Symbols

LFDR

LifeX Durable Income ETF·CBOE

--(--)

Key Stats

Assets Under Management

882.88KUSD

Fund Flows (1Y)

564.40KUSD

Dividend Yield

13.03%

Discount/Premium to NAV

0.01%

Shares Outstanding

4.60K

Expense Ratio

0.25%

About LifeX Durable Income ETF

Issuer

Stone Ridge Holdings Group LP

Brand

Stone Ridge

Home Page

https://www.lifexfunds.com/etfs/lfdr

Inception Date

Jan 8, 2024

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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

Distributor

LFDR invests in US Treasury securities, targeting monthly distributions of income and principal over a thirty-year time horizon. In managing US Treasurys, a distribution rate is calculated based on the payout rate of a 30-year Treasury bond ladder and the funds unified management fee. Yearly in January, its per-share distribution rate is recalibrated based on current market interest rates, enabling operations and monthly distributions in perpetuity. Including a portion of principal in each monthly distribution allows for a higher level of cashflow than interest income alone. Returning capital and recalibrating on a yearly basis also leads to the decline of the per-share distribution rate over time. Distributions are typically on the 3rd business day of each month.