# EDGAR Filing Document

**Accession Number:** 0000768847
**File Stem:** 0000768847-25-000200
**Filing Date:** 2025-10
**Character Count:** 47166
**Document Hash:** 53dcab60213c601f7ce33b631fb45dea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000768847-25-000200.hdr.sgml**: 20251009

**ACCESSION NUMBER**: 0000768847-25-000200

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 21

**FILED AS OF DATE**: 20251009

**DATE AS OF CHANGE**: 20251009

**EFFECTIVENESS DATE**: 20251009

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VanEck Funds
- **CENTRAL INDEX KEY:** 0000768847

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288888
- **FILM NUMBER:** 251383928

**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 FUNDS
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### VanEck Emerging Markets Bond ETF (Series ID: S000094755)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000263290 | VanEck Emerging Markets Bond ETF | EMBX            |

As filed with the Securities and Exchange Commission on October 9, 2025

File No. 333-288888

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-14

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

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| | | |
|:---|:---|:---|
| Pre-Effective Amendment No. | | [ ] |
| Post-Effective Amendment No. | 2 | [X] |
| (Check appropriate box or boxes) | (Check appropriate box or boxes) | (Check appropriate box or boxes) |

---

**<u>VANECK FUNDS</u>**

(Exact Name of Registrant as Specified in Charter)

**666 Third Avenue**

**<u>New York, NY 10017</u>**

(Address of Principal Executive Offices) (Number, Street, City, State, Zip Code)

**<u>212-293-2000</u>**

(Registrant's Area Code and Telephone Number)

**Jonathan R. Simon, Esq.**

**Senior Vice President and General Counsel**

**Van Eck Associates Corporation**

**666 Third Avenue, 9**<sup>th</sup> **Floor**

**<u>New York, NY 10017</u>**

(Name and Address of Agent for Service)

Copy to:

**Fabio Battaglia, Esq.**

**Stradley Ronon Stevens & Young LLP**

**2005 Market Street**

**Suite 2600**

**Philadelphia, PA 19103**

Approximate Date of Public Offering: As soon as practicable after this Registration Statement becomes effective under the Securities Act of 1933, as amended.

Title of securities being registered:

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Shares of beneficial interest, without par value, of the VanEck Emerging Markets Bond ETF, a series of the Registrant.

It is proposed that the filing will become effective immediately upon filing pursuant to Rule 485(b) under the Securities Act of 1933, as amended.

No filing fee is due because Registrant is relying on Section 24(f) of the Investment Company Act of 1940, as amended.

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**<u>EXPLANATORY NOTE</u>**

<u>[Part A](https://www.sec.gov/Archives/edgar/data/768847/000076884725000174/a20250822vaneckn-14postxef.htm)</u> and <u>[Part B](https://www.sec.gov/Archives/edgar/data/768847/000076884725000174/a20250822vaneckn-14postxef.htm#i284238cf3a374a97b172ff2453e9a8da_16)</u> of this Amendment are incorporated by reference to those filed in Post-Effective Amendment No. 1 to the Registration Statement, electronically filed pursuant to Rule 485(b) under the Securities Act of 1933, as amended, on August 22, 2025, under Accession Number 0000768847-25-000174.

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**VANECK FUNDS**

**<u>PART C</u>**

**<u>OTHER INFORMATION</u>**

**<u>Item 15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification</u>**

Reference is made to the Amended and Restated Master Trust Agreement of the Registrant, as amended, each Advisory Agreement, each Sub-Advisory Agreement (if any), the Distribution Agreement, the Custodian Agreement, and the Data Access Agreement.

The general effect of this Indemnification will be to indemnify the officers, trustees, employees and agents of the Registrant from costs and expenses arising from any action, suit or proceeding to which they may be made a party by reason of their being or having been a trustee, officer, employee or agent of the Registrant, except where such action is determined to have arisen out of the willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the trustee's, officer's, employee's or agent's office.

Reference is also made to the individual Trustee Indemnification Agreements entered into with each of the Trustees of the Registrant. The Indemnification Agreements do not supersede or replace the indemnification under the Amended and Restated Master Trust Agreement of the Registrant, as amended. The Indemnification Agreements supplement the protections under the Amended and Restated Master Trust Agreement, by clarifying the scope of certain terms of the Amended and Restated Master Trust Agreement and providing a variety of procedural benefits, including with respect to protection from modification of the indemnification, term and survival of Registrant's obligations, and procedural enhancements with respect to, among other things, advancement of expenses, determination of entitlement, indemnification for expenses incurred by a Trustee as a witness and selection of counsel.

Insofar as indemnification for liability arising under the Securities Act of 1933, as amended ("1933 Act"), may be permitted to trustees, officers and controlling persons of the Registrant pursuant to the foregoing or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission ("SEC") such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a trustee, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such trustee, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue.

