Mraz Amerine & Associates’s Quadratic Interest Rate Volatility and Inflation Hedge ETF IVOL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$580K	Hold	30,989	–	–	0.09%	113
2025 Q4	$594K	Hold	30,989	–	–	0.09%	112
2025 Q3	$597K	Hold	30,989	–	–	0.09%	115
2025 Q2	$606K	Sell	30,989 -2,825	-8%	-$54.8K	0.1%	110
2025 Q1	$632K	Sell	33,814 -187	-0.5%	-$3.37K	0.11%	100
2024 Q4	$603K	Hold	34,001	–	–	0.11%	101
2024 Q3	$655K	Sell	34,001 -5,865	-15%	-$112K	0.12%	101
2024 Q2	$738K	Sell	39,866 -7,274	-15%	-$135K	0.15%	92
2024 Q1	$892K	Hold	47,140	–	–	0.17%	86
2023 Q4	$975K	Hold	47,140	–	–	0.2%	80
2023 Q3	$969K	Sell	47,140 -90	-0.2%	-$1.85K	0.22%	74
2023 Q2	$972K	Sell	47,230 -8,705	-16%	-$195K	0.23%	76
2023 Q1	$1.27M	Sell	55,935 -1,400	-2%	-$30.9K	0.31%	64
2022 Q4	$1.3M	Sell	57,335 -3,859	-6%	-$87.2K	0.31%	58
2022 Q3	$1.36M	Sell	61,194 -3,488	-5%	-$85.1K	0.36%	51
2022 Q2	$1.64M	Sell	64,682 -665	-1%	-$17K	0.42%	41
2022 Q1	$1.67M	Sell	65,347 -950	-1%	-$25K	0.4%	48
2021 Q4	$1.78M	Buy	66,297 +2,021	+3%	+$55.2K	0.46%	38
2021 Q3	$1.79M	Buy	64,276 +8,714	+16%	+$243K	0.49%	35
2021 Q2	$1.53M	Buy	55,562 +38,320	+222%	+$1.09M	0.42%	42
2021 Q1	$493K	Buy	+17,242	New	+$492K	0.14%	97