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:	December 31, 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

December 31, 2018 (unaudited)

 

Number  of Shares						Value
COMMON STOCKS: 100.0%
Netherlands: 4.1%
	448,856			QIAGEN NV (USD) *		$	15,463,089
Spain: 2.9%
	586,901			Grifols SA (ADR)			10,775,502
United States: 93.0%
	154,211			Alexion Pharmaceuticals, Inc. *			15,013,983
	131,669			Allergan Plc			17,598,879
	116,045			Alnylam Pharmaceuticals, Inc. *			8,460,841
	173,702			Amgen, Inc.			33,814,568
	62,146			Biogen Idec, Inc. *			18,700,974
	190,925			BioMarin Pharmaceutical, Inc. *			16,257,264
	49,972			Bluebird Bio, Inc. * †			4,957,222
	282,782			Celgene Corp. *			18,123,498
	100,444			Charles River Laboratories International, Inc. *			11,368,252
	251,347			Exact Sciences Corp. *			15,859,996
	382,020			Gilead Sciences, Inc.			23,895,351
	59,508			Illumina, Inc. *			17,848,234
	266,652			Incyte Corp. *			16,956,401
	132,876			Ionis Pharmaceuticals, Inc. *			7,183,277
	147,493			IQVIA Holdings, Inc. *			17,134,262
	216,881			Nektar Therapeutics *			7,128,878
	120,729			Neurocrine Biosciences, Inc. *			8,621,258
	53,045			Regeneron Pharmaceuticals, Inc. *			19,812,308
	124,325			Sarepta Therapeutics, Inc. * †			13,567,587
	104,514			Seattle Genetics, Inc. *			5,921,763
	116,241			Shire Plc (ADR)			20,230,584
	81,924			United Therapeutics Corp. *			8,921,524
	114,272			Vertex Pharmaceuticals, Inc. *			18,936,013
							346,312,917
Total Common Stocks (Cost: $470,356,820)							372,551,508
MONEY MARKET FUND: 0.1% (Cost: $249,757)
	249,757			Dreyfus Government Cash Management Fund - Institutional Shares			249,757
Total Investments Before Collateral for Securities Loaned: 100.1% (Cost: $470,606,577)							372,801,265
Principal Amount
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.9%
Repurchase Agreements: 1.9%
$	1,674,745			Repurchase agreement dated 12/31/18 with Credit Agricole CIB, 3.00%, due 1/2/19, proceeds $1,675,024; (collateralized by various U.S. government and agency obligations, 4.00% to 4.50%, due 6/20/48 to 8/1/48, valued at $1,708,240 including accrued interest)			1,674,745
	1,674,745			Repurchase agreement dated 12/31/18 with Daiwa Capital Markets America, Inc., 3.05%, due 1/2/19, proceeds $1,675,029; (collateralized by various U.S. government and agency obligations, 2.00% to 6.50%, due 1/25/19 to 2/1/49, valued at $1,708,240 including accrued interest)			1,674,745
	1,674,745			Repurchase agreement dated 12/31/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 3.00%, due 1/2/19, proceeds $1,675,024; (collateralized by various U.S. government and agency obligations, 2.73% to 5.50%, due 1/1/34 to 1/1/49, valued at $1,708,240 including accrued interest)			1,674,745
	1,674,745			Repurchase agreement dated 12/31/18 with Nomura Securities International, Inc. , 3.00%, due 1/2/19, proceeds $1,675,024; (collateralized by various U.S. government and agency obligations, 0.00% to 7.50%, due 1/3/19 to 11/20/68, valued at $1,708,240 including accrued interest)			1,674,745
	351,024			Repurchase agreement dated 12/31/18 with RBC Capital Markets LLC, 3.00%, due 1/2/19, proceeds $351,083; (collateralized by various U.S. government and agency obligations, 2.21% to 6.50%, due 2/1/20 to 11/1/48, valued at $358,044 including accrued interest)			351,024
Total Short-Term Investments Held as Collateral for Securities on Loan (Cost: $7,050,004)							7,050,004
Total Investments: 102.0% (Cost: $477,656,581)							379,851,269
Liabilities in excess of other assets: (2.0)%							(7,277,397	)
NET ASSETS: 100.0%						$	372,573,872

 

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 $6,985,145.

 

Summary of Investments by Sector Excluding Collateral for Securities Loaned			% of Investments				Value
Biotechnology				52.6	%		$	196,353,647
Health Care				35.3				131,518,286
Life Sciences Tools & Services				12.0				44,679,575
Money Market Fund				0.1				249,757
				100.0	%		$	372,801,265

 

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks*		$	372,551,508			$	—			$	—			$	372,551,508
Money Market Fund			249,757				—				—				249,757
Repurchase Agreements			—				7,050,004				—				7,050,004
Total		$	372,801,265			$	7,050,004			$	—			$	379,851,269

 

* See Schedule of Investments for geographic sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS ENVIRONMENTAL SERVICES ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number  of Shares						Value
COMMON STOCKS: 100.1%
United Kingdom: 10.1%
	19,672			Steris Plc (USD)		$	2,101,953
United States: 90.0%
	25,577			ABM Industries, Inc.			821,278
	33,917			Advanced Disposal Services, Inc. *			811,973
	10,879			Cantel Medical Corp.			809,942
	29,400			Casella Waste Systems, Inc. *			837,606
	62,047			Charah Solutions, Inc. *			518,092
	15,811			Clean Harbors, Inc. *			780,273
	56,320			Covanta Holding Corp.			755,814
	41,175			Darling International, Inc. *			792,207
	18,412			Donaldson Company, Inc.			798,897
	85,726			Evoqua Water Technologies Corp. *			822,970
	18,140			Heritage-Crystal Clean, Inc. *			417,401
	64,367			Newpark Resources, Inc. *			442,201
	28,657			Republic Services, Inc.			2,065,883
	17,480			Schnitzer Steel Industries, Inc.			376,694
	20,990			Stericycle, Inc. *			770,123
	7,988			Tennant Co.			416,255
	28,834			Tenneco, Inc.			789,763
	15,279			Tetra Tech, Inc.			790,994
	12,924			US Ecology, Inc.			813,954
	27,767			Waste Connections, Inc.			2,061,700
	23,493			Waste Management, Inc.			2,090,642
							18,784,662
Total Common Stocks (Cost: $21,608,464)							20,886,615
MONEY MARKET FUND: 1.0% (Cost: $221,030)
	221,030			Dreyfus Government Cash Management Fund - Institutional Shares			221,030
Total Investments: 101.1% (Cost: $21,829,494)							21,107,645
Liabilities in excess of other assets: (1.1)%							(239,654	)
NET ASSETS: 100.0%						$	20,867,991

 

Definitions:

USD	United States Dollar

 

Footnotes:

*	Non-income producing

 

Summary of Investments by Sector			% of Investments				Value
Consumer Discretionary				3.7	%		$	789,763
Consumer Staples				3.8				792,207
Energy				2.1				442,201
Health Care				13.8				2,911,895
Industrials				73.8				15,573,855
Materials				1.8				376,694
Money Market Fund				1.0				221,030
				100.0	%		$	21,107,645

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks*		$	20,886,615			$	—			$	—			$	20,886,615
Money Market Fund			221,030				—				—				221,030
Total		$	21,107,645			$	—			$	—			$	21,107,645

 

 

