Elements U.S. Portfolio

C000211204 Fund Overview

Elements U.S. 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: $413.71M
• 1-year return: 23.6%
• SEC CIK: 0001559992
• SEC series ID: S000056598
• Share class ID: C000211204

C000211204 Investment Objective and Strategy

Elements U.S. Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Stone Ridge Trust.

Investment objective

The Elements U.S. 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 U.S. companies. 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 U.S. operating companies listed on the NYSE, NYSE MKT LLC, Nasdaq Global Market , Nasdaq Capital Market and such other U.S. national securities exchanges deemed appropriate by the Adviser. This market capitalization-weighted portfolio is referred to as the Universe of U.S.

Companies. 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 U.S. company, the greater its representation in the Universe of U.S. Companies. The representation of an eligible company in the Universe of U.S. 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 U.S. 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 in the Portfolio, or exclude a company, 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 the United States, either directly or indirectly (e.g., through derivatives).

See Investment Objectives, Strategies and Risks More Information Regarding Investment Strategies 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 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.

C000211204 Performance

Total returns for C000211204 (as of 2026-10-01), from SEC filings.

C000211204 Risk Information

Risk metrics for C000211204, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 25.8%

C000211204 Costs and Fees

C000211204 costs about $37 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.37%
• Gross expense ratio: 0.37%
• Portfolio turnover: 34%
• Brokerage commissions: 0.32 bps of average net assets (SEC N-CEN)

C000211204 Cashflows

Over the 12 months to 2020-08, Elements U.S. Portfolio had net inflows of $916.90M, from monthly SEC N-PORT filings.

C000211204 Debt Constituents

No individual debt constituents are reported in Elements U.S. Portfolio's latest SEC N-PORT filing.

C000211204 Prospectus and SEC Filings

Official Elements U.S. 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:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

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.