VANECK MORTGAGE REIT INCOME ETF
SCHEDULE OF INVESTMENTS
July 31, 2022 (unaudited)
| Number of Shares | Value | |||||||
| COMMON STOCKS: 99.9% | ||||||||
| Real Estate Investment Trusts: 99.9% | ||||||||
| AGNC Investment Corp. | 1,254,967 | $ | 15,825,134 | |||||
| Annaly Capital Management, Inc. | 3,824,680 | 26,313,798 | ||||||
| Apollo Commercial Real Estate Finance, Inc. | 604,675 | 7,727,746 | ||||||
| Arbor Realty Trust, Inc. | 644,963 | 10,719,285 | ||||||
| Ares Commercial Real Estate Corp. | 285,643 | 3,913,309 | ||||||
| ARMOUR Residential REIT, Inc. † | 505,169 | 3,975,680 | ||||||
| Blackstone Mortgage Trust, Inc. † | 403,410 | 12,493,608 | ||||||
| BrightSpire Capital, Inc. | 225,514 | 1,993,544 | ||||||
| Broadmark Realty Capital, Inc. | 720,556 | 5,469,020 | ||||||
| Chimera Investment Corp. † | 935,817 | 9,798,004 | ||||||
| Dynex Capital, Inc. | 222,536 | 3,738,605 | ||||||
| Ellington Financial, Inc. † | 282,094 | 4,527,609 | ||||||
| Franklin BSP Realty Trust, Inc. | 476,245 | 7,310,361 | ||||||
| Hannon Armstrong Sustainable Infrastructure Capital, Inc. † | 257,920 | 9,308,333 | ||||||
| Invesco Mortgage Capital, Inc. † | 161,544 | 2,859,329 | ||||||
| KKR Real Estate Finance Trust, Inc. | 170,814 | 3,329,165 | ||||||
| Ladder Capital Corp. | 656,609 | 7,800,515 | ||||||
| Number of Shares | Value | |||||||
| Real Estate Investment Trusts (continued) | ||||||||
| MFA Financial, Inc. | 440,655 | $ | 5,710,889 | |||||
| New Residential Investment Corp. | 1,051,881 | 11,476,022 | ||||||
| New York Mortgage Trust, Inc. | 1,917,228 | 6,020,096 | ||||||
| Orchid Island Capital, Inc. † | 1,089,921 | 3,509,545 | ||||||
| PennyMac Mortgage Investment Trust † | 401,573 | 6,168,161 | ||||||
| Ready Capital Corp. † | 515,801 | 7,174,792 | ||||||
| Redwood Trust, Inc. † | 517,384 | 4,480,545 | ||||||
| Starwood Property Trust, Inc. | 753,689 | 17,802,134 | ||||||
| Two Harbors Investment Corp. | 1,616,773 | 8,698,239 | ||||||
| Total Common Stocks (Cost: $235,551,611) | 208,143,468 | |||||||
| SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 6.5% (Cost: $13,487,686) | ||||||||
| Money Market Fund: 6.5% | ||||||||
| State Street Navigator Securities Lending Government Money Market Portfolio | 13,487,686 | 13,487,686 | ||||||
| Total Investments: 106.4% (Cost: $249,039,297) | 221,631,154 | |||||||
| Liabilities in excess of other assets: (6.4)% | (13,419,774) | |||||||
| NET ASSETS: 100.0% | $ | 208,211,380 | ||||||
Footnotes:
| † | Security fully or partially on loan. Total market value of securities on loan is $35,023,470. |
| Summary of Investments by Sector Excluding Collateral for Securities Loaned | % of Investments | Value | ||||||
| Financials | 100.0 | % | $ | 208,143,468 | ||||
| 1 |