**<u>Item 16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</u>**

The following exhibits are incorporated by reference to the previously filed documents indicated below, except Exhibits 4(a) and 12(a):

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| | | |
|:---|:---|:---|
| (1) | Copies of the charter of the Registrant as now in effect; | Copies of the charter of the Registrant as now in effect; |
|  | (a) | <u>[Master Trust Agreement and Amendments.](http://www.sec.gov/Archives/edgar/data/768847/000076884720000016/vefmastertrustamendedres.htm)</u> (13) |
|  | (b) | <u>[Amendment No. 36 to Amended and Restated Master Trust Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000031/vefamendno36tomta.htm)</u> (14) |
|  | (c) | <u>[Amendment No. 37 to Amended and Restated Master Trust Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000031/vefamend37mta.htm)</u> (14) |

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| | | |
|:---|:---|:---|
| | (d) | <u>[Amendment No. 38 to Amended and Restated Master Trust Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000149/vaneckfund-amendmentno38.htm)</u> (15) |
| | (e) | <u>[Amendment No. 39 to Amended and Restated Master Trust Agreement.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/vaneckfunds-amendment39t.htm)</u> (17) |
| | (f) | <u>[Amendment No. 40 to Amended and Restated Master Trust Agreement.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/vaneckfunds-amendment40t.htm)</u> (17) |
| | (g) | <u>[Amendment No. 41 to Amended and Restated Master Trust Agreement](https://www.sec.gov/Archives/edgar/data/768847/000076884725000164/vaneckfunds-maxamendment.htm)</u>. (19) |
| (2) | Copies of the existing bylaws or corresponding instruments of the Registrant; | Copies of the existing bylaws or corresponding instruments of the Registrant; |
|  | (a) | <u>[Amended and Restated By-Laws of Registrant.](http://www.sec.gov/Archives/edgar/data/768847/000093041316006600/c83603_ex99-b.htm)</u> (10) |
| (3) | Copies of any voting trust agreement affecting more than five percent of any class of equity securities of the Registrant; | Copies of any voting trust agreement affecting more than five percent of any class of equity securities of the Registrant; |
|  | Not Applicable. | Not Applicable. |
| (4) | Copies of the agreement of acquisition, reorganization, merger, liquidation and any amendments to it; | Copies of the agreement of acquisition, reorganization, merger, liquidation and any amendments to it; |
|  | (a) | <u>[Plan of Reorganization](vaneckfunds-emergingmark.htm)</u>. (22) |
| (5) | Copies of all instruments defining the rights of holders of the securities being registered including, where applicable, the relevant portion of the articles of incorporation or by-laws of the Registrant; | Copies of all instruments defining the rights of holders of the securities being registered including, where applicable, the relevant portion of the articles of incorporation or by-laws of the Registrant; |
|  | (a) | Amended and Restated Master Trust Agreement |
|  |  | Article IV – Shares |
|  |  | Article V – Shareholders' Voting Powers and Meetings |
|  |  | Article VI – Limitation of Liability; Indemnification |
|  | (b) | Amended and Restated By-Laws |
|  |  | Article 9 – Issuance of Share Certificates |
| (6) | Copies of all investment advisory contracts relating to the management of the assets of the Registrant; | Copies of all investment advisory contracts relating to the management of the assets of the Registrant; |
|  | (a) | <u>[Advisory Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  | (b) | <u>[Advisory Agreement with respect to Global Resources Fund (formerly known as Global Hard Assets Fund).](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  | (c) | <u>[Advisory Agreement with respect to Emerging Markets Fund (formerly known as Global Balanced Fund)](http://www.sec.gov/Archives/edgar/data/768847/000089843205000206/investadvisagmt.txt)</u>. (3) |

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| | | | |
|:---|:---|:---|:---|
| | (d) | (i) | <u>[Investment Advisory Agreement with respect to Emerging Markets Bond Fund (formerly known as Unconstrained Emerging Markets Bond Fund) and VanEck Morningstar Wide Moat Fund.](http://www.sec.gov/Archives/edgar/data/768847/000093041310005766/c61678_ex99-d4.htm)</u> (5) |
| | | (ii) | <u>[Revised Exhibit A, effective as of November 6, 2017, to the Investment Advisory Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041317003705/c89158_ex99d4ii.htm)</u> (11) |
| | | (iii) | <u>[Revised Exhibit A, effective as of March 19, 2021, to the Investment Advisory Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000031/exhibitatoimamarch192021.htm)</u> (14) |
| | | (iv) | <u>[Revised Exhibit A, effective as of June 23, 2021, to the Investment Advisory Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000149/exhibitatoinvestmentadviso.htm)</u> (15) |
| | (e) | (i) | <u>[Investment Advisory Agreement with respect to CM Commodity Index Fund.](http://www.sec.gov/Archives/edgar/data/768847/000093041313002346/c73527_exd-5.htm)</u> (7) |
| | | (ii) | <u>[Revised Appendix A, effective as of May 1, 2014, to the Investment Advisory Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041314002169/c77373_exd5-ii.htm)</u> (9) |
| | | (iii) | <u>[Appendix B, effective as of May 1, 2014, to the Investment Advisory Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041314002169/c77373_exd5-iii.htm)</u> (8) |
| | (f) | <u>[Investment Advisory Agreement with respect to Onchain Economy ETF](https://www.sec.gov/Archives/edgar/data/768847/000076884725000064/vaneckfunds-onchainecono.htm)</u>. (18) | <u>[Investment Advisory Agreement with respect to Onchain Economy ETF](https://www.sec.gov/Archives/edgar/data/768847/000076884725000064/vaneckfunds-onchainecono.htm)</u>. (18) |
| | (g) | <u>[Investment Advisory Agreement with respect to VanEck Emerging Markets Bond ETF.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000164/investmentadvisoryagreem.htm)</u> (19) | <u>[Investment Advisory Agreement with respect to VanEck Emerging Markets Bond ETF.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000164/investmentadvisoryagreem.htm)</u> (19) |
| (7) | Copies of each underwriting or distribution contract between the Registrant and a principal underwriter, and specimens or copies of all agreements between principal underwriters and dealers; | Copies of each underwriting or distribution contract between the Registrant and a principal underwriter, and specimens or copies of all agreements between principal underwriters and dealers; | Copies of each underwriting or distribution contract between the Registrant and a principal underwriter, and specimens or copies of all agreements between principal underwriters and dealers; |
|  | (a) | <u>[Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) | <u>[Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  |  | (i) | <u>[Letter Agreement adding Class C shares of International Investors Gold Fund to Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  |  | (ii) | <u>[Letter Agreement adding Class A and Class C shares of Global Resources Fund (formerly known as Global Hard Assets Fund) to Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  |  | (iii) | <u>[Letter Agreement adding Class A shares of Emerging Markets Fund (formerly known as Global Balanced Fund) to Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000089843205000206/securities-ltr.txt)</u> (3) |
|  |  | (iv) | <u>[Letter Agreement adding CM Commodity Index Fund to Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041310005766/c61678_ex99-e6.htm)</u> (5) |
|  |  | (v) | <u>[Letter Agreement adding Emerging Markets Bond Fund (formerly known as Unconstrained Emerging Markets Bond Fund) to Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041312002545/c69447_ex-e7.htm)</u> (6) |

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| | | | |
|:---|:---|:---|:---|
| | | (vi) | <u>[Letter Agreement adding VanEck Morningstar Wide Moat Fund to Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041317003705/c89158_ex99e9.htm)</u> (11) |
| | | (vii) | <u>[Letter Agreement to Distribution Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041319002448/c94060_ex99-e10.htm)</u> (12) |
| | (b) | <u>[Distribution Agreement relating to ETF series of VanEck Funds](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/amendedrestateddistribut.htm)</u>. (18) | <u>[Distribution Agreement relating to ETF series of VanEck Funds](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/amendedrestateddistribut.htm)</u>. (18) |
| | | (i) | <u>[Revised Exhibit A adding VanEck Emerging Markets Bond ETF.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000164/vaneckfunds-exatoetfdist.htm)</u> (19)  |
| | (c) | <u>[Form of Participant Agreement.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/formofapagreementupdated.htm)</u> (17)  | <u>[Form of Participant Agreement.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/formofapagreementupdated.htm)</u> (17)  |
| (8) | Copies of all bonus, profit sharing, pension, or other similar contracts or arrangements wholly or partly for the benefit of trustees or officers of the Registrant in their capacity as such. Furnish a reasonably detailed description of any plan that is not set forth in a formal document; | Copies of all bonus, profit sharing, pension, or other similar contracts or arrangements wholly or partly for the benefit of trustees or officers of the Registrant in their capacity as such. Furnish a reasonably detailed description of any plan that is not set forth in a formal document; | Copies of all bonus, profit sharing, pension, or other similar contracts or arrangements wholly or partly for the benefit of trustees or officers of the Registrant in their capacity as such. Furnish a reasonably detailed description of any plan that is not set forth in a formal document; |
|  | Not Applicable. | Not Applicable. | Not Applicable. |
| (9) | Copies of all custodian agreements and depository contracts under Section 17(f) of the 1940 Act for securities and similar investments of the Registrant, including the schedule of remuneration; | Copies of all custodian agreements and depository contracts under Section 17(f) of the 1940 Act for securities and similar investments of the Registrant, including the schedule of remuneration; | Copies of all custodian agreements and depository contracts under Section 17(f) of the 1940 Act for securities and similar investments of the Registrant, including the schedule of remuneration; |
|  | (a) | <u>[Custodian Agreement with respect to non-ETF series of VanEck Funds and VanEck VIP Trust.](http://www.sec.gov/Archives/edgar/data/768847/000093041301000631/0000930413-01-000631-0004.txt)</u> (2) | <u>[Custodian Agreement with respect to non-ETF series of VanEck Funds and VanEck VIP Trust.](http://www.sec.gov/Archives/edgar/data/768847/000093041301000631/0000930413-01-000631-0004.txt)</u> (2) |
|  | (b) | <u>[Custodian Agreement with respect to ETF series of VanEck Funds](https://www.sec.gov/Archives/edgar/data/1137360/000113736019000201/a20190722vvttrustcustodyacct.htm)</u>. (16) | <u>[Custodian Agreement with respect to ETF series of VanEck Funds](https://www.sec.gov/Archives/edgar/data/1137360/000113736019000201/a20190722vvttrustcustodyacct.htm)</u>. (16) |
|  |  | (i) | <u>[Joinder to Custodian Agreement with respect to ETF series of VanEck Funds.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/nodejoindertovvtcustodya.htm)</u> (17) |
| (10) | Copies of any plan entered into by Registrant pursuant to Rule 12b-1 under the 1940 Act and any agreements with any person relating to implementation of the plan, and copies of any plan entered into by Registrant pursuant to Rule 18f-3 under the 1940 Act, any agreement with any person relating to implementation of the plan, any amendment to the plan, and a copy of the portion of the minutes of the meeting of the Registrant's trustees describing any action taken to revoke the plan; | Copies of any plan entered into by Registrant pursuant to Rule 12b-1 under the 1940 Act and any agreements with any person relating to implementation of the plan, and copies of any plan entered into by Registrant pursuant to Rule 18f-3 under the 1940 Act, any agreement with any person relating to implementation of the plan, any amendment to the plan, and a copy of the portion of the minutes of the meeting of the Registrant's trustees describing any action taken to revoke the plan; | Copies of any plan entered into by Registrant pursuant to Rule 12b-1 under the 1940 Act and any agreements with any person relating to implementation of the plan, and copies of any plan entered into by Registrant pursuant to Rule 18f-3 under the 1940 Act, any agreement with any person relating to implementation of the plan, any amendment to the plan, and a copy of the portion of the minutes of the meeting of the Registrant's trustees describing any action taken to revoke the plan; |
|  | (a) | <u>[Form of Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000093041310005766/c61678_ex99-m.htm)</u> (5) | <u>[Form of Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000093041310005766/c61678_ex99-m.htm)</u> (5) |
|  | (b) | <u>[Amended Exhibit A to Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000093041313005715/c75044_ex-m2.htm)</u> (8) | <u>[Amended Exhibit A to Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000093041313005715/c75044_ex-m2.htm)</u> (8) |
|  | (c) | <u>[Amended Exhibit A to Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000031/vefexato12b-1plan03192021.htm)</u> (14) | <u>[Amended Exhibit A to Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000031/vefexato12b-1plan03192021.htm)</u> (14) |
|  | (d) | <u>[Amended Exhibit A to Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000149/vaneckfundsexatorule12b-1p.htm)</u> (15) | <u>[Amended Exhibit A to Amended and Restated Plan of Distribution pursuant to Rule 12b-1.](http://www.sec.gov/Archives/edgar/data/768847/000076884721000149/vaneckfundsexatorule12b-1p.htm)</u> (15) |
|  | (e) | <u>[Amended and Restated Multiple Class Plan pursuant to Rule 18f-3](http://www.sec.gov/Archives/edgar/data/768847/000093041317003705/c89158_ex99n.htm)</u>. (11) | <u>[Amended and Restated Multiple Class Plan pursuant to Rule 18f-3](http://www.sec.gov/Archives/edgar/data/768847/000093041317003705/c89158_ex99n.htm)</u>. (11) |
| (11) | An opinion and consent of counsel as to the legality of the securities being registered, indicating whether they will, when sold, be legally issued, fully paid and nonassessable; | An opinion and consent of counsel as to the legality of the securities being registered, indicating whether they will, when sold, be legally issued, fully paid and nonassessable; | An opinion and consent of counsel as to the legality of the securities being registered, indicating whether they will, when sold, be legally issued, fully paid and nonassessable; |

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| | | | |
|:---|:---|:---|:---|
| | (a) | <u>[Opinion and Consent of Stradley Ronon Stevens & Young, LLP, dated July 23, 2025](https://www.sec.gov/Archives/edgar/data/768847/000076884725000146/vaneckfundsvalidityofshare.htm)</u>. (20) | <u>[Opinion and Consent of Stradley Ronon Stevens & Young, LLP, dated July 23, 2025](https://www.sec.gov/Archives/edgar/data/768847/000076884725000146/vaneckfundsvalidityofshare.htm)</u>. (20) |
| (12) | An opinion, and consent to their use, of counsel or, in lieu of an opinion, a copy of the revenue ruling from the Internal Revenue Service, supporting the tax matters and consequences to shareholders discussed in the prospectus; | An opinion, and consent to their use, of counsel or, in lieu of an opinion, a copy of the revenue ruling from the Internal Revenue Service, supporting the tax matters and consequences to shareholders discussed in the prospectus; | An opinion, and consent to their use, of counsel or, in lieu of an opinion, a copy of the revenue ruling from the Internal Revenue Service, supporting the tax matters and consequences to shareholders discussed in the prospectus; |
|  | (a) | <u>[Opinion of Stradley Ronon Stevens & Young, LLP, supporting the tax matters and consequences to shareholders](taxopinionvaneck0925.htm)</u>. (22) | <u>[Opinion of Stradley Ronon Stevens & Young, LLP, supporting the tax matters and consequences to shareholders](taxopinionvaneck0925.htm)</u>. (22) |
| (13) | Copies of all material contracts of the Registrant not made in the ordinary course of business which are to be performed in whole or in part on or after the date of filing the registration statement; | Copies of all material contracts of the Registrant not made in the ordinary course of business which are to be performed in whole or in part on or after the date of filing the registration statement; | Copies of all material contracts of the Registrant not made in the ordinary course of business which are to be performed in whole or in part on or after the date of filing the registration statement; |
|  | (a) | <u>[Accounting and Administrative Services Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) | <u>[Accounting and Administrative Services Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  | (b) | <u>[Letter Agreement adding International Investors Gold Fund to Accounting and Administrative Services Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) | <u>[Letter Agreement adding International Investors Gold Fund to Accounting and Administrative Services Agreement.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  | (c) | <u>[Forms of Procedural Agreement, Customer Agreement and Safekeeping Agreement with Merrill Lynch Futures Inc. and Morgan Stanley.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) | <u>[Forms of Procedural Agreement, Customer Agreement and Safekeeping Agreement with Merrill Lynch Futures Inc. and Morgan Stanley.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  | (d) | <u>[Letter Agreement adding Emerging Markets Fund (formerly known as Global Balanced Fund) to Accounting and Administrative Services Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000089843205000206/vaneck-letter.txt)</u> (3) | <u>[Letter Agreement adding Emerging Markets Fund (formerly known as Global Balanced Fund) to Accounting and Administrative Services Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000089843205000206/vaneck-letter.txt)</u> (3) |
|  | (e) | <u>[Data Access Service Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000089843205000206/service-agmt.txt)</u> (3)  | <u>[Data Access Service Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000089843205000206/service-agmt.txt)</u> (3)  |
|  | (f) | (i) | <u>[Transfer Agency Agreement with SS&C.](http://www.sec.gov/Archives/edgar/data/768847/000089843205000206/transferagentagrmnt.txt)</u> (3) |
|  |  | (ii) | <u>[Transfer Agency Agreement with SSB, with respect to ETF series of VanEck Funds.](https://www.sec.gov/Archives/edgar/data/1137360/000113736019000201/a20190722vvttrusttransferage.htm)</u> (16) |
|  |  |  | <u>[Joinder to Transfer Agency Agreement with respect to ETF series of VanEck Funds.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/nodejoindertovvtcustodya.htm)</u> (17) |
|  | (g) | <u>[Form of Trustee Indemnification Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041307003865/c46167_ex99-h7.txt)</u> (4) | <u>[Form of Trustee Indemnification Agreement.](http://www.sec.gov/Archives/edgar/data/768847/000093041307003865/c46167_ex99-h7.txt)</u> (4) |
|  | (h) | <u>[Simplified Employee Plan.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) | <u>[Simplified Employee Plan.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
|  | (i) | <u>[Amended Retirement Plan for Self-Employed Individuals, Partnerships and Corporations Using Shares of International Investors Incorporated or the VanEck Funds.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) | <u>[Amended Retirement Plan for Self-Employed Individuals, Partnerships and Corporations Using Shares of International Investors Incorporated or the VanEck Funds.](http://www.sec.gov/Archives/edgar/data/768847/0000950130-99-001141.txt)</u> (1) |
| (14) | Copies of any opinions, appraisals, or rulings, and consents to their use, relied on in preparing the registration statement and required by Section 7 of the 1933 Act; | Copies of any opinions, appraisals, or rulings, and consents to their use, relied on in preparing the registration statement and required by Section 7 of the 1933 Act; | Copies of any opinions, appraisals, or rulings, and consents to their use, relied on in preparing the registration statement and required by Section 7 of the 1933 Act; |
|  | (a) | <u>[Consent of Independent Registered Public Accounting Firm.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000174/pwc-consentxnx14august2120.htm)</u> (21) | <u>[Consent of Independent Registered Public Accounting Firm.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000174/pwc-consentxnx14august2120.htm)</u> (21) |

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| | | |
|:---|:---|:---|
| (15) | All financial statements omitted pursuant to Item 14(a)(1): | All financial statements omitted pursuant to Item 14(a)(1): |
|  | Not Applicable. | Not Applicable. |
| (16) | Manually signed copies of any power of attorney pursuant to which the name of any person has been signed to the registration statement; | Manually signed copies of any power of attorney pursuant to which the name of any person has been signed to the registration statement; |
|  | (a) | <u>[Power of Attorney dated June 5, 2025](https://www.sec.gov/Archives/edgar/data/768847/000076884725000146/vaneckfundspowerofattorn.htm)</u>. (20) |
| (17) | Any additional exhibits which the Registrant may wish to file; | Any additional exhibits which the Registrant may wish to file; |
|  | (1) | <u>[Code of Ethics of the Registrant.](http://www.sec.gov/Archives/edgar/data/768847/000093041319002448/c94060_ex99-p1.htm)</u> (12) |
|  | (2) | <u>[Code of Ethics of Registrant's Investment Advisers and Principal Underwriter.](https://www.sec.gov/Archives/edgar/data/768847/000076884725000051/vaneckcodeofethics-2102025.htm)</u> (17) |

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(1)Incorporated by reference to Post-Effective Amendment No. 51 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on March 1, 1999.

(2)Incorporated by reference to Post-Effective Amendment No. 55 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on March 19, 2001.

(3)Incorporated by reference to Post-Effective Amendment No. 63 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed February 25, 2005.

(4)Incorporated by reference to Post-Effective Amendment No. 67 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed April 30, 2007.

(5)Incorporated by reference to Post-Effective Amendment No. 100 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed November 22, 2010.

(6)Incorporated by reference to Post-Effective Amendment No. 106 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed April 27, 2012.

(7)Incorporated by reference to Post-Effective Amendment No. 114 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed April 19, 2013.

(8)Incorporated by reference to Post-Effective Amendment No. 118 to Registrant's Registration Statement, File Nos. 02-97596 and 811-04297, filed December 6, 2013.

(9)Incorporated by reference to Post-Effective Amendment No. 122 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed April 30, 2014.

(10)Incorporated by reference to Post-Effective Amendment No. 131 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed April 25, 2016.

(11)Incorporated by reference to Post-Effective Amendment No. 153 to Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed November 3, 2017.

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(12)Incorporated by reference to Post-Effective Amendment No. 160 to the Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on September 6, 2019.

(13)Incorporated by reference to Post-Effective Amendment No. 162 to the Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on April 29, 2020.

(14)Incorporated by reference to Post-Effective Amendment No. 165 to the Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on April 28, 2021.

(15)Incorporated by reference to Post-Effective Amendment No. 173 to the Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on October 21, 2021.

(16)Incorporated by reference to Post-Effective Amendment No. 2,652 to Registration Statement of VanEck ETF Trust, File Nos. 333-123257 and 811-10325, filed on November 22, 2019.

(17)Incorporated by reference to Post-Effective Amendment No. 180 to the Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on April 16, 2025.

(18)Incorporated by reference to Post-Effective Amendment No. 181 to the Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on April 29, 2025.

(19)Incorporated by reference to Post-Effective Amendment No. 183 to the Registrant's Registration Statement, File Nos. 002-97596 and 811-04297, filed on August 20, 2025.

(20)Incorporated by reference to the Registrant's Initial Registration Statement on Form N-14, File No. 333-288888, filed on July 23, 2025.

(21)Incorporated by reference to Post-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-14, File No. 333-288888, filed on August 22, 2025.

(22)Filed herewith.

**Item 17.&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The undersigned Registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is part of this registration statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the 1933 Act, the reoffering prospectus will contain the information called for by the applicable registration form for reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The undersigned Registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them.

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**SIGNATURES**

As required by the Securities Act of 1933, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this post-effective amendment to its Registration Statement on Form N-14 under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Juan in the Commonwealth of Puerto Rico on the 9<sup>th</sup> day of October, 2025.

