VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
July 31, 2022 (unaudited)
Par (000’s | ) | Value | ||||||
MUNICIPAL BONDS: 98.9% | ||||||||
Alabama: 0.3% | ||||||||
Tuscaloosa City Board of Education (RB) 4.00%, 08/01/26 (c) | $ | 210 | $ | 213,147 | ||||
UAB Medicine Finance Authority, Series B (RB) 5.00%, 09/01/26 (c) | 220 | 232,491 | ||||||
UAB Medicine Finance Authority, Series B2 (RB) 4.00%, 03/01/27 (c) | 280 | 281,229 | ||||||
726,867 | ||||||||
Arizona: 1.4% | ||||||||
City of Phoenix Civic Improvement Corp., Series A (RB) 5.00%, 07/01/29 (c) | 1,000 | 1,104,363 | ||||||
City of Phoenix Civic Improvement Corp., Series D (RB) 4.00%, 07/01/27 (c) | 215 | 216,701 | ||||||
City of Phoenix Civic Improvement Corp., Subordinated Excise Tax, Series A (RB) 4.00%, 07/01/30 (c) | 325 | 331,138 | ||||||
Glendale, Industrial Development Authority, Sun Health Services, Series A (RB) 5.00%, 11/15/26 (c) | 625 | 662,994 | ||||||
Pima County, Industrial Development Authority, Tucson Medical Center, Series A (RB) 4.00%, 04/01/31 (c) | 750 | 745,317 | ||||||
3,060,513 | ||||||||
Arkansas: 0.0% | ||||||||
City of Rogers, Sales and Use Tax, Series B (RB) 3.25%, 11/01/26 (c) | 50 | 49,736 | ||||||
California: 15.0% | ||||||||
Abag Finance Authority for Nonprofit Corp., Sharp Healthcare, Series A (RB) 5.00%, 08/01/23 (c) | 500 | 512,919 | ||||||
Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series E (RB) 5.00%, 05/01/28 (c) | 995 | 1,083,595 | ||||||
Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series F (RB) 5.00%, 05/01/29 (c) | 1,000 | 1,101,203 |
Par (000’s | ) | Value | ||||||
California (continued) | ||||||||
Beverly Hills Unified School District (GO) 0.00%, 08/01/26 (c) ^ | $ | 315 | $ | 156,797 | ||||
California County Tobacco Securitization Agency, Series A (RB) 4.00%, 06/01/30 (c) | 1,350 | 1,279,647 | ||||||
California Health Facilities Financing Authority, City of Hope (RB) 5.00%, 11/15/26 (c) | 750 | 774,185 | ||||||
California Health Facilities Financing Authority, Pin Health, Series A (RB) 4.00%, 06/01/30 (c) | 750 | 737,218 | ||||||
California Health Facilities Financing Authority, Providence St. Joseph Health, Series A (RB) 3.00%, 10/01/26 (c) | 680 | 578,095 | ||||||
California Health Facilities Financing Authority, Series A (RB) 4.00%, 11/15/27 (c) | 230 | 231,693 | ||||||
California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB) 4.00%, 07/01/27 (c) | 160 | 146,206 | ||||||
California Municipal Finance Authority, Orange County Civic Center Infrastructure Improvement Program - Phase I, Series A (RB) 4.00%, 06/01/27 (c) | 200 | 201,160 | ||||||
California State Educational Facilities Authority, Stanford University, Series V-1 (RB) (BAM) 5.00%, 05/01/49 | 250 | 319,421 | ||||||
California State, Department of Veterans Affairs, Home Purchase, Series A (RB) | ||||||||
2.30%, 06/01/29 (c) | 300 | 243,005 | ||||||
3.00%, 06/01/29 (c) | 425 | 425,008 | ||||||
California Statewide Communities Development Authority, Adventist Health System/West, Series A (RB) 5.00%, 03/01/28 (c) | 330 | 346,918 | ||||||
California Statewide Communities Development Authority, Marin General Hospital, Series A (RB) 4.00%, 08/01/23 (c) | 200 | 186,431 | ||||||
Chaffey Joint Union High School District, Series C (GO) 5.25%, 02/01/27 (c) | 500 | 546,696 |
1 |
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(unaudited) (continued)
Par (000’s | ) | Value | ||||||
California (continued) | ||||||||
City of Los Angeles Department of Airports (RB) 4.00%, 05/15/30 (c) | $ | 750 | $ | 756,658 | ||||
City of San Jose, California International Airport, Series B (RB) 5.00%, 03/01/27 (c) | 500 | 539,369 | ||||||
El Dorado Irrigation District (CP) (AGM) 4.00%, 03/01/30 (c) | 630 | 640,511 | ||||||
El Dorado Irrigation District, Series A (CP) (AGM) 4.00%, 03/01/30 (c) | 690 | 698,203 | ||||||
Glendale Community College District, Series A (GO) 4.00%, 08/01/27 (c) | 130 | 131,580 | ||||||
Glendale Community College District, Series B (GO) 3.00%, 08/01/29 (c) | 325 | 270,218 | ||||||
Grossmont Union High School District, Series B (GO) 3.00%, 08/01/26 (c) | 105 | 89,785 | ||||||
Hayward Area Recreation and Park District, Series A (GO) 4.00%, 08/01/27 (c) | 185 | 188,688 | ||||||
Irvine Unified School District Community Facilities District No. 09-1, Series A (ST) (BAM) 4.00%, 09/01/29 (c) | 140 | 142,074 | ||||||
Los Angeles County Metropolitan Transportation Authority, Series A (RB) (AGM) 5.00%, 07/01/28 (c) | 440 | 494,489 | ||||||
Los Angeles Department of Water and Power, Series A (RB) | ||||||||
5.00%, 01/01/27 (c) | 500 | 544,743 | ||||||
5.00%, 01/01/28 (c) | 250 | 277,338 | ||||||
5.00%, 01/01/29 (c) | 775 | 869,037 | ||||||
5.00%, 07/01/30 (c) | 800 | 920,207 | ||||||
Los Angeles Department of Water and Power, Series C (RB) 5.00%, 07/01/27 (c) | 275 | 302,583 | ||||||
Metropolitan Water District of Southern California, Series A (RB) 5.00%, 04/01/31 (c) | 1,200 | 1,413,807 | ||||||
Miracosta Community College District, Series A (GO) 4.00%, 08/01/27 (c) | 530 | 543,756 | ||||||
Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series A (RB) 5.00%, 11/01/30 (c) | 325 | 369,037 |
Par (000’s | ) | Value | ||||||
California (continued) | ||||||||
Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series D (RB) 3.00%, 11/01/30 (c) | $ | 500 | $ | 411,175 | ||||
Riverside County, Perris Union High School District, Series A (GO) (AGM) 4.00%, 09/01/29 (c) | 570 | 581,775 | ||||||
Sacramento City Unified School District, Series G (GO) (AGM) 4.00%, 08/01/30 (c) | 500 | 507,378 | ||||||
Sacramento County, Sanitation Districts, Finance Authority, Series A (RB) 5.00%, 12/01/30 (c) | 450 | 518,605 | ||||||
Sacramento Municipal Utility District, Series H (RB) 4.00%, 08/15/30 (c) | 250 | 257,901 | ||||||
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/29 (c) | 750 | 832,700 | ||||||
San Diego Unified School District, Series I (GO) | ||||||||
3.12%, 07/01/27 (c) | 240 | 219,338 | ||||||
4.00%, 07/01/27 (c) | 595 | 601,076 | ||||||
San Francisco Bay Area Rapid Transit District, Series B-1 (GO) 3.00%, 08/01/29 (c) | 600 | 522,323 | ||||||
San Francisco Bay Area Rapid Transit District, Series C-1 (GO) 4.00%, 08/01/29 (c) | 610 | 627,947 | ||||||
San Francisco City & County, International Airport, Series B (RB) 5.00%, 05/01/27 (c) | 700 | 752,694 | ||||||
San Francisco Municipal Transportation Agency (RB) 4.00%, 03/01/27 (c) | 150 | 151,766 | ||||||
San Jose Evergreen Community College District, Series B (GO) 3.00%, 09/01/28 (c) | 825 | 748,331 | ||||||
Santa Clara County, Foothill- De Anza Community College District, Series A (GO) 3.00%, 08/01/31 (c) | 800 | 760,954 | ||||||
Santa Clara Unified School District (GO) 4.00%, 07/01/26 (c) | 310 | 314,411 | ||||||
Santa Clara Unified School District, Series A (GO) 4.00%, 08/01/28 (c) | 1,000 | 1,012,289 | ||||||
Santa Monica Community College District, Series A (GO) 5.00%, 08/01/28 (c) | 250 | 277,719 |
2 |
Par (000’s | ) | Value | ||||||
California (continued) | ||||||||
Saugus Union School District School Facilities Improvement District No.1, Series C (GO) 2.38%, 08/01/30 (c) | $ | 1,000 | $ | 762,528 | ||||
State of California (GO) 3.62%, 04/01/26 (c) | 645 | 639,622 | ||||||
State of California, Various Purpose (GO) | ||||||||
3.00%, 10/01/29 (c) | 500 | 435,404 | ||||||
3.00%, 12/01/30 (c) | 400 | 362,963 | ||||||
4.00%, 10/01/29 (c) | 110 | 116,210 | ||||||
5.00%, 10/01/28 (c) | 935 | 1,041,368 | ||||||
5.00%, 11/01/27 (c) | 515 | 572,201 | ||||||
Trustees of the California State University, Series A (RB) 5.00%, 05/01/27 (c) | 335 | 367,319 | ||||||
University of California, Series BE (RB) 4.00%, 05/15/30 (c) | 1,000 | 1,041,730 | ||||||
University of California, Series O (RB) 5.00%, 05/15/28 (c) | 1,000 | 1,103,338 | ||||||
West Valley-Mission Community College District, Series A (GO) 4.00%, 08/01/29 (c) | 250 | 257,721 | ||||||
33,861,066 | ||||||||
Colorado: 2.7% | ||||||||
Board of Governors of Colorado State University System (RB) 4.00%, 03/01/28 (c) | 550 | 555,312 | ||||||
City and County of Denver, Board of Water Commissioners, Series A (RB) 2.00%, 12/15/31 (c) | 850 | 609,636 | ||||||
City and County of Denver, Board of Water Commissioners, Series B (RB) 4.00%, 09/15/27 (c) | 230 | 234,363 | ||||||
City and County of Denver, Series A (CP) 4.00%, 06/01/26 (c) | 285 | 287,224 | ||||||
City of Loveland, Electric and Communications Enterprise, Series A (RB) 5.00%, 12/01/28 (c) | 750 | 828,652 | ||||||
Colorado Educational and Cultural Facilities Authority, University of Denver Project, Series A (RB) 5.00%, 03/01/27 (c) | 155 | 168,094 | ||||||
Colorado Health Facilities Authority, Adventist Health System Series A (RB) 4.00%, 05/15/28 (c) | 320 | 319,665 |
Par (000’s | ) | Value | ||||||
Colorado (continued) | ||||||||
Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB) 3.25%, 08/01/29 (c) | $ | 500 | $ | 391,837 | ||||
Colorado Health Facilities Authority, Sanford, Series A (RB) 5.00%, 11/01/29 (c) | 500 | 543,660 | ||||||
Colorado High Performance Transportation Enterprise, C-470 Express Lanes (RB) | ||||||||
5.00%, 12/31/24 (c) | 250 | 254,422 | ||||||
5.00%, 12/31/24 (c) | 250 | 254,192 | ||||||
Denver Health and Hospital Authority, Series A (RB) 4.00%, 12/01/29 (c) | 160 | 154,317 | ||||||
Regional Transportation District, Fastracks Project, Series B (RB) 2.00%, 05/01/31 (c) | 850 | 622,858 | ||||||
Weld County School District No. 6 (GO) (SAW) 4.00%, 06/01/31 (c) | 800 | 817,950 | ||||||
6,042,182 | ||||||||
Connecticut: 0.3% | ||||||||
Connecticut Housing Finance Authority, Series C-1 (RB) 3.50%, 11/15/24 (c) | 5 | 5,044 | ||||||
Connecticut State Health and Educational Facilities Authority, Sacred Heart University Issue, Series K (RB) 4.00%, 07/01/30 (c) | 300 | 301,572 | ||||||
University of Connecticut, Series A (RB) 5.00%, 02/15/30 (c) | 250 | 281,270 | ||||||
587,886 | ||||||||
Delaware: 0.2% | ||||||||
County of New Castle (GO) 4.00%, 04/01/27 (c) | 150 | 152,783 | ||||||
Delaware State Health Facilities Authority, Bayhealth Medical Center Project, Series A (RB) 4.00%, 07/01/27 (c) | 115 | 116,234 | ||||||
Delaware State Health Facilities Authority, Christiana Care Health System, Series A (RB) 4.00%, 10/01/29 (c) | 280 | 280,178 | ||||||
549,195 | ||||||||
District of Columbia: 1.7% | ||||||||
District of Columbia, Series A (GO) | ||||||||
4.00%, 04/15/29 (c) | 100 | 104,138 | ||||||
4.00%, 04/15/29 (c) | 500 | 515,448 | ||||||
District of Columbia, Series A (RB) | ||||||||
2.62%, 03/01/30 (c) | 575 | 457,941 | ||||||
3.00%, 03/01/30 (c) | 275 | 241,971 |
3 |
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(unaudited) (continued)
Par (000’s | ) | Value | ||||||
District of Columbia (continued) | ||||||||
District of Columbia, Water and Sewer Authority, Public Utility, Senior Lien, Series B (RB) 5.00%, 04/01/28 (c) | $ | 750 | $ | 830,118 | ||||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue (RB) (AGM) 4.00%, 10/01/31 (c) | 1,000 | 1,001,653 | ||||||
Washington Metropolitan Area Transit Authority, Series A (RB) 3.00%, 07/15/31 (c) | 750 | 659,033 | ||||||
3,810,302 | ||||||||
Florida: 5.1% | ||||||||
Central Florida Expressway Authority (RB) (BAM) 4.00%, 07/01/27 (c) | 345 | 349,455 | ||||||
City of Jacksonville, Health Care Facililities, Brooks Rehabilitation (RB) 5.00%, 11/01/29 (c) | 500 | 523,688 | ||||||
City of Jacksonville, Series A (RB) 5.25%, 10/01/27 (c) | 250 | 279,073 | ||||||
City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1 (SA) 3.25%, 07/01/26 (c) | 200 | 185,736 | ||||||
City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1 (SA) (BAM) 3.00%, 07/01/26 (c) | 180 | 164,053 | ||||||
City of South Miami Health Facilities Authority, Inc. (RB) | ||||||||
5.00%, 08/15/27 (c) | 275 | 290,718 | ||||||
5.00%, 08/15/27 (c) | 255 | 271,181 | ||||||
City of Tampa, Central and Lower Basin Stormwater Improvements (SA) 5.25%, 05/01/28 (c) | 275 | 311,804 | ||||||
County of Broward FL Tourist Development Tax Revenue (RB) 4.00%, 09/01/31 (c) | 1,000 | 1,004,242 | ||||||
County of Broward, Florida Port Facilities, Series A (RB) 5.00%, 09/01/29 (c) | 500 | 542,450 | ||||||
County of Broward, Florida Tourist Development, Convention Center Expansion Project (RB) 4.00%, 09/01/31 (c) | 510 | 509,439 | ||||||
County of Broward, Half-Cent Sales Tax (RB) 4.00%, 10/01/30 (c) | 275 | 282,726 |
Par (000’s | ) | Value | ||||||
Florida (continued) | ||||||||
County of Miami-Dade, Water and Sewer System, Series A (RB) 4.00%, 10/01/27 (c) | $ | 210 | $ | 210,827 | ||||
County of Miami-Dade, Water and Sewer System, Series B (RB) | ||||||||
3.00%, 10/01/29 (c) | 310 | 261,414 | ||||||
3.12%, 10/01/27 (c) | 140 | 132,613 | ||||||
County of Palm Beach, Health Facilities Authority, Lifespace Communities, Inc., Series B (RB) 4.00%, 11/15/26 (c) | 330 | 260,185 | ||||||
Florida Department of Management Services, Series A (CP) 2.00%, 11/01/31 (c) | 500 | 378,858 | ||||||
Florida Development Finance Corp. Healthcare Facilities, Jacksonville Project, Series A (RB) (AGM) 4.00%, 02/01/32 (c) | 1,000 | 1,014,689 | ||||||
Florida Housing Finance Corp., Series 1 (RB) 3.20%, 07/01/28 (c) | 45 | 44,696 | ||||||
Greater Orlando Aviation Authority, Airport Facilities, Series B (RB) 5.00%, 10/01/26 (c) | 125 | 135,322 | ||||||
Hillsborough County, Florida Capital Improvement Non-Ad Valorem (RB) 2.25%, 02/01/31 (c) | 500 | 342,105 | ||||||
Miami-Dade County Health Facilities Authority Hospital, Nicklaus Children’s Hospital Project, Series A (RB) 4.00%, 08/01/31 (c) | 500 | 484,542 | ||||||
Miami-Dade County, Florida Transit System, Sales Surtax, Series A (RB) 4.00%, 07/01/30 (c) | 500 | 505,981 | ||||||
Orlando Utilities Commission, Series A (RB) 2.38%, 04/01/31 (c) | 750 | 556,229 | ||||||
School District of Broward County (GO) | ||||||||
5.00%, 07/01/28 (c) | 300 | 335,315 | ||||||
5.00%, 07/01/31 (c) | 665 | 754,472 | ||||||
South Broward Hospital District, Series A (RB) 3.00%, 05/01/31 (c) | 750 | 623,277 | ||||||
State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO) 3.00%, 06/01/27 (c) | 500 | 460,998 |
4 |
Par (000’s | ) | Value | ||||||
Florida (continued) | ||||||||
State of Florida, Department of Transportation, Series B (RB) 2.00%, 07/01/30 (c) | $ | 500 | $ | 344,546 | ||||
11,560,634 | ||||||||
Georgia: 2.1% | ||||||||
Brookhaven Development Authority, Children’s Healthcare of Atlanta, Inc., Series A (RB) 4.00%, 07/01/29 (c) | 660 | 665,202 | ||||||
Burke County Development Authority, Series D (RB) 4.12%, 02/01/28 (c) | 260 | 252,524 | ||||||
County of Fulton, Georgia Water and Sewerage, Series A (RB) | ||||||||
2.25%, 01/01/30 (c) | 500 | 378,188 | ||||||
2.38%, 01/01/30 (c) | 900 | 688,643 | ||||||
Dahlonega Downtown Development Authority, North Georgia Mac, LLC Projecty (RB) 3.12%, 07/01/23 (c) | 90 | 78,395 | ||||||
Dalton-Whitfield County Joint Development Authority, Hamilton Health Care System (RB) (AGC) 4.00%, 02/15/28 (c) | 185 | 182,165 | ||||||
Georgia Housing and Finance Authority, Single Family Mortgage, Series A (RB) (AGM) 3.35%, 06/01/28 (c) | 165 | 161,252 | ||||||
Georgia Housing and Finance Authority, Single Family Mortgage, Series B (RB) 3.55%, 12/01/26 (c) | 150 | 144,091 | ||||||
Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB) | ||||||||
3.35%, 12/01/25 (c) | 230 | 220,664 | ||||||
3.35%, 12/01/25 (c) | 215 | 210,663 | ||||||
Georgia State Road & Tollway Authority, Managed Lane System, Series A (RB) 3.00%, 07/15/31 (c) | 500 | 428,256 | ||||||
Gwinnett County School District (GO) (SAW) 5.00%, 02/01/29 (c) | 335 | 381,893 | ||||||
Metropolitan Atlanta Rapid Transit Authority Sales Tax, Series A (RB) 3.00%, 07/01/30 (c) | 1,000 | 870,608 | ||||||
4,662,544 | ||||||||
Hawaii: 0.4% | ||||||||
City and County of Honolulu, Series C (GO) 4.00%, 08/01/29 (c) | 750 | 767,566 |
Par (000’s | ) | Value | ||||||
Hawaii (continued) | ||||||||
5.00%, 08/01/29 (c) | $ | 200 | $ | 225,341 | ||||
992,907 | ||||||||
Illinois: 4.3% | ||||||||
Chicago O’Hare International Airport, Series B (RB) (AGM) 4.00%, 01/01/29 (c) | 890 | 890,570 | ||||||
Chicago O’Hare International Airport, Series C (RB) 5.00%, 01/01/27 (c) | 150 | 161,642 | ||||||
Chicago O’Hare International Airport, Series D (RB) | ||||||||
5.00%, 01/01/27 (c) | 265 | 283,651 | ||||||
5.00%, 01/01/27 (c) | 150 | 160,148 | ||||||
Chicago O’Hare International Airport, Series F (RB) 5.00%, 01/01/27 (c) | 250 | 266,914 | ||||||
City of Chicago, Seires B (GO) 4.00%, 01/01/32 (c) | 1,064 | 1,044,516 | ||||||
County of Cook, Illinois Sales Tax (RB) 4.00%, 11/15/27 (c) | 160 | 162,586 | ||||||
Illinois Finance Authority, NorthShore University HealthSystem, Series A (RB) 4.00%, 08/15/30 (c) | 500 | 499,057 | ||||||
Illinois Finance Authority, Presence Network, Series C (RB) 4.00%, 02/15/27 (c) | 500 | 505,285 | ||||||
Illinois Finance Authority, Silver Cross Hospital and Medical Center, Series C (RB) 5.00%, 08/15/25 (c) | 1,000 | 1,033,262 | ||||||
Illinois State Toll Highway Authority, Series A (RB) 5.00%, 01/01/31 (c) | 1,000 | 1,115,274 | ||||||
State of Illinois (GO) (AGC) 5.75%, 05/01/30 (c) | 750 | 841,955 | ||||||
State of Illinois, Series A (GO) | ||||||||
4.00%, 03/01/31 (c) | 500 | 482,701 | ||||||
5.00%, 03/01/31 (c) | 1,250 | 1,336,218 | ||||||
5.00%, 05/01/28 (c) | 630 | 664,837 | ||||||
5.00%, 05/01/28 (c) | 250 | 264,286 | ||||||
9,712,902 | ||||||||
Indiana: 0.6% | ||||||||
Indiana Finance Authority, CWA Authority Project (RB) 5.00%, 10/01/31 (c) | 300 | 343,503 | ||||||
Indianapolis Local Public Improvement Bond Bank, Courthouse and Jail Project, Series A (RB) 5.00%, 02/01/29 (c) | 1,000 | 1,104,957 | ||||||
1,448,460 | ||||||||
Iowa: 0.8% | ||||||||
Iowa Finance Authority (RB) 5.00%, 08/01/30 (c) | 530 | 599,279 |
5 |
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(unaudited) (continued)
Par (000’s | ) | Value | ||||||
Iowa (continued) | ||||||||
Iowa Finance Authority, Midwestern Disaster Area, Iowa Fertilizer Co. Project, Series A (RB) 5.00%, 12/01/42 (c) (p) | $ | 500 | $ | 531,493 | ||||
Iowa Higher Education Loan Authority, Grinnell College Project (RB) 5.00%, 12/01/26 (c) | 300 | 326,279 | ||||||
Iowa Higher Education Loan Authority, Grinnell College Project, Series A (RB) 5.00%, 12/01/26 (c) | 250 | 273,500 | ||||||
1,730,551 | ||||||||
Kansas: 0.2% | ||||||||
Lyon County Unified School District No. 253 (GO) 3.00%, 09/01/27 (c) | 270 | 233,628 | ||||||
Sedgwick County Unified School District No. 260, Series B (GO) 4.00%, 10/01/26 (c) | 150 | 154,083 | ||||||
387,711 | ||||||||
Kentucky: 0.8% | ||||||||
Kentucky Bond Development Corp., Lexington Center Corp. Project (RB) 4.00%, 09/01/28 (c) | 920 | 937,881 | ||||||
Kentucky Economic Development Finance Authority, Louisville Arena Project, Series A (RB) (AGM) 4.00%, 12/01/27 (c) | 750 | 765,600 | ||||||
Louisville and Jefferson County, Metropolitan Sewer District, Series A (RB) 3.25%, 11/15/26 (c) | 235 | 211,053 | ||||||
1,914,534 | ||||||||
Louisiana: 1.0% | ||||||||
City of New Orleans, Louisiana Public Improvement, Series A (GO) | ||||||||
5.00%, 12/01/30 (c) | 320 | 356,835 | ||||||
5.00%, 12/01/30 (c) | 450 | 505,507 | ||||||
City of Shreveport LA Water & Sewer Revenue (RB) (AGM) 4.00%, 12/01/28 (c) | 700 | 708,719 | ||||||
Louisiana Local Government Environmental Facilities and Community Development Authority, Woman’s Hospital Foundation Project, Series A (RB) 4.00%, 10/01/27 (c) | 230 | 231,440 | ||||||
Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project (RB) 4.00%, 05/15/27 (c) | 230 | 230,582 |
Par (000’s | ) | Value | ||||||
Louisiana (continued) | ||||||||
New Orleans Aviation Board, North Terminal Project, Series A (RB) 5.00%, 01/01/27 (c) | $ | 240 | $ | 253,330 | ||||
2,286,413 | ||||||||
Maryland: 1.2% | ||||||||
City of Baltimore, Water Projects, Series A (RB) (SAW) 4.00%, 07/01/29 (c) | 225 | 227,312 | ||||||
County of Baltimore, Metropolitan District (GO) 4.00%, 03/01/28 (c) | 250 | 257,812 | ||||||
Maryland Community Development Administration, Series A (RB) (AGM) 1.95%, 03/01/30 (c) | 310 | 231,114 | ||||||
Maryland Health and Higher Educational Facilities Authority, Adventist Healthcare, Series B (RB) 4.00%, 01/01/32 (c) | 500 | 479,074 | ||||||
Maryland Health and Higher Educational Facilities Authority, Greater Baltimore Medical Center, Series A (RB) 3.00%, 07/01/31 (c) | 500 | 403,528 | ||||||
Maryland Health and Higher Educational Facilities Authority, Medstar Health Issue, Series A (RB) 4.00%, 05/15/27 (c) | 260 | 256,611 | ||||||
Maryland Health and Higher Educational Facilities Authority, Univeristy of Maryland Medical System Issue, Series D (RB) 4.00%, 01/01/28 (c) | 150 | 148,178 | ||||||
Maryland Stadium Authority Built to Learn (RB) 2.75%, 06/01/31 (c) | 850 | 657,920 | ||||||
2,661,549 | ||||||||
Massachusetts: 4.1% | ||||||||
Commonwealth of Massachusetts (GO) 5.00%, 11/01/30 (c) | 605 | 693,182 | ||||||
Commonwealth of Massachusetts Transportation Fund Revenue (RB) | ||||||||
5.00%, 06/01/30 (c) | 560 | 637,703 | ||||||
5.00%, 06/01/31 (c) | 500 | 578,716 | ||||||
Commonwealth of Massachusetts, Accelerated Bridge Program, Series A (RB) 5.00%, 06/01/28 (c) | 315 | 349,771 | ||||||
Commonwealth of Massachusetts, Series A (GO) | ||||||||
5.00%, 01/01/28 (c) | 1,000 | 1,105,975 | ||||||
5.00%, 01/01/28 (c) | 200 | 221,442 |
6 |
Par (000’s | ) | Value | ||||||
Massachusetts (continued) | ||||||||
5.00%, 04/01/27 (c) | $ | 275 | $ | 301,517 | ||||
Commonwealth of Massachusetts, Series C (GO) 3.00%, 03/01/30 (c) | 360 | 310,363 | ||||||
Massachusetts Bay Transportation Authority Sales Tax Revenue (RB) 4.00%, 07/01/31 (c) | 800 | 804,451 | ||||||
Massachusetts Bay Transportation Authority, Series A (RB) 5.00%, 07/01/27 (c) | 100 | 109,222 | ||||||
Massachusetts Development Finance Agency, Northeastern Institute, Series A (RB) 5.00%, 03/01/24 (c) | 1,900 | 1,948,184 | ||||||
Massachusetts Development Finance Agency, The Broad Institute Issue (RB) 4.00%, 10/01/27 (c) | 250 | 255,279 | ||||||
Massachusetts Port Authority, Series B (RB) (SBG) 5.00%, 07/01/29 (c) | 305 | 343,464 | ||||||
The Commonwealth of Massachusetts Transportation Fund, Series A (RB) 3.00%, 06/01/30 (c) | 800 | 674,910 | ||||||
The Commonwealth of Massachusetts, Series B (GO) 2.12%, 04/01/31 (c) | 1,300 | 864,486 | ||||||
9,198,665 | ||||||||
Michigan: 2.3% | ||||||||
Bloomfield Hills School District (GO) 4.00%, 05/01/30 (c) | 700 | 714,806 | ||||||
Great Lakes Water Authority, Water Supply System, Second Lien, Series B (RB) 5.00%, 07/01/26 (c) | 390 | 417,536 | ||||||
Great Lakes Water Authority, Water Supply System, Senior Lien, Series A (RB) 5.00%, 07/01/26 (c) | 320 | 343,204 | ||||||
Michigan Finance Authority (RB) (BAM) 4.00%, 11/01/30 (c) | 500 | 501,101 | ||||||
Michigan Finance Authority Hospital, Trinity Health Credit Group, Series A (RB) 5.00%, 12/01/27 (c) | 500 | 541,205 | ||||||
Michigan Finance Authority, Henry Ford Health System, Series A (RB) | ||||||||
4.00%, 11/15/26 (c) | 225 | 221,517 | ||||||
4.00%, 11/02/29 (c) | 250 | 243,251 | ||||||
5.00%, 11/02/29 (c) | 135 | 142,405 |
Par (000’s | ) | Value | ||||||
Michigan (continued) | ||||||||
Michigan State Housing Development Authority, Series A-1 (RB) 3.35%, 10/01/28 (c) | $ | 500 | $ | 448,046 | ||||
Michigan State Housing Development Authority, Single-Family Mortgage, Series B (RB) 2.95%, 12/01/28 (c) | 425 | 390,840 | ||||||
Muskegon Public Schools (GO) 5.00%, 05/01/31 (c) | 305 | 343,730 | ||||||
Saginaw City School District (GO) 4.00%, 05/01/31 (c) | 750 | 761,687 | ||||||
Wayne County Airport Authority, Series A (RB) 5.00%, 12/01/27 (c) | 190 | 206,336 | ||||||
5,275,664 | ||||||||
Minnesota: 0.9% | ||||||||
City of Minneapolis, Allina Health Care System (RB) 4.00%, 11/15/31 (c) | 500 | 509,466 | ||||||
Minnesota Housing Finance Agency Residential Housing, Series B (RB) 2.50%, 07/01/30 (c) | 530 | 426,174 | ||||||
Minnesota Housing Finance Agency Residential Housing, Series I (RB) | ||||||||
2.15%, 01/01/30 (c) | 890 | 681,355 | ||||||
3.00%, 01/01/30 (c) | 475 | 474,718 | ||||||
2,091,713 | ||||||||
Missouri: 0.3% | ||||||||
Health and Educational Facilities Authority, Saint Louis University, Series A (RB) 5.00%, 04/01/29 (c) | 100 | 110,085 | ||||||
Missouri State Health and Educational Facilities Authority, Lutheran Senior Services Project, Series A (RB) 5.00%, 02/01/24 (c) | 250 | 260,908 | ||||||
Missouri State Housing Development Commission Single Family Mortgage, First Place Homeownership Loan, Series C (RB) 3.05%, 05/01/29 (c) | 200 | 195,710 | ||||||
566,703 | ||||||||
Nebraska: 0.6% | ||||||||
City of Omaha and County of Douglas, Public Building, Series B (GO) 4.00%, 05/01/29 (c) | 550 | 558,006 | ||||||
Omaha Public Power District, Nebraska Electric System, Series A (RB) 4.00%, 08/01/30 (c) | 750 | 757,808 | ||||||
1,315,814 |
7 |
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(unaudited) (continued)
Par (000’s | ) | Value | ||||||
Nevada: 1.5% | ||||||||
City of Carson, Tahoe Regional Healthcare Project (RB) 5.00%, 09/01/27 (c) | $ | 390 | $ | 410,498 | ||||
City of Henderson, Utility System, Series A-1 (GO) 4.00%, 06/01/30 (c) | 675 | 682,268 | ||||||
City of Reno NV (RB) 5.00%, 12/01/28 (c) | 1,000 | 1,059,621 | ||||||
County of Clark , Limited Tax, Series A (GO) 5.00%, 06/01/28 (c) | 485 | 531,722 | ||||||
County of Washoe, Nevada Highway, Fuel Tax (RB) 5.00%, 02/01/29 (c) | 250 | 276,822 | ||||||
County of Washoe, School District, Series C (GO) (AGM) 3.12%, 10/01/27 (c) | 100 | 94,600 | ||||||
Las Vegas Convention and Visitors Authority, Series B (RB) (NATL) 5.00%, 07/01/28 (c) | 275 | 302,745 | ||||||
3,358,276 | ||||||||
New Hampshire: 0.5% | ||||||||
National Finance Authority Hospital, St. Lukes University Health Network Project, Series B (RB) (AGM) 3.00%, 08/15/31 (c) | 500 | 421,946 | ||||||
National Finance Authority, Springpoints Living Project (RB) 4.00%, 01/01/26 (c) | 500 | 475,284 | ||||||
New Hampshire Municipal Bond Bank, Series B (RB) 4.00%, 08/15/27 (c) | 265 | 272,653 | ||||||
1,169,883 | ||||||||
New Jersey: 2.6% | ||||||||
Clifton Board Of Education (GO) (AGM) 2.00%, 08/15/28 (c) | 500 | 369,486 | ||||||
New Jersey Educational Facilities Authority, New Jersey Princeton University, Series C (RB) 2.00%, 03/01/31 (c) | 500 | 368,976 | ||||||
New Jersey Health Care Facilities Financing Authority, Atlanticare Health System (RB) 2.50%, 07/01/31 (c) | 490 | 340,280 | ||||||
New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health, Series A (RB) | ||||||||
4.00%, 07/01/31 (c) | 555 | 566,085 | ||||||
5.00%, 07/01/26 (c) | 55 | 58,576 |
Par (000’s | ) | Value | ||||||
New Jersey (continued) | ||||||||
New Jersey Transportation Trust Fund Authority, Series AA (RB) | ||||||||
4.50%, 12/15/28 (c) | $ | 910 | $ | 932,749 | ||||
5.00%, 12/15/30 (c) | 250 | 271,407 | ||||||
5.00%, 12/15/30 (c) | 250 | 267,425 | ||||||
New Jersey Transportation Trust Fund Authority, Series BB (RB) 3.50%, 12/15/28 (c) | 365 | 322,031 | ||||||
New Jersey Turnpike Authority, Series A (RB) 4.00%, 01/01/29 (c) | 1,280 | 1,296,191 | ||||||
New Jersey Turnpike Authority, Series B (RB) 5.00%, 01/01/28 (c) | 100 | 110,074 | ||||||
New Jersey Turnpike Authority, Series G (RB) 4.00%, 01/01/28 (c) | 210 | 213,640 | ||||||
South Jersey Transportation Authority, Transportation System, Series A (RB) 5.00%, 11/01/30 (c) | 500 | 532,561 | ||||||
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/28 (c) | 205 | 214,146 | ||||||
5,863,627 | ||||||||
New Mexico: 0.3% | ||||||||
New Mexico Hospital Equipment, Presbyterian Healthcare Services, Series A (RB) 4.00%, 08/01/29 (c) | 250 | 242,282 | ||||||
New Mexico Mortgage Finance Authority, Single Family Mortgage Program Class I, Series C (RB) 3.60%, 07/01/28 (c) | 180 | 178,251 | ||||||
New Mexico Mortgage Finance Authority, Single Family Mortgage Program Class I, Series F (RB) 3.05%, 01/01/29 (c) | 310 | 283,044 | ||||||
703,577 | ||||||||
New York: 20.8% | ||||||||
Battery Park City Authority, Series A (RB) 4.00%, 11/01/29 (c) | 1,000 | 1,019,604 | ||||||
Broome County Local Development Corp. (RB) (AGM) 4.00%, 04/01/30 (c) | 925 | 930,963 | ||||||
City of New York NY (GO) 4.00%, 08/01/31 (c) | 1,000 | 1,003,018 | ||||||
City of New York, Series C (GO) 5.00%, 08/01/30 (c) | 500 | 557,158 | ||||||
City of New York, Series D-1 (GO) 4.00%, 12/01/28 (c) | 470 | 473,279 |
8 |
Par (000’s | ) | Value | ||||||
New York (continued) | ||||||||
5.00%, 12/01/28 (c) | $ | 100 | $ | 112,025 | ||||
City of New York, Subseries B-1 (GO) | ||||||||
3.00%, 10/01/29 (c) | 110 | 95,536 | ||||||
5.00%, 10/01/29 (c) | 250 | 275,765 | ||||||
City of New York, Subseries D-1 (GO) (BAM) 5.00%, 03/01/30 (c) | 1,000 | 1,109,055 | ||||||
County of Monroe, Industrial Development Corp., University of Rochester Project, Series A (RB) 4.00%, 07/01/30 (c) | 900 | 901,230 | ||||||
Dormitory Authority of the State of New York University, Personal Income Tax, Series D (RB) 5.00%, 02/15/30 (c) | 520 | 574,671 | ||||||
Dormitory Authority of the State of New York, A (RB) 5.00%, 03/15/27 (c) | 380 | 415,784 | ||||||
Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB) 5.00%, 07/01/26 (c) | 255 | 263,017 | ||||||
Hudson Yards Infrastructure Corp., Series A (RB) 5.00%, 02/15/27 (c) | 645 | 695,335 | ||||||
Jefferson County Civic Facility Development Corp., Samaritan Medical Center Project, Series A (RB) 4.00%, 11/01/27 (c) | 330 | 298,615 | ||||||
Long Island Power Authority, Electric System (RB) 5.00%, 09/01/27 (c) | 300 | 328,460 | ||||||
Metropolitan Transportation Authority (RB) | ||||||||
5.00%, 11/15/23 (c) | 600 | 610,118 | ||||||
5.00%, 05/15/25 (c) | 590 | 605,964 | ||||||
Metropolitan Transportation Authority, Series A (RB) (AGM) 5.00%, 11/15/28 (c) | 715 | 776,692 | ||||||
Metropolitan Transportation Authority, Series A-1 (RB) 4.00%, 05/15/27 (c) | 400 | 390,564 | ||||||
Metropolitan Transportation Authority, Series B-1 (RB) 5.00%, 11/15/27 (c) | 350 | 377,341 | ||||||
Metropolitan Transportation Authority, Series C (RB) 5.00%, 11/15/29 (c) | 550 | 583,683 | ||||||
Metropolitan Transportation Authority, Series C (RB) (AGM) 4.00%, 11/15/29 (c) | 1,000 | 990,680 | ||||||
Metropolitan Transportation Authority, Series D (RB) 4.00%, 05/15/28 (c) | 1,245 | 1,220,978 |
Par (000’s | ) | Value | ||||||
New York (continued) | ||||||||
4.00%, 05/15/28 (c) | $ | 250 | $ | 241,881 | ||||
New York City Environmental Facilities, Clean Water and Drinking Water, Series B (RB) 4.00%, 06/15/29 (c) | 500 | 509,342 | ||||||
New York City Housing Development Corp., Multi- Family Housing, Series C-1 (RB) 2.25%, 05/01/29 (c) | 800 | 617,467 | ||||||
New York City Housing Development Corp., Multi- Family Housing, Series E-1 (RB) 3.00%, 03/01/27 (c) | 500 | 451,128 | ||||||
New York City Housing Development Corp., Multi- Family Housing, Series I-1 (RB) 2.35%, 02/01/29 (c) | 525 | 421,764 | ||||||
New York City Housing Development Corp., Multi- Family Housing, Series J (RB) 3.05%, 09/01/27 (c) | 565 | 469,880 | ||||||
New York City Housing Development Corp., Sustainable Neighborhood Bonds, Series G-1 (RB) 3.75%, 11/01/25 (c) | 250 | 229,693 | ||||||
New York City Municipal Water Finance Authority (RB) 4.00%, 06/15/24 (c) | 500 | 500,679 | ||||||
New York City Municipal Water Finance Authority, Water and Sewer System, Series EE (RB) 5.00%, 12/15/27 (c) | 750 | 825,368 | ||||||
New York City Transitional Finance Authority Building Aid, Series S-1 (RB) (SAW) 3.00%, 07/15/29 (c) | 350 | 294,772 | ||||||
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB) 5.00%, 08/01/28 (c) | 260 | 287,290 | ||||||
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-2 (RB) 5.00%, 08/01/27 (c) | 200 | 220,621 | ||||||
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-3 (RB) 5.00%, 08/01/27 (c) | 510 | 561,204 | ||||||
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB) 4.00%, 08/01/27 (c) | 400 | 404,875 |
9 |
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(unaudited) (continued)
Par (000’s | ) | Value | ||||||
New York (continued) | ||||||||
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB) | ||||||||
4.00%, 11/01/30 (c) | $ | 775 | $ | 794,065 | ||||
4.00%, 11/01/30 (c) | 500 | 510,764 | ||||||
4.00%, 05/01/29 (c) | 1,120 | 1,137,814 | ||||||
5.00%, 02/01/32 (c) | 565 | 636,454 | ||||||
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB) 2.25%, 02/01/31 (c) | 650 | 453,193 | ||||||
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series F-1 (RB) 5.00%, 05/01/27 (c) | 420 | 457,510 | ||||||
New York City Water and Sewer System, Series AA (RB) 5.00%, 12/15/29 (c) | 200 | 224,980 | ||||||
New York City Water and Sewer System, Series AA-1 (RB) 3.00%, 12/15/30 (c) | 350 | 299,472 | ||||||
New York City Water and Sewer System, Series AA-2 (RB) 3.00%, 12/15/30 (c) | 660 | 601,179 | ||||||
New York City Water and Sewer System, Series BB (RB) 4.00%, 12/15/30 (c) | 640 | 642,555 | ||||||
New York City Water and Sewer System, Series EE (RB) (AGC) 5.00%, 06/15/29 (c) | 800 | 893,829 | ||||||
New York City Water and Sewer System, Series FF (RB) 5.00%, 06/15/28 (c) | 250 | 277,979 | ||||||
New York Convention Center Development Corp., Series A (RB) | ||||||||
0.00%, 11/15/47 ^ | 230 | 67,730 | ||||||
0.00%, 11/15/54 ^ | 170 | 34,643 | ||||||
New York Liberty Development Corp., 4 World Trade Center Project (RB) 3.00%, 11/15/31 (c) | 1,500 | 1,169,852 | ||||||
New York State Dormitory Authority, Icahn School of Medicine at Mount Sinai, Series A (RB) 5.00%, 03/15/29 (c) | 285 | 313,445 | ||||||
New York State Dormitory Authority, New York Columbia University, Series A (RB) 5.00%, 10/01/47 | 250 | 314,628 |
Par (000’s | ) | Value | ||||||
New York (continued) | ||||||||
New York State Dormitory Authority, New York Columbia University, Series A (RB) (FHA) 5.00%, 10/01/48 | $ | 700 | $ | 883,675 | ||||
New York State Dormitory Authority, New York University, Series A (RB) 5.00%, 07/01/28 (c) | 400 | 445,771 | ||||||
New York State Dormitory Authority, Personal Income Tax, Series A (RB) 3.00%, 09/15/30 (c) | 500 | 447,621 | ||||||
New York State Dormitory Authority, Rochester Institute of Technology, Series A (RB) 5.00%, 07/01/29 (c) | 250 | 276,091 | ||||||
New York State Dormitory Authority, St. John’s University, Series A (RB) 4.00%, 07/01/31 (c) | 550 | 540,723 | ||||||
New York State Dormitory Authority, State Sales Tax, Series A (RB) | ||||||||
4.00%, 03/15/27 (c) | 800 | 800,178 | ||||||
4.00%, 03/15/27 (c) | 250 | 250,285 | ||||||
5.00%, 03/15/27 (c) | 150 | 162,385 | ||||||
New York State Dormitory Authority, State Sales Tax, Series E (RB) 5.00%, 09/15/28 (c) | 1,000 | 1,101,257 | ||||||
New York State Dormitory Authority, The New School, Series A (RB) | ||||||||
4.00%, 01/01/27 (c) | 475 | 460,041 | ||||||
5.00%, 01/01/27 (c) | 420 | 436,121 | ||||||
New York State Housing Finance Agency (RB) 2.50%, 05/01/30 (c) | 1,250 | 1,021,395 | ||||||
New York State Housing Finance Agency, Series D (RB) 3.70%, 05/01/28 (c) | 225 | 218,385 | ||||||
New York State Housing Finance Agency, Series M (RB) 3.75%, 11/01/26 (c) | 195 | 185,386 | ||||||
New York State Power Authority, Series A (RB) 4.00%, 05/15/30 (c) | 500 | 500,497 | ||||||
New York State Thruway Authority (RB) 4.00%, 03/15/31 (c) | 525 | 530,280 | ||||||
New York State Thruway Authority, Series B (RB) (AGM) 4.00%, 01/01/30 (c) | 500 | 510,562 | ||||||
New York State Urban Development Corp., Sales Tax, Series A (RB) 3.00%, 09/15/31 (c) | 1,000 | 861,434 |
10 |
Par (000’s | ) | Value | ||||||
New York (continued) | ||||||||
New York State Urban Development Corp., State Personal Income, Series A (RB) 5.00%, 09/15/28 (c) | $ | 500 | $ | 553,503 | ||||
New York State Urban Development Corp., State Personal Income, Series C (RB) 3.00%, 09/15/30 (c) | 550 | 469,482 | ||||||
New York Transportation Development Corp., Terminal 4 John Kennedy International Airport Project, Series C (RB) 4.00%, 12/01/30 (c) | 925 | 886,336 | ||||||
State of New York Mortgage Agency Homeowner Mortgage (RB) 3.50%, 04/01/26 (c) | 190 | 176,778 | ||||||
State of New York Mortgage Agency Homeowner Mortgage (RB) (SBG) 2.55%, 10/01/29 (c) | 330 | 241,272 | ||||||
Suffolk Tobacco Asset Securitization Corp., Series B-1 (RB) 4.00%, 06/01/31 (c) | 500 | 490,420 | ||||||
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series A (RB) | ||||||||
5.00%, 11/15/30 (c) | 750 | 819,660 | ||||||
5.00%, 11/15/30 (c) | 1,500 | 1,668,647 | ||||||
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series B (RB) 5.00%, 05/15/28 (c) | 980 | 1,097,275 | ||||||
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series C (RB) 4.00%, 11/15/31 (c) | 750 | 749,319 | ||||||
Utility Debt Securitization Authority (RB) 5.00%, 12/15/27 (c) | 550 | 615,268 | ||||||
46,875,638 | ||||||||
North Carolina: 1.4% | ||||||||
Charlotte-Mecklenburg Hospital Authority, Atrium HealthCare, Series A (RB) 4.00%, 01/15/32 (c) | 600 | 604,785 | ||||||
North Carolina Housing Finance Agency Home Ownership, Series B (RB) 4.00%, 07/01/27 (c) | 65 | 66,210 | ||||||
North Carolina Medical Care Commission, Novant Health, Series A (RB) 3.12%, 11/01/29 (c) | 220 | 186,734 |
Par (000’s | ) | Value | ||||||
North Carolina (continued) | ||||||||
North Carolina Turnpike Authority, Triangle Expressway System (RB) | ||||||||
5.00%, 01/01/30 (c) | $ | 750 | $ | 786,445 | ||||
5.00%, 01/01/30 (c) | 500 | 527,241 | ||||||
University of North Carolina, Hospitals at Chapel Hill (RB) 5.00%, 02/01/45 | 800 | 972,825 | ||||||
3,144,240 | ||||||||
Ohio: 2.7% | ||||||||
American Municipal Power, Inc., Series A (RB) 5.00%, 02/15/26 (c) | 220 | 234,119 | ||||||
City of Chillicothe, Hospital Facilities, Adena Health System (RB) 4.00%, 12/01/27 (c) | 440 | 433,951 | ||||||
City of Cleveland, Airport System Revenue, Series B (RB) 5.00%, 07/01/28 (c) | 100 | 106,048 | ||||||
County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB) 4.00%, 02/01/28 (c) | 510 | 510,404 | ||||||
County of Franklin, Nationwide Children’s Hospital Project, Series A (RB) 5.00%, 11/01/48 | 1,000 | 1,190,608 | ||||||
County of Ross, Adena Health System (RB) 5.00%, 12/01/29 (c) | 1,000 | 1,063,005 | ||||||
Euclid City School District, Series A (GO) (SD CRED PROG) 4.00%, 01/15/26 (c) | 150 | 150,955 | ||||||
Hamilton County, Life Enriching Communities Project (RB) 5.00%, 01/01/26 (c) | 250 | 250,766 | ||||||
North Royalton City School District (GO) 5.00%, 06/01/25 (c) | 190 | 200,527 | ||||||
Northeast Ohio Regional Sewer District (RB) 3.00%, 11/15/29 (c) | 350 | 323,333 | ||||||
Ohio Housing Finance Agency, Series D (RB) 3.62%, 09/01/26 (c) | 90 | 88,840 | ||||||
Ohio Water Development Authority, Fresh Water (RB) 5.00%, 12/01/29 (c) | 500 | 565,750 | ||||||
State of Ohio, Cleveland Clinic System, Series B (RB) (BAM) 4.00%, 01/01/29 (c) | 335 | 340,603 | ||||||
State of Ohio, Water Pollution Control, Series A (RB) 5.00%, 12/01/31 (c) | 500 | 578,594 | ||||||
6,037,503 |
11 |
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(unaudited) (continued)
Par (000’s | ) | Value | ||||||
Oklahoma: 0.6% | ||||||||
Edmond Public Works Authority, Sales Tax and Utility System (RB) 4.00%, 07/01/27 (c) | $ | 250 | $ | 253,562 | ||||
Oklahoma Turnpike Authority (RB) 4.00%, 01/01/27 (c) | 700 | 704,330 | ||||||
Oklahoma Turnpike Authority, Series A (RB) 4.00%, 01/01/26 (c) | 350 | 351,892 | ||||||
1,309,784 | ||||||||
Oregon: 1.1% | ||||||||
Multnomah County School District No. 1J, Series B (GO) (SBG) | ||||||||
2.00%, 06/15/30 (c) | 550 | 394,844 | ||||||
3.25%, 06/15/27 (c) | 295 | 279,205 | ||||||
Oregon Health and Science University, Series A (RB) 4.00%, 01/01/32 (c) | 1,000 | 1,000,442 | ||||||
Tri-County Metropolitan Transportation District of Oregon, Series A (RB) 3.00%, 09/01/29 (c) | 935 | 843,517 | ||||||
2,518,008 | ||||||||
Pennsylvania: 4.6% | ||||||||
Allegheny County Sanitary Authority, Sewer Revenue (RB) 5.00%, 06/01/28 (c) | 685 | 753,595 | ||||||
Allegheny County, Series C-77 (GO) 5.00%, 11/01/28 (c) | 220 | 245,974 | ||||||
Chester County Health and Education Facilities Authority, Main Line Health System, Series A (RB) | ||||||||
4.00%, 10/01/27 (c) | 180 | 180,879 | ||||||
4.00%, 09/01/30 (c) | 645 | 646,176 | ||||||
Chester County Health and Education Facilities Authority, Main Line Health System, Series A (RB) (SBG) 4.00%, 09/01/30 (c) | 210 | 213,858 | ||||||
Commonwealth of Pennsylvania, Series A (CP) (FHA) 4.00%, 01/30/28 (c) | 1,170 | 1,170,838 | ||||||
DuBois Hospital Authority, Penn Highlands Healthcare (RB) 5.00%, 01/15/28 (c) | 280 | 295,159 | ||||||
Geisinger Authority, Health System, Series A (RB) 5.00%, 04/01/30 (c) | 1,000 | 1,071,325 |
Par (000’s | ) | Value | ||||||
Pennsylvania (continued) | ||||||||
Montgomery County Higher Education and Health Authority, Presbytery Homes, Inc. Project (RB) 5.00%, 12/01/24 (c) | $ | 145 | $ | 150,621 | ||||
Pennsylvania Housing Finance Agency, Single Family Mortgage (RB) | ||||||||
2.28%, 10/01/30 (c) | 500 | 389,399 | ||||||
3.20%, 10/01/25 (c) | 270 | 243,486 | ||||||
3.20%, 10/01/25 (c) | 150 | 136,659 | ||||||
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series B (RB) 3.65%, 04/01/27 (c) | 260 | 248,505 | ||||||
Pennsylvania Turnpike Commission (RB) 5.00%, 12/01/30 (c) | 800 | 884,692 | ||||||
Pennsylvania Turnpike Commission, Motor License (RB) 5.00%, 12/01/27 (c) | 155 | 167,508 | ||||||
Pennsylvania Turnpike Commission, Oil Franchise Tax, Series A (RB) (AGM) 5.00%, 12/01/28 (c) | 290 | 315,936 | ||||||
Pennsylvania Turnpike Commission, Oil Franchise Tax, Series B (RB) 4.00%, 12/01/31 (c) | 550 | 535,798 | ||||||
Pennsylvania Turnpike Commission, Series A (RB) 5.00%, 12/01/29 (c) | 220 | 238,668 | ||||||
Pennsylvania Turnpike Commission, Series A-1 (RB) 5.00%, 12/01/27 (c) | 900 | 964,916 | ||||||
Pennsylvania Turnpike Commission, Series B-1 (RB) 5.25%, 06/01/27 (c) | 700 | 747,435 | ||||||
Philadelphia Gas Works (RB) 5.00%, 08/01/27 (c) | 805 | 848,823 | ||||||
10,450,250 | ||||||||
Tennessee: 0.4% | ||||||||
Sullivan County (GO) 4.00%, 05/01/26 (c) | 230 | 232,207 | ||||||
Tennessee Housing Development Agency, Residential Finance Program (RB) | ||||||||
2.95%, 01/01/29 (c) | 350 | 343,000 | ||||||
3.60%, 01/01/27 (c) | 240 | 240,883 | ||||||
Tennessee Housing Development Agency, Series B (RB) 3.45%, 01/01/27 (c) | 185 | 185,171 | ||||||
1,001,261 |
12 |
Par (000’s | ) | Value | ||||||
Texas: 9.4% | ||||||||
Alvin Independent School District (GO) 3.38%, 02/15/28 (c) | $ | 350 | $ | 343,280 | ||||
Arlington Higher Education Finance Corp. (RB) | ||||||||
3.00%, 02/15/31 (c) | 1,000 | 847,444 | ||||||
4.00%, 08/15/29 (c) | 675 | 684,543 | ||||||
Board of Regents of the University of Texas System, Series A (RB) 3.00%, 08/15/31 (c) | 525 | 474,649 | ||||||
Board of Regents of the University of Texas System, Series E (RB) 4.00%, 08/15/27 (c) | 650 | 661,015 | ||||||
Central Texas Regional Mobility Authority, Senior Lien, Series E (RB) 5.00%, 01/01/30 (c) | 750 | 810,575 | ||||||
City of Arlington, Senior Lien Special Tax, Series A (ST) (AGM) 4.00%, 02/15/28 (c) | 165 | 167,119 | ||||||
City of Austin, Airport System, Series A (RB) 5.00%, 11/15/26 (c) | 280 | 304,184 | ||||||
City of Austin, Texas Electricity Utility System, Series A (RB) | ||||||||
5.00%, 11/15/29 (c) | 1,375 | 1,507,582 | ||||||
5.00%, 11/15/30 (c) | 500 | 556,105 | ||||||
City of Corpus Christi, Utility System, Series A (RB) (SBG) 4.00%, 07/15/30 (c) | 295 | 300,698 | ||||||
City of Denton (GO) 4.00%, 02/15/27 (c) | 120 | 120,623 | ||||||
City of El Paso (GO) 4.00%, 08/15/29 (c) | 950 | 958,132 | ||||||
City of Houston, Combined Utility System, First Lien, Series D (RB) 5.00%, 11/15/28 (c) | 220 | 244,786 | ||||||
College of the Mainland (GO) 3.75%, 08/15/28 (c) | 250 | 243,576 | ||||||
Coppell Independent School District (GO) 4.00%, 08/15/28 (c) | 250 | 254,344 | ||||||
County of Bexar, Political Subdivision, Limited Tax (GO) 4.00%, 06/15/26 (c) | 220 | 224,388 | ||||||
Crowley Independent School District (GO) 4.00%, 02/01/29 (c) | 500 | 512,492 | ||||||
Cypress-Fairbanks Independent School District, Series A (GO) 2.25%, 02/15/31 (c) | 600 | 452,425 | ||||||
Grand Parkway Transportation Corp. System, First Tier Toll, Series C (RB) 4.00%, 04/01/30 (c) | 770 | 760,598 |
Par (000’s | ) | Value | ||||||
Texas (continued) | ||||||||
Grand Parkway Transportation Corp. System, Subordinate Tier Toll, Series A (RB) 5.00%, 04/01/28 (c) | $ | 640 | $ | 700,739 | ||||
Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) | ||||||||
3.00%, 10/01/29 (c) | 350 | 319,776 | ||||||
3.00%, 10/01/31 (c) | 1,000 | 819,461 | ||||||
3.00%, 10/01/31 (c) | 1,145 | 1,032,799 | ||||||
Lamar Consolidated Independent School District (GO) 3.00%, 02/15/31 (c) | 290 | 245,248 | ||||||
Leander Independent School District, Series A (GO) | ||||||||
0.00%, 08/16/26 (c) ^ | 95 | 38,517 | ||||||
0.00%, 08/16/26 (c) ^ | 900 | 399,812 | ||||||
New Hope Cultural Education Facilities Finance Corp. Hospital, Children’s Healthcare of Texas, Series A (RB) 4.00%, 08/15/27 (c) | 555 | 562,039 | ||||||
North Fort Bend Water Authority, Series A (RB) 4.00%, 12/15/29 (c) | 250 | 259,913 | ||||||
North Texas Tollway Authority System, Second Tier (RB) 4.25%, 01/01/28 (c) | 500 | 505,661 | ||||||
Northside Independent School District (GO) 3.00%, 06/01/29 (c) | 745 | 664,412 | ||||||
San Jacinto College District, Series A (GO) 5.00%, 02/15/29 (c) | 500 | 560,568 | ||||||
Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series B (RB) 5.00%, 01/01/29 (c) | 250 | 266,954 | ||||||
Tarrant Regional Water District, Texas Water Transmission Facility Contract, Series A (RB) 2.00%, 03/01/30 (c) | 750 | 526,921 | ||||||
Texas Water Development Board (RB) | ||||||||
4.00%, 10/15/28 (c) | 1,000 | 1,025,480 | ||||||
4.00%, 10/15/30 (c) | 500 | 510,795 | ||||||
Texas Water Development Board, Series A (RB) | ||||||||
3.00%, 10/15/29 (c) | 500 | 457,531 | ||||||
4.00%, 04/15/28 (c) | 325 | 328,686 | ||||||
5.00%, 04/15/28 (c) | 840 | 929,365 | ||||||
Texas Water Development Board, Series B (RB) 5.00%, 10/15/28 (c) | 225 | 248,557 |
13 |
VANECK LONG MUNI ETF
SCHEDULE OF INVESTMENTS
(unaudited) (continued)
Par (000’s | ) | Value | ||||||
Texas (continued) | ||||||||
West Harris County Regional Water Authority (RB) 3.00%, 12/15/29 (c) | $ | 250 | $ | 187,853 | ||||
West Travis County Public Utility Agency (RB) (BAM) 4.00%, 08/15/27 (c) | 230 | 233,747 | ||||||
21,253,392 | ||||||||
Utah: 0.9% | ||||||||
Salt Lake City, International Airport, Series B (RB) 5.00%, 07/01/28 (c) | 360 | 395,098 | ||||||
University of Utah/The (RB) 5.00%, 08/01/31 (c) | 800 | 923,236 | ||||||
Utah County, IHC Health Services, Inc., Series A (RB) 5.00%, 05/15/30 (c) | 250 | 276,555 | ||||||
Utah County, IHC Health Services, Inc., Series B (RB) | ||||||||
3.00%, 05/15/26 (c) | 210 | 177,903 | ||||||
4.00%, 05/15/24 (c) | 350 | 350,020 | ||||||
2,122,812 | ||||||||
Virginia: 1.9% | ||||||||
Fairfax County Industrial Development Authority, Inova Health System Project, Series B (RB) 4.00%, 05/15/28 (c) | 250 | 250,293 | ||||||
Hampton Roads Transportation Accountability Commission (RB) 4.00%, 07/01/32 (c) | 600 | 606,961 | ||||||
Hampton Roads Transportation Accountability Commission, Series A (RB) | ||||||||
4.00%, 07/01/30 (c) | 665 | 687,337 | ||||||
5.00%, 07/01/30 (c) | 500 | 559,204 | ||||||
Norfolk Economic Development Authority, Series B (RB) 4.00%, 11/01/28 (c) | 250 | 249,738 | ||||||
University of Virginia (RB) 4.00%, 04/01/25 (c) | 500 | 505,627 | ||||||
Virginia College Building Authority, Virginia Educational Facilities, Series A (RB) 3.00%, 02/01/31 (c) | 1,000 | 910,494 | ||||||
Virginia Small Business Financing Authority, National senior Campuses, Inc., Series A (RB) 4.00%, 07/01/27 (c) | 500 | 487,548 | ||||||
4,257,202 | ||||||||
Washington: 2.5% | ||||||||
City of Seattle, Municipal Light and Power Improvement, Series A (RB) 4.00%, 01/01/28 (c) | 450 | 454,750 | ||||||
Energy Northwest (RB) 5.00%, 07/01/31 (c) | 600 | 693,530 |
Par (000’s | ) | Value | ||||||
Washington (continued) | ||||||||
Energy Northwest, Columbia Generating Station Electric, Series A (RB) | ||||||||
4.00%, 07/01/31 (c) | $ | 1,000 | $ | 1,018,244 | ||||
5.00%, 07/01/31 (c) | 455 | 527,198 | ||||||
King County Public Hospital District No. 1, Valley Medical Center (GO) (SAW) 5.00%, 12/01/28 (c) | 150 | 162,067 | ||||||
King County Public Hospital District No. 2, Evergreen Health, Series A (GO) 4.00%, 12/01/29 (c) | 650 | 662,424 | ||||||
State of Washington (GO) 5.00%, 02/01/27 (c) | 735 | 807,662 | ||||||
State of Washington, Convention Center Public Facilities District (RB) 4.00%, 07/01/28 (c) | 125 | 120,425 | ||||||
State of Washington, Various Purpose, Series C (GO) 5.00%, 02/01/28 (c) | 800 | 888,649 | ||||||
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 4.00%, 08/15/27 (c) | 205 | 195,986 | ||||||
5,530,935 | ||||||||
West Virginia: 0.4% | ||||||||
State of West Virginia, Series B (GO) | ||||||||
4.00%, 06/01/28 (c) | 150 | 152,986 | ||||||
5.00%, 06/01/28 (c) | 100 | 110,784 | ||||||
West Virginia Parkways Authority (RB) 5.00%, 06/01/31 (c) | 620 | 696,918 | ||||||
960,688 | ||||||||
Wisconsin: 0.7% | ||||||||
Public Finance Authority Health Care Facilities, Series A (RB) 3.00%, 01/01/30 (c) | 250 | 194,940 | ||||||
Public Finance Authority Retirement Communities, Series A (RB) 5.00%, 11/15/27 (c) | 750 | 810,755 | ||||||
Village of Mount Pleasant, Series A (TA) 5.00%, 04/01/28 (c) | 250 | 269,422 | ||||||
Wisconsin Center District, Series D (RB) (AGM) 0.00%, 12/15/30 (c) ^ | 250 | 95,253 | ||||||
Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series C (RB) | ||||||||
4.00%, 02/15/27 (c) | 105 | 104,711 | ||||||
4.00%, 02/15/27 (c) | 115 | 111,393 | ||||||
1,586,474 |
14 |
Par (000’s | ) | Value | ||||||
Wyoming: 0.3% | ||||||||
University of Wyoming, Series C (RB) (AGM) |
Par (000’s | ) | Value | ||||||
Wyoming (continued) | ||||||||
4.00%, 06/01/31 (c) | $ | 700 | $ | 705,386 | ||||
Total Municipal Bonds: 98.9% (Cost: $244,672,491) | 223,343,447 | |||||||
Other assets less liabilities: 1.1% | 2,556,750 | |||||||
NET ASSETS: 100.0% | $ | 225,900,197 |
Definitions: | |
AGC | Assured Guaranty Corp. |
AGM | Assured Guaranty Municipal Corp. |
BAM | Build America Assurance Co. |
CP | Certificate of Participation |
FHA | Federal Housing Association |
GO | General Obligation |
NATL | National Public Finance Guarantee Corp. |
RB | Revenue Bond |
SA | Special Assessment |
SAW | State Aid Withholding |
SBG | School Board Guaranteed |
SD CRED PROG | Special District Credit Enhancement Program |
ST | Special Tax |
TA | Tax Allocation |
Footnotes:
(c) | Callable Security — the redemption date shown is when the security may be redeemed by the issuer |
^ | Zero Coupon Bond |
(p) | Putable Security — the redemption date shown is when the security may be redeemed by the investor |
Summary of Investments by Sector | % of Investments | Value | ||||||
Airport | 4.3 | % | $ | 9,550,524 | ||||
Education | 7.1 | 15,948,993 | ||||||
Health | 2.0 | 4,549,670 | ||||||
Hospitals | 13.9 | 31,043,450 | ||||||
Industrial Development Revenue | 0.6 | 1,417,829 | ||||||
Leasing COPS & Appropriations | 4.4 | 9,754,997 | ||||||
Local GO | 14.3 | 31,927,601 | ||||||
Misc | 1.4 | 3,192,091 | ||||||
Multi-Family Housing | 1.8 | 4,068,189 | ||||||
Pollution Control | 0.3 | 578,594 | ||||||
Power | 4.0 | 8,875,605 | ||||||
Single Family Housing | 3.0 | 6,670,787 | ||||||
State GO | 5.7 | 12,675,809 | ||||||
Tax | 12.9 | 28,792,960 | ||||||
Tobacco | 0.9 | 1,984,214 | ||||||
Toll & Turnpike | 7.5 | 16,705,576 | ||||||
Transportation | 4.8 | 10,795,579 | ||||||
Utilities - Other | 1.2 | 2,787,965 | ||||||
Water & Sewer | 9.9 | 22,023,014 | ||||||
100.0 | % | $ | 223,343,447 |
15 |