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

VANECK GLOBAL RESOURCES FUND

SCHEDULE OF INVESTMENTS

September 30, 2022 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 96.7%
Australia: 4.1%
Allkem Ltd. *		988,849	$	8,744,892
Ecograf Ltd. * †		1,590,181		322,226
Glencore Plc (GBP)		5,271,300		27,700,746
				36,767,864
Brazil: 2.7%
Vale SA (ADR)		950,600		12,661,992
Yamana Gold, Inc. (USD)		1,825,400		8,269,062
Yara International ASA (NOK)		106,300		3,730,615
				24,661,669
British Virgin Islands: 0.1%
Talon Metals Corp. (CAD) * †		1,705,400		595,689
Canada: 7.1%
Agnico Eagle Mines Ltd. (USD)		287,206		12,128,709
Alamos Gold, Inc. (USD)		100,832		747,165
Barrick Gold Corp. (USD)		777,545		12,051,948
Euro Manganese, Inc. (AUD) *		2,306,472		413,227
Kinross Gold Corp. (USD)		1,842,200		6,926,672
Nouveau Monde Graphite, Inc. (USD) * †		196,100		1,058,940
Nutrien Ltd. (USD)		363,671		30,322,888
				63,649,549
Finland: 0.6%
Neste Oyj		125,900		5,487,919
Italy: 1.4%
Eni SpA		805,000		8,556,099
Saras SpA *		4,254,800		4,044,915
				12,601,014
Netherlands: 1.1%
OCI NV		257,735		9,436,083
Norway: 4.9%
Equinor ASA (ADR)		938,600		31,077,046
FREYR Battery SA (USD) * †		545,900		7,773,616
FREYR Battery SA (USD) * ø		350,000		4,984,000
				43,834,662
South Africa: 3.7%
Anglo American Plc (GBP)		697,700		20,949,016
Sibanye Stillwater Ltd. (ADR) †		1,328,300		12,379,756
				33,328,772
Spain: 1.1%
Repsol SA		778,000		8,939,416
Soltec Power Holdings SA * †		131,900		548,949
				9,488,365
Turkey: 0.4%
Eldorado Gold Corp. (USD) *		564,000		3,400,920
United Kingdom: 2.0%
Endeavour Mining Plc (CAD)		492,600		9,086,363
Shell Plc (ADR)		181,000		9,006,560
				18,092,923
United States: 65.0%
5E Advanced Materials, Inc. * †		144,600		1,469,136
Baker Hughes Co.		491,100		10,293,456

	Number of Shares		Value
United States (continued)
Benson Hill, Inc. * †		546,100	$	1,496,314
Bunge Ltd.		272,900		22,533,353
ChampionX Corp.		366,900		7,180,233
Chart Industries, Inc. * †		96,134		17,722,303
Chesapeake Energy Corp. †		232,900		21,941,509
Chevron Corp.		58,900		8,462,163
ConocoPhillips		268,341		27,462,018
Corteva, Inc.		399,966		22,858,057
Coterra Energy, Inc.		1,146,832		29,955,252
Darling Ingredients, Inc. *		128,400		8,493,660
Devon Energy Corp.		548,732		32,995,255
Diamondback Energy, Inc.		219,868		26,485,299
Enphase Energy, Inc. *		84,500		23,446,215
EQT Corp.		776,900		31,658,675
ESS Tech, Inc. * †		211,500		865,035
EVgo, Inc. * ø		308,000		2,436,280
EVgo, Inc. * †		34,700		274,477
Excelerate Energy, Inc.		232,200		5,433,480
Fluence Energy, Inc. * †		38,200		557,338
FMC Corp.		80,631		8,522,697
Freeport-McMoRan, Inc.		606,500		16,575,645
Halliburton Co.		477,000		11,743,740
Hannon Armstrong Sustainable Infrastructure Capital, Inc. †		324,785		9,720,815
Hess Corp.		192,900		21,024,171
Kirby Corp. *		195,700		11,892,689
Liberty Energy, Inc. *		1,196,150		15,167,182
Marathon Oil Corp.		407,600		9,203,608
Mosaic Co.		246,200		11,898,846
MP Materials Corp. *		279,200		7,622,160
Newmont Corp.		276,807		11,634,198
Ormat Technologies, Inc. †		143,800		12,395,560
PDC Energy, Inc.		153,600		8,876,544
Piedmont Lithium, Inc. *		155,700		8,328,393
Pioneer Natural Resources Co.		88,988		19,268,572
SolarEdge Technologies, Inc. *		124,900		28,909,354
Solid Power, Inc. *		95,100		500,226
Stem, Inc. * †		708,132		9,446,481
Stem, Inc. * ø		362,000		4,825,460
TuSimple Holdings, Inc. * †		110,830		842,308
Tyson Foods, Inc.		203,100		13,390,383
Union Pacific Corp.		27,000		5,260,140
Valero Energy Corp.		297,100		31,745,135
				582,813,815
Zambia: 2.5%
First Quantum Minerals Ltd. (CAD) †		1,330,400		22,585,065
Total Common Stocks (Cost: $653,589,852)				866,744,309

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VANECK GLOBAL RESOURCES FUND

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

	Number of Shares		Value
WARRANTS: 0.1%
Norway: 0.1%
FREYR Battery SA, USD 11.50, exp. 09/01/27		120,350	$	672,757
United States: 0.0%
Benson Hill, Inc., USD 11.50, exp. 12/24/25		74,875		29,950
Total Warrants   (Cost: $216,758)				702,707
MONEY MARKET FUND: 3.3% (Cost: $29,718,181)
Invesco Treasury Portfolio - Institutional Class		29,718,181		29,718,181
Total Investments Before Collateral for Securities Loaned: 100.1% (Cost: $683,524,791)				897,165,197

	Number of Shares		Value
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 4.2% (Cost: $37,676,998)
Money Market Fund: 4.2%
State Street Navigator Securities Lending Government Money Market Portfolio		37,676,998	$	37,676,998
Total Investments: 104.3% (Cost: $721,201,789)				934,842,195
Liabilities in excess of other assets: (4.3)%				(38,747,502)
NET ASSETS: 100.0%		��	$	896,094,693

Definitions:

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

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $82,342,457.
ø	Restricted Security – the aggregate value of restricted securities is $12,245,740, or 1.4% of net assets

Restricted securities held by the Fund as of September 30, 2022 are as follows:

Security	Acquisition Date	Number of Shares		Acquisition Cost		Value		% of Net Assets
EVgo, Inc.	06/30/2021		308,000		$3,080,000		$2,436,280		0.3	%
FREYR Battery SA	07/06/2021		350,000		3,500,000		4,984,000		0.6	%
Stem, Inc.	04/28/2021		362,000		3,620,000		4,825,460		0.5	%
					$10,200,000		$12,245,740		1.4	%

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Consumer Cyclical		0.3	%	$	2,436,280
Consumer Discretionary		0.1			774,703
Consumer Staples		5.1			45,943,660
Energy		43.0			386,008,247
Financials		1.1			9,720,815
Industrials		7.3			65,391,075
Information Technology		5.8			52,355,569
Materials		32.6			292,421,107
Utilities		1.4			12,395,560
Money Market Fund		3.3			29,718,181
		100.0	%	$	897,165,197

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