C000069952 Fees and Costs — VanEck Global Natural Resources Portfolio, Class B
Data updated: 2026-08-27
The net expense ratio is 1.02%: a 0.78% management fee, a 0.25% 12b-1 fee plus 0.05% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $462K in broker commissions, 0.0609% of average net assets, and portfolio turnover was 41%.
C000069952 Fees and Expenses
Annual operating expenses and sales charges of C000069952. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.02% |
| 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 |
C000069952 Costs Over Time
On $10,000 invested in C000069952, assuming 5% a year before costs, total costs come to $675 over 5 years, cutting the return by 1.13% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $113 | $371 | $675 |
| Value after costs | $10,387 | $11,205 | $12,088 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
C000069952 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): 0.0609%
- Total broker commissions: $462K
- Bought from dealers (principal trades, not a cost): $12.5M
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $113.0M
- Net income from securities lending: $234K (0.031% of average net assets)
C000069952 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $54K | 16.27% |
| J.P. Morgan Securities LLC | $42K | 12.62% |
| BNY Capital Markets, LLC | $40K | 12.08% |
| BMO Capital Markets Corp. | $35K | 10.65% |
| Jefferies LLC | $33K | 10.07% |
| Barclays Capital Inc. | $33K | 10.03% |
| Goldman Sachs & Co. LLC | $32K | 9.67% |
| National Financial Services LLC | $26K | 7.87% |
| Morgan Stanley & Co. LLC | $18K | 5.41% |
| RBC Capital Markets, LLC | $18K | 5.34% |
C000069952 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.6M | 45.25% |
| Goldman Sachs & Co. LLC | $4.6M | 37.04% |
| Morgan Stanley & Co. LLC | $1.7M | 13.91% |
| BMO Capital Markets Corp. | $474K | 3.80% |
VanEck Global Natural Resources Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000069951 | Class A | 0.77% | — |
| C000069952 | Class B | 1.02% | — |
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.