Edgar Filing: VanEck Vectors ETF Trust

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)

Van Eck 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:	December 31, 2017
Date of reporting period:	September 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 AFRICA INDEX ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 99.5%
Canada: 8.1%
	219,167	B2Gold Corp. (USD) *	$	504,084
	128,979	First Quantum Minerals Ltd.		1,467,802
	403,427	IAMGOLD Corp. (USD) *		1,484,611
	768,837	Ivanhoe Mines Ltd. * †		1,635,697
				5,092,194
Egypt: 4.1%
	567,774	Commercial International Bank (GDR) Reg S		2,589,049
India: 1.7%
	38,629	Makemytrip Ltd. (USD) * †		1,060,366
Kenya: 8.9%
	558,300	East African Breweries Ltd.		1,024,658
	3,832,900	Equity Bank Ltd.		1,520,992
	12,406,800	Safaricom Ltd. #		3,020,715
				5,566,365
Monaco: 2.6%
	103,102	Endeavour Mining Corp. (CAD) *		1,608,027
Morocco: 16.7%
	61,224	Attijariwafa Bank		2,922,697
	70,489	Banque Centrale Populaire		2,086,292
	71,980	Banque Marocaine du Commerce Exterieur #		1,449,584
	43,070	Cosumar #		776,200
	214,074	Maroc Telecom		3,238,419
				10,473,192
Nigeria: 10.3%
	28,354,530	Guaranty Trust Bank Plc #		2,847,534
	282,554	Nestle Nigeria Plc		1,084,883
	3,698,093	Nigerian Breweries Plc		928,010
	27,525,634	Zenith Bank Ltd.		1,623,040
				6,483,467
Singapore: 1.2%
	3,991,300	Golden Agri-Resources Ltd. #		729,415
South Africa: 33.0%
	48,837	Absa Group Ltd. #		523,416
	28,713	Al Noor Hospitals Group Plc (GBP) † #		160,445
	5,032	Anglo American Platinum Ltd. #		164,395
	24,732	AngloGold Ashanti Ltd. (ADR)		212,201
	30,740	Aspen Pharmacare Holdings Ltd. #		367,585
	24,825	AVI Ltd.		186,461
	10,182	Barloworld Ltd. #		88,637
	21,771	Bid Corp Ltd. #		453,463
	23,822	Bidvest Group Ltd. #		311,389
	4,316	Capitec Bank Holdings Ltd. #		311,981
	16,690	Clicks Group Ltd. #		206,133
	21,003	Coronation Fund Managers Ltd.		79,982
	37,788	Discovery Ltd. #		453,497
	18,045	Exxaro Resources Ltd. #		185,377
	263,983	FirstRand Ltd. #		1,265,389
	69,619	Fortress REIT Ltd. #		74,913
	16,136	Foschini Group Ltd. #		197,869
	51,326	Gold Fields Ltd. (ADR)		124,209
	168,742	Growthpoint Properties Ltd.		276,999
	17,025	Hyprop Investments Ltd.		111,044
	45,310	Impala Platinum Holdings Ltd. * #		87,454
	12,455	Imperial Holdings Ltd. #		153,884
	21,735	Investec Ltd. #		152,712
	34,230	Investec Plc (GBP) #		240,247
	10,682	Liberty Holdings Ltd.		85,131
	78,578	Life Healthcare Group Holdings Ltd.		136,375
	78,224	MMI Holdings Ltd. * #		95,868
	17,294	Mr Price Group Ltd. #		278,711
	125,367	MTN Group Ltd. #		775,796
	23,820	Naspers Ltd. #		5,125,986
	16,235	Nedbank Group Ltd. #		303,490
	96,678	Netcare Ltd. #		165,100
	308,761	Old Mutual Ltd. (GBP) #		652,132
	27,226	Pick n Pay Stores Ltd.		132,328
	11,174	Pioneer Foods Ltd.		72,644
	12,987	PSG Group Ltd. #		210,240
	48,185	Rand Merchant Investment Holdings Ltd. #		131,130
	294,731	Redefine Properties Ltd.		208,689
	37,787	Remgro Ltd. #		526,241
	19,654	Resilient REIT Ltd. #		80,686
	56,126	RMB Holdings Ltd. #		313,571
	132,203	Sanlam Ltd. #		738,050
	33,004	Sappi Ltd. #		206,899
	37,922	Sasol Ltd. (ADR)		1,465,306
	32,147	Shoprite Holdings Ltd. #		434,991
	12,502	Spar Group Ltd.		162,671
	90,588	Standard Bank Group Ltd. #		1,119,376
	20,322	Telkom SA SOC Ltd. #		74,167
	13,707	Tiger Brands Ltd. #		256,688
	29,447	Truworths International Ltd. #		173,559
	19,554	Vodacom Group Ltd. #		173,917
	75,707	Woolworths Holdings Ltd. #		265,235
				20,754,659
United Kingdom: 11.1%
	66,067	Anglo American Plc #		1,478,720
	387,698	Cenatamin Plc #		535,667
	8,448	Mondi Ltd. (ZAR) #		231,835
	28,357	Randgold Resources Ltd. (ADR)		2,000,586
	805,792	Tullow Oil Plc * #		2,750,056
				6,996,864
United States: 1.8%
	67,026	Kosmos Energy Ltd. *		626,693
	3,884	Royal Caribbean Cruises Ltd.		504,687
				1,131,380
Total Common Stocks (Cost: $55,725,356)				62,484,978
RIGHTS: 0.5% (Cost: $394,145)
Morocco: 0.5%
	35,675	Cosumar (MAD, expiring 12/28/18) *		302,461
MONEY MARKET FUND: 0.8% (Cost: $519,416)
	519,416	Dreyfus Government Cash Management Fund - Institutional Shares		519,416
Total Investments Before Collateral for Securities Loaned: 100.8% (Cost: $56,638,917)				63,306,855

Principal Amount
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 2.2%
Repurchase Agreements: 2.2%
$	1,000,000	Repurchase agreement dated 9/28/18 with Nomura Securities International, Inc., 2.27%, due 10/1/18, proceeds $1,000,189; (collateralized by various U.S. government and agency obligations, 0.00% to 9.50%, due 9/30/18 to 8/20/68, valued at $1,020,000 including accrued interest)		1,000,000
	391,998	Repurchase agreement dated 9/28/18 with RBC Capital Markets LLC, 2.25%, due 10/1/18, proceeds $392,071; (collateralized by various U.S. government and agency obligations, 0.00% to 5.71%, due 9/30/18 to 9/9/49, valued at $399,838 including accrued interest)		391,998
Total Short-Term Investments Held as Collateral for Securities on Loan (Cost: $1,391,998)				1,391,998
Total Investments: 103.0% (Cost: $58,030,915)				64,698,853
Liabilities in excess of other assets: (3.0)%				(1,865,402	)
NET ASSETS: 100.0%			$	62,833,451

Definitions:

ADR	American Depositary Receipt
CAD	Canadian Dollar
GBP	British Pound
GDR	Global Depositary Receipt
MAD	Moroccan Dirham
USD	United States Dollar
ZAR	South African Rand

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $1,283,393.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $31,320,345 which represents 49.8% 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 Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		19.6	%	$	12,409,000
Consumer Discretionary		4.2			2,634,311
Consumer Staples		10.7			6,751,006
Energy		5.6			3,562,126
Financials		35.1			22,241,641
Health Care		1.3			829,505
Industrials		0.6			400,026
Materials		20.9			13,207,493
Real Estate		1.2			752,331
Money Market Fund		0.8			519,416
		100.0	%	$	63,306,855

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Canada	$	5,092,194	$	—	$	—	$	5,092,194
Egypt		2,589,049		—		—		2,589,049
India		1,060,366		—		—		1,060,366
Kenya		2,545,650		3,020,715		—		5,566,365
Monaco		1,608,027		—		—		1,608,027
Morocco		8,247,408		2,225,784		—		10,473,192
Nigeria		3,635,933		2,847,534		—		6,483,467
Singapore		—		729,415		—		729,415
South Africa		3,254,040		17,500,619		—		20,754,659
United Kingdom		2,000,586		4,996,278		—		6,996,864
United States		1,131,380		—		—		1,131,380
Rights		302,461		—		—		302,461
Money Market Fund		519,416		—		—		519,416
Repurchase Agreements		—		1,391,998		—		1,391,998
Total	$	31,986,510	$	32,712,343	$	—	$	64,698,853

*	See Schedule of Investments for geographic sector breakouts.

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $12,166,959 and transfers from Level 2 to Level 1 were $7,048,696. 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 BRAZIL SMALL-CAP ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 87.6%
Automobiles & Components: 1.7%
	94,800	Mahle-Metal Leve SA Industria e Comercio	$	569,239
	124,350	Tupy SA		624,129
				1,193,368
Banks: 0.0%
	7,332	Banco ABC Brasil SA *		25,072
Capital Goods: 1.8%
	278,275	Iochpe Maxion SA		1,316,079
Commercial & Professional Services: 0.5%
	45,530	Atento SA (USD)		341,475
Consumer Durables & Apparel: 9.7%
	75,650	Arezzo Industria e Comercio SA		802,852
	620,550	Cyrela Brazil Realty SA Empreendimentos e Participacoes		1,650,272
	207,344	EZ Tec Empreendimentos e Participacoes SA		862,532
	666,900	Grendene SA		1,111,349
	18,500	Guararapes Confeccoes SA		476,409
	678,500	MRV Engenharia e Participacoes SA		2,064,792
				6,968,206
Consumer Services: 6.8%
	274,200	BK Brasil Operacao E Assessoria *		913,197
	317,600	CVC Brasil Operadora e Agencia de Viagens SA		3,405,989
	136,825	Ser Educacional SA Reg S 144A		560,371
				4,879,557
Energy: 5.6%
	270,494	Cosan Ltd. (USD)		1,820,425
	48,600	Modec, Inc. #		1,590,053
	196,500	QGEP Participacoes SA		644,693
				4,055,171
Food, Beverage & Tobacco: 7.7%
	158,119	Adecoagro SA (USD) *		1,162,175
	272,800	Camil Alimentos SA		474,194
	321,450	Marfrig Alimentos SA *		421,856
	192,900	Minerva SA *		239,301
	430,500	Sao Martinho SA		1,952,869
	86,900	SLC Agricola SA		1,312,360
				5,562,755
Health Care Equipment & Services: 6.8%
	119,500	Centro de Imagem Diagnosticos SA *		345,609
	96,850	Instituto Hermes Pardini SA		361,160
	654,550	Odontoprev SA		2,076,187
	523,300	Qualicorp SA		2,135,416
				4,918,372
Insurance: 0.4%
	165,450	Wiz Solucoes e Corretagem de Seguros SA		319,548
Materials: 3.4%
	681,825	Duratex SA		1,524,527
	54,300	Magnesita Refratarios SA		954,625
				2,479,152
Media & Entertainment: 3.2%
	107,900	Multiplus SA		651,106
	143,600	Smiles Fidelidade SA		1,635,636
				2,286,742
Real Estate: 4.8%
	174,823	Aliansce Shopping Centers SA		641,103
	240,750	BR Properties SA		456,039
	40,739	FII BTG Pactual Corporate Office Fund		978,289
	182,750	Iguatemi Empresa de Shopping Centers SA		1,405,056
				3,480,487
Retailing: 1.7%
	279,200	Cia Hering SA		1,228,506
Semiconductor: 1.3%
	32,431	SMART Global Holdings, Inc. (USD) *		932,067
Software & Services: 6.5%
	278,600	Linx SA		1,129,287
	1,223,430	Sonda SA		1,839,288
	281,650	Totvs SA		1,750,483
				4,719,058
Technology Hardware & Equipment: 1.5%
	31,815	Ituran Location and Control Ltd. (USD)		1,094,436
Telecommunication Services: 3.8%
	133,687	NII Holdings, Inc. (USD) * †		783,406
	3,549,150	Oi SA *		1,977,340
				2,760,746
Transportation: 3.4%
	65,672	DryShips, Inc. (USD)		400,599
	495,640	EcoRodovias Infraestrutura e Logistica SA		878,727
	128,241	Gol Linhas Aereas Inteligentes SA (ADR) * †		700,196
	689,600	Santos Brasil Participacoes SA		449,084
				2,428,606
Utilities: 17.0%
	504,150	AES Tiete Energia SA		1,185,927
	498,237	Alupar Investimento SA		1,955,419
	152,996	Cia de Saneamento de Minas Gerais SA		1,475,199
	235,800	Cia de Saneamento do Parana		2,419,569
	167,550	Cia Paranaense de Energia (ADR)		882,988
	15,800	Eletropaulo Metropolitana Eletricidade de Sao Paulo SA *		104,889
	190,950	Light SA		603,789
	730,000	Transmissora Alianca de Energia Eletrica SA		3,615,159
				12,242,939
Total Common Stocks (Cost: $68,589,159)				63,232,342
PREFERRED STOCKS: 12.4%
Banks: 1.2%
	169,088	Banco ABC Brasil SA, 7.6%		584,484
	38,000	Banco Inter SA Reg S 144A, 0.39%		285,949
				870,433
Capital Goods: 2.2%
	1,107,200	Marcopolo SA, 1.16%		937,620
	401,050	Randon Implementos e Participacoes SA, 1.68%		621,652
				1,559,272
Consumer Durables & Apparel: 1.4%
	343,955	Alpargatas SA, 4.56%		1,043,307
Materials: 5.0%
	1,384,450	Metalurgica Gerdau SA, 1.63%		2,735,613
	87,700	Unipar Carbocloro SA, 2.86%		885,132
				3,620,745
Utilities: 2.6%
	38,006	Cia de Gas de Sao Paulo, 14.61%		463,388
	374,250	Cia Energetica de Sao Paulo, 0.26%		1,376,141
				1,839,529
Total Preferred Stocks (Cost: $6,687,581)				8,933,286
WARRANTS: 0.0% (Cost: $0)
Capital Goods: 0.0%
	7,727	Iochpe Maxion SA Warrants (BRL 12.70, expiring 06/03/19)*		15,880
Total Investments Before Collateral for Securities Loaned: 100.0% (Cost: $75,276,740)				72,181,508

Principal Amount
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 1.1% (Cost: $787,106)
Repurchase Agreement: 1.1%
$	787,106	Repurchase agreement dated 9/28/18 with HSBC Securities USA, Inc., 2.25%, due 10/1/18, proceeds $787,254; (collateralized by various U.S. government and agency obligations, 2.50% to 6.50%, due 9/1/25 to 1/1/57, valued at $802,848 including accrued interest)		787,106
Total Investments: 101.1% (Cost: $76,063,846)				72,968,614
Liabilities in excess of other assets: (1.1)%				(773,886	)
NET ASSETS: 100.0%			$	72,194,728

Definitions:

ADR	American Depositary Receipt
BRL	Brazilian Real
USD	United States Dollar

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $716,885.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $1,590,053 which represents 2.2% 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 $846,320, or 1.2% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		7.0	%	$	5,047,488
Consumer Discretionary		21.2			15,312,944
Consumer Staples		7.7			5,562,755
Energy		5.6			4,055,171
Financials		3.0			2,193,342
Health Care		6.8			4,918,372
Industrials		7.8			5,661,312
Information Technology		9.4			6,745,561
Materials		8.5			6,099,897
Real Estate		3.5			2,502,198
Utilities		19.5			14,082,468
		100.0	%	$	72,181,508

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Automobiles & Components	$	1,193,368	$	—	$	—	$	1,193,368
Banks		25,072		—		—		25,072
Capital Goods		1,316,079		—		—		1,316,079
Commercial & Professional Services		341,475		—		—		341,475
Consumer Durables & Apparel		6,968,206		—		—		6,968,206
Consumer Services		4,879,557		—		—		4,879,557
Energy		2,465,118		1,590,053		—		4,055,171
Food, Beverage & Tobacco		5,562,755		—		—		5,562,755
Health Care Equipment & Services		4,918,372		—		—		4,918,372
Insurance		319,548		—		—		319,548
Materials		2,479,152		—		—		2,479,152
Media & Entertainment		2,286,742		—		—		2,286,742
Real Estate		3,480,487		—		—		3,480,487
Retailing		1,228,506		—		—		1,228,506
Semiconductor		932,067		—		—		932,067
Software & Services		4,719,058		—		—		4,719,058
Technology Hardware & Equipment		1,094,436		—		—		1,094,436
Telecommunication Services		2,760,746		—		—		2,760,746
Transportation		2,428,606		—		—		2,428,606
Utilities		12,242,939		—		—		12,242,939
Preferred Stocks*		8,933,286		—		—		8,933,286
Warrants*		15,880		—		—		15,880
Repurchase Agreement		—		787,106		—		787,106
Total	$	70,591,455	$	2,377,159	$	—	$	72,968,614

*	See Schedule of Investments for industry sector breakouts.

During the period ended September 30, 2018, transfers of securities from Level 2 to Level 1 were $6,089,732. 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 CHINAAMC CSI 300 ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 100.0%
Automobiles & Components: 3.0%
	34,981	Byd Co. Ltd. #	$	250,140
	33,409	China Shipbuilding Industry Group Power Co. Ltd. #		112,589
	75,085	Chongqing Changan Automobile Co. Ltd. #		79,490
	54,000	Fuyao Glass Industry Group Co. Ltd. #		199,972
	46,574	Great Wall Motor Co. Ltd. #		53,308
	24,580	Guangzhou Automobile Group Co. Ltd. #		39,507
	60,673	Huayu Automotive Systems Co. Ltd. #		198,576
	16,700	Kuang-Chi Technologies Co. Ltd. #		21,809
	134,963	SAIC Motor Corp. Ltd. #		653,305
	53,092	Wanxiang Qianchao Co. Ltd. #		46,044
	10,000	Zhejiang Century Huatong Group Co. Ltd. # §		47,270
	50,600	Zhejiang Wanfeng Auto Wheel Co. Ltd. #		52,400
				1,754,410
Banks: 18.5%
	1,476,000	Agricultural Bank of China Ltd. #		835,134
	570,315	Bank of Beijing Co. Ltd. #		506,878
	15,300	Bank of Chengdu Co. Ltd. #		20,526
	812,000	Bank of China Ltd. #		439,324
	1,058,616	Bank of Communications Co. Ltd. #		899,255
	53,200	Bank of Guiyang Co. Ltd. #		94,697
	78,960	Bank of Hangzhou Co. Ltd. #		89,819
	266,800	Bank of Jiangsu Co. Ltd. #		250,737
	228,771	Bank of Nanjing Co. Ltd. #		254,678
	97,735	Bank of Ningbo Co. Ltd. #		252,603
	210,466	Bank of Shanghai Co. Ltd. #		373,288
	118,100	China CITIC Bank Corp. Ltd. #		104,106
	295,700	China Construction Bank Corp. #		311,450
	613,500	China Everbright Bank Co. Ltd. #		348,929
	397,389	China Merchants Bank Co. Ltd. #		1,774,391
	1,093,017	China Minsheng Banking Corp. Ltd. #		1,007,834
	247,056	Huaxia Bank Co. Ltd. #		293,546
	831,004	Industrial & Commercial Bank of China Ltd. #		697,395
	480,191	Industrial Bank Co. Ltd. #		1,114,327
	330,809	Ping An Bank Co. Ltd. #		531,632
	452,245	Shanghai Pudong Development Bank Co. Ltd. #		698,722
				10,899,271
Capital Goods: 9.8%
	53,400	AVIC Aircraft Co. Ltd. #		123,388
	34,800	AVIC Aviation Engine Corp. Plc #		121,908
	11,400	AVIC Helicopter Co. Ltd. #		66,170
	32,600	Beijing New Building Materials Plc #		78,706
	51,200	Beijing Orient Landscape & Environment Co. Ltd. #		77,255
	20,399	China Avionics Systems Co. Ltd. #		42,930
	58,924	China Communications Construction Co. Ltd. #		109,597
	106,500	China Gezhouba Group Co. Ltd. #		113,031
	75,900	China National Chemical Engineering Co. Ltd. #		73,669
	30,300	China Nuclear Engineering Corp. Ltd. #		34,173
	177,200	China Railway Construction Corp. Ltd. #		287,562
	213,808	China Railway Group Ltd. #		241,740
	352,600	China Shipbuilding Industry Co. Ltd. #		218,000
	22,900	China Spacesat Co. Ltd. #		61,767
	809,108	China State Construction Engineering Corp. Ltd. #		646,333
	281,215	CRRC Corp. Ltd. #		353,416
	41,435	Fangda Carbon New Material Co. Ltd. #		135,017
	26,280	Guoxuan High-Tech Co. Ltd. #		52,336
	32,900	Han’s Laser Technology Co. Ltd. #		202,678
	20,400	Jiangsu Guoxin Corp. Ltd. * #		21,677
	71,500	Jiangsu Zhongnan Construction Group Co. Ltd. #		64,316
	94,600	Jiangsu Zhongtian Technology Co. Ltd. #		117,991
	95,386	Luxshare Precision Industry Co. Ltd. #		213,830
	206,300	Metallurgical Corp. of China Ltd. #		107,159
	70,711	NARI Technology Co. Ltd. #		181,551
	176,800	Power Construction Corp. of China Ltd. #		137,630
	178,200	Sany Heavy Industry Co. Ltd. #		230,226
	171,448	Shanghai Construction Group Co. Ltd. #		77,318
	134,700	Shanghai Electric Group Co. Ltd. #		103,274
	72,600	Shanghai Tunnel Engineering Co. Ltd. #		64,529
	38,449	Shenzhen Inovance Technology Co. Ltd. #		154,970
	42,089	Siasun Robot & Automation Co. Ltd. #		99,988
	61,061	Suzhou Gold Mantis Construction Decoration Co. Ltd. #		79,880
	143,107	TBEA Co. Ltd. #		149,371
	186,500	Weichai Power Co. Ltd. #		232,018
	163,400	XCMG Construction Machinery Co. Ltd. #		93,950
	54,600	Xiamen C & D, Inc. #		64,358
	78,300	Xinjiang Goldwind Science and Technology Co. Ltd. #		136,785
	33,100	Zhejiang Chint Electrics Co. Ltd. #		110,900
	32,700	Zhejiang Sanhua Intelligent Controls Co. Ltd. #		63,402
	51,153	Zhengzhou Yutong Bus Co. Ltd. #		109,046
	172,800	Zoomlion Heavy Industry Science and Technology Co. Ltd. #		94,025
				5,747,870
Commercial & Professional Services: 0.3%
	72,441	Beijing Originwater Technology Co. Ltd. #		105,261
	67,800	Jihua Group Corp. Ltd. #		36,600
	27,532	Sound Environmental Co. Ltd. #		54,078
				195,939
Consumer Durables & Apparel: 5.0%
	185,428	Gree Electric Appliances, Inc. * #		1,084,267
	18,172	Hangzhou Robam Appliances Co. Ltd. #		61,902
	69,194	Heilan Home Co. Ltd. #		103,544
	171,695	Midea Group Co. Ltd. # §		1,035,997
	4,900	Oppein Home Group, Inc. #		67,572
	140,900	Qingdao Haier Co. Ltd. #		338,525
	24,800	Suofeiya Home Collection Co. Ltd. #		78,853
	417,700	TCL Corp. #		170,765
	3,500	Xiamen Intretech, Inc. #		22,558
				2,963,983
Consumer Services: 1.0%
	37,700	China International Travel Service Corp. Ltd. #		372,928
	126,420	Shenzhen Overseas Chinese Town Co. Ltd. #		115,867
	27,900	Songcheng Performance Development Co. Ltd. #		90,369
				579,164
Diversified Financials: 6.5%
	84,236	Anxin Trust Co. Ltd. #		63,533
	172,986	AVIC Capital Co. Ltd. #		117,608
	71,000	Bohai Capital Holding Co. Ltd. #		40,401
	15,200	Caitong Securities Co. Ltd. #		20,070
	49,700	China Galaxy Securities Co. Ltd. #		51,121
	88,000	China Merchants Securities Co. Ltd. #		168,165
	303,200	CITIC Securities Co. Ltd. #		736,025
	53,200	Dongxing Securities Co. Ltd. #		79,433
	139,417	East Money Information Co. Ltd. #		228,129
	75,271	Everbright Securities Co. Ltd. #		104,003
	80,980	First Capital Securities Co. Ltd. #		61,601
	158,550	Founder Securities Co. Ltd. #		127,316
	144,750	Guotai Junan Securities Co. Ltd. #		315,843
	94,830	Guoyuan Securities Co. Ltd. #		116,388
	311,736	Haitong Securities Co. Ltd. #		406,248
	8,300	Hithink RoyalFlush Information Network Co. Ltd. #		41,692
	69,700	Huaan Securities Co. Ltd. #		51,207
	125,804	Huatai Securities Co. Ltd. * #		288,343
	178,850	Industrial Securities Co. Ltd. #		118,087
	137,900	Orient Securities Co. Ltd. #		179,161
	262,635	Pacific Securities Co. Ltd. #		86,309
	32,600	SDIC Capital Co. Ltd. #		39,555
	260,438	Shenwan Hongyuan Group Co. Ltd. #		170,474
	81,500	Sinolink Securities Co. Ltd. #		83,245
	92,500	SooChow Securities Co. Ltd. #		85,995
	108,628	Southwest Securities Co. Ltd. #		56,416
	14,200	Zheshang Securities Co. Ltd. #		15,346
				3,851,714
Energy: 2.7%
	70,600	China Coal Energy Co. Ltd. #		54,229
	22,900	China Oilfield Services Ltd. #		38,333
	405,000	China Petroleum and Chemical Corp. #		419,859
	64,600	China Petroleum Engineering Corp. #		53,044
	76,210	China Shenhua Energy Co. Ltd. #		226,002
	85,180	Offshore Oil Engineering Co. Ltd. #		83,934
	249,500	PetroChina Co. Ltd. #		333,112
	154,207	Shaanxi Coal Industry Co. Ltd. #		195,026
	47,200	Shanxi Meijin Energy Co. Ltd. * #		24,552
	60,600	Shanxi Xishan Coal & Electricity Power Co. Ltd. #		58,597
	213,610	Wintime Energy Co. Ltd. * # §		51,885
	34,100	Yanzhou Coal Mining Co. Ltd. #		57,109
				1,595,682
Financials: 0.9%
	149,200	Changjiang Securities Co. Ltd. #		110,740
	113,956	GF Securities Co. Ltd. #		229,613
	77,750	Guoyuan Securities Co. Ltd. #		77,902
	65,400	Shanxi Securities Co. Ltd. #		59,373
	67,514	Western Securities Co. Ltd. #		79,465
				557,093
Food, Beverage & Tobacco: 9.0%
	81,675	Beijing Dabeinong Technology Group Co. Ltd. #		43,689
	31,100	Foshan Haitian Flavouring and Food Co. Ltd. #		358,236
	38,167	Henan Shuanghui Investment and Development Co. Ltd. #		145,173
	234,100	Inner Mongolia Yili Industrial Group Co. Ltd. #		875,281
	23,299	Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. #		433,505
	19,226	Kweichow Moutai Co. Ltd. #		2,041,918
	28,093	Luzhou Laojiao Co. Ltd. #		194,279
	24,100	Muyuan Foodstuff Co. Ltd. #		87,234
	81,200	New Hope Liuhe Co. Ltd. #		72,412
	9,860	Shanxi Xinghuacun Fen Wine Factory Co. Ltd. #		67,859
	74,800	Tongwei Co. Ltd. #		72,636
	74,800	Wuliangye Yibin Co. Ltd. #		738,818
	147,456	Yonghui Superstores Co. Ltd. #		174,831
				5,305,871
Health Care Equipment & Services: 1.5%
	36,648	Aier Eye Hospital Group Co. Ltd. #		171,835
	28,034	Huadong Medicine Co. Ltd. #		171,134
	41,200	Lepu Medical Technology Beijing Co. Ltd. #		181,598
	48,095	Meinian Onehealth Healthcare Holdings Co. Ltd. #		120,456
	27,665	Searainbow Holding Corp. * #		80,980
	44,473	Shanghai Pharmaceuticals Holding Co. Ltd. #		132,627
				858,630
Insurance: 9.0%
	64,111	China Life Insurance Co. Ltd. #		211,401
	121,117	China Pacific Insurance Group Co. Ltd. #		625,316
	57,100	Hubei Biocause Pharmaceutical Co. Ltd. #		52,423
	32,176	New China Life Insurance Co. Ltd. #		236,150
	417,358	Ping An Insurance Group Co. of China Ltd. #		4,157,588
				5,282,878
Materials: 7.2%
	253,400	Aluminum Corporation of China Ltd. * #		148,381
	71,100	Angang Steel Co. Ltd. #		63,493
	77,100	Anhui Conch Cement Co. Ltd. #		412,391
	32,300	Baiyin Nonferrous Group Co. Ltd. #		18,280
	343,228	Baoshan Iron and Steel Co. Ltd. #		391,831
	128,500	BBMG Corp. #		69,363
	76,836	Beijing Kangde Xin Composite Material Co. Ltd. # §		190,096
	45,265	Beijing Sanju Environmental Protection and New Material Co. Ltd. #		98,039
	61,000	Beijing Shougang Co. Ltd. * #		38,602
	46,300	China Hainan Rubber Industry Group Co. Ltd. * # §		32,593
	80,900	China Jushi Co. Ltd. #		124,922
	88,600	China Molybdenum Co. Ltd. #		58,766
	83,970	China Northern Rare Earth Group High-Tech Co. Ltd. #		124,983
	163,700	Hebei Iron & Steel Co. Ltd. #		77,640
	29,200	Hengli Petrochemical Co. Ltd. #		68,212
	2,800	Hoshine Silicon Industry Co. Ltd. #		22,533
	130,016	Inner Mongolia Junzheng Energy and Chemical Industry Co. Ltd. #		59,977
	519,660	Inner Mongolian Baotou Steel Union Co. Ltd. #		125,503
	11,336	Jiangsu Bicon Pharmaceutical Listed Co. Ltd. #		33,948
	39,900	Jiangxi Copper Co. Ltd. #		83,996
	30,100	Jiangxi Ganfeng Lithium Co. Ltd. #		142,384
	37,200	Jinduicheng Molybdenum Co. Ltd. #		34,211
	60,600	Kingenta Ecological Engineering Group Co. Ltd. #		59,627
	23,500	Lomon Billions Group Co. Ltd. #		47,023
	20,300	Minmetals Capital Co. Ltd. * #		23,576
	53,724	Qinghai Salt Lake Industry Co. Ltd. * #		70,979
	48,400	Rongsheng Petro Chemical Co. Ltd. #		78,872
	28,700	Shandong Gold Mining Co. Ltd. #		98,846
	213,900	Shandong Nanshan Aluminum Co. Ltd. #		86,511
	96,250	Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. #		64,109
	56,500	Sinopec Shanghai Petrochemical Co. Ltd. #		48,187
	26,465	Tianqi Lithium Corp. #		146,501
	243,300	Tongling Nonferrous Metals Group Co. Ltd. #		77,501
	63,170	Wanhua Chemical Group Co. Ltd. #		390,491
	32,720	Xiamen Tungsten Co. Ltd. #		68,314
	19,118	Zhejiang Huayou Cobalt Co. Ltd. #		148,155
	100,400	Zhejiang Longsheng Group Co. Ltd. #		142,606
	66,446	Zhongjin Gold Corp. Ltd. #		65,664
	399,800	Zijin Mining Group Co. Ltd. #		207,748
				4,244,854
Media & Entertainment: 1.2%
	33,820	Beijing Enlight Media Co. Ltd. #		38,311
	28,829	China Film Co. Ltd. #		54,876
	21,200	Chinese Universe Publishing and Media Co. Ltd. #		33,688
	105,650	CITIC Guoan Information Industry Co. Ltd. #		59,587
	22,600	Giant Network Group Co. Ltd. # §		62,389
	64,054	Huayi Brothers Media Corp. #		49,662
	43,180	Jiangsu Broadcasting Cable Information Network Corp. Ltd. * #		29,112
	15,200	Perfect World Co. Ltd. #		53,484
	66,167	Shanghai Oriental Pearl Media Co. Ltd. #		97,050
	40,050	Wanda Film Holding Co. Ltd. # §		165,266
	33,100	Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co. Ltd. #		51,868
				695,293
Pharmaceuticals, Biotechnology: 5.0%
	21,100	Beijing Tongrentang Co. Ltd. #		97,530
	18,500	Chongqing Zhifei Biological Products Co. Ltd. #		131,418
	21,661	Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. #		115,287
	21,460	Hualan Biological Engineering, Inc. #		118,379
	85,081	Jiangsu Hengrui Medicine Co. Ltd. #		785,717
	35,890	Jilin Aodong Medicine Industry Groups Co. Ltd. #		85,715
	114,858	Kangmei Pharmaceutical Co. Ltd. #		365,463
	17,110	Shandong Buchang Pharmaceuticals Co. Ltd. #		72,549
	17,700	Shandong Dong-E E-Jiao Co. Ltd. #		122,252
	38,800	Shanghai Fosun Pharmaceutical Group Co. Ltd. #		178,082
	53,860	Shanghai RAAS Blood Products Co. Ltd. # §		152,938
	16,000	Shenzhen Salubris Pharmaceuticals Co. Ltd. #		65,807
	35,070	Tasly Pharmaceutical Group Co. Ltd. #		116,707
	55,439	Tonghua Dongbao Pharmaceutical Co. Ltd. #		146,441
	19,460	Yunnan Baiyao Group Co. Ltd. # §		211,311
	11,600	Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. #		171,022
				2,936,618
Real Estate: 4.6%
	49,800	Beijing Capital Development Co. Ltd. #		52,109
	45,474	China Fortune Land Development Co. Ltd. #		167,611
	91,459	China Merchants Shekou Industrial Zone Co. Ltd. #		249,191
	187,400	China Vanke Co. Ltd. #		663,773
	46,000	Financial Street Holdings Co. Ltd. #		47,124
	34,900	Future Land Holdings Co. Ltd. #		133,184
	87,001	Gemdale Corp. #		114,999
	140,600	Greenland Holdings Corp. Ltd. #		131,085
	274,204	Poly Real Estate Group Co. Ltd. #		485,713
	12,200	Red Star Macalline Group Corp. Ltd. #		23,939
	66,900	RiseSun Real Estate Development Co. Ltd. #		77,823
	28,140	Shanghai Lujiazui Finance and Trade Zone Development Co. Ltd. #		63,868
	62,400	Sunshine City Group Co. Ltd. #		54,171
	165,581	Xinhu Zhongbao Co. Ltd. #		74,966
	96,574	Youngor Group Co. Ltd. #		104,139
	104,800	Zhejiang China Commodities City Group Co. Ltd. #		62,058
	305,400	Zhongtian Financial Group Co. Ltd. # §		182,713
				2,688,466
Retailing: 0.9%
	94,120	China Grand Automotive Services Co. Ltd. #		88,595
	47,200	Liaoning Cheng Da Co. Ltd. #		94,992
	18,100	Nanjing Xinjiekou Department Store Co. Ltd. #		30,384
	143,500	Suning Commerce Group Co. Ltd. #		281,510
	66,360	Wuchan Zhongda Group Co. Ltd. #		48,111
				543,592
Semiconductor: 0.7%
	75,260	LONGi Green Energy Technology Co. Ltd. #		155,067
	94,423	Sanan Optoelectronics Co. Ltd. #		224,558
	3,500	Shenzhen Huiding Technology Co. Ltd. #		40,735
				420,360
Software & Services: 1.7%
	15,600	360 Security Technology, Inc. #		60,046
	43,000	Aisino Co. Ltd. #		174,039
	56,230	Anhui USTC iFlytek Co. Ltd. #		233,659
	12,306	Beijing Shiji Information Technology Co. Ltd. #		60,478
	72,573	DHC Software Co. Ltd. #		95,052
	19,000	Hundsun Technologies, Inc. #		152,622
	56,231	Wangsu Science and Technology Co. Ltd. #		76,003
	36,573	Yonyou Network Technology Co. Ltd. #		148,027
				999,926
Technology Hardware & Equipment: 5.1%
	109,754	Beijing Xinwei Telecom Technology Group Co. Ltd. * # §		177,749
	913,300	BOE Technology Group Co. Ltd. #		418,424
	40,200	Chaozhou Three-Circle Group Co. Ltd. #		121,467
	147,700	Dongxu Optoelectronic Technology Co. Ltd. #		116,483
	21,422	Fiberhome Telecommunication Technologies Co. Ltd. #		92,630
	280,612	Focus Media Information Technology Co. Ltd. #		346,595
	75,000	GoerTek, Inc. #		90,377
	142,264	Hangzhou Hikvision Digital Technology Co. Ltd. #		595,044
	51,280	Hengtong Optic-electric Co. Ltd. #		177,601
	30,349	Lens Technology Co. Ltd. #		43,568
	73,250	Shenzhen O-film Tech Co. Ltd. #		143,680
	30,300	Shenzhen Sunway Communication Co. Ltd. #		117,221
	68,500	Tsinghua Tongfang Co. Ltd. #		97,127
	7,900	Unisplendour Corp. Ltd. #		48,367
	66,895	Zhejiang Dahua Technology Co. Ltd. #		143,705
	91,120	ZTE Corp. * #		242,665
				2,972,703
Telecommunication Services: 0.6%
	358,678	China United Network Communications Ltd. #		290,467
	55,128	Dr Peng Telecom & Media Group Co. Ltd. #		84,127
				374,594
Transportation: 3.0%
	115,100	Air China Ltd. #		136,500
	147,100	China COSCO Holdings Co. Ltd. * #		87,314
	151,200	China Eastern Airlines Corp. Ltd. #		123,143
	21,400	China Merchants Expressway Network & Technology Holdings Co. Ltd. #		26,574
	122,300	China Shipping Container Lines Co. Ltd. * #		42,527
	135,200	China Southern Airlines Co. Ltd. #		132,871
	229,191	Daqin Railway Co. Ltd. #		274,377
	130,700	Guangshen Railway Co. Ltd. #		68,661
	71,600	Guangzhou Port Co. Ltd. #		52,532
	440,000	Hainan Airlines Co. Ltd. #		131,847
	152,267	Ningbo Port Co. Ltd. #		90,876
	10,100	SF Holding Co. Ltd. #		63,021
	37,000	Shanghai International Airport Co. Ltd. #		316,583
	116,100	Shanghai International Port Group Co. Ltd. #		91,340
	10,700	Spring Airlines Co. Ltd. #		55,875
	11,800	STO Express Co. Ltd. #		33,634
	12,900	YTO Express Group Co. Ltd. #		24,714
				1,752,389
Utilities: 2.8%
	92,900	Beijing Capital Co. Ltd. #		51,241
	179,899	China National Nuclear Power Co. Ltd. #		157,312
	254,300	China Yangtze Power Co. Ltd. #		605,784
	95,500	Datang International Power Generation Co. Ltd. #		47,265
	454,300	GD Power Development Co. Ltd. #		168,536
	69,300	Huaneng Lancang River Hydropower, Inc. #		28,439
	161,831	Huaneng Power International, Inc. #		181,421
	156,900	SDIC Power Holdings Co. Ltd. #		175,241
	84,700	Sichuan Chuantou Energy Co. Ltd. #		103,245
	157,310	Zhejiang Zheneng Electric Power Co. Ltd. #		116,132
				1,634,616
Total Common Stocks (Cost: $56,143,173)				58,855,916

