Definitive Materials Filed by Investment Companies. (497)
December 31 2012 - 9:14AM
Edgar (US Regulatory)
Van Eck Funds
Supplement dated December 31, 2012 (“Supplement”)
to the Statement of Additional Information (“SAI”) dated May 1, 2012,
as supplemented
on June 11, 2012, July 30, 2012 and November 2, 2012
This Supplement
updates certain information contained in the above-dated SAI for Van Eck Funds (the “Trust”) regarding the Van Eck
Multi-Manager Alternatives Fund (“Fund”), a series of the Trust. You may obtain copies of the Trust’s SAI free
of charge, upon request, by calling toll-free 1.800.826.1115 or by visiting the Van Eck website at www.vaneck.com.
Effective immediately, in the section
entitled “Futures, Warrants and Subscription Rights” of the SAI, the third paragraph is deleted and replaced with the
following:
The Trust, on behalf of the Fund,
previously filed with the National Futures Association a notice of eligibility claiming an exclusion from the definition of the
term “commodity pool operator” (“CPO”) under the Commodity Exchange Act of 1936, as amended (“CEA”).
In response to recent regulatory changes by the Commodity Futures Trading Commission (“CFTC”), the Fund also recently
claimed a temporary exemption from the definition of the term “commodity pool operator” under the CEA, and therefore,
currently continues to not be subject to registration or regulation as a commodity pool under the CEA. When the temporary exemption
expires, to the extent the Fund is not otherwise eligible to claim an exclusion from CFTC regulation, the Fund may determine to
operate subject to CFTC regulation and may incur additional expenses.
PLEASE RETAIN THIS SUPPLEMENT FOR
YOUR FUTURE REFERENCE