# EDGAR Filing Document

**Accession Number:** 0000768847
**File Stem:** 0001410368-25-028346
**Filing Date:** 2025-11
**Character Count:** 27104
**Document Hash:** d8b554b01325e3d0b990cdc34acf440b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028346.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028346

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck Funds
- **CENTRAL INDEX KEY:** 0000768847

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04297
- **FILM NUMBER:** 251507699

**BUSINESS ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-293-2000

**MAIL ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN ECK FUNDS
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### International Investors Gold Fund (Series ID: S000009199)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000024994 | Class A      | INIVX           |
| C000024995 | Class C      | IIGCX           |
| C000033046 | Class I      | INIIX           |
| C000088111 | Class Y      | INIYX           |

## Nport-Ex

VANECK

INTERNATIONAL

INVESTORS

GOLD

FUND

SCHEDULE

OF

INVESTMENTS

September

30,

2025

(unaudited)

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 95.8%

#### Australia

#### :

#### 8.1%
Emerald

Resources

NL \*

†

4,696,751

$

15,511,583

Evolution

Mining

Ltd. †

1,874,000

13,358,865

Northern

Star

Resources

Ltd.

2,567,308

40,089,303

Perseus

Mining

Ltd.

1,498,800

4,822,029

Predictive

Discovery

Ltd. \*

82,421,400

23,739,676

Westgold

Resources

Ltd.

(CAD)

3,960,687

11,554,494

109,075,950

#### Brazil

#### :

#### 4.0%
Wheaton

Precious

Metals

Corp.

(USD)

484,993

54,241,617

Underline

#### Canada

#### :

#### 62.7%
Agnico

Eagle

Mines

Ltd.

(USD)

742,448

125,147,035

Alamos

Gold,

Inc.

(USD)

2,169,223

75,619,114

Allied

Gold

Corp. \*

402,256

7,029,436

Artemis

Gold,

Inc. \*

1,099,800

28,836,460

Barrick

Mining

Corp.

(USD)

1,429,000

46,828,330

Bear

Creek

Mining

Corp. \*

ø

948,000

442,768

Franco-Nevada

Corp.

(USD)

265,600

59,204,896

G

Mining

Ventures

Corp. \*

2,959,525

58,799,214

Galway

Metals,

Inc. \*

5,301,789

2,323,842

Kinross

Gold

Corp.

(USD) †

3,595,218

89,341,167

Liberty

Gold

Corp. \*

‡

42,261,334

19,131,020

Lundin

Gold,

Inc.

917,900

59,471,900

OceanaGold

Corp.

1,586,000

33,857,915

Omai

Gold

Mines

Corp. \*

†

21,106,448

20,474,028

OR

Royalties,

Inc.

(USD) †

1,400,000

56,112,000

Osisko

Development

Corp.

(USD) ∞

ø

1,923,000

6,018,086

Osisko

Development

Corp.

(USD) \*

†

361,408

1,225,173

Pan

American

Silver

Corp.

(USD)

1,172,994

45,430,058

Skeena

Resources

Ltd. \*

†

1,264,550

23,288,364

Snowline

Gold

Corp. \*

†

2,462,000

19,636,560

Tectonic

Metals,

Inc. \*

3,538,000

2,872,703

Torex

Gold

Resources,

Inc. \*

675,800

28,086,708

Troilus

Gold

Corp. \*

‡

19,836,400

18,101,766

Vizsla

Silver

Corp.

(USD) \*

†

1,611,000

6,959,520

West

Point

Gold

Corp. \*

‡

7,015,500

2,369,250

West

Red

Lake

Gold

Mines

Ltd. \*

†

9,897,600

7,182,996

843,790,309

#### Ghana

#### :

#### 0.6%
Galiano

Gold,

Inc.

(CAD) \*

3,622,230

7,886,295

Underline

#### Ivory

#### Coast

#### :

#### 2.8%
Montage

Gold

Corp.

(CAD) \*

7,705,300

37,482,849

Underline

#### South

#### Africa

#### :

#### 4.3%
Gold

Fields

Ltd.

(ADR) †

1,393,000

58,450,280

Underline

#### United

#### States

#### :

#### 13.3%
Anglogold

Ashanti

PLC †

1,056,000

74,268,480

Newmont

Corp.

1,123,283

94,703,990

#### Number

#### of

#### Shares

#### Value

#### United

#### States
(continued)

Royal

Gold,

Inc.

52,500

$

10,530,450

179,502,920

#### Total

#### Common

#### Stocks
(Cost:

$409,061,127)

1,290,430,220

#### WARRANTS:

#### 0.2%

#### Canada

#### :

#### 0.2%
Liberty

Gold

Corp.,

CAD

0.45,

exp.

05/17/26\*∞

ø

6,624,810

988,995

Osisko

Development

Corp.,

USD

2.05,

exp.

12/15/27\*∞

ø

961,500

1,408,625

West

Point

Gold

Corp.,

CAD

0.55,

exp.

06/10/27\*∞

ø

3,507,750

424,975

#### Total

#### Warrants
(Cost:

$807,112)

2,822,595

#### EXCHANGE

#### TRADED

#### FUND

#### :

#### 3.5%
(a) #### United

#### States

#### :

#### 3.5%
SPDR

Gold

MiniShares

Trust \*

608,000

46,481,600

#### MONEY

#### MARKET

#### FUND

#### :

#### 0.7%
Invesco

Treasury

Portfolio

-

Institutional

Class

3.99%(b)

9,568,787

9,568,787

Underline

#### Total

#### Investments

#### Before

#### Collateral

#### for

#### Securities

#### Loaned:

#### 100.2%
(Cost:

$445,464,290)

1,349,303,202

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 0.5%

#### Money

#### Market

#### Fund:

#### 0.5%
(Cost:

$6,542,199)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.18%(c)

6,542,199

6,542,199

#### Total

#### Investments:

#### 100.7%
(Cost:

$452,006,489)

1,355,845,401

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (0.7)%
(9,303,851)

#### NET

#### ASSETS:

#### 100.0%
$

1,346,541,550

VANECK

INTERNATIONAL

INVESTORS

GOLD

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Definitions:
ADR

American

Depositary

Receipt

CAD

Canadian

Dollar

USD

United

States

Dollar

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$114,197,613.

\*

Non-income

producing

ø

Restricted

Security

–

the

aggregate

value

of

restricted

securities

is

$9,283,449,

or

0.7%

of

net

assets

‡

Affiliated

issuer

–

as

defined

under

the

Investment

Company

Act

of

1940. ∞

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

in

the

fair

value

hierarchy.

(a) The

underlying

fund's

shareholder

reports

and

registration

documents

are

available

free

of

charge

on

the

SEC's

website

at

https://www.

sec.gov

or

on

the

fund's

webpage.

(b) Rate

shown

is

the

7-day

yield

as

of

09/30/25.

(c) Rate

shown

is

the

1-day

yield

as

of

09/30/25.

Restricted

securities

held

by

the

Fund

as

of

September

30,

2025

are

as

follows:

#### Security

#### Acquisition

#### Date

#### Number

#### of

#### Shares

#### Acquisition

#### Cost

#### Value

#### %

#### of

#### Net

#### Assets
Bear

Creek

Mining

Corp.

08/15/2005

948,000

$

2,824,202

$

442,768

0.0%

Liberty

Gold

Corp.

\*

05/17/2024

6,624,810

988,995

0.1%

Osisko

Development

Corp.

07/31/2025

1,923,000

3,605,924

6,018,086

0.5%

Osisko

Development

Corp.

\*

07/31/2025

961,500

336,226

1,408,625

0.1%

West

Point

Gold

Corp.

\*

06/11/2025

3,507,750

470,886

424,975

0.0%

$7,237,238

$9,283,449

0.7%

\*

Warrants

Transactions

in

and

earnings

from

securities

of

affiliates

for

the

period

ended

September

30,

2025

were

as

follows:

#### Value

#### 12/31/2024

#### Purchases

#### Sales

#### Proceeds

#### Net

#### Realized

#### Gain
(Loss)

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### Value

#### 9/30/2025

#### Dividend

#### Income
Galway

Metals,

Inc.

$1,954,815

$–

$–

$–

$369,027

$–(a)

$–

Liberty

Gold

Corp.

6,148,768

5,624,767

(545,600)

(758,775)

8,661,860

19,131,020

–

Liberty

Gold

Corp.

1,957,439

–

(5,624,767)

–

3,667,328

–

–

Liberty

Gold

Corp.

\*

ø

166,301

–

–

–

822,694

–(a)

–

Thesis

Gold,

Inc.

4,537,662

–

(5,475,890)

(4,228,278)

5,166,506

–

–

Troilus

Gold

Corp.

–

6,200,689

–

–

11,901,077

18,101,766

–

West

Point

Gold

Corp.

–

1,829,530

–

–

539,720

2,369,250

–

Total

$14,764,985

$13,654,986

$(11,646,257)

$(4,987,053)

$31,128,212

$39,602,036

$–

(a) Security

held

by

the

Fund,

however

not

classified

as

an

affiliate

at

the

end

of

the

reporting

period.

ø

Restricted

Security.

\*

Warrants

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VanEck Funds

- **b. Investment Company Act file number:** 811-04297

- **c. CIK number of Registrant:** 0000768847

- **d. LEI of Registrant:** 549300GEIRRGSDOHI251

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 666 THIRD AVENUE, 9TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-293-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** International Investors Gold Fund

- **b. EDGAR series identifier (if any):** S000009199

- **c. LEI of Series:** 5493007INWI6SP7LEZ40

**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:** $1357013184.87

**Total Liabilities:** $8259181.81

**Net Assets:** $1348754003.06

**Amount of Assets Invested in Other Investment Companies:** $46512489.99

**Cash Not Reported:** $274798.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024995 | -2.22%               | 21.94%               | 18.44%               |
| Class ID C000088111 | -2.18%               | 22.03%               | 18.60%               |
| Class ID C000024994 | -2.14%               | 21.95%               | 18.56%               |
| Class ID C000033046 | -2.16%               | 22.08%               | 18.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17671909.95             | $-37360735.91                              |
| Month 2  | $3480628.52              | $200930936.24                              |
| Month 3  | $7465245.70              | $201764771.17                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Montage Gold Corp            | Montage Gold Corp                                                           | CUSIP: 61178L101<br>LEI: 9845004C6BCE77ACA795 | Long             | EC               | CORP              | CA        |   7705300 | NS      | $37482849.03  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc             | OR Royalties Inc                                                            | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |   1400000 | NS      | $56112000.00  | 4.16%             |  |  |  | No            |                  1 | On Loan: —       |
| OSISKO DEVELOPMENT CORP WAR  | OSISKO DEVELOPMENT CORP WAR                                                 | CUSIP: 68828E312<br>LEI: 984500A8CC57F67DJ124 | N/A              | DE               |  | CA        |    961500 | NS      | $1408625.38   | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Troilus Gold Corp            | Troilus Gold Corp                                                           | CUSIP: 896887106<br>LEI: 529900ROF3ICFG84XJ17 | Long             | EC               | CORP              | CA        |  19836400 | NS      | $18101766.19  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GOLD WARRANT 05 2024 | LIBERTY GOLD WARRANT 05 2024                                                | CUSIP: 000000000<br>LEI: 549300DY25855R7ZV117 | N/A              | DE               |  | CA        |   6624810 | NS      | $988994.60    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Snowline Gold Corp           | Snowline Gold Corp                                                          | CUSIP: 83342V104<br>LEI: 529900VVFSE66NAIST38 | Long             | EC               | CORP              | CA        |   2462000 | NS      | $19636559.60  | 1.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Royal Gold Inc               | Royal Gold Inc                                                              | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     52500 | NS      | $10530450.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Omai Gold Mines Corp         | Omai Gold Mines Corp                                                        | CUSIP: 682043104<br>LEI: 254900GOHPZOKN6K3C88 | Long             | EC               | CORP              | CA        |  21106448 | NS      | $20474028.02  | 1.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Anglogold Ashanti Plc        | Anglogold Ashanti Plc                                                       | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |   1056000 | NS      | $74268480.00  | 5.51%             |  |  |  | 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        |   6501612 | NS      | $6501612.10   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd         | Evolution Mining Ltd                                                        | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |   1874000 | NS      | $13358865.07  | 0.99%             |  |  |  | No            |                  2 | On Loan: —       |
| Northern Star Resources Ltd  | Northern Star Resources Ltd                                                 | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |   2567308 | NS      | $40089302.17  | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd       | Agnico Eagle Mines Ltd                                                      | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |    742448 | NS      | $125147034.88 | 9.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Galway Metals Inc            | Galway Metals Inc                                                           | CUSIP: 364585604<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   5301789 | NS      | $2323842.27   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| G Mining Ventures Corp       | G Mining Ventures Corp                                                      | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   2959525 | NS      | $58799214.09  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp            | Kinross Gold Corp                                                           | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |   3595218 | NS      | $89341167.30  | 6.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Gold Fields Ltd              | Gold Fields Ltd                                                             | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |   1393000 | NS      | $58450280.00  | 4.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Newmont Corp                 | Newmont Corp                                                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |   1123283 | NS      | $94703989.73  | 7.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp              | OceanaGold Corp                                                             | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |   1586000 | NS      | $33857914.78  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Resources NL         | Emerald Resources NL                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   4696751 | NS      | $15511583.17  | 1.15%             |  |  |  | No            |                  2 | On Loan: —       |
| Galiano Gold Inc             | Galiano Gold Inc                                                            | CUSIP: 36352H100<br>LEI: 529900V13XJFM0VPGC86 | Long             | EC               | CORP              | CA        |   3622230 | NS      | $7886295.11   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Gold Corp            | Liberty Gold Corp                                                           | CUSIP: 53056H104<br>LEI: 549300DY25855R7ZV117 | Long             | EC               | CORP              | CA        |  42261334 | NS      | $19131019.92  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc              | Alamos Gold Inc                                                             | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |   2169223 | NS      | $75619113.78  | 5.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd           | Perseus Mining Ltd                                                          | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   1498800 | NS      | $4822029.16   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAR CREEK MINING CORP       | BEAR CREEK MINING CORP                                                      | CUSIP: 000000000<br>LEI: 549300C9IY653M7KMK88 | Long             | EC               | CORP              | CA        |    948000 | NS      | $442767.84    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| West Red Lake Gold Mines Ltd | West Red Lake Gold Mines Ltd                                                | CUSIP: 95556L101<br>LEI: 5493008MDOMQQVYLDQ80 | Long             | EC               | CORP              | CA        |   9897600 | NS      | $7182996.34   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Westgold Resources Ltd       | Westgold Resources Ltd                                                      | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |   3960687 | NS      | $11554493.94  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc              | Lundin Gold Inc                                                             | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    917900 | NS      | $59471899.83  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| West Point Gold Corp         | West Point Gold Corp                                                        | CUSIP: 95538Q103<br>LEI: 2549005S8H6WG1F3AJ62 | Long             | EC               | CORP              | CA        |   7015500 | NS      | $2369249.84   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Predictive Discovery Ltd     | Predictive Discovery Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |  82421400 | NS      | $23739676.06  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Osisko Development Corp      | Osisko Development Corp                                                     | CUSIP: 68828E809<br>LEI: 984500A8CC57F67DJ124 | Long             | EC               | CORP              | CA        |    361408 | NS      | $1225173.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Tectonic Metals Inc          | Tectonic Metals Inc                                                         | CUSIP: 87877T608<br>LEI: 25490018MOFVHN0S8X34 | Long             | EC               | CORP              | CA        |   3538000 | NS      | $2872702.45   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp           | Franco-Nevada Corp                                                          | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    265600 | NS      | $59204896.00  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vizsla Silver Corp           | Vizsla Silver Corp                                                          | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |   1611000 | NS      | $6959520.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Barrick Mining Corp          | Barrick Mining Corp                                                         | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |   1429000 | NS      | $46828330.00  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp | Wheaton Precious Metals Corp                                                | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    484993 | NS      | $54241617.12  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Allied Gold Corp             | Allied Gold Corp                                                            | CUSIP: 01921D204<br>LEI: 894500S5G4JFSRGK8L37 | Long             | EC               | CORP              | CA        |    402256 | NS      | $7029435.88   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust   | SPDR Gold MiniShares Trust                                                  | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |    608000 | NS      | $46481600.00  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc     | Torex Gold Resources Inc                                                    | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    675800 | NS      | $28086708.34  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio   | Invesco Treasury Portfolio                                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |   9568787 | NS      | $9568787.24   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp     | Pan American Silver Corp                                                    | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |   1172994 | NS      | $45430057.62  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| OSISKO DEVELOPMENT CORP      | OSISKO DEVELOPMENT CORP                                                     | CUSIP: 000000000<br>LEI: 984500A8CC57F67DJ124 | Long             | EC               | CORP              | CA        |   1923000 | NS      | $6018086.19   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Skeena Resources Ltd         | Skeena Resources Ltd                                                        | CUSIP: 83056P715<br>LEI: 549300DCWSQFVVZ21289 | Long             | EC               | CORP              | CA        |   1264550 | NS      | $23288364.23  | 1.73%             |  |  |  | No            |                  1 | On Loan: —       |
| WEST POINT GOLD CORP         | WEST POINT GOLD CORP                                                        | CUSIP: 000000000<br>LEI: 2549005S8H6WG1F3AJ62 | N/A              | DE               |  | CA        |   3507750 | NS      | $424975.37    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Artemis Gold Inc             | Artemis Gold Inc                                                            | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |   1099800 | NS      | $28836460.44  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** VanEck Funds

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer