# EDGAR Filing Document

**Accession Number:** 0000768847
**File Stem:** 0001410368-25-028347
**Filing Date:** 2025-11
**Character Count:** 39839
**Document Hash:** f87664a93679f5899bad2b7c6e7a8780
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028347.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028347

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck Funds
- **CENTRAL INDEX KEY:** 0000768847

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04297
- **FILM NUMBER:** 251507700

**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:** VAN ECK FUNDS
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Emerging Markets Fund (Series ID: S000009198)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000024992 | Class A      | GBFAX           |
| C000033045 | Class I      | EMRIX           |
| C000088110 | Class Y      | EMRYX           |
| C000214759 | Class Z      | EMRZX           |

## Nport-Ex

VANECK

EMERGING

MARKETS

FUND

SCHEDULE

OF

INVESTMENTS

September

30,

2025

(unaudited)

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 97.7%

#### Brazil

#### :

#### 6.7%
JSL

SA

1,781,000

$

2,124,919

MercadoLibre,

Inc.

(USD) \*

3,420

7,992,335

Multiplan

Empreendimentos

Imobiliarios

SA \*

122,000

666,590

NU

Holdings

Ltd.

(USD) \*

137,500

2,201,375

Rede

D'Or

Sao

Luiz

SA

144A \*

608,000

4,807,110

Smartfit

Escola

de

Ginastica

e

Danca

SA \*

729,000

3,654,417

21,446,746

#### China

#### :

#### 29.5%
Alibaba

Group

Holding

Ltd.

(ADR) †

50,500

9,025,865

ANTA

Sports

Products

Ltd.

(HKD)

193,500

2,317,815

BYD

Co.

Ltd.

(HKD)

365,000

5,159,157

China

Resources

Mixc

Lifestyle

Services

Ltd.

(HKD)

144A

490,000

2,599,320

Full

Truck

Alliance

Co.

Ltd.

(ADR)

494,000

6,407,180

Galaxy

Entertainment

Group

Ltd.

(HKD)

875,000

4,811,062

H

World

Group

Ltd.

(ADR) †

43,000

1,681,730

JD.com,

Inc.

(ADR)

38,000

1,329,240

KE

Holdings,

Inc.

(ADR)

262,000

4,978,000

Mao

Geping

Cosmetics

Co.

LTD

(HKD) †

107,000

1,426,096

MINISO

Group

Holding

Ltd.

(ADR) †

154,000

3,465,000

NetEase,

Inc.

(HKD)

208,000

6,317,446

PDD

Holdings,

Inc.

(ADR) \*

23,700

3,132,429

Ping

An

Bank

Co.

Ltd.

830,000

1,321,009

Prosus

NV

(EUR)

150,500

10,642,612

Shenzhen

Inovance

Technology

Co.

Ltd.

274,000

3,232,676

TAL

Education

Group

(ADR) \*

146,000

1,635,200

Tencent

Holdings

Ltd.

(HKD)

163,000

13,889,164

Tencent

Music

Entertainment

Group

(ADR)

70,000

1,633,800

Trip.com

Group

Ltd.

(ADR)

52,000

3,910,400

Xiaomi

Corp.

(HKD)

144A \*

655,000

4,552,215

Yum

China

Holdings,

Inc.

(USD)

40,000

1,716,800

95,184,216

#### Egypt

#### :

#### 1.2%
Commercial

International

Bank

1,850,000

3,905,173

Underline

#### Greece

#### :

#### 2.5%
Eurobank

Ergasias

Services

and

Holdings

SA

940,000

3,636,249

Piraeus

Financial

Holdings

SA \*

508,000

4,315,065

7,951,314

#### Hungary

#### :

#### 1.5%
OTP

Bank

Nyrt

57,000

4,930,691

Underline

#### Number

#### of

#### Shares

#### Value

#### India

#### :

#### 18.1%
Aditya

Birla

Capital

Ltd. \*

1,500,000

$

4,946,612

Cholamandalam

Investment

and

Finance

Co.

Ltd.

247,000

4,475,780

Delhivery

Ltd. \*

700,000

3,577,503

HDFC

Bank

Ltd.

363,000

3,896,297

HDFC

Bank

Ltd.

(ADR)

175,400

5,991,664

Jio

Financial

Services

Ltd.

1,420,000

4,694,602

KEI

Industries

Ltd.

74,500

3,395,969

Larsen

&

Toubro

Ltd.

67,000

2,766,732

Lemon

Tree

Hotels

Ltd.

144A \*

2,183,000

4,089,206

Oberoi

Realty

Ltd.

268,000

4,799,281

Phoenix

Mills

Ltd.

310,000

5,426,906

PN

Gadgil

Jewellers

Ltd. \*

115,000

783,827

Reliance

Industries

Ltd.

620,000

9,523,077

58,367,456

#### Kazakhstan

#### :

#### 1.6%
Kaspi.kz

JSC

(ADR)

61,500

5,023,320

Underline

#### Mexico

#### :

#### 1.8%
BBB

Foods,

Inc.

(USD) \*

†

106,000

2,857,760

Regional

SAB

de

CV

335,000

3,008,021

5,865,781

#### Peru

#### :

#### 0.8%
Credicorp

Ltd.

(USD)

9,200

2,449,776

Underline

#### Philippines

#### :

#### 2.0%
Ayala

Land,

Inc.

2,600,000

1,088,755

International

Container

Terminal

Services,

Inc.

660,000

5,352,539

6,441,294

#### Poland

#### :

#### 2.2%
Diagnostyka

SA

35,000

1,835,692

InPost

SA

(EUR) \*

250,000

3,077,912

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

115,000

2,234,528

7,148,132

#### Russia

#### :

#### 0.0%
Sberbank

of

Russia

PJSC \*∞

5,555,460

Underline

#### Saudi

#### Arabia

#### :

#### 2.7%
Al

Rajhi

Bank

103,000

2,943,245

Saudi

National

Bank

252,000

2,632,756

United

International

Transportation

Co.

160,000

3,157,871

8,733,872

#### Singapore

#### :

#### 1.1%
Grab

Holdings

Ltd.

(USD) \*

576,000

3,467,520

Underline

#### South

#### Korea

#### :

#### 5.8%
HD

Hyundai

Electric

Co.

Ltd.

7,250

3,015,542

Samsung

Biologics

Co.

Ltd.

144A \*

5,400

3,848,297

SK

Hynix,

Inc.

47,700

11,824,728

18,688,567

#### Taiwan

#### :

#### 13.4%
Chroma

ATE,

Inc.

310,000

5,916,032

Poya

International

Co.

Ltd.

111,000

1,710,158

Sea

Ltd.

(ADR) \*

9,100

1,626,443

VANECK

EMERGING

MARKETS

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Number

#### of

#### Shares

#### Value

#### Taiwan
(continued)

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

728,000

$

31,622,729

Wiwynn

Corp.

21,500

2,355,781

43,231,143

#### Tanzania

#### :

#### 1.1%
Helios

Towers

PLC

(GBP) \*

1,810,000

3,635,175

Underline

#### Turkey

#### :

#### 1.4%
MLP

Saglik

Hizmetleri

AS

144A \*

580,000

4,647,853

Underline

#### United

#### Arab

#### Emirates

#### :

#### 2.3%
Abu

Dhabi

Commercial

Bank

PJSC

404,000

1,605,423

Emaar

Properties

PJSC

853,000

3,030,628

Talabat

Holding

PLC

9,013,500

2,751,522

7,387,573

#### United

#### Kingdom

#### :

#### 2.0%
Lion

Finance

Group

PLC

64,000

6,600,457

Underline

#### Total

#### Common

#### Stocks
(Cost:

$196,453,519)

315,106,059

#### PREFERRED

#### SECURITIES:

#### 3.9%

#### Brazil

#### :

#### 1.2%
Itau

Unibanco

Holding

SA

533,000

3,912,689

Underline

#### Number

#### of

#### Shares

#### Value

#### South

#### Korea

#### :

#### 2.7%
Samsung

Electronics

Co.

Ltd.

185,000

$

8,780,287

Underline

#### Total

#### Preferred

#### Securities
(Cost:

$10,180,797)

12,692,976

#### MONEY

#### MARKET

#### FUND

#### :

#### 0.4%
Invesco

Treasury

Portfolio

-

Institutional

Class

4.17%(a)

1,387,054

1,387,054

Underline

#### Total

#### Investments

#### Before

#### Collateral

#### for

#### Securities

#### Loaned:

#### 102.0%
(Cost:

$208,021,370)

329,186,089

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 0.0%

#### Money

#### Market

#### Fund:

#### 0.0%
(Cost:

$81,112)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.18%(a)

81,112

81,112

#### Total

#### Investments:

#### 102.0%
(Cost:

$208,102,482)

329,267,201

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (2.0)%
(6,533,648)

#### NET

#### ASSETS:

#### 100.0%
$

322,733,553

#### Definitions:
ADR

American

Depositary

Receipt

EUR

Euro

GBP

British

Pound

HKD

Hong

Kong

Dollar

USD

United

States

Dollar

\*

Non-income

producing

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$9,732,878.

∞

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

in

the

fair

value

hierarchy.

(a) Rate

shown

is

the

1-day

yield

as

of

09/30/25.

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.

These

securities

have

an

aggregate

value

of

$24,544,001,

or

7.6%

of

net

assets.

## 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 Funds

- **b. Investment Company Act file number:** 811-04297

- **c. CIK number of Registrant:** 0000768847

- **d. LEI of Registrant:** 549300GEIRRGSDOHI251

- **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:** Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000009198

- **c. LEI of Series:** 5493003VR84X2XD88O30

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $330181418.90

**Total Liabilities:** $7416916.33

**Net Assets:** $322764502.57

**Cash Not Reported:** $107714.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214759 | -1.15%               | 3.44%                | 5.75%                |
| Class ID C000088110 | -1.15%               | 3.42%                | 5.74%                |
| Class ID C000033045 | -1.16%               | 3.45%                | 5.77%                |
| Class ID C000024992 | -1.24%               | 3.36%                | 5.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9869101.53              | $-14797540.02                              |
| Month 2  | $20126156.22             | $-8173683.24                               |
| Month 3  | $4430330.69              | $12501530.55                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cholamandalam Investment and Finance Co Ltd   | Cholamandalam Investment and Finance Co Ltd                                 | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |    247000 | NS      | $4475780.00   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp                                   | Xiaomi Corp                                                                 | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |    655000 | NS      | $4552214.61   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd                           | Larsen & Toubro Ltd                                                         | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     67000 | NS      | $2766731.89   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd           | Shenzhen Inovance Technology Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    274000 | NS      | $3232675.81   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| H World Group Ltd                             | H World Group Ltd                                                           | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |     43000 | NS      | $1681730.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| PDD Holdings Inc                              | PDD Holdings Inc                                                            | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     23700 | NS      | $3132429.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional SAB de CV                            | Regional SAB de CV                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    335000 | NS      | $3008021.40   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Finance Group PLC                        | Lion Finance Group PLC                                                      | CUSIP: 000000000<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |     64000 | NS      | $6600457.24   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                 | Piraeus Financial Holdings SA                                               | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    508000 | NS      | $4315065.03   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| BBB Foods Inc                                 | BBB Foods Inc                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    106000 | NS      | $2857760.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Full Truck Alliance Co Ltd                    | Full Truck Alliance Co Ltd                                                  | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |    494000 | NS      | $6407180.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                  | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |     80645 | NS      | $80645.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                       | Sea Ltd                                                                     | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      7100 | NS      | $1268983.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Bank Co Ltd                           | Ping An Bank Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |    830000 | NS      | $1321008.96   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Delhivery Ltd                                 | Delhivery Ltd                                                               | CUSIP: 000000000<br>LEI: 335800CUQ1SBCH9TTH82 | Long             | EC               | CORP              | IN        |    700000 | NS      | $3577502.65   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Oberoi Realty Ltd                             | Oberoi Realty Ltd                                                           | CUSIP: 000000000<br>LEI: 335800TCKG1XQXN51L44 | Long             | EC               | CORP              | IN        |    268000 | NS      | $4799280.66   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                       | Reliance Industries Ltd                                                     | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    620000 | NS      | $9523077.58   | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Mixc Lifestyle Services Ltd   | China Resources Mixc Lifestyle Services Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    490000 | NS      | $2599319.55   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                     | Alibaba Group Holding Ltd                                                   | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     50500 | NS      | $9025865.00   | 2.80%             |  |  |  | No            |                  1 | On Loan: —       |
| OTP Bank Nyrt                                 | OTP Bank Nyrt                                                               | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     60000 | NS      | $5190201.06   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| MINISO Group Holding Ltd                      | MINISO Group Holding Ltd                                                    | CUSIP: 66981J102<br>LEI: 2549006PIKT2YKNBL092 | Long             | EC               | CORP              | KY        |    154000 | NS      | $3465000.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Itau Unibanco Holding SA                      | Itau Unibanco Holding SA                                                    | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    533000 | NS      | $3912689.18   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JSL SA                                        | JSL SA                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1781000 | NS      | $2124918.97   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                 | HDFC Bank Ltd                                                               | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    363000 | NS      | $3896296.78   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| United International Transportation Co        | United International Transportation Co                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |    160000 | NS      | $3157871.26   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| TAL Education Group                           | TAL Education Group                                                         | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |    146000 | NS      | $1635200.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                | Chroma ATE Inc                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    310000 | NS      | $5916032.33   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd                | Galaxy Entertainment Group Ltd                                              | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    875000 | NS      | $4811062.01   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                   | NetEase Inc                                                                 | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |    208000 | NS      | $6317445.88   | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                      | Samsung Biologics Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      5400 | NS      | $3848297.49   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| PN Gadgil Jewellers Ltd                       | PN Gadgil Jewellers Ltd                                                     | CUSIP: 000000000<br>LEI: 549300CR8FYNOYS5KI58 | Long             | EC               | CORP              | IN        |    115000 | NS      | $783827.59    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                         | Rede D'Or Sao Luiz SA                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    608000 | NS      | $4807109.78   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                      | ANTA Sports Products Ltd                                                    | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |    193500 | NS      | $2317815.31   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                         | Emaar Properties PJSC                                                       | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    853000 | NS      | $3030628.50   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Group             | Tencent Music Entertainment Group                                           | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |     70000 | NS      | $1633800.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Jio Financial Services Ltd                    | Jio Financial Services Ltd                                                  | CUSIP: 000000000<br>LEI: 3358003O268Q1OGBQR42 | Long             | EC               | CORP              | IN        |   1420000 | NS      | $4694602.60   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                        | Yum China Holdings Inc                                                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     40000 | NS      | $1716800.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                | Abu Dhabi Commercial Bank PJSC                                              | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | EC               | CORP              | AE        |    404000 | NS      | $1605423.11   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA    | Eurobank Ergasias Services and Holdings SA                                  | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | EC               | CORP              | GR        |    940000 | NS      | $3636249.17   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Diagnostyka SA                                | Diagnostyka SA                                                              | CUSIP: 000000000<br>LEI: 259400TB69IYA2WJEU71 | Long             | EC               | CORP              | PL        |     35000 | NS      | $1835692.04   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Helios Towers PLC                             | Helios Towers PLC                                                           | CUSIP: 000000000<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |   1810000 | NS      | $3635175.23   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co Ltd                    | HD Hyundai Electric Co Ltd                                                  | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      7250 | NS      | $3015541.81   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Poya International Co Ltd                     | Poya International Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    111000 | NS      | $1710158.13   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Talabat Holding PLC                           | Talabat Holding PLC                                                         | CUSIP: 000000000<br>LEI: 529900MAA20AIKRXOA24 | Long             | EC               | CORP              | AE        |   9013500 | NS      | $2751521.76   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd                            | Trip.com Group Ltd                                                          | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |     52000 | NS      | $3910400.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                     | Prosus NV                                                                   | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    150500 | NS      | $10642611.97  | 3.30%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                    | JD.com Inc                                                                  | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     38000 | NS      | $1329240.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                                   | Wiwynn Corp                                                                 | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     21500 | NS      | $2355780.85   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| MLP Saglik Hizmetleri AS                      | MLP Saglik Hizmetleri AS                                                    | CUSIP: 000000000<br>LEI: 789000M2LTGHSXVOQL65 | Long             | EC               | CORP              | TR        |    580000 | NS      | $4647852.75   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)   | Commercial International Bank - Egypt (CIB)                                 | CUSIP: 000000000<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |   1850000 | NS      | $3905172.81   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                       | Sberbank of Russia PJSC                                                     | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |   5555460 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                  | Kaspi.KZ JSC                                                                | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     61500 | NS      | $5023320.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                                  | SK Hynix Inc                                                                | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     47700 | NS      | $11824728.09  | 3.66%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                | NU Holdings Ltd/Cayman Islands                                              | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    137500 | NS      | $2201375.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio                    | Invesco Treasury Portfolio                                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |   1387054 | NS      | $1387054.40   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA     | Multiplan Empreendimentos Imobiliarios SA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    122000 | NS      | $666590.26    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Rajhi Bank                                 | Al Rajhi Bank                                                               | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |    103000 | NS      | $2943245.02   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd     | Taiwan Semiconductor Manufacturing Co Ltd                                   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    728000 | NS      | $31622728.83  | 9.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                       | Saudi National Bank/The                                                     | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    252000 | NS      | $2632755.59   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                 | Credicorp Ltd                                                               | CUSIP: 000000000<br>LEI: 549300RHHGJ3HBB7GJ70 | Long             | EC               | CORP              | BM        |      9200 | NS      | $2449776.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI Industries Ltd                            | KEI Industries Ltd                                                          | CUSIP: 000000000<br>LEI: 335800UDWBC2AWPU7M56 | Long             | EC               | CORP              | IN        |     74500 | NS      | $3395968.60   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                              | MercadoLibre Inc                                                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      3420 | NS      | $7992334.80   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost SA                                     | InPost SA                                                                   | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |    250000 | NS      | $3077911.76   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Aditya Birla Capital Ltd                      | Aditya Birla Capital Ltd                                                    | CUSIP: 000000000<br>LEI: 5299009K0PUXVSIRL787 | Long             | EC               | CORP              | IN        |   1500000 | NS      | $4946612.19   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Smartfit Escola de Ginastica e Danca SA       | Smartfit Escola de Ginastica e Danca SA                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    729000 | NS      | $3654416.83   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ayala Land Inc                                | Ayala Land Inc                                                              | CUSIP: 000000000<br>LEI: 254900EWT10TQ6DKTV34 | Long             | EC               | CORP              | PH        |   2600000 | NS      | $1088754.65   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                          | Tencent Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    163000 | NS      | $13889163.78  | 4.30%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings Inc                               | KE Holdings Inc                                                             | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |    262000 | NS      | $4978000.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Mills Ltd/The                         | Phoenix Mills Ltd/The                                                       | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    310000 | NS      | $5426905.64   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc | International Container Terminal Services Inc                               | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    660000 | NS      | $5352538.93   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                 | HDFC Bank Ltd                                                               | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    175400 | NS      | $5991664.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mao Geping Cosmetics Co LTD                   | Mao Geping Cosmetics Co LTD                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    107000 | NS      | $1426096.09   | 0.44%             |  |  |  | No            |                  2 | On Loan: —       |
| Lemon Tree Hotels Ltd                         | Lemon Tree Hotels Ltd                                                       | CUSIP: 000000000<br>LEI: 335800QFBWIUBBCRJN72 | Long             | EC               | CORP              | IN        |   2183000 | NS      | $4089205.94   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd                             | Grab Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |    576000 | NS      | $3467520.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                    | Samsung Electronics Co Ltd                                                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    185000 | NS      | $8780286.79   | 2.72%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                    | BYD Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    365000 | NS      | $5159157.50   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA   | Powszechna Kasa Oszczednosci Bank Polski SA                                 | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    115000 | NS      | $2234527.79   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** VanEck Funds

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer