# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001410368-25-028398
**Filing Date:** 2025-11
**Character Count:** 36749
**Document Hash:** 69d33f11a1c239e91ddccdcaf0523b74
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028398.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028398

**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 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:** 251507901

**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 Africa Index ETF (Series ID: S000022901)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000066393 | VanEck Africa Index ETF | AFK             |

## Nport-Ex

VANECK

AFRICA

INDEX

ETF

SCHEDULE

OF

INVESTMENTS

September

30,

2025

(unaudited)

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 99.4%

#### Australia

#### :

#### 4.3%
AVZ

Minerals

Ltd. †∞

1,399,901

$

94,634

Paladin

Energy

Ltd. \*

†

375,241

2,076,015

Perseus

Mining

Ltd.

491,624

1,584,192

3,754,841

#### Burkina

#### Faso

#### :

#### 2.8%
IAMGOLD

Corp.

(USD) \*

188,681

2,439,645

Underline

#### Canada

#### :

#### 8.2%
B2Gold

Corp.

(USD)

70,607

349,505

Barrick

Mining

Corp.

(USD)

103,134

3,379,701

Ivanhoe

Mines

Ltd. \*

†

315,270

3,344,391

7,073,597

#### Egypt

#### :

#### 2.5%
Commercial

International

Bank

-

Egypt

(USD)

(GDR)

1,086,282

2,188,417

Underline

#### India

#### :

#### 2.0%
MakeMyTrip

Ltd.

(USD) \*

†

18,794

1,759,118

Underline

#### Indonesia

#### :

#### 0.5%
Golden

Agri-Resources

Ltd.

(SGD)

1,795,500

410,501

Underline

#### Kenya

#### :

#### 4.7%
Equity

Group

Holdings

PLC

3,626,061

1,628,429

Safaricom

PLC

11,062,657

2,473,353

4,101,782

#### Morocco

#### :

#### 13.5%
Attijariwafa

Bank

50,229

4,111,996

Bank

of

Africa

47,021

1,317,571

Banque

Centrale

Populaire

98,121

3,180,723

Co.

Sucrerie

Marocaine

et

de

Raffinage

29,413

691,664

Societe

d'Exploitation

des

Ports

22,848

2,385,139

11,687,093

#### Nigeria

#### :

#### 6.1%
Guaranty

Trust

Holding

Co.

PLC

47,893,237

3,049,372

Zenith

Bank

PLC

47,600,335

2,213,432

5,262,804

#### Norway

#### :

#### 0.2%
Scatec

ASA

144A \*

12,355

121,976

Underline

#### South

#### Africa

#### :

#### 34.9%
Absa

Group

Ltd.

81,740

858,679

African

Rainbow

Minerals

Ltd. †

10,530

113,295

Anglo

American

PLC

(GBP)

97,687

3,687,212

Aspen

Pharmacare

Holdings

Ltd. \*

†

28,126

157,939

AVI

Ltd.

23,584

135,223

Bid

Corp.

Ltd. †

22,315

559,088

Bidvest

Group

Ltd. †

16,085

197,486

Capitec

Bank

Holdings

Ltd.

8,049

1,625,819

Clicks

Group

Ltd.

17,097

349,263

Discovery

Ltd.

47,837

546,233

E

Media

Holdings

Ltd.

14,965

1,561

Exxaro

Resources

Ltd. †

14,424

150,640

#### Number

#### of

#### Shares

#### Value

#### South

#### Africa
(continued)

FirstRand

Ltd.

495,065

$

2,228,162

Gold

Fields

Ltd.

(ADR)

69,637

2,921,969

Growthpoint

Properties

Ltd.

194,663

166,201

Harmony

Gold

Mining

Co.

Ltd.

(ADR)

40,684

738,415

Impala

Platinum

Holdings

Ltd.

67,451

861,061

Investec

PLC

(GBP)

43,358

324,249

Kumba

Iron

Ore

Ltd. †

5,751

108,287

Life

Healthcare

Group

Holdings

Ltd.

120,291

80,810

Momentum

Group

Ltd.

87,801

166,874

Mr

Price

Group

Ltd.

18,288

215,875

MTN

Group

Ltd.

127,232

1,071,746

Naspers

Ltd.

14,508

5,277,142

Nedbank

Group

Ltd.

39,804

492,575

Northam

Platinum

Holdings

Ltd.

33,575

545,290

Old

Mutual

Ltd.

296,987

229,713

OUTsurance

Group

Ltd.

63,389

263,440

Pepkor

Holdings

Ltd.

144A

197,869

278,963

Remgro

Ltd.

36,685

356,654

Sanlam

Ltd.

140,087

678,735

Sasol

Ltd.

(ADR) \*

†

40,572

252,358

Shoprite

Holdings

Ltd. †

40,378

641,297

Sibanye

Stillwater

Ltd.

(ADR) \*

57,934

651,178

Standard

Bank

Group

Ltd.

112,428

1,539,695

Tiger

Brands

Ltd.

8,885

159,011

Valterra

Platinum

Ltd.

20,338

1,452,887

Woolworths

Holdings

Ltd. †

68,455

199,542

30,284,567

#### Tanzania

#### :

#### 1.5%
Helios

Towers

PLC

(GBP) \*

648,258

1,303,259

Underline

#### United

#### Arab

#### Emirates

#### :

#### 2.0%
Itissalat

Al-Maghrib

(MAD)

136,830

1,763,591

Underline

#### United

#### Kingdom

#### :

#### 7.7%
Airtel

Africa

PLC

144A

1,023,936

3,365,925

Endeavour

Mining

PLC

71,914

3,010,254

Vodacom

Group

Ltd.

(ZAR)

34,952

270,033

6,646,212

#### United

#### States

#### :

#### 5.6%
Anglogold

Ashanti

PLC

31,834

2,238,885

Kosmos

Energy

Ltd. \*

†

1,173,593

1,948,165

Royal

Caribbean

Cruises

Ltd.

2,074

671,105

4,858,155

#### Zambia

#### :

#### 2.9%
First

Quantum

Minerals

Ltd.

(CAD) \*

†

112,066

2,535,459

Underline

#### Zimbabwe

#### :

#### 0.0%
Delta

Corp.

Ltd.

15,980

8,396

Econet

Wireless

Zimbabwe

Ltd.

2,231

VANECK

AFRICA

INDEX

ETF

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Number

#### of

#### Shares

#### Value

#### Zimbabwe
(continued)

TN

CyberTech

Investments

Holdings

Ltd. \*

32,900

$

8,929

#### Total

#### Common

#### Stocks
(Cost:

$62,347,635)

86,199,946

#### RIGHTS

#### :

#### 0.0%

#### Morocco

#### :

#### 0.0%
Bank

of

Africa,

MAD

190.00,

exp.

10/13/25\*

#### Total

#### Investments

#### Before

#### Collateral

#### for

#### Securities

#### Loaned:

#### 99.4%
(Cost:

$62,347,635)

86,199,955

#### Number

#### of

#### Shares

#### Value

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 2.7%

#### Money

#### Market

#### Fund:

#### 2.7%
(Cost:

$2,353,139)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.18%(a)

2,353,139

$

2,353,139

#### Total

#### Investments:

#### 102.1%
(Cost:

$64,700,774)

88,553,094

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (2.1)%
(1,823,523)

#### NET

#### ASSETS:

#### 100.0%
$

86,729,571

#### Definitions:
ADR

American

Depositary

Receipt

CAD

Canadian

Dollar

GBP

British

Pound

GDR

Global

Depositary

Receipt

MAD

Moroccan

Dirham

SGD

Singapore

Dollar

USD

United

States

Dollar

ZAR

South

African

Rand

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$8,568,374.

∞

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

in

the

fair

value

hierarchy.

\*

Non-income

producing

(a) Rate

shown

is

the

1-day

yield

as

of

09/30/25.

144A

Security

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended,

or

otherwise

restricted.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

unless

otherwise

noted.

These

securities

have

an

aggregate

value

of

$3,766,864,

or

4.3%

of

net

assets.

## 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 Africa Index ETF

- **b. EDGAR series identifier (if any):** S000022901

- **c. LEI of Series:** 549300T4XTKM8K058620

**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? **No**

### Fund Information

**Total Assets:** $88017056.85

**Total Liabilities:** $2492233.85

**Net Assets:** $85524823.00

**Cash Not Reported:** $253654.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066393 | 3.74%                | 6.94%                | 9.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11722.27               | $1794984.67                                |
| Month 2  | $-3798.08                | $4053106.37                                |
| Month 3  | $251667.34               | $6242969.37                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Paladin Energy Ltd                          | Paladin Energy Ltd                                                          | CUSIP: 000000000<br>LEI: 549300M44UTJAP8J6B37 | Long             | EC               | CORP              | AU        |    370015 | NS      | $2047102.20   | 2.39%             |  |  |  | No            |                  2 | On Loan: —       |
| Vodacom Group Ltd                           | Vodacom Group Ltd                                                           | CUSIP: 000000000<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |     34465 | NS      | $266270.97    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                        | Endeavour Mining PLC                                                        | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     70909 | NS      | $2968185.59   | 3.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Woolworths Holdings Ltd/South Africa        | Woolworths Holdings Ltd/South Africa                                        | CUSIP: 000000000<br>LEI: 37890095421E07184E97 | Long             | EC               | CORP              | ZA        |     67499 | NS      | $196755.53    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Growthpoint Properties Ltd                  | Growthpoint Properties Ltd                                                  | CUSIP: 000000000<br>LEI: 37890019DD1E46632291 | Long             | EC               |  | ZA        |    191948 | NS      | $163883.15    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Attijariwafa Bank                           | Attijariwafa Bank                                                           | CUSIP: 000000000<br>LEI: 213800NKX83414QQZ664 | Long             | EC               | CORP              | MA        |     50229 | NS      | $4111996.24   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AVI Ltd                                     | AVI Ltd                                                                     | CUSIP: 000000000<br>LEI: 378900C2D68805FAAF75 | Long             | EC               | CORP              | ZA        |     23255 | NS      | $133336.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                       | Anglogold Ashanti Plc                                                       | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     31391 | NS      | $2207729.03   | 2.58%             |  |  |  | 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        |   2350196 | NS      | $2350195.70   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| E Media Holdings Ltd                        | E Media Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     14750 | NS      | $1538.91      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Corp Ltd/Zimbabwe                     | Delta Corp Ltd/Zimbabwe                                                     | CUSIP: 000000000<br>LEI: 984500B99AD2EWFECF31 | Long             | EC               | CORP              | ZW        |     15980 | NS      | $8396.07      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd                        | Exxaro Resources Ltd                                                        | CUSIP: 000000000<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |     14222 | NS      | $148530.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| AVZ MINERALS LIMITED                        | AVZ MINERALS LIMITED                                                        | CUSIP: 000000000<br>LEI: 5299001S9IIZ7Y6CKB92 | Long             | EC               | CORP              | AU        |   1399901 | NS      | $94633.98     | 0.11%             |  |  |  | No            |                  3 | On Loan: —       |
| Commercial International Bank - Egypt (CIB) | Commercial International Bank - Egypt (CIB)                                 | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |   1071141 | NS      | $2157914.23   | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Mr Price Group Ltd                          | Mr Price Group Ltd                                                          | CUSIP: 000000000<br>LEI: 378900D3417C35C5D733 | Long             | EC               | CORP              | ZA        |     18033 | NS      | $212864.68    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                 | Royal Caribbean Cruises Ltd                                                 | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2045 | NS      | $661721.10    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd                               | FirstRand Ltd                                                               | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |    488159 | NS      | $2197079.85   | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| African Rainbow Minerals Ltd                | African Rainbow Minerals Ltd                                                | CUSIP: 000000000<br>LEI: 529900L3TPSCK8ZVZ589 | Long             | EC               | CORP              | ZA        |     10383 | NS      | $111713.37    | 0.13%             |  |  |  | No            |                  2 | On Loan: —       |
| Guaranty Trust Holding Co PLC               | Guaranty Trust Holding Co PLC                                               | CUSIP: 000000000<br>LEI: 0292004488G9K8Y1I649 | Long             | EC               | CORP              | NG        |  47893237 | NS      | $3049372.27   | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                             | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     68666 | NS      | $2881225.36   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Northam Platinum Holdings Ltd               | Northam Platinum Holdings Ltd                                               | CUSIP: 000000000<br>LEI: 3789009D0712C7101695 | Long             | EC               | CORP              | ZA        |     33106 | NS      | $537672.72    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Group Holdings PLC/Kenya             | Equity Group Holdings PLC/Kenya                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KE        |   3626061 | NS      | $1628428.48   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Absa Group Ltd                              | Absa Group Ltd                                                              | CUSIP: 000000000<br>LEI: 2138006IPPRD4N6XLT30 | Long             | EC               | CORP              | ZA        |     80600 | NS      | $846703.35    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlam Ltd                                  | Sanlam Ltd                                                                  | CUSIP: 000000000<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |    138132 | NS      | $669262.65    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Africa                              | Bank of Africa                                                              | CUSIP: 000000000<br>LEI: 21380047DNBRQ54F9W43 | Long             | EC               | CORP              | MA        |     47021 | NS      | $1317570.75   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Naspers Ltd                                 | Naspers Ltd                                                                 | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |     14306 | NS      | $5203666.45   | 6.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co Ltd                  | Harmony Gold Mining Co Ltd                                                  | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     40116 | NS      | $728105.40    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                           | Kosmos Energy Ltd                                                           | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   1157165 | NS      | $1920893.90   | 2.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Golden Agri-Resources Ltd                   | Golden Agri-Resources Ltd                                                   | CUSIP: 000000000<br>LEI: 529900GAK9LTNC3IFY40 | Long             | EC               | CORP              | MU        |   1770400 | NS      | $404762.71    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Mutual Ltd                              | Old Mutual Ltd                                                              | CUSIP: 000000000<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |    292843 | NS      | $226507.90    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Perseus Mining Ltd                          | Perseus Mining Ltd                                                          | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |    484813 | NS      | $1562244.20   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Co Sucrerie Marocaine et de Raffinage       | Co Sucrerie Marocaine et de Raffinage                                       | CUSIP: 000000000<br>LEI: 549300CZNVL5PFG4LJ18 | Long             | EC               | CORP              | MA        |     29413 | NS      | $691663.73    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Towers PLC                           | Helios Towers PLC                                                           | CUSIP: 000000000<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    639223 | NS      | $1285094.64   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| TN CyberTech Investments Holdings Ltd       | TN CyberTech Investments Holdings Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZW        |     32900 | NS      | $133.36       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd                           | Nedbank Group Ltd                                                           | CUSIP: 000000000<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |     39249 | NS      | $485707.09    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Zenith Bank PLC                             | Zenith Bank PLC                                                             | CUSIP: 000000000<br>LEI: 029200268F8M5YI5I629 | Long             | EC               | CORP              | NG        |  47600335 | NS      | $2213431.94   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTsurance Group Ltd                        | OUTsurance Group Ltd                                                        | CUSIP: 000000000<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |     62505 | NS      | $259765.74    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd                   | Capitec Bank Holdings Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      7937 | NS      | $1603195.98   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Africa                              | Bank of Africa                                                              | CUSIP: 000000000<br>LEI: 21380047DNBRQ54F9W43 | Long             | EC               | CORP              | MA        |        21 | NS      | $8.82         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Pharmacare Holdings Ltd               | Aspen Pharmacare Holdings Ltd                                               | CUSIP: 000000000<br>LEI: 635400ZYSN1IRD5QWQ94 | Long             | EC               | CORP              | ZA        |     27734 | NS      | $155738.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Sibanye Stillwater Ltd                      | Sibanye Stillwater Ltd                                                      | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     57125 | NS      | $642085.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Banque Centrale Populaire                   | Banque Centrale Populaire                                                   | CUSIP: 000000000<br>LEI: 54930083GPEJRQSDDR70 | Long             | EC               | CORP              | MA        |     98121 | NS      | $3180723.27   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Group Ltd                               | MTN Group Ltd                                                               | CUSIP: 000000000<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    125458 | NS      | $1056802.56   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                           | Ivanhoe Mines Ltd                                                           | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    310874 | NS      | $3297757.83   | 3.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Discovery Ltd                               | Discovery Ltd                                                               | CUSIP: 000000000<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |     47170 | NS      | $538617.01    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd                       | Valterra Platinum Ltd                                                       | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     20054 | NS      | $1432599.08   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                           | Airtel Africa PLC                                                           | CUSIP: 000000000<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   1009698 | NS      | $3319120.98   | 3.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiger Brands Ltd                            | Tiger Brands Ltd                                                            | CUSIP: 000000000<br>LEI: 529900C57HAFZAHHBC90 | Long             | EC               | CORP              | ZA        |      8761 | NS      | $156791.56    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                         | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    101701 | NS      | $3332741.77   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentum Group Ltd                          | Momentum Group Ltd                                                          | CUSIP: 000000000<br>LEI: 98450051AABCKEC84814 | Long             | EC               | CORP              | ZA        |     86577 | NS      | $164547.74    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bidvest Group Ltd                           | Bidvest Group Ltd                                                           | CUSIP: 000000000<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |     15861 | NS      | $194735.66    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Life Healthcare Group Holdings Ltd          | Life Healthcare Group Holdings Ltd                                          | CUSIP: 000000000<br>LEI: 529900NEEWARTDD80135 | Long             | EC               | CORP              | ZA        |    118614 | NS      | $79683.31     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Clicks Group Ltd                            | Clicks Group Ltd                                                            | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |     16858 | NS      | $344381.02    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                                 | B2Gold Corp                                                                 | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |     69626 | NS      | $344648.70    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe d'Exploitation des Ports            | Societe d'Exploitation des Ports                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |     22848 | NS      | $2385139.03   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepkor Holdings Ltd                         | Pepkor Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 3789006D677C34F69875 | Long             | EC               | CORP              | ZA        |    195108 | NS      | $275070.60    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| IAMGOLD Corp                                | IAMGOLD Corp                                                                | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    186061 | NS      | $2405768.73   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sasol Ltd                                   | Sasol Ltd                                                                   | CUSIP: 803866300<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |     40006 | NS      | $248837.32    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Kumba Iron Ore Ltd                          | Kumba Iron Ore Ltd                                                          | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      5671 | NS      | $106780.14    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Itissalat Al-Maghrib                        | Itissalat Al-Maghrib                                                        | CUSIP: 000000000<br>LEI: 254900LH0G1ZIZ78Y462 | Long             | EC               | CORP              | MA        |    136830 | NS      | $1763590.65   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Econet Wireless Zimbabwe Ltd                | Econet Wireless Zimbabwe Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZW        |      2231 | NS      | $399.83       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Scatec ASA                                  | Scatec ASA                                                                  | CUSIP: 000000000<br>LEI: 5967007LIEEXZXIARK36 | Long             | EC               | CORP              | NO        |     12183 | NS      | $120278.24    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bid Corp Ltd                                | Bid Corp Ltd                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     22004 | NS      | $551295.70    | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| Investec PLC                                | Investec PLC                                                                | CUSIP: 000000000<br>LEI: 2138007Z3U5GWDN3MY22 | Long             | EC               | CORP              | GB        |     42753 | NS      | $319724.88    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Bank Group Ltd                     | Standard Bank Group Ltd                                                     | CUSIP: 000000000<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |    110860 | NS      | $1518221.62   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                          | Anglo American PLC                                                          | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     96323 | NS      | $3635727.97   | 4.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Remgro Ltd                                  | Remgro Ltd                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     36173 | NS      | $351676.41    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Safaricom PLC                               | Safaricom PLC                                                               | CUSIP: 000000000<br>LEI: 984500A80B648A7B9717 | Long             | EC               | CORP              | KE        |  11062657 | NS      | $2473353.39   | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                | Impala Platinum Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     66510 | NS      | $849048.82    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd                  | First Quantum Minerals Ltd                                                  | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    110504 | NS      | $2500119.25   | 2.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Shoprite Holdings Ltd                       | Shoprite Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 529900Q4O1EYP6NH5150 | Long             | EC               | CORP              | ZA        |     39815 | NS      | $632355.20    | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| MakeMyTrip Ltd                              | MakeMyTrip Ltd                                                              | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |     18532 | NS      | $1734595.20   | 2.03%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer