0000930413-17-001947.txt : 20170502 0000930413-17-001947.hdr.sgml : 20170502 20170502101141 ACCESSION NUMBER: 0000930413-17-001947 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 34 FILED AS OF DATE: 20170502 DATE AS OF CHANGE: 20170502 EFFECTIVENESS DATE: 20170502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VanEck Funds CENTRAL INDEX KEY: 0000768847 IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-97596 FILM NUMBER: 17803305 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 0000768847 S000009198 Emerging Markets Fund C000024992 Class A GBFAX C000024993 Class C EMRCX C000033045 Class I EMRIX C000088110 Class Y EMRYX 0000768847 S000009199 International Investors Gold Fund C000024994 Class A INIVX C000024995 Class C IIGCX C000033046 Class I INIIX C000088111 Class Y INIYX 0000768847 S000009200 Global Hard Assets Fund C000024996 Class A GHAAX C000024997 Class C GHACX C000033047 Class I GHAIX C000088112 Class Y GHAYX 0000768847 S000029608 CM Commodity Index Fund C000090895 Class A CMCAX C000090897 Class I COMIX C000090898 Class Y CMCYX 0000768847 S000037153 Unconstrained Emerging Markets Bond Fund C000114413 Class A EMBAX C000117962 Class C EMBCX C000117963 Class I EMBUX C000117964 Class Y EMBYX 0000768847 S000043105 Long/Short Equity Index Fund C000133413 Class A LSNAX C000133414 Class I LSNIX C000133415 Class Y LSNYX 0000768847 S000053755 VanEck NDR Managed Allocation Fund C000168968 Class A NDRMX C000168969 Class I NDRUX C000168970 Class Y NDRYX 497 1 c87809_497.htm Untitled Document

 

Stradley Ronon Stevens & Young, LLP
1250 Connecticut Avenue, N.W., Suite 500
Washington, DC 20036
Telephone 202.822.9611
Fax 202.822.0140
www.stradley.com

   

 

Cillian M. Lynch, Esq.

202.419.8416

clynch@stradley.com

1933 Act Rule 497(c)

1933 Act File No. 002-97596

1940 Act File No. 811-04297

 

 

May 2, 2017

 

VIA EDGAR

 

Filing Desk

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

 

 

 

Re:

VanEck Funds (the “Registrant”)
File Nos. 002-97596 and 811-04297
Rule 497(c) filing

 

Ladies and Gentlemen:

 

Enclosed for filing pursuant to Rule 497(c) under the Securities Act of 1933, as amended (the “1933 Act”), are exhibits containing interactive data format risk/return summary information that reflects the risk/return summary information in the prospectuses dated April 10, 2017 (as revised April 11, 2017), relating to the Emerging Markets Fund, Global Hard Assets Fund, International Investors Gold Fund, Unconstrained Emerging Markets Bond Fund, CM Commodity Index Fund, Long/Short Equity Index Fund and VanEck NDR Managed Allocation Fund, each a series of the Registrant, as filed with the U.S. Securities and Exchange Commission via the EDGAR system on April 11, 2017 (SEC Accession No. 0000930413-17-001537).

 

Please direct questions or comments relating to this filing to me at the above-referenced telephone number.

 

Very truly yours,

 

 

/s/Cillian M. Lynch

Cillian M. Lynch, Esq.

 

 

 

A Pennsylvania Limited Liability Partnership

 
 

 

 

 


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contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.60% for Class A, 2.50% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation. After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. On April 1, 2017, the MSCI Emerging Markets Investable Markets Index (the "MSCI EM IMI") replaced the MSCI Emerging Markets Index as the Fund's broad-based benchmark index. The Fund changed indexes as it believes the MSCI EM IMI is more representative of the emerging markets all capitalization universe. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.38% for Class A, 2.20% for Class C, 0.95% for Class I, and 1.13% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation. Fee Waivers and Expense Reimbursements of Class I have been restated to reflect current expense limitations. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.45% for Class A, 2.20% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.25% for Class A, 1.95% for Class C, 0.95% for Class I, and 1.00% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after-tax returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. Van Eck Absolute Return Advisers Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation. Other Expenses have been restated to reflect current fees. Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.15% for Class A, 0.85% for Class I, and 0.90% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation. VanEck Funds 497 false 0000768847 2016-12-31 2017-04-11 2017-04-11 2017-04-11 Emerging Markets Fund FUND FEES AND EXPENSES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Information&#8212;Sales Charges&#8221; section on page 32 of this prospectus, in the &#8220;Availability of Discounts&#8221; section on page 50 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled &#8220;Intermediary Sales Charge Discounts and Waivers&#8221;.</font></p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0075 0.0075 0.0075 0.0075 0.0025 0.0100 0.0000 0.0000 0.0053 0.0057 0.0041 0.0046 0.0153 0.0232 0.0116 0.0121 0.0000 0.0000 -0.0016 -0.0011 0.0153 0.0232 0.0100 0.0110 ~ http://vaneck.com/20170411/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact cik0000768847_S000009198Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact cik0000768847_S000009198Member row primary compact * ~ A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level. 25000 25000 Shareholder Fees (fees paid directly from your investment) 2018-05-01 You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Expense Example <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under &#8220;Annual Fund Operating Expenses&#8221;. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:</font></p> 722 722 1031 1031 1361 1361 2294 2294 335 724 1240 2656 235 724 1240 2656 102 102 353 353 623 623 1395 1395 112 112 373 373 654 654 1456 1456 ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact cik0000768847_S000009198Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleNoRedemptionTransposed20004 column dei_LegalEntityAxis compact cik0000768847_S000009198Member row primary compact * ~ Held Sold PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries that the Fund will invest in based on the Adviser&#8217;s evaluation of economic fundamentals, legal structure, political developments and other specific factors the Adviser believes to be relevant.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Utilizing qualitative and quantitative measures, the Fund&#8217;s portfolio manager seeks to invest in reasonably-priced companies that have strong structural growth potential. The portfolio manager seeks attractive investment opportunities in all areas of emerging markets, and utilizes a flexible investment approach across all market capitalizations.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund&#8217;s holdings may include issues denominated in currencies of emerging market countries, investment companies (like country funds) that invest in emerging market countries, and American Depositary Receipts, and similar types of investments, representing emerging market securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (&#8220;ETFs&#8221;). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.</font></p> PRINCIPAL RISKS <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">There is no assurance that the Fund will achieve its investment objective. The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Chinese Issuers. </b>Investing in securities of Chinese companies involves certain risks and considerations not typically associated with investing in securities of U.S. issuers, including, among others, (i) more frequent (and potentially widespread) trading suspensions and government interventions with respect to Chinese issuers, resulting in lack of liquidity and in price volatility, (ii) currency revaluations and other currency exchange rate fluctuations or blockage, (iii) the nature and extent of intervention by the Chinese government in the Chinese securities markets, whether such intervention will continue and the impact of such intervention or its discontinuation, (iv) the risk of nationalization or expropriation of assets, (v) the risk that the Chinese government may decide not to continue to support economic reform programs, (vi) limitations on the use of brokers, (vii) higher rates of inflation, (viii) greater political, economic and social uncertainty, (ix) market volatility caused by any potential regional or territorial conflicts or natural disasters and (x) the risk of increased trade tariffs, embargoes and other trade limitations.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Direct Investments.</b> Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Emerging Market Securities.</b> Emerging market securities typically present even greater exposure to the risks described under &#8220;Foreign Securities&#8221; and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Foreign Currency Transactions.</b> An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. These fluctuations can make the return on an investment go up or down, entirely apart from the quality or performance of the investment itself.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Foreign Securities.</b> Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.</font></p> <br/><p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; "><b>Investments in Other Investment Companies.</b> The Fund&#8217;s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company&#8217;s fees and expenses, which are in addition to the Fund&#8217;s own fees and expenses.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Investments through Stock Connect. </b>The Fund&#8217;s investments in Chinese A-shares through Stock Connect will be subject to investment quotas and trading restrictions which may pose risks to the Fund. In addition, uncertainty in the People&#8217;s Republic of China (&#8220;PRC&#8221;) tax rules may result in unexpected tax liabilities for the Fund.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Management.</b> Investment decisions made by the Adviser in seeking to achieve the Fund&#8217;s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund&#8217;s shares to lose value or underperform other funds with similar investment objectives.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Market.</b> Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Operational.</b> The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Sectors. </b>The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. 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INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Emerging Markets Fund seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.</font></p> PERFORMANCE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance. For instance, the MSCI Emerging Markets Investable Markets Index is an all market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Russia, Poland, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund&#8217;s Class&#160;A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.</font></p> CLASS A: Annual Total Returns (%) as of 12/31 0.3566 -0.6812 1.2037 0.2817 -0.2658 0.3044 0.1131 -0.0070 -0.1291 -0.0043 ~ http://vaneck.com/20170411/role/ScheduleAnnualTotalReturnsBarChart20005 column dei_LegalEntityAxis compact cik0000768847_S000009198Member column rr_ProspectusShareClassAxis compact cik0000768847_C000024992Member row primary compact * ~ Best Quarter: 0.5906 2009-06-30 Worst Quarter: -0.3859 2008-12-31 <table cellpadding="0" cellspacing="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%;"> <tr valign="top"> <td style="width:14.29%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:7.14%; text-align: right;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:73.81%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Best Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> +59.06%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 2Q &#8217;09</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Worst Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> -38.59%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 4Q &#8217;08</font></p></td> </tr> </table> -0.0618 0.0333 0.0055 -0.0621 0.0330 0.0019 -0.0348 0.0258 0.0044 -0.0226 0.0367 0.0036 0.0005 0.0507 -0.0153 -0.0003 0.0487 0.0187 0.1030 0.0190 0.0240 0.1160 0.0164 0.0217 2010-04-30 2003-10-03 2007-12-31 1993-12-20 ~ http://vaneck.com/20170411/role/ScheduleAverageAnnualReturnsTransposed20006 column dei_LegalEntityAxis compact cik0000768847_S000009198Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ Average Annual Total Returns as of 12/31/16 (reflects no deduction for fees, expenses or taxes) The annual returns in the bar chart are for the Fund&#8217;s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance. After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. vaneck.com On April 1, 2017, the MSCI Emerging Markets Investable Markets Index (the &#8220;MSCI EM IMI&#8221;) replaced the MSCI Emerging Markets Index as the Fund&#8217;s broad-based benchmark index. The Fund changed indexes as it believes the MSCI EM IMI is more representative of the emerging markets all capitalization universe. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. PORTFOLIO TURNOVER <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. 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Shareholder Fees (fees paid directly from your investment) 2018-05-01 You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Expense Example <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under &#8220;Annual Fund Operating Expenses&#8221;. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:</font></p> 707 707 1011 1011 1336 1336 2253 2253 318 673 1154 2483 218 673 1154 2483 97 97 324 324 570 570 1274 1274 115 115 372 372 649 649 1438 1438 ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleTransposed20011 column dei_LegalEntityAxis compact cik0000768847_S000009200Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleNoRedemptionTransposed20012 column dei_LegalEntityAxis compact cik0000768847_S000009200Member row primary compact * ~ Held Sold PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Under normal conditions, the Fund invests at least 80% of its net assets in securities of hard assets companies and instruments that derive their value from hard assets. Hard assets include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A hard assets company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to hard assets. The Fund concentrates its investments in the securities of hard assets companies and instruments that derive their value from hard assets.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may invest without limitation in any one hard assets sector and is not required to invest any portion of its assets in any one hard assets sector. The Fund may invest in securities of companies located anywhere in the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, and may invest any amount of its assets in emerging markets. The Fund may invest in securities of companies of any capitalization range. Utilizing qualitative and quantitative measures, the Fund&#8217;s investment management team selects equity securities of companies that it believes represent value opportunities and/or that have growth potential. Candidates for the Fund&#8217;s portfolio are evaluated based on their relative desirability using a wide range of criteria and are regularly reviewed to ensure that they continue to offer absolute and relative desirability.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may use derivative instruments, such as structured notes, warrants, currency forwards, futures contracts, options and swap agreements, to gain or hedge exposure to hard assets, hard assets companies and other assets. The Fund may enter into foreign currency transactions to attempt to moderate the effect of currency fluctuations. The Fund may write covered call options on portfolio securities to the extent that the value of all securities with respect to which covered calls are written does not exceed 10% of the Fund&#8217;s net asset value. The Fund may also invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (&#8220;ETFs&#8221;). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.</font></p> PRINCIPAL RISKS <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">There is no assurance that the Fund will achieve its investment objective. The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Canadian Issuers. </b>The Canadian economy is very dependent on the demand for, and supply and price of, natural resources. The Canadian market is relatively concentrated in issuers involved in the production and distribution of natural resources. There is a risk that any changes in natural resources sectors could have an adverse impact on the Canadian economy. The Canadian economy is dependent on and may be significantly affected by the U.S. economy, given that the United States is Canada&#8217;s largest trading partner and foreign investor. Reduction in spending on Canadian products and services or changes in the U.S. economy may adversely impact the Canadian economy.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives.</b> Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives Tax Risk.</b> The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund&#8217;s use of such derivative instruments.</font></p> <br/><p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; "><b>Derivatives.</b> The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund&#8217;s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Direct Investments.</b> Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. 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Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Hard Assets Sectors.</b> The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the hard assets sectors (such as the energy and metals sectors). Precious metals and natural resources securities are at times volatile and there may be sharp fluctuations in prices, even during periods of rising prices.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Investments in Other Investment Companies.</b> The Fund&#8217;s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. 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In general, equity securities tend to have greater price volatility than debt securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Operational.</b> The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Small- and Medium-Capitalization Companies.</b> Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. 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INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Global Hard Assets Fund seeks long-term capital appreciation by investing primarily in hard asset securities.</font></p> <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Income is a secondary consideration.</font></p> PERFORMANCE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the S&amp;P</font><font style="font-size:2.3mm; "><sup><font style="font-family:Arial, Helvetica, sans-serif;">&#174;</font></sup></font><font style="font-family:sans-serif; font-size:3.5mm; "> North American Natural Resources Sector Index represents U.S. traded securities that are classified under the GICS</font><font style="font-size:2.3mm; "><sup><font style="font-family:Times, serif;">&#174;</font></sup></font><font style="font-family:sans-serif; font-size:3.5mm; "> energy and materials sector excluding the chemicals industry and steel sub-industry. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund&#8217;s Class&#160;A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.</font></p> <br/><p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; ">Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.</font></p> CLASS A: Annual Total Returns (%) as of 12/31 0.4262 -0.4468 0.5246 0.2843 -0.1663 0.0249 0.1074 -0.1941 -0.3342 0.4317 ~ http://vaneck.com/20170411/role/ScheduleAnnualTotalReturnsBarChart20013 column dei_LegalEntityAxis compact cik0000768847_S000009200Member column rr_ProspectusShareClassAxis compact cik0000768847_C000024996Member row primary compact * ~ Best Quarter: 0.2342 2010-12-31 Worst Quarter: -0.3578 2008-09-30 <table cellpadding="0" cellspacing="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%;"> <tr valign="top"> <td style="width:14.29%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:7.14%; text-align: right;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:73.81%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Best Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> +23.42%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 4Q &#8217;10</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Worst Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> -35.78%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 3Q &#8217;08</font></p></td> </tr> </table> 0.3495 -0.0385 0.0057 0.3494 -0.0393 0.0026 0.1979 -0.0284 0.0053 0.4108 -0.0349 0.0037 0.4373 -0.0234 0.0156 0.4355 -0.0247 -0.0176 0.3087 0.0126 0.0264 0.0849 0.0996 0.0412 1994-11-02 2006-05-01 1994-11-02 2010-04-30 ~ http://vaneck.com/20170411/role/ScheduleAverageAnnualReturnsTransposed20014 column dei_LegalEntityAxis compact cik0000768847_S000009200Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ Average Annual Total Returns as of 12/31/16 (reflects no deduction for fees, expenses, or taxes) The annual returns in the bar chart are for the Fund&#8217;s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. vaneck.com The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. PORTFOLIO TURNOVER <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 36% of the average value of its portfolio.</font></p> 0.36 International Investors Gold Fund FUND FEES AND EXPENSES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Information&#8212;Sales Charges&#8221; section on page&#160;32 of this prospectus, in the &#8220;Availability of Discounts&#8221; section on page&#160;50 of the Fund&#8217;s SAI and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled &#8220;Intermediary Sales Charge Discounts and Waivers.&#8221;</font></p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0071 0.0071 0.0071 0.0071 0.0025 0.0100 0.0000 0.0000 0.0039 0.0039 0.0030 0.0040 0.0135 0.0210 0.0101 0.0111 0.0000 0.0000 -0.0001 -0.0001 0.0135 0.0210 0.0100 0.0110 ~ http://vaneck.com/20170411/role/ScheduleShareholderFees20017 column dei_LegalEntityAxis compact cik0000768847_S000009199Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleAnnualFundOperatingExpenses20018 column dei_LegalEntityAxis compact cik0000768847_S000009199Member row primary compact * ~ A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level. 25000 25000 Shareholder Fees (fees paid directly from your investment) 2018-05-01 You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Expense Example <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under &#8220;Annual Fund Operating Expenses&#8221;. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:</font></p> 705 705 978 978 1272 1272 2105 2105 313 658 1129 2431 213 658 1129 2431 102 102 321 321 557 557 1235 1235 112 112 352 352 611 611 1351 1351 ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleTransposed20019 column dei_LegalEntityAxis compact cik0000768847_S000009199Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleNoRedemptionTransposed20020 column dei_LegalEntityAxis compact cik0000768847_S000009199Member row primary compact * ~ Held Sold PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion. A company principally engaged in gold-related activities is one that derives at least 50% of its revenues from gold-related activities, including the exploration, mining or processing of or dealing in gold. The Fund concentrates its investments in the gold-mining industry and therefore invests 25% or more of its total assets in such industry. The Fund is considered to be &#8220;non-diversified&#8221; which means that it may invest a larger portion of its assets in a single issuer.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund invests in securities of companies with economic ties to countries throughout the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, which may include emerging market countries. The Fund may invest in non-U.S. dollar denominated securities, which are subject to fluctuations in currency exchange rates, and securities of companies of any capitalization range. The Fund primarily invests in companies that the portfolio manager believes represent value opportunities and/or that have growth potential within their market niche, through their ability to increase production capacity at reasonable cost or make gold discoveries around the world. The portfolio manager utilizes both a macro-economic examination of gold market themes and a fundamental analysis of prospective companies in the search for value and growth opportunities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may invest up to 25% of its net assets, as of the date of the investment, in gold and silver coins, gold, silver, platinum and palladium bullion and exchange-traded funds (&#8220;ETFs&#8221;) that invest primarily in such coins and bullion and derivatives on the foregoing. The Fund&#8217;s investments in coins and bullion will not earn income, and the sole source of return to the Fund from these investments will be from gains or losses realized on the sale of such investments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may gain exposure to gold bullion and other metals by investing up to 25% of the Fund&#8217;s total assets in a wholly owned subsidiary of the Fund (the &#8220;Subsidiary&#8221;). The Subsidiary primarily invests in gold bullion, gold futures and other instruments that provide direct or indirect exposure to gold, including ETFs, and also may invest in silver, platinum and palladium bullion and futures. The Subsidiary (unlike the Fund) may invest without limitation in these investments. The Fund will &#8220;look-through&#8221; the Subsidiary to the Subsidiary&#8217;s underlying investments for determining compliance with the Fund&#8217;s investment policies. For tax reasons, it may be advantageous for the Fund to create and maintain its exposure to the commodity markets, in whole or in part, by investing in the Subsidiary. The portfolio of the Subsidiary is managed by the Adviser for the exclusive benefit of the Fund.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may use derivative instruments, such as structured notes, futures, options, warrants, currency forwards and swap agreements, to gain or hedge exposure. The Fund may invest up to 20% of its net assets in securities issued by other investment companies, including ETFs. The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.</font></p> PRINCIPAL RISKS <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">There is no assurance that the Fund will achieve its investment objective. The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Canadian Issuers. </b>The Canadian economy is very dependent on the demand for, and supply and price of, natural resources. The Canadian market is relatively concentrated in issuers involved in the production and distribution of natural resources. There is a risk that any changes in natural resources sectors could have an adverse impact on the Canadian economy. The Canadian economy is dependent on and may be significantly affected by the U.S. economy, given that the United States is Canada&#8217;s largest trading partner and foreign investor. Reduction in spending on Canadian products and services or changes in the U.S. economy may adversely impact the Canadian economy.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives.</b> Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives Tax Risk. </b>The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund&#8217;s use of such derivative instruments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Concentration in Gold-Mining Industry.</b> The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of industries. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the gold industry. Fluctuations in the price of gold often dramatically affect the profitability of companies in the gold industry.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Derivatives.</b> The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund&#8217;s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Direct Investments.</b> Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Emerging Market Securities.</b> Emerging market securities typically present even greater exposure to the risks described under &#8220;Foreign Securities&#8221; and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Foreign Currency Transactions.</b> An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. 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Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Investments in Other Investment Companies.</b> The Fund&#8217;s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. 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In general, equity securities tend to have greater price volatility than debt securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Non-Diversification.</b> A non-diversified fund&#8217;s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund&#8217;s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Operational.</b> The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.</font></p> <br/><p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; "><b>Regulatory.</b> Changes in the laws or regulations of the United States or the Cayman Islands, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund or the Subsidiary. For example, in 2012, the U.S. Commodity Futures Trading Commission (&#8220;CFTC&#8221;) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (&#8220;CEA&#8221;) and regulations thereunder. In addition, the CFTC or the SEC could at any time alter the regulatory requirements governing the use of commodity futures, options on commodity futures, structured notes or swap transactions by investment companies, which could result in the inability of the Fund to achieve its investment objective through its current strategies.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Small- and Medium-Capitalization Companies.</b> Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Subsidiary.</b> By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary&#8217;s investments. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in this prospectus, is not subject to all the investor protections of the 1940 Act.</font></p> The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. A non-diversified fund&#8217;s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund&#8217;s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio. INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The International Investors Gold Fund seeks long-term capital appreciation by investing in common stocks of gold-mining companies. The Fund may take current income into consideration when choosing investments.</font></p> PERFORMANCE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the NYSE Arca Gold Miners Index is a modified market capitalization-weighted index comprised of publicly traded companies primarily involved in the mining of gold and silver in locations around the world. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund&#8217;s Class&#160;A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.</font></p> CLASS A: Annual Total Returns (%) as of 12/31 0.2741 -0.2903 0.6375 0.5099 -0.2152 -0.0961 -0.4891 -0.0610 -0.2463 0.5312 ~ http://vaneck.com/20170411/role/ScheduleAnnualTotalReturnsBarChart20021 column dei_LegalEntityAxis compact cik0000768847_S000009199Member column rr_ProspectusShareClassAxis compact cik0000768847_C000024994Member row primary compact * ~ Best Quarter: 0.4689 2016-06-30 Worst Quarter: -0.3343 2013-06-30 <table cellpadding="0" cellspacing="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%;"> <tr valign="top"> <td style="width:14.29%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:7.14%; text-align: right;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:73.81%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Best Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"> <p style="margin:0; "><font style="font-family:sans-serif; font-size:3.5mm; ">+46.89%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 2Q &#8217;16</font></p></td> </tr> <tr valign="top"> <td> <p style="margin:0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Worst Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> -33.43%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 2Q &#8217;13</font></p></td> </tr> </table> 0.4427 -0.1395 -0.0188 0.4029 -0.1453 -0.0319 0.2499 -0.0988 -0.0112 0.5100 -0.1359 -0.0203 0.5363 -0.1255 0.0051 0.5349 -0.1267 -0.0909 0.5435 -0.1540 -0.0514 0.0849 0.0996 0.0412 2003-10-03 2010-04-30 1956-02-10 2006-10-02 ~ http://vaneck.com/20170411/role/ScheduleAverageAnnualReturnsTransposed20022 column dei_LegalEntityAxis compact cik0000768847_S000009199Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ Average Annual Total Returns as of 12/31/16 The annual returns in the bar chart are for the Fund&#8217;s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. (reflects no deduction for fees, expenses or taxes) After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. vaneck.com The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. PORTFOLIO TURNOVER <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 28% of the average value of its portfolio.</font></p> 0.28 Unconstrained Emerging Markets Bond Fund FUND FEES AND EXPENSES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Information&#8212;Sales Charges&#8221; section on page&#160;18 of this prospectus, in the &#8220;Availability of Discounts&#8221; section on page&#160;50 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled &#8220;Intermediary Sales Charge Discounts and Waivers.&#8221;</font></p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0100 0.0000 0.0000 0.0080 0.0080 0.0080 0.0080 0.0025 0.0100 0.0000 0.0000 0.0063 0.0121 0.0016 0.0039 0.0168 0.0301 0.0096 0.0119 -0.0043 -0.0106 -0.0001 -0.0019 0.0125 0.0195 0.0095 0.0100 ~ http://vaneck.com/20170411/role/ScheduleShareholderFees20025 column dei_LegalEntityAxis compact cik0000768847_S000037153Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleAnnualFundOperatingExpenses20026 column dei_LegalEntityAxis compact cik0000768847_S000037153Member row primary compact * ~ A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level. 25000 25000 Shareholder Fees (fees paid directly from your investment) 2018-05-01 You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Expense Example <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under &#8220;Annual Fund Operating Expenses&#8221;. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:</font></p> 695 695 1035 1035 1397 1397 2414 2414 298 831 1489 3253 198 831 1489 3253 97 97 305 305 530 530 1177 1177 102 102 359 359 636 636 1426 1426 ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleTransposed20027 column dei_LegalEntityAxis compact cik0000768847_S000037153Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleNoRedemptionTransposed20028 column dei_LegalEntityAxis compact cik0000768847_S000037153Member row primary compact * ~ Held Sold PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Under normal conditions, the Fund invests at least 80% of its net assets in emerging market debt securities. An instrument will qualify as an emerging market debt security if it is either (i) issued by an emerging market government, quasi-government or corporate entity (regardless of the currency in which it is denominated) or (ii) denominated in the currency of an emerging market country (regardless of the location of the issuer). The Fund may also invest in non-emerging market debt securities. There is no limit on the amount the Fund may invest in one country or in securities denominated in one currency. The Fund may also invest in debt securities rated below investment grade (&#8220;junk bonds&#8221;). The Fund is considered to be &#8220;non-diversified&#8221; which means that it may invest a larger portion of its assets in a single issuer. The Fund may engage in active and frequent trading of portfolio securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund invests in debt issued in emerging market and developed market currencies by governments and government-owned, controlled, or related entities (and their agencies and subdivisions), and by corporations. The Fund may invest in corporate bonds, debentures, notes, commercial paper, time deposits, and certificates of deposit, as well as debt obligations, which may have a call on a common stock or commodity by means of a conversion privilege or attached warrants.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may also invest in emerging market or developed market currencies. The Fund may use derivative instruments denominated in any currency to enhance return, hedge (or protect) the value of its assets against adverse movements in commodity prices, currency exchange rates, interest rates and movements in the securities markets, manage certain investment risks and/or as a substitute for the purchase or sale of securities, currencies or commodities. The Fund may also use derivative instruments to implement &#8220;cross-hedging&#8221; strategies, which involve the use of one currency to hedge against the decline in the value of another currency, or to hedge the value of a currency that is embedded in the value of another currency (for example, the value of the Euro that may be embedded in the Polish zloty). The Fund expects to use forward currency contracts; futures on securities, indices, currencies, commodities, swaps and other investments; options; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps. The Fund may also invest in credit-linked notes. The notional value of a cash-settled forward currency contract or other derivative instrument on an emerging market currency (or a currency that is embedded in an emerging market currency) or security (including any security that is a reference security for a credit default swap) will be treated as an emerging market debt security for purposes of complying with the Fund&#8217;s policy of investing at least 80% of its net assets in emerging market debt securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries and currencies that the Fund will invest in based on the Adviser&#8217;s evaluation of economic fundamentals, legal structure, political developments and other specific factors the Adviser believes to be relevant. The Fund&#8217;s investment strategy normalizes countries&#8217; economic fundamentals and compares them to the valuations of the relevant asset prices, particularly the relevant currency&#8217;s valuation, the relevant currency&#8217;s interest rate, and the relevant hard-currency security&#8217;s credit spread. The Fund may invest in instruments whose return is based on the return of an emerging market security such as a derivative instrument, rather than investing directly in emerging market securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund&#8217;s holdings may include issues denominated in currencies of emerging countries, investment companies (like country funds) that invest in emerging countries, and American Depositary Receipts, and similar types of investments, representing emerging market securities. The Fund may purchase securities of any maturity or duration. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security&#8217;s price to changes in interest rates. The longer a security&#8217;s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may invest up to 20% of its net assets in securities issued by other investment companies (each an &#8220;Underlying Fund&#8221;), including exchange-traded funds (&#8220;ETFs&#8221;). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.</font></p> PRINCIPAL RISKS <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">There is no assurance that the Fund will achieve its investment objective. The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Below Investment Grade Securities. </b>Below investment grade securities (sometimes referred to as &#8220;junk bonds&#8221;) are more speculative than higher-rated securities. These securities have a much greater risk of default and may be more volatile than higher-rated securities of similar maturity. These securities may be less liquid and more difficult to value than higher-rated securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Credit. </b>Credit risk is the risk that the issuer or guarantor of a debt security or the counterparty to an over-the-counter contract (including many derivatives) will be unable or unwilling to make timely principal, interest or settlement payments or otherwise honor its obligations. The Fund invests in debt securities that are subject to varying degrees of risk that the issuers of the securities will have their credit ratings downgraded or will default, potentially reducing the value of the securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Currency Management Strategies. </b>Currency management strategies, including the use of forward currency contracts and other derivatives, may substantially change the Fund&#8217;s exposure to currencies and currency exchange rates and could result in losses to the Fund if currencies do not perform as the Adviser anticipates.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Debt Securities. </b>Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates. Debt securities with longer durations have higher risk and volatility.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Derivatives.</b> The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund&#8217;s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Emerging Market Securities.</b> Emerging market securities typically present even greater exposure to the risks described under &#8220;Foreign Securities&#8221; and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Foreign Currency. </b>Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Foreign Securities.</b> Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Hedging. </b>Losses or gains generated by a derivative or other instrument or practice used by the Fund for hedging purposes (including for hedging interest rate risk and credit risk) should be substantially offset by gains or losses on the hedged investment. However, the Fund is exposed to the risk that changes in the value of a hedging instrument will not match those of the investment being hedged.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Investments in Other Investment Companies.</b> The Fund&#8217;s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company&#8217;s fees and expenses, which are in addition to the Fund&#8217;s own fees and expenses.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Latin American Issuers. </b>Investments in securities of Latin American issuers involve special considerations not typically associated with investments in securities of issuers located in the United States. The economies of certain Latin American countries have, at times, experienced high interest rates, economic volatility, inflation, currency devaluations and high unemployment rates. In addition, commodities (such as oil, gas and minerals) represent a significant percentage of the region&#8217;s exports and many economies in this region are particularly sensitive to fluctuations in commodity prices. Adverse economic events in one country may have a significant adverse effect on other countries of this region. Most Latin American countries have experienced, at one time or another, severe and persistent levels of inflation, including, in some cases, hyperinflation. This has, in turn, led to high interest rates, extreme measures by governments to keep inflation in check, and a generally debilitating effect on economic growth.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Management</b>. Investment decisions made by the Adviser in seeking to achieve the Fund&#8217;s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund&#8217;s shares to lose value or underperform other funds with similar investment objectives.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Market.</b> Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Operational.</b> The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Non-Diversification.</b> A non-diversified fund&#8217;s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund&#8217;s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Portfolio Turnover. </b>The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund&#8217;s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund&#8217;s return.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Sectors. </b>The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the energy and sovereign bond sectors.</font></p> The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. A non-diversified fund&#8217;s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund&#8217;s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio. INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Unconstrained Emerging Markets Bond Fund seeks total return, consisting of income and capital appreciation.</font></p> PERFORMANCE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the 50% J.P. Morgan Emerging Market Bond Index Global Diversified Index/50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified Index, shown in the table, is a blended, unmanaged index created by the Adviser. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund&#8217;s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.</font></p> Class A: Annual Total Returns (%) as of 12/31 -0.0470 0.0183 -0.1360 0.0606 ~ http://vaneck.com/20170411/role/ScheduleAnnualTotalReturnsBarChart20029 column dei_LegalEntityAxis compact cik0000768847_S000037153Member column rr_ProspectusShareClassAxis compact cik0000768847_C000114413Member row primary compact * ~ Best Quarter: 0.0564 2014-06-30 Worst Quarter: -0.1107 2013-06-30 <table cellpadding="0" cellspacing="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%;"> <tr valign="top"> <td style="width:14.29%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:7.14%; text-align: right;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:73.81%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Best Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> +5.64%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 2Q &#8217;14</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Worst Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> -11.07%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 2Q &#8217;13</font></p></td> </tr> </table> -0.0011 -0.0158 -0.0112 -0.0262 -0.0006 -0.0159 0.0445 -0.0098 0.0645 0.0002 0.0632 -0.0007 0.1015 0.0994 -0.0282 0.1015 0.0473 2012-07-09 2012-07-09 2012-07-09 2012-07-09 ~ http://vaneck.com/20170411/role/ScheduleAverageAnnualReturnsTransposed20030 column dei_LegalEntityAxis compact cik0000768847_S000037153Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ Average Annual Total Returns as of 12/31/16 (reflects no deduction for fees, expenses or taxes) The annual returns in the bar chart are for the Fund&#8217;s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after-tax returns for the other classes may vary. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. vaneck.com The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. PORTFOLIO TURNOVER <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 546% of the average value of its portfolio.</font></p> 5.46 CM Commodity Index Fund FUND FEES AND EXPENSES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Information&#8212;Sales Charges&#8221; section on page&#160;20 of this prospectus, in the &#8220;Availability of Discounts&#8221; section on page 32 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;) and, with respect to purchases of shares through specific intermediaries, in Appendix C to this prospectus, entitled &#8220;Intermediary Sales Charge Discounts and Waivers.&#8221;</font></p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0075 0.0075 0.0075 0.0025 0.0000 0.0000 0.0031 0.0016 0.0024 0.0131 0.0091 0.0099 -0.0036 -0.0026 -0.0029 0.0095 0.0065 0.0070 ~ http://vaneck.com/20170411/role/ScheduleShareholderFees20033 column dei_LegalEntityAxis compact cik0000768847_S000029608Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleAnnualFundOperatingExpenses20034 column dei_LegalEntityAxis compact cik0000768847_S000029608Member row primary compact * ~ A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level. 25000 Shareholder Fees (fees paid directly from your investment) 2018-05-01 You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Expense Example <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under &#8220;Annual Fund Operating Expenses&#8221;. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:</font></p> 666 666 933 933 1219 1219 2034 2034 66 66 264 264 478 478 1096 1096 72 72 286 286 519 519 1187 1187 ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleTransposed20035 column dei_LegalEntityAxis compact cik0000768847_S000029608Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleNoRedemptionTransposed20036 column dei_LegalEntityAxis compact cik0000768847_S000029608Member row primary compact * ~ Held Sold PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund seeks to achieve its investment objective by investing in instruments that derive their value from the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index (the &#8220;CMCI&#8221;), as described below, and in bonds, debt securities and other fixed income instruments (&#8220;Fixed Income Instruments&#8221;) issued by various U.S. public- or private-sector entities. The Fund invests in commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity futures contracts and options on futures contracts that provide economic exposure to the investment returns of the commodities markets, as represented by the CMCI and its constituents. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. A commodity-linked derivative is a derivative instrument whose value is linked to the movement of a commodity, commodity index, commodity option or futures contract. The value of commodity-linked derivative instruments may be affected by overall market movements and other factors affecting the value of a particular industry or commodity, such as weather, disease, embargoes, or political and regulatory developments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The CMCI is a rules-based, composite benchmark index diversified across 27 commodity components from the following five sectors: energy, precious metals, industrial metals, agriculture and livestock. The CMCI is comprised of futures contracts with maturities ranging from three months up to a maximum of about three years for each commodity, depending on liquidity. The return of the CMCI reflects a combination of (i)&#160;the returns on the futures contracts comprising the CMCI; and (ii)&#160;the fixed-income return that would be earned on a hypothetical portfolio of 13-week U.S. Treasury bills theoretically deposited as full collateral for the notional exposure of hypothetical positions in the futures contracts comprising the CMCI. The selection and relative weightings of the components of the CMCI are designed to reflect the economic significance and market liquidity of each commodity, as determined based on global economic data, consumption data, commodity futures prices, open interest and volume data. The maturity of each commodity component in the CMCI remains fixed at a predefined time interval at all times by means of a continuous rolling process, in which a weighted percentage of shorter dated contracts for each commodity are swapped for longer dated contracts on a daily basis. The CMCI is rebalanced monthly back to the target weightings of the commodity components of the CMCI and the target weightings of all commodity components are revised once per year. A more detailed description of the CMCI is contained in Appendix A to the prospectus.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund will seek to track the returns of the CMCI by entering into swap contracts and commodity index-linked notes with one or more counterparties, which contracts and notes will rise and fall in value in response to changes in the value of the CMCI. As of the date of this prospectus, UBS was the only available counterparty with which the Fund may enter into such swap contracts on the CMCI. The Fund may enter into such contracts and notes directly or indirectly through a wholly owned subsidiary of the Fund (the &#8220;Subsidiary&#8221;). Commodity index-linked notes are derivative debt instruments with principal and/or coupon payments linked to the performance of commodity indices (such as the CMCI). These commodity index-linked notes are sometimes referred to as &#8220;structured notes&#8221; because the terms of these notes may be structured by the issuer and the purchaser of the note. The Fund may also seek to gain exposure to the individual commodity components of the CMCI by investing in futures contracts that comprise the CMCI, either directly or indirectly through the Subsidiary.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">For tax reasons, it may be advantageous for the Fund to create and maintain its exposure to the commodity markets, in whole or in part, by investing in the Subsidiary. The Subsidiary is managed by the Adviser for the exclusive benefit of the Fund. As discussed in greater detail elsewhere in this prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements and other commodity-linked derivative instruments including futures. The Fund may invest up to 25% of its assets in the Subsidiary.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The derivative instruments in which the Fund and the Subsidiary primarily intend to invest are instruments linked to commodity indices, such as the CMCI, and instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts. These instruments may specify exposure to commodity futures with different roll dates, reset dates or contract months than those specified by a particular commodity index. As a result, the commodity-linked derivatives component of the Fund&#8217;s portfolio may deviate from the returns of any particular commodity index. The Fund or the Subsidiary may over-weight or under-weight its exposure to a particular commodity index, or a subset of commodities, such that the Fund has greater or lesser exposure to that index than the value of the Fund&#8217;s net assets, or greater or lesser exposure to a subset of commodities than is represented by a particular commodity index. Such deviations may be the result of temporary market fluctuations, and under normal circumstances, the Fund will seek to maintain notional exposure to one or more commodity indices within 5% (plus or minus) of the value of the Fund&#8217;s net assets. To the extent the CMCI is concentrated in a particular industry (or one or more commodities that comprise an industry) the Fund will necessarily be concentrated in that industry.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Assets not invested in commodity-linked derivative instruments or the Subsidiary may be invested in Fixed Income Instruments, including derivative Fixed Income Instruments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The average duration of the portfolio of Fixed Income Instruments will vary based on interest rates and, under normal market conditions, is not expected to exceed five years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security&#8217;s price to changes in interest rates. The longer a security&#8217;s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point. The Fund will invest primarily in securities of the U.S. Government and its agencies and investment grade bonds of private issuers rated Baa or higher or, if unrated, determined by the Adviser to be of comparable quality. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy back or dollar rolls, repurchase agreements or reverse repurchase agreements). The Fund may also invest, without limitation, in money market funds.</font></p> PRINCIPAL RISKS <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">There is no assurance that the Fund will achieve its investment objective. The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives. </b>Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives Tax Risk. </b>The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund&#8217;s use of such derivative instruments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Counterparty. </b>A loss may be sustained as a result of the failure of another party to a contract (usually referred to as a &#8220;counterparty&#8221;) to make required payments or otherwise comply with a contract&#8217;s terms. The Fund also bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty. In addition, the Fund may enter into swap agreements with a limited number of counterparties, and as of the date of this prospectus, UBS was the only available counterparty with which the Fund may enter into such swap contracts on the CMCI. The Fund may invest in commodity-linked structured notes issued by a limited number of issuers that will act as counterparties. The Fund&#8217;s use of one or a limited number of counterparties and its investments in commodity-linked structured notes issued by only a limited number of issuers increases the Fund&#8217;s exposure to counterparty credit risk. Swap agreements also may be considered to be illiquid. Further, there is a risk that no suitable counterparties are willing to enter into, or continue to enter into, transactions with the Fund and, as a result, the Fund may not be able to achieve its investment objective.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Debt Securities. </b>Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates. Debt securities with longer durations have higher risk and volatility.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Derivatives. </b>The use of swap agreements, options, futures contracts and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, commodity, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund&#8217;s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Industry Concentration. </b>The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of industries. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting a particular industry.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Management.</b> Investment decisions made by the Adviser in seeking to achieve the Fund&#8217;s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund&#8217;s shares to lose value or underperform other funds with similar investment objectives.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Market. </b>Market risk refers to the risk that the market prices of securities, commodities and related instruments that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities and commodities tend to have greater price volatility than debt securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Operational.</b> The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Regulatory.</b> Changes in the laws or regulations of the United States or the Cayman Islands, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund or the Subsidiary. For example, in 2012, the U.S. Commodity Futures Trading Commission (&#8220;CFTC&#8221;) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (&#8220;CEA&#8221;) and regulations thereunder. As a result of the amendments and, based on the Fund&#8217;s and its Subsidiary&#8217;s current investment strategies, the Fund and the Subsidiary are each a &#8220;commodity pool&#8221; and the Adviser is considered a &#8220;commodity pool operator&#8221; (&#8220;CPO&#8221;) with respect to the Fund and the Subsidiary under the CEA. Accordingly, the Fund and the Adviser are subject to dual regulation by the CFTC and the SEC. In August 2013, the CFTC adopted regulations that seek to &#8220;harmonize&#8221; CFTC regulations with overlapping SEC rules and regulations. Pursuant to the CFTC harmonization regulations, the Fund and the Adviser may elect to meet the requirements of certain CFTC regulations by complying with specific SEC rules and regulations relating to disclosure and reporting requirements. The CFTC could deem the Fund or the Adviser in violation of an applicable CFTC regulation if the Fund or the Adviser failed to comply with a related SEC regulatory requirement under the CFTC harmonization regulations. The Fund and the Adviser will remain subject to certain CFTC-mandated disclosure, reporting and recordkeeping regulations even if they elect substitute compliance under the CFTC harmonization regulations. Compliance with the CFTC regulations could increase the Fund&#8217;s expenses, adversely affecting the Fund&#8217;s total return.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Repurchase and Reverse Repurchase Agreements. </b>A repurchase agreement exposes the Fund to the risk that the party that sells the security may default on its obligation to repurchase it. The Fund may lose money if it cannot sell the security at the agreed-upon time and price or the security loses value before it can be sold. A reverse repurchase agreement involves the risk that the market value of the securities the Fund is obligated to repurchase under the agreement may decline below the repurchase price.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Subsidiary. </b>By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary&#8217;s investments. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in this prospectus, is not subject to all the investor protections of the 1940 Act.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Tracking Error. </b>The Fund&#8217;s return may not match the return of the CMCI due to, among other factors, the Fund incurring operating expenses, and not being fully invested at all times as a result of cash inflows and cash reserves to meet redemptions.</font></p> The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The CM Commodity Index Fund seeks to track, before fees and expenses, the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index.</font></p> PERFORMANCE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance. For instance, the UBS Bloomberg Constant Maturity Commodity Total Return Index (&#8220;CMCI&#8221;) is a rules-based, composite benchmark index diversified across 27 commodity components from within five sectors, specifically energy, precious metals, industrial metals, agriculture and livestock. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund&#8217;s Class&#160;A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.</font></p> <br/><p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; ">Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.</font></p> Class A: Annual Total Returns (%) as of 12/31 -0.0811 0.0123 -0.0787 -0.1976 -0.2529 0.1501 ~ http://vaneck.com/20170411/role/ScheduleAnnualTotalReturnsBarChart20037 column dei_LegalEntityAxis compact cik0000768847_S000029608Member column rr_ProspectusShareClassAxis compact cik0000768847_C000090895Member row primary compact * ~ Best Quarter: 0.1228 2016-06-30 Worst Quarter: -0.1460 2015-09-30 <table cellpadding="0" cellspacing="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%;"> <tr valign="top"> <td style="width:14.29%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:7.14%; text-align: right;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:73.81%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Best Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"> <p style="margin:0; "><font style="font-family:sans-serif; font-size:3.5mm; ">+12.28%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 2Q &#8217;16</font></p></td> </tr> <tr valign="top"> <td> <p style="margin:0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Worst Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> -14.60%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 3Q &#8217;15</font></p></td> </tr> </table> 0.0834 -0.0954 -0.0929 0.0409 -0.1028 -0.0991 0.0470 -0.0719 -0.0687 0.1518 -0.0817 -0.0811 0.1524 -0.0818 -0.0813 0.1658 -0.0714 -0.0710 2010-12-31 2010-12-31 2010-12-31 ~ http://vaneck.com/20170411/role/ScheduleAverageAnnualReturnsTransposed20038 column dei_LegalEntityAxis compact cik0000768847_S000029608Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ Average Annual Total Returns as of 12/31/16 (reflects no deduction for fees, expenses or taxes) The annual returns in the bar chart are for the Fund&#8217;s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance. After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. vaneck.com The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. PORTFOLIO TURNOVER <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 0% of the average value of its portfolio.</font></p> 0.00 Long/Short Equity Index Fund FUND FEES AND EXPENSES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Information&#8212;Sales Charges&#8221; section on page&#160;22 of this prospectus, in the &#8220;Availability of Discounts&#8221; section on page&#160;38 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;) and, with respect to purchases of shares through specific intermediaries, in Appendix B to this prospectus, entitled &#8220;Intermediary Sales Charge Discounts and Waivers.&#8221;</font></p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0065 0.0065 0.0065 0.0025 0.0000 0.0000 0.0322 0.0112 0.0337 0.0019 0.0019 0.0019 0.0303 0.0093 0.0318 0.0009 0.0009 0.0009 0.0421 0.0186 0.0411 -0.0298 -0.0093 -0.0313 0.0123 0.0093 0.0098 ~ http://vaneck.com/20170411/role/ScheduleShareholderFees20041 column dei_LegalEntityAxis compact cik0000768847_S000043105Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleAnnualFundOperatingExpenses20042 column dei_LegalEntityAxis compact cik0000768847_S000043105Member row primary compact * ~ A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level. 25000 Shareholder Fees (fees paid directly from your investment) 2018-05-01 You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Expense Example <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under &#8220;Annual Fund Operating Expenses&#8221;. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:</font></p> 693 693 1523 1523 2366 2366 4533 4533 95 95 494 494 919 919 2104 2104 100 100 963 963 1841 1841 4105 4105 ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleTransposed20043 column dei_LegalEntityAxis compact cik0000768847_S000043105Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleNoRedemptionTransposed20044 column dei_LegalEntityAxis compact cik0000768847_S000043105Member row primary compact * ~ Held Sold PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund normally invests at least 80% of its net assets in securities that comprise the Index. The Index is constructed using a rules based process and seeks to capture the performance of a group of long/short equity hedge funds that focus on North American companies (the &#8220;Proprietary L/S Equity Universe&#8221;). MV Index Solutions GmbH (the &#8220;Index Provider&#8221;), an affiliate of the Adviser, uses a two-step process to identify the Proprietary L/S Equity Universe. First, the Index Provider identifies an initial universe of North American focused long/short equity hedge funds. Second, the Index Provider eliminates outlier hedge funds, typically eliminating more of the underperforming outlier hedge funds, from the initial universe with a patented True Alpha<font style="vertical-align:top; font-family:Arial, Helvetica, sans-serif; font-size:70%">&#174;</font> (True </font><font style="font-size:3.5mm; "><font style="font-family: symbol;">a</font><font style="font-family:sans-serif; "><font style="vertical-align:top; font-family:Arial, Helvetica, sans-serif; font-size:70%">&#174;</font>) metric that scores and ranks funds based on their risk-adjusted performance over a twelve month period. The Index Provider defines outlier hedge funds as those funds with the True Alpha scores for that twelve month period that differ from the average score of the funds that comprise the initial universe to a statistically significant degree. Applying a regression analysis to the returns of the Proprietary L/S Equity Universe, the Index Provider determines the long and/or short positions in exchange traded products, including exchange traded funds and exchange traded notes (&#8220;Exchange Traded Products&#8221;), that, in the aggregate, can best explain the performance of the Proprietary L/S Equity Universe in recent prior periods and, therefore, may track the performance of the Proprietary L/S Equity Universe in future periods. The Index is reconstituted and rebalanced monthly. The Exchange Traded Products that comprise the Index may include Exchange Traded Products that invest in equity and debt securities, including emerging markets securities, as well as other asset categories including commodities. The Fund, using a &#8220;passive&#8221; or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the performance of the Index.</font></font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">A significant portion of the Fund&#8217;s assets may be held in cash or cash equivalents including, but not limited to, money market instruments, U.S. Treasury bills, interests in short-term investment funds or shares of money market or short-term bond funds. The Fund may engage in active and frequent trading of portfolio securities. While the Fund may hold both long and short positions in any of the instruments in which it invests, it does not intend to borrow money for investment purposes. It seeks to maintain a net exposure, including cash and cash equivalents of 100% of net assets.</font></p> PRINCIPAL RISKS <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">There is no assurance that the Fund will achieve its investment objective. The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. Also, because the Fund invests directly in Exchange Traded Products, which, in turn, invest directly in or have exposure to equity and debt securities and other asset categories, the following principal risks are those of the Fund and Exchange Traded Products, as appropriate. As a result of the Fund&#8217;s direct investment in Exchange Traded Products, the Fund is indirectly exposed to the risks of the securities held by and other investments made by the Exchange Traded Products.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Debt Securities.</b> Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Exchange Traded Products.</b> While the risks of owning shares of an Exchange Traded Product generally reflect the risks of owning the underlying investments of the Exchange Traded Product, lack of liquidity in the Exchange Traded Product can result in its value being more volatile than its underlying portfolio investments. An Exchange Traded Product can trade at prices higher or lower than the value of its underlying assets. In addition, trading in an Exchange Traded Product may be halted by the exchange on which it trades.</font></p> <br/><p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; "><b>Exchange Traded Products&#8217; Underlying Investments.</b> Through its investment in an Exchange Traded Product, the Fund is subject to the risks associated with the Exchange Traded Product&#8217;s underlying investments, including the possibility that the value of the securities or other assets held by the Exchange Traded Product could decrease. These risks include any combination of the risks described below, although the Fund&#8217;s exposure to a particular risk will be proportionate to the Fund&#8217;s overall allocation and an Exchange Traded Product&#8217;s asset allocation. Additionally, the Fund will bear additional expenses based on its pro rata share of the Exchange Traded Product&#8217;s operating expenses. Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in an Exchange Traded Product.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Commodities and Commodity-Linked Derivatives.</i> Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Exchange Traded Product to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Commodities and Commodity-Linked Derivatives Tax Risk.</i> The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund&#8217;s use of such derivative instruments.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Common Stock.</i> Common stocks are subject to greater fluctuations in market value than certain other asset classes as a result of such factors as a company&#8217;s business performance, investor perceptions, stock market trends and general economic conditions.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Concentration.</i> An Exchange Traded Product that concentrates its investments in an industry or group of industries is more vulnerable to adverse market, economic, regulatory, political or other developments affecting such industry or group of industries than a fund that invests its assets more broadly.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Derivatives.</i> The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing an Exchange Traded Product to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Exchange Traded Product&#8217;s derivative positions at times when the Exchange Traded Product might wish to terminate or sell such positions and over the counter instruments may be illiquid and are subject to counterparty risk.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Emerging Markets</i>. Investments in the securities of emerging markets typically present even greater exposure to the risks described under &#8220;Foreign Securities&#8221; and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Foreign Currency</i>. Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Foreign Securities</i>. Investments in securities of foreign issuers are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Investment Style</i>. Securities of a particular investment style, such as a growth style or value style, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic conditions.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Large-Capitalization Companies</i>. Securities of large-capitalization companies could fall out of favor with the market and underperform securities of small- or medium-capitalization companies. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.</font></p> <br/><p style="margin:2.1mm 0 0 7mm; "><font style="font-family:sans-serif; font-size:3.5mm; "><i>Small- and Medium-Capitalization Companies.</i> Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Investment Restrictions.</b> The Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;), places limits on the percentage of the total outstanding stock of another investment company that may be owned by the Fund; however, exemptive relief from the Securities and Exchange Commission (the &#8220;SEC&#8221;) permits the Fund to invest in other unaffiliated investment companies in excess of this limitation if certain conditions are met (the &#8220;Exemptive Relief&#8221;). The Fund is subject to the conditions set forth in the Exemptive Relief and certain additional provisions of the 1940 Act that limit the amount that the Fund and its affiliates, in the aggregate, can invest in the outstanding voting securities of any one investment company. Compliance with such investment restrictions may result in increased tracking error for the Fund. The Fund and its affiliates may not actively acquire &#8220;control&#8221; of an investment company, which is presumed once ownership of an investment company&#8217;s outstanding voting securities exceeds 25%. Also, to comply with provisions of the 1940 Act and the Exemptive Relief, the Adviser may be required to vote shares of an investment company in the same general proportion as shares held by other shareholders of the investment company.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Market.</b> Market risk refers to the risk that the market prices of securities that the Fund or an Exchange Traded Product holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities. The Exchange Traded Products, including exchange traded funds (&#8220;ETFs&#8221;) and exchange traded notes (&#8220;ETNs&#8221;), may trade at a premium or discount to their net asset values.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Operational. </b>The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Portfolio Turnover. </b>The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund&#8217;s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund&#8217;s return.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Regulatory.</b> Changes in the laws or regulations of the United States, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund. For example, in 2012, the U.S. Commodity Futures Trading Commission (&#8220;CFTC&#8221;) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (&#8220;CEA&#8221;) and regulations thereunder. Specifically, these amendments, which became effective on January 1, 2013, require an investment adviser of a registered investment company to register with the CFTC as a &#8220;commodity pool operator&#8221; (&#8220;CPO&#8221;) if the investment company either markets itself as a vehicle for trading commodity interests or conducts more than a de minimis amount of speculative trading in commodity interests. The staff of the CFTC issued temporary no-action relief (the &#8220;No-Action Relief&#8221;) from CPO registration to operators of funds-of-funds that cannot reasonably know whether indirect exposure to commodity interests would prevent them from qualifying for an exemption from registration as a CPO. In reliance on the No-Action Relief, the Adviser has claimed a temporary exemption from registration as a CPO. To the extent the Fund and the Adviser are required to comply with applicable CFTC disclosure, reporting and recordkeeping regulations, compliance with such regulations could increase the Fund&#8217;s expenses, adversely affecting the Fund&#8217;s total return.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Short Sales.</b> If the Fund sells a security short and subsequently has to buy the security back at a higher price, the Fund will lose money on the transaction. Any loss will be increased by the amount of compensation, interest or dividends and transaction costs the Fund must pay to a lender of the security. The amount the Fund could lose on a short sale is theoretically unlimited (as compared to a long position, where the maximum loss is the amount invested). The use of short sales, which has the effect of leveraging the Fund, could increase the exposure of the Fund to the market, increase losses and increase the volatility of returns.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund may not always be able to close out a short position at a particular time or at an acceptable price. A lender may request that borrowed securities be returned to it on short notice, and the Fund may have to buy the borrowed securities at an unfavorable price. If this occurs at a time that other short sellers of the same security also want to close out their positions, it is more likely that the Fund will have to cover its short sale at an unfavorable price and potentially reduce or eliminate any gain, or cause a loss, as a result of the short sale.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Tracking Error. </b>Unlike a traditional index that is comprised of securities representing a particular segment of the market, such as the S&amp;P 500 Composite Stock Price Index, the Index is comprised of long and/or short positions in Exchange-Traded Products that are selected and weighted monthly based upon the application of a regression analysis to the returns of the Proprietary L/S Equity Universe in recent prior periods. The performance of the Index may not match the performance of the Proprietary L/S Equity Universe prospectively due to the timing of the application of the regression analysis and changes that may subsequently occur in the management of the underlying hedge funds that comprise the Proprietary L/S Equity Universe. In addition, the Fund&#8217;s performance may not match the performance of the Index due to, among other factors, the Fund incurring operating expenses and not being fully invested at all times as a result of cash inflows and cash reserves to meet redemptions. In addition, the Fund may not be able to invest in certain securities included in its Index, or invest in them in the exact proportions in which they are represented in the Index, due to legal restrictions or limitations imposed by the governments of certain countries, a lack of liquidity on stock exchanges in which such securities trade, potential adverse tax consequences or other regulatory reasons (such as diversification requirements). Accordingly, the performance of the Fund may vary from the performance of the Proprietary L/S Equity Universe and the performance of the Index.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>U.S. Government Obligations.</b> U.S. Government obligations may be adversely impacted by changes in interest rates, and securities issued by U.S. Government agencies or government-sponsored entities may not be backed by the full faith and credit of the U.S. Government.</font></p> The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Long/Short Equity Index Fund seeks to track, before fees and expenses, the performance of the MVIS</font><font style="font-size:3.5mm; "><font style="font-family: symbol;">&#228;</font><font style="font-family:sans-serif; "> North America Long/Short Equity Index (the &#8220;Index&#8221;).</font></font></p> PERFORMANCE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the MVIS</font><font style="font-family:sans-serif; font-size:2.3mm; "><sup>TM</sup></font><font style="font-family:sans-serif; font-size:3.5mm; "> North America Long/Short Equity Index is an index which seeks to capture the performance of a group of long/short equity hedge funds that focus on North American companies. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund&#8217;s Class&#160;A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.</font></p> CLASS A: Annual Total Returns (%) as of 12/31 0.0200 -0.0308 0.0260 ~ http://vaneck.com/20170411/role/ScheduleAnnualTotalReturnsBarChart20045 column dei_LegalEntityAxis compact cik0000768847_S000043105Member column rr_ProspectusShareClassAxis compact cik0000768847_C000133413Member row primary compact * ~ Best Quarter: 0.0301 2015-12-31 Worst Quarter: -0.0592 2015-09-30 <table cellpadding="0" cellspacing="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%;"> <tr valign="top"> <td style="width:14.29%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:7.14%; text-align: right;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:2.63%"><p><font style="font-size:0.6mm;">&#160;</font></p></td> <td style="width:73.81%;"><p><font style="font-size:0.6mm;">&#160;</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Best Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> +3.01%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 4Q &#8217;15</font></p></td> </tr> <tr valign="top"> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "><b> Worst Quarter:</b></font></p></td> <td style="width: 3px;">&#160;</td> <td style="text-align: right;"><p><font style="font-family:sans-serif; font-size:3.5mm; "> -5.92%</font></p></td> <td style="width: 3px;">&#160;</td> <td><p><font style="font-family:sans-serif; font-size:3.5mm; "> 3Q &#8217;15</font></p></td> </tr> </table> -0.0325 -0.0063 -0.0343 -0.0133 -0.0177 -0.0078 0.0293 0.0164 0.0282 0.0157 0.0404 0.0252 0.0849 0.0506 2013-12-12 2013-12-12 2013-12-12 ~ http://vaneck.com/20170411/role/ScheduleAverageAnnualReturnsTransposed20046 column dei_LegalEntityAxis compact cik0000768847_S000043105Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ Average Annual Total Returns as of 12/31/16 (reflects no deduction for fees, expenses, or taxes) The annual returns in the bar chart are for the Fund&#8217;s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. vaneck.com The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account. PORTFOLIO TURNOVER <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 583% of the average value of its portfolio.</font></p> 5.83 VanEck NDR Managed Allocation Fund FUND FEES AND EXPENSES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Class A of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Information&#8211;Sales Charges&#8221; section on page&#160;18 of this prospectus, in the &#8220;Availability of Discounts&#8221; section on page&#160;37 of the Fund&#8217;s Statement of Additional Information (&#8220;SAI&#8221;) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled &#8220;Intermediary Sales Charge Discounts and Waivers.&#8221;</font></p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0000 0.0080 0.0080 0.0080 0.0025 0.0000 0.0000 0.0232 0.0218 0.0335 0.0023 0.0023 0.0023 0.0360 0.0321 0.0438 -0.0222 -0.0213 -0.0325 0.0138 0.0108 0.0113 ~ http://vaneck.com/20170411/role/ScheduleShareholderFees20049 column dei_LegalEntityAxis compact cik0000768847_S000053755Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleAnnualFundOperatingExpenses20050 column dei_LegalEntityAxis compact cik0000768847_S000053755Member row primary compact * ~ A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level. 25000 Other Expenses have been restated to reflect current fees. Shareholder Fees (fees paid directly from your investment) 2018-05-01 You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Class A of the VanEck Funds. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Expense Example <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under &#8220;Annual Fund Operating Expenses&#8221;. To the extent the Adviser is waiving fees and/or reimbursing expenses, the example assumes that such waiver and/or reimbursement will only be in place through the date noted above. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:</font></p> 707 707 1420 1420 2154 2154 4078 4078 110 110 789 789 1493 1493 3365 3365 115 115 1031 1031 1958 1958 4326 4326 ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleTransposed20051 column dei_LegalEntityAxis compact cik0000768847_S000053755Member row primary compact * ~ ~ http://vaneck.com/20170411/role/ScheduleExpenseExampleNoRedemptionTransposed20052 column dei_LegalEntityAxis compact cik0000768847_S000053755Member row primary compact * ~ Held Sold PRINCIPAL INVESTMENT STRATEGIES <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Adviser seeks to achieve the Fund&#8217;s investment objective by investing, under normal conditions, primarily in (i)&#160;exchange traded products that are registered under the federal securities laws (&#8220;Exchange Traded Products&#8221;) and invest in domestic and foreign equity and debt securities, including exchange traded funds (&#8220;ETFs&#8221;) and exchange traded notes (&#8220;ETNs&#8221;); and (ii) cash or cash equivalents. The securities held by the Exchange Traded Products include equity securities of companies of any market capitalization, debt securities of any credit quality, duration and maturity and emerging market securities. The Adviser expects to invest the Fund&#8217;s assets primarily in unaffiliated, passively-managed Exchange Traded Products.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Adviser uses a customized version of a global tactical asset allocation model (the &#8220;VE NDR Model&#8221;) developed by Ned Davis Research, Inc. (&#8220;NDR&#8221;). The VE NDR Model uses customized parameters to guide asset allocation decisions. The VE NDR Model combines the signals generated by various NDR sub-models, which, in the aggregate, aim to enhance asset allocation by tilting portfolio weightings toward asset classes believed to be more attractive than others given perceived market trends, current opportunities and/or risks in the market. The sub-models use fundamental, macroeconomic and technical indicators to generate allocation signals among (i) stocks, bonds and cash, (ii) geographical locations and (iii) market capitalization (e.g., company size) and investment style (e.g., value and growth). As used herein, the term &#8220;signals&#8221; refers to allocation percentages generated by the VE NDR Model.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">Fundamental and macroeconomic indicators used by the sub-models include, but are not limited to, investor sentiment, earnings, monetary policy, inflation and yield curves. Technical indicators used by the sub-models include, but are not limited to, trend, mean reversion, momentum and seasonality. The Adviser allocates the Fund&#8217;s assets to those Exchange Traded Products that it believes will have returns that, in the aggregate, closely correlate (before fees and expenses) to the return of the VE NDR Model. The VE NDR Model typically adjusts its signals on a monthly basis.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">A significant portion of the Fund&#8217;s assets may be held in cash or cash equivalents including, but not limited to, money market instruments, U.S. Treasury bills, interests in short-term investment funds or shares of money market or short-term bond funds. The Fund may engage in active and frequent trading of portfolio securities.</font></p> PRINCIPAL RISKS <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">There is no assurance that the Fund will achieve its investment objective. The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. Also, because the Fund invests directly in Exchange Traded Products, which, in turn, invest directly in or have exposure to equity and debt securities and other asset categories, the following principal risks are those of the Fund and Exchange Traded Products, as appropriate. As a result of the Fund&#8217;s direct investment in Exchange Traded Products, the Fund is indirectly exposed to the risks of the securities held by and other investments made by the Exchange Traded Products.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Debt Securities.</b> Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Exchange Traded Products.</b> While the risks of owning shares of an Exchange Traded Product generally reflect the risks of owning the underlying investments of the Exchange Traded Product, lack of liquidity in the Exchange Traded Product can result in its value being more volatile than its underlying portfolio investments. An Exchange Traded Product can trade at prices higher or lower than the value of its underlying assets. In addition, an active trading market for shares of an Exchange Traded Product may not develop or be maintained and trading in the Exchange Traded Product may be halted by the exchange on which it trades.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Exchange Traded Products&#8217; Underlying Investments.</b> Through its investment in an Exchange Traded Product, the Fund is subject to the risks associated with the Exchange Traded Product&#8217;s underlying investments, including the possibility that the value of the securities or other assets held by the Exchange Traded Product could decrease. These risks include any combination of the risks described below, although the Fund&#8217;s exposure to a particular risk will be proportionate to the Fund&#8217;s overall allocation and an Exchange Traded Product&#8217;s asset allocation. Additionally, the Fund will bear additional expenses based on its pro rata share of the Exchange Traded Product&#8217;s operating expenses. Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in an Exchange Traded Product.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Below Investment Grade Securities.</b> Below investment grade securities (sometimes referred to as &#8220;junk bonds&#8221;) are more speculative than higher-rated securities. These securities have a much greater risk of default and may be more volatile than higher-rated securities of similar maturity. These securities may be less liquid and more difficult to value than higher-rated securities.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives.</b> Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Exchange Traded Product to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters and changes in interest rates or inflation rates. Because the value of a commodity linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Commodities and Commodity-Linked Derivatives Tax Risk.</b> The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund&#8217;s use of such derivative instruments.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Common Stock.</b> Common stocks are subject to greater fluctuations in market value than certain other asset classes as a result of such factors as a company&#8217;s business performance, investor perceptions, stock market trends and general economic conditions.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Concentration. </b>An Exchange Traded Product that concentrates its investments in an industry or group of industries is more vulnerable to adverse market, economic, regulatory, political or other developments affecting such industry or group of industries than a fund that invests its assets more broadly.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Derivatives.</b> The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing an Exchange Traded Product to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Exchange Traded Product&#8217;s derivative positions at times when the Exchange Traded Product might wish to terminate or sell such positions and over the counter instruments may be illiquid and are subject to counterparty risk.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Emerging Markets.</b> Investments in the securities of emerging markets typically present even greater exposure to the risks described under &#8220;Foreign Securities&#8221; and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Foreign Currency.</b> Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Foreign Securities.</b> Investments in securities of foreign issuers are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Investment Style.</b> Securities of a particular investment style, such as a growth style or value style, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic conditions.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Large-Capitalization Companies.</b> Securities of large-capitalization companies could fall out of favor with the market and underperform securities of small- or medium-capitalization companies. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.</font></p> <br/><p style="margin:2.1mm 0 0;"><font style="font-family:sans-serif; font-size:3.5mm; "><b>Small- and Medium-Capitalization Companies.</b> Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Market.</b> Market risk refers to the risk that the market prices of securities that the Fund or an Exchange Traded Product holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities. The Exchange Traded Products, including ETFs and ETNs, may trade at a premium or discount to their net asset values.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Model and Data Risk: </b>Given the complexity of the investments and strategies of the Fund, the Adviser relies heavily on quantitative models and information and data supplied by NDR (&#8220;Models and Data&#8221;). Models and Data are used to construct sets of transactions and investments, and to provide risk management insights. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Operational.</b> The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund&#8217;s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Portfolio Turnover.</b> The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund&#8217;s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund&#8217;s return.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><b>Regulatory.</b> Changes in the laws or regulations of the United States, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund. For example, in 2012, the U.S. Commodity Futures Trading Commission (&#8220;CFTC&#8221;) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (&#8220;CEA&#8221;) and regulations thereunder. Specifically, these amendments, which became effective on January 1, 2013, require an investment adviser of a registered investment company to register with the CFTC as a &#8220;commodity pool operator&#8221; (&#8220;CPO&#8221;) if the investment company either markets itself as a vehicle for trading commodity interests or conducts more than a de minimis amount of speculative trading in commodity interests. The staff of the CFTC issued temporary no-action relief (the &#8220;No-Action Relief&#8221;) from CPO registration to operators of funds-of-funds that cannot reasonably know whether indirect exposure to commodity interests would prevent them from qualifying for an exemption from registration as a CPO. In reliance on the No-Action Relief, the Adviser has claimed a temporary exemption from registration as a CPO. To the extent the Fund and the Adviser are required to comply with applicable CFTC disclosure, reporting and recordkeeping regulations, compliance with such regulations could increase the Fund&#8217;s expenses, adversely affecting the Fund&#8217;s total return.</font></p> The Fund&#8217;s share price and return will fluctuate with changes in the market value of the Fund&#8217;s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. INVESTMENT OBJECTIVE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; "><a name="c86949_vaneck1">The VanEck NDR Managed Allocation Fund seeks capital appreciation.</a></font></p> PERFORMANCE <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund commenced operations on May 11, 2016. Accordingly, the Fund does not have a full calendar year of performance.</font></p> The Fund commenced operations on May 11, 2016. Accordingly, the Fund does not have a full calendar year of performance. PORTFOLIO TURNOVER <p style="margin:2.1mm 0 0; "><font style="font-family:sans-serif; font-size:3.5mm; ">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. 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Document and Entity Information
Total
Prospectus:  
Document Type 497
Document Period End Date Dec. 31, 2016
Registrant Name VanEck Funds
Central Index Key 0000768847
Amendment Flag false
Document Creation Date Apr. 11, 2017
Document Effective Date Apr. 11, 2017
Prospectus Date Apr. 11, 2017
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Emerging Markets Fund
Emerging Markets Fund
INVESTMENT OBJECTIVE

The Emerging Markets Fund seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 32 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers”.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Emerging Markets Fund
Class A
Class C
Class I
Class Y
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) none [1] 1.00% none none
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Emerging Markets Fund
Class A
Class C
Class I
Class Y
Management Fees 0.75% 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none none
Other Expenses 0.53% 0.57% 0.41% 0.46%
Total Annual Fund Operating Expenses 1.53% 2.32% 1.16% 1.21%
Fee Waivers and/or Expense Reimbursements [1] none none (0.16%) (0.11%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements 1.53% 2.32% 1.00% 1.10%
[1] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.60% for Class A, 2.50% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
Expense Example

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Sold
Expense Example - Emerging Markets Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 722 1,031 1,361 2,294
Class C 335 724 1,240 2,656
Class I 102 353 623 1,395
Class Y 112 373 654 1,456
Held
Expense Example No Redemption - Emerging Markets Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 722 1,031 1,361 2,294
Class C 235 724 1,240 2,656
Class I 102 353 623 1,395
Class Y 112 373 654 1,456
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 51% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries that the Fund will invest in based on the Adviser’s evaluation of economic fundamentals, legal structure, political developments and other specific factors the Adviser believes to be relevant.


Utilizing qualitative and quantitative measures, the Fund’s portfolio manager seeks to invest in reasonably-priced companies that have strong structural growth potential. The portfolio manager seeks attractive investment opportunities in all areas of emerging markets, and utilizes a flexible investment approach across all market capitalizations.


The Fund’s holdings may include issues denominated in currencies of emerging market countries, investment companies (like country funds) that invest in emerging market countries, and American Depositary Receipts, and similar types of investments, representing emerging market securities.


The Fund may invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

PRINCIPAL RISKS

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Chinese Issuers. Investing in securities of Chinese companies involves certain risks and considerations not typically associated with investing in securities of U.S. issuers, including, among others, (i) more frequent (and potentially widespread) trading suspensions and government interventions with respect to Chinese issuers, resulting in lack of liquidity and in price volatility, (ii) currency revaluations and other currency exchange rate fluctuations or blockage, (iii) the nature and extent of intervention by the Chinese government in the Chinese securities markets, whether such intervention will continue and the impact of such intervention or its discontinuation, (iv) the risk of nationalization or expropriation of assets, (v) the risk that the Chinese government may decide not to continue to support economic reform programs, (vi) limitations on the use of brokers, (vii) higher rates of inflation, (viii) greater political, economic and social uncertainty, (ix) market volatility caused by any potential regional or territorial conflicts or natural disasters and (x) the risk of increased trade tariffs, embargoes and other trade limitations.


Direct Investments. Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency Transactions. An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. These fluctuations can make the return on an investment go up or down, entirely apart from the quality or performance of the investment itself.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Investments through Stock Connect. The Fund’s investments in Chinese A-shares through Stock Connect will be subject to investment quotas and trading restrictions which may pose risks to the Fund. In addition, uncertainty in the People’s Republic of China (“PRC”) tax rules may result in unexpected tax liabilities for the Fund.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Sectors. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the financial services, information technology and consumer discretionary sectors.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.

PERFORMANCE

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. For instance, the MSCI Emerging Markets Investable Markets Index is an all market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Russia, Poland, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart

 

 

 

 

 

Best Quarter:

 

+59.06%

 

2Q ’09

Worst Quarter:

 

-38.59%

 

4Q ’08

Average Annual Total Returns as of 12/31/16
Average Annual Returns - Emerging Markets Fund
1 Year
5 Years
10 Years
Life of Class
Inception Date
Class A (6.18%) 3.33% 0.55%   Dec. 20, 1993
Class C (2.26%) 3.67% 0.36%   Oct. 03, 2003
Class I 0.05% 5.07%   (1.53%) Dec. 31, 2007
Class Y (0.03%) 4.87%   1.87% Apr. 30, 2010
After Taxes on Distributions | Class A [1] (6.21%) 3.30% 0.19%  
After Taxes on Distributions and Sale of Fund Shares | Class A (3.48%) 2.58% 0.44%    
MSCI Emerging Markets Investable Markets Index (reflects no deduction for fees, expenses or taxes) [2] 10.30% 1.90% 2.40%  
MSCI Emerging Markets Index (reflects no deduction for fees, expenses or taxes) 11.60% 1.64% 2.17%    
[1] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
[2] On April 1, 2017, the MSCI Emerging Markets Investable Markets Index (the "MSCI EM IMI") replaced the MSCI Emerging Markets Index as the Fund's broad-based benchmark index. The Fund changed indexes as it believes the MSCI EM IMI is more representative of the emerging markets all capitalization universe.

XML 12 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
Emerging Markets Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Emerging Markets Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Emerging Markets Fund seeks long-term capital appreciation by investing primarily in equity securities in emerging markets around the world.

Expense [Heading] rr_ExpenseHeading FUND FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 32 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers”.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 51% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 51.00%
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries that the Fund will invest in based on the Adviser’s evaluation of economic fundamentals, legal structure, political developments and other specific factors the Adviser believes to be relevant.


Utilizing qualitative and quantitative measures, the Fund’s portfolio manager seeks to invest in reasonably-priced companies that have strong structural growth potential. The portfolio manager seeks attractive investment opportunities in all areas of emerging markets, and utilizes a flexible investment approach across all market capitalizations.


The Fund’s holdings may include issues denominated in currencies of emerging market countries, investment companies (like country funds) that invest in emerging market countries, and American Depositary Receipts, and similar types of investments, representing emerging market securities.


The Fund may invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Chinese Issuers. Investing in securities of Chinese companies involves certain risks and considerations not typically associated with investing in securities of U.S. issuers, including, among others, (i) more frequent (and potentially widespread) trading suspensions and government interventions with respect to Chinese issuers, resulting in lack of liquidity and in price volatility, (ii) currency revaluations and other currency exchange rate fluctuations or blockage, (iii) the nature and extent of intervention by the Chinese government in the Chinese securities markets, whether such intervention will continue and the impact of such intervention or its discontinuation, (iv) the risk of nationalization or expropriation of assets, (v) the risk that the Chinese government may decide not to continue to support economic reform programs, (vi) limitations on the use of brokers, (vii) higher rates of inflation, (viii) greater political, economic and social uncertainty, (ix) market volatility caused by any potential regional or territorial conflicts or natural disasters and (x) the risk of increased trade tariffs, embargoes and other trade limitations.


Direct Investments. Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency Transactions. An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. These fluctuations can make the return on an investment go up or down, entirely apart from the quality or performance of the investment itself.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Investments through Stock Connect. The Fund’s investments in Chinese A-shares through Stock Connect will be subject to investment quotas and trading restrictions which may pose risks to the Fund. In addition, uncertainty in the People’s Republic of China (“PRC”) tax rules may result in unexpected tax liabilities for the Fund.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Sectors. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the financial services, information technology and consumer discretionary sectors.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.

Risk Lose Money [Text] rr_RiskLoseMoney The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. For instance, the MSCI Emerging Markets Investable Markets Index is an all market capitalization index that is designed to measure equity market performance of emerging markets. The MSCI Emerging Markets Index consists of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Russia, Poland, Qatar, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress vaneck.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

Best Quarter:

 

+59.06%

 

2Q ’09

Worst Quarter:

 

-38.59%

 

4Q ’08

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 59.06%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (38.59%)
Performance Table Market Index Changed rr_PerformanceTableMarketIndexChanged On April 1, 2017, the MSCI Emerging Markets Investable Markets Index (the “MSCI EM IMI”) replaced the MSCI Emerging Markets Index as the Fund’s broad-based benchmark index. The Fund changed indexes as it believes the MSCI EM IMI is more representative of the emerging markets all capitalization universe.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown These returns are shown for one class of shares only; after tax-returns for the other classes may vary.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/16
Emerging Markets Fund | MSCI Emerging Markets Investable Markets Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.30% [1]
5 Years rr_AverageAnnualReturnYear05 1.90% [1]
10 Years rr_AverageAnnualReturnYear10 2.40% [1]
Life of Class rr_AverageAnnualReturnSinceInception [1]
Emerging Markets Fund | MSCI Emerging Markets Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.60%
5 Years rr_AverageAnnualReturnYear05 1.64%
10 Years rr_AverageAnnualReturnYear10 2.17%
Emerging Markets Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none [2]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.53%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.53%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.53%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 722
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,031
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,361
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,294
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 722
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,031
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,361
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,294
Annual Return 2007 rr_AnnualReturn2007 35.66%
Annual Return 2008 rr_AnnualReturn2008 (68.12%)
Annual Return 2009 rr_AnnualReturn2009 120.37%
Annual Return 2010 rr_AnnualReturn2010 28.17%
Annual Return 2011 rr_AnnualReturn2011 (26.58%)
Annual Return 2012 rr_AnnualReturn2012 30.44%
Annual Return 2013 rr_AnnualReturn2013 11.31%
Annual Return 2014 rr_AnnualReturn2014 (0.70%)
Annual Return 2015 rr_AnnualReturn2015 (12.91%)
Annual Return 2016 rr_AnnualReturn2016 (0.43%)
1 Year rr_AverageAnnualReturnYear01 (6.18%)
5 Years rr_AverageAnnualReturnYear05 3.33%
10 Years rr_AverageAnnualReturnYear10 0.55%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 20, 1993
Emerging Markets Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (6.21%) [4]
5 Years rr_AverageAnnualReturnYear05 3.30% [4]
10 Years rr_AverageAnnualReturnYear10 0.19% [4]
Life of Class rr_AverageAnnualReturnSinceInception [4]
Emerging Markets Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (3.48%)
5 Years rr_AverageAnnualReturnYear05 2.58%
10 Years rr_AverageAnnualReturnYear10 0.44%
Emerging Markets Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.57%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.32%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 2.32%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 335
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 724
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,240
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,656
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 235
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 724
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,240
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,656
1 Year rr_AverageAnnualReturnYear01 (2.26%)
5 Years rr_AverageAnnualReturnYear05 3.67%
10 Years rr_AverageAnnualReturnYear10 0.36%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 03, 2003
Emerging Markets Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.41%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.16%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.16%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 353
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 623
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,395
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 102
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 353
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 623
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,395
1 Year rr_AverageAnnualReturnYear01 0.05%
5 Years rr_AverageAnnualReturnYear05 5.07%
Life of Class rr_AverageAnnualReturnSinceInception (1.53%)
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2007
Emerging Markets Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.46%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.21%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.11%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.10%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 112
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 373
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 654
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,456
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 112
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 373
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 654
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,456
1 Year rr_AverageAnnualReturnYear01 (0.03%)
5 Years rr_AverageAnnualReturnYear05 4.87%
Life of Class rr_AverageAnnualReturnSinceInception 1.87%
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 30, 2010
[1] On April 1, 2017, the MSCI Emerging Markets Investable Markets Index (the "MSCI EM IMI") replaced the MSCI Emerging Markets Index as the Fund's broad-based benchmark index. The Fund changed indexes as it believes the MSCI EM IMI is more representative of the emerging markets all capitalization universe.
[2] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
[3] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.60% for Class A, 2.50% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
[4] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
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Global Hard Assets Fund
Global Hard Assets Fund
INVESTMENT OBJECTIVE

The Global Hard Assets Fund seeks long-term capital appreciation by investing primarily in hard asset securities.

Income is a secondary consideration.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 32 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s SAI and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers”.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Global Hard Assets Fund
Class A
Class C
Class I
Class Y
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) none [1] 1.00% none none
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Global Hard Assets Fund
Class A
Class C
Class I
Class Y
Management Fees 1.00% 1.00% 1.00% 1.00%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none none
Other Expenses 0.25% 0.15% 0.05% 0.19%
Total Annual Fund Operating Expenses 1.50% 2.15% 1.05% 1.19%
Fee Waivers and/or Expense Reimbursements [1],[2] (0.12%) none (0.10%) (0.06%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements 1.38% 2.15% 0.95% 1.13%
[1] Fee Waivers and Expense Reimbursements of Class I have been restated to reflect current expense limitations.
[2] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.38% for Class A, 2.20% for Class C, 0.95% for Class I, and 1.13% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
Expense Example

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Sold
Expense Example - Global Hard Assets Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 707 1,011 1,336 2,253
Class C 318 673 1,154 2,483
Class I 97 324 570 1,274
Class Y 115 372 649 1,438
Held
Expense Example No Redemption - Global Hard Assets Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 707 1,011 1,336 2,253
Class C 218 673 1,154 2,483
Class I 97 324 570 1,274
Class Y 115 372 649 1,438
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 36% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

Under normal conditions, the Fund invests at least 80% of its net assets in securities of hard assets companies and instruments that derive their value from hard assets. Hard assets include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A hard assets company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to hard assets. The Fund concentrates its investments in the securities of hard assets companies and instruments that derive their value from hard assets.


The Fund may invest without limitation in any one hard assets sector and is not required to invest any portion of its assets in any one hard assets sector. The Fund may invest in securities of companies located anywhere in the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, and may invest any amount of its assets in emerging markets. The Fund may invest in securities of companies of any capitalization range. Utilizing qualitative and quantitative measures, the Fund’s investment management team selects equity securities of companies that it believes represent value opportunities and/or that have growth potential. Candidates for the Fund’s portfolio are evaluated based on their relative desirability using a wide range of criteria and are regularly reviewed to ensure that they continue to offer absolute and relative desirability.


The Fund may use derivative instruments, such as structured notes, warrants, currency forwards, futures contracts, options and swap agreements, to gain or hedge exposure to hard assets, hard assets companies and other assets. The Fund may enter into foreign currency transactions to attempt to moderate the effect of currency fluctuations. The Fund may write covered call options on portfolio securities to the extent that the value of all securities with respect to which covered calls are written does not exceed 10% of the Fund’s net asset value. The Fund may also invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

PRINCIPAL RISKS

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Canadian Issuers. The Canadian economy is very dependent on the demand for, and supply and price of, natural resources. The Canadian market is relatively concentrated in issuers involved in the production and distribution of natural resources. There is a risk that any changes in natural resources sectors could have an adverse impact on the Canadian economy. The Canadian economy is dependent on and may be significantly affected by the U.S. economy, given that the United States is Canada’s largest trading partner and foreign investor. Reduction in spending on Canadian products and services or changes in the U.S. economy may adversely impact the Canadian economy.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Direct Investments. Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency Transactions. An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. These fluctuations can make the return on an investment go up or down, entirely apart from the quality or performance of the investment itself.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Hard Assets Sectors. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the hard assets sectors (such as the energy and metals sectors). Precious metals and natural resources securities are at times volatile and there may be sharp fluctuations in prices, even during periods of rising prices.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.

PERFORMANCE

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the S&P® North American Natural Resources Sector Index represents U.S. traded securities that are classified under the GICS® energy and materials sector excluding the chemicals industry and steel sub-industry. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart

 

 

 

 

 

Best Quarter:

 

+23.42%

 

4Q ’10

Worst Quarter:

 

-35.78%

 

3Q ’08

Average Annual Total Returns as of 12/31/16
Average Annual Returns - Global Hard Assets Fund
1 Year
5 Years
10 Years
Life of Class
Inception Date
Class A 34.95% (3.85%) 0.57%   Nov. 02, 1994
Class C 41.08% (3.49%) 0.37%   Nov. 02, 1994
Class I 43.73% (2.34%) 1.56%   May 01, 2006
Class Y 43.55% (2.47%)   (1.76%) Apr. 30, 2010
After Taxes on Distributions | Class A [1] 34.94% (3.93%) 0.26%  
After Taxes on Distributions and Sale of Fund Shares | Class A 19.79% (2.84%) 0.53%    
S&P® North American Natural Resources Sector Index (reflects no deduction for fees, expenses, or taxes) 30.87% 1.26% 2.64%    
MSCI All Country World Index (reflects no deduction for fees, expenses or taxes) 8.49% 9.96% 4.12%    
[1] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
XML 15 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
Global Hard Assets Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Global Hard Assets Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Global Hard Assets Fund seeks long-term capital appreciation by investing primarily in hard asset securities.

Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock

Income is a secondary consideration.

Expense [Heading] rr_ExpenseHeading FUND FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 32 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s SAI and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers”.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 36% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 36.00%
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal conditions, the Fund invests at least 80% of its net assets in securities of hard assets companies and instruments that derive their value from hard assets. Hard assets include precious metals (including gold), base and industrial metals, energy, natural resources and other commodities. A hard assets company is a company that derives, directly or indirectly, at least 50% of its revenues from exploration, development, production, distribution or facilitation of processes relating to hard assets. The Fund concentrates its investments in the securities of hard assets companies and instruments that derive their value from hard assets.


The Fund may invest without limitation in any one hard assets sector and is not required to invest any portion of its assets in any one hard assets sector. The Fund may invest in securities of companies located anywhere in the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, and may invest any amount of its assets in emerging markets. The Fund may invest in securities of companies of any capitalization range. Utilizing qualitative and quantitative measures, the Fund’s investment management team selects equity securities of companies that it believes represent value opportunities and/or that have growth potential. Candidates for the Fund’s portfolio are evaluated based on their relative desirability using a wide range of criteria and are regularly reviewed to ensure that they continue to offer absolute and relative desirability.


The Fund may use derivative instruments, such as structured notes, warrants, currency forwards, futures contracts, options and swap agreements, to gain or hedge exposure to hard assets, hard assets companies and other assets. The Fund may enter into foreign currency transactions to attempt to moderate the effect of currency fluctuations. The Fund may write covered call options on portfolio securities to the extent that the value of all securities with respect to which covered calls are written does not exceed 10% of the Fund’s net asset value. The Fund may also invest up to 20% of its net assets in securities issued by other investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Canadian Issuers. The Canadian economy is very dependent on the demand for, and supply and price of, natural resources. The Canadian market is relatively concentrated in issuers involved in the production and distribution of natural resources. There is a risk that any changes in natural resources sectors could have an adverse impact on the Canadian economy. The Canadian economy is dependent on and may be significantly affected by the U.S. economy, given that the United States is Canada’s largest trading partner and foreign investor. Reduction in spending on Canadian products and services or changes in the U.S. economy may adversely impact the Canadian economy.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Direct Investments. Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency Transactions. An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. These fluctuations can make the return on an investment go up or down, entirely apart from the quality or performance of the investment itself.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Hard Assets Sectors. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the hard assets sectors (such as the energy and metals sectors). Precious metals and natural resources securities are at times volatile and there may be sharp fluctuations in prices, even during periods of rising prices.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.

Risk Lose Money [Text] rr_RiskLoseMoney The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the S&P® North American Natural Resources Sector Index represents U.S. traded securities that are classified under the GICS® energy and materials sector excluding the chemicals industry and steel sub-industry. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress vaneck.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

Best Quarter:

 

+23.42%

 

4Q ’10

Worst Quarter:

 

-35.78%

 

3Q ’08

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.42%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (35.78%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown These returns are shown for one class of shares only; after tax-returns for the other classes may vary.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/16
Global Hard Assets Fund | S&P® North American Natural Resources Sector Index (reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 30.87%
5 Years rr_AverageAnnualReturnYear05 1.26%
10 Years rr_AverageAnnualReturnYear10 2.64%
Global Hard Assets Fund | MSCI All Country World Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.49%
5 Years rr_AverageAnnualReturnYear05 9.96%
10 Years rr_AverageAnnualReturnYear10 4.12%
Global Hard Assets Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.25%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.50%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [2],[3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.38%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 707
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,011
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,336
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,253
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 707
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,011
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,336
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,253
Annual Return 2007 rr_AnnualReturn2007 42.62%
Annual Return 2008 rr_AnnualReturn2008 (44.68%)
Annual Return 2009 rr_AnnualReturn2009 52.46%
Annual Return 2010 rr_AnnualReturn2010 28.43%
Annual Return 2011 rr_AnnualReturn2011 (16.63%)
Annual Return 2012 rr_AnnualReturn2012 2.49%
Annual Return 2013 rr_AnnualReturn2013 10.74%
Annual Return 2014 rr_AnnualReturn2014 (19.41%)
Annual Return 2015 rr_AnnualReturn2015 (33.42%)
Annual Return 2016 rr_AnnualReturn2016 43.17%
1 Year rr_AverageAnnualReturnYear01 34.95%
5 Years rr_AverageAnnualReturnYear05 (3.85%)
10 Years rr_AverageAnnualReturnYear10 0.57%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 02, 1994
Global Hard Assets Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 34.94% [4]
5 Years rr_AverageAnnualReturnYear05 (3.93%) [4]
10 Years rr_AverageAnnualReturnYear10 0.26% [4]
Life of Class rr_AverageAnnualReturnSinceInception [4]
Global Hard Assets Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 19.79%
5 Years rr_AverageAnnualReturnYear05 (2.84%)
10 Years rr_AverageAnnualReturnYear10 0.53%
Global Hard Assets Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.15%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2],[3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 2.15%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 318
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 673
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,154
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,483
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 218
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 673
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,154
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,483
1 Year rr_AverageAnnualReturnYear01 41.08%
5 Years rr_AverageAnnualReturnYear05 (3.49%)
10 Years rr_AverageAnnualReturnYear10 0.37%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 02, 1994
Global Hard Assets Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.05%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.05%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2],[3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 0.95%
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Fee Waivers and Expense Reimbursements of Class I have been restated to reflect current expense limitations.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 97
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 324
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 570
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,274
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 97
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 324
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 570
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,274
1 Year rr_AverageAnnualReturnYear01 43.73%
5 Years rr_AverageAnnualReturnYear05 (2.34%)
10 Years rr_AverageAnnualReturnYear10 1.56%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2006
Global Hard Assets Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.19%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.19%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2],[3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.13%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 115
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 372
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 649
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,438
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 115
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 372
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 649
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,438
1 Year rr_AverageAnnualReturnYear01 43.55%
5 Years rr_AverageAnnualReturnYear05 (2.47%)
Life of Class rr_AverageAnnualReturnSinceInception (1.76%)
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 30, 2010
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
[2] Fee Waivers and Expense Reimbursements of Class I have been restated to reflect current expense limitations.
[3] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.38% for Class A, 2.20% for Class C, 0.95% for Class I, and 1.13% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
[4] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
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XML 18 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
International Investors Gold Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading International Investors Gold Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The International Investors Gold Fund seeks long-term capital appreciation by investing in common stocks of gold-mining companies. The Fund may take current income into consideration when choosing investments.

Expense [Heading] rr_ExpenseHeading FUND FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 32 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s SAI and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 28% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 28.00%
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion. A company principally engaged in gold-related activities is one that derives at least 50% of its revenues from gold-related activities, including the exploration, mining or processing of or dealing in gold. The Fund concentrates its investments in the gold-mining industry and therefore invests 25% or more of its total assets in such industry. The Fund is considered to be “non-diversified” which means that it may invest a larger portion of its assets in a single issuer.


The Fund invests in securities of companies with economic ties to countries throughout the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, which may include emerging market countries. The Fund may invest in non-U.S. dollar denominated securities, which are subject to fluctuations in currency exchange rates, and securities of companies of any capitalization range. The Fund primarily invests in companies that the portfolio manager believes represent value opportunities and/or that have growth potential within their market niche, through their ability to increase production capacity at reasonable cost or make gold discoveries around the world. The portfolio manager utilizes both a macro-economic examination of gold market themes and a fundamental analysis of prospective companies in the search for value and growth opportunities.


The Fund may invest up to 25% of its net assets, as of the date of the investment, in gold and silver coins, gold, silver, platinum and palladium bullion and exchange-traded funds (“ETFs”) that invest primarily in such coins and bullion and derivatives on the foregoing. The Fund’s investments in coins and bullion will not earn income, and the sole source of return to the Fund from these investments will be from gains or losses realized on the sale of such investments.


The Fund may gain exposure to gold bullion and other metals by investing up to 25% of the Fund’s total assets in a wholly owned subsidiary of the Fund (the “Subsidiary”). The Subsidiary primarily invests in gold bullion, gold futures and other instruments that provide direct or indirect exposure to gold, including ETFs, and also may invest in silver, platinum and palladium bullion and futures. The Subsidiary (unlike the Fund) may invest without limitation in these investments. The Fund will “look-through” the Subsidiary to the Subsidiary’s underlying investments for determining compliance with the Fund’s investment policies. For tax reasons, it may be advantageous for the Fund to create and maintain its exposure to the commodity markets, in whole or in part, by investing in the Subsidiary. The portfolio of the Subsidiary is managed by the Adviser for the exclusive benefit of the Fund.


