# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001410368-26-020355
**Filing Date:** 2026-2
**Character Count:** 52352
**Document Hash:** db7bb24782528cab39647dd2a354d7fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-020355.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001410368-26-020355

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck ETF Trust
- **CENTRAL INDEX KEY:** 0001137360

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10325
- **FILM NUMBER:** 26694403

**BUSINESS ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-293-2000

**MAIL ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VanEck Vectors ETF Trust
- **DATE OF NAME CHANGE:** 20160427

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS ETF TRUST
- **DATE OF NAME CHANGE:** 20070312

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MARKET VECTORS TRUST
- **DATE OF NAME CHANGE:** 20050516

## Series and Classes Contracts Data

### VanEck Natural Resources ETF (Series ID: S000022364)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000064328 | VanEck Natural Resources ETF | HAP             |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VanEck ETF Trust

- **b. Investment Company Act file number:** 811-10325

- **c. CIK number of Registrant:** 0001137360

- **d. LEI of Registrant:** 549300ZLFKNTXC51ZN76

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 666 THIRD AVENUE, 9TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-293-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** VanEck Natural Resources ETF

- **b. EDGAR series identifier (if any):** S000022364

- **c. LEI of Series:** 5493001Y68MF5TFNKP40

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $214675536.91

**Total Liabilities:** $10459145.39

**Net Assets:** $204216391.52

**Cash Not Reported:** $350583.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064328 | 0.32%                | 4.39%                | 2.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $407.07                  | $510228.87                                 |
| Month 2  | $610.84                  | $7725604.23                                |
| Month 3  | $924444.63               | $4094595.06                                |

### Schedule of Portfolio Investments

| Name                               | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                          | AGCO Corp                                                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     10177 | NS      | $1061664.64   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                    | Antofagasta PLC                                                             | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |     20695 | NS      | $907082.43    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd             | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     23319 | NS      | $3953270.07   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                    | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     20024 | NS      | $772525.92    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                   | ArcelorMittal SA                                                            | CUSIP: 03938L203<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     23838 | NS      | $1086297.66   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co          | Archer-Daniels-Midland Co                                                   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     49902 | NS      | $2868865.98   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                             | BP PLC                                                                      | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     60667 | NS      | $2106964.91   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                    | Baker Hughes Co                                                             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15597 | NS      | $710287.38    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     74362 | NS      | $3238465.10   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                      | BHP Group Ltd                                                               | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     87649 | NS      | $5291370.13   | 2.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Bloom Energy Corp                  | Bloom Energy Corp                                                           | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     10464 | NS      | $909216.96    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc         | CF Industries Holdings Inc                                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     25507 | NS      | $1972711.38   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                        | Cameco Corp                                                                 | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     20961 | NS      | $1917721.89   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd     | Canadian Natural Resources Ltd                                              | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     44914 | NS      | $1520338.90   | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Axia Energia                       | Axia Energia                                                                | CUSIP: 15234Q207<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     91271 | NS      | $836042.36    | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Axia Energia                       | Axia Energia                                                                | CUSIP: 15236F100<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     23989 | NS      | $206785.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Cheniere Energy Inc                | Cheniere Energy Inc                                                         | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5006 | NS      | $973116.34    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                       | Chevron Corp                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66389 | NS      | $10118347.49  | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                   | Coeur Mining Inc                                                            | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     28276 | NS      | $504161.08    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                     | ConocoPhillips                                                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     25643 | NS      | $2400441.23   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                        | Corteva Inc                                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     89765 | NS      | $6016947.95   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc            | Darling Ingredients Inc                                                     | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     32040 | NS      | $1153440.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                         | Deere & Co                                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     21437 | NS      | $9980424.09   | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrias Penoles SAB de CV       | Industrias Penoles SAB de CV                                                | CUSIP: 000000000<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |     11600 | NS      | $610816.99    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                  | Devon Energy Corp                                                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     14011 | NS      | $513222.93    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc             | Diamondback Energy Inc                                                      | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4328 | NS      | $650628.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV             | Grupo Mexico SAB de CV                                                      | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    154464 | NS      | $1460747.74   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                            | Eni SpA                                                                     | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     30691 | NS      | $1164416.54   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| EOG Resources Inc                  | EOG Resources Inc                                                           | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      8621 | NS      | $905291.21    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                           | EQT Corp                                                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     12504 | NS      | $670214.40    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                       | Enbridge Inc                                                                | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     54475 | NS      | $2605539.25   | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Equinor ASA                        | Equinor ASA                                                                 | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     25687 | NS      | $606983.81    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                  | Equinox Gold Corp                                                           | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |     42063 | NS      | $590564.52    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                   | Exxon Mobil Corp                                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     84088 | NS      | $10119149.92  | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                    | First Solar Inc                                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      4767 | NS      | $1245283.41   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                 | Franco-Nevada Corp                                                          | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      7736 | NS      | $1603518.08   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc               | Freeport-McMoRan Inc                                                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     52484 | NS      | $2665662.36   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                    | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     32825 | NS      | $1433139.50   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                             | EDP SA                                                                      | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    181089 | NS      | $833524.89    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co Ltd         | Harmony Gold Mining Co Ltd                                                  | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     24124 | NS      | $480067.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                       | IAMGOLD Corp                                                                | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |     30353 | NS      | $500520.97    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                      | Ingredion Inc                                                               | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     11670 | NS      | $1286734.20   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                  | Kinder Morgan Inc                                                           | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     41121 | NS      | $1130416.29   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                  | Kinross Gold Corp                                                           | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     47699 | NS      | $1343203.84   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                    | UPM-Kymmene Oyj                                                             | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     38764 | NS      | $1119929.56   | 0.55%             |  |  |  | No            |                  2 | On Loan: —       |
