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About LifeX 2040 Term Income ETF
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Inception date
Jan 6, 2025
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Stone Ridge Asset Management LLC
LDER seeks to provide predictable monthly distributions of income and principal through December 2040, less operating fees. The fund delivers fixed monthly payments of $0.0833 per share, with an increasing portion of these distributions coming from the principal as the fund progresses toward its term. Investments concentrate on US Treasury debt securities and money market funds exclusively holding such securities or repurchase agreements backed by them. The fund focuses on bonds with maturities of 20 years or less. 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. Before February3, 2025, the fund utilized Stone Ridge for branding instead of LifeX.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government97.77%
Cash1.54%
Mutual fund0.68%
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