EIVPX – Parametric Volatil Risk Prm-Defensv I Investment Strategy | Morningstar

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Strategy

The investment seeks total return. The fund pursues its objective by investing in a base portfolio that is generally comprised of an approximately equal mix of equity securities and money market instruments. It writes (sells) call options on the S&P 500® Index, a broad-based U.S. stock market index, and/or a substitute for the S&P 500® Index on substantially the full value of the fund's equity securities. The fund's equity investments consist of a diversified portfolio of common stocks that seeks to approximate the pretax total return performance of the S&P 500® Index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
EIVPX	Parametric Volatility Risk Premium Defense Fund Class I	Institutional	Open			Feb 9, 2017	$1.46B	0.460%	Low	$1M	$100.26M

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