Van Eck Funds NPORT-P VanEck Emerging Markets Bond Fund (Mar 2022 report)

EMERGING MARKETS BOND FUND

SCHEDULE OF INVESTMENTS

March 31, 2022 (unaudited)

		Par   (000’s		)	Value
CORPORATE BONDS: 30.9%
Argentina: 2.0%
YPF SA 144A 4.00%, 02/12/26 (s)	USD		73		$	65,044
YPF SA Reg S 8.50%, 07/28/25	USD		244			209,038
						274,082
Bahrain: 0.5%
Oil and Gas Holding Co. BSCC Reg S 7.50%, 10/25/27	USD		71			75,011
Brazil: 0.7%
CSN Inova Ventures Reg S 6.75%, 01/28/28	USD		100			103,737
Cayman Islands: 0.7%
SA Global Sukuk Ltd. 144A 0.95%, 06/17/24 †	USD		106			101,537
China: 1.2%
China Evergrande Group Reg S 8.25%, 03/23/22	USD		331			44,685
Kaisa Group Holdings Ltd. Reg S 8.50%, 06/30/22	USD		317			59,120
Sunac China Holdings Ltd. Reg S 8.35%, 04/19/23	USD		207			61,686
						165,491
Colombia: 1.6%
Colombia Telecomunicaciones SA ESP Reg S 4.95%, 07/17/30	USD		110			100,960
Ecopetrol SA 4.62%, 11/02/31	USD		37			33,661
Promigas SA ESP / Gases del Pacifico SAC Reg S 3.75%, 10/16/29	USD		90			81,682
						216,303
Georgia: 1.3%
Georgia Global Utilities JSC 144A 7.75%, 07/30/25	USD		115			115,575
Silknet JSC 144A 8.38%, 01/31/27	USD		64			62,720
						178,295
Hong Kong: 0.3%
Shimao Group Holdings Ltd. Reg S 5.60%, 07/15/26	USD		137			39,730
India: 1.0%
Periama Holdings LLC Reg S 5.95%, 04/19/26	USD		138			140,863
Indonesia: 0.7%
Star Energy Geothermal Wayang Windu Ltd. Reg S 6.75%, 04/24/33	USD		89			93,961
Ireland: 0.8%
Aragvi Finance International DAC 144A 8.45%, 04/29/26	USD		145			118,175

		Par   (000’s		)	Value
Kazakhstan: 1.2%
Development Bank of Kazakhstan JSC 144A 10.95%, 05/06/26	KZT		93,500		$	166,714
Malaysia: 1.8%
Petronas Capital Ltd. Reg S
2.48%, 01/28/32 †	USD		238			222,010
3.50%, 04/21/30	USD		23			23,452
						245,462
Mauritius: 0.9%
India Clean Energy Holdings 144A 4.50%, 04/18/27	USD		144			132,120
Mexico: 5.6%
America Movil SAB de CV 144A 5.38%, 04/04/32	USD		69			69,488
Corp. GEO SAB de CV Reg S 9.25%, 06/30/20 (d)	USD		380			8
Cydsa SAB de CV Reg S 6.25%, 10/04/27	USD		107			104,004
Petróleos Mexicanos
6.49%, 01/23/27	USD		236			240,259
6.62%, 06/15/35	USD		179			160,760
6.88%, 08/04/26	USD		127			133,018
7.69%, 01/23/50	USD		80			70,016
						777,553
Nigeria: 0.7%
SEPLAT Energy Plc 144A 7.75%, 04/01/26 †	USD		102			98,348
Norway: 0.4%
DNO ASA 144A Reg S 7.88%, 09/09/26	USD		50			49,688
Saudi Arabia: 1.0%
Dar Al-Arkan Sukuk Co. Ltd. Reg S 6.75%, 02/15/25	USD		140			140,932
Singapore: 1.0%
SingTel Group Treasury Pte Ltd. Reg S 2.38%, 08/28/29	USD		140			132,510
South Africa: 1.8%
Eskom Holdings SOC Ltd. 144A 8.45%, 08/10/28 †	USD		254			248,383
South Korea: 1.0%
LG Chem Ltd. Reg S 2.38%, 07/07/31	USD		159			143,572
Taiwan: 0.5%
TSMC Global Ltd. Reg S 2.25%, 04/23/31	USD		73			66,877
Thailand: 1.4%
GC Treasury Center Co. Ltd. 144A 4.40%, 03/30/32 †	USD		56			56,906
GC Treasury Center Co. Ltd. Reg S

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EMERGING MARKETS BOND FUND

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

		Par   (000’s		)	Value
Thailand (continued)
2.98%, 03/18/31 †	USD		42		$	38,546
PTTEP Treasury Center Co. Ltd. Reg S 2.59%, 06/10/27	USD		107			102,633
						198,085
United Arab Emirates: 1.1%
Alpha Star Holding III Ltd. Reg S 6.25%, 04/20/22	USD		151			151,161
United States: 0.9%
AES Panama Generation Holdings SRL Reg S 4.38%, 05/31/30	USD		133			126,951
Uzbekistan: 0.8%
Uzauto Motors AJ 144A 4.85%, 05/04/26	USD		130			116,025
Total Corporate Bonds (Cost: $4,932,478)						4,301,566
GOVERNMENT OBLIGATIONS: 67.4%
Angola: 0.6%
Angolan Government International Bond 144A 9.50%, 11/12/25	USD		76			83,399
Argentina: 0.9%
Argentine Republic Government International Bond 2.50%, 07/09/41 (s)	USD		374			131,446
Provincia de Buenos Aires Reg S
3.50%, 09/01/37 (s)	USD		0	(a)		168
3.90%, 09/01/37 (s)	USD		0	(a)		32
						131,646
Armenia: 0.2%
Republic of Armenia Treasury Bonds 8.00%, 10/29/31	AMD		17,610			30,153
Azerbaijan: 0.7%
Republic of Azerbaijan International Bond Reg S 3.50%, 09/01/32	USD		104			97,278
Bolivia: 0.1%
Bolivian Government International Bond Reg S 4.50%, 03/20/28	USD		24			21,120
Brazil: 7.4%
Brazil Notas do Tesouro Nacional, Serie F 10.00%, 01/01/33	BRL		1,061			200,228
Brazil Notas do Tesouro Nacional, Series F
10.00%, 01/01/23	BRL		2,100			431,379
10.00%, 01/01/31	BRL		2,077			398,837
						1,030,444

		Par   (000’s		)	Value
Chile: 3.0%
Bonos de la Tesoreria de la Republica en pesos 144A Reg S 5.80%, 06/01/24	CLP		335,000		$	415,000
Colombia: 3.5%
Colombia Government International Bond
3.12%, 04/15/31	USD		85			72,122
6.12%, 01/18/41	USD		53			51,665
Colombian TES 7.50%, 08/26/26	COP		1,437,000			356,663
						480,450
Costa Rica: 0.4%
Costa Rica Government International Bond Reg S 6.12%, 02/19/31	USD		54			54,743
Czech Republic: 1.9%
Czech Republic Government Bond 1.20%, 03/13/31	CZK		5,600			206,167
Czech Republic Government Bond Reg S 0.95%, 05/15/30	CZK		1,680			61,739
						267,906
Dominican Republic: 0.9%
Dominican Republic International Bond 144A 5.50%, 02/22/29	USD		15			14,903
Dominican Republic International Bond Reg S
5.95%, 01/25/27	USD		52			53,560
6.85%, 01/27/45 †	USD		56			55,511
						123,974
Ecuador: 2.8%
Ecuador Government International Bond 144A 5.00%, 07/31/30 (s)	USD		179			150,362
Ecuador Government International Bond Reg S 5.00%, 07/31/30 (s)	USD		278			233,523
						383,885
Gabon: 0.2%
Gabon Government International Bond 144A 6.95%, 06/16/25	USD		28			28,487
Georgia: 0.5%
Georgia Treasury Bond 8.00%, 02/04/23	GEL		204			65,490
Ghana: 1.7%
Ghana Government International Bond 144A
8.12%, 01/18/26	USD		161			137,181
8.62%, 04/07/34	USD		135			96,694
						233,875
Guatemala: 0.4%
Guatemala Government Bond Reg S

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		Par   (000’s		)	Value
Guatemala (continued)
4.50%, 05/03/26	USD		56		$	56,977
Hungary: 2.3%
Hungary Government International Bond Reg S 3.12%, 09/21/51	USD		389			327,258
Indonesia: 5.0%
Indonesia Treasury Bond
5.50%, 04/15/26	IDR		3,120,000			218,065
7.00%, 09/15/30	IDR		3,900,000			276,675
7.50%, 06/15/35	IDR		2,900,000			207,631
						702,371
Israel: 1.0%
Israel Government Bond 1.50%, 05/31/37	ILS		517			139,236
Ivory Coast: 0.3%
Ivory Coast Government International Bond Reg S 5.75%, 12/31/32 (s)	USD		37			36,858
Jamaica: 0.7%
Jamaica Government International Bond 6.75%, 04/28/28	USD		87			96,135
Jordan: 0.3%
Jordan Government International Bond Reg S 4.95%, 07/07/25	USD		40			39,957
Kazakhstan: 0.1%
Kazakhstan Government Bond - MEUKAM 10.40%, 05/19/27	KZT		10,000			19,963
Kenya: 0.4%
Republic of Kenya Government International Bond 144A 7.00%, 05/22/27	USD		52			50,256
Kuwait: 0.6%
Kuwait International Government Bond Reg S 3.50%, 03/20/27	USD		87			90,705
Malaysia: 3.3%
Malaysia Government Bond 3.48%, 06/14/24	MYR		1,920			462,313
Morocco: 0.3%
Morocco Government International Bond 144A 2.38%, 12/15/27 †	USD		39			35,684
Oman: 1.7%
Oman Government International Bond 144A
6.25%, 01/25/31	USD		163			173,010
7.38%, 10/28/32	USD		57			65,348
						238,358
Paraguay: 0.4%
Paraguay Government International Bond Reg S

		Par   (000’s		)	Value
Paraguay (continued)
4.95%, 04/28/31	USD		52		$	54,536
Peru: 3.3%
Peru Government Bond
5.35%, 08/12/40	PEN		789			177,619
6.15%, 08/12/32	PEN		1,079			283,012
						460,631
Philippines: 2.9%
Philippine Government International Bond
3.90%, 11/26/22	PHP		7,711			148,841
6.25%, 01/14/36	PHP		12,044			255,706
						404,547
Poland: 3.0%
Republic of Poland Government Bond
2.50%, 07/25/26	PLN		964			202,745
4.00%, 10/25/23	PLN		899			209,564
						412,309
Qatar: 1.3%
Qatar Government International Bond 144A 3.25%, 06/02/26	USD		81			82,665
Qatar Government International Bond Reg S 3.25%, 06/02/26	USD		93			94,911
						177,576
Romania: 1.5%
Romanian Government International Bond 144A 4.00%, 02/14/51	USD		122			106,383
Romanian Government International Bond Reg S 4.00%, 02/14/51	USD		120			104,639
						211,022
Saudi Arabia: 1.0%
Saudi Government International Bond 144A 4.62%, 10/04/47	USD		130			139,857
Senegal: 0.3%
Senegal Government International Bond 144A 6.25%, 05/23/33	USD		42			39,751
South Africa: 4.7%
Republic of South Africa Government Bond
8.50%, 01/31/37	ZAR		9,359			546,617
8.88%, 02/28/35	ZAR		1,662			102,245
						648,862
Sri Lanka: 1.0%
Sri Lanka Government International Bond Reg S
5.75%, 04/18/23	USD		54			27,405
5.88%, 07/25/22	USD		161			109,480
						136,885
Thailand: 1.0%
Thailand Government Bond 0.95%, 06/17/25	THB		4,000			119,265

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EMERGING MARKETS BOND FUND

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

		Par   (000’s		)	Value
Thailand (continued)
2.88%, 12/17/28	THB		427		$	13,414
						132,679
Tunisia: 0.9%
Tunisian Republic Reg S 6.75%, 10/31/23	EUR		161			129,862
United Arab Emirates: 0.3%
Abu Dhabi Government International Bond 144A 3.12%, 09/30/49	USD		40			36,725
Uruguay: 1.4%
Uruguay Government International Bond 8.25%, 05/21/31	UYU		3,043			71,034
Uruguay Government International Bond Reg S 8.50%, 03/15/28	UYU		4,951			118,162
						189,196
Uzbekistan: 0.6%
Republic of Uzbekistan International Bond 144A 14.00%, 07/19/24	UZS		1,150,000			88,582

		Par   (000’s		)	Value
Zambia: 2.6%
Zambia Government Bond
13.00%, 01/25/31	ZMW		7,765		$	262,577
13.00%, 09/20/31	ZMW		470			15,532
13.00%, 12/27/31	ZMW		890			29,160
14.00%, 05/31/36	ZMW		1,520			49,306
						356,575
Total Government Obligations (Cost: $9,244,665)						9,363,516
Total Investments Before Collateral for Securities Loaned: 98.3% (Cost: $14,177,143)						13,665,082
			Number of Shares
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 5.9% (Cost: $820,887)
Money Market Fund: 5.9%
State Street Navigator Securities Lending Government Money Market Portfolio			820,887			820,887
Total Investments: 104.2% (Cost: $14,998,030)						14,485,969
Liabilities in excess of other assets: (4.2)%						(583,583	)
NET ASSETS: 100.0%					$	13,902,386

Definitions:

AMD	Armenian Dram
BRL	Brazilian Real
CLP	Chilean Peso
COP	Colombian Peso
CZK	Czech Koruna
EUR	Euro
GEL	Georgian Lari
IDR	Indonesian Rupiah
ILS	Israeli Shekel
KZT	Kazakhstan Tenge
MYR	Malaysian Ringgit
PEN	Peruvian Nuevo Sol
PHP	Philippine Peso
PLN	Polish Zloty
THB	Thai Baht
USD	United States Dollar
UYU	Uruguayan Peso
UZS	Uzbekistani Som
ZAR	South African Rand
ZMW	Zambian Kwacha

Footnotes:

(s)	The rate shown reflects the rate in effect at the end of the reporting period. Coupon adjusts periodically based upon a predetermined schedule
†	Security fully or partially on loan. Total market value of securities on loan is $790,423.
(d)	Security in default
(a)	Amount is less than 1,000
Reg S	Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration.

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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, and the value amounted $3,145,010, or 22.6% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Basic Materials		4.3	%	$	587,629
Consumer Cyclicals		0.8			116,025
Consumer Non-Cyclicals		0.9			118,175
Energy		10.3			1,407,926
Financials		6.6			896,583
Government Activity		68.5			9,363,516
Industrials		0.4			62,720
Real Estate		1.2			160,536
Technology		1.5			199,387
Utilities		5.5			752,585
		100.0	%	$	13,665,082

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