Investment Objective: |
The LifeX 2051 Longevity Income ETF (the "Fund") seeks to provide reliable monthly distributions consisting of income and principal through 2051. The Fund pursues its investment objective by investing in debt securities issued by the U.S. Treasury (which we refer to as "U.S. Government Bonds") as well as money market funds that invest exclusively in U.S. Government Bonds or repurchase agreements collateralized by such securities. Securities issued by the U.S. Treasury historically have not had credit-related default. The Fund is designed to provide an opportunity for investors to receive predictable cashflows by making monthly distributions through 2051. The Fund and any corresponding Closed-End Funds intend to liquidate in December 2051 and to have distributed substantially all of their assets by that time. |