VANECK
MOODY’S
ANALYTICS
IG
CORPORATE
BOND
ETF
SCHEDULE
OF
INVESTMENTS
July
31,
2024
(unaudited)
1
Par
(000's)
Value
CORPORATE
BONDS
:
98.3%
Canada
:
7.0%
Alimentation
Couche-Tard,
Inc.
144A
3.55%,
07/26/27
$
75
$
72,445
3.80%,
01/25/50
25
19,129
Bank
of
Montreal
7.70%
(US
Treasury
Yield
Curve
Rate
T
5
Year+3.45%),
05/26/84
25
25,795
Bank
of
Nova
Scotia
1.30%,
09/15/26
50
46,582
2.45%
(Term
SOFR
USD
3
Month+1.85%),
02/02/32
†
100
85,054
4.59%
(US
Treasury
Yield
Curve
Rate
T
5
Year+2.05%),
05/04/37
25
23,101
8.00%
(US
Treasury
Yield
Curve
Rate
T
5
Year+4.02%),
01/27/84
25
26,247
Brookfield
Finance,
Inc.
3.50%,
03/30/51
25
17,918
4.70%,
09/20/47
25
22,052
Canadian
Imperial
Bank
of
Commerce
5.24%,
06/28/27
50
50,638
Canadian
Natural
Resources
Ltd.
6.25%,
03/15/38
25
26,472
Canadian
Pacific
Railway
Co.
1.75%,
12/02/26
25
23,386
6.12%,
09/15/15
25
26,356
CI
Financial
Corp.
3.20%,
12/17/30
25
20,170
Element
Fleet
Management
Corp.
144A
6.27%,
06/26/26
25
25,470
Enbridge,
Inc.
2.50%,
08/01/33
50
40,797
3.12%,
11/15/29
100
92,171
4.25%,
12/01/26
25
24,675
5.70%,
03/08/33
25
25,828
Fortis,
Inc.
3.06%,
10/04/26
25
23,999
Royal
Bank
of
Canada
1.40%,
11/02/26
50
46,505
5.15%,
02/01/34
25
25,416
Toronto-Dominion
Bank
1.20%,
06/03/26
75
70,366
2.80%,
03/10/27
25
23,832
884,404
Denmark
:
0.4%
Danske
Bank
A/S
144A
1.55%
(US
Treasury
Yield
Curve
Rate
T 1
Year+0.73%),
09/10/27
50
46,564
Underline
Finland
:
0.4%
Nordea
Bank
Abp
144A
0.75%,
08/28/25
25
23,908
Par
(000’s)
Value
Finland
(continued)
4.75%,
09/22/25
$
25
$
24,957
48,865
France
:
6.6%
BNP
Paribas
SA
144A
2.59%
(US
Treasury
Yield
Curve
Rate
T
5
Year+2.05%),
08/12/35
50
42,459
4.38%,
05/12/26
75
73,770
5.12%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.45%),
01/13/29
100
100,840
5.18%
(SOFR+1.52%),
01/09/30
75
75,830
5.33%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.50%),
06/12/29
25
25,402
Credit
Agricole
SA
144A
5.51%,
07/05/33
†
75
77,809
5.59%,
07/05/26
50
50,662
Danone
SA
144A
2.95%,
11/02/26
50
48,038
Societe
Generale
SA
144A
1.49%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.10%),
12/14/26
100
94,696
1.79%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.00%),
06/09/27
100
93,459
3.00%,
01/22/30
100
89,134
3.34%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.60%),
01/21/33
50
42,720
4.68%,
06/15/27
50
49,883
864,702
Germany
:
0.3%
Deutsche
Bank
AG
3.73%
(SOFR+2.76%),
01/14/32
50
43,346
Underline
India
:
0.4%
Adani
Ports
&
Special
Economic
Zone
Ltd.
144A
4.20%
(Term
SOFR
USD
3
Month+1.85%),
08/04/27
50
47,299
Underline
Italy
:
1.9%
Intesa
Sanpaolo
SpA
144A
6.62%,
06/20/33
100
105,993
7.20%,
11/28/33
75
82,654
7.78%
(US
Treasury
Yield
Curve
Rate
T 1
Year+3.90%),
06/20/54
25
26,881
UniCredit
SpA
144A
1.98%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.20%),
06/03/27
50
47,168
262,696
Mexico
:
0.5%
Infraestructura
Energetica
Nova
SAPI
de
CV
144A
VANECK
MOODY’S
ANALYTICS
IG
CORPORATE
BOND
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
2
Par
(000’s)
Value
Mexico
(continued)
4.75%,
01/15/51
$
25
$
18,434
Sitios
Latinoamerica
SAB
de
CV
144A
5.38%,
04/04/32
50
47,372
65,806
Netherlands
:
0.6%
Deutsche
Telekom
International
Finance
BV
144A
3.60%,
01/19/27
50
48,634
Prosus
NV
144A
3.26%,
01/19/27
25
23,602
72,236
Norway
:
0.4%
Var
Energi
ASA
144A
8.00%,
11/15/32
50
57,153
Underline
Saudi
Arabia
:
2.9%
Saudi
Arabian
Oil
Co.
144A
1.62%,
11/24/25
25
23,894
2.25%,
11/24/30
25
21,352
3.25%,
11/24/50
50
33,874
3.50%,
04/16/29
50
47,018
3.50%,
11/24/70
50
32,379
4.25%,
04/16/39
150
132,499
4.38%,
04/16/49
100
82,854
373,870
Sweden
:
0.8%
Skandinaviska
Enskilda
Banken
AB
144A
1.40%,
11/19/25
25
23,919
Svenska
Handelsbanken
AB
144A
3.95%,
06/10/27
50
49,202
Swedbank
AB
144A
5.47%,
06/15/26
25
25,296
98,417
Switzerland
:
1.4%
UBS
Group
AG
144A
1.36%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.08%),
01/30/27
50
47,184
2.75%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.10%),
02/11/33
50
42,038
3.18%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.10%),
02/11/43
50
36,671
5.70%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.77%),
02/08/35
50
51,185
177,078
Taiwan
:
0.8%
TSMC
Global
Ltd.
144A
0.75%,
09/28/25
50
47,656
1.25%,
04/23/26
50
47,056
94,712
United
Kingdom
:
2.3%
Barclays
Plc
Par
(000’s)
Value
United
Kingdom
(continued)
2.65%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.90%),
06/24/31
$
25
$
21,854
2.67%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.20%),
03/10/32
100
85,381
2.89%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.30%),
11/24/32
50
42,608
3.33%
(US
Treasury
Yield
Curve
Rate
T 1
Year+1.30%),
11/24/42
50
37,038
4.38%,
01/12/26
50
49,553
HSBC
Holdings
Plc
4.25%,
08/18/25
50
49,393
285,827
United
States
:
71.6%
Altria
Group,
Inc.
2.45%,
02/04/32
75
62,294
3.40%
(Term
SOFR
USD
3
Month+1.85%),
05/06/30
25
23,141
3.40%,
02/04/41
25
18,629
4.25%,
08/09/42
100
82,564
4.80%,
02/14/29
50
49,956
5.38%,
01/31/44
†
25
24,307
5.80%,
02/14/39
50
51,474
5.95%,
02/14/49
60
60,712
Apple,
Inc.
2.05%
(Term
SOFR
USD
3
Month+1.85%),
09/11/26
100
95,171
2.85%
(Term
SOFR
USD
3
Month+1.85%),
08/05/61
75
48,084
3.20%
(Term
SOFR
USD
3
Month+1.85%),
05/11/27
100
97,069
3.35%
(Term
SOFR
USD
3
Month+1.85%),
02/09/27
50
48,800
4.10%
(Term
SOFR
USD
3
Month+1.85%),
08/08/62
100
84,185
Ares
Capital
Corp.
2.15%,
07/15/26
25
23,406
2.88%
(Term
SOFR
USD
3
Month+1.85%),
06/15/28
†
50
45,137
3.88%
(Term
SOFR
USD
3
Month+1.85%),
01/15/26
25
24,371
AT&T,
Inc.
