Key stats
About LifeX 2040 Term Income ETF
Home page
Inception date
Jan 6, 2025
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
LDER seeks to provide predictable monthly distributions of income and principal through December 2040, less operating fees. The fund delivers fixed monthly payments of $0.0833 per share, with an increasing portion of these distributions coming from the principal as the fund progresses toward its term. Investments concentrate on US Treasury debt securities and money market funds exclusively holding such securities or repurchase agreements backed by them. The fund focuses on bonds with maturities of 20 years or less. 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 February3, 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%
Government96.02%
Mutual fund2.65%
Cash1.33%
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
LDER top holdings are United States Treasury Bond 4.75% 15-FEB-2037 and United States Treasury Notes 4.0% 31-MAR-2030, occupying 23.69% and 10.79% of the portfolio correspondingly.
LDER last dividends amounted to 0.83 USD. The month before, the issuer paid 0.83 USD in dividends,
LDER assets under management is 764.98 K USD. It's risen 0.70% over the last month.
LDER fund flows account for 795.34 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LDER pays dividends to its holders with the dividend yield of 8.70%. The last dividend (Jul 3, 2025) amounted to 0.83 USD. The dividends are paid monthly.
LDER shares are issued by Stone Ridge Holdings Group LP under the brand Stone Ridge. The ETF was launched on Jan 6, 2025, and its management style is Active.
LDER expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
LDER follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LDER invests in bonds.
LDER trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.