# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001410368-25-028359
**Filing Date:** 2025-11
**Character Count:** 47462
**Document Hash:** b9c4bf148aac1deda34bb6751aed7623
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028359.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028359

**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 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:** 251507723

**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 Junior Gold Miners ETF (Series ID: S000026955)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000081187 | VanEck Junior Gold Miners ETF | GDXJ            |

## Nport-Ex

VANECK

JUNIOR

GOLD

MINERS

ETF

SCHEDULE

OF

INVESTMENTS

September

30,

2025

(unaudited)

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 99.7%

#### Australia

#### :

#### 15.2%
Alkane

Resources

Ltd. \*

25,901,658

$

19,622,528

Aurelia

Metals

Ltd. \*

40,150,520

6,652,438

Australian

Strategic

Materials

Ltd. \*

Bellevue

Gold

Ltd. \*

†

23,892,088

18,030,466

Black

Cat

Syndicate

Ltd. \*

†

19,503,789

18,122,619

Capricorn

Metals

Ltd. \*

9,556,055

83,327,192

Catalyst

Metals

Ltd. \*

8,043,925

41,978,385

Emerald

Resources

NL \*

†

12,729,701

42,108,067

Evolution

Mining

Ltd. †

32,484,555

231,934,532

Firefinch

Ltd. †∞

54,133,739

3,480,081

Genesis

Minerals

Ltd. \*

†

22,889,894

88,682,761

Greatland

Resources

Ltd. \*

†

15,699,148

77,514,325

Kingsgate

Consolidated

Ltd. \*

†

8,152,373

20,701,521

Meeka

Metals

Ltd. \*

86,779,926

12,903,242

Ora

Banda

Mining

Ltd. \*

38,215,804

29,743,420

Pantoro

Gold

Ltd. \*

7,605,155

30,354,229

Perseus

Mining

Ltd.

31,624,461

101,905,540

Ramelius

Resources

Ltd.

56,903,267

145,170,620

Regis

Resources

Ltd.

16,526,170

65,395,842

Resolute

Mining

Ltd. \*

47,151,797

32,084,497

St

Barbara

Ltd. \*

†

28,106,651

9,910,334

Vault

Minerals

Ltd. \*

165,668,586

71,997,182

West

African

Resources

Ltd. \*

26,392,724

66,925,850

Westgold

Resources

Ltd. †

21,512,520

63,520,906

1,282,066,577

#### Burkina

#### Faso

#### :

#### 2.4%
IAMGOLD

Corp.

(USD) \*

15,826,187

204,632,598

Underline

#### Canada

#### :

#### 47.8%
Alamos

Gold,

Inc.

(USD)

14,801,995

515,997,546

Allied

Gold

Corp. \*

2,007,723

35,092,585

Artemis

Gold,

Inc. \*

†

5,178,000

135,795,041

Aya

Gold

&

Silver,

Inc. \*

†

3,590,512

41,546,100

B2Gold

Corp.

(USD) †

34,730,896

171,917,935

Centerra

Gold,

Inc.

(USD)

4,630,635

49,686,714

Dakota

Gold

Corp.

(USD) \*

2,984,772

13,580,713

Discovery

Silver

Corp. \*

17,001,464

63,049,845

DPM

Metals,

Inc. †

3,273,534

72,580,512

Endeavour

Silver

Corp.

(USD) \*

†

7,892,878

61,880,163

Equinox

Gold

Corp.

(USD) \*

†

‡

42,135,117

472,756,013

First

Majestic

Silver

Corp.

(USD)

12,945,456

159,099,654

Fortuna

Mining

Corp.

(USD) \*

†

8,932,071

80,031,356

Future

Mineral

Resources,

Inc. \*

168,999

43,725

G

Mining

Ventures

Corp. \*

†

4,875,623

96,888,728

Gold

Royalty

Corp.

(USD) \*

†

4,421,250

17,066,025

GoldMining,

Inc.

(USD) \*

6,331,056

7,787,199

K92

Mining,

Inc. \*

†

5,897,709

71,294,714

Lundin

Gold,

Inc. †

2,518,589

163,217,745

McEwen,

Inc.

(USD) \*

†

1,454,621

24,874,019

#### Number

#### of

#### Shares

#### Value

#### Canada
(continued)

Metalla

Royalty

&

Streaming

Ltd.

