Stone Ridge Trust - LifeX Durable Income ETF
LFDR
Chicago Board Options Exchange- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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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
- Apr 24, 2025
- Similar Companies
- Business
- Stone Ridge Trust—LifeX Durable Income ETF is an actively managed, U.S.-domiciled exchange-traded fund that seeks to provide reliable monthly distributions consisting of income and principal. The fund invests principally in U.S. Treasury debt securities, including Treasury bills, notes and bonds, and may invest in money market funds that invest exclusively in U.S. government securities or repurchase agreements collateralized by such securities; it may also use U.S. government-bond futures, swaps and other derivatives for interest-rate and inflation hedging, subject to applicable limits. LFDR is designed as a monthly-pay Treasury bond-ladder investment vehicle for investors seeking planned cash flow, with distributions supported by Treasury interest income and return of principal; its net asset value is expected to decline over time as principal is distributed. The fund is managed by Stone Ridge Asset Management LLC and operates as a series of Stone Ridge Trust, an open-end management investment company organized as a Delaware statutory trust in 2012. Shares trade on Cboe BZX Exchange under the ticker LFDR, while creation and redemption activity is conducted in Creation Units through authorized participants. Stone Ridge Trust is headquartered at One Vanderbilt Avenue, 65th Floor, New York, New York. The fund commenced operations following the December 13, 2024 reorganization of a predecessor fund into the ETF, with its first ETF trading date occurring December 16, 2024. In a significant 2025 branding change, Stone Ridge Trust’s Board approved the renaming of the Stone Ridge Durable Income ETF to the LifeX Durable Income ETF, effective February 14, 2025. In July 2025, the Board also approved a 10-for-11 reverse share split for LFDR, effective after the market close on September 19, 2025, and a special one-time distribution, with a September 24, 2025 record date and September 25, 2025 payment date; the estimated special distribution was $5.78 per share.