IVOL Quadratic Interest Rate Volatility and Inflation Hedge ETF

*Unless otherwise stated, data provided by FactSet.

IVOL Fund Description

IVOL is an actively managed portfolio of TIPS and long options tied to the U.S. interest rate swap curve.

IVOL Factset Analytics Insight

IVOL actively attempts to protect against inflation and to hedge yield curve shifts and interest rate volatility using TIPS (or TIPS-based ETFs) and long options. IVOL’s over-the-counter options on the U.S. interest rate swap curve are described in its prospectus as responding to changes in the steepness of the yield curve, and to the volatility of interest rates. The cost of the options will decrease IVOL’s returns relative to TIPS in a steady interest rate environment but may prove their worth in a volatile one.

PERFORMANCE [as of 09/30/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IVOL -6.14% -11.76% -15.72% -17.93% -1.04% -- --
IVOL (NAV) -6.36% -11.51% -15.02% -16.95% -0.54% -- --
No Underlying Index -- -- -- -- -- -- --
Bloomberg US Treasury Inflation Protected Notes (TIPS) -6.62% -5.14% -13.61% -11.57% 0.79% 1.95% 0.98%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IVOL Summary Data

CICC
Quadratic
05/13/19
Open-Ended Fund
1.03%
$1.16B
$12.46M
0.09%

IVOL Portfolio Data

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N/A
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IVOL Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg US Treasury Inflation Protected Notes (TIPS)

IVOL Portfolio Management

1.03%
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IVOL Tax Exposures

20.00% / 39.60%
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Ordinary income
No

IVOL Fund Structure

Open-Ended Fund
Yes
No
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N/A
N/A
Low
Daily

IVOL Factset Analytics Block Liquidity

As of 10/03/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IVOL. IVOL is rated a N/A out of 5.

IVOL Tradability

547,531
$12.46M
304,783
$7.04M
0.09%
$0.02
-0.07%
1.75% / -1.48%
None
100.00%
25,000
12.19
0.04%
0.51%
541
$22.26
N/A

IVOL Sector/Industry Breakdown


IVOL
Segment Benchmark
82.76%
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17.24%
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IVOL Top 10 Holdings

14.14%
1.76%
100.00%

IVOL Performance Statistics

0.34
1.02
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IVOL Holdings Statistics

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IVOL Avg Life Maturity Distribution

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IVOL OAS Breakdown

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