VanEck Semiconductor ETF (SMH) NPORT-P VanEck Morningstar ESG Moat ETF (Dec 2024 report)

VANECK

MORNINGSTAR

ESG

MOAT

ETF

SCHEDULE

OF

INVESTMENTS

December

31,

2024

(unaudited)

1

Number

of

Shares

Value

COMMON

STOCKS:

99.8%

Automobiles

&

Components

:

1.1%

Harley-Davidson,

Inc.

2,353

$

70,896

Underline

Banks

:

1.5%

US

Bancorp

2,027

96,951

Underline

Capital

Goods

:

6.3%

Allegion

plc

1,240

162,043

Masco

Corp.

2,174

157,767

Otis

Worldwide

Corp.

822

76,125

395,935

Commercial

&

Professional

Services

:

5.2%

Equifax,

Inc.

632

161,065

TransUnion

1,821

168,824

329,889

Consumer

Discretionary

Distribution

&

Retail

:

2.5%

Etsy,

Inc. *

1,380

72,988

Lowe's

Companies,

Inc.

355

87,614

160,602

Consumer

Durables

&

Apparel

:

2.3%

NIKE,

Inc.

1,032

78,091

Polaris,

Inc.

1,249

71,967

150,058

Consumer

Services

:

2.5%

Yum!

Brands,

Inc.

1,163

156,028

Underline

Consumer

Staples

Distribution

&

Retail

:

1.4%

Sysco

Corp.

1,120

85,635

Underline

Financial

Services

:

13.1%

Blackrock,

Inc.

102

104,561

CME

Group,

Inc.

413

95,911

Intercontinental

Exchange,

Inc.

583

86,873

Jack

Henry

&

Associates,

Inc.

490

85,897

MarketAxess

Holdings,

Inc.

347

78,436

Mastercard,

Inc.

177

93,203

Northern

Trust

Corp.

975

99,938

State

Street

Corp.

1,107

108,652

T

Rowe

Price

Group,

Inc.

676

76,449

829,920

Food,

Beverage

&

Tobacco

:

8.3%

Brown-Forman

Corp.

1,809

68,706

Constellation

Brands,

Inc.

657

145,197

Mondelez

International,

Inc.

1,289

76,992

PepsiCo,

Inc.

1,012

153,885

The

Campbell's

Company

1,893

79,279

524,059

Health

Care

Equipment

&

Services

:

5.1%

GE

HealthCare

Technologies,

Inc.

984

76,929

Veeva

Systems,

Inc. *

790

166,098

Zimmer

Biomet

Holdings,

Inc.

761

80,384

323,411

Number

of

Shares

Value

Household

&

Personal

Products

:

2.5%

Clorox

Co.

494

$

80,231

Estee

Lauder

Cos,

Inc.

1,002

75,130

Number

of

Shares

Value

Household

&

Personal

Products

(continued)

$

155,361

Materials

:

3.6%

Air

Products

and

Chemicals,

Inc.

282

81,791

International

Flavors

&

Fragrances,

Inc.

1,752

148,132

229,923

Media

&

Entertainment

:

6.3%

Alphabet,

Inc.

839

158,823

Comcast

Corp.

2,085

78,250

Walt

Disney

Co.

1,497

166,691

403,764

Pharmaceuticals,

Biotechnology

&

Life

Sciences

:

14.2%

Agilent

Technologies,

Inc.

598

80,335

Amgen,

Inc.

265

69,070

Bio-Rad

Laboratories,

Inc. *

238

78,185

Danaher

Corp.

346

79,424

Gilead

Sciences,

Inc.

881

81,378

Merck

&

Co.,

Inc.

816

81,176

Pfizer,

Inc.

3,226

85,586

Thermo

Fisher

Scientific,

Inc.

290

150,867

Waters

Corp. *

267

99,052

West

Pharmaceutical

Services,

Inc.

256

83,855

888,928

Real

Estate

Management

&

Development

:

1.1%

CoStar

Group,

Inc. *

1,005

71,948

Underline

Semiconductors

&

Semiconductor

Equipment

:

8.6%

Analog

Devices,

Inc.

375

79,673

Applied

Materials,

Inc.

476

77,412

KLA

Corp.

125

78,765

Microchip

Technology,

Inc.

1,323

75,874

Monolithic

Power

Systems,

Inc.

130

76,921

NXP

Semiconductors

NV

370

76,905

Teradyne,

Inc.

677

85,248

550,798

Software

&

Services

:

14.2%

Adobe,

Inc. *

319

141,853

Autodesk,

Inc. *

351

103,745

Microsoft

Corp.

181

76,292

Palo

Alto

Networks,

Inc. *

485

88,251

Salesforce,

Inc.

330

110,329

ServiceNow,

Inc. *

108

114,493

Tyler

Technologies,

Inc. *

294

169,531

Workday,

Inc. *

374

96,503

900,997

Total

Common

Stocks

(Cost:

$5,929,075)

6,325,103

Total

Investments:

99.8%

(Cost:

$5,929,075)

6,325,103

Other

assets

less

liabilities:

0.2%

13,643

NET

ASSETS:

100.0%

$

6,338,746

VANECK

MORNINGSTAR

ESG

MOAT

ETF

SCHEDULE

OF

INVESTMENTS

(continued)

2

FootnoteRuleAboveBlank

Footnotes:

*

Non-income

producing