VanEck Semiconductor ETF (SMH) NPORT-P VanEck Pharmaceutical ETF (Dec 2024 report)

VANECK

PHARMACEUTICAL

ETF

SCHEDULE

OF

INVESTMENTS

December

31,

2024

(unaudited)

1

FootnoteRuleAboveBlank

Footnotes:

Number

of

Shares

Value

COMMON

STOCKS

:

100.3%

Denmark

:

6.7%

Novo

Nordisk

A/S

(ADR)

462,985

$

39,825,970

Underline

France

:

4.7%

Sanofi

SA

(ADR)

580,890

28,016,325

Underline

Israel

:

4.3%

Teva

Pharmaceutical

Industries

Ltd.

(ADR) *

1,152,487

25,400,813

Underline

Japan

:

4.6%

Takeda

Pharmaceutical

Co.

Ltd.

(ADR) †

2,055,818

27,219,030

Underline

Switzerland

:

5.1%

Novartis

AG

(ADR) †

312,336

30,393,416

Underline

United

Kingdom

:

14.2%

AstraZeneca

Plc

(ADR)

459,560

30,110,371

GSK

Plc

(ADR) †

809,199

27,367,110

Haleon

Plc

(ADR) †

2,853,317

27,220,644

84,698,125

United

States

:

60.7%

AbbVie,

Inc.

227,624

40,448,785

Bausch

Health

Cos,

Inc. *

223,420

1,800,765

Bristol-Myers

Squibb

Co.

492,090

27,832,610

Cencora,

Inc.

120,216

27,010,131

Elanco

Animal

Health,

Inc. *

276,572

3,349,287

Eli

Lilly

&

Co.

103,128

79,614,816

Number

of

Shares

Value

United

States

(continued)

Jazz

Pharmaceuticals

Plc *

47,966

$

5,907,013

Johnson

&

Johnson

287,705

41,607,897

McKesson

Corp.

48,339

27,548,880

Merck

&

Co.,

Inc.

321,913

32,023,905

Organon

&

Co. †

199,097

2,970,527

Patterson

Companies,

Inc.

57,495

1,774,296

Perrigo

Co.

Plc

95,754

2,461,835

Pfizer,

Inc.

1,104,911

29,313,289

Viatris,

Inc.

910,598

11,336,945

Zoetis,

Inc.

157,346

25,636,385

360,637,366

Total

Common

Stocks

(Cost:

$660,751,538)

596,191,045

SHORT-TERM

INVESTMENT

HELD

AS

COLLATERAL

FOR

SECURITIES

ON

LOAN:

1.4%

Money

Market

Fund:

1.4%

(Cost:

$8,241,126)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

8,241,126

8,241,126

Total

Investments:

101.7%

(Cost:

$668,992,664)

604,432,171

Liabilities

in

excess

of

other

assets:

(1.7)%

(9,868,243)

NET

ASSETS:

100.0%

$

594,563,928

Definitions:

ADR

American

Depositary

Receipt

*

Non-income

producing

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$81,845,814.