| Bayer AG                           | Bayer AG                                                                    | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    158579 | NS      | $6874097.99   | 3.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Stora Enso Oyj                     | Stora Enso Oyj                                                              | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     44128 | NS      | $550614.63    | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Louisiana-Pacific Corp             | Louisiana-Pacific Corp                                                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      4881 | NS      | $394189.56    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                    | Lundin Gold Inc                                                             | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      5277 | NS      | $438944.77    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp            | Marathon Petroleum Corp                                                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      6108 | NS      | $993344.04    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                      | Fortescue Ltd                                                               | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     83499 | NS      | $1220048.70   | 0.60%             |  |  |  | No            |                  2 | On Loan: —       |
| Contact Energy Ltd                 | Contact Energy Ltd                                                          | CUSIP: 000000000<br>LEI: 549300FT5JOXS1PZ1I32 | Long             | EC               | CORP              | NZ        |     80878 | NS      | $429734.51    | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| China Steel Corp                   | China Steel Corp                                                            | CUSIP: 000000000<br>LEI: 529900D3N7UIJMVJ9120 | Long             | EC               | CORP              | TW        |    793672 | NS      | $479520.83    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Mosaic Co/The                      | Mosaic Co/The                                                               | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     52144 | NS      | $1256148.96   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Ltd                      | Rio Tinto Ltd                                                               | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     11960 | NS      | $1165890.28   | 0.57%             |  |  |  | No            |                  2 | On Loan: —       |
| Kubota Corp                        | Kubota Corp                                                                 | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |    133600 | NS      | $1891933.49   | 0.93%             |  |  |  | No            |                  2 | On Loan: —       |
| Newmont Corp                       | Newmont Corp                                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     39113 | NS      | $3905433.05   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                 | NextEra Energy Inc                                                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    100125 | NS      | $8038035.00   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| JFE Holdings Inc                   | JFE Holdings Inc                                                            | CUSIP: 000000000<br>LEI: 3538002Y11Y03NA9B530 | Long             | EC               | CORP              | JP        |     37564 | NS      | $478578.14    | 0.23%             |  |  |  | No            |                  2 | On Loan: —       |
| Nippon Steel Corp                  | Nippon Steel Corp                                                           | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |    260400 | NS      | $1064856.72   | 0.52%             |  |  |  | No            |                  2 | On Loan: —       |
| Oji Holdings Corp                  | Oji Holdings Corp                                                           | CUSIP: 000000000<br>LEI: 529900LVC9GIIYUGE243 | Long             | EC               | CORP              | JP        |     85476 | NS      | $468973.02    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Northland Power Inc                | Northland Power Inc                                                         | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               | CORP              | CA        |     28524 | NS      | $371441.47    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Nucor Corp                         | Nucor Corp                                                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      7181 | NS      | $1171292.91   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                        | Nutrien Ltd                                                                 | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     80132 | NS      | $4945747.04   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd        | Northern Star Resources Ltd                                                 | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     53702 | NS      | $944320.45    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp          | Occidental Petroleum Corp                                                   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     16374 | NS      | $673298.88    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd              | Valterra Platinum Ltd                                                       | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     10288 | NS      | $870749.57    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Enlight Renewable Energy Ltd       | Enlight Renewable Energy Ltd                                                | CUSIP: 000000000<br>LEI: 984500HF6A99N758F734 | Long             | EC               | CORP              | IL        |         1 | NS      | $36.34        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK Inc                          | ONEOK Inc                                                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     13032 | NS      | $957852.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc                 | POSCO Holdings Inc                                                          | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |     15822 | NS      | $841888.62    | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Pan American Silver Corp           | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     20362 | NS      | $1054955.22   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp              | Pembina Pipeline Corp                                                       | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     15938 | NS      | $606600.28    | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Petroleo Brasileiro SA - Petrobras | Petroleo Brasileiro SA - Petrobras                                          | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     58255 | NS      | $656533.85    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                        | Phillips 66                                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      8390 | NS      | $1082645.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                       | Reliance Inc                                                                | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      2106 | NS      | $608360.22    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                      | Rio Tinto PLC                                                               | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     46207 | NS      | $3697946.21   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA             | Yara International ASA                                                      | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     33582 | NS      | $1373309.71   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                          | Shell PLC                                                                   | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     64485 | NS      | $4738357.80   | 2.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Royal Gold Inc                     | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      3177 | NS      | $706215.33    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                            | SLB Ltd                                                                     | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     29888 | NS      | $1147101.44   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp               | Southern Copper Corp                                                        | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      4971 | NS      | $713189.37    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                 | Steel Dynamics Inc                                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      6024 | NS      | $1020766.80   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                  | Suncor Energy Inc                                                           | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     31349 | NS      | $1390641.64   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano SA                          | Suzano SA                                                                   | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     61037 | NS      | $570085.58    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Targa Resources Corp               | Targa Resources Corp                                                        | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      3975 | NS      | $733387.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                     | TC Energy Corp                                                              | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     21730 | NS      | $1195367.30   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Teck Resources Ltd                 | Teck Resources Ltd                                                          | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     23332 | NS      | $1117369.48   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                        | Toro Co/The                                                                 | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     16331 | NS      | $1285576.32   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                    | Tyson Foods Inc                                                             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     42841 | NS      | $2511339.42   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                 | UFP Industries Inc                                                          | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      4351 | NS      | $396158.55    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                            | Vale SA                                                                     | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    160990 | NS      | $2097699.70   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                 | Valero Energy Corp                                                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      6234 | NS      | $1014832.86   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd          | West Fraser Timber Co Ltd                                                   | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |      5611 | NS      | $342888.21    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Weyerhaeuser Co                    | Weyerhaeuser Co                                                             | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     38621 | NS      | $914931.49    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp       | Wheaton Precious Metals Corp                                                | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     17074 | NS      | $2006536.48   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The               | Williams Cos Inc/The                                                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     25000 | NS      | $1502750.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd          | Woodside Energy Group Ltd                                                   | CUSIP: 980228308<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |     41231 | NS      | $642791.29    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Evolution Mining Ltd               | Evolution Mining Ltd                                                        | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |     63087 | NS      | $527562.86    | 0.26%             |  |  |  | No            |                  2 | On Loan: —       |
| PhosAgro PJSC                      | PhosAgro PJSC                                                               | CUSIP: 000000000<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |      4623 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PHOSAGRO PJSC                      | PHOSAGRO PJSC                                                               | CUSIP: 000000000<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |        89 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PhosAgro PJSC                      | PhosAgro PJSC                                                               | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Boliden AB                         | Boliden AB                                                                  | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |     13083 | NS      | $723782.41    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                 | Anglo American PLC                                                          | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     45242 | NS      | $1867295.13   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Mowi ASA                           | Mowi ASA                                                                    | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |     80510 | NS      | $1935346.16   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd            | Reliance Industries Ltd                                                     | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     38614 | NS      | $2703680.07   | 1.32%             |  |  |  | No            |                  2 | On Loan: —       |
| Wilmar International Ltd           | Wilmar International Ltd                                                    | CUSIP: 000000000<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    645164 | NS      | $1542288.62   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd       | Impala Platinum Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     39378 | NS      | $618457.43    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                      | Severstal PAO                                                               | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |      4118 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Svenska Cellulosa AB SCA           | Svenska Cellulosa AB SCA                                                    | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |     40912 | NS      | $541843.95    | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Iberdrola SA                       | Iberdrola SA                                                                | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    364077 | NS      | $7878473.77   | 3.86%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd           | China Hongqiao Group Ltd                                                    | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |    166500 | NS      | $699181.79    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                       | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |    379842 | NS      | $2071998.53   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolipetsk Steel PJSC             | Novolipetsk Steel PJSC                                                      | CUSIP: 000000000<br>LEI: 213800913TPW32I84456 | Long             | EC               | CORP              | RU        |     26910 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek PJSC                       | Novatek PJSC                                                                | CUSIP: 000000000<br>LEI: 2138008R6GCRVBDFA581 | Long             | EC               | CORP              | RU        |     19580 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gazprom PJSC                       | Gazprom PJSC                                                                | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    125520 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LUKOIL PJSC                        | LUKOIL PJSC                                                                 | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      3739 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Rosneft Oil Co PJSC                | Rosneft Oil Co PJSC                                                         | CUSIP: 000000000<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |     13000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GMK Norilskiy Nickel PAO           | GMK Norilskiy Nickel PAO                                                    | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |    128400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Surgutneftegas PAO                 | Surgutneftegas PAO                                                          | CUSIP: 000000000<br>LEI: 2138002GZLU65FRAC894 | Long             | EC               | CORP              | RU        |    371430 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Evraz PLC                          | Evraz PLC                                                                   | CUSIP: 000000000<br>LEI: 5493005B7DAN39RXLK23 | Long             | EC               | CORP              | GB        |     10824 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Holmen AB                          | Holmen AB                                                                   | CUSIP: 000000000<br>LEI: 52990080SH3454F0QE68 | Long             | EC               | CORP              | SE        |      9638 | NS      | $369205.98    | 0.18%             |  |  |  | No            |                  2 | On Loan: —       |
| Klabin SA                          | Klabin SA                                                                   | CUSIP: 000000000<br>LEI: 254900C8UYA6YUPSDU10 | Long             | EC               | CORP              | BR        |     92523 | NS      | $316008.76    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC               | Endeavour Mining PLC                                                        | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     10186 | NS      | $531047.69    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S            | Vestas Wind Systems A/S                                                     | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     62179 | NS      | $1680723.10   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Barito Renewables Energy Tbk PT    | Barito Renewables Energy Tbk PT                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   1371300 | NS      | $797235.09    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Meridian Energy Ltd                | Meridian Energy Ltd                                                         | CUSIP: 000000000<br>LEI: 254900IFKXIGNCY3A092 | Long             | EC               | CORP              | NZ        |    133480 | NS      | $430587.89    | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| MMC Norilsk Nickel PJSC            | MMC Norilsk Nickel PJSC                                                     | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |        17 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Orsted AS                          | Orsted AS                                                                   | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |     36631 | NS      | $698828.18    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Polyus PJSC                        | Polyus PJSC                                                                 | CUSIP: 000000000<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |      1669 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tatneft PJSC                       | Tatneft PJSC                                                                | CUSIP: 876629205<br>LEI: 253400PAT768SVJMV121 | Long             | EC               | CORP              | RU        |      2680 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TotalEnergies SE                   | TotalEnergies SE                                                            | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     54524 | NS      | $3566960.08   | 1.75%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street Global Advisors       | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |  10335597 | NS      | $10335596.55  | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc              | Anglogold Ashanti Plc                                                       | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     19288 | NS      | $1644880.64   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                    | Bunge Global SA                                                             | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     18787 | NS      | $1673545.96   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                  | CNH Industrial NV                                                           | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    131215 | NS      | $1209802.30   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer