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About LifeX 2062 Inflation-Protected Longevity Income ETF
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Inception date
Sep 16, 2024
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
LIAW invests in US Treasury securities, mainly TIPS, aiming for predictable cashflows through 2062. In 2042, investors can opt for Longevity-Linked Distributions via a closed-end fund with payments up to age 100 or Term Distributions continuing through 2062, or a mix. Both Fund and closed-end funds aim to liquidate by 2062, distributing all assets then ceasing distributions. Initially, monthly payouts are $0.0833 per share, adjusted for inflation, until 2042 when it recalibrates to approximately $0.0760 monthly until 2062. 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. Before February13, 2025, the fund utilized Stone Ridge for branding instead of LifeX.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
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