# EDGAR Filing Document

**Accession Number:** 0000768847
**File Stem:** 0001752724-23-042702
**Filing Date:** 2023-2
**Character Count:** 45093
**Document Hash:** 985e113dc893e293c3036dad1424e4b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-042702.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-042702

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck Funds
- **CENTRAL INDEX KEY:** 0000768847
- **IRS NUMBER:** 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:** 23673429

**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 Bond Fund (Series ID: S000037153)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000114413 | Class A      | EMBAX           |
| C000117963 | Class I      | EMBUX           |
| C000117964 | Class Y      | EMBYX           |

## 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:** VanEck Emerging Markets Bond Fund

- **b. EDGAR series identifier (if any):** S000037153

- **c. LEI of Series:** 549300R2WNISS5D4WP38

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $9996222.45

**Total Liabilities:** $493471.59

**Net Assets:** $9502750.86

**Cash Not Reported:** $62932.02

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -2.25000000 | **1-Year:** -80.51000000 | **5-Year:** -300.08000000 | **10-Year:** -565.24000000 | **30-Year:** -796.53000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -5.78000000 | **1-Year:** -210.99000000 | **5-Year:** -510.01000000 | **10-Year:** -481.15000000 | **30-Year:** -251.84000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000114413 | -2.51%               | 10.05%               | 2.82%                |
| Class ID C000117964 | -2.46%               | 9.96%                | 2.82%                |
| Class ID C000117963 | -2.54%               | 10.09%               | 2.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-267124.53              | $19922.26                                  |
| Month 2  | $-95980.82               | $949669.25                                 |
| Month 3  | $-29078.39               | $234008.77                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADANIREN KODSOPAR WARSOM     | Adani Renewable Energy RJ Ltd/Kodangal Solar Parks Pvt Ltd/Wardha Solar Maharash | CUSIP: 00654CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     122006 | PA      | $92358.73     | 0.97%             | 2039-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD              | IHS Holding Ltd                                                                  | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      77000 | PA      | $64218.00     | 0.68%             | 2026-11-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CORPORACION GEO SA DE CV     | Corp GEO SAB de CV                                                               | CUSIP: 000000000<br>LEI: 54930004KSSRAZ2P6765 | Long             | DBT              | CORP              | MX        |     380000 | PA      | $7.60         | 0.00%             | 2020-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF RWANDA           | Rwanda International Government Bond                                             | CUSIP: 78347YAL7<br>LEI: 213800DQC28OBRZDYJ87 | Long             | DBT              | NUSS              | RW        |      23000 | PA      | $17638.24     | 0.19%             | 2031-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS          | Petroleos Mexicanos                                                              | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     236000 | PA      | $215496.00    | 2.27%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: —       |
| INDONESIA GOVERNMENT         | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 3120000000 | PA      | $196609.60    | 2.07%             | 2026-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND     | Saudi Government International Bond                                              | CUSIP: 80413TAL3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     269000 | PA      | $264657.80    | 2.79%             | 2050-01-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| YUZHOU GROUP                 | Yuzhou Group Holdings Co Ltd                                                     | CUSIP: 000000000<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |     333000 | PA      | $32564.07     | 0.34%             | 2025-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Senegal          | Senegal Government International Bond                                            | CUSIP: 81720TAC9<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      51000 | PA      | $42297.77     | 0.45%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Kingdom of Jordan            | Jordan Government International Bond                                             | CUSIP: 418097AJ0<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |      48000 | PA      | $41433.79     | 0.44%             | 2047-10-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU             | Peruvian Government International Bond                                           | CUSIP: 715638DR0<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     164000 | PA      | $95707.29     | 1.01%             | 2121-07-28      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS          | Petroleos Mexicanos                                                              | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      80000 | PA      | $55543.98     | 0.58%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN       | Republic of Uzbekistan International Bond                                        | CUSIP: 91822Q2F3<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |  600000000 | PA      | $50437.26     | 0.53%             | 2024-07-19      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT         | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 2201000000 | PA      | $143013.02    | 1.50%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COLOMBIA TELECOMUNICACIO     | Colombia Telecomunicaciones SA ESP                                               | CUSIP: 000000000<br>LEI: 549300CK4YN0V1C3MN55 | Long             | DBT              | CORP              | CO        |      73000 | PA      | $58390.51     | 0.61%             | 2030-07-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD         | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      72000 | PA      | $62280.00     | 0.66%             | 2024-07-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND      | Romania Government Bond                                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |       5000 | PA      | $991.67       | 0.01%             | 2032-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| United Mexican States        | Mexico Government International Bond                                             | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     252000 | PA      | $230051.40    | 2.42%             | 2114-03-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings Ltd     | Kaisa Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |     317000 | PA      | $44380.71     | 0.47%             | 2022-06-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PL             | SEPLAT Energy PLC                                                                | CUSIP: 81733LAB3<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |     102000 | PA      | $82112.04     | 0.86%             | 2026-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OIL & GAS HOLDING            | Oil and Gas Holding Co BSCC/The                                                  | CUSIP: 67778NAA6<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |      71000 | PA      | $72786.79     | 0.77%             | 2027-10-25      | Fixed         | 7.50%                 | No            |                  2 | 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        |      53138 | NS      | $53137.50     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SINO OCEAN LND TRS FIN I     | Sino-Ocean Land Treasure Finance I Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |     252000 | PA      | $162540.00    | 1.71%             | 2024-07-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| China Evergrande Group       | China Evergrande Group                                                           | CUSIP: 000000000<br>LEI: 549300CUF7B1LAB15T90 | Long             | DBT              | CORP              | KY        |     331000 | PA      | $24411.25     | 0.26%             | 2022-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA         | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |      42000 | PA      | $40267.50     | 0.42%             | 2026-02-12      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND       | Zambia Government Bond                                                           | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     890000 | PA      | $25089.59     | 0.26%             | 2031-12-27      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA         | YPF SA                                                                           | CUSIP: 984245AU4<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |      72543 | PA      | $69550.60     | 0.73%             | 2026-02-12      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UZAUTO MOTORS AJ             | Uzauto Motors AJ                                                                 | CUSIP: 46653NAA0<br>LEI: 25490082QA3E2MKBZI88 | Long             | DBT              | CORP              | UZ        |      83000 | PA      | $68783.76     | 0.72%             | 2026-05-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD         | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      79000 | PA      | $54213.36     | 0.57%             | 2026-05-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Czech Republic               | Czech Republic Government Bond                                                   | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    4370000 | PA      | $167640.20    | 1.76%             | 2026-06-26      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH          | Suzano Austria GmbH                                                              | CUSIP: 86964WAK8<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |     114000 | PA      | $89047.24     | 0.94%             | 2032-01-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SHIMAO GROUP HOLDINGS LT     | Shimao Group Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900WTJ6B5CU69ZD26 | Long             | DBT              | CORP              | KY        |     137000 | PA      | $26027.63     | 0.27%             | 2026-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TRANSPRTDRA DE GAS INTL      | Transportadora de Gas Internacional SA ESP                                       | CUSIP: 000000000<br>LEI: 529900780HCVLCEM2440 | Long             | DBT              | CORP              | CO        |      30000 | PA      | $27578.25     | 0.29%             | 2028-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT         | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 1000000000 | PA      | $64364.86     | 0.68%             | 2043-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA        | Minerva Luxembourg SA                                                            | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |      81000 | PA      | $66503.62     | 0.70%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN      | Pakistan Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      42000 | PA      | $15162.00     | 0.16%             | 2036-03-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA           | Peru Government Bond                                                             | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     236000 | PA      | $49776.23     | 0.52%             | 2034-08-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Republic of Gabon            | Gabon Government International Bond                                              | CUSIP: 362420AC5<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      16000 | PA      | $15200.00     | 0.16%             | 2025-06-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA         | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |      90000 | PA      | $75620.49     | 0.80%             | 2025-07-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND     | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    4725000 | PA      | $116495.48    | 1.23%             | 2035-12-17      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS        | Bonos de la Tesoreria de la Republica en pesos                                   | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  260000000 | PA      | $300432.90    | 3.16%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KUWAIT INTL BOND             | Kuwait International Government Bond                                             | CUSIP: 501499AB3<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |      50000 | PA      | $48620.85     | 0.51%             | 2027-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of Angola           | Angolan Government International Bond                                            | CUSIP: 035198AA8<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     120000 | PA      | $123787.20    | 1.30%             | 2025-11-12      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT        | Costa Rica Government International Bond                                         | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |      21000 | PA      | $20431.88     | 0.22%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| EASY TACTIC LTD              | Easy Tactic Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300WYFMC41MKE6E16 | Long             | DBT              | CORP              | VG        |     105000 | PA      | $25278.75     | 0.27%             | 2025-07-11      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL     | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1595000 | PA      | $289020.69    | 3.04%             | 2025-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC           | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     117000 | PA      | $95011.91     | 1.00%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: —       |
| Republic of Congo            | Congolese International Bond                                                     | CUSIP: 000000000<br>LEI: 529900BXT90HR4QTB688 | Long             | SN               | NUSS              | CG        |     226100 | PA      | $189337.27    | 1.99%             | 2029-06-30      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Sunac China Holdings Ltd     | Sunac China Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |     207000 | PA      | $45666.86     | 0.48%             | 2023-04-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND     | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    7940000 | PA      | $219552.64    | 2.31%             | 2029-12-17      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| CIFI HOLDINGS GROUP          | CIFI Holdings Group Co Ltd                                                       | CUSIP: 000000000<br>LEI: 549300WGKSV867C0JF48 | Long             | DBT              | CORP              | KY        |     169000 | PA      | $45335.68     | 0.48%             | 2024-03-28      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Kingdom of Morocco           | Morocco Government International Bond                                            | CUSIP: 617726AG9<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      28000 | PA      | $24143.42     | 0.25%             | 2042-12-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES      | Philippine Government International Bond                                         | CUSIP: 718286BM8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    9973000 | PA      | $163480.94    | 1.72%             | 2036-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HUARONG FINANCE 2019         | Huarong Finance 2019 Co Ltd                                                      | CUSIP: 000000000<br>LEI: 549300M6T6OW4AGYHK10 | Long             | DBT              | CORP              | VG        |      93000 | PA      | $88429.38     | 0.93%             | 2024-05-29      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ROMANIA GOVERNMENT BOND      | Romania Government Bond                                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     460000 | PA      | $86166.67     | 0.91%             | 2029-02-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD         | JSW Hydro Energy Ltd                                                             | CUSIP: 000000000<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |      93810 | PA      | $78326.36     | 0.82%             | 2031-05-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA        | Argentine Republic Government International Bond                                 | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     111000 | PA      | $30120.93     | 0.32%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos          | Petroleos Mexicanos                                                              | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      47000 | PA      | $34228.96     | 0.36%             | 2035-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| OMAN GOV INTERNTL BOND       | Oman Government International Bond                                               | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |      71000 | PA      | $71658.74     | 0.75%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND          | Korea Treasury Bond                                                              | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |  235000000 | PA      | $180995.57    | 1.90%             | 2027-09-10      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD         | Longfor Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |     115000 | PA      | $84525.00     | 0.89%             | 2029-09-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| INDIA CLEAN ENERGY HLDG      | India Clean Energy Holdings                                                      | CUSIP: 000000000<br>LEI: 254900XQFJ9593DCY022 | Long             | DBT              | CORP              | MU        |      18000 | PA      | $14229.00     | 0.15%             | 2027-04-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY     | Uruguay Government International Bond                                            | CUSIP: 917288BM3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    3227000 | PA      | $70110.06     | 0.74%             | 2031-05-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND          | Korea Treasury Bond                                                              | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |   48000000 | PA      | $36722.48     | 0.39%             | 2032-06-10      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UAE INT'L GOVT BOND          | UAE INTERNATIONAL GOVERNMENT BOND                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     152000 | PA      | $152130.26    | 1.60%             | 2052-07-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos          | Petroleos Mexicanos                                                              | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      70000 | PA      | $66272.89     | 0.70%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL     | Brazil Notas do Tesouro Nacional Serie F                                         | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1105000 | PA      | $179129.90    | 1.89%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF POLAND           | Republic of Poland Government International Bond                                 | CUSIP: 857524AE2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |      90000 | PA      | $96143.67     | 1.01%             | 2032-11-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ISRAEL FIXED BOND            | Israel Government Bond - Fixed                                                   | CUSIP: 000000000<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     552000 | PA      | $161802.85    | 1.70%             | 2047-03-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND     | Thailand Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    6675000 | PA      | $199198.61    | 2.10%             | 2028-06-17      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT          | Malaysia Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     582000 | PA      | $120682.05    | 1.27%             | 2050-06-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY         | Paraguay Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |      52000 | PA      | $50446.68     | 0.53%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PROMIGAS/GASES PACIFICO      | Promigas SA ESP / Gases del Pacifico SAC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      40000 | PA      | $32645.39     | 0.34%             | 2029-10-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT         | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 2874000000 | PA      | $185076.92    | 1.95%             | 2038-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Republic of Turkey           | Turkey Government International Bond                                             | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     428000 | PA      | $293180.00    | 3.09%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL     | AES Panama Generation Holdings SRL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |      77000 | PA      | $67070.47     | 0.71%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                  | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      35736 | PA      | $33888.49     | 0.36%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT          | Malaysia Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    1019000 | PA      | $243248.89    | 2.56%             | 2037-04-07      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| INDIA CLEAN ENERGY HLDG      | India Clean Energy Holdings                                                      | CUSIP: 45409MAA1<br>LEI: 254900XQFJ9593DCY022 | Long             | DBT              | CORP              | MU        |      68000 | PA      | $53754.00     | 0.57%             | 2027-04-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SINGTEL GROUP TREASURY       | SingTel Group Treasury Pte Ltd                                                   | CUSIP: 000000000<br>LEI: 2549002FQJ4364A54N70 | Long             | DBT              | CORP              | SG        |      90000 | PA      | $77073.52     | 0.81%             | 2029-08-28      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Republic of Sri Lanka        | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900HXCCIOHM74FA02 | Long             | DBT              | NUSS              | LK        |     764000 | PA      | $242537.06    | 2.55%             | 2023-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND       | Zambia Government Bond                                                           | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    5811000 | PA      | $170466.46    | 1.79%             | 2031-01-25      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| QATAR ENERGY TRADING LLC     | QatarEnergy Trading LLC                                                          | CUSIP: 74730DAD5<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |      37000 | PA      | $27409.60     | 0.29%             | 2051-07-12      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ANTON OILFIELD SERV GRP/     | Anton Oilfield Services Group/Hong Kong                                          | CUSIP: 000000000<br>LEI: 30030021ZM71H1GIKX11 | Long             | DBT              | CORP              | KY        |     113000 | PA      | $79145.77     | 0.83%             | 2025-01-26      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio   | Invesco Treasury Portfolio                                                       | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |     190224 | NS      | $190223.69    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF GUATEMALA        | Guatemala Government Bond                                                        | CUSIP: 401494AV1<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |      25000 | PA      | $24218.75     | 0.25%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA            | Republic of Kenya Government International Bond                                  | CUSIP: 491798AJ3<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      69000 | PA      | $62046.11     | 0.65%             | 2027-05-22      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE     | Provincia de Buenos Aires/Government Bonds                                       | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |        455 | PA      | $131.38       | 0.00%             | 2037-09-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| MEDCO LAUREL TREE            | Medco Laurel Tree Pte Ltd                                                        | CUSIP: 000000000<br>LEI: 254900SX7FFGRREZD046 | Long             | DBT              | CORP              | SG        |      60000 | PA      | $53315.33     | 0.56%             | 2028-11-12      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND       | Republic of Poland Government Bond                                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     872000 | PA      | $130839.31    | 1.38%             | 2032-04-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL       | Star Energy Geothermal Wayang Windu Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |      85945 | PA      | $81396.72     | 0.86%             | 2033-04-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND      | Hungary Government Bond                                                          | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   93900000 | PA      | $133776.93    | 1.41%             | 2038-10-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY     | Uruguay Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    6048000 | PA      | $138434.52    | 1.46%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT          | Malaysia Government Bond                                                         | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     975000 | PA      | $221760.03    | 2.33%             | 2027-11-16      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA           | Peru Government Bond                                                             | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     398000 | PA      | $92142.98     | 0.97%             | 2032-08-12      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Nakilat Inc                  | Nakilat Inc                                                                      | CUSIP: 000000000<br>LEI: 2549006RMTDJWLLWF072 | Long             | DBT              | CORP              | MH        |      93848 | PA      | $96970.18     | 1.02%             | 2033-12-31      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT         | Indonesia Treasury Bond                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  900000000 | PA      | $55725.71     | 0.59%             | 2032-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA         | Colombian TES                                                                    | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 1976800000 | PA      | $288811.82    | 3.04%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WEST CHINA CEMENT LTD        | West China Cement Ltd                                                            | CUSIP: 000000000<br>LEI: 529900MMG3NBTIWPPR63 | Long             | DBT              | CORP              | JE        |     124000 | PA      | $105400.00    | 1.11%             | 2026-07-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Government of Jamaica        | Jamaica Government International Bond                                            | CUSIP: 470160CB6<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |      43000 | PA      | $48521.92     | 0.51%             | 2045-07-28      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** VanEck Funds

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer