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About LifeX 2051 Inflation-Protected 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
US86172B8413
LIAF invests in US Treasury securities, mainly TIPS, aiming for predictable cashflows through 2051. In 2031, investors can opt for Longevity-Linked Distributions via a closed-end fund with payments up to age 100 or Term Distributions continuing through 2051, or a mix. Both Fund and closed-end funds aim to liquidate by 2051, distributing all assets then ceasing distributions. Initially, monthly payouts are $0.0833 per share, adjusted for inflation, until 2031 when it recalibrates to approximately $0.0760 monthly until 2051. 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 February10, 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%
Government96.68%
Mutual fund3.16%
Cash0.17%
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
LIAF top holdings are United States Treasury Bond 0.875% 15-FEB-2047 and United States Treasury Bond 2.125% 15-FEB-2040, occupying 25.46% and 19.22% of the portfolio correspondingly.
LIAF last dividends amounted to 0.85 USD. The month before, the issuer paid 0.85 USD in dividends,
Yes, LIAF pays dividends to its holders with the dividend yield of 5.75%. The last dividend (Sep 4, 2025) amounted to 0.85 USD. The dividends are paid monthly.
LIAF 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.
LIAF expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
LIAF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LIAF invests in bonds.
LIAF trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.