Key stats
About Quadratic Interest Rate Volatility and Inflation Hedge ETF
Home page
Inception date
May 13, 2019
Structure
Open-Ended Fund
Replication method
Synthetic
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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. IVOLs 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 IVOLs returns relative to TIPS in a steady interest rate environment but may prove their worth in a volatile one.
Classification
What's in the fund
Exposure type
ETF
Rights & Warrants
Bonds, Cash & Other100.00%
ETF80.72%
Rights & Warrants12.26%
Cash7.02%
Displays a symbol's price movements over previous years to identify recurring trends.