- What does LIFT invest in?
- LIFT seeks to provide predictable monthly distributions of income and principal through December 2028, 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 3 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.
- What is the expense ratio of LIFT?
- Stone Ridge Trust - Lifex 2028 Income Bucket ETF (LIFT) charges an expense ratio of 0.25%. This is the annual fee deducted from fund assets to cover management and operations.
- What is LIFT's dividend yield?
- LIFT's trailing-twelve-month yield is 45.93%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of LIFT?
- Effective duration measures LIFT's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. LIFT's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of LIFT?
- LIFT's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of LIFT?
- Yield to maturity (YTM) is the total return you'd earn from LIFT if every bond in the portfolio is held to maturity at the current price. LIFT's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
