M&A - VanEck Funds

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.

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