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Vaneck® ICAV (An Umbrella Fund with Segregated Liability Between Sub-Funds) an Open-Ended Irish Collective Asset Management

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Vaneck® ICAV (An Umbrella Fund with Segregated Liability Between Sub-Funds) an Open-Ended Irish Collective Asset Management VanEck® ICAV (An umbrella fund with segregated liability between sub-funds) An open-ended Irish collective asset management vehicle which is constituted as an umbrella fund with segregated liability between sub-funds and with variable capital The ICAV was registered under the laws of Ireland with registered number C158225 PROSPECTUS This Prospectus is dated 10 March 2021 The Directors of VanEck ICAV whose names appear in the section entitled Directors of the ICAV of the Prospectus below accept responsibility for the information contained in this Prospectus and each relevant Supplement. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure such is the case), the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. 10051233v1 TABLE OF CONTENTS 1 Directory .............................................................................................................................................................. 4 2 Introduction ......................................................................................................................................................... 1 3 Directors of the ICAV .......................................................................................................................................... 4 4 The ICAV ............................................................................................................................................................. 5 5 Manager .............................................................................................................................................................. 6 6 Investment Manager ........................................................................................................................................... 6 7 Distributor ............................................................................................................................................................ 6 8 Depositary ........................................................................................................................................................... 7 9 Administrator ....................................................................................................................................................... 9 10 Paying Agents/Correspondent Banks ................................................................................................................. 9 11 Sub-Funds ........................................................................................................................................................... 9 12 Use of Financial Derivative Instruments and Efficient Portfolio Management ................................................... 15 13 Risk Factors ...................................................................................................................................................... 25 14 Portfolio Transactions and Conflicts of Interest ................................................................................................. 37 15 Subscription for Shares ..................................................................................................................................... 38 16 Redemption of Shares ...................................................................................................................................... 42 17 Exchange of Shares .......................................................................................................................................... 45 18 Limitations on Exchanges ................................................................................................................................. 46 19 Prevention of Late Trading and Market Timing ................................................................................................. 46 20 Cross Investment .............................................................................................................................................. 46 21 EU Benchmark Regulation ................................................................................................................................ 47 22 Calculation of Net Asset Value / Valuation of Assets ........................................................................................ 47 23 Suspension of Calculation of Net Asset Value .................................................................................................. 49 24 Form of Shares and Transfer of Shares ............................................................................................................ 51 25 Share Classes ................................................................................................................................................... 51 26 Notification of Prices ......................................................................................................................................... 51 27 Fees and Expenses .......................................................................................................................................... 52 28 Taxation ............................................................................................................................................................ 54 29 General Information .......................................................................................................................................... 58 30 Material Contracts ............................................................................................................................................. 63 31 Miscellaneous ................................................................................................................................................... 64 Appendix 1 – Definitions .............................................................................................................................................. 66 Appendix 2 – Markets .................................................................................................................................................. 73 Appendix 3 – Sub-Delegates ....................................................................................................................................... 78 Appendix 4 – Definition of U.S. Person ....................................................................................................................... 82 SUPPLEMENT 1 ........................................................................................................................................................... 84 2 10051233v1 VanEck – Global Gold UCITS ....................................................................................................................................... 84 SUPPLEMENT 2 ........................................................................................................................................................... 99 VanEck – Emerging Markets Equity UCITS .................................................................................................................. 99 SUPPLEMENT 3 ......................................................................................................................................................... 115 VanEck – Emerging Markets Bond UCITS ................................................................................................................. 115 SUPPLEMENT 4 ......................................................................................................................................................... 134 VanEck – Global Resources UCITS ........................................................................................................................... 134 ADDITIONAL INFORMATION FOR INVESTORS IN AUSTRIA……………………………………………................. 147 3 10051233v1 1 DIRECTORY LEGAL ADVISERS VanEck ICAV Dillon Eustace 33 Sir John Rogerson’s Quay 33 Sir John Rogerson’s Quay Dublin 2 Dublin 2 Ireland Ireland D02 XK09 D02 XK09 DIRECTORS SECRETARY Jonathan R. Simon Tudor Trust Limited Bruce J. Smith 33 Sir John Rogerson’s Quay Adam Phillips Dublin 2 Mary Canning Ireland Jon Lukomnik D02 XK09 Adrian Waters Gijsbert Koning MANAGER DISTRIBUTOR VanEck Asset Management B.V. VanEck (Europe) GmbH Barbara Strozzilaan 310 Kreuznacher Str. 30 1083 HN Amsterdam 60486 Frankfurt The Netherlands Germany INVESTMENT MANAGER Van Eck Associates Corporation 666 Third Avenue - 9th Floor New York, NY 10017 United States DEPOSITARY State Street Custodial Services (Ireland) Limited 78 Sir John Rogerson's Quay Dublin 2 Ireland D02 HD32 ADMINISTRATOR State Street Fund Services (Ireland) Limited 78 Sir John Rogerson's Quay Dublin 2 Ireland D02 HD32 AUDITORS KPMG 1 Stokes Place St. Stephen's Green Dublin 2 Ireland D02 DE03 4 10051233v1 2 INTRODUCTION If Applicants are in any doubt about the contents of this Prospectus and the relevant Supplement Applicants are recommended to consult a stockbroker, bank manager, solicitor, accountant or other financial adviser. The ICAV was registered as an umbrella Irish collective asset-management vehicle with segregated liability between sub-funds pursuant to Part 2, Chapter 1 of the Irish Collective Asset-management Vehicles Act 2015 (the ICAV Act) and is authorised by the Central Bank of Ireland (the Central Bank) pursuant to
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