# EDGAR Filing Document

**Accession Number:** 0001658645
**File Stem:** 0001193125-26-213969
**Filing Date:** 2026-5
**Character Count:** 4904358
**Document Hash:** f9d256ac5ebbc03430c5da86dcadd90a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-213969.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001193125-26-213969

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**EFFECTIVENESS DATE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stone Ridge Trust V
- **CENTRAL INDEX KEY:** 0001658645

**ORGANIZATION NAME:**
- **EIN:** 475536331
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23120
- **FILM NUMBER:** 26957082

**BUSINESS ADDRESS:**
- **STREET 1:** ONE VANDERBILT AVENUE
- **STREET 2:** 65TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-257-4750

**MAIL ADDRESS:**
- **STREET 1:** ONE VANDERBILT AVENUE
- **STREET 2:** 65TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR** 

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED** 

**MANAGEMENT INVESTMENT COMPANIES** 

Investment Company Act file number **<u>811-23120</u>**

**<u>Stone Ridge Trust V</u>**

(Exact name of registrant as specified in charter)

**<u>One Vanderbilt Avenue, 65<sup>th</sup> Floor</u>** 

**<u>New York, New York 10017</u>**

(Address of principal executive offices) (Zip code)

**<u>Stone Ridge Asset Management LLC</u>** 

**<u>One Vanderbilt Avenue, 65<sup>th</sup> Floor</u>** 

**<u>New York, New York, 10017</u>**

(Name and address of agent for service)

**<u>(855) 609-3680</u>** 

Registrant's telephone number, including area code

Date of fiscal year end: **<u>February</u> <u>28, 2026</u>**

Date of reporting period: **<u>February</u> <u>28, 2026</u>**

Due to file size constraints, this filing is being made in four related submissions. This submission is the fourth of the four related submissions.

------

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z4HN-1AZ2, 35.320%, 6/28/2025 †x#^ | Affirm | 1/05/2024 | $149 | $149 | $12 |
| &nbsp;&nbsp;&nbsp; Z4HN-7WXG, 35.530%, 12/22/2026 †x# | Affirm | 1/16/2026 | 99 | 99 | 101 |
| &nbsp;&nbsp;&nbsp; Z4HS-H8VZ, 35.520%, 12/22/2026 †§x | Affirm | 1/16/2026 | 129 | 128 | 130 |
| &nbsp;&nbsp;&nbsp; Z4I7-RLW0, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 77 | 81 | 82 |
| &nbsp;&nbsp;&nbsp; Z4IN-AIHP, 20.900%, 9/24/2026 †x# | Affirm | 9/27/2024 | 70 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; Z4IW-E093, 15.840%, 6/02/2026 †§x | Affirm | 6/27/2025 | 101 | 102 | 102 |
| &nbsp;&nbsp;&nbsp; Z4J9-O5L4, 29.470%, 7/27/2023 †x#^ | Affirm | 8/01/2022 | 128 | 133 | 10 |
| &nbsp;&nbsp;&nbsp; Z4JB-MA5K, 29.680%, 11/04/2023 †x#^ | Affirm | 11/10/2022 | 175 | 183 | 14 |
| &nbsp;&nbsp;&nbsp; Z4JJ-X8FD, 33.050%, 7/21/2027 †§x | Affirm | 2/13/2026 | 414 | 442 | 442 |
| &nbsp;&nbsp;&nbsp; Z4JP-RLHO, 35.290%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 33 | 33 | 33 |
| &nbsp;&nbsp;&nbsp; Z4JZ-9K4B, 35.770%, 7/02/2026 †§x | Affirm | 1/29/2025 | 254 | 252 | 251 |
| &nbsp;&nbsp;&nbsp; Z4KG-08CG, 30.500%, 3/07/2024 †x#^ | Affirm | 3/10/2023 | 16 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; Z4KZ-JNJ1, 35.350%, 7/16/2026 †§x | Affirm | 7/31/2025 | 620 | 597 | 599 |
| &nbsp;&nbsp;&nbsp; Z4LD-BS9I, 22.750%, 6/03/2026 †x# | Affirm | 5/11/2023 | 754 | 760 | 759 |
| &nbsp;&nbsp;&nbsp; Z4LJ-JB21, 29.460%, 5/22/2025 †x#^ | Affirm | 5/25/2023 | 1155 | 1150 | 92 |
| &nbsp;&nbsp;&nbsp; Z4LM-U124, 5.762%, 12/22/2026 †§x« | Affirm | 1/16/2026 | 3820 | 3650 | 3622 |
| &nbsp;&nbsp;&nbsp; Z4LR-03BV, 29.410%, 11/24/2024 †x#^ | Affirm | 5/30/2023 | 1622 | 1586 | 130 |
| &nbsp;&nbsp;&nbsp; Z4LY-E7ZA, 6.494%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 107 | 105 | 105 |
| &nbsp;&nbsp;&nbsp; Z4MQ-56OU, 32.500%, 1/02/2028 †x | Affirm | 1/29/2025 | 1791 | 1759 | 1785 |
| &nbsp;&nbsp;&nbsp; Z4MW-UKE8, 15.700%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 29 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; Z4MX-UJEZ, 33.950%, 7/22/2026 †x | Affirm | 2/13/2026 | 44 | 44 | 45 |
| &nbsp;&nbsp;&nbsp; Z4MY-KD5U, 33.950%, 12/02/2026 †§x | Affirm | 6/27/2025 | 197 | 200 | 198 |
| &nbsp;&nbsp;&nbsp; Z4MY-O12L, 13.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 628 | 651 | 655 |
| &nbsp;&nbsp;&nbsp; Z4MZ-5P0J, 33.070%, 6/28/2026 †x# | Affirm | 1/29/2025 | 102 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; Z4NF-YYV3, 33.050%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 116 | 119 | 9 |
| &nbsp;&nbsp;&nbsp; Z4NK-1R8A, 31.000%, 8/11/2026 †§x | Affirm | 2/26/2025 | 296 | 303 | 302 |
| &nbsp;&nbsp;&nbsp; Z4NU-OPAW, 29.380%, 7/09/2023 †x#^ | Affirm | 1/12/2023 | 98 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; Z4OD-FGPO, 30.000%, 5/28/2025 †x#^ | Affirm | 6/02/2023 | 398 | 397 | 32 |
| &nbsp;&nbsp;&nbsp; Z4OI-KL46, 9.810%, 3/20/2026 †§x | Affirm | 3/28/2025 | 56 | 57 | 56 |
| &nbsp;&nbsp;&nbsp; Z4OJ-0QY4, 13.840%, 1/06/2027 †§x | Affirm | 1/29/2025 | 784 | 801 | 804 |
| &nbsp;&nbsp;&nbsp; Z4PB-EVNX, 35.410%, 4/26/2025 †x#^ | Affirm | 5/02/2024 | 474 | 475 | 38 |
| &nbsp;&nbsp;&nbsp; Z4PF-3O9A, 13.840%, 6/02/2026 †§x | Affirm | 6/27/2025 | 80 | 81 | 81 |
| &nbsp;&nbsp;&nbsp; Z4PI-K0AP, 29.480%, 8/28/2024 †x#^ | Affirm | 8/31/2023 | 28 | 29 | 2 |
| &nbsp;&nbsp;&nbsp; Z4PM-X3TA, 29.610%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 164 | 167 | 13 |
| &nbsp;&nbsp;&nbsp; Z4PP-XQIO, 33.010%, 6/28/2026 †§x | Affirm | 7/05/2024 | 192 | 191 | 191 |
| &nbsp;&nbsp;&nbsp; Z4QS-ONFM, 29.500%, 1/23/2026 †x#^ | Affirm | 7/26/2024 | 19 | 20 | 3 |
| &nbsp;&nbsp;&nbsp; Z4QY-NGOW, 28.500%, 2/20/2025 †x#^ | Affirm | 2/23/2024 | 824 | 825 | 66 |
| &nbsp;&nbsp;&nbsp; Z4QY-Y2K6, 28.000%, 1/09/2024 †x#^ | Affirm | 1/12/2023 | 432 | 452 | 35 |
| &nbsp;&nbsp;&nbsp; Z4R1-27II, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 46 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; Z4RD-QE9N, 35.630%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 83 | 82 | 84 |
| &nbsp;&nbsp;&nbsp; Z4RU-TGXF, 35.620%, 8/11/2026 †x | Affirm | 2/26/2025 | 189 | 188 | 188 |
| &nbsp;&nbsp;&nbsp; Z4SL-1PCN, 28.000%, 11/10/2024 †x#^ | Affirm | 11/17/2022 | 842 | 909 | 67 |
| &nbsp;&nbsp;&nbsp; Z4SN-XU9T, 29.670%, 2/11/2028 †§x# | Affirm | 2/26/2025 | 1559 | 1605 | 1624 |
| &nbsp;&nbsp;&nbsp; Z4SV-7229, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 249 | 255 | 257 |
| &nbsp;&nbsp;&nbsp; Z4SW-CRGZ, 33.050%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1229 | 1312 | 1312 |
| &nbsp;&nbsp;&nbsp; Z4SX-Z5TN, 35.300%, 3/28/2026 †x# | Affirm | 4/22/2025 | 124 | 122 | 10 |
| &nbsp;&nbsp;&nbsp; Z4TM-J0G2, 35.440%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 79 | 80 | 6 |
| &nbsp;&nbsp;&nbsp; Z4TP-RZ5T, 33.050%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 211 | 216 | 217 |
| &nbsp;&nbsp;&nbsp; Z4U5-40BV, 31.000%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 289 | 297 | 294 |
| &nbsp;&nbsp;&nbsp; Z4U8-DQ2J, 33.950%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 65 | 66 | 66 |
| &nbsp;&nbsp;&nbsp; Z4UE-YBVX, 20.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 100 | 105 | 107 |
| &nbsp;&nbsp;&nbsp; Z4UX-XTJ9, 35.610%, 7/21/2027 †§x# | Affirm | 2/13/2026 | 223 | 238 | 239 |
| &nbsp;&nbsp;&nbsp; Z4V8-FMUS, 32.000%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 141 | 141 | 141 |
| &nbsp;&nbsp;&nbsp; Z4VF-S7DW, 29.420%, 3/20/2026 †§x | Affirm | 3/28/2025 | 57 | 57 | 58 |
| &nbsp;&nbsp;&nbsp; Z4VQ-A2XT, 9.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 2663 | 2759 | 2778 |
| &nbsp;&nbsp;&nbsp; Z4VR-0WQF, 35.440%, 8/23/2025 †x#^ | Affirm | 8/29/2024 | 186 | 188 | 15 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6002** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z4W7-N24G, 35.330%, 12/27/2025 †x#^ | Affirm | 1/02/2024 | $733 | $737 | $59 |
| &nbsp;&nbsp;&nbsp; Z4X6-3NUN, 11.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 134 | 137 | 138 |
| &nbsp;&nbsp;&nbsp; Z4XC-SK0F, 35.390%, 8/03/2024 †x#^ | Affirm | 8/07/2023 | 50 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; Z4XK-DL0O, 29.500%, 12/29/2024 †x#^ | Affirm | 7/07/2023 | 138 | 145 | 11 |
| &nbsp;&nbsp;&nbsp; Z4Y5-Z3K8, 33.050%, 3/08/2026 †§x | Affirm | 9/26/2025 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; Z4YC-3SQI, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 169 | 173 | 175 |
| &nbsp;&nbsp;&nbsp; Z4YG-F4M2, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 149 | 154 | 154 |
| &nbsp;&nbsp;&nbsp; Z4YU-Y5G9, 34.000%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 92 | 91 | 91 |
| &nbsp;&nbsp;&nbsp; Z505-54XS, 35.590%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 188 | 191 | 15 |
| &nbsp;&nbsp;&nbsp; Z506-CCWF, 33.950%, 11/06/2025 †x#^ | Affirm | 8/29/2025 | 60 | 61 | 5 |
| &nbsp;&nbsp;&nbsp; Z50G-OMZ2, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 30 | 31 | 31 |
| &nbsp;&nbsp;&nbsp; Z513-OCUZ, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 313 | 320 | 320 |
| &nbsp;&nbsp;&nbsp; Z518-H9EV, 29.550%, 2/05/2027 †§x | Affirm | 8/29/2025 | 359 | 373 | 371 |
| &nbsp;&nbsp;&nbsp; Z519-LXPK, 35.770%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 174 | 180 | 28 |
| &nbsp;&nbsp;&nbsp; Z51D-2P32, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 593 | 609 | 619 |
| &nbsp;&nbsp;&nbsp; Z51G-18EZ, 29.680%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 753 | 793 | 60 |
| &nbsp;&nbsp;&nbsp; Z51G-RJ97, 29.610%, 3/08/2026 †§x# | Affirm | 9/26/2025 | 57 | 57 | 23 |
| &nbsp;&nbsp;&nbsp; Z51V-JOUY, 11.790%, 7/05/2023 †x#^ | Affirm | 7/08/2022 | 920 | 967 | 74 |
| &nbsp;&nbsp;&nbsp; Z530-ZUQZ, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 80 | 84 | 85 |
| &nbsp;&nbsp;&nbsp; Z533-8BN1, 5.793%, 1/23/2027 †§x« | Affirm | 2/13/2026 | 772 | 734 | 731 |
| &nbsp;&nbsp;&nbsp; Z534-1NPP, 29.610%, 6/19/2026 †x# | Affirm | 12/27/2024 | 471 | 498 | 38 |
| &nbsp;&nbsp;&nbsp; Z53A-F9Q0, 35.760%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 63 | 63 | 5 |
| &nbsp;&nbsp;&nbsp; Z53M-H3B9, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 265 | 279 | 282 |
| &nbsp;&nbsp;&nbsp; Z540-84VC, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 213 | 220 | 220 |
| &nbsp;&nbsp;&nbsp; Z547-0Q8V, 23.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | 745 | 769 | 774 |
| &nbsp;&nbsp;&nbsp; Z548-C97Y, 27.500%, 4/27/2025 †x#^ | Affirm | 12/30/2022 | 328 | 355 | 26 |
| &nbsp;&nbsp;&nbsp; Z54C-EMGO, 34.290%, 11/02/2023 †x#^ | Affirm | 11/07/2022 | 24 | 25 | 2 |
| &nbsp;&nbsp;&nbsp; Z54I-2GIV, 29.650%, 9/07/2023 †x#^ | Affirm | 9/12/2022 | 56 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; Z54O-C06X, 33.950%, 4/11/2025 †x#^ | Affirm | 4/15/2024 | 110 | 115 | 9 |
| &nbsp;&nbsp;&nbsp; Z54S-33Y4, 35.620%, 1/22/2027 †§x | Affirm | 2/13/2026 | 134 | 134 | 134 |
| &nbsp;&nbsp;&nbsp; Z55C-XPXN, 29.630%, 2/20/2025 †x#^ | Affirm | 2/23/2024 | 78 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; Z55D-94MH, 29.070%, 10/02/2024 †x#^ | Affirm | 10/05/2023 | 82 | 85 | 7 |
| &nbsp;&nbsp;&nbsp; Z55I-X80W, 29.490%, 5/04/2026 †§x | Affirm | 5/11/2023 | 601 | 605 | 600 |
| &nbsp;&nbsp;&nbsp; Z55K-WHSH, 16.000%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 262 | 261 | 260 |
| &nbsp;&nbsp;&nbsp; Z55N-7O6N, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 143 | 147 | 147 |
| &nbsp;&nbsp;&nbsp; Z56E-04D5, 35.650%, 3/06/2026 †x# | Affirm | 1/29/2025 | 1193 | 1176 | 95 |
| &nbsp;&nbsp;&nbsp; Z56G-B6RP, 27.500%, 7/14/2023 †x#^ | Affirm | 7/18/2022 | 167 | 176 | 13 |
| &nbsp;&nbsp;&nbsp; Z56H-933P, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 110 | 115 | 115 |
| &nbsp;&nbsp;&nbsp; Z56N-P93J, 32.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 452 | 463 | 466 |
| &nbsp;&nbsp;&nbsp; Z56Q-0WPZ, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 142 | 144 | 145 |
| &nbsp;&nbsp;&nbsp; Z574-HUS6, 30.000%, 1/03/2023 †x#^ | Affirm | 1/06/2022 | 77 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; Z575-N5U1, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 33 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; Z57P-8VJS, 15.950%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 34 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; Z581-J52A, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 52 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; Z58Q-FKM1, 29.610%, 12/09/2023 †x#^ | Affirm | 12/15/2022 | 241 | 246 | 19 |
| &nbsp;&nbsp;&nbsp; Z59N-P4CH, 35.880%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 1238 | 1209 | 1207 |
| &nbsp;&nbsp;&nbsp; Z5A3-SIYQ, 35.380%, 12/04/2025 †x#^ | Affirm | 12/07/2023 | 565 | 567 | 45 |
| &nbsp;&nbsp;&nbsp; Z5A6-IEUE, 33.950%, 1/22/2027 †x | Affirm | 2/13/2026 | 357 | 376 | 380 |
| &nbsp;&nbsp;&nbsp; Z5AM-CGL1, 35.410%, 4/02/2025 †x#^ | Affirm | 10/07/2024 | 300 | 309 | 24 |
| &nbsp;&nbsp;&nbsp; Z5AU-B0KP, 15.890%, 3/03/2026 †x# | Affirm | 3/28/2025 | 552 | 569 | 44 |
| &nbsp;&nbsp;&nbsp; Z5BF-SRUE, 27.950%, 2/06/2026 †x#^ | Affirm | 2/26/2025 | 186 | 192 | 15 |
| &nbsp;&nbsp;&nbsp; Z5BH-EUCO, 15.820%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 45 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; Z5BR-1YCS, 23.700%, 7/03/2024 †x#^ | Affirm | 1/06/2023 | 32 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; Z5BR-H1RA, 13.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 478 | 495 | 498 |
| &nbsp;&nbsp;&nbsp; Z5BY-LEW7, 35.380%, 6/02/2026 †x# | Affirm | 6/27/2025 | 362 | 356 | 10 |
| &nbsp;&nbsp;&nbsp; Z5C1-M6CJ, 35.280%, 7/28/2024 †x#^ | Affirm | 8/03/2023 | 100 | 94 | 8 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6003** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z5C4-F41Q, 31.000%, 7/02/2026 †§x | Affirm | 1/29/2025 | $146 | $148 | $147 |
| &nbsp;&nbsp;&nbsp; Z5CB-7RO7, 33.950%, 10/25/2026 †§x | Affirm | 10/31/2024 | 303 | 308 | 310 |
| &nbsp;&nbsp;&nbsp; Z5CF-6OXW, 35.450%, 3/25/2026 †§x | Affirm | 9/30/2024 | 42 | 42 | 42 |
| &nbsp;&nbsp;&nbsp; Z5CH-3FJW, 23.400%, 9/24/2027 †§x | Affirm | 9/27/2024 | 766 | 784 | 788 |
| &nbsp;&nbsp;&nbsp; Z5DC-HTBK, 32.500%, 10/17/2024 †x#^ | Affirm | 4/22/2024 | 245 | 251 | 20 |
| &nbsp;&nbsp;&nbsp; Z5DF-ZYO5, 15.820%, 9/08/2026 †§x | Affirm | 9/26/2025 | 288 | 297 | 299 |
| &nbsp;&nbsp;&nbsp; Z5DX-VOD0, 26.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 71 | 72 | 72 |
| &nbsp;&nbsp;&nbsp; Z5E2-2W4N, 22.900%, 12/24/2027 †x | Affirm | 1/16/2026 | 5582 | 5920 | 5980 |
| &nbsp;&nbsp;&nbsp; Z5E3-IQKL, 32.000%, 7/13/2026 †§x | Affirm | 1/29/2025 | 250 | 254 | 254 |
| &nbsp;&nbsp;&nbsp; Z5ED-PDC8, 15.870%, 8/12/2026 †§x | Affirm | 2/26/2025 | 90 | 92 | 92 |
| &nbsp;&nbsp;&nbsp; Z5EI-CRDZ, 29.520%, 4/24/2026 †x# | Affirm | 4/27/2023 | 2375 | 2463 | 190 |
| &nbsp;&nbsp;&nbsp; Z5EZ-IFT5, 35.350%, 12/17/2024 †x#^ | Affirm | 9/20/2024 | 30 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; Z5EZ-YKPQ, 35.600%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 108 | 112 | 9 |
| &nbsp;&nbsp;&nbsp; Z5FE-Y8C3, 29.660%, 1/15/2027 †§x | Affirm | 1/29/2025 | 379 | 389 | 390 |
| &nbsp;&nbsp;&nbsp; Z5FR-4P68, 35.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 38 | 38 | 39 |
| &nbsp;&nbsp;&nbsp; Z5GA-W6KY, 35.600%, 12/05/2023 †x#^ | Affirm | 9/08/2023 | 87 | 87 | 7 |
| &nbsp;&nbsp;&nbsp; Z5GQ-7E97, 32.940%, 7/08/2026 †x# | Affirm | 7/31/2025 | 88 | 91 | 4 |
| &nbsp;&nbsp;&nbsp; Z5GR-MDB2, 15.730%, 4/14/2023 †x#^ | Affirm | 4/18/2022 | 62 | 65 | 5 |
| &nbsp;&nbsp;&nbsp; Z5GR-X1C3, 16.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 102 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; Z5GS-HD0Q, 30.000%, 5/04/2025 †x#^ | Affirm | 5/11/2023 | 268 | 267 | 21 |
| &nbsp;&nbsp;&nbsp; Z5GZ-PJ7D, 35.360%, 4/15/2026 †§x# | Affirm | 4/18/2024 | 158 | 158 | 158 |
| &nbsp;&nbsp;&nbsp; Z5H7-FBN1, 15.860%, 1/22/2027 †§x | Affirm | 2/13/2026 | 78 | 80 | 80 |
| &nbsp;&nbsp;&nbsp; Z5H9-UCMH, 20.000%, 12/02/2022 †x#^ | Affirm | 12/06/2021 | 11 | 12 | 1 |
| &nbsp;&nbsp;&nbsp; Z5I5-2L7T, 35.610%, 8/10/2026 †§x# | Affirm | 2/26/2025 | 114 | 113 | 113 |
| &nbsp;&nbsp;&nbsp; Z5IN-ZOZU, 33.950%, 6/20/2026 †§x | Affirm | 6/24/2024 | 213 | 215 | 215 |
| &nbsp;&nbsp;&nbsp; Z5IS-7PS4, 30.000%, 12/26/2024 †x#^ | Affirm | 6/29/2023 | 159 | 160 | 13 |
| &nbsp;&nbsp;&nbsp; Z5J4-MN2R, 18.000%, 3/23/2026 †§x | Affirm | 9/26/2024 | 46 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; Z5J6-MHM1, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 201 | 205 | 207 |
| &nbsp;&nbsp;&nbsp; Z5J9-FIBI, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 241 | 245 | 248 |
| &nbsp;&nbsp;&nbsp; Z5JO-108V, 6.069%, 8/07/2026 †§x« | Affirm | 8/29/2025 | 2200 | 2144 | 2131 |
| &nbsp;&nbsp;&nbsp; Z5JP-GBAV, 29.680%, 6/22/2026 †§x | Affirm | 1/16/2026 | 65 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; Z5JU-2FJC, 29.640%, 9/14/2023 †x#^ | Affirm | 9/19/2022 | 193 | 191 | 15 |
| &nbsp;&nbsp;&nbsp; Z5JY-8B2G, 29.680%, 7/21/2027 †§x | Affirm | 2/13/2026 | 377 | 402 | 403 |
| &nbsp;&nbsp;&nbsp; Z5K3-NLTC, 15.760%, 8/06/2026 †§x# | Affirm | 8/29/2025 | 82 | 84 | 84 |
| &nbsp;&nbsp;&nbsp; Z5K4-5W63, 35.490%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 112 | 112 | 112 |
| &nbsp;&nbsp;&nbsp; Z5K8-TH2J, 15.870%, 8/11/2026 †§x | Affirm | 2/26/2025 | 97 | 98 | 98 |
| &nbsp;&nbsp;&nbsp; Z5KC-9617, 35.290%, 6/06/2024 †x#^ | Affirm | 3/09/2023 | 56 | 54 | 5 |
| &nbsp;&nbsp;&nbsp; Z5LZ-B38L, 19.700%, 3/08/2026 †§x | Affirm | 9/26/2025 | 37 | 37 | 38 |
| &nbsp;&nbsp;&nbsp; Z5MF-4MGA, 13.104%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 78 | 77 | 77 |
| &nbsp;&nbsp;&nbsp; Z5N0-IZJ5, 29.620%, 9/26/2026 †§x# | Affirm | 9/30/2024 | 293 | 297 | 300 |
| &nbsp;&nbsp;&nbsp; Z5NQ-CT9T, 28.950%, 9/24/2026 †§x | Affirm | 9/27/2024 | 318 | 317 | 322 |
| &nbsp;&nbsp;&nbsp; Z5O4-7A6N, 35.520%, 3/28/2025 †x#^ | Affirm | 10/03/2024 | 121 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; Z5O4-NACS, 28.000%, 4/20/2024 †x#^ | Affirm | 10/24/2022 | 174 | 186 | 14 |
| &nbsp;&nbsp;&nbsp; Z5O8-CDMP, 35.380%, 4/28/2025 †x#^ | Affirm | 10/31/2024 | 24 | 25 | 2 |
| &nbsp;&nbsp;&nbsp; Z5OL-1TCZ, 33.000%, 10/28/2026 †x# | Affirm | 10/31/2024 | 1440 | 1423 | 115 |
| &nbsp;&nbsp;&nbsp; Z5PB-1HH0, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1031 | 1086 | 1098 |
| &nbsp;&nbsp;&nbsp; Z5PC-3BNA, 29.870%, 2/01/2023 †x#^ | Affirm | 2/04/2022 | 169 | 177 | 13 |
| &nbsp;&nbsp;&nbsp; Z5PH-6SVC, 33.950%, 3/23/2026 †x# | Affirm | 9/26/2024 | 293 | 310 | 23 |
| &nbsp;&nbsp;&nbsp; Z5PI-Y24E, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 359 | 368 | 370 |
| &nbsp;&nbsp;&nbsp; Z5PQ-7TR9, 33.950%, 4/16/2027 †§x# | Affirm | 4/19/2024 | 494 | 500 | 498 |
| &nbsp;&nbsp;&nbsp; Z5PX-5PW5, 22.900%, 3/28/2026 †§x | Affirm | 3/31/2025 | 84 | 84 | 84 |
| &nbsp;&nbsp;&nbsp; Z5Q9-X08I, 35.980%, 4/22/2026 †§x | Affirm | 2/13/2026 | 51 | 50 | 51 |
| &nbsp;&nbsp;&nbsp; Z5RA-QSJJ, 32.500%, 7/29/2024 †x#^ | Affirm | 8/03/2023 | 97 | 91 | 8 |
| &nbsp;&nbsp;&nbsp; Z5RC-79TY, 29.490%, 12/29/2024 †x#^ | Affirm | 7/07/2023 | 76 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; Z5RN-G8MB, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 417 | 427 | 430 |
| &nbsp;&nbsp;&nbsp; Z5RQ-TMCG, 35.460%, 8/06/2026 †§x | Affirm | 8/29/2025 | 169 | 171 | 170 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6004** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z5RU-AAZP, 31.500%, 10/02/2024 †x#^ | Affirm | 10/05/2023 | $29 | $31 | $2 |
| &nbsp;&nbsp;&nbsp; Z5S0-U6HP, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 78 | 80 | 81 |
| &nbsp;&nbsp;&nbsp; Z5S9-29QJ, 35.850%, 4/22/2026 †§x | Affirm | 2/13/2026 | 51 | 51 | 51 |
| &nbsp;&nbsp;&nbsp; Z5SQ-37QV, 27.500%, 10/03/2023 †x#^ | Affirm | 10/06/2022 | 921 | 965 | 74 |
| &nbsp;&nbsp;&nbsp; Z5SR-UD6I, 28.000%, 5/19/2024 †x#^ | Affirm | 5/25/2023 | 416 | 387 | 33 |
| &nbsp;&nbsp;&nbsp; Z5T0-ZM40, 25.000%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 2137 | 2240 | 171 |
| &nbsp;&nbsp;&nbsp; Z5T6-ET3G, 22.750%, 7/06/2026 †§x | Affirm | 1/29/2025 | 103 | 105 | 105 |
| &nbsp;&nbsp;&nbsp; Z5TE-RYXI, 33.950%, 7/08/2025 †x#^ | Affirm | 1/29/2025 | 296 | 302 | 24 |
| &nbsp;&nbsp;&nbsp; Z5TE-W1CC, 35.480%, 1/04/2025 †x#^ | Affirm | 1/08/2024 | 30 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; Z5TF-HVHM, 15.690%, 3/03/2026 †§x | Affirm | 3/28/2025 | 99 | 99 | 98 |
| &nbsp;&nbsp;&nbsp; Z5U5-ZIYA, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 755 | 736 | 730 |
| &nbsp;&nbsp;&nbsp; Z5U7-HYBL, 29.650%, 9/16/2023 †x#^ | Affirm | 9/22/2022 | 251 | 248 | 20 |
| &nbsp;&nbsp;&nbsp; Z5V0-AN7R, 33.090%, 2/26/2025 †x#^ | Affirm | 2/29/2024 | 108 | 108 | 9 |
| &nbsp;&nbsp;&nbsp; Z5V5-4G5F, 33.050%, 1/15/2026 †x#^ | Affirm | 11/27/2024 | 82 | 87 | 7 |
| &nbsp;&nbsp;&nbsp; Z5VU-1CN2, 30.950%, 3/20/2026 †§x | Affirm | 3/28/2025 | 34 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; Z5W6-1JQU, 28.000%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 198 | 208 | 16 |
| &nbsp;&nbsp;&nbsp; Z5X4-7HCG, 15.810%, 5/15/2026 †§x | Affirm | 11/27/2024 | 299 | 301 | 301 |
| &nbsp;&nbsp;&nbsp; Z5X5-DUIM, 14.700%, 5/21/2026 †§x | Affirm | 5/24/2024 | 609 | 612 | 613 |
| &nbsp;&nbsp;&nbsp; Z5XK-X56D, 18.000%, 7/21/2027 †§x | Affirm | 2/13/2026 | 517 | 542 | 547 |
| &nbsp;&nbsp;&nbsp; Z5XO-GFK1, 31.000%, 6/02/2026 †§x | Affirm | 6/27/2025 | 1810 | 1836 | 1836 |
| &nbsp;&nbsp;&nbsp; Z5XS-ZU8J, 35.540%, 3/08/2026 †§x | Affirm | 9/26/2025 | 115 | 115 | 115 |
| &nbsp;&nbsp;&nbsp; Z5XV-BKFZ, 29.580%, 4/03/2024 †x#^ | Affirm | 10/06/2022 | 47 | 49 | 4 |
| &nbsp;&nbsp;&nbsp; Z5XV-SK9H, 33.050%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 98 | 103 | 8 |
| &nbsp;&nbsp;&nbsp; Z5YK-9JWE, 33.050%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 37 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; Z5YQ-AB9Q, 22.750%, 8/28/2026 †§x# | Affirm | 8/31/2023 | 296 | 301 | 174 |
| &nbsp;&nbsp;&nbsp; Z5YS-HLJO, 35.740%, 3/03/2026 †x# | Affirm | 3/28/2025 | 56 | 57 | 2 |
| &nbsp;&nbsp;&nbsp; Z5YU-LEDT, 33.050%, 3/28/2026 †§x | Affirm | 3/31/2025 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; Z5ZB-HO30, 25.200%, 7/21/2027 †§x | Affirm | 2/13/2026 | 249 | 266 | 267 |
| &nbsp;&nbsp;&nbsp; Z5ZT-I3AA, 35.440%, 6/02/2026 †§x | Affirm | 6/27/2025 | 59 | 59 | 58 |
| &nbsp;&nbsp;&nbsp; Z60A-B6HG, 35.710%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 50 | 51 | 2 |
| &nbsp;&nbsp;&nbsp; Z60G-V2KH, 15.800%, 12/22/2026 †x# | Affirm | 1/16/2026 | 258 | 266 | 73 |
| &nbsp;&nbsp;&nbsp; Z610-BAPP, 29.610%, 6/10/2023 †x#^ | Affirm | 12/16/2021 | 2 | 2 |  |
| &nbsp;&nbsp;&nbsp; Z611-65AM, 35.610%, 7/21/2027 †§x# | Affirm | 2/13/2026 | 467 | 498 | 498 |
| &nbsp;&nbsp;&nbsp; Z613-8CA2, 13.840%, 8/07/2026 †§x | Affirm | 8/29/2025 | 382 | 388 | 389 |
| &nbsp;&nbsp;&nbsp; Z615-SX4Z, 29.810%, 2/07/2023 †x#^ | Affirm | 2/10/2022 | 87 | 90 | 7 |
| &nbsp;&nbsp;&nbsp; Z615-W7Y1, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 90 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; Z61R-Q5JP, 35.450%, 4/15/2026 †§x | Affirm | 4/18/2024 | 180 | 180 | 180 |
| &nbsp;&nbsp;&nbsp; Z62M-THNK, 29.540%, 6/03/2023 †x#^ | Affirm | 6/09/2022 | 404 | 424 | 32 |
| &nbsp;&nbsp;&nbsp; Z62T-79CA, 24.400%, 3/03/2026 †§x | Affirm | 3/28/2025 | 56 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; Z62T-JKZ7, 35.600%, 2/11/2027 †§x | Affirm | 2/26/2025 | 477 | 473 | 479 |
| &nbsp;&nbsp;&nbsp; Z638-S61X, 29.000%, 5/25/2026 †x# | Affirm | 5/30/2023 | 3178 | 3410 | 254 |
| &nbsp;&nbsp;&nbsp; Z640-LZSB, 35.760%, 7/22/2026 †§x | Affirm | 2/13/2026 | 47 | 47 | 48 |
| &nbsp;&nbsp;&nbsp; Z641-FSLS, 33.000%, 12/17/2025 †x#^ | Affirm | 6/21/2024 | 313 | 307 | 25 |
| &nbsp;&nbsp;&nbsp; Z641-ITU4, 31.000%, 11/20/2026 †x# | Affirm | 11/27/2024 | 4956 | 5061 | 5103 |
| &nbsp;&nbsp;&nbsp; Z649-ZYQ7, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 288 | 303 | 306 |
| &nbsp;&nbsp;&nbsp; Z64C-2ZPN, 31.000%, 7/13/2026 †§x | Affirm | 1/29/2025 | 115 | 117 | 116 |
| &nbsp;&nbsp;&nbsp; Z64M-0MMW, 29.510%, 4/07/2023 †x#^ | Affirm | 4/11/2022 | 414 | 409 | 33 |
| &nbsp;&nbsp;&nbsp; Z64Z-ZYJB, 29.470%, 7/25/2023 †x#^ | Affirm | 7/28/2022 | 152 | 158 | 12 |
| &nbsp;&nbsp;&nbsp; Z653-KJFN, 20.000%, 4/20/2024 †x#^ | Affirm | 10/24/2022 | 16 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; Z655-6OPD, 35.440%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 86 | 87 | 85 |
| &nbsp;&nbsp;&nbsp; Z65K-VZO3, 32.500%, 7/03/2026 †§x | Affirm | 1/29/2025 | 96 | 97 | 96 |
| &nbsp;&nbsp;&nbsp; Z65P-XV4P, 35.740%, 7/22/2026 †§x | Affirm | 2/13/2026 | 96 | 98 | 98 |
| &nbsp;&nbsp;&nbsp; Z65X-C7DI, 33.950%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 38 | 40 | 3 |
| &nbsp;&nbsp;&nbsp; Z66A-AKSV, 15.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 170 | 174 | 176 |
| &nbsp;&nbsp;&nbsp; Z66E-7WU4, 35.480%, 9/24/2025 †x#^ | Affirm | 9/27/2024 | 245 | 255 | 20 |
| &nbsp;&nbsp;&nbsp; Z672-6WCF, 35.900%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 69 | 71 | 6 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6005** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z672-U4UO, 26.900%, 3/12/2026 †§x | Affirm | 9/26/2025 | $7 | $7 | $7 |
| &nbsp;&nbsp;&nbsp; Z67H-2AC1, 35.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; Z67O-18CG, 26.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 174 | 178 | 179 |
| &nbsp;&nbsp;&nbsp; Z67R-81OM, 29.680%, 1/03/2024 †x#^ | Affirm | 11/07/2022 | 1160 | 1136 | 93 |
| &nbsp;&nbsp;&nbsp; Z67Z-QAPZ, 35.470%, 9/05/2024 †x#^ | Affirm | 9/08/2023 | 74 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; Z682-80NJ, 29.500%, 7/05/2025 †x#^ | Affirm | 1/11/2024 | 391 | 410 | 31 |
| &nbsp;&nbsp;&nbsp; Z68F-NVOH, 35.400%, 10/28/2025 †x#^ | Affirm | 10/31/2024 | 97 | 97 | 8 |
| &nbsp;&nbsp;&nbsp; Z691-SX03, 21.900%, 3/17/2026 †§x | Affirm | 9/26/2025 | 31 | 31 | 31 |
| &nbsp;&nbsp;&nbsp; Z69B-JX28, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 311 | 318 | 318 |
| &nbsp;&nbsp;&nbsp; Z6A4-HIPY, 25.200%, 2/19/2026 †x#^ | Affirm | 8/22/2024 | 1162 | 1235 | 93 |
| &nbsp;&nbsp;&nbsp; Z6AB-CYQO, 21.900%, 2/28/2025 †x#^ | Affirm | 9/01/2023 | 81 | 85 | 6 |
| &nbsp;&nbsp;&nbsp; Z6AE-O60B, 35.480%, 8/29/2024 †x#^ | Affirm | 9/08/2023 | 594 | 557 | 48 |
| &nbsp;&nbsp;&nbsp; Z6AZ-9XB0, 26.500%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 70 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; Z6B1-60J7, 30.500%, 12/22/2026 †§x | Affirm | 1/16/2026 | 173 | 181 | 183 |
| &nbsp;&nbsp;&nbsp; Z6BF-4KBF, 29.500%, 12/15/2024 †x#^ | Affirm | 6/20/2023 | 712 | 751 | 57 |
| &nbsp;&nbsp;&nbsp; Z6BL-T574, 35.420%, 11/02/2024 †x#^ | Affirm | 5/06/2024 | 55 | 56 | 4 |
| &nbsp;&nbsp;&nbsp; Z6BM-UDXW, 35.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 106 | 106 | 107 |
| &nbsp;&nbsp;&nbsp; Z6CI-LG9J, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 706 | 688 | 685 |
| &nbsp;&nbsp;&nbsp; Z6CP-YWE6, 35.500%, 7/22/2026 †§x | Affirm | 2/13/2026 | 172 | 173 | 175 |
| &nbsp;&nbsp;&nbsp; Z6DL-AJ7Q, 35.350%, 7/08/2026 †§x | Affirm | 7/31/2025 | 169 | 172 | 173 |
| &nbsp;&nbsp;&nbsp; Z6DW-BDJU, 13.840%, 1/21/2028 †§x | Affirm | 2/13/2026 | 1808 | 1921 | 1923 |
| &nbsp;&nbsp;&nbsp; Z6EE-F1UQ, 33.050%, 12/02/2026 †§x# | Affirm | 6/27/2025 | 655 | 676 | 670 |
| &nbsp;&nbsp;&nbsp; Z6EF-OYNY, 22.490%, 11/14/2025 †x#^ | Affirm | 5/30/2025 | 346 | 354 | 28 |
| &nbsp;&nbsp;&nbsp; Z6EJ-BASU, 29.550%, 4/15/2026 †x# | Affirm | 4/18/2024 | 495 | 514 | 40 |
| &nbsp;&nbsp;&nbsp; Z6EO-S2B7, 29.690%, 1/22/2027 †§x | Affirm | 2/13/2026 | 130 | 134 | 134 |
| &nbsp;&nbsp;&nbsp; Z6EQ-TLRV, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 214 | 211 | 213 |
| &nbsp;&nbsp;&nbsp; Z6EV-BQ48, 35.120%, 11/27/2024 †x#^ | Affirm | 8/30/2024 | 85 | 84 | 7 |
| &nbsp;&nbsp;&nbsp; Z6GS-M4KW, 18.000%, 8/12/2026 †§x | Affirm | 2/26/2025 | 616 | 626 | 627 |
| &nbsp;&nbsp;&nbsp; Z6H8-11WO, 35.480%, 4/21/2026 †§x | Affirm | 10/24/2024 | 75 | 75 | 75 |
| &nbsp;&nbsp;&nbsp; Z6HA-KPPD, 35.410%, 4/15/2025 †x#^ | Affirm | 4/18/2024 | 113 | 102 | 9 |
| &nbsp;&nbsp;&nbsp; Z6HG-YERS, 35.700%, 5/12/2025 †x#^ | Affirm | 11/27/2024 | 150 | 151 | 12 |
| &nbsp;&nbsp;&nbsp; Z6HP-9YOM, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 113 | 117 | 118 |
| &nbsp;&nbsp;&nbsp; Z6I6-IN9N, 35.560%, 9/23/2025 †x#^ | Affirm | 9/26/2024 | 87 | 91 | 7 |
| &nbsp;&nbsp;&nbsp; Z6IJ-R1HU, 25.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 81 | 82 | 82 |
| &nbsp;&nbsp;&nbsp; Z6IL-64LK, 33.000%, 3/24/2026 †§x | Affirm | 9/27/2024 | 24 | 23 | 24 |
| &nbsp;&nbsp;&nbsp; Z6IP-2MJ4, 21.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 170 | 174 | 175 |
| &nbsp;&nbsp;&nbsp; Z6IW-QMMU, 22.930%, 7/22/2026 †§x | Affirm | 2/13/2026 | 45 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; Z6JC-3BTH, 18.700%, 6/07/2025 †x#^ | Affirm | 6/12/2023 | 692 | 690 | 55 |
| &nbsp;&nbsp;&nbsp; Z6JJ-ACV9, 24.400%, 1/02/2028 †§x# | Affirm | 1/29/2025 | 823 | 843 | 847 |
| &nbsp;&nbsp;&nbsp; Z6K6-IFJK, 33.380%, 7/22/2026 †§x | Affirm | 2/13/2026 | 80 | 82 | 83 |
| &nbsp;&nbsp;&nbsp; Z6KC-9J0Y, 35.500%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 33 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; Z6KD-N1OK, 33.050%, 1/02/2027 †§x | Affirm | 1/29/2025 | 281 | 287 | 288 |
| &nbsp;&nbsp;&nbsp; Z6KN-VWWK, 11.820%, 4/16/2027 †§x | Affirm | 4/19/2024 | 736 | 742 | 744 |
| &nbsp;&nbsp;&nbsp; Z6KU-9DCV, 23.400%, 7/22/2026 †§x | Affirm | 2/13/2026 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; Z6KV-CZF6, 25.200%, 6/22/2026 †§x | Affirm | 1/16/2026 | 235 | 239 | 241 |
| &nbsp;&nbsp;&nbsp; Z6KV-FN7F, 29.490%, 6/02/2026 †§x | Affirm | 6/27/2025 | 218 | 221 | 221 |
| &nbsp;&nbsp;&nbsp; Z6LQ-QEFX, 31.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 531 | 536 | 540 |
| &nbsp;&nbsp;&nbsp; Z6LS-EA1G, 35.430%, 1/06/2027 †§x# | Affirm | 1/29/2025 | 342 | 339 | 343 |
| &nbsp;&nbsp;&nbsp; Z6LT-3BFU, 29.410%, 5/08/2024 †x#^ | Affirm | 5/11/2023 | 3667 | 3415 | 293 |
| &nbsp;&nbsp;&nbsp; Z6LU-GZR4, 20.900%, 6/24/2027 †x | Affirm | 6/27/2024 | 3138 | 3169 | 3178 |
| &nbsp;&nbsp;&nbsp; Z6M5-YUOQ, 31.500%, 6/28/2024 †x#^ | Affirm | 7/03/2023 | 98 | 97 | 8 |
| &nbsp;&nbsp;&nbsp; Z6MD-BQKF, 15.830%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 96 | 98 | 8 |
| &nbsp;&nbsp;&nbsp; Z6MN-N6Q3, 32.000%, 1/06/2027 †§x# | Affirm | 1/29/2025 | 182 | 185 | 186 |
| &nbsp;&nbsp;&nbsp; Z6MQ-H8LP, 33.950%, 8/06/2026 †§x# | Affirm | 8/29/2025 | 122 | 123 | 68 |
| &nbsp;&nbsp;&nbsp; Z6MY-MFRU, 27.100%, 4/28/2024 †x#^ | Affirm | 11/03/2022 | 197 | 211 | 16 |
| &nbsp;&nbsp;&nbsp; Z6NE-9DSL, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 183 | 187 | 15 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6006** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z6NK-GQJ6, 22.750%, 3/29/2024 †x#^ | Affirm | 4/03/2023 | $84 | $88 | $7 |
| &nbsp;&nbsp;&nbsp; Z6NV-XBWS, 33.050%, 8/21/2024 †x#^ | Affirm | 8/24/2023 | 415 | 437 | 33 |
| &nbsp;&nbsp;&nbsp; Z6O5-9DMD, 29.490%, 7/19/2024 †x#^ | Affirm | 4/27/2023 | 174 | 158 | 14 |
| &nbsp;&nbsp;&nbsp; Z6OE-9QOK, 33.950%, 3/26/2027 †§x# | Affirm | 4/22/2025 | 375 | 387 | 393 |
| &nbsp;&nbsp;&nbsp; Z6OL-8IQL, 18.000%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 60 | 62 | 63 |
| &nbsp;&nbsp;&nbsp; Z6P1-7Z41, 35.650%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 392 | 405 | 405 |
| &nbsp;&nbsp;&nbsp; Z6PF-DJEP, 18.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 174 | 181 | 181 |
| &nbsp;&nbsp;&nbsp; Z6PU-4PUI, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 141 | 142 | 143 |
| &nbsp;&nbsp;&nbsp; Z6Q7-HHRA, 29.480%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 438 | 446 | 247 |
| &nbsp;&nbsp;&nbsp; Z6Q7-WTR6, 26.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 121 | 124 | 125 |
| &nbsp;&nbsp;&nbsp; Z6QE-JHWT, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 44 | 45 | 46 |
| &nbsp;&nbsp;&nbsp; Z6QH-T8H0, 29.640%, 11/28/2023 †x#^ | Affirm | 12/02/2021 | 284 | 307 | 23 |
| &nbsp;&nbsp;&nbsp; Z6QN-YBZY, 15.870%, 8/11/2026 †§x | Affirm | 2/26/2025 | 999 | 1019 | 1019 |
| &nbsp;&nbsp;&nbsp; Z6QV-RV9K, 35.490%, 1/13/2027 †x# | Affirm | 1/29/2025 | 844 | 839 | 68 |
| &nbsp;&nbsp;&nbsp; Z6RR-ES4O, 33.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 93 | 94 | 95 |
| &nbsp;&nbsp;&nbsp; Z6S0-5EZM, 33.950%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 77 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; Z6SL-VOBB, 32.500%, 8/12/2026 †x# | Affirm | 2/26/2025 | 173 | 180 | 9 |
| &nbsp;&nbsp;&nbsp; Z6SW-B0IX, 33.050%, 11/15/2026 †§x | Affirm | 11/27/2024 | 297 | 304 | 305 |
| &nbsp;&nbsp;&nbsp; Z6T2-VZHP, 33.050%, 3/12/2026 †§x | Affirm | 9/26/2025 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; Z6UK-R35V, 23.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 42 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; Z6UP-UTSV, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 204 | 212 | 213 |
| &nbsp;&nbsp;&nbsp; Z6UY-VYUQ, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 182 | 189 | 190 |
| &nbsp;&nbsp;&nbsp; Z6VK-6DBO, 28.000%, 6/03/2024 †x#^ | Affirm | 10/06/2022 | 50 | 54 | 4 |
| &nbsp;&nbsp;&nbsp; Z6VR-8S2U, 29.540%, 3/22/2026 †§x | Affirm | 1/16/2026 | 35 | 35 | 36 |
| &nbsp;&nbsp;&nbsp; Z6VV-W1NX, 22.700%, 12/22/2026 †§x | Affirm | 1/16/2026 | 150 | 154 | 155 |
| &nbsp;&nbsp;&nbsp; Z6WH-WTEJ, 29.510%, 4/18/2023 †x#^ | Affirm | 4/21/2022 | 288 | 298 | 23 |
| &nbsp;&nbsp;&nbsp; Z6WW-XG9Q, 29.760%, 8/12/2026 †§x | Affirm | 2/26/2025 | 108 | 110 | 110 |
| &nbsp;&nbsp;&nbsp; Z6XH-0QH7, 29.640%, 5/04/2024 †x#^ | Affirm | 11/10/2022 | 83 | 83 | 7 |
| &nbsp;&nbsp;&nbsp; Z6XH-IIK1, 35.580%, 1/21/2028 †x | Affirm | 2/13/2026 | 543 | 544 | 544 |
| &nbsp;&nbsp;&nbsp; Z6XI-XFVC, 29.610%, 6/19/2026 †§x | Affirm | 12/27/2024 | 71 | 72 | 72 |
| &nbsp;&nbsp;&nbsp; Z6XJ-WEQK, 33.050%, 4/21/2026 †§x | Affirm | 10/24/2024 | 110 | 110 | 110 |
| &nbsp;&nbsp;&nbsp; Z6XN-00OU, 13.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 507 | 526 | 529 |
| &nbsp;&nbsp;&nbsp; Z6XO-ZY8T, 29.590%, 10/24/2023 †x#^ | Affirm | 10/27/2022 | 253 | 250 | 20 |
| &nbsp;&nbsp;&nbsp; Z6XV-X4LJ, 29.710%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 121 | 128 | 128 |
| &nbsp;&nbsp;&nbsp; Z6YL-HIBO, 26.700%, 1/02/2027 †§x | Affirm | 1/29/2025 | 671 | 684 | 686 |
| &nbsp;&nbsp;&nbsp; Z6YQ-PXGJ, 29.420%, 7/29/2024 †x#^ | Affirm | 8/03/2023 | 260 | 244 | 21 |
| &nbsp;&nbsp;&nbsp; Z6YU-V4O2, 35.600%, 6/22/2026 †§x | Affirm | 1/16/2026 | 106 | 106 | 107 |
| &nbsp;&nbsp;&nbsp; Z6YX-3JYR, 35.460%, 6/24/2026 †§x | Affirm | 6/27/2024 | 471 | 470 | 476 |
| &nbsp;&nbsp;&nbsp; Z6YZ-M1L8, 30.000%, 11/17/2024 †x#^ | Affirm | 5/22/2023 | 417 | 440 | 33 |
| &nbsp;&nbsp;&nbsp; Z6Z4-FCIT, 35.530%, 12/22/2026 †x# | Affirm | 1/16/2026 | 125 | 124 | 25 |
| &nbsp;&nbsp;&nbsp; Z6ZE-7Q09, 23.700%, 1/09/2024 †x#^ | Affirm | 1/12/2023 | 75 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; Z6ZG-I04Y, 29.570%, 12/04/2027 †§x | Affirm | 12/07/2023 | 693 | 734 | 715 |
| &nbsp;&nbsp;&nbsp; Z6ZH-50K1, 35.300%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 56 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; Z6ZH-ZL1Y, 35.600%, 6/16/2025 †x#^ | Affirm | 12/27/2024 | 45 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; Z6ZP-FJ40, 35.630%, 12/23/2024 †x#^ | Affirm | 9/26/2024 | 35 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; Z6ZU-L78W, 35.770%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 618 | 614 | 49 |
| &nbsp;&nbsp;&nbsp; Z709-9UNS, 35.780%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 225 | 223 | 18 |
| &nbsp;&nbsp;&nbsp; Z70G-JKKL, 35.640%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 77 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; Z70L-6VRS, 15.750%, 6/06/2023 †x#^ | Affirm | 6/09/2022 | 2155 | 2231 | 172 |
| &nbsp;&nbsp;&nbsp; Z70Q-OG5X, 28.000%, 5/01/2024 †x#^ | Affirm | 11/04/2022 | 327 | 348 | 26 |
| &nbsp;&nbsp;&nbsp; Z715-YCU6, 9.238%, 4/03/2024 †x#^« | Affirm | 7/07/2023 | 157 | 150 | 13 |
| &nbsp;&nbsp;&nbsp; Z71G-CB1M, 14.700%, 1/10/2028 †§x | Affirm | 1/29/2025 | 1359 | 1393 | 1401 |
| &nbsp;&nbsp;&nbsp; Z71S-91VF, 35.900%, 7/02/2026 †§x | Affirm | 1/29/2025 | 226 | 229 | 227 |
| &nbsp;&nbsp;&nbsp; Z71U-4K7Z, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 249 | 246 | 247 |
| &nbsp;&nbsp;&nbsp; Z71U-5X1N, 29.610%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 399 | 417 | 32 |
| &nbsp;&nbsp;&nbsp; Z71Y-YI7R, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 60 | 60 | 60 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6007** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z724-233F, 35.400%, 10/22/2026 †§x | Affirm | 10/25/2024 | $489 | $486 | $493 |
| &nbsp;&nbsp;&nbsp; Z72D-B36T, 33.950%, 12/11/2025 †x#^ | Affirm | 12/27/2024 | 48 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; Z72M-PJE0, 29.590%, 3/05/2024 †x#^ | Affirm | 9/08/2023 | 202 | 207 | 16 |
| &nbsp;&nbsp;&nbsp; Z72Q-IAJR, 28.970%, 5/09/2025 †x#^ | Affirm | 5/12/2023 | 492 | 519 | 39 |
| &nbsp;&nbsp;&nbsp; Z72Q-LGTL, 35.770%, 2/06/2026 †x#^ | Affirm | 2/26/2025 | 509 | 505 | 41 |
| &nbsp;&nbsp;&nbsp; Z72R-FRHA, 15.690%, 3/20/2026 †§x | Affirm | 3/28/2025 | 249 | 249 | 249 |
| &nbsp;&nbsp;&nbsp; Z72Z-WLE9, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 69 | 69 | 6 |
| &nbsp;&nbsp;&nbsp; Z732-XCXS, 29.570%, 11/20/2027 †§x | Affirm | 11/24/2023 | 1014 | 1072 | 1036 |
| &nbsp;&nbsp;&nbsp; Z73F-2QAP, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 122 | 125 | 125 |
| &nbsp;&nbsp;&nbsp; Z73P-57OE, 13.104%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 380 | 373 | 371 |
| &nbsp;&nbsp;&nbsp; Z73P-EQRS, 14.700%, 12/28/2023 †x#^ | Affirm | 1/06/2023 | 122 | 127 | 10 |
| &nbsp;&nbsp;&nbsp; Z74C-I426, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 85 | 87 | 88 |
| &nbsp;&nbsp;&nbsp; Z74Q-5NCY, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; Z74U-KSZB, 29.730%, 1/22/2027 †§x | Affirm | 2/13/2026 | 158 | 167 | 169 |
| &nbsp;&nbsp;&nbsp; Z74W-T7VE, 29.680%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 663 | 698 | 53 |
| &nbsp;&nbsp;&nbsp; Z75H-SBT0, 35.450%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 153 | 157 | 158 |
| &nbsp;&nbsp;&nbsp; Z75Q-PQBB, 29.520%, 5/02/2023 †x#^ | Affirm | 5/05/2022 | 69 | 68 | 6 |
| &nbsp;&nbsp;&nbsp; Z76X-83P0, 35.370%, 3/22/2026 †§x | Affirm | 1/16/2026 | 42 | 42 | 43 |
| &nbsp;&nbsp;&nbsp; Z77B-L8ZY, 32.500%, 3/07/2027 †x# | Affirm | 3/31/2025 | 2835 | 2784 | 227 |
| &nbsp;&nbsp;&nbsp; Z77B-RIAV, 29.700%, 6/02/2026 †§x | Affirm | 6/27/2025 | 60 | 61 | 61 |
| &nbsp;&nbsp;&nbsp; Z78G-GRGR, 33.050%, 2/27/2026 †§x#^ | Affirm | 3/28/2025 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; Z78P-K2IB, 29.670%, 2/10/2028 †x | Affirm | 2/26/2025 | 2579 | 2678 | 2699 |
| &nbsp;&nbsp;&nbsp; Z78T-PST3, 35.370%, 8/07/2024 †x#^ | Affirm | 8/10/2023 | 21 | 21 | 2 |
| &nbsp;&nbsp;&nbsp; Z798-6VYA, 29.610%, 11/18/2024 †x#^ | Affirm | 11/25/2022 | 689 | 727 | 55 |
| &nbsp;&nbsp;&nbsp; Z79B-TRM0, 29.670%, 4/01/2025 †x#^ | Affirm | 10/04/2024 | 51 | 52 | 4 |
| &nbsp;&nbsp;&nbsp; Z79C-ZBP6, 33.950%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 26 | 27 | 2 |
| &nbsp;&nbsp;&nbsp; Z79S-8MXG, 33.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 127 | 129 | 130 |
| &nbsp;&nbsp;&nbsp; Z7AC-1H89, 35.770%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 229 | 227 | 18 |
| &nbsp;&nbsp;&nbsp; Z7AF-T3HH, 29.000%, 1/06/2023 †x#^ | Affirm | 1/10/2022 | 6 | 6 | 1 |
| &nbsp;&nbsp;&nbsp; Z7AT-87OC, 35.390%, 4/24/2026 †x# | Affirm | 10/28/2024 | 262 | 258 | 21 |
| &nbsp;&nbsp;&nbsp; Z7AU-2J4L, 33.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 28 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; Z7B2-KGIR, 33.050%, 1/08/2028 †§x | Affirm | 1/29/2025 | 829 | 850 | 852 |
| &nbsp;&nbsp;&nbsp; Z7B5-6GU6, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 96 | 101 | 102 |
| &nbsp;&nbsp;&nbsp; Z7B8-S1ZF, 29.430%, 5/11/2024 †x#^ | Affirm | 5/15/2023 | 96 | 100 | 8 |
| &nbsp;&nbsp;&nbsp; Z7B9-WEP1, 35.330%, 12/07/2025 †x#^ | Affirm | 12/11/2023 | 419 | 421 | 33 |
| &nbsp;&nbsp;&nbsp; Z7BA-KXU2, 35.400%, 1/01/2025 †x#^ | Affirm | 7/05/2024 | 37 | 38 | 3 |
| &nbsp;&nbsp;&nbsp; Z7BL-FQBJ, 35.490%, 2/26/2025 †x#^ | Affirm | 2/29/2024 | 164 | 165 | 13 |
| &nbsp;&nbsp;&nbsp; Z7BS-CTF9, 18.000%, 1/09/2028 †x | Affirm | 1/29/2025 | 2470 | 2532 | 2546 |
| &nbsp;&nbsp;&nbsp; Z7BT-QDLM, 29.610%, 7/02/2026 †x# | Affirm | 1/29/2025 | 174 | 183 | 41 |
| &nbsp;&nbsp;&nbsp; Z7BU-ULJA, 35.290%, 5/29/2024 †x#^ | Affirm | 6/02/2023 | 285 | 279 | 23 |
| &nbsp;&nbsp;&nbsp; Z7BY-DZ2M, 35.210%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; Z7C7-SKUS, 29.710%, 1/28/2023 †x#^ | Affirm | 2/03/2022 | 22 | 23 | 2 |
| &nbsp;&nbsp;&nbsp; Z7CC-VJ81, 35.470%, 6/05/2024 †x#^ | Affirm | 12/08/2023 | 14 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; Z7CF-2SWC, 35.810%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 48 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; Z7CG-CUQL, 22.570%, 3/20/2026 †§x | Affirm | 3/28/2025 | 46 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; Z7D3-IU94, 35.000%, 10/25/2025 †x#^ | Affirm | 10/31/2024 | 471 | 473 | 38 |
| &nbsp;&nbsp;&nbsp; Z7DT-7974, 32.500%, 7/15/2026 †§x# | Affirm | 1/29/2025 | 131 | 133 | 131 |
| &nbsp;&nbsp;&nbsp; Z7ER-3JER, 29.440%, 11/22/2024 †x#^ | Affirm | 5/25/2023 | 248 | 241 | 20 |
| &nbsp;&nbsp;&nbsp; Z7EV-S2O5, 35.630%, 9/08/2026 †§x | Affirm | 9/26/2025 | 31 | 31 | 31 |
| &nbsp;&nbsp;&nbsp; Z7EY-LL86, 33.950%, 3/28/2026 †x# | Affirm | 3/31/2025 | 72 | 77 | 2 |
| &nbsp;&nbsp;&nbsp; Z7F7-XYXJ, 22.720%, 9/19/2025 †x#^ | Affirm | 9/23/2024 | 159 | 159 | 13 |
| &nbsp;&nbsp;&nbsp; Z7FB-T4GV, 29.590%, 6/04/2025 †x#^ | Affirm | 12/07/2023 | 465 | 489 | 37 |
| &nbsp;&nbsp;&nbsp; Z7FD-KEOC, 11.820%, 12/24/2025 †x#^ | Affirm | 6/27/2024 | 322 | 335 | 26 |
| &nbsp;&nbsp;&nbsp; Z7GN-MG9Y, 13.840%, 6/22/2026 †§x | Affirm | 1/16/2026 | 116 | 118 | 119 |
| &nbsp;&nbsp;&nbsp; Z7H7-BV64, 29.590%, 10/21/2026 †§x | Affirm | 10/24/2024 | 204 | 208 | 208 |
| &nbsp;&nbsp;&nbsp; Z7HC-JYQC, 35.630%, 6/02/2026 †§x | Affirm | 6/27/2025 | 71 | 72 | 71 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6008** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z7HJ-T8ZJ, 24.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | $554 | $572 | $575 |
| &nbsp;&nbsp;&nbsp; Z7HP-NZIK, 15.870%, 8/12/2026 †§x | Affirm | 2/26/2025 | 93 | 94 | 94 |
| &nbsp;&nbsp;&nbsp; Z7IB-VLUK, 35.640%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 125 | 128 | 10 |
| &nbsp;&nbsp;&nbsp; Z7IM-J7YC, 20.900%, 5/22/2026 †§x | Affirm | 5/28/2024 | 198 | 199 | 199 |
| &nbsp;&nbsp;&nbsp; Z7J0-IQ2M, 29.590%, 11/14/2026 †x# | Affirm | 11/27/2024 | 499 | 522 | 40 |
| &nbsp;&nbsp;&nbsp; Z7JE-6IB8, 29.670%, 7/06/2025 †x#^ | Affirm | 1/29/2025 | 97 | 99 | 8 |
| &nbsp;&nbsp;&nbsp; Z7JF-Q304, 31.000%, 4/28/2027 †x# | Affirm | 5/02/2024 | 1947 | 1973 | 1973 |
| &nbsp;&nbsp;&nbsp; Z7JP-FJZA, 15.690%, 5/22/2024 †x#^ | Affirm | 5/25/2023 | 151 | 158 | 12 |
| &nbsp;&nbsp;&nbsp; Z7JQ-11ZY, 35.520%, 7/13/2026 †x# | Affirm | 1/29/2025 | 309 | 306 | 25 |
| &nbsp;&nbsp;&nbsp; Z7K0-OE66, 33.950%, 6/24/2026 †§x | Affirm | 6/27/2024 | 467 | 471 | 473 |
| &nbsp;&nbsp;&nbsp; Z7K4-8FZ8, 29.790%, 2/01/2026 †x#^ | Affirm | 2/06/2023 | 1017 | 1092 | 81 |
| &nbsp;&nbsp;&nbsp; Z7K9-STEU, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 120 | 119 | 10 |
| &nbsp;&nbsp;&nbsp; Z7KP-D9EO, 32.500%, 11/15/2026 †§x | Affirm | 11/27/2024 | 680 | 678 | 687 |
| &nbsp;&nbsp;&nbsp; Z7KR-3CPP, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1302 | 1349 | 1351 |
| &nbsp;&nbsp;&nbsp; Z7L2-IGVB, 35.910%, 7/22/2026 †x | Affirm | 2/13/2026 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; Z7L7-UNMN, 31.000%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 68 | 71 | 5 |
| &nbsp;&nbsp;&nbsp; Z7LW-3J8V, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 192 | 197 | 198 |
| &nbsp;&nbsp;&nbsp; Z7LZ-0APM, 29.730%, 1/22/2027 †§x | Affirm | 2/13/2026 | 107 | 111 | 112 |
| &nbsp;&nbsp;&nbsp; Z7M3-TK1B, 23.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 45 | 47 | 45 |
| &nbsp;&nbsp;&nbsp; Z7ME-W0D5, 29.900%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 78 | 77 | 6 |
| &nbsp;&nbsp;&nbsp; Z7MF-57BG, 11.960%, 7/17/2023 †x#^ | Affirm | 1/20/2023 | 43 | 44 | 3 |
| &nbsp;&nbsp;&nbsp; Z7MF-KRIX, 15.830%, 7/21/2027 †§x | Affirm | 2/13/2026 | 895 | 927 | 939 |
| &nbsp;&nbsp;&nbsp; Z7MU-ZOLB, 35.440%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 85 | 88 | 7 |
| &nbsp;&nbsp;&nbsp; Z7N5-RG0S, 6.237%, 3/05/2026 †§x« | Affirm | 3/28/2025 | 262 | 249 | 261 |
| &nbsp;&nbsp;&nbsp; Z7NC-94TS, 29.620%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 291 | 304 | 23 |
| &nbsp;&nbsp;&nbsp; Z7NG-2V0M, 33.050%, 3/20/2026 †§x | Affirm | 3/28/2025 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; Z7NH-B6PQ, 29.590%, 10/19/2023 †x#^ | Affirm | 10/24/2022 | 73 | 72 | 6 |
| &nbsp;&nbsp;&nbsp; Z7NM-TGYE, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 53 | 53 | 54 |
| &nbsp;&nbsp;&nbsp; Z7NW-XYRI, 33.950%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 252 | 264 | 20 |
| &nbsp;&nbsp;&nbsp; Z7O9-KXFA, 33.950%, 12/24/2028 †§x | Affirm | 1/16/2026 | 896 | 982 | 1004 |
| &nbsp;&nbsp;&nbsp; Z7OP-11YZ, 25.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | 26 | 26 | 27 |
| &nbsp;&nbsp;&nbsp; Z7P0-DRL5, 29.420%, 5/09/2024 †x#^ | Affirm | 5/12/2023 | 32 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; Z7PO-Z9XO, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 91 | 89 | 88 |
| &nbsp;&nbsp;&nbsp; Z7PR-UDEN, 29.490%, 2/28/2025 †x#^ | Affirm | 9/01/2023 | 348 | 361 | 28 |
| &nbsp;&nbsp;&nbsp; Z7Q7-NW3F, 29.630%, 5/14/2024 †x#^ | Affirm | 11/17/2022 | 208 | 217 | 17 |
| &nbsp;&nbsp;&nbsp; Z7QQ-XU45, 24.400%, 10/24/2026 †§x | Affirm | 10/28/2024 | 246 | 250 | 251 |
| &nbsp;&nbsp;&nbsp; Z7QX-EFD9, 35.390%, 7/09/2025 †x#^ | Affirm | 1/12/2024 | 345 | 345 | 28 |
| &nbsp;&nbsp;&nbsp; Z7RG-JWNV, 33.050%, 1/13/2029 †§x | Affirm | 1/29/2025 | 1113 | 1187 | 1191 |
| &nbsp;&nbsp;&nbsp; Z7RO-LZQ9, 35.550%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 51 | 51 | 4 |
| &nbsp;&nbsp;&nbsp; Z7RY-QCAB, 32.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 408 | 429 | 434 |
| &nbsp;&nbsp;&nbsp; Z7SP-5RNW, 29.560%, 11/01/2024 †x#^ | Affirm | 11/04/2022 | 479 | 504 | 38 |
| &nbsp;&nbsp;&nbsp; Z7SP-7MW0, 33.050%, 4/18/2026 †§x | Affirm | 10/24/2024 | 43 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; Z7SS-CO94, 35.450%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 264 | 270 | 21 |
| &nbsp;&nbsp;&nbsp; Z7T1-NU6D, 33.950%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 35 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; Z7TB-BDBP, 35.570%, 2/20/2025 †x#^ | Affirm | 2/29/2024 | 89 | 83 | 7 |
| &nbsp;&nbsp;&nbsp; Z7TM-HJBB, 23.400%, 3/08/2026 †§x | Affirm | 9/26/2025 | 60 | 60 | 60 |
| &nbsp;&nbsp;&nbsp; Z7U7-318I, 32.000%, 1/10/2028 †x | Affirm | 1/29/2025 | 1988 | 2028 | 2048 |
| &nbsp;&nbsp;&nbsp; Z7UA-HYQW, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 71 | 73 | 74 |
| &nbsp;&nbsp;&nbsp; Z7VD-ILPP, 33.050%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 108 | 109 | 109 |
| &nbsp;&nbsp;&nbsp; Z7VN-995U, 35.700%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 66 | 65 | 5 |
| &nbsp;&nbsp;&nbsp; Z7VV-NKN5, 15.700%, 3/20/2026 †§x | Affirm | 3/28/2025 | 65 | 65 | 66 |
| &nbsp;&nbsp;&nbsp; Z7VW-WUSA, 33.000%, 9/25/2027 †x# | Affirm | 9/30/2024 | 2770 | 2741 | 2779 |
| &nbsp;&nbsp;&nbsp; Z7VY-P3GI, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 54 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; Z7W5-M6N8, 11.830%, 11/04/2026 †§x | Affirm | 11/10/2022 | 95 | 97 | 93 |
| &nbsp;&nbsp;&nbsp; Z7W6-G11H, 35.520%, 12/22/2026 †§x | Affirm | 1/16/2026 | 177 | 175 | 179 |
| &nbsp;&nbsp;&nbsp; Z7WH-8MOE, 35.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 141 | 144 | 11 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6009** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z7X4-VG2S, 29.570%, 8/27/2026 †§x# | Affirm | 8/30/2024 | $273 | $277 | $277 |
| &nbsp;&nbsp;&nbsp; Z7XK-HYFL, 35.300%, 7/29/2024 †x#^ | Affirm | 8/03/2023 | 44 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; Z7XN-B3YJ, 35.290%, 5/29/2024 †x#^ | Affirm | 6/02/2023 | 1947 | 1904 | 156 |
| &nbsp;&nbsp;&nbsp; Z7YW-8ZZR, 24.400%, 7/21/2027 †§x# | Affirm | 2/13/2026 | 1625 | 1704 | 1709 |
| &nbsp;&nbsp;&nbsp; Z7Z2-2D11, 33.950%, 10/09/2025 †x#^ | Affirm | 4/12/2024 | 367 | 385 | 29 |
| &nbsp;&nbsp;&nbsp; Z7Z4-M6RP, 20.900%, 8/28/2025 †x#^ | Affirm | 3/04/2024 | 1198 | 1257 | 96 |
| &nbsp;&nbsp;&nbsp; Z7ZH-C5TA, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 78 | 80 | 80 |
| &nbsp;&nbsp;&nbsp; Z7ZJ-SZJW, 35.510%, 3/08/2026 †§x | Affirm | 9/26/2025 | 26 | 26 | 25 |
| &nbsp;&nbsp;&nbsp; Z7ZP-FLNQ, 35.480%, 9/05/2024 †x#^ | Affirm | 9/11/2023 | 428 | 401 | 34 |
| &nbsp;&nbsp;&nbsp; Z7ZV-GZN9, 24.400%, 3/26/2026 †§x# | Affirm | 9/30/2024 | 17 | 17 | 18 |
| &nbsp;&nbsp;&nbsp; Z800-OLHD, 28.000%, 3/20/2024 †x#^ | Affirm | 9/23/2022 | 225 | 241 | 18 |
| &nbsp;&nbsp;&nbsp; Z80H-1M56, 22.780%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 380 | 377 | 379 |
| &nbsp;&nbsp;&nbsp; Z80N-DXRI, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 110 | 113 | 113 |
| &nbsp;&nbsp;&nbsp; Z81E-XK0L, 31.500%, 11/26/2023 †x#^ | Affirm | 6/02/2023 | 2063 | 2086 | 165 |
| &nbsp;&nbsp;&nbsp; Z81Z-PX60, 15.940%, 7/15/2026 †§x | Affirm | 2/13/2026 | 146 | 146 | 146 |
| &nbsp;&nbsp;&nbsp; Z820-ADNT, 29.470%, 7/28/2023 †x#^ | Affirm | 8/01/2022 | 432 | 447 | 35 |
| &nbsp;&nbsp;&nbsp; Z820-ZHMP, 35.200%, 3/03/2026 †§x | Affirm | 3/28/2025 | 16 | 16 | 16 |
| &nbsp;&nbsp;&nbsp; Z826-5AFT, 35.770%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 231 | 238 | 18 |
| &nbsp;&nbsp;&nbsp; Z82T-XJ5O, 6.356%, 3/19/2026 †§x« | Affirm | 3/28/2025 | 36 | 34 | 36 |
| &nbsp;&nbsp;&nbsp; Z834-4KP6, 35.340%, 12/08/2023 †x#^ | Affirm | 6/12/2023 | 55 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; Z834-58OK, 29.000%, 5/28/2025 †x#^ | Affirm | 7/07/2023 | 48 | 52 | 4 |
| &nbsp;&nbsp;&nbsp; Z83F-S3Z6, 35.370%, 7/08/2026 †x# | Affirm | 7/31/2025 | 74 | 73 | 4 |
| &nbsp;&nbsp;&nbsp; Z83Y-ZF3O, 35.000%, 4/28/2026 †x# | Affirm | 1/29/2025 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; Z844-4766, 29.560%, 6/20/2026 †x# | Affirm | 6/24/2024 | 490 | 515 | 39 |
| &nbsp;&nbsp;&nbsp; Z84B-6CPJ, 33.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 130 | 131 | 133 |
| &nbsp;&nbsp;&nbsp; Z84D-941G, 13.840%, 9/08/2026 †§x | Affirm | 9/26/2025 | 278 | 284 | 284 |
| &nbsp;&nbsp;&nbsp; Z84L-G4HQ, 35.440%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 68 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; Z857-BP78, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 76 | 77 | 77 |
| &nbsp;&nbsp;&nbsp; Z858-8LKH, 29.560%, 9/05/2025 †x#^ | Affirm | 9/08/2023 | 543 | 550 | 43 |
| &nbsp;&nbsp;&nbsp; Z85J-VMR4, 35.000%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 130 | 134 | 10 |
| &nbsp;&nbsp;&nbsp; Z85U-QSR7, 13.840%, 1/02/2028 †§x | Affirm | 1/29/2025 | 983 | 1006 | 1012 |
| &nbsp;&nbsp;&nbsp; Z862-UHG5, 15.760%, 9/08/2026 †§x | Affirm | 9/26/2025 | 220 | 227 | 227 |
| &nbsp;&nbsp;&nbsp; Z863-GN5T, 17.900%, 10/20/2026 †§x | Affirm | 10/27/2022 | 1005 | 1022 | 963 |
| &nbsp;&nbsp;&nbsp; Z86D-MMWZ, 24.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 158 | 162 | 162 |
| &nbsp;&nbsp;&nbsp; Z86D-N759, 33.050%, 1/08/2027 †§x | Affirm | 7/31/2025 | 281 | 291 | 290 |
| &nbsp;&nbsp;&nbsp; Z86F-E8BZ, 29.850%, 7/22/2026 †§x | Affirm | 2/13/2026 | 107 | 109 | 110 |
| &nbsp;&nbsp;&nbsp; Z86L-D9XD, 28.000%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 73 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; Z86P-J6FJ, 35.900%, 4/15/2026 †§x | Affirm | 2/13/2026 | 41 | 40 | 40 |
| &nbsp;&nbsp;&nbsp; Z86T-VNI7, 35.390%, 3/22/2026 †§x | Affirm | 1/16/2026 | 93 | 91 | 94 |
| &nbsp;&nbsp;&nbsp; Z86V-T3ZT, 30.000%, 3/13/2025 †x#^ | Affirm | 6/16/2023 | 364 | 366 | 29 |
| &nbsp;&nbsp;&nbsp; Z86Y-8XFN, 33.950%, 9/05/2025 †x#^ | Affirm | 9/08/2023 | 1565 | 1671 | 125 |
| &nbsp;&nbsp;&nbsp; Z871-COO0, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 243 | 256 | 259 |
| &nbsp;&nbsp;&nbsp; Z875-2CQ4, 29.500%, 9/08/2026 †§x | Affirm | 9/26/2025 | 210 | 217 | 218 |
| &nbsp;&nbsp;&nbsp; Z87B-IRP8, 35.760%, 7/22/2026 †§x | Affirm | 2/13/2026 | 139 | 141 | 141 |
| &nbsp;&nbsp;&nbsp; Z87D-E9IE, 33.950%, 6/08/2024 †x#^ | Affirm | 6/12/2023 | 997 | 1043 | 80 |
| &nbsp;&nbsp;&nbsp; Z87I-R0X2, 32.940%, 3/25/2027 †§x | Affirm | 3/31/2025 | 323 | 322 | 325 |
| &nbsp;&nbsp;&nbsp; Z87Z-WVEC, 29.500%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 524 | 545 | 545 |
| &nbsp;&nbsp;&nbsp; Z881-G6KY, 35.210%, 3/20/2026 †§x | Affirm | 3/28/2025 | 51 | 51 | 51 |
| &nbsp;&nbsp;&nbsp; Z88I-UC7D, 31.000%, 6/11/2025 †x#^ | Affirm | 12/14/2023 | 417 | 427 | 33 |
| &nbsp;&nbsp;&nbsp; Z89D-YDOD, 21.900%, 12/22/2026 †§x | Affirm | 1/16/2026 | 224 | 231 | 232 |
| &nbsp;&nbsp;&nbsp; Z89G-721C, 23.400%, 6/02/2026 †§x | Affirm | 6/27/2025 | 267 | 270 | 270 |
| &nbsp;&nbsp;&nbsp; Z89U-JN40, 29.760%, 5/25/2023 †x#^ | Affirm | 12/01/2022 | 170 | 173 | 14 |
| &nbsp;&nbsp;&nbsp; Z89X-7L8A, 33.950%, 7/08/2025 †x#^ | Affirm | 1/29/2025 | 36 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; Z8A2-USB0, 35.350%, 7/17/2025 †x#^ | Affirm | 7/25/2024 | 765 | 795 | 61 |
| &nbsp;&nbsp;&nbsp; Z8A7-QU2J, 35.630%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 47 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; Z8BB-72B1, 29.620%, 12/27/2023 †x#^ | Affirm | 12/30/2022 | 315 | 329 | 25 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6010** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z8BB-91P0, 33.950%, 6/19/2026 †§x | Affirm | 12/27/2024 | $79 | $80 | $80 |
| &nbsp;&nbsp;&nbsp; Z8BE-A9G5, 33.950%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 57 | 58 | 58 |
| &nbsp;&nbsp;&nbsp; Z8BP-1PU5, 35.450%, 8/06/2026 †§x | Affirm | 8/29/2025 | 29 | 30 | 29 |
| &nbsp;&nbsp;&nbsp; Z8BZ-M51M, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 85 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; Z8CA-7EC7, 29.410%, 5/08/2024 †x#^ | Affirm | 5/11/2023 | 203 | 207 | 16 |
| &nbsp;&nbsp;&nbsp; Z8CW-6L2G, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 243 | 251 | 254 |
| &nbsp;&nbsp;&nbsp; Z8EB-8T2S, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 96 | 101 | 101 |
| &nbsp;&nbsp;&nbsp; Z8EG-XBU5, 31.000%, 5/17/2024 †x#^ | Affirm | 11/24/2023 | 1454 | 1491 | 116 |
| &nbsp;&nbsp;&nbsp; Z8EJ-YUTZ, 15.820%, 2/10/2028 †x# | Affirm | 2/26/2025 | 3133 | 3221 | 3259 |
| &nbsp;&nbsp;&nbsp; Z8F1-99M3, 15.770%, 8/06/2026 †§x | Affirm | 8/29/2025 | 291 | 296 | 295 |
| &nbsp;&nbsp;&nbsp; Z8F8-144A, 35.450%, 2/27/2026 †§x#^ | Affirm | 3/01/2024 | 49 | 49 | 48 |
| &nbsp;&nbsp;&nbsp; Z8F9-H1NE, 25.200%, 3/28/2028 †x# | Affirm | 3/31/2025 | 1929 | 2013 | 2020 |
| &nbsp;&nbsp;&nbsp; Z8FA-PVHR, 32.500%, 5/15/2026 †§x | Affirm | 11/27/2024 | 79 | 79 | 78 |
| &nbsp;&nbsp;&nbsp; Z8G1-DWB3, 15.970%, 4/22/2026 †§x | Affirm | 2/13/2026 | 85 | 86 | 85 |
| &nbsp;&nbsp;&nbsp; Z8G1-SO8K, 35.310%, 3/20/2026 †§x | Affirm | 3/28/2025 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; Z8G5-GXUE, 23.400%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; Z8G8-078D, 14.588%, 12/20/2024 †x#^« | Affirm | 6/24/2024 | 265 | 248 | 21 |
| &nbsp;&nbsp;&nbsp; Z8GQ-6DYJ, 28.000%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 70 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; Z8H2-2WOT, 13.840%, 12/22/2026 †§x | Affirm | 1/16/2026 | 236 | 243 | 240 |
| &nbsp;&nbsp;&nbsp; Z8H2-SXU8, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 392 | 358 | 31 |
| &nbsp;&nbsp;&nbsp; Z8I9-H8DH, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 154 | 159 | 161 |
| &nbsp;&nbsp;&nbsp; Z8IB-WIQ9, 22.710%, 1/21/2029 †§x | Affirm | 2/13/2026 | 1093 | 1180 | 1179 |
| &nbsp;&nbsp;&nbsp; Z8IQ-3HJX, 35.480%, 8/29/2024 †x#^ | Affirm | 9/05/2023 | 4800 | 4780 | 384 |
| &nbsp;&nbsp;&nbsp; Z8IS-0S7Z, 24.750%, 6/02/2026 †§x | Affirm | 6/27/2025 | 215 | 217 | 216 |
| &nbsp;&nbsp;&nbsp; Z8IZ-RHUD, 15.800%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 42 | 43 | 3 |
| &nbsp;&nbsp;&nbsp; Z8J2-Z9I7, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 110 | 107 | 106 |
| &nbsp;&nbsp;&nbsp; Z8JK-R98W, 23.400%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 87 | 88 | 88 |
| &nbsp;&nbsp;&nbsp; Z8JM-WI6I, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 384 | 381 | 31 |
| &nbsp;&nbsp;&nbsp; Z8KI-MGHY, 29.420%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; Z8KQ-KZPQ, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 51 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; Z8L3-N01N, 29.490%, 5/25/2025 †x#^ | Affirm | 8/31/2023 | 61 | 64 | 5 |
| &nbsp;&nbsp;&nbsp; Z8LD-UD99, 35.500%, 3/08/2026 †§x | Affirm | 9/26/2025 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; Z8LK-JFMJ, 23.400%, 12/19/2026 †§x# | Affirm | 12/27/2024 | 310 | 317 | 319 |
| &nbsp;&nbsp;&nbsp; Z8M9-9MJ8, 22.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 58 | 59 | 59 |
| &nbsp;&nbsp;&nbsp; Z8MB-V75T, 33.950%, 2/12/2027 †§x# | Affirm | 2/26/2025 | 288 | 297 | 296 |
| &nbsp;&nbsp;&nbsp; Z8MQ-J28S, 29.690%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 57 | 56 | 5 |
| &nbsp;&nbsp;&nbsp; Z8MW-CCLZ, 31.000%, 6/05/2026 †x# | Affirm | 6/08/2023 | 461 | 462 | 21 |
| &nbsp;&nbsp;&nbsp; Z8N1-V5CU, 32.980%, 11/02/2023 †x#^ | Affirm | 11/07/2022 | 195 | 199 | 16 |
| &nbsp;&nbsp;&nbsp; Z8NW-EVHV, 25.000%, 11/28/2024 †x#^ | Affirm | 12/01/2022 | 438 | 473 | 35 |
| &nbsp;&nbsp;&nbsp; Z8O1-U8OE, 33.950%, 4/18/2026 †§x | Affirm | 4/22/2024 | 260 | 261 | 261 |
| &nbsp;&nbsp;&nbsp; Z8OO-7X7K, 29.620%, 12/15/2023 †x#^ | Affirm | 12/19/2022 | 123 | 129 | 10 |
| &nbsp;&nbsp;&nbsp; Z8OX-LERP, 15.690%, 3/20/2026 †§x | Affirm | 3/28/2025 | 33 | 33 | 34 |
| &nbsp;&nbsp;&nbsp; Z8P5-OCD4, 29.580%, 12/24/2028 †x | Affirm | 1/16/2026 | 2162 | 2371 | 2417 |
| &nbsp;&nbsp;&nbsp; Z8PC-M0DA, 15.800%, 9/25/2026 †§x | Affirm | 9/30/2024 | 106 | 108 | 108 |
| &nbsp;&nbsp;&nbsp; Z8PN-9NYG, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 292 | 299 | 302 |
| &nbsp;&nbsp;&nbsp; Z8Q6-7053, 22.700%, 9/23/2027 †§x | Affirm | 9/26/2024 | 468 | 476 | 480 |
| &nbsp;&nbsp;&nbsp; Z8QF-05EM, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 251 | 259 | 20 |
| &nbsp;&nbsp;&nbsp; Z8QI-V6SA, 33.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 57 | 57 | 58 |
| &nbsp;&nbsp;&nbsp; Z8QX-BTFS, 29.600%, 6/08/2023 †x#^ | Affirm | 12/13/2021 | 106 | 102 | 8 |
| &nbsp;&nbsp;&nbsp; Z8R7-R3XP, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 120 | 119 | 121 |
| &nbsp;&nbsp;&nbsp; Z8RD-CURL, 30.000%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 109 | 115 | 9 |
| &nbsp;&nbsp;&nbsp; Z8RD-G26H, 33.110%, 7/17/2025 †x#^ | Affirm | 7/25/2024 | 94 | 95 | 8 |
| &nbsp;&nbsp;&nbsp; Z8RE-KE4I, 11.930%, 1/02/2027 †§x | Affirm | 1/29/2025 | 287 | 293 | 294 |
| &nbsp;&nbsp;&nbsp; Z8RF-3UGN, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 115 | 121 | 121 |
| &nbsp;&nbsp;&nbsp; Z8RI-UJC1, 22.690%, 9/13/2024 †x#^ | Affirm | 9/16/2022 | 1128 | 1230 | 90 |
| &nbsp;&nbsp;&nbsp; Z8RM-WKXU, 29.610%, 6/07/2023 †x#^ | Affirm | 12/10/2021 | 75 | 72 | 6 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6011** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z8RX-K8EU, 11.183%, 7/25/2023 †x#^« | Affirm | 1/28/2022 | $142 | $124 | $11 |
| &nbsp;&nbsp;&nbsp; Z8S0-4JLP, 35.800%, 8/26/2024 †x#^ | Affirm | 2/29/2024 | 35 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; Z8S1-GCG7, 33.950%, 3/03/2026 †§x | Affirm | 3/28/2025 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; Z8S3-NUSQ, 35.500%, 3/11/2026 †§x# | Affirm | 9/26/2025 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; Z8TI-U5T6, 26.700%, 8/10/2026 †x# | Affirm | 2/26/2025 | 2331 | 2360 | 1434 |
| &nbsp;&nbsp;&nbsp; Z8TO-6A5U, 29.120%, 6/21/2023 †x#^ | Affirm | 12/27/2021 | 206 | 197 | 16 |
| &nbsp;&nbsp;&nbsp; Z8TQ-032A, 35.380%, 2/04/2025 †x#^ | Affirm | 12/07/2023 | 3352 | 3104 | 268 |
| &nbsp;&nbsp;&nbsp; Z8TT-X6PV, 35.610%, 8/07/2026 †§x# | Affirm | 2/26/2025 | 117 | 118 | 116 |
| &nbsp;&nbsp;&nbsp; Z8U0-CXEJ, 35.320%, 6/04/2025 †x#^ | Affirm | 12/07/2023 | 233 | 239 | 19 |
| &nbsp;&nbsp;&nbsp; Z8U9-X002, 13.062%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 295 | 289 | 291 |
| &nbsp;&nbsp;&nbsp; Z8UH-R4DQ, 35.600%, 1/22/2027 †§x | Affirm | 2/13/2026 | 69 | 71 | 72 |
| &nbsp;&nbsp;&nbsp; Z8US-T2YN, 35.300%, 3/20/2026 †x# | Affirm | 3/28/2025 | 463 | 482 | 109 |
| &nbsp;&nbsp;&nbsp; Z8VL-WM69, 11.960%, 7/22/2026 †§x | Affirm | 2/13/2026 | 338 | 344 | 348 |
| &nbsp;&nbsp;&nbsp; Z8VM-G9ZE, 29.030%, 6/28/2026 †x# | Affirm | 7/03/2023 | 1208 | 1313 | 97 |
| &nbsp;&nbsp;&nbsp; Z8VR-TTHP, 35.520%, 6/24/2027 †§x | Affirm | 1/16/2026 | 346 | 341 | 349 |
| &nbsp;&nbsp;&nbsp; Z8VT-Z8VM, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 1643 | 1730 | 131 |
| &nbsp;&nbsp;&nbsp; Z8VX-B487, 34.000%, 1/14/2027 †§x | Affirm | 2/13/2026 | 421 | 376 | 386 |
| &nbsp;&nbsp;&nbsp; Z8VX-FUW3, 23.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1137 | 1179 | 1178 |
| &nbsp;&nbsp;&nbsp; Z8WE-PXLT, 30.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 139 | 142 | 143 |
| &nbsp;&nbsp;&nbsp; Z8WY-326W, 33.950%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 32 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; Z8XI-HQXW, 31.950%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 85 | 89 | 7 |
| &nbsp;&nbsp;&nbsp; Z8XV-OJP6, 33.950%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 162 | 171 | 15 |
| &nbsp;&nbsp;&nbsp; Z8Y1-XCMX, 29.690%, 6/22/2026 †§x | Affirm | 1/16/2026 | 38 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; Z8YR-URJM, 35.880%, 4/22/2026 †§x | Affirm | 2/13/2026 | 116 | 115 | 116 |
| &nbsp;&nbsp;&nbsp; Z8YT-D1SC, 35.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 84 | 85 | 86 |
| &nbsp;&nbsp;&nbsp; Z8Z3-1PNP, 35.800%, 8/10/2026 †§x# | Affirm | 2/26/2025 | 71 | 71 | 71 |
| &nbsp;&nbsp;&nbsp; Z8ZF-TU99, 26.900%, 3/28/2026 †§x | Affirm | 4/22/2025 | 16 | 16 | 16 |
| &nbsp;&nbsp;&nbsp; Z8ZI-KQAX, 15.730%, 3/27/2027 †§x# | Affirm | 3/31/2025 | 1933 | 1928 | 1927 |
| &nbsp;&nbsp;&nbsp; Z8ZL-BYJ6, 20.900%, 3/04/2026 †§x | Affirm | 3/07/2024 | 33 | 33 | 33 |
| &nbsp;&nbsp;&nbsp; Z8ZY-C3TB, 35.360%, 4/15/2026 †§x# | Affirm | 4/18/2024 | 33 | 33 | 33 |
| &nbsp;&nbsp;&nbsp; Z90P-8CAY, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 398 | 405 | 406 |
| &nbsp;&nbsp;&nbsp; Z90Y-LNZN, 35.810%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 15 | 15 |  |
| &nbsp;&nbsp;&nbsp; Z916-UGM8, 28.500%, 6/28/2023 †x#^ | Affirm | 7/05/2022 | 32 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; Z92G-2RKQ, 31.000%, 5/06/2027 †§x | Affirm | 5/30/2025 | 481 | 500 | 501 |
| &nbsp;&nbsp;&nbsp; Z92V-S9OO, 35.490%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 157 | 158 | 13 |
| &nbsp;&nbsp;&nbsp; Z93C-PA4M, 15.810%, 5/20/2026 †§x | Affirm | 11/27/2024 | 148 | 149 | 148 |
| &nbsp;&nbsp;&nbsp; Z93E-M591, 11.840%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 139 | 144 | 11 |
| &nbsp;&nbsp;&nbsp; Z93H-6U26, 30.000%, 11/11/2024 †x#^ | Affirm | 5/15/2023 | 317 | 319 | 25 |
| &nbsp;&nbsp;&nbsp; Z93W-K2AO, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 191 | 196 | 197 |
| &nbsp;&nbsp;&nbsp; Z93Z-A9JW, 33.950%, 7/02/2026 †§x | Affirm | 1/29/2025 | 127 | 128 | 126 |
| &nbsp;&nbsp;&nbsp; Z94Q-K03N, 35.160%, 12/02/2025 †x#^ | Affirm | 6/27/2025 | 35 | 36 | 3 |
| &nbsp;&nbsp;&nbsp; Z963-NK0X, 35.470%, 9/27/2024 †x#^ | Affirm | 10/02/2023 | 90 | 90 | 7 |
| &nbsp;&nbsp;&nbsp; Z96I-516U, 15.700%, 3/20/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; Z96K-DW3T, 29.550%, 6/25/2025 †x#^ | Affirm | 6/28/2024 | 195 | 201 | 16 |
| &nbsp;&nbsp;&nbsp; Z96N-EBDT, 33.950%, 8/06/2026 †§x | Affirm | 8/29/2025 | 308 | 315 | 317 |
| &nbsp;&nbsp;&nbsp; Z96U-UZB5, 23.400%, 6/27/2027 †§x# | Affirm | 7/01/2024 | 644 | 650 | 651 |
| &nbsp;&nbsp;&nbsp; Z96W-9OA0, 30.500%, 12/22/2026 †§x | Affirm | 1/16/2026 | 2038 | 2132 | 2159 |
| &nbsp;&nbsp;&nbsp; Z977-VJW2, 35.560%, 1/22/2027 †§x | Affirm | 2/13/2026 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; Z97U-PIR7, 35.350%, 7/23/2025 †x#^ | Affirm | 7/26/2024 | 179 | 181 | 14 |
| &nbsp;&nbsp;&nbsp; Z986-H7FO, 29.520%, 4/24/2023 †x#^ | Affirm | 11/03/2022 | 34 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; Z98G-UO89, 35.900%, 4/14/2026 †§x | Affirm | 2/13/2026 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; Z98K-DBH7, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 123 | 122 | 124 |
| &nbsp;&nbsp;&nbsp; Z98M-HS4Y, 33.050%, 8/06/2026 †§x | Affirm | 8/29/2025 | 194 | 199 | 199 |
| &nbsp;&nbsp;&nbsp; Z98W-T4GC, 35.990%, 8/06/2025 †x#^ | Affirm | 2/26/2025 | 36 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; Z98W-XYT3, 35.990%, 5/10/2025 †x#^ | Affirm | 2/26/2025 | 159 | 158 | 13 |
| &nbsp;&nbsp;&nbsp; Z995-XRSZ, 35.400%, 4/21/2026 †§x | Affirm | 10/24/2024 | 24 | 24 | 24 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6012** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z99G-11EO, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | $155 | $160 | $162 |
| &nbsp;&nbsp;&nbsp; Z99Q-6QHT, 22.640%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 29 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; Z99S-PUB8, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 182 | 181 | 183 |
| &nbsp;&nbsp;&nbsp; Z99V-M6AL, 24.630%, 8/06/2026 †§x | Affirm | 8/29/2025 | 68 | 69 | 70 |
| &nbsp;&nbsp;&nbsp; Z99X-Q9PN, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 201 | 208 | 210 |
| &nbsp;&nbsp;&nbsp; Z9A0-IIPU, 28.500%, 4/20/2023 †x#^ | Affirm | 10/24/2022 | 64 | 65 | 5 |
| &nbsp;&nbsp;&nbsp; Z9A0-LKZO, 15.760%, 12/05/2024 †x#^ | Affirm | 12/08/2023 | 93 | 97 | 7 |
| &nbsp;&nbsp;&nbsp; Z9AA-W9KC, 26.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 62 | 63 | 64 |
| &nbsp;&nbsp;&nbsp; Z9AK-NN6E, 24.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | 380 | 392 | 395 |
| &nbsp;&nbsp;&nbsp; Z9AM-Y8AG, 32.000%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 489 | 512 | 521 |
| &nbsp;&nbsp;&nbsp; Z9AZ-TI6R, 28.980%, 12/08/2022 †x#^ | Affirm | 6/13/2022 | 10 | 10 | 1 |
| &nbsp;&nbsp;&nbsp; Z9B6-T0O0, 29.810%, 2/04/2023 †x#^ | Affirm | 2/10/2022 | 281 | 277 | 22 |
| &nbsp;&nbsp;&nbsp; Z9BE-WMCX, 35.530%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 66 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; Z9BF-PX34, 22.750%, 6/24/2027 †§x | Affirm | 1/16/2026 | 701 | 733 | 743 |
| &nbsp;&nbsp;&nbsp; Z9CG-8M6G, 35.950%, 4/14/2026 †§x# | Affirm | 2/13/2026 | 97 | 92 | 92 |
| &nbsp;&nbsp;&nbsp; Z9CI-ELHA, 15.760%, 6/17/2025 †x#^ | Affirm | 6/21/2024 | 306 | 319 | 25 |
| &nbsp;&nbsp;&nbsp; Z9D0-75I6, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 44 | 44 | 45 |
| &nbsp;&nbsp;&nbsp; Z9D2-3MJ2, 35.000%, 12/20/2026 †§x | Affirm | 12/27/2024 | 141 | 141 | 143 |
| &nbsp;&nbsp;&nbsp; Z9D5-E5VA, 35.530%, 6/24/2027 †§x | Affirm | 1/16/2026 | 230 | 240 | 241 |
| &nbsp;&nbsp;&nbsp; Z9DA-CMV4, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 428 | 429 | 433 |
| &nbsp;&nbsp;&nbsp; Z9DP-I6TF, 35.800%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 178 | 179 | 180 |
| &nbsp;&nbsp;&nbsp; Z9EA-QB5T, 35.250%, 2/29/2024 †x#^ | Affirm | 9/05/2023 | 47 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; Z9EH-5A08, 29.580%, 6/16/2024 †x#^ | Affirm | 12/23/2022 | 378 | 395 | 30 |
| &nbsp;&nbsp;&nbsp; Z9ER-9TFH, 35.370%, 8/18/2024 †x#^ | Affirm | 8/24/2023 | 180 | 179 | 14 |
| &nbsp;&nbsp;&nbsp; Z9EZ-B7TO, 33.050%, 1/21/2029 †§x | Affirm | 2/13/2026 | 1155 | 1247 | 1243 |
| &nbsp;&nbsp;&nbsp; Z9F6-G6LV, 33.120%, 6/22/2026 †§x | Affirm | 1/16/2026 | 83 | 84 | 85 |
| &nbsp;&nbsp;&nbsp; Z9FG-MBMB, 24.400%, 8/11/2026 †§x# | Affirm | 2/26/2025 | 117 | 119 | 119 |
| &nbsp;&nbsp;&nbsp; Z9FN-WEBW, 32.500%, 4/22/2026 †§x | Affirm | 10/25/2024 | 54 | 55 | 54 |
| &nbsp;&nbsp;&nbsp; Z9FU-MVX8, 29.400%, 12/28/2023 †x#^ | Affirm | 7/03/2023 | 28 | 29 | 2 |
| &nbsp;&nbsp;&nbsp; Z9G0-92KR, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 37 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; Z9G6-3NWV, 33.050%, 12/22/2026 †§x | Affirm | 1/16/2026 | 136 | 143 | 145 |
| &nbsp;&nbsp;&nbsp; Z9GB-SVNC, 26.900%, 12/22/2026 †§x | Affirm | 1/16/2026 | 179 | 184 | 186 |
| &nbsp;&nbsp;&nbsp; Z9GG-DAEX, 31.000%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1137 | 1214 | 1214 |
| &nbsp;&nbsp;&nbsp; Z9GI-4OZE, 35.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 55 | 56 |
| &nbsp;&nbsp;&nbsp; Z9GJ-US4H, 29.680%, 7/21/2027 †§x | Affirm | 2/13/2026 | 387 | 413 | 414 |
| &nbsp;&nbsp;&nbsp; Z9GM-21EJ, 11.972%, 3/08/2024 †x#^ | Affirm | 3/13/2023 | 150 | 155 | 12 |
| &nbsp;&nbsp;&nbsp; Z9GS-SNX8, 33.050%, 6/17/2027 †x# | Affirm | 6/21/2024 | 777 | 791 | 26 |
| &nbsp;&nbsp;&nbsp; Z9GX-7BUS, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 499 | 494 | 494 |
| &nbsp;&nbsp;&nbsp; Z9HB-HNKB, 35.400%, 12/24/2024 †x#^ | Affirm | 6/27/2024 | 42 | 43 | 3 |
| &nbsp;&nbsp;&nbsp; Z9HO-LYCY, 33.950%, 8/12/2026 †§x# | Affirm | 2/26/2025 | 296 | 300 | 297 |
| &nbsp;&nbsp;&nbsp; Z9HP-DWYK, 35.750%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 31 | 31 |  |
| &nbsp;&nbsp;&nbsp; Z9IA-3S2C, 35.360%, 12/17/2025 †x#^ | Affirm | 6/21/2024 | 407 | 424 | 33 |
| &nbsp;&nbsp;&nbsp; Z9IB-QBQ9, 35.390%, 1/05/2026 †x#^ | Affirm | 1/11/2024 | 649 | 652 | 52 |
| &nbsp;&nbsp;&nbsp; Z9IM-D0W9, 32.500%, 2/23/2024 †x#^ | Affirm | 8/28/2023 | 64 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; Z9IN-TNMU, 30.950%, 3/20/2026 †§x | Affirm | 3/28/2025 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; Z9IS-J9GI, 35.540%, 3/28/2025 †x#^ | Affirm | 10/03/2024 | 192 | 183 | 15 |
| &nbsp;&nbsp;&nbsp; Z9J2-0TL5, 29.480%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 207 | 213 | 210 |
| &nbsp;&nbsp;&nbsp; Z9J2-3V8F, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 67 | 68 | 68 |
| &nbsp;&nbsp;&nbsp; Z9JL-DUX5, 15.760%, 8/06/2026 †§x | Affirm | 8/29/2025 | 120 | 123 | 122 |
| &nbsp;&nbsp;&nbsp; Z9KQ-WPLO, 33.950%, 3/20/2026 †§x | Affirm | 3/28/2025 | 41 | 41 | 42 |
| &nbsp;&nbsp;&nbsp; Z9LJ-I14T, 30.950%, 6/02/2026 †§x | Affirm | 6/27/2025 | 366 | 370 | 370 |
| &nbsp;&nbsp;&nbsp; Z9LM-KB9E, 30.000%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 1238 | 1306 | 99 |
| &nbsp;&nbsp;&nbsp; Z9LY-KS86, 35.570%, 9/23/2025 †x#^ | Affirm | 9/26/2024 | 29 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; Z9M3-O2SH, 31.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 2335 | 2459 | 2485 |
| &nbsp;&nbsp;&nbsp; Z9M6-URM6, 35.540%, 12/22/2026 †x# | Affirm | 1/16/2026 | 241 | 239 | 49 |
| &nbsp;&nbsp;&nbsp; Z9NG-34ZO, 18.000%, 6/22/2026 †§x | Affirm | 1/16/2026 | 132 | 134 | 135 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6013** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Z9NM-3SU1, 29.000%, 5/26/2026 †x# | Affirm | 6/02/2023 | $2247 | $2411 | $180 |
| &nbsp;&nbsp;&nbsp; Z9NM-9TND, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 67 | 68 | 68 |
| &nbsp;&nbsp;&nbsp; Z9NT-EDR7, 33.950%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 121 | 128 | 10 |
| &nbsp;&nbsp;&nbsp; Z9NW-46AT, 32.500%, 5/20/2026 †x# | Affirm | 11/27/2024 | 2618 | 2719 | 209 |
| &nbsp;&nbsp;&nbsp; Z9NW-NQAW, 14.700%, 5/15/2026 †§x | Affirm | 11/27/2024 | 73 | 74 | 74 |
| &nbsp;&nbsp;&nbsp; Z9NX-9S0M, 33.950%, 4/21/2025 †x#^ | Affirm | 10/24/2024 | 180 | 186 | 14 |
| &nbsp;&nbsp;&nbsp; Z9NY-QKRD, 4.472%, 6/28/2023 †x#^« | Affirm | 7/05/2022 | 66 | 63 | 5 |
| &nbsp;&nbsp;&nbsp; Z9O6-IAVD, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 579 | 593 | 596 |
| &nbsp;&nbsp;&nbsp; Z9OB-T8V5, 22.820%, 2/03/2026 †x#^ | Affirm | 2/26/2025 | 42 | 43 | 4 |
| &nbsp;&nbsp;&nbsp; Z9OE-X9UU, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 252 | 257 | 259 |
| &nbsp;&nbsp;&nbsp; Z9OW-VBMM, 29.640%, 5/04/2024 †x#^ | Affirm | 11/10/2022 | 163 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; Z9PB-F1VT, 29.420%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; Z9PG-WM5T, 30.950%, 9/08/2026 †§x | Affirm | 9/26/2025 | 197 | 201 | 202 |
| &nbsp;&nbsp;&nbsp; Z9PH-MYNM, 15.900%, 5/03/2026 †x | Affirm | 3/28/2025 | 62 | 62 | 62 |
| &nbsp;&nbsp;&nbsp; Z9Q0-HCVX, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 1143 | 1170 | 1169 |
| &nbsp;&nbsp;&nbsp; Z9QN-TEHY, 28.990%, 2/28/2025 †x#^ | Affirm | 9/05/2023 | 207 | 222 | 17 |
| &nbsp;&nbsp;&nbsp; Z9QO-QNC6, 35.880%, 7/06/2025 †x#^ | Affirm | 1/29/2025 | 221 | 222 | 18 |
| &nbsp;&nbsp;&nbsp; Z9QV-NAPU, 35.520%, 7/13/2026 †§x | Affirm | 1/29/2025 | 145 | 145 | 145 |
| &nbsp;&nbsp;&nbsp; Z9RE-BW0O, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 283 | 279 | 281 |
| &nbsp;&nbsp;&nbsp; Z9RR-X6JE, 33.050%, 6/02/2026 †§x | Affirm | 6/27/2025 | 285 | 289 | 289 |
| &nbsp;&nbsp;&nbsp; Z9RU-BKC2, 18.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 52 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; Z9SR-AELE, 29.470%, 6/11/2024 †x#^ | Affirm | 12/14/2023 | 109 | 112 | 9 |
| &nbsp;&nbsp;&nbsp; Z9TA-ROAM, 13.840%, 2/12/2027 †§x | Affirm | 2/26/2025 | 651 | 672 | 675 |
| &nbsp;&nbsp;&nbsp; Z9TC-SM7C, 33.950%, 3/20/2026 †§x | Affirm | 9/26/2024 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; Z9TC-W1BS, 35.550%, 12/12/2025 †x#^ | Affirm | 9/26/2025 | 40 | 40 | 3 |
| &nbsp;&nbsp;&nbsp; Z9TJ-AFI0, 35.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 92 | 94 | 95 |
| &nbsp;&nbsp;&nbsp; Z9TJ-HLUN, 35.460%, 8/06/2026 †§x | Affirm | 8/29/2025 | 545 | 559 | 560 |
| &nbsp;&nbsp;&nbsp; Z9TK-3WUN, 33.950%, 3/03/2026 †§x | Affirm | 3/28/2025 | 83 | 83 | 83 |
| &nbsp;&nbsp;&nbsp; Z9U2-B1AP, 32.500%, 4/21/2026 †x# | Affirm | 10/24/2024 | 224 | 232 | 18 |
| &nbsp;&nbsp;&nbsp; Z9U7-B5YO, 33.050%, 4/15/2025 †x#^ | Affirm | 4/18/2024 | 303 | 318 | 24 |
| &nbsp;&nbsp;&nbsp; Z9UA-KCAL, 29.220%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 56 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; Z9UD-YAQ5, 31.557%, 6/04/2024 †x#^ | Affirm | 12/07/2023 | 121 | 124 | 10 |
| &nbsp;&nbsp;&nbsp; Z9V7-BY3L, 35.640%, 2/11/2027 †§x | Affirm | 2/26/2025 | 1242 | 1232 | 1248 |
| &nbsp;&nbsp;&nbsp; Z9VN-G1LP, 35.350%, 10/15/2025 †x#^ | Affirm | 4/18/2024 | 687 | 710 | 55 |
| &nbsp;&nbsp;&nbsp; Z9VU-WX7V, 32.960%, 3/22/2026 †§x | Affirm | 1/16/2026 | 83 | 81 | 83 |
| &nbsp;&nbsp;&nbsp; Z9VW-E8WZ, 35.620%, 8/12/2026 †§x | Affirm | 2/26/2025 | 74 | 73 | 73 |
| &nbsp;&nbsp;&nbsp; Z9W2-YBEZ, 29.510%, 10/17/2024 †x#^ | Affirm | 4/27/2023 | 133 | 137 | 11 |
| &nbsp;&nbsp;&nbsp; Z9WE-O5VI, 35.470%, 8/19/2026 †§x | Affirm | 8/22/2024 | 375 | 374 | 379 |
| &nbsp;&nbsp;&nbsp; Z9WZ-FZBU, 29.070%, 12/12/2025 †x#^ | Affirm | 12/15/2022 | 2354 | 2576 | 188 |
| &nbsp;&nbsp;&nbsp; Z9XL-K3IH, 35.500%, 10/28/2025 †x#^ | Affirm | 10/31/2024 | 163 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; Z9XW-X68Q, 13.840%, 6/02/2026 †§x | Affirm | 6/27/2025 | 83 | 84 | 84 |
| &nbsp;&nbsp;&nbsp; Z9XX-D6VB, 33.950%, 9/08/2026 †§x | Affirm | 9/26/2025 | 68 | 71 | 71 |
| &nbsp;&nbsp;&nbsp; Z9Y4-IY55, 28.260%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 82 | 79 | 80 |
| &nbsp;&nbsp;&nbsp; Z9Y7-PLZI, 15.770%, 8/16/2028 †§x# | Affirm | 8/22/2024 | 1408 | 1480 | 1469 |
| &nbsp;&nbsp;&nbsp; Z9YB-94UZ, 32.000%, 5/06/2026 †§x | Affirm | 5/30/2025 | 585 | 592 | 586 |
| &nbsp;&nbsp;&nbsp; Z9YD-5BDB, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 117 | 118 | 119 |
| &nbsp;&nbsp;&nbsp; Z9YH-1625, 35.520%, 6/24/2027 †§x | Affirm | 1/16/2026 | 1826 | 1888 | 1913 |
| &nbsp;&nbsp;&nbsp; Z9YN-NI13, 29.750%, 5/07/2023 †x#^ | Affirm | 11/10/2022 | 22 | 23 | 2 |
| &nbsp;&nbsp;&nbsp; Z9YT-1F03, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 46 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; Z9Z0-MPAR, 29.590%, 10/25/2023 †x#^ | Affirm | 10/28/2022 | 218 | 226 | 17 |
| &nbsp;&nbsp;&nbsp; Z9Z2-GXAF, 29.550%, 10/28/2025 †x#^ | Affirm | 5/02/2024 | 150 | 157 | 12 |
| &nbsp;&nbsp;&nbsp; Z9ZK-3UKZ, 35.979%, 6/04/2024 †x#^ | Affirm | 12/07/2023 | 67 | 68 | 5 |
| &nbsp;&nbsp;&nbsp; Z9ZR-7BDW, 35.300%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 84 | 84 | 84 |
| &nbsp;&nbsp;&nbsp; Z9ZZ-8O0L, 29.370%, 11/21/2024 †x#^ | Affirm | 5/24/2024 | 40 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; ZA07-0EZ0, 29.630%, 7/04/2025 †x#^ | Affirm | 10/10/2023 | 277 | 275 | 22 |
| &nbsp;&nbsp;&nbsp; ZA07-6S8Z, 29.650%, 2/20/2025 †x#^ | Affirm | 2/23/2024 | 160 | 168 | 13 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6014** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZA15-ZTYL, 32.500%, 2/15/2025 †x#^ | Affirm | 11/27/2024 | $736 | $736 | $59 |
| &nbsp;&nbsp;&nbsp; ZA1D-21TE, 35.480%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 27 | 27 | 2 |
| &nbsp;&nbsp;&nbsp; ZA1N-77F6, 29.610%, 12/22/2026 †§x | Affirm | 1/16/2026 | 177 | 183 | 184 |
| &nbsp;&nbsp;&nbsp; ZA1R-NEXZ, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 102 | 104 | 104 |
| &nbsp;&nbsp;&nbsp; ZA1U-SSL8, 33.180%, 1/22/2027 †§x | Affirm | 2/13/2026 | 230 | 229 | 229 |
| &nbsp;&nbsp;&nbsp; ZA2K-IKN3, 15.810%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 175 | 184 | 14 |
| &nbsp;&nbsp;&nbsp; ZA2U-XELI, 29.420%, 2/29/2024 †x#^ | Affirm | 9/05/2023 | 46 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZA32-G43N, 31.000%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 217 | 221 | 222 |
| &nbsp;&nbsp;&nbsp; ZA33-OOZF, 32.500%, 1/06/2027 †§x | Affirm | 1/29/2025 | 386 | 383 | 387 |
| &nbsp;&nbsp;&nbsp; ZA39-EWXR, 33.290%, 2/06/2026 †x#^ | Affirm | 2/26/2025 | 159 | 158 | 23 |
| &nbsp;&nbsp;&nbsp; ZA3H-JF3M, 29.760%, 10/03/2023 †x#^ | Affirm | 10/06/2022 | 311 | 308 | 25 |
| &nbsp;&nbsp;&nbsp; ZA3H-NXGJ, 33.050%, 1/02/2026 †x#^ | Affirm | 1/29/2025 | 94 | 98 | 7 |
| &nbsp;&nbsp;&nbsp; ZA3O-J0W7, 35.380%, 12/08/2024 †x#^ | Affirm | 8/11/2023 | 137 | 141 | 11 |
| &nbsp;&nbsp;&nbsp; ZA3W-9HE6, 21.900%, 4/08/2023 †x#^ | Affirm | 4/14/2022 | 48 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZA42-G8GE, 29.580%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 80 | 83 | 6 |
| &nbsp;&nbsp;&nbsp; ZA46-6SBU, 15.860%, 8/12/2026 †x# | Affirm | 2/26/2025 | 349 | 363 | 28 |
| &nbsp;&nbsp;&nbsp; ZA4P-17IL, 28.000%, 6/08/2023 †x#^ | Affirm | 6/13/2022 | 65 | 69 | 5 |
| &nbsp;&nbsp;&nbsp; ZA4P-SQND, 30.420%, 8/21/2024 †x#^ | Affirm | 8/24/2023 | 316 | 314 | 25 |
| &nbsp;&nbsp;&nbsp; ZA54-NLDD, 33.950%, 12/11/2025 †x#^ | Affirm | 9/26/2025 | 15 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZA5L-F4EP, 15.810%, 1/21/2028 †§x | Affirm | 2/13/2026 | 981 | 982 | 998 |
| &nbsp;&nbsp;&nbsp; ZA61-OLUD, 33.950%, 5/28/2025 †x#^ | Affirm | 5/31/2024 | 200 | 210 | 16 |
| &nbsp;&nbsp;&nbsp; ZA6B-IPWI, 15.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 49 | 50 | 51 |
| &nbsp;&nbsp;&nbsp; ZA6G-D8DL, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 85 | 85 | 85 |
| &nbsp;&nbsp;&nbsp; ZA6O-XMY3, 26.500%, 10/13/2023 †x#^ | Affirm | 10/17/2022 | 80 | 84 | 6 |
| &nbsp;&nbsp;&nbsp; ZA6W-QSQF, 19.700%, 9/26/2027 †§x# | Affirm | 9/30/2024 | 1280 | 1310 | 1309 |
| &nbsp;&nbsp;&nbsp; ZA74-WKMO, 29.970%, 11/03/2023 †x#^ | Affirm | 11/07/2022 | 177 | 185 | 14 |
| &nbsp;&nbsp;&nbsp; ZA7E-SW9Y, 35.370%, 9/13/2025 †x#^ | Affirm | 3/18/2024 | 180 | 182 | 14 |
| &nbsp;&nbsp;&nbsp; ZA7J-902L, 35.760%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 23 | 24 | 2 |
| &nbsp;&nbsp;&nbsp; ZA7L-QRCV, 35.550%, 5/11/2026 †x# | Affirm | 9/26/2025 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; ZA7W-WBBW, 29.700%, 6/06/2023 †x#^ | Affirm | 6/09/2022 | 24 | 24 | 2 |
| &nbsp;&nbsp;&nbsp; ZA80-EC7J, 13.840%, 5/15/2026 †§x | Affirm | 11/27/2024 | 256 | 258 | 258 |
| &nbsp;&nbsp;&nbsp; ZA89-J47Q, 35.610%, 7/08/2026 †§x | Affirm | 1/29/2025 | 263 | 265 | 262 |
| &nbsp;&nbsp;&nbsp; ZA8B-13IF, 28.000%, 10/24/2024 †x#^ | Affirm | 10/27/2022 | 310 | 338 | 25 |
| &nbsp;&nbsp;&nbsp; ZA8B-31IU, 35.370%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 60 | 56 | 5 |
| &nbsp;&nbsp;&nbsp; ZA8L-JB41, 33.950%, 5/13/2026 †§x | Affirm | 11/27/2024 | 75 | 75 | 74 |
| &nbsp;&nbsp;&nbsp; ZA8N-9DXS, 25.900%, 9/08/2026 †§x | Affirm | 9/26/2025 | 68 | 69 | 69 |
| &nbsp;&nbsp;&nbsp; ZA8T-PG9Z, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 777 | 773 | 784 |
| &nbsp;&nbsp;&nbsp; ZA8W-6UXX, 35.440%, 6/02/2026 †§x | Affirm | 6/27/2025 | 25 | 24 | 24 |
| &nbsp;&nbsp;&nbsp; ZA8Z-A15W, 35.580%, 2/20/2025 †x#^ | Affirm | 2/23/2024 | 327 | 336 | 26 |
| &nbsp;&nbsp;&nbsp; ZA9F-ZB3G, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 630 | 633 | 639 |
| &nbsp;&nbsp;&nbsp; ZA9R-MDUO, 35.000%, 7/02/2026 †§x | Affirm | 1/29/2025 | 114 | 113 | 112 |
| &nbsp;&nbsp;&nbsp; ZAA1-N2MZ, 35.460%, 8/06/2026 †§x# | Affirm | 8/29/2025 | 802 | 795 | 796 |
| &nbsp;&nbsp;&nbsp; ZAA5-XSUL, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 134 | 135 | 136 |
| &nbsp;&nbsp;&nbsp; ZAA6-C4G9, 14.810%, 9/24/2026 †§x | Affirm | 9/27/2024 | 374 | 363 | 370 |
| &nbsp;&nbsp;&nbsp; ZAAF-0PL8, 32.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 102 | 107 | 8 |
| &nbsp;&nbsp;&nbsp; ZAAI-NC45, 29.680%, 11/03/2023 †x#^ | Affirm | 11/07/2022 | 455 | 465 | 36 |
| &nbsp;&nbsp;&nbsp; ZAAT-OO3I, 33.050%, 1/21/2028 †§x | Affirm | 2/13/2026 | 622 | 662 | 667 |
| &nbsp;&nbsp;&nbsp; ZABE-PS8Y, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 119 | 123 | 124 |
| &nbsp;&nbsp;&nbsp; ZACE-NSTK, 29.560%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 296 | 312 | 24 |
| &nbsp;&nbsp;&nbsp; ZACH-LK4R, 35.640%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 968 | 964 | 965 |
| &nbsp;&nbsp;&nbsp; ZACO-JBV9, 33.950%, 7/21/2027 †§x | Affirm | 2/13/2026 | 446 | 476 | 476 |
| &nbsp;&nbsp;&nbsp; ZACV-H6H3, 15.720%, 8/29/2024 †x#^ | Affirm | 9/05/2023 | 48 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; ZAD4-CFSY, 29.960%, 4/22/2026 †§x | Affirm | 2/13/2026 | 57 | 58 | 58 |
| &nbsp;&nbsp;&nbsp; ZAD7-CGKN, 29.590%, 10/13/2023 †x#^ | Affirm | 10/17/2022 | 1096 | 1134 | 88 |
| &nbsp;&nbsp;&nbsp; ZADE-L20W, 33.950%, 5/15/2026 †§x | Affirm | 11/27/2024 | 66 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; ZADS-2JKW, 13.840%, 6/22/2026 †§x | Affirm | 1/16/2026 | 43 | 44 | 44 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6015** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZADS-X3QE, 33.950%, 9/08/2027 †§x | Affirm | 9/26/2025 | $359 | $380 | $386 |
| &nbsp;&nbsp;&nbsp; ZAEH-6L4M, 15.700%, 5/04/2023 †x#^ | Affirm | 5/09/2022 | 35 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZAF2-W27R, 19.700%, 4/22/2026 †§x | Affirm | 2/13/2026 | 37 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; ZAF4-PGVC, 33.950%, 7/21/2027 †§x | Affirm | 2/13/2026 | 956 | 991 | 1002 |
| &nbsp;&nbsp;&nbsp; ZAFB-9LTU, 28.000%, 11/03/2024 †x#^ | Affirm | 11/07/2022 | 305 | 322 | 24 |
| &nbsp;&nbsp;&nbsp; ZAFN-Q214, 29.960%, 4/22/2026 †§x | Affirm | 2/13/2026 | 48 | 48 | 48 |
| &nbsp;&nbsp;&nbsp; ZAG0-ZD1O, 35.360%, 10/02/2024 †x#^ | Affirm | 1/05/2024 | 48 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; ZAG2-JHEY, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 261 | 267 | 21 |
| &nbsp;&nbsp;&nbsp; ZAG4-81NI, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 362 | 358 | 358 |
| &nbsp;&nbsp;&nbsp; ZAGJ-CT9H, 35.200%, 6/20/2025 †x#^ | Affirm | 3/28/2025 | 248 | 252 | 20 |
| &nbsp;&nbsp;&nbsp; ZAGK-HTDR, 29.720%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 85 | 87 | 7 |
| &nbsp;&nbsp;&nbsp; ZAGT-O4SN, 35.360%, 12/25/2025 †x#^ | Affirm | 6/28/2024 | 272 | 267 | 22 |
| &nbsp;&nbsp;&nbsp; ZAHJ-AD1D, 15.810%, 9/08/2026 †§x | Affirm | 9/26/2025 | 1301 | 1342 | 1348 |
| &nbsp;&nbsp;&nbsp; ZAHP-380L, 29.690%, 11/25/2023 †x#^ | Affirm | 12/01/2022 | 97 | 99 | 8 |
| &nbsp;&nbsp;&nbsp; ZAHP-4TBX, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 151 | 154 | 156 |
| &nbsp;&nbsp;&nbsp; ZAI3-ERLB, 22.750%, 7/22/2026 †§x | Affirm | 2/13/2026 | 143 | 146 | 147 |
| &nbsp;&nbsp;&nbsp; ZAI9-4AJ9, 29.580%, 10/24/2026 †§x | Affirm | 10/28/2024 | 228 | 227 | 231 |
| &nbsp;&nbsp;&nbsp; ZAID-5XAZ, 35.770%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 258 | 256 | 21 |
| &nbsp;&nbsp;&nbsp; ZAIF-MR06, 35.540%, 3/08/2026 †§x | Affirm | 9/26/2025 | 151 | 151 | 150 |
| &nbsp;&nbsp;&nbsp; ZAIH-L9WU, 35.870%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 308 | 301 | 300 |
| &nbsp;&nbsp;&nbsp; ZAIL-U3PD, 30.000%, 2/16/2024 †x#^ | Affirm | 2/21/2023 | 237 | 239 | 19 |
| &nbsp;&nbsp;&nbsp; ZAIZ-7BJJ, 35.400%, 10/24/2025 †x#^ | Affirm | 10/28/2024 | 143 | 149 | 11 |
| &nbsp;&nbsp;&nbsp; ZAJ8-QWGT, 22.750%, 4/16/2025 †x#^ | Affirm | 4/19/2024 | 107 | 110 | 9 |
| &nbsp;&nbsp;&nbsp; ZAJG-WJYM, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 174 | 182 | 184 |
| &nbsp;&nbsp;&nbsp; ZAJL-VUA6, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 96 | 96 | 97 |
| &nbsp;&nbsp;&nbsp; ZAJZ-ZH6W, 29.000%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 172 | 177 | 14 |
| &nbsp;&nbsp;&nbsp; ZAK7-AEHS, 22.620%, 7/03/2025 †x#^ | Affirm | 7/07/2023 | 1427 | 1524 | 114 |
| &nbsp;&nbsp;&nbsp; ZAKD-86HU, 29.620%, 8/12/2026 †x# | Affirm | 9/26/2025 | 33 | 33 | 34 |
| &nbsp;&nbsp;&nbsp; ZAKH-32SV, 31.000%, 3/03/2026 †§x | Affirm | 3/28/2025 | 107 | 107 | 107 |
| &nbsp;&nbsp;&nbsp; ZAKQ-BPKV, 35.440%, 6/02/2026 †§x | Affirm | 6/27/2025 | 449 | 447 | 444 |
| &nbsp;&nbsp;&nbsp; ZALK-V2KI, 15.994%, 4/24/2025 †x#^« | Affirm | 10/28/2024 | 251 | 233 | 20 |
| &nbsp;&nbsp;&nbsp; ZALU-S2SV, 35.610%, 6/18/2025 †x#^ | Affirm | 12/27/2024 | 60 | 61 | 5 |
| &nbsp;&nbsp;&nbsp; ZAMD-O4IS, 35.470%, 11/22/2025 †x#^ | Affirm | 11/27/2023 | 1125 | 1130 | 90 |
| &nbsp;&nbsp;&nbsp; ZAMJ-VNT7, 35.510%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 73 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; ZAMN-IIBS, 35.340%, 5/22/2025 †x#^ | Affirm | 5/25/2023 | 1267 | 1262 | 101 |
| &nbsp;&nbsp;&nbsp; ZAMP-U4CI, 7.641%, 5/21/2023 †x#^« | Affirm | 2/24/2023 | 504 | 495 | 40 |
| &nbsp;&nbsp;&nbsp; ZAMQ-3666, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 91 | 90 | 91 |
| &nbsp;&nbsp;&nbsp; ZAMR-NJ6C, 35.260%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 106 | 109 | 8 |
| &nbsp;&nbsp;&nbsp; ZAN6-WUHU, 29.350%, 11/04/2022 †x#^ | Affirm | 5/09/2022 | 109 | 112 | 9 |
| &nbsp;&nbsp;&nbsp; ZAN7-M74X, 26.400%, 10/02/2024 †x#^ | Affirm | 10/05/2023 | 832 | 861 | 67 |
| &nbsp;&nbsp;&nbsp; ZANF-SF53, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 55 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZANH-O6WA, 26.500%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 122 | 128 | 10 |
| &nbsp;&nbsp;&nbsp; ZANU-H3UT, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 397 | 405 | 32 |
| &nbsp;&nbsp;&nbsp; ZANY-CIR9, 35.710%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 182 | 164 | 15 |
| &nbsp;&nbsp;&nbsp; ZANZ-C20H, 25.200%, 2/11/2029 †§x# | Affirm | 2/26/2025 | 1518 | 1622 | 1628 |
| &nbsp;&nbsp;&nbsp; ZAO2-PN1C, 22.700%, 6/19/2026 †§x | Affirm | 12/27/2024 | 40 | 41 | 40 |
| &nbsp;&nbsp;&nbsp; ZAOE-TAUS, 33.950%, 1/03/2027 †§x | Affirm | 1/29/2025 | 264 | 269 | 270 |
| &nbsp;&nbsp;&nbsp; ZAOS-THSK, 11.850%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 181 | 191 | 15 |
| &nbsp;&nbsp;&nbsp; ZAP5-ELRQ, 28.000%, 4/28/2023 †x#^ | Affirm | 11/03/2022 | 44 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; ZAQH-WULC, 18.000%, 5/21/2027 †x | Affirm | 5/24/2024 | 2094 | 2120 | 2126 |
| &nbsp;&nbsp;&nbsp; ZARA-I6PV, 35.380%, 7/29/2024 †x#^ | Affirm | 8/03/2023 | 85 | 80 | 7 |
| &nbsp;&nbsp;&nbsp; ZARO-VGP9, 19.700%, 3/20/2026 †§x | Affirm | 3/28/2025 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZARQ-JMFU, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 178 | 186 | 188 |
| &nbsp;&nbsp;&nbsp; ZAS8-O7YQ, 15.700%, 3/20/2026 †§x | Affirm | 3/28/2025 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; ZAS8-WEFD, 29.550%, 6/06/2025 †x#^ | Affirm | 9/11/2023 | 277 | 287 | 22 |
| &nbsp;&nbsp;&nbsp; ZAS9-N876, 32.500%, 2/11/2027 †§x# | Affirm | 2/26/2025 | 344 | 341 | 345 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6016** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZASC-ZJWO, 35.640%, 1/22/2027 †§x# | Affirm | 2/13/2026 | $103 | $103 | $103 |
| &nbsp;&nbsp;&nbsp; ZASL-DINV, 35.530%, 12/22/2026 †x | Affirm | 1/16/2026 | 259 | 266 | 269 |
| &nbsp;&nbsp;&nbsp; ZATD-J5DV, 32.500%, 8/20/2025 †x#^ | Affirm | 2/23/2024 | 217 | 222 | 17 |
| &nbsp;&nbsp;&nbsp; ZATL-OI19, 33.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 25 | 25 | 25 |
| &nbsp;&nbsp;&nbsp; ZATR-MLGJ, 33.050%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 12 | 13 | 1 |
| &nbsp;&nbsp;&nbsp; ZAU5-F0Y1, 35.350%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 349 | 349 | 349 |
| &nbsp;&nbsp;&nbsp; ZAU9-LAP9, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 150 | 158 | 158 |
| &nbsp;&nbsp;&nbsp; ZAUB-ST9R, 35.360%, 4/28/2026 †§x# | Affirm | 5/02/2024 | 61 | 62 | 61 |
| &nbsp;&nbsp;&nbsp; ZAUE-TM06, 35.660%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 177 | 183 | 184 |
| &nbsp;&nbsp;&nbsp; ZAUH-N0XF, 29.030%, 3/07/2024 †x#^ | Affirm | 9/11/2023 | 59 | 61 | 5 |
| &nbsp;&nbsp;&nbsp; ZAUP-W5O2, 33.050%, 9/20/2025 †x#^ | Affirm | 3/28/2025 | 160 | 165 | 13 |
| &nbsp;&nbsp;&nbsp; ZAVC-YQG8, 15.690%, 3/20/2026 †§x | Affirm | 3/28/2025 | 29 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; ZAVF-X51P, 35.470%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 53 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZAW6-AQY9, 35.360%, 4/15/2026 †x# | Affirm | 4/18/2024 | 662 | 674 | 53 |
| &nbsp;&nbsp;&nbsp; ZAW9-FDPN, 27.500%, 7/13/2023 †x#^ | Affirm | 7/18/2022 | 469 | 464 | 38 |
| &nbsp;&nbsp;&nbsp; ZAWK-RHLZ, 15.830%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 600 | 596 | 48 |
| &nbsp;&nbsp;&nbsp; ZAWQ-U6M6, 32.000%, 12/22/2026 †§x | Affirm | 1/16/2026 | 571 | 598 | 605 |
| &nbsp;&nbsp;&nbsp; ZAX8-V80S, 33.950%, 3/03/2026 †§x# | Affirm | 3/28/2025 | 19 | 19 | 6 |
| &nbsp;&nbsp;&nbsp; ZAXA-KDWH, 35.300%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 129 | 129 | 130 |
| &nbsp;&nbsp;&nbsp; ZAXA-UDC2, 33.000%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 32 | 32 | 5 |
| &nbsp;&nbsp;&nbsp; ZAXA-UMGE, 29.480%, 2/28/2025 †x#^ | Affirm | 8/31/2023 | 136 | 141 | 11 |
| &nbsp;&nbsp;&nbsp; ZAXN-DF3V, 28.000%, 6/28/2023 †x#^ | Affirm | 7/05/2022 | 319 | 331 | 26 |
| &nbsp;&nbsp;&nbsp; ZAXX-44PM, 33.050%, 3/20/2026 †§x | Affirm | 3/28/2025 | 243 | 243 | 244 |
| &nbsp;&nbsp;&nbsp; ZAXX-84I6, 29.630%, 12/07/2022 †x#^ | Affirm | 12/10/2021 | 24 | 25 | 2 |
| &nbsp;&nbsp;&nbsp; ZAYD-UGOA, 32.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 926 | 944 | 945 |
| &nbsp;&nbsp;&nbsp; ZAZ8-5LLM, 35.380%, 12/28/2024 †x#^ | Affirm | 1/02/2024 | 274 | 274 | 22 |
| &nbsp;&nbsp;&nbsp; ZAZF-CLWL, 29.560%, 6/17/2026 †x# | Affirm | 6/21/2024 | 369 | 386 | 29 |
| &nbsp;&nbsp;&nbsp; ZAZI-SBNE, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 355 | 363 | 366 |
| &nbsp;&nbsp;&nbsp; ZAZJ-DQ2R, 27.500%, 5/20/2023 †x#^ | Affirm | 5/26/2022 | 390 | 410 | 31 |
| &nbsp;&nbsp;&nbsp; ZAZO-PPT2, 15.890%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 133 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZB02-VXFD, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 67 | 69 | 69 |
| &nbsp;&nbsp;&nbsp; ZB04-HPE9, 29.460%, 5/17/2025 †x#^ | Affirm | 5/22/2023 | 507 | 535 | 41 |
| &nbsp;&nbsp;&nbsp; ZB0I-CUX2, 35.720%, 1/02/2025 †x#^ | Affirm | 1/05/2024 | 94 | 94 | 7 |
| &nbsp;&nbsp;&nbsp; ZB0S-U600, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 186 | 192 | 194 |
| &nbsp;&nbsp;&nbsp; ZB0V-1JY9, 35.610%, 7/14/2027 †§x | Affirm | 2/13/2026 | 973 | 917 | 932 |
| &nbsp;&nbsp;&nbsp; ZB15-IPCT, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 94 | 93 | 8 |
| &nbsp;&nbsp;&nbsp; ZB19-KT0J, 19.700%, 7/22/2026 †§x | Affirm | 2/13/2026 | 111 | 114 | 114 |
| &nbsp;&nbsp;&nbsp; ZB1A-6JN8, 30.000%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 41 | 43 |  |
| &nbsp;&nbsp;&nbsp; ZB1R-RBMB, 15.730%, 3/25/2027 †x# | Affirm | 3/31/2025 | 653 | 649 | 96 |
| &nbsp;&nbsp;&nbsp; ZB2F-OXQA, 15.810%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 34 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZB2P-Z9KV, 35.420%, 12/19/2026 †§x# | Affirm | 12/27/2024 | 302 | 302 | 305 |
| &nbsp;&nbsp;&nbsp; ZB2R-710J, 29.730%, 1/22/2027 †§x | Affirm | 2/13/2026 | 126 | 132 | 133 |
| &nbsp;&nbsp;&nbsp; ZB2X-6ZFH, 35.830%, 8/20/2024 †x#^ | Affirm | 2/23/2024 | 43 | 44 | 3 |
| &nbsp;&nbsp;&nbsp; ZB31-E83M, 29.680%, 11/23/2023 †x#^ | Affirm | 12/01/2022 | 180 | 183 | 14 |
| &nbsp;&nbsp;&nbsp; ZB3A-QY25, 22.740%, 9/24/2025 †x#^ | Affirm | 9/27/2024 | 200 | 201 | 16 |
| &nbsp;&nbsp;&nbsp; ZB3L-EWDD, 29.640%, 12/06/2023 †x#^ | Affirm | 12/10/2021 | 508 | 545 | 41 |
| &nbsp;&nbsp;&nbsp; ZB3M-D7YQ, 24.670%, 7/02/2026 †§x | Affirm | 1/29/2025 | 88 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; ZB3Q-EW6E, 35.400%, 4/10/2025 †x#^ | Affirm | 4/15/2024 | 274 | 275 | 22 |
| &nbsp;&nbsp;&nbsp; ZB3Z-LBRZ, 29.620%, 2/22/2027 †x# | Affirm | 2/27/2023 | 1414 | 1547 | 113 |
| &nbsp;&nbsp;&nbsp; ZB47-RTHJ, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 161 | 169 | 171 |
| &nbsp;&nbsp;&nbsp; ZB4I-JMAM, 29.710%, 1/09/2024 †x#^ | Affirm | 1/12/2023 | 192 | 196 | 15 |
| &nbsp;&nbsp;&nbsp; ZB4L-TX7M, 29.140%, 5/14/2024 †x#^ | Affirm | 11/17/2022 | 17 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; ZB4T-TBTQ, 24.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 2920 | 3027 | 3024 |
| &nbsp;&nbsp;&nbsp; ZB4U-L6UN, 35.810%, 1/02/2027 †§x | Affirm | 1/29/2025 | 1299 | 1287 | 1300 |
| &nbsp;&nbsp;&nbsp; ZB4Z-L5FB, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 326 | 319 | 323 |
| &nbsp;&nbsp;&nbsp; ZB50-8NSS, 24.900%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 508 | 504 | 508 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6017** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZB5D-KR7Z, 28.000%, 7/04/2024 †x#^ | Affirm | 1/09/2023 | $787 | $839 | $63 |
| &nbsp;&nbsp;&nbsp; ZB5N-0SFY, 35.500%, 7/22/2026 †§x | Affirm | 2/13/2026 | 115 | 115 | 116 |
| &nbsp;&nbsp;&nbsp; ZB5O-TDY8, 29.580%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 138 | 136 | 11 |
| &nbsp;&nbsp;&nbsp; ZB5P-3D62, 15.700%, 11/05/2024 †x#^ | Affirm | 5/11/2023 | 118 | 119 | 9 |
| &nbsp;&nbsp;&nbsp; ZB62-826M, 29.590%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 192 | 203 | 15 |
| &nbsp;&nbsp;&nbsp; ZB65-R4N2, 29.480%, 6/02/2026 †§x | Affirm | 6/27/2025 | 38 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZB6L-HUVB, 18.000%, 5/13/2026 †§x | Affirm | 11/27/2024 | 200 | 201 | 201 |
| &nbsp;&nbsp;&nbsp; ZB6M-MBE9, 6.494%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 401 | 393 | 391 |
| &nbsp;&nbsp;&nbsp; ZB7J-AWL6, 35.430%, 12/22/2026 †§x | Affirm | 1/16/2026 | 161 | 165 | 167 |
| &nbsp;&nbsp;&nbsp; ZB7T-KYKD, 35.630%, 1/22/2027 †§x | Affirm | 2/13/2026 | 153 | 161 | 161 |
| &nbsp;&nbsp;&nbsp; ZB8K-QDTC, 33.050%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 70 | 70 | 70 |
| &nbsp;&nbsp;&nbsp; ZB8L-OKRY, 15.840%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 1088 | 1122 | 1132 |
| &nbsp;&nbsp;&nbsp; ZB8Z-36IY, 29.500%, 1/02/2027 †§x | Affirm | 1/29/2025 | 1314 | 1343 | 1347 |
| &nbsp;&nbsp;&nbsp; ZB9L-8SKX, 29.570%, 1/09/2026 †x#^ | Affirm | 1/12/2024 | 111 | 117 | 4 |
| &nbsp;&nbsp;&nbsp; ZB9V-3JF6, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 130 | 133 | 133 |
| &nbsp;&nbsp;&nbsp; ZB9Z-NFFZ, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 116 | 120 | 121 |
| &nbsp;&nbsp;&nbsp; ZBA2-DJYA, 35.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 30 | 30 | 30 |
| &nbsp;&nbsp;&nbsp; ZBA5-E5QW, 22.750%, 7/22/2026 †§x | Affirm | 2/13/2026 | 49 | 50 | 50 |
| &nbsp;&nbsp;&nbsp; ZBA6-95RY, 35.670%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 10 | 10 | 1 |
| &nbsp;&nbsp;&nbsp; ZBAH-ELOY, 35.390%, 3/26/2027 †x# | Affirm | 3/31/2025 | 396 | 393 | 32 |
| &nbsp;&nbsp;&nbsp; ZBAT-SYJU, 15.760%, 12/21/2024 †x#^ | Affirm | 12/27/2022 | 423 | 446 | 34 |
| &nbsp;&nbsp;&nbsp; ZBAW-2M2V, 11.840%, 6/19/2026 †§x | Affirm | 12/27/2024 | 92 | 93 | 93 |
| &nbsp;&nbsp;&nbsp; ZBBG-MTJN, 35.610%, 7/08/2024 †x#^ | Affirm | 4/11/2024 | 140 | 142 | 11 |
| &nbsp;&nbsp;&nbsp; ZBBR-ZD6M, 15.800%, 12/02/2025 †x#^ | Affirm | 6/27/2025 | 106 | 108 | 8 |
| &nbsp;&nbsp;&nbsp; ZBC1-POUW, 35.590%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 27 | 27 | 2 |
| &nbsp;&nbsp;&nbsp; ZBC9-3CJE, 13.840%, 8/12/2026 †§x | Affirm | 2/26/2025 | 592 | 600 | 601 |
| &nbsp;&nbsp;&nbsp; ZBCA-14DX, 19.700%, 6/28/2026 †x# | Affirm | 1/29/2025 | 325 | 328 | 326 |
| &nbsp;&nbsp;&nbsp; ZBCY-SJ7M, 33.950%, 3/26/2027 †§x# | Affirm | 4/22/2025 | 1602 | 1652 | 1674 |
| &nbsp;&nbsp;&nbsp; ZBD3-K40B, 35.990%, 5/27/2025 †x#^ | Affirm | 3/28/2025 | 38 | 38 | 3 |
| &nbsp;&nbsp;&nbsp; ZBD5-G2EM, 13.840%, 1/03/2028 †§x | Affirm | 1/29/2025 | 1323 | 1354 | 1362 |
| &nbsp;&nbsp;&nbsp; ZBDE-SO3W, 33.070%, 7/02/2026 †§x | Affirm | 1/29/2025 | 106 | 105 | 104 |
| &nbsp;&nbsp;&nbsp; ZBDG-Z12F, 9.920%, 1/02/2028 †x | Affirm | 1/29/2025 | 5387 | 5511 | 5544 |
| &nbsp;&nbsp;&nbsp; ZBDK-JRXS, 22.600%, 3/22/2026 †§x | Affirm | 1/16/2026 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; ZBDR-KWXH, 29.480%, 2/07/2025 †x#^ | Affirm | 8/10/2023 | 35 | 36 | 3 |
| &nbsp;&nbsp;&nbsp; ZBDY-UD9J, 29.590%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 158 | 159 | 13 |
| &nbsp;&nbsp;&nbsp; ZBE0-JO82, 35.300%, 3/28/2027 †§x | Affirm | 3/31/2025 | 549 | 548 | 547 |
| &nbsp;&nbsp;&nbsp; ZBEG-XCYB, 22.750%, 1/02/2027 †§x | Affirm | 1/29/2025 | 1228 | 1255 | 1259 |
| &nbsp;&nbsp;&nbsp; ZBEM-H8SF, 33.500%, 8/21/2025 †x#^ | Affirm | 8/26/2024 | 24 | 25 | 2 |
| &nbsp;&nbsp;&nbsp; ZBF4-VDN4, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 420 | 422 | 426 |
| &nbsp;&nbsp;&nbsp; ZBFA-EORM, 33.050%, 6/02/2026 †§x | Affirm | 6/27/2025 | 284 | 288 | 288 |
| &nbsp;&nbsp;&nbsp; ZBFN-85T9, 29.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 47 | 48 | 48 |
| &nbsp;&nbsp;&nbsp; ZBFN-PD2X, 29.570%, 3/23/2025 †x#^ | Affirm | 9/26/2024 | 58 | 60 | 5 |
| &nbsp;&nbsp;&nbsp; ZBFX-7FAX, 22.900%, 2/07/2025 †x#^ | Affirm | 8/10/2023 | 299 | 315 | 24 |
| &nbsp;&nbsp;&nbsp; ZBG1-WH4T, 18.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 54 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZBGF-SU7P, 35.480%, 12/01/2024 †x#^ | Affirm | 12/07/2023 | 176 | 181 | 14 |
| &nbsp;&nbsp;&nbsp; ZBGL-AV1K, 35.880%, 5/28/2026 †x | Affirm | 1/29/2025 | 255 | 256 | 255 |
| &nbsp;&nbsp;&nbsp; ZBGO-TA3T, 35.480%, 8/21/2025 †x#^ | Affirm | 2/26/2024 | 52 | 54 | 4 |
| &nbsp;&nbsp;&nbsp; ZBHJ-XK03, 29.520%, 6/08/2025 †x#^ | Affirm | 12/14/2023 | 145 | 153 | 12 |
| &nbsp;&nbsp;&nbsp; ZBHO-RJF1, 13.621%, 6/18/2025 †x#^« | Affirm | 12/27/2024 | 151 | 142 | 12 |
| &nbsp;&nbsp;&nbsp; ZBHP-FWB5, 35.990%, 2/03/2026 †x#^ | Affirm | 2/26/2025 | 796 | 788 | 64 |
| &nbsp;&nbsp;&nbsp; ZBJ7-B056, 35.890%, 7/09/2025 †x#^ | Affirm | 1/29/2025 | 103 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; ZBJ9-O2F3, 25.200%, 4/22/2026 †§x | Affirm | 2/13/2026 | 1454 | 1465 | 1470 |
| &nbsp;&nbsp;&nbsp; ZBJD-Q75T, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 119 | 125 | 126 |
| &nbsp;&nbsp;&nbsp; ZBJI-693E, 35.630%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 187 | 183 | 15 |
| &nbsp;&nbsp;&nbsp; ZBJR-ECLM, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 179 | 183 | 184 |
| &nbsp;&nbsp;&nbsp; ZBJX-KUVC, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1868 | 1928 | 1949 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6018** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZBJY-ZKCP, 35.260%, 9/29/2023 †x#^ | Affirm | 4/03/2023 | $359 | $358 | $29 |
| &nbsp;&nbsp;&nbsp; ZBK5-XEQ3, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 441 | 464 | 464 |
| &nbsp;&nbsp;&nbsp; ZBKI-NDQW, 35.480%, 1/03/2025 †x#^ | Affirm | 1/08/2024 | 157 | 157 | 13 |
| &nbsp;&nbsp;&nbsp; ZBL1-1GK0, 18.000%, 7/02/2026 †§x | Affirm | 1/29/2025 | 115 | 116 | 116 |
| &nbsp;&nbsp;&nbsp; ZBL5-RCDO, 32.500%, 8/10/2026 †§x | Affirm | 2/26/2025 | 139 | 141 | 83 |
| &nbsp;&nbsp;&nbsp; ZBLB-LUK7, 35.530%, 6/24/2027 †§x | Affirm | 1/16/2026 | 99 | 97 | 99 |
| &nbsp;&nbsp;&nbsp; ZBLF-CFPX, 35.310%, 3/03/2026 †x# | Affirm | 3/28/2025 | 92 | 91 | 15 |
| &nbsp;&nbsp;&nbsp; ZBLR-JXC0, 29.620%, 11/15/2027 †§x | Affirm | 11/27/2024 | 947 | 967 | 975 |
| &nbsp;&nbsp;&nbsp; ZBMH-H729, 29.480%, 12/07/2024 †x#^ | Affirm | 12/11/2023 | 135 | 142 | 11 |
| &nbsp;&nbsp;&nbsp; ZBMO-AXM7, 35.280%, 9/28/2026 †x# | Affirm | 3/31/2025 | 457 | 479 | 37 |
| &nbsp;&nbsp;&nbsp; ZBMS-489G, 15.800%, 9/25/2026 †x# | Affirm | 9/30/2024 | 1811 | 1790 | 145 |
| &nbsp;&nbsp;&nbsp; ZBN0-OZ64, 14.042%, 11/17/2025 †x#^ | Affirm | 11/24/2023 | 542 | 569 | 43 |
| &nbsp;&nbsp;&nbsp; ZBN4-9C69, 15.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 69 | 70 | 71 |
| &nbsp;&nbsp;&nbsp; ZBN7-LC85, 23.400%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 61 | 63 | 5 |
| &nbsp;&nbsp;&nbsp; ZBNF-V2EX, 29.500%, 6/07/2024 †x#^ | Affirm | 6/15/2023 | 153 | 150 | 12 |
| &nbsp;&nbsp;&nbsp; ZBNV-7N1N, 15.790%, 6/20/2026 †x# | Affirm | 12/27/2024 | 114 | 118 | 22 |
| &nbsp;&nbsp;&nbsp; ZBO2-5RT0, 24.400%, 3/23/2026 †§x | Affirm | 9/26/2024 | 82 | 82 | 82 |
| &nbsp;&nbsp;&nbsp; ZBO2-HXXW, 26.900%, 3/20/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZBO8-0Q58, 26.900%, 3/08/2026 †§x | Affirm | 9/26/2025 | 25 | 25 | 25 |
| &nbsp;&nbsp;&nbsp; ZBP8-UX4Q, 35.410%, 4/08/2025 †x#^ | Affirm | 4/11/2024 | 1004 | 908 | 80 |
| &nbsp;&nbsp;&nbsp; ZBPL-MOED, 30.950%, 6/22/2026 †x | Affirm | 1/16/2026 | 61 | 62 | 63 |
| &nbsp;&nbsp;&nbsp; ZBPN-X7UG, 18.000%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 180 | 182 | 181 |
| &nbsp;&nbsp;&nbsp; ZBQ5-2XNF, 35.880%, 4/22/2026 †§x | Affirm | 2/13/2026 | 34 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZBQ9-M1EW, 29.710%, 1/18/2024 †x#^ | Affirm | 1/23/2023 | 913 | 931 | 73 |
| &nbsp;&nbsp;&nbsp; ZBQI-4Y3S, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 47 | 47 | 48 |
| &nbsp;&nbsp;&nbsp; ZBQO-0VJA, 35.890%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 237 | 238 | 239 |
| &nbsp;&nbsp;&nbsp; ZBRI-HS7K, 29.510%, 8/07/2025 †x#^ | Affirm | 8/10/2023 | 530 | 566 | 42 |
| &nbsp;&nbsp;&nbsp; ZBRQ-30HQ, 22.900%, 5/28/2027 †§x | Affirm | 6/02/2023 | 808 | 844 | 805 |
| &nbsp;&nbsp;&nbsp; ZBS4-BJ80, 35.170%, 9/20/2025 †x#^ | Affirm | 3/28/2025 | 155 | 159 | 12 |
| &nbsp;&nbsp;&nbsp; ZBS4-VN53, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 105 | 108 | 108 |
| &nbsp;&nbsp;&nbsp; ZBS6-AL0E, 24.400%, 10/25/2027 †§x | Affirm | 10/31/2024 | 422 | 432 | 431 |
| &nbsp;&nbsp;&nbsp; ZBS8-FRI4, 32.500%, 2/27/2026 †x#^ | Affirm | 8/30/2024 | 103 | 107 | 8 |
| &nbsp;&nbsp;&nbsp; ZBS8-QOZP, 33.180%, 1/22/2027 †§x | Affirm | 2/13/2026 | 126 | 125 | 127 |
| &nbsp;&nbsp;&nbsp; ZBSE-IZAU, 29.650%, 2/12/2029 †§x | Affirm | 2/26/2025 | 1375 | 1471 | 1476 |
| &nbsp;&nbsp;&nbsp; ZBSH-D6T8, 22.900%, 9/24/2025 †x#^ | Affirm | 9/27/2024 | 58 | 61 | 5 |
| &nbsp;&nbsp;&nbsp; ZBSK-YPBA, 35.600%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 131 | 131 | 10 |
| &nbsp;&nbsp;&nbsp; ZBST-VQQD, 35.410%, 4/03/2025 †x#^ | Affirm | 4/08/2024 | 38 | 39 | 3 |
| &nbsp;&nbsp;&nbsp; ZBSV-AVTL, 35.760%, 3/03/2026 †§x | Affirm | 3/28/2025 | 17 | 17 | 16 |
| &nbsp;&nbsp;&nbsp; ZBT2-YTBT, 31.000%, 10/28/2025 †x#^ | Affirm | 10/31/2024 | 219 | 232 | 18 |
| &nbsp;&nbsp;&nbsp; ZBT7-T5WR, 29.710%, 1/11/2024 †x#^ | Affirm | 1/17/2023 | 174 | 182 | 14 |
| &nbsp;&nbsp;&nbsp; ZBTG-BLPE, 32.880%, 5/06/2026 †§x | Affirm | 5/30/2025 | 228 | 227 | 226 |
| &nbsp;&nbsp;&nbsp; ZBTV-4KDV, 7.900%, 3/08/2026 †§x | Affirm | 9/26/2025 | 210 | 214 | 211 |
| &nbsp;&nbsp;&nbsp; ZBTW-CX5Z, 33.000%, 8/26/2026 †§x | Affirm | 8/29/2024 | 306 | 305 | 311 |
| &nbsp;&nbsp;&nbsp; ZBUG-CD0G, 18.000%, 3/22/2026 †§x | Affirm | 1/16/2026 | 62 | 62 | 62 |
| &nbsp;&nbsp;&nbsp; ZBUQ-L8VB, 29.490%, 11/06/2026 †§x | Affirm | 5/30/2025 | 171 | 176 | 175 |
| &nbsp;&nbsp;&nbsp; ZBUV-4XJZ, 35.450%, 6/18/2025 †x#^ | Affirm | 6/21/2024 | 31 | 32 | 2 |
| &nbsp;&nbsp;&nbsp; ZBUY-GEJ6, 25.200%, 10/15/2025 †x#^ | Affirm | 4/18/2024 | 44 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZBVV-227H, 35.390%, 3/06/2026 †§x | Affirm | 3/11/2024 | 36 | 36 | 36 |
| &nbsp;&nbsp;&nbsp; ZBWT-5WC7, 35.570%, 1/22/2027 †§x | Affirm | 2/13/2026 | 215 | 221 | 221 |
| &nbsp;&nbsp;&nbsp; ZBX6-C7HX, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 109 | 110 | 111 |
| &nbsp;&nbsp;&nbsp; ZBX9-BD6P, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 147 | 151 | 152 |
| &nbsp;&nbsp;&nbsp; ZBXS-DID4, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 120 | 126 | 127 |
| &nbsp;&nbsp;&nbsp; ZBY2-M691, 35.540%, 12/22/2026 †§x | Affirm | 1/16/2026 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZBYD-XT24, 35.320%, 3/22/2026 †§x | Affirm | 1/16/2026 | 21 | 20 | 21 |
| &nbsp;&nbsp;&nbsp; ZBYM-3NRH, 35.410%, 4/12/2025 †x#^ | Affirm | 4/18/2024 | 241 | 242 | 19 |
| &nbsp;&nbsp;&nbsp; ZBZS-S3CV, 35.730%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 30 | 30 | 1 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6019** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZBZT-D6Y3, 35.380%, 8/21/2024 †x#^ | Affirm | 8/24/2023 | $326 | $325 | $26 |
| &nbsp;&nbsp;&nbsp; ZC02-8UYD, 35.390%, 8/23/2026 †x# | Affirm | 8/29/2024 | 348 | 344 | 21 |
| &nbsp;&nbsp;&nbsp; ZC05-1GGK, 29.470%, 7/08/2026 †§x | Affirm | 7/31/2025 | 251 | 254 | 255 |
| &nbsp;&nbsp;&nbsp; ZC06-X6UG, 35.560%, 1/22/2027 †§x | Affirm | 2/13/2026 | 165 | 164 | 166 |
| &nbsp;&nbsp;&nbsp; ZC07-2ZW7, 15.810%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 60 | 61 | 61 |
| &nbsp;&nbsp;&nbsp; ZC0M-9TH5, 32.500%, 8/19/2026 †§x | Affirm | 8/22/2024 | 246 | 245 | 249 |
| &nbsp;&nbsp;&nbsp; ZC1E-PLRA, 35.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 32 | 33 | 33 |
| &nbsp;&nbsp;&nbsp; ZC1P-1Z6S, 25.900%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 117 | 121 | 121 |
| &nbsp;&nbsp;&nbsp; ZC1Z-BXZ4, 29.580%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 48 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZC24-8G6M, 27.100%, 11/18/2024 †x#^ | Affirm | 11/25/2022 | 632 | 682 | 51 |
| &nbsp;&nbsp;&nbsp; ZC2O-2ODZ, 29.560%, 4/14/2024 †x#^ | Affirm | 10/20/2022 | 30 | 31 | 2 |
| &nbsp;&nbsp;&nbsp; ZC2R-S6RN, 23.400%, 7/02/2026 †§x | Affirm | 1/29/2025 | 118 | 120 | 119 |
| &nbsp;&nbsp;&nbsp; ZC30-6Z1C, 13.840%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1296 | 1359 | 1372 |
| &nbsp;&nbsp;&nbsp; ZC34-OP6X, 35.880%, 7/14/2026 †§x | Affirm | 2/13/2026 | 391 | 368 | 368 |
| &nbsp;&nbsp;&nbsp; ZC3C-DEYZ, 15.750%, 10/04/2025 †x#^ | Affirm | 4/08/2024 | 250 | 263 | 20 |
| &nbsp;&nbsp;&nbsp; ZC3E-HLUW, 29.500%, 12/26/2024 †x#^ | Affirm | 6/29/2023 | 98 | 95 | 8 |
| &nbsp;&nbsp;&nbsp; ZC3F-F8MB, 15.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 46 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZC3I-H952, 35.350%, 3/22/2026 †§x# | Affirm | 1/16/2026 | 54 | 54 | 55 |
| &nbsp;&nbsp;&nbsp; ZC3J-S97X, 33.050%, 5/06/2026 †§x | Affirm | 5/30/2025 | 67 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; ZC40-Y57X, 29.880%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 72 | 74 | 74 |
| &nbsp;&nbsp;&nbsp; ZC49-KP3V, 35.820%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 13 | 13 | 1 |
| &nbsp;&nbsp;&nbsp; ZC4S-34PG, 35.470%, 9/28/2026 †x# | Affirm | 10/02/2023 | 2027 | 1980 | 162 |
| &nbsp;&nbsp;&nbsp; ZC51-9H8K, 18.500%, 12/04/2026 †§x | Affirm | 12/07/2023 | 211 | 214 | 212 |
| &nbsp;&nbsp;&nbsp; ZC5J-CIXV, 32.500%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 301 | 313 | 24 |
| &nbsp;&nbsp;&nbsp; ZC5W-LNX8, 22.800%, 5/02/2024 †x#^ | Affirm | 11/10/2022 | 138 | 139 | 11 |
| &nbsp;&nbsp;&nbsp; ZC5Y-QCJ3, 15.770%, 12/19/2024 †x#^ | Affirm | 12/22/2022 | 341 | 360 | 27 |
| &nbsp;&nbsp;&nbsp; ZC67-GED3, 35.450%, 2/26/2026 †x#^ | Affirm | 8/29/2024 | 337 | 330 | 27 |
| &nbsp;&nbsp;&nbsp; ZC67-X4B9, 29.550%, 5/02/2023 †x#^ | Affirm | 5/05/2022 | 176 | 185 | 14 |
| &nbsp;&nbsp;&nbsp; ZC6D-RFIG, 34.000%, 12/17/2027 †§x# | Affirm | 1/16/2026 | 876 | 805 | 816 |
| &nbsp;&nbsp;&nbsp; ZC6I-JLZM, 35.480%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 65 | 65 | 5 |
| &nbsp;&nbsp;&nbsp; ZC6M-U2ZL, 15.850%, 1/22/2027 †§x | Affirm | 2/13/2026 | 230 | 238 | 240 |
| &nbsp;&nbsp;&nbsp; ZC6S-3J4F, 29.260%, 1/03/2024 †x#^ | Affirm | 7/07/2023 | 34 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZC74-B6V0, 33.950%, 6/07/2024 †x#^ | Affirm | 12/11/2023 | 16 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; ZC78-TR1V, 29.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 93 | 94 | 95 |
| &nbsp;&nbsp;&nbsp; ZC7D-KM1W, 35.520%, 12/22/2026 †§x | Affirm | 1/16/2026 | 59 | 61 | 61 |
| &nbsp;&nbsp;&nbsp; ZC7P-ILRF, 13.840%, 8/10/2026 †§x | Affirm | 2/26/2025 | 239 | 243 | 243 |
| &nbsp;&nbsp;&nbsp; ZC7Z-JLRG, 33.730%, 2/23/2025 †x#^ | Affirm | 8/29/2024 | 612 | 631 | 49 |
| &nbsp;&nbsp;&nbsp; ZC8O-5WM7, 31.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 221 | 226 | 227 |
| &nbsp;&nbsp;&nbsp; ZC8S-4HH9, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZC8V-QAVH, 35.580%, 2/23/2025 †x#^ | Affirm | 2/29/2024 | 64 | 59 | 5 |
| &nbsp;&nbsp;&nbsp; ZC93-SQO2, 29.640%, 5/07/2024 †x#^ | Affirm | 11/10/2022 | 119 | 119 | 10 |
| &nbsp;&nbsp;&nbsp; ZC94-OVG6, 15.780%, 10/23/2026 †x# | Affirm | 10/28/2024 | 719 | 710 | 57 |
| &nbsp;&nbsp;&nbsp; ZC9L-MKZR, 15.840%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 101 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; ZCAI-0INW, 24.680%, 6/22/2026 †§x | Affirm | 1/16/2026 | 65 | 66 | 67 |
| &nbsp;&nbsp;&nbsp; ZCAZ-6EKL, 23.400%, 6/02/2026 †§x | Affirm | 6/27/2025 | 119 | 120 | 120 |
| &nbsp;&nbsp;&nbsp; ZCB2-G68U, 29.700%, 4/03/2024 †x#^ | Affirm | 10/06/2022 | 280 | 293 | 22 |
| &nbsp;&nbsp;&nbsp; ZCB9-61PK, 33.050%, 3/22/2026 †§x | Affirm | 1/16/2026 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; ZCBG-JGIX, 33.950%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 120 | 126 | 10 |
| &nbsp;&nbsp;&nbsp; ZCBL-KUZ2, 17.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 97 | 102 | 103 |
| &nbsp;&nbsp;&nbsp; ZCBT-ATI2, 35.450%, 9/23/2026 †x# | Affirm | 9/26/2024 | 775 | 766 | 62 |
| &nbsp;&nbsp;&nbsp; ZCC0-53D0, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | 60 | 61 | 61 |
| &nbsp;&nbsp;&nbsp; ZCC9-DR3P, 35.540%, 12/22/2026 †§x | Affirm | 1/16/2026 | 124 | 123 | 126 |
| &nbsp;&nbsp;&nbsp; ZCCH-N0RS, 35.570%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 75 | 75 | 75 |
| &nbsp;&nbsp;&nbsp; ZCCI-G9Y7, 25.200%, 1/22/2027 †§x | Affirm | 2/13/2026 | 113 | 119 | 119 |
| &nbsp;&nbsp;&nbsp; ZCCP-S8V4, 32.500%, 6/17/2026 †§x | Affirm | 6/21/2024 | 593 | 591 | 596 |
| &nbsp;&nbsp;&nbsp; ZCD5-MTR6, 35.330%, 5/20/2025 †x#^ | Affirm | 5/24/2024 | 1771 | 1825 | 142 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6020** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZCDH-T5IE, 15.870%, 9/03/2026 †§x | Affirm | 3/28/2025 | $600 | $608 | $599 |
| &nbsp;&nbsp;&nbsp; ZCDU-ETSO, 29.600%, 1/03/2027 †§x | Affirm | 1/29/2025 | 347 | 354 | 356 |
| &nbsp;&nbsp;&nbsp; ZCE4-6QI7, 28.000%, 4/14/2023 †x#^ | Affirm | 4/18/2022 | 109 | 114 | 9 |
| &nbsp;&nbsp;&nbsp; ZCEA-0XAK, 18.000%, 3/22/2026 †§x | Affirm | 1/16/2026 | 57 | 57 | 57 |
| &nbsp;&nbsp;&nbsp; ZCF0-E476, 19.700%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 131 | 132 | 132 |
| &nbsp;&nbsp;&nbsp; ZCF1-I42L, 35.650%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 108 | 106 | 15 |
| &nbsp;&nbsp;&nbsp; ZCF9-G7OC, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 133 | 135 | 136 |
| &nbsp;&nbsp;&nbsp; ZCFS-980R, 15.750%, 7/25/2027 †§x# | Affirm | 7/29/2024 | 683 | 667 | 667 |
| &nbsp;&nbsp;&nbsp; ZCG9-XGBN, 24.400%, 6/17/2026 †§x | Affirm | 6/21/2024 | 119 | 120 | 120 |
| &nbsp;&nbsp;&nbsp; ZCGI-1IGJ, 35.620%, 6/02/2026 †§x | Affirm | 6/27/2025 | 103 | 104 | 103 |
| &nbsp;&nbsp;&nbsp; ZCGI-P3UQ, 29.920%, 7/02/2026 †§x | Affirm | 1/29/2025 | 88 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; ZCGR-FUXH, 35.330%, 5/08/2025 †x#^ | Affirm | 5/13/2024 | 340 | 342 | 27 |
| &nbsp;&nbsp;&nbsp; ZCGT-34KA, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 581 | 611 | 612 |
| &nbsp;&nbsp;&nbsp; ZCGY-EZZG, 35.950%, 2/03/2026 †x#^ | Affirm | 2/26/2025 | 86 | 88 | 7 |
| &nbsp;&nbsp;&nbsp; ZCGY-JZJ1, 30.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 2224 | 2306 | 2301 |
| &nbsp;&nbsp;&nbsp; ZCHC-RRU5, 29.430%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZCHI-BLPH, 18.000%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 387 | 394 | 397 |
| &nbsp;&nbsp;&nbsp; ZCIB-X155, 18.000%, 4/28/2026 †§x# | Affirm | 5/03/2024 | 265 | 266 | 265 |
| &nbsp;&nbsp;&nbsp; ZCJ8-DBJE, 33.950%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 417 | 433 | 432 |
| &nbsp;&nbsp;&nbsp; ZCJA-D7ND, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 282 | 280 | 281 |
| &nbsp;&nbsp;&nbsp; ZCJR-OW9P, 33.050%, 5/20/2026 †§x | Affirm | 11/27/2024 | 53 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZCJS-MW1D, 35.560%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 277 | 285 | 22 |
| &nbsp;&nbsp;&nbsp; ZCK3-VKD0, 25.200%, 9/23/2026 †§x | Affirm | 9/26/2024 | 177 | 180 | 180 |
| &nbsp;&nbsp;&nbsp; ZCK8-EUDT, 35.290%, 3/06/2026 †x | Affirm | 8/29/2025 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZCL7-BGF5, 35.500%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 385 | 401 | 31 |
| &nbsp;&nbsp;&nbsp; ZCLT-9XOO, 11.980%, 4/22/2026 †§x | Affirm | 2/13/2026 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZCLV-RLGB, 11.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 287 | 292 | 295 |
| &nbsp;&nbsp;&nbsp; ZCM2-0LNR, 35.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 364 | 357 | 365 |
| &nbsp;&nbsp;&nbsp; ZCMN-0KO0, 15.830%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 282 | 286 | 289 |
| &nbsp;&nbsp;&nbsp; ZCMX-CCAP, 35.600%, 2/10/2028 †x | Affirm | 2/26/2025 | 1876 | 1867 | 1894 |
| &nbsp;&nbsp;&nbsp; ZCN1-DLG7, 11.860%, 4/02/2025 †x#^ | Affirm | 10/05/2023 | 146 | 155 | 12 |
| &nbsp;&nbsp;&nbsp; ZCN7-XYIK, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 120 | 123 | 123 |
| &nbsp;&nbsp;&nbsp; ZCNB-8JY0, 6.356%, 3/19/2026 †§x« | Affirm | 3/28/2025 | 46 | 44 | 46 |
| &nbsp;&nbsp;&nbsp; ZCNG-IMVX, 35.470%, 9/29/2024 †x#^ | Affirm | 10/05/2023 | 198 | 188 | 16 |
| &nbsp;&nbsp;&nbsp; ZCNL-44OE, 30.950%, 5/13/2026 †§x | Affirm | 11/27/2024 | 218 | 219 | 219 |
| &nbsp;&nbsp;&nbsp; ZCNV-N93J, 28.000%, 3/16/2024 †x#^ | Affirm | 9/22/2022 | 2320 | 2483 | 186 |
| &nbsp;&nbsp;&nbsp; ZCO5-74DK, 26.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 274 | 289 | 289 |
| &nbsp;&nbsp;&nbsp; ZCP5-F82Z, 29.510%, 8/28/2025 †x#^ | Affirm | 9/05/2023 | 338 | 342 | 27 |
| &nbsp;&nbsp;&nbsp; ZCP8-REUL, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 579 | 609 | 616 |
| &nbsp;&nbsp;&nbsp; ZCPE-A13W, 32.890%, 12/21/2024 †x#^ | Affirm | 6/27/2024 | 37 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZCPS-3PXI, 35.490%, 5/15/2026 †§x | Affirm | 11/27/2024 | 69 | 69 | 68 |
| &nbsp;&nbsp;&nbsp; ZCPT-4BPD, 35.470%, 8/16/2025 †x#^ | Affirm | 8/22/2024 | 176 | 178 | 14 |
| &nbsp;&nbsp;&nbsp; ZCPV-4SWO, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 58 | 59 | 5 |
| &nbsp;&nbsp;&nbsp; ZCQ1-I72G, 35.770%, 3/03/2026 †§x | Affirm | 3/28/2025 | 44 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; ZCQI-OIKS, 15.780%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 49 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZCQR-LP15, 29.070%, 9/28/2025 †x#^ | Affirm | 10/05/2023 | 459 | 465 | 37 |
| &nbsp;&nbsp;&nbsp; ZCQU-9W0E, 23.400%, 6/22/2026 †§x | Affirm | 1/16/2026 | 171 | 174 | 176 |
| &nbsp;&nbsp;&nbsp; ZCS7-YOJ9, 35.410%, 4/28/2025 †x#^ | Affirm | 5/02/2024 | 279 | 289 | 22 |
| &nbsp;&nbsp;&nbsp; ZCS9-CNXQ, 15.750%, 5/23/2027 †x | Affirm | 5/28/2024 | 2748 | 2782 | 2791 |
| &nbsp;&nbsp;&nbsp; ZCSV-TJMS, 24.400%, 3/14/2027 †§x | Affirm | 3/18/2024 | 803 | 813 | 810 |
| &nbsp;&nbsp;&nbsp; ZCSY-T0PN, 29.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 69 | 71 | 71 |
| &nbsp;&nbsp;&nbsp; ZCT2-2RE6, 15.850%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 113 | 113 | 113 |
| &nbsp;&nbsp;&nbsp; ZCTL-28MR, 6.565%, 6/21/2026 †§x« | Affirm | 6/27/2024 | 127 | 125 | 123 |
| &nbsp;&nbsp;&nbsp; ZCTM-Y5TS, 29.650%, 8/23/2025 †x#^ | Affirm | 2/29/2024 | 464 | 488 | 37 |
| &nbsp;&nbsp;&nbsp; ZCTP-7B43, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 31 | 32 | 32 |
| &nbsp;&nbsp;&nbsp; ZCU1-2H07, 28.500%, 7/08/2023 †x#^ | Affirm | 7/14/2022 | 312 | 308 | 25 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6021** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZCU3-IBUR, 32.500%, 1/22/2027 †§x | Affirm | 2/13/2026 | $799 | $824 | $825 |
| &nbsp;&nbsp;&nbsp; ZCU7-ZFV3, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 579 | 592 | 597 |
| &nbsp;&nbsp;&nbsp; ZCUP-DVF6, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 83 | 85 | 85 |
| &nbsp;&nbsp;&nbsp; ZCV2-YDS7, 35.650%, 1/22/2027 †x | Affirm | 2/13/2026 | 131 | 131 | 131 |
| &nbsp;&nbsp;&nbsp; ZCV3-C2CO, 33.950%, 3/24/2026 †§x | Affirm | 9/27/2024 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; ZCV7-1IX4, 35.990%, 5/05/2025 †x#^ | Affirm | 2/26/2025 | 57 | 57 | 5 |
| &nbsp;&nbsp;&nbsp; ZCV7-D83C, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 108 | 111 | 111 |
| &nbsp;&nbsp;&nbsp; ZCWH-OEI7, 18.000%, 9/23/2027 †§x | Affirm | 9/26/2024 | 703 | 719 | 723 |
| &nbsp;&nbsp;&nbsp; ZCWQ-XEBK, 15.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 200 | 204 | 206 |
| &nbsp;&nbsp;&nbsp; ZCXF-3DFN, 35.540%, 6/22/2026 †§x | Affirm | 1/16/2026 | 50 | 50 | 51 |
| &nbsp;&nbsp;&nbsp; ZCXF-HZ5B, 33.050%, 5/21/2028 †§x | Affirm | 5/24/2024 | 1595 | 1678 | 1657 |
| &nbsp;&nbsp;&nbsp; ZCXL-5PQT, 35.570%, 6/22/2026 †§x | Affirm | 1/16/2026 | 77 | 77 | 78 |
| &nbsp;&nbsp;&nbsp; ZCYN-5Z7S, 35.920%, 4/22/2026 †§x | Affirm | 2/13/2026 | 68 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; ZCYQ-OF5T, 33.950%, 11/20/2027 †§x | Affirm | 11/27/2024 | 784 | 802 | 810 |
| &nbsp;&nbsp;&nbsp; ZCYS-WN3D, 29.030%, 6/13/2026 †x# | Affirm | 6/16/2023 | 369 | 396 | 31 |
| &nbsp;&nbsp;&nbsp; ZCYU-VP5Z, 33.950%, 12/25/2025 †x#^ | Affirm | 6/28/2024 | 64 | 68 | 5 |
| &nbsp;&nbsp;&nbsp; ZCZ5-C32K, 7.680%, 5/28/2026 †§x« | Affirm | 6/27/2025 | 76 | 75 | 75 |
| &nbsp;&nbsp;&nbsp; ZCZ6-YVCF, 24.710%, 1/21/2028 †§x | Affirm | 2/13/2026 | 1800 | 1801 | 1830 |
| &nbsp;&nbsp;&nbsp; ZCZ7-BC7Q, 33.950%, 3/20/2026 †§x | Affirm | 3/28/2025 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZD0J-2Q85, 9.840%, 8/07/2026 †§x | Affirm | 8/10/2023 | 275 | 279 | 277 |
| &nbsp;&nbsp;&nbsp; ZD0U-BA4Y, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 260 | 265 | 265 |
| &nbsp;&nbsp;&nbsp; ZD13-4D2K, 35.520%, 6/20/2026 †§x | Affirm | 12/27/2024 | 479 | 483 | 480 |
| &nbsp;&nbsp;&nbsp; ZD16-CIBE, 35.630%, 1/22/2027 †§x | Affirm | 2/13/2026 | 123 | 122 | 124 |
| &nbsp;&nbsp;&nbsp; ZD1Y-CKDV, 35.670%, 1/14/2027 †§x | Affirm | 2/13/2026 | 76 | 68 | 69 |
| &nbsp;&nbsp;&nbsp; ZD2F-Z1A8, 22.900%, 1/06/2028 †x | Affirm | 1/29/2025 | 5009 | 5100 | 5151 |
| &nbsp;&nbsp;&nbsp; ZD2L-WNBC, 29.000%, 6/28/2023 †x#^ | Affirm | 7/05/2022 | 229 | 227 | 18 |
| &nbsp;&nbsp;&nbsp; ZD36-UN47, 35.380%, 6/12/2024 †x#^ | Affirm | 6/15/2023 | 856 | 871 | 68 |
| &nbsp;&nbsp;&nbsp; ZD3G-81LM, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 56 | 57 | 58 |
| &nbsp;&nbsp;&nbsp; ZD3I-FQIN, 30.950%, 3/11/2026 †§x | Affirm | 9/26/2025 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; ZD3I-J1D4, 29.540%, 6/09/2023 †x#^ | Affirm | 6/13/2022 | 111 | 110 | 9 |
| &nbsp;&nbsp;&nbsp; ZD3X-4Y2I, 24.520%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZD42-ONYL, 22.750%, 6/20/2026 †x# | Affirm | 12/27/2024 | 434 | 453 | 35 |
| &nbsp;&nbsp;&nbsp; ZD48-6HXG, 21.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 394 | 408 | 408 |
| &nbsp;&nbsp;&nbsp; ZD5C-RVWK, 15.820%, 6/22/2026 †§x | Affirm | 1/16/2026 | 238 | 242 | 244 |
| &nbsp;&nbsp;&nbsp; ZD5N-687O, 35.000%, 3/20/2026 †§x | Affirm | 3/28/2025 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; ZD5O-17FO, 35.220%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 241 | 241 | 243 |
| &nbsp;&nbsp;&nbsp; ZD5R-YC3H, 35.520%, 6/24/2027 †§x | Affirm | 1/16/2026 | 255 | 272 | 275 |
| &nbsp;&nbsp;&nbsp; ZD5V-NOYU, 15.740%, 5/08/2027 †§x | Affirm | 5/11/2023 | 778 | 808 | 764 |
| &nbsp;&nbsp;&nbsp; ZD6W-VTJZ, 29.450%, 9/03/2023 †x#^ | Affirm | 3/09/2023 | 58 | 59 | 5 |
| &nbsp;&nbsp;&nbsp; ZD79-WTSJ, 35.290%, 5/26/2024 †x#^ | Affirm | 6/02/2023 | 1364 | 1270 | 109 |
| &nbsp;&nbsp;&nbsp; ZD7P-7E93, 35.540%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 180 | 176 | 14 |
| &nbsp;&nbsp;&nbsp; ZD7P-L359, 35.140%, 2/02/2024 †x#^ | Affirm | 8/07/2023 | 3980 | 4086 | 318 |
| &nbsp;&nbsp;&nbsp; ZD83-A1F7, 29.110%, 12/09/2023 †x#^ | Affirm | 12/13/2021 | 276 | 298 | 22 |
| &nbsp;&nbsp;&nbsp; ZD8I-HJ4B, 29.450%, 5/28/2023 †x#^ | Affirm | 6/03/2022 | 112 | 117 | 9 |
| &nbsp;&nbsp;&nbsp; ZD8K-3DAU, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 459 | 470 | 470 |
| &nbsp;&nbsp;&nbsp; ZD8N-UW0J, 32.000%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 46 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZD8U-EDAX, 15.840%, 2/27/2026 †x#^ | Affirm | 3/28/2025 | 320 | 315 | 26 |
| &nbsp;&nbsp;&nbsp; ZD98-TCYA, 35.840%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 50 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZD9J-2WQQ, 32.500%, 1/09/2026 †x#^ | Affirm | 1/29/2025 | 22 | 22 | 2 |
| &nbsp;&nbsp;&nbsp; ZDAS-03PO, 21.900%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 73 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZDB1-F7TV, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 551 | 541 | 44 |
| &nbsp;&nbsp;&nbsp; ZDB9-3JI5, 35.890%, 7/12/2023 †x#^ | Affirm | 1/17/2023 | 114 | 116 | 9 |
| &nbsp;&nbsp;&nbsp; ZDBB-VWD3, 35.460%, 8/21/2025 †x#^ | Affirm | 8/29/2024 | 540 | 494 | 43 |
| &nbsp;&nbsp;&nbsp; ZDBM-S3XA, 35.540%, 3/08/2027 †x# | Affirm | 9/26/2025 | 1041 | 1080 | 30 |
| &nbsp;&nbsp;&nbsp; ZDBN-RQ5F, 28.500%, 11/14/2023 †x#^ | Affirm | 11/17/2022 | 1925 | 2013 | 154 |
| &nbsp;&nbsp;&nbsp; ZDC4-KIOR, 29.620%, 12/28/2022 †x#^ | Affirm | 1/03/2022 | 13 | 14 | 1 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6022** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZDC5-85PI, 32.900%, 5/06/2026 †§x | Affirm | 5/30/2025 | $31 | $31 | $31 |
| &nbsp;&nbsp;&nbsp; ZDCC-O635, 29.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 62 | 64 | 64 |
| &nbsp;&nbsp;&nbsp; ZDCL-V2QC, 35.610%, 8/10/2026 †x# | Affirm | 2/26/2025 | 155 | 161 | 12 |
| &nbsp;&nbsp;&nbsp; ZDCQ-0AWG, 23.400%, 9/08/2026 †§x | Affirm | 9/26/2025 | 166 | 170 | 171 |
| &nbsp;&nbsp;&nbsp; ZDCY-P2QQ, 35.630%, 12/01/2024 †x#^ | Affirm | 12/07/2023 | 442 | 442 | 35 |
| &nbsp;&nbsp;&nbsp; ZDCY-SZKX, 35.790%, 7/22/2026 †§x | Affirm | 2/13/2026 | 142 | 144 | 144 |
| &nbsp;&nbsp;&nbsp; ZDD2-ZD2N, 35.480%, 6/22/2026 †§x | Affirm | 1/16/2026 | 126 | 128 | 129 |
| &nbsp;&nbsp;&nbsp; ZDD9-5OU4, 31.500%, 5/06/2026 †§x | Affirm | 5/30/2025 | 140 | 139 | 138 |
| &nbsp;&nbsp;&nbsp; ZDDC-L18B, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 837 | 816 | 813 |
| &nbsp;&nbsp;&nbsp; ZDDE-X5DL, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 333 | 342 | 343 |
| &nbsp;&nbsp;&nbsp; ZDDN-7CLF, 15.820%, 2/11/2028 †§x | Affirm | 2/26/2025 | 792 | 821 | 828 |
| &nbsp;&nbsp;&nbsp; ZDDR-EHPM, 35.420%, 4/28/2025 †x#^ | Affirm | 5/02/2024 | 258 | 259 | 21 |
| &nbsp;&nbsp;&nbsp; ZDER-SUL1, 21.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 221 | 226 | 228 |
| &nbsp;&nbsp;&nbsp; ZDET-PJK8, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 122 | 126 | 127 |
| &nbsp;&nbsp;&nbsp; ZDEZ-JCWO, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 161 | 167 | 167 |
| &nbsp;&nbsp;&nbsp; ZDF2-B2S9, 35.330%, 5/17/2025 †x#^ | Affirm | 5/24/2024 | 99 | 100 | 8 |
| &nbsp;&nbsp;&nbsp; ZDF7-73ZW, 29.600%, 12/13/2023 †x#^ | Affirm | 12/16/2021 | 262 | 283 | 21 |
| &nbsp;&nbsp;&nbsp; ZDFH-QDRK, 35.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 76 | 76 | 77 |
| &nbsp;&nbsp;&nbsp; ZDFX-YNLS, 35.560%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 14 | 14 | 1 |
| &nbsp;&nbsp;&nbsp; ZDG5-8C26, 24.400%, 4/15/2026 †§x | Affirm | 4/18/2024 | 68 | 68 | 68 |
| &nbsp;&nbsp;&nbsp; ZDGB-ZT27, 35.370%, 2/08/2025 †x#^ | Affirm | 8/11/2023 | 368 | 365 | 29 |
| &nbsp;&nbsp;&nbsp; ZDGN-NPE3, 31.000%, 4/21/2026 †§x | Affirm | 10/24/2024 | 942 | 948 | 948 |
| &nbsp;&nbsp;&nbsp; ZDGV-C80O, 35.300%, 3/20/2026 †§x | Affirm | 3/28/2025 | 40 | 40 | 40 |
| &nbsp;&nbsp;&nbsp; ZDGX-TAVA, 29.860%, 10/03/2023 †x#^ | Affirm | 10/06/2022 | 414 | 409 | 33 |
| &nbsp;&nbsp;&nbsp; ZDGY-EK46, 33.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 287 | 291 | 293 |
| &nbsp;&nbsp;&nbsp; ZDH3-RQEE, 29.620%, 1/22/2027 †§x | Affirm | 2/13/2026 | 303 | 314 | 316 |
| &nbsp;&nbsp;&nbsp; ZDH6-JOGQ, 27.700%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1047 | 1098 | 1096 |
| &nbsp;&nbsp;&nbsp; ZDHL-94XO, 32.000%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 497 | 506 | 508 |
| &nbsp;&nbsp;&nbsp; ZDHU-6UC2, 33.950%, 2/06/2026 †x#^ | Affirm | 2/26/2025 | 106 | 112 | 8 |
| &nbsp;&nbsp;&nbsp; ZDHZ-X1RS, 22.850%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 659 | 682 | 53 |
| &nbsp;&nbsp;&nbsp; ZDIC-230D, 29.760%, 8/07/2026 †§x | Affirm | 2/26/2025 | 188 | 191 | 191 |
| &nbsp;&nbsp;&nbsp; ZDIH-30L3, 29.590%, 10/26/2023 †x#^ | Affirm | 11/03/2022 | 14 | 14 | 1 |
| &nbsp;&nbsp;&nbsp; ZDIJ-46S6, 32.000%, 3/03/2026 †§x | Affirm | 3/28/2025 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; ZDIT-4NMU, 29.650%, 9/08/2026 †§x | Affirm | 9/26/2025 | 370 | 382 | 384 |
| &nbsp;&nbsp;&nbsp; ZDJ2-GQXT, 33.000%, 9/26/2026 †§x# | Affirm | 9/30/2024 | 442 | 439 | 441 |
| &nbsp;&nbsp;&nbsp; ZDJL-BDY8, 29.750%, 5/04/2023 †x#^ | Affirm | 11/10/2022 | 343 | 351 | 27 |
| &nbsp;&nbsp;&nbsp; ZDJP-8KVR, 29.610%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 81 | 83 | 6 |
| &nbsp;&nbsp;&nbsp; ZDJT-U3Z6, 11.840%, 11/14/2024 †x#^ | Affirm | 11/17/2022 | 649 | 685 | 52 |
| &nbsp;&nbsp;&nbsp; ZDJU-V1W1, 33.950%, 3/08/2027 †§x | Affirm | 9/26/2025 | 791 | 831 | 830 |
| &nbsp;&nbsp;&nbsp; ZDJV-MMV0, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 178 | 184 | 185 |
| &nbsp;&nbsp;&nbsp; ZDK4-6Z5Q, 29.600%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 67 | 68 | 67 |
| &nbsp;&nbsp;&nbsp; ZDKG-QB45, 35.620%, 7/13/2026 †§x# | Affirm | 1/29/2025 | 193 | 194 | 192 |
| &nbsp;&nbsp;&nbsp; ZDKN-JI6N, 29.710%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 83 | 85 | 7 |
| &nbsp;&nbsp;&nbsp; ZDL6-PVFO, 11.780%, 11/09/2024 †x#^ | Affirm | 5/12/2023 | 52 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZDLD-BM1A, 35.590%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 88 | 88 | 7 |
| &nbsp;&nbsp;&nbsp; ZDLH-ZCT8, 31.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 476 | 497 | 38 |
| &nbsp;&nbsp;&nbsp; ZDMA-LVKU, 35.460%, 6/17/2026 †§x# | Affirm | 6/21/2024 | 291 | 290 | 292 |
| &nbsp;&nbsp;&nbsp; ZDNC-7BWG, 35.770%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 518 | 513 | 41 |
| &nbsp;&nbsp;&nbsp; ZDOM-Z5W2, 33.950%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 134 | 140 | 11 |
| &nbsp;&nbsp;&nbsp; ZDPO-PJ6W, 35.450%, 6/16/2025 †x#^ | Affirm | 12/27/2024 | 41 | 42 | 3 |
| &nbsp;&nbsp;&nbsp; ZDPO-R66K, 29.620%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 265 | 273 | 21 |
| &nbsp;&nbsp;&nbsp; ZDPV-NTCV, 35.460%, 1/08/2025 †x#^ | Affirm | 1/11/2024 | 178 | 183 | 14 |
| &nbsp;&nbsp;&nbsp; ZDQ1-P9ES, 29.610%, 6/24/2027 †§x | Affirm | 1/16/2026 | 885 | 942 | 958 |
| &nbsp;&nbsp;&nbsp; ZDQD-G89L, 35.710%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 67 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; ZDQL-TQ3K, 26.900%, 3/03/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZDQV-14RG, 29.710%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 152 | 160 | 161 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6023** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZDQX-3116, 33.950%, 3/20/2026 †§x | Affirm | 3/28/2025 | $58 | $58 | $58 |
| &nbsp;&nbsp;&nbsp; ZDR4-C0IK, 35.890%, 7/06/2025 †x#^ | Affirm | 1/29/2025 | 62 | 63 | 5 |
| &nbsp;&nbsp;&nbsp; ZDR6-N1D8, 35.750%, 8/10/2026 †§x | Affirm | 2/26/2025 | 211 | 213 | 210 |
| &nbsp;&nbsp;&nbsp; ZDRB-3OJD, 35.510%, 1/03/2027 †§x | Affirm | 1/29/2025 | 778 | 772 | 781 |
| &nbsp;&nbsp;&nbsp; ZDRO-WOOC, 25.200%, 8/06/2026 †§x | Affirm | 8/29/2025 | 523 | 536 | 538 |
| &nbsp;&nbsp;&nbsp; ZDRT-XFVU, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 234 | 240 | 241 |
| &nbsp;&nbsp;&nbsp; ZDS0-Q23M, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 237 | 233 | 236 |
| &nbsp;&nbsp;&nbsp; ZDS8-FMQD, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 411 | 424 | 429 |
| &nbsp;&nbsp;&nbsp; ZDSD-RWHX, 15.790%, 3/28/2024 †x#^ | Affirm | 10/03/2022 | 116 | 124 | 9 |
| &nbsp;&nbsp;&nbsp; ZDSF-QFVW, 29.640%, 6/22/2026 †§x | Affirm | 1/16/2026 | 44 | 44 | 45 |
| &nbsp;&nbsp;&nbsp; ZDSF-U6O5, 25.200%, 10/25/2026 †§x# | Affirm | 10/31/2024 | 157 | 160 | 160 |
| &nbsp;&nbsp;&nbsp; ZDSJ-CY8T, 29.550%, 2/23/2026 †x#^ | Affirm | 8/29/2024 | 198 | 210 | 16 |
| &nbsp;&nbsp;&nbsp; ZDSQ-5V8F, 33.110%, 1/21/2028 †§x | Affirm | 2/13/2026 | 601 | 602 | 611 |
| &nbsp;&nbsp;&nbsp; ZDTG-J5A9, 35.770%, 2/27/2024 †x#^ | Affirm | 3/02/2023 | 2183 | 2201 | 175 |
| &nbsp;&nbsp;&nbsp; ZDTU-RRZI, 29.590%, 11/02/2023 †x#^ | Affirm | 11/07/2022 | 179 | 175 | 14 |
| &nbsp;&nbsp;&nbsp; ZDU7-EMMI, 27.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 226 | 233 | 234 |
| &nbsp;&nbsp;&nbsp; ZDUC-SE8Y, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1181 | 1223 | 1237 |
| &nbsp;&nbsp;&nbsp; ZDUE-3LC7, 35.900%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 100 | 100 | 101 |
| &nbsp;&nbsp;&nbsp; ZDUN-NM0O, 33.080%, 12/11/2025 †x#^ | Affirm | 12/27/2024 | 44 | 45 | 3 |
| &nbsp;&nbsp;&nbsp; ZDUS-49PR, 33.950%, 12/20/2026 †§x | Affirm | 12/27/2024 | 427 | 437 | 440 |
| &nbsp;&nbsp;&nbsp; ZDUZ-9W7P, 30.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 93 | 96 | 96 |
| &nbsp;&nbsp;&nbsp; ZDV8-BCI5, 33.050%, 3/20/2026 †§x | Affirm | 3/28/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZDVL-BNXO, 33.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 148 | 150 | 151 |
| &nbsp;&nbsp;&nbsp; ZDVR-D89S, 15.790%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 87 | 88 | 88 |
| &nbsp;&nbsp;&nbsp; ZDVR-XQ0W, 35.340%, 6/02/2026 †§x | Affirm | 6/27/2025 | 29 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; ZDVZ-X9TA, 19.900%, 9/28/2023 †x#^ | Affirm | 10/06/2022 | 170 | 179 | 14 |
| &nbsp;&nbsp;&nbsp; ZDW9-QEUH, 33.950%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 2707 | 2849 | 217 |
| &nbsp;&nbsp;&nbsp; ZDWQ-YV2G, 35.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 120 | 122 | 123 |
| &nbsp;&nbsp;&nbsp; ZDWU-92RL, 24.670%, 3/08/2026 †§x | Affirm | 9/26/2025 | 57 | 57 | 57 |
| &nbsp;&nbsp;&nbsp; ZDX0-B494, 35.840%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 64 | 65 | 66 |
| &nbsp;&nbsp;&nbsp; ZDX4-A32K, 13.840%, 6/19/2026 †§x | Affirm | 12/27/2024 | 82 | 83 | 83 |
| &nbsp;&nbsp;&nbsp; ZDYJ-LP2P, 35.280%, 5/09/2024 †x#^ | Affirm | 5/12/2023 | 135 | 137 | 11 |
| &nbsp;&nbsp;&nbsp; ZDYS-1K7C, 29.710%, 2/12/2027 †§x | Affirm | 2/26/2025 | 511 | 526 | 529 |
| &nbsp;&nbsp;&nbsp; ZDYT-13HW, 26.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 595 | 626 | 626 |
| &nbsp;&nbsp;&nbsp; ZDZG-PSME, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 96 | 96 | 97 |
| &nbsp;&nbsp;&nbsp; ZDZJ-Z5RO, 24.950%, 9/09/2023 †x#^ | Affirm | 9/15/2022 | 373 | 386 | 30 |
| &nbsp;&nbsp;&nbsp; ZDZW-Q2K0, 15.680%, 4/28/2024 †x#^ | Affirm | 8/31/2023 | 138 | 143 | 11 |
| &nbsp;&nbsp;&nbsp; ZE0I-2N2I, 29.710%, 2/11/2027 †x# | Affirm | 2/26/2025 | 585 | 620 | 29 |
| &nbsp;&nbsp;&nbsp; ZE1E-U9HV, 29.620%, 9/20/2026 †x# | Affirm | 9/26/2024 | 616 | 646 | 49 |
| &nbsp;&nbsp;&nbsp; ZE1U-BNBD, 32.000%, 3/03/2026 †§x | Affirm | 3/28/2025 | 127 | 127 | 126 |
| &nbsp;&nbsp;&nbsp; ZE2D-NLJ1, 33.950%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 185 | 185 | 185 |
| &nbsp;&nbsp;&nbsp; ZE2F-2VSK, 25.200%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 243 | 248 | 249 |
| &nbsp;&nbsp;&nbsp; ZE2I-P85E, 33.050%, 3/26/2026 †§x# | Affirm | 9/30/2024 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZE2O-U6IS, 35.260%, 8/06/2026 †§x | Affirm | 8/29/2025 | 127 | 126 | 126 |
| &nbsp;&nbsp;&nbsp; ZE3N-6JM6, 35.610%, 7/13/2026 †§x | Affirm | 1/29/2025 | 359 | 365 | 364 |
| &nbsp;&nbsp;&nbsp; ZE40-0L6M, 35.510%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 14 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZE48-4T93, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 199 | 206 | 207 |
| &nbsp;&nbsp;&nbsp; ZE49-GZ1E, 29.510%, 11/13/2025 †x#^ | Affirm | 6/16/2023 | 145 | 154 | 12 |
| &nbsp;&nbsp;&nbsp; ZE4A-FPXN, 35.570%, 2/22/2025 †x#^ | Affirm | 2/26/2024 | 592 | 609 | 47 |
| &nbsp;&nbsp;&nbsp; ZE4E-T6XE, 35.580%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 149 | 149 | 149 |
| &nbsp;&nbsp;&nbsp; ZE55-4WJV, 23.400%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 149 | 152 | 152 |
| &nbsp;&nbsp;&nbsp; ZE5M-G2OC, 35.870%, 7/22/2026 †x | Affirm | 2/13/2026 | 58 | 59 | 59 |
| &nbsp;&nbsp;&nbsp; ZE5Q-F0TV, 11.850%, 12/23/2023 †x#^ | Affirm | 12/30/2022 | 54 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; ZE5Q-LX87, 33.950%, 7/13/2026 †§x | Affirm | 1/29/2025 | 532 | 537 | 529 |
| &nbsp;&nbsp;&nbsp; ZE6C-O9KL, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 221 | 227 | 228 |
| &nbsp;&nbsp;&nbsp; ZE78-KAUY, 29.510%, 5/22/2026 †x# | Affirm | 5/28/2024 | 1450 | 1508 | 116 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6024** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZE80-HUT2, 24.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | $469 | $484 | $487 |
| &nbsp;&nbsp;&nbsp; ZE8N-5JNF, 29.520%, 4/04/2023 †x#^ | Affirm | 4/07/2022 | 157 | 163 | 13 |
| &nbsp;&nbsp;&nbsp; ZE96-VZ3B, 18.200%, 1/22/2027 †§x | Affirm | 2/13/2026 | 79 | 82 | 82 |
| &nbsp;&nbsp;&nbsp; ZE97-RQP9, 35.210%, 3/03/2026 †§x | Affirm | 3/28/2025 | 13 | 13 | 12 |
| &nbsp;&nbsp;&nbsp; ZE99-VRX6, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 177 | 186 | 186 |
| &nbsp;&nbsp;&nbsp; ZE9B-CR1R, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 177 | 174 | 175 |
| &nbsp;&nbsp;&nbsp; ZE9H-RE1H, 35.580%, 9/16/2025 †x#^ | Affirm | 9/19/2024 | 1004 | 1043 | 80 |
| &nbsp;&nbsp;&nbsp; ZE9R-K5YZ, 35.710%, 9/03/2026 †§x | Affirm | 3/28/2025 | 779 | 789 | 778 |
| &nbsp;&nbsp;&nbsp; ZE9V-UCTM, 29.520%, 2/01/2024 †x#^ | Affirm | 8/04/2023 | 159 | 153 | 13 |
| &nbsp;&nbsp;&nbsp; ZE9Y-OKWR, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 96 | 101 | 102 |
| &nbsp;&nbsp;&nbsp; ZEA2-VSSK, 29.550%, 4/08/2026 †x# | Affirm | 4/11/2024 | 780 | 812 | 62 |
| &nbsp;&nbsp;&nbsp; ZEAC-1RSA, 26.500%, 12/29/2024 †x#^ | Affirm | 7/07/2023 | 1127 | 1169 | 90 |
| &nbsp;&nbsp;&nbsp; ZEAG-YTQG, 6.494%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 1147 | 1124 | 1119 |
| &nbsp;&nbsp;&nbsp; ZEAK-DKTG, 32.500%, 3/23/2026 †x# | Affirm | 9/26/2024 | 194 | 201 | 38 |
| &nbsp;&nbsp;&nbsp; ZEAW-A409, 19.700%, 7/02/2026 †§x | Affirm | 1/29/2025 | 324 | 327 | 326 |
| &nbsp;&nbsp;&nbsp; ZEAW-L544, 29.460%, 10/04/2024 †x#^ | Affirm | 10/10/2023 | 120 | 127 | 10 |
| &nbsp;&nbsp;&nbsp; ZEAY-KP3M, 33.950%, 8/11/2026 †§x | Affirm | 2/26/2025 | 149 | 152 | 152 |
| &nbsp;&nbsp;&nbsp; ZEB3-Z3SD, 7.700%, 7/22/2026 †§x | Affirm | 2/13/2026 | 318 | 325 | 328 |
| &nbsp;&nbsp;&nbsp; ZEC9-UHWO, 29.530%, 12/28/2025 †x#^ | Affirm | 1/05/2024 | 1857 | 1866 | 149 |
| &nbsp;&nbsp;&nbsp; ZECC-8UVZ, 29.800%, 2/08/2023 †x#^ | Affirm | 2/11/2022 | 65 | 68 | 5 |
| &nbsp;&nbsp;&nbsp; ZECM-ISE8, 29.570%, 10/03/2023 †x#^ | Affirm | 10/06/2022 | 109 | 108 | 9 |
| &nbsp;&nbsp;&nbsp; ZECR-U262, 32.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 261 | 264 | 264 |
| &nbsp;&nbsp;&nbsp; ZECZ-HTKW, 29.620%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 204 | 213 | 16 |
| &nbsp;&nbsp;&nbsp; ZEDK-OV7Z, 35.870%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 35 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZEE2-BTTF, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 22 | 22 | 23 |
| &nbsp;&nbsp;&nbsp; ZEE6-26W6, 35.410%, 4/28/2025 †x#^ | Affirm | 10/31/2024 | 420 | 433 | 34 |
| &nbsp;&nbsp;&nbsp; ZEEA-JVD6, 13.840%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; ZEEL-HU5V, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 91 | 94 | 93 |
| &nbsp;&nbsp;&nbsp; ZEFC-GBLX, 35.210%, 3/20/2026 †x | Affirm | 3/28/2025 | 55 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZEFW-FNTI, 32.000%, 7/03/2026 †§x | Affirm | 1/29/2025 | 53 | 53 | 52 |
| &nbsp;&nbsp;&nbsp; ZEGB-23F0, 35.590%, 6/17/2026 †x# | Affirm | 1/16/2026 | 85 | 85 | 85 |
| &nbsp;&nbsp;&nbsp; ZEGG-7PIO, 23.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 370 | 384 | 383 |
| &nbsp;&nbsp;&nbsp; ZEGI-GCPE, 14.800%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 209 | 189 | 19 |
| &nbsp;&nbsp;&nbsp; ZEGM-WV14, 22.730%, 9/08/2026 †§x | Affirm | 9/26/2025 | 365 | 377 | 379 |
| &nbsp;&nbsp;&nbsp; ZEH3-WP8M, 35.520%, 6/24/2027 †§x | Affirm | 1/16/2026 | 523 | 541 | 547 |
| &nbsp;&nbsp;&nbsp; ZEH5-2W8J, 29.470%, 7/22/2023 †x#^ | Affirm | 7/28/2022 | 220 | 217 | 18 |
| &nbsp;&nbsp;&nbsp; ZEHA-AH86, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 23 | 23 | 23 |
| &nbsp;&nbsp;&nbsp; ZEHT-48RE, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 169 | 177 | 179 |
| &nbsp;&nbsp;&nbsp; ZEI0-F54F, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 60 | 60 | 61 |
| &nbsp;&nbsp;&nbsp; ZEI5-P4G2, 35.400%, 4/28/2026 †x# | Affirm | 10/31/2024 | 78 | 78 | 77 |
| &nbsp;&nbsp;&nbsp; ZEIN-V1ZQ, 27.100%, 10/17/2023 †x#^ | Affirm | 10/20/2022 | 112 | 118 | 9 |
| &nbsp;&nbsp;&nbsp; ZEJJ-Z81D, 25.200%, 10/28/2025 †x#^ | Affirm | 10/31/2024 | 72 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZEKB-FJ77, 29.760%, 8/11/2026 †§x# | Affirm | 2/26/2025 | 136 | 138 | 137 |
| &nbsp;&nbsp;&nbsp; ZEKC-9KO1, 29.560%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 53 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZEKF-EAB8, 25.900%, 3/12/2026 †§x | Affirm | 9/26/2025 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; ZEKU-JV2D, 33.050%, 8/07/2026 †§x# | Affirm | 8/29/2025 | 95 | 98 | 98 |
| &nbsp;&nbsp;&nbsp; ZELA-YTK6, 33.050%, 12/22/2026 †§x | Affirm | 1/16/2026 | 486 | 509 | 515 |
| &nbsp;&nbsp;&nbsp; ZEMJ-J130, 35.810%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 96 | 96 | 8 |
| &nbsp;&nbsp;&nbsp; ZEN6-WR6E, 35.380%, 12/02/2025 †x#^ | Affirm | 6/27/2025 | 159 | 159 | 13 |
| &nbsp;&nbsp;&nbsp; ZENC-3673, 29.560%, 12/07/2025 †x#^ | Affirm | 12/11/2023 | 433 | 455 | 35 |
| &nbsp;&nbsp;&nbsp; ZENH-JO77, 13.840%, 3/03/2026 †§x | Affirm | 3/28/2025 | 79 | 79 | 79 |
| &nbsp;&nbsp;&nbsp; ZENV-817N, 32.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 965 | 1016 | 1016 |
| &nbsp;&nbsp;&nbsp; ZENY-5EVY, 32.500%, 5/12/2025 †x#^ | Affirm | 11/27/2024 | 401 | 410 | 32 |
| &nbsp;&nbsp;&nbsp; ZEO2-ACB2, 19.800%, 2/11/2027 †§x | Affirm | 2/26/2025 | 701 | 696 | 702 |
| &nbsp;&nbsp;&nbsp; ZEO9-HV0P, 29.590%, 10/21/2023 †x#^ | Affirm | 10/28/2022 | 56 | 56 | 4 |
| &nbsp;&nbsp;&nbsp; ZEOE-AIUV, 33.950%, 3/08/2026 †§x | Affirm | 9/26/2025 | 10 | 10 | 10 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6025** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZEOE-KJTE, 35.280%, 3/20/2026 †x# | Affirm | 3/28/2025 | $58 | $61 | $- |
| &nbsp;&nbsp;&nbsp; ZEOQ-Z0RE, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 108 | 113 | 113 |
| &nbsp;&nbsp;&nbsp; ZEOT-2II6, 33.950%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 91 | 92 | 91 |
| &nbsp;&nbsp;&nbsp; ZEOY-7SYO, 26.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 85 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; ZEPQ-1PP0, 35.430%, 3/08/2026 †§x# | Affirm | 9/26/2025 | 46 | 46 | 17 |
| &nbsp;&nbsp;&nbsp; ZEPT-AD9B, 33.950%, 6/19/2026 †§x | Affirm | 12/27/2024 | 78 | 79 | 79 |
| &nbsp;&nbsp;&nbsp; ZEQF-H4ZL, 22.870%, 11/04/2025 †x#^ | Affirm | 11/27/2024 | 105 | 103 | 8 |
| &nbsp;&nbsp;&nbsp; ZEQT-AO6L, 18.000%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 48 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZEQW-W95E, 22.820%, 8/07/2026 †§x | Affirm | 2/26/2025 | 134 | 136 | 136 |
| &nbsp;&nbsp;&nbsp; ZER5-1WCF, 29.490%, 4/24/2024 †x#^ | Affirm | 4/27/2023 | 185 | 186 | 15 |
| &nbsp;&nbsp;&nbsp; ZERB-DWJ7, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 29 | 29 | 30 |
| &nbsp;&nbsp;&nbsp; ZERF-TNAX, 24.400%, 3/20/2026 †§x | Affirm | 3/28/2025 | 96 | 96 | 97 |
| &nbsp;&nbsp;&nbsp; ZERF-UH0J, 33.950%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 440 | 446 | 451 |
| &nbsp;&nbsp;&nbsp; ZERL-VNMY, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 108 | 110 | 111 |
| &nbsp;&nbsp;&nbsp; ZERT-PZH7, 29.630%, 3/08/2026 †§x# | Affirm | 9/26/2025 | 96 | 96 | 35 |
| &nbsp;&nbsp;&nbsp; ZES1-WBK0, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 133 | 136 | 137 |
| &nbsp;&nbsp;&nbsp; ZESC-82EO, 29.500%, 12/02/2024 †x#^ | Affirm | 6/08/2023 | 390 | 379 | 31 |
| &nbsp;&nbsp;&nbsp; ZESM-5LSR, 24.950%, 4/25/2023 †x#^ | Affirm | 4/28/2022 | 414 | 409 | 33 |
| &nbsp;&nbsp;&nbsp; ZESV-7RN6, 26.700%, 3/08/2026 †§x# | Affirm | 9/26/2025 | 48 | 48 | 18 |
| &nbsp;&nbsp;&nbsp; ZET6-RVF5, 35.870%, 1/02/2026 †x#^ | Affirm | 1/29/2025 | 232 | 243 | 19 |
| &nbsp;&nbsp;&nbsp; ZET9-5E3M, 29.500%, 9/08/2026 †§x | Affirm | 9/26/2025 | 680 | 702 | 705 |
| &nbsp;&nbsp;&nbsp; ZETT-TU58, 35.480%, 8/27/2026 †§x# | Affirm | 8/30/2024 | 574 | 572 | 582 |
| &nbsp;&nbsp;&nbsp; ZETW-0BRC, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 126 | 123 | 125 |
| &nbsp;&nbsp;&nbsp; ZETW-0DXD, 22.690%, 12/22/2026 †§x | Affirm | 1/16/2026 | 102 | 105 | 106 |
| &nbsp;&nbsp;&nbsp; ZEU3-LXM9, 35.450%, 4/28/2025 †x#^ | Affirm | 5/03/2024 | 153 | 154 | 12 |
| &nbsp;&nbsp;&nbsp; ZEUG-TS65, 35.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 124 | 122 | 125 |
| &nbsp;&nbsp;&nbsp; ZEUM-UU7G, 29.590%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 111 | 115 | 9 |
| &nbsp;&nbsp;&nbsp; ZEUP-4SX7, 29.500%, 6/28/2025 †x#^ | Affirm | 7/03/2023 | 816 | 872 | 65 |
| &nbsp;&nbsp;&nbsp; ZEUV-HGVD, 30.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 84 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; ZEUW-1582, 29.920%, 7/17/2023 †x#^ | Affirm | 1/20/2023 | 46 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZEV7-GEOX, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 161 | 169 | 171 |
| &nbsp;&nbsp;&nbsp; ZEV8-XIUP, 22.850%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 385 | 405 | 31 |
| &nbsp;&nbsp;&nbsp; ZEV9-A3IN, 29.440%, 11/29/2024 †x#^ | Affirm | 6/02/2023 | 209 | 220 | 17 |
| &nbsp;&nbsp;&nbsp; ZEVJ-UNNK, 35.370%, 6/14/2026 †§x | Affirm | 6/21/2024 | 406 | 405 | 408 |
| &nbsp;&nbsp;&nbsp; ZEVM-7VCU, 29.620%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 57 | 60 | 5 |
| &nbsp;&nbsp;&nbsp; ZEWA-GVJP, 29.560%, 11/29/2024 †x#^ | Affirm | 12/04/2023 | 53 | 56 | 4 |
| &nbsp;&nbsp;&nbsp; ZEWE-2X0I, 29.900%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 132 | 131 | 11 |
| &nbsp;&nbsp;&nbsp; ZEWP-E4RZ, 27.100%, 10/03/2024 †x#^ | Affirm | 10/06/2022 | 401 | 431 | 32 |
| &nbsp;&nbsp;&nbsp; ZEWZ-GMLR, 35.900%, 7/02/2026 †§x | Affirm | 1/29/2025 | 386 | 388 | 383 |
| &nbsp;&nbsp;&nbsp; ZEX8-I4HG, 23.400%, 5/06/2026 †§x | Affirm | 5/30/2025 | 114 | 115 | 115 |
| &nbsp;&nbsp;&nbsp; ZEXI-17CO, 35.610%, 8/11/2026 †§x | Affirm | 2/26/2025 | 259 | 257 | 257 |
| &nbsp;&nbsp;&nbsp; ZEY3-1UC5, 15.750%, 8/07/2026 †§x | Affirm | 8/10/2023 | 206 | 209 | 209 |
| &nbsp;&nbsp;&nbsp; ZEYQ-MSU9, 24.400%, 9/03/2026 †§x | Affirm | 3/28/2025 | 785 | 798 | 799 |
| &nbsp;&nbsp;&nbsp; ZEYR-ORYQ, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZEYY-RL5H, 35.620%, 6/22/2026 †§x | Affirm | 1/16/2026 | 63 | 65 | 65 |
| &nbsp;&nbsp;&nbsp; ZEZI-HPT7, 33.950%, 5/06/2026 †§x | Affirm | 5/30/2025 | 46 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZEZJ-7ZOF, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 218 | 222 | 223 |
| &nbsp;&nbsp;&nbsp; ZEZM-NSI5, 22.710%, 3/08/2027 †§x | Affirm | 9/26/2025 | 1509 | 1495 | 1510 |
| &nbsp;&nbsp;&nbsp; ZEZR-X2DT, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 177 | 172 | 171 |
| &nbsp;&nbsp;&nbsp; ZEZS-H1UQ, 33.790%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 935 | 954 | 954 |
| &nbsp;&nbsp;&nbsp; ZF09-L1OQ, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 35 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZF0B-SOQU, 22.490%, 11/11/2023 †x#^ | Affirm | 5/15/2023 | 227 | 230 | 18 |
| &nbsp;&nbsp;&nbsp; ZF0D-3OSP, 35.760%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 88 | 91 | 5 |
| &nbsp;&nbsp;&nbsp; ZF0E-33B8, 22.750%, 4/25/2026 †§x# | Affirm | 10/31/2024 | 54 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZF0N-25B1, 29.700%, 6/02/2026 †§x | Affirm | 6/27/2025 | 86 | 87 | 87 |
| &nbsp;&nbsp;&nbsp; ZF12-3QD3, 35.360%, 4/01/2025 †x#^ | Affirm | 4/04/2024 | 257 | 266 | 21 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6026** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZF13-8JXC, 35.000%, 6/22/2026 †§x | Affirm | 1/16/2026 | $587 | $575 | $580 |
| &nbsp;&nbsp;&nbsp; ZF19-VMHW, 35.490%, 10/28/2025 †x#^ | Affirm | 10/31/2024 | 128 | 128 | 10 |
| &nbsp;&nbsp;&nbsp; ZF1E-KHOK, 35.510%, 6/22/2026 †§x | Affirm | 1/16/2026 | 78 | 78 | 79 |
| &nbsp;&nbsp;&nbsp; ZF1M-KVLO, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 397 | 394 | 400 |
| &nbsp;&nbsp;&nbsp; ZF1N-6Y2N, 35.480%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 47 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZF1Q-67FP, 35.500%, 3/28/2026 †§x# | Affirm | 10/03/2024 | 54 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZF1V-57TX, 29.560%, 4/18/2027 †x# | Affirm | 4/22/2024 | 1987 | 1879 | 159 |
| &nbsp;&nbsp;&nbsp; ZF23-8677, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 394 | 415 | 420 |
| &nbsp;&nbsp;&nbsp; ZF2A-SI48, 29.630%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 125 | 131 | 134 |
| &nbsp;&nbsp;&nbsp; ZF39-VPG7, 29.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 246 | 259 | 259 |
| &nbsp;&nbsp;&nbsp; ZF3C-LXDQ, 30.000%, 6/22/2026 †§x | Affirm | 1/16/2026 | 93 | 95 | 96 |
| &nbsp;&nbsp;&nbsp; ZF3G-AQMR, 24.400%, 12/02/2026 †§x | Affirm | 6/27/2025 | 726 | 743 | 745 |
| &nbsp;&nbsp;&nbsp; ZF3K-06EO, 29.900%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 35 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; ZF3K-SJ59, 35.610%, 6/22/2026 †§x | Affirm | 1/16/2026 | 36 | 36 | 37 |
| &nbsp;&nbsp;&nbsp; ZF3X-EYAQ, 31.000%, 4/15/2026 †§x | Affirm | 4/18/2024 | 160 | 161 | 161 |
| &nbsp;&nbsp;&nbsp; ZF4M-13JX, 30.950%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 145 | 149 | 149 |
| &nbsp;&nbsp;&nbsp; ZF5C-466C, 29.000%, 1/03/2025 †x#^ | Affirm | 7/07/2023 | 203 | 211 | 16 |
| &nbsp;&nbsp;&nbsp; ZF5I-KWFQ, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 271 | 278 | 278 |
| &nbsp;&nbsp;&nbsp; ZF5L-NGCW, 35.560%, 1/22/2027 †§x | Affirm | 2/13/2026 | 162 | 162 | 164 |
| &nbsp;&nbsp;&nbsp; ZF61-QED9, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; ZF6A-KU0Q, 29.590%, 4/01/2026 †§x | Affirm | 4/04/2024 | 265 | 266 | 265 |
| &nbsp;&nbsp;&nbsp; ZF6H-3RAE, 29.580%, 7/11/2024 †x#^ | Affirm | 10/14/2022 | 86 | 89 | 7 |
| &nbsp;&nbsp;&nbsp; ZF6Z-3E51, 29.620%, 3/14/2023 †x#^ | Affirm | 9/19/2022 | 275 | 282 | 22 |
| &nbsp;&nbsp;&nbsp; ZF7B-2U6K, 29.800%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 146 | 153 | 5 |
| &nbsp;&nbsp;&nbsp; ZF7B-3UJ8, 29.530%, 9/05/2026 †§x | Affirm | 9/08/2023 | 299 | 305 | 305 |
| &nbsp;&nbsp;&nbsp; ZF7B-LNV4, 18.000%, 12/24/2028 †§x | Affirm | 1/16/2026 | 1228 | 1322 | 1343 |
| &nbsp;&nbsp;&nbsp; ZF7G-2TOB, 29.460%, 5/08/2025 †x#^ | Affirm | 5/11/2023 | 744 | 741 | 60 |
| &nbsp;&nbsp;&nbsp; ZF7H-N19L, 7.151%, 2/28/2023 †x#^« | Affirm | 12/01/2022 | 156 | 153 | 12 |
| &nbsp;&nbsp;&nbsp; ZF7I-HW55, 33.380%, 7/22/2026 †§x | Affirm | 2/13/2026 | 159 | 162 | 163 |
| &nbsp;&nbsp;&nbsp; ZF7J-DCLU, 22.750%, 6/22/2026 †§x | Affirm | 1/16/2026 | 400 | 407 | 410 |
| &nbsp;&nbsp;&nbsp; ZF7L-BV2B, 35.490%, 10/18/2026 †x# | Affirm | 10/24/2024 | 473 | 467 | 38 |
| &nbsp;&nbsp;&nbsp; ZF7M-J0TD, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 342 | 360 | 360 |
| &nbsp;&nbsp;&nbsp; ZF7W-46N2, 25.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | 54 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZF7W-QQI9, 35.430%, 6/17/2025 †x#^ | Affirm | 6/21/2024 | 70 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZF87-UJ0U, 29.500%, 12/12/2023 †x#^ | Affirm | 6/15/2023 | 19 | 19 | 2 |
| &nbsp;&nbsp;&nbsp; ZF8G-DV0R, 33.950%, 12/08/2025 †x#^ | Affirm | 12/14/2023 | 299 | 312 | 24 |
| &nbsp;&nbsp;&nbsp; ZF8I-1F0U, 18.000%, 3/08/2026 †§x | Affirm | 9/26/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZF98-4OL8, 29.610%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 100 | 101 | 101 |
| &nbsp;&nbsp;&nbsp; ZF9G-VT07, 35.990%, 8/05/2025 †x#^ | Affirm | 2/26/2025 | 43 | 44 | 3 |
| &nbsp;&nbsp;&nbsp; ZF9W-S5GC, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 47 | 48 | 49 |
| &nbsp;&nbsp;&nbsp; ZFAB-HW00, 33.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 58 | 57 | 58 |
| &nbsp;&nbsp;&nbsp; ZFAC-BOV9, 33.990%, 1/21/2028 †§x | Affirm | 2/13/2026 | 433 | 463 | 468 |
| &nbsp;&nbsp;&nbsp; ZFBH-1G3U, 24.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 945 | 979 | 978 |
| &nbsp;&nbsp;&nbsp; ZFCS-JCG7, 35.140%, 12/02/2025 †x#^ | Affirm | 6/27/2025 | 44 | 44 | 3 |
| &nbsp;&nbsp;&nbsp; ZFCV-5E2H, 33.050%, 9/08/2026 †§x | Affirm | 9/26/2025 | 94 | 97 | 97 |
| &nbsp;&nbsp;&nbsp; ZFCV-HS9E, 29.560%, 4/28/2024 †x#^ | Affirm | 11/03/2022 | 29 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZFDC-M4CU, 30.000%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 77 | 78 | 78 |
| &nbsp;&nbsp;&nbsp; ZFDC-WZ0Y, 30.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 165 | 171 | 171 |
| &nbsp;&nbsp;&nbsp; ZFDH-P6G8, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 99 | 99 | 8 |
| &nbsp;&nbsp;&nbsp; ZFEI-4D09, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 108 | 112 | 113 |
| &nbsp;&nbsp;&nbsp; ZFEV-WTKG, 35.480%, 10/25/2025 †x#^ | Affirm | 10/31/2024 | 69 | 71 | 5 |
| &nbsp;&nbsp;&nbsp; ZFF1-UGPD, 22.730%, 1/13/2027 †§x | Affirm | 1/29/2025 | 251 | 256 | 257 |
| &nbsp;&nbsp;&nbsp; ZFFN-VC7Y, 11.800%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 108 | 113 | 9 |
| &nbsp;&nbsp;&nbsp; ZFFW-6PNA, 28.990%, 2/24/2025 †x#^ | Affirm | 8/28/2023 | 443 | 473 | 35 |
| &nbsp;&nbsp;&nbsp; ZFG3-U8EE, 32.500%, 8/12/2026 †§x | Affirm | 2/26/2025 | 121 | 123 | 121 |
| &nbsp;&nbsp;&nbsp; ZFGC-MFKY, 29.620%, 12/19/2023 †x#^ | Affirm | 12/22/2022 | 130 | 133 | 10 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6027** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZFGP-AT0M, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | $131 | $132 | $131 |
| &nbsp;&nbsp;&nbsp; ZFGV-W2FX, 35.590%, 6/22/2026 †§x | Affirm | 1/16/2026 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZFGY-LIXL, 33.990%, 11/18/2023 †x#^ | Affirm | 11/25/2022 | 368 | 385 | 29 |
| &nbsp;&nbsp;&nbsp; ZFGY-T4KM, 18.000%, 6/20/2026 †§x | Affirm | 12/27/2024 | 398 | 401 | 402 |
| &nbsp;&nbsp;&nbsp; ZFH2-0X4K, 35.560%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 32 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; ZFHF-JAF8, 35.490%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 108 | 108 | 9 |
| &nbsp;&nbsp;&nbsp; ZFHI-7I1R, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 197 | 208 | 208 |
| &nbsp;&nbsp;&nbsp; ZFHO-N2PJ, 35.890%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 98 | 100 | 100 |
| &nbsp;&nbsp;&nbsp; ZFI1-W8M6, 35.000%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 31 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; ZFI9-V5RA, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 79 | 80 | 81 |
| &nbsp;&nbsp;&nbsp; ZFIA-SFMW, 18.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 89 | 92 | 92 |
| &nbsp;&nbsp;&nbsp; ZFIE-EZWJ, 28.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 145 | 150 | 152 |
| &nbsp;&nbsp;&nbsp; ZFIJ-2DQ5, 33.050%, 10/10/2025 †x#^ | Affirm | 4/15/2024 | 59 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; ZFIW-VD1N, 35.540%, 12/22/2026 †§x | Affirm | 1/16/2026 | 94 | 96 | 98 |
| &nbsp;&nbsp;&nbsp; ZFIY-PQ22, 28.500%, 2/03/2023 †x#^ | Affirm | 2/07/2022 | 188 | 185 | 15 |
| &nbsp;&nbsp;&nbsp; ZFJ0-FJJX, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 377 | 397 | 397 |
| &nbsp;&nbsp;&nbsp; ZFJF-T66D, 29.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 84 | 85 | 86 |
| &nbsp;&nbsp;&nbsp; ZFJG-NOXU, 29.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 132 | 137 | 137 |
| &nbsp;&nbsp;&nbsp; ZFJH-W3YS, 26.900%, 6/02/2026 †§x | Affirm | 6/27/2025 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZFJX-JASD, 30.450%, 1/22/2027 †§x | Affirm | 2/13/2026 | 382 | 380 | 381 |
| &nbsp;&nbsp;&nbsp; ZFK4-CM4F, 32.500%, 7/06/2026 †§x | Affirm | 1/29/2025 | 113 | 113 | 112 |
| &nbsp;&nbsp;&nbsp; ZFKH-72Y8, 18.000%, 9/08/2026 †§x | Affirm | 9/26/2025 | 336 | 344 | 345 |
| &nbsp;&nbsp;&nbsp; ZFLC-Y4Q9, 35.540%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 288 | 286 | 292 |
| &nbsp;&nbsp;&nbsp; ZFLD-9BSH, 31.050%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 1684 | 1763 | 1793 |
| &nbsp;&nbsp;&nbsp; ZFLP-G25S, 11.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 62 | 64 | 65 |
| &nbsp;&nbsp;&nbsp; ZFMJ-0T9N, 15.840%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 53 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZFMM-Z68U, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 147 | 146 | 146 |
| &nbsp;&nbsp;&nbsp; ZFMO-SMLL, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 87 | 91 | 91 |
| &nbsp;&nbsp;&nbsp; ZFMU-Z1ZJ, 33.280%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 30 | 31 | 3 |
| &nbsp;&nbsp;&nbsp; ZFN1-B8JX, 35.370%, 6/02/2026 †x# | Affirm | 6/27/2025 | 323 | 318 | 26 |
| &nbsp;&nbsp;&nbsp; ZFNN-YFD1, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | 39 | 40 | 39 |
| &nbsp;&nbsp;&nbsp; ZFNO-NSI9, 30.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 273 | 278 | 280 |
| &nbsp;&nbsp;&nbsp; ZFO7-EFPE, 24.730%, 7/13/2026 †§x | Affirm | 1/29/2025 | 109 | 109 | 109 |
| &nbsp;&nbsp;&nbsp; ZFO7-U5L8, 29.650%, 2/22/2025 †x#^ | Affirm | 2/26/2024 | 194 | 203 | 15 |
| &nbsp;&nbsp;&nbsp; ZFOL-HM2C, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 60 | 61 | 61 |
| &nbsp;&nbsp;&nbsp; ZFOS-X1XM, 35.450%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 21 | 22 | 2 |
| &nbsp;&nbsp;&nbsp; ZFP6-8EUV, 33.950%, 9/08/2026 †§x | Affirm | 9/26/2025 | 69 | 72 | 71 |
| &nbsp;&nbsp;&nbsp; ZFPA-QOEZ, 29.470%, 7/14/2023 †x#^ | Affirm | 7/18/2022 | 43 | 44 | 3 |
| &nbsp;&nbsp;&nbsp; ZFPC-STSE, 11.815%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 219 | 212 | 209 |
| &nbsp;&nbsp;&nbsp; ZFPD-NLD9, 33.950%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 38 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; ZFPV-1TTG, 29.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 143 | 144 | 145 |
| &nbsp;&nbsp;&nbsp; ZFQD-1G2A, 13.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 218 | 226 | 227 |
| &nbsp;&nbsp;&nbsp; ZFQP-H2JR, 35.410%, 10/21/2026 †§x | Affirm | 10/24/2024 | 264 | 262 | 266 |
| &nbsp;&nbsp;&nbsp; ZFQS-V76V, 29.610%, 12/09/2023 †x#^ | Affirm | 12/15/2022 | 54 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZFR0-QRRC, 33.950%, 5/15/2026 †§x | Affirm | 11/27/2024 | 173 | 175 | 175 |
| &nbsp;&nbsp;&nbsp; ZFR3-9K5V, 33.050%, 3/11/2026 †§x | Affirm | 9/26/2025 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; ZFRN-YYH9, 11.860%, 9/12/2023 †x#^ | Affirm | 9/16/2022 | 148 | 147 | 12 |
| &nbsp;&nbsp;&nbsp; ZFRT-EFGZ, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 52 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZFRY-R5KW, 29.610%, 11/10/2024 †x#^ | Affirm | 11/17/2022 | 497 | 524 | 40 |
| &nbsp;&nbsp;&nbsp; ZFSP-MEXC, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 828 | 807 | 814 |
| &nbsp;&nbsp;&nbsp; ZFSU-UTAF, 13.840%, 4/28/2027 †§x# | Affirm | 5/02/2024 | 1206 | 1220 | 1220 |
| &nbsp;&nbsp;&nbsp; ZFSW-2XDA, 35.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 26 | 25 | 26 |
| &nbsp;&nbsp;&nbsp; ZFT8-Z0ZO, 33.950%, 5/15/2026 †§x | Affirm | 11/27/2024 | 113 | 114 | 114 |
| &nbsp;&nbsp;&nbsp; ZFTT-JQ9T, 29.490%, 8/07/2024 †x#^ | Affirm | 8/10/2023 | 910 | 957 | 73 |
| &nbsp;&nbsp;&nbsp; ZFTT-OONX, 35.990%, 5/07/2025 †x#^ | Affirm | 2/26/2025 | 111 | 108 | 9 |
| &nbsp;&nbsp;&nbsp; ZFU5-QWPX, 22.200%, 11/03/2024 †x#^ | Affirm | 11/07/2022 | 395 | 426 | 32 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6028** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZFU6-LOYZ, 35.300%, 3/28/2026 †x# | Affirm | 3/31/2025 | $246 | $247 | $- |
| &nbsp;&nbsp;&nbsp; ZFU8-6VQV, 26.700%, 3/26/2026 †x# | Affirm | 9/30/2024 | 303 | 320 | 24 |
| &nbsp;&nbsp;&nbsp; ZFUR-BP5T, 35.590%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 262 | 266 | 21 |
| &nbsp;&nbsp;&nbsp; ZFUV-IGGY, 35.780%, 3/03/2026 †§x | Affirm | 3/28/2025 | 17 | 17 | 17 |
| &nbsp;&nbsp;&nbsp; ZFVN-8NPN, 29.480%, 11/28/2025 †x#^ | Affirm | 5/31/2024 | 63 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZFVR-3HUC, 32.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 299 | 315 | 318 |
| &nbsp;&nbsp;&nbsp; ZFW5-FXNU, 35.380%, 8/27/2025 †x#^ | Affirm | 8/30/2024 | 10 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; ZFW8-NC81, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 177 | 181 | 182 |
| &nbsp;&nbsp;&nbsp; ZFWK-C4JD, 32.990%, 4/15/2026 †§x | Affirm | 4/18/2024 | 52 | 52 | 53 |
| &nbsp;&nbsp;&nbsp; ZFX8-GWBJ, 35.290%, 5/26/2024 †x#^ | Affirm | 6/02/2023 | 203 | 198 | 16 |
| &nbsp;&nbsp;&nbsp; ZFXA-6JPN, 15.790%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 65 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZFXB-UYCK, 13.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1116 | 1156 | 1164 |
| &nbsp;&nbsp;&nbsp; ZFXJ-DGBO, 35.350%, 4/28/2026 †x# | Affirm | 5/02/2024 | 616 | 627 | 49 |
| &nbsp;&nbsp;&nbsp; ZFXL-QIEC, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 645 | 628 | 626 |
| &nbsp;&nbsp;&nbsp; ZFXS-5QV4, 22.700%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 270 | 275 | 276 |
| &nbsp;&nbsp;&nbsp; ZFYM-I82Q, 33.950%, 6/02/2026 †x# | Affirm | 6/27/2025 | 152 | 159 | 7 |
| &nbsp;&nbsp;&nbsp; ZFZ7-SDCK, 29.760%, 8/10/2026 †§x | Affirm | 2/26/2025 | 135 | 138 | 138 |
| &nbsp;&nbsp;&nbsp; ZFZF-JKZN, 31.000%, 7/02/2026 †§x | Affirm | 1/29/2025 | 167 | 170 | 169 |
| &nbsp;&nbsp;&nbsp; ZFZU-XG2P, 32.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 306 | 313 | 313 |
| &nbsp;&nbsp;&nbsp; ZG0E-D7DN, 29.420%, 5/22/2024 †x#^ | Affirm | 5/25/2023 | 39 | 38 | 3 |
| &nbsp;&nbsp;&nbsp; ZG10-IM80, 35.770%, 2/22/2024 †x#^ | Affirm | 2/27/2023 | 40 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; ZG12-0F14, 31.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 323 | 326 | 329 |
| &nbsp;&nbsp;&nbsp; ZG13-HU6T, 25.900%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 103 | 106 | 8 |
| &nbsp;&nbsp;&nbsp; ZG17-3LFM, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 847 | 842 | 843 |
| &nbsp;&nbsp;&nbsp; ZG17-SM39, 33.000%, 8/12/2026 †§x# | Affirm | 2/26/2025 | 194 | 192 | 192 |
| &nbsp;&nbsp;&nbsp; ZG1I-Y9Q4, 15.690%, 3/20/2026 †§x | Affirm | 3/28/2025 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZG1Z-AY8Y, 6.896%, 3/08/2026 †§x« | Affirm | 9/26/2025 | 65 | 63 | 65 |
| &nbsp;&nbsp;&nbsp; ZG22-7O37, 29.810%, 2/02/2023 †x#^ | Affirm | 11/07/2022 | 19 | 19 | 2 |
| &nbsp;&nbsp;&nbsp; ZG2F-2J21, 11.815%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 48 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZG2F-DD7Y, 30.000%, 8/23/2023 †x#^ | Affirm | 2/27/2023 | 254 | 253 | 20 |
| &nbsp;&nbsp;&nbsp; ZG2J-V5J5, 33.950%, 12/12/2025 †x#^ | Affirm | 9/26/2025 | 18 | 18 | 1 |
| &nbsp;&nbsp;&nbsp; ZG2P-PZV0, 33.170%, 6/02/2026 †x# | Affirm | 6/27/2025 | 121 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; ZG32-819R, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 82 | 82 | 7 |
| &nbsp;&nbsp;&nbsp; ZG3O-G6N3, 33.950%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 68 | 72 | 73 |
| &nbsp;&nbsp;&nbsp; ZG3P-FXYD, 33.000%, 9/03/2026 †§x | Affirm | 3/28/2025 | 139 | 137 | 137 |
| &nbsp;&nbsp;&nbsp; ZG3U-XS2T, 29.000%, 11/22/2024 †x#^ | Affirm | 11/25/2022 | 177 | 187 | 14 |
| &nbsp;&nbsp;&nbsp; ZG56-LXQ4, 35.420%, 4/28/2025 †x#^ | Affirm | 10/31/2024 | 15 | 16 | 1 |
| &nbsp;&nbsp;&nbsp; ZG5H-X2DS, 35.390%, 4/02/2025 †x#^ | Affirm | 10/05/2023 | 591 | 610 | 47 |
| &nbsp;&nbsp;&nbsp; ZG5H-XSOG, 35.570%, 1/22/2027 †§x | Affirm | 2/13/2026 | 182 | 181 | 181 |
| &nbsp;&nbsp;&nbsp; ZG5I-MJTB, 29.510%, 8/28/2025 †x#^ | Affirm | 9/01/2023 | 389 | 394 | 31 |
| &nbsp;&nbsp;&nbsp; ZG5J-ZKKS, 24.400%, 8/23/2026 †§x | Affirm | 8/29/2024 | 175 | 178 | 178 |
| &nbsp;&nbsp;&nbsp; ZG68-X5VY, 29.660%, 9/06/2023 †x#^ | Affirm | 9/09/2022 | 61 | 64 | 5 |
| &nbsp;&nbsp;&nbsp; ZG6F-KEG5, 30.875%, 1/02/2025 †x#^ | Affirm | 1/05/2024 | 502 | 527 | 40 |
| &nbsp;&nbsp;&nbsp; ZG6F-QDSX, 35.520%, 6/24/2027 †§x | Affirm | 1/16/2026 | 211 | 207 | 212 |
| &nbsp;&nbsp;&nbsp; ZG6J-27GX, 15.700%, 9/14/2024 †x#^ | Affirm | 3/18/2024 | 31 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; ZG6T-L0PR, 33.050%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 113 | 116 | 65 |
| &nbsp;&nbsp;&nbsp; ZG6X-V8JS, 29.620%, 12/22/2026 †x | Affirm | 1/16/2026 | 99 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZG6Y-RL26, 26.900%, 3/20/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZG6Z-BYJ3, 29.690%, 7/21/2027 †§x | Affirm | 2/13/2026 | 361 | 386 | 386 |
| &nbsp;&nbsp;&nbsp; ZG6Z-UEKD, 35.770%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 814 | 808 | 65 |
| &nbsp;&nbsp;&nbsp; ZG7B-7GTN, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 333 | 330 | 330 |
| &nbsp;&nbsp;&nbsp; ZG7G-5PTQ, 29.550%, 3/06/2025 †x#^ | Affirm | 9/11/2023 | 244 | 261 | 20 |
| &nbsp;&nbsp;&nbsp; ZG7H-VPSW, 35.510%, 3/08/2026 †§x | Affirm | 9/26/2025 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZG81-3W7I, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; ZG82-ARQG, 15.780%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 49 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZG8N-MXWN, 35.420%, 12/24/2027 †§x | Affirm | 1/16/2026 | 625 | 625 | 635 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6029** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZG95-OX7L, 35.580%, 6/09/2025 †x#^ | Affirm | 12/27/2024 | $56 | $55 | $4 |
| &nbsp;&nbsp;&nbsp; ZG9C-JZ6G, 25.000%, 9/28/2023 †x#^ | Affirm | 10/06/2022 | 875 | 906 | 70 |
| &nbsp;&nbsp;&nbsp; ZG9P-QML8, 29.960%, 4/06/2025 †x#^ | Affirm | 1/29/2025 | 40 | 40 | 3 |
| &nbsp;&nbsp;&nbsp; ZGA5-GLBM, 22.770%, 2/11/2027 †§x | Affirm | 2/26/2025 | 532 | 548 | 551 |
| &nbsp;&nbsp;&nbsp; ZGAF-PEGI, 33.950%, 3/28/2025 †x#^ | Affirm | 10/03/2024 | 60 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; ZGAP-DL69, 35.320%, 5/21/2025 †x#^ | Affirm | 5/24/2024 | 302 | 303 | 24 |
| &nbsp;&nbsp;&nbsp; ZGBG-I8SK, 35.570%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 1576 | 1581 | 126 |
| &nbsp;&nbsp;&nbsp; ZGBO-S3IH, 13.840%, 5/06/2026 †§x | Affirm | 5/30/2025 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; ZGBQ-JGIR, 29.650%, 7/17/2024 †x#^ | Affirm | 1/20/2023 | 157 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; ZGBT-SUXA, 23.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | 459 | 474 | 477 |
| &nbsp;&nbsp;&nbsp; ZGBW-TTL8, 28.000%, 5/09/2023 †x#^ | Affirm | 5/12/2022 | 361 | 356 | 29 |
| &nbsp;&nbsp;&nbsp; ZGCD-IWID, 29.390%, 9/12/2024 †x#^ | Affirm | 3/15/2024 | 147 | 151 | 12 |
| &nbsp;&nbsp;&nbsp; ZGCE-Q8CK, 29.810%, 2/07/2023 †x#^ | Affirm | 2/10/2022 | 31 | 33 | 2 |
| &nbsp;&nbsp;&nbsp; ZGCK-AM22, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 247 | 260 | 260 |
| &nbsp;&nbsp;&nbsp; ZGCL-AQ6U, 35.420%, 10/05/2024 †x#^ | Affirm | 4/11/2024 | 431 | 442 | 34 |
| &nbsp;&nbsp;&nbsp; ZGD9-IIOZ, 35.600%, 7/13/2026 †§x | Affirm | 1/29/2025 | 82 | 82 | 81 |
| &nbsp;&nbsp;&nbsp; ZGDF-2HI7, 29.550%, 5/02/2023 †x#^ | Affirm | 5/05/2022 | 44 | 46 | 3 |
| &nbsp;&nbsp;&nbsp; ZGDN-B0GQ, 29.600%, 12/24/2027 †§x# | Affirm | 1/16/2026 | 380 | 403 | 408 |
| &nbsp;&nbsp;&nbsp; ZGDR-YEYX, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 125 | 122 | 121 |
| &nbsp;&nbsp;&nbsp; ZGDT-SK29, 35.620%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 16 | 16 | 1 |
| &nbsp;&nbsp;&nbsp; ZGDU-CJ14, 11.800%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 70 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZGE1-PM4Q, 29.620%, 3/22/2023 †x#^ | Affirm | 9/26/2022 | 67 | 69 | 5 |
| &nbsp;&nbsp;&nbsp; ZGE5-OWZE, 28.000%, 1/24/2023 †x#^ | Affirm | 1/27/2022 | 126 | 128 | 10 |
| &nbsp;&nbsp;&nbsp; ZGEK-G2US, 13.840%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 68 | 69 | 70 |
| &nbsp;&nbsp;&nbsp; ZGEM-D9AF, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 191 | 198 | 197 |
| &nbsp;&nbsp;&nbsp; ZGEP-VBKH, 35.390%, 1/08/2026 †x#^ | Affirm | 1/11/2024 | 442 | 445 | 35 |
| &nbsp;&nbsp;&nbsp; ZGEU-J2Z9, 29.350%, 1/03/2024 †x#^ | Affirm | 7/07/2023 | 68 | 70 | 5 |
| &nbsp;&nbsp;&nbsp; ZGF2-AORX, 29.760%, 10/03/2023 †x#^ | Affirm | 10/06/2022 | 130 | 134 | 10 |
| &nbsp;&nbsp;&nbsp; ZGFW-S7GC, 15.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 238 | 244 | 246 |
| &nbsp;&nbsp;&nbsp; ZGFZ-AGNT, 13.840%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 52 | 54 | 4 |
| &nbsp;&nbsp;&nbsp; ZGFZ-E1O3, 28.500%, 9/12/2023 †x#^ | Affirm | 9/15/2022 | 103 | 102 | 8 |
| &nbsp;&nbsp;&nbsp; ZGG6-0037, 23.700%, 11/01/2024 †x#^ | Affirm | 11/04/2022 | 891 | 965 | 71 |
| &nbsp;&nbsp;&nbsp; ZGGJ-Z9OA, 29.610%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 112 | 113 | 113 |
| &nbsp;&nbsp;&nbsp; ZGGP-JQ3L, 29.470%, 3/22/2026 †§x | Affirm | 1/16/2026 | 82 | 82 | 83 |
| &nbsp;&nbsp;&nbsp; ZGGY-9U1F, 33.050%, 4/08/2027 †x# | Affirm | 4/11/2024 | 2381 | 2444 | 191 |
| &nbsp;&nbsp;&nbsp; ZGH0-BV9B, 28.950%, 7/05/2025 †x#^ | Affirm | 1/11/2024 | 387 | 396 | 31 |
| &nbsp;&nbsp;&nbsp; ZGH6-C0YR, 35.750%, 4/02/2025 †x#^ | Affirm | 10/07/2024 | 412 | 425 | 33 |
| &nbsp;&nbsp;&nbsp; ZGHL-3SF0, 35.300%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 188 | 186 | 186 |
| &nbsp;&nbsp;&nbsp; ZGHW-MTBX, 33.950%, 12/12/2025 †x#^ | Affirm | 9/26/2025 | 13 | 13 | 1 |
| &nbsp;&nbsp;&nbsp; ZGHZ-Z2TO, 22.710%, 3/23/2026 †§x | Affirm | 9/26/2024 | 27 | 26 | 27 |
| &nbsp;&nbsp;&nbsp; ZGI6-9QK2, 29.600%, 12/19/2026 †§x# | Affirm | 12/27/2024 | 287 | 294 | 295 |
| &nbsp;&nbsp;&nbsp; ZGIH-UWP8, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 52 | 52 | 52 |
| &nbsp;&nbsp;&nbsp; ZGIR-KLOA, 29.580%, 4/21/2026 †§x# | Affirm | 10/24/2024 | 63 | 63 | 63 |
| &nbsp;&nbsp;&nbsp; ZGIY-BCFG, 31.000%, 12/22/2026 †§x | Affirm | 1/16/2026 | 348 | 364 | 370 |
| &nbsp;&nbsp;&nbsp; ZGJA-LB9L, 29.570%, 12/18/2027 †x# | Affirm | 6/21/2024 | 4459 | 4167 | 4126 |
| &nbsp;&nbsp;&nbsp; ZGJE-PJBA, 24.400%, 1/13/2027 †§x | Affirm | 1/29/2025 | 312 | 319 | 321 |
| &nbsp;&nbsp;&nbsp; ZGJU-ZNCB, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 39 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; ZGJY-GCB3, 35.490%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 52 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZGK9-X2TV, 35.610%, 8/13/2026 †x# | Affirm | 1/29/2025 | 497 | 495 | 496 |
| &nbsp;&nbsp;&nbsp; ZGL0-WUA0, 29.660%, 1/21/2028 †§x | Affirm | 2/13/2026 | 754 | 802 | 800 |
| &nbsp;&nbsp;&nbsp; ZGLI-WEZI, 18.000%, 9/24/2026 †§x | Affirm | 9/27/2024 | 421 | 428 | 429 |
| &nbsp;&nbsp;&nbsp; ZGLW-PHQL, 29.480%, 8/06/2026 †§x | Affirm | 8/29/2025 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; ZGME-GY4H, 33.100%, 11/20/2026 †§x | Affirm | 11/27/2024 | 228 | 228 | 232 |
| &nbsp;&nbsp;&nbsp; ZGMO-2FI3, 29.800%, 7/03/2024 †x#^ | Affirm | 1/06/2023 | 780 | 832 | 62 |
| &nbsp;&nbsp;&nbsp; ZGN5-D2CF, 33.500%, 7/08/2025 †x#^ | Affirm | 1/29/2025 | 141 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZGNC-FJH3, 9.820%, 3/22/2026 †§x | Affirm | 1/16/2026 | 90 | 91 | 90 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6030** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZGNH-8TKA, 32.500%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | $678 | $705 | $54 |
| &nbsp;&nbsp;&nbsp; ZGNU-H30A, 25.200%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 1477 | 1535 | 1514 |
| &nbsp;&nbsp;&nbsp; ZGO4-HCJZ, 29.540%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 82 | 82 | 7 |
| &nbsp;&nbsp;&nbsp; ZGOG-WR6A, 35.180%, 11/21/2024 †x#^ | Affirm | 5/24/2024 | 42 | 43 | 3 |
| &nbsp;&nbsp;&nbsp; ZGOU-SOR7, 32.500%, 7/22/2026 †§x | Affirm | 2/13/2026 | 267 | 272 | 272 |
| &nbsp;&nbsp;&nbsp; ZGP7-QHQY, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 98 | 98 | 99 |
| &nbsp;&nbsp;&nbsp; ZGPM-QRL5, 29.710%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 130 | 136 | 10 |
| &nbsp;&nbsp;&nbsp; ZGPW-U9AZ, 24.520%, 3/03/2026 †x# | Affirm | 3/28/2025 | 119 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; ZGQ0-RZ01, 29.620%, 12/22/2026 †§x | Affirm | 1/16/2026 | 189 | 197 | 200 |
| &nbsp;&nbsp;&nbsp; ZGQF-M9LU, 35.370%, 12/07/2024 †x#^ | Affirm | 12/11/2023 | 381 | 381 | 30 |
| &nbsp;&nbsp;&nbsp; ZGQI-42MY, 23.400%, 8/06/2026 †§x | Affirm | 8/29/2025 | 429 | 436 | 436 |
| &nbsp;&nbsp;&nbsp; ZGR8-E3JM, 35.490%, 7/08/2025 †x#^ | Affirm | 1/11/2024 | 1576 | 1576 | 126 |
| &nbsp;&nbsp;&nbsp; ZGRD-GE4B, 26.500%, 12/19/2023 †x#^ | Affirm | 12/22/2022 | 186 | 189 | 15 |
| &nbsp;&nbsp;&nbsp; ZGRR-XSLH, 29.610%, 12/09/2023 †x#^ | Affirm | 12/15/2022 | 103 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; ZGSM-SBO1, 26.900%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; ZGSN-8AG6, 32.500%, 3/21/2027 †x# | Affirm | 3/31/2025 | 720 | 713 | 35 |
| &nbsp;&nbsp;&nbsp; ZGSN-YMDV, 27.500%, 4/04/2023 †x#^ | Affirm | 4/07/2022 | 275 | 289 | 22 |
| &nbsp;&nbsp;&nbsp; ZGSV-16VW, 35.630%, 1/22/2027 †§x | Affirm | 2/13/2026 | 168 | 167 | 167 |
| &nbsp;&nbsp;&nbsp; ZGT3-2RHN, 33.050%, 9/28/2026 †x# | Affirm | 3/31/2025 | 386 | 412 | 31 |
| &nbsp;&nbsp;&nbsp; ZGTA-YHQT, 18.000%, 3/03/2026 †§x | Affirm | 3/28/2025 | 87 | 87 | 87 |
| &nbsp;&nbsp;&nbsp; ZGTG-XLHH, 29.000%, 5/28/2024 †x#^ | Affirm | 12/05/2022 | 205 | 218 | 16 |
| &nbsp;&nbsp;&nbsp; ZGTX-V4J9, 35.460%, 3/29/2024 †x#^ | Affirm | 10/05/2023 | 44 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; ZGU3-DWBD, 28.000%, 5/07/2024 †x#^ | Affirm | 11/10/2022 | 310 | 323 | 25 |
| &nbsp;&nbsp;&nbsp; ZGU4-LR9J, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 141 | 145 | 146 |
| &nbsp;&nbsp;&nbsp; ZGUA-25QU, 33.950%, 6/14/2026 †§x | Affirm | 6/21/2024 | 143 | 144 | 145 |
| &nbsp;&nbsp;&nbsp; ZGUB-3G9H, 6.061%, 7/08/2026 †§x« | Affirm | 7/31/2025 | 410 | 401 | 399 |
| &nbsp;&nbsp;&nbsp; ZGUE-I670, 15.690%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; ZGUW-JVQ2, 29.720%, 1/13/2024 †x#^ | Affirm | 1/20/2023 | 206 | 216 | 16 |
| &nbsp;&nbsp;&nbsp; ZGV3-41Q4, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 242 | 239 | 238 |
| &nbsp;&nbsp;&nbsp; ZGV8-L1HA, 13.840%, 1/02/2027 †§x | Affirm | 1/29/2025 | 1430 | 1460 | 1465 |
| &nbsp;&nbsp;&nbsp; ZGVE-A5F2, 35.300%, 3/20/2026 †x# | Affirm | 3/28/2025 | 1860 | 1936 | 149 |
| &nbsp;&nbsp;&nbsp; ZGVH-QP96, 22.750%, 7/22/2026 †§x | Affirm | 2/13/2026 | 781 | 800 | 802 |
| &nbsp;&nbsp;&nbsp; ZGVM-SDAZ, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 51 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZGVR-CIR5, 14.810%, 9/17/2026 †§x# | Affirm | 9/26/2024 | 557 | 539 | 549 |
| &nbsp;&nbsp;&nbsp; ZGVY-N3J1, 29.490%, 9/28/2026 †§x | Affirm | 3/31/2025 | 102 | 104 | 103 |
| &nbsp;&nbsp;&nbsp; ZGWD-96M5, 35.430%, 9/24/2024 †x#^ | Affirm | 6/27/2024 | 32 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; ZGWH-XTFE, 33.080%, 12/22/2026 †§x | Affirm | 1/16/2026 | 223 | 222 | 226 |
| &nbsp;&nbsp;&nbsp; ZGWL-04UV, 35.120%, 11/22/2024 †x#^ | Affirm | 5/28/2024 | 96 | 99 | 8 |
| &nbsp;&nbsp;&nbsp; ZGX0-5A5R, 30.950%, 6/02/2026 †§x | Affirm | 6/27/2025 | 106 | 108 | 107 |
| &nbsp;&nbsp;&nbsp; ZGX6-SY4Z, 35.530%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 124 | 123 | 125 |
| &nbsp;&nbsp;&nbsp; ZGXE-CPU5, 29.690%, 11/10/2023 †x#^ | Affirm | 11/17/2022 | 120 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; ZGXS-QCHV, 29.630%, 1/03/2024 †x#^ | Affirm | 1/06/2023 | 161 | 157 | 13 |
| &nbsp;&nbsp;&nbsp; ZGXY-O110, 15.710%, 1/03/2024 †x#^ | Affirm | 7/07/2023 | 166 | 171 | 13 |
| &nbsp;&nbsp;&nbsp; ZGY0-SF40, 35.330%, 5/06/2026 †§x | Affirm | 5/30/2025 | 62 | 63 | 62 |
| &nbsp;&nbsp;&nbsp; ZGY7-D7MA, 35.560%, 9/17/2025 †x#^ | Affirm | 9/26/2024 | 52 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZGY9-X60L, 15.820%, 1/22/2027 †§x | Affirm | 2/13/2026 | 77 | 81 | 82 |
| &nbsp;&nbsp;&nbsp; ZGYJ-K8L0, 13.840%, 6/02/2026 †§x | Affirm | 6/27/2025 | 45 | 45 | 45 |
| &nbsp;&nbsp;&nbsp; ZGYR-LSKC, 35.780%, 7/22/2026 †§x | Affirm | 2/13/2026 | 70 | 72 | 72 |
| &nbsp;&nbsp;&nbsp; ZGZI-RY36, 35.280%, 5/22/2024 †x#^ | Affirm | 5/25/2023 | 101 | 99 | 8 |
| &nbsp;&nbsp;&nbsp; ZGZN-KWTS, 35.460%, 8/06/2026 †§x | Affirm | 8/29/2025 | 35 | 35 | 34 |
| &nbsp;&nbsp;&nbsp; ZGZO-TGQ3, 22.900%, 3/09/2026 †§x | Affirm | 3/13/2023 | 46 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZGZQ-EN52, 29.800%, 2/27/2024 †x#^ | Affirm | 3/02/2023 | 172 | 167 | 14 |
| &nbsp;&nbsp;&nbsp; ZGZY-HXJM, 29.620%, 3/28/2024 †x#^ | Affirm | 10/03/2022 | 318 | 342 | 25 |
| &nbsp;&nbsp;&nbsp; ZH06-FJJ4, 32.500%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 101 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; ZH0F-N3X3, 29.680%, 11/28/2023 †x#^ | Affirm | 12/02/2022 | 47 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; ZH0F-RDOD, 15.740%, 5/06/2026 †§x | Affirm | 5/09/2024 | 257 | 259 | 258 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6031** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZH0H-ZOIC, 35.490%, 7/08/2026 †§x | Affirm | 7/31/2025 | $119 | $120 | $119 |
| &nbsp;&nbsp;&nbsp; ZH1E-KPVW, 29.560%, 10/28/2024 †x#^ | Affirm | 11/03/2022 | 187 | 204 | 15 |
| &nbsp;&nbsp;&nbsp; ZH1Q-UACG, 35.550%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 199 | 204 | 16 |
| &nbsp;&nbsp;&nbsp; ZH1W-KHM5, 29.620%, 12/22/2026 †§x | Affirm | 1/16/2026 | 153 | 160 | 162 |
| &nbsp;&nbsp;&nbsp; ZH22-I8OI, 35.400%, 6/14/2025 †x#^ | Affirm | 6/20/2023 | 1747 | 1743 | 140 |
| &nbsp;&nbsp;&nbsp; ZH2F-9193, 35.230%, 3/22/2026 †§x# | Affirm | 1/16/2026 | 38 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; ZH2J-SSZU, 35.810%, 7/22/2026 †§x | Affirm | 2/13/2026 | 69 | 70 | 71 |
| &nbsp;&nbsp;&nbsp; ZH2N-F3RF, 35.220%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 43 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZH2T-MRK9, 29.490%, 12/15/2024 †x#^ | Affirm | 6/20/2023 | 347 | 349 | 28 |
| &nbsp;&nbsp;&nbsp; ZH2Z-LJI5, 33.050%, 5/15/2026 †§x | Affirm | 11/27/2024 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; ZH35-W940, 23.400%, 4/21/2026 †x# | Affirm | 10/24/2024 | 366 | 382 | 29 |
| &nbsp;&nbsp;&nbsp; ZH4I-GG2I, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 97 | 102 | 102 |
| &nbsp;&nbsp;&nbsp; ZH4Y-BA8J, 15.840%, 6/02/2026 †§x | Affirm | 6/27/2025 | 275 | 278 | 278 |
| &nbsp;&nbsp;&nbsp; ZH52-F2OI, 22.760%, 6/22/2026 †§x | Affirm | 1/16/2026 | 126 | 128 | 129 |
| &nbsp;&nbsp;&nbsp; ZH5Q-18AU, 22.710%, 9/08/2027 †§x | Affirm | 9/26/2025 | 626 | 659 | 665 |
| &nbsp;&nbsp;&nbsp; ZH6A-MEGP, 15.770%, 8/20/2025 †x#^ | Affirm | 8/23/2024 | 148 | 154 | 12 |
| &nbsp;&nbsp;&nbsp; ZH6B-2ANX, 23.400%, 11/15/2026 †§x# | Affirm | 11/27/2024 | 2068 | 2109 | 2117 |
| &nbsp;&nbsp;&nbsp; ZH6N-9FQ1, 29.810%, 2/04/2023 †x#^ | Affirm | 2/10/2022 | 136 | 143 | 11 |
| &nbsp;&nbsp;&nbsp; ZH6N-U0VB, 16.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 47 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZH6U-KW9F, 29.620%, 9/23/2026 †§x# | Affirm | 9/26/2024 | 164 | 166 | 167 |
| &nbsp;&nbsp;&nbsp; ZH7K-VW2K, 29.540%, 6/28/2023 †x#^ | Affirm | 7/05/2022 | 32 | 31 | 3 |
| &nbsp;&nbsp;&nbsp; ZH8G-MS4T, 35.560%, 2/28/2025 †x#^ | Affirm | 3/04/2024 | 129 | 135 | 10 |
| &nbsp;&nbsp;&nbsp; ZH8J-LQB0, 29.560%, 8/06/2026 †§x | Affirm | 8/29/2025 | 25 | 25 | 25 |
| &nbsp;&nbsp;&nbsp; ZH8U-I9CI, 29.620%, 3/25/2025 †x#^ | Affirm | 9/30/2024 | 210 | 216 | 17 |
| &nbsp;&nbsp;&nbsp; ZH8W-S7YV, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 977 | 953 | 945 |
| &nbsp;&nbsp;&nbsp; ZH9D-Q789, 22.580%, 5/14/2026 †§x | Affirm | 5/30/2025 | 39 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; ZH9I-WFY2, 15.700%, 5/17/2023 †x#^ | Affirm | 5/20/2022 | 185 | 183 | 15 |
| &nbsp;&nbsp;&nbsp; ZH9K-ZQ9U, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 65 | 69 | 70 |
| &nbsp;&nbsp;&nbsp; ZH9U-5UV8, 33.050%, 7/08/2026 †§x | Affirm | 7/31/2025 | 606 | 619 | 621 |
| &nbsp;&nbsp;&nbsp; ZH9W-P0IZ, 35.320%, 5/06/2026 †§x | Affirm | 5/30/2025 | 112 | 112 | 111 |
| &nbsp;&nbsp;&nbsp; ZHA0-79KK, 35.760%, 3/03/2026 †x# | Affirm | 3/28/2025 | 151 | 158 | 13 |
| &nbsp;&nbsp;&nbsp; ZHA3-IA5N, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 34 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZHA7-SKB6, 33.050%, 9/08/2026 †§x | Affirm | 9/26/2025 | 67 | 70 | 70 |
| &nbsp;&nbsp;&nbsp; ZHAF-MOLX, 15.790%, 12/20/2026 †§x# | Affirm | 12/27/2024 | 901 | 921 | 926 |
| &nbsp;&nbsp;&nbsp; ZHAO-OJBI, 24.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1112 | 1154 | 1152 |
| &nbsp;&nbsp;&nbsp; ZHAR-N4QW, 35.170%, 7/01/2024 †x#^ | Affirm | 4/04/2024 | 68 | 69 | 5 |
| &nbsp;&nbsp;&nbsp; ZHBB-GDA8, 35.830%, 7/22/2026 †x | Affirm | 2/13/2026 | 44 | 44 | 45 |
| &nbsp;&nbsp;&nbsp; ZHBB-W1OD, 35.470%, 9/05/2024 †x#^ | Affirm | 9/08/2023 | 54 | 51 | 4 |
| &nbsp;&nbsp;&nbsp; ZHCI-K9VH, 15.810%, 9/08/2026 †§x | Affirm | 9/26/2025 | 239 | 238 | 239 |
| &nbsp;&nbsp;&nbsp; ZHDH-NI0T, 13.840%, 6/22/2026 †§x | Affirm | 1/16/2026 | 121 | 124 | 125 |
| &nbsp;&nbsp;&nbsp; ZHDH-QXH5, 29.450%, 5/06/2026 †§x | Affirm | 5/30/2025 | 41 | 41 | 41 |
| &nbsp;&nbsp;&nbsp; ZHDJ-G9NV, 29.960%, 7/22/2026 †§x | Affirm | 2/13/2026 | 43 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; ZHDY-1ZDZ, 33.950%, 8/23/2025 †x#^ | Affirm | 8/29/2024 | 121 | 128 | 10 |
| &nbsp;&nbsp;&nbsp; ZHDZ-Z3DD, 33.290%, 2/06/2026 †§x^ | Affirm | 2/26/2025 | 13 | 13 | 2 |
| &nbsp;&nbsp;&nbsp; ZHE6-48O3, 33.950%, 5/15/2025 †x#^ | Affirm | 11/27/2024 | 74 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZHEI-91NE, 29.650%, 5/20/2026 †§x | Affirm | 11/27/2024 | 117 | 118 | 118 |
| &nbsp;&nbsp;&nbsp; ZHF4-VOCE, 29.410%, 3/06/2024 †x#^ | Affirm | 3/09/2023 | 487 | 507 | 39 |
| &nbsp;&nbsp;&nbsp; ZHFI-NPW1, 29.550%, 4/17/2026 †§x | Affirm | 4/22/2024 | 68 | 68 | 69 |
| &nbsp;&nbsp;&nbsp; ZHFO-9JOT, 35.510%, 6/22/2026 †§x | Affirm | 1/16/2026 | 59 | 60 | 60 |
| &nbsp;&nbsp;&nbsp; ZHFS-ATCR, 35.610%, 9/08/2026 †§x | Affirm | 9/26/2025 | 81 | 81 | 81 |
| &nbsp;&nbsp;&nbsp; ZHGD-L1GP, 32.000%, 3/20/2026 †§x | Affirm | 3/28/2025 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZHGI-CEH4, 11.870%, 1/22/2027 †§x | Affirm | 2/13/2026 | 99 | 102 | 103 |
| &nbsp;&nbsp;&nbsp; ZHGM-WS19, 29.620%, 3/24/2026 †§x | Affirm | 9/27/2024 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZHH3-3ZDF, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 238 | 239 | 241 |
| &nbsp;&nbsp;&nbsp; ZHH9-7U4E, 35.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 41 | 41 | 41 |
| &nbsp;&nbsp;&nbsp; ZHHD-5IW2, 35.430%, 6/02/2026 †§x | Affirm | 6/27/2025 | 257 | 259 | 258 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6032** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZHHE-OT04, 24.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | $650 | $672 | $676 |
| &nbsp;&nbsp;&nbsp; ZHHF-7983, 29.650%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 48 | 49 | 4 |
| &nbsp;&nbsp;&nbsp; ZHI9-MV6T, 29.500%, 3/26/2027 †§x# | Affirm | 4/22/2025 | 473 | 487 | 490 |
| &nbsp;&nbsp;&nbsp; ZHIP-EQ62, 32.500%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 132 | 130 | 130 |
| &nbsp;&nbsp;&nbsp; ZHIP-SZSA, 35.380%, 1/22/2025 †x#^ | Affirm | 11/27/2023 | 172 | 172 | 14 |
| &nbsp;&nbsp;&nbsp; ZHIZ-XWE0, 15.830%, 11/25/2023 †x#^ | Affirm | 12/01/2022 | 108 | 113 | 9 |
| &nbsp;&nbsp;&nbsp; ZHJ3-FCU3, 29.470%, 3/22/2026 †§x# | Affirm | 1/16/2026 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; ZHJM-S8FH, 33.080%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 155 | 159 | 160 |
| &nbsp;&nbsp;&nbsp; ZHJX-P01A, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 224 | 236 | 239 |
| &nbsp;&nbsp;&nbsp; ZHK7-AF2B, 35.860%, 7/22/2026 †§x | Affirm | 2/13/2026 | 33 | 33 | 33 |
| &nbsp;&nbsp;&nbsp; ZHKA-3S6O, 29.000%, 11/18/2023 †x#^ | Affirm | 11/25/2022 | 158 | 155 | 13 |
| &nbsp;&nbsp;&nbsp; ZHKC-EJEX, 15.820%, 6/22/2026 †§x | Affirm | 1/16/2026 | 295 | 300 | 303 |
| &nbsp;&nbsp;&nbsp; ZHKN-HMCL, 35.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZHL4-9OOX, 29.820%, 2/07/2023 †x#^ | Affirm | 2/10/2022 | 136 | 135 | 11 |
| &nbsp;&nbsp;&nbsp; ZHLF-Y6CW, 18.000%, 6/02/2026 †§x | Affirm | 6/27/2025 | 223 | 225 | 225 |
| &nbsp;&nbsp;&nbsp; ZHM9-U84U, 29.570%, 4/11/2024 †x#^ | Affirm | 10/14/2022 | 223 | 238 | 18 |
| &nbsp;&nbsp;&nbsp; ZHMG-RWN0, 35.270%, 12/24/2024 †x#^ | Affirm | 6/27/2024 | 73 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZHMQ-I27Z, 24.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 339 | 347 | 350 |
| &nbsp;&nbsp;&nbsp; ZHN8-ISZP, 35.310%, 3/20/2026 †§x | Affirm | 3/28/2025 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; ZHN9-SXHU, 35.810%, 2/07/2027 †x# | Affirm | 2/26/2025 | 1043 | 1028 | 83 |
| &nbsp;&nbsp;&nbsp; ZHNP-NQ36, 29.710%, 1/05/2023 †x#^ | Affirm | 1/10/2022 | 79 | 83 | 6 |
| &nbsp;&nbsp;&nbsp; ZHO2-RX16, 23.400%, 6/02/2026 †§x | Affirm | 6/27/2025 | 133 | 134 | 134 |
| &nbsp;&nbsp;&nbsp; ZHOD-5UML, 29.880%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 53 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZHOF-QRWB, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 51 | 51 | 51 |
| &nbsp;&nbsp;&nbsp; ZHOJ-M261, 29.530%, 9/01/2025 †x#^ | Affirm | 9/08/2023 | 974 | 1040 | 78 |
| &nbsp;&nbsp;&nbsp; ZHOO-412B, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 154 | 158 | 158 |
| &nbsp;&nbsp;&nbsp; ZHOQ-30R2, 35.300%, 3/04/2025 †x#^ | Affirm | 3/07/2024 | 614 | 555 | 49 |
| &nbsp;&nbsp;&nbsp; ZHP8-AELD, 29.570%, 12/21/2024 †x#^ | Affirm | 12/27/2022 | 514 | 543 | 41 |
| &nbsp;&nbsp;&nbsp; ZHP8-HFNJ, 33.950%, 1/09/2026 †x#^ | Affirm | 1/29/2025 | 351 | 361 | 28 |
| &nbsp;&nbsp;&nbsp; ZHPE-7SMM, 29.440%, 5/10/2023 †x#^ | Affirm | 5/19/2022 | 87 | 90 | 7 |
| &nbsp;&nbsp;&nbsp; ZHPG-2UI2, 29.550%, 4/03/2025 †x#^ | Affirm | 10/06/2023 | 297 | 296 | 24 |
| &nbsp;&nbsp;&nbsp; ZHPL-ZQS6, 33.050%, 12/09/2025 †x#^ | Affirm | 12/27/2024 | 72 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZHPY-OFNZ, 29.590%, 10/02/2026 †§x | Affirm | 10/05/2023 | 398 | 403 | 400 |
| &nbsp;&nbsp;&nbsp; ZHQ7-BHDV, 11.790%, 5/28/2026 †§x# | Affirm | 6/02/2023 | 141 | 142 | 142 |
| &nbsp;&nbsp;&nbsp; ZHQ8-RGSJ, 33.950%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 134 | 140 | 141 |
| &nbsp;&nbsp;&nbsp; ZHQK-8BIS, 29.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 86 | 88 | 89 |
| &nbsp;&nbsp;&nbsp; ZHQM-TH3X, 32.000%, 10/28/2026 †x# | Affirm | 10/31/2024 | 2014 | 2100 | 161 |
| &nbsp;&nbsp;&nbsp; ZHQN-5JCP, 27.500%, 3/28/2024 †x#^ | Affirm | 10/03/2022 | 389 | 417 | 31 |
| &nbsp;&nbsp;&nbsp; ZHRM-M9PL, 30.000%, 12/29/2024 †x#^ | Affirm | 7/07/2023 | 138 | 148 | 11 |
| &nbsp;&nbsp;&nbsp; ZHRN-P0J9, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 368 | 380 | 380 |
| &nbsp;&nbsp;&nbsp; ZHRU-MRFV, 35.380%, 8/08/2024 †x#^ | Affirm | 8/11/2023 | 2805 | 2793 | 224 |
| &nbsp;&nbsp;&nbsp; ZHRV-D4WJ, 7.920%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1010 | 1046 | 1054 |
| &nbsp;&nbsp;&nbsp; ZHSQ-GRZC, 29.560%, 9/27/2025 †x#^ | Affirm | 10/02/2023 | 536 | 543 | 43 |
| &nbsp;&nbsp;&nbsp; ZHT5-9EKT, 35.650%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 42 | 43 | 3 |
| &nbsp;&nbsp;&nbsp; ZHT9-JYK7, 24.400%, 6/22/2026 †§x | Affirm | 1/16/2026 | 195 | 199 | 201 |
| &nbsp;&nbsp;&nbsp; ZHTB-E9K5, 33.950%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 150 | 158 | 12 |
| &nbsp;&nbsp;&nbsp; ZHTJ-D6HO, 22.770%, 2/10/2027 †§x# | Affirm | 2/26/2025 | 509 | 523 | 527 |
| &nbsp;&nbsp;&nbsp; ZHTO-B0GE, 29.480%, 2/25/2025 †x#^ | Affirm | 8/31/2023 | 262 | 260 | 21 |
| &nbsp;&nbsp;&nbsp; ZHTT-P1LJ, 33.950%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 252 | 266 | 20 |
| &nbsp;&nbsp;&nbsp; ZHTX-SMC3, 15.840%, 6/02/2026 †§x | Affirm | 6/27/2025 | 240 | 243 | 243 |
| &nbsp;&nbsp;&nbsp; ZHUC-V3TQ, 15.790%, 3/23/2026 †x# | Affirm | 9/26/2024 | 259 | 273 | 21 |
| &nbsp;&nbsp;&nbsp; ZHUL-77D8, 29.500%, 10/20/2024 †x#^ | Affirm | 4/27/2023 | 48 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; ZHUX-OUVS, 29.710%, 1/27/2023 †x#^ | Affirm | 1/31/2022 | 46 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZHV4-BCE2, 5.509%, 11/30/2022 †x#^« | Affirm | 6/03/2022 | 99 | 96 | 8 |
| &nbsp;&nbsp;&nbsp; ZHVA-S8RL, 35.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; ZHW1-THYD, 29.000%, 5/28/2023 †x#^ | Affirm | 12/03/2021 | 145 | 153 | 12 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6033** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZHWH-4PZP, 35.460%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | $65 | $68 | $5 |
| &nbsp;&nbsp;&nbsp; ZHWN-S0CS, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 2538 | 2548 | 2553 |
| &nbsp;&nbsp;&nbsp; ZHWP-WZ9V, 29.710%, 2/12/2027 †x# | Affirm | 2/26/2025 | 551 | 585 | 120 |
| &nbsp;&nbsp;&nbsp; ZHXB-JVU6, 29.640%, 5/28/2024 †x#^ | Affirm | 12/05/2022 | 397 | 415 | 32 |
| &nbsp;&nbsp;&nbsp; ZHXF-AL4E, 35.470%, 1/10/2025 †x#^ | Affirm | 1/16/2024 | 165 | 165 | 13 |
| &nbsp;&nbsp;&nbsp; ZHXS-Q8DI, 30.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 341 | 334 | 27 |
| &nbsp;&nbsp;&nbsp; ZHXX-UC0B, 10.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 73 | 74 | 73 |
| &nbsp;&nbsp;&nbsp; ZHXZ-ON7B, 35.310%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 38 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZHXZ-QJ63, 35.440%, 6/02/2026 †§x | Affirm | 6/27/2025 | 25 | 26 | 25 |
| &nbsp;&nbsp;&nbsp; ZHY1-Y80T, 29.590%, 6/09/2024 †x#^ | Affirm | 12/15/2022 | 29 | 31 | 2 |
| &nbsp;&nbsp;&nbsp; ZHY6-4M7I, 35.560%, 9/08/2026 †§x | Affirm | 9/26/2025 | 100 | 102 | 102 |
| &nbsp;&nbsp;&nbsp; ZHY9-5UNB, 32.500%, 9/08/2026 †x# | Affirm | 9/26/2025 | 311 | 321 | 16 |
| &nbsp;&nbsp;&nbsp; ZHYV-TKS0, 20.900%, 7/08/2026 †§x | Affirm | 7/31/2025 | 61 | 63 | 63 |
| &nbsp;&nbsp;&nbsp; ZHZA-GGBH, 35.330%, 3/22/2026 †§x | Affirm | 1/16/2026 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; ZHZF-P6AC, 32.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 523 | 546 | 42 |
| &nbsp;&nbsp;&nbsp; ZHZJ-HKT4, 31.450%, 8/21/2026 †x# | Affirm | 8/29/2024 | 2538 | 2457 | 2517 |
| &nbsp;&nbsp;&nbsp; ZHZR-EKYV, 30.990%, 1/03/2024 †x#^ | Affirm | 1/06/2023 | 164 | 167 | 13 |
| &nbsp;&nbsp;&nbsp; ZHZW-1XI5, 35.420%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 55 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; ZHZZ-BU5Q, 33.050%, 3/23/2026 †§x | Affirm | 9/26/2024 | 138 | 138 | 138 |
| &nbsp;&nbsp;&nbsp; ZI02-1DZA, 13.840%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1019 | 1069 | 1070 |
| &nbsp;&nbsp;&nbsp; ZI06-Z2BK, 22.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 287 | 297 | 297 |
| &nbsp;&nbsp;&nbsp; ZI0B-IQNC, 35.340%, 6/27/2025 †x#^ | Affirm | 7/01/2024 | 311 | 323 | 25 |
| &nbsp;&nbsp;&nbsp; ZI0N-H69N, 24.400%, 10/25/2026 †§x | Affirm | 10/31/2024 | 925 | 942 | 946 |
| &nbsp;&nbsp;&nbsp; ZI0N-KVVI, 35.200%, 12/02/2025 †x#^ | Affirm | 6/27/2025 | 95 | 97 | 10 |
| &nbsp;&nbsp;&nbsp; ZI0P-PRGB, 29.650%, 5/15/2026 †§x | Affirm | 11/27/2024 | 119 | 120 | 121 |
| &nbsp;&nbsp;&nbsp; ZI1G-ECYU, 35.670%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 48 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZI1K-2IBQ, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 60 | 60 | 61 |
| &nbsp;&nbsp;&nbsp; ZI1K-D58U, 29.680%, 7/21/2027 †§x | Affirm | 2/13/2026 | 402 | 429 | 429 |
| &nbsp;&nbsp;&nbsp; ZI1L-M0ZE, 30.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 97 | 100 | 100 |
| &nbsp;&nbsp;&nbsp; ZI1M-KXGP, 22.750%, 1/02/2029 †§x# | Affirm | 1/29/2025 | 1389 | 1474 | 1476 |
| &nbsp;&nbsp;&nbsp; ZI1M-M88E, 29.860%, 7/18/2023 †x#^ | Affirm | 1/23/2023 | 74 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZI1N-2HGV, 15.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 305 | 317 | 317 |
| &nbsp;&nbsp;&nbsp; ZI1U-D3GH, 35.870%, 4/22/2026 †§x | Affirm | 2/13/2026 | 154 | 151 | 155 |
| &nbsp;&nbsp;&nbsp; ZI2B-8I7D, 35.870%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 704 | 707 | 710 |
| &nbsp;&nbsp;&nbsp; ZI2Q-4BY1, 29.500%, 3/26/2027 †§x# | Affirm | 4/22/2025 | 605 | 619 | 632 |
| &nbsp;&nbsp;&nbsp; ZI2V-1SRF, 29.640%, 4/04/2023 †x#^ | Affirm | 4/07/2022 | 66 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZI3W-G641, 35.530%, 6/01/2024 †x#^ | Affirm | 6/05/2023 | 822 | 765 | 66 |
| &nbsp;&nbsp;&nbsp; ZI47-LMSP, 15.800%, 3/20/2026 †§x | Affirm | 9/26/2024 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZI5J-TUTX, 29.610%, 6/24/2027 †§x | Affirm | 1/16/2026 | 365 | 388 | 394 |
| &nbsp;&nbsp;&nbsp; ZI5R-794Y, 35.580%, 2/22/2025 †x#^ | Affirm | 2/26/2024 | 212 | 212 | 17 |
| &nbsp;&nbsp;&nbsp; ZI62-B5B9, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 32 | 33 | 33 |
| &nbsp;&nbsp;&nbsp; ZI7B-O44B, 35.470%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 957 | 905 | 77 |
| &nbsp;&nbsp;&nbsp; ZI7D-I079, 29.490%, 4/24/2024 †x#^ | Affirm | 4/27/2023 | 421 | 424 | 34 |
| &nbsp;&nbsp;&nbsp; ZI89-NSJG, 35.580%, 1/13/2027 †x# | Affirm | 1/29/2025 | 442 | 439 | 78 |
| &nbsp;&nbsp;&nbsp; ZI8F-BX7L, 26.700%, 3/03/2026 †§x | Affirm | 3/28/2025 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZI8M-05TA, 33.950%, 6/20/2026 †§x | Affirm | 12/27/2024 | 93 | 94 | 94 |
| &nbsp;&nbsp;&nbsp; ZI8T-7JFB, 23.400%, 8/10/2026 †§x | Affirm | 2/26/2025 | 144 | 146 | 146 |
| &nbsp;&nbsp;&nbsp; ZI98-1PQ3, 35.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 33 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZI9F-X0F9, 35.780%, 7/22/2026 †§x | Affirm | 2/13/2026 | 48 | 48 | 49 |
| &nbsp;&nbsp;&nbsp; ZIA5-OJGO, 15.810%, 6/22/2026 †§x | Affirm | 1/16/2026 | 57 | 58 | 59 |
| &nbsp;&nbsp;&nbsp; ZIA5-WOI2, 22.750%, 4/21/2026 †§x | Affirm | 10/25/2024 | 103 | 104 | 104 |
| &nbsp;&nbsp;&nbsp; ZIAC-YNNZ, 29.550%, 12/17/2025 †x#^ | Affirm | 6/21/2024 | 285 | 296 | 23 |
| &nbsp;&nbsp;&nbsp; ZIAY-C96R, 19.700%, 4/22/2026 †§x | Affirm | 2/13/2026 | 76 | 76 | 77 |
| &nbsp;&nbsp;&nbsp; ZIB1-USSA, 33.080%, 12/10/2025 †x#^ | Affirm | 12/27/2024 | 105 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; ZIBB-N8WF, 29.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 168 | 169 | 171 |
| &nbsp;&nbsp;&nbsp; ZIBC-TUFT, 22.770%, 1/22/2027 †§x | Affirm | 2/13/2026 | 585 | 616 | 617 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6034** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZIBD-5G1X, 24.750%, 1/22/2027 †§x# | Affirm | 2/13/2026 | $146 | $151 | $153 |
| &nbsp;&nbsp;&nbsp; ZIBE-IPBM, 35.360%, 5/06/2027 †§x | Affirm | 5/30/2025 | 553 | 548 | 555 |
| &nbsp;&nbsp;&nbsp; ZIBE-ODWH, 28.000%, 7/22/2023 †x#^ | Affirm | 7/28/2022 | 202 | 209 | 16 |
| &nbsp;&nbsp;&nbsp; ZIBO-33Y8, 26.700%, 4/17/2026 †§x | Affirm | 4/22/2024 | 164 | 165 | 165 |
| &nbsp;&nbsp;&nbsp; ZIBU-T9OC, 31.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 1065 | 1113 | 85 |
| &nbsp;&nbsp;&nbsp; ZIBX-YLBG, 29.810%, 2/21/2024 †x#^ | Affirm | 2/24/2023 | 1904 | 1979 | 152 |
| &nbsp;&nbsp;&nbsp; ZIC0-XYIP, 29.660%, 9/08/2026 †§x | Affirm | 9/26/2025 | 72 | 73 | 74 |
| &nbsp;&nbsp;&nbsp; ZIC2-RLVM, 35.310%, 5/06/2026 †§x | Affirm | 5/30/2025 | 42 | 41 | 41 |
| &nbsp;&nbsp;&nbsp; ZICN-YBHI, 15.750%, 6/20/2025 †x#^ | Affirm | 6/24/2024 | 1619 | 1683 | 130 |
| &nbsp;&nbsp;&nbsp; ZID0-9N1Z, 31.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 354 | 372 | 372 |
| &nbsp;&nbsp;&nbsp; ZID5-YB1Q, 13.840%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 141 | 142 | 142 |
| &nbsp;&nbsp;&nbsp; ZIDG-OMV7, 32.000%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZIDN-GBX9, 35.460%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 201 | 203 | 16 |
| &nbsp;&nbsp;&nbsp; ZIDO-L3LN, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 147 | 152 | 152 |
| &nbsp;&nbsp;&nbsp; ZIDQ-WAUZ, 31.500%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 116 | 115 | 3 |
| &nbsp;&nbsp;&nbsp; ZIE3-DN0Y, 35.450%, 9/23/2026 †x# | Affirm | 9/26/2024 | 315 | 311 |  |
| &nbsp;&nbsp;&nbsp; ZIEL-557X, 35.550%, 1/22/2027 †§x | Affirm | 2/13/2026 | 344 | 342 | 343 |
| &nbsp;&nbsp;&nbsp; ZIEQ-5469, 29.540%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 96 | 97 | 97 |
| &nbsp;&nbsp;&nbsp; ZIF5-W5AX, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 112 | 113 | 114 |
| &nbsp;&nbsp;&nbsp; ZIFP-KP5J, 25.900%, 6/02/2026 †§x | Affirm | 6/27/2025 | 57 | 57 | 58 |
| &nbsp;&nbsp;&nbsp; ZIFZ-IX3V, 15.810%, 2/23/2025 †x#^ | Affirm | 2/29/2024 | 162 | 170 | 13 |
| &nbsp;&nbsp;&nbsp; ZIFZ-WHKC, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 102 | 107 | 107 |
| &nbsp;&nbsp;&nbsp; ZIGW-UTPO, 35.580%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 512 | 533 | 41 |
| &nbsp;&nbsp;&nbsp; ZIH9-506F, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 484 | 499 | 499 |
| &nbsp;&nbsp;&nbsp; ZIHC-K2XH, 29.030%, 7/03/2026 †x# | Affirm | 7/07/2023 | 391 | 424 | 31 |
| &nbsp;&nbsp;&nbsp; ZIHD-TSRO, 24.400%, 7/21/2027 †§x | Affirm | 2/13/2026 | 267 | 280 | 282 |
| &nbsp;&nbsp;&nbsp; ZIHN-5QSF, 35.950%, 4/14/2026 †§x | Affirm | 2/13/2026 | 181 | 172 | 177 |
| &nbsp;&nbsp;&nbsp; ZIHV-AZ5G, 29.670%, 2/24/2025 †x#^ | Affirm | 3/02/2023 | 562 | 578 | 45 |
| &nbsp;&nbsp;&nbsp; ZII5-HKJC, 29.350%, 11/28/2023 †x#^ | Affirm | 8/31/2023 | 74 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZII5-VHXK, 29.960%, 7/22/2026 †§x | Affirm | 2/13/2026 | 50 | 51 | 52 |
| &nbsp;&nbsp;&nbsp; ZII6-2UMQ, 29.560%, 8/09/2023 †x#^ | Affirm | 8/12/2022 | 112 | 110 | 9 |
| &nbsp;&nbsp;&nbsp; ZII8-VKPK, 21.900%, 3/03/2026 †§x | Affirm | 3/28/2025 | 59 | 59 | 59 |
| &nbsp;&nbsp;&nbsp; ZIIG-WPYJ, 28.200%, 9/28/2026 †x# | Affirm | 10/02/2023 | 2117 | 2230 | 169 |
| &nbsp;&nbsp;&nbsp; ZIIK-T6MN, 29.530%, 6/20/2025 †x#^ | Affirm | 6/24/2024 | 190 | 201 | 15 |
| &nbsp;&nbsp;&nbsp; ZIIR-LFUU, 18.000%, 3/22/2026 †§x# | Affirm | 1/16/2026 | 43 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZIJI-BPZA, 33.950%, 6/02/2026 †§x | Affirm | 6/27/2025 | 60 | 61 | 61 |
| &nbsp;&nbsp;&nbsp; ZIJJ-RUR6, 21.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 227 | 233 | 234 |
| &nbsp;&nbsp;&nbsp; ZIJO-MNRH, 29.430%, 3/07/2023 †x#^ | Affirm | 3/10/2022 | 95 | 94 | 8 |
| &nbsp;&nbsp;&nbsp; ZIJS-X3HF, 33.050%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 41 | 41 | 41 |
| &nbsp;&nbsp;&nbsp; ZIK6-USOI, 32.500%, 6/24/2026 †§x | Affirm | 6/27/2024 | 163 | 163 | 165 |
| &nbsp;&nbsp;&nbsp; ZIL3-LBIY, 33.050%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 256 | 262 | 262 |
| &nbsp;&nbsp;&nbsp; ZILJ-OUCG, 29.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 112 | 114 | 115 |
| &nbsp;&nbsp;&nbsp; ZIM3-WETE, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 976 | 1007 | 1007 |
| &nbsp;&nbsp;&nbsp; ZIMG-YRPW, 24.400%, 3/08/2027 †§x | Affirm | 9/26/2025 | 416 | 431 | 433 |
| &nbsp;&nbsp;&nbsp; ZIMM-VQEB, 29.690%, 7/21/2027 †§x# | Affirm | 2/13/2026 | 245 | 257 | 258 |
| &nbsp;&nbsp;&nbsp; ZINL-2E6Y, 15.860%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 81 | 83 | 7 |
| &nbsp;&nbsp;&nbsp; ZINM-NRQ8, 29.460%, 3/28/2025 †x#^ | Affirm | 4/03/2023 | 711 | 732 | 57 |
| &nbsp;&nbsp;&nbsp; ZIOI-2K17, 26.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 37 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZION-NZ50, 26.500%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 229 | 239 | 18 |
| &nbsp;&nbsp;&nbsp; ZIP4-J6UX, 29.560%, 3/27/2024 †x#^ | Affirm | 10/02/2023 | 18 | 18 | 1 |
| &nbsp;&nbsp;&nbsp; ZIPJ-ZECJ, 29.540%, 3/07/2025 †x#^ | Affirm | 9/11/2023 | 207 | 221 | 17 |
| &nbsp;&nbsp;&nbsp; ZIPX-919M, 35.560%, 3/20/2025 †x#^ | Affirm | 2/23/2024 | 121 | 122 | 10 |
| &nbsp;&nbsp;&nbsp; ZIQ7-2UH2, 23.400%, 11/15/2026 †§x | Affirm | 11/27/2024 | 333 | 340 | 341 |
| &nbsp;&nbsp;&nbsp; ZIQT-FK1V, 25.900%, 7/08/2026 †§x | Affirm | 7/31/2025 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZIR0-SMEJ, 35.380%, 8/29/2024 †x#^ | Affirm | 9/01/2023 | 56 | 56 | 4 |
| &nbsp;&nbsp;&nbsp; ZIRD-D22A, 33.050%, 9/20/2025 †x#^ | Affirm | 3/28/2025 | 111 | 114 | 9 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6035** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZIRD-WVVG, 15.770%, 7/03/2025 †x#^ | Affirm | 7/07/2023 | $600 | $607 | $48 |
| &nbsp;&nbsp;&nbsp; ZIRS-MOS1, 29.000%, 7/18/2023 †x#^ | Affirm | 7/21/2022 | 337 | 333 | 27 |
| &nbsp;&nbsp;&nbsp; ZIRX-QSQ2, 35.460%, 8/23/2025 †x#^ | Affirm | 8/29/2024 | 89 | 90 | 7 |
| &nbsp;&nbsp;&nbsp; ZIS1-W2AC, 33.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 278 | 279 | 279 |
| &nbsp;&nbsp;&nbsp; ZIS3-TARP, 15.690%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 167 | 167 | 168 |
| &nbsp;&nbsp;&nbsp; ZISF-Q6VL, 35.440%, 7/01/2025 †x#^ | Affirm | 7/05/2024 | 446 | 463 | 36 |
| &nbsp;&nbsp;&nbsp; ZISG-B82Z, 26.700%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1074 | 1113 | 1116 |
| &nbsp;&nbsp;&nbsp; ZISR-GJU6, 26.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 215 | 226 | 229 |
| &nbsp;&nbsp;&nbsp; ZIT4-VLVV, 35.420%, 4/15/2025 †x#^ | Affirm | 4/18/2024 | 382 | 383 | 31 |
| &nbsp;&nbsp;&nbsp; ZITA-NDPT, 29.660%, 6/20/2023 †x#^ | Affirm | 12/23/2022 | 268 | 268 | 21 |
| &nbsp;&nbsp;&nbsp; ZITK-UODN, 4.434%, 2/03/2023 †x#^« | Affirm | 2/07/2022 | 1355 | 1298 | 108 |
| &nbsp;&nbsp;&nbsp; ZITR-NRQ9, 15.830%, 1/22/2027 †§x | Affirm | 2/13/2026 | 248 | 256 | 259 |
| &nbsp;&nbsp;&nbsp; ZIU1-MI8G, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 159 | 167 | 167 |
| &nbsp;&nbsp;&nbsp; ZIV5-Q41A, 35.540%, 3/08/2026 †§x | Affirm | 9/26/2025 | 148 | 148 | 59 |
| &nbsp;&nbsp;&nbsp; ZIV6-S71Z, 23.400%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 74 | 74 | 74 |
| &nbsp;&nbsp;&nbsp; ZIV7-157X, 26.500%, 7/12/2023 †x#^ | Affirm | 7/15/2022 | 76 | 79 | 6 |
| &nbsp;&nbsp;&nbsp; ZIV9-5ZVM, 35.310%, 3/20/2026 †x# | Affirm | 3/28/2025 | 95 | 94 |  |
| &nbsp;&nbsp;&nbsp; ZIVJ-Z9GP, 35.590%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 69 | 69 | 6 |
| &nbsp;&nbsp;&nbsp; ZIVN-SZFY, 32.000%, 10/14/2023 †x#^ | Affirm | 10/20/2022 | 199 | 209 | 16 |
| &nbsp;&nbsp;&nbsp; ZIVT-7W56, 18.000%, 7/21/2027 †§x | Affirm | 2/13/2026 | 262 | 275 | 275 |
| &nbsp;&nbsp;&nbsp; ZIW6-SV8T, 29.490%, 9/07/2025 †x#^ | Affirm | 3/11/2024 | 191 | 201 | 15 |
| &nbsp;&nbsp;&nbsp; ZIWC-QG41, 18.000%, 8/06/2026 †§x | Affirm | 8/29/2025 | 80 | 81 | 81 |
| &nbsp;&nbsp;&nbsp; ZIWE-JARX, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1540 | 1590 | 1590 |
| &nbsp;&nbsp;&nbsp; ZIX1-ZU4U, 35.210%, 3/03/2026 †§x | Affirm | 3/28/2025 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; ZIXA-0ZBN, 35.420%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 49 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZIXF-Y11M, 22.200%, 6/19/2023 †x#^ | Affirm | 12/22/2022 | 64 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZIXN-IBUY, 35.490%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 587 | 610 | 47 |
| &nbsp;&nbsp;&nbsp; ZIXO-RGWW, 30.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 28 | 28 | 29 |
| &nbsp;&nbsp;&nbsp; ZIXR-FHXZ, 29.710%, 1/24/2023 †x#^ | Affirm | 1/27/2022 | 72 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZIXZ-O5HN, 29.540%, 6/28/2023 †x#^ | Affirm | 7/01/2022 | 187 | 194 | 15 |
| &nbsp;&nbsp;&nbsp; ZIYF-V5VV, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 324 | 318 | 26 |
| &nbsp;&nbsp;&nbsp; ZIYM-AY4J, 13.943%, 3/28/2025 †x#^« | Affirm | 10/03/2024 | 1220 | 1146 | 98 |
| &nbsp;&nbsp;&nbsp; ZIYM-WGGM, 24.400%, 1/03/2029 †x | Affirm | 1/29/2025 | 2336 | 2481 | 2492 |
| &nbsp;&nbsp;&nbsp; ZIYX-R2UG, 33.050%, 2/28/2026 †x#^ | Affirm | 1/29/2025 | 106 | 106 | 106 |
| &nbsp;&nbsp;&nbsp; ZIZ4-I8F0, 35.290%, 3/22/2026 †x | Affirm | 1/16/2026 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; ZIZ5-6A46, 35.990%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 893 | 898 | 71 |
| &nbsp;&nbsp;&nbsp; ZIZ6-KU09, 35.260%, 2/26/2025 †x#^ | Affirm | 8/29/2024 | 304 | 311 | 24 |
| &nbsp;&nbsp;&nbsp; ZIZE-GY2F, 33.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 200 | 196 | 16 |
| &nbsp;&nbsp;&nbsp; ZIZJ-1XOO, 35.370%, 8/07/2024 †x#^ | Affirm | 8/10/2023 | 166 | 165 | 13 |
| &nbsp;&nbsp;&nbsp; ZIZN-TOO7, 35.360%, 4/15/2026 †§x | Affirm | 4/18/2024 | 123 | 123 | 124 |
| &nbsp;&nbsp;&nbsp; ZIZP-20MB, 28.000%, 5/07/2023 †x#^ | Affirm | 11/10/2022 | 237 | 242 | 19 |
| &nbsp;&nbsp;&nbsp; ZIZX-QU25, 35.440%, 6/28/2025 †x#^ | Affirm | 7/05/2024 | 260 | 262 | 21 |
| &nbsp;&nbsp;&nbsp; ZJ0E-PZVQ, 35.590%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 89 | 88 | 89 |
| &nbsp;&nbsp;&nbsp; ZJ0N-ESJL, 28.500%, 2/15/2024 †x#^ | Affirm | 8/18/2022 | 173 | 181 | 14 |
| &nbsp;&nbsp;&nbsp; ZJ0S-F7XI, 33.050%, 5/06/2026 †§x | Affirm | 5/30/2025 | 147 | 148 | 148 |
| &nbsp;&nbsp;&nbsp; ZJ0U-3JJG, 28.920%, 3/03/2024 †x#^ | Affirm | 3/09/2023 | 18 | 18 | 1 |
| &nbsp;&nbsp;&nbsp; ZJ1B-MH5F, 22.850%, 3/03/2026 †x# | Affirm | 3/28/2025 | 165 | 174 | 13 |
| &nbsp;&nbsp;&nbsp; ZJ1E-K2B2, 33.950%, 2/06/2026 †x#^ | Affirm | 2/26/2025 | 111 | 117 | 9 |
| &nbsp;&nbsp;&nbsp; ZJ1M-6HAV, 34.480%, 11/04/2023 †x#^ | Affirm | 11/10/2022 | 42 | 44 | 3 |
| &nbsp;&nbsp;&nbsp; ZJ1M-M99P, 22.610%, 8/07/2024 †x#^ | Affirm | 8/10/2023 | 166 | 171 | 13 |
| &nbsp;&nbsp;&nbsp; ZJ1N-1EMZ, 29.680%, 11/04/2023 †x#^ | Affirm | 11/10/2022 | 23 | 24 | 2 |
| &nbsp;&nbsp;&nbsp; ZJ1Y-YM5R, 15.620%, 1/08/2026 †x#^ | Affirm | 7/31/2025 | 174 | 174 | 14 |
| &nbsp;&nbsp;&nbsp; ZJ21-7H6R, 29.600%, 6/20/2026 †§x | Affirm | 12/27/2024 | 102 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZJ2Z-3RZF, 35.360%, 4/28/2026 †x# | Affirm | 5/06/2024 | 2065 | 2103 | 165 |
| &nbsp;&nbsp;&nbsp; ZJ33-SRL5, 33.950%, 8/21/2024 †x#^ | Affirm | 5/24/2024 | 38 | 38 | 3 |
| &nbsp;&nbsp;&nbsp; ZJ38-7MKM, 35.350%, 10/26/2025 †x#^ | Affirm | 5/02/2024 | 208 | 210 | 17 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6036** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZJ3G-5QZL, 26.700%, 1/17/2026 †x#^ | Affirm | 1/20/2023 | $589 | $645 | $47 |
| &nbsp;&nbsp;&nbsp; ZJ3U-P378, 35.460%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 164 | 170 | 13 |
| &nbsp;&nbsp;&nbsp; ZJ42-UB3K, 35.370%, 6/25/2026 †§x# | Affirm | 6/28/2024 | 170 | 170 | 172 |
| &nbsp;&nbsp;&nbsp; ZJ46-FJ4N, 28.000%, 2/25/2024 †x#^ | Affirm | 9/01/2022 | 350 | 371 | 28 |
| &nbsp;&nbsp;&nbsp; ZJ48-WBFC, 29.560%, 5/20/2025 †x#^ | Affirm | 11/24/2023 | 95 | 99 | 8 |
| &nbsp;&nbsp;&nbsp; ZJ4N-EEPZ, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 802 | 793 | 790 |
| &nbsp;&nbsp;&nbsp; ZJ4R-EUIT, 22.740%, 2/07/2028 †§x | Affirm | 2/26/2025 | 1103 | 1134 | 1147 |
| &nbsp;&nbsp;&nbsp; ZJ4T-Z76X, 29.650%, 9/28/2023 †x#^ | Affirm | 10/06/2022 | 629 | 651 | 50 |
| &nbsp;&nbsp;&nbsp; ZJ4Z-1JPG, 29.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 115 | 116 | 117 |
| &nbsp;&nbsp;&nbsp; ZJ5C-8Q8T, 25.900%, 3/08/2026 †§x | Affirm | 9/26/2025 | 24 | 24 | 25 |
| &nbsp;&nbsp;&nbsp; ZJ5K-28DB, 23.237%, 6/25/2026 †§x | Affirm | 6/28/2024 | 666 | 673 | 675 |
| &nbsp;&nbsp;&nbsp; ZJ5Y-YU4F, 14.730%, 7/23/2025 †x#^ | Affirm | 7/26/2024 | 71 | 66 | 6 |
| &nbsp;&nbsp;&nbsp; ZJ65-BQ9C, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 43 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZJ6A-SVDL, 28.500%, 5/25/2023 †x#^ | Affirm | 6/03/2022 | 119 | 125 | 9 |
| &nbsp;&nbsp;&nbsp; ZJ6U-B03N, 29.760%, 8/12/2026 †§x | Affirm | 2/26/2025 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; ZJ7H-NP1I, 22.750%, 9/23/2026 †§x | Affirm | 9/26/2024 | 280 | 284 | 285 |
| &nbsp;&nbsp;&nbsp; ZJ86-VX0Z, 35.450%, 12/24/2025 †x#^ | Affirm | 6/27/2024 | 267 | 277 | 21 |
| &nbsp;&nbsp;&nbsp; ZJ8V-A3VR, 22.900%, 10/25/2025 †x#^ | Affirm | 10/31/2024 | 156 | 164 | 12 |
| &nbsp;&nbsp;&nbsp; ZJ98-P9VF, 35.190%, 12/02/2025 †x#^ | Affirm | 6/27/2025 | 41 | 41 | 1 |
| &nbsp;&nbsp;&nbsp; ZJ99-ESQM, 35.780%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 42 | 42 | 1 |
| &nbsp;&nbsp;&nbsp; ZJ9C-UG58, 29.570%, 12/12/2024 †x#^ | Affirm | 12/15/2022 | 6109 | 6597 | 489 |
| &nbsp;&nbsp;&nbsp; ZJ9O-DAK7, 35.310%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 94 | 94 | 94 |
| &nbsp;&nbsp;&nbsp; ZJ9O-TNKR, 15.000%, 5/25/2024 †x#^ | Affirm | 12/01/2022 | 781 | 828 | 63 |
| &nbsp;&nbsp;&nbsp; ZJ9W-O2TZ, 35.200%, 3/26/2026 †x# | Affirm | 4/22/2025 | 102 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; ZJA5-2W7Y, 11.810%, 6/28/2026 †x# | Affirm | 7/03/2023 | 944 | 1026 | 76 |
| &nbsp;&nbsp;&nbsp; ZJAA-3YYY, 33.950%, 9/08/2026 †§x | Affirm | 9/26/2025 | 200 | 206 | 207 |
| &nbsp;&nbsp;&nbsp; ZJAE-IT1C, 29.640%, 5/07/2024 †x#^ | Affirm | 11/10/2022 | 198 | 211 | 16 |
| &nbsp;&nbsp;&nbsp; ZJAG-YJGS, 33.950%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; ZJAJ-IJMZ, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 249 | 257 | 258 |
| &nbsp;&nbsp;&nbsp; ZJB0-6KJY, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; ZJB6-DXU4, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 106 | 109 | 110 |
| &nbsp;&nbsp;&nbsp; ZJBA-WJKO, 26.500%, 4/03/2024 †x#^ | Affirm | 10/06/2022 | 221 | 237 | 18 |
| &nbsp;&nbsp;&nbsp; ZJBM-FQV3, 29.580%, 3/08/2026 †§x | Affirm | 9/26/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZJBQ-H0YL, 29.490%, 12/29/2024 †x#^ | Affirm | 7/03/2023 | 279 | 289 | 22 |
| &nbsp;&nbsp;&nbsp; ZJC1-BV4A, 35.300%, 3/12/2025 †x#^ | Affirm | 3/15/2024 | 472 | 473 | 38 |
| &nbsp;&nbsp;&nbsp; ZJC4-9KSW, 35.470%, 9/07/2024 †x#^ | Affirm | 9/11/2023 | 80 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZJCG-OGP5, 13.840%, 6/15/2027 †§x# | Affirm | 6/20/2023 | 156 | 162 | 157 |
| &nbsp;&nbsp;&nbsp; ZJCH-LWM0, 18.000%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 566 | 588 | 588 |
| &nbsp;&nbsp;&nbsp; ZJCM-MTN9, 22.570%, 5/13/2026 †§x# | Affirm | 5/30/2025 | 73 | 73 | 73 |
| &nbsp;&nbsp;&nbsp; ZJCP-TI1A, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 366 | 385 | 389 |
| &nbsp;&nbsp;&nbsp; ZJCU-KI1E, 24.400%, 3/03/2026 †§x | Affirm | 3/28/2025 | 56 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZJDI-GSKQ, 29.700%, 11/04/2023 †x#^ | Affirm | 11/10/2022 | 1310 | 1282 | 105 |
| &nbsp;&nbsp;&nbsp; ZJDS-J4C4, 28.990%, 2/28/2025 †x#^ | Affirm | 8/31/2023 | 288 | 286 | 23 |
| &nbsp;&nbsp;&nbsp; ZJDU-KNM7, 15.780%, 4/25/2026 †§x | Affirm | 10/31/2024 | 33 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZJE0-CRMZ, 35.702%, 2/01/2024 †x#^ | Affirm | 2/06/2023 | 297 | 287 | 24 |
| &nbsp;&nbsp;&nbsp; ZJE7-HB19, 29.680%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 22 | 23 | 2 |
| &nbsp;&nbsp;&nbsp; ZJEL-LF1D, 28.260%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 67 | 65 | 66 |
| &nbsp;&nbsp;&nbsp; ZJEU-WIJU, 11.800%, 3/26/2027 †§x# | Affirm | 4/22/2025 | 414 | 425 | 431 |
| &nbsp;&nbsp;&nbsp; ZJF0-WJV1, 32.000%, 6/02/2026 †§x | Affirm | 6/27/2025 | 53 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZJFT-ZLBF, 28.950%, 5/21/2025 †x#^ | Affirm | 5/24/2024 | 104 | 107 | 8 |
| &nbsp;&nbsp;&nbsp; ZJGC-4XJ2, 31.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 245 | 258 | 260 |
| &nbsp;&nbsp;&nbsp; ZJGF-14ZG, 35.360%, 12/27/2025 †x#^ | Affirm | 7/01/2024 | 370 | 385 | 30 |
| &nbsp;&nbsp;&nbsp; ZJGQ-WZJA, 29.660%, 6/09/2025 †x#^ | Affirm | 12/27/2024 | 265 | 271 | 21 |
| &nbsp;&nbsp;&nbsp; ZJGU-GH3K, 35.650%, 1/22/2027 †x | Affirm | 2/13/2026 | 289 | 288 | 288 |
| &nbsp;&nbsp;&nbsp; ZJH0-0GAG, 35.990%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 23 | 23 | 2 |
| &nbsp;&nbsp;&nbsp; ZJH0-SLMH, 29.380%, 9/29/2023 †x#^ | Affirm | 4/03/2023 | 25 | 25 | 2 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6037** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZJH3-RLZ5, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | $31 | $31 | $31 |
| &nbsp;&nbsp;&nbsp; ZJHC-NOKS, 35.360%, 7/08/2026 †§x | Affirm | 7/31/2025 | 124 | 125 | 125 |
| &nbsp;&nbsp;&nbsp; ZJHF-PIAN, 29.490%, 8/29/2024 †x#^ | Affirm | 9/05/2023 | 987 | 926 | 79 |
| &nbsp;&nbsp;&nbsp; ZJII-OXQJ, 29.690%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 12 | 13 | 1 |
| &nbsp;&nbsp;&nbsp; ZJJC-DGE9, 35.990%, 9/03/2025 †x#^ | Affirm | 3/28/2025 | 121 | 122 | 10 |
| &nbsp;&nbsp;&nbsp; ZJJK-THZP, 35.630%, 6/02/2026 †x# | Affirm | 6/27/2025 | 137 | 135 | 28 |
| &nbsp;&nbsp;&nbsp; ZJJU-ET49, 35.380%, 12/08/2024 †x#^ | Affirm | 12/14/2023 | 181 | 186 | 14 |
| &nbsp;&nbsp;&nbsp; ZJK0-T3W3, 35.300%, 3/03/2026 †x# | Affirm | 3/28/2025 | 241 | 238 | 19 |
| &nbsp;&nbsp;&nbsp; ZJKA-HF52, 29.600%, 9/16/2024 †x#^ | Affirm | 9/22/2022 | 182 | 198 | 15 |
| &nbsp;&nbsp;&nbsp; ZJKA-XJ2C, 35.360%, 10/08/2025 †x#^ | Affirm | 4/11/2024 | 127 | 129 | 10 |
| &nbsp;&nbsp;&nbsp; ZJKK-8FRS, 35.540%, 3/08/2027 †x | Affirm | 9/26/2025 | 294 | 291 | 294 |
| &nbsp;&nbsp;&nbsp; ZJKT-FXAL, 29.600%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 236 | 240 | 240 |
| &nbsp;&nbsp;&nbsp; ZJL6-EXDO, 5.952%, 7/03/2023 †x#^« | Affirm | 1/06/2023 | 88 | 86 | 7 |
| &nbsp;&nbsp;&nbsp; ZJLC-M2CO, 35.530%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 148 | 152 | 155 |
| &nbsp;&nbsp;&nbsp; ZJLJ-K50Z, 33.950%, 2/21/2025 †x#^ | Affirm | 8/24/2023 | 185 | 198 | 15 |
| &nbsp;&nbsp;&nbsp; ZJLM-JW5J, 29.810%, 2/16/2024 †x#^ | Affirm | 2/21/2023 | 230 | 223 | 18 |
| &nbsp;&nbsp;&nbsp; ZJLN-BR48, 30.000%, 3/28/2025 †x#^ | Affirm | 6/02/2023 | 238 | 239 | 19 |
| &nbsp;&nbsp;&nbsp; ZJLQ-G31O, 29.140%, 5/28/2024 †x#^ | Affirm | 12/01/2022 | 551 | 575 | 44 |
| &nbsp;&nbsp;&nbsp; ZJLW-DVXU, 29.640%, 11/15/2026 †§x | Affirm | 11/27/2024 | 313 | 319 | 321 |
| &nbsp;&nbsp;&nbsp; ZJMI-VHPH, 29.610%, 6/21/2023 †x#^ | Affirm | 12/27/2021 | 55 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZJMM-VWPJ, 35.450%, 3/12/2026 †§x | Affirm | 9/26/2025 | 7 | 7 | 7 |
| &nbsp;&nbsp;&nbsp; ZJMQ-CIG7, 30.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 249 | 258 | 257 |
| &nbsp;&nbsp;&nbsp; ZJMT-ANDW, 33.050%, 3/28/2029 †§x | Affirm | 3/31/2025 | 648 | 697 | 666 |
| &nbsp;&nbsp;&nbsp; ZJN7-V4OO, 35.470%, 3/17/2025 †x#^ | Affirm | 11/24/2023 | 122 | 122 | 10 |
| &nbsp;&nbsp;&nbsp; ZJNX-4KUG, 29.430%, 3/28/2023 †x#^ | Affirm | 3/31/2022 | 49 | 51 | 4 |
| &nbsp;&nbsp;&nbsp; ZJOX-WAZO, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1031 | 1069 | 1081 |
| &nbsp;&nbsp;&nbsp; ZJP1-Q49D, 33.950%, 8/06/2026 †x# | Affirm | 1/29/2025 | 378 | 384 | 384 |
| &nbsp;&nbsp;&nbsp; ZJPC-Q3BR, 33.950%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 330 | 336 | 338 |
| &nbsp;&nbsp;&nbsp; ZJPF-YUEV, 35.590%, 12/12/2025 †x#^ | Affirm | 9/26/2025 | 16 | 16 |  |
| &nbsp;&nbsp;&nbsp; ZJPH-TOFO, 24.730%, 7/13/2026 †§x | Affirm | 1/29/2025 | 194 | 196 | 194 |
| &nbsp;&nbsp;&nbsp; ZJPK-PTZN, 24.610%, 6/17/2025 †x#^ | Affirm | 6/21/2024 | 256 | 266 | 20 |
| &nbsp;&nbsp;&nbsp; ZJPL-B7TT, 35.560%, 6/22/2026 †§x | Affirm | 1/16/2026 | 40 | 40 | 40 |
| &nbsp;&nbsp;&nbsp; ZJPS-K2FK, 29.490%, 1/03/2024 †x#^ | Affirm | 7/07/2023 | 52 | 54 | 4 |
| &nbsp;&nbsp;&nbsp; ZJQ0-HF6N, 33.050%, 3/26/2026 †§x# | Affirm | 9/30/2024 | 218 | 218 | 217 |
| &nbsp;&nbsp;&nbsp; ZJQO-NRN0, 32.500%, 7/22/2026 †§x | Affirm | 2/13/2026 | 417 | 425 | 426 |
| &nbsp;&nbsp;&nbsp; ZJQP-FNPF, 30.000%, 4/06/2023 †x#^ | Affirm | 1/12/2023 | 56 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZJQZ-02XV, 23.400%, 5/20/2026 †§x | Affirm | 11/27/2024 | 30 | 30 | 30 |
| &nbsp;&nbsp;&nbsp; ZJRL-Q8Y3, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 40 | 41 | 41 |
| &nbsp;&nbsp;&nbsp; ZJRR-LI0M, 33.050%, 5/07/2026 †§x | Affirm | 5/13/2024 | 97 | 97 | 97 |
| &nbsp;&nbsp;&nbsp; ZJRT-8Z9F, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 105 | 107 | 108 |
| &nbsp;&nbsp;&nbsp; ZJRZ-UH3B, 35.300%, 3/25/2027 †§x# | Affirm | 3/31/2025 | 513 | 511 | 518 |
