# EDGAR Filing Document

**Accession Number:** 0000811976
**File Stem:** 0001410368-25-028342
**Filing Date:** 2025-11
**Character Count:** 51769
**Document Hash:** 0f78b56949f51ffcff1a47592d225a02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028342.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028342

**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:** 251507695

**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 Bond Fund (Series ID: S000009220)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000025035 | Initial Class |  |

## 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 Bond Fund

- **b. EDGAR series identifier (if any):** S000009220

- **c. LEI of Series:** 549300GUMMWRY4ZP1766

**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:** $22283883.27

**Total Liabilities:** $936893.79

**Net Assets:** $21346989.48

**Cash Not Reported:** $53.47

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -2.28000000 | **1-Year:** -70.74000000 | **5-Year:** -683.23000000 | **10-Year:** -287.00000000 | **30-Year:** -7.83000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -20.10000000 | **1-Year:** -425.63000000 | **5-Year:** -998.82000000 | **10-Year:** -1123.12000000 | **30-Year:** -368.69000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025035 | -0.25%               | 2.68%                | 1.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $95965.16                | $-238140.64                                |
| Month 2  | $72802.78                | $316563.57                                 |
| Month 3  | $-36830.59               | $253319.84                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INDONESIA GOVERNMENT                              | Indonesia Treasury Bond                                                     | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 5344000000 | PA      | $334380.80    | 1.57%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CORPORACION GEO SA DE CV                          | Corp GEO SAB de CV                                                          | CUSIP: 000000000<br>LEI: 54930004KSSRAZ2P6765 | Long             | DBT              | CORP              | MX        |     120000 | PA      | $325.20       | 0.00%             | 2020-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds              | Ghana Government International Bonds                                        | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     159771 | PA      | $137247.88    | 0.64%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     864000 | PA      | $31918.81     | 0.15%             | 2037-06-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                           | Hungary Government Bond                                                     | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   36250000 | PA      | $110216.60    | 0.52%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds                           | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |      96000 | PA      | $54384.00     | 0.25%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                             | Bonos de la Tesoreria de la Republica en pesos                              | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  220000000 | PA      | $223803.08    | 1.05%             | 2030-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                             | China Government Bond                                                       | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    2500000 | PA      | $351997.08    | 1.65%             | 2027-02-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                          | Medco Maple Tree Pte Ltd                                                    | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |      79000 | PA      | $82617.81     | 0.39%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds  | Republic of Kenya Government International Bonds                            | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |      63000 | PA      | $57225.52     | 0.27%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND                               | Korea Treasury Bond                                                         | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |  274300000 | PA      | $194513.93    | 0.91%             | 2030-03-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BONOS DE TESORERIA                                | Peru Government Bond                                                        | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     371000 | PA      | $116958.72    | 0.55%             | 2039-08-12      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                          | Brazil Notas do Tesouro Nacional Serie F                                    | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2773000 | PA      | $439991.62    | 2.06%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE                            | Trident Energy Finance PLC                                                  | CUSIP: 89616MAB6<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |      91000 | PA      | $95145.31     | 0.45%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| SECURE INTERNATIONAL FIN                          | Secure International Finance Co Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GY        |      12353 | PA      | $12414.70     | 0.06%             | 2029-06-03      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| ECOPETROL SA                                      | Ecopetrol SA                                                                | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     146000 | PA      | $158352.70    | 0.74%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Cameroon                              | Republic of Cameroon International Bond                                     | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |      37333 | PA      | $37262.45     | 0.17%             | 2025-11-19      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO                                 | Trinidad & Tobago Government International Bond                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |      54000 | PA      | $55177.20     | 0.26%             | 2031-01-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                           | Hungary Government Bond                                                     | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   76580000 | PA      | $237993.11    | 1.11%             | 2026-10-21      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                           | Mexican Bonos                                                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   10800000 | PA      | $513629.23    | 2.41%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SECURE INTERNATIONAL FIN                          | Secure International Finance Co Inc                                         | CUSIP: 81373LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | GY        |      37059 | PA      | $37244.11     | 0.17%             | 2029-06-03      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| State Street Global Advisors                      | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |     843782 | NS      | $843782.50    | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMANIA                                           | Romanian Government International Bond                                      | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |      53000 | PA      | $63826.97     | 0.30%             | 2039-07-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                       | Geopark Ltd                                                                 | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |     159000 | PA      | $143887.85    | 0.67%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| EDO SUKUK LTD                                     | EDO Sukuk Ltd                                                               | CUSIP: 28135J2A4<br>LEI: 5493000LZIE4T625R469 | Long             | DBT              | CORP              | KY        |      86000 | PA      | $91104.92     | 0.43%             | 2033-09-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF ECUADOR                               | Ecuador Government International Bond                                       | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     360000 | PA      | $280350.00    | 1.31%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                             | Guatemala Government Bond                                                   | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     105000 | PA      | $108641.40    | 0.51%             | 2036-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF BAHAMAS                           | Bahamas Government International Bond                                       | CUSIP: 056732AP5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |      33000 | PA      | $35691.48     | 0.17%             | 2036-06-24      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                         | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  330000000 | PA      | $87259.08     | 0.41%             | 2033-02-03      | Fixed         | 14.38%                | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                            | Republic of Poland Government Bond                                          | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    1705000 | PA      | $492128.63    | 2.31%             | 2033-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                            | Republic of Poland Government Bond                                          | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    2296000 | PA      | $612265.02    | 2.87%             | 2035-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                           | Mexican Bonos                                                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   10310000 | PA      | $494687.54    | 2.32%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                              | Colombian TES                                                               | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        | 1233000000 | PA      | $303571.33    | 1.42%             | 2046-07-25      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Czech Republic                                    | Czech Republic Government Bond                                              | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    1300000 | PA      | $61677.71     | 0.29%             | 2026-06-26      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                          | Saudi Government International Bond                                         | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |     438000 | PA      | $520015.31    | 2.44%             | 2032-03-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                           | Hungary Government Bond                                                     | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   28000000 | PA      | $59693.11     | 0.28%             | 2034-06-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                             | Sri Lanka Government International Bond                                     | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      85063 | PA      | $62184.50     | 0.29%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                 | Gabon Government International Bond                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     200000 | PA      | $187927.00    | 0.88%             | 2029-02-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |   10523000 | PA      | $328335.97    | 1.54%             | 2035-12-17      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds          | Sri Lanka Government International Bonds                                    | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     227000 | PA      | $165946.20    | 0.78%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                             | Bonos de la Tesoreria de la Republica en pesos                              | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  160000000 | PA      | $170421.14    | 0.80%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds                           | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     265600 | PA      | $193702.08    | 0.91%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds         | Costa Rica Government International Bonds                                   | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |      61000 | PA      | $63729.75     | 0.30%             | 2031-02-19      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |   10471000 | PA      | $330340.89    | 1.55%             | 2028-04-17      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIFL US LLC                          | Digicel International Finance Ltd / Difl US LLC                             | CUSIP: 25381MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      22000 | PA      | $22635.10     | 0.11%             | 2032-08-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds            | Ecuador Government International Bonds                                      | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     275000 | PA      | $208353.75    | 0.98%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                            | Gran Tierra Energy Inc                                                      | CUSIP: 000000000<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     160000 | PA      | $135547.79    | 0.63%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Republic of Congo                                 | Congolese International Bond                                                | CUSIP: 000000000<br>LEI: 529900BXT90HR4QTB688 | Long             | SN               | NUSS              | CG        |     405840 | PA      | $372271.96    | 1.74%             | 2029-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bolivia Government International Bonds            | Bolivia Government International Bonds                                      | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |     228000 | PA      | $177976.80    | 0.83%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                           | Philippine Government International Bond                                    | CUSIP: 718286BM8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |   24547000 | PA      | $418176.89    | 1.96%             | 2036-01-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds | Argentina Republic Government International Bonds                           | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     224000 | PA      | $117488.00    | 0.55%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds              | Egypt Government International Bonds                                        | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     211000 | PA      | $190862.50    | 0.89%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                | Angolan Government International Bond                                       | CUSIP: 035198AB6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      79000 | PA      | $79565.96     | 0.37%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TITULOS DE TESORERIA                              | Colombian TES                                                               | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  354500000 | PA      | $94746.12     | 0.44%             | 2040-11-28      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| BARBADOS GOVT OF                                  | Barbados Government International Bond                                      | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |      35000 | PA      | $36459.33     | 0.17%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                               | Malaysia Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     411000 | PA      | $101632.97    | 0.48%             | 2039-04-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND                            | Oman Government International Bond                                          | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |      99000 | PA      | $106938.81    | 0.50%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                 | Gabon Government International Bond                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     214000 | PA      | $172062.91    | 0.81%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                          | Brazil Notas do Tesouro Nacional Serie F                                    | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    1769000 | PA      | $326527.54    | 1.53%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CZECH REPUBLIC                                    | Czech Republic Government Bond                                              | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    3780000 | PA      | $187717.02    | 0.88%             | 2034-04-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                        | Singapore Government Bonds                                                  | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |     106000 | PA      | $88077.91     | 0.41%             | 2035-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GLP PTE LTD                                       | GLP Pte Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | CORP              | SG        |     168000 | PA      | $116322.08    | 0.54%             | 2026-05-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                           | Romanian Government International Bond                                      | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     296000 | PA      | $356467.60    | 1.67%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                               | Nigeria Government International Bond                                       | CUSIP: 65412JAT0<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     103000 | PA      | $93098.68     | 0.44%             | 2051-09-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                           | Hungary Government Bond                                                     | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   36200000 | PA      | $93940.65     | 0.44%             | 2030-08-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                | Angolan Government International Bond                                       | CUSIP: 035198AC4<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      41000 | PA      | $35310.03     | 0.17%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| Czech Republic                                    | Czech Republic Government Bond                                              | CUSIP: 000000000<br>LEI: 3157007EFDLQABN47912 | Long             | DBT              | NUSS              | CZ        |    7860000 | PA      | $317285.49    | 1.49%             | 2033-10-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                          | Republic of South Africa Government Bond                                    | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   13889000 | PA      | $700444.43    | 3.28%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                               | Malaysia Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     576000 | PA      | $132145.73    | 0.62%             | 2031-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SIAM COMMERCIAL BANK CAY                          | Siam Commercial Bank PCL/Cayman Islands                                     | CUSIP: 000000000<br>LEI: 54930068OELHUBHH1U03 | Long             | DBT              | CORP              | TH        |     130000 | PA      | $130112.03    | 0.61%             | 2029-02-11      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                              | Paraguay Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |  669000000 | PA      | $91298.54     | 0.43%             | 2031-02-09      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                         | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  508000000 | PA      | $142458.28    | 0.67%             | 2035-11-08      | Fixed         | 16.25%                | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                | Morocco Government International Bond                                       | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |      53000 | PA      | $58601.06     | 0.27%             | 2030-09-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PLC                                 | SEPLAT Energy PLC                                                           | CUSIP: 81733MAA3<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |     161000 | PA      | $165550.26    | 0.78%             | 2030-03-21      | Fixed         | 9.13%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF EL SALVADOR                           | El Salvador Government International Bond                                   | CUSIP: 283875CD2<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      82000 | PA      | $2214.00      | 0.01%             | 2030-04-17      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                        | Singapore Government Bonds                                                  | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |      71000 | PA      | $61205.51     | 0.29%             | 2033-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UGANDA GOVERNMENT BOND                            | Republic of Uganda Government Bonds                                         | CUSIP: 000000000<br>LEI: 549300NF1DEFHG8XLQ11 | Long             | DBT              | NUSS              | UG        |  912000000 | PA      | $234327.73    | 1.10%             | 2034-06-22      | Fixed         | 14.25%                | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds            | Turkiye Government International Bonds                                      | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     340000 | PA      | $270244.17    | 1.27%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| AES PANAMA GENERATION HL                          | AES Panama Generation Holdings SRL                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |     118546 | PA      | $112113.92    | 0.53%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      15196 | PA      | $15068.38     | 0.07%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BONOS TESORERIA PESOS                             | Bonos de la Tesoreria de la Republica en pesos                              | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |  355000000 | PA      | $390969.25    | 1.83%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                             | NWD Finance BVI Ltd                                                         | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |      72000 | PA      | $37387.59     | 0.18%             | 2025-10-30      | Fixed         | 10.13%                | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                               | Malaysia Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    1640000 | PA      | $400466.43    | 1.88%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                             | NWD Finance BVI Ltd                                                         | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |     334000 | PA      | $149028.55    | 0.70%             | 2026-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL                                       | 3R Lux SARL                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     137000 | PA      | $144767.90    | 0.68%             | 2031-02-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                 | Gabon Government International Bond                                         | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      22000 | PA      | $17686.61     | 0.08%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                             | Petroleos del Peru SA                                                       | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     219000 | PA      | $190625.27    | 0.89%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| BOLIVIA GOVERNMENT                                | Bolivian Government International Bond                                      | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |     110000 | PA      | $90244.00     | 0.42%             | 2030-03-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZAMBIA GOVERNMENT BOND                            | Zambia Government Bond                                                      | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |    2947000 | PA      | $103402.30    | 0.48%             | 2031-01-25      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                             | China Government Bond                                                       | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    1000000 | PA      | $141859.81    | 0.66%             | 2027-03-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bond                                       | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    6042000 | PA      | $166717.67    | 0.78%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| UAE International Government Bonds                | UAE International Government Bonds                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |     280000 | PA      | $250851.04    | 1.18%             | 2031-10-19      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                              | Fortune Star BVI Ltd                                                        | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      95000 | PA      | $93917.87     | 0.44%             | 2027-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                           | Mexican Bonos                                                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   11260000 | PA      | $535706.59    | 2.51%             | 2053-07-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                             | Argentine Republic Government International Bond                            | CUSIP: 000000000<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     160000 | PA      | $128575.02    | 0.60%             | 2030-07-09      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio                        | Invesco Treasury Portfolio                                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |    1613609 | NS      | $1613609.44   | 7.56%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                            | Republic of Uzbekistan International Bond                                   | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |      40000 | PA      | $36809.93     | 0.17%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bond                                   | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     171000 | PA      | $187794.44    | 0.88%             | 2040-10-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                      | Ecopetrol SA                                                                | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     139000 | PA      | $143643.73    | 0.67%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                             | Petroleos del Peru SA                                                       | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     183000 | PA      | $135471.24    | 0.63%             | 2047-06-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bond                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |      89000 | PA      | $93405.50     | 0.44%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND                               | Korea Treasury Bond                                                         | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |  212000000 | PA      | $163807.87    | 0.77%             | 2033-12-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                          | Republic of South Africa Government Bond                                    | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   11278000 | PA      | $564334.36    | 2.64%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                     | HTA Group Ltd/Mauritius                                                     | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |      22000 | PA      | $22880.10     | 0.11%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| THAILAND GOVERNMENT BOND                          | Thailand Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    6443000 | PA      | $230423.90    | 1.08%             | 2045-06-17      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                               | Malaysia Government Bond                                                    | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |    1563000 | PA      | $373180.40    | 1.75%             | 2030-05-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY GEOTHERMAL                            | Star Energy Geothermal Wayang Windu Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |      98568 | PA      | $102190.87    | 0.48%             | 2033-04-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND                               | Benin Government International Bond                                         | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |       8000 | PA      | $8200.51      | 0.04%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bond                                       | CUSIP: 000000000<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    3421000 | PA      | $87186.36     | 0.41%             | 2028-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FRIGORIFICO CONCEPCION                            | Frigorifico Concepcion SA                                                   | CUSIP: 000000000<br>LEI: 529900Q6VZVL47QJCQ91 | Long             | DBT              | CORP              | PY        |     251000 | PA      | $186580.91    | 0.87%             | 2028-07-21      | Fixed         | 7.70%                 | No            |                  2 | On Loan: —       |
| Republic of South Africa                          | Republic of South Africa Government Bond                                    | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    1855000 | PA      | $98427.21     | 0.46%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NEW WORLD CHINA LAND LTD                          | New World China Land Ltd                                                    | CUSIP: 000000000<br>LEI: 549300X7767HIID3YE28 | Long             | DBT              | CORP              | KY        |      77000 | PA      | $65703.82     | 0.31%             | 2027-01-23      | Fixed         | 4.75%                 | 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