Stone Ridge Trust V - Alternative Lending Risk Prem Fund (LENDX)
| Fund Assets | n/a |
| Expense Ratio | 0.04% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 1.85 |
| Dividend Yield | 4.02% |
| Dividend Growth | -0.42% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 19, 2025 |
| Previous Close | 45.91 |
| YTD Return | 1.45% |
| 1-Year Return | 2.67% |
| 5-Year Return | 46.84% |
| 52-Week Low | 45.63 |
| 52-Week High | 46.35 |
| Beta (5Y) | -0.03 |
| Holdings | n/a |
| Inception Date | n/a |
About LENDX
Stone Ridge Alternative Lending Risk Premium Fund is a closed-end management investment company focused on generating total return and current income by investing primarily in alternative lending-related securities. These securities typically include small consumer, business, and student loans originated through online platforms such as Lending Club and SoFi. The fund targets high-quality loans to borrowers with above-average credit profiles and avoids exposure to subprime or emerging market loans. By concentrating on the alternative lending industry, it offers investors access to the credit risk premium—the incremental yield available from non-traditional lending channels relative to risk-free assets. Stone Ridge manages the portfolio with the goal of obtaining higher returns and low sensitivity to interest rate fluctuations compared to traditional bonds, making the fund a diversifier within a broader portfolio. In some cases, the fund has also taken equity positions in lending platforms, benefiting from value appreciation when these companies go public. The fund is structured to provide exposure to marketplace lending, offering a unique approach to income generation and risk diversification in the financial markets.
Performance
LENDX had a total return of 2.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.57%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 19, 2025 | $0.46273 | Sep 19, 2025 |
| Jun 20, 2025 | $0.46337 | Jun 20, 2025 |
| Mar 21, 2025 | $0.46181 | Mar 21, 2025 |
| Dec 23, 2024 | $0.45994 | Dec 23, 2024 |
| Sep 20, 2024 | $0.45925 | Sep 20, 2024 |
| Jun 21, 2024 | $0.46452 | Jun 21, 2024 |