AAM Expands LODI Fee Waiver to First $200 Million in Assets

Advisors Asset Management has expanded the fee waiver for the AAM SLC Low Duration Income ETF (LODI), raising the asset threshold from $100 million to $200 million, effective immediately. AAM will waive 0.24% of its management fee on the fund’s first $200 million in average daily net assets, potentially lowering expenses across a larger portion of LODI’s asset base as it grows. The contractual waiver will remain in effect until at least February 28, 2027, unless terminated earlier with approval from the fund’s Board of Trustees.