Stone Ridge Trust - LifeX 2065 Longevity Income ETF
LFBE
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- Stone Ridge Trust - LifeX 2065 Longevity Income ETF is a United States-domiciled, actively managed fixed-income exchange-traded fund launched on January 3, 2025, and advised by Stone Ridge Asset Management LLC. The Fund seeks to provide reliable monthly distributions of income and principal through December 2065, principally for investors in its modeled 1965 birth-year cohort, which reaches age 100 in that year. It invests primarily in U.S. Treasury securities, including Treasury bonds and notes, and may invest in money market funds that hold exclusively U.S. Government Bonds and repurchase agreements collateralized by such securities; its portfolio management strategy seeks to align Treasury cash flows and interest-rate exposure with scheduled distributions. The Fund intends to make equal monthly distributions of $0.8333 per share through December 2044 and reduce the planned monthly distribution to $0.6250 per share beginning in January 2045, the year in which the modeled cohort reaches age 80; distributions are expected to include return of capital, and the Fund is designed to liquidate in 2065. LFBE is part of Stone Ridge Trust’s LifeX Longevity Income ETF family, alongside 2050, 2055 and 2060 vintage funds, and is distributed by Foreside Financial Services, LLC. Recent strategic developments include the January 2025 launch of LFBE as part of Stone Ridge’s expanded LifeX Income ETF platform, which offers Treasury-based income, term-income, durable-income and inflation-protected longevity-income ETF products; the platform also outlines a prospective closed-end-fund option intended to permit eligible members of the 1965 modeled cohort to pursue higher longevity-linked monthly payments after age 80, subject to the future availability of such a fund.