Key stats
About Stone Ridge 2059 Inflation-Protected Longevity Income ETF
Expense ratio
0.50%
Home page
Inception date
Sep 9, 2024
LIAT invests in US Treasury securities, mainly TIPS, aiming for predictable cashflows through 2059. In 2039, investors can opt for Longevity-Linked Distributions via a closed-end fund with payments up to age 100 or Term Distributions continuing through 2059, or a mix. Both Fund and closed-end funds aim to liquidate by 2059, distributing all assets then ceasing distributions. Initially, monthly payouts are $0.0833 per share, adjusted for inflation, until 2039 when it recalibrates to approximately $0.0760 monthly until 2059. 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
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government98.47%
Mutual fund1.03%
Cash0.50%
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