* See Schedule of Investments for geographic sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS GAMING ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
COMMON STOCKS: 100.1%
Australia: 14.2%
	104,733			Aristocrat Leisure Ltd. #		$	1,611,437
	61,583			Crown Ltd. #			514,412
	134,203			Star Entertainment Group Ltd. #			430,982
	326,763			TABCORP Holdings Ltd. #			987,388
							3,544,219
Cambodia: 1.3%
	292,000			Nagacorp Ltd. #			313,772
Canada: 3.0%
	8,456			Great Canadian Gaming Corp. *			296,375
	28,081			Stars Group, Inc. (USD) *			463,898
							760,273
China / Hong Kong: 24.4%
	323,240			Galaxy Entertainment Group Ltd. #			2,042,095
	42,024			Melco Crown Entertainment Ltd. (ADR)			740,463
	88,000			Melco International Development Ltd. #			178,472
	165,300			MGM China Holdings Ltd. #			276,003
	412,800			Sands China Ltd. #			1,800,491
	425,000			SJM Holdings Ltd. #			394,931
	26			Studio City International Holdings Ltd. (ADR) *			435
	287,600			Wynn Macau Ltd. #			626,158
							6,059,048
Greece: 1.5%
	42,255			OPAP SA #			366,669
Ireland: 3.7%
	11,376			Paddy Power Betfair Plc #			932,131
Japan: 4.3%
	11,100			Heiwa Corp. #			225,754
	9,879			Sankyo Co. Ltd. #			375,326
	33,700			Sega Sammy Holdings, Inc. #			469,332
							1,070,412
Malaysia: 1.7%
	569,998			Genting Malaysia Bhd #			416,199
Malta: 1.2%
	32,302			Kindred Group Plc (SDR) #			296,845
New Zealand: 0.8%
	79,603			Sky City Entertainment Group Ltd. #			189,679
Singapore: 3.2%
	1,119,200			Genting Singapore Ltd. #			801,115
South Africa: 0.8%
	129,329			Tsogo Sun Holdings Ltd. #			193,229
South Korea: 3.0%
	20,302			Kangwon Land, Inc. #			581,210
	10,069			Paradise Co. Ltd. #			170,507
							751,717
Sweden: 1.4%
	21,735			Betsson AB #			179,714
	38,779			NetEnt AB #			159,597
							339,311
United Kingdom: 4.5%
	73,623			GVC Holdings Plc #			631,555
	42,663			Playtech Ltd. #			209,248
	136,115			William Hill Plc #			268,743
							1,109,546
United States: 31.1%
	12,423			Boyd Gaming Corp.			258,150
	60,907			Caesars Entertainment Corp. * †			413,558
	1,664			Churchill Downs, Inc.			405,916
	8,568			Eldorado Resorts, Inc. *			310,247
	31,745			Gaming and Leisure Properties, Inc.			1,025,681
	19,782			International Game Technology Plc			289,411
	37,565			Las Vegas Sands Corp.			1,955,258
	58,119			MGM Resorts International			1,409,967
	16,919			Penn National Gaming, Inc. *			318,585
	7,252			Scientific Games Corp. * †			129,666
	12,469			Wynn Resorts Ltd.			1,233,309
							7,749,748
Total Common Stocks (Cost: $33,059,571)							24,893,913
RIGHTS: 0.0%
United Kingdom: 0.0% (Cost: $0)
	323,603			GVC Holdings Plc Rights (a) * #			0
MONEY MARKET FUND: 0.0% (Cost: $1,562)
	1,562			Dreyfus Government Cash Management Fund - Institutional Shares			1,562
Total Investments Before Collateral for Securities Loaned: 100.1% (Cost: $33,061,133)							24,895,475
Principal Amount
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.6% (Cost: $402,280)
Repurchase Agreement: 1.6%
$	402,280			Repurchase agreement dated 12/31/18 with HSBC Securities USA, Inc., 3.00%, due 1/2/19, proceeds $402,347; (collateralized by various U.S. government and agency obligations, 0.00% to 1.44%, due 1/31/20 to 11/15/43, valued at $410,326 including accrued interest)			402,280
Total Investments: 101.7% (Cost: $33,463,413)							25,297,755
Liabilities in excess of other assets: (1.7)%							(428,055	)
NET ASSETS: 100.0%						$	24,869,700

 

 

Definitions:

ADR	American Depositary Receipt
SDR	Swedish 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 $392,066.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $15,642,994 which represents 62.9% of net assets.

 

Summary of Investments by Sector Excluding Collateral for Securities Loaned			% of Investments				Value
Consumer Discretionary				95.9	%		$	23,868,232
Real Estate				4.1				1,025,681
Money Market Fund				0.0				1,562
				100.0	%		$	24,895,475

 

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks
Australia		$	—			$	3,544,219			$	—			$	3,544,219
Cambodia			—				313,772				—				313,772
Canada			760,273				—				—				760,273
China / Hong Kong			740,898				5,318,150				—				6,059,048
Greece			—				366,669				—				366,669
Ireland			—				932,131				—				932,131
Japan			—				1,070,412				—				1,070,412
Malaysia			—				416,199				—				416,199
Malta			—				296,845				—				296,845
New Zealand			—				189,679				—				189,679
Singapore			—				801,115				—				801,115
South Africa			—				193,229				—				193,229
South Korea			—				751,717				—				751,717
Sweden			—				339,311				—				339,311
United Kingdom			—				1,109,546				—				1,109,546
United States			7,749,748				—				—				7,749,748
Rights*			—				0				—				0
Money Market Fund			1,562				—				—				1,562
Repurchase Agreement			—				402,280				—				402,280
Total		$	9,252,481			$	16,045,274			$	—			$	25,297,755

 

* See Schedule of Investments for geographic sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS GENERIC DRUGS ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
COMMON STOCKS: 100.0%
China / Hong Kong: 8.7%
	64,000			CSPC Pharmaceutical Group Ltd. #		$	91,884
	1,600			Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. #			5,728
	5,500			Shanghai Fosun Pharmaceutical Group Co. Ltd. #			16,081
	9,500			Shanghai Pharmaceuticals Holding Co. Ltd. #			19,293
	130,500			Sino Biopharmaceutical Ltd. #			85,919
	12,400			Sinopharm Group Co. Ltd. #			52,215
							271,120
Finland: 1.2%
	1,073			Orion OYJ #			37,244
Hungary: 1.2%
	1,922			Richter Gedeon Nyrt #			37,172
India: 17.3%
	6,042			Aurobindo Pharma Ltd. #			63,357
	6,187			Biocon Ltd. #			55,767
	10,557			Cadila Healthcare Ltd. #			52,641
	8,303			Cipla Ltd. #			61,743
	1,711			Dr. Reddy's Laboratories Ltd. (ADR)			64,505
	4,663			Lupin Ltd. #			56,340
	22,992			Sun Pharmaceuticals Industries Ltd. #			141,683
	1,745			Torrent Pharmaceuticals Ltd. #			44,240
							540,276
Indonesia: 1.6%
	483,400			Kalbe Farma Tbk PT #			51,074
Ireland: 6.1%
	1,601			Alkermes Plc (USD) *			47,246
	2,309			Endo International Plc (USD) *			16,856
	560			ICON Plc (USD) *			72,358
	1,411			Perrigo Co. Plc (USD)			54,676
							191,136
Israel: 6.1%
	407			Taro Pharmaceutical Industries Ltd. (USD)			34,448
	10,162			Teva Pharmaceutical Industries Ltd. (ADR)			156,698
							191,146
Japan: 8.2%
	1,000			Hisamitsu Pharmaceutical Co., Inc. #			55,147
	5,900			Kyowa Hakko Kirin Co. Ltd. #			111,375
	900			Taisho Pharmaceutical Holdings Co. Ltd. #			90,241
							256,763
Jordan: 1.8%
	2,490			Hikma Pharmaceuticals Plc (GBP) #			54,409
South Africa: 1.4%
	4,707			Aspen Pharmacare Holdings Ltd. #			44,055
South Korea: 9.3%
	1,211			Celltrion, Inc. * #			243,276
	668			Hanmi Science Co. Ltd. #			47,360
							290,636
Switzerland: 6.4%
	768			Lonza Group AG #			199,058
United States: 30.7%
	1,118			Albemarle Corp.			86,164
	1,185			Amneal Pharmaceuticals, Inc. *			16,033
	495			Charles River Laboratories International, Inc. *			56,024
	2,089			IQVIA Holdings, Inc. *			242,679
	5,163			Mylan NV *			141,466
	7,225			Pfizer, Inc.			315,371
	664			PRA Health Sciences, Inc. *			61,061
	1,061			Syneos Health, Inc. *			41,750
							960,548
Total Common Stocks (Cost: $3,464,028)							3,124,637
MONEY MARKET FUND: 1.3% (Cost: $41,427)
	41,427			Dreyfus Government Cash Management Fund - Institutional Shares			41,427
Total Investments: 101.3% (Cost: $3,505,455)							3,166,064
Liabilities in excess of other assets: (1.3)%							(40,073	)
NET ASSETS: 100.0%						$	3,125,991

 

 

Definitions:

ADR	American Depositary Receipt
GBP	British Pound
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 $1,717,302 which represents 54.9% of net assets.

 

Summary of Investments by Sector			% of Investments				Value
Biotechnology				10.9	%		$	346,289
Health Care Distributors				2.3				71,508
Life Sciences Tools & Services				21.3				672,930
Pharmaceuticals				61.5				1,947,746
Specialty Chemicals				2.7				86,164
Money Market Fund				1.3				41,427
				100.0	%		$	3,166,064

 

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks
China / Hong Kong		$	—			$	271,120			$	—			$	271,120
Finland			—				37,244				—				37,244
Hungary			—				37,172				—				37,172
India			64,505				475,771				—				540,276
Indonesia			—				51,074				—				51,074
Ireland			191,136				—				—				191,136
Israel			191,146				—				—				191,146
Japan			—				256,763				—				256,763
Jordan			—				54,409				—				54,409
South Africa			—				44,055				—				44,055
South Korea			—				290,636				—				290,636
Switzerland			—				199,058				—				199,058
United States			960,548				—				—				960,548
Money Market Fund			41,427				—				—				41,427
Total		$	1,448,762			$	1,717,302			$	—			$	3,166,064

 

 

See Notes to Schedules of Investments

 

VANECK VECTORS MORNINGSTAR DURABLE DIVIDEND ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number  of Shares						Value
COMMON STOCKS: 100.0%
Automobiles & Components: 0.1%
	82			Gentex Corp.		$	1,657
Banks: 2.5%
	474			Huntington Bancshares, Inc.			5,650
	46			M&T Bank Corp.			6,584
	176			The PNC Financial Services Group, Inc.			20,576
	590			U.S. Bancorp			26,963
							59,773
Capital Goods: 6.9%
	234			Eaton Corp. Plc			16,067
	274			Emerson Electric Co.			16,372
	122			Fastenal Co.			6,379
	90			General Dynamics Corp.			14,149
	250			Honeywell International, Inc.			33,030
	122			Illinois Tool Works, Inc.			15,456
	76			Ingersoll-Rand Plc			6,934
	110			Lockheed Martin Corp.			28,802
	20			MSC Industrial Direct Co., Inc.			1,538
	284			United Technologies Corp.			30,240
							168,967
Consumer Durables & Apparel: 0.2%
	62			Garmin Ltd.			3,926
Consumer Services: 5.1%
	220			Carnival Corp.			10,846
	48			Darden Restaurants, Inc.			4,793
	26			Dunkin’ Brands Group, Inc.			1,667
	288			Las Vegas Sands Corp.			14,990
	324			McDonald’s Corp.			57,533
	546			Starbucks Corp.			35,162
							124,991
Diversified Financials: 1.7%
	48			BlackRock, Inc.			18,855
	12			Cohen & Steers, Inc.			412
	48			Eaton Vance Corp.			1,689
	74			Federated Investors, Inc.			1,965
	150			Franklin Resources, Inc.			4,449
	138			Janus Henderson Group Plc			2,859
	56			Legg Mason, Inc.			1,429
	92			T. Rowe Price Group, Inc.			8,493
	84			Waddell & Reed Financial, Inc.			1,519
							41,670
Energy: 13.8%
	1,134			Chevron Corp.			123,368
	1,580			Exxon Mobil Corp.			107,740
	1,190			Kinder Morgan, Inc.			18,302
	520			Occidental Petroleum Corp.			31,918
	344			ONEOK, Inc.			18,559
	188			Phillips 66			16,196
	890			Williams Companies, Inc.			19,625
							335,708
Food, Beverage & Tobacco: 12.9%
	1,474			Altria Group, Inc.			72,801
	254			Archer-Daniels-Midland Co.			10,406
	2,232			Coca-Cola Co.			105,685
	158			Conagra Brands, Inc.			3,375
	64			Hershey Co.			6,860
	132			Kellogg Co.			7,525
	242			Keurig Dr Pepper, Inc.			6,205
	524			Mondelez International, Inc.			20,976
	730			PepsiCo, Inc.			80,650
							314,483
Health Care Equipment & Services: 1.8%
	456			Medtronic Plc			41,478
	40			Quest Diagnostics, Inc.			3,331
							44,809
Household & Personal Products: 6.4%
	368			Colgate-Palmolive Co.			21,903
	1,460			The Procter and Gamble Co.			134,203
							156,106
Insurance: 2.0%
	172			Chubb Ltd.			22,219
	160			Marsh & McLennan Companies, Inc.			12,760
	106			The Traverlers Companies, Inc.			12,694
							47,673
Materials: 1.8%
	94			Air Products & Chemicals, Inc.			15,045
	56			Eastman Chemical Co.			4,094
	30			International Flavors & Fragrances, Inc.			4,028
	102			Linde Plc			15,916
	14			Sensient Technologies Corp.			782
	138			WestRock Co.			5,211
							45,076
Media & Entertainment: 0.0%
	16			John Wiley & Sons, Inc.			752
Pharmaceuticals, Biotechnology: 20.0%
	286			Amgen, Inc.			55,676
	742			Bristol-Myers Squibb Co.			38,569
	342			Eli Lilly & Co.			39,576
	942			Johnson & Johnson			121,565
	1,274			Merck and Co., Inc.			97,346
	3,096			Pfizer, Inc.			135,140
							487,872
Retailing: 0.3%
	70			Genuine Parts Co.			6,721
Semiconductor: 2.2%
	124			Analog Devices, Inc.			10,643
	132			Maxim Integrated Products, Inc.			6,712
	372			Texas Instruments, Inc.			35,154
							52,509
Software & Services: 3.3%
	666			International Business Machines Corp.			75,704
	288			The Western Union Co.			4,913
							80,617
Technology Hardware & Equipment: 4.0%
	2,066			Cisco Systems, Inc.			89,520
	110			TE Connectivity Ltd.			8,319
							97,839
Telecommunication Services: 5.5%
	2,388			Verizon Communications, Inc.			134,253
Transportation: 1.4%
	338			United Parcel Service, Inc.			32,965
Utilities: 8.1%
	294			American Electric Power Co., Inc.			21,974
	298			CenterPoint Energy, Inc.			8,413
	192			Consolidated Edison, Inc.			14,680
	508			Dominion Energy, Inc.			36,302
	96			DTE Energy Co.			10,589
	548			Duke Energy Corp.			47,292
	132			Entergy Corp.			11,361
	136			Evergy, Inc.			7,721
	322			FirstEnergy Corp.			12,091
	156			NiSource, Inc.			3,955
	68			Pinnacle West Capital Corp.			5,794
	652			PPL Corp.			18,471
							198,643
Total Common Stocks (Cost: $2,535,741)							2,437,010
MONEY MARKET FUND: 0.8% (Cost: $18,361)
	18,361			Dreyfus Government Cash Management Fund - Institutional Shares			18,361
Total Investments: 100.8% (Cost: $2,554,102)							2,455,371
Liabilities in excess of other assets: (0.8)%							(18,475	)
NET ASSETS: 100.0%						$	2,436,896

 

Summary of Investments by Sector			% of Investments				Value
Communication Services				5.5	%		$	135,005
Consumer Discretionary				5.6				137,295
Consumer Staples				19.2				470,589
Energy				13.7				335,708
Financials				6.1				149,116
Health Care				21.7				532,681
Industrials				8.2				201,932
Information Technology				9.4				230,965
Materials				1.8				45,076
Utilities				8.1				198,643
Money Market Fund				0.7				18,361
				100.0	%		$	2,455,371

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks*		$	2,437,010			$	—			$	—			$	2,437,010
Money Market Fund			18,361				—				—				18,361
Total		$	2,455,371			$	—			$	—			$	2,455,371

 

* See Schedule of Investments for industry sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS MORNINGSTAR GLOBAL WIDE MOAT ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number  of Shares						Value
COMMON STOCKS: 100.0%
Australia: 3.1%
	2,136			Australia & New Zealand Banking Group Ltd. #		$	36,889
	5,356			Brambles Ltd. #			38,301
	768			Commonwealth Bank of Australia #			39,154
							114,344
Canada: 5.0%
	202			Canadian Pacific Railway Ltd.			35,827
	1,221			Enbridge, Inc.			37,914
	1,058			Royal Bank of Canada			72,382
	744			Toronto-Dominion Bank			36,966
							183,089
China / Hong Kong: 3.0%
	257			Alibaba Group Holding Ltd. (ADR) *			35,227
	900			Tencent Holdings Ltd. #			36,078
	1,138			Yum China Holdings, Inc. (USD)			38,157
							109,462
Denmark: 1.0%
	843			Novo Nordisk AS #			38,649
France: 4.9%
	592			Essilor International SA #			74,870
	285			Safran SA #			34,104
	429			Sanofi SA #			37,131
	490			Schneider Electric SE #			33,162
							179,267
Germany: 1.0%
	495			Symrise AG #			36,593
Ireland: 4.0%
	904			Allegion Plc (USD)			72,058
	832			Medtronic Plc (USD)			75,679
							147,737
Japan: 3.7%
	200			FANUC Corp. #			30,321
	400			Hoshizaki Corp. #			24,247
	1,100			Kao Corp. #			81,338
							135,906
Mexico: 1.1%
	9,000			Grupo Aeroportuario del Centro Norte SAB de CV			42,798
Switzerland: 6.0%
	1,641			ABB Ltd. #			31,244
	486			Cie Financiere Richemont SA #			31,249
	491			Nestle SA #			39,734
	481			Novartis AG #			41,074
	317			Roche Holding AG #			78,466
							221,767
United Kingdom: 8.3%
	1,600			Experian Plc #			38,757
	4,138			GlaxoSmithKline Plc #			78,800
	762			London Stock Exchange Group Plc #			39,502
	483			Reckitt Benckiser Group Plc #			36,957
	691			Unilever NV (ADR) #			37,348
	1,449			Unilever Plc #			76,017
							307,381
United States: 58.9%
	255			Allergan Plc			34,083
	72			Alphabet, Inc. *			75,237
	24			Amazon.com, Inc. *			36,047
	732			American Express Co.			69,774
	459			AmerisourceBergen Corp.			34,150
	381			Berkshire Hathaway, Inc. *			77,793
	240			Biogen Idec, Inc. *			72,221
	84			BlackRock, Inc.			32,997
	724			Cardinal Health, Inc.			32,290
	310			Caterpillar, Inc.			39,392
	953			CBRE Group, Inc. *			38,158
	929			Charles Schwab Corp.			38,581
	1,247			Cheniere Energy, Inc. *			73,810
	902			Coca-Cola Co.			42,710
	637			Emerson Electric Co.			38,061
	397			Equifax, Inc.			36,973
	252			Facebook, Inc. *			33,035
	571			Gilead Sciences, Inc.			35,716
	878			Guidewire Software, Inc. *			70,442
	1,700			Intel Corp.			79,781
	694			John Wiley & Sons, Inc.			32,597
	285			Jones Lang LaSalle, Inc.			36,081
	637			Kellogg Co.			36,315
	812			KLA-Tencor Corp.			72,666
	465			McDonald’s Corp.			82,570
	495			Microchip Technology, Inc.			35,600
	720			Microsoft Corp.			73,130
	953			Mondelez International, Inc.			38,149
	364			PepsiCo, Inc.			40,215
	1,825			Pfizer, Inc.			79,661
	540			Salesforce.com, Inc. *			73,964
	724			Starbucks Corp.			46,626
	780			T. Rowe Price Group, Inc.			72,010
	4,272			The Western Union Co.			72,880
	944			Twenty-First Century Fox, Inc.			45,425
	745			United Parcel Service, Inc.			72,660
	724			Walt Disney Co.			79,387
	1,574			Wells Fargo & Co.			72,530
	893			Yum! Brands, Inc.			82,084
	345			Zimmer Biomet Holdings, Inc.			35,783
							2,171,584
Total Common Stocks (Cost: $3,729,224)							3,688,577
MONEY MARKET FUND: 1.4% (Cost: $50,055)
	50,055			Dreyfus Government Cash Management Fund - Institutional Shares			50,055
Total Investments: 101.4% (Cost: $3,779,279)							3,738,632
Liabilities in excess of other assets: (1.4)%							(51,353	)
NET ASSETS: 100.0%						$	3,687,279

 

Definitions:
ADR	American Depositary Receipt
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 $1,069,985 which represents 29.0% of net assets.

 

Summary of Investments by Sector			% of Investments				Value
Communication Services				8.1	%		$	301,759
Consumer Discretionary				11.4				426,830
Consumer Staples				11.5				428,783
Energy				3.0				111,724
Financials				15.7				588,578
Health Care				18.0				673,703
Industrials				15.2				567,905
Information Technology				12.8				478,463
Materials				1.0				36,593
Real Estate				2.0				74,239
Money Market Fund				1.3				50,055
				100.0	%		$	3,738,632

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks
Australia		$	—			$	114,344			$	—			$	114,344
Canada			183,089				—				—				183,089
China / Hong Kong			73,384				36,078				—				109,462
Denmark			—				38,649				—				38,649
France			—				179,267				—				179,267
Germany			—				36,593				—				36,593
Ireland			147,737				—				—				147,737
Japan			—				135,906				—				135,906
Mexico			42,798				—				—				42,798
Switzerland			—				221,767				—				221,767
United Kingdom			—				307,381				—				307,381
United States			2,171,584				—				—				2,171,584
Money Market Fund			50,055				—				—				50,055
Total		$	2,668,647			$	1,069,985			$	—			$	3,738,632

 

See Notes to Schedules of Investments

 

VANECK VECTORS MORNINGSTAR INTERNATIONAL MOAT ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
COMMON STOCKS: 98.2%
Australia: 2.9%
	43,306			National Australia Bank Ltd. #		$	734,509
	341,446			Telstra Corp. Ltd. #			684,894
	40,620			Westpac Banking Corp. #			717,394
							2,136,797
Belgium: 0.9%
	10,638			KBC Group NV #			682,884
Canada: 7.1%
	26,655			BRP, Inc.			689,697
	9,360			Canadian Imperial Bank of Commerce †			696,826
	143,453			Comeco Corp.			1,625,899
	23,462			Enbridge, Inc.			728,528
	15,699			Nutrien Ltd.			737,018
	18,710			TransCanada Corp.			667,823
							5,145,791
China / Hong Kong: 25.8%
	3,390,000			Agricultural Bank of China Ltd. #			1,485,027
	4,936			Alibaba Group Holding Ltd. (ADR) *			676,578
	286,500			Anhui Conch Cement Co. Ltd. #			1,385,652
	341,000			Anta Sports Products Ltd. #			1,632,730
	1,765,000			Bank of China Ltd. #			761,008
	129,500			Beijing Enterprises Holdings Ltd. #			686,767
	928,000			China Construction Bank Corp. #			760,007
	84,000			China Mobile Ltd. #			812,954
	348,000			China Shenhua Energy Co. Ltd. #			759,080
	102,500			CK Asset Holdings Ltd. #			750,060
	458,000			CSPC Pharmaceutical Group Ltd. #			657,542
	123,700			Hongkong Land Holdings Ltd. (USD) #			779,822
	2,174,000			Industrial & Commercial Bank of China Ltd. #			1,546,506
	483,600			MGM China Holdings Ltd. #			807,473
	182,400			Sands China Ltd. #			795,566
	335,800			Shanghai Pharmaceuticals Holding Co. Ltd. #			681,951
	107,000			Sun Hung Kai Properties Ltd. #			1,527,288
	19,200			Tencent Holdings Ltd. #			769,656
	43,536			Yum China Holdings, Inc. (USD)			1,459,762
							18,735,429
Finland: 1.0%
	85,717			Nordea Bank Abp (SEK) #			721,347
France: 3.2%
	95,527			Orange SA #			1,544,576
	7,473			Sodexo SA #			764,658
							2,309,234
Germany: 3.9%
	17,168			Bayerische Motoren Werke AG #			1,389,253
	12,954			Siemens AG #			1,442,406
							2,831,659
Japan: 14.7%
	25,400			Calbee, Inc. #			792,559
	32,100			Denso Corp. #			1,419,568
	9,000			East Japan Railway Co. #			793,994
	4,100			FANUC Corp. #			621,591
	62,000			KDDI Corp. #			1,480,000
	42,900			LINE Corp. * † #			1,463,683
	10,200			Murata Manufacturing Co. Ltd. #			1,373,070
	11,600			Nidec Corp. #			1,311,189
	18,600			Seven & i Holdings Co. Ltd. #			807,455
	24,700			Yaskawa Electric Corp. #			603,166
							10,666,275
Luxembourg: 2.3%
	26,396			Millicom International Cellular SA (SDR) #			1,669,680
Mexico: 0.9%
	79,400			Grupo Aeroportuario del Pacifico SAB de CV			644,433
Netherlands: 3.0%
	19,918			Koninklijke Philips NV #			696,730
	49,708			Royal Dutch Shell Plc (GBP) #			1,461,900
							2,158,630
Singapore: 5.5%
	663,500			CapitaLand Ltd. #			1,513,009
	534,200			CapitaLand Mall Trust #			885,827
	1,030,200			Genting Singapore Ltd. #			737,409
	99,800			Oversea-Chinese Banking Corp. Ltd. #			825,474
							3,961,719
South Korea: 1.9%
	40,472			Samsung Electronics Co. Ltd. #			1,408,900
Spain: 3.0%
	56,139			Grifols SA † #			1,470,406
	84,964			Telefonica SA #			713,553
							2,183,959
Switzerland: 5.7%
	51,364			Credit Suisse Group AG #			559,844
	17,172			LafargeHolcim Ltd. #			706,579
	6,238			Roche Holding AG #			1,544,083
	108,134			UBS Group AG #			1,344,814
							4,155,320
United Kingdom: 15.5%
	128,921			BAE Systems Plc #			753,449
	111,800			BP Plc #			706,210
	234,453			BT Group Plc #			712,318
	39,926			GlaxoSmithKline Plc #			760,314
	89,933			HSBC Holdings Plc #			741,341
	23,551			Imperial Tobacco Group Plc #			714,253
	247,506			Kingfisher Plc #			650,255
	2,111,578			Lloyds Banking Group Plc #			1,390,820
	234,442			Meggitt Plc #			1,407,196
	133,474			Rolls-Royce Holdings Plc #			1,405,047
	83,211			Smiths Group Plc #			1,447,481
	52,902			WPP Plc #			575,280
							11,263,964
United States: 0.9%
	232,200			Samsonite International SA (HKD) # Reg S 144A			659,738
Total Common Stocks (Cost: $78,542,492)							71,335,759
PREFERRED STOCKS: 1.8%
Chile: 1.8% (Cost: $1,510,591)
	34,013			Sociedad Quimica y Minera de Chile SA, 4.83%			1,338,220
MONEY MARKET FUND: 0.1% (Cost: $51,956)
	51,956			Dreyfus Government Cash Management Fund - Institutional Shares			51,956
Total Investments Before Collateral for Securities Loaned: 100.1% (Cost: $80,105,039)							72,725,935
Principal Amount
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 4.0%
Repurchase Agreements: 4.0%
$	870,841			Repurchase agreement dated 12/31/18 with Citigroup Global Markets, Inc. , 3.02%, due 1/2/19, proceeds $870,987; (collateralized by various U.S. government and agency obligations, 2.50% to 8.00%, due 1/25/19 to 7/15/60, valued at $888,258 including accrued interest)			870,841
	1,000,000			Repurchase agreement dated 12/31/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 3.00%, due 1/2/19, proceeds $1,000,167; (collateralized by various U.S. government and agency obligations, 2.73% to 5.50%, due 1/1/34 to 1/1/49, valued at $1,020,000 including accrued interest)			1,000,000
	1,000,000			Repurchase agreement dated 12/31/18 with Nomura Securities International, Inc. , 3.00%, due 1/2/19, proceeds $1,000,167; (collateralized by various U.S. government and agency obligations, 0.00% to 7.50%, due 1/3/19 to 11/20/68, valued at $1,020,000 including accrued interest)			1,000,000
Total Short-Term Investments Held as Collateral for Securities on Loan (Cost: $2,870,841)							2,870,841
Total Investments: 104.1% (Cost: $82,975,880)							75,596,776
Liabilities in excess of other assets: (4.1)%							(2,966,021	)
NET ASSETS: 100.0%						$	72,630,755

 

Definitions:

ADR	American Depositary Receipt
GBP	British Pound
HKD	Hong Kong Dollar
SDR	Swedish Depositary Receipt
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 $2,727,167.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $63,409,195 which represents 87.3% 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.
144A	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, unless otherwise noted, and the value amounted to $659,738, or 0.9% of net assets.

 

Summary of Investments by Sector Excluding Collateral for Securities Loaned			% of Investments				Value
Communication Services				14.3	%		$	10,426,594
Consumer Discretionary				16.1				11,682,687
Consumer Staples				3.2				2,314,267
Energy				8.2				5,949,440
Financials				17.8				12,967,801
Health Care				8.0				5,811,026
Industrials				13.5				9,826,786
Information Technology				4.7				3,385,136
Materials				5.7				4,167,469
Real Estate				7.5				5,456,006
Utilities				0.9				686,767
Money Market Fund				0.1				51,956
				100.0	%		$	72,725,935

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks
Australia		$	—			$	2,136,797			$	—			$	2,136,797
Belgium			—				682,884				—				682,884
Canada			5,145,791				—				—				5,145,791
China / Hong Kong			2,136,340				16,599,089				—				18,735,429
Finland			—				721,347				—				721,347
France			—				2,309,234				—				2,309,234
Germany			—				2,831,659				—				2,831,659
Japan			—				10,666,275				—				10,666,275
Luxembourg			—				1,669,680				—				1,669,680
Mexico			644,433				—				—				644,433
Netherlands			—				2,158,630				—				2,158,630
Singapore			—				3,961,719				—				3,961,719
South Korea			—				1,408,900				—				1,408,900
Spain			—				2,183,959				—				2,183,959
Switzerland			—				4,155,320				—				4,155,320
United Kingdom			—				11,263,964				—				11,263,964
United States			—				659,738				—				659,738
Preferred Stocks*			1,338,220				—				—				1,338,220
Money Market Fund			51,956				—				—				51,956
Repurchase Agreements			—				2,870,841				—				2,870,841
Total		$	9,316,740			$	66,280,036			$	—			$	75,596,776

 

* See Schedule of Investments for geographic sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS MORNINGSTAR WIDE MOAT ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
COMMON STOCKS: 100.1%
Banks: 2.5%
	859,551			Wells Fargo & Co.		$	39,608,110
Capital Goods: 5.0%
	170,130			Caterpillar, Inc.			21,618,419
	349,187			Emerson Electric Co.			20,863,923
	112,489			General Dynamics Corp.			17,684,396
	176,680			United Technologies Corp.			18,812,886
							78,979,624
Commercial & Professional Services: 1.3%
	217,520			Equifax, Inc.			20,257,638
Consumer Durables & Apparel: 1.2%
	253,961			Polaris Industries, Inc.			19,473,730
Consumer Services: 4.5%
	138,571			McDonald’s Corp.			24,606,052
	716,025			Starbucks Corp.			46,112,010
							70,718,062
Diversified Financials: 9.8%
	101,069			BlackRock, Inc.			39,701,925
	944,018			Charles Schwab Corp.			39,205,068
	592,633			State Street Corp.			37,377,363
	427,229			T. Rowe Price Group, Inc.			39,441,781
							155,726,137
Food, Beverage & Tobacco: 13.8%
	1,114,512			Campbell Soup Co. †			36,767,751
	1,066,245			General Mills, Inc.			41,519,580
	216,008			Hershey Co.			23,151,737
	349,633			Kellogg Co.			19,932,577
	1,001,714			Mondelez International, Inc.			40,098,611
	197,847			PepsiCo, Inc.			21,858,137
	526,984			Philip Morris International, Inc.			35,181,452
							218,509,845
Health Care Equipment & Services: 12.0%
	505,773			AmerisourceBergen Corp.			37,629,511
	808,384			Cardinal Health, Inc.			36,053,926
	339,535			McKesson Corp.			37,508,431
	453,877			Medtronic Plc			41,284,652
	359,755			Zimmer Biomet Holdings, Inc.			37,313,789
							189,790,309
Household & Personal Products: 1.5%
	263,777			The Procter and Gamble Co.			24,246,382
Materials: 2.0%
	776,239			Compass Minerals International, Inc. †			32,361,404
Media & Entertainment: 8.7%
	1,172,246			Comcast Corp.			39,914,976
	285,720			Facebook, Inc. *			37,455,035
	379,980			John Wiley & Sons, Inc.			17,847,661
	395,120			Walt Disney Co.			43,324,908
							138,542,580
Pharmaceuticals, Biotechnology: 9.8%
	256,531			Allergan Plc			34,287,933
	131,142			Biogen Idec, Inc. *			39,463,251
	395,499			Bristol-Myers Squibb Co.			20,558,038
	611,449			Gilead Sciences, Inc.			38,246,135
	512,124			Pfizer, Inc.			22,354,213
							154,909,570
Real Estate: 2.5%
	317,987			Jones Lang LaSalle, Inc.			40,257,154
Retailing: 2.3%
	24,513			Amazon.com, Inc. *			36,817,791
Semiconductor: 10.3%
	1,197,966			Applied Materials, Inc.			39,221,407
	931,641			Intel Corp.			43,721,912
	445,059			KLA-Tencor Corp.			39,828,330
	559,319			Microchip Technology, Inc.			40,226,223
							162,997,872
Software & Services: 10.2%
	317,046			Blackbaud, Inc.			19,942,193
	247,856			Guidewire Software, Inc. *			19,885,487
	199,382			Microsoft Corp.			20,251,230
	294,520			Salesforce.com, Inc. *			40,340,404
	117,999			ServiceNow, Inc. *			21,009,722
	2,332,718			The Western Union Co.			39,796,169
							161,225,205
Utilities: 2.7%
	607,787			Dominion Energy, Inc.			43,432,459
Total Common Stocks (Cost: $1,670,911,630)							1,587,853,872
Principal Amount
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 2.3%
Repurchase Agreements: 2.3%
$	8,494,593			Repurchase agreement dated 12/31/18 with Credit Agricole CIB, 3.00%, due 1/2/19, proceeds $8,496,009; (collateralized by various U.S. government and agency obligations, 4.00% to 4.50%, due 6/20/48 to 8/1/48, valued at $8,664,485 including accrued interest)			8,494,593
	8,494,593			Repurchase agreement dated 12/31/18 with Daiwa Capital Markets America, Inc., 3.05%, due 1/2/19, proceeds $8,496,032; (collateralized by various U.S. government and agency obligations, 2.00% to 6.50%, due 1/25/19 to 2/1/49, valued at $8,664,485 including accrued interest)			8,494,593
	8,494,593			Repurchase agreement dated 12/31/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 3.00%, due 1/2/19, proceeds $8,496,009; (collateralized by various U.S. government and agency obligations, 2.73% to 5.50%, due 1/1/34 to 1/1/49, valued at $8,664,485 including accrued interest)			8,494,593
	8,494,593			Repurchase agreement dated 12/31/18 with Nomura Securities International, Inc. , 3.00%, due 1/2/19, proceeds $8,496,009; (collateralized by various U.S. government and agency obligations, 0.00% to 7.50%, due 1/3/19 to 11/20/68, valued at $8,664,485 including accrued interest)			8,494,593
	1,781,824			Repurchase agreement dated 12/31/18 with RBC Capital Markets LLC, 3.00%, due 1/2/19, proceeds $1,782,121; (collateralized by various U.S. government and agency obligations, 2.21% to 6.50%, due 2/1/20 to 11/1/48, valued at $1,817,460 including accrued interest)			1,781,824
Total Short-Term Investments Held as Collateral for Securities on Loan (Cost: $35,760,196)							35,760,196
Total Investments: 102.4% (Cost: $1,706,671,826)							1,623,614,068
Liabilities in excess of other assets: (2.4)%							(37,582,297	)
NET ASSETS: 100.0%						$	1,586,031,771

 

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $34,472,804.

 

Summary of Investments by Sector Excluding Collateral for Securities Loaned			% of Investments				Value
Communication Services				8.7	%		$	138,542,580
Consumer Discretionary				8.0				127,009,583
Consumer Staples				15.3				242,756,227
Financials				12.3				195,334,247
Health Care				21.7				344,699,879
Industrials				6.3				99,237,262
Information Technology				20.4				324,223,077
Materials				2.1				32,361,404
Real Estate				2.5				40,257,154
Utilities				2.7				43,432,459
				100.0	%		$	1,587,853,872

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks*		$	1,587,853,872			$	—			$	—			$	1,587,853,872
Repurchase Agreements			—				35,760,196				—				35,760,196
Total		$	1,587,853,872			$	35,760,196			$	—			$	1,623,614,068

 

* See Schedule of Investments for industry sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS NDR CMG LONG/FLAT ALLOCATION ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
EXCHANGE TRADED FUND: 78.1% (Cost: $44,510,098)
	176,287			Vanguard S&P 500 ETF		$	40,512,515
Principal Amount
SHORT-TERM INVESTMENTS: 21.9%
United States Treasury Obligation: 21.8% (Cost: $11,328,580)
$	11,382,000			United States Treasury Bill 2.05%, 03/14/19 ♦			11,327,603
Number of Shares
Money Market Fund: 0.1% (Cost: $49,555)
	49,555			Dreyfus Government Cash Management Fund - Institutional Shares			49,555
Total Short-term Investments (Cost: $11,378,135)							11,377,158
Total Investments: 100.1% (Cost: $55,888,233)							51,889,673
Liabilities in excess of other assets: (0.1)%							(43,147	)
NET ASSETS: 100.0%						$	51,846,526

 

Footnotes:

♦	Rate shown is the effective yield at purchase date

 

Summary of Investments by Sector			% of Investments				Value
Exchange Traded Fund				78.1	%		$	40,512,515
Government				21.8				11,327,603
Money Market Fund				0.1				49,555
				100.0	%		$	51,889,673

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Exchange Traded Fund		$	40,512,515			$	—			$	—			$	40,512,515
United States Treasury Obligation			—				11,327,603				—				11,327,603
Money Market Fund			49,555				—				—				49,555
Total		$	40,562,070			$	11,327,603			$	—			$	51,889,673

 

See Notes to Schedules of Investments

 

VANECK VECTORS PHARMACEUTICAL ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number  of Shares						Value
COMMON STOCKS: 100.1%
Denmark: 5.5%
	270,916			Novo-Nordisk AS (ADR)		$	12,481,100
France: 5.3%
	276,075			Sanofi SA (ADR)			11,984,416
Ireland: 8.5%
	291,811			Endo International Plc (USD) *			2,130,220
	79,671			Jazz Pharmaceuticals Plc (USD) *			9,876,017
	190,596			Perrigo Co. Plc (USD)			7,385,595
							19,391,832
Israel: 4.0%
	590,753			Teva Pharmaceutical Industries Ltd. (ADR)			9,109,411
Switzerland: 5.3%
	141,437			Novartis AG (ADR)			12,136,709
United Kingdom: 12.9%
	320,352			AstraZeneca Plc (ADR)			12,166,969
	330,808			GlaxoSmithKline Plc (ADR)			12,640,174
	47,395			GW Pharmaceuticals Plc (ADR) *			4,615,799
							29,422,942
United States: 58.6%
	140,686			AbbVie, Inc.			12,969,842
	177,550			Akorn, Inc. *			601,895
	134,803			AmerisourceBergen Corp.			10,029,343
	464,915			Bausch Health Cos, Inc. *			8,586,980
	209,925			Bristol-Myers Squibb Co.			10,911,902
	238,850			Catalent, Inc. *			7,447,343
	109,016			Eli Lilly & Co.			12,615,332
	84,738			Johnson & Johnson			10,935,439
	108,368			Mallinckrodt Plc *			1,712,215
	90,962			McKesson Corp.			10,048,572
	159,786			Merck and Co., Inc.			12,209,248
	368,905			Mylan NV *			10,107,997
	117,008			Patterson Companies, Inc.			2,300,377
	282,266			Pfizer, Inc.			12,320,911
	123,643			Zoetis, Inc.			10,576,422
							133,373,818
Total Common Stocks (Cost: $322,034,149)							227,900,228
MONEY MARKET FUND: 0.1% (Cost: $167,376)
	167,376			Dreyfus Government Cash Management Fund - Institutional Shares			167,376
Total Investments: 100.2% (Cost: $322,201,525)							228,067,604
Liabilities in excess of other assets: (0.2)%							(406,122	)
NET ASSETS: 100.0%						$	227,661,482

 

Definitions:

ADR	American Depositary Receipt
USD	United States Dollar

 

Footnotes:

*	Non-income producing

 

Summary of Investments by Sector			% of Investments				Value
Health Care				28.4	%		$	64,724,643
Pharmaceuticals				71.5				163,175,585
Money Market Fund				0.1				167,376
				100.0	%		$	228,067,604

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks*		$	227,900,228			$	—			$	—			$	227,900,228
Money Market Fund			167,376				—				—				167,376
Total		$	228,067,604			$	—			$	—			$	228,067,604

 

 

* See Schedule of Investments for geographic sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS REAL ASSET ALLOCATION ETF

CONSOLIDATED SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number  of Shares						Value
EXCHANGE TRADED FUNDS: 20.9%
	136,873			iShares Gold Trust *		$	1,682,169
	131,212			SPDR Gold MiniShares Trust *			1,682,138
Total Exchange Traded Funds (Cost: $3,216,590)							3,364,307
Principal Amount
SHORT-TERM INVESTMENTS: 79.3%
United States Treasury Obligations: 79.1% (Cost: $12,748,485)
$	5,054,000			United States Treasury Bill 2.32%, 01/31/19 ♦			5,044,550
	7,748,000			United States Treasury Bill 2.41%, 03/28/19 ♦			7,703,862
							12,748,412
Number of Shares
Money Market Fund: 0.2% (Cost: $26,735)
	26,735			Dreyfus Government Cash Management Fund - Institutional Shares			26,735
Total Short-term Investments (Cost: $12,775,220)							12,775,147
Total Investments: 100.2% (Cost: $15,991,810)							16,139,454
Liabilities in excess of other assets: (0.2)%							(26,333	)
NET ASSETS: 100.0%						$	16,113,121

 

Footnotes: 

*	Non-income producing
♦	Rate shown is the effective yield at purchase date

 

A summary of the Fund’s transactions in securities of affiliates for the period ended December 31, 2018 is set forth below:

 

Affiliates			Value 09/30/18				Purchases				Sales Proceeds				Realized (Loss)				Dividend Income				Net Change in Unrealized (Depreciation)				Value 12/31/18
VanEck Vectors Agribusiness ETF			$	761,332			$	—			$	(700,717	)		$	(40,189	)		$	—			$	(20,426	)		$	—
VanEck Vectors Oil Services ETF				759,353				—				(619,472	)			(124,031	)			—				(15,850	)			—
VanEck Vectors Unconventional Oil & Gas ETF				760,854				—				(628,350	)			(104,421	)			—				(28,083	)			—
			$	2,281,539			$	—			$	(1,948,539	)		$	(268,641	)		$	—			$	(64,359	)		$	—

 

Summary of Investments by Sector			% of Investments				Value
Gold Bullion				20.8	%		$	3,364,307
Government				79.0				12,748,412
Money Market Fund				0.2				26,735
				100.0	%		$	16,139,454

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Exchange Traded Funds		$	3,364,307			$	—			$	—			$	3,364,307
United States Treasury Obligations			—				12,748,412				—				12,748,412
Money Market Fund			26,735				—				—				26,735
Total		$	3,391,042			$	12,748,412			$	—			$	16,139,454

 

See Notes to Schedules of Investments

 

VANECK VECTORS RETAIL ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
COMMON STOCKS: 100.1%
China / Hong Kong: 2.2%
	111,964			JD.com, Inc. (ADR) *		$	2,343,406
United States: 97.9%
	13,437			Amazon.com, Inc. *			20,181,971
	19,681			AmerisourceBergen Corp.			1,464,266
	3,046			AutoZone, Inc. *			2,553,584
	25,407			Best Buy Co., Inc.			1,345,555
	31,358			Cardinal Health, Inc.			1,398,567
	24,533			Costco Wholesale Corp.			4,997,617
	75,015			CVS Caremark Corp.			4,914,983
	27,667			Dollar General Corp.			2,990,249
	27,993			Dollar Tree, Inc. *			2,528,328
	67,766			Home Depot, Inc.			11,643,554
	18,402			Kohl's Corp.			1,220,789
	103,674			Kroger Co.			2,851,035
	25,550			L Brands, Inc.			655,868
	54,606			Lowe's Cos, Inc.			5,043,410
	35,692			MACY'S, Inc.			1,062,908
	22,982			McKesson Corp.			2,538,822
	10,538			O'Reilly Automotive, Inc. *			3,628,550
	40,725			Ross Stores, Inc.			3,388,320
	63,555			Sysco Corp.			3,982,356
	61,383			Target Corp.			4,056,802
	40,735			The Gap, Inc.			1,049,334
	109,105			TJX Cos., Inc.			4,881,358
	61,011			Walgreens Boots Alliance, Inc.			4,168,882
	113,295			Wal-Mart Stores, Inc.			10,553,429
							103,100,537
Total Common Stocks (Cost: $126,355,349)							105,443,943
MONEY MARKET FUND: 0.0% (Cost: $25,286)
	25,286			Dreyfus Government Cash Management Fund - Institutional Shares			25,286
Total Investments: 100.1% (Cost: $126,380,635)							105,469,229
Liabilities in excess of other assets: (0.1)%							(82,122	)
NET ASSETS: 100.0%						$	105,387,107

 

Definitions:

ADR	American Depositary Receipt

 

Footnotes:

*	Non-income producing

 

Summary of Investments by Sector			% of Investments				Value
Consumer Discretionary				65.0	%		$	68,573,986
Consumer Staples				25.2				26,553,319
Health Care				9.8				10,316,638
Money Market Fund				0.0				25,286
				100.0	%		$	105,469,229

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks*		$	105,443,943			$	—			$	—			$	105,443,943
Money Market Fund			25,286				—				—				25,286
Total		$	105,469,229			$	—			$	—			$	105,469,229

 

* See Schedule of Investments for geographic sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS SEMICONDUCTOR ETF

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
COMMON STOCKS: 100.0%
Netherlands: 9.2%
	223,292			ASML Holding NV (USD)		$	34,748,701
	416,391			NXP Semiconductors NV (USD)			30,513,132
							65,261,833
Switzerland: 2.0%
	987,337			STMicroelectronics NV (USD)			13,704,238
Taiwan: 9.7%
	1,869,199			Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)			68,992,135
United States: 79.1%
	1,449,789			Advanced Micro Devices, Inc. *			26,763,105
	372,683			Analog Devices, Inc.			31,987,382
	970,781			Applied Materials, Inc.			31,783,370
	165,867			Broadcom, Inc.			42,176,661
	364,925			Cadence Design Systems, Inc. *			15,866,939
	2,069,527			Intel Corp.			97,122,902
	168,558			KLA-Tencor Corp.			15,084,255
	230,531			Lam Research Corp.			31,391,406
	827,273			Marvell Technology Group Ltd.			13,393,550
	338,950			Maxim Integrated Products, Inc.			17,235,608
	264,576			Microchip Technology, Inc.			19,028,306
	921,475			Micron Technology, Inc. *			29,238,402
	280,167			NVIDIA Corp.			37,402,294
	529,706			ON Semiconductor Corp. *			8,745,446
	126,608			Qorvo, Inc. *			7,688,904
	639,144			Qualcomm, Inc.			36,373,685
	223,400			Skyworks Solutions, Inc.			14,972,268
	219,277			Teradyne, Inc.			6,880,912
	441,134			Texas Instruments, Inc.			41,687,163
	60,929			Universal Display Corp. †			5,701,127
	358,248			Xilinx, Inc.			30,511,982
							561,035,667
Total Common Stocks (Cost: $936,029,316)							708,993,873
MONEY MARKET FUND: 0.0% (Cost: $236,570)
	236,570			Dreyfus Government Cash Management Fund - Institutional Shares			236,570
Total Investments Before Collateral for Securities Loaned: 100.0% (Cost: $936,265,886)							709,230,443
Principal Amount
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.7%
Repurchase Agreements: 0.7%
$	1,105,367			Repurchase agreement dated 12/31/18 with Credit Agricole CIB, 3.00%, due 1/2/19, proceeds $1,105,551; (collateralized by various U.S. government and agency obligations, 4.00% to 4.50%, due 6/20/48 to 8/1/48, valued at $1,127,474 including accrued interest)			1,105,367
	1,105,367			Repurchase agreement dated 12/31/18 with Daiwa Capital Markets America, Inc., 3.05%, due 1/2/19, proceeds $1,105,554; (collateralized by various U.S. government and agency obligations, 2.00% to 6.50%, due 1/25/19 to 2/1/49, valued at $1,127,474 including accrued interest)			1,105,367
	1,105,367			Repurchase agreement dated 12/31/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 3.00%, due 1/2/19, proceeds $1,105,551; (collateralized by various U.S. government and agency obligations, 2.73% to 5.50%, due 1/1/34 to 1/1/49, valued at $1,127,474 including accrued interest)			1,105,367
	1,105,367			Repurchase agreement dated 12/31/18 with Nomura Securities International, Inc., 3.00%, due 1/2/19, proceeds $1,105,551; (collateralized by various U.S. government and agency obligations, 0.00% to 7.50%, due 1/3/19 to 11/20/68, valued at $1,127,474 including accrued interest)			1,105,367
	231,370			Repurchase agreement dated 12/31/18 with RBC Capital Markets LLC, 3.00%, due 1/2/19, proceeds $231,409; (collateralized by various U.S. government and agency obligations, 2.21% to 6.50%, due 2/1/20 to 11/1/48, valued at $235,997 including accrued interest)			231,370
Total Short-Term Investments Held as Collateral for Securities on Loan (Cost: $4,652,838)							4,652,838
Total Investments: 100.7% (Cost: $940,918,724)							713,883,281
Liabilities in excess of other assets: (0.7)%							(4,689,366	)
NET ASSETS: 100.0%						$	709,193,915

 

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 $4,590,544.

 

Summary of Investments by Sector Excluding Collateral for Securities Loaned			% of Investments				Value
Information Technology				17.2	%		$	121,511,554
Semiconductor Equipment				16.9				119,888,644
Semiconductors				65.9				467,593,675
Money Market Fund				0.0				236,570
				100.0	%		$	709,230,443

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks*		$	708,993,873			$	—			$	—			$	708,993,873
Money Market Fund			236,570				—				—				236,570
Repurchase Agreements			—				4,652,838				—				4,652,838
Total		$	709,230,443			$	4,652,838			$	—			$	713,883,281

 

* See Schedule of Investments for geographic sector breakouts.

 

See Notes to Schedules of Investments

 

VANECK VECTORS VIDEO GAMING AND ESPORTS

SCHEDULE OF INVESTMENTS

December 31, 2018 (unaudited)

 

Number of Shares						Value
COMMON STOCKS: 99.8%
China / Hong Kong: 15.4%
	53,000			Kingsoft Corp. Ltd. #		$	76,284
	1,337			NetEase, Inc. (ADR)			314,690
	10,900			Tencent Holdings Ltd. #			436,940
							827,914
France: 4.5%
	3,022			Ubisoft Entertainment SA * #			242,906
Japan: 28.9%
	5,800			Bandai Namco Holdings, Inc. #			260,155
	5,800			Capcom Co. Ltd. #			114,884
	8,600			Dena Co. Ltd. #			143,303
	34,500			GungHo Online Entertainment, Inc. * #			63,080
	5,700			Konami Holdings Corp. #			250,218
	20,200			Nexon Co. Ltd. * #			260,511
	1,200			Nintendo Co. Ltd. #			318,328
	5,200			Square Enix Holdings Co. Ltd. #			141,417
							1,551,896
Poland: 3.1%
	4,242			CD Project SA * #			164,398
Singapore: 3.7%
	58,000			IGG, Inc. (HKD) #			79,550
	10,763			Sea Ltd. (ADR) *			121,837
							201,387
South Korea: 9.1%
	556			NCsoft Corp. #			233,059
	1,613			Netmarble Corp. # Reg S 144A			161,192
	520			Pearl Abyss Corp. * #			97,331
							491,582
Taiwan: 2.9%
	63,000			Micro-Star International Co. Ltd. #			156,762
United States: 32.2%
	7,956			Activision Blizzard, Inc.			370,511
	13,444			Advanced Micro Devices, Inc. *			248,176
	3,650			Electronic Arts, Inc. *			288,021
	2,959			NVIDIA Corp.			395,026
	2,378			Take-Two Interactive Software, Inc. *			244,791
	47,550			Zynga, Inc. *			186,871
							1,733,396
Total Common Stocks (Cost: $5,739,566)							5,370,241
MONEY MARKET FUND: 0.4% (Cost: $18,966)
	18,966			Dreyfus Government Cash Management Fund - Institutional Shares			18,966
Total Investments: 100.2% (Cost: $5,758,532)							5,389,207
Liabilities in excess of other assets: (0.2)%							(8,773	)
NET ASSETS: 100.0%						$	5,380,434

 

Definitions:

ADR	American Depositary Receipt
HKD	Hong Kong 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 $3,200,318 which represents 59.5% 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.
144A	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, unless otherwise noted, and the value amounted to $161,192, or 3.0% of net assets.

 

Summary of Investments by Sector			% of Investments				Value
Communication Services				78.6	%		$	4,233,838
Consumer Discretionary				4.8				260,155
Information Technology				16.2				876,248
Money Market Fund				0.4				18,966
				100.0	%		$	5,389,207

 

The summary of inputs used to value the Fund’s investments as of December 31, 2018 is as follows:

 

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Common Stocks
China / Hong Kong		$	314,690			$	513,224			$	—			$	827,914
France			—				242,906				—				242,906
Japan			—				1,551,896				—				1,551,896
Poland			—				164,398				—				164,398
Singapore			121,837				79,550				—				201,387
South Korea			—				491,582				—				491,582
Taiwan			—				156,762				—				156,762
United States			1,733,396				—				—				1,733,396
Money Market Fund			18,966				—				—				18,966
Total		$	2,188,889			$	3,200,318			$	—			$	5,389,207

 

See Notes to Schedules of Investments

 

VANECK VECTORS ETF TRUST

NOTES TO SCHEDULES OF INVESTMENTS

December 31, 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 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 and the levels used to value the Funds’ investments and 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: February 26, 2019

 

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: February 26, 2019

 

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

 

Date: February 26, 2019