Key stats
About LifeX 2048 Inflation-Protected Longevity Income ETF
Home page
Inception date
Sep 16, 2024
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
LIAB invests in US Treasury securities, mainly TIPS, aiming for predictable cashflows through 2048. In 2028, investors can opt for Longevity-Linked Distributions via a closed-end fund with payments up to age 100 or Term Distributions continuing through 2048, or a mix. Both Fund and closed-end funds aim to liquidate by 2048, distributing all assets then ceasing distributions. Initially, monthly payouts are $0.0833 per share, adjusted for inflation, until 2028 when it recalibrates to approximately $0.0760 monthly until 2048. Inflation adjustments are based on the Consumer Price Index and distributions are made around the 3rd business day each month. 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 February7, 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%
Government97.31%
Mutual fund2.68%
Cash0.00%
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
LIAB top holdings are Government of the United States of America 2.125% 15-JAN-2035 and United States Treasury Bond 2.125% 15-FEB-2040, occupying 22.09% and 17.57% of the portfolio correspondingly.
LIAB last dividends amounted to 0.85 USD. The month before, the issuer paid 0.85 USD in dividends,
Yes, LIAB pays dividends to its holders with the dividend yield of 6.54%. The last dividend (Jul 3, 2025) amounted to 0.85 USD. The dividends are paid monthly.
LIAB shares are issued by Stone Ridge Holdings Group LP under the brand Stone Ridge. The ETF was launched on Sep 16, 2024, and its management style is Active.
LIAB expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
LIAB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LIAB invests in bonds.
LIAB price has risen by 0.98% over the last month, and its yearly performance shows a −6.99% decrease. See more dynamics on LIAB price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.49% decrease in three-month performance and has increased by 3.76% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −1.49% decrease in three-month performance and has increased by 3.76% in a year.
LIAB trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.