# EDGAR Filing Document

**Accession Number:** 0000768847
**File Stem:** 0001410368-25-028343
**Filing Date:** 2025-11
**Character Count:** 48236
**Document Hash:** a0a884424e1fb2cdef4dc0e5c5fa7843
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028343.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028343

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck 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:** 251507696

**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

### Emerging Markets Bond Fund (Series ID: S000037153)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000114413 | Class A      | EMBAX           |
| C000117963 | Class I      | EMBUX           |
| C000117964 | Class Y      | EMBYX           |

## 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:** VanEck Emerging Markets Bond Fund

- **b. EDGAR series identifier (if any):** S000037153

- **c. LEI of Series:** 549300R2WNISS5D4WP38

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **Yes**

### Fund Information

**Total Assets:** $69615160.45

**Total Liabilities:** $159580.41

**Net Assets:** $69455580.04

**Cash Not Reported:** $0.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7.70000000 | **1-Year:** -281.94000000 | **5-Year:** -2284.40000000 | **10-Year:** -851.88000000 | **30-Year:** -26.43000000

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

- **3-Month:** -68.45000000 | **1-Year:** -1551.03000000 | **5-Year:** -3515.89000000 | **10-Year:** -3818.02000000 | **30-Year:** -1309.30000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000114413 | -0.15%               | 2.56%                | 1.66%                |
| Class ID C000117964 | -0.31%               | 2.75%                | 1.68%                |
| Class ID C000117963 | -0.13%               | 2.78%                | 1.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $515233.36               | $-1005169.40                               |
| Month 2  | $260126.87               | $1128074.48                                |
| Month 3  | $-101102.76              | $824027.14                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INDONESIA GOVERNMENT                              | Indonesia Treasury Bond                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 22972000000 | PA      | $1437386.92   | 2.07%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CORPORACION GEO SA DE CV                          | Corp GEO SAB de CV                                | CUSIP: 000000000<br>LEI: 54930004KSSRAZ2P6765 | Long             | DBT              | CORP              | MX        |      380000 | PA      | $1029.80      | 0.00%             | 2020-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds              | Ghana Government International Bonds              | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      558074 | PA      | $479401.06    | 0.69%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     2410000 | PA      | $89032.79     | 0.13%             | 2037-06-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      322000 | PA      | $182413.00    | 0.26%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                          | Asian Infrastructure Investment Bank/The          | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |     8000000 | PA      | $135997.25    | 0.20%             | 2027-01-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                             | Bonos de la Tesoreria de la Republica en pesos    | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   790000000 | PA      | $803656.53    | 1.16%             | 2030-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                             | China Government Bond                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     8000000 | PA      | $1126390.66   | 1.62%             | 2027-02-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                          | Medco Maple Tree Pte Ltd                          | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |      280000 | PA      | $292822.60    | 0.42%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds  | Republic of Kenya Government International Bonds  | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      223000 | PA      | $202560.19    | 0.29%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND                               | Korea Treasury Bond                               | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |  1036900000 | PA      | $735295.28    | 1.06%             | 2030-03-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                | Peru Government Bond                              | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     1303000 | PA      | $410774.15    | 0.59%             | 2039-08-12      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                          | Brazil Notas do Tesouro Nacional Serie F          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     7988000 | PA      | $1267455.12   | 1.82%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE                            | Trident Energy Finance PLC                        | CUSIP: 89616MAB6<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |      319000 | PA      | $333531.35    | 0.48%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| SECURE INTERNATIONAL FIN                          | Secure International Finance Co Inc               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GY        |       43235 | PA      | $43451.47     | 0.06%             | 2029-06-03      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| ECOPETROL SA                                      | Ecopetrol SA                                      | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      693000 | PA      | $751633.02    | 1.08%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Cameroon                              | Republic of Cameroon International Bond           | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |      168333 | PA      | $168013.74    | 0.24%             | 2025-11-19      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                    | Czech Republic Government Bond                    | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |     1600000 | PA      | $78023.85     | 0.11%             | 2026-02-26      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                 | Trinidad & Tobago Government International Bond   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |      187000 | PA      | $191076.60    | 0.28%             | 2031-01-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                           | Hungary Government Bond                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   291170000 | PA      | $904889.69    | 1.30%             | 2026-10-21      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                           | Mexican Bonos                                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    33980000 | PA      | $1616029.74   | 2.33%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SECURE INTERNATIONAL FIN                          | Secure International Finance Co Inc               | CUSIP: 81373LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | GY        |      172059 | PA      | $172919.11    | 0.25%             | 2029-06-03      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| ROMANIA                                           | Romanian Government International Bond            | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      179000 | PA      | $215566.55    | 0.31%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                       | Geopark Ltd                                       | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |      557000 | PA      | $504059.94    | 0.73%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                               | Ecuador Government International Bond             | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      992000 | PA      | $772520.00    | 1.11%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                             | Guatemala Government Bond                         | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |      360000 | PA      | $372484.80    | 0.54%             | 2036-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                           | Bahamas Government International Bond             | CUSIP: 056732AP5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |      115000 | PA      | $124379.40    | 0.18%             | 2036-06-24      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds               | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  1050000000 | PA      | $277642.52    | 0.40%             | 2033-02-03      | Fixed         | 14.38%                | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                            | Republic of Poland Government Bond                | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     5002000 | PA      | $1443769.74   | 2.08%             | 2033-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                            | Republic of Poland Government Bond                | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     7959000 | PA      | $2122394.31   | 3.06%             | 2035-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                           | Mexican Bonos                                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    37490000 | PA      | $1798820.15   | 2.59%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                              | Colombian TES                                     | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  4343000000 | PA      | $1069270.30   | 1.54%             | 2046-07-25      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                          | Saudi Government International Bond               | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     1562000 | PA      | $1854483.82   | 2.67%             | 2032-03-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bond                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     8500000 | PA      | $334355.10    | 0.48%             | 2028-12-17      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                           | Hungary Government Bond                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   103000000 | PA      | $219585.35    | 0.32%             | 2034-06-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bond           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      391431 | PA      | $286151.92    | 0.41%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                 | Gabon Government International Bond               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      706000 | PA      | $663382.30    | 0.96%             | 2029-02-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    20352000 | PA      | $635017.94    | 0.91%             | 2035-12-17      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds          | Sri Lanka Government International Bonds          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      648000 | PA      | $473714.25    | 0.68%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                             | Bonos de la Tesoreria de la Republica en pesos    | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   285000000 | PA      | $303562.66    | 0.44%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      929600 | PA      | $677957.28    | 0.98%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds         | Costa Rica Government International Bonds         | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |      160000 | PA      | $167160.00    | 0.24%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    37376000 | PA      | $1179144.41   | 1.70%             | 2028-04-17      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                          | Digicel International Finance Ltd / Difl US LLC   | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |       76000 | PA      | $78193.99     | 0.11%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds            | Ecuador Government International Bonds            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |      990000 | PA      | $750073.50    | 1.08%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                            | Gran Tierra Energy Inc                            | CUSIP: 000000000<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |      571000 | PA      | $483736.17    | 0.70%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Republic of Congo                                 | Congolese International Bond                      | CUSIP: 000000000<br>LEI: 529900BXT90HR4QTB688 | Long             | SN               | NUSS              | CG        |     1440960 | PA      | $1321774.60   | 1.90%             | 2029-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bolivia Government International Bonds            | Bolivia Government International Bonds            | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |      803000 | PA      | $626821.80    | 0.90%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                           | Philippine Government International Bond          | CUSIP: 718286BM8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    86289000 | PA      | $1469999.00   | 2.12%             | 2036-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      787000 | PA      | $412781.50    | 0.59%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds              | Egypt Government International Bonds              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      755000 | PA      | $682944.01    | 0.98%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                | Angolan Government International Bond             | CUSIP: 035198AB6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      275000 | PA      | $276970.11    | 0.40%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                  | Barbados Government International Bond            | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |      125000 | PA      | $130211.88    | 0.19%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                            | Oman Government International Bond                | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |      349000 | PA      | $376986.29    | 0.54%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                 | Gabon Government International Bond               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      775000 | PA      | $623125.03    | 0.90%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                          | Brazil Notas do Tesouro Nacional Serie F          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     6116000 | PA      | $1128910.36   | 1.63%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                    | Czech Republic Government Bond                    | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    15490000 | PA      | $769242.50    | 1.11%             | 2034-04-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                        | Singapore Government Bonds                        | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |      382000 | PA      | $317412.85    | 0.46%             | 2035-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GLP PTE LTD                                       | GLP Pte Ltd                                       | CUSIP: 000000000<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | CORP              | SG        |      601000 | PA      | $416128.38    | 0.60%             | 2026-05-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                           | Romanian Government International Bond            | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     1055000 | PA      | $1270517.96   | 1.83%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                               | Nigeria Government International Bond             | CUSIP: 65412JAT0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      364000 | PA      | $329008.91    | 0.47%             | 2051-09-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                           | Hungary Government Bond                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   165000000 | PA      | $428182.50    | 0.62%             | 2030-08-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                | Angolan Government International Bond             | CUSIP: 035198AC4<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      155000 | PA      | $133489.15    | 0.19%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Czech Republic                                    | Czech Republic Government Bond                    | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    25090000 | PA      | $1012810.82   | 1.46%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                          | Republic of South Africa Government Bond          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    37739000 | PA      | $1903237.97   | 2.74%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                               | Malaysia Government Bond                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     1460000 | PA      | $334952.72    | 0.48%             | 2031-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SIAM COMMERCIAL BANK CAY                          | Siam Commercial Bank PCL/Cayman Islands           | CUSIP: 000000000<br>LEI: 54930068OELHUBHH1U03 | Long             | DBT              | CORP              | TH        |      593000 | PA      | $593511.02    | 0.85%             | 2029-02-11      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                              | Paraguay Government International Bond            | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |  2360000000 | PA      | $322069.59    | 0.46%             | 2031-02-09      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds               | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  1732000000 | PA      | $485704.20    | 0.70%             | 2035-11-08      | Fixed         | 16.25%                | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                | Morocco Government International Bond             | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      238000 | PA      | $263151.92    | 0.38%             | 2030-09-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PLC                                 | SEPLAT Energy PLC                                 | CUSIP: 81733MAA3<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |      578000 | PA      | $594335.73    | 0.86%             | 2030-03-21      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                           | El Salvador Government International Bond         | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      377000 | PA      | $10179.00     | 0.01%             | 2030-04-17      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                        | Singapore Government Bonds                        | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |      216000 | PA      | $186202.69    | 0.27%             | 2033-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds               | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  3271700000 | PA      | $840625.04    | 1.21%             | 2034-06-22      | Fixed         | 14.25%                | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds            | Turkiye Government International Bonds            | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     1195000 | PA      | $949828.77    | 1.37%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                          | AES Panama Generation Holdings SRL                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |      410205 | PA      | $387949.74    | 0.56%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bond         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |       67489 | PA      | $66921.35     | 0.10%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                             | Bonos de la Tesoreria de la Republica en pesos    | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  1365000000 | PA      | $1503304.32   | 2.16%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                             | NWD Finance BVI Ltd                               | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |      249000 | PA      | $129298.75    | 0.19%             | 2025-10-30      | Fixed         | 10.13%                | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                               | Malaysia Government Bond                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     5897000 | PA      | $1439969.84   | 2.07%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                             | NWD Finance BVI Ltd                               | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |     1171000 | PA      | $522492.30    | 0.75%             | 2026-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL                                       | 3R Lux SARL                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      399000 | PA      | $421623.30    | 0.61%             | 2031-02-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                 | Gabon Government International Bond               | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      103000 | PA      | $82805.48     | 0.12%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                             | Petroleos del Peru SA                             | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |      593000 | PA      | $516167.96    | 0.74%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                                | Bolivian Government International Bond            | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |      378000 | PA      | $310111.20    | 0.45%             | 2030-03-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bond                            | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     1208000 | PA      | $42385.47     | 0.06%             | 2031-01-25      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                             | China Government Bond                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     2000000 | PA      | $283719.62    | 0.41%             | 2027-03-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bond             | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    12920000 | PA      | $356503.20    | 0.51%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| UAE International Government Bonds                | UAE International Government Bonds                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |      981000 | PA      | $878874.53    | 1.27%             | 2031-10-19      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                              | Fortune Star BVI Ltd                              | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      292000 | PA      | $288673.88    | 0.42%             | 2027-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                           | Mexican Bonos                                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    17100000 | PA      | $813550.86    | 1.17%             | 2053-07-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                             | Argentine Republic Government International Bond  | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      559200 | PA      | $449369.70    | 0.65%             | 2030-07-09      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio                        | Invesco Treasury Portfolio                        | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |     4143731 | NS      | $4143731.18   | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                            | Republic of Uzbekistan International Bond         | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      189000 | PA      | $173926.92    | 0.25%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bond         | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      608000 | PA      | $667713.56    | 0.96%             | 2040-10-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                      | Ecopetrol SA                                      | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      251000 | PA      | $259385.45    | 0.37%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                             | Petroleos del Peru SA                             | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |      655000 | PA      | $484883.40    | 0.70%             | 2047-06-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bond             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      290000 | PA      | $304355.00    | 0.44%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                                 | Tunisian Republic                                 | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |   100000000 | PA      | $646033.35    | 0.93%             | 2027-08-09      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND                               | Korea Treasury Bond                               | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |   700000000 | PA      | $540875.05    | 0.78%             | 2033-12-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                          | Republic of South Africa Government Bond          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    38835000 | PA      | $1943245.70   | 2.80%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                     | HTA Group Ltd/Mauritius                           | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |      104000 | PA      | $108160.47    | 0.16%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    25571000 | PA      | $914507.13    | 1.32%             | 2045-06-17      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                               | Malaysia Government Bond                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     5510000 | PA      | $1315562.38   | 1.89%             | 2030-05-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL                            | Star Energy Geothermal Wayang Windu Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |      223147 | PA      | $231348.77    | 0.33%             | 2033-04-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                               | Benin Government International Bond               | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |       39000 | PA      | $39977.47     | 0.06%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bond             | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    15895000 | PA      | $405094.17    | 0.58%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FRIGORIFICO CONCEPCION                            | Frigorifico Concepcion SA                         | CUSIP: 000000000<br>LEI: 529900Q6VZVL47QJCQ91 | Long             | DBT              | CORP              | PY        |      887000 | PA      | $659351.65    | 0.95%             | 2028-07-21      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                          | Republic of South Africa Government Bond          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     7750000 | PA      | $411218.82    | 0.59%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NEW WORLD CHINA LAND LTD                          | New World China Land Ltd                          | CUSIP: 000000000<br>LEI: 549300X7767HIID3YE28 | Long             | DBT              | CORP              | KY        |      290000 | PA      | $247455.96    | 0.36%             | 2027-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** VanEck Funds

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer