) 5.00%, 12/01/41 (c) | |
| 500 | | |
| 516,306 | |
Cleveland Cuyahoga County, Port Authority Cultural Facility, Playhouse Square Foundation Project (RB) 5.00%, 12/01/28 | |
| 500 | | |
| 510,163 | |
Cleveland-Cuyahoga County Port Authority, Series A (RB) 5.88%, 01/01/49 (c) | |
| 750 | | |
| 748,701 | |
Columbus Regional Airport Authority, Series A (RB) 5.50%, 01/01/50 (c) | |
| 3,000 | | |
| 3,167,536 | |
Columbus-Franklin County Finance Authority Multifamily Housing, Silver Birch of Columbus Project, Series A (RB) 6.05%, 01/01/46 (c) | |
| 500 | | |
| 508,420 | |
Columbus-Franklin County Finance Authority, Ohio Dominican University Project (RB) (SBG) 6.50%, 03/01/48 (c) (d) * | |
| 3,800 | | |
| 2,280,000 | |
| County of Allen, Ohio, Hospital Facilities, Bon Secours Mercy Health, Inc., Series A (RB) | |
| | | |
| | |
| 5.00%, 11/01/33 | |
| 3,000 | | |
| 3,376,249 | |
| 5.00%, 11/01/34 | |
| 1,000 | | |
| 1,131,855 | |
County of Butler, Ohio Hospital (RB) 5.00%, 11/15/32 (c) | |
| 1,035 | | |
| 1,052,757 | |
| County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB) | |
| | | |
| | |
| 4.75%, 02/15/47 (c) | |
| 340 | | |
| 318,925 | |
| 5.25%, 02/15/47 (c) | |
| 5,000 | | |
| 5,001,401 | |
| 5.50%, 02/15/52 (c) | |
| 1,225 | | |
| 1,225,644 | |
| 5.50%, 02/15/57 (c) | |
| 3,000 | | |
| 3,000,364 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Ohio
(continued) | |
| | | |
| | |
County of Hamilton, Ohio Hospital Facilities (RB) 5.50%, 08/01/51 (c) | |
$ | 1,000 | | |
$ | 1,019,081 | |
County of Lucas, Ohio Hospital, Promedica Healthcare, Series A (RB) (AG) 5.25%, 11/15/48 (c) | |
| 9,000 | | |
| 8,942,104 | |
| County of Montgomery, Premier Health Partners, Series A (RB) | |
| | | |
| | |
| 4.00%, 11/15/42 (c) | |
| 3,940 | | |
| 3,611,363 | |
| 4.00%, 11/15/45 (c) | |
| 1,250 | | |
| 1,091,212 | |
| Development Finance Authority of Summit County Student Housing, Prg - Akron Properties Llc – The University of Akron Project, Series A (RB) (BAM) | |
| | | |
| | |
| 5.00%, 07/01/45 (c) | |
| 750 | | |
| 776,251 | |
| 5.50%, 07/01/60 (c) | |
| 1,000 | | |
| 1,037,658 | |
Hamilton County, Ohio Healthcare Improvement (RB) 5.50%, 01/01/55 (c) | |
| 1,000 | | |
| 1,017,449 | |
Jefferson County Port Authority, JSW Steel USA Inc. Project (RB) 3.50%, 12/01/51 (c) | |
| 1,000 | | |
| 812,740 | |
| Muskingum County, Ohio Hospital Facilities, Genesis HealthCare System Project (RB) | |
| | | |
| | |
| 5.00%, 02/15/33 (c) | |
| 490 | | |
| 490,377 | |
| 5.00%, 02/15/44 (c) | |
| 1,750 | | |
| 1,749,941 | |
Ohio Air Quality Development Authority State of Ohio Air Quality Revenue, Ohio Valley Electric Corporation Project, Series A (RB) 3.88%, 01/01/36 (c) | |
| 1,500 | | |
| 1,497,438 | |
Ohio Air Quality Development Authority State of Ohio Air Quality Revenue, Ohio Valley Electric Corporation Project, Series B (RB) 4.35%, 06/30/40 (c) | |
| 2,000 | | |
| 2,004,192 | |
Ohio Air Quality Development Authority, American Electric Power Co., Series D (RB) 3.70%, 10/01/28 | |
| 1,500 | | |
| 1,511,003 | |
Ohio Air Quality Development Authority, AMG Vanadium Project (RB) 5.00%, 07/01/49 (c) | |
| 11,000 | | |
| 10,028,753 | |
Ohio Air Quality Development Authority, Dayton Co. Project, Series B (RB) 4.25%, 11/01/40 (p) | |
| 2,000 | | |
| 2,022,892 | |
| | |
Par
(000’s | ) | |
Value | |
| Ohio
(continued) | |
| | |
| |
Ohio Air Quality Development Authority, Duke Energy Corp. Project, Series B (RB) 4.25%, 11/01/39 (p) | |
$ | 1,000 | | |
$ | 1,008,573 | |
Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%, 09/01/29 | |
| 2,750 | | |
| 2,735,372 | |
| Ohio Air Quality Development Authority, Pratt Paper LLC Project (RB) | |
| | | |
| | |
| 4.25%, 01/15/38 (c) | |
| 1,000 | | |
| 990,628 | |
| 4.50%, 01/15/48 (c) | |
| 2,000 | | |
| 1,858,385 | |
Ohio Airport Special Revenue, Continental Airlines, Inc. Project (RB) 5.38%, 09/15/27 (c) | |
| 5,000 | | |
| 5,007,166 | |
Ohio Housing Finance Agency Multifamily Housing, Series A (RB) 6.10%, 01/01/46 (c) | |
| 500 | | |
| 510,248 | |
Ohio Housing Finance Agency, Multifamily Housing, Haven’s Edge Apartments Project, Series A (RB) 5.70%, 08/01/43 (c) | |
| 2,000 | | |
| 2,103,345 | |
| Ohio Housing Finance Agency, Multifamily Housing, Series A (RB) | |
| | | |
| | |
| 6.25%, 01/01/45 (c) | |
| 250 | | |
| 260,677 | |
| 6.25%, 01/01/45 (c) | |
| 250 | | |
| 260,676 | |
| 6.25%, 01/01/45 (c) | |
| 250 | | |
| 260,676 | |
| 6.50%, 01/01/45 (c) | |
| 500 | | |
| 521,109 | |
| Ohio Housing Finance Agency, Series A (RB) | |
| | | |
| | |
| 6.30%, 01/01/45 (c) | |
| 500 | | |
| 514,199 | |
| 6.30%, 01/01/45 (c) | |
| 250 | | |
| 257,100 | |
Ohio State University, Series A (RB) 3.00%, 12/01/44 (c) | |
| 3,790 | | |
| 3,070,676 | |
Ohio University, Series A (RB) 5.00%, 12/01/45 (c) | |
| 1,250 | | |
| 1,260,629 | |
Port of Greater Cincinnati Development Authority (RB) 6.50%, 01/01/45 (c) | |
| 500 | | |
| 525,697 | |
| Southeastern Ohio Port Authority, Hospital Facilities, Memorial Health System Project (RB) | |
| | | |
| | |
| 5.00%, 12/01/35 (c) | |
| 245 | | |
| 239,206 | |
| 5.00%, 12/01/43 (c) | |
| 1,240 | | |
| 1,135,996 | |
| 5.50%, 12/01/43 (c) | |
| 70 | | |
| 68,418 | |
| | |
| | | |
| 122,866,848 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Oklahoma:
1.0% | |
| | |
| |
Atoka Industrial Development Authority Solid Waste Disposal Facilities, Gladieux Metals Recycling Oklahoma, LLC Project (RB) 8.00%, 08/01/39 (c) (d) * | |
$ | 1,000 | | |
$ | 50,000 | |
| Norman Regional Hospital Authority (RB) | |
| | | |
| | |
| 3.25%, 09/01/38 (c) | |
| 340 | | |
| 233,550 | |
| 4.00%, 09/01/45 (c) | |
| 1,000 | | |
| 684,663 | |
Oklahoma County Finance Authority (RB) 6.50%, 06/15/64 (c) | |
| 1,250 | | |
| 1,240,770 | |
Oklahoma Development Finance Authority (RB) 5.00%, 07/01/35 (c) | |
| 1,100 | | |
| 1,092,111 | |
Oklahoma Development Finance Authority, Oklahoma City University Project (RB) 5.00%, 08/01/44 (c) | |
| 4,305 | | |
| 4,145,723 | |
| Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB) | |
| | | |
| | |
| 5.00%, 08/15/33 (c) | |
| 700 | | |
| 715,182 | |
| 5.25%, 08/15/43 (c) | |
| 2,900 | | |
| 2,926,202 | |
| 5.25%, 08/15/48 (c) | |
| 11,000 | | |
| 10,872,302 | |
| Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB) (AG) | |
| | | |
| | |
| 5.50%, 08/15/52 (c) | |
| 4,695 | | |
| 4,688,565 | |
| 5.50%, 08/15/57 (c) | |
| 9,890 | | |
| 9,769,439 | |
Oklahoma Municipal Power Authority, Power Supply System, Series A (RB) (AG) 5.25%, 01/01/51 (c) | |
| 1,500 | | |
| 1,595,060 | |
Rogers County Industrial Development Authority (RB) 3.62%, 04/01/40 (c) | |
| 375 | | |
| 326,298 | |
Tulsa Municipal Airport Trust, American Airlines, Inc., Series B (RB) 5.50%, 06/01/35 (c) | |
| 3,500 | | |
| 3,500,276 | |
| | |
| | | |
| 41,840,141 | |
| Oregon:
0.3% | |
| | | |
| | |
| Hospital Facility Authority of the City of Albany, Oregon, Mennonite Village Project, Series A (RB) | |
| | | |
| | |
| 5.38%, 05/15/54 (c) | |
| 1,000 | | |
| 1,011,305 | |
| 5.38%, 05/15/61 (c) | |
| 1,000 | | |
| 1,006,358 | |
Hospital Facility Authority of the City of Albany, Oregon, Mennonite Village Project, Series B-2 (RB) 3.45%, 11/15/30 (c) | |
| 1,270 | | |
| 1,269,750 | |
| | |
Par
(000’s | ) | |
Value | |
| Oregon
(continued) | |
| | |
| |
Hospital Facility Authority of the City of Albany, Oregon, Mennonite Village Project, Series B-3 (RB) 3.20%, 11/15/29 (c) | |
$ | 1,000 | | |
$ | 999,611 | |
Multnomah County, Oregon Hospital Facilities Authority, Parkview Project, Series A (RB) (AG) 4.00%, 12/01/36 (c) | |
| 1,000 | | |
| 956,058 | |
| Oregon State Facilities Authority (RB) | |
| | | |
| | |
| 5.50%, 06/15/45 (c) | |
| 475 | | |
| 483,568 | |
| 5.62%, 06/15/55 (c) | |
| 810 | | |
| 804,645 | |
| 6.00%, 06/15/65 (c) | |
| 1,000 | | |
| 1,013,879 | |
| Oregon State Facilities Authority, Samaritan Health Services Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/35 (c) | |
| 2,260 | | |
| 2,261,467 | |
| 5.00%, 10/01/46 (c) | |
| 1,000 | | |
| 995,145 | |
| | |
| | | |
| 10,801,786 | |
| Pennsylvania:
3.0% | |
| | | |
| | |
| Adams County General Authority, Brethren Home Community Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/34 (c) | |
| 250 | | |
| 263,485 | |
| 5.00%, 06/01/59 (c) | |
| 1,000 | | |
| 953,048 | |
Allegheny County Airport Authority, Pittsburgh International Airport, Series A (RB) (AG) 5.50%, 01/01/48 (c) | |
| 1,410 | | |
| 1,482,133 | |
| Allentown Neighborhood Improvement Zone Development Authority (RB) | |
| | | |
| | |
| 5.00%, 05/01/28 | |
| 620 | | |
| 641,339 | |
| 5.00%, 05/01/28 | |
| 425 | | |
| 433,095 | |
| 5.00%, 05/01/32 (c) | |
| 250 | | |
| 251,866 | |
| 5.00%, 05/01/33 (c) | |
| 250 | | |
| 256,480 | |
| 5.00%, 05/01/42 (c) | |
| 1,960 | | |
| 2,032,230 | |
| 5.00%, 05/01/42 (c) | |
| 2,245 | | |
| 2,251,644 | |
| 5.00%, 05/01/42 (c) | |
| 2,000 | | |
| 2,003,030 | |
| 5.38%, 05/01/42 (c) | |
| 4,000 | | |
| 4,050,746 | |
Allentown Neighborhood Improvement Zone Development Authority Tax (RB)
5.50%, 05/01/32 | |
| 2,000 | | |
| 2,151,928 | |
Berks County Municipal Authority, Tower Health Project, Series A-3 (RB)
5.00%, 06/30/39 (c) | |
| 10,064 | | |
| 9,461,814 | |
Berks County Municipal Authority, Tower Health Project, Series B-1 (RB)
6.00%, 06/30/44 (c) | |
| 1,279 | | |
| 960,856 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania
(continued) | |
| | |
| |
| Bucks County Industrial Development Authority Hospital (RB) | |
| | |
| |
| 4.00%, 07/01/46 (c) | |
$ | 2,500 | | |
$ | 2,243,886 | |
| 5.00%, 07/01/40 (c) | |
| 1,250 | | |
| 1,291,755 | |
Chambersgurg Area Municipal Authority (RB) 6.00%, 10/01/48 (c) | |
| 1,000 | | |
| 948,417 | |
Chester County Health and Education Facilities Authority, Immaculata University Project (RB) 5.00%, 11/01/46 (c) | |
| 430 | | |
| 374,376 | |
Chester County Industrial Development Authority, Collegium Charter School Project, Series A (RB) 5.25%, 10/15/47 (c) | |
| 1,250 | | |
| 1,131,641 | |
| Chester County Industrial Development Authority, Woodland at Greystone Project (SA) | |
| | | |
| | |
| 5.00%, 03/01/38 (c) | |
| 765 | | |
| 769,686 | |
| 5.12%, 03/01/48 (c) | |
| 1,423 | | |
| 1,422,314 | |
City of Philadelphia Airport Revenue (RB) 5.00%, 07/01/47 (c) | |
| 3,000 | | |
| 3,005,097 | |
City of Philadelphia Airport Revenue (RB) (AG) 4.00%, 07/01/46 (c) | |
| 1,750 | | |
| 1,596,095 | |
| Crawford County Hospital Authority, Meadville Medical Center Project, Series A (RB) | |
| | | |
| | |
| 6.00%, 06/01/46 (c) | |
| 440 | | |
| 440,144 | |
| 6.00%, 06/01/51 (c) | |
| 345 | | |
| 345,008 | |
| Cumberland County Municipal Authority (RB) | |
| | | |
| | |
| 4.00%, 01/01/33 (c) | |
| 125 | | |
| 125,014 | |
| 5.00%, 01/01/45 (c) | |
| 3,000 | | |
| 2,929,089 | |
Cumberland County Municipal Authority, Pennsylvania, Asbury Pennsylvania Obligated Group (RB) 5.00%, 01/01/39 (c) | |
| 715 | | |
| 719,050 | |
Delaware County Industrial Development Authority, Chester Community Charter School Project, Series A (RB) 5.12%, 06/01/46 (c) | |
| 395 | | |
| 385,166 | |
Delaware Valley, Pennsylvania Regional Finance Authority, Series A (RB) (AMBAC) 5.50%, 08/01/28 | |
| 1,835 | | |
| 1,941,585 | |
Erie Pennsylvania Higher Education Building Authority, Mercyhurst University Project (RB) 5.00%, 09/15/37 (c) | |
| 1,000 | | |
| 922,063 | |
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania
(continued) | |
| | |
| |
| Franklin County Industrial Development Authority, Menno-Haven, Inc. Project (RB) | |
| | |
| |
| 5.00%, 12/01/49 (c) | |
$ | 500 | | |
$ | 450,785 | |
| 5.00%, 12/01/54 (c) | |
| 215 | | |
| 189,093 | |
Lancaster County Hospital Authority, Brethren Village Project (RB) 5.12%, 07/01/37 (c) | |
| 1,000 | | |
| 1,000,620 | |
| Lancaster County Hospital Authority, St. Anne’s Retirement Community, Inc. Project (RB) | |
| | | |
| | |
| 5.00%, 03/01/40 (c) | |
| 425 | | |
| 414,849 | |
| 5.00%, 03/01/45 (c) | |
| 310 | | |
| 284,822 | |
| 5.00%, 03/01/50 (c) | |
| 425 | | |
| 365,695 | |
Monroe County Industrial Development Authority (TA) 5.00%, 07/01/33 | |
| 250 | | |
| 254,234 | |
Montgomery County Higher Education and Health Authority, Holy Redeemer Health System, Series A (RB) 5.00%, 10/01/40 (c) | |
| 5,150 | | |
| 4,520,536 | |
Montgomery County Higher Education and Health Authority, Presbytery Homes, Inc. Project (RB) 5.00%, 12/01/47 (c) | |
| 2,000 | | |
| 1,965,827 | |
Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series B (RB) 5.00%, 05/01/47 (c) | |
| 1,800 | | |
| 1,828,635 | |
Montgomery County Industrial Development Authority, Series A (RB) 4.10%, 04/01/53 (p) | |
| 2,500 | | |
| 2,558,391 | |
Montgomery County Industrial Development Authority, Series B (RB) 4.10%, 06/01/29 | |
| 6,040 | | |
| 6,228,292 | |
| Montgomery County Industrial Development Authority, Whitemarsh Continuing Care Retirement Community Project (RB) | |
| | | |
| | |
| 5.00%, 01/01/30 (c) | |
| 125 | | |
| 125,096 | |
| 5.25%, 01/01/40 (c) | |
| 870 | | |
| 870,439 | |
| Moon Industrial Development Authority, Baptist Homes Society (RB) | |
| | | |
| | |
| 5.62%, 07/01/30 (c) | |
| 300 | | |
| 300,276 | |
| 6.00%, 07/01/45 (c) | |
| 590 | | |
| 590,007 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania
(continued) | |
| | |
| |
Northampton County Industrial Development Authority, Morningstar Senior Living, Inc. Project (RB) 5.00%, 11/01/39 (c) | |
$ | 1,000 | | |
$ | 1,001,975 | |
Pennsylvania Economic Development Financing Authority, Penndot Major Bridges Package One Project (RB) 6.00%, 06/30/61 (c) | |
| 7,000 | | |
| 7,383,019 | |
Pennsylvania Economic Development Financing Authority, Covanta Project, Series A (RB) 3.25%, 08/01/39 (c) | |
| 8,595 | | |
| 6,642,278 | |
| Pennsylvania Economic Development Financing Authority, Penndot Major Bridges Package One Project (RB) | |
| | | |
| | |
| 5.00%, 06/30/32 | |
| 1,000 | | |
| 1,082,355 | |
| 5.25%, 06/30/53 (c) | |
| 2,000 | | |
| 2,008,451 | |
| 5.50%, 06/30/40 (c) | |
| 3,000 | | |
| 3,229,633 | |
| Pennsylvania Economic Development Financing Authority, Penndot Major Bridges Package One Project (RB) (AG) | |
| | | |
| | |
| 5.00%, 12/31/57 (c) | |
| 8,780 | | |
| 8,776,326 | |
| 5.50%, 06/30/42 (c) | |
| 1,805 | | |
| 1,958,312 | |
| Pennsylvania Economic Development Financing Authority, Pennsylvania Rapid Bridge Replacement Project (RB) | |
| | | |
| | |
| 5.00%, 12/31/26 (c) | |
| 1,485 | | |
| 1,488,641 | |
| 5.00%, 12/31/28 (c) | |
| 575 | | |
| 576,345 | |
| 5.00%, 12/31/30 (c) | |
| 410 | | |
| 410,883 | |
| 5.00%, 06/30/42 (c) | |
| 6,945 | | |
| 6,947,695 | |
| Pennsylvania Economic Development Financing Authority, Tapestry Moon Senior Housing Project, Series A (RB) | |
| | | |
| | |
| 6.50%, 12/01/38 (c) (d) * | |
| 3,040 | | |
| 364,800 | |
| 6.75%, 12/01/53 (c) (d) * | |
| 6,470 | | |
| 776,400 | |
Pennsylvania Economic Development Financing Authority, The Penndot Major Bridges Package One Project (RB) 5.50%, 06/30/43 (c) | |
| 400 | | |
| 424,562 | |
Pennsylvania Higher Educational Facilities Authority, Drexel University (RB) 5.00%, 05/01/36 | |
| 500 | | |
| 542,641 | |
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania
(continued) | |
| | |
| |
| Pennsylvania Higher Educational Facilities Authority, La Salle University (RB) | |
| | |
| |
| 5.00%, 05/01/37 (c) | |
$ | 1,915 | | |
$ | 1,384,055 | |
| 5.00%, 05/01/42 (c) | |
| 1,000 | | |
| 660,883 | |
Pennsylvania Higher Educational Facilities Authority, University of Sciences (RB) 5.00%, 11/01/42 (c) | |
| 405 | | |
| 405,038 | |
Philadelphia Authority for Industrial Development, Charter School Project (RB) 5.00%, 06/15/43 (c) | |
| 1,000 | | |
| 1,002,637 | |
Philadelphia Authority for Industrial Development, Independence Charter School West Project (RB) 5.00%, 06/15/39 (c) | |
| 355 | | |
| 353,350 | |
Philadelphia Authority for Industrial Development, KIPP Philadelphia Charter School Project, Series B (RB) (AG) 5.00%, 04/01/46 (c) | |
| 1,000 | | |
| 782,703 | |
Philadelphia Authority for Industrial Development, La Salle University (RB) 4.00%, 05/01/42 (c) | |
| 2,000 | | |
| 1,153,270 | |
| Philadelphia Authority for Industrial Development, Performing Arts, String Theory Charter School Project (RB) | |
| | | |
| | |
| 5.00%, 06/15/40 (c) | |
| 500 | | |
| 500,977 | |
| 5.00%, 06/15/50 (c) | |
| 1,000 | | |
| 929,575 | |
Philadelphia Authority for Industrial Development, TECH Freire Charter School, Series A (RB) 5.50%, 06/01/49 (c) | |
| 2,000 | | |
| 1,778,524 | |
Philadelphia Authority for Industrial Development, Wesley Enhanced Living Obligation Group, Series A (RB) 5.00%, 07/01/32 (c) | |
| 735 | | |
| 739,055 | |
Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System (RB) 5.00%, 07/01/33 (c) | |
| 1,000 | | |
| 1,009,221 | |
| Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/31 (c) | |
| 1,240 | | |
| 1,254,329 | |
| 5.00%, 07/01/32 (c) | |
| 220 | | |
| 222,291 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania
(continued) | |
| | |
| |
Scranton-Lackawanna, Pennsylvania Health and Welfare Authority (RB) 5.00%, 06/01/36 (c) | |
$ | 1,500 | | |
$ | 1,415,038 | |
| | |
| | | |
| 126,936,939 | |
| Puerto
Rico: 6.1% | |
| | | |
| | |
Children’s Trust Fund, Series A (RB) 0.00%, 05/15/57 (c) ^ | |
| 200,000 | | |
| 9,714,400 | |
Cofina Class 2 Trust (RB) (AMBAC) 0.00%, 08/01/47 ^ | |
| 77 | | |
| 25,305 | |
| Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/30 | |
| 9,500 | | |
| 9,891,509 | |
| 5.00%, 07/01/37 (c) | |
| 6,290 | | |
| 6,559,424 | |
| 5.00%, 07/01/47 (c) | |
| 5,000 | | |
| 4,971,365 | |
| Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/29 | |
| 3,000 | | |
| 3,098,930 | |
| 5.00%, 07/01/37 (c) | |
| 3,365 | | |
| 3,488,171 | |
| Puerto Rico Commonwealth, Series A-1 (GO) | |
| | | |
| | |
| 0.00%, 07/01/33 (c) ^ | |
| 17,588 | | |
| 12,761,584 | |
| 4.00%, 07/01/41 (c) | |
| 8,380 | | |
| 7,852,351 | |
| 4.00%, 07/01/46 (c) | |
| 109 | | |
| 95,028 | |
| Puerto Rico Commonwealth, Series A-1 (GO) (BAM) | |
| | | |
| | |
| 4.00%, 07/01/33 (c) | |
| 13,570 | | |
| 13,562,164 | |
| 4.00%, 07/01/35 (c) | |
| 12,538 | | |
| 12,434,767 | |
| 4.00%, 07/01/37 (c) | |
| 9,000 | | |
| 8,767,432 | |
| 5.62%, 07/01/27 | |
| 9,000 | | |
| 9,167,645 | |
| 5.75%, 07/01/31 | |
| 10,055 | | |
| 10,875,458 | |
| Puerto Rico Electric Power Authority (RB) (NATL) | |
| | | |
| | |
| 5.25%, 07/01/30 | |
| 2,705 | | |
| 2,737,362 | |
| 5.25%, 07/01/32 | |
| 450 | | |
| 454,121 | |
| 5.25%, 07/01/33 | |
| 1,000 | | |
| 1,004,747 | |
| 5.25%, 07/01/34 | |
| 2,740 | | |
| 2,745,793 | |
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, University Plaza Project, Series A (RB) (NATL) 5.00%, 07/01/33 (c) | |
| 20 | | |
| 20,012 | |
| Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) | |
| | | |
| | |
| 0.00%, 07/01/46 (c) ^ | |
| 114,423 | | |
| 40,990,632 | |
| 4.50%, 07/01/34 (c) | |
| 2,800 | | |
| 2,800,160 | |
| 5.00%, 07/01/58 (c) | |
| 20,267 | | |
| 19,752,308 | |
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AG) 4.55%, 07/01/40 (c) | |
| 10,414 | | |
| 10,429,786 | |
| | |
Par
(000’s | ) | |
Value | |
| Puerto
Rico (continued) | |
| | |
| |
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AMBAC) 4.75%, 07/01/53 (c) | |
$ | 27,216 | | |
$ | 26,032,098 | |
| Puerto Rico Sales Tax Financing Corp., Series A-2 (RB) | |
| | | |
| | |
| 4.33%, 07/01/40 (c) | |
| 12,145 | | |
| 12,037,659 | |
| 4.55%, 07/01/40 (c) | |
| 6,432 | | |
| 6,441,750 | |
| 4.78%, 07/01/58 (c) | |
| 5,000 | | |
| 4,779,905 | |
| Puerto Rico Sales Tax Financing Corp., Series B-1 (RB) | |
| | | |
| | |
| 4.75%, 07/01/53 (c) | |
| 3,334 | | |
| 3,188,970 | |
| 5.00%, 07/01/58 (c) | |
| 3,000 | | |
| 2,905,524 | |
Puerto Rico Sales Tax Rev Restructed BDS Cofina A-1 (RB) 0.00%, 07/01/51 (c) ^ | |
| 15,151 | | |
| 3,972,430 | |
| | |
| | | |
| 253,558,790 | |
| Rhode
Island: 0.3% | |
| | | |
| | |
Rhode Island Health and Educational Building Corp. (RB) (AG) 5.00%, 07/01/65 (c) | |
| 1,250 | | |
| 1,236,718 | |
| Rhode Island Health and Educational Building Corp., Care New England, Series B (RB) | |
| | | |
| | |
| 5.00%, 09/01/26 | |
| 100 | | |
| 100,165 | |
| 5.00%, 09/01/31 (c) | |
| 500 | | |
| 500,472 | |
| 5.00%, 09/01/36 (c) | |
| 3,750 | | |
| 3,749,877 | |
| Rhode Island Health and Educational Building Corp., Lifespan (RB) | |
| | | |
| | |
| 5.00%, 05/15/33 (c) | |
| 1,000 | | |
| 1,000,850 | |
| 5.00%, 05/15/39 (c) | |
| 2,215 | | |
| 2,216,884 | |
Rhode Island Health and Educational Building Corporation Hospital Financing, Brown University Health Obligated Group Issue, Series B (RB) 5.00%, 05/15/31 (c) | |
| 3,500 | | |
| 3,782,029 | |
| | |
| | | |
| 12,586,995 | |
| South
Carolina: 0.6% | |
| | | |
| | |
Berkeley County, South Carolina Nexton Improvement District (SA) 4.38%, 11/01/49 (c) | |
| 800 | | |
| 707,612 | |
Goose Creek, South Carolina Carnes Crossroads Improvement District (SA) 5.25%, 10/01/45 (c) | |
| 500 | | |
| 508,309 | |
Piedmont Municipal Power Agency, South Carolina Electric, Series C (RB) 5.00%, 01/01/34 (c) | |
| 1,000 | | |
| 1,008,929 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| South
Carolina (continued) | |
| | |
| |
South Carolina Jobs, Economic Development Authority Hospital Facilities, Bon Second Mercy Health, Inc., Series A (RB) 5.25%, 11/01/44 (c) | |
$ | 500 | | |
$ | 540,014 | |
South Carolina Jobs, Economic Development Authority Hospital Facilities, Bon Second Mercy Health, Inc., Series B (RB) 5.00%, 11/01/49 (c) (p) | |
| 1,000 | | |
| 1,121,347 | |
| South Carolina Jobs-Economic Development Authority (RB) | |
| | | |
| | |
| 5.75%, 12/01/60 (c) | |
| 1,000 | | |
| 996,632 | |
| 5.80%, 12/01/50 (c) | |
| 1,000 | | |
| 1,014,126 | |
| 7.15%, 08/15/55 (c) | |
| 500 | | |
| 519,391 | |
South Carolina Jobs-Economic Development Authority Educational Facilities, Series A (RB) 5.50%, 06/15/33 (c) | |
| 2,000 | | |
| 1,972,682 | |
South Carolina Jobs-Economic Development Authority Entrance Fee Principal, Wesley Commons Project, Series B (RB) 3.88%, 10/01/30 | |
| 500 | | |
| 500,030 | |
South Carolina Jobs-Economic Development Authority Health Facilities, Series B-3 (RB) 4.00%, 12/01/30 | |
| 1,250 | | |
| 1,253,262 | |
South Carolina Jobs-Economic Development Authority, Beaufort Memorial Hospital & South of Broad Healthcare Project (RB) 5.75%, 11/15/54 (c) | |
| 1,000 | | |
| 1,010,178 | |
South Carolina Jobs-Economic Development Authority, Educational Facilities (RB) 6.50%, 06/15/54 (c) | |
| 1,000 | | |
| 1,004,237 | |
| South Carolina Jobs-Economic Development Authority, Hampton Medical Center Project (RB) | |
| | | |
| | |
| 5.00%, 11/01/33 (c) | |
| 500 | | |
| 503,140 | |
| 5.00%, 11/01/37 (c) | |
| 650 | | |
| 650,386 | |
South Carolina Jobs-Economic Development Authority, High Point Academy Project, Series A (RB) 5.75%, 06/15/49 (c) | |
| 500 | | |
| 467,965 | |
South Carolina Jobs-Economic Development Authority, South Carolina Episcopal Home at Still Hopes (RB) 5.00%, 04/01/47 (c) | |
| 3,000 | | |
| 2,867,449 | |
| | |
Par
(000’s | ) | |
Value | |
| South
Carolina (continued) | |
| | |
| |
South Carolina Jobs-Economic Development Authority, The Lutheran Homes of South Carolina, Inc. (RB) 5.00%, 05/01/43 (c) | |
$ | 320 | | |
$ | 288,237 | |
| South Carolina Jobs-Economic Development Authority, The Woodlands at Furman (RB) | |
| | | |
| | |
| 4.00%, 11/15/27 (c) | |
| 110 | | |
| 109,876 | |
| 5.25%, 11/15/37 (c) | |
| 2,000 | | |
| 2,025,959 | |
| 5.25%, 11/15/52 (c) | |
| 2,000 | | |
| 1,934,184 | |
| South Carolina Jobs-Economic Development Authority, Wesley Commons Project, Series A (RB) | |
| | | |
| | |
| 5.62%, 10/01/50 (c) | |
| 500 | | |
| 501,361 | |
| 5.62%, 10/01/60 (c) | |
| 1,185 | | |
| 1,172,970 | |
South Carolina Public Service Authority, Series A (RB) (AG) 5.00%, 12/01/55 (c) | |
| 2,000 | | |
| 2,045,425 | |
| | |
| | | |
| 24,723,701 | |
| South
Dakota: 0.1% | |
| | | |
| | |
| City of Sioux Falls, Dow Rummel Village Project (RB) | |
| | | |
| | |
| 5.00%, 11/01/42 (c) | |
| 750 | | |
| 716,798 | |
| 5.00%, 11/01/46 (c) | |
| 500 | | |
| 454,312 | |
| County of Lincoln, South Dakota Economic Development, Augustana College Association Project, Series A (RB) | |
| | | |
| | |
| 4.00%, 08/01/51 (c) | |
| 1,550 | | |
| 1,233,531 | |
| 4.00%, 08/01/56 (c) | |
| 1,410 | | |
| 1,084,139 | |
| 4.00%, 08/01/61 (c) | |
| 1,300 | | |
| 974,759 | |
South Dakota Conservancy District, Series B (RB) 5.00%, 08/01/56 (c) | |
| 1,500 | | |
| 1,564,422 | |
| | |
| | | |
| 6,027,961 | |
| Tennessee:
0.6% | |
| | | |
| | |
Bristol Industrial Development Board, Pinnacle Project, Series A (RB) 5.00%, 12/01/35 (c) | |
| 2,000 | | |
| 1,998,406 | |
Chattanooga Health, Educational and Housing Facility Board, Series A-2 (RB) 5.00%, 08/01/44 (c) | |
| 310 | | |
| 316,625 | |
| Knox County Health Educational and Housing Facility Board (RB) | |
| | | |
| | |
| 4.00%, 09/01/40 (c) | |
| 295 | | |
| 265,316 | |
| 4.00%, 09/01/47 (c) | |
| 290 | | |
| 230,404 | |
| 5.00%, 04/01/36 (c) | |
| 1,055 | | |
| 1,061,240 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Tennessee
(continued) | |
| | |
| |
Metropolitan Government of Nashville and Davidson County, Health and Educational Facilities Board, Lipscomb University Project, Series A (RB) 5.25%, 10/01/58 (c) | |
$ | 2,000 | | |
$ | 1,892,278 | |
| Metropolitan Nashville Airport Authority Airport Improvement, Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/40 (c) | |
| 1,050 | | |
| 1,143,867 | |
| 5.00%, 07/01/41 (c) | |
| 1,000 | | |
| 1,085,223 | |
| 5.00%, 07/01/42 (c) | |
| 1,050 | | |
| 1,131,457 | |
| 5.00%, 07/01/43 (c) | |
| 1,000 | | |
| 1,069,962 | |
| 5.00%, 07/01/44 (c) | |
| 1,750 | | |
| 1,856,112 | |
| 5.00%, 07/01/45 (c) | |
| 1,250 | | |
| 1,313,654 | |
| 5.00%, 07/01/46 (c) | |
| 1,250 | | |
| 1,301,664 | |
| 5.25%, 07/01/35 (c) | |
| 680 | | |
| 745,214 | |
| 5.50%, 07/01/56 (c) | |
| 1,250 | | |
| 1,312,786 | |
| Shelby County, Tennessee Health Educational and Housing Facility, Madrone Memphis Student Housing I, LLC - University of Memphis Project, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 06/01/44 (c) | |
| 500 | | |
| 503,320 | |
| 5.25%, 06/01/56 (c) | |
| 750 | | |
| 727,661 | |
Tennessee Corp. Gas Supply, Series A (RB) 5.50%, 10/01/53 (c) (p) | |
| 1,875 | | |
| 1,993,359 | |
Tennessee Energy Acquisition Corp., Gas Project, Series B (RB) 5.62%, 09/01/26 | |
| 5,000 | | |
| 5,036,605 | |
The Health and Educational Facilities Board of Rutherford County, Tennessee Student Housing, Madrone – MTSU Student Housing I, LLC Project, Series A-1 (RB) (BAM) 5.00%, 07/01/50 (c) | |
| 845 | | |
| 850,079 | |
| | |
| | | |
| 25,835,232 | |
| Texas:
5.8% | |
| | | |
| | |
Angelina and Neches River Authority, Industrial Development Corp., Solid Waste Disposal and Wastewater Treatment Facilities, Series A (RB) 7.50%, 12/01/45 (c) (d) * | |
| 1,500 | | |
| 75,000 | |
| Arlington Higher Education Finance Corp. (RB) | |
| | | |
| | |
| 5.62%, 06/15/45 (c) | |
| 2,000 | | |
| 2,055,474 | |
| 5.75%, 06/15/55 (c) | |
| 1,000 | | |
| 1,009,740 | |
| 5.88%, 06/15/65 (c) | |
| 4,000 | | |
| 4,042,019 | |
Arlington Higher Education Finance Corp., Basis Texas Charter Schools, Inc. (RB) 4.88%, 06/15/59 (c) | |
| 1,000 | | |
| 893,700 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas
(continued) | |
| | |
| |
| 5.00%, 06/15/64 (c) | |
$ | 500 | | |
$ | 449,164 | |
| Arlington Higher Education Finance Corp., Cypress Christian School (RB) | |
| | | |
| | |
| 5.75%, 06/01/43 (c) | |
| 1,000 | | |
| 1,024,486 | |
| 6.00%, 06/01/53 (c) | |
| 1,000 | | |
| 1,003,659 | |
| 6.25%, 06/01/63 (c) | |
| 1,000 | | |
| 1,006,744 | |
Arlington Higher Education Finance Corp., Legacy Traditional School - Texas Project, Series A (RB) 6.75%, 02/15/62 (c) | |
| 5 | | |
| 4,951 | |
Arlington Higher Education Finance Corp., Logos Preparatory Academy (RB) 6.12%, 06/01/56 (c) | |
| 1,000 | | |
| 954,180 | |
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) 5.00%, 01/01/33 (c) | |
| 500 | | |
| 501,769 | |
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) (SAW) 5.00%, 01/01/27 | |
| 280 | | |
| 281,442 | |
Austin Convention Enterprises, Inc., Convention Center Hotel, Second Tier, Series B (RB) 5.00%, 01/01/34 (c) | |
| 500 | | |
| 500,871 | |
| Bexar County Health Facilities Development Corp., Army Retirement Residence project (RB) | |
| | | |
| | |
| 5.00%, 07/15/37 (c) | |
| 850 | | |
| 854,926 | |
| 5.00%, 07/15/41 (c) | |
| 2,000 | | |
| 1,990,478 | |
| Board of Managers, Joint Guadalupe County, City of Seguin Hospital (RB) | |
| | | |
| | |
| 5.00%, 12/01/40 (c) | |
| 610 | | |
| 606,458 | |
| 5.00%, 12/01/45 (c) | |
| 215 | | |
| 202,977 | |
Brazoria County Industrial Development Corp., Texas Solid Waste Disposal Facilities, Gladieux Recycling, LLC Project (RB) (SAW) 8.50%, 03/01/39 (c) * | |
| 3,510 | | |
| 122,850 | |
Brazoria County Industrial Development Corp., Texas Solid Waste Disposal Facilities, Gladieux Recycling, LLC Project (RB) (SBG) 7.00%, 03/01/39 (c) (d) * | |
| 1,785 | | |
| 62,475 | |
Brooks Development Authority Senior Lien Term Rate Revenue, Series C (RB) 5.00%, 08/15/42 (c) (p) | |
| 250 | | |
| 255,781 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas
(continued) | |
| | |
| |
Brooks Development Authority Special Facilities Hotel Revenue (RB) 5.88%, 08/15/52 (c) | |
$ | 250 | | |
$ | 242,866 | |
Calhoun County Navigation Industrial Development Authority, Max Midstream Texas LLC Project, Series A (RB) 3.62%, 07/01/26 (c) | |
| 2,200 | | |
| 2,185,217 | |
Cities of Dallas and fort Worth, Texas Dallas fort Worth International Airport, Series A-1 (RB) 5.25%, 11/01/46 (c) | |
| 13,210 | | |
| 13,914,854 | |
Cities of Dallas and fort Worth, Texas Dallas fort Worth International Airport, Series A-2 (RB) 5.00%, 11/01/50 (c) (p) | |
| 5,000 | | |
| 5,263,586 | |
City of Anna, Texas, Sherley Farms Public Improvement District (SA) 5.70%, 09/15/56 (c) | |
| 500 | | |
| 500,264 | |
City of Austin, Texas Airport System Revenue (RB) 5.00%, 11/15/44 (c) | |
| 1,025 | | |
| 1,089,834 | |
City of Houston TX Airport System Revenue (RB) 5.00%, 07/15/28 | |
| 2,965 | | |
| 3,041,692 | |
City of Houston, Texas Airport System Special Facilities Revenue, Series B (RB) 5.25%, 07/15/28 | |
| 1,500 | | |
| 1,546,582 | |
| City of Houston, Texas Airport System Special Facilities Revenue, United Airlines, Inc. Terminal Improvement Projects, Series B (RB) | |
| | | |
| | |
| 5.50%, 07/15/37 (c) | |
| 1,300 | | |
| 1,382,126 | |
| 5.50%, 07/15/38 (c) | |
| 1,250 | | |
| 1,323,585 | |
City of Houston, Texas Airport System Special Facilities Revenue, United Airlines, Inc., Terminal Improvement Projects, Series B (RB) 5.25%, 07/15/30 | |
| 4,500 | | |
| 4,715,477 | |
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series A (RB) 4.00%, 07/01/41 (c) | |
| 7,500 | | |
| 6,957,856 | |
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series B-1 (RB) 4.00%, 07/15/41 (c) | |
| 21,780 | | |
| 20,202,734 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas
(continued) | |
| | |
| |
| City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series C (RB) | |
| | |
| |
| 5.00%, 07/15/27 | |
$ | 5,590 | | |
$ | 5,678,960 | |
| 5.00%, 07/15/28 | |
| 2,500 | | |
| 2,564,664 | |
| City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Terminal Improvement Projects, Series B (RB) | |
| | | |
| | |
| 5.25%, 07/15/34 | |
| 4,000 | | |
| 4,268,438 | |
| 5.50%, 07/15/37 (c) | |
| 3,000 | | |
| 3,211,400 | |
| 5.50%, 07/15/38 (c) | |
| 5,425 | | |
| 5,781,896 | |
| 5.50%, 07/15/39 (c) | |
| 4,000 | | |
| 4,232,798 | |
| City of Houston, Texas Airport System, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/32 | |
| 500 | | |
| 547,288 | |
| 5.00%, 07/01/33 | |
| 500 | | |
| 550,586 | |
| 5.00%, 07/01/34 | |
| 500 | | |
| 553,789 | |
| City of Houston, Texas, Convention & Entertainment Facilities Department, Series C (RB) (AG) | |
| | | |
| | |
| 0.00%, 09/01/49 (c) ^ | |
| 8,000 | | |
| 2,470,205 | |
| 5.50%, 09/01/58 (c) | |
| 6,500 | | |
| 6,922,368 | |
City of Lavon, Texas, A Municipal Corporation of The State of Texas Located In Collin County, Special Assessment (SA) 5.75%, 09/15/55 (c) | |
| 250 | | |
| 251,162 | |
| Clifton Higher Education Finance Corp. (RB) | |
| | | |
| | |
| 5.00%, 02/15/33 | |
| 500 | | |
| 550,693 | |
| 5.00%, 02/15/34 | |
| 750 | | |
| 831,773 | |
| 5.00%, 02/15/35 (c) | |
| 750 | | |
| 833,139 | |
Clifton Higher Education Finance Corp., Series A (RB) 6.00%, 06/15/48 (c) | |
| 1,000 | | |
| 960,385 | |
Clifton Higher Education Finance Corp., Valor Education, Series A (RB) 6.00%, 06/15/54 (c) | |
| 500 | | |
| 466,673 | |
Dallas County Flood Control District No. 1 (GO) 5.00%, 04/01/32 (c) | |
| 850 | | |
| 850,073 | |
| Dallas fort Worth, Texas International Airport, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 11/01/36 (c) | |
| 1,000 | | |
| 1,099,167 | |
| 5.25%, 11/01/44 (c) | |
| 2,000 | | |
| 2,141,647 | |
Dallas Texas Housing Finance Corp. Residential Development, The Briscoe Apartments, Series A (RB) 6.00%, 12/01/62 (c) | |
| 1,000 | | |
| 940,700 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas
(continued) | |
| | |
| |
FW Chaparral PFC Residential Development (RB) 5.00%, 10/01/35 (c) | |
$ | 500 | | |
$ | 528,292 | |
Harris County Cultural Education Facilities Finance Corporation First Mortgage, Brazos Presbyterian Homes Inc. Project, Series A (RB) 5.12%, 01/01/48 (c) | |
| 1,755 | | |
| 1,752,127 | |
Harris County, Cultural Education Facilities Finance Corp., Brazos Presbyterian Homes, Inc. Project (RB) 5.00%, 01/01/48 (c) | |
| 1,000 | | |
| 975,757 | |
| Harris County, Houston Sports Authority, Junior Lien, Series H (RB) (NATL) | |
| | | |
| | |
| 0.00%, 11/15/27 ^ | |
| 590 | | |
| 562,810 | |
| 0.00%, 11/15/29 ^ | |
| 1,405 | | |
| 1,259,778 | |
| 0.00%, 11/15/30 ^ | |
| 115 | | |
| 99,723 | |
Harris County, Houston Sports Authority, Second Lien, Series B (RB) (AG) 5.00%, 11/15/46 (c) | |
| 1,000 | | |
| 1,040,285 | |
Hunt Memorial Hospital District (GO) 4.38%, 02/15/36 | |
| 250 | | |
| 241,982 | |
Hunt Memorial Hospital District Charitable Health (GO) 6.00%, 02/15/45 (c) | |
| 500 | | |
| 511,522 | |
Lower Colorado River Authority Transmission, LCRA Transmission Services Corp. Project, Series A (RB) 5.25%, 05/15/50 (c) | |
| 1,000 | | |
| 1,056,303 | |
Matagorda County, Navigation District No. 1, Series A (RB) (AMBAC) 4.40%, 05/01/30 | |
| 1,035 | | |
| 1,076,143 | |
Matagorda County, Navigation District No. 1, Series B-1 (RB) 4.00%, 06/01/30 (c) | |
| 3,750 | | |
| 3,751,211 | |
| Mesquite Health Facility Development Corp., Christian Care Centers, Inc. Project (RB) (NATL) | |
| | | |
| | |
| 5.12%, 02/15/30 (c) (d) * | |
| 237 | | |
| 2,369 | |
| 5.12%, 02/15/42 (c) (d) * | |
| 907 | | |
| 9,069 | |
Mission Economic Development Corp., Graphic Packaging International LLC Project (RB) 5.00%, 12/01/64 (p) | |
| 2,750 | | |
| 2,864,955 | |
Mission Economic Development Corp., Senior Lien, Natgasoline Project (RB) 4.62%, 10/01/31 (c) | |
| 14,510 | | |
| 14,545,799 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas
(continued) | |
| | |
| |
Mission Texas Economic Development Corp., Series A (RB) 6.75%, 08/15/45 (c) | |
$ | 250 | | |
$ | 259,507 | |
| Montgomery County Toll Road Authority (RB) | |
| | | |
| | |
| 5.00%, 09/15/43 (c) | |
| 3,310 | | |
| 3,311,661 | |
| 5.00%, 09/15/48 (c) | |
| 5,915 | | |
| 5,915,719 | |
| New Hope Cultural Education Facilities Finance Corp. (RB) | |
| | | |
| | |
| 5.25%, 07/01/32 | |
| 250 | | |
| 251,843 | |
| 5.38%, 01/01/55 (c) | |
| 1,000 | | |
| 1,006,613 | |
| 5.38%, 01/01/60 (c) | |
| 500 | | |
| 501,186 | |
| 6.75%, 07/01/44 (c) | |
| 500 | | |
| 522,548 | |
New Hope Cultural Education Facilities Finance Corp. (RB) (BAM) 4.00%, 08/15/36 (c) | |
| 1,000 | | |
| 931,125 | |
New Hope Cultural Education Facilities Finance Corp., 4-K Housing, Inc. Stoney Brook Project, Series B (RB) 5.00%, 07/01/52 (c) | |
| 235 | | |
| 110,450 | |
New Hope Cultural Education Facilities Finance Corp., Carillon Lifecare Community Project (RB) 5.00%, 07/01/36 (c) | |
| 230 | | |
| 230,191 | |
New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center, Series A (RB) 5.00%, 08/15/59 (c) | |
| 1,500 | | |
| 1,323,374 | |
| New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center, Series B (RB) | |
| | | |
| | |
| 4.00%, 08/15/41 (c) | |
| 2,315 | | |
| 2,036,889 | |
| 5.00%, 08/15/54 (c) | |
| 1,500 | | |
| 1,341,393 | |
New Hope Cultural Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB) 5.25%, 08/15/27 (c) | |
| 75 | | |
| 73,562 | |
New Hope Cultural Education Facilities Finance Corp., Morningside Ministries Project, Series A (RB) 5.00%, 01/01/55 (c) | |
| 2,000 | | |
| 1,688,021 | |
New Hope Cultural Education Facilities Finance Corp., MRC Senior Living - The Langford Project, Series A (RB) 5.50%, 11/15/46 (c) | |
| 750 | | |
| 679,749 | |
| New Hope Cultural Education Facilities Finance Corp., NCCD-College Station Properties LLC, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/35 (c) | |
| 100 | | |
| 98,350 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas
(continued) | |
| | |
| |
| 5.00%, 07/01/47 (c) | |
$ | 440 | | |
$ | 419,323 | |
New Hope Cultural Education Facilities Finance Corp., Presbyterian Village North Project (RB) 5.25%, 10/01/49 (c) | |
| 1,000 | | |
| 980,003 | |
New Hope Cultural Education Facilities Finance Corp., Presbyterian Village North Project, Series A (RB) 5.25%, 10/01/55 (c) | |
| 1,500 | | |
| 1,434,034 | |
New Hope Cultural Education Facilities Finance Corp., Sanctuary LTC Project, Series A-1 (RB) 5.50%, 01/01/57 (c) | |
| 4,000 | | |
| 3,688,091 | |
New Hope Cultural Education Facilities Finance Corp., Superior Living Foundation Project, Series A (RB) 6.50%, 07/01/56 (c) | |
| 4,500 | | |
| 4,457,057 | |
| New Hope Cultural Education Facilities Finance Corp., Wesleyan Homes, Inc. Project (RB) | |
| | | |
| | |
| 5.00%, 01/01/50 (c) | |
| 185 | | |
| 175,350 | |
| 5.00%, 01/01/55 (c) | |
| 185 | | |
| 172,078 | |
| 5.50%, 01/01/35 (c) | |
| 1,000 | | |
| 1,001,067 | |
New Hope Cultural Education Facilities Finance Corporation Senior Living, Superior Living Foundation Project, Series A (RB) 6.25%, 07/01/45 (c) | |
| 1,450 | | |
| 1,465,087 | |
| North East Texas Regional Mobility Authority (RB) | |
| | | |
| | |
| 5.00%, 01/01/43 (c) | |
| 750 | | |
| 796,261 | |
| 5.25%, 01/01/44 (c) | |
| 1,000 | | |
| 1,073,414 | |
| 5.25%, 01/01/45 (c) | |
| 750 | | |
| 798,907 | |
| 5.25%, 01/01/46 (c) | |
| 1,000 | | |
| 1,058,569 | |
Port Beaumont Navigation District, Allegiant Industrial Island Park Project (RB) 8.00%, 02/01/39 (c) (d) * | |
| 2,725 | | |
| 1,635,000 | |
| Pottsboro Higher Education Finance Corp., Imagine International Academy of North Texas LLC, Series A (RB) | |
| | | |
| | |
| 5.00%, 08/15/36 (c) | |
| 1,055 | | |
| 1,048,406 | |
| 5.00%, 08/15/46 (c) | |
| 1,400 | | |
| 1,287,407 | |
Reagan Hospital District, Series A (GO) 5.12%, 02/01/39 (c) | |
| 1,000 | | |
| 999,919 | |
Tarrant County Cultural Education Facilities Finance Corp., Air force Villages Obligated Group Project (RB) 5.00%, 05/15/37 (c) | |
| 125 | | |
| 125,013 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas
(continued) | |
| | |
| |
Tarrant County Cultural Education Facilities Finance Corp., C.C. Young Memorial Home Project, Series A (RB) 6.38%, 02/15/48 (c) (d) * | |
$ | 535 | | |
$ | 434,687 | |
Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series B (RB) 5.00%, 07/01/48 (c) | |
| 2,500 | | |
| 2,539,317 | |
| Texas Municipal Gas Acquisition and Supply Corp. III (RB) | |
| | | |
| | |
| 5.00%, 12/15/28 | |
| 925 | | |
| 964,762 | |
| 5.00%, 12/15/29 | |
| 1,375 | | |
| 1,444,897 | |
| 5.00%, 12/15/32 | |
| 3,425 | | |
| 3,674,656 | |
| Texas Municipal Gas Acquisition and Supply Corp. V (RB) | |
| | | |
| | |
| 5.00%, 04/01/36 (c) | |
| 3,000 | | |
| 3,128,420 | |
| 5.00%, 01/01/55 (c) (p) | |
| 2,000 | | |
| 2,133,780 | |
Texas Municipal Gas Acquisition and Supply Corp. VI (RB) 5.00%, 01/01/36 (c) | |
| 3,500 | | |
| 3,698,504 | |
Texas Municipal Gas Acquisition and Supply Corp., Series D (RB) 6.25%, 12/15/26 | |
| 360 | | |
| 367,316 | |
| Texas Private Activity Bond Surface Transportation Corp., Managed Lanes Project, Series A (RB) | |
| | | |
| | |
| 4.00%, 12/31/38 (c) | |
| 4,550 | | |
| 4,456,152 | |
| 4.00%, 12/31/39 (c) | |
| 2,550 | | |
| 2,475,545 | |
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC North Tarrant Express Project (RB) 5.50%, 12/31/58 (c) | |
| 6,000 | | |
| 6,183,906 | |
| Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners Segments LLC (RB) | |
| | | |
| | |
| 5.00%, 06/30/58 (c) | |
| 4,605 | | |
| 4,566,652 | |
| 5.50%, 06/30/42 (c) | |
| 2,250 | | |
| 2,363,151 | |
| 5.50%, 06/30/43 (c) | |
| 1,000 | | |
| 1,044,865 | |
Texas Water Development Board (RB) 4.75%, 10/15/55 (c) | |
| 1,520 | | |
| 1,523,469 | |
| Town of Westlake, Solana Public Improvement District (SA) | |
| | | |
| | |
| 6.12%, 09/01/35 (c) | |
| 910 | | |
| 910,206 | |
| 6.25%, 09/01/40 (c) | |
| 910 | | |
| 911,448 | |
| 6.38%, 09/01/45 (c) | |
| 885 | | |
| 885,110 | |
| | |
| | | |
| 242,855,756 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Utah: 0.7% | |
| | | |
| | |
Arrowhead Springs Public Infrastructure District
Limited Tax (GO) 6.00%,
03/01/56 (c) | |
$ | 500 | | |
$ | 503,076 | |
Black Desert Public Infrastructure District (GO) 4.00%,
03/01/51 (c) | |
| 1,000 | | |
| 822,831 | |
| Black Ridge Infrastructure Financing District (SA) | |
| | | |
| | |
| 6.00%, 12/01/45 (c) | |
| 1,000 | | |
| 1,015,839 | |
| 6.25%, 12/01/54 (c) | |
| 1,000 | | |
| 1,008,648 | |
Fields Estates Public Infrastructure District, Series A
(GO) 6.12%,
03/01/55 (c) | |
| 500 | | |
| 503,336 | |
Fields Estates Public Infrastructure District, Series A-2
(SA) 5.25%,
12/01/53 (c) | |
| 1,000 | | |
| 983,952 | |
Grapevine Wash Local District, Grapevine Wash Assessment
Area No. 1, Series A-2 (SA) 5.25%,
12/01/44 (c) | |
| 1,000 | | |
| 996,570 | |
High Star Ranch Infrastructure Financing District, Utah
(SA) 6.25%,
12/01/55 (c) | |
| 250 | | |
| 251,557 | |
| Mida Mountain Village Public Infrastructure District (TA) | |
| | | |
| | |
| 5.12%, 06/15/54 (c) | |
| 1,000 | | |
| 1,003,586 | |
| 6.00%, 06/15/54 (c) | |
| 1,000 | | |
| 1,029,501 | |
| Mida Mountain Village Public Infrastructure District Tax Allocation Revenue, Series 2 (TA) | |
| | | |
| | |
| 5.00%, 06/01/35 (c) | |
| 370 | | |
| 297,444 | |
| 5.75%, 06/01/43 (c) | |
| 1,700 | | |
| 1,314,483 | |
| Salt Lake City, Utah Airport, Salt Lake City International Airport, Series A (RB) | |
| | | |
| | |
| 5.25%, 07/01/42 (c) | |
| 1,375 | | |
| 1,484,417 | |
| 5.25%, 07/01/48 (c) | |
| 3,000 | | |
| 3,106,772 | |
| Salt Lake City, Utah Airport, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/37 (c) | |
| 1,000 | | |
| 1,103,390 | |
| 5.00%, 07/01/47 (c) | |
| 5,000 | | |
| 5,005,686 | |
Verk Industrial Regional Public Infrastructure District
(TA) 6.62%,
09/01/47 (c) | |
| 500 | | |
| 531,326 | |
Wakara Ridge Public Infrastructure District, Special Assessment
Area (SA) 5.62%,
12/01/54 (c) | |
| 3,150 | | |
| 3,223,692 | |
Washington County, Black Desert Public Infrastructure District
(SA) 5.62%,
12/01/53 (c) | |
| 1,000 | | |
| 1,017,610 | |
Wolf Creek Infrastructure Financing District No. 1 (SA) 5.75%,
12/01/44 (c) | |
| 2,000 | | |
| 2,070,701 | |
| | |
Par
(000’s | ) | |
Value | |
| Utah (continued) | |
| | | |
| | |
Wood Ranch Public Infrastructure
District (SA) 5.88%,
12/01/55 (c) | |
$ | 250 | | |
$ | 252,837 | |
| | |
| | | |
| 27,527,254 | |
| Vermont: 0.0% | |
| | | |
| | |
Vermont Economic Development
Authority, Wake Robin Corp. Project, Series A (RB) 4.00%,
05/01/37 (c) | |
| 500 | | |
| 484,064 | |
| Virgin Islands: 0.3% | |
| | | |
| | |
| Matching Fund Special Purpose Securitization Corp., Virgin Islands, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/28 | |
| 1,000 | | |
| 1,020,463 | |
| 5.00%, 10/01/32 | |
| 5,010 | | |
| 5,214,339 | |
| 5.00%, 10/01/39 (c) | |
| 2,000 | | |
| 2,050,496 | |
Virgin Islands Hotel Development Financing Corporation,
Series A-1 (RB) 5.75%,
02/01/45 (c) | |
| 500 | | |
| 501,709 | |
Virgin Islands Public Finance Authority, Series A (RB) 6.00%,
04/01/53 (c) | |
| 2,000 | | |
| 2,007,145 | |
Virgin Islands Public Finance Authority, Virgin Islands
Gross Receipts Taxes Loan Note (RB) (NATL) 4.25%,
10/01/29 (c) | |
| 720 | | |
| 722,152 | |
Virgin Islands Public Finance Authority, Virgin Islands
Gross Receipts Taxes Loan Note, Series C (RB) 4.50%,
10/01/44 (c) | |
| 550 | | |
| 500,520 | |
Virgin Islands Public Finance Authority, Virgin Islands
Gross Receipts Taxes, Series C (RB) 5.00%,
10/01/30 (c) | |
| 800 | | |
| 802,357 | |
Virgin Islands Water &
Power Authority, Series B (RB) 5.00%,
07/01/27 (c) | |
| 170 | | |
| 164,625 | |
| | |
| | | |
| 12,983,806 | |
| Virginia: 1.9% | |
| | | |
| | |
Bristol Industrial Development Authority, Series B (RB) 6.35%,
11/01/44 (c) (d) * | |
| 250 | | |
| 160,000 | |
Cherry Hill Community Development Authority, Potomac Shores
Project (SA) 5.15%,
03/01/35 (c) | |
| 100 | | |
| 100,140 | |
| Chesapeake Bay Bridge and Tunnel District, First Tier (RB) | |
| | | |
| | |
| 5.00%, 07/01/46 (c) | |
| 5,000 | | |
| 5,000,337 | |
| 5.00%, 07/01/51 (c) | |
| 1,025 | | |
| 1,018,267 | |
City of Hopewell, Sewer System, Series A (RB) 5.00%,
07/15/33 (c) | |
| 220 | | |
| 220,111 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Virginia (continued) | |
| | | |
| | |
Economic Development Authority of Henrico County, Bon Secours
Mercy Health, Inc., Series A (RB) 5.00%,
11/01/35 | |
$ | 1,000 | | |
$ | 1,136,859 | |
Farms New Kent Community Development Authority, Series A
(SA) 3.75%,
03/01/36 (c) | |
| 2,020 | | |
| 1,969,424 | |
| Farmville Industrial Development Authority, Educational Facilities, Longwood University Student Housing
Projects, Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/50 (c) | |
| 1,500 | | |
| 1,356,776 | |
| 5.00%, 01/01/59 (c) | |
| 1,000 | | |
| 871,213 | |
Henrico County Economic Development Authority, Series A
(RB) 5.00%,
11/01/48 (c) | |
| 2,000 | | |
| 2,040,799 | |
James City County Economic Development Authority, Series
A (RB) 6.88%,
12/01/58 (c) | |
| 1,000 | | |
| 1,089,369 | |
Lynchburg Economic Development Authority, Central Health,
Inc., Series A (RB) 5.00%,
01/01/47 (c) | |
| 4,950 | | |
| 4,955,046 | |
Powhatan County Economic Development Authority (RB) 6.12%,
09/01/60 (c) | |
| 4,000 | | |
| 3,978,437 | |
Tobacco Settlement Financing Corp. (RB) 5.00%,
06/01/47 (c) | |
| 6,000 | | |
| 5,028,087 | |
Virginia Beach Development Authority (RB) 5.00%,
09/01/40 (c) | |
| 1,750 | | |
| 1,763,719 | |
| Virginia Beach Development Authority, Series A (RB) | |
| | | |
| | |
| 7.00%, 09/01/53 (c) | |
| 1,000 | | |
| 1,095,501 | |
| 7.00%, 09/01/59 (c) | |
| 6,560 | | |
| 7,150,421 | |
Virginia Small Business Financing Authority Tax-Exempt
Senior Lien Private Activity, Transform 66 P3 Project (RB) 5.00%,
12/31/52 (c) | |
| 3,000 | | |
| 2,922,510 | |
Virginia Small Business Financing Authority, 95 Express
Lanes LLC Project (RB) 5.00%,
01/01/34 (c) | |
| 2,000 | | |
| 2,129,114 | |
Virginia Small Business Financing Authority, Elizabeth River
Crossing OPCO, LLC Project (RB) 4.00%,
01/01/38 (c) | |
| 5,000 | | |
| 4,902,864 | |
| | |
Par
(000’s | ) | |
Value | |
| Virginia (continued) | |
| | | |
| | |
Virginia Small Business Financing Authority, I-495 Hot Lanes
Project (RB) 5.00%,
12/31/47 (c) | |
$ | 6,305 | | |
$ | 6,356,990 | |
Virginia Small Business Financing Authority, Residential
Care Facilities, Lifespire of Virginia (RB) (AG) 4.00%,
12/01/36 (c) | |
| 1,000 | | |
| 1,007,724 | |
| Virginia Small Business Financing Authority, Senior Lien 95 Express Lanes, LLC Project (RB) | |
| | | |
| | |
| 4.00%, 01/01/40 (c) | |
| 1,250 | | |
| 1,213,496 | |
| 4.00%, 01/01/41 (c) | |
| 1,000 | | |
| 957,990 | |
| 4.00%, 01/01/48 (c) | |
| 3,925 | | |
| 3,510,044 | |
| 5.00%, 01/01/33 (c) | |
| 2,000 | | |
| 2,149,776 | |
Virginia Small Business Financing Authority, Senior Lien
I-495 Hot Lanes Project (RB) 5.00%,
12/31/52 (c) | |
| 2,000 | | |
| 1,976,843 | |
Virginia Small Business Financing Authority, Senior Lien
Transform 66 P3 Project (RB) 5.00%,
12/31/56 (c) | |
| 5,520 | | |
| 5,349,466 | |
Virginia Small Business Financing Authority, Senior Lien,
95 Express Lanes LLC Project (RB) 4.00%,
01/01/39 (c) | |
| 2,960 | | |
| 2,904,637 | |
Virginia Small Business Financing Authority, Series A (RB) 5.50%,
12/01/54 (c) | |
| 1,000 | | |
| 1,034,713 | |
Virginia Small Business Financing Authority, Transform 66
P3 Project (RB) 5.00%,
12/31/49 (c) | |
| 1,000 | | |
| 979,204 | |
Wise County, Virginia Industrial
Development Authority, Series A (RB) 3.12%,
10/01/40 (p) | |
| 1,000 | | |
| 997,352 | |
| | |
| | | |
| 77,327,229 | |
| Washington: 1.1% | |
| | | |
| | |
King County, Washington Public Hospital District No. 4, Series A (RB)
6.62%, 12/01/45 (c) | |
| 500 | | |
| 506,561 | |
| King County, Washington Public Hospital, District No. 4, Series A (RB) | |
| | | |
| | |
| 5.50%, 12/01/35 | |
| 500 | | |
| 496,028 | |
| 7.00%, 12/01/60 (c) | |
| 1,000 | | |
| 1,012,977 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Washington (continued) | |
| | | |
| | |
Port Seattle Washington Industrial Development Corp., Delta
Air Lines, Inc. Project (RB) 5.00%,
04/01/30 (c) | |
$ | 1,800 | | |
$ | 1,802,134 | |
Washington Economic Development Finance Authority Port,
Husky Terminal Improvement Project (RB) 5.88%,
12/01/45 (c) (p) | |
| 500 | | |
| 507,869 | |
| Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) | |
| | | |
| | |
| 5.00%, 08/15/34 (c) | |
| 205 | | |
| 208,902 | |
| 5.00%, 08/15/37 (c) | |
| 1,500 | | |
| 1,523,454 | |
Washington State Convention Center Public Facilities District
(RB) 4.00%,
07/01/58 (c) | |
| 2,000 | | |
| 1,626,280 | |
Washington State Housing Finance Commission (RB) 3.50%,
12/20/35 | |
| 3,192 | | |
| 3,081,825 | |
Washington State Housing Finance Commission Nonprofit Housing
Revenue and Refunding, Horizon House Project, Series B-3 (RB) 4.38%,
01/01/33 (c) | |
| 3,000 | | |
| 2,987,646 | |
| Washington State Housing Finance Commission Nonprofit Housing Revenue, Horizon House Project, Series
A (RB) | |
| | | |
| | |
| 6.00%, 01/01/46 (c) | |
| 1,000 | | |
| 1,023,576 | |
| 6.25%, 01/01/56 (c) | |
| 2,000 | | |
| 2,023,203 | |
| Washington State Housing Finance Commission, Bayview Manor Senior Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/36 (c) | |
| 1,150 | | |
| 1,150,643 | |
| 5.00%, 07/01/46 (c) | |
| 2,150 | | |
| 2,030,479 | |
Washington State Housing Finance Commission, Blakeley and
Laurel Village, Series A (RB) (BAM) 5.25%,
07/01/55 (c) | |
| 1,500 | | |
| 1,521,743 | |
Washington State Housing Finance Commission, Eliseo Project,
Series A (RB) 4.00%,
01/01/41 (c) | |
| 3,000 | | |
| 2,466,089 | |
Washington State Housing Finance Commission, Parkshore Juanita
Bay Project, Series A (RB) 5.75%,
01/01/53 (c) | |
| 1,000 | | |
| 970,940 | |
| | |
Par
(000’s | ) | |
Value | |
| Washington (continued) | |
| | | |
| | |
| Washington State Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects,
Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/36 (c) | |
$ | 2,125 | | |
$ | 2,133,955 | |
| 5.00%, 01/01/51 (c) | |
| 3,495 | | |
| 3,219,227 | |
| Washington State Housing Finance Commission, Radford Court and Nordheim Court Portfolio (RB) | |
| | | |
| | |
| 5.00%, 07/01/54 (c) | |
| 500 | | |
| 470,632 | |
| 5.50%, 07/01/59 (c) | |
| 1,000 | | |
| 1,002,380 | |
Washington State Housing Finance Commission, Transforming
Age Projects, Series A (RB) 5.00%,
01/01/55 (c) | |
| 6,000 | | |
| 5,476,166 | |
| Washington State Housing Finance Commission, Wesley Homes at Lea Hill Project (RB) | |
| | | |
| | |
| 5.00%, 07/01/46 (c) | |
| 500 | | |
| 465,268 | |
| 5.00%, 07/01/51 (c) | |
| 5,055 | | |
| 4,491,263 | |
Washington State, Convention
Center Public Facilities District (RB) 4.00%,
07/01/31 | |
| 3,950 | | |
| 4,041,486 | |
| | |
| | | |
| 46,240,726 | |
| West Virginia: 0.2% | |
| | | |
| | |
| Harrison County Building Commission, General Services Administration Building Project (RB) | |
| | | |
| | |
| 3.12%, 10/01/45 (c) | |
| 700 | | |
| 486,805 | |
| 3.25%, 10/01/50 (c) | |
| 820 | | |
| 542,046 | |
| 3.50%, 10/01/40 (c) | |
| 1,000 | | |
| 823,075 | |
West Virginia Economic Development Authority, Solid Waste
Facility, Commercial Metals Company Project (RB) 4.62%,
04/15/55 (c) (p) | |
| 2,500 | | |
| 2,559,544 | |
West Virginia Economic Development
Authority, Solid Waste Facility, Core Natural Resources, Inc. Project (RB) 5.45%,
01/01/55 (c) (p) | |
| 3,500 | | |
| 3,784,937 | |
| | |
| | | |
| 8,196,407 | |
| Wisconsin: 3.3% | |
| | | |
| | |
| Public Finance Authority (RB) | |
| | | |
| | |
| 0.00%, 12/15/39 (c) ^ | |
| 165 | | |
| 69,083 | |
| 5.75%, 06/30/60 (c) | |
| 17,815 | | |
| 18,269,650 | |
| 6.50%, 06/30/60 (c) | |
| 15,200 | | |
| 16,750,166 | |
Public Finance Authority Education, Pinecrest Academy of
Nevada—Pinecrest Academy Springs Campus Project, Series A (RB) 4.00%,
07/15/33 (c) | |
| 1,250 | | |
| 1,242,817 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
Public Finance Authority Educational Facilities, Charter
Day School, Inc. Project, Series A (RB) 5.00%,
12/01/55 (c) | |
$ | 1,000 | | |
$ | 877,623 | |
Public Finance Authority Educational Facilities, Cincinnati
Classical Academy, Series A (RB) 6.00%,
06/15/64 (c) | |
| 500 | | |
| 493,158 | |
Public Finance Authority Retirement Facilities, Southminster
(RB) 5.00%,
10/01/48 (c) | |
| 5,000 | | |
| 4,755,728 | |
| Public Finance Authority Student Housing, Prg - Oxford Properties Llc Project, Series A (RB) (BAM) | |
| | | |
| | |
| 5.00%, 07/01/45 (c) | |
| 1,000 | | |
| 1,031,148 | |
| 5.25%, 07/01/55 (c) | |
| 1,000 | | |
| 1,020,589 | |
Public Finance Authority, Bancroft Neurohealth Project,
Series A (RB) 5.12%,
06/01/48 (c) | |
| 250 | | |
| 232,865 | |
| Public Finance Authority, Bonnie Cone Classical Academy, Inc. (RB) | |
| | | |
| | |
| 5.62%, 06/15/54 (c) | |
| 750 | | |
| 587,554 | |
| 5.62%, 06/15/59 (c) | |
| 1,000 | | |
| 766,621 | |
Public Finance Authority, Carson Valley Medical Center,
Series A (RB) (SAW) 4.00%,
12/01/51 (c) | |
| 5,250 | | |
| 4,245,730 | |
Public Finance Authority, Celanese Corp., Series C (RB) 4.30%,
11/01/30 (c) | |
| 1,000 | | |
| 999,954 | |
| Public Finance Authority, Charter School (RB) | |
| | | |
| | |
| 5.00%, 07/01/55 (c) | |
| 2,000 | | |
| 1,825,243 | |
| 5.00%, 07/01/60 (c) | |
| 1,000 | | |
| 894,810 | |
Public Finance Authority, Charter School, Series A (RB) 5.00%,
06/15/54 (c) | |
| 1,375 | | |
| 1,262,491 | |
Public Finance Authority, Charter School, Series B (RB) 0.00%,
07/01/62 | |
| 1,000 | | |
| 815,000 | |
Public Finance Authority, Cornerstone Charter Academy, Series
A (RB) 5.12%,
02/01/46 (c) | |
| 550 | | |
| 539,048 | |
Public Finance Authority, Creekhaven, Wildrye and Furst
Ranch Projects (RB) 0.00%,
12/15/36 (c) ^ | |
| 500 | | |
| 255,257 | |
| Public Finance Authority, Crossroads Health Project, Series A (RB) | |
| | | |
| | |
| 8.00%, 07/01/53 (c) | |
| 1,000 | | |
| 794,381 | |
| 8.12%, 07/01/58 (c) | |
| 1,000 | | |
| 792,244 | |
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
Public Finance Authority, Educational Facilities, Lake Erie
College Project, Series A (RB) 5.88%,
10/01/54 (c) (d) * | |
$ | 1,000 | | |
$ | 616,153 | |
Public Finance Authority, Foundation Academy Charter School
Project (RB) 5.00%,
07/01/35 | |
| 295 | | |
| 308,716 | |
Public Finance Authority, Grand Hyatt San Antonio Hotel
Acquisition Project, Series A (RB) 5.00%,
02/01/52 (c) | |
| 2,000 | | |
| 1,971,062 | |
Public Finance Authority, Healthcare Facility Expansion,
Church Home of Hartford, Inc. Project, Series A (RB) 5.00%,
09/01/38 (c) | |
| 1,500 | | |
| 1,500,674 | |
| Public Finance Authority, Kanala NUI Project (RB) | |
| | | |
| | |
| 5.25%, 11/15/50 (c) | |
| 1,000 | | |
| 1,018,704 | |
| 5.25%, 11/15/61 (c) | |
| 1,000 | | |
| 1,008,725 | |
| Public Finance Authority, Living Community First Mortgage (RB) | |
| | | |
| | |
| 4.25%, 05/01/29 (c) | |
| 275 | | |
| 256,440 | |
| 5.00%, 03/01/37 (c) | |
| 1,250 | | |
| 1,255,311 | |
Public Finance Authority, Lombard Conference and Hotel Center,
Second-Tier (RB) (ACA) 3.75%,
07/01/51 (c) (d) * | |
| 856 | | |
| 581,494 | |
Public Finance Authority, Maniilaq Association (RB) 5.25%,
12/01/48 (c) | |
| 500 | | |
| 505,477 | |
Public Finance Authority, Marys Woods at Marylhurst Project,
Series A (RB) 5.25%,
05/15/37 (c) | |
| 1,350 | | |
| 1,359,160 | |
Public Finance Authority, Mater Academy of Nevada - East
Las Vegas Campus Project, Series A (RB) 5.00%,
12/15/44 (c) | |
| 690 | | |
| 669,330 | |
| Public Finance Authority, Math and Science Academy (RB) | |
| | | |
| | |
| 5.25%, 06/15/65 (c) | |
| 1,500 | | |
| 1,355,364 | |
| 5.50%, 06/15/55 (c) | |
| 2,100 | | |
| 2,008,616 | |
Public Finance Authority, Meadows Project (RB) 5.75%,
12/15/33 (c) | |
| 1,000 | | |
| 999,754 | |
Public Finance Authority, Miami Worldcenter Project, Series
A (TA) 5.00%,
06/01/41 (c) | |
| 1,000 | | |
| 1,005,025 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
| Public Finance Authority, Million Air Three LLC General Aviation Facilities Project, Series A (RB) | |
| | | |
| | |
| 5.50%, 09/01/30 (c) | |
$ | 200 | | |
$ | 207,514 | |
| 6.25%, 09/01/46 (c) | |
| 500 | | |
| 516,006 | |
Public Finance Authority, Municipal Certificates 2026-1, Class A (RB)
3.62%, 06/15/63 (c) (p) | |
| 2,000 | | |
| 1,990,946 | |
| Public Finance Authority, Penick Village (RB) | |
| | | |
| | |
| 4.00%, 09/01/29 (c) | |
| 255 | | |
| 256,182 | |
| 5.00%, 09/01/39 (c) | |
| 500 | | |
| 506,474 | |
| 5.00%, 09/01/49 (c) | |
| 500 | | |
| 469,357 | |
Public Finance Authority, Pinecrest Academy, Sloan Canyon
Campus Project, Series A (RB) 4.00%,
07/15/34 (c) | |
| 580 | | |
| 573,149 | |
Public Finance Authority, Prime Healthcare Foundation, Inc.,
Series A (RB) 5.20%,
12/01/37 (c) | |
| 1,405 | | |
| 1,429,376 | |
Public Finance Authority, Revolution Academy, Series A (RB) 6.25%,
10/01/53 (c) | |
| 1,000 | | |
| 1,019,708 | |
Public Finance Authority, Roseman University of Health Sciences
Project (RB) 5.88%,
04/01/45 (c) | |
| 4,000 | | |
| 4,000,641 | |
Public Finance Authority, Sky Harbour Capital III LLC Aviation
Facilities Project (RB) 6.00%,
07/01/60 (c) (p) | |
| 2,500 | | |
| 2,541,222 | |
| Public Finance Authority, Sky Harbour Capital LLC, Aviation Facilities Project (RB) | |
| | | |
| | |
| 4.00%, 07/01/41 (c) | |
| 500 | | |
| 468,982 | |
| 4.25%, 07/01/54 (c) | |
| 1,765 | | |
| 1,468,804 | |
| Public Finance Authority, Sloan Canyon Campus Project, Series A (RB) | |
| | | |
| | |
| 4.25%, 07/15/44 (c) | |
| 750 | | |
| 693,065 | |
| 4.50%, 07/15/49 (c) | |
| 800 | | |
| 712,916 | |
| 4.50%, 07/15/53 (c) | |
| 1,000 | | |
| 869,030 | |
| Public Finance Authority, Student Housing, Provident Group - Oxford Properties LLC Project, Series
A (RB) | |
| | | |
| | |
| 5.25%, 06/15/55 (c) | |
| 1,000 | | |
| 995,573 | |
| 5.75%, 06/15/55 (c) | |
| 1,000 | | |
| 983,117 | |
Public Finance Authority, The Foundation of the University
of North Carolina, Inc., Series A (RB) 4.00%,
09/01/56 (c) | |
| 1,060 | | |
| 783,957 | |
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
Public Finance Authority, Triad Educational Services, Inc.
(RB) 5.00%,
06/15/36 (c) | |
$ | 1,600 | | |
$ | 1,615,714 | |
Public Finance Authority, Trinity Regional Hospital Sachse,
Series A-1 (RB) 7.38%,
01/01/50 (c) (d) * | |
| 4,265 | | |
| 43 | |
| Public Finance Authority, Ultimate Medical Academy Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/34 (c) | |
| 1,500 | | |
| 1,544,915 | |
| 5.00%, 10/01/39 (c) | |
| 1,950 | | |
| 1,981,641 | |
| Public Finance Authority, UNC Health Southeastern, Series A (RB) | |
| | | |
| | |
| 4.00%, 02/01/35 (c) | |
| 1,500 | | |
| 1,373,933 | |
Public Finance Authority, Wingate University, Series A (RB) 5.25%,
10/01/48 (c) | |
| 2,255 | | |
| 2,048,157 | |
Public Finance Authority, Wisconsin (RB) 5.50%,
12/15/32 (c) | |
| 340 | | |
| 339,636 | |
| Public Finance Authority, Wisconsin Charter School, Series A (RB) | |
| | | |
| | |
| 6.50%, 06/15/45 (c) | |
| 325 | | |
| 327,845 | |
| 6.75%, 06/15/55 (c) | |
| 500 | | |
| 498,612 | |
Public Finance Authority, Wisconsin Hospital, Series A (RB) 5.00%,
10/01/44 (c) | |
| 2,000 | | |
| 2,034,375 | |
Public Finance Authority, Wisconsin Senior Airport Facilities,
Series B (RB) 5.00%,
07/01/42 (c) | |
| 9,000 | | |
| 9,002,394 | |
| Public Finance Authority, Wisconsin Texas Infrastructure Program (RB) | |
| | | |
| | |
| 0.00%, 12/15/37 (c) ^ | |
| 1,635 | | |
| 810,977 | |
| 0.00%, 12/15/38 (c) ^ | |
| 1,000 | | |
| 462,420 | |
| 5.00%, 07/15/30 (c) | |
| 294 | | |
| 293,894 | |
| 5.00%, 12/15/36 (c) | |
| 491 | | |
| 488,581 | |
Public Finance Authority, Wisconsin Texas Infrastructure
Program Tax-Exempt Revenue Anticipation Improvement, Legacy Hills Project (RB) 6.00%,
11/15/45 (c) | |
| 500 | | |
| 499,019 | |
Public Finance Authority, Wisconsin Texas Infrastructure
Program, Bridgewater Project (RB) 5.62%,
12/15/30 (c) | |
| 310 | | |
| 310,226 | |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
Public Finance Authority, Wisconsin Texas Infrastructure
Program, Tax-Exempt Revenue Anticipation, Willow Springs Project (RB) 0.00%,
12/15/39 (c) ^ | |
$ | 250 | | |
$ | 99,767 | |
Public Finance Authority, Wisconsin, Series A-4 (RB) 5.50%,
11/15/32 (c) | |
| 717 | | |
| 717,353 | |
Wisconsin Center District Senior Dedicated Tax Revenue,
Series C (RB) (AG) 0.00%,
12/15/45 (c) ^ | |
| 14,975 | | |
| 6,043,323 | |
| Wisconsin Health & Educational Facilities Authority (RB) | |
| | | |
| | |
| 5.00%, 08/15/30 | |
| 1,000 | | |
| 1,081,537 | |
| 5.62%, 07/01/35 (c) | |
| 320 | | |
| 337,483 | |
| 6.38%, 07/01/45 (c) | |
| 500 | | |
| 533,893 | |
| Wisconsin Health and Educational Facilities Authority Mercy, Health Corporation Obligated Group, Series
A (RB) | |
| | | |
| | |
| 5.00%, 06/01/27 | |
| 250 | | |
| 255,379 | |
| 5.00%, 06/01/28 | |
| 250 | | |
| 260,423 | |
Wisconsin Health and Educational Facilities Authority Senior
Living, Series A (RB) 6.25%,
11/15/55 (c) | |
| 500 | | |
| 499,552 | |
Wisconsin Health and Educational Facilities Authority, Benevolent
Corp. Cedar Community (RB) 5.50%,
06/01/55 (c) | |
| 1,000 | | |
| 1,003,742 | |
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
| 5.50%, 06/01/61 (c) | |
$ | 1,475 | | |
$ | 1,474,389 | |
| Wisconsin Health and Educational Facilities Authority, Chiara Housing and Services Inc., Project (RB) | |
| | | |
| | |
| 5.00%, 07/01/35 (c) | |
| 720 | | |
| 738,826 | |
| 5.88%, 07/01/55 (c) | |
| 1,000 | | |
| 1,005,269 | |
Wisconsin Health and Educational Facilities Authority, Covenant Communities,
Inc. Project, Series A-1 (RB) (SAW) 4.00%,
07/01/48 (c) | |
| 105 | | |
| 85,582 | |
Wisconsin Health and Educational Facilities Authority, Covenant Communities,
Inc. Project, Series B (RB) 4.38%,
07/01/38 (c) | |
| 850 | | |
| 815,134 | |
| Wisconsin Public Finance Authority (RB) | |
| | | |
| | |
| 5.50%, 07/01/44 (c) | |
| 1,800 | | |
| 1,860,963 | |
| 5.75%, 07/01/54 (c) | |
| 2,000 | | |
| 2,066,908 | |
| | |
| | | |
| 137,939,089 | |
Total Municipal Bonds:
(Cost: $4,107,184,618) | |
| | | |
| 3,968,937,324 | |
| | |
| | | |
| | |
| | |
Number
of Shares | | |
| | |
WARRANTS: 0.0%
(Cost: $0) | |
| | | |
| | |
| Nevada: 0.0% | |
| | | |
| | |
BL Train Holdings West LLC, USD
11.50, exp. 12/01/35*∞ | |
| 324,840 | | |
| 994,822 | |
Total Investments: 94.8%
(Cost: $4,107,184,618) | |
| | | |
| 3,969,932,146 | |
| Other assets less liabilities:
5.2% | | |
| 216,462,776 | |
| NET ASSETS: 100.0% | |
| | | |
$ | 4,186,394,922 | |
| Definitions: |
| |
| ACA |
|
Credit Agricole SA |
| AG |
|
Assured Guaranty, Inc. |
| AMBAC |
|
American Municipal Bond Assurance Corp. |
| BAM |
|
Build America Assurance Co. |
| CP |
|
Certificate of Participation |
| FHA |
|
Federal Housing Association |
| GO |
|
General Obligation |
| NATL |
|
National Public Finance Guarantee Corp. |
| RB |
|
Revenue Bond |
| SA |
|
Special Assessment |
| SAW |
|
State Aid Withholding |
| SBG |
|
School Board Guaranteed |
| SD CRED PROG |
|
Special District Credit Enhancement Program |
| ST |
|
Special Tax |
| TA |
|
Tax Allocation |
| USD |
|
United States Dollar |
| XLCA |
|
Syncora Guarantee, Inc. |
See Notes to Financial Statements
VANECK HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
Footnotes:
| (c) |
Callable Security — the date disclosed is the date the security may be redeemed by the issuer |
| (d) |
Security in default |
| (p) |
Putable
Security — the date disclosed is the date the security may be redeemed by the fund |
| ∞ |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
The summary of inputs used to value the Fund’s investments as of April 30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Municipal Bonds * | |
$ | — | | |
$ | 3,968,937,324 | | |
$ | — | | |
$ | 3,968,937,324 | |
| Warrants * | |
| — | | |
| — | | |
| 994,822 | | |
| 994,822 | |
| Total Investments | |
$ | — | | |
$ | 3,968,937,324 | | |
$ | 994,822 | | |
$ | 3,969,932,146 | |
| |
|
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| FLOATING
RATE NOTES: 99.2% | |
| | | |
| | |
| Australia:
10.1% | |
| | | |
| | |
| Australia & New Zealand Banking Group Ltd. 144A | |
| | | |
| | |
| 4.12% (SOFR+0.47%), 12/16/26 (a) | |
$ | 1,550 | | |
$ | 1,551,836 | |
| 4.24% (SOFR+0.59%), 12/08/28 (a) | |
| 5,675 | | |
| 5,691,408 | |
| 4.27% (SOFR+0.62%), 06/18/28 (a) | |
| 7,525 | | |
| 7,550,582 | |
| 4.30% (SOFR+0.65%), 09/30/27 (a) | |
| 2,175 | | |
| 2,183,026 | |
| 4.33% (SOFR+0.68%), 07/16/27 (a) | |
| 5,475 | | |
| 5,497,334 | |
| 4.33% (SOFR+0.68%), 12/08/30 (a) | |
| 11,275 | | |
| 11,339,389 | |
| 4.46% (SOFR+0.81%), 01/18/27 (a) | |
| 3,525 | | |
| 3,537,855 | |
| 4.50% (SOFR+0.85%), 12/16/29 †(a) | |
| 19,173 | | |
| 19,375,941 | |
| Commonwealth Bank of Australia 144A | |
| | | |
| | |
| 4.12% (SOFR+0.46%), 11/27/26 (a) | |
| 1,000 | | |
| 1,000,998 | |
| 4.28% (SOFR+0.63%), 03/27/29 (a) | |
| 19,000 | | |
| 19,053,292 | |
| 4.29% (SOFR+0.64%), 03/14/28 (a) | |
| 7,675 | | |
| 7,703,671 | |
| 4.43% (SOFR+0.78%), 10/01/30 (a) | |
| 17,275 | | |
| 17,385,470 | |
| 4.46% (SOFR+0.81%), 03/14/30 (a) | |
| 34,675 | | |
| 34,945,361 | |
| 4.62% (SOFR+0.97%), 03/14/27 (a) | |
| 1,526 | | |
| 1,533,090 | |
| Macquarie Bank Ltd. 144A | |
| | | |
| | |
| 4.15% (SOFR+0.48%), 02/03/28 (a) | |
| 5,800 | | |
| 5,797,512 | |
| 4.39% (SOFR+0.74%), 06/12/28 (a) | |
| 7,875 | | |
| 7,910,218 | |
| 4.41% (SOFR+0.76%), 03/29/29 (a) | |
| 16,750 | | |
| 16,827,877 | |
| 4.57% (SOFR+0.92%), 07/02/27 (a) | |
| 3,680 | | |
| 3,700,487 | |
| 4.85% (SOFR+1.20%), 12/07/26 (a) | |
| 1,600 | | |
| 1,607,952 | |
Macquarie Group Ltd. 144A 4.57%
(SOFR+0.92%), 09/23/27 (a) | |
| 2,150 | | |
| 2,154,048 | |
| National Australia Bank Ltd. 144A | |
| | | |
| | |
| 4.15% (SOFR+0.50%), 03/06/28 (a) | |
| 2,275 | | |
| 2,278,754 | |
| 4.18% (SOFR+0.53%), 12/13/28 (a) | |
| 4,525 | | |
| 4,529,890 | |
| 4.25% (SOFR+0.60%), 10/26/27 (a) | |
| 3,300 | | |
| 3,310,176 | |
| 4.27% (SOFR+0.62%), 06/11/27 (a) | |
| 3,730 | | |
| 3,741,209 | |
| 4.30% (SOFR+0.65%), 01/12/27 †(a) | |
| 2,210 | | |
| 2,215,205 | |
| | |
Par
(000’s | ) | |
Value | |
| Australia
(continued) | |
| | | |
| | |
| 4.30% (SOFR+0.65%), 06/13/28 (a) | |
$ | 5,650 | | |
$ | 5,669,087 | |
| 4.33% (SOFR+0.68%), 01/13/31 (a) | |
| 16,900 | | |
| 16,962,088 | |
| 4.44% (SOFR+0.79%), 01/14/30 (a) | |
| 16,925 | | |
| 17,065,920 | |
| Westpac Banking Corp. | |
| | | |
| | |
| 4.46% (SOFR+0.81%), 04/16/29 (a) | |
| 16,900 | | |
| 17,059,428 | |
| 4.47% (SOFR+0.82%), 07/01/30 (a) | |
| 16,909 | | |
| 17,075,374 | |
Westpac Banking Corp. 144A 4.15%
(SOFR+0.50%), 03/06/28 (a) | |
| 2,275 | | |
| 2,277,259 | |
| | |
| | | |
| 268,531,737 | |
| Canada:
7.1% | |
| | | |
| | |
| Bank of Montreal | |
| | | |
| | |
| 4.27% (SOFR+0.62%), 01/13/28 (a) | |
| 2,750 | | |
| 2,754,326 | |
| 4.40% (SOFR Compound Index+0.75%), 09/22/28 (a) | |
| 3,950 | | |
| 3,956,212 | |
| 4.42% (SOFR Compound Index+0.76%), 06/04/27 (a) | |
| 2,050 | | |
| 2,057,636 | |
| 4.51% (SOFR+0.86%), 01/27/29 (a) | |
| 7,009 | | |
| 7,025,116 | |
| 4.53% (SOFR Compound Index+0.88%), 09/10/27 (a) | |
| 3,400 | | |
| 3,405,013 | |
| 4.81% (SOFR Compound Index+1.16%), 12/11/26 (a) | |
| 1,727 | | |
| 1,736,161 | |
| Bank of Nova Scotia | |
| | | |
| | |
| 4.39% (SOFR+0.73%), 02/02/30 (a) | |
| 6,775 | | |
| 6,764,820 | |
| 4.41% (SOFR+0.76%), 09/15/28 (a) | |
| 4,525 | | |
| 4,528,354 | |
| 4.44% (SOFR Compound Index+0.78%), 06/04/27 (a) | |
| 1,778 | | |
| 1,785,187 | |
| 4.55% (SOFR+0.89%), 02/14/29 (a) | |
| 9,025 | | |
| 9,042,201 | |
| 4.65% (SOFR+1.00%), 09/08/28 (a) | |
| 4,150 | | |
| 4,168,198 | |
| 4.73% (SOFR Compound Index+1.08%), 08/01/29 (a) | |
| 6,700 | | |
| 6,763,001 | |
| Canadian Imperial Bank of Commerce | |
| | | |
| | |
| 4.37% (SOFR+0.72%), 01/13/28 (a) | |
| 3,025 | | |
| 3,029,370 | |
| 4.45% (SOFR+0.80%), 09/08/28 (a) | |
| 4,900 | | |
| 4,908,295 | |
| 4.45% (SOFR Compound Index+0.80%), 01/29/30 (a) | |
| 8,925 | | |
| 8,904,711 | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Canada
(continued) | |
| | | |
| | |
| 4.58% (SOFR Compound Index+0.93%), 09/11/27 (a) | |
$ | 2,200 | | |
$ | 2,203,465 | |
| 4.59% (SOFR+0.94%), 06/28/27 (a) | |
| 2,191 | | |
| 2,202,441 | |
| 4.68% (SOFR+1.03%), 03/30/29 (a) | |
| 9,025 | | |
| 9,072,739 | |
Federation des Caisses Desjardins du Quebec 144A 4.28%
(SOFR+0.63%), 01/27/27 (a) | |
| 2,800 | | |
| 2,804,316 | |
| National Bank of Canada | |
| | | |
| | |
| 4.42% (SOFR+0.77%), 01/20/29 (a) | |
| 3,775 | | |
| 3,774,729 | |
| 4.68% (SOFR Compound Index+1.03%), 07/02/27 (a) | |
| 1,575 | | |
| 1,576,597 | |
| Royal Bank of Canada | |
| | | |
| | |
| 4.26% (SOFR Compound Index+0.59%), 11/02/26 (a) | |
| 1,000 | | |
| 1,001,370 | |
| 4.36% (SOFR Compound Index+0.71%), 01/21/27 (a) | |
| 1,325 | | |
| 1,328,707 | |
| 4.37% (SOFR Compound Index+0.72%), 10/18/27 (a) | |
| 2,875 | | |
| 2,878,680 | |
| 4.37% (SOFR+0.70%), 11/03/28 (a) | |
| 3,775 | | |
| 3,778,263 | |
| 4.44% (SOFR Compound Index+0.79%), 07/23/27 (a) | |
| 3,075 | | |
| 3,078,055 | |
| 4.47% (SOFR Compound Index+0.82%), 03/27/28 (a) | |
| 4,525 | | |
| 4,536,921 | |
| 4.48% (SOFR Compound Index+0.83%), 01/24/29 (a) | |
| 13,547 | | |
| 13,581,904 | |
| 4.51% (SOFR Compound Index+0.86%), 10/18/28 (a) | |
| 3,400 | | |
| 3,404,787 | |
| 4.55% (SOFR Compound Index+0.88%), 08/06/29 (a) | |
| 11,275 | | |
| 11,312,412 | |
| 4.60% (SOFR Compound Index+0.95%), 01/19/27 (a) | |
| 2,200 | | |
| 2,209,586 | |
| 4.70% (SOFR Compound Index+1.03%), 02/04/31 (a) | |
| 6,775 | | |
| 6,803,658 | |
| 4.80% (SOFR Compound Index+1.13%), 05/02/31 (a) | |
| 9,035 | | |
| 9,140,295 | |
| Toronto-Dominion Bank | |
| | | |
| | |
| 4.23% (SOFR+0.58%), 01/13/28 (a) | |
| 4,500 | | |
| 4,503,827 | |
| 4.27% (SOFR+0.62%), 12/17/26 (a) | |
| 2,450 | | |
| 2,454,531 | |
| | |
Par
(000’s | ) | |
Value | |
| Canada
(continued) | |
| | | |
| | |
| 4.38% (SOFR+0.73%), 04/05/27 (a) | |
$ | 2,250 | | |
$ | 2,258,026 | |
| 4.40% (SOFR+0.75%), 10/13/28 (a) | |
| 3,850 | | |
| 3,855,617 | |
| 4.41% (SOFR+0.76%), 04/23/29 (a) | |
| 6,700 | | |
| 6,706,053 | |
| 4.47% (SOFR+0.82%), 01/31/28 (a) | |
| 4,400 | | |
| 4,419,071 | |
| 4.57% (SOFR+0.91%), 06/02/28 (a) | |
| 1,200 | | |
| 1,205,072 | |
| 4.68% (SOFR+1.03%), 12/17/29 (a) | |
| 8,125 | | |
| 8,166,618 | |
| | |
| | | |
| 189,086,341 | |
| Finland:
0.8% | |
| | | |
| | |
| Nordea Bank Abp 144A | |
| | | |
| | |
| 4.35% (SOFR+0.70%), 03/17/28 (a) | |
| 3,025 | | |
| 3,037,262 | |
| 4.39% (SOFR+0.74%), 03/19/27 (a) | |
| 2,210 | | |
| 2,217,735 | |
| 4.49% (SOFR+0.83%), 08/28/30 (a) | |
| 9,025 | | |
| 9,030,335 | |
| 4.67% (SOFR+1.02%), 09/10/29 (a) | |
| 6,792 | | |
| 6,882,091 | |
| | |
| | | |
| 21,167,423 | |
| France:
3.0% | |
| | | |
| | |
| Banque Federative du Credit Mutuel SA 144A | |
| | | |
| | |
| 4.64% (SOFR+0.99%), 10/16/28 †(a) | |
| 4,525 | | |
| 4,550,157 | |
| 4.73% (SOFR Compound Index+1.07%), 02/16/28 (a) | |
| 3,780 | | |
| 3,802,050 | |
| 4.78% (SOFR+1.13%), 01/23/27 (a) | |
| 1,325 | | |
| 1,331,463 | |
| 4.88% (SOFR Compound Index+1.23%), 01/22/30 (a) | |
| 7,914 | | |
| 7,985,206 | |
BNP Paribas SA 144A 5.10%
(SOFR+1.43%), 05/09/29 (a) | |
| 9,125 | | |
| 9,190,011 | |
BPCE SA 144A 5.63%
(SOFR Compound Index+1.98%), 10/19/27 (a) | |
| 1,400 | | |
| 1,409,370 | |
| Credit Agricole SA 144A | |
| | | |
| | |
| 4.52% (SOFR+0.87%), 03/11/27 (a) | |
| 2,650 | | |
| 2,661,272 | |
| 4.78% (SOFR+1.13%), 01/09/29 (a) | |
| 3,775 | | |
| 3,793,341 | |
| 4.86% (SOFR+1.21%), 09/11/28 (a) | |
| 3,775 | | |
| 3,795,373 | |
| Sanofi SA | |
| | | |
| | |
| 4.13% (SOFR+0.46%), 11/03/27 (a) | |
| 2,250 | | |
| 2,256,811 | |
| 4.21% (SOFR+0.54%), 11/03/28 (a) | |
| 3,825 | | |
| 3,834,467 | |
Societe Generale SA 144A 4.74%
(SOFR+1.10%), 04/12/30 (a) | |
| 9,025 | | |
| 9,036,000 | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| France
(continued) | |
| | | |
| | |
| 4.76% (SOFR+1.10%), 02/19/27 (a) | |
$ | 1,775 | | |
$ | 1,783,510 | |
| 5.06% (SOFR+1.41%), 04/13/29 (a) | |
| 11,300 | | |
| 11,361,157 | |
| 5.08% (SOFR+1.42%), 05/22/29 (a) | |
| 11,275 | | |
| 11,338,389 | |
| 5.31% (SOFR+1.66%), 01/19/28 (a) | |
| 2,650 | | |
| 2,670,494 | |
| | |
| | | |
| 80,799,071 | |
| Japan:
10.1% | |
| | | |
| | |
Mitsubishi Corp. 144A 4.36%
(SOFR+0.70%), 09/09/28 (a) | |
| 3,150 | | |
| 3,158,224 | |
| Mitsubishi UFJ Financial Group, Inc. | |
| | | |
| | |
| 4.67% (SOFR+1.02%), 01/14/32 (a) | |
| 8,025 | | |
| 8,030,266 | |
| 4.78% (SOFR+1.13%), 09/12/31 (a) | |
| 23,050 | | |
| 23,201,580 | |
| 4.84% (SOFR+1.19%), 04/21/32 (a) | |
| 10,500 | | |
| 10,587,704 | |
| 5.13% (SOFR+1.48%), 04/24/31 (a) | |
| 11,525 | | |
| 11,775,176 | |
| Mizuho Bank Ltd. 144A | |
| | | |
| | |
| 4.45% (SOFR+0.80%), 04/16/29 (a) | |
| 11,000 | | |
| 11,057,328 | |
| 4.70% (SOFR+1.05%), 04/16/31 (a) | |
| 16,750 | | |
| 17,024,729 | |
| Mizuho Financial Group, Inc. | |
| | | |
| | |
| 4.59% (SOFR+0.93%), 05/12/32 (a) | |
| 11,625 | | |
| 11,565,605 | |
| 4.75% (SOFR+1.08%), 05/13/31 (a) | |
| 6,899 | | |
| 6,930,951 | |
| 4.90% (SOFR+1.25%), 07/08/31 (a) | |
| 17,275 | | |
| 17,460,025 | |
Nomura Holdings, Inc. 4.90%
(SOFR+1.25%), 07/02/27 (a) | |
| 2,300 | | |
| 2,316,317 | |
| NTT Finance Corp. 144A | |
| | | |
| | |
| 4.73% (SOFR+1.08%), 07/16/28 (a) | |
| 3,800 | | |
| 3,827,662 | |
| 4.96% (SOFR+1.31%), 07/16/30 (a) | |
| 11,300 | | |
| 11,494,643 | |
| Sumitomo Mitsui Financial Group, Inc. | |
| | | |
| | |
| 4.41% (SOFR+0.76%), 01/15/29 (a) | |
| 3,780 | | |
| 3,771,406 | |
| 4.53% (SOFR+0.88%), 01/14/27 (a) | |
| 2,195 | | |
| 2,202,338 | |
| 4.67% (SOFR+1.02%), 01/15/32 (a) | |
| 9,025 | | |
| 9,045,165 | |
| 4.70% (SOFR+1.05%), 04/15/30 (a) | |
| 18,025 | | |
| 18,120,703 | |
| 4.82% (SOFR+1.17%), 07/09/29 (a) | |
| 11,275 | | |
| 11,391,765 | |
| 4.84% (SOFR+1.19%), 07/08/31 (a) | |
| 20,300 | | |
| 20,467,633 | |
| Sumitomo Mitsui Trust Bank Ltd. 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| Japan (continued) | |
| | | |
| | |
| 4.37% (SOFR+0.71%), 03/05/29 †(a) | |
$ | 16,925 | | |
$ | 16,934,618 | |
| 4.40% (SOFR+0.75%), 09/11/28 (a) | |
| 5,650 | | |
| 5,665,049 | |
| 4.55% (SOFR+0.89%), 03/05/31 (a) | |
| 16,900 | | |
| 17,037,692 | |
| 4.64% (SOFR+0.98%), 09/10/27 (a) | |
| 3,304 | | |
| 3,326,269 | |
| 4.64% (SOFR+0.99%), 03/13/30 (a) | |
| 22,550 | | |
| 22,756,705 | |
| | |
| | | |
| 269,149,553 | |
| Netherlands: 1.3% | |
| | | |
| | |
| ABN AMRO Bank NV 144A | |
| | | |
| | |
| 4.44% (SOFR Compound Index+0.75%), 07/07/28 (a) | |
| 5,650 | | |
| 5,663,763 | |
| 4.66% (SOFR Compound Index+1.00%), 12/03/28 (a) | |
| 3,775 | | |
| 3,784,623 | |
| 5.43% (SOFR Compound Index+1.78%), 09/18/27 (a) | |
| 2,174 | | |
| 2,184,178 | |
| ING Groep NV | |
| | | |
| | |
| 4.66% (SOFR Compound Index+1.01%), 03/25/29 (a) | |
| 16,925 | | |
| 16,979,361 | |
| 5.21% (SOFR Compound Index+1.56%), 09/11/27 (a) | |
| 2,225 | | |
| 2,233,069 | |
Siemens Funding BV 144A 4.30%
(SOFR+0.64%), 05/26/28 (a) | |
| 3,850 | | |
| 3,863,477 | |
| | |
| | | |
| 34,708,471 | |
| New Zealand: 1.0% | |
| | | |
| | |
ASB Bank Ltd. 144A 4.55%
(SOFR+0.90%), 10/29/30 (a) | |
| 6,775 | | |
| 6,817,892 | |
Bank of New Zealand 144A 4.46%
(SOFR+0.81%), 01/27/27 (a) | |
| 1,875 | | |
| 1,880,230 | |
Westpac New Zealand Ltd.
144A 4.40%
(SOFR+0.75%), 01/30/31 (a) | |
| 16,825 | | |
| 16,821,917 | |
| | |
| | | |
| 25,520,039 | |
| Norway: 0.3% | |
| | | |
| | |
DNB Bank ASA 144A 4.73%
(SOFR+1.06%), 11/05/30 (a) | |
| 7,975 | | |
| 8,049,533 | |
| Singapore: 1.3% | |
| | | |
| | |
| DBS Group Holdings Ltd. 144A | |
| | | |
| | |
| 4.25% (SOFR+0.60%), 03/21/28 (a) | |
| 7,550 | | |
| 7,575,756 | |
| 4.30% (SOFR+0.65%), 03/21/30 (a) | |
| 11,327 | | |
| 11,397,004 | |
| Pepsico Singapore Financing I Pte Ltd. | |
| | | |
| | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Singapore
(continued) | |
| | | |
| | |
| 4.22% (SOFR Compound Index+0.56%), 02/16/27 (a) | |
$ | 1,444 | | |
$ | 1,448,137 | |
| United Overseas Bank Ltd. 144A | |
| | | |
| | |
| 4.23% (SOFR Compound Index+0.58%), 04/02/28 (a) | |
| 6,800 | | |
| 6,820,001 | |
| 4.30% (SOFR Compound Index+0.65%), 04/02/30 (a) | |
| 6,800 | | |
| 6,840,591 | |
| | |
| | | |
| 34,081,489 | |
| South
Korea: 2.3% | |
| | | |
| | |
KEB Hana Bank 144A 4.25%
(SOFR+0.60%), 10/21/28 (a) | |
| 2,425 | | |
| 2,434,574 | |
Korea Electric Power Corp. 144A 4.29%
(SOFR+0.62%), 11/12/28 (a) | |
| 4,625 | | |
| 4,636,470 | |
Korea Gas Corp. 144A 4.30%
(SOFR+0.65%), 07/10/28 (a) | |
| 2,400 | | |
| 2,408,173 | |
| Korea National Oil Corp. 144A | |
| | | |
| | |
| 4.32% (SOFR+0.67%), 09/29/28 (a) | |
| 3,100 | | |
| 3,107,440 | |
| 4.42% (SOFR+0.77%), 03/31/28 (a) | |
| 3,100 | | |
| 3,110,558 | |
| 4.45% (SOFR+0.80%), 03/30/29 (a) | |
| 11,250 | | |
| 11,310,188 | |
| 4.48% (SOFR+0.83%), 04/03/27 (a) | |
| 1,365 | | |
| 1,369,702 | |
| 4.55% (SOFR+0.90%), 09/30/27 (a) | |
| 2,075 | | |
| 2,085,832 | |
| 4.74% (SOFR+1.08%), 11/14/26 (a) | |
| 900 | | |
| 903,555 | |
| LG Energy Solution Ltd. 144A | |
| | | |
| | |
| 5.21% (SOFR+1.56%), 04/02/31 (a) | |
| 6,500 | | |
| 6,534,028 | |
| 5.35% (SOFR+1.70%), 04/02/30 (a) | |
| 7,050 | | |
| 7,154,843 | |
| NongHyup Bank 144A | |
| | | |
| | |
| 4.33% (SOFR+0.68%), 01/21/29 (a) | |
| 2,300 | | |
| 2,309,736 | |
| 4.45% (SOFR+0.80%), 07/22/27 (a) | |
| 1,350 | | |
| 1,357,117 | |
Shinhan Bank Co. Ltd. 144A 4.23%
(SOFR+0.58%), 04/10/29 (a) | |
| 6,750 | | |
| 6,773,288 | |
Woori Bank 144A 4.13%
(SOFR+0.48%), 01/27/29 (a) | |
| 6,875 | | |
| 6,879,804 | |
| | |
| | | |
| 62,375,308 | |
| Spain:
1.3% | |
| | | |
| | |
Banco Bilbao Vizcaya Argentaria SA 4.54%
(SOFR+0.88%), 03/03/29 (a) | |
| 11,375 | | |
| 11,370,393 | |
| | |
Par
(000’s | ) | |
Value | |
| Spain
(continued) | |
| | | |
| | |
| Banco Santander SA | |
| | | |
| | |
| 4.64% (SOFR+0.99%), 04/15/29 (a) | |
$ | 9,000 | | |
$ | 9,005,228 | |
| 4.77% (SOFR+1.12%), 07/15/28 (a) | |
| 8,800 | | |
| 8,839,167 | |
| 4.79% (SOFR+1.12%), 11/06/30 (a) | |
| 3,600 | | |
| 3,608,832 | |
| 5.03% (SOFR+1.38%), 03/14/28 (a) | |
| 3,100 | | |
| 3,116,210 | |
| | |
| | | |
| 35,939,830 | |
| Sweden:
1.4% | |
| | | |
| | |
| Skandinaviska Enskilda Banken AB 144A | |
| | | |
| | |
| 4.33% (SOFR Compound Index+0.68%), 03/12/29 (a) | |
| 11,275 | | |
| 11,273,674 | |
| 4.41% (SOFR+0.75%), 06/02/28 (a) | |
| 3,775 | | |
| 3,785,270 | |
| 4.55% (SOFR+0.89%), 03/05/27 (a) | |
| 1,550 | | |
| 1,556,181 | |
| 4.72% (SOFR+1.06%), 09/03/30 (a) | |
| 6,775 | | |
| 6,798,067 | |
| Svenska Handelsbanken AB 144A | |
| | | |
| | |
| 4.32% (SOFR+0.66%), 05/28/27 (a) | |
| 1,775 | | |
| 1,778,851 | |
| 4.40% (SOFR+0.74%), 05/23/28 (a) | |
| 3,775 | | |
| 3,791,956 | |
Swedbank AB 144A 4.69%
(SOFR+1.03%), 11/20/29 (a) | |
| 8,125 | | |
| 8,215,366 | |
| | |
| | | |
| 37,199,365 | |
| Switzerland:
1.3% | |
| | | |
| | |
| UBS Group AG 144A | |
| | | |
| | |
| 4.49% (SOFR+0.84%), 12/23/29 (a) | |
| 16,000 | | |
| 15,972,836 | |
| 4.51% (SOFR+0.84%), 04/10/30 (a) | |
| 11,200 | | |
| 11,168,952 | |
| 4.71% (SOFR+1.06%), 09/23/31 (a) | |
| 6,775 | | |
| 6,793,508 | |
| | |
| | | |
| 33,935,296 | |
| United
Kingdom: 12.2% | |
| | | |
| | |
| ANZ New Zealand Int’l Ltd. 144A | |
| | | |
| | |
| 4.26% (SOFR+0.61%), 01/22/29 †(a) | |
| 11,325 | | |
| 11,341,445 | |
| 4.40% (SOFR+0.75%), 01/22/31 †(a) | |
| 11,325 | | |
| 11,330,269 | |
| Barclays PLC | |
| | | |
| | |
| 4.59% (SOFR+0.93%), 05/24/30 (a) | |
| 6,775 | | |
| 6,763,544 | |
| 4.74% (SOFR+1.08%), 11/11/29 (a) | |
| 11,275 | | |
| 11,311,578 | |
| 5.14% (SOFR+1.49%), 03/12/28 (a) | |
| 3,775 | | |
| 3,800,994 | |
| 5.53% (SOFR+1.88%), 09/13/27 (a) | |
| 1,325 | | |
| 1,332,052 | |
| GlaxoSmithKline Capital PLC | |
| | | |
| | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
Kingdom (continued) | |
| | | |
| | |
| 4.15% (SOFR+0.50%), 03/12/27 †(a) | |
$ | 2,725 | | |
$ | 2,730,619 | |
| HSBC Holdings PLC | |
| | | |
| | |
| 4.69% (SOFR+1.03%), 03/03/29 (a) | |
| 16,907 | | |
| 16,961,202 | |
| 4.70% (SOFR+1.04%), 11/19/28 †(a) | |
| 3,775 | | |
| 3,792,339 | |
| 4.86% (SOFR+1.19%), 11/06/31 (a) | |
| 11,275 | | |
| 11,325,807 | |
| 4.87% (SOFR+1.21%), 03/10/32 (a) | |
| 27,750 | | |
| 27,852,760 | |
| 4.95% (SOFR+1.29%), 11/19/30 (a) | |
| 11,300 | | |
| 11,413,503 | |
| 4.95% (SOFR+1.29%), 03/03/31 (a) | |
| 17,000 | | |
| 17,183,836 | |
| 5.23% (SOFR+1.57%), 08/14/27 (a) | |
| 3,074 | | |
| 3,082,864 | |
| 5.24% (SOFR+1.57%), 05/13/31 (a) | |
| 28,175 | | |
| 28,669,961 | |
| Lloyds Banking Group PLC | |
| | | |
| | |
| 4.44% (SOFR Compound Index+0.77%), 02/10/30 (a) | |
| 11,275 | | |
| 11,242,618 | |
| 4.71% (SOFR Compound Index+1.06%), 06/13/29 (a) | |
| 11,275 | | |
| 11,364,951 | |
| 4.72% (SOFR Compound Index+1.06%), 11/26/28 (a) | |
| 5,650 | | |
| 5,679,550 | |
| 4.77% (SOFR+1.10%), 11/04/31 (a) | |
| 6,775 | | |
| 6,780,191 | |
| 5.23% (SOFR Compound Index+1.56%), 08/07/27 (a) | |
| 2,200 | | |
| 2,206,632 | |
| 5.23% (SOFR Compound Index+1.58%), 01/05/28 (a) | |
| 1,325 | | |
| 1,334,172 | |
| Nationwide Building Society 144A | |
| | | |
| | |
| 4.66% (SOFR+1.01%), 09/30/30 (a) | |
| 6,775 | | |
| 6,790,106 | |
| 4.72% (SOFR+1.07%), 07/14/29 (a) | |
| 6,775 | | |
| 6,795,034 | |
| 4.95% (SOFR+1.29%), 02/16/28 (a) | |
| 2,275 | | |
| 2,287,064 | |
| NatWest Group PLC | |
| | | |
| | |
| 4.76% (SOFR+1.10%), 05/23/29 (a) | |
| 6,975 | | |
| 7,015,937 | |
| 4.91% (SOFR+1.25%), 03/01/28 (a) | |
| 2,320 | | |
| 2,332,347 | |
| 4.96% (SOFR+1.30%), 11/15/28 (a) | |
| 3,850 | | |
| 3,883,800 | |
| NatWest Markets PLC 144A | |
| | | |
| | |
| 4.47% (SOFR+0.80%), 11/06/28 (a) | |
| 4,700 | | |
| 4,705,453 | |
| 4.56% (SOFR+0.90%), 05/17/27 (a) | |
| 2,225 | | |
| 2,235,684 | |
| 4.58% (SOFR+0.93%), 03/27/29 (a) | |
| 7,000 | | |
| 7,033,808 | |
| | |
Par
(000’s | ) | |
Value | |
| United
Kingdom (continued) | |
| | | |
| | |
| 4.60% (SOFR+0.95%), 03/21/28 (a) | |
$ | 3,850 | | |
$ | 3,869,394 | |
| 4.80% (SOFR+1.14%), 05/17/29 (a) | |
| 9,200 | | |
| 9,272,789 | |
| 4.84% (SOFR+1.19%), 03/21/30 (a) | |
| 8,125 | | |
| 8,190,615 | |
Rio Tinto Finance USA PLC 4.49%
(SOFR Compound Index+0.84%), 03/14/28 (a) | |
| 3,860 | | |
| 3,874,347 | |
Santander UK Group Holdings PLC 4.72%
(SOFR Compound Index+1.07%), 09/22/29 (a) | |
| 9,150 | | |
| 9,173,833 | |
| Standard Chartered PLC 144A | |
| | | |
| | |
| 4.57% (SOFR+0.92%), 01/13/30 †(a) | |
| 11,275 | | |
| 11,282,446 | |
| 4.83% (SOFR+1.17%), 05/14/28 (a) | |
| 3,763 | | |
| 3,782,195 | |
| 4.89% (SOFR+1.24%), 01/21/29 (a) | |
| 3,775 | | |
| 3,790,938 | |
| 5.34% (SOFR+1.68%), 05/13/31 (a) | |
| 16,875 | | |
| 17,265,333 | |
| 5.58% (SOFR+1.93%), 07/06/27 (a) | |
| 2,200 | | |
| 2,205,997 | |
| 5.70% (SOFR+2.03%), 02/08/28 (a) | |
| 3,026 | | |
| 3,057,640 | |
| | |
| | | |
| 326,345,647 | |
| United
States: 45.7% | |
| | | |
| | |
Abbott Laboratories 4.15%
(SOFR Compound Index+0.50%), 03/09/29 (a) | |
| 22,650 | | |
| 22,687,564 | |
AbbVie, Inc. 4.14%
(SOFR Compound Index+0.48%), 03/03/28 (a) | |
| 5,750 | | |
| 5,759,768 | |
Alphabet, Inc. 4.18%
(SOFR+0.52%), 11/15/28 (a) | |
| 3,900 | | |
| 3,912,815 | |
| Amazon.com, Inc. | |
| | | |
| | |
| 4.09% (SOFR+0.44%), 03/13/28 (a) | |
| 13,150 | | |
| 13,168,052 | |
| 4.24% (SOFR+0.59%), 03/13/29 (a) | |
| 22,550 | | |
| 22,606,033 | |
| American Express Co. | |
| | | |
| | |
| 4.26% (SOFR+0.59%), 02/09/29 (a) | |
| 14,675 | | |
| 14,700,833 | |
| 4.32% (SOFR Compound Index+0.65%), 11/04/26 (a) | |
| 1,000 | | |
| 1,001,489 | |
| 4.46% (SOFR+0.81%), 07/20/29 (a) | |
| 16,925 | | |
| 16,958,233 | |
| 4.58% (SOFR+0.93%), 07/26/28 (a) | |
| 3,766 | | |
| 3,784,155 | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.62% (SOFR Compound Index+0.97%), 07/28/27 (a) | |
$ | 1,325 | | |
$ | 1,326,771 | |
| 4.66% (SOFR Compound Index+1.00%), 02/16/28 (a) | |
| 2,275 | | |
| 2,283,805 | |
| 4.67% (SOFR+1.02%), 01/30/31 (a) | |
| 6,700 | | |
| 6,688,260 | |
| 4.91% (SOFR+1.26%), 04/25/29 (a) | |
| 9,050 | | |
| 9,151,713 | |
| American Honda Finance Corp. | |
| | | |
| | |
| 4.27% (SOFR+0.62%), 12/11/26 (a) | |
| 3,450 | | |
| 3,453,077 | |
| 4.31% (SOFR+0.65%), 11/19/27 (a) | |
| 3,128 | | |
| 3,122,496 | |
| 4.36% (SOFR+0.71%), 07/09/27 (a) | |
| 1,800 | | |
| 1,800,398 | |
| 4.37% (SOFR+0.72%), 10/22/27 (a) | |
| 1,325 | | |
| 1,324,794 | |
| 4.38% (SOFR+0.73%), 03/08/27 (a) | |
| 1,750 | | |
| 1,753,338 | |
| 4.39% (SOFR+0.73%), 08/13/27 (a) | |
| 3,500 | | |
| 3,502,326 | |
| 4.40% (SOFR+0.75%), 01/15/27 (a) | |
| 2,350 | | |
| 2,354,008 | |
| 4.42% (SOFR+0.77%), 03/12/27 (a) | |
| 1,400 | | |
| 1,401,860 | |
| 4.43% (SOFR+0.78%), 01/08/29 (a) | |
| 1,000 | | |
| 997,341 | |
| 4.48% (SOFR+0.82%), 03/03/28 (a) | |
| 3,100 | | |
| 3,100,271 | |
| 4.52% (SOFR+0.87%), 07/09/27 (a) | |
| 2,750 | | |
| 2,756,643 | |
| 4.56% (SOFR+0.90%), 09/01/28 (a) | |
| 4,000 | | |
| 4,003,727 | |
Amphenol Corp. 4.19%
(SOFR+0.53%), 11/15/27 (a) | |
| 2,350 | | |
| 2,347,937 | |
| Athene Global Funding 144A | |
| | | |
| | |
| 4.52% (SOFR Compound Index+0.83%), 01/07/27 (a) | |
| 1,775 | | |
| 1,775,825 | |
| 4.60% (SOFR Compound Index+0.95%), 03/06/28 (a) | |
| 4,150 | | |
| 4,143,661 | |
| 4.65% (SOFR Compound Index+1.00%), 09/18/28 (a) | |
| 3,025 | | |
| 3,004,103 | |
| 4.86% (SOFR Compound Index+1.21%), 03/25/27 (a) | |
| 1,775 | | |
| 1,779,963 | |
| Bank of America Corp. | |
| | | |
| | |
| 4.48% (SOFR+0.83%), 01/24/29 (a) | |
| 17,275 | | |
| 17,305,214 | |
| 4.53% (SOFR+0.88%), 04/23/30 (a) | |
| 9,750 | | |
| 9,745,525 | |
| 4.54% (SOFR+0.87%), 02/06/32 (a) | |
| 11,500 | | |
| 11,411,469 | |
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.62% (SOFR+0.97%), 07/22/27 (a) | |
$ | 1,772 | | |
$ | 1,773,930 | |
| 4.66% (SOFR+1.01%), 01/24/31 (a) | |
| 11,525 | | |
| 11,521,292 | |
| 4.72% (SOFR+1.05%), 02/04/28 (a) | |
| 3,855 | | |
| 3,870,821 | |
| 4.77% (SOFR+1.11%), 05/09/29 (a) | |
| 17,355 | | |
| 17,481,585 | |
| 5.00% (SOFR+1.35%), 09/15/27 (a) | |
| 2,225 | | |
| 2,231,661 | |
| Bank of New York Mellon Corp. | |
| | | |
| | |
| 4.28% (SOFR+0.63%), 01/22/30 (a) | |
| 6,775 | | |
| 6,772,831 | |
| 4.33% (SOFR Compound Index+0.68%), 06/09/28 (a) | |
| 3,775 | | |
| 3,781,361 | |
| 4.48% (SOFR Compound Index+0.83%), 07/21/28 (a) | |
| 2,275 | | |
| 2,278,392 | |
| BMW US Capital LLC 144A | |
| | | |
| | |
| 4.37% (SOFR+0.71%), 08/11/27 (a) | |
| 2,200 | | |
| 2,206,544 | |
| 4.43% (SOFR Compound Index+0.78%), 03/19/27 (a) | |
| 2,875 | | |
| 2,883,209 | |
| 4.44% (SOFR+0.79%), 03/17/28 (a) | |
| 5,650 | | |
| 5,661,359 | |
| 4.57% (SOFR Compound Index+0.92%), 03/21/28 (a) | |
| 5,275 | | |
| 5,301,615 | |
| 4.58% (SOFR Compound Index+0.92%), 08/13/27 (a) | |
| 1,325 | | |
| 1,330,923 | |
Cargill, Inc. 144A 4.27%
(SOFR+0.61%), 02/11/28 (a) | |
| 2,425 | | |
| 2,430,220 | |
| Caterpillar Financial Services Corp. | |
| | | |
| | |
| 4.03% (SOFR+0.38%), 01/07/27 (a) | |
| 1,775 | | |
| 1,773,159 | |
| 4.05% (SOFR+0.40%), 01/10/28 (a) | |
| 1,350 | | |
| 1,350,363 | |
| 4.15% (SOFR+0.49%), 02/23/29 (a) | |
| 8,125 | | |
| 8,119,502 | |
| 4.18% (SOFR+0.52%), 05/14/27 (a) | |
| 1,800 | | |
| 1,803,224 | |
| 4.18% (SOFR+0.53%), 07/07/27 (a) | |
| 1,400 | | |
| 1,402,605 | |
| 4.18% (SOFR+0.52%), 03/03/28 (a) | |
| 3,650 | | |
| 3,656,784 | |
| 4.22% (SOFR+0.56%), 11/15/27 (a) | |
| 2,000 | | |
| 2,006,768 | |
| 4.24% (SOFR+0.58%), 11/14/28 (a) | |
| 5,500 | | |
| 5,503,241 | |
| 4.30% (SOFR+0.64%), 08/15/28 (a) | |
| 6,750 | | |
| 6,777,482 | |
| Charles Schwab Corp. | |
| | | |
| | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.71% (SOFR Compound Index+1.05%), 03/03/27 (a) | |
$ | 2,300 | | |
$ | 2,311,095 | |
| Chevron USA, Inc. | |
| | | |
| | |
| 4.02% (SOFR Compound Index+0.36%), 02/26/27 (a) | |
| 3,300 | | |
| 3,302,540 | |
| 4.13% (SOFR Compound Index+0.47%), 02/26/28 (a) | |
| 3,775 | | |
| 3,783,348 | |
| 4.23% (SOFR+0.57%), 08/13/28 (a) | |
| 4,525 | | |
| 4,539,211 | |
| 4.47% (SOFR+0.82%), 10/15/30 (a) | |
| 9,025 | | |
| 9,127,666 | |
| Citibank NA | |
| | | |
| | |
| 4.37% (SOFR+0.71%), 11/19/27 (a) | |
| 3,514 | | |
| 3,517,078 | |
| 4.44% (SOFR+0.78%), 05/29/27 (a) | |
| 5,450 | | |
| 5,475,114 | |
| 4.72% (SOFR Compound Index+1.06%), 12/04/26 (a) | |
| 2,200 | | |
| 2,208,669 | |
| 4.77% (SOFR+1.12%), 05/29/30 †(a) | |
| 11,325 | | |
| 11,425,056 | |
| Citigroup, Inc. | |
| | | |
| | |
| 4.42% (SOFR+0.77%), 06/09/27 (a) | |
| 1,748 | | |
| 1,748,974 | |
| 4.48% (Term SOFR USD 3 Month+0.81%), 08/25/36 (a) | |
| 11,875 | | |
| 10,910,262 | |
| 4.52% (SOFR+0.87%), 03/04/29 (a) | |
| 16,900 | | |
| 16,924,640 | |
| 4.81% (SOFR+1.14%), 05/07/28 (a) | |
| 5,250 | | |
| 5,274,143 | |
| 4.82% (SOFR+1.17%), 09/11/31 †(a) | |
| 10,750 | | |
| 10,806,695 | |
| 4.94% (SOFR+1.28%), 02/24/28 (a) | |
| 3,775 | | |
| 3,795,338 | |
| 5.13% (SOFR+1.46%), 05/07/31 (a) | |
| 6,745 | | |
| 6,860,552 | |
Consolidated Edison Co. of New York, Inc. 4.18%
(SOFR Compound Index+0.52%), 11/18/27 (a) | |
| 1,650 | | |
| 1,648,879 | |
Constellation Energy Generation LLC 4.25%
(SOFR+0.60%), 01/08/28 (a) | |
| 1,425 | | |
| 1,423,807 | |
| Cooperatieve Rabobank UA | |
| | | |
| | |
| 4.06% (SOFR+0.41%), 01/14/28 (a) | |
| 3,250 | | |
| 3,254,503 | |
| 4.24% (SOFR+0.59%), 10/17/28 (a) | |
| 3,875 | | |
| 3,878,309 | |
| 4.25% (SOFR+0.59%), 05/27/27 (a) | |
| 2,225 | | |
| 2,231,239 | |
| 4.25% (SOFR+0.60%), 01/21/28 (a) | |
| 2,325 | | |
| 2,332,295 | |
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.30% (SOFR Compound Index+0.65%), 04/01/29 (a) | |
$ | 13,250 | | |
$ | 13,298,264 | |
| 4.35% (SOFR+0.70%), 01/14/31 (a) | |
| 9,325 | | |
| 9,337,256 | |
| 4.37% (SOFR Compound Index+0.71%), 03/05/27 (a) | |
| 2,665 | | |
| 2,673,514 | |
| 4.54% (SOFR Compound Index+0.89%), 10/17/29 (a) | |
| 11,565 | | |
| 11,668,498 | |
| Corebridge Global Funding 144A | |
| | | |
| | |
| 4.40% (SOFR+0.75%), 01/07/28 (a) | |
| 1,375 | | |
| 1,373,783 | |
| 4.51% (SOFR+0.86%), 12/15/28 (a) | |
| 2,320 | | |
| 2,319,438 | |
| Daimler Truck Finance North America LLC 144A | |
| | | |
| | |
| 4.49% (SOFR+0.84%), 01/13/28 (a) | |
| 2,300 | | |
| 2,303,242 | |
| 4.61% (SOFR+0.96%), 09/25/27 (a) | |
| 1,568 | | |
| 1,572,620 | |
| Deutsche Bank AG | |
| | | |
| | |
| 4.86% (SOFR+1.21%), 01/10/29 (a) | |
| 3,775 | | |
| 3,791,023 | |
| 4.88% (SOFR+1.22%), 11/16/27 (a) | |
| 1,300 | | |
| 1,302,224 | |
| 4.97% (SOFR+1.30%), 08/04/31 (a) | |
| 6,775 | | |
| 6,777,081 | |
Eli Lilly & Co. 4.18%
(SOFR+0.53%), 10/15/28 (a) | |
| 5,800 | | |
| 5,817,228 | |
Equitable America Global Funding 144A 4.36%
(SOFR+0.71%), 09/15/27 (a) | |
| 1,450 | | |
| 1,451,737 | |
F&G Global Funding 144A 4.98%
(SOFR+1.32%), 09/08/28 (a) | |
| 2,425 | | |
| 2,432,401 | |
Fidelity National Information Services, Inc. 4.86%
(SOFR+1.21%), 03/10/29 (a) | |
| 11,375 | | |
| 11,367,303 | |
Fifth Third Bank NA 4.46%
(SOFR+0.81%), 01/28/28 (a) | |
| 2,350 | | |
| 2,350,726 | |
| Ford Motor Credit Co. LLC | |
| | | |
| | |
| 5.12% (SOFR+1.45%), 11/05/26 (a) | |
| 1,000 | | |
| 1,001,246 | |
| 5.68% (SOFR+2.03%), 03/20/28 (a) | |
| 2,675 | | |
| 2,698,173 | |
| General Motors Financial Co., Inc. | |
| | | |
| | |
| 4.70% (SOFR+1.04%), 02/26/27 (a) | |
| 1,312 | | |
| 1,313,856 | |
| 4.70% (SOFR Compound Index+1.05%), 07/15/27 (a) | |
| 1,765 | | |
| 1,765,972 | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.82% (SOFR Compound Index+1.17%), 04/04/28 (a) | |
$ | 2,275 | | |
$ | 2,281,894 | |
| 4.94% (SOFR+1.29%), 01/07/30 (a) | |
| 6,775 | | |
| 6,792,938 | |
| 5.02% (SOFR Compound Index+1.35%), 05/08/27 (a) | |
| 1,525 | | |
| 1,531,929 | |
Glencore Funding LLC 144A 4.71%
(SOFR Compound Index+1.06%), 04/04/27 (a) | |
| 1,556 | | |
| 1,562,104 | |
Goldman Sachs Bank USA 4.41%
(SOFR+0.75%), 05/21/27 (a) | |
| 3,775 | | |
| 3,775,854 | |
| Goldman Sachs Group, Inc. | |
| | | |
| | |
| 4.36% (SOFR+0.71%), 01/21/29 (a) | |
| 16,000 | | |
| 15,973,571 | |
| 4.47% (SOFR+0.82%), 09/10/27 (a) | |
| 1,350 | | |
| 1,351,199 | |
| 4.57% (SOFR+0.92%), 10/21/27 (a) | |
| 1,351 | | |
| 1,353,519 | |
| 4.57% (SOFR+0.92%), 10/21/29 (a) | |
| 11,500 | | |
| 11,517,968 | |
| 4.61% (SOFR+0.96%), 01/21/32 (a) | |
| 11,525 | | |
| 11,486,376 | |
| 4.65% (SOFR+1.00%), 04/20/30 (a) | |
| 9,750 | | |
| 9,770,031 | |
| 4.73% (SOFR+1.08%), 01/28/31 (a) | |
| 9,700 | | |
| 9,726,221 | |
| 4.73% (SOFR+1.08%), 10/21/31 (a) | |
| 11,950 | | |
| 11,989,886 | |
| 4.78% (SOFR+1.12%), 02/24/28 (a) | |
| 2,704 | | |
| 2,714,883 | |
| 4.94% (SOFR+1.29%), 04/23/28 (a) | |
| 3,842 | | |
| 3,867,094 | |
| 5.50% (SOFR+1.85%), 03/15/28 (a) | |
| 2,325 | | |
| 2,348,954 | |
| 5.68% (Term SOFR USD 3 Month+2.01%), 10/28/27 (a) | |
| 4,454 | | |
| 4,485,280 | |
Hartford Financial Services Group, Inc. 144A 6.04%
(Term SOFR USD 3 Month+2.39%), 02/12/47 (a) | |
| 11,400 | | |
| 10,997,957 | |
HCA, Inc. 4.53%
(SOFR+0.87%), 03/01/28 (a) | |
| 2,400 | | |
| 2,408,063 | |
| Hewlett Packard Enterprise Co. | |
| | | |
| | |
| 4.61% (SOFR+0.96%), 09/15/28 (a) | |
| 2,275 | | |
| 2,278,863 | |
| 4.63% (SOFR Compound Index+0.98%), 03/23/28 (a) | |
| 2,250 | | |
| 2,256,904 | |
| Honeywell Aerospace, Inc. 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.28% (SOFR Compound Index+0.63%), 03/16/29 (a) | |
$ | 11,375 | | |
$ | 11,345,544 | |
| HSBC USA, Inc. | |
| | | |
| | |
| 4.62% (SOFR+0.96%), 03/04/27 (a) | |
| 2,195 | | |
| 2,204,627 | |
| 4.63% (SOFR+0.97%), 06/03/28 (a) | |
| 2,650 | | |
| 2,665,218 | |
Huntington National Bank 4.37%
(SOFR+0.72%), 04/12/28 (a) | |
| 3,875 | | |
| 3,877,217 | |
| Hyundai Capital America 144A | |
| | | |
| | |
| 4.54% (SOFR+0.89%), 01/08/29 (a) | |
| 2,650 | | |
| 2,650,364 | |
| 4.57% (SOFR+0.92%), 01/07/28 (a) | |
| 1,550 | | |
| 1,552,856 | |
| 4.64% (SOFR+0.99%), 03/25/27 (a) | |
| 2,850 | | |
| 2,859,259 | |
| 4.68% (SOFR+1.03%), 09/24/27 (a) | |
| 2,200 | | |
| 2,209,308 | |
| 4.69% (SOFR+1.04%), 03/19/27 (a) | |
| 1,775 | | |
| 1,781,388 | |
| 4.69% (SOFR+1.04%), 06/24/27 (a) | |
| 3,300 | | |
| 3,312,874 | |
| 4.72% (SOFR+1.07%), 09/18/28 (a) | |
| 2,275 | | |
| 2,285,687 | |
| 4.72% (SOFR+1.07%), 01/08/31 (a) | |
| 6,775 | | |
| 6,767,919 | |
| 4.77% (SOFR+1.12%), 06/23/27 (a) | |
| 1,775 | | |
| 1,782,897 | |
| 4.95% (SOFR+1.30%), 09/18/30 (a) | |
| 6,775 | | |
| 6,830,326 | |
| 5.00% (SOFR+1.35%), 03/27/30 (a) | |
| 10,168 | | |
| 10,268,686 | |
| 5.15% (SOFR+1.50%), 01/08/27 (a) | |
| 1,325 | | |
| 1,332,391 | |
| Jackson National Life Global Funding 144A | |
| | | |
| | |
| 4.54% (SOFR+0.89%), 06/09/27 (a) | |
| 1,675 | | |
| 1,678,731 | |
| 4.60% (SOFR+0.95%), 09/12/28 (a) | |
| 3,775 | | |
| 3,770,457 | |
| John Deere Capital Corp. | |
| | | |
| | |
| 4.05% (SOFR+0.40%), 01/05/27 (a) | |
| 2,650 | | |
| 2,653,383 | |
| 4.05% (SOFR+0.40%), 01/07/28 (a) | |
| 1,900 | | |
| 1,900,720 | |
| 4.16% (SOFR+0.50%), 03/06/28 (a) | |
| 3,900 | | |
| 3,908,722 | |
| 4.21% (SOFR+0.55%), 03/09/29 (a) | |
| 5,500 | | |
| 5,503,134 | |
| 4.23% (SOFR+0.58%), 09/11/28 (a) | |
| 2,800 | | |
| 2,802,438 | |
| 4.25% (SOFR+0.60%), 04/19/27 (a) | |
| 1,475 | | |
| 1,480,906 | |
| 4.25% (SOFR+0.60%), 06/11/27 (a) | |
| 1,675 | | |
| 1,679,419 | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.33% (SOFR+0.68%), 07/15/27 (a) | |
$ | 1,800 | | |
$ | 1,809,887 | |
| JPMorgan Chase & Co. | |
| | | |
| | |
| 4.42% (SOFR+0.77%), 09/22/27 (a) | |
| 2,230 | | |
| 2,232,474 | |
| 4.45% (SOFR+0.80%), 01/24/29 (a) | |
| 17,278 | | |
| 17,320,591 | |
| 4.47% (SOFR+0.82%), 04/23/30 (a) | |
| 10,000 | | |
| 10,008,178 | |
| 4.49% (SOFR+0.84%), 01/22/32 (a) | |
| 9,200 | | |
| 9,139,644 | |
| 4.51% (SOFR+0.86%), 10/22/28 (a) | |
| 3,826 | | |
| 3,841,285 | |
| 4.57% (SOFR+0.92%), 04/22/28 (a) | |
| 5,708 | | |
| 5,731,274 | |
| 4.58% (SOFR+0.93%), 07/22/28 (a) | |
| 5,719 | | |
| 5,737,851 | |
| 4.84% (SOFR+1.18%), 02/24/28 (a) | |
| 5,773 | | |
| 5,806,509 | |
| 4.85% (SOFR+1.20%), 01/23/28 (a) | |
| 3,862 | | |
| 3,882,351 | |
| 4.91% (Term SOFR USD 3 Month+1.26%), 05/15/47 (a) | |
| 8,100 | | |
| 7,304,322 | |
JPMorgan Chase Bank NA 4.65%
(SOFR+1.00%), 12/08/26 (a) | |
| 4,475 | | |
| 4,492,859 | |
| Keurig Dr Pepper, Inc. | |
| | | |
| | |
| 4.24% (SOFR+0.58%), 11/15/26 (a) | |
| 1,000 | | |
| 1,000,831 | |
| 4.53% (SOFR Compound Index+0.88%), 03/15/27 (a) | |
| 1,576 | | |
| 1,577,975 | |
Marsh & McLennan Cos, Inc. 4.37%
(SOFR Compound Index+0.70%), 11/08/27 (a) | |
| 1,425 | | |
| 1,426,579 | |
| MassMutual Global Funding II 144A | |
| | | |
| | |
| 4.31% (SOFR+0.66%), 01/22/29 (a) | |
| 6,050 | | |
| 6,049,967 | |
| 4.33% (SOFR+0.68%), 08/01/28 (a) | |
| 4,750 | | |
| 4,754,606 | |
| 4.39% (SOFR+0.74%), 04/09/27 (a) | |
| 1,570 | | |
| 1,574,502 | |
| 4.42% (SOFR+0.77%), 01/29/27 (a) | |
| 1,350 | | |
| 1,354,841 | |
Mastercard, Inc. 4.09%
(SOFR Compound Index+0.44%), 03/15/28 (a) | |
| 2,375 | | |
| 2,377,383 | |
| Mercedes-Benz Finance North America LLC 144A | |
| | | |
| | |
| 4.36% (SOFR+0.71%), 03/10/28 (a) | |
| 2,000 | | |
| 2,000,834 | |
| 4.43% (SOFR+0.78%), 04/01/27 (a) | |
| 2,850 | | |
| 2,857,174 | |
| 4.51% (SOFR+0.85%), 11/15/27 (a) | |
| 2,425 | | |
| 2,432,018 | |
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.58% (SOFR+0.93%), 03/31/28 (a) | |
$ | 3,425 | | |
$ | 3,438,070 | |
| Merck & Co., Inc. | |
| | | |
| | |
| 4.11% (SOFR+0.46%), 09/15/27 (a) | |
| 2,225 | | |
| 2,230,604 | |
| 4.22% (SOFR+0.57%), 03/15/29 (a) | |
| 11,300 | | |
| 11,323,363 | |
| Metropolitan Life Global Funding I 144A | |
| | | |
| | |
| 4.27% (SOFR Compound Index+0.62%), 04/13/28 (a) | |
| 2,500 | | |
| 2,502,184 | |
| 4.35% (SOFR Compound Index+0.70%), 06/11/27 (a) | |
| 1,575 | | |
| 1,578,712 | |
| 4.36% (SOFR+0.70%), 08/25/28 (a) | |
| 3,100 | | |
| 3,101,416 | |
| Morgan Stanley | |
| | | |
| | |
| 4.45% (SOFR+0.80%), 01/09/30 (a) | |
| 17,230 | | |
| 17,136,129 | |
| 4.57% (SOFR+0.92%), 10/18/29 (a) | |
| 5,600 | | |
| 5,606,407 | |
| 4.62% (SOFR Compound Index+0.97%), 04/10/30 (a) | |
| 250 | | |
| 250,402 | |
| 4.67% (SOFR+1.02%), 04/13/28 (a) | |
| 7,900 | | |
| 7,929,873 | |
| 5.03% (SOFR+1.38%), 04/12/29 (a) | |
| 11,975 | | |
| 12,111,090 | |
| Morgan Stanley Bank NA | |
| | | |
| | |
| 4.34% (SOFR+0.69%), 10/15/27 (a) | |
| 5,825 | | |
| 5,829,769 | |
| 4.52% (SOFR+0.86%), 05/26/28 (a) | |
| 6,500 | | |
| 6,511,409 | |
| 4.55% (SOFR+0.90%), 01/12/29 (a) | |
| 11,650 | | |
| 11,695,389 | |
| 4.59% (SOFR+0.94%), 07/14/28 (a) | |
| 7,900 | | |
| 7,925,017 | |
| 4.73% (SOFR+1.08%), 01/14/28 (a) | |
| 3,575 | | |
| 3,587,944 | |
| Morgan Stanley Private Bank NA | |
| | | |
| | |
| 4.42% (SOFR+0.77%), 07/06/28 (a) | |
| 9,150 | | |
| 9,174,409 | |
| 4.44% (SOFR+0.78%), 11/17/28 (a) | |
| 3,900 | | |
| 3,907,840 | |
| 4.44% (SOFR+0.77%), 02/08/30 (a) | |
| 11,500 | | |
| 11,443,725 | |
| National Rural Utilities Cooperative Finance Corp. | |
| | | |
| | |
| 4.10% (SOFR Compound Index+0.43%), 08/09/27 (a) | |
| 2,000 | | |
| 2,000,856 | |
| 4.47% (SOFR+0.80%), 02/05/27 (a) | |
| 1,375 | | |
| 1,378,290 | |
| 4.47% (SOFR+0.82%), 09/16/27 (a) | |
| 1,800 | | |
| 1,808,628 | |
| National Securities Clearing Corp. 144A | |
| | | |
| | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.23% (SOFR+0.57%), 05/20/27 (a) | |
$ | 1,875 | | |
$ | 1,877,428 | |
| New York Life Global Funding 144A | |
| | | |
| | |
| 4.08% (SOFR+0.41%), 02/05/27 (a) | |
| 2,450 | | |
| 2,449,543 | |
| 4.20% (SOFR+0.55%), 06/11/27 (a) | |
| 2,675 | | |
| 2,677,310 | |
| 4.24% (SOFR+0.57%), 02/02/29 (a) | |
| 6,900 | | |
| 6,897,246 | |
| 4.31% (SOFR+0.66%), 07/25/28 (a) | |
| 3,100 | | |
| 3,097,729 | |
| 4.32% (SOFR+0.67%), 04/02/27 (a) | |
| 3,100 | | |
| 3,106,961 | |
| 4.33% (SOFR+0.68%), 04/20/29 (a) | |
| 7,500 | | |
| 7,521,120 | |
| 4.53% (SOFR+0.88%), 04/25/28 (a) | |
| 3,100 | | |
| 3,123,086 | |
NextEra Energy Capital Holdings, Inc. 4.47%
(SOFR Compound Index+0.80%), 02/04/28 (a) | |
| 3,875 | | |
| 3,891,436 | |
Northwestern Mutual Global Funding 144A 4.32%
(SOFR+0.66%), 08/25/28 (a) | |
| 2,375 | | |
| 2,378,965 | |
| Novartis Capital Corp. | |
| | | |
| | |
| 4.19% (SOFR+0.52%), 11/05/28 (a) | |
| 9,550 | | |
| 9,589,761 | |
| 4.30% (SOFR Compound Index+0.65%), 03/16/29 (a) | |
| 7,500 | | |
| 7,543,589 | |
| Oracle Corp. | |
| | | |
| | |
| 4.43% (SOFR+0.76%), 08/03/28 (a) | |
| 3,775 | | |
| 3,707,351 | |
| 4.78% (SOFR Compound Index+1.11%), 02/04/29 (a) | |
| 11,425 | | |
| 11,348,454 | |
| Pacific Life Global Funding II 144A | |
| | | |
| | |
| 4.15% (SOFR+0.48%), 02/04/27 (a) | |
| 2,200 | | |
| 2,202,743 | |
| 4.23% (SOFR+0.58%), 12/20/27 (a) | |
| 1,325 | | |
| 1,325,959 | |
| 4.25% (SOFR+0.60%), 01/27/28 (a) | |
| 2,625 | | |
| 2,624,353 | |
| 4.40% (SOFR+0.75%), 07/10/28 (a) | |
| 3,400 | | |
| 3,405,429 | |
| 4.52% (SOFR+0.85%), 02/05/27 (a) | |
| 2,200 | | |
| 2,207,572 | |
PayPal Holdings, Inc. 4.32%
(SOFR+0.67%), 03/06/28 (a) | |
| 3,500 | | |
| 3,506,728 | |
Pfizer, Inc. 4.16%
(SOFR+0.50%), 11/15/27 (a) | |
| 2,275 | | |
| 2,281,589 | |
| Philip Morris International, Inc. | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.31% (SOFR+0.66%), 10/27/28 (a) | |
$ | 2,275 | | |
$ | 2,275,726 | |
| 4.48% (SOFR+0.83%), 04/28/28 (a) | |
| 3,000 | | |
| 3,010,459 | |
PNC Bank NA 4.38%
(SOFR+0.73%), 07/21/28 (a) | |
| 2,275 | | |
| 2,276,975 | |
PNC Financial Services Group, Inc. 4.27%
(SOFR+0.62%), 01/26/29 (a) | |
| 6,775 | | |
| 6,772,541 | |
Principal Life Global Funding II 144A 4.47%
(SOFR+0.81%), 08/18/28 (a) | |
| 2,375 | | |
| 2,375,754 | |
Protective Life Global Funding 144A 4.50%
(SOFR+0.85%), 09/11/28 (a) | |
| 3,850 | | |
| 3,860,698 | |
Public Storage Operating Co. 4.35%
(SOFR Compound Index+0.70%), 04/16/27 (a) | |
| 3,200 | | |
| 3,206,008 | |
Roche Holdings, Inc. 144A 4.40%
(SOFR+0.74%), 11/13/26 (a) | |
| 750 | | |
| 752,097 | |
Sammons Financial Group Global Funding 144A 4.51%
(SOFR+0.85%), 09/02/27 (a) | |
| 1,800 | | |
| 1,800,584 | |
Santander Holdings USA, Inc. 5.26%
(SOFR+1.61%), 03/20/29 (a) | |
| 9,125 | | |
| 9,219,069 | |
Shell Finance US, Inc. 4.45%
(SOFR+0.78%), 11/06/30 (a) | |
| 8,000 | | |
| 8,030,444 | |
State Street Bank & Trust Co. 4.12%
(SOFR+0.46%), 11/25/26 (a) | |
| 500 | | |
| 500,723 | |
| State Street Corp. | |
| | | |
| | |
| 4.29% (SOFR+0.64%), 10/22/27 (a) | |
| 1,325 | | |
| 1,327,385 | |
| 4.60% (SOFR+0.95%), 04/24/28 (a) | |
| 2,275 | | |
| 2,285,517 | |
Stellantis Financial Services US Corp. 144A 5.34%
(SOFR+1.69%), 09/15/28 (a) | |
| 2,375 | | |
| 2,382,182 | |
| Toyota Motor Credit Corp. | |
| | | |
| | |
| 4.06% (SOFR+0.43%), 06/09/27 (a) | |
| 2,425 | | |
| 2,427,782 | |
| 4.10% (SOFR+0.45%), 01/12/28 (a) | |
| 3,100 | | |
| 3,098,021 | |
| 4.12% (SOFR+0.47%), 01/08/27 (a) | |
| 1,775 | | |
| 1,776,912 | |
| 4.30% (SOFR+0.65%), 03/19/27 (a) | |
| 2,000 | | |
| 2,005,764 | |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.30% (SOFR Compound Index+0.65%), 03/13/29 (a) | |
$ | 8,250 | | |
$ | 8,257,373 | |
| 4.37% (SOFR+0.71%), 05/14/27 (a) | |
| 2,208 | | |
| 2,214,171 | |
| 4.38% (SOFR+0.72%), 09/05/28 (a) | |
| 6,500 | | |
| 6,526,428 | |
| Truist Bank | |
| | | |
| | |
| 4.31% (SOFR+0.66%), 01/27/29 (a) | |
| 250 | | |
| 249,978 | |
| 4.42% (SOFR+0.77%), 07/24/28 (a) | |
| 11,000 | | |
| 11,013,242 | |
UBS AG 4.46%
(SOFR+0.81%), 03/16/29 (a) | |
| 10,750 | | |
| 10,767,719 | |
| US Bank NA | |
| | | |
| | |
| 4.34% (SOFR+0.69%), 10/22/27 (a) | |
| 2,200 | | |
| 2,202,203 | |
| 4.57% (SOFR+0.91%), 05/15/28 (a) | |
| 3,775 | | |
| 3,789,888 | |
Volkswagen Group of America Finance LLC 144A 4.71%
(SOFR+1.06%), 03/25/27 (a) | |
| 1,325 | | |
| 1,329,912 | |
Walmart, Inc. 4.08%
(SOFR Compound Index+0.43%), 04/28/27 (a) | |
| 3,375 | | |
| 3,381,589 | |
Walt Disney Co. 4.14%
(SOFR Compound Index+0.47%), 03/14/29 (a) | |
| 11,375 | | |
| 11,351,667 | |
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| Wells Fargo & Co. | |
| | | |
| | |
| 4.39% (SOFR+0.74%), 01/23/30 (a) | |
$ | 11,600 | | |
$ | 11,550,561 | |
| 4.43% (SOFR+0.78%), 01/24/28 (a) | |
| 5,150 | | |
| 5,158,001 | |
| 4.53% (SOFR+0.88%), 09/15/29 (a) | |
| 14,300 | | |
| 14,326,058 | |
| 4.72% (SOFR+1.07%), 04/22/28 (a) | |
| 8,350 | | |
| 8,388,460 | |
| 5.02% (SOFR+1.37%), 04/23/29 (a) | |
| 11,950 | | |
| 12,096,857 | |
Wells Fargo Bank NA 4.72%
(SOFR+1.07%), 12/11/26 (a) | |
| 2,246 | | |
| 2,254,894 | |
| | |
| | | |
| 1,218,196,750 | |
Total Floating Rate Notes
(Cost: $2,639,025,438) | |
| | | |
| 2,645,085,853 | |
| | |
| | | |
| | |
| | |
| Number
of Shares | | |
| | |
| SHORT-TERM
INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.1% |
| | |
Money Market Fund: 0.1%
(Cost: $3,394,109) | |
| | | |
| | |
| State Street Navigator Securities Lending Government Money Market Portfolio
3.67%(b) | |
| 3,394,109 | | |
| 3,394,109 | |
Total Investments: 99.3%
(Cost: $2,642,419,547) | |
| | | |
| 2,648,479,962 | |
| Other
assets less liabilities: 0.7% | | |
| 19,231,483 | |
| NET
ASSETS: 100.0% | |
| | | |
$ | 2,667,711,445 | |
Definitions:
| SOFR |
Secured Overnight Financing Rate |
| USD |
United States Dollar |
Footnotes:
| (a) |
Variable rate security — the rate shown is as of 04/30/26 |
| (b) |
The rate shown is the 7-day yield as of 04/30/26. |
| † |
Security fully or partially on loan. Total market value of securities on loan is $30,095,813. |
| |
|
| 144A |
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities
may be resold in transactions exempt from registration, unless otherwise noted. These securities have an aggregate value of $979,804,916,
or 36.7% of net assets. |
See Notes to Financial Statements
VANECK IG FLOATING RATE ETF
SCHEDULE OF INVESTMENTS
(continued)
The summary of inputs used to value the Fund’s investments as of April 30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Floating Rate Notes * | |
$ | — | | |
$ | 2,645,085,853 | | |
$ | — | | |
$ | 2,645,085,853 | |
| Money Market Fund | |
| 3,394,109 | | |
| — | | |
| — | | |
| 3,394,109 | |
| Total Investments | |
$ | 3,394,109 | | |
$ | 2,645,085,853 | | |
$ | — | | |
$ | 2,648,479,962 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
| Par
(000’s | ) | |
| Value | |
| MUNICIPAL BONDS: 98.0% | |
| | | |
| | |
| Alabama: 3.4% | |
| | | |
| | |
Alabama Highway Authority (RB) (AG) 5.00%, 09/01/43 (c) | |
$ | 3,400 | | |
$ | 3,733,389 | |
Alabama Highway Authority Special (RB) (AG) 5.00%, 09/01/41 (c) | |
| 2,500 | | |
| 2,783,408 | |
| Alabama Public School and College Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 11/01/36 (c) | |
| 2,000 | | |
| 2,046,876 | |
| 5.00%, 11/01/34 (c) | |
| 2,015 | | |
| 2,185,690 | |
| Auburn University, Alabama, Series B (RB) | |
| | | |
| | |
| 5.00%, 06/01/35 | |
| 1,000 | | |
| 1,153,846 | |
| 5.00%, 06/01/36 (c) | |
| 1,000 | | |
| 1,143,737 | |
Black Belt Energy Gas District (RB) 5.00%, 12/01/34 (c) | |
| 1,000 | | |
| 1,077,113 | |
Black Belt Energy Gas District Gas Project, Series F (RB) 5.00%, 12/01/35 (c) | |
| 3,000 | | |
| 3,180,937 | |
Black Belt Energy Gas District Gas Project, Series G (RB) 5.00%, 10/01/35 (c) | |
| 1,000 | | |
| 1,051,180 | |
Black Belt Energy Gas District, Gas Project, Series A (RB) 5.00%, 12/01/34 (c) | |
| 1,000 | | |
| 1,050,330 | |
| Black Belt Energy Gas District, Series A (RB) | |
| | | |
| | |
| 4.00%, 06/01/51 (c) (p) | |
| 5,065 | | |
| 5,135,779 | |
| 5.25%, 05/01/56 (c) (p) | |
| 1,500 | | |
| 1,525,164 | |
| Black Belt Energy Gas District, Series B (RB) | |
| | | |
| | |
| 5.00%, 10/01/35 (c) | |
| 1,000 | | |
| 1,003,609 | |
| 5.00%, 10/01/55 (c) (p) | |
| 1,000 | | |
| 1,047,454 | |
Black Belt Energy Gas District, Series D (RB) 5.00%, 12/01/55 (c) (p) | |
| 2,000 | | |
| 2,121,546 | |
Black Belt Energy Gas District, Series E (RB) 5.00%, 12/01/55 (c) (p) | |
| 4,780 | | |
| 5,075,369 | |
Black Belt Energy Gas District, Series I (RB) 5.00%, 10/01/33 (c) | |
| 1,500 | | |
| 1,600,637 | |
Board of Trustees of the University of Alabama, Series B (RB) 3.00%, 07/01/33 (c) | |
| 860 | | |
| 846,312 | |
| County of Jefferson, Alabama Sewer Warrants (RB) | |
| | | |
| | |
| 5.00%, 10/01/37 (c) | |
| 1,000 | | |
| 1,091,342 | |
| 5.00%, 10/01/38 (c) | |
| 2,000 | | |
| 2,170,432 | |
| 5.25%, 10/01/40 (c) | |
| 1,000 | | |
| 1,092,477 | |
Energy Southeast, A Cooperative District Energy Supply, Series A (RB) 5.00%, 11/01/35 (c) | |
| 1,000 | | |
| 1,050,993 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Alabama (continued) | |
| | | |
| | |
Energy Southeast, A Cooperative District Energy Supply, Series B (RB) 5.00%, 09/01/33 (c) | |
$ | 1,000 | | |
$ | 1,024,629 | |
Lower Alabama Gas District Gas Project, Series A (RB) 5.00%, 12/01/33 (c) | |
| 1,500 | | |
| 1,569,411 | |
Lower Alabama Gas District, Series A (RB) 5.00%, 09/01/34 | |
| 2,500 | | |
| 2,626,718 | |
Southeast Alabama Gas Supply District, Project No. 1, Series A (RB) 5.00%, 08/01/54 (c) (p) | |
| 1,000 | | |
| 1,065,628 | |
Southeast Alabama Gas Supply District, Series B (RB) 5.00%, 06/01/49 (c) (p) | |
| 2,000 | | |
| 2,106,183 | |
Southeast Energy Authority, A Cooperative District Energy Supply, Series B (RB) 5.00%, 09/01/35 (c) | |
| 4,500 | | |
| 4,850,046 | |
Southeast Energy Authority, A Cooperative District Energy Supply, Series C (RB) 5.00%, 10/01/55 (c) (p) | |
| 2,000 | | |
| 2,124,123 | |
Southeast Energy Authority, Cooperative District Commodity Supply, Project No.2, Series B (RB) 4.00%, 12/01/51 (c) (p) | |
| 3,000 | | |
| 3,016,954 | |
Southeast Energy Authority, Cooperative District Energy Supply, Series A (RB) 5.00%, 11/01/35 (c) | |
| 2,000 | | |
| 2,049,629 | |
Southeast Energy Authority, Cooperative District Energy Supply, Series B (RB) 5.25%, 03/01/55 (c) (p) | |
| 1,000 | | |
| 1,035,178 | |
Southeast Energy Authority, Cooperative District Gas Supply, Series F (RB) 5.25%, 11/01/55 (c) (p) | |
| 5,500 | | |
| 5,950,908 | |
Southeast Energy Authority, Series A (RB) 5.00%, 01/01/56 (c) (p) | |
| 1,000 | | |
| 1,024,742 | |
The Black Belt Energy Gas District, Series D (RB) 5.00%, 03/01/55 (c) (p) | |
| 1,000 | | |
| 1,065,992 | |
University of Alabama, Board of Trustee, Series A (RB) 4.00%, 07/01/35 (c) | |
| 820 | | |
| 833,807 | |
| | |
| | | |
| 73,511,568 | |
| Alaska: 0.0% | |
| | | |
| | |
Alaska Housing Finance Corp., Series B (RB) 2.15%, 06/01/36 (c) | |
| 1,040 | | |
| 883,193 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Arizona: 1.1% | |
| | | |
| | |
Arizona Industrial Development Authority, Point 320 LLC, Series A (RB) 3.62%, 05/20/33 | |
$ | 1,553 | | |
$ | 1,551,246 | |
| City of Mesa, Arizona Utility System (RB) (AG) | |
| | | |
| | |
| 5.00%, 07/01/40 (c) | |
| 1,500 | | |
| 1,663,721 | |
| 5.00%, 07/01/41 (c) | |
| 1,000 | | |
| 1,103,417 | |
City of Phoenix Civic Improvement Corp., Junior Lien Water System (RB) 5.00%, 07/01/40 (c) | |
| 1,895 | | |
| 2,089,951 | |
| City of Phoenix Civic Improvement Corp., Rental Car Facility Charge, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/32 (c) | |
| 1,000 | | |
| 1,060,711 | |
| 5.00%, 07/01/34 (c) | |
| 1,275 | | |
| 1,346,886 | |
City of Phoenix Civic Improvement Corp., Senior Lien Airport, Series D (RB) 5.00%, 07/01/33 (c) | |
| 550 | | |
| 562,899 | |
Maricopa County, Arizona Pollution Control, Southern California Edison Company, Series A (RB) 2.40%, 06/01/35 (c) | |
| 2,350 | | |
| 2,017,315 | |
Maricopa County, Arizona Pollution Control, Southern California Edison Company, Series B (RB) 2.40%, 06/01/35 (c) | |
| 1,500 | | |
| 1,287,648 | |
| Maricopa County, Industrial Development Authority, Banner Health, Series A (RB) | |
| | | |
| | |
| 4.00%, 01/01/38 (c) | |
| 1,000 | | |
| 1,008,583 | |
| 4.00%, 01/01/41 (c) | |
| 2,000 | | |
| 1,950,733 | |
| 5.00%, 01/01/38 (c) | |
| 605 | | |
| 614,159 | |
Salt River Project Agricultural Improvement and Power District, Series A (RB) 5.00%, 01/01/32 (c) | |
| 2,380 | | |
| 2,469,996 | |
Salt Verde Financial Corp. (RB) 5.00%, 12/01/37 | |
| 4,600 | | |
| 4,880,311 | |
| | |
| | | |
| 23,607,576 | |
| Arkansas: 0.2% | |
| | | |
| | |
Arkansas Development Finance Authority (RB) 5.00%, 06/01/44 (c) | |
| 2,500 | | |
| 2,720,822 | |
City of Fort Worth, Water and Sewer Construction (RB) 5.00%, 10/01/34 (c) | |
| 1,000 | | |
| 1,035,305 | |
| | |
| | | |
| 3,756,127 | |
| California: 16.4% | |
| | | |
| | |
Anaheim Housing and Public Improvements Authority, Electric Utility Distribution Improvements, Series A (RB) 5.00%, 10/01/35 (c) | |
| 1,000 | | |
| 1,028,481 | |
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
| Bay Area Toll Authority, Series S-7 (RB) | |
| | | |
| | |
| 3.25%, 04/01/36 (c) | |
$ | 1,270 | | |
$ | 1,207,453 | |
| 4.00%, 04/01/33 (c) | |
| 2,905 | | |
| 2,929,753 | |
California Community Choice Financing Authority, Clean Energy Project, Series A (RB) 5.00%, 01/01/56 (c) (p) | |
| 1,000 | | |
| 1,028,301 | |
California Community Choice Financing Authority, Clean Energy Project, Series A-1 (RB) 5.00%, 04/01/56 (c) (p) | |
| 1,500 | | |
| 1,608,479 | |
California Community Choice Financing Authority, Clean Energy Project, Series B (RB) 5.00%, 03/01/56 (c) (p) | |
| 1,500 | | |
| 1,601,657 | |
| California Community Choice Financing Authority, Clean Energy Project, Series C (RB) | |
| | | |
| | |
| 5.00%, 08/01/55 (c) (p) | |
| 10,345 | | |
| 10,794,391 | |
| 5.25%, 01/01/54 (c) (p) | |
| 5,065 | | |
| 5,361,467 | |
| California Community Choice Financing Authority, Clean Energy Project, Series D (RB) | |
| | | |
| | |
| 5.00%, 02/01/55 (c) (p) | |
| 3,000 | | |
| 3,234,311 | |
| 5.00%, 10/01/55 (c) (p) | |
| 2,000 | | |
| 2,024,002 | |
| California Community Choice Financing Authority, Clean Energy Project, Series E (RB) | |
| | | |
| | |
| 5.00%, 02/01/55 (c) (p) | |
| 3,000 | | |
| 3,183,501 | |
| 5.00%, 10/01/56 (c) (p) | |
| 5,000 | | |
| 5,362,213 | |
| California Community Choice Financing Authority, Clean Energy Project, Series F (RB) | |
| | | |
| | |
| 5.00%, 11/01/33 (c) | |
| 1,000 | | |
| 1,082,278 | |
| 5.00%, 02/01/55 (c) (p) | |
| 9,000 | | |
| 9,562,177 | |
California Community Choice Financing Authority, Clean Energy Project, Series G (RB) 5.00%, 12/01/35 (c) | |
| 2,500 | | |
| 2,720,654 | |
California Community Choice Financing Authority, Clean Energy Project, Series H (RB) 5.00%, 01/01/56 (c) (p) | |
| 7,500 | | |
| 8,108,576 | |
| California Health Facilities Financing Authority, Adventist Health System, Series A (RB) | |
| | | |
| | |
| 3.00%, 03/01/39 (c) | |
| 1,000 | | |
| 854,621 | |
| 5.25%, 12/01/40 (c) | |
| 1,250 | | |
| 1,359,097 | |
California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series B (RB) 3.00%, 08/15/34 (c) | |
| 400 | | |
| 390,072 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
| California Health Facilities Financing Authority, CommonSpirit Health, Series A (RB) | |
| | | |
| | |
| 4.00%, 04/01/37 (c) | |
$ | 1,060 | | |
$ | 1,069,936 | |
| 4.00%, 04/01/38 (c) | |
| 500 | | |
| 503,205 | |
California Health Facilities Financing Authority, Providence St. Joseph Health, Series A (RB) 3.00%, 10/01/41 (c) | |
| 680 | | |
| 585,006 | |
| California Health Facilities Financing Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 03/01/43 (c) | |
| 1,000 | | |
| 924,116 | |
| 5.00%, 12/01/35 (c) | |
| 1,000 | | |
| 1,115,340 | |
California Health Facilities Financing Authority, Sutter Health, Series A (RB) 5.00%, 11/15/35 (c) | |
| 1,575 | | |
| 1,621,205 | |
California Health Facilities Financing Authority, Sutter Health, Series B (RB) 4.00%, 11/15/41 (c) | |
| 1,000 | | |
| 990,219 | |
California Housing Finance Agency (RB) 3.75%, 03/25/35 | |
| 5,935 | | |
| 6,007,003 | |
California Municipal Finance Authority (RB) 4.00%, 11/20/40 | |
| 1,992 | | |
| 1,976,153 | |
California Municipal Finance Authority, Community Medical Centers, Series A (RB) 4.00%, 02/01/42 (c) | |
| 1,165 | | |
| 1,123,293 | |
| California State Public Works Board (RB) | |
| | | |
| | |
| 5.00%, 11/01/40 (c) | |
| 1,500 | | |
| 1,696,139 | |
| 5.00%, 11/01/41 (c) | |
| 2,000 | | |
| 2,256,018 | |
| 5.00%, 11/01/42 (c) | |
| 1,000 | | |
| 1,121,831 | |
California State Public Works Board, Department of Corrections and Rehabilitation, Series D (RB) 3.00%, 09/01/32 (c) | |
| 360 | | |
| 353,773 | |
California State Public Works Board, May Lee State Office Complex, Series A (RB) 5.00%, 04/01/41 (c) | |
| 1,750 | | |
| 1,941,443 | |
California State Public Works Board, New Natural Resources Headquarters, Series C (RB) 5.00%, 11/01/40 (c) | |
| 2,650 | | |
| 2,873,606 | |
California State Public Works Board, Various Capital Projects, Series A (RB) 5.00%, 08/01/35 (c) | |
| 2,000 | | |
| 2,201,605 | |
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
| California State Public Works Board, Various Capital Projects, Series B (RB) | |
| | | |
| | |
| 5.00%, 12/01/34 (c) | |
$ | 2,000 | | |
$ | 2,249,726 | |
| 5.00%, 12/01/35 (c) | |
| 1,845 | | |
| 2,064,195 | |
| California State Public Works Board, Various Capital Projects, Series C (RB) | |
| | | |
| | |
| 5.00%, 08/01/34 (c) | |
| 1,000 | | |
| 1,105,009 | |
| 5.00%, 09/01/35 (c) | |
| 2,835 | | |
| 3,256,358 | |
| 5.00%, 09/01/36 (c) | |
| 3,000 | | |
| 3,423,086 | |
California Statewide Communities Development Authority, Front Porch Communities and Services, Series A (RB) 3.00%, 04/01/37 (c) | |
| 1,000 | | |
| 920,544 | |
| Central Valley Energy Authority (RB) | |
| | | |
| | |
| 5.00%, 08/01/34 (c) | |
| 2,000 | | |
| 2,128,765 | |
| 5.00%, 12/01/55 (c) (p) | |
| 2,000 | | |
| 2,135,429 | |
City of Los Angeles Department of Airports, Series A (RB) 5.00%, 05/15/35 | |
| 1,000 | | |
| 1,186,575 | |
| City of Los Angeles, Department of Airports, Los Angeles International Airport, Series B (RB) | |
| | | |
| | |
| 4.00%, 05/15/36 (c) | |
| 1,000 | | |
| 1,031,892 | |
| 5.00%, 05/15/37 (c) | |
| 1,400 | | |
| 1,539,567 | |
| City of Los Angeles, Department of Water and Power, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/37 (c) | |
| 1,150 | | |
| 1,256,057 | |
| 5.00%, 07/01/38 (c) | |
| 1,900 | | |
| 2,073,800 | |
County of Los Angeles, Long Beach Unified School District, Series D-1 (GO) 0.00%, 08/01/39 (c) ^ | |
| 1,250 | | |
| 710,582 | |
County of Santa Clara, Series C (GO) 5.00%, 08/01/33 (c) | |
| 525 | | |
| 540,159 | |
Department of Water and Power, City of Los Angeles, Series A (RB) 5.00%, 07/01/38 (c) | |
| 445 | | |
| 483,377 | |
Eastern Municipal Water District, Financing Authority, Water and Wastewater, Series B (RB) (BAM) 4.00%, 07/01/35 (c) | |
| 1,150 | | |
| 1,151,132 | |
El Camino, California Community College District, Series A (GO) 4.00%, 08/01/41 (c) | |
| 1,735 | | |
| 1,740,862 | |
Fontana Redevelopment Agency Successor Agency, Series A (TA) 5.00%, 10/01/32 (c) | |
| 760 | | |
| 783,146 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
Foothill-Eastern Transportation Corridor Agency, Junior Lien Toll Road., Series C (RB) 4.00%, 01/15/43 (c) | |
$ | 1,600 | | |
$ | 1,575,992 | |
Kern High School District, Series C (GO) (AG) 2.00%, 08/01/32 (c) | |
| 3,000 | | |
| 2,714,290 | |
Los Angeles California, Department of Airports of The City of Los Angeles, Series D (RB) 5.00%, 05/15/41 (c) | |
| 2,000 | | |
| 2,266,994 | |
Los Angeles Community College District, Series J (GO) 4.00%, 08/01/33 (c) | |
| 750 | | |
| 760,092 | |
Los Angeles Community College District, Series L (GO) 5.00%, 08/01/36 (c) | |
| 1,000 | | |
| 1,132,577 | |
| Los Angeles County Metropolitan Transportation Authority, Sales Tax, Series A (RB) | |
| | | |
| | |
| 4.00%, 06/01/35 (c) | |
| 1,000 | | |
| 1,044,883 | |
| 4.00%, 06/01/36 (c) | |
| 1,045 | | |
| 1,085,823 | |
| 4.00%, 06/01/38 (c) | |
| 1,460 | | |
| 1,507,043 | |
| 4.00%, 06/01/39 (c) | |
| 1,000 | | |
| 1,028,560 | |
| 5.00%, 06/01/35 (c) | |
| 1,000 | | |
| 1,085,600 | |
| 5.00%, 07/01/36 (c) | |
| 900 | | |
| 993,964 | |
| 5.00%, 07/01/37 (c) | |
| 1,060 | | |
| 1,165,975 | |
| 5.00%, 07/01/38 (c) | |
| 1,880 | | |
| 2,062,042 | |
Los Angeles County Metropolitan Transportation Authority, Series B (RB) 5.00%, 07/01/46 (c) | |
| 1,000 | | |
| 1,097,291 | |
Los Angeles County Public Works Financing Authority, Lakma Bulding for Permanent Collection Project, Series A (RB) 4.00%, 12/01/38 (c) | |
| 1,500 | | |
| 1,529,889 | |
Los Angeles County, Public Works Financing Authority, Series H (RB) 5.25%, 12/01/41 (c) | |
| 3,000 | | |
| 3,448,345 | |
Los Angeles Department of International Airport, Series B (RB) 4.00%, 05/15/39 (c) | |
| 1,900 | | |
| 1,937,602 | |
| Los Angeles Department of Water & Power (RB) | |
| | | |
| | |
| 5.00%, 07/01/36 (c) | |
| 2,000 | | |
| 2,247,812 | |
| 5.00%, 07/01/40 (c) | |
| 4,000 | | |
| 4,380,941 | |
| 5.00%, 07/01/42 (c) | |
| 4,000 | | |
| 4,338,521 | |
| Los Angeles Department of Water & Power (RB) (BAM) | |
| | | |
| | |
| 5.00%, 07/01/35 (c) | |
| 500 | | |
| 564,955 | |
| 5.00%, 07/01/36 (c) | |
| 500 | | |
| 561,039 | |
| 5.00%, 07/01/40 (c) | |
| 325 | | |
| 355,779 | |
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
Los Angeles Department of Water and Power, Series A (RB) 5.00%, 07/01/40 (c) | |
$ | 2,000 | | |
$ | 2,115,239 | |
Los Angeles Department of Water and Power, Series B (RB) 5.00%, 07/01/40 (c) | |
| 1,380 | | |
| 1,473,227 | |
| Los Angeles Department of Water and Power, Series C (RB) | |
| | | |
| | |
| 5.00%, 07/01/34 (c) | |
| 1,125 | | |
| 1,202,226 | |
| 5.00%, 07/01/35 | |
| 1,750 | | |
| 1,981,205 | |
| 5.00%, 07/01/36 (c) | |
| 1,500 | | |
| 1,592,812 | |
| Los Angeles Department of Water and Power, Series D (RB) | |
| | | |
| | |
| 5.00%, 07/01/38 (c) | |
| 2,000 | | |
| 2,060,203 | |
| 5.00%, 07/01/39 (c) | |
| 1,000 | | |
| 1,069,386 | |
Los Angeles Department of Water and Power, Series J (RB)
5.00%, 12/01/42 (c) | |
| 1,000 | | |
| 1,132,284 | |
Los Angeles Municipal Improvement Corp., Series B (RB)
4.00%, 11/01/35 (c) | |
| 2,000 | | |
| 1,997,744 | |
| Los Angeles Unified School District, AD Valorem Property Tax, Series C (GO) | |
| | | |
| | |
| 4.00%, 07/01/37 (c) | |
| 2,000 | | |
| 2,062,558 | |
| 4.00%, 07/01/38 (c) | |
| 1,605 | | |
| 1,648,843 | |
| Los Angeles Unified School District, AD Valorem Property Tax, Series RYRR (GO) | |
| | | |
| | |
| 4.00%, 07/01/37 (c) | |
| 1,500 | | |
| 1,562,367 | |
| 5.00%, 07/01/35 (c) | |
| 1,300 | | |
| 1,445,528 | |
Los Angeles Unified School District, Series A (GO) 4.00%, 07/01/33 (c) | |
| 1,580 | | |
| 1,639,123 | |
| Los Angeles Unified School District, Series C (GO) | |
| | | |
| | |
| 3.00%, 07/01/35 (c) | |
| 1,880 | | |
| 1,844,973 | |
| 4.00%, 07/01/36 (c) | |
| 2,000 | | |
| 2,071,070 | |
Los Angeles Unified School District, Series QRR (GO) 5.00%, 07/01/41 (c) | |
| 2,250 | | |
| 2,521,566 | |
Los Angeles Unified School District, Series RYQ (GO) 4.00%, 07/01/37 (c) | |
| 1,000 | | |
| 1,031,279 | |
Miracosta Community College District, Series A (GO) 4.00%, 08/01/42 (c) | |
| 530 | | |
| 531,557 | |
Mount Diablo Unified School District, Series B (GO) 4.00%, 08/01/35 (c) | |
| 1,000 | | |
| 1,054,950 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
Mountain House Public Financing Authority, California Utility System, Series B (RB) (BAM) 4.00%, 12/01/40 (c) | |
$ | 500 | | |
$ | 503,728 | |
| MSR Energy Authority, California Gas, Series B (RB) | |
| | | |
| | |
| 6.50%, 11/01/39 | |
| 2,225 | | |
| 2,696,222 | |
| 7.00%, 11/01/34 | |
| 1,720 | | |
| 2,059,274 | |
Oakland Unified School District, Series A (GO) (BAM) 4.00%, 08/01/39 (c) | |
| 1,055 | | |
| 1,065,128 | |
Orange County, Local Transportation Authority Sales Tax (RB) 4.00%, 02/15/38 (c) | |
| 1,500 | | |
| 1,520,167 | |
Palo Alto Unified School District (GO) 3.25%, 08/01/42 (c) | |
| 1,000 | | |
| 930,459 | |
Palomar Health, Series B (GO) 4.00%, 08/01/35 (c) | |
| 1,000 | | |
| 917,920 | |
Public Utilities Commission of the City and County of San Francisco, Wastewater Revenue, Series B (RB) 4.00%, 10/01/39 (c) | |
| 1,000 | | |
| 994,161 | |
Regents of the University of California Medical Center Pooled, Series L (RB) 5.00%, 05/15/33 (c) | |
| 650 | | |
| 650,599 | |
Riverside County Transportation Commission, Series A (RB) 4.00%, 06/01/41 (c) | |
| 1,425 | | |
| 1,445,859 | |
| Riverside County Transportation Commission, Series B (RB) | |
| | | |
| | |
| 4.00%, 06/01/38 (c) | |
| 2,375 | | |
| 2,460,550 | |
| 5.00%, 06/01/37 (c) | |
| 560 | | |
| 577,928 | |
San Diego Association of Governments South Bay Expressway Toll, Series A (RB) 5.00%, 07/01/42 (c) | |
| 610 | | |
| 621,418 | |
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/34 (c) | |
| 535 | | |
| 574,024 | |
San Diego County Regional Airport Authority, Series B (RB) 5.00%, 07/01/34 (c) | |
| 2,075 | | |
| 2,269,095 | |
San Francisco City & County, Airport Commission, San Francisco International Airport, Series B (RB) 4.00%, 05/01/37 (c) | |
| 1,010 | | |
| 1,037,134 | |
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
San Francisco City & County, Public Utilities Commission Wastewater, Series A (RB) 5.00%, 10/01/36 (c) | |
$ | 1,000 | | |
$ | 1,122,997 | |
San Francisco County Transportation Authority (RB) 3.00%, 02/01/34 (c) | |
| 500 | | |
| 482,323 | |
San Francisco Unified School District, Series B (GO) 4.00%, 06/15/34 (c) | |
| 2,000 | | |
| 2,030,000 | |
San Jacinto County, Transportation Authority, Limited Tax (RB) 4.00%, 03/01/41 (c) | |
| 1,000 | | |
| 989,901 | |
San Joaquin Hills Transportation Corridor Agency, Series A (RB) 4.00%, 01/15/34 (c) | |
| 1,000 | | |
| 1,035,683 | |
San Joaquin Valley Clean Energy Authority, Series A (RB) 5.50%, 01/01/56 (c) (p) | |
| 1,000 | | |
| 1,101,781 | |
San Jose Evergreen Community College District, Series B (GO) 3.00%, 09/01/41 (c) | |
| 825 | | |
| 743,888 | |
Santa Clara County Financing Authority, Capital Facilities, Series A (RB) 5.00%, 05/01/34 (c) | |
| 750 | | |
| 837,239 | |
| Santa Clara County Financing Authority, Multiple Facilities Projects, Series Q (RB) | |
| | | |
| | |
| 3.00%, 05/15/35 (c) | |
| 1,000 | | |
| 952,901 | |
| 4.00%, 05/15/32 (c) | |
| 1,510 | | |
| 1,510,779 | |
Santa Clara County, Mountain View, Los Altos Union High School, Series A (GO) 3.35%, 08/01/36 (c) | |
| 1,520 | | |
| 1,520,032 | |
| Santa Clara Unified School District (GO) | |
| | | |
| | |
| 3.00%, 07/01/34 (c) | |
| 2,000 | | |
| 1,984,171 | |
| 3.00%, 07/01/34 (c) | |
| 395 | | |
| 391,874 | |
| 3.00%, 07/01/35 (c) | |
| 1,535 | | |
| 1,511,980 | |
| Santa Monica-Malibu Unified School District, Series C (GO) | |
| | | |
| | |
| 5.00%, 08/01/39 (c) | |
| 1,000 | | |
| 1,100,266 | |
| 5.00%, 08/01/40 (c) | |
| 1,000 | | |
| 1,094,992 | |
State of California (GO) 4.00%, 09/01/43 (c) | |
| 3,000 | | |
| 3,023,657 | |
State of California, Department of Water Resources, Central Valley Project, Series AX (RB) 5.00%, 12/01/31 (c) | |
| 915 | | |
| 950,590 | |
| State of California, Various Purpose (GO) | |
| | | |
| | |
| 3.00%, 10/01/33 (c) | |
| 2,000 | | |
| 1,992,611 | |
| 3.12%, 04/01/35 (c) | |
| 1,575 | | |
| 1,568,036 | |
| 4.00%, 09/01/32 (c) | |
| 1,815 | | |
| 1,815,415 | |
| 4.00%, 08/01/33 (c) | |
| 700 | | |
| 700,100 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
| 4.00%, 10/01/33 (c) | |
$ | 1,795 | | |
$ | 1,890,241 | |
| 4.00%, 09/01/34 (c) | |
| 1,500 | | |
| 1,500,266 | |
| 4.00%, 10/01/34 (c) | |
| 2,000 | | |
| 2,097,535 | |
| 4.00%, 11/01/34 (c) | |
| 2,895 | | |
| 3,024,110 | |
| 4.00%, 11/01/35 (c) | |
| 1,285 | | |
| 1,337,106 | |
| 4.00%, 03/01/36 (c) | |
| 9,300 | | |
| 9,592,395 | |
| 4.00%, 03/01/37 (c) | |
| 5,020 | | |
| 5,161,232 | |
| 4.00%, 09/01/37 (c) | |
| 2,000 | | |
| 2,106,479 | |
| 4.00%, 11/01/38 (c) | |
| 2,000 | | |
| 2,054,034 | |
| 4.00%, 10/01/39 (c) | |
| 2,300 | | |
| 2,357,061 | |
| 5.00%, 10/01/31 (c) | |
| 3,000 | | |
| 3,238,048 | |
| 5.00%, 11/01/31 (c) | |
| 2,645 | | |
| 2,739,980 | |
| 5.00%, 04/01/32 (c) | |
| 2,500 | | |
| 2,668,605 | |
| 5.00%, 04/01/32 | |
| 4,270 | | |
| 4,807,657 | |
| 5.00%, 11/01/34 (c) | |
| 1,610 | | |
| 1,752,044 | |
| 5.00%, 03/01/35 (c) | |
| 2,285 | | |
| 2,455,693 | |
| 5.00%, 04/01/35 (c) | |
| 3,500 | | |
| 3,716,953 | |
| 5.00%, 09/01/35 (c) | |
| 2,250 | | |
| 2,511,466 | |
| 5.00%, 03/01/36 (c) | |
| 1,000 | | |
| 1,153,944 | |
| 5.00%, 04/01/36 (c) | |
| 3,000 | | |
| 3,177,435 | |
| 5.00%, 08/01/36 (c) | |
| 3,245 | | |
| 3,394,335 | |
| 5.00%, 08/01/36 (c) | |
| 3,000 | | |
| 3,425,786 | |
| 5.00%, 09/01/36 (c) | |
| 1,500 | | |
| 1,702,540 | |
| 5.00%, 09/01/36 (c) | |
| 2,000 | | |
| 2,254,657 | |
| 5.00%, 10/01/36 (c) | |
| 2,000 | | |
| 2,240,697 | |
| 5.00%, 12/01/36 (c) | |
| 2,000 | | |
| 2,167,298 | |
| 5.00%, 08/01/37 (c) | |
| 4,000 | | |
| 4,543,655 | |
| 5.00%, 08/01/39 (c) | |
| 1,250 | | |
| 1,406,649 | |
| 5.00%, 10/01/39 (c) | |
| 2,615 | | |
| 2,893,531 | |
| 5.00%, 08/01/42 (c) | |
| 1,000 | | |
| 1,125,796 | |
| 5.00%, 10/01/42 (c) | |
| 1,500 | | |
| 1,646,516 | |
State of California, Various Purpose (GO) (AG) 5.25%, 08/01/32 | |
| 5,750 | | |
| 6,507,165 | |
State of California, Various Purpose (GO) (SAW) 5.00%, 12/01/34 (c) | |
| 1,000 | | |
| 1,002,021 | |
| The Regents of the University of California, Series BV (RB) | |
| | | |
| | |
| 5.00%, 05/15/38 (c) | |
| 2,000 | | |
| 2,253,044 | |
| 5.00%, 05/15/40 (c) | |
| 1,000 | | |
| 1,115,369 | |
The Regents of the University of California, Series BW (RB) 5.00%, 05/15/40 (c) | |
| 1,000 | | |
| 1,115,370 | |
| The Regents Of The University Of California, Series Cd (RB) | |
| | | |
| | |
| 5.25%, 05/15/40 | |
| 500 | | |
| 606,275 | |
| 5.50%, 05/15/40 (c) | |
| 750 | | |
| 884,024 | |
University of California, Series BE (RB) 5.00%, 05/15/36 (c) | |
| 1,500 | | |
| 1,610,192 | |
University of California, Series BM (RB) 5.00%, 05/15/35 (c) | |
| 1,000 | | |
| 1,129,864 | |
| University of California, Series BN (RB) | |
| | | |
| | |
| 5.00%, 05/15/35 (c) | |
| 2,000 | | |
| 2,259,727 | |
| 5.00%, 05/15/36 (c) | |
| 1,000 | | |
| 1,122,504 | |
| | |
| Par
(000’s | ) | |
| Value | |
| California (continued) | |
| | | |
| | |
| 5.00%, 05/15/37 (c) | |
$ | 1,000 | | |
$ | 1,117,226 | |
| 5.00%, 05/15/41 (c) | |
| 1,000 | | |
| 1,095,395 | |
University of California, Series BQ (RB) 5.00%, 05/15/35 (c) | |
| 1,000 | | |
| 1,129,864 | |
University of California, Series M (RB) 5.00%, 05/15/42 (c) | |
| 1,950 | | |
| 1,984,903 | |
University of California, Series O (RB) 5.00%, 05/15/36 (c) | |
| 1,170 | | |
| 1,217,285 | |
University of California, Series Q (RB) 4.00%, 05/15/39 (c) | |
| 2,500 | | |
| 2,553,741 | |
| | |
| | | |
| 356,138,380 | |
| Colorado: 2.3% | |
| | | |
| | |
| Adams & Arapahoe Counties Joint School District 28J Aurora (GO) (SAW) | |
| | | |
| | |
| 5.50%, 12/01/34 | |
| 2,200 | | |
| 2,624,024 | |
| 5.50%, 12/01/35 | |
| 2,000 | | |
| 2,406,765 | |
| 5.50%, 12/01/36 (c) | |
| 2,350 | | |
| 2,820,747 | |
Cherry Creek, Colarado School District No. 5, Arapahoe County (GO) (SAW) 5.25%, 12/15/41 (c) | |
| 1,000 | | |
| 1,134,139 | |
City and County of Denver, Series A-2 (RB) 0.00%, 08/01/36 (c) ^ | |
| 1,200 | | |
| 782,041 | |
| Colorado Health Facilities Authority (RB) | |
| | | |
| | |
| 4.00%, 08/01/38 (c) | |
| 2,350 | | |
| 2,329,904 | |
| 5.00%, 11/15/57 (c) (p) | |
| 1,465 | | |
| 1,637,210 | |
Colorado Health Facilities Authority, Advenhealth, Series A (RB) 4.00%, 11/15/38 (c) | |
| 2,000 | | |
| 2,003,410 | |
| Colorado Health Facilities Authority, Commonspirit Health, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/34 | |
| 2,000 | | |
| 2,229,769 | |
| 5.00%, 12/01/39 (c) | |
| 1,000 | | |
| 1,074,272 | |
Colorado Health Facilities Authority, Sanford, Series A (RB) 4.00%, 11/01/39 (c) | |
| 2,000 | | |
| 1,967,642 | |
| Denver City and County School District No. 1 (GO) (SAW) | |
| | | |
| | |
| 3.00%, 12/01/36 (c) | |
| 1,430 | | |
| 1,341,930 | |
| 5.00%, 12/01/39 (c) | |
| 1,000 | | |
| 1,072,677 | |
Denver City and County School, Board of Water Commissioners, Series A (RB) 3.00%, 12/15/37 (c) | |
| 1,000 | | |
| 926,989 | |
| Park Creek Metropolitan District (RB) (AG) | |
| | | |
| | |
| 5.00%, 12/01/40 (c) | |
| 1,500 | | |
| 1,615,116 | |
| 5.00%, 12/01/41 (c) | |
| 1,400 | | |
| 1,504,185 | |
| 5.00%, 12/01/42 (c) | |
| 2,000 | | |
| 2,138,967 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Colorado (continued) | |
| | | |
| | |
| Pueblo City, Schools District No. 60 (GO) (SAW) | |
| | | |
| | |
| 3.00%, 12/15/37 (c) | |
$ | 500 | | |
$ | 459,885 | |
| 5.00%, 12/15/34 (c) | |
| 1,010 | | |
| 1,079,317 | |
| 5.00%, 12/15/38 (c) | |
| 1,625 | | |
| 1,709,530 | |
Regional Transportation District, Denver Transit Partners Eagle P3 Project, Series A (RB) 4.00%, 07/15/39 | |
| 1,500 | | |
| 1,469,462 | |
Regional Transportation District, Fastracks Project, Series A (RB) 5.00%, 11/01/36 (c) | |
| 1,820 | | |
| 1,836,123 | |
| Regional Transportation District, Fastracks Project, Series B (RB) | |
| | | |
| | |
| 2.00%, 11/01/41 (c) | |
| 850 | | |
| 650,422 | |
| 5.00%, 11/01/33 (c) | |
| 530 | | |
| 546,889 | |
| 5.00%, 11/01/34 (c) | |
| 1,995 | | |
| 2,055,899 | |
School District No. 1, County of Denver, State of Colorado, Series A (GO) (SAW) 5.25%, 12/01/40 (c) | |
| 1,000 | | |
| 1,140,979 | |
Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado (GO) 5.00%, 04/01/35 | |
| 2,000 | | |
| 2,160,940 | |
| State of Colorado, Series A (CP) | |
| | | |
| | |
| 4.00%, 12/15/36 (c) | |
| 1,315 | | |
| 1,327,693 | |
| 4.00%, 12/15/40 (c) | |
| 250 | | |
| 252,710 | |
| 5.00%, 12/15/34 (c) | |
| 1,000 | | |
| 1,096,307 | |
The Regents of the University of Colorado, Series A (RB) 5.00%, 06/01/36 (c) | |
| 2,000 | | |
| 2,297,688 | |
| University of Colorado, Series A-2 (RB) | |
| | | |
| | |
| 3.00%, 06/01/33 (c) | |
| 330 | | |
| 326,205 | |
| 3.00%, 06/01/33 (c) | |
| 470 | | |
| 470,044 | |
Weld County School District No. 6 (GO) (SAW) 5.00%, 12/01/36 (c) | |
| 2,165 | | |
| 2,309,430 | |
| | |
| | | |
| 50,799,310 | |
| Connecticut: 2.6% | |
| | | |
| | |
City of Hartford, Connecticut, State Contract Assistance (RB) 5.00%, 07/15/33 | |
| 1,000 | | |
| 1,136,329 | |
City of New Haven, Connecticut (GO) (AG) 5.00%, 08/01/33 | |
| 2,000 | | |
| 2,245,891 | |
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series A (RB) 4.40%, 11/15/38 (c) | |
| 1,530 | | |
| 1,559,958 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Connecticut (continued) | |
| | | |
| | |
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series A-1 (RB) (SAW) 1.70%, 05/15/34 (c) | |
$ | 1,290 | | |
$ | 1,072,171 | |
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series D-1 (RB) 3.20%, 11/15/32 (c) | |
| 260 | | |
| 256,794 | |
| Connecticut State Health & Educational Facilities Authority (RB) | |
| | | |
| | |
| 5.00%, 07/01/36 | |
| 2,000 | | |
| 2,336,010 | |
| 5.00%, 07/01/64 (p) | |
| 7,500 | | |
| 8,400,296 | |
Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB) 5.00%, 07/01/32 (c) | |
| 1,700 | | |
| 1,767,342 | |
State of Connecticut Health and Educational Facilities Authority, Series U (RB) 5.00%, 07/01/33 | |
| 2,000 | | |
| 2,284,278 | |
| State of Connecticut Special Tax Revenue (RB) | |
| | | |
| | |
5.00%, 07/01/40 (c) | |
| 2,500 | | |
| 2,813,622 | |
| 5.00%, 07/01/41 (c) | |
| 3,450 | | |
| 3,861,820 | |
| 5.00%, 07/01/45 (c) | |
| 1,000 | | |
| 1,083,775 | |
State of Connecticut Special Tax, Series A-2 (RB) 5.00%, 07/01/42 (c) | |
| 1,000 | | |
| 1,101,612 | |
| State of Connecticut, Series A (GO) | |
| | | |
| | |
| 3.00%, 01/15/32 (c) | |
| 1,200 | | |
| 1,198,863 | |
| 3.00%, 01/15/34 (c) | |
| 1,000 | | |
| 986,269 | |
| 3.00%, 01/15/35 (c) | |
| 2,500 | | |
| 2,419,778 | |
| 3.00%, 01/15/36 (c) | |
| 1,000 | | |
| 953,804 | |
| 4.00%, 04/15/36 (c) | |
| 250 | | |
| 253,172 | |
| 4.00%, 01/15/37 (c) | |
| 2,000 | | |
| 2,039,948 | |
| 5.00%, 03/15/35 | |
| 500 | | |
| 577,025 | |
| 5.00%, 03/15/36 (c) | |
| 1,000 | | |
| 1,144,987 | |
| 5.00%, 01/15/37 (c) | |
| 1,000 | | |
| 1,122,608 | |
| 5.00%, 03/15/41 (c) | |
| 1,110 | | |
| 1,233,223 | |
| State of Connecticut, Series B (GO) | |
| | | |
| | |
| 3.00%, 01/15/40 (c) | |
| 2,220 | | |
| 1,986,126 | |
| 5.00%, 12/01/34 | |
| 1,500 | | |
| 1,727,672 | |
| 5.00%, 01/15/37 (c) | |
| 1,505 | | |
| 1,689,525 | |
State of Connecticut, Series C (GO) 4.00%, 06/01/34 (c) | |
| 1,950 | | |
| 2,020,434 | |
State of Connecticut, Series E (GO) 5.00%, 11/15/32 | |
| 1,000 | | |
| 1,129,972 | |
| State of Connecticut, Special Tax, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/32 (c) | |
| 475 | | |
| 478,264 | |
| 5.00%, 05/01/35 (c) | |
| 1,500 | | |
| 1,636,905 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Connecticut (continued) | |
| | | |
| | |
State of Connecticut, Special Tax, Transportation Infrastructure Purposes, Series A (RB) 5.00%, 05/01/33 (c) | |
$ | 1,025 | | |
$ | 1,126,809 | |
State Of Connecticut, Transportation Infrastructure Purposes, Series A (RB) 5.00%, 07/01/42 (c) | |
| 2,000 | | |
| 2,222,870 | |
| | |
| | | |
| 55,868,152 | |
| Delaware: 0.2% | |
| | | |
| | |
Delaware Health Facilities Authority, Bayhealth Medical Center Project, Series A (RB) 4.00%, 07/01/40 (c) | |
| 1,000 | | |
| 985,096 | |
State of Delaware (GO) 2.00%, 02/01/35 (c) | |
| 1,000 | | |
| 856,186 | |
| State of Delaware, Series A (GO) | |
| | | |
| | |
| 2.00%, 01/01/36 (c) | |
| 650 | | |
| 547,453 | |
| 4.00%, 05/01/41 (c) | |
| 1,000 | | |
| 1,018,888 | |
| 4.00%, 05/01/42 (c) | |
| 500 | | |
| 505,699 | |
| 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,126,850 | |
| | |
| | | |
| 5,040,172 | |
| District of Columbia: 1.7% | |
| | | |
| | |
District of Columbia (RB) 5.00%, 04/01/60 (c) (p) | |
| 1,000 | | |
| 1,100,849 | |
| District of Columbia Income Tax Revenue (RB) | |
| | | |
| | |
| 5.00%, 06/01/33 | |
| 1,000 | | |
| 1,136,962 | |
| 5.00%, 06/01/36 (c) | |
| 4,000 | | |
| 4,578,346 | |
| 5.00%, 06/01/40 (c) | |
| 1,000 | | |
| 1,118,767 | |
District Of Columbia Water And Sewer Authority Public Utility, Series A (RB) 5.00%, 10/01/37 (c) | |
| 2,000 | | |
| 2,251,544 | |
District of Columbia, Federal Highway Grant Anticipation (RB) (SAW) 5.00%, 12/01/34 (c) | |
| 2,250 | | |
| 2,398,411 | |
| District of Columbia, Income Tax, Series A (RB) | |
| | | |
| | |
| 4.00%, 03/01/40 (c) | |
| 2,000 | | |
| 2,016,230 | |
| 5.00%, 06/01/35 | |
| 1,500 | | |
| 1,730,770 | |
| 5.00%, 07/01/36 (c) | |
| 2,000 | | |
| 2,204,198 | |
| District of Columbia, Series A (GO) | |
| | | |
| | |
| 5.00%, 06/01/35 (c) | |
| 750 | | |
| 779,626 | |
| 5.00%, 01/01/37 (c) | |
| 1,000 | | |
| 1,106,729 | |
| District of Columbia, Series A (RB) | |
| | | |
| | |
| 3.00%, 03/01/41 (c) | |
| 2,000 | | |
| 1,764,664 | |
| 5.00%, 03/01/36 (c) | |
| 1,000 | | |
| 1,059,611 | |
| District of Columbia, Series C (RB) | |
| | | |
| | |
| 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,069,060 | |
District of Columbia, Water and Sewer Authority, Series A (RB) 5.00%, 10/01/40 (c) | |
| 1,000 | | |
| 1,107,559 | |
| | |
| Par
(000’s | ) | |
| Value | |
| District of Columbia (continued) | |
| | | |
| | |
| Washington Metropolitan Area Transit Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/15/34 (c) | |
$ | 4,000 | | |
$ | 4,138,741 | |
| 5.00%, 07/15/37 (c) | |
| 2,000 | | |
| 2,158,845 | |
| 5.00%, 07/15/37 (c) | |
| 1,400 | | |
| 1,491,274 | |
| Washington Metropolitan Area Transit Authority, Series A-2 (RB) | |
| | | |
| | |
| 5.00%, 07/01/33 (c) | |
| 550 | | |
| 562,134 | |
| 5.00%, 07/01/34 (c) | |
| 810 | | |
| 827,420 | |
Washington Metropolitan Area Transit Authority, Series B (RB) 5.00%, 07/01/37 (c) | |
| 1,140 | | |
| 1,161,801 | |
| | |
| | | |
| 35,763,541 | |
| Florida: 2.4% | |
| | | |
| | |
Broward County, Florida Tourist Development, Convention Center Expansion Project (RB) 4.00%, 09/01/36 (c) | |
| 2,000 | | |
| 2,047,983 | |
| Central Florida Expressway Authority (RB) (BAM) | |
| | | |
| | |
| 3.00%, 07/01/34 (c) | |
| 520 | | |
| 507,435 | |
| 4.00%, 07/01/41 (c) | |
| 845 | | |
| 828,477 | |
Central Florida Expressway Authority, Series A (RB) (BAM) 5.00%, 07/01/38 (c) | |
| 1,000 | | |
| 1,026,907 | |
Central Florida Expressway Authority, Series B (RB) 4.00%, 07/01/39 (c) | |
| 2,000 | | |
| 1,956,172 | |
City of Gainesville, Utilities System, Series A (RB) 5.00%, 10/01/34 (c) | |
| 1,045 | | |
| 1,072,909 | |
City of Jacksonville, Series A (RB) 5.00%, 10/01/32 (c) | |
| 1,095 | | |
| 1,173,661 | |
City of Orlando, Senior Tourist Development Tax, Series A (RB) (AG) 5.00%, 11/01/37 (c) | |
| 560 | | |
| 572,761 | |
City of Tampa Florida, H. Lee Moffitt Cancer Center Project, Series B (RB) 4.00%, 07/01/38 (c) | |
| 1,000 | | |
| 982,708 | |
| County of Miami-Dade (RB) | |
| | | |
| | |
| 0.00%, 10/01/31 (c) ^ | |
| 565 | | |
| 460,559 | |
| 0.00%, 10/01/32 (c) ^ | |
| 400 | | |
| 311,983 | |
| 5.00%, 10/01/34 (c) | |
| 2,005 | | |
| 2,021,800 | |
County of Miami-Dade, Building Better Communities Program, Series A (GO) 5.00%, 07/01/34 (c) | |
| 555 | | |
| 556,776 | |
County of Miami-Dade, Building Better Communities Program, Series A (GO) (SAW) 4.00%, 07/01/36 (c) | |
| 1,600 | | |
| 1,633,782 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Florida (continued) | |
| | | |
| | |
County of Miami-Dade, Expressway Authority Toll System, Series A (RB) 5.00%, 07/01/39 (c) | |
$ | 2,000 | | |
$ | 2,003,755 | |
County of Miami-Dade, Florida Aviation, Series A (RB) 4.00%, 10/01/39 (c) | |
| 1,500 | | |
| 1,494,315 | |
County of Miami-Dade, Florida Transit System (RB) 4.00%, 07/01/34 (c) | |
| 865 | | |
| 865,938 | |
County of Miami-Dade, Water and Sewer System (RB) 5.00%, 10/01/32 (c) | |
| 3,500 | | |
| 3,844,428 | |
County of Miami-Dade, Water and Sewer System, Series B (RB) 3.00%, 10/01/34 (c) | |
| 370 | | |
| 360,829 | |
Florida Development Finance Corp. (RB) 5.00%, 08/01/41 (c) | |
| 1,000 | | |
| 1,090,008 | |
Florida Development Finance Corp., Lakeland Regional Health Systems (RB) 4.00%, 11/15/35 (c) | |
| 2,000 | | |
| 2,021,793 | |
Florida Housing Finance Corp. (RB) 4.62%, 07/01/46 (c) | |
| 2,000 | | |
| 1,984,150 | |
Florida Housing Finance Corp., Homeowner Mortgage (RB) 2.10%, 07/01/35 (c) | |
| 945 | | |
| 819,674 | |
JEA Electric System, Series A (RB) (AG) 5.00%, 10/01/33 | |
| 1,000 | | |
| 1,140,944 | |
JEA Electric System, Series B (RB) 5.00%, 10/01/32 (c) | |
| 885 | | |
| 909,111 | |
JEA Water & Sewer System Revenue (RB) 5.00%, 10/01/39 (c) | |
| 750 | | |
| 840,599 | |
Lee County, Industrial Development Authority, Health System, Inc., Series A-1 (RB) 5.00%, 04/01/34 (c) | |
| 605 | | |
| 631,438 | |
Leon County, City of Tallahassee, Blueprint Intergovernmental Agency (RB) 5.00%, 10/01/38 (c) | |
| 1,000 | | |
| 1,092,243 | |
Miami Beach Redevelopment Agency (TA) (AG) 5.00%, 02/01/35 | |
| 500 | | |
| 563,423 | |
Miami-Dade County, Building Better Communities Program, Series D (GO) 5.00%, 07/01/41 (c) | |
| 2,000 | | |
| 2,003,394 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Florida (continued) | |
| | | |
| | |
Miami-Dade County, Florida Water and Sewer System, Series B (RB) 5.00%, 10/01/40 (c) | |
$ | 500 | | |
$ | 553,189 | |
Miami-Dade County, Florida, Series A (GO) (SAW) 4.00%, 07/01/40 (c) | |
| 2,000 | | |
| 2,003,745 | |
| Mid-Bay Bridge Authority (RB) (AG) | |
| | | |
| | |
| 5.00%, 10/01/34 | |
| 1,000 | | |
| 1,122,662 | |
| 5.00%, 10/01/35 | |
| 1,250 | | |
| 1,402,368 | |
Orange County Health Facilities Authority, Orlando Health Obligated Group, Series A (RB) 5.00%, 10/01/40 (c) | |
| 1,000 | | |
| 1,096,957 | |
| Orange County, Health Facilities Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/36 (c) | |
| 1,325 | | |
| 1,332,391 | |
| 5.00%, 10/01/39 (c) | |
| 1,000 | | |
| 1,004,564 | |
Orlando Utilities Commission, Series B (RB) 5.00%, 10/01/39 (c) | |
| 750 | | |
| 840,257 | |
Reedy Creek Improvement District, Series A (GO) 5.00%, 06/01/35 (c) | |
| 1,000 | | |
| 1,001,415 | |
South Miami Health Facilities Authority, Baptist Health (RB) 5.00%, 08/15/32 (c) | |
| 800 | | |
| 820,645 | |
State of Florida Board of Governors, Florida State University Athletics Association, Series A (RB) (BAM) 5.00%, 10/01/40 (c) | |
| 2,000 | | |
| 2,198,292 | |
| State of Florida, Department of Transportation Financing Corp. (RB) | |
| | | |
| | |
| 3.00%, 07/01/31 (c) | |
| 1,000 | | |
| 992,941 | |
| 3.00%, 07/01/35 (c) | |
| 1,000 | | |
| 951,824 | |
| | |
| | | |
| 52,141,205 | |
| Georgia: 2.2% | |
| | | |
| | |
| City of Atlanta, Airport Passenger Facility Charge, Series C (RB) | |
| | | |
| | |
| 5.00%, 07/01/35 (c) | |
| 800 | | |
| 848,303 | |
| 5.00%, 07/01/38 (c) | |
| 2,275 | | |
| 2,392,238 | |
City of Atlanta, Water and Wastewater (RB) 5.00%, 11/01/32 (c) | |
| 1,000 | | |
| 1,004,832 | |
City of Atlanta, Water and Wastewater (RB) (BAM) 5.00%, 11/01/34 | |
| 1,000 | | |
| 1,151,927 | |
Columbia County School District, Georgia (GO) (SAW) 5.00%, 10/01/41 (c) | |
| 2,420 | | |
| 2,714,972 | |
County of Fulton (GO) 4.00%, 07/01/40 (c) | |
| 1,500 | | |
| 1,500,419 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Georgia (continued) | |
| | | |
| | |
County of Fulton, Georgia Water and Sewerage, Series A (RB) 2.25%, 01/01/43 (c) | |
$ | 500 | | |
$ | 372,491 | |
Dekalb County, Water and Sewerage, Series B (RB) (AG) 5.00%, 10/01/35 (c) | |
| 1,530 | | |
| 1,546,533 | |
Fulton County, Georgia Water and Sewerage, Series A (RB) 3.00%, 01/01/37 (c) | |
| 3,000 | | |
| 2,815,628 | |
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB) 4.00%, 02/15/42 (c) | |
| 1,000 | | |
| 968,478 | |
Georgia Housing and Finance Authority, Series A (RB) 4.10%, 12/01/39 (c) | |
| 1,000 | | |
| 1,000,583 | |
| Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB) | |
| | | |
| | |
| 2.90%, 12/01/31 (c) | |
| 925 | | |
| 898,520 | |
| 3.35%, 12/01/41 (c) | |
| 215 | | |
| 196,906 | |
Georgia State Housing and Finance Authority, Series A (RB) 4.15%, 12/01/40 (c) | |
| 1,000 | | |
| 994,506 | |
Georgia State Housing and Finance Authority, Series E (RB) 4.85%, 12/01/40 (c) | |
| 1,000 | | |
| 1,037,769 | |
Main Street Natural Gas Inc, Series C (RB) 5.00%, 12/01/54 (c) (p) | |
| 1,000 | | |
| 1,058,935 | |
Main Street Natural Gas, Inc. (RB) 5.00%, 12/01/55 (c) (p) | |
| 1,000 | | |
| 1,055,672 | |
| Main Street Natural Gas, Inc., Gas Supply, Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/35 | |
| 2,000 | | |
| 2,159,303 | |
| 5.00%, 05/01/54 (c) (p) | |
| 1,000 | | |
| 1,071,733 | |
Main Street Natural Gas, Inc., Gas Supply, Series E (RB) 5.00%, 12/01/53 (c) (p) | |
| 2,000 | | |
| 2,134,280 | |
Main Street Natural Gas, Inc., Series E (RB) 5.00%, 05/01/55 (c) (p) | |
| 1,500 | | |
| 1,588,714 | |
| Private Colleges & Universities Authority (RB) | |
| | | |
| | |
| 5.00%, 09/01/32 | |
| 1,000 | | |
| 1,124,701 | |
| 5.00%, 09/01/33 | |
| 2,000 | | |
| 2,274,239 | |
| Private Colleges and Universities Authority, Emory University, Series B (RB) | |
| | | |
| | |
| 4.00%, 09/01/36 (c) | |
| 2,175 | | |
| 2,225,139 | |
| 4.00%, 10/01/38 (c) | |
| 2,000 | | |
| 1,995,653 | |
| 4.00%, 09/01/40 (c) | |
| 2,000 | | |
| 2,003,702 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Georgia (continued) | |
| | | |
| | |
State of Georgia, Private Colleges and Universities Authority, Emory University, Series B (RB) 5.00%, 09/01/33 | |
$ | 1,000 | | |
$ | 1,137,120 | |
State of Georgia, Road and Tollway Authority (RB) 5.00%, 06/01/32 (c) | |
| 2,000 | | |
| 2,171,369 | |
State of Georgia, Road and Tollway Authority, Series A (RB) 4.00%, 07/15/35 (c) | |
| 3,255 | | |
| 3,378,802 | |
| State of Georgia, Series A (GO) | |
| | | |
| | |
| 5.00%, 02/01/32 (c) | |
| 2,000 | | |
| 2,036,962 | |
| 5.00%, 02/01/33 (c) | |
| 1,200 | | |
| 1,221,516 | |
| | |
| | | |
| 48,081,945 | |
| Guam: 0.1% | |
| | | |
| | |
Territory of Guam (RB) 5.00%, 01/01/36 (c) | |
| 1,000 | | |
| 1,087,403 | |
| Hawaii: 0.4% | |
| | | |
| | |
City & County of Honolulu, Hawaii, Series D (GO) 5.00%, 09/01/32 (c) | |
| 1,015 | | |
| 1,043,255 | |
City and County of Honolulu, Hawaii Wastewater System, Series A (RB) 4.00%, 07/01/33 (c) | |
| 1,480 | | |
| 1,481,447 | |
City and County of Honolulu, Hawaii Wastewater System, Series B (RB) 5.00%, 07/01/36 (c) | |
| 875 | | |
| 923,553 | |
State of Hawaii (RB) 5.00%, 01/01/36 (c) | |
| 1,000 | | |
| 1,083,158 | |
State of Hawaii, Department of Transportation Airports Division, Series D (RB) (BAM) 5.00%, 07/01/34 (c) | |
| 2,000 | | |
| 2,160,792 | |
| State of Hawaii, Series FK (GO) | |
| | | |
| | |
| 3.25%, 05/01/33 (c) | |
| 1,000 | | |
| 995,389 | |
| 5.00%, 05/01/34 (c) | |
| 690 | | |
| 703,004 | |
| | |
| | | |
| 8,390,598 | |
| Idaho: 0.1% | |
| | | |
| | |
Idaho Health Facilities Authority, St. Luke’s Health System Project, Series C (RB) 5.00%, 03/01/60 (c) (p) | |
| 1,000 | | |
| 1,112,923 | |
| Illinois: 3.8% | |
| | | |
| | |
Chicago Ill Go Ref Bds, Series C (GO) 5.00%, 01/01/38 (c) | |
| 630 | | |
| 630,133 | |
Chicago O’Hare International Airport, Series A (RB) 5.00%, 01/01/35 (c) | |
| 1,000 | | |
| 1,063,201 | |
City of Chicago, Chicago O’Hare International Airport (RB) (BAM) 5.25%, 01/01/41 (c) | |
| 1,205 | | |
| 1,301,013 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
| Par
(000’s | ) | |
| Value | |
| Illinois (continued) | |
| | | |
| | |
City Of Chicago, Chicago O’Hare International Airport General Airport, Series B (RB) 5.00%, 01/01/42 (c) | |
$ | 1,000 | | |
$ | 1,088,417 | |
City of Chicago, Second Lien Wastewater Transmission, Series B (RB) (BAM) 5.00%, 01/01/33 | |
| 1,000 | | |
| 1,114,280 | |
| City of Chicago, Second Lien Water (RB) (AG) | |
| | | |
| | |
| 5.00%, 11/01/34 (c) | |
| 1,420 | | |
| 1,459,144 | |
| 5.00%, 11/01/36 (c) | |
| 1,500 | | |
| 1,537,832 | |
| City of Chicago, Series A (GO) | |
| | | |
| | |
| 5.25%, 01/01/38 (c) | |
| 2,000 | | |
| 2,064,197 | |
| 5.50%, 01/01/43 (c) | |
| 750 | | |
| 762,508 | |
| City of Chicago, Wastewater Transmission, Series A (RB) (BAM) | |
| | | |
| | |
| 5.00%, 01/01/40 (c) | |
| 1,000 | | |
| 1,085,758 | |
| 5.00%, 01/01/41 (c) | |
| 1,000 | | |
| 1,082,338 | |
City of Chicago, Wastewater Transmission, Series B (RB) 5.00%, 01/01/36 (c) | |
| 750 | | |
| 759,270 | |
City of Chicago, Wastewater Transmission, Series B (RB) (AG) 5.00%, 01/01/37 (c) | |
| 1,000 | | |
| 1,087,806 | |
Illinois Finance Authority (RB) 5.00%, 04/01/34 | |
| 1,605 | | |
| 1,818,343 | |
Illinois Finance Authority Rush Univeristy, Seres A (RB) 5.00%, 11/15/35 | |
| 1,000 | | |
| 1,125,632 | |
Illinois Finance Authority, Carle Foundation, Series A (RB) 5.00%, 08/15/35 (c) | |
| 1,000 | | |
| 1,074,726 | |
| Illinois Finance Authority, Clean Water Initiative (RB) | |
| | | |
| | |
| 4.00%, 07/01/35 (c) | |
| 1,600 | | |
| 1,636,786 | |
| 4.00%, 07/01/37 (c) | |
| 1,000 | | |
| 1,015,648 | |
| 5.00%, 07/01/36 (c) | |
| 2,560 | | |
| 2,701,262 | |
Illinois Finance Authority, Clean Water Initiative (RB) (AG) 5.00%, 07/01/34 (c) | |
| 1,400 | | |
| 1,486,322 | |
Illinois Finance Authority, Memorial Health System (RB) 5.00%, 04/01/34 (c) | |
| 1,435 | | |
| 1,497,303 | |
| Illinois Finance Authority, NorthShore University HealthSystem, Series A (RB) | |
| | | |
| | |
| 5.00%, 08/15/32 (c) | |
| 1,365 | | |
| 1,472,253 | |
| 5.00%, 08/15/33 (c) | |
| 1,000 | | |
| 1,075,447 | |
| 5.00%, 08/15/34 (c) | |
| 1,295 | | |
| 1,387,872 | |
Illinois Finance Authority, The University of Chicago, Series B (RB) 5.00%, 04/01/36 (c) | |
| 1,500 | | |
| 1,680,788 | |
Illinois Housing Development Authority, Series B (RB) 3.45%, 10/01/33 (c) | |
| 420 | | |
| 419,761 | |
| | |
| Par
(000’s | ) | |
| Value | |
| Illinois (continued) | |
| | | |
| | |
Illinois State Finance Authority, Ann & Robert H. Lurie Children’s Hospital (RB) 4.00%, 08/15/37 (c) | |
$ | 1,000 | | |
$ | 988,547 | |
Illinois State Finance Authority, University of Chicago, Series A (RB) 5.00%, 10/01/33 | |
| 1,000 | | |
| 1,128,125 | |
| Illinois State Toll Highway Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/37 (c) | |
| 2,000 | | |
| 2,244,871 | |
| 5.00%, 01/01/40 (c) | |
| 2,000 | | |
| 2,004,372 | |
| 5.00%, 01/01/42 (c) | |
| 1,000 | | |
| 1,099,197 | |
| Illinois State Toll Highway Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 01/01/37 (c) | |
| 1,500 | | |
| 1,501,914 | |
| 5.00%, 01/01/40 (c) | |
| 1,000 | | |
| 1,002,186 | |
Illinois State, Series C (GO) 4.00%, 10/01/40 (c) | |
| 1,000 | | |
| 962,277 | |
Metropolitan Pier And Exposition Authority Mccormick Place Expansion Project, Series A (RB) 0.00%, 06/15/41 (c) ^ | |
| 4,900 | | |
| 2,574,644 | |
Metropolitan Pier and Exposition Authority, Illinois, Mccormick Place Expansion Project, Series B (RB) 5.00%, 06/15/42 (c) | |
| 1,315 | | |
| 1,354,014 | |
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB) 0.00%, 06/15/37 (c) ^ | |
| 1,500 | | |
| 975,307 | |
Metropolitan Water Reclamation District of Greater Chicago, Series B (GO) (NATL) 5.25%, 12/01/35 | |
| 500 | | |
| 589,089 | |
Northern Illinois Municipal Power Agency, Series A (RB) 4.00%, 12/01/36 (c) | |
| 1,500 | | |
| 1,490,884 | |
Sales Tax Securitization Corporation Sales Tax Securitzation Bonds,Series A (RB) 5.00%, 01/01/42 (c) | |
| 1,000 | | |
| 1,073,434 | |
| Sales Tax Securitization Corporation Sales Tax, Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/40 (c) | |
| 1,000 | | |
| 1,090,013 | |
| 5.00%, 01/01/41 (c) | |
| 1,000 | | |
| 1,081,043 | |
Sales Tax Securitization Corporation Second Lien Sales Tax, Series A (RB) 5.00%, 01/01/42 (c) | |
| 1,000 | | |
| 1,073,434 | |
| State of Illinois (GO) | |
| | | |
| | |
| 5.00%, 02/01/39 (c) | |
| 2,385 | | |
| 2,584,180 | |
| 5.50%, 05/01/39 (c) | |
| 2,000 | | |
| 2,124,139 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
State of Illinois, Sales Tax, Series A (RB) (BAM) 3.00%, 06/15/32 (c) | |
$ | 3,000 | | |
$ | 2,894,420 | |
| State of Illinois, Series A (GO) | |
| | | |
| | |
| 4.00%, 03/01/40 (c) | |
| 2,460 | | |
| 2,380,479 | |
| 5.00%, 10/01/33 (c) | |
| 2,500 | | |
| 2,597,846 | |
| 5.00%, 03/01/34 (c) | |
| 1,000 | | |
| 1,075,745 | |
| 5.00%, 05/01/35 (c) | |
| 2,250 | | |
| 2,315,912 | |
| 5.00%, 12/01/35 (c) | |
| 1,000 | | |
| 1,023,344 | |
| 5.00%, 05/01/41 (c) | |
| 630 | | |
| 641,524 | |
| State of Illinois, Series B (GO) | |
| | | |
| | |
| 4.00%, 10/01/34 (c) | |
| 2,000 | | |
| 2,018,927 | |
| 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,078,348 | |
| State of Illinois, Series D (GO) | |
| | | |
| | |
| 5.00%, 07/01/36 (c) | |
| 1,000 | | |
| 1,079,203 | |
| 5.00%, 09/01/38 (c) | |
| 2,000 | | |
| 2,173,997 | |
| 5.00%, 09/01/40 (c) | |
| 1,000 | | |
| 1,074,386 | |
State of Illinois, Series D (RB)
3.00%, 06/15/32 (c) | |
| 680 | | |
| 656,068 | |
State of Illinois, Seris B (GO) 5.00%, 05/01/38 (c) | |
| 1,145 | | |
| 1,243,715 | |
| | |
| | | |
| 82,623,624 | |
| Indiana: 1.3% | |
| | | |
| | |
Avon, Indiana Community School Building Corp., Ad Valorem Property Tax First Mortgage (RB) 5.25%, 07/15/39 (c) | |
| 1,000 | | |
| 1,105,724 | |
| Indiana Finance Authority (RB) | |
| | | |
| | |
| 5.00%, 02/01/32 | |
| 2,500 | | |
| 2,749,369 | |
| 5.00%, 02/01/33 | |
| 3,000 | | |
| 3,333,893 | |
| Indiana Finance Authority, Ascension Senior Credit Group, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 11/15/42 (c) | |
| 2,000 | | |
| 2,180,019 | |
| 5.00%, 11/15/43 (c) | |
| 1,000 | | |
| 1,081,543 | |
Indiana Finance Authority, First Lien Wastewater Utility (RB) 4.00%, 10/01/35 (c) | |
| 2,500 | | |
| 2,579,371 | |
Indiana Finance Authority, Indiana University Health Inc., Series B (RB) 5.00%, 10/01/55 (c) (p) | |
| 1,000 | | |
| 1,101,897 | |
Indiana Finance Authority, Indiana University Health, Series D-3 (RB) 5.00%, 10/01/59 (c) (p) | |
| 2,000 | | |
| 2,227,753 | |
Indiana Finance Authority, University Health, Series D (RB) 5.00%, 10/01/57 (c) (p) | |
| 2,000 | | |
| 2,235,704 | |
Indiana Municipal Power Agency, Series A (RB) 5.00%, 01/01/42 (c) | |
| 1,000 | | |
| 1,000,417 | |
| Indiana State Finance Authority, Series C (RB) | |
| | | |
| | |
| 5.00%, 02/01/35 | |
| 500 | | |
| 575,720 | |
| 5.00%, 02/01/36 (c) | |
| 1,000 | | |
| 1,150,034 | |
| 5.00%, 02/01/37 (c) | |
| 1,500 | | |
| 1,713,711 | |
| | |
Par
(000’s | ) | |
Value | |
| Indiana (continued) | |
| | | |
| | |
| 5.00%, 02/01/40 (c) | |
$ | 500 | | |
$ | 561,699 | |
Indianapolis Local Public Improvement Bond Bank, Indiana Convention Center Hotel, Series E (RB) 5.50%, 03/01/38 (c) | |
| 1,000 | | |
| 1,076,841 | |
IPS Multi-School Building Corp. (RB) 5.00%, 07/15/41 (c) | |
| 1,000 | | |
| 1,074,894 | |
| Westfield Washington Multi-School Building Corporation, Hamilton County, Indiana, Series A (RB) (BAM) | |
| | | |
| | |
| 5.00%, 07/15/35 (c) | |
| 750 | | |
| 842,674 | |
| 5.25%, 07/15/41 (c) | |
| 2,115 | | |
| 2,338,584 | |
| | |
| | | |
| 28,929,847 | |
| Iowa: 0.3% | |
| | | |
| | |
Iowa Finance Authority (RB) 5.00%, 08/01/43 (c) | |
| 2,000 | | |
| 2,189,041 | |
| Iowa Finance Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 08/01/36 (c) | |
| 1,000 | | |
| 1,123,594 | |
| 5.00%, 08/01/37 (c) | |
| 1,000 | | |
| 1,088,917 | |
| 5.00%, 08/01/37 (c) | |
| 1,000 | | |
| 1,117,602 | |
| | |
| | | |
| 5,519,154 | |
| Kansas: 0.1% | |
| | | |
| | |
County of Johnson, Internal Improvement, Series A (GO) 4.00%, 09/01/34 (c) | |
| 750 | | |
| 757,646 | |
State of Kansas, Department of Transportation, Series A (RB) 5.00%, 09/01/32 (c) | |
| 1,165 | | |
| 1,199,284 | |
| | |
| | | |
| 1,956,930 | |
| Kentucky: 0.7% | |
| | | |
| | |
Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series A (RB) 5.00%, 06/01/41 (c) | |
| 990 | | |
| 992,428 | |
Kentucky Public Energy Authority, Gas Supply, Series A-1 (RB) 5.25%, 04/01/54 (c) (p) | |
| 3,000 | | |
| 3,201,841 | |
Kentucky Public Energy Authority, Gas Supply, Series B (RB) 5.00%, 01/01/55 (c) (p) | |
| 3,000 | | |
| 3,181,829 | |
Kentucky Public Energy Authority, Gas Supply, Series C (RB) 5.00%, 05/01/36 (c) | |
| 2,500 | | |
| 2,659,460 | |
Kentucky State Property and Building Commission, Project No. 119 (RB) (BAM) 5.00%, 05/01/34 (c) | |
| 3,285 | | |
| 3,416,153 | |
Louisville and Jefferson County, Metro Government, Norton Healthcare, Inc., Series A (RB) 4.00%, 10/01/36 (c) | |
| 1,000 | | |
| 991,053 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Kentucky (continued) | |
| | | |
| | |
University of Kentucky, Series A (RB) 3.00%, 10/01/35 (c) | |
$ | 770 | | |
$ | 727,398 | |
| | |
| | | |
| 15,170,162 | |
| Louisiana: 1.1% | |
| | | |
| | |
City Of Shreveport, State Of Louisiana Water And Sewer (RB) (AG) 5.00%, 12/01/39 (c) | |
| 1,540 | | |
| 1,707,408 | |
City Of Shreveport, State Of Louisiana Water And Sewer Revenue (RB) (AG) 5.00%, 12/01/40 (c) | |
| 1,000 | | |
| 1,101,792 | |
| Jefferson Sales Tax District, Parish of Jefferson, Series B (RB) (AG) | |
| | | |
| | |
| 4.00%, 12/01/37 (c) | |
| 1,300 | | |
| 1,311,768 | |
| 5.00%, 12/01/33 (c) | |
| 615 | | |
| 654,787 | |
Jefferson Sales Tax District, Series B (RB) (AG) 4.00%, 12/01/35 (c) | |
| 500 | | |
| 508,996 | |
Louisiana Local Government Environmental Facilities and Community Development Authority, Series B (RB) 2.50%, 04/01/36 (c) | |
| 1,455 | | |
| 1,256,037 | |
Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/32 (c) | |
| 3,040 | | |
| 2,968,724 | |
Louisville Public Facilities Authority, Tulane University, Series A (RB) 5.00%, 10/15/36 (c) | |
| 1,000 | | |
| 1,094,470 | |
State of Louisiana, Gasoline & Fuels Tax (RB) 5.00%, 05/01/33 | |
| 1,000 | | |
| 1,135,959 | |
State of Louisiana, Gasoline & Fuels Tax, Series B (RB) 5.00%, 05/01/35 | |
| 1,000 | | |
| 1,153,349 | |
| State of Louisiana, Series A (GO) | |
| | | |
| | |
| 5.00%, 03/01/32 (c) | |
| 750 | | |
| 824,858 | |
| 5.00%, 03/01/33 (c) | |
| 930 | | |
| 1,002,025 | |
| 5.00%, 04/01/35 (c) | |
| 1,000 | | |
| 1,125,252 | |
| 5.00%, 04/01/36 (c) | |
| 1,000 | | |
| 1,117,396 | |
| 5.00%, 03/01/38 (c) | |
| 1,000 | | |
| 1,075,923 | |
State of Louisiana, Series A (GO) (BAM) 5.00%, 03/01/34 (c) | |
| 910 | | |
| 977,544 | |
State of Louisiana, Series B (GO) 5.00%, 06/01/36 (c) | |
| 4,000 | | |
| 4,598,791 | |
| | |
| | | |
| 23,615,079 | |
| | |
Par
(000’s | ) | |
Value | |
| Maryland: 1.6% | |
| | | |
| | |
| County of Baltimore, Public Improvement (GO) | |
| | | |
| | |
| 4.00%, 03/01/34 (c) | |
$ | 890 | | |
$ | 919,122 | |
| 4.00%, 03/01/36 (c) | |
| 2,420 | | |
| 2,460,623 | |
County of Baltimore, Public Improvement (GO) (AG) 4.00%, 03/01/34 (c) | |
| 1,925 | | |
| 1,972,247 | |
County of Montgomery, Series A (GO) 3.00%, 08/01/32 (c) | |
| 750 | | |
| 747,088 | |
Maryland Community Development Administration, Series A (RB) (AG) 1.95%, 09/01/41 (c) | |
| 310 | | |
| 230,104 | |
Maryland Department of Housing and Community Development, Series B (RB) 4.70%, 09/01/46 (c) | |
| 1,000 | | |
| 1,000,600 | |
Maryland Health & Higher Educational Facilities Authority (RB) (AG) 4.25%, 07/01/40 (c) | |
| 1,000 | | |
| 1,026,738 | |
Maryland Health and Higher Educational Facilities Authority, Mercy Medical Center, Series A (RB) 4.00%, 07/01/42 (c) | |
| 400 | | |
| 388,150 | |
Maryland Stadium Authority (RB) 5.00%, 06/01/40 (c) | |
| 1,000 | | |
| 1,102,241 | |
| Montgomery County, Maryland, Series A (GO) | |
| | | |
| | |
| 2.00%, 08/01/34 (c) | |
| 1,000 | | |
| 864,651 | |
| 2.00%, 08/01/40 (c) | |
| 1,010 | | |
| 757,363 | |
| Prince George’s County, Public Improvement, Series A (GO) | |
| | | |
| | |
| 5.00%, 08/01/34 (c) | |
| 1,500 | | |
| 1,707,466 | |
| 5.00%, 08/01/35 (c) | |
| 2,500 | | |
| 2,829,689 | |
| 5.00%, 07/15/36 (c) | |
| 2,500 | | |
| 2,604,341 | |
State of Maryland, Department of Transportation (RB) (SAW) 2.12%, 10/01/31 (c) | |
| 2,340 | | |
| 2,179,686 | |
State of Maryland, Series A (GO) 5.00%, 06/01/40 (c) | |
| 5,000 | | |
| 5,631,196 | |
| State of Maryland, State and Local Facilities Loan (GO) | |
| | | |
| | |
| 4.00%, 08/01/32 (c) | |
| 530 | | |
| 542,961 | |
| 5.00%, 03/15/32 (c) | |
| 3,000 | | |
| 3,189,303 | |
State of Maryland, State and Local Facilities Loan, Series A (GO) 3.00%, 08/01/31 (c) | |
| 1,000 | | |
| 997,683 | |
Washington Suburban Sanitary Commission (RB) 2.00%, 12/01/41 (c) | |
| 4,025 | | |
| 2,921,698 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Maryland (continued) | |
| | | |
| | |
Washington Suburban Sanitary District, Maryland Consolidated Public Improvement (GO) 5.00%, 06/01/34 (c) | |
$ | 1,650 | | |
$ | 1,652,857 | |
| | |
| | | |
| 35,725,807 | |
| Massachusetts: 3.4% | |
| | | |
| | |
City of Boston, Series A (GO) 5.00%, 11/01/39 (c) | |
| 2,000 | | |
| 2,213,172 | |
Commonwealth of Massachusetts (GO) 5.00%, 08/01/41 (c) | |
| 1,000 | | |
| 1,107,303 | |
Commonwealth of Massachusetts (RB) (BAM) 5.50%, 01/01/34 | |
| 4,420 | | |
| 5,040,755 | |
| Commonwealth of Massachusetts, Series A (GO) | |
| | | |
| | |
| 5.00%, 10/01/31 | |
| 2,250 | | |
| 2,511,620 | |
| 5.00%, 01/01/40 (c) | |
| 1,500 | | |
| 1,662,412 | |
| 5.00%, 04/01/42 (c) | |
| 1,000 | | |
| 1,107,333 | |
| 5.00%, 04/01/42 (c) | |
| 275 | | |
| 278,724 | |
| Commonwealth of Massachusetts, Series B (GO) | |
| | | |
| | |
| 2.00%, 03/01/34 (c) | |
| 1,000 | | |
| 885,312 | |
| 5.00%, 07/01/34 (c) | |
| 1,860 | | |
| 1,866,409 | |
| 5.00%, 05/01/40 (c) | |
| 1,500 | | |
| 1,666,052 | |
| Commonwealth of Massachusetts, Series D (GO) | |
| | | |
| | |
| 4.00%, 05/01/35 (c) | |
| 1,165 | | |
| 1,182,022 | |
| 4.00%, 11/01/37 (c) | |
| 2,000 | | |
| 2,045,617 | |
| 5.00%, 07/01/36 (c) | |
| 365 | | |
| 392,877 | |
Commonwealth of Massachusetts, Series D (GO) (SBG) 5.00%, 07/01/38 (c) | |
| 2,000 | | |
| 2,139,133 | |
Commonwealth of Massachusetts, Series D (RB) (NATL) 5.50%, 01/01/34 | |
| 1,000 | | |
| 1,147,471 | |
| Commonwealth of Massachusetts, Series E (GO) | |
| | | |
| | |
| 3.00%, 11/01/33 (c) | |
| 1,275 | | |
| 1,254,593 | |
| 4.00%, 04/01/38 (c) | |
| 1,000 | | |
| 1,000,067 | |
| 4.00%, 09/01/39 (c) | |
| 3,000 | | |
| 2,999,983 | |
| 5.00%, 11/01/32 (c) | |
| 1,000 | | |
| 1,096,095 | |
| 5.00%, 09/01/37 (c) | |
| 1,010 | | |
| 1,052,718 | |
Commonwealth of Massachusetts, Series H (GO) 5.00%, 12/01/42 (c) | |
| 2,000 | | |
| 2,207,803 | |
Commonwealth of Massachusetts, Series I (GO) 5.00%, 12/01/33 (c) | |
| 500 | | |
| 506,080 | |
Commonwealth of Massachusetts, Transportation Fund, Series A (RB) 5.00%, 06/01/37 (c) | |
| 800 | | |
| 873,529 | |
| | |
Par
(000’s | ) | |
Value | |
| Massachusetts (continued) | |
| | | |
| | |
| Massachusetts Bay Transportation Authority Sales Tax Revenue (RB) | |
| | | |
| | |
| 5.00%, 07/01/41 (c) | |
$ | 1,000 | | |
$ | 1,126,649 | |
| 5.00%, 07/01/42 (c) | |
| 1,000 | | |
| 1,118,983 | |
Massachusetts Bay Transportation Authority Sales Tax, Series A-1 (RB) 5.00%, 07/01/40 (c) | |
| 1,000 | | |
| 1,106,902 | |
Massachusetts Bay Transportation Authority, Series A (RB) 5.00%, 07/01/40 (c) | |
| 1,000 | | |
| 1,119,923 | |
Massachusetts Clean Water Trust, Series B (RB) 5.00%, 02/01/43 (c) | |
| 750 | | |
| 833,839 | |
Massachusetts Development Finance Agency (RB) 5.00%, 11/01/55 (c) (p) | |
| 4,000 | | |
| 4,645,917 | |
Massachusetts Development Finance Agency, Beth Israel Lahey Health Issue, Series K (RB) 5.00%, 07/01/35 (c) | |
| 255 | | |
| 268,187 | |
Massachusetts Development Finance Agency, Children’s Hospital, Series T (RB) 5.00%, 03/01/34 (c) | |
| 1,000 | | |
| 1,150,396 | |
| Massachusetts Development Finance Agency, Harvard University, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/15/36 (c) | |
| 2,605 | | |
| 2,611,561 | |
| 5.00%, 07/15/40 | |
| 3,860 | | |
| 4,539,246 | |
Massachusetts Development Finance Agency, Harvard University, Series B (RB) 5.00%, 02/15/33 | |
| 2,000 | | |
| 2,278,340 | |
Massachusetts Development Finance Agency, Partners Healthcare System, Series S (RB) 4.00%, 07/01/35 (c) | |
| 1,500 | | |
| 1,509,248 | |
Massachusetts Development Finance Agency, Series A-1 (RB) 5.00%, 05/15/55 (p) | |
| 5,000 | | |
| 5,582,519 | |
Massachusetts Development Finance Agency, Series B (RB) 4.00%, 02/15/36 | |
| 1,000 | | |
| 1,085,270 | |
Massachusetts Development Finance Agency, Series N (RB) (AG) 5.00%, 07/01/35 | |
| 1,000 | | |
| 1,145,732 | |
Massachusetts Development Finance Agency, Suffolk University (RB) 5.00%, 07/01/35 (c) | |
| 500 | | |
| 502,745 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Massachusetts (continued) | |
| | | |
| | |
| Massachusetts School Building Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 02/15/36 | |
$ | 500 | | |
$ | 588,511 | |
| 5.00%, 02/15/38 | |
| 500 | | |
| 591,434 | |
| The Commonwealth of Massachusetts, Series A (GO) | |
| | | |
| | |
| 5.00%, 03/01/36 (c) | |
| 1,000 | | |
| 1,133,252 | |
| 5.00%, 04/01/40 (c) | |
| 1,000 | | |
| 1,122,029 | |
| 5.00%, 04/01/41 (c) | |
| 1,000 | | |
| 1,114,737 | |
| University of Massachusetts Building Authority (RB) | |
| | | |
| | |
| 5.00%, 05/01/34 (c) | |
| 1,220 | | |
| 1,294,908 | |
| 5.00%, 11/01/34 (c) | |
| 750 | | |
| 801,420 | |
University of Massachusetts Building Authority (RB) (SD CRED PROG) 5.00%, 11/01/32 (c) | |
| 500 | | |
| 537,349 | |
| | |
| | | |
| 74,046,177 | |
| Michigan: 1.4% | |
| | | |
| | |
Detroit City School District, Series A (GO) (AG) 5.25%, 05/01/32 | |
| 2,220 | | |
| 2,475,373 | |
Great Lakes Water Authority Water Supply System Revenue (RB) 5.00%, 07/01/35 (c) | |
| 1,000 | | |
| 1,143,560 | |
Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series A (RB) 5.00%, 07/01/37 (c) | |
| 3,000 | | |
| 3,347,189 | |
Kalamazoo Michigan Hospital Facilities, Bronson Healthcare Group (RB) 4.00%, 05/15/36 (c) | |
| 2,000 | | |
| 2,000,894 | |
Michigan Fin Auth Rev Hosp Ref Bds Trinity Hlth Credit Group, Series A (RB) 5.00%, 12/01/42 (c) | |
| 480 | | |
| 489,150 | |
Michigan Finance Authority Hospital, McLaren Health Care, Series A (RB) 5.00%, 05/15/38 (c) | |
| 1,000 | | |
| 1,003,184 | |
Michigan Finance Authority, Corewell Health, Series A (RB) 5.00%, 08/15/35 (c) | |
| 3,000 | | |
| 3,400,283 | |
Michigan Finance Authority, Corewell Health, Series B-2 (RB) 5.00%, 08/15/55 (p) | |
| 3,500 | | |
| 3,908,889 | |
Michigan Finance Authority, Henry Ford Health System (RB) 3.00%, 11/15/33 (c) | |
| 355 | | |
| 343,850 | |
Michigan Finance Authority, Trinity Health Credit Group (RB) 4.00%, 12/01/36 (c) | |
| 1,000 | | |
| 994,480 | |
| | |
Par
(000’s | ) | |
Value | |
| Michigan (continued) | |
| | | |
| | |
| Michigan Finance Authority, Trinity Health Credit Group, Series A (RB) | |
| | | |
| | |
| 4.00%, 12/01/40 (c) | |
$ | 1,000 | | |
$ | 977,207 | |
| 5.00%, 12/01/34 (c) | |
| 2,000 | | |
| 2,056,274 | |
| 5.00%, 12/01/35 (c) | |
| 585 | | |
| 600,864 | |
Michigan State Housing Development Authority, Series A (RB) 4.30%, 10/01/40 (c) | |
| 725 | | |
| 725,059 | |
Michigan State Housing Development Authority, Series B (RB) 4.50%, 12/01/38 (c) | |
| 1,500 | | |
| 1,542,008 | |
State of Michigan, Building Authority, Series I (RB) 5.00%, 10/15/32 (c) | |
| 570 | | |
| 575,525 | |
State of Michigan, Environmental Program, Series A (GO) 3.00%, 05/15/36 (c) | |
| 750 | | |
| 708,633 | |
State of Michigan, Housing Development Authority, Single-Family Mortgage, Series B (RB) 3.10%, 12/01/31 (c) | |
| 1,000 | | |
| 992,170 | |
State of Michigan, Karegnondi Water Authority, Counties of Genesee, Lapeer and Sanila (RB) (BAM) 5.00%, 11/01/41 (c) | |
| 750 | | |
| 825,313 | |
State of Michigan, Trunk Line Fund (RB) 5.00%, 11/15/36 (c) | |
| 1,000 | | |
| 1,124,901 | |
State of Michigan, Trunk Line Fund, Series A (RB) 5.00%, 11/15/35 (c) | |
| 1,900 | | |
| 2,089,159 | |
| | |
| | | |
| 31,323,965 | |
| Minnesota: 1.2% | |
| | | |
| | |
City of Rochester, Minnesota, Mayo Clinic, Series A (RB) 5.00%, 11/15/42 (c) | |
| 1,000 | | |
| 1,102,626 | |
County of Hennepin, Minnesota First Lien Sales Tax, Series A (RB) 5.00%, 12/15/31 (c) | |
| 1,000 | | |
| 1,012,081 | |
County of Hennepin, Series A (GO) 5.00%, 12/01/36 (c) | |
| 2,000 | | |
| 2,283,307 | |
Minnesota Agricultural & Economic Development Board (RB) 5.00%, 01/01/38 (c) | |
| 1,000 | | |
| 1,094,980 | |
Minnesota Municipal Gas Agency Gas Project, Series A (RB) 5.00%, 09/01/35 (c) | |
| 1,000 | | |
| 1,039,812 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Minnesota (continued) | |
| | | |
| | |
Minnesota Public Facilities Authority, Series A (RB) 5.00%, 03/01/33 (c) | |
$ | 1,500 | | |
$ | 1,502,150 | |
Regents of the University of Minnesota, Series B (RB) 5.00%, 12/01/31 (c) | |
| 1,000 | | |
| 1,037,817 | |
St. Louis Park Independent School District No. 283, Series A (GO) (SD CRED PROG) 4.25%, 02/01/43 (c) | |
| 500 | | |
| 509,301 | |
| State of Minnesota (GO) | |
| | | |
| | |
| 5.00%, 08/01/38 (c) | |
| 3,000 | | |
| 3,419,305 | |
| 5.00%, 08/01/41 (c) | |
| 2,000 | | |
| 2,248,487 | |
| 5.00%, 08/01/42 (c) | |
| 1,000 | | |
| 1,116,542 | |
State of Minnesota, State Office Building Project (CP) 5.00%, 11/01/41 (c) | |
| 1,075 | | |
| 1,175,581 | |
| State of Minnesota, Various Purpose, Series A (GO) | |
| | | |
| | |
| 5.00%, 08/01/33 (c) | |
| 1,000 | | |
| 1,069,993 | |
| 5.00%, 08/01/36 (c) | |
| 1,000 | | |
| 1,060,770 | |
| 5.00%, 08/01/36 (c) | |
| 2,000 | | |
| 2,156,641 | |
| 5.00%, 08/01/37 (c) | |
| 2,000 | | |
| 2,150,275 | |
White Bear Lake, independent School District No. 624, Series A (GO) (SD CRED PROG) 3.00%, 02/01/33 (c) | |
| 1,000 | | |
| 992,973 | |
White Bear Lake, Minnesota Independent School District No. 624, Series A (GO) (SD CRED PROG) 2.25%, 02/01/36 (c) | |
| 750 | | |
| 643,922 | |
| | |
| | | |
| 25,616,563 | |
| Mississippi: 0.1% | |
| | | |
| | |
Mississippi Hospital Equipment and Facilities Authority, Baptist Memorial Health Corp., Series A (RB) 5.00%, 09/01/41 (c) | |
| 500 | | |
| 500,791 | |
| State of Mississippi, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/15/34 (c) | |
| 1,000 | | |
| 1,038,306 | |
| 5.00%, 10/15/36 (c) | |
| 550 | | |
| 568,723 | |
| | |
| | | |
| 2,107,820 | |
| Missouri: 0.3% | |
| | | |
| | |
County of St. Louis, Hazewood School District, Series A (GO) (BAM) 5.00%, 03/01/38 (c) | |
| 1,000 | | |
| 1,084,764 | |
Missouri Joint Municipal Electric Utility Commission, Prairie State Project, Series A (RB) 4.00%, 12/01/32 (c) | |
| 685 | | |
| 685,754 | |
| Springfield School District No. R-12 (GO) (SAW) | |
| | | |
| | |
| 4.00%, 03/01/35 (c) | |
| 2,415 | | |
| 2,470,922 | |
| 5.00%, 03/01/36 (c) | |
| 450 | | |
| 469,964 | |
| | |
Par
(000’s | ) | |
Value | |
| Missouri (continued) | |
| | | |
| | |
St. Louis School District, Board of Education (GO) (AG) 5.00%, 04/01/37 (c) | |
$ | 1,000 | | |
$ | 1,090,075 | |
The Community College District of St. Louis (CP) 5.00%, 04/01/40 (c) | |
| 1,000 | | |
| 1,089,798 | |
| | |
| | | |
| 6,891,277 | |
| Nebraska: 0.5% | |
| | | |
| | |
| Central Plains Energy Project, Gas Project Crossover No. 3, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/32 | |
| 1,280 | | |
| 1,337,480 | |
| 5.00%, 09/01/34 | |
| 4,300 | | |
| 4,517,954 | |
| 5.00%, 09/01/35 | |
| 2,000 | | |
| 2,101,441 | |
| 5.00%, 09/01/42 | |
| 1,500 | | |
| 1,546,887 | |
Public Power Generation Agency, Whelan Energy Center, Series A (RB) 5.00%, 01/01/35 | |
| 750 | | |
| 852,674 | |
| | |
| | | |
| 10,356,436 | |
| Nevada: 0.6% | |
| | | |
| | |
Clark County School District (GO) 5.00%, 06/15/35 (c) | |
| 1,000 | | |
| 1,130,611 | |
Clark County School District (GO) (AG) 3.00%, 06/15/37 (c) | |
| 1,500 | | |
| 1,369,158 | |
Clark County School District, Series A (GO) 5.00%, 06/15/39 (c) | |
| 1,375 | | |
| 1,487,960 | |
Clark County, Nevada McCarran International Airport, Passenger Facility, Series E (RB) 5.00%, 07/01/32 (c) | |
| 470 | | |
| 500,196 | |
| Clark County, School District, Series A (GO) (AG) | |
| | | |
| | |
| 5.00%, 06/15/32 (c) | |
| 1,000 | | |
| 1,083,477 | |
| 5.00%, 06/15/34 (c) | |
| 915 | | |
| 989,076 | |
Clark County, School District, Series B (GO) (BAM) 3.00%, 06/15/38 (c) | |
| 1,500 | | |
| 1,339,266 | |
Clark County, School District, Series C (GO) 5.00%, 06/15/32 (c) | |
| 1,050 | | |
| 1,083,678 | |
Clark County, Transportation Improvement, Limited Tax, Series B (GO) 4.00%, 12/01/39 (c) | |
| 2,245 | | |
| 2,263,445 | |
County of Clarke, School District, Limited Tax, Series A (GO) 4.00%, 06/15/42 (c) | |
| 500 | | |
| 495,178 | |
Las Vegas Valley Water District, Series C (GO) 3.00%, 06/01/32 (c) | |
| 1,000 | | |
| 993,967 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Nevada (continued) | |
| | | |
| | |
State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB) (AG) 4.00%, 12/01/33 (c) | |
$ | 760 | | |
$ | 775,657 | |
| | |
| | | |
| 13,511,669 | |
| New Hampshire: 0.6% | |
| | | |
| | |
National Finance Authority Affordable Housing Certificates, Series 1 (RB) 4.15%, 10/20/40 (c) (p) | |
| 996 | | |
| 998,123 | |
National Finance Authority Municipal Certificates, Series 3, Class A-1 (RB) 4.95%, 02/20/41 | |
| 1,495 | | |
| 1,555,128 | |
National Finance Authority, Affordable Housing Certificates 2026-1, Class A-1 (RB) 4.12%, 04/20/43 (c) (p) | |
| 1,499 | | |
| 1,471,033 | |
National Finance Authority, Affordable Housing, Series 1 (RB) 4.75%, 06/20/41 (c) (p) | |
| 1,495 | | |
| 1,540,349 | |
National Finance Authority, Municipal Certificates, Series 1 (RB) 3.92%, 01/20/41 | |
| 5,941 | | |
| 5,817,314 | |
National Finance Authority, Municipal Certificates, Series 2 (RB) 3.82%, 11/20/42 | |
| 1,986 | | |
| 1,936,959 | |
| | |
| | | |
| 13,318,906 | |
| New Jersey: 3.5% | |
| | | |
| | |
County of Camden, Board of Education of Township of Cherry Hill (GO) 4.00%, 08/01/35 (c) | |
| 500 | | |
| 511,696 | |
| County of Hudson (GO) | |
| | | |
| | |
| 2.00%, 11/15/34 (c) | |
| 2,000 | | |
| 1,698,103 | |
| 2.00%, 11/15/35 (c) | |
| 685 | | |
| 567,258 | |
New Jersey Economic Development Authority, New Jersey Transit Transportation Project, Series A (RB) (AG) 5.00%, 11/01/33 (c) | |
| 1,000 | | |
| 1,063,907 | |
New Jersey Economic Development Authority, School Facilities Construction, Series LLL (RB) 5.00%, 06/15/36 (c) | |
| 1,250 | | |
| 1,321,107 | |
New Jersey Educational Facilities Authority (RB) 5.00%, 07/01/64 (c) (p) | |
| 10,000 | | |
| 11,518,853 | |
| New Jersey Educational Facilities Authority, New Jersey Princeton University, Series C (RB) | |
| | | |
| | |
| 2.00%, 03/01/37 (c) | |
| 1,975 | | |
| 1,623,257 | |
| 2.00%, 03/01/41 (c) | |
| 500 | | |
| 370,950 | |
| | |
Par
(000’s | ) | |
Value | |
| New Jersey (continued) | |
| | | |
| | |
| New Jersey Educational Facilities Authority, Princeton University, Series C (RB) | |
| | | |
| | |
| 2.00%, 03/01/36 (c) | |
$ | 1,000 | | |
$ | 842,639 | |
| 2.00%, 03/01/38 (c) | |
| 2,000 | | |
| 1,582,613 | |
New Jersey Educational Facilities Authority, Princeton University, Series I (RB) 5.00%, 07/01/32 (c) | |
| 500 | | |
| 512,916 | |
New Jersey Educational Facilities Authority, Princeton Unviersity, Series A-2 (RB) 5.00%, 03/01/41 (c) | |
| 2,500 | | |
| 2,778,876 | |
New Jersey Health Care Facilities Financing Authority, Inspira Health, Series A (RB) 3.38%, 07/01/34 (c) | |
| 360 | | |
| 352,509 | |
New Jersey Housing & Mortgage Finance Agency (RB) 4.75%, 10/01/40 (c) | |
| 980 | | |
| 1,017,255 | |
| New Jersey Transportation Trust Fund Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 12/15/31 (c) | |
| 2,830 | | |
| 2,894,028 | |
| 4.25%, 06/15/40 (c) | |
| 3,045 | | |
| 3,071,513 | |
| 5.00%, 12/15/33 (c) | |
| 1,395 | | |
| 1,462,193 | |
| 5.00%, 12/15/34 (c) | |
| 635 | | |
| 664,219 | |
| 5.00%, 06/15/37 (c) | |
| 4,000 | | |
| 4,488,212 | |
| 5.00%, 06/15/38 (c) | |
| 4,500 | | |
| 5,023,425 | |
| 5.25%, 06/15/39 (c) | |
| 2,640 | | |
| 2,977,898 | |
| New Jersey Transportation Trust Fund Authority, Series AA (RB) | |
| | | |
| | |
| 4.00%, 06/15/39 (c) | |
| 1,000 | | |
| 990,319 | |
| 4.12%, 06/15/39 (c) | |
| 1,000 | | |
| 1,002,409 | |
| 5.00%, 06/15/40 (c) | |
| 1,000 | | |
| 1,086,761 | |
| 5.00%, 06/15/42 (c) | |
| 1,000 | | |
| 1,098,223 | |
New Jersey Transportation Trust Fund Authority, Series BB (RB) 4.00%, 06/15/36 (c) | |
| 1,045 | | |
| 1,058,538 | |
New Jersey Transportation Trust Fund Authority, Series CC (RB) 5.00%, 06/15/33 | |
| 1,000 | | |
| 1,128,447 | |
| New Jersey Turnpike Authority (RB) | |
| | | |
| | |
| 5.00%, 01/01/33 | |
| 1,000 | | |
| 1,130,353 | |
| 5.00%, 01/01/34 | |
| 3,000 | | |
| 3,426,907 | |
| 5.00%, 01/01/35 | |
| 500 | | |
| 575,810 | |
| 5.00%, 01/01/36 (c) | |
| 500 | | |
| 577,756 | |
| 5.00%, 01/01/39 (c) | |
| 1,000 | | |
| 1,130,506 | |
New Jersey Turnpike Authority, Series G (RB) 5.00%, 01/01/36 (c) | |
| 2,500 | | |
| 2,572,111 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New Jersey (continued) | |
| | | |
| | |
New Jersey, Economic Development Authority, Series SSS (RB) 5.00%, 06/15/34 | |
$ | 1,500 | | |
$ | 1,700,826 | |
New Jersey, Transportation Trust Fund Authority, Series A (RB) 4.00%, 06/15/40 (c) | |
| 3,000 | | |
| 2,965,714 | |
| State of New Jersey, Various Purposes (GO) | |
| | | |
| | |
| 2.00%, 06/01/34 (c) | |
| 3,000 | | |
| 2,604,196 | |
| 5.00%, 06/01/38 (c) | |
| 2,000 | | |
| 2,146,465 | |
| Tobacco Settlement Financing Corp., Series A (RB) | |
| | | |
| | |
| 4.00%, 06/01/37 (c) | |
| 540 | | |
| 541,129 | |
| 5.00%, 06/01/32 (c) | |
| 2,755 | | |
| 2,857,487 | |
| | |
| | | |
| 74,937,384 | |
| New Mexico: 0.1% | |
| | | |
| | |
State of New Mexico (GO)
5.00%, 03/01/33 | |
| 1,000 | | |
| 1,134,476 | |
| New York: 17.5% | |
| | | |
| | |
Battery Park City Authorization, Series B (RB) 5.00%, 11/01/36 (c) | |
| 1,000 | | |
| 1,142,192 | |
City of New York NY (GO) 5.00%, 09/01/37 (c) | |
| 2,000 | | |
| 2,179,087 | |
City of New York Trust for Cultural Resources, Lincoln Center for Performing Arts Inc., Series A (RB) 4.00%, 12/01/34 (c) | |
| 1,000 | | |
| 1,027,385 | |
City of New York, Housing Development Corp., Series G-1 (RB) 3.10%, 11/01/32 (c) | |
| 500 | | |
| 498,627 | |
| City of New York, Series A (GO) | |
| | | |
| | |
| 4.00%, 08/01/34 (c) | |
| 485 | | |
| 485,289 | |
| 4.00%, 08/01/38 (c) | |
| 600 | | |
| 602,833 | |
| 5.00%, 09/01/34 (c) | |
| 2,170 | | |
| 2,405,363 | |
| 5.00%, 08/01/37 (c) | |
| 1,000 | | |
| 1,104,145 | |
| City of New York, Series B-1 (GO) | |
| | | |
| | |
| 5.00%, 10/01/32 (c) | |
| 1,125 | | |
| 1,202,319 | |
| 5.00%, 10/01/37 (c) | |
| 250 | | |
| 255,116 | |
| 5.25%, 10/01/40 (c) | |
| 1,575 | | |
| 1,721,499 | |
City of New York, Series C (GO) 4.00%, 08/01/41 (c) | |
| 1,000 | | |
| 984,115 | |
City of New York, Series D (GO) 4.00%, 04/01/41 (c) | |
| 1,000 | | |
| 984,388 | |
City of New York, Series D-1 (GO) (BAM) 5.00%, 03/01/37 (c) | |
| 1,565 | | |
| 1,655,766 | |
City of New York, Series E (GO) 5.00%, 04/01/37 (c) | |
| 1,000 | | |
| 1,101,705 | |
| City of New York, Series E-1 (GO) | |
| | | |
| | |
| 5.00%, 03/01/32 (c) | |
| 1,015 | | |
| 1,053,685 | |
| 5.00%, 03/01/39 (c) | |
| 2,000 | | |
| 2,051,321 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| 5.25%, 03/01/34 (c) | |
$ | 1,000 | | |
$ | 1,039,088 | |
| City of New York, Series F (GO) | |
| | | |
| | |
| 5.00%, 08/01/40 (c) | |
| 750 | | |
| 825,903 | |
| 5.00%, 08/01/41 (c) | |
| 750 | | |
| 821,621 | |
| City of New York, Series F-1 (GO) | |
| | | |
| | |
| 5.00%, 08/01/36 (c) | |
| 1,000 | | |
| 1,110,052 | |
| 5.00%, 08/01/37 (c) | |
| 1,000 | | |
| 1,104,145 | |
| 5.00%, 08/01/38 (c) | |
| 1,000 | | |
| 1,098,714 | |
| 5.00%, 08/01/39 (c) | |
| 1,330 | | |
| 1,450,923 | |
| City of New York, Series G (GO) | |
| | | |
| | |
| 5.00%, 02/01/35 | |
| 2,215 | | |
| 2,528,481 | |
| 5.00%, 02/01/36 (c) | |
| 4,000 | | |
| 4,560,618 | |
| 5.00%, 02/01/40 (c) | |
| 5,000 | | |
| 5,546,361 | |
| 5.25%, 02/01/46 (c) | |
| 1,000 | | |
| 1,083,364 | |
City of New York, Series L (GO) 5.00%, 04/01/32 (c) | |
| 655 | | |
| 694,102 | |
City of New York, Series L-5 (GO) 5.00%, 04/01/34 (c) | |
| 1,865 | | |
| 2,029,506 | |
County of Broome, Local Development Corp., United Health Services Hospitals, In. Project (RB) (AG) 4.00%, 04/01/40 (c) | |
| 925 | | |
| 914,117 | |
County of Monroe, Industrial Development Corp., Rochester Regional Health Project, Series A (RB) 3.00%, 12/01/37 (c) | |
| 865 | | |
| 745,428 | |
County of Nassau, Interim Finance Authority, Public Benefit Corp., Series A (RB) 5.00%, 11/15/35 (c) | |
| 1,500 | | |
| 1,657,517 | |
County of Suffolk, New York Water System, Series A (RB) 5.00%, 06/01/36 (c) | |
| 1,515 | | |
| 1,582,387 | |
County of Suffolk, Public Improvement, Series C (GO) 5.00%, 09/01/35 (c) | |
| 1,500 | | |
| 1,622,084 | |
Dormitory Authority of the State of New York (RB) 5.00%, 03/15/40 (c) | |
| 1,500 | | |
| 1,650,882 | |
| Dormitory Authority of the State of New York, General Purpose, Series A (RB) | |
| | | |
| | |
| 5.00%, 03/15/37 (c) | |
| 1,000 | | |
| 1,126,079 | |
| 5.00%, 03/15/38 (c) | |
| 1,000 | | |
| 1,120,009 | |
| 5.00%, 03/15/41 (c) | |
| 2,000 | | |
| 2,203,187 | |
Dormitory Authority of the State of New York, Series B (RB) 5.00%, 03/15/33 | |
| 1,000 | | |
| 1,143,029 | |
Empire State Development, New York, New York State Urban Development Corporation, Series E (RB) 4.00%, 03/15/42 (c) | |
| 4,665 | | |
| 4,614,749 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| Hudson Yards Infrastructure Corp., Series A (RB) | |
| | | |
| | |
| 5.00%, 02/15/32 (c) | |
$ | 1,700 | | |
$ | 1,728,884 | |
| 5.00%, 02/15/33 (c) | |
| 460 | | |
| 467,490 | |
| 5.00%, 02/15/42 (c) | |
| 645 | | |
| 652,420 | |
| Long Island Power Authority, Electric System (RB) | |
| | | |
| | |
| 5.00%, 09/01/33 (c) | |
| 750 | | |
| 770,860 | |
| 5.00%, 09/01/42 (c) | |
| 1,000 | | |
| 1,022,255 | |
| Long Island Power Authority, Electric System, Series A (RB) | |
| | | |
| | |
| 3.00%, 09/01/36 (c) | |
| 450 | | |
| 430,709 | |
| 5.00%, 09/01/36 (c) | |
| 1,500 | | |
| 1,611,392 | |
Long Island Power Authority, Electric System, Series B (RB) 5.00%, 09/01/36 (c) | |
| 1,000 | | |
| 1,005,775 | |
Metropolitan Transportation Authority, Dedicated Tax Fund, Series B (RB) 5.00%, 11/15/40 (c) | |
| 2,000 | | |
| 2,219,312 | |
| Metropolitan Transportation Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 11/15/33 (c) | |
| 340 | | |
| 341,157 | |
| 4.00%, 11/15/40 (c) | |
| 1,000 | | |
| 980,217 | |
| 5.00%, 11/15/35 (c) | |
| 1,000 | | |
| 1,141,700 | |
| 5.00%, 11/15/40 (c) | |
| 1,000 | | |
| 1,085,120 | |
| 5.00%, 11/15/40 (c) | |
| 2,000 | | |
| 2,188,070 | |
| Metropolitan Transportation Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 11/15/34 | |
| 2,000 | | |
| 2,281,767 | |
| 5.00%, 11/15/35 | |
| 1,500 | | |
| 1,718,645 | |
| 5.00%, 11/15/35 (c) | |
| 2,000 | | |
| 2,016,024 | |
| 5.00%, 11/15/42 (c) | |
| 1,500 | | |
| 1,623,809 | |
| Metropolitan Transportation Authority, Series C-1 (RB) | |
| | | |
| | |
| 4.00%, 11/15/32 (c) | |
| 1,980 | | |
| 2,013,747 | |
| 5.00%, 11/15/33 (c) | |
| 2,540 | | |
| 2,634,848 | |
| 5.00%, 11/15/34 (c) | |
| 810 | | |
| 839,056 | |
Metropolitan Transportation Authority, Series C-2 (RB) 0.00%, 11/15/33 ^ | |
| 1,035 | | |
| 799,424 | |
| Metropolitan Transportation Authority, Series D (RB) | |
| | | |
| | |
| 3.12%, 11/15/35 (c) | |
| 265 | | |
| 241,300 | |
| 4.00%, 11/15/32 (c) | |
| 400 | | |
| 401,628 | |
| 4.00%, 11/15/42 (c) | |
| 1,245 | | |
| 1,179,548 | |
| 5.00%, 11/15/32 (c) | |
| 1,570 | | |
| 1,631,317 | |
| 5.00%, 11/15/33 (c) | |
| 535 | | |
| 554,978 | |
Metropolitian Transportation Authority, Series A (RB) 5.00%, 11/15/36 (c) | |
| 1,500 | | |
| 1,723,469 | |
New York City Housing Development Corp., Multi-Family Housing, Series A (RB) (AG) 2.90%, 11/01/37 (c) | |
| 1,000 | | |
| 890,323 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New York City Housing Development Corp., Multi-Family Housing, Series A-1-C (RB) 2.35%, 11/01/35 (c) | |
$ | 1,100 | | |
$ | 951,714 | |
New York City Housing Development Corp., Multi-Family Housing, Series C-1 (RB) 2.25%, 11/01/41 (c) | |
| 800 | | |
| 599,065 | |
New York City Housing Development Corp., Multi-Family Housing, Series I-1 (RB) 2.35%, 11/01/40 (c) | |
| 525 | | |
| 419,965 | |
New York City Housing Development Corp., Series E-1-A (RB) 4.75%, 11/01/46 (c) | |
| 1,000 | | |
| 1,002,326 | |
New York City Industrial Development Agency, Yankee Stadium Project, Series A (RB) (AG) 4.00%, 03/01/32 (c) | |
| 2,500 | | |
| 2,582,804 | |
New York City Municipal Water Finance Authority Water And Sewer System Second General Resolution, Series Aa-2 (RB) 5.00%, 06/15/39 (c) | |
| 1,000 | | |
| 1,138,590 | |
New York City Municipal Water Finance Authority, Series A (RB) 3.00%, 06/15/36 (c) | |
| 4,130 | | |
| 4,131,320 | |
New York City Municipal Water Finance Authority, Series AA (RB) 5.00%, 06/15/32 (c) | |
| 1,000 | | |
| 1,078,867 | |
New York City Municipal Water Finance Authority, Series CC-1 (RB) 5.00%, 06/15/38 (c) | |
| 1,000 | | |
| 1,010,719 | |
| New York City Municipal Water Finance Authority, Series DD (RB) | |
| | | |
| | |
| 5.00%, 06/15/34 (c) | |
| 3,685 | | |
| 4,206,635 | |
| 5.00%, 06/15/34 | |
| 5,360 | | |
| 6,198,038 | |
| 5.00%, 06/15/46 (c) | |
| 2,000 | | |
| 2,144,724 | |
New York City Municipal Water Finance Authority, Series FF-2 (RB) 5.00%, 06/15/33 (c) | |
| 500 | | |
| 533,365 | |
| New York City Municipal Water Finance Authority, Water & Sewer System, Series DD (RB) | |
| | | |
| | |
| 5.50%, 06/15/38 (c) | |
| 1,000 | | |
| 1,185,130 | |
| 5.50%, 06/15/39 (c) | |
| 1,000 | | |
| 1,177,543 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New York City Municipal Water Finance Authority, Water And Sewer System Second General Resolution,Series Aa-2 (RB)
5.00%, 06/15/44 (c) | |
$ | 1,000 | | |
$ | 1,091,821 | |
New York City Transitional Finance Authority Building Aid, Series S (RB) (SAW)
4.00%, 07/15/35 (c) | |
| 1,015 | | |
| 1,046,792 | |
| New York City Transitional Finance Authority Future Tax Secured Revenue (RB) | |
| | | |
| | |
| 5.00%, 05/01/40 (c) | |
| 2,000 | | |
| 2,235,995 | |
| 5.00%, 05/01/41 (c) | |
| 1,000 | | |
| 1,109,161 | |
| 5.00%, 05/01/42 (c) | |
| 1,000 | | |
| 1,101,423 | |
| New York City Transitional Finance Authority Future Tax, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,109,503 | |
| 5.00%, 11/01/37 (c) | |
| 2,000 | | |
| 2,241,790 | |
| 5.00%, 11/01/39 (c) | |
| 1,000 | | |
| 1,109,242 | |
New York City Transitional Finance Authority Future Tax, Series C-1 (RB) 5.00%, 05/01/40 (c) | |
| 1,815 | | |
| 2,009,823 | |
New York City Transitional Finance Authority Future Tax, Series D (RB) 5.00%, 05/01/33 | |
| 1,000 | | |
| 1,130,539 | |
New York City Transitional Finance Authority Future Tax, Series F-1 (RB) 5.00%, 02/01/39 (c) | |
| 1,000 | | |
| 1,092,666 | |
New York City Transitional Finance Authority Future Tax, Series H (RB) 5.00%, 11/01/38 (c) | |
| 5,000 | | |
| 5,600,058 | |
New York City Transitional Finance Authority, Building Aid, Series S-1 (RB) (SAW) 4.00%, 07/15/36 (c) | |
| 1,375 | | |
| 1,409,652 | |
| New York City Transitional Finance Authority, Building Aid, Series S-3 (RB) (SAW) | |
| | | |
| | |
| 5.00%, 07/15/33 (c) | |
| 1,605 | | |
| 1,679,598 | |
| 5.00%, 07/15/35 (c) | |
| 1,000 | | |
| 1,042,809 | |
New York City Transitional Finance Authority, Building Aid, Series S-4 (RB) (SAW) 5.00%, 07/15/33 (c) | |
| 500 | | |
| 523,239 | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A (RB) | |
| | | |
| | |
| 3.00%, 11/01/37 (c) | |
| 2,000 | | |
| 1,839,340 | |
| 5.00%, 11/01/36 (c) | |
| 3,000 | | |
| 3,218,988 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 11/01/32 (c) | |
$ | 1,000 | | |
$ | 1,110,509 | |
| 5.00%, 05/01/33 (c) | |
| 450 | | |
| 450,697 | |
| 5.00%, 05/01/34 (c) | |
| 880 | | |
| 881,298 | |
| 5.00%, 05/01/35 (c) | |
| 655 | | |
| 655,917 | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B (RB) | |
| | | |
| | |
| 4.00%, 08/01/35 (c) | |
| 2,000 | | |
| 2,001,931 | |
| 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,116,422 | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB) | |
| | | |
| | |
| 4.00%, 08/01/42 (c) | |
| 1,500 | | |
| 1,476,405 | |
| 5.00%, 08/01/31 (c) | |
| 1,000 | | |
| 1,090,249 | |
| 5.00%, 08/01/32 (c) | |
| 540 | | |
| 542,725 | |
| 5.00%, 08/01/32 (c) | |
| 1,000 | | |
| 1,027,971 | |
| 5.00%, 11/01/32 (c) | |
| 1,065 | | |
| 1,088,776 | |
| 5.00%, 08/01/33 (c) | |
| 895 | | |
| 899,291 | |
| 5.00%, 08/01/34 (c) | |
| 780 | | |
| 813,144 | |
| 5.00%, 08/01/34 (c) | |
| 1,000 | | |
| 1,097,837 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C (RB) 5.00%, 11/01/33 (c) | |
| 900 | | |
| 919,552 | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB) | |
| | | |
| | |
| 4.00%, 05/01/39 (c) | |
| 1,690 | | |
| 1,701,887 | |
| 4.00%, 05/01/41 (c) | |
| 500 | | |
| 495,473 | |
| 4.00%, 11/01/42 (c) | |
| 1,120 | | |
| 1,099,553 | |
| 5.00%, 05/01/37 (c) | |
| 2,500 | | |
| 2,674,441 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB) 5.00%, 02/01/39 (c) | |
| 1,710 | | |
| 1,731,428 | |
New York City Transitional Finance Authority, Series C (RB) 5.00%, 05/01/33 | |
| 1,000 | | |
| 1,130,539 | |
New York City Transitional Finance Authority, Series C, Subseries C-1 (RB) 5.00%, 05/01/39 (c) | |
| 2,000 | | |
| 2,223,845 | |
| New York City Transitional Finance Authority, Series D (RB) | |
| | | |
| | |
| 5.00%, 05/01/37 (c) | |
| 3,000 | | |
| 3,373,440 | |
| 5.00%, 11/01/39 (c) | |
| 4,300 | | |
| 4,745,780 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| New York City Transitional Finance Authority, Series E (RB) | |
| | | |
| | |
| 5.00%, 11/01/35 (c) | |
$ | 2,000 | | |
$ | 2,275,728 | |
| 5.00%, 11/01/38 (c) | |
| 2,000 | | |
| 2,225,341 | |
| 5.00%, 11/01/39 (c) | |
| 2,000 | | |
| 2,218,484 | |
| 5.00%, 11/01/40 (c) | |
| 3,000 | | |
| 3,312,293 | |
New York City Transitional Finance Authority, Series F (RB) 5.00%, 11/01/32 | |
| 2,000 | | |
| 2,251,362 | |
| New York City Transitional Finance Authority, Series H (RB) | |
| | | |
| | |
| 5.00%, 11/01/35 (c) | |
| 2,000 | | |
| 2,283,071 | |
| 5.00%, 11/01/40 (c) | |
| 3,000 | | |
| 3,327,900 | |
New York City Water and Sewer System, Series AA-2 (RB) 3.00%, 06/15/40 (c) | |
| 915 | | |
| 809,653 | |
New York City Water and Sewer System, Series EE (RB) (AG) 5.00%, 06/15/40 (c) | |
| 2,085 | | |
| 2,192,562 | |
New York Energy Finance Development Corp. (RB) 5.00%, 07/01/56 (c) (p) | |
| 5,000 | | |
| 5,151,565 | |
New York Environmental Facilities Corporation, New York City Municipal Water Finance Authory Projects, Series A (RB) 5.00%, 06/15/40 (c) | |
| 1,000 | | |
| 1,124,931 | |
New York Liberty Development Corp. (RB) 2.25%, 02/15/41 (c) | |
| 5,000 | | |
| 3,690,460 | |
New York Liberty Development Corp., Goldman Sachs Headquarters LLC (RB) 5.25%, 10/01/35 | |
| 1,000 | | |
| 1,145,287 | |
| New York State Dormitory Authority (RB) | |
| | | |
| | |
| 4.00%, 07/01/37 (c) | |
| 1,000 | | |
| 1,027,289 | |
| 4.00%, 07/01/38 (c) | |
| 650 | | |
| 650,017 | |
| 5.00%, 07/01/34 | |
| 1,500 | | |
| 1,731,669 | |
| 5.00%, 07/01/35 | |
| 1,000 | | |
| 1,169,143 | |
| New York State Dormitory Authority (RB) (AG) | |
| | | |
| | |
| 5.00%, 10/01/33 | |
| 2,000 | | |
| 2,299,172 | |
| 5.00%, 10/01/34 | |
| 2,000 | | |
| 2,318,528 | |
| 5.00%, 10/01/35 (c) | |
| 1,250 | | |
| 1,440,199 | |
New York State Dormitory Authority, Memorial Sloan Kettering Cancer Center (RB) 4.00%, 07/01/37 (c) | |
| 1,000 | | |
| 1,010,789 | |
New York State Dormitory Authority, Memorial Sloan Kettering Cancer Center, Series 2B (RB) 5.00%, 07/01/49 (c) (p) | |
| 3,000 | | |
| 3,336,064 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New York State Dormitory Authority, New York Northwell Health, Series A (RB) 5.00%, 05/01/34 | |
$ | 4,000 | | |
$ | 4,513,664 | |
New York State Dormitory Authority, New York University, Series A (RB) 5.00%, 07/01/33 (c) | |
| 1,140 | | |
| 1,166,999 | |
New York State Dormitory Authority, New York University, Series A (RB) (AG) 5.00%, 03/15/38 (c) | |
| 1,250 | | |
| 1,292,138 | |
New York State Dormitory Authority, New York White Plants Hospital (RB) (AG) 5.25%, 10/01/41 (c) | |
| 750 | | |
| 819,715 | |
| New York State Dormitory Authority, Personal Income Tax, Series A (RB) | |
| | | |
| | |
| 3.00%, 03/15/42 (c) | |
| 500 | | |
| 428,016 | |
| 5.00%, 02/15/39 (c) | |
| 2,000 | | |
| 2,007,905 | |
New York State Dormitory Authority, Personal Income Tax, Series E (RB) 4.00%, 03/15/38 (c) | |
| 1,500 | | |
| 1,519,045 | |
New York State Dormitory Authority, Sales Tax, Series A (RB) 5.00%, 03/15/37 (c) | |
| 1,000 | | |
| 1,117,623 | |
| New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (AG) | |
| | | |
| | |
| 4.00%, 10/01/35 (c) | |
| 1,315 | | |
| 1,335,635 | |
| 5.00%, 10/01/35 (c) | |
| 2,040 | | |
| 2,240,273 | |
New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (SAW) 5.00%, 10/01/32 (c) | |
| 1,200 | | |
| 1,211,406 | |
| New York State Dormitory Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 02/15/33 (c) | |
| 1,000 | | |
| 1,006,621 | |
| 4.00%, 02/15/35 (c) | |
| 2,475 | | |
| 2,484,573 | |
| New York State Dormitory Authority, Series C (RB) | |
| | | |
| | |
| 5.00%, 03/15/33 | |
| 1,000 | | |
| 1,131,639 | |
| 5.00%, 03/15/40 (c) | |
| 1,000 | | |
| 1,127,580 | |
| New York State Dormitory Authority, State Personal Income Tax, Series A (RB) | |
| | | |
| | |
| 3.00%, 03/15/38 (c) | |
| 3,120 | | |
| 2,834,434 | |
| 4.00%, 02/15/36 (c) | |
| 1,235 | | |
| 1,238,350 | |
| 4.00%, 03/15/37 (c) | |
| 1,135 | | |
| 1,151,716 | |
| 4.00%, 03/15/37 (c) | |
| 1,075 | | |
| 1,095,381 | |
| 4.00%, 03/15/38 (c) | |
| 2,795 | | |
| 2,824,962 | |
| 5.00%, 02/15/32 (c) | |
| 595 | | |
| 604,837 | |
| 5.00%, 03/15/34 (c) | |
| 2,370 | | |
| 2,512,320 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| 5.00%, 03/15/35 (c) | |
$ | 1,950 | | |
$ | 2,062,673 | |
| 5.00%, 03/15/36 (c) | |
| 3,910 | | |
| 4,127,071 | |
| 5.25%, 03/15/38 (c) | |
| 1,305 | | |
| 1,366,815 | |
New York State Dormitory Authority, State Personal Income Tax, Series B (RB) 5.00%, 02/15/37 (c) | |
| 2,270 | | |
| 2,319,201 | |
| New York State Dormitory Authority, State Personal Income Tax, Series D (RB) | |
| | | |
| | |
| 5.00%, 02/15/32 (c) | |
| 940 | | |
| 945,874 | |
| 5.00%, 02/15/33 (c) | |
| 2,000 | | |
| 2,154,143 | |
New York State Dormitory Authority, State Personal Income Tax, Series E (RB) 4.00%, 03/15/37 (c) | |
| 2,000 | | |
| 2,044,937 | |
| New York State Dormitory Authority, State Sales Tax, Series A (RB) | |
| | | |
| | |
| 5.00%, 03/15/33 (c) | |
| 1,000 | | |
| 1,019,545 | |
| 5.00%, 03/15/34 (c) | |
| 2,110 | | |
| 2,150,747 | |
New York State Dormitory Authority, State Sales Tax, Series C (RB) 5.00%, 03/15/35 (c) | |
| 1,970 | | |
| 2,042,352 | |
New York State Dormitory Authority, State University, Series B (RB) 4.00%, 07/01/36 (c) | |
| 1,000 | | |
| 1,032,754 | |
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series A (RB) 5.00%, 06/15/32 (c) | |
| 415 | | |
| 416,170 | |
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series B (RB) 5.00%, 06/15/36 (c) | |
| 1,250 | | |
| 1,330,467 | |
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series E (RB) 5.00%, 06/15/33 (c) | |
| 1,000 | | |
| 1,025,408 | |
New York State Housing Finance Agency, Series A (RB) 3.95%, 11/01/50 (c) (p) | |
| 3,500 | | |
| 3,549,852 | |
New York State Housing Finance Agency, Series A-1 (RB) 3.60%, 11/01/44 (c) (p) | |
| 500 | | |
| 504,023 | |
New York State Housing Finance Agency, Series H (RB) (AG) 2.10%, 11/01/35 (c) | |
| 835 | | |
| 698,704 | |
| New York State Thruway Authority (RB) | |
| | | |
| | |
| 5.00%, 01/01/42 (c) | |
| 800 | | |
| 893,318 | |
| 5.00%, 01/01/43 (c) | |
| 700 | | |
| 774,295 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| 5.00%, 01/01/44 (c) | |
$ | 600 | | |
$ | 657,716 | |
| 5.00%, 01/01/45 (c) | |
| 500 | | |
| 541,871 | |
| 5.00%, 01/01/46 (c) | |
| 625 | | |
| 669,566 | |
New York State Thruway Authority, Personal Income Tax, Series A-1 (RB) 4.00%, 03/15/40 (c) | |
| 525 | | |
| 525,473 | |
| New York State Thruway Authority, Series B (RB) (AG) | |
| | | |
| | |
| 4.00%, 01/01/37 (c) | |
| 800 | | |
| 806,622 | |
| 4.00%, 01/01/40 (c) | |
| 4,400 | | |
| 4,361,227 | |
| New York State Thruway Authority, Series L (RB) | |
| | | |
| | |
| 3.50%, 01/01/37 (c) | |
| 1,120 | | |
| 1,103,433 | |
| 4.00%, 01/01/36 (c) | |
| 2,500 | | |
| 2,521,343 | |
New York State Thruway Authority, State Personal Income Tax, Series A (RB) 5.00%, 03/15/39 (c) | |
| 2,000 | | |
| 2,187,916 | |
| New York State Thruway Authority, State Personal Income, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 03/15/34 (c) | |
| 2,000 | | |
| 2,192,306 | |
| 5.00%, 03/15/35 (c) | |
| 800 | | |
| 873,198 | |
New York State Urban Development Corp., State Personal Income, Series A (RB) 5.00%, 03/15/37 (c) | |
| 1,475 | | |
| 1,587,667 | |
| New York State Urban Development Corp., State Personal Income, Series C (RB) | |
| | | |
| | |
| 4.00%, 03/15/34 (c) | |
| 1,000 | | |
| 1,035,913 | |
| 4.00%, 03/15/37 (c) | |
| 1,000 | | |
| 1,015,132 | |
| 5.00%, 03/15/32 (c) | |
| 4,295 | | |
| 4,419,462 | |
| New York State Urban Development Corp., State Sales Tax, Series A (RB) | |
| | | |
| | |
| 5.00%, 03/15/35 (c) | |
| 1,000 | | |
| 1,065,035 | |
| 5.00%, 03/15/36 (c) | |
| 4,500 | | |
| 4,918,452 | |
New York State, Urban Development Coporation, Series B (RB) 5.00%, 03/15/36 (c) | |
| 1,000 | | |
| 1,119,064 | |
New York Transitional Finance Authority, Series E (RB) 5.00%, 11/01/36 (c) | |
| 1,760 | | |
| 1,990,159 | |
| New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Series C (RB) | |
| | | |
| | |
| 4.00%, 12/01/42 (c) | |
| 1,925 | | |
| 1,838,755 | |
| 5.00%, 12/01/35 (c) | |
| 750 | | |
| 802,234 | |
| Port Authority of New York & New Jersey (RB) | |
| | | |
| | |
| 5.00%, 01/15/40 (c) | |
| 1,000 | | |
| 1,128,716 | |
| 5.00%, 01/15/41 (c) | |
| 2,000 | | |
| 2,238,212 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
Port Authority of New York and New Jersey, Series 209 (RB) 5.00%, 07/15/36 (c) | |
$ | 500 | | |
$ | 521,653 | |
Port Authority of New York and New Jersey, Series 211 (RB) 5.00%, 09/01/34 (c) | |
| 500 | | |
| 524,661 | |
Port Authority of New York and New Jersey, Series 217 (RB) 5.00%, 11/01/36 (c) | |
| 500 | | |
| 533,618 | |
| Port Authority of New York and New Jersey, Series 222 (RB) | |
| | | |
| | |
| 4.00%, 07/15/36 (c) | |
| 2,600 | | |
| 2,648,706 | |
| 4.00%, 07/15/37 (c) | |
| 3,975 | | |
| 4,036,531 | |
| 5.00%, 07/15/34 (c) | |
| 1,000 | | |
| 1,082,597 | |
| 5.00%, 07/15/35 (c) | |
| 1,000 | | |
| 1,080,058 | |
State of New York, Dormitory Authority, Series A (RB) 5.00%, 03/15/41 (c) | |
| 1,000 | | |
| 1,113,322 | |
State of New York, Mortgage Agency, Series 205 (RB) 3.12%, 10/01/32 (c) | |
| 460 | | |
| 458,821 | |
Town of Hempstead, New York Public Improvement (GO) 4.00%, 05/01/41 (c) | |
| 1,000 | | |
| 1,022,426 | |
| Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series A-1 (RB) | |
| | | |
| | |
| 5.00%, 05/15/40 (c) | |
| 750 | | |
| 829,844 | |
| 5.00%, 11/15/41 (c) | |
| 2,000 | | |
| 2,224,154 | |
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series A-2 (RB) 5.00%, 11/15/35 | |
| 2,260 | | |
| 2,639,983 | |
| Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series C (RB) | |
| | | |
| | |
| 5.00%, 11/15/36 (c) | |
| 3,000 | | |
| 3,381,141 | |
| 5.00%, 05/15/37 (c) | |
| 1,225 | | |
| 1,335,368 | |
| 5.00%, 11/15/38 (c) | |
| 2,000 | | |
| 2,258,882 | |
| Triborough Bridge and Tunnel Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 11/15/32 (c) | |
| 1,070 | | |
| 1,094,086 | |
| 5.00%, 11/15/33 (c) | |
| 1,255 | | |
| 1,282,344 | |
| 5.00%, 11/15/37 (c) | |
| 1,000 | | |
| 1,018,787 | |
Troy Capital Resource Corp., Rensselaer Polytechnic Institute Project, Series A (RB) 5.00%, 09/01/31 (c) | |
| 1,250 | | |
| 1,338,039 | |
| TSASC, Inc., Tobacco Settlement Bonds, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/33 (c) | |
| 500 | | |
| 507,793 | |
| 5.00%, 06/01/35 (c) | |
| 845 | | |
| 856,436 | |
TSASC, Inc., Tobacco Settlement, Series A (RB) 5.00%, 06/01/41 (c) | |
| 1,000 | | |
| 1,007,189 | |
Utility Debt Securitization Authority, Series E (RB) 5.00%, 12/15/35 (c) | |
| 2,000 | | |
| 2,262,383 | |
| | |
| | | |
| 379,997,761 | |
| | |
Par
(000’s | ) | |
Value | |
| North Carolina: 1.1% | |
| | | |
| | |
Charlotte-Mecklenburg Hospital Authority, Atrium Health Care, Series D (RB) 5.00%, 01/15/49 (p) | |
$ | 3,000 | | |
$ | 3,299,681 | |
Charlotte-Mecklenburg Hospital Authority, Carolinas Healthcare System, Series A (RB) 4.00%, 01/15/35 (c) | |
| 1,925 | | |
| 1,925,994 | |
County of Wake (RB) 3.00%, 03/01/35 (c) | |
| 1,500 | | |
| 1,457,396 | |
North Carolina Charlotte Douglas International Airport, Series A (RB) 4.00%, 07/01/39 (c) | |
| 1,670 | | |
| 1,686,315 | |
North Carolina Housing Finance Agency Home Ownership (RB) 4.60%, 07/01/37 (c) | |
| 995 | | |
| 1,017,675 | |
North Carolina Housing Finance Agency, Home Ownership (RB) 4.88%, 07/01/42 (c) | |
| 495 | | |
| 519,292 | |
North Carolina Medical Care Commission (RB) 5.00%, 06/01/36 (c) | |
| 1,000 | | |
| 1,132,764 | |
| North Carolina Turnpike Authority, Triangle Expressway System, Series A (RB) | |
| | | |
| | |
| 4.00%, 01/01/33 (c) | |
| 890 | | |
| 903,908 | |
| 4.00%, 01/01/34 (c) | |
| 360 | | |
| 365,184 | |
| 4.00%, 01/01/35 (c) | |
| 800 | | |
| 810,152 | |
State of North Carolina (RB) 5.00%, 03/01/39 (c) | |
| 2,200 | | |
| 2,469,323 | |
| State of North Carolina, Department of State Treasurer (RB) | |
| | | |
| | |
| 5.00%, 03/01/36 (c) | |
| 3,000 | | |
| 3,439,272 | |
| 5.00%, 03/01/40 (c) | |
| 2,625 | | |
| 2,931,210 | |
State of North Carolina, Series A (RB) 5.00%, 05/01/34 (c) | |
| 1,000 | | |
| 1,114,884 | |
University of North Carolina at Chapel Hill, Series B (RB) 5.00%, 12/01/37 (c) | |
| 1,000 | | |
| 1,096,099 | |
| | |
| | | |
| 24,169,149 | |
| North Dakota: 0.0% | |
| | | |
| | |
City of Grand Forks, Altru Health System (RB) (AG) 4.00%, 12/01/41 (c) | |
| 1,000 | | |
| 907,652 | |
| Ohio: 2.1% | |
| | | |
| | |
Akron Bath Copley Joint Township Hospital District, Summa Health (RB) 4.00%, 11/15/35 (c) | |
| 1,000 | | |
| 1,053,198 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Ohio (continued) | |
| | | |
| | |
American Municipal Power, Inc., Spairie State Campus Project, Series A (RB) (BAM) 4.00%, 02/15/34 (c) | |
$ | 1,520 | | |
$ | 1,554,582 | |
American Municipal Power, Inc., Spairie State Campus Project, Series B (RB) 5.00%, 02/15/35 (c) | |
| 1,360 | | |
| 1,445,570 | |
| Buckeye Tobacco Settlement Financing Authority, Series A-2 (RB) | |
| | | |
| | |
| 5.00%, 06/01/32 (c) | |
| 500 | | |
| 538,549 | |
| 5.00%, 06/01/33 (c) | |
| 500 | | |
| 536,757 | |
| 5.00%, 06/01/34 (c) | |
| 3,000 | | |
| 3,187,553 | |
| City of Columbus OH (GO) | |
| | | |
| | |
| 5.00%, 10/01/40 (c) | |
| 1,000 | | |
| 1,124,345 | |
| 5.00%, 10/01/41 (c) | |
| 1,000 | | |
| 1,113,389 | |
City of Columbus, Various Purpose, Series A (GO) 5.00%, 08/15/40 (c) | |
| 1,000 | | |
| 1,112,255 | |
| County of Allen, Ohio, Hospital Facilities, Bon Secours Mercy Health, Inc., Series A (RB) | |
| | | |
| | |
| 5.00%, 11/01/33 | |
| 1,000 | | |
| 1,125,416 | |
| 5.00%, 11/01/34 | |
| 1,000 | | |
| 1,131,856 | |
County of Butler, Ohio Hospital Facilities, UC Health (RB) 4.00%, 11/15/37 (c) | |
| 500 | | |
| 481,089 | |
County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB) 5.00%, 02/15/42 (c) | |
| 1,000 | | |
| 993,163 | |
County of Hamilton, Ohio Hospital Facilities, TriHealth, Inc. (RB) 5.00%, 08/15/42 (c) | |
| 500 | | |
| 507,155 | |
County of Hamilton, Series A (RB) 4.00%, 12/01/31 (c) | |
| 1,000 | | |
| 1,005,974 | |
Ohio Turnpike and Infrastructure Commission, Series A (RB) 5.00%, 02/15/39 (c) | |
| 2,000 | | |
| 2,198,278 | |
Ohio Water Development Authority Water Pollution Control Loan Fund, Series D (RB) 5.00%, 12/01/34 | |
| 2,500 | | |
| 2,893,805 | |
| Ohio Water Development Authority, Drinking Water Assistance, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/36 (c) | |
| 1,335 | | |
| 1,453,351 | |
| 5.00%, 12/01/40 (c) | |
| 1,000 | | |
| 1,108,027 | |
Ohio Water Development Authority, Fresh Water (RB) 5.00%, 12/01/37 (c) | |
| 1,760 | | |
| 1,869,758 | |
| | |
Par
(000’s | ) | |
Value | |
| Ohio (continued) | |
| | | |
| | |
| Ohio Water Development Authority, Water Pollution Control, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/33 (c) | |
$ | 1,000 | | |
$ | 1,083,881 | |
| 5.00%, 12/01/37 (c) | |
| 1,970 | | |
| 2,104,261 | |
| State of Ohio (GO) | |
| | | |
| | |
| 5.00%, 11/01/44 (c) | |
| 3,960 | | |
| 4,302,860 | |
| 5.00%, 05/01/45 (c) | |
| 2,000 | | |
| 2,147,336 | |
State of Ohio (RB) 5.00%, 10/01/42 (c) | |
| 1,500 | | |
| 1,648,838 | |
State of Ohio Common Schools, Series A (GO) 5.00%, 06/15/40 (c) | |
| 1,000 | | |
| 1,123,059 | |
State of Ohio Hospital, Cleveland Clinic Health System, Series A (RB) 4.00%, 01/01/34 (c) | |
| 760 | | |
| 767,690 | |
State of Ohio, Cleveland Clinic System, Series B (RB) (BAM) 4.00%, 01/01/41 (c) | |
| 835 | | |
| 821,309 | |
State of Ohio, Highway Capital Improvement, Series T (GO) 5.00%, 05/01/33 (c) | |
| 1,000 | | |
| 1,021,329 | |
State of Ohio, Ohio Water Development Authority, Water Pollution Control, Series A (RB) 5.00%, 12/01/40 (c) | |
| 1,000 | | |
| 1,108,027 | |
| State of Ohio, Series A (GO) | |
| | | |
| | |
| 5.00%, 06/15/35 | |
| 1,000 | | |
| 1,158,368 | |
| 5.00%, 09/01/36 (c) | |
| 840 | | |
| 942,647 | |
| | |
| | | |
| 44,663,675 | |
| Oklahoma: 0.2% | |
| | | |
| | |
Grand River Dam Authority, Series A (RB) 4.00%, 06/01/33 (c) | |
| 2,000 | | |
| 2,009,304 | |
Oklahoma Turnpike Authority, Series C (RB) 5.00%, 01/01/35 (c) | |
| 565 | | |
| 572,119 | |
| Oklahoma Water Resources Board State Loan Program, Series C (RB) | |
| | | |
| | |
| 5.00%, 10/01/44 (c) | |
| 600 | | |
| 642,807 | |
| 5.00%, 10/01/45 (c) | |
| 600 | | |
| 639,289 | |
| | |
| | | |
| 3,863,519 | |
| Oregon: 1.8% | |
| | | |
| | |
City of Portland Oregon, Sewer System, Series A (RB) 3.00%, 03/01/37 (c) | |
| 2,350 | | |
| 2,188,243 | |
City of Portland, Oregon Sewer System, Series A (RB) 5.00%, 12/01/42 (c) | |
| 500 | | |
| 542,541 | |
Corvallis School District No. 509J, Series B (GO) (SBG) 5.00%, 06/15/35 (c) | |
| 1,285 | | |
| 1,338,474 | |
Hillsboro School District No. 1J (GO) (SBG) 5.00%, 06/15/35 (c) | |
| 590 | | |
| 602,215 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Oregon (continued) | |
| | | |
| | |
| Marion and Polk County, Salem-Keizer School District No. 24J, Series B (GO) (SBG) | |
| | | |
| | |
| 4.00%, 06/15/35 (c) | |
$ | 740 | | |
$ | 749,510 | |
| 5.00%, 06/15/32 (c) | |
| 545 | | |
| 570,897 | |
Marion and Polk County, Salem-Keizer School District No. 24J, Series C (GO) (SBG) 4.00%, 06/15/38 (c) | |
| 2,000 | | |
| 2,028,774 | |
Medford, Oregon Hospital Facilities Authority, Series A (RB) 5.00%, 08/15/33 (c) | |
| 720 | | |
| 769,965 | |
Medford, Oregon Hospital Facilities Authority, Series A (RB) (AG) 5.00%, 08/15/34 (c) | |
| 700 | | |
| 744,999 | |
| Multnomah and Clackamas Counties, School District No. 10JT, Series B (GO) (SBG) | |
| | | |
| | |
| 0.00%, 06/15/32 (c) ^ | |
| 1,215 | | |
| 957,379 | |
| 0.00%, 06/15/33 (c) ^ | |
| 1,010 | | |
| 758,761 | |
| Multnomah County School District No. 1J, Series B (GO) (SBG) | |
| | | |
| | |
| 2.00%, 06/15/42 (c) | |
| 550 | | |
| 392,557 | |
| 3.00%, 06/15/33 (c) | |
| 1,280 | | |
| 1,246,899 | |
| 3.25%, 06/15/42 (c) | |
| 295 | | |
| 261,244 | |
Multnomah County, School District No. 1J (GO) (SBG) 5.00%, 06/15/35 (c) | |
| 1,000 | | |
| 1,127,134 | |
Oregon State Lottery (RB) 5.00%, 04/01/33 | |
| 1,000 | | |
| 1,139,602 | |
Portland Community College District (GO) 5.00%, 06/15/36 (c) | |
| 1,000 | | |
| 1,121,225 | |
| Salem-Keizer School District No. 24J, Series A (GO) (SBG) | |
| | | |
| | |
| 0.00%, 06/15/39 (c) ^ | |
| 10,000 | | |
| 5,695,392 | |
| 0.00%, 06/15/40 (c) ^ | |
| 3,340 | | |
| 1,804,423 | |
| State of Oregon Department of Administrative Services, Oregon State Lottery, Series A (RB) | |
| | | |
| | |
| 5.00%, 04/01/35 | |
| 1,000 | | |
| 1,158,645 | |
| 5.00%, 04/01/36 (c) | |
| 500 | | |
| 574,313 | |
| 5.00%, 04/01/41 (c) | |
| 1,000 | | |
| 1,108,269 | |
| State of Oregon Department of Transportation (RB) | |
| | | |
| | |
| 5.00%, 11/15/41 (c) | |
| 500 | | |
| 557,321 | |
| 5.00%, 11/15/42 (c) | |
| 850 | | |
| 941,528 | |
| 5.00%, 11/15/43 (c) | |
| 700 | | |
| 771,696 | |
| 5.00%, 11/15/44 (c) | |
| 700 | | |
| 763,832 | |
| 5.00%, 11/15/45 (c) | |
| 700 | | |
| 756,294 | |
| State of Oregon, Department of Transportation, Highway User Tax, Series A (RB) | |
| | | |
| | |
| 4.00%, 11/15/38 (c) | |
| 3,000 | | |
| 3,045,088 | |
| 5.00%, 11/15/36 (c) | |
| 1,650 | | |
| 1,761,871 | |
| | |
Par
(000’s | ) | |
Value | |
| Oregon (continued) | |
| | | |
| | |
| 5.00%, 11/15/36 (c) | |
$ | 1,000 | | |
$ | 1,081,301 | |
| State of Oregon, Series A (GO) | |
| | | |
| | |
| 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,119,470 | |
| 5.25%, 05/01/42 (c) | |
| 500 | | |
| 567,770 | |
Tri-County Metropolitan Transportation District of Oregon, Series A (RB) 3.25%, 10/01/34 (c) | |
| 570 | | |
| 557,237 | |
Washington & Multnomah Counties School District No 48J Beaverton (GO) (SBG) 0.00%, 06/15/37 (c) ^ | |
| 1,000 | | |
| 645,790 | |
| | |
| | | |
| 39,450,659 | |
| Pennsylvania: 3.2% | |
| | | |
| | |
| Allegheny County Hospital Development Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 04/01/33 (c) | |
| 1,120 | | |
| 1,158,045 | |
| 5.00%, 07/15/33 (c) | |
| 810 | | |
| 854,447 | |
Allegheny County Sanitary Authority (RB) 5.00%, 12/01/40 (c) | |
| 1,800 | | |
| 2,001,975 | |
| City of Philadelphia, Gas Works (RB) | |
| | | |
| | |
| 5.00%, 10/01/32 (c) | |
| 970 | | |
| 978,946 | |
| 5.00%, 10/01/33 (c) | |
| 680 | | |
| 686,066 | |
City Of Philadelphia, Pennsylvania, Series A (GO) 4.00%, 05/01/41 (c) | |
| 1,350 | | |
| 1,324,405 | |
City of Philadelphia, Series B (GO) 5.00%, 02/01/37 (c) | |
| 1,500 | | |
| 1,576,800 | |
City of Philadelphia, Series C (RB) (AG) 5.00%, 09/01/37 (c) | |
| 2,000 | | |
| 2,254,403 | |
Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB) (AG) 4.00%, 06/01/39 (c) | |
| 5,740 | | |
| 5,646,006 | |
| Commonwealth of Pennsylvania (GO) | |
| | | |
| | |
| 3.00%, 09/15/35 (c) | |
| 1,055 | | |
| 1,017,683 | |
| 5.00%, 09/01/32 | |
| 2,000 | | |
| 2,259,299 | |
| 5.00%, 09/01/37 (c) | |
| 1,000 | | |
| 1,117,363 | |
| 5.00%, 08/15/39 (c) | |
| 2,000 | | |
| 2,228,078 | |
| Geisinger Authority Health System, Series A (RB) | |
| | | |
| | |
| 4.00%, 04/01/39 (c) | |
| 1,000 | | |
| 988,937 | |
| 5.00%, 02/15/39 (c) | |
| 3,100 | | |
| 3,134,450 | |
Pennsylvania Economic Development Financing Authority, UPMC, Series A (RB) 3.38%, 11/15/33 (c) | |
| 1,000 | | |
| 987,387 | |
| Pennsylvania Higher Educational Facilities Authority (RB) | |
| | | |
| | |
| 4.00%, 06/15/34 (c) | |
| 120 | | |
| 126,310 | |
| 4.00%, 06/15/34 (c) | |
| 645 | | |
| 635,023 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania (continued) | |
| | | |
| | |
Pennsylvania Higher Educational Facilities Authority, The University of Pennsylvania, Series A (RB) 5.00%, 02/15/35 | |
$ | 500 | | |
$ | 575,431 | |
Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Series B (RB) 5.25%, 11/01/41 (c) | |
| 1,500 | | |
| 1,638,828 | |
Pennsylvania Higher Educational Facilities Authority, Trustee of University, Series B (RB) 5.00%, 10/01/34 (c) | |
| 2,675 | | |
| 2,679,072 | |
| Pennsylvania Housing Finance Agency, Single Family Mortgage (RB) | |
| | | |
| | |
| 2.28%, 10/01/41 (c) | |
| 500 | | |
| 386,822 | |
| 3.15%, 10/01/39 (c) | |
| 1,000 | | |
| 912,596 | |
| 3.65%, 10/01/32 (c) | |
| 315 | | |
| 315,002 | |
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series A (RB) 4.30%, 10/01/41 (c) | |
| 1,000 | | |
| 1,007,485 | |
| Pennsylvania Housing Finance Agency, Single Family Mortgage, Series B (RB) | |
| | | |
| | |
| 3.20%, 10/01/32 (c) | |
| 300 | | |
| 298,116 | |
| 3.65%, 10/01/42 (c) | |
| 260 | | |
| 245,848 | |
| Pennsylvania Turnpike Commission (RB) | |
| | | |
| | |
| 5.00%, 06/01/33 | |
| 2,000 | | |
| 2,256,144 | |
| 5.00%, 12/01/36 (c) | |
| 2,000 | | |
| 2,258,536 | |
| 5.00%, 12/01/40 (c) | |
| 1,000 | | |
| 1,116,953 | |
| 5.00%, 12/01/45 (c) (p) | |
| 1,000 | | |
| 1,119,615 | |
Pennsylvania Turnpike Commission, Motor License (RB) 4.00%, 12/01/37 (c) | |
| 2,000 | | |
| 2,017,033 | |
| Pennsylvania Turnpike Commission, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/32 (c) | |
| 750 | | |
| 759,511 | |
| 5.00%, 12/01/33 (c) | |
| 1,000 | | |
| 1,126,645 | |
| 5.00%, 12/01/37 (c) | |
| 1,250 | | |
| 1,305,164 | |
| 5.00%, 12/01/37 (c) | |
| 1,000 | | |
| 1,060,275 | |
Pennsylvania Turnpike Commission, Series A-1 (RB) 5.00%, 12/01/37 (c) | |
| 1,025 | | |
| 1,053,313 | |
| Pennsylvania Turnpike Commission, Series B (RB) | |
| | | |
| | |
| 4.00%, 12/01/36 (c) | |
| 1,000 | | |
| 1,025,000 | |
| 4.00%, 12/01/37 (c) | |
| 1,025 | | |
| 1,046,311 | |
| 5.00%, 12/01/34 (c) | |
| 700 | | |
| 765,798 | |
| 5.00%, 12/01/40 (c) | |
| 1,000 | | |
| 1,122,388 | |
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania (continued) | |
| | | |
| | |
Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System (RB) (AG) 5.00%, 07/01/37 (c) | |
$ | 500 | | |
$ | 538,957 | |
| Pittsburgh Water and Sewer Authority, Series B (RB) (AG) | |
| | | |
| | |
| 5.00%, 09/01/31 | |
| 1,460 | | |
| 1,620,854 | |
| 5.00%, 09/01/32 | |
| 2,000 | | |
| 2,246,935 | |
| 5.00%, 09/01/33 | |
| 2,000 | | |
| 2,271,412 | |
| School District of Philadelphia, Series F (GO) (SAW) | |
| | | |
| | |
| 5.00%, 09/01/32 (c) | |
| 485 | | |
| 487,999 | |
| 5.00%, 09/01/37 (c) | |
| 1,000 | | |
| 1,004,480 | |
| 5.00%, 09/01/38 (c) | |
| 1,570 | | |
| 1,576,561 | |
| State Public School Building Authority, School District of Philadelphia Project, Series A (RB) (AG) | |
| | | |
| | |
| 5.00%, 06/01/32 (c) | |
| 1,750 | | |
| 1,769,842 | |
| 5.00%, 06/01/33 (c) | |
| 1,225 | | |
| 1,238,179 | |
Westmoreland County Municipal Authority (RB) (BAM) 5.00%, 08/15/40 (c) | |
| 1,000 | | |
| 1,106,931 | |
| | |
| | | |
| 68,929,659 | |
| Rhode Island: 0.2% | |
| | | |
| | |
Rhode Island Housing and Mortgage Finance Corp., Series A (RB) (AG) 2.10%, 10/01/35 (c) | |
| 1,000 | | |
| 862,289 | |
| State of Rhode Island, Series A (GO) | |
| | | |
| | |
| 4.12%, 08/01/42 (c) | |
| 600 | | |
| 605,704 | |
| 5.00%, 08/01/39 (c) | |
| 2,000 | | |
| 2,182,761 | |
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/40 (c) | |
| 1,000 | | |
| 1,000,190 | |
| | |
| | | |
| 4,650,944 | |
| South Carolina: 0.7% | |
| | | |
| | |
City of Columbia, South Carolina, Series B (RB) 4.00%, 02/01/41 (c) | |
| 2,000 | | |
| 2,000,179 | |
| Lancaster County, School District (GO) | |
| | | |
| | |
| 3.25%, 03/01/32 (c) | |
| 325 | | |
| 323,827 | |
| 4.00%, 03/01/35 (c) | |
| 1,000 | | |
| 1,006,700 | |
South Carolina Jobs, Economic Development Authority Hospital Facilities, Bon Second Mercy Health, Inc., Series B (RB) 5.00%, 11/01/49 (c) (p) | |
| 1,000 | | |
| 1,121,347 | |
| South Carolina Jobs-Economic Development Authority, Novant Health, Inc., Series A (RB) | |
| | | |
| | |
| 5.00%, 11/01/34 (c) | |
| 5,000 | | |
| 5,612,066 | |
| 5.25%, 11/01/40 (c) | |
| 1,000 | | |
| 1,107,266 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| South Carolina (continued) | |
| | | |
| | |
| South Carolina Public Service Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/37 (c) | |
$ | 1,010 | | |
$ | 1,011,279 | |
| 5.00%, 12/01/37 (c) | |
| 490 | | |
| 490,915 | |
South Carolina Transportation Infrastructure Bank, Series A (RB) 5.00%, 10/01/37 (c) | |
| 1,000 | | |
| 1,025,386 | |
Town of Mount Pleasant, South Carolina Water and Sewer System, Series A (RB) 4.00%, 06/01/39 (c) | |
| 1,000 | | |
| 1,003,836 | |
| | |
| | | |
| 14,702,801 | |
| South Dakota: 0.2% | |
| | | |
| | |
South Dakota Health and Educational Facilities Authority, Series C-2 (RB) 5.00%, 11/01/51 (c) (p) | |
| 2,000 | | |
| 2,182,982 | |
South Dakota Housing Development Authority (RB) 4.20%, 11/01/41 (c) | |
| 1,000 | | |
| 1,007,550 | |
| | |
| | | |
| 3,190,532 | |
| Tennessee: 1.0% | |
| | | |
| | |
County of Shelby, Public Improvement, Series B (GO) 4.00%, 04/01/40 (c) | |
| 1,000 | | |
| 1,008,584 | |
| Metropolitan Government of Nashville and Davidson County, Vanderbilt University Medical Center, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/33 | |
| 1,240 | | |
| 1,384,669 | |
| 5.00%, 07/01/34 | |
| 2,000 | | |
| 2,249,960 | |
Metropolitan Nashville Airport Authority (RB) 5.00%, 07/01/40 (c) | |
| 500 | | |
| 558,803 | |
| Metropolitan Nashville Airport Authority/The (RB) | |
| | | |
| | |
| 5.00%, 07/01/41 (c) | |
| 500 | | |
| 557,082 | |
| 5.00%, 07/01/42 (c) | |
| 500 | | |
| 553,138 | |
| 5.00%, 07/01/43 (c) | |
| 750 | | |
| 823,812 | |
New Memphis Arena Public Building Authority, Memphis and Shelby County, Tennessee (RB) 0.00%, 04/01/33 (c) ^ | |
| 2,550 | | |
| 1,886,111 | |
| Shelby County, Public Improvement, Series B (GO) | |
| | | |
| | |
| 4.00%, 04/01/33 (c) | |
| 3,000 | | |
| 3,110,245 | |
| 4.00%, 04/01/34 (c) | |
| 1,000 | | |
| 1,032,422 | |
| 4.00%, 04/01/35 (c) | |
| 1,000 | | |
| 1,027,644 | |
State of Tennessee, Series A (GO) 5.00%, 05/01/35 (c) | |
| 1,000 | | |
| 1,132,881 | |
Tennessee Energy Acquisition Corp., Commodity Project, Series A (RB) 5.00%, 05/01/52 (c) (p) | |
| 2,000 | | |
| 2,121,244 | |
| | |
Par
(000’s | ) | |
Value | |
| Tennessee (continued) | |
| | | |
| | |
Tennessee Energy Acquisition Corp., Series A (RB) 5.00%, 12/01/35 (c) | |
$ | 2,000 | | |
$ | 2,119,768 | |
Tennessee State School Bond Authority, Higher Education Facilities, Series A (RB) 5.00%, 11/01/42 (c) | |
| 1,040 | | |
| 1,065,070 | |
The Health and Educational Facilities Board of the Town of Greenville Tennessee, Ballad Health, Series A (RB) 4.00%, 07/01/40 (c) | |
| 1,155 | | |
| 1,115,137 | |
| | |
| | | |
| 21,746,570 | |
| Texas: 10.2% | |
| | | |
| | |
| Aldine Independent School District, Series A (GO) | |
| | | |
| | |
| 4.00%, 02/15/33 (c) | |
| 910 | | |
| 916,791 | |
| 4.00%, 02/15/34 (c) | |
| 675 | | |
| 679,587 | |
Arlington, Texas Independent School District (GO) 4.00%, 02/15/34 (c) | |
| 1,000 | | |
| 1,022,048 | |
| Austin, Texas Independent School District (GO) | |
| | | |
| | |
| 5.00%, 08/01/36 (c) | |
| 1,500 | | |
| 1,668,343 | |
| 5.00%, 08/01/37 (c) | |
| 1,000 | | |
| 1,119,496 | |
Bexar County, Texas Hospital District Ltd. (GO) 4.00%, 02/15/35 (c) | |
| 1,000 | | |
| 1,006,085 | |
| Board of Regents of the University of Texas System (RB) | |
| | | |
| | |
| 5.00%, 08/15/38 | |
| 2,000 | | |
| 2,342,917 | |
| 5.00%, 08/15/42 (c) | |
| 3,000 | | |
| 3,354,833 | |
| Board Of Regents Of The University Of Texas System Revenue Financing System, Series A (RB) | |
| | | |
| | |
| 4.00%, 08/15/44 (c) | |
| 1,000 | | |
| 984,174 | |
| 5.00%, 08/15/43 (c) | |
| 2,500 | | |
| 2,774,794 | |
Board of Regents of the University of Texas System, Series A (RB) 3.00%, 08/15/41 (c) | |
| 525 | | |
| 457,615 | |
| Board of Regents of the University of Texas System, Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/36 | |
| 2,250 | | |
| 2,617,327 | |
| 5.00%, 08/15/41 (c) | |
| 1,000 | | |
| 1,105,705 | |
Cedar Hill Independent School District (GO) 5.00%, 02/15/41 (c) | |
| 1,000 | | |
| 1,086,933 | |
City Of Austin, Texas (GO) 5.00%, 09/01/42 (c) | |
| 1,000 | | |
| 1,111,851 | |
City of Austin, Texas Electric Utility System (RB) 5.00%, 11/15/35 (c) | |
| 2,000 | | |
| 2,243,218 | |
City of Dallas, Series A (GO) 3.00%, 02/15/36 (c) | |
| 600 | | |
| 553,463 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
City Of Dallas, Texas (GO) 4.00%, 02/15/42 (c) | |
$ | 2,000 | | |
$ | 1,976,124 | |
City of Dallas, Waterworks and Sewer System, Series C (RB) 5.00%, 10/01/33 (c) | |
| 1,500 | | |
| 1,625,316 | |
City of Denton, Utility System (RB) 5.00%, 12/01/31 (c) | |
| 965 | | |
| 977,308 | |
City of Houston, Airport System, Series D (RB) 5.00%, 07/01/36 (c) | |
| 1,000 | | |
| 1,039,823 | |
| City of Houston, Combined Utility System, First Lien, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/33 (c) | |
| 4,500 | | |
| 4,891,741 | |
| 5.00%, 11/15/36 (c) | |
| 1,000 | | |
| 1,125,993 | |
| City of Houston, Combined Utility System, First Lien, Series C (RB) | |
| | | |
| | |
| 4.00%, 11/15/36 (c) | |
| 1,500 | | |
| 1,528,264 | |
City of Houston, Combined Utility System, First Lien, Series D (RB) 5.00%, 11/15/33 (c) | |
| 1,000 | | |
| 1,050,105 | |
City of Houston, Public Improvement, Series A (GO) 5.00%, 03/01/32 (c) | |
| 1,000 | | |
| 1,057,543 | |
| City of Houston, Series A (GO) | |
| | | |
| | |
| 5.00%, 03/01/32 (c) | |
| 520 | | |
| 529,039 | |
| 5.00%, 03/01/40 (c) | |
| 1,000 | | |
| 1,094,458 | |
City of Houston, Texas Public Improvement, Series A (GO) 5.00%, 03/01/34 (c) | |
| 1,000 | | |
| 1,121,385 | |
| City of Houston, Texas, Convention & Entertainment Facilities Department, Series C (RB) (AG) | |
| | | |
| | |
| 5.00%, 09/01/43 (c) | |
| 1,000 | | |
| 1,095,830 | |
| 5.00%, 09/01/46 (c) | |
| 1,000 | | |
| 1,062,995 | |
City of San Antonio TX Electric & Gas Systems Revenue (RB) 5.00%, 02/01/40 (c) | |
| 2,000 | | |
| 2,237,279 | |
City of San Antonio, Bexar County, Series B (RB) 5.00%, 05/15/35 (c) | |
| 1,000 | | |
| 1,141,926 | |
City of San Antonio, Electric and Gas Systems (RB) 5.00%, 02/01/33 (c) | |
| 1,000 | | |
| 1,108,432 | |
City of San Antonio, Series A (RB) 5.00%, 05/15/37 (c) | |
| 1,000 | | |
| 1,132,946 | |
City Of San Antonio, Texas Electric And Gas Systems Revenue, Series A (RB) 5.00%, 02/01/41 (c) | |
| 1,000 | | |
| 1,108,415 | |
Clear Creek Independent School District, Unlimited Tax (GO) 5.00%, 02/15/38 (c) | |
| 2,000 | | |
| 2,231,694 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Clifton Higher Education Finance Corp., International Leadership of Texas, Inc., Series A (RB) 5.00%, 02/15/36 (c) | |
$ | 750 | | |
$ | 827,994 | |
| Conroe Independent School District (GO) | |
| | | |
| | |
| 5.00%, 02/15/42 (c) | |
| 1,000 | | |
| 1,100,341 | |
| 5.00%, 02/15/43 (c) | |
| 1,000 | | |
| 1,093,107 | |
| 5.00%, 02/15/44 (c) | |
| 1,000 | | |
| 1,084,590 | |
| 5.00%, 02/15/45 (c) | |
| 600 | | |
| 644,790 | |
| 5.00%, 02/15/46 (c) | |
| 1,275 | | |
| 1,357,556 | |
Corpus Christi Independent School District (GO) 4.00%, 08/15/32 (c) | |
| 320 | | |
| 327,066 | |
County of Bexar, Alamo Community College District (GO) 4.00%, 08/15/32 (c) | |
| 1,000 | | |
| 1,038,135 | |
County of Collin, Community College District (GO) 3.25%, 08/15/33 (c) | |
| 500 | | |
| 500,059 | |
County of Dallas, Cedar Hill Independent School District (GO) 5.00%, 02/15/40 (c) | |
| 1,000 | | |
| 1,093,374 | |
County of Dallas, Garland Independent School District, Series A (GO) 5.00%, 02/15/37 (c) | |
| 500 | | |
| 552,333 | |
County of Dallas, Highland Park Independent School District (GO) 3.00%, 02/15/35 (c) | |
| 1,540 | | |
| 1,466,954 | |
County of Fort Bend TX Toll Road Revenue (RB) (AG) 5.00%, 03/01/41 (c) | |
| 500 | | |
| 546,942 | |
County of Harris, Houston Independent School District, Series A (GO) 4.00%, 02/15/39 (c) | |
| 1,000 | | |
| 1,000,200 | |
County of Harris, Toll Road, Senior Lien, Series A (RB) 5.00%, 08/15/33 (c) | |
| 675 | | |
| 678,786 | |
Cypress-Fairbanks Independent School District (GO) 4.00%, 02/15/38 (c) | |
| 1,275 | | |
| 1,292,028 | |
Cypress-Fairbanks Independent School District, A Political Subdivision Of The State Of Texas Located In Harris County, Texas (GO) 5.00%, 02/15/40 | |
| 1,000 | | |
| 1,161,375 | |
| Cypress-Fairbanks Independent School District, Series A (GO) | |
| | | |
| | |
| 2.25%, 02/15/43 (c) | |
| 600 | | |
| 438,380 | |
| 3.00%, 02/15/34 (c) | |
| 500 | | |
| 486,479 | |
| 3.00%, 02/15/35 (c) | |
| 2,335 | | |
| 2,257,078 | |
| 4.00%, 02/15/37 (c) | |
| 1,500 | | |
| 1,533,029 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Dallas Area Rapid Transit, Senior Lien (RB) 5.00%, 12/01/33 (c) | |
$ | 1,835 | | |
$ | 1,965,191 | |
| Dallas Independent School District, Unlimited Tax School Building (GO) | |
| | | |
| | |
| 5.00%, 02/15/35 (c) | |
| 1,000 | | |
| 1,108,245 | |
| 5.00%, 02/15/36 (c) | |
| 1,000 | | |
| 1,102,245 | |
| 5.00%, 02/15/40 (c) | |
| 1,500 | | |
| 1,624,007 | |
EP Tuscany Zaragosa PFC Residential Development, Tuscany at Mega Hills and Villas (RB) 4.00%, 12/01/33 (c) | |
| 1,000 | | |
| 1,000,820 | |
| Frisco Independent School District (GO) | |
| | | |
| | |
| 4.00%, 02/15/36 (c) | |
| 1,345 | | |
| 1,379,044 | |
| 5.00%, 08/15/36 (c) | |
| 1,000 | | |
| 1,048,846 | |
FW Chaparral PFC, Texas Residential Development (RB) 4.00%, 10/01/35 (c) | |
| 500 | | |
| 492,454 | |
| Harris County Hospital District (GO) | |
| | | |
| | |
| 5.00%, 02/15/33 | |
| 1,000 | | |
| 1,112,285 | |
| 5.00%, 02/15/34 | |
| 1,000 | | |
| 1,121,204 | |
| 5.00%, 02/15/35 | |
| 1,000 | | |
| 1,127,629 | |
Harris County, Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series B (RB) 5.00%, 07/01/36 (c) | |
| 3,000 | | |
| 3,347,834 | |
Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 3.00%, 10/01/40 (c) | |
| 1,145 | | |
| 986,477 | |
Harris County, Flood Control District Improvement, Series A (GO) 4.00%, 10/01/35 (c) | |
| 1,000 | | |
| 1,028,478 | |
Harris County, Hospital District (RB) 4.00%, 02/15/42 (c) | |
| 560 | | |
| 548,015 | |
Harris County, Texas Permanent Improvement (GO) 5.00%, 09/15/41 (c) | |
| 1,000 | | |
| 1,102,030 | |
Hays Consolidated Independent School District (GO) 5.00%, 02/15/40 (c) | |
| 1,000 | | |
| 1,075,598 | |
Katy Independent School District, Fort Bend, Harris and Waller Counties (GO) 5.00%, 02/15/38 (c) | |
| 2,510 | | |
| 2,545,540 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Lamar Consolidated Independent School District, Fort Bend County, Texas, Series A (GO) 5.00%, 02/15/41 (c) | |
$ | 2,000 | | |
$ | 2,156,702 | |
Leander Independent School District, Series A (GO) 0.00%, 08/16/42 (c) ^ | |
| 900 | | |
| 439,891 | |
Lewisville Independent School District, Denton and Tarrant Counties (GO) 5.00%, 08/15/37 (c) | |
| 1,910 | | |
| 2,123,400 | |
Lone Star College System (GO) 4.00%, 02/15/32 (c) | |
| 1,500 | | |
| 1,501,062 | |
Lower Colorado River Authority (RB) (AG) 5.00%, 05/15/32 (c) | |
| 1,000 | | |
| 1,098,087 | |
Lower Colorado River Authority Transmission Contract, Series A (RB) 5.00%, 05/15/36 (c) | |
| 1,000 | | |
| 1,136,026 | |
| Lower Colorado River Authority, LCRA Transmission Services Corp. Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/37 (c) | |
| 1,000 | | |
| 1,127,943 | |
| 5.25%, 05/15/42 (c) | |
| 1,655 | | |
| 1,852,253 | |
Lower Colorado River Authority, LCRA Transmission Services Corp. Project, Series A (RB) (AG) 5.00%, 05/15/36 (c) | |
| 1,000 | | |
| 1,109,244 | |
Midland County Texas, Midland Independent School District (GO) 4.00%, 02/15/39 (c) | |
| 2,555 | | |
| 2,603,598 | |
| New Hope Cultural Education Facilities Finance Corp. Hospital, Children’s Healthcare, Series A (RB) | |
| | | |
| | |
| 4.00%, 08/15/36 (c) | |
| 1,005 | | |
| 1,005,996 | |
| 4.00%, 08/15/40 (c) | |
| 555 | | |
| 542,038 | |
| North East Texas Regional Mobility Authority (RB) | |
| | | |
| | |
| 5.00%, 01/01/40 (c) | |
| 1,100 | | |
| 1,186,184 | |
| 5.00%, 01/01/42 (c) | |
| 600 | | |
| 639,351 | |
North Texas Municipal Water District, Water System (RB) 5.00%, 09/01/35 (c) | |
| 715 | | |
| 718,632 | |
North Texas Tollway Authority (RB) 5.00%, 01/01/39 (c) | |
| 2,000 | | |
| 2,224,347 | |
| North Texas Tollway Authority System, Series B (RB) | |
| | | |
| | |
| 4.00%, 01/01/33 (c) | |
| 1,975 | | |
| 2,040,929 | |
| 4.00%, 01/01/36 (c) | |
| 2,000 | | |
| 2,041,323 | |
| 4.00%, 01/01/38 (c) | |
| 2,250 | | |
| 2,274,898 | |
| 5.00%, 01/01/34 | |
| 3,000 | | |
| 3,389,041 | |
| 5.00%, 01/01/39 (c) | |
| 1,000 | | |
| 1,010,092 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
| North Texas Tollway Authority, First Tier, Series A (RB) | |
| | | |
| | |
| 4.12%, 01/01/40 (c) | |
$ | 2,000 | | |
$ | 2,009,770 | |
| 5.00%, 01/01/41 (c) | |
| 1,500 | | |
| 1,639,313 | |
North Texas Tollway Authority, Second Tier, Series B (RB) (AG) 4.00%, 01/01/35 (c) | |
| 450 | | |
| 452,247 | |
Northside Independent School District, Unlimited Tax (GO) 5.00%, 08/15/32 (c) | |
| 880 | | |
| 903,950 | |
Permanent University Fund, University of Texas System, Series A (RB) 5.00%, 07/01/33 (c) | |
| 1,180 | | |
| 1,319,883 | |
| Pflugerville Independent School District, Unlimited Tax, Series A (GO) | |
| | | |
| | |
| 5.00%, 02/15/34 (c) | |
| 1,875 | | |
| 2,073,155 | |
| 5.00%, 02/15/37 (c) | |
| 1,000 | | |
| 1,090,325 | |
| Plano Independent School District, Unlimited Tax (GO) | |
| | | |
| | |
| 5.00%, 02/15/35 (c) | |
| 1,000 | | |
| 1,108,752 | |
| 5.00%, 02/15/36 (c) | |
| 1,000 | | |
| 1,103,115 | |
Port of Houston Authority of Harris County, Series A-2 (GO) 5.00%, 10/01/34 (c) | |
| 1,000 | | |
| 1,079,548 | |
| State of Texas (GO) | |
| | | |
| | |
| 5.00%, 10/01/35 | |
| 1,750 | | |
| 2,028,843 | |
| 5.00%, 10/01/40 (c) | |
| 3,295 | | |
| 3,699,080 | |
| 5.00%, 10/01/41 (c) | |
| 2,000 | | |
| 2,236,959 | |
State of Texas, Conroe Independent School Disrict (GO) 5.00%, 02/15/38 (c) | |
| 1,000 | | |
| 1,118,032 | |
State of Texas, Tarrant County College District (GO) 5.00%, 08/15/40 (c) | |
| 2,020 | | |
| 2,178,837 | |
State of Texas, Tarrant County, Hurst-Euless-Bedford Independent School District (GO) 4.00%, 08/15/40 (c) | |
| 1,000 | | |
| 1,016,282 | |
Texas Department of Housing & Community Affairs, Series A (RB) 3.80%, 07/01/39 (c) | |
| 1,670 | | |
| 1,645,832 | |
Texas Municipal Gas Acquisition & Supply Corp. III (RB) 5.00%, 12/15/31 | |
| 1,475 | | |
| 1,573,517 | |
Texas Municipal Gas Acquisition & Supply Corp. IV, Series B (RB) 5.50%, 01/01/54 (c) (p) | |
| 3,000 | | |
| 3,280,162 | |
Texas Municipal Gas Acquisition and Supply Corp. III (RB) 5.00%, 12/15/32 | |
| 1,000 | | |
| 1,072,892 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
| Texas Municipal Gas Acquisition and Supply Corp. V (RB) | |
| | | |
| | |
| 5.00%, 04/01/36 (c) | |
$ | 1,500 | | |
$ | 1,564,210 | |
| 5.00%, 01/01/55 (c) (p) | |
| 2,000 | | |
| 2,133,780 | |
Texas Municipal Gas Acquisition and Supply Corp. VI (RB) 5.00%, 01/01/36 (c) | |
| 1,000 | | |
| 1,056,715 | |
Texas Municipal Power Agency (RB) (AG) 3.00%, 09/01/38 (c) | |
| 1,000 | | |
| 887,988 | |
Texas Private Activity Bond Surface Transportation Corp., Managed Lanes Project, Series A (RB) 4.00%, 06/30/39 (c) | |
| 1,700 | | |
| 1,657,554 | |
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC Project, Series A (RB) 4.00%, 12/31/37 (c) | |
| 1,000 | | |
| 990,577 | |
Texas Private Activity Bond Surface Transportation Corporation, Series A (RB) 4.00%, 12/31/39 (c) | |
| 2,000 | | |
| 1,947,663 | |
Texas State, Series E (GO) 5.00%, 08/01/42 (c) | |
| 2,000 | | |
| 2,218,076 | |
Texas Transportation Commission, Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/41 (c) | |
| 2,255 | | |
| 2,445,394 | |
Texas Transportation Commission, Highway Improvement, Series A (GO) 5.00%, 04/01/38 (c) | |
| 1,000 | | |
| 1,000,990 | |
Texas Transportation Commission, State of Texas Highway Improvement (GO) 5.00%, 04/01/40 (c) | |
| 2,500 | | |
| 2,749,943 | |
| Texas Water Development Board (RB) | |
| | | |
| | |
| 3.00%, 10/15/34 (c) | |
| 500 | | |
| 483,436 | |
| 3.00%, 10/15/35 (c) | |
| 750 | | |
| 723,588 | |
| 3.00%, 10/15/36 (c) | |
| 950 | | |
| 903,062 | |
| 4.00%, 10/15/35 (c) | |
| 2,000 | | |
| 2,002,584 | |
| 5.00%, 10/15/36 (c) | |
| 1,000 | | |
| 1,136,409 | |
| 5.00%, 10/15/39 (c) | |
| 1,000 | | |
| 1,117,533 | |
| 5.00%, 10/15/40 (c) | |
| 2,000 | | |
| 2,245,571 | |
| 5.00%, 10/15/42 (c) | |
| 2,000 | | |
| 2,217,154 | |
Texas Water Development Board State Water Implementation Revenue Fund For Texas, Series A (RB) 4.00%, 10/15/40 (c) | |
| 1,725 | | |
| 1,725,124 | |
Texas Water Development Board, Series A (RB) 3.00%, 10/15/35 (c) | |
| 2,650 | | |
| 2,556,677 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
| 4.00%, 10/15/33 (c) | |
$ | 400 | | |
$ | 404,460 | |
| 4.00%, 10/15/33 (c) | |
| 600 | | |
| 609,605 | |
| 4.00%, 10/15/34 (c) | |
| 1,000 | | |
| 1,000,264 | |
| 4.00%, 10/15/34 (c) | |
| 1,000 | | |
| 1,009,558 | |
| 4.60%, 10/15/39 (c) | |
| 1,000 | | |
| 1,068,952 | |
| 4.65%, 10/15/40 (c) | |
| 2,000 | | |
| 2,134,094 | |
| Texas Water Development Board, Series B (RB) | |
| | | |
| | |
| 4.00%, 10/15/34 (c) | |
| 1,000 | | |
| 1,017,292 | |
| 4.00%, 10/15/37 (c) | |
| 3,000 | | |
| 3,032,495 | |
| 5.00%, 10/15/32 (c) | |
| 1,500 | | |
| 1,577,627 | |
Texas Water Development Board, Series D (RB) 3.00%, 10/15/37 (c) | |
| 500 | | |
| 466,868 | |
| Tomball Independent School District, Unlimited Tax (GO) | |
| | | |
| | |
| 5.00%, 02/15/37 (c) | |
| 1,100 | | |
| 1,212,311 | |
| 5.00%, 02/15/38 (c) | |
| 1,000 | | |
| 1,096,830 | |
| 5.00%, 02/15/42 (c) | |
| 1,000 | | |
| 1,073,997 | |
| Travis County, Texas Permanent Improvement (GO) | |
| | | |
| | |
| 4.00%, 03/01/41 (c) | |
| 1,000 | | |
| 1,005,617 | |
| 5.00%, 03/01/40 (c) | |
| 1,000 | | |
| 1,106,682 | |
University of Houston, Board of Regents, Series A (RB) 5.00%, 02/15/35 (c) | |
| 1,500 | | |
| 1,659,850 | |
| University of Texas, Board of Regents, Series A (RB) | |
| | | |
| | |
| 5.00%, 08/15/34 (c) | |
| 2,000 | | |
| 2,235,027 | |
| 5.00%, 07/01/40 (c) | |
| 1,000 | | |
| 1,097,536 | |
University of Texas, Board of Regents, Series B (RB) 5.00%, 07/01/37 (c) | |
| 1,990 | | |
| 2,235,944 | |
| | |
| | | |
| 222,038,902 | |
| Utah: 0.6% | |
| | | |
| | |
Central Utah Water Conservancy District, Series B (RB) 4.00%, 10/01/34 (c) | |
| 395 | | |
| 397,706 | |
Downtown Revitalization Public Infrastructure District (RB) (AG) 5.00%, 06/01/34 | |
| 1,000 | | |
| 1,132,805 | |
Intermountain Power Agency, Utah Power Supply, Series A (RB) 4.00%, 07/01/36 (c) | |
| 1,000 | | |
| 1,026,711 | |
University of Utah, Series B (RB) 5.00%, 08/01/38 (c) | |
| 2,220 | | |
| 2,429,309 | |
Utah Telecommunication Open Infrastructure Agency (RB) 5.25%, 06/01/37 (c) | |
| 2,770 | | |
| 3,058,384 | |
| Utah Transit Authority (RB) | |
| | | |
| | |
| 5.00%, 06/15/40 (c) | |
| 2,000 | | |
| 2,233,212 | |
| 5.00%, 06/15/41 (c) | |
| 1,000 | | |
| 1,110,230 | |
| | |
Par
(000’s | ) | |
Value | |
| Utah (continued) | |
| | | |
| | |
Utah Transit Authority (RB) (BAM) 4.00%, 12/15/41 (c) | |
$ | 1,650 | | |
$ | 1,650,740 | |
| | |
| | | |
| 13,039,097 | |
| Virginia: 1.4% | |
| | | |
| | |
Arlington County, Viginia Public Improvement (GO) 5.00%, 06/15/34 (c) | |
| 2,000 | | |
| 2,242,019 | |
City of Richmond, Virginia, Series A (GO) 4.00%, 01/15/44 (c) | |
| 1,000 | | |
| 1,004,646 | |
County of Fairfax, Public Improvement, Series A (GO) 2.00%, 10/01/34 (c) | |
| 375 | | |
| 322,304 | |
| County of Fairfax, Public Improvement, Series A (GO) (SAW) | |
| | | |
| | |
| 4.00%, 10/01/36 (c) | |
| 1,000 | | |
| 1,041,449 | |
| 5.00%, 10/01/32 (c) | |
| 1,755 | | |
| 1,865,884 | |
County of Loudoun, Economic Development Authority, Public Facility, Series A (RB) 3.00%, 12/01/36 (c) | |
| 1,500 | | |
| 1,401,697 | |
Economic Development Authority of Henrico County, Bon Secours Mercy Health, Inc., Series A (RB) 5.00%, 11/01/35 | |
| 3,000 | | |
| 3,410,576 | |
Hampton Roads Transportation Accountability Commission, Series A (RB) 4.00%, 07/01/40 (c) | |
| 665 | | |
| 670,827 | |
| Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series A (RB) | |
| | | |
| | |
| 3.00%, 02/01/36 (c) | |
| 2,750 | | |
| 2,628,962 | |
| 4.00%, 02/01/36 (c) | |
| 1,500 | | |
| 1,523,212 | |
| 4.00%, 02/01/38 (c) | |
| 2,095 | | |
| 2,112,784 | |
| 5.00%, 02/01/35 (c) | |
| 1,950 | | |
| 2,088,172 | |
Virginia College Building Authority, Bidding Group 2, Series A (RB) 4.00%, 02/01/41 (c) | |
| 1,000 | | |
| 1,007,064 | |
Virginia College Building Authority, Educational Facilities, 21st Century College & Equipment Programs, Series A (RB) 3.00%, 02/01/38 (c) | |
| 1,000 | | |
| 933,595 | |
| Virginia Commonwealth Transportation Board, Series A (RB) | |
| | | |
| | |
| 4.00%, 05/15/36 (c) | |
| 1,000 | | |
| 1,007,948 | |
| 5.00%, 05/15/32 (c) | |
| 800 | | |
| 827,635 | |
Virginia Public Building Authority, Series A (RB) 3.00%, 08/01/32 (c) | |
| 695 | | |
| 691,318 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Virginia (continued) | |
| | | |
| | |
| 3.12%, 08/01/34 (c) | |
$ | 1,050 | | |
$ | 1,039,779 | |
| 5.00%, 08/01/33 (c) | |
| 1,000 | | |
| 1,087,708 | |
| Virginia Public Building Authority, Series A-2 (RB) | |
| | | |
| | |
| 4.00%, 08/01/35 (c) | |
| 1,000 | | |
| 1,034,687 | |
| 4.00%, 08/01/37 (c) | |
| 1,000 | | |
| 1,025,519 | |
Virginia State Public Facilities, Series A (RB) 4.00%, 08/01/41 (c) | |
| 2,000 | | |
| 2,022,894 | |
| | |
| | | |
| 30,990,679 | |
| Washington: 3.2% | |
| | | |
| | |
Central Puget Sound Regional Transit Authority, Sales Tax and Motor Vehicle Excise Tax, Series S (RB) 5.00%, 11/01/41 (c) | |
| 1,000 | | |
| 1,007,174 | |
| City of Seattle WA Municipal Light & Power Revenue (RB) | |
| | | |
| | |
| 5.00%, 02/01/35 | |
| 1,250 | | |
| 1,439,299 | |
| 5.00%, 02/01/36 (c) | |
| 1,000 | | |
| 1,150,509 | |
| City of Seattle, Municipal Light and Power Improvement, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/36 (c) | |
| 1,000 | | |
| 1,029,100 | |
| 4.00%, 07/01/37 (c) | |
| 1,000 | | |
| 1,018,908 | |
City of Seattle, Washington Municipal Light and Power (RB) 5.00%, 02/01/43 (c) | |
| 1,000 | | |
| 1,098,956 | |
| Energy Northwest, Colombia Generating Station Electric, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/01/32 (c) | |
| 695 | | |
| 727,592 | |
| 5.00%, 07/01/33 (c) | |
| 1,930 | | |
| 2,092,107 | |
| 5.00%, 07/01/33 (c) | |
| 400 | | |
| 409,685 | |
| 5.00%, 07/01/35 (c) | |
| 2,000 | | |
| 2,253,678 | |
| 5.00%, 07/01/36 (c) | |
| 1,000 | | |
| 1,120,276 | |
| Energy Northwest, Colombia Generating Station Electric, Series A (RB) (AG) | |
| | | |
| | |
| 5.00%, 07/01/36 (c) | |
| 1,000 | | |
| 1,056,108 | |
| 5.00%, 07/01/36 (c) | |
| 2,605 | | |
| 2,789,187 | |
| 5.00%, 07/01/38 (c) | |
| 500 | | |
| 525,456 | |
Energy Northwest, Colombia Generating Station Electric, Series C (RB) 5.00%, 07/01/34 (c) | |
| 1,000 | | |
| 1,043,218 | |
Energy Northwest, Columbia Generating Station Electric, Series A (RB) 4.00%, 07/01/42 (c) | |
| 1,000 | | |
| 1,007,629 | |
Everett Housing Authority, Hunting Park Apartments Project (RB) 4.00%, 07/01/37 (c) | |
| 3,345 | | |
| 3,264,364 | |
Franklin County, Pasco School District No. 1 (GO) (SBG) 5.00%, 12/01/38 (c) | |
| 1,000 | | |
| 1,098,303 | |
| | |
Par
(000’s | ) | |
Value | |
| Washington (continued) | |
| | | |
| | |
King County, School District No. 210 Federal Way (GO) (SBG) 4.00%, 12/01/33 (c) | |
$ | 880 | | |
$ | 892,453 | |
King County, School District No. 401 Highline (GO) (SBG) 3.12%, 12/01/32 (c) | |
| 690 | | |
| 673,640 | |
King County, School District No. 411 Issaquah (GO) (SBG) 4.00%, 12/01/31 (c) | |
| 635 | | |
| 635,526 | |
| Kitsap County, School District No. 401 Central Kitsap (GO) (SBG) | |
| | | |
| | |
| 4.00%, 12/01/32 (c) | |
| 1,425 | | |
| 1,425,997 | |
| 4.00%, 12/01/33 (c) | |
| 1,250 | | |
| 1,250,774 | |
| 4.00%, 12/01/34 (c) | |
| 1,000 | | |
| 1,000,502 | |
Pierce County, School District No. 403 Bethel (GO) (SBG) 5.00%, 12/01/32 (c) | |
| 500 | | |
| 533,132 | |
Pierce County, Washington School District No. 320, Pierce County (GO) (SBG) 5.00%, 12/01/36 (c) | |
| 1,000 | | |
| 1,143,356 | |
Renton School District No. 43, Kings County, Washington (GO) (SBG) 5.00%, 12/01/37 (c) | |
| 1,615 | | |
| 1,779,122 | |
State of Washington, Series A (GO) 5.00%, 08/01/33 (c) | |
| 755 | | |
| 759,077 | |
State of Washington, Series C (GO) 5.00%, 08/01/32 (c) | |
| 880 | | |
| 904,143 | |
| State of Washington, Various Purpose, Series A (GO) | |
| | | |
| | |
| 5.00%, 08/01/34 (c) | |
| 500 | | |
| 512,732 | |
| 5.00%, 08/01/42 (c) | |
| 1,000 | | |
| 1,043,586 | |
| State of Washington, Various Purpose, Series C (GO) | |
| | | |
| | |
| 5.00%, 02/01/35 (c) | |
| 2,175 | | |
| 2,370,444 | |
| 5.00%, 02/01/40 (c) | |
| 2,165 | | |
| 2,223,930 | |
State of Washington, Various Purpose, Series D (GO) 5.00%, 02/01/40 (c) | |
| 735 | | |
| 743,598 | |
State of Washington, Various Purpose, Series R-C (GO) 5.00%, 08/01/34 (c) | |
| 880 | | |
| 902,391 | |
University of Washington, Series A (RB) 5.00%, 04/01/37 (c) | |
| 1,000 | | |
| 1,136,945 | |
University of Washington, Series C (RB) 3.12%, 07/01/42 (c) | |
| 1,925 | | |
| 1,652,105 | |
| Washington Health Care Facilities Authority, Multicare Health System, Series B (RB) | |
| | | |
| | |
| 5.00%, 08/15/36 (c) | |
| 1,815 | | |
| 1,856,177 | |
| 5.00%, 08/15/37 (c) | |
| 2,000 | | |
| 2,042,006 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Washington (continued) | |
| | | |
| | |
Washington Health Care Facilities Authority, Providence St. Joseph Health, Series A (RB) 4.00%, 10/01/34 (c) | |
$ | 1,820 | | |
$ | 1,820,457 | |
Washington Health Care Facilities Authority, Providence St. Joseph Health, Series D (RB) 5.00%, 10/01/38 (c) | |
| 2,270 | | |
| 2,272,020 | |
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 5.00%, 08/15/37 (c) | |
| 1,500 | | |
| 1,523,454 | |
Washington State Housing Finance Commission (RB) 3.50%, 12/20/35 | |
| 1,578 | | |
| 1,523,302 | |
Washington State, Motor Vehicle Fuel Tax, Series A (GO) 5.00%, 06/01/36 (c) | |
| 1,050 | | |
| 1,126,504 | |
Washington State, Motor Vehicle Fuel Tax, Series F (GO) 5.00%, 06/01/39 (c) | |
| 2,000 | | |
| 2,152,617 | |
Washington State, Shoreline School District No. 412 (GO) (SBG) 4.00%, 12/01/36 (c) | |
| 1,000 | | |
| 1,011,912 | |
| Washington State, Various Purpose, Series A (GO) | |
| | | |
| | |
| 5.00%, 08/01/37 (c) | |
| 1,250 | | |
| 1,358,622 | |
| 5.00%, 08/01/38 (c) | |
| 1,000 | | |
| 1,068,017 | |
| 5.00%, 08/01/38 (c) | |
| 2,000 | | |
| 2,216,331 | |
| Washington State, Various Purpose, Series C (GO) | |
| | | |
| | |
| 5.00%, 02/01/35 (c) | |
| 1,000 | | |
| 1,034,637 | |
| 5.00%, 02/01/36 (c) | |
| 1,000 | | |
| 1,068,404 | |
| 5.00%, 02/01/38 (c) | |
| 1,145 | | |
| 1,179,120 | |
| 5.00%, 02/01/39 (c) | |
| 1,080 | | |
| 1,127,318 | |
| | |
| | | |
| 70,095,900 | |
| West Virginia: 0.1% | |
| | | |
| | |
| State of West Virginia, Series A (GO) | |
| | | |
| | |
| 5.00%, 12/01/31 (c) | |
| 1,000 | | |
| 1,068,302 | |
| 5.00%, 06/01/36 (c) | |
| 500 | | |
| 527,470 | |
West Virginia, Parkways Authority, Senior Lien Turnpike Toll (RB) 5.00%, 06/01/36 (c) | |
| 1,320 | | |
| 1,433,429 | |
| | |
| | | |
| 3,029,201 | |
| Wisconsin: 0.7% | |
| | | |
| | |
Janesville Wisconsin School District, Series B (GO) 4.38%, 03/01/43 (c) | |
| 750 | | |
| 758,892 | |
Middleton-Cross Plains Area School District, Series A (GO) 3.25%, 03/01/36 (c) | |
| 350 | | |
| 349,428 | |
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
Public Finance Authority, Affordable Housing Certificates 2026-1, Class A-1 (RB) 4.13%, 01/20/41 | |
$ | 999 | | |
$ | 962,267 | |
Public Finance Authority, Renown Regional Medical Center Project, Series A (RB) 4.25%, 06/01/41 (c) | |
| 500 | | |
| 495,145 | |
State of Wisconsin, Series 1 (RB) 5.00%, 07/01/39 (c) | |
| 750 | | |
| 848,900 | |
| State of Wisconsin, Series A (GO) | |
| | | |
| | |
| 5.00%, 05/01/35 (c) | |
| 1,000 | | |
| 1,106,199 | |
| 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,100,481 | |
Wisconsin Health & Educational Facilities Authority (RB) 5.00%, 08/15/36 (c) | |
| 1,000 | | |
| 1,109,253 | |
| Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series A (RB) | |
| | | |
| | |
| 4.00%, 11/15/35 (c) | |
| 1,500 | | |
| 1,500,119 | |
| 4.00%, 11/15/39 (c) | |
| 1,875 | | |
| 1,867,157 | |
| 5.00%, 11/15/36 (c) | |
| 1,000 | | |
| 1,000,719 | |
Wisconsin Health And Educational Facilities Authority, Mercy Health Corporation Obligated Group, Series A (RB) 5.00%, 06/01/39 (c) | |
| 1,000 | | |
| 1,084,451 | |
Wisconsin Housing and Economic Development Authority, Home Ownership, Series A (RB) 4.12%, 09/01/35 (c) | |
| 1,000 | | |
| 1,027,007 | |
Wisconsin Housing and Economic Development Authority, Series C (RB) 4.12%, 09/01/39 (c) | |
| 1,000 | | |
| 1,003,956 | |
Wisconsin State Health & Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series A (RB) (AG) 5.00%, 02/15/32 (c) | |
| 1,500 | | |
| 1,597,028 | |
| | |
| | | |
| 15,811,002 | |
| Wyoming: 0.1% | |
| | | |
| | |
County of Campbell, Wyoming Solid Waste Facilities, Series A (RB) (SBG) 3.62%, 07/15/39 (c) | |
| 3,000 | | |
| 2,846,917 | |
Total
Municipal Bonds:
(Cost: $2,141,845,136) | |
| | | |
| 2,127,091,988 | |
| Other assets less liabilities: 2.0% | |
| | | |
| 42,783,978 | |
| NET ASSETS: 100.0% | |
| | | |
$ | 2,169,875,966 | |
See Notes to Financial Statements
VANECK INTERMEDIATE MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
Definitions:
| AG |
Assured Guaranty, Inc. |
| BAM |
Build America Assurance Co. |
| CP |
Certificate of Participation |
| GO |
General Obligation |
| NATL |
National Public Finance Guarantee Corp. |
| RB |
Revenue Bond |
| SAW |
State Aid Withholding |
| SBG |
School Board Guaranteed |
| SD CRED PROG |
Special District Credit Enhancement Program |
| TA |
Tax Allocation |
Footnotes:
| (c) |
Callable Security — the date disclosed is the date the security may be redeemed by the issuer |
| (p) |
Putable Security — the date disclosed is the date the security may be redeemed by the fund |
| ^ |
Zero Coupon Bond |
The summary of inputs used to value the Fund’s investments as of April
30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Municipal Bonds * | |
$ | — | | |
$ | 2,127,091,988 | | |
$ | — | | |
$ | 2,127,091,988 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| MUNICIPAL BONDS: 98.2% | |
| | | |
| | |
| Alabama: 0.9% | |
| | | |
| | |
Alabama Corrections Institution Finance Authority, Series A (RB) 5.25%, 07/01/47 (c) | |
$ | 1,000 | | |
$ | 1,046,370 | |
Alabama Highway Authority Special Obligation (RB) (AG) 5.00%, 09/01/45 (c) | |
| 1,000 | | |
| 1,078,950 | |
City of Huntsville, Alabama Scholl, Series D (GO) 5.00%, 03/01/53 (c) | |
| 1,000 | | |
| 1,034,847 | |
County of Jefferson, Alabama Sewer (RB) 5.25%, 10/01/49 (c) | |
| 2,500 | | |
| 2,586,566 | |
Gadsden Alabama, Series A (GO) (BAM) 5.00%, 10/01/50 (c) | |
| 750 | | |
| 779,852 | |
| | |
| | | |
| 6,526,585 | |
| Arizona: 1.5% | |
| | | |
| | |
Arizona Industrial Development Authority Student Housing, North Carolina Central University Project, Series A (RB) (BAM) 4.00%, 06/01/44 (c) | |
| 500 | | |
| 471,810 | |
City of Mesa, Arizona Utility Systems (RB) (AG) 4.50%, 07/01/49 (c) | |
| 2,000 | | |
| 2,016,848 | |
City of Phoenix Civic Improvement Corp., Series A (RB) 4.00%, 07/01/44 (c) | |
| 1,000 | | |
| 993,751 | |
City of Phoenix Civic Improvement Corp., Water System, Series A (RB) 5.00%, 07/01/44 (c) | |
| 750 | | |
| 791,230 | |
Pima County, Industrial Development Authority, Tucson Medical Center, Series A (RB) 4.00%, 04/01/46 (c) | |
| 750 | | |
| 651,720 | |
| Salt River Project Agricultural Improvement & Power District, Electric Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/47 (c) | |
| 1,000 | | |
| 1,050,113 | |
| 5.00%, 01/01/50 (c) | |
| 1,000 | | |
| 1,039,426 | |
Salt River Project Agricultural Improvement & Power District, Electric Project, Series C (RB) 5.25%, 01/01/55 (c) | |
| 3,500 | | |
| 3,712,303 | |
| | |
| | | |
| 10,727,201 | |
| Arkansas: 0.6% | |
| | | |
| | |
Arkansas Development Finance Authority Revolving Loan Fund (RB) 5.00%, 06/01/46 (c) | |
| 1,000 | | |
| 1,071,723 | |
| | |
Par
(000’s | ) | |
Value | |
| Arkansas (continued) | |
| | | |
| | |
City of Springdale, Arkansas Sales and Use Tax, Series B (RB) (BAM) 4.25%, 08/01/53 (c) | |
$ | 1,000 | | |
$ | 945,264 | |
University of Arkansas (RB) 5.00%, 12/01/45 (c) | |
| 1,850 | | |
| 1,935,273 | |
| | |
| | | |
| 3,952,260 | |
| California: 13.7% | |
| | | |
| | |
Airport Commission of the City and County of San Francisco, International Airport, Series E (RB) 5.00%, 05/01/48 (c) | |
| 995 | | |
| 1,013,770 | |
Airport Commission of the City and County of San Francisco, International Airport, Series F (RB) 5.00%, 05/01/50 (c) | |
| 1,000 | | |
| 1,024,403 | |
Alameda County, Pleasanton United School District (GO) 4.00%, 08/01/52 (c) | |
| 1,500 | | |
| 1,393,971 | |
California County Tobacco Securitization Agency, Series A (RB) 4.00%, 06/01/49 (c) | |
| 850 | | |
| 756,029 | |
| California Health Facilities Financing Authority, Adventist Health System, Series A (RB) | |
| | | |
| | |
| 5.25%, 12/01/43 (c) | |
| 825 | | |
| 875,996 | |
| 5.25%, 12/01/44 (c) | |
| 500 | | |
| 526,245 | |
California Health Facilities Financing Authority, Cedars-Sinai Health System, Series A (RB) 3.00%, 08/15/51 (c) | |
| 1,000 | | |
| 737,284 | |
California Health Facilities Financing Authority, City of Hope (RB) 5.00%, 11/15/49 (c) | |
| 750 | | |
| 751,440 | |
California Health Facilities Financing Authority, Commonspirit Health, Series A (RB) 5.25%, 12/01/49 (c) | |
| 1,500 | | |
| 1,587,085 | |
| California Health Facilities Financing Authority, CommonSpirit Health, Series A (RB) | |
| | | |
| | |
| 4.00%, 04/01/45 (c) | |
| 1,000 | | |
| 939,030 | |
| 4.00%, 04/01/49 (c) | |
| 1,930 | | |
| 1,743,965 | |
| 5.00%, 12/01/45 (c) | |
| 1,000 | | |
| 1,065,717 | |
| California Health Facilities Financing Authority, Kaiser Permanente, Series A (RB) | |
| | | |
| | |
| 4.00%, 11/01/44 (c) | |
| 1,000 | | |
| 930,671 | |
| 4.00%, 11/01/51 (c) | |
| 1,000 | | |
| 881,365 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Health Facilities Financing Authority, Pin Health, Series A (RB) 4.00%, 06/01/50 (c) | |
$ | 750 | | |
$ | 664,924 | |
California Infrastructure & Economic Development Bank (RB) 5.00%, 05/15/47 (c) | |
| 500 | | |
| 509,860 | |
California Municipal Finance Authority, Series A (RB) 5.00%, 04/01/49 (c) | |
| 750 | | |
| 763,522 | |
| California State Public Works Board, May Lee Satet Office Complex, Series A (RB) | |
| | | |
| | |
| 5.00%, 04/01/44 (c) | |
| 1,045 | | |
| 1,139,815 | |
| 5.00%, 04/01/49 (c) | |
| 1,500 | | |
| 1,577,731 | |
| California State Public Works Board, Various Capital Project, Series C (RB) | |
| | | |
| | |
| 5.00%, 11/01/45 (c) | |
| 2,130 | | |
| 2,332,521 | |
| 5.00%, 11/01/47 (c) | |
| 1,000 | | |
| 1,072,464 | |
California Statewide Communities Development Authority, Adventist Health System, Series A (RB) 5.00%, 03/01/48 (c) | |
| 1,000 | | |
| 1,005,005 | |
California Statewide Communities Development Authority, Front Porch Communities and Services, Series A (RB) 3.00%, 04/01/51 (c) | |
| 1,000 | | |
| 707,183 | |
California Statewide Communities Development Authority, Montage Health, Series A (RB) 4.00%, 06/01/46 (c) | |
| 1,055 | | |
| 1,032,685 | |
Chabot-Las Positas Community College District, Series C (GO) 5.25%, 08/01/48 (c) | |
| 1,000 | | |
| 1,068,260 | |
Chaffey Joint Union High School District, Series C (GO) 5.25%, 08/01/47 (c) | |
| 500 | | |
| 504,938 | |
Chaffey Joint Union High School District, Series G (GO) 5.25%, 08/01/52 (c) | |
| 1,000 | | |
| 1,054,918 | |
City and County of San Francisco, Multiple Capital Improvement Project, Series R-1 (CP) 4.00%, 04/01/45 (c) | |
| 1,000 | | |
| 998,870 | |
City and County of San Francisco, Public Utilities Commission Water, Series D (RB) 3.00%, 11/01/50 (c) | |
| 500 | | |
| 374,814 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
| City of Los Angeles, Department of Airports, Series D (RB) | |
| | | |
| | |
| 4.00%, 05/15/48 (c) | |
$ | 750 | | |
$ | 722,392 | |
| 5.25%, 05/15/51 (c) | |
| 3,000 | | |
| 3,226,449 | |
City of Los Angeles, Department of Airports, Series E (RB) 5.25%, 05/15/55 (c) | |
| 1,000 | | |
| 1,069,776 | |
County of Bernardino, Raito Unified School District (GO) (BAM) 5.00%, 08/01/52 (c) | |
| 1,000 | | |
| 1,032,918 | |
| East Bay Municipal Utility District, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/51 (c) | |
| 1,000 | | |
| 1,074,815 | |
| 5.00%, 06/01/56 (c) | |
| 2,000 | | |
| 2,133,231 | |
East Bay Municipal Utility District, Water System, Series A (RB) 4.00%, 06/01/45 (c) | |
| 1,210 | | |
| 1,208,714 | |
El Dorado Irrigation District, Series A (CP) (AG) 4.00%, 03/01/45 (c) | |
| 630 | | |
| 621,079 | |
Fremont Union High School District, Series A (GO) 4.00%, 08/01/46 (c) | |
| 500 | | |
| 496,924 | |
Glendale Community College District, Series B (GO) 3.00%, 08/01/47 (c) | |
| 325 | | |
| 252,421 | |
Hayward Unified School District (GO) (BAM) 4.00%, 08/01/43 (c) | |
| 1,000 | | |
| 1,002,546 | |
Irvin Facilities Financing Authority, Irvine Great Park Infrastructure Project, Series A (ST) 5.00%, 09/01/43 (c) | |
| 500 | | |
| 546,264 | |
Los Angeles County Public Works Financing Authority, Series H (RB) 5.50%, 12/01/49 (c) | |
| 1,000 | | |
| 1,107,837 | |
| Los Angeles County Public Works Financing Authority, Series J (RB) | |
| | | |
| | |
| 5.00%, 12/01/45 (c) | |
| 500 | | |
| 550,403 | |
| 5.50%, 12/01/54 (c) | |
| 1,000 | | |
| 1,105,147 | |
Los Angeles Department of International Airports, Governmental Purpose, Series D (RB) 5.25%, 05/15/48 (c) | |
| 1,000 | | |
| 1,089,343 | |
Los Angeles Department of Water and Power, Series A (RB) 5.00%, 07/01/49 (c) | |
| 800 | | |
| 823,109 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
| Los Angeles Department of Water and Power, Series A (RB) (BAM) | |
| | | |
| | |
| 5.00%, 07/01/55 (c) | |
$ | 500 | | |
$ | 511,994 | |
| 5.25%, 07/01/44 (c) | |
| 1,200 | | |
| 1,306,262 | |
| 5.25%, 07/01/45 (c) | |
| 415 | | |
| 447,973 | |
Los Angeles Department of Water and Power, Series B (RB) 5.25%, 07/01/53 (c) | |
| 500 | | |
| 516,911 | |
Los Angeles Department of Water and Power, Series C (RB) 5.00%, 07/01/45 (c) | |
| 2,500 | | |
| 2,647,142 | |
| Los Angeles Department of Water and Power, Series D (RB) | |
| | | |
| | |
| 5.00%, 07/01/47 (c) | |
| 500 | | |
| 514,318 | |
| 5.00%, 07/01/52 (c) | |
| 750 | | |
| 763,916 | |
Los Angeles Department of Water and Power, Series E (RB) 5.00%, 07/01/53 (c) | |
| 1,000 | | |
| 1,019,663 | |
| Los Angeles Unified School District, Unlimited AD Valorem Property Tax, Series QRR (GO) | |
| | | |
| | |
| 4.00%, 07/01/49 (c) | |
| 750 | | |
| 711,617 | |
| 5.25%, 07/01/47 (c) | |
| 1,000 | | |
| 1,071,098 | |
| Metropolitan Water District of Southern California, Series A (RB) | |
| | | |
| | |
| 5.00%, 04/01/48 (c) | |
| 1,500 | | |
| 1,588,533 | |
| 5.00%, 04/01/53 (c) | |
| 1,000 | | |
| 1,046,224 | |
Oakland Unified School District, Alameda County Election, Series A (GO) (BAM) 4.00%, 08/01/46 (c) | |
| 1,000 | | |
| 963,342 | |
Perris Union High School District, Riverside County, Series A (GO) (AG) 4.00%, 09/01/43 (c) | |
| 570 | | |
| 570,773 | |
Regents of University of California, Medical Center Pooled, Series L (RB) 4.00%, 05/15/44 (c) | |
| 1,015 | | |
| 1,015,546 | |
Regents of University of California, Medical Center Pooled, Series P (RB) 4.00%, 05/15/53 (c) | |
| 500 | | |
| 466,069 | |
Riverside Community College District, Riverside County, Series A (GO) 4.00%, 08/01/54 (c) | |
| 1,000 | | |
| 949,897 | |
Sacramento Area Flood Control Agency, Series A (SA) 5.00%, 10/01/47 (c) | |
| 1,500 | | |
| 1,506,170 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
Sacramento City Unified School District, Series G (GO) (AG) 4.00%, 08/01/49 (c) | |
$ | 500 | | |
$ | 478,155 | |
San Diego Community College District, Series A-1 (GO) 5.00%, 08/01/55 (c) | |
| 1,000 | | |
| 1,058,414 | |
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/44 (c) | |
| 750 | | |
| 782,527 | |
San Diego Public Facilities Financing Authority, Series A (RB) 5.25%, 08/01/48 (c) | |
| 1,000 | | |
| 1,079,301 | |
San Diego Unified School District, Series I (GO) 4.00%, 07/01/47 (c) | |
| 595 | | |
| 576,564 | |
San Diego, California Unified School District, Series C-3 (GO) 5.00%, 07/01/50 (c) | |
| 2,000 | | |
| 2,122,640 | |
San Francisco Bay Area Rapid Transit District, Series B-1 (GO) 3.00%, 08/01/49 (c) | |
| 600 | | |
| 457,310 | |
San Francisco Bay Area Rapid Transit District, Series C-1 (GO) 4.00%, 08/01/45 (c) | |
| 610 | | |
| 599,639 | |
| San Francisco City and County, International Airport, Series B (RB) | |
| | | |
| | |
| 4.00%, 05/01/52 (c) | |
| 1,000 | | |
| 937,045 | |
| 5.00%, 05/01/47 (c) | |
| 700 | | |
| 707,326 | |
| 5.00%, 05/01/49 (c) | |
| 500 | | |
| 527,896 | |
| 5.00%, 05/01/52 (c) | |
| 1,000 | | |
| 1,036,714 | |
San Francisco City and County, Public Utilities Commission Wastewater, Series A (RB) 4.00%, 10/01/48 (c) | |
| 885 | | |
| 859,550 | |
San Mateo County Community College District, Series B (GO) 5.00%, 09/01/45 (c) | |
| 820 | | |
| 848,435 | |
San Mateo Foster City Public Financing Authority, Clean Water Program (RB) (SAW) 4.00%, 08/01/44 (c) | |
| 500 | | |
| 494,953 | |
Saugus Union School District School Facilities Improvement District No.1, Series C (GO) 2.38%, 08/01/44 (c) | |
| 1,000 | | |
| 735,268 | |
Southern California Public Power Authority (RB) (BAM) 5.25%, 07/01/43 (c) | |
| 500 | | |
| 550,979 | |
Southern California Public Power Authority, Southern Transmission System (RB) 5.25%, 07/01/53 (c) | |
| 500 | | |
| 517,985 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
Southwestern Community College District, Series A (GO) 4.00%, 08/01/47 (c) | |
$ | 750 | | |
$ | 725,678 | |
State of California (GO) 5.00%, 08/01/45 (c) | |
| 750 | | |
| 824,611 | |
| State of California, Various Purpose (GO) | |
| | | |
| | |
| 3.00%, 12/01/43 (c) | |
| 400 | | |
| 346,064 | |
| 3.00%, 11/01/50 (c) | |
| 1,710 | | |
| 1,302,741 | |
| 3.62%, 10/01/47 (c) | |
| 645 | | |
| 564,432 | |
| 4.00%, 10/01/44 (c) | |
| 500 | | |
| 496,213 | |
| 4.12%, 03/01/49 (c) | |
| 1,000 | | |
| 985,746 | |
| 5.00%, 12/01/46 (c) | |
| 610 | | |
| 639,512 | |
| 5.00%, 11/01/47 (c) | |
| 515 | | |
| 522,482 | |
| 5.00%, 09/01/48 (c) | |
| 2,000 | | |
| 2,126,471 | |
| 5.00%, 10/01/48 (c) | |
| 935 | | |
| 956,974 | |
| 5.00%, 04/01/49 (c) | |
| 1,000 | | |
| 1,027,723 | |
The Regents of the University of California, Series CC (RB) 5.00%, 05/15/53 (c) | |
| 750 | | |
| 795,139 | |
University of California, Series BK (RB) 5.00%, 05/15/52 (c) | |
| 2,000 | | |
| 2,085,690 | |
University of California, Series EE (RB) 5.00%, 05/15/43 (c) | |
| 500 | | |
| 525,996 | |
University of California, Series O (RB) 5.00%, 05/15/58 (c) | |
| 1,000 | | |
| 1,016,980 | |
University of California, Series Q (RB) 5.00%, 05/15/46 (c) | |
| 500 | | |
| 523,814 | |
Ventura Unified School District, Series A (GO) 4.00%, 08/01/52 (c) | |
| 500 | | |
| 467,595 | |
West Contra Costa Unified School District, Series B (GO) (BAM) 5.00%, 08/01/49 (c) | |
| 1,000 | | |
| 1,054,249 | |
| | |
| | | |
| 96,074,108 | |
| Colorado: 2.3% | |
| | | |
| | |
Arapahoe County, Cherry Creek Colorado School District No. 5 (GO) (SAW) 5.25%, 12/15/43 (c) | |
| 1,000 | | |
| 1,121,150 | |
Board of Governors of Colorado State University System, Series C (RB) 4.00%, 03/01/47 (c) | |
| 1,050 | | |
| 962,437 | |
Canyons Metropolitan District No. 5, Limited Tax, Series A (GO) (BAM) 5.00%, 12/01/49 (c) | |
| 1,000 | | |
| 1,020,347 | |
City of Colorado Springs, Utilities System, Series C (RB) 5.00%, 11/15/50 (c) | |
| 600 | | |
| 616,192 | |
| | |
Par
(000’s | ) | |
Value | |
| Colorado (continued) | |
| | | |
| | |
City of Westminster, Colorado Water & Wastewater Utility (RB) 5.00%, 12/01/54 (c) | |
$ | 1,000 | | |
$ | 1,039,226 | |
Colorado Bridge & Tunnel Enterprise, Series A (RB) (AG) 5.25%, 12/01/54 (c) | |
| 2,000 | | |
| 2,116,733 | |
Colorado Bridge and Tunnel, Enterprise Infrastructure, Series A (RB) (AG) 5.25%, 12/01/49 (c) | |
| 500 | | |
| 532,905 | |
Colorado Health Facilities Authority Hospital, Series A (RB) (SBG) 4.00%, 11/15/43 (c) | |
| 685 | | |
| 660,201 | |
| Colorado Health Facilities Authority, CommonSpirit Health, Series A (RB) | |
| | | |
| | |
| 3.25%, 08/01/49 (c) | |
| 500 | | |
| 391,889 | |
| 5.50%, 11/01/47 (c) | |
| 1,000 | | |
| 1,056,627 | |
Colorado Health Facilities Authority, Sanford, Series A (RB) 5.00%, 11/01/44 (c) | |
| 500 | | |
| 511,362 | |
Colorado High Performance Transportation Enterprise, C-470 Express Lanes (RB) 5.00%, 12/31/51 (c) | |
| 250 | | |
| 247,987 | |
Metro Water Recovery, Series A (RB) 5.00%, 04/01/51 (c) | |
| 1,680 | | |
| 1,773,254 | |
| Park Creek Metropolitan District (RB) (AG) | |
| | | |
| | |
| 5.00%, 12/01/43 (c) | |
| 1,250 | | |
| 1,327,825 | |
| 5.00%, 12/01/44 (c) | |
| 1,000 | | |
| 1,055,639 | |
Weld County School District No. 5J (GO) (SAW) 4.00%, 12/01/45 (c) | |
| 1,000 | | |
| 982,284 | |
Weld County School District No. 6 (GO) (SAW) 4.00%, 12/01/45 (c) | |
| 800 | | |
| 786,446 | |
| | |
| | | |
| 16,202,504 | |
| Connecticut: 0.5% | |
| | | |
| | |
| Connecticut Housing Finance Authority, Housing Mortgage Finance Program, Series A (RB) | |
| | | |
| | |
| 4.60%, 11/15/49 (c) | |
| 1,000 | | |
| 984,899 | |
| 4.70%, 11/15/43 (c) | |
| 500 | | |
| 512,449 | |
Connecticut State Health and Educational Facilities Authority, Trinity Health Credit Group (RB) 5.00%, 12/01/45 (c) | |
| 750 | | |
| 750,718 | |
State of Connecticut, Series A (GO) 5.00%, 03/15/45 (c) | |
| 1,000 | | |
| 1,078,025 | |
| | |
| | | |
| 3,326,091 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Delaware: 0.4% | |
| | | |
| | |
Delaware Health Facilities Authority, Christiana Care Health System (RB) 5.25%, 10/01/51 (c) | |
$ | 2,000 | | |
$ | 2,106,825 | |
Delaware State Health Facilities Authority, Christiana Care Health System, Series A (RB) 4.00%, 10/01/49 (c) | |
| 1,115 | | |
| 991,373 | |
| | |
| | | |
| 3,098,198 | |
| District of Columbia: 1.4% | |
| | | |
| | |
District of Columbia, Children’s Hospital (RB) 5.00%, 07/15/44 (c) | |
| 500 | | |
| 500,237 | |
District of Columbia, Income Tax, Series A (RB) 5.25%, 06/01/50 (c) | |
| 2,000 | | |
| 2,129,656 | |
District of Columbia, Income Tax, Series C (RB) 4.00%, 05/01/45 (c) | |
| 805 | | |
| 781,125 | |
| District of Columbia, Series A (RB) | |
| | | |
| | |
| 2.62%, 03/01/45 (c) | |
| 575 | | |
| 431,692 | |
| 5.00%, 07/01/48 (c) | |
| 500 | | |
| 491,479 | |
Metropolitan Washington Airports Authority, Dulles Toll Road, Dulles Metrorail and Capital Improvements Projects, Series A (RB) (AG) 4.00%, 10/01/52 (c) | |
| 1,000 | | |
| 879,500 | |
Metropolitan Washington Airports Authority, Dulles Toll Road, Dulles Metrorail and Capital Improvements Projects, Series B (RB) 4.00%, 10/01/49 (c) | |
| 2,250 | | |
| 1,994,779 | |
| Washington Metropolitan Area Transit Authority, Series A (RB) | |
| | | |
| | |
| 3.00%, 07/15/43 (c) | |
| 750 | | |
| 624,177 | |
| 4.00%, 07/15/46 (c) | |
| 1,000 | | |
| 956,089 | |
| 5.00%, 07/15/48 (c) | |
| 1,000 | | |
| 1,038,008 | |
| | |
| | | |
| 9,826,742 | |
| Florida: 4.8% | |
| | | |
| | |
| Board of Governors of the State of Florida, Florida International University, Series A (RB) (BAM) | |
| | | |
| | |
| 4.38%, 07/01/49 (c) | |
| 1,000 | | |
| 964,418 | |
| 5.00%, 07/01/53 (c) | |
| 1,000 | | |
| 1,031,853 | |
Brevard County, Florida Health Facilities Authority, Series A (RB) 5.00%, 04/01/52 (c) | |
| 1,055 | | |
| 1,058,889 | |
City of Cape Coral, Florida Water and Sewer (RB) (BAM) 5.25%, 10/01/53 (c) | |
| 1,000 | | |
| 1,056,544 | |
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
| City of Jacksonville, Health Care Facilities, Brooks Rehabilitation (RB) | |
| | | |
| | |
| 4.00%, 11/01/45 (c) | |
$ | 1,000 | | |
$ | 893,183 | |
| 5.00%, 11/01/50 (c) | |
| 2,000 | | |
| 2,009,138 | |
City of Tampa, Florida Water & Wastewater System, Series A (RB) (BAM) 5.00%, 10/01/47 (c) | |
| 500 | | |
| 525,999 | |
County of Broward, Florida Port Facilities, Series A (RB) 5.00%, 09/01/49 (c) | |
| 500 | | |
| 508,442 | |
| County of Broward, Florida Tourist Development, Convention Center Expansion Project (RB) | |
| | | |
| | |
| 4.00%, 09/01/47 (c) | |
| 1,000 | | |
| 911,561 | |
| 4.00%, 09/01/51 (c) | |
| 1,010 | | |
| 888,138 | |
County of Miami-Dade, Florida Professional Sports Franchise Facilities, Series A (RB) (AG) 0.00%, 10/01/45 ^ | |
| 2,000 | | |
| 804,860 | |
County of Miami-Dade, Florida Seaport, Series A (RB) (AG) 4.00%, 10/01/49 (c) | |
| 2,000 | | |
| 1,792,824 | |
County of Miami-Dade, Florida Water and Sewer System (RB) 4.00%, 10/01/48 (c) | |
| 1,000 | | |
| 925,667 | |
County of Miami-Dade, Health Facilities Authority Hospital, Nicklaus Children’s Hospital Project, Series A (RB) 4.00%, 08/01/51 (c) | |
| 500 | | |
| 433,273 | |
County of Palm Beach, Health Facilities Authority, Lifespace Communities, Inc., Series B (RB) 4.00%, 05/15/53 (c) | |
| 330 | | |
| 262,176 | |
County of Saint Luce, School Board, Series A (CP) (AG) 5.00%, 07/01/48 (c) | |
| 1,000 | | |
| 1,029,883 | |
County of Sarasota, Florida Utility System, Series A (RB) 5.00%, 10/01/50 (c) | |
| 500 | | |
| 512,445 | |
Florida Atlantic University Finance Corp. (RB) 5.00%, 07/01/49 (c) | |
| 500 | | |
| 517,241 | |
Florida Higher Educational Facilities Financial Authority, Rollins College Project, Series A (RB) 4.00%, 12/01/50 (c) | |
| 750 | | |
| 651,889 | |
| Florida Housing Finance Corp. (RB) | |
| | | |
| | |
| 4.90%, 07/01/45 (c) | |
| 1,500 | | |
| 1,545,451 | |
| 6.25%, 07/01/56 (c) | |
| 1,370 | | |
| 1,522,405 | |
Florida Housing Finance Corp., Homeowner Mortgage (RB) 6.25%, 01/01/55 (c) | |
| 960 | | |
| 1,048,338 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
Fort Pierce Utilities Authority, Series A (RB) (AG) 4.00%, 10/01/52 (c) | |
$ | 1,000 | | |
$ | 893,386 | |
Halifax Hospital Medical Center (RB) 4.00%, 06/01/46 (c) | |
| 525 | | |
| 460,320 | |
Hillsborough County, Florida Capital Improvement Non-Ad Valorem (RB) 2.25%, 08/01/51 (c) | |
| 500 | | |
| 304,547 | |
Hillsborough County, Industrial Development Authority Health System, Series C (RB) 5.50%, 11/15/54 (c) | |
| 1,000 | | |
| 1,064,812 | |
Jea Water and Sewer System, Series A (RB) 5.25%, 10/01/49 (c) | |
| 1,000 | | |
| 1,064,898 | |
Miami-Dade County, Florida Water and Sewer System Revenue Bonds, Series A (RB) 5.00%, 10/01/55 (c) | |
| 2,750 | | |
| 2,839,670 | |
North Broward Hospital District, Broward Health, Series B (RB) 5.00%, 01/01/48 (c) | |
| 1,000 | | |
| 1,005,906 | |
| Orange County Health Facilities Authority, Orlando Health, Series A (RB) | |
| | | |
| | |
| 4.50%, 10/01/56 (c) | |
| 750 | | |
| 718,544 | |
| 5.25%, 10/01/56 (c) | |
| 1,000 | | |
| 1,039,482 | |
Palm Beach County, Health Facilities Authority, Baptist Health (RB) (SBG) 3.00%, 08/15/44 (c) | |
| 1,000 | | |
| 803,768 | |
School District of Miami-Dade County, Florida (GO) 4.00%, 03/15/47 (c) | |
| 2,000 | | |
| 1,832,247 | |
South Broward Hospital District, Series A (RB) 3.00%, 05/01/46 (c) | |
| 750 | | |
| 579,431 | |
| | |
| | | |
| 33,501,628 | |
| Georgia: 2.4% | |
| | | |
| | |
Brookhaven Development Authority, Children’s Healthcare of Atlanta, Inc., Series A (RB) 4.00%, 07/01/44 (c) | |
| 660 | | |
| 645,325 | |
Burke County Development Authority, Series C (RB) (SAW) 4.12%, 11/01/45 (c) | |
| 1,000 | | |
| 955,598 | |
County of Burke, Development Authority, Series D (RB) 4.12%, 11/01/45 (c) | |
| 260 | | |
| 248,455 | |
Fayette County Development Authority, Soccer Federation, Inc. Project (RB) 5.25%, 10/01/54 (c) | |
| 1,250 | | |
| 1,267,084 | |
| | |
Par
(000’s | ) | |
Value | |
| Georgia (continued) | |
| | | |
| | |
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB) 4.00%, 02/15/45 (c) | |
$ | 1,295 | | |
$ | 1,196,322 | |
Georgia Housing & Finance Authority (RB) 5.12%, 12/01/45 (c) | |
| 2,000 | | |
| 2,065,957 | |
Georgia State Housing & Finance Authority, Series A (RB) 4.70%, 12/01/55 (c) | |
| 1,000 | | |
| 995,691 | |
Georgia State Road and Tollway Authority, Managed Lane System, Series A (RB) 3.00%, 07/15/51 (c) | |
| 500 | | |
| 377,503 | |
Macon Water Authority (RB) 5.00%, 10/01/54 (c) | |
| 500 | | |
| 517,407 | |
Main Street Natural Gas, Inc., Series C (RB) 5.00%, 05/15/49 | |
| 990 | | |
| 1,015,379 | |
Metropolitan Atlanta Rapid Transit Authority Sales Tax, Series A (RB) 3.00%, 07/01/47 (c) | |
| 1,000 | | |
| 757,863 | |
Metropolitan Atlanta Rapid Transit Authority, Series A (RB) 5.00%, 07/01/55 (c) | |
| 3,000 | | |
| 3,126,276 | |
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project, Series A (RB) | |
| | | |
| | |
| 4.50%, 07/01/63 (c) | |
| 500 | | |
| 468,969 | |
| 5.00%, 01/01/49 (c) | |
| 1,000 | | |
| 1,001,302 | |
Municipal Electric Authority of Georgia, Project One, Series A (RB) (BAM) 5.25%, 01/01/54 (c) | |
| 1,000 | | |
| 1,040,350 | |
| Municipal Electric Authority of Georgia, Series A (RB) | |
| | | |
| | |
| 5.00%, 01/01/63 (c) | |
| 500 | | |
| 494,803 | |
| 5.25%, 01/01/49 (c) | |
| 500 | | |
| 519,045 | |
| | |
| | | |
| 16,693,329 | |
| Hawaii: 0.3% | |
| | | |
| | |
City and County of Honolulu, Series C (GO) 4.00%, 08/01/43 (c) | |
| 750 | | |
| 752,722 | |
City and County of Honolulu, Wastewater System, Series A (RB) 5.25%, 07/01/54 (c) | |
| 1,000 | | |
| 1,058,430 | |
| | |
| | | |
| 1,811,152 | |
| Idaho: 0.1% | |
| | | |
| | |
Idaho Housing and Finance Association, Single Family Mortgage, Series A (RB) 4.60%, 01/01/49 (c) | |
| 665 | | |
| 658,054 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Illinois: 3.2% | |
| | | |
| | |
| Chicago Midway International Airport, Series B (RB) | |
| | | |
| | |
| 5.00%, 01/01/45 (c) | |
$ | 1,000 | | |
$ | 1,060,664 | |
| 5.00%, 01/01/55 (c) | |
| 1,750 | | |
| 1,790,725 | |
City of Chicago, Second Lien Water Project, Series A (RB) (AG) 5.25%, 11/01/53 (c) | |
| 500 | | |
| 516,529 | |
| City of Chicago, Series A (GO) | |
| | | |
| | |
| 5.00%, 01/01/44 (c) | |
| 750 | | |
| 733,515 | |
| 5.00%, 01/01/44 (c) | |
| 1,000 | | |
| 978,019 | |
| City of Chicago, Wastewater Transmission Project, Series A (RB) (AG) | |
| | | |
| | |
| 5.25%, 01/01/53 (c) | |
| 500 | | |
| 517,815 | |
| 5.50%, 01/01/62 (c) | |
| 1,550 | | |
| 1,622,470 | |
Illinois Finance Authority, OSF Healthcare System, Series A (RB) 5.00%, 11/15/45 (c) | |
| 500 | | |
| 500,054 | |
Illinois Housing Development Authority, Series A (RB) 4.75%, 10/01/49 (c) | |
| 440 | | |
| 439,296 | |
Illinois Housing Development Authority, Series G (RB) 5.00%, 10/01/46 (c) | |
| 795 | | |
| 807,326 | |
Illinois Housing Development Authority, Series K (RB) (FNMA/GNMA/FHLMC COLL) 5.35%, 04/01/47 (c) | |
| 755 | | |
| 780,898 | |
| Illinois State Toll Highway Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 01/01/44 (c) | |
| 1,005 | | |
| 982,814 | |
| 4.00%, 01/01/46 (c) | |
| 1,000 | | |
| 945,768 | |
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB) 4.00%, 12/15/47 (c) | |
| 1,500 | | |
| 1,350,011 | |
Metropolitan Water Reclamation District of Greater Chicago, Series A (GO) 4.00%, 12/01/46 (c) | |
| 1,500 | | |
| 1,407,261 | |
Sales Tax Securitization Corp., Series A (RB) 4.00%, 01/01/48 (c) | |
| 1,000 | | |
| 889,129 | |
Sales Tax Securitization Corp., Series A (RB) (BAM) 4.00%, 01/01/48 (c) | |
| 1,000 | | |
| 902,844 | |
St. Clair County Community Unit School District No. 187, Series A (RB) (AG) 5.00%, 01/01/54 (c) | |
| 1,000 | | |
| 993,627 | |
State of Illinois (GO) (AG) 5.75%, 05/01/45 (c) | |
| 750 | | |
| 791,554 | |
State of Illinois, Series A (GO) 5.00%, 03/01/46 (c) | |
| 1,250 | | |
| 1,275,428 | |
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
State of Illinois, Series B (GO) 5.25%, 05/01/49 (c) | |
$ | 500 | | |
$ | 513,932 | |
State of Illinois, Series C (GO) 4.00%, 11/01/44 (c) | |
| 900 | | |
| 844,148 | |
The Illinois State Toll Highway Authority Toll Highway Senior, Series A (RB) 5.00%, 01/01/47 (c) | |
| 2,000 | | |
| 2,113,949 | |
| | |
| | | |
| 22,757,776 | |
| Indiana: 0.9% | |
| | | |
| | |
Fishers Town Hall Building Corp., Series A (RB) 5.62%, 07/15/48 (c) | |
| 500 | | |
| 544,429 | |
Indiana Finance Authority, Series C (RB) 5.00%, 02/01/45 (c) | |
| 1,500 | | |
| 1,627,217 | |
Indiana Housing and Community Development Authority, Single Family Mortgage, Series B-1 (RB) 4.75%, 07/01/49 (c) | |
| 500 | | |
| 499,267 | |
Indiana Housing and Community Development Authority, Single Family Mortgage, Series C-1 (RB) 4.95%, 07/01/50 (c) | |
| 750 | | |
| 759,271 | |
| Indianapolis Local Public Improvement Bond Bank, Courthouse and Jail Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 02/01/49 (c) | |
| 500 | | |
| 510,101 | |
| 5.00%, 02/01/54 (c) | |
| 1,000 | | |
| 1,016,758 | |
Indianapolis Local Public Improvement Bond Bank, Indiana Convention Center Hotel, Series F-1 (RB) (BAM) 5.00%, 03/01/53 (c) | |
| 1,000 | | |
| 1,030,087 | |
| | |
| | | |
| 5,987,130 | |
| Iowa: 0.3% | |
| | | |
| | |
Iowa Finance Authority, Series A (RB) 5.00%, 08/01/49 (c) | |
| 530 | | |
| 547,120 | |
| Iowa Finance Authority, Single Family Mortgage, Series C (RB) | |
| | | |
| | |
| 4.65%, 07/01/49 (c) | |
| 1,000 | | |
| 991,761 | |
| 4.85%, 07/01/43 (c) | |
| 500 | | |
| 513,895 | |
| | |
| | | |
| 2,052,776 | |
| Kansas: 0.3% | |
| | | |
| | |
University of Kansas Hospital Authority, University of Kansas Health System, Series A (RB) 5.50%, 03/01/54 (c) | |
| 1,000 | | |
| 1,067,380 | |
Wyandotte County, Unified School District No. 500 (GO) (BAM) 5.25%, 09/01/55 (c) | |
| 1,000 | | |
| 1,038,929 | |
| | |
| | | |
| 2,106,309 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Kentucky: 0.2% | |
| | | |
| | |
Kentucky Bond Development Corp., Lexington Center Corp. Project (RB) 4.00%, 09/01/48 (c) | |
$ | 1,225 | | |
$ | 1,099,039 | |
Kentucky State Property & Building Commission, Project No. 131, Series A (RB) 5.00%, 10/01/44 (c) | |
| 500 | | |
| 538,433 | |
| | |
| | | |
| 1,637,472 | |
| Louisiana: 0.5% | |
| | | |
| | |
City of Shreveport, Louisiana Water and Sewer, Series B (RB) (AG) 4.00%, 12/01/49 (c) | |
| 700 | | |
| 624,789 | |
Louisiana Stadium and Exposition District, Series A (RB) 5.25%, 07/01/53 (c) | |
| 1,500 | | |
| 1,547,262 | |
State of Louisiana, Series A (GO) 4.00%, 04/01/43 (c) | |
| 1,500 | | |
| 1,505,456 | |
| | |
| | | |
| 3,677,507 | |
| Maine: 0.3% | |
| | | |
| | |
Maine Health & Higher Educational Facilities Authority, Series B (RB) 5.25%, 10/01/54 (c) | |
| 1,000 | | |
| 1,043,280 | |
Maine Turnpike Authority (RB) 4.00%, 07/01/50 (c) | |
| 750 | | |
| 688,768 | |
| | |
| | | |
| 1,732,048 | |
| Maryland: 1.5% | |
| | | |
| | |
County of Baltimore, Metropolitan District (GO) 5.00%, 03/01/49 (c) | |
| 1,000 | | |
| 1,044,467 | |
Maryland Community Development Administration, Villages at Marley Station, Series D-1 (RB) 4.35%, 02/01/44 | |
| 1,000 | | |
| 986,099 | |
Maryland Economic Development Corp. (RB) 5.00%, 06/01/48 (c) | |
| 1,500 | | |
| 1,565,703 | |
Maryland Health and Higher Educational Facilities Authority, Adventist Healthcare, Series B (RB) 4.00%, 01/01/51 (c) | |
| 500 | | |
| 419,197 | |
Maryland Health and Higher Educational Facilities Authority, Greater Baltimore Medical Center, Series A (RB) 3.00%, 07/01/46 (c) | |
| 500 | | |
| 394,035 | |
Maryland Health and Higher Educational Facilities Authority, Series A (RB) 5.25%, 07/01/52 (c) | |
| 750 | | |
| 780,863 | |
Maryland Stadium Authority, Built to Learn, Series A (RB) 4.00%, 06/01/52 (c) | |
| 1,000 | | |
| 892,704 | |
| | |
Par
(000’s | ) | |
Value | |
| Maryland (continued) | |
| | | |
| | |
Montgomery County, Trinity Health Credit Group, Series MD (RB) 5.00%, 12/01/44 (c) | |
$ | 1,000 | | |
$ | 1,001,135 | |
| Washington Suburban Sanitary District, Maryland (RB) | |
| | | |
| | |
| 4.25%, 06/01/48 (c) | |
| 2,555 | | |
| 2,512,105 | |
| 4.38%, 06/01/51 (c) | |
| 1,000 | | |
| 983,371 | |
| | |
| | | |
| 10,579,679 | |
| Massachusetts: 4.5% | |
| | | |
| | |
| Commonwealth of Massachusetts (GO) | |
| | | |
| | |
| 5.00%, 07/01/48 (c) | |
| 2,000 | | |
| 2,060,537 | |
| 5.00%, 08/01/50 (c) | |
| 2,750 | | |
| 2,885,429 | |
| Commonwealth of Massachusetts Transportation, Series A (RB) | |
| | | |
| | |
| 3.00%, 06/01/50 (c) | |
| 800 | | |
| 602,152 | |
| 5.00%, 06/01/45 (c) | |
| 2,500 | | |
| 2,716,864 | |
| 5.00%, 06/01/55 (c) | |
| 1,000 | | |
| 1,036,188 | |
| Commonwealth of Massachusetts Transportation, Series B (RB) | |
| | | |
| | |
| 5.00%, 06/01/52 (c) | |
| 2,000 | | |
| 2,056,992 | |
| 5.00%, 06/01/54 (c) | |
| 750 | | |
| 775,251 | |
| Commonwealth of Massachusetts, Series A (GO) | |
| | | |
| | |
| 5.00%, 01/01/45 (c) | |
| 1,000 | | |
| 1,018,205 | |
| 5.00%, 01/01/49 (c) | |
| 500 | | |
| 522,539 | |
| 5.00%, 01/01/49 (c) | |
| 1,000 | | |
| 1,020,115 | |
| 5.00%, 04/01/50 (c) | |
| 750 | | |
| 785,865 | |
| Commonwealth of Massachusetts, Series B (GO) | |
| | | |
| | |
| 2.12%, 04/01/51 (c) | |
| 1,300 | | |
| 810,918 | |
| 5.00%, 11/01/52 (c) | |
| 1,190 | | |
| 1,226,642 | |
Commonwealth of Massachusetts, Series C (GO) 3.00%, 03/01/48 (c) | |
| 360 | | |
| 274,992 | |
Commonwealth of Massachusetts, Series D (GO) 5.00%, 07/01/45 (c) | |
| 750 | | |
| 782,627 | |
| Commonwealth of Massachusetts, Series E (GO) | |
| | | |
| | |
| 5.00%, 11/01/45 (c) | |
| 605 | | |
| 633,283 | |
| 5.00%, 11/01/50 (c) | |
| 1,000 | | |
| 1,027,260 | |
| Massachusetts Bay Transportation Authority, Sales Tax, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/51 (c) | |
| 800 | | |
| 732,641 | |
| 4.00%, 07/01/53 (c) | |
| 1,000 | | |
| 911,349 | |
Massachusetts Development Finance Agency, Beth Israel Lahey Health, Inc., Series J (RB) 5.00%, 07/01/53 (c) | |
| 1,500 | | |
| 1,492,069 | |
Massachusetts Development Finance Agency, Boston Medical Center, Series D (RB) 5.00%, 07/01/44 (c) | |
| 500 | | |
| 500,085 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Massachusetts (continued) | |
| | | |
| | |
Massachusetts Development Finance Agency, Boston University, Series FF (RB) 5.00%, 10/01/48 (c) | |
$ | 1,105 | | |
$ | 1,156,687 | |
Massachusetts Development Finance Agency, Lasell Village, Inc. (RB) 5.25%, 07/01/55 (c) | |
| 895 | | |
| 902,602 | |
Massachusetts Development Finance Agency, Series N (RB) (AG) 5.00%, 07/01/50 (c) | |
| 2,000 | | |
| 2,089,072 | |
Massachusetts Port Authority, Series B (RB) (SBG) 5.00%, 07/01/44 (c) | |
| 305 | | |
| 318,693 | |
| Massachusetts School Building Authority, Sales Tax, Series A (RB) | |
| | | |
| | |
| 5.00%, 02/15/44 (c) | |
| 555 | | |
| 578,581 | |
| 5.00%, 08/15/50 (c) | |
| 750 | | |
| 768,342 | |
| 5.25%, 02/15/50 (c) | |
| 1,800 | | |
| 1,923,010 | |
| | |
| | | |
| 31,608,990 | |
| Michigan: 2.4% | |
| | | |
| | |
Great Lakes Water Authority, Water Supply System, Second Lien, Series B (RB) 5.00%, 07/01/46 (c) | |
| 390 | | |
| 390,569 | |
Great Lakes Water Authority, Water Supply System, Second Lien, Series C (RB) 5.25%, 07/01/55 (c) | |
| 1,000 | | |
| 1,048,028 | |
Great Lakes Water Authority, Water Supply System, Senior Lien, Series A (RB) 5.00%, 07/01/46 (c) | |
| 570 | | |
| 570,845 | |
Karegnondi Water Authority, Counties of Genesee, Lapeer, and Sanilac (RB) (BAM) 5.00%, 11/01/43 (c) | |
| 750 | | |
| 814,174 | |
Lansing Board of Water and Light, Michigan Utility System, Series A (RB) 5.00%, 07/01/49 (c) | |
| 1,000 | | |
| 1,042,818 | |
Michigan Fin Auth Rev Hosp Ref Bds Trinity Hlth Credit Group, Series A (RB) 5.00%, 12/01/42 (c) | |
| 20 | | |
| 20,735 | |
Michigan Finance Authority, Beaumont Health, Series A (RB) 5.00%, 11/01/44 (c) | |
| 1,000 | | |
| 1,000,183 | |
Michigan Finance Authority, Corewell Health, Series A (RB) 5.00%, 08/15/46 (c) | |
| 2,000 | | |
| 2,093,864 | |
Michigan Finance Authority, McLaren Health Care, System A (RB) 4.00%, 02/15/47 (c) | |
| 1,000 | | |
| 888,751 | |
| | |
Par
(000’s | ) | |
Value | |
| Michigan (continued) | |
| | | |
| | |
Michigan Finance Authority, Trinity Health Credit Group, Series A (RB) 4.00%, 12/01/49 (c) | |
$ | 250 | | |
$ | 218,203 | |
Michigan Finance Authority, Wayne Criminal (RB) (BAM) 4.00%, 11/01/48 (c) | |
| 1,000 | | |
| 926,923 | |
| Michigan State Housing Development Authority, Rental Housing, Series A (RB) | |
| | | |
| | |
| 3.35%, 10/01/49 (c) | |
| 500 | | |
| 400,997 | |
| 3.60%, 10/01/60 (c) | |
| 1,000 | | |
| 797,164 | |
| 4.88%, 10/01/43 (c) | |
| 1,000 | | |
| 1,018,614 | |
Michigan State University, Board of Trustee, Series B (RB) 5.00%, 02/15/48 (c) | |
| 765 | | |
| 780,588 | |
State of Michigan, Trunk Line Fund (RB) 5.00%, 11/15/46 (c) | |
| 1,000 | | |
| 1,056,130 | |
State of Michigan, Trunk Line Fund, Series A (RB) 4.00%, 11/15/46 (c) | |
| 1,000 | | |
| 959,406 | |
| Western Michigan University, Series A (RB) (AG) | |
| | | |
| | |
| 5.25%, 11/15/49 (c) | |
| 1,000 | | |
| 1,052,704 | |
| 5.25%, 11/15/54 (c) | |
| 1,500 | | |
| 1,562,623 | |
| | |
| | | |
| 16,643,319 | |
| Minnesota: 0.8% | |
| | | |
| | |
City of Rochester, Minnesota, Mayo Clinic, Series A (RB) 4.00%, 11/15/44 (c) | |
| 1,000 | | |
| 985,440 | |
Duluth Economic Development Authority, Minnesota Health Facilities, Series A (RB) 5.25%, 02/15/58 (c) | |
| 1,000 | | |
| 1,002,416 | |
Minneapolis St. Paul Metropolitan Airports Commission, Series A (RB) 5.00%, 01/01/52 (c) | |
| 1,000 | | |
| 1,023,635 | |
Minnesota Agricultural and Economic Development Board Health Care Facilities, Healthpartners Obligated Group (RB) 5.25%, 01/01/47 (c) | |
| 1,000 | | |
| 1,053,104 | |
Minnesota Housing Finance Agency Residential Housing, Series B (RB) 2.50%, 07/01/51 (c) | |
| 530 | | |
| 368,067 | |
Minnesota Housing Finance Agency Residential Housing, Series I (RB) 2.15%, 07/01/45 (c) | |
| 890 | | |
| 621,772 | |
Minnesota Housing Finance Agency Residential Housing, Series M (RB) 5.15%, 07/01/45 (c) | |
| 470 | | |
| 483,240 | |
| | |
| | | |
| 5,537,674 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Mississippi: 0.1% | |
| | | |
| | |
Mississippi Home Corp., Single Family Mortgage, Series C (RB) 4.85%, 12/01/54 (c) | |
$ | 1,000 | | |
$ | 1,007,427 | |
| Missouri: 0.6% | |
| | | |
| | |
| County of Jackson, Series A (RB) | |
| | | |
| | |
| 4.25%, 12/01/53 (c) | |
| 1,000 | | |
| 949,193 | |
| 4.38%, 12/01/58 (c) | |
| 1,000 | | |
| 958,548 | |
Missouri Housing Development Commission, Single Family Mortgage, Series G (RB) 4.35%, 11/01/44 (c) | |
| 495 | | |
| 496,964 | |
| Missouri State, Health & Educational Facilities Authority, Mercy Health, Series F (RB) | |
| | | |
| | |
| 4.25%, 04/01/55 (c) | |
| 1,000 | | |
| 944,399 | |
| 5.00%, 11/15/45 (c) | |
| 1,000 | | |
| 1,000,519 | |
| | |
| | | |
| 4,349,623 | |
| Nebraska: 0.7% | |
| | | |
| | |
City of Omaha and County of Douglas, Public Building, Series B (GO) 4.00%, 05/01/50 (c) | |
| 550 | | |
| 492,133 | |
Nebraska Investment Finance Authority, Single Family Housing, Series A (RB) 4.65%, 09/01/55 (c) | |
| 2,000 | | |
| 1,976,584 | |
Nebraska Investment Finance Authority, Single Family Housing, Series E (RB) 4.80%, 09/01/53 (c) | |
| 490 | | |
| 490,513 | |
Omaha Public Power District, Series B (RB) 5.00%, 02/01/50 (c) | |
| 1,000 | | |
| 1,044,596 | |
| University of Nebraska Facilities Corp., Series A (RB) | |
| | | |
| | |
| 4.00%, 07/15/59 (c) | |
| 750 | | |
| 652,345 | |
| 4.00%, 07/15/62 (c) | |
| 500 | | |
| 433,304 | |
| | |
| | | |
| 5,089,475 | |
| Nevada: 0.3% | |
| | | |
| | |
City of Henderson, Utility System, Series A-1 (GO) 4.00%, 06/01/50 (c) | |
| 675 | | |
| 617,012 | |
Las Vegas Convention and Visitors Authority, Series B (RB) 4.00%, 07/01/49 (c) | |
| 1,000 | | |
| 911,088 | |
Las Vegas Valley Water District, Series A (GO) 4.00%, 06/01/46 (c) | |
| 250 | | |
| 241,078 | |
| | |
| | | |
| 1,769,178 | |
| New Hampshire: 0.5% | |
| | | |
| | |
National Finance Authority Hospital, St. Lukes University Health Network Project, Series B (RB) (AG) 3.00%, 08/15/46 (c) | |
| 1,975 | | |
| 1,579,252 | |
| | |
Par
(000’s | ) | |
Value | |
| New Hampshire (continued) | |
| | | |
| | |
National Finance Authority, University of Nevada, Reno, Series A (RB) (BAM) 5.25%, 06/01/51 (c) | |
$ | 1,000 | | |
$ | 1,040,737 | |
New Hampshire Health and Education Facilities Authority, University System of New Hampshire (RB) (BAM) 5.00%, 07/01/56 (c) | |
| 1,000 | | |
| 1,032,768 | |
| | |
| | | |
| 3,652,757 | |
| New Jersey: 2.5% | |
| | | |
| | |
New Jersey Economic Development Authority School Facilities, Series FFF (RB) 4.62%, 06/15/48 (c) | |
| 1,000 | | |
| 1,003,561 | |
New Jersey Educational Facilities Authority, New Jersey Princeton University, Series B (RB) 5.25%, 03/01/54 (c) | |
| 1,000 | | |
| 1,064,913 | |
New Jersey Health Care Facilities Financing Authority, Atlanticare Health System (RB) 2.50%, 07/01/51 (c) | |
| 490 | | |
| 302,954 | |
New Jersey Housing and Mortgage Finance Agency, Single Family Housing (RB) 4.80%, 10/01/53 (c) | |
| 500 | | |
| 501,021 | |
New Jersey Housing and Mortgage Finance Agency, Single Family Housing, Series K (RB) 4.55%, 10/01/44 (c) | |
| 1,000 | | |
| 1,001,364 | |
New Jersey Housing and Mortgage Finance Agency, Single Family Housing, Series M (RB) 5.05%, 10/01/45 (c) | |
| 735 | | |
| 757,770 | |
| New Jersey Transportation Trust Fund Authority, Series AA (RB) | |
| | | |
| | |
| 4.00%, 06/15/45 (c) | |
| 1,500 | | |
| 1,428,772 | |
| 4.50%, 06/15/49 (c) | |
| 590 | | |
| 585,172 | |
| New Jersey Transportation Trust Fund Authority, Series BB (RB) | |
| | | |
| | |
| 3.50%, 06/15/46 (c) | |
| 365 | | |
| 316,450 | |
| 4.00%, 06/15/44 (c) | |
| 1,500 | | |
| 1,451,137 | |
| 5.00%, 06/15/46 (c) | |
| 1,000 | | |
| 1,050,475 | |
| 5.25%, 06/15/50 (c) | |
| 1,000 | | |
| 1,051,716 | |
New Jersey Transportation Trust Fund Authority, Series CC (RB) 5.25%, 06/15/50 (c) | |
| 1,000 | | |
| 1,057,310 | |
New Jersey Turnpike Authority, Series A (RB) | |
| | | |
| | |
4.00%, 01/01/48 (c) | |
| 1,000 | | |
| 969,790 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New Jersey (continued) | |
| | | |
| | |
| 4.00%, 01/01/51 (c) | |
$ | 1,000 | | |
$ | 951,750 | |
New Jersey Turnpike Authority, Series B (RB) 5.25%, 01/01/49 (c) | |
| 1,500 | | |
| 1,602,424 | |
South Jersey Transportation Authority, Transportation System, Series A (RB) 5.00%, 11/01/45 (c) | |
| 500 | | |
| 517,004 | |
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/46 (c) | |
| 1,715 | | |
| 1,702,044 | |
| | |
| | | |
| 17,315,627 | |
| New Mexico: 0.4% | |
| | | |
| | |
New Mexico Mortgage Finance Authority, Single Family Mortgage Program, Series C (RB) 4.95%, 09/01/45 (c) | |
| 745 | | |
| 767,484 | |
New Mexico Mortgage Finance Authority, Single Family Mortgage Program, Series F (RB) 3.05%, 07/01/44 (c) | |
| 290 | | |
| 246,781 | |
New Mexico Mortgage Finance Authority, Single Family Program, Series C (RB) 5.10%, 09/01/55 (c) | |
| 995 | | |
| 1,012,971 | |
New Mexico Mortgage Finance Authority, Single Family Program, Series I (RB) 5.05%, 09/01/50 (c) | |
| 995 | | |
| 1,013,240 | |
| | |
| | | |
| 3,040,476 | |
| New York: 19.2% | |
| | | |
| | |
City of New York, Series A (GO) 4.00%, 08/01/50 (c) | |
| 1,000 | | |
| 904,860 | |
City Of New York, Series A (GO) 5.00%, 08/01/45 (c) | |
| 1,000 | | |
| 1,069,318 | |
| City of New York, Series C (GO) | |
| | | |
| | |
| 5.00%, 09/01/48 (c) | |
| 4,625 | | |
| 4,787,504 | |
| 5.25%, 09/01/50 (c) | |
| 1,000 | | |
| 1,047,552 | |
City of New York, Series D (GO) 5.00%, 10/01/45 (c) | |
| 3,000 | | |
| 3,202,207 | |
| City of New York, Series D (GO) (BAM) | |
| | | |
| | |
| 4.00%, 03/01/50 (c) | |
| 1,000 | | |
| 905,535 | |
| 5.00%, 03/01/43 (c) | |
| 750 | | |
| 779,214 | |
City of New York, Series E (GO) 5.25%, 04/01/47 (c) | |
| 1,000 | | |
| 1,050,632 | |
City of New York, Series F (GO) 5.00%, 03/01/50 (c) | |
| 1,000 | | |
| 1,022,015 | |
| City of New York, Series G (GO) | |
| | | |
| | |
| 5.25%, 02/01/53 (c) | |
| 1,000 | | |
| 1,049,829 | |
| 5.25%, 02/01/53 (c) | |
| 2,500 | | |
| 2,614,813 | |
County of Monroe, Industrial Development Corp., University of Rochester Project, Series A (RB) 4.00%, 07/01/50 (c) | |
| 900 | | |
| 808,320 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
Dormitory Authority Of The State Of New York State Sales Tax, Series A (RB) 5.00%, 03/15/56 (c) | |
$ | 1,000 | | |
$ | 1,029,538 | |
Dormitory Authority of the State of New York, Series D (RB) 4.00%, 02/15/47 (c) | |
| 2,000 | | |
| 1,860,831 | |
Dutchess County Local Development Corp., Bard College Project, Series A (RB) 5.00%, 07/01/51 (c) | |
| 1,000 | | |
| 990,617 | |
Hudson Yards Infrastructure Corp., Series A (RB) (AG) 4.00%, 02/15/47 (c) | |
| 1,000 | | |
| 922,280 | |
Long Island Power Authority, Electric System, Series B (RB) 5.00%, 09/01/45 (c) | |
| 1,000 | | |
| 1,000,562 | |
Metropolitan Transportation Authority Dedicated Tax Fund, Series A (RB) 5.00%, 11/15/48 (c) | |
| 1,180 | | |
| 1,217,228 | |
Metropolitan Transportation Authority Dedicated Tax Fund, Series B (RB) 5.00%, 11/15/43 (c) | |
| 1,000 | | |
| 1,073,324 | |
| Metropolitan Transportation Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 11/15/51 (c) | |
| 1,000 | | |
| 895,373 | |
| 5.25%, 11/15/49 (c) | |
| 1,500 | | |
| 1,563,587 | |
Metropolitan Transportation Authority, Series A (RB) (AG) 5.00%, 11/15/44 (c) | |
| 715 | | |
| 731,938 | |
| Metropolitan Transportation Authority, Series A-1 (RB) | |
| | | |
| | |
| 4.00%, 11/15/43 (c) | |
| 400 | | |
| 373,839 | |
| 4.00%, 11/15/49 (c) | |
| 1,000 | | |
| 881,607 | |
Metropolitan Transportation Authority, Series B-1 (RB) 5.00%, 11/15/51 (c) | |
| 500 | | |
| 501,397 | |
Metropolitan Transportation Authority, Series C-1 (RB) 5.25%, 11/15/56 (c) | |
| 1,050 | | |
| 1,051,176 | |
Metropolitan Transportation Authority, Series D (RB) 4.00%, 11/15/46 (c) | |
| 250 | | |
| 228,543 | |
Monroe County Industrial Development Corp. Rochester Regional Health Project, Series A (RB) 4.00%, 12/01/46 (c) | |
| 650 | | |
| 564,901 | |
| MTA Hudson Rail Yards Trust, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/51 (c) | |
| 1,000 | | |
| 995,112 | |
| 5.00%, 11/15/56 (c) | |
| 1,000 | | |
| 990,357 | |
New York City Environmental Facilities, Clean Water and Drinking Water, Series B (RB) 4.00%, 06/15/49 (c) | |
| 500 | | |
| 476,241 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New York City Housing Development Corp., Housing Impact, Series A (RB) 4.80%, 02/01/53 (c) | |
$ | 500 | | |
$ | 499,251 | |
| New York City Housing Development Corp., Multi-Family Housing, Series A-1 (RB) | |
| | | |
| | |
| 4.75%, 11/01/54 (c) | |
| 1,000 | | |
| 987,110 | |
| 4.85%, 11/01/53 (c) | |
| 1,500 | | |
| 1,504,596 | |
New York City Housing Development Corp., Multi-Family Housing, Series E-1 (RB) 4.85%, 11/01/53 (c) | |
| 750 | | |
| 752,495 | |
New York City Housing Development Corp., Multi-Family Housing, Series F-1 (RB) 4.55%, 11/01/54 (c) | |
| 1,000 | | |
| 987,603 | |
New York City Housing Development Corp., Multi-Family Housing, Series J (RB) 3.05%, 11/01/49 (c) | |
| 555 | | |
| 415,455 | |
New York City Municipal Water Finance Authority, Series DD (RB) 4.12%, 06/15/46 (c) | |
| 1,000 | | |
| 972,599 | |
| New York City Municipal Water Finance Authority, Water and Sewer System, Series AA (RB) | |
| | | |
| | |
| 4.00%, 06/15/50 (c) | |
| 1,000 | | |
| 920,110 | |
| 5.00%, 06/15/48 (c) | |
| 850 | | |
| 881,618 | |
| New York City Municipal Water Finance Authority, Water and Sewer System, Series BB (RB) | |
| | | |
| | |
| 4.00%, 06/15/44 (c) | |
| 1,500 | | |
| 1,469,360 | |
| 4.00%, 06/15/45 (c) | |
| 2,000 | | |
| 1,939,410 | |
| 5.00%, 06/15/44 (c) | |
| 955 | | |
| 1,012,787 | |
| 5.00%, 06/15/49 (c) | |
| 1,000 | | |
| 1,029,388 | |
| New York City Municipal Water Finance Authority, Water and Sewer System, Series CC (RB) | |
| | | |
| | |
| 3.75%, 06/15/47 (c) | |
| 710 | | |
| 628,164 | |
| 4.00%, 06/15/45 (c) | |
| 1,500 | | |
| 1,454,802 | |
| 5.00%, 06/15/52 (c) | |
| 1,000 | | |
| 1,031,508 | |
| 5.25%, 06/15/54 (c) | |
| 1,500 | | |
| 1,576,849 | |
New York City Municipal Water Finance Authority, Water and Sewer System, Series CC (RB) (FHA) 5.00%, 06/15/51 (c) | |
| 500 | | |
| 515,678 | |
New York City Municipal Water Finance Authority, Water and Sewer System, Series DD (RB) 4.12%, 06/15/47 (c) | |
| 1,000 | | |
| 959,926 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New York City Municipal Water Finance Authority, Water and Sewer System, Series EE (RB) 5.00%, 06/15/45 (c) | |
$ | 1,000 | | |
$ | 1,057,960 | |
New York City Transitional Finance Authority Building Aid, Series S-1 (RB) (SAW) 3.00%, 07/15/49 (c) | |
| 350 | | |
| 260,973 | |
New York City Transitional Finance Authority Future Tax Secured Tax-Exempt, Series E (RB) 5.00%, 11/01/46 (c) | |
| 1,500 | | |
| 1,581,137 | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B (RB) | |
| | | |
| | |
| 4.38%, 05/01/53 (c) | |
| 500 | | |
| 479,503 | |
| 5.00%, 05/01/45 (c) | |
| 2,000 | | |
| 2,142,349 | |
| 5.25%, 05/01/50 (c) | |
| 1,000 | | |
| 1,046,846 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB) 3.00%, 11/01/47 (c) | |
| 1,930 | | |
| 1,464,589 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C (RB) 5.25%, 05/01/48 (c) | |
| 1,000 | | |
| 1,054,509 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB) 4.00%, 05/01/44 (c) | |
| 1,000 | | |
| 962,809 | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series D (RB) | |
| | | |
| | |
| 5.00%, 05/01/49 (c) | |
| 1,085 | | |
| 1,121,212 | |
| 5.00%, 05/01/50 (c) | |
| 1,200 | | |
| 1,235,418 | |
| 5.25%, 05/01/48 (c) | |
| 1,750 | | |
| 1,853,373 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series D-1 (RB) 4.00%, 11/01/47 (c) | |
| 500 | | |
| 459,660 | |
| New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB) | |
| | | |
| | |
| 2.25%, 02/01/51 (c) | |
| 650 | | |
| 392,162 | |
| 4.00%, 02/01/44 (c) | |
| 1,000 | | |
| 959,015 | |
| 5.00%, 02/01/43 (c) | |
| 1,000 | | |
| 1,009,697 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series F-1 (RB) | |
| | | |
| | |
4.00%, 02/01/51 (c) | |
| 1,000 | | |
| 902,637 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| 5.25%, 02/01/47 (c) | |
$ | 1,000 | | |
$ | 1,053,629 | |
New York City Water and Sewer System, Series BB (RB) 4.00%, 06/15/50 (c) | |
| 640 | | |
| 588,871 | |
New York City, Series D (GO) 4.00%, 04/01/50 (c) | |
| 1,000 | | |
| 916,638 | |
New York City, Series D-1 (GO) 5.00%, 12/01/43 (c) | |
| 1,000 | | |
| 1,026,170 | |
New York Liberty Development Corp., 1 World Trade Center Project (RB) 4.00%, 02/15/43 (c) | |
| 620 | | |
| 602,212 | |
New York Liberty Development Corp., 4 World Trade Center Project, Series A (RB) (BAM) 3.00%, 11/15/51 (c) | |
| 2,125 | | |
| 1,550,803 | |
New York Liberty Development Corp., 7 World Trade Center Project, Series A (RB) 3.00%, 09/15/43 (c) | |
| 1,495 | | |
| 1,246,872 | |
| New York State Dormitory Authority (RB) | |
| | | |
| | |
| 5.00%, 03/15/43 (c) | |
| 1,075 | | |
| 1,176,337 | |
| 5.00%, 03/15/44 (c) | |
| 1,000 | | |
| 1,092,303 | |
| 5.00%, 03/15/45 (c) | |
| 3,000 | | |
| 3,218,266 | |
| 5.00%, 03/15/45 (c) | |
| 1,000 | | |
| 1,080,856 | |
| 5.00%, 07/01/46 (c) | |
| 1,500 | | |
| 1,614,324 | |
| 5.00%, 03/15/50 (c) | |
| 1,785 | | |
| 1,858,702 | |
| 5.25%, 03/15/46 (c) | |
| 1,000 | | |
| 1,086,423 | |
New York State Dormitory Authority, Memorial Sloan Kettering Cancer Center, Series 1 (RB) 5.25%, 07/01/54 (c) | |
| 2,000 | | |
| 2,131,952 | |
New York State Dormitory Authority, New School, Series A (RB) 4.00%, 07/01/43 (c) | |
| 475 | | |
| 437,865 | |
New York State Dormitory Authority, New York University, Series A (RB) 5.00%, 07/01/49 (c) | |
| 1,000 | | |
| 1,026,167 | |
| New York State Dormitory Authority, Personal Income Tax, Series A (RB) | |
| | | |
| | |
| 5.00%, 03/15/49 (c) | |
| 500 | | |
| 513,285 | |
| 5.25%, 03/15/52 (c) | |
| 800 | | |
| 840,232 | |
New York State Dormitory Authority, Sales Tax, Series E (RB) 5.00%, 03/15/48 (c) | |
| 500 | | |
| 510,268 | |
New York State Dormitory Authority, Series A (GO) 5.00%, 08/01/46 (c) | |
| 2,000 | | |
| 2,107,478 | |
New York State Dormitory Authority, St. John’s University, Series A (RB) 4.00%, 07/01/48 (c) | |
| 550 | | |
| 481,025 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| New York State Dormitory Authority, State Sales Tax, Series A (RB) | |
| | | |
| | |
| 4.00%, 03/15/47 (c) | |
$ | 800 | | |
$ | 729,324 | |
| 4.00%, 03/15/49 (c) | |
| 1,000 | | |
| 927,696 | |
| 5.00%, 03/15/45 (c) | |
| 1,000 | | |
| 1,022,047 | |
| 5.00%, 03/15/49 (c) | |
| 1,000 | | |
| 1,041,079 | |
New York State Dormitory Authority, White Plains Hospital (RB) (AG) 5.50%, 10/01/54 (c) | |
| 2,250 | | |
| 2,378,968 | |
New York State Mortgage Agency, Homeowner Mortgage (RB) 4.90%, 10/01/53 (c) | |
| 1,310 | | |
| 1,321,377 | |
New York State Mortgage Agency, Homeowner Mortgage (RB) (SBG) 2.55%, 04/01/50 (c) | |
| 330 | | |
| 235,873 | |
New York State Power Authority, Series A (RB) 4.00%, 11/15/50 (c) | |
| 500 | | |
| 458,383 | |
New York State Thruway Authority, Junior Indebtedness, Series B (RB) 4.00%, 01/01/45 (c) | |
| 1,440 | | |
| 1,353,347 | |
New York State Thruway Authority, Personal Income Tax, Series A (RB) 4.00%, 03/15/55 (c) | |
| 500 | | |
| 445,005 | |
New York State Thruway Authority, Series P (RB) 5.25%, 01/01/54 (c) | |
| 1,000 | | |
| 1,056,543 | |
| New York State Urban Development Corp., Personal Income Tax, Series A (RB) | |
| | | |
| | |
| 4.00%, 03/15/53 (c) | |
| 1,000 | | |
| 917,711 | |
| 5.00%, 03/15/43 (c) | |
| 500 | | |
| 517,333 | |
| 5.00%, 03/15/63 (c) | |
| 2,000 | | |
| 2,051,670 | |
| New York State Urban Development Corp., Personal Income Tax, Series C (RB) | |
| | | |
| | |
| 3.00%, 03/15/48 (c) | |
| 550 | | |
| 411,271 | |
| 5.00%, 03/15/47 (c) | |
| 2,000 | | |
| 2,080,352 | |
New York State Urban Development Corp., Personal Income Tax, Series E (RB) 3.00%, 03/15/49 (c) | |
| 1,735 | | |
| 1,283,358 | |
New York State Urban Development Corp., State Sales Tax, Series A (RB) 3.00%, 03/15/50 (c) | |
| 1,000 | | |
| 731,953 | |
New York State, Dormitory Authority, Personal Income Tax, Series D (RB) 5.00%, 02/15/48 (c) | |
| 820 | | |
| 848,065 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
Onondaga Civic Development Corp., Syracuse University Project (RB) 5.50%, 12/01/56 (c) | |
$ | 1,000 | | |
$ | 1,081,422 | |
Port Authority of New York & New Jersey (RB) 5.00%, 09/01/49 (c) | |
| 1,000 | | |
| 1,055,889 | |
Triborough Bridge and Tunnel Authority Sales Tax, Series A (RB) 4.25%, 05/15/58 (c) | |
| 1,000 | | |
| 949,290 | |
| Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/44 (c) | |
| 750 | | |
| 815,269 | |
| 5.25%, 12/01/47 (c) | |
| 1,000 | | |
| 1,076,893 | |
| Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series B (RB) | |
| | | |
| | |
| 5.00%, 05/15/56 (c) | |
| 500 | | |
| 504,787 | |
| 5.25%, 11/15/53 (c) | |
| 750 | | |
| 788,002 | |
| 5.25%, 05/15/54 (c) | |
| 2,000 | | |
| 2,103,168 | |
| Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series C (RB) | |
| | | |
| | |
| 4.00%, 05/15/51 (c) | |
| 750 | | |
| 675,498 | |
| 5.00%, 05/15/51 (c) | |
| 1,000 | | |
| 1,029,819 | |
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series D (RB) 4.50%, 05/15/47 (c) | |
| 500 | | |
| 500,706 | |
| Triborough Bridge and Tunnel Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/49 (c) | |
| 1,000 | | |
| 1,033,514 | |
| 5.00%, 11/15/51 (c) | |
| 500 | | |
| 514,691 | |
| 5.25%, 12/01/54 (c) | |
| 1,000 | | |
| 1,059,604 | |
| 5.50%, 12/01/59 (c) | |
| 1,500 | | |
| 1,611,671 | |
| | |
| | | |
| 134,885,064 | |
| North Carolina: 1.1% | |
| | | |
| | |
North Carolina Housing Finance Agency, Home Ownership, Series A (RB) 4.38%, 07/01/44 (c) | |
| 990 | | |
| 995,150 | |
North Carolina Medical Care Commission Retirement Facilities First Mortgage, Series A (RB) 5.25%, 11/01/46 (c) | |
| 750 | | |
| 777,707 | |
| North Carolina Turnpike Authority, Triangle Expressway System (RB) | |
| | | |
| | |
| 5.00%, 01/01/44 (c) | |
| 500 | | |
| 513,972 | |
| 5.00%, 01/01/49 (c) | |
| 750 | | |
| 759,148 | |
North Carolina Turnpike Authority, Triangle Expressway System, Series A (RB) (AG) 5.00%, 01/01/58 (c) | |
| 3,350 | | |
| 3,406,905 | |
| | |
Par
(000’s | ) | |
Value | |
| North Carolina (continued) | |
| | | |
| | |
Town of Holly Springs, North Carolina (RB) 5.00%, 11/01/55 (c) | |
$ | 1,000 | | |
$ | 1,044,926 | |
| | |
| | | |
| 7,497,808 | |
| North Dakota: 0.3% | |
| | | |
| | |
City of Grand Forks, Altru Health System, Series A (RB) (AG) 5.00%, 12/01/53 (c) | |
| 1,000 | | |
| 1,012,363 | |
North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series A (RB) 4.70%, 07/01/47 (c) | |
| 1,000 | | |
| 993,255 | |
| | |
| | | |
| 2,005,618 | |
| Ohio: 2.6% | |
| | | |
| | |
| Buckeye Tobacco Settlement Financing Authority, Series A-2 (RB)
4.00%, 06/01/48 (c)
| |
| 1,000 | | |
| 869,576 | |
| County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB) | |
| | | |
| | |
| 5.00%, 02/15/57 (c) | |
| 1,000 | | |
| 927,198 | |
| 5.25%, 02/15/47 (c) | |
| 500 | | |
| 500,140 | |
| 5.50%, 02/15/57 (c) | |
| 500 | | |
| 500,061 | |
County of Franklin, Hospital Facilities (RB) 4.12%, 05/15/45 (c) | |
| 250 | | |
| 243,945 | |
County of Franklin, Hospital Facilities, Series A (RB) (XLCA) 4.00%, 05/15/47 (c) | |
| 250 | | |
| 230,403 | |
County of Franklin, Nationwide Children’s Hospital Project, Series A (RB) 5.00%, 11/01/48 | |
| 1,000 | | |
| 1,078,595 | |
County of Hamilton, Ohio Healthcare Improvement, Life Enriching Communities Project (RB) 5.00%, 01/01/46 (c) | |
| 250 | | |
| 248,175 | |
Northeast Ohio Regional Sewer District, Wastewater Improvement (RB) 4.00%, 11/15/43 (c) | |
| 1,000 | | |
| 1,000,261 | |
| Ohio State University, Series A (RB) | |
| | | |
| | |
| 3.00%, 12/01/44 (c) | |
| 3,000 | | |
| 2,430,614 | |
| 4.00%, 12/01/48 (c) | |
| 1,000 | | |
| 956,501 | |
Ohio Water Development Authority Water Pollution Control Loan Fund (RB) 5.00%, 12/01/44 (c) | |
| 750 | | |
| 815,438 | |
| Ohio Water Development Authority, Drinking Water Assistance, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/43 (c) | |
| 1,500 | | |
| 1,647,434 | |
| 5.25%, 12/01/45 (c) | |
| 1,500 | | |
| 1,650,171 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Ohio (continued) | |
| | | |
| | |
Port of Greater Cincinnati Development Authority, Duke Energy Convention Center Project, Series B (RB) 5.00%, 12/01/53 (c) | |
$ | 500 | | |
$ | 505,220 | |
State of Ohio (GO) 5.00%, 05/01/45 (c) | |
| 3,000 | | |
| 3,221,005 | |
University of Cincinnati, Series A (RB) 5.25%, 06/01/49 (c) | |
| 1,500 | | |
| 1,576,820 | |
| | |
| | | |
| 18,401,557 | |
| Oklahoma: 1.1% | |
| | | |
| | |
Oklahoma Capitol Improvement Authority, Oklahoma Department of Transportation, Series A (RB) 5.25%, 07/01/56 (c) | |
| 1,000 | | |
| 1,062,920 | |
Oklahoma Housing Finance Agency, Single Family Mortgage, Series B (RB) 4.88%, 09/01/45 (c) | |
| 1,000 | | |
| 1,024,239 | |
Oklahoma Municipal Power Authority, Power Supply System, Series A (RB) (AG) 5.25%, 01/01/51 (c) | |
| 1,000 | | |
| 1,063,373 | |
| Oklahoma Turnpike Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 01/01/48 (c) | |
| 700 | | |
| 672,117 | |
| 5.50%, 01/01/54 (c) | |
| 750 | | |
| 807,298 | |
Oklahoma Water Resources Board State Loan Program, Series C (RB) 4.50%, 10/01/55 (c) | |
| 1,210 | | |
| 1,208,094 | |
Oklahoma Water Resources Board, Series C (RB) 4.00%, 10/01/49 (c) | |
| 750 | | |
| 704,046 | |
University of Oklahoma, Series A (RB) (BAM) 5.00%, 07/01/49 (c) | |
| 835 | | |
| 866,105 | |
| | |
| | | |
| 7,408,192 | |
| Oregon: 1.0% | |
| | | |
| | |
City of Portland, Oregon Second Lien, Series A (RB) 5.00%, 10/01/54 (c) | |
| 750 | | |
| 782,146 | |
Oregon Health and Science University, Series A (RB) 4.00%, 07/01/51 (c) | |
| 1,000 | | |
| 895,581 | |
State of Oregon, Interstate 5 Bridge Replacement Project, Series E (GO) 5.00%, 05/15/50 (c) | |
| 1,000 | | |
| 1,030,972 | |
| State of Oregon, Series A (GO) | |
| | | |
| | |
| 5.25%, 05/01/45 (c) | |
| 1,000 | | |
| 1,107,374 | |
| 5.25%, 05/01/50 (c) | |
| 1,000 | | |
| 1,074,388 | |
Tri-County Metropolitan Transportation District of Oregon, Series A (RB) 3.00%, 09/01/44 (c) | |
| 935 | | |
| 780,122 | |
| | |
Par
(000’s | ) | |
Value | |
| Oregon (continued) | |
| | | |
| | |
University of Oregon, Series A (RB) 5.00%, 04/01/50 (c) | |
$ | 1,000 | | |
$ | 1,028,432 | |
| | |
| | | |
| 6,699,015 | |
| Pennsylvania: 3.5% | |
| | | |
| | |
Allegheny County Sanitary Authority (RB) 5.00%, 12/01/45 (c) | |
| 1,000 | | |
| 1,074,694 | |
Chester County Health and Education Facilities Authority, Main Line Health System, Series A (RB) 4.00%, 09/01/50 (c) | |
| 645 | | |
| 566,037 | |
City of Philadelphia, Pennsylvania Gas Works (RB) 5.00%, 08/01/47 (c) | |
| 805 | | |
| 812,229 | |
| City of Philadelphia, Pennsylvania Water & Wastewater, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/47 (c) | |
| 500 | | |
| 505,425 | |
| 5.00%, 10/01/52 (c) | |
| 500 | | |
| 503,956 | |
| City of Philadelphia, Pennsylvania Water & Wastewater, Series C (RB) (AG) | |
| | | |
| | |
| 5.25%, 09/01/49 (c) | |
| 500 | | |
| 533,396 | |
| 5.25%, 09/01/54 (c) | |
| 500 | | |
| 526,432 | |
Commonwealth of Pennsylvania (GO) 4.00%, 08/15/43 (c) | |
| 1,000 | | |
| 1,001,689 | |
Commonwealth of Pennsylvania, Series A (CP) (FHA) 4.00%, 07/01/46 (c) | |
| 1,170 | | |
| 1,088,182 | |
Geisinger Authority, Health System, Series A (RB) 5.00%, 04/01/50 (c) | |
| 2,750 | | |
| 2,781,632 | |
Lancaster County, Hospital Authority, Penn State Health (RB) 5.00%, 11/01/51 (c) | |
| 1,000 | | |
| 1,008,210 | |
Pennsylvania Economic Development Financing Authority, Presbyterian Senior Living Project, Series B-2 (RB) 5.25%, 07/01/46 (c) | |
| 1,000 | | |
| 1,019,568 | |
Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Series B-1 (RB) (AG) 4.25%, 11/01/48 (c) | |
| 1,000 | | |
| 937,804 | |
| Pennsylvania Housing Finance Agency, Single Family Mortgage, Series A (RB) | |
| | | |
| | |
| 4.75%, 04/01/53 (c) | |
| 1,000 | | |
| 1,003,572 | |
| 4.80%, 10/01/51 (c) | |
| 1,000 | | |
| 1,007,330 | |
| 4.85%, 10/01/43 (c) | |
| 500 | | |
| 515,354 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania (continued) | |
| | | |
| | |
| 5.00%, 10/01/43 (c) | |
$ | 1,000 | | |
$ | 1,052,213 | |
Pennsylvania State University (RB) 5.25%, 09/01/53 (c) | |
| 1,000 | | |
| 1,050,933 | |
Pennsylvania Turnpike Commission, Oil Franchise Tax, Series A (RB) (AG) 5.00%, 12/01/48 (c) | |
| 290 | | |
| 295,652 | |
| Pennsylvania Turnpike Commission, Oil Franchise Tax, Series A (RB) (BAM) | |
| | | |
| | |
| 3.00%, 12/01/51 (c) | |
| 1,000 | | |
| 726,990 | |
| 4.00%, 12/01/51 (c) | |
| 1,000 | | |
| 909,584 | |
Pennsylvania Turnpike Commission, Series A (RB) (AG) 4.00%, 12/01/49 (c) | |
| 1,045 | | |
| 969,970 | |
Pennsylvania Turnpike Commission, Series A-1 (RB) 5.00%, 12/01/47 (c) | |
| 900 | | |
| 911,279 | |
| Pennsylvania Turnpike Commission, Series B (RB) | |
| | | |
| | |
| 4.00%, 12/01/46 (c) | |
| 1,250 | | |
| 1,175,708 | |
| 5.00%, 12/01/45 (c) | |
| 800 | | |
| 837,117 | |
Philadelphia Authority for Industrial Development, Children’s Hospital, Series A (RB) 5.50%, 07/01/53 (c) | |
| 500 | | |
| 534,335 | |
Upper Merion Area School District, Series A (GO) (SAW) 4.00%, 01/15/46 (c) | |
| 1,105 | | |
| 1,076,074 | |
| | |
| | | |
| 24,425,365 | |
| Rhode Island: 0.2% | |
| | | |
| | |
Providence Public Building Authority, Capital Improvement Program, Series A (RB) (AG) 5.25%, 09/15/44 (c) | |
| 750 | | |
| 809,801 | |
Rhode Island Health and Educational Building Corp. (RB) (AG) 5.62%, 07/01/65 (c) | |
| 600 | | |
| 611,252 | |
| | |
| | | |
| 1,421,053 | |
| South Carolina: 1.2% | |
| | | |
| | |
South Carolina Jobs-Economic Development Authority, Mercy Health, Series A (RB) 4.00%, 12/01/44 (c) | |
| 855 | | |
| 792,237 | |
| South Carolina Jobs-Economic Development Authority, Novant Health, Series A (RB) | |
| | | |
| | |
| 4.25%, 11/01/47 (c) | |
| 750 | | |
| 716,777 | |
| 4.50%, 11/01/54 (c) | |
| 500 | | |
| 482,573 | |
South Carolina Jobs-Economic Development Authority, Prisma Health, Series A (RB) 5.00%, 05/01/48 (c) | |
| 1,000 | | |
| 1,006,437 | |
| | |
Par
(000’s | ) | |
Value | |
| South Carolina (continued) | |
| | | |
| | |
| South Carolina Public Service Authority, Santee Cooper, Series A (RB) | |
| | | |
| | |
| 4.00%, 12/01/52 (c) | |
$ | 500 | | |
$ | 443,752 | |
| 5.25%, 12/01/49 (c) | |
| 1,000 | | |
| 1,059,993 | |
South Carolina Public Service Authority, Series A (RB) (AG) 5.00%, 12/01/55 (c) | |
| 2,000 | | |
| 2,045,425 | |
South Carolina Public Service Authority, Series E (RB) 5.25%, 12/01/55 (c) | |
| 1,000 | | |
| 1,000,178 | |
University of South Carolina, Campus Village Project, Series A (RB) 5.00%, 05/01/46 (c) | |
| 820 | | |
| 863,346 | |
| | |
| | | |
| 8,410,718 | |
| South Dakota: 0.4% | |
| | | |
| | |
South Dakota Conservancy District, Series B (RB) 5.00%, 08/01/56 (c) | |
| 1,000 | | |
| 1,042,948 | |
South Dakota Housing Development Authority Homeownership Mortgage, Series A (RB) 4.65%, 11/01/46 (c) | |
| 1,000 | | |
| 992,094 | |
South Dakota Housing Development Authority, Homeownership Mortgage, Series C (RB) 6.25%, 11/01/55 (c) | |
| 980 | | |
| 1,090,318 | |
| | |
| | | |
| 3,125,360 | |
| Tennessee: 0.5% | |
| | | |
| | |
Chattanooga Health Educational & Housing Facility Board (RB) 5.25%, 12/01/49 (c) | |
| 1,000 | | |
| 1,045,012 | |
Metropolitan Government of Nashville and Davidson County, Vanderbilt University Medical Center, Series A (RB) 5.00%, 07/01/46 (c) | |
| 1,500 | | |
| 1,505,522 | |
Tennessee Housing Development Agency, Residential Finance Program (RB) 2.95%, 07/01/49 (c) | |
| 335 | | |
| 253,590 | |
Tennessee Housing Development Agency, Residential Finance Program, Series A (RB) 5.40%, 07/01/53 (c) | |
| 1,000 | | |
| 1,024,902 | |
| | |
| | | |
| 3,829,026 | |
| Texas: 13.4% | |
| | | |
| | |
Arlington Higher Education Finance Corp., Harmony Public Schools, Series A (RB) 3.00%, 02/15/46 (c) | |
| 1,000 | | |
| 773,458 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Arlington Higher Education Finance Corp., Lifeschool of Dallas (RB) 4.12%, 08/15/49 (c) | |
$ | 1,000 | | |
$ | 938,539 | |
Arlington Higher Education Finance Corp., Riverwalk Education Foundation, Inc. (RB) 4.00%, 08/15/44 (c) | |
| 675 | | |
| 638,784 | |
Arlington Texas, Higher Education Finance Corp., Riverwalk Education Foundation, Inc. (RB) 4.50%, 08/15/55 (c) | |
| 1,000 | | |
| 988,184 | |
| Austin Independent School District, Unlimited Tax School Building (GO) | |
| | | |
| | |
| 4.00%, 08/01/44 (c) | |
| 750 | | |
| 734,127 | |
| 4.00%, 08/01/48 (c) | |
| 1,000 | | |
| 933,102 | |
| Board Of Regents Of The University Of Texas System Revenue Financing System, Series A (RB) | |
| | | |
| | |
| 4.00%, 08/15/44 (c) | |
| 1,000 | | |
| 984,174 | |
| 5.00%, 08/15/43 (c) | |
| 1,000 | | |
| 1,109,918 | |
Central Texas Regional Mobility Authority, Senior Lien, Series E (RB) 5.00%, 01/01/45 (c) | |
| 750 | | |
| 771,734 | |
City of Austin, Texas (RB) 5.00%, 11/15/55 (c) | |
| 1,000 | | |
| 1,033,332 | |
City of Austin, Texas Electricity Utility System, Series A (RB) 5.00%, 11/15/49 (c) | |
| 1,375 | | |
| 1,401,095 | |
City of Austin, Texas Electricity Utility System, Series B (GO) 5.00%, 09/01/44 (c) | |
| 1,000 | | |
| 1,096,354 | |
City of Austin, Texas Public Improvement (GO) 5.00%, 09/01/43 (c) | |
| 1,000 | | |
| 1,105,451 | |
City of Austin, Waterwaste System (RB) 5.00%, 11/15/43 (c) | |
| 1,000 | | |
| 1,077,174 | |
City of Corpus Christi, Texas Utility System (RB) 5.00%, 07/15/49 (c) | |
| 1,000 | | |
| 1,020,192 | |
| City of Corpus Christi, Texas Utility System (RB) (AG) | |
| | | |
| | |
| 5.00%, 07/15/43 (c) | |
| 1,000 | | |
| 1,079,880 | |
| 5.00%, 07/15/45 (c) | |
| 1,000 | | |
| 1,057,762 | |
City of El Paso, Texas Combination Tax (GO) 4.00%, 08/15/45 (c) | |
| 950 | | |
| 911,198 | |
| City of Houston, Texas, Convention & Entertainment Facilities Department, Series C (RB) (AG) | |
| | | |
| | |
| 0.00%, 09/01/49 (c) ^ | |
| 5,000 | | |
| 1,543,878 | |
| 5.25%, 09/01/51 (c) | |
| 1,200 | | |
| 1,269,862 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
| 5.50%, 09/01/58 (c) | |
$ | 4,490 | | |
$ | 4,781,759 | |
City of Lubbock, Texas Electric Light & Power System (RB) 4.00%, 04/15/46 (c) | |
| 650 | | |
| 605,740 | |
City of Royse, Independent School District (GO) 5.00%, 02/15/48 (c) | |
| 950 | | |
| 985,026 | |
City of San Antonio, Texas Electric & Gas Systems (RB) 5.00%, 02/01/44 (c) | |
| 500 | | |
| 526,761 | |
City of San Antonio, Texas Electric & Gas Systems, Series B (RB) 5.00%, 02/01/54 (c) | |
| 2,000 | | |
| 2,046,874 | |
City of San Antonio, Texas Electric & Gas Systems, Series D (RB) 5.25%, 02/01/54 (c) | |
| 2,000 | | |
| 2,092,105 | |
City of Seguin, Texas Combination Tax and Limited Pledge (GO) 5.25%, 09/01/58 (c) | |
| 1,000 | | |
| 1,037,604 | |
Clifton Higher Education Finance Corp. (RB) 4.00%, 08/15/44 (c) | |
| 1,000 | | |
| 967,056 | |
| Conroe Independent School District, Unlimited Tax School (GO) | |
| | | |
| | |
| 4.25%, 02/15/50 (c) | |
| 750 | | |
| 718,740 | |
| 5.00%, 02/15/49 (c) | |
| 1,000 | | |
| 1,043,582 | |
Crowley Independent School District (GO) 5.00%, 02/01/49 (c) | |
| 1,000 | | |
| 1,040,186 | |
| Dallas Fort Worth International Airport (RB) | |
| | | |
| | |
| 5.25%, 11/01/43 (c) | |
| 1,500 | | |
| 1,661,928 | |
| 5.25%, 11/01/50 (c) | |
| 1,500 | | |
| 1,589,951 | |
Dallas Fort Worth International Airport, Series B (RB) 4.00%, 11/01/45 (c) | |
| 1,000 | | |
| 957,050 | |
| Dallas Independent School District, Unlimited Tax School Building (GO) | |
| | | |
| | |
| 4.00%, 02/15/53 (c) | |
| 1,000 | | |
| 913,524 | |
| 4.00%, 02/15/54 (c) | |
| 1,500 | | |
| 1,364,595 | |
| 5.00%, 02/15/49 (c) | |
| 1,000 | | |
| 1,039,952 | |
Denton Independent School District, Unlimited Tax School Building (GO) 5.00%, 08/15/48 (c) | |
| 1,000 | | |
| 1,042,589 | |
East Montgomery County, Improvement District Sales Tax (RB) (AG) 5.25%, 08/15/49 (c) | |
| 750 | | |
| 791,523 | |
El Paso Independent School District, Unlimited Tax School Building (GO) 4.00%, 08/15/48 (c) | |
| 795 | | |
| 730,785 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Ford Bens County, Unlimited Tax Road (GO) 5.25%, 03/01/53 (c) | |
$ | 1,000 | | |
$ | 1,051,696 | |
Grand Parkway Transportation Corp. System, First Tier Toll, Series C (RB) 4.00%, 10/01/49 (c) | |
| 770 | | |
| 694,414 | |
Grand Parkway Transportation Corp. System, Subordinate Tier Toll, Series A (RB) 5.00%, 10/01/48 (c) | |
| 640 | | |
| 650,850 | |
Harris County, Cultural Education Facilities Finance Corp., Houston Methodist Hospital (RB) 4.00%, 12/01/45 (c) | |
| 590 | | |
| 554,285 | |
Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 4.00%, 10/01/47 (c) | |
| 1,000 | | |
| 917,243 | |
Harris County, Flood Control District, Series A (GO) 4.00%, 10/01/45 (c) | |
| 500 | | |
| 481,464 | |
Harris County, Texas Toll Road, Series A (RB) 4.00%, 08/15/48 (c) | |
| 1,000 | | |
| 926,573 | |
Hurst-Euless-Bedford Independent School District (GO) 5.00%, 08/15/43 (c) | |
| 1,000 | | |
| 1,086,206 | |
Joshua Independent School District (GO) 4.00%, 08/15/49 (c) | |
| 750 | | |
| 690,831 | |
| Katy Independent School District (GO) | |
| | | |
| | |
| 4.75%, 02/15/55 (c) | |
| 1,000 | | |
| 1,010,161 | |
| 5.25%, 02/15/54 (c) | |
| 1,000 | | |
| 1,054,997 | |
Keller Independent School District (GO) 4.00%, 02/15/47 (c) | |
| 1,000 | | |
| 943,041 | |
Lamar Consolidated Independent School District (GO) (AG) 5.50%, 02/15/58 (c) | |
| 2,000 | | |
| 2,117,161 | |
Liberty Hill Independent School District (GO) 5.00%, 02/01/54 (c) | |
| 1,885 | | |
| 1,945,431 | |
Lower Colorado River Authority (RB) 5.25%, 05/15/44 (c) | |
| 1,000 | | |
| 1,106,300 | |
Lower Colorado River Authority Transmission, LCRA Transmission Services Corp. Project, Series A (RB) 5.25%, 05/15/50 (c) | |
| 500 | | |
| 528,151 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Lower Colorado River Authority Transmission, LCRA Transmission Services Corp. Project, Series S (RB) 5.00%, 05/15/43 (c) | |
$ | 500 | | |
$ | 510,749 | |
Mesquite Independent School District (GO) 5.00%, 08/15/45 (c) | |
| 1,675 | | |
| 1,799,975 | |
North Texas Tollway Authority System, Second Tier (RB) 4.25%, 01/01/49 (c) | |
| 750 | | |
| 692,004 | |
Northwest Independent School District, Unlimited Tax School Building (GO) 4.00%, 02/15/47 (c) | |
| 1,000 | | |
| 953,517 | |
Pflugerville Independent School District, Unlimited Tax School Building, Series A (GO) 5.00%, 02/15/48 (c) | |
| 1,000 | | |
| 1,019,834 | |
Rockwall Independent School District (GO) 4.00%, 02/15/53 (c) | |
| 1,000 | | |
| 912,082 | |
San Jacinto College District, Series A (GO) 5.00%, 02/15/44 (c) | |
| 900 | | |
| 928,450 | |
State of Texas (GO) 5.00%, 10/01/44 (c) | |
| 1,250 | | |
| 1,372,073 | |
State of Texas, Department of Housing & Community Affairs, Residential Mortgage, Series A (RB) 5.25%, 01/01/53 (c) | |
| 1,000 | | |
| 1,021,117 | |
Tarrant County Cultural Education Facilities Finance Corp., Cook Children’s Medical Center (RB) 5.25%, 12/01/49 (c) | |
| 1,000 | | |
| 1,052,894 | |
Texarkana Independent School District, Unlimited Tax (GO) 4.00%, 02/15/53 (c) | |
| 1,000 | | |
| 904,915 | |
Texas City, Independent School District, Unlimited Tax (GO) 4.00%, 08/15/53 (c) | |
| 1,015 | | |
| 924,156 | |
Texas City, Independent School District, Unlimited Tax (RB) 5.00%, 10/15/53 (c) | |
| 1,000 | | |
| 1,037,464 | |
Texas Department of Housing and Community Affairs, Residential Mortgage, Series B (RB) 5.25%, 07/01/53 (c) | |
| 1,000 | | |
| 1,021,258 | |
| Texas Transportation Finance Corp. (RB) | |
| | | |
| | |
| 5.00%, 10/01/45 (c) | |
| 2,000 | | |
| 2,156,670 | |
| 5.50%, 10/01/55 (c) | |
| 3,000 | | |
| 3,232,854 | |
| Texas Water Development Board (RB) | |
| | | |
| | |
| 4.00%, 10/15/45 (c) | |
| 500 | | |
| 484,306 | |
| 4.75%, 10/15/55 (c) | |
| 1,000 | | |
| 1,002,282 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
| 4.80%, 10/15/52 (c) | |
$ | 1,000 | | |
$ | 1,009,412 | |
| 5.00%, 10/15/44 (c) | |
| 1,000 | | |
| 1,088,870 | |
| Texas Water Development Board, Series A (RB) | |
| | | |
| | |
| 4.00%, 10/15/49 (c) | |
| 990 | | |
| 915,952 | |
| 5.00%, 10/15/43 (c) | |
| 840 | | |
| 859,566 | |
Texas Water Development Board, Series B (RB) 4.00%, 10/15/43 (c) | |
| 1,000 | | |
| 973,631 | |
Tomball Independent School District, Unlimited Tax (GO) 4.00%, 02/15/45 (c) | |
| 1,000 | | |
| 982,289 | |
University of Houston, Series A (RB) 5.00%, 02/15/56 (c) | |
| 500 | | |
| 512,337 | |
Via Metropolitan Transit Advanced Transportation District, Sales Tax (RB) 5.00%, 08/01/49 (c) | |
| 1,000 | | |
| 1,048,019 | |
Waller Independent School District, Series A (GO) 4.00%, 02/15/48 (c) | |
| 500 | | |
| 464,335 | |
Waxahachie Independent School District (GO) 4.00%, 02/15/49 (c) | |
| 750 | | |
| 703,390 | |
Weslaco Independent School District (GO) 4.12%, 02/15/49 (c) | |
| 1,470 | | |
| 1,394,711 | |
Ysleta Independent School District (GO) 5.00%, 08/15/56 (c) | |
| 500 | | |
| 508,194 | |
| | |
| | | |
| 93,651,638 | |
| Utah: 0.9% | |
| | | |
| | |
Downtown Revitalization Public Infrastructure District, Series B (RB) (AG) 5.50%, 06/01/55 (c) | |
| 250 | | |
| 267,872 | |
Salt Lake City, International Airport, Series B (RB) 5.00%, 07/01/43 (c) | |
| 360 | | |
| 368,699 | |
Timpanogos Special Service District (RB) 5.00%, 06/01/54 (c) | |
| 2,030 | | |
| 2,103,141 | |
| University of Utah, Board of Higher Education, Series A (RB) | |
| | | |
| | |
| 4.00%, 08/01/51 (c) | |
| 1,000 | | |
| 887,700 | |
| 5.00%, 08/01/46 (c) | |
| 1,160 | | |
| 1,211,190 | |
Utah County, IHC Health Services, Inc., Series B (RB) 3.00%, 05/15/47 (c) | |
| 210 | | |
| 163,693 | |
Utah Transit Authority (RB) 5.00%, 12/15/44 (c) | |
| 1,000 | | |
| 1,097,727 | |
| | |
| | | |
| 6,100,022 | |
| | |
Par
(000’s | ) | |
Value | |
| Virginia: 0.9% | |
| | | |
| | |
County of Fairfax, Industrial Development Authority, Inova Health System Project (RB) 5.00%, 05/15/51 (c) | |
$ | 1,000 | | |
$ | 1,042,456 | |
County of Fairfax, Industrial Development Authority, Inova Health System Project, Series A (RB) 4.00%, 05/15/48 (c) | |
| 1,000 | | |
| 939,867 | |
| Hampton Roads Transportation Accountability Commission, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/57 (c) | |
| 600 | | |
| 543,231 | |
| 5.00%, 07/01/50 (c) | |
| 625 | | |
| 642,849 | |
| 5.00%, 07/01/60 (c) | |
| 500 | | |
| 510,854 | |
Virginia Housing Development Authority, Series K (RB) 2.55%, 12/01/46 (c) | |
| 1,000 | | |
| 708,730 | |
| Virginia Small Business Financing Authority, Series A (RB) | |
| | | |
| | |
| 4.00%, 01/01/45 (c) | |
| 500 | | |
| 471,140 | |
| 5.50%, 12/01/54 (c) | |
| 500 | | |
| 517,357 | |
Williamsburg Economic Development Authority, Virginia Student Housing, William and Mary Project, Series A (RB) (AG) 4.38%, 07/01/63 (c) | |
| 1,000 | | |
| 956,247 | |
| | |
| | | |
| 6,332,731 | |
| Washington: 1.9% | |
| | | |
| | |
City of Seattle, City Light Department, Series A (RB) 4.00%, 07/01/51 (c) | |
| 250 | | |
| 230,518 | |
City of Seattle, Washington Municipal Light and Power (RB) 5.25%, 02/01/55 (c) | |
| 500 | | |
| 527,715 | |
| City of Seattle, Washington Municipal Light and Power, Series A (RB) | |
| | | |
| | |
| 4.00%, 05/01/45 (c) | |
| 1,000 | | |
| 975,451 | |
| 5.00%, 03/01/53 (c) | |
| 1,000 | | |
| 1,032,597 | |
King County, Public Hospital District No. 2, Evergreen Health, Series A (GO) 4.00%, 12/01/45 (c) | |
| 650 | | |
| 602,920 | |
| State of Washington (GO) | |
| | | |
| | |
| 5.00%, 02/01/48 (c) | |
| 1,705 | | |
| 1,777,966 | |
| 5.00%, 02/01/48 (c) | |
| 2,635 | | |
| 2,761,927 | |
State of Washington, Various Purpose, Series A (GO) 5.00%, 08/01/43 (c) | |
| 1,090 | | |
| 1,157,471 | |
Washington State Housing Finance Commission, Blakeley and Laurel Village, Series A (RB) (BAM) 5.25%, 07/01/55 (c) | |
| 3,500 | | |
| 3,550,733 | |
See Notes to Financial Statements
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Washington (continued) | |
| | | |
| | |
Washington State Housing Finance Commission, Radford Court and Nordheim Court Portfolio (RB) 5.00%, 07/01/54 (c) | |
$ | 500 | | |
$ | 470,632 | |
| | |
| | | |
| 13,087,930 | |
| West Virginia: 0.2% | |
| | | |
| | |
West Virginia Hospital Finance Authority, University Health System, Series A (RB) 4.38%, 06/01/53 (c) | |
| 1,000 | | |
| 941,095 | |
West Virginia Parkways Authority, Turnpike Toll (RB) 5.00%, 06/01/47 (c) | |
| 620 | | |
| 643,382 | |
| | |
| | | |
| 1,584,477 | |
| Wisconsin: 0.9% | |
| | | |
| | |
Public Finance Authority, Pooled Charter School (RB) 5.75%, 07/01/62 (c) | |
| 926 | | |
| 958,962 | |
University of Wisconsin Hospitals and Clinics Authority, Series B (RB) 5.00%, 04/01/49 (c) | |
| 500 | | |
| 513,139 | |
Wisconsin Health and Educational Facilities Authority, Children’s Hospital, Inc. (RB) 4.00%, 08/15/47 (c) | |
| 1,000 | | |
| 887,118 | |
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series A (RB) 5.00%, 02/15/46 (c) | |
$ | 250 | | |
$ | 250,057 | |
Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series A (RB) (BAM) 4.50%, 02/15/54 (c) | |
| 1,000 | | |
| 963,375 | |
Wisconsin Housing and Economic Development Authority, Home Ownership, Series A (RB) 4.85%, 09/01/43 (c) | |
| 1,000 | | |
| 1,030,357 | |
| Wisconsin Housing and Economic Development Authority, Home Ownership, Series C (RB) | |
| | | |
| | |
| 4.50%, 09/01/44 (c) | |
| 1,000 | | |
| 996,793 | |
| 4.75%, 03/01/51 (c) | |
| 1,000 | | |
| 1,004,274 | |
| | |
| | | |
| 6,604,075 | |
Total Municipal Bonds:
(Cost: $704,169,785) | |
| | | |
| 688,412,744 | |
| Other assets less liabilities: 1.8% | |
| | | |
| 12,605,147 | |
| NET ASSETS: 100.0% | |
| | | |
$ | 701,017,891 | |
Definitions:
| AG |
Assured Guaranty, Inc. |
| BAM |
Build America Assurance Co. |
| CP |
Certificate of Participation |
| FHA |
Federal Housing Association |
| GO |
General Obligation |
| RB |
Revenue Bond |
| SA |
Special Assessment |
| SAW |
State Aid Withholding |
| SBG |
School Board Guaranteed |
| ST |
Special Tax |
| XLCA |
Syncora Guarantee, Inc. |
Footnotes:
| (c) |
Callable Security — the date disclosed is the date the security may be redeemed by the issuer |
| ^ |
Zero Coupon Bond |
The summary of inputs used to value the Fund’s investments as of April 30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Municipal Bonds * | |
$ | — | | |
$ | 688,412,744 | | |
$ | — | | |
$ | 688,412,744 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS BBB CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| CORPORATE BONDS: 98.5% | |
| | | |
| | |
| Canada: 6.2% | |
| | | |
| | |
Alimentation Couche-Tard, Inc. 144A 3.80%, 01/25/50 | |
$ | 75 | | |
$ | 55,073 | |
Bank of Montreal 7.30% (US Treasury Yield Curve Rate T 5 Year+3.01%), 11/26/84 (a) | |
| 25 | | |
| 26,350 | |
Bank of Nova Scotia 4.59% (US Treasury Yield Curve Rate T 5 Year+2.05%), 05/04/37 (a) | |
| 25 | | |
| 24,005 | |
| 6.88% (US Treasury Yield Curve Rate T 5 Year+2.73%), 10/27/85 (a) | |
| 25 | | |
| 25,309 | |
| 7.35% (US Treasury Yield Curve Rate T 5 Year+2.90%), 04/27/85 (a) | |
| 25 | | |
| 25,893 | |
Canadian Imperial Bank of Commerce 7.00% (US Treasury Yield Curve Rate T 5 Year+3.00%), 10/28/85 (a) | |
| 25 | | |
| 25,668 | |
| Canadian Natural Resources Ltd. | |
| | | |
| | |
| 3.85%, 06/01/27 | |
| 25 | | |
| 24,875 | |
| 6.25%, 03/15/38 | |
| 25 | | |
| 26,503 | |
Canadian Pacific Railway Co. 2.45%, 12/02/31 † | |
| 25 | | |
| 22,324 | |
| Enbridge, Inc. | |
| | | |
| | |
| 3.12%, 11/15/29 | |
| 50 | | |
| 47,721 | |
| 5.62%, 04/05/34 | |
| 50 | | |
| 51,615 | |
| 5.70%, 03/08/33 | |
| 25 | | |
| 25,897 | |
GFL Environmental, Inc. 144A 3.50%, 09/01/28 | |
| 25 | | |
| 24,421 | |
Royal Bank of Canada 6.35% (US Treasury Yield Curve Rate T 5 Year+2.26%), 11/24/84 (a) | |
| 25 | | |
| 24,192 | |
| 6.50% (US Treasury Yield Curve Rate T 5 Year+2.46%), 11/24/85 (a) | |
| 50 | | |
| 49,313 | |
Suncor Energy, Inc. 6.85%, 06/01/39 | |
| 25 | | |
| 27,689 | |
Toronto-Dominion Bank 6.35% (US Treasury Yield Curve Rate T 5 Year+2.72%), 10/31/85 (a) | |
| 25 | | |
| 25,184 | |
| | |
| | | |
| 532,032 | |
| | |
Par
(000’s | ) | |
Value | |
| France: 5.3% | |
| | | |
| | |
BNP Paribas SA 144A 5.91% (SOFR+1.92%), 11/19/35 (a) | |
$ | 50 | | |
$ | 50,752 | |
| Credit Agricole SA 144A | |
| | | |
| | |
| 3.25%, 01/14/30 | |
| 50 | | |
| 47,115 | |
| 6.25% (SOFR+2.67%), 01/10/35 (a) | |
| 50 | | |
| 51,990 | |
| Societe Generale SA 144A | |
| | | |
| | |
| 3.00%, 01/22/30 | |
| 75 | | |
| 70,260 | |
| 3.34% (US Treasury Yield Curve Rate T 1 Year+1.60%), 01/21/33 (a) | |
| 50 | | |
| 45,351 | |
| 3.62%, 03/01/41 | |
| 75 | | |
| 54,514 | |
| 4.03% (US Treasury Yield Curve Rate T 1 Year+1.90%), 01/21/43 (a) | |
| 50 | | |
| 37,557 | |
| 5.44% (SOFR+1.73%), 10/03/36 (a) | |
| 50 | | |
| 49,202 | |
| 6.45% (US Treasury Yield Curve Rate T 1 Year+2.55%), 01/10/29 (a) | |
| 50 | | |
| 51,377 | |
| | |
| | | |
| 458,118 | |
| India: 0.3% | |
| | | |
| | |
Reliance Industries Ltd. 144A 3.67%, 11/30/27 | |
| 25 | | |
| 24,673 | |
| Ireland: 0.9% | |
| | | |
| | |
CRH SMW Finance DAC 5.12%, 01/09/30 | |
| 25 | | |
| 25,461 | |
Flutter Treasury DAC 144A 5.88%, 06/04/31 † | |
| 50 | | |
| 49,852 | |
| | |
| | | |
| 75,313 | |
| Italy: 0.9% | |
| | | |
| | |
| ENEL Finance International NV 144A | |
| | | |
| | |
| 3.50%, 04/06/28 | |
| 50 | | |
| 49,081 | |
| 3.62%, 05/25/27 | |
| 25 | | |
| 24,802 | |
| | |
| | | |
| 73,883 | |
| Mexico: 0.8% | |
| | | |
| | |
Infraestructura Energetica Nova SAPI de CV 144A 4.75%, 01/15/51 | |
| 25 | | |
| 18,681 | |
Minera Mexico SA de CV 144A 5.62%, 02/12/32 | |
| 25 | | |
| 25,600 | |
Sitios Latinoamerica SAB de CV 144A 5.38%, 04/04/32 | |
| 25 | | |
| 24,888 | |
| | |
| | | |
| 69,169 | |
| Netherlands: 1.9% | |
| | | |
| | |
Deutsche Telekom International Finance BV 8.75%, 06/15/30 | |
| 75 | | |
| 85,971 | |
| Deutsche Telekom International Finance BV 144A | |
| | | |
| | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS BBB CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Netherlands (continued) | |
| | | |
| | |
| 4.38%, 06/21/28 | |
$ | 25 | | |
$ | 24,991 | |
ENEL Finance International NV 144A 2.12%, 07/12/28 | |
| 25 | | |
| 23,787 | |
Prosus NV 144A 3.68%, 01/21/30 | |
| 25 | | |
| 24,036 | |
| | |
| | | |
| 158,785 | |
| Norway: 0.6% | |
| | | |
| | |
| Var Energi ASA 144A | |
| | | |
| | |
| 5.88%, 05/22/30 | |
| 25 | | |
| 25,846 | |
| 8.00%, 11/15/32 | |
| 25 | | |
| 28,469 | |
| | |
| | | |
| 54,315 | |
| Poland: 0.3% | |
| | | |
| | |
ORLEN SA 144A 6.00%, 01/30/35 † | |
| 25 | | |
| 26,048 | |
| Spain: 0.3% | |
| | | |
| | |
Santander Holdings USA, Inc. 4.40%, 07/13/27 | |
| 25 | | |
| 24,987 | |
| Thailand: 0.3% | |
| | | |
| | |
Bangkok Bank PCL 144A 4.30%, 06/15/27 | |
| 25 | | |
| 24,941 | |
| United Kingdom: 0.6% | |
| | | |
| | |
Ferguson Finance PLC 144A 4.50%, 10/24/28 | |
| 25 | | |
| 24,959 | |
HSBC Holdings PLC 6.50%, 09/15/37 | |
| 25 | | |
| 26,531 | |
| | |
| | | |
| 51,490 | |
| United States: 80.1% | |
| | | |
| | |
Alcon Finance Corp. 144A 3.00%, 09/23/29 | |
| 25 | | |
| 23,795 | |
| Altria Group, Inc. | |
| | | |
| | |
| 2.45%, 02/04/32 | |
| 50 | | |
| 44,025 | |
| 3.40%, 02/04/41 | |
| 100 | | |
| 75,997 | |
| 4.25%, 08/09/42 | |
| 50 | | |
| 40,883 | |
| 4.80%, 02/14/29 | |
| 75 | | |
| 75,570 | |
| 5.80%, 02/14/39 | |
| 50 | | |
| 50,458 | |
| 5.95%, 02/14/49 | |
| 25 | | |
| 24,389 | |
| Ares Capital Corp. | |
| | | |
| | |
| 5.80%, 03/08/32 † | |
| 25 | | |
| 24,843 | |
| 5.88%, 03/01/29 | |
| 25 | | |
| 25,257 | |
| 5.95%, 07/15/29 | |
| 50 | | |
| 50,454 | |
| AT&T, Inc. | |
| | | |
| | |
| 3.85%, 06/01/60 | |
| 75 | | |
| 49,997 | |
| 4.30%, 02/15/30 | |
| 100 | | |
| 99,301 | |
| 4.75%, 04/30/33 † | |
| 50 | | |
| 49,361 | |
Athene Holding Ltd. 6.25%, 04/01/54 | |
| 25 | | |
| 23,005 | |
| Blue Owl Capital Corp. | |
| | | |
| | |
| 2.88%, 06/11/28 | |
| 25 | | |
| 23,460 | |
| 5.95%, 03/15/29 † | |
| 25 | | |
| 24,859 | |
Broadridge Financial Solutions, Inc. 2.90%, 12/01/29 | |
| 25 | | |
| 23,466 | |
Capital One Financial Corp. 2.36% (SOFR+1.34%), 07/29/32 (a) | |
| 25 | | |
| 21,554 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 5.20% (SOFR+1.63%), 09/11/36 (a) | |
$ | 75 | | |
$ | 72,772 | |
| 6.05% (SOFR+2.26%), 02/01/35 (a) | |
| 75 | | |
| 77,844 | |
| 6.18% (SOFR+2.04%), 01/30/36 (a) | |
| 50 | | |
| 50,948 | |
| 6.38% (SOFR+2.86%), 06/08/34 (a) | |
| 50 | | |
| 52,878 | |
| 7.96% (SOFR Compound Index+3.37%), 11/02/34 (a) | |
| 25 | | |
| 28,850 | |
| Charter Communications Operating LLC / Charter Communications Operating Capital | |
| | | |
| | |
| 3.70%, 04/01/51 | |
| 25 | | |
| 15,349 | |
| 3.85%, 04/01/61 | |
| 75 | | |
| 43,369 | |
| 3.95%, 06/30/62 | |
| 75 | | |
| 43,854 | |
| 5.12%, 07/01/49 | |
| 20 | | |
| 15,301 | |
| 5.38%, 04/01/38 | |
| 50 | | |
| 44,972 | |
| 5.38%, 05/01/47 | |
| 75 | | |
| 60,006 | |
| 5.50%, 04/01/63 | |
| 75 | | |
| 57,374 | |
| 6.48%, 10/23/45 | |
| 150 | | |
| 138,335 | |
| Cheniere Corpus Christi Holdings LLC | |
| | | |
| | |
| 3.70%, 11/15/29 | |
| 25 | | |
| 24,294 | |
| 5.12%, 06/30/27 | |
| 25 | | |
| 25,113 | |
Citigroup, Inc. | |
| | | |
| | |
4.45%, 09/29/27 | |
| 75 | | |
| 75,043 | |
| 5.83% (SOFR+2.06%), 02/13/35 (a) | |
| 50 | | |
| 50,952 | |
| 6.02% (SOFR+1.83%), 01/24/36 (a) | |
| 75 | | |
| 77,031 | |
| 6.17% (SOFR+2.66%), 05/25/34 (a) | |
| 75 | | |
| 78,161 | |
| Conagra Brands, Inc. | |
| | | |
| | |
| 5.30%, 11/01/38 | |
| 50 | | |
| 46,616 | |
| 5.40%, 11/01/48 † | |
| 25 | | |
| 21,406 | |
| Constellation Brands, Inc. | |
| | | |
| | |
| 2.25%, 08/01/31 | |
| 25 | | |
| 22,102 | |
| 3.15%, 08/01/29 | |
| 25 | | |
| 23,962 | |
CoStar Group, Inc. 144A 2.80%, 07/15/30 | |
| 25 | | |
| 22,716 | |
DT Midstream, Inc. 144A 4.12%, 06/15/29 | |
| 25 | | |
| 24,481 | |
Equinix Europe 2 Financing Corp. LLC 4.60%, 11/15/30 | |
| 25 | | |
| 24,833 | |
| Equinix, Inc. | |
| | | |
| | |
| 2.15%, 07/15/30 | |
| 25 | | |
| 22,535 | |
| 3.20%, 11/18/29 † | |
| 25 | | |
| 23,870 | |
| 3.90%, 04/15/32 | |
| 75 | | |
| 71,201 | |
Everest Reinsurance Holdings, Inc. 3.12%, 10/15/52 | |
| 25 | | |
| 15,274 | |
| First Citizens BancShares, Inc. | |
| | | |
| | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS BBB CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 6.25% (US Treasury Yield Curve Rate T 5 Year+1.97%), 03/12/40 (a) | |
$ | 25 | | |
$ | 24,555 | |
Fox
Corp. 6.50%,
10/13/33 | |
| 25 | | |
| 26,855 | |
| General Mills, Inc. | |
| | | |
| | |
| 2.88%, 04/15/30 | |
| 50 | | |
| 46,717 | |
| 4.95%, 03/29/33 | |
| 25 | | |
| 24,797 | |
| 5.25%, 01/30/35 † | |
| 25 | | |
| 24,889 | |
| GLP Capital LP / GLP Financing II, Inc. | |
| | | |
| | |
| 5.30%, 01/15/29 | |
| 25 | | |
| 25,275 | |
| 5.62%, 09/15/34 | |
| 25 | | |
| 24,899 | |
Golub
Capital BDC, Inc. 6.00%,
07/15/29 † | |
| 25 | | |
| 25,079 | |
| HCA, Inc. | |
| | | |
| | |
| 2.38%, 07/15/31 | |
| 25 | | |
| 22,188 | |
| 4.12%, 06/15/29 | |
| 50 | | |
| 49,335 | |
| 5.12%, 06/15/39 | |
| 50 | | |
| 47,318 | |
| 5.25%, 06/15/49 | |
| 75 | | |
| 66,346 | |
| International Flavors & Fragrances, Inc. 144A | |
| | | |
| | |
| 1.83%, 10/15/27 | |
| 25 | | |
| 24,005 | |
| 2.30%, 11/01/30 | |
| 25 | | |
| 22,370 | |
| 3.47%, 12/01/50 | |
| 25 | | |
| 16,685 | |
J
M Smucker Co. 6.20%,
11/15/33 | |
| 50 | | |
| 53,337 | |
| Keurig Dr. Pepper, Inc. | |
| | | |
| | |
| 3.80%, 05/01/50 | |
| 25 | | |
| 17,578 | |
| 3.95%, 04/15/29 | |
| 25 | | |
| 24,557 | |
| 4.05%, 04/15/32 | |
| 50 | | |
| 47,474 | |
| 4.50%, 04/15/52 | |
| 50 | | |
| 39,250 | |
| Kraft Heinz Foods Co. | |
| | | |
| | |
| 3.88%, 05/15/27 | |
| 25 | | |
| 24,888 | |
| 4.38%, 06/01/46 | |
| 50 | | |
| 39,207 | |
| 5.00%, 06/04/42 | |
| 50 | | |
| 44,233 | |
| 5.20%, 07/15/45 | |
| 50 | | |
| 43,828 | |
| 6.88%, 01/26/39 | |
| 25 | | |
| 27,236 | |
Kraft
Heinz Foods Co. 144A 7.12%,
08/01/39 | |
| 25 | | |
| 27,427 | |
| Kroger Co. | |
| | | |
| | |
| 4.45%, 02/01/47 | |
| 100 | | |
| 81,828 | |
| 5.00%, 09/15/34 | |
| 50 | | |
| 49,409 | |
Las
Vegas Sands Corp. 3.90%,
08/08/29 | |
| 25 | | |
| 24,135 | |
| Lowe’s Cos, Inc. | |
| | | |
| | |
| 2.62%, 04/01/31 | |
| 100 | | |
| 91,415 | |
| 3.10%, 05/03/27 | |
| 50 | | |
| 49,546 | |
| 3.65%, 04/05/29 | |
| 25 | | |
| 24,517 | |
LPL
Holdings, Inc. 5.20%,
03/15/30 | |
| 25 | | |
| 25,251 | |
LPL
Holdings, Inc. 144A 4.00%,
03/15/29 | |
| 25 | | |
| 24,355 | |
| Marriott International, Inc. | |
| | | |
| | |
| 2.85%, 04/15/31 | |
| 25 | | |
| 22,925 | |
| 3.50%, 10/15/32 | |
| 100 | | |
| 92,198 | |
| 4.90%, 04/15/29 | |
| 50 | | |
| 50,603 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 5.35%, 03/15/35 | |
$ | 25 | | |
$ | 25,227 | |
| 5.50%, 04/15/37 | |
| 25 | | |
| 25,044 | |
McCormick & Co., Inc. 3.40%, 08/15/27 | |
| 25 | | |
| 24,695 | |
| McDonald’s Corp. | |
| | | |
| | |
| 2.12%, 03/01/30 | |
| 150 | | |
| 138,186 | |
| 3.50%, 07/01/27 | |
| 50 | | |
| 49,605 | |
| 3.62%, 09/01/49 | |
| 50 | | |
| 35,981 | |
| 4.45%, 09/01/48 | |
| 25 | | |
| 20,675 | |
| 4.88%, 12/09/45 | |
| 50 | | |
| 44,675 | |
| 6.30%, 10/15/37 | |
| 50 | | |
| 54,735 | |
| Mondelez International, Inc. | |
| | | |
| | |
| 2.62%, 09/04/50 † | |
| 75 | | |
| 44,415 | |
| 3.00%, 03/17/32 | |
| 25 | | |
| 22,690 | |
Motorola Solutions, Inc. 4.60%, 05/23/29 | |
| 25 | | |
| 25,051 | |
| MPLX LP | |
| | | |
| | |
| 2.65%, 08/15/30 | |
| 50 | | |
| 46,183 | |
| 4.00%, 03/15/28 | |
| 50 | | |
| 49,616 | |
| 4.80%, 02/15/29 | |
| 25 | | |
| 25,188 | |
| 4.95%, 09/01/32 | |
| 25 | | |
| 25,011 | |
| 5.00%, 01/15/33 | |
| 25 | | |
| 24,889 | |
| 5.00%, 03/01/33 | |
| 50 | | |
| 49,764 | |
| 5.30%, 04/01/36 | |
| 50 | | |
| 49,137 | |
| 5.40%, 04/01/35 | |
| 25 | | |
| 25,001 | |
MSCI, Inc. 144A 4.00%, 11/15/29 | |
| 25 | | |
| 24,291 | |
News Corp. 144A 3.88%, 05/15/29 | |
| 25 | | |
| 24,186 | |
NiSource, Inc. 3.49%, 05/15/27 | |
| 25 | | |
| 24,803 | |
| Oracle Corp. | |
| | | |
| | |
| 3.60%, 04/01/40 | |
| 100 | | |
| 72,157 | |
| 3.80%, 11/15/37 | |
| 50 | | |
| 39,561 | |
| 3.85%, 07/15/36 | |
| 25 | | |
| 20,611 | |
| 3.95%, 03/25/51 | |
| 50 | | |
| 31,450 | |
| 4.00%, 07/15/46 | |
| 50 | | |
| 33,394 | |
| 4.12%, 05/15/45 | |
| 50 | | |
| 34,290 | |
| 4.38%, 05/15/55 | |
| 50 | | |
| 32,964 | |
| 5.38%, 07/15/40 | |
| 100 | | |
| 87,176 | |
| 5.50%, 09/27/64 | |
| 25 | | |
| 19,033 | |
O’Reilly Automotive, Inc. 3.60%, 09/01/27 | |
| 25 | | |
| 24,755 | |
| Pacific Gas and Electric Co. | |
| | | |
| | |
| 2.10%, 08/01/27 | |
| 75 | | |
| 72,845 | |
| 2.50%, 02/01/31 | |
| 50 | | |
| 44,988 | |
| 3.30%, 08/01/40 | |
| 50 | | |
| 37,435 | |
| 3.50%, 08/01/50 | |
| 50 | | |
| 33,052 | |
| 3.75%, 07/01/28 | |
| 50 | | |
| 49,117 | |
| 4.50%, 07/01/40 | |
| 100 | | |
| 86,055 | |
| 4.95%, 07/01/50 | |
| 75 | | |
| 62,333 | |
| 6.15%, 01/15/33 | |
| 25 | | |
| 26,214 | |
| 6.75%, 01/15/53 | |
| 25 | | |
| 26,123 | |
| Roper Technologies, Inc. | |
| | | |
| | |
| 1.75%, 02/15/31 | |
| 25 | | |
| 21,680 | |
| 4.20%, 09/15/28 | |
| 25 | | |
| 24,809 | |
| 4.90%, 10/15/34 | |
| 25 | | |
| 24,237 | |
| 5.10%, 09/15/35 | |
| 25 | | |
| 24,284 | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS BBB CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
RTX Corp. 3.12%, 05/04/27 | |
$ | 25 | | |
$ | 24,752 | |
Sherwin-Williams Co. 3.45%, 06/01/27 | |
| 50 | | |
| 49,567 | |
| Sprint Capital Corp. | |
| | | |
| | |
| 6.88%, 11/15/28 | |
| 75 | | |
| 79,199 | |
| 8.75%, 03/15/32 | |
| 25 | | |
| 29,755 | |
Stryker Corp. 4.25%, 09/11/29 | |
| 50 | | |
| 49,797 | |
| Sysco Corp. | |
| | | |
| | |
| 3.25%, 07/15/27 | |
| 25 | | |
| 24,642 | |
| 5.95%, 04/01/30 | |
| 25 | | |
| 26,022 | |
| T-Mobile USA, Inc. | |
| | | |
| | |
| 2.05%, 02/15/28 | |
| 50 | | |
| 48,011 | |
| 2.25%, 11/15/31 | |
| 25 | | |
| 21,971 | |
| 2.55%, 02/15/31 | |
| 50 | | |
| 45,474 | |
| 3.00%, 02/15/41 | |
| 25 | | |
| 18,275 | |
| 3.30%, 02/15/51 | |
| 25 | | |
| 16,218 | |
| 3.38%, 04/15/29 | |
| 50 | | |
| 48,534 | |
| 3.40%, 10/15/52 | |
| 50 | | |
| 32,613 | |
| 3.88%, 04/15/30 | |
| 60 | | |
| 58,434 | |
| 4.38%, 04/15/40 | |
| 75 | | |
| 65,630 | |
| 4.70%, 01/15/35 | |
| 100 | | |
| 96,594 | |
| Tyson Foods, Inc. | |
| | | |
| | |
| 3.55%, 06/02/27 | |
| 25 | | |
| 24,788 | |
| 4.35%, 03/01/29 | |
| 25 | | |
| 24,937 | |
| 5.10%, 09/28/48 | |
| 25 | | |
| 22,693 | |
| 5.70%, 03/15/34 | |
| 25 | | |
| 25,935 | |
United Rentals North America, Inc. 144A 6.00%, 12/15/29 | |
| 25 | | |
| 25,444 | |
| Verizon Communications, Inc. | |
| | | |
| | |
| 1.75%, 01/20/31 | |
| 75 | | |
| 65,955 | |
| 2.35%, 03/15/32 | |
| 50 | | |
| 43,734 | |
| 2.55%, 03/21/31 | |
| 125 | | |
| 113,721 | |
| 3.40%, 03/22/41 | |
| 50 | | |
| 38,395 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
VICI Properties LP 5.12%, 05/15/32 | |
$ | 75 | | |
$ | 74,384 | |
| VICI Properties LP / VICI Note Co., Inc. 144A | |
| | | |
| | |
| 4.12%, 08/15/30 | |
| 50 | | |
| 48,031 | |
| 4.62%, 12/01/29 | |
| 50 | | |
| 49,232 | |
| Vistra Operations Co. LLC 144A | |
| | | |
| | |
| 5.70%, 12/30/34 | |
| 50 | | |
| 50,522 | |
| 6.95%, 10/15/33 | |
| 50 | | |
| 54,484 | |
| Westinghouse Air Brake Technologies Corp. | |
| | | |
| | |
| 4.70%, 09/15/28 | |
| 25 | | |
| 25,081 | |
| 5.50%, 05/29/35 | |
| 25 | | |
| 25,576 | |
Weyerhaeuser Co. 4.00%, 11/15/29 | |
| 50 | | |
| 49,071 | |
Williams Companies Inc. 3.75%, 06/15/27 | |
| 25 | | |
| 24,841 | |
Willis North America, Inc. 4.65%, 06/15/27 | |
| 25 | | |
| 25,065 | |
| | |
| | | |
| 6,853,614 | |
Total Corporate Bonds
(Cost: $8,595,209) | |
| | | |
| 8,427,368 | |
| | |
| | | |
| | |
| | |
Number
of Shares | | |
| | |
| SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 2.1% | |
| | | |
| | |
Money Market Fund: 2.1%
(Cost: $182,051) | |
| | | |
| | |
| State Street Navigator Securities Lending Government Money Market Portfolio 3.67%(b) | |
| 182,051 | | |
| 182,051 | |
Total Investments: 100.6%
(Cost: $8,777,260) | |
| | | |
| 8,609,419 | |
| Liabilities in excess of other assets: (0.6)% | |
|
|
|
|
| (50,132) | |
| NET ASSETS: 100.0% | |
| | | |
$ | 8,559,287 | |
Definitions:
Definitions:
| SOFR |
Secured Overnight Financing Rate |
Footnotes:
| (a) |
Variable rate security -the rate shown is as of 04/30/26 |
| (b) |
The rate shown is the 7-day yield as of 04/30/26. |
| † |
Security fully or partially on loan. Total market value of securities on loan is $276,382. |
| 144A |
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, unless otherwise noted. These securities have an aggregate value of $1,420,290, or 16.6% of net assets. |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS BBB CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
The summary of inputs used to value the Fund’s investments as of April
30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Corporate Bonds * | |
$ | — | | |
$ | 8,427,368 | | |
$ | — | | |
$ | 8,427,368 | |
| Money Market Fund | |
| 182,051 | | |
| — | | |
| — | | |
| 182,051 | |
| Total Investments | |
$ | 182,051 | | |
$ | 8,427,368 | | |
$ | — | | |
$ | 8,609,419 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS IG CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| CORPORATE BONDS: 98.5% | |
| | | |
| | |
| Canada: 9.0% | |
| | | |
| | |
| Alimentation Couche-Tard, Inc. 144A | |
| | | |
| | |
| 3.80%, 01/25/50 | |
$ | 50 | | |
$ | 36,715 | |
| 5.27%, 02/12/34 | |
| 50 | | |
| 50,558 | |
Bank
of Montreal 6.88%
(US Treasury Yield Curve Rate T 5 Year+2.98%), 11/26/85 (a) | |
| 50 | | |
| 51,195 | |
| 7.30% (US Treasury Yield Curve Rate T 5 Year+3.01%), 11/26/84 (a) | |
| 25 | | |
| 26,350 | |
Bank
of Nova Scotia | |
| | | |
| | |
| 2.45%,
02/02/32 | |
| 75 | | |
| 66,631 | |
| 4.34% (SOFR+1.09%), 09/15/31 (a) | |
| 100 | | |
| 98,695 | |
| 4.59% (US Treasury Yield Curve Rate T 5 Year+2.05%), 05/04/37 (a) | |
| 25 | | |
| 24,005 | |
| 4.81% (SOFR+1.04%), 02/02/34 (a) | |
| 25 | | |
| 24,732 | |
| 4.85%, 02/01/30 | |
| 50 | | |
| 50,608 | |
| 5.13% (SOFR+1.07%), 02/14/31 (a) | |
| 25 | | |
| 25,448 | |
| 6.88% (US Treasury Yield Curve Rate T 5 Year+2.73%), 10/27/85 (a) | |
| 75 | | |
| 75,929 | |
| Brookfield Finance, Inc. | |
| | | |
| | |
| 3.50%, 03/30/51 | |
| 75 | | |
| 50,508 | |
| 3.90%, 01/25/28 | |
| 50 | | |
| 49,430 | |
Canadian
Imperial Bank of Commerce | |
| | | |
| | |
| 5.24%,
06/28/27 | |
| 25 | | |
| 25,300 | |
| 5.25% (SOFR+1.10%), 01/13/31 (a) | |
| 25 | | |
| 25,514 | |
| 7.00% (US Treasury Yield Curve Rate T 5 Year+3.00%), 10/28/85 (a) | |
| 75 | | |
| 77,004 | |
Canadian
Natural Resources Ltd. 6.25%,
03/15/38 | |
| 50 | | |
| 53,005 | |
Canadian
Pacific Railway Co. 2.45%,
12/02/31 † | |
| 50 | | |
| 44,647 | |
| Enbridge, Inc. | |
| | | |
| | |
| 3.12%, 11/15/29 | |
| 75 | | |
| 71,582 | |
| 5.70%, 03/08/33 | |
| 50 | | |
| 51,794 | |
GFL
Environmental, Inc. 144A 3.50%,
09/01/28 | |
| 25 | | |
| 24,421 | |
Royal
Bank of Canada 6.35%
(US Treasury Yield Curve Rate T 5 Year+2.26%), 11/24/84 (a) | |
| 75 | | |
| 72,577 | |
| | |
Par
(000’s | ) | |
Value | |
| Canada (continued) | |
| | | |
| | |
| 6.50% (US Treasury Yield Curve Rate T 5 Year+2.46%), 11/24/85 (a) | |
$ | 100 | | |
$ | 98,626 | |
| Toronto-Dominion Bank | |
| | | |
| | |
| 3.20%, 03/10/32 | |
| 50 | | |
| 46,117 | |
| 3.91%, 01/13/28 | |
| 175 | | |
| 173,884 | |
| 4.11%, 06/08/27 | |
| 50 | | |
| 49,926 | |
| 4.86%, 01/31/28 | |
| 75 | | |
| 75,622 | |
| 4.93%, 10/15/35 | |
| 100 | | |
| 97,971 | |
| 4.99%, 04/05/29 | |
| 75 | | |
| 76,178 | |
| 5.30%, 01/30/32 | |
| 25 | | |
| 25,668 | |
| | |
| | | |
| 1,720,640 | |
| France: 6.2% | |
| | | |
| | |
| BNP Paribas SA 144A | |
| | | |
| | |
| 1.90% (SOFR+1.61%), 09/30/28 (a) | |
| 50 | | |
| 48,233 | |
| 3.50%, 11/16/27 | |
| 125 | | |
| 123,280 | |
| 5.12% (US Treasury Yield Curve Rate T 1 Year+1.45%), 01/13/29 (a) | |
| 50 | | |
| 50,502 | |
| 5.18% (SOFR+1.52%), 01/09/30 (a) | |
| 50 | | |
| 50,738 | |
| 5.33% (US Treasury Yield Curve Rate T 1 Year+1.50%), 06/12/29 (a) | |
| 100 | | |
| 101,594 | |
| 5.89% (SOFR+1.87%), 12/05/34 (a) | |
| 100 | | |
| 104,548 | |
| 5.91% (SOFR+1.92%), 11/19/35 (a) | |
| 50 | | |
| 50,752 | |
| Credit Agricole SA 144A | |
| | | |
| | |
| 2.81%, 01/11/41 | |
| 75 | | |
| 52,692 | |
| 3.25%, 01/14/30 | |
| 25 | | |
| 23,558 | |
| 5.37%, 03/11/34 | |
| 25 | | |
| 25,481 | |
| 5.51%, 07/05/33 | |
| 100 | | |
| 103,302 | |
| 6.25% (SOFR+2.67%), 01/10/35 (a) | |
| 25 | | |
| 25,995 | |
Societe
Generale SA 144A | |
| | | |
| | |
| 3.00%,
01/22/30 | |
| 100 | | |
| 93,681 | |
| 4.03% (US Treasury Yield Curve Rate T 1 Year+1.90%), 01/21/43 (a) | |
| 25 | | |
| 18,779 | |
| 4.68%, 06/15/27 | |
| 50 | | |
| 50,286 | |
| 5.40% (SOFR+1.60%), 04/10/37 (a) | |
| 50 | | |
| 48,848 | |
| 5.44% (SOFR+1.73%), 10/03/36 (a) | |
| 50 | | |
| 49,202 | |
| 6.07% (US Treasury Yield Curve Rate T 1 Year+2.10%), 01/19/35 (a) | |
| 25 | | |
| 25,930 | |
| 6.45% (US Treasury Yield Curve Rate T 1 Year+2.55%), 01/10/29 (a) | |
| 50 | | |
| 51,376 | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS IG CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| France (continued) | |
| | | |
| | |
| 6.69% (US Treasury Yield Curve Rate T 1 Year+2.95%), 01/10/34 (a) | |
$ | 75 | | |
$ | 80,422 | |
| | |
| | | |
| 1,179,199 | |
| India: 0.1% | |
| | | |
| | |
Reliance Industries Ltd. 144A 3.67%, 11/30/27 | |
| 25 | | |
| 24,673 | |
| Ireland: 0.4% | |
| | | |
| | |
Flutter Treasury DAC 144A 5.88%, 06/04/31 † | |
| 75 | | |
| 74,778 | |
| Italy: 1.3% | |
| | | |
| | |
ENEL Finance International NV 144A 3.62%, 05/25/27 | |
| 50 | | |
| 49,604 | |
| Intesa Sanpaolo SpA 144A | |
| | | |
| | |
| 4.95% (US Treasury Yield Curve Rate T 1 Year+2.75%), 06/01/42 (a) | |
| 25 | | |
| 21,286 | |
| 6.62%, 06/20/33 | |
| 50 | | |
| 54,470 | |
| 7.20%, 11/28/33 | |
| 50 | | |
| 56,314 | |
| 7.80%, 11/28/53 | |
| 50 | | |
| 59,486 | |
| | |
| | | |
| 241,160 | |
| Mexico: 0.6% | |
| | | |
| | |
Infraestructura Energetica Nova SAPI de CV 144A 4.75%, 01/15/51 | |
| 25 | | |
| 18,681 | |
Minera Mexico SA de CV 144A 5.62%, 02/12/32 | |
| 50 | | |
| 51,199 | |
Sitios Latinoamerica SAB de CV 144A 5.38%, 04/04/32 | |
| 50 | | |
| 49,776 | |
| | |
| | | |
| 119,656 | |
| Netherlands: 1.0% | |
| | | |
| | |
Deutsche Telekom International Finance BV 8.75%, 06/15/30 | |
| 100 | | |
| 114,628 | |
Deutsche Telekom International Finance BV 144A 4.38%, 06/21/28 | |
| 50 | | |
| 49,983 | |
ENEL Finance International NV 144A 2.12%, 07/12/28 | |
| 25 | | |
| 23,787 | |
| | |
| | | |
| 188,398 | |
| Norway: 0.7% | |
| | | |
| | |
DNB Bank ASA 144A 4.85% (SOFR+1.05%), 11/05/30 (a) | |
| 50 | | |
| 50,490 | |
| Var Energi ASA 144A | |
| | | |
| | |
| 7.50%, 01/15/28 | |
| 50 | | |
| 52,153 | |
| 8.00%, 11/15/32 | |
| 25 | | |
| 28,469 | |
| | |
| | | |
| 131,112 | |
| Poland: 0.3% | |
| | | |
| | |
| ORLEN SA 144A | |
| | | |
| | |
| | |
Par
(000’s | ) | |
Value | |
| Poland (continued) | |
| | | |
| | |
| 6.00%, 01/30/35 | |
$ | 50 | | |
$ | 52,096 | |
| Saudi Arabia: 1.1% | |
| | | |
| | |
| Saudi Arabian Oil Co. 144A | |
| | | |
| | |
| 2.25%, 11/24/30 | |
| 100 | | |
| 89,616 | |
| 3.50%, 04/16/29 | |
| 125 | | |
| 121,092 | |
| | |
| | | |
| 210,708 | |
| Sweden: 0.1% | |
| | | |
| | |
Svenska Handelsbanken AB 144A 3.95%, 06/10/27 | |
| 25 | | |
| 24,962 | |
| Switzerland: 0.2% | |
| | | |
| | |
UBS Group AG 144A 3.18% (US Treasury Yield Curve Rate T 1 Year+1.10%), 02/11/43 (a) | |
| 50 | | |
| 36,922 | |
| Taiwan: 0.3% | |
| | | |
| | |
TSMC Global Ltd. 144A 1.75%, 04/23/28 | |
| 50 | | |
| 47,713 | |
| Thailand: 0.1% | |
| | | |
| | |
Bangkok Bank PCL 144A 4.30%, 06/15/27 | |
| 25 | | |
| 24,941 | |
| United Arab Emirates: 0.1% | |
| | | |
| | |
Abu Dhabi Crude Oil Pipeline LLC 144A 3.65%, 11/02/29 | |
| 25 | | |
| 24,168 | |
| United Kingdom: 0.2% | |
| | | |
| | |
Barclays PLC 3.33% (US Treasury Yield Curve Rate T 1 Year+1.30%), 11/24/42 (a) | |
| 25 | | |
| 18,643 | |
Ferguson Finance PLC 144A 4.50%, 10/24/28 | |
| 25 | | |
| 24,959 | |
| | |
| | | |
| 43,602 | |
| United States: 76.8% | |
| | | |
| | |
AIG SunAmerica Global Financing X 144A 6.90%, 03/15/32 | |
| 25 | | |
| 27,215 | |
Alcon Finance Corp. 144A 3.00%, 09/23/29 | |
| 25 | | |
| 23,795 | |
| Alphabet, Inc. | |
| | | |
| | |
| 4.10%, 11/15/30 | |
| 100 | | |
| 99,176 | |
| 4.38%, 11/15/32 | |
| 50 | | |
| 49,518 | |
| 4.70%, 11/15/35 | |
| 275 | | |
| 270,101 | |
| 5.35%, 11/15/45 | |
| 150 | | |
| 145,665 | |
| Altria Group, Inc. | |
| | | |
| | |
| 2.45%, 02/04/32 | |
| 75 | | |
| 66,037 | |
| 3.40%, 05/06/30 | |
| 50 | | |
| 47,843 | |
| 3.40%, 02/04/41 | |
| 75 | | |
| 56,998 | |
| 4.25%, 08/09/42 | |
| 175 | | |
| 143,092 | |
| 4.80%, 02/14/29 | |
| 75 | | |
| 75,570 | |
| 5.38%, 01/31/44 | |
| 75 | | |
| 70,025 | |
| 5.80%, 02/14/39 | |
| 25 | | |
| 25,229 | |
| 5.95%, 02/14/49 | |
| 25 | | |
| 24,389 | |
| Amphenol Corp. | |
| | | |
| | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS IG CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 3.80%, 11/15/27 | |
$ | 25 | | |
$ | 24,861 | |
| Apple, Inc. | |
| | | |
| | |
| 1.65%, 05/11/30 | |
| 25 | | |
| 22,695 | |
| 2.38%, 02/08/41 | |
| 100 | | |
| 70,984 | |
| 2.65%, 05/11/50 | |
| 150 | | |
| 91,908 | |
| 2.65%, 02/08/51 | |
| 75 | | |
| 45,645 | |
| 2.90%, 09/12/27 | |
| 100 | | |
| 98,652 | |
| 2.95%, 09/11/49 | |
| 50 | | |
| 32,980 | |
| 3.45%, 02/09/45 | |
| 25 | | |
| 19,069 | |
| 3.85%, 05/04/43 | |
| 125 | | |
| 103,575 | |
| 3.85%, 08/04/46 | |
| 25 | | |
| 19,921 | |
| 3.95%, 08/08/52 | |
| 25 | | |
| 19,404 | |
| 4.65%, 02/23/46 | |
| 50 | | |
| 44,978 | |
| Ares Capital Corp. | |
| | | |
| | |
| 2.88%, 06/15/28 | |
| 75 | | |
| 71,610 | |
| 5.88%, 03/01/29 | |
| 25 | | |
| 25,257 | |
| 5.95%, 07/15/29 | |
| 75 | | |
| 75,681 | |
| AT&T, Inc. | |
| | | |
| | |
| 2.30%, 06/01/27 | |
| 75 | | |
| 73,418 | |
| 3.80%, 12/01/57 | |
| 250 | | |
| 166,769 | |
| 3.85%, 06/01/60 | |
| 50 | | |
| 33,332 | |
Bank of New York Mellon Corp. 3.30%, 08/23/29 | |
| 50 | | |
| 48,225 | |
| Berkshire Hathaway Energy Co. | |
| | | |
| | |
| 2.85%, 05/15/51 | |
| 50 | | |
| 30,171 | |
| 3.70%, 07/15/30 | |
| 50 | | |
| 48,568 | |
| 3.80%, 07/15/48 | |
| 25 | | |
| 18,416 | |
| 4.25%, 10/15/50 | |
| 25 | | |
| 19,612 | |
| 4.45%, 01/15/49 | |
| 100 | | |
| 81,772 | |
| 4.60%, 05/01/53 | |
| 25 | | |
| 20,577 | |
| 5.15%, 11/15/43 | |
| 25 | | |
| 23,544 | |
| 6.12%, 04/01/36 | |
| 25 | | |
| 26,804 | |
| Berkshire Hathaway Finance Corp. | |
| | | |
| | |
| 1.45%, 10/15/30 | |
| 50 | | |
| 44,546 | |
| 2.85%, 10/15/50 | |
| 125 | | |
| 78,874 | |
| 2.88%, 03/15/32 | |
| 25 | | |
| 23,188 | |
| 3.85%, 03/15/52 | |
| 100 | | |
| 75,507 | |
| 4.20%, 08/15/48 | |
| 75 | | |
| 61,524 | |
| 4.25%, 01/15/49 | |
| 75 | | |
| 61,536 | |
Blue Owl Capital Corp. 2.88%, 06/11/28 | |
| 75 | | |
| 70,378 | |
Boston Scientific Corp. 2.65%, 06/01/30 | |
| 50 | | |
| 46,616 | |
Broadcom, Inc. 144A 4.15%, 04/15/32 | |
| 100 | | |
| 97,037 | |
Broadridge Financial Solutions, Inc. 2.90%, 12/01/29 | |
| 25 | | |
| 23,466 | |
Cameron LNG LLC 144A 3.30%, 01/15/35 | |
| 25 | | |
| 21,854 | |
| Capital One Financial Corp. | |
| | | |
| | |
| 2.36% (SOFR+1.34%), 07/29/32 (a) | |
| 50 | | |
| 43,108 | |
| 5.20% (SOFR+1.63%), 09/11/36 (a) | |
| 100 | | |
| 97,030 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 6.05% (SOFR+2.26%), 02/01/35 (a) | |
$ | 25 | | |
$ | 25,948 | |
| 6.18% (SOFR+2.04%), 01/30/36 (a) | |
| 100 | | |
| 101,896 | |
| 6.38% (SOFR+2.86%), 06/08/34 (a) | |
| 50 | | |
| 52,878 | |
| 7.96% (SOFR Compound Index+3.37%), 11/02/34 (a) | |
| 25 | | |
| 28,850 | |
| Charter Communications Operating LLC / Charter Communications Operating Capital | |
| | | |
| | |
| 3.50%, 06/01/41 | |
| 75 | | |
| 52,069 | |
| 3.70%, 04/01/51 | |
| 100 | | |
| 61,397 | |
| 4.40%, 12/01/61 | |
| 25 | | |
| 15,972 | |
| 5.38%, 04/01/38 | |
| 125 | | |
| 112,431 | |
| 5.38%, 05/01/47 | |
| 25 | | |
| 20,002 | |
| 5.50%, 04/01/63 | |
| 25 | | |
| 19,125 | |
| 5.75%, 04/01/48 | |
| 175 | | |
| 146,610 | |
| 6.48%, 10/23/45 | |
| 75 | | |
| 69,168 | |
| 6.65%, 02/01/34 | |
| 50 | | |
| 51,875 | |
| Cheniere Corpus Christi Holdings LLC | |
| | | |
| | |
| 3.70%, 11/15/29 | |
| 50 | | |
| 48,588 | |
| 5.12%, 06/30/27 | |
| 50 | | |
| 50,225 | |
Citigroup, Inc. 6.02% (SOFR+1.83%), 01/24/36 (a) | |
| 125 | | |
| 128,385 | |
| Coca-Cola Co. | |
| | | |
| | |
| 1.38%, 03/15/31 | |
| 50 | | |
| 43,762 | |
| 1.45%, 06/01/27 | |
| 50 | | |
| 48,702 | |
| 1.65%, 06/01/30 | |
| 50 | | |
| 45,232 | |
| 2.00%, 03/05/31 | |
| 25 | | |
| 22,556 | |
| 2.25%, 01/05/32 | |
| 75 | | |
| 67,339 | |
| 2.50%, 06/01/40 | |
| 125 | | |
| 91,798 | |
| 2.88%, 05/05/41 | |
| 100 | | |
| 75,654 | |
| 3.45%, 03/25/30 | |
| 75 | | |
| 73,067 | |
| 5.40%, 05/13/64 | |
| 25 | | |
| 23,816 | |
| Conagra Brands, Inc. | |
| | | |
| | |
| 1.38%, 11/01/27 | |
| 25 | | |
| 23,834 | |
| 5.30%, 11/01/38 | |
| 50 | | |
| 46,616 | |
| 5.40%, 11/01/48 † | |
| 25 | | |
| 21,406 | |
| Constellation Brands, Inc. | |
| | | |
| | |
| 2.25%, 08/01/31 | |
| 50 | | |
| 44,204 | |
| 3.15%, 08/01/29 | |
| 25 | | |
| 23,962 | |
| 4.90%, 05/01/33 | |
| 25 | | |
| 24,759 | |
CoStar Group, Inc. 144A 2.80%, 07/15/30 | |
| 25 | | |
| 22,716 | |
| Costco Wholesale Corp. | |
| | | |
| | |
| 1.60%, 04/20/30 | |
| 50 | | |
| 45,309 | |
| 3.00%, 05/18/27 | |
| 100 | | |
| 99,133 | |
DT Midstream, Inc. 144A 4.12%, 06/15/29 | |
| 50 | | |
| 48,962 | |
Duke Energy Florida LLC 6.40%, 06/15/38 | |
| 25 | | |
| 27,357 | |
Entergy Louisiana LLC 4.00%, 03/15/33 | |
| 25 | | |
| 23,836 | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS IG CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 4.20%, 09/01/48 | |
$ | 25 | | |
$ | 19,888 | |
| Equinix, Inc. | |
| | | |
| | |
| 2.15%, 07/15/30 | |
| 50 | | |
| 45,071 | |
| 3.20%, 11/18/29 † | |
| 75 | | |
| 71,610 | |
| 3.90%, 04/15/32 | |
| 125 | | |
| 118,668 | |
| Fifth Third Bancorp | |
| | | |
| | |
| 2.55%, 05/05/27 | |
| 25 | | |
| 24,588 | |
| 8.25%, 03/01/38 | |
| 25 | | |
| 30,229 | |
First Citizens BancShares, Inc. 6.25% (US Treasury Yield Curve Rate T 5 Year+1.97%), 03/12/40 (a) | |
| 25 | | |
| 24,555 | |
| General Mills, Inc. | |
| | | |
| | |
| 2.88%, 04/15/30 | |
| 25 | | |
| 23,358 | |
| 4.20%, 04/17/28 | |
| 50 | | |
| 49,747 | |
| 4.95%, 03/29/33 | |
| 25 | | |
| 24,797 | |
| 5.25%, 01/30/35 † | |
| 25 | | |
| 24,889 | |
| GLP Capital LP / GLP Financing II, Inc. | |
| | | |
| | |
| 3.25%, 01/15/32 | |
| 25 | | |
| 22,466 | |
| 5.30%, 01/15/29 | |
| 50 | | |
| 50,549 | |
| 5.62%, 03/01/36 | |
| 25 | | |
| 24,589 | |
Golub Capital BDC, Inc. 6.00%, 07/15/29 † | |
| 25 | | |
| 25,079 | |
| HCA, Inc. | |
| | | |
| | |
| 2.38%, 07/15/31 | |
| 100 | | |
| 88,754 | |
| 4.12%, 06/15/29 | |
| 75 | | |
| 74,002 | |
| 5.25%, 06/15/49 | |
| 25 | | |
| 22,115 | |
| 5.50%, 06/15/47 | |
| 100 | | |
| 91,887 | |
| Home Depot, Inc. | |
| | | |
| | |
| 1.38%, 03/15/31 | |
| 75 | | |
| 64,995 | |
| 2.70%, 04/15/30 | |
| 100 | | |
| 94,121 | |
| 3.12%, 12/15/49 | |
| 50 | | |
| 33,214 | |
| 5.95%, 04/01/41 | |
| 25 | | |
| 26,453 | |
| International Flavors & Fragrances, Inc. 144A | |
| | | |
| | |
| 1.83%, 10/15/27 | |
| 25 | | |
| 24,005 | |
| 2.30%, 11/01/30 | |
| 50 | | |
| 44,740 | |
| 3.47%, 12/01/50 | |
| 25 | | |
| 16,685 | |
ITC Holdings Corp. 144A 4.95%, 09/22/27 | |
| 25 | | |
| 25,132 | |
| Keurig Dr. Pepper, Inc. | |
| | | |
| | |
| 3.80%, 05/01/50 | |
| 75 | | |
| 52,735 | |
| 3.95%, 04/15/29 | |
| 50 | | |
| 49,114 | |
| 4.05%, 04/15/32 | |
| 25 | | |
| 23,737 | |
| 4.60%, 05/25/28 | |
| 75 | | |
| 75,079 | |
| Kraft Heinz Foods Co. | |
| | | |
| | |
| 3.88%, 05/15/27 | |
| 50 | | |
| 49,776 | |
| 4.38%, 06/01/46 | |
| 100 | | |
| 78,415 | |
| 5.00%, 06/04/42 | |
| 75 | | |
| 66,350 | |
| 5.20%, 07/15/45 | |
| 50 | | |
| 43,828 | |
| 6.88%, 01/26/39 | |
| 25 | | |
| 27,236 | |
Kraft Heinz Foods Co. 144A 7.12%, 08/01/39 | |
| 25 | | |
| 27,427 | |
Kroger Co. 5.00%, 09/15/34 | |
| 100 | | |
| 98,817 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 5.65%, 09/15/64 † | |
$ | 50 | | |
$ | 46,502 | |
| Lowe’s Cos, Inc. | |
| | | |
| | |
| 3.00%, 10/15/50 | |
| 50 | | |
| 30,950 | |
| 3.10%, 05/03/27 | |
| 75 | | |
| 74,320 | |
| 4.45%, 04/01/62 | |
| 25 | | |
| 19,012 | |
LPL Holdings, Inc. 144A 4.00%, 03/15/29 | |
| 25 | | |
| 24,355 | |
M&T Bank Corp. 5.38% (SOFR+1.61%), 01/16/36 (a) | |
| 25 | | |
| 24,921 | |
| Marriott International, Inc. | |
| | | |
| | |
| 2.85%, 04/15/31 | |
| 100 | | |
| 91,699 | |
| 3.50%, 10/15/32 | |
| 50 | | |
| 46,099 | |
| 4.90%, 04/15/29 | |
| 25 | | |
| 25,302 | |
| 5.50%, 04/15/37 | |
| 100 | | |
| 100,176 | |
| Mastercard, Inc. | |
| | | |
| | |
| 2.00%, 11/18/31 | |
| 75 | | |
| 66,678 | |
| 2.95%, 06/01/29 | |
| 50 | | |
| 48,262 | |
| 4.10%, 01/15/28 | |
| 50 | | |
| 50,068 | |
| 4.35%, 01/15/32 | |
| 75 | | |
| 74,496 | |
| 4.85%, 03/09/33 | |
| 25 | | |
| 25,351 | |
| 4.88%, 03/09/28 | |
| 25 | | |
| 25,366 | |
McCormick & Co., Inc. 3.40%, 08/15/27 | |
| 25 | | |
| 24,695 | |
| McDonald’s Corp. | |
| | | |
| | |
| 2.12%, 03/01/30 | |
| 50 | | |
| 46,062 | |
| 2.62%, 09/01/29 | |
| 40 | | |
| 37,974 | |
| 3.50%, 07/01/27 | |
| 25 | | |
| 24,803 | |
| 3.60%, 07/01/30 | |
| 25 | | |
| 24,296 | |
| 3.62%, 09/01/49 | |
| 50 | | |
| 35,981 | |
| 4.45%, 03/01/47 | |
| 50 | | |
| 41,859 | |
| 4.60%, 09/09/32 † | |
| 75 | | |
| 75,377 | |
| 4.70%, 12/09/35 | |
| 25 | | |
| 24,491 | |
| 4.88%, 12/09/45 | |
| 75 | | |
| 67,012 | |
| 4.95%, 03/03/35 | |
| 25 | | |
| 24,897 | |
| 5.00%, 02/13/36 | |
| 25 | | |
| 24,924 | |
| 6.30%, 10/15/37 | |
| 25 | | |
| 27,368 | |
| 6.30%, 03/01/38 | |
| 25 | | |
| 27,309 | |
| Meta Platforms, Inc. | |
| | | |
| | |
| 4.60%, 11/15/32 | |
| 75 | | |
| 74,136 | |
| 4.65%, 08/15/62 | |
| 75 | | |
| 56,893 | |
| 4.95%, 05/15/33 | |
| 100 | | |
| 100,421 | |
| 5.50%, 11/15/45 | |
| 300 | | |
| 278,974 | |
| 5.75%, 05/15/63 | |
| 50 | | |
| 46,132 | |
| Microsoft Corp. | |
| | | |
| | |
| 2.50%, 09/15/50 | |
| 100 | | |
| 58,819 | |
| 2.52%, 06/01/50 | |
| 400 | | |
| 236,332 | |
| Mondelez International, Inc. | |
| | | |
| | |
| 2.62%, 09/04/50 † | |
| 25 | | |
| 14,805 | |
| 2.75%, 04/13/30 | |
| 25 | | |
| 23,383 | |
| 3.00%, 03/17/32 | |
| 50 | | |
| 45,381 | |
| MPLX LP | |
| | | |
| | |
| 5.00%, 01/15/33 | |
| 75 | | |
| 74,668 | |
| 5.00%, 03/01/33 | |
| 25 | | |
| 24,882 | |
| Nestle Holdings, Inc. 144A | |
| | | |
| | |
| 1.00%, 09/15/27 | |
| 45 | | |
| 43,150 | |
| 5.00%, 03/14/28 | |
| 25 | | |
| 25,409 | |
| Netflix, Inc. | |
| | | |
| | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS IG CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 6.38%, 05/15/29 | |
$ | 25 | | |
$ | 26,439 | |
Netflix, Inc. 144A 5.38%, 11/15/29 | |
| 50 | | |
| 51,385 | |
News Corp. 144A 3.88%, 05/15/29 | |
| 25 | | |
| 24,186 | |
NiSource, Inc. 3.49%, 05/15/27 | |
| 50 | | |
| 49,606 | |
Novartis Capital Corp. 3.10%, 05/17/27 | |
| 25 | | |
| 24,810 | |
NVR, Inc. 3.00%, 05/15/30 | |
| 25 | | |
| 23,559 | |
| Oracle Corp. | |
| | | |
| | |
| 3.65%, 03/25/41 | |
| 130 | | |
| 92,299 | |
| 3.80%, 11/15/37 | |
| 35 | | |
| 27,692 | |
| 3.85%, 04/01/60 † | |
| 75 | | |
| 43,488 | |
| 3.95%, 03/25/51 | |
| 125 | | |
| 78,624 | |
| 4.00%, 07/15/46 | |
| 75 | | |
| 50,091 | |
| 4.12%, 05/15/45 | |
| 75 | | |
| 51,434 | |
| 4.30%, 07/08/34 | |
| 50 | | |
| 44,493 | |
| 5.38%, 07/15/40 | |
| 75 | | |
| 65,382 | |
| 5.88%, 09/26/45 | |
| 50 | | |
| 43,103 | |
| 6.50%, 04/15/38 | |
| 25 | | |
| 25,048 | |
O’Reilly Automotive, Inc. 3.60%, 09/01/27 | |
| 25 | | |
| 24,755 | |
| Pacific Gas and Electric Co. | |
| | | |
| | |
| 2.50%, 02/01/31 | |
| 25 | | |
| 22,494 | |
| 3.00%, 06/15/28 | |
| 50 | | |
| 48,360 | |
| 3.25%, 06/01/31 | |
| 25 | | |
| 23,157 | |
| 3.75%, 07/01/28 | |
| 25 | | |
| 24,558 | |
| 4.50%, 07/01/40 | |
| 75 | | |
| 64,541 | |
| 4.55%, 07/01/30 | |
| 75 | | |
| 74,169 | |
| 5.55%, 05/15/29 | |
| 84 | | |
| 85,918 | |
| 5.70%, 03/01/35 | |
| 20 | | |
| 20,268 | |
| 6.10%, 01/15/29 | |
| 35 | | |
| 36,179 | |
| 6.15%, 01/15/33 | |
| 75 | | |
| 78,643 | |
| 6.15%, 03/01/55 | |
| 25 | | |
| 24,290 | |
| 6.75%, 01/15/53 | |
| 50 | | |
| 52,247 | |
| PepsiCo, Inc. | |
| | | |
| | |
| 2.62%, 07/29/29 | |
| 175 | | |
| 166,926 | |
| 2.62%, 10/21/41 | |
| 50 | | |
| 35,764 | |
| 2.75%, 03/19/30 | |
| 50 | | |
| 47,313 | |
| 2.75%, 10/21/51 | |
| 25 | | |
| 15,358 | |
| 2.88%, 10/15/49 | |
| 50 | | |
| 32,211 | |
| 3.00%, 10/15/27 | |
| 50 | | |
| 49,344 | |
| 3.60%, 02/18/28 | |
| 25 | | |
| 24,800 | |
| 3.62%, 03/19/50 | |
| 50 | | |
| 36,961 | |
| 4.45%, 04/14/46 | |
| 50 | | |
| 43,446 | |
| 4.65%, 07/23/32 | |
| 25 | | |
| 25,179 | |
| 5.00%, 02/07/35 † | |
| 25 | | |
| 25,261 | |
| 5.00%, 07/23/35 † | |
| 75 | | |
| 75,698 | |
| Philip Morris International, Inc. | |
| | | |
| | |
| 3.38%, 08/15/29 | |
| 100 | | |
| 96,963 | |
| 4.62%, 11/01/29 | |
| 50 | | |
| 50,407 | |
| 4.88%, 02/13/29 | |
| 50 | | |
| 50,664 | |
| 5.12%, 02/15/30 | |
| 50 | | |
| 51,075 | |
| 5.12%, 02/13/31 | |
| 25 | | |
| 25,578 | |
| 5.38%, 02/15/33 | |
| 75 | | |
| 77,162 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
| 5.62%, 11/17/29 | |
$ | 50 | | |
$ | 51,862 | |
| 5.75%, 11/17/32 | |
| 50 | | |
| 52,643 | |
Pioneer Natural Resources Co. 2.15%, 01/15/31 | |
| 25 | | |
| 22,585 | |
Procter & Gamble Co. 3.00%, 03/25/30 | |
| 50 | | |
| 47,905 | |
Public Service Co. of Colorado 5.15%, 09/15/35 | |
| 25 | | |
| 24,878 | |
| Republic Services, Inc. | |
| | | |
| | |
| 1.75%, 02/15/32 | |
| 25 | | |
| 21,456 | |
| 3.95%, 05/15/28 | |
| 50 | | |
| 49,741 | |
| 5.00%, 04/01/34 | |
| 25 | | |
| 25,279 | |
| Roper Technologies, Inc. | |
| | | |
| | |
| 4.20%, 09/15/28 | |
| 25 | | |
| 24,809 | |
| 5.10%, 09/15/35 † | |
| 75 | | |
| 72,851 | |
Sherwin-Williams Co. 3.45%, 06/01/27 | |
| 75 | | |
| 74,351 | |
| Sprint Capital Corp. | |
| | | |
| | |
| 6.88%, 11/15/28 | |
| 75 | | |
| 79,199 | |
| 8.75%, 03/15/32 | |
| 75 | | |
| 89,266 | |
Stryker Corp. 4.25%, 09/11/29 | |
| 50 | | |
| 49,797 | |
| Sysco Corp. | |
| | | |
| | |
| 3.25%, 07/15/27 | |
| 50 | | |
| 49,284 | |
| 5.95%, 04/01/30 | |
| 25 | | |
| 26,022 | |
| T-Mobile USA, Inc. | |
| | | |
| | |
| 2.05%, 02/15/28 | |
| 50 | | |
| 48,011 | |
| 2.25%, 11/15/31 | |
| 125 | | |
| 109,853 | |
| 2.62%, 02/15/29 | |
| 75 | | |
| 71,408 | |
| 3.00%, 02/15/41 | |
| 75 | | |
| 54,824 | |
| 3.30%, 02/15/51 | |
| 50 | | |
| 32,436 | |
| 3.40%, 10/15/52 | |
| 50 | | |
| 32,613 | |
| 3.88%, 04/15/30 | |
| 75 | | |
| 73,043 | |
| 4.38%, 04/15/40 | |
| 150 | | |
| 131,260 | |
| 4.70%, 01/15/35 | |
| 25 | | |
| 24,148 | |
| Tyson Foods, Inc. | |
| | | |
| | |
| 3.55%, 06/02/27 | |
| 75 | | |
| 74,363 | |
| 4.35%, 03/01/29 | |
| 50 | | |
| 49,875 | |
| 5.10%, 09/28/48 | |
| 50 | | |
| 45,387 | |
United Rentals North America, Inc. 144A 6.00%, 12/15/29 | |
| 50 | | |
| 50,887 | |
| Verizon Communications, Inc. | |
| | | |
| | |
| 1.75%, 01/20/31 | |
| 100 | | |
| 87,940 | |
| 2.35%, 03/15/32 | |
| 150 | | |
| 131,202 | |
| 2.55%, 03/21/31 | |
| 100 | | |
| 90,976 | |
| 2.99%, 10/30/56 | |
| 125 | | |
| 72,901 | |
| 4.02%, 12/03/29 | |
| 100 | | |
| 98,636 | |
| VICI Properties LP | |
| | | |
| | |
| 4.75%, 02/15/28 | |
| 25 | | |
| 25,043 | |
| 4.95%, 02/15/30 | |
| 25 | | |
| 25,009 | |
| 5.12%, 05/15/32 | |
| 75 | | |
| 74,384 | |
VICI Properties LP / VICI Note Co., Inc. 144A 4.12%, 08/15/30 | |
| 75 | | |
| 72,046 | |
See Notes to Financial Statements
VANECK MOODY’S ANALYTICS IG CORPORATE BOND ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| United
States (continued) | |
| | | |
| | |
| 4.62%, 12/01/29 | |
$ | 50 | | |
$ | 49,232 | |
| Visa,
Inc. | |
| | | |
| | |
| 2.05%,04/15/30 | |
| 75 | | |
| 69,101 | |
| 2.75%,
09/15/27 | |
| 25 | | |
| 24,590 | |
| Vistra Operations Co. LLC 144A | |
| | | |
| | |
| 5.25%,
10/15/35 | |
| 75 | | |
| 72,828 | |
| 5.70%,
12/30/34 | |
| 25 | | |
| 25,261 | |
| 6.95%,
10/15/33 | |
| 50 | | |
| 54,484 | |
VMware
LLC 2.20%,
08/15/31 | |
| 75 | | |
| 66,404 | |
| Walmart,
Inc. | |
| | | |
| | |
| 2.50%,
09/22/41 | |
| 75 | | |
| 53,967 | |
| 4.35%,
04/28/30 | |
| 50 | | |
| 50,435 | |
| 4.90%,
04/28/35 | |
| 25 | | |
| 25,327 | |
| Waste
Management, Inc. | |
| | | |
| | |
| 1.50%,
03/15/31 | |
| 75 | | |
| 65,285 | |
| 3.15%,
11/15/27 | |
| 100 | | |
| 98,625 | |
| 4.15%,
04/15/32 | |
| 25 | | |
| 24,521 | |
| 4.80%,
03/15/32 | |
| 25 | | |
| 25,291 | |
| 4.88%,
02/15/29 | |
| 50 | | |
| 50,783 | |
| 4.95%,
03/15/35 | |
| 50 | | |
| 50,097 | |
| | |
Par
(000’s | ) | |
Value | |
| United States (continued) | |
| | | |
| | |
Westinghouse Air Brake Technologies Corp. 4.70%, 09/15/28 | |
$ | 50 | | |
$ | 50,163 | |
Weyerhaeuser Co. 4.00%, 04/15/30 | |
| 50 | | |
| 48,743 | |
Williams Companies Inc. 3.75%, 06/15/27 | |
| 50 | | |
| 49,683 | |
| | |
| | | |
| 14,744,195 | |
Total Corporate Bonds
(Cost: $19,344,245) | |
| | | |
| 18,888,923 | |
| | |
| | | |
| | |
| | |
Number
of Shares | | |
| | |
| SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.9% | |
| | | |
| | |
Money Market Fund: 0.9%
(Cost: $182,156) | |
| | | |
| | |
| State Street Navigator Securities Lending Government Money Market Portfolio 3.67%(b) | |
| 182,156 | | |
| 182,156 | |
Total Investments: 99.4%
(Cost: $19,526,401) | |
| | | |
| 19,071,079 | |
| Other assets less liabilities: 0.6% | |
| | | |
| 121,494 | |
| NET ASSETS: 100.0% | |
| | | |
$ | 19,192,573 | |
Definitions:
Definitions:
| SOFR |
Secured Overnight Financing Rate |
Footnotes:
| (a) |
Variable rate security -the rate shown is as of 04/30/26 |
| (b) |
The rate shown is the 7-day yield as of 04/30/26. |
| † |
Security fully or partially on loan. Total market value of securities on loan is $440,772. |
| 144A |
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, unless otherwise noted. These securities have an aggregate value of $3,275,301, or 17.1% of net assets. |
The summary of inputs used to value the Fund’s investments as of April
30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Corporate Bonds * | |
$ | — | | |
$ | 18,888,923 | | |
$ | — | | |
$ | 18,888,923 | |
| Money Market Fund | |
| 182,156 | | |
| — | | |
| — | | |
| 182,156 | |
| Total Investments | |
$ | 182,156 | | |
$ | 18,888,923 | | |
$ | — | | |
$ | 19,071,079 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| |
|
Par
(000’s | ) | |
Value | |
| MUNICIPAL BONDS: 94.3% |
|
| | | |
| | |
| Alabama: 5.6% |
|
| | | |
| | |
Baldwin County Industrial Development Authority (RB) 4.30%, 03/01/56 (c) (p) |
|
$ | 1,750 | | |
$ | 1,716,390 | |
Baldwin County Industrial Development Authority, Solid Waste Disposal, Series A (RB) 5.00%, 06/01/55 (c) (p) |
|
| 3,500 | | |
| 3,577,846 | |
Baldwin County, Alabama Industrial Development Authority, Series B (RB) 4.62%, 06/01/55 (c) (p) |
|
| 250 | | |
| 252,077 | |
| Black Belt Energy Gas District (RB) |
|
| | | |
| | |
| 5.00%, 07/01/28 |
|
| 500 | | |
| 514,825 | |
| 5.00%, 07/01/33 (c) |
|
| 500 | | |
| 525,553 | |
| 5.00%, 12/01/34 (c) |
|
| 500 | | |
| 525,165 | |
Black Belt Energy Gas District, Project No. 7, Series C-1 (RB) 4.00%, 10/01/52 (c) (p) |
|
| 500 | | |
| 502,371 | |
Black Belt Energy Gas District, Project No. 8, Series A (RB) 4.00%, 12/01/52 (c) (p) |
|
| 2,000 | | |
| 2,015,949 | |
Black Belt Energy Gas District, Series A (RB)
5.25%, 05/01/56 (c) (p) |
|
| 500 | | |
| 508,388 | |
Black Belt Energy Gas District, Series B (RB)
5.00%, 10/01/35 (c) |
|
| 1,000 | | |
| 1,003,609 | |
Black Belt Energy Gas District, Series E (RB)
5.00%, 12/01/55 (c) (p) |
|
| 3,500 | | |
| 3,716,274 | |
City of Birmingham, Special Care Facilities Financing Authority, Methodist Home (RB) 5.50%, 06/01/30 (c) |
|
| 500 | | |
| 500,279 | |
County of Jefferson, Alabama Sewer (RB) 5.00%, 10/01/35 (c) |
|
| 500 | | |
| 551,859 | |
Energy Southeast, A Cooperative District Energy Supply, Series A (RB) 5.00%, 11/01/35 (c) |
|
| 250 | | |
| 262,748 | |
Energy Southeast, A Cooperative District Energy Supply, Series B (RB) 5.00%, 09/01/33 (c) |
|
| 500 | | |
| 512,315 | |
Energy Southeast, Cooperative District Energy Supply, Series B (RB) 5.25%, 07/01/54 (c) (p) |
|
| 500 | | |
| 534,080 | |
Hoover Industrial Development Board, United States Steel Corp. Project (RB) 6.38%, 11/01/50 (p) |
|
| 390 | | |
| 431,071 | |
Lower Alabama Gas District Gas Project, Series A (RB) 5.00%, 12/01/33 (c) |
|
| 500 | | |
| 523,137 | |
| |
|
Par
(000’s | ) | |
Value | |
| Alabama (continued) | |
| | | |
| | |
Selma Alabama Industrial Development Board, International Paper Co. Project, Series A (RB) 4.20%, 05/01/34 | |
$ | 250 | | |
$ | 258,936 | |
Southeast Alabama Gas Supply District, Series B (RB) 5.00%, 06/01/49 (c) (p) | |
| 1,000 | | |
| 1,053,091 | |
Southeast Energy Authority A Cooperative District (RB) 5.50%, 01/01/53 (c) (p) | |
| 1,000 | | |
| 1,063,488 | |
Southeast Energy Authority, A Cooperative District Energy Supply, Series E (RB) 5.00%, 10/01/30 (c) | |
| 500 | | |
| 534,591 | |
Southeast Energy Authority, Cooperative District Energy Supply, Series A (RB) 5.00%, 11/01/35 (c) | |
| 1,500 | | |
| 1,537,221 | |
The Black Belt Energy Gas District Gas Project, Series F (RB) 5.00%, 12/01/35 (c) | |
| 500 | | |
| 530,156 | |
The Black Belt Energy Gas District Gas Project, Series G (RB) 5.00%, 10/01/35 (c) | |
| 500 | | |
| 525,590 | |
| | |
| | | |
| 23,677,009 | |
| American Samoa: 0.1% | |
| | | |
| | |
American Samoa Economic Development Authority, Series A (RB) 5.00%, 09/01/28 | |
| 250 | | |
| 256,359 | |
| Arizona: 1.7% | |
| | | |
| | |
Arizona Industrial Development Authority, Basis School Projects, Series A (RB) 4.75%, 07/01/29 (c) | |
| 800 | | |
| 804,449 | |
Arizona Industrial Development Authority, Education Facility, Leman Academy of Excellence, East and Central Tucson Projects, Series A (RB) 4.00%, 07/01/29 (c) | |
| 350 | | |
| 348,631 | |
Arizona Industrial Development Authority, Pinecrest Academy of Nevada, Cadence Campus Project, Series A (RB) 4.00%, 07/15/30 (c) | |
| 330 | | |
| 330,392 | |
Arizona Industrial Development Authority, Point 320 LLC, Series A (RB) 3.62%, 05/20/33 | |
| 388 | | |
| 387,811 | |
Arizona Industrial Development Authority, Series A (RB) 4.88%, 07/01/60 (c) (p) | |
| 250 | | |
| 257,680 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| |
|
Par
(000’s | ) | |
Value | |
| Arizona (continued) | |
| | | |
| | |
City of Phoenix Civic Improvement Corporation Junior Lien Airport, Series B (RB) 4.00%, 07/01/37 (c) | |
$ | 500 | | |
$ | 495,029 | |
Industrial Development Authority of the City of Phoenix, Basis Schools, Inc. Project, Series A (RB) 5.00%, 07/01/35 (c) | |
| 900 | | |
| 900,154 | |
Industrial Development Authority of the City of Sierra Vista, American Leadership Academy Johnston, Series A (RB) 5.00%, 06/15/36 (c) | |
| 250 | | |
| 244,523 | |
Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series B (RB) 4.00%, 07/01/29 | |
| 1,340 | | |
| 1,343,217 | |
| Salt Verde Financial Corp. (RB) | |
| | | |
| | |
| 5.00%, 12/01/37 | |
| 1,000 | | |
| 1,060,937 | |
| 5.25%, 12/01/28 | |
| 10 | | |
| 10,445 | |
| 5.50%, 12/01/29 | |
| 370 | | |
| 394,826 | |
Sierra Vista Industrial Development Authority, Wake Preparatory Academy (RB) 5.25%, 06/15/35 (c) | |
| 225 | | |
| 230,852 | |
The Industrial Development Authority of The City of Chandler, Arizona Industrial Development (RB) 4.10%, 12/01/37 (c) (p) | |
| 250 | | |
| 252,482 | |
| | |
| | | |
| 7,061,428 | |
| Arkansas: 0.3% | |
| | | |
| | |
Arkansas Development Finance Authority, United States Steel Corp. Project, Series A (RB) 4.00%, 09/01/46 (p) | |
| 500 | | |
| 499,193 | |
Arkansas Development Finance Authority, United States Steel Corp. Project, Series B (RB) 4.25%, 09/01/46 (p) | |
| 750 | | |
| 747,785 | |
| | |
| | | |
| 1,246,978 | |
| California: 12.4% | |
| | | |
| | |
Alameda Corridor Transportation Authority, Second Subordinate Lien, Series B (RB) 5.00%, 10/01/36 (c) | |
| 500 | | |
| 503,162 | |
California Community Choice Financing Authority Clean Energy Project, Series A-1 (RB) 5.00%, 04/01/56 (c) (p) | |
| 500 | | |
| 536,160 | |
| |
|
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Community Choice Financing Authority Clean Energy Project, Series D (RB) 5.00%, 02/01/31 (c) | |
$ | 500 | | |
$ | 531,627 | |
California Community Choice Financing Authority Clean Energy Project, Series G (RB) 5.00%, 12/01/35 (c) | |
| 500 | | |
| 544,131 | |
California Community Choice Financing Authority, Clean Energy Project, Series A (RB) 5.00%, 01/01/56 (c) (p) | |
| 750 | | |
| 771,226 | |
California Community Choice Financing Authority, Clean Energy Project, Series A-1 (RB) 5.00%, 12/01/53 (c) (p) | |
| 1,000 | | |
| 1,045,429 | |
| California Community Choice Financing Authority, Clean Energy Project, Series B (RB) | |
| | | |
| | |
| 5.00%, 01/01/55 (c) (p) | |
| 1,235 | | |
| 1,264,181 | |
| 5.00%, 03/01/56 (c) (p) | |
| 500 | | |
| 533,886 | |
California Community Choice Financing Authority, Clean Energy Project, Series B-1 (RB) 5.00%, 07/01/53 (c) (p) | |
| 500 | | |
| 521,887 | |
| California Community Choice Financing Authority, Clean Energy Project, Series C (RB) | |
| | | |
| | |
| 5.00%, 08/01/55 (c) (p) | |
| 1,000 | | |
| 1,043,440 | |
| 5.25%, 01/01/54 (c) (p) | |
| 1,500 | | |
| 1,587,799 | |
| California Community Choice Financing Authority, Clean Energy Project, Series D (RB) | |
| | | |
| | |
| 5.00%, 10/01/55 (c) (p) | |
| 2,000 | | |
| 2,024,002 | |
| 5.50%, 05/01/54 (c) (p) | |
| 2,500 | | |
| 2,613,900 | |
| California Community Choice Financing Authority, Clean Energy Project, Series E (RB) | |
| | | |
| | |
| 5.00%, 02/01/55 (c) (p) | |
| 1,000 | | |
| 1,061,167 | |
| 5.00%, 10/01/56 (c) (p) | |
| 1,000 | | |
| 1,072,443 | |
California Community Choice Financing Authority, Clean Energy Project, Series F (RB) 5.00%, 02/01/55 (c) (p) | |
| 1,000 | | |
| 1,062,464 | |
California Community Choice Financing Authority, Clean Energy Project, Series G-1 (RB) 5.25%, 11/01/54 (c) (p) | |
| 1,000 | | |
| 1,059,267 | |
California Health Facilities Financing Authority, Adventist Health System, Series A (RB) 5.00%, 12/01/34 (c) | |
| 1,000 | | |
| 1,106,843 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| |
|
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Health Facilities Financing Authority, Providence St. Joseph Health, Series A (RB) 5.00%, 10/01/50 (c) (p) | |
$ | 250 | | |
$ | 277,156 | |
California Health Facilities Financing Authority, Series A (RB) 5.00%, 12/01/35 (c) | |
| 1,000 | | |
| 1,115,340 | |
California Housing Finance Agency, Series A (RB) 4.00%, 03/20/33 | |
| 2,449 | | |
| 2,503,666 | |
California Infrastructure & Economic Dev Bk Rev Sr Secd Amt Bds Brightline West Passenger Rail, Series B (RB) 12.00%, 01/01/65 (c) (p) | |
| 5,885 | | |
| 3,413,300 | |
California Municipal Finance Authority, Baptist University, Series A (RB) 5.00%, 11/01/35 (c) | |
| 250 | | |
| 264,485 | |
California Municipal Finance Authority, California Baptist University, Series A (RB) 5.00%, 11/01/36 (c) | |
| 250 | | |
| 250,356 | |
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project, Series A (RB) 5.00%, 05/15/30 (c) | |
| 340 | | |
| 356,135 | |
| California Municipal Finance Authority, Community Medical Centers, Series A (RB) | |
| | | |
| | |
| 5.00%, 02/01/27 | |
| 50 | | |
| 50,575 | |
| 5.00%, 02/01/28 (c) | |
| 50 | | |
| 50,650 | |
| California Municipal Finance Authority, LINXS APM Project, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/30/27 | |
| 610 | | |
| 620,041 | |
| 5.00%, 06/30/28 | |
| 220 | | |
| 228,611 | |
| California Municipal Finance Authority, LINXS APM Project, Series A (RB) (AG) | |
| | | |
| | |
| 3.50%, 12/31/35 (c) | |
| 1,000 | | |
| 961,310 | |
| 5.00%, 06/30/31 (c) | |
| 260 | | |
| 269,247 | |
| 5.00%, 12/31/37 (c) | |
| 1,000 | | |
| 1,023,565 | |
California Municipal Finance Authority, SFMTA Potrero Yard Modernization Project, Series B (RB) 5.00%, 06/30/32 (c) | |
| 500 | | |
| 537,521 | |
California Municipal Finance Authority, St. Mary’s School, Series B (RB) 4.65%, 05/01/30 (c) | |
| 190 | | |
| 193,958 | |
| |
|
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Municipal Finance Authority, United Airlines, Inc., International Airport Project (RB) 4.00%, 07/15/29 | |
$ | 6,625 | | |
$ | 6,665,925 | |
California Pollution Control Financing Authority, Poseidon Resources LP Desalination Project (RB) (ACA) 5.00%, 07/01/37 (c) | |
| 500 | | |
| 500,585 | |
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) 7.00%, 07/01/22 (d) * | |
| 1,000 | | |
| 11,250 | |
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) (SAW) 7.50%, 07/01/32 (d) * | |
| 1,360 | | |
| 15,300 | |
California Public Finance Authority, Series A (RB) 5.70%, 06/01/34 (c) | |
| 500 | | |
| 511,150 | |
California Statewide Communities Development Authority, Baptist University, Series A (RB) 3.50%, 11/01/27 | |
| 425 | | |
| 421,718 | |
California Statewide Communities Development Authority, Irvine East Campus Armaments, CHF-Irvine, LLC (RB) 5.00%, 05/15/33 (c) | |
| 300 | | |
| 300,364 | |
California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB) 5.25%, 12/01/34 (c) | |
| 1,740 | | |
| 1,741,597 | |
California Statewide Communities Development Authority, NCCD-Hooper Street LLC-California College of the Arts Project (RB) 5.00%, 07/01/29 | |
| 150 | | |
| 152,560 | |
Central Valley Energy Authority (RB) 5.00%, 08/01/34 (c) | |
| 500 | | |
| 532,191 | |
| City and County of San Francisco, Airport Commission, International Airport, Series A (RB) | |
| | | |
| | |
| 5.00%, 05/01/29 | |
| 500 | | |
| 530,945 | |
| 5.00%, 05/01/33 | |
| 500 | | |
| 555,572 | |
City and County of San Francisco, Airport Commission, International Airport, Series E (RB) 5.00%, 05/01/34 (c) | |
| 370 | | |
| 388,258 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| |
|
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
| City and County of San Francisco, Airport Commission, International Airport, Series H (RB) | |
| | | |
| | |
| 5.00%, 05/01/27 | |
$ | 500 | | |
$ | 509,781 | |
| 5.00%, 05/01/29 | |
| 500 | | |
| 530,944 | |
| City of Los Angeles Department of Airports, Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/30 | |
| 750 | | |
| 809,227 | |
| 5.00%, 05/15/35 | |
| 1,000 | | |
| 1,124,958 | |
City of Los Angeles Department of Airports, Series F (RB) 5.00%, 05/15/35 | |
| 500 | | |
| 562,479 | |
Compton Public Finance Authority (RB) 4.50%, 09/01/32 (c) | |
| 1,000 | | |
| 1,000,220 | |
El Centro Financing Authority, El Centro Regional Medical Center Project (RB) 4.50%, 07/01/29 (c) | |
| 480 | | |
| 456,520 | |
Irvine Unified School District Community Facilities District No. 09-1, Series D (ST) 5.00%, 09/01/26 | |
| 110 | | |
| 110,631 | |
Los Angeles Department of Water and Power, Series C (RB) 5.00%, 07/01/35 | |
| 500 | | |
| 566,058 | |
MSR Energy Authority, California Gas, Series A (RB) 6.12%, 11/01/29 | |
| 645 | | |
| 678,591 | |
MSR Energy Authority, California Gas, Series B (RB) 7.00%, 11/01/34 | |
| 500 | | |
| 598,626 | |
Palomar Health (RB) 5.00%, 11/01/27 (c) | |
| 90 | | |
| 89,132 | |
San Joaquin Valley Clean Energy Authority, Series A (RB) 5.50%, 01/01/56 (c) (p) | |
| 1,000 | | |
| 1,101,781 | |
Southern California Public Power Authority, Transmission System Renewal Project (RB) 5.00%, 07/01/53 (c) (p) | |
| 1,000 | | |
| 1,049,567 | |
| | |
| | | |
| 52,514,860 | |
| Colorado: 2.1% | |
| | | |
| | |
City and County of Denver, Colorado Airport System, Series A (RB) 5.00%, 12/01/29 (c) | |
| 295 | | |
| 309,698 | |
City and County of Denver, United Airlines, Inc. Project (RB) 5.00%, 10/01/32 (c) | |
| 3,925 | | |
| 3,928,391 | |
City of Louisville, Redtail Ridge Metropolitan District, Capital Appreciation Turbo (GO) 0.00%, 12/01/32 (c) ^ | |
| 500 | | |
| 321,473 | |
| |
|
Par
(000’s | ) | |
Value | |
| Colorado (continued) | |
| | | |
| | |
Colorado Health Facilities Authority, Aberdeen Ridge, Series B-1 (RB) 3.50%, 05/15/30 (c) | |
$ | 900 | | |
$ | 894,818 | |
Colorado Health Facilities Authority, CommonSpirit Health, Series A (RB) 5.00%, 09/01/29 | |
| 1,000 | | |
| 1,060,698 | |
CSU Strata Student Housing, Series A (RB) 5.00%, 03/01/35 | |
| 665 | | |
| 704,394 | |
Denver Convention Center Hotel Authority (RB) 5.00%, 12/01/27 (c) | |
| 600 | | |
| 605,084 | |
Public Authority for Colorado Energy, Natural Gas Purchase (RB) 6.25%, 11/15/28 | |
| 95 | | |
| 99,273 | |
Windler Public Improvement Authority, Series A-1 (RB) (BAM) 4.00%, 12/01/31 (c) | |
| 1,000 | | |
| 954,939 | |
| | |
| | | |
| 8,878,768 | |
| Connecticut: 0.8% | |
| | | |
| | |
Connecticut State Health and Educational Facilities Authority, Masonicare Issue, Series F (RB) 4.00%, 07/01/30 (c) | |
| 120 | | |
| 119,417 | |
| Connecticut State Health and Educational Facilities Authority, University of Hartford, Series N (RB) | |
| | | |
| | |
| 5.00%, 07/01/27 | |
| 430 | | |
| 433,316 | |
| 5.00%, 07/01/29 | |
| 870 | | |
| 887,762 | |
Connecticut State Health and Educational Facilities Authority, Yale University, Series B-1 (RB) 5.00%, 07/01/64 (p) | |
| 500 | | |
| 544,771 | |
Stamford Housing Authority, Mozaic Concierge Living Project, Series C (RB) 4.75%, 10/01/32 | |
| 500 | | |
| 517,160 | |
State of Connecticut Health and Educational Facilities Authority, Quinnipiac University Issue, Series O (RB) 5.00%, 07/01/33 | |
| 500 | | |
| 560,718 | |
Town of Hamden, Whitney Center Project (RB) 5.00%, 01/01/30 (c) | |
| 270 | | |
| 274,734 | |
| | |
| | | |
| 3,337,878 | |
| District of Columbia: 0.5% | |
| | | |
| | |
District Of Columbia Water And Sewer Authority Public Utility, Series A (RB) 5.00%, 10/01/37 (c) | |
| 1,000 | | |
| 1,125,772 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| |
|
Par
(000’s | ) | |
Value | |
| District of Columbia (continued) | |
| | | |
| | |
District of Columbia, Latin American Montessori Bilingual Public Charter School (RB) 4.00%, 06/01/30 | |
$ | 370 | | |
$ | 365,755 | |
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) 0.00%, 10/01/37 ^ | |
| 1,020 | | |
| 637,342 | |
| | |
| | | |
| 2,128,869 | |
| Florida: 5.6% | |
| | | |
| | |
Capital Projects Finance Authority, Imagine School at North Port Project, Series A (RB) 5.00%, 06/15/35 (c) | |
| 250 | | |
| 251,712 | |
Capital Trust Agency, Education Growth Fund, LLC Charter School Portfolio Project, Series A-1 (RB) 3.38%, 07/01/31 | |
| 1,205 | | |
| 1,156,222 | |
Capital Trust Agency, Elim Senior Housing, Inc., Project (RB) 5.00%, 08/01/27 (c) | |
| 175 | | |
| 173,737 | |
Capital Trust Agency, The Marie Selby Botanical Gardens, Inc., Project (RB) 4.00%, 06/15/31 (c) | |
| 535 | | |
| 522,827 | |
City of Venice, Florida Retirement Community, Village on the Isle Project, Series B-3 (RB) 4.25%, 01/01/30 (c) | |
| 250 | | |
| 250,149 | |
County of Escambia, Health Facilities Authority, Baptist Health Care Corp., Series A (RB) (SAW) 5.00%, 08/15/31 (c) | |
| 1,500 | | |
| 1,579,097 | |
County of Miami-Dade, Industrial Development Authority, NCCD-Biscayne Properties LLC Project, Series A (RB) 5.00%, 06/01/30 (c) | |
| 315 | | |
| 315,015 | |
County of Miami-Dade, Seaport Department, Series A (RB) 5.00%, 10/01/36 (c) | |
| 880 | | |
| 942,393 | |
County of Palm Beach, Atlantic University Housing Project, Series A (RB) 5.00%, 04/01/29 | |
| 200 | | |
| 203,412 | |
| Florida Development Finance Corp., Brightline Florida Passenger Rail Project (RB) | |
| | | |
| | |
| 5.00%, 07/01/35 (c) | |
| 1,000 | | |
| 720,000 | |
| 5.00%, 07/01/37 (c) | |
| 250 | | |
| 178,750 | |
| |
|
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
Florida Development Finance Corp., Education Facilities, Central School Project (RB)
5.00%, 08/15/32 | |
$ | 500 | | |
$ | 498,250 | |
Florida Development Finance Corp., Education Facilities, Cornerstone Charter Academy Project (RB)
5.00%, 10/01/32 (c) | |
| 500 | | |
| 507,739 | |
Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series C (RB)
4.00%, 09/15/30 (c) | |
| 425 | | |
| 415,186 | |
Florida Development Finance Corporation Healthcare Facilities, Series B (RB)
5.00%, 08/01/56 (c) (p) | |
| 300 | | |
| 324,959 | |
Florida Higher Educational Facilities Financing Authority (RB)
5.00%, 07/01/35 (c) | |
| 750 | | |
| 759,087 | |
Florida Local Government Finance Commission, Series B-3 (RB)
4.20%, 11/15/30 (c) | |
| 1,000 | | |
| 1,003,468 | |
Greater Orlando Aviation Authority Special Purpose Airport Facilities (RB)
5.50%, 11/01/37 (c) | |
| 3,720 | | |
| 3,959,456 | |
Greater Orlando Aviation Authority Special Purpose Airport Facilities, United Airlines, Inc. Project (RB)
5.50%, 11/01/36 (c) | |
| 1,500 | | |
| 1,601,476 | |
JEA Electric System, Series B (RB)
5.00%, 10/01/29 (c) | |
| 110 | | |
| 113,380 | |
Lee County Industrial Development Authority, Healthcare Facilities, Series B-3 (RB)
4.12%, 11/15/29 (c) | |
| 1,000 | | |
| 1,001,061 | |
Miami Beach Redevelopment Agency Tax Increment Revenue (TA) (AG)
5.00%, 02/01/36 (c) | |
| 500 | | |
| 559,918 | |
Miami-Dade County, Florida Aviation, Series A (RB)
5.00%, 10/01/36 (c) | |
| 1,500 | | |
| 1,654,022 | |
| Miami-Dade County, Florida Aviation, Series A (RB) | |
| | | |
| | |
| 5.00%, 10/01/34 | |
| 1,500 | | |
| 1,671,169 | |
| 5.00%, 10/01/35 (c) | |
| 730 | | |
| 810,278 | |
Okaloosa County, Florida Industrial Development (RB)
4.38%, 05/15/35 (c) | |
| 500 | | |
| 504,053 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| |
|
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
Polk County Industrial Development Authority Charter School, Victory Ridge Academy Project (RB) 4.83%, 06/15/35 (c) | |
$ | 500 | | |
$ | 500,693 | |
Polk County Industrial Development Authority, Florida Industrial Development (RB) 5.88%, 01/01/33 (d) * | |
| 1,930 | | |
| 386,000 | |
Village Community Development District No. 12 (SA) (SAW) 3.80%, 05/01/28 | |
| 285 | | |
| 286,055 | |
Village Community Development District No. 13 (SA) 3.00%, 05/01/29 | |
| 190 | | |
| 187,563 | |
Village Community Development District No. 15 (SA) 4.00%, 05/01/34 (c) | |
| 500 | | |
| 502,914 | |
| | |
| | | |
| 23,540,041 | |
| Georgia: 1.4% | |
| | | |
| | |
Atlanta Development Authority, Westside Gulch Area Project, Series A-1 (TA) 5.00%, 04/01/34 (c) | |
| 500 | | |
| 511,585 | |
Atlanta, Georgia Airport, Series B-1 (RB) 5.00%, 07/01/30 | |
| 500 | | |
| 539,447 | |
DeKalb County Housing Authority, Georgia Affordable Multifamily Housing, Series A (RB) 4.00%, 12/01/33 (c) | |
| 1,500 | | |
| 1,517,126 | |
Floyd County Development Authority, Spires at Berry College Project, Series A (RB) (SBG) 5.50%, 12/01/28 (c) | |
| 160 | | |
| 160,253 | |
Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28 | |
| 380 | | |
| 388,060 | |
Glynn-Brunswick Memorial Hospital Authority, Southeast Georgia Health System Project (RB) 5.00%, 08/01/34 (c) | |
| 1,500 | | |
| 1,500,830 | |
Main Street Energy, Inc. Energy Project, Series D (RB) 5.00%, 12/01/33 (c) | |
| 500 | | |
| 526,416 | |
Main Street Natural Gas, Inc., Series E (RB) 5.00%, 05/01/55 (c) (p) | |
| 500 | | |
| 529,572 | |
| |
|
Par
(000’s | ) | |
Value | |
| Georgia (continued) | |
| | | |
| | |
Marietta Development Authority, University Facilities, Life University, Inc. Project, Series A (RB) 5.00%, 11/01/27 | |
$ | 150 | | |
$ | 150,269 | |
White County Development Authority, Truett McConnell University Project, Series A (RB) 5.00%, 10/01/29 (c) | |
| 140 | | |
| 135,482 | |
| | |
| | | |
| 5,959,040 | |
| Guam: 1.1% | |
| | | |
| | |
Guam Government Business Privilege Tax, Series G (RB) 5.00%, 01/01/35 | |
| 500 | | |
| 547,416 | |
| Guam Government, Business Privilege Tax, Series F (RB) | |
| | | |
| | |
| 4.00%, 01/01/36 (c) | |
| 895 | | |
| 889,808 | |
| 5.00%, 01/01/30 | |
| 1,000 | | |
| 1,057,690 | |
| 5.00%, 01/01/31 | |
| 1,000 | | |
| 1,069,488 | |
Guam Power Authority, Series A (RB) 5.00%, 10/01/33 (c) | |
| 940 | | |
| 1,008,644 | |
| | |
| | | |
| 4,573,046 | |
| Hawaii: 0.1% | |
| | | |
| | |
State of Hawaii Department of Budget & Finance, Hawaiian Electric Company, Inc., Series A (RB) 3.10%, 05/01/26 | |
| 500 | | |
| 500,000 | |
| Illinois: 10.5% | |
| | | |
| | |
| Chicago Board of Education, Series A (GO) | |
| | | |
| | |
| 5.00%, 12/01/29 | |
| 1,000 | | |
| 1,026,794 | |
| 5.00%, 12/01/30 (c) | |
| 1,000 | | |
| 1,024,362 | |
| 5.00%, 12/01/32 (c) | |
| 2,000 | | |
| 2,048,489 | |
| 5.00%, 12/01/33 (c) | |
| 1,500 | | |
| 1,531,667 | |
| 5.00%, 12/01/37 (c) | |
| 1,000 | | |
| 1,006,418 | |
| Chicago Board of Education, Series A (GO) (AG) | |
| | | |
| | |
| 5.00%, 12/01/27 | |
| 250 | | |
| 257,143 | |
| 5.00%, 12/01/29 (c) | |
| 250 | | |
| 254,864 | |
| 5.00%, 12/01/29 (c) | |
| 200 | | |
| 208,671 | |
| 5.00%, 12/01/34 (c) | |
| 2,250 | | |
| 2,317,546 | |
| Chicago Board of Education, Series A (GO) (AMBAC) | |
| | | |
| | |
| 5.50%, 12/01/26 | |
| 230 | | |
| 231,896 | |
| 5.50%, 12/01/31 | |
| 1,000 | | |
| 1,063,942 | |
| Chicago Board of Education, Series A (GO) (NATL) | |
| | | |
| | |
| 0.00%, 12/01/26 ^ | |
| 310 | | |
| 303,756 | |
| 0.00%, 12/01/28 ^ | |
| 795 | | |
| 725,486 | |
| Chicago Board of Education, Series B (GO) | |
| | | |
| | |
| 5.00%, 12/01/29 | |
| 1,250 | | |
| 1,283,493 | |
| 5.00%, 12/01/30 | |
| 2,000 | | |
| 2,060,237 | |
| 5.00%, 12/01/30 (c) | |
| 1,250 | | |
| 1,280,035 | |
| 5.00%, 12/01/31 (c) | |
| 2,000 | | |
| 2,054,054 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
| 5.00%, 12/01/33 (c) | |
$ | 1,400 | | |
$ | 1,423,598 | |
| Chicago Board of Education, Series C (GO) | |
| | | |
| | |
| 5.00%, 12/01/27 | |
| 500 | | |
| 506,702 | |
| 5.00%, 12/01/30 (c) | |
| 560 | | |
| 565,502 | |
Chicago Board of Education, Series E (GO) 5.12%, 12/01/32 (c) | |
| 1,320 | | |
| 1,320,030 | |
Chicago Board of Education, Series H (GO) 5.00%, 12/01/36 (c) | |
| 2,500 | | |
| 2,500,014 | |
Chicago O’Hare International Airport, Series D (RB) 5.00%, 01/01/32 | |
| 500 | | |
| 555,412 | |
Chicago School Reform Board of Trustees, Series A (GO) (NATL) 0.00%, 12/01/29 ^ | |
| 575 | | |
| 505,266 | |
| Chicago School Reform Board of Trustees, Series B-1 (GO) (NATL) | |
| | | |
| | |
| 0.00%, 12/01/26 ^ | |
| 490 | | |
| 480,130 | |
| 0.00%, 12/01/28 ^ | |
| 1,515 | | |
| 1,382,531 | |
| 0.00%, 12/01/29 ^ | |
| 585 | | |
| 514,053 | |
| 0.00%, 12/01/30 ^ | |
| 190 | | |
| 160,388 | |
City Of Burbank, Cook County, Illinois Educational Facility, Intercultural Montessori Language School Project (RB) 5.25%, 02/01/36 (c) | |
| 250 | | |
| 261,302 | |
City of Chicago Board of Education, Series C (GO) 6.00%, 12/01/37 (c) | |
| 1,500 | | |
| 1,654,950 | |
City of Chicago, Series A (GO) 5.00%, 01/01/30 | |
| 1,500 | | |
| 1,553,465 | |
City of Chicago, Series B (GO) 4.00%, 01/01/30 | |
| 358 | | |
| 358,048 | |
County of Cook, Series A (GO) 5.00%, 11/15/28 (c) | |
| 500 | | |
| 505,917 | |
Eastern Illinois Economic Development Authority, Business District (RB) 5.00%, 11/01/33 (c) | |
| 755 | | |
| 751,401 | |
Illinois Finance Authority, Admiral Lake Project (RB) 5.00%, 05/15/33 (c) | |
| 420 | | |
| 412,962 | |
Illinois Finance Authority, Friendship Village of Schaumburg (RB) 5.00%, 02/15/27 (d) * | |
| 1,061 | | |
| 31,837 | |
Illinois Finance Authority, Roosevelt University (RB) 5.40%, 04/01/27 (c) | |
| 30 | | |
| 30,010 | |
Illinois Finance Authority, Series B-2 (RB) 3.65%, 05/01/31 (c) | |
| 500 | | |
| 498,410 | |
| | |
Par
(000’s | ) | |
Value | |
| Illinois (continued) | |
| | | |
| | |
Illinois Finance Authority, Surface Freight Transfer Facilities (RB) 4.80%, 12/01/43 (c) (p) | |
$ | 500 | | |
$ | 517,532 | |
| Illinois Sports Facilities Authority (RB) | |
| | | |
| | |
| 5.00%, 06/15/28 | |
| 395 | | |
| 407,011 | |
| 5.00%, 06/15/29 | |
| 545 | | |
| 568,680 | |
Illinois Sports Facilities Authority (RB) (AMBAC) 0.00%, 06/15/26 ^ | |
| 260 | | |
| 258,873 | |
| Metropolitan Pier and Exposition Authority, Illinois McCormick Place Expansion Project, Series A (RB) (NATL) | |
| | | |
| | |
| 0.00%, 06/15/30 ^ | |
| 745 | | |
| 651,790 | |
| 0.00%, 12/15/30 ^ | |
| 475 | | |
| 408,239 | |
| 0.00%, 06/15/31 ^ | |
| 125 | | |
| 105,393 | |
| 0.00%, 12/15/33 ^ | |
| 1,500 | | |
| 1,147,845 | |
| 0.00%, 06/15/34 ^ | |
| 190 | | |
| 142,412 | |
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB) 5.00%, 12/15/28 (c) | |
| 500 | | |
| 514,854 | |
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB) (NATL) 0.00%, 06/15/28 ^ | |
| 115 | | |
| 107,637 | |
Northern Illinois Municipal Power Agency, Series A (RB) 5.00%, 12/01/29 (c) | |
| 330 | | |
| 333,642 | |
| State of Illinois (GO) | |
| | | |
| | |
| 3.50%, 06/01/30 (c) | |
| 350 | | |
| 350,024 | |
| 4.12%, 11/01/31 (c) | |
| 100 | | |
| 100,262 | |
State of Illinois, Sales Tax (RB) 5.00%, 06/15/26 | |
| 235 | | |
| 235,538 | |
State of Illinois, Series A (GO) 5.00%, 03/01/33 (c) | |
| 700 | | |
| 756,055 | |
| State of Illinois, Series C (GO) | |
| | | |
| | |
| 5.00%, 11/01/29 (c) | |
| 1,315 | | |
| 1,355,440 | |
| 5.00%, 09/01/34 | |
| 1,000 | | |
| 1,119,840 | |
State of Illinois, Series D (GO) 5.00%, 11/01/28 (c) | |
| 460 | | |
| 474,301 | |
| | |
| | | |
| 44,206,149 | |
| Indiana: 0.7% | |
| | | |
| | |
City of anderson, Indiana Economic Development, anderson University (RB) 4.75%, 10/01/27 (c) | |
| 125 | | |
| 105,642 | |
Indiana Finance Authority, Midwestern Disaster Relief, Series A (RB) 4.25%, 11/01/30 | |
| 1,015 | | |
| 1,044,723 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Indiana (continued) | |
| | | |
| | |
Indiana Finance Authority, United States Steel Corp. Project, Series A (RB) 4.12%, 12/01/26 | |
$ | 2,000 | | |
$ | 2,004,707 | |
| | |
| | | |
| 3,155,072 | |
| Iowa: 0.3% | |
| | | |
| | |
City of Coralville, Marriott Hotel and Convention Center, Series E (CP) 4.00%, 06/01/29 (c) | |
| 1,070 | | |
| 1,038,176 | |
Iowa Finance Authority Senior Living Facility (RB) 4.50%, 10/01/35 (c) | |
| 210 | | |
| 211,363 | |
Iowa Finance Authority, Northcrest, Inc. Project, Series B (RB) 5.00%, 03/01/28 (c) | |
| 130 | | |
| 130,951 | |
| | |
| | | |
| 1,380,490 | |
| Kansas: 0.3% | |
| | | |
| | |
City of Garden City, Kansas Sales Tax (RB) 4.00%, 06/01/29 | |
| 250 | | |
| 249,186 | |
City of Manhattan, Kansas Health Care Facilities, Meadowlark Hills, Series B-2 (RB) 3.75%, 06/01/31 (c) | |
| 250 | | |
| 249,905 | |
City of Wichita, Health Care Facilities, Series III (RB) 5.00%, 05/15/34 (c) | |
| 600 | | |
| 603,947 | |
| | |
| | | |
| 1,103,038 | |
| Kentucky: 1.9% | |
| | | |
| | |
City of Henderson, Pratt Paper, LLC Project, Series B (RB) 3.70%, 01/01/32 | |
| 1,420 | | |
| 1,416,360 | |
City of Williamsburg, Kentucky Bond Development Corp, Series A (RB) 5.00%, 08/15/55 (c) (p) | |
| 500 | | |
| 550,682 | |
| Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB) | |
| | | |
| | |
| 5.00%, 05/15/26 | |
| 25 | | |
| 24,996 | |
| 5.00%, 05/15/36 (c) | |
| 360 | | |
| 346,434 | |
Kentucky Economic Development Finance Authority, Masonic Homes of Kentucky, Inc. (RB) 5.38%, 11/15/32 (c) | |
| 250 | | |
| 244,869 | |
Kentucky Municipal Power Agency, Prairie State Project, Series A (RB) (NATL) 5.00%, 09/01/30 (c) | |
| 175 | | |
| 175,284 | |
Kentucky Public Energy Authority, Gas Supply, Series A (RB) 5.25%, 06/01/55 (c) (p) | |
| 3,000 | | |
| 3,174,814 | |
| | |
Par
(000’s | ) | |
Value | |
| Kentucky (continued) | |
| | | |
| | |
Kentucky Public Energy Authority, Gas Supply, Series B (RB) 5.00%, 01/01/55 (c) (p) | |
$ | 500 | | |
$ | 530,305 | |
Louisville and Jefferson County, Metro Government, Norton Healthcare, Inc., Series A (RB) 5.00%, 10/01/31 (c) | |
| 290 | | |
| 291,873 | |
Public Energy Authority of Kentucky Gas Supply, Series C (RB) 5.00%, 05/01/36 (c) | |
| 1,000 | | |
| 1,063,784 | |
| | |
| | | |
| 7,819,401 | |
| Louisiana: 0.9% | |
| | | |
| | |
Calcasieu Parish Memorial Hospital Service District (RB) 5.00%, 12/01/27 | |
| 1,025 | | |
| 1,036,545 | |
Calcasieu Parish Memorial Hospital Service District (RB) (SBG) 5.00%, 12/01/29 | |
| 150 | | |
| 153,494 | |
Louisiana Local Government Environmental Facilities and Community Development Authority, Christwood Project (RB) 4.25%, 11/15/30 | |
| 215 | | |
| 216,027 | |
Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/32 (c) | |
| 810 | | |
| 791,009 | |
Louisiana Public Facilities Authority, Lake Charles Charter Academy Project, Series A (RB) 5.00%, 12/15/34 (c) | |
| 500 | | |
| 511,516 | |
Parish of St. James, Nustar Logistics, LP Project, Series B (RB) 6.10%, 12/01/40 (p) | |
| 1,000 | | |
| 1,100,406 | |
| | |
| | | |
| 3,808,997 | |
| Maryland: 0.2% | |
| | | |
| | |
City of Baltimore, East Baltimore Research Park Project, Series A (RB) 4.00%, 09/01/27 | |
| 200 | | |
| 200,440 | |
County of Frederick, Mount Saint Mary’s University, Series A (RB) 5.00%, 09/01/27 | |
| 175 | | |
| 175,265 | |
County of Howard, Series A (TA) 4.00%, 02/15/28 (c) | |
| 100 | | |
| 100,005 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Maryland (continued) | |
| | | |
| | |
Maryland Economic Development Corp., Transportation Facilities, Series A (RB) 5.00%, 06/01/28 | |
$ | 425 | | |
$ | 441,146 | |
| | |
| | | |
| 916,856 | |
| Massachusetts: 0.9% | |
| | | |
| | |
Collegiate Charter School of Lowell (RB) 5.00%, 06/15/29 (c) | |
| 400 | | |
| 400,481 | |
Massachusetts Development Finance Agency (RB) 5.00%, 10/01/29 | |
| 350 | | |
| 369,089 | |
Massachusetts Development Finance Agency, Beth Israel Lahey Health, Inc., Series I (RB) 5.00%, 07/01/28 (c) | |
| 310 | | |
| 311,013 | |
Massachusetts Development Finance Agency, Care Communities, LLC Issue, Series A (RB) 5.50%, 07/15/35 | |
| 250 | | |
| 253,251 | |
Massachusetts Development Finance Agency, Lasell Village, Inc. (RB) 5.00%, 07/01/29 | |
| 500 | | |
| 524,240 | |
Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB) 4.00%, 10/01/27 (c) | |
| 250 | | |
| 250,312 | |
Massachusetts Development Finance Agency, Series N (RB) (AG) 5.00%, 07/01/34 | |
| 500 | | |
| 569,413 | |
Massachusetts Development Finance Agency, UMass Memorial Health Care, Series I (RB) 5.00%, 07/01/28 (c) | |
| 100 | | |
| 100,294 | |
Massachusetts Development Finance Agency, UMass Memorial Health Care, Series N-2 (RB) 5.00%, 07/01/35 (c) | |
| 1,000 | | |
| 1,106,828 | |
| | |
| | | |
| 3,884,921 | |
| Michigan: 0.9% | |
| | | |
| | |
Detroit Regional Convention Facility Authority, Series C (RB) 5.00%, 10/01/35 (c) | |
| 580 | | |
| 640,327 | |
Great Lakes Water Authority Water Supply System, Series B (RB) 5.00%, 07/01/34 | |
| 1,000 | | |
| 1,138,825 | |
Michigan Finance Authority, Trinity Health Credit Group (RB) 4.00%, 12/01/36 (c) | |
| 500 | | |
| 497,240 | |
| | |
Par
(000’s | ) | |
Value | |
| Michigan (continued) | |
| | | |
| | |
Michigan Strategic Fund, I-75 Improvement Project (RB) 5.00%, 06/30/30 (c) | |
$ | 155 | | |
$ | 160,371 | |
The Economic Development Corporation of The City of Grand Rapids Limited Obligation, Beacon Hill At Eastgate Project, Series B-3 (RB) 4.12%, 11/01/30 (c) | |
| 500 | | |
| 500,183 | |
The Economic Development Corporation of The City of Kalamazoo Limited, Friendship Village of Kalamazoo Project, Series B-3 (RB) 3.90%, 08/15/31 (c) | |
| 580 | | |
| 572,709 | |
The Economic Development Corporation of The City of Kalamazoo Limited, Series A (RB) 5.00%, 08/15/36 (c) | |
| 335 | | |
| 337,354 | |
| | |
| | | |
| 3,847,009 | |
| Minnesota: 0.7% | |
| | | |
| | |
City of Anoka, Homestead at Anoka, Inc. Project (RB) 4.25%, 11/01/27 (c) | |
| 40 | | |
| 39,779 | |
| City of Minneapolis, Fairview Health Services, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/34 (c) | |
| 605 | | |
| 622,425 | |
| 5.00%, 11/15/35 (c) | |
| 1,000 | | |
| 1,026,489 | |
Minnesota Municipal Gas Agency Gas Project, Series A (RB) 5.00%, 09/01/35 (c) | |
| 1,000 | | |
| 1,039,812 | |
Rum River Special Education Cooperative, A Minnesota Joint Powers Entity, Series A (CP) 5.00%, 02/01/35 (c) | |
| 250 | | |
| 262,430 | |
Saint Paul Minnesota Housing and Redevelopment Authority, HMONG College Prep Academy Project, Series A (RB) 5.00%, 09/01/26 | |
| 25 | | |
| 25,043 | |
| | |
| | | |
| 3,015,978 | |
| Missouri: 0.4% | |
| | | |
| | |
City of St. Ann, Northwest Plaza Redevelopment Project, Series A (TA) 4.62%, 11/01/30 (c) | |
| 40 | | |
| 40,000 | |
City of St. Louis, Industrial Development Authority, Ballpark Village Development Project, Series A (RB) 3.88%, 11/15/29 (c) | |
| 145 | | |
| 141,739 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Missouri (continued) | |
| | | |
| | |
Lee’s Summit Industrial Development Authority, John Knox Village, Series A (RB) 5.00%, 08/15/32 (c) | |
$ | 125 | | |
$ | 126,596 | |
Maryland Heights Industrial Development Authority, Saint Louis Community Ice Center Project, Series A (RB) (BAM) 4.38%, 03/15/30 (c) | |
| 235 | | |
| 214,894 | |
Plaza at Noah’s Ark Community Improvement District (RB) 3.00%, 05/01/30 (c) | |
| 500 | | |
| 481,681 | |
St. Louis County, Industrial Development Authority, Friendship Village St. Louis, Series A (RB) 5.00%, 09/01/28 (c) | |
| 500 | | |
| 515,460 | |
| | |
| | | |
| 1,520,370 | |
| Montana: 0.1% | |
| | | |
| | |
City of Kalispell, Immanuel Living at Buffalo Hill Project, Series B (RB) 4.25%, 05/15/30 (c) | |
| 250 | | |
| 250,585 | |
| Nebraska: 0.8% | |
| | | |
| | |
| Central Plains Energy Project, Gas Project Crossover No. 3, Series A (RB) | |
| | | |
| | |
| 5.00%, 09/01/27 | |
| 500 | | |
| 509,863 | |
| 5.00%, 09/01/28 | |
| 100 | | |
| 103,107 | |
| 5.00%, 09/01/30 | |
| 125 | | |
| 131,019 | |
| 5.00%, 09/01/34 | |
| 650 | | |
| 682,946 | |
Central Plains Energy Project, Gas Supply, Series A (RB) 5.00%, 08/01/55 (c) (p) | |
| 1,000 | | |
| 1,070,430 | |
Central Plans Energy Project, Gas Project Crossover No. 3, Series B (RB) 5.00%, 09/01/31 | |
| 1,000 | | |
| 1,052,293 | |
| | |
| | | |
| 3,549,658 | |
| Nevada: 0.4% | |
| | | |
| | |
City of Reno, Tax Increment Senior Lien, Series C (TA) 5.40%, 06/01/27 (c) | |
| 130 | | |
| 130,199 | |
Clark County, Nevada Pollution Control, Southern California Edison Company (RB) 2.10%, 06/01/31 | |
| 5 | | |
| 4,569 | |
| Clark County, School District, Series B (GO) (AG) | |
| | | |
| | |
| 5.00%, 06/15/29 | |
| 250 | | |
| 267,491 | |
| 5.00%, 06/15/30 (c) | |
| 250 | | |
| 267,019 | |
Clark County, School District, Series B (GO) (BAM) 5.00%, 06/15/30 | |
| 250 | | |
| 272,293 | |
Director St Nev Dept Business & Industry Sr Sub Secd Bds Brightline West Passenger Rail, Series B (RB) 12.00%, 01/01/65 (c) (p) | |
| 1,085 | | |
| 629,300 | |
| | |
Par
(000’s | ) | |
Value | |
| Nevada (continued) | |
| | | |
| | |
State of Nevada, Department of Business and Industry, Fulcrum Sierra Biofuels, LLC Project (RB) 5.88%, 12/15/27 * | |
$ | 269 | | |
$ | 3 | |
| | |
| | | |
| 1,570,874 | |
| New Hampshire: 1.5% | |
| | | |
| | |
National Finance Authority Affordable Housing Certificates, Series 1 (RB) 4.15%, 10/20/40 (c) (p) | |
| 1,841 | | |
| 1,845,310 | |
National Finance Authority New Hampshire (RB) 5.95%, 12/01/31 (c) | |
| 433 | | |
| 433,109 | |
National Finance Authority, Affordable Housing, Series 1 (RB) 4.75%, 06/20/41 (c) (p) | |
| 498 | | |
| 513,450 | |
National Finance Authority, Bridgeland Water & Utility Districts 418, 489, 492, 493, 157 and 159 (RB) 6.12%, 12/15/33 (c) | |
| 250 | | |
| 250,124 | |
National Finance Authority, Bridgeland Water and Utility Districts (RB) 5.38%, 12/15/35 (c) | |
| 544 | | |
| 544,059 | |
National Finance Authority, Covanta Project, Series A (RB) 4.00%, 11/01/27 (c) | |
| 250 | | |
| 246,728 | |
National Finance Authority, Emberly and Cantera Creek Projects (RB) 5.38%, 12/01/31 (c) | |
| 237 | | |
| 236,829 | |
National Finance Authority, Highlands Project (RB) 5.12%, 12/15/30 (c) | |
| 137 | | |
| 137,105 | |
National Finance Authority, Mirador Project (RB) 6.00%, 12/01/31 (c) | |
| 250 | | |
| 250,264 | |
National Finance Authority, Silverado Project (RB) 5.00%, 12/01/28 (c) | |
| 360 | | |
| 359,528 | |
National Finance Authority, Valencia Project (RB) 5.30%, 12/01/32 (c) | |
| 180 | | |
| 179,903 | |
National Finance Authority, Wildflower Project (RB) 0.00%, 12/15/33 (c) ^ | |
| 195 | | |
| 123,512 | |
New Hampshire Business Finance Authority, Series A (RB) (BAM) 4.12%, 01/20/34 | |
| 1,350 | | |
| 1,369,725 | |
| | |
| | | |
| 6,489,646 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New Jersey: 3.0% | |
| | | |
| | |
| New Jersey Economic Development Authority, Continental Airlines, Inc. Project (RB) | |
| | | |
| | |
| 5.25%, 09/15/29 (c) | |
$ | 1,415 | | |
$ | 1,416,777 | |
| 5.62%, 11/15/30 (c) | |
| 1,000 | | |
| 1,001,478 | |
| 5.75%, 09/15/27 (c) | |
| 1,120 | | |
| 1,121,938 | |
| New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/32 (c) | |
| 1,155 | | |
| 1,160,009 | |
| 4.00%, 07/01/34 (c) | |
| 600 | | |
| 601,301 | |
| 5.00%, 07/01/33 (c) | |
| 1,000 | | |
| 1,015,253 | |
New Jersey Economic Development Authority, School Facilities Construction, Series WW (RB) 5.25%, 06/15/28 (c) | |
| 435 | | |
| 435,600 | |
| New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB) | |
| | | |
| | |
| 4.25%, 06/15/26 (c) | |
| 440 | | |
| 440,239 | |
| 4.38%, 06/15/27 (c) | |
| 130 | | |
| 130,088 | |
New Jersey Economic Development Authority, State House Project, Series B (RB) 4.00%, 06/15/29 (c) | |
| 750 | | |
| 772,546 | |
| New Jersey Economic Development Authority, The Goethals Bridge Replacement Project (RB) | |
| | | |
| | |
| 5.12%, 01/01/34 (c) | |
| 350 | | |
| 350,616 | |
| 5.50%, 01/01/27 (c) | |
| 500 | | |
| 501,146 | |
New Jersey Economic Development Authority, West Campus Housing, LLC, Series A (RB) 4.12%, 07/01/30 (c) | |
| 175 | | |
| 168,169 | |
New Jersey Educational Facilities Authority, Princeton University, Series A (RB) 5.00%, 07/01/64 (c) (p) | |
| 500 | | |
| 549,929 | |
New Jersey Health Care Facilities Financing Authority, Barnabas Health, Series A (RB) 5.00%, 07/01/29 (c) | |
| 500 | | |
| 501,824 | |
New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health, Series A (RB) 5.00%, 07/01/29 | |
| 1,000 | | |
| 1,064,570 | |
| New Jersey Transportation Trust Fund Authority, Series A (RB) | |
| | | |
| | |
| 0.00%, 12/15/26 ^ | |
| 360 | | |
| 353,666 | |
| 0.00%, 12/15/32 ^ | |
| 5 | | |
| 4,042 | |
| | |
Par
(000’s | ) | |
Value | |
| New Jersey (continued) | |
| | | |
| | |
| 5.00%, 06/15/30 (c) | |
$ | 395 | | |
$ | 396,042 | |
| 5.00%, 06/15/36 (c) | |
| 500 | | |
| 564,550 | |
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/29 (c) | |
| 150 | | |
| 156,166 | |
| | |
| | | |
| 12,705,949 | |
| New Mexico: 0.4% | |
| | | |
| | |
City of Farmington, New Mexico Pollution Control, Public Service Company of San Juan and Four Corners Projects, Series B (RB) 2.15%, 04/01/33 (c) | |
| 700 | | |
| 610,871 | |
City of Farmington, New Mexico Pollution Control, Southern California Edison Company Four Corners Project, Series B (RB) 1.80%, 04/01/29 | |
| 1,000 | | |
| 936,644 | |
| | |
| | | |
| 1,547,515 | |
| New York: 10.7% | |
| | | |
| | |
| Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB) | |
| | | |
| | |
| 5.00%, 07/15/26 | |
| 100 | | |
| 100,252 | |
| 5.00%, 07/15/27 (c) | |
| 100 | | |
| 100,969 | |
| 5.00%, 07/15/28 (c) | |
| 100 | | |
| 100,993 | |
| 5.00%, 07/15/30 (c) | |
| 1,800 | | |
| 1,817,166 | |
| Build NYC Resource Corp. (RB) | |
| | | |
| | |
| 5.00%, 12/15/31 (c) | |
| 1,000 | | |
| 994,334 | |
| 5.00%, 06/01/36 (c) | |
| 1,000 | | |
| 1,035,087 | |
Build Nyc Resource Corporation Revenue Bonds, The Renaissance Charter School 2 Project, Series A (RB) 4.25%, 06/15/35 | |
| 500 | | |
| 496,493 | |
County of Suffolk, Series B (GO) (AG)
5.00%, 10/15/26 | |
| 250 | | |
| 252,847 | |
County of Sullivan, Adelaar Infrastructure Project, Series A-1 (SA) 4.85%, 11/01/31 (c) | |
| 750 | | |
| 754,327 | |
| Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/28 (c) | |
| 275 | | |
| 275,618 | |
| 5.00%, 07/01/30 (c) | |
| 270 | | |
| 270,571 | |
Huntington Local Development Corp., Gurwin Independent Housing, Inc., Fountaingate Gardens Project (RB) 4.00%, 07/01/27 | |
| 180 | | |
| 177,755 | |
Long Island Power Authority, Electric System (RB) 5.00%, 09/01/32 (c) | |
| 500 | | |
| 514,315 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
Metropolitan
Transportation Authority, Series A (RB) 5.00%,
11/15/35 (c) | |
$ | 2,000 | | |
$ | 2,283,401 | |
Metropolitan
Transportation Authority, Series D (RB) 5.00%,
11/15/31 (c) | |
| 500 | | |
| 504,957 | |
Monroe
County Industrial Development Corp., Eugenio Maria De Hostos Charter School Project,
Series A (RB) 5.00%,
07/01/34 | |
| 500 | | |
| 514,566 | |
| Monroe County Industrial Development Corp., Rochester
Regional Health Project, Series A (RB) | |
| | | |
| | |
| 4.00%, 12/01/35 (c) | |
| 675 | | |
| 671,921 | |
| 5.00%, 12/01/31 (c) | |
| 500 | | |
| 531,695 | |
| 5.00%, 12/01/34 (c) | |
| 1,060 | | |
| 1,112,452 | |
Monroe
County Industrial Development Corp., St. Ann’s Community Project (RB) 4.00%,
01/01/30 (c) | |
| 560 | | |
| 554,990 | |
New
York City Housing Development Corp. (RB) 3.12%,
11/01/65 (c) (p) | |
| 1,000 | | |
| 997,441 | |
New
York City Housing Development Corp., Multi-Family Housing, Series B-2 (RB) 3.95%,
11/01/64 (c) (p) | |
| 1,000 | | |
| 1,016,379 | |
New
York City Housing Development Corp., Multi-Family Housing, Series C-2 (RB) 3.75%,
05/01/65 (c) (p) | |
| 1,000 | | |
| 1,011,343 | |
New
York City Housing Development Corp., Multi-Family Mortgage, Series D (RB) 4.00%,
12/15/31 (c) | |
| 250 | | |
| 253,135 | |
New
York City Housing Development Corp., Multi-Family Mortgage, Series F (RB) 5.25%,
12/15/31 (c) | |
| 250 | | |
| 257,623 | |
New
York City Industrial Development Agency (RB) (AG) 3.00%,
03/01/36 (c) | |
| 500 | | |
| 473,763 | |
New
York City Industrial Development Agency Pilot,Yankee Stadium Project, Series A (RB) (AG) 5.00%,
03/01/29 | |
| 500 | | |
| 530,172 | |
New
York Energy Finance Development Corp. (RB) 5.00%,
07/01/56 (c) (p) | |
| 1,500 | | |
| 1,545,470 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New
York Liberty Development Corp., 3 World Trade Center Project (RB) 5.15%,
11/15/34 (c) | |
$ | 1,000 | | |
$ | 1,000,862 | |
New York State
Dormitory Authority, Montefiore Medical Center, Series A (RB) 5.00%,
08/01/30 (c) | |
| 945 | | |
| 975,827 | |
New York State Dormitory Authority, New School, Series A (RB)
5.00%, 07/01/27 (c) | |
| 250 | | |
| 253,034 | |
New York State
Environmental Facilities Corp., Casella Waste Systems, Inc. Project (RB) 2.88%,
12/01/44 (p) | |
| 1,000 | | |
| 974,172 | |
New York State
Environmental Facilities Corp., Casella Waste Systems, Inc. Project (RB) (FHA) 4.25%,
09/01/50 (c) (p) | |
| 250 | | |
| 253,648 | |
New York State
Housing Finance Agency Affordable Housing, Series B-2 (RB) 3.60%,
11/01/64 (c) (p) | |
| 1,000 | | |
| 1,004,360 | |
New York State
Thruway Authority General Revenue Junior Indebtedness Refunding Obligations, Series A (RB) 5.00%,
01/01/38 (c) | |
| 500 | | |
| 574,662 | |
| New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International
Airport Project (RB) | |
| | | |
| | |
| 2.25%, 08/01/26 | |
| 210 | | |
| 209,598 | |
| 3.00%, 08/01/31 | |
| 2,100 | | |
| 2,015,037 | |
| 5.00%, 08/01/26 (c) | |
| 165 | | |
| 165,105 | |
| 5.00%, 08/01/31 (c) | |
| 2,655 | | |
| 2,651,159 | |
| 5.25%, 08/01/31 (c) | |
| 2,725 | | |
| 2,848,703 | |
| New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals
C&D Redevelopment Project (RB) | |
| | | |
| | |
| 4.00%, 10/01/30 | |
| 1,000 | | |
| 1,016,279 | |
| 5.00%, 10/01/35 (c) | |
| 1,500 | | |
| 1,567,411 | |
| 6.00%, 04/01/35 (c) | |
| 1,000 | | |
| 1,100,134 | |
New York Transportation
Development Corp., John F. Kennedy International Airport New Terminal 4 Project (RB) (AG) 5.00%,
12/01/30 | |
| 1,430 | | |
| 1,530,006 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
| New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project,
Series A (RB) | |
| | | |
| | |
| 4.00%, 07/01/31 (c) | |
$ | 1,000 | | |
$ | 999,965 | |
| 5.00%, 07/01/30 (c) | |
| 420 | | |
| 420,424 | |
| 5.00%, 07/01/34 (c) | |
| 1,230 | | |
| 1,230,960 | |
New York Transportation
Development Corp., LaGuardia Airport Terminals B Redevelopment Project, Series A (RB) (AG) 4.00%,
07/01/35 (c) | |
| 1,660 | | |
| 1,656,623 | |
New York Transportation
Development Corporation, Terminal 4 John F. Kennedy International Airport Project, Special Facilities
(RB) (AG) 5.00%,
12/01/29 | |
| 2,000 | | |
| 2,115,304 | |
| Town of Ramapo, Public Improvement, Series A (GO) (FGIC) | |
| | | |
| | |
| 4.00%, 05/15/27 (c) | |
| 120 | | |
| 120,006 | |
| 4.12%, 05/15/28 (c) | |
| 100 | | |
| 100,030 | |
Trust for Cultural
Resources of The City of New York/The (RB) 5.00%,
12/01/32 | |
| 1,000 | | |
| 1,108,997 | |
| TSASC, Inc., Tobacco Settlement Bonds, Series A (RB) | |
| | | |
| | |
| 5.00%, 06/01/27 | |
| 70 | | |
| 71,526 | |
| 5.00%, 06/01/28 (c) | |
| 70 | | |
| 71,503 | |
Yonkers Economic
Development Corp., Charter School of Educational Excellence Project, Series A (RB) 4.00%,
10/15/29 | |
| 165 | | |
| 164,091 | |
| | |
| | | |
| 45,349,461 | |
| North Carolina: 0.7% | |
| | | |
| | |
North Carolina
Medical Care Commission Retirement Facilities First Mortgage (RB) 5.00%,
10/01/33 (c) | |
| 545 | | |
| 589,466 | |
North Carolina
Medical Care Commission Retirement Facilities First Mortgage, Deerfield Episcopal Retirement
Community Project, Series B-4 (RB) 3.20%,
11/01/30 (c) | |
| 500 | | |
| 497,818 | |
North Carolina
Medical Care Commission Retirement Facilities First Mortgage, Deerfield Episcopal Retirement
Community Project, Series B-3 (RB) 3.45%,
11/01/30 (c) | |
| 250 | | |
| 248,916 | |
| | |
Par
(000’s | ) | |
Value | |
| North Carolina (continued) | |
| | | |
| | |
North
Carolina Medical Care Commission, Retirement Facilities First Mortgage, Penick Village
Project, Series A (RB) 5.00%,
09/01/34 (c) | |
$ | 525 | | |
$ | 555,633 | |
North Carolina
Medical Care Commission, Retirement Facilities First Mortgage, Penick Village Project, Series
B-3 (RB) 4.25%,
09/01/28 (c) | |
| 500 | | |
| 501,082 | |
North Carolina
Turnpike Authority, Triangle Expressway System (RB) 5.00%,
01/01/32 (c) | |
| 500 | | |
| 506,145 | |
| | |
| | | |
| 2,899,060 | |
| North Dakota: 0.1% | |
| | | |
| | |
City of Grand
Forks, Altru Health System (RB) 5.00%,
12/01/34 (c) | |
| 500 | | |
| 522,433 | |
County of Grand
Forks, Red River Biorefinery, LLC Project, Series A (RB) 6.62%,
12/15/31 (c) (d) * | |
| 3,000 | | |
| 30 | |
| | |
| | | |
| 522,463 | |
| Ohio: 2.1% | |
| | | |
| | |
Cleveland and
Cuyahoga County, Port Authority, Constellation Schools Project, Series A (RB) 5.25%,
01/01/34 (c) | |
| 500 | | |
| 513,562 | |
Columbus Regional
Airport Authority, John Glenn Columbus International Airport, Series A (RB) 5.00%,
01/01/36 (c) | |
| 1,000 | | |
| 1,098,245 | |
County of Allen,
Ohio, Hospital Facilities, Bon Secours Mercy Health, Inc., Series A (RB) 5.00%,
11/01/34 | |
| 1,000 | | |
| 1,131,855 | |
County of Cuyahoga,
Health Care and Independent Living Facilities, Series A (RB) 5.00%,
05/15/32 (c) | |
| 750 | | |
| 761,046 | |
| County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB) | |
| | | |
| | |
| 5.00%, 02/15/27 | |
| 350 | | |
| 353,209 | |
| 5.00%, 02/15/28 (c) | |
| 110 | | |
| 111,068 | |
County of Muskingum,
Ohio Hospital Facilities, Genesis Healthcare System (RB) 5.00%,
02/15/27 (c) | |
| 505 | | |
| 505,985 | |
Ohio Air Quality
Development Authority, American Electric Co. Project, Series A (RB) 2.40%,
12/01/38 (c) (p) | |
| 500 | | |
| 480,352 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Ohio (continued) | |
| | | |
| | |
Ohio
Air Quality Development Authority, American Electric Co. Project, Series B (RB) 2.60%,
06/01/41 (c) (p) | |
$ | 1,000 | | |
$ | 968,951 | |
Ohio
Air Quality Development Authority, FirstEnergy Generation Project, Series D (RB) 3.38%,
08/01/29 (p) | |
| 1,000 | | |
| 985,568 | |
Ohio
Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%,
09/01/29 | |
| 2,000 | | |
| 1,989,361 | |
| | |
| | | |
| 8,899,202 | |
| Oklahoma: 0.8% | |
| | | |
| | |
Oklahoma
County Finance Authority, Charter School, Astec Project (RB) 5.25%,
06/15/34 (c) | |
| 500 | | |
| 506,111 | |
| Oklahoma Development Finance Authority, OU Medicine Project,
Series B (RB) | |
| | | |
| | |
| 5.00%, 08/15/26 | |
| 1,000 | | |
| 1,003,233 | |
| 5.00%, 08/15/27 | |
| 250 | | |
| 254,412 | |
Tulsa
Municipal Airport Trust, American Airlines, Inc., Series B (RB) 5.50%,
06/01/35 (c) | |
| 1,500 | | |
| 1,500,118 | |
| | |
| | | |
| 3,263,874 | |
| Oregon: 0.1% | |
| | | |
| | |
Hospital
Facility Authority of the City of Albany, Oregon, Mennonite Village Project, Series B-3
(RB) 3.20%,
11/15/29 (c) | |
| 425 | | |
| 424,835 | |
| Pennsylvania: 2.2% | |
| | | |
| | |
Adams
County General Authority, Brethren Home Community Project, Series A (RB) 5.00%,
06/01/34 (c) | |
| 245 | | |
| 258,216 | |
| Allentown Neighborhood Improvement Zone Development Authority
(RB) | |
| | | |
| | |
| 5.00%, 05/01/27 | |
| 455 | | |
| 462,674 | |
| 5.00%, 05/01/28 | |
| 550 | | |
| 568,929 | |
| 5.00%, 05/01/28 | |
| 895 | | |
| 912,047 | |
Allentown
Neighborhood Improvement Zone Development Authority Tax (RB) 5.50%,
05/01/32 | |
| 250 | | |
| 268,991 | |
City
of Philadelphia, Gas Works (RB) 5.00%,
10/01/31 (c) | |
| 735 | | |
| 741,870 | |
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania (continued) | |
| | | |
| | |
City
of Philadelphia, Pennsylvania Airport, Series B (RB) 5.00%,
07/01/30 | |
$ | 500 | | |
$ | 537,416 | |
City
of Philadelphia, Pennsylvania Airport, Series B (RB) 5.00%,
07/01/34 | |
| 500 | | |
| 556,043 | |
City
of Philadelphia, Pennsylvania Gas Works (RB) 5.00%,
10/01/26 | |
| 100 | | |
| 100,904 | |
Delaware
Valley, Pennsylvania Regional Finance Authority, Series A (RB) (AMBAC) 5.50%,
08/01/28 | |
| 510 | | |
| 539,623 | |
Montgomery County Industrial Development Authority, Series B (RB)
4.10%, 06/01/29 | |
| 2,000 | | |
| 2,062,348 | |
Pennsylvania
Economic Development Financing Authority, Penndot Major Bridges Package One Project (RB) 5.00%,
06/30/32 | |
| 1,000 | | |
| 1,082,356 | |
Pennsylvania
Economic Development Financing Authority, Pennsylvania Rapid Bridge Replacement Project
(RB) 5.00%,
06/30/26 | |
| 130 | | |
| 130,304 | |
Pennsylvania
Turnpike Commission, Series A-2 (RB) 5.00%,
06/01/30 (c) | |
| 100 | | |
| 100,187 | |
| Philadelphia Authority for Industrial Development, University
of the Arts (RB) | |
| | | |
| | |
| 4.50%, 03/15/29 (c) | |
| 25 | | |
| 25,839 | |
| 4.50%, 03/15/29 (c) (d) * | |
| 171 | | |
| 34,118 | |
Philadelphia
Authority, Industrial Development, Electrical and Technology Charter School Project,
Series A (RB) 4.00%,
06/01/31 | |
| 440 | | |
| 433,864 | |
State
Public School Building Authority, School District of Philadelphia Project, Series A (RB)
(SAW) 5.00%,
06/01/29 (c) | |
| 200 | | |
| 202,475 | |
| The Hospitals and Higher Education, Facilities Authority
of Philadelphia (RB) | |
| | | |
| | |
| 5.00%, 07/01/26 | |
| 115 | | |
| 115,276 | |
| 5.00%, 07/01/29 (c) | |
| 275 | | |
| 278,744 | |
| | |
| | | |
| 9,412,224 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Puerto Rico: 7.0% | |
| | | |
| | |
Puerto
Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB) 5.00%,
07/01/30 | |
$ | 1,000 | | |
$ | 1,041,211 | |
| Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/28 | |
| 1,000 | | |
| 1,023,386 | |
| 5.00%, 07/01/33 (c) | |
| 2,000 | | |
| 2,092,544 | |
| Puerto Rico Commonwealth, Series A-1 (GO) (BAM) | |
| | | |
| | |
| 4.00%, 07/01/33 (c) | |
| 4,000 | | |
| 3,997,690 | |
| 4.00%, 07/01/35 (c) | |
| 1,500 | | |
| 1,487,668 | |
| 4.00%, 07/01/37 (c) | |
| 500 | | |
| 487,080 | |
| 5.62%, 07/01/27 | |
| 2,000 | | |
| 2,037,254 | |
| 5.62%, 07/01/29 | |
| 3,000 | | |
| 3,158,850 | |
| 5.75%, 07/01/31 | |
| 4,000 | | |
| 4,326,457 | |
| Puerto Rico Electric Power Authority (RB) (NATL) | |
| | | |
| | |
| 4.75%, 07/01/33 (c) | |
| 120 | | |
| 119,426 | |
| 5.25%, 07/01/26 | |
| 320 | | |
| 320,163 | |
| 5.25%, 07/01/29 | |
| 510 | | |
| 515,418 | |
| 5.25%, 07/01/30 | |
| 500 | | |
| 505,982 | |
| 5.25%, 07/01/32 | |
| 700 | | |
| 706,411 | |
| 5.25%, 07/01/33 | |
| 1,000 | | |
| 1,004,747 | |
Puerto Rico Municipal Finance Agency, Series A (RB) (AG)
5.00%, 08/01/30 (c) | |
| 780 | | |
| 782,360 | |
Puerto Rico Sales
Tax Financing Corp. Sales Tax, Series B-1 (RB) 0.00%,
07/01/29 (c) ^ | |
| 1,000 | | |
| 901,783 | |
| Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) | |
| | | |
| | |
| 0.00%, 07/01/31 (c) ^ | |
| 2,000 | | |
| 1,673,871 | |
| 0.00%, 07/01/33 (c) ^ | |
| 1,500 | | |
| 1,155,957 | |
| 4.50%, 07/01/34 (c) | |
| 1,000 | | |
| 1,000,057 | |
Puerto Rico Sales
Tax Financing Corp., Series A-1 (RB) (AG) 0.00%,
07/01/29 (c) ^ | |
| 1,308 | | |
| 1,179,533 | |
| | |
| | | |
| 29,517,848 | |
| Rhode Island: 0.6% | |
| | | |
| | |
Rhode Island Health
and Educational Building Corp., Care New England, Series B (RB) 5.00%,
09/01/31 (c) | |
| 1,000 | | |
| 1,000,945 | |
Rhode Island Health
and Educational Building Corporation Hospital Financing, Brown University Health Obligated Group
Issue, Series B (RB) 5.00%,
05/15/31 (c) | |
| 1,500 | | |
| 1,620,869 | |
| | |
| | | |
| 2,621,814 | |
| | |
Par
(000’s | ) | |
Value | |
| South Carolina: 1.8% | |
| | | |
| | |
Patriots
Energy Group Financing Agency, Gas Supply, Series A (RB) 5.25%,
10/01/54 (c) (p) | |
$ | 5,000 | | |
$ | 5,363,520 | |
South Carolina
Jobs-Economic Development Authority Educational Facilities,Series A (RB) 5.50%,
06/15/33 (c) | |
| 1,000 | | |
| 986,341 | |
South Carolina
Jobs-Economic Development Authority Health Facilities, Series B-3 (RB) 4.00%,
12/01/30 | |
| 500 | | |
| 501,305 | |
South Carolina
Jobs-Economic Development Authority, The Woodlands at Furman (RB) 4.00%,
11/15/27 (c) | |
| 125 | | |
| 124,859 | |
| South Carolina Public Service Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/31 (c) | |
| 170 | | |
| 170,317 | |
| 5.00%, 12/01/31 (c) | |
| 355 | | |
| 355,602 | |
| | |
| | | |
| 7,501,944 | |
| Tennessee: 0.9% | |
| | | |
| | |
| Metropolitan Nashville Airport Authority Airport Improvement, Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/38 (c) | |
| 700 | | |
| 770,242 | |
| 5.25%, 07/01/35 (c) | |
| 500 | | |
| 547,951 | |
New Memphis Arena
Public Building Authority, Memphis and Shelby County, Tennessee (RB) 0.00%,
04/01/33 (c) ^ | |
| 1,000 | | |
| 739,651 | |
Tennessee Corp.
Gas Supply, Series A (RB) 5.50%,
10/01/53 (c) (p) | |
| 500 | | |
| 531,563 | |
Tennessee Energy
Acquisition Corp., Commodity Project, Series A (RB) 5.00%,
05/01/52 (c) (p) | |
| 1,000 | | |
| 1,060,622 | |
Tennessee Energy
Acquisition Corp., Gas Project, Series A (RB) 5.25%,
09/01/26 | |
| 290 | | |
| 291,844 | |
| | |
| | | |
| 3,941,873 | |
| Texas: 6.8% | |
| | | |
| | |
Arlington, Texas
Higher Education Finance Corp. (RB) 5.00%,
06/15/35 (c) | |
| 500 | | |
| 523,646 | |
Austin Convention
Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) 5.00%,
01/01/33 (c) | |
| 1,200 | | |
| 1,204,245 | |
Austin Convention
Enterprises, Inc., Convention Center Hotel, Second Tier, Series A (RB) 5.00%,
01/01/30 (c) | |
| 500 | | |
| 501,806 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Calhoun
County Navigation Industrial Development Authority, Max Midstream Texas LLC Project,
Series A (RB) 3.62%,
07/01/26 (c) | |
$ | 1,465 | | |
$ | 1,455,156 | |
City of Anna TX
(SA) 4.00%,
09/15/36 | |
| 250 | | |
| 244,050 | |
City of Houston
TX Airport System Revenue (RB) 5.00%,
07/15/28 | |
| 1,500 | | |
| 1,538,798 | |
City of Houston,
Airport System, Series C (RB) 5.00%,
07/01/27 | |
| 180 | | |
| 184,132 | |
City of Houston,
Airport System, United Airlines, Inc. Terminal E Project (RB) 5.00%,
07/01/29 (c) | |
| 2,465 | | |
| 2,467,638 | |
City of Houston,
Airport System, United Airlines, Inc. Terminal E Project, Series A (RB) 5.00%,
07/01/27 | |
| 250 | | |
| 253,856 | |
City of Houston,
Texas Airport System Special Facilities Revenue (United Airlines, Inc. Terminal Improvement Projects)
Series B (RB) 5.25%,
07/15/30 | |
| 500 | | |
| 523,942 | |
City of Houston,
Texas Airport System Special Facilities Revenue, Series B (RB) 5.25%,
07/15/28 | |
| 1,000 | | |
| 1,031,055 | |
| City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series C (RB) | |
| | | |
| | |
| 5.00%, 07/15/27 | |
| 2,000 | | |
| 2,031,828 | |
| 5.00%, 07/15/28 | |
| 500 | | |
| 512,933 | |
| City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Terminal Improvement
Projects, Series B (RB) | |
| | | |
| | |
| 5.25%, 07/15/34 | |
| 500 | | |
| 533,555 | |
| 5.50%, 07/15/37 (c) | |
| 1,000 | | |
| 1,070,467 | |
City of Houston,
Texas Airport System Special Facilities, United Airlines, Inc., Terminal Improvement Projects,
Series B-2 (RB) 5.00%,
07/15/27 | |
| 1,750 | | |
| 1,777,850 | |
Dallas fort Worth,
Texas International Airport, Series A-1 (RB) 5.00%,
11/01/36 (c) | |
| 1,000 | | |
| 1,099,167 | |
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Dallas
Fort Worth, Texas International Airport, Series A-1 (RB) 5.00%,
11/01/31 | |
$ | 500 | | |
$ | 545,195 | |
Harris County,
Houston Sports Authority, Junior Lien, Series A (RB) (AG) 5.00%,
11/15/30 | |
| 500 | | |
| 544,488 | |
Harris County,
Houston Sports Authority, Junior Lien, Series H (RB) (NATL) 0.00%,
11/15/29 ^ | |
| 315 | | |
| 282,441 | |
Hunt Memorial
Hospital District (GO) 4.38%,
02/15/36 | |
| 250 | | |
| 241,982 | |
Matagorda County,
Navigation District No. 1, Series B-1 (RB) 4.00%,
06/01/30 (c) | |
| 1,250 | | |
| 1,250,404 | |
Mesquite Health
Facility Development Corp., Christian Care Centers, Inc. Project (RB) (NATL) 5.00%,
02/15/30 (c) (d) * | |
| 102 | | |
| 1,015 | |
Mission Economic
Development Corp., Graphic Packaging International LLC Project (RB) 5.00%,
12/01/64 (p) | |
| 250 | | |
| 260,451 | |
Mission Economic
Development Corp., Senior Lien, Natgasoline Project (RB) 4.62%,
10/01/31 (c) | |
| 3,455 | | |
| 3,463,524 | |
New Hope Cultural
Education Facilities Finance Corp., Carillon Lifecare Community Project (RB) 4.00%,
07/01/28 (c) | |
| 625 | | |
| 625,027 | |
New Hope Cultural
Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB) 5.25%,
08/15/27 (c) | |
| 75 | | |
| 73,562 | |
Port Beaumont
Navigation District, Texas Dock & Wharf Facility, Series A (RB) 2.62%,
01/01/31 (c) | |
| 550 | | |
| 467,601 | |
SA Energy Acquisition
Public Facility Corp., Gas Supply (RB) 5.50%,
08/01/27 | |
| 110 | | |
| 112,709 | |
Tarrant County
Cultural Education Facilities Finance Corp., MRC Stevenson Oaks Project, Series A (RB) 6.25%,
11/15/31 (c) | |
| 250 | | |
| 252,124 | |
Tarrant County
Cultural Education Facilities Finance Corp., Retirement Facility (RB) 4.00%,
05/15/27 (c) | |
| 120 | | |
| 119,924 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Texas
Municipal Gas Acquisition & Supply Corp. V (RB) 5.00%,
04/01/36 (c) | |
$ | 500 | | |
$ | 521,403 | |
Texas Municipal
Gas Acquisition & Supply Corp. VI (RB) 5.00%,
01/01/36 (c) | |
| 500 | | |
| 528,358 | |
| Texas Municipal Gas Acquisition and Supply Corp. III (RB) | |
| | | |
| | |
| 5.00%, 12/15/28 | |
| 350 | | |
| 365,045 | |
| 5.00%, 12/15/30 | |
| 1,000 | | |
| 1,061,105 | |
Texas Municipal
Gas Acquisition and Supply Corp. V (RB) 5.00%,
01/01/55 (c) (p) | |
| 1,000 | | |
| 1,066,890 | |
Texas Municipal
Gas Acquisition and Supply Corp., Series D (RB) 6.25%,
12/15/26 | |
| 180 | | |
| 183,658 | |
| | |
| | | |
| 28,921,030 | |
| Utah: 0.3% | |
| | | |
| | |
Salt Lake City,
Utah Airport, Series A (RB) 5.00%,
07/01/37 (c) | |
| 1,000 | | |
| 1,103,390 | |
| Vermont: 0.2% | |
| | | |
| | |
Vermont Educational & Health Buildings Financing Agency, Series A (RB) 5.00%,
12/01/31 (c) | |
| 1,000 | | |
| 1,001,257 | |
| Virgin Islands: 0.2% | |
| | | |
| | |
Matching Fund
Special Purpose Securitization Corp., Virgin Islands, Series A (RB) 5.00%,
10/01/32 | |
| 1,000 | | |
| 1,040,786 | |
| Virginia: 1.2% | |
| | | |
| | |
Amherst Industrial
Development Authority, Educational Facilities, Sweet Briar College (RB) 4.75%,
09/01/30 (c) | |
| 140 | | |
| 137,236 | |
Peninsula Town
Center Community Development Authority (RB) 4.50%,
09/01/28 (c) | |
| 230 | | |
| 231,842 | |
| Virginia Beach Development Authority, Residential Care Facility, Series A (RB) | |
| | | |
| | |
| 5.75%, 09/01/30 (c) | |
| 1,000 | | |
| 1,005,218 | |
| 5.75%, 09/01/33 (c) | |
| 1,000 | | |
| 1,102,112 | |
| Virginia Small Business Financing Authority, 95 Express Lanes LLC Project (RB) | |
| | | |
| | |
| 5.00%, 01/01/34 (c) | |
| 500 | | |
| 532,278 | |
| 5.00%, 07/01/35 (c) | |
| 500 | | |
| 528,316 | |
| | |
Par
(000’s | ) | |
Value | |
| Virginia (continued) | |
| | | |
| | |
Virginia Small Business Financing Authority, Elizabeth River Crossing OPCO LLC Project (RB)
4.00%, 01/01/31 | |
$ | 635 | | |
$ | 645,064 | |
Virginia Small Business Financing Authority, Residential Care Facilities, Series A (RB)
5.00%, 12/01/34 (c) | |
| 965 | | |
| 1,049,173 | |
| | |
| | | |
| 5,231,239 | |
| Washington: 0.9% | |
| | | |
| | |
King County, Washington Public Hospital District No. 1 (GO)
5.00%, 12/01/32 (c) | |
| 250 | | |
| 252,078 | |
Washington State Housing Finance Commission (RB)
3.50%, 12/20/35 | |
| 730 | | |
| 704,417 | |
Washington State Housing Finance Commission Nonprofit Housing Revenue and Refunding, Horizon House Project, Series B-3 (RB)
4.38%, 01/01/33 (c) | |
| 1,000 | | |
| 995,882 | |
Washington State, Convention Center Public Facilities District (RB)
4.00%, 07/01/31 | |
| 1,000 | | |
| 1,023,161 | |
Washington State, Housing Finance Commission, Parkshore Juanita Bay Project, Series B-2 (RB)
3.95%, 07/01/29 (c) | |
| 500 | | |
| 500,047 | |
Washington State, Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB)
5.00%, 01/01/31 (c) | |
| 365 | | |
| 367,509 | |
| | |
| | | |
| 3,843,094 | |
| West Virginia: 0.5% | |
| | | |
| | |
West Virginia Economic Development Authority, Solid Waste Facility, Commercial Metals Company Project (RB)
4.62%, 04/15/55 (c) (p) | |
| 1,500 | | |
| 1,535,726 | |
West Virginia Economic Development Authority, Solid Waste Facility, Core Natural Resources, Inc. Project (RB)
5.45%, 01/01/55 (c) (p) | |
| 500 | | |
| 540,705 | |
West Virginia Hospital Finance Authority, West Virginia University Health System, Series A (RB)
5.00%, 06/01/26 | |
| 150 | | |
| 150,221 | |
| | |
| | | |
| 2,226,652 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin: 1.6% | |
| | | |
| | |
Public
Finance Authority Education, Pinecrest Academy of Nevada—Pinecrest Academy Springs
Campus Project, Series A (RB) 4.00%,
07/15/33 (c) | |
$ | 250 | | |
$ | 248,563 | |
Public Finance
Authority, Bonnie Cone Classical Academy, Inc. (RB) 5.00%,
06/15/34 (c) | |
| 500 | | |
| 467,805 | |
Public Finance
Authority, Celanese Corp., Series C (RB) 4.30%,
11/01/30 (c) | |
| 1,000 | | |
| 999,954 | |
Public Finance
Authority, Foundation Academy Charter School Project (RB) 5.00%,
07/01/35 | |
| 250 | | |
| 261,624 | |
Public Finance
Authority, Living Community First Mortgage (RB) 4.25%,
05/01/29 (c) | |
| 295 | | |
| 275,091 | |
Public Finance
Authority, Penick Village (RB) 4.00%,
09/01/29 (c) | |
| 310 | | |
| 311,436 | |
Public Finance
Authority, Pinecrest Academy, Sloan Canyon Campus Project, Series A (RB) 4.00%,
07/15/34 (c) | |
| 250 | | |
| 247,047 | |
Public Finance
Authority, Prime Healthcare Foundation, Inc., Series A (RB) 5.00%,
12/01/27 | |
| 650 | | |
| 656,645 | |
Public Finance
Authority, Sky Harbour Capital Iii Llc Aviation Facilities Project (RB) 6.00%,
07/01/60 (c) (p) | |
| 500 | | |
| 508,244 | |
Public Finance
Authority, Triad Educational Services, Inc. (RB) 5.00%,
06/15/36 (c) | |
| 500 | | |
| 504,911 | |
Public Finance
Authority, Ultimate Medical Academy Project, Series A (RB) 5.00%,
10/01/34 (c) | |
| 500 | | |
| 514,972 | |
Public Finance
Authority, UNC Health Southeastern, Series A (RB) 4.00%,
02/01/35 (c) | |
| 150 | | |
| 137,393 | |
Public Finance
Authority, Wisconsin (RB) 5.50%,
12/15/32 (c) | |
| 340 | | |
| 339,636 | |
| Public Finance Authority, Wisconsin Education Revenue, Series A (RB) | |
| | | |
| | |
| 4.10%, 06/15/26 | |
| 50 | | |
| 49,944 | |
| 4.10%, 06/15/26 | |
| 25 | | |
| 25,022 | |
Public Finance
Authority, Wisconsin, Series A-4 (RB) 5.50%,
11/15/32 (c) | |
| 239 | | |
| 239,117 | |
| | |
Par
(000’s | ) | |
Value | |
| Wisconsin (continued) | |
| | | |
| | |
Wisconsin
Health and Educational Facilities Authority, Chiara Housing and Services Inc., Project
(RB) 5.00%,
07/01/35 (c) | |
$ | 240 | | |
$ | 246,275 | |
Wisconsin
Health and Educational Facilities Authority, Prohealth Care, Inc. (RB) 3.00%,
08/15/26 (c) | |
| 825 | | |
| 823,843 | |
| | |
| | | |
| 6,857,522 | |
Total Municipal Bonds:
(Cost: $410,174,954) | |
| | | |
| 399,026,352 | |
| | |
| | | |
| | |
| | |
Number
of Shares | | |
| | |
WARRANTS: 0.0%
(Cost: $0) | |
| | | |
| | |
| Nevada: 0.0% | |
| | | |
| | |
| BL Train Holdings West LLC, USD 11.50, exp. 12/01/35*∞ | |
| 60,000 | | |
| 183,750 | |
Total Investments: 94.3%
(Cost: $410,174,954) | |
| | | |
| 399,210,102 | |
| Other assets less liabilities: 5.7% | |
| | | |
| 23,949,853 | |
| NET ASSETS: 100.0% | |
| | | |
$ | 423,159,955 | |
See Notes to Financial Statements
VANECK SHORT HIGH YIELD MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
Definitions:
| ACA |
Credit Agricole SA |
| AG |
Assured Guaranty, Inc. |
| AMBAC |
American Municipal Bond Assurance Corp. |
| BAM |
Build America Assurance Co. |
| CP |
Certificate of Participation |
| FGIC |
Financial Guaranty Insurance Co. |
| FHA |
Federal Housing Association |
| GO |
General Obligation |
| NATL |
National Public Finance Guarantee Corp. |
| RB |
Revenue Bond |
| SA |
Special Assessment |
| SAW |
State Aid Withholding |
| SBG |
School Board Guaranteed |
| ST |
Special Tax |
| TA |
Tax Allocation |
| USD |
United States Dollar |
Footnotes:
| (c) |
Callable Security — the date disclosed is the date the security may be redeemed by the issuer |
| (d) |
Security in default |
| (p) |
Putable Security — the date disclosed is the date the security may be redeemed by the fund |
| * |
Non-income producing |
| ^ |
Zero Coupon Bond |
| ∞ |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
The summary of inputs used to value the Fund’s investments as of April
30, 2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Municipal Bonds * | |
$ | — | | |
$ | 399,026,352 | | |
$ | — | | |
$ | 399,026,352 | |
| Warrants * | |
| — | | |
| — | | |
| 183,750 | | |
| 183,750 | |
| Total Investments | |
$ | — | | |
$ | 399,026,352 | | |
$ | 183,750 | | |
$ | 399,210,102 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
April 30, 2026
| | |
Par
(000’s | ) | |
Value | |
| MUNICIPAL BONDS: 96.8% | |
| | | |
| | |
| Alabama: 2.9% | |
| | | |
| | |
Alabama Public School and College Authority, Series A (RB) 5.00%, 11/01/31 (c) | |
$ | 525 | | |
$ | 575,031 | |
Black Belt Energy Gas District, Project No. 7, Series C-1 (RB) 4.00%, 10/01/52 (c) (p) | |
| 2,200 | | |
| 2,210,433 | |
Black Belt Energy Gas District, Series D-1 (RB) 5.50%, 06/01/49 (c) (p) | |
| 1,000 | | |
| 1,049,962 | |
Black Belt Energy Gas District, Series E (RB) 5.00%, 05/01/53 (p) | |
| 1,000 | | |
| 1,039,164 | |
Energy Southeast A Cooperative District, Energy Supply, Series A (RB) 5.50%, 11/01/53 (c) (p) | |
| 1,710 | | |
| 1,837,453 | |
Jefferson County (RB) 5.00%, 09/15/28 (c) | |
| 525 | | |
| 535,330 | |
Southeast Energy Authority, A Cooperative District Energy Supply, Series E (RB) 5.00%, 10/01/30 (c) | |
| 500 | | |
| 534,591 | |
Southeast Energy Authority, Cooperative District Commodity Supply, Series A (RB) 5.25%, 01/01/54 (c) (p) | |
| 1,000 | | |
| 1,051,781 | |
| | |
| | | |
| 8,833,745 | |
| Arizona: 1.9% | |
| | | |
| | |
| Arizona Department of Transportation State Highway Fund Revenue (RB) | |
| | | |
| | |
| 5.00%, 07/01/30 (c) | |
| 835 | | |
| 838,074 | |
| 5.00%, 07/01/31 (c) | |
| 1,050 | | |
| 1,053,865 | |
Arizona Industrial Development Authority, Series A (RB) 5.00%, 11/01/28 (c) | |
| 500 | | |
| 520,048 | |
City of Mesa, Arizona Utility System (RB) 4.00%, 07/01/31 (c) | |
| 1,550 | | |
| 1,552,098 | |
City of Phoenix Civic Improvement Corp. (RB) 5.00%, 07/01/29 (c) | |
| 620 | | |
| 622,561 | |
Salt River Project Agricultural Improvement & Power District, Series A (RB) 5.00%, 01/01/27 | |
| 500 | | |
| 508,070 | |
Salt River Project Agricultural Improvement and Power District, Series A (RB) 5.00%, 01/01/32 | |
| 500 | | |
| 560,691 | |
| | |
| | | |
| 5,655,407 | |
| California: 15.4% | |
| | | |
| | |
Beverly Hills, California Unified School District (GO) 0.00%, 08/01/30 ^ | |
| 1,000 | | |
| 893,939 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California Community Choice Financing Authority (RB) 5.00%, 02/01/54 (c) (p) | |
$ | 500 | | |
$ | 528,295 | |
California Community Choice Financing Authority, Clean Energy Project, Series A-1 (RB) 4.00%, 05/01/53 (c) (p) | |
| 500 | | |
| 506,455 | |
| California Community Choice Financing Authority, Clean Energy Project, Series B-1 (RB) | |
| | | |
| | |
| 4.00%, 02/01/52 (c) (p) | |
| 1,000 | | |
| 1,009,900 | |
| 5.00%, 07/01/53 (c) (p) | |
| 1,000 | | |
| 1,043,774 | |
California Community Choice Financing Authority, Clean Energy Project, Series D (RB) 5.50%, 05/01/54 (c) (p) | |
| 2,000 | | |
| 2,091,120 | |
California Community Choice Financing Authority, Clean Energy Project, Series G-1 (RB) 5.25%, 11/01/54 (c) (p) | |
| 1,000 | | |
| 1,059,267 | |
California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series A (RB) 5.00%, 08/15/31 (c) | |
| 310 | | |
| 312,043 | |
California Health Facilities Financing Authority, Kaiser Permanente, Series A-1 (RB) 5.00%, 11/01/27 | |
| 500 | | |
| 518,895 | |
California Health Facilities Financing Authority, Stanford Health Care, Series A (RB) 5.00%, 11/15/31 (c) | |
| 750 | | |
| 778,089 | |
California Infrastructure and Economic Development Bank, Series B (RB) 5.00%, 11/01/29 (c) | |
| 500 | | |
| 530,600 | |
California Infrastructure and Economic Development Bank, Series B-2 (RB) 3.00%, 10/01/47 (c) (p) | |
| 500 | | |
| 500,186 | |
California State Public Works Board, Department of Corrections and Rehabilitation, Series D (RB) 3.00%, 09/01/31 (c) | |
| 500 | | |
| 496,737 | |
California State Public Works Board, Sacramento Region New Natural Resources Headquarters, Series C (RB) 5.00%, 11/01/29 | |
| 675 | | |
| 730,820 | |
| California State Public Works Board, Various Capital Projects, Series B (RB) | |
| | | |
| | |
| 5.00%, 10/01/26 | |
| 830 | | |
| 838,547 | |
| 5.00%, 10/01/28 (c) | |
| 785 | | |
| 812,694 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
California State Public Works Board, Various Capital Projects, Series C (RB) 4.00%, 11/01/31 (c) | |
$ | 1,000 | | |
$ | 1,005,150 | |
California State Public Works Board, Various Correctional Facilities, Series D (RB) 5.00%, 09/01/26 | |
| 500 | | |
| 504,094 | |
California State University, Series A (RB) 5.00%, 11/01/31 (c) | |
| 1,510 | | |
| 1,513,071 | |
California State University, Series B-3 (RB) 3.12%, 11/01/51 (c) (p) | |
| 500 | | |
| 499,028 | |
California Statewide Communities Development Authority, Pollution Control, Southern California Edison Company, Series A (RB) 1.75%, 09/01/29 (c) | |
| 2,500 | | |
| 2,346,201 | |
City of San Francisco, Public Utilities Commission Water, Series C (RB) 5.00%, 11/01/28 | |
| 500 | | |
| 534,233 | |
East County, California Advanced Water Purification Joint Powers Authority, Series A (RB) 3.12%, 09/01/26 (c) | |
| 500 | | |
| 499,738 | |
Foothill-Eastern Transportation Corridor Agency, Series A (RB) 0.00%, 01/01/27 ^ | |
| 500 | | |
| 491,696 | |
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB)(AG) 0.00%, 06/01/26 ^ | |
| 1,000 | | |
| 997,923 | |
Kern High School District, Series C (GO) (AG) 2.00%, 08/01/31 (c) | |
| 1,600 | | |
| 1,482,825 | |
Los Angeles County Metropolitan Transportation Authority, Sales Tax, Series A (RB) 5.00%, 07/01/31 (c) | |
| 795 | | |
| 817,298 | |
Los Angeles Unified School District, Series A (GO) 5.00%, 07/01/30 (c) | |
| 1,720 | | |
| 1,855,428 | |
Los Angeles Unified School District, Series B (GO) 5.00%, 07/01/30 (c) | |
| 500 | | |
| 501,947 | |
Oakland, California Unified School District (GO) 5.00%, 08/01/26 | |
| 380 | | |
| 382,145 | |
Public Facilities Financing Authority of the City of San Diego, Subordinated Water, Series B (RB) 5.00%, 08/01/27 (c) | |
| 500 | | |
| 502,720 | |
| | |
Par
(000’s | ) | |
Value | |
| California (continued) | |
| | | |
| | |
San Bernardino Community College District, Series A (GO) 4.00%, 08/01/49 (c) | |
$ | 540 | | |
$ | 551,269 | |
San Francisco, California City & County Public Utilities Commission Wastewater, Series A (RB) 5.00%, 10/01/26 | |
| 1,000 | | |
| 1,010,465 | |
| State of California, Various Purpose (GO) | |
| | | |
| | |
| 5.00%, 09/01/26 | |
| 1,000 | | |
| 1,008,187 | |
| 5.00%, 04/01/27 | |
| 750 | | |
| 767,710 | |
| 5.00%, 08/01/27 | |
| 1,305 | | |
| 1,347,231 | |
| 5.00%, 09/01/27 | |
| 1,000 | | |
| 1,034,559 | |
| 5.00%, 10/01/27 | |
| 500 | | |
| 518,385 | |
| 5.00%, 10/01/27 | |
| 530 | | |
| 549,488 | |
| 5.00%, 10/01/27 | |
| 1,000 | | |
| 1,036,769 | |
| 5.00%, 09/01/28 | |
| 1,000 | | |
| 1,059,151 | |
| 5.00%, 11/01/28 (c) | |
| 1,000 | | |
| 1,038,060 | |
| 5.00%, 11/01/28 | |
| 910 | | |
| 967,501 | |
| 5.00%, 10/01/29 | |
| 1,000 | | |
| 1,082,286 | |
| 5.00%, 04/01/30 | |
| 2,910 | | |
| 3,174,515 | |
| 5.00%, 09/01/30 (c) | |
| 1,095 | | |
| 1,103,267 | |
| 5.00%, 10/01/30 (c) | |
| 750 | | |
| 810,528 | |
| 5.00%, 10/01/31 (c) | |
| 1,500 | | |
| 1,619,024 | |
| 5.00%, 10/01/31 | |
| 1,500 | | |
| 1,675,215 | |
| | |
| | | |
| 46,938,468 | |
| Colorado: 1.8% | |
| | | |
| | |
Boulder Larimer & Weld Counties, St. Vrain Valley School District, Series C (GO) (SAW) 5.00%, 12/15/35 (c) | |
| 500 | | |
| 507,348 | |
City of Colorado Springs CO Utilities System Revenue (RB) 5.00%, 11/15/26 | |
| 500 | | |
| 506,524 | |
Colorado Health Facilities Authority, Series A (RB) 5.00%, 11/15/60 (c) (p) | |
| 1,000 | | |
| 1,079,514 | |
Jefferson County School District R-1 (GO) 5.00%, 12/15/30 (c) | |
| 1,110 | | |
| 1,175,623 | |
Regional Transportation District, Fastracks Project, Series B (RB) 5.00%, 11/01/28 | |
| 1,000 | | |
| 1,060,186 | |
State of Colorado, Series A (CP) 5.00%, 12/15/26 | |
| 500 | | |
| 507,302 | |
University of Colorado, Series A-2 (RB) 4.00%, 06/01/34 (c) | |
| 500 | | |
| 514,185 | |
| | |
| | | |
| 5,350,682 | |
| Connecticut: 3.0% | |
| | | |
| | |
Connecticut State Health and Educational Facilities Authority, Yale University, Series B-1 (RB) 5.00%, 07/01/64 (p) | |
| 1,000 | | |
| 1,089,542 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Connecticut (continued) | |
| | | |
| | |
State of Connecticut, Health & Educational Facilities Authority, Series A (RB) 5.00%, 07/01/26 | |
$ | 500 | | |
$ | 501,782 | |
State of Connecticut, Series A (GO) 3.00%, 01/15/32 (c) | |
| 1,000 | | |
| 999,052 | |
State of Connecticut, Series A (RB) 5.00%, 07/01/31 | |
| 350 | | |
| 388,535 | |
State of Connecticut, Series B (GO) (BAM) 3.00%, 06/01/29 | |
| 1,000 | | |
| 1,006,814 | |
State of Connecticut, Transportation Infrastructure Purposes, Series A (RB) 5.00%, 05/01/31 | |
| 1,650 | | |
| 1,827,191 | |
| State of Connecticut, Transportation Infrastructure Purposes, Series A (ST) | |
| | | |
| | |
| 5.00%, 05/01/26 | |
| 1,015 | | |
| 1,015,000 | |
| 5.00%, 05/01/28 | |
| 600 | | |
| 629,212 | |
| University of Connecticut, Series A (RB) | |
| | | |
| | |
| 5.00%, 04/15/29 (c) | |
| 1,000 | | |
| 1,046,597 | |
| 5.00%, 01/15/30 (c) | |
| 745 | | |
| 757,598 | |
| | |
| | | |
| 9,261,323 | |
| Delaware: 0.2% | |
| | | |
| | |
Delaware Transportation Authority, Series A (RB) 5.00%, 07/01/26 | |
| 500 | | |
| 501,985 | |
| District of Columbia: 0.9% | |
| | | |
| | |
Metropolitan Washington Airports Authority, Series B (RB) 5.00%, 10/01/28 | |
| 500 | | |
| 528,530 | |
Washington Convention & Sports Authority, Series A (RB) 5.00%, 10/01/30 (c) | |
| 1,000 | | |
| 1,026,481 | |
| Washington Metropolitan Area Transit Authority, Series B (RB) | |
| | | |
| | |
| 5.00%, 07/01/30 (c) | |
| 555 | | |
| 569,004 | |
| 5.00%, 07/01/31 (c) | |
| 650 | | |
| 665,646 | |
| | |
| | | |
| 2,789,661 | |
| Florida: 3.7% | |
| | | |
| | |
Central Florida Expressway Authority (RB) (AG) 5.00%, 07/01/27 | |
| 500 | | |
| 513,803 | |
Central Florida Expressway Authority, Series A (RB) 4.00%, 07/01/31 (c) | |
| 1,250 | | |
| 1,251,628 | |
Central Florida Expressway Authority, Series A (RB) (BAM) 5.00%, 07/01/38 (c) | |
| 1,000 | | |
| 1,026,907 | |
| | |
Par
(000’s | ) | |
Value | |
| Florida (continued) | |
| | | |
| | |
City of Orlando, Senior Tourist Development Tax, Series A (RB) (AG) 5.00%, 11/01/31 (c) | |
$ | 2,000 | | |
$ | 2,060,326 | |
County of Miami-Dade (RB) 5.00%, 10/01/29 (c) | |
| 510 | | |
| 514,443 | |
County of Miami-Dade, Florida Water and Sewer System (RB) 5.00%, 10/01/28 | |
| 1,000 | | |
| 1,056,336 | |
Miami Beach Redevelopment Agency (TA) (AG) 5.00%, 02/01/31 | |
| 500 | | |
| 543,418 | |
Orange County, Florida Tourist Development Tax (RB) 5.00%, 10/01/30 | |
| 490 | | |
| 535,135 | |
Reedy Creek Improvement District, Series A (GO) 4.00%, 06/01/31 (c) | |
| 1,000 | | |
| 1,011,918 | |
South Miami, Florida Health Facilities Authority Hospital Baptist Health (RB) 5.00%, 08/15/29 (c) | |
| 710 | | |
| 729,856 | |
State of Florida, Board of Education Full Faith and Credit, Series E (GO) 3.00%, 06/01/30 (c) | |
| 1,000 | | |
| 998,413 | |
State of Florida, Department of Transportation, Federal Highway Reimbursement, Series A (RB) 5.00%, 07/01/30 | |
| 880 | | |
| 957,710 | |
| | |
| | | |
| 11,199,893 | |
| Georgia: 4.1% | |
| | | |
| | |
Georgia State Road and Tollway Authority (RB) 5.00%, 06/01/29 | |
| 800 | | |
| 857,320 | |
Main Street Natural Gas, Inc. (RB) 5.00%, 04/01/54 (c) (p) | |
| 2,000 | | |
| 2,128,909 | |
Main Street Natural Gas, Inc., Gas Supply, Series A (RB) 5.00%, 05/01/54 (c) (p) | |
| 1,000 | | |
| 1,071,733 | |
Main Street Natural Gas, Inc., Series A (RB) 4.00%, 07/01/52 (c) (p) | |
| 1,250 | | |
| 1,266,319 | |
| Main Street Natural Gas, Inc., Series B (RB) | |
| | | |
| | |
| 5.00%, 12/01/52 (c) (p) | |
| 500 | | |
| 520,840 | |
| 5.00%, 07/01/53 (c) (p) | |
| 1,000 | | |
| 1,057,582 | |
| Main Street Natural Gas, Inc., Series C (RB) | |
| | | |
| | |
| 4.00%, 03/01/50 (c) (p) | |
| 1,500 | | |
| 1,504,082 | |
| 4.00%, 08/01/52 (c) (p) | |
| 500 | | |
| 499,717 | |
| 5.00%, 09/01/53 (c) (p) | |
| 1,000 | | |
| 1,059,372 | |
| State of Georgia, Series A (GO) | |
| | | |
| | |
| 5.00%, 08/01/26 | |
| 700 | | |
| 704,145 | |
| 5.00%, 02/01/29 (c) | |
| 680 | | |
| 684,271 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Georgia (continued) | |
| | | |
| | |
State of Georgia, Series C (GO) 5.00%, 07/01/26 | |
$ | 1,000 | | |
$ | 1,003,918 | |
| | |
| | | |
| 12,358,208 | |
| Hawaii: 1.2% | |
| | | |
| | |
City & County of Honolulu, Hawaii Rail Transit Project, Series B (GO) 5.00%, 03/01/31 (c) | |
| 1,930 | | |
| 2,095,180 | |
City & County of Honolulu, Hawaii Rail Transit Project, Series E (GO) 5.00%, 03/01/27 | |
| 500 | | |
| 510,032 | |
State of Hawaii, Series ET (GO) 3.00%, 10/01/29 (c) | |
| 1,000 | | |
| 999,536 | |
| | |
| | | |
| 3,604,748 | |
| Illinois: 3.2% | |
| | | |
| | |
Chicago O’Hare International Airport, Series D (RB) 5.00%, 01/01/30 | |
| 500 | | |
| 539,608 | |
| City of Chicago, Series A (GO) | |
| | | |
| | |
| 5.00%, 01/01/27 | |
| 365 | | |
| 367,791 | |
| 5.00%, 01/01/30 | |
| 2,000 | | |
| 2,071,286 | |
| Illinois Finance Authority, Clean Water Initiative (RB) | |
| | | |
| | |
| 5.00%, 07/01/27 | |
| 685 | | |
| 704,629 | |
| 5.00%, 01/01/28 | |
| 500 | | |
| 520,603 | |
Illinois Finance Authority, Northshore University Health System, Series A (RB) (AG) 5.00%, 08/15/26 | |
| 500 | | |
| 503,127 | |
Illinois State Toll Highway Authority, Series A (RB) 5.00%, 01/01/27 | |
| 415 | | |
| 421,366 | |
Illinois State Toll Highway Authority, Series C (RB) 5.00%, 01/01/27 | |
| 650 | | |
| 659,970 | |
Illinois State, Series A (GO) 5.00%, 11/01/27 | |
| 1,000 | | |
| 1,031,438 | |
Regional Transportation Authority of Illinois, Series A (RB) 5.00%, 07/01/28 (c) | |
| 735 | | |
| 752,935 | |
State of Illinois (GO) 3.50%, 06/01/29 (c) | |
| 685 | | |
| 685,123 | |
State of Illinois, Series A (RB) 4.00%, 06/15/28 | |
| 580 | | |
| 592,318 | |
State of Illinois, Series D (GO) 5.00%, 11/01/26 | |
| 800 | | |
| 808,542 | |
| | |
| | | |
| 9,658,736 | |
| Indiana: 1.0% | |
| | | |
| | |
Indiana Finance Authority (RB) 5.00%, 02/01/32 | |
| 500 | | |
| 549,874 | |
Indiana Finance Authority, Midwestern Disaster Relief, Series A (RB) 4.25%, 11/01/30 | |
| 1,545 | | |
| 1,590,243 | |
| | |
Par
(000’s | ) | |
Value | |
| Indiana (continued) | |
| | | |
| | |
Indiana Finance Authority, Series E (RB) 5.00%, 06/01/29 | |
$ | 935 | | |
$ | 1,001,705 | |
| | |
| | | |
| 3,141,822 | |
| Iowa: 0.8% | |
| | | |
| | |
Iowa Finance Authority (RB) 5.00%, 08/01/31 (c) | |
| 1,000 | | |
| 1,028,228 | |
PEFA, Inc., Iowa Gas Project (RB) 5.00%, 09/01/49 (c) (p) | |
| 1,500 | | |
| 1,508,710 | |
| | |
| | | |
| 2,536,938 | |
| Kansas: 1.0% | |
| | | |
| | |
County of Butler, Unified School District No. 385 (GO) 4.00%, 09/01/30 (c) | |
| 500 | | |
| 507,409 | |
Kansas Development Finance Authority, Adventhealth Hospital, Series B (RB) 5.00%, 11/15/54 (p) | |
| 2,450 | | |
| 2,689,430 | |
| | |
| | | |
| 3,196,839 | |
| Kentucky: 1.0% | |
| | | |
| | |
Commonwealth of Kentucky, State Property and Building Commission, Series A (RB) 5.00%, 10/01/30 | |
| 250 | | |
| 274,009 | |
Kentucky Public Energy Authority, Gas Supply, Series A (RB) 5.25%, 06/01/55 (c) (p) | |
| 500 | | |
| 529,136 | |
Kentucky Public Energy Authority, Gas Supply, Series A-1 (RB) 4.00%, 08/01/52 (c) (p) | |
| 1,200 | | |
| 1,212,605 | |
Louisville & Jefferson County, Metro Government, Norton Healthcare, Inc., Series C (RB) 5.00%, 10/01/47 (c) (p) | |
| 1,000 | | |
| 1,007,668 | |
| | |
| | | |
| 3,023,418 | |
| Louisiana: 0.6% | |
| | | |
| | |
St. John Baptist Parish, Louisiana Marathon Oil Co., Series B-2 (RB) 2.38%, 06/01/37 (p) | |
| 750 | | |
| 749,274 | |
State of Louisiana, Series A (GO) 5.00%, 02/01/29 | |
| 1,000 | | |
| 1,065,523 | |
| | |
| | | |
| 1,814,797 | |
| Maryland: 2.7% | |
| | | |
| | |
Baltimore County, Maryland (GO) 5.00%, 03/01/30 | |
| 945 | | |
| 1,030,008 | |
Community Development Administration, Maryland Multifamily Development, Series D-2 (RB) 3.30%, 01/01/29 | |
| 500 | | |
| 505,912 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Maryland (continued) | |
| | | |
| | |
County of Montgomery, Consolidated Public Improvement, Series A (GO) 4.00%, 08/01/29 | |
$ | 750 | | |
$ | 784,521 | |
Maryland Department of Transportation (RB) 3.00%, 09/01/31 (c) | |
| 500 | | |
| 496,251 | |
State of Maryland, Department of Transportation (RB) 5.00%, 10/01/26 | |
| 595 | | |
| 600,953 | |
State of Maryland, Department of Transportation, Series B (RB) 4.00%, 05/01/30 (c) | |
| 750 | | |
| 768,709 | |
| State of Maryland, State and Local Facilities Loan, Series A (GO) | |
| | | |
| | |
| 5.00%, 03/15/28 (c) | |
| 500 | | |
| 510,936 | |
| 5.00%, 03/15/28 | |
| 500 | | |
| 523,208 | |
| 5.00%, 03/15/29 | |
| 1,000 | | |
| 1,069,406 | |
| 5.00%, 03/15/31 (c) | |
| 1,500 | | |
| 1,629,947 | |
State of Maryland, State and Local Facilities Loan, Series B (GO) 5.00%, 08/01/26 | |
| 385 | | |
| 387,251 | |
| | |
| | | |
| 8,307,102 | |
| Massachusetts: 4.0% | |
| | | |
| | |
Commonwealth of Massachusetts (RB) (NATL) 5.50%, 01/01/27 | |
| 680 | | |
| 691,615 | |
| Commonwealth of Massachusetts, Series A (GO) | |
| | | |
| | |
| 5.00%, 05/01/27 | |
| 500 | | |
| 512,271 | |
| 5.00%, 07/01/27 | |
| 500 | | |
| 514,328 | |
Commonwealth of Massachusetts, Series B (GO) 5.00%, 07/01/31 (c) | |
| 600 | | |
| 602,209 | |
| Commonwealth of Massachusetts, Series C (GO) | |
| | | |
| | |
| 5.00%, 10/01/26 | |
| 400 | | |
| 403,935 | |
| 5.00%, 05/01/30 | |
| 1,000 | | |
| 1,092,203 | |
Commonwealth of Massachusetts, Series C (GO) (AG) 5.00%, 05/01/31 | |
| 2,665 | | |
| 2,956,457 | |
Massachusetts Water Resources Authority, Series B (RB) (AG) 5.25%, 08/01/30 | |
| 2,000 | | |
| 2,226,556 | |
| Massachusetts Water Resources Authority, Series C (RB) | |
| | | |
| | |
| 5.00%, 08/01/31 (c) | |
| 2,115 | | |
| 2,180,982 | |
| 5.00%, 08/01/40 (c) | |
| 1,000 | | |
| 1,006,150 | |
| | |
| | | |
| 12,186,706 | |
| | |
Par
(000’s | ) | |
Value | |
| Michigan: 0.6% | |
| | | |
| | |
Michigan State Housing Development Authority, Series A (RB) 3.70%, 04/01/30 (c) | |
$ | 500 | | |
$ | 500,022 | |
State of Michigan, Environmental Program (GO) 3.00%, 05/01/30 (c) | |
| 410 | | |
| 409,534 | |
State of Michigan, Housing Development Authority, Single-Family Mortgage, Series B (RB) 3.10%, 12/01/31 (c) | |
| 370 | | |
| 367,103 | |
State of Michigan, Trunk Line, Series B (RB) 5.00%, 11/15/27 | |
| 500 | | |
| 519,159 | |
| | |
| | | |
| 1,795,818 | |
| Minnesota: 1.5% | |
| | | |
| | |
Metropolitan Council, Minneapolis & St. Paul Metropolitan Area, Series C (GO) 5.00%, 12/01/26 | |
| 1,000 | | |
| 1,014,081 | |
Minneapolis & St. Paul, Minnesota Metropolitan Airports Commission, Series A (RB) 5.00%, 01/01/29 | |
| 1,000 | | |
| 1,061,265 | |
Minneapolis & St. Paul, Minnesota Metropolitan Airports Commission, Series B (RB) 5.00%, 01/01/30 (c) | |
| 515 | | |
| 523,186 | |
Minnesota Public Facilities Authority, Series A (RB) 5.00%, 03/01/31 | |
| 1,000 | | |
| 1,108,385 | |
State of Minnesota, Various Purpose, Series D (GO) 3.00%, 10/01/30 (c) | |
| 1,000 | | |
| 1,001,830 | |
| | |
| | | |
| 4,708,747 | |
| Mississippi: 0.1% | |
| | | |
| | |
State of Mississippi, Series A (GO) 5.00%, 10/01/29 (c) | |
| 430 | | |
| 444,601 | |
| Missouri: 0.5% | |
| | | |
| | |
Curators of the University of Missouri, Series B (RB) 5.00%, 11/01/30 | |
| 1,400 | | |
| 1,541,500 | |
| Montana: 0.2% | |
| | | |
| | |
City of Forsyth, Montana Pollution Control, Northwestern Corp. Colstrip Project (RB) 3.88%, 07/01/28 (c) | |
| 500 | | |
| 507,715 | |
| Nebraska: 0.4% | |
| | | |
| | |
Central Plans Energy Project, Gas Project Crossover No. 3, Series B (RB) 5.00%, 09/01/31 | |
| 1,215 | | |
| 1,278,536 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Nevada: 0.2% | |
| | | |
| | |
Clark County, Nevada Airport System, Series A (RB) 5.00%, 07/01/29 | |
$ | 500 | | |
$ | 536,214 | |
| New Jersey: 3.9% | |
| | | |
| | |
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB) (BAM) 3.12%, 07/01/31 (c) | |
| 755 | | |
| 748,652 | |
New Jersey Economic Development Authority, School Facilities Construction, Series DDD (RB) 5.00%, 06/15/34 (c) | |
| 615 | | |
| 631,998 | |
New Jersey Educational Facilities Authority, Princeton University, Series A (RB) 5.00%, 07/01/64 (c) (p) | |
| 1,500 | | |
| 1,649,788 | |
New Jersey Educational Facilities Authority, Princeton University, Series B (RB) 5.00%, 07/01/28 (c) | |
| 1,000 | | |
| 1,028,826 | |
New Jersey Health Care Facilities Financing Authority, Greystone Park Psychiatric Hospital Project (RB) 5.00%, 09/15/26 | |
| 500 | | |
| 503,856 | |
New Jersey Health Care Facilities Financing Authority, Hackensack Meridian Health, Series A (RB) 5.00%, 07/01/29 (c) | |
| 660 | | |
| 677,797 | |
New Jersey Health Care Facilities Financing Authority, Valley Health System (RB) 5.00%, 07/01/31 (c) | |
| 1,000 | | |
| 1,062,066 | |
| New Jersey Transportation Trust Fund Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/15/26 | |
| 500 | | |
| 506,556 | |
| 5.00%, 06/15/30 (c) | |
| 435 | | |
| 436,147 | |
New Jersey Transportation Trust Fund Authority, Series A-1 (RB) 4.10%, 06/15/31 (c) | |
| 780 | | |
| 780,876 | |
| State of New Jersey, Various Purposes (GO) | |
| | | |
| | |
| 2.00%, 06/01/26 | |
| 500 | | |
| 499,432 | |
| 2.00%, 06/01/30 (c) | |
| 3,000 | | |
| 2,834,829 | |
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/31 (c) | |
| 500 | | |
| 518,805 | |
| | |
| | | |
| 11,879,628 | |
| New Mexico: 0.5% | |
| | | |
| | |
State of New Mexico, Series A (RB) 5.00%, 07/01/27 | |
| 840 | | |
| 864,071 | |
| | |
Par
(000’s | ) | |
Value | |
| New Mexico (continued) | |
| | | |
| | |
State of New Mexico, Series B (RB) 5.00%, 07/01/26 | |
$ | 535 | | |
$ | 537,087 | |
| | |
| | | |
| 1,401,158 | |
| New York: 14.5% | |
| | | |
| | |
| City of New York, Series A-1 (GO) | |
| | | |
| | |
| 5.00%, 09/01/27 | |
| 1,000 | | |
| 1,031,489 | |
| 5.00%, 08/01/29 | |
| 1,000 | | |
| 1,071,864 | |
| City of New York, Series B-1 (GO) | |
| | | |
| | |
| 5.00%, 11/01/30 | |
| 500 | | |
| 547,199 | |
| 5.00%, 10/01/31 (c) | |
| 500 | | |
| 535,374 | |
City of New York, Series C (GO) 5.00%, 09/01/27 | |
| 1,000 | | |
| 1,031,489 | |
City of New York, Series C (GO) (SD CRED PROG) 5.00%, 08/01/27 | |
| 500 | | |
| 514,741 | |
City of New York, Series E (GO) 5.00%, 08/01/30 (c) | |
| 540 | | |
| 542,793 | |
City of New York, Series F-1 (GO) 5.00%, 03/01/27 | |
| 410 | | |
| 417,987 | |
Long Island Power Authority (RB) 3.00%, 09/01/55 (c) (p) | |
| 1,000 | | |
| 1,000,932 | |
Long Island Power Authority Electric System (RB) (BAM) 5.00%, 09/01/26 | |
| 510 | | |
| 514,193 | |
Long Island Power Authority, Electric System (RB) 5.00%, 09/01/31 (c) | |
| 305 | | |
| 314,007 | |
Metropolitan Transportation Authority, Series B (RB) 5.00%, 11/15/26 | |
| 500 | | |
| 506,281 | |
Metropolitan Transportation Authority, Series C-1 (RB) 5.00%, 11/15/31 (c) | |
| 1,445 | | |
| 1,503,830 | |
Metropolitan Transportation Authority, Series E (RB) 5.00%, 11/15/30 | |
| 1,000 | | |
| 1,096,363 | |
New York City Housing Development Corp. (RB) 3.12%, 11/01/65 (c) (p) | |
| 1,000 | | |
| 997,441 | |
New York City Housing Development Corp., Multi-Family Housing, Series A-2 (RB) 3.25%, 11/01/64 (c) (p) | |
| 1,000 | | |
| 1,004,756 | |
New York City Housing Development Corp., Multi-Family Housing, Series B-2 (RB) 3.95%, 11/01/64 (c) (p) | |
| 2,500 | | |
| 2,540,947 | |
New York City Industrial Development Agency Pilot,Yankee Stadium Project, Series A (RB) (AG) 5.00%, 03/01/29 | |
| 500 | | |
| 530,172 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New York City Transitional Finance Authority Building Aid, Series S-1 (RB) (SAW) 5.00%, 07/15/31 | |
$ | 3,000 | | |
$ | 3,347,615 | |
New York City Transitional Finance Authority, Building Aid, Series S-2 (RB) (SAW) 5.00%, 07/15/31 (c) | |
| 1,010 | | |
| 1,061,003 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB) 4.00%, 05/01/31 (c) | |
| 630 | | |
| 630,419 | |
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB) 5.00%, 08/01/31 (c) | |
| 690 | | |
| 693,622 | |
| New York City Transitional Finance Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/01/26 | |
| 500 | | |
| 505,647 | |
| 5.00%, 11/01/27 | |
| 440 | | |
| 455,770 | |
New York City Transitional Finance Authority, Series E-1 (RB) 5.00%, 02/01/30 (c) | |
| 1,190 | | |
| 1,211,132 | |
New York City Transitional Finance Authority, Series F (RB) 5.00%, 02/01/27 | |
| 850 | | |
| 865,165 | |
New York City Transitional Finance Authority, Series G-1 (RB) 4.00%, 11/01/30 | |
| 1,500 | | |
| 1,581,122 | |
New York State Dormitory Authority, Montefiore Medical Center, Series A (RB) 5.00%, 08/01/30 (c) | |
| 1,000 | | |
| 1,032,621 | |
New York State Dormitory Authority, Personal Income Tax, Series A (RB) 5.00%, 03/15/29 | |
| 1,000 | | |
| 1,071,734 | |
New York State Dormitory Authority, Personal Income Tax, Series B (RB) 5.00%, 02/15/27 | |
| 510 | | |
| 520,011 | |
New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (SAW) 5.00%, 10/01/30 (c) | |
| 1,325 | | |
| 1,338,160 | |
New York State Dormitory Authority, Series A (RB) 5.00%, 02/15/27 | |
| 500 | | |
| 509,814 | |
New York State Dormitory Authority, Series B (RB) 5.00%, 03/15/30 | |
| 500 | | |
| 546,345 | |
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
New York State Dormitory Authority, Series C (RB) 5.00%, 03/15/28 | |
$ | 640 | | |
$ | 669,226 | |
New York State Environmental Facilities Corp., State Clean Water and Drinking Water Revolving Funds, Series B (RB) 5.00%, 06/15/28 | |
| 605 | | |
| 638,082 | |
New York State Housing Finance Agency, Series A-2 (RB) 2.50%, 11/01/60 (c) (p) | |
| 265 | | |
| 263,080 | |
New York State Housing Finance Agency, Series C (RB) 3.80%, 11/01/62 (c) (p) | |
| 500 | | |
| 500,164 | |
New York State Housing Finance Agency, Series C-2 (RB) 3.60%, 11/01/63 (c) (p) | |
| 500 | | |
| 501,445 | |
New York State Thruway Authority, Series P (RB) 5.00%, 01/01/27 | |
| 1,000 | | |
| 1,016,206 | |
New York State Urban Development Corp., State Personal Income, Series A (RB) 5.00%, 03/15/27 | |
| 690 | | |
| 705,030 | |
New York State Urban Development Corp., State Personal Income, Series C (RB) 5.00%, 03/15/27 | |
| 500 | | |
| 510,891 | |
New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Series C (RB) 5.00%, 12/01/30 | |
| 1,150 | | |
| 1,251,325 | |
State of New York, Mortgage Agency, Series 195 (RB) 3.00%, 10/01/31 (c) | |
| 615 | | |
| 603,583 | |
Town of Oyster Bay, Public Improvement, Series B (GO) (AG) 3.25%, 02/01/29 (c) | |
| 665 | | |
| 665,778 | |
| Triborough Bridge & Tunnel Authority, Series A (RB) | |
| | | |
| | |
| 5.00%, 11/15/26 | |
| 1,000 | | |
| 1,012,994 | |
| 5.00%, 11/15/27 | |
| 500 | | |
| 518,543 | |
| 5.00%, 11/15/28 | |
| 1,000 | | |
| 1,062,325 | |
Triborough Bridge & Tunnel Authority, Series A-2 (RB) 2.00%, 05/15/45 (p) | |
| 875 | | |
| 874,741 | |
Triborough Bridge & Tunnel Authority, Series B (RB) 5.00%, 11/15/28 (c) | |
| 1,000 | | |
| 1,057,688 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| New York (continued) | |
| | | |
| | |
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series A (RB) 5.00%, 11/15/31 | |
$ | 1,000 | | |
$ | 1,119,341 | |
| | |
| | | |
| 44,042,480 | |
| North Carolina: 2.4% | |
| | | |
| | |
County of Mecklenburg, Series A (GO) 4.00%, 04/01/29 (c) | |
| 500 | | |
| 506,239 | |
County of Mecklenburg, Series B (GO) 2.00%, 12/01/30 (c) | |
| 250 | | |
| 236,024 | |
County of Wake (RB) 5.00%, 09/01/26 | |
| 375 | | |
| 377,894 | |
North Carolina Municipal Power Agency No. 1, Series A (RB) 5.00%, 01/01/32 (c) | |
| 1,000 | | |
| 1,069,761 | |
State of North Carolina, Grant Anticipation Vehicle (RB) 5.00%, 03/01/30 (c) | |
| 1,500 | | |
| 1,597,570 | |
State of North Carolina, Series A (GO) 5.00%, 06/01/31 (c) | |
| 1,100 | | |
| 1,202,253 | |
State of North Carolina, Series A (RB) 5.00%, 05/01/31 (c) | |
| 1,000 | | |
| 1,066,444 | |
| State of North Carolina, Series B (RB) | |
| | | |
| | |
| 3.00%, 05/01/31 (c) | |
| 800 | | |
| 794,117 | |
| 5.00%, 05/01/29 (c) | |
| 585 | | |
| 599,218 | |
| | |
| | | |
| 7,449,520 | |
| Ohio: 2.9% | |
| | | |
| | |
American Municipal Power, Inc., Combined Hydroelectric Projects, Series A (RB) 5.00%, 02/15/28 | |
| 500 | | |
| 519,026 | |
City of Columbus, Various Purpose (GO) 5.00%, 04/01/29 (c) | |
| 750 | | |
| 775,604 | |
City of Columbus, Various Purpose, Series B (GO) 5.00%, 04/01/31 (c) | |
| 1,245 | | |
| 1,327,556 | |
| County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB) | |
| | | |
| | |
| 5.00%, 12/01/29 | |
| 1,250 | | |
| 1,342,197 | |
| 5.00%, 08/01/30 (c) | |
| 1,030 | | |
| 1,066,421 | |
Ohio Quality Development Authority, American Electric Power Company Project, Series D (RB) 3.20%, 05/01/26 | |
| 500 | | |
| 500,000 | |
| Ohio Turnpike and Infrastructure Commission, Series A (RB) | |
| | | |
| | |
| 5.00%, 02/15/31 (c) | |
| 500 | | |
| 519,222 | |
| 5.00%, 02/15/32 (c) | |
| 500 | | |
| 518,601 | |
| | |
Par
(000’s | ) | |
Value | |
| Ohio (continued) | |
| | | |
| | |
Ohio Water Development Authority, Series B (RB) 5.00%, 12/01/27 (c) | |
$ | 1,000 | | |
$ | 1,013,407 | |
State of Ohio, Major New Infrastructure Project (RB) 5.00%, 12/15/31 | |
| 1,225 | | |
| 1,366,725 | |
| | |
| | | |
| 8,948,759 | |
| Oklahoma: 0.3% | |
| | | |
| | |
Canadian County, Oklahoma Educational Facilities Authority, Mustang Public Schools Project (RB) 3.00%, 09/01/29 (c) | |
| 330 | | |
| 328,376 | |
Grand River Dam Authority, Series A (RB) 5.00%, 06/01/31 (c) | |
| 515 | | |
| 521,348 | |
| | |
| | | |
| 849,724 | |
| Oregon: 0.9% | |
| | | |
| | |
City of Portland, Oregon Sewer System, Series A (RB) 5.00%, 12/01/26 | |
| 500 | | |
| 506,661 | |
Hillsboro School District No. 1J (GO) (SBG) 5.00%, 06/15/31 (c) | |
| 1,000 | | |
| 1,024,627 | |
Jackson County, Oregon School District No. 549C Medford (GO) (SBG) 5.00%, 12/15/28 (c) | |
| 1,250 | | |
| 1,251,717 | |
| | |
| | | |
| 2,783,005 | |
| Pennsylvania: 2.6% | |
| | | |
| | |
Allegheny County Hospital Development Authority, Series A (RB) 5.00%, 07/15/30 (c) | |
| 360 | | |
| 381,959 | |
| Commonwealth of Pennsylvania (GO) | |
| | | |
| | |
| 3.00%, 01/01/31 (c) | |
| 510 | | |
| 509,980 | |
| 5.00%, 07/15/27 | |
| 1,000 | | |
| 1,029,021 | |
| 5.00%, 09/01/27 | |
| 1,000 | | |
| 1,030,956 | |
Commonwealth of Pennsylvania (GO) (SBG) 5.00%, 07/15/26 | |
| 1,000 | | |
| 1,004,725 | |
County of Lehigh, Valley Health Network, Series A (RB) (SBG) 5.00%, 07/01/26 | |
| 600 | | |
| 601,884 | |
Montgomery County Industrial Development Authority, Series A (RB) 4.10%, 04/01/53 (p) | |
| 500 | | |
| 511,678 | |
Montgomery County Industrial Development Authority, Series B (RB) 4.10%, 06/01/29 | |
| 705 | | |
| 726,978 | |
Pennsylvania Higher Educational Facilities Authority, Trustee of University, Series A (RB) 4.00%, 08/15/31 (c) | |
| 1,000 | | |
| 1,001,698 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Pennsylvania (continued) | |
| | | |
| | |
| Pennsylvania Housing Finance Agency, Single Family Mortgage (RB) | |
| | | |
| | |
| 2.80%, 10/01/31 (c) | |
$ | 700 | | |
$ | 678,526 | |
| 3.20%, 10/01/31 (c) | |
| 425 | | |
| 422,359 | |
| | |
| | | |
| 7,899,764 | |
| Rhode Island: 0.3% | |
| | | |
| | |
Rhode Island Health and Educational Building Corp., Providence Public Buildings Authority Issue, Series A (RB) (AG) 5.00%, 05/15/26 (c) | |
| 500 | | |
| 500,861 | |
Tobacco Settlement Financing Corp., Rhode Island, Series A (RB) 5.00%, 06/01/26 (c) | |
| 500 | | |
| 500,877 | |
| | |
| | | |
| 1,001,738 | |
| South Carolina: 0.4% | |
| | | |
| | |
Piedmont Municipal Power Agency, Series B (RB) 5.00%, 01/01/32 (c) | |
| 1,000 | | |
| 1,078,472 | |
| South Dakota: 0.1% | |
| | | |
| | |
South Dakota Health and Educational Facilities Authority (RB) 5.00%, 09/01/30 (c) | |
| 255 | | |
| 260,698 | |
| Tennessee: 2.3% | |
| | | |
| | |
| Metropolitan Government of Nashville and Davidson County (GO) | |
| | | |
| | |
| 4.00%, 01/01/31 (c) | |
| 545 | | |
| 546,156 | |
| 4.00%, 01/01/32 (c) | |
| 580 | | |
| 581,231 | |
| 5.00%, 07/01/26 | |
| 525 | | |
| 527,057 | |
Metropolitan Government of Nashville and Davidson County, Vanderbilt University Medical Center, Series A (RB) 5.00%, 07/01/31 (c) | |
| 1,000 | | |
| 1,083,043 | |
Rutherford County Health & Educational Facilities Board (RB) 5.00%, 11/15/48 (c) (p) | |
| 500 | | |
| 540,650 | |
Shelby County Health Educational & Housing Facilities Board, Baptist Memorial Health, Series B (RB) 5.00%, 09/01/49 (c) (p) | |
| 500 | | |
| 524,750 | |
Tennessee Energy Acquisition Corp., Commodity Project, Series A (RB) 5.00%, 05/01/52 (c) (p) | |
| 2,000 | | |
| 2,121,244 | |
Tennessee Energy Acquisition Corp., Gas Project, Series A-1 (RB) 5.00%, 05/01/53 (c) (p) | |
| 500 | | |
| 514,734 | |
| | |
Par
(000’s | ) | |
Value | |
| Tennessee (continued) | |
| | | |
| | |
Tennessee Energy Acquisition Corp., Gas Project, Series B (RB) 5.62%, 09/01/26 | |
$ | 500 | | |
$ | 503,660 | |
| | |
| | | |
| 6,942,525 | |
| Texas: 8.0% | |
| | | |
| | |
Austin Independent School District (GO) 5.00%, 08/01/28 | |
| 505 | | |
| 531,466 | |
Bexar County, Limited Tax (GO) 5.00%, 06/15/27 (c) | |
| 500 | | |
| 501,313 | |
Board of Regents of the University of Texas System, Series A (RB) (AG) 5.00%, 08/15/31 (c) | |
| 900 | | |
| 964,422 | |
Board of Regents of the University of Texas System, Series B (RB) 5.00%, 08/15/29 | |
| 1,000 | | |
| 1,075,897 | |
City of Dallas, Texas Waterworks and Sewer System, Series A (RB) 5.00%, 10/01/30 (c) | |
| 565 | | |
| 570,140 | |
City of Dallas, Waterworks and Sewer System, Series A (RB) 5.00%, 10/01/31 (c) | |
| 600 | | |
| 605,408 | |
City of San Antonio TX Electric & Gas Systems Revenue (RB) 3.15%, 02/01/55 (p) | |
| 500 | | |
| 496,431 | |
City of San Antonio, Electric and Gas Systems (RB) 5.00%, 02/01/27 (c) | |
| 630 | | |
| 633,502 | |
Conroe, Texas Independent School District, Series A (GO) 5.00%, 02/15/27 | |
| 2,000 | | |
| 2,038,555 | |
County of Collin, Community College District (GO) 4.00%, 08/15/31 (c) | |
| 925 | | |
| 937,151 | |
Denton Independent School District (GO) 5.00%, 08/15/29 | |
| 1,000 | | |
| 1,077,537 | |
Ford Bend, Texas Independent School District, Series B (GO) 5.00%, 02/15/28 | |
| 910 | | |
| 949,822 | |
Fort Bend, Texas Independent School District (GO) 5.00%, 08/15/30 (c) | |
| 2,000 | | |
| 2,056,355 | |
Frisco Independent School District (GO) 4.00%, 02/15/32 (c) | |
| 1,350 | | |
| 1,409,371 | |
Harris County, Texas Cultural Education Facilities Finance Corp., TECO Project (RB) 5.00%, 11/15/30 (c) | |
| 850 | | |
| 877,136 | |
Harris County, Texas Toll Road Senior Lien, Series A (RB) 5.00%, 08/15/27 | |
| 1,000 | | |
| 1,029,774 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
| | |
Par
(000’s | ) | |
Value | |
| Texas (continued) | |
| | | |
| | |
Houston Texas Utility System, Series A (RB) 5.00%, 11/15/27 | |
$ | 1,000 | | |
$ | 1,036,471 | |
Lone Star College System (GO) 5.00%, 02/15/33 (c) | |
| 400 | | |
| 402,471 | |
Lower Colorado River Authority, LCRA Transmission Services Corp. Project, Series A (RB) (AG) 5.00%, 05/15/27 | |
| 500 | | |
| 512,593 | |
North Texas Tollway Authority, First Tier, Series A (RB) 5.00%, 01/01/27 | |
| 500 | | |
| 507,603 | |
State of Texas, Transportation Commission, Highway Improvement, Series A (GO) 5.00%, 04/01/30 (c) | |
| 500 | | |
| 500,791 | |
Texas Municipal Gas Acquisition & Supply Corp. III (RB) 5.00%, 12/15/26 | |
| 600 | | |
| 607,198 | |
Texas Municipal Gas Acquisition & Supply Corp. IV, Series A (RB) 5.50%, 01/01/54 (c) (p) | |
| 1,000 | | |
| 1,057,929 | |
Texas Transportation Commission Highway Improvement (GO) 5.00%, 04/01/30 | |
| 1,000 | | |
| 1,085,875 | |
Texas Water Development Board (RB) 4.00%, 10/15/31 (c) | |
| 2,000 | | |
| 2,093,710 | |
Texas Water Development Board, Series A (RB) 5.00%, 04/15/30 (c) | |
| 250 | | |
| 258,520 | |
Trinity River Authority, Regional Wastewater System (RB) 5.00%, 08/01/30 (c) | |
| 670 | | |
| 689,162 | |
| | |
| | | |
| 24,506,603 | |
| Utah: 0.5% | |
| | | |
| | |
University of Utah, Series A (RB) 5.00%, 08/01/31 (c) | |
| 365 | | |
| 374,781 | |
| Utah Transit Authority (RB) | |
| | | |
| | |
| 5.00%, 06/15/30 | |
| 500 | | |
| 546,629 | |
| 5.00%, 12/15/30 | |
| 500 | | |
| 551,844 | |
| | |
| | | |
| 1,473,254 | |
| Virginia: 0.9% | |
| | | |
| | |
County of Fairfax, Public Improvement, Series A (GO) (SAW) 5.00%, 10/01/31 (c) | |
| 750 | | |
| 782,580 | |
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series C (RB) 5.00%, 02/01/27 | |
| 600 | | |
| 610,975 | |
| | |
Par
(000’s | ) | |
Value | |
| Virginia (continued) | |
| | | |
| | |
Virginia Commonwealth Transportation Board (RB) 5.00%, 03/15/27 (c) | |
$ | 510 | | |
$ | 514,266 | |
Virginia Public Building Authority, Public Facilities, Series A (RB) 5.00%, 08/01/29 (c) | |
| 720 | | |
| 741,446 | |
| | |
| | | |
| 2,649,267 | |
| Washington: 2.7% | |
| | | |
| | |
Central Puget Sound Regional Transit Authority, Motor Vehicle Excise Tax Improvement, Series S-1 (RB) 5.00%, 11/01/26 | |
| 520 | | |
| 526,263 | |
Energy Northwest, Project 3 Electric, Series A (RB) 5.00%, 07/01/28 (c) | |
| 725 | | |
| 744,900 | |
King County, School District No. 414 Lake Washington (GO) (SBG) 5.00%, 12/01/31 (c) | |
| 980 | | |
| 1,005,394 | |
King County, Washington (GO) 4.00%, 07/01/30 (c) | |
| 2,110 | | |
| 2,139,846 | |
State of Washington, Motor Vehicle Fuel Tax, Series A (GO) 5.00%, 06/01/26 | |
| 1,000 | | |
| 1,001,851 | |
State of Washington, Motor Vehicle Fuel Tax, Series R-A (GO) 5.00%, 08/01/31 (c) | |
| 825 | | |
| 829,789 | |
State of Washington, Motor Vehicle Fuel Tax, Series R-A (GO) (SBG) 5.00%, 06/01/31 (c) | |
| 1,000 | | |
| 1,087,992 | |
State of Washington, Series D (GO) 5.00%, 08/01/31 (c) | |
| 880 | | |
| 905,020 | |
| | |
| | | |
| 8,241,055 | |
| West Virginia: 0.3% | |
| | | |
| | |
State of West Virginia, Surface Transportation Improvements, Series A (RB) 5.00%, 09/01/26 | |
| 1,000 | | |
| 1,007,482 | |
| Wisconsin: 0.4% | |
| | | |
| | |
Public Finance Authority, Wisconsin Providence St. Joseph Health (RB) 4.00%, 10/01/41 (p) | |
| 810 | | |
| 828,444 | |
Wisconsin Health and Educational Facilities Authority, Children’s Hospital of Wisconsin, Inc. (RB) 4.00%, 08/15/31 (c) | |
| 500 | | |
| 503,959 | |
| | |
| | | |
| 1,332,403 | |
Total Municipal Bonds:
(Cost: $294,219,629) | |
| | | |
| 294,921,144 | |
| Other assets less liabilities: 3.2% | |
| | | |
| 9,733,822 | |
| NET ASSETS: 100.0% | |
| | | |
$ | 304,654,966 | |
See Notes to Financial Statements
VANECK SHORT MUNI ETF
SCHEDULE OF INVESTMENTS
(continued)
Definitions:
| AG |
Assured Guaranty, Inc. |
| BAM |
Build America Assurance Co. |
| CP |
Certificate of Participation |
| GO |
General Obligation |
| NATL |
National Public Finance Guarantee Corp. |
| RB |
Revenue Bond SAW State Aid Withholding |
| SBG |
School Board Guaranteed |
| SD CRED PROG |
Special District Credit Enhancement Program |
| ST |
Special Tax |
| TA |
Tax Allocation |
Footnotes:
| (c) |
Callable Security — the date disclosed is the date the security
may be redeemed by the issuer |
| (p) |
Putable Security — the date disclosed is the date the security may be
redeemed by the fund |
| ^ |
Zero Coupon Bond |
The summary of inputs used to value the Fund’s investments as of April 30,
2026 is as follows:
| | |
Level 1
Quoted
Prices | | |
Level 2
Significant
Observable
Inputs | | |
Level 3
Significant
Unobservable
Inputs | | |
Value | |
| Municipal Bonds * | |
$ | — | | |
$ | 294,921,144 | | |
$ | — | | |
$ | 294,921,144 | |
| * |
See Schedule of Investments for geographic regions. |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF ASSETS AND LIABILITIES
April 30, 2026
| | |
CEF Muni Income
ETF | | |
Emerging
Markets High
Yield Bond ETF | | |
Fallen Angel High
Yield Bond ETF | | |
Green Bond ETF | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Investments, at value (1) | |
| | | |
| | | |
| | | |
| | |
| Unaffiliated issuers (2) | |
$ | 206,204,176 | | |
$ | 491,358,231 | | |
$ | 3,006,745,458 | | |
$ | 173,269,500 | |
| Short-term investments held as collateral for securities loaned (3) | |
| — | | |
| 23,131,597 | | |
| 266,026,937 | | |
| 2,988,491 | |
| Cash | |
| — | | |
| 3,799,744 | | |
| 11,798,590 | | |
| 1,714,853 | |
| Foreign currency, at value (4) | |
| — | | |
| 6,140 | | |
| — | | |
| — | |
| Receivables: | |
| | | |
| | | |
| | | |
| | |
| Investment securities sold | |
| — | | |
| 13,185,017 | | |
| 51,256,640 | | |
| 1,330,486 | |
| Dividends and interest | |
| 758,108 | | |
| 8,851,175 | | |
| 45,384,600 | | |
| 1,728,893 | |
| Total assets | |
| 206,962,284 | | |
| 540,331,904 | | |
| 3,381,212,225 | | |
| 181,032,223 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Payables: | |
| | | |
| | | |
| | | |
| | |
| Investment securities purchased | |
| — | | |
| 12,547,018 | | |
| 48,700,928 | | |
| 1,113,859 | |
| Collateral for securities loaned | |
| — | | |
| 23,131,597 | | |
| 266,026,937 | | |
| 2,988,491 | |
| Line of credit | |
| 1,042,126 | | |
| — | | |
| — | | |
| — | |
| Due to Adviser | |
| 67,288 | | |
| 166,511 | | |
| 625,014 | | |
| 29,084 | |
| Deferred Trustee fees | |
| 4,195 | | |
| 40,196 | | |
| 67,963 | | |
| 1,073 | |
| Accrued interest | |
| 1,718 | | |
| — | | |
| 575 | | |
| — | |
| Total liabilities | |
| 1,115,327 | | |
| 35,885,322 | | |
| 315,421,417 | | |
| 4,132,507 | |
| NET ASSETS | |
$ | 205,846,957 | | |
$ | 504,446,582 | | |
$ | 3,065,790,808 | | |
$ | 176,899,716 | |
| Shares outstanding | |
| 9,475,000 | | |
| 25,100,000 | | |
| 104,900,000 | | |
| 7,350,000 | |
| Net asset value, per share | |
$ | 21.73 | | |
$ | 20.10 | | |
$ | 29.23 | | |
$ | 24.07 | |
| Net Assets consist of: | |
| | | |
| | | |
| | | |
| | |
| Aggregate paid-in capital | |
$ | 260,264,177 | | |
$ | 718,052,153 | | |
$ | 3,627,606,909 | | |
$ | 187,146,570 | |
| Total distributable loss | |
| (54,417,220 | ) | |
| (213,605,571 | ) | |
| (561,816,101 | ) | |
| (10,246,854 | ) |
| NET ASSETS | |
$ | 205,846,957 | | |
$ | 504,446,582 | | |
$ | 3,065,790,808 | | |
$ | 176,899,716 | |
| (1) Includes Investment in securities on loan, at market value | |
$ | — | | |
$ | 23,958,059 | | |
$ | 289,758,434 | | |
$ | 13,973,535 | |
| (2) Cost of investments - Unaffiliated issuers | |
$ | 217,268,527 | | |
$ | 489,107,625 | | |
$ | 3,009,217,133 | | |
$ | 177,624,854 | |
| (3) Cost of short-term investments held as collateral for securities loaned | |
$ | — | | |
$ | 23,131,597 | | |
$ | 266,026,937 | | |
$ | 2,988,491 | |
| (4) Cost of cash denominated in foreign currency | |
$ | — | | |
$ | 5,757 | | |
$ | — | | |
$ | — | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF ASSETS AND LIABILITIES
April 30, 2026
| | |
High Yield Muni
ETF | | |
IG Floating Rate
ETF | | |
Intermediate
Muni ETF | | |
Long Muni ETF | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Investments, at value (1) | |
| | | |
| | | |
| | | |
| | |
| Unaffiliated issuers (2) | |
$ | 3,969,932,146 | | |
$ | 2,645,085,853 | | |
$ | 2,127,091,988 | | |
$ | 688,412,744 | |
| Short-term investments held as collateral for securities loaned (3) | |
| — | | |
| 3,394,109 | | |
| — | | |
| — | |
| Cash | |
| 168,540,746 | | |
| 16,073,704 | | |
| 19,609,113 | | |
| 8,488,440 | |
| Receivables: | |
| | | |
| | | |
| | | |
| | |
| Investment securities sold | |
| — | | |
| 169,080,142 | | |
| — | | |
| — | |
| Capital shares sold | |
| 30,558,918 | | |
| — | | |
| — | | |
| — | |
| Dividends and interest | |
| 61,373,943 | | |
| 13,854,720 | | |
| 27,663,409 | | |
| 9,405,007 | |
| Total assets | |
| 4,230,405,753 | | |
| 2,847,488,528 | | |
| 2,174,364,510 | | |
| 706,306,191 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Payables: | |
| | | |
| | | |
| | | |
| | |
| Investment securities purchased | |
| 42,932,778 | | |
| 176,054,534 | | |
| 4,164,820 | | |
| 5,149,750 | |
| Collateral for securities loaned | |
| — | | |
| 3,394,109 | | |
| — | | |
| — | |
| Due to Adviser | |
| 1,074,869 | | |
| 306,822 | | |
| 320,724 | | |
| 137,033 | |
| Deferred Trustee fees | |
| 3,184 | | |
| 21,618 | | |
| 3,000 | | |
| 1,517 | |
| Total liabilities | |
| 44,010,831 | | |
| 179,777,083 | | |
| 4,488,544 | | |
| 5,288,300 | |
| NET ASSETS | |
$ | 4,186,394,922 | | |
$ | 2,667,711,445 | | |
$ | 2,169,875,966 | | |
$ | 701,017,891 | |
| Shares outstanding | |
| 82,196,401 | | |
| 104,450,000 | | |
| 46,348,916 | | |
| 39,800,000 | |
| Net asset value, per share | |
$ | 50.93 | | |
$ | 25.54 | | |
$ | 46.82 | | |
$ | 17.61 | |
| Net Assets consist of: | |
| | | |
| | | |
| | | |
| | |
| Aggregate paid-in capital | |
$ | 4,582,930,933 | | |
$ | 2,653,121,473 | | |
$ | 2,215,715,886 | | |
$ | 735,637,331 | |
| Total distributable earnings (loss) | |
| (396,536,011 | ) | |
| 14,589,972 | | |
| (45,839,920 | ) | |
| (34,619,440 | ) |
| NET ASSETS | |
$ | 4,186,394,922 | | |
$ | 2,667,711,445 | | |
$ | 2,169,875,966 | | |
$ | 701,017,891 | |
| (1) Includes Investment in securities on loan, at market value | |
$ | — | | |
$ | 30,095,813 | | |
$ | — | | |
$ | — | |
| (2) Cost of investments - Unaffiliated issuers | |
$ | 4,107,184,618 | | |
$ | 2,639,025,438 | | |
$ | 2,141,845,136 | | |
$ | 704,169,785 | |
| (3) Cost of short-term investments held as collateral for securities loaned | |
$ | — | | |
$ | 3,394,109 | | |
$ | — | | |
$ | — | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF ASSETS AND LIABILITIES
April 30, 2026
| | |
Moody’s Analytics
BBB Corporate
Bond ETF | | |
Moody’s Analytics
IG Corporate
Bond ETF | | |
Short High Yield
Muni ETF | | |
Short Muni ETF | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Investments, at value (1) | |
| | | |
| | | |
| | | |
| | |
| Unaffiliated issuers (2) | |
$ | 8,427,368 | | |
$ | 18,888,923 | | |
$ | 399,210,102 | | |
$ | 294,921,144 | |
| Short-term investments held as collateral for securities loaned (3) | |
| 182,051 | | |
| 182,156 | | |
| — | | |
| — | |
| Cash | |
| 64,449 | | |
| 64,526 | | |
| 21,209,522 | | |
| 5,905,967 | |
| Receivables: | |
| | | |
| | | |
| | | |
| | |
| Investment securities sold | |
| 431,469 | | |
| 1,078,624 | | |
| — | | |
| — | |
| Dividends and interest | |
| 98,811 | | |
| 230,735 | | |
| 6,028,113 | | |
| 3,846,987 | |
| Total assets | |
| 9,204,148 | | |
| 20,444,964 | | |
| 426,447,737 | | |
| 304,674,098 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Payables: | |
| | | |
| | | |
| | | |
| | |
| Investment securities purchased | |
| 461,046 | | |
| 1,067,187 | | |
| 3,177,039 | | |
| — | |
| Collateral for securities loaned | |
| 182,051 | | |
| 182,156 | | |
| — | | |
| — | |
| Due to Adviser | |
| 1,764 | | |
| 3,048 | | |
| 110,743 | | |
| 17,532 | |
| Deferred Trustee fees | |
| — | | |
| — | | |
| — | | |
| 1,600 | |
| Total liabilities | |
| 644,861 | | |
| 1,252,391 | | |
| 3,287,782 | | |
| 19,132 | |
| NET ASSETS | |
$ | 8,559,287 | | |
$ | 19,192,573 | | |
$ | 423,159,955 | | |
$ | 304,654,966 | |
| Shares outstanding | |
| 400,000 | | |
| 900,000 | | |
| 18,650,000 | | |
| 17,600,000 | |
| Net asset value, per share | |
$ | 21.40 | | |
$ | 21.33 | | |
$ | 22.69 | | |
$ | 17.31 | |
| Net Assets consist of: | |
| | | |
| | | |
| | | |
| | |
| Aggregate paid-in capital | |
$ | 10,005,705 | | |
$ | 21,435,979 | | |
$ | 464,331,032 | | |
$ | 308,325,705 | |
| Total distributable loss | |
| (1,446,418 | ) | |
| (2,243,406 | ) | |
| (41,171,077 | ) | |
| (3,670,739 | ) |
| NET ASSETS | |
$ | 8,559,287 | | |
$ | 19,192,573 | | |
$ | 423,159,955 | | |
$ | 304,654,966 | |
| (1) Includes Investment in securities on loan, at market value | |
$ | 276,382 | | |
$ | 440,772 | | |
$ | — | | |
$ | — | |
| (2) Cost of investments - Unaffiliated issuers | |
$ | 8,595,209 | | |
$ | 19,344,245 | | |
$ | 410,174,954 | | |
$ | 294,219,629 | |
| (3) Cost of short-term investments held as collateral for securities loaned | |
$ | 182,051 | | |
$ | 182,156 | | |
$ | — | | |
$ | — | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF OPERATIONS
For the Year Ended April 30, 2026
| | |
CEF Muni Income
ETF | | |
Emerging
Markets High
Yield Bond ETF | | |
Fallen Angel
High Yield Bond
ETF | | |
Green Bond ETF | |
| Income: | |
| | | |
| | | |
| | | |
| | |
| Dividends | |
$ | 7,721,761 | | |
$ | — | | |
$ | — | | |
$ | 8,094 | |
| Interest | |
| 3,970 | | |
| 30,795,747 | | |
| 195,302,033 | | |
| 6,905,024 | |
| Securities lending income | |
| — | | |
| 204,291 | | |
| 3,139,127 | | |
| 23,890 | |
| Net foreign taxes reclaimed/(withheld) | |
| — | | |
| 4,962 | | |
| — | | |
| (899 | ) |
| Total income | |
| 7,725,731 | | |
| 31,005,000 | | |
| 198,441,160 | | |
| 6,936,109 | |
| Expenses: | |
| | | |
| | | |
| | | |
| | |
| Management fees | |
| 754,804 | | |
| 1,733,460 | | |
| 7,583,850 | | |
| 305,438 | |
| Interest | |
| 15,928 | | |
| 278 | | |
| 74,401 | | |
| 277 | |
| Taxes | |
| 58 | | |
| 173 | | |
| 6,150 | | |
| 173 | |
| Total expenses | |
| 770,790 | | |
| 1,733,911 | | |
| 7,664,401 | | |
| 305,888 | |
| Net investment income | |
| 6,954,941 | | |
| 29,271,089 | | |
| 190,776,759 | | |
| 6,630,221 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net realized gain (loss) on: | |
| | | |
| | | |
| | | |
| | |
| Investments | |
| (7,436,710 | ) | |
| (4,396,116 | ) | |
| (22,864,565 | ) | |
| (1,419,346 | ) |
| In-kind redemptions | |
| 848,665 | | |
| 488,973 | | |
| 19,591,277 | | |
| — | |
| Foreign currency transactions and foreign denominated assets and liabilities | |
| — | | |
| — | | |
| — | | |
| 134 | |
| Net realized loss | |
| (6,588,045 | ) | |
| (3,907,143 | ) | |
| (3,273,288 | ) | |
| (1,419,212 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net change in unrealized appreciation (depreciation) on: | |
| | | |
| | | |
| | | |
| | |
| Investments | |
| 16,577,644 | | |
| 17,756,482 | | |
| 94,808,818 | | |
| 1,204,957 | |
| Foreign currency translations and foreign denominated assets and liabilities | |
| — | | |
| 153 | | |
| — | | |
| (86 | ) |
| Net change in unrealized appreciation (depreciation) | |
| 16,577,644 | | |
| 17,756,635 | | |
| 94,808,818 | | |
| 1,204,871 | |
| Net increase in net assets resulting from operations | |
$ | 16,944,540 | | |
$ | 43,120,581 | | |
$ | 282,312,289 | | |
$ | 6,415,880 | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF OPERATIONS
For the Year Ended April 30, 2026
| | |
High Yield Muni
ETF | | |
IG Floating Rate
ETF | | |
Intermediate
Muni ETF | | |
Long Muni ETF | |
| Income: | |
| | | |
| | | |
| | | |
| | |
| Interest | |
$ | 176,781,729 | | |
$ | 124,517,420 | | |
$ | 64,573,747 | | |
$ | 24,901,718 | |
| Securities lending income | |
| — | | |
| 63,003 | | |
| — | | |
| — | |
| Net foreign taxes reclaimed | |
| — | | |
| 17,227 | | |
| — | | |
| — | |
| Total income | |
| 176,781,729 | | |
| 124,597,650 | | |
| 64,573,747 | | |
| 24,901,718 | |
| Expenses: | |
| | | |
| | | |
| | | |
| | |
| Management fees | |
| 11,805,847 | | |
| 3,548,446 | | |
| 3,673,848 | | |
| 1,440,227 | |
| Interest | |
| — | | |
| 3,154 | | |
| — | | |
| — | |
| Taxes | |
| 59 | | |
| 4,150 | | |
| 58 | | |
| 58 | |
| Total expenses | |
| 11,805,906 | | |
| 3,555,750 | | |
| 3,673,906 | | |
| 1,440,285 | |
| Net investment income | |
| 164,975,823 | | |
| 121,041,900 | | |
| 60,899,841 | | |
| 23,461,433 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net realized gain (loss) on: | |
| | | |
| | | |
| | | |
| | |
| Investments | |
| (30,923,737 | ) | |
| 2,612,107 | | |
| (2,592,168 | ) | |
| (1,771,246 | ) |
| In-kind redemptions | |
| — | | |
| 130,333 | | |
| (4,838,336 | ) | |
| (1,255,041 | ) |
| Net realized gain (loss) | |
| (30,923,737 | ) | |
| 2,742,440 | | |
| (7,430,504 | ) | |
| (3,026,287 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net change in unrealized appreciation (depreciation) on: | |
| | | |
| | | |
| | | |
| | |
| Investments | |
| 68,292,842 | | |
| 11,946,510 | | |
| 71,591,876 | | |
| 16,760,958 | |
| Net change in unrealized appreciation (depreciation) | |
| 68,292,842 | | |
| 11,946,510 | | |
| 71,591,876 | | |
| 16,760,958 | |
| Net increase in net assets resulting from operations | |
$ | 202,344,928 | | |
$ | 135,730,850 | | |
$ | 125,061,213 | | |
$ | 37,196,104 | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF OPERATIONS
For the Year Ended April 30, 2026
| | |
Moody’s
Analytics BBB
Corporate Bond
ETF | | |
Moody’s
Analytics IG
Corporate Bond
ETF | | |
Short High Yield
Muni ETF | | |
Short Muni ETF | |
| Income: | |
| | | |
| | | |
| | | |
| | |
| Interest | |
$ | 446,422 | | |
$ | 749,068 | | |
$ | 14,793,529 | | |
$ | 7,955,655 | |
| Securities lending income | |
| 538 | | |
| 1,022 | | |
| — | | |
| — | |
| Total income | |
| 446,960 | | |
| 750,090 | | |
| 14,793,529 | | |
| 7,955,655 | |
| | |
| | | |
| | | |
| | | |
| | |
| Expenses: | |
| | | |
| | | |
| | | |
| | |
| Management fees | |
| 21,620 | | |
| 30,748 | | |
| 1,216,286 | | |
| 202,744 | |
| Interest | |
| — | | |
| — | | |
| 272 | | |
| 269 | |
| Taxes | |
| 57 | | |
| 58 | | |
| 58 | | |
| 58 | |
| Total expenses | |
| 21,677 | | |
| 30,806 | | |
| 1,216,616 | | |
| 203,071 | |
| Net investment income | |
| 425,283 | | |
| 719,284 | | |
| 13,576,913 | | |
| 7,752,584 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net realized gain (loss) on: | |
| | | |
| | | |
| | | |
| | |
| Investments | |
| 29,972 | | |
| (26,528 | ) | |
| (2,429,817 | ) | |
| (24,916 | ) |
| In-kind redemptions | |
| — | | |
| (193,126 | ) | |
| — | | |
| (46,555 | ) |
| Net realized gain (loss) | |
| 29,972 | | |
| (219,654 | ) | |
| (2,429,817 | ) | |
| (71,471 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net change in unrealized appreciation (depreciation) on: | |
| | | |
| | | |
| | | |
| | |
| Investments | |
| (23,813 | ) | |
| 51,009 | | |
| 6,535,389 | | |
| 3,537,231 | |
| Net change in unrealized appreciation (depreciation) | |
| (23,813 | ) | |
| 51,009 | | |
| 6,535,389 | | |
| 3,537,231 | |
| Net increase in net assets resulting from operations | |
$ | 431,442 | | |
$ | 550,639 | | |
$ | 17,682,485 | | |
$ | 11,218,344 | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF CHANGES IN NET ASSETS
| | |
CEF Muni Income ETF | | |
Emerging Markets High Yield Bond ETF | |
| | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | |
| Operations: | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
$ | 6,954,941 | | |
$ | 9,012,809 | | |
$ | 29,271,089 | | |
$ | 25,938,183 | |
| Net realized loss | |
| (6,588,045 | ) | |
| (1,784,188 | ) | |
| (3,907,143 | ) | |
| (2,773,909 | ) |
| Net change in unrealized appreciation (depreciation) | |
| 16,577,644 | | |
| 9,389,097 | | |
| 17,756,635 | | |
| 12,972,804 | |
| Net increase in net assets resulting from operations | |
| 16,944,540 | | |
| 16,617,718 | | |
| 43,120,581 | | |
| 36,137,078 | |
| Distributions to shareholders from: | |
| | | |
| | | |
| | | |
| | |
| Distributable earnings | |
| (6,954,941 | ) | |
| (9,012,809 | ) | |
| (28,726,430 | ) | |
| (25,599,210 | ) |
| Return of capital | |
| (5,120,234 | ) | |
| (2,116,534 | ) | |
| — | | |
| — | |
| Total distributions | |
| (12,075,175 | ) | |
| (11,129,343 | ) | |
| (28,726,430 | ) | |
| (25,599,210 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Share transactions*: | |
| | | |
| | | |
| | | |
| | |
| Proceeds from sale of shares | |
| 61,388,933 | | |
| 50,638,025 | | |
| 127,270,113 | | |
| 52,633,748 | |
| Cost of shares redeemed | |
| (30,359,953 | ) | |
| (107,316,276 | ) | |
| (13,951,273 | ) | |
| (44,468,099 | ) |
| Net increase (decrease) in net assets resulting from share transactions | |
| 31,028,980 | | |
| (56,678,251 | ) | |
| 113,318,840 | | |
| 8,165,649 | |
| Total increase (decrease) in net assets | |
| 35,898,345 | | |
| (51,189,876 | ) | |
| 127,712,991 | | |
| 18,703,517 | |
| Net Assets, beginning of year | |
| 169,948,612 | | |
| 221,138,488 | | |
| 376,733,591 | | |
| 358,030,074 | |
| Net Assets, end of year | |
$ | 205,846,957 | | |
$ | 169,948,612 | | |
$ | 504,446,582 | | |
$ | 376,733,591 | |
| *Transactions in capital shares: | |
| | | |
| | | |
| | | |
| | |
| Shares sold | |
| 2,825,000 | | |
| 2,325,000 | | |
| 6,400,000 | | |
| 2,700,000 | |
| Shares redeemed | |
| (1,425,000 | ) | |
| (4,900,000 | ) | |
| (700,000 | ) | |
| (2,300,000 | ) |
| Net increase (decrease) | |
| 1,400,000 | | |
| (2,575,000 | ) | |
| 5,700,000 | | |
| 400,000 | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF CHANGES IN NET ASSETS
| | |
Fallen Angel High Yield Bond ETF | | |
Green Bond ETF | |
| | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | |
| Operations: | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
$ | 190,776,759 | | |
$ | 189,776,559 | | |
$ | 6,630,221 | | |
$ | 4,351,794 | |
| Net realized loss | |
| (3,273,288 | ) | |
| (70,002,632 | ) | |
| (1,419,212 | ) | |
| (280,516 | ) |
| Net change in unrealized appreciation (depreciation) | |
| 94,808,818 | | |
| 53,395,569 | | |
| 1,204,871 | | |
| 3,196,106 | |
| Net increase in net assets resulting from operations | |
| 282,312,289 | | |
| 173,169,496 | | |
| 6,415,880 | | |
| 7,267,384 | |
| Distributions to shareholders from: | |
| | | |
| | | |
| | | |
| | |
| Distributable earnings | |
| (191,244,455 | ) | |
| (192,699,120 | ) | |
| (6,479,280 | ) | |
| (4,213,705 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Share transactions*: | |
| | | |
| | | |
| | | |
| | |
| Proceeds from sale of shares | |
| 676,422,640 | | |
| 786,605,093 | | |
| 51,049,774 | | |
| 31,139,547 | |
| Cost of shares redeemed | |
| (503,678,017 | ) | |
| (891,441,642 | ) | |
| — | | |
| — | |
| Net increase (decrease) in net assets resulting from share transactions | |
| 172,744,623 | | |
| (104,836,549 | ) | |
| 51,049,774 | | |
| 31,139,547 | |
| Total increase (decrease) in net assets | |
| 263,812,457 | | |
| (124,366,173 | ) | |
| 50,986,374 | | |
| 34,193,226 | |
| Net Assets, beginning of year | |
| 2,801,978,351 | | |
| 2,926,344,524 | | |
| 125,913,342 | | |
| 91,720,116 | |
| Net Assets, end of year | |
$ | 3,065,790,808 | | |
$ | 2,801,978,351 | | |
$ | 176,899,716 | | |
$ | 125,913,342 | |
| *Transactions in capital shares: | |
| | | |
| | | |
| | | |
| | |
| Shares sold | |
| 23,150,000 | | |
| 27,250,000 | | |
| 2,100,000 | | |
| 1,300,000 | |
| Shares redeemed | |
| (17,250,000 | ) | |
| (31,450,000 | ) | |
| — | | |
| — | |
| Net increase (decrease) | |
| 5,900,000 | | |
| (4,200,000 | ) | |
| 2,100,000 | | |
| 1,300,000 | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF CHANGES IN NET ASSETS
| | |
High Yield Muni ETF | | |
IG Floating Rate ETF | |
| | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | |
| Operations: | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
$ | 164,975,823 | | |
$ | 135,543,897 | | |
$ | 121,041,900 | | |
$ | 103,526,832 | |
| Net realized gain (loss) | |
| (30,923,737 | ) | |
| (57,281,419 | ) | |
| 2,742,440 | | |
| 4,920,385 | |
| Net change in unrealized appreciation (depreciation) | |
| 68,292,842 | | |
| (20,949,688 | ) | |
| 11,946,510 | | |
| (14,494,957 | ) |
| Net increase in net assets resulting from operations | |
| 202,344,928 | | |
| 57,312,790 | | |
| 135,730,850 | | |
| 93,952,260 | |
| Distributions to shareholders from: | |
| | | |
| | | |
| | | |
| | |
| Distributable earnings | |
| (159,764,533 | ) | |
| (134,451,070 | ) | |
| (121,875,670 | ) | |
| (101,615,875 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Share transactions*: | |
| | | |
| | | |
| | | |
| | |
| Proceeds from sale of shares | |
| 988,178,649 | (a) | |
| 972,204,595 | | |
| 365,648,491 | | |
| 1,117,835,080 | |
| Cost of shares redeemed | |
| (225,186,347 | ) | |
| (429,565,658 | ) | |
| (56,128,820 | ) | |
| (305,607,381 | ) |
| Net increase in net assets resulting from share transactions | |
| 762,992,302 | | |
| 542,638,937 | | |
| 309,519,671 | | |
| 812,227,699 | |
| Total increase in net assets | |
| 805,572,697 | | |
| 465,500,657 | | |
| 323,374,851 | | |
| 804,564,084 | |
| Net Assets, beginning of year | |
| 3,380,822,225 | | |
| 2,915,321,568 | | |
| 2,344,336,594 | | |
| 1,539,772,510 | |
| Net Assets, end of year | |
$ | 4,186,394,922 | | |
$ | 3,380,822,225 | | |
$ | 2,667,711,445 | | |
$ | 2,344,336,594 | |
| *Transactions in capital shares: | |
| | | |
| | | |
| | | |
| | |
| Shares sold | |
| 19,400,000 | | |
| 18,900,000 | | |
| 14,350,000 | | |
| 43,900,000 | |
| Shares redeemed | |
| (4,500,000 | ) | |
| (8,450,000 | ) | |
| (2,200,000 | ) | |
| (12,050,000 | ) |
| Net increase | |
| 14,900,000 | | |
| 10,450,000 | | |
| 12,150,000 | | |
| 31,850,000 | |
| (a) |
Includes $109,005 for reimbursement by the Adviser (See
Note 3) |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF CHANGES IN NET ASSETS
| | |
Intermediate Muni ETF | | |
Long Muni ETF | |
| | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | |
| Operations: | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
$ | 60,899,841 | | |
$ | 52,680,081 | | |
$ | 23,461,433 | | |
$ | 18,841,016 | |
| Net realized loss | |
| (7,430,504 | ) | |
| (6,893,106 | ) | |
| (3,026,287 | ) | |
| (1,333,714 | ) |
| Net change in unrealized appreciation (depreciation) | |
| 71,591,876 | | |
| (20,013,998 | ) | |
| 16,760,958 | | |
| (14,178,375 | ) |
| Net increase in net assets resulting from operations | |
| 125,061,213 | | |
| 25,772,977 | | |
| 37,196,104 | | |
| 3,328,927 | |
| Distributions to shareholders from: | |
| | | |
| | | |
| | | |
| | |
| Distributable earnings | |
| (59,964,742 | ) | |
| (52,313,452 | ) | |
| (22,752,005 | ) | |
| (18,304,160 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Share transactions*: | |
| | | |
| | | |
| | | |
| | |
| Proceeds from sale of shares | |
| 272,403,771 | | |
| 331,998,085 | | |
| 185,581,753 | | |
| 132,878,950 | |
| Cost of shares redeemed | |
| (117,947,595 | ) | |
| (159,799,860 | ) | |
| (34,895,404 | ) | |
| (22,517,761 | ) |
| Net increase in net assets resulting from share transactions | |
| 154,456,176 | | |
| 172,198,225 | | |
| 150,686,349 | | |
| 110,361,189 | |
| Total increase in net assets | |
| 219,552,647 | | |
| 145,657,750 | | |
| 165,130,448 | | |
| 95,385,956 | |
| Net Assets, beginning of year | |
| 1,950,323,319 | | |
| 1,804,665,569 | | |
| 535,887,443 | | |
| 440,501,487 | |
| Net Assets, end of year | |
$ | 2,169,875,966 | | |
$ | 1,950,323,319 | | |
$ | 701,017,891 | | |
$ | 535,887,443 | |
| *Transactions in capital shares: | |
| | | |
| | | |
| | | |
| | |
| Shares sold | |
| 5,850,000 | | |
| 7,250,000 | | |
| 10,700,000 | | |
| 7,450,000 | |
| Shares redeemed | |
| (2,600,000 | ) | |
| (3,500,000 | ) | |
| (2,050,000 | ) | |
| (1,250,000 | ) |
| Net increase | |
| 3,250,000 | | |
| 3,750,000 | | |
| 8,650,000 | | |
| 6,200,000 | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF CHANGES IN NET ASSETS
| | |
Moody’s Analytics BBB Corporate Bond
ETF | | |
Moody’s Analytics IG Corporate Bond
ETF | |
| | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | |
| Operations: | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
$ | 425,283 | | |
$ | 445,638 | | |
$ | 719,284 | | |
$ | 754,150 | |
| Net realized gain (loss) | |
| 29,972 | | |
| 1,759 | | |
| (219,654 | ) | |
| (78,665 | ) |
| Net change in unrealized appreciation (depreciation) | |
| (23,813 | ) | |
| 249,411 | | |
| 51,009 | | |
| 360,343 | |
| Net increase in net assets resulting from operations | |
| 431,442 | | |
| 696,808 | | |
| 550,639 | | |
| 1,035,828 | |
| Distributions to shareholders from: | |
| | | |
| | | |
| | | |
| | |
| Distributable earnings | |
| (427,200 | ) | |
| (446,420 | ) | |
| (734,158 | ) | |
| (722,330 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Share transactions*: | |
| | | |
| | | |
| | | |
| | |
| Proceeds from sale of shares | |
| — | | |
| 1,089,022 | | |
| 7,584,942 | | |
| 10,741,686 | |
| Cost of shares redeemed | |
| — | | |
| (1,079,029 | ) | |
| (9,536,855 | ) | |
| (2,120,683 | ) |
| Net increase (decrease) in net assets resulting from share transactions | |
| — | | |
| 9,993 | | |
| (1,951,913 | ) | |
| 8,621,003 | |
| Total increase (decrease) in net assets | |
| 4,242 | | |
| 260,381 | | |
| (2,135,432 | ) | |
| 8,934,501 | |
| Net Assets, beginning of year | |
| 8,555,045 | | |
| 8,294,664 | | |
| 21,328,005 | | |
| 12,393,504 | |
| Net Assets, end of year | |
$ | 8,559,287 | | |
$ | 8,555,045 | | |
$ | 19,192,573 | | |
$ | 21,328,005 | |
| *Transactions in capital shares: | |
| | | |
| | | |
| | | |
| | |
| Shares sold | |
| — | | |
| 50,000 | | |
| 350,000 | | |
| 500,000 | |
| Shares redeemed | |
| — | | |
| (50,000 | ) | |
| (450,000 | ) | |
| (100,000 | ) |
| Net increase (decrease) | |
| — | | |
| — | | |
| (100,000 | ) | |
| 400,000 | |
See Notes to Financial Statements
VANECK ETF TRUST
STATEMENTS OF CHANGES IN NET ASSETS
| | |
Short High Yield Muni ETF | | |
Short Muni ETF | |
| | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | | |
Year Ended
April 30, 2026 | | |
Year Ended
April 30, 2025 | |
| Operations: | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
$ | 13,576,913 | | |
$ | 10,568,971 | | |
$ | 7,752,584 | | |
$ | 6,349,401 | |
| Net realized loss | |
| (2,429,817 | ) | |
| (4,004,799 | ) | |
| (71,471 | ) | |
| (316,998 | ) |
| Net change in unrealized appreciation (depreciation) | |
| 6,535,389 | | |
| 4,593,379 | | |
| 3,537,231 | | |
| 2,355,336 | |
| Net increase in net assets resulting from operations | |
| 17,682,485 | | |
| 11,157,551 | | |
| 11,218,344 | | |
| 8,387,739 | |
| Distributions to shareholders from: | |
| | | |
| | | |
| | | |
| | |
| Distributable earnings | |
| (13,093,145 | ) | |
| (10,289,255 | ) | |
| (7,762,815 | ) | |
| (6,402,005 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Share transactions*: | |
| | | |
| | | |
| | | |
| | |
| Proceeds from sale of shares | |
| 100,292,020 | (a) | |
| 18,138,035 | | |
| 39,797,125 | | |
| 27,462,893 | |
| Cost of shares redeemed | |
| — | | |
| (21,454,447 | ) | |
| (3,476,525 | ) | |
| (18,042,693 | ) |
| Net increase (decrease) in net assets resulting from share transactions | |
| 100,292,020 | | |
| (3,316,412 | ) | |
| 36,320,600 | | |
| 9,420,200 | |
| Total increase (decrease) in net assets | |
| 104,881,360 | | |
| (2,448,116 | ) | |
| 39,776,129 | | |
| 11,405,934 | |
| Net Assets, beginning of year | |
| 318,278,595 | | |
| 320,726,711 | | |
| 264,878,837 | | |
| 253,472,903 | |
| Net Assets, end of year | |
$ | 423,159,955 | | |
$ | 318,278,595 | | |
$ | 304,654,966 | | |
$ | 264,878,837 | |
| *Transactions in capital shares: | |
| | | |
| | | |
| | | |
| | |
| Shares sold | |
| 4,400,000 | | |
| 800,000 | | |
| 2,300,000 | | |
| 1,600,000 | |
| Shares redeemed | |
| — | | |
| (950,000 | ) | |
| (200,000 | ) | |
| (1,050,000 | ) |
| Net increase (decrease) | |
| 4,400,000 | | |
| (150,000 | ) | |
| 2,100,000 | | |
| 550,000 | |
| (a) |
Includes $3,783 for reimbursement by the Adviser (See Note
3) |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
CEF Muni Income ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $21.05 | | |
| $20.76 | | |
| $21.46 | | |
| $23.53 | | |
| $29.07 | |
| Net investment income (a) | |
| 0.80 | | |
| 0.93 | | |
| 0.79 | | |
| 0.95 | | |
| 1.14 | |
| Net realized and unrealized gain (loss) on investments | |
| 1.26 | | |
| 0.52 | | |
| (0.57 | ) | |
| (2.00 | ) | |
| (5.56 | ) |
| Total from investment operations | |
| 2.06 | | |
| 1.45 | | |
| 0.22 | | |
| (1.05 | ) | |
| (4.42 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (0.80 | ) | |
| (0.94 | ) | |
| (0.83 | ) | |
| (1.02 | ) | |
| (1.12 | ) |
| Return of capital | |
| (0.58 | ) | |
| (0.22 | ) | |
| (0.09 | ) | |
| — | | |
| — | |
| Total distributions | |
| (1.38 | ) | |
| (1.16 | ) | |
| (0.92 | ) | |
| (1.02 | ) | |
| (1.12 | ) |
| Net asset value, end of year | |
| $21.73 | | |
| $21.05 | | |
| $20.76 | | |
| $21.46 | | |
| $23.53 | |
| Total return (b) | |
| 10.07 | % | |
| 6.79 | % | |
| 1.16 | % | |
| (4.53 | )% | |
| (15.82 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses (c) | |
| 0.41 | % | |
| 0.41 | % | |
| 0.41 | % | |
| 0.41 | % | |
| 0.40 | % |
| Expenses excluding interest and taxes (c) | |
| 0.40 | % | |
| 0.40 | % | |
| 0.40 | % | |
| 0.40 | % | |
| N/A | |
| Net investment income (c) | |
| 3.69 | % | |
| 4.23 | % | |
| 3.80 | % | |
| 4.30 | % | |
| 4.01 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $206 | | |
| $170 | | |
| $221 | | |
| $204 | | |
| $169 | |
| Portfolio turnover rate (d) | |
| 13 | % | |
| 12 | % | |
| 14 | % | |
| 15 | % | |
| 15 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (c) |
The ratios presented do not reflect the Fund’s proportionate share of income and expenses from the Fund’s investment in underlying funds. |
| (d) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Emerging Markets High Yield Bond ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $19.42 | | |
| $18.84 | | |
| $18.19 | | |
| $19.52 | | |
| $23.63 | |
| Net investment income (a) | |
| 1.35 | | |
| 1.29 | | |
| 1.15 | | |
| 1.10 | | |
| 1.20 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.66 | | |
| 0.55 | | |
| 0.67 | | |
| (1.25 | ) | |
| (4.11 | ) |
| Total from investment operations | |
| 2.01 | | |
| 1.84 | | |
| 1.82 | | |
| (0.15 | ) | |
| (2.91 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (1.33 | ) | |
| (1.26 | ) | |
| (1.17 | ) | |
| (1.18 | ) | |
| (1.20 | ) |
| Net asset value, end of year | |
| $20.10 | | |
| $19.42 | | |
| $18.84 | | |
| $18.19 | | |
| $19.52 | |
| Total return (b) | |
| 10.64 | % | |
| 9.97 | % | |
| 10.50 | % | |
| (0.56 | )% | |
| (12.84 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.40 | % | |
| 0.40 | % | |
| 0.40 | % | |
| 0.40 | % | |
| 0.40 | % |
| Net investment income | |
| 6.75 | % | |
| 6.59 | % | |
| 6.32 | % | |
| 6.08 | % | |
| 5.39 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $504 | | |
| $377 | | |
| $358 | | |
| $431 | | |
| $1,152 | |
| Portfolio turnover rate (c) | |
| 39 | % | |
| 34 | % | |
| 30 | % | |
| 21 | % | |
| 34 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (c) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Fallen Angel High Yield Bond ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $28.30 | | |
| $28.36 | | |
| $27.74 | | |
| $28.94 | | |
| $32.20 | |
| Net investment income (a) | |
| 1.84 | | |
| 1.80 | | |
| 1.61 | | |
| 1.29 | | |
| 1.19 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.94 | | |
| (0.04 | ) | |
| 0.61 | | |
| (1.15 | ) | |
| (3.22 | ) |
| Total from investment operations | |
| 2.78 | | |
| 1.76 | | |
| 2.22 | | |
| 0.14 | | |
| (2.03 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (1.85 | ) | |
| (1.82 | ) | |
| (1.60 | ) | |
| (1.34 | ) | |
| (1.23 | ) |
| Net asset value, end of year | |
| $29.23 | | |
| $28.30 | | |
| $28.36 | | |
| $27.74 | | |
| $28.94 | |
| Total return (b) | |
| 10.00 | % | |
| 6.31 | % | |
| 8.26 | % | |
| 0.60 | % | |
| (6.63 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.25 | % | |
| 0.25 | % | |
| 0.33 | % | |
| 0.35 | % | |
| 0.35 | % |
| Net investment income | |
| 6.29 | % | |
| 6.24 | % | |
| 5.77 | % | |
| 4.68 | % | |
| 3.70 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $3,066 | | |
| $2,802 | | |
| $2,926 | | |
| $2,783 | | |
| $3,826 | |
| Portfolio turnover rate (c) | |
| 52 | % | |
| 43 | % | |
| 71 | % | |
| 31 | % | |
| 44 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (c) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Green Bond ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $23.98 | | |
| $23.22 | | |
| $23.58 | | |
| $24.13 | | |
| $27.16 | |
| Net investment income (a) | |
| 1.05 | | |
| 0.96 | | |
| 0.81 | | |
| 0.63 | | |
| 0.55 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.08 | (b) | |
| 0.74 | | |
| (0.38 | ) | |
| (0.54 | ) | |
| (3.03 | ) |
| Total from investment operations | |
| 1.13 | | |
| 1.70 | | |
| 0.43 | | |
| 0.09 | | |
| (2.48 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (1.04 | ) | |
| (0.94 | ) | |
| (0.79 | ) | |
| (0.64 | ) | |
| (0.55 | ) |
| Net asset value, end of year | |
| $24.07 | | |
| $23.98 | | |
| $23.22 | | |
| $23.58 | | |
| $24.13 | |
| Total return (c) | |
| 4.74 | % | |
| 7.42 | % | |
| 1.89 | % | |
| 0.41 | % | |
| (9.30 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.20 | % | |
| 0.20 | % | |
| 0.20 | % | |
| 0.20 | % | |
| 0.20 | % |
| Net investment income | |
| 4.34 | % | |
| 4.03 | % | |
| 3.48 | % | |
| 2.71 | % | |
| 2.07 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $177 | | |
| $126 | | |
| $92 | | |
| $75 | | |
| $95 | |
| Portfolio turnover rate (d) | |
| 21 | % | |
| 15 | % | |
| 14 | % | |
| 20 | % | |
| 19 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
The amount shown does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchase of shares in relation to fluctuating market values of the investments of the Fund. |
| (c) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (d) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
High Yield Muni ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $50.24 | | |
| $51.28 | | |
| $51.43 | | |
| $55.18 | | |
| $62.48 | |
| Net investment income (a) | |
| 2.26 | | |
| 2.23 | | |
| 2.22 | | |
| 2.01 | | |
| 2.09 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.64 | | |
| (1.05 | ) | |
| (0.21 | ) | |
| (3.73 | ) | |
| (7.27 | ) |
| Total from investment operations | |
| 2.90 | | |
| 1.18 | | |
| 2.01 | | |
| (1.72 | ) | |
| (5.18 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (2.21 | ) | |
| (2.22 | ) | |
| (2.16 | ) | |
| (2.03 | ) | |
| (2.12 | ) |
| Contribution from Adviser | |
| — | (b) | |
| — | | |
| — | | |
| — | | |
| — | |
| Net asset value, end of year | |
| $50.93 | | |
| $50.24 | | |
| $51.28 | | |
| $51.43 | | |
| $55.18 | |
| Total return (c) | |
| 5.91 | %(d) | |
| 2.23 | % | |
| 4.04 | % | |
| (3.11 | )% | |
| (8.62 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.32 | % | |
| 0.32 | % | |
| 0.32 | % | |
| 0.35 | % | |
| 0.35 | % |
| Net investment income | |
| 4.47 | % | |
| 4.29 | % | |
| 4.37 | % | |
| 3.84 | % | |
| 3.38 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $4,186 | | |
| $3,381 | | |
| $2,915 | | |
| $2,800 | | |
| $3,018 | |
| Portfolio turnover rate (e) | |
| 28 | % | |
| 17 | % | |
| 29 | % | |
| 11 | % | |
| 11 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Amount represents less than $0.005 per share. |
| (c) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (d) |
During the year ended April 30, 2026, the Adviser reimbursed the Fund for an operational error. The contribution had less than a 0.005% impact to total return (See Note 3). |
| (e) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
| |
|
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
IG Floating Rate ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $25.40 | | |
| $25.47 | | |
| $25.08 | | |
| $25.07 | | |
| $25.33 | |
| Net investment income (a) | |
| 1.22 | | |
| 1.42 | | |
| 1.59 | | |
| 0.98 | | |
| 0.14 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.15 | | |
| (0.07 | ) | |
| 0.38 | | |
| (0.09 | ) | |
| (0.25 | ) |
| Total from investment operations | |
| 1.37 | | |
| 1.35 | | |
| 1.97 | | |
| 0.89 | | |
| (0.11 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (1.23 | ) | |
| (1.42 | ) | |
| (1.58 | ) | |
| (0.88 | ) | |
| (0.15 | ) |
| Net asset value, end of year | |
| $25.54 | | |
| $25.40 | | |
| $25.47 | | |
| $25.08 | | |
| $25.07 | |
| Total return (b) | |
| 5.54 | % | |
| 5.42 | % | |
| 8.12 | % | |
| 3.61 | % | |
| (0.45 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.14 | % | |
| 0.14 | % | |
| 0.14 | % | |
| 0.14 | % | |
| 0.14 | % |
| Net investment income | |
| 4.78 | % | |
| 5.56 | % | |
| 6.31 | % | |
| 3.95 | % | |
| 0.56 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $2,668 | | |
| $2,344 | | |
| $1,540 | | |
| $1,146 | | |
| $1,135 | |
| Portfolio turnover rate (c) | |
| 75 | % | |
| 110 | % | |
| 89 | % | |
| 55 | % | |
| 78 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (c) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Intermediate Muni ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $45.25 | | |
| $45.86 | | |
| $46.35 | | |
| $45.69 | | |
| $51.62 | |
| Net investment income (a) | |
| 1.39 | | |
| 1.29 | | |
| 1.17 | | |
| 0.97 | | |
| 0.83 | |
| Net realized and unrealized gain (loss) on investments | |
| 1.55 | | |
| (0.62 | ) | |
| (0.50 | ) | |
| 0.65 | | |
| (5.92 | ) |
| Total from investment operations | |
| 2.94 | | |
| 0.67 | | |
| 0.67 | | |
| 1.62 | | |
| (5.09 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (1.37 | ) | |
| (1.28 | ) | |
| (1.16 | ) | |
| (0.96 | ) | |
| (0.84 | ) |
| Net realized capital gains | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | (b) |
| Total distributions | |
| (1.37 | ) | |
| (1.28 | ) | |
| (1.16 | ) | |
| (0.96 | ) | |
| (0.84 | ) |
| Net asset value, end of year | |
| $46.82 | | |
| $45.25 | | |
| $45.86 | | |
| $46.35 | | |
| $45.69 | |
| Total return (c) | |
| 6.56 | % | |
| 1.43 | % | |
| 1.48 | % | |
| 3.59 | % | |
| (9.99 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.18 | % | |
| 0.18 | % | |
| 0.23 | % | |
| 0.24 | % | |
| 0.24 | % |
| Net investment income | |
| 2.98 | % | |
| 2.79 | % | |
| 2.56 | % | |
| 2.12 | % | |
| 1.64 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $2,170 | | |
| $1,950 | | |
| $1,805 | | |
| $1,822 | | |
| $1,695 | |
| Portfolio turnover rate (d) | |
| 10 | % | |
| 11 | % | |
| 16 | % | |
| 17 | % | |
| 4 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Amount represents less than $0.005 per share. |
| (c) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (d) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Long Muni ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $17.20 | | |
| $17.66 | | |
| $17.91 | | |
| $18.35 | | |
| $21.68 | |
| Net investment income (a) | |
| 0.67 | | |
| 0.66 | | |
| 0.62 | | |
| 0.52 | | |
| 0.46 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.40 | | |
| (0.48 | ) | |
| (0.26 | ) | |
| (0.46 | ) | |
| (3.26 | ) |
| Total from investment operations | |
| 1.07 | | |
| 0.18 | | |
| 0.36 | | |
| 0.06 | | |
| (2.80 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (0.66 | ) | |
| (0.64 | ) | |
| (0.61 | ) | |
| (0.50 | ) | |
| (0.46 | ) |
| Net realized capital gains | |
| — | | |
| — | | |
| — | | |
| — | | |
| (0.07 | ) |
| Total distributions | |
| (0.66 | ) | |
| (0.64 | ) | |
| (0.61 | ) | |
| (0.50 | ) | |
| (0.53 | ) |
| Net asset value, end of year | |
| $17.61 | | |
| $17.20 | | |
| $17.66 | | |
| $17.91 | | |
| $18.35 | |
| Total return (b) | |
| 6.37 | % | |
| 0.99 | % | |
| 2.02 | % | |
| 0.40 | % | |
| (13.26 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.24 | % | |
| 0.24 | % | |
| 0.24 | % | |
| 0.24 | % | |
| 0.24 | % |
| Net investment income | |
| 3.88 | % | |
| 3.68 | % | |
| 3.54 | % | |
| 2.91 | % | |
| 2.15 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $701 | | |
| $536 | | |
| $441 | | |
| $313 | | |
| $216 | |
| Portfolio turnover rate (c) | |
| 7 | % | |
| 9 | % | |
| 23 | % | |
| 32 | % | |
| 7 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (c) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Moody’s Analytics BBB Corporate Bond ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $21.39 | | |
| $20.74 | | |
| $21.11 | | |
| $21.52 | | |
| $24.73 | |
| Net investment income (a) | |
| 1.06 | | |
| 1.06 | | |
| 0.99 | | |
| 0.78 | | |
| 0.55 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.02 | | |
| 0.66 | | |
| (0.37 | ) | |
| (0.44 | ) | |
| (3.19 | ) |
| Total from investment operations | |
| 1.08 | | |
| 1.72 | | |
| 0.62 | | |
| 0.34 | | |
| (2.64 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (1.07 | ) | |
| (1.07 | ) | |
| (0.99 | ) | |
| (0.75 | ) | |
| (0.57 | ) |
| Net asset value, end of year | |
| $21.40 | | |
| $21.39 | | |
| $20.74 | | |
| $21.11 | | |
| $21.52 | |
| Total return (b) | |
| 5.11 | % | |
| 8.42 | % | |
| 3.02 | % | |
| 1.70 | % | |
| (10.96 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.25 | % | |
| 0.25 | % | |
| 0.25 | % | |
| 0.25 | % | |
| 0.25 | % |
| Net investment income | |
| 4.92 | % | |
| 4.96 | % | |
| 4.78 | % | |
| 3.75 | % | |
| 2.26 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $9 | | |
| $9 | | |
| $8 | | |
| $8 | | |
| $9 | |
| Portfolio turnover rate (c) | |
| 60 | % | |
| 59 | % | |
| 62 | % | |
| 91 | % | |
| 48 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (c) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Moody’s Analytics IG Corporate Bond ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $21.33 | | |
| $20.66 | | |
| $21.14 | | |
| $21.61 | | |
| $24.58 | |
| Net investment income (a) | |
| 1.01 | | |
| 1.02 | | |
| 0.96 | | |
| 0.74 | | |
| 0.52 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.01 | (b) | |
| 0.66 | | |
| (0.48 | ) | |
| (0.49 | ) | |
| (2.96 | ) |
| Total from investment operations | |
| 1.02 | | |
| 1.68 | | |
| 0.48 | | |
| 0.25 | | |
| (2.44 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (1.02 | ) | |
| (1.01 | ) | |
| (0.96 | ) | |
| (0.72 | ) | |
| (0.53 | ) |
| Net asset value, end of year | |
| $21.33 | | |
| $21.33 | | |
| $20.66 | | |
| $21.14 | | |
| $21.61 | |
| Total return (c) | |
| 4.83 | % | |
| 8.24 | % | |
| 2.36 | % | |
| 1.22 | % | |
| (10.15 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.20 | % | |
| 0.20 | % | |
| 0.20 | % | |
| 0.20 | % | |
| 0.20 | % |
| Net investment income | |
| 4.68 | % | |
| 4.78 | % | |
| 4.66 | % | |
| 3.53 | % | |
| 2.13 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $19 | | |
| $21 | | |
| $12 | | |
| $13 | | |
| $13 | |
| Portfolio turnover rate (d) | |
| 54 | % | |
| 56 | % | |
| 54 | % | |
| 84 | % | |
| 53 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
The amount shown does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchase of shares in relation to fluctuating market values of the investments of the Fund. |
| (c) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (d) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Short High Yield Muni ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $22.34 | | |
| $22.27 | | |
| $22.34 | | |
| $22.86 | | |
| $25.06 | |
| Net investment income (a) | |
| 0.83 | | |
| 0.75 | | |
| 0.67 | | |
| 0.59 | | |
| 0.58 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.33 | | |
| 0.05 | | |
| (0.06 | ) | |
| (0.50 | ) | |
| (2.18 | ) |
| Total from investment operations | |
| 1.16 | | |
| 0.80 | | |
| 0.61 | | |
| 0.09 | | |
| (1.60 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (0.81 | ) | |
| (0.73 | ) | |
| (0.68 | ) | |
| (0.61 | ) | |
| (0.60 | ) |
| Contribution from Adviser | |
| — | (b) | |
| — | | |
| — | | |
| — | | |
| — | |
| Net asset value, end of year | |
| $22.69 | | |
| $22.34 | | |
| $22.27 | | |
| $22.34 | | |
| $22.86 | |
| Total return (c) | |
| 5.28 | %(d) | |
| 3.59 | % | |
| 2.82 | % | |
| 0.43 | % | |
| (6.58 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.33 | % | |
| 0.35 | % | |
| 0.35 | % | |
| 0.35 | % | |
| 0.35 | % |
| Net investment income | |
| 3.67 | % | |
| 3.34 | % | |
| 3.04 | % | |
| 2.64 | % | |
| 2.34 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $423 | | |
| $318 | | |
| $321 | | |
| $398 | | |
| $418 | |
| Portfolio turnover rate (e) | |
| 29 | % | |
| 25 | % | |
| 18 | % | |
| 17 | % | |
| 16 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Amount represents less than $0.005 per share. |
| (c) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (d) |
During the year ended April 30, 2026, the Adviser reimbursed the Fund for an operational error. The contribution had less than a 0.005% impact to total return (See Note 3). |
| (e) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
FINANCIAL HIGHLIGHTS
For a share outstanding throughout each year:
| | |
Short Muni ETF |
| | |
Year Ended April 30, |
| | |
2026 | |
2025 | |
2024 | |
2023 | |
2022 |
| | |
| |
| |
| |
| |
|
| Net asset value, beginning of year | |
| $17.09 | | |
| $16.95 | | |
| $16.95 | | |
| $16.89 | | |
| $18.04 | |
| Net investment income (a) | |
| 0.46 | | |
| 0.41 | | |
| 0.31 | | |
| 0.21 | | |
| 0.15 | |
| Net realized and unrealized gain (loss) on investments | |
| 0.23 | | |
| 0.14 | | |
| 0.04 | | |
| 0.10 | | |
| (1.09 | ) |
| Total from investment operations | |
| 0.69 | | |
| 0.55 | | |
| 0.35 | | |
| 0.31 | | |
| (0.94 | ) |
| Distributions from: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net investment income | |
| (0.47 | ) | |
| (0.41 | ) | |
| (0.35 | ) | |
| (0.25 | ) | |
| (0.19 | ) |
| Net realized capital gains | |
| — | | |
| — | | |
| — | | |
| — | | |
| (0.02 | ) |
| Total distributions | |
| (0.47 | ) | |
| (0.41 | ) | |
| (0.35 | ) | |
| (0.25 | ) | |
| (0.21 | ) |
| Net asset value, end of year | |
| $17.31 | | |
| $17.09 | | |
| $16.95 | | |
| $16.95 | | |
| $16.89 | |
| Total return (b) | |
| 4.06 | % | |
| 3.26 | % | |
| 2.12 | % | |
| 1.83 | % | |
| (5.27 | )% |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ratios to average net assets | |
| | | |
| | | |
| | | |
| | | |
| | |
| Expenses | |
| 0.07 | % | |
| 0.07 | % | |
| 0.09 | % | |
| 0.20 | % | |
| 0.20 | % |
| Net investment income | |
| 2.68 | % | |
| 2.40 | % | |
| 1.86 | % | |
| 1.22 | % | |
| 0.86 | % |
| Supplemental data | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net assets, end of year (in millions) | |
| $305 | | |
| $265 | | |
| $253 | | |
| $269 | | |
| $328 | |
| Portfolio turnover rate
(c) | |
| 25 | % | |
| 17 | % | |
| 36 | % | |
| 19 | % | |
| 18 | % |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| (a) |
Calculated based upon average shares outstanding |
| (b) |
Returns are not annualized and include adjustments required by U.S. Generally Accepted Accounting Principles and may differ from net asset values and performance reported elsewhere by the Fund. |
| (c) |
Portfolio turnover rate is not annualized and excludes in-kind transactions. |
See Notes to Financial Statements
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
April 30, 2026
Note 1—Fund Organization
VanEck ETF Trust (the “Trust”) is registered under
the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust was incorporated in Delaware
as a statutory trust on March 15, 2001. The Trust operates as a series fund, and offers multiple investment portfolios, each of
which represents a separate series of the Trust. These financial statements relate only to the investment portfolios listed in
the diversification table below (each a “Fund” and, collectively, the “Funds”). Van Eck Associates Corporation
(the “Adviser”) serves as the investment adviser for the Funds.
| Fund |
Diversification Classification |
| |
|
| CEF Muni Income ETF (“CEF Muni”) |
Diversified |
| Emerging Markets High Yield Bond ETF (“Emerging Markets High Yield”) |
Diversified |
| Fallen Angel High Yield Bond ETF (“Fallen Angel”) |
Diversified |
| Green Bond ETF (“Green Bond”) |
Diversified |
| High Yield Muni ETF (“High Yield”) |
Diversified |
| IG Floating Rate ETF (“IG Floating Rate”) |
Non-Diversified |
| Intermediate Muni ETF (“Intermediate”) |
Diversified |
| Long Muni ETF (“Long”) |
Diversified |
| Moody’s Analytics BBB Corporate Bond ETF (“Moody’s Analytics BBB”) |
Non-Diversified |
| Moody’s Analytics IG Corporate Bond ETF (“Moody’s Analytics IG”) |
Diversified |
| Short High Yield Muni ETF (“Short High Yield”) |
Diversified |
| Short Muni ETF (“Short”) |
Diversified |
Each Fund’s investment objective is to replicate as closely as
possible, before fees and expenses, the price and yield performance of its index which are listed in the table below.
| Fund |
Index |
| |
|
| CEF Muni |
S-Network Municipal Bond Closed-End Fund Index |
| Emerging Markets High Yield |
ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index |
| Fallen Angel |
ICE US Fallen Angel High Yield 10% Constrained Index |
| Green Bond |
S&P Green Bond U.S. Dollar Select Index |
| High Yield |
ICE Broad High Yield Crossover Municipal Index |
| IG Floating Rate |
MVIS® US Investment Grade Floating Rate Index |
| Intermediate |
ICE Intermediate AMT-Free Broad National Municipal Index |
| Long |
ICE Long AMT-Free Broad National Municipal Index |
| Moody’s Analytics BBB |
MVIS® Moody’s Analytics® US BBB Corporate Bond Index |
| Moody’s Analytics IG |
MVIS® Moody’s Analytics® US Investment Grade Corporate Bond Index |
| Short High Yield |
ICE 1-12 Year Broad High Yield Crossover Municipal Index |
| Short |
ICE Short AMT-Free Broad National Municipal Index |
The Funds (except for CEF Muni) expect to use a sampling approach in
seeking to achieve their investment objectives. Sampling means that the Adviser uses quantitative analysis to select bonds and other
securities that represent a sample of securities in the index in terms of key risk factors, performance attributes and other characteristics.
The number of securities in each Fund will be based upon several factors, including asset size of the Fund. The Adviser generally expects
each Fund to hold less than the total number of securities in the index, but reserves the right to hold as many securities as it believes
necessary to achieve the Fund’s investment objective. CEF Muni seeks to achieve its investment objective by investing in a portfolio
of securities in substantially the same weighting as its index.
Note 2—Significant Accounting Policies
The preparation of financial statements in conformity with U.S. Generally
Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts
and disclosures in the financial statements. Actual results could differ from those estimates.
The Funds are investment companies and follow accounting
and reporting requirements of Accounting Standards Codification (“ASC”) 946, Financial Services-Investment Companies.
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 2—Significant Accounting Policies (continued)
The following summarizes the Funds’ significant accounting policies.
A. Security Valuation
The Funds value their investments in securities and other assets and
liabilities at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants on the measurement date. The Funds utilize various methods to measure the fair value
of their investments on a recurring basis, which includes a hierarchy that prioritizes inputs to valuation methods used to measure fair
value. The fair value hierarchy gives highest priority to unadjusted quoted prices in active markets for identical assets and liabilities
(Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The inputs or methodologies used for valuing
securities are not necessarily an indication of the risk associated with investing in those securities. The three levels of the fair
value hierarchy are described below:
Level 1 — Quoted prices in active markets for identical securities.
Level 2 — Significant observable inputs (including quoted prices
for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 — Significant unobservable inputs (including each Fund’s
own assumptions in determining the fair value of investments).
Securities traded on national exchanges are valued at the closing price
on the markets in which the securities trade. Securities traded on the NASDAQ Stock Market LLC (“NASDAQ”) are valued at the
NASDAQ official closing price. Over-the-counter securities not included on NASDAQ and listed securities for which no sale was reported
are valued at the mean of the bid and ask prices. To the extent these securities are actively traded, they are categorized as Level 1
in the fair value hierarchy. Debt securities are valued on the basis of evaluated prices furnished by an independent pricing service
or provided by securities dealers. The pricing services may use valuation models or matrix pricing, which consider: (i) yield or price
with respect to bonds that are considered comparable in characteristics such as rating, interest rate and maturity date and or (ii) quotations
from bond dealers to determine current value, and are categorized as Level 2 in the fair value hierarchy. Short-term debt securities
with sixty days or less to maturity are valued at amortized cost, which with accrued interest approximates fair value. Open-end mutual
fund investments (including money market funds) are valued at their net asset value each business day and are categorized as Level 1.
Non-exchange traded warrants of publicly traded companies are generally valued using quotations from brokers.
The Funds’ Board of Trustees (the
“Trustees”) has designated the Adviser as valuation designee to perform the Funds’ fair value
determinations, subject to board oversight and certain reporting and other requirements. The Adviser has adopted policies and
procedures reasonably designed to comply with the requirements. Among other things, these procedures allow the Funds to
utilize independent pricing services, quotations from securities dealers, and other market sources to determine fair value.
The Pricing Committee of the Adviser convenes regularly to review the fair value of financial instruments or other assets. If
market quotations for a security or other asset are not readily available, or if the Adviser believes they do not otherwise
reflect the fair value of a security or asset, the security or asset will be fair valued by the Pricing Committee in
accordance with the Funds’ valuation policies and procedures. The Pricing Committee employs various methods for
calibrating the valuation approaches utilized to determine fair value, including a regular review of key inputs and
assumptions, periodic comparisons to valuations provided by other independent pricing services, transactional back-testing
and disposition analysis.
Certain factors such as economic conditions, political events, market
trends, the nature of and duration of any restrictions on disposition, trading in similar securities of the issuer or comparable issuers
and other security specific information are used to determine the fair value of these securities. Depending on the relative significance
of valuation inputs, these securities may be categorized either as Level 2 or Level 3
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 2—Significant Accounting Policies (continued)
A. Security Valuation (continued)
in the fair value hierarchy. The price which the Funds may realize
upon sale of an investment may differ materially from the value presented in the Schedules of Investments.
A summary of the inputs and the levels used to value the Funds’ investments
are located in the Schedule of Investments. Additionally, tables that reconcile the valuation of the Funds’ Level 3 investments and that
present additional information about valuation methodologies and unobservable inputs, if applicable, are located in the Schedules of
Investments.
B. Federal Income Taxes
It is each Fund’s policy to comply with the provisions of
the Internal Revenue Code applicable to regulated investment companies and to distribute all of its net investment income and net realized
capital gains, if any, to its shareholders. Therefore, no federal income tax provision is required.
C. Distributions to Shareholders
Dividends to shareholders from net investment income, if any, are declared
and paid monthly by each fund. Distributions of net realized capital gains, if any, are declared and paid annually. Income dividends,
capital gain distributions and return of capital distributions, if any, are determined in accordance with U.S. income tax regulations,
which may differ from such amounts determined in accordance with GAAP, due to recharacterization for tax purposes. Dividends and distributions
that exceed earnings and profit for tax purposes are reported for tax purposes as a return of capital. A portion of a dividend may be
reclassified as a tax return of capital upon the final determination of the Fund’s taxable income which can only be determined
after the Fund’s fiscal year end.
D. Currency Translation
Assets and liabilities denominated in foreign currencies and commitments
under foreign currency contracts are translated into U.S. dollars at the closing prices of such currencies each business day as quoted
by one or more sources. Purchases and sales of investments are translated at the exchange rates prevailing when such investments are
acquired or sold. Foreign denominated income and expenses are translated at the exchange rates prevailing when accrued. The portion of
realized and unrealized gains and losses on investments that result from fluctuations in foreign currency exchange rates is not separately
disclosed in the financial statements. Such amounts are included with the net realized and unrealized gains and losses on investment
securities in the Statements of Operations. Recognized gains or losses attributable to foreign currency fluctuations on foreign currency
denominated assets, other than investments, and liabilities are recorded as net realized gain (loss) and net change in unrealized appreciation
(depreciation) on foreign currency transactions and foreign denominated assets and liabilities in the Statements of Operations.
E. Restricted Securities
The Funds may invest in securities that are subject to legal or contractual
restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities
are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price
may be difficult. Information regarding restricted securities, if any, is included in the Schedules of Investments.
F. Offsetting Assets and Liabilities
In the ordinary course of business, the Funds enter into transactions
subject to enforceable master netting or other similar agreements. Generally, the right of offset in those agreements allows the Funds
to offset any exposure to a specific counterparty with any collateral received or delivered to that counterparty based on the terms of
the agreements. The Funds may receive cash and or securities as collateral for
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 2—Significant Accounting Policies (continued)
F. Offsetting Assets and Liabilities (continued)
securities lending. In general, collateral received exceeds the net
amount of the unrealized gain/loss or market value of financial instruments. For financial reporting purposes, the Funds present securities
lending assets and liabilities on a gross basis in the Statements of Assets and Liabilities. Cash collateral received for securities
lending held in the form of money market fund investments, if any, at April 30, 2026 is presented in the Schedules of Investments and
in the Statements of Assets and Liabilities. Non-cash collateral is disclosed in Note 9 (Securities Lending).
G. Segment Reporting
The Funds’ Chief Financial Officer and Treasurer act as the Funds’
chief operating decision maker (CODM), assessing performance and making decisions about resource allocation. The CODM has determined
that each Fund has a single operating segment based on the fact that each Fund’s long-term strategic asset allocation is pre-determined
in accordance with the terms of its prospectus, with a defined investment strategy which is executed by the Adviser. The financial information
provided to and reviewed by the CODM is presented within the Funds’ financial statements.
H. Other
Security transactions are accounted for on trade date. Realized gains
and losses are determined based on the specific identification method. Interest income, including amortization of premiums and discounts,
is accrued using the effective interest method. Dividend income is recorded on the ex-dividend date except that certain dividends from
foreign securities are recognized upon notification of the ex-dividend date.
The Funds earn interest income on uninvested cash balances held at
the custodian bank. Such amounts, if any, are presented as interest income in the Statements of Operations.
The character of distributions received from certain investments may
be comprised of net investment income, capital gains, and return of capital. It is the Funds’ policy to estimate the character
of distributions received from these investments based on historical data if actual amounts are not available. After each calendar year
end, these investments report the actual tax character of distributions. Differences between the estimated and actual amounts are reflected
in the Funds’ records in the year in which they are reported by adjusting the related cost basis of investments, capital gains
and income, as necessary.
In the normal course of business, the Funds enter into
contracts that contain a variety of general indemnifications. The Funds’ maximum exposure under these agreements is unknown as
this would involve future claims that may be made against the Funds that have not yet occurred. However, the Adviser believes
the risk of loss under these arrangements to be remote.
Note 3—Investment Management and Other Agreements
The Adviser receives a management fee, calculated daily and payable
monthly based on an annual rate of each Fund’s average daily net assets.
The Funds listed in the table below utilize a unitary management fee
structure where the Adviser will pay all Fund expenses, except for the fee payment under the investment management agreement, acquired
fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses. The unitary management fee rates for
the year ended April 30, 2026 are as follows:
| Fund | |
Management
Fees |
| CEF Muni | |
| 0.40 | % |
| Emerging Markets High Yield | |
| 0.40 | |
| Fallen Angel | |
| 0.25 | |
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 3—Investment Management and Other Agreements (continued)
| Fund | |
Management
Fees |
| Green Bond | |
| 0.20 | % |
| High Yield | |
| 0.32 | |
| IG Floating Rate | |
| 0.14 | |
| Intermediate | |
| 0.18 | |
| Long | |
| 0.24 | |
| Moody’s Analytics BBB | |
| 0.25 | |
| Moody’s Analytics IG | |
| 0.20 | |
| Short High Yield | |
| 0.32 | * |
| Short | |
| 0.07 | |
*Prior to September 1, 2025 the management fee rate was 0.35%
In addition, Van Eck Securities Corporation, an affiliate of the Adviser,
acts as the Funds’ distributor (the “Distributor”). Certain officers and a Trustee of the Trust are officers, directors
or stockholders of the Adviser and Distributor.
During the year ended April 30, 2026, the Adviser reimbursed High Yield
$109,005 and Short High Yield $3,783 due to an operational error as disclosed in the Statement of Changes of Net Assets. Per share and
total return impacts to the Funds are disclosed in the Financial Highlights.
At April 30, 2026, the Adviser owned approximately 7% of Moody’s
Analytics BBB.
Note 4—Capital Share Transactions
As of April 30, 2026, there were an unlimited number of capital
shares of beneficial interest authorized by the Trust with no par value. Fund shares are not individually redeemable and are issued
and redeemed at their net asset value per share only through certain authorized broker-dealers (“Authorized Participants”)
in blocks of shares (“Creation Units”).
The consideration for the purchase or redemption of Creation
Units of the Funds generally consists of the in-kind contribution or distribution of securities constituting the Funds’
underlying index (“Deposit Securities”) plus a balancing cash component to equate the transaction to the net asset
value per share of the Fund on the transaction date. Cash may also be substituted in an amount equivalent to the value of certain
Deposit Securities, generally as a result of market circumstances, or when the securities are not available in sufficient quantity
for delivery, or are not eligible for trading by the Authorized Participant. The Funds may issue Creation Units in advance of
receipt of Deposit Securities subject to various conditions, including, for the benefit of the Funds, a requirement to maintain
cash collateral on deposit at the custodian equal to at least 115% of the daily marked to market value of the missing Deposit
Securities.
Authorized Participants purchasing and redeeming Creation Units
may pay transaction fees directly to the transfer agent. In addition, the Funds may impose variable fees on the purchase or redemption
of Creation Units for cash, or on transactions effected outside the clearing process, to defray certain transaction costs. These
variable fees, if any, are reflected in share transactions in the Statements of Changes in Net Assets.
Note 5—Investments
For the year ended April 30, 2026, purchases and sales of investments
(excluding short-term investments and in-kind capital share transactions) and the purchases and sales of investments resulting from in-kind
capital share transactions (excluding short-term investments and U.S. government obligations) were as follows:
| | |
| |
| |
In-Kind Capital Share Transactions |
| Fund | |
Purchases | |
Sales | |
Purchases | |
Sales |
| CEF Muni | |
$ | 27,051,834 | | |
$ | 25,283,303 | | |
$ | 61,394,586 | | |
$ | 30,343,572 | |
| Emerging Markets High Yield | |
| 165,557,949 | | |
| 164,474,311 | | |
| 122,061,836 | | |
| 13,548,669 | |
| Fallen Angel | |
| 1,547,629,381 | | |
| 1,561,694,808 | | |
| 633,810,278 | | |
| 466,447,081 | |
| Green Bond | |
| 39,049,402 | | |
| 31,009,539 | | |
| 40,532,649 | | |
| — | |
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 5—Investments (continued)
| | |
| |
| |
In-Kind Capital Share Transactions |
| Fund | |
Purchases | |
Sales | |
Purchases | |
Sales |
| High Yield | |
$ | 1,716,243,314 | | |
$ | 1,001,843,564 | | |
$ | — | | |
$ | — | |
| IG Floating Rate | |
| 1,901,834,594 | | |
| 1,877,568,253 | | |
| 338,672,575 | | |
| 48,625,796 | |
| Intermediate | |
| 526,466,386 | | |
| 204,893,898 | | |
| — | | |
| 118,174,692 | |
| Long | |
| 227,687,401 | | |
| 42,529,571 | | |
| — | | |
| 35,106,795 | |
| Moody’s Analytics BBB | |
| 5,118,439 | | |
| 5,149,692 | | |
| — | | |
| — | |
| Moody’s Analytics IG | |
| 8,519,350 | | |
| 8,656,370 | | |
| 7,651,271 | | |
| 9,421,188 | |
| Short High Yield | |
| 187,887,434 | | |
| 105,205,255 | | |
| — | | |
| — | |
| Short | |
| 109,134,242 | | |
| 70,248,181 | | |
| — | | |
| 3,397,477 | |
During the year ended April 30, 2026, the following funds engaged
in purchases and sales of investments to funds or other accounts that are managed by the Adviser (or an affiliate of the Adviser). These
transactions complied with Rule 17a-7 under the Act. The activity by Fund is summarized in the table as follows:
| Fund | |
Purchases | |
Sales | |
Net Realized
Gain (Loss) |
| High Yield | |
$ | 10,384,637 | | |
$ | 132,881,836 | | |
$ | 213,591 | |
| Intermediate | |
| 114,894,035 | | |
| 109,481,876 | | |
| (3,368,756 | ) |
| Long | |
| 38,730,391 | | |
| 32,626,849 | | |
| (1,590,899 | ) |
| Short High Yield | |
| 41,055,771 | | |
| 25,831,069 | | |
| (68,662 | ) |
| Short | |
| 100,934,526 | | |
| 366,253 | | |
| (1,532 | ) |
Note 6—Income Taxes
As of April 30, 2026, for Federal income tax purposes, the identified
tax cost, gross unrealized appreciation, gross unrealized depreciation and net unrealized appreciation (depreciation) of investments
owned were as follows:
| Fund | |
Tax Cost of
Investments | |
Gross
Unrealized
Appreciation | |
Gross
Unrealized
Depreciation | |
Net Unrealized
Appreciation
(Depreciation) |
| CEF Muni | |
$ | 217,282,660 | | |
$ | 3,718,632 | | |
$ | (14,797,116 | ) | |
$ | (11,078,484 | ) |
| Emerging Markets High Yield | |
| 513,043,512 | | |
| 12,789,809 | | |
| (11,343,493 | ) | |
| 1,446,316 | |
| Fallen Angel | |
| 3,289,470,219 | | |
| 57,098,135 | | |
| (73,795,959 | ) | |
| (16,697,824 | ) |
| Green Bond | |
| 180,693,928 | | |
| 1,343,023 | | |
| (5,778,960 | ) | |
| (4,435,937 | ) |
| High Yield | |
| 4,104,470,222 | | |
| 58,909,420 | | |
| (193,447,496 | ) | |
| (134,538,076 | ) |
| IG Floating Rate | |
| 2,642,852,013 | | |
| 7,949,951 | | |
| (2,322,002 | ) | |
| 5,627,949 | |
| Intermediate | |
| 2,141,955,722 | | |
| 23,382,926 | | |
| (38,246,660 | ) | |
| (14,863,734 | ) |
| Long | |
| 703,786,291 | | |
| 4,948,486 | | |
| (20,322,033 | ) | |
| (15,373,547 | ) |
| Moody’s Analytics BBB | |
| 8,779,792 | | |
| 75,028 | | |
| (245,401 | ) | |
| (170,373 | ) |
| Moody’s Analytics IG | |
| 19,528,775 | | |
| 71,323 | | |
| (529,019 | ) | |
| (457,696 | ) |
| Short High Yield | |
| 409,828,917 | | |
| 4,194,145 | | |
| (14,812,960 | ) | |
| (10,618,815 | ) |
| Short | |
| 294,659,000 | | |
| 1,649,521 | | |
| (1,387,377 | ) | |
| 262,144 | |
As of April 30, 2026, the components of total distributable earnings
(loss) on a tax basis, for each Fund, were as follows:
| Fund | |
Undistributed
Ordinary
Income | |
(Accumulated
Capital Losses^)/
Undistributed
Capital Gains | |
Other
Temporary
Differences | |
Unrealized
Appreciation
(Depreciation) | |
Total
Distributable
Earnings (Loss) |
| CEF Muni | |
$ | – | | |
$ | (43,334,542 | ) | |
$ | (4,194 | ) | |
$ | (11,078,484 | ) | |
$ | (54,417,220 | ) |
| Emerging Markets High Yield | |
| 2,907,330 | | |
| (217,907,982 | ) | |
| (51,618 | ) | |
| 1,446,699 | | |
| (213,605,571 | ) |
| Fallen Angel | |
| 16,552,658 | | |
| (561,602,971 | ) | |
| (67,964 | ) | |
| (16,697,824 | ) | |
| (561,816,101 | ) |
| Green Bond | |
| 633,959 | | |
| (6,443,803 | ) | |
| (1,073 | ) | |
| (4,435,937 | ) | |
| (10,246,854 | ) |
| High Yield | |
| 16,847,394 | | |
| (277,652,386 | ) | |
| (1,192,943 | ) | |
| (134,538,076 | ) | |
| (396,536,011 | ) |
| IG Floating Rate | |
| 9,710,273 | | |
| (726,633 | ) | |
| (21,617 | ) | |
| 5,627,949 | | |
| 14,589,972 | |
| Intermediate | |
| 5,376,196 | | |
| (36,349,382 | ) | |
| (3,000 | ) | |
| (14,863,734 | ) | |
| (45,839,920 | ) |
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 6—Income Taxes (continued)
| Fund | |
Undistributed
Ordinary
Income | |
(Accumulated
Capital Losses^)/
Undistributed
Capital Gains | |
Other
Temporary
Differences | |
Unrealized
Appreciation
(Depreciation) | |
Total
Distributable
Earnings (Loss) |
| Long | |
$ | 2,210,859 | | |
$ | (21,455,236 | ) | |
$ | (1,516 | ) | |
$ | (15,373,547 | ) | |
$ | (34,619,440 | ) |
| Moody’s Analytics BBB | |
| 34,644 | | |
| (1,310,689 | )^^ | |
| – | | |
| (170,373 | ) | |
| (1,446,418 | ) |
| Moody’s Analytics IG | |
| 71,146 | | |
| (1,856,856 | ) | |
| – | | |
| (457,696 | ) | |
| (2,243,406 | ) |
| Short High Yield | |
| 1,649,884 | | |
| (31,942,072 | ) | |
| (260,074 | ) | |
| (10,618,815 | ) | |
| (41,171,077 | ) |
| Short | |
| 726,082 | | |
| (4,657,365 | ) | |
| (1,600 | ) | |
| 262,144 | | |
| (3,670,739 | ) |
^ These accumulated capital losses are available to offset future
capital gains and have an unlimited expiration.
^^ Due to an ownership change, Moody’s Analytics BBB’s ability
to utilize its capital loss carryforwards is subject to the annual limitations imposed under IRC Section 382.
During the year ended April 30, 2026, IG Floating Rate and Moody’s
Analytics BBB utilized $2,186,430 and $27,646, respectively, of their capital loss carryover available from prior years.
The tax character of distributions paid to shareholders was as follows:
| | |
April 30, 2026 | |
April 30, 2025 |
| Fund | |
Tax-Exempt
Income | |
Ordinary
Income* | |
Return
of Capital | |
Tax-Exempt
Income | |
Ordinary Income* | |
Return
of Capital |
| CEF Muni | |
$ | 6,848,825 | | |
$ | 106,116 | | |
$ | 5,120,234 | | |
$ | 8,867,668 | | |
$ | 145,141 | | |
$ | 2,116,534 | |
| Emerging Markets High Yield | |
| – | | |
| 28,726,430 | | |
| – | | |
| – | | |
| 25,599,210 | | |
| – | |
| Fallen Angel | |
| – | | |
| 191,244,455 | | |
| – | | |
| – | | |
| 192,699,120 | | |
| – | |
| Green Bond | |
| – | | |
| 6,479,280 | | |
| – | | |
| – | | |
| 4,213,705 | | |
| – | |
| High Yield | |
| 156,511,970 | | |
| 3,252,563 | | |
| – | | |
| 132,687,923 | | |
| 1,763,147 | | |
| – | |
| IG Floating Rate | |
| – | | |
| 121,875,670 | | |
| – | | |
| – | | |
| 101,615,875 | | |
| – | |
| Intermediate | |
| 59,022,105 | | |
| 942,637 | | |
| – | | |
| 51,620,860 | | |
| 692,592 | | |
| – | |
| Long | |
| 22,413,188 | | |
| 338,817 | | |
| – | | |
| 18,044,669 | | |
| 259,491 | | |
| – | |
| Moody’s Analytics BBB | |
| – | | |
| 427,200 | | |
| – | | |
| – | | |
| 446,420 | | |
| – | |
| Moody’s Analytics IG | |
| – | | |
| 734,158 | | |
| – | | |
| – | | |
| 722,330 | | |
| – | |
| Short High Yield | |
| 12,799,751 | | |
| 293,394 | | |
| – | | |
| 10,159,788 | | |
| 129,467 | | |
| – | |
| Short | |
| 7,646,435 | | |
| 116,380 | | |
| – | | |
| 6,303,846 | | |
| 98,159 | | |
| – | |
*Includes short-term capital gains (if any).
During the year ended April 30, 2026, as a result of permanent
book to tax differences, primarily due to the tax treatment of in-kind redemptions, the Funds incurred differences that affected total
distributable earnings (loss) and aggregate paid in capital by the amounts in the table below. Net assets were not affected by these
reclassifications.
| Fund | |
Increase
(Decrease)
in Total Distributable
Earnings (Loss) | |
Increase
(Decrease)
in Aggregate
Paid in Capital |
| CEF Muni | |
$ | (761,778 | ) | |
$ | 761,778 | |
| Emerging Markets High Yield | |
| (488,328 | ) | |
| 488,328 | |
| Fallen Angel | |
| (16,057,974 | ) | |
| 16,057,974 | |
| IG Floating Rate | |
| (130,145 | ) | |
| 130,145 | |
| Intermediate | |
| 4,838,336 | | |
| (4,838,336 | ) |
| Long | |
| 1,255,041 | | |
| (1,255,041 | ) |
| Moody’s Analytics IG | |
| 193,126 | | |
| (193,126 | ) |
| Short | |
| 46,555 | | |
| (46,555 | ) |
The Funds recognize the tax benefits of uncertain tax positions
only where the position is “more-likely-than-not” to be sustained assuming examination by applicable tax authorities.
Management has analyzed the Funds’ tax positions, and has concluded that no liability for unrecognized tax benefits should
be recorded
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 6—Income Taxes (continued)
related to uncertain tax positions taken on return filings for all
open tax years. The Funds do not have exposure for additional years that might still be open in certain foreign jurisdictions. Therefore,
no provision for income tax is required in the Funds’ financial statements. However, the Funds are subject to foreign taxes on
the appreciation in value of certain investments. The Funds provide for such taxes on both realized and unrealized appreciation.
The Funds recognize interest and penalties, if any, related to uncertain
tax positions as income tax expense in the Statements of Operations. During the year ended April 30, 2026, the Funds did not incur any
interest or penalties.
In December 2023, FASB issued Accounting Standards Update (“ASU”)
2023-09, Income Taxes (Topic 740) (“ASU 2023-09”) Improvements to Income Tax Disclosures, which enhances income tax disclosures,
including providing specific information regarding income taxes paid. The new disclosures are required for fiscal years beginning after
December 15, 2024. ASU 2023-09 is effective for the year ended April 30, 2026 for all of the Funds included in these financial statements.
Management has evaluated the implications of these changes and determined that no additional disclosures are necessary for any of the
Funds.
Under the PRC Corporate Income Tax regime, China imposes WHT at a rate
of 10% (subject to treaty relief) on PRC-sourced capital gains derived by nonresident enterprises, provided that the nonresident enterprises
(i) do not have places of business, establishments or permanent establishments in the PRC; and (ii) are not PRC tax resident enterprises.
Capital gains derived on investments through the China Bond Connect Program from the transfer of bonds issued by PRC entities are considered
to be non PRC-sourced and therefore not subject to WHT.
PRC rules for taxation of investments through the China Bond Connect
Program are evolving and future tax guidance issued by the PRC State Administration of Taxation and/or PRC Ministry of Finance may apply
retroactively regarding the tax treatment of capital gains derived from the transfer of Chinese bonds by nonresidents. If the PRC tax
authorities were to issue differing formal guidance or tax rules regarding capital gains from Chinese Bond investments made through the
Bond Connect Program, and begin collecting capital gains tax, Green Bond and Emerging Markets High Yield Bond could be subject to a tax
liability.
Note 7—Principal Risks
Non-diversified funds generally hold securities of fewer issuers than
diversified funds (see Note 1) and may be more susceptible to the risks associated with these particular issuers, or to a single economic,
political or regulatory occurrence affecting these issuers.
Investments in bonds, including municipal bonds and Funds holding municipal
securities, involve risks, including market fluctuations caused by factors such as economic and political developments, changes in interest
rates and perceived trends in security prices. The market for municipal bonds may be less liquid than for taxable bonds.
The Emerging Markets High Yield, Fallen Angel, Green Bond, High Yield
and Short High Yield may directly or indirectly invest in non-investment grade securities, often referred to as “junk bonds.”
Economic downturns may disrupt the high yield market and impair the ability of issuers to repay principal and interest. These high yield
securities may involve greater risks and considerations not typically associated with investing in U.S. government bonds and other high
quality fixed-income securities. Also, an increase in interest rates would likely have an adverse impact on the value of such obligations.
Moreover, high yield securities may be less liquid to the extent that there is no established retail secondary market. These Funds may
not be able to sell bonds at desired prices and large purchases or sales of certain high-yield bond issues may cause substantial fluctuations
in share price, yield and total return.
Certain Funds invest in foreign securities which may involve a greater
degree of risk than investments in domestic securities due to political, economic or social instability. Foreign investments may also
be subject to foreign taxes and settlement delays. Since the Funds may have significant investments in foreign debt
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 7—Principal Risks (continued)
securities, they may be subject to greater credit and interest risks
and greater currency fluctuations than portfolios with significant investments in domestic debt securities.
Additionally, certain Funds may invest in securities of emerging market
issuers, which are exposed to a number of risks that may make these investments volatile in price or difficult to trade. Political risks
may include unstable governments, nationalization, restrictions on foreign ownership, laws that prevent investors from getting their
money out of a country, sanctions and investment restrictions and legal systems that do not protect property risks as well as the laws
of the United States. These and other factors can make emerging market securities more volatile and potentially less liquid than securities
issued in more developed markets. These risks include devaluation of currencies, currency controls, less reliable information about issuers,
different securities transaction clearance and settlement practices, future adverse economic developments and political conflicts, or
natural or other disasters.
Green Bond may invest in bonds whose proceeds are used principally
for climate mitigation, climate adaption or other environmentally beneficial projects. Some “green” investments may be dependent
on government tax incentives and subsidies and on political support for certain environmental technologies and companies.
Moody’s Analytics BBB invests in BBB-rated bonds, which are typically
subject to greater risk of downgrade than other investment grade bonds. The risk of downgrade to below-investment grade will be heightened
during an economic downturn or a substantial period of rising interest rates. Any downgrade of such bonds would relegate them from the
investment grade universe to the high yield (or “junk” bond) universe, which could negatively affect their value.
CEF Muni invests in closed-end funds that may trade at a discount
or premium to their net asset value. The Fund is dependent on the performance of underlying funds and are subject to the same
risks of investing in municipal bonds. A closed-end fund may be leveraged as part of its investment strategy. As a result, the
Fund may be indirectly exposed to the effects of leverage through its investment in the underlying funds. Investments in underlying
funds that use leverage may cause the value of the Fund’s shares to be more volatile than if the Fund invested in underlying
funds that do not utilize leverage.
A more complete description of risks is included in each Fund’s
Prospectus and Statement of Additional Information.
Note 8—Trustee Deferred Compensation Plan
The Trust has a Deferred Compensation Plan (the “Plan”)
for Trustees under which the Trustees can elect to defer receipt of their trustee fees until retirement, disability or termination from
the Board of Trustees. The fees otherwise payable to the participating Trustees are deemed invested in shares of the Funds as directed
by the Trustees.
In prior years, the CEF Muni, Emerging Markets High Yield, Fallen Angel,
Green Bond, High Yield, IG Floating Rate, Intermediate, Long and Short adopted a unitary management fee in which the Adviser is responsible
for paying all expenses of the Funds. For these Funds, the liability for the Plan which is shown as “Deferred Trustee fees”
in the Statements of Assets and Liabilities represents amounts accrued through the date of conversion to a unitary management fee structure.
Moody’s Analytics BBB, Moody’s Analytics IG and Short High Yield commenced operations with a unitary management fee, and
therefore bear no cost or liabilities relative to the Plan.
Note 9—Securities Lending
To generate additional income, certain Funds may lend securities pursuant
to a securities lending agreement with the securities lending agent. Each Fund may lend up to 33% of its investments requiring that the
loan be continuously collateralized by cash, cash equivalents, U.S. government securities, or any combination of cash and such securities
at all times equal to at least 102% (105% for foreign securities) of the market value of securities loaned. Daily market fluctuations
could cause the value of loaned securities to be more
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 9—Securities Lending (continued)
or less than the value of the collateral received. When this occurs,
the collateral is adjusted and settled on the next business day. During the term of the loan, the Funds will continue to receive any
dividends, interest or amounts equivalent thereto, on the securities loaned while receiving a fee from the borrower and or earning interest
on the investment of the cash collateral. Such fees and interest are shared with the securities lending agent under the terms of the
securities lending agreement. Securities lending income is disclosed as such in the Statements of Operations. Cash collateral is maintained
on the Funds’ behalf by the lending agent and is invested in the State Street Navigator Securities Lending Government Money Market Portfolio.
Non-cash collateral consists of U.S. Treasuries and U.S. Government Agency securities, and is not disclosed in the Fund’s Schedules
of Investments or Statements of Assets and Liabilities as it is held by the agent on behalf of the Funds. The Funds do not have the ability
to re-hypothecate those securities. Loans are subject to termination at the option of the borrower or the Funds. Upon termination of
the loan, the borrower will return to the Fund securities identical to the securities loaned. The Funds bear the risk of delay in recovery
of, or even loss of rights in, the securities loaned should the borrower of the securities fail financially. The value of loaned securities
and related cash collateral, if any, at April 30, 2026, is presented on a gross basis in the Schedules of Investments and Statements
of Assets and Liabilities. The following is a summary of the Funds’ securities on loan and related collateral as of April 30, 2026:
| Fund | |
Market Value
of Securities
on Loan | |
Cash
Collateral | |
Non-Cash
Collateral | |
Total
Collateral |
| Emerging Markets High Yield | |
$ | 23,958,059 | | |
$ | 23,131,597 | | |
$ | 2,074,548 | | |
$ | 25,206,145 | |
| Fallen Angel | |
| 289,758,434 | | |
| 266,026,937 | | |
| 34,159,392 | | |
| 300,186,329 | |
| Green Bond | |
| 13,973,535 | | |
| 2,988,491 | | |
| 11,436,255 | | |
| 14,424,746 | |
| IG Floating Rate | |
| 30,095,813 | | |
| 3,394,109 | | |
| 27,573,204 | | |
| 30,967,313 | |
| Moody’s Analytics BBB | |
| 276,382 | | |
| 182,051 | | |
| 103,690 | | |
| 285,741 | |
| Moody’s Analytics IG | |
| 440,772 | | |
| 182,156 | | |
| 296,156 | | |
| 478,312 | |
The following table presents money market fund investments held as
collateral by type of security on loan as of April 30, 2026:
| | |
Gross Amount of
Recognized Liabilities
for Securities Lending
Transactions* in the
Statements of Assets and
Liabilities |
| Fund | |
Corporate Bonds |
| Emerging Markets High Yield | |
$ | 23,131,597 | |
| Fallen Angel | |
| 266,026,937 | |
| Green Bond | |
| 2,988,491 | |
| IG Floating Rate | |
| 3,394,109 | |
| Moody’s Analytics BBB | |
| 182,051 | |
| Moody’s Analytics IG | |
| 182,156 | |
| * |
Remaining contractual maturity: overnight and continuous |
Note 10—Bank Line of Credit
The Funds may participate in a $200 million committed credit facility
(the “Facility”) to be utilized for temporary financing until the settlement of sales or purchases of portfolio securities,
the repurchase or redemption of shares of the Funds at the request of the shareholders and other temporary or emergency purposes. The
Funds have agreed to pay commitment fees, pro rata, based on the unused but available balance. Interest is charged to the Funds based
on prevailing market rates in effect at the time of borrowings. During the year ended April 30, 2026, the following Funds borrowed
under this Facility:
VANECK ETF TRUST
NOTES TO FINANCIAL STATEMENTS
(continued)
Note 10—Bank Line of Credit (continued)
| Fund | |
Days
Outstanding | |
Average Daily
Loan Balance | |
Average
Interest Rate |
| CEF Muni | |
| 302 | |
$ | 346,269 | |
| 5.32 | % |
| Emerging Markets High Yield | |
| 1 | |
| 1,841,814 | |
| 5.44 | |
| Fallen Angel | |
| 13 | |
| 36,062,745 | |
| 5.57 | |
| Green Bond | |
| 8 | |
| 189,656 | |
| 5.59 | |
| IG Floating Rate | |
| 12 | |
| 1,715,283 | |
| 5.43 | |
| Short High Yield | |
| 1 | |
| 232,467 | |
| 5.68 | |
| Short | |
| 9 | |
| 185,747 | |
| 5.49 | |
Outstanding loan balances as of April 30, 2026, if any, are reflected
in the Statements of Assets and Liabilities.
VANECK ETF TRUST
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Trustees of VanEck ETF Trust and Shareholders of each
of the twelve funds listed in the table below
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities,
including the schedules of investments, of each of the funds listed in the table below (twelve of the funds constituting VanEck ETF Trust,
hereafter collectively referred to as the “Funds”) as of April 30, 2026, the related statements of operations for the year
ended April 30, 2026, the statements of changes in net assets for each of the two years in the period ended April 30, 2026, including
the related notes, and the financial highlights for each of the four years in the period ended April 30, 2026 (collectively referred
to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the
financial position of each of the Funds listed in the table below as of April 30, 2026, the results of each of their operations for the
year then ended, the changes in each of their net assets for each of the two years in the period ended April 30, 2026, and each of the
financial highlights for each of the four years in the period ended April 30, 2026 in conformity with accounting principles generally
accepted in the United States of America.
| Funds |
|
|
|
| |
|
|
| VanEck CEF Muni Income ETF |
|
VanEck Intermediate Muni ETF |
| VanEck Emerging Markets High Yield Bond ETF |
|
VanEck Long Muni ETF |
| VanEck Fallen Angel High Yield Bond ETF |
|
VanEck Moody’s Analytics BBB Corporate Bond ETF |
| VanEck Green Bond ETF |
|
VanEck Moody’s Analytics IG Corporate Bond ETF |
| VanEck High Yield Muni ETF |
|
VanEck Short High Yield Muni ETF |
| VanEck IG Floating Rate ETF |
|
VanEck Short Muni ETF |
The financial statements of the Funds as of and for the year ended
April 30, 2022, and the financial highlights for each of the periods ended on or prior to April 30, 2022 (not presented herein, other
than the financial highlights) were audited by other auditors whose report dated June 23, 2022 expressed an unqualified opinion on those
financial statements and financial highlights.
Basis for Opinions
These financial statements are the responsibility of the Funds’
management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public
accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent
with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities
and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material
misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits
also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall
presentation of the financial statements. Our procedures included confirmation of securities owned as of April 30, 2026 by correspondence
with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures.
We believe that our audits provide a reasonable basis for our opinions.
/s/ PricewaterhouseCoopers LLP
New York, New York
June 24, 2026
We have served as the auditor of one or more investment companies in
the VanEck Funds complex since 2022.
VANECK ETF TRUST
TAX INFORMATION
(unaudited)
The information set forth below is for each Fund’s fiscal year.
Shareholders, however, must report dividends on a calendar year basis for income tax purposes, which may include dividends for portions
of two fiscal years of a Fund. Accordingly, the information needed by shareholders for calendar year 2026 income tax purposes will be
sent to them in early 2027. Please consult your tax advisor regarding the appropriate treatment of these distributions.
| Fund Name | |
Ticker
Symbol | | |
Payable
Date | |
Total
Distribution
Paid
Per Share | | |
Income
Dividends | | |
Foreign
Taxes
Paid (a) | | |
Total
Ordinary
Income
Dividends | | |
Foreign
Source
Income as
a % of Total
Ordinary
Income (a) | |
| Emerging Markets High Yield | |
| HYEM | | |
| Monthly | | |
| $1.3295 | | |
| $1.3295 | | |
$ | - | | |
| $1.3295 | | |
| 96.35 | % |
| Fallen Angel | |
| ANGL | | |
| Monthly | | |
| 1.8456 | | |
| 1.8456 | | |
| - | | |
| 1.8456 | | |
| - | |
| Green Bond | |
| GRNB | | |
| Monthly | | |
| 1.0376 | | |
| 1.0376 | | |
| 0.0001 | | |
| 1.0377 | | |
| 62.25 | |
| IG Floating Rate | |
| FLTR | | |
| Monthly | | |
| 1.2330 | | |
| 1.2330 | | |
| - | | |
| 1.2330 | | |
| - | |
| Moody’s Analytics BBB | |
| MBBB | | |
| Monthly | | |
| 1.0680 | | |
| 1.0680 | | |
| - | | |
| 1.0680 | | |
| - | |
| Moody’s Analytics IG | |
| MIG | | |
| Monthly | | |
| 1.0176 | | |
| 1.0176 | | |
| - | | |
| 1.0176 | | |
| - | |
| Fund Name | |
Ticker
Symbol | |
Payable
Date | |
Section 163(j)-
Interest Dividends
as a % of the Total
Ordinary Income
Distribution (b) | |
Qualified
Interest
Income
(QII) as a %
of the Total
Ordinary Income
Distribution (c) |
| Emerging Markets High Yield | |
HYEM | |
Monthly | |
| 94.48 | % | |
| 3.31 | % |
| Fallen Angel | |
ANGL | |
Monthly | |
| 90.43 | | |
| 76.04 | |
| Green Bond | |
GRNB | |
Monthly | |
| 92.72 | | |
| 36.88 | |
| IG Floating Rate | |
FLTR | |
Monthly | |
| 99.23 | | |
| 48.28 | |
| Moody’s Analytics BBB | |
MBBB | |
Monthly | |
| 98.30 | | |
| 79.19 | |
| Moody’s Analytics IG | |
MIG | |
Monthly | |
| 97.65 | | |
| 75.60 | |
(a) Funds with an amount in these columns have qualified to
pass-through foreign taxes and foreign source income to their shareholders. Accordingly, shareholders may include their share
of foreign source income on Form 1116 (Form 1118 for corporations) and may either deduct your portion of the taxes in computing
your taxable income or take a credit for such taxes against your tax liability. To determine your foreign source income, multiply
your share of the fund’s total ordinary income dividends by the percentage indicated.
(b) These amounts represent ordinary income from the taxable year
ended April 30, 2026 that are eligible to be treated as interest income for purposes of Section 163(j) and the regulations thereunder.
To treat a dividend as interest income, shareholders must have held shares on which the dividend was paid for at least 180 days during
the 361-day period surrounding the ex-dividend date of the distribution. To determine your 163(j) interest income, multiply your share
of the fund’s total ordinary income dividends by the percentage indicated.
(c) These amounts represent ordinary income from the taxable year
ended April 30, 2026 that were considered to be Qualified Interest Income (“QII”) distributions. The QII distributions may
be exempt from United States withholding tax when distributed to non-U.S. shareholders with proper documentation. To determine your QII,
multiply your share of the fund’s total ordinary income dividends by the percentage indicated.
The per share amounts of taxable vs. tax-exempt income and return of
capital paid monthly by the funds during the taxable year ended April 30, 2026, are listed in the table below. The information set forth
below is for each Fund’s fiscal year. Shareholders, however, must report dividends on a calendar year basis for income tax purposes,
which may include dividends for portions of two fiscal years of a Fund. Accordingly, the information needed by shareholders for calendar
year 2026 income tax purposes will be sent to them in early 2027. Additionally, all of the taxable ordinary income represents Qualified
Interest Income (QII) for non-resident alien shareholders. Please consult your tax advisor for proper treatment of this information.
| Fund Name | |
Ticker
Symbol | |
Tax- Exempt
Interest
Per Share | |
Tax-Exempt
Interest as a
Percentage
of the Total
Distribution |
| |
Taxable
Ordinary
Income
Per Share | |
Taxable
Income as a
Percentage
of the Total
Distribution | |
Return
of
Capital
Per
Share (a) | |
Return of
Capital as a
Percentage
of the Total
Distribution | |
Total
Distributions Per
Share |
| CEF Muni | |
| XMPT | | |
$ | 0.7877 | | |
| 56.95 | % | |
$ | 0.0121 | | |
| 0.88 | % | |
$ | 0.5833 | | |
| 42.17 | % | |
$ | 1.3831 | |
| High Yield | |
| HYD | | |
| 2.1608 | | |
| 97.98 | | |
| 0.0445 | | |
| 2.02 | | |
| - | | |
| - | | |
| 2.2053 | |
| Intermediate | |
| ITM | | |
| 1.3464 | | |
| 98.43 | | |
| 0.0215 | | |
| 1.57 | | |
| - | | |
| - | | |
| 1.3679 | |
| Long | |
| MLN | | |
| 0.6507 | | |
| 98.51 | | |
| 0.0099 | | |
| 1.49 | | |
| - | | |
| - | | |
| 0.6606 | |
| Short High Yield | |
| SHYD | | |
| 0.7927 | | |
| 97.82 | | |
| 0.0177 | | |
| 2.18 | | |
| - | | |
| - | | |
| 0.8104 | |
| Short | |
| SMB | | |
| 0.4594 | | |
| 98.50 | | |
| 0.0070 | | |
| 1.50 | | |
| - | | |
| - | | |
| 0.4664 | |
(a) A return of capital is not considered tax-exempt income to shareholders.
Shareholders who received these distributions should not consider these amounts in tax-exempt income and should treat them as a reduction
of the cost basis of the applicable shares upon which these distributions were paid. In order to compute the required adjustment to cost
basis, a shareholder should us the more detailed information provided on Form 8937-Organizational Actions Affecting Basis provided on
the funds’ website at www.vaneck.com.
Changes in and Disagreements with Accountants
There were no changes in or disagreements with accountants.
Proxy Disclosures
Not applicable.
Remuneration Paid to Directors, Officers, and Others
Refer to the financial statements included herein.
Approval of Investment Advisory Contracts
Not applicable.
| |
|
| Item 8. |
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES. |
| |
|
| |
Information included in Item 7. |
| |
|
| Item 9. |
PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES. |
| |
|
| |
Information included in Item 7. |
| |
|
| Item 10. |
REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES. |
| |
|
| |
Information included in Item 7. |
| |
|
| Item 11. |
STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT. |
| |
|
| |
Information included in Item 7. |
| Item 12. |
DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT
INVESTMENT COMPANIES. |
| |
|
| Item 13. |
PORTFOLIO MANAGER OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
| |
|
| Item 14. |
PURCHASE OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND
AFFILIATED PURCHASERS. |
| |
|
| Item 15. |
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
| |
|
| Item 16. |
CONTROLS AND PROCEDURES. |
| |
|
| (a) |
The registrant’s principal executive and principal financial officers,
or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3
(c)) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by
this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17
CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b)
or 240.15d-15 (b)). |
| |
|
| (b) |
There were no changes in the registrant’s internal control over financial reporting
(as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a(d)) that occurred during the period covered by this report
that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial
reporting. |
| |
|
| Item 17. |
DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT
COMPANIES. |
| |
|
| |
|
| Item 18. |
RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION. |
| |
|
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) VANECK ETF TRUST
| By (Signature and Title) |
/s/ John J. Crimmins, Principal Financial Officer |
|
Pursuant to the requirements of the Securities Exchange Act
of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.
| By (Signature and Title) |
/s/ Jan F. van Eck, Principal Executive Officer |
|
| |
|
|
| By (Signature and Title) |
/s/ John J. Crimmins, Principal Financial Officer |
|
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