No fee changes in the ETF filings reviewed Wednesday, but two ETFs file to close
The ETF filings reviewed for Wednesday, September 30, 2026 carried no fee change and no updated lineup but two ETF closure notices, and remaining holders of the Beacon Tactical Risk ETF are due cash on or about that day.
Key takeaways
The ETF filings we reviewed for Wednesday, September 30, carried no fee change and no updated fund lineup, but two ETFs filed to close.
Morgan Stanley ETF Trust said in a supplement dated September 30 that it will liquidate the Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF CDEI on or about Monday, November 2. Its last full day of trading on NYSE Arca is expected to be Friday, October 23. The board of Spinnaker ETF Series approved the liquidation of the Langar Global HealthTech ETF LGHT on Monday, September 28. The fund last trades on Cboe BZX on Friday, October 30. Holders who have not sold by then receive cash at the net asset value of their shares, expected on or about Friday, November 6.
The Beacon Tactical Risk ETF BTR invested equally across 11 sector ETFs when market performance was favorable and shifted to fixed-income ETFs, which are bond funds, when stock performance turned negative, Beacon said on Thursday, September 3. The fund's board voted that day to close and liquidate it. The fund last traded on Wednesday, September 23.
Remaining holders of BTR are due cash on or about Wednesday, at the net asset value of their shares, what each share of the fund is worth. The September 3 supplement says that cash is generally treated as a sale of the shares, so it can mean a gain or a loss depending on what the shares cost the holder.
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Frequently asked questions
Were there any fee changes in Wednesday's ETF filings?
The filings reviewed for Wednesday, September 30 carried no fee change.
Did any ETF file to close or update its lineup?
Those filings carried no updated fund lineup, but two ETFs filed to close: Morgan Stanley's Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI), liquidating on or about November 2, and Spinnaker's Langar Global HealthTech ETF (LGHT), which last trades on October 30.
When do remaining Beacon Tactical Risk ETF holders get their cash?
They are due cash on or about Wednesday at the net asset value of their shares.
Does that cash count as a sale of the shares?
The September 3 supplement says the cash is generally treated as a sale, so it can mean a gain or a loss depending on what the shares cost the holder.
