Stone Ridge High Yield Reinsurance Risk Premium Fund Class M (SHRMX)
| Fund Assets | 4.55B |
| Expense Ratio | 3.38% |
| Min. Investment | $25,000,000 |
| Turnover | 24.72% |
| Dividend (ttm) | 1.13 |
| Dividend Yield | 12.48% |
| Dividend Growth | -8.90% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 27, 2026 |
| Previous Close | 9.08 |
| YTD Return | 1.68% |
| 1-Year Return | 12.29% |
| 5-Year Return | 53.15% |
| 52-Week Low | 8.81 |
| 52-Week High | 9.37 |
| Beta (5Y) | n/a |
| Holdings | 345 |
| 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.
Performance
SHRMX had a total return of 12.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.16%.
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
17.58% of assets| Name | Symbol | Weight |
|---|---|---|
| Rondout (Artex Segregated Account Company) | n/a | 4.23% |
| Fidelity Investments Money Market Government Portfolio - Class I | FIGXX | 1.93% |
| MSILF Government Portfolio | MVRXX | 1.93% |
| Hudson Charles (Mt. Logan Re) - Hudson Charles 3 (Mt. Logan Re) | n/a | 1.63% |
| Cape Lookout Re Ltd. - Cape Lookout Re 2025-1 Class A | CAPLKT.F 03.13.28 A | 1.45% |
| Alamo Re Ltd. - Alamo Re 2024-1 Class B | ALALTD.F 06.07.27 B | 1.38% |
| Golden Bear Re Ltd. - Golden Bear Re 2026-1 Class A | GLDBER.F 01.08.29 A | 1.31% |
| Arenal (Artex Segregated Account Company) | n/a | 1.27% |
| Alamo Re Ltd. - Alamo Re 2024-1 Class A | ALALTD.F 06.07.27 A | 1.24% |
| Lightning Re Ltd. - Lightning Re 2023-1 Class A | LIGTTO.F 03.31.26 A | 1.22% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 21, 2025 | $0.18769 | Mar 21, 2025 |
| Dec 20, 2024 | $0.58347 | Dec 20, 2024 |