# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001410368-26-020360
**Filing Date:** 2026-2
**Character Count:** 27872
**Document Hash:** 92ced5a23d21932c691686f2bd64b9d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-020360.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001410368-26-020360

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26694408

**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 Morningstar International Moat ETF (Series ID: S000049283)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000155517 | VanEck Morningstar International Moat ETF | MOTI            |

## Nport-Ex

VANECK

MORNINGSTAR

INTERNATIONAL

MOAT

ETF

SCHEDULE

OF

INVESTMENTS

December

31,

2025

(unaudited)

#### FootnoteRuleAboveBlank

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 100.0%

#### Australia

#### :

#### 4.5%
Endeavour

Group

Ltd. †

1,989,582

$

4,847,230

WiseTech

Global

Ltd. †

87,763

3,987,112

8,834,342

#### Brazil

#### :

#### 2.6%
Ambev

SA

2,061,100

5,188,106

Underline

#### China

#### :

#### 24.1%
Alibaba

Group

Holding

Ltd.

(HKD)

122,300

2,245,314

Baidu,

Inc.

(HKD) \*

318,850

5,243,017

Inner

Mongolia

Yili

Industrial

Group

Co.

Ltd.

1,198,000

4,912,167

JD.com,

Inc.

(HKD)

315,250

4,532,587

Jiangsu

Yanghe

Distillery

Co.

Ltd.

506,500

4,406,963

Luzhou

Laojiao

Co.

Ltd.

260,900

4,348,390

Prosus

NV

(EUR)

40,611

2,512,987

SF

Holding

Co.

Ltd.

854,579

4,691,465

Tencent

Holdings

Ltd.

(HKD)

61,500

4,719,242

Wuliangye

Yibin

Co.

Ltd.

286,200

4,345,278

Yum

China

Holdings,

Inc.

(USD)

106,591

5,088,654

47,046,064

#### Denmark

#### :

#### 4.9%
Coloplast

A/S

53,226

4,560,507

Novo

Nordisk

A/S

97,836

4,959,009

9,519,516

#### France

#### :

#### 12.0%
Bureau

Veritas

SA

157,352

5,002,620

Dassault

Systemes

SE

164,546

4,594,193

Edenred

SE †

211,653

4,675,809

Pernod

Ricard

SA

49,793

4,260,871

Thales

SA

18,215

4,910,650

23,444,143

#### Germany

#### :

#### 9.9%
HENSOLDT

AG \*

29,807

2,551,321

Rheinmetall

AG

2,422

4,415,864

Sartorius

Stedim

Biotech

11,831

2,904,094

Siemens

Healthineers

AG

144A

91,514

4,793,885

Symrise

AG

56,865

4,604,351

19,269,515

#### Japan

#### :

#### 9.7%
Omron

Corp.

89,800

2,270,408

ORIENTAL

LAND

CO

LTD

130,600

2,414,478

Tokyo

Electron

Ltd.

17,200

3,828,343

Unicharm

Corp. †

786,500

4,490,845

#### Number

#### of

#### Shares

#### Value

#### Japan
(continued)

Yaskawa

Electric

Corp. †

118,300

$

3,594,071

ZOZO,

Inc.

292,400

2,409,758

19,007,903

#### Netherlands

#### :

#### 10.0%
Adyen

NV

144A \*

1,486

2,394,758

ASM

International

NV

4,522

2,735,849

Heineken

NV

31,084

2,563,009

Koninklijke

Philips

NV \*

175,152

4,766,206

Universal

Music

Group

NV †

98,348

2,562,281

Wolters

Kluwer

NV

43,170

4,468,542

19,490,645

#### Sweden

#### :

#### 2.9%
Elekta

AB †

931,897

5,691,533

Underline

#### Switzerland

#### :

#### 5.2%
Barry

Callebaut

AG †

1,708

2,791,898

DSM-Firmenich

AG

(EUR)

56,670

4,568,646

Roche

Holding

AG

6,919

2,856,800

10,217,344

#### Taiwan

#### :

#### 2.8%
Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

110,000

5,407,298

Underline

#### United

#### Kingdom

#### :

#### 8.9%
BAE

Systems

PLC

107,669

2,472,676

Diageo

PLC

110,713

2,380,501

GSK

PLC

219,555

5,371,293

Melrose

Industries

PLC

311,979

2,455,264

Spirax

Group

PLC

51,129

4,662,982

17,342,716

#### United

#### States

#### :

#### 2.5%
James

Hardie

Industries

PLC

(AUD) \*

242,551

4,975,633

Underline

#### Total

#### Common

#### Stocks
(Cost:

$187,965,997)

195,434,758

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 1.3%

#### Money

#### Market

#### Fund:

#### 1.3%
(Cost:

$2,442,375)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

3.80%(a)

2,442,375

2,442,375

#### Total

#### Investments:

#### 101.3%
(Cost:

$190,408,372)

197,877,133

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (1.3)%
(2,516,449)

#### NET

#### ASSETS:

#### 100.0%
$

195,360,684

#### Definitions:
AUD

Australia

Dollar

EUR

Euro

HKD

Hong

Kong

Dollar

USD

United

States

Dollar

VANECK

MORNINGSTAR

INTERNATIONAL

MOAT

ETF

SCHEDULE

OF

INVESTMENTS

(continued)

#### Footnotes:
†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$14,154,090.

\*

Non-income

producing

(a) Rate

shown

is

the

7-day

yield

as

of

12/31/25.

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

$7,188,643,

or

3.7%

of

net

assets.

The

summary

of

inputs

used

to

value

the

Fund's

investments

as

of

December

31,

2025

is

as

follows:

#### Level

#### 1

#### Quoted

#### Prices

#### Level

#### 2

#### Significant

#### Observable

#### Inputs

#### Level

#### 3

#### Significant

#### Unobservable

#### Inputs

#### Value
Common

Stocks

$

195,434,758

Australia

$

—

$

8,834,342

$

—

$

8,834,342

Brazil

—

5,188,106

—

5,188,106

China

5,088,654

41,957,410

—

47,046,064

Denmark

—

9,519,516

—

9,519,516

France

—

23,444,143

—

23,444,143

Germany

—

19,269,515

—

19,269,515

Japan

4,490,845

14,517,058

—

19,007,903

Netherlands

—

19,490,645

—

19,490,645

Sweden

—

5,691,533

—

5,691,533

Switzerland

—

10,217,344

—

10,217,344

Taiwan

—

5,407,298

—

5,407,298

United

Kingdom

—

17,342,716

—

17,342,716

United

States

—

4,975,633

—

4,975,633

Money

Market

Fund

2,442,375

—

—

2,442,375

#### Total

#### Investments
$

12,021,874

$

185,855,259

$

—

$

197,877,133

## 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 Morningstar International Moat ETF

- **b. EDGAR series identifier (if any):** S000049283

- **c. LEI of Series:** 549300FIS640FXXE9P37

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

- **a. Date of fiscal year-end:** 2026-09-30

- **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:** $198647722.58

**Total Liabilities:** $3287153.65

**Net Assets:** $195360568.93

**Cash Not Reported:** $129112.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000155517 | 1.67%                | -1.30%               | 0.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-416.21                 | $3167951.61                                |
| Month 2  | $-1383.96                | $-2706556.93                               |
| Month 3  | $8510314.75              | $-7245810.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Diageo PLC                                  | Diageo PLC                                                                  | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    110713 | NS      | $2380500.98   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                             | BAE Systems PLC                                                             | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    107669 | NS      | $2472675.55   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                   | Thales SA                                                                   | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |     18215 | NS      | $4910650.03   | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Pernod Ricard SA                            | Pernod Ricard SA                                                            | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     49793 | NS      | $4260870.80   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                        | ASM International NV                                                        | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      4522 | NS      | $2735849.34   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                              | Rheinmetall AG                                                              | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      2422 | NS      | $4415863.96   | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Barry Callebaut AG                          | Barry Callebaut AG                                                          | CUSIP: 000000000<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |      1708 | NS      | $2791898.47   | 1.43%             |  |  |  | No            |                  2 | On Loan: —       |
| Wolters Kluwer NV                           | Wolters Kluwer NV                                                           | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     43170 | NS      | $4468542.28   | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                      | Koninklijke Philips NV                                                      | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    175152 | NS      | $4766206.21   | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| James Hardie Industries PLC                 | James Hardie Industries PLC                                                 | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |    242551 | NS      | $4975633.59   | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Land Co Ltd/Japan                  | Oriental Land Co Ltd/Japan                                                  | CUSIP: 000000000<br>LEI: 353800PIFKBZ6KTU5994 | Long             | EC               | CORP              | JP        |    130600 | NS      | $2414478.38   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Omron Corp                                  | Omron Corp                                                                  | CUSIP: 000000000<br>LEI: 549300ZHW0TR2QZ0NY83 | Long             | EC               | CORP              | JP        |     89800 | NS      | $2270407.74   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd   | Taiwan Semiconductor Manufacturing Co Ltd                                   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    110000 | NS      | $5407298.12   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                          | Tokyo Electron Ltd                                                          | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     17200 | NS      | $3828342.41   | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicharm Corp                               | Unicharm Corp                                                               | CUSIP: 000000000<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |    786500 | NS      | $4490845.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Yaskawa Electric Corp                       | Yaskawa Electric Corp                                                       | CUSIP: 000000000<br>LEI: 3538003K39GR98R0CK58 | Long             | EC               | CORP              | JP        |    118300 | NS      | $3594071.40   | 1.84%             |  |  |  | No            |                  2 | On Loan: —       |
| Roche Holding AG                            | Roche Holding AG                                                            | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |      6919 | NS      | $2856799.50   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                 | Heineken NV                                                                 | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     31084 | NS      | $2563009.34   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                      | Yum China Holdings Inc                                                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |    106591 | NS      | $5088654.34   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/S                               | Coloplast A/S                                                               | CUSIP: 000000000<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     53226 | NS      | $4560506.92   | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| DSM-Firmenich AG                            | DSM-Firmenich AG                                                            | CUSIP: 000000000<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |     56670 | NS      | $4568645.79   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu Inc                                   | Baidu Inc                                                                   | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |    318850 | NS      | $5243017.30   | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Elekta AB                                   | Elekta AB                                                                   | CUSIP: 000000000<br>LEI: 54930044O54BK617EP80 | Long             | EC               | CORP              | SE        |    931897 | NS      | $5691533.23   | 2.91%             |  |  |  | No            |                  2 | On Loan: —       |
| Symrise AG                                  | Symrise AG                                                                  | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     56865 | NS      | $4604350.42   | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Bureau Veritas SA                           | Bureau Veritas SA                                                           | CUSIP: 000000000<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |    157352 | NS      | $5002619.44   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| ZOZO Inc                                    | ZOZO Inc                                                                    | CUSIP: 000000000<br>LEI: 549300GC7XPQMZA0OW13 | Long             | EC               | CORP              | JP        |    292400 | NS      | $2409758.11   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SE                                  | Edenred SE                                                                  | CUSIP: 000000000<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |    211653 | NS      | $4675809.11   | 2.39%             |  |  |  | No            |                  2 | On Loan: —       |
| Siemens Healthineers AG                     | Siemens Healthineers AG                                                     | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |     91514 | NS      | $4793885.34   | 2.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Luzhou Laojiao Co Ltd                       | Luzhou Laojiao Co Ltd                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    260900 | NS      | $4348389.81   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Yanghe Distillery Co Ltd            | Jiangsu Yanghe Distillery Co Ltd                                            | CUSIP: 000000000<br>LEI: 655600IQ7FXTTBKI8H68 | Long             | EC               | CORP              | CN        |    506500 | NS      | $4406962.75   | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co Ltd                      | Wuliangye Yibin Co Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    286200 | NS      | $4345277.72   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co Ltd                           | SF Holding Co Ltd                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    854579 | NS      | $4691464.79   | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                    | Ambev SA                                                                    | CUSIP: 000000000<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |   2061100 | NS      | $5188105.87   | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                   | Prosus NV                                                                   | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     40611 | NS      | $2512987.00   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding Ltd                                                   | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    122300 | NS      | $2245314.21   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                  | JD.com Inc                                                                  | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |    315250 | NS      | $4532586.74   | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                        | Dassault Systemes SE                                                        | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    164546 | NS      | $4594193.31   | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                        | Tencent Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     61500 | NS      | $4719242.11   | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Hensoldt AG                                 | Hensoldt AG                                                                 | CUSIP: 000000000<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |     29807 | NS      | $2551320.75   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                     | GSK PLC                                                                     | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    219555 | NS      | $5371292.83   | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries PLC                      | Melrose Industries PLC                                                      | CUSIP: 000000000<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |    311979 | NS      | $2455264.54   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Group Ltd/Australia               | Endeavour Group Ltd/Australia                                               | CUSIP: 000000000<br>LEI: 254900JAN9FOLMWAD533 | Long             | EC               | CORP              | AU        |   1989582 | NS      | $4847230.25   | 2.48%             |  |  |  | No            |                  2 | On Loan: —       |
| Universal Music Group NV                    | Universal Music Group NV                                                    | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     98348 | NS      | $2562280.95   | 1.31%             |  |  |  | No            |                  2 | On Loan: —       |
| Inner Mongolia Yili Industrial Group Co Ltd | Inner Mongolia Yili Industrial Group Co Ltd                                 | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |   1198000 | NS      | $4912167.13   | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                            | Novo Nordisk A/S                                                            | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     97836 | NS      | $4959009.10   | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax Group PLC                            | Spirax Group PLC                                                            | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     51129 | NS      | $4662981.96   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius Stedim Biotech                    | Sartorius Stedim Biotech                                                    | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     11831 | NS      | $2904094.33   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                    | Adyen NV                                                                    | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      1486 | NS      | $2394757.48   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| WiseTech Global Ltd                         | WiseTech Global Ltd                                                         | CUSIP: 000000000<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |     87763 | NS      | $3987111.67   | 2.04%             |  |  |  | No            |                  2 | On Loan: —       |
| State Street Global Advisors                | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   2434102 | NS      | $2434102.45   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer