LifeX 2030 Income Bucket ETF (BCKT)

The LifeX 2030 Income Bucket ETF (BCKT) belongs to the LifeX family of retirement income products associated with Stone Ridge Asset Management. LifeX funds are designed to help people turn savings into a predictable stream of income over a defined time frame.

As the name suggests, this fund is built as an income "bucket" tied to the year 2030. Such a fund typically holds high-quality fixed-income securities, such as U.S. Treasury obligations, arranged so that the fund can make regular distributions through its target period and wind down around its target date, rather than being held indefinitely.

Readers should check the fund's prospectus for the exact distribution schedule, holdings and termination provisions, as these define how the bucket is meant to work.