UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

 

MANAGEMENT INVESTMENT COMPANIES

 

INVESTMENT COMPANY ACT FILE NUMBER: 811-10325

 

 

 

VANECK VECTORS ETF TRUST

(Exact name of registrant as specified in its charter)

 

 

  666 Third Avenue - New York, NY   10017  
  (Address of principal executive offices)   (Zip Code)  

 

 

 

VanEck Associates Corporation

666 Third Avenue

New York, NY 10017

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: (212) 293-2000

Date of fiscal year end:   September 30
Date of reporting period:   June 30, 2018

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1 -5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

 

A registrant is required to disclose the information specified by Form N -Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

ITEM 1. Schedule of Investments.

 

VANECK VECTORS BIOTECH ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
COMMON STOCKS: 100.0%
Ireland: 1.3%    
 124,620   Alkermes Plc (USD) *  $5,129,359 
Netherlands: 3.9%    
 442,079   QIAGEN NV (USD) *   15,985,577 
Spain: 3.0%    
 576,179   Grifols SA (ADR)   12,387,848 
United States: 91.8%    
 151,945   Alexion Pharmaceuticals, Inc. *   18,863,972 
 131,049   Allergan Plc   21,848,489 
 78,195   Alnylam Pharmaceuticals, Inc. *   7,701,426 
 219,041   Amgen, Inc.   40,432,778 
 75,670   Biogen Idec, Inc. *   21,962,461 
 198,678   BioMarin Pharmaceutical, Inc. *   18,715,468 
 35,087   Bluebird Bio, Inc. * †   5,506,905 
 283,259   Celgene Corp. *   22,496,430 
 93,174   Charles River Laboratories International, Inc. *   10,459,713 
 508,134   Gilead Sciences, Inc.   35,996,213 
 71,384   Illumina, Inc. *   19,936,837 
 267,338   Incyte Corp. *   17,911,646 
 136,696   Ionis Pharmaceuticals, Inc. * †   5,696,122 
 176,739   IQVIA Holdings, Inc. *   17,642,087 
 186,663   Nektar Therapeutics *   9,114,754 
 123,542   Neurocrine Biosciences, Inc. *   12,136,766 
 58,154   Regeneron Pharmaceuticals, Inc. *   20,062,548 
 164,106   Seattle Genetics, Inc. *   10,894,997 
 127,455   Shire Plc (ADR)   21,514,404 
 46,910   TESARO, Inc. * †   2,086,088 
 81,292   United Therapeutics Corp. *   9,198,190 
 139,496   Vertex Pharmaceuticals, Inc. *   23,708,740 
         373,887,034 
Total Common Stocks
(Cost: $474,138,704)		   407,389,818 
MONEY MARKET FUND: 0.0%
(Cost: $205,907)		     
 205,907   Dreyfus Government Cash Management Fund - Institutional Shares   205,907 
Total Investments Before Collateral for Securities Loaned: 100.0%
(Cost: $474,344,611)		   407,595,725 
      
Principal
Amount		         
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.4%     
Repurchase Agreements: 1.4%     
$1,333,824   Repurchase agreement dated 6/29/18 with Citigroup Global Markets, Inc., 2.12%, due 7/2/18, proceeds $1,334,060; (collateralized by various U.S. government and agency obligations, 0.00% to 8.75%, due 7/5/18 to 8/20/67, valued at $1,360,501 including accrued interest)   1,333,824 
 280,506   Repurchase agreement dated 6/29/18 with Credit Agricole CIB, 2.07%, due 7/2/18, proceeds $280,554; (collateralized by various U.S. government and agency obligations, 0.00% to 1.63%, due 2/15/26 to 5/15/44, valued at $286,116 including accrued interest)   280,506 
 1,333,824   Repurchase agreement dated 6/29/18 with Deutsche Bank Securities, Inc., 2.12%, due 7/2/18, proceeds $1,334,060; (collateralized by various U.S. government and agency obligations, 0.00% to 7.25%, due 7/27/18 to 9/6/44, valued at $1,360,501 including accrued interest)   1,333,824 
 1,333,824   Repurchase agreement dated 6/29/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.12%, due 7/2/18, proceeds $1,334,060; (collateralized by U.S. government and agency obligations 4.00%, due 6/20/47, valued at $1,360,500 including accrued interest)   1,333,824 
 1,333,824   Repurchase agreement dated 6/29/18 with RBC Capital Markets LLC, 2.10%, due 7/2/18, proceeds $1,334,057; (collateralized by various U.S. government and agency obligations, 2.00% to 8.00%, due 8/1/19 to 7/1/48, valued at $1,360,500 including accrued interest)   1,333,824 

Total Short-Term Investments Held as Collateral for Securities on Loan

(Cost: $5,615,802)

   5,615,802 

Total Investments: 101.4%

(Cost: $479,960,413)

   413,211,527 
Liabilities in excess of other assets: (1.4)%   (5,802,445)
NET ASSETS: 100.0%  $407,409,082 

 

Definitions:
ADR American Depositary Receipt
USD United States Dollar
   
Footnotes:
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $5,486,101.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Biotechnology   60.2%  $245,372,802 
Health Care   28.3    115,634,889 
Life Sciences Tools & Services   11.4    46,382,127 
Money Market Fund   0.1    205,907 
    100.0%  $407,595,725 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks*  $407,389,818   $—   $—   $407,389,818 
Money Market Fund   205,907    —    —    205,907 
Repurchase Agreements   —    5,615,802    —    5,615,802 
Total  $407,595,725   $5,615,802   $—   $413,211,527 

 

* See Schedule of Investments for geographic sector breakouts.

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS ENVIRONMENTAL SERVICES ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
COMMON STOCKS: 100.1%    
United Kingdom: 9.9%     
 21,236   Steris Plc (USD)  $2,229,992 
United States: 90.2%     
 28,643   ABM Industries, Inc.   835,803 
 36,233   Advanced Disposal Services, Inc. *   897,854 
 8,578   Cantel Medical Corp.   843,732 
 17,185   Casella Waste Systems, Inc. *   440,108 
 74,866   Ceco Environmental Corp.   459,677 
 16,181   Clean Harbors, Inc. *   898,855 
 51,322   Covanta Holding Corp.   846,813 
 44,288   Darling International, Inc. *   880,445 
 19,071   Donaldson Company, Inc.   860,484 
 42,477   Evoqua Water Technologies Corp. *   870,778 
 22,685   Heritage-Crystal Clean, Inc. *   455,968 
 44,699   Newpark Resources, Inc. *   484,984 
 32,800   Republic Services, Inc.   2,242,208 
 13,075   Schnitzer Steel Industries, Inc.   440,628 
 13,812   Stericycle, Inc. *   901,785 
 11,309   Tennant Co. †   893,411 
 19,184   Tenneco, Inc.   843,329 
 15,030   Tetra Tech, Inc.   879,255 
 14,038   US Ecology, Inc.   894,221 
 29,946   Waste Connections, Inc.   2,254,335 
 27,912   Waste Management, Inc.   2,270,362 
         20,395,035 
Total Common Stocks
(Cost: $19,771,495)		   22,625,027 
MONEY MARKET FUND: 0.4%
(Cost: $83,229)		     
 83,229   Dreyfus Government Cash Management Fund - Institutional Shares   83,229 
Total Investments Before Collateral for Securities Loaned: 100.5%
(Cost: $19,854,724)		   22,708,256 
      
Principal
Amount		         
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.1%
(Cost: $27,556)		     
Repurchase Agreement: 0.1%     
$27,556   Repurchase agreement dated 6/29/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.10%, due 7/2/18, proceeds $27,561; (collateralized by various U.S. government and agency obligations, 0.13% to 1.63%, due 8/31/22 to 7/15/24, valued at $28,107 including accrued interest)   27,556 
Total Investments: 100.6%
(Cost: $19,882,280)		   22,735,812 
Liabilities in excess of other assets: (0.6)%   (136,052)
NET ASSETS: 100.0%  $22,599,760 

 

Definitions:
USD United States Dollar
   
Footnotes:
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $26,307.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Consumer Discretionary   3.7%  $843,329 
Consumer Staples   3.9    880,445 
Energy   2.1    484,984 
Health Care   13.5    3,073,724 
Industrials   74.4    16,901,917 
Materials   2.0    440,628 
Money Market Fund   0.4    83,229 
    100.0%  $22,708,256 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks*  $22,625,027   $—   $—   $22,625,027 
Money Market Fund   83,229    —    —    83,229 
Repurchase Agreement   —    27,556    —    27,556 
Total  $22,708,256   $27,556   $—   $22,735,812 

 

* See Schedule of Investments for geographic sector breakouts.

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS GAMING ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
COMMON STOCKS: 100.0%     
Australia: 13.3%       
 110,435   Aristocrat Leisure Ltd. #  $2,517,956 
 71,085   Crown Ltd. #   708,124 
 124,940   Star Entertainment Group Ltd. #   454,355 
 362,610   TABCORP Holdings Ltd. #   1,193,442 
         4,873,877 
Cambodia: 0.8%       
 334,000   Nagacorp Ltd. #   302,926 
Canada: 3.0%     
 9,648   Great Canadian Gaming Corp. *   341,415 
 20,699   Stars Group, Inc. (USD) *   751,374 
         1,092,789 
China / Hong Kong: 25.2%     
 371,240   Galaxy Entertainment Group Ltd. #   2,861,741 
 16,140,000   Landing International Development Ltd. * #   245,588 
 46,696   Melco Crown Entertainment Ltd. (ADR)   1,307,488 
 138,000   Melco International Development Ltd. #   423,337 
 183,700   MGM China Holdings Ltd. #   424,766 
 476,400   Sands China Ltd. #   2,539,922 
 472,000   SJM Holdings Ltd. #   585,400 
 262,400   Wynn Macau Ltd. #   840,915 
         9,229,157 
Greece: 1.4%     
 46,952   OPAP SA #   529,267 
Ireland: 3.9%     
 12,997   Paddy Power Betfair Plc   1,441,592 
Japan: 3.6%     
 12,500   Heiwa Corp. #   301,392 
 10,079   Sankyo Co. Ltd. #   393,960 
 37,400   Sega Sammy Holdings, Inc. #   639,830 
         1,335,182 
Malaysia: 2.1%     
 633,998   Genting Malaysia Bhd #   765,584 
Malta: 1.1%     
 32,354   Kindred Group Plc (LDR) #   405,810 
New Zealand: 0.7%     
 98,641   Sky City Entertainment Group Ltd. #   269,580 
Singapore: 3.0%     
 1,243,700   Genting Singapore Ltd.   1,112,808 
South Africa: 0.6%     
 133,621   Tsogo Sun Holdings Ltd. #   199,673 
South Korea: 1.9%     
 21,619   Kangwon Land, Inc. #   507,317 
 11,188   Paradise Co. Ltd. #   181,044 
         688,361 
Sweden: 1.0%     
 22,541   Betsson AB #   136,797 
 43,089   NetEnt AB #   229,148 
         365,945 
United Kingdom: 6.4%     
 87,615   GVC Holdings Plc #   1,211,997 
 44,617   Playtech Ltd. #   442,584 
 168,254   William Hill Plc #   672,257 
         2,326,838 
United States: 32.0%     
 13,351   Boyd Gaming Corp.   462,746 
 72,092   Caesars Entertainment Corp. *   771,384 
 1,814   Churchill Downs, Inc.   537,851 
 9,163   Eldorado Resorts, Inc. * †   358,273 
 31,893   Gaming and Leisure Properties, Inc.   1,141,769 
 21,949   International Game Technology Plc †   510,095 
 39,520   Las Vegas Sands Corp.   3,017,747 
 74,124   MGM Resorts International   2,151,820 
 12,108   Penn National Gaming, Inc. *   406,708 
 7,575   Scientific Games Corp. *   372,311 
 11,942   Wynn Resorts Ltd.   1,998,374 
         11,729,078 
Total Common Stocks
(Cost: $38,382,990)		   36,668,467 
RIGHTS: 0.0%
(Cost: $0)		     
United Kingdom: 0.0%     
 323,603   GVC Holdings Plc (a) * #   0 
MONEY MARKET FUND: 0.1%
(Cost: $18,921)		     
 18,920   Dreyfus Government Cash Management Fund - Institutional Shares   18,921 
Total Investments Before Collateral for Securities Loaned: 100.1%
(Cost: $38,401,911)		   36,687,388 
      
Principal
Amount		         
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 2.3%
(Cost: $850,657)		     
Repurchase Agreement: 2.3%     
$850,657   Repurchase agreement dated 6/29/18 with Nomura Securities International, Inc., 2.12%, due 7/2/18, proceeds $850,807; (collateralized by various U.S. government and agency obligations, 0.00% to 9.00%, due 7/15/18 to 5/20/68, valued at $867,670 including accrued interest)   850,657 
Total Investments: 102.4%
(Cost: $39,252,568)		   37,538,045 
Liabilities in excess of other assets: (2.4)%   (865,043)
NET ASSETS: 100.0%  $36,673,002 

 

Definitions:
ADR American Depositary Receipt
LDR Local Depositary Receipt
USD United States Dollar
   
Footnotes:
(a) Contingent Value Right
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $824,904.
# Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $19,984,712 which represents 54.5% of net assets.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Consumer Discretionary   95.5%  $35,051,962 
Information Technology   1.3    474,736 
Real Estate   3.1    1,141,769 
Money Market Fund   0.1    18,921 
    100.0%  $36,687,388 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks                    
Australia  $—   $4,873,877   $—   $4,873,877 
Cambodia   —    302,926    —    302,926 
Canada   1,092,789    —    —    1,092,789 
China / Hong Kong   1,307,488    7,921,669    —    9,229,157 
Greece   —    529,267    —    529,267 
Ireland   1,441,592    —    —    1,441,592 
Japan   —    1,335,182    —    1,335,182 
Malaysia   —    765,584    —    765,584 
Malta   —    405,810    —    405,810 
New Zealand   —    269,580    —    269,580 
Singapore   1,112,808    —    —    1,112,808 
South Africa   —    199,673    —    199,673 
South Korea   —    688,361    —    688,361 
Sweden   —    365,945    —    365,945 
United Kingdom   —    2,326,838    —    2,326,838 
United States   11,729,078    —    —    11,729,078 
Rights*   —    0    —    0 
Money Market Fund   18,921    —    —    18,921 
Repurchase Agreement   —    850,657    —    850,657 
Total  $16,702,676   $20,835,369   $—   $37,538,045 

 

* See Schedule of Investments for geographic sector breakouts.

 

During the period ended June 30, 2018, transfers of securities from Level 1 to Level 2 were $3,932,658. These transfers resulted primarily from changes in certain foreign securities valuation methodologies between the last close of the securities’ primary market (Level 1) and valuation by a pricing service (Level 2), which takes into account market direction or events occurring before the Fund’s pricing time but after the last local close, as described in the Notes to Schedules of Investments.

 

See Notes to Schedules of Investments

 

VANECK VECTORS GENERIC DRUGS ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
 of Shares		      Value 
COMMON STOCKS: 100.0%     
Belgium: 4.3%     
 2,057   UCB SA #  $161,214 
China / Hong Kong: 13.7%     
 66,000   CSPC Pharmaceutical Group Ltd. #   198,189 
 1,600   Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. #   7,041 
 5,000   Shanghai Fosun Pharmaceutical Group Co. Ltd. #   27,336 
 9,700   Shanghai Pharmaceuticals Holding Co. Ltd. #   26,698 
 133,500   Sino Biopharmaceutical Ltd. #   203,886 
 12,800   Sinopharm Group Co. Ltd.   51,474 
         514,624 
Finland: 0.8%     
 1,102   Orion OYJ #   29,632 
Germany: 1.7%     
 659   Stada Arzneimittel AG   61,892 
Hungary: 1.0%     
 1,971   Richter Gedeon Nyrt #   35,905 
India: 16.4%     
 6,197   Aurobindo Pharma Ltd. #   54,950 
 6,346   Biocon Ltd. #   57,379 
 10,829   Cadila Healthcare Ltd. * #   59,783 
 8,516   Cipla Ltd. #   76,497 
 1,754   Dr Reddy’s Laboratories Ltd. (ADR)   56,479 
 4,782   Lupin Ltd. #   63,098 
 25,378   Sun Pharmaceuticals Industries Ltd. #   209,213 
 1,790   Torrent Pharmaceuticals Ltd. #   36,577 
         613,976 
Indonesia: 1.1%     
 495,800   Kalbe Farma Tbk PT #   42,171 
Ireland: 6.7%     
 1,652   Alkermes Plc (USD) *   67,996 
 572   ICON Plc (USD) *   75,807 
 1,490   Perrigo Co. Plc (USD)   108,636 
         252,439 
Israel: 8.3%     
 424   Taro Pharmaceutical Industries Ltd. (USD) *   49,053 
 10,756   Teva Pharmaceutical Industries Ltd. (ADR)   261,586 
         310,639 
Japan: 8.7%     
 1,000   Hisamitsu Pharmaceutical Co., Inc. #   84,222 
 6,100   Kyowa Hakko Kirin Co. Ltd. #   122,727 
 1,000   Taisho Pharmaceutical Holdings Co. Ltd. #   116,931 
         323,880 
Jordan: 1.3%     
 2,546   Hikma Pharmaceuticals Plc (GBP) #   50,238 
South Africa: 2.4%     
 4,828   Aspen Pharmacare Holdings Ltd. #   90,724 
South Korea: 8.2%     
 981   Celltrion, Inc. * #   266,523 
 672   Hanmi Science Co. Ltd. #   38,948 
         305,471 
Switzerland: 5.6%     
 788   Lonza Group AG #   207,670 
United States: 19.8%     
 1,170   Albemarle Corp.   110,366 
 502   Charles River Laboratories International, Inc. *   56,355 
 2,203   IQVIA Holdings, Inc. *   219,903 
 913   Mallinckrodt Plc * †   17,037 
 5,445   Mylan NV *   196,782 
 5,918   Opko Health, Inc. * †   27,815 
 675   PRA Health Sciences, Inc. *   63,018 
 1,104   Syneos Health, Inc. *   51,778 
         743,054 
Total Common Stocks
(Cost: $3,518,124)		   3,743,529 
MONEY MARKET FUND: 0.8%
(Cost: $29,277)		     
 29,277   Dreyfus Government Cash Management Fund - Institutional Shares   29,277 
Total Investments Before Collateral for Securities Loaned: 100.8%
(Cost: $3,547,401)		   3,772,806 
      
Principal
Amount		         
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.2%
(Cost: $45,277)		     
Repurchase Agreement: 1.2%     
$45,277   Repurchase agreement dated 6/29/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.10%, due 7/2/18, proceeds $45,285; (collateralized by various U.S. government and agency obligations, 0.13% to 1.63%, due 8/31/22 to 7/15/24, valued at $46,183 including accrued interest)   45,277 
Total Investments: 102.0%
(Cost: $3,592,678)		   3,818,083 
Liabilities in excess of other assets: (2.0)%   (73,611)
NET ASSETS: 100.0%  $3,744,472 

 

Definitions:
ADR American Depositary Receipt
GBP British Pound
USD United States Dollar
   
Footnotes:
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $42,602.
# Indicates a fair valued security which has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $2,267,552 which represents 60.6% of net assets.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Biotechnology   11.1%  $419,713 
Health Care Distributors   2.1    78,172 
Life Sciences Tools & Services   17.9    674,531 
Pharmaceuticals   65.2    2,460,747 
Specialty Chemicals   2.9    110,366 
Money Market Fund   0.8    29,277 
    100.0%  $3,772,806 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks                    
Belgium  $—   $161,214   $—   $161,214 
China / Hong Kong   51,474    463,150    —    514,624 
Finland   —    29,632    —    29,632 
Germany   61,892    —    —    61,892 
Hungary   —    35,905    —    35,905 
India   56,479    557,497    —    613,976 
Indonesia   —    42,171    —    42,171 
Ireland   252,439    —    —    252,439 
Israel   310,639    —    —    310,639 
Japan   —    323,880    —    323,880 
Jordan   —    50,238    —    50,238 
South Africa   —    90,724    —    90,724 
South Korea   —    305,471    —    305,471 
Switzerland   —    207,670    —    207,670 
United States   743,054    —    —    743,054 
Money Market Fund   29,277    —    —    29,277 
Repurchase Agreement   —    45,277    —    45,277 
Total  $1,505,254   $2,312,829   $—   $3,818,083 

 

During the period ended June 30, 2018, transfers of securities from Level 1 to Level 2 were $154,390, and transfers of securities from Level 2 to Level 1 were $53,386. These transfers resulted primarily from changes in certain foreign securities valuation methodologies between the last close of the securities’ primary market (Level 1) and valuation by a pricing service (Level 2), which takes into account market direction or events occurring before the Fund’s pricing time but after the last local close, as described in the Notes to Schedules of Investments.

 

See Notes to Schedules of Investments

 

VANECK VECTORS MORNINGSTAR INTERNATIONAL MOAT ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
 of Shares		      Value 
COMMON STOCKS: 100.1%     
Australia: 7.0%     
 136,959   Brambles Ltd. #  $897,714 
 149,882   IOOF Holdings Ltd. #   992,222 
 59,043   Magellan Financial Group Ltd. #   1,014,509 
 50,112   National Australia Bank Ltd. #   1,015,855 
 218,868   Platinum Asset Management Ltd. † #   928,273 
 246,635   TPG Telecom Ltd. #   941,241 
 48,019   Westpac Banking Corp. #   1,041,136 
         6,830,950 
Belgium: 1.0%     
 12,973   KBC Group NV #   996,115 
Canada: 6.1%     
 11,417   Canadian Imperial Bank of Commerce †   992,549 
 52,821   CI Financial Corp.   948,847 
 83,282   Comeco Corp.   936,365 
 20,934   National Bank of Canada   1,004,488 
 18,912   Nutrien Ltd.   1,028,231 
 24,424   TransCanada Corp.   1,056,093 
         5,966,573 
China / Hong Kong: 18.1%     
 1,926,000   Agricultural Bank of China Ltd. #   898,937 
 167,000   Anta Sports Products Ltd. #   880,659 
 3,766,000   Bank of China Ltd. #   1,867,689 
 1,396,000   Beijing Capital International Airport Co. Ltd. #   1,466,429 
 367,500   Beijing Enterprises Holdings Ltd. #   1,784,362 
 320,000   China Resources Gas Group Ltd. #   1,383,449 
 235,000   CK Asset Holdings Ltd. #   1,860,369 
 152,600   Hongkong Land Holdings Ltd. (USD) #   1,090,927 
 2,390,000   Industrial & Commercial Bank of China Ltd. #   1,782,592 
 10,971   SINA Corp. (USD) *   929,134 
 125,000   Sun Hung Kai Properties Ltd. #   1,883,278 
 18,700   Tencent Holdings Ltd. #   939,046 
 24,590   Yum China Holdings, Inc. (USD)   945,731 
         17,712,602 
France: 3.1%     
 118,647   Orange SA #   1,980,050 
 27,150   Scor SE #   1,003,821 
         2,983,871 
Germany: 10.4%     
 8,977   Bayer AG #   985,676 
 19,664   Bayerische Motoren Werke AG #   1,777,098 
 23,829   GEA Group AG #   802,347 
 21,107   HeidelbergCement AG #   1,771,902 
 23,502   KION Group AG #   1,686,600 
 15,486   Siemens AG #   2,039,935 
 13,136   Symrise AG #   1,148,818 
         10,212,376 
Italy: 0.8%     
 1,035,646   Telecom Italia SpA * #   767,127 
Japan: 17.9%     
 19,900   Denso Corp. #   970,567 
 11,300   East Japan Railway Co. #   1,081,661 
 9,200   FANUC Corp. #   1,822,726 
 11,300   Hoshizaki Corp. #   1,141,490 
 14,700   Kao Corp. #   1,119,951 
 37,500   KDDI Corp. #   1,024,971 
 122,800   Kubota Corp. #   1,926,468 
 54,500   LINE Corp. * #   2,249,126 
 6,600   Murata Manufacturing Co. Ltd. #   1,107,484 
 32,000   Nabtesco Corp. #   982,753 
 6,600   Nidec Corp. #   986,846 
 24,800   Seven & i Holdings Co. Ltd. #   1,081,181 
 12,700   SoftBank Group Corp. #   906,474 
 38,000   Unicharm Corp. #   1,141,925 
         17,543,623 
Luxembourg: 1.9%     
 30,720   Millicom International Cellular SA (SEK) † #   1,807,650 
Mexico: 3.3%     
 1,322,300   America Movil SAB de CV   1,114,713 
 208,700   Grupo Aeroportuario del Centro Norte SAB de CV   1,099,681 
 104,300   Grupo Aeroportuario del Pacifico SAB de CV   975,782 
         3,190,176 
Netherlands: 3.1%     
 331,312   Koninklijke KPN NV #   900,704 
 49,234   Koninklijke Philips NV #   2,085,499 
         2,986,203 
Singapore: 4.9%     
 757,300   CapitaLand Ltd. #   1,751,486 
 1,291,400   CapitaLand Mall Trust #   1,961,540 
 1,251,800   Genting Singapore Ltd.   1,120,056 
         4,833,082 
South Korea: 2.0%     
 9,531   SK Telecom Co. Ltd. #   1,992,070 
Spain: 4.3%     
 125,134   Banco Bilbao Vizcaya Argentaria SA #   882,328 
 85,297   Gas Natural SDG SA † #   2,254,416 
 36,213   Grifols SA #   1,085,175 
         4,221,919 
Sweden: 1.8%     
 95,629   Nordea Bank AB #   918,432 
 74,059   Svenska Handelsbanken AB #   821,222 
         1,739,654 
Switzerland: 2.9%     
 65,297   Credit Suisse Group AG #   973,785 
 18,616   LafargeHolcim Ltd. #   902,737 
 65,683   UBS Group AG #   1,004,257 
         2,880,779 
United Kingdom: 9.5%     
 49,795   GlaxoSmithKline PCL #   1,004,295 
 2,270,440   Lloyds Banking Group Plc #   1,884,538 
 163,834   Meggitt Plc #   1,063,554 
 174,237   Rolls-Royce Holdings Plc   2,270,312 
 5,890,586   Rolls-Royce Holdings Plc - C Shares * # §   7,777 
 47,320   Smiths Group Plc #   1,057,409 
 20,064   Unilever Plc #   1,108,765 
 367,600   Vodafone Group Plc #   890,772 
         9,287,422 
United States: 2.0%     
 246,300   Samsonite International SA (HKD) #   868,252 
 18,976   Shire Plc (GBP) #   1,069,491 
         1,937,743 
Total Common Stocks
(Cost: $99,486,856)		   97,889,935 
      
Principal
Amount		         
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 3.2%     
Repurchase Agreements: 3.2%     
$1,000,000   Repurchase agreement dated 6/29/18 with Citigroup Global Markets, Inc., 2.12%, due 7/2/18, proceeds $1,000,177; (collateralized by various U.S. government and agency obligations, 0.00% to 8.75%, due 7/5/18 to 8/20/67, valued at $1,020,000 including accrued interest)   1,000,000 
 1,000,000   Repurchase agreement dated 6/29/18 with Deutsche Bank Securities, Inc., 2.12%, due 7/2/18, proceeds $1,000,177; (collateralized by various U.S. government and agency obligations, 0.00% to 7.25%, due 7/27/18 to 9/6/44, valued at $1,020,000 including accrued interest)   1,000,000 
 158,924   Repurchase agreement dated 6/29/18 with J.P. Morgan Securities LLC , 2.10%, due 7/2/18, proceeds $158,952; (collateralized by various U.S. government and agency obligations, 1.25% to 2.63%, due 1/31/20 to 11/30/21, valued at $162,104 including accrued interest)   158,924 
 1,000,000   Repurchase agreement dated 6/29/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.10%, due 7/2/18, proceeds $1,000,175; (collateralized by various U.S. government and agency obligations, 0.13% to 1.63%, due 8/31/22 to 7/15/24, valued at $1,020,000 including accrued interest)   1,000,000 
Total Short-Term Investments Held as Collateral for Securities on Loan
(Cost: $3,158,924)		   3,158,924 
Total Investments: 103.3%
(Cost: $102,645,780)		   101,048,859 
Liabilities in excess of other assets: (3.3)%   (3,263,657)
NET ASSETS: 100.0%  $97,785,202 

 

Definitions:
GBP British Pound
HKD Hong Kong Dollar
SEK Swedish Krona
USD United States Dollar
   
Footnotes:
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $3,033,511.
# Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $83,467,953 which represents 85.4% of net assets.
§ Illiquid Security — the aggregate value of illiquid securities is $7,777 which represents 0.0% of net assets.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Consumer Discretionary   6.7%  $6,562,363 
Consumer Staples   4.6    4,451,822 
Energy   2.0    1,992,458 
Financials   21.4    20,971,595 
Health Care   6.4    6,230,136 
Industrials   21.8    21,309,484 
Information Technology   5.3    5,224,790 
Materials   5.0    4,851,688 
Real Estate   8.7    8,547,600 
Telecommunication Services   12.6    12,325,772 
Utilities   5.5    5,422,227 
    100.0%  $97,889,935 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks                    
Australia  $—   $6,830,950   $—   $6,830,950 
Belgium   —    996,115    —    996,115 
Canada   5,966,573    —    —    5,966,573 
China / Hong Kong   1,874,865    15,837,737    —    17,712,602 
France   —    2,983,871    —    2,983,871 
Germany   —    10,212,376    —    10,212,376 
Italy   —    767,127    —    767,127 
Japan   —    17,543,623    —    17,543,623 
Luxembourg   —    1,807,650    —    1,807,650 
Mexico   3,190,176    —    —    3,190,176 
Netherlands   —    2,986,203    —    2,986,203 
Singapore   1,120,056    3,713,026    —    4,833,082 
South Korea   —    1,992,070    —    1,992,070 
Spain   —    4,221,919    —    4,221,919 
Sweden   —    1,739,654    —    1,739,654 
Switzerland   —    2,880,779    —    2,880,779 
United Kingdom   —    9,287,422    —    9,287,422 
United States   —    1,937,743    —    1,937,743 
Repurchase Agreements   —    3,158,924    —    3,158,924 
Total  $12,151,670   $88,897,189   $—   $101,048,859 

 

During the period ended June 30, 2018, transfers of securities from Level 1 to Level 2 were $3,019,905. These transfers resulted primarily from changes in certain foreign securities valuation methodologies between the last close of the securities’ primary market (Level 1) and valuation by a pricing service (Level 2), which takes into account market direction or events occurring before the Fund’s pricing time but after the last local close, as described in the Notes to Schedules of Investments.

 

See Notes to Schedules of Investments

 

VANECK VECTORS MORNINGSTAR WIDE MOAT ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
 of Shares		      Value 
COMMON STOCKS: 100.1%     
Banks: 2.5%     
 639,974   Wells Fargo & Co.  $35,480,159 
Capital Goods: 3.7%     
 2,593,391   General Electric Co.   35,296,052 
 138,366   United Technologies Corp.   17,299,901 
         52,595,953 
Commercial & Professional Services: 1.3%     
 287,588   Stericycle, Inc. *   18,776,621 
Consumer Services: 3.4%     
 111,820   McDonald’s Corp.   17,521,076 
 612,079   Starbucks Corp.   29,900,059 
         47,421,135 
Diversified Financials: 4.6%     
 173,790   American Express Co.   17,031,420 
 322,363   Charles Schwab Corp.   16,472,749 
 973,678   Franklin Resources, Inc.   31,206,380 
         64,710,549 
Energy: 1.6%     
 343,583   Cheniere Energy, Inc. *   22,398,176 
Food, Beverage & Tobacco: 14.2%     
 954,651   Campbell Soup Co. †   38,701,552 
 777,085   General Mills, Inc.   34,393,782 
 376,673   Hershey Co.   35,053,189 
 869,853   Mondelez International, Inc.   35,663,973 
 338,591   PepsiCo, Inc.   36,862,402 
 228,335   Philip Morris International, Inc.   18,435,768 
         199,110,666 
Health Care Equipment & Services: 16.8%     
 387,506   AmerisourceBergen Corp.   33,042,637 
 584,733   Cardinal Health, Inc.   28,552,512 
 543,630   CVS Caremark Corp.   34,982,590 
 467,177   Express Scripts Holding Co. *   36,070,736 
 240,277   McKesson Corp.   32,052,952 
 427,027   Medtronic Plc   36,557,781 
 310,465   Zimmer Biomet Holdings, Inc.   34,598,220 
         235,857,428 
Household & Personal Products: 3.9%     
 280,449   Colgate-Palmolive Co.   18,175,900 
 468,895   The Procter and Gamble Co.   36,601,944 
         54,777,844 
Materials: 2.5%     
 545,012   Compass Minerals International, Inc. †   35,834,539 
Media: 8.4%     
 1,040,656   Comcast Corp.   34,143,923 
 941,432   Twenty-First Century Fox, Inc.   46,779,756 
 348,403   Walt Disney Co.   36,516,118 
         117,439,797 
Pharmaceuticals, Biotechnology: 18.0%     
 220,107   Allergan Plc   36,696,239 
 192,827   Amgen, Inc.   35,593,936 
 120,958   Biogen Idec, Inc. *   35,106,850 
 331,582   Bristol-Myers Squibb Co.   18,349,748 
 430,899   Eli Lilly & Co.   36,768,612 
 243,818   Gilead Sciences, Inc.   17,272,067 
 612,499   Merck and Co., Inc.   37,178,689 
 985,757   Pfizer, Inc.   35,763,264 
         252,729,405 
Retailing: 6.5%     
 22,113   Amazon.com, Inc. *   37,587,677 
 930,081   L Brands, Inc.   34,301,387 
 210,337   Lowe’s Cos, Inc.   20,101,907 
         91,990,971 
Semiconductor: 2.3%     
 355,999   Microchip Technology, Inc. †   32,378,109 
Software & Services: 7.7%     
 188,887   Guidewire Software, Inc. *   16,769,388 
 194,831   Microsoft Corp.   19,212,285 
 274,645   Salesforce.com, Inc. *   37,461,578 
 1,745,477   The Western Union Co.   35,485,547 
         108,928,798 
Utilities: 2.7%     
 550,283   Dominion Energy, Inc.   37,518,295 
Total Common Stocks
(Cost: $1,370,098,311)		   1,407,948,445 
      

Principal
Amount

         
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 4.2%     
Repurchase Agreements: 4.2%     
$13,910,250   Repurchase agreement dated 6/29/18 with Citigroup Global Markets, Inc., 2.12%, due 7/2/18, proceeds $13,912,707; (collateralized by various U.S. government and agency obligations, 0.00% to 8.75%, due 7/5/18 to 8/20/67, valued at $14,188,455 including accrued interest)   13,910,250 
 13,910,250   Repurchase agreement dated 6/29/18 with Deutsche Bank Securities, Inc., 2.12%, due 7/2/18, proceeds $13,912,707; (collateralized by various U.S. government and agency obligations, 0.00% to 7.25%, due 7/27/18 to 9/6/44, valued at $14,188,455 including accrued interest)   13,910,250 
 13,910,250   Repurchase agreement dated 6/29/18 with HSBC Securities USA, Inc., 2.10%, due 7/2/18, proceeds $13,912,684; (collateralized by U.S. government and agency obligations 2.38%, due 4/15/21, valued at $14,188,649 including accrued interest)   13,910,250 
 2,925,204   Repurchase agreement dated 6/29/18 with J.P. Morgan Securities LLC, 2.10%, due 7/2/18, proceeds $2,925,716; (collateralized by various U.S. government and agency obligations, 1.25% to 2.63%, due 1/31/20 to 11/30/21, valued at $2,983,733 including accrued interest)   2,925,204 
 13,910,250   Repurchase agreement dated 6/29/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.12%, due 7/2/18, proceeds $13,912,707; (collateralized by various U.S. government and agency obligations, 4.00% to 4.00%, due 6/20/47 to 6/20/47, valued at $14,188,455 including accrued interest)   13,910,250 
Total Short-Term Investments Held as Collateral for Securities on Loan
(Cost: $58,566,204)		   58,566,204 
Total Investments: 104.3%
(Cost: $1,428,664,515)		   1,466,514,649 
Liabilities in excess of other assets: (4.3)%   (59,997,508)
NET ASSETS: 100.0%  $1,406,517,141 

 

Footnotes:
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $57,131,979.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Consumer Discretionary   18.2%  $256,851,903 
Consumer Staples   18.0    253,888,510 
Energy   1.6    22,398,176 
Financials   7.1    100,190,708 
Health Care   34.7    488,586,833 
Industrials   5.1    71,372,574 
Information Technology   10.0    141,306,907 
Materials   2.6    35,834,539 
Utilities   2.7    37,518,295 
    100.0%  $1,407,948,445 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks*  $1,407,948,445   $—   $—   $1,407,948,445 
Repurchase Agreements   —    58,566,204    —    58,566,204 
Total  $1,407,948,445   $58,566,204   $—   $1,466,514,649 

 

* See Schedule of Investments for industry sector breakouts.

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS NDR CMG LONG/FLAT ALLOCATION ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		       Value 
EXCHANGE TRADED FUND: 80.2%
(Cost: $26,517,583)		    
  106,997    Vanguard S&P 500 ETF  $26,696,821 
             
Principal
Amount		          
SHORT-TERM INVESTMENTS: 19.5%     
United States Treasury Obligation: 19.4%
(Cost: $6,455,443)		     
  6,483,000    United States Treasury Bills 1.88%, 09/20/18   6,456,024 
             
Number
of Shares		          
Money Market Fund: 0.1%
(Cost: $26,057)		     
  26,057    Dreyfus Government Cash Management Fund - Institutional Shares   26,057 
Total Short-term Investments
(Cost: $6,481,500)		   6,482,081 
Total Investments: 99.7%
(Cost: $32,999,083)		   33,178,902 
Other assets less liabilities: 0.3%   100,043 
NET ASSETS: 100.0%  $33,278,945 

 

Summary of Investments
by Sector		  % of
Investments		  Value 
Exchange Traded Fund   80.5%  $26,696,821 
Government   19.4    6,456,024 
Money Market Fund   0.1    26,057 
    100.0%  $33,178,902 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Exchange Traded Fund  $26,696,821   $—   $—   $26,696,821 
Money Market Fund   26,057    —    —    26,057 
United States Treasury Obligation   —    6,456,024    —    6,456,024 
Total  $26,722,878   $6,456,024   $—   $33,178,902 

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS PHARMACEUTICAL ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
COMMON STOCKS: 99.8%     
Denmark: 5.0%     
 298,054   Novo-Nordisk AS (ADR)  $13,746,251 
France: 5.2%     
 361,195   Sanofi SA (ADR)   14,451,412 
Ireland: 10.2%     
 368,590   Endo International Plc (USD) *   3,475,804 
 71,695   Jazz Pharmaceuticals Plc (USD) *   12,353,049 
 171,640   Perrigo Co. Plc (USD)   12,514,272 
         28,343,125 
Israel: 5.1%     
 576,488   Teva Pharmaceutical Industries Ltd. (ADR)   14,020,188 
Switzerland: 5.1%     
 185,664   Novartis AG (ADR)   14,025,059 
United Kingdom: 12.2%     
 381,421   AstraZeneca Plc (ADR)   13,391,691 
 343,429   GlaxoSmithKline Plc (ADR)   13,843,623 
 47,146   GW Pharmaceuticals Plc (ADR) *   6,578,753 
         33,814,067 
United States: 57.0%     
 139,666   AbbVie, Inc.   12,940,055 
 170,845   Akorn, Inc. *   2,834,319 
 144,204   AmerisourceBergen Corp.   12,296,275 
 263,867   Bristol-Myers Squibb Co.   14,602,400 
 199,069   Catalent, Inc. *   8,339,000 
 146,252   Eli Lilly & Co.   12,479,683 
 113,721   Johnson & Johnson   13,798,906 
 143,257   Mallinckrodt Plc * †   2,673,176 
 86,291   McKesson Corp.   11,511,219 
 225,477   Merck and Co., Inc.   13,686,454 
 310,460   Mylan NV *   11,220,024 
 146,124   Patterson Companies, Inc. †   3,312,631 
 383,832   Pfizer, Inc.   13,925,425 
 494,586   Valeant Pharmaceuticals International, Inc. *   11,494,179 
 147,039   Zoetis, Inc.   12,526,252 
         157,639,998 
Total Common Stocks
(Cost: $349,941,450)		   276,040,100 
MONEY MARKET FUND: 0.1%
(Cost: $274,502)		     
 274,502   Dreyfus Government Cash Management Fund - Institutional Shares   274,502 
Total Investments Before Collateral for Securities Loaned: 99.9%
(Cost: $350,215,952)		   276,314,602 
      
Principal
Amount		         
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 2.0%     
Repurchase Agreements: 2.0%     
$1,326,982   Repurchase agreement dated 6/29/18 with Citigroup Global Markets, Inc., 2.12%, due 7/2/18, proceeds $1,327,216; (collateralized by various U.S. government and agency obligations, 0.00% to 8.75%, due 7/5/18 to 8/20/67, valued at $1,353,522 including accrued interest)   1,326,982 
 279,065   Repurchase agreement dated 6/29/18 with Credit Agricole CIB, 2.07%, due 7/2/18, proceeds $279,113; (collateralized by various U.S. government and agency obligations, 0.00% to 1.63%, due 2/15/26 to 5/15/44, valued at $284,646 including accrued interest)   279,065 
 1,326,982   Repurchase agreement dated 6/29/18 with Deutsche Bank Securities, Inc., 2.12%, due 7/2/18, proceeds $1,327,216; (collateralized by various U.S. government and agency obligations, 0.00% to 7.25%, due 7/27/18 to 9/6/44, valued at $1,353,522 including accrued interest)   1,326,982 
 1,326,982   Repurchase agreement dated 6/29/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.12%, due 7/2/18, proceeds $1,327,216; (collateralized by U.S. government and agency obligations 4.00%, due 6/20/47, valued at $1,353,522 including accrued interest)   1,326,982 
 1,326,982   Repurchase agreement dated 6/29/18 with RBC Capital Markets LLC, 2.10%, due 7/2/18, proceeds $1,327,214; (collateralized by various U.S. government and agency obligations, 2.00% to 8.00%, due 8/1/19 to 7/1/48, valued at $1,353,522 including accrued interest)   1,326,982 
Total Short-Term Investments Held as Collateral for Securities on Loan
(Cost: $5,586,993)		   5,586,993 
Total Investments: 101.9%
(Cost: $355,802,945)		   281,901,595 
Liabilities in excess of other assets: (1.9)%   (5,167,605)
NET ASSETS: 100.0%  $276,733,990 

 

Definitions:
ADR American Depositary Receipt
USD United States Dollar
   
Footnotes:
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $5,300,459.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Health Care   24.7%  $68,284,127 
Pharmaceuticals   75.2    207,755,973 
Money Market Fund   0.1    274,502 
    100.0%  $276,314,602 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks*  $276,040,100   $—   $—   $276,040,100 
Money Market Fund   274,502    —    —    274,502 
Repurchase Agreements   —    5,586,993    —    5,586,993 
Total  $276,314,602   $5,586,993   $—   $281,901,595 

 

* See Schedule of Investments for geographic sector breakouts.

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS REAL ASSET ALLOCATION ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
EXCHANGE TRADED FUNDS: 100.3%     
 15,557   Global X MLP & Energy Infrastructure ETF  $207,219 
 46,314   Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF   854,957 
 32,235   iShares Gold Trust *   387,465 
 5,680   iShares MSCI Global Metals & Mining Producers ETF   185,338 
 3,117   SPDR Gold Trust *   369,832 
 4,923   VanEck Vectors Agribusiness ETF ‡   306,161 
 12,290   VanEck Vectors Coal ETF ‡   193,936 
 7,146   VanEck Vectors Oil Services ET ‡   187,726 
 4,263   VanEck Vectors Steel ETF ‡   193,029 
 11,793   VanEck Vectors Unconventional Oil & Gas ETF ‡   206,224 
 9,490   Vanguard Real Estate ETF   772,961 
Total Exchange Traded Funds
(Cost: $3,832,573)		   3,864,848 
Total Exchange Traded Funds
(Cost: $3,832,573)		   3,864,848 
Liabilities in excess of other assets: (0.3)%   (11,538)
NET ASSETS: 100.0%  $3,853,310 

 

Footnotes:
‡ Affiliated issuer – as defined under the Investment Company Act of 1940.
* Non-income producing

 

A summary of the Fund’s transactions in securities of affiliates for the period ended June 30, 2018 is set forth below:

 

Affiliates  Value 04/09/18(a)   Purchases   Sales Proceeds   Realized Gain (Loss)   Dividend Income   Net Change in Unrealized Appreciation (Depreciation)   Value 06/30/18 
VanEck Vectors Agribusiness ETF  $—   $770,030   $(475,893)  $6,757   $—   $5,267   $306,161 
VanEck Vectors Coal ETF   —    320,287    (123,883)   (2,345)   —    (123)   193,936 
VanEck Vectors Oil Services ET   —    188,515    (12,561)   1,532    —    10,240    187,726 
VanEck Vectors Steel ETF   —    199,881    (3,386)   235    —    (3,701)   193,029 
VanEck Vectors Unconventional Oil & Gas ETF   —    190,426    (13,035)   1,432    —    27,401    206,224 
   $—   $1,669,139   $(628,758)  $7,611   $—   $39,084   $1,087,076 

 

(a) Commencement of Operations

 

Summary of Investments
by Sector		  % of
Investments		  Value 
Agribusiness Equities   7.9%  $306,161 
Coal Equities   5.0    193,936 
Diversified Commodities Futures   22.1    854,957 
Global Metals and Mining Equities   4.8    185,338 
Gold Bullion   19.6    757,297 
Master Limited Partnerships   5.4    207,219 
Oil Services Equities   4.9    187,726 
Steel Equities   5.0    193,029 
Unconventional Oil & Gas Equities   5.3    206,224 
US Real Estate Investment Trusts   20.0    772,961 
    100.0%  $3,864,848 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Exchange Traded Funds  $3,864,848   $—   $—   $3,864,848 

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS RETAIL ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
COMMON STOCKS: 100.1%     
China / Hong Kong: 3.1%     
 69,671   JD.com, Inc. (ADR) *  $2,713,685 
United States: 97.0%     
 10,288   Amazon.com, Inc. *   17,487,542 
 15,518   AmerisourceBergen Corp.   1,323,220 
 2,273   AutoZone, Inc. *   1,525,024 
 19,902   Best Buy Co., Inc.   1,484,291 
 21,933   Cardinal Health, Inc.   1,070,988 
 22,065   Costco Wholesale Corp.   4,611,144 
 60,314   CVS Caremark Corp.   3,881,206 
 21,366   Dollar General Corp.   2,106,688 
 21,189   Dollar Tree, Inc. *   1,801,065 
 52,201   Home Depot, Inc.   10,184,415 
 14,214   Kohl’s Corp.   1,036,201 
 79,091   Kroger Co.   2,250,139 
 18,070   L Brands, Inc.   666,422 
 44,282   Lowe’s Cos, Inc.   4,232,031 
 26,239   MACY’S, Inc.   982,126 
 17,538   McKesson Corp.   2,339,569 
 7,015   O’Reilly Automotive, Inc. *   1,919,094 
 33,742   Ross Stores, Inc.   2,859,635 
 47,031   Sysco Corp.   3,211,747 
 46,894   Target Corp.   3,569,571 
 30,941   The Gap, Inc.   1,002,179 
 41,624   TJX Cos., Inc.   3,961,772 
 62,157   Walgreens Boots Alliance, Inc.   3,730,352 
 86,796   Wal-Mart Stores, Inc.   7,434,077 
         84,670,498 
Total Common Stocks
(Cost: $90,032,660)		   87,384,183 
MONEY MARKET FUND: 0.0%
(Cost: $8,315)		     
 8,315   Dreyfus Government Cash Management Fund - Institutional Shares   8,315 
Total Investments: 100.1%
(Cost: $90,040,975)		   87,392,498 
Liabilities in excess of other assets: (0.1)%   (127,812)
NET ASSETS: 100.0%  $87,264,686 

 

Definitions:
ADR American Depositary Receipt
   
Footnotes:
* Non-income producing

 

Summary of Investments
by Sector		  % of
Investments		  Value 
Consumer Discretionary   65.8%  $57,531,741 
Consumer Staples   24.3    21,237,459 
Health Care   9.9    8,614,983 
Money Market Fund   0.0    8,315 
    100.0%  $87,392,498 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks*  $87,384,183   $—   $—   $87,384,183 
Money Market Fund   8,315    —    —    8,315 
Total  $87,392,498   $—   $—   $87,392,498 

 

* See Schedule of Investments for geographic sector breakouts.

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS SEMICONDUCTOR ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
COMMON STOCKS: 99.8%     
Netherlands: 9.7%     
 289,411   ASML Holding NV (USD) †  $57,294,696 
 485,717   NXP Semiconductors NV (USD) *   53,074,297 
         110,368,993 
Taiwan: 8.5%     
 2,622,052   Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)   95,862,221 
United States: 81.6%     
 2,414,449   Advanced Micro Devices, Inc. * †   36,192,590 
 544,887   Analog Devices, Inc.   52,265,561 
 1,059,129   Applied Materials, Inc.   48,921,168 
 234,570   Broadcom, Inc.   56,916,065 
 674,841   Cadence Design Systems, Inc. *   29,227,364 
 208,413   Cavium, Inc. *   18,027,724 
 2,242,568   Intel Corp.   111,478,055 
 342,870   KLA-Tencor Corp.   35,154,461 
 278,674   Lam Research Corp.   48,168,801 
 1,051,044   Marvell Technology Group Ltd.   22,534,383 
 696,612   Maxim Integrated Products, Inc.   40,863,260 
 486,612   Microchip Technology, Inc. †   44,257,361 
 1,040,321   Micron Technology, Inc. *   54,554,433 
 292,134   NVIDIA Corp.   69,206,545 
 926,684   ON Semiconductor Corp. *   20,604,819 
 204,628   Qorvo, Inc. *   16,405,027 
 1,033,015   Qualcomm, Inc.   57,972,802 
 418,169   Skyworks Solutions, Inc.   40,416,034 
 451,795   Teradyne, Inc.   17,199,836 
 523,384   Texas Instruments, Inc.   57,703,086 
 123,375   Universal Display Corp. †   10,610,250 
 582,029   Xilinx, Inc.   37,983,213 
         926,662,838 
Total Common Stocks
(Cost: $1,242,610,631)		   1,132,894,052 
MONEY MARKET FUND: 0.0%
(Cost: $147,517)		     
 147,517   Dreyfus Government Cash Management Fund - Institutional Shares   147,517 
Total Investments Before Collateral for Securities Loaned: 99.8%
(Cost: $1,242,758,148)		   1,133,041,569 
      
Principal
Amount		         
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.2%     
Repurchase Agreements: 1.2%     
$3,138,115   Repurchase agreement dated 6/29/18 with Citigroup Global Markets, Inc., 2.12%, due 7/2/18, proceeds $3,138,669; (collateralized by various U.S. government and agency obligations, 0.00% to 8.75%, due 7/5/18 to 8/20/67, valued at $3,200,877 including accrued interest)   3,138,115 
 659,970   Repurchase agreement dated 6/29/18 with Credit Agricole CIB, 2.07%, due 7/2/18, proceeds $660,084; (collateralized by various U.S. government and agency obligations, 0.00% to 1.63%, due 2/15/26 to 5/15/44, valued at $673,170 including accrued interest)   659,970 
 3,138,115   Repurchase agreement dated 6/29/18 with Deutsche Bank Securities, Inc., 2.12%, due 7/2/18, proceeds $3,138,669; (collateralized by various U.S. government and agency obligations, 0.00% to 7.25%, due 7/27/18 to 9/6/44, valued at $3,200,877 including accrued interest)   3,138,115 
 3,138,115   Repurchase agreement dated 6/29/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.12%, due 7/2/18, proceeds $3,138,669; (collateralized by U.S. government and agency obligations 4.00%, due 6/20/47, valued at $3,200,877 including accrued interest)   3,138,115 
 3,138,115   Repurchase agreement dated 6/29/18 with RBC Capital Markets LLC, 2.10%, due 7/2/18, proceeds $3,138,664; (collateralized by various U.S. government and agency obligations, 2.00% to 8.00%, due 8/1/19 to 7/1/48, valued at $3,200,877 including accrued interest)   3,138,115 
Total Short-Term Investments Held as Collateral for Securities on Loan
(Cost: $13,212,430)		   13,212,430 
Total Investments: 101.0%
(Cost: $1,255,970,578)		   1,146,253,999 
Liabilities in excess of other assets: (1.0)%   (11,076,511)
NET ASSETS: 100.0%  $1,135,177,488 

 

Definitions:
ADR American Depositary Receipt
USD United States Dollar
   
Footnotes:
* Non-income producing
† Security fully or partially on loan. Total market value of securities on loan is $13,068,182.

 

Summary of Investments
by Sector Excluding
Collateral for Securities
Loaned		  % of
Investments		  Value 
Information Technology   16.7%  $189,159,232 
Semiconductor Equipment   18.3    206,738,962 
Semiconductors   65.0    736,995,858 
Money Market Fund   0.0    147,517 
    100.0%  $1,133,041,569 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks*  $1,132,894,052   $—   $—   $1,132,894,052 
Money Market Fund   147,517    —    —    147,517 
Repurchase Agreements   —    13,212,430    —    13,212,430 
Total  $1,133,041,569   $13,212,430   $—   $1,146,253,999 

 

* See Schedule of Investments for geographic sector breakouts.

 

There were no transfers between levels during the period ended June 30, 2018.

 

See Notes to Schedules of Investments

 

VANECK VECTORS SPIN-OFF ETF

SCHEDULE OF INVESTMENTS

June 30, 2018 (unaudited)

 

Number
of Shares		      Value 
COMMON STOCKS: 99.6%     
Australia: 2.1%     
 20,395   Orora Ltd. #  $53,780 
 20,033   South32 Ltd. #   53,408 
         107,188 
Cayman Islands: 0.9%     
 1,887   Theravance Biopharma, Inc. (USD) *   42,797 
China / Hong Kong: 4.0%     
 145,000   China Overseas Property Holdings Ltd. #   47,822 
 6,000   CK Asset Holdings Ltd. #   47,499 
 854,000   Global Brands Group Holding Ltd. * #   50,981 
 8,000   Wharf Real Estate Investment Co. Ltd. #   56,807 
         203,109 
Denmark: 1.0%     
 1,083   Nilfisk Holding A/S * #   52,722 
Finland: 1.9%     
 6,688   Caverion Corp. * #   47,504 
 2,574   Valmet OYJ #   49,465 
         96,969 
France: 1.0%     
 504   Fnac Darty SA * #   47,765 
Germany: 1.2%     
 2,776   METRO AG #   34,204 
 685   OSRAM Licht AG #   27,891 
         62,095 
Ireland: 0.9%     
 617   Allegion Plc (USD)   47,731 
Italy: 1.0%     
 8,976   Italgas SpA #   49,393 
Norway: 1.3%     
 9,427   Aker Solutions ASA * # Reg S   65,676 
Singapore: 0.8%     
 34,900   Frasers Centrepoint Ltd. #   42,244 
Sweden: 3.2%     
 17,464   Arjo AB   62,371 
 3,878   Bonava AB #   45,479 
 5,097   Svenska Cellulosa AB  #   55,245 
         163,095 
Switzerland: 1.1%     
 2,116   Idorsia Ltd. * #   55,684 
United Kingdom: 3.0%     
 1,096   Delphi Technologies Plc (USD)   49,824 
 32,904   Gocompare.Com Group Plc #   56,755 
 9,058   Indivior Plc * #   45,629 
         152,208 
United States: 76.2%     
 871   Adient Plc   42,844 
 1,480   AdvanSix, Inc. *   54,212 
 1,162   Alcoa Corp. *   54,475 
 1,434   Associated Capital Group, Inc.   54,420 
 996   Brighthouse Financial, Inc. *   39,910 
 76   Cable One, Inc.   55,730 
 3,262   California Resources Corp. *   148,225 
 3,781   CareTrust REIT, Inc.   63,105 
 1,750   Cars.com, Inc. *   49,683 
 800   CDK Global, Inc.   52,040 
 1,073   Chemours Co.   47,598 
 13,278   Civeo Corp. *   57,892 
 9,236   Colony Capital, Inc.   57,633 
 2,694   Conduent, Inc. *   48,950 
 1,774   CONSOL Energy, Inc. *   68,033 
 1,139   CSW Industrials, Inc. *   60,196 
 2,994   Donnelley Financial Solutions, Inc. *   52,006 
 1,002   Energizer Holdings, Inc.   63,086 
 2,361   Enova International, Inc. *   86,295 
 1,881   Exterran Corp. *   47,100 
 680   Fortive Corp.   52,435 
 2,329   Four Corners Property Trust, Inc.   57,363 
 1,575   Gaming and Leisure Properties, Inc.   56,385 
 5,218   Gannett Co., Inc.   55,833 
 1,775   GCP Applied Technologies, Inc. *   51,386 
 1,110   Halyard Health, Inc. *   63,547 
 770   Herc Holdings, Inc. *   43,382 
 2,848   Hewlett Packard Enterprise Co.   41,609 
 1,198   Hilton Grand Vacations, Inc. *   41,571 
 695   Ingevity Corp. *   56,198 
 2,912   International Seaways, Inc. *   67,384 
 1,006   Keysight Technologies, Inc. *   59,384 
 751   KLX, Inc. *   53,997 
 4,027   Knowles Corp. *   61,613 
 956   Lamb Weston Holdings, Inc.   65,496 
 2,456   Lands’ End, Inc. *   68,522 
 612   Liberty Broadband Corp. *   46,292 
 2,870   LSC Communications, Inc.   44,944 
 756   Lumentum Holdings, Inc. *   43,772 
 214   Madison Square Garden Co. *   66,381 
 3,647   Mallinckrodt Plc *   68,053 
 742   Murphy USA, Inc. *   55,123 
 3,977   Navient Corp.   51,820 
 2,987   New Media Investment Group, Inc.   55,200 
 3,114   New Residential Investment Corp.   54,464 
 6,639   New Senior Investment Group, Inc.   50,257 
 3,207   News Corp.   49,709 
 4,125   NorthStar Realty Europe Corp.   59,771 
 4,801   NOW, Inc. *   63,997 
 799   ONE Gas, Inc.   59,717 
 1,979   Park Hotels and Resorts, Inc.   60,617 
 664   PayPal Holdings, Inc. *   55,291 
 1,727   Pinnacle Entertainment, Inc. *   58,252 
 1,065   PJT Partners, Inc.   56,860 
 2,724   Quality Care Properties, Inc. *   58,593 
 2,616   Rayonier Advanced Materials, Inc.   44,707 
 689   Science Applications International Corp.   55,761 
 1,007   SPX FLOW, Inc. *   44,076 
 3,294   TimkenSteel Corp. *   53,857 
 658   TopBuild Corp. *   51,548 
 3,192   Uniti Group, Inc. *   63,936 
 2,517   Urban Edge Properties   57,564 
 1,440   Varex Imaging Corp. *   53,410 
 1,368   Versum Materials, Inc.   50,821 
 3,182   Vista Outdoor, Inc. *   49,289 
 8,091   Washington Prime Group, Inc.   65,618 
 2,653   Welbilt, Inc. *   59,188 
 2,654   Xenia Hotels and Resorts, Inc.   64,651 
         3,873,077 
Total Common Stocks
(Cost: $4,285,213)		   5,061,753 
MONEY MARKET FUND: 0.4%
(Cost: $21,289)		     
 21,289   Dreyfus Government Cash Management Fund - Institutional Shares   21,289 
Total Investments: 100.0%
(Cost: $4,306,502)		   5,083,042 
Liabilities in excess of other assets: (0.0)%   (13)
NET ASSETS: 100.0%  $5,083,029 

 

Definitions:
USD United States Dollar
   
Footnotes:
* Non-income producing
# Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $985,953 which represents 19.4% of net assets.
Reg S Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration.

 

Summary of Investments
by Sector		  % of
Investments		  Value 
Consumer Discretionary   17.5%  $890,343 
Consumer Staples   3.2    162,786 
Energy   7.8    396,418 
Financials   7.8    395,775 
Health Care   7.7    391,491 
Industrials   14.9    755,103 
Information Technology   10.4    525,996 
Materials   10.3    524,866 
Real Estate   17.9    909,865 
Utilities   2.1    109,110 
Money Market Fund   0.4    21,289 
    100.0%  $5,083,042 

 

The summary of inputs used to value the Fund’s investments as of June 30, 2018 is as follows:

 

   Level 1
Quoted
Prices		   Level 2
Significant
Observable
Inputs		   Level 3
Significant
Unobservable
Inputs		   Value 
Common Stocks                    
Australia  $—   $107,188   $—   $107,188 
Cayman Islands   42,797    —    —    42,797 
China / Hong Kong   —    203,109    —    203,109 
Denmark   —    52,722    —    52,722 
Finland   —    96,969    —    96,969 
France   —    47,765    —    47,765 
Germany   —    62,095    —    62,095 
Ireland   47,731    —    —    47,731 
Italy   —    49,393    —    49,393 
Norway   —    65,676    —    65,676 
Singapore   —    42,244    —    42,244 
Sweden   62,371    100,724    —    163,095 
Switzerland   —    55,684    —    55,684 
United Kingdom   49,824    102,384    —    152,208 
United States   3,873,077    —    —    3,873,077 
Money Market Fund   21,289    —    —    21,289 
Total  $4,097,089   $985,953   $—   $5,083,042 

 

During the period ended June 30, 2018, transfers of securities from Level 1 to Level 2 were $329,139. These transfers resulted primarily from changes in certain foreign securities valuation methodologies between the last close of the securities’ primary market (Level 1) and valuation by a pricing service (Level 2), which takes into account market direction or events occurring before the Fund’s pricing time but after the last local close, as described in the Notes to Schedules of Investments.

 

See Notes to Schedules of Investments

 

VANECK VECTORS ETF TRUST

NOTES TO SCHEDULES OF INVESTMENTS

June 30, 2018 (unaudited)

 

Security Valuation—The Funds value their investments in securities and other assets and liabilities at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. Securities traded on national exchanges or traded on the NASDAQ National Market System are valued at the last sales price as reported at the close of each business day. Securities traded on the NASDAQ Stock Market are valued at the NASDAQ official closing price. Over-the-counter securities not included in the NASDAQ National Market System and listed securities for which no sale was reported are valued at the mean of the bid and ask prices. To the extent these securities are actively traded they are categorized as Level 1 in the fair value hierarchy (described below). Certain foreign securities, whose values may be affected by market direction or events occurring before the Funds’ pricing time (4:00 p.m. Eastern Time) but after the last close of the securities’ primary market, are fair valued using a pricing service and are categorized as Level 2 in the fair value hierarchy. The pricing service, using methods approved by the Board of Trustees, considers the correlation of the trading patterns of the foreign security to intraday trading in the U.S. markets, based on indices of domestic securities and other appropriate indicators such as prices of relevant ADR’s and futures contracts. The Funds may also fair value securities in other situations, such as, when a particular foreign market is closed but the Fund is open. Short-term debt securities with sixty days or less to maturity are valued at amortized cost, which with accrued interest approximates fair value. Money market fund investments are valued at net asset value and are considered to be Level 1 in the fair value hierarchy. The Pricing Committee of Van Eck Associates Corporation (the “Adviser”) provides oversight of the Funds’ valuation policies and procedures, which are approved by the Funds’ Board of Trustees. Among other things, these procedures allow the Funds to utilize independent pricing services, quotations from securities dealers, and other market sources to determine fair value. The Pricing Committee convenes regularly to review the fair value of financial instruments or other assets. If market quotations for a security or other asset are not readily available, or if the Adviser believes it does not otherwise reflect the fair value of a security or asset, the security or asset will be fair valued by the Pricing Committee in accordance with the Funds’ valuation policies and procedures. The Pricing Committee employs various methods for calibrating the valuation approaches utilized to determine fair value, including a regular review of key inputs and assumptions, periodic comparisons to valuations provided by other independent pricing services, transactional back-testing and disposition analysis.

 

Certain factors such as economic conditions, political events, market trends, the nature of and duration of any restrictions on disposition, trading in similar securities of the issuer or comparable issuers and other security specific information are used to determine the fair value of these securities. Depending on the relative significance of valuation inputs, these securities may be classified either as Level 2 or Level 3 in the fair value hierarchy. The price which the Funds may realize upon sale of an investment may differ materially from the value presented in the Schedules of Investments.

 

The Funds utilize various methods to measure the fair value of their investments on a recurring basis which includes a hierarchy that prioritizes inputs to valuation methods used to measure fair value. The fair value hierarchy gives highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The transfers between levels of the fair value hierarchy assume the financial instruments were transferred at the beginning of the reporting period. The three levels of the fair value hierarchy are described below:

 

Level 1 - Quoted prices in active markets for identical securities.

 

Level 2 - Significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

 

Level 3 - Significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).

 

A summary of the inputs, the levels used to value the Funds’ investments, and transfers between levels are located in the Schedules of Investments. Additionally, tables that reconcile the valuation of the Funds’ Level 3 investments and that present additional information about valuation methodologies and unobservable inputs, if applicable, are located in the Schedules of Investments.

 

ITEM 2. Controls and Procedures.

 

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3 (c)) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15 (b)).
   
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. Exhibits.

 

Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached as Exhibit 99.CERT

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant) VanEck Vectors ETF Trust

 

By John J. Crimmins, Treasurer & Chief Financial Officer, VanEck Vectors ETF Trust

 

Date: August 28, 2018

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By Jan F. van Eck, Chief Executive Officer, VanEck Vectors ETF Trust

 

Date: August 28, 2018

 

By John J. Crimmins, Treasurer & Chief Financial Officer, VanEck Vectors ETF Trust

 

Date: August 28, 2018