# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001410368-25-028366
**Filing Date:** 2025-11
**Character Count:** 26986
**Document Hash:** fac5dec7984c08fab758c15d9aa7634e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028366.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028366

**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:** 251507731

**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 Gold Miners ETF (Series ID: S000009191)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000024980 | VanEck Gold Miners ETF | GDX             |

## Nport-Ex

VANECK

GOLD

MINERS

ETF

SCHEDULE

OF

INVESTMENTS

September

30,

2025

(unaudited)

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 100.0%

#### Australia

#### :

#### 10.8%
Capricorn

Metals

Ltd. \*

17,664,720

$

154,033,387

Evolution

Mining

Ltd. †

60,048,896

428,739,522

Genesis

Minerals

Ltd. \*

†

42,312,812

163,933,350

Northern

Star

Resources

Ltd.

63,544,535

993,841,767

Perseus

Mining

Ltd.

58,458,995

188,376,190

Ramelius

Resources

Ltd. †

‡

105,187,815

268,353,314

West

African

Resources

Ltd. \*

33,858,243

85,856,681

Westgold

Resources

Ltd. †

39,766,683

117,420,727

2,400,554,938

#### Brazil

#### :

#### 4.8%
Wheaton

Precious

Metals

Corp.

(USD) †

9,485,816

1,060,893,661

Underline

#### Burkina

#### Faso

#### :

#### 1.7%
IAMGOLD

Corp.

(USD) \*

‡

29,255,300

378,271,029

Underline

#### Canada

#### :

#### 46.5%
Agnico

Eagle

Mines

Ltd.

(USD) †

10,538,512

1,776,371,583

Alamos

Gold,

Inc.

(USD) †

‡

22,368,926

779,780,760

Artemis

Gold,

Inc. \*

9,571,723

251,022,116

B2Gold

Corp.

(USD) †

64,201,353

317,796,697

Barrick

Mining

Corp.

(USD)

33,930,826

1,111,913,168

Equinox

Gold

Corp.

(USD) \*

†

‡

41,320,069

463,611,174

First

Majestic

Silver

Corp.

(USD)

23,930,160

294,101,666

Fortuna

Mining

Corp.

(USD) \*

†

‡

16,511,277

147,941,042

Franco-Nevada

Corp.

(USD) †

5,033,369

1,121,988,284

K92

Mining,

Inc. \*

†

10,902,146

131,791,071

Kinross

Gold

Corp.

(USD) †

43,604,221

1,083,564,892

Lundin

Gold,

Inc.

4,655,713

301,714,562

New

Gold,

Inc.

(USD) \*

‡

42,585,386

305,763,071

OceanaGold

Corp. ‡

11,469,738

244,908,665

OR

Royalties,

Inc.

(USD) †

7,921,534

317,495,083

Pan

American

Silver

Corp.

(USD) ‡

22,226,226

860,821,733

Sandstorm

Gold

Ltd.

(USD)

13,197,841

165,236,969

Seabridge

Gold,

Inc.

(USD) \*

†

4,596,219

110,998,689

SSR

Mining,

Inc.

(USD) \*

‡

10,314,671

251,884,266

Torex

Gold

Resources,

Inc. \*

†

3,931,453

163,429,094

Wesdome

Gold

Mines

Ltd. \*

‡

8,119,031

126,506,103

10,328,640,688

#### China

#### :

#### 1.5%
Zhaojin

Mining

Industry

Co.

Ltd.

(HKD) †

85,928,500

343,775,925

Underline

#### Indonesia

#### :

#### 2.5%
Amman

Mineral

Internasional

PT \*

805,585,300

349,182,809

Bumi

Resources

Minerals

Tbk

PT \*

3,938,159,600

198,346,277

547,529,086

#### Number

#### of

#### Shares

#### Value

#### Mexico

#### :

#### 3.7%
Fresnillo

PLC

(GBP)

10,770,985

$

343,925,545

Industrias

Penoles

SAB

de

CV \*

10,923,000

487,684,467

831,610,012

#### Peru

#### :

#### 1.1%
Cia

de

Minas

Buenaventura

SAA

(ADR)

9,964,630

242,439,448

Underline

#### South

#### Africa

#### :

#### 7.0%
Gold

Fields

Ltd.

(ADR)

27,063,866

1,135,599,817

Harmony

Gold

Mining

Co.

Ltd.

(ADR)

22,638,903

410,896,090

1,546,495,907

#### Turkey

#### :

#### 1.2%
Eldorado

Gold

Corp.

(USD) \*

9,147,949

264,284,247

Underline

#### United

#### Kingdom

#### :

#### 1.6%
Endeavour

Mining

PLC

8,623,695

360,979,950

Underline

#### United

#### States

#### :

#### 17.6%
Anglogold

Ashanti

PLC †

15,484,235

1,089,006,247

Coeur

Mining,

Inc. \*

28,934,805

542,816,942

Hecla

Mining

Co.

28,987,237

350,745,568

Newmont

Corp.

17,727,228

1,494,582,593

Royal

Gold,

Inc.

2,155,411

432,332,338

3,909,483,688

#### Total

#### Common

#### Stocks
(Cost:

$12,406,180,585)

22,214,958,579

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 0.2%

#### Money

#### Market

#### Fund:

#### 0.2%
(Cost:

$39,592,504)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.18%(a)

39,592,504

39,592,504

#### Total

#### Investments:

#### 100.2%
(Cost:

$12,445,773,089)

22,254,551,083

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (0.2)%
(39,924,087)

#### NET

#### ASSETS:

#### 100.0%
$

22,214,626,996

VANECK

GOLD

MINERS

ETF

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Definitions:
ADR

American

Depositary

Receipt

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

$1,245,988,081.

‡

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
Alamos

Gold,

Inc.

$–(a)

$347,753,373

$(157,351,956)

$91,039,349

$173,620,021

$779,780,760

$1,066,246

Equinox

Gold

Corp.

–(a)

256,921,756

(56,593,416)

7,215,754

160,229,763

463,611,174

–

Fortuna

Mining

Corp.

–(a)

65,535,426

(28,711,168)

8,060,487

46,717,923

147,941,042

–

IAMGOLD

Corp.

–(a)

149,262,554

(58,296,302)

26,987,086

136,784,236

378,271,029

–

New

Gold,

Inc.

–(a)

136,264,033

(46,405,246)

28,852,278

104,843,333

305,763,072

–

OceanaGold

Corp.

–

154,521,552

(10,958,456)

6,643,201

94,702,368

244,908,665

209,853

Pan

American

Silver

Corp.

–(a)

445,335,968

(146,707,239)

45,143,725

209,412,918

860,821,733

3,893,804

Ramelius

Resources

Ltd.

–(a)

169,398,371

(28,584,394)

10,116,411

55,659,496

268,353,314

1,970,683

SSR

Mining,

Inc.

–(a)

105,303,308

(34,611,067)

(6,463,473)

128,621,669

251,884,266

–

Wesdome

Gold

Mines

Ltd.

–(a)

55,664,362

(26,387,344)

9,111,935

31,730,171

126,506,103

–

Total

$–

$1,885,960,703

$(594,606,588)

$226,706,753

$1,142,321,898

$3,827,841,158

$7,140,586

(a) 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 Gold Miners ETF

- **b. EDGAR series identifier (if any):** S000009191

- **c. LEI of Series:** 54930031TORTKAM9TJ98

**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:** $22276252134.92

**Total Liabilities:** $61632291.74

**Net Assets:** $22214619843.18

**Cash Not Reported:** $285035.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024980 | -0.91%               | 22.01%               | 21.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $115284715.11            | $-242513858.43                             |
| Month 2  | $58200621.86             | $3269854214.64                             |
| Month 3  | $2450337408.64           | $1421966026.85                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Endeavour Mining PLC           | Endeavour Mining PLC                                                        | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    8623695 | NS      | $360979949.81  | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| OR Royalties Inc               | OR Royalties Inc                                                            | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    7921534 | NS      | $317495082.72  | 1.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Fortuna Mining Corp            | Fortuna Mining Corp                                                         | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |   16511277 | NS      | $147941041.92  | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Industrias Penoles SAB de CV   | Industrias Penoles SAB de CV                                                | CUSIP: 000000000<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |   10923000 | NS      | $487684467.48  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                 | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |    2155411 | NS      | $432332338.38  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhaojin Mining Industry Co Ltd | Zhaojin Mining Industry Co Ltd                                              | CUSIP: 000000000<br>LEI: 3003007KU2DRDX06PN04 | Long             | EC               | CORP              | CN        |   85928500 | NS      | $343775924.98  | 1.55%             |  |  |  | No            |                  2 | On Loan: —       |
| Anglogold Ashanti Plc          | Anglogold Ashanti Plc                                                       | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |   15484235 | NS      | $1089006247.55 | 4.90%             |  |  |  | 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        |   39193212 | NS      | $39193211.95   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd           | Evolution Mining Ltd                                                        | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |   60048896 | NS      | $428739522.29  | 1.93%             |  |  |  | No            |                  2 | On Loan: —       |
| Northern Star Resources Ltd    | Northern Star Resources Ltd                                                 | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |   63544535 | NS      | $993841766.40  | 4.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd         | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |   10538512 | NS      | $1776371582.72 | 8.00%             |  |  |  | No            |                  1 | On Loan: —       |
| West African Resources Ltd     | West African Resources Ltd                                                  | CUSIP: 000000000<br>LEI: 529900XLO8GMJNTUL013 | Long             | EC               | CORP              | AU        |   33858243 | NS      | $85856680.92   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp              | Kinross Gold Corp                                                           | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |   43604221 | NS      | $1083564891.85 | 4.88%             |  |  |  | No            |                  1 | On Loan: —       |
| SSR Mining Inc                 | SSR Mining Inc                                                              | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |   10314671 | NS      | $251884265.82  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                 | K92 Mining Inc                                                              | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |   10902146 | NS      | $131791070.66  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Bumi Resources Minerals Tbk PT | Bumi Resources Minerals Tbk PT                                              | CUSIP: 000000000<br>LEI: 529900KOJVEVTZ5IRE24 | Long             | EC               | CORP              | ID        | 3938159600 | NS      | $198346276.71  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |   27063866 | NS      | $1135599817.36 | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |   17727228 | NS      | $1494582592.68 | 6.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Amman Mineral Internasional PT | Amman Mineral Internasional PT                                              | CUSIP: 000000000<br>LEI: 5493006TJMVRZEVWCG37 | Long             | EC               | CORP              | ID        |  805585300 | NS      | $349182809.38  | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| OceanaGold Corp                | OceanaGold Corp                                                             | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |   11469738 | NS      | $244908664.64  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesdome Gold Mines Ltd         | Wesdome Gold Mines Ltd                                                      | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |    8119031 | NS      | $126506103.26  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesis Minerals Ltd           | Genesis Minerals Ltd                                                        | CUSIP: 000000000<br>LEI: 894500AK5BVRCNP0FP48 | Long             | EC               | CORP              | AU        |   42312812 | NS      | $163933350.04  | 0.74%             |  |  |  | No            |                  2 | On Loan: —       |
| Cia de Minas Buenaventura SAA  | Cia de Minas Buenaventura SAA                                               | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |    9964630 | NS      | $242439447.90  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd         | Westgold Resources Ltd                                                      | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |   39766683 | NS      | $117420727.22  | 0.53%             |  |  |  | No            |                  2 | On Loan: —       |
| Coeur Mining Inc               | Coeur Mining Inc                                                            | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |   28934805 | NS      | $542816941.80  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd     | Harmony Gold Mining Co Ltd                                                  | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |   22638903 | NS      | $410896089.45  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd         | Ramelius Resources Ltd                                                      | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |  105187815 | NS      | $268353314.03  | 1.21%             |  |  |  | No            |                  2 | On Loan: —       |
| Alamos Gold Inc                | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |   22368926 | NS      | $779780760.36  | 3.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Seabridge Gold Inc             | Seabridge Gold Inc                                                          | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |    4596219 | NS      | $110998688.85  | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Perseus Mining Ltd             | Perseus Mining Ltd                                                          | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   58458995 | NS      | $188376189.76  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp             | Eldorado Gold Corp                                                          | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    9147949 | NS      | $264284246.61  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                | Lundin Gold Inc                                                             | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    4655713 | NS      | $301714561.74  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp             | Franco-Nevada Corp                                                          | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    5033369 | NS      | $1121988283.79 | 5.05%             |  |  |  | No            |                  1 | On Loan: —       |
| New Gold Inc                   | New Gold Inc                                                                | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |   42585386 | NS      | $305763071.48  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                  | Fresnillo PLC                                                               | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | GB        |   10770985 | NS      | $343925544.85  | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp            | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |   33930826 | NS      | $1111913168.02 | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp                                                | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    9485816 | NS      | $1060893661.44 | 4.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Hecla Mining Co                | Hecla Mining Co                                                             | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |   28987237 | NS      | $350745567.70  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc       | Torex Gold Resources Inc                                                    | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    3931453 | NS      | $163429094.09  | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| B2Gold Corp                    | B2Gold Corp                                                                 | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |   64201353 | NS      | $317796697.35  | 1.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Equinox Gold Corp              | Equinox Gold Corp                                                           | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |   41320069 | NS      | $463611174.18  | 2.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Pan American Silver Corp       | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |   22226226 | NS      | $860821732.98  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricorn Metals Ltd           | Capricorn Metals Ltd                                                        | CUSIP: 000000000<br>LEI: 529900CRG304NUYMOV23 | Long             | EC               | CORP              | AU        |   17664720 | NS      | $154033387.09  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| IAMGOLD Corp                   | IAMGOLD Corp                                                                | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |   29255300 | NS      | $378271029.00  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp     | First Majestic Silver Corp                                                  | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |   23930160 | NS      | $294101666.40  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandstorm Gold Ltd             | Sandstorm Gold Ltd                                                          | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | CA        |   13197841 | NS      | $165236969.32  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Artemis Gold Inc               | Artemis Gold Inc                                                            | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |    9571723 | NS      | $251022116.05  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer