About this ETF
LFAW targets monthly distributions of income and principal through the end of 2060, less operating fees. Managing US Treasury securities, a distribution rate is calculated based on the life expectancy of individuals born in 1960. In April 2040, 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 2060, or a combination of both. Both the Fund and closed-end funds will liquidate by 2060, 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. Before February13, 2025, the fund utilized Stone Ridge for branding instead of LifeX. On Sept. 17, 2025, the Issuer consolidated four funds in this series (2056-2059) into this fund, adding $3.2 million in AUM.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +0.91% | -2.53% | -6.11% | -7.49% | -10.49% | — | — | — | -10.33% |
| Total return | +1.43% | -1.05% | -3.31% | -2.94% | -5.23% | — | — | — | -4.81% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.25% | Annual cost of a $10,000 investment | $25.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 23, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 20 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | United States Treasury Note/Bond 5% 05/15/2056 | — | 32.80% | 838.00K | $801.4K |
| 2 | United States Treasury Note/Bond 2.375%… | — | 20.35% | 823.00K | $497.3K |
| 3 | United States Treasury Note/Bond 4.5% 02/15/2044 | — | 11.65% | 313.00K | $284.6K |
| 4 | United States Treasury Note/Bond 4.75%… | — | 6.20% | 153.00K | $151.4K |
| 5 | United States Treasury Note/Bond 1.375%… | — | 4.97% | 195.00K | $121.5K |
| 6 | United States Treasury Note/Bond 4.625%… | — | 3.06% | 83.00K | $74.7K |
| 7 | United States Treasury Note/Bond 3.875%… | — | 2.60% | 68.00K | $63.5K |
| 8 | United States Treasury Note/Bond 4.375%… | — | 2.59% | 65.00K | $63.2K |
| 9 | United States Treasury Note/Bond 3.75%… | — | 2.38% | 61.00K | $58.3K |
| 10 | United States Treasury Note/Bond 2.75%… | — | 2.27% | 62.00K | $55.5K |
| 11 | United States Treasury Note/Bond 3.625%… | — | 2.24% | 57.00K | $54.7K |
| 12 | United States Treasury Note/Bond 3.125%… | — | 1.88% | 48.00K | $46.0K |
| 13 | United States Treasury Note/Bond 4.5% 02/15/2036 | — | 1.72% | 43.00K | $42.1K |
| 14 | United States Treasury Note/Bond 4.125%… | — | 1.70% | 48.00K | $41.4K |
| 15 | Cash & Other | — | 1.51% | 36.90K | $36.9K |
| 16 | First American Government Obligations Fund… | — | 0.80% | 19.51K | $19.5K |
| 17 | MSILF Government Portfolio 12/31/2031 | — | 0.80% | 19.51K | $19.5K |
| 18 | United States Treasury Note/Bond 4.25%… | — | 0.41% | 10.00K | $9.9K |
| 19 | United States Treasury Note/Bond 4.25%… | — | 0.04% | 1.00K | $965.55 |
| 20 | United States Treasury Note/Bond 4.25%… | — | 0.03% | 1.00K | $845.16 |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 5.99% | Paid (last 12 months) | $10.0000 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 02, 2026 | Last payment | $0.8333 (Oct 05, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 02, 2026 | Oct 02, 2026 | Oct 05, 2026 | $0.8333 |
| Sep 02, 2026 | Sep 02, 2026 | Sep 03, 2026 | $0.8333 |
| Aug 04, 2026 | Aug 04, 2026 | Aug 05, 2026 | $0.8333 |
| Jul 02, 2026 | Jul 02, 2026 | Jul 06, 2026 | $0.8333 |
| Jun 02, 2026 | Jun 02, 2026 | Jun 03, 2026 | $0.8333 |
| May 04, 2026 | May 04, 2026 | May 05, 2026 | $0.8333 |
| Apr 02, 2026 | Apr 02, 2026 | Apr 06, 2026 | $0.8333 |
| Mar 03, 2026 | Mar 03, 2026 | Mar 04, 2026 | $0.8333 |
| Feb 03, 2026 | Feb 03, 2026 | Feb 04, 2026 | $0.8333 |
| Jan 05, 2026 | Jan 05, 2026 | Jan 06, 2026 | $0.8333 |
| Dec 02, 2025 | Dec 02, 2025 | Dec 03, 2025 | $0.8333 |
| Nov 04, 2025 | Nov 04, 2025 | Nov 05, 2025 | $0.8333 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 7.83% / — | Sharpe 1Y / 3Y | -1.20 / — |
| Max drawdown 1Y / 3Y | -10.25% / — | Sortino 1Y | -1.63 |
| Beta vs S&P 500 (3Y) | 0.061 | Correlation vs S&P 500 (1Y) | 0.291 |
| Downside deviation 1Y | 5.73% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 26, 2026. Formulas →
Liquidity
| Volume today | 7 | Average volume | 136 |
| AUM | $2.4M | Premium/Discount | +0.37% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | $246.00 | +0.01% | $2.4M → $2.4M |
| 1 Month | $1.6K | +0.07% | $2.4M → $2.4M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for LFAW
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.
LFAW