M&A - VanEck Funds

Form Type: 497

Filing Date: 2025-06-06

Corporate Action: Merger

Type: Update

Accession Number: 000076884725000122

Filing Summary: On June 6, 2025, VanEck Funds issued a supplement regarding the conversion of the Emerging Markets Bond Fund into an exchange-traded fund (ETF), which is scheduled to occur in October 2025. The Board of Trustees approved the conversion, stating it benefits existing shareholders without dilution of their interests. Shareholders' Fund shares will be converted into shares of the new VanEck Emerging Markets Bond ETF. The reorganization is anticipated to close on October 3, 2025, and is set up as a tax-free event according to U.S. Internal Revenue Code. Shareholders must hold their shares in accounts that can accommodate ETF shares to partake in the conversion, or else their shares will be liquidated with a cash distribution. The document also outlines the advantages of this conversion and reassures that the ETF will be managed similarly to the current mutual fund with minimal changes.

Form Type: 497K

Filing Date: 2025-06-06

Corporate Action: Merger

Type: Update

Accession Number: 000076884725000123

Filing Summary: On June 6, 2025, VanEck Funds announced the conversion of the Emerging Markets Bond Fund from a mutual fund to an exchange-traded fund (ETF), known as the VanEck Emerging Markets Bond ETF. This decision was approved by the Board of Trustees on June 5, 2025, as part of a reorganization plan to enhance benefits for investors, such as lower expenses and increased trading flexibility. Existing shareholders will have their shares automatically converted to ETF shares if their accounts can hold ETFs. If not, they need to take specific actions to avoid liquidation. The reorganization is expected to close on October 3, 2025, and will be a tax-free event under U.S. tax laws. Shareholders will receive shares of the new ETF and a cash payment for any fractional shares. Important considerations and guidance for shareholders holding their investments were provided, along with instructions for transferring to eligible accounts if needed.

Form Type: 497

Filing Date: 2025-03-14

Corporate Action: Merger

Type: Update

Accession Number: 000076884725000024

Filing Summary: On March 13, 2025, the Board of Trustees of VanEck Funds approved a conversion plan for the Class C shares of the Emerging Markets Fund and Global Resources Fund. This plan involves converting all Class C shares into Class A shares at their net asset value, effectively terminating the Class C shares. This conversion will occur on or about April 30, 2025, and will be tax-free for federal income tax purposes, meaning no taxable gain or loss for the shareholders. The conversion aims to benefit Class C shareholders by providing lower fees and eliminating a contingent deferred redemption charge. Following the conversion, Class C shares will be closed to new investors as of March 21, 2025, but current shareholders may still reinvest dividends and capital gains until the last business day prior to the termination. Additionally, as of May 1, 2025, all references to Class C shares will be removed from the relevant prospectus documents.