LFBB targets monthly distributions of income and principal through the end of 2063, less operating fees. Managing US Treasury securities, a distribution rate is calculated based on the life expectancy of individuals born in 1963. In April 2043, the distribution rate is recalibrated, reducing payouts and rebalancing the portfolio to mitigate interest rate changes. At this time, shareholders turning 80 can choose between Longevity-Linked Distributions through a closed-end fund, offering monthly payments for life up to age 100, or Term Distributions, with monthly payouts continuing through 2063, or a combination of both. Both the Fund and closed-end funds will liquidate by 2063, distributing all assets and ceasing distributions. Distributions are typically on the 3rd business day of 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.
公司网站 :
https://lifexfunds.com/etfs/LFBB
总经理:-
建立时间:2024
公司总部:Stone Ridge 2063 Longevity Income ETF
领域:Miscellaneous
行业:Investment trusts/Mutual funds