VanEck VIP Trust NPORT-P VanEck VIP Global Gold Fund (Mar 2024 report)

VANECK

VIP

GLOBAL

GOLD

FUND

SCHEDULE

OF

INVESTMENTS

March

31,

2024

(unaudited)

1

Number

of

Shares

Value

COMMON

STOCKS

:

94.3%

Australia

:

19.3%

Bellevue

Gold

Ltd. *

1,681,886‌

$

2,068,351‌

De

Grey

Mining

Ltd. *

823,132‌

679,190‌

Emerald

Resources

NL *

543,380‌

1,038,723‌

Evolution

Mining

Ltd.

586,892‌

1,371,648‌

Northern

Star

Resources

Ltd.

264,900‌

2,499,480‌

Perseus

Mining

Ltd.

150,200‌

210,622‌

Predictive

Discovery

Ltd. *

†

6,298,272‌

923,461‌

Resolute

Mining

Ltd. *

2,398,732‌

672,790‌

West

African

Resources

Ltd. *

901,126‌

705,614‌

10,169,879‌

Brazil

:

5.2%

Wheaton

Precious

Metals

Corp.

(USD)

57,955‌

2,731,419‌

Underline

Canada

:

52.1%

Agnico

Eagle

Mines

Ltd.

(USD)

60,807‌

3,627,138‌

Alamos

Gold,

Inc.

(USD)

208,283‌

3,072,174‌

Allied

Gold

Corp. *

†

112,510‌

282,407‌

B2Gold

Corp.

218,388‌

572,351‌

B2Gold

Corp.

(USD) †

292,869‌

764,388‌

Barrick

Gold

Corp.

(USD)

179,335‌

2,984,134‌

Franco-Nevada

Corp.

(USD)

15,230‌

1,814,807‌

G

Mining

Ventures

Corp. *

†

717,500‌

1,001,126‌

G2

Goldfields

Inc.

(USD)

261,000‌

172,260‌

G2

Goldfields,

Inc. *

†

75,500‌

50,164‌

Galway

Metals,

Inc. *

†

358,576‌

103,241‌

GoGold

Resources,

Inc. *

ø

131,500‌

119,409‌

Kinross

Gold

Corp.

(USD)

507,376‌

3,110,215‌

Liberty

Gold

Corp. *

1,881,813‌

444,561‌

Liberty

Gold

Corp. *

ø

352,000‌

83,157‌

Lundin

Gold,

Inc.

101,200‌

1,422,500‌

Montage

Gold

Corp. *

346,000‌

319,294‌

O3

Mining,

Inc. *

107,100‌

113,066‌

Orezone

Gold

Corp. *

†

581,004‌

364,589‌

Osisko

Gold

Royalties

Ltd.

(USD)

129,900‌

2,132,958‌

Osisko

Mining,

Inc. *

246,536‌

505,976‌

Pan

American

Silver

Corp.

(USD)

111,200‌

1,676,896‌

Probe

Gold,

Inc. *

222,682‌

256,457‌

Reunion

Gold

Corp. *

†

2,307,088‌

791,994‌

Silver

Tiger

Metals,

Inc. *

360,200‌

41,217‌

Skeena

Resources

Ltd. *

†

91,153‌

419,241‌

Snowline

Gold

Corp. *

†

138,000‌

614,330‌

Thesis

Gold,

Inc. *

†

242,594‌

107,457‌

West

Red

Lake

Gold

Mines

Ltd. *

†

843,000‌

454,313‌

27,421,820‌

South

Africa

:

4.9%

Anglogold

Ashanti

Plc

(USD)

53,200‌

1,181,040‌

Gold

Fields

Ltd.

(ADR)

89,100‌

1,415,799‌

2,596,839‌

Turkey

:

1.6%

Eldorado

Gold

Corp.

(USD) *

61,228‌

861,478‌

Underline

Number

of

Shares

Value

United

Kingdom

:

1.9%

Endeavour

Mining

Plc

(CAD)

49,409‌

$

1,003,828‌

Underline

United

States

:

9.3%

GoGold

Resources,

Inc.

(CAD) *

†

315,182‌

286,201‌

Newmont

Corp.

43,642‌

1,564,130‌

Royal

Gold,

Inc.

25,200‌

3,069,612‌

4,919,943‌

Total

Common

Stocks

(Cost:

$35,240,798)

49,705,206‌

WARRANTS

:

0.0%

Canada

:

0.0%

Marathon

Gold

Corp.,

CAD

2.19,

exp.

03/01/24

∞

40,000‌

3,240‌

Reunion

Gold

Corp.,

CAD

0.39,

exp.

07/06/24

∞

240,994‌

19,464‌

Underline

Total

Warrants

(Cost:

$17,465)

22,704‌

EXCHANGE

TRADED

FUND

:

3.9%

(a)

(Cost:

$1,969,168)

United

States

:

3.9%

SPDR

Gold

MiniShares

Trust

*

46,000‌

2,026,300‌

Underline

MONEY

MARKET

FUND

:

5.2%

(Cost:

$2,735,759)

Invesco

Treasury

Portfolio

-

Institutional

Class

2,735,759‌

2,735,759‌

Underline

Total

Investments

Before

Collateral

for

Securities

Loaned:

103.4%

(Cost:

$39,963,190)

54,489,969‌

SHORT-TERM

INVESTMENT

HELD

AS

COLLATERAL

FOR

SECURITIES

ON

LOAN:

3.4%

Money

Market

Fund:

3.4%

(Cost:

$1,788,629)

State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

1,788,629‌

1,788,629‌

Total

Investments:

106.8%

(Cost:

$41,751,819)

56,278,598‌

Liabilities

in

excess

of

other

assets:

(6.8)%

(3,590,134‌)

NET

ASSETS:

100.0%

$

52,688,464‌

VANECK

VIP

GLOBAL

GOLD

FUND

SCHEDULE

OF

INVESTMENTS

(unaudited)

(continued)

2

FootnoteRuleAboveBlank

Footnotes:

Definitions:

ADR

American

Depositary

Receipt

CAD

Canadian

Dollar

USD

United

States

Dollar

*

Non-income

producing

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$2,371,546.

ø

Restricted

Security

–

the

aggregate

value

of

restricted

securities

is

$202,565,

or

0.4%

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.

(a)

The

underlying

fund’s

shareholder

reports

and

registration

documents

are

available

free

of

charge

on

the

SEC’s

website

at

https://www.

sec.gov.

Restricted

securities

held

by

the

Fund

as

of

March

31,

2024

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

$

119,408

0.2‌%

Liberty

Gold

Corp.

10/04/2021

352,000

182,953

83,157

0.2‌%

$279,582

$202,565

0.4‌%