Principal Amount
FOREIGN DEBT OBLIGATION: 0.0% (Cost: $17,231)
Software & Services: 0.0%
$	107,000	Aisino Corp. 1.50%, 06/12/21 §		16,574
Total Investments: 100.0% (Cost: $56,160,404)				58,872,490
Other assets less liabilities: 0.0%				13,299
NET ASSETS: 100.0%			$	58,885,789

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 $58,855,916 which represents 99.9% of net assets.
§	Illiquid Security – the aggregate value of illiquid securities is $2,326,781 which represents 4.0% of net assets.

Summary of Investments by Sector	% of Investments			Value
Communication Services		1.8	%	$	1,069,887
Consumer Discretionary		9.9			5,841,149
Consumer Staples		9.0			5,305,871
Energy		2.7			1,595,682
Financials		35.0			20,590,956
Health Care		6.4			3,795,248
Industrials		13.1			7,696,198
Information Technology		7.5			4,409,563
Materials		7.2			4,244,854
Real Estate		4.6			2,688,466
Utilities		2.8			1,634,616
		100.0	%	$	58,872,490

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks*	$	—	$	58,855,916	$	—	$	58,855,916
Foreign Debt Obligation*		—		16,574		—		16,574
Total	$	—	$	58,872,490	$	—	$	58,872,490

*	See Schedule of Investments for industry breakouts.

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $30,794,776. 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 CHINAAMC SME-CHINEXT ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 99.9%
Automobiles & Components: 2.7%
	58,222	Byd Co. Ltd. #	$	416,330
	82,758	Zhejiang Wanfeng Auto Wheel Co. Ltd. #		85,703
				502,033
Banks: 2.4%
	176,032	Bank of Ningbo Co. Ltd. #		454,968
Capital Goods: 13.5%
	92,200	AVIC Electromechanical Systems Co. Ltd. #		112,682
	99,200	Beijing Orient Landscape Co. Ltd. #		149,682
	51,400	Beijing SPC Environmental Protection Tech Co. Ltd. #		64,414
	36,005	Eve Energy Co. Ltd. #		74,429
	93,300	Guangdong LY Intelligent Manufacturing Co. Ltd. * #		43,172
	51,130	Guoxuan High-Tech Co. Ltd. #		101,825
	61,800	Han’s Laser Technology Co. Ltd. #		380,714
	80,800	Inner Mongolia M-Grass Ecology & Enviroment Group Co. Ltd. #		59,853
	92,100	Jiangxi Special Electric Motor Co. Ltd. #		100,226
	166,492	Luxshare Precision Industry Co. Ltd. #		373,231
	40,800	Shenwu Environmental Technology Co. Ltd. *		30,502
	68,490	Shenzhen Inovance Technology Co. Ltd. #		276,052
	85,822	Siasun Robot & Automation Co. Ltd. #		203,882
	67,200	Sungrow Power Supply Co. Ltd. #		67,637
	98,349	Suzhou Gold Mantis Construction Decoration Co. Ltd. #		128,661
	148,770	Xinjiang Goldwind Science and Technology Co. Ltd. #		259,892
	58,751	Zhejiang Sanhua Intelligent Controls Co. Ltd. #		113,913
				2,540,767
Commercial & Professional Services: 1.2%
	114,963	Beijing Originwater Technology Co. Ltd. #		167,048
	89,597	BlueFocus Communication Group Co. Ltd. #		61,366
				228,414
Consumer Durables & Apparel: 2.2%
	33,780	Hangzhou Robam Appliances Co. Ltd. #		115,070
	60,351	NavInfo Co. Ltd. #		161,110
	42,593	Suofeiya Home Collection Co. Ltd. #		135,427
				411,607
Consumer Services: 0.8%
	49,821	Songcheng Performance Development Co. Ltd. #		161,371
Diversified Financials: 5.7%
	271,907	East Money Information Co. Ltd. #		444,922
	147,080	First Capital Securities Co. Ltd. #		111,884
	154,381	Guoyuan Securities Co. Ltd. #		189,477
	13,700	Hithink RoyalFlush Information Network Co. Ltd. #		68,818
	113,900	Shanxi Securities Co. Ltd. #		103,404
	132,410	Western Securities Co. Ltd. #		155,849
				1,074,354
Food, Beverage & Tobacco: 9.8%
	153,475	Beijing Dabeinong Technology Group Co. Ltd. #		82,096
	265,088	Guangdong Wens Foodstuffs Group Co. Ltd. #		895,028
	39,138	Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. #		728,207
	42,020	Muyuan Foodstuff Co. Ltd. #		152,098
				1,857,429
Health Care Equipment & Services: 4.8%
	57,700	Aier Eye Hospital Group Co. Ltd. #		270,547
	41,720	Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. #		112,821
	63,596	Lepu Medical Technology Beijing Co. Ltd. #		280,313
	100,780	Meinian Onehealth Healthcare Holdings Co. Ltd. #		252,408
				916,089
Materials: 10.5%
	178,895	Beijing Kangde Xin Composite Material Co. Ltd. # §		442,594
	64,369	Beijing Oriental Yuhong Waterproof Technology Co. Ltd. #		136,096
	80,789	Beijing Sanju Environmental Protection and New Material Co. Ltd. # §		174,979
	199,676	GEM Co. Ltd. #		152,442
	53,100	Jiangxi Ganfeng Lithium Co. Ltd. #		251,182
	104,000	Kingenta Ecological Engineering Group Co. Ltd. #		102,330
	38,700	Lomon Billions Group Co. Ltd. #		77,438
	3,900	Nanjing Hanrui Cobalt Co. Ltd. #		72,350
	47,700	Sansteel Minguang Co Ltd Fujian #		121,975
	51,120	Tianqi Lithium Industries, Inc. #		282,982
	104,500	Xinjiang Zhongtai Chemical Co. Ltd. #		130,486
	20,700	Zhejiang Transfar Co. Ltd. #		28,685
				1,973,539
Media & Entertainment: 4.7%
	66,910	Beijing Enlight Media Co. Ltd. #		75,796
	37,900	Beijing Kunlun Tech Co. Ltd. #		77,951
	32,280	Giant Network Group Co. Ltd. # §		89,111
	31,200	Hangzhou Shunwang Technology Co. Ltd. #		74,199
	113,691	Huayi Brothers Media Corp. #		88,147
	181,540	Ourpalm Co. Ltd. #		112,528
	26,300	Perfect World Co. Ltd. #		92,542
	54,450	Wanda Film Holding Co. Ltd. # §		224,688
	37,900	Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co. Ltd. #		59,389
				894,351
Pharmaceuticals, Biotechnology: 9.0%
	29,398	Beijing SL Pharmaceutical Co. Ltd. #		137,481
	3,100	BGI Genomics Co. Ltd. #		29,273
	32,300	Chongqing Zhifei Biological Products Co. Ltd. #		229,449
	38,160	Hualan Biological Engineering, Inc. #		210,500
	89,363	Shanghai RAAS Blood Products Co. Ltd. # §		253,750
	25,640	Shenzhen Salubris Pharmaceuticals Co. Ltd. #		105,456
	65,698	Sichuan Kelun Pharmaceutical Co. Ltd. #		254,905
	81,500	Walvax Biotechnology Co. Ltd. * #		258,542
	44,200	Yifan Pharmaceutical Co. Ltd. #		75,861
	59,870	Zhejiang NHU Co. Ltd. #		135,693
				1,690,910
Real Estate: 0.8%
	124,200	RiseSun Real Estate Development Co. Ltd. #		144,478
Retailing: 2.5%
	244,337	Suning Commerce Group Co. Ltd. #		479,326
Semiconductor: 1.2%
	124,720	Tianjin Zhonghuan Semiconductor Joint-Stock Co. Ltd. #		138,138
	121,900	Tianshui Huatian Technology Co. Ltd. #		90,109
				228,247
Software & Services: 7.6%
	109,050	Anhui USTC iFlytek Co. Ltd. #		453,149
	22,990	Beijing Shiji Information Technology Co. Ltd. #		112,984
	66,800	Beijing Sinnet Technology Co. Ltd. # §		137,660
	136,458	DHC Software Co. Ltd. #		178,724
	217,241	Shanghai 2345 Network Holding Group Co. Ltd. #		135,902
	38,900	Venustech Group, Inc. #		106,818
	112,350	Wangsu Science and Technology Co. Ltd. #		151,854
	52,400	Wonders Information Co. Ltd. #		153,227
				1,430,318
Technology Hardware & Equipment: 19.6%
	75,400	Chaozhou Three-Circle Group Co. Ltd. #		227,827
	27,970	China Aviation Optical-Electrical Technology Co. Ltd. #		179,137
	533,860	Focus Media Information Technology Co. Ltd. #		659,391
	140,916	GoerTek, Inc. #		169,807
	111,900	Guangzhou Haige Communications Group, Inc. Co. #		142,998
	243,550	Hangzhou Hikvision Digital Technology Co. Ltd. #		1,018,690
	51,368	Lens Technology Co. Ltd. #		73,744
	104,450	Leyard Optoelectronic Co. Ltd. #		113,991
	39,700	Shenzhen Everwin Precision Technology Co. Ltd. #		58,579
	139,762	Shenzhen O-film Tech Co. Ltd. #		274,144
	55,201	Shenzhen Sunway Communication Co. Ltd. #		213,556
	28,000	Tongfang Guoxin Electronics Co. Ltd. #		153,500
	134,300	Wuhu Token Science Co. Ltd. #		100,036
	49,000	Zhejiang Crystal-Optech Co. Ltd. #		74,091
	114,805	Zhejiang Dahua Technology Co. Ltd. #		246,627
				3,706,118
Transportation: 0.6%
	17,300	SF Holding Co. Ltd. #		107,947
Utilities: 0.3%
	44,700	Beijing Water Business Doctor Co. Ltd. #		59,502
Total Common Stocks (Cost: $18,441,930)				18,861,768
Other assets less liabilities: 0.1%				10,539
NET ASSETS: 100.0%			$	18,872,307

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 $18,831,266 which represents 99.8% of net assets.
§	Illiquid Security — the aggregate value of illiquid securities is $1,363,846 which represents 7.2% of net assets.

Summary of Investments by Sector	% of Investments			Value
Communication Services		4.7	%	$	894,351
Consumer Discretionary		8.2			1,554,337
Consumer Staples		9.9			1,857,429
Financials		8.1			1,529,322
Health Care		13.8			2,606,999
Industrials		15.3			2,877,128
Information Technology		28.4			5,364,683
Materials		10.5			1,973,539
Real Estate		0.8			144,478
Utilities		0.3			59,502
		100.0	%	$	18,861,768

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Automobiles & Components	$	—	$	502,033	$	—	$	502,033
Banks		—		454,968		—		454,968
Capital Goods		30,502		2,510,265		—		2,540,767
Commercial & Professional Services		—		228,414		—		228,414
Consumer Durables & Apparel		—		411,607		—		411,607
Consumer Services		—		161,371		—		161,371
Diversified Financials		—		1,074,354		—		1,074,354
Food, Beverage & Tobacco		—		1,857,429		—		1,857,429
Health Care Equipment & Services		—		916,089		—		916,089
Materials		—		1,973,539		—		1,973,539
Media & Entertainment		—		894,351		—		894,351
Pharmaceuticals, Biotechnology		—		1,690,910		—		1,690,910
Real Estate		—		144,478		—		144,478
Retailing		—		479,326		—		479,326
Semiconductor		—		228,247		—		228,247
Software & Services		—		1,430,318		—		1,430,318
Technology Hardware & Equipment		—		3,706,118		—		3,706,118
Transportation		—		107,947		—		107,947
Utilities		—		59,502		—		59,502
Total	$	30,502	$	18,831,266	$	—	$	18,861,768

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $11,668,645 and transfers of securities from Level 2 to Level 1 were $171,775. 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 EGYPT INDEX ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 100.4%
Banks: 9.6%
	874,008	Commercial International Bank (GDR) Reg S	$	3,985,477
Capital Goods: 6.2%
	2,553,310	El Sewedy Electric Co.		2,540,486
Consumer Durables & Apparel: 1.6%
	1,256,234	Oriental Weavers		672,281
Diversified Financials: 18.5%
	4,840,045	Citadel Capital Corp. * #		821,138
	650,576	Egyptian Financial Group-Hermes Holding Co. (GDR) † Reg S		1,288,140
	1,219,393	Egyptian Financial Group-Hermes Holding SAE *		1,170,400
	3,248,820	Egyptian Kuwaiti Holding Co. (USD)		3,765,382
	1,772,222	Pioneers Holding *		602,279
				7,647,339
Food, Beverage & Tobacco: 11.9%
	928,053	Arabian Food Industries Co. DOMTY * #		558,385
	2,705,300	Eastern Tobacco #		2,861,265
	2,667,144	Juhayna Food Industries #		1,513,901
				4,933,551
Health Care Equipment & Services: 3.0%
	2,092,026	Ibnsina Pharma SAE *		1,083,371
	39,026	Integrated Diagnostics Holdings Plc (USD) Reg S 144A		163,909
				1,247,280
Materials: 19.8%
	1,005,555	Abou Kir Fertilizers & Chemical Industries		1,798,440
	2,494,784	Alexandria Mineral Oils Co. #		1,533,648
	1,889,213	Cenatamin Plc (GBP) #		2,610,250
	909,499	Ezz Steel *		1,122,155
	946,531	Sidi Kerir Petrochemcials Co. #		1,147,613
				8,212,106
Real Estate: 20.5%
	3,791,363	Emaar Misr for Development SAE * #		759,501
	802,349	Heliopolis Housing #		1,020,562
	4,167,099	Medinet Nasr Housing * #		1,774,145
	6,244,261	Palm Hills Developments SAE * #		852,780
	1,300,393	Six of October Development & Investment Co. * #		1,590,415
	4,019,852	Talaat Moustafa Group #		2,475,286
				8,472,689
Telecommunication Services: 9.3%
	10,058,516	Global Telecom Holding SAE * #		1,860,320
	16,212,918	Orascom Telecom Media and Technology Holding SAE * #		546,851
	2,198,362	Telecom Egypt		1,429,181
				3,836,352
Total Common Stocks (Cost: $37,510,608)				41,547,561
RIGHTS: 0.0% (Cost: $0)
Diversified Financials: 0.0%
	732,552	Pioneers Holding for Financial Investments SAE Rights (EGP 5.10, expiring 10/11/18) *		21,911
Total Investments Before Collateral for Securities Loaned: 100.4%
(Cost: $37,510,608)				41,569,472

Principal Amount
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.1% (Cost: $21,042)
Repurchase Agreement: 0.1%
$	21,042	Repurchase agreement dated 9/28/18 with J.P. Morgan Securities LLC , 2.24%, due 10/1/18, proceeds $21,046; (collateralized by various U.S. government and agency obligations, 1.00% to 2.50%, due 2/15/45 to 9/9/49, valued at $21,463 including accrued interest)		21,042
Total Investments: 100.5% (Cost: $37,531,650)				41,590,514
Liabilities in excess of other assets: (0.5)%				(189,544	)
NET ASSETS: 100.0%			$	41,400,970


Definitions:
EGP	Egyptian Pound
GBP	British Pound
GDR	Global Depositary Receipt
USD	United States Dollar

Footnotes:
*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $19,800.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $21,926,060 which represents 53.0% 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 $163,909, or 0.4% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		9.2	%	$	3,836,352
Consumer Discretionary		1.6			672,281
Consumer Staples		11.9			4,933,551
Financials		28.0			11,654,727
Health Care		3.0			1,247,280
Industrials		6.1			2,540,486
Materials		19.8			8,212,106
Real Estate		20.4			8,472,689
		100.0	%	$	41,569,472

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stock
Banks	$	3,985,477	$	—	$	—	$	3,985,477
Capital Goods		2,540,486		—		—		2,540,486
Consumer Durables & Apparel		672,281		—		—		672,281
Diversified Financials		6,826,201		821,138		—		7,647,339
Food, Beverage & Tobacco		—		4,933,551		—		4,933,551
Health Care Equipment & Services		1,247,280		—		—		1,247,280
Materials		2,920,595		5,291,511		—		8,212,106
Real Estate		—		8,472,689		—		8,472,689
Telecommunication Services		1,429,181		2,407,171		—		3,836,352
Rights*		21,911		—		—		21,911
Repurchase Agreement		—		21,042		—		21,042
Total	$	19,643,412	$	21,947,102	$	—	$	41,590,514

*	See Schedule of Investments for Industry sector breakouts.

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $17,023,563 and transfers of securities from Level 2 to Level 1 were $20,940,341. 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 INDIA SMALL-CAP INDEX ETF

SCHEDULE OF INVESTMENTS (a)

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 101.0%
Automobiles & Components: 1.9%
	122,018	Ceat Ltd. #	$	1,921,348
	707,059	Jamna Auto Industries Ltd. #		679,629
	54,026	JBM Auto Ltd. #		213,886
	400,497	JK Tyre & Industries Ltd. #		536,986
				3,351,849
Banks: 6.7%
	1,396,860	Allahabad Bank * #		684,747
	1,323,028	Andhra Bank * #		500,298
	462,709	Can Fin Homes Ltd. #		1,515,995
	1,994,463	Dena Bank * #		415,612
	1,113,715	Development Credit Bank Ltd. #		2,275,110
	95,088	GIC Housing Finance Ltd. #		334,153
	1,799,148	Indian Overseas Bank * #		325,075
	1,679,764	Jammu & Kashmir Bank Ltd. * #		957,639
	1,018,825	Karnataka Bank Ltd. #		1,367,149
	376,793	Lakshmi Vilas Bank Ltd. * #		373,101
	698,321	Oriental Bank of Commerce * #		592,726
	6,524,060	South Indian Bank Ltd. #		1,183,979
	1,772,645	Syndicate Bank * #		756,387
	824,117	UCO Bank * #		191,087
				11,473,058
Capital Goods: 10.8%
	73,534	BEML Ltd. #		618,873
	2,316,953	Crompton Greaves Ltd. * #		1,432,295
	433,336	Greaves Cotton Ltd. #		791,380
	3,660,831	Hindustan Construction Co. Ltd. * #		538,044
	393,786	Inox Wind Ltd. * #		471,255
	2,081,596	Jain Irrigation Systems Ltd. #		1,754,509
	8,050,472	Jaiprakash Associates Ltd. * #		733,896
	270,969	KEI Industries Ltd. #		1,342,614
	1,103,598	MMTC Ltd. #		416,159
	3,005,021	Nagarjuna Construction Co. Ltd. #		3,028,455
	739,376	Nava Bharat Ventures Ltd. #		1,218,328
	64,400	Nissei ASB Machine Co. Ltd. #		2,698,277
	651,203	Pipavav Defence & Offshore Engineering Co. Ltd. * #		108,923
	320,445	Praj Industries Ltd. #		387,517
	26,365	Rushil Decor Ltd. #		222,612
	43,654	SML Isuzu Ltd. #		410,630
	19,272,799	Suzlon Energy Ltd. * #		1,449,342
	388,554	Texmaco Rail & Engineering Ltd. #		318,771
	203,974	Titagarh Wagons Ltd. #		199,050
	260,507	Welspun Enterprises Ltd. #		450,342
				18,591,272
Consumer Durables & Apparel: 8.3%
	55,527	Amber Enterprises India Ltd. * #		710,578
	180,357	Bajaj Electricals Ltd. #		1,250,484
	406,732	Bombay Dyeing & Manufacturing Co. Ltd. #		941,842
	16,747	Dixon Technologies India Ltd. # Reg S		603,626
	173,851	Himatsingka Seide Ltd. #		528,710
	34,009	Hitachi Home & Life Solutions India Ltd. #		863,832
	348,560	Indo Count Industries Ltd. #		310,505
	70,814	Jindal Worldwide Ltd. #		361,341
	117,423	Kitex Garments Ltd. #		176,121
	44,810	LUX Industries Ltd. #		1,004,247
	212,431	Mirza International Ltd. #		242,509
	108,384	Raymond Ltd. #		992,253
	3,103,372	Sintex Industries Ltd. #		484,265
	431,298	Swan Energy Ltd. #		745,669
	149,609	TCNS Clothing Co. Ltd. * Reg S 144A		1,285,783
	899,822	Trident Ltd. #		709,137
	18,697	TTK Prestige Ltd. #		1,644,795
	249,532	VIP Industries Ltd. #		1,424,306
				14,280,003
Consumer Services: 2.8%
	149,690	Aptech Ltd. #		341,423
	1,298,085	Chennai Super Kings Cricket Ltd. * # § ø ¥		10,073
	662,513	Cox & Kings Ltd. #		1,537,843
	472,587	Delta Corp. Ltd. #		1,367,262
	23,047	Kaya Ltd. * #		233,049
	1,347,236	Lemon Tree Hotels Ltd. * Reg S 144A		1,349,280
				4,838,930
Consumer, Cyclical: 0.1%
	251,779	Kesoram Industries Ltd. * #		233,794
Diversified Financials: 8.7%
	382,907	BSE Ltd. #		3,606,112
	184,522	Central Depository Services India Ltd. # Reg S		572,240
	160,399	Credit Analysis & Research Ltd. #		2,627,002
	366,177	Future Capital Holdings Ltd. #		2,476,222
	4,492,066	IFCI Ltd. * #		737,199
	177,275	IndoStar Capital Finance Ltd. * Reg S 144A		780,240
	183,853	Multi Commodity Exchange of India Ltd. #		1,745,727
	1,134,116	PTC India Financial Services Ltd. #		228,596
	193,319	Repco Home Finance Ltd. #		1,147,849
	1,184,437	SREI Infrastructure Finance Ltd. #		529,921
	290,991	Tourism Finance Corp of India Ltd. #		485,028
				14,936,136
Energy: 1.2%
	262,941	Chennai Petroleum Corp. Ltd. #		1,009,726
	561,511	Gujarat Mineral Development Corp. Ltd. #		724,326
	231,555	Hindustan Oil Exploration Co. Ltd. * #		401,457
				2,135,509
Food, Beverage & Tobacco: 6.6%
	241,763	Avanti Feeds Ltd. #		1,291,465
	2,566,555	Bajaj Hindusthan Ltd. * #		293,721
	991,609	Balrampur Chini Mills Ltd. #		972,319
	80,333	Godfrey Phillips India Ltd. #		832,908
	218,817	Kaveri Seed Co. Ltd. #		1,749,864
	496,919	Kwality Dairy India Ltd.		91,172
	277,905	Manpasand Beverages Ltd. #		414,390
	322,120	McLeod Russel India Ltd. #		645,922
	228,977	Parag Milk Foods Ltd. # Reg S 144A		755,297
	136,541	Prabhat Dairy Ltd. * # Reg S		228,089
	410,006	Radico Khaitan Ltd. #		1,963,164
	6,286,259	Shree Renuka Sugars Ltd. * #		1,031,751
	455,468	Triveni Engineering & Industries Ltd. #		243,819
	24,875	Venky’s India Ltd. #		750,248
				11,264,129
Health Care Equipment & Services: 0.9%
	473,967	Max India Ltd. * #		484,027
	166,879	Shalby Ltd. * # Reg S		305,114
	94,863	Thyrocare Technologies Ltd. # Reg S 144A		840,136
				1,629,277
Household & Personal Products: 0.4%
	235,305	Eveready Industries India Ltd. #		640,223
Materials: 20.1%
	197,145	Advanced Enzyme Technologies Ltd. # Reg S		513,861
	70,224	Andhra Pradesh Paper Mills * #		425,841
	34,514	Astec Lifesciences Ltd. #		248,954
	52,375	Atul Ltd. #		2,287,581
	292,949	Bhansali Engineering Polymers Ltd. #		461,038
	215,756	Bodal Chemicals Ltd. #		297,175
	392,303	Century Plyboards India Ltd. #		977,414
	734,919	Chambal Fertilizers & Chemicals Ltd. #		1,537,075
	288,201	DCM Shriram Ltd. #		1,734,102
	155,748	Deepak Fertilizers & Petrochemicals Corp. Ltd. #		412,778
	312,530	EID Parry India Ltd. #		857,788
	173,059	GHCL Ltd. #		520,560
	274,432	Gujarat Narmada Valley Fertilizers Co. Ltd. #		1,323,521
	742,449	Himadri Speciality Chemical Ltd. #		1,174,114
	820,882	Hindustan Copper Ltd. #		577,913
	910,548	India Cements Ltd. #		1,272,435
	43,665	Indian Metals & Ferro Alloys Ltd. #		161,120
	354,485	Jai Corp. Ltd. #		554,770
	870,437	Jindal Saw Ltd. #		881,334
	416,603	Jindal Stainless Hisar Ltd. * #		632,051
	207,777	JK Lakshmi Cement Ltd. #		872,259
	314,735	JK Paper Ltd. #		625,144
	77,081	Kalyani Steels Ltd. #		245,537
	55,346	Kiri Dyes & Chemicals Ltd. * #		384,283
	449,057	Meghmani Organics Ltd. #		467,695
	235,470	Mishra Dhatu Nigam Ltd. # Reg S 144A		378,748
	454,875	MOIL Ltd. #		1,009,481
	30,482	Monsanto India Ltd. #		1,113,596
	505,308	National Fertilizers Ltd. * #		266,066
	26,350	Nilkamal Ltd. #		617,843
	291,988	NOCIL Ltd. #		610,744
	304,307	Phillips Carbon Black Ltd. #		861,052
	483,810	Prism Cement Ltd. #		585,184
	596,833	Rain Industries Ltd. #		1,346,496
	343,385	Rallis India Ltd. #		862,915
	974,147	Rashtriya Chemicals & Fertilizers Ltd. #		802,756
	443,205	Sanghi Industries Ltd. * #		440,558
	63,654	Sarda Energy & Minerals Ltd. #		296,041
	255,365	SH Kelkar & Co. Ltd. # Reg S 144A		719,619
	86,292	Sharda Cropchem Ltd. #		394,242
	1,085,095	Sintex Plastics Technology Ltd. * #		435,115
	122,238	Sudarshan Chemical Industries #		700,594
	96,073	Surya Roshni Ltd. #		305,555
	122,209	Tamil Nadu Newsprint & Papers Ltd. #		436,334
	44,652	Tata Metaliks Ltd. #		417,269
	27,193	Tata Sponge Iron Ltd. #		303,959
	180,792	Thirumalai Chemicals Ltd. #		307,024
	184,818	Tinplate Co. of India Ltd. #		386,728
	127,508	Uflex Ltd. #		508,927
	565,892	Welspun Corp. Ltd. #		970,522
				34,523,711
Media & Entertainment: 5.6%
	604,962	DEN Networks Ltd. * #		424,698
	167,944	Eros International Media Ltd. * #		167,428
	220,823	Eros International Plc (USD) *		2,660,917
	215,131	GTPL Hathway Ltd. # Reg S 144A		194,448
	158,721	Just Dial Ltd. * #		1,046,781
	1,925,683	Network 18 Media & Investments Ltd. * #		1,150,932
	171,935	PVR Ltd. #		2,851,154
	61,758	S Chand and Co. Ltd. #		221,281
	30,743	Saregama India Ltd. #		220,023
	114,126	TV Today Network Ltd. #		642,250
				9,579,912
Pharmaceuticals, Biotechnology: 6.0%
	182,132	Bliss Gvs Pharma Ltd. #		441,486
	916,026	Granules India Ltd. #		1,202,715
	325,364	Ipca Laboratories Ltd. #		3,048,914
	147,564	JB Chemicals & Pharmaceuticals Ltd. #		595,818
	1,475,611	Marksans Pharma Ltd. #		598,727
	29,455	Merck Ltd. #		1,053,037
	324,423	Strides Shasun Ltd. #		1,945,940
	374,583	Suven Life Sciences Ltd. #		1,394,368
				10,281,005
Real Estate: 2.1%
	803,313	Anant Raj Industries Ltd. #		414,071
	2,085,800	Housing Development & Infrastructure Ltd. * #		598,955
	322,958	OMAXE Ltd. #		967,462
	195,387	Sobha Developers Ltd. #		1,074,846
	16,351,193	Unitech Ltd. * #		587,786
				3,643,120
Retailing: 1.8%
	802,037	Future Retail Ltd. * #		384,351
	1,167,147	PC Jeweller Ltd. #		1,004,700
	40,346	Shankara Building Products Ltd. #		684,231
	60,166	V2 Retail Ltd. * #		257,734
	125,036	Yatra Online, Inc. (USD) *		697,701
				3,028,717
Software & Services: 9.4%
	53,887	8K Miles Software Services Ltd. #		142,421
	180,902	BLS International Services Ltd. #		339,603
	1,218,462	Firstsource Solutions Ltd. #		1,040,633
	222,404	Intellect Design Arena Ltd. * #		623,159
	1,162,449	KPIT Cummins Infosystems Ltd. #		3,423,102
	49,827	Majesco Ltd. * #		318,292
	85,750	Mastek Ltd. #		554,731
	122,253	Newgen Software Technologies Ltd. #		368,855
	601,605	NIIT Ltd. * #		608,934
	221,841	NIIT Technologies Ltd. #		3,359,010
	114,094	Quick Heal Technologies Ltd. # Reg S 144A		331,528
	472,273	Rolta India Ltd. * #		91,941
	233,252	Sonata Software Ltd. #		1,189,702
	261,215	Take Solutions Ltd. #		551,612
	109,879	Tata Elxsi Ltd. #		1,753,249
	3,835,896	Vakrangee Software Ltd. #		1,502,336
				16,199,108
Technology Hardware & Equipment: 1.5%
	152,935	Astra Microwave Products Ltd. #		186,743
	896,178	HCL Infosystems Ltd. * #		290,745
	1,118,795	Redington India Ltd. #		1,450,328
	161,360	Tejas Networks Ltd. * # Reg S 144A		577,157
				2,504,973
Telecommunication Services: 1.4%
	4,468,061	Himachal Futuristic Communications Ltd. #		1,219,276
	7,361,001	Reliance Communications Ltd. * #		1,209,355
				2,428,631
Transportation: 3.2%
	49,441	Dredging Corp. of India Ltd. #		228,094
	79,571	Future Supply Chain Solutions Ltd. # Reg S 144A		713,503
	391,974	Gateway Distriparks Ltd. #		786,204
	191,659	Gati Ltd. #		198,253
	5,753,015	GVK Power & Infrastructure Ltd. * #		617,135
	200,585	Jet Airways India Ltd. * #		498,300
	125,619	Mahindra Logistics Ltd. # Reg S 144A		890,563
	323,921	MEP Infrastructure Developers Ltd. #		211,026
	265,780	Navkar Corp. Ltd. * # Reg S 144A		309,546
	788,217	Shipping Corp of India Ltd. * #		453,544
	159,525	VRL Logistics Ltd. * #		589,932
				5,496,100
Utilities: 1.5%
	66,512	BF Utilities Ltd. * #		202,453
	12,345,057	Jaiprakash Power Ventures Ltd. * #		409,132
	1,306,696	PTC India Ltd. #		1,202,238
	197,076	VA Tech Wabag Ltd. #		799,682
				2,613,505
Total Common Stocks (Cost: $196,194,192)				173,672,962
MONEY MARKET FUND: 10.6% (Cost: $18,169,625)

	18,169,625	Dreyfus Government Cash Management Fund - Institutional Shares		18,169,625
Total Investments: 111.6% (Cost: $214,363,817)				191,842,587
Liabilities in excess of other assets: (11.6)%				(19,919,922	)
NET ASSETS: 100.0%			$	171,922,665


Definitions:
USD	United States Dollar

Footnotes:
(a)	Represents Consolidated Schedule of Investments.
*	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 $166,807,869 which represents 97.0% of net assets.
§	Illiquid Security – the aggregate value of illiquid securities is $10,073 which represents 0.0% of net assets.
ø	Restricted Security - the aggregate value of restricted securities is $10,073, or 0.0% of net assets.
¥	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
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 $9,125,848, or 5.3% of net assets.

Restricted securities held by the Fund as of September 30, 2018 are as follows:

Security	Acquisition Date	Number of Shares	Acquisition Cost		Value		% of Net Assets
Chennai Super Kings Cricket Ltd.	10/08/2015	1,298,085	$	35,108	$	10,073		0.0	%

Summary of Investments by Sector	% of Investments			Value
Communication Services		6.3	%	$	12,008,543
Consumer Discretionary		13.2			25,348,942
Consumer Staples		6.2			11,904,352
Energy		1.1			2,135,509
Financials		13.8			26,409,194
Health Care		6.2			11,910,282
Industrials		12.9			24,674,176
Information Technology		9.7			18,704,081
Materials		18.0			34,523,711
Real Estate		1.9			3,643,120
Utilities		1.2			2,411,052
Money Market Fund		9.5			18,169,625
		100.0	%	$	191,842,587

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Automobiles & Components	$	—	$	3,351,849	$	—	$	3,351,849
Banks		—		11,473,058		—		11,473,058
Capital Goods		—		18,591,272		—		18,591,272
Consumer Durables & Apparel		1,285,783		12,994,220		—		14,280,003
Consumer Services		1,349,280		3,479,577		10,073		4,838,930
Consumer, Cyclical		—		233,794		—		233,794
Diversified Financials		780,240		14,155,896		—		14,936,136
Energy		—		2,135,509		—		2,135,509
Food, Beverage & Tobacco		91,172		11,172,957		—		11,264,129
Health Care Equipment & Services		—		1,629,277		—		1,629,277
Household & Personal Products		—		640,223		—		640,223
Materials		—		34,523,711		—		34,523,711
Media & Entertainment		2,660,917		6,918,995		—		9,579,912
Pharmaceuticals, Biotechnology		—		10,281,005		—		10,281,005
Real Estate		—		3,643,120		—		3,643,120
Retailing		697,701		2,331,016		—		3,028,717
Software & Services		—		16,199,108		—		16,199,108
Technology Hardware & Equipment		—		2,504,973		—		2,504,973
Telecommunication Services		—		2,428,631		—		2,428,631
Transportation		—		5,496,100		—		5,496,100
Utilities		—		2,613,505		—		2,613,505
Money Market Fund		18,169,625		—		—		18,169,625
Total	$	25,034,718	$	166,797,796	$	10,073	$	191,842,587

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $60,258,883. 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.

The following table reconciles the valuation of the Fund’s Level 3 investment securities and related transactions during the period ended September 30, 2018:

	Common Stocks
	Consumer Services
Balance as of December 31, 2017	$	11,440
Realized gain (loss)		—
Net change in unrealized appreciation (depreciation)		(1,367)
Purchases		—
Sales		—
Transfers in and/or out of level 3		—
Balance as of September 30, 2018	$	10,073

See Notes to Schedules of Investments

VANECK VECTORS INDONESIA INDEX ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 100.0%
Automobiles & Components: 6.4%
	6,560,600	Astra International Tbk PT #	$	3,232,390
Banks: 28.7%
	2,407,200	Bank Central Asia Tbk PT #		3,899,065
	1,231,100	Bank Danamon Indonesia Tbk PT #		594,779
	6,768,402	Bank Mandiri Persero Tbk PT #		3,049,935
	4,562,632	Bank Negara Indonesia Persero Tbk PT #		2,265,768
	19,770,200	Bank Rakyat Indonesia Tbk PT #		4,177,812
	2,591,000	Bank Tabungan Negara Tbk PT #		457,015
				14,444,374
Capital Goods: 1.0%
	1,858,168	PP Persero Tbk PT #		190,141
	2,822,888	Waskita Karya Persero Tbk PT #		321,917
				512,058
Diversified Financials: 1.9%
	1,169,250	First Pacific Company Ltd. (HKD) #		576,770
	7,573,500	Kresna Graha Investama Tbk PT #		355,657
				932,427
Energy: 11.7%
	9,782,300	Adaro Energy Tbk PT #		1,203,649
	2,778,497	Banpu PCL (NVDR) (THB) #		1,641,361
	241,900	Indo Tambangraya Megah Tbk PT #		419,639
	1,902,600	Tambang Batubara Bukit Asam Tbk PT #		551,070
	935,469	United Tractors Tbk PT #		2,071,159
				5,886,878
Food, Beverage & Tobacco: 11.2%
	4,413,200	Charoen Pokphand Indonesia Tbk PT #		1,503,089
	232,500	First Resources Ltd. (SGD) #		285,767
	3,037,900	Golden Agri-Resources Ltd. (SGD) #		555,180
	282,500	Gudang Garam Tbk PT #		1,403,509
	1,355,300	Indofood Cbp Sukses Makmur Tbk PT #		803,187
	2,685,300	Indofood Sukses Makmur Tbk PT #		1,063,286
				5,614,018
Health Care Equipment & Services: 0.8%
	3,471,097	Mitra Keluarga Karyasehat Tbk PT * Reg S		406,473
Household & Personal Products: 4.4%
	700,000	Unilever Indonesia Tbk PT #		2,209,237
Materials: 11.3%
	3,155,900	Barito Pacific Tbk PT #		389,564
	872,600	Chandra Asri Petrochemical Tbk PT #		288,125
	1,572,800	Indah Kiat Pulp and Paper Corp. Tbk PT #		1,830,007
	1,103,300	Indocement Tunggal Prakarsa Tbk PT #		1,369,280
	647,400	Pabrik Kertas Tjiwi Kimia Tbk PT #		598,347
	1,777,800	Semen Gresik Persero Tbk PT #		1,183,469
				5,658,792
Media & Entertainment: 0.9%
	3,488,000	Surya Citra Media Tbk PT #		438,793
Pharmaceuticals, Biotechnology: 2.3%
	12,328,900	Kalbe Farma Tbk PT #		1,141,955
Real Estate: 3.8%
	5,650,800	Bumi Serpong Damai Tbk PT #		437,616
	6,016,895	Ciputra Development Tbk PT #		352,811
	45,078,200	Hanson International Tbk PT #		393,172
	1,116,200	Lippo Malls Indonesia Retail Trust (SGD)		212,399
	8,837,200	Pakuwon Jati Tbk PT #		305,628
	4,765,100	Summarecon Agung Tbk PT #		209,699
				1,911,325
Retailing: 4.0%
	60,388	Jardine Cycle & Carriage Ltd. (SGD) #		1,414,165
	1,338,600	Matahari Department Store Tbk PT #		622,052
				2,036,217
Telecommunication Services: 8.9%
	147,907	Telekomunikasi Indonesia Tbk PT (ADR)		3,620,763
	1,108,700	Tower Bersama Infrastructure Tbk PT #		418,081
	2,222,775	XL Axiata Tbk PT * #		411,550
				4,450,394
Transportation: 0.8%
	1,331,850	Jasa Marga Persero Tbk PT #		399,181
Utilities: 1.9%
	6,375,900	Perusahaan Gas Negara Tbk PT #		961,772
Total Common Stocks (Cost: $65,527,767)				50,236,284
MONEY MARKET FUND: 0.3% (Cost: $148,909)

	148,909	Dreyfus Government Cash Management Fund - Institutional Shares		148,909
Total Investments: 100.3% (Cost: $65,676,676)				50,385,193
Liabilities in excess of other assets: (0.3)%				(137,393	)
NET ASSETS: 100.0%			$	50,247,800

Definitions:

ADR	American Depositary Receipt
HKD	Hong Kong Dollar
NVDR	Non-Voting Depositary Receipt
SGD	Singapore Dollar
THB	Thai Baht

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 $45,996,649 which represents 91.5% 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.

Summary of Investments by Sector	% of Investments			Value
Communication Services		9.7	%	$	4,889,187
Consumer Discretionary		10.5			5,268,607
Consumer Staples		15.5			7,823,255
Energy		11.7			5,886,878
Financials		30.5			15,376,801
Health Care		3.1			1,548,428
Industrials		1.8			911,239
Materials		11.2			5,658,792
Real Estate		3.8			1,911,325
Utilities		1.9			961,772
Money Market Fund		0.3			148,909
		100.0	%	$	50,385,193

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Automobiles & Components	$	—	$	3,232,390	$	—	$	3,232,390
Banks		—		14,444,374		—		14,444,374
Capital Goods		—		512,058		—		512,058
Diversified Financials		—		932,427		—		932,427
Energy		—		5,886,878		—		5,886,878
Food, Beverage & Tobacco		—		5,614,018		—		5,614,018
Health Care Equipment & Services		406,473		—		—		406,473
Household & Personal Products		—		2,209,237		—		2,209,237
Materials		—		5,658,792		—		5,658,792
Media & Entertainment		—		438,793		—		438,793
Pharmaceuticals, Biotechnology		—		1,141,955		—		1,141,955
Real Estate		212,399		1,698,926		—		1,911,325
Retailing		—		2,036,217		—		2,036,217
Telecommunication Services		3,620,763		829,631		—		4,450,394
Transportation		—		399,181		—		399,181
Utilities		—		961,772		—		961,772
Money Market Fund		148,909		—		—		148,909
Total	$	4,388,544	$	45,996,649	$	—	$	50,385,193

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $25,664,667. 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 ISRAEL ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 100.2%
Banks: 14.6%
	314,718	Bank Hapoalim BM #	$	2,305,313
	426,943	Bank Leumi Le-Israel BM #		2,814,637
	15,934	First International Bank of Israel Ltd. #		359,713
	347,620	Israel Discount Bank Ltd. #		1,157,784
	47,332	Mizrahi Tefahot Bank Ltd. #		829,139
	8,006	Union Bank of Israel * #		36,806
				7,503,392
Capital Goods: 3.7%
	12,928	Aeronautics Ltd. * † #		29,947
	8,801	Arotech Corp. (USD) *		29,923
	7,161	Caesarstone Sdot-Yam Ltd. (USD) †		132,837
	15,853	Discount Investment Corp. † #		47,053
	6,761	Elbit Systems Ltd. #		859,379
	3,278	Elco Holdings Ltd. #		62,752
	532	Electra Ltd. #		131,466
	1,142	FMS Enterprises Migun Ltd. #		28,583
	23,209	Inrom Construction Industries Ltd. † #		87,539
	354	Klil Industries Ltd. #		32,760
	9,069	Kornit Digital Ltd. (USD) * †		198,611
	1,049	Plasson Industries Ltd. #		51,872
	28,465	Shapir Engineering and Industry Ltd. #		100,111
	64,646	Shikun & Binui Ltd. * #		133,483
				1,926,316
Commercial & Professional Services: 0.1%
	100,678	Fluence Corp. Ltd. (AUD) * † #		30,969
	1,970	Pointer Telocation Ltd. (USD) *		25,610
				56,579
Consumer Durables & Apparel: 2.4%
	36,801	Avgol Industries 1953 Ltd. #		40,789
	2,963	Delta-Galil Industries Ltd. #		87,661
	3,748	Electra Consumer Products Ltd. † #		41,026
	2,375	Fox Wizel Ltd. #		48,585
	14,032	Maytronics Ltd. #		90,837
	6,579	SodaStream International Ltd. (USD) *		941,323
				1,250,221
Consumer Services: 0.3%
	68,134	888 Holdings Plc #		176,979
Diversified Financials: 1.0%
	11,689	Meitav DS Investments Ltd. #		34,859
	27,740	Plus500 Ltd. (GBP) #		480,170
				515,029
Energy: 5.1%
	993	Delek Energy Systems Ltd. #		470,990
	1,268	Delek Group Ltd. † #		213,800
	22,376	Delek US Holdings, Inc.		949,414
	2,828	Jerusalem Oil Exploration * #		173,885
	11,248	Naphtha Israel Petroleum Corp. Ltd. #		76,893
	497,252	Oil Refineries Ltd. #		246,898
	3,058	Paz Oil Co. Ltd. #		478,508
				2,610,388
Food & Staples Retailing: 0.6%
	1,965	Rami Levi Chain Stores Hashikma Marketing Ltd. #		92,918
	32,826	Shufersal Ltd. #		209,951
				302,869
Food, Beverage & Tobacco: 0.7%
	604	Neto ME Holdings Ltd. #		50,698
	13,929	Strauss Group Ltd. #		306,260
				356,958
Health Care Equipment & Services: 2.9%
	13,514	Mazor Robotics Ltd. * #		393,712
	27,638	Mediterranean Towers Ltd. #		50,009
	19,014	Novocure Ltd. (USD) *		996,334
	42,400	Sisram Medical Ltd. (HKD) * # Reg S 144A		28,874
				1,468,929
Insurance: 1.8%
	7,187	Clal Insurance Enterprises Holdings Ltd. * #		135,772
	3,991	Direct Insurance Financial #		46,373
	32,965	Harel Insurance Investments & Financial Services Ltd. #		253,424
	2,321	IDI Insurance Co. Ltd. #		142,998
	7,743	Menorah Mivtachim Holdings Ltd. #		87,839
	105,867	Migdal Insurance & Financial Holdings Ltd. #		117,292
	20,263	Phoenix Holdings Ltd. #		122,494
				906,192
Materials: 2.5%
	150,328	Israel Chemicals Ltd. #		912,069
	1,250	Israel Corp. Ltd. #		401,355
				1,313,424
Media & Entertainment: 0.3%
	17,673	Taptica international Ltd. (GBP) † #		86,300
	69,207	XLMedia Plc (GBP)		84,383
				170,683
Pharmaceuticals, Biotechnology: 17.9%
	36,841	BioLine RX Ltd. (ADR) * †		39,420
	15,393	Compugen Ltd. (USD) * †		59,263
	11,278	Foamix Pharmaceuticals Ltd. (USD) * †		64,623
	11,036	Intec Pharma Ltd. (USD) * †		62,353
	11,297	Kamada Ltd. * #		69,587
	5,802	MediWound Ltd. (USD) *		35,682
	96,668	Opko Health, Inc. (USD) * †		334,471
	37,826	Perrigo Co. Plc (USD)		2,678,081
	36,356	Pluristem Therapeutics, Inc. (USD) * †		47,263
	55,886	Protalix BioTherapeutics, Inc. (USD) *		40,624
	7,592	Redhill Biopharma Ltd. (ADR) * †		67,037
	3,333	Taro Pharmaceutical Industries Ltd. (USD) *		327,634
	235,415	Teva Pharmaceutical Industries Ltd. #		5,200,927
	3,420	UroGen Pharma Ltd. (USD) * †		161,527
	8,724	Vascular Biogenics Ltd. (USD) *		14,177
				9,202,669
Real Estate: 5.3%
	4,002	Africa Israel Properties Ltd. * #		99,499
	22,235	Airport City Ltd. * #		271,375
	33,237	Alony Hetz Properties & Investments Ltd. #		349,213
	2,504	Alrov Properties and Lodgings Ltd. #		78,850
	40,197	Amot Investments Ltd. #		212,968
	12,776	Ashtrom Properties Ltd. #		58,117
	10,761	Azrieli Group Ltd. #		549,832
	314	Bayside Land Corp. #		146,259
	1,484	Big Shopping Centers Ltd. #		103,966
	1,798	Blue Square Real Estate Ltd. #		67,491
	28,911	Gazit-Globe Ltd. #		263,207
	49,030	Industrial Buildings Corp. * #		68,707
	63,038	Jerusalem Economy Ltd. * #		176,965
	5,244	Melisron Ltd. #		227,599
	770	Property & Building Corp. #		62,108
				2,736,156
Retailing: 0.2%
	9,187	Carasso Motors Ltd. #		48,265
	12,088	Delek Automotive Systems Ltd. #		65,612
				113,877
Semiconductor: 5.0%
	6,525	Camtek Ltd. (USD)		55,919
	6,823	Ceva, Inc. (USD) *		196,161
	7,137	DSP Group, Inc. (USD) *		84,930
	13,286	Mellanox Technologies Ltd. (USD) *		975,857
	7,686	Nova Measuring Instruments Ltd. * #		203,772
	11,646	SolarEdge Technologies, Inc. (USD) *		438,472
	27,964	Tower Semiconductor Ltd. (USD) *		608,497
				2,563,608
Software & Services: 27.9%
	10,452	Allot Communications Ltd. (USD) *		64,593
	41,871	Amdocs Ltd. (USD)		2,762,649
	5,681	Attunity Ltd. (USD) *		107,314
	37,209	Check Point Software Technologies Ltd. (USD) *		4,378,383
	10,152	CyberArk Software Ltd. (USD) *		810,536
	6,078	ForeScout Technologies, Inc. (USD) *		229,505
	2,216	Formula Systems Ltd. #		93,328
	4,374	Hilan Ltd. #		108,936
	9,524	Imperva, Inc. (USD) *		442,390
	15,881	LivePerson, Inc. (USD) *		412,112
	7,788	Magic Software Enterprises Ltd. (USD) †		66,198
	10,012	Matrix IT Ltd. #		119,784
	17,801	NICE Systems Ltd. * #		2,028,270
	16,554	SafeCharge International Group Ltd. (GBP)		70,806
	8,114	Sapiens International Corp. NV (USD)		107,186
	6,039	Varonis Systems, Inc. (USD) *		442,357
	18,503	Verint Systems, Inc. (USD) *		927,000
	9,710	Wix.com Ltd. (USD) *		1,162,287
				14,333,634
Technology Hardware & Equipment: 4.2%
	7,249	AudioCodes Ltd. (USD)		72,925
	22,935	Ceragon Networks Ltd. (USD) *		77,291
	16,631	Gilat Satellite Networks Ltd. * #		145,841
	4,822	Ituran Location and Control Ltd. (USD)		165,877
	5,369	Magal Security Systems Ltd. (USD) *		30,174
	13,067	Orbotech Ltd. (USD) *		776,702
	3,213	RADCOM Ltd. (USD) *		36,146
	10,996	Radware Ltd. (USD) *		291,064
	2,001	Silicom Ltd. (USD) *		81,161
	15,854	Stratasys Ltd. (USD) * †		366,386
	50,155	Suny Cellular Communication Ltd. * #		24,039
	37,423	Telit Communications Plc (GBP) *		84,280
				2,151,886
Telecommunication Services: 2.1%
	627,215	Bezeq The Israeli Telecommunication Corp. Ltd. #		722,077
	17,473	Cellcom Israel Ltd. * #		119,947
	38,797	Partner Communications Co. Ltd. * #		203,809
	354,409	Sky And Space Global Ltd. *		16,155
				1,061,988
Transportation: 0.1%
	109,815	El Al Israel Airlines * #		29,960
Utilities: 1.5%
	38,892	Energix-Renewable Energies Ltd. * #		44,782
	113,606	Enlight Renewable Energy Ltd. * #		59,449
	5,436	Kenon Holdings Ltd. #		92,565
	10,722	Ormat Technologies, Inc.		580,167
				776,963
Total Common Stocks (Cost: $47,219,083)				51,528,700

Principal Amount
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 2.0%
Repurchase Agreements: 2.0%
$	51,946	Repurchase agreement dated 9/28/18 with Deutsche Bank Securities, Inc., 2.25%, due 10/1/18, proceeds $51,956; (collateralized by various U.S. government and agency obligations, 0.13% to 3.88%, due 7/15/19 to 2/15/44, valued at $52,985 including accrued interest)		51,946
	1,000,000	Repurchase agreement dated 9/28/18 with Nomura Securities International, Inc., 2.27%, due 10/1/18, proceeds $1,000,189; (collateralized by various U.S. government and agency obligations, 0.00% to 9.50%, due 9/30/18 to 8/20/68, valued at $1,020,000 including accrued interest)		1,000,000
Total Short-Term Investments Held as Collateral for Securities on Loan (Cost: $1,051,946)				1,051,946
Total Investments: 102.2% (Cost: $48,271,029)				52,580,646
Liabilities in excess of other assets: (2.2)%				(1,147,809	)
NET ASSETS: 100.0%			$	51,432,837

Definitions:

ADR	American Depositary Receipt
AUD	Australian Dollar
GBP	British Pound
HKD	Hong Kong Dollar
USD	United States Dollar

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $1,020,219.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $27,316,630 which represents 53.1% 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 $28,874, or 0.1% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		2.4	%	$	1,232,671
Consumer Discretionary		3.0			1,541,077
Consumer Staples		1.3			659,827
Energy		5.1			2,610,388
Financials		17.3			8,924,613
Health Care		20.7			10,671,598
Industrials		3.9			2,012,855
Information Technology		37.0			19,049,128
Materials		2.5			1,313,424
Real Estate		5.3			2,736,156
Utilities		1.5			776,963
		100.0	%	$	51,528,700

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Banks	$	—	$	7,503,392	$	—	$	7,503,392
Capital Goods		361,371		1,564,945		—		1,926,316
Commercial & Professional Services		25,610		30,969		—		56,579
Consumer Durables & Apparel		941,323		308,898		—		1,250,221
Consumer Services		—		176,979		—		176,979
Diversified Financials		—		515,029		—		515,029
Energy		949,414		1,660,974		—		2,610,388
Food & Staples Retailing		—		302,869		—		302,869
Food, Beverage & Tobacco		—		356,958		—		356,958
Health Care Equipment & Services		996,334		472,595		—		1,468,929
Insurance		—		906,192		—		906,192
Materials		—		1,313,424		—		1,313,424
Media & Entertainment		84,383		86,300		—		170,683
Pharmaceuticals, Biotechnology		3,932,155		5,270,514		—		9,202,669
Real Estate		—		2,736,156		—		2,736,156
Retailing		—		113,877		—		113,877
Semiconductor		2,359,836		203,772		—		2,563,608
Software & Services		11,983,316		2,350,318		—		14,333,634
Technology Hardware & Equipment		1,982,006		169,880		—		2,151,886
Telecommunication Services		16,155		1,045,833		—		1,061,988
Transportation		—		29,960		—		29,960
Utilities		580,167		196,796		—		776,963
Repurchase Agreements		—		1,051,946		—		1,051,946
Total	$	24,212,070	$	28,368,576	$	—	$	52,580,646

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $2,738,723 and transfers from Level 2 to Level 1 were $44,577. 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 lose, as described in the Notes to Schedules of Investments.

See Notes to Schedules of Investments

VANECK VECTORS POLAND ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 100.1%
Banks: 31.7%
	20,151	Alior Bank SA * #	$	343,974
	10,292	Bank Handlowy w Warszawie SA #		215,472
	133,777	Bank Millennium SA * #		335,759
	30,255	Bank Pekao SA #		870,903
	6,908	Bank Zachodni WBK SA #		702,688
	6,969	ING Bank Slaski SA † #		345,097
	3,466	mBank SA #		420,499
	99,303	PKO Bank Polski SA #		1,153,842
				4,388,234
Consumer Durables & Apparel: 8.9%
	328	LPP SA #		767,483
	7,783	NG2 SA #		464,092
				1,231,575
Diversified Financials: 1.7%
	4,281	Kruk SA #		233,079
Energy: 15.9%
	24,466	Grupa Lotos SA #		497,722
	37,702	Polski Koncern Naftowy Orlen SA #		1,033,647
	376,635	Polskie Gornictwo Naftowe I Gazownictwo SA * #		661,226
				2,192,595
Food & Staples Retailing: 7.2%
	15,137	Dino Polska SA * # Reg S 144A		408,805
	40,175	Jeronimo Martins SGPS SA (EUR) #		592,395
				1,001,200
Insurance: 6.9%
	88,500	Powszechny Zaklad Ubezpieczen SA #		952,587
Materials: 7.8%
	16,648	Jastrzebska Spolka Weglowa SA * #		299,589
	32,532	KGHM Polska Miedz SA * #		784,525
				1,084,114
Media & Entertainment: 7.7%
	12,407	CD Projekt SA * #		630,035
	72,545	Cyfrowy Polsat SA * #		437,603
				1,067,638
Real Estate: 4.2%
	64,799	NEPI Rockcastle Plc (ZAR) #		586,650
Software & Services: 1.6%
	16,999	Asseco Poland SA #		219,760
Telecommunication Services: 1.8%
	202,619	Orange Polska SA * #		243,956
Utilities: 4.7%
	253,330	Polska Grupa Energetyczna SA * #		654,900
Total Common Stocks (Cost: $15,421,562)				13,856,288
MONEY MARKET FUND: 1.8% (Cost: $243,925)

	243,925	Dreyfus Government Cash Management Fund - Institutional Shares		243,925
Total Investments Before Collateral for Securities Loaned: 101.9% (Cost: $15,665,487)				14,100,213

Principal Amount
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.3% (Cost: $48,485)
Repurchase Agreement: 0.3%
$	48,485	Repurchase agreement dated 9/28/18 with Deutsche Bank Securities, Inc., 2.25%, due 10/1/18, proceeds $48,494; (collateralized by various U.S. government and agency obligations, 0.13% to 3.88%, due 7/15/19 to 2/15/44, valued at $49,455 including accrued interest)		48,485
Total Investments: 102.2% (Cost: $15,713,972)				14,148,698
Liabilities in excess of other assets: (2.2)%				(306,908	)
NET ASSETS: 100.0%			$	13,841,790

Definitions:

EUR	Euro
ZAR	South African Rand

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $45,013.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $13,856,288 which represents 100.1% 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 $408,805, or 3.0% of net assets.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Communication Services		9.3	%	$	1,311,594
Consumer Discretionary		8.7			1,231,575
Consumer Staples		7.1			1,001,200
Energy		15.6			2,192,595
Financials		39.5			5,573,900
Information Technology		1.6			219,760
Materials		7.7			1,084,114
Real Estate		4.2			586,650
Utilities		4.6			654,900
Money Market Fund		1.7			243,925
		100.0	%	$	14,100,213

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks*	$	—	$	13,856,288	$	—	$	13,856,288
Money Market Fund		243,925		—		—		243,925
Repurchase Agreement		—		48,485		—		48,485
Total	$	243,925	$	13,904,773	$	—	$	14,148,698

*	See Schedule of Investments for industry breakouts.

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $4,222,280. 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 RUSSIA ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 96.1%
Banks: 9.8%
	10,065,268	Sberbank of Russia PJSC (ADR) #	$	127,270,160
	24,897,034	VTB Bank OJSC (GDR) # Reg S		33,330,058
				160,600,218
Diversified Financials: 2.0%
	21,500,145	Moscow Exchange MICEX-RTS PJSC * #		31,986,562
Energy: 37.9%
	1,777,162	Lukoil PJSC (ADR) #		136,083,308
	539,700	Novatek OAO (GDR) # Reg S		98,987,065
	26,480,706	OAO Gazprom (ADR) #		132,139,570
	11,631,179	Rosneft Oil Co. (GDR) # Reg S		86,905,308
	14,297,750	Surgutneftegas OJSC (ADR) #		59,027,474
	1,395,661	Tatneft PJSC (ADR) #		106,488,793
				619,631,518
Food & Staples Retailing: 7.4%
	4,129,636	Lenta Ltd. (GDR) * # Reg S		14,635,203
	4,735,159	Magnit OAO (GDR) # Reg S		67,172,975
	1,738,686	X5 Retail Group NV (GDR) # Reg S		39,338,529
				121,146,707
Materials: 20.8%
	40,086,020	Alrosa PJSC #		65,305,660
	6,239,951	Evraz Plc (GBP) #		45,951,508
	4,913,866	MMC Norilsk Nickel PJSC (ADR) #		84,857,631
	1,535,063	Novolipetsk Steel (GDR) # Reg S		41,315,857
	1,554,571	PhosAgro OAO (GDR) # Reg S		21,090,018
	3,839,959	Polymetal International (GBP) #		30,728,831
	3,084,388	Severstal OAO (GDR) # Reg S		51,370,599
				340,620,104
Media & Entertainment: 7.2%
	1,669,512	Mail.ru Group Ltd. (GDR) * # Reg S		44,965,708
	2,229,526	Yandex NV (USD) *		73,329,110
				118,294,818
Telecommunication Services: 7.7%
	2,368,978	MegaFon PJSC (GDR) * # Reg S		20,243,623
	7,517,786	Mobile TeleSystems OJSC (ADR)		64,126,715
	2,816,692	Rostelecom OJSC (ADR) #		17,972,847
	8,155,421	VEON Ltd. (ADR)		23,650,721
				125,993,906
Utilities: 3.3%
	618,676,410	Inter Rao Ues PJSC #		38,703,902
	7,410,870	Irkutsk Electronetwork Co. JSC (USD) * # § ¥		199,840
	17,742,740	RusHydro PJSC (ADR) #		15,813,323
				54,717,065
Total Common Stocks (Cost: $1,754,326,159)				1,572,990,898
PREFERRED STOCK: 3.9% (Cost: $64,204,109)
Energy: 3.9%
	24,895	Transneft PJSC, 6.92% #		62,944,458
MONEY MARKET FUND: 0.0% (Cost: $627,725)

	627,725	Dreyfus Government Cash Management Fund - Institutional Shares		627,725
Total Investments: 100.0% (Cost: $1,819,157,993)				1,636,563,081
Other assets less liabilities: 0.0%				779,015
NET ASSETS: 100.0%			$	1,637,342,096

Definitions:

ADR	American Depositary Receipt
GBP	British Pound
GDR	Global 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 $1,474,828,810 which represents 90.1% of net assets.
§	Illiquid Security — the aggregate value of illiquid securities is $199,840 which represents 0.0% of net assets.
¥	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
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
Communication Services		14.9	%	$	244,288,724
Consumer Staples		7.4			121,146,707
Energy		41.7			682,575,976
Financials		11.8			192,586,780
Materials		20.8			340,620,104
Utilities		3.4			54,717,065
Money Market Fund		0.0			627,725
		100.0	%	$	1,636,563,081

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Banks	$	—	$	160,600,218	$	—	$	160,600,218
Diversified Financials		—		31,986,562		—		31,986,562
Energy		—		619,631,518		—		619,631,518
Food & Staples Retailing		—		121,146,707		—		121,146,707
Materials		—		340,620,104		—		340,620,104
Media & Entertainment		73,329,110		44,965,708		—		118,294,818
Telecommunication Services		87,777,436		38,216,470		—		125,993,906
Utilities		—		54,517,225		199,840		54,717,065
Preferred Stock*		—		62,944,458		—		62,944,458
Money Market Fund		627,725		—		—		627,725
Total	$	161,734,271	$	1,474,628,970	$	199,840	$	1,636,563,081

*	See Schedule of Investments for industry breakouts.

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $80,879,602. 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.

The following table reconciles the valuation of the Fund’s Level 3 investment securities and related transactions during the period ended September 30, 2018:

	Common Stocks
	Utilities
Balance as of December 31, 2017	$	250,487
Realized gain (loss)		—
Net change in unrealized appreciation (depreciation)		(50,647	)
Purchases		—
Sales		—
Transfers in and/or out of level 3		—
Balance as of September 30, 2018	$	199,840

See Notes to Schedules of Investments

VANECK VECTORS RUSSIA SMALL-CAP ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 99.9%
Banks: 6.7%
	33,218,500	Credit Bank of Moscow PJSC *	$	2,560,807
Capital Goods: 3.9%
	215,172	United Wagon Co. PJSC * #		1,508,634
Diversified Financials: 6.7%
	158,857	Safmar Financial Investment		1,726,943
	109,318	Vostok New Ventures Ltd. (SDR) * #		849,366
				2,576,309
Energy: 4.1%
	380,202	OAO TMK (GDR) Reg S		1,574,036
Food & Staples Retailing: 4.1%
	437,592	Lenta Ltd. (GDR) * # Reg S		1,550,802
Food, Beverage & Tobacco: 3.7%
	138,592	Ros Agro Plc (GDR) Reg S		1,430,269
Household & Personal Products: 3.9%
	59,012	Oriflame Holding AG (SEK) #		1,507,218
Materials: 13.7%
	894,462	Highland Gold Mining Ltd. (GBP) #		1,704,769
	510,636	Mechel PJSC (ADR) *		1,613,610
	9,574,190	Petropavlovsk Plc (GBP) *		792,811
	621,072	Raspadskaya OJSC * #		1,116,788
				5,227,978
Media & Entertainment: 3.9%
	1,607,767	ITE Group Plc		1,509,558
Real Estate: 9.8%
	651,220	Etalon Group Ltd. (GDR) # Reg S		1,518,017
	1,061,646	LSR Group PJSC (GDR) Reg S		2,085,073
	312,628	Raven Russia Ltd. *		154,919
				3,758,009
Retailing: 2.9%
	176,416	M.Video PJSC *		1,103,020
Software & Services: 4.3%
	123,663	Qiwi Plc (ADR)		1,628,642
Telecommunication Services: 5.9%
	852,306	Sistema JSFC (GDR) # Reg S		2,242,989
Transportation: 12.4%
	1,888,600	Aeroflot - Russian Airlines OJSC #		3,069,743
	159,662	Globaltrans Investment Plc (GDR) Reg S		1,676,451
				4,746,194
Utilities: 13.9%
	39,007,800	Mosenergo PJSC #		1,250,294
	146,315,600	OGK-2 PJSC #		865,724
	107,316,000	Rosseti PJSC #		1,176,874
	49,499,000	Unipro PJSC #		2,037,944
				5,330,836
Total Common Stocks (Cost: $48,227,783)				38,255,301
MONEY MARKET FUND: 0.1% (Cost: $53,197)

	53,197	Dreyfus Government Cash Management Fund - Institutional Shares		53,197
Total Investments: 100.0% (Cost: $48,280,980)				38,308,498
Liabilities in excess of other assets: (0.0)%				(6,985	)
NET ASSETS: 100.0%			$	38,301,513

Definitions:

ADR	American Depositary Receipt
GBP	British Pound
GDR	Global Depositary Receipt
SDR	Swedish Depositary Receipt
SEK	Swedish Krona

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 $20,399,162 which represents 53.3% 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.

Summary of Investments by Sector	% of Investments			Value
Communication Services		9.8	%	$	3,752,547
Consumer Discretionary		2.9			1,103,020
Consumer Staples		11.7			4,488,289
Energy		4.1			1,574,036
Financials		13.4			5,137,116
Industrials		16.3			6,254,828
Information Technology		4.3			1,628,642
Materials		13.7			5,227,978
Real Estate		9.8			3,758,009
Utilities		13.9			5,330,836
Money Market Fund		0.1			53,197
		100.0	%	$	38,308,498

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Banks	$	2,560,807	$	—	$	—	$	2,560,807
Capital Goods		—		1,508,634		—		1,508,634
Diversified Financials		1,726,943		849,366		—		2,576,309
Energy		1,574,036		—		—		1,574,036
Food & Staples Retailing		—		1,550,802		—		1,550,802
Food, Beverage & Tobacco		1,430,269		—		—		1,430,269
Household & Personal Products		—		1,507,218		—		1,507,218
Materials		2,406,421		2,821,557		—		5,227,978
Media & Entertainment		1,509,558		—		—		1,509,558
Real Estate		2,239,992		1,518,017		—		3,758,009
Retailing		1,103,020		—		—		1,103,020
Software & Services		1,628,642		—		—		1,628,642
Telecommunication Services		—		2,242,989		—		2,242,989
Transportation		1,676,451		3,069,743		—		4,746,194
Utilities		—		5,330,836		—		5,330,836
Money Market Fund		53,197		—		—		53,197
Total	$	17,909,336	$	20,399,162	$	—	$	38,308,498

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $5,414,530 and transfers from Level 2 to Level 1 were $5,834,045. 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 lose, as described in the Notes to Schedules of Investments.

See Notes to Schedules of Investments

VANECK VECTORS VIETNAM ETF

SCHEDULE OF INVESTMENTS

September 30, 2018 (unaudited)

Number of Shares			Value
COMMON STOCKS: 100.2%
Banks: 7.3%
	7,589,202	Bank for Foreign Trade of Vietnam JSC #	$	20,502,473
	11,815,082	Saigon Thuong Tin Commercial JSB * #		6,836,572
				27,339,045
Capital Goods: 7.6%
	7,722,261	FLC Faros Construction JSC *		13,340,783
	8,374,140	Hoang Huy Investment Financial Services JSC		8,633,504
	8,235,197	Viet Nam Construction & Import-Export JSC #		6,779,522
				28,753,809
Consumer Durables & Apparel: 10.9%
	1,318,160	Eclat Textile Co. Ltd. #		16,312,449
	806,231	Hansae Co. Ltd. #		15,807,098
	12,955,000	Regina Miracle International Holdings Ltd. † # Reg S 144A		8,863,441
				40,982,988
Diversified Financials: 4.2%
	11,082,321	Saigon Securities, Inc. #		15,907,485
Energy: 3.3%
	11,207,114	Soco International Plc		12,627,042
Food, Beverage & Tobacco: 16.4%
	4	HAGL JSC * #		1
	271,730	Kinh Do Corp. #		334,962
	5,596,930	Masan Group Corp. * #		22,273,820
	9,236,635	Thanh Thanh Cong Tay Ninh JSC * #		8,388,641
	5,219,276	Vietnam Dairy Products JSC #		30,699,660
				61,697,084
Health Care Equipment & Services: 4.9%
	379,300	MANI, Inc. #		18,501,502
Insurance: 4.3%
	3,884,886	Bao Viet Holdings #		16,317,172
Materials: 6.0%
	9,840,643	Hoa Phat Group JSC * #		17,842,134
	2	Hoa Sen Group #		1
	5,718,570	PetroVietnam Fertilizer & Chemical JSC #		4,755,696
				22,597,831
Real Estate: 26.4%
	8,293,416	No Va Land Investment Group Corp. *		23,642,146
	11,395,650	Vincom Retail JSC * #		20,477,397
	5,963,032	Vingroup JSC * #		25,074,014
	6,644,550	Vinhomes JSC * Reg S 144A		30,192,790
				99,386,347
Technology Hardware & Equipment: 7.7%
	805,274	BH Co. Ltd. * #		13,683,483
	319,749	Mcnex Co. Ltd. #		4,698,338
	3,357,937	Synopex, Inc. * #		10,540,827
				28,922,648
Utilities: 1.2%
	3,916,579	PetroVietnam Nhon Trach 2 Power JSC #		4,429,352
Total Common Stocks (Cost: $323,429,714)				377,462,305
MONEY MARKET FUND: 0.5% (Cost: $2,060,027)

	2,060,027	Dreyfus Government Cash Management Fund - Institutional Shares		2,060,027
Total Investments Before Collateral for Securities Loaned: 100.7% (Cost: $325,489,741)				379,522,332

Principal Amount
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.1% (Cost: $225,331)
Repurchase Agreement: 0.1%
$	225,331	Repurchase agreement dated 9/28/18 with Merrill Lynch, Pierce, Fenner & Smith, Inc., 2.25%, due 10/1/18, proceeds $225,373; (collateralized by various U.S. government and agency obligations, 0.00% to 1.63%, due 5/23/19 to 9/9/49, valued at $229,838 including accrued interest)		225,331
Total Investments: 100.8% (Cost: $325,715,072)				379,747,663
Liabilities in excess of other assets: (0.8)%				(2,919,090	)
NET ASSETS: 100.0%			$	376,828,573

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $205,251.
#	Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $289,026,040 which represents 76.7% 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 $39,056,231, or 10.4% of net assets.

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

Affiliates	Value 12/31/17		Purchases		Sales Proceeds			Realized Gain (Loss)			Dividend Income		Change in Net Unrealized Gain (Loss)			Value 09/30/18
Synopex, Inc.		15,851,688		3,748,052		(3,250,950	)		(1,116,855	)		—		(4,691,108	)		—	^(a)


(a)	Security held by the Fund, however not classified as an affiliate at the end of the reporting period.

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Consumer Discretionary		10.8	%	$	40,982,988
Consumer Staples		16.3			61,697,084
Energy		3.3			12,627,042
Financials		15.7			59,563,702
Health Care		4.9			18,501,502
Industrials		7.6			28,753,809
Information Technology		7.6			28,922,648
Materials		5.9			22,597,831
Real Estate		26.2			99,386,347
Utilities		1.2			4,429,352
Money Market Fund		0.5			2,060,027
		100.0	%	$	379,522,332

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

	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Value
Common Stocks
Banks	$	—	$	27,339,045	$	—	$	27,339,045
Capital Goods		21,974,287		6,779,522		—		28,753,809
Consumer Durables & Apparel		—		40,982,988		—		40,982,988
Diversified Financials		—		15,907,485		—		15,907,485
Energy		12,627,042		—		—		12,627,042
Food, Beverage & Tobacco		—		61,697,084		—		61,697,084
Health Care Equipment & Services		—		18,501,502		—		18,501,502
Insurance		—		16,317,172		—		16,317,172
Materials		—		22,597,831		—		22,597,831
Real Estate		53,834,936		45,551,411		—		99,386,347
Technology Hardware & Equipment		—		28,922,648		—		28,922,648
Utilities		—		4,429,352		—		4,429,352
Money Market Fund		2,060,027		—		—		2,060,027
Repurchase Agreement		—		225,331		—		225,331
Total	$	90,496,292	$	289,251,371	$	—	$	379,747,663

During the period ended September 30, 2018, transfers of securities from Level 1 to Level 2 were $102,945,875 and transfers of securities from Level 2 to Level 1 were $41,627,036. 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.

Notes to Schedules of Investments.

VANECK VECTORS ETF TRUST

NOTES TO SCHEDULES OF INVESTMENTS

September 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 (as 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. Debt securities are valued on the basis of evaluated prices furnished by an independent pricing service approved by the Funds’ Board of Trustees or provided by securities dealers. The pricing services may use valuation models or matrix pricing, which consider: (i) yield or price with respect to bonds that are considered comparable in characteristics such as rating, interest rate and maturity date and/or (ii) quotations from bond dealers to determine current value and are categorized as Level 2 in the fair value hierarchy. 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: November 27, 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: November 27, 2018

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

Date: November 27, 2018