IVOL Fees and Costs — Quadratic Interest Rate Volatility and Inflation Hedge ETF
Data updated: 2026-08-28
The net expense ratio is 0.98% (1.02% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 0%.
IVOL Fees and Expenses
Annual operating expenses and sales charges of IVOL. Prospectus, as of August 19, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
IVOL Costs Over Time
On $10,000 invested in IVOL, assuming 5% a year before costs, total costs come to $613 over 5 years, cutting the return by 1.03% 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 0.98%) | $103 | $321 | $557 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $613 |
| Value after costs | $10,397 | $11,239 | $12,150 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
IVOL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $110.7M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
IVOL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $4.2M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.