Stone Ridge Hi Yld Reinsurance Risk PrmI (SHRIX)
| Fund Assets | 3.80B |
| Expense Ratio | 1.76% |
| Min. Investment | $250,000 |
| Turnover | 28.58% |
| Dividend (ttm) | 1.29 |
| Dividend Yield | 13.99% |
| Dividend Growth | 14.82% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 20, 2025 |
| Previous Close | 9.21 |
| YTD Return | 5.37% |
| 1-Year Return | 10.04% |
| 5-Year Return | 49.05% |
| 52-Week Low | 8.62 |
| 52-Week High | 9.49 |
| Beta (5Y) | 0.13 |
| Holdings | 328 |
| Inception Date | n/a |
About SHRIX
Stone Ridge High Yield Reinsurance Risk Premium Fund Class I is an institutional mutual fund that primarily aims to deliver a high level of total return through the generation of income and a focus on capital preservation. The fund's strategy involves investing in reinsurance-related instruments, providing investors with access to insurance-linked securities that are typically less correlated with traditional equity and fixed income markets. This approach allows the fund to seek unique sources of yield by partnering with reinsurers to assume select insurance risks, often linked to natural catastrophe events or other insurable exposures. The portfolio is diversified across various reinsurance contracts and insurance-linked entities, with its top ten holdings accounting for a relatively modest percentage of total assets, underscoring a broad allocation strategy. The fund typically appeals to institutional investors seeking alternative income sources that may have minimal correlation to broader market movements. It occupies a niche within the miscellaneous fixed income category and underscores the broader trend of financial innovation in sourcing yield from non-traditional assets in the global capital markets.
Performance
SHRIX had a total return of 10.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.47%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SHRMX | Class M | 1.91% |
Top 10 Holdings
18.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Rondout (Artex Segregated Account Company) | n/a | 3.59% |
| MSILF Government Portfolio | MVRXX | 2.01% |
| Fidelity Government Portfolio | FIGXX | 2.01% |
| Labrador (Horseshoe Re) | n/a | 1.78% |
| Alamo Re Ltd. - Alamo Re 2024-1 Class B | ALALTD.F 06.07.27 B | 1.59% |
| Cape Lookout Re Ltd. - Cape Lookout Re 2025-1 Class A | CAPLKT.F 03.13.28 A | 1.53% |
| Lightning Re Ltd. - Lightning Re 2023-1 Class A | LIGTTO.F 03.31.26 A | 1.44% |
| Alamo Re Ltd. - Alamo Re 2024-1 Class A | ALALTD.F 06.07.27 A | 1.43% |
| Cape Lookout Re Ltd. - Cape Lookout Re 2024-1 Class A | CAPLKT.F 04.05.27 A | 1.37% |
| Alamo Re Ltd. - Alamo Re 2024-1 Class C | ALALTD.F 06.07.26 C | 1.28% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 20, 2025 | $0.21131 | Jun 20, 2025 |
| Mar 21, 2025 | $0.19061 | Mar 21, 2025 |
| Dec 20, 2024 | $0.59519 | Dec 20, 2024 |
| Sep 20, 2024 | $0.291 | Sep 20, 2024 |
| Jun 21, 2024 | $0.18685 | Jun 21, 2024 |
| Mar 22, 2024 | $0.2117 | Mar 22, 2024 |