VanEck Fallen Angel High Yield Bond ETF, 35.39%

VanEck Energy Income ETF, 9.52%

VanEck Emerging Markets High Yield Bond ETF, 8.76%

VanEck BDC Income ETF, 8.55%

VanEck Preferred Securities ex Financials ETF, 8.27%

The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, in ETPs that are registered under the applicable federal securities laws and that invest in securities that generate income. The fund may also invest in U.S. Treasury securities under normal circumstances. It is non-diversified.