Parametric Volatility Risk Premium- Defensive Fund uses a thoughtful, systematic approach to options trading without using leverage or forecasting. The strategy earns an inaugural Morningstar Analyst Rating of Bronze for its only share class thanks to low fees and a close-knit team continually evolving the strategy.
Parametric Volatil Risk Prm-Defensv Insl EIVPX
NAV / 1-Day Return
12.96
/
0.99
%
Total Assets
851.1 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.470%
Expense Ratio
0.470%
Fee Level
Low
Longest Manager Tenure
5.38
years
Category
Options Trading
Alt Style Correlation / Relative Volatility
High / MediumMin. Initial Investment
—
Status
Open
TTM Yield
0.32%
Turnover
12%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will EIVPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EIVPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the EIVPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of EIVPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Thoughtful, systematic options trading.
