VANECK
BDC
INCOME
ETF
SCHEDULE
OF
INVESTMENTS
July
31,
2024
(unaudited)
1
FootnoteRuleAboveBlank
Footnotes:
Number
of
Shares
Value
COMMON
STOCKS:
100.2%
Financial
Services
:
100.2%
Ares
Capital
Corp.
11,801,345
$
247,120,164
Bain
Capital
Specialty
Finance,
Inc. †
1,018,538
17,070,697
Barings
BDC,
Inc.
2,107,532
21,159,621
BlackRock
TCP
Capital
Corp. †
1,956,940
20,684,856
Blackstone
Secured
Lending
Fund †
3,178,248
97,445,084
Blue
Owl
Capital
Corp. †
7,035,445
109,190,106
Capital
Southwest
Corp. †
1,048,401
26,912,454
Carlyle
Secured
Lending,
Inc. †
1,161,369
20,509,777
CION
Investment
Corp.
1,224,702
15,014,846
Fidus
Investment
Corp. †
721,437
14,118,522
FS
KKR
Capital
Corp. †
5,378,453
108,913,673
Gladstone
Investment
Corp. †
838,845
11,760,607
Goldman
Sachs
BDC,
Inc.
2,411,899
36,154,366
Golub
Capital
BDC,
Inc. †
3,445,624
52,649,135
Hercules
Capital,
Inc. †
2,758,580
59,474,985
Main
Street
Capital
Corp. †
1,117,838
57,210,949
MidCap
Financial
Investment
Corp. †
2,142,323
30,420,987
Morgan
Stanley
Direct
Lending
Fund †
1,819,325
37,114,230
New
Mountain
Finance
Corp. †
2,041,350
25,312,740
Number
of
Shares
Value
Financial
Services
(continued)
Oaktree
Specialty
Lending
Corp.
1,861,023
$
33,554,245
PennantPark
Floating
Rate
Capital
Ltd. †
1,449,375
16,218,506
Prospect
Capital
Corp. †
7,068,140
38,450,682
Sixth
Street
Specialty
Lending,
Inc.
2,119,968
44,243,732
SLR
Investment
Corp.
910,546
14,259,150
Trinity
Capital,
Inc.
1,131,268
16,527,825
TriplePoint
Venture
Growth
BDC
Corp. †
865,300
7,640,599
Underline
Total
Common
Stocks
(Cost:
$1,129,515,510)
1,179,132,538
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
6.6%
Money
Market
Fund:
6.6%
(Cost:
$77,945,220)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
77,945,220
77,945,220
Total
Investments:
106.8%
(Cost:
$1,207,460,730)
1,257,077,758
Liabilities
in
excess
of
other
assets:
(6.8)%
(79,528,704)
NET
ASSETS:
100.0%
$
1,177,549,054
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$107,445,143.