Stone Ridge 2049 Inflation-Linked Long Duration Fund (LIAC)

Overview

The fund operates as an exchange-traded fund (ETF), focusing primarily on investment in debt securities issued by the U.S. Treasury. It aims to achieve its investment objective by primarily investing in Treasury Inflation-Protected Securities (TIPS), alongside allocations to money market funds. These money market funds are dedicated exclusively to investments in U.S. government bonds or engage in repurchase agreements that are fully collateralized by such securities. This strategic composition allows the ETF to provide investors with a hedge against inflation, capitalizing on the inflation-adjustment feature inherent in TIPS, while also maintaining liquidity and security through investments in government-backed money market funds.

Products and Services

• Treasury Inflation-Protected Securities (TIPS)

  The fund's primary investment focus is on TIPS, which are inflation-indexed federal securities designed to help protect investors from the adverse effects of inflation. TIPS offer the potential for inflation-adjusted income, as their principal value adjusts based on changes in the Consumer Price Index (CPI). This ensures that the investment's real rate of return is maintained, making it an attractive option for those looking to safeguard their purchasing power over time.

• Money Market Funds

  As part of its conservative investment strategy, the fund allocates a portion of its assets to money market funds that invest in U.S. government bonds or enter into repurchase agreements collateralized by such bonds. These investments provide a high level of security and liquidity, offering a stable platform for the fund's operations. Money market funds in this context act as a buffer, mitigating risk and ensuring that the fund remains well-positioned to respond to changing market conditions while safeguarding investor capital.