(USD) \*

†

2,312,333

$

14,683,314

New

Found

Gold

Corp. \*

†

4,611,818

10,971,049

New

Gold,

Inc.

(USD) \*

23,037,347

165,408,151

NorthX

Nickel

Corp. \*

†

179,304

29,639

Novagold

Resources,

Inc.

(USD) \*

†

6,820,930

60,024,184

OceanaGold

Corp.

6,204,755

132,487,617

OR

Royalties,

Inc.

(USD) †

4,285,295

171,754,624

Pan

American

Silver

Corp.

(USD)

14,568,241

564,227,974

Prime

Mining

Corp. \*

†

3,907,180

9,631,757

Sandstorm

Gold

Ltd.

(USD)

7,139,619

89,388,030

Seabridge

Gold,

Inc.

(USD) \*

†

2,486,416

60,046,946

Silvercorp

Metals,

Inc.

(USD) †

6,428,458

40,627,855

Skeena

Resources

Ltd.

(USD) \*

†

2,795,320

51,517,748

SSR

Mining,

Inc.

(USD) \*

5,579,914

136,261,500

Torex

Gold

Resources,

Inc. \*

†

2,126,786

88,409,733

Triple

Flag

Precious

Metals

Corp.

(USD) †

2,155,296

63,063,961

Victoria

Gold

Corp. \*

†∞

1,722,275

Vizsla

Silver

Corp.

(USD) \*

†

10,049,509

43,413,879

Wesdome

Gold

Mines

Ltd. \*

†

4,392,137

68,435,770

4,024,570,064

#### Cayman

#### Islands

#### :

#### 0.0%
Blue

Gold

Ltd.

(USD) \*

†

397,289

3,686,842

Underline

#### China

#### :

#### 2.9%
Chifeng

Jilong

Gold

Mining

Co.

Ltd.

(HKD) †

3,440,800

13,428,723

Wanguo

Gold

Group

Ltd.

(HKD) †

9,798,000

48,826,314

Zhaojin

Mining

Industry

Co.

Ltd.

(HKD) †

46,481,700

185,960,297

248,215,334

#### Colombia

#### :

#### 0.6%
Aris

Mining

Corp.

(USD) \*

5,056,619

49,554,866

Underline

#### Indonesia

#### :

#### 1.3%
Bumi

Resources

Minerals

Tbk

PT \*

2,197,384,300

110,671,745

Underline

#### Jersey,

#### Channel

#### Islands

#### :

#### 0.2%
Caledonia

Mining

Corp.

PLC

(USD) †

433,293

15,689,539

Underline

#### Mexico

#### :

#### 4.1%
Avino

Silver

&

Gold

Mines

Ltd.

(USD) \*

†

4,718,486

24,772,052

Industrias

Penoles

SAB

de

CV \*

5,908,763

263,811,401

Luca

Mining

Corp.

(CAD) \*

†

7,263,167

8,404,268

Orla

Mining

Ltd.

(USD) \*

†

4,119,471

44,490,287

341,478,008

VANECK

JUNIOR

GOLD

MINERS

ETF

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Number

#### of

#### Shares

#### Value

#### Peru

#### :

#### 2.1%
Cia

de

Minas

Buenaventura

SAA

(ADR)

5,390,550

$

131,152,082

Hochschild

Mining

PLC

(GBP)

10,088,453

48,442,309

179,594,391

#### South

#### Africa

#### :

#### 3.0%
DRDGOLD

Ltd.

(ADR) †

1,068,619

29,493,884

Harmony

Gold

Mining

Co.

Ltd.

(ADR)

12,246,930

222,281,780

251,775,664

#### Turkey

#### :

#### 2.1%
Eldorado

Gold

Corp.

(USD) \*

4,948,751

142,969,416

Koza

Anadolu

Metal

Madencilik

Isletmeleri

AS \*

5,891,761

12,771,246

Turk

Altin

Isletmeleri

AS \*

30,387,361

18,466,752

174,207,414

#### United

#### Kingdom

#### :

#### 2.9%
Endeavour

Mining

PLC

4,665,145

195,278,684

Pan

African

Resources

PLC

39,114,099

46,127,849

241,406,533

#### United

#### States

#### :

#### 15.1%
Aura

Minerals,

Inc.

