Van Eck Funds NPORT-P Global Resources Fund (Mar 2022 report)

VANECK GLOBAL RESOURCES FUND

SCHEDULE OF INVESTMENTS

March 31, 2022 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 96.9%
Australia: 3.2%
Allkem Ltd. # *		266,649	$	2,250,620
Ecograf Ltd. # * †		1,509,381		638,071
Glencore Plc (GBP) #		3,106,300		20,211,773
Piedmont Lithium, Inc. (USD) *		146,900		10,722,231
				33,822,695
Brazil: 2.3%
Vale SA (ADR)		942,500		18,840,575
Yara International ASA (NOK) #		99,600		4,980,847
				23,821,422
British Virgin Islands: 0.1%
Talon Metals Corp. (CAD) * †		1,620,200		1,101,604
Canada: 8.6%
Agnico Eagle Mines Ltd. (USD)		278,606		17,061,831
Barrick Gold Corp. (USD)		753,145		18,474,647
Euro Manganese, Inc. (AUD) # *		2,192,472		675,714
Kinross Gold Corp. (USD)		1,711,700		10,064,796
Nouveau Monde Graphite, Inc. (USD) * †		185,800		1,287,594
Nutrien Ltd. (USD)		414,471		43,100,839
				90,665,421
Chile: 1.7%
Lundin Mining Corp. (CAD)		1,768,500		17,923,365
Finland: 0.5%
Neste Oyj #		119,800		5,462,059
Netherlands: 0.5%
OCI NV # *		143,409		5,062,976
Norway: 4.3%
Equinor ASA (ADR)		928,700		34,835,537
FREYR Battery SA (USD) * †		481,200		5,899,512
FREYR Battery SA (USD) * ø		350,000		4,291,000
				45,026,049
South Africa: 5.4%
Anglo American Plc (GBP) #		689,900		35,848,804
Sibanye Stillwater Ltd. (ADR) †		1,313,200		21,313,236
				57,162,040
Spain: 0.1%
Soltec Power Holdings SA # * †		125,400		733,761
Turkey: 0.6%
Eldorado Gold Corp. (USD) *		524,400		5,878,524
United Kingdom: 0.8%
Endeavour Mining Plc (CAD)		343,400		8,518,045
United States: 64.5%
Baker Hughes Co.		477,000		17,367,570
Benson Hill, Inc. *		312,700		1,010,021
Benson Hill, Inc. * ø		190,000		613,700
Bunge Ltd.		270,000		29,918,700
ChampionX Corp. *		349,000		8,543,520
Chart Industries, Inc. * †		95,234		16,358,344
Chesapeake Energy Corp. †		124,600		10,840,200
Chevron Corp.		172,300		28,055,609
ConocoPhillips		317,241		31,724,100
Corteva, Inc.		394,866		22,696,898
Coterra Energy, Inc.		1,132,632		30,547,085
Darling Ingredients, Inc. *		122,300		9,830,474

	Number of Shares		Value
United States (continued)
Devon Energy Corp.		621,332	$	36,739,361
Diamondback Energy, Inc.		258,168		35,389,669
Enphase Energy, Inc. *		83,800		16,909,164
EQT Corp.		768,700		26,450,967
ESS Tech, Inc. * ø		190,000		1,058,300
EVgo, Inc. * ø		308,000		3,960,880
Fluence Energy, Inc. *		36,300		475,893
FMC Corp.		148,300		19,511,831
Freeport-McMoRan, Inc.		807,000		40,140,180
Halliburton Co.		462,600		17,518,662
Hannon Armstrong Sustainable Infrastructure Capital, Inc. †		552,591		26,209,391
Kirby Corp. *		195,200		14,091,488
Liberty Oilfield Services, Inc. *		1,183,450		17,538,729
Mosaic Co.		243,600		16,199,400
MP Materials Corp. *		265,600		15,229,504
Newmont Corp.		331,855		26,365,880
Ormat Technologies, Inc. †		142,100		11,628,043
Pioneer Natural Resources Co.		147,588		36,901,428
SolarEdge Technologies, Inc. *		121,800		39,264,666
Solid Power, Inc.		85,000		736,950
Stem, Inc. * †		634,832		6,989,500
Stem, Inc. * ø		362,000		3,985,620
TuSimple Holdings, Inc. *		105,430		1,286,246
Tyson Foods, Inc.		200,800		17,997,704
Union Pacific Corp.		25,500		6,966,855
Valero Energy Corp.		293,700		29,822,298
				676,874,830
Zambia: 4.3%
First Quantum Minerals Ltd. (CAD)		1,319,300		45,673,962
Total Common Stocks (Cost: $587,244,946)				1,017,726,753
WARRANTS: 0.1%
Norway: 0.1%
FREYR Battery SA, USD 11.50, exp. 09/01/27		120,350		507,877
United States: 0.0%
Benson Hill, Inc., USD 11.50, exp. 12/24/25		74,875		33,694
Total Warrants (Cost: $216,758)				541,571
MONEY MARKET FUND: 4.1% (Cost: $43,223,968)
Invesco Treasury Portfolio - Institutional Class		43,223,968		43,223,968
Total Investments Before Collateral for Securities Loaned: 101.1% (Cost: $630,685,672)				1,061,492,292

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VANECK GLOBAL RESOURCES FUND

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

	Number of Shares	Value
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.2% (Cost: $12,910,371)

	Number of Shares		Value
Money Market Fund: 1.2%
State Street Navigator Securities Lending Government Money Market Portfolio		12,910,371	$	12,910,371
Total Investments: 102.3% (Cost: $643,596,043)				1,074,402,663
Liabilities in excess of other assets: (2.3)%				(24,329,256)
NET ASSETS: 100.0%			$	1,050,073,407

Definitions:
ADR	American Depositary Receipt
AUD	Australia Dollar
CAD	Canadian Dollar
GBP	British Pound
NOK	Norwegian Krone
USD	United States Dollar

Footnotes:
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $75,864,625 which represents 7.2% of net assets.
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $37,733,221.
ø	Restricted Security – the aggregate value of restricted securities is $13,909,500, or 1.3% of net assets

Restricted securities held by the Fund as of March 31, 2022 are as follows:

Security	Acquisition Date	Number of Shares		Acquisition Cost		Value		% of Net Assets
Benson Hill, Inc.	09/29/2021		190,000		$1,900,000		$613,700		0.0	%
ESS Tech, Inc.	10/08/2021		190,000		1,900,000		1,058,300		0.1	%
EVgo, Inc.	06/30/2021		308,000		3,080,000		3,960,880		0.4	%
FREYR Battery SA	07/06/2021		350,000		3,500,000		4,291,000		0.4	%
Stem, Inc.	04/28/2021		362,000		3,620,000		3,985,620		0.4	%
					$14,000,000		$13,909,500		1.3	%

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Consumer Cyclical		0.4	%	$	3,960,880
Consumer Staples		5.5			58,790,593
Energy		34.6			367,736,794
Financials		2.5			26,209,391
Industrials		6.0			63,381,346
Information Technology		5.3			56,173,830
Materials		40.5			430,387,447
Utilities		1.1			11,628,043
Money Market Fund		4.1			43,223,968
		100.0	%	$	1,061,492,292

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