3.65%
(Term
SOFR
USD
3
Month+1.85%),
09/15/59
†
175
121,039
3.80%
(Term
SOFR
USD
3
Month+1.85%),
12/01/57
125
89,995
3.85%,
06/01/60
75
54,092
Becton
Dickinson
&
Co.
3.70%,
06/06/27
50
48,706
Berkshire
Hathaway
Energy
Co.
2.85%
(Term
SOFR
USD
3
Month+1.85%),
05/15/51
25
15,980
3.80%,
07/15/48
50
38,275
4.25%,
10/15/50
50
40,616
4.45%,
01/15/49
50
42,143
3
Par
(000’s)
Value
United
States
(continued)
5.15%,
11/15/43
$
25
$
24,250
6.12%,
04/01/36
50
53,966
Berkshire
Hathaway
Finance
Corp.
2.85%,
10/15/50
75
50,132
3.85%,
03/15/52
50
40,027
4.20%,
08/15/48
150
130,630
Berkshire
Hathaway,
Inc.
3.12%,
03/15/26
25
24,497
Berry
Global,
Inc.
1.57%,
01/15/26
25
23,767
Berry
Global,
Inc.
144A
4.88%,
07/15/26
50
49,394
5.80%,
06/15/31
25
25,475
Blue
Owl
Capital
Corp.
3.40%,
07/15/26
50
47,827
Broadcom
Corp.
/
Broadcom
Cayman
Finance
Ltd.
3.88%,
01/15/27
75
73,537
Broadcom,
Inc.
3.15%,
11/15/25
50
48,861
Broadcom,
Inc.
144A
3.42%,
04/15/33
125
110,423
Cameron
LNG
LLC
144A
2.90%,
07/15/31
25
21,989
3.70%,
01/15/39
50
42,132
Campbell
Soup
Co.
4.15%,
03/15/28
25
24,577
5.40%,
03/21/34
†
25
25,452
Capital
One
Financial
Corp.
6.38%
(SOFR+2.86%),
06/08/34
50
52,467
Centene
Corp.
3.00%,
10/15/30
150
131,274
3.38%,
02/15/30
50
45,103
4.62%,
12/15/29
50
48,162
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
2.25%,
01/15/29
25
21,877
2.80%,
04/01/31
25
20,988
3.85%,
04/01/61
50
30,212
5.05%,
03/30/29
100
98,153
5.38%,
04/01/38
25
22,587
5.38%,
05/01/47
25
20,709
5.50%,
04/01/63
25
19,976
6.48%,
10/23/45
100
94,676
6.65%,
02/01/34
50
51,700
Cheniere
Corpus
Christi
Holdings
LLC
5.12%,
06/30/27
50
50,260
Coca-Cola
Co.
3.45%,
03/25/30
50
47,619
Coca-Cola
Co./The
5.40%,
05/13/64
50
50,881
Conagra
Brands,
Inc.
1.38%,
11/01/27
50
44,818
Par
(000’s)
Value
United
States
(continued)
4.85%,
11/01/28
$
25
$
24,995
Constellation
Brands,
Inc.
2.25%,
08/01/31
25
21,033
3.15%,
08/01/29
50
46,384
Corning,
Inc.
5.45%,
11/15/79
†
25
23,850
Costco
Wholesale
Corp.
1.38%,
06/20/27
†
50
46,026
1.60%,
04/20/30
25
21,503
Deutsche
Bank
AG
2.13%
(SOFR+1.87%),
11/24/26
100
95,813
3.74%
(SOFR+2.26%),
01/07/33
75
63,217
Duke
Energy
Carolinas
LLC
3.20%,
08/15/49
25
17,404
4.95%,
01/15/33
75
75,846
Equinix,
Inc.
3.20%,
11/18/29
50
46,222
Fiserv,
Inc.
2.25%,
06/01/27
100
93,548
2.65%,
06/01/30
50
44,671
3.50%,
07/01/29
50
47,315
4.20%,
10/01/28
75
73,494
5.15%,
03/15/27
25
25,299
General
Mills,
Inc.
2.88%,
04/15/30
100
90,508
GLP
Capital
LP
/
GLP
Financing
II,
Inc.
5.30%,
01/15/29
50
49,949
HCA,
Inc.
2.38%,
07/15/31
50
42,071
4.12%,
06/15/29
75
72,379
5.12%,
06/15/39
25
23,851
5.25%,
06/15/26
25
25,064
5.50%,
06/15/47
125
119,411
Home
Depot,
Inc.
2.70%,
04/15/30
75
68,133
5.95%,
04/01/41
25
27,063
International
Flavors
&
Fragrances,
Inc.
144A
1.23%,
10/01/25
25
23,877
1.83%,
10/15/27
75
68,080
3.27%,
11/15/40
25
18,279
IQVIA,
Inc.
6.25%,
02/01/29
25
26,138
ITC
Holdings
Corp.
144A
4.95%,
09/22/27
†
25
25,108
Kellanova
3.25%,
04/01/26
25
24,338
Keurig
Dr.
Pepper,
Inc.
3.95%,
04/15/29
50
48,448
4.05%,
04/15/32
†
50
47,511
4.60%,
05/25/28
25
24,923
KeyBank
NA
4.15%,
08/08/25
†
50
49,364
KeyBank
NA/Cleveland
OH
5.85%,
11/15/27
25
25,340
VANECK
MOODY’S
ANALYTICS
IG
CORPORATE
BOND
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
4
Par
(000’s)
Value
United
States
(continued)
Kraft
Heinz
Foods
Co.
3.00%,
06/01/26
$
50
$
48,475
5.00%,
06/04/42
25
23,248
5.20%,
07/15/45
100
94,280
Kraft
Heinz
Foods
Co.
144A
7.12%,
08/01/39
75
87,103
Lowe's
Cos,
Inc.
3.00%,
10/15/50
25
16,148
4.45%,
04/01/62
†
25
20,029
5.80%,
09/15/62
75
74,793
McCormick
&
Co.,
Inc.
3.40%,
08/15/27
25
24,086
McDonald's
Corp.
2.12%,
03/01/30
25
21,912
3.50%,
07/01/27
25
24,270
3.60%,
07/01/30
†
25
23,659
3.62%,
09/01/49
50
37,244
3.80%,
04/01/28
†
75
73,131
4.45%,
03/01/47
25
21,528
4.70%,
12/09/35
75
73,482
4.88%,
12/09/45
50
46,223
6.30%,
10/15/37
50
55,549
Meta
Platforms,
Inc.
4.65%,
08/15/62
50
44,257
MetLife,
Inc.
144A
9.25%,
04/08/38
50
58,657
Metropolitan
Life
Global
Funding
I
144A
5.15%,
03/28/33
25
25,298
Mondelez
International,
Inc.
2.62%,
03/17/27
50
47,503
2.62%,
09/04/50
25
15,506
2.75%,
04/13/30
25
22,643
Nestle
Holdings,
Inc.
144A
3.50%,
09/24/25
25
24,659
4.00%,
09/12/25
50
49,632
5.00%,
03/14/28
50
50,917
Oracle
Corp.
3.85%,
07/15/36
75
64,967
4.12%,
05/15/45
100
80,446
4.30%,
07/08/34
50
46,820
4.38%,
05/15/55
50
40,306
5.38%,
07/15/40
100
97,641
6.50%,
04/15/38
50
55,015
O'Reilly
Automotive,
Inc.
3.60%,
09/01/27
25
24,185
Pacific
Gas
and
Electric
Co.
3.25%,
06/01/31
50
44,021
3.50%,
08/01/50
50
33,800
3.75%,
07/01/28
75
71,576
4.50%,
07/01/40
50
42,572
4.55%,
07/01/30
75
72,617
4.95%,
07/01/50
75
63,993
6.15%,
01/15/33
50
52,111
PepsiCo,
Inc.
2.38%,
10/06/26
50
47,846
2.75%,
03/19/30
75
68,699
2.75%,
10/21/51
50
33,006
Par
(000’s)
Value
United
States
(continued)
3.60%,
02/18/28
$
75
$
73,181
Philip
Morris
International,
Inc.
