Stone Ridge Shs -I- U.S. Variance Risk Premium Fund
Name
As of 03/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.0%
1 yr return
-5.2%
3 Yr Avg Return
8.7%
5 Yr Avg Return
3.7%
Net Assets
$33.5 M
Holdings in Top 10
99.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VRLIX - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return 8.7%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.40%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameStone Ridge U.S. Hedged Equity Fund
-
Fund Family NameSTONE RIDGE
-
Inception DateMay 01, 2013
-
Shares Outstanding2656840
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAllen Steere
Fund Description
VRLIX - Performance
Return Ranking - Trailing
Period | VRLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | -2.8% | 240.8% | 20.95% |
1 Yr | -5.2% | -4.3% | 140.6% | 45.65% |
3 Yr | 8.7%* | -8.3% | 18.3% | 51.28% |
5 Yr | 3.7%* | -5.0% | 17.3% | 50.00% |
10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | VRLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.0% | -34.1% | 904.0% | 45.05% |
2022 | 5.5% | -28.6% | 438.4% | 21.97% |
2021 | 1.8% | -93.5% | 8.2% | 46.90% |
2020 | 3.6% | -38.9% | 19.8% | 88.37% |
2019 | -1.9% | -10.9% | 12.8% | 45.63% |
Total Return Ranking - Trailing
Period | VRLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.0% | -2.7% | 244.0% | 20.95% |
1 Yr | -5.2% | -4.3% | 140.6% | 43.04% |
3 Yr | 8.7%* | -8.3% | 18.3% | 46.79% |
5 Yr | 3.7%* | -5.4% | 17.3% | 47.46% |
10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | VRLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.0% | -34.1% | 904.0% | 45.05% |
2022 | 5.5% | -5.9% | 438.4% | 22.54% |
2021 | 1.8% | -81.2% | 8.2% | 57.24% |
2020 | 3.6% | -29.0% | 19.8% | 92.25% |
2019 | -1.9% | -10.9% | 12.8% | 62.14% |
NAV & Total Return History
VRLIX - Holdings
Concentration Analysis
VRLIX | Category Low | Category High | VRLIX % Rank | |
---|---|---|---|---|
Net Assets | 33.5 M | 25 | 17.4 B | 72.28% |
Number of Holdings | 27 | 2 | 508 | 47.71% |
Net Assets in Top 10 | 36.3 M | -6.66 M | 5.12 B | 56.11% |
Weighting of Top 10 | 99.23% | 11.3% | 100.0% | 33.33% |
Top 10 Holdings
- United States Treasury Bills 0% 32.17%
- United States Treasury Bills 0% 24.13%
- United States Treasury Bills 0% 19.07%
- United States Treasury Bills 0% 17.45%
- United States Treasury Bills 0% 17.25%
- United States Treasury Bills 0% 14.56%
- United States Treasury Bills 0% 14.51%
- United States Treasury Bills 0% 13.53%
- United States Treasury Bills 0% 13.38%
- United States Treasury Bills 0% 13.08%
Asset Allocation
Weighting | Return Low | Return High | VRLIX % Rank | |
---|---|---|---|---|
Cash | 58.96% | -0.76% | 100.29% | 8.02% |
Bonds | 42.84% | 0.00% | 97.96% | 8.40% |
Preferred Stocks | 0.00% | 0.00% | 3.08% | 41.98% |
Other | 0.00% | 0.00% | 45.92% | 53.05% |
Convertible Bonds | 0.00% | 0.00% | 20.91% | 44.27% |
Stocks | -1.80% | -3.92% | 100.76% | 100.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | VRLIX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 57.92% | 0.09% | 100.00% | 85.88% |
Government | 42.08% | 0.00% | 99.91% | 8.02% |
Derivative | 0.00% | 0.00% | 0.13% | 43.13% |
Securitized | 0.00% | 0.00% | 22.63% | 42.75% |
Corporate | 0.00% | 0.00% | 91.57% | 47.71% |
Municipal | 0.00% | 0.00% | 97.57% | 41.98% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | VRLIX % Rank | |
---|---|---|---|---|
US | 42.84% | 0.00% | 97.96% | 8.02% |
Non US | 0.00% | 0.00% | 16.94% | 42.37% |
VRLIX - Expenses
Operational Fees
VRLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.50% | 0.20% | 6.78% | 47.33% |
Management Fee | 0.50% | 0.20% | 1.75% | 9.70% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.28% | N/A |
Sales Fees
VRLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
VRLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
VRLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 456.80% | 10.27% |
VRLIX - Distributions
Dividend Yield Analysis
VRLIX | Category Low | Category High | VRLIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.87% | 0.00% | 3.76% | 45.72% |
Dividend Distribution Analysis
VRLIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
VRLIX | Category Low | Category High | VRLIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.40% | -2.54% | 14.24% | 22.95% |
Capital Gain Distribution Analysis
VRLIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2022 | $0.033 | OrdinaryDividend |
Dec 15, 2020 | $0.194 | OrdinaryDividend |
Sep 04, 2014 | $0.054 | OrdinaryDividend |
VRLIX - Fund Manager Analysis
Managers
Allen Steere
Start Date
Tenure
Tenure Rank
Oct 28, 2019
2.59
2.6%
Allen Steere, Portfolio Manager, is responsible for the day-to-day portfolio management and investments. Prior to joining Stone Ridge in 2015, Mr. Steere was a single stock equity derivatives trader at BNP Paribas from 2009 to 2015. Mr. Steere received his BS in Psychology from Ohio Wesleyan University.
Li Song
Start Date
Tenure
Tenure Rank
Jan 31, 2020
2.33
2.3%
Li Song joined Stone Ridge in 2018, Mr. Song worked at Goldman Sachs as a senior strategist in Emerging Markets foreign exchange, interest rate, options, and credit products. Mr. Song received his PhD, M.Phil., and M.A. in Statistics from Columbia University and his B.S. in Mathematics at the University of Science and Technology of China.
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).
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).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 19.77 | 3.61 | 5.67 |