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

VANECK

MORNINGSTAR

SMID

MOAT

ETF

SCHEDULE

OF

INVESTMENTS

December

31,

2024

(unaudited)

1

Number

of

Shares

Value

COMMON

STOCKS:

99.9%

Automobiles

&

Components

:

1.9%

BorgWarner,

Inc.

76,359

$

2,427,453

Gentex

Corp.

170,854

4,908,635

7,336,088

Banks

:

0.7%

Truist

Financial

Corp.

58,682

2,545,625

Underline

Capital

Goods

:

8.2%

Allegion

plc

36,923

4,825,098

Chart

Industries,

Inc. *

13,545

2,584,928

CNH

Industrial

NV

222,915

2,525,627

Fortive

Corp.

34,229

2,567,175

Fortune

Brands

Innovations,

Inc.

34,229

2,338,868

Huntington

Ingalls

Industries,

Inc.

9,460

1,787,656

L3Harris

Technologies,

Inc.

11,707

2,461,748

Masco

Corp.

33,767

2,450,471

Otis

Worldwide

Corp.

26,708

2,473,428

Sensata

Technologies

Holding

Plc

71,505

1,959,237

WESCO

International,

Inc.

29,592

5,354,968

31,329,204

Commercial

&

Professional

Services

:

3.3%

Equifax,

Inc.

10,198

2,598,960

SS&C

Technologies

Holdings,

Inc.

68,097

5,160,391

TransUnion

51,159

4,742,951

12,502,302

Consumer

Discretionary

Distribution

&

Retail

:

6.3%

Asbury

Automotive

Group,

Inc. *

21,923

5,327,947

AutoNation,

Inc. *

30,751

5,222,750

Bath

&

Body

Works,

Inc.

69,886

2,709,480

CarMax,

Inc. *

62,952

5,146,956

Lithia

Motors,

Inc.

16,276

5,817,531

24,224,664

Consumer

Durables

&

Apparel

:

4.0%

Brunswick

Corp.

67,817

4,386,404

Hasbro,

Inc.

78,419

4,384,406

Tapestry,

Inc.

100,688

6,577,946

15,348,756

Consumer

Services

:

8.7%

Carnival

Corp. *

244,113

6,083,296

DoorDash,

Inc. *

18,528

3,108,072

DraftKings,

Inc. *

127,983

4,760,968

Expedia

Group,

Inc. *

32,718

6,096,345

Las

Vegas

Sands

Corp.

49,209

2,527,374

Norwegian

Cruise

Line

Holdings

Ltd. *

222,892

5,735,011

Wyndham

Hotels

&

Resorts,

Inc.

30,862

3,110,581

Wynn

Resorts

Ltd.

28,142

2,424,715

33,846,362

Energy

:

0.7%

Hess

Corp.

18,825

2,503,913

Underline

Number

of

Shares

Value

Financial

Services

:

12.0%

Block,

Inc. *

36,929

$

3,138,596

Capital

One

Financial

Corp.

17,705

3,157,156

Carlyle

Group,

Inc.

110,765

5,592,525

Discover

Financial

Services

18,727

3,244,078

Global

Payments,

Inc.

22,887

2,564,717

Invesco

Ltd.

155,007

2,709,522

Jack

Henry

&

Associates,

Inc.

14,981

2,626,169

LPL

Financial

Holdings,

Inc.

19,545

6,381,637

MarketAxess

Holdings,

Inc.

21,190

4,789,788

Raymond

James

Financial,

Inc.

20,998

3,261,619

SEI

Investments

Co.

36,733

3,029,738

Western

Union

Co.

455,861

4,832,127

45,327,672

Food,

Beverage

&

Tobacco

:

2.5%

General

Mills,

Inc.

40,908

2,608,703

Kraft

Heinz

Co.

70,172

2,154,982

The

Campbell's

Company

112,669

4,718,578

9,482,263

Health

Care

Equipment

&

Services

:

7.6%

Align

Technology,

Inc. *

11,187

2,332,601

Baxter

International,

Inc.

63,115

1,840,433

Centene

Corp. *

33,152

2,008,348

Edwards

Lifesciences

Corp. *

36,302

2,687,437

GE

HealthCare

Technologies,

Inc.

60,276

4,712,378

Labcorp

Holdings,

Inc.

11,674

2,677,082

ResMed,

Inc.

10,902

2,493,178

STERIS

Plc

12,782

2,627,468

Veeva

Systems,

Inc. *

22,949

4,825,027

Zimmer

Biomet

Holdings,

Inc.

23,565

2,489,171

28,693,123

Household

&

Personal

Products

:

2.0%

Kenvue,

Inc.

228,902

4,887,058

Kimberly-Clark

Corp.

20,515

2,688,286

7,575,344

Materials

:

11.0%

Amcor

Plc

267,410

2,516,328

Ball

Corp.

46,672

2,573,027

Celanese

Corp.

20,761

1,436,869

Corteva,

Inc.

88,867

5,061,864

CROWN

HOLDINGS

INC

30,455

2,518,324

Dow,

Inc.

48,962

1,964,845

DuPont

de

Nemours,

Inc.

63,342

4,829,828

Eastman

Chemical

Co.

51,675

4,718,961

FMC

Corp.

47,466

2,307,322

International

Flavors

&

Fragrances,

Inc.

54,357

4,595,884

LyondellBasell

Industries

NV

26,414

1,961,768

Scotts

Miracle-Gro

Co.

36,928

2,449,804

Sealed

Air

Corp.

149,937

5,072,369

42,007,193

Media

&

Entertainment

:

4.7%

Interpublic

Group

of

Cos,

Inc.

168,764

4,728,767

Live

Nation

Entertainment,

Inc. *

25,048

3,243,716

Omnicom

Group,

Inc.

54,053

4,650,720

VANECK

MORNINGSTAR

SMID

MOAT

ETF

SCHEDULE

OF

INVESTMENTS

(continued)

2

FootnoteRuleAboveBlank

Footnotes:

Number

of

Shares

Value

Media

&

Entertainment

(continued)

Pinterest,

Inc. *

83,373

$

2,417,817

Roblox

Corp. *

51,027

2,952,422

17,993,442

Pharmaceuticals,

Biotechnology

&

Life

Sciences

:

7.0%

Agilent

Technologies,

Inc.

36,689

4,928,800

Bio-Rad

Laboratories,

Inc. *

7,846

2,577,489

Bio-Techne

Corp.

34,884

2,512,695

Incyte

Corp. *

75,668

5,226,389

Ionis

Pharmaceuticals,

Inc. *

57,870

2,023,135

IQVIA

Holdings,

Inc. *

10,408

2,045,276

Revvity,

Inc.

43,374

4,840,972

Royalty

Pharma

Plc

89,332

2,278,859

26,433,615

Real

Estate

Investment

Trusts

:

0.5%

Crown

Castle,

Inc.

20,624

1,871,834

Underline

Semiconductors

&

Semiconductor

Equipment

:

3.0%

Microchip

Technology,

Inc.

31,759

1,821,379

Monolithic

Power

Systems,

Inc.

4,295

2,541,352

Skyworks

Solutions,

Inc.

23,517

2,085,488

Teradyne,

Inc.

40,385

5,085,279

11,533,498

Software

&

Services

:

6.4%

Cloudflare,

Inc. *

30,208

3,252,797

Cognizant

Technology

Solutions

Corp.

64,538

4,962,972

Number

of

Shares

Value

Software

&

Services

(continued)

Elastic

NV *

31,830

$

3,153,716

Smartsheet,

Inc. *

47,821

2,679,411

Zoom

Communications,

Inc. *

66,098

5,394,258

Zscaler,

Inc. *

27,525

4,965,785

24,408,939

Technology

Hardware

&

Equipment

:

2.7%

Littelfuse,

Inc.

20,522

4,836,009

Vontier

Corp.

144,892

5,284,211

10,120,220

Telecommunication

Services

:

0.4%

Liberty

Global

Ltd. *

123,163

1,618,362

Underline

Transportation

:

1.3%

Lyft,

Inc. *

388,479

5,011,379

Underline

Utilities

:

5.0%

Entergy

Corp.

40,109

3,041,064

Essential

Utilities,

Inc.

69,380

2,519,882

Evergy,

Inc.

43,030

2,648,497

FirstEnergy

Corp.

66,786

2,656,747

NiSource,

Inc.

72,522

2,665,909

Portland

General

Electric

Co.

59,332

2,588,062

WEC

Energy

Group,

Inc. †

28,024

2,635,377

18,755,538

Total

Common

Stocks

(Cost:

$367,383,953)

380,469,336

Total

Investments:

99.9%

(Cost:

$367,383,953)

380,469,336

Other

assets

less

liabilities:

0.1%

390,175

NET

ASSETS:

100.0%

$

380,859,511

*

Non-income

producing

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$2,371,783.