# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001752724-25-196046
**Filing Date:** 2025-8
**Character Count:** 48057
**Document Hash:** a597ee189b9ad258387fc34bf9b83986
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-196046.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001752724-25-196046

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**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:** 251239237

**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 Natural Resources ETF (Series ID: S000022364)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000064328 | VanEck Natural Resources ETF | HAP             |

## 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 Natural Resources ETF

- **b. EDGAR series identifier (if any):** S000022364

- **c. LEI of Series:** 5493001Y68MF5TFNKP40

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $169177274.52

**Total Liabilities:** $10862306.12

**Net Assets:** $158314968.40

**Cash Not Reported:** $388729.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064328 | -2.93%               | 3.87%                | 3.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-51.76                  | $-4600114.36                               |
| Month 2  | $-2050.02                | $5238058.43                                |
| Month 3  | $111121.54               | $4632978.44                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| China Steel Corp                   | China Steel Corp                                                            | CUSIP: 000000000<br>LEI: 529900D3N7UIJMVJ9120 | Long             | EC               | CORP              | TW        |    860672 | NS      | $553555.79    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Severstal PAO                      | Severstal PAO                                                               | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |      4118 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Shell PLC                          | Shell PLC                                                                   | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    112242 | NS      | $7902959.22   | 4.99%             |  |  |  | No            |                  1 | On Loan: —       |
| Boliden AB                         | Boliden AB                                                                  | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |     17967 | NS      | $557364.60    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV             | Grupo Mexico SAB de CV                                                      | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    183164 | NS      | $1101970.16   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                      | Rio Tinto PLC                                                               | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     48031 | NS      | $2801648.23   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                        | Toro Co/The                                                                 | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     12136 | NS      | $857772.48    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tatneft PJSC                       | Tatneft PJSC                                                                | CUSIP: 876629205<br>LEI: 253400PAT768SVJMV121 | Long             | EC               | CORP              | RU        |      2680 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hess Corp                          | Hess Corp                                                                   | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      4700 | NS      | $651138.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano SA                          | Suzano SA                                                                   | CUSIP: 86959K105<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     59513 | NS      | $560017.33    | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Stora Enso Oyj                     | Stora Enso Oyj                                                              | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     46187 | NS      | $500377.82    | 0.32%             |  |  |  | No            |                  2 | On Loan: —       |
| Svenska Cellulosa AB SCA           | Svenska Cellulosa AB SCA                                                    | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |     42016 | NS      | $542340.02    | 0.34%             |  |  |  | No            |                  2 | On Loan: —       |
| Novolipetsk Steel PJSC             | Novolipetsk Steel PJSC                                                      | CUSIP: 000000000<br>LEI: 213800913TPW32I84456 | Long             | EC               | CORP              | RU        |     26910 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                 | Valero Energy Corp                                                          | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      4725 | NS      | $635134.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                     | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      2503 | NS      | $445133.52    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp            | Marathon Petroleum Corp                                                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      4588 | NS      | $762112.68    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                 | NextEra Energy Inc                                                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     98100 | NS      | $6810102.00   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi ASA                           | Mowi ASA                                                                    | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |     68561 | NS      | $1318873.11   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger NV                    | Schlumberger NV                                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     17746 | NS      | $599814.80    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Ltd                      | Rio Tinto Ltd                                                               | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     13670 | NS      | $963585.26    | 0.61%             |  |  |  | No            |                  2 | On Loan: —       |
| Anglogold Ashanti Plc              | Anglogold Ashanti Plc                                                       | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     22020 | NS      | $1003451.40   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                  | EOG Resources Inc                                                           | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      6690 | NS      | $800190.90    | 0.51%             |  |  |  | No            |                  1 | 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        |  10237318 | NS      | $10237317.95  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                        | Nutrien Ltd                                                                 | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     65806 | NS      | $3832541.44   | 2.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Williams Cos Inc/The               | Williams Cos Inc/The                                                        | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     17421 | NS      | $1094213.01   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd               | Evolution Mining Ltd                                                        | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |     83055 | NS      | $430569.04    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                       | Iberdrola SA                                                                | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    339906 | NS      | $6516356.45   | 4.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Northern Star Resources Ltd        | Northern Star Resources Ltd                                                 | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     65416 | NS      | $804589.68    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                | Cheniere Energy Inc                                                         | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      3617 | NS      | $880811.84    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                      | Mosaic Co/The                                                               | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     40580 | NS      | $1480358.40   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd             | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     26622 | NS      | $3166154.46   | 2.00%             |  |  |  | No            |                  1 | On Loan: —       |
| AGCO Corp                          | AGCO Corp                                                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      8114 | NS      | $837040.24    | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Nucor Corp                         | Nucor Corp                                                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      8588 | NS      | $1112489.52   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Evraz PLC                          | Evraz PLC                                                                   | CUSIP: 000000000<br>LEI: 5493005B7DAN39RXLK23 | Long             | EC               | CORP              | GB        |     10824 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Corteva Inc                        | Corteva Inc                                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     72754 | NS      | $5422355.62   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Surgutneftegas PAO                 | Surgutneftegas PAO                                                          | CUSIP: 000000000<br>LEI: 2138002GZLU65FRAC894 | Long             | EC               | CORP              | RU        |    371430 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Meridian Energy Ltd                | Meridian Energy Ltd                                                         | CUSIP: 000000000<br>LEI: 254900IFKXIGNCY3A092 | Long             | EC               | CORP              | NZ        |    124419 | NS      | $445618.40    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                        | Phillips 66                                                                 | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      6174 | NS      | $736558.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                  | CNH Industrial NV                                                           | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     88156 | NS      | $1142501.76   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                        | Kubota Corp                                                                 | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |    136100 | NS      | $1530111.10   | 0.97%             |  |  |  | No            |                  2 | On Loan: —       |
| Enlight Renewable Energy Ltd       | Enlight Renewable Energy Ltd                                                | CUSIP: 000000000<br>LEI: 984500HF6A99N758F734 | Long             | EC               | CORP              | IL        |         1 | NS      | $18.19        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Oji Holdings Corp                  | Oji Holdings Corp                                                           | CUSIP: 000000000<br>LEI: 529900LVC9GIIYUGE243 | Long             | EC               | CORP              | JP        |     82376 | NS      | $413432.44    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| GCL Technology Holdings Ltd        | GCL Technology Holdings Ltd                                                 | CUSIP: 000000000<br>LEI: 529900O1QCZWP5IWVY66 | Long             | EC               | CORP              | KY        |   2818000 | NS      | $359931.11    | 0.23%             |  |  |  | No            |                  2 | On Loan: —       |
| Archer-Daniels-Midland Co          | Archer-Daniels-Midland Co                                                   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     46321 | NS      | $2444822.38   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                  | Kinross Gold Corp                                                           | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     65943 | NS      | $1030689.09   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc            | Darling Ingredients Inc                                                     | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     27298 | NS      | $1035686.12   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                        | Equinor ASA                                                                 | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     19514 | NS      | $490581.96    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MMC Norilsk Nickel PJSC            | MMC Norilsk Nickel PJSC                                                     | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |        17 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Targa Resources Corp               | Targa Resources Corp                                                        | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      3023 | NS      | $526243.84    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                    | Tyson Foods Inc                                                             | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     35191 | NS      | $1968584.54   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                      | Ingredion Inc                                                               | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      9014 | NS      | $1222478.68   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                      | PhosAgro PJSC                                                               | CUSIP: 000000000<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |      4623 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Occidental Petroleum Corp          | Occidental Petroleum Corp                                                   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     11782 | NS      | $494961.82    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Northland Power Inc                | Northland Power Inc                                                         | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               | CORP              | CA        |     25198 | NS      | $394636.32    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Gold Fields Ltd                    | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     41701 | NS      | $987062.67    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                       | Newmont Corp                                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     46537 | NS      | $2711245.62   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                       | Chevron Corp                                                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55059 | NS      | $7883898.21   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                  | Suncor Energy Inc                                                           | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     22816 | NS      | $854459.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosneft Oil Co PJSC                | Rosneft Oil Co PJSC                                                         | CUSIP: 000000000<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |     13000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras | Petroleo Brasileiro SA - Petrobras                                          | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     42098 | NS      | $485810.92    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                   | Exxon Mobil Corp                                                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     72925 | NS      | $7861315.00   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                 | Steel Dynamics Inc                                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      7121 | NS      | $911559.21    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                            | Eni SpA                                                                     | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     22131 | NS      | $717487.02    | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| JFE Holdings Inc                   | JFE Holdings Inc                                                            | CUSIP: 000000000<br>LEI: 3538002Y11Y03NA9B530 | Long             | EC               | CORP              | JP        |     40664 | NS      | $471589.32    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                     | TC Energy Corp                                                              | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     15678 | NS      | $764929.62    | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| ArcelorMittal SA                   | ArcelorMittal SA                                                            | CUSIP: 03938L203<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     26295 | NS      | $830396.10    | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Vestas Wind Systems A/S            | Vestas Wind Systems A/S                                                     | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     62898 | NS      | $941510.21    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| PhosAgro PJSC                      | PhosAgro PJSC                                                               | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GMK Norilskiy Nickel PAO           | GMK Norilskiy Nickel PAO                                                    | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |    128400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Harmony Gold Mining Co Ltd         | Harmony Gold Mining Co Ltd                                                  | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     30107 | NS      | $420594.79    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd          | West Fraser Timber Co Ltd                                                   | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |      4985 | NS      | $365400.50    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Antofagasta PLC                    | Antofagasta PLC                                                             | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |     25310 | NS      | $628224.32    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corp                        | Cameco Corp                                                                 | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     21756 | NS      | $1614947.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                    | Bunge Global SA                                                             | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     15909 | NS      | $1277174.52   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd           | Wilmar International Ltd                                                    | CUSIP: 000000000<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |    493864 | NS      | $1112906.52   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Gazprom PJSC                       | Gazprom PJSC                                                                | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    125520 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Alamos Gold Inc                    | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     24510 | NS      | $650985.60    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd     | Canadian Natural Resources Ltd                                              | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     31512 | NS      | $989476.80    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                  | Kinder Morgan Inc                                                           | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     29407 | NS      | $864565.80    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc               | Freeport-McMoRan Inc                                                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     58629 | NS      | $2541567.15   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                            | Vale SA                                                                     | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    182403 | NS      | $1771133.13   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp             | Louisiana-Pacific Corp                                                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      4697 | NS      | $403895.03    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                         | Deere & Co                                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     15305 | NS      | $7782439.45   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd              | Valterra Platinum Ltd                                                       | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     12707 | NS      | $557216.88    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd            | Reliance Industries Ltd                                                     | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     27649 | NS      | $1928018.55   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| First Solar Inc                    | First Solar Inc                                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      5987 | NS      | $991087.98    | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| UFP Industries Inc                 | UFP Industries Inc                                                          | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      4262 | NS      | $423472.32    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Steel Corp                  | Nippon Steel Corp                                                           | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |     58300 | NS      | $1099207.01   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted AS                          | Orsted AS                                                                   | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |     12770 | NS      | $548205.43    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                           | Bayer AG                                                                    | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    131895 | NS      | $3959806.22   | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Devon Energy Corp                  | Devon Energy Corp                                                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     10690 | NS      | $340048.90    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                        | LUKOIL PJSC                                                                 | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |      3739 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Franco-Nevada Corp                 | Franco-Nevada Corp                                                          | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      9437 | NS      | $1546913.04   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOSAGRO PJSC                      | PHOSAGRO PJSC                                                               | CUSIP: 000000000<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |        89 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fortescue Ltd                      | Fortescue Ltd                                                               | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     99325 | NS      | $994189.93    | 0.63%             |  |  |  | No            |                  2 | On Loan: —       |
| Novatek PJSC                       | Novatek PJSC                                                                | CUSIP: 000000000<br>LEI: 2138008R6GCRVBDFA581 | Long             | EC               | CORP              | RU        |     19580 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Barrick Mining Corp                | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     93978 | NS      | $1956621.96   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc         | CF Industries Holdings Inc                                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     17848 | NS      | $1642016.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp       | Wheaton Precious Metals Corp                                                | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     19273 | NS      | $1730715.40   | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| TotalEnergies SE                   | TotalEnergies SE                                                            | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     39216 | NS      | $2407470.24   | 1.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Glencore PLC                       | Glencore PLC                                                                | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |    447863 | NS      | $1742236.48   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc             | Diamondback Energy Inc                                                      | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3194 | NS      | $438855.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Eletricas Brasileiras SA  | Centrais Eletricas Brasileiras SA                                           | CUSIP: 15234Q207<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     97179 | NS      | $722039.97    | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| UPM-Kymmene Oyj                    | UPM-Kymmene Oyj                                                             | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     38017 | NS      | $1034554.38   | 0.65%             |  |  |  | No            |                  2 | On Loan: —       |
| BP PLC                             | BP PLC                                                                      | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     43200 | NS      | $1292976.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp           | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     21575 | NS      | $612730.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                        | South32 Ltd                                                                 | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |    228368 | NS      | $434530.95    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp              | Pembina Pipeline Corp                                                       | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     11147 | NS      | $418123.97    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Weyerhaeuser Co                    | Weyerhaeuser Co                                                             | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     34167 | NS      | $877750.23    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                 | Teck Resources Ltd                                                          | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     25507 | NS      | $1029972.66   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                 | Anglo American PLC                                                          | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     49152 | NS      | $1446468.56   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Holmen AB                          | Holmen AB                                                                   | CUSIP: 000000000<br>LEI: 52990080SH3454F0QE68 | Long             | EC               | CORP              | SE        |      9150 | NS      | $359807.70    | 0.23%             |  |  |  | No            |                  2 | On Loan: —       |
| Yara International ASA             | Yara International ASA                                                      | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     27685 | NS      | $1017582.08   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Contact Energy Ltd                 | Contact Energy Ltd                                                          | CUSIP: 000000000<br>LEI: 549300FT5JOXS1PZ1I32 | Long             | EC               | CORP              | NZ        |     73096 | NS      | $399493.67    | 0.25%             |  |  |  | No            |                  2 | On Loan: —       |
| BHP Group Ltd                      | BHP Group Ltd                                                               | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     98892 | NS      | $4755716.28   | 3.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Reliance Inc                       | Reliance Inc                                                                | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      2308 | NS      | $724481.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                          | ONEOK Inc                                                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      9194 | NS      | $750506.22    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd       | Impala Platinum Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     49098 | NS      | $439482.00    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc                       | Enbridge Inc                                                                | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     38569 | NS      | $1747947.08   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc                 | POSCO Holdings Inc                                                          | CUSIP: 693483109<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |     18192 | NS      | $882130.08    | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Polyus PJSC                        | Polyus PJSC                                                                 | CUSIP: 000000000<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |      1669 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ConocoPhillips                     | ConocoPhillips                                                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     17916 | NS      | $1607781.84   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd          | Woodside Energy Group Ltd                                                   | CUSIP: 980228308<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |     30175 | NS      | $465600.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer