Q3 was a challenging period for US Fixed Income. Within just one quarter, the Fed reversed course and hiked for the first time in 3 years, oil prices rose 30% on resurgent geopolitical risk, and global yields rose to levels not seen in a quarter-century. IVOL’s performance – while not positive (NAV -2.18% in Q3) – offered diversification and performed well relative to other US Fixed Income as yields accelerated higher.

Diversification does not ensure a profit or guarantee against a loss.

For IVOL standard performance, top 10 holdings, risks, and other fund information, please click here.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month-end, please click here.