Rhea-AI Summary
VanEck CLO ETF (CLOI) reduced its management fee effective October 7, 2026, lowering its total expense ratio to 0.29%.
The expense ratio was previously 0.36%, and this is CLOI’s second fee cut in the last year. MetLife Investment Management actively manages the fund, which invests in investment-grade collateralized loan obligation tranches—portions of securities backed by pools of loans. As of September 30, 2026, CLOI’s net asset value return was slightly above the J.P. Morgan CLO IG Index over three months, below it year to date, and equal over one year. The adviser has also agreed to pay the fund’s offering costs until at least May 1, 2027.
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FAQ
What is the current stock price of VanEck CLO ETF (CLOI)?
VanEck CLO ETF (CLOI) last closed at $52.86.