VanEck VIP Trust NPORT-P VanEck VIP Global Gold Fund (Mar 2023 report)

VANECK VIP GLOBAL GOLD FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (unaudited)

	Number of Shares		Value
COMMON STOCKS: 100.6%
Australia: 18.8%
Bellevue Gold Ltd. *		2,521,886	$	2,156,804
De Grey Mining Ltd. *		713,032		738,786
Emerald Resources NL * †		518,350		504,975
Evolution Mining Ltd.		444,992		923,909
Northern Star Resources Ltd.		307,900		2,524,828
Perseus Mining Ltd.		169,300		268,734
Predictive Discovery Ltd. * †		5,636,372		621,991
Resolute Mining Ltd. *		4,500,732		1,259,707
West African Resources Ltd. *		1,857,126		1,188,807
				10,188,541
Brazil: 5.8%
Wheaton Precious Metals Corp. (USD)		64,855		3,123,417
Canada: 52.8%
Agnico Eagle Mines Ltd. (USD)		69,407		3,537,675
Alamos Gold, Inc. (USD)		280,983		3,436,422
B2Gold Corp. (USD)		528,694		2,083,054
Barrick Gold Corp. (USD)		177,235		3,291,254
Benchmark Metals, Inc. * †		630,746		219,349
Franco-Nevada Corp. (USD)		16,680		2,431,944
G Mining Ventures Corp. *		717,500		546,818
G2 Goldfields Inc. (USD)		261,000		159,523
G2 Goldfields, Inc. *		75,500		45,808
Galway Metals, Inc. * †		358,576		132,659
Goldsource Mines, Inc. * †		250,800		67,734
Kinross Gold Corp. (USD) †		608,876		2,867,806
Liberty Gold Corp. *		352,000		152,364
Liberty Gold Corp. *		1,613,813		704,513
Liberty Gold Corp. * ø		352,000		153,666
Lundin Gold, Inc.		43,900		512,573
Marathon Gold Corp. *		523,749		310,025
O3 Mining, Inc. * †		107,100		106,189
Orezone Gold Corp. * †		1,029,004		1,027,862
Osisko Gold Royalties Ltd. (USD) †		140,300		2,219,546
Osisko Mining, Inc. *		391,536		1,245,731
Probe Gold, Inc. *		222,682		242,207
Pure Gold Mining, Inc. * ø		159,000		1,765
Pure Gold Mining, Inc. ø		1,200,000		13,319
Reunion Gold Corp. * †		1,987,488		573,526
Rio2 Ltd. *		479,206		51,413
Sabina Gold & Silver Corp. *		564,750		856,631
Silver Tiger Metals, Inc. *		360,200		89,284
Skeena Resources Ltd. *		24,500		150,100
Snowline Gold Corp. * †		87,000		175,094
SSR Mining, Inc. (USD)		76,974		1,163,847
				28,569,701
Mexico: 2.1%
Fresnillo Plc (GBP)		58,873		543,636
GoGold Resources, Inc. (CAD) * ø		131,500		207,247
GoGold Resources, Inc. (CAD) *		255,182		394,621
				1,145,504

	Number of Shares		Value
South Africa: 1.1%
Gold Fields Ltd. (ADR) †		43,154	$	574,811
Tanzania: 0.9%
AngloGold Ashanti Ltd. (ADR) †		20,944		506,635
Turkey: 1.3%
Eldorado Gold Corp. (USD) * †		69,028		715,130
United Kingdom: 6.7%
Endeavour Mining Plc (CAD) †		151,409		3,648,828
United States: 11.1%
Newmont Corp.		48,942		2,399,137
Royal Gold, Inc.		28,000		3,631,880
				6,031,017
Total Common Stocks (Cost: $40,622,228)				54,503,584
WARRANTS: 0.1%
Canada: 0.1%
Benchmark Metals, Inc., CAD 1.55, exp. 12/09/23 *∞		36,000		121
Goldsource Mines, Inc., CAD 1.40, exp. 05/20/23 *∞		1,155,500		1
Marathon Gold Corp., CAD 1.10, exp. 09/19/24 *∞		40,000		5,321
Nighthawk Gold Corp., CAD 1.50, exp. 07/07/23 *∞		90,500		0
Reunion Gold Corp., CAD 0.39, exp. 07/06/24 *∞		240,994		23,067
Total Warrants (Cost: $63,781)				28,510
MONEY MARKET FUND: 0.8% (Cost: $428,622)
Invesco Treasury Portfolio - Institutional Class		428,622		428,622
Total Investments Before Collateral for Securities Loaned: 101.5% (Cost: $41,114,631)				54,960,716
SHORT-TERM INVESTMENT HELD AS COLLATERAL FOR SECURITIES ON LOAN: 12.7%
Money Market Fund: 12.7% (Cost: $6,897,169)

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VANECK VIP GLOBAL GOLD FUND

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

	Number of Shares		Value
State Street Navigator Securities Lending Government Money Market Portfolio		6,897,169	$	6,897,169

	Number of Shares	Value
Total Investments: 114.2% (Cost: $48,011,800)		$	61,857,885
Liabilities in excess of other assets: (14.2)%			(7,706,569)
NET ASSETS: 100.0%		$	54,151,316

Definitions:

ADR	American Depositary Receipt
CAD	Canadian Dollar
GBP	British Pound
USD	United States Dollar

Footnotes:

*	Non-income producing
†	Security fully or partially on loan. Total market value of securities on loan is $7,612,860.
ø	Restricted Security – the aggregate value of restricted securities is $375,997, or 0.7% of net assets
∞	Security is valued using pricing models and significant unobservable inputs that factor in volatility and discount for lack of marketability and is classified as Level 3 in the fair value hierarchy.

Restricted securities held by the Fund as of March 31, 2023 are as follows:

Security	Acquisition Date	Number of Shares		Acquisition Cost		Value		% of Net Assets
GoGold Resources, Inc.	08/31/2020		131,500		$96,629		$207,247		0.4	%
Liberty Gold Corp.	10/04/2021		352,000		175,156		153,666		0.3	%
Pure Gold Mining, Inc.	05/21/2020		159,000		112,251		1,765		0.0	%
Pure Gold Mining, Inc.	05/16/2022		1,200,000		140,061		13,319		0.0	%
					$524,097		$375,997		0.7	%

Summary of Investments by Sector Excluding Collateral for Securities Loaned	% of Investments			Value
Gold		95.3	%	$	52,398,359
Precious Metals & Minerals		1.8			970,353
Diversified Metals & Mining		1.2			679,477
Silver		0.9			483,905
Money Market Fund		0.8			428,622
		100.0	%	$	54,960,716

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