VANECK
HIP
SUSTAINABLE
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
January
31,
2024
(unaudited)
1
Par
(000's)
Value
MUNICIPAL
BONDS:
96.8%
Arizona
:
1.9%
Arizona
Industrial
Development
Authority,
Educational
Facility,
KIPP
NYC
Public
Charter
Schools
-
Macombs
Facility
Project,
Series
A
(RB)
4.00%,
07/01/51 (c)
$
400
$
352,303
Underline
California
:
31.1%
California
Health
Facilities
Financing
Authority,
Adventist
Health
System,
Series
A
(RB)
3.00%,
03/01/39 (c)
275
236,511
California
Health
Facilities
Financing
Authority,
Sutter
Health,
Series
A
(RB)
4.00%,
11/15/42 (c)
300
300,296
City
of
Los
Angeles
Department
of
Airports,
Series
A
(RB)
5.00%,
05/15/51 (c)
475
499,975
El
Dorado
Irrigation
District,
Series
C
(RB)
4.00%,
03/01/34 (c)
250
255,913
Golden
State
Tobacco
Securitization
Corp.,
Enhanced
Tobacco
Settlement,
Series
A
(RB)
5.00%,
06/01/40 (c)
250
257,287
Los
Angeles
Unified
School
District,
Series
A
(GO)
5.00%,
07/01/28 (c)
250
258,798
Regents
of
University
of
California,
Medical
Center
Pooled,
Series
P
(RB)
4.00%,
05/15/53 (c)
250
248,576
San
Francisco
City
&
County,
International
Airport,
Series
E
(RB)
5.00%,
05/01/34 (c)
370
399,051
State
of
California,
Various
Purpose
(GO)
4.00%,
10/01/33 (c)
370
404,418
5.00%,
10/01/29 (c)
500
556,383
5.00%,
08/01/27 (c)
410
418,955
5.00%,
04/01/27
250
268,610
5.00%,
08/01/27
300
324,815
State
of
California,
Various
Purpose
(GO)
(SAW)
5.00%,
12/01/46 (c)
250
276,962
University
of
California,
Series
BB
(RB)
5.00%,
05/15/49 (c)
250
270,260
University
of
California,
Series
BH
(RB)
4.00%,
05/15/46 (c)
280
281,184
Val
Verde
Unified
School
District,
Series
A
(GO)
(BAM)
2.75%,
08/01/49 (c)
720
533,221
5,791,215
Par
(000’s)
Value
Colorado
:
1.4%
State
of
Colorado,
Series
A
(CP)
4.00%,
12/15/40 (c)
$
250
$
256,231
Underline
Connecticut
:
4.2%
State
of
Connecticut,
Series
A
(GO)
4.00%,
04/15/36 (c)
250
258,612
State
of
Connecticut,
Special
Tax
Obligation,
Series
A
(RB)
5.00%,
08/01/28 (c)
250
257,422
State
of
Connecticut,
Special
Tax
Obligation,
Series
B
(RB)
5.00%,
10/01/26
250
264,782
780,816
Hawaii
:
2.8%
City
and
County
of
Honolulu,
Wastewater
System,
Series
A
(RB)
4.00%,
07/01/33 (c)
510
521,339
Underline
Massachusetts
:
3.3%
Commonwealth
of
Massachusetts
Federal
Highway
Grant
Anticipation
Notes,
Series
A
(RB)
5.00%,
06/15/27 (c)
250
251,788
Commonwealth
of
Massachusetts,
Series
B
(GO)
5.00%,
11/01/24
360
365,594
617,382
Michigan
:
1.3%
Michigan
Finance
Authority,
Trinity
Health
Credit
Group,
Series
A
(RB)
4.00%,
12/01/49 (c)
250
241,510
Underline
Nevada
:
1.3%
Las
Vegas
Valley
Water
District,
Series
A
(GO)
4.00%,
06/01/46 (c)
250
248,379
Underline
New
York
:
28.1%
City
of
New
York,
Series
B-1
(GO)
5.00%,
10/01/37 (c)
250
266,266
Long
Island
Power
Authority,
Electric
System,
Series
B
(RB)
5.00%,
09/01/46 (c)
500
516,336
Long
Island
Power
Authority,
Electric
System,
Series
C
(RB)
5.25%,
09/01/29
255
287,735
Metropolitan
Transportation
Authority
(RB)
4.25%,
11/15/42 (c)
325
325,002
Metropolitan
Transportation
Authority,
Series
B
(RB)
4.25%,
11/15/39 (c)
240
240,018
Nassau
County
Interim
Finance
Authority,
Public
Benefit
Corp.,
Series
A
(RB)
5.00%,
11/15/24
250
254,062
VANECK
HIP
SUSTAINABLE
MUNI
ETF
SCHEDULE
OF
INVESTMENTS
(unaudited)
(continued)
2
Par
(000’s)
Value
New
York
(continued)
New
York
City
Municipal
Water
Finance
Authority,
Water
&
Sewer
System,
Series
GG
(RB)
5.00%,
06/15/39 (c)
$
400
$
406,875
New
York
City
Municipal
Water
Finance
Authority,
Water
and
Sewer
System,
Series
BB
(RB)
4.00%,
06/15/45 (c)
250
251,335
New
York
City
Transitional
Finance
Authority
Future
Tax,
Series
B-1
(RB)
5.00%,
08/01/42 (c)
300
301,199
New
York
City
Transitional
Finance
Authority
Future
Tax,
Series
E-1
(RB)
5.00%,
02/01/41 (c)
250
253,196
New
York
State
Dormitory
Authority
(RB)
(BAM)
4.00%,
02/15/37 (c)
280
290,866
New
York
State
Dormitory
Authority,
New
School,
Series
A
(RB)
5.00%,
07/01/27 (c)
250
262,012
New
York
State
Dormitory
Authority,
Personal
Income
Tax,
Series
A
(RB)
5.00%,
03/15/29 (c)
250
255,009
New
York
State
Dormitory
Authority,
State
Sales
Tax,
Series
A
(RB)
5.00%,
03/15/38 (c)
275
288,281
New
York
State
Urban
Development
Corp.,
Personal
Income
Tax,
Series
A
(RB)
5.00%,
03/15/42 (c)
250
274,623
Port
Authority
of
New
York
&
New
Jersey
(RB)
5.00%,
11/15/42 (c)
500
514,380
Triborough
Bridge
&
Tunnel
Authority,
Payroll
Mobility
Tax,
Series
C
(RB)
4.00%,
05/15/46 (c)
250
249,918
5,237,113
North
Carolina
:
1.7%
University
of
North
Carolina,
Hospitals
at
Chapel
Hill
(RB)
5.00%,
02/01/45
265
315,275
Underline
Ohio
:
2.6%
County
of
Franklin
OH
(RB)
4.12%,
05/15/45 (c)
250
249,243
County
of
Franklin,
Hospital
Facilities,
Series
A
(RB)
(XLCA)
4.00%,
05/15/47 (c)
250
242,694
491,937
Par
(000’s)
Value
Oregon
:
1.4%
Oregon
State,
Department
of
Administrative
Services,
State
Lottery,
Series
D
(RB)
5.00%,
04/01/29 (c)
$
250
$
255,473
Underline
Pennsylvania
:
4.6%
Commonwealth
of
Pennsylvania,
2nd
Series
(GO)
(AGM)
4.00%,
08/15/29 (c)
250
253,622
Pennsylvania
Turnpike
Commission,
Series
B
(RB)
4.00%,
12/01/46 (c)
250
247,069
5.00%,
12/01/51 (c)
330
354,204
854,895
South
Dakota
:
1.4%
South
Dakota
Housing
Development
Authority,
Series
A
(RB)
4.55%,
05/01/48 (c)
250
252,416
Underline
Washington
:
6.8%
City
of
Seattle,
City
Light
Department,
Series
A
(RB)
4.00%,
07/01/51 (c)
250
246,572
King
County,
Washington
Public
Hospital
District
No.
1
(GO)
5.00%,
12/01/32 (c)
250
259,638
King
County,
Washington
School
District
No.
414
(GO)
(SBG)
4.00%,
12/01/30 (c)
250
256,105
Port
of
Seattle,
First
Lien
(RB)
5.00%,
09/01/24
250
251,921
State
of
Washington,
Various
Purpose,
Series
D
(GO)
5.00%,
02/01/25 (c)
250
250,170
1,264,406
Wisconsin
:
2.9%
State
of
Wisconsin,
Department
of
Transportation
(RB)
5.00%,
07/01/28 (c)
265
284,492
Wisconsin
Health
&
Educational
Facilities
Authority,
Aspipus
,
Inc.
(RB)
4.00%,
08/15/38 (c)
250
250,041
534,533
Total
Municipal
Bonds:
96.8%
(Cost:
$18,816,231)
18,015,223
Other
assets
less
liabilities:
3.2%
601,508
NET
ASSETS:
100.0%
$
18,616,731
3
FootnoteRuleAboveBlank
Footnotes:
Definitions:
AGM
Assured
Guaranty
Municipal
Corp.
BAM
Build
America
Assurance
Co.
CP
Certificate
of
Participation
GO
General
Obligation
RB
Revenue
Bond
SAW
State
Aid
Withholding
SBG
School
Board
Guaranteed
XLCA
Syncora
Guarantee,
Inc.
(c)
Callable
Security
—
the
redemption
date
shown
is
when
the
security
may
be
redeemed
by
the
issuer
Summary
of
Investments
by
Sector
%
of
Investments
Value
State
GO
18.8
%
$
3,378,140
Tax
16.5
2,973,849
Hospitals
11.6
2,084,147
Local
GO
10.1
1,822,407
Transportation
7.4
1,331,320
Water
&
Sewer
6.6
1,179,549
Education
6.5
1,165,760
Power
5.8
1,050,643
Airport
5.0
899,026
Toll
&
Turnpike
3.3
601,273
Leasing
COPS
&
Appropriations
2.8
508,020
Refunded
1.4
257,287
Utilities
-
Other
1.4
255,913
Miscellaneous
1.4
255,473
Single
Family
Housing
1.4
252,416
100.0
%
$
18,015,223