Elements Emerging Markets Portfolio
Data updated: 2020-10-21
C000179057 — Elements Emerging Markets Portfolio. Money Market · $165.03M AUM · 0.92% expense ratio. Holdings, fees, performance and SEC filings.
C000179057 Fund Overview
Elements Emerging Markets Portfolio is a US mutual fund managed by Stone Ridge Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Stone Ridge Trust
- Category: Money Market
- Assets under management: $165.03M
- 1-year return: 10.6%
- SEC CIK: 0001559992
- SEC series ID: S000056602
- Share class ID: C000179057
C000179057 Investment Objective and Strategy
Elements Emerging Markets Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Stone Ridge Trust.
Investment objective
The Elements Emerging Markets Portfolio’s (the “Portfolio”) investment objective is to seek long-term capital appreciation.
Principal investment strategy
The Portfolio seeks to capture the equity risk premium by investing in a broad and diverse group of securities of companies associated with countries with emerging or frontier markets. The equity risk premium is positive if investment returns for equity securities exceed the risk-free rate, on average and over time. The risk-free rate is the rate of return that can be earned on high quality, short-term government debt securities. There can be no assurance that the equity risk premium will be positive for the Portfolios investments at any time or on average and over time. The Portfolio is constructed from a market capitalization-weighted portfolio of operating companies associated with emerging or frontier market countries that the Adviser has designated as approved markets. The Adviser may set country or region weights for particular countries or regions, in which case market capitalization weighting will occur based on the relative market capitalization of companies within each such country or region.
This market capitalization-weighted portfolio is referred to as the Universe of Emerging Market Companies. See Investment Objectives, Strategies and Risks More Information Regarding Investment Strategies Approved Markets below. Market capitalization weighting means that, in general, the higher the relative market capitalization (number of outstanding shares multiplied by the market price per share) of a particular company, the greater its representation in the Universe of Emerging Market Companies. The representation of an eligible company in the Universe of Emerging Market Companies may also be adjusted by the Adviser for free float. Adjustment for free float modifies market capitalization weighting to exclude, in whole or in part, the share capital of a company that is not freely available for trading in the public equity markets, such as, for example, shares held by certain strategic investors (e.g., governments, controlling shareholders and management), treasury shares or shares subject to foreign ownership restrictions.
After determining the Universe of Emerging Market Companies, the Adviser adjusts the allocation of the Portfolio to increase the Portfolios exposure to companies that exhibit certain properties, generally referred to as factors, that the Adviser believes may contribute to a positive equity risk premium. These factors currently include small size, value, momentum or quality. The Adviser may also adjust the representation of an eligible company or country in the Portfolio, or exclude a company or country, after considering such other factors as the Adviser determines to be appropriate from time to time, and may in the future cease to make such adjustments for any or all of small size, value, momentum or quality. Under normal circumstances, the Portfolio invests at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in securities of companies tied economically to emerging markets, either directly or indirectly (e.g., through derivatives).
See Investment Objectives, Strategies and Risks More Information Regarding Investment Policies Name Policies below. The Portfolio invests significantly in common stocks, either directly or indirectly, including through derivative instruments such as equity index futures contracts or options on equity index futures contracts, equity swaps or equity index swaps, or equity options or equity index options. The Portfolio may gain exposure to companies associated with approved markets by investing in securities in the form of depositary receipts, which may be listed or traded outside the issuers domicile country. The Portfolio also uses derivatives for hedging purposes, to maintain liquidity or to earn an enhanced return. In addition, the Portfolio enters into securities lending transactions and may enter into similar transactions such as reverse repurchase transactions with its portfolio securities to generate additional income.
The Portfolio may invest in small companies that are considered mid-cap, small-cap or micro-cap companies. A portion of the Portfolios assets may be held in cash or cash-equivalent investments, including, but not limited to, money market funds. The Portfolio may also invest in exchange-traded funds or other pooled investment vehicles. The Adviser may consider the tax consequences of the Portfolios investment strategy, but there is no assurance that the Portfolio will be successfully managed in a tax-advantaged manner.
C000179057 Performance
Total returns for C000179057 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.6% |
C000179057 Risk Information
Risk metrics for C000179057, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.1%
C000179057 Costs and Fees
C000179057 costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 0.92%
- Portfolio turnover: 92%
- Brokerage commissions: 6.00 bps of average net assets (SEC N-CEN)
C000179057 Cashflows
Over the 12 months to 2020-08, Elements Emerging Markets Portfolio had net inflows of $341.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-08 | $20.76M |
| 2020-07 | $72.48M |
| 2020-06 | $10.62M |
| 2020-05 | $9.53M |
| 2020-04 | $36.83M |
| 2020-03 | $84.23M |
C000179057 Debt Constituents
No individual debt constituents are reported in Elements Emerging Markets Portfolio's latest SEC N-PORT filing.
C000179057 Prospectus and SEC Filings
Official Elements Emerging Markets Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-09-25
- Prospectus (485BPOS) — filed 2019-10-16
- Prospectus (485BPOS) — filed 2019-04-05
- Portfolio holdings (N-PORT) — filed 2020-10-21
- Portfolio holdings (N-PORT) — filed 2020-07-30
- Portfolio holdings (N-PORT) — filed 2020-04-29
- Annual census (N-CEN) — filed 2020-08-14
- Annual census (N-CEN) — filed 2019-08-14
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.