(BRL)

(BDR)

3,606,583

43,342,249

Coeur

Mining,

Inc. \*

27,765,744

520,885,357

Contango

ORE,

Inc. \*

†

300,541

7,492,487

#### Number

#### of

#### Shares

#### Value

#### United

#### States
(continued)

GoGold

Resources,

Inc.

(CAD) \*

11,968,016

$

23,223,834

Hecla

Mining

Co.

15,681,171

189,742,169

Gold

Corp. \*

†

21,197,315

20,251,915

Idaho

Strategic

Resources,

Inc. \*

†

408,321

13,797,167

Perpetua

Resources

Corp. \*

†

2,347,591

47,491,766

Royal

Gold,

Inc.

2,025,509

406,276,595

1,272,503,539

#### Total

#### Common

#### Stocks
(Cost:

$4,532,707,478)

8,400,053,114

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 1.9%

#### Money

#### Market

#### Fund:

#### 1.9%
(Cost:

$156,134,221)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.18%(a)

156,134,221

156,134,221

#### Total

#### Investments:

#### 101.6%
(Cost:

$4,688,841,699)

8,556,187,335

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (1.6)%
(138,712,359)

#### NET

#### ASSETS:

#### 100.0%
$

8,417,474,976

#### Definitions:
ADR

American

Depositary

Receipt

BDR

Brazilian

Depositary

Receipt

BRL

Brazilian

Real

CAD

Canadian

Dollar

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

$531,136,200.

∞

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

in

the

fair

value

hierarchy.

‡

Affiliated

issuer

–

as

defined

under

the

Investment

Company

Act

of

1940. (a) Rate

shown

is

the

1-day

yield

as

of

09/30/25.

Transactions

in

and

earnings

from

securities

of

affiliates

for

the

period

ended

September

30,

2025

were

as

follows:

#### Value

#### 12/31/2024

#### Purchases

#### Sales

#### Proceeds

#### Net

#### Realized

#### Gain
(Loss)

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### Value

#### 9/30/2025

#### Dividend

#### Income
B2Gold

Corp.

$221,002,959

$44,427,237

$(274,858,079)

$47,471,477

$133,874,341

$–(a)

$4,893,034

Equinox

Gold

Corp.

–(b)

290,173,375

(33,410,295)

(808,492)

133,468,893

472,756,013

–

Harmony

Gold

Mining

Co.

Ltd.

263,223,043

53,996,816

(355,579,615)

173,435,642

87,205,894

–(a)

2,904,651

Total

$484,226,002

$388,597,428

$(663,847,989)

$220,098,627

$354,549,128

$472,756,013

$7,797,685

(a) Security

held

by

the

Fund,

however

not

classified

as

an

affiliate

at

the

end

of

the

reporting

period.

(b) Security

held

by

the

Fund,

however

not

classified

as

an

affiliate

at

the

beginning

of

the

reporting

period.

## 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 Junior Gold Miners ETF

- **b. EDGAR series identifier (if any):** S000026955

- **c. LEI of Series:** 549300P2HS5GYBL1ME59

**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:** $8576918597.38

**Total Liabilities:** $159457014.97

**Net Assets:** $8417461582.41

**Cash Not Reported:** $8683766.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000081187 | -5.16%               | 23.82%               | 24.48%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6396471.17              | $-286760325.73                             |
| Month 2  | $2743263.69              | $1244814601.86                             |
| Month 3  | $505600280.33            | $1109704695.33                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Contango ORE Inc                             | Contango ORE Inc                                                            | CUSIP: 21077F100<br>LEI: 254900PFYX4KDRISX581 | Long             | EC               | CORP              | US        |     300541 | NS      | $7492487.13   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Endeavour Mining PLC                         | Endeavour Mining PLC                                                        | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    4665145 | NS      | $195278683.66 | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| GoGold Resources Inc                         | GoGold Resources Inc                                                        | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |   11968016 | NS      | $23223834.41  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Strategic Materials Ltd           | Australian Strategic Materials Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |          1 | NS      | $0.38         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OR Royalties Inc                             | OR Royalties Inc                                                            | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    4285295 | NS      | $171754623.60 | 2.04%             |  |  |  | No            |                  1 | On Loan: —       |
| DRDGOLD Ltd                                  | DRDGOLD Ltd                                                                 | CUSIP: 26152H301<br>LEI: 529900Z0P3GRRN23MG34 | Long             | EC               | CORP              | ZA        |    1068619 | NS      | $29493884.40  | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Idaho Strategic Resources Inc                | Idaho Strategic Resources Inc                                               | CUSIP: 645827205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     408321 | NS      | $13797166.59  | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Metalla Royalty & Streaming Ltd              | Metalla Royalty & Streaming Ltd                                             | CUSIP: 59124U605<br>LEI: 549300RPR0O774QEKV20 | Long             | EC               | CORP              | CA        |    2312333 | NS      | $14683314.55  | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| GoldMining Inc                               | GoldMining Inc                                                              | CUSIP: 38149E101<br>LEI: 5493001ARXU0JC329006 | Long             | EC               | CORP              | CA        |    6331056 | NS      | $7787198.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortuna Mining Corp                          | Fortuna Mining Corp                                                         | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |    8932071 | NS      | $80031356.16  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| Industrias Penoles SAB de CV                 | Industrias Penoles SAB de CV                                                | CUSIP: 000000000<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |    5908763 | NS      | $263811401.36 | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                               | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |    2025509 | NS      | $406276595.22 | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Triple Flag Precious Metals Corp             | Triple Flag Precious Metals Corp                                            | CUSIP: 89679M104<br>LEI: 254900R7NJ1TEYIM4E61 | Long             | EC               | CORP              | CA        |    2155296 | NS      | $63063960.96  | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Resolute Mining Ltd                          | Resolute Mining Ltd                                                         | CUSIP: 000000000<br>LEI: 254900MP8JONT590XY28 | Long             | EC               | CORP              | AU        |   47151797 | NS      | $32084496.86  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Wanguo Gold Group Ltd                        | Wanguo Gold Group Ltd                                                       | CUSIP: 000000000<br>LEI: 984500A4815DA9DE4623 | Long             | EC               | CORP              | KY        |    9798000 | NS      | $48826313.81  | 0.58%             |  |  |  | No            |                  2 | On Loan: —       |
| Zhaojin Mining Industry Co Ltd               | Zhaojin Mining Industry Co Ltd                                              | CUSIP: 000000000<br>LEI: 3003007KU2DRDX06PN04 | Long             | EC               | CORP              | CN        |   46481700 | NS      | $185960297.36 | 2.21%             |  |  |  | No            |                  2 | On Loan: —       |
| DPM Metals Inc                               | DPM Metals Inc                                                              | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    3273534 | NS      | $72580511.64  | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Gold Royalty Corp                            | Gold Royalty Corp                                                           | CUSIP: 38071H106<br>LEI: 984500FC5D5B5YDB4B90 | Long             | EC               | CORP              | CA        |    4421250 | NS      | $17066025.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Luca Mining Corp                             | Luca Mining Corp                                                            | CUSIP: 54929M106<br>LEI: 875500QZ1JRZS7VYL982 | Long             | EC               | CORP              | CA        |    7263167 | NS      | $8404268.27   | 0.10%             |  |  |  | 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        |  155767896 | NS      | $155767896.30 | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Metals Ltd                          | Catalyst Metals Ltd                                                         | CUSIP: 000000000<br>LEI: 9845002GB72C3J4A3E64 | Long             | EC               | CORP              | AU        |    8043925 | NS      | $41978384.78  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Mining Ltd                         | Evolution Mining Ltd                                                        | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |   32484555 | NS      | $231934532.03 | 2.76%             |  |  |  | No            |                  2 | On Loan: —       |
| Alkane Resources Ltd                         | Alkane Resources Ltd                                                        | CUSIP: 000000000<br>LEI: 529900R65IIVLPW4ZS42 | Long             | EC               | CORP              | AU        |   25901658 | NS      | $19622527.48  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Aura Minerals Inc                            | Aura Minerals Inc                                                           | CUSIP: 000000000<br>LEI: 549300YIRI8PSDM2FV20 | Long             | EC               | CORP              | VG        |    3606583 | NS      | $43342248.59  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Prime Mining Corp                            | Prime Mining Corp                                                           | CUSIP: 74167M105<br>LEI: 5493006KEVX2PYRAXX06 | Long             | EC               | CORP              | CA        |    3907180 | NS      | $9631757.51   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Perpetua Resources Corp                      | Perpetua Resources Corp                                                     | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | CA        |    2347591 | NS      | $47491765.93  | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Pan African Resources PLC                    | Pan African Resources PLC                                                   | CUSIP: 000000000<br>LEI: 213800EAXURCXMX6RL85 | Long             | EC               | CORP              | GB        |   39114099 | NS      | $46127848.96  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| West African Resources Ltd                   | West African Resources Ltd                                                  | CUSIP: 000000000<br>LEI: 529900XLO8GMJNTUL013 | Long             | EC               | CORP              | AU        |   26392724 | NS      | $66925849.73  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| G Mining Ventures Corp                       | G Mining Ventures Corp                                                      | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    4875623 | NS      | $96888727.86  | 1.15%             |  |  |  | No            |                  1 | On Loan: —       |
| SSR Mining Inc                               | SSR Mining Inc                                                              | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |    5579914 | NS      | $136261499.88 | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FIREFINCH LTD.                               | FIREFINCH LTD.                                                              | CUSIP: 000000000<br>LEI: 52990065EGEF8FEI8S51 | Long             | EC               | CORP              | AU        |   54133739 | NS      | $3480081.17   | 0.04%             |  |  |  | No            |                  3 | On Loan: —       |
| K92 Mining Inc                               | K92 Mining Inc                                                              | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |    5897709 | NS      | $71294714.23  | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Bumi Resources Minerals Tbk PT               | Bumi Resources Minerals Tbk PT                                              | CUSIP: 000000000<br>LEI: 529900KOJVEVTZ5IRE24 | Long             | EC               | CORP              | ID        | 2197384300 | NS      | $110671744.84 | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Novagold Resources Inc                       | Novagold Resources Inc                                                      | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               | CORP              | CA        |    6820930 | NS      | $60024184.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Silvercorp Metals Inc                        | Silvercorp Metals Inc                                                       | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |    6428458 | NS      | $40627854.56  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Hochschild Mining PLC                        | Hochschild Mining PLC                                                       | CUSIP: 000000000<br>LEI: 549300JK10TVQ3CCJQ89 | Long             | EC               | CORP              | GB        |   10088453 | NS      | $48442309.22  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Orla Mining Ltd                              | Orla Mining Ltd                                                             | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |    4119471 | NS      | $44490286.80  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Centerra Gold Inc                            | Centerra Gold Inc                                                           | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |    4630635 | NS      | $49686713.55  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp                              | OceanaGold Corp                                                             | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |    6204755 | NS      | $132487617.54 | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp                        | Endeavour Silver Corp                                                       | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |    7892878 | NS      | $61880163.52  | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Wesdome Gold Mines Ltd                       | Wesdome Gold Mines Ltd                                                      | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |    4392137 | NS      | $68435769.84  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Genesis Minerals Ltd                         | Genesis Minerals Ltd                                                        | CUSIP: 000000000<br>LEI: 894500AK5BVRCNP0FP48 | Long             | EC               | CORP              | AU        |   22889894 | NS      | $88682761.27  | 1.05%             |  |  |  | No            |                  2 | On Loan: —       |
| Victoria Gold Corp/Vancouver                 | Victoria Gold Corp/Vancouver                                                | CUSIP: 92625W507<br>LEI: 9845005Q1367V3D4N057 | Long             | EC               | CORP              | CA        |    1722275 | NS      | $1.24         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| Cia de Minas Buenaventura SAA                | Cia de Minas Buenaventura SAA                                               | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |    5390550 | NS      | $131152081.50 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Avino Silver & Gold Mines Ltd                | Avino Silver & Gold Mines Ltd                                               | CUSIP: 053906103<br>LEI: 549300DZZNDMPML1VJ37 | Long             | EC               | CORP              | CA        |    4718486 | NS      | $24772051.50  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Koza Anadolu Metal Madencilik Isletmeleri AS | Koza Anadolu Metal Madencilik Isletmeleri AS                                | CUSIP: 000000000<br>LEI: 789000DVKGVEC9701443 | Long             | EC               | CORP              | TR        |    5891761 | NS      | $12771245.86  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Black Cat Syndicate Ltd                      | Black Cat Syndicate Ltd                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   19503789 | NS      | $18122618.81  | 0.22%             |  |  |  | No            |                  2 | On Loan: —       |
| Westgold Resources Ltd                       | Westgold Resources Ltd                                                      | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |   21512520 | NS      | $63520906.25  | 0.75%             |  |  |  | No            |                  2 | On Loan: —       |
| New Found Gold Corp                          | New Found Gold Corp                                                         | CUSIP: 64440N103<br>LEI: 98450056568BF2A90783 | Long             | EC               | CORP              | CA        |    4611818 | NS      | $10971049.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Emerald Resources NL                         | Emerald Resources NL                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   12729701 | NS      | $42108067.24  | 0.50%             |  |  |  | No            |                  2 | On Loan: —       |
| Coeur Mining Inc                             | Coeur Mining Inc                                                            | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |   27765744 | NS      | $520885357.44 | 6.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                   | Harmony Gold Mining Co Ltd                                                  | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |   12246930 | NS      | $222281779.50 | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                       | Ramelius Resources Ltd                                                      | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |   56903267 | NS      | $145170619.61 | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Dakota Gold Corp                             | Dakota Gold Corp                                                            | CUSIP: 46655E100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    2984772 | NS      | $13580712.60  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurelia Metals Ltd                           | Aurelia Metals Ltd                                                          | CUSIP: 000000000<br>LEI: 5493005OS7G5RY15ND07 | Long             | EC               | CORP              | AU        |   40150520 | NS      | $6652437.43   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corp                             | Aris Mining Corp                                                            | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |    5056619 | NS      | $49554866.20  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                              | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |   14801995 | NS      | $515997545.70 | 6.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc                           | Seabridge Gold Inc                                                          | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |    2486416 | NS      | $60046946.40  | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Meeka Metals Ltd                             | Meeka Metals Ltd                                                            | CUSIP: 000000000<br>LEI: 529900KOA7NX3J2DL230 | Long             | EC               | CORP              | AU        |   86779926 | NS      | $12903241.81  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd                           | Perseus Mining Ltd                                                          | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   31624461 | NS      | $101905540.22 | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Future Mineral Resources Inc                 | Future Mineral Resources Inc                                                | CUSIP: 361155104<br>LEI: 529900XNJXY9TXU14539 | Long             | EC               | CORP              | CA        |     168999 | NS      | $43725.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                           | Eldorado Gold Corp                                                          | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    4948751 | NS      | $142969416.39 | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd                          | Regis Resources Ltd                                                         | CUSIP: 000000000<br>LEI: 213800XH9YUXBLYBD749 | Long             | EC               | CORP              | AU        |   16526170 | NS      | $65395842.12  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Vault Minerals Ltd                           | Vault Minerals Ltd                                                          | CUSIP: 000000000<br>LEI: 5299008TF8KHQ8CIQG34 | Long             | EC               | CORP              | AU        |  165668586 | NS      | $71997181.70  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Ora Banda Mining Ltd                         | Ora Banda Mining Ltd                                                        | CUSIP: 000000000<br>LEI: 984500DAD3BDFDHBD844 | Long             | EC               | CORP              | AU        |   38215804 | NS      | $29743420.29  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| St Barbara Ltd                               | St Barbara Ltd                                                              | CUSIP: 000000000<br>LEI: 2549001WR6XSXNOD1F93 | Long             | EC               | CORP              | AU        |   28106651 | NS      | $9910334.38   | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Blue Gold Ltd                                | Blue Gold Ltd                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     397289 | NS      | $3686841.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Lundin Gold Inc                              | Lundin Gold Inc                                                             | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    2518589 | NS      | $163217744.81 | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Aya Gold & Silver Inc                        | Aya Gold & Silver Inc                                                       | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    3590512 | NS      | $41546099.76  | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Bellevue Gold Ltd                            | Bellevue Gold Ltd                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   23892088 | NS      | $18030465.50  | 0.21%             |  |  |  | No            |                  2 | On Loan: —       |
| Chifeng Jilong Gold Mining Co Ltd            | Chifeng Jilong Gold Mining Co Ltd                                           | CUSIP: 000000000<br>LEI: 300300PUFBCIZ7STN538 | Long             | EC               | CORP              | CN        |    3440800 | NS      | $13428722.79  | 0.16%             |  |  |  | No            |                  2 | On Loan: —       |
| Skeena Resources Ltd                         | Skeena Resources Ltd                                                        | CUSIP: 83056P715<br>LEI: 549300DCWSQFVVZ21289 | Long             | EC               | CORP              | CA        |    2795320 | NS      | $51517747.60  | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Discovery Silver Corp                        | Discovery Silver Corp                                                       | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |   17001464 | NS      | $63049844.93  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vizsla Silver Corp                           | Vizsla Silver Corp                                                          | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |   10049509 | NS      | $43413878.88  | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| New Gold Inc                                 | New Gold Inc                                                                | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |   23037347 | NS      | $165408151.46 | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Allied Gold Corp                             | Allied Gold Corp                                                            | CUSIP: 01921D204<br>LEI: 894500S5G4JFSRGK8L37 | Long             | EC               | CORP              | CA        |    2007723 | NS      | $35092585.42  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Greatland Resources Ltd                      | Greatland Resources Ltd                                                     | CUSIP: 000000000<br>LEI: 213800KQI75ZGE53GX44 | Long             | EC               | CORP              | AU        |   15699148 | NS      | $77514325.40  | 0.92%             |  |  |  | No            |                  2 | On Loan: —       |
| Hecla Mining Co                              | Hecla Mining Co                                                             | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |   15681171 | NS      | $189742169.10 | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthX Nickel Corp                           | NorthX Nickel Corp                                                          | CUSIP: 66860Q102<br>LEI: 9845003C01098TB36407 | Long             | EC               | CORP              | CA        |     179304 | NS      | $29639.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Torex Gold Resources Inc                     | Torex Gold Resources Inc                                                    | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    2126786 | NS      | $88409732.82  | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Kingsgate Consolidated Ltd                   | Kingsgate Consolidated Ltd                                                  | CUSIP: 000000000<br>LEI: 529900B1W7D8DLEC7178 | Long             | EC               | CORP              | AU        |    8152373 | NS      | $20701521.24  | 0.25%             |  |  |  | No            |                  2 | On Loan: —       |
| Pantoro Gold Ltd                             | Pantoro Gold Ltd                                                            | CUSIP: 000000000<br>LEI: 254900ZMQXTNJJIP4K51 | Long             | EC               | CORP              | AU        |    7605155 | NS      | $30354228.97  | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| i-80 Gold Corp                               | i-80 Gold Corp                                                              | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Long             | EC               | CORP              | CA        |   21197315 | NS      | $20251914.75  | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Turk Altin Isletmeleri AS                    | Turk Altin Isletmeleri AS                                                   | CUSIP: 000000000<br>LEI: 789000D7X9KM1ZIJX609 | Long             | EC               | CORP              | TR        |   30387361 | NS      | $18466751.64  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| B2Gold Corp                                  | B2Gold Corp                                                                 | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |   34730896 | NS      | $171917935.20 | 2.04%             |  |  |  | No            |                  1 | On Loan: —       |
| McEwen Inc                                   | McEwen Inc                                                                  | CUSIP: 58039P305<br>LEI: 5493000FX50GEWAF3U70 | Long             | EC               | CORP              | US        |    1454621 | NS      | $24874019.10  | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Equinox Gold Corp                            | Equinox Gold Corp                                                           | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   42135117 | NS      | $472756012.74 | 5.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Pan American Silver Corp                     | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |   14568241 | NS      | $564227973.93 | 6.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricorn Metals Ltd                         | Capricorn Metals Ltd                                                        | CUSIP: 000000000<br>LEI: 529900CRG304NUYMOV23 | Long             | EC               | CORP              | AU        |    9556055 | NS      | $83327192.21  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| IAMGOLD Corp                                 | IAMGOLD Corp                                                                | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |   15826187 | NS      | $204632597.91 | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp                   | First Majestic Silver Corp                                                  | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |   12945456 | NS      | $159099654.24 | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Caledonia Mining Corp PLC                    | Caledonia Mining Corp PLC                                                   | CUSIP: 000000000<br>LEI: 21380093ZBI4BFM75Y51 | Long             | EC               | CORP              | JE        |     433293 | NS      | $15689539.53  | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Sandstorm Gold Ltd                           | Sandstorm Gold Ltd                                                          | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |    7139619 | NS      | $89388029.88  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Artemis Gold Inc                             | Artemis Gold Inc                                                            | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |    5178000 | NS      | $135795040.97 | 1.61%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer