LLL

Stone Ridge 2049 Inflation-Protected Longevity Income ETF

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Key stats


Assets under management (AUM)
‪3.17 M‬USD
Fund flows (1Y)
‪2.97 M‬USD
Dividend yield (indicated)
5.96%
Discount/Premium to NAV
−0.09%

About Stone Ridge 2049 Inflation-Protected Longevity Income ETF


Issuer
Stone Ridge Holdings Group LP
Brand
Stone Ridge
Expense ratio
0.50%
Inception date
Sep 16, 2024
Index tracked
No Underlying Index
Management style
Active
LIAC invests in US Treasury securities, mainly TIPS, aiming for predictable cashflows through 2049. In 2029, investors can opt for Longevity-Linked Distributions via a closed-end fund with payments up to age 100 or Term Distributions continuing through 2049, or a mix. Both Fund and closed-end funds aim to liquidate by 2049, distributing all assets then ceasing distributions. Initially, monthly payouts are $0.0833 per share, adjusted for inflation, until 2029 when it recalibrates to approximately $0.0760 monthly until 2049. Inflation adjustments are based on the Consumer Price Index and distributions are made around the 3rd business day each month. A portion of each monthly distribution is considered return capital, reducing the amount for investment and lowering the investor's tax basis in their shares.

Classification


Asset Class
Fixed income
Category
Government, inflation-linked
Focus
Investment grade
Niche
Long-term
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government96.69%
Mutual fund2.97%
Cash0.33%
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