**VANECK FUNDS**

By: <u>/s/ Laura I. Martinez</u> 

Name: Laura I. Martinez

Title: Vice President and Assistant Secretary

As required by the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| /s/ <u>Jan F. van Eck</u>\*<br>Jan F. van Eck | Chief Executive Officer, President and Trustee | October 9, 2025 |
| /s/ <u>John J. Crimmins</u>\*<br>John J. Crimmins | Vice President, Chief Financial Officer and Principal Accounting Officer | October 9, 2025 |
| /s/ <u>Jane DiRenzo Pigott</u>\*<br>Jane DiRenzo Pigott | Trustee | October 9, 2025 |
| /s/ <u>Jayesh Bhansali\*</u><br>Jayesh Bhansali | Trustee | October 9, 2025 |
| /s/ <u>Jon Lukomnik</u>\*<br>Jon Lukomnik | Trustee | October 9, 2025 |
| /s/ <u>R. Alastair Short</u>\*<br>R. Alastair Short | Trustee | October 9, 2025 |

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\*By: <u>/s/ Laura I. Martinez</u> 

Laura I. Martinez

Attorney-In-Fact

(Pursuant to <u>[Power of Attorney](https://www.sec.gov/Archives/edgar/data/768847/000076884725000146/vaneckfundspowerofattorn.htm)</u> filed on July 23, 2025)

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| | |
|:---|:---|
| **EXHIBIT INDEX** | **EXHIBIT INDEX** |
| **<u>Exhibit No.</u>** | **<u>Exhibit</u>** |
| EX-16.4.a | Plan of Reorganization |
| EX-16.12.a | Opinion of Stradley Ronon Stevens & Young, LLP, supporting the tax matters and consequences to shareholders |

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## Exhibit 99.16

![](vaneckfunds-emergingmark001.jpg)

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![](vaneckfunds-emergingmark014.jpg)

Laura I. Martinez, Assistant Secretary of VanEck Funds Jonathan R. Simon, Senior Vice President of Van Eck Associates Corporation

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## Exhibit 99.16

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| | |
|:---|:---|
| ![picture3b.jpg](picture3b.jpg) |  |
| | 191 North Wacker Drive<br>Suite 1601<br>Chicago, IL 60606<br>T: 312.964.3500 |
| Richard E. Peterson<br>Partner<br>rpeterson@stradley.com<br>312.964.3499 | |

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October 6, 2025

Board of Trustees, VanEck Funds

666 Third Avenue

New York, NY 10017

**Re:&nbsp;&nbsp;&nbsp;&nbsp;Plan of Reorganization ("Plan") made as of June 5, 2025, by VanEck Funds (the "Trust"), a statutory trust created under the laws of the Commonwealth of Massachusetts, on behalf of two of its series, the Emerging Markets Bond Fund (the "Target Fund") and the VanEck Emerging Markets Bond ETF (the "Acquiring Fund") (together, the "Funds" and, individually, a "Fund").** 

Ladies and Gentlemen:

&nbsp;&nbsp;&nbsp;&nbsp;You have requested our opinion as to certain federal income tax consequences of the reorganization (hereinafter referred to as the "Reorganization") of the Target Fund, pursuant to which: (i) the Acquiring Fund will acquire the Assets and Liabilities of the Target Fund in exchange solely for shares (as applicable) of the Acquiring Fund of equal value to the net assets of the Target Fund being acquired, and (ii) the Target Fund will distribute such shares of the Acquiring Fund to shareholders of the corresponding class of the Target Fund, in connection with the complete liquidation of the Target Fund, all upon the terms and conditions of the Plan. Capitalized terms not otherwise defined herein shall have the meanings assigned to them in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;In rendering our opinion, we have reviewed and relied upon: (a) a copy of the executed Plan, dated as of June 5, 2025; (b) the Information Statement/Prospectus provided to shareholders of the Target Fund dated August 22, 2025; (c) certain representations concerning the Reorganization made to us by the Trust, on behalf of the Target Fund and the Acquiring Fund, in a letter dated September 25, 2025 (the "Representation Letter"); (d) all other documents, financial and other reports and corporate minutes we deemed relevant or appropriate; and (e) such statutes, regulations, rulings and decisions as we deemed material in rendering this opinion.

&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this opinion, we have assumed that the Target Fund on the Closing Date of the Reorganization satisfies, and immediately following the Closing Date of the Reorganization, the Acquiring Fund will continue to satisfy, the requirements of Subchapter M

**Stradley Ronon Stevens & Young, LLP** \| **stradley.com**

Chicago \| Los Angeles \| New York \| Philadelphia \| Washington, D.C.

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October 6, 2025

of the Internal Revenue Code of 1986, as amended (the "Code"), for qualification as regulated investment companies.

&nbsp;&nbsp;&nbsp;&nbsp;Based on the foregoing, and provided the Reorganization is carried out in accordance with the applicable laws of the Commonwealth of Massachusetts, the terms of the Plan and the statements in the Representation Letter for the Target Fund and the Acquiring Fund, it is our opinion that for federal income tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The acquisition by the Acquiring Fund of all of the assets of the Target Fund in exchange solely for the Acquiring Fund shares and the assumption by the Acquiring Fund of all of the liabilities of the Target Fund, followed by the distribution by the Target Fund to its shareholders of the Acquiring Fund shares in complete liquidation of the Target Fund, will qualify as a reorganization within the meaning of Section 368(a)(1) of the Code, and the Acquiring Fund and the Target Fund will each be a "party to the reorganization" within the meaning of Section 368(b) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.No gain or loss will be recognized by the Target Fund upon the transfer of substantially all of its assets to, and the assumption of its liabilities by, the Acquiring Fund in exchange solely for the voting shares of the Acquiring Fund pursuant to Section 361(a) and Section 357(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.No gain or loss will be recognized by the Acquiring Fund upon the receipt by it of substantially all of the assets of the Target Fund in exchange solely for the assumption of the liabilities of the Target Fund and shares of the Acquiring Fund pursuant to Section 1032(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.No gain or loss will be recognized by the Target Fund upon the distribution of the Acquiring Fund shares by the Target Fund to its shareholders in complete liquidation of the Target Fund pursuant to Section 361(c)(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The tax basis of the assets of the Target Fund received by the Acquiring Fund will be the same as the tax basis of these assets in the hands of the Target Fund immediately prior to the Reorganization under Section 362(b) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.The holding periods of the assets of the Target Fund received by the Acquiring Fund will include the periods during which such assets were held by the Target Fund pursuant to Section 1223(2) of the Code.

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October 6, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.No gain or loss will be recognized by the shareholders of the Target Fund upon the exchange of their shares in the Target Fund solely for the shares of the Acquiring Fund pursuant to Section 354(a) of the Code (except with respect to cash received by Target Fund Shareholders in redemption of fractional shares prior to the Reorganization).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.The aggregate tax basis of the Acquiring Fund shares to be received by each Target Fund shareholder of the Acquiring Fund will be the same as the aggregate tax basis of the shares of the Target Fund exchanged therefor pursuant to Section 358(a)(1) of the Code, except for fractional shares redeemed prior to the Reorganization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.The holding period of the Acquiring Fund shares to be received by each Target Fund shareholder will include the holding period of the Target Fund shares surrendered in exchange therefor, provided that the shareholder held the Target Fund shares as a capital asset on the effective date of the Reorganization pursuant to Section 1223(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.The Acquiring Fund will succeed to and take into account as of the date of the transfer (as defined in Section 1.381(b)-1(b) of the Treasury Regulations) the items of the Target Fund described in Section 381(c) of the Code, subject to the conditions and limitations specified in Sections 381, 382, 383 and 384 of the Code and the Treasury Regulations thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary herein, we express no opinion as to the effect of the Reorganization on: (i) the Target Fund or the Acquiring Fund with respect to any asset as to which any unrealized gain or loss is required to be recognized for federal income tax purposes at the end of a taxable year (or on the termination or transfer thereof) under a mark-to-market system of accounting; and (ii) any Target Fund shareholder that is required to recognize unrealized gains and losses for federal income tax purposes under a mark-to-market system of accounting.

&nbsp;&nbsp;&nbsp;&nbsp;Our opinion is based upon the Code, the applicable Treasury Regulations, the present positions of the Internal Revenue Service (the "Service") as are set forth in published revenue rulings and revenue procedures, present administrative positions of the Service, and existing judicial decisions, all of which are subject to change either prospectively or retroactively. We do not undertake to make any continuing analysis of the facts or relevant law following the date of the Reorganization.

&nbsp;&nbsp;&nbsp;&nbsp;Our opinion is conditioned upon the performance by the Trust, on behalf of the Target Fund and the Acquiring Fund, of the undertakings in the Plan and the Representation Letter. Except as expressly set forth above, we express no other opinion to any party as to the tax

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October 6, 2025

consequences, whether federal, state, local or foreign, with respect to (i) the Reorganization or any transaction related to or contemplated by such Reorganization (or incident thereto) or (ii) the effect, if any, of the Reorganization on any other transaction and/or the effect, if any, of any such other transaction on the Reorganization.

&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the use of this opinion as an exhibit to the registration statement of the Acquiring Fund on Form N-14, and any amendments thereto, covering the registration of Acquiring Fund Shares under the Securities Act of 1933, as amended, to be issued in the Reorganization.

Very truly yours,

STRADLEY RONON STEVENS & YOUNG, LLP

![imagesrsya.jpg](imagesrsya.jpg)

<br>