Stone Ridge Trust - LifeX 2055 Longevity Income ETF
LFAO
Chicago Board Options Exchange- -
USD
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 510 Madison Avenue, 21st Floor New York NY United States of America 10022
- IPO Date
- Sep 16, 2024
- Similar Companies
- Business
- Stone Ridge Trust – LifeX 2055 Longevity Income ETF is a U.S.-domiciled, actively managed exchange-traded fund that seeks to provide investors with reliable monthly distributions of income and principal through 2055. The fund, which commenced operations in 2024 and trades under the ticker LFAO, is part of Stone Ridge Asset Management LLC’s LifeX Longevity Income ETF family and is designed around the life expectancy profile of individuals born in 1955, with planned liquidation in the year that modeled cohort reaches age 100. LFAO invests primarily in U.S. Treasury securities and may invest in money market funds holding exclusively U.S. government obligations or in repurchase agreements collateralized by such obligations; it structures the timing and amount of its Treasury cash flows to support intended monthly shareholder distributions. The ETF intends to distribute $0.8333 per share monthly through December 2034 and $0.6250 per share monthly from January 2035 through its scheduled 2055 end year, subject to the fund’s ability to maintain its distribution program; distributions are expected to include both Treasury interest income and return of capital. The fund targets U.S. retail investors, retirees, financial advisers and retirement-income planners seeking a single-ticker, fixed-horizon cash-flow vehicle rather than a perpetual investment fund; its shares trade on a U.S. securities exchange and are distributed by Foreside Financial Services LLC. Stone Ridge Asset Management manages the fund as part of its New York-based Stone Ridge asset-management platform. Recent developments include Stone Ridge’s 2025 expansion of the LifeX franchise through the introduction of the LifeX 2028 Income Bucket ETF and LifeX 2030 Income Bucket ETF, broadening the platform’s retirement-income offerings across shorter-term bucket strategies and long-duration Longevity Income ETFs. The LifeX platform also has undergone a product-suite simplification initiative involving the reorganization of certain Longevity Income ETF series into the 2050, 2055, 2060 and 2065 maturity-year funds, reinforcing LFAO’s position as a core 2055 fixed-distribution offering.