# EDGAR Filing Document

**Accession Number:** 0000811976
**File Stem:** 0001410368-25-028341
**Filing Date:** 2025-11
**Character Count:** 39596
**Document Hash:** f210c9e85c416d706ec21a5dfcd7b2a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028341.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028341

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck VIP Trust
- **CENTRAL INDEX KEY:** 0000811976

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05083
- **FILM NUMBER:** 251507694

**BUSINESS ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-293-2000

**MAIL ADDRESS:**
- **STREET 1:** 666 THIRD AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN ECK VIP TRUST
- **DATE OF NAME CHANGE:** 20100503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN ECK WORLDWIDE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 19950328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VAN ECK INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### VanEck VIP Emerging Markets Fund (Series ID: S000009221)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000025038 | Initial Class |  |
| C000025040 | S Class       |  |

## Nport-Ex

VANECK

VIP

EMERGING

MARKETS

FUND

SCHEDULE

OF

INVESTMENTS

September

30,

2025

(unaudited)

#### Number

#### of

#### Shares

#### Value

#### COMMON

#### STOCKS:

#### 96.6%

#### Brazil

#### :

#### 6.6%
JSL

SA

510,000

$

608,483

MercadoLibre,

Inc.

(USD) \*

970

2,266,832

Multiplan

Empreendimentos

Imobiliarios

SA \*

35,000

191,235

NU

Holdings

Ltd.

(USD) \*

37,000

592,370

Rede

D'Or

Sao

Luiz

SA

144A \*

180,000

1,423,157

Smartfit

Escola

de

Ginastica

e

Danca

SA \*

203,656

1,020,911

6,102,988

#### China

#### :

#### 29.0%
Alibaba

Group

Holding

Ltd.

(ADR)

13,500

2,412,855

ANTA

Sports

Products

Ltd.

(HKD)

50,000

598,919

BYD

Co.

Ltd.

(HKD)

90,000

1,272,121

China

Resources

Mixc

Lifestyle

Services

Ltd.

(HKD)

144A

144,000

763,882

Full

Truck

Alliance

Co.

Ltd.

(ADR)

144,000

1,867,680

Galaxy

Entertainment

Group

Ltd.

(HKD)

180,000

989,704

H

World

Group

Ltd.

(ADR) †

10,000

391,100

JD.com,

Inc.

(ADR)

14,000

489,720

KE

Holdings,

Inc.

(ADR)

83,000

1,577,000

Mao

Geping

Cosmetics

Co.

LTD

(HKD) †

30,000

399,840

MINISO

Group

Holding

Ltd.

(ADR) †

56,000

1,260,000

NetEase,

Inc.

(HKD)

51,500

1,564,175

PDD

Holdings,

Inc.

(ADR) \*

7,500

991,275

Ping

An

Bank

Co.

Ltd.

234,000

372,429

Prosus

NV

(EUR)

47,000

3,323,606

Shenzhen

Inovance

Technology

Co.

Ltd.

99,000

1,168,011

TAL

Education

Group

(ADR) \*

41,000

459,200

Tencent

Holdings

Ltd.

(HKD)

40,500

3,450,988

Tencent

Music

Entertainment

Group

(ADR)

20,000

466,800

Trip.com

Group

Ltd.

(ADR)

14,000

1,052,800

Xiaomi

Corp.

(HKD)

144A \*

190,000

1,320,490

Yum

China

Holdings,

Inc.

(USD)

11,000

472,120

26,664,715

#### Egypt

#### :

#### 1.2%
Commercial

International

Bank

520,000

1,097,670

Underline

#### Greece

#### :

#### 2.6%
Eurobank

Ergasias

Services

and

Holdings

SA

290,000

1,121,822

Piraeus

Financial

Holdings

SA \*

155,000

1,316,604

2,438,426

#### Hungary

#### :

#### 1.6%
OTP

Bank

Nyrt

17,000

1,470,557

Underline

#### Number

#### of

#### Shares

#### Value

#### India

#### :

#### 17.7%
Aditya

Birla

Capital

Ltd. \*

414,000

$

1,365,265

Cholamandalam

Investment

and

Finance

Co.

Ltd.

71,000

1,286,560

Delhivery

Ltd. \*

150,000

766,608

HDFC

Bank

Ltd.

110,400

1,184,989

HDFC

Bank

Ltd.

(ADR)

54,000

1,844,640

Jio

Financial

Services

Ltd.

366,000

1,210,017

KEI

Industries

Ltd.

20,000

911,669

Larsen

&

Toubro

Ltd.

17,000

702,007

Lemon

Tree

Hotels

Ltd.

144A \*

530,000

992,799

Oberoi

Realty

Ltd.

74,000

1,325,175

Phoenix

Mills

Ltd.

94,000

1,645,578

PN

Gadgil

Jewellers

Ltd. \*

34,000

231,740

Reliance

Industries

Ltd.

181,000

2,780,124

16,247,171

#### Kazakhstan

#### :

#### 1.7%
Kaspi.kz

JSC

(ADR)

19,000

1,551,920

Underline

#### Mexico

#### :

#### 1.8%
BBB

Foods,

Inc.

(USD) \*

†

23,000

620,080

Regional

SAB

de

CV

118,000

1,059,542

1,679,622

#### Peru

#### :

#### 0.8%
Credicorp

Ltd.

(USD)

2,700

718,956

Underline

#### Philippines

#### :

#### 2.0%
Ayala

Land,

Inc.

600,000

251,251

International

Container

Terminal

Services,

Inc.

195,000

1,581,432

1,832,683

#### Poland

#### :

#### 2.2%
Diagnostyka

SA

10,200

534,973

InPost

SA

(EUR) \*

75,000

923,374

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

30,000

582,920

2,041,267

#### Russia

#### :

#### 0.0%
Sberbank

of

Russia

PJSC \*

340,256

Underline

#### Saudi

#### Arabia

#### :

#### 2.3%
Al

Rajhi

Bank

30,000

857,256

Saudi

National

Bank

51,000

532,819

United

International

Transportation

Co.

37,000

730,258

2,120,333

#### Singapore

#### :

#### 0.9%
Grab

Holdings

Ltd.

(USD) \*

140,000

842,800

Underline

#### South

#### Korea

#### :

#### 5.8%
HD

Hyundai

Electric

Co.

Ltd.

2,000

831,873

Samsung

Biologics

Co.

Ltd.

144A \*

1,400

997,707

SK

Hynix,

Inc.

14,000

3,470,570

5,300,150

#### Taiwan

#### :

#### 13.3%
Chroma

ATE,

Inc.

88,000

1,679,390

Poya

International

Co.

Ltd.

32,732

504,296

Sea

Ltd.

(ADR) \*

2,600

464,698

VANECK

VIP

EMERGING

MARKETS

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Number

#### of

#### Shares

#### Value

#### Taiwan
(continued)

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

207,000

$

8,991,629

Wiwynn

Corp.

5,000

547,856

12,187,869

#### Tanzania

#### :

#### 1.3%
Helios

Towers

PLC

(GBP) \*

600,000

1,205,031

Underline

#### Turkey

#### :

#### 1.5%
MLP

Saglik

Hizmetleri

AS

144A \*

169,000

1,354,288

Underline

#### United

#### Arab

#### Emirates

#### :

#### 2.1%
Abu

Dhabi

Commercial

Bank

PJSC

114,000

453,015

Emaar

Properties

PJSC

190,000

675,052

Talabat

Holding

PLC

2,600,000

793,694

1,921,761

#### United

#### Kingdom

#### :

#### 2.2%
Lion

Finance

Group

PLC

20,000

2,062,643

Underline

#### Total

#### Common

#### Stocks
(Cost:

$55,280,638)

88,840,850

#### PREFERRED

#### SECURITIES:

#### 3.9%

#### Brazil

#### :

#### 1.1%
Itau

Unibanco

Holding

SA

137,500

1,009,371

Underline

#### Number

#### of

#### Shares

#### Value

#### South

#### Korea

#### :

#### 2.8%
Samsung

Electronics

Co.

Ltd.

53,000

$

2,515,433

Underline

#### Total

#### Preferred

#### Securities
(Cost:

$2,833,421)

3,524,804

#### MONEY

#### MARKET

#### FUND

#### :

#### 0.6%
Invesco

Treasury

Portfolio

-

Institutional

Class

3.99%(a)

570,938

570,938

Underline

#### Total

#### Investments

#### Before

#### Collateral

#### for

#### Securities

#### Loaned:

#### 101.1%
(Cost:

$58,684,997)

92,936,592

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 0.1%

#### Money

#### Market

#### Fund:

#### 0.1%
(Cost:

$106,330)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.18%(b)

106,330

106,330

#### Total

#### Investments:

#### 101.2%
(Cost:

$58,791,327)

93,042,922

#### Liabilities

#### in

#### excess

#### of

#### other

#### assets:

#### (1.2)%
(1,102,584)

#### NET

#### ASSETS:

#### 100.0%
$

91,940,338

#### Definitions:
ADR

American

Depositary

Receipt

EUR

Euro

GBP

British

Pound

HKD

Hong

Kong

Dollar

USD

United

States

Dollar

\*

Non-income

producing

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$1,856,326.

(a) Rate

shown

is

the

7-day

yield

as

of

09/30/25.

(b) Rate

shown

is

the

1-day

yield

as

of

09/30/25.

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.

These

securities

have

an

aggregate

value

of

$6,852,323,

or

7.5%

of

net

assets.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VanEck VIP Trust

- **b. Investment Company Act file number:** 811-05083

- **c. CIK number of Registrant:** 0000811976

- **d. LEI of Registrant:** 549300B6PVLDT5B57N02

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 666 THIRD AVENUE, 9TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-293-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** VanEck VIP Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000009221

- **c. LEI of Series:** 549300P5D2K4Q4L06Q09

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $93294018.89

**Total Liabilities:** $1323535.19

**Net Assets:** $91970483.70

**Cash Not Reported:** $46753.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025040 | -0.97%               | 3.46%                | 5.58%                |
| Class ID C000025038 | -0.94%               | 3.39%                | 5.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $756131.13               | $-1865954.71                               |
| Month 2  | $312226.64               | $2689783.48                                |
| Month 3  | $810432.34               | $3989551.36                                |

### Schedule of Portfolio Investments

| Name                                          | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cholamandalam Investment and Finance Co Ltd   | Cholamandalam Investment and Finance Co Ltd                                 | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |     71000 | NS      | $1286560.24   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp                                   | Xiaomi Corp                                                                 | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |    190000 | NS      | $1320489.73   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd                           | Larsen & Toubro Ltd                                                         | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     17000 | NS      | $702006.60    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd           | Shenzhen Inovance Technology Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     99000 | NS      | $1168010.60   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| H World Group Ltd                             | H World Group Ltd                                                           | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | KY        |     10000 | NS      | $391100.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| PDD Holdings Inc                              | PDD Holdings Inc                                                            | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      7500 | NS      | $991275.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional SAB de CV                            | Regional SAB de CV                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    118000 | NS      | $1059541.87   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Finance Group PLC                        | Lion Finance Group PLC                                                      | CUSIP: 000000000<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |     20000 | NS      | $2062642.89   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Piraeus Financial Holdings SA                 | Piraeus Financial Holdings SA                                               | CUSIP: 000000000<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    155000 | NS      | $1316604.49   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| BBB Foods Inc                                 | BBB Foods Inc                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     23000 | NS      | $620080.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Full Truck Alliance Co Ltd                    | Full Truck Alliance Co Ltd                                                  | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |    144000 | NS      | $1867680.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                  | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857492706<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |    103721 | NS      | $103720.55    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                       | Sea Ltd                                                                     | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      2000 | NS      | $357460.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Bank Co Ltd                           | Ping An Bank Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |    234000 | NS      | $372429.03    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Delhivery Ltd                                 | Delhivery Ltd                                                               | CUSIP: 000000000<br>LEI: 335800CUQ1SBCH9TTH82 | Long             | EC               | CORP              | IN        |    150000 | NS      | $766607.71    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Oberoi Realty Ltd                             | Oberoi Realty Ltd                                                           | CUSIP: 000000000<br>LEI: 335800TCKG1XQXN51L44 | Long             | EC               | CORP              | IN        |     74000 | NS      | $1325174.51   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                       | Reliance Industries Ltd                                                     | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    181000 | NS      | $2780124.26   | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Mixc Lifestyle Services Ltd   | China Resources Mixc Lifestyle Services Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    144000 | NS      | $763881.66    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                     | Alibaba Group Holding Ltd                                                   | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     13500 | NS      | $2412855.00   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                                 | OTP Bank Nyrt                                                               | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     18500 | NS      | $1600311.99   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| MINISO Group Holding Ltd                      | MINISO Group Holding Ltd                                                    | CUSIP: 66981J102<br>LEI: 2549006PIKT2YKNBL092 | Long             | EC               | CORP              | KY        |     56000 | NS      | $1260000.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Itau Unibanco Holding SA                      | Itau Unibanco Holding SA                                                    | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    137500 | NS      | $1009371.04   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JSL SA                                        | JSL SA                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    510000 | NS      | $608483.25    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                 | HDFC Bank Ltd                                                               | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    110400 | NS      | $1184989.43   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| United International Transportation Co        | United International Transportation Co                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     37000 | NS      | $730257.73    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| TAL Education Group                           | TAL Education Group                                                         | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |     41000 | NS      | $459200.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                | Chroma ATE Inc                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     88000 | NS      | $1679389.82   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd                | Galaxy Entertainment Group Ltd                                              | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    180000 | NS      | $989704.18    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                   | NetEase Inc                                                                 | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     51500 | NS      | $1564175.30   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                      | Samsung Biologics Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1400 | NS      | $997706.76    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PN Gadgil Jewellers Ltd                       | PN Gadgil Jewellers Ltd                                                     | CUSIP: 000000000<br>LEI: 549300CR8FYNOYS5KI58 | Long             | EC               | CORP              | IN        |     34000 | NS      | $231740.33    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                         | Rede D'Or Sao Luiz SA                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    180000 | NS      | $1423157.50   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                      | ANTA Sports Products Ltd                                                    | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |     50000 | NS      | $598918.68    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                         | Emaar Properties PJSC                                                       | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    190000 | NS      | $675052.07    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Group             | Tencent Music Entertainment Group                                           | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |     20000 | NS      | $466800.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Jio Financial Services Ltd                    | Jio Financial Services Ltd                                                  | CUSIP: 000000000<br>LEI: 3358003O268Q1OGBQR42 | Long             | EC               | CORP              | IN        |    366000 | NS      | $1210017.29   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                        | Yum China Holdings Inc                                                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     11000 | NS      | $472120.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                | Abu Dhabi Commercial Bank PJSC                                              | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | EC               | CORP              | AE        |    114000 | NS      | $453015.43    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank Ergasias Services and Holdings SA    | Eurobank Ergasias Services and Holdings SA                                  | CUSIP: 000000000<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | EC               | CORP              | GR        |    290000 | NS      | $1121821.55   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Diagnostyka SA                                | Diagnostyka SA                                                              | CUSIP: 000000000<br>LEI: 259400TB69IYA2WJEU71 | Long             | EC               | CORP              | PL        |     10200 | NS      | $534973.11    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Helios Towers PLC                             | Helios Towers PLC                                                           | CUSIP: 000000000<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    600000 | NS      | $1205030.46   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co Ltd                    | HD Hyundai Electric Co Ltd                                                  | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      2000 | NS      | $831873.60    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Poya International Co Ltd                     | Poya International Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     32732 | NS      | $504296.36    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Talabat Holding PLC                           | Talabat Holding PLC                                                         | CUSIP: 000000000<br>LEI: 529900MAA20AIKRXOA24 | Long             | EC               | CORP              | AE        |   2600000 | NS      | $793693.52    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd                            | Trip.com Group Ltd                                                          | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |     14000 | NS      | $1052800.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                     | Prosus NV                                                                   | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     47000 | NS      | $3323606.40   | 3.61%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                    | JD.com Inc                                                                  | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     14000 | NS      | $489720.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                                   | Wiwynn Corp                                                                 | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |      5000 | NS      | $547856.01    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| MLP Saglik Hizmetleri AS                      | MLP Saglik Hizmetleri AS                                                    | CUSIP: 000000000<br>LEI: 789000M2LTGHSXVOQL65 | Long             | EC               | CORP              | TR        |    169000 | NS      | $1354288.13   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial International Bank - Egypt (CIB)   | Commercial International Bank - Egypt (CIB)                                 | CUSIP: 000000000<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |    520000 | NS      | $1097670.20   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                       | Sberbank of Russia PJSC                                                     | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    340256 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                  | Kaspi.KZ JSC                                                                | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     19000 | NS      | $1551920.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                                  | SK Hynix Inc                                                                | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     14000 | NS      | $3470570.09   | 3.77%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                | NU Holdings Ltd/Cayman Islands                                              | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     37000 | NS      | $592370.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio                    | Invesco Treasury Portfolio                                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |    570938 | NS      | $570937.77    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA     | Multiplan Empreendimentos Imobiliarios SA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     35000 | NS      | $191234.91    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Rajhi Bank                                 | Al Rajhi Bank                                                               | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |     30000 | NS      | $857255.83    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd     | Taiwan Semiconductor Manufacturing Co Ltd                                   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    207000 | NS      | $8991627.57   | 9.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                       | Saudi National Bank/The                                                     | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |     51000 | NS      | $532819.58    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                 | Credicorp Ltd                                                               | CUSIP: 000000000<br>LEI: 549300RHHGJ3HBB7GJ70 | Long             | EC               | CORP              | BM        |      2700 | NS      | $718956.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI Industries Ltd                            | KEI Industries Ltd                                                          | CUSIP: 000000000<br>LEI: 335800UDWBC2AWPU7M56 | Long             | EC               | CORP              | IN        |     20000 | NS      | $911669.42    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                              | MercadoLibre Inc                                                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       970 | NS      | $2266831.80   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost SA                                     | InPost SA                                                                   | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |     75000 | NS      | $923373.53    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aditya Birla Capital Ltd                      | Aditya Birla Capital Ltd                                                    | CUSIP: 000000000<br>LEI: 5299009K0PUXVSIRL787 | Long             | EC               | CORP              | IN        |    414000 | NS      | $1365264.96   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Smartfit Escola de Ginastica e Danca SA       | Smartfit Escola de Ginastica e Danca SA                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    203656 | NS      | $1020910.72   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ayala Land Inc                                | Ayala Land Inc                                                              | CUSIP: 000000000<br>LEI: 254900EWT10TQ6DKTV34 | Long             | EC               | CORP              | PH        |    600000 | NS      | $251251.07    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                          | Tencent Holdings Ltd                                                        | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     40500 | NS      | $3450988.55   | 3.75%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings Inc                               | KE Holdings Inc                                                             | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |     83000 | NS      | $1577000.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Mills Ltd/The                         | Phoenix Mills Ltd/The                                                       | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |     94000 | NS      | $1645577.84   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc | International Container Terminal Services Inc                               | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    195000 | NS      | $1581431.96   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                 | HDFC Bank Ltd                                                               | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     54000 | NS      | $1844640.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mao Geping Cosmetics Co LTD                   | Mao Geping Cosmetics Co LTD                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     30000 | NS      | $399840.02    | 0.43%             |  |  |  | No            |                  2 | On Loan: —       |
| Lemon Tree Hotels Ltd                         | Lemon Tree Hotels Ltd                                                       | CUSIP: 000000000<br>LEI: 335800QFBWIUBBCRJN72 | Long             | EC               | CORP              | IN        |    530000 | NS      | $992798.51    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd                             | Grab Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |    140000 | NS      | $842800.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                    | Samsung Electronics Co Ltd                                                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |     53000 | NS      | $2515433.51   | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                    | BYD Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     90000 | NS      | $1272121.03   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA   | Powszechna Kasa Oszczednosci Bank Polski SA                                 | CUSIP: 000000000<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |     30000 | NS      | $582920.29    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** VanEck VIP Trust

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer