EIVPX Fees and Costs — Parametric Volatility Risk Premium - Defensive Fund, Class I
Data updated: 2026-09-24
The net expense ratio is 0.46%: a 0.40% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $22K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 25%.
EIVPX Fees and Expenses
Annual operating expenses and sales charges of EIVPX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.46% |
| Fee waiver | — |
| Net expense ratio | 0.46% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EIVPX Costs Over Time
On $10,000 invested in EIVPX, assuming 5% a year before costs, total costs come to $292 over 5 years, cutting the return by 0.48% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.46%) | $48 | $152 | $264 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $48 | $160 | $292 |
| Value after costs | $10,452 | $11,417 | $12,471 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
EIVPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0018%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $31.2M
- Net income from securities lending: $117K (0.010% of average net assets)
EIVPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities Co., Ltd. | $9K | 40.61% |
| Liquidnet, Inc. | $3K | 13.84% |
| RBC Capital Markets, LLC | $3K | 13.60% |
| Piper Sandler & Co. | $2K | 11.18% |
| Fidelity Brokerage Services LLC | $2K | 8.77% |
| Oppenheimer & Co. Inc. | $1K | 5.68% |
| Jefferies LLC | $901 | 4.15% |
| Loop Capital Markets LLC | $470 | 2.16% |
EIVPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $1.4B | 67.20% |
| BMO Capital Markets Corp. | $575.0M | 27.70% |
| Goldman Sachs & Co. LLC | $27.4M | 1.32% |
| BofA Securities, Inc. | $23.0M | 1.11% |
| J.P. Morgan Securities LLC | $21.0M | 1.01% |
| BNY Capital Markets, LLC | $14.9M | 0.72% |
| RBC Capital Markets, LLC | $13.0M | 0.62% |
| Wells Fargo Securities, LLC | $6.3M | 0.30% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.