EX-99.(J)(1) 3 vaneckfundsvalidityofshare.htm EXHIBIT 99.(J)(1) Exhibit
vaneckfundsvalidityof_image1.jpgStradley Ronon Stevens & Young, LLP
2000 K Street, N.W., Suite 700
Washington, D.C. 20006
Telephone 202-822-9611
Fax 202-822-0140




vaneckvipvalidityofsh_image1.jpg                      Stradley Ronon Stevens & Young, LLP
2000 K Street, N.W., Suite 700
Washington, D.C. 20006
Telephone 202-822-9611
Fax 202-822-0140
www.stradley.com
April 28, 2020


VanEck Funds
666 Third Avenue
New York, NY 10017

Re:     Post-Effective Amendment No. 162 to the
Registration Statement of VanEck Funds    

Ladies and Gentlemen:
We have acted as counsel to VanEck Funds, a Massachusetts business trust (the “Trust”), in connection with the issuance and sale by the Trust of its shares of beneficial interest, no par value (the “Shares”), of each series of the Trust (each a “Fund”) listed on Appendix A.
This opinion is furnished in accordance with the requirements of Item 28(i) of Form N‑1A under the Investment Company Act of 1940 (the “Investment Company Act”) and the Securities Act of 1933 (the “Securities Act”).
We have examined the Trust’s Master Trust Agreement, certain resolutions adopted by the Trust’s Board of Trustees relating to the creation, authorization, issuance and sale of the Shares, and a Certificate of Good Standing dated April 17, 2020 from the Secretary of the Commonwealth of Massachusetts.
We have also examined the Registration Statement on Form N-1A to be filed by the Trust, on behalf of the Funds, under the Investment Company Act and the Securities Act (the “Registration Statement”), as well as other items we deem material to this opinion.
In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified, conformed or photostatic copies and the authenticity of the originals of such copies. As to any facts material to the opinion expressed herein that we did not independently establish or

Philadelphia, PA l Malvern, PA l Harrisburg, PA l Wilmington, DE l Cherry Hill, NJ l Washington, DC
A Pennsylvania Limited Liability Partnership
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verify, we have relied upon statements and representations of officers and other representatives of the Trust and others.
This opinion is based exclusively on the provisions of the law of the Commonwealth of Massachusetts governing the issuance of the Shares of the Fund and the reported case law thereunder, and does not extend to the securities or “blue sky” laws of the Commonwealth of Massachusetts or other States.
We have assumed the following for purposes of this opinion:
1.    The Shares will be issued in accordance with the Trust’s Amended and Restated Master Trust Agreement and resolutions of the Trust’s Board of Trustees relating to the creation, authorization, issuance and sale of the Shares.
2.    The Shares will be issued against payment therefor as described in the Prospectus and the Statement of Additional Information relating thereto included in the Registration Statement.
Based upon and subject to the foregoing, we are of the opinion that the Shares will, when sold in accordance with the Registration Statement, be validly issued, fully paid and non‑assessable.
We hereby consent to the use of this opinion as an exhibit to the Registration Statement of the Trust, and we further consent to any reference in the Registration Statement of the Trust to the fact that this opinion concerning the legality of the issue has been rendered by us.

Very truly yours,
STRADLEY, RONON, STEVENS & YOUNG, LLP


BY:    /s/ Cillian Lynch            
Cillian Lynch, a Partner






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APPENDIX A

VanEck NDR Managed Allocation Fund
VanEck Emerging Markets Bond Fund
VanEck CM Commodity Index Fund
VanEck Emerging Markets Fund
VanEck Global Hard Assets Fund
VanEck International Investors Gold Fund
VanEck Morningstar Wide Moat Fund


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