The Fund may use derivative instruments, such as structured notes, futures, options, warrants, currency forwards and swap agreements, to gain or hedge exposure. The Fund may invest up to 20% of its net assets in securities issued by other investment companies, including ETFs. The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Canadian Issuers. The Canadian economy is very dependent on the demand for, and supply and price of, natural resources. The Canadian market is relatively concentrated in issuers involved in the production and distribution of natural resources. There is a risk that any changes in natural resources sectors could have an adverse impact on the Canadian economy. The Canadian economy is dependent on and may be significantly affected by the U.S. economy, given that the United States is Canada’s largest trading partner and foreign investor. Reduction in spending on Canadian products and services or changes in the U.S. economy may adversely impact the Canadian economy.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Concentration in Gold-Mining Industry. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of industries. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the gold industry. Fluctuations in the price of gold often dramatically affect the profitability of companies in the gold industry.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Direct Investments. Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency Transactions. An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. These fluctuations can make the return on an investment go up or down, entirely apart from the quality or performance of the investment itself.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Non-Diversification. A non-diversified fund’s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund’s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Regulatory. Changes in the laws or regulations of the United States or the Cayman Islands, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund or the Subsidiary. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. In addition, the CFTC or the SEC could at any time alter the regulatory requirements governing the use of commodity futures, options on commodity futures, structured notes or swap transactions by investment companies, which could result in the inability of the Fund to achieve its investment objective through its current strategies.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.


Subsidiary. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in this prospectus, is not subject to all the investor protections of the 1940 Act.

Risk Lose Money [Text] rr_RiskLoseMoney The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus A non-diversified fund’s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund’s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the NYSE Arca Gold Miners Index is a modified market capitalization-weighted index comprised of publicly traded companies primarily involved in the mining of gold and silver in locations around the world. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress vaneck.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

Best Quarter:

 

+46.89%

 

2Q ’16

Worst Quarter:

 

-33.43%

 

2Q ’13

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 46.89%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (33.43%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown These returns are shown for one class of shares only; after tax-returns for the other classes may vary.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/16
International Investors Gold Fund | NYSE Arca Gold Miners Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 54.35%
5 Years rr_AverageAnnualReturnYear05 (15.40%)
10 Years rr_AverageAnnualReturnYear10 (5.14%)
International Investors Gold Fund | MSCI All Country World Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.49%
5 Years rr_AverageAnnualReturnYear05 9.96%
10 Years rr_AverageAnnualReturnYear10 4.12%
International Investors Gold Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.71%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.35%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.35%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 705
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 978
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,272
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,105
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 705
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 978
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,272
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,105
Annual Return 2007 rr_AnnualReturn2007 27.41%
Annual Return 2008 rr_AnnualReturn2008 (29.03%)
Annual Return 2009 rr_AnnualReturn2009 63.75%
Annual Return 2010 rr_AnnualReturn2010 50.99%
Annual Return 2011 rr_AnnualReturn2011 (21.52%)
Annual Return 2012 rr_AnnualReturn2012 (9.61%)
Annual Return 2013 rr_AnnualReturn2013 (48.91%)
Annual Return 2014 rr_AnnualReturn2014 (6.10%)
Annual Return 2015 rr_AnnualReturn2015 (24.63%)
Annual Return 2016 rr_AnnualReturn2016 53.12%
1 Year rr_AverageAnnualReturnYear01 44.27%
5 Years rr_AverageAnnualReturnYear05 (13.95%)
10 Years rr_AverageAnnualReturnYear10 (1.88%)
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 10, 1956
International Investors Gold Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 40.29% [3]
5 Years rr_AverageAnnualReturnYear05 (14.53%) [3]
10 Years rr_AverageAnnualReturnYear10 (3.19%) [3]
Life of Class rr_AverageAnnualReturnSinceInception [3]
International Investors Gold Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 24.99%
5 Years rr_AverageAnnualReturnYear05 (9.88%)
10 Years rr_AverageAnnualReturnYear10 (1.12%)
International Investors Gold Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.71%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.10%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets none [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 2.10%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 313
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 658
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,129
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,431
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 213
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 658
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,129
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,431
1 Year rr_AverageAnnualReturnYear01 51.00%
5 Years rr_AverageAnnualReturnYear05 (13.59%)
10 Years rr_AverageAnnualReturnYear10 (2.03%)
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 03, 2003
International Investors Gold Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.71%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.01%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.01%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 321
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 557
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,235
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 102
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 321
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 557
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,235
1 Year rr_AverageAnnualReturnYear01 53.63%
5 Years rr_AverageAnnualReturnYear05 (12.55%)
10 Years rr_AverageAnnualReturnYear10 0.51%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 02, 2006
International Investors Gold Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.71%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.40%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.11%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.01%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements rr_NetExpensesOverAssets 1.10%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 112
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 352
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 611
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,351
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 112
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 352
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 611
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,351
1 Year rr_AverageAnnualReturnYear01 53.49%
5 Years rr_AverageAnnualReturnYear05 (12.67%)
Life of Class rr_AverageAnnualReturnSinceInception (9.09%)
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 30, 2010
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
[2] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.45% for Class A, 2.20% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
[3] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
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Unconstrained Emerging Markets Bond Fund
Unconstrained Emerging Markets Bond Fund
INVESTMENT OBJECTIVE

The Unconstrained Emerging Markets Bond Fund seeks total return, consisting of income and capital appreciation.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 18 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Unconstrained Emerging Markets Bond Fund
Class A
Class C
Class I
Class Y
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) none [1] 1.00% none none
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Unconstrained Emerging Markets Bond Fund
Class A
Class C
Class I
Class Y
Management Fees 0.80% 0.80% 0.80% 0.80%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none none
Other Expenses 0.63% 1.21% 0.16% 0.39%
Total Annual Fund Operating Expenses 1.68% 3.01% 0.96% 1.19%
Fees Waivers and/or Expense Reimbursements [1] (0.43%) (1.06%) (0.01%) (0.19%)
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.25% 1.95% 0.95% 1.00%
[1] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.25% for Class A, 1.95% for Class C, 0.95% for Class I, and 1.00% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
Expense Example

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Sold
Expense Example - Unconstrained Emerging Markets Bond Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 695 1,035 1,397 2,414
Class C 298 831 1,489 3,253
Class I 97 305 530 1,177
Class Y 102 359 636 1,426
Held
Expense Example No Redemption - Unconstrained Emerging Markets Bond Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 695 1,035 1,397 2,414
Class C 198 831 1,489 3,253
Class I 97 305 530 1,177
Class Y 102 359 636 1,426
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 546% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

Under normal conditions, the Fund invests at least 80% of its net assets in emerging market debt securities. An instrument will qualify as an emerging market debt security if it is either (i) issued by an emerging market government, quasi-government or corporate entity (regardless of the currency in which it is denominated) or (ii) denominated in the currency of an emerging market country (regardless of the location of the issuer). The Fund may also invest in non-emerging market debt securities. There is no limit on the amount the Fund may invest in one country or in securities denominated in one currency. The Fund may also invest in debt securities rated below investment grade (“junk bonds”). The Fund is considered to be “non-diversified” which means that it may invest a larger portion of its assets in a single issuer. The Fund may engage in active and frequent trading of portfolio securities.


The Fund invests in debt issued in emerging market and developed market currencies by governments and government-owned, controlled, or related entities (and their agencies and subdivisions), and by corporations. The Fund may invest in corporate bonds, debentures, notes, commercial paper, time deposits, and certificates of deposit, as well as debt obligations, which may have a call on a common stock or commodity by means of a conversion privilege or attached warrants.


The Fund may also invest in emerging market or developed market currencies. The Fund may use derivative instruments denominated in any currency to enhance return, hedge (or protect) the value of its assets against adverse movements in commodity prices, currency exchange rates, interest rates and movements in the securities markets, manage certain investment risks and/or as a substitute for the purchase or sale of securities, currencies or commodities. The Fund may also use derivative instruments to implement “cross-hedging” strategies, which involve the use of one currency to hedge against the decline in the value of another currency, or to hedge the value of a currency that is embedded in the value of another currency (for example, the value of the Euro that may be embedded in the Polish zloty). The Fund expects to use forward currency contracts; futures on securities, indices, currencies, commodities, swaps and other investments; options; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps. The Fund may also invest in credit-linked notes. The notional value of a cash-settled forward currency contract or other derivative instrument on an emerging market currency (or a currency that is embedded in an emerging market currency) or security (including any security that is a reference security for a credit default swap) will be treated as an emerging market debt security for purposes of complying with the Fund’s policy of investing at least 80% of its net assets in emerging market debt securities.


The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries and currencies that the Fund will invest in based on the Adviser’s evaluation of economic fundamentals, legal structure, political developments and other specific factors the Adviser believes to be relevant. The Fund’s investment strategy normalizes countries’ economic fundamentals and compares them to the valuations of the relevant asset prices, particularly the relevant currency’s valuation, the relevant currency’s interest rate, and the relevant hard-currency security’s credit spread. The Fund may invest in instruments whose return is based on the return of an emerging market security such as a derivative instrument, rather than investing directly in emerging market securities.


The Fund’s holdings may include issues denominated in currencies of emerging countries, investment companies (like country funds) that invest in emerging countries, and American Depositary Receipts, and similar types of investments, representing emerging market securities. The Fund may purchase securities of any maturity or duration. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point.


The Fund may invest up to 20% of its net assets in securities issued by other investment companies (each an “Underlying Fund”), including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

PRINCIPAL RISKS

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Below Investment Grade Securities. Below investment grade securities (sometimes referred to as “junk bonds”) are more speculative than higher-rated securities. These securities have a much greater risk of default and may be more volatile than higher-rated securities of similar maturity. These securities may be less liquid and more difficult to value than higher-rated securities.


Credit. Credit risk is the risk that the issuer or guarantor of a debt security or the counterparty to an over-the-counter contract (including many derivatives) will be unable or unwilling to make timely principal, interest or settlement payments or otherwise honor its obligations. The Fund invests in debt securities that are subject to varying degrees of risk that the issuers of the securities will have their credit ratings downgraded or will default, potentially reducing the value of the securities.


Currency Management Strategies. Currency management strategies, including the use of forward currency contracts and other derivatives, may substantially change the Fund’s exposure to currencies and currency exchange rates and could result in losses to the Fund if currencies do not perform as the Adviser anticipates.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates. Debt securities with longer durations have higher risk and volatility.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency. Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Hedging. Losses or gains generated by a derivative or other instrument or practice used by the Fund for hedging purposes (including for hedging interest rate risk and credit risk) should be substantially offset by gains or losses on the hedged investment. However, the Fund is exposed to the risk that changes in the value of a hedging instrument will not match those of the investment being hedged.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Latin American Issuers. Investments in securities of Latin American issuers involve special considerations not typically associated with investments in securities of issuers located in the United States. The economies of certain Latin American countries have, at times, experienced high interest rates, economic volatility, inflation, currency devaluations and high unemployment rates. In addition, commodities (such as oil, gas and minerals) represent a significant percentage of the region’s exports and many economies in this region are particularly sensitive to fluctuations in commodity prices. Adverse economic events in one country may have a significant adverse effect on other countries of this region. Most Latin American countries have experienced, at one time or another, severe and persistent levels of inflation, including, in some cases, hyperinflation. This has, in turn, led to high interest rates, extreme measures by governments to keep inflation in check, and a generally debilitating effect on economic growth.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Non-Diversification. A non-diversified fund’s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund’s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.


Portfolio Turnover. The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund’s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund’s return.


Sectors. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the energy and sovereign bond sectors.

PERFORMANCE

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the 50% J.P. Morgan Emerging Market Bond Index Global Diversified Index/50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified Index, shown in the table, is a blended, unmanaged index created by the Adviser. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Class A: Annual Total Returns (%) as of 12/31
Bar Chart

 

 

 

 

 

Best Quarter:

 

+5.64%

 

2Q ’14

Worst Quarter:

 

-11.07%

 

2Q ’13

Average Annual Total Returns as of 12/31/16
Average Annual Returns - Unconstrained Emerging Markets Bond Fund
1 Year
Life of Class
Inception Date
Class A (0.11%) (1.58%) Jul. 09, 2012
Class C 4.45% (0.98%) Jul. 09, 2012
Class I 6.45% 0.02% Jul. 09, 2012
Class Y 6.32% (0.07%) Jul. 09, 2012
After Taxes on Distributions | Class A [1] (1.12%) (2.62%)  
After Taxes on Distributions and Sale of Fund Shares | Class A (0.06%) (1.59%)  
50% J.P. Morgan Emerging Market Bond Index Global Diversified Index/50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified Index (reflects no deduction for fees, expenses or taxes) 10.15%    
J.P. Morgan Government Bond Index-Emerging Markets Global Diversified Index (reflects no deduction for fees, expenses or taxes) 9.94% (2.82%)  
J.P. Morgan Emerging Market Bond Index Global Diversified® Index (reflects no deduction for fees, expenses or taxes) 10.15% 4.73%  
[1] After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after-tax returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
XML 21 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
Unconstrained Emerging Markets Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Unconstrained Emerging Markets Bond Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Unconstrained Emerging Markets Bond Fund seeks total return, consisting of income and capital appreciation.

Expense [Heading] rr_ExpenseHeading FUND FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 18 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 546% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 546.00%
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal conditions, the Fund invests at least 80% of its net assets in emerging market debt securities. An instrument will qualify as an emerging market debt security if it is either (i) issued by an emerging market government, quasi-government or corporate entity (regardless of the currency in which it is denominated) or (ii) denominated in the currency of an emerging market country (regardless of the location of the issuer). The Fund may also invest in non-emerging market debt securities. There is no limit on the amount the Fund may invest in one country or in securities denominated in one currency. The Fund may also invest in debt securities rated below investment grade (“junk bonds”). The Fund is considered to be “non-diversified” which means that it may invest a larger portion of its assets in a single issuer. The Fund may engage in active and frequent trading of portfolio securities.


The Fund invests in debt issued in emerging market and developed market currencies by governments and government-owned, controlled, or related entities (and their agencies and subdivisions), and by corporations. The Fund may invest in corporate bonds, debentures, notes, commercial paper, time deposits, and certificates of deposit, as well as debt obligations, which may have a call on a common stock or commodity by means of a conversion privilege or attached warrants.


The Fund may also invest in emerging market or developed market currencies. The Fund may use derivative instruments denominated in any currency to enhance return, hedge (or protect) the value of its assets against adverse movements in commodity prices, currency exchange rates, interest rates and movements in the securities markets, manage certain investment risks and/or as a substitute for the purchase or sale of securities, currencies or commodities. The Fund may also use derivative instruments to implement “cross-hedging” strategies, which involve the use of one currency to hedge against the decline in the value of another currency, or to hedge the value of a currency that is embedded in the value of another currency (for example, the value of the Euro that may be embedded in the Polish zloty). The Fund expects to use forward currency contracts; futures on securities, indices, currencies, commodities, swaps and other investments; options; and interest rate swaps, cross-currency swaps, total return swaps and credit default swaps. The Fund may also invest in credit-linked notes. The notional value of a cash-settled forward currency contract or other derivative instrument on an emerging market currency (or a currency that is embedded in an emerging market currency) or security (including any security that is a reference security for a credit default swap) will be treated as an emerging market debt security for purposes of complying with the Fund’s policy of investing at least 80% of its net assets in emerging market debt securities.


The Adviser has broad discretion to identify countries that it considers to qualify as emerging markets. The Adviser selects emerging market countries and currencies that the Fund will invest in based on the Adviser’s evaluation of economic fundamentals, legal structure, political developments and other specific factors the Adviser believes to be relevant. The Fund’s investment strategy normalizes countries’ economic fundamentals and compares them to the valuations of the relevant asset prices, particularly the relevant currency’s valuation, the relevant currency’s interest rate, and the relevant hard-currency security’s credit spread. The Fund may invest in instruments whose return is based on the return of an emerging market security such as a derivative instrument, rather than investing directly in emerging market securities.


The Fund’s holdings may include issues denominated in currencies of emerging countries, investment companies (like country funds) that invest in emerging countries, and American Depositary Receipts, and similar types of investments, representing emerging market securities. The Fund may purchase securities of any maturity or duration. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point.


The Fund may invest up to 20% of its net assets in securities issued by other investment companies (each an “Underlying Fund”), including exchange-traded funds (“ETFs”). The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Below Investment Grade Securities. Below investment grade securities (sometimes referred to as “junk bonds”) are more speculative than higher-rated securities. These securities have a much greater risk of default and may be more volatile than higher-rated securities of similar maturity. These securities may be less liquid and more difficult to value than higher-rated securities.


Credit. Credit risk is the risk that the issuer or guarantor of a debt security or the counterparty to an over-the-counter contract (including many derivatives) will be unable or unwilling to make timely principal, interest or settlement payments or otherwise honor its obligations. The Fund invests in debt securities that are subject to varying degrees of risk that the issuers of the securities will have their credit ratings downgraded or will default, potentially reducing the value of the securities.


Currency Management Strategies. Currency management strategies, including the use of forward currency contracts and other derivatives, may substantially change the Fund’s exposure to currencies and currency exchange rates and could result in losses to the Fund if currencies do not perform as the Adviser anticipates.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates. Debt securities with longer durations have higher risk and volatility.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency. Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Hedging. Losses or gains generated by a derivative or other instrument or practice used by the Fund for hedging purposes (including for hedging interest rate risk and credit risk) should be substantially offset by gains or losses on the hedged investment. However, the Fund is exposed to the risk that changes in the value of a hedging instrument will not match those of the investment being hedged.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Latin American Issuers. Investments in securities of Latin American issuers involve special considerations not typically associated with investments in securities of issuers located in the United States. The economies of certain Latin American countries have, at times, experienced high interest rates, economic volatility, inflation, currency devaluations and high unemployment rates. In addition, commodities (such as oil, gas and minerals) represent a significant percentage of the region’s exports and many economies in this region are particularly sensitive to fluctuations in commodity prices. Adverse economic events in one country may have a significant adverse effect on other countries of this region. Most Latin American countries have experienced, at one time or another, severe and persistent levels of inflation, including, in some cases, hyperinflation. This has, in turn, led to high interest rates, extreme measures by governments to keep inflation in check, and a generally debilitating effect on economic growth.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Non-Diversification. A non-diversified fund’s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund’s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.


Portfolio Turnover. The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund’s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund’s return.


Sectors. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of sectors. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the energy and sovereign bond sectors.

Risk Lose Money [Text] rr_RiskLoseMoney The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus A non-diversified fund’s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund’s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the 50% J.P. Morgan Emerging Market Bond Index Global Diversified Index/50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified Index, shown in the table, is a blended, unmanaged index created by the Adviser. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown. Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress vaneck.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Class A: Annual Total Returns (%) as of 12/31
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

Best Quarter:

 

+5.64%

 

2Q ’14

Worst Quarter:

 

-11.07%

 

2Q ’13

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2014
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 5.64%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (11.07%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown These returns are shown for one class of shares only; after-tax returns for the other classes may vary.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/16
Unconstrained Emerging Markets Bond Fund | 50% J.P. Morgan Emerging Market Bond Index Global Diversified Index/50% J.P. Morgan Government Bond Index-Emerging Markets Global Diversified Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.15%
Unconstrained Emerging Markets Bond Fund | J.P. Morgan Government Bond Index-Emerging Markets Global Diversified Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.94%
Life of Class rr_AverageAnnualReturnSinceInception (2.82%)
Unconstrained Emerging Markets Bond Fund | J.P. Morgan Emerging Market Bond Index Global Diversified® Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.15%
Life of Class rr_AverageAnnualReturnSinceInception 4.73%
Unconstrained Emerging Markets Bond Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.63%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.68%
Fees Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.43%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 1.25%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 695
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,035
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,397
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,414
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 695
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,035
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,397
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,414
Annual Return 2013 rr_AnnualReturn2013 (4.70%)
Annual Return 2014 rr_AnnualReturn2014 1.83%
Annual Return 2015 rr_AnnualReturn2015 (13.60%)
Annual Return 2016 rr_AnnualReturn2016 6.06%
1 Year rr_AverageAnnualReturnYear01 (0.11%)
Life of Class rr_AverageAnnualReturnSinceInception (1.58%)
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 09, 2012
Unconstrained Emerging Markets Bond Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (1.12%) [3]
Life of Class rr_AverageAnnualReturnSinceInception (2.62%) [3]
Unconstrained Emerging Markets Bond Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (0.06%)
Life of Class rr_AverageAnnualReturnSinceInception (1.59%)
Unconstrained Emerging Markets Bond Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.21%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.01%
Fees Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.06%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 1.95%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 298
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 831
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,489
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,253
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 198
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 831
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,489
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,253
1 Year rr_AverageAnnualReturnYear01 4.45%
Life of Class rr_AverageAnnualReturnSinceInception (0.98%)
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 09, 2012
Unconstrained Emerging Markets Bond Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.16%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.96%
Fees Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.01%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.95%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 97
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 305
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 530
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,177
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 97
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 305
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 530
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,177
1 Year rr_AverageAnnualReturnYear01 6.45%
Life of Class rr_AverageAnnualReturnSinceInception 0.02%
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 09, 2012
Unconstrained Emerging Markets Bond Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.39%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.19%
Fees Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 1.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 359
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 636
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,426
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 102
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 359
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 636
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,426
1 Year rr_AverageAnnualReturnYear01 6.32%
Life of Class rr_AverageAnnualReturnSinceInception (0.07%)
Inception Date rr_AverageAnnualReturnInceptionDate Jul. 09, 2012
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
[2] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.25% for Class A, 1.95% for Class C, 0.95% for Class I, and 1.00% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
[3] After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after-tax returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
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CM Commodity Index Fund
CM Commodity Index Fund
INVESTMENT OBJECTIVE

The CM Commodity Index Fund seeks to track, before fees and expenses, the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 20 of this prospectus, in the “Availability of Discounts” section on page 32 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix C to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - CM Commodity Index Fund
Class A
Class I
Class Y
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) none [1] none none
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - CM Commodity Index Fund
Class A
Class I
Class Y
Management Fees 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% none none
Other Expenses 0.31% 0.16% 0.24%
Total Annual Fund Operating Expenses 1.31% 0.91% 0.99%
Fee Waivers and/or Expense Reimbursements [1] (0.36%) (0.26%) (0.29%)
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 0.95% 0.65% 0.70%
[1] Van Eck Absolute Return Advisers Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
Expense Example

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Sold
Expense Example - CM Commodity Index Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 666 933 1,219 2,034
Class I 66 264 478 1,096
Class Y 72 286 519 1,187
Held
Expense Example No Redemption - CM Commodity Index Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 666 933 1,219 2,034
Class I 66 264 478 1,096
Class Y 72 286 519 1,187
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 0% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund seeks to achieve its investment objective by investing in instruments that derive their value from the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index (the “CMCI”), as described below, and in bonds, debt securities and other fixed income instruments (“Fixed Income Instruments”) issued by various U.S. public- or private-sector entities. The Fund invests in commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity futures contracts and options on futures contracts that provide economic exposure to the investment returns of the commodities markets, as represented by the CMCI and its constituents. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. A commodity-linked derivative is a derivative instrument whose value is linked to the movement of a commodity, commodity index, commodity option or futures contract. The value of commodity-linked derivative instruments may be affected by overall market movements and other factors affecting the value of a particular industry or commodity, such as weather, disease, embargoes, or political and regulatory developments.


The CMCI is a rules-based, composite benchmark index diversified across 27 commodity components from the following five sectors: energy, precious metals, industrial metals, agriculture and livestock. The CMCI is comprised of futures contracts with maturities ranging from three months up to a maximum of about three years for each commodity, depending on liquidity. The return of the CMCI reflects a combination of (i) the returns on the futures contracts comprising the CMCI; and (ii) the fixed-income return that would be earned on a hypothetical portfolio of 13-week U.S. Treasury bills theoretically deposited as full collateral for the notional exposure of hypothetical positions in the futures contracts comprising the CMCI. The selection and relative weightings of the components of the CMCI are designed to reflect the economic significance and market liquidity of each commodity, as determined based on global economic data, consumption data, commodity futures prices, open interest and volume data. The maturity of each commodity component in the CMCI remains fixed at a predefined time interval at all times by means of a continuous rolling process, in which a weighted percentage of shorter dated contracts for each commodity are swapped for longer dated contracts on a daily basis. The CMCI is rebalanced monthly back to the target weightings of the commodity components of the CMCI and the target weightings of all commodity components are revised once per year. A more detailed description of the CMCI is contained in Appendix A to the prospectus.


The Fund will seek to track the returns of the CMCI by entering into swap contracts and commodity index-linked notes with one or more counterparties, which contracts and notes will rise and fall in value in response to changes in the value of the CMCI. As of the date of this prospectus, UBS was the only available counterparty with which the Fund may enter into such swap contracts on the CMCI. The Fund may enter into such contracts and notes directly or indirectly through a wholly owned subsidiary of the Fund (the “Subsidiary”). Commodity index-linked notes are derivative debt instruments with principal and/or coupon payments linked to the performance of commodity indices (such as the CMCI). These commodity index-linked notes are sometimes referred to as “structured notes” because the terms of these notes may be structured by the issuer and the purchaser of the note. The Fund may also seek to gain exposure to the individual commodity components of the CMCI by investing in futures contracts that comprise the CMCI, either directly or indirectly through the Subsidiary.


For tax reasons, it may be advantageous for the Fund to create and maintain its exposure to the commodity markets, in whole or in part, by investing in the Subsidiary. The Subsidiary is managed by the Adviser for the exclusive benefit of the Fund. As discussed in greater detail elsewhere in this prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements and other commodity-linked derivative instruments including futures. The Fund may invest up to 25% of its assets in the Subsidiary.


The derivative instruments in which the Fund and the Subsidiary primarily intend to invest are instruments linked to commodity indices, such as the CMCI, and instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts. These instruments may specify exposure to commodity futures with different roll dates, reset dates or contract months than those specified by a particular commodity index. As a result, the commodity-linked derivatives component of the Fund’s portfolio may deviate from the returns of any particular commodity index. The Fund or the Subsidiary may over-weight or under-weight its exposure to a particular commodity index, or a subset of commodities, such that the Fund has greater or lesser exposure to that index than the value of the Fund’s net assets, or greater or lesser exposure to a subset of commodities than is represented by a particular commodity index. Such deviations may be the result of temporary market fluctuations, and under normal circumstances, the Fund will seek to maintain notional exposure to one or more commodity indices within 5% (plus or minus) of the value of the Fund’s net assets. To the extent the CMCI is concentrated in a particular industry (or one or more commodities that comprise an industry) the Fund will necessarily be concentrated in that industry.


Assets not invested in commodity-linked derivative instruments or the Subsidiary may be invested in Fixed Income Instruments, including derivative Fixed Income Instruments.


The average duration of the portfolio of Fixed Income Instruments will vary based on interest rates and, under normal market conditions, is not expected to exceed five years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point. The Fund will invest primarily in securities of the U.S. Government and its agencies and investment grade bonds of private issuers rated Baa or higher or, if unrated, determined by the Adviser to be of comparable quality. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy back or dollar rolls, repurchase agreements or reverse repurchase agreements). The Fund may also invest, without limitation, in money market funds.

PRINCIPAL RISKS

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Counterparty. A loss may be sustained as a result of the failure of another party to a contract (usually referred to as a “counterparty”) to make required payments or otherwise comply with a contract’s terms. The Fund also bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty. In addition, the Fund may enter into swap agreements with a limited number of counterparties, and as of the date of this prospectus, UBS was the only available counterparty with which the Fund may enter into such swap contracts on the CMCI. The Fund may invest in commodity-linked structured notes issued by a limited number of issuers that will act as counterparties. The Fund’s use of one or a limited number of counterparties and its investments in commodity-linked structured notes issued by only a limited number of issuers increases the Fund’s exposure to counterparty credit risk. Swap agreements also may be considered to be illiquid. Further, there is a risk that no suitable counterparties are willing to enter into, or continue to enter into, transactions with the Fund and, as a result, the Fund may not be able to achieve its investment objective.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates. Debt securities with longer durations have higher risk and volatility.


Derivatives. The use of swap agreements, options, futures contracts and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, commodity, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Industry Concentration. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of industries. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting a particular industry.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities, commodities and related instruments that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities and commodities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Regulatory. Changes in the laws or regulations of the United States or the Cayman Islands, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund or the Subsidiary. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. As a result of the amendments and, based on the Fund’s and its Subsidiary’s current investment strategies, the Fund and the Subsidiary are each a “commodity pool” and the Adviser is considered a “commodity pool operator” (“CPO”) with respect to the Fund and the Subsidiary under the CEA. Accordingly, the Fund and the Adviser are subject to dual regulation by the CFTC and the SEC. In August 2013, the CFTC adopted regulations that seek to “harmonize” CFTC regulations with overlapping SEC rules and regulations. Pursuant to the CFTC harmonization regulations, the Fund and the Adviser may elect to meet the requirements of certain CFTC regulations by complying with specific SEC rules and regulations relating to disclosure and reporting requirements. The CFTC could deem the Fund or the Adviser in violation of an applicable CFTC regulation if the Fund or the Adviser failed to comply with a related SEC regulatory requirement under the CFTC harmonization regulations. The Fund and the Adviser will remain subject to certain CFTC-mandated disclosure, reporting and recordkeeping regulations even if they elect substitute compliance under the CFTC harmonization regulations. Compliance with the CFTC regulations could increase the Fund’s expenses, adversely affecting the Fund’s total return.


Repurchase and Reverse Repurchase Agreements. A repurchase agreement exposes the Fund to the risk that the party that sells the security may default on its obligation to repurchase it. The Fund may lose money if it cannot sell the security at the agreed-upon time and price or the security loses value before it can be sold. A reverse repurchase agreement involves the risk that the market value of the securities the Fund is obligated to repurchase under the agreement may decline below the repurchase price.


Subsidiary. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in this prospectus, is not subject to all the investor protections of the 1940 Act.


Tracking Error. The Fund’s return may not match the return of the CMCI due to, among other factors, the Fund incurring operating expenses, and not being fully invested at all times as a result of cash inflows and cash reserves to meet redemptions.

PERFORMANCE

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. For instance, the UBS Bloomberg Constant Maturity Commodity Total Return Index (“CMCI”) is a rules-based, composite benchmark index diversified across 27 commodity components from within five sectors, specifically energy, precious metals, industrial metals, agriculture and livestock. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Class A: Annual Total Returns (%) as of 12/31
Bar Chart

 

 

 

 

 

Best Quarter:

 

+12.28%

 

2Q ’16

Worst Quarter:

 

-14.60%

 

3Q ’15

Average Annual Total Returns as of 12/31/16
Average Annual Returns - CM Commodity Index Fund
1 Year
5 Years
Life of Class
Inception Date
Class A 8.34% (9.54%) (9.29%) Dec. 31, 2010
Class I 15.18% (8.17%) (8.11%) Dec. 31, 2010
Class Y 15.24% (8.18%) (8.13%) Dec. 31, 2010
After Taxes on Distributions | Class A [1] 4.09% (10.28%) (9.91%)  
After Taxes on Distributions and Sale of Fund Shares | Class A 4.70% (7.19%) (6.87%)  
UBS Bloomberg Constant Maturity Commodity Total Return Index (reflects no deduction for fees, expenses or taxes) 16.58% (7.14%) (7.10%)  
[1] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.

XML 24 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
CM Commodity Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading CM Commodity Index Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The CM Commodity Index Fund seeks to track, before fees and expenses, the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index.

Expense [Heading] rr_ExpenseHeading FUND FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 20 of this prospectus, in the “Availability of Discounts” section on page 32 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix C to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 0% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate none
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to achieve its investment objective by investing in instruments that derive their value from the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index (the “CMCI”), as described below, and in bonds, debt securities and other fixed income instruments (“Fixed Income Instruments”) issued by various U.S. public- or private-sector entities. The Fund invests in commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity futures contracts and options on futures contracts that provide economic exposure to the investment returns of the commodities markets, as represented by the CMCI and its constituents. Commodities are assets that have tangible properties, such as oil, metals, and agricultural products. A commodity-linked derivative is a derivative instrument whose value is linked to the movement of a commodity, commodity index, commodity option or futures contract. The value of commodity-linked derivative instruments may be affected by overall market movements and other factors affecting the value of a particular industry or commodity, such as weather, disease, embargoes, or political and regulatory developments.


The CMCI is a rules-based, composite benchmark index diversified across 27 commodity components from the following five sectors: energy, precious metals, industrial metals, agriculture and livestock. The CMCI is comprised of futures contracts with maturities ranging from three months up to a maximum of about three years for each commodity, depending on liquidity. The return of the CMCI reflects a combination of (i) the returns on the futures contracts comprising the CMCI; and (ii) the fixed-income return that would be earned on a hypothetical portfolio of 13-week U.S. Treasury bills theoretically deposited as full collateral for the notional exposure of hypothetical positions in the futures contracts comprising the CMCI. The selection and relative weightings of the components of the CMCI are designed to reflect the economic significance and market liquidity of each commodity, as determined based on global economic data, consumption data, commodity futures prices, open interest and volume data. The maturity of each commodity component in the CMCI remains fixed at a predefined time interval at all times by means of a continuous rolling process, in which a weighted percentage of shorter dated contracts for each commodity are swapped for longer dated contracts on a daily basis. The CMCI is rebalanced monthly back to the target weightings of the commodity components of the CMCI and the target weightings of all commodity components are revised once per year. A more detailed description of the CMCI is contained in Appendix A to the prospectus.


The Fund will seek to track the returns of the CMCI by entering into swap contracts and commodity index-linked notes with one or more counterparties, which contracts and notes will rise and fall in value in response to changes in the value of the CMCI. As of the date of this prospectus, UBS was the only available counterparty with which the Fund may enter into such swap contracts on the CMCI. The Fund may enter into such contracts and notes directly or indirectly through a wholly owned subsidiary of the Fund (the “Subsidiary”). Commodity index-linked notes are derivative debt instruments with principal and/or coupon payments linked to the performance of commodity indices (such as the CMCI). These commodity index-linked notes are sometimes referred to as “structured notes” because the terms of these notes may be structured by the issuer and the purchaser of the note. The Fund may also seek to gain exposure to the individual commodity components of the CMCI by investing in futures contracts that comprise the CMCI, either directly or indirectly through the Subsidiary.


For tax reasons, it may be advantageous for the Fund to create and maintain its exposure to the commodity markets, in whole or in part, by investing in the Subsidiary. The Subsidiary is managed by the Adviser for the exclusive benefit of the Fund. As discussed in greater detail elsewhere in this prospectus, the Subsidiary (unlike the Fund) may invest without limitation in commodity-linked swap agreements and other commodity-linked derivative instruments including futures. The Fund may invest up to 25% of its assets in the Subsidiary.


The derivative instruments in which the Fund and the Subsidiary primarily intend to invest are instruments linked to commodity indices, such as the CMCI, and instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts. These instruments may specify exposure to commodity futures with different roll dates, reset dates or contract months than those specified by a particular commodity index. As a result, the commodity-linked derivatives component of the Fund’s portfolio may deviate from the returns of any particular commodity index. The Fund or the Subsidiary may over-weight or under-weight its exposure to a particular commodity index, or a subset of commodities, such that the Fund has greater or lesser exposure to that index than the value of the Fund’s net assets, or greater or lesser exposure to a subset of commodities than is represented by a particular commodity index. Such deviations may be the result of temporary market fluctuations, and under normal circumstances, the Fund will seek to maintain notional exposure to one or more commodity indices within 5% (plus or minus) of the value of the Fund’s net assets. To the extent the CMCI is concentrated in a particular industry (or one or more commodities that comprise an industry) the Fund will necessarily be concentrated in that industry.


Assets not invested in commodity-linked derivative instruments or the Subsidiary may be invested in Fixed Income Instruments, including derivative Fixed Income Instruments.


The average duration of the portfolio of Fixed Income Instruments will vary based on interest rates and, under normal market conditions, is not expected to exceed five years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Similarly, a fund with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. By way of example, the price of a bond fund with an average duration of five years would be expected to fall approximately 5% if interest rates rose by one percentage point. The Fund will invest primarily in securities of the U.S. Government and its agencies and investment grade bonds of private issuers rated Baa or higher or, if unrated, determined by the Adviser to be of comparable quality. The Fund may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as buy back or dollar rolls, repurchase agreements or reverse repurchase agreements). The Fund may also invest, without limitation, in money market funds.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Counterparty. A loss may be sustained as a result of the failure of another party to a contract (usually referred to as a “counterparty”) to make required payments or otherwise comply with a contract’s terms. The Fund also bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty. In addition, the Fund may enter into swap agreements with a limited number of counterparties, and as of the date of this prospectus, UBS was the only available counterparty with which the Fund may enter into such swap contracts on the CMCI. The Fund may invest in commodity-linked structured notes issued by a limited number of issuers that will act as counterparties. The Fund’s use of one or a limited number of counterparties and its investments in commodity-linked structured notes issued by only a limited number of issuers increases the Fund’s exposure to counterparty credit risk. Swap agreements also may be considered to be illiquid. Further, there is a risk that no suitable counterparties are willing to enter into, or continue to enter into, transactions with the Fund and, as a result, the Fund may not be able to achieve its investment objective.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates. Debt securities with longer durations have higher risk and volatility.


Derivatives. The use of swap agreements, options, futures contracts and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, commodity, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Industry Concentration. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of industries. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting a particular industry.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities, commodities and related instruments that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities and commodities tend to have greater price volatility than debt securities.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Regulatory. Changes in the laws or regulations of the United States or the Cayman Islands, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund or the Subsidiary. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. As a result of the amendments and, based on the Fund’s and its Subsidiary’s current investment strategies, the Fund and the Subsidiary are each a “commodity pool” and the Adviser is considered a “commodity pool operator” (“CPO”) with respect to the Fund and the Subsidiary under the CEA. Accordingly, the Fund and the Adviser are subject to dual regulation by the CFTC and the SEC. In August 2013, the CFTC adopted regulations that seek to “harmonize” CFTC regulations with overlapping SEC rules and regulations. Pursuant to the CFTC harmonization regulations, the Fund and the Adviser may elect to meet the requirements of certain CFTC regulations by complying with specific SEC rules and regulations relating to disclosure and reporting requirements. The CFTC could deem the Fund or the Adviser in violation of an applicable CFTC regulation if the Fund or the Adviser failed to comply with a related SEC regulatory requirement under the CFTC harmonization regulations. The Fund and the Adviser will remain subject to certain CFTC-mandated disclosure, reporting and recordkeeping regulations even if they elect substitute compliance under the CFTC harmonization regulations. Compliance with the CFTC regulations could increase the Fund’s expenses, adversely affecting the Fund’s total return.


Repurchase and Reverse Repurchase Agreements. A repurchase agreement exposes the Fund to the risk that the party that sells the security may default on its obligation to repurchase it. The Fund may lose money if it cannot sell the security at the agreed-upon time and price or the security loses value before it can be sold. A reverse repurchase agreement involves the risk that the market value of the securities the Fund is obligated to repurchase under the agreement may decline below the repurchase price.


Subsidiary. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in this prospectus, is not subject to all the investor protections of the 1940 Act.


Tracking Error. The Fund’s return may not match the return of the CMCI due to, among other factors, the Fund incurring operating expenses, and not being fully invested at all times as a result of cash inflows and cash reserves to meet redemptions.

Risk Lose Money [Text] rr_RiskLoseMoney The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. For instance, the UBS Bloomberg Constant Maturity Commodity Total Return Index (“CMCI”) is a rules-based, composite benchmark index diversified across 27 commodity components from within five sectors, specifically energy, precious metals, industrial metals, agriculture and livestock. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress vaneck.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Class A: Annual Total Returns (%) as of 12/31
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

Best Quarter:

 

+12.28%

 

2Q ’16

Worst Quarter:

 

-14.60%

 

3Q ’15

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 12.28%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.60%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown These returns are shown for one class of shares only; after tax-returns for the other classes may vary.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/16
CM Commodity Index Fund | UBS Bloomberg Constant Maturity Commodity Total Return Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.58%
5 Years rr_AverageAnnualReturnYear05 (7.14%)
Life of Class rr_AverageAnnualReturnSinceInception (7.10%)
CM Commodity Index Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.31%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.36%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.95%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 666
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 933
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,219
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,034
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 666
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 933
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,219
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,034
Annual Return 2011 rr_AnnualReturn2011 (8.11%)
Annual Return 2012 rr_AnnualReturn2012 1.23%
Annual Return 2013 rr_AnnualReturn2013 (7.87%)
Annual Return 2014 rr_AnnualReturn2014 (19.76%)
Annual Return 2015 rr_AnnualReturn2015 (25.29%)
Annual Return 2016 rr_AnnualReturn2016 15.01%
1 Year rr_AverageAnnualReturnYear01 8.34%
5 Years rr_AverageAnnualReturnYear05 (9.54%)
Life of Class rr_AverageAnnualReturnSinceInception (9.29%)
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2010
CM Commodity Index Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.09% [3]
5 Years rr_AverageAnnualReturnYear05 (10.28%) [3]
Life of Class rr_AverageAnnualReturnSinceInception (9.91%) [3]
CM Commodity Index Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.70%
5 Years rr_AverageAnnualReturnYear05 (7.19%)
Life of Class rr_AverageAnnualReturnSinceInception (6.87%)
CM Commodity Index Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.16%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.91%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.26%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.65%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 66
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 264
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 478
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,096
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 66
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 264
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 478
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,096
1 Year rr_AverageAnnualReturnYear01 15.18%
5 Years rr_AverageAnnualReturnYear05 (8.17%)
Life of Class rr_AverageAnnualReturnSinceInception (8.11%)
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2010
CM Commodity Index Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.24%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.29%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.70%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 72
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 286
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 519
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,187
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 72
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 286
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 519
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,187
1 Year rr_AverageAnnualReturnYear01 15.24%
5 Years rr_AverageAnnualReturnYear05 (8.18%)
Life of Class rr_AverageAnnualReturnSinceInception (8.13%)
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 31, 2010
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
[2] Van Eck Absolute Return Advisers Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
[3] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
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Long/Short Equity Index Fund
Long/Short Equity Index Fund
INVESTMENT OBJECTIVE

The Long/Short Equity Index Fund seeks to track, before fees and expenses, the performance of the MVISä North America Long/Short Equity Index (the “Index”).

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 22 of this prospectus, in the “Availability of Discounts” section on page 38 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix B to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Long/Short Equity Index Fund
Class A
Class I
Class Y
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) none [1] none none
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Long/Short Equity Index Fund
Class A
Class I
Class Y
Management Fees 0.65% 0.65% 0.65%
Distribution and/or Service (12b-1) Fees 0.25% none none
Other Expenses 3.22% 1.12% 3.37%
Dividends and Interest Payments on Securities Sold Short 0.19% 0.19% 0.19%
Remainder of Other Expenses 3.03% 0.93% 3.18%
Acquired Fund Fees and Expenses (AFFE) 0.09% 0.09% 0.09%
Total Annual Fund Operating Expenses 4.21% 1.86% 4.11%
Fee Waivers and/or Expense Reimbursements [1] (2.98%) (0.93%) (3.13%)
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.23% 0.93% 0.98%
[1] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
Expense Example

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Sold
Expense Example - Long/Short Equity Index Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 693 1,523 2,366 4,533
Class I 95 494 919 2,104
Class Y 100 963 1,841 4,105
Held
Expense Example No Redemption - Long/Short Equity Index Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 693 1,523 2,366 4,533
Class I 95 494 919 2,104
Class Y 100 963 1,841 4,105
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 583% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund normally invests at least 80% of its net assets in securities that comprise the Index. The Index is constructed using a rules based process and seeks to capture the performance of a group of long/short equity hedge funds that focus on North American companies (the “Proprietary L/S Equity Universe”). MV Index Solutions GmbH (the “Index Provider”), an affiliate of the Adviser, uses a two-step process to identify the Proprietary L/S Equity Universe. First, the Index Provider identifies an initial universe of North American focused long/short equity hedge funds. Second, the Index Provider eliminates outlier hedge funds, typically eliminating more of the underperforming outlier hedge funds, from the initial universe with a patented True Alpha® (True a®) metric that scores and ranks funds based on their risk-adjusted performance over a twelve month period. The Index Provider defines outlier hedge funds as those funds with the True Alpha scores for that twelve month period that differ from the average score of the funds that comprise the initial universe to a statistically significant degree. Applying a regression analysis to the returns of the Proprietary L/S Equity Universe, the Index Provider determines the long and/or short positions in exchange traded products, including exchange traded funds and exchange traded notes (“Exchange Traded Products”), that, in the aggregate, can best explain the performance of the Proprietary L/S Equity Universe in recent prior periods and, therefore, may track the performance of the Proprietary L/S Equity Universe in future periods. The Index is reconstituted and rebalanced monthly. The Exchange Traded Products that comprise the Index may include Exchange Traded Products that invest in equity and debt securities, including emerging markets securities, as well as other asset categories including commodities. The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the performance of the Index.


A significant portion of the Fund’s assets may be held in cash or cash equivalents including, but not limited to, money market instruments, U.S. Treasury bills, interests in short-term investment funds or shares of money market or short-term bond funds. The Fund may engage in active and frequent trading of portfolio securities. While the Fund may hold both long and short positions in any of the instruments in which it invests, it does not intend to borrow money for investment purposes. It seeks to maintain a net exposure, including cash and cash equivalents of 100% of net assets.

PRINCIPAL RISKS

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. Also, because the Fund invests directly in Exchange Traded Products, which, in turn, invest directly in or have exposure to equity and debt securities and other asset categories, the following principal risks are those of the Fund and Exchange Traded Products, as appropriate. As a result of the Fund’s direct investment in Exchange Traded Products, the Fund is indirectly exposed to the risks of the securities held by and other investments made by the Exchange Traded Products.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates.


Exchange Traded Products. While the risks of owning shares of an Exchange Traded Product generally reflect the risks of owning the underlying investments of the Exchange Traded Product, lack of liquidity in the Exchange Traded Product can result in its value being more volatile than its underlying portfolio investments. An Exchange Traded Product can trade at prices higher or lower than the value of its underlying assets. In addition, trading in an Exchange Traded Product may be halted by the exchange on which it trades.


Exchange Traded Products’ Underlying Investments. Through its investment in an Exchange Traded Product, the Fund is subject to the risks associated with the Exchange Traded Product’s underlying investments, including the possibility that the value of the securities or other assets held by the Exchange Traded Product could decrease. These risks include any combination of the risks described below, although the Fund’s exposure to a particular risk will be proportionate to the Fund’s overall allocation and an Exchange Traded Product’s asset allocation. Additionally, the Fund will bear additional expenses based on its pro rata share of the Exchange Traded Product’s operating expenses. Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in an Exchange Traded Product.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Exchange Traded Product to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Common Stock. Common stocks are subject to greater fluctuations in market value than certain other asset classes as a result of such factors as a company’s business performance, investor perceptions, stock market trends and general economic conditions.


Concentration. An Exchange Traded Product that concentrates its investments in an industry or group of industries is more vulnerable to adverse market, economic, regulatory, political or other developments affecting such industry or group of industries than a fund that invests its assets more broadly.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing an Exchange Traded Product to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Exchange Traded Product’s derivative positions at times when the Exchange Traded Product might wish to terminate or sell such positions and over the counter instruments may be illiquid and are subject to counterparty risk.


Emerging Markets. Investments in the securities of emerging markets typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency. Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.


Foreign Securities. Investments in securities of foreign issuers are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investment Style. Securities of a particular investment style, such as a growth style or value style, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic conditions.


Large-Capitalization Companies. Securities of large-capitalization companies could fall out of favor with the market and underperform securities of small- or medium-capitalization companies. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.


Investment Restrictions. The Investment Company Act of 1940, as amended (the “1940 Act”), places limits on the percentage of the total outstanding stock of another investment company that may be owned by the Fund; however, exemptive relief from the Securities and Exchange Commission (the “SEC”) permits the Fund to invest in other unaffiliated investment companies in excess of this limitation if certain conditions are met (the “Exemptive Relief”). The Fund is subject to the conditions set forth in the Exemptive Relief and certain additional provisions of the 1940 Act that limit the amount that the Fund and its affiliates, in the aggregate, can invest in the outstanding voting securities of any one investment company. Compliance with such investment restrictions may result in increased tracking error for the Fund. The Fund and its affiliates may not actively acquire “control” of an investment company, which is presumed once ownership of an investment company’s outstanding voting securities exceeds 25%. Also, to comply with provisions of the 1940 Act and the Exemptive Relief, the Adviser may be required to vote shares of an investment company in the same general proportion as shares held by other shareholders of the investment company.


Market. Market risk refers to the risk that the market prices of securities that the Fund or an Exchange Traded Product holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities. The Exchange Traded Products, including exchange traded funds (“ETFs”) and exchange traded notes (“ETNs”), may trade at a premium or discount to their net asset values.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Portfolio Turnover. The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund’s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund’s return.


Regulatory. Changes in the laws or regulations of the United States, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. Specifically, these amendments, which became effective on January 1, 2013, require an investment adviser of a registered investment company to register with the CFTC as a “commodity pool operator” (“CPO”) if the investment company either markets itself as a vehicle for trading commodity interests or conducts more than a de minimis amount of speculative trading in commodity interests. The staff of the CFTC issued temporary no-action relief (the “No-Action Relief”) from CPO registration to operators of funds-of-funds that cannot reasonably know whether indirect exposure to commodity interests would prevent them from qualifying for an exemption from registration as a CPO. In reliance on the No-Action Relief, the Adviser has claimed a temporary exemption from registration as a CPO. To the extent the Fund and the Adviser are required to comply with applicable CFTC disclosure, reporting and recordkeeping regulations, compliance with such regulations could increase the Fund’s expenses, adversely affecting the Fund’s total return.


Short Sales. If the Fund sells a security short and subsequently has to buy the security back at a higher price, the Fund will lose money on the transaction. Any loss will be increased by the amount of compensation, interest or dividends and transaction costs the Fund must pay to a lender of the security. The amount the Fund could lose on a short sale is theoretically unlimited (as compared to a long position, where the maximum loss is the amount invested). The use of short sales, which has the effect of leveraging the Fund, could increase the exposure of the Fund to the market, increase losses and increase the volatility of returns.


The Fund may not always be able to close out a short position at a particular time or at an acceptable price. A lender may request that borrowed securities be returned to it on short notice, and the Fund may have to buy the borrowed securities at an unfavorable price. If this occurs at a time that other short sellers of the same security also want to close out their positions, it is more likely that the Fund will have to cover its short sale at an unfavorable price and potentially reduce or eliminate any gain, or cause a loss, as a result of the short sale.


Tracking Error. Unlike a traditional index that is comprised of securities representing a particular segment of the market, such as the S&P 500 Composite Stock Price Index, the Index is comprised of long and/or short positions in Exchange-Traded Products that are selected and weighted monthly based upon the application of a regression analysis to the returns of the Proprietary L/S Equity Universe in recent prior periods. The performance of the Index may not match the performance of the Proprietary L/S Equity Universe prospectively due to the timing of the application of the regression analysis and changes that may subsequently occur in the management of the underlying hedge funds that comprise the Proprietary L/S Equity Universe. In addition, the Fund’s performance may not match the performance of the Index due to, among other factors, the Fund incurring operating expenses and not being fully invested at all times as a result of cash inflows and cash reserves to meet redemptions. In addition, the Fund may not be able to invest in certain securities included in its Index, or invest in them in the exact proportions in which they are represented in the Index, due to legal restrictions or limitations imposed by the governments of certain countries, a lack of liquidity on stock exchanges in which such securities trade, potential adverse tax consequences or other regulatory reasons (such as diversification requirements). Accordingly, the performance of the Fund may vary from the performance of the Proprietary L/S Equity Universe and the performance of the Index.


U.S. Government Obligations. U.S. Government obligations may be adversely impacted by changes in interest rates, and securities issued by U.S. Government agencies or government-sponsored entities may not be backed by the full faith and credit of the U.S. Government.

PERFORMANCE

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the MVISTM North America Long/Short Equity Index is an index which seeks to capture the performance of a group of long/short equity hedge funds that focus on North American companies. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart

 

 

 

 

 

Best Quarter:

 

+3.01%

 

4Q ’15

Worst Quarter:

 

-5.92%

 

3Q ’15

Average Annual Total Returns as of 12/31/16
Average Annual Returns - Long/Short Equity Index Fund
1 Year
Life of Class
Inception Date
Class A (3.25%) (0.63%) Dec. 12, 2013
Class I 2.93% 1.64% Dec. 12, 2013
Class Y 2.82% 1.57% Dec. 12, 2013
After Taxes on Distributions | Class A [1] (3.43%) (1.33%)  
After Taxes on Distributions and Sale of Fund Shares | Class A (1.77%) (0.78%)  
MVISTM North America Long/Short Equity Index (reflects no deduction for fees, expenses, or taxes) 4.04% 2.52%  
MSCI All Country World Index (reflects no deduction for fees, expenses or taxes) 8.49% 5.06%  
[1] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
XML 27 R49.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
Long/Short Equity Index Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Long/Short Equity Index Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Long/Short Equity Index Fund seeks to track, before fees and expenses, the performance of the MVISä North America Long/Short Equity Index (the “Index”).

Expense [Heading] rr_ExpenseHeading FUND FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 22 of this prospectus, in the “Availability of Discounts” section on page 38 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix B to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 583% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 583.00%
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund normally invests at least 80% of its net assets in securities that comprise the Index. The Index is constructed using a rules based process and seeks to capture the performance of a group of long/short equity hedge funds that focus on North American companies (the “Proprietary L/S Equity Universe”). MV Index Solutions GmbH (the “Index Provider”), an affiliate of the Adviser, uses a two-step process to identify the Proprietary L/S Equity Universe. First, the Index Provider identifies an initial universe of North American focused long/short equity hedge funds. Second, the Index Provider eliminates outlier hedge funds, typically eliminating more of the underperforming outlier hedge funds, from the initial universe with a patented True Alpha® (True a®) metric that scores and ranks funds based on their risk-adjusted performance over a twelve month period. The Index Provider defines outlier hedge funds as those funds with the True Alpha scores for that twelve month period that differ from the average score of the funds that comprise the initial universe to a statistically significant degree. Applying a regression analysis to the returns of the Proprietary L/S Equity Universe, the Index Provider determines the long and/or short positions in exchange traded products, including exchange traded funds and exchange traded notes (“Exchange Traded Products”), that, in the aggregate, can best explain the performance of the Proprietary L/S Equity Universe in recent prior periods and, therefore, may track the performance of the Proprietary L/S Equity Universe in future periods. The Index is reconstituted and rebalanced monthly. The Exchange Traded Products that comprise the Index may include Exchange Traded Products that invest in equity and debt securities, including emerging markets securities, as well as other asset categories including commodities. The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the performance of the Index.


A significant portion of the Fund’s assets may be held in cash or cash equivalents including, but not limited to, money market instruments, U.S. Treasury bills, interests in short-term investment funds or shares of money market or short-term bond funds. The Fund may engage in active and frequent trading of portfolio securities. While the Fund may hold both long and short positions in any of the instruments in which it invests, it does not intend to borrow money for investment purposes. It seeks to maintain a net exposure, including cash and cash equivalents of 100% of net assets.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. Also, because the Fund invests directly in Exchange Traded Products, which, in turn, invest directly in or have exposure to equity and debt securities and other asset categories, the following principal risks are those of the Fund and Exchange Traded Products, as appropriate. As a result of the Fund’s direct investment in Exchange Traded Products, the Fund is indirectly exposed to the risks of the securities held by and other investments made by the Exchange Traded Products.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates.


Exchange Traded Products. While the risks of owning shares of an Exchange Traded Product generally reflect the risks of owning the underlying investments of the Exchange Traded Product, lack of liquidity in the Exchange Traded Product can result in its value being more volatile than its underlying portfolio investments. An Exchange Traded Product can trade at prices higher or lower than the value of its underlying assets. In addition, trading in an Exchange Traded Product may be halted by the exchange on which it trades.


Exchange Traded Products’ Underlying Investments. Through its investment in an Exchange Traded Product, the Fund is subject to the risks associated with the Exchange Traded Product’s underlying investments, including the possibility that the value of the securities or other assets held by the Exchange Traded Product could decrease. These risks include any combination of the risks described below, although the Fund’s exposure to a particular risk will be proportionate to the Fund’s overall allocation and an Exchange Traded Product’s asset allocation. Additionally, the Fund will bear additional expenses based on its pro rata share of the Exchange Traded Product’s operating expenses. Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in an Exchange Traded Product.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Exchange Traded Product to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Common Stock. Common stocks are subject to greater fluctuations in market value than certain other asset classes as a result of such factors as a company’s business performance, investor perceptions, stock market trends and general economic conditions.


Concentration. An Exchange Traded Product that concentrates its investments in an industry or group of industries is more vulnerable to adverse market, economic, regulatory, political or other developments affecting such industry or group of industries than a fund that invests its assets more broadly.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing an Exchange Traded Product to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Exchange Traded Product’s derivative positions at times when the Exchange Traded Product might wish to terminate or sell such positions and over the counter instruments may be illiquid and are subject to counterparty risk.


Emerging Markets. Investments in the securities of emerging markets typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency. Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.


Foreign Securities. Investments in securities of foreign issuers are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investment Style. Securities of a particular investment style, such as a growth style or value style, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic conditions.


Large-Capitalization Companies. Securities of large-capitalization companies could fall out of favor with the market and underperform securities of small- or medium-capitalization companies. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.


Investment Restrictions. The Investment Company Act of 1940, as amended (the “1940 Act”), places limits on the percentage of the total outstanding stock of another investment company that may be owned by the Fund; however, exemptive relief from the Securities and Exchange Commission (the “SEC”) permits the Fund to invest in other unaffiliated investment companies in excess of this limitation if certain conditions are met (the “Exemptive Relief”). The Fund is subject to the conditions set forth in the Exemptive Relief and certain additional provisions of the 1940 Act that limit the amount that the Fund and its affiliates, in the aggregate, can invest in the outstanding voting securities of any one investment company. Compliance with such investment restrictions may result in increased tracking error for the Fund. The Fund and its affiliates may not actively acquire “control” of an investment company, which is presumed once ownership of an investment company’s outstanding voting securities exceeds 25%. Also, to comply with provisions of the 1940 Act and the Exemptive Relief, the Adviser may be required to vote shares of an investment company in the same general proportion as shares held by other shareholders of the investment company.


Market. Market risk refers to the risk that the market prices of securities that the Fund or an Exchange Traded Product holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities. The Exchange Traded Products, including exchange traded funds (“ETFs”) and exchange traded notes (“ETNs”), may trade at a premium or discount to their net asset values.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Portfolio Turnover. The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund’s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund’s return.


Regulatory. Changes in the laws or regulations of the United States, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. Specifically, these amendments, which became effective on January 1, 2013, require an investment adviser of a registered investment company to register with the CFTC as a “commodity pool operator” (“CPO”) if the investment company either markets itself as a vehicle for trading commodity interests or conducts more than a de minimis amount of speculative trading in commodity interests. The staff of the CFTC issued temporary no-action relief (the “No-Action Relief”) from CPO registration to operators of funds-of-funds that cannot reasonably know whether indirect exposure to commodity interests would prevent them from qualifying for an exemption from registration as a CPO. In reliance on the No-Action Relief, the Adviser has claimed a temporary exemption from registration as a CPO. To the extent the Fund and the Adviser are required to comply with applicable CFTC disclosure, reporting and recordkeeping regulations, compliance with such regulations could increase the Fund’s expenses, adversely affecting the Fund’s total return.


Short Sales. If the Fund sells a security short and subsequently has to buy the security back at a higher price, the Fund will lose money on the transaction. Any loss will be increased by the amount of compensation, interest or dividends and transaction costs the Fund must pay to a lender of the security. The amount the Fund could lose on a short sale is theoretically unlimited (as compared to a long position, where the maximum loss is the amount invested). The use of short sales, which has the effect of leveraging the Fund, could increase the exposure of the Fund to the market, increase losses and increase the volatility of returns.


The Fund may not always be able to close out a short position at a particular time or at an acceptable price. A lender may request that borrowed securities be returned to it on short notice, and the Fund may have to buy the borrowed securities at an unfavorable price. If this occurs at a time that other short sellers of the same security also want to close out their positions, it is more likely that the Fund will have to cover its short sale at an unfavorable price and potentially reduce or eliminate any gain, or cause a loss, as a result of the short sale.


Tracking Error. Unlike a traditional index that is comprised of securities representing a particular segment of the market, such as the S&P 500 Composite Stock Price Index, the Index is comprised of long and/or short positions in Exchange-Traded Products that are selected and weighted monthly based upon the application of a regression analysis to the returns of the Proprietary L/S Equity Universe in recent prior periods. The performance of the Index may not match the performance of the Proprietary L/S Equity Universe prospectively due to the timing of the application of the regression analysis and changes that may subsequently occur in the management of the underlying hedge funds that comprise the Proprietary L/S Equity Universe. In addition, the Fund’s performance may not match the performance of the Index due to, among other factors, the Fund incurring operating expenses and not being fully invested at all times as a result of cash inflows and cash reserves to meet redemptions. In addition, the Fund may not be able to invest in certain securities included in its Index, or invest in them in the exact proportions in which they are represented in the Index, due to legal restrictions or limitations imposed by the governments of certain countries, a lack of liquidity on stock exchanges in which such securities trade, potential adverse tax consequences or other regulatory reasons (such as diversification requirements). Accordingly, the performance of the Fund may vary from the performance of the Proprietary L/S Equity Universe and the performance of the Index.


U.S. Government Obligations. U.S. Government obligations may be adversely impacted by changes in interest rates, and securities issued by U.S. Government agencies or government-sponsored entities may not be backed by the full faith and credit of the U.S. Government.

Risk Lose Money [Text] rr_RiskLoseMoney The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the MVISTM North America Long/Short Equity Index is an index which seeks to capture the performance of a group of long/short equity hedge funds that focus on North American companies. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress vaneck.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

Best Quarter:

 

+3.01%

 

4Q ’15

Worst Quarter:

 

-5.92%

 

3Q ’15

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2015
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 3.01%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (5.92%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown These returns are shown for one class of shares only; after tax-returns for the other classes may vary.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of 12/31/16
Long/Short Equity Index Fund | MVISTM North America Long/Short Equity Index (reflects no deduction for fees, expenses, or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.04%
Life of Class rr_AverageAnnualReturnSinceInception 2.52%
Long/Short Equity Index Fund | MSCI All Country World Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.49%
Life of Class rr_AverageAnnualReturnSinceInception 5.06%
Long/Short Equity Index Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Dividends and Interest Payments on Securities Sold Short rr_Component1OtherExpensesOverAssets 0.19%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.03%
Other Expenses rr_OtherExpensesOverAssets 3.22%
Acquired Fund Fees and Expenses (AFFE) rr_AcquiredFundFeesAndExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.21%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (2.98%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 1.23%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 693
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,523
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,366
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,533
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 693
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,523
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,366
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,533
Annual Return 2014 rr_AnnualReturn2014 2.00%
Annual Return 2015 rr_AnnualReturn2015 (3.08%)
Annual Return 2016 rr_AnnualReturn2016 2.60%
1 Year rr_AverageAnnualReturnYear01 (3.25%)
Life of Class rr_AverageAnnualReturnSinceInception (0.63%)
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 12, 2013
Long/Short Equity Index Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (3.43%) [3]
Life of Class rr_AverageAnnualReturnSinceInception (1.33%) [3]
Long/Short Equity Index Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (1.77%)
Life of Class rr_AverageAnnualReturnSinceInception (0.78%)
Long/Short Equity Index Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Dividends and Interest Payments on Securities Sold Short rr_Component1OtherExpensesOverAssets 0.19%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 0.93%
Other Expenses rr_OtherExpensesOverAssets 1.12%
Acquired Fund Fees and Expenses (AFFE) rr_AcquiredFundFeesAndExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.86%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.93%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.93%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 95
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 494
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 919
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,104
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 95
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 494
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 919
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,104
1 Year rr_AverageAnnualReturnYear01 2.93%
Life of Class rr_AverageAnnualReturnSinceInception 1.64%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 12, 2013
Long/Short Equity Index Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.65%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Dividends and Interest Payments on Securities Sold Short rr_Component1OtherExpensesOverAssets 0.19%
Remainder of Other Expenses rr_Component2OtherExpensesOverAssets 3.18%
Other Expenses rr_OtherExpensesOverAssets 3.37%
Acquired Fund Fees and Expenses (AFFE) rr_AcquiredFundFeesAndExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.11%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.13%) [2]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 0.98%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 100
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 963
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,841
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,105
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 100
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 963
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,841
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,105
1 Year rr_AverageAnnualReturnYear01 2.82%
Life of Class rr_AverageAnnualReturnSinceInception 1.57%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 12, 2013
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
[2] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
[3] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.
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VanEck NDR Managed Allocation Fund
VanEck NDR Managed Allocation Fund
INVESTMENT OBJECTIVE

The VanEck NDR Managed Allocation Fund seeks capital appreciation.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Class A of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information–Sales Charges” section on page 18 of this prospectus, in the “Availability of Discounts” section on page 37 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - VanEck NDR Managed Allocation Fund
Class A
Class I
Class Y
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) none [1] none none
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - VanEck NDR Managed Allocation Fund
Class A
Class I
Class Y
Management Fees 0.80% 0.80% 0.80%
Distribution and/or Service (12b-1) Fees 0.25% none none
Other Expenses [1] 2.32% 2.18% 3.35%
Acquired Fund Fees and Expenses (AFFE) 0.23% 0.23% 0.23%
Total Annual Fund Operating Expenses 3.60% 3.21% 4.38%
Fee Waivers and/or Expense Reimbursements [2] (2.22%) (2.13%) (3.25%)
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 1.38% 1.08% 1.13%
[1] Other Expenses have been restated to reflect current fees.
[2] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.15% for Class A, 0.85% for Class I, and 0.90% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
Expense Example

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. To the extent the Adviser is waiving fees and/or reimbursing expenses, the example assumes that such waiver and/or reimbursement will only be in place through the date noted above. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Sold
Expense Example - VanEck NDR Managed Allocation Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 707 1,420 2,154 4,078
Class I 110 789 1,493 3,365
Class Y 115 1,031 1,958 4,326
Held
Expense Example No Redemption - VanEck NDR Managed Allocation Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 707 1,420 2,154 4,078
Class I 110 789 1,493 3,365
Class Y 115 1,031 1,958 4,326
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the period May 11, 2016 (the Fund’s commencement of operations) through December 31, 2016, the Fund’s portfolio turnover rate was 140% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Adviser seeks to achieve the Fund’s investment objective by investing, under normal conditions, primarily in (i) exchange traded products that are registered under the federal securities laws (“Exchange Traded Products”) and invest in domestic and foreign equity and debt securities, including exchange traded funds (“ETFs”) and exchange traded notes (“ETNs”); and (ii) cash or cash equivalents. The securities held by the Exchange Traded Products include equity securities of companies of any market capitalization, debt securities of any credit quality, duration and maturity and emerging market securities. The Adviser expects to invest the Fund’s assets primarily in unaffiliated, passively-managed Exchange Traded Products.


The Adviser uses a customized version of a global tactical asset allocation model (the “VE NDR Model”) developed by Ned Davis Research, Inc. (“NDR”). The VE NDR Model uses customized parameters to guide asset allocation decisions. The VE NDR Model combines the signals generated by various NDR sub-models, which, in the aggregate, aim to enhance asset allocation by tilting portfolio weightings toward asset classes believed to be more attractive than others given perceived market trends, current opportunities and/or risks in the market. The sub-models use fundamental, macroeconomic and technical indicators to generate allocation signals among (i) stocks, bonds and cash, (ii) geographical locations and (iii) market capitalization (e.g., company size) and investment style (e.g., value and growth). As used herein, the term “signals” refers to allocation percentages generated by the VE NDR Model.


Fundamental and macroeconomic indicators used by the sub-models include, but are not limited to, investor sentiment, earnings, monetary policy, inflation and yield curves. Technical indicators used by the sub-models include, but are not limited to, trend, mean reversion, momentum and seasonality. The Adviser allocates the Fund’s assets to those Exchange Traded Products that it believes will have returns that, in the aggregate, closely correlate (before fees and expenses) to the return of the VE NDR Model. The VE NDR Model typically adjusts its signals on a monthly basis.


A significant portion of the Fund’s assets may be held in cash or cash equivalents including, but not limited to, money market instruments, U.S. Treasury bills, interests in short-term investment funds or shares of money market or short-term bond funds. The Fund may engage in active and frequent trading of portfolio securities.

PRINCIPAL RISKS

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. Also, because the Fund invests directly in Exchange Traded Products, which, in turn, invest directly in or have exposure to equity and debt securities and other asset categories, the following principal risks are those of the Fund and Exchange Traded Products, as appropriate. As a result of the Fund’s direct investment in Exchange Traded Products, the Fund is indirectly exposed to the risks of the securities held by and other investments made by the Exchange Traded Products.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates.


Exchange Traded Products. While the risks of owning shares of an Exchange Traded Product generally reflect the risks of owning the underlying investments of the Exchange Traded Product, lack of liquidity in the Exchange Traded Product can result in its value being more volatile than its underlying portfolio investments. An Exchange Traded Product can trade at prices higher or lower than the value of its underlying assets. In addition, an active trading market for shares of an Exchange Traded Product may not develop or be maintained and trading in the Exchange Traded Product may be halted by the exchange on which it trades.


Exchange Traded Products’ Underlying Investments. Through its investment in an Exchange Traded Product, the Fund is subject to the risks associated with the Exchange Traded Product’s underlying investments, including the possibility that the value of the securities or other assets held by the Exchange Traded Product could decrease. These risks include any combination of the risks described below, although the Fund’s exposure to a particular risk will be proportionate to the Fund’s overall allocation and an Exchange Traded Product’s asset allocation. Additionally, the Fund will bear additional expenses based on its pro rata share of the Exchange Traded Product’s operating expenses. Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in an Exchange Traded Product.


Below Investment Grade Securities. Below investment grade securities (sometimes referred to as “junk bonds”) are more speculative than higher-rated securities. These securities have a much greater risk of default and may be more volatile than higher-rated securities of similar maturity. These securities may be less liquid and more difficult to value than higher-rated securities.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Exchange Traded Product to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters and changes in interest rates or inflation rates. Because the value of a commodity linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Common Stock. Common stocks are subject to greater fluctuations in market value than certain other asset classes as a result of such factors as a company’s business performance, investor perceptions, stock market trends and general economic conditions.


Concentration. An Exchange Traded Product that concentrates its investments in an industry or group of industries is more vulnerable to adverse market, economic, regulatory, political or other developments affecting such industry or group of industries than a fund that invests its assets more broadly.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing an Exchange Traded Product to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Exchange Traded Product’s derivative positions at times when the Exchange Traded Product might wish to terminate or sell such positions and over the counter instruments may be illiquid and are subject to counterparty risk.


Emerging Markets. Investments in the securities of emerging markets typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency. Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.


Foreign Securities. Investments in securities of foreign issuers are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investment Style. Securities of a particular investment style, such as a growth style or value style, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic conditions.


Large-Capitalization Companies. Securities of large-capitalization companies could fall out of favor with the market and underperform securities of small- or medium-capitalization companies. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.


Market. Market risk refers to the risk that the market prices of securities that the Fund or an Exchange Traded Product holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities. The Exchange Traded Products, including ETFs and ETNs, may trade at a premium or discount to their net asset values.


Model and Data Risk: Given the complexity of the investments and strategies of the Fund, the Adviser relies heavily on quantitative models and information and data supplied by NDR (“Models and Data”). Models and Data are used to construct sets of transactions and investments, and to provide risk management insights. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Portfolio Turnover. The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund’s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund’s return.


Regulatory. Changes in the laws or regulations of the United States, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. Specifically, these amendments, which became effective on January 1, 2013, require an investment adviser of a registered investment company to register with the CFTC as a “commodity pool operator” (“CPO”) if the investment company either markets itself as a vehicle for trading commodity interests or conducts more than a de minimis amount of speculative trading in commodity interests. The staff of the CFTC issued temporary no-action relief (the “No-Action Relief”) from CPO registration to operators of funds-of-funds that cannot reasonably know whether indirect exposure to commodity interests would prevent them from qualifying for an exemption from registration as a CPO. In reliance on the No-Action Relief, the Adviser has claimed a temporary exemption from registration as a CPO. To the extent the Fund and the Adviser are required to comply with applicable CFTC disclosure, reporting and recordkeeping regulations, compliance with such regulations could increase the Fund’s expenses, adversely affecting the Fund’s total return.

PERFORMANCE

The Fund commenced operations on May 11, 2016. Accordingly, the Fund does not have a full calendar year of performance.

XML 29 R55.htm IDEA: XBRL DOCUMENT v3.7.0.1
Label Element Value
VanEck NDR Managed Allocation Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading VanEck NDR Managed Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The VanEck NDR Managed Allocation Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading FUND FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Class A of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information–Sales Charges” section on page 18 of this prospectus, in the “Availability of Discounts” section on page 37 of the Fund’s Statement of Additional Information (“SAI”) and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination May 01, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the period May 11, 2016 (the Fund’s commencement of operations) through December 31, 2016, the Fund’s portfolio turnover rate was 140% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 140.00%
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Other Expenses have been restated to reflect current fees.
Expense Example [Heading] rr_ExpenseExampleHeading Expense Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. To the extent the Adviser is waiving fees and/or reimbursing expenses, the example assumes that such waiver and/or reimbursement will only be in place through the date noted above. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Adviser seeks to achieve the Fund’s investment objective by investing, under normal conditions, primarily in (i) exchange traded products that are registered under the federal securities laws (“Exchange Traded Products”) and invest in domestic and foreign equity and debt securities, including exchange traded funds (“ETFs”) and exchange traded notes (“ETNs”); and (ii) cash or cash equivalents. The securities held by the Exchange Traded Products include equity securities of companies of any market capitalization, debt securities of any credit quality, duration and maturity and emerging market securities. The Adviser expects to invest the Fund’s assets primarily in unaffiliated, passively-managed Exchange Traded Products.


The Adviser uses a customized version of a global tactical asset allocation model (the “VE NDR Model”) developed by Ned Davis Research, Inc. (“NDR”). The VE NDR Model uses customized parameters to guide asset allocation decisions. The VE NDR Model combines the signals generated by various NDR sub-models, which, in the aggregate, aim to enhance asset allocation by tilting portfolio weightings toward asset classes believed to be more attractive than others given perceived market trends, current opportunities and/or risks in the market. The sub-models use fundamental, macroeconomic and technical indicators to generate allocation signals among (i) stocks, bonds and cash, (ii) geographical locations and (iii) market capitalization (e.g., company size) and investment style (e.g., value and growth). As used herein, the term “signals” refers to allocation percentages generated by the VE NDR Model.


Fundamental and macroeconomic indicators used by the sub-models include, but are not limited to, investor sentiment, earnings, monetary policy, inflation and yield curves. Technical indicators used by the sub-models include, but are not limited to, trend, mean reversion, momentum and seasonality. The Adviser allocates the Fund’s assets to those Exchange Traded Products that it believes will have returns that, in the aggregate, closely correlate (before fees and expenses) to the return of the VE NDR Model. The VE NDR Model typically adjusts its signals on a monthly basis.


A significant portion of the Fund’s assets may be held in cash or cash equivalents including, but not limited to, money market instruments, U.S. Treasury bills, interests in short-term investment funds or shares of money market or short-term bond funds. The Fund may engage in active and frequent trading of portfolio securities.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money. Also, because the Fund invests directly in Exchange Traded Products, which, in turn, invest directly in or have exposure to equity and debt securities and other asset categories, the following principal risks are those of the Fund and Exchange Traded Products, as appropriate. As a result of the Fund’s direct investment in Exchange Traded Products, the Fund is indirectly exposed to the risks of the securities held by and other investments made by the Exchange Traded Products.


Debt Securities. Debt securities are subject to credit risk and interest rate risk. Credit risk refers to the possibility that the issuer of a debt security will be unable to make interest payments or repay principal when it becomes due. Interest rate risk refers to fluctuations in the value of a debt security resulting from changes in the general level of interest rates.


Exchange Traded Products. While the risks of owning shares of an Exchange Traded Product generally reflect the risks of owning the underlying investments of the Exchange Traded Product, lack of liquidity in the Exchange Traded Product can result in its value being more volatile than its underlying portfolio investments. An Exchange Traded Product can trade at prices higher or lower than the value of its underlying assets. In addition, an active trading market for shares of an Exchange Traded Product may not develop or be maintained and trading in the Exchange Traded Product may be halted by the exchange on which it trades.


Exchange Traded Products’ Underlying Investments. Through its investment in an Exchange Traded Product, the Fund is subject to the risks associated with the Exchange Traded Product’s underlying investments, including the possibility that the value of the securities or other assets held by the Exchange Traded Product could decrease. These risks include any combination of the risks described below, although the Fund’s exposure to a particular risk will be proportionate to the Fund’s overall allocation and an Exchange Traded Product’s asset allocation. Additionally, the Fund will bear additional expenses based on its pro rata share of the Exchange Traded Product’s operating expenses. Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in an Exchange Traded Product.


Below Investment Grade Securities. Below investment grade securities (sometimes referred to as “junk bonds”) are more speculative than higher-rated securities. These securities have a much greater risk of default and may be more volatile than higher-rated securities of similar maturity. These securities may be less liquid and more difficult to value than higher-rated securities.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Exchange Traded Product to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters and changes in interest rates or inflation rates. Because the value of a commodity linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Common Stock. Common stocks are subject to greater fluctuations in market value than certain other asset classes as a result of such factors as a company’s business performance, investor perceptions, stock market trends and general economic conditions.


Concentration. An Exchange Traded Product that concentrates its investments in an industry or group of industries is more vulnerable to adverse market, economic, regulatory, political or other developments affecting such industry or group of industries than a fund that invests its assets more broadly.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying currency, security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing an Exchange Traded Product to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Exchange Traded Product’s derivative positions at times when the Exchange Traded Product might wish to terminate or sell such positions and over the counter instruments may be illiquid and are subject to counterparty risk.


Emerging Markets. Investments in the securities of emerging markets typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency. Investments in global markets or securities that are denominated in foreign currencies give rise to foreign currency exposure. The U.S. dollar value of these investments will vary depending on changes in exchange rates and the performance of the underlying assets.


Foreign Securities. Investments in securities of foreign issuers are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investment Style. Securities of a particular investment style, such as a growth style or value style, tend to perform differently and shift into and out of favor with investors depending on changes in market and economic conditions.


Large-Capitalization Companies. Securities of large-capitalization companies could fall out of favor with the market and underperform securities of small- or medium-capitalization companies. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.


Market. Market risk refers to the risk that the market prices of securities that the Fund or an Exchange Traded Product holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities. The Exchange Traded Products, including ETFs and ETNs, may trade at a premium or discount to their net asset values.


Model and Data Risk: Given the complexity of the investments and strategies of the Fund, the Adviser relies heavily on quantitative models and information and data supplied by NDR (“Models and Data”). Models and Data are used to construct sets of transactions and investments, and to provide risk management insights. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Portfolio Turnover. The Fund may engage in active and frequent trading of portfolio securities and thus may experience a high portfolio turnover rate. This may result in significant taxable capital gains as a result of the frequent trading of the Fund’s portfolio securities and the Fund will incur transaction costs in connection with buying and selling the securities, which may lower the Fund’s return.


Regulatory. Changes in the laws or regulations of the United States, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. Specifically, these amendments, which became effective on January 1, 2013, require an investment adviser of a registered investment company to register with the CFTC as a “commodity pool operator” (“CPO”) if the investment company either markets itself as a vehicle for trading commodity interests or conducts more than a de minimis amount of speculative trading in commodity interests. The staff of the CFTC issued temporary no-action relief (the “No-Action Relief”) from CPO registration to operators of funds-of-funds that cannot reasonably know whether indirect exposure to commodity interests would prevent them from qualifying for an exemption from registration as a CPO. In reliance on the No-Action Relief, the Adviser has claimed a temporary exemption from registration as a CPO. To the extent the Fund and the Adviser are required to comply with applicable CFTC disclosure, reporting and recordkeeping regulations, compliance with such regulations could increase the Fund’s expenses, adversely affecting the Fund’s total return.

Risk Lose Money [Text] rr_RiskLoseMoney The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund commenced operations on May 11, 2016. Accordingly, the Fund does not have a full calendar year of performance.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund commenced operations on May 11, 2016. Accordingly, the Fund does not have a full calendar year of performance.
VanEck NDR Managed Allocation Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 2.32% [2]
Acquired Fund Fees and Expenses (AFFE) rr_AcquiredFundFeesAndExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.60%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (2.22%) [3]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 1.38%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Class A of the VanEck Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 707
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,420
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,154
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,078
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 707
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,420
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,154
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,078
VanEck NDR Managed Allocation Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 2.18% [2]
Acquired Fund Fees and Expenses (AFFE) rr_AcquiredFundFeesAndExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.21%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (2.13%) [3]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 1.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 110
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 789
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,493
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,365
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 110
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 789
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,493
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,365
VanEck NDR Managed Allocation Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 3.35% [2]
Acquired Fund Fees and Expenses (AFFE) rr_AcquiredFundFeesAndExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.38%
Fee Waivers and/or Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (3.25%) [3]
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements rr_NetExpensesOverAssets 1.13%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 115
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,031
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,958
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,326
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 115
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,031
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,958
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,326
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
[2] Other Expenses have been restated to reflect current fees.
[3] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.15% for Class A, 0.85% for Class I, and 0.90% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
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Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Apr. 11, 2017
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International Investors Gold Fund
International Investors Gold Fund
INVESTMENT OBJECTIVE

The International Investors Gold Fund seeks long-term capital appreciation by investing in common stocks of gold-mining companies. The Fund may take current income into consideration when choosing investments.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for Class A sales charge discounts if you and your family (includes spouse and children under age 21) invest, or agree to invest in the future, at least $25,000, in the aggregate, in Classes A and C of the VanEck Funds. More information about these and other discounts is available from your financial professional and in the “Shareholder Information—Sales Charges” section on page 32 of this prospectus, in the “Availability of Discounts” section on page 50 of the Fund’s SAI and, with respect to purchases of shares through specific intermediaries, in Appendix A to this prospectus, entitled “Intermediary Sales Charge Discounts and Waivers.”

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - International Investors Gold Fund
Class A
Class C
Class I
Class Y
Maximum Sales Charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of the net asset value or purchase price) none [1] 1.00% none none
[1] A contingent deferred sales charge for Class A shares of 1.00% for one year applies to redemptions of qualified commissionable shares purchased at or above the $1 million breakpoint level.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - International Investors Gold Fund
Class A
Class C
Class I
Class Y
Management Fees 0.71% 0.71% 0.71% 0.71%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none none
Other Expenses 0.39% 0.39% 0.30% 0.40%
Total Annual Fund Operating Expenses 1.35% 2.10% 1.01% 1.11%
Fee Waivers and/or Expense Reimbursements [1] none none (0.01%) (0.01%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursements 1.35% 2.10% 1.00% 1.10%
[1] Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.45% for Class A, 2.20% for Class C, 1.00% for Class I, and 1.10% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
Expense Example

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then either redeem all of your shares at the end of these periods or continue to hold them. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same, and applies fee waivers and/or expense reimbursements, if any, for the periods indicated above under “Annual Fund Operating Expenses”. Although your actual expenses may be higher or lower, based on these assumptions, your costs would be:

Sold
Expense Example - International Investors Gold Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 705 978 1,272 2,105
Class C 313 658 1,129 2,431
Class I 102 321 557 1,235
Class Y 112 352 611 1,351
Held
Expense Example No Redemption - International Investors Gold Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 705 978 1,272 2,105
Class C 213 658 1,129 2,431
Class I 102 321 557 1,235
Class Y 112 352 611 1,351
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate that the Fund pays higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 28% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

Under normal conditions, the Fund invests at least 80% of its net assets in securities of companies principally engaged in gold-related activities, instruments that derive their value from gold, gold coins and bullion. A company principally engaged in gold-related activities is one that derives at least 50% of its revenues from gold-related activities, including the exploration, mining or processing of or dealing in gold. The Fund concentrates its investments in the gold-mining industry and therefore invests 25% or more of its total assets in such industry. The Fund is considered to be “non-diversified” which means that it may invest a larger portion of its assets in a single issuer.


The Fund invests in securities of companies with economic ties to countries throughout the world, including the U.S. Under ordinary circumstances, the Fund will invest in securities of issuers from a number of different countries, which may include emerging market countries. The Fund may invest in non-U.S. dollar denominated securities, which are subject to fluctuations in currency exchange rates, and securities of companies of any capitalization range. The Fund primarily invests in companies that the portfolio manager believes represent value opportunities and/or that have growth potential within their market niche, through their ability to increase production capacity at reasonable cost or make gold discoveries around the world. The portfolio manager utilizes both a macro-economic examination of gold market themes and a fundamental analysis of prospective companies in the search for value and growth opportunities.


The Fund may invest up to 25% of its net assets, as of the date of the investment, in gold and silver coins, gold, silver, platinum and palladium bullion and exchange-traded funds (“ETFs”) that invest primarily in such coins and bullion and derivatives on the foregoing. The Fund’s investments in coins and bullion will not earn income, and the sole source of return to the Fund from these investments will be from gains or losses realized on the sale of such investments.


The Fund may gain exposure to gold bullion and other metals by investing up to 25% of the Fund’s total assets in a wholly owned subsidiary of the Fund (the “Subsidiary”). The Subsidiary primarily invests in gold bullion, gold futures and other instruments that provide direct or indirect exposure to gold, including ETFs, and also may invest in silver, platinum and palladium bullion and futures. The Subsidiary (unlike the Fund) may invest without limitation in these investments. The Fund will “look-through” the Subsidiary to the Subsidiary’s underlying investments for determining compliance with the Fund’s investment policies. For tax reasons, it may be advantageous for the Fund to create and maintain its exposure to the commodity markets, in whole or in part, by investing in the Subsidiary. The portfolio of the Subsidiary is managed by the Adviser for the exclusive benefit of the Fund.


The Fund may use derivative instruments, such as structured notes, futures, options, warrants, currency forwards and swap agreements, to gain or hedge exposure. The Fund may invest up to 20% of its net assets in securities issued by other investment companies, including ETFs. The Fund may also invest in money market funds, but these investments are not subject to this limitation. The Fund may invest in ETFs to participate in, or gain rapid exposure to, certain market sectors, or when direct investments in certain countries are not permitted.

PRINCIPAL RISKS

There is no assurance that the Fund will achieve its investment objective. The Fund’s share price and return will fluctuate with changes in the market value of the Fund’s portfolio securities. Accordingly, an investment in the Fund involves the risk of losing money.


Canadian Issuers. The Canadian economy is very dependent on the demand for, and supply and price of, natural resources. The Canadian market is relatively concentrated in issuers involved in the production and distribution of natural resources. There is a risk that any changes in natural resources sectors could have an adverse impact on the Canadian economy. The Canadian economy is dependent on and may be significantly affected by the U.S. economy, given that the United States is Canada’s largest trading partner and foreign investor. Reduction in spending on Canadian products and services or changes in the U.S. economy may adversely impact the Canadian economy.


Commodities and Commodity-Linked Derivatives. Exposure to the commodities markets, such as precious metals, industrial metals, gas and other energy products and natural resources, may subject the Fund to greater volatility than investments in traditional securities. The commodities markets may fluctuate widely based on a variety of factors including changes in overall market movements, political and economic events and policies, war, acts of terrorism, natural disasters, and changes in interest rates or inflation rates. Because the value of a commodity-linked derivative instrument and structured note typically are based upon the price movements of physical commodities, the value of these securities will rise or fall in response to changes in the underlying commodities or related index of investment.


Commodities and Commodity-Linked Derivatives Tax Risk. The tax treatment of commodity-linked derivative instruments may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain commodity-linked derivatives were treated as non-qualifying income, the Fund might fail to qualify as a regulated investment company and/or be subject to federal income tax at the Fund level. The uncertainty surrounding the treatment of certain derivative instruments under the qualification tests for a regulated investment company may limit the Fund’s use of such derivative instruments.


Concentration in Gold-Mining Industry. The Fund may be subject to greater risks and market fluctuations than a fund whose portfolio has exposure to a broader range of industries. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the gold industry. Fluctuations in the price of gold often dramatically affect the profitability of companies in the gold industry.


Derivatives. The use of derivatives, such as swap agreements, options, warrants, futures contracts, currency forwards and structured notes, presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying security, asset, index or reference rate. Derivative strategies often involve leverage, which may exaggerate a loss, potentially causing the Fund to lose more money than it would have lost had it invested in the underlying security. Also, a liquid secondary market may not always exist for the Fund’s derivative positions at times when the Fund might wish to terminate or sell such positions. Over the counter instruments may be illiquid, and transactions in derivatives traded in the over-the-counter market are subject to counterparty risk.


Direct Investments. Direct investments may involve a high degree of business and financial risk that can result in substantial losses. Because of the absence of any public trading market for these investments, the Fund may take longer to liquidate these positions than would be the case for publicly traded securities. Direct investments are generally considered illiquid and will be aggregated with other illiquid investments for purposes of the limitation on illiquid investments.


Emerging Market Securities. Emerging market securities typically present even greater exposure to the risks described under “Foreign Securities” and may be particularly sensitive to certain economic changes. Emerging market securities are exposed to a number of risks that may make these investments volatile in price or difficult to trade.


Foreign Currency Transactions. An investment transacted in a foreign currency may lose value due to fluctuations in the rate of exchange. These fluctuations can make the return on an investment go up or down, entirely apart from the quality or performance of the investment itself.


Foreign Securities. Foreign investments are subject to greater risks than U.S. domestic investments. These additional risks may include exchange rate fluctuations and exchange controls; less publicly available information; more volatile or less liquid securities markets; and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Foreign companies also may be subject to significantly higher levels of taxation than U.S. companies, including potentially confiscatory levels of taxation, thereby reducing the earnings potential of such foreign companies.


Investments in Other Investment Companies. The Fund’s investment in another investment company may subject the Fund indirectly to the underlying risks of the investment company. The Fund also will bear its share of the underlying investment company’s fees and expenses, which are in addition to the Fund’s own fees and expenses.


Management. Investment decisions made by the Adviser in seeking to achieve the Fund’s investment objective may not produce the returns expected by the Adviser, may cause a decline in the value of the securities held by the Fund and, in turn, cause the Fund’s shares to lose value or underperform other funds with similar investment objectives.


Market. Market risk refers to the risk that the market prices of securities that the Fund holds will rise or fall, sometimes rapidly or unpredictably. In general, equity securities tend to have greater price volatility than debt securities.


Non-Diversification. A non-diversified fund’s greater investment in a single issuer makes the fund more susceptible to financial, economic or market events impacting such issuer. A decline in the value of or default by a single security in the non-diversified fund’s portfolio may have a greater negative effect than a similar decline or default by a single security in a diversified portfolio.


Operational. The Fund is exposed to operational risk arising from a number of factors, including but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or system failures.


Regulatory. Changes in the laws or regulations of the United States or the Cayman Islands, including any changes to applicable tax laws and regulations, could impair the ability of the Fund to achieve its investment objective and could increase the operating expenses of the Fund or the Subsidiary. For example, in 2012, the U.S. Commodity Futures Trading Commission (“CFTC”) adopted amendments to its rules that affect the ability of certain investment advisers to registered investment companies and other entities to rely on previously available exclusions or exemptions from registration under the Commodity Exchange Act of 1936, as amended (“CEA”) and regulations thereunder. In addition, the CFTC or the SEC could at any time alter the regulatory requirements governing the use of commodity futures, options on commodity futures, structured notes or swap transactions by investment companies, which could result in the inability of the Fund to achieve its investment objective through its current strategies.


Small- and Medium-Capitalization Companies. Securities of small- and medium-sized companies often have greater price volatility, lower trading volume and less liquidity than larger more established companies. The stocks of small- and medium-sized companies may have returns that vary, sometimes significantly, from the overall stock market.


Subsidiary. By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act, and, unless otherwise noted in this prospectus, is not subject to all the investor protections of the 1940 Act.

PERFORMANCE

The following chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance and one or more other performance measures. For instance, the NYSE Arca Gold Miners Index is a modified market capitalization-weighted index comprised of publicly traded companies primarily involved in the mining of gold and silver in locations around the world. The MSCI All Country World Index (ACWI) represents large- and mid-cap companies across 23 developed and 23 emerging market countries. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The annual returns in the bar chart are for the Fund’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be lower than those shown.


Additionally, large purchases and/or redemptions of shares of a class, relative to the amount of assets represented by the class, may cause the annual returns for each class to differ. Updated performance information for the Fund is available on the VanEck website at vaneck.com.

CLASS A: Annual Total Returns (%) as of 12/31
Bar Chart

 

 

 

 

 

Best Quarter:

 

+46.89%

 

2Q ’16

Worst Quarter:

 

-33.43%

 

2Q ’13

Average Annual Total Returns as of 12/31/16
Average Annual Returns - International Investors Gold Fund
1 Year
5 Years
10 Years
Life of Class
Inception Date
Class A 44.27% (13.95%) (1.88%)   Feb. 10, 1956
Class C 51.00% (13.59%) (2.03%)   Oct. 03, 2003
Class I 53.63% (12.55%) 0.51%   Oct. 02, 2006
Class Y 53.49% (12.67%)   (9.09%) Apr. 30, 2010
After Taxes on Distributions | Class A [1] 40.29% (14.53%) (3.19%)  
After Taxes on Distributions and Sale of Fund Shares | Class A 24.99% (9.88%) (1.12%)    
NYSE Arca Gold Miners Index (reflects no deduction for fees, expenses or taxes) 54.35% (15.40%) (5.14%)    
MSCI All Country World Index (reflects no deduction for fees, expenses or taxes) 8.49% 9.96% 4.12%    
[1] After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. These returns are shown for one class of shares only; after tax-returns for the other classes may vary. Actual after-tax returns depend on your individual tax situation and may differ from those shown in the preceding table. The after-tax return information shown above does not apply to Fund shares held through a tax-deferred account, such as a 401(k) plan or Investment Retirement Account.

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