Key stats
About LifeX 2048 Longevity Income ETF
Home page
Inception date
Sep 16, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Stone Ridge Asset Management LLC
ISIN
US86172B1061
LFAE targets monthly distributions of income and principal through the end of 2048, less operating fees. Managing US Treasury securities, a distribution rate is calculated based on the life expectancy of individuals born in 1948. In April 2028, the distribution rate is recalibrated, reducing payouts and rebalancing the portfolio to mitigate interest rate changes. At this time, shareholders turning 80 can choose between Longevity-Linked Distributions through a closed-end fund, offering monthly payments for life up to age 100, or Term Distributions, with monthly payouts continuing through 2048, or a combination of both. Both the Fund and closed-end funds will liquidate by 2048, distributing all assets and ceasing distributions. Distributions are typically on the 3rd business day of 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. Before February7, 2025, the fund utilized Stone Ridge for branding instead of LifeX.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government96.78%
Mutual fund2.74%
Cash0.48%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LFAE top holdings are United States Treasury Bond 4.5% 15-FEB-2044 and United States Treasury Bond 2.375% 15-NOV-2049, occupying 26.18% and 10.46% of the portfolio correspondingly.
LFAE last dividends amounted to 0.83 USD. The month before, the issuer paid 0.83 USD in dividends,
LFAE assets under management is 1.53 M USD. It's risen 28.82% over the last month.
LFAE fund flows account for 1.79 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LFAE pays dividends to its holders with the dividend yield of 8.56%. The last dividend (Sep 4, 2025) amounted to 0.83 USD. The dividends are paid monthly.
LFAE shares are issued by Stone Ridge Holdings Group LP under the brand Stone Ridge. The ETF was launched on Sep 16, 2024, and its management style is Active.
LFAE expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
LFAE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LFAE invests in bonds.
LFAE price has fallen by −0.83% over the last month, and its yearly performance shows a −11.74% decrease. See more dynamics on LFAE price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.02% over the last month, showed a 1.94% increase in three-month performance and has increased by 4.37% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.02% over the last month, showed a 1.94% increase in three-month performance and has increased by 4.37% in a year.
LFAE trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.