0.88%,
05/01/26
50
46,738
2.75%,
02/25/26
25
24,207
3.38%,
08/15/29
75
70,738
3.88%,
08/21/42
50
40,445
4.12%,
03/04/43
50
41,681
4.38%,
11/15/41
65
56,516
5.38%,
02/15/33
25
25,510
5.62%,
11/17/29
25
26,120
5.75%,
11/17/32
50
52,344
Public
Service
Co.
of
Colorado
1.88%,
06/15/31
50
41,082
Republic
Services,
Inc.
1.75%,
02/15/32
50
40,506
3.95%,
05/15/28
50
48,942
San
Diego
Gas
&
Electric
Co.
1.70%,
10/01/30
75
63,379
Sherwin-Williams
Co.
3.45%,
06/01/27
50
48,315
Southern
Co.
3.25%,
07/01/26
50
48,641
Sprint
Capital
Corp.
6.88%,
11/15/28
75
80,470
Sprint
LLC
7.62%,
03/01/26
75
77,097
Sysco
Corp.
3.75%,
10/01/25
25
24,631
Time
Warner
Cable
LLC
4.50%,
09/15/42
25
18,897
5.50%,
09/01/41
25
21,464
5.88%,
11/15/40
25
22,441
6.55%,
05/01/37
100
98,068
6.75%,
06/15/39
75
74,323
T-Mobile
USA,
Inc.
1.50%,
02/15/26
25
23,727
3.00%,
02/15/41
25
18,424
3.60%,
11/15/60
75
52,344
3.75%,
04/15/27
100
97,485
3.88%,
04/15/30
150
143,094
4.38%,
04/15/40
50
44,368
Tyson
Foods,
Inc.
3.55%,
06/02/27
50
48,242
5.10%,
09/28/48
25
22,465
5.70%,
03/15/34
25
25,607
UBS
AG/Stamford
CT
1.25%,
08/07/26
100
93,027
5.00%,
07/09/27
100
100,526
United
Rentals
North
America,
Inc.
144A
6.00%,
12/15/29
50
50,772
Verizon
Communications,
Inc.
2.35%,
03/15/32
50
41,843
3.00%,
11/20/60
25
15,488
3.70%,
03/22/61
†
75
54,204
5
FootnoteRuleAboveBlank
Footnotes:
Par
(000’s)
Value
United
States
(continued)
4.02%,
12/03/29
$
150
$
145,019
4.12%,
03/16/27
75
74,178
4.33%,
09/21/28
50
49,553
VICI
Properties
LP
4.75%,
02/15/28
50
49,472
5.12%,
05/15/32
50
48,806
5.62%,
05/15/52
25
23,016
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
144A
4.25%,
12/01/26
75
73,253
Vistra
Operations
Co.
LLC
144A
4.30%,
07/15/29
25
24,031
VMware
LLC
3.90%,
08/21/27
25
24,316
Westinghouse
Air
Brake
Technologies
Corp.
3.45%,
11/15/26
25
24,207
Par
(000’s)
Value
United
States
(continued)
Wipro
IT
Services
LLC
144A
1.50%,
06/23/26
$
25
$
23,498
9,225,553
Total
Corporate
Bonds
(Cost:
$13,015,866)
12,648,528
Number
of
Shares
SHORT-TERM
INVESTMENT
HELD
AS
COLLATERAL
FOR
SECURITIES
ON
LOAN:
0.4%
Money
Market
Fund:
0.4%
(Cost:
$46,584)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
46,584
46,584
Total
Investments:
98.7%
(Cost:
$13,062,450)
12,695,112
Other
assets
less
liabilities:
1.3%
166,398
NET
ASSETS:
100.0%
$
12,861,510
Definitions:
SOFR
Secured
Overnight
Financing
Rate
USD
United
States
Dollar
†
Security
fully
or
partially
on
loan.
Total
market
value
of
securities
on
loan
is
$681,803.
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
$3,179,019,
or
24.7%
of
net
assets.