Van Eck Funds NPORT-P Environmental Sustainability Fund (Mar 2023 report)

VANECK ENVIRONMENTAL SUSTAINABILITY FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 98.8%
Australia: 1.9%
Allkem Ltd. *		9,011	$	72,188
Ecograf Ltd. * †		86,700		10,230
Jervois Global Ltd. *		24,900		1,108
				83,526
Brazil: 0.5%
Yara International ASA (NOK)		470		20,426
British Virgin Islands: 0.1%
Talon Metals Corp. (CAD) *		17,050		4,542
Canada: 1.4%
Ballard Power Systems, Inc. (USD) * †		1,900		10,583
Euro Manganese, Inc. (AUD) *		92,600		13,622
Li-Cycle Holdings Corp. (USD) * †		2,760		15,539
Maple Leaf Foods, Inc. †		1,040		20,123
				59,867
Cayman Islands: 3.3%
FREYR Battery SA (USD) * †		15,260		135,661
China: 5.3%
BYD Co. Ltd. (HKD)		4,500		132,373
Contemporary Amperex Technology Co. Ltd.		1,000		59,181
Flat Glass Group Co. Ltd. (HKD) †		12,000		34,322
				225,876
Denmark: 4.8%
Novozymes A/S		1,030		52,739
Orsted AS 144A		840		71,625
Vestas Wind Systems A/S		2,800		81,604
				205,968
Finland: 3.2%
Neste Oyj		2,710		133,885
France: 5.4%
Cie de Saint-Gobain		440		25,011
Engie SA		6,800		107,608
Legrand SA		520		47,514
Nexans SA		490		48,823
				228,956
Germany: 3.7%
Infineon Technologies AG		3,710		152,352
Ireland: 0.5%
Kerry Group Plc		230		22,937
Isle of Man: 0.0%
Agronomics Ltd. *		14,600		1,961
Italy: 1.1%
Enel SpA		7,600		46,352
Japan: 2.8%
Keyence Corp.		240		117,626
Netherlands: 1.4%
OCI NV		1,780		60,342
South Korea: 4.7%
LG Energy Solution Ltd. *		240		108,133

	Number of Shares		Value
South Korea (continued)
Samsung SDI Co. Ltd.		160	$	90,886
				199,019
Spain: 1.6%
Avangrid, Inc. (USD)		950		37,886
Soltec Power Holdings SA *		4,800		31,694
				69,580
Sweden: 3.2%
Atlas Copco AB		8,400		106,414
Oatly Group AB (ADR) * †		12,650		30,613
				137,027
Switzerland: 0.5%
Givaudan SA		7		22,784
United States: 53.4%
Array Technologies, Inc. *		3,720		81,394
Ball Corp.		1,100		60,621
Benson Hill, Inc. * †		4,500		5,175
Beyond Meat, Inc. *		340		5,518
Bloom Energy Corp. *		1,900		37,867
Bunge Ltd.		970		92,654
Clean Harbors, Inc. *		250		35,640
Corteva, Inc.		340		20,505
Darling Ingredients, Inc. *		1,490		87,016
Deere & Co.		400		165,152
Enphase Energy, Inc. *		510		107,243
EVgo, Inc. * †		8,000		62,320
Generac Holdings, Inc. *		310		33,483
Hannon Armstrong Sustainable Infrastructure Capital, Inc. †		760		21,736
Ingredion, Inc.		210		21,363
International Flavors & Fragrances, Inc.		190		17,472
John Bean Technologies Corp.		110		12,022
Lindsay Corp.		150		22,670
MP Materials Corp. *		1,560		43,976
NextEra Energy Partners LP		730		44,348
Ormat Technologies, Inc.		1,150		97,486
Pentair Plc		990		54,717
Piedmont Lithium, Inc. *		1,460		87,673
Plug Power, Inc. * †		1,300		15,236
Quanta Services, Inc.		1,460		243,294
Republic Services, Inc.		690		93,302
SolarEdge Technologies, Inc. *		700		212,765
Stem, Inc. * †		10,020		56,813
Sunnova Energy International, Inc. * †		2,800		43,736
Teradyne, Inc.		640		68,806
Tesla, Inc. *		360		74,686
TPI Composites, Inc. *		2,500		32,625
Trimble, Inc. *		1,800		94,356
Xylem, Inc.		1,000		104,700
				2,258,370
Total Common Stocks (Cost: $5,128,075)				4,187,057

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VANECK ENVIRONMENTAL SUSTAINABILITY FUND

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

	Number of Shares		Value
MASTER LIMITED PARTNERSHIP: 0.9% (Cost: $45,048)
Canada: 0.9%
Brookfield Renewable Partners LP (USD)		1,200	$	37,812
MONEY MARKET FUND: 0.7% (Cost: $29,817)
Invesco Treasury Portfolio - Institutional Class		29,817		29,817
Total Investments Before Collateral for Securities Loaned: 100.4% (Cost: $5,202,940)				4,254,686

	Number of Shares		Value
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 8.4%
Money Market Fund: 8.4% (Cost: $353,852)
State Street Navigator Securities Lending Government Money Market Portfolio		353,852	$	353,852
Total Investments: 108.8% (Cost: $5,556,792)				4,608,538
Liabilities in excess of other assets: (8.8)%				(371,770)
NET ASSETS: 100.0%			$	4,236,768

Definitions:

ADR	American Depositary Receipt
AUD	Australia Dollar
CAD	Canadian Dollar
HKD	Hong Kong Dollar
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 $434,160.
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 $71,625, or 1.7% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Renewable Energy		30.3	%	$	1,287,806
Advanced Materials		24.7			1,048,930
Smart Resource Management		19.7			842,140
Agriculture Technology		15.5			658,804
Recycling		4.8			205,102
Water		4.3			182,087
Money Market Fund		0.7			29,817
		100.0	%	$	4,254,686

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