# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001410368-26-020309
**Filing Date:** 2026-2
**Character Count:** 17121
**Document Hash:** e2bb5f632430f1d5470af9b1517ec86f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-020309.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001410368-26-020309

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10325
- **FILM NUMBER:** 26694346

**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 BDC Income ETF (Series ID: S000033466)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000102898 | VanEck BDC Income ETF | BIZD            |

## 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 BDC Income ETF

- **b. EDGAR series identifier (if any):** S000033466

- **c. LEI of Series:** 5493000CQN0MMJGTGK14

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1902768024.45

**Total Liabilities:** $296726718.59

**Net Assets:** $1606041305.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102898 | -1.11%               | 1.72%                | -0.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1473863.06              | $-15808218.66                              |
| Month 2  | $557129.01               | $14563568.51                               |
| Month 3  | $1682337.59              | $-31974494.32                              |

**Designated Index Information**

- **Index Name:** MVIS US Business Development Companies Index (TR Gross)

- **Index Identifier:** MVBDCTRG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MidCap Financial Investment Corp      | MidCap Financial Investment Corp                                                              | CUSIP: 03761U502<br>LEI: 5493005P14I7WFB3FW47 | Long             | EC               | CORP              | US        |   1879071 | NS      | $21496572.24  | 1.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Ares Capital Corp                     | Ares Capital Corp                                                                             | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | CORP              | US        |  12418482 | NS      | $251225890.86 | 15.64%            |  |  |  | No            |                  1 | On Loan: —       |
| Bain Capital Specialty Finance Inc    | Bain Capital Specialty Finance Inc                                                            | CUSIP: 05684B107<br>LEI: 549300V2JL72R0EYBK64 | Long             | EC               | CORP              | US        |    971179 | NS      | $13509099.89  | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Barings BDC Inc                       | Barings BDC Inc                                                                               | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |   1842512 | NS      | $16914260.16  | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| BlackRock TCP Capital Corp            | BlackRock TCP Capital Corp                                                                    | CUSIP: 09259E108<br>LEI: 549300JU1XG1HF56J989 | Long             | EC               | CORP              | US        |   1708643 | NS      | $9346277.21   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Blackstone Secured Lending Fund       | Blackstone Secured Lending Fund                                                               | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |   4765085 | NS      | $125464688.05 | 7.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Capital Southwest Corp                | Capital Southwest Corp                                                                        | CUSIP: 140501107<br>LEI: 54930023YZ4YEJEDBO56 | Long             | EC               | CORP              | US        |   1157347 | NS      | $25635236.05  | 1.60%             |  |  |  | No            |                  1 | On Loan: —       |
| CION Investment Corp                  | CION Investment Corp                                                                          | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | CORP              | US        |   1040618 | NS      | $10062776.06  | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| FS KKR Capital Corp                   | FS KKR Capital Corp                                                                           | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |   3360173 | NS      | $49764162.13  | 3.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Fidus Investment Corp                 | Fidus Investment Corp                                                                         | CUSIP: 316500107<br>LEI: 549300836CRWCROFBC02 | Long             | EC               | CORP              | US        |    733622 | NS      | $14158904.60  | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| Gladstone Capital Corp                | Gladstone Capital Corp                                                                        | CUSIP: 376535878<br>LEI: 549300AWMOT9JR1SIJ74 | Long             | EC               | CORP              | US        |    455006 | NS      | $9400423.96   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Gladstone Investment Corp             | Gladstone Investment Corp                                                                     | CUSIP: 376546107<br>LEI: 549300HFFTVIBC98Z362 | Long             | EC               | CORP              | US        |    798451 | NS      | $11154360.47  | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Goldman Sachs BDC Inc                 | Goldman Sachs BDC Inc                                                                         | CUSIP: 38147U107<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | EC               | CORP              | US        |   2160269 | NS      | $20047296.32  | 1.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Golub Capital BDC Inc                 | Golub Capital BDC Inc                                                                         | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | CORP              | US        |   3715573 | NS      | $50420325.61  | 3.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Hercules Capital Inc                  | Hercules Capital Inc                                                                          | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |   2802778 | NS      | $52748281.96  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson BDC Inc                | Kayne Anderson BDC Inc                                                                        | CUSIP: 48662X105<br>LEI: 213800L27Z3YODNCUQ03 | Long             | EC               | CORP              | US        |    832847 | NS      | $11926369.04  | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Main Street Capital Corp              | Main Street Capital Corp                                                                      | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | CORP              | US        |    848314 | NS      | $51229682.46  | 3.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley Direct Lending Fund    | Morgan Stanley Direct Lending Fund                                                            | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | CORP              | US        |   1451105 | NS      | $23914210.40  | 1.49%             |  |  |  | No            |                  1 | On Loan: —       |
| New Mountain Finance Corp             | New Mountain Finance Corp                                                                     | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               | CORP              | US        |   1869738 | NS      | $17220286.98  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Churchill Direct Lending Corp  | Nuveen Churchill Direct Lending Corp                                                          | CUSIP: 67090S108<br>LEI: 254900X3ULEP6XX7HG39 | Long             | EC               | CORP              | US        |    847847 | NS      | $11310278.98  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Oaktree Specialty Lending Corp        | Oaktree Specialty Lending Corp                                                                | CUSIP: 67401P405<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | CORP              | US        |   1758367 | NS      | $22401595.58  | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Blue Owl Capital Corp                 | Blue Owl Capital Corp                                                                         | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |  11938704 | NS      | $148398090.72 | 9.24%             |  |  |  | No            |                  1 | On Loan: —       |
| PennantPark Floating Rate Capital Ltd | PennantPark Floating Rate Capital Ltd                                                         | CUSIP: 70806A106<br>LEI: 529900BH3IP6381K4L72 | Long             | EC               | CORP              | US        |   1998180 | NS      | $18523128.60  | 1.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Prospect Capital Corp                 | Prospect Capital Corp                                                                         | CUSIP: 74348T102<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EC               | CORP              | US        |   7681908 | NS      | $19896141.72  | 1.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Sixth Street Specialty Lending Inc    | Sixth Street Specialty Lending Inc                                                            | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |   1903041 | NS      | $41334050.52  | 2.57%             |  |  |  | No            |                  1 | On Loan: —       |
| SLR Investment Corp                   | SLR Investment Corp                                                                           | CUSIP: 83413U100<br>LEI: BJOT6DX9ML6BR3Z0O636 | Long             | EC               | CORP              | US        |    856981 | NS      | $13248926.26  | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Carlyle Secured Lending Inc           | Carlyle Secured Lending Inc                                                                   | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               | CORP              | US        |   1365442 | NS      | $17054370.58  | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Trinity Capital Inc                   | Trinity Capital Inc                                                                           | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | CORP              | US        |   1524211 | NS      | $22329691.15  | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                | U.S. Treasury Bills                                                                           | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        | 272221000 | PA      | $269455035.92 | 16.78%            | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                | U.S. Treasury Bills                                                                           | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        | 252644000 | PA      | $252321560.57 | 15.71%            | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                    | Long: MVBDCTRG2 TRS USD R E MVBDCTRG / Short: MVBDCTRG2 TRS USD P V 01MOBFR OBFR01+53.00BPS   | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DE               |  | US        |  10132820 | OU      | $-798227.84   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Securities LLC                    | Long: SLK5W2NE  TRS USD R E MVBDCTRG / Short: SLK5W2NE  TRS USD P V 00MSOFR SOFRRATE+85.00BPS | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               |  | US        | 552062692 | OU      | $-6052792.75  | -0.38%            |  |  |  | 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        | 288138953 | NS      | $288138953.00 | 17.94%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer