Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
15.5%
1 yr return
15.8%
3 Yr Avg Return
10.6%
5 Yr Avg Return
8.0%
Net Assets
$2.72 B
Holdings in Top 10
18.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 28.45%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SHRIX - Profile
Distributions
- YTD Total Return 15.5%
- 3 Yr Annualized Total Return 10.6%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.77%
- Dividend Yield 12.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameStone Ridge High Yield Reinsurance Risk Premium Fund
-
Fund Family NameStone Ridge Funds
-
Inception DateFeb 01, 2013
-
Shares Outstanding173026868
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlexander Nyren
Fund Description
SHRIX - Performance
Return Ranking - Trailing
Period | SHRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.5% | -41.8% | 100.1% | 35.29% |
1 Yr | 15.8% | -42.2% | 102.3% | 44.12% |
3 Yr | 10.6%* | -46.1% | 21.4% | 14.71% |
5 Yr | 8.0%* | -24.9% | 27.6% | 46.88% |
10 Yr | 5.6%* | 0.0% | 16.8% | 64.71% |
* Annualized
Return Ranking - Calendar
Period | SHRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | -34.8% | 38.7% | 50.00% |
2022 | -6.9% | -72.7% | 8.2% | 26.47% |
2021 | -2.6% | -31.7% | 27.4% | 54.55% |
2020 | 0.3% | -29.0% | 233.6% | 81.25% |
2019 | -0.5% | -2.0% | 66.0% | 96.30% |
Total Return Ranking - Trailing
Period | SHRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.5% | -41.8% | 100.1% | 35.29% |
1 Yr | 15.8% | -42.2% | 102.3% | 44.12% |
3 Yr | 10.6%* | -46.1% | 21.4% | 14.71% |
5 Yr | 8.0%* | -24.9% | 27.6% | 46.88% |
10 Yr | 5.6%* | 0.0% | 16.8% | 64.71% |
* Annualized
Total Return Ranking - Calendar
Period | SHRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.0% | -33.0% | 39.0% | 35.29% |
2022 | -3.4% | -72.7% | 8.2% | 20.59% |
2021 | 1.9% | -31.7% | 28.3% | 51.52% |
2020 | 6.9% | -28.9% | 233.9% | 75.00% |
2019 | 4.6% | 0.4% | 66.5% | 92.59% |
NAV & Total Return History
SHRIX - Holdings
Concentration Analysis
SHRIX | Category Low | Category High | SHRIX % Rank | |
---|---|---|---|---|
Net Assets | 2.72 B | 3.78 M | 31.2 B | 8.82% |
Number of Holdings | 298 | 20 | 389 | 5.88% |
Net Assets in Top 10 | 560 M | 2.46 M | 5.86 B | 20.59% |
Weighting of Top 10 | 18.19% | 11.2% | 90.3% | 94.12% |
Top 10 Holdings
- Rondout (Artex Segregated Account Company) 4.15%
- Alamo Re 2024-1 Class B 1.82%
- Labrador (Horseshoe Re) 1.77%
- Fidelity Government Portfolio 1.65%
- MSILF Government Portfolio 1.65%
- Lightning Re 2023-1 Class A 1.47%
- Alamo Re 2024-1 Class C 1.47%
- FloodSmart Re 2024-1 Class A 1.43%
- Cape Lookout Re 2024-1 Class A 1.40%
- Alamo Re 2024-1 Class A 1.38%
Asset Allocation
Weighting | Return Low | Return High | SHRIX % Rank | |
---|---|---|---|---|
Bonds | 85.24% | 0.00% | 97.85% | 5.88% |
Preferred Stocks | 10.66% | 0.00% | 45.68% | 11.76% |
Cash | 4.26% | 0.00% | 82.22% | 58.82% |
Stocks | 0.00% | 0.00% | 101.10% | 91.18% |
Convertible Bonds | 0.00% | 0.00% | 3.05% | 33.33% |
Other | -0.16% | -0.16% | 91.95% | 97.06% |
Bond Sector Breakdown
Weighting | Return Low | Return High | SHRIX % Rank | |
---|---|---|---|---|
Corporate | 90.98% | 0.00% | 90.98% | 3.33% |
Cash & Equivalents | 3.31% | 0.00% | 100.00% | 64.71% |
Government | 2.55% | 0.00% | 34.13% | 10.00% |
Securitized | 0.18% | 0.00% | 5.53% | 6.67% |
Derivative | 0.00% | -0.01% | 10.41% | 41.18% |
Municipal | 0.00% | 0.00% | 1.77% | 23.33% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SHRIX % Rank | |
---|---|---|---|---|
US | 82.88% | 0.00% | 97.85% | 5.88% |
Non US | 2.36% | 0.00% | 2.36% | 2.94% |
SHRIX - Expenses
Operational Fees
SHRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.76% | 0.41% | 5.61% | 29.41% |
Management Fee | 1.50% | 0.25% | 1.90% | 85.29% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.19% | N/A |
Sales Fees
SHRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.25% | 5.75% | 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 | 2.00% | 2.00% | 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 | 28.45% | 0.00% | 124.00% | 68.18% |
SHRIX - Distributions
Dividend Yield Analysis
SHRIX | Category Low | Category High | SHRIX % Rank | |
---|---|---|---|---|
Dividend Yield | 12.32% | 0.00% | 12.45% | 2.94% |
Dividend Distribution Analysis
SHRIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annual |
Net Income Ratio Analysis
SHRIX | Category Low | Category High | SHRIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.77% | -2.66% | 5.19% | 5.88% |
Capital Gain Distribution Analysis
SHRIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 20, 2024 | $0.291 | OrdinaryDividend |
Jun 21, 2024 | $0.187 | OrdinaryDividend |
Mar 22, 2024 | $0.212 | OrdinaryDividend |
Dec 15, 2023 | $0.536 | OrdinaryDividend |
Sep 22, 2023 | $0.187 | OrdinaryDividend |
Jun 23, 2023 | $0.192 | OrdinaryDividend |
Mar 24, 2023 | $0.174 | OrdinaryDividend |
Dec 21, 2022 | $0.134 | OrdinaryDividend |
Sep 23, 2022 | $0.068 | OrdinaryDividend |
Jun 24, 2022 | $0.064 | OrdinaryDividend |
Mar 25, 2022 | $0.055 | OrdinaryDividend |
Dec 15, 2021 | $0.183 | OrdinaryDividend |
Sep 24, 2021 | $0.084 | OrdinaryDividend |
Jun 29, 2021 | $0.053 | OrdinaryDividend |
Mar 30, 2021 | $0.087 | OrdinaryDividend |
Dec 11, 2020 | $0.241 | OrdinaryDividend |
Sep 18, 2020 | $0.123 | OrdinaryDividend |
Jun 19, 2020 | $0.070 | OrdinaryDividend |
Mar 20, 2020 | $0.143 | OrdinaryDividend |
Dec 10, 2019 | $0.191 | OrdinaryDividend |
Sep 20, 2019 | $0.041 | OrdinaryDividend |
Jun 21, 2019 | $0.144 | OrdinaryDividend |
Mar 22, 2019 | $0.083 | OrdinaryDividend |
Dec 07, 2018 | $0.225 | OrdinaryDividend |
Jun 22, 2018 | $0.196 | OrdinaryDividend |
Mar 23, 2018 | $0.042 | OrdinaryDividend |
Dec 05, 2017 | $0.033 | OrdinaryDividend |
Jun 23, 2017 | $0.253 | OrdinaryDividend |
Mar 24, 2017 | $0.069 | OrdinaryDividend |
Dec 08, 2016 | $0.030 | ExtraDividend |
Dec 01, 2016 | $0.553 | OrdinaryDividend |
Jul 08, 2016 | $0.032 | OrdinaryDividend |
Apr 08, 2016 | $0.102 | OrdinaryDividend |
Nov 13, 2015 | $0.420 | OrdinaryDividend |
Oct 05, 2015 | $0.095 | OrdinaryDividend |
Apr 06, 2015 | $0.061 | OrdinaryDividend |
Nov 12, 2014 | $0.722 | OrdinaryDividend |
Oct 06, 2014 | $0.110 | OrdinaryDividend |
Jul 07, 2014 | $0.099 | OrdinaryDividend |
Apr 04, 2014 | $0.091 | OrdinaryDividend |
Dec 18, 2013 | $0.306 | OrdinaryDividend |
Sep 27, 2013 | $0.102 | OrdinaryDividend |
Jun 27, 2013 | $0.042 | OrdinaryDividend |
SHRIX - Fund Manager Analysis
Managers
Alexander Nyren
Start Date
Tenure
Tenure Rank
Apr 30, 2013
9.09
9.1%
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
8.04
8.0%
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.
Paul Germain
Start Date
Tenure
Tenure Rank
Feb 28, 2021
1.25
1.3%
Paul Germain, Portfolio Manager of Stone Ridge. Prior to joining Stone Ridge in 2015, Mr. Germain was the Global Head of Prime Services at Credit Suisse, where he worked from 2010 to 2015. Mr. Germain received his MBA from Harvard Business School and his BSE in Management from University of Pennsylvania (Wharton).
Igor Zhitnitsky
Start Date
Tenure
Tenure Rank
Feb 28, 2021
1.25
1.3%
Igor Zhitnitsky, Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Germain, Mr. Nyren, Mr. Robbins and Mr. Stevens. Prior to joining Stone Ridge in 2016, Mr. Zhitnitsky was a risk manager at SCOR SE, where he oversaw reinsurance planning and capital management. Mr. Zhitnitsky holds an MS in Mathematics from New York University (Courant) and a BS, summa cum laude, in Mathematics from Rensselaer Polytechnic Institute.
Ross Stevens
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Ross Stevens, Portfolio Manager of Stone Ridge Funds, is responsible for the day-to-day management of the Funds and its investments jointly with Mr. Nyren and Mr. Robbins. Mr. Stevens founded Stone Ridge in 2012. Mr. Stevens received his PhD in Finance and Statistics from the University of Chicago (Booth) and his BSE in Finance from the University of Pennsylvania (Wharton).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.25 | 23.1 | 9.26 | 1.25 |