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About Stone Ridge Trust Stone Ridge 2064 Inflation-Protected Longevity 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
LIAY invests in US Treasury securities, mainly TIPS, aiming for predictable cashflows through 2064. In 2044, investors can opt for Longevity-Linked Distributions via a closed-end fund with payments up to age 100 or Term Distributions continuing through 2064, or a mix. Both Fund and closed-end funds aim to liquidate by 2064, distributing all assets then ceasing distributions. Initially, monthly payouts are $0.0833 per share, adjusted for inflation, until 2044 when it recalibrates to approximately $0.0760 monthly until 2064. 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%
Government89.58%
Mutual fund9.66%
Cash0.76%
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