Stone Ridge Hi Yld Reinsurance Risk PrmM (SHRMX)

Fund Assets	4.99B
Expense Ratio	1.854%
Min. Investment	$25,000,000
Turnover	24.72%
Dividend (ttm)	1.08
Dividend Yield	11.84%
Dividend Growth	-14.28%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 25, 2026

Previous Close	9.14
YTD Return	7.44%
1-Year Return	10.07%
5-Year Return	60.92%
52-Week Low	8.88
52-Week High	9.37
Beta (5Y)	n/a
Holdings	367
Inception Date	n/a

About SHRMX

Stone Ridge High Yield Reinsurance Risk Premium Fund Class M is a mutual fund designed to provide investors with a high level of total return through a focus on income and preservation of capital. The fund distinguishes itself by allocating at least 80% of its net assets to reinsurance-related securities, which are financial instruments linked to the insurance industry's transfer of catastrophic and other risks to the capital markets. In addition to these unique holdings, the fund also invests heavily in high-yield, high-risk debt securities, often termed "junk bonds," which offer higher returns but come with greater credit risk. This strategy results in a portfolio characterized by notable diversity and specialized exposure to the reinsurance market, setting it apart from traditional fixed income funds. The fund has a broad collection of holdings, including catastrophe bonds and specialized insurance-linked securities, which help balance portfolio risk and return. With hundreds of individual holdings and a moderate turnover rate, this fund emphasizes both income generation and capital stability. It is generally categorized under miscellaneous fixed income, reflecting its unique combination of asset types and its distinct position within broader fixed income markets.

• Fund Family: STONE RIDGE
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: SHRMX
• Share Class: Class M

Performance

SHRMX had a total return of 10.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.43%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SHRIX	Class I	3.23%

Top 10 Holdings

16.32% of assets

Name	Symbol	Weight
Rondout (Artex Segregated Account Company)	n/a	4.15%
Hudson Charles (Mt. Logan Re) - Hudson Charles 3 (Mt. Logan Re)	n/a	1.59%
Alamo Re Ltd. - Alamo Re 2023-1 Class A	ALALTD.F 06.07.26 A	1.50%
Long Point Re IV Ltd - Long Point Re IV 2022-1 Class A	LONGRE.F 06.01.26 2022	1.48%
Alamo Re Ltd. - Alamo Re 2024-1 Class B	ALALTD.F 06.07.27 B	1.43%
Cape Lookout Re Ltd. - Cape Lookout Re 2025-1 Class A	CAPLKT.F 03.13.28 A	1.34%
Arenal (Artex Segregated Account Company)	n/a	1.29%
Golden Bear Re Ltd. - Golden Bear Re 2026-1 Class A	GLDBER.F 01.08.29 A	1.23%
Alamo Re Ltd. - Alamo Re 2024-1 Class A	ALALTD.F 06.07.27 A	1.22%
Cape Lookout Re Ltd. - Cape Lookout Re 2024-1 Class A	CAPLKT.F 04.05.27 A	1.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 25, 2026	$0.21107	Sep 25, 2026
Jun 26, 2026	$0.22933	Jun 26, 2026
Mar 27, 2026	$0.16842	Mar 27, 2026
Dec 18, 2025	$0.47342	Dec 18, 2025
Sep 19, 2025	$0.28338	Sep 19, 2025
Jun 20, 2025	$0.20804	Jun 20, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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