FSUB holdings

All 50 lines reported by VanEck for Vaneck Australian Fixed Rate Subordinated Debt ETF.

#	Holding	Ticker	Country	Weight
1	Australia & New Zealand Banking Group L	AU3CB0311561	Australia	4.83%
2	Commonwealth Bank Of Australia	AU3CB0297653	Australia	4.68%
3	Commonwealth Bank Of Australia	AU3CB0315638	Australia	4.11%
4	Westpac Banking Corp	AU3CB0304376	Australia	4.08%
5	Westpac Banking Corp	AU3CB0322337	Australia	3.80%
6	Westpac Banking Corp	AU3CB0331130	Australia	3.69%
7	National Australia Bank Ltd	AU3CB0324226	Australia	3.62%
8	National Australia Bank Ltd	AU3CB0310175	Australia	3.51%
9	Australia & New Zealand Banking Group L	AU3CB0291466	Australia	3.45%
10	Australia & New Zealand Banking Group L	AU3CB0296671	Australia	3.44%
11	Westpac Banking Corp	AU3CB0300358	Australia	3.22%
12	Commonwealth Bank Of Australia	AU3CB0293769	Australia	2.71%
13	National Australia Bank Ltd	AU3CB0334621	Australia	2.64%
14	National Australia Bank Ltd	AU3CB0291284	Australia	2.60%
15	Hsbc Holdings Plc	AU3CB0307890	Australia	2.55%
16	National Australia Bank Ltd	AU3CB0297554	Australia	2.54%
17	Credit Agricole Sa	AU3CB0331320	Australia	2.48%
18	Australia & New Zealand Banking Group L	AU3CB0324762	Australia	2.37%
19	Australia & New Zealand Banking Group L	AU3CB0305928	Australia	2.09%
20	Australia & New Zealand Banking Group L	AU3CB0292472	Australia	2.04%
21	Lloyds Banking Group Plc	AU3CB0302115	Australia	1.92%
22	National Australia Bank Ltd	AU3CB0306462	Australia	1.77%
23	National Australia Bank Ltd	AU3CB0328235	Australia	1.64%
24	Commonwealth Bank Of Australia	AU3CB0303667	Australia	1.50%
25	Macquarie Bank Ltd	AU3CB0307023	Australia	1.46%
26	Macquarie Bank Ltd	AU3CB0312395	Australia	1.43%
27	Commonwealth Bank Of Australia	AU3CB0288389	Australia	1.42%
28	Bpce Sa	AU3CB0322576	Australia	1.40%
29	Westpac Banking Corp	AU3CB0311140	Australia	1.39%
30	Hsbc Holdings Plc	AU3CB0319473	Australia	1.34%
31	Macquarie Bank Ltd	AU3CB0331536	Australia	1.32%
32	Westpac Banking Corp	AU3CB0308278	Australia	1.30%
33	Macquarie Bank Ltd	AU3CB0290039	Australia	1.29%
34	Barclays Plc	AU3CB0310597	Australia	1.28%
35	Australia & New Zealand Banking Group L	AU3CB0317162	Australia	1.22%
36	Macquarie Bank Ltd	AU3CB0322212	Australia	1.18%
37	Bpce Sa	AU3CB0335230	Australia	1.16%
38	Bnp Paribas Sa	AU3CB0312460	Australia	1.15%
39	Challenger Life Co Ltd	AU3CB0292324	Australia	1.14%
40	Bnp Paribas Sa	AU3CB0316099	Australia	1.13%
41	Westpac Banking Corp	AU3CB0300366	Australia	1.08%
42	Westpac Banking Corp	AU3CB0318194	Australia	1.04%
43	Cooperatieve Rabobank Ua	AU3CB0293348	Australia	0.99%
44	Qbe Insurance Group Ltd	AU3CB0313229	Australia	0.98%
45	Shinhan Bank Co Ltd	AU3CB0256113	Australia	0.89%
46	Commonwealth Bank Of Australia	AU3CB0322600	Australia	0.89%
47	Commonwealth Bank Of Australia	AU3CB0332039	Australia	0.82%
48	Qbe Insurance Group Ltd	AU3CB0321834	Australia	0.75%
49	Banco Santander Sa	AU3CB0311298	Australia	0.63%
50	Other/Cashcash / derivative			0.04%

Weights as reported by the issuer; they sum to 100.0%. Holdings of other ETFs link to that fund.