Important Disclosures

^* Redemptions may be suspended under certain circumstances.

VanEck EM Debt Opportunities Fund LP (the “Fund”) is not an investment company registered under the Investment Company Act of 1940, and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940. While the Fund may trade commodity futures, commodity options contracts and other CFTC Regulated Products, the General Partner intends to rely on the CFTC Rule 4.13(a)(3) exemption from registration as a Commodity Pool Operator (“CPO”) and at all times the Fund will meet (i) trading limitations, (ii) investor suitability requirements and (iii) offering and marketing restrictions. Before making an investment decision, you should carefully consider the risk factors and other information included in the Private Placement Memorandum (“PPM”).

The Fund is available to Qualified Purchasers Only. Please carefully read the Private Placement Memorandum before investing. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. There is no guarantee the Fund will achieve its investment objective and investors may lose their entire investment. The Fund is not suitable for all investors. Past performance is not a guarantee of future results.

The Fund’s investment program is speculative and entails substantial risks. There can be no assurance that the Fund’s investment objective will be achieved.

Your individual performance may be different and will be reflected in your monthly investor statement. It is important to rely on the monthly investor statement that you receive from the fund’s Administrator, as the statement will indicate your individual performance. An individual investor’s performance may differ, perhaps materially, from the performance results set forth herein due to a number of factors, including (a) participation in new issues, (b) timing of individual contributions/ subscriptions and withdrawals/redemptions, (c) any accumulated loss carryforwards and (d) different expenses, fees and other charges paid by certain investors.

An investment in the Fund is subject to risks, including, but not limited to, emerging markets debt-related, market, regulatory, currency, and operational risks. These include risks associated with: sovereign and quasi-sovereign debt (including the risk that sovereign issuers may invoke sovereign immunity, redenominate obligations, or unilaterally alter payment terms; restructurings may be implemented through collective action clauses); foreign currency fluctuations and currency devaluation in emerging market countries; interest rate sensitivity and the inverse relationship between interest rates and fixed income valuations; below-investment-grade and distressed debt securities, which are subject to elevated default, downgrade, restructuring and recovery uncertainties; limited liquidity in emerging market securities markets, including thin trading, settlement failures, and restricted ability to sell positions; political instability, governmental intervention, expropriation, confiscatory taxation, and economic disruption in emerging market countries; limited or unreliable financial disclosure and accounting standards among emerging market issuers; concentration risk arising from the Fund’s high-conviction, high-active-share approach, which may result in losses disproportionate to general market movements; leverage risk, including the use of derivatives, short sales, swaps, forwards, futures, and borrowed funds, which can amplify losses beyond the amount invested; counterparty risk in connection with over-the-counter derivative transactions; the risk that the Fund’s gate provision may restrict or delay quarterly withdrawals; and key personnel risk, as the Fund’s success is substantially dependent on the continued involvement of its portfolio management team. There can be no assurance that the Fund will achieve its objectives or avoid substantial losses. Please note that this is not an exhaustive list of risks pertaining to the Fund. Please read carefully the PPM for a complete list of potential risks. Please contact us at [email protected] for the Private Placement Memorandum which contains additional risk information.

VAN ECK ABSOLUTE RETURN ADVISERS CORPORATION ("VEARA"), THE GENERAL PARTNER OF THE FUND, IS REGISTERED AS A COMMODITY POOL OPERATOR AND IS A MEMBER OF NFA, AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. THE FUND MAY TRADE FUTURES AND OPTIONS ON FUTURES AND MAY THEREFORE BE DEEMED A COMMODITY POOL UNDER THE COMMODITY EXCHANGE ACT. VEARA HAS CLAIMED AN EXEMPTION FROM REGISTRATION AS A COMMODITY TRADING ADVISER WITH RESPECT TO THE FUND PURSUANT TO CFTC RULE 4.13(a)(3).

Information provided by Van Eck is not intended to be, nor should it be construed as financial, tax or legal advice. It is not a recommendation to buy or sell any security.

© Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation