VANECK
DIGITAL
INDIA
ETF
SCHEDULE
OF
INVESTMENTS
March
31,
2024
(unaudited)
1
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
100.0%
Capital
Goods
:
0.6%
IndiaMart
InterMesh
Ltd.
144A
3,374
$
107,122
Underline
Commercial
&
Professional
Services
:
1.8%
Computer
Age
Management
Services
Ltd.
4,175
146,513
L&T
Technology
Services
Ltd.
144A
2,428
160,099
306,612
Consumer
Durables
&
Apparel
:
1.9%
Dixon
Technologies
India
Ltd.
3,708
334,047
Underline
Consumer
Services
:
8.4%
MakeMyTrip
Ltd. *
5,341
379,478
Zomato
Ltd. *
487,535
1,068,639
1,448,117
Energy
:
7.8%
Reliance
Industries
Ltd.
144A
(GDR)
18,920
1,350,888
Underline
Financial
Services
:
7.7%
Angel
One
Ltd.
4,918
179,576
ICICI
Securities
Ltd.
144A
9,278
80,946
IIFL
Finance
Ltd.
23,210
94,877
Indian
Energy
Exchange
Ltd.
144A
50,158
81,127
Jio
Financial
Services
Ltd. *
160,455
682,157
One
97
Communications
Ltd. *
37,915
183,729
1,302,412
Insurance
:
3.1%
PB
Fintech
Ltd. *
38,848
525,412
Underline
Media
&
Entertainment
:
3.0%
Info
Edge
India
Ltd.
7,575
509,050
Underline
Software
&
Services
:
50.5%
Birlasoft
Ltd.
16,789
150,004
Number
of
Shares
Value
Software
&
Services
(continued)
Coforge
Ltd.
6,172
$
408,789
Cyient
Ltd.
8,016
192,217
HCL
Technologies
Ltd.
52,257
971,590
Infosys
Ltd.
(ADR)
71,548
1,282,856
KPIT
Technologies
Ltd.
19,197
343,585
LTIMindtree
Ltd.
144A
10,540
626,348
Mphasis
Ltd.
8,458
243,269
Oracle
Financial
Services
Software
Ltd.
2,686
283,701
Persistent
Systems
Ltd.
12,202
585,326
Tanla
Platforms
Ltd.
7,563
74,630
Tata
Consultancy
Services
Ltd.
24,664
1,151,116
Tata
Elxsi
Ltd.
4,004
374,625
Tata
Technologies
Ltd. *
16,765
205,787
Tech
Mahindra
Ltd.
50,701
760,905
Wipro
Ltd.
(ADR)
141,704
814,798
WNS
HOLDINGS
LTD *
4,030
203,636
8,673,182
Technology
Hardware
&
Equipment
:
1.3%
Redington
Ltd.
60,130
150,668
Tejas
Networks
Ltd.
144A *
8,600
67,855
218,523
Telecommunication
Services
:
12.2%
Bharti
Airtel
Ltd.
77,977
1,150,529
HFCL
Ltd.
101,692
112,394
Indus
Towers
Ltd. *
95,905
335,455
Tata
Communications
Ltd.
13,414
324,166
Vodafone
Idea
Ltd. *
950,015
151,323
2,073,867
Transportation
:
1.7%
Delhivery
Ltd. *
53,271
286,114
Underline
Total
Common
Stocks
(Cost:
$15,794,941)
17,135,346
Total
Investments:
100.0%
(Cost:
$15,794,941)
17,135,346
Other
assets
less
liabilities:
0.0%
8,190
NET
ASSETS:
100.0%
$
17,143,536
Definitions:
ADR
American
Depositary
Receipt
GDR
Global
Depositary
Receipt
*
Non-income
producing
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
$2,474,385,
or
14.4%
of
net
assets.
VANECK
DIGITAL
INDIA
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
2
Summary
of
Investments
by
Sector
%
of
Investments
Value
Information
Technology
51.9
%
$
8,891,705
Communication
Services
15.1
2,582,917
Financials
10.7
1,827,825
Consumer
Discretionary
10.3
1,782,164
Energy
7.9
1,350,888
Industrials
4.1
699,847
100.0
%
$
17,135,346