SHRIX: Stone Ridge High Yield Reinsurance Risk Premium Fund - MutualFunds.com
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Stone Ridge Shs -I- High Yield Reinsurance Risk Premium Fund

SHRIX - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $1.12 B
  • Holdings in Top 10 20.6%

52 WEEK LOW AND HIGH

$9.08
$8.89
$9.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 50.26%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $25,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Volatility

Compare SHRIX to Popular Volatility Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$48.40

+5.59%

$22.91 B

0.00%

$0.00

42.63%

-

$16.65

-0.72%

$4.00 B

-

-

0.97%

-

$11.48

-7.12%

$2.25 B

-

-

-3.94%

1.65%

$14.48

-3.98%

$1.42 B

-

-

0.00%

-

$14.48

-3.98%

$1.42 B

-

-

0.00%

-

SHRIX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Stone Ridge High Yield Reinsurance Risk Premium Fund
  • Fund Family Name
    STONE RIDGE
  • Inception Date
    Feb 01, 2013
  • Shares Outstanding
    108996199
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alexander Nyren

Fund Description

Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in reinsurance-related securities. In addition, it will also invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in high yield, high risk debt securities (commonly referred to as "junk bonds"). The fund is non-diversified.


SHRIX - Performance

Return Ranking - Trailing

Period SHRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -17.8% 134.7% 51.06%
1 Yr 6.3% -64.9% 637.4% 38.64%
3 Yr 4.0%* -60.7% 49.6% 19.05%
5 Yr 3.5%* -82.1% 143.3% 8.82%
10 Yr N/A* -100.0% 5.2% N/A

* Annualized

Return Ranking - Calendar

Period SHRIX Return Category Return Low Category Return High Rank in Category (%)
2020 0.3% -58.5% 290.7% 47.50%
2019 -0.5% -84.2% 106.3% 47.50%
2018 -2.1% -99.8% 1180.0% 65.71%
2017 -6.6% -55.3% 1557.2% 54.55%
2016 -0.5% -69.1% 93.1% 45.45%

Total Return Ranking - Trailing

Period SHRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -22.3% 160.1% 48.94%
1 Yr 6.3% -64.9% 637.4% 36.36%
3 Yr 4.0%* -60.7% 49.6% 19.05%
5 Yr 3.5%* -82.1% 143.3% 8.82%
10 Yr N/A* -100.0% 5.2% N/A

* Annualized

Total Return Ranking - Calendar

Period SHRIX Return Category Return Low Category Return High Rank in Category (%)
2020 0.3% -58.5% 290.7% 47.50%
2019 -0.5% -92.8% 106.3% 42.50%
2018 -2.1% -91.8% 68.6% 65.71%
2017 -6.6% -94.2% 1557.2% 42.42%
2016 -0.5% -93.9% 151976.7% 39.39%

NAV & Total Return History


SHRIX - Holdings

Concentration Analysis

SHRIX Category Low Category High SHRIX % Rank
Net Assets 1.12 B 161 K 22.9 B 12.24%
Number of Holdings 175 1 194 5.88%
Net Assets in Top 10 207 M -177 M 3.31 B 8.82%
Weighting of Top 10 20.58% 3.9% 100.0% 73.68%

Top 10 Holdings

  1. URSA RE LTD 3.20%
  2. URSA RE LTD 2.77%
  3. Eden Research II Limited 2.63%
  4. Floodsmart Re Ltd 2.49%
  5. Floodsmart Re Ltd 2.39%
  6. Alamo Re Ltd 2.10%
  7. URSA RE LTD 2.02%
  8. Northshore Re II Ltd. 1.98%
  9. Sanders Re Ltd 1.90%
  10. Kilimanjaro Re Limited 1.85%

Asset Allocation

Weighting Return Low Return High SHRIX % Rank
Bonds
90.14% 0.00% 90.14% 3.13%
Other
3.55% 0.00% 10.19% 29.03%
Cash
3.35% -50.05% 149.98% 83.87%
Stocks
2.96% -49.98% 150.05% 28.13%
Preferred Stocks
0.00% 0.00% 0.00% 38.71%
Convertible Bonds
0.00% 0.00% 0.15% 48.39%

Stock Sector Breakdown

Weighting Return Low Return High SHRIX % Rank
Utilities
0.00% 0.55% 5.98% N/A
Technology
0.00% 17.04% 25.22% N/A
Real Estate
0.00% 2.44% 3.31% N/A
Industrials
0.00% 2.96% 8.61% N/A
Healthcare
0.00% 4.61% 15.49% N/A
Financial Services
0.00% 12.82% 23.18% N/A
Energy
0.00% 2.32% 5.66% N/A
Communication Services
0.00% 7.10% 16.44% N/A
Consumer Defense
0.00% 5.33% 7.75% N/A
Consumer Cyclical
0.00% 10.26% 15.36% N/A
Basic Materials
0.00% 2.16% 7.92% N/A

Stock Geographic Breakdown

Weighting Return Low Return High SHRIX % Rank
US
2.96% -49.98% 150.05% 25.81%
Non US
0.00% 0.00% 100.00% 45.16%

Bond Sector Breakdown

Weighting Return Low Return High SHRIX % Rank
Corporate
88.47% 0.00% 88.47% 3.33%
Cash & Equivalents
5.10% 5.10% 100.00% 96.67%
Government
3.41% 0.00% 30.99% 30.00%
Securitized
3.02% 0.00% 7.12% 23.33%
Derivative
0.00% 0.00% 66.68% 56.67%
Municipal
0.00% 0.00% 0.36% 50.00%

Bond Geographic Breakdown

Weighting Return Low Return High SHRIX % Rank
Non US
69.33% 0.00% 69.33% 3.23%
US
20.81% 0.00% 30.66% 16.13%

SHRIX - Expenses

Operational Fees

SHRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.95% 6.53% 55.56%
Management Fee 1.50% 0.00% 3.00% 79.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.25% N/A

Sales Fees

SHRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SHRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.26% 0.00% 77.00% 64.71%

SHRIX - Distributions

Dividend Yield Analysis

SHRIX Category Low Category High SHRIX % Rank
Dividend Yield 0.00% 0.00% 6.30% 30.61%

Dividend Distribution Analysis

SHRIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

SHRIX Category Low Category High SHRIX % Rank
Net Income Ratio 4.92% -2.36% 4.92% 3.57%

Capital Gain Distribution Analysis

SHRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

SHRIX - Fund Manager Analysis

Managers

Alexander Nyren


Start Date

Tenure

Tenure Rank

Apr 30, 2013

7.76

7.8%

Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Robbins and Mr. Stevens. Prior to joining Stone Ridge in 2013, Mr. Nyren was in the insurance practice of Oliver Wyman since 2010, where he was a Principal. Mr. Nyren received an MPhil in Economics from the University of Cambridge and a BA with highest honors in Applied Mathematics from Harvard University.

Benjamin Robbins


Start Date

Tenure

Tenure Rank

May 20, 2014

6.71

6.7%

Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Nyren and Mr. Stevens. Prior to joining Stone Ridge in 2014, Mr. Robbins was a Director at Deutsche Bank, where he worked from 2006 to 2014 and managed a trading book of insurance-linked securities. Mr. Robbins holds a BA, magna cum laude, in Physics from Harvard University and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.34 15.7 7.68 12.89