Stone RidgeBonds & CashTreasuries#769 of 785 by YTD

Stone Ridge Trust - LifeX 2065 Inflation-Protected Longevity Income ETFLIBD

$263.71−0.3%

−$0.88 · Nov 9 close

AUM: $4M
Fee: 0.25%
Yield: 3.9%

Bumpy · 1Y: 0.6×S&P
Volume: 6
NAV: $265

United States Treasury Inflation Indexed Bonds 2.375% 02/15/2056 71.5%United States Treasury Inflation Indexed Bonds 1% 02/15/2046 5.7%United States Treasury Inflation Indexed Bonds 2.125% 02/15/2040 4.0%United States Treasury Bill 04/15/2027 3.8%

52-week range9% below the high

$251$290

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	−0.3%	−0.4%	+4.2%	−0.4%	−3.1%	−5.0%	—	—	−0.8%
Peer average	−0.1%	+0.1%	+2.4%	+0.1%	−0.4%	−0.7%	+12.5%	−5.3%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

LIBD in One Breath

LIBD Among Treasuries ETFs

YTD

#1IBICiShares+3.5%$74.4M

#2IBIDiShares+3.4%$159M

#3TBILF/m+3.2%$7.5B

#4XBILF/m+3.1%$796M

#5TBLLInvesco+3.1%$2.9B

#6IBTGiShares+3.0%$1.8B

#7XHLFBondBloxx+3.0%$2.0B

#8OBILF/m+2.7%$344M

#96LIBDStone Ridge−3.1%$4.1M

End-of-day Nov 10, 2026 · 103 Treasuries ETFs by YTD

$10,000 in LIBD

$10,000 in LIBD became

$9,920

In the S&P 500 (VOO)

$12,902

Total return, dividends in · Jan 6, 2025 – Nov 9, 2026 · S&P 500 uses VOO

LIBD’s Top Holdings

Today

United States United States Treasury Inflation Indexed Bonds 2.375% 02/15/205671.5%United State5.7%United State4.0%United State3.8%United State2.3%MSILF Govern2.2%First Americ2.2%United State1.5%United State1.2%United State1.1%UniteCash UniteUniteUniteUniteUniteUniteUniteUnite

Stone Ridge LIBD · 24 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026

What LIBD Holds

Today

All holdings100.0%

United Sta 71.5 · United Sta 5.7 · United Sta 4.0 · United Sta 3.8 · United Sta 2.3 · MSILF Gove 2.2 · First Amer 2.2

Stone Ridge LIBD · share of the fund · as of Nov 9, 2026

United’s Share of LIBD

Today

71.5%

$715 of every $1,000 in LIBD is United

United held by LIBD

$2.9M

Stone Ridge LIBD · each square = $10 of $1,000 · as of Nov 9, 2026

LIBD’s Share of Treasuries ETFs

Today

0.0%

of the $473B in 121 Treasuries ETFs

LIBD$4.1M0.0%

TLT$48.7B10.3%

IEF$44.6B9.4%

118 others$380B80.3%

Treasuries ETF AUM · Nov 10, 2026

LIBD Fee per $100 vs Peers

Today

$0.25a year
per $100

$25 a year on $10,000

VGIT$0.03

VGSH$0.03

GOVT$0.05

TLT$0.15

IEF$0.15

LIBD$0.25

Expense ratio · Treasuries peers · Nov 10, 2026

Inside LIBD

24 holdings · as of Nov 9, 2026

LIBD

Stone Ridge Trust - LifeX 2065 Inflation-Protected Longevity Income ETF

Today

All holdings100.0%United StateUnited States Treasury Inflation Indexed Bonds 2.375% 02/15/205671.5%United Sta5.7%United Sta4.0%United Sta3.8%United Sta2.3%First Amer2.2%10 more

All holdings100.0%United StateUnited States Treasury Inflation Indexed Bonds 2.375% 02/15/205671.5%United Sta5.7%United Sta4.0%United Sta3.8%18 more

#	Ticker	Company	Weight ▼
1	—	United States Treasury Inflation Indexed Bonds 2.375% 02/15/2056	71.52%
2	—	United States Treasury Inflation Indexed Bonds 1% 02/15/2046	5.69%
3	—	United States Treasury Inflation Indexed Bonds 2.125% 02/15/2040	4.02%
4	—	United States Treasury Bill 04/15/2027	3.85%
5	—	United States Treasury Bill 11/27/2026	2.29%
6	—	MSILF Government Portfolio 12/31/2031	2.15%
7	—	First American Government Obligations Fund 12/01/2031	2.15%
8	—	United States Treasury Bill 12/24/2026	1.52%
9	—	United States Treasury Bill 12/31/2026	1.20%
10	—	United States Treasury Bill 01/28/2027	1.05%

See all 24 holdings ↓

Stone Ridge LIBD · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 99.7%

All LIBD Holdings

24 holdings · as of Nov 9, 2026

LIBD

LIBD’s Holdings

Today

#
1	—United States Treasury Inflation Indexed Bonds 2.375% 02/15/2056	71.52%	$7,151.50	3.4M	$2.9M
2	—United States Treasury Inflation Indexed Bonds 1% 02/15/2046	5.69%	$568.67	330K	$231K
3	—United States Treasury Inflation Indexed Bonds 2.125% 02/15/2040	4.02%	$402.38	177K	$163K
4	—United States Treasury Bill 04/15/2027	3.85%	$384.84	159K	$156K
5	—United States Treasury Bill 11/27/2026	2.29%	$228.74	93K	$93K
6	—MSILF Government Portfolio 12/31/2031	2.15%	$215.44	87K	$87K
7	—First American Government Obligations Fund 12/01/2031	2.15%	$215.44	87K	$87K
8	—United States Treasury Bill 12/24/2026	1.52%	$152.03	62K	$62K
9	—United States Treasury Bill 12/31/2026	1.20%	$120.06	49K	$49K
10	—United States Treasury Bill 01/28/2027	1.05%	$105.03	43K	$43K
11	—United States Treasury Bill 05/13/2027	0.51%	$50.66	21K	$21K
12	—Cash & Other	0.51%	$50.52	21K	$21K
13	—United States Treasury Bill 02/25/2027	0.49%	$48.69	20K	$20K
14	—United States Treasury Inflation Indexed Bonds 0.75% 02/15/2042	0.48%	$48.07	27K	$20K
15	—United States Treasury Bill 02/18/2027	0.44%	$43.86	18K	$18K

Stone Ridge LIBD · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

LIBD

Stone Ridge Trust - LifeX 2065 Inflation-Protected Longevity Income ETF’s Peers

Today


TLT	iSharesRead Desk	0.15%	0.0%	−4.4%	$48.7B
IEF	iSharesRead Desk	0.15%	−0.1%	−1.2%	$44.6B
GOVT	iSharesRead Desk	0.05%	0.0%	0.0%	$43.2B
VGIT	VanguardRead Desk	0.03%	−0.1%	−0.1%	$39.7B
VGSH	VanguardRead Desk	0.03%	−0.1%	+2.2%	$35.1B
LIBD	Stone RidgeThis fundRead Desk	0.25%	−0.3%	−5.0%	$4M

Treasuries peers · Today’s and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put LIBD head to head with TLT →

TLT vs LIBD

YTD

TLTiShares · TreasuriesLIBDStone Ridge · Treasuries

Year to date

−2.3%

−3.1%

TLT wins+0.8 pts

Past year

−4.4%

−5.0%

TLT wins+0.6 pts

Fee

0.15%

0.25%

TLT winslower fee

Yield

4.8%

3.9%

TLT wins+0.9 pts

AUM

$48.7B

$4.1M

TLT11996.1× more

4–0TLT wins

iShares TLT and Stone Ridge LIBD · year-to-date · as of Nov 10, 2026 · AUM not scored

LIBD vs VOO

YTD

LIBD · Stone Ridge Trust - LifeX 2065 Inflation-Protected Longevity Income

−3.1%

VOO · S&P 500

+11.3%

Gap

14.4 pts

Stone Ridge LIBD and Vanguard VOO · Today total return · as of Nov 10, 2026

LIBD vs Its Peer Average

YTD

LIBDAvsBPeer average

1D−0.3%−0.1%

1M+4.2%+2.4%

3M−0.4%+0.1%

YTD−3.1%−0.4%

1Y−5.0%−0.7%

3Y[…]+12.5%

5Y[…]−5.3%

1–4Peer average wins

120 Treasuries peers · each row scaled to its leader

How Bumpy Is LIBD?

View

LIBD

How Bumpy

0.6×the S&P 500’s swings

CalmerBumpierS&P 1×LIBD

Calm rank among 7 treasuries funds#6

Other treasuries funds0.1× to 0.7×

Stone Ridge LIBD · daily swings over the past year vs the S&P 500

LIBD

Worst Drop

−11.0%from its Feb 27 high

Still below the high−6.1%

$10,000 at the high is now$9,390

Stone Ridge LIBD · fall from the highest close, past year

LIBD

On a Bad Day

0.3×the S&P 500’s fall

LIBD’s worst day: Friday, Mar 20

LIBD

−2.0%

S&P 500

−1.4%

Up days50 of every 100

S&P 500 up days52 of every 100

Stone Ridge LIBD · average move on days the S&P 500 fell

LIBD

Return for the Bumps

1Y#5 of 7 treasuries funds

#1TLTiShares

lost money

#2IEFiShares

lost money

#3GOVTiShares

#4VGITVanguard

lost money

#5LIBDStone Ridge

lost money

#6VGSHVanguard

#7SHYiShares

Every fund here earned less than cash (3.8%) over the past year; the bars still rank them by return for the bumps.

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

LIBD

Cost

Today

$25a year per $10,000

VGIT

VGSH

GOVT

TLT

$15

IEF

$15

SHY

$15

LIBD

$25

Expense ratio 0.25%, taken from the fund’s value

LIBD

Volatility & Beta

8.3%annual volatility

S&P 500 volatility13.7%

Downside volatility6.1%

Beta vs SPY0.16

Correlation vs SPY0.26

Beta rank, lowest first, of 7#6

Daily total returns × √252 · past 254 trading days

LIBD

Max Drawdown

−11.0%peak to trough

Peak closeFeb 27, 2026

Current drawdown−6.1%

Worst day−1.98% · Mar 20

Closing prices, dividends in

LIBD

Up / Down Capture

27%down capture vs SPY

Down days

27%

Up days

17%

S&P 500

100%

Up ÷ down capture0.64

Up days50.0% (S&P 52.4%)

Average daily move on SPY up days and down days

LIBD

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
TLT	−0.88	−1.21	9.6%	−12.5%	0.18	$15
IEF	−0.99	−1.39	5.0%	−6.8%	0.09	$15
GOVT	−1.03	−1.45	3.7%	−4.4%	0.07	$5
VGIT	−1.09	−1.54	3.5%	−4.6%	0.06	$3
LIBD	−1.09	−1.49	8.3%	−11.0%	0.16	$25
VGSH	−1.14	−1.71	1.3%	−0.9%	0.01	$3
SHY	−1.16	−1.72	1.4%	−0.9%	0.02	$15

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

LIBD

Trading

Today

−0.31%below its holdings’ value

Close$263.71

NAV$264.54

Fee per $10,000$25 a year

Avg. volume 30D228 shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

LIBD

Fund Facts

Today

2025launched Jan 6

Tracks[…]

Exchange · CUSIPCBOE · 86172B627

StructureETF

Leverage1x

Cost on $10,000$25 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Stone Ridge LIBD · fund facts · as of Nov 10, 2026

LIBD

Payouts by Year

$0.86per share, Nov 2026

Distribution yield3.9%

PaidEvery month

Latest ex-date · paidNov 3 · Nov 4, 2026

12 payouts added up$10.29 a share

Stone Ridge LIBD · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.

Trading & Liquidity

Net asset value$264.54

Premium / discount[…]

Median spread · 30D[…]

Volume today6

Average volume · 30D228

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.25%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$25.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 3, 2026	Nov 4, 2026	$0.86
Oct 2, 2026	Oct 5, 2026	$0.86
Sep 2, 2026	Sep 3, 2026	$0.86
Aug 4, 2026	Aug 5, 2026	$0.86
Jul 2, 2026	Jul 6, 2026	$0.86
Jun 2, 2026	Jun 3, 2026	$0.86
May 4, 2026	May 5, 2026	$0.86
Apr 2, 2026	Apr 6, 2026	$0.86
Mar 3, 2026	Mar 4, 2026	$0.86
Feb 3, 2026	Feb 4, 2026	$0.86
Jan 5, 2026	Jan 6, 2026	$0.86
Dec 2, 2025	Dec 3, 2025	$0.83

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