| &nbsp;&nbsp;&nbsp; ZJSS-6SX3, 29.620%, 12/16/2023 †x#^ | Affirm | 12/22/2022 | 653 | 639 | 52 |
| &nbsp;&nbsp;&nbsp; ZJT0-0TZA, 29.650%, 9/13/2023 †x#^ | Affirm | 9/22/2022 | 523 | 517 | 42 |
| &nbsp;&nbsp;&nbsp; ZJT4-9C9A, 29.890%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 41 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; ZJT7-SPQ7, 29.450%, 5/28/2023 †x#^ | Affirm | 6/03/2022 | 111 | 115 | 9 |
| &nbsp;&nbsp;&nbsp; ZJTF-L7N9, 35.560%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 195 | 201 | 202 |
| &nbsp;&nbsp;&nbsp; ZJTO-E57S, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 417 | 417 | 421 |
| &nbsp;&nbsp;&nbsp; ZJUA-IIKK, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 984 | 959 | 956 |
| &nbsp;&nbsp;&nbsp; ZJUD-ZDSB, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 635 | 656 | 663 |
| &nbsp;&nbsp;&nbsp; ZJUE-MES9, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 188 | 198 | 200 |
| &nbsp;&nbsp;&nbsp; ZJUK-EFHS, 29.620%, 1/02/2026 †x#^ | Affirm | 1/29/2025 | 298 | 312 | 24 |
| &nbsp;&nbsp;&nbsp; ZJUM-6HVZ, 29.210%, 1/09/2024 †x#^ | Affirm | 1/12/2023 | 135 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZJUU-849Z, 15.850%, 1/22/2027 †§x | Affirm | 2/13/2026 | 147 | 146 | 149 |
| &nbsp;&nbsp;&nbsp; ZJV8-8U6J, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 121 | 127 | 128 |
| &nbsp;&nbsp;&nbsp; ZJVR-S0GF, 35.370%, 4/28/2025 †x#^ | Affirm | 5/03/2024 | 1529 | 1581 | 122 |
| &nbsp;&nbsp;&nbsp; ZJW7-SAF6, 15.870%, 8/10/2026 †§x# | Affirm | 2/26/2025 | 444 | 449 | 444 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6038** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZJWK-G4D3, 22.650%, 6/02/2026 †§x | Affirm | 6/27/2025 | $36 | $37 | $36 |
| &nbsp;&nbsp;&nbsp; ZJWZ-VUTG, 35.950%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 750 | 754 | 60 |
| &nbsp;&nbsp;&nbsp; ZJXG-NEWS, 31.000%, 7/02/2026 †§x | Affirm | 1/29/2025 | 529 | 536 | 533 |
| &nbsp;&nbsp;&nbsp; ZJXS-8ZKC, 15.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; ZJXS-BA6X, 26.700%, 8/10/2025 †x#^ | Affirm | 2/26/2025 | 367 | 376 | 29 |
| &nbsp;&nbsp;&nbsp; ZJY0-41FZ, 35.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 45 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZJY4-RJML, 35.460%, 4/02/2025 †x#^ | Affirm | 4/05/2024 | 157 | 163 | 13 |
| &nbsp;&nbsp;&nbsp; ZJYN-AR5C, 29.020%, 6/28/2025 †x#^ | Affirm | 7/03/2023 | 100 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; ZJYY-FUMQ, 29.550%, 8/10/2023 †x#^ | Affirm | 8/15/2022 | 105 | 109 | 8 |
| &nbsp;&nbsp;&nbsp; ZJZ1-KZVR, 35.430%, 6/20/2025 †x#^ | Affirm | 6/24/2024 | 1312 | 1358 | 105 |
| &nbsp;&nbsp;&nbsp; ZJZ9-SVZY, 13.739%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 665 | 632 | 630 |
| &nbsp;&nbsp;&nbsp; ZJZM-HE2O, 29.460%, 5/06/2025 †x#^ | Affirm | 5/09/2024 | 72 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZJZZ-FPN2, 35.700%, 8/12/2026 †x# | Affirm | 2/26/2025 | 146 | 144 | 6 |
| &nbsp;&nbsp;&nbsp; ZK0T-D3KK, 29.490%, 6/02/2024 †x#^ | Affirm | 6/08/2023 | 691 | 723 | 55 |
| &nbsp;&nbsp;&nbsp; ZK16-WGSK, 24.950%, 6/02/2023 †x#^ | Affirm | 6/06/2022 | 308 | 319 | 25 |
| &nbsp;&nbsp;&nbsp; ZK1E-TDBK, 28.000%, 3/07/2023 †x#^ | Affirm | 3/10/2022 | 78 | 82 | 6 |
| &nbsp;&nbsp;&nbsp; ZK1M-SUQI, 35.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 42 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZK1N-XE2C, 13.840%, 6/02/2026 †§x | Affirm | 6/27/2025 | 112 | 113 | 113 |
| &nbsp;&nbsp;&nbsp; ZK1U-4FRA, 35.370%, 12/18/2024 †x#^ | Affirm | 6/21/2024 | 388 | 396 | 31 |
| &nbsp;&nbsp;&nbsp; ZK3F-WNCH, 29.410%, 3/06/2024 †x#^ | Affirm | 3/09/2023 | 88 | 91 | 7 |
| &nbsp;&nbsp;&nbsp; ZK3G-DBO0, 15.770%, 6/02/2026 †§x | Affirm | 6/27/2025 | 46 | 46 | 47 |
| &nbsp;&nbsp;&nbsp; ZK3S-CXSF, 13.840%, 6/18/2027 †x | Affirm | 6/21/2024 | 4967 | 5012 | 5023 |
| &nbsp;&nbsp;&nbsp; ZK4G-0ULP, 24.400%, 1/02/2027 †§x | Affirm | 1/29/2025 | 953 | 973 | 977 |
| &nbsp;&nbsp;&nbsp; ZK4L-83VY, 35.770%, 3/03/2026 †§x | Affirm | 3/28/2025 | 19 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZK4P-MIJV, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 172 | 177 | 178 |
| &nbsp;&nbsp;&nbsp; ZK5B-0P1B, 15.820%, 11/25/2023 †x#^ | Affirm | 12/01/2022 | 229 | 233 | 18 |
| &nbsp;&nbsp;&nbsp; ZK5C-654W, 33.050%, 12/28/2027 †x# | Affirm | 1/29/2025 | 3604 | 3692 | 3717 |
| &nbsp;&nbsp;&nbsp; ZK5M-GCSP, 35.830%, 7/22/2026 †§x | Affirm | 2/13/2026 | 62 | 62 | 63 |
| &nbsp;&nbsp;&nbsp; ZK5U-8GOA, 28.500%, 4/28/2023 †x#^ | Affirm | 5/05/2022 | 221 | 218 | 18 |
| &nbsp;&nbsp;&nbsp; ZK61-4HTY, 33.050%, 8/12/2026 †§x | Affirm | 2/26/2025 | 110 | 112 | 112 |
| &nbsp;&nbsp;&nbsp; ZK6F-83U1, 35.760%, 3/03/2026 †x# | Affirm | 3/28/2025 | 117 | 120 | 4 |
| &nbsp;&nbsp;&nbsp; ZK6W-EWHQ, 35.540%, 9/08/2027 †§x | Affirm | 9/26/2025 | 1453 | 1456 | 1483 |
| &nbsp;&nbsp;&nbsp; ZK74-P5YV, 14.700%, 6/22/2026 †§x | Affirm | 1/16/2026 | 42 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZK79-2S7Z, 23.400%, 3/03/2026 †§x | Affirm | 3/28/2025 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZK7A-PK5U, 15.790%, 3/22/2026 †§x | Affirm | 1/16/2026 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZK7Y-KN84, 29.680%, 7/21/2027 †§x | Affirm | 2/13/2026 | 359 | 384 | 386 |
| &nbsp;&nbsp;&nbsp; ZK81-W22N, 35.860%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 64 | 64 | 64 |
| &nbsp;&nbsp;&nbsp; ZK8D-8FAN, 33.050%, 6/19/2026 †§x | Affirm | 12/27/2024 | 110 | 112 | 112 |
| &nbsp;&nbsp;&nbsp; ZK8K-9IJY, 33.950%, 2/26/2025 †x#^ | Affirm | 8/29/2024 | 51 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZK8K-AGFF, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 68 | 68 | 68 |
| &nbsp;&nbsp;&nbsp; ZK9G-6TJ7, 35.000%, 3/11/2026 †x# | Affirm | 9/26/2025 | 21 | 22 | 4 |
| &nbsp;&nbsp;&nbsp; ZK9H-EPTA, 31.000%, 8/28/2024 †x#^ | Affirm | 3/04/2024 | 1309 | 1347 | 105 |
| &nbsp;&nbsp;&nbsp; ZK9M-UKES, 29.620%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 1302 | 1275 | 104 |
| &nbsp;&nbsp;&nbsp; ZK9S-13F0, 29.540%, 2/18/2024 †x#^ | Affirm | 8/22/2022 | 93 | 100 | 7 |
| &nbsp;&nbsp;&nbsp; ZK9V-ZMAB, 29.970%, 4/22/2026 †§x | Affirm | 2/13/2026 | 40 | 40 | 40 |
| &nbsp;&nbsp;&nbsp; ZK9Y-HGNK, 15.810%, 9/08/2026 †§x | Affirm | 9/26/2025 | 101 | 104 | 104 |
| &nbsp;&nbsp;&nbsp; ZKA5-1T21, 26.900%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZKA9-V34W, 15.720%, 2/28/2025 †x#^ | Affirm | 8/31/2023 | 4797 | 5125 | 384 |
| &nbsp;&nbsp;&nbsp; ZKAN-QETU, 35.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 22 | 23 | 23 |
| &nbsp;&nbsp;&nbsp; ZKB3-MEGC, 26.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 116 | 117 | 118 |
| &nbsp;&nbsp;&nbsp; ZKB6-V3OK, 29.540%, 6/28/2023 †x#^ | Affirm | 7/05/2022 | 83 | 82 | 7 |
| &nbsp;&nbsp;&nbsp; ZKBG-BUG6, 29.130%, 1/09/2025 †x#^ | Affirm | 1/12/2023 | 43 | 46 | 3 |
| &nbsp;&nbsp;&nbsp; ZKBZ-GL47, 33.050%, 8/12/2026 †§x | Affirm | 2/26/2025 | 99 | 101 | 101 |
| &nbsp;&nbsp;&nbsp; ZKCA-ENBM, 28.990%, 2/28/2025 †x#^ | Affirm | 8/31/2023 | 198 | 196 | 16 |
| &nbsp;&nbsp;&nbsp; ZKCC-Y2Z9, 22.750%, 8/12/2026 †§x | Affirm | 2/26/2025 | 479 | 486 | 485 |
| &nbsp;&nbsp;&nbsp; ZKCK-2SFU, 33.950%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 135 | 136 | 69 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6039** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZKD5-287W, 35.570%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | $49 | $50 | $3 |
| &nbsp;&nbsp;&nbsp; ZKDM-IIAL, 26.700%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 15 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZKDR-BRO9, 35.300%, 9/28/2025 †x#^ | Affirm | 3/31/2025 | 11 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; ZKDS-H6KO, 33.950%, 2/26/2025 †x#^ | Affirm | 8/29/2024 | 47 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; ZKDT-QWWR, 33.950%, 8/06/2026 †§x | Affirm | 8/29/2025 | 95 | 97 | 98 |
| &nbsp;&nbsp;&nbsp; ZKER-1KA8, 25.200%, 3/20/2026 †§x | Affirm | 3/28/2025 | 37 | 37 | 38 |
| &nbsp;&nbsp;&nbsp; ZKET-YTQ6, 35.430%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 162 | 161 | 160 |
| &nbsp;&nbsp;&nbsp; ZKF4-FPI8, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 229 | 234 | 234 |
| &nbsp;&nbsp;&nbsp; ZKFM-X0UN, 26.700%, 12/20/2026 †§x | Affirm | 12/27/2024 | 1882 | 1922 | 1935 |
| &nbsp;&nbsp;&nbsp; ZKFS-RGDJ, 29.510%, 12/29/2022 †x#^ | Affirm | 7/05/2022 | 30 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZKG8-IZHM, 28.500%, 7/18/2024 †x#^ | Affirm | 10/21/2022 | 44 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; ZKGC-FG5Q, 29.460%, 3/22/2026 †§x | Affirm | 1/16/2026 | 30 | 30 | 30 |
| &nbsp;&nbsp;&nbsp; ZKGC-S0NX, 29.540%, 6/28/2023 †x#^ | Affirm | 7/05/2022 | 245 | 258 | 20 |
| &nbsp;&nbsp;&nbsp; ZKGC-TRUO, 35.280%, 7/29/2024 †x#^ | Affirm | 8/03/2023 | 80 | 80 | 6 |
| &nbsp;&nbsp;&nbsp; ZKGG-V020, 29.610%, 12/22/2026 †§x | Affirm | 1/16/2026 | 605 | 633 | 641 |
| &nbsp;&nbsp;&nbsp; ZKGR-GSA4, 35.770%, 3/03/2026 †§x | Affirm | 3/28/2025 | 76 | 76 | 76 |
| &nbsp;&nbsp;&nbsp; ZKGZ-SVK4, 33.000%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 331 | 329 | 328 |
| &nbsp;&nbsp;&nbsp; ZKH2-YSC4, 22.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 137 | 141 | 142 |
| &nbsp;&nbsp;&nbsp; ZKH3-TWIW, 35.530%, 12/10/2025 †x#^ | Affirm | 12/27/2024 | 242 | 240 | 19 |
| &nbsp;&nbsp;&nbsp; ZKHE-XF1F, 31.590%, 4/03/2023 †x#^ | Affirm | 10/06/2022 | 28 | 29 | 2 |
| &nbsp;&nbsp;&nbsp; ZKHJ-WO32, 24.400%, 6/12/2026 †§x | Affirm | 12/27/2024 | 119 | 120 | 120 |
| &nbsp;&nbsp;&nbsp; ZKHL-Z9E4, 29.490%, 3/22/2026 †§x | Affirm | 1/16/2026 | 67 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; ZKHV-E2WE, 32.500%, 7/22/2026 †§x | Affirm | 2/13/2026 | 2071 | 2110 | 2112 |
| &nbsp;&nbsp;&nbsp; ZKHW-4WOQ, 29.610%, 6/06/2023 †§x^ | Affirm | 12/09/2021 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; ZKI1-CRWP, 23.400%, 2/12/2027 †§x# | Affirm | 2/26/2025 | 207 | 213 | 212 |
| &nbsp;&nbsp;&nbsp; ZKI6-S2HX, 28.000%, 7/01/2023 †x#^ | Affirm | 7/08/2022 | 198 | 208 | 16 |
| &nbsp;&nbsp;&nbsp; ZKI9-MDLL, 31.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 417 | 427 | 430 |
| &nbsp;&nbsp;&nbsp; ZKIA-BUHJ, 29.690%, 12/15/2025 †x#^ | Affirm | 11/27/2024 | 133 | 140 | 11 |
| &nbsp;&nbsp;&nbsp; ZKIH-OEV9, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 311 | 319 | 321 |
| &nbsp;&nbsp;&nbsp; ZKIL-NDDY, 35.350%, 8/07/2024 †x#^ | Affirm | 8/10/2023 | 70 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZKIO-PPAJ, 35.400%, 10/28/2026 †§x# | Affirm | 10/31/2024 | 424 | 419 | 252 |
| &nbsp;&nbsp;&nbsp; ZKIX-RB9L, 33.950%, 6/02/2026 †§x | Affirm | 6/27/2025 | 83 | 84 | 84 |
| &nbsp;&nbsp;&nbsp; ZKJN-GIK9, 25.700%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 303 | 318 | 24 |
| &nbsp;&nbsp;&nbsp; ZKJP-L2A3, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZKK2-UJU1, 35.470%, 10/02/2024 †x#^ | Affirm | 10/05/2023 | 162 | 163 | 13 |
| &nbsp;&nbsp;&nbsp; ZKK3-WI9G, 29.810%, 12/02/2022 †x#^ | Affirm | 12/06/2021 | 23 | 23 | 2 |
| &nbsp;&nbsp;&nbsp; ZKKE-MLLW, 26.000%, 10/03/2025 †x#^ | Affirm | 10/07/2024 | 492 | 512 | 39 |
| &nbsp;&nbsp;&nbsp; ZKML-6B8V, 35.530%, 6/24/2027 †§x | Affirm | 1/16/2026 | 264 | 273 | 277 |
| &nbsp;&nbsp;&nbsp; ZKMO-O6LU, 30.500%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 35 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZKMQ-T8W8, 23.400%, 8/07/2026 †§x | Affirm | 2/26/2025 | 595 | 604 | 605 |
| &nbsp;&nbsp;&nbsp; ZKMT-OXDN, 18.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 154 | 159 | 160 |
| &nbsp;&nbsp;&nbsp; ZKMV-JWCR, 24.950%, 6/05/2025 †x#^ | Affirm | 6/08/2023 | 2815 | 2691 | 225 |
| &nbsp;&nbsp;&nbsp; ZKMY-CR37, 35.360%, 12/28/2023 †x#^ | Affirm | 7/03/2023 | 211 | 215 | 17 |
| &nbsp;&nbsp;&nbsp; ZKN7-YZ5B, 29.780%, 4/03/2024 †x#^ | Affirm | 10/06/2022 | 158 | 165 | 13 |
| &nbsp;&nbsp;&nbsp; ZKN8-KWVS, 33.950%, 3/20/2026 †x# | Affirm | 3/28/2025 | 58 | 61 | 14 |
| &nbsp;&nbsp;&nbsp; ZKNB-CFJM, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 150 | 156 | 4 |
| &nbsp;&nbsp;&nbsp; ZKNE-M62G, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 56 | 57 |
| &nbsp;&nbsp;&nbsp; ZKNJ-691G, 35.620%, 8/12/2026 †§x# | Affirm | 2/26/2025 | 152 | 154 | 153 |
| &nbsp;&nbsp;&nbsp; ZKNN-VXI5, 35.590%, 6/22/2026 †§x | Affirm | 1/16/2026 | 57 | 58 | 59 |
| &nbsp;&nbsp;&nbsp; ZKNT-HOI2, 28.260%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 107 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZKO0-97CS, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 418 | 440 | 440 |
| &nbsp;&nbsp;&nbsp; ZKO3-DW6U, 13.840%, 11/20/2027 †§x | Affirm | 11/27/2024 | 772 | 791 | 796 |
| &nbsp;&nbsp;&nbsp; ZKO6-XN58, 31.000%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 214 | 226 | 17 |
| &nbsp;&nbsp;&nbsp; ZKOF-3KA9, 24.400%, 11/15/2026 †§x | Affirm | 11/27/2024 | 255 | 260 | 261 |
| &nbsp;&nbsp;&nbsp; ZKOJ-IQ4D, 20.900%, 10/23/2026 †§x | Affirm | 10/28/2024 | 159 | 162 | 161 |
| &nbsp;&nbsp;&nbsp; ZKOW-JVJ9, 29.640%, 2/21/2025 †x#^ | Affirm | 2/29/2024 | 84 | 77 | 7 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6040** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZKP4-Q2OJ, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | $80 | $80 | $80 |
| &nbsp;&nbsp;&nbsp; ZKPK-O8BL, 33.950%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 143 | 151 | 11 |
| &nbsp;&nbsp;&nbsp; ZKPQ-X53J, 16.000%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 68 | 68 | 5 |
| &nbsp;&nbsp;&nbsp; ZKQ4-JCB2, 28.000%, 8/08/2023 †x#^ | Affirm | 8/11/2022 | 175 | 184 | 14 |
| &nbsp;&nbsp;&nbsp; ZKQL-CIIB, 35.530%, 7/21/2027 †§x | Affirm | 2/13/2026 | 271 | 268 | 268 |
| &nbsp;&nbsp;&nbsp; ZKQO-VRMV, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 55 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZKQQ-MZ9V, 29.510%, 12/12/2023 †x#^ | Affirm | 6/15/2023 | 80 | 82 | 6 |
| &nbsp;&nbsp;&nbsp; ZKQR-9HJJ, 33.050%, 12/09/2025 †x#^ | Affirm | 12/27/2024 | 184 | 194 | 15 |
| &nbsp;&nbsp;&nbsp; ZKRM-MS6K, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 426 | 417 | 421 |
| &nbsp;&nbsp;&nbsp; ZKS0-0UWA, 24.400%, 12/28/2026 †x# | Affirm | 1/29/2025 | 2664 | 2721 | 2733 |
| &nbsp;&nbsp;&nbsp; ZKS4-KO4U, 35.380%, 12/11/2024 †x#^ | Affirm | 12/14/2023 | 31 | 31 | 3 |
| &nbsp;&nbsp;&nbsp; ZKS4-VLNI, 30.500%, 7/22/2026 †§x | Affirm | 2/13/2026 | 307 | 313 | 316 |
| &nbsp;&nbsp;&nbsp; ZKSD-5WPM, 13.840%, 3/23/2026 †§x | Affirm | 9/26/2024 | 30 | 30 | 30 |
| &nbsp;&nbsp;&nbsp; ZKT2-X3LK, 33.050%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 134 | 140 | 12 |
| &nbsp;&nbsp;&nbsp; ZKTA-37X7, 35.460%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 296 | 299 | 24 |
| &nbsp;&nbsp;&nbsp; ZKTG-6IKU, 35.590%, 6/11/2025 †x#^ | Affirm | 12/27/2024 | 358 | 367 | 29 |
| &nbsp;&nbsp;&nbsp; ZKTL-UZAO, 29.500%, 10/19/2024 †x#^ | Affirm | 4/27/2023 | 85 | 87 | 7 |
| &nbsp;&nbsp;&nbsp; ZKU8-S5YJ, 29.620%, 3/24/2026 †§x | Affirm | 9/27/2024 | 24 | 24 | 25 |
| &nbsp;&nbsp;&nbsp; ZKUP-PH8B, 33.950%, 6/24/2027 †§x | Affirm | 1/16/2026 | 166 | 176 | 177 |
| &nbsp;&nbsp;&nbsp; ZKV0-CZN3, 29.560%, 8/06/2026 †§x# | Affirm | 8/29/2025 | 58 | 60 | 60 |
| &nbsp;&nbsp;&nbsp; ZKV4-M0BP, 14.780%, 8/27/2026 †§x# | Affirm | 8/30/2024 | 196 | 196 | 197 |
| &nbsp;&nbsp;&nbsp; ZKV8-UC49, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 272 | 269 | 268 |
| &nbsp;&nbsp;&nbsp; ZKVE-66ZV, 33.050%, 1/02/2027 †§x | Affirm | 1/29/2025 | 513 | 525 | 526 |
| &nbsp;&nbsp;&nbsp; ZKVQ-RMDB, 33.950%, 7/22/2026 †x | Affirm | 2/13/2026 | 37 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZKW5-4PZR, 29.620%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 33 | 33 | 3 |
| &nbsp;&nbsp;&nbsp; ZKWW-DWG1, 29.710%, 1/06/2024 †x#^ | Affirm | 1/12/2023 | 325 | 331 | 26 |
| &nbsp;&nbsp;&nbsp; ZKXA-YDVT, 18.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 760 | 787 | 790 |
| &nbsp;&nbsp;&nbsp; ZKXO-MZGP, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 862 | 907 | 917 |
| &nbsp;&nbsp;&nbsp; ZKXU-HF8R, 35.530%, 7/21/2027 †§x | Affirm | 2/13/2026 | 150 | 148 | 149 |
| &nbsp;&nbsp;&nbsp; ZKY7-WFSD, 35.310%, 3/20/2026 †§x | Affirm | 3/28/2025 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; ZKYB-SVOK, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 776 | 817 | 817 |
| &nbsp;&nbsp;&nbsp; ZKYI-4LJO, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 93 | 96 | 97 |
| &nbsp;&nbsp;&nbsp; ZKYO-I131, 33.150%, 3/05/2026 †x# | Affirm | 9/26/2025 | 17 | 16 | 17 |
| &nbsp;&nbsp;&nbsp; ZKZ0-J0CP, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 329 | 325 | 324 |
| &nbsp;&nbsp;&nbsp; ZKZ3-PPPB, 29.500%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 56 | 59 | 4 |
| &nbsp;&nbsp;&nbsp; ZKZM-B1E9, 33.050%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 64 | 64 | 64 |
| &nbsp;&nbsp;&nbsp; ZL03-OM9T, 15.800%, 12/18/2025 †x#^ | Affirm | 12/27/2024 | 63 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZL12-P688, 35.300%, 3/03/2026 †§x | Affirm | 3/28/2025 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; ZL1H-VAHZ, 33.950%, 8/11/2026 †§x | Affirm | 2/26/2025 | 100 | 102 | 102 |
| &nbsp;&nbsp;&nbsp; ZL1I-G3BJ, 35.570%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 94 | 94 | 8 |
| &nbsp;&nbsp;&nbsp; ZL1J-VI03, 33.000%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 114 | 114 | 9 |
| &nbsp;&nbsp;&nbsp; ZL1R-LSSC, 35.520%, 12/17/2026 †x# | Affirm | 1/16/2026 | 248 | 219 | 48 |
| &nbsp;&nbsp;&nbsp; ZL1W-7IFX, 35.330%, 5/06/2025 †x#^ | Affirm | 5/13/2024 | 136 | 137 | 11 |
| &nbsp;&nbsp;&nbsp; ZL24-33L1, 35.380%, 8/22/2026 †§x# | Affirm | 8/26/2024 | 161 | 161 | 163 |
| &nbsp;&nbsp;&nbsp; ZL26-8ILF, 35.630%, 1/22/2027 †§x | Affirm | 2/13/2026 | 53 | 55 | 56 |
| &nbsp;&nbsp;&nbsp; ZL2W-KH44, 35.370%, 11/06/2025 †x#^ | Affirm | 5/09/2024 | 421 | 435 | 34 |
| &nbsp;&nbsp;&nbsp; ZL30-V9FM, 29.570%, 9/24/2026 †§x | Affirm | 9/27/2024 | 211 | 214 | 215 |
| &nbsp;&nbsp;&nbsp; ZL4H-98OY, 19.750%, 2/28/2024 †x#^ | Affirm | 8/31/2023 | 172 | 177 | 14 |
| &nbsp;&nbsp;&nbsp; ZL4I-85KH, 29.490%, 6/29/2024 †x#^ | Affirm | 7/07/2023 | 299 | 298 | 24 |
| &nbsp;&nbsp;&nbsp; ZL4Q-J2AU, 35.440%, 7/03/2026 †§x | Affirm | 1/29/2025 | 148 | 149 | 147 |
| &nbsp;&nbsp;&nbsp; ZL4T-GQNL, 28.890%, 9/29/2023 †x#^ | Affirm | 4/03/2023 | 212 | 218 | 17 |
| &nbsp;&nbsp;&nbsp; ZL4Y-081N, 29.590%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 672 | 696 | 54 |
| &nbsp;&nbsp;&nbsp; ZL5F-QVXF, 13.840%, 12/22/2026 †§x | Affirm | 1/16/2026 | 173 | 179 | 180 |
| &nbsp;&nbsp;&nbsp; ZL5G-TO76, 33.050%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZL5V-ZJ04, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 68 | 69 | 70 |
| &nbsp;&nbsp;&nbsp; ZL5Z-LMXT, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 1039 | 1064 | 1070 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6041** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZL6C-2IXV, 33.130%, 6/22/2026 †§x | Affirm | 1/16/2026 | $53 | $52 | $53 |
| &nbsp;&nbsp;&nbsp; ZL6J-QKPZ, 33.950%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 113 | 114 | 9 |
| &nbsp;&nbsp;&nbsp; ZL7F-345C, 24.400%, 7/03/2026 †§x | Affirm | 1/29/2025 | 238 | 241 | 240 |
| &nbsp;&nbsp;&nbsp; ZL7I-090T, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 43 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; ZL8S-VD23, 31.000%, 3/03/2026 †§x | Affirm | 3/28/2025 | 179 | 179 | 179 |
| &nbsp;&nbsp;&nbsp; ZL95-WRFX, 26.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 93 | 95 | 95 |
| &nbsp;&nbsp;&nbsp; ZL95-XEHE, 33.950%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 334 | 339 | 344 |
| &nbsp;&nbsp;&nbsp; ZL97-S5K6, 29.430%, 5/22/2024 †x#^ | Affirm | 5/25/2023 | 13 | 14 | 1 |
| &nbsp;&nbsp;&nbsp; ZL9T-U2OE, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 2147 | 2199 | 2203 |
| &nbsp;&nbsp;&nbsp; ZL9U-B883, 35.480%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 22 | 22 | 2 |
| &nbsp;&nbsp;&nbsp; ZL9U-ZEGL, 28.950%, 11/23/2024 †x#^ | Affirm | 5/26/2023 | 104 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; ZL9Z-13UC, 23.400%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 29 | 29 | 2 |
| &nbsp;&nbsp;&nbsp; ZLAI-G2N9, 16.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 29 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; ZLAN-O2LY, 14.700%, 9/24/2026 †§x | Affirm | 9/27/2024 | 1731 | 1757 | 1764 |
| &nbsp;&nbsp;&nbsp; ZLAN-OT1A, 31.000%, 7/08/2026 †§x | Affirm | 7/31/2025 | 669 | 682 | 684 |
| &nbsp;&nbsp;&nbsp; ZLAT-WWM9, 29.910%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 12 | 12 | 2 |
| &nbsp;&nbsp;&nbsp; ZLAV-598W, 29.570%, 4/25/2024 †x#^ | Affirm | 10/28/2022 | 306 | 327 | 24 |
| &nbsp;&nbsp;&nbsp; ZLB3-TTCM, 35.400%, 10/25/2026 †§x# | Affirm | 10/31/2024 | 701 | 696 | 710 |
| &nbsp;&nbsp;&nbsp; ZLBO-PNNR, 35.430%, 6/20/2025 †x#^ | Affirm | 6/24/2024 | 172 | 173 | 14 |
| &nbsp;&nbsp;&nbsp; ZLBP-OGVO, 25.200%, 5/06/2026 †§x | Affirm | 5/30/2025 | 72 | 73 | 73 |
| &nbsp;&nbsp;&nbsp; ZLBR-QBEL, 29.610%, 6/24/2027 †§x# | Affirm | 1/16/2026 | 362 | 386 | 394 |
| &nbsp;&nbsp;&nbsp; ZLBY-A9SX, 30.950%, 12/12/2025 †x#^ | Affirm | 9/26/2025 | 11 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; ZLBY-IIU5, 29.590%, 10/24/2025 †x#^ | Affirm | 10/28/2024 | 497 | 526 | 40 |
| &nbsp;&nbsp;&nbsp; ZLCE-F8WA, 26.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 37 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZLCI-3OU3, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 337 | 329 | 328 |
| &nbsp;&nbsp;&nbsp; ZLCQ-66JD, 29.570%, 11/22/2025 †x#^ | Affirm | 11/27/2023 | 99 | 103 | 8 |
| &nbsp;&nbsp;&nbsp; ZLCX-XKN3, 26.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 75 | 77 | 77 |
| &nbsp;&nbsp;&nbsp; ZLD3-RJG0, 15.700%, 2/19/2025 †x#^ | Affirm | 8/22/2024 | 102 | 105 | 8 |
| &nbsp;&nbsp;&nbsp; ZLDS-V8IU, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 101 | 103 | 104 |
| &nbsp;&nbsp;&nbsp; ZLE6-GQCT, 28.000%, 4/13/2023 †x#^ | Affirm | 4/18/2022 | 209 | 216 | 17 |
| &nbsp;&nbsp;&nbsp; ZLEU-CUW0, 29.560%, 6/06/2023 †x#^ | Affirm | 6/09/2022 | 14 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZLF5-HO8I, 15.820%, 9/08/2026 †§x | Affirm | 9/26/2025 | 170 | 176 | 176 |
| &nbsp;&nbsp;&nbsp; ZLFF-13GA, 35.150%, 1/08/2026 †x#^ | Affirm | 7/31/2025 | 315 | 315 | 32 |
| &nbsp;&nbsp;&nbsp; ZLFO-M4Y9, 32.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 68 | 69 | 70 |
| &nbsp;&nbsp;&nbsp; ZLFS-GKP9, 29.510%, 6/13/2025 †x#^ | Affirm | 6/16/2023 | 1148 | 1143 | 92 |
| &nbsp;&nbsp;&nbsp; ZLG2-Y4DR, 32.500%, 8/06/2026 †§x | Affirm | 2/26/2025 | 397 | 394 | 393 |
| &nbsp;&nbsp;&nbsp; ZLGK-LHN6, 35.550%, 12/17/2026 †§x | Affirm | 1/16/2026 | 83 | 74 | 76 |
| &nbsp;&nbsp;&nbsp; ZLGP-441C, 31.000%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 486 | 498 | 497 |
| &nbsp;&nbsp;&nbsp; ZLGW-KE2X, 33.950%, 5/10/2024 †x#^ | Affirm | 5/15/2023 | 72 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZLH1-80G9, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 197 | 205 | 204 |
| &nbsp;&nbsp;&nbsp; ZLH4-821H, 27.100%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 45 | 47 | 4 |
| &nbsp;&nbsp;&nbsp; ZLH5-QJER, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 276 | 291 | 291 |
| &nbsp;&nbsp;&nbsp; ZLH7-K4QA, 32.850%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 10 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZLHE-8KV6, 35.410%, 4/26/2025 †x#^ | Affirm | 5/02/2024 | 261 | 261 | 21 |
| &nbsp;&nbsp;&nbsp; ZLHP-NZ50, 29.930%, 7/22/2026 †§x | Affirm | 2/13/2026 | 75 | 76 | 76 |
| &nbsp;&nbsp;&nbsp; ZLHW-5916, 26.900%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZLHZ-RI8O, 13.840%, 6/22/2026 †§x | Affirm | 1/16/2026 | 23 | 23 | 23 |
| &nbsp;&nbsp;&nbsp; ZLI1-54AN, 29.620%, 12/28/2023 †x#^ | Affirm | 1/03/2023 | 1370 | 1398 | 110 |
| &nbsp;&nbsp;&nbsp; ZLIF-NEC2, 24.400%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 119 | 120 | 120 |
| &nbsp;&nbsp;&nbsp; ZLIW-KOP0, 15.930%, 7/22/2026 †§x | Affirm | 2/13/2026 | 194 | 199 | 200 |
| &nbsp;&nbsp;&nbsp; ZLIX-WS20, 29.570%, 9/29/2024 †x#^ | Affirm | 10/05/2023 | 105 | 105 | 8 |
| &nbsp;&nbsp;&nbsp; ZLIY-YYTM, 35.300%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 326 | 326 | 325 |
| &nbsp;&nbsp;&nbsp; ZLIZ-X117, 33.050%, 7/02/2026 †§x# | Affirm | 1/29/2025 | 49 | 50 | 50 |
| &nbsp;&nbsp;&nbsp; ZLJ8-QEJL, 29.650%, 9/19/2025 †x#^ | Affirm | 9/23/2024 | 81 | 84 | 6 |
| &nbsp;&nbsp;&nbsp; ZLJ9-F45H, 15.870%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 165 | 168 | 13 |
| &nbsp;&nbsp;&nbsp; ZLJW-YJSJ, 29.520%, 7/08/2027 †§x# | Affirm | 7/31/2025 | 713 | 707 | 327 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6042** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZLJY-39I5, 29.710%, 2/11/2027 †§x | Affirm | 2/26/2025 | $459 | $474 | $476 |
| &nbsp;&nbsp;&nbsp; ZLK8-CATV, 35.380%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 487 | 513 | 39 |
| &nbsp;&nbsp;&nbsp; ZLK9-N5T5, 31.000%, 6/02/2026 †§x | Affirm | 6/27/2025 | 171 | 174 | 174 |
| &nbsp;&nbsp;&nbsp; ZLKN-HTFJ, 29.430%, 6/04/2024 †x#^ | Affirm | 12/07/2023 | 9 | 9 | 1 |
| &nbsp;&nbsp;&nbsp; ZLKZ-GGFZ, 18.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 184 | 191 | 192 |
| &nbsp;&nbsp;&nbsp; ZLL1-7M2T, 29.450%, 5/12/2023 †x#^ | Affirm | 5/16/2022 | 160 | 158 | 13 |
| &nbsp;&nbsp;&nbsp; ZLL1-SS50, 29.020%, 8/28/2025 †x#^ | Affirm | 9/01/2023 | 452 | 483 | 36 |
| &nbsp;&nbsp;&nbsp; ZLL2-ZAQX, 30.950%, 9/23/2026 †§x# | Affirm | 9/26/2024 | 769 | 781 | 784 |
| &nbsp;&nbsp;&nbsp; ZLL3-CY38, 29.410%, 5/19/2024 †x#^ | Affirm | 5/25/2023 | 67 | 70 | 5 |
| &nbsp;&nbsp;&nbsp; ZLL8-PP0L, 33.950%, 10/21/2027 †§x | Affirm | 10/24/2024 | 1259 | 1283 | 1289 |
| &nbsp;&nbsp;&nbsp; ZLLK-2YV6, 29.650%, 6/23/2023 †x#^ | Affirm | 12/30/2022 | 119 | 119 | 10 |
| &nbsp;&nbsp;&nbsp; ZLM0-MES9, 29.490%, 10/24/2024 †x#^ | Affirm | 4/27/2023 | 242 | 249 | 19 |
| &nbsp;&nbsp;&nbsp; ZLM3-POF4, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 302 | 300 | 301 |
| &nbsp;&nbsp;&nbsp; ZLMK-1CZ9, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 512 | 503 | 41 |
| &nbsp;&nbsp;&nbsp; ZLMV-3II3, 35.370%, 9/28/2026 †§x | Affirm | 3/31/2025 | 312 | 311 | 308 |
| &nbsp;&nbsp;&nbsp; ZLNJ-UKMX, 29.480%, 9/14/2025 †x#^ | Affirm | 3/18/2024 | 255 | 267 | 20 |
| &nbsp;&nbsp;&nbsp; ZLNN-5TZY, 15.830%, 7/21/2027 †§x | Affirm | 2/13/2026 | 282 | 300 | 303 |
| &nbsp;&nbsp;&nbsp; ZLO1-BNL9, 29.273%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 152 | 149 | 12 |
| &nbsp;&nbsp;&nbsp; ZLO4-68WH, 35.440%, 6/24/2025 †x#^ | Affirm | 6/27/2024 | 626 | 650 | 50 |
| &nbsp;&nbsp;&nbsp; ZLO4-WJ3X, 29.570%, 9/28/2027 †§x# | Affirm | 10/02/2023 | 868 | 926 | 894 |
| &nbsp;&nbsp;&nbsp; ZLOF-G6XE, 11.860%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 416 | 423 | 427 |
| &nbsp;&nbsp;&nbsp; ZLOG-J5YG, 27.500%, 11/22/2022 †x#^ | Affirm | 11/26/2021 | 215 | 226 | 17 |
| &nbsp;&nbsp;&nbsp; ZLOK-08DG, 35.990%, 8/10/2025 †x#^ | Affirm | 2/26/2025 | 32 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; ZLOP-Q39Y, 35.880%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 133 | 136 | 11 |
| &nbsp;&nbsp;&nbsp; ZLOW-BMYJ, 29.510%, 5/06/2026 †§x | Affirm | 5/09/2024 | 83 | 83 | 83 |
| &nbsp;&nbsp;&nbsp; ZLP3-EK0T, 35.280%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 1804 | 1700 | 144 |
| &nbsp;&nbsp;&nbsp; ZLP4-WF65, 23.400%, 7/02/2026 †§x | Affirm | 1/29/2025 | 229 | 232 | 231 |
| &nbsp;&nbsp;&nbsp; ZLPB-3AFB, 15.790%, 1/21/2029 †x | Affirm | 2/13/2026 | 1908 | 2096 | 2104 |
| &nbsp;&nbsp;&nbsp; ZLPI-LAH7, 29.020%, 5/28/2026 †§x# | Affirm | 6/05/2023 | 184 | 185 | 185 |
| &nbsp;&nbsp;&nbsp; ZLPT-57QA, 29.620%, 3/24/2026 †§x | Affirm | 9/27/2024 | 35 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZLQ2-D1V4, 25.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 62 | 63 | 63 |
| &nbsp;&nbsp;&nbsp; ZLQ8-XYTR, 15.790%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 40 | 40 | 4 |
| &nbsp;&nbsp;&nbsp; ZLQ8-ZOX4, 29.480%, 8/29/2024 †x#^ | Affirm | 9/05/2023 | 17 | 18 | 1 |
| &nbsp;&nbsp;&nbsp; ZLQD-CM3Z, 29.200%, 3/03/2026 †§x | Affirm | 3/28/2025 | 24 | 24 | 24 |
| &nbsp;&nbsp;&nbsp; ZLQM-ICSO, 33.950%, 3/08/2027 †§x | Affirm | 9/26/2025 | 340 | 357 | 356 |
| &nbsp;&nbsp;&nbsp; ZLR9-XAES, 29.630%, 5/28/2024 †x#^ | Affirm | 12/02/2022 | 315 | 336 | 25 |
| &nbsp;&nbsp;&nbsp; ZLRD-0K9D, 32.000%, 2/10/2026 †§x#^ | Affirm | 2/26/2025 | 63 | 63 | 14 |
| &nbsp;&nbsp;&nbsp; ZLRH-FP24, 35.370%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 248 | 253 | 247 |
| &nbsp;&nbsp;&nbsp; ZLRV-3CQI, 29.560%, 10/27/2024 †x#^ | Affirm | 10/31/2022 | 359 | 392 | 29 |
| &nbsp;&nbsp;&nbsp; ZLS4-W33B, 35.310%, 3/28/2025 †x#^ | Affirm | 4/04/2024 | 316 | 317 | 25 |
| &nbsp;&nbsp;&nbsp; ZLSR-O4V5, 35.380%, 8/28/2024 †x#^ | Affirm | 7/03/2023 | 149 | 154 | 12 |
| &nbsp;&nbsp;&nbsp; ZLSX-HMS4, 29.610%, 6/24/2027 †§x# | Affirm | 1/16/2026 | 348 | 370 | 375 |
| &nbsp;&nbsp;&nbsp; ZLT2-CDDL, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | 69 | 70 | 69 |
| &nbsp;&nbsp;&nbsp; ZLTJ-XI3H, 35.210%, 11/21/2024 †x#^ | Affirm | 5/24/2024 | 197 | 195 | 16 |
| &nbsp;&nbsp;&nbsp; ZLTL-KYYT, 33.050%, 11/13/2027 †§x | Affirm | 11/27/2024 | 1198 | 1223 | 1233 |
| &nbsp;&nbsp;&nbsp; ZLTQ-R5F6, 15.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 104 | 108 | 108 |
| &nbsp;&nbsp;&nbsp; ZLTS-R6OT, 23.400%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 714 | 724 | 57 |
| &nbsp;&nbsp;&nbsp; ZLTT-O6ZT, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 488 | 514 | 514 |
| &nbsp;&nbsp;&nbsp; ZLU6-STC0, 15.840%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 736 | 774 | 780 |
| &nbsp;&nbsp;&nbsp; ZLUA-I3PQ, 29.490%, 6/05/2024 †x#^ | Affirm | 6/08/2023 | 621 | 649 | 50 |
| &nbsp;&nbsp;&nbsp; ZLUH-ILDB, 11.840%, 12/19/2026 †x# | Affirm | 12/27/2024 | 2619 | 2616 | 209 |
| &nbsp;&nbsp;&nbsp; ZLUM-85MX, 35.340%, 7/08/2026 †§x# | Affirm | 7/31/2025 | 92 | 93 | 93 |
| &nbsp;&nbsp;&nbsp; ZLUV-SEFG, 29.620%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 237 | 248 | 252 |
| &nbsp;&nbsp;&nbsp; ZLV4-UQGS, 32.930%, 9/28/2026 †§x | Affirm | 3/31/2025 | 226 | 225 | 224 |
| &nbsp;&nbsp;&nbsp; ZLWF-JPJP, 11.700%, 12/02/2025 †x#^ | Affirm | 6/27/2025 | 138 | 141 | 11 |
| &nbsp;&nbsp;&nbsp; ZLWJ-U9O0, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 140 | 147 | 149 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6043** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZLX0-0J1R, 22.750%, 1/22/2027 †§x | Affirm | 2/13/2026 | $140 | $145 | $145 |
| &nbsp;&nbsp;&nbsp; ZLX1-LJHD, 33.050%, 12/20/2026 †§x# | Affirm | 12/27/2024 | 326 | 334 | 335 |
| &nbsp;&nbsp;&nbsp; ZLX8-GDIL, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 209 | 214 | 215 |
| &nbsp;&nbsp;&nbsp; ZLXH-B8VG, 35.480%, 8/27/2025 †x#^ | Affirm | 3/01/2024 | 255 | 258 | 20 |
| &nbsp;&nbsp;&nbsp; ZLY1-FXEN, 33.050%, 9/08/2026 †§x | Affirm | 9/26/2025 | 78 | 81 | 81 |
| &nbsp;&nbsp;&nbsp; ZLY2-AOKY, 29.480%, 3/05/2025 †x#^ | Affirm | 9/08/2023 | 239 | 256 | 19 |
| &nbsp;&nbsp;&nbsp; ZLY9-AZ0S, 35.470%, 9/06/2024 †x#^ | Affirm | 9/11/2023 | 385 | 384 | 31 |
| &nbsp;&nbsp;&nbsp; ZLYA-SVV4, 30.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 140 | 145 | 145 |
| &nbsp;&nbsp;&nbsp; ZLYD-EWEZ, 18.000%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 137 | 137 | 137 |
| &nbsp;&nbsp;&nbsp; ZLYF-745H, 35.420%, 12/20/2026 †§x | Affirm | 12/27/2024 | 298 | 297 | 301 |
| &nbsp;&nbsp;&nbsp; ZLYF-MZR7, 35.900%, 7/02/2026 †x# | Affirm | 1/29/2025 | 648 | 637 | 135 |
| &nbsp;&nbsp;&nbsp; ZLYH-QGFO, 33.950%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 109 | 111 | 9 |
| &nbsp;&nbsp;&nbsp; ZLYJ-IP2V, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 198 | 208 | 208 |
| &nbsp;&nbsp;&nbsp; ZLZ7-ZKW8, 29.810%, 2/07/2026 †§x#^ | Affirm | 2/26/2025 | 21 | 21 | 4 |
| &nbsp;&nbsp;&nbsp; ZLZ8-BNEN, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 279 | 294 | 294 |
| &nbsp;&nbsp;&nbsp; ZLZC-ZOYW, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 67 | 68 | 68 |
| &nbsp;&nbsp;&nbsp; ZLZN-DMGR, 15.990%, 7/22/2026 †§x | Affirm | 2/13/2026 | 45 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZLZW-6IKI, 27.950%, 6/21/2025 †x#^ | Affirm | 6/27/2024 | 322 | 334 | 26 |
| &nbsp;&nbsp;&nbsp; ZLZW-KOVQ, 29.490%, 8/03/2024 †x#^ | Affirm | 8/07/2023 | 94 | 97 | 8 |
| &nbsp;&nbsp;&nbsp; ZLZW-RFA2, 15.660%, 9/28/2025 †x#^ | Affirm | 4/22/2025 | 61 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; ZM0S-L2VN, 15.750%, 6/24/2025 †x#^ | Affirm | 6/27/2024 | 66 | 69 | 5 |
| &nbsp;&nbsp;&nbsp; ZM0X-56NT, 32.500%, 9/23/2026 †x# | Affirm | 9/26/2024 | 663 | 655 | 53 |
| &nbsp;&nbsp;&nbsp; ZM0Z-79DR, 33.010%, 6/18/2026 †§x | Affirm | 6/21/2024 | 186 | 186 | 187 |
| &nbsp;&nbsp;&nbsp; ZM11-W4O2, 35.370%, 8/25/2024 †x#^ | Affirm | 8/31/2023 | 412 | 425 | 33 |
| &nbsp;&nbsp;&nbsp; ZM17-16HV, 35.300%, 4/24/2027 †x# | Affirm | 3/31/2025 | 596 | 594 | 604 |
| &nbsp;&nbsp;&nbsp; ZM1A-UYTF, 35.540%, 5/12/2026 †§x | Affirm | 11/27/2024 | 55 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZM1I-2WM5, 35.320%, 7/22/2026 †§x | Affirm | 7/25/2024 | 173 | 173 | 175 |
| &nbsp;&nbsp;&nbsp; ZM1N-HGE1, 35.430%, 6/27/2025 †x#^ | Affirm | 7/01/2024 | 177 | 187 | 14 |
| &nbsp;&nbsp;&nbsp; ZM1P-YEGO, 29.530%, 3/22/2026 †§x | Affirm | 1/16/2026 | 35 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZM27-UXL3, 18.000%, 3/25/2026 †§x | Affirm | 9/30/2024 | 19 | 19 | 20 |
| &nbsp;&nbsp;&nbsp; ZM2Q-HJS6, 35.630%, 1/03/2025 †x#^ | Affirm | 10/07/2024 | 11 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; ZM38-W04P, 15.800%, 3/26/2026 †§x | Affirm | 9/30/2024 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; ZM3A-WA66, 33.950%, 12/19/2026 †§x | Affirm | 12/27/2024 | 283 | 289 | 291 |
| &nbsp;&nbsp;&nbsp; ZM3K-HIL2, 35.460%, 6/20/2026 †§x# | Affirm | 6/24/2024 | 421 | 420 | 423 |
| &nbsp;&nbsp;&nbsp; ZM3W-4R3W, 33.950%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 100 | 106 | 8 |
| &nbsp;&nbsp;&nbsp; ZM41-O5OH, 29.500%, 6/09/2024 †x#^ | Affirm | 6/15/2023 | 86 | 88 | 7 |
| &nbsp;&nbsp;&nbsp; ZM45-A9IC, 35.850%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 102 | 102 | 102 |
| &nbsp;&nbsp;&nbsp; ZM4G-8DLS, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 347 | 355 | 357 |
| &nbsp;&nbsp;&nbsp; ZM4V-956X, 35.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 49 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZM53-B0I8, 35.580%, 1/21/2028 †§x | Affirm | 2/13/2026 | 824 | 825 | 825 |
| &nbsp;&nbsp;&nbsp; ZM65-BFTH, 35.430%, 6/14/2025 †x#^ | Affirm | 6/21/2024 | 119 | 120 | 9 |
| &nbsp;&nbsp;&nbsp; ZM66-Z9WK, 29.430%, 3/20/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZM6M-Y53K, 22.900%, 11/05/2024 †x#^ | Affirm | 5/11/2023 | 78 | 82 | 6 |
| &nbsp;&nbsp;&nbsp; ZM6Q-5ECG, 11.829%, 2/28/2023 †x#^« | Affirm | 12/05/2022 | 26 | 25 | 2 |
| &nbsp;&nbsp;&nbsp; ZM6S-T0TU, 29.440%, 11/25/2024 †x#^ | Affirm | 5/30/2023 | 288 | 290 | 23 |
| &nbsp;&nbsp;&nbsp; ZM6U-UCRX, 35.110%, 1/03/2025 †x#^ | Affirm | 10/07/2024 | 129 | 129 | 10 |
| &nbsp;&nbsp;&nbsp; ZM6X-W81P, 26.500%, 7/09/2023 †x#^ | Affirm | 1/12/2023 | 68 | 70 | 5 |
| &nbsp;&nbsp;&nbsp; ZM6Z-W89Z, 35.760%, 7/22/2026 †§x | Affirm | 2/13/2026 | 81 | 82 | 83 |
| &nbsp;&nbsp;&nbsp; ZM70-QQIF, 24.520%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 209 | 209 | 210 |
| &nbsp;&nbsp;&nbsp; ZM72-OS0B, 19.700%, 6/02/2026 †§x | Affirm | 6/27/2025 | 137 | 138 | 138 |
| &nbsp;&nbsp;&nbsp; ZM73-801A, 28.000%, 10/21/2023 †x#^ | Affirm | 10/27/2022 | 35 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZM75-WK3G, 29.720%, 1/26/2023 †x#^ | Affirm | 1/31/2022 | 21 | 22 | 2 |
| &nbsp;&nbsp;&nbsp; ZM7I-RHZN, 33.050%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 32 | 32 | 32 |
| &nbsp;&nbsp;&nbsp; ZM7W-GCGF, 22.560%, 4/01/2025 †x#^ | Affirm | 4/04/2024 | 125 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; ZM7Z-Q93K, 35.520%, 7/13/2026 †§x | Affirm | 1/29/2025 | 110 | 110 | 110 |
| &nbsp;&nbsp;&nbsp; ZM8T-0ANQ, 35.300%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 217 | 217 | 219 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6044** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZM93-ROZH, 35.580%, 9/08/2026 †§x | Affirm | 9/26/2025 | $61 | $62 | $62 |
| &nbsp;&nbsp;&nbsp; ZM9M-3NYY, 4.446%, 7/06/2023 †x#^« | Affirm | 7/11/2022 | 79 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZM9Q-CRPH, 29.500%, 3/11/2026 †§x# | Affirm | 3/14/2024 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; ZM9W-XU9M, 22.810%, 9/03/2026 †§x# | Affirm | 3/28/2025 | 153 | 154 | 152 |
| &nbsp;&nbsp;&nbsp; ZMAJ-ZY2Y, 32.500%, 3/23/2026 †§x | Affirm | 9/26/2024 | 41 | 41 | 40 |
| &nbsp;&nbsp;&nbsp; ZMB1-OFLD, 5.815%, 1/26/2027 †§x« | Affirm | 2/13/2026 | 573 | 545 | 542 |
| &nbsp;&nbsp;&nbsp; ZMB4-KDK0, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 802 | 831 | 840 |
| &nbsp;&nbsp;&nbsp; ZMB5-NBKM, 33.000%, 11/26/2024 †x#^ | Affirm | 8/29/2024 | 428 | 423 | 34 |
| &nbsp;&nbsp;&nbsp; ZMB6-AMKK, 15.730%, 1/03/2024 †x#^ | Affirm | 7/07/2023 | 48 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; ZMB7-9KQC, 35.530%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 367 | 377 | 383 |
| &nbsp;&nbsp;&nbsp; ZMBJ-LWK0, 35.540%, 12/17/2026 †§x | Affirm | 1/16/2026 | 130 | 117 | 119 |
| &nbsp;&nbsp;&nbsp; ZMBU-SBVZ, 35.650%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 274 | 281 | 22 |
| &nbsp;&nbsp;&nbsp; ZMBW-R9X0, 35.380%, 11/24/2024 †x#^ | Affirm | 4/27/2023 | 64 | 58 | 5 |
| &nbsp;&nbsp;&nbsp; ZMBZ-3R75, 5.793%, 1/23/2027 †§x« | Affirm | 2/13/2026 | 937 | 891 | 884 |
| &nbsp;&nbsp;&nbsp; ZMBZ-AT6S, 24.950%, 4/04/2023 †x#^ | Affirm | 4/07/2022 | 170 | 175 | 14 |
| &nbsp;&nbsp;&nbsp; ZMC7-S80J, 33.950%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 73 | 73 | 74 |
| &nbsp;&nbsp;&nbsp; ZMCI-NZSZ, 35.380%, 6/12/2024 †x#^ | Affirm | 6/15/2023 | 105 | 103 | 8 |
| &nbsp;&nbsp;&nbsp; ZMCM-N6HD, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | 23 | 23 | 23 |
| &nbsp;&nbsp;&nbsp; ZMCX-ES1J, 29.200%, 1/02/2028 †§x# | Affirm | 1/29/2025 | 1430 | 1406 | 1420 |
| &nbsp;&nbsp;&nbsp; ZMD8-V930, 29.410%, 2/08/2023 †x#^ | Affirm | 8/11/2022 | 102 | 105 | 8 |
| &nbsp;&nbsp;&nbsp; ZMD8-WVTV, 27.500%, 9/16/2025 †x#^ | Affirm | 9/22/2022 | 125 | 137 | 10 |
| &nbsp;&nbsp;&nbsp; ZMDK-9Q2N, 35.900%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 34 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZMDS-N6RP, 15.800%, 6/02/2026 †§x | Affirm | 6/27/2025 | 42 | 42 | 42 |
| &nbsp;&nbsp;&nbsp; ZMDV-2WA2, 33.990%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 241 | 251 | 19 |
| &nbsp;&nbsp;&nbsp; ZMDV-VXJ1, 29.550%, 2/16/2024 †x#^ | Affirm | 8/19/2022 | 210 | 225 | 17 |
| &nbsp;&nbsp;&nbsp; ZME5-EYZC, 18.000%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 103 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZMED-1B0U, 35.450%, 10/08/2025 †x#^ | Affirm | 4/11/2024 | 371 | 375 | 30 |
| &nbsp;&nbsp;&nbsp; ZMEJ-EDH3, 35.390%, 1/11/2026 †x#^ | Affirm | 1/16/2024 | 111 | 112 | 9 |
| &nbsp;&nbsp;&nbsp; ZMEM-YI82, 35.280%, 11/09/2025 †x#^ | Affirm | 5/13/2024 | 34 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZMEN-T8FZ, 22.710%, 3/11/2026 †§x | Affirm | 9/26/2025 | 7 | 7 | 6 |
| &nbsp;&nbsp;&nbsp; ZMEZ-XOOL, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 148 | 154 | 154 |
| &nbsp;&nbsp;&nbsp; ZMF1-QQOF, 35.530%, 6/22/2026 †§x | Affirm | 1/16/2026 | 52 | 52 | 52 |
| &nbsp;&nbsp;&nbsp; ZMFH-MGIO, 22.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 104 | 104 | 105 |
| &nbsp;&nbsp;&nbsp; ZMFH-QH91, 34.990%, 2/13/2024 †x#^ | Affirm | 2/16/2023 | 210 | 203 | 17 |
| &nbsp;&nbsp;&nbsp; ZMFJ-KSH6, 23.400%, 7/13/2026 †§x# | Affirm | 1/29/2025 | 148 | 149 | 149 |
| &nbsp;&nbsp;&nbsp; ZMG1-KB53, 29.880%, 7/22/2026 †x | Affirm | 2/13/2026 | 64 | 66 | 66 |
| &nbsp;&nbsp;&nbsp; ZMG5-XU76, 32.500%, 8/10/2026 †§x | Affirm | 2/26/2025 | 59 | 59 | 58 |
| &nbsp;&nbsp;&nbsp; ZMG9-6TQM, 35.780%, 7/22/2026 †§x | Affirm | 2/13/2026 | 226 | 231 | 231 |
| &nbsp;&nbsp;&nbsp; ZMGE-GDYP, 29.620%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 430 | 439 | 34 |
| &nbsp;&nbsp;&nbsp; ZMGF-HLVB, 29.590%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 1364 | 1430 | 109 |
| &nbsp;&nbsp;&nbsp; ZMGU-SKTS, 35.570%, 6/22/2026 †§x | Affirm | 1/16/2026 | 217 | 217 | 219 |
| &nbsp;&nbsp;&nbsp; ZMH1-F8FW, 22.730%, 5/15/2026 †§x | Affirm | 11/27/2024 | 67 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; ZMHE-HASL, 33.950%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 56 | 59 | 11 |
| &nbsp;&nbsp;&nbsp; ZMHL-9M5V, 5.793%, 1/23/2027 †§x« | Affirm | 2/13/2026 | 377 | 358 | 355 |
| &nbsp;&nbsp;&nbsp; ZMHY-C6LS, 23.400%, 1/09/2028 †§x | Affirm | 1/29/2025 | 1706 | 1749 | 1759 |
| &nbsp;&nbsp;&nbsp; ZMIM-7J3U, 31.000%, 9/05/2024 †x#^ | Affirm | 9/08/2023 | 250 | 259 | 20 |
| &nbsp;&nbsp;&nbsp; ZMIZ-ZK3P, 26.900%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 153 | 159 | 12 |
| &nbsp;&nbsp;&nbsp; ZMJ4-BHW4, 29.620%, 12/24/2022 †x#^ | Affirm | 12/30/2021 | 18 | 19 | 1 |
| &nbsp;&nbsp;&nbsp; ZMJ6-6YEX, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 195 | 201 | 204 |
| &nbsp;&nbsp;&nbsp; ZMJ6-I50P, 27.950%, 2/21/2025 †x#^ | Affirm | 2/26/2024 | 85 | 88 | 7 |
| &nbsp;&nbsp;&nbsp; ZMJF-R0ND, 33.050%, 10/01/2025 †x#^ | Affirm | 10/04/2024 | 59 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; ZMJH-M9KI, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 691 | 673 | 671 |
| &nbsp;&nbsp;&nbsp; ZMJM-5KUZ, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 69 | 70 | 71 |
| &nbsp;&nbsp;&nbsp; ZMJS-TW1A, 32.500%, 10/16/2024 †x#^ | Affirm | 4/19/2024 | 170 | 174 | 14 |
| &nbsp;&nbsp;&nbsp; ZMJV-SQHR, 14.700%, 3/08/2026 †§x | Affirm | 9/26/2025 | 29 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; ZMK0-QATQ, 30.950%, 3/03/2026 †§x | Affirm | 3/28/2025 | 79 | 79 | 79 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6045** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZMK2-IHKI, 35.900%, 8/10/2025 †x#^ | Affirm | 2/26/2025 | $59 | $60 | $5 |
| &nbsp;&nbsp;&nbsp; ZMK8-QDOX, 35.650%, 6/16/2025 †x#^ | Affirm | 12/27/2024 | 45 | 45 | 4 |
| &nbsp;&nbsp;&nbsp; ZMKN-VUD4, 13.840%, 7/13/2026 †§x | Affirm | 1/29/2025 | 115 | 116 | 117 |
| &nbsp;&nbsp;&nbsp; ZML8-X63N, 29.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 143 | 150 | 150 |
| &nbsp;&nbsp;&nbsp; ZMLA-E4JL, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 86 | 87 | 87 |
| &nbsp;&nbsp;&nbsp; ZMLK-ASJH, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 90 | 92 | 93 |
| &nbsp;&nbsp;&nbsp; ZMM4-DFMZ, 24.400%, 11/15/2026 †§x | Affirm | 11/27/2024 | 649 | 662 | 665 |
| &nbsp;&nbsp;&nbsp; ZMM6-HI9Z, 11.850%, 11/20/2026 †§x | Affirm | 11/27/2024 | 296 | 302 | 303 |
| &nbsp;&nbsp;&nbsp; ZMM7-IUZQ, 28.980%, 7/28/2025 †x#^ | Affirm | 8/03/2023 | 895 | 955 | 72 |
| &nbsp;&nbsp;&nbsp; ZMMA-LV3A, 35.350%, 7/08/2026 †§x | Affirm | 7/31/2025 | 110 | 113 | 112 |
| &nbsp;&nbsp;&nbsp; ZMMF-3C4Q, 35.650%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 5376 | 5663 | 5697 |
| &nbsp;&nbsp;&nbsp; ZMML-NX1V, 29.520%, 4/07/2023 †x#^ | Affirm | 4/11/2022 | 74 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZMMN-AVX5, 32.000%, 6/22/2026 †§x | Affirm | 1/16/2026 | 54 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZMN0-9X7K, 35.630%, 12/01/2024 †x#^ | Affirm | 12/07/2023 | 25 | 26 | 2 |
| &nbsp;&nbsp;&nbsp; ZMNB-VYE9, 22.750%, 1/22/2027 †§x | Affirm | 2/13/2026 | 732 | 759 | 758 |
| &nbsp;&nbsp;&nbsp; ZMNX-AXOG, 35.500%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 84 | 84 | 7 |
| &nbsp;&nbsp;&nbsp; ZMOV-84GG, 32.000%, 9/05/2024 †x#^ | Affirm | 9/08/2023 | 918 | 914 | 73 |
| &nbsp;&nbsp;&nbsp; ZMOV-KF4I, 15.760%, 6/20/2026 †x# | Affirm | 6/24/2024 | 561 | 589 | 45 |
| &nbsp;&nbsp;&nbsp; ZMPG-U9J2, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 145 | 150 | 151 |
| &nbsp;&nbsp;&nbsp; ZMPI-S4M6, 35.290%, 1/02/2025 †x#^ | Affirm | 1/05/2024 | 584 | 601 | 47 |
| &nbsp;&nbsp;&nbsp; ZMPT-H815, 35.470%, 1/10/2025 †x#^ | Affirm | 1/16/2024 | 138 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZMPX-7Q3F, 29.810%, 2/21/2024 †x#^ | Affirm | 2/24/2023 | 180 | 174 | 14 |
| &nbsp;&nbsp;&nbsp; ZMQ6-ZB40, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 881 | 927 | 927 |
| &nbsp;&nbsp;&nbsp; ZMQC-KE38, 29.900%, 6/12/2024 †x#^ | Affirm | 6/15/2023 | 4650 | 4330 | 372 |
| &nbsp;&nbsp;&nbsp; ZMR2-AKZ2, 35.770%, 2/27/2026 †x#^ | Affirm | 3/28/2025 | 520 | 535 | 42 |
| &nbsp;&nbsp;&nbsp; ZMR2-PJUL, 32.940%, 1/08/2027 †§x | Affirm | 7/31/2025 | 174 | 177 | 176 |
| &nbsp;&nbsp;&nbsp; ZMR9-3CB3, 29.590%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 178 | 176 | 14 |
| &nbsp;&nbsp;&nbsp; ZMRE-XKPU, 35.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 92 | 91 | 93 |
| &nbsp;&nbsp;&nbsp; ZMRF-1NC3, 35.480%, 9/29/2024 †x#^ | Affirm | 10/05/2023 | 424 | 427 | 34 |
| &nbsp;&nbsp;&nbsp; ZMRG-UYTW, 29.660%, 9/28/2023 †x#^ | Affirm | 10/06/2022 | 115 | 114 | 9 |
| &nbsp;&nbsp;&nbsp; ZMRY-DD8N, 28.990%, 6/12/2024 †x#^ | Affirm | 6/15/2023 | 56 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; ZMS6-VPI6, 35.390%, 8/23/2026 †§x# | Affirm | 8/29/2024 | 579 | 577 | 587 |
| &nbsp;&nbsp;&nbsp; ZMSA-CO3B, 29.660%, 6/12/2023 †x#^ | Affirm | 12/15/2022 | 223 | 228 | 18 |
| &nbsp;&nbsp;&nbsp; ZMSD-A2G5, 26.900%, 3/03/2026 †§x | Affirm | 3/28/2025 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZMSW-JEKO, 35.520%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 146 | 143 | 12 |
| &nbsp;&nbsp;&nbsp; ZMT6-1WCK, 29.981%, 4/11/2023 †x#^ | Affirm | 10/14/2022 | 71 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZMT9-OP9F, 33.990%, 1/06/2024 †x#^ | Affirm | 1/12/2023 | 59 | 60 | 5 |
| &nbsp;&nbsp;&nbsp; ZMU1-Q2JC, 24.400%, 8/10/2026 †§x# | Affirm | 2/26/2025 | 103 | 104 | 104 |
| &nbsp;&nbsp;&nbsp; ZMUJ-LZ7P, 33.950%, 5/21/2026 †§x | Affirm | 5/24/2024 | 52 | 52 | 52 |
| &nbsp;&nbsp;&nbsp; ZMUT-QSEI, 35.520%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 103 | 101 | 8 |
| &nbsp;&nbsp;&nbsp; ZMW3-OO0W, 30.000%, 1/29/2025 †x#^ | Affirm | 6/02/2023 | 43 | 45 | 3 |
| &nbsp;&nbsp;&nbsp; ZMW7-ACAK, 33.950%, 3/20/2026 †§x | Affirm | 3/28/2025 | 107 | 107 | 107 |
| &nbsp;&nbsp;&nbsp; ZMXG-U77E, 25.900%, 12/22/2026 †§x | Affirm | 1/16/2026 | 203 | 209 | 211 |
| &nbsp;&nbsp;&nbsp; ZMXW-Z951, 29.610%, 11/14/2024 †x#^ | Affirm | 11/17/2022 | 451 | 476 | 36 |
| &nbsp;&nbsp;&nbsp; ZMY9-TNGS, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 226 | 231 | 233 |
| &nbsp;&nbsp;&nbsp; ZMYN-6JWK, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 289 | 297 | 301 |
| &nbsp;&nbsp;&nbsp; ZMZJ-BXNE, 29.550%, 8/16/2024 †x#^ | Affirm | 8/19/2022 | 360 | 393 | 29 |
| &nbsp;&nbsp;&nbsp; ZMZP-DXIM, 29.630%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 35 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZMZQ-1BKT, 35.310%, 5/06/2026 †§x | Affirm | 5/30/2025 | 29 | 29 | 28 |
| &nbsp;&nbsp;&nbsp; ZN0L-QBII, 19.700%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 95 | 98 | 8 |
| &nbsp;&nbsp;&nbsp; ZN0M-KK4O, 35.880%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 82 | 80 | 7 |
| &nbsp;&nbsp;&nbsp; ZN0P-E2MK, 33.050%, 12/02/2026 †§x# | Affirm | 6/27/2025 | 215 | 222 | 220 |
| &nbsp;&nbsp;&nbsp; ZN0X-U3ZK, 35.300%, 3/20/2026 †x# | Affirm | 3/28/2025 | 151 | 151 | 27 |
| &nbsp;&nbsp;&nbsp; ZN17-TVAZ, 32.500%, 7/02/2026 †§x | Affirm | 1/29/2025 | 91 | 91 | 90 |
| &nbsp;&nbsp;&nbsp; ZN18-Q0RZ, 18.000%, 5/15/2026 †§x | Affirm | 11/27/2024 | 81 | 81 | 81 |
| &nbsp;&nbsp;&nbsp; ZN1G-EJTF, 33.950%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 26 | 26 | 2 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6046** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZN1I-VV7U, 33.050%, 3/28/2026 †§x# | Affirm | 3/31/2025 | $7 | $7 | $7 |
| &nbsp;&nbsp;&nbsp; ZN1V-7UWM, 15.770%, 9/29/2024 †x#^ | Affirm | 10/05/2023 | 145 | 153 | 12 |
| &nbsp;&nbsp;&nbsp; ZN1Y-1SG4, 33.300%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 116 | 116 | 9 |
| &nbsp;&nbsp;&nbsp; ZN27-84C0, 29.680%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 670 | 665 | 54 |
| &nbsp;&nbsp;&nbsp; ZN2X-HMUT, 24.400%, 7/13/2026 †§x | Affirm | 1/29/2025 | 137 | 139 | 139 |
| &nbsp;&nbsp;&nbsp; ZN30-TVUW, 35.450%, 12/22/2026 †§x | Affirm | 1/16/2026 | 100 | 99 | 100 |
| &nbsp;&nbsp;&nbsp; ZN3P-8DFU, 12.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 107 | 108 | 107 |
| &nbsp;&nbsp;&nbsp; ZN3Q-7VGN, 26.500%, 12/09/2023 †x#^ | Affirm | 12/15/2022 | 131 | 134 | 10 |
| &nbsp;&nbsp;&nbsp; ZN49-L5TW, 29.530%, 6/13/2027 †§x# | Affirm | 6/16/2023 | 634 | 665 | 633 |
| &nbsp;&nbsp;&nbsp; ZN4G-3JX1, 35.400%, 3/22/2026 †§x | Affirm | 1/16/2026 | 72 | 72 | 73 |
| &nbsp;&nbsp;&nbsp; ZN4U-V3ZW, 22.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 100 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZN58-DF6Z, 35.670%, 1/02/2027 †§x | Affirm | 1/29/2025 | 259 | 256 | 259 |
| &nbsp;&nbsp;&nbsp; ZN59-AHJ4, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 396 | 386 | 384 |
| &nbsp;&nbsp;&nbsp; ZN5B-FLT5, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 185 | 186 | 187 |
| &nbsp;&nbsp;&nbsp; ZN5I-VIHQ, 29.490%, 1/02/2025 †x#^ | Affirm | 1/05/2024 | 88 | 93 | 7 |
| &nbsp;&nbsp;&nbsp; ZN5J-CVIN, 24.760%, 1/22/2027 †§x | Affirm | 2/13/2026 | 541 | 569 | 570 |
| &nbsp;&nbsp;&nbsp; ZN5W-PD1I, 26.200%, 6/27/2025 †x#^ | Affirm | 1/02/2024 | 303 | 318 | 24 |
| &nbsp;&nbsp;&nbsp; ZN5Z-GPGR, 29.630%, 4/01/2023 †x#^ | Affirm | 4/07/2022 | 226 | 223 | 18 |
| &nbsp;&nbsp;&nbsp; ZN67-UUVS, 35.470%, 11/15/2026 †§x# | Affirm | 11/27/2024 | 409 | 408 | 413 |
| &nbsp;&nbsp;&nbsp; ZN6A-T74R, 15.790%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 35 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZN6B-7FJW, 29.630%, 12/22/2026 †§x | Affirm | 1/16/2026 | 140 | 144 | 145 |
| &nbsp;&nbsp;&nbsp; ZN6H-IUW5, 35.950%, 8/03/2025 †x#^ | Affirm | 2/26/2025 | 456 | 426 | 36 |
| &nbsp;&nbsp;&nbsp; ZN6O-LRQQ, 31.450%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; ZN73-TJ2V, 22.750%, 10/18/2026 †§x | Affirm | 10/25/2024 | 208 | 211 | 212 |
| &nbsp;&nbsp;&nbsp; ZN7G-0RIC, 35.260%, 9/28/2025 †x#^ | Affirm | 3/31/2025 | 199 | 205 | 16 |
| &nbsp;&nbsp;&nbsp; ZN7N-H6NM, 23.400%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 13 | 13 | 1 |
| &nbsp;&nbsp;&nbsp; ZN7R-EK6Z, 29.506%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 50 | 48 | 50 |
| &nbsp;&nbsp;&nbsp; ZN7X-THE6, 13.656%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 91 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; ZN80-GT3L, 18.900%, 11/01/2023 †x#^ | Affirm | 11/04/2022 | 142 | 149 | 11 |
| &nbsp;&nbsp;&nbsp; ZN8Q-VJ13, 29.310%, 11/12/2022 †x#^ | Affirm | 5/16/2022 | 10 | 10 | 1 |
| &nbsp;&nbsp;&nbsp; ZN8T-9JC7, 15.820%, 7/03/2025 †x#^ | Affirm | 1/08/2024 | 216 | 227 | 17 |
| &nbsp;&nbsp;&nbsp; ZN93-D31A, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 89 | 94 | 95 |
| &nbsp;&nbsp;&nbsp; ZN9A-4OPK, 35.480%, 6/18/2025 †x#^ | Affirm | 12/27/2024 | 62 | 64 | 5 |
| &nbsp;&nbsp;&nbsp; ZN9D-D02G, 33.050%, 8/23/2025 †x#^ | Affirm | 8/29/2024 | 91 | 96 | 7 |
| &nbsp;&nbsp;&nbsp; ZN9J-SSVJ, 27.880%, 7/17/2024 †x#^ | Affirm | 1/20/2023 | 246 | 257 | 20 |
| &nbsp;&nbsp;&nbsp; ZN9O-A0JT, 35.730%, 7/22/2026 †§x | Affirm | 2/13/2026 | 74 | 76 | 77 |
| &nbsp;&nbsp;&nbsp; ZN9P-YPP0, 29.520%, 6/28/2025 †x#^ | Affirm | 7/07/2023 | 841 | 851 | 67 |
| &nbsp;&nbsp;&nbsp; ZN9Q-3DEQ, 23.400%, 9/23/2026 †§x | Affirm | 9/26/2024 | 188 | 191 | 192 |
| &nbsp;&nbsp;&nbsp; ZNAI-YYOI, 24.400%, 7/08/2026 †§x | Affirm | 7/31/2025 | 177 | 181 | 182 |
| &nbsp;&nbsp;&nbsp; ZNAK-SJ59, 12.941%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 267 | 262 | 264 |
| &nbsp;&nbsp;&nbsp; ZNAL-WLXP, 15.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 196 | 201 | 200 |
| &nbsp;&nbsp;&nbsp; ZNAT-FCCU, 29.920%, 4/22/2026 †§x | Affirm | 2/13/2026 | 45 | 45 | 46 |
| &nbsp;&nbsp;&nbsp; ZNB9-CKLG, 35.620%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 270 | 268 | 22 |
| &nbsp;&nbsp;&nbsp; ZNBV-XY4N, 35.530%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 45 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; ZNC4-77GU, 28.000%, 5/07/2023 †x#^ | Affirm | 11/10/2022 | 41 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; ZNCG-8X0I, 28.000%, 9/26/2024 †x#^ | Affirm | 10/31/2022 | 77 | 83 | 6 |
| &nbsp;&nbsp;&nbsp; ZNCP-FN9L, 33.010%, 7/01/2026 †x# | Affirm | 7/05/2024 | 905 | 897 | 72 |
| &nbsp;&nbsp;&nbsp; ZNCX-0A6S, 35.450%, 9/20/2026 †§x | Affirm | 9/26/2024 | 359 | 357 | 363 |
| &nbsp;&nbsp;&nbsp; ZND7-PQ68, 35.540%, 12/22/2026 †x | Affirm | 1/16/2026 | 464 | 461 | 468 |
| &nbsp;&nbsp;&nbsp; ZNDE-LBEB, 29.380%, 11/05/2023 †x#^ | Affirm | 5/11/2023 | 68 | 69 | 5 |
| &nbsp;&nbsp;&nbsp; ZNDE-QMT2, 35.650%, 6/02/2026 †§x | Affirm | 6/27/2025 | 13 | 14 | 13 |
| &nbsp;&nbsp;&nbsp; ZNDI-IXKL, 29.480%, 8/29/2024 †x#^ | Affirm | 9/08/2023 | 49 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; ZNDI-VPHW, 29.790%, 2/13/2024 †x#^ | Affirm | 2/16/2023 | 77 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZNDT-WW1C, 28.795%, 11/14/2023 †x#^ | Affirm | 11/17/2022 | 352 | 345 | 28 |
| &nbsp;&nbsp;&nbsp; ZNDW-V0PL, 33.090%, 9/08/2026 †§x | Affirm | 9/26/2025 | 55 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZNDX-SZ2R, 24.400%, 9/08/2026 †§x | Affirm | 9/26/2025 | 231 | 236 | 237 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6047** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZNE6-WEQR, 18.000%, 7/28/2026 †§x# | Affirm | 8/03/2023 | $347 | $352 | $352 |
| &nbsp;&nbsp;&nbsp; ZNEG-Y7Z7, 32.500%, 1/02/2026 †x#^ | Affirm | 1/29/2025 | 420 | 430 | 34 |
| &nbsp;&nbsp;&nbsp; ZNEL-JP0O, 29.620%, 3/19/2023 †x#^ | Affirm | 9/22/2022 | 30 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZNEU-GK4E, 35.370%, 8/07/2024 †x#^ | Affirm | 8/10/2023 | 94 | 88 | 8 |
| &nbsp;&nbsp;&nbsp; ZNEV-YL1K, 15.790%, 12/22/2026 †§x | Affirm | 1/16/2026 | 596 | 624 | 632 |
| &nbsp;&nbsp;&nbsp; ZNEY-STI3, 10.840%, 11/14/2026 †§x | Affirm | 11/17/2022 | 768 | 782 | 724 |
| &nbsp;&nbsp;&nbsp; ZNEZ-8GUI, 29.630%, 3/08/2026 †§x | Affirm | 9/26/2025 | 51 | 51 | 51 |
| &nbsp;&nbsp;&nbsp; ZNF6-MJY9, 35.380%, 12/04/2025 †x#^ | Affirm | 12/07/2023 | 481 | 484 | 39 |
| &nbsp;&nbsp;&nbsp; ZNFA-D4CB, 31.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 218 | 223 | 225 |
| &nbsp;&nbsp;&nbsp; ZNFD-69WO, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 154 | 157 | 159 |
| &nbsp;&nbsp;&nbsp; ZNFE-YAWT, 22.840%, 2/10/2026 †§x^ | Affirm | 2/26/2025 | 12 | 12 | 3 |
| &nbsp;&nbsp;&nbsp; ZNFY-RKTT, 35.560%, 3/11/2026 †§x | Affirm | 9/26/2025 | 7 | 7 | 7 |
| &nbsp;&nbsp;&nbsp; ZNG0-HGA1, 35.650%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 104 | 107 | 8 |
| &nbsp;&nbsp;&nbsp; ZNG7-3BVU, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 218 | 226 | 225 |
| &nbsp;&nbsp;&nbsp; ZNG9-RFVW, 35.590%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 163 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; ZNGE-D4BN, 33.950%, 3/03/2026 †x# | Affirm | 3/28/2025 | 162 | 170 | 13 |
| &nbsp;&nbsp;&nbsp; ZNGJ-I1KC, 26.700%, 4/22/2026 †§x | Affirm | 2/13/2026 | 74 | 75 | 75 |
| &nbsp;&nbsp;&nbsp; ZNGU-LGJB, 35.450%, 9/24/2026 †§x# | Affirm | 9/27/2024 | 425 | 423 | 429 |
| &nbsp;&nbsp;&nbsp; ZNH2-LI8J, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 249 | 255 | 257 |
| &nbsp;&nbsp;&nbsp; ZNHB-XMML, 29.490%, 2/28/2025 †x#^ | Affirm | 8/31/2023 | 138 | 144 | 11 |
| &nbsp;&nbsp;&nbsp; ZNHP-NENY, 35.963%, 2/22/2024 †x#^ | Affirm | 2/27/2023 | 98 | 95 | 8 |
| &nbsp;&nbsp;&nbsp; ZNHW-7X5Z, 29.710%, 2/12/2027 †§x# | Affirm | 2/26/2025 | 259 | 267 | 267 |
| &nbsp;&nbsp;&nbsp; ZNHW-LAE3, 11.860%, 6/22/2026 †§x | Affirm | 1/16/2026 | 167 | 171 | 172 |
| &nbsp;&nbsp;&nbsp; ZNHX-UVN0, 35.540%, 3/16/2026 †§x# | Affirm | 9/19/2024 | 99 | 99 | 98 |
| &nbsp;&nbsp;&nbsp; ZNI5-KQPF, 29.810%, 8/24/2024 †x#^ | Affirm | 3/02/2023 | 2045 | 2125 | 164 |
| &nbsp;&nbsp;&nbsp; ZNI8-T41D, 35.770%, 3/01/2024 †x#^ | Affirm | 3/06/2023 | 25 | 26 | 2 |
| &nbsp;&nbsp;&nbsp; ZNII-3K58, 29.560%, 6/24/2026 †§x# | Affirm | 6/27/2024 | 221 | 223 | 224 |
| &nbsp;&nbsp;&nbsp; ZNIK-5YRA, 15.760%, 10/28/2025 †x#^ | Affirm | 5/02/2024 | 202 | 212 | 16 |
| &nbsp;&nbsp;&nbsp; ZNJ1-I9IQ, 33.950%, 8/12/2026 †§x# | Affirm | 2/26/2025 | 159 | 163 | 161 |
| &nbsp;&nbsp;&nbsp; ZNJK-9BRE, 35.570%, 1/22/2027 †§x | Affirm | 2/13/2026 | 117 | 121 | 122 |
| &nbsp;&nbsp;&nbsp; ZNJR-LQMH, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 1158 | 1130 | 1125 |
| &nbsp;&nbsp;&nbsp; ZNJR-O10D, 33.950%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 24 | 24 | 24 |
| &nbsp;&nbsp;&nbsp; ZNJS-SWGF, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 74 | 76 | 76 |
| &nbsp;&nbsp;&nbsp; ZNK1-7V3A, 32.500%, 5/20/2026 †§x | Affirm | 11/27/2024 | 100 | 100 | 100 |
| &nbsp;&nbsp;&nbsp; ZNLK-2V0H, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 626 | 640 | 50 |
| &nbsp;&nbsp;&nbsp; ZNLV-AXJG, 29.600%, 1/02/2027 †§x | Affirm | 1/29/2025 | 368 | 377 | 377 |
| &nbsp;&nbsp;&nbsp; ZNM0-A5JP, 29.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 123 | 125 | 126 |
| &nbsp;&nbsp;&nbsp; ZNM4-RV4P, 35.780%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 77 | 77 | 78 |
| &nbsp;&nbsp;&nbsp; ZNML-B9YC, 35.510%, 12/22/2026 †§x | Affirm | 1/16/2026 | 124 | 127 | 129 |
| &nbsp;&nbsp;&nbsp; ZNML-GW2D, 35.250%, 5/03/2025 †x#^ | Affirm | 5/13/2024 | 27 | 27 | 2 |
| &nbsp;&nbsp;&nbsp; ZNMO-7LQU, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 636 | 629 | 630 |
| &nbsp;&nbsp;&nbsp; ZNMP-CH5H, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZNMU-CIP3, 35.540%, 12/22/2026 †§x | Affirm | 1/16/2026 | 390 | 387 | 393 |
| &nbsp;&nbsp;&nbsp; ZNNB-KOHT, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 70 | 72 | 72 |
| &nbsp;&nbsp;&nbsp; ZNNF-4F11, 24.400%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 313 | 325 | 325 |
| &nbsp;&nbsp;&nbsp; ZNO6-UV39, 24.710%, 1/03/2027 †§x | Affirm | 1/29/2025 | 1638 | 1674 | 1673 |
| &nbsp;&nbsp;&nbsp; ZNOC-9W0N, 33.050%, 6/02/2026 †§x | Affirm | 6/27/2025 | 101 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZNOV-B265, 32.490%, 11/21/2023 †x#^ | Affirm | 11/25/2022 | 97 | 102 | 8 |
| &nbsp;&nbsp;&nbsp; ZNP3-YOWG, 29.420%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; ZNP5-Z9NI, 25.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 73 | 74 | 75 |
| &nbsp;&nbsp;&nbsp; ZNP9-XO45, 18.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 240 | 249 | 250 |
| &nbsp;&nbsp;&nbsp; ZNPH-B1MS, 29.680%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 32 | 31 | 3 |
| &nbsp;&nbsp;&nbsp; ZNPM-GTKG, 28.200%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 1096 | 1118 | 88 |
| &nbsp;&nbsp;&nbsp; ZNQT-M3JK, 29.500%, 12/08/2024 †x#^ | Affirm | 12/14/2023 | 213 | 219 | 17 |
| &nbsp;&nbsp;&nbsp; ZNQX-TMPF, 33.950%, 6/19/2026 †§x | Affirm | 12/27/2024 | 35 | 36 | 35 |
| &nbsp;&nbsp;&nbsp; ZNR4-DSFD, 35.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 182 | 186 | 187 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6048** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZNRD-L7H9, 31.000%, 2/28/2025 †x#^ | Affirm | 8/31/2023 | $1452 | $1506 | $116 |
| &nbsp;&nbsp;&nbsp; ZNRK-IVIH, 33.950%, 8/11/2026 †§x# | Affirm | 2/26/2025 | 298 | 304 | 304 |
| &nbsp;&nbsp;&nbsp; ZNRV-FJMO, 30.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 504 | 520 | 524 |
| &nbsp;&nbsp;&nbsp; ZNSC-WMSQ, 35.760%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 207 | 206 | 17 |
| &nbsp;&nbsp;&nbsp; ZNSR-ZXG6, 14.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 372 | 385 | 386 |
| &nbsp;&nbsp;&nbsp; ZNST-18N3, 12.941%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 1565 | 1536 | 1542 |
| &nbsp;&nbsp;&nbsp; ZNSY-RI90, 27.100%, 5/10/2024 †x#^ | Affirm | 11/17/2022 | 215 | 230 | 17 |
| &nbsp;&nbsp;&nbsp; ZNT3-2N3B, 29.570%, 3/12/2026 †x# | Affirm | 12/15/2023 | 2004 | 2014 | 160 |
| &nbsp;&nbsp;&nbsp; ZNT3-8XB2, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 257 | 264 | 265 |
| &nbsp;&nbsp;&nbsp; ZNT3-TXDD, 33.950%, 6/02/2026 †§x | Affirm | 6/27/2025 | 62 | 63 | 63 |
| &nbsp;&nbsp;&nbsp; ZNTI-JCF1, 29.600%, 6/19/2026 †§x | Affirm | 12/27/2024 | 43 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZNTI-KPOY, 16.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 70 | 69 | 69 |
| &nbsp;&nbsp;&nbsp; ZNTI-XI54, 29.410%, 3/08/2023 †x#^ | Affirm | 3/11/2022 | 59 | 58 | 5 |
| &nbsp;&nbsp;&nbsp; ZNUC-4L3H, 33.950%, 6/18/2025 †x#^ | Affirm | 12/27/2024 | 12 | 12 | 1 |
| &nbsp;&nbsp;&nbsp; ZNUC-6NLP, 29.480%, 8/07/2024 †x#^ | Affirm | 8/10/2023 | 34 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; ZNUE-BYD3, 15.740%, 4/15/2025 †x#^ | Affirm | 4/18/2024 | 472 | 495 | 38 |
| &nbsp;&nbsp;&nbsp; ZNUE-T3UA, 33.950%, 7/22/2026 †x | Affirm | 2/13/2026 | 200 | 203 | 205 |
| &nbsp;&nbsp;&nbsp; ZNUE-WZJJ, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 404 | 400 | 400 |
| &nbsp;&nbsp;&nbsp; ZNUJ-5EPH, 35.580%, 2/20/2025 †x#^ | Affirm | 2/23/2024 | 314 | 314 | 25 |
| &nbsp;&nbsp;&nbsp; ZNUT-P54E, 35.380%, 8/21/2024 †x#^ | Affirm | 8/24/2023 | 83 | 83 | 7 |
| &nbsp;&nbsp;&nbsp; ZNUZ-CRYI, 31.552%, 7/25/2025 †x#^ | Affirm | 7/29/2024 | 238 | 248 | 19 |
| &nbsp;&nbsp;&nbsp; ZNVQ-J9HB, 35.280%, 7/29/2024 †x#^ | Affirm | 8/03/2023 | 451 | 466 | 36 |
| &nbsp;&nbsp;&nbsp; ZNW1-DW8I, 11.830%, 4/21/2026 †§x | Affirm | 10/24/2024 | 54 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZNW4-FK1X, 22.200%, 10/25/2026 †§x | Affirm | 10/28/2022 | 446 | 454 | 424 |
| &nbsp;&nbsp;&nbsp; ZNWE-4B6Z, 15.810%, 5/15/2026 †§x | Affirm | 11/27/2024 | 49 | 50 | 50 |
| &nbsp;&nbsp;&nbsp; ZNWH-CXXI, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 99 | 103 | 104 |
| &nbsp;&nbsp;&nbsp; ZNWV-QFFE, 11.820%, 10/02/2027 †§x | Affirm | 10/05/2023 | 985 | 1041 | 1008 |
| &nbsp;&nbsp;&nbsp; ZNWZ-4MZJ, 35.490%, 10/25/2026 †§x | Affirm | 10/31/2024 | 1116 | 1109 | 1132 |
| &nbsp;&nbsp;&nbsp; ZNX9-F4ZX, 29.510%, 8/25/2025 †x#^ | Affirm | 8/31/2023 | 854 | 864 | 68 |
| &nbsp;&nbsp;&nbsp; ZNXA-L4UR, 15.720%, 7/28/2025 †x#^ | Affirm | 9/05/2023 | 130 | 135 | 10 |
| &nbsp;&nbsp;&nbsp; ZNXB-QEAH, 29.550%, 4/26/2026 †x# | Affirm | 5/02/2024 | 592 | 616 | 47 |
| &nbsp;&nbsp;&nbsp; ZNXN-8OBG, 24.400%, 1/02/2029 †§x | Affirm | 1/29/2025 | 1257 | 1335 | 1341 |
| &nbsp;&nbsp;&nbsp; ZNY1-KKXZ, 29.820%, 3/02/2024 †x#^ | Affirm | 9/09/2022 | 218 | 234 | 17 |
| &nbsp;&nbsp;&nbsp; ZNY2-KOPZ, 35.550%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 161 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; ZNY8-BNO1, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 314 | 315 | 317 |
| &nbsp;&nbsp;&nbsp; ZNYA-BIFQ, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 9 | 10 | 9 |
| &nbsp;&nbsp;&nbsp; ZNYE-021R, 26.500%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 2434 | 2383 | 195 |
| &nbsp;&nbsp;&nbsp; ZNYR-5X81, 22.900%, 5/21/2025 †x#^ | Affirm | 5/24/2024 | 49 | 52 | 4 |
| &nbsp;&nbsp;&nbsp; ZNZM-24Y5, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 109 | 112 | 113 |
| &nbsp;&nbsp;&nbsp; ZNZR-YFTS, 27.950%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 70 | 72 | 7 |
| &nbsp;&nbsp;&nbsp; ZO04-ZNFN, 28.000%, 10/18/2024 †x#^ | Affirm | 10/21/2022 | 877 | 946 | 70 |
| &nbsp;&nbsp;&nbsp; ZO05-BFJD, 30.950%, 3/10/2026 †§x | Affirm | 9/26/2025 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; ZO0N-YU5O, 25.900%, 3/28/2025 †x#^ | Affirm | 4/01/2024 | 92 | 95 | 7 |
| &nbsp;&nbsp;&nbsp; ZO0W-OXZ7, 35.470%, 9/27/2024 †x#^ | Affirm | 10/02/2023 | 1640 | 1550 | 131 |
| &nbsp;&nbsp;&nbsp; ZO1U-FOX8, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 151 | 159 | 160 |
| &nbsp;&nbsp;&nbsp; ZO1W-ETIM, 35.520%, 6/24/2027 †§x# | Affirm | 1/16/2026 | 643 | 665 | 681 |
| &nbsp;&nbsp;&nbsp; ZO2C-PBSN, 35.450%, 4/15/2026 †x# | Affirm | 4/18/2024 | 686 | 699 | 55 |
| &nbsp;&nbsp;&nbsp; ZO2E-4OFP, 29.620%, 3/08/2026 †§x | Affirm | 9/26/2025 | 46 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZO3L-XYMB, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZO3Q-8OUZ, 29.550%, 4/10/2026 †§x | Affirm | 4/15/2024 | 54 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZO3V-UZBI, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 97 | 97 | 98 |
| &nbsp;&nbsp;&nbsp; ZO4D-3S0A, 29.540%, 6/07/2023 †x#^ | Affirm | 6/10/2022 | 94 | 97 | 8 |
| &nbsp;&nbsp;&nbsp; ZO4I-5CR1, 25.200%, 7/21/2027 †§x | Affirm | 2/13/2026 | 838 | 894 | 896 |
| &nbsp;&nbsp;&nbsp; ZO4K-I9HC, 35.490%, 1/21/2028 †§x | Affirm | 2/13/2026 | 1252 | 1253 | 1254 |
| &nbsp;&nbsp;&nbsp; ZO4T-B4CN, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 168 | 177 | 177 |
| &nbsp;&nbsp;&nbsp; ZO66-MCHQ, 32.500%, 3/19/2026 †§x# | Affirm | 9/23/2024 | 153 | 153 | 152 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6049** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZO6H-JFZT, 35.490%, 10/28/2025 †x#^ | Affirm | 10/31/2024 | $59 | $59 | $5 |
| &nbsp;&nbsp;&nbsp; ZO6T-W3DN, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 233 | 238 | 240 |
| &nbsp;&nbsp;&nbsp; ZO7A-ZPVM, 35.930%, 7/22/2026 †§x | Affirm | 2/13/2026 | 47 | 47 | 48 |
| &nbsp;&nbsp;&nbsp; ZO7D-VMI2, 35.400%, 7/03/2025 †x#^ | Affirm | 1/08/2024 | 254 | 254 | 20 |
| &nbsp;&nbsp;&nbsp; ZO7I-3NI4, 35.540%, 3/02/2025 †x#^ | Affirm | 1/05/2024 | 159 | 159 | 13 |
| &nbsp;&nbsp;&nbsp; ZO7I-7ZOR, 35.200%, 3/20/2026 †§x | Affirm | 3/28/2025 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZO7O-3LQO, 35.000%, 9/08/2026 †§x | Affirm | 9/26/2025 | 59 | 61 | 60 |
| &nbsp;&nbsp;&nbsp; ZO7U-Z0W2, 35.490%, 10/21/2026 †§x | Affirm | 10/24/2024 | 608 | 605 | 614 |
| &nbsp;&nbsp;&nbsp; ZO8N-XV5J, 5.949%, 7/13/2023 †x#^« | Affirm | 7/18/2022 | 80 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZO98-84ER, 29.590%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 73 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZO9G-R9L4, 35.420%, 12/22/2026 †§x | Affirm | 1/16/2026 | 136 | 135 | 138 |
| &nbsp;&nbsp;&nbsp; ZO9Q-2520, 35.540%, 3/08/2026 †§x | Affirm | 9/26/2025 | 52 | 52 | 52 |
| &nbsp;&nbsp;&nbsp; ZO9X-JV7X, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 88 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; ZOA4-FVD5, 27.500%, 5/14/2024 †x#^ | Affirm | 11/17/2022 | 139 | 149 | 11 |
| &nbsp;&nbsp;&nbsp; ZOA7-L0Q6, 29.970%, 4/22/2026 †§x | Affirm | 2/13/2026 | 75 | 75 | 76 |
| &nbsp;&nbsp;&nbsp; ZOAD-IO3M, 34.010%, 10/28/2023 †x#^ | Affirm | 11/03/2022 | 31 | 32 | 2 |
| &nbsp;&nbsp;&nbsp; ZOAE-DV3I, 28.500%, 2/28/2024 †x#^ | Affirm | 9/09/2022 | 66 | 69 | 5 |
| &nbsp;&nbsp;&nbsp; ZOAL-WYOL, 32.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 131 | 137 | 139 |
| &nbsp;&nbsp;&nbsp; ZOAO-C48M, 29.710%, 6/22/2026 †§x | Affirm | 1/16/2026 | 70 | 71 | 72 |
| &nbsp;&nbsp;&nbsp; ZOAY-0JUO, 28.970%, 5/17/2025 †x#^ | Affirm | 5/22/2023 | 317 | 336 | 25 |
| &nbsp;&nbsp;&nbsp; ZOB8-2HHW, 35.710%, 2/10/2026 †§x^ | Affirm | 2/26/2025 | 12 | 12 | 3 |
| &nbsp;&nbsp;&nbsp; ZOBJ-BJPI, 35.610%, 8/12/2026 †§x | Affirm | 2/26/2025 | 151 | 153 | 151 |
| &nbsp;&nbsp;&nbsp; ZOBS-ZK52, 29.590%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 15 | 16 | 1 |
| &nbsp;&nbsp;&nbsp; ZOBZ-1G1K, 29.580%, 10/28/2026 †x# | Affirm | 10/31/2024 | 325 | 341 | 26 |
| &nbsp;&nbsp;&nbsp; ZOC6-2X1S, 29.550%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | 767 | 719 | 61 |
| &nbsp;&nbsp;&nbsp; ZOCE-RHT2, 13.840%, 5/15/2026 †§x | Affirm | 11/27/2024 | 74 | 74 | 75 |
| &nbsp;&nbsp;&nbsp; ZOCI-UO1F, 25.000%, 11/21/2023 †x#^ | Affirm | 11/25/2022 | 31 | 32 | 2 |
| &nbsp;&nbsp;&nbsp; ZOCK-5THZ, 29.970%, 4/22/2026 †§x | Affirm | 2/13/2026 | 117 | 118 | 120 |
| &nbsp;&nbsp;&nbsp; ZOD9-6NFE, 25.900%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 17 | 17 | 17 |
| &nbsp;&nbsp;&nbsp; ZODB-JEF6, 29.940%, 4/22/2026 †§x | Affirm | 2/13/2026 | 71 | 71 | 72 |
| &nbsp;&nbsp;&nbsp; ZODM-OTKW, 33.950%, 6/24/2027 †§x | Affirm | 1/16/2026 | 916 | 975 | 988 |
| &nbsp;&nbsp;&nbsp; ZODS-5WSP, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 289 | 282 | 280 |
| &nbsp;&nbsp;&nbsp; ZODU-YXMW, 32.000%, 6/06/2026 †x | Affirm | 5/30/2025 | 109 | 110 | 110 |
| &nbsp;&nbsp;&nbsp; ZOE6-0F7C, 35.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 71 | 72 | 72 |
| &nbsp;&nbsp;&nbsp; ZOEC-FE76, 29.650%, 2/26/2025 †x#^ | Affirm | 2/29/2024 | 344 | 318 | 28 |
| &nbsp;&nbsp;&nbsp; ZOEO-FQN9, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 237 | 233 | 19 |
| &nbsp;&nbsp;&nbsp; ZOF7-CM75, 35.880%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 87 | 89 | 88 |
| &nbsp;&nbsp;&nbsp; ZOFK-V94O, 29.720%, 1/24/2023 †x#^ | Affirm | 1/27/2022 | 22 | 21 | 2 |
| &nbsp;&nbsp;&nbsp; ZOFT-KZTS, 30.950%, 8/12/2026 †§x | Affirm | 2/26/2025 | 569 | 578 | 579 |
| &nbsp;&nbsp;&nbsp; ZOG6-NWP0, 29.730%, 1/22/2027 †§x | Affirm | 2/13/2026 | 114 | 120 | 121 |
| &nbsp;&nbsp;&nbsp; ZOGB-UN1X, 35.220%, 3/20/2026 †x# | Affirm | 3/28/2025 | 138 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZOGF-L1IQ, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 149 | 152 | 153 |
| &nbsp;&nbsp;&nbsp; ZOGL-MSOD, 23.400%, 5/06/2026 †§x | Affirm | 5/30/2025 | 173 | 174 | 174 |
| &nbsp;&nbsp;&nbsp; ZOH2-HH5X, 33.950%, 9/05/2026 †x# | Affirm | 9/08/2023 | 538 | 595 | 43 |
| &nbsp;&nbsp;&nbsp; ZOH7-9ZSI, 11.870%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 57 | 60 | 5 |
| &nbsp;&nbsp;&nbsp; ZOHI-B816, 29.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 123 | 126 | 126 |
| &nbsp;&nbsp;&nbsp; ZOHS-7TX3, 35.570%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 168 | 173 | 174 |
| &nbsp;&nbsp;&nbsp; ZOII-M2XE, 35.480%, 8/23/2026 †§x | Affirm | 8/29/2024 | 245 | 244 | 248 |
| &nbsp;&nbsp;&nbsp; ZOII-RYRL, 29.650%, 7/06/2024 †x#^ | Affirm | 1/12/2023 | 164 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; ZOIU-GVPU, 31.200%, 8/11/2026 †§x | Affirm | 2/26/2025 | 167 | 166 | 166 |
| &nbsp;&nbsp;&nbsp; ZOJB-VF5P, 29.630%, 4/05/2023 †x#^ | Affirm | 10/11/2022 | 77 | 79 | 6 |
| &nbsp;&nbsp;&nbsp; ZOJC-S2L1, 35.330%, 7/22/2026 †x# | Affirm | 7/25/2024 | 2419 | 2398 | 194 |
| &nbsp;&nbsp;&nbsp; ZOJN-OJ9X, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 151 | 157 | 158 |
| &nbsp;&nbsp;&nbsp; ZOJQ-CEZ5, 33.950%, 3/22/2026 †§x | Affirm | 1/16/2026 | 39 | 39 | 40 |
| &nbsp;&nbsp;&nbsp; ZOK4-7O0U, 27.500%, 11/01/2023 †x#^ | Affirm | 11/04/2022 | 78 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; ZOK9-Q8MM, 13.840%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 341 | 354 | 354 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6050** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZOKB-WBG8, 35.780%, 7/22/2026 †§x | Affirm | 2/13/2026 | $34 | $35 | $35 |
| &nbsp;&nbsp;&nbsp; ZOKH-5UCU, 31.000%, 1/21/2029 †x | Affirm | 2/13/2026 | 4917 | 5308 | 5293 |
| &nbsp;&nbsp;&nbsp; ZOKL-FAU6, 32.000%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 1871 | 1958 | 1991 |
| &nbsp;&nbsp;&nbsp; ZOKM-0JT0, 35.710%, 8/10/2026 †§x | Affirm | 2/26/2025 | 483 | 489 | 483 |
| &nbsp;&nbsp;&nbsp; ZOKS-F5KQ, 29.981%, 6/05/2024 †x#^ | Affirm | 6/08/2023 | 44 | 41 | 4 |
| &nbsp;&nbsp;&nbsp; ZOKS-NGZX, 23.400%, 5/23/2026 †§x | Affirm | 5/28/2024 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZOKW-PX35, 15.810%, 9/08/2026 †§x | Affirm | 9/26/2025 | 66 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; ZOL1-SYYI, 35.420%, 10/24/2025 †x#^ | Affirm | 10/28/2024 | 156 | 156 | 12 |
| &nbsp;&nbsp;&nbsp; ZOL7-0PT8, 33.950%, 1/06/2027 †§x | Affirm | 1/29/2025 | 758 | 772 | 776 |
| &nbsp;&nbsp;&nbsp; ZOLW-IC2U, 35.620%, 6/22/2026 †§x | Affirm | 1/16/2026 | 71 | 71 | 72 |
| &nbsp;&nbsp;&nbsp; ZOM1-790R, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 82 | 83 | 84 |
| &nbsp;&nbsp;&nbsp; ZOMH-4Q0U, 24.400%, 7/02/2026 †§x# | Affirm | 1/29/2025 | 86 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; ZOMH-DD1P, 30.000%, 11/05/2024 †x#^ | Affirm | 5/11/2023 | 280 | 295 | 22 |
| &nbsp;&nbsp;&nbsp; ZON6-Q1OH, 32.000%, 1/21/2028 †x# | Affirm | 2/13/2026 | 7416 | 7941 | 7989 |
| &nbsp;&nbsp;&nbsp; ZONF-98HK, 28.000%, 10/26/2023 †x#^ | Affirm | 10/31/2022 | 69 | 72 | 5 |
| &nbsp;&nbsp;&nbsp; ZONN-J36A, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 170 | 173 | 174 |
| &nbsp;&nbsp;&nbsp; ZONU-OUXS, 26.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 42 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZONX-IUMV, 18.000%, 8/10/2026 †§x | Affirm | 2/26/2025 | 592 | 601 | 602 |
| &nbsp;&nbsp;&nbsp; ZOOF-TQGY, 16.700%, 2/10/2024 †x#^ | Affirm | 2/16/2023 | 242 | 252 | 19 |
| &nbsp;&nbsp;&nbsp; ZOOQ-VDGZ, 35.560%, 1/22/2027 †x# | Affirm | 2/13/2026 | 201 | 200 | 200 |
| &nbsp;&nbsp;&nbsp; ZOOS-NRQQ, 18.000%, 12/19/2026 †§x# | Affirm | 12/27/2024 | 209 | 214 | 214 |
| &nbsp;&nbsp;&nbsp; ZOOV-GBP1, 29.610%, 11/28/2024 †x#^ | Affirm | 12/05/2022 | 621 | 655 | 50 |
| &nbsp;&nbsp;&nbsp; ZOOW-CRVL, 32.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 149 | 157 | 159 |
| &nbsp;&nbsp;&nbsp; ZOPA-EMYS, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 94 | 92 | 91 |
| &nbsp;&nbsp;&nbsp; ZOPC-6ZAN, 35.300%, 3/07/2026 †§x | Affirm | 3/28/2025 | 24 | 22 | 23 |
| &nbsp;&nbsp;&nbsp; ZOPW-ILLL, 33.050%, 7/02/2026 †§x | Affirm | 1/29/2025 | 407 | 413 | 411 |
| &nbsp;&nbsp;&nbsp; ZOPX-UUHF, 29.660%, 9/16/2023 †x#^ | Affirm | 9/22/2022 | 138 | 142 | 11 |
| &nbsp;&nbsp;&nbsp; ZOQ2-BCLU, 33.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 56 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZOQ6-D73E, 32.500%, 9/20/2025 †x#^ | Affirm | 3/28/2025 | 154 | 158 | 12 |
| &nbsp;&nbsp;&nbsp; ZOQD-QX7B, 22.700%, 12/22/2026 †§x | Affirm | 1/16/2026 | 307 | 321 | 325 |
| &nbsp;&nbsp;&nbsp; ZOQH-T47W, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 93 | 95 | 96 |
| &nbsp;&nbsp;&nbsp; ZOQU-G0XC, 29.690%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 141 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZOQX-EGP8, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 71 | 73 | 74 |
| &nbsp;&nbsp;&nbsp; ZOQX-S68L, 15.750%, 2/23/2026 †x#^ | Affirm | 8/29/2024 | 251 | 267 | 20 |
| &nbsp;&nbsp;&nbsp; ZORC-1CQC, 26.700%, 9/29/2023 †x#^ | Affirm | 7/03/2023 | 26 | 27 | 2 |
| &nbsp;&nbsp;&nbsp; ZORH-XQCN, 29.600%, 3/08/2026 †§x | Affirm | 9/26/2025 | 45 | 45 | 45 |
| &nbsp;&nbsp;&nbsp; ZORT-Z691, 29.570%, 12/19/2024 †x#^ | Affirm | 12/22/2022 | 490 | 517 | 39 |
| &nbsp;&nbsp;&nbsp; ZORU-8QPD, 32.500%, 9/06/2024 †x#^ | Affirm | 9/11/2023 | 2370 | 2224 | 190 |
| &nbsp;&nbsp;&nbsp; ZOTC-3JOG, 23.400%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 42 | 42 | 42 |
| &nbsp;&nbsp;&nbsp; ZOTF-76VB, 35.300%, 3/26/2027 †§x# | Affirm | 3/31/2025 | 210 | 209 | 210 |
| &nbsp;&nbsp;&nbsp; ZOU0-N7YP, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 294 | 292 | 296 |
| &nbsp;&nbsp;&nbsp; ZOUH-T19R, 23.400%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 233 | 238 | 238 |
| &nbsp;&nbsp;&nbsp; ZOUJ-3XNZ, 33.050%, 5/03/2025 †x#^ | Affirm | 2/26/2025 | 72 | 72 | 6 |
| &nbsp;&nbsp;&nbsp; ZOUJ-94D5, 35.250%, 6/07/2024 †x#^ | Affirm | 12/11/2023 | 49 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; ZOVC-MR7L, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 223 | 234 | 237 |
| &nbsp;&nbsp;&nbsp; ZOVF-PA7X, 29.530%, 12/28/2025 †x#^ | Affirm | 1/02/2024 | 287 | 288 | 23 |
| &nbsp;&nbsp;&nbsp; ZOVH-O6ZT, 11.890%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 126 | 125 | 126 |
| &nbsp;&nbsp;&nbsp; ZOVN-BPCL, 30.000%, 11/05/2023 †x#^ | Affirm | 5/11/2023 | 100 | 102 | 8 |
| &nbsp;&nbsp;&nbsp; ZOVQ-E72A, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 137 | 136 | 136 |
| &nbsp;&nbsp;&nbsp; ZOW8-V794, 32.500%, 9/26/2026 †§x# | Affirm | 9/30/2024 | 247 | 246 | 250 |
| &nbsp;&nbsp;&nbsp; ZOX4-2ON4, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 384 | 382 | 388 |
| &nbsp;&nbsp;&nbsp; ZOYM-0RX2, 24.920%, 7/06/2025 †x#^ | Affirm | 1/29/2025 | 66 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; ZOYP-6JML, 33.050%, 9/26/2026 †§x# | Affirm | 9/30/2024 | 425 | 432 | 433 |
| &nbsp;&nbsp;&nbsp; ZOZ2-UWS8, 24.400%, 9/08/2029 †§x | Affirm | 9/26/2025 | 1534 | 1683 | 1714 |
| &nbsp;&nbsp;&nbsp; ZOZA-QTB0, 35.580%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 274 | 280 | 280 |
| &nbsp;&nbsp;&nbsp; ZOZI-GBJ2, 24.840%, 4/07/2026 †x# | Affirm | 2/26/2025 | 833 | 876 | 67 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6051** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZOZN-NEV4, 30.950%, 3/28/2026 †§x# | Affirm | 3/31/2025 | $47 | $47 | $48 |
| &nbsp;&nbsp;&nbsp; ZP00-29JL, 29.730%, 8/23/2024 †x#^ | Affirm | 2/27/2023 | 165 | 174 | 13 |
| &nbsp;&nbsp;&nbsp; ZP00-70NN, 32.500%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 51 | 51 | 51 |
| &nbsp;&nbsp;&nbsp; ZP0B-G7HP, 27.000%, 1/12/2024 †x#^ | Affirm | 1/17/2023 | 58 | 60 | 5 |
| &nbsp;&nbsp;&nbsp; ZP0K-WX1F, 26.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 66 | 68 | 68 |
| &nbsp;&nbsp;&nbsp; ZP0O-BS5O, 24.400%, 8/10/2026 †§x | Affirm | 2/26/2025 | 107 | 109 | 109 |
| &nbsp;&nbsp;&nbsp; ZP0R-H8YJ, 13.840%, 6/27/2026 †§x# | Affirm | 7/01/2024 | 795 | 802 | 802 |
| &nbsp;&nbsp;&nbsp; ZP0S-GB8N, 35.440%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 184 | 181 | 15 |
| &nbsp;&nbsp;&nbsp; ZP0X-C4QE, 29.660%, 5/24/2023 †x#^ | Affirm | 11/29/2021 | 206 | 197 | 16 |
| &nbsp;&nbsp;&nbsp; ZP14-96BM, 28.110%, 1/04/2023 †x#^ | Affirm | 1/07/2022 | 57 | 54 | 5 |
| &nbsp;&nbsp;&nbsp; ZP1H-5FUF, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 313 | 321 | 323 |
| &nbsp;&nbsp;&nbsp; ZP1J-X8SD, 33.050%, 8/10/2026 †§x | Affirm | 2/26/2025 | 357 | 365 | 364 |
| &nbsp;&nbsp;&nbsp; ZP1N-K6QC, 35.480%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 15 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZP1O-KMEF, 35.710%, 8/11/2026 †§x | Affirm | 2/26/2025 | 273 | 276 | 273 |
| &nbsp;&nbsp;&nbsp; ZP1R-OZE0, 35.490%, 10/28/2026 †§x# | Affirm | 10/31/2024 | 1252 | 1244 | 1250 |
| &nbsp;&nbsp;&nbsp; ZP1S-SCVK, 35.300%, 3/20/2026 †§x | Affirm | 3/28/2025 | 66 | 66 | 66 |
| &nbsp;&nbsp;&nbsp; ZP1U-MGU2, 33.950%, 9/03/2025 †x#^ | Affirm | 3/28/2025 | 29 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZP27-7GUC, 24.400%, 5/20/2026 †§x | Affirm | 11/27/2024 | 55 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZP27-XS1Q, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 820 | 799 | 796 |
| &nbsp;&nbsp;&nbsp; ZP2F-UEJY, 15.690%, 2/07/2024 †x#^ | Affirm | 8/10/2023 | 211 | 216 | 17 |
| &nbsp;&nbsp;&nbsp; ZP36-DGKA, 6.654%, 6/26/2027 †§x« | Affirm | 7/01/2024 | 523 | 480 | 467 |
| &nbsp;&nbsp;&nbsp; ZP3D-LTCM, 29.710%, 1/19/2024 †x#^ | Affirm | 1/23/2023 | 129 | 132 | 10 |
| &nbsp;&nbsp;&nbsp; ZP3J-P6PU, 33.030%, 10/25/2025 †x#^ | Affirm | 10/31/2024 | 49 | 51 | 4 |
| &nbsp;&nbsp;&nbsp; ZP3L-UBPY, 35.820%, 7/22/2026 †§x | Affirm | 2/13/2026 | 86 | 87 | 88 |
| &nbsp;&nbsp;&nbsp; ZP3T-N0VK, 29.610%, 12/10/2022 †x#^ | Affirm | 12/16/2021 | 33 | 32 | 3 |
| &nbsp;&nbsp;&nbsp; ZP3Y-T0PN, 29.710%, 12/02/2026 †§x# | Affirm | 6/27/2025 | 229 | 236 | 234 |
| &nbsp;&nbsp;&nbsp; ZP40-T3MU, 35.770%, 7/22/2026 †§x | Affirm | 2/13/2026 | 157 | 160 | 160 |
| &nbsp;&nbsp;&nbsp; ZP45-JYOJ, 35.560%, 1/22/2027 †§x | Affirm | 2/13/2026 | 356 | 354 | 359 |
| &nbsp;&nbsp;&nbsp; ZP46-AD7S, 35.440%, 6/19/2026 †x | Affirm | 12/27/2024 | 118 | 117 | 117 |
| &nbsp;&nbsp;&nbsp; ZP4V-TC7J, 28.000%, 1/20/2023 †x#^ | Affirm | 1/24/2022 | 36 | 36 | 3 |
| &nbsp;&nbsp;&nbsp; ZP4Y-5KT9, 23.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 521 | 541 | 540 |
| &nbsp;&nbsp;&nbsp; ZP53-EHZR, 28.000%, 6/16/2024 †x#^ | Affirm | 12/22/2022 | 18 | 19 | 1 |
| &nbsp;&nbsp;&nbsp; ZP56-NLUV, 35.400%, 5/07/2026 †x# | Affirm | 5/13/2024 | 287 | 292 | 23 |
| &nbsp;&nbsp;&nbsp; ZP5I-54QN, 35.580%, 8/26/2025 †x#^ | Affirm | 2/29/2024 | 333 | 334 | 27 |
| &nbsp;&nbsp;&nbsp; ZP5Q-LJQF, 27.950%, 4/28/2026 †x# | Affirm | 10/31/2024 | 202 | 209 | 16 |
| &nbsp;&nbsp;&nbsp; ZP5T-FUSR, 33.050%, 3/11/2026 †§x | Affirm | 9/26/2025 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; ZP6C-3704, 33.950%, 1/08/2027 †§x# | Affirm | 7/31/2025 | 124 | 128 | 127 |
| &nbsp;&nbsp;&nbsp; ZP6U-OPOH, 35.440%, 12/02/2026 †x# | Affirm | 6/27/2025 | 1757 | 1805 | 64 |
| &nbsp;&nbsp;&nbsp; ZP7I-D6MD, 35.790%, 7/22/2026 †§x | Affirm | 2/13/2026 | 259 | 264 | 264 |
| &nbsp;&nbsp;&nbsp; ZP7I-NT55, 35.570%, 1/22/2027 †§x | Affirm | 2/13/2026 | 208 | 215 | 217 |
| &nbsp;&nbsp;&nbsp; ZP7N-B1WY, 33.950%, 8/07/2026 †§x | Affirm | 2/26/2025 | 141 | 144 | 143 |
| &nbsp;&nbsp;&nbsp; ZP7Q-RG0X, 33.950%, 3/16/2026 †§x | Affirm | 9/19/2024 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; ZP7V-P6VY, 35.460%, 8/21/2025 †x#^ | Affirm | 8/26/2024 | 249 | 258 | 20 |
| &nbsp;&nbsp;&nbsp; ZP83-17VR, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 182 | 188 | 190 |
| &nbsp;&nbsp;&nbsp; ZP8B-LLUI, 35.710%, 8/06/2026 †§x | Affirm | 2/26/2025 | 390 | 395 | 390 |
| &nbsp;&nbsp;&nbsp; ZP8D-7P2T, 11.820%, 6/20/2026 †§x# | Affirm | 6/24/2024 | 785 | 791 | 793 |
| &nbsp;&nbsp;&nbsp; ZP8F-LW13, 35.530%, 12/17/2026 †§x | Affirm | 1/16/2026 | 379 | 341 | 347 |
| &nbsp;&nbsp;&nbsp; ZP8I-S39L, 29.500%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 836 | 764 | 67 |
| &nbsp;&nbsp;&nbsp; ZP8M-DR55, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 230 | 229 | 229 |
| &nbsp;&nbsp;&nbsp; ZP8O-SDRO, 29.110%, 6/07/2023 †x#^ | Affirm | 12/10/2021 | 258 | 246 | 21 |
| &nbsp;&nbsp;&nbsp; ZP93-XUYV, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 448 | 445 | 452 |
| &nbsp;&nbsp;&nbsp; ZP9H-AJON, 29.690%, 7/21/2027 †§x | Affirm | 2/13/2026 | 241 | 257 | 257 |
| &nbsp;&nbsp;&nbsp; ZPA9-WQYD, 35.470%, 12/01/2024 †x#^ | Affirm | 12/07/2023 | 276 | 257 | 22 |
| &nbsp;&nbsp;&nbsp; ZPAA-XI5B, 33.950%, 7/08/2025 †x#^ | Affirm | 1/29/2025 | 40 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; ZPAB-MY0J, 15.760%, 10/26/2024 †x#^ | Affirm | 10/31/2022 | 203 | 221 | 16 |
| &nbsp;&nbsp;&nbsp; ZPB1-QZ99, 35.560%, 11/15/2026 †§x | Affirm | 11/27/2024 | 276 | 275 | 279 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6052** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZPBJ-E58C, 29.540%, 7/03/2024 †x#^ | Affirm | 7/07/2023 | $49 | $49 | $4 |
| &nbsp;&nbsp;&nbsp; ZPBS-BZZZ, 33.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 34 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZPC3-TDC8, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 476 | 474 | 474 |
| &nbsp;&nbsp;&nbsp; ZPC6-I8RV, 35.540%, 9/26/2026 †§x# | Affirm | 9/30/2024 | 245 | 244 | 248 |
| &nbsp;&nbsp;&nbsp; ZPD3-UQ95, 35.710%, 8/11/2026 †§x | Affirm | 2/26/2025 | 482 | 488 | 483 |
| &nbsp;&nbsp;&nbsp; ZPD4-T8LW, 35.770%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 112 | 111 | 21 |
| &nbsp;&nbsp;&nbsp; ZPD9-DES0, 29.520%, 4/28/2025 †x#^ | Affirm | 5/02/2024 | 87 | 91 | 7 |
| &nbsp;&nbsp;&nbsp; ZPDV-VQSF, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 197 | 202 | 201 |
| &nbsp;&nbsp;&nbsp; ZPDW-IB12, 15.760%, 6/02/2026 †§x | Affirm | 6/27/2025 | 129 | 130 | 129 |
| &nbsp;&nbsp;&nbsp; ZPFB-818G, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; ZPFN-AJZP, 29.450%, 5/28/2023 †x#^ | Affirm | 6/03/2022 | 238 | 235 | 19 |
| &nbsp;&nbsp;&nbsp; ZPFX-1LVR, 35.410%, 6/27/2025 †x#^ | Affirm | 1/02/2024 | 795 | 796 | 64 |
| &nbsp;&nbsp;&nbsp; ZPGG-JMDZ, 29.030%, 6/28/2026 †x# | Affirm | 7/03/2023 | 1218 | 1323 | 97 |
| &nbsp;&nbsp;&nbsp; ZPHZ-7XMP, 29.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 179 | 185 | 185 |
| &nbsp;&nbsp;&nbsp; ZPI3-R2OT, 29.100%, 6/20/2024 †x#^ | Affirm | 12/23/2022 | 351 | 374 | 28 |
| &nbsp;&nbsp;&nbsp; ZPIS-AD2O, 33.950%, 4/16/2025 †x#^ | Affirm | 4/19/2024 | 444 | 466 | 35 |
| &nbsp;&nbsp;&nbsp; ZPIY-G6AM, 15.870%, 8/11/2026 †§x# | Affirm | 2/26/2025 | 292 | 295 | 292 |
| &nbsp;&nbsp;&nbsp; ZPJD-OJBU, 29.660%, 7/06/2024 †x#^ | Affirm | 1/12/2023 | 270 | 271 | 22 |
| &nbsp;&nbsp;&nbsp; ZPJH-R6ZW, 29.630%, 3/17/2025 †x#^ | Affirm | 9/20/2024 | 45 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; ZPK1-WVNI, 35.430%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 299 | 296 | 299 |
| &nbsp;&nbsp;&nbsp; ZPK2-JSJC, 35.470%, 3/22/2026 †§x | Affirm | 1/16/2026 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; ZPK6-MTT6, 35.580%, 2/28/2025 †x#^ | Affirm | 3/04/2024 | 185 | 186 | 15 |
| &nbsp;&nbsp;&nbsp; ZPK8-6XNZ, 29.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 65 | 67 | 67 |
| &nbsp;&nbsp;&nbsp; ZPKE-A4MB, 35.630%, 6/02/2026 †x# | Affirm | 6/27/2025 | 135 | 133 | 11 |
| &nbsp;&nbsp;&nbsp; ZPKG-ISV4, 35.990%, 8/05/2025 †x#^ | Affirm | 2/26/2025 | 39 | 39 | 3 |
| &nbsp;&nbsp;&nbsp; ZPKI-Z3L8, 29.540%, 6/18/2025 †x#^ | Affirm | 6/21/2024 | 86 | 90 | 7 |
| &nbsp;&nbsp;&nbsp; ZPM2-I0F6, 35.650%, 3/01/2024 †x#^ | Affirm | 9/08/2023 | 478 | 485 | 38 |
| &nbsp;&nbsp;&nbsp; ZPME-80IK, 35.500%, 11/02/2025 †x#^ | Affirm | 10/07/2024 | 231 | 240 | 18 |
| &nbsp;&nbsp;&nbsp; ZPMG-SFCC, 29.610%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 62 | 63 | 62 |
| &nbsp;&nbsp;&nbsp; ZPMS-H7UB, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 151 | 151 | 153 |
| &nbsp;&nbsp;&nbsp; ZPMT-JCLV, 35.850%, 7/22/2026 †§x | Affirm | 2/13/2026 | 75 | 73 | 74 |
| &nbsp;&nbsp;&nbsp; ZPMV-OFW2, 29.610%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 78 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; ZPMY-VA8N, 29.400%, 3/08/2024 †x#^ | Affirm | 3/13/2023 | 54 | 56 | 4 |
| &nbsp;&nbsp;&nbsp; ZPN3-RMXI, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 70 | 72 | 73 |
| &nbsp;&nbsp;&nbsp; ZPN9-FBE0, 35.770%, 2/06/2026 †x#^ | Affirm | 2/26/2025 | 71 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; ZPNB-PKZA, 30.000%, 1/03/2025 †x#^ | Affirm | 7/07/2023 | 609 | 631 | 49 |
| &nbsp;&nbsp;&nbsp; ZPNL-XFO5, 29.510%, 3/22/2026 †§x | Affirm | 1/16/2026 | 56 | 56 | 57 |
| &nbsp;&nbsp;&nbsp; ZPNR-38YI, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 123 | 126 | 126 |
| &nbsp;&nbsp;&nbsp; ZPNR-M05A, 35.710%, 8/11/2026 †§x | Affirm | 2/26/2025 | 207 | 210 | 207 |
| &nbsp;&nbsp;&nbsp; ZPNX-ARX3, 29.720%, 1/02/2028 †§x# | Affirm | 1/29/2025 | 912 | 928 | 936 |
| &nbsp;&nbsp;&nbsp; ZPO9-SWKI, 29.510%, 4/12/2023 †x#^ | Affirm | 4/15/2022 | 536 | 529 | 43 |
| &nbsp;&nbsp;&nbsp; ZPOQ-XUCO, 35.420%, 1/02/2027 †§x# | Affirm | 1/29/2025 | 153 | 151 | 151 |
| &nbsp;&nbsp;&nbsp; ZPOW-S4A0, 35.380%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 197 | 182 | 16 |
| &nbsp;&nbsp;&nbsp; ZPPC-VBP5, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 121 | 120 | 122 |
| &nbsp;&nbsp;&nbsp; ZPPH-VEJI, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 136 | 134 | 134 |
| &nbsp;&nbsp;&nbsp; ZPPI-SC2L, 35.390%, 8/27/2026 †x# | Affirm | 8/30/2024 | 513 | 509 | 41 |
| &nbsp;&nbsp;&nbsp; ZPQG-5VB6, 15.720%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 376 | 386 | 381 |
| &nbsp;&nbsp;&nbsp; ZPQM-9XXN, 24.400%, 3/20/2026 †§x | Affirm | 3/28/2025 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZPQR-VBQ4, 18.000%, 7/08/2026 †§x | Affirm | 7/31/2025 | 59 | 60 | 60 |
| &nbsp;&nbsp;&nbsp; ZPQZ-YAX1, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 19 | 20 | 19 |
| &nbsp;&nbsp;&nbsp; ZPR8-GMR1, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1010 | 1063 | 1075 |
| &nbsp;&nbsp;&nbsp; ZPRX-2IS7, 29.070%, 1/03/2025 †x#^ | Affirm | 7/07/2023 | 128 | 137 | 10 |
| &nbsp;&nbsp;&nbsp; ZPS0-MPCD, 35.000%, 5/06/2025 †x#^ | Affirm | 5/09/2024 | 540 | 542 | 43 |
| &nbsp;&nbsp;&nbsp; ZPSA-D36R, 29.680%, 11/28/2023 †x#^ | Affirm | 12/01/2022 | 669 | 700 | 54 |
| &nbsp;&nbsp;&nbsp; ZPT1-N9P6, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 178 | 182 | 183 |
| &nbsp;&nbsp;&nbsp; ZPT7-J65Y, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 82 | 82 | 83 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6053** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZPTF-J7EE, 35.350%, 2/21/2025 †x#^ | Affirm | 6/27/2024 | $36 | $37 | $3 |
| &nbsp;&nbsp;&nbsp; ZPTI-7UTY, 35.710%, 8/11/2026 †§x | Affirm | 2/26/2025 | 110 | 109 | 109 |
| &nbsp;&nbsp;&nbsp; ZPTJ-OD5S, 35.390%, 3/21/2027 †§x | Affirm | 3/31/2025 | 103 | 102 | 102 |
| &nbsp;&nbsp;&nbsp; ZPTN-5HQ1, 30.000%, 8/27/2023 †x#^ | Affirm | 3/02/2023 | 58 | 59 | 5 |
| &nbsp;&nbsp;&nbsp; ZPTV-21WE, 35.330%, 5/06/2026 †§x | Affirm | 5/30/2025 | 89 | 90 | 89 |
| &nbsp;&nbsp;&nbsp; ZPU7-TIQ9, 33.950%, 7/08/2026 †§x# | Affirm | 7/31/2025 | 78 | 80 | 80 |
| &nbsp;&nbsp;&nbsp; ZPUI-FOAG, 35.650%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 118 | 118 | 119 |
| &nbsp;&nbsp;&nbsp; ZPUK-44S9, 35.770%, 2/03/2026 †x#^ | Affirm | 2/26/2025 | 594 | 537 | 48 |
| &nbsp;&nbsp;&nbsp; ZPUN-XX42, 25.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 128 | 129 | 130 |
| &nbsp;&nbsp;&nbsp; ZPVH-EWNX, 35.970%, 4/22/2026 †§x | Affirm | 2/13/2026 | 39 | 39 | 40 |
| &nbsp;&nbsp;&nbsp; ZPVH-H3MK, 33.950%, 12/20/2025 †x#^ | Affirm | 6/24/2024 | 353 | 375 | 28 |
| &nbsp;&nbsp;&nbsp; ZPVS-VFDB, 33.950%, 9/20/2025 †x#^ | Affirm | 3/28/2025 | 99 | 102 | 8 |
| &nbsp;&nbsp;&nbsp; ZPW6-PAQA, 28.990%, 2/28/2025 †x#^ | Affirm | 9/05/2023 | 110 | 118 | 9 |
| &nbsp;&nbsp;&nbsp; ZPWE-4LYC, 5.815%, 1/26/2027 †§x« | Affirm | 2/13/2026 | 869 | 826 | 820 |
| &nbsp;&nbsp;&nbsp; ZPWN-KMLW, 33.050%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 180 | 188 | 14 |
| &nbsp;&nbsp;&nbsp; ZPWU-3HAB, 29.550%, 3/05/2025 †x#^ | Affirm | 9/08/2023 | 235 | 243 | 19 |
| &nbsp;&nbsp;&nbsp; ZPXD-VG0Q, 32.940%, 3/24/2027 †x# | Affirm | 3/31/2025 | 700 | 695 | 132 |
| &nbsp;&nbsp;&nbsp; ZPXN-5WM7, 35.990%, 8/03/2025 †x#^ | Affirm | 2/26/2025 | 90 | 91 | 7 |
| &nbsp;&nbsp;&nbsp; ZPY4-9GLK, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 87 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; ZPY5-Y2QH, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 217 | 228 | 228 |
| &nbsp;&nbsp;&nbsp; ZPYN-HSET, 29.710%, 1/11/2024 †x#^ | Affirm | 1/17/2023 | 80 | 82 | 6 |
| &nbsp;&nbsp;&nbsp; ZPYX-A3VZ, 22.900%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 406 | 419 | 32 |
| &nbsp;&nbsp;&nbsp; ZPZE-RR16, 29.610%, 3/28/2023 †x#^ | Affirm | 10/06/2022 | 27 | 27 | 2 |
| &nbsp;&nbsp;&nbsp; ZPZK-J03N, 35.430%, 7/02/2026 †x# | Affirm | 1/29/2025 | 405 | 416 | 32 |
| &nbsp;&nbsp;&nbsp; ZPZM-O5QU, 35.560%, 1/22/2027 †§x | Affirm | 2/13/2026 | 276 | 285 | 288 |
| &nbsp;&nbsp;&nbsp; ZQ04-FMIN, 35.790%, 7/22/2026 †§x | Affirm | 2/13/2026 | 306 | 312 | 312 |
| &nbsp;&nbsp;&nbsp; ZQ0H-13TK, 17.700%, 2/10/2027 †§x# | Affirm | 2/26/2025 | 824 | 849 | 854 |
| &nbsp;&nbsp;&nbsp; ZQ0H-3UI4, 35.650%, 1/14/2027 †§x | Affirm | 2/13/2026 | 302 | 269 | 274 |
| &nbsp;&nbsp;&nbsp; ZQ0M-RNX9, 19.500%, 6/04/2025 †x#^ | Affirm | 12/07/2023 | 121 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; ZQ11-2MDM, 29.510%, 4/04/2023 †x#^ | Affirm | 4/07/2022 | 248 | 257 | 20 |
| &nbsp;&nbsp;&nbsp; ZQ1I-SPIO, 27.950%, 1/04/2025 †x#^ | Affirm | 1/08/2024 | 136 | 136 | 11 |
| &nbsp;&nbsp;&nbsp; ZQ1V-GQEF, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 502 | 490 | 488 |
| &nbsp;&nbsp;&nbsp; ZQ25-6XW7, 29.680%, 11/14/2023 †x#^ | Affirm | 11/17/2022 | 197 | 193 | 16 |
| &nbsp;&nbsp;&nbsp; ZQ2A-DQYE, 18.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 45 | 45 | 45 |
| &nbsp;&nbsp;&nbsp; ZQ2C-6LP8, 29.506%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 23 | 22 | 23 |
| &nbsp;&nbsp;&nbsp; ZQ2T-T8C2, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 79 | 77 | 77 |
| &nbsp;&nbsp;&nbsp; ZQ2X-KDLO, 30.000%, 5/22/2025 †x#^ | Affirm | 5/28/2024 | 434 | 392 | 35 |
| &nbsp;&nbsp;&nbsp; ZQ2Y-X867, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 52 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZQ34-Q0P6, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 39 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZQ39-D9QB, 35.640%, 2/12/2027 †§x | Affirm | 2/26/2025 | 1678 | 1666 | 1683 |
| &nbsp;&nbsp;&nbsp; ZQ3R-QUCM, 6.660%, 6/21/2027 †§x« | Affirm | 6/27/2024 | 566 | 520 | 507 |
| &nbsp;&nbsp;&nbsp; ZQ43-I6MU, 29.460%, 5/06/2026 †§x | Affirm | 5/30/2025 | 34 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZQ49-12ES, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 48 | 47 | 48 |
| &nbsp;&nbsp;&nbsp; ZQ4C-IAMC, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 103 | 105 | 105 |
| &nbsp;&nbsp;&nbsp; ZQ51-Z9O9, 29.410%, 3/20/2026 †§x | Affirm | 3/28/2025 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; ZQ5F-UE0Z, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 196 | 201 | 202 |
| &nbsp;&nbsp;&nbsp; ZQ5J-34NZ, 35.590%, 6/22/2026 †§x | Affirm | 1/16/2026 | 151 | 154 | 154 |
| &nbsp;&nbsp;&nbsp; ZQ69-46HA, 33.170%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 82 | 81 | 7 |
| &nbsp;&nbsp;&nbsp; ZQ6H-OAHU, 23.400%, 6/22/2026 †§x | Affirm | 1/16/2026 | 184 | 188 | 189 |
| &nbsp;&nbsp;&nbsp; ZQ6K-J3FL, 35.540%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 45 | 45 | 4 |
| &nbsp;&nbsp;&nbsp; ZQ6L-BVQE, 23.400%, 8/26/2025 †x#^ | Affirm | 2/29/2024 | 703 | 729 | 56 |
| &nbsp;&nbsp;&nbsp; ZQ6R-0MM6, 26.900%, 4/17/2025 †x#^ | Affirm | 4/22/2024 | 78 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; ZQ6W-I9TK, 31.000%, 7/02/2026 †§x | Affirm | 1/29/2025 | 411 | 417 | 415 |
| &nbsp;&nbsp;&nbsp; ZQ77-943N, 35.220%, 3/20/2026 †x# | Affirm | 3/28/2025 | 135 | 140 | 11 |
| &nbsp;&nbsp;&nbsp; ZQ7A-AP6B, 28.850%, 11/22/2023 †x#^ | Affirm | 5/25/2023 | 39 | 40 | 3 |
| &nbsp;&nbsp;&nbsp; ZQ7Q-8C9G, 29.470%, 7/27/2023 †x#^ | Affirm | 8/01/2022 | 281 | 295 | 22 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6054** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZQ7Q-VZXZ, 35.440%, 6/02/2026 †§x | Affirm | 6/27/2025 | $6 | $6 | $6 |
| &nbsp;&nbsp;&nbsp; ZQ7Z-UBZP, 33.950%, 4/23/2026 †§x | Affirm | 10/28/2024 | 101 | 102 | 102 |
| &nbsp;&nbsp;&nbsp; ZQ82-5ZYV, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1160 | 1221 | 1235 |
| &nbsp;&nbsp;&nbsp; ZQ8P-SA4O, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 295 | 302 | 304 |
| &nbsp;&nbsp;&nbsp; ZQ8Q-YAGT, 33.950%, 11/20/2025 †x#^ | Affirm | 11/24/2023 | 208 | 217 | 17 |
| &nbsp;&nbsp;&nbsp; ZQ8W-XQ83, 33.240%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 217 | 213 | 17 |
| &nbsp;&nbsp;&nbsp; ZQ98-06RM, 33.180%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 180 | 186 | 186 |
| &nbsp;&nbsp;&nbsp; ZQ99-63G5, 26.900%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 89 | 92 | 7 |
| &nbsp;&nbsp;&nbsp; ZQ9U-FW67, 23.400%, 7/22/2026 †§x | Affirm | 2/13/2026 | 445 | 455 | 459 |
| &nbsp;&nbsp;&nbsp; ZQ9V-SLD0, 35.000%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 219 | 227 | 18 |
| &nbsp;&nbsp;&nbsp; ZQ9X-ZC5S, 35.480%, 1/03/2025 †x#^ | Affirm | 1/08/2024 | 419 | 419 | 34 |
| &nbsp;&nbsp;&nbsp; ZQAB-GLFX, 31.700%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 87 | 90 | 91 |
| &nbsp;&nbsp;&nbsp; ZQAO-LGCU, 32.500%, 2/20/2026 †x#^ | Affirm | 2/23/2024 | 1916 | 1925 | 153 |
| &nbsp;&nbsp;&nbsp; ZQB3-7LFR, 35.570%, 6/22/2026 †§x | Affirm | 1/16/2026 | 213 | 216 | 218 |
| &nbsp;&nbsp;&nbsp; ZQB5-IW7O, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 188 | 198 | 198 |
| &nbsp;&nbsp;&nbsp; ZQBK-M303, 35.330%, 5/06/2025 †x#^ | Affirm | 5/10/2024 | 465 | 481 | 37 |
| &nbsp;&nbsp;&nbsp; ZQBV-UACM, 18.700%, 12/19/2027 †x# | Affirm | 12/27/2024 | 6859 | 6798 | 6894 |
| &nbsp;&nbsp;&nbsp; ZQCW-3Q9C, 35.630%, 1/22/2027 †§x | Affirm | 2/13/2026 | 110 | 113 | 113 |
| &nbsp;&nbsp;&nbsp; ZQCZ-2PNM, 32.000%, 2/07/2027 †x# | Affirm | 2/26/2025 | 2419 | 2544 | 194 |
| &nbsp;&nbsp;&nbsp; ZQD3-EOGS, 35.370%, 6/04/2024 †x#^ | Affirm | 12/07/2023 | 115 | 110 | 9 |
| &nbsp;&nbsp;&nbsp; ZQDD-V2K2, 29.510%, 6/08/2025 †x#^ | Affirm | 12/14/2023 | 27 | 28 | 2 |
| &nbsp;&nbsp;&nbsp; ZQDI-7KRG, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 49 | 48 | 49 |
| &nbsp;&nbsp;&nbsp; ZQDO-W99K, 35.570%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 131 | 135 | 10 |
| &nbsp;&nbsp;&nbsp; ZQDW-NAF1, 11.960%, 7/22/2026 †§x | Affirm | 2/13/2026 | 498 | 508 | 513 |
| &nbsp;&nbsp;&nbsp; ZQE1-ZL9N, 15.995%, 8/20/2025 †x#^ | Affirm | 8/23/2024 | 25 | 25 | 2 |
| &nbsp;&nbsp;&nbsp; ZQE5-LBK3, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 825 | 821 | 833 |
| &nbsp;&nbsp;&nbsp; ZQEB-5V3K, 22.750%, 2/10/2027 †§x | Affirm | 2/26/2025 | 907 | 936 | 941 |
| &nbsp;&nbsp;&nbsp; ZQEK-ROLK, 33.000%, 6/25/2026 †§x | Affirm | 6/28/2024 | 237 | 236 | 239 |
| &nbsp;&nbsp;&nbsp; ZQEQ-TRAI, 14.700%, 9/26/2026 †§x# | Affirm | 9/30/2024 | 451 | 458 | 460 |
| &nbsp;&nbsp;&nbsp; ZQET-LMIC, 30.950%, 6/02/2026 †§x | Affirm | 6/27/2025 | 54 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZQF6-Y8J7, 18.000%, 3/08/2026 †§x | Affirm | 9/26/2025 | 42 | 42 | 42 |
| &nbsp;&nbsp;&nbsp; ZQFG-RYJP, 15.700%, 6/02/2026 †§x | Affirm | 6/27/2025 | 251 | 254 | 253 |
| &nbsp;&nbsp;&nbsp; ZQG1-TXNK, 35.460%, 8/23/2025 †x#^ | Affirm | 8/29/2024 | 388 | 409 | 31 |
| &nbsp;&nbsp;&nbsp; ZQG4-FSPV, 33.950%, 8/25/2025 †x#^ | Affirm | 8/31/2023 | 1012 | 1081 | 81 |
| &nbsp;&nbsp;&nbsp; ZQGJ-VCGZ, 24.570%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 279 | 278 | 276 |
| &nbsp;&nbsp;&nbsp; ZQGV-JERW, 35.380%, 12/28/2024 †x#^ | Affirm | 1/02/2024 | 241 | 241 | 19 |
| &nbsp;&nbsp;&nbsp; ZQHI-OCX4, 31.500%, 12/11/2025 †x#^ | Affirm | 12/15/2023 | 1438 | 1445 | 115 |
| &nbsp;&nbsp;&nbsp; ZQHI-R27F, 28.500%, 6/01/2024 †x#^ | Affirm | 12/05/2022 | 135 | 135 | 11 |
| &nbsp;&nbsp;&nbsp; ZQHW-LYCY, 33.050%, 10/15/2025 †x#^ | Affirm | 4/18/2024 | 181 | 190 | 15 |
| &nbsp;&nbsp;&nbsp; ZQI1-DP61, 35.620%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 345 | 356 | 28 |
| &nbsp;&nbsp;&nbsp; ZQI4-31ZN, 18.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 82 | 85 | 85 |
| &nbsp;&nbsp;&nbsp; ZQID-6WLS, 28.000%, 5/04/2024 †x#^ | Affirm | 11/10/2022 | 168 | 179 | 13 |
| &nbsp;&nbsp;&nbsp; ZQIR-9D3X, 11.780%, 5/28/2023 †x#^ | Affirm | 6/03/2022 | 30 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZQIX-7PAC, 29.460%, 5/21/2025 †x#^ | Affirm | 5/24/2024 | 135 | 139 | 11 |
| &nbsp;&nbsp;&nbsp; ZQJF-PKAE, 15.730%, 12/05/2024 †x#^ | Affirm | 12/08/2023 | 160 | 165 | 13 |
| &nbsp;&nbsp;&nbsp; ZQJN-HNUJ, 24.400%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 882 | 916 | 917 |
| &nbsp;&nbsp;&nbsp; ZQJR-JX2H, 29.680%, 11/14/2023 †x#^ | Affirm | 11/17/2022 | 176 | 172 | 14 |
| &nbsp;&nbsp;&nbsp; ZQK0-FHJE, 35.540%, 3/16/2026 †§x | Affirm | 9/19/2024 | 65 | 65 | 65 |
| &nbsp;&nbsp;&nbsp; ZQKQ-5OHZ, 35.420%, 4/21/2025 †x#^ | Affirm | 10/24/2024 | 27 | 28 | 2 |
| &nbsp;&nbsp;&nbsp; ZQKR-G19J, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 208 | 213 | 216 |
| &nbsp;&nbsp;&nbsp; ZQKX-2NIH, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 174 | 182 | 185 |
| &nbsp;&nbsp;&nbsp; ZQL2-H7BP, 35.770%, 3/03/2026 †§x | Affirm | 3/28/2025 | 38 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZQL6-JNNK, 29.500%, 8/25/2024 †x#^ | Affirm | 8/31/2023 | 348 | 366 | 28 |
| &nbsp;&nbsp;&nbsp; ZQLB-3QVJ, 29.480%, 4/02/2025 †x#^ | Affirm | 4/05/2024 | 88 | 92 | 7 |
| &nbsp;&nbsp;&nbsp; ZQLJ-D0NQ, 35.490%, 5/15/2026 †§x | Affirm | 11/27/2024 | 77 | 77 | 77 |
| &nbsp;&nbsp;&nbsp; ZQLW-DVDQ, 28.500%, 11/07/2024 †x#^ | Affirm | 11/10/2022 | 1227 | 1295 | 98 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6055** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZQM2-0FKF, 35.990%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | $1230 | $1237 | $98 |
| &nbsp;&nbsp;&nbsp; ZQM5-UQK6, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 271 | 279 | 282 |
| &nbsp;&nbsp;&nbsp; ZQMB-FH4U, 35.860%, 7/14/2026 †§x | Affirm | 2/13/2026 | 91 | 85 | 85 |
| &nbsp;&nbsp;&nbsp; ZQMC-EP6F, 35.580%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 42 | 42 | 3 |
| &nbsp;&nbsp;&nbsp; ZQMF-27YB, 35.530%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 662 | 676 | 53 |
| &nbsp;&nbsp;&nbsp; ZQMO-N87Q, 35.470%, 5/01/2026 †§x | Affirm | 5/06/2024 | 124 | 124 | 124 |
| &nbsp;&nbsp;&nbsp; ZQMO-T5U5, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 563 | 549 | 547 |
| &nbsp;&nbsp;&nbsp; ZQMP-IDBP, 25.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | 25 | 25 | 25 |
| &nbsp;&nbsp;&nbsp; ZQNR-PRED, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 201 | 206 | 207 |
| &nbsp;&nbsp;&nbsp; ZQO2-4GH5, 13.840%, 8/12/2026 †§x | Affirm | 2/26/2025 | 742 | 753 | 754 |
| &nbsp;&nbsp;&nbsp; ZQOC-F53N, 35.290%, 11/28/2025 †x#^ | Affirm | 5/31/2024 | 281 | 290 | 22 |
| &nbsp;&nbsp;&nbsp; ZQOD-QF2V, 15.810%, 9/28/2023 †x#^ | Affirm | 10/06/2022 | 193 | 202 | 15 |
| &nbsp;&nbsp;&nbsp; ZQOW-8GTA, 29.600%, 12/28/2026 †x# | Affirm | 1/29/2025 | 555 | 580 | 44 |
| &nbsp;&nbsp;&nbsp; ZQOW-UQZY, 35.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 61 | 61 | 62 |
| &nbsp;&nbsp;&nbsp; ZQP3-4CIP, 34.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 5407 | 5378 | 5456 |
| &nbsp;&nbsp;&nbsp; ZQP8-3IP5, 18.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 23 | 24 | 2 |
| &nbsp;&nbsp;&nbsp; ZQPA-XQMU, 35.900%, 7/14/2026 †§x | Affirm | 2/13/2026 | 42 | 40 | 40 |
| &nbsp;&nbsp;&nbsp; ZQPI-W9WE, 29.610%, 6/10/2023 †x#^ | Affirm | 12/17/2021 | 175 | 167 | 14 |
| &nbsp;&nbsp;&nbsp; ZQPM-NKJJ, 22.780%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 164 | 162 | 13 |
| &nbsp;&nbsp;&nbsp; ZQPX-6ZX7, 33.050%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 252 | 255 | 254 |
| &nbsp;&nbsp;&nbsp; ZQQ7-IV7K, 9.830%, 6/02/2026 †§x | Affirm | 6/27/2025 | 634 | 640 | 641 |
| &nbsp;&nbsp;&nbsp; ZQQB-B8CK, 35.640%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 171 | 170 | 173 |
| &nbsp;&nbsp;&nbsp; ZQQJ-FD2D, 15.840%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 185 | 190 | 192 |
| &nbsp;&nbsp;&nbsp; ZQQO-JCNL, 33.000%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 982 | 975 | 976 |
| &nbsp;&nbsp;&nbsp; ZQQX-OV1C, 33.050%, 12/22/2026 †§x | Affirm | 1/16/2026 | 453 | 474 | 480 |
| &nbsp;&nbsp;&nbsp; ZQR7-P4CZ, 24.730%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1449 | 1428 | 1432 |
| &nbsp;&nbsp;&nbsp; ZQRK-UCU7, 35.580%, 9/08/2026 †x# | Affirm | 9/26/2025 | 2335 | 2416 | 521 |
| &nbsp;&nbsp;&nbsp; ZQRL-BNFU, 29.600%, 7/24/2023 †x#^ | Affirm | 1/27/2022 | 113 | 105 | 9 |
| &nbsp;&nbsp;&nbsp; ZQRR-LM6Q, 34.450%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 242 | 240 | 19 |
| &nbsp;&nbsp;&nbsp; ZQRV-6A21, 19.900%, 9/21/2024 †x#^ | Affirm | 9/26/2022 | 239 | 258 | 19 |
| &nbsp;&nbsp;&nbsp; ZQTC-08NO, 29.470%, 7/08/2026 †§x# | Affirm | 7/31/2025 | 325 | 331 | 332 |
| &nbsp;&nbsp;&nbsp; ZQTY-XCLY, 33.070%, 6/02/2027 †x | Affirm | 6/27/2025 | 2321 | 2301 | 2323 |
| &nbsp;&nbsp;&nbsp; ZQU0-B372, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 326 | 323 | 323 |
| &nbsp;&nbsp;&nbsp; ZQUF-JQJ3, 35.490%, 10/03/2025 †x#^ | Affirm | 10/07/2024 | 132 | 132 | 11 |
| &nbsp;&nbsp;&nbsp; ZQUH-LG76, 35.640%, 2/11/2027 †§x | Affirm | 2/26/2025 | 479 | 475 | 481 |
| &nbsp;&nbsp;&nbsp; ZQUM-5UBG, 24.630%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 138 | 146 | 11 |
| &nbsp;&nbsp;&nbsp; ZQV8-CC5T, 31.000%, 1/02/2027 †§x# | Affirm | 1/29/2025 | 1160 | 1186 | 1185 |
| &nbsp;&nbsp;&nbsp; ZQV9-U5MZ, 5.996%, 4/24/2023 †x#^« | Affirm | 10/28/2022 | 454 | 442 | 36 |
| &nbsp;&nbsp;&nbsp; ZQVD-F1J7, 18.000%, 12/22/2026 †§x | Affirm | 1/16/2026 | 381 | 393 | 396 |
| &nbsp;&nbsp;&nbsp; ZQVF-QSJ1, 32.890%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZQW9-6JVU, 29.650%, 9/12/2023 †x#^ | Affirm | 9/15/2022 | 573 | 593 | 46 |
| &nbsp;&nbsp;&nbsp; ZQWB-8V28, 29.530%, 7/08/2028 †§x | Affirm | 7/31/2025 | 1107 | 1165 | 1176 |
| &nbsp;&nbsp;&nbsp; ZQWD-CUWT, 29.480%, 12/07/2022 †x#^ | Affirm | 6/10/2022 | 21 | 21 | 2 |
| &nbsp;&nbsp;&nbsp; ZQWI-QGSM, 35.390%, 6/08/2024 †x#^ | Affirm | 12/14/2023 | 57 | 57 | 5 |
| &nbsp;&nbsp;&nbsp; ZQWI-R3YB, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 232 | 244 | 247 |
| &nbsp;&nbsp;&nbsp; ZQWS-X1B0, 29.530%, 4/18/2027 †§x# | Affirm | 4/27/2023 | 196 | 203 | 197 |
| &nbsp;&nbsp;&nbsp; ZQWU-IJTO, 33.950%, 2/26/2026 †x#^ | Affirm | 2/29/2024 | 2996 | 3126 | 240 |
| &nbsp;&nbsp;&nbsp; ZQWV-0IHX, 35.290%, 8/23/2024 †x#^ | Affirm | 5/26/2023 | 743 | 757 | 59 |
| &nbsp;&nbsp;&nbsp; ZQWX-J015, 29.640%, 11/20/2026 †§x | Affirm | 11/27/2024 | 174 | 177 | 177 |
| &nbsp;&nbsp;&nbsp; ZQX9-OV8W, 35.300%, 3/20/2026 †x# | Affirm | 3/28/2025 | 52 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZQXE-8Q8F, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 267 | 274 | 275 |
| &nbsp;&nbsp;&nbsp; ZQXK-8EWY, 29.620%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 83 | 85 | 7 |
| &nbsp;&nbsp;&nbsp; ZQXO-BTTF, 29.660%, 1/21/2028 †§x | Affirm | 2/13/2026 | 535 | 569 | 574 |
| &nbsp;&nbsp;&nbsp; ZQY3-4JGO, 33.050%, 12/22/2026 †§x | Affirm | 1/16/2026 | 136 | 143 | 144 |
| &nbsp;&nbsp;&nbsp; ZQYD-GX09, 33.950%, 10/28/2025 †x#^ | Affirm | 5/02/2024 | 99 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; ZQYM-DQ3Q, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 126 | 133 | 127 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6056** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZQZP-Y930, 29.510%, 8/28/2025 †x#^ | Affirm | 8/31/2023 | $1465 | $1565 | $117 |
| &nbsp;&nbsp;&nbsp; ZQZV-85CI, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 82 | 83 | 84 |
| &nbsp;&nbsp;&nbsp; ZR01-PRMZ, 20.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 37 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; ZR0A-6A83, 22.730%, 1/21/2028 †§x | Affirm | 2/13/2026 | 1636 | 1751 | 1781 |
| &nbsp;&nbsp;&nbsp; ZR1H-KAL4, 29.610%, 12/18/2026 †x | Affirm | 1/16/2026 | 173 | 181 | 183 |
| &nbsp;&nbsp;&nbsp; ZR2H-52AJ, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 365 | 361 | 359 |
| &nbsp;&nbsp;&nbsp; ZR2L-144N, 35.650%, 2/10/2027 †§x | Affirm | 2/26/2025 | 261 | 259 | 260 |
| &nbsp;&nbsp;&nbsp; ZR2W-Y6QD, 24.400%, 11/06/2025 †x#^ | Affirm | 5/30/2025 | 173 | 177 | 14 |
| &nbsp;&nbsp;&nbsp; ZR39-GZI6, 35.600%, 6/18/2026 †x | Affirm | 1/16/2026 | 68 | 70 | 70 |
| &nbsp;&nbsp;&nbsp; ZR3D-AQJR, 35.370%, 9/28/2026 †x# | Affirm | 3/31/2025 | 1376 | 1366 | 110 |
| &nbsp;&nbsp;&nbsp; ZR3O-IHDT, 18.000%, 12/19/2026 †§x | Affirm | 12/27/2024 | 272 | 278 | 280 |
| &nbsp;&nbsp;&nbsp; ZR3W-CRNR, 35.580%, 3/01/2025 †x#^ | Affirm | 3/07/2024 | 107 | 113 | 9 |
| &nbsp;&nbsp;&nbsp; ZR47-M3GX, 22.900%, 5/23/2024 †x#^ | Affirm | 5/26/2023 | 237 | 248 | 19 |
| &nbsp;&nbsp;&nbsp; ZR4B-21SY, 15.830%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 149 | 152 | 12 |
| &nbsp;&nbsp;&nbsp; ZR4C-EPCK, 15.690%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZR4O-82ZS, 15.930%, 7/22/2026 †§x | Affirm | 2/13/2026 | 105 | 107 | 108 |
| &nbsp;&nbsp;&nbsp; ZR4Z-B4T3, 30.950%, 12/18/2025 †x#^ | Affirm | 12/27/2024 | 15 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZR53-3O7M, 35.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 71 | 71 | 72 |
| &nbsp;&nbsp;&nbsp; ZR55-I3YE, 32.200%, 11/20/2024 †x#^ | Affirm | 11/24/2023 | 2650 | 2454 | 212 |
| &nbsp;&nbsp;&nbsp; ZR58-IKX6, 29.700%, 2/12/2027 †§x | Affirm | 2/26/2025 | 313 | 322 | 324 |
| &nbsp;&nbsp;&nbsp; ZR58-XE46, 33.100%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 34 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; ZR5J-ZEKV, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 52 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZR6H-UCTW, 35.980%, 9/05/2024 †x#^ | Affirm | 9/08/2023 | 159 | 158 | 13 |
| &nbsp;&nbsp;&nbsp; ZR76-RY6H, 33.950%, 2/12/2027 †§x# | Affirm | 2/26/2025 | 487 | 501 | 504 |
| &nbsp;&nbsp;&nbsp; ZR79-0LBU, 24.400%, 6/02/2026 †§x | Affirm | 6/27/2025 | 180 | 182 | 182 |
| &nbsp;&nbsp;&nbsp; ZR8G-9XZM, 35.460%, 4/25/2025 †x#^ | Affirm | 10/31/2024 | 23 | 23 | 2 |
| &nbsp;&nbsp;&nbsp; ZR8Y-VF29, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 157 | 163 | 162 |
| &nbsp;&nbsp;&nbsp; ZR94-CUB4, 35.320%, 4/08/2025 †x#^ | Affirm | 4/11/2024 | 454 | 470 | 36 |
| &nbsp;&nbsp;&nbsp; ZR95-H71U, 28.000%, 9/23/2023 †x#^ | Affirm | 9/29/2022 | 39 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; ZR9C-0LGT, 29.450%, 5/09/2023 †x#^ | Affirm | 5/12/2022 | 212 | 223 | 17 |
| &nbsp;&nbsp;&nbsp; ZR9E-JMSA, 25.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | 26 | 26 | 27 |
| &nbsp;&nbsp;&nbsp; ZR9S-EACA, 22.900%, 8/26/2027 †x# | Affirm | 8/29/2024 | 3541 | 3450 | 3462 |
| &nbsp;&nbsp;&nbsp; ZR9U-KBEB, 33.950%, 7/15/2026 †§x# | Affirm | 1/29/2025 | 350 | 353 | 350 |
| &nbsp;&nbsp;&nbsp; ZR9X-P08P, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 306 | 303 | 302 |
| &nbsp;&nbsp;&nbsp; ZRA4-VDMF, 29.520%, 4/11/2023 †x#^ | Affirm | 10/14/2022 | 160 | 160 | 13 |
| &nbsp;&nbsp;&nbsp; ZRAI-IOAK, 29.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 29 | 30 | 30 |
| &nbsp;&nbsp;&nbsp; ZRAM-Q7WV, 35.850%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 53 | 54 |
| &nbsp;&nbsp;&nbsp; ZRAR-EB6R, 35.530%, 2/26/2027 †§x# | Affirm | 2/29/2024 | 885 | 897 | 906 |
| &nbsp;&nbsp;&nbsp; ZRBT-C7Y9, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 1287 | 1311 | 1323 |
| &nbsp;&nbsp;&nbsp; ZRBZ-LNGE, 25.200%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 203 | 207 | 210 |
| &nbsp;&nbsp;&nbsp; ZRC8-L0G9, 15.690%, 3/03/2026 †§x | Affirm | 3/28/2025 | 43 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZRCN-PMP2, 35.970%, 4/22/2026 †§x | Affirm | 2/13/2026 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZRCV-QPOP, 13.840%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZRCY-MWLG, 19.900%, 12/28/2024 †x#^ | Affirm | 1/03/2023 | 464 | 501 | 37 |
| &nbsp;&nbsp;&nbsp; ZRDS-44RR, 29.510%, 6/13/2025 †x#^ | Affirm | 6/16/2023 | 765 | 762 | 61 |
| &nbsp;&nbsp;&nbsp; ZRE0-P3DW, 29.440%, 5/18/2023 †x#^ | Affirm | 5/23/2022 | 182 | 188 | 15 |
| &nbsp;&nbsp;&nbsp; ZRE1-HZGD, 35.220%, 11/12/2023 †x#^ | Affirm | 6/02/2023 | 54 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZREB-8RBU, 13.840%, 9/08/2027 †x# | Affirm | 9/26/2025 | 4017 | 4227 | 4265 |
| &nbsp;&nbsp;&nbsp; ZREC-4R5C, 31.000%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 313 | 316 | 315 |
| &nbsp;&nbsp;&nbsp; ZRFB-D5E8, 6.061%, 7/08/2026 †§x« | Affirm | 7/31/2025 | 349 | 342 | 340 |
| &nbsp;&nbsp;&nbsp; ZRFI-5RDM, 35.420%, 4/11/2025 †x#^ | Affirm | 4/15/2024 | 94 | 95 | 8 |
| &nbsp;&nbsp;&nbsp; ZRFN-JT82, 35.700%, 8/12/2026 †§x# | Affirm | 2/26/2025 | 253 | 252 | 252 |
| &nbsp;&nbsp;&nbsp; ZRFN-M7OS, 18.000%, 4/11/2026 †§x | Affirm | 4/15/2024 | 114 | 114 | 114 |
| &nbsp;&nbsp;&nbsp; ZRGB-V4MR, 18.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 156 | 157 | 157 |
| &nbsp;&nbsp;&nbsp; ZRGU-HWBY, 29.720%, 1/24/2023 †x#^ | Affirm | 1/27/2022 | 31 | 33 | 2 |
| &nbsp;&nbsp;&nbsp; ZRGZ-OEWA, 35.380%, 10/23/2024 †x#^ | Affirm | 8/28/2023 | 293 | 292 | 23 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6057** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZRH8-CWFB, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | $161 | $159 | $159 |
| &nbsp;&nbsp;&nbsp; ZRHL-PVGH, 29.020%, 7/03/2025 †x#^ | Affirm | 7/07/2023 | 555 | 562 | 44 |
| &nbsp;&nbsp;&nbsp; ZRHM-VPOY, 29.620%, 12/22/2026 †§x | Affirm | 1/16/2026 | 610 | 639 | 647 |
| &nbsp;&nbsp;&nbsp; ZRHX-0HES, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 2267 | 2255 | 2258 |
| &nbsp;&nbsp;&nbsp; ZRHY-6V28, 26.700%, 6/06/2025 †x#^ | Affirm | 12/11/2023 | 336 | 353 | 27 |
| &nbsp;&nbsp;&nbsp; ZRI9-A8XT, 18.000%, 6/22/2026 †§x | Affirm | 1/16/2026 | 103 | 105 | 106 |
| &nbsp;&nbsp;&nbsp; ZRIA-G63D, 15.700%, 5/06/2026 †§x | Affirm | 5/30/2025 | 29 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; ZRIH-MD8K, 35.380%, 12/05/2024 †x#^ | Affirm | 12/08/2023 | 374 | 346 | 30 |
| &nbsp;&nbsp;&nbsp; ZRII-HJ1L, 28.500%, 12/14/2023 †x#^ | Affirm | 12/19/2022 | 803 | 786 | 64 |
| &nbsp;&nbsp;&nbsp; ZRJ1-IBFD, 29.500%, 4/03/2025 †x#^ | Affirm | 10/06/2023 | 236 | 235 | 19 |
| &nbsp;&nbsp;&nbsp; ZRJK-86TE, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 242 | 237 | 239 |
| &nbsp;&nbsp;&nbsp; ZRJK-WGM7, 33.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 68 | 67 | 6 |
| &nbsp;&nbsp;&nbsp; ZRJM-OPSH, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 1019 | 1007 | 1008 |
| &nbsp;&nbsp;&nbsp; ZRJN-BZRJ, 29.490%, 2/01/2024 †x#^ | Affirm | 8/04/2022 | 283 | 297 | 23 |
| &nbsp;&nbsp;&nbsp; ZRKE-83G6, 35.420%, 3/17/2026 †§x | Affirm | 1/16/2026 | 45 | 42 | 45 |
| &nbsp;&nbsp;&nbsp; ZRKO-O4CC, 35.660%, 8/12/2026 †§x# | Affirm | 2/26/2025 | 178 | 180 | 178 |
| &nbsp;&nbsp;&nbsp; ZRLC-W878, 35.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 70 | 69 | 6 |
| &nbsp;&nbsp;&nbsp; ZRLW-GXCW, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 454 | 443 | 441 |
| &nbsp;&nbsp;&nbsp; ZRMJ-AK85, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 229 | 230 | 230 |
| &nbsp;&nbsp;&nbsp; ZRMO-P9ZR, 35.490%, 3/11/2026 †§x | Affirm | 9/26/2025 | 7 | 7 | 7 |
| &nbsp;&nbsp;&nbsp; ZRMW-VE7I, 29.610%, 11/04/2024 †x#^ | Affirm | 11/10/2022 | 871 | 919 | 70 |
| &nbsp;&nbsp;&nbsp; ZRNQ-CHPM, 35.400%, 4/21/2026 †§x# | Affirm | 10/24/2024 | 86 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; ZRNW-DQ8R, 11.800%, 3/03/2027 †x | Affirm | 3/28/2025 | 3366 | 3334 | 3353 |
| &nbsp;&nbsp;&nbsp; ZRO6-6N95, 22.810%, 8/11/2026 †§x | Affirm | 2/26/2025 | 805 | 822 | 820 |
| &nbsp;&nbsp;&nbsp; ZROG-C5S0, 29.490%, 10/29/2024 †x#^ | Affirm | 9/01/2023 | 85 | 89 | 7 |
| &nbsp;&nbsp;&nbsp; ZROG-EFJ0, 29.610%, 7/02/2026 †§x# | Affirm | 1/29/2025 | 98 | 99 | 99 |
| &nbsp;&nbsp;&nbsp; ZRON-2LT3, 11.900%, 8/12/2026 †§x | Affirm | 2/26/2025 | 140 | 142 | 141 |
| &nbsp;&nbsp;&nbsp; ZRPK-N1H0, 33.060%, 7/02/2026 †x# | Affirm | 1/29/2025 | 283 | 279 | 23 |
| &nbsp;&nbsp;&nbsp; ZRPM-AGGL, 29.760%, 8/11/2026 †§x# | Affirm | 2/26/2025 | 149 | 152 | 152 |
| &nbsp;&nbsp;&nbsp; ZRQS-CX9J, 35.630%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 50 | 51 | 4 |
| &nbsp;&nbsp;&nbsp; ZRR6-T25U, 18.000%, 6/24/2027 †§x# | Affirm | 1/16/2026 | 187 | 195 | 198 |
| &nbsp;&nbsp;&nbsp; ZRR7-LLK0, 27.100%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | 34 | 36 | 3 |
| &nbsp;&nbsp;&nbsp; ZRRK-7TI7, 28.000%, 11/14/2025 †x#^ | Affirm | 11/17/2022 | 293 | 320 | 23 |
| &nbsp;&nbsp;&nbsp; ZRRR-DU50, 28.500%, 5/17/2023 †x#^ | Affirm | 5/20/2022 | 320 | 331 | 26 |
| &nbsp;&nbsp;&nbsp; ZRRR-MY18, 35.400%, 6/04/2025 †x#^ | Affirm | 12/07/2023 | 216 | 216 | 17 |
| &nbsp;&nbsp;&nbsp; ZRTN-NIZV, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 92 | 93 | 94 |
| &nbsp;&nbsp;&nbsp; ZRTQ-G1CH, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 173 | 182 | 182 |
| &nbsp;&nbsp;&nbsp; ZRU3-OY9T, 33.950%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 28 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZRU8-W9YO, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 125 | 122 | 121 |
| &nbsp;&nbsp;&nbsp; ZRUA-QYM6, 29.620%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 366 | 383 | 386 |
| &nbsp;&nbsp;&nbsp; ZRUF-OYIX, 35.440%, 10/16/2025 †x#^ | Affirm | 4/19/2024 | 192 | 195 | 15 |
| &nbsp;&nbsp;&nbsp; ZRUJ-AUPR, 33.950%, 1/16/2026 †x#^ | Affirm | 12/27/2024 | 105 | 108 | 8 |
| &nbsp;&nbsp;&nbsp; ZRUJ-TCOZ, 30.950%, 10/01/2025 †x#^ | Affirm | 10/04/2024 | 1242 | 1284 | 99 |
| &nbsp;&nbsp;&nbsp; ZRUX-1YN2, 35.260%, 2/06/2026 †x#^ | Affirm | 8/29/2025 | 172 | 175 | 30 |
| &nbsp;&nbsp;&nbsp; ZRUX-CO67, 35.570%, 7/03/2026 †x# | Affirm | 1/29/2025 | 310 | 318 | 25 |
| &nbsp;&nbsp;&nbsp; ZRV0-6OQR, 32.500%, 1/02/2027 †x# | Affirm | 1/29/2025 | 2094 | 2067 | 168 |
| &nbsp;&nbsp;&nbsp; ZRV1-N0NV, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 45 | 45 | 45 |
| &nbsp;&nbsp;&nbsp; ZRVB-4579, 33.050%, 3/20/2026 †§x | Affirm | 3/28/2025 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZRVB-EJSF, 31.000%, 7/21/2027 †x | Affirm | 2/13/2026 | 3929 | 4194 | 4197 |
| &nbsp;&nbsp;&nbsp; ZRVJ-L5FX, 35.420%, 6/02/2026 †§x | Affirm | 6/27/2025 | 38 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; ZRW4-480X, 31.000%, 2/07/2026 †§x#^ | Affirm | 2/26/2025 | 53 | 53 | 12 |
| &nbsp;&nbsp;&nbsp; ZRWU-C57S, 24.620%, 2/26/2026 †x#^ | Affirm | 8/29/2024 | 739 | 768 | 59 |
| &nbsp;&nbsp;&nbsp; ZRX3-3GWW, 24.930%, 7/22/2026 †§x | Affirm | 2/13/2026 | 52 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZRX4-41WZ, 35.300%, 3/20/2026 †§x | Affirm | 3/28/2025 | 22 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZRXK-YD3Q, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 354 | 352 | 353 |
| &nbsp;&nbsp;&nbsp; ZRY2-YFZK, 24.400%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 90 | 91 | 91 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6058** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZRYX-PBX8, 35.400%, 4/09/2025 †x#^ | Affirm | 4/12/2024 | $75 | $75 | $6 |
| &nbsp;&nbsp;&nbsp; ZRZ9-QIQD, 32.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 344 | 360 | 28 |
| &nbsp;&nbsp;&nbsp; ZRZD-44KI, 33.950%, 7/03/2026 †§x | Affirm | 1/29/2025 | 134 | 136 | 136 |
| &nbsp;&nbsp;&nbsp; ZRZQ-W5Q2, 32.000%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1252 | 1336 | 1353 |
| &nbsp;&nbsp;&nbsp; ZRZV-X6T0, 11.920%, 3/03/2026 †§x | Affirm | 3/28/2025 | 156 | 158 | 155 |
| &nbsp;&nbsp;&nbsp; ZS06-WIK1, 30.000%, 10/24/2024 †x#^ | Affirm | 4/27/2023 | 283 | 300 | 23 |
| &nbsp;&nbsp;&nbsp; ZS0C-EMFJ, 29.610%, 1/17/2025 †x#^ | Affirm | 1/20/2023 | 500 | 528 | 40 |
| &nbsp;&nbsp;&nbsp; ZS0K-DHBD, 29.630%, 3/25/2026 †§x | Affirm | 9/30/2024 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; ZS0K-K34X, 33.950%, 4/24/2026 †§x | Affirm | 10/28/2024 | 65 | 65 | 65 |
| &nbsp;&nbsp;&nbsp; ZS14-7N2T, 15.790%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 129 | 135 | 10 |
| &nbsp;&nbsp;&nbsp; ZS26-0HBS, 16.936%, 1/23/2027 †§x« | Affirm | 2/13/2026 | 1109 | 965 | 960 |
| &nbsp;&nbsp;&nbsp; ZS29-1F2X, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 22 | 22 | 23 |
| &nbsp;&nbsp;&nbsp; ZS2F-RGN0, 26.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 142 | 150 | 150 |
| &nbsp;&nbsp;&nbsp; ZS2F-W948, 29.650%, 9/26/2023 †x#^ | Affirm | 9/29/2022 | 783 | 821 | 63 |
| &nbsp;&nbsp;&nbsp; ZS2Q-84X2, 29.960%, 7/22/2026 †§x | Affirm | 2/13/2026 | 60 | 61 | 62 |
| &nbsp;&nbsp;&nbsp; ZS2W-T3IF, 29.630%, 6/01/2024 †x#^ | Affirm | 12/05/2022 | 213 | 213 | 17 |
| &nbsp;&nbsp;&nbsp; ZS35-42F5, 13.240%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 42 | 41 | 42 |
| &nbsp;&nbsp;&nbsp; ZS3K-TNL1, 29.710%, 8/06/2024 †x#^ | Affirm | 1/12/2023 | 593 | 581 | 47 |
| &nbsp;&nbsp;&nbsp; ZS4B-M1RF, 26.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 38 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; ZS4Y-36K6, 29.530%, 9/01/2025 †x#^ | Affirm | 9/08/2023 | 302 | 306 | 24 |
| &nbsp;&nbsp;&nbsp; ZS4Z-AQUE, 28.000%, 12/08/2022 †x#^ | Affirm | 6/13/2022 | 132 | 136 | 11 |
| &nbsp;&nbsp;&nbsp; ZS51-JUKI, 29.560%, 9/28/2025 †x#^ | Affirm | 10/05/2023 | 1459 | 1479 | 117 |
| &nbsp;&nbsp;&nbsp; ZS53-O3KR, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 42 | 42 | 42 |
| &nbsp;&nbsp;&nbsp; ZS59-30QA, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 112 | 116 | 116 |
| &nbsp;&nbsp;&nbsp; ZS5D-P6IX, 29.020%, 8/28/2025 †x#^ | Affirm | 9/01/2023 | 209 | 224 | 17 |
| &nbsp;&nbsp;&nbsp; ZS5W-82WE, 29.660%, 6/22/2026 †§x | Affirm | 1/16/2026 | 70 | 71 | 72 |
| &nbsp;&nbsp;&nbsp; ZS64-X7YU, 35.380%, 10/05/2024 †x#^ | Affirm | 10/10/2023 | 74 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZS6D-C12V, 15.760%, 6/17/2026 †§x | Affirm | 6/21/2024 | 228 | 229 | 230 |
| &nbsp;&nbsp;&nbsp; ZS6E-8RDF, 15.900%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 51 | 54 | 8 |
| &nbsp;&nbsp;&nbsp; ZS6Z-DMO4, 32.500%, 4/17/2026 †§x | Affirm | 4/22/2024 | 178 | 178 | 178 |
| &nbsp;&nbsp;&nbsp; ZS75-XSWL, 35.510%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 63 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; ZS7G-6JGA, 33.050%, 9/03/2025 †x#^ | Affirm | 3/28/2025 | 360 | 368 | 29 |
| &nbsp;&nbsp;&nbsp; ZS7M-4AP9, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 2008 | 1958 | 1951 |
| &nbsp;&nbsp;&nbsp; ZS86-R312, 33.050%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 361 | 378 | 383 |
| &nbsp;&nbsp;&nbsp; ZS8P-QO1B, 7.864%, 9/08/2026 †§x« | Affirm | 9/26/2025 | 624 | 599 | 595 |
| &nbsp;&nbsp;&nbsp; ZS8U-JECZ, 35.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; ZS8X-Y7EP, 33.050%, 3/22/2026 †§x | Affirm | 1/16/2026 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZS95-RZ1F, 26.200%, 11/14/2023 †x#^ | Affirm | 11/17/2022 | 110 | 116 | 9 |
| &nbsp;&nbsp;&nbsp; ZSAU-SG3P, 29.440%, 5/09/2025 †x#^ | Affirm | 5/13/2024 | 154 | 161 | 12 |
| &nbsp;&nbsp;&nbsp; ZSAW-DELT, 28.000%, 4/11/2023 †x#^ | Affirm | 4/14/2022 | 136 | 135 | 11 |
| &nbsp;&nbsp;&nbsp; ZSBE-T5SF, 29.860%, 7/22/2026 †§x | Affirm | 2/13/2026 | 56 | 57 | 57 |
| &nbsp;&nbsp;&nbsp; ZSBF-LLBQ, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 160 | 164 | 165 |
| &nbsp;&nbsp;&nbsp; ZSBY-QPKU, 35.300%, 3/03/2026 †§x | Affirm | 3/28/2025 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZSC0-CVWQ, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 291 | 288 | 288 |
| &nbsp;&nbsp;&nbsp; ZSC3-L3B7, 29.560%, 4/21/2024 †x#^ | Affirm | 10/28/2022 | 177 | 185 | 14 |
| &nbsp;&nbsp;&nbsp; ZSC8-XGLL, 35.670%, 1/02/2027 †§x | Affirm | 1/29/2025 | 504 | 500 | 505 |
| &nbsp;&nbsp;&nbsp; ZSDB-AIOS, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 1990 | 1940 | 1933 |
| &nbsp;&nbsp;&nbsp; ZSDB-C636, 29.300%, 1/11/2023 †x#^ | Affirm | 10/14/2022 | 33 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; ZSDD-8NGZ, 29.650%, 6/22/2026 †§x | Affirm | 1/16/2026 | 95 | 97 | 97 |
| &nbsp;&nbsp;&nbsp; ZSDI-4QMI, 26.200%, 9/08/2023 †x#^ | Affirm | 3/13/2023 | 67 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; ZSDI-DZZ8, 35.430%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 12 | 12 | 1 |
| &nbsp;&nbsp;&nbsp; ZSE5-6MPY, 29.560%, 4/28/2024 †x#^ | Affirm | 11/03/2022 | 90 | 95 | 7 |
| &nbsp;&nbsp;&nbsp; ZSE8-MYMP, 24.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 455 | 471 | 471 |
| &nbsp;&nbsp;&nbsp; ZSEB-DBD0, 29.410%, 7/28/2024 †x#^ | Affirm | 8/03/2023 | 51 | 51 | 4 |
| &nbsp;&nbsp;&nbsp; ZSF0-6YHL, 35.310%, 3/20/2026 †§x | Affirm | 3/28/2025 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; ZSFB-WBFM, 24.800%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 1233 | 1260 | 99 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6059** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZSFG-J5SO, 35.450%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | $120 | $123 | $10 |
| &nbsp;&nbsp;&nbsp; ZSFK-MGMO, 7.409%, 2/25/2023 †x#^« | Affirm | 12/01/2022 | 125 | 123 | 10 |
| &nbsp;&nbsp;&nbsp; ZSFR-HMA4, 23.400%, 6/02/2026 †§x | Affirm | 6/27/2025 | 106 | 107 | 107 |
| &nbsp;&nbsp;&nbsp; ZSGC-5L7B, 29.720%, 4/13/2024 †x#^ | Affirm | 1/20/2023 | 65 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZSGE-PSIV, 35.950%, 4/14/2026 †§x | Affirm | 2/13/2026 | 26 | 25 | 26 |
| &nbsp;&nbsp;&nbsp; ZSGN-KF62, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 133 | 137 | 137 |
| &nbsp;&nbsp;&nbsp; ZSGP-YSJT, 35.650%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 370 | 382 | 384 |
| &nbsp;&nbsp;&nbsp; ZSGZ-KCW8, 27.500%, 4/12/2023 †x#^ | Affirm | 4/15/2022 | 225 | 233 | 18 |
| &nbsp;&nbsp;&nbsp; ZSGZ-ROU3, 15.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 139 | 143 | 144 |
| &nbsp;&nbsp;&nbsp; ZSH0-V0AP, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 171 | 169 | 169 |
| &nbsp;&nbsp;&nbsp; ZSI2-KUZI, 35.700%, 9/03/2026 †x | Affirm | 3/28/2025 | 433 | 421 | 421 |
| &nbsp;&nbsp;&nbsp; ZSIB-0UEB, 24.400%, 8/10/2026 †§x# | Affirm | 2/26/2025 | 205 | 208 | 209 |
| &nbsp;&nbsp;&nbsp; ZSIW-CGHW, 22.810%, 8/11/2026 †§x | Affirm | 2/26/2025 | 584 | 593 | 594 |
| &nbsp;&nbsp;&nbsp; ZSJ0-P4AE, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 128 | 131 | 132 |
| &nbsp;&nbsp;&nbsp; ZSJB-B6K1, 29.630%, 12/22/2026 †§x | Affirm | 1/16/2026 | 110 | 116 | 117 |
| &nbsp;&nbsp;&nbsp; ZSJG-8P0A, 11.816%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 606 | 579 | 586 |
| &nbsp;&nbsp;&nbsp; ZSKS-VK49, 35.370%, 6/12/2024 †x#^ | Affirm | 6/15/2023 | 137 | 140 | 11 |
| &nbsp;&nbsp;&nbsp; ZSKX-G64V, 33.950%, 12/16/2024 †x#^ | Affirm | 9/19/2024 | 205 | 209 | 16 |
| &nbsp;&nbsp;&nbsp; ZSM0-LI0U, 15.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 3851 | 4051 | 4103 |
| &nbsp;&nbsp;&nbsp; ZSM1-IYPX, 9.860%, 12/22/2026 †§x | Affirm | 1/16/2026 | 159 | 164 | 165 |
| &nbsp;&nbsp;&nbsp; ZSMI-V323, 35.350%, 7/08/2026 †§x | Affirm | 7/31/2025 | 183 | 185 | 185 |
| &nbsp;&nbsp;&nbsp; ZSMO-DR1B, 34.000%, 2/21/2024 †x#^ | Affirm | 2/24/2023 | 131 | 132 | 10 |
| &nbsp;&nbsp;&nbsp; ZSMX-AGMT, 25.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | 79 | 79 | 80 |
| &nbsp;&nbsp;&nbsp; ZSN3-G3MZ, 35.410%, 4/25/2025 †x#^ | Affirm | 10/31/2024 | 217 | 224 | 17 |
| &nbsp;&nbsp;&nbsp; ZSNF-692H, 35.380%, 5/28/2025 †x#^ | Affirm | 12/04/2023 | 254 | 260 | 20 |
| &nbsp;&nbsp;&nbsp; ZSNO-A4CB, 7.659%, 7/08/2026 †§x« | Affirm | 7/31/2025 | 137 | 134 | 84 |
| &nbsp;&nbsp;&nbsp; ZSNQ-Z1VW, 15.830%, 7/21/2027 †§x | Affirm | 2/13/2026 | 276 | 295 | 299 |
| &nbsp;&nbsp;&nbsp; ZSOV-S4WV, 7.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 235 | 243 | 245 |
| &nbsp;&nbsp;&nbsp; ZSOX-S14T, 35.330%, 5/22/2025 †x#^ | Affirm | 5/28/2024 | 128 | 129 | 10 |
| &nbsp;&nbsp;&nbsp; ZSPC-TK5U, 35.580%, 2/22/2025 †x#^ | Affirm | 2/29/2024 | 254 | 235 | 20 |
| &nbsp;&nbsp;&nbsp; ZSPO-WHTB, 35.390%, 3/24/2027 †§x | Affirm | 3/31/2025 | 1175 | 1171 | 1184 |
| &nbsp;&nbsp;&nbsp; ZSPS-7F1X, 29.420%, 3/20/2026 †§x | Affirm | 3/28/2025 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZSPT-NG35, 26.700%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 82 | 84 | 84 |
| &nbsp;&nbsp;&nbsp; ZSQ0-NQAH, 35.490%, 3/12/2026 †§x | Affirm | 9/26/2025 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; ZSQF-R7QL, 33.150%, 7/13/2026 †x# | Affirm | 1/29/2025 | 206 | 204 | 16 |
| &nbsp;&nbsp;&nbsp; ZSQH-VDDI, 35.710%, 8/12/2026 †§x | Affirm | 2/26/2025 | 395 | 393 | 393 |
| &nbsp;&nbsp;&nbsp; ZSQT-FISC, 15.780%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 86 | 90 | 7 |
| &nbsp;&nbsp;&nbsp; ZSR0-RX77, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 28 | 27 | 28 |
| &nbsp;&nbsp;&nbsp; ZSRH-IMQO, 35.580%, 9/23/2025 †x#^ | Affirm | 9/26/2024 | 374 | 375 | 30 |
| &nbsp;&nbsp;&nbsp; ZSRJ-DY66, 29.210%, 1/13/2024 †x#^ | Affirm | 1/20/2023 | 35 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZSRJ-SH4T, 35.500%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 172 | 172 | 14 |
| &nbsp;&nbsp;&nbsp; ZSRN-A6RK, 25.200%, 1/21/2029 †x# | Affirm | 2/13/2026 | 2183 | 2355 | 2360 |
| &nbsp;&nbsp;&nbsp; ZSRN-K0C5, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 69 | 70 | 71 |
| &nbsp;&nbsp;&nbsp; ZSS7-QG63, 33.050%, 3/22/2026 †§x | Affirm | 1/16/2026 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; ZSS8-Z6HQ, 27.100%, 5/25/2024 †x#^ | Affirm | 12/01/2022 | 206 | 220 | 16 |
| &nbsp;&nbsp;&nbsp; ZSSQ-LPZG, 29.570%, 12/05/2025 †x#^ | Affirm | 12/08/2023 | 98 | 103 | 8 |
| &nbsp;&nbsp;&nbsp; ZSSR-D92B, 24.400%, 4/28/2027 †§x# | Affirm | 5/03/2024 | 357 | 361 | 359 |
| &nbsp;&nbsp;&nbsp; ZSST-CEDJ, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 194 | 192 | 191 |
| &nbsp;&nbsp;&nbsp; ZSSY-IJWI, 35.840%, 7/06/2025 †x#^ | Affirm | 1/29/2025 | 85 | 85 | 7 |
| &nbsp;&nbsp;&nbsp; ZST1-AJ10, 35.900%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 24 | 24 | 2 |
| &nbsp;&nbsp;&nbsp; ZSTG-WLNC, 31.000%, 6/20/2026 †§x | Affirm | 12/27/2024 | 86 | 88 | 88 |
| &nbsp;&nbsp;&nbsp; ZSTJ-KP3G, 6.625%, 7/26/2026 †§x« | Affirm | 2/13/2026 | 629 | 613 | 611 |
| &nbsp;&nbsp;&nbsp; ZSU9-ZYZ3, 30.000%, 12/23/2024 †x#^ | Affirm | 6/29/2023 | 55 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZSUL-24O9, 33.050%, 2/29/2024 †x#^ | Affirm | 9/05/2023 | 191 | 197 | 15 |
| &nbsp;&nbsp;&nbsp; ZSUO-SOV3, 35.280%, 7/02/2024 †x#^ | Affirm | 1/05/2024 | 60 | 61 | 5 |
| &nbsp;&nbsp;&nbsp; ZSUS-88IZ, 23.400%, 3/26/2026 †§x# | Affirm | 9/30/2024 | 34 | 34 | 34 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6060** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZSUT-AVJZ, 29.630%, 12/12/2023 †x#^ | Affirm | 12/15/2022 | $81 | $85 | $6 |
| &nbsp;&nbsp;&nbsp; ZSVU-F64I, 35.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 65 | 65 | 65 |
| &nbsp;&nbsp;&nbsp; ZSVU-L8YY, 35.450%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 49 | 49 | 4 |
| &nbsp;&nbsp;&nbsp; ZSVZ-C3QT, 35.300%, 3/20/2026 †§x | Affirm | 3/28/2025 | 182 | 182 | 183 |
| &nbsp;&nbsp;&nbsp; ZSWJ-NS8M, 35.480%, 10/28/2025 †x#^ | Affirm | 10/31/2024 | 109 | 110 | 9 |
| &nbsp;&nbsp;&nbsp; ZSWN-OEGM, 24.660%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 84 | 87 | 7 |
| &nbsp;&nbsp;&nbsp; ZSWW-77GR, 35.610%, 8/06/2026 †§x | Affirm | 2/26/2025 | 181 | 179 | 179 |
| &nbsp;&nbsp;&nbsp; ZSX4-03WR, 28.500%, 4/28/2023 †x#^ | Affirm | 5/05/2022 | 243 | 256 | 19 |
| &nbsp;&nbsp;&nbsp; ZSXD-AP1P, 22.750%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 15 | 16 | 2 |
| &nbsp;&nbsp;&nbsp; ZSXJ-WPUM, 25.900%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; ZSY2-SK7N, 27.100%, 9/07/2024 †x#^ | Affirm | 9/12/2022 | 721 | 774 | 58 |
| &nbsp;&nbsp;&nbsp; ZSY5-ZE14, 23.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 234 | 243 | 243 |
| &nbsp;&nbsp;&nbsp; ZSYG-5KS9, 29.460%, 12/29/2022 †x#^ | Affirm | 7/05/2022 | 93 | 96 | 7 |
| &nbsp;&nbsp;&nbsp; ZSYK-RW5D, 13.840%, 1/02/2027 †§x | Affirm | 1/29/2025 | 916 | 935 | 938 |
| &nbsp;&nbsp;&nbsp; ZSYS-GVT1, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 123 | 122 | 122 |
| &nbsp;&nbsp;&nbsp; ZSZR-7A82, 35.580%, 9/08/2026 †§x | Affirm | 9/26/2025 | 89 | 92 | 92 |
| &nbsp;&nbsp;&nbsp; ZSZU-B503, 32.500%, 1/22/2027 †§x | Affirm | 2/13/2026 | 498 | 514 | 515 |
| &nbsp;&nbsp;&nbsp; ZT03-NKNP, 29.440%, 11/10/2024 †x#^ | Affirm | 5/15/2023 | 142 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZT07-7WPT, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 476 | 500 | 500 |
| &nbsp;&nbsp;&nbsp; ZT07-VG4U, 31.000%, 2/10/2027 †§x | Affirm | 2/26/2025 | 1361 | 1405 | 1411 |
| &nbsp;&nbsp;&nbsp; ZT0N-C3AW, 27.500%, 11/28/2023 †x#^ | Affirm | 12/01/2022 | 2150 | 2248 | 172 |
| &nbsp;&nbsp;&nbsp; ZT0S-C8WX, 28.000%, 1/06/2024 †x#^ | Affirm | 1/12/2023 | 27 | 28 | 2 |
| &nbsp;&nbsp;&nbsp; ZT0U-H9GM, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 151 | 154 | 155 |
| &nbsp;&nbsp;&nbsp; ZT16-CDU3, 35.460%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 2695 | 2802 | 216 |
| &nbsp;&nbsp;&nbsp; ZT1B-2M6G, 15.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 150 | 155 | 156 |
| &nbsp;&nbsp;&nbsp; ZT1C-5PMK, 29.530%, 10/08/2024 †x#^ | Affirm | 4/11/2024 | 37 | 38 | 3 |
| &nbsp;&nbsp;&nbsp; ZT1T-TPQQ, 33.950%, 3/08/2026 †x# | Affirm | 9/26/2025 | 58 | 59 | 5 |
| &nbsp;&nbsp;&nbsp; ZT22-ZEQM, 35.770%, 2/07/2026 †§x#^ | Affirm | 2/26/2025 | 287 | 287 | 46 |
| &nbsp;&nbsp;&nbsp; ZT24-EM9L, 35.570%, 2/27/2025 †x#^ | Affirm | 3/01/2024 | 185 | 194 | 15 |
| &nbsp;&nbsp;&nbsp; ZT24-I5KN, 15.760%, 3/22/2026 †§x | Affirm | 1/16/2026 | 37 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; ZT2D-GRPO, 18.000%, 6/24/2027 †§x | Affirm | 1/16/2026 | 247 | 259 | 261 |
| &nbsp;&nbsp;&nbsp; ZT2F-53E3, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 172 | 170 | 170 |
| &nbsp;&nbsp;&nbsp; ZT2L-4RAE, 14.700%, 6/22/2026 †§x | Affirm | 1/16/2026 | 160 | 163 | 165 |
| &nbsp;&nbsp;&nbsp; ZT2N-AD2H, 29.200%, 4/22/2026 †§x | Affirm | 2/13/2026 | 55 | 54 | 55 |
| &nbsp;&nbsp;&nbsp; ZT2R-1E4I, 28.000%, 5/28/2024 †x#^ | Affirm | 12/05/2022 | 185 | 197 | 15 |
| &nbsp;&nbsp;&nbsp; ZT2S-281L, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 75 | 75 | 76 |
| &nbsp;&nbsp;&nbsp; ZT37-YE04, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 62 | 63 | 64 |
| &nbsp;&nbsp;&nbsp; ZT3O-AVRP, 15.730%, 9/03/2026 †§x# | Affirm | 3/28/2025 | 428 | 433 | 426 |
| &nbsp;&nbsp;&nbsp; ZT3X-7POG, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 137 | 140 | 141 |
| &nbsp;&nbsp;&nbsp; ZT3Y-KR7M, 29.820%, 2/25/2023 †x#^ | Affirm | 3/03/2022 | 83 | 86 | 7 |
| &nbsp;&nbsp;&nbsp; ZT48-2BKR, 29.590%, 10/18/2026 †§x | Affirm | 10/25/2024 | 253 | 257 | 258 |
| &nbsp;&nbsp;&nbsp; ZT4H-BXU8, 22.810%, 8/06/2026 †§x | Affirm | 2/26/2025 | 368 | 375 | 374 |
| &nbsp;&nbsp;&nbsp; ZT4I-6BAM, 35.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 17 | 17 | 17 |
| &nbsp;&nbsp;&nbsp; ZT4J-KB3B, 28.500%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 249 | 254 | 20 |
| &nbsp;&nbsp;&nbsp; ZT5E-L58C, 35.981%, 5/22/2024 †x#^ | Affirm | 5/25/2023 | 149 | 145 | 12 |
| &nbsp;&nbsp;&nbsp; ZT5F-2XNV, 15.830%, 1/22/2027 †§x | Affirm | 2/13/2026 | 101 | 106 | 106 |
| &nbsp;&nbsp;&nbsp; ZT5V-9033, 33.050%, 6/02/2026 †§x | Affirm | 6/27/2025 | 65 | 66 | 66 |
| &nbsp;&nbsp;&nbsp; ZT62-R03C, 33.000%, 6/17/2025 †x#^ | Affirm | 6/21/2024 | 568 | 572 | 45 |
| &nbsp;&nbsp;&nbsp; ZT64-ZVHQ, 35.520%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 9 | 10 | 1 |
| &nbsp;&nbsp;&nbsp; ZT65-2KWB, 35.450%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 228 | 233 | 18 |
| &nbsp;&nbsp;&nbsp; ZT6C-HK9M, 23.400%, 12/20/2026 †§x | Affirm | 12/27/2024 | 263 | 269 | 270 |
| &nbsp;&nbsp;&nbsp; ZT6C-ZZX1, 29.570%, 8/16/2026 †§x | Affirm | 8/22/2024 | 181 | 183 | 183 |
| &nbsp;&nbsp;&nbsp; ZT6H-3OLY, 35.390%, 9/08/2027 †§x | Affirm | 9/26/2025 | 474 | 475 | 484 |
| &nbsp;&nbsp;&nbsp; ZT6L-6JJJ, 29.550%, 3/22/2026 †§x | Affirm | 1/16/2026 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZT6N-8E40, 35.310%, 5/28/2026 †x# | Affirm | 3/31/2025 | 90 | 91 | 90 |
| &nbsp;&nbsp;&nbsp; ZT73-SPYD, 32.500%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 40 | 40 | 40 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6061** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZT76-IR47, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | $376 | $395 | $395 |
| &nbsp;&nbsp;&nbsp; ZT7R-GVGW, 18.000%, 6/24/2027 †§x | Affirm | 1/16/2026 | 746 | 780 | 788 |
| &nbsp;&nbsp;&nbsp; ZT7T-E1AX, 27.950%, 3/01/2027 †x | Affirm | 3/07/2024 | 2387 | 2332 | 2324 |
| &nbsp;&nbsp;&nbsp; ZT8R-5TU5, 35.770%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 687 | 712 | 55 |
| &nbsp;&nbsp;&nbsp; ZT91-NZDR, 18.000%, 3/20/2026 †§x | Affirm | 3/28/2025 | 59 | 59 | 59 |
| &nbsp;&nbsp;&nbsp; ZT9I-GS7M, 35.560%, 2/10/2027 †§x | Affirm | 2/26/2025 | 543 | 539 | 544 |
| &nbsp;&nbsp;&nbsp; ZT9T-65W6, 23.400%, 7/08/2026 †§x | Affirm | 7/31/2025 | 133 | 135 | 135 |
| &nbsp;&nbsp;&nbsp; ZTAC-B5V6, 29.620%, 3/08/2027 †§x | Affirm | 9/26/2025 | 255 | 268 | 265 |
| &nbsp;&nbsp;&nbsp; ZTAC-NLOC, 35.530%, 12/22/2026 †x# | Affirm | 1/16/2026 | 1047 | 1038 | 213 |
| &nbsp;&nbsp;&nbsp; ZTBM-PFR8, 29.410%, 3/20/2026 †§x | Affirm | 3/28/2025 | 14 | 14 | 15 |
| &nbsp;&nbsp;&nbsp; ZTBM-YUYE, 27.950%, 1/02/2028 †§x | Affirm | 1/29/2025 | 1496 | 1471 | 619 |
| &nbsp;&nbsp;&nbsp; ZTBN-M8PL, 15.650%, 2/29/2024 †x#^ | Affirm | 9/01/2023 | 17 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; ZTBY-BUPZ, 33.950%, 3/22/2026 †§x | Affirm | 1/16/2026 | 42 | 42 | 42 |
| &nbsp;&nbsp;&nbsp; ZTC3-AK9Q, 6.494%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 386 | 378 | 376 |
| &nbsp;&nbsp;&nbsp; ZTC6-OJ1D, 29.470%, 2/21/2025 †x#^ | Affirm | 8/24/2023 | 142 | 141 | 11 |
| &nbsp;&nbsp;&nbsp; ZTC7-5Q5V, 35.460%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 212 | 224 | 17 |
| &nbsp;&nbsp;&nbsp; ZTC8-EI5H, 35.330%, 8/02/2026 †x# | Affirm | 6/27/2025 | 173 | 170 | 20 |
| &nbsp;&nbsp;&nbsp; ZTCA-YXPN, 33.500%, 5/19/2024 †x#^ | Affirm | 5/25/2023 | 509 | 518 | 41 |
| &nbsp;&nbsp;&nbsp; ZTD5-7TTI, 22.720%, 12/22/2026 †§x | Affirm | 1/16/2026 | 69 | 69 | 70 |
| &nbsp;&nbsp;&nbsp; ZTDF-N51B, 15.710%, 7/08/2026 †x# | Affirm | 7/31/2025 | 161 | 158 | 21 |
| &nbsp;&nbsp;&nbsp; ZTDJ-VGWO, 29.570%, 4/17/2024 †x#^ | Affirm | 10/20/2022 | 397 | 426 | 32 |
| &nbsp;&nbsp;&nbsp; ZTE3-TT6L, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 51 | 51 | 52 |
| &nbsp;&nbsp;&nbsp; ZTE5-34T3, 33.950%, 8/26/2027 †§x# | Affirm | 8/29/2024 | 878 | 853 | 857 |
| &nbsp;&nbsp;&nbsp; ZTEB-Z9J7, 29.720%, 1/18/2024 †x#^ | Affirm | 1/23/2023 | 16 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZTEC-PADI, 29.670%, 6/22/2026 †§x | Affirm | 1/16/2026 | 95 | 97 | 97 |
| &nbsp;&nbsp;&nbsp; ZTED-ABIQ, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 235 | 243 | 246 |
| &nbsp;&nbsp;&nbsp; ZTEG-CWUW, 15.750%, 8/28/2026 †§x# | Affirm | 9/01/2023 | 382 | 388 | 389 |
| &nbsp;&nbsp;&nbsp; ZTEK-D1YO, 29.820%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 95 | 100 | 8 |
| &nbsp;&nbsp;&nbsp; ZTF0-31R4, 29.000%, 4/07/2023 †x#^ | Affirm | 4/11/2022 | 787 | 778 | 63 |
| &nbsp;&nbsp;&nbsp; ZTF4-C2B5, 33.500%, 9/20/2025 †x#^ | Affirm | 3/28/2025 | 252 | 250 | 20 |
| &nbsp;&nbsp;&nbsp; ZTF9-EDO8, 33.050%, 2/19/2025 †x#^ | Affirm | 8/22/2024 | 194 | 200 | 16 |
| &nbsp;&nbsp;&nbsp; ZTFG-RPHH, 30.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 307 | 318 | 317 |
| &nbsp;&nbsp;&nbsp; ZTFK-JL6Y, 24.400%, 2/12/2027 †§x | Affirm | 2/26/2025 | 336 | 347 | 349 |
| &nbsp;&nbsp;&nbsp; ZTFK-UAGL, 15.700%, 3/08/2026 †§x | Affirm | 9/26/2025 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; ZTFN-HQV4, 23.250%, 9/26/2027 †x# | Affirm | 9/30/2024 | 4112 | 4067 | 4121 |
| &nbsp;&nbsp;&nbsp; ZTFR-XN5J, 35.400%, 10/08/2024 †x#^ | Affirm | 4/11/2024 | 136 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZTGF-A581, 33.950%, 7/09/2025 †x#^ | Affirm | 1/29/2025 | 2135 | 2180 | 171 |
| &nbsp;&nbsp;&nbsp; ZTGO-W1T3, 35.250%, 9/28/2025 †x#^ | Affirm | 4/22/2025 | 152 | 155 | 12 |
| &nbsp;&nbsp;&nbsp; ZTH4-4VDM, 22.930%, 7/22/2026 †§x | Affirm | 2/13/2026 | 194 | 194 | 196 |
| &nbsp;&nbsp;&nbsp; ZTH9-WS5L, 35.340%, 3/22/2026 †x# | Affirm | 1/16/2026 | 41 | 40 | 11 |
| &nbsp;&nbsp;&nbsp; ZTHM-RSAS, 26.900%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 17 | 17 | 17 |
| &nbsp;&nbsp;&nbsp; ZTIE-KW8G, 35.000%, 5/15/2025 †x#^ | Affirm | 11/27/2024 | 420 | 425 | 34 |
| &nbsp;&nbsp;&nbsp; ZTJA-WE5J, 33.050%, 3/20/2026 †§x | Affirm | 3/28/2025 | 39 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; ZTJM-DU6S, 29.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 61 | 61 | 62 |
| &nbsp;&nbsp;&nbsp; ZTJN-WBA1, 35.280%, 7/29/2024 †x#^ | Affirm | 8/03/2023 | 374 | 386 | 30 |
| &nbsp;&nbsp;&nbsp; ZTKU-T6HR, 29.620%, 9/23/2026 †x# | Affirm | 9/26/2024 | 460 | 483 | 37 |
| &nbsp;&nbsp;&nbsp; ZTL1-KHKW, 30.950%, 3/12/2026 †§x | Affirm | 9/26/2025 | 7 | 7 | 8 |
| &nbsp;&nbsp;&nbsp; ZTLC-RQLQ, 35.310%, 5/06/2026 †§x | Affirm | 5/13/2024 | 226 | 227 | 226 |
| &nbsp;&nbsp;&nbsp; ZTLK-32IN, 33.950%, 12/12/2025 †x#^ | Affirm | 9/26/2025 | 19 | 20 | 1 |
| &nbsp;&nbsp;&nbsp; ZTLV-OYS0, 35.460%, 8/06/2026 †§x | Affirm | 8/29/2025 | 84 | 85 | 85 |
| &nbsp;&nbsp;&nbsp; ZTLZ-N6VX, 35.830%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 107 | 109 | 110 |
| &nbsp;&nbsp;&nbsp; ZTM6-1H65, 24.400%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 54 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZTM9-4MOZ, 29.540%, 10/11/2025 †x#^ | Affirm | 4/15/2024 | 131 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; ZTMH-PFH0, 35.370%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 952 | 947 | 940 |
| &nbsp;&nbsp;&nbsp; ZTMK-A0OO, 35.320%, 8/06/2026 †x# | Affirm | 5/30/2025 | 377 | 370 | 51 |
| &nbsp;&nbsp;&nbsp; ZTN1-X5HJ, 29.680%, 11/04/2023 †x#^ | Affirm | 11/10/2022 | 119 | 122 | 10 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6062** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZTN6-O88G, 29.520%, 4/20/2023 †x#^ | Affirm | 4/25/2022 | $1061 | $1048 | $85 |
| &nbsp;&nbsp;&nbsp; ZTNH-BQA4, 35.560%, 1/22/2027 †§x | Affirm | 2/13/2026 | 106 | 106 | 107 |
| &nbsp;&nbsp;&nbsp; ZTNM-1EWI, 22.570%, 5/28/2025 †x#^ | Affirm | 5/31/2024 | 172 | 177 | 14 |
| &nbsp;&nbsp;&nbsp; ZTNV-91CP, 15.880%, 3/03/2026 †§x | Affirm | 3/28/2025 | 23 | 22 | 22 |
| &nbsp;&nbsp;&nbsp; ZTOP-LV3O, 33.050%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 391 | 408 | 31 |
| &nbsp;&nbsp;&nbsp; ZTOU-JF2E, 35.450%, 9/23/2026 †§x | Affirm | 9/26/2024 | 333 | 331 | 338 |
| &nbsp;&nbsp;&nbsp; ZTPW-QFUS, 35.620%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 126 | 129 | 10 |
| &nbsp;&nbsp;&nbsp; ZTQD-O9C4, 29.640%, 5/10/2024 †x#^ | Affirm | 11/17/2022 | 329 | 330 | 26 |
| &nbsp;&nbsp;&nbsp; ZTQF-FTFC, 15.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 78 | 78 | 78 |
| &nbsp;&nbsp;&nbsp; ZTQM-BV80, 35.000%, 3/28/2025 †x#^ | Affirm | 1/29/2025 | 176 | 171 | 14 |
| &nbsp;&nbsp;&nbsp; ZTQO-U2C3, 19.700%, 8/26/2026 †§x# | Affirm | 8/29/2024 | 689 | 699 | 701 |
| &nbsp;&nbsp;&nbsp; ZTQQ-8ZQJ, 7.697%, 4/26/2026 †§x« | Affirm | 2/13/2026 | 78 | 77 | 77 |
| &nbsp;&nbsp;&nbsp; ZTQV-U383, 33.050%, 9/03/2026 †x# | Affirm | 3/28/2025 | 644 | 681 |  |
| &nbsp;&nbsp;&nbsp; ZTR8-ETSV, 28.500%, 4/11/2023 †x#^ | Affirm | 4/14/2022 | 573 | 566 | 46 |
| &nbsp;&nbsp;&nbsp; ZTRD-JMA5, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 666 | 669 | 670 |
| &nbsp;&nbsp;&nbsp; ZTRG-IVK0, 35.500%, 9/26/2025 †x#^ | Affirm | 9/30/2024 | 155 | 155 | 12 |
| &nbsp;&nbsp;&nbsp; ZTRX-WE2B, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 683 | 666 | 664 |
| &nbsp;&nbsp;&nbsp; ZTS1-4JCV, 33.130%, 6/22/2026 †§x | Affirm | 1/16/2026 | 119 | 119 | 120 |
| &nbsp;&nbsp;&nbsp; ZTS5-C7KF, 35.580%, 2/16/2025 †x#^ | Affirm | 2/23/2024 | 81 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; ZTTR-IFVR, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 568 | 570 | 576 |
| &nbsp;&nbsp;&nbsp; ZTTS-1H38, 35.370%, 3/22/2026 †§x | Affirm | 1/16/2026 | 15 | 15 | 16 |
| &nbsp;&nbsp;&nbsp; ZTU4-VZI8, 13.840%, 12/22/2026 †§x | Affirm | 1/16/2026 | 342 | 353 | 356 |
| &nbsp;&nbsp;&nbsp; ZTU8-8B32, 29.570%, 4/03/2024 †x#^ | Affirm | 10/06/2022 | 27 | 28 | 2 |
| &nbsp;&nbsp;&nbsp; ZTUE-G6MF, 29.700%, 6/22/2026 †§x | Affirm | 1/16/2026 | 37 | 37 | 38 |
| &nbsp;&nbsp;&nbsp; ZTUO-AOBK, 29.810%, 2/07/2026 †x#^ | Affirm | 2/26/2025 | 40 | 42 | 7 |
| &nbsp;&nbsp;&nbsp; ZTUU-6H0N, 35.510%, 6/22/2026 †x | Affirm | 1/16/2026 | 178 | 181 | 183 |
| &nbsp;&nbsp;&nbsp; ZTV1-4SZF, 29.650%, 5/04/2023 †x#^ | Affirm | 11/10/2022 | 12 | 12 | 1 |
| &nbsp;&nbsp;&nbsp; ZTV2-MKEL, 29.970%, 4/22/2026 †§x | Affirm | 2/13/2026 | 35 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZTV5-9QN8, 29.630%, 12/06/2022 †x#^ | Affirm | 12/09/2021 | 2 | 2 |  |
| &nbsp;&nbsp;&nbsp; ZTV9-EAF7, 35.370%, 1/09/2025 †x#^ | Affirm | 1/12/2024 | 67 | 69 | 5 |
| &nbsp;&nbsp;&nbsp; ZTV9-G5ZZ, 33.950%, 5/13/2026 †x# | Affirm | 11/27/2024 | 176 | 185 | 10 |
| &nbsp;&nbsp;&nbsp; ZTVE-6TAB, 33.000%, 10/25/2026 †x# | Affirm | 10/31/2024 | 1697 | 1677 | 136 |
| &nbsp;&nbsp;&nbsp; ZTVV-25NP, 26.900%, 3/03/2026 †§x | Affirm | 3/28/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZTVV-L4A8, 35.480%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 83 | 84 | 7 |
| &nbsp;&nbsp;&nbsp; ZTWB-0616, 29.430%, 3/20/2026 †§x | Affirm | 3/28/2025 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; ZTWS-WWB9, 35.540%, 12/22/2026 †§x | Affirm | 1/16/2026 | 177 | 185 | 187 |
| &nbsp;&nbsp;&nbsp; ZTX9-TWXX, 33.950%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 233 | 246 | 247 |
| &nbsp;&nbsp;&nbsp; ZTXH-4X48, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 1379 | 1418 | 1422 |
| &nbsp;&nbsp;&nbsp; ZTXR-0CAP, 31.000%, 12/09/2025 †x#^ | Affirm | 12/27/2024 | 257 | 270 | 21 |
| &nbsp;&nbsp;&nbsp; ZTXU-O38A, 35.580%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 56 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZTXW-FEJF, 29.770%, 5/21/2023 †x#^ | Affirm | 11/25/2022 | 52 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZTY3-7VHR, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 139 | 146 | 148 |
| &nbsp;&nbsp;&nbsp; ZTY6-XHK8, 33.090%, 12/22/2026 †§x | Affirm | 1/16/2026 | 154 | 152 | 155 |
| &nbsp;&nbsp;&nbsp; ZTYF-H4GQ, 33.950%, 12/07/2025 †x#^ | Affirm | 12/11/2023 | 33 | 34 | 4 |
| &nbsp;&nbsp;&nbsp; ZTYG-2KJ9, 35.410%, 2/26/2026 †x#^ | Affirm | 8/29/2024 | 186 | 182 | 15 |
| &nbsp;&nbsp;&nbsp; ZTZ3-YJD0, 35.470%, 8/27/2025 †x#^ | Affirm | 8/30/2024 | 74 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZTZY-VMMQ, 29.570%, 8/16/2026 †§x | Affirm | 8/22/2024 | 162 | 164 | 165 |
| &nbsp;&nbsp;&nbsp; ZU1A-UA95, 35.300%, 3/20/2026 †§x | Affirm | 3/28/2025 | 24 | 24 | 24 |
| &nbsp;&nbsp;&nbsp; ZU1F-IHXT, 33.950%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 156 | 158 | 158 |
| &nbsp;&nbsp;&nbsp; ZU1G-NBB3, 35.630%, 11/01/2023 †x#^ | Affirm | 11/04/2022 | 72 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; ZU1H-0P98, 14.810%, 9/19/2026 †x# | Affirm | 9/23/2024 | 3858 | 3813 | 309 |
| &nbsp;&nbsp;&nbsp; ZU1K-4JRR, 26.700%, 1/02/2027 †§x | Affirm | 1/29/2025 | 490 | 499 | 501 |
| &nbsp;&nbsp;&nbsp; ZU1N-DZ7H, 29.590%, 12/22/2026 †§x | Affirm | 1/16/2026 | 137 | 143 | 145 |
| &nbsp;&nbsp;&nbsp; ZU1N-MEJ4, 15.840%, 6/02/2027 †§x | Affirm | 6/27/2025 | 660 | 654 | 661 |
| &nbsp;&nbsp;&nbsp; ZU1N-ONAS, 35.160%, 1/25/2025 †x#^ | Affirm | 10/31/2024 | 57 | 56 | 5 |
| &nbsp;&nbsp;&nbsp; ZU1W-96TG, 29.960%, 4/22/2026 †§x | Affirm | 2/13/2026 | 51 | 52 | 52 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6063** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZU20-QRRC, 35.810%, 4/22/2026 †§x | Affirm | 2/13/2026 | $38 | $37 | $38 |
| &nbsp;&nbsp;&nbsp; ZU21-PCV3, 33.050%, 7/02/2026 †§x | Affirm | 1/29/2025 | 72 | 73 | 72 |
| &nbsp;&nbsp;&nbsp; ZU28-WXF3, 15.770%, 8/23/2026 †§x | Affirm | 8/29/2024 | 1518 | 1513 | 1536 |
| &nbsp;&nbsp;&nbsp; ZU2L-MNBP, 33.050%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZU2S-DOFH, 33.950%, 1/11/2027 †x | Affirm | 1/16/2024 | 1804 | 1855 | 1853 |
| &nbsp;&nbsp;&nbsp; ZU3C-9FBR, 26.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 82 | 82 | 83 |
| &nbsp;&nbsp;&nbsp; ZU3T-8JRO, 29.650%, 6/22/2026 †§x | Affirm | 1/16/2026 | 89 | 90 | 91 |
| &nbsp;&nbsp;&nbsp; ZU47-UITS, 29.730%, 1/22/2027 †§x | Affirm | 2/13/2026 | 108 | 114 | 115 |
| &nbsp;&nbsp;&nbsp; ZU4K-RZTY, 24.830%, 7/28/2026 †§x# | Affirm | 2/26/2025 | 262 | 256 | 255 |
| &nbsp;&nbsp;&nbsp; ZU4W-XTSR, 33.950%, 1/02/2027 †§x | Affirm | 1/29/2025 | 306 | 312 | 313 |
| &nbsp;&nbsp;&nbsp; ZU5I-PLLA, 29.810%, 3/03/2026 †§x | Affirm | 3/28/2025 | 106 | 106 | 106 |
| &nbsp;&nbsp;&nbsp; ZU5L-NLVS, 30.500%, 3/25/2025 †x#^ | Affirm | 9/30/2024 | 32 | 33 | 3 |
| &nbsp;&nbsp;&nbsp; ZU5P-5WK0, 35.570%, 9/08/2026 †§x# | Affirm | 9/26/2025 | 452 | 451 | 452 |
| &nbsp;&nbsp;&nbsp; ZU62-E6TW, 35.460%, 4/26/2027 †§x# | Affirm | 5/02/2024 | 1008 | 980 | 990 |
| &nbsp;&nbsp;&nbsp; ZU6A-PFMZ, 31.500%, 11/20/2026 †§x | Affirm | 11/27/2024 | 736 | 751 | 753 |
| &nbsp;&nbsp;&nbsp; ZU6J-QPDY, 29.430%, 3/20/2026 †§x | Affirm | 3/28/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZU6T-P56B, 35.820%, 7/22/2026 †§x | Affirm | 2/13/2026 | 64 | 64 | 65 |
| &nbsp;&nbsp;&nbsp; ZU7Q-RX0T, 31.700%, 3/28/2024 †x#^ | Affirm | 10/02/2023 | 2734 | 2642 | 219 |
| &nbsp;&nbsp;&nbsp; ZU7V-HK0R, 35.900%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 29 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZU80-04AS, 29.510%, 10/24/2024 †x#^ | Affirm | 4/27/2023 | 98 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; ZU8B-6OQT, 35.260%, 9/06/2024 †x#^ | Affirm | 3/11/2024 | 556 | 566 | 44 |
| &nbsp;&nbsp;&nbsp; ZU8W-WC0R, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 76 | 77 | 78 |
| &nbsp;&nbsp;&nbsp; ZU8Z-BLY1, 35.760%, 3/03/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZU99-C4Q2, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 493 | 516 | 522 |
| &nbsp;&nbsp;&nbsp; ZU9E-43TI, 34.490%, 3/17/2024 †x#^ | Affirm | 1/20/2023 | 138 | 141 | 11 |
| &nbsp;&nbsp;&nbsp; ZU9L-JWBQ, 25.200%, 7/22/2026 †§x | Affirm | 2/13/2026 | 2449 | 2509 | 2525 |
| &nbsp;&nbsp;&nbsp; ZUB3-N8IX, 22.750%, 4/18/2026 †§x | Affirm | 10/24/2024 | 127 | 128 | 128 |
| &nbsp;&nbsp;&nbsp; ZUBF-ASES, 33.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 1137 | 1190 | 1205 |
| &nbsp;&nbsp;&nbsp; ZUC7-ZF4P, 33.050%, 2/10/2026 †§x#^ | Affirm | 2/26/2025 | 69 | 72 | 15 |
| &nbsp;&nbsp;&nbsp; ZUC9-IXJ2, 15.800%, 3/08/2026 †§x | Affirm | 9/26/2025 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZUCC-YQL0, 32.000%, 3/24/2026 †x# | Affirm | 9/27/2024 | 1013 | 1068 | 81 |
| &nbsp;&nbsp;&nbsp; ZUCM-EA05, 18.000%, 6/22/2026 †§x | Affirm | 1/16/2026 | 332 | 338 | 341 |
| &nbsp;&nbsp;&nbsp; ZUCV-0IXY, 7.593%, 4/23/2026 †§x« | Affirm | 2/13/2026 | 185 | 183 | 184 |
| &nbsp;&nbsp;&nbsp; ZUD4-ZF2U, 18.000%, 9/26/2027 †§x# | Affirm | 9/30/2024 | 789 | 807 | 811 |
| &nbsp;&nbsp;&nbsp; ZUD5-R1LK, 27.500%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 112 | 110 | 9 |
| &nbsp;&nbsp;&nbsp; ZUDA-9304, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 223 | 229 | 230 |
| &nbsp;&nbsp;&nbsp; ZUDU-LJL6, 29.680%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 51 | 51 | 52 |
| &nbsp;&nbsp;&nbsp; ZUDZ-JWTA, 35.880%, 4/22/2026 †§x | Affirm | 2/13/2026 | 30 | 31 | 31 |
| &nbsp;&nbsp;&nbsp; ZUE1-PCQ9, 29.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 40 | 41 | 41 |
| &nbsp;&nbsp;&nbsp; ZUE6-CQXD, 35.500%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 97 | 98 | 8 |
| &nbsp;&nbsp;&nbsp; ZUEB-PBKZ, 30.000%, 11/29/2024 †x#^ | Affirm | 6/02/2023 | 1229 | 1237 | 98 |
| &nbsp;&nbsp;&nbsp; ZUEP-O6BJ, 35.880%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 336 | 303 | 27 |
| &nbsp;&nbsp;&nbsp; ZUFG-QZMV, 29.430%, 3/20/2026 †§x | Affirm | 3/28/2025 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; ZUFT-JY30, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 1733 | 1690 | 1683 |
| &nbsp;&nbsp;&nbsp; ZUFZ-F1JI, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 164 | 170 | 170 |
| &nbsp;&nbsp;&nbsp; ZUG9-C1FM, 35.700%, 8/12/2026 †§x | Affirm | 2/26/2025 | 136 | 135 | 135 |
| &nbsp;&nbsp;&nbsp; ZUG9-ECQI, 29.520%, 7/02/2025 †x#^ | Affirm | 1/05/2024 | 193 | 203 | 15 |
| &nbsp;&nbsp;&nbsp; ZUGO-6R0X, 35.440%, 10/28/2025 †x#^ | Affirm | 5/03/2024 | 276 | 279 | 22 |
| &nbsp;&nbsp;&nbsp; ZUGO-R47G, 22.630%, 4/21/2023 †x#^ | Affirm | 10/28/2022 | 83 | 85 | 7 |
| &nbsp;&nbsp;&nbsp; ZUGP-7EQL, 29.480%, 2/28/2025 †x#^ | Affirm | 9/01/2023 | 55 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; ZUGP-9CFF, 29.310%, 1/08/2026 †x#^ | Affirm | 7/31/2025 | 10 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; ZUHN-1Q44, 30.000%, 5/17/2025 †x#^ | Affirm | 5/22/2023 | 167 | 166 | 13 |
| &nbsp;&nbsp;&nbsp; ZUHT-211V, 35.320%, 9/28/2025 †x#^ | Affirm | 5/02/2024 | 411 | 425 | 33 |
| &nbsp;&nbsp;&nbsp; ZUI7-JI1J, 33.950%, 10/12/2024 †x#^ | Affirm | 4/18/2024 | 11 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; ZUIH-URTH, 23.400%, 7/21/2027 †§x | Affirm | 2/13/2026 | 354 | 371 | 371 |
| &nbsp;&nbsp;&nbsp; ZUIK-OBM6, 18.000%, 7/08/2027 †§x | Affirm | 7/31/2025 | 450 | 469 | 473 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6064** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZUIQ-FL7L, 15.650%, 11/13/2022 †x#^ | Affirm | 5/19/2022 | $107 | $110 | $9 |
| &nbsp;&nbsp;&nbsp; ZUIU-KLB0, 24.400%, 7/13/2026 †§x | Affirm | 1/29/2025 | 559 | 565 | 564 |
| &nbsp;&nbsp;&nbsp; ZUJ7-8QDZ, 28.970%, 5/24/2025 †x#^ | Affirm | 5/30/2023 | 359 | 358 | 29 |
| &nbsp;&nbsp;&nbsp; ZUJC-1VRB, 6.588%, 7/23/2026 †§x« | Affirm | 2/13/2026 | 474 | 463 | 461 |
| &nbsp;&nbsp;&nbsp; ZUJT-4BKI, 31.600%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 69 | 71 | 71 |
| &nbsp;&nbsp;&nbsp; ZUJZ-UC45, 31.000%, 11/15/2026 †§x | Affirm | 11/27/2024 | 307 | 314 | 315 |
| &nbsp;&nbsp;&nbsp; ZUK3-ITW9, 9.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 421 | 436 | 439 |
| &nbsp;&nbsp;&nbsp; ZUK9-IRK8, 35.480%, 6/22/2026 †§x | Affirm | 1/16/2026 | 143 | 144 | 146 |
| &nbsp;&nbsp;&nbsp; ZUKG-6QAA, 29.520%, 6/13/2026 †§x | Affirm | 6/16/2023 | 168 | 169 | 169 |
| &nbsp;&nbsp;&nbsp; ZUKS-KNKB, 15.000%, 3/26/2026 †§x# | Affirm | 9/30/2024 | 300 | 300 | 302 |
| &nbsp;&nbsp;&nbsp; ZUKU-PD3Y, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1580 | 1631 | 1631 |
| &nbsp;&nbsp;&nbsp; ZUL4-3NA9, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1793 | 1887 | 1888 |
| &nbsp;&nbsp;&nbsp; ZULD-GJV7, 13.104%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 483 | 475 | 474 |
| &nbsp;&nbsp;&nbsp; ZULO-ZAL3, 35.460%, 8/26/2025 †x#^ | Affirm | 8/30/2024 | 1964 | 1794 | 157 |
| &nbsp;&nbsp;&nbsp; ZULS-ETTC, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 113 | 119 | 120 |
| &nbsp;&nbsp;&nbsp; ZULV-0WF7, 11.815%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 113 | 109 | 108 |
| &nbsp;&nbsp;&nbsp; ZULY-171M, 29.460%, 10/08/2025 †x#^ | Affirm | 5/11/2023 | 704 | 701 | 56 |
| &nbsp;&nbsp;&nbsp; ZUM5-ONR5, 35.610%, 7/13/2026 †§x | Affirm | 1/29/2025 | 78 | 78 | 78 |
| &nbsp;&nbsp;&nbsp; ZUMI-WXCV, 29.610%, 1/21/2030 †x | Affirm | 2/13/2026 | 2000 | 2231 | 2258 |
| &nbsp;&nbsp;&nbsp; ZUMJ-SD8V, 27.500%, 9/12/2023 †x#^ | Affirm | 9/15/2022 | 71 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; ZUMM-NZ0Z, 35.780%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 111 | 110 | 9 |
| &nbsp;&nbsp;&nbsp; ZUN1-NZRC, 22.900%, 1/02/2028 †x# | Affirm | 1/29/2025 | 3045 | 3121 | 244 |
| &nbsp;&nbsp;&nbsp; ZUNZ-DJSB, 26.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 53 | 54 | 55 |
| &nbsp;&nbsp;&nbsp; ZUOL-QMRG, 18.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 38 | 38 | 38 |
| &nbsp;&nbsp;&nbsp; ZUOS-AQ98, 33.010%, 3/28/2025 †x#^ | Affirm | 1/29/2025 | 15 | 14 | 1 |
| &nbsp;&nbsp;&nbsp; ZUOS-ZXZF, 15.970%, 7/22/2026 †§x | Affirm | 2/13/2026 | 99 | 101 | 102 |
| &nbsp;&nbsp;&nbsp; ZUOX-U4TS, 22.900%, 4/28/2026 †x# | Affirm | 3/31/2025 | 134 | 134 | 65 |
| &nbsp;&nbsp;&nbsp; ZUPC-CYIN, 29.640%, 5/28/2024 †x#^ | Affirm | 12/01/2022 | 297 | 317 | 24 |
| &nbsp;&nbsp;&nbsp; ZUPI-2RME, 33.950%, 9/08/2026 †§x | Affirm | 9/26/2025 | 228 | 235 | 236 |
| &nbsp;&nbsp;&nbsp; ZUPL-BJLT, 24.760%, 1/22/2027 †§x | Affirm | 2/13/2026 | 541 | 558 | 560 |
| &nbsp;&nbsp;&nbsp; ZUQ2-R9QC, 29.030%, 5/05/2026 †§x# | Affirm | 5/11/2023 | 130 | 131 | 131 |
| &nbsp;&nbsp;&nbsp; ZUQ3-Q8WI, 29.520%, 5/02/2023 †x#^ | Affirm | 5/05/2022 | 17 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; ZUQ6-5PZJ, 15.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 461 | 484 | 491 |
| &nbsp;&nbsp;&nbsp; ZURO-XBRO, 22.780%, 1/09/2026 †x#^ | Affirm | 1/29/2025 | 66 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; ZUSC-JURK, 35.430%, 6/28/2026 †§x# | Affirm | 1/29/2025 | 76 | 77 | 76 |
| &nbsp;&nbsp;&nbsp; ZUSU-YOTK, 33.950%, 6/20/2026 †§x | Affirm | 6/24/2024 | 129 | 130 | 130 |
| &nbsp;&nbsp;&nbsp; ZUSX-0BL6, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 136 | 143 | 144 |
| &nbsp;&nbsp;&nbsp; ZUTB-ESPB, 35.460%, 8/06/2026 †§x | Affirm | 8/29/2025 | 79 | 80 | 80 |
| &nbsp;&nbsp;&nbsp; ZUTB-Z4EY, 35.990%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 181 | 180 | 15 |
| &nbsp;&nbsp;&nbsp; ZUTN-P2OH, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 318 | 329 | 328 |
| &nbsp;&nbsp;&nbsp; ZUTS-3K13, 25.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 43 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; ZUTY-PSPZ, 35.370%, 8/20/2025 †x#^ | Affirm | 8/23/2024 | 152 | 158 | 12 |
| &nbsp;&nbsp;&nbsp; ZUUT-RD60, 35.900%, 2/12/2027 †x# | Affirm | 2/26/2025 | 368 | 364 | 56 |
| &nbsp;&nbsp;&nbsp; ZUVI-YLDK, 35.310%, 5/06/2026 †§x | Affirm | 5/30/2025 | 31 | 31 | 31 |
| &nbsp;&nbsp;&nbsp; ZUVX-3E01, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 66 | 66 | 67 |
| &nbsp;&nbsp;&nbsp; ZUWH-66KJ, 29.200%, 1/08/2027 †§x# | Affirm | 7/31/2025 | 318 | 312 | 314 |
| &nbsp;&nbsp;&nbsp; ZUWS-1XVB, 35.460%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 424 | 428 | 34 |
| &nbsp;&nbsp;&nbsp; ZUX7-HGK8, 33.050%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 68 | 70 | 5 |
| &nbsp;&nbsp;&nbsp; ZUX8-K9M1, 35.590%, 6/22/2026 †§x | Affirm | 1/16/2026 | 232 | 235 | 236 |
| &nbsp;&nbsp;&nbsp; ZUXA-2AZY, 26.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 73 | 74 | 75 |
| &nbsp;&nbsp;&nbsp; ZUXO-SXP9, 19.700%, 12/22/2026 †§x | Affirm | 1/16/2026 | 204 | 211 | 212 |
| &nbsp;&nbsp;&nbsp; ZUXZ-BBBM, 19.220%, 12/05/2023 †x#^« | Affirm | 9/08/2023 | 196 | 188 | 16 |
| &nbsp;&nbsp;&nbsp; ZUY7-NNUY, 4.966%, 12/01/2023 †x#^« | Affirm | 12/05/2022 | 378 | 360 | 30 |
| &nbsp;&nbsp;&nbsp; ZUY8-DUH9, 35.000%, 8/06/2026 †§x | Affirm | 8/29/2025 | 873 | 866 | 866 |
| &nbsp;&nbsp;&nbsp; ZUYE-T96Z, 18.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 58 | 58 | 58 |
| &nbsp;&nbsp;&nbsp; ZUYH-N2JT, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 52 | 53 | 53 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6065** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZUYI-T5N3, 25.200%, 1/22/2027 †§x | Affirm | 2/13/2026 | $100 | $105 | $107 |
| &nbsp;&nbsp;&nbsp; ZUZ5-9NYX, 13.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 125 | 130 | 131 |
| &nbsp;&nbsp;&nbsp; ZUZE-6T0T, 35.360%, 12/24/2025 †x#^ | Affirm | 6/27/2024 | 130 | 136 | 10 |
| &nbsp;&nbsp;&nbsp; ZUZV-RQIP, 35.490%, 5/20/2026 †§x# | Affirm | 11/27/2024 | 54 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZUZZ-OCU9, 35.440%, 10/28/2025 †x#^ | Affirm | 5/02/2024 | 110 | 111 | 9 |
| &nbsp;&nbsp;&nbsp; ZV09-1UZ7, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 349 | 345 | 346 |
| &nbsp;&nbsp;&nbsp; ZV0F-3ZY7, 35.630%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 307 | 309 | 307 |
| &nbsp;&nbsp;&nbsp; ZV0N-O5SF, 29.650%, 9/08/2026 †§x | Affirm | 9/26/2025 | 202 | 206 | 207 |
| &nbsp;&nbsp;&nbsp; ZV0U-8XUG, 15.770%, 8/06/2026 †§x | Affirm | 8/29/2025 | 96 | 98 | 99 |
| &nbsp;&nbsp;&nbsp; ZV1B-XC7M, 28.000%, 4/28/2024 †x#^ | Affirm | 11/03/2022 | 213 | 229 | 17 |
| &nbsp;&nbsp;&nbsp; ZV1C-5ANA, 35.410%, 4/12/2025 †x#^ | Affirm | 4/22/2024 | 658 | 595 | 53 |
| &nbsp;&nbsp;&nbsp; ZV1O-USGO, 33.050%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 407 | 428 | 33 |
| &nbsp;&nbsp;&nbsp; ZV1V-3ERB, 35.470%, 11/20/2024 †x#^ | Affirm | 11/24/2023 | 31 | 32 | 2 |
| &nbsp;&nbsp;&nbsp; ZV1W-HGOL, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 139 | 147 | 147 |
| &nbsp;&nbsp;&nbsp; ZV1Z-SVDL, 33.990%, 6/22/2026 †§x | Affirm | 1/16/2026 | 61 | 63 | 63 |
| &nbsp;&nbsp;&nbsp; ZV2D-ZTDG, 33.050%, 4/22/2026 †§x | Affirm | 2/13/2026 | 23 | 23 | 23 |
| &nbsp;&nbsp;&nbsp; ZV2O-C4QF, 28.000%, 11/04/2023 †x#^ | Affirm | 11/10/2022 | 55 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; ZV2R-MTKZ, 22.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 165 | 171 | 172 |
| &nbsp;&nbsp;&nbsp; ZV2V-1A85, 22.900%, 2/07/2027 †§x | Affirm | 2/26/2025 | 398 | 408 | 411 |
| &nbsp;&nbsp;&nbsp; ZV33-NGIC, 29.630%, 1/13/2028 †x | Affirm | 1/29/2025 | 1922 | 1963 | 1983 |
| &nbsp;&nbsp;&nbsp; ZV39-AJEM, 35.380%, 12/05/2024 †x#^ | Affirm | 12/08/2023 | 75 | 70 | 6 |
| &nbsp;&nbsp;&nbsp; ZV3I-C3A9, 29.530%, 4/04/2023 †x#^ | Affirm | 4/07/2022 | 20 | 20 | 2 |
| &nbsp;&nbsp;&nbsp; ZV3L-BWAR, 35.210%, 11/08/2023 †x#^ | Affirm | 5/11/2023 | 212 | 214 | 17 |
| &nbsp;&nbsp;&nbsp; ZV3O-LHPV, 25.900%, 3/03/2026 †§x | Affirm | 3/28/2025 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; ZV49-P3NV, 35.770%, 2/10/2026 †§x#^ | Affirm | 2/26/2025 | 461 | 478 | 103 |
| &nbsp;&nbsp;&nbsp; ZV51-2FAR, 27.690%, 4/13/2023 †x#^ | Affirm | 4/18/2022 | 149 | 156 | 12 |
| &nbsp;&nbsp;&nbsp; ZV52-3B70, 29.630%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 215 | 219 | 17 |
| &nbsp;&nbsp;&nbsp; ZV5J-23HB, 18.000%, 6/02/2026 †§x | Affirm | 6/27/2025 | 40 | 40 | 40 |
| &nbsp;&nbsp;&nbsp; ZV5J-KOYV, 35.830%, 7/22/2026 †§x | Affirm | 2/13/2026 | 111 | 113 | 114 |
| &nbsp;&nbsp;&nbsp; ZV5L-T9AX, 28.850%, 2/25/2024 †x#^ | Affirm | 8/31/2023 | 95 | 98 | 8 |
| &nbsp;&nbsp;&nbsp; ZV69-GETK, 28.980%, 8/22/2024 †x#^ | Affirm | 8/25/2023 | 19 | 20 | 1 |
| &nbsp;&nbsp;&nbsp; ZV6E-C5UV, 29.750%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 8 | 8 | 1 |
| &nbsp;&nbsp;&nbsp; ZV6J-L9SJ, 35.470%, 12/28/2026 †§x# | Affirm | 1/29/2025 | 240 | 238 | 240 |
| &nbsp;&nbsp;&nbsp; ZV6O-WFZ5, 33.050%, 1/21/2028 †§x | Affirm | 2/13/2026 | 779 | 829 | 836 |
| &nbsp;&nbsp;&nbsp; ZV6Q-026E, 29.390%, 2/29/2024 †x#^ | Affirm | 9/01/2023 | 72 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; ZV6U-GBE0, 15.980%, 4/22/2026 †§x | Affirm | 2/13/2026 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZV73-BBX2, 33.000%, 1/13/2028 †x# | Affirm | 1/29/2025 | 5398 | 5308 | 432 |
| &nbsp;&nbsp;&nbsp; ZV73-Y7CJ, 32.500%, 7/02/2026 †x# | Affirm | 1/29/2025 | 162 | 167 | 13 |
| &nbsp;&nbsp;&nbsp; ZV76-CZ9A, 24.400%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 1045 | 1085 | 1086 |
| &nbsp;&nbsp;&nbsp; ZV76-QSOL, 15.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 369 | 367 | 372 |
| &nbsp;&nbsp;&nbsp; ZV7S-FK8U, 29.440%, 11/08/2024 †x#^ | Affirm | 5/11/2023 | 134 | 135 | 11 |
| &nbsp;&nbsp;&nbsp; ZV81-OGF6, 33.950%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; ZV83-9S8Z, 26.900%, 6/02/2026 †§x | Affirm | 6/27/2025 | 80 | 81 | 81 |
| &nbsp;&nbsp;&nbsp; ZV85-FXMR, 35.400%, 6/13/2024 †x#^ | Affirm | 6/16/2023 | 74 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZV86-PI75, 23.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | 364 | 378 | 377 |
| &nbsp;&nbsp;&nbsp; ZV88-LI0V, 35.530%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 413 | 424 | 431 |
| &nbsp;&nbsp;&nbsp; ZV8F-LFT0, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 319 | 324 | 327 |
| &nbsp;&nbsp;&nbsp; ZV91-BA3X, 35.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 43 | 43 | 44 |
| &nbsp;&nbsp;&nbsp; ZV97-BMOP, 13.840%, 3/08/2026 †§x | Affirm | 9/26/2025 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; ZV9M-XX7V, 29.300%, 11/23/2023 †x#^ | Affirm | 5/26/2023 | 34 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; ZV9Q-2Y4J, 35.430%, 6/20/2025 †x#^ | Affirm | 6/24/2024 | 139 | 140 | 11 |
| &nbsp;&nbsp;&nbsp; ZV9Q-7NMS, 35.650%, 1/14/2027 †§x | Affirm | 2/13/2026 | 807 | 720 | 722 |
| &nbsp;&nbsp;&nbsp; ZVB1-C6QO, 29.650%, 1/21/2028 †§x | Affirm | 2/13/2026 | 629 | 669 | 667 |
| &nbsp;&nbsp;&nbsp; ZVB3-KJ0N, 35.900%, 7/02/2026 †x# | Affirm | 1/29/2025 | 798 | 819 | 64 |
| &nbsp;&nbsp;&nbsp; ZVB3-QM1Z, 35.540%, 8/03/2026 †§x# | Affirm | 8/07/2023 | 79 | 79 | 78 |
| &nbsp;&nbsp;&nbsp; ZVBJ-KRNM, 26.500%, 8/08/2023 †x#^ | Affirm | 8/11/2022 | 118 | 122 | 9 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6066** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZVC1-5OF1, 18.000%, 12/22/2026 †§x | Affirm | 1/16/2026 | $53 | $54 | $54 |
| &nbsp;&nbsp;&nbsp; ZVC6-54RP, 35.470%, 8/26/2025 †x#^ | Affirm | 8/29/2024 | 16 | 16 | 1 |
| &nbsp;&nbsp;&nbsp; ZVCI-FHF9, 35.300%, 3/27/2027 †x# | Affirm | 3/31/2025 | 803 | 798 | 64 |
| &nbsp;&nbsp;&nbsp; ZVCZ-DTFX, 29.620%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 62 | 64 | 5 |
| &nbsp;&nbsp;&nbsp; ZVD0-OAUX, 33.050%, 1/06/2027 †§x | Affirm | 1/29/2025 | 997 | 1020 | 1023 |
| &nbsp;&nbsp;&nbsp; ZVD5-I8W5, 25.900%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 34 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZVD7-77YS, 35.460%, 12/22/2026 †§x | Affirm | 1/16/2026 | 114 | 113 | 116 |
| &nbsp;&nbsp;&nbsp; ZVD7-XNJ5, 13.840%, 8/12/2026 †§x | Affirm | 2/26/2025 | 77 | 78 | 77 |
| &nbsp;&nbsp;&nbsp; ZVDR-MWL5, 33.190%, 1/22/2027 †§x | Affirm | 2/13/2026 | 211 | 218 | 218 |
| &nbsp;&nbsp;&nbsp; ZVDT-EXB4, 35.520%, 12/22/2026 †§x | Affirm | 1/16/2026 | 169 | 168 | 168 |
| &nbsp;&nbsp;&nbsp; ZVEG-TWAO, 29.640%, 3/12/2023 †x#^ | Affirm | 9/15/2022 | 109 | 111 | 9 |
| &nbsp;&nbsp;&nbsp; ZVEM-MJOA, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 1477 | 1577 | 1597 |
| &nbsp;&nbsp;&nbsp; ZVEO-C249, 15.800%, 3/08/2026 †§x | Affirm | 9/26/2025 | 19 | 19 | 7 |
| &nbsp;&nbsp;&nbsp; ZVF0-B6JN, 24.400%, 3/08/2026 †§x | Affirm | 9/26/2025 | 48 | 48 | 48 |
| &nbsp;&nbsp;&nbsp; ZVFU-1YEI, 32.490%, 1/13/2024 †x#^ | Affirm | 1/20/2023 | 60 | 61 | 5 |
| &nbsp;&nbsp;&nbsp; ZVFU-D1YB, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 212 | 223 | 225 |
| &nbsp;&nbsp;&nbsp; ZVG4-QM2V, 35.280%, 11/07/2025 †x#^ | Affirm | 5/10/2024 | 314 | 324 | 25 |
| &nbsp;&nbsp;&nbsp; ZVG8-FDG4, 35.320%, 7/02/2025 †x#^ | Affirm | 1/05/2024 | 301 | 309 | 24 |
| &nbsp;&nbsp;&nbsp; ZVGP-X1SV, 22.750%, 7/22/2026 †§x | Affirm | 2/13/2026 | 296 | 303 | 305 |
| &nbsp;&nbsp;&nbsp; ZVGW-N0O0, 26.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 35 | 36 | 36 |
| &nbsp;&nbsp;&nbsp; ZVHJ-ML50, 35.540%, 12/22/2026 †§x | Affirm | 1/16/2026 | 302 | 300 | 306 |
| &nbsp;&nbsp;&nbsp; ZVI5-6C0Q, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 85 | 85 | 86 |
| &nbsp;&nbsp;&nbsp; ZVIA-Z6PZ, 32.500%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 199 | 200 | 197 |
| &nbsp;&nbsp;&nbsp; ZVIF-6RK0, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 769 | 794 | 794 |
| &nbsp;&nbsp;&nbsp; ZVII-4MAL, 35.860%, 7/22/2026 †§x | Affirm | 2/13/2026 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZVJ7-12V6, 29.460%, 5/10/2025 †x#^ | Affirm | 5/15/2023 | 388 | 410 | 31 |
| &nbsp;&nbsp;&nbsp; ZVKA-S759, 29.570%, 10/03/2024 †x#^ | Affirm | 10/06/2023 | 387 | 401 | 31 |
| &nbsp;&nbsp;&nbsp; ZVKG-Q876, 29.410%, 5/22/2024 †x#^ | Affirm | 5/25/2023 | 404 | 423 | 32 |
| &nbsp;&nbsp;&nbsp; ZVKL-436P, 35.590%, 9/08/2026 †x# | Affirm | 9/26/2025 | 107 | 107 | 9 |
| &nbsp;&nbsp;&nbsp; ZVKT-IA4Q, 35.330%, 5/21/2025 †x#^ | Affirm | 5/24/2024 | 1356 | 1402 | 108 |
| &nbsp;&nbsp;&nbsp; ZVKW-ZS81, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 171 | 179 | 182 |
| &nbsp;&nbsp;&nbsp; ZVL1-J23Q, 30.950%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 335 | 338 | 338 |
| &nbsp;&nbsp;&nbsp; ZVL1-MUY7, 29.690%, 7/13/2026 †§x | Affirm | 1/29/2025 | 99 | 100 | 100 |
| &nbsp;&nbsp;&nbsp; ZVL5-DDP8, 9.850%, 8/23/2026 †§x | Affirm | 8/29/2024 | 843 | 854 | 857 |
| &nbsp;&nbsp;&nbsp; ZVLC-I8NO, 29.420%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZVLD-HSA5, 35.620%, 1/22/2027 †§x | Affirm | 2/13/2026 | 92 | 91 | 93 |
| &nbsp;&nbsp;&nbsp; ZVLG-BDA9, 29.590%, 10/03/2023 †x#^ | Affirm | 10/06/2022 | 191 | 200 | 15 |
| &nbsp;&nbsp;&nbsp; ZVLI-JDMM, 26.900%, 12/22/2026 †§x | Affirm | 1/16/2026 | 198 | 204 | 206 |
| &nbsp;&nbsp;&nbsp; ZVM4-U34Y, 23.400%, 7/22/2026 †§x | Affirm | 2/13/2026 | 988 | 1012 | 1018 |
| &nbsp;&nbsp;&nbsp; ZVMR-65G9, 29.520%, 4/11/2023 †x#^ | Affirm | 4/14/2022 | 47 | 49 | 4 |
| &nbsp;&nbsp;&nbsp; ZVN1-EHWB, 22.750%, 7/02/2026 †§x | Affirm | 1/29/2025 | 100 | 101 | 101 |
| &nbsp;&nbsp;&nbsp; ZVN4-N7TF, 28.556%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 1711 | 1650 | 1670 |
| &nbsp;&nbsp;&nbsp; ZVNE-FIXJ, 25.000%, 5/14/2024 †x#^ | Affirm | 11/17/2022 | 62 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZVNI-0R7D, 9.860%, 8/06/2026 †§x | Affirm | 8/29/2025 | 105 | 107 | 107 |
| &nbsp;&nbsp;&nbsp; ZVNJ-6FKC, 25.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | 24 | 24 | 24 |
| &nbsp;&nbsp;&nbsp; ZVNL-00XL, 9.870%, 3/23/2026 †§x | Affirm | 9/26/2024 | 154 | 154 | 155 |
| &nbsp;&nbsp;&nbsp; ZVNP-5ABL, 23.400%, 7/02/2026 †§x | Affirm | 1/29/2025 | 220 | 222 | 221 |
| &nbsp;&nbsp;&nbsp; ZVNS-6RET, 29.640%, 5/14/2024 †x#^ | Affirm | 11/17/2022 | 285 | 304 | 23 |
| &nbsp;&nbsp;&nbsp; ZVNV-IO28, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 354 | 363 | 365 |
| &nbsp;&nbsp;&nbsp; ZVO1-SVQH, 35.320%, 5/06/2026 †x# | Affirm | 5/30/2025 | 254 | 261 |  |
| &nbsp;&nbsp;&nbsp; ZVO7-NO7G, 12.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZVP6-09KZ, 33.950%, 3/22/2026 †§x | Affirm | 1/16/2026 | 66 | 66 | 67 |
| &nbsp;&nbsp;&nbsp; ZVPF-24YB, 35.580%, 6/22/2026 †§x | Affirm | 1/16/2026 | 155 | 155 | 156 |
| &nbsp;&nbsp;&nbsp; ZVPM-VF6W, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 410 | 423 | 423 |
| &nbsp;&nbsp;&nbsp; ZVPS-HBT5, 35.380%, 11/28/2025 †x#^ | Affirm | 12/04/2023 | 473 | 475 | 38 |
| &nbsp;&nbsp;&nbsp; ZVQJ-40X2, 35.410%, 4/15/2025 †x#^ | Affirm | 4/18/2024 | 468 | 424 | 37 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6067** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZVQN-5Q4M, 35.530%, 12/10/2025 †x#^ | Affirm | 12/27/2024 | $111 | $110 | $9 |
| &nbsp;&nbsp;&nbsp; ZVRD-40JA, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 66 | 68 | 68 |
| &nbsp;&nbsp;&nbsp; ZVRX-OTLS, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 281 | 296 | 296 |
| &nbsp;&nbsp;&nbsp; ZVS5-1FZQ, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 220 | 232 | 232 |
| &nbsp;&nbsp;&nbsp; ZVSD-1702, 29.520%, 4/11/2023 †x#^ | Affirm | 4/14/2022 | 451 | 446 | 36 |
| &nbsp;&nbsp;&nbsp; ZVSJ-QK4Q, 33.000%, 8/05/2027 †§x | Affirm | 8/29/2025 | 1093 | 1083 | 1102 |
| &nbsp;&nbsp;&nbsp; ZVSX-Q0IM, 29.550%, 3/28/2025 †x#^ | Affirm | 10/05/2023 | 376 | 388 | 30 |
| &nbsp;&nbsp;&nbsp; ZVT3-XYHM, 29.560%, 10/13/2024 †x#^ | Affirm | 10/17/2022 | 660 | 719 | 53 |
| &nbsp;&nbsp;&nbsp; ZVT5-2GFV, 30.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 92 | 95 | 95 |
| &nbsp;&nbsp;&nbsp; ZVT8-DOP0, 29.980%, 4/22/2026 †§x | Affirm | 2/13/2026 | 143 | 144 | 145 |
| &nbsp;&nbsp;&nbsp; ZVTD-4XG3, 18.000%, 6/02/2026 †§x | Affirm | 6/27/2025 | 63 | 64 | 64 |
| &nbsp;&nbsp;&nbsp; ZVTL-IGG1, 15.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZVV7-376A, 24.520%, 3/20/2026 †x# | Affirm | 3/28/2025 | 135 | 141 | 13 |
| &nbsp;&nbsp;&nbsp; ZVWB-HAKG, 27.500%, 9/01/2024 †x#^ | Affirm | 3/06/2023 | 2135 | 2257 | 171 |
| &nbsp;&nbsp;&nbsp; ZVWB-QA4T, 32.500%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 96 | 98 | 8 |
| &nbsp;&nbsp;&nbsp; ZVWF-KSMP, 35.520%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 242 | 237 | 19 |
| &nbsp;&nbsp;&nbsp; ZVWR-W8YE, 35.000%, 2/26/2025 †x#^ | Affirm | 8/29/2024 | 53 | 55 | 4 |
| &nbsp;&nbsp;&nbsp; ZVWX-HTEG, 35.460%, 8/06/2026 †§x# | Affirm | 8/29/2025 | 77 | 77 | 76 |
| &nbsp;&nbsp;&nbsp; ZVWX-KBBR, 29.400%, 9/20/2025 †x#^ | Affirm | 3/28/2025 | 170 | 174 | 14 |
| &nbsp;&nbsp;&nbsp; ZVXA-WRON, 33.100%, 7/02/2025 †x#^ | Affirm | 1/05/2024 | 234 | 234 | 19 |
| &nbsp;&nbsp;&nbsp; ZVXE-KW6N, 29.620%, 3/08/2026 †§x# | Affirm | 9/26/2025 | 50 | 50 | 50 |
| &nbsp;&nbsp;&nbsp; ZVXI-8HZP, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 82 | 84 | 85 |
| &nbsp;&nbsp;&nbsp; ZVXJ-AXXQ, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 315 | 322 | 324 |
| &nbsp;&nbsp;&nbsp; ZVXW-IHF8, 28.000%, 5/02/2023 †x#^ | Affirm | 5/05/2022 | 16 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; ZVXX-FTS9, 29.010%, 12/26/2024 †x#^ | Affirm | 6/29/2023 | 258 | 272 | 21 |
| &nbsp;&nbsp;&nbsp; ZVY3-1KIC, 33.950%, 2/11/2027 †§x | Affirm | 2/26/2025 | 293 | 302 | 303 |
| &nbsp;&nbsp;&nbsp; ZVYC-SXQD, 29.860%, 7/22/2026 †§x | Affirm | 2/13/2026 | 54 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZVYK-8HEI, 35.700%, 5/15/2025 †x#^ | Affirm | 11/27/2024 | 165 | 167 | 13 |
| &nbsp;&nbsp;&nbsp; ZVYK-CR2B, 32.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 50 | 51 | 51 |
| &nbsp;&nbsp;&nbsp; ZVZ3-OS0S, 29.650%, 1/24/2024 †x#^ | Affirm | 1/27/2022 | 423 | 389 | 34 |
| &nbsp;&nbsp;&nbsp; ZVZ6-N12A, 22.760%, 6/22/2026 †§x | Affirm | 1/16/2026 | 90 | 92 | 93 |
| &nbsp;&nbsp;&nbsp; ZVZ8-T0S4, 35.460%, 12/22/2026 †§x | Affirm | 1/16/2026 | 20 | 20 | 21 |
| &nbsp;&nbsp;&nbsp; ZVZD-ZWJ9, 28.500%, 4/28/2023 †x#^ | Affirm | 5/05/2022 | 65 | 65 | 5 |
| &nbsp;&nbsp;&nbsp; ZVZE-RVSK, 35.990%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 158 | 157 | 37 |
| &nbsp;&nbsp;&nbsp; ZW05-T6M9, 35.530%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 156 | 160 | 163 |
| &nbsp;&nbsp;&nbsp; ZW0H-N66I, 35.370%, 12/06/2024 †x#^ | Affirm | 12/11/2023 | 36 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZW0H-NL39, 32.000%, 8/12/2026 †§x# | Affirm | 2/26/2025 | 514 | 525 | 524 |
| &nbsp;&nbsp;&nbsp; ZW0K-GGTS, 33.050%, 6/22/2026 †§x | Affirm | 1/16/2026 | 42 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZW0K-N65R, 29.620%, 3/23/2026 †§x | Affirm | 9/26/2024 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZW0Z-WGBB, 11.870%, 7/21/2027 †§x | Affirm | 2/13/2026 | 605 | 634 | 640 |
| &nbsp;&nbsp;&nbsp; ZW19-HN5Q, 35.610%, 7/21/2027 †§x | Affirm | 2/13/2026 | 812 | 842 | 843 |
| &nbsp;&nbsp;&nbsp; ZW1A-68RK, 29.070%, 4/02/2025 †x#^ | Affirm | 10/05/2023 | 373 | 397 | 30 |
| &nbsp;&nbsp;&nbsp; ZW1M-XU6Q, 35.200%, 11/30/2023 †x#^ | Affirm | 6/02/2023 | 218 | 223 | 17 |
| &nbsp;&nbsp;&nbsp; ZW1P-H3M9, 32.940%, 3/26/2027 †§x# | Affirm | 3/31/2025 | 1274 | 1271 | 1271 |
| &nbsp;&nbsp;&nbsp; ZW34-VLD4, 26.900%, 3/20/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |
| &nbsp;&nbsp;&nbsp; ZW37-4GTN, 33.180%, 1/27/2026 †x#^ | Affirm | 2/26/2025 | 223 | 219 | 18 |
| &nbsp;&nbsp;&nbsp; ZW3E-81SY, 29.620%, 12/27/2023 †x#^ | Affirm | 12/30/2022 | 115 | 118 | 9 |
| &nbsp;&nbsp;&nbsp; ZW3G-QFSR, 29.560%, 9/28/2024 †x#^ | Affirm | 10/02/2023 | 119 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; ZW3T-OEDN, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 157 | 160 | 162 |
| &nbsp;&nbsp;&nbsp; ZW4E-VN1X, 33.050%, 1/03/2027 †§x | Affirm | 1/29/2025 | 321 | 328 | 329 |
| &nbsp;&nbsp;&nbsp; ZW4K-FYYD, 32.500%, 1/22/2027 †§x | Affirm | 2/13/2026 | 656 | 653 | 662 |
| &nbsp;&nbsp;&nbsp; ZW4Y-XKD2, 15.850%, 1/22/2027 †§x | Affirm | 2/13/2026 | 153 | 157 | 159 |
| &nbsp;&nbsp;&nbsp; ZW51-OJB7, 29.630%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 181 | 189 | 190 |
| &nbsp;&nbsp;&nbsp; ZW5J-QZE0, 24.400%, 3/16/2026 †§x | Affirm | 9/19/2024 | 34 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZW5L-5L52, 29.500%, 6/06/2023 †x#^ | Affirm | 6/09/2022 | 142 | 147 | 11 |
| &nbsp;&nbsp;&nbsp; ZW63-ZBZP, 35.450%, 12/20/2025 †x#^ | Affirm | 6/24/2024 | 435 | 453 | 35 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6068** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZW65-TLMK, 27.730%, 5/15/2025 †x#^ | Affirm | 6/20/2023 | $227 | $221 | $18 |
| &nbsp;&nbsp;&nbsp; ZW6I-VMWY, 25.900%, 8/06/2026 †§x | Affirm | 8/29/2025 | 35 | 35 | 36 |
| &nbsp;&nbsp;&nbsp; ZW6Q-GL2X, 32.500%, 12/06/2026 †§x# | Affirm | 12/11/2023 | 838 | 845 | 844 |
| &nbsp;&nbsp;&nbsp; ZW6T-JJL8, 29.960%, 4/22/2026 †§x | Affirm | 2/13/2026 | 60 | 61 | 61 |
| &nbsp;&nbsp;&nbsp; ZW6U-M1H1, 29.460%, 10/11/2024 †x#^ | Affirm | 4/15/2024 | 10 | 10 | 1 |
| &nbsp;&nbsp;&nbsp; ZW70-MIIZ, 33.950%, 3/11/2026 †x# | Affirm | 9/26/2025 | 40 | 41 | 1 |
| &nbsp;&nbsp;&nbsp; ZW7D-3M7S, 35.640%, 1/22/2027 †§x# | Affirm | 2/13/2026 | 699 | 695 | 696 |
| &nbsp;&nbsp;&nbsp; ZW7J-1ZMX, 35.690%, 10/02/2025 †x#^ | Affirm | 10/07/2024 | 18 | 18 | 1 |
| &nbsp;&nbsp;&nbsp; ZW7J-UPHS, 32.000%, 8/10/2026 †§x | Affirm | 2/26/2025 | 721 | 736 | 734 |
| &nbsp;&nbsp;&nbsp; ZW7R-Q57X, 22.940%, 7/06/2025 †x#^ | Affirm | 1/29/2025 | 34 | 34 | 3 |
| &nbsp;&nbsp;&nbsp; ZW7U-YNY4, 19.700%, 12/04/2025 †x#^ | Affirm | 12/07/2023 | 158 | 166 | 13 |
| &nbsp;&nbsp;&nbsp; ZW81-HUQ9, 35.290%, 5/23/2024 †x#^ | Affirm | 5/26/2023 | 640 | 625 | 51 |
| &nbsp;&nbsp;&nbsp; ZW88-FOCT, 19.700%, 7/02/2026 †§x# | Affirm | 1/29/2025 | 130 | 131 | 131 |
| &nbsp;&nbsp;&nbsp; ZW8E-OJ4W, 30.000%, 1/03/2024 †x#^ | Affirm | 1/06/2023 | 159 | 163 | 13 |
| &nbsp;&nbsp;&nbsp; ZW8K-6BZR, 29.610%, 6/24/2027 †§x | Affirm | 1/16/2026 | 339 | 361 | 366 |
| &nbsp;&nbsp;&nbsp; ZW8M-WPHT, 27.100%, 1/28/2023 †x#^ | Affirm | 12/03/2021 | 231 | 242 | 18 |
| &nbsp;&nbsp;&nbsp; ZW8R-52CA, 32.000%, 4/28/2026 †§x# | Affirm | 10/31/2024 | 103 | 104 | 103 |
| &nbsp;&nbsp;&nbsp; ZW8V-C1EK, 35.990%, 4/22/2026 †§x | Affirm | 2/13/2026 | 62 | 61 | 62 |
| &nbsp;&nbsp;&nbsp; ZW96-SHQI, 29.470%, 7/25/2023 †x#^ | Affirm | 7/28/2022 | 60 | 60 | 5 |
| &nbsp;&nbsp;&nbsp; ZW98-GSO7, 29.960%, 7/22/2026 †§x | Affirm | 2/13/2026 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; ZW98-TP4C, 28.500%, 7/12/2023 †x#^ | Affirm | 7/15/2022 | 46 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; ZW9G-GEMP, 15.810%, 12/22/2026 †§x | Affirm | 1/16/2026 | 138 | 142 | 144 |
| &nbsp;&nbsp;&nbsp; ZW9O-9NT1, 26.500%, 5/07/2024 †x#^ | Affirm | 11/10/2022 | 128 | 136 | 10 |
| &nbsp;&nbsp;&nbsp; ZWAK-4K3H, 27.500%, 11/07/2023 †x#^ | Affirm | 11/10/2022 | 360 | 353 | 29 |
| &nbsp;&nbsp;&nbsp; ZWAO-XDS5, 31.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 1144 | 1204 | 1204 |
| &nbsp;&nbsp;&nbsp; ZWB1-YLAH, 29.710%, 1/24/2023 †x#^ | Affirm | 1/27/2022 | 273 | 278 | 22 |
| &nbsp;&nbsp;&nbsp; ZWBA-XMUH, 15.690%, 3/20/2026 †§x | Affirm | 3/28/2025 | 148 | 148 | 149 |
| &nbsp;&nbsp;&nbsp; ZWBR-YCR7, 23.400%, 6/14/2028 †x | Affirm | 6/21/2024 | 1886 | 1982 | 1961 |
| &nbsp;&nbsp;&nbsp; ZWBT-7RZG, 30.500%, 7/22/2026 †§x | Affirm | 2/13/2026 | 142 | 144 | 146 |
| &nbsp;&nbsp;&nbsp; ZWC7-B7BA, 24.820%, 2/10/2026 †§x^ | Affirm | 2/26/2025 | 11 | 11 | 3 |
| &nbsp;&nbsp;&nbsp; ZWC9-H47M, 34.000%, 10/15/2024 †x#^ | Affirm | 4/18/2024 | 60 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; ZWCK-K1LN, 35.510%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 168 | 175 | 13 |
| &nbsp;&nbsp;&nbsp; ZWCM-J66N, 20.900%, 2/10/2027 †§x | Affirm | 2/26/2025 | 1378 | 1421 | 1429 |
| &nbsp;&nbsp;&nbsp; ZWDP-3DPD, 33.050%, 3/08/2026 †§x | Affirm | 9/26/2025 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; ZWDT-OS07, 35.540%, 9/25/2026 †§x# | Affirm | 9/30/2024 | 200 | 199 | 203 |
| &nbsp;&nbsp;&nbsp; ZWDU-R0Y4, 29.550%, 3/27/2025 †x#^ | Affirm | 10/02/2023 | 196 | 202 | 16 |
| &nbsp;&nbsp;&nbsp; ZWDY-PI24, 13.840%, 12/22/2026 †§x | Affirm | 1/16/2026 | 396 | 409 | 412 |
| &nbsp;&nbsp;&nbsp; ZWDY-WSCF, 23.400%, 7/22/2026 †§x | Affirm | 2/13/2026 | 322 | 330 | 332 |
| &nbsp;&nbsp;&nbsp; ZWE1-1UCH, 22.750%, 8/10/2026 †§x# | Affirm | 2/26/2025 | 108 | 109 | 109 |
| &nbsp;&nbsp;&nbsp; ZWE6-SIIZ, 35.300%, 3/20/2026 †§x | Affirm | 3/28/2025 | 79 | 79 | 79 |
| &nbsp;&nbsp;&nbsp; ZWE9-BRSJ, 30.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 121 | 123 | 124 |
| &nbsp;&nbsp;&nbsp; ZWEI-U6X5, 26.500%, 11/14/2024 †x#^ | Affirm | 11/17/2022 | 508 | 549 | 41 |
| &nbsp;&nbsp;&nbsp; ZWEJ-T469, 30.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 47 | 47 | 48 |
| &nbsp;&nbsp;&nbsp; ZWEK-9RST, 29.910%, 7/22/2026 †§x | Affirm | 2/13/2026 | 77 | 78 | 79 |
| &nbsp;&nbsp;&nbsp; ZWEN-4ZDE, 29.570%, 9/06/2024 †x#^ | Affirm | 9/11/2023 | 271 | 285 | 22 |
| &nbsp;&nbsp;&nbsp; ZWEN-54OA, 28.500%, 7/17/2024 †x#^ | Affirm | 1/20/2023 | 329 | 351 | 26 |
| &nbsp;&nbsp;&nbsp; ZWF1-NLD5, 29.520%, 5/02/2023 †x#^ | Affirm | 5/05/2022 | 1121 | 1178 | 90 |
| &nbsp;&nbsp;&nbsp; ZWFH-A3Z4, 24.820%, 5/15/2025 †x#^ | Affirm | 11/27/2024 | 37 | 38 | 3 |
| &nbsp;&nbsp;&nbsp; ZWG6-K5TD, 25.200%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 114 | 119 | 120 |
| &nbsp;&nbsp;&nbsp; ZWHH-BBVD, 25.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | 32 | 32 | 32 |
| &nbsp;&nbsp;&nbsp; ZWI0-L2W0, 15.187%, 5/07/2024 †x#^« | Affirm | 11/10/2022 | 565 | 458 | 45 |
| &nbsp;&nbsp;&nbsp; ZWIF-AFQV, 29.650%, 6/09/2025 †x#^ | Affirm | 12/27/2024 | 142 | 146 | 11 |
| &nbsp;&nbsp;&nbsp; ZWII-QTAR, 24.400%, 1/21/2028 †§x | Affirm | 2/13/2026 | 859 | 913 | 921 |
| &nbsp;&nbsp;&nbsp; ZWIQ-2OHW, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 34 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZWIY-I68N, 35.590%, 6/16/2025 †x#^ | Affirm | 12/27/2024 | 42 | 43 | 3 |
| &nbsp;&nbsp;&nbsp; ZWJA-41XW, 35.460%, 6/02/2026 †§x | Affirm | 6/27/2025 | 40 | 41 | 40 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6069** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZWJG-KBNE, 23.400%, 6/20/2025 †x#^ | Affirm | 6/24/2024 | $93 | $96 | $7 |
| &nbsp;&nbsp;&nbsp; ZWJN-AH1J, 9.960%, 7/22/2026 †§x | Affirm | 2/13/2026 | 298 | 305 | 308 |
| &nbsp;&nbsp;&nbsp; ZWJN-Q4BZ, 35.500%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 1148 | 1193 | 92 |
| &nbsp;&nbsp;&nbsp; ZWJQ-VK88, 11.830%, 8/06/2026 †§x# | Affirm | 8/29/2025 | 87 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; ZWJV-2AGM, 29.720%, 1/18/2023 †x#^ | Affirm | 1/21/2022 | 80 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; ZWKN-LYTT, 35.520%, 6/22/2026 †§x | Affirm | 1/16/2026 | 162 | 159 | 160 |
| &nbsp;&nbsp;&nbsp; ZWKT-UVF0, 24.730%, 1/02/2027 †§x | Affirm | 1/29/2025 | 209 | 213 | 212 |
| &nbsp;&nbsp;&nbsp; ZWKW-IONP, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 169 | 172 | 173 |
| &nbsp;&nbsp;&nbsp; ZWL6-X9W5, 22.850%, 3/03/2026 †§x | Affirm | 3/28/2025 | 35 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZWLI-WGXT, 35.560%, 1/06/2026 †§x#^ | Affirm | 1/29/2025 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; ZWM2-CYZC, 35.950%, 5/20/2024 †x#^ | Affirm | 2/23/2024 | 30 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZWME-0IUP, 26.700%, 9/28/2026 †§x | Affirm | 3/31/2025 | 85 | 87 | 85 |
| &nbsp;&nbsp;&nbsp; ZWMN-RJUH, 29.680%, 6/22/2026 †§x | Affirm | 1/16/2026 | 43 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; ZWMV-TYY6, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 145 | 150 | 151 |
| &nbsp;&nbsp;&nbsp; ZWNB-RX72, 33.050%, 3/04/2026 †x# | Affirm | 3/07/2024 | 543 | 568 | 43 |
| &nbsp;&nbsp;&nbsp; ZWND-ZSKG, 15.930%, 4/22/2026 †§x | Affirm | 2/13/2026 | 36 | 36 | 36 |
| &nbsp;&nbsp;&nbsp; ZWNS-18UV, 35.590%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 85 | 85 | 7 |
| &nbsp;&nbsp;&nbsp; ZWNU-ZSRI, 33.950%, 5/20/2026 †§x# | Affirm | 11/27/2024 | 136 | 138 | 139 |
| &nbsp;&nbsp;&nbsp; ZWO9-7RJA, 29.620%, 3/21/2024 †x#^ | Affirm | 9/26/2022 | 191 | 200 | 15 |
| &nbsp;&nbsp;&nbsp; ZWOQ-KWNX, 24.400%, 8/12/2026 †§x | Affirm | 2/26/2025 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; ZWOW-TZR1, 27.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 170 | 173 | 174 |
| &nbsp;&nbsp;&nbsp; ZWOX-Q0RK, 29.720%, 1/22/2027 †§x | Affirm | 2/13/2026 | 443 | 457 | 458 |
| &nbsp;&nbsp;&nbsp; ZWPD-RZQL, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 1008 | 983 | 979 |
| &nbsp;&nbsp;&nbsp; ZWPE-HN3P, 29.540%, 4/07/2023 †x#^ | Affirm | 10/14/2022 | 74 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; ZWPF-OGLQ, 35.660%, 1/17/2024 †x#^ | Affirm | 1/20/2023 | 131 | 133 | 10 |
| &nbsp;&nbsp;&nbsp; ZWQP-5R22, 20.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 57 | 57 |
| &nbsp;&nbsp;&nbsp; ZWRG-H5JI, 35.850%, 7/22/2026 †§x | Affirm | 2/13/2026 | 55 | 55 | 55 |
| &nbsp;&nbsp;&nbsp; ZWRT-7S28, 35.290%, 11/22/2025 †x#^ | Affirm | 5/28/2024 | 282 | 291 | 23 |
| &nbsp;&nbsp;&nbsp; ZWRX-W3K6, 6.654%, 6/26/2027 †§x« | Affirm | 7/01/2024 | 347 | 318 | 310 |
| &nbsp;&nbsp;&nbsp; ZWS0-DMI1, 33.950%, 1/13/2027 †§x | Affirm | 1/29/2025 | 585 | 583 | 589 |
| &nbsp;&nbsp;&nbsp; ZWS4-F4QJ, 35.710%, 8/06/2026 †§x# | Affirm | 2/26/2025 | 340 | 344 | 339 |
| &nbsp;&nbsp;&nbsp; ZWSC-QGD7, 35.490%, 1/03/2027 †§x | Affirm | 1/29/2025 | 320 | 317 | 320 |
| &nbsp;&nbsp;&nbsp; ZWSR-N2P2, 29.560%, 5/02/2023 †x#^ | Affirm | 5/05/2022 | 79 | 83 | 6 |
| &nbsp;&nbsp;&nbsp; ZWSX-J91D, 18.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 105 | 106 | 106 |
| &nbsp;&nbsp;&nbsp; ZWT4-SESO, 28.000%, 2/07/2023 †x#^ | Affirm | 2/10/2022 | 322 | 334 | 26 |
| &nbsp;&nbsp;&nbsp; ZWTB-S3MM, 25.000%, 8/10/2025 †x#^ | Affirm | 2/26/2025 | 19 | 19 | 2 |
| &nbsp;&nbsp;&nbsp; ZWTD-PP1B, 35.530%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 36 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZWTD-UYSC, 29.580%, 7/08/2025 †x#^ | Affirm | 1/11/2024 | 189 | 198 | 15 |
| &nbsp;&nbsp;&nbsp; ZWTM-QO9O, 34.490%, 6/12/2023 †x#^ | Affirm | 12/15/2022 | 52 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZWTY-1QYH, 33.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 108 | 109 | 110 |
| &nbsp;&nbsp;&nbsp; ZWUB-HJ48, 29.530%, 10/24/2023 †x#^ | Affirm | 4/27/2023 | 52 | 53 | 4 |
| &nbsp;&nbsp;&nbsp; ZWUB-T50D, 23.110%, 8/03/2025 †x#^ | Affirm | 2/26/2025 | 408 | 417 | 33 |
| &nbsp;&nbsp;&nbsp; ZWUU-WSJ8, 29.700%, 1/22/2027 †§x | Affirm | 2/13/2026 | 130 | 137 | 137 |
| &nbsp;&nbsp;&nbsp; ZWUY-09FH, 33.950%, 6/20/2026 †x# | Affirm | 3/28/2025 | 89 | 90 | 91 |
| &nbsp;&nbsp;&nbsp; ZWV2-YBJA, 30.950%, 7/22/2026 †§x# | Affirm | 2/13/2026 | 164 | 168 | 169 |
| &nbsp;&nbsp;&nbsp; ZWV7-GZVG, 15.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 45 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZWV8-ROQZ, 33.010%, 8/06/2026 †§x | Affirm | 8/29/2025 | 35 | 35 | 35 |
| &nbsp;&nbsp;&nbsp; ZWVB-983X, 35.280%, 3/22/2026 †§x | Affirm | 1/16/2026 | 19 | 18 | 19 |
| &nbsp;&nbsp;&nbsp; ZWVL-BQ4C, 29.490%, 8/18/2024 †x#^ | Affirm | 8/24/2023 | 1051 | 986 | 84 |
| &nbsp;&nbsp;&nbsp; ZWVQ-SNEX, 15.790%, 3/23/2026 †§x | Affirm | 9/26/2024 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZWVR-OZ2B, 29.990%, 7/22/2026 †§x | Affirm | 2/13/2026 | 48 | 49 | 50 |
| &nbsp;&nbsp;&nbsp; ZWWR-6SSU, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 173 | 178 | 14 |
| &nbsp;&nbsp;&nbsp; ZWWS-UDK9, 35.510%, 3/11/2026 †§x | Affirm | 9/26/2025 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp; ZWWZ-PHS4, 25.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 55 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZWXB-BPPI, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 288 | 294 | 294 |
| &nbsp;&nbsp;&nbsp; ZWXE-15IF, 35.770%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 144 | 143 | 11 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6070** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZWXI-3MX7, 20.900%, 3/22/2026 †§x | Affirm | 1/16/2026 | $52 | $52 | $53 |
| &nbsp;&nbsp;&nbsp; ZWXL-9MKB, 32.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 420 | 439 | 34 |
| &nbsp;&nbsp;&nbsp; ZWXU-OLZS, 35.610%, 9/03/2026 †§x | Affirm | 3/28/2025 | 223 | 226 | 223 |
| &nbsp;&nbsp;&nbsp; ZWY8-7E09, 23.400%, 6/02/2026 †§x | Affirm | 6/27/2025 | 192 | 194 | 193 |
| &nbsp;&nbsp;&nbsp; ZWYH-3YG0, 11.860%, 6/19/2023 †x#^ | Affirm | 12/22/2022 | 64 | 65 | 5 |
| &nbsp;&nbsp;&nbsp; ZWYL-83GE, 32.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 345 | 363 | 368 |
| &nbsp;&nbsp;&nbsp; ZWZN-S0IS, 35.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 44 | 45 | 45 |
| &nbsp;&nbsp;&nbsp; ZWZQ-NNZ5, 26.500%, 6/28/2026 †x# | Affirm | 7/07/2023 | 3746 | 3540 | 300 |
| &nbsp;&nbsp;&nbsp; ZX0G-AZ2L, 33.050%, 8/07/2026 †§x | Affirm | 8/29/2025 | 105 | 108 | 108 |
| &nbsp;&nbsp;&nbsp; ZX0K-44KF, 29.500%, 3/22/2026 †§x | Affirm | 1/16/2026 | 57 | 57 | 58 |
| &nbsp;&nbsp;&nbsp; ZX0Q-N509, 32.500%, 4/21/2025 †x#^ | Affirm | 10/24/2024 | 55 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; ZX0T-AL1L, 29.090%, 10/02/2025 †x#^ | Affirm | 10/05/2023 | 364 | 382 | 29 |
| &nbsp;&nbsp;&nbsp; ZX11-6EDU, 29.550%, 4/17/2026 †x# | Affirm | 4/22/2024 | 254 | 264 | 20 |
| &nbsp;&nbsp;&nbsp; ZX1U-40MJ, 33.950%, 8/11/2026 †§x | Affirm | 2/26/2025 | 151 | 154 | 154 |
| &nbsp;&nbsp;&nbsp; ZX2W-98GA, 18.000%, 3/08/2026 †§x | Affirm | 9/26/2025 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; ZX35-8CDV, 33.050%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 103 | 109 | 8 |
| &nbsp;&nbsp;&nbsp; ZX37-MUDS, 15.830%, 11/28/2023 †x#^ | Affirm | 12/02/2022 | 188 | 192 | 15 |
| &nbsp;&nbsp;&nbsp; ZX3P-K1HI, 24.640%, 4/23/2026 †§x | Affirm | 10/28/2024 | 32 | 32 | 32 |
| &nbsp;&nbsp;&nbsp; ZX43-SVNJ, 23.400%, 2/26/2027 †§x# | Affirm | 2/29/2024 | 1156 | 1183 | 1187 |
| &nbsp;&nbsp;&nbsp; ZX44-D76T, 35.480%, 12/01/2024 †x#^ | Affirm | 12/07/2023 | 251 | 259 | 20 |
| &nbsp;&nbsp;&nbsp; ZX4A-MP6F, 30.500%, 3/24/2026 †§x# | Affirm | 9/27/2024 | 79 | 79 | 79 |
| &nbsp;&nbsp;&nbsp; ZX4I-JW5X, 35.380%, 1/02/2025 †x#^ | Affirm | 1/05/2024 | 597 | 614 | 48 |
| &nbsp;&nbsp;&nbsp; ZX4Q-BXA2, 35.490%, 6/22/2026 †§x | Affirm | 1/16/2026 | 58 | 59 | 59 |
| &nbsp;&nbsp;&nbsp; ZX4T-FRMQ, 35.530%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 67 | 66 | 5 |
| &nbsp;&nbsp;&nbsp; ZX68-5S4N, 29.490%, 12/29/2024 †x#^ | Affirm | 7/03/2023 | 239 | 237 | 19 |
| &nbsp;&nbsp;&nbsp; ZX6F-3QQW, 29.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 101 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZX6U-O83A, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 116 | 122 | 122 |
| &nbsp;&nbsp;&nbsp; ZX70-CNT9, 15.820%, 6/22/2026 †§x | Affirm | 1/16/2026 | 58 | 59 | 59 |
| &nbsp;&nbsp;&nbsp; ZX70-YF7F, 29.690%, 11/04/2023 †x#^ | Affirm | 11/10/2022 | 98 | 103 | 8 |
| &nbsp;&nbsp;&nbsp; ZX76-AL4O, 33.080%, 3/16/2026 †§x# | Affirm | 9/19/2024 | 45 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; ZX7D-ESQZ, 35.990%, 7/02/2025 †x#^ | Affirm | 1/29/2025 | 178 | 179 | 14 |
| &nbsp;&nbsp;&nbsp; ZX7F-9O6I, 29.810%, 2/07/2023 †x#^ | Affirm | 2/10/2022 | 41 | 41 | 3 |
| &nbsp;&nbsp;&nbsp; ZX8E-VSA7, 29.620%, 9/24/2026 †§x | Affirm | 9/27/2024 | 38 | 39 | 38 |
| &nbsp;&nbsp;&nbsp; ZX8N-8XF6, 35.310%, 3/20/2026 †x# | Affirm | 3/28/2025 | 175 | 175 | 14 |
| &nbsp;&nbsp;&nbsp; ZX8O-W03B, 29.700%, 1/05/2024 †x#^ | Affirm | 1/09/2023 | 95 | 97 | 8 |
| &nbsp;&nbsp;&nbsp; ZX8P-DMXY, 35.700%, 5/15/2025 †x#^ | Affirm | 11/27/2024 | 420 | 425 | 34 |
| &nbsp;&nbsp;&nbsp; ZX8S-4IP1, 29.450%, 5/28/2023 †x#^ | Affirm | 6/03/2022 | 136 | 141 | 11 |
| &nbsp;&nbsp;&nbsp; ZX93-KHNP, 29.110%, 12/09/2023 †x#^ | Affirm | 12/15/2022 | 81 | 84 | 6 |
| &nbsp;&nbsp;&nbsp; ZX94-Z7HY, 35.870%, 7/22/2026 †§x | Affirm | 2/13/2026 | 206 | 211 | 212 |
| &nbsp;&nbsp;&nbsp; ZX9F-TLMU, 27.960%, 5/04/2023 †x#^ | Affirm | 11/10/2022 | 177 | 178 | 14 |
| &nbsp;&nbsp;&nbsp; ZX9H-27L4, 35.590%, 6/22/2026 †§x | Affirm | 1/16/2026 | 56 | 56 | 57 |
| &nbsp;&nbsp;&nbsp; ZX9Q-SMVK, 18.000%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 34 | 34 | 34 |
| &nbsp;&nbsp;&nbsp; ZXAP-NW8O, 29.600%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 25 | 26 | 2 |
| &nbsp;&nbsp;&nbsp; ZXAP-ZNO6, 31.000%, 3/22/2026 †§x# | Affirm | 1/16/2026 | 1058 | 1049 | 1064 |
| &nbsp;&nbsp;&nbsp; ZXAQ-WTRF, 30.500%, 8/09/2024 †x#^ | Affirm | 8/14/2023 | 532 | 560 | 43 |
| &nbsp;&nbsp;&nbsp; ZXAT-VBKN, 29.550%, 4/18/2026 †§x | Affirm | 4/22/2024 | 57 | 57 | 57 |
| &nbsp;&nbsp;&nbsp; ZXAU-YG6K, 35.440%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 151 | 148 | 12 |
| &nbsp;&nbsp;&nbsp; ZXB2-Z2UQ, 29.460%, 5/08/2025 †x#^ | Affirm | 5/11/2023 | 669 | 666 | 53 |
| &nbsp;&nbsp;&nbsp; ZXBK-UPQL, 35.530%, 12/22/2026 †§x | Affirm | 1/16/2026 | 177 | 175 | 179 |
| &nbsp;&nbsp;&nbsp; ZXBX-6RCM, 35.410%, 4/28/2025 †x#^ | Affirm | 5/02/2024 | 260 | 261 | 21 |
| &nbsp;&nbsp;&nbsp; ZXC2-H9Q7, 35.360%, 8/10/2024 †x#^ | Affirm | 8/14/2023 | 109 | 108 | 9 |
| &nbsp;&nbsp;&nbsp; ZXC9-UZK5, 33.950%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 316 | 321 | 324 |
| &nbsp;&nbsp;&nbsp; ZXCC-GFW9, 15.710%, 5/06/2023 †x#^ | Affirm | 5/12/2022 | 139 | 137 | 11 |
| &nbsp;&nbsp;&nbsp; ZXCF-HFDV, 7.557%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 40 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; ZXCF-XYYY, 35.470%, 10/02/2024 †x#^ | Affirm | 10/05/2023 | 326 | 328 | 26 |
| &nbsp;&nbsp;&nbsp; ZXCG-4NR4, 26.900%, 3/03/2026 †§x | Affirm | 3/28/2025 | 18 | 18 | 18 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6071** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZXCH-T51I, 24.400%, 1/22/2027 †§x | Affirm | 2/13/2026 | $235 | $244 | $244 |
| &nbsp;&nbsp;&nbsp; ZXCJ-556D, 33.950%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 534 | 548 | 43 |
| &nbsp;&nbsp;&nbsp; ZXCJ-9DDR, 30.950%, 4/22/2026 †§x | Affirm | 2/13/2026 | 310 | 313 | 314 |
| &nbsp;&nbsp;&nbsp; ZXCN-Y4JA, 33.950%, 5/17/2026 †§x | Affirm | 5/22/2023 | 171 | 172 | 171 |
| &nbsp;&nbsp;&nbsp; ZXD2-669Q, 35.610%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 239 | 218 | 19 |
| &nbsp;&nbsp;&nbsp; ZXD4-05YN, 29.620%, 3/08/2026 †§x | Affirm | 9/26/2025 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; ZXD7-JRJ7, 29.900%, 7/03/2024 †x#^ | Affirm | 1/06/2023 | 100 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; ZXDB-78SQ, 23.900%, 12/11/2024 †x#^ | Affirm | 12/14/2023 | 187 | 193 | 15 |
| &nbsp;&nbsp;&nbsp; ZXDD-PEMJ, 33.050%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 42 | 42 | 42 |
| &nbsp;&nbsp;&nbsp; ZXDF-1ZNY, 18.000%, 12/22/2026 †§x | Affirm | 1/16/2026 | 902 | 931 | 939 |
| &nbsp;&nbsp;&nbsp; ZXDJ-GQAQ, 23.400%, 8/26/2026 †§x# | Affirm | 8/29/2024 | 335 | 340 | 340 |
| &nbsp;&nbsp;&nbsp; ZXDO-0RNB, 35.310%, 5/09/2026 †§x# | Affirm | 5/13/2024 | 99 | 99 | 99 |
| &nbsp;&nbsp;&nbsp; ZXE9-QDRO, 35.900%, 7/02/2026 †§x | Affirm | 1/29/2025 | 144 | 143 | 142 |
| &nbsp;&nbsp;&nbsp; ZXET-U3H0, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 160 | 163 | 163 |
| &nbsp;&nbsp;&nbsp; ZXF6-B5IV, 35.450%, 3/08/2027 †§x | Affirm | 9/26/2025 | 316 | 325 | 326 |
| &nbsp;&nbsp;&nbsp; ZXFN-UYDB, 28.556%, 4/22/2026 †§x« | Affirm | 2/13/2026 | 491 | 474 | 480 |
| &nbsp;&nbsp;&nbsp; ZXFO-4NQ8, 33.950%, 8/12/2026 †§x | Affirm | 2/26/2025 | 130 | 132 | 132 |
| &nbsp;&nbsp;&nbsp; ZXFP-CIVT, 26.900%, 4/22/2026 †§x | Affirm | 2/13/2026 | 114 | 115 | 116 |
| &nbsp;&nbsp;&nbsp; ZXFS-0GAZ, 33.950%, 3/20/2026 †§x | Affirm | 3/28/2025 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; ZXFS-1A6R, 6.356%, 3/19/2026 †§x« | Affirm | 3/28/2025 | 22 | 21 | 22 |
| &nbsp;&nbsp;&nbsp; ZXG2-6NVF, 23.400%, 3/23/2026 †§x | Affirm | 9/26/2024 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; ZXHK-C22Q, 35.520%, 6/16/2025 †x#^ | Affirm | 12/27/2024 | 80 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; ZXHO-1X30, 29.670%, 3/02/2025 †x#^ | Affirm | 3/06/2023 | 525 | 540 | 42 |
| &nbsp;&nbsp;&nbsp; ZXHQ-V33H, 22.710%, 12/22/2026 †§x | Affirm | 1/16/2026 | 98 | 102 | 104 |
| &nbsp;&nbsp;&nbsp; ZXID-47N3, 29.460%, 5/24/2025 †x#^ | Affirm | 5/30/2023 | 1812 | 1732 | 145 |
| &nbsp;&nbsp;&nbsp; ZXIH-FRF7, 35.550%, 9/24/2025 †x#^ | Affirm | 9/27/2024 | 15 | 15 | 1 |
| &nbsp;&nbsp;&nbsp; ZXIX-OELU, 29.580%, 4/18/2026 †§x | Affirm | 10/25/2024 | 50 | 50 | 50 |
| &nbsp;&nbsp;&nbsp; ZXJT-3WHL, 32.750%, 9/02/2025 †x#^ | Affirm | 6/27/2025 | 28 | 28 | 2 |
| &nbsp;&nbsp;&nbsp; ZXJW-GJAX, 29.660%, 6/22/2026 †§x | Affirm | 1/16/2026 | 178 | 181 | 182 |
| &nbsp;&nbsp;&nbsp; ZXJX-YI2B, 9.890%, 6/22/2026 †§x | Affirm | 1/16/2026 | 194 | 198 | 199 |
| &nbsp;&nbsp;&nbsp; ZXK7-0WH3, 35.540%, 9/23/2025 †x#^ | Affirm | 9/26/2024 | 51 | 52 | 4 |
| &nbsp;&nbsp;&nbsp; ZXKH-7C2S, 30.000%, 5/24/2024 †x#^ | Affirm | 5/30/2023 | 192 | 195 | 15 |
| &nbsp;&nbsp;&nbsp; ZXLJ-ROXV, 27.950%, 12/22/2026 †§x | Affirm | 1/16/2026 | 477 | 490 | 498 |
| &nbsp;&nbsp;&nbsp; ZXLY-09VC, 35.300%, 3/20/2026 †§x | Affirm | 3/28/2025 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; ZXM3-8M4F, 35.470%, 9/25/2025 †x#^ | Affirm | 9/30/2024 | 143 | 149 | 11 |
| &nbsp;&nbsp;&nbsp; ZXM6-C6K7, 26.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 69 | 70 | 71 |
| &nbsp;&nbsp;&nbsp; ZXMK-AEE0, 35.370%, 8/23/2025 †x#^ | Affirm | 8/29/2024 | 774 | 804 | 62 |
| &nbsp;&nbsp;&nbsp; ZXMM-6I90, 29.690%, 7/13/2026 †§x | Affirm | 1/29/2025 | 92 | 94 | 94 |
| &nbsp;&nbsp;&nbsp; ZXMT-U3WU, 35.450%, 12/22/2026 †§x | Affirm | 1/16/2026 | 244 | 242 | 246 |
| &nbsp;&nbsp;&nbsp; ZXMV-9DP6, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 119 | 125 | 126 |
| &nbsp;&nbsp;&nbsp; ZXN8-GUOM, 35.380%, 8/29/2024 †x#^ | Affirm | 9/05/2023 | 74 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZXNM-JE5V, 29.480%, 12/06/2022 †x#^ | Affirm | 6/09/2022 | 36 | 36 | 3 |
| &nbsp;&nbsp;&nbsp; ZXNR-YYY3, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 135 | 139 | 139 |
| &nbsp;&nbsp;&nbsp; ZXOB-ZKH7, 35.520%, 12/22/2026 †§x | Affirm | 1/16/2026 | 67 | 67 | 68 |
| &nbsp;&nbsp;&nbsp; ZXP3-1LWG, 22.900%, 8/07/2026 †§x | Affirm | 8/29/2025 | 418 | 428 | 429 |
| &nbsp;&nbsp;&nbsp; ZXPA-92UQ, 18.000%, 9/28/2026 †§x# | Affirm | 3/31/2025 | 128 | 130 | 130 |
| &nbsp;&nbsp;&nbsp; ZXPH-89X7, 22.810%, 8/28/2026 †x# | Affirm | 3/28/2025 | 561 | 593 | 45 |
| &nbsp;&nbsp;&nbsp; ZXPL-OIBV, 35.880%, 4/22/2026 †§x | Affirm | 2/13/2026 | 28 | 29 | 29 |
| &nbsp;&nbsp;&nbsp; ZXPO-LTDF, 35.380%, 8/28/2024 †x#^ | Affirm | 8/31/2023 | 36 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZXQ2-79KO, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 169 | 178 | 180 |
| &nbsp;&nbsp;&nbsp; ZXQD-YZCL, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 165 | 164 | 164 |
| &nbsp;&nbsp;&nbsp; ZXQU-J4Z5, 35.780%, 2/05/2026 †x#^ | Affirm | 2/26/2025 | 120 | 124 | 10 |
| &nbsp;&nbsp;&nbsp; ZXQX-A600, 35.690%, 4/01/2025 †x#^ | Affirm | 10/04/2024 | 22 | 23 | 2 |
| &nbsp;&nbsp;&nbsp; ZXQZ-2TM4, 35.950%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 425 | 427 | 34 |
| &nbsp;&nbsp;&nbsp; ZXQZ-9ZPL, 29.410%, 3/09/2024 †x#^ | Affirm | 3/13/2023 | 175 | 158 | 14 |
| &nbsp;&nbsp;&nbsp; ZXRI-R021, 29.710%, 1/24/2023 †x#^ | Affirm | 1/27/2022 | 110 | 112 | 9 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6072** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZXRI-V1LY, 22.640%, 6/25/2025 †x#^ | Affirm | 6/28/2024 | $78 | $81 | $6 |
| &nbsp;&nbsp;&nbsp; ZXRQ-GU3L, 35.660%, 8/11/2026 †§x | Affirm | 2/26/2025 | 98 | 99 | 98 |
| &nbsp;&nbsp;&nbsp; ZXS5-2Y53, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 48 | 49 | 50 |
| &nbsp;&nbsp;&nbsp; ZXSK-WEW9, 35.520%, 7/13/2026 †§x | Affirm | 1/29/2025 | 97 | 98 | 97 |
| &nbsp;&nbsp;&nbsp; ZXT3-GAKE, 25.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 58 | 59 | 59 |
| &nbsp;&nbsp;&nbsp; ZXT7-W075, 22.750%, 4/22/2026 †§x | Affirm | 2/13/2026 | 115 | 116 | 117 |
| &nbsp;&nbsp;&nbsp; ZXTP-8RAK, 35.380%, 6/04/2024 †x#^ | Affirm | 12/07/2023 | 49 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; ZXTR-RSHS, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 113 | 117 | 117 |
| &nbsp;&nbsp;&nbsp; ZXTS-5CPN, 29.750%, 9/12/2026 †x# | Affirm | 2/26/2025 | 260 | 276 |  |
| &nbsp;&nbsp;&nbsp; ZXTV-HION, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 252 | 258 | 260 |
| &nbsp;&nbsp;&nbsp; ZXTW-SHHF, 35.310%, 5/21/2026 †x# | Affirm | 5/24/2024 | 630 | 641 | 50 |
| &nbsp;&nbsp;&nbsp; ZXUB-AZT6, 35.380%, 8/09/2024 †x#^ | Affirm | 8/14/2023 | 266 | 275 | 21 |
| &nbsp;&nbsp;&nbsp; ZXUB-ST2R, 35.330%, 12/28/2025 †x#^ | Affirm | 1/02/2024 | 472 | 475 | 38 |
| &nbsp;&nbsp;&nbsp; ZXUK-AYC4, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 127 | 131 | 131 |
| &nbsp;&nbsp;&nbsp; ZXUN-BZC9, 35.650%, 6/22/2026 †x | Affirm | 1/16/2026 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; ZXUZ-KMX5, 15.760%, 4/11/2024 †x#^ | Affirm | 10/14/2022 | 250 | 261 | 20 |
| &nbsp;&nbsp;&nbsp; ZXV2-KKMW, 15.200%, 9/28/2026 †§x# | Affirm | 10/05/2023 | 441 | 446 | 446 |
| &nbsp;&nbsp;&nbsp; ZXV3-NNSS, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 314 | 331 | 335 |
| &nbsp;&nbsp;&nbsp; ZXVH-RDUC, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 246 | 255 | 254 |
| &nbsp;&nbsp;&nbsp; ZXVT-X1FG, 33.050%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 36 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; ZXW8-96QP, 35.670%, 8/12/2026 †x# | Affirm | 2/26/2025 | 353 | 367 | 28 |
| &nbsp;&nbsp;&nbsp; ZXWB-2L9G, 32.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 73 | 75 | 75 |
| &nbsp;&nbsp;&nbsp; ZXWL-7489, 29.550%, 3/05/2025 †x#^ | Affirm | 9/08/2023 | 2595 | 2773 | 208 |
| &nbsp;&nbsp;&nbsp; ZXX3-EKHJ, 35.700%, 5/12/2025 †x#^ | Affirm | 11/27/2024 | 61 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; ZXXJ-UJJJ, 22.980%, 7/22/2026 †§x | Affirm | 2/13/2026 | 84 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; ZXXJ-X8I6, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 132 | 135 | 136 |
| &nbsp;&nbsp;&nbsp; ZXXZ-6SCG, 35.370%, 1/03/2024 †x#^ | Affirm | 7/07/2023 | 535 | 544 | 43 |
| &nbsp;&nbsp;&nbsp; ZXYF-KXTE, 33.050%, 7/22/2026 †§x | Affirm | 2/13/2026 | 179 | 184 | 185 |
| &nbsp;&nbsp;&nbsp; ZXYJ-PHDA, 35.570%, 1/22/2027 †§x | Affirm | 2/13/2026 | 132 | 136 | 136 |
| &nbsp;&nbsp;&nbsp; ZXYL-VYA4, 27.100%, 11/10/2024 †x#^ | Affirm | 11/17/2022 | 381 | 412 | 31 |
| &nbsp;&nbsp;&nbsp; ZXYV-U4AS, 29.560%, 10/13/2024 †x#^ | Affirm | 10/17/2022 | 141 | 153 | 11 |
| &nbsp;&nbsp;&nbsp; ZXYY-NA2N, 23.400%, 8/12/2026 †§x | Affirm | 2/26/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZXZ1-KZ7F, 30.000%, 8/10/2025 †x#^ | Affirm | 2/26/2025 | 47 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; ZXZ6-LDMQ, 29.680%, 10/02/2025 †x#^ | Affirm | 4/05/2024 | 91 | 96 | 7 |
| &nbsp;&nbsp;&nbsp; ZXZ7-5C3I, 22.620%, 3/26/2027 †§x | Affirm | 3/31/2025 | 735 | 733 | 742 |
| &nbsp;&nbsp;&nbsp; ZXZ7-YSIP, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 220 | 219 | 222 |
| &nbsp;&nbsp;&nbsp; ZXZA-TBQ7, 22.750%, 9/05/2025 †x#^ | Affirm | 9/08/2023 | 343 | 367 | 27 |
| &nbsp;&nbsp;&nbsp; ZXZS-GFJ0, 29.000%, 5/28/2023 †x#^ | Affirm | 6/03/2022 | 90 | 93 | 7 |
| &nbsp;&nbsp;&nbsp; ZY01-22VV, 26.900%, 12/22/2026 †§x | Affirm | 1/16/2026 | 89 | 92 | 92 |
| &nbsp;&nbsp;&nbsp; ZY04-T4QZ, 35.850%, 4/22/2026 †§x | Affirm | 2/13/2026 | 36 | 36 | 36 |
| &nbsp;&nbsp;&nbsp; ZY0C-SZFH, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 1302 | 1270 | 1265 |
| &nbsp;&nbsp;&nbsp; ZY0K-82O0, 33.080%, 6/22/2026 †§x | Affirm | 1/16/2026 | 46 | 45 | 45 |
| &nbsp;&nbsp;&nbsp; ZY0L-4TL2, 26.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 163 | 171 | 172 |
| &nbsp;&nbsp;&nbsp; ZY0L-QJ3J, 29.600%, 12/22/2026 †§x | Affirm | 1/16/2026 | 114 | 118 | 118 |
| &nbsp;&nbsp;&nbsp; ZY0P-5EJ1, 35.870%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 46 | 45 | 46 |
| &nbsp;&nbsp;&nbsp; ZY0X-HFEE, 26.200%, 9/27/2026 †§x# | Affirm | 10/02/2023 | 782 | 793 | 793 |
| &nbsp;&nbsp;&nbsp; ZY11-3AJ7, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 101 | 101 | 102 |
| &nbsp;&nbsp;&nbsp; ZY16-NEEH, 29.590%, 10/21/2025 †x#^ | Affirm | 10/24/2024 | 1567 | 1629 | 125 |
| &nbsp;&nbsp;&nbsp; ZY19-EZEM, 29.620%, 6/22/2026 †§x | Affirm | 1/16/2026 | 47 | 48 | 48 |
| &nbsp;&nbsp;&nbsp; ZY1T-8AY2, 33.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 36 | 37 | 37 |
| &nbsp;&nbsp;&nbsp; ZY28-OSCP, 15.720%, 8/23/2024 †x#^ | Affirm | 8/28/2023 | 56 | 59 | 5 |
| &nbsp;&nbsp;&nbsp; ZY2I-D1JJ, 22.730%, 9/08/2026 †x# | Affirm | 9/26/2025 | 432 | 447 | 11 |
| &nbsp;&nbsp;&nbsp; ZY2S-63D8, 25.900%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 80 | 82 | 6 |
| &nbsp;&nbsp;&nbsp; ZY2S-V9H3, 29.430%, 5/19/2024 †x#^ | Affirm | 5/26/2023 | 106 | 104 | 9 |
| &nbsp;&nbsp;&nbsp; ZY38-LGDD, 30.950%, 3/28/2027 †§x# | Affirm | 3/31/2025 | 1069 | 1111 | 1099 |
| &nbsp;&nbsp;&nbsp; ZY3D-NTGI, 23.000%, 4/22/2026 †§x | Affirm | 2/13/2026 | 21 | 21 | 21 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6073** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZY3G-JMZW, 35.950%, 7/02/2025 †x#^ | Affirm | 1/29/2025 | $43 | $43 | $3 |
| &nbsp;&nbsp;&nbsp; ZY3K-TTRA, 35.650%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 675 | 666 | 54 |
| &nbsp;&nbsp;&nbsp; ZY3Z-0LUU, 19.700%, 1/29/2025 †x#^ | Affirm | 8/03/2023 | 603 | 626 | 48 |
| &nbsp;&nbsp;&nbsp; ZY3Z-1DJ7, 15.790%, 3/21/2024 †x#^ | Affirm | 9/26/2022 | 2804 | 3011 | 224 |
| &nbsp;&nbsp;&nbsp; ZY4B-E72I, 30.950%, 3/03/2026 †§x | Affirm | 3/28/2025 | 185 | 185 | 185 |
| &nbsp;&nbsp;&nbsp; ZY4E-C2D6, 35.990%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 56 | 56 | 4 |
| &nbsp;&nbsp;&nbsp; ZY4H-N17L, 15.700%, 3/28/2026 †§x | Affirm | 3/31/2025 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; ZY4V-CC3E, 30.500%, 1/03/2024 †x#^ | Affirm | 7/07/2023 | 160 | 165 | 13 |
| &nbsp;&nbsp;&nbsp; ZY4W-9O17, 18.000%, 5/11/2026 †§x | Affirm | 5/15/2023 | 264 | 266 | 266 |
| &nbsp;&nbsp;&nbsp; ZY51-Q1X4, 35.570%, 9/08/2026 †§x | Affirm | 9/26/2025 | 2469 | 2521 | 2526 |
| &nbsp;&nbsp;&nbsp; ZY5C-29FM, 11.840%, 12/28/2026 †§x | Affirm | 1/29/2025 | 357 | 363 | 362 |
| &nbsp;&nbsp;&nbsp; ZY5G-IHWA, 22.750%, 5/07/2025 †x#^ | Affirm | 11/27/2024 | 42 | 42 | 3 |
| &nbsp;&nbsp;&nbsp; ZY5Z-HZPJ, 29.670%, 11/03/2023 †x#^ | Affirm | 11/07/2022 | 49 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; ZY6D-SG8Y, 29.570%, 1/11/2026 †x#^ | Affirm | 1/16/2024 | 601 | 604 | 48 |
| &nbsp;&nbsp;&nbsp; ZY70-U4CV, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 153 | 158 | 160 |
| &nbsp;&nbsp;&nbsp; ZY75-Y145, 35.280%, 10/01/2025 †x#^ | Affirm | 4/04/2024 | 147 | 152 | 12 |
| &nbsp;&nbsp;&nbsp; ZY7L-C9OD, 29.440%, 11/29/2024 †x#^ | Affirm | 6/02/2023 | 655 | 635 | 52 |
| &nbsp;&nbsp;&nbsp; ZY7P-NP7A, 35.530%, 5/13/2026 †x# | Affirm | 11/27/2024 | 82 | 82 | 82 |
| &nbsp;&nbsp;&nbsp; ZY7T-80DQ, 35.570%, 9/08/2026 †§x | Affirm | 9/26/2025 | 126 | 126 | 126 |
| &nbsp;&nbsp;&nbsp; ZY7X-F015, 27.100%, 4/19/2023 †x#^ | Affirm | 10/27/2022 | 10 | 10 | 1 |
| &nbsp;&nbsp;&nbsp; ZY8C-Q008, 35.500%, 10/23/2025 †x#^ | Affirm | 10/28/2024 | 55 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; ZY8L-IY0U, 33.950%, 2/05/2027 †§x# | Affirm | 8/29/2025 | 548 | 558 | 557 |
| &nbsp;&nbsp;&nbsp; ZY8P-CVOG, 29.670%, 7/11/2024 †x#^ | Affirm | 1/16/2024 | 169 | 173 | 14 |
| &nbsp;&nbsp;&nbsp; ZY8Q-IST7, 26.200%, 10/06/2023 †x#^ | Affirm | 10/11/2022 | 68 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; ZY94-2I0W, 35.770%, 7/22/2026 †§x | Affirm | 2/13/2026 | 48 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZY98-BQOZ, 15.800%, 11/20/2026 †§x | Affirm | 11/27/2024 | 988 | 987 | 1004 |
| &nbsp;&nbsp;&nbsp; ZY9A-N4W0, 35.300%, 3/20/2026 †§x# | Affirm | 3/28/2025 | 57 | 57 | 57 |
| &nbsp;&nbsp;&nbsp; ZY9C-9ZPC, 29.500%, 3/22/2026 †§x | Affirm | 1/16/2026 | 30 | 30 | 31 |
| &nbsp;&nbsp;&nbsp; ZY9M-RRFE, 29.740%, 5/07/2023 †x#^ | Affirm | 11/10/2022 | 155 | 158 | 12 |
| &nbsp;&nbsp;&nbsp; ZY9R-8GD9, 25.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 32 | 33 | 33 |
| &nbsp;&nbsp;&nbsp; ZYA3-H32K, 29.660%, 9/08/2026 †§x | Affirm | 9/26/2025 | 114 | 117 | 117 |
| &nbsp;&nbsp;&nbsp; ZYA9-GFF3, 23.400%, 1/08/2027 †§x | Affirm | 7/31/2025 | 211 | 217 | 218 |
| &nbsp;&nbsp;&nbsp; ZYAA-DYWS, 29.440%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; ZYAD-5YAY, 31.000%, 4/15/2025 †x#^ | Affirm | 4/18/2024 | 123 | 129 | 10 |
| &nbsp;&nbsp;&nbsp; ZYAF-9NM1, 15.800%, 12/22/2026 †§x | Affirm | 1/16/2026 | 209 | 216 | 218 |
| &nbsp;&nbsp;&nbsp; ZYAH-WNV3, 35.390%, 12/04/2024 †x#^ | Affirm | 12/07/2023 | 76 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; ZYAI-4JLZ, 29.000%, 6/28/2024 †x#^ | Affirm | 7/03/2023 | 155 | 160 | 12 |
| &nbsp;&nbsp;&nbsp; ZYB5-7F3S, 19.700%, 7/22/2026 †§x | Affirm | 2/13/2026 | 159 | 163 | 164 |
| &nbsp;&nbsp;&nbsp; ZYBE-RK1D, 22.900%, 2/16/2024 †x#^ | Affirm | 2/21/2023 | 364 | 380 | 29 |
| &nbsp;&nbsp;&nbsp; ZYBV-5T90, 15.820%, 9/23/2025 †x#^ | Affirm | 9/26/2024 | 157 | 166 | 13 |
| &nbsp;&nbsp;&nbsp; ZYC2-9Q0D, 35.480%, 8/06/2026 †§x | Affirm | 8/29/2025 | 88 | 87 | 87 |
| &nbsp;&nbsp;&nbsp; ZYC2-F0BV, 33.950%, 4/21/2026 †x# | Affirm | 10/24/2024 | 337 | 356 | 27 |
| &nbsp;&nbsp;&nbsp; ZYCF-CNMC, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 174 | 178 | 178 |
| &nbsp;&nbsp;&nbsp; ZYCF-UAZ9, 29.520%, 12/28/2025 †x#^ | Affirm | 1/02/2024 | 17 | 18 | 1 |
| &nbsp;&nbsp;&nbsp; ZYCK-R01V, 29.680%, 7/10/2023 †x#^ | Affirm | 1/18/2022 | 121 | 113 | 10 |
| &nbsp;&nbsp;&nbsp; ZYCR-UR5S, 33.500%, 3/03/2026 †§x | Affirm | 3/28/2025 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; ZYD3-PF9O, 30.000%, 3/09/2023 †x#^ | Affirm | 12/15/2022 | 1314 | 1309 | 105 |
| &nbsp;&nbsp;&nbsp; ZYDG-EJIJ, 35.830%, 10/01/2025 †x#^ | Affirm | 10/04/2024 | 254 | 269 | 20 |
| &nbsp;&nbsp;&nbsp; ZYDZ-6YF6, 35.330%, 5/06/2026 †§x | Affirm | 5/30/2025 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; ZYE2-EVNJ, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 63 | 64 | 64 |
| &nbsp;&nbsp;&nbsp; ZYE3-LH5R, 29.590%, 1/02/2029 †§x | Affirm | 1/29/2025 | 1549 | 1646 | 1648 |
| &nbsp;&nbsp;&nbsp; ZYE4-W6AZ, 15.720%, 2/28/2025 †x#^ | Affirm | 9/01/2023 | 21 | 22 | 2 |
| &nbsp;&nbsp;&nbsp; ZYED-PKIH, 29.810%, 2/07/2023 †x#^ | Affirm | 2/10/2022 | 130 | 136 | 10 |
| &nbsp;&nbsp;&nbsp; ZYEJ-H1EL, 33.950%, 7/23/2026 †§x# | Affirm | 7/26/2024 | 592 | 599 | 602 |
| &nbsp;&nbsp;&nbsp; ZYF3-68BK, 35.520%, 7/13/2026 †x# | Affirm | 1/29/2025 | 227 | 225 | 18 |
| &nbsp;&nbsp;&nbsp; ZYFT-WCSM, 22.730%, 6/22/2026 †§x | Affirm | 1/16/2026 | 89 | 90 | 91 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6074** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZYG6-W7C4, 22.810%, 5/08/2026 †§x | Affirm | 11/27/2024 | $164 | $165 | $164 |
| &nbsp;&nbsp;&nbsp; ZYGA-MD4E, 33.950%, 1/13/2028 †x# | Affirm | 1/29/2025 | 1805 | 1843 | 1861 |
| &nbsp;&nbsp;&nbsp; ZYGB-XOEH, 11.820%, 8/06/2026 †§x | Affirm | 8/29/2025 | 925 | 937 | 939 |
| &nbsp;&nbsp;&nbsp; ZYGD-RC36, 15.970%, 7/17/2023 †x#^ | Affirm | 1/20/2023 | 98 | 100 | 8 |
| &nbsp;&nbsp;&nbsp; ZYGZ-DN4A, 29.510%, 5/21/2026 †§x | Affirm | 5/24/2024 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZYHA-KKYM, 15.890%, 2/10/2026 †§x^ | Affirm | 2/26/2025 | 11 | 11 | 2 |
| &nbsp;&nbsp;&nbsp; ZYHA-UZHR, 33.000%, 6/19/2026 †x# | Affirm | 12/27/2024 | 216 | 215 | 14 |
| &nbsp;&nbsp;&nbsp; ZYI0-UHFE, 11.800%, 9/07/2024 †x#^ | Affirm | 9/11/2023 | 40 | 42 | 3 |
| &nbsp;&nbsp;&nbsp; ZYI0-VW43, 35.780%, 3/10/2026 †x | Affirm | 2/26/2025 | 30 | 30 | 30 |
| &nbsp;&nbsp;&nbsp; ZYI2-LO8U, 35.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 143 | 146 | 147 |
| &nbsp;&nbsp;&nbsp; ZYIF-BC0O, 35.560%, 12/23/2024 †x#^ | Affirm | 9/26/2024 | 24 | 24 | 2 |
| &nbsp;&nbsp;&nbsp; ZYII-2ORF, 35.340%, 5/29/2024 †x#^ | Affirm | 6/05/2023 | 500 | 509 | 40 |
| &nbsp;&nbsp;&nbsp; ZYIN-SMVC, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 277 | 286 | 289 |
| &nbsp;&nbsp;&nbsp; ZYIQ-YZWB, 22.810%, 8/07/2026 †§x | Affirm | 2/26/2025 | 186 | 189 | 189 |
| &nbsp;&nbsp;&nbsp; ZYIU-6TSH, 13.840%, 4/18/2026 †§x | Affirm | 10/24/2024 | 73 | 73 | 73 |
| &nbsp;&nbsp;&nbsp; ZYJI-FPR9, 29.600%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 102 | 106 | 107 |
| &nbsp;&nbsp;&nbsp; ZYK4-IK6B, 24.690%, 3/24/2026 †x# | Affirm | 9/27/2024 | 194 | 201 | 16 |
| &nbsp;&nbsp;&nbsp; ZYK9-7SBE, 9.810%, 3/03/2026 †§x | Affirm | 3/28/2025 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; ZYKH-0S5X, 31.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 226 | 230 | 230 |
| &nbsp;&nbsp;&nbsp; ZYKL-15WH, 35.400%, 4/28/2025 †x#^ | Affirm | 5/02/2024 | 97 | 100 | 8 |
| &nbsp;&nbsp;&nbsp; ZYKR-AMJ4, 35.390%, 10/01/2025 †x#^ | Affirm | 4/04/2024 | 404 | 417 | 32 |
| &nbsp;&nbsp;&nbsp; ZYKR-Q5NP, 29.200%, 7/22/2026 †§x | Affirm | 2/13/2026 | 61 | 61 | 62 |
| &nbsp;&nbsp;&nbsp; ZYKX-DYLM, 30.950%, 3/11/2026 †§x | Affirm | 9/26/2025 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; ZYL0-FXFD, 35.540%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 73 | 73 | 6 |
| &nbsp;&nbsp;&nbsp; ZYL2-W7WS, 35.650%, 1/22/2027 †§x | Affirm | 2/13/2026 | 121 | 120 | 120 |
| &nbsp;&nbsp;&nbsp; ZYLA-BTEU, 33.950%, 3/28/2026 †§x# | Affirm | 4/22/2025 | 41 | 41 | 41 |
| &nbsp;&nbsp;&nbsp; ZYMD-AQYI, 35.650%, 1/14/2027 †§x | Affirm | 2/13/2026 | 853 | 761 | 762 |
| &nbsp;&nbsp;&nbsp; ZYMF-1QS5, 35.530%, 10/03/2026 †§x | Affirm | 10/07/2024 | 409 | 407 | 409 |
| &nbsp;&nbsp;&nbsp; ZYMG-7CRN, 35.880%, 7/22/2026 †§x | Affirm | 2/13/2026 | 355 | 364 | 364 |
| &nbsp;&nbsp;&nbsp; ZYMM-5I3E, 27.200%, 10/02/2024 †x#^ | Affirm | 10/05/2023 | 497 | 524 | 40 |
| &nbsp;&nbsp;&nbsp; ZYNI-YO0D, 32.000%, 1/22/2027 †§x | Affirm | 2/13/2026 | 229 | 241 | 244 |
| &nbsp;&nbsp;&nbsp; ZYO1-AW0K, 29.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 208 | 213 | 214 |
| &nbsp;&nbsp;&nbsp; ZYOI-LD6Y, 29.560%, 6/14/2026 †x# | Affirm | 6/21/2024 | 2493 | 2471 | 199 |
| &nbsp;&nbsp;&nbsp; ZYOZ-UNKN, 28.500%, 1/26/2023 †x#^ | Affirm | 7/29/2022 | 79 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; ZYP7-WI8K, 35.300%, 3/25/2027 †§x# | Affirm | 3/31/2025 | 651 | 649 | 657 |
| &nbsp;&nbsp;&nbsp; ZYPD-DY1T, 32.500%, 2/10/2028 †§x# | Affirm | 2/26/2025 | 1296 | 1290 | 1311 |
| &nbsp;&nbsp;&nbsp; ZYPE-VT5W, 35.360%, 7/08/2026 †x# | Affirm | 7/31/2025 | 256 | 252 | 6 |
| &nbsp;&nbsp;&nbsp; ZYPJ-JSGM, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 42 | 43 | 43 |
| &nbsp;&nbsp;&nbsp; ZYPN-Z24Q, 35.490%, 7/03/2025 †x#^ | Affirm | 1/08/2024 | 2692 | 2693 | 215 |
| &nbsp;&nbsp;&nbsp; ZYPP-PEZZ, 35.430%, 6/14/2025 †x#^ | Affirm | 6/21/2024 | 250 | 252 | 20 |
| &nbsp;&nbsp;&nbsp; ZYPR-R058, 27.500%, 5/14/2024 †x#^ | Affirm | 11/17/2022 | 978 | 1021 | 78 |
| &nbsp;&nbsp;&nbsp; ZYPY-7P1C, 35.570%, 12/30/2024 †x#^ | Affirm | 10/03/2024 | 47 | 48 | 4 |
| &nbsp;&nbsp;&nbsp; ZYQA-MFC9, 24.400%, 7/22/2026 †§x | Affirm | 2/13/2026 | 223 | 229 | 230 |
| &nbsp;&nbsp;&nbsp; ZYQL-AKNJ, 25.200%, 9/08/2026 †§x | Affirm | 9/26/2025 | 62 | 64 | 64 |
| &nbsp;&nbsp;&nbsp; ZYQO-WQFU, 35.470%, 2/20/2025 †x#^ | Affirm | 2/23/2024 | 141 | 145 | 11 |
| &nbsp;&nbsp;&nbsp; ZYQP-G80D, 34.000%, 7/14/2026 †§x | Affirm | 2/13/2026 | 1775 | 1672 | 1674 |
| &nbsp;&nbsp;&nbsp; ZYQR-2ESP, 13.840%, 7/22/2026 †§x | Affirm | 2/13/2026 | 215 | 220 | 222 |
| &nbsp;&nbsp;&nbsp; ZYR8-CL7A, 24.400%, 3/24/2026 †§x | Affirm | 9/27/2024 | 22 | 22 | 23 |
| &nbsp;&nbsp;&nbsp; ZYRP-DVBY, 35.370%, 6/28/2026 †x# | Affirm | 7/05/2024 | 520 | 515 | 42 |
| &nbsp;&nbsp;&nbsp; ZYRT-FDAL, 35.460%, 8/06/2026 †§x# | Affirm | 8/29/2025 | 288 | 295 | 294 |
| &nbsp;&nbsp;&nbsp; ZYRU-83RX, 24.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | 561 | 579 | 583 |
| &nbsp;&nbsp;&nbsp; ZYRW-HHFB, 35.530%, 12/16/2025 †x#^ | Affirm | 12/27/2024 | 77 | 77 | 6 |
| &nbsp;&nbsp;&nbsp; ZYRZ-Z82L, 35.390%, 3/22/2026 †§x# | Affirm | 1/16/2026 | 68 | 66 | 68 |
| &nbsp;&nbsp;&nbsp; ZYS5-CNA8, 35.490%, 3/26/2025 †x#^ | Affirm | 9/30/2024 | 34 | 35 | 3 |
| &nbsp;&nbsp;&nbsp; ZYS8-EDYS, 29.810%, 2/10/2026 †x#^ | Affirm | 2/26/2025 | 41 | 43 | 4 |
| &nbsp;&nbsp;&nbsp; ZYSI-RCYX, 24.400%, 8/12/2026 †§x | Affirm | 2/26/2025 | 987 | 1007 | 1006 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6075** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZYT6-6U7U, 32.000%, 6/22/2026 †§x | Affirm | 1/16/2026 | $139 | $142 | $143 |
| &nbsp;&nbsp;&nbsp; ZYT7-BU6U, 29.490%, 6/02/2026 †§x | Affirm | 6/27/2025 | 63 | 63 | 63 |
| &nbsp;&nbsp;&nbsp; ZYTF-EUTA, 35.950%, 9/03/2025 †x#^ | Affirm | 3/28/2025 | 713 | 728 | 57 |
| &nbsp;&nbsp;&nbsp; ZYTH-Q38W, 29.670%, 6/22/2026 †§x# | Affirm | 1/16/2026 | 160 | 163 | 165 |
| &nbsp;&nbsp;&nbsp; ZYTK-PDMO, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 67 | 70 | 71 |
| &nbsp;&nbsp;&nbsp; ZYU2-U9H2, 35.780%, 7/22/2026 †§x | Affirm | 2/13/2026 | 271 | 272 | 272 |
| &nbsp;&nbsp;&nbsp; ZYUC-0PK5, 35.490%, 10/03/2025 †x#^ | Affirm | 10/07/2024 | 203 | 211 | 16 |
| &nbsp;&nbsp;&nbsp; ZYV3-IJ1G, 28.990%, 2/25/2025 †x#^ | Affirm | 9/01/2023 | 318 | 329 | 25 |
| &nbsp;&nbsp;&nbsp; ZYV8-Z6HV, 29.620%, 3/24/2026 †x# | Affirm | 9/27/2024 | 212 | 224 | 17 |
| &nbsp;&nbsp;&nbsp; ZYVA-SWFE, 35.640%, 1/14/2027 †§x | Affirm | 2/13/2026 | 115 | 103 | 103 |
| &nbsp;&nbsp;&nbsp; ZYVT-PTPE, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 192 | 191 | 191 |
| &nbsp;&nbsp;&nbsp; ZYWJ-UOX3, 29.630%, 3/08/2026 †§x | Affirm | 9/26/2025 | 11 | 11 | 11 |
| &nbsp;&nbsp;&nbsp; ZYWN-9JQG, 32.000%, 12/02/2026 †x# | Affirm | 6/27/2025 | 220 | 233 |  |
| &nbsp;&nbsp;&nbsp; ZYX1-7ICI, 13.840%, 4/22/2026 †§x | Affirm | 2/13/2026 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; ZYX9-9DKF, 29.660%, 9/09/2023 †x#^ | Affirm | 9/15/2022 | 82 | 85 | 7 |
| &nbsp;&nbsp;&nbsp; ZYXE-RFC9, 35.430%, 6/14/2025 †x#^ | Affirm | 6/21/2024 | 279 | 290 | 22 |
| &nbsp;&nbsp;&nbsp; ZYXJ-37AM, 29.560%, 10/28/2024 †x#^ | Affirm | 11/03/2022 | 1293 | 1410 | 103 |
| &nbsp;&nbsp;&nbsp; ZYXJ-8JZX, 26.900%, 7/08/2026 †§x | Affirm | 7/31/2025 | 49 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZYXT-YUB3, 35.380%, 5/20/2025 †x#^ | Affirm | 11/24/2023 | 254 | 260 | 20 |
| &nbsp;&nbsp;&nbsp; ZYY1-O4PV, 29.400%, 5/08/2024 †x#^ | Affirm | 5/11/2023 | 104 | 109 | 8 |
| &nbsp;&nbsp;&nbsp; ZYY3-3BG8, 29.470%, 4/24/2024 †x#^ | Affirm | 4/27/2023 | 111 | 108 | 9 |
| &nbsp;&nbsp;&nbsp; ZYY6-J1OS, 35.650%, 3/01/2024 †x#^ | Affirm | 9/08/2023 | 283 | 273 | 23 |
| &nbsp;&nbsp;&nbsp; ZYY7-KBWT, 26.500%, 9/07/2023 †x#^ | Affirm | 9/12/2022 | 121 | 127 | 10 |
| &nbsp;&nbsp;&nbsp; ZYYB-H7X0, 15.750%, 4/28/2026 †§x | Affirm | 5/03/2024 | 52 | 52 | 52 |
| &nbsp;&nbsp;&nbsp; ZYYF-PVB0, 29.620%, 3/23/2026 †§x | Affirm | 9/26/2024 | 22 | 22 | 23 |
| &nbsp;&nbsp;&nbsp; ZYYS-3H6M, 15.710%, 8/07/2025 †x#^ | Affirm | 8/10/2023 | 315 | 319 | 25 |
| &nbsp;&nbsp;&nbsp; ZYZH-VCDQ, 19.670%, 3/07/2027 †§x | Affirm | 3/28/2025 | 914 | 873 | 882 |
| &nbsp;&nbsp;&nbsp; ZYZP-0FDX, 29.710%, 1/22/2027 †§x | Affirm | 2/13/2026 | 584 | 614 | 620 |
| &nbsp;&nbsp;&nbsp; ZYZP-I4YK, 33.950%, 6/02/2026 †§x | Affirm | 6/27/2025 | 44 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; ZYZY-E6OI, 22.650%, 10/18/2024 †x#^ | Affirm | 4/22/2024 | 106 | 109 | 8 |
| &nbsp;&nbsp;&nbsp; ZZ01-6REC, 22.700%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 29 | 30 | 2 |
| &nbsp;&nbsp;&nbsp; ZZ0E-GAFC, 24.590%, 5/28/2027 †x# | Affirm | 6/27/2025 | 2423 | 2397 | 2424 |
| &nbsp;&nbsp;&nbsp; ZZ17-LAGF, 29.980%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 67 | 67 | 68 |
| &nbsp;&nbsp;&nbsp; ZZ1D-CGDI, 29.500%, 4/01/2026 †x# | Affirm | 4/04/2024 | 324 | 339 | 26 |
| &nbsp;&nbsp;&nbsp; ZZ1V-2EQ2, 31.450%, 12/22/2026 †§x# | Affirm | 1/16/2026 | 366 | 364 | 364 |
| &nbsp;&nbsp;&nbsp; ZZ1Z-QP9E, 33.950%, 1/22/2027 †§x | Affirm | 2/13/2026 | 195 | 201 | 201 |
| &nbsp;&nbsp;&nbsp; ZZ28-E00O, 29.200%, 1/22/2027 †§x | Affirm | 2/13/2026 | 50 | 50 | 50 |
| &nbsp;&nbsp;&nbsp; ZZ2J-506I, 33.050%, 12/22/2026 †§x | Affirm | 1/16/2026 | 55 | 58 | 58 |
| &nbsp;&nbsp;&nbsp; ZZ2Y-DIAF, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 266 | 280 | 280 |
| &nbsp;&nbsp;&nbsp; ZZ3K-PAFN, 20.900%, 12/22/2026 †§x | Affirm | 1/16/2026 | 166 | 174 | 176 |
| &nbsp;&nbsp;&nbsp; ZZ42-9ZU1, 29.620%, 9/23/2026 †§x | Affirm | 9/26/2024 | 209 | 212 | 213 |
| &nbsp;&nbsp;&nbsp; ZZ47-W934, 30.000%, 6/05/2024 †x#^ | Affirm | 6/08/2023 | 85 | 89 | 7 |
| &nbsp;&nbsp;&nbsp; ZZ4S-FOHH, 28.000%, 6/08/2023 †x#^ | Affirm | 6/13/2022 | 359 | 378 | 29 |
| &nbsp;&nbsp;&nbsp; ZZ4T-NKEN, 26.700%, 7/05/2025 †x#^ | Affirm | 1/11/2024 | 297 | 312 | 24 |
| &nbsp;&nbsp;&nbsp; ZZ4W-9AHD, 29.820%, 3/03/2026 †§x | Affirm | 3/28/2025 | 19 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; ZZ4X-YWCS, 9.940%, 7/22/2026 †§x | Affirm | 2/13/2026 | 52 | 54 | 54 |
| &nbsp;&nbsp;&nbsp; ZZ5D-DDWQ, 7.521%, 5/15/2025 †x#^« | Affirm | 11/27/2024 | 1541 | 1490 | 123 |
| &nbsp;&nbsp;&nbsp; ZZ5I-V36C, 22.750%, 3/20/2026 †§x | Affirm | 3/28/2025 | 352 | 352 | 354 |
| &nbsp;&nbsp;&nbsp; ZZ5K-8PSV, 29.650%, 5/15/2026 †§x# | Affirm | 11/27/2024 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZZ61-2RH3, 35.570%, 6/22/2026 †§x | Affirm | 1/16/2026 | 120 | 120 | 121 |
| &nbsp;&nbsp;&nbsp; ZZ61-UJLG, 35.570%, 8/20/2025 †x#^ | Affirm | 2/23/2024 | 260 | 260 | 21 |
| &nbsp;&nbsp;&nbsp; ZZ67-RGDF, 35.380%, 12/07/2025 †x#^ | Affirm | 12/11/2023 | 626 | 629 | 50 |
| &nbsp;&nbsp;&nbsp; ZZ6I-9S3Q, 29.490%, 12/29/2024 †x#^ | Affirm | 7/07/2023 | 236 | 253 | 19 |
| &nbsp;&nbsp;&nbsp; ZZ70-JNPL, 29.390%, 3/08/2026 †§x | Affirm | 9/26/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZZ7X-G6XO, 7.441%, 3/22/2026 †§x« | Affirm | 1/16/2026 | 108 | 107 | 107 |
| &nbsp;&nbsp;&nbsp; ZZ81-I0GW, 33.490%, 4/22/2026 †§x# | Affirm | 2/13/2026 | 81 | 80 | 81 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6076** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZZ86-JCM8, 29.440%, 5/16/2023 †x#^ | Affirm | 5/19/2022 | $17 | $18 | $1 |
| &nbsp;&nbsp;&nbsp; ZZ8F-QL07, 35.290%, 3/24/2026 †x# | Affirm | 4/22/2025 | 13 | 11 | 12 |
| &nbsp;&nbsp;&nbsp; ZZ8U-M1KZ, 33.200%, 1/08/2026 †x#^ | Affirm | 1/29/2025 | 46 | 45 | 4 |
| &nbsp;&nbsp;&nbsp; ZZ92-OC3C, 30.950%, 3/08/2026 †§x | Affirm | 9/26/2025 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; ZZ93-W26O, 29.630%, 12/22/2026 †§x | Affirm | 1/16/2026 | 118 | 124 | 126 |
| &nbsp;&nbsp;&nbsp; ZZ9J-XIZ7, 33.950%, 6/28/2025 †x#^ | Affirm | 1/29/2025 | 20 | 21 | 2 |
| &nbsp;&nbsp;&nbsp; ZZ9L-81YO, 13.900%, 11/15/2025 †x#^ | Affirm | 11/27/2024 | 877 | 924 | 70 |
| &nbsp;&nbsp;&nbsp; ZZ9X-OIV3, 29.460%, 5/24/2025 †x#^ | Affirm | 5/30/2023 | 590 | 623 | 47 |
| &nbsp;&nbsp;&nbsp; ZZAC-F1B7, 33.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 334 | 341 | 341 |
| &nbsp;&nbsp;&nbsp; ZZAG-KTZQ, 35.640%, 1/14/2027 †§x | Affirm | 2/13/2026 | 87 | 77 | 79 |
| &nbsp;&nbsp;&nbsp; ZZAI-V2PQ, 33.050%, 1/22/2027 †§x | Affirm | 2/13/2026 | 343 | 360 | 363 |
| &nbsp;&nbsp;&nbsp; ZZAZ-J763, 5.785%, 1/22/2027 †§x« | Affirm | 2/13/2026 | 559 | 532 | 528 |
| &nbsp;&nbsp;&nbsp; ZZB0-A2Y6, 15.810%, 12/22/2026 †§x | Affirm | 1/16/2026 | 102 | 101 | 104 |
| &nbsp;&nbsp;&nbsp; ZZB1-3JUA, 25.200%, 12/24/2027 †§x | Affirm | 1/16/2026 | 583 | 618 | 624 |
| &nbsp;&nbsp;&nbsp; ZZB7-TRY8, 30.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 45 | 46 | 46 |
| &nbsp;&nbsp;&nbsp; ZZB9-YGR7, 35.450%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 65 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; ZZBA-VZUV, 15.700%, 3/22/2026 †§x | Affirm | 1/16/2026 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; ZZC4-WVEO, 34.000%, 8/11/2026 †§x | Affirm | 2/26/2025 | 805 | 800 | 800 |
| &nbsp;&nbsp;&nbsp; ZZCA-0NR3, 22.780%, 1/22/2027 †§x | Affirm | 2/13/2026 | 34 | 35 | 34 |
| &nbsp;&nbsp;&nbsp; ZZCR-GUH2, 33.950%, 4/28/2025 †x#^ | Affirm | 5/02/2024 | 1248 | 1309 | 100 |
| &nbsp;&nbsp;&nbsp; ZZCR-YC18, 35.610%, 8/06/2026 †x# | Affirm | 2/26/2025 | 217 | 225 | 17 |
| &nbsp;&nbsp;&nbsp; ZZCT-MP3Z, 29.520%, 4/11/2023 †x#^ | Affirm | 4/14/2022 | 262 | 259 | 21 |
| &nbsp;&nbsp;&nbsp; ZZCY-BHQX, 33.050%, 3/22/2026 †§x | Affirm | 1/16/2026 | 30 | 30 | 31 |
| &nbsp;&nbsp;&nbsp; ZZD2-CVZN, 29.760%, 8/12/2026 †x# | Affirm | 2/26/2025 | 364 | 386 | 29 |
| &nbsp;&nbsp;&nbsp; ZZD8-JDWB, 35.580%, 2/26/2025 †x#^ | Affirm | 2/29/2024 | 504 | 505 | 40 |
| &nbsp;&nbsp;&nbsp; ZZDE-QBCL, 35.350%, 6/02/2026 †§x# | Affirm | 6/27/2025 | 200 | 201 | 103 |
| &nbsp;&nbsp;&nbsp; ZZDW-TJ17, 29.470%, 3/22/2026 †§x | Affirm | 1/16/2026 | 50 | 50 | 51 |
| &nbsp;&nbsp;&nbsp; ZZE7-O2EB, 29.610%, 5/17/2024 †x#^ | Affirm | 11/24/2023 | 337 | 324 | 27 |
| &nbsp;&nbsp;&nbsp; ZZEN-A6U4, 24.400%, 12/22/2026 †§x | Affirm | 1/16/2026 | 612 | 632 | 636 |
| &nbsp;&nbsp;&nbsp; ZZF1-UZTB, 25.200%, 1/22/2027 †§x | Affirm | 2/13/2026 | 135 | 142 | 144 |
| &nbsp;&nbsp;&nbsp; ZZG2-YMLA, 35.890%, 7/22/2026 †§x | Affirm | 2/13/2026 | 87 | 88 | 88 |
| &nbsp;&nbsp;&nbsp; ZZGK-YFG5, 26.900%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 59 | 59 | 13 |
| &nbsp;&nbsp;&nbsp; ZZGN-3BDW, 35.670%, 9/01/2024 †x#^ | Affirm | 9/11/2023 | 46 | 43 | 4 |
| &nbsp;&nbsp;&nbsp; ZZGS-36TE, 29.590%, 10/11/2023 †x#^ | Affirm | 10/14/2022 | 433 | 453 | 35 |
| &nbsp;&nbsp;&nbsp; ZZGU-6K3L, 29.000%, 6/09/2024 †x#^ | Affirm | 12/15/2022 | 383 | 384 | 31 |
| &nbsp;&nbsp;&nbsp; ZZH2-59ZG, 25.900%, 1/22/2027 †§x | Affirm | 2/13/2026 | 136 | 141 | 141 |
| &nbsp;&nbsp;&nbsp; ZZH4-3MLI, 24.710%, 5/15/2026 †x# | Affirm | 11/27/2024 | 169 | 179 | 3 |
| &nbsp;&nbsp;&nbsp; ZZI6-2LVZ, 15.710%, 3/28/2023 †x#^ | Affirm | 4/01/2022 | 82 | 81 | 7 |
| &nbsp;&nbsp;&nbsp; ZZIV-G4A1, 25.900%, 6/22/2026 †§x | Affirm | 1/16/2026 | 55 | 56 | 56 |
| &nbsp;&nbsp;&nbsp; ZZJ3-U8H6, 27.700%, 7/04/2025 †x#^ | Affirm | 5/11/2023 | 351 | 350 | 28 |
| &nbsp;&nbsp;&nbsp; ZZJ5-ALIZ, 31.000%, 11/06/2025 †x#^ | Affirm | 5/09/2024 | 1401 | 1470 | 112 |
| &nbsp;&nbsp;&nbsp; ZZJE-8YT7, 33.990%, 1/22/2027 †§x | Affirm | 2/13/2026 | 167 | 176 | 176 |
| &nbsp;&nbsp;&nbsp; ZZJL-MX9Z, 29.620%, 12/22/2026 †§x | Affirm | 1/16/2026 | 156 | 164 | 166 |
| &nbsp;&nbsp;&nbsp; ZZJL-Z3QP, 35.500%, 10/18/2025 †x#^ | Affirm | 10/24/2024 | 162 | 163 | 13 |
| &nbsp;&nbsp;&nbsp; ZZJQ-M3DP, 35.660%, 1/22/2027 †§x | Affirm | 2/13/2026 | 154 | 153 | 155 |
| &nbsp;&nbsp;&nbsp; ZZJV-7IHO, 33.950%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 20 | 20 | 20 |
| &nbsp;&nbsp;&nbsp; ZZJV-J3AM, 35.300%, 3/20/2026 †x# | Affirm | 3/28/2025 | 317 | 330 | 25 |
| &nbsp;&nbsp;&nbsp; ZZJX-7J46, 35.500%, 6/22/2026 †§x | Affirm | 1/16/2026 | 115 | 112 | 113 |
| &nbsp;&nbsp;&nbsp; ZZK1-4PLU, 24.400%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 108 | 112 | 9 |
| &nbsp;&nbsp;&nbsp; ZZK2-VKDO, 15.830%, 1/22/2027 †§x | Affirm | 2/13/2026 | 195 | 194 | 197 |
| &nbsp;&nbsp;&nbsp; ZZK5-ZBA1, 33.950%, 12/17/2024 †x#^ | Affirm | 6/21/2024 | 97 | 100 | 8 |
| &nbsp;&nbsp;&nbsp; ZZKK-UNH8, 28.000%, 4/24/2024 †x#^ | Affirm | 10/28/2022 | 1104 | 1156 | 88 |
| &nbsp;&nbsp;&nbsp; ZZKS-LWOH, 35.710%, 1/02/2027 †§x | Affirm | 1/29/2025 | 1198 | 1187 | 1198 |
| &nbsp;&nbsp;&nbsp; ZZKZ-NZ44, 6.575%, 7/22/2026 †§x« | Affirm | 2/13/2026 | 81 | 79 | 79 |
| &nbsp;&nbsp;&nbsp; ZZL1-N9B3, 35.640%, 1/22/2027 †§x | Affirm | 2/13/2026 | 360 | 372 | 376 |
| &nbsp;&nbsp;&nbsp; ZZLK-XWFB, 33.990%, 12/22/2026 †§x | Affirm | 1/16/2026 | 366 | 383 | 390 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6077** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 90.83% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ZZLU-1XSI, 33.950%, 3/28/2026 †§x# | Affirm | 3/31/2025 | $137 | $137 | $138 |
| &nbsp;&nbsp;&nbsp; ZZLV-CEBZ, 28.500%, 7/25/2023 †x#^ | Affirm | 7/28/2022 | 775 | 803 | 62 |
| &nbsp;&nbsp;&nbsp; ZZM7-7H8K, 35.640%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 487 | 499 | 39 |
| &nbsp;&nbsp;&nbsp; ZZM9-DX4H, 35.470%, 10/02/2024 †x#^ | Affirm | 10/05/2023 | 254 | 255 | 20 |
| &nbsp;&nbsp;&nbsp; ZZMI-13RG, 29.610%, 12/22/2026 †§x | Affirm | 1/16/2026 | 138 | 145 | 147 |
| &nbsp;&nbsp;&nbsp; ZZN0-EY7F, 35.420%, 4/21/2025 †x#^ | Affirm | 10/24/2024 | 118 | 120 | 9 |
| &nbsp;&nbsp;&nbsp; ZZN5-5J43, 23.400%, 12/19/2026 †§x | Affirm | 12/27/2024 | 485 | 496 | 498 |
| &nbsp;&nbsp;&nbsp; ZZN6-6MFR, 35.520%, 12/19/2026 †§x | Affirm | 1/16/2026 | 85 | 89 | 90 |
| &nbsp;&nbsp;&nbsp; ZZNL-QZ7H, 35.880%, 1/02/2026 †x#^ | Affirm | 1/29/2025 | 72 | 73 | 2 |
| &nbsp;&nbsp;&nbsp; ZZNY-EMXG, 6.494%, 6/22/2026 †§x« | Affirm | 1/16/2026 | 1432 | 1404 | 1397 |
| &nbsp;&nbsp;&nbsp; ZZO9-5S36, 35.700%, 3/03/2026 †§x | Affirm | 3/28/2025 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; ZZOC-SMM1, 29.976%, 4/28/2025 †x#^ | Affirm | 5/02/2024 | 150 | 158 | 12 |
| &nbsp;&nbsp;&nbsp; ZZOQ-GDTQ, 15.840%, 1/22/2027 †§x | Affirm | 2/13/2026 | 104 | 108 | 109 |
| &nbsp;&nbsp;&nbsp; ZZOY-EGGK, 15.850%, 6/22/2026 †§x | Affirm | 1/16/2026 | 59 | 59 | 60 |
| &nbsp;&nbsp;&nbsp; ZZOZ-PZIR, 33.772%, 8/16/2023 †x#^ | Affirm | 2/21/2023 | 35 | 36 | 3 |
| &nbsp;&nbsp;&nbsp; ZZPA-TIV8, 30.950%, 7/22/2026 †§x | Affirm | 2/13/2026 | 279 | 286 | 288 |
| &nbsp;&nbsp;&nbsp; ZZPQ-NVJC, 27.500%, 12/28/2023 †x#^ | Affirm | 1/03/2023 | 1379 | 1442 | 110 |
| &nbsp;&nbsp;&nbsp; ZZQ5-0KME, 22.750%, 4/22/2026 †§x | Affirm | 2/13/2026 | 71 | 72 | 72 |
| &nbsp;&nbsp;&nbsp; ZZQN-GJ1P, 24.400%, 12/19/2026 †§x | Affirm | 12/27/2024 | 521 | 533 | 535 |
| &nbsp;&nbsp;&nbsp; ZZQP-L5OU, 35.450%, 10/28/2026 †§x# | Affirm | 10/31/2024 | 267 | 266 | 267 |
| &nbsp;&nbsp;&nbsp; ZZRA-H15R, 35.550%, 1/06/2026 †x#^ | Affirm | 1/29/2025 | 28 | 29 |  |
| &nbsp;&nbsp;&nbsp; ZZRH-DWR4, 35.620%, 8/10/2026 †§x | Affirm | 2/26/2025 | 113 | 112 | 112 |
| &nbsp;&nbsp;&nbsp; ZZSG-Z9OU, 18.000%, 7/22/2026 †§x | Affirm | 2/13/2026 | 184 | 188 | 189 |
| &nbsp;&nbsp;&nbsp; ZZSN-HJGH, 29.590%, 10/17/2023 †x#^ | Affirm | 10/20/2022 | 250 | 247 | 20 |
| &nbsp;&nbsp;&nbsp; ZZSR-EKCT, 22.560%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 58 | 58 | 57 |
| &nbsp;&nbsp;&nbsp; ZZSS-IT0J, 25.900%, 7/22/2026 †§x | Affirm | 2/13/2026 | 4 | 5 | 4 |
| &nbsp;&nbsp;&nbsp; ZZT2-KP3D, 29.630%, 5/28/2024 †x#^ | Affirm | 12/01/2022 | 160 | 160 | 13 |
| &nbsp;&nbsp;&nbsp; ZZT6-CXE5, 15.790%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 54 | 56 | 4 |
| &nbsp;&nbsp;&nbsp; ZZTA-7V1F, 35.510%, 1/02/2027 †§x# | Affirm | 1/29/2025 | 429 | 426 | 429 |
| &nbsp;&nbsp;&nbsp; ZZTA-HKGD, 35.380%, 12/28/2024 †x#^ | Affirm | 7/03/2023 | 2073 | 2060 | 166 |
| &nbsp;&nbsp;&nbsp; ZZTE-SS2U, 29.420%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 31 | 31 | 31 |
| &nbsp;&nbsp;&nbsp; ZZTM-AP3X, 29.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 48 | 49 | 49 |
| &nbsp;&nbsp;&nbsp; ZZU9-A2E7, 35.900%, 7/02/2026 †x# | Affirm | 1/29/2025 | 206 | 203 | 17 |
| &nbsp;&nbsp;&nbsp; ZZUH-6CYF, 29.620%, 2/20/2026 †x#^ | Affirm | 2/23/2024 | 717 | 749 | 57 |
| &nbsp;&nbsp;&nbsp; ZZUL-KPUX, 29.690%, 7/13/2026 †§x# | Affirm | 1/29/2025 | 116 | 117 | 117 |
| &nbsp;&nbsp;&nbsp; ZZUO-N0SR, 33.950%, 6/22/2026 †§x | Affirm | 1/16/2026 | 68 | 69 | 69 |
| &nbsp;&nbsp;&nbsp; ZZUS-SZIA, 24.400%, 7/02/2026 †§x | Affirm | 1/29/2025 | 136 | 138 | 138 |
| &nbsp;&nbsp;&nbsp; ZZUU-JDY2, 32.000%, 12/28/2025 †x#^ | Affirm | 1/29/2025 | 100 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; ZZV6-8756, 11.920%, 7/02/2026 †§x | Affirm | 1/29/2025 | 988 | 997 | 996 |
| &nbsp;&nbsp;&nbsp; ZZVH-KKOY, 35.710%, 10/01/2025 †x#^ | Affirm | 10/04/2024 | 150 | 150 | 12 |
| &nbsp;&nbsp;&nbsp; ZZVT-U3LC, 32.500%, 10/18/2025 †x#^ | Affirm | 9/23/2024 | 183 | 190 | 15 |
| &nbsp;&nbsp;&nbsp; ZZVU-SXED, 5.762%, 12/22/2026 †§x« | Affirm | 1/16/2026 | 217 | 207 | 206 |
| &nbsp;&nbsp;&nbsp; ZZW1-X1GI, 35.800%, 7/06/2025 †x#^ | Affirm | 1/29/2025 | 20 | 21 | 2 |
| &nbsp;&nbsp;&nbsp; ZZW3-KJSO, 29.440%, 5/06/2026 †§x | Affirm | 5/30/2025 | 298 | 301 | 301 |
| &nbsp;&nbsp;&nbsp; ZZWE-QZJI, 22.730%, 9/28/2025 †x#^ | Affirm | 10/03/2024 | 70 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; ZZWI-2WCF, 29.920%, 7/22/2026 †§x | Affirm | 2/13/2026 | 96 | 98 | 99 |
| &nbsp;&nbsp;&nbsp; ZZWW-JNA0, 11.900%, 8/11/2026 †§x | Affirm | 2/26/2025 | 92 | 93 | 92 |
| &nbsp;&nbsp;&nbsp; ZZXG-D2YI, 35.300%, 12/05/2024 †x#^ | Affirm | 12/08/2023 | 166 | 166 | 13 |
| &nbsp;&nbsp;&nbsp; ZZXH-BYKL, 30.200%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 291 | 293 | 23 |
| &nbsp;&nbsp;&nbsp; ZZXK-O3QC, 35.540%, 12/22/2026 †§x | Affirm | 1/16/2026 | 169 | 177 | 180 |
| &nbsp;&nbsp;&nbsp; ZZXO-04SF, 35.300%, 3/28/2026 †§x# | Affirm | 3/31/2025 | 206 | 206 | 204 |
| &nbsp;&nbsp;&nbsp; ZZY6-WS2X, 33.950%, 8/07/2025 †x#^ | Affirm | 2/26/2025 | 25 | 26 | 2 |
| &nbsp;&nbsp;&nbsp; ZZYI-2F05, 31.500%, 8/07/2026 †§x | Affirm | 8/29/2025 | 511 | 507 | 507 |
| &nbsp;&nbsp;&nbsp; ZZYP-QLGC, 23.400%, 2/11/2027 †§x | Affirm | 2/26/2025 | 355 | 366 | 368 |
| &nbsp;&nbsp;&nbsp; ZZZG-IG1E, 29.560%, 1/04/2025 †x#^ | Affirm | 1/08/2024 | 152 | 160 | 12 |
| &nbsp;&nbsp;&nbsp; ZZZS-2TDE, 29.600%, 7/03/2024 †x#^ | Affirm | 1/06/2023 | 178 | 178 | 14 |
| &nbsp;&nbsp;&nbsp; ZZZT-4W58, 24.500%, 6/28/2026 †§x# | Affirm | 7/07/2023 | 415 | 420 | 420 |
| **Total Consumer Loans** |  |  |  | **1463305670** | **1290650222** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6078** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **Small Business Loans - 4.30%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United Kingdom - 0.18%** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 114489, 11.900%, 7/25/2021 †x#^ | Funding Circle | 7/25/2016 | GBP | 3480 | $4789 | $1407 |
| &nbsp;&nbsp;&nbsp; 117752, 8.300%, 9/07/2021 †x#^ | Funding Circle | 9/07/2016 | GBP | 11321 | 15100 | 4577 |
| &nbsp;&nbsp;&nbsp; 133573, 7.900%, 11/09/2022 †x#^ | Funding Circle | 11/09/2017 | GBP | 36197 | 47592 | 14634 |
| &nbsp;&nbsp;&nbsp; 136787, 8.300%, 10/30/2021 †x#^ | Funding Circle | 8/31/2016 | GBP | 619 | 812 | 250 |
| &nbsp;&nbsp;&nbsp; 137841, 14.100%, 8/30/2021 †x#^ | Funding Circle | 8/31/2016 | GBP | 3932 | 5410 | 1590 |
| &nbsp;&nbsp;&nbsp; 144749, 9.000%, 6/19/2022 †x#^ | Funding Circle | 6/19/2017 | GBP | 5255 | 6692 | 2125 |
| &nbsp;&nbsp;&nbsp; 145473, 14.100%, 10/11/2021 †x#^ | Funding Circle | 10/11/2016 | GBP | 6774 | 9322 | 2739 |
| &nbsp;&nbsp;&nbsp; 149168, 13.500%, 1/26/2022 †x#^ | Funding Circle | 1/26/2017 | GBP | 2398 | 3019 | 970 |
| &nbsp;&nbsp;&nbsp; 150824, 11.900%, 10/30/2021 †x#^ | Funding Circle | 10/31/2016 | GBP | 152 | 186 | 62 |
| &nbsp;&nbsp;&nbsp; 151628, 11.900%, 11/03/2021 †x#^ | Funding Circle | 11/03/2016 | GBP | 4653 | 5798 | 1881 |
| &nbsp;&nbsp;&nbsp; 154010, 9.000%, 11/28/2021 †x#^ | Funding Circle | 11/28/2016 | GBP | 36277 | 49923 | 14667 |
| &nbsp;&nbsp;&nbsp; 154357, 10.500%, 11/18/2021 †x#^ | Funding Circle | 11/18/2016 | GBP | 1246 | 1539 | 504 |
| &nbsp;&nbsp;&nbsp; 155675, 13.500%, 12/16/2021 †x#^ | Funding Circle | 12/16/2016 | GBP | 5692 | 7105 | 2301 |
| &nbsp;&nbsp;&nbsp; 156333, 13.500%, 11/29/2021 †x#^ | Funding Circle | 11/29/2016 | GBP | 227 | 284 | 92 |
| &nbsp;&nbsp;&nbsp; 157046, 9.000%, 12/05/2021 †x#^ | Funding Circle | 12/05/2016 | GBP | 2100 | 2672 | 849 |
| &nbsp;&nbsp;&nbsp; 157520, 10.500%, 3/10/2022 †x#^ | Funding Circle | 1/10/2017 | GBP | 1355 | 1679 | 548 |
| &nbsp;&nbsp;&nbsp; 157718, 13.500%, 4/24/2022 †x#^ | Funding Circle | 4/24/2017 | GBP | 5346 | 6838 | 2162 |
| &nbsp;&nbsp;&nbsp; 158247, 10.500%, 1/17/2022 †x#^ | Funding Circle | 1/17/2017 | GBP | 4386 | 5438 | 1773 |
| &nbsp;&nbsp;&nbsp; 159460, 7.500%, 3/23/2022 †x#^ | Funding Circle | 1/23/2017 | GBP | 1850 | 2313 | 748 |
| &nbsp;&nbsp;&nbsp; 160524, 13.500%, 1/19/2022 †x#^ | Funding Circle | 1/19/2017 | GBP | 9232 | 11382 | 3733 |
| &nbsp;&nbsp;&nbsp; 161405, 13.500%, 1/10/2022 †x#^ | Funding Circle | 1/10/2017 | GBP | 6718 | 8176 | 2716 |
| &nbsp;&nbsp;&nbsp; 161430, 13.500%, 5/24/2022 †x#^ | Funding Circle | 5/24/2017 | GBP | 4199 | 5443 | 1260 |
| &nbsp;&nbsp;&nbsp; 162653, 13.500%, 1/05/2022 †x#^ | Funding Circle | 1/05/2017 | GBP | 434 | 593 | 175 |
| &nbsp;&nbsp;&nbsp; 163400, 10.500%, 1/13/2022 †x#^ | Funding Circle | 1/13/2017 | GBP | 12656 | 17417 | 5117 |
| &nbsp;&nbsp;&nbsp; 164624, 7.500%, 1/20/2022 †x#^ | Funding Circle | 1/20/2017 | GBP | 8809 | 12123 | 3562 |
| &nbsp;&nbsp;&nbsp; 165017, 9.000%, 1/19/2022 †x#^ | Funding Circle | 1/19/2017 | GBP | 22570 | 31059 | 9125 |
| &nbsp;&nbsp;&nbsp; 165766, 10.500%, 1/28/2022 †x#^ | Funding Circle | 1/31/2017 | GBP | 899 | 1131 | 363 |
| &nbsp;&nbsp;&nbsp; 166262, 10.500%, 2/07/2022 †x#^ | Funding Circle | 2/07/2017 | GBP | 1679 | 2101 | 679 |
| &nbsp;&nbsp;&nbsp; 166331, 9.000%, 1/28/2022 †x#^ | Funding Circle | 1/30/2017 | GBP | 9684 | 13327 | 3915 |
| &nbsp;&nbsp;&nbsp; 166423, 12.900%, 1/27/2021 †x#^ | Funding Circle | 1/27/2017 | GBP | 1554 | 2139 | 628 |
| &nbsp;&nbsp;&nbsp; 166748, 10.500%, 1/26/2022 †x#^ | Funding Circle | 1/26/2017 | GBP | 1679 | 2114 | 679 |
| &nbsp;&nbsp;&nbsp; 167085, 13.500%, 1/26/2022 †x#^ | Funding Circle | 1/26/2017 | GBP | 20939 | 26359 | 8466 |
| &nbsp;&nbsp;&nbsp; 167089, 10.500%, 1/27/2022 †x#^ | Funding Circle | 1/27/2017 | GBP | 10944 | 13739 | 4425 |
| &nbsp;&nbsp;&nbsp; 167148, 10.500%, 1/27/2022 †x#^ | Funding Circle | 1/27/2017 | GBP | 6462 | 8112 | 2612 |
| &nbsp;&nbsp;&nbsp; 167579, 9.000%, 1/28/2022 †x#^ | Funding Circle | 1/30/2017 | GBP | 2131 | 2661 | 862 |
| &nbsp;&nbsp;&nbsp; 169017, 7.500%, 2/02/2022 †x#^ | Funding Circle | 2/02/2017 | GBP | 1689 | 2324 | 683 |
| &nbsp;&nbsp;&nbsp; 171371, 10.500%, 2/21/2022 †x#^ | Funding Circle | 2/21/2017 | GBP | 7416 | 10206 | 2998 |
| &nbsp;&nbsp;&nbsp; 172439, 7.500%, 4/15/2022 †x#^ | Funding Circle | 2/15/2017 | GBP | 982 | 1223 | 397 |
| &nbsp;&nbsp;&nbsp; 178832, 13.500%, 3/30/2022 †x#^ | Funding Circle | 3/31/2017 | GBP | 18639 | 23352 | 7536 |
| &nbsp;&nbsp;&nbsp; 179947, 10.500%, 3/28/2022 †x#^ | Funding Circle | 3/28/2017 | GBP | 63794 | 87791 | 25792 |
| &nbsp;&nbsp;&nbsp; 180946, 21.900%, 3/29/2022 †x#^ | Funding Circle | 3/29/2017 | GBP | 287 | 357 | 116 |
| &nbsp;&nbsp;&nbsp; 183931, 13.500%, 4/10/2022 †x#^ | Funding Circle | 4/10/2017 | GBP | 7349 | 9121 | 2971 |
| &nbsp;&nbsp;&nbsp; 184402, 7.500%, 7/11/2022 †x#^ | Funding Circle | 5/11/2017 | GBP | 7114 | 9171 | 2876 |
| &nbsp;&nbsp;&nbsp; 184694, 7.000%, 4/10/2021 †x#^ | Funding Circle | 4/10/2017 | GBP | 2903 | 3604 | 1174 |
| &nbsp;&nbsp;&nbsp; 186571, 7.500%, 4/26/2022 †x#^ | Funding Circle | 4/26/2017 | GBP | 12833 | 16492 | 5189 |
| &nbsp;&nbsp;&nbsp; 190593, 17.500%, 6/06/2021 †x#^ | Funding Circle | 6/06/2017 | GBP | 4498 | 5806 | 1819 |
| &nbsp;&nbsp;&nbsp; 190987, 7.500%, 5/12/2022 †x#^ | Funding Circle | 5/12/2017 | GBP | 1078 | 1389 | 436 |
| &nbsp;&nbsp;&nbsp; 191626, 7.500%, 5/24/2022 †x#^ | Funding Circle | 5/24/2017 | GBP | 28188 | 36601 | 11396 |
| &nbsp;&nbsp;&nbsp; 191860, 10.500%, 5/25/2022 †x#^ | Funding Circle | 5/25/2017 | GBP | 638 | 825 | 258 |
| &nbsp;&nbsp;&nbsp; 195909, 17.900%, 8/16/2022 †x#^ | Funding Circle | 6/16/2017 | GBP | 686 | 877 | 277 |
| &nbsp;&nbsp;&nbsp; 196957, 10.500%, 6/15/2022 †x#^ | Funding Circle | 6/15/2017 | GBP | 2799 | 3571 | 1131 |
| &nbsp;&nbsp;&nbsp; 198130, 7.500%, 6/21/2022 †x#^ | Funding Circle | 6/21/2017 | GBP | 20336 | 25755 | 8222 |
| &nbsp;&nbsp;&nbsp; 198940, 10.500%, 7/13/2022 †x#^ | Funding Circle | 7/13/2017 | GBP | 27129 | 35119 | 10968 |
| &nbsp;&nbsp;&nbsp; 201013, 7.500%, 7/07/2022 †x#^ | Funding Circle | 7/07/2017 | GBP | 26518 | 34177 | 10721 |
| &nbsp;&nbsp;&nbsp; 203110, 13.500%, 7/21/2022 †x#^ | Funding Circle | 7/21/2017 | GBP | 7857 | 10211 | 3177 |
| &nbsp;&nbsp;&nbsp; 203567, 10.500%, 7/17/2022 †x#^ | Funding Circle | 7/17/2017 | GBP | 4193 | 5475 | 1695 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6079** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United Kingdom - 0.18% (continued)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 204098, 7.500%, 7/21/2022 †x#^ | Funding Circle | 7/21/2017 | GBP | 8834 | $11480 | $3572 |
| &nbsp;&nbsp;&nbsp; 204268, 7.500%, 8/04/2022 †x#^ | Funding Circle | 8/04/2017 | GBP | 6898 | 9493 | 2789 |
| &nbsp;&nbsp;&nbsp; 204353, 13.500%, 7/31/2022 †x#^ | Funding Circle | 7/31/2017 | GBP | 2294 | 3027 | 928 |
| &nbsp;&nbsp;&nbsp; 206167, 10.500%, 8/11/2022 †x#^ | Funding Circle | 8/11/2017 | GBP | 43076 | 56066 | 17415 |
| &nbsp;&nbsp;&nbsp; 206937, 21.900%, 11/15/2022 †x#^ | Funding Circle | 8/15/2017 | GBP | 143 | 184 | 58 |
| &nbsp;&nbsp;&nbsp; 207258, 7.500%, 8/04/2022 †x#^ | Funding Circle | 8/04/2017 | GBP | 2529 | 3299 | 1022 |
| &nbsp;&nbsp;&nbsp; 210691, 13.500%, 10/27/2022 †x#^ | Funding Circle | 9/27/2017 | GBP | 4481 | 6002 | 1812 |
| &nbsp;&nbsp;&nbsp; 210891, 7.500%, 9/25/2022 †x#^ | Funding Circle | 9/25/2017 | GBP | 7873 | 10835 | 3183 |
| &nbsp;&nbsp;&nbsp; 212170, 7.900%, 9/06/2022 †x#^ | Funding Circle | 9/06/2017 | GBP | 37179 | 48480 | 15032 |
| &nbsp;&nbsp;&nbsp; 213364, 7.900%, 10/26/2022 †x#^ | Funding Circle | 10/26/2017 | GBP | 9943 | 13076 | 4020 |
| &nbsp;&nbsp;&nbsp; 214196, 10.500%, 9/19/2022 †x#^ | Funding Circle | 9/19/2017 | GBP | 6066 | 8348 | 2453 |
| &nbsp;&nbsp;&nbsp; 214245, 17.900%, 10/04/2022 †x#^ | Funding Circle | 10/04/2017 | GBP | 4277 | 5668 | 1729 |
| &nbsp;&nbsp;&nbsp; 214334, 17.900%, 9/19/2022 †x#^ | Funding Circle | 9/19/2017 | GBP | 1565 | 2116 | 633 |
| &nbsp;&nbsp;&nbsp; 214498, 7.900%, 1/19/2023 †x#^ | Funding Circle | 9/19/2017 | GBP | 23044 | 31175 | 9317 |
| &nbsp;&nbsp;&nbsp; 214896, 7.900%, 9/18/2022 †x#^ | Funding Circle | 9/18/2017 | GBP | 89848 | 123645 | 36325 |
| &nbsp;&nbsp;&nbsp; 216671, 7.900%, 10/12/2022 †x#^ | Funding Circle | 10/12/2017 | GBP | 1961 | 2601 | 793 |
| &nbsp;&nbsp;&nbsp; 216792, 10.500%, 9/25/2022 †x#^ | Funding Circle | 9/25/2017 | GBP | 818 | 1102 | 331 |
| &nbsp;&nbsp;&nbsp; 217298, 7.900%, 11/27/2022 †x#^ | Funding Circle | 9/27/2017 | GBP | 3511 | 4702 | 1419 |
| &nbsp;&nbsp;&nbsp; 219486, 7.900%, 11/30/2022 †x#^ | Funding Circle | 11/30/2017 | GBP | 12273 | 16598 | 4962 |
| &nbsp;&nbsp;&nbsp; 219594, 10.500%, 10/19/2022 †x#^ | Funding Circle | 10/19/2017 | GBP | 1481 | 1949 | 599 |
| &nbsp;&nbsp;&nbsp; 220230, 5.900%, 12/06/2022 †x#^ | Funding Circle | 10/06/2017 | GBP | 11224 | 15445 | 4538 |
| &nbsp;&nbsp;&nbsp; 221086, 21.600%, 10/19/2021 †x#^ | Funding Circle | 10/19/2017 | GBP | 10247 | 13485 | 4143 |
| &nbsp;&nbsp;&nbsp; 221149, 17.900%, 10/12/2022 †x#^ | Funding Circle | 10/12/2017 | GBP | 4920 | 6526 | 1989 |
| &nbsp;&nbsp;&nbsp; 221584, 10.500%, 10/20/2022 †x#^ | Funding Circle | 10/20/2017 | GBP | 9766 | 12877 | 3948 |
| &nbsp;&nbsp;&nbsp; 221764, 10.500%, 10/11/2022 †x#^ | Funding Circle | 10/11/2017 | GBP | 2695 | 3708 | 1090 |
| &nbsp;&nbsp;&nbsp; 221956, 13.500%, 10/20/2022 †x#^ | Funding Circle | 10/20/2017 | GBP | 20493 | 28202 | 8285 |
| &nbsp;&nbsp;&nbsp; 222106, 10.500%, 10/12/2022 †x#^ | Funding Circle | 10/12/2017 | GBP | 1818 | 2500 | 735 |
| &nbsp;&nbsp;&nbsp; 223262, 13.500%, 11/13/2022 †x#^ | Funding Circle | 11/13/2017 | GBP | 8578 | 11255 | 3468 |
| &nbsp;&nbsp;&nbsp; 224983, 13.500%, 12/25/2022 †x#^ | Funding Circle | 10/25/2017 | GBP | 1729 | 2291 | 699 |
| &nbsp;&nbsp;&nbsp; 225252, 17.900%, 11/28/2022 †x#^ | Funding Circle | 11/28/2017 | GBP | 3152 | 4209 | 1274 |
| &nbsp;&nbsp;&nbsp; 225799, 10.500%, 11/17/2022 †x#^ | Funding Circle | 11/17/2017 | GBP | 7018 | 9276 | 2837 |
| &nbsp;&nbsp;&nbsp; 226489, 7.900%, 11/13/2022 †x#^ | Funding Circle | 11/13/2017 | GBP | 1123 | 1474 | 454 |
| &nbsp;&nbsp;&nbsp; 226505, 10.500%, 11/14/2022 †x#^ | Funding Circle | 11/14/2017 | GBP | 21973 | 28946 | 8884 |
| &nbsp;&nbsp;&nbsp; 227889, 21.600%, 1/08/2022 †x#^ | Funding Circle | 11/08/2017 | GBP | 44 | 57 | 18 |
| &nbsp;&nbsp;&nbsp; 229803, 21.900%, 11/17/2022 †x#^ | Funding Circle | 11/17/2017 | GBP | 30338 | 40099 | 12265 |
| &nbsp;&nbsp;&nbsp; 229820, 7.900%, 11/13/2022 †x#^ | Funding Circle | 11/13/2017 | GBP | 2978 | 3907 | 1204 |
| &nbsp;&nbsp;&nbsp; 232450, 13.200%, 11/30/2021 †x#^ | Funding Circle | 11/30/2017 | GBP | 10247 | 13858 | 4143 |
| &nbsp;&nbsp;&nbsp; 232622, 13.500%, 1/29/2023 †x#^ | Funding Circle | 11/29/2017 | GBP | 2158 | 2894 | 872 |
| &nbsp;&nbsp;&nbsp; 233056, 8.900%, 2/08/2023 †x#^ | Funding Circle | 2/08/2018 | GBP | 8848 | 12300 | 3577 |
| &nbsp;&nbsp;&nbsp; 233157, 7.900%, 1/28/2023 †x#^ | Funding Circle | 11/28/2017 | GBP | 5968 | 7969 | 2413 |
| &nbsp;&nbsp;&nbsp; 233318, 17.900%, 11/24/2022 †x#^ | Funding Circle | 11/24/2017 | GBP | 1323 | 1764 | 535 |
| &nbsp;&nbsp;&nbsp; 233879, 21.900%, 12/08/2022 †x#^ | Funding Circle | 12/08/2017 | GBP | 5297 | 7092 | 2142 |
| &nbsp;&nbsp;&nbsp; 235133, 17.900%, 12/07/2022 †x#^ | Funding Circle | 12/07/2017 | GBP | 49044 | 66095 | 19828 |
| &nbsp;&nbsp;&nbsp; 235753, 10.500%, 12/06/2022 †x#^ | Funding Circle | 12/06/2017 | GBP | 910 | 1219 | 368 |
| &nbsp;&nbsp;&nbsp; 235889, 17.900%, 12/07/2022 †x#^ | Funding Circle | 12/07/2017 | GBP | 1956 | 2635 | 791 |
| &nbsp;&nbsp;&nbsp; 235965, 7.900%, 12/11/2022 †x#^ | Funding Circle | 12/11/2017 | GBP | 12148 | 16203 | 4911 |
| &nbsp;&nbsp;&nbsp; 242221, 10.500%, 1/16/2023 †x#^ | Funding Circle | 1/16/2018 | GBP | 8038 | 11087 | 3250 |
| &nbsp;&nbsp;&nbsp; 244896, 9.500%, 2/07/2023 †x#^ | Funding Circle | 2/07/2018 | GBP | 2599 | 3607 | 1051 |
| &nbsp;&nbsp;&nbsp; 247345, 15.900%, 2/07/2023 †x#^ | Funding Circle | 2/07/2018 | GBP | 3147 | 4368 | 1272 |
| &nbsp;&nbsp;&nbsp; 247364, 9.500%, 7/22/2023 †x#^ | Funding Circle | 5/22/2018 | GBP | 28898 | 38824 | 11683 |
| &nbsp;&nbsp;&nbsp; 248401, 11.500%, 4/30/2023 †x#^ | Funding Circle | 4/30/2018 | GBP | 10950 | 15074 | 4427 |
| &nbsp;&nbsp;&nbsp; 250845, 6.900%, 2/23/2023 †x#^ | Funding Circle | 2/23/2018 | GBP | 44996 | 62842 | 18192 |
| &nbsp;&nbsp;&nbsp; 250889, 11.500%, 2/26/2023 †x#^ | Funding Circle | 2/26/2018 | GBP | 25941 | 36223 | 10488 |
| &nbsp;&nbsp;&nbsp; 251315, 19.900%, 3/16/2023 †x#^ | Funding Circle | 3/16/2018 | GBP | 9237 | 12880 | 3734 |
| &nbsp;&nbsp;&nbsp; 251764, 19.900%, 4/09/2023 †x#^ | Funding Circle | 4/09/2018 | GBP | 32309 | 45650 | 13063 |
| &nbsp;&nbsp;&nbsp; 251986, 19.900%, 2/23/2023 †x#^ | Funding Circle | 2/23/2018 | GBP | 9436 | 13178 | 3815 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6080** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United Kingdom - 0.18% (continued)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 252158, 19.900%, 2/23/2023 †x#^ | Funding Circle | 2/23/2018 | GBP | 6989 | $9618 | $2826 |
| &nbsp;&nbsp;&nbsp; 252188, 23.900%, 2/22/2023 †x#^ | Funding Circle | 2/22/2018 | GBP | 5336 | 7444 | 2157 |
| &nbsp;&nbsp;&nbsp; 252492, 15.500%, 2/22/2023 †x#^ | Funding Circle | 2/22/2018 | GBP | 22778 | 31346 | 9209 |
| &nbsp;&nbsp;&nbsp; 256326, 9.500%, 3/14/2023 †x#^ | Funding Circle | 3/14/2018 | GBP | 80267 | 112118 | 32452 |
| &nbsp;&nbsp;&nbsp; 260801, 9.500%, 3/29/2023 †x#^ | Funding Circle | 3/29/2018 | GBP | 51852 | 72749 | 20964 |
| &nbsp;&nbsp;&nbsp; 263493, 8.900%, 5/04/2023 †x#^ | Funding Circle | 5/04/2018 | GBP | 19008 | 26159 | 7685 |
| &nbsp;&nbsp;&nbsp; 263910, 13.500%, 5/23/2023 †x#^ | Funding Circle | 5/23/2018 | GBP | 20302 | 27114 | 8208 |
| &nbsp;&nbsp;&nbsp; 264777, 8.900%, 4/09/2023 †x#^ | Funding Circle | 4/09/2018 | GBP | 31234 | 44130 | 12628 |
| &nbsp;&nbsp;&nbsp; 264953, 9.500%, 4/12/2023 †x#^ | Funding Circle | 4/12/2018 | GBP | 3171 | 4511 | 1282 |
| &nbsp;&nbsp;&nbsp; 266350, 15.500%, 4/19/2023 †x#^ | Funding Circle | 4/19/2018 | GBP | 903 | 1272 | 365 |
| &nbsp;&nbsp;&nbsp; 267657, 21.900%, 5/17/2023 †x#^ | Funding Circle | 5/17/2018 | GBP | 4810 | 6498 | 1945 |
| &nbsp;&nbsp;&nbsp; 268907, 6.900%, 4/30/2023 †x#^ | Funding Circle | 4/30/2018 | GBP | 26159 | 35997 | 10576 |
| &nbsp;&nbsp;&nbsp; 269241, 19.900%, 6/30/2023 †x#^ | Funding Circle | 4/30/2018 | GBP | 6445 | 8873 | 2606 |
| &nbsp;&nbsp;&nbsp; 269811, 6.900%, 4/27/2023 †x#^ | Funding Circle | 4/27/2018 | GBP | 1725 | 2378 | 698 |
| &nbsp;&nbsp;&nbsp; 270076, 9.500%, 4/27/2023 †x#^ | Funding Circle | 4/27/2018 | GBP | 1803 | 2485 | 729 |
| &nbsp;&nbsp;&nbsp; 270777, 17.900%, 6/07/2023 †x#^ | Funding Circle | 6/07/2018 | GBP | 6904 | 6904 | 2791 |
| &nbsp;&nbsp;&nbsp; 270967, 7.900%, 5/18/2023 †x#^ | Funding Circle | 5/18/2018 | GBP | 18984 | 25586 | 7675 |
| &nbsp;&nbsp;&nbsp; 272261, 7.600%, 6/18/2022 †x#^ | Funding Circle | 5/18/2018 | GBP | 280 | 378 | 113 |
| &nbsp;&nbsp;&nbsp; 272780, 17.900%, 5/22/2023 †x#^ | Funding Circle | 5/22/2018 | GBP | 12299 | 16926 | 4973 |
| &nbsp;&nbsp;&nbsp; 272902, 7.900%, 7/27/2023 †x#^ | Funding Circle | 7/27/2018 | GBP | 9333 | 12236 | 3773 |
| &nbsp;&nbsp;&nbsp; 273352, 10.500%, 7/17/2023 †x#^ | Funding Circle | 5/17/2018 | GBP | 11244 | 15190 | 4546 |
| &nbsp;&nbsp;&nbsp; 275627, 10.500%, 5/24/2023 †x#^ | Funding Circle | 5/24/2018 | GBP | 10013 | 13400 | 4048 |
| &nbsp;&nbsp;&nbsp; 276131, 17.900%, 5/23/2023 †x#^ | Funding Circle | 5/23/2018 | GBP | 8986 | 12001 | 3633 |
| &nbsp;&nbsp;&nbsp; 276372, 7.900%, 5/25/2023 †x#^ | Funding Circle | 5/25/2018 | GBP | 10783 | 14357 | 4360 |
| &nbsp;&nbsp;&nbsp; 280804, 7.900%, 6/28/2023 †x#^ | Funding Circle | 6/28/2018 | GBP | 13932 | 18214 | 5632 |
| &nbsp;&nbsp;&nbsp; 281504, 10.500%, 6/13/2023 †x#^ | Funding Circle | 6/13/2018 | GBP | 6304 | 8433 | 2549 |
| &nbsp;&nbsp;&nbsp; 283571, 10.500%, 7/05/2023 †x#^ | Funding Circle | 7/05/2018 | GBP | 70288 | 96728 | 28417 |
| &nbsp;&nbsp;&nbsp; 284688, 7.900%, 7/11/2023 †x#^ | Funding Circle | 7/11/2018 | GBP | 61901 | 83877 | 25026 |
| &nbsp;&nbsp;&nbsp; 285214, 7.900%, 7/11/2023 †x#^ | Funding Circle | 7/11/2018 | GBP | 89052 | 122549 | 36003 |
| &nbsp;&nbsp;&nbsp; 285755, 10.500%, 7/04/2023 †x#^ | Funding Circle | 7/04/2018 | GBP | 10338 | 13682 | 4180 |
| &nbsp;&nbsp;&nbsp; 287153, 7.600%, 7/20/2022 †x#^ | Funding Circle | 7/20/2018 | GBP | 11032 | 14491 | 4460 |
| &nbsp;&nbsp;&nbsp; 287570, 7.900%, 7/25/2023 †x#^ | Funding Circle | 7/25/2018 | GBP | 4126 | 5444 | 1668 |
| &nbsp;&nbsp;&nbsp; 288452, 7.900%, 7/09/2023 †x#^ | Funding Circle | 7/09/2018 | GBP | 15000 | 20642 | 6064 |
| &nbsp;&nbsp;&nbsp; 289210, 5.600%, 7/10/2022 †x#^ | Funding Circle | 7/10/2018 | GBP | 4327 | 5743 | 1749 |
| &nbsp;&nbsp;&nbsp; 289669, 5.900%, 9/09/2023 †x#^ | Funding Circle | 7/09/2018 | GBP | 12360 | 16377 | 4997 |
| &nbsp;&nbsp;&nbsp; 291877, 8.900%, 10/25/2023 †x#^ | Funding Circle | 10/25/2018 | GBP | 24444 | 33639 | 9883 |
| &nbsp;&nbsp;&nbsp; 293121, 8.900%, 1/10/2024 †x#^ | Funding Circle | 9/10/2018 | GBP | 58856 | 76678 | 23795 |
| &nbsp;&nbsp;&nbsp; 293882, 17.900%, 8/02/2023 †x#^ | Funding Circle | 8/02/2018 | GBP | 7227 | 9409 | 2922 |
| &nbsp;&nbsp;&nbsp; 293991, 12.900%, 11/19/2023 †x#^ | Funding Circle | 11/19/2018 | GBP | 5678 | 7297 | 2296 |
| &nbsp;&nbsp;&nbsp; 295885, 13.900%, 8/06/2023 †x#^ | Funding Circle | 8/06/2018 | GBP | 2916 | 3774 | 1179 |
| &nbsp;&nbsp;&nbsp; 296242, 7.900%, 12/16/2023 †x#^ | Funding Circle | 8/16/2018 | GBP | 54356 | 69127 | 21976 |
| &nbsp;&nbsp;&nbsp; 296369, 11.900%, 8/01/2023 †x#^ | Funding Circle | 8/01/2018 | GBP | 7125 | 9351 | 2880 |
| &nbsp;&nbsp;&nbsp; 296373, 11.900%, 8/02/2023 †x#^ | Funding Circle | 8/02/2018 | GBP | 4187 | 5761 | 1693 |
| &nbsp;&nbsp;&nbsp; 303759, 17.600%, 9/06/2022 †x#^ | Funding Circle | 9/06/2018 | GBP | 1126 | 1455 | 455 |
| &nbsp;&nbsp;&nbsp; 304076, 24.900%, 10/30/2023 †x#^ | Funding Circle | 10/31/2018 | GBP | 12750 | 16299 | 5155 |
| &nbsp;&nbsp;&nbsp; 304442, 7.900%, 1/19/2024 †x#^ | Funding Circle | 9/19/2018 | GBP | 28963 | 38064 | 11709 |
| &nbsp;&nbsp;&nbsp; 305161, 6.300%, 9/07/2021 †x#^ | Funding Circle | 9/07/2018 | GBP | 28078 | 38632 | 11352 |
| &nbsp;&nbsp;&nbsp; 305320, 14.900%, 9/12/2023 †x#^ | Funding Circle | 9/12/2018 | GBP | 2182 | 2848 | 882 |
| &nbsp;&nbsp;&nbsp; 305333, 9.900%, 9/11/2023 †x#^ | Funding Circle | 9/11/2018 | GBP | 1933 | 2516 | 781 |
| &nbsp;&nbsp;&nbsp; 306352, 13.500%, 9/11/2023 †x#^ | Funding Circle | 9/11/2018 | GBP | 2544 | 3312 | 1029 |
| &nbsp;&nbsp;&nbsp; 306593, 7.900%, 9/17/2023 †x#^ | Funding Circle | 9/17/2018 | GBP | 43802 | 57647 | 17709 |
| &nbsp;&nbsp;&nbsp; 307365, 17.300%, 10/18/2021 †x#^ | Funding Circle | 10/18/2018 | GBP | 3964 | 5161 | 1603 |
| &nbsp;&nbsp;&nbsp; 307424, 11.900%, 9/18/2023 †x#^ | Funding Circle | 9/18/2018 | GBP | 43663 | 57386 | 17653 |
| &nbsp;&nbsp;&nbsp; 308106, 23.900%, 9/24/2023 †x#^ | Funding Circle | 9/24/2018 | GBP | 13151 | 17244 | 5317 |
| &nbsp;&nbsp;&nbsp; 308801, 12.900%, 10/08/2023 †x#^ | Funding Circle | 10/08/2018 | GBP | 196705 | 257586 | 79527 |
| &nbsp;&nbsp;&nbsp; 312709, 11.900%, 10/04/2023 †x#^ | Funding Circle | 10/04/2018 | GBP | 38341 | 49931 | 15501 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6081** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United Kingdom - 0.18% (continued)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 312922, 4.600%, 10/18/2022 †x#^ | Funding Circle | 10/18/2018 | GBP | 5877 | $8087 | $2376 |
| &nbsp;&nbsp;&nbsp; 313000, 7.900%, 12/18/2023 †x#^ | Funding Circle | 10/18/2018 | GBP | 16180 | 21067 | 6542 |
| &nbsp;&nbsp;&nbsp; 313167, 9.600%, 10/05/2022 †x#^ | Funding Circle | 10/05/2018 | GBP | 5409 | 7094 | 2187 |
| &nbsp;&nbsp;&nbsp; 313272, 11.900%, 12/09/2023 †x#^ | Funding Circle | 10/09/2018 | GBP | 27749 | 36496 | 11219 |
| &nbsp;&nbsp;&nbsp; 313299, 8.900%, 2/29/2024 †x#^ | Funding Circle | 10/31/2018 | GBP | 187880 | 240148 | 75959 |
| &nbsp;&nbsp;&nbsp; 313578, 9.900%, 10/15/2023 †x#^ | Funding Circle | 10/15/2018 | GBP | 13338 | 17545 | 5393 |
| &nbsp;&nbsp;&nbsp; 313715, 23.900%, 10/05/2023 †x#^ | Funding Circle | 10/05/2018 | GBP | 3241 | 4251 | 1311 |
| &nbsp;&nbsp;&nbsp; 313952, 9.900%, 10/16/2023 †x#^ | Funding Circle | 10/16/2018 | GBP | 2243 | 2958 | 907 |
| &nbsp;&nbsp;&nbsp; 313966, 13.900%, 10/18/2023 †x#^ | Funding Circle | 10/18/2018 | GBP | 6158 | 8025 | 2490 |
| &nbsp;&nbsp;&nbsp; 314510, 13.500%, 10/25/2023 †x#^ | Funding Circle | 10/25/2018 | GBP | 127271 | 175145 | 51455 |
| &nbsp;&nbsp;&nbsp; 315529, 25.500%, 10/12/2021 †x#^ | Funding Circle | 10/12/2018 | GBP | 7525 | 10356 | 3042 |
| &nbsp;&nbsp;&nbsp; 315906, 10.500%, 12/18/2023 †x#^ | Funding Circle | 10/18/2018 | GBP | 98823 | 135996 | 39954 |
| &nbsp;&nbsp;&nbsp; 316530, 12.600%, 1/15/2023 †x#^ | Funding Circle | 11/15/2018 | GBP | 6704 | 9225 | 2710 |
| &nbsp;&nbsp;&nbsp; 316642, 17.900%, 10/18/2023 †x#^ | Funding Circle | 10/18/2018 | GBP | 2037 | 2652 | 823 |
| &nbsp;&nbsp;&nbsp; 316863, 21.900%, 10/25/2023 †x#^ | Funding Circle | 10/25/2018 | GBP | 19257 | 24681 | 7786 |
| &nbsp;&nbsp;&nbsp; 317387, 9.900%, 1/04/2024 †x#^ | Funding Circle | 1/04/2019 | GBP | 136413 | 173741 | 55151 |
| &nbsp;&nbsp;&nbsp; 317464, 14.900%, 10/29/2023 †x#^ | Funding Circle | 10/29/2018 | GBP | 39548 | 50634 | 15989 |
| &nbsp;&nbsp;&nbsp; 317579, 19.900%, 10/29/2023 †x#^ | Funding Circle | 10/29/2018 | GBP | 2797 | 3581 | 1131 |
| &nbsp;&nbsp;&nbsp; 317730, 8.900%, 10/25/2023 †x#^ | Funding Circle | 10/25/2018 | GBP | 5701 | 7307 | 2305 |
| &nbsp;&nbsp;&nbsp; 317951, 16.900%, 10/30/2023 †x#^ | Funding Circle | 10/31/2018 | GBP | 1140 | 1458 | 461 |
| &nbsp;&nbsp;&nbsp; 318271, 11.300%, 10/30/2021 †x#^ | Funding Circle | 10/30/2018 | GBP | 12411 | 15771 | 5018 |
| &nbsp;&nbsp;&nbsp; 318273, 9.900%, 10/25/2023 †x#^ | Funding Circle | 10/25/2018 | GBP | 53005 | 67932 | 21430 |
| &nbsp;&nbsp;&nbsp; 318436, 3.900%, 10/22/2023 †x#^ | Funding Circle | 10/22/2018 | GBP | 27502 | 37845 | 11119 |
| &nbsp;&nbsp;&nbsp; 318684, 14.900%, 11/05/2023 †x#^ | Funding Circle | 11/05/2018 | GBP | 7703 | 10045 | 3114 |
| &nbsp;&nbsp;&nbsp; 319340, 4.900%, 11/15/2023 †x#^ | Funding Circle | 11/15/2018 | GBP | 40841 | 52195 | 16512 |
| &nbsp;&nbsp;&nbsp; 319964, 9.900%, 10/30/2023 †x#^ | Funding Circle | 10/30/2018 | GBP | 7756 | 9857 | 3136 |
| &nbsp;&nbsp;&nbsp; 320606, 17.900%, 10/30/2023 †x#^ | Funding Circle | 10/31/2018 | GBP | 9655 | 12341 | 3904 |
| &nbsp;&nbsp;&nbsp; 321225, 9.900%, 12/30/2023 †x#^ | Funding Circle | 10/31/2018 | GBP | 1997 | 2553 | 808 |
| &nbsp;&nbsp;&nbsp; 321381, 8.900%, 3/01/2024 †x#^ | Funding Circle | 11/01/2018 | GBP | 21527 | 28007 | 8703 |
| &nbsp;&nbsp;&nbsp; 323452, 8.900%, 11/19/2023 †x#^ | Funding Circle | 11/19/2018 | GBP | 11688 | 16085 | 4725 |
| &nbsp;&nbsp;&nbsp; 324210, 15.900%, 11/15/2023 †x#^ | Funding Circle | 11/15/2018 | GBP | 10797 | 13798 | 4365 |
| &nbsp;&nbsp;&nbsp; 324357, 12.900%, 1/21/2024 †x#^ | Funding Circle | 11/21/2018 | GBP | 10040 | 12826 | 4059 |
| &nbsp;&nbsp;&nbsp; 325688, 6.900%, 1/21/2024 †x#^ | Funding Circle | 11/21/2018 | GBP | 31401 | 40113 | 12695 |
| &nbsp;&nbsp;&nbsp; 328065, 10.500%, 4/06/2024 †x#^ | Funding Circle | 2/06/2019 | GBP | 27486 | 35555 | 11112 |
| &nbsp;&nbsp;&nbsp; 328780, 10.900%, 12/17/2023 †x#^ | Funding Circle | 12/17/2018 | GBP | 17057 | 23473 | 6896 |
| &nbsp;&nbsp;&nbsp; 329350, 9.900%, 12/05/2023 †x#^ | Funding Circle | 12/05/2018 | GBP | 124954 | 159060 | 50519 |
| &nbsp;&nbsp;&nbsp; 329377, 12.900%, 11/28/2023 †x#^ | Funding Circle | 11/28/2018 | GBP | 9752 | 12506 | 3943 |
| &nbsp;&nbsp;&nbsp; 329891, 13.500%, 12/05/2023 †x#^ | Funding Circle | 12/05/2018 | GBP | 27284 | 34731 | 11031 |
| &nbsp;&nbsp;&nbsp; 330489, 14.900%, 12/17/2023 †x#^ | Funding Circle | 12/17/2018 | GBP | 30753 | 38785 | 12433 |
| &nbsp;&nbsp;&nbsp; 330971, 9.900%, 12/14/2023 †x#^ | Funding Circle | 12/14/2018 | GBP | 22889 | 28803 | 9254 |
| &nbsp;&nbsp;&nbsp; 332352, 16.900%, 1/21/2024 †x#^ | Funding Circle | 1/21/2019 | GBP | 2038 | 2628 | 824 |
| &nbsp;&nbsp;&nbsp; 332422, 12.900%, 2/13/2024 †x#^ | Funding Circle | 12/13/2018 | GBP | 47213 | 59791 | 19088 |
| &nbsp;&nbsp;&nbsp; 333314, 13.900%, 12/14/2023 †x#^ | Funding Circle | 12/14/2018 | GBP | 10185 | 14013 | 4118 |
| &nbsp;&nbsp;&nbsp; 333789, 19.900%, 12/14/2023 †x#^ | Funding Circle | 12/14/2018 | GBP | 18512 | 23295 | 7484 |
| &nbsp;&nbsp;&nbsp; 334232, 10.900%, 12/14/2023 †x#^ | Funding Circle | 12/14/2018 | GBP | 8965 | 11281 | 3624 |
| &nbsp;&nbsp;&nbsp; 334887, 16.900%, 2/17/2024 †x#^ | Funding Circle | 12/17/2018 | GBP | 3099 | 3908 | 1253 |
| &nbsp;&nbsp;&nbsp; 335186, 13.900%, 12/17/2023 †x#^ | Funding Circle | 12/17/2018 | GBP | 29551 | 37270 | 11947 |
| &nbsp;&nbsp;&nbsp; 335219, 11.900%, 12/17/2023 †x#^ | Funding Circle | 12/17/2018 | GBP | 81115 | 102302 | 32795 |
| &nbsp;&nbsp;&nbsp; 335338, 19.900%, 1/24/2024 †x#^ | Funding Circle | 1/24/2019 | GBP | 9232 | 12056 | 3733 |
| &nbsp;&nbsp;&nbsp; 336161, 4.300%, 1/14/2022 †x#^ | Funding Circle | 1/14/2019 | GBP | 493 | 678 | 199 |
| &nbsp;&nbsp;&nbsp; 336373, 15.600%, 7/27/2023 †x#^ | Funding Circle | 3/27/2019 | GBP | 5776 | 7653 | 2335 |
| &nbsp;&nbsp;&nbsp; 337264, 9.900%, 1/04/2024 †x#^ | Funding Circle | 1/04/2019 | GBP | 3877 | 4937 | 1567 |
| &nbsp;&nbsp;&nbsp; 337577, 16.900%, 1/24/2024 †x#^ | Funding Circle | 1/24/2019 | GBP | 8063 | 11059 | 3260 |
| &nbsp;&nbsp;&nbsp; 337806, 13.200%, 1/09/2023 †x#^ | Funding Circle | 1/09/2019 | GBP | 13415 | 17175 | 5424 |
| &nbsp;&nbsp;&nbsp; 338057, 11.900%, 1/07/2024 †x#^ | Funding Circle | 1/07/2019 | GBP | 9284 | 11855 | 3754 |
| &nbsp;&nbsp;&nbsp; 338294, 7.900%, 1/07/2024 †x#^ | Funding Circle | 1/07/2019 | GBP | 532 | 679 | 215 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6082** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United Kingdom - 0.18% (continued)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 339610, 10.900%, 4/07/2024 †x#^ | Funding Circle | 2/07/2019 | GBP | 43494 | $56324 | $17584 |
| &nbsp;&nbsp;&nbsp; 340217, 11.900%, 2/06/2024 †x#^ | Funding Circle | 2/06/2019 | GBP | 69350 | 89710 | 28038 |
| &nbsp;&nbsp;&nbsp; 341093, 11.900%, 3/18/2024 †x#^ | Funding Circle | 3/18/2019 | GBP | 34296 | 45473 | 13866 |
| &nbsp;&nbsp;&nbsp; 341152, 13.900%, 1/28/2024 †x#^ | Funding Circle | 1/30/2019 | GBP | 35007 | 45870 | 14153 |
| &nbsp;&nbsp;&nbsp; 341378, 13.600%, 1/21/2023 †x#^ | Funding Circle | 1/21/2019 | GBP | 14171 | 18271 | 5729 |
| &nbsp;&nbsp;&nbsp; 342452, 7.900%, 1/28/2024 †x#^ | Funding Circle | 1/30/2019 | GBP | 2702 | 3540 | 1092 |
| &nbsp;&nbsp;&nbsp; 342554, 12.000%, 1/24/2021 †x#^ | Funding Circle | 1/24/2019 | GBP | 32907 | 45285 | 13304 |
| &nbsp;&nbsp;&nbsp; 344674, 10.900%, 2/14/2024 †x#^ | Funding Circle | 2/14/2019 | GBP | 17560 | 22464 | 7099 |
| &nbsp;&nbsp;&nbsp; 344749, 12.900%, 1/28/2024 †x#^ | Funding Circle | 1/30/2019 | GBP | 8569 | 11792 | 3464 |
| &nbsp;&nbsp;&nbsp; 347075, 9.900%, 6/13/2024 †x#^ | Funding Circle | 2/13/2019 | GBP | 52148 | 67002 | 21083 |
| &nbsp;&nbsp;&nbsp; 347355, 14.900%, 2/14/2024 †x#^ | Funding Circle | 2/14/2019 | GBP | 59203 | 75738 | 23935 |
| &nbsp;&nbsp;&nbsp; 347896, 11.300%, 2/13/2022 †x#^ | Funding Circle | 2/13/2019 | GBP | 12495 | 16059 | 5052 |
| &nbsp;&nbsp;&nbsp; 348888, 17.900%, 3/27/2024 †x#^ | Funding Circle | 3/27/2019 | GBP | 1485 | 1968 | 601 |
| &nbsp;&nbsp;&nbsp; 348901, 8.600%, 5/21/2023 †x#^ | Funding Circle | 3/21/2019 | GBP | 15753 | 20633 | 6369 |
| &nbsp;&nbsp;&nbsp; 348914, 13.500%, 2/13/2024 †x#^ | Funding Circle | 2/13/2019 | GBP | 59757 | 76779 | 24160 |
| &nbsp;&nbsp;&nbsp; 348977, 9.900%, 2/14/2024 †x#^ | Funding Circle | 2/14/2019 | GBP | 392 | 502 | 159 |
| &nbsp;&nbsp;&nbsp; 351744, 10.900%, 2/21/2024 †x#^ | Funding Circle | 2/21/2019 | GBP | 91979 | 119912 | 37187 |
| &nbsp;&nbsp;&nbsp; 352027, 9.600%, 4/22/2023 †x#^ | Funding Circle | 2/22/2019 | GBP | 48995 | 63948 | 19809 |
| &nbsp;&nbsp;&nbsp; 352231, 21.900%, 3/28/2024 †x#^ | Funding Circle | 2/28/2019 | GBP | 26860 | 35625 | 10859 |
| &nbsp;&nbsp;&nbsp; 352337, 16.900%, 2/28/2024 †x#^ | Funding Circle | 2/28/2019 | GBP | 18868 | 25025 | 7628 |
| &nbsp;&nbsp;&nbsp; 353116, 15.900%, 3/11/2024 †x#^ | Funding Circle | 3/11/2019 | GBP | 8213 | 10790 | 3321 |
| &nbsp;&nbsp;&nbsp; 353852, 21.900%, 2/27/2024 †x#^ | Funding Circle | 2/27/2019 | GBP | 12067 | 16056 | 4879 |
| &nbsp;&nbsp;&nbsp; 354506, 17.600%, 3/25/2023 †x#^ | Funding Circle | 3/25/2019 | GBP | 28796 | 38002 | 11642 |
| &nbsp;&nbsp;&nbsp; 356573, 14.900%, 4/04/2024 †x#^ | Funding Circle | 4/04/2019 | GBP | 10986 | 14402 | 4442 |
| &nbsp;&nbsp;&nbsp; 356643, 17.900%, 5/20/2024 †x#^ | Funding Circle | 3/20/2019 | GBP | 22001 | 29041 | 8895 |
| &nbsp;&nbsp;&nbsp; 357563, 11.900%, 3/13/2024 †x#^ | Funding Circle | 3/13/2019 | GBP | 55224 | 73238 | 22327 |
| &nbsp;&nbsp;&nbsp; 357664, 12.900%, 6/06/2024 †x#^ | Funding Circle | 6/06/2019 | GBP | 52697 | 72519 | 21305 |
| &nbsp;&nbsp;&nbsp; 358211, 9.900%, 3/18/2024 †x#^ | Funding Circle | 3/18/2019 | GBP | 11547 | 15342 | 4668 |
| &nbsp;&nbsp;&nbsp; 358346, 9.900%, 5/20/2024 †x#^ | Funding Circle | 3/20/2019 | GBP | 38144 | 52493 | 15422 |
| &nbsp;&nbsp;&nbsp; 358548, 11.900%, 3/27/2024 †x#^ | Funding Circle | 3/27/2019 | GBP | 29830 | 39524 | 12060 |
| &nbsp;&nbsp;&nbsp; 359849, 11.900%, 6/24/2024 †x#^ | Funding Circle | 6/24/2019 | GBP | 1799 | 2292 | 727 |
| &nbsp;&nbsp;&nbsp; 360825, 19.900%, 5/25/2024 †x#^ | Funding Circle | 3/25/2019 | GBP | 22168 | 29255 | 8962 |
| &nbsp;&nbsp;&nbsp; 361165, 11.900%, 4/08/2024 †x#^ | Funding Circle | 4/08/2019 | GBP | 23819 | 31121 | 9630 |
| &nbsp;&nbsp;&nbsp; 362649, 12.900%, 6/17/2024 †x#^ | Funding Circle | 6/17/2019 | GBP | 4455 | 5619 | 1801 |
| &nbsp;&nbsp;&nbsp; 362965, 11.900%, 4/23/2024 †x#^ | Funding Circle | 4/23/2019 | GBP | 10555 | 13660 | 4267 |
| &nbsp;&nbsp;&nbsp; 363898, 9.900%, 4/10/2024 †x#^ | Funding Circle | 4/10/2019 | GBP | 42448 | 55658 | 17162 |
| &nbsp;&nbsp;&nbsp; 364101, 13.900%, 6/17/2024 †x#^ | Funding Circle | 6/17/2019 | GBP | 8220 | 10305 | 3323 |
| &nbsp;&nbsp;&nbsp; 364297, 15.900%, 4/08/2024 †x#^ | Funding Circle | 4/08/2019 | GBP | 29987 | 39180 | 12124 |
| &nbsp;&nbsp;&nbsp; 364872, 14.900%, 6/11/2024 †x#^ | Funding Circle | 4/11/2019 | GBP | 7585 | 10438 | 3066 |
| &nbsp;&nbsp;&nbsp; 365501, 9.900%, 4/10/2024 †x#^ | Funding Circle | 4/10/2019 | GBP | 152155 | 199224 | 61516 |
| &nbsp;&nbsp;&nbsp; 365557, 14.900%, 4/18/2024 †x#^ | Funding Circle | 4/18/2019 | GBP | 15017 | 19497 | 6072 |
| &nbsp;&nbsp;&nbsp; 366001, 12.600%, 4/25/2023 †x#^ | Funding Circle | 4/25/2019 | GBP | 27308 | 35209 | 11041 |
| &nbsp;&nbsp;&nbsp; 366051, 11.900%, 6/24/2024 †x#^ | Funding Circle | 4/24/2019 | GBP | 12 | 16 | 5 |
| &nbsp;&nbsp;&nbsp; 366491, 11.900%, 5/28/2024 †x#^ | Funding Circle | 5/28/2019 | GBP | 9387 | 11879 | 3795 |
| &nbsp;&nbsp;&nbsp; 367029, 18.900%, 4/29/2024 †x#^ | Funding Circle | 4/29/2019 | GBP | 35231 | 45578 | 14244 |
| &nbsp;&nbsp;&nbsp; 367290, 9.300%, 4/23/2022 †x#^ | Funding Circle | 4/23/2019 | GBP | 8729 | 12009 | 3529 |
| &nbsp;&nbsp;&nbsp; 367328, 15.900%, 4/24/2024 †x#^ | Funding Circle | 4/24/2019 | GBP | 19865 | 25632 | 8031 |
| &nbsp;&nbsp;&nbsp; 367726, 12.600%, 4/26/2023 †x#^ | Funding Circle | 4/26/2019 | GBP | 113955 | 156820 | 46071 |
| &nbsp;&nbsp;&nbsp; 367858, 7.600%, 6/15/2023 †x#^ | Funding Circle | 4/15/2019 | GBP | 12334 | 16157 | 4987 |
| &nbsp;&nbsp;&nbsp; 368177, 19.900%, 5/16/2024 †x#^ | Funding Circle | 5/16/2019 | GBP | 7865 | 10062 | 3180 |
| &nbsp;&nbsp;&nbsp; 369177, 11.900%, 7/09/2024 †x#^ | Funding Circle | 5/09/2019 | GBP | 18721 | 25763 | 7569 |
| &nbsp;&nbsp;&nbsp; 369874, 9.900%, 4/26/2024 †x#^ | Funding Circle | 4/26/2019 | GBP | 8234 | 10639 | 3329 |
| &nbsp;&nbsp;&nbsp; 370249, 14.900%, 5/09/2024 †x#^ | Funding Circle | 5/09/2019 | GBP | 3720 | 4842 | 1504 |
| &nbsp;&nbsp;&nbsp; 371314, 9.900%, 5/10/2024 †x#^ | Funding Circle | 5/10/2019 | GBP | 23543 | 32399 | 9518 |
| &nbsp;&nbsp;&nbsp; 371414, 19.900%, 7/09/2024 †x#^ | Funding Circle | 5/09/2019 | GBP | 12568 | 16357 | 5081 |
| &nbsp;&nbsp;&nbsp; 371483, 10.900%, 5/13/2024 †x#^ | Funding Circle | 5/13/2019 | GBP | 14825 | 19211 | 5994 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6083** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United Kingdom - 0.18% (continued)** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 372201, 11.900%, 8/11/2024 †x#^ | Funding Circle | 6/11/2019 | GBP | 20052 | $25512 | $8107 |
| &nbsp;&nbsp;&nbsp; 372702, 17.900%, 9/23/2024 †x#^ | Funding Circle | 5/23/2019 | GBP | 40595 | 51377 | 16412 |
| &nbsp;&nbsp;&nbsp; 372800, 9.300%, 5/14/2022 †x#^ | Funding Circle | 5/14/2019 | GBP | 15039 | 19410 | 6080 |
| &nbsp;&nbsp;&nbsp; 373206, 5.900%, 5/13/2024 †x#^ | Funding Circle | 5/13/2019 | GBP | 9335 | 12096 | 3774 |
| &nbsp;&nbsp;&nbsp; 373299, 19.900%, 5/14/2024 †x#^ | Funding Circle | 5/14/2019 | GBP | 32 | 41 | 13 |
| &nbsp;&nbsp;&nbsp; 373461, 14.900%, 5/13/2024 †x#^ | Funding Circle | 5/13/2019 | GBP | 26958 | 34934 | 10899 |
| &nbsp;&nbsp;&nbsp; 374007, 11.900%, 5/28/2024 †x#^ | Funding Circle | 5/28/2019 | GBP | 5567 | 7046 | 2251 |
| &nbsp;&nbsp;&nbsp; 374010, 7.300%, 6/12/2022 †x#^ | Funding Circle | 6/12/2019 | GBP | 38223 | 48486 | 15453 |
| &nbsp;&nbsp;&nbsp; 374061, 10.500%, 7/15/2024 †x#^ | Funding Circle | 5/15/2019 | GBP | 14724 | 18908 | 5953 |
| &nbsp;&nbsp;&nbsp; 374293, 15.900%, 5/20/2024 †x#^ | Funding Circle | 5/20/2019 | GBP | 4493 | 5717 | 1817 |
| &nbsp;&nbsp;&nbsp; 375761, 14.900%, 5/23/2024 †x#^ | Funding Circle | 5/23/2019 | GBP | 7716 | 9766 | 3120 |
| &nbsp;&nbsp;&nbsp; 375814, 12.900%, 6/12/2024 †x#^ | Funding Circle | 6/12/2019 | GBP | 2927 | 3713 | 1183 |
| &nbsp;&nbsp;&nbsp; 376972, 11.900%, 5/28/2024 †x#^ | Funding Circle | 5/28/2019 | GBP | 10363 | 13114 | 4190 |
| &nbsp;&nbsp;&nbsp; 377553, 8.900%, 10/20/2024 †x#^ | Funding Circle | 6/20/2019 | GBP | 94437 | 119973 | 38181 |
| &nbsp;&nbsp;&nbsp; 378717, 10.900%, 6/11/2024 †x#^ | Funding Circle | 6/11/2019 | GBP | 30044 | 38223 | 12147 |
| &nbsp;&nbsp;&nbsp; 378783, 19.900%, 6/12/2024 †x#^ | Funding Circle | 6/12/2019 | GBP | 14116 | 17906 | 5707 |
| &nbsp;&nbsp;&nbsp; 378919, 15.900%, 6/03/2024 †x#^ | Funding Circle | 6/03/2019 | GBP | 36156 | 49755 | 14618 |
| &nbsp;&nbsp;&nbsp; 380209, 18.600%, 6/05/2023 †x#^ | Funding Circle | 6/05/2019 | GBP | 688 | 872 | 278 |
| &nbsp;&nbsp;&nbsp; 380726, 8.900%, 6/26/2024 †x#^ | Funding Circle | 6/26/2019 | GBP | 7303 | 9305 | 2953 |
| &nbsp;&nbsp;&nbsp; 381864, 9.900%, 8/12/2024 †x#^ | Funding Circle | 6/12/2019 | GBP | 79478 | 100819 | 32133 |
| &nbsp;&nbsp;&nbsp; 381928, 15.900%, 6/19/2024 †x#^ | Funding Circle | 6/19/2019 | GBP | 1866 | 2360 | 754 |
| &nbsp;&nbsp;&nbsp; 382053, 7.900%, 6/24/2024 †x#^ | Funding Circle | 6/24/2019 | GBP | 16278 | 20742 | 6581 |
| &nbsp;&nbsp;&nbsp; 383730, 19.600%, 7/10/2023 †x#^ | Funding Circle | 7/10/2019 | GBP | 10015 | 12522 | 4049 |
| &nbsp;&nbsp;&nbsp; 383815, 17.900%, 6/19/2024 †x#^ | Funding Circle | 6/19/2019 | GBP | 18944 | 23966 | 7659 |
| &nbsp;&nbsp;&nbsp; 384212, 13.500%, 6/17/2024 †x#^ | Funding Circle | 6/17/2019 | GBP | 13691 | 17164 | 5535 |
| &nbsp;&nbsp;&nbsp; 385140, 12.900%, 7/05/2024 †x#^ | Funding Circle | 7/05/2019 | GBP | 5428 | 6798 | 2194 |
| &nbsp;&nbsp;&nbsp; 385258, 7.900%, 6/27/2024 †x#^ | Funding Circle | 6/27/2019 | GBP | 1064 | 1348 | 430 |
| &nbsp;&nbsp;&nbsp; 386384, 19.900%, 7/26/2024 †x#^ | Funding Circle | 7/26/2019 | GBP | 12009 | 14873 | 4855 |
| &nbsp;&nbsp;&nbsp; 386788, 17.900%, 8/20/2024 †x#^ | Funding Circle | 6/20/2019 | GBP | 64292 | 81677 | 25993 |
| &nbsp;&nbsp;&nbsp; 386943, 13.900%, 8/26/2024 †x#^ | Funding Circle | 6/26/2019 | GBP | 7677 | 9742 | 3104 |
| &nbsp;&nbsp;&nbsp; 387999, 9.900%, 7/04/2024 †x#^ | Funding Circle | 7/04/2019 | GBP | 22189 | 27918 | 8971 |
| &nbsp;&nbsp;&nbsp; 390973, 13.500%, 11/05/2024 †x#^ | Funding Circle | 7/05/2019 | GBP | 6468 | 8100 | 2615 |
| &nbsp;&nbsp;&nbsp; 391863, 18.900%, 7/26/2024 †x#^ | Funding Circle | 7/26/2019 | GBP | 62596 | 77528 | 25307 |
| &nbsp;&nbsp;&nbsp; 391883, 15.900%, 7/18/2024 †x#^ | Funding Circle | 7/18/2019 | GBP | 14064 | 17658 | 5686 |
| &nbsp;&nbsp;&nbsp; 391895, 15.900%, 7/11/2024 †x#^ | Funding Circle | 7/11/2019 | GBP | 14476 | 18133 | 5853 |
| &nbsp;&nbsp;&nbsp; 391905, 12.900%, 7/23/2024 †x#^ | Funding Circle | 7/23/2019 | GBP | 111283 | 153144 | 44991 |
| &nbsp;&nbsp;&nbsp; 392106, 14.900%, 7/05/2024 †x#^ | Funding Circle | 7/05/2019 | GBP | 37928 | 47500 | 15334 |
| &nbsp;&nbsp;&nbsp; 392466, 13.200%, 7/03/2023 †x#^ | Funding Circle | 7/03/2019 | GBP | 30656 | 42188 | 12394 |
| &nbsp;&nbsp;&nbsp; 393672, 12.900%, 7/05/2024 †x#^ | Funding Circle | 7/05/2019 | GBP | 32099 | 40201 | 12978 |
| &nbsp;&nbsp;&nbsp; 394232, 9.900%, 7/12/2024 †x#^ | Funding Circle | 7/12/2019 | GBP | 435 | 547 | 176 |
| &nbsp;&nbsp;&nbsp; 396822, 7.900%, 7/17/2024 †x#^ | Funding Circle | 7/17/2019 | GBP | 26699 | 33197 | 10794 |
| &nbsp;&nbsp;&nbsp; 397213, 12.900%, 7/19/2024 †x#^ | Funding Circle | 7/19/2019 | GBP | 21887 | 30121 | 8849 |
| &nbsp;&nbsp;&nbsp; 70592, 10.500%, 12/15/2021 †x#^ | Funding Circle | 12/15/2016 | GBP | 6160 | 7655 | 2491 |
|  |  |  |  |  | **8494178** | **2608199** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6084** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 009f9d7a-789f-4bad-92d2-88cece16eccc, 19.700%, 1/10/2024 †x#^ | Funding Circle | 1/14/2019 | $29724 | $29724 | $8917 |
| &nbsp;&nbsp;&nbsp; 023fe1e6-0c5a-4abf-a46e-c457ce278acd, 10.790%, 2/04/2024 †x#^ | Funding Circle | 2/06/2019 | 5361 | 5361 | 1608 |
| &nbsp;&nbsp;&nbsp; 02cb546c-5da0-4e83-9fbf-282a020e96b5, 10.790%, 9/24/2023 †x#^ | Funding Circle | 9/26/2018 | 113521 | 113521 | 34056 |
| &nbsp;&nbsp;&nbsp; 07832286-bef7-4502-adb6-3f5d1e410992, 15.820%, 5/13/2024 †x#^ | Funding Circle | 11/16/2018 | 75200 | 75200 | 22560 |
| &nbsp;&nbsp;&nbsp; 07b45e22-b042-4497-96e1-f9e9cb1576f2, 16.090%, 8/25/2022 †x#^ | Funding Circle | 8/28/2017 | 726 | 726 | 218 |
| &nbsp;&nbsp;&nbsp; 0b1052ff-4621-40c3-ba0e-bc788b309e02, 10.490%, 2/09/2024 †x#^ | Funding Circle | 8/13/2018 | 23741 | 23741 | 7122 |
| &nbsp;&nbsp;&nbsp; 0d319bef-a790-4907-b351-ebff4731d2b6, 8.250%, 5/01/2023 †x#^ | Funding Circle | 5/03/2018 | 136966 | 136966 | 41090 |
| &nbsp;&nbsp;&nbsp; 0d65f8f4-a679-4e34-ae32-fc94edfe755c, 15.420%, 11/19/2019 †x#^ | Funding Circle | 12/14/2017 | 80645 | 80645 | 24194 |
| &nbsp;&nbsp;&nbsp; 10003832, 4.713%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 4002 | 3738 | 3790 |
| &nbsp;&nbsp;&nbsp; 10004250, 6.668%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 3612 | 3284 | 3476 |
| &nbsp;&nbsp;&nbsp; 10005127, 5.499%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 1685 | 1556 | 1599 |
| &nbsp;&nbsp;&nbsp; 10005420, 5.464%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 1524 | 1409 | 1422 |
| &nbsp;&nbsp;&nbsp; 10005602, 4.719%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 6031 | 5632 | 5662 |
| &nbsp;&nbsp;&nbsp; 10006035, 6.667%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 41184 | 37440 | 38653 |
| &nbsp;&nbsp;&nbsp; 10008545, 4.721%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 5770 | 5388 | 4923 |
| &nbsp;&nbsp;&nbsp; 10008724, 4.717%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 15900 | 14850 | 15245 |
| &nbsp;&nbsp;&nbsp; 10010573, 4.709%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 1686 | 1575 | 1631 |
| &nbsp;&nbsp;&nbsp; 10010826, 6.666%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 18426 | 16751 | 12199 |
| &nbsp;&nbsp;&nbsp; 10011723, 5.522%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 1152 | 1064 | 830 |
| &nbsp;&nbsp;&nbsp; 10011763, 5.472%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 8643 | 7988 | 6636 |
| &nbsp;&nbsp;&nbsp; 10012078, 4.713%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 2784 | 2600 | 2642 |
| &nbsp;&nbsp;&nbsp; 10012174, 4.717%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 33210 | 31015 | 31853 |
| &nbsp;&nbsp;&nbsp; 10013872, 5.721%, 5/01/2027 †§x¶ | Square | 11/05/2025 | 2274 | 2094 | 2136 |
| &nbsp;&nbsp;&nbsp; 10013948, 4.713%, 5/01/2027 †§x¶ | Square | 11/05/2025 | 4125 | 3853 | 3962 |
| &nbsp;&nbsp;&nbsp; 10014324, 5.984%, 5/01/2027 †§x¶ | Square | 11/05/2025 | 2181 | 2001 | 2087 |
| &nbsp;&nbsp;&nbsp; 10014432, 6.355%, 5/01/2027 †§x¶ | Square | 11/05/2025 | 3953 | 3609 | 3831 |
| &nbsp;&nbsp;&nbsp; 10014694, 5.165%, 5/01/2027 †§x¶ | Square | 11/05/2025 | 2452 | 2275 | 2360 |
| &nbsp;&nbsp;&nbsp; 10014839, 5.973%, 5/02/2027 †§x¶ | Square | 11/05/2025 | 2089 | 1917 | 1973 |
| &nbsp;&nbsp;&nbsp; 10014940, 4.715%, 5/02/2027 †§x¶ | Square | 11/05/2025 | 3988 | 3724 | 3819 |
| &nbsp;&nbsp;&nbsp; 10015113, 6.289%, 5/02/2027 †§x¶ | Square | 11/05/2025 | 12399 | 11330 | 2228 |
| &nbsp;&nbsp;&nbsp; 10015463, 6.709%, 5/02/2027 †§x¶ | Square | 11/05/2025 | 497 | 452 | 434 |
| &nbsp;&nbsp;&nbsp; 10015486, 5.722%, 5/02/2027 †§x¶ | Square | 11/05/2025 | 1774 | 1634 | 1712 |
| &nbsp;&nbsp;&nbsp; 10015561, 5.160%, 5/02/2027 †§x¶ | Square | 11/05/2025 | 5680 | 5272 | 5394 |
| &nbsp;&nbsp;&nbsp; 10016798, 6.643%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 930 | 846 | 841 |
| &nbsp;&nbsp;&nbsp; 10017127, 5.158%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 3669 | 3405 | 3496 |
| &nbsp;&nbsp;&nbsp; 10017618, 4.717%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 16029 | 14970 | 15200 |
| &nbsp;&nbsp;&nbsp; 10019147, 5.469%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 3019 | 2815 | 2870 |
| &nbsp;&nbsp;&nbsp; 10019541, 5.500%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 2422 | 2237 | 2262 |
| &nbsp;&nbsp;&nbsp; 10019784, 6.659%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 3204 | 2913 | 2214 |
| &nbsp;&nbsp;&nbsp; 10020043, 5.157%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 16764 | 15560 | 15501 |
| &nbsp;&nbsp;&nbsp; 10020775, 5.157%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 7055 | 6548 | 6765 |
| &nbsp;&nbsp;&nbsp; 10021113, 4.721%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 8064 | 7531 | 7073 |
| &nbsp;&nbsp;&nbsp; 10021458, 6.675%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 1470 | 1336 | 1393 |
| &nbsp;&nbsp;&nbsp; 10021521, 4.717%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 8936 | 8346 | 8456 |
| &nbsp;&nbsp;&nbsp; 10021800, 4.719%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 5133 | 4794 | 4893 |
| &nbsp;&nbsp;&nbsp; 10022094, 4.710%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 1802 | 1683 | 1721 |
| &nbsp;&nbsp;&nbsp; 10022152, 6.349%, 5/03/2027 †§x¶ | Square | 11/05/2025 | 5114 | 4670 | 4822 |
| &nbsp;&nbsp;&nbsp; 10022807, 5.502%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 555 | 513 | 533 |
| &nbsp;&nbsp;&nbsp; 10022926, 5.157%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 25104 | 23301 | 23753 |
| &nbsp;&nbsp;&nbsp; 10025186, 5.157%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 9281 | 8615 | 8776 |
| &nbsp;&nbsp;&nbsp; 10025559, 5.507%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 6333 | 5849 | 5688 |
| &nbsp;&nbsp;&nbsp; 10025858, 5.156%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 13270 | 12317 | 10882 |
| &nbsp;&nbsp;&nbsp; 10026254, 5.976%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 24418 | 22409 | 17217 |
| &nbsp;&nbsp;&nbsp; 10027244, 6.650%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 909 | 826 | 767 |
| &nbsp;&nbsp;&nbsp; 10027275, 4.718%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 17109 | 15978 | 16450 |
| &nbsp;&nbsp;&nbsp; 10027986, 4.722%, 5/04/2027 †§x¶ | Square | 11/06/2025 | 4695 | 4385 | 4501 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6085** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10028099, 5.157%, 5/05/2027 †§x¶ | Square | 11/07/2025 | $1512 | $1403 | $1459 |
| &nbsp;&nbsp;&nbsp; 10028327, 4.717%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 4504 | 4206 | 4310 |
| &nbsp;&nbsp;&nbsp; 10028734, 6.646%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 896 | 815 | 843 |
| &nbsp;&nbsp;&nbsp; 10028808, 4.719%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 5325 | 4973 | 5032 |
| &nbsp;&nbsp;&nbsp; 10029526, 5.982%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 828 | 760 | 791 |
| &nbsp;&nbsp;&nbsp; 10029625, 4.717%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 5855 | 5468 | 4999 |
| &nbsp;&nbsp;&nbsp; 10029993, 6.349%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 4092 | 3736 | 3751 |
| &nbsp;&nbsp;&nbsp; 10030206, 6.691%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 664 | 603 | 635 |
| &nbsp;&nbsp;&nbsp; 10030639, 6.676%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 2247 | 2043 | 2114 |
| &nbsp;&nbsp;&nbsp; 10030805, 6.674%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 2438 | 2217 | 1622 |
| &nbsp;&nbsp;&nbsp; 10031316, 4.717%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 11437 | 10681 | 9880 |
| &nbsp;&nbsp;&nbsp; 10031908, 4.721%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 7118 | 6647 | 6725 |
| &nbsp;&nbsp;&nbsp; 10032466, 6.664%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 3552 | 3229 | 3401 |
| &nbsp;&nbsp;&nbsp; 10032724, 4.734%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 1393 | 1301 | 1338 |
| &nbsp;&nbsp;&nbsp; 10032785, 4.722%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 2617 | 2444 | 2241 |
| &nbsp;&nbsp;&nbsp; 10032870, 6.343%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 641 | 585 | 626 |
| &nbsp;&nbsp;&nbsp; 10032899, 4.722%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 3724 | 3478 | 3568 |
| &nbsp;&nbsp;&nbsp; 10033109, 6.665%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 2380 | 2164 | 2069 |
| &nbsp;&nbsp;&nbsp; 10033204, 6.350%, 5/05/2027 †§x¶ | Square | 11/07/2025 | 4819 | 4400 | 4058 |
| &nbsp;&nbsp;&nbsp; 10036698, 6.664%, 5/06/2027 †x¶ | Square | 11/10/2025 | 11926 | 10842 | 6807 |
| &nbsp;&nbsp;&nbsp; 10037465, 5.157%, 5/06/2027 †§x¶ | Square | 11/10/2025 | 8598 | 7981 | 8109 |
| &nbsp;&nbsp;&nbsp; 10038503, 5.472%, 5/06/2027 †x¶ | Square | 11/10/2025 | 33559 | 31014 | 24295 |
| &nbsp;&nbsp;&nbsp; 10040136, 4.719%, 5/06/2027 †§x¶ | Square | 11/10/2025 | 5625 | 5253 | 5370 |
| &nbsp;&nbsp;&nbsp; 10040416, 4.717%, 5/06/2027 †§x¶ | Square | 11/10/2025 | 13889 | 12971 | 12088 |
| &nbsp;&nbsp;&nbsp; 10040922, 6.673%, 5/06/2027 †x¶ | Square | 11/10/2025 | 4448 | 4044 | 1118 |
| &nbsp;&nbsp;&nbsp; 10041003, 6.655%, 5/06/2027 †§x¶ | Square | 11/10/2025 | 1515 | 1377 | 1363 |
| &nbsp;&nbsp;&nbsp; 10041042, 4.717%, 5/06/2027 †§x¶ | Square | 11/10/2025 | 46798 | 43706 | 45027 |
| &nbsp;&nbsp;&nbsp; 1004459877, 21.200%, 1/21/2025 †x¥#^ | Stripe | 7/27/2023 | 3215 | 3344 | 161 |
| &nbsp;&nbsp;&nbsp; 10045170, 6.352%, 5/07/2027 †§x¶ | Square | 11/12/2025 | 10885 | 9938 | 10450 |
| &nbsp;&nbsp;&nbsp; 10046802, 4.719%, 5/07/2027 †§x¶ | Square | 11/12/2025 | 11953 | 11163 | 11538 |
| &nbsp;&nbsp;&nbsp; 10047873, 5.157%, 5/07/2027 †§x¶ | Square | 11/12/2025 | 47818 | 44384 | 45155 |
| &nbsp;&nbsp;&nbsp; 10049875, 6.668%, 5/08/2027 †§x¶ | Square | 11/13/2025 | 9171 | 8337 | 8819 |
| &nbsp;&nbsp;&nbsp; 1005023980, 25.596%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 8977 | 9336 | 9506 |
| &nbsp;&nbsp;&nbsp; 10050395, 4.719%, 5/08/2027 †§x¶ | Square | 11/13/2025 | 15586 | 14556 | 14859 |
| &nbsp;&nbsp;&nbsp; 10051021, 6.664%, 5/09/2027 †§x¶ | Square | 11/13/2025 | 8487 | 7716 | 5448 |
| &nbsp;&nbsp;&nbsp; 10051347, 6.674%, 5/09/2027 †§x¶ | Square | 11/13/2025 | 887 | 806 | 822 |
| &nbsp;&nbsp;&nbsp; 10051405, 4.715%, 5/09/2027 †§x¶ | Square | 11/13/2025 | 4931 | 4605 | 4688 |
| &nbsp;&nbsp;&nbsp; 10051600, 4.717%, 5/09/2027 †§x¶ | Square | 11/13/2025 | 1513 | 1413 | 1448 |
| &nbsp;&nbsp;&nbsp; 10051668, 5.471%, 5/09/2027 †§x¶ | Square | 11/13/2025 | 16022 | 14807 | 15097 |
| &nbsp;&nbsp;&nbsp; 10053998, 5.473%, 5/10/2027 †§x¶ | Square | 11/13/2025 | 3352 | 3098 | 3008 |
| &nbsp;&nbsp;&nbsp; 10054226, 6.512%, 5/10/2027 †§x¶ | Square | 11/13/2025 | 2078 | 1893 | 1262 |
| &nbsp;&nbsp;&nbsp; 10054332, 5.157%, 5/10/2027 †x¶ | Square | 11/13/2025 | 34946 | 32436 | 24472 |
| &nbsp;&nbsp;&nbsp; 10055854, 6.669%, 5/10/2027 †§x¶ | Square | 11/13/2025 | 2432 | 2211 | 2192 |
| &nbsp;&nbsp;&nbsp; 10056035, 4.719%, 5/10/2027 †§x¶ | Square | 11/13/2025 | 14416 | 13464 | 13679 |
| &nbsp;&nbsp;&nbsp; 10056784, 4.717%, 5/10/2027 †§x¶ | Square | 11/13/2025 | 8720 | 8144 | 8099 |
| &nbsp;&nbsp;&nbsp; 10057225, 4.715%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 5945 | 5553 | 5519 |
| &nbsp;&nbsp;&nbsp; 10057392, 5.475%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 3318 | 3066 | 3186 |
| &nbsp;&nbsp;&nbsp; 10057539, 4.715%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 7408 | 6918 | 7059 |
| &nbsp;&nbsp;&nbsp; 10057804, 5.157%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 31593 | 29325 | 29826 |
| &nbsp;&nbsp;&nbsp; 10058544, 4.715%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 7722 | 7212 | 6446 |
| &nbsp;&nbsp;&nbsp; 10058701, 4.717%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 41855 | 39090 | 35560 |
| &nbsp;&nbsp;&nbsp; 10061262, 4.715%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 3365 | 3143 | 3232 |
| &nbsp;&nbsp;&nbsp; 10061499, 5.723%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 5171 | 4762 | 5023 |
| &nbsp;&nbsp;&nbsp; 10062001, 4.730%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 2040 | 1905 | 1934 |
| &nbsp;&nbsp;&nbsp; 10062106, 5.503%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 2393 | 2210 | 2304 |
| &nbsp;&nbsp;&nbsp; 10062599, 6.515%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 5594 | 5096 | 3482 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6086** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10062900, 6.666%, 5/12/2027 †§x¶ | Square | 11/14/2025 | $3021 | $2746 | $2850 |
| &nbsp;&nbsp;&nbsp; 10063081, 5.719%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 2432 | 2240 | 2300 |
| &nbsp;&nbsp;&nbsp; 10063231, 6.293%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 1312 | 1199 | 1273 |
| &nbsp;&nbsp;&nbsp; 10063505, 4.720%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 2663 | 2487 | 2598 |
| &nbsp;&nbsp;&nbsp; 10063737, 5.506%, 5/12/2027 †§x¶ | Square | 11/14/2025 | 4370 | 4037 | 3362 |
| &nbsp;&nbsp;&nbsp; 10066889, 6.301%, 5/13/2027 †x¶ | Square | 11/17/2025 | 994 | 908 | 571 |
| &nbsp;&nbsp;&nbsp; 10066918, 5.504%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 994 | 918 | 966 |
| &nbsp;&nbsp;&nbsp; 10067653, 4.717%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 10748 | 10038 | 10237 |
| &nbsp;&nbsp;&nbsp; 10068693, 5.723%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 23980 | 22084 | 22568 |
| &nbsp;&nbsp;&nbsp; 10070128, 4.718%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 34607 | 32320 | 32651 |
| &nbsp;&nbsp;&nbsp; 10071606, 5.158%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 21298 | 19769 | 20068 |
| &nbsp;&nbsp;&nbsp; 10071811, 6.354%, 5/14/2027 †§x¶ | Square | 11/18/2025 | 3757 | 3430 | 3560 |
| &nbsp;&nbsp;&nbsp; 10072094, 4.717%, 5/14/2027 †§x¶ | Square | 11/18/2025 | 12836 | 11988 | 12114 |
| &nbsp;&nbsp;&nbsp; 10073364, 4.716%, 5/14/2027 †§x¶ | Square | 11/