---
title: "VanEck cuts its CLO ETF fee from 0.36% to 0.29%"
url: "https://etf.net/news/vaneck-cuts-its-clo-etf-fee-from-0-36-to-0-29-2026-10-08"
published_at: "2026-10-08T23:39:34.007Z"
updated_at: "2026-10-08T23:39:34.007Z"
byline: "ETF.net Research"
---

# VanEck cuts its CLO ETF fee from 0.36% to 0.29%

The revised summary prospectus for the VanEck CLO ETF, CLOI, dated Wednesday, October 7, 2026, prints total annual fund operating expenses of 0.29%, down from 0.36%.

By ETF.net Research. Published Oct 8, 2026.

VanEck cut the total annual fund operating expenses of the VanEck CLO ETF, CLOI, to **0.29%**. In the filings dated Wednesday, October 7, that is the fee cut on a fund a person can already hold. No fund filed to close.

CLOI holds investment-grade slices of collateralized loan obligations, built from pools of corporate loans. It held $1.7 billion as of Thursday, October 8, 2026.

The summary prospectus dated May 1, 2026 put the management fee and total annual fund operating expenses at 0.36%. Wednesday's revision prints 0.29% for both, 0.07 percentage points less. There is no waiver, so the lower figure is the fee itself.

The prospectus example puts the one-year cost of a $10,000 investment at $30, against $37 in the May 1 prospectus. The example assumes a 5% annual return and that expenses stay at the printed rate.

VanEck said the cut in the fund's management fee took effect that day.

VanEck last cut this fee on September 8, 2025, from 0.40% to 0.36%.

## Prospectuses for four recently organized funds

Three Tidal trusts, legal trusts that hold funds run by other advisers, filed summary prospectuses dated October 7 for four funds.

Table: Fund, Annual cost

The waiver on the two Subversive funds runs through at least January 28, 2028. It does not cover every expense, so the cost after the waiver can exceed 0.30%. The other two funds show no waiver.

The Subversive prospectuses use "Redacted" for companies the adviser leaves out: those it identifies as founded, controlled, or led by Mr. Musk, or otherwise primarily associated with him. As of the prospectus date, that includes Tesla, and, for the growth fund, Space Exploration Technologies. "Mag 3" is the emerging-markets prospectus term for the three largest emerging-market companies, by market value, with a significant artificial intelligence business.

Three of the prospectuses say the fund has no operating history. The technology income fund's prospectus says its operating history is limited.

## Registrations that took effect

Two amendments list October 7 as the effectiveness date, the day they were filed.

Managed Portfolio Series, also a legal trust that holds funds run by other advisers, did this for 15 Tuttle Capital funds. The October 7 prospectus sets total annual fund operating expenses at 0.75% for each, equal to the management fee. The funds' statement of additional information says they had not commenced operations.

Northern Funds did the same for the Northern Trust Equity Income ETF, QDFI. The October 7 prospectus sets total annual fund operating expenses at 0.46% and says the fund is new, with no performance history.

A supplement dated September 25 reports a board meeting on September 24. The board approved a reorganization of the Income Equity Fund into this ETF, which Northern Trust Investments will keep managing. The proposed date is January 22, 2027. Completion is subject to conditions in the plan of reorganization, and shareholders are not required to approve it.

A shareholder who wants the ETF shares has to hold the mutual fund in a brokerage account or retirement plan that can accept them. The supplement recommends that move by December 22, 2026.

A shareholder who takes no action, and is not already in an account that can hold the ETF, receives cash instead. The supplement says that cash may be taxable, while the share exchange itself is structured to be tax-free.

Source: etf.net, https://etf.net/news/vaneck-cuts-its-clo-etf-fee-from-0-36-to-0-29-2026-10-08. Please cite the page URL.