# EDGAR Filing Document

**Accession Number:** 0001137360
**File Stem:** 0001752724-25-196019
**Filing Date:** 2025-8
**Character Count:** 42304
**Document Hash:** 84af02124dcd0d85941f50c226d80aec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-196019.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001752724-25-196019

**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:** 251239206

**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 Brazil Small-Cap ETF (Series ID: S000025533)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000076451 | VanEck Brazil Small-Cap ETF | BRF             |

## 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 Brazil Small-Cap ETF

- **b. EDGAR series identifier (if any):** S000025533

- **c. LEI of Series:** 549300ZD9CS886VZLI44

**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:** $20247263.83

**Total Liabilities:** $213733.16

**Net Assets:** $20033530.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000076451 | 6.97%                | 5.91%                | 6.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-814.58                 | $1033655.80                                |
| Month 2  | $-21763.29               | $1025668.71                                |
| Month 3  | $-514234.21              | $1724985.56                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ERO Copper Corp                                                                 | ERO Copper Corp                                                                 | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     33601 | NS      | $566176.85    | 2.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Cogna Educacao SA                                                               | Cogna Educacao SA                                                               | CUSIP: 000000000<br>LEI: 549300BTP1E45NJ6R194 | Long             | EC               | CORP              | BR        |    756400 | NS      | $391210.17    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MRV Engenharia e Participacoes SA                                               | MRV Engenharia e Participacoes SA                                               | CUSIP: 000000000<br>LEI: 2549008V044NSKWJZ777 | Long             | EC               | CORP              | BR        |    135550 | NS      | $158924.65    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Hospital Mater Dei SA                                                           | Hospital Mater Dei SA                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     31700 | NS      | $27481.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Ferro Ligas da Bahia FERBASA                                             | Cia de Ferro Ligas da Bahia FERBASA                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |     67100 | NS      | $83981.52     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sao Martinho S/A                                                                | Sao Martinho S/A                                                                | CUSIP: 000000000<br>LEI: 549300R3Z74BNJBF4161 | Long             | EC               | CORP              | BR        |     70300 | NS      | $227341.85    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Intelbras SA Industria de Telecomunicacao Eletronica Brasileira                 | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira                 | CUSIP: 000000000<br>LEI: 254900KMTRJJ34YRJE34 | Long             | EC               | CORP              | BR        |     45050 | NS      | $132253.69    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Iochpe Maxion SA                                                                | Iochpe Maxion SA                                                                | CUSIP: 000000000<br>LEI: 2549005ZCUW2L5GKJI76 | Long             | EC               | CORP              | BR        |     60402 | NS      | $148417.42    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcopolo SA                                                                    | Marcopolo SA                                                                    | CUSIP: 000000000<br>LEI: 254900XL58LF2D2QUX37 | Long             | EP               | CORP              | BR        |    335590 | NS      | $491670.76    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kepler Weber SA                                                                 | Kepler Weber SA                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     61850 | NS      | $92665.15     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Light S/A                                                                       | Light S/A                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     64100 | NS      | $76215.42     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Randon SA Implementos e Participacoes                                           | Randon SA Implementos e Participacoes                                           | CUSIP: 000000000<br>LEI: 254900LW6AGK8N452319 | Long             | EP               | CORP              | BR        |     82600 | NS      | $135459.68    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Empreendimentos Pague Menos S/A                                                 | Empreendimentos Pague Menos S/A                                                 | CUSIP: 000000000<br>LEI: 549300FBHB2O0Y7P2P98 | Long             | EC               | CORP              | BR        |     42872 | NS      | $27223.57     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc                                                           | Excelerate Energy Inc                                                           | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7078 | NS      | $207526.96    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blau Farmaceutica SA                                                            | Blau Farmaceutica SA                                                            | CUSIP: 000000000<br>LEI: 254900YP8DZ5SO4GQR53 | Long             | EC               | CORP              | BR        |     15850 | NS      | $40229.61     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Direcional Engenharia SA                                                        | Direcional Engenharia SA                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     52050 | NS      | $391062.38    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Fleury SA                                                                       | Fleury SA                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    134437 | NS      | $322167.78    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ez Tec Empreendimentos e Participacoes S/A                                      | Ez Tec Empreendimentos e Participacoes S/A                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     71702 | NS      | $183705.77    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivara Participacoes SA                                                         | Vivara Participacoes SA                                                         | CUSIP: 000000000<br>LEI: 254900KO2WRLAVSJDR42 | Long             | EC               | CORP              | BR        |     55750 | NS      | $277359.61    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tres Tentos Agroindustrial S/A                                                  | Tres Tentos Agroindustrial S/A                                                  | CUSIP: 000000000<br>LEI: 549300QQ67YECUJQIV31 | Long             | EC               | CORP              | BR        |     61200 | NS      | $170203.38    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Grendene SA                                                                     | Grendene SA                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     62100 | NS      | $62864.66     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Serena Energia SA                                                               | Serena Energia SA                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    122402 | NS      | $263138.05    | 1.31%             |  |  |  | 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        |    121064 | NS      | $121064.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahle Metal Leve SA                                                             | Mahle Metal Leve SA                                                             | CUSIP: 000000000<br>LEI: 5299007RXRC7NGOR6145 | Long             | EC               | CORP              | BR        |     23300 | NS      | $129556.42    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Zamp SA                                                                         | Zamp SA                                                                         | CUSIP: 000000000<br>LEI: 213800C6KT7YTDPUAB54 | Long             | EC               | CORP              | BR        |     34015 | NS      | $21348.98     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Log-in Logistica Intermodal SA                                                  | Log-in Logistica Intermodal SA                                                  | CUSIP: 000000000<br>LEI: 2549004CP4AOE7JIKP55 | Long             | EC               | CORP              | BR        |      6300 | NS      | $30693.53     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Adecoagro SA                                                                    | Adecoagro SA                                                                    | CUSIP: 000000000<br>LEI: 529900Q00UR5LFELO811 | Long             | EC               | CORP              | LU        |     13762 | NS      | $125784.68    | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| IRB-Brasil Resseguros SA                                                        | IRB-Brasil Resseguros SA                                                        | CUSIP: 000000000<br>LEI: 21380017DVWSU9AEU878 | Long             | EC               | CORP              | BR        |     26973 | NS      | $224597.10    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ituran Location and Control Ltd                                                 | Ituran Location and Control Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      5867 | NS      | $227228.91    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Jalles Machado SA                                                               | Jalles Machado SA                                                               | CUSIP: 000000000<br>LEI: 549300S93ZYNLI3P7Q97 | Long             | EC               | CORP              | BR        |     80617 | NS      | $57126.77     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Alupar Investimento SA                                                          | Alupar Investimento SA                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    109193 | NS      | $622027.38    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Santos Brasil Participacoes SA                                                  | Santos Brasil Participacoes SA                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    208100 | NS      | $529720.23    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Plano & Plano Desenvolvimento Imobiliario SA                                    | Plano & Plano Desenvolvimento Imobiliario SA                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     30050 | NS      | $86835.32     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SONDA SA                                                                        | SONDA SA                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |    183658 | NS      | $70129.61     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| M Dias Branco SA                                                                | M Dias Branco SA                                                                | CUSIP: 000000000<br>LEI: 894500SZMRHGUL2PHQ60 | Long             | EC               | CORP              | BR        |     61700 | NS      | $272551.58    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo SBF SA                                                                    | Grupo SBF SA                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     43150 | NS      | $96893.12     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Iguatemi SA                                                                     | Iguatemi SA                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     93050 | NS      | $397163.59    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cury Construtora e Incorporadora SA                                             | Cury Construtora e Incorporadora SA                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     68900 | NS      | $374358.65    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Oncoclinicas do Brasil Servicos Medicos SA                                      | Oncoclinicas do Brasil Servicos Medicos SA                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     80050 | NS      | $75584.20     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JHSF Participacoes SA                                                           | JHSF Participacoes SA                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    160750 | NS      | $157699.56    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Bradespar SA                                                                    | Bradespar SA                                                                    | CUSIP: 000000000<br>LEI: 9598001UD1DHEH3PZ471 | Long             | EP               | CORP              | BR        |     91550 | NS      | $264551.55    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Camil Alimentos SA                                                              | Camil Alimentos SA                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     51650 | NS      | $48673.50     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| C&A MODAS SA                                                                    | C&A MODAS SA                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     72750 | NS      | $263250.26    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| YDUQS Participacoes SA                                                          | YDUQS Participacoes SA                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     97050 | NS      | $294556.42    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroreconcavo S/A                                                              | Petroreconcavo S/A                                                              | CUSIP: 000000000<br>LEI: 2549002HI638C802VA74 | Long             | EC               | CORP              | BR        |     67800 | NS      | $178824.98    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SLC Agricola SA                                                                 | SLC Agricola SA                                                                 | CUSIP: 000000000<br>LEI: 54930017BQDYJPIJXG79 | Long             | EC               | CORP              | BR        |     87150 | NS      | $286644.92    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Orizon Valorizacao de Residuos SA                                               | Orizon Valorizacao de Residuos SA                                               | CUSIP: 000000000<br>LEI: 894500ACAMVLSLV62B28 | Long             | EC               | CORP              | BR        |     30200 | NS      | $299437.52    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcos Dorados Holdings Inc                                                      | Arcos Dorados Holdings Inc                                                      | CUSIP: 000000000<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | VG        |     41105 | NS      | $324318.45    | 1.62%             |  |  |  | No            |                  1 | On Loan: —       |
| SIMPAR SA                                                                       | SIMPAR SA                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    150200 | NS      | $140438.42    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Afya Ltd                                                                        | Afya Ltd                                                                        | CUSIP: 000000000<br>LEI: 54930008Y7J8Z1BSDT57 | Long             | EC               | CORP              | KY        |      7328 | NS      | $130878.08    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcabras SA                                                                    | Vulcabras SA                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     27050 | NS      | $105001.66    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Armac Locacao Logistica E Servicos SA                                           | Armac Locacao Logistica E Servicos SA                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     44300 | NS      | $27722.66     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva SA/Brazil                                                               | Minerva SA/Brazil                                                               | CUSIP: 000000000<br>LEI: 391200UHL6YHY0OA1P30 | Long             | EC               | CORP              | BR        |    232600 | NS      | $209777.11    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vamos Locacao de Caminhoes Maquinas e Equipamentos SA                           | Vamos Locacao de Caminhoes Maquinas e Equipamentos SA                           | CUSIP: 000000000<br>LEI: 9845004ADLE5510G4A37 | Long             | EC               | CORP              | BR        |    170000 | NS      | $130790.89    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipar Carbocloro SA                                                            | Unipar Carbocloro SA                                                            | CUSIP: 000000000<br>LEI: 25490038QVMHO6NX9E92 | Long             | EP               | CORP              | BR        |     25050 | NS      | $268061.88    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dimed SA Distribuidora da Medicamentos                                          | Dimed SA Distribuidora da Medicamentos                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     47300 | NS      | $82706.01     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia De Sanena Do Parana                                                         | Cia De Sanena Do Parana                                                         | CUSIP: 000000000<br>LEI: 254900SZW9X2D21A7X94 | Long             | EC               | CORP              | BR        |     58050 | NS      | $406972.91    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes                         | Cyrela Brazil Realty SA Empreendimentos e Participacoes                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    139650 | NS      | $671891.00    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Auren Energia SA                                                                | Auren Energia SA                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    160100 | NS      | $299684.71    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Pan SA                                                                    | Banco Pan SA                                                                    | CUSIP: 000000000<br>LEI: 549300C24AZJIIZMBJ10 | Long             | EP               | CORP              | BR        |    150300 | NS      | $223799.86    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Raizen SA                                                                       | Raizen SA                                                                       | CUSIP: 000000000<br>LEI: 5493000WQL3QP7QXX484 | Long             | EP               | CORP              | BR        |    454200 | NS      | $137937.83    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexco SA                                                                        | Dexco SA                                                                        | CUSIP: 000000000<br>LEI: 8945004WLNADCQEEFF38 | Long             | EC               | CORP              | BR        |    173400 | NS      | $180960.78    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| LOG Commercial Properties e Participacoes SA                                    | LOG Commercial Properties e Participacoes SA                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     13400 | NS      | $51670.32     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Usinas Siderurgicas de Minas Gerais S/A Usiminas                                | Usinas Siderurgicas de Minas Gerais S/A Usiminas                                | CUSIP: 000000000<br>LEI: 2549001OK55PFGXM4827 | Long             | EP               | CORP              | BR        |    228850 | NS      | $173540.34    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Karoon Energy Ltd                                                               | Karoon Energy Ltd                                                               | CUSIP: 000000000<br>LEI: 529900VXILHR2CNBWD62 | Long             | EC               | CORP              | AU        |    251788 | NS      | $317741.64    | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Movida Participacoes SA                                                         | Movida Participacoes SA                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     64950 | NS      | $83801.05     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Irani Papel e Embalagem SA                                                      | Irani Papel e Embalagem SA                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     58900 | NS      | $78813.75     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Magazine Luiza SA                                                               | Magazine Luiza SA                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    152600 | NS      | $276657.89    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tupy SA                                                                         | Tupy SA                                                                         | CUSIP: 000000000<br>LEI: 254900YH8MOZMIBO3R79 | Long             | EC               | CORP              | BR        |     26200 | NS      | $87862.18     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Azzas 2154 SA                                                                   | Azzas 2154 SA                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     74125 | NS      | $586658.63    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Marfrig Global Foods SA                                                         | Marfrig Global Foods SA                                                         | CUSIP: 000000000<br>LEI: 391200219USWMOBN3F92 | Long             | EC               | CORP              | BR        |    118063 | NS      | $497624.32    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Hidrovias do Brasil SA                                                          | Hidrovias do Brasil SA                                                          | CUSIP: 000000000<br>LEI: 254900VN0UH5HO2RVM63 | Long             | EC               | CORP              | BR        |    193915 | NS      | $128489.08    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LWSA SA                                                                         | LWSA SA                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    138350 | NS      | $100583.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Brasileira de Aluminio                                                      | Cia Brasileira de Aluminio                                                      | CUSIP: 000000000<br>LEI: 5493001QYTIDILBVYO18 | Long             | EC               | CORP              | BR        |     99200 | NS      | $87823.16     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Estado do Rio Grande do Sul SA                                         | Banco do Estado do Rio Grande do Sul SA                                         | CUSIP: 000000000<br>LEI: 254900W2BN097WLYIM20 | Long             | EP               | CORP              | BR        |     99600 | NS      | $212102.11    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci Partners Investments Ltd                                                  | Vinci Partners Investments Ltd                                                  | CUSIP: 000000000<br>LEI: 254900WV6Y7P21PJ5B49 | Long             | EC               | CORP              | KY        |     12917 | NS      | $124907.39    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Construtora Tenda S/A                                                           | Construtora Tenda S/A                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     41600 | NS      | $186825.20    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Guararapes Confeccoes SA                                                        | Guararapes Confeccoes SA                                                        | CUSIP: 000000000<br>LEI: 2549009NMB6VIHMFI409 | Long             | EC               | CORP              | BR        |     41750 | NS      | $65701.44     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilson Sons SA                                                                  | Wilson Sons SA                                                                  | CUSIP: 000000000<br>LEI: 25490033I0F25FUYFJ42 | Long             | EC               | CORP              | BR        |     54050 | NS      | $173597.49    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA | Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     21300 | NS      | $100401.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento de Minas Gerais Copasa MG                                     | Cia de Saneamento de Minas Gerais Copasa MG                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     93438 | NS      | $481025.72    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Modec Inc                                                                       | Modec Inc                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19800 | NS      | $848686.00    | 4.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco ABC Brasil SA                                                             | Banco ABC Brasil SA                                                             | CUSIP: 000000000<br>LEI: 549300K1V1WOTCGNSI96 | Long             | EP               | CORP              | BR        |     44848 | NS      | $184820.22    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Mills Locacao Servicos e Logistica SA                                           | Mills Locacao Servicos e Logistica SA                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     41450 | NS      | $84302.24     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Odontoprev SA                                                                   | Odontoprev SA                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    112640 | NS      | $242981.13    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cruzeiro do Sul Educacional SA                                                  | Cruzeiro do Sul Educacional SA                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     30450 | NS      | $28919.40     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pet Center Comercio e Participacoes SA                                          | Pet Center Comercio e Participacoes SA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    134250 | NS      | $96614.73     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BrasilAgro - Co Brasileira de Propriedades Agricolas                            | BrasilAgro - Co Brasileira de Propriedades Agricolas                            | CUSIP: 000000000<br>LEI: HNU7Z5273PRV5T5S5F07 | Long             | EC               | CORP              | BR        |     25200 | NS      | $91837.07     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpargatas SA                                                                   | Alpargatas SA                                                                   | CUSIP: 000000000<br>LEI: 254900LU3422XPKEQJ79 | Long             | EP               | CORP              | BR        |     55700 | NS      | $94830.76     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| VTEX                                                                            | VTEX                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25957 | NS      | $171316.20    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| EcoRodovias Infraestrutura e Logistica SA                                       | EcoRodovias Infraestrutura e Logistica SA                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    164340 | NS      | $226556.96    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ESG MINERALS                                                                    | ESG MINERALS                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     26308 | NS      | $692.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Brava Energia                                                                   | Brava Energia                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    184809 | NS      | $591867.74    | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter & Co Inc                                                                  | Inter & Co Inc                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     80889 | NS      | $601005.27    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** VanEck ETF Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer