# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001752724-25-196021
**Filing Date:** 2025-8
**Character Count:** 16307
**Document Hash:** b5eeda214e935bd6230d503600bbb950
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-196021.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001752724-25-196021

**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:** 251239208

**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 BDC Income ETF (Series ID: S000033466)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000102898 | VanEck BDC Income ETF | BIZD            |

## 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 BDC Income ETF

- **b. EDGAR series identifier (if any):** S000033466

- **c. LEI of Series:** 5493000CQN0MMJGTGK14

**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:** $1739431535.21

**Total Liabilities:** $144813238.72

**Net Assets:** $1594618296.49

**Cash Not Reported:** $4688729.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102898 | -6.56%               | 5.61%                | 1.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $587757.79               | $-86445548.53                              |
| Month 2  | $791685.06               | $64172471.62                               |
| Month 3  | $1044639.53              | $-17981042.34                              |

**Designated Index Information**

- **Index Name:** MVIS US Business Development Companies Index (TR Gross)

- **Index Identifier:** MVBDCTRG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MidCap Financial Investment Corp      | MidCap Financial Investment Corp                                                            | CUSIP: 03761U502<br>LEI: 5493005P14I7WFB3FW47 | Long             | EC               | CORP              | US        |   2113835 | NS      | $26676597.70  | 1.67%             |  |  |  | No            |                  1 | On Loan: —       |
| PennantPark Floating Rate Capital Ltd | PennantPark Floating Rate Capital Ltd                                                       | CUSIP: 70806A106<br>LEI: 529900BH3IP6381K4L72 | Long             | EC               | CORP              | US        |   2247824 | NS      | $23220021.92  | 1.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Gladstone Investment Corp             | Gladstone Investment Corp                                                                   | CUSIP: 376546107<br>LEI: 549300HFFTVIBC98Z362 | Long             | EC               | CORP              | US        |    834567 | NS      | $11909271.09  | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| New Mountain Finance Corp             | New Mountain Finance Corp                                                                   | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               | CORP              | US        |   2199080 | NS      | $23200294.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street Global Advisors          | State Street Navigator Securities Lending Government Money Market Portfolio                 | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        | 143120499 | NS      | $143120498.75 | 8.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Secured Lending Fund       | Blackstone Secured Lending Fund                                                             | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |   4753840 | NS      | $146180580.00 | 9.17%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                | U.S. Treasury Bills                                                                         | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10951000 | PA      | $10814718.20  | 0.68%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidus Investment Corp                 | Fidus Investment Corp                                                                       | CUSIP: 316500107<br>LEI: 549300836CRWCROFBC02 | Long             | EC               | CORP              | US        |    793209 | NS      | $16022821.80  | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| UBS Securities LLC                    | Long: MVBDCTRG  TRS USD R E MVBDCTRG / Short: MVBDCTRG  TRS USD P V 00MSOFR SOFRRATE +90BPS | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               |  | US        | 200299807 | OU      | $-277939.19   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Bain Capital Specialty Finance Inc    | Bain Capital Specialty Finance Inc                                                          | CUSIP: 05684B107<br>LEI: 549300V2JL72R0EYBK64 | Long             | EC               | CORP              | US        |    837686 | NS      | $12598797.44  | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Golub Capital BDC Inc                 | Golub Capital BDC Inc                                                                       | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | CORP              | US        |   3912974 | NS      | $57325069.10  | 3.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Gladstone Capital Corp                | Gladstone Capital Corp                                                                      | CUSIP: 376535878<br>LEI: 549300AWMOT9JR1SIJ74 | Long             | EC               | CORP              | US        |    505891 | NS      | $13643880.27  | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| FS KKR Capital Corp                   | FS KKR Capital Corp                                                                         | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |   2770021 | NS      | $57477935.75  | 3.60%             |  |  |  | No            |                  1 | On Loan: —       |
| SLR Investment Corp                   | SLR Investment Corp                                                                         | CUSIP: 83413U100<br>LEI: BJOT6DX9ML6BR3Z0O636 | Long             | EC               | CORP              | US        |    964048 | NS      | $15559734.72  | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Carlyle Secured Lending Inc           | Carlyle Secured Lending Inc                                                                 | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               | CORP              | US        |   1651647 | NS      | $22594530.96  | 1.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Blue Owl Capital Corp                 | Blue Owl Capital Corp                                                                       | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |  12107931 | NS      | $173627730.54 | 10.89%            |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley Direct Lending Fund    | Morgan Stanley Direct Lending Fund                                                          | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | CORP              | US        |   1678186 | NS      | $31415641.92  | 1.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Barings BDC Inc                       | Barings BDC Inc                                                                             | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |   2074677 | NS      | $18962547.78  | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Prospect Capital Corp                 | Prospect Capital Corp                                                                       | CUSIP: 74348T102<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EC               | CORP              | US        |   8286067 | NS      | $26349693.06  | 1.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Oaktree Specialty Lending Corp        | Oaktree Specialty Lending Corp                                                              | CUSIP: 67401P405<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | CORP              | US        |   1816009 | NS      | $24806682.94  | 1.56%             |  |  |  | No            |                  1 | On Loan: —       |
| BlackRock TCP Capital Corp            | BlackRock TCP Capital Corp                                                                  | CUSIP: 09259E108<br>LEI: 549300JU1XG1HF56J989 | Long             | EC               | CORP              | US        |   1926567 | NS      | $14834565.90  | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                | U.S. Treasury Bills                                                                         | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        | 295965000 | PA      | $295487632.13 | 18.53%            | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| UBS Securities LLC                    | Long: MVBDCTRG1 TRS USD R E MVBDCTRG / Short: MVBDCTRG1 TRS USD P V 00MSOFR SOFRRATE+90BPS  | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DE               |  | US        | 127925672 | OU      | $-9082.01     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Hercules Capital Inc                  | Hercules Capital Inc                                                                        | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |   3293998 | NS      | $60214283.44  | 3.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Main Street Capital Corp              | Main Street Capital Corp                                                                    | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               | CORP              | US        |   1031441 | NS      | $60958163.10  | 3.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Goldman Sachs BDC Inc                 | Goldman Sachs BDC Inc                                                                       | CUSIP: 38147U107<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | EC               | CORP              | US        |   2497975 | NS      | $28102218.75  | 1.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Trinity Capital Inc                   | Trinity Capital Inc                                                                         | CUSIP: 896442308<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EC               | CORP              | US        |   1464692 | NS      | $20608216.44  | 1.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Nuveen Churchill Direct Lending Corp  | Nuveen Churchill Direct Lending Corp                                                        | CUSIP: 67090S108<br>LEI: 254900X3ULEP6XX7HG39 | Long             | EC               | CORP              | US        |    877141 | NS      | $14200912.79  | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| CION Investment Corp                  | CION Investment Corp                                                                        | CUSIP: 17259U204<br>LEI: 549300XN70JLF94XKX80 | Long             | EC               | CORP              | US        |   1191489 | NS      | $11402549.73  | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Sixth Street Specialty Lending Inc    | Sixth Street Specialty Lending Inc                                                          | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |   1873346 | NS      | $44604368.26  | 2.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Capital Southwest Corp                | Capital Southwest Corp                                                                      | CUSIP: 140501107<br>LEI: 54930023YZ4YEJEDBO56 | Long             | EC               | CORP              | US        |   1241902 | NS      | $27371520.08  | 1.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Ares Capital Corp                     | Ares Capital Corp                                                                           | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | CORP              | US        |  12987246 | NS      | $285199922.16 | 17.89%            |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-07-24

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer