C000025040 Fees and Costs — VanEck VIP Emerging Markets Fund, Class S
Data updated: 2026-08-26
The net expense ratio is 1.55%: a 1.00% management fee, a 0.25% 12b-1 fee plus 2.34% other expenses, less a 2.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $93K in broker commissions, 0.1129% of average net assets, and portfolio turnover was 34%.
C000025040 Fees and Expenses
Annual operating expenses and sales charges of C000025040. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.34% |
| Gross expense ratio | 3.59% |
| Fee waiver | −2.04% |
| Net expense ratio | 1.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000025040 Costs Over Time
On $10,000 invested in C000025040, assuming 5% a year before costs, total costs come to $1,026 over 5 years, cutting the return by 1.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.55%) | $163 | $504 | $868 |
| Trading costs (broker commissions) | $12 | $37 | $63 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $175 | $568 | $1,026 |
| Value after costs | $10,325 | $11,008 | $11,736 |
| Impact on return, per year | 1.75% | 1.75% | 1.75% |
C000025040 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1129%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $53.8M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $17K (0.020% of average net assets)
C000025040 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $13K | 17.68% |
| J.P. Morgan Securities LLC | $10K | 13.92% |
| BofA Securities, Inc. | $9K | 11.84% |
| Citigroup Global Markets Inc. | $7K | 9.78% |
| HSBC Securities (USA) Inc. | $7K | 9.26% |
| Eurobank Ergasias Services and Holdings S.A. | $7K | 9.02% |
| UBS Securities LLC | $6K | 8.48% |
| Jefferies LLC | $5K | 6.83% |
| Morgan Stanley & Co. LLC | $5K | 6.66% |
| CLSA Americas, LLC | $5K | 6.53% |
C000025040 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $53.4M | 99.28% |
| FirstRand Bank Limited | $277K | 0.51% |
| Goldman Sachs & Co. LLC | $108K | 0.20% |
VanEck VIP Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000025038 | Initial Class | 1.30% | — |
| C000025040 | Class S | 1.55% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.