# EDGAR Filing Document

**Accession Number:** 0000768847
**File Stem:** 0001410368-26-054833
**Filing Date:** 2026-5
**Character Count:** 35863
**Document Hash:** 7db879ec24cd86554b961cba29283210
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-054833.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-054833

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04297
- **FILM NUMBER:** 261032456

**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

### Global Resources Fund (Series ID: S000009200)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000024996 | Class A      | GHAAX           |
| C000033047 | Class I      | GHAIX           |
| C000088112 | Class Y      | GHAYX           |

## Nport-Ex

VANECK

GLOBAL

RESOURCES

FUND

SCHEDULE

OF

INVESTMENTS

March

31,

2026

(unaudited)

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 97.2%

#### Australia

#### :

#### 4.5%
Glencore

PLC

(GBP)

3,201,500

$

24,247,756

Lynas

Rare

Earths

Ltd. \*

†

665,800

9,039,876

33,287,632

#### Belgium

#### :

#### 0.6%
Titan

America

SA

(USD)

316,400

4,739,672

Underline

#### Brazil

#### :

#### 1.5%
Suzano

SA

1,100,800

11,029,571

Underline

#### Canada

#### :

#### 24.1%
Agnico

Eagle

Mines

Ltd.

(USD)

98,206

19,933,854

Alamos

Gold,

Inc.

(USD) †

182,300

8,099,589

Barrick

Mining

Corp.

(USD)

407,745

16,631,919

Cameco

Corp.

(USD)

55,900

6,071,299

Canadian

Natural

Resources

Ltd.

204,500

9,975,825

Capstone

Copper

Corp. \*

908,000

6,847,042

Cenovus

Energy,

Inc.

(USD) †

150,200

3,984,806

Franco-Nevada

Corp.

(USD)

58,100

14,353,605

Hudbay

Minerals,

Inc.

(USD)

366,100

7,651,490

Kinross

Gold

Corp.

(USD)

582,400

17,774,848

Neo

Performance

Materials,

Inc.

389,286

6,150,892

NGEx

Minerals

Ltd. \*

184,800

3,360,966

Nutrien

Ltd.

(USD)

297,771

22,469,800

Pan

American

Silver

Corp.

(USD)

246,700

13,477,221

Suncor

Energy,

Inc.

218,700

14,465,234

West

Fraser

Timber

Co.

Ltd.

91,100

5,950,216

177,198,606

#### China

#### :

#### 1.3%
PetroChina

Co.

Ltd.

(HKD)

7,245,000

9,939,127

Underline

#### France

#### :

#### 4.2%
Nexans

SA

50,930

6,928,456

TotalEnergies

SE

257,700

23,650,187

30,578,643

#### Ireland

#### :

#### 1.1%
Smurfit

Westrock

PLC

(USD)

205,800

8,201,130

Underline

#### Luxembourg

#### :

#### 1.1%
ArcelorMittal

SA

(USD) †

152,600

7,932,148

Underline

#### Netherlands

#### :

#### 2.9%
JBS

NV

(USD) \*

1,191,550

21,400,238

Underline

#### South

#### Africa

#### :

#### 6.4%
Anglo

American

PLC

(GBP)

480,610

20,635,275

Gold

Fields

Ltd.

(ADR)

264,200

11,994,680

Impala

Platinum

Holdings

Ltd. †

381,300

5,422,835

Northam

Platinum

Holdings

Ltd. †

443,400

9,047,447

47,100,237

#### United

#### Kingdom

#### :

#### 3.5%
Shell

PLC

(ADR)

190,600

17,725,800

Yellow

Cake

PLC

144A \*

1,023,000

8,192,843

25,918,643

#### Number

#### of

#### Shares

#### Value

#### United

#### States

#### :

#### 44.8%
Alcoa

Corp.

144,600

$

9,591,318

Archer-Daniels-Midland

Co.

184,100

13,382,229

Bunge

Global

SA

75,700

9,629,040

Chevron

Corp.

92,400

19,117,560

Commercial

Metals

Co.

115,900

7,119,737

ConocoPhillips

71,741

9,469,812

Corteva,

Inc.

106,666

8,929,011

Diamondback

Energy,

Inc.

43,311

8,566,483

Energy

Fuels,

Inc. \*

†

111,800

2,040,350

EQT

Corp.

169,000

10,755,160

Expand

Energy

Corp.

81,600

8,958,048

Exxon

Mobil

Corp.

214,180

36,337,779

Freeport-McMoRan,

Inc.

144,655

8,502,821

Graphic

Packaging

Holding

Co.

187,800

1,866,732

International

Paper

Co.

242,800

8,667,960

Ivanhoe

Electric,

Inc. \*

469,305

5,547,185

Kirby

Corp. \*

80,300

10,670,264

Marathon

Petroleum

Corp.

33,400

8,155,612

Mosaic

Co.

340,500

8,682,750

MP

Materials

Corp. \*

†

124,800

6,022,848

National

Energy

Services

Reunited

Corp. \*

147,199

3,160,362

Newmont

Corp.

165,855

17,953,804

Ormat

Technologies,

Inc. †

74,740

8,364,901

Ovintiv,

Inc.

219,100

13,005,776

Packaging

Corp.

of

America

38,600

8,191,692

Permian

Resources

Corp.

201,074

4,286,897

Phillips

90,500

16,487,290

Solaris

Energy

Infrastructure,

Inc.

231,700

13,093,367

Steel

Dynamics,

Inc.

54,700

9,846,000

Tyson

Foods,

Inc.

111,800

7,163,026

Uranium

Energy

Corp. \*

†

228,300

3,082,050

Valero

Energy

Corp.

45,100

11,143,308

Vistra

Corp.

22,900

3,442,557

Weyerhaeuser

Co.

345,400

8,438,122

329,671,851

#### Zambia

#### :

#### 1.2%
First

Quantum

Minerals

Ltd.

(CAD) \*

372,600

8,908,544

Underline

#### Total

#### Common

#### Stocks
(Cost:

$458,111,675)

715,906,042

#### MONEY

#### MARKET

#### FUND

#### :

#### 3.0%
(Cost:

$21,813,085)

Invesco

Treasury

Portfolio

-

Institutional

Class

3.64%(a)

21,813,085

21,813,085

Underline

#### Total

#### Investments

#### Before

#### Collateral

#### for

#### Securities

#### Loaned:

#### 100.2%
(Cost:

$479,924,760)

737,719,127

VANECK

GLOBAL

RESOURCES

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Number

#### of

#### Shares

#### Value

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 0.0%

#### Money

#### Market

#### Fund:

#### 0.0%
(Cost:

$143,293)

#### Number

#### of

#### Shares

#### Value
State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

3.66%(a)

143,293

$

143,293

#### Total

#### Investments:

#### 100.2%
(Cost:

$480,068,053)

737,862,420

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (0.2)%
(1,289,378)

#### NET

#### ASSETS:

#### 100.0%
$

736,573,042

#### Definitions:
ADR

American

Depositary

Receipt

CAD

Canadian

Dollar

GBP

British

Pound

HKD

Hong

Kong

Dollar

USD

United

States

Dollar

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$28,542,535.

\*

Non-income

producing

(a) The

rate

shown

is

the

7-day

yield

as

of

03/31/26.

144A

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended,

or

otherwise

restricted.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

unless

otherwise

noted.

These

securities

have

an

aggregate

value

of

$8,192,843,

or

1.1%

of

net

assets.

The

summary

of

inputs

used

to

value

the

Fund's

investments

as

of

March

31,

2026

is

as

follows:

#### Level

#### 1

#### Quoted

#### Prices

#### Level

#### 2

#### Significant

#### Observable

#### Inputs

#### Level

#### 3

#### Significant

#### Unobservable

#### Inputs

#### Value
Common

Stocks

$

715,906,042

Australia

$

—

$

33,287,632

$

—

$

33,287,632

Belgium

4,739,672

—

—

4,739,672

Brazil

11,029,571

—

—

11,029,571

Canada

177,198,606

—

—

177,198,606

China

—

9,939,127

—

9,939,127

France

—

30,578,643

—

30,578,643

Ireland

8,201,130

—

—

8,201,130

Luxembourg

7,932,148

—

—

7,932,148

Netherlands

21,400,238

—

—

21,400,238

South

Africa

11,994,680

35,105,557

—

47,100,237

United

Kingdom

17,725,800

8,192,843

—

25,918,643

United

States

329,671,851

—

—

329,671,851

Zambia

8,908,544

—

—

8,908,544

Money

Market

Funds

21,956,378

—

—

21,956,378

#### Total

#### Investments
$

620,758,618

$

117,103,802

$

—

$

737,862,420

## 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:** Global Resources Fund

- **b. EDGAR series identifier (if any):** S000009200

- **c. LEI of Series:** 5493005WHIPKP4JAB710

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $738875193.29

**Total Liabilities:** $2005830.74

**Net Assets:** $736869362.55

**Cash Not Reported:** $8017.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024996 | 11.49%               | 8.82%                | -4.22%               |
| Class ID C000033047 | 11.54%               | 8.86%                | -4.18%               |
| Class ID C000088112 | 11.51%               | 8.84%                | -4.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5763357.87              | $68031192.91                               |
| Month 2  | $12577340.76             | $48803834.33                               |
| Month 3  | $5444837.84              | $-38875383.12                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd                 | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     98206 | NS      | $19933853.88  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                        | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    182300 | NS      | $8099589.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Alcoa Corp                             | Alcoa Corp                                                                  | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    144600 | NS      | $9591318.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                       | ArcelorMittal SA                                                            | CUSIP: 03938L203<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |    152600 | NS      | $7932148.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Archer-Daniels-Midland Co              | Archer-Daniels-Midland Co                                                   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |    184100 | NS      | $13382229.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                    | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    407745 | NS      | $16631918.55  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                            | Cameco Corp                                                                 | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     55900 | NS      | $6071299.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd         | Canadian Natural Resources Ltd                                              | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    204500 | NS      | $9975824.89   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                   | Capstone Copper Corp                                                        | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    908000 | NS      | $6847041.91   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                     | Cenovus Energy Inc                                                          | CUSIP: 15135U109<br>LEI: 254900LJGL2N2XEMD470 | Long             | EC               | CORP              | CA        |    150200 | NS      | $3984806.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                     | Expand Energy Corp                                                          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     81600 | NS      | $8958048.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                           | Chevron Corp                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92400 | NS      | $19117560.00  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                   | Commercial Metals Co                                                        | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    115900 | NS      | $7119737.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                         | ConocoPhillips                                                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     71741 | NS      | $9469812.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                            | Corteva Inc                                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    106666 | NS      | $8929010.86   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                 | Diamondback Energy Inc                                                      | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     43311 | NS      | $8566482.69   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                               | EQT Corp                                                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    169000 | NS      | $10755160.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/Canada                | Energy Fuels Inc/Canada                                                     | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |    111800 | NS      | $2040350.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Exxon Mobil Corp                       | Exxon Mobil Corp                                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    214180 | NS      | $36337778.80  | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd             | First Quantum Minerals Ltd                                                  | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    372600 | NS      | $8908544.32   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                     | Franco-Nevada Corp                                                          | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     58100 | NS      | $14353605.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                   | Freeport-McMoRan Inc                                                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    144655 | NS      | $8502820.90   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                        | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    264200 | NS      | $11994680.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co           | Graphic Packaging Holding Co                                                | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187800 | NS      | $1866732.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                    | Hudbay Minerals Inc                                                         | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    366100 | NS      | $7651490.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                 | International Paper Co                                                      | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    242800 | NS      | $8667960.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / US              | Ivanhoe Electric Inc / US                                                   | CUSIP: 46578C108<br>LEI: 529900CQSYGI54GDUR52 | Long             | EC               | CORP              | US        |    469305 | NS      | $5547185.10   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                      | Kinross Gold Corp                                                           | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    582400 | NS      | $17774848.00  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                             | Kirby Corp                                                                  | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     80300 | NS      | $10670264.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                      | MP Materials Corp                                                           | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |    124800 | NS      | $6022848.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Marathon Petroleum Corp                | Marathon Petroleum Corp                                                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     33400 | NS      | $8155612.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                  | Lynas Rare Earths Ltd                                                       | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |    665800 | NS      | $9039876.09   | 1.23%             |  |  |  | No            |                  2 | On Loan: —       |
| Mosaic Co/The                          | Mosaic Co/The                                                               | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    340500 | NS      | $8682750.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Co Ltd                      | PetroChina Co Ltd                                                           | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |   7245000 | NS      | $9939126.96   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| NGEx Minerals Ltd                      | NGEx Minerals Ltd                                                           | CUSIP: 62930A102<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |    184800 | NS      | $3360966.14   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Neo Performance Materials Inc          | Neo Performance Materials Inc                                               | CUSIP: 64046G106<br>LEI: 984500E2A5I396CB6D96 | Long             | EC               | CORP              | CA        |    389286 | NS      | $6150892.30   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                           | Newmont Corp                                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    165855 | NS      | $17953803.75  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                            | Nutrien Ltd                                                                 | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    297771 | NS      | $22469799.66  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                 | Ormat Technologies Inc                                                      | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     74740 | NS      | $8364900.80   | 1.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Ovintiv Inc                            | Ovintiv Inc                                                                 | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    219100 | NS      | $13005776.00  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America              | Packaging Corp of America                                                   | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     38600 | NS      | $8191692.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp               | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    246700 | NS      | $13477221.00  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexans SA                              | Nexans SA                                                                   | CUSIP: 000000000<br>LEI: 96950015FU78G84UIV14 | Long             | EC               | CORP              | FR        |     50930 | NS      | $6928455.41   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Permian Resources Corp                 | Permian Resources Corp                                                      | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    201074 | NS      | $4286897.68   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                            | Phillips 66                                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     90500 | NS      | $16487290.00  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                              | Shell PLC                                                                   | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    190600 | NS      | $17725800.00  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio             | Invesco Treasury Portfolio                                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |  21813085 | NS      | $21813085.40  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc      | Solaris Energy Infrastructure Inc                                           | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    231700 | NS      | $13093367.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                     | Steel Dynamics Inc                                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     54700 | NS      | $9846000.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                      | Suncor Energy Inc                                                           | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |    218700 | NS      | $14465233.99  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                        | Tyson Foods Inc                                                             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |    111800 | NS      | $7163026.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                    | Uranium Energy Corp                                                         | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    228300 | NS      | $3082050.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Valero Energy Corp                     | Valero Energy Corp                                                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     45100 | NS      | $11143308.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                            | Vistra Corp                                                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     22900 | NS      | $3442557.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd              | West Fraser Timber Co Ltd                                                   | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     91100 | NS      | $5950216.38   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                        | Weyerhaeuser Co                                                             | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    345400 | NS      | $8438122.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Northam Platinum Holdings Ltd          | Northam Platinum Holdings Ltd                                               | CUSIP: 000000000<br>LEI: 3789009D0712C7101695 | Long             | EC               | CORP              | ZA        |    443400 | NS      | $9047447.34   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                     | Anglo American PLC                                                          | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    480610 | NS      | $20635275.01  | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzano SA                              | Suzano SA                                                                   | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |   1100800 | NS      | $11029570.35  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                       | TotalEnergies SE                                                            | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    257700 | NS      | $23650187.22  | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd           | Impala Platinum Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |    381300 | NS      | $5422834.73   | 0.74%             |  |  |  | No            |                  2 | On Loan: —       |
| Glencore PLC                           | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   3201500 | NS      | $24247755.85  | 3.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan America SA                       | Titan America SA                                                            | CUSIP: 000000000<br>LEI: 9845007APCB6462D6C46 | Long             | EC               | CORP              | BE        |    316400 | NS      | $4739672.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Cake PLC                        | Yellow Cake PLC                                                             | CUSIP: 000000000<br>LEI: 213800CVMYUGOA9EZY95 | Long             | EC               | CORP              | JE        |   1023000 | NS      | $8192843.25   | 1.11%             |  |  |  | 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        |    122925 | NS      | $122925.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Energy Services Reunited Corp | National Energy Services Reunited Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |    147199 | NS      | $3160362.53   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit Westrock PLC                   | Smurfit Westrock PLC                                                        | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    205800 | NS      | $8201130.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                        | Bunge Global SA                                                             | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     75700 | NS      | $9629040.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                                 | JBS NV                                                                      | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |   1191550 | NS      | $21400238.00  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** VanEck Funds

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer