Stone Ridge Trust - LifeX 2065 Inflation-Protected Longevity Income ETF
LIBD
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
- Jan 6, 2025
- Similar Companies
- Business
- Stone Ridge Trust – LifeX 2065 Inflation-Protected Longevity Income ETF is a U.S.-domiciled, actively managed exchange-traded fund that seeks to provide reliable monthly inflation-linked distributions of income and principal through 2065. Launched on January 3, 2025, the fund is a series of Stone Ridge Trust and is managed by Stone Ridge Asset Management LLC. Trading under the ticker LIBD, the ETF invests primarily in U.S. Treasury Inflation-Protected Securities (TIPS), U.S. government bonds, Treasury bills, and permitted money market instruments or repurchase agreements collateralized by U.S. government securities. Its principal offering is a long-dated, Treasury-based cash-flow investment vehicle designed to deliver 12 monthly distributions per year, with payments adjusted for realized inflation and funded by Treasury interest income and return of capital. The fund is designed principally for investors associated with the 1965 modeled birth cohort and targets the year in which that cohort reaches age 100; it expects to distribute substantially all assets and liquidate in 2065. LIBD’s distribution schedule is structured to provide monthly payments through 2044, with a planned reduction beginning in 2045, while inflation adjustments continue in accordance with the fund’s methodology. The ETF forms part of the LifeX Income ETF family, which also includes term-income, durable-income, longevity-income and inflation-protected longevity-income ETFs offering differing end dates and cash-flow horizons. Recent strategic developments include the January 2025 launch of LIBD as part of Stone Ridge’s expanded LifeX longevity-income product suite and the continued addition of other LifeX income and inflation-protected ETF series with varying cohort and end-year profiles. The fund operates in the U.S. fixed-income and retirement-income investment market, distributes shares through Foreside Financial Services LLC, and is intended for purchase and sale on a U.S. securities exchange.