# EDGAR Filing Document

**Accession Number:** 0000768847
**File Stem:** 0001410368-25-028348
**Filing Date:** 2025-11
**Character Count:** 17268
**Document Hash:** 038a3a99c744b882e7bc83339a25eae1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-028348.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-028348

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04297
- **FILM NUMBER:** 251507702

**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

### CM Commodity Index Fund (Series ID: S000029608)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000090895 | Class A      | CMCAX           |
| C000090897 | Class I      | COMIX           |
| C000090898 | Class Y      | CMCYX           |

## Nport-Ex

VANECK

CM

COMMODITY

INDEX

FUND

SCHEDULE

OF

INVESTMENTS

September

30,

2025

(unaudited)

#### FootnoteRuleAboveBlank

#### Footnotes:

#### Par

#### (000's)

#### Value

#### Short-Term

#### Investments:

#### 98.8%

#### United

#### States

#### Treasury

#### Obligations

#### :

#### 96.7%
United

States

Treasury

Bills (y)

3.76%,

03/19/26

#

$

40,000

$

39,300,152

3.77%,

03/12/26

#

5,000

4,916,001

3.77%,

03/26/26

#

35,000

34,363,424

3.90%,

03/05/26

10,000

9,839,360

4.00%,

02/19/26

20,000

19,708,164

4.06%,

10/09/25

#

10,000

9,991,112

4.07%,

12/04/25

#

35,000

34,757,776

4.13%,

11/06/25

30,000

29,877,750

4.15%,

01/02/26

†

20,000

19,801,148

4.17%,

11/13/25

†

25,000

24,877,121

4.17%,

12/26/25

40,000

39,632,380

4.18%,

01/15/26

35,000

34,610,553

4.18%,

01/22/26

#

†

25,000

24,702,656

4.18%,

01/29/26

45,000

44,433,525

4.20%,

11/20/25

40,000

39,769,889

4.21%,

12/18/25

40,000

39,665,787

4.23%,

11/28/25

#

55,000

54,630,713

4.27%,

10/02/25

#

20,000

19,997,736

#### Par

#### (000's)

#### Value

#### United

#### States

#### Treasury

#### Obligations
(continued)

4.29%,

10/16/25

$

40,000

$

39,930,667

564,805,914

#### Number

#### of

#### Shares

#### Value

#### Money

#### Market

#### Fund:

#### 2.1%
Invesco

Treasury

Portfolio

-

Institutional

Class

3.99%(a)

12,473,941

12,473,941

#### Total

#### Investments

#### Before

#### Collateral

#### for

#### Securities

#### Loaned:

#### 98.8%

#### (Cost:

#### $577,076,173)
577,279,855

#### Number

#### of

#### Shares

#### Value

#### SHORT-TERM

#### INVESTMENT

#### HELD

#### AS

#### COLLATERAL

#### FOR

#### SECURITIES

#### ON

#### LOAN:

#### 0.0%

#### Money

#### Market

#### Fund:

#### 0.0%

#### (Cost:

#### $43)
State

Street

Navigator

Securities

Lending

Government

Money

Market

Portfolio

4.18%(b)

#### Total

#### Short-Term

#### Investments:

#### 98.8%
(Cost:

$577,076,216)

577,279,898

#### Other

#### assets

#### less

#### liabilities:

#### 1.2%
6,934,124

#### NET

#### ASSETS:

#### 100.0%
$

584,214,022

#### Total

#### Return

#### Swap

#### Contracts

#### Long

#### Exposure

#### Reference

#### Obligation

#### Notional

#### Amount

#### Counterparty

#### Rate

#### paid

#### by

#### the

#### Fund

#### Payment

#### Frequency

#### Termination

#### Date

#### Unrealized

#### Appreciation/
(Depreciation)

#### %

#### of

#### Net

#### Assets
UBS

Constant

Maturity

Commodity

Index

Total

Return

$585,047,000

UBS

4.56%(x)

Monthly

10/30/25

$(2,566,712)

0.4%

#

All

or

a

portion

of

these

securities

are

segregated

for

swap

collateral.

Total

value

of

securities

segregated

is

$94,171,668.

†

Security

fully

or

partially

on

loan.

Total

market

value

of

securities

on

loan

is

$51,822,097.

(a) Rate

shown

is

the

7-day

yield

as

of

09/30/25.

(b) Rate

shown

is

the

1-day

yield

as

of

09/30/25.

(x) The

rate

shown

reflects

the

rate

in

effect

at

September

30,

2025:

Secured

Overnight

Financing

Rate

+

0.40%.

(y) Rate

shown

is

the

calculated

yield

to

maturity

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VanEck Funds

- **b. Investment Company Act file number:** 811-04297

- **c. CIK number of Registrant:** 0000768847

- **d. LEI of Registrant:** 549300GEIRRGSDOHI251

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 666 THIRD AVENUE, 9TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 212-293-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** CM Commodity Index Fund

- **b. EDGAR series identifier (if any):** S000029608

- **c. LEI of Series:** 549300PTUKSPWZ66DV80

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $588052405.42

**Total Liabilities:** $3909178.44

**Net Assets:** $584143226.98

**Amount of Assets Invested in Other Investment Companies:** $140448739.58

**Cash Not Reported:** $9438880.87

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000090897 | 0.66%                | 1.32%                | 0.50%                |
| Class ID C000090895 | 0.64%                | 1.30%                | 0.48%                |
| Class ID C000090898 | 0.65%                | 1.33%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-43675.90                                 |
| Month 2  | $0.00                    | $288316.98                                 |
| Month 3  | $0.00                    | $-15560.05                                 |

**Designated Index Information**

- **Index Name:** UBS CMCI Composite USD Total Return

- **Index Identifier:** CMCITR

### Schedule of Portfolio Investments

| Name                       | Title                                                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797RA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  20000000 | PA      | $19801148.00  | 3.39%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797RK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  15000000 | PA      | $14811175.05  | 2.54%             | 2026-01-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797RV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10000000 | PA      | $9839359.70   | 1.68%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39665787.20  | 6.79%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39632380.00  | 6.78%             | 2025-12-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797RK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  30000000 | PA      | $29622350.10  | 5.07%             | 2026-01-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797SB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4916000.75   | 0.84%             | 2026-03-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  20000000 | PA      | $19708164.20  | 3.37%             | 2026-02-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10000000 | PA      | $9991112.20   | 1.71%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797SC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  35000000 | PA      | $34363423.85  | 5.88%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  30000000 | PA      | $29877750.00  | 5.11%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24702655.75  | 4.23%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  55000000 | PA      | $54630712.95  | 9.35%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39769888.80  | 6.81%             | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Invesco Treasury Portfolio | Invesco Treasury Portfolio                                                                                  | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | EC               | RF                | US        |  12473941 | NS      | $12473940.77  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  35000000 | PA      | $34610552.90  | 5.93%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39930666.80  | 6.84%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24877121.50  | 4.26%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39300152.40  | 6.73%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  20000000 | PA      | $19997735.80  | 3.42%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS Securities LLC         | Long: SL912V9Q  TRS USD R E CMCITR INDEX MAT 20251029 / Short: SL912V9Q  TRS USD P V 00MSOFR OFR + 40.00BPS | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DCO              |  | US        | 585047000 | OU      | $-2566712.01  | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury     | U.S. Treasury Bills                                                                                         | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  35000000 | PA      | $34757776.55  | 5.95%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** VanEck Funds

**Signature:** James Parker

**Name of Signer:** James Parker

**Title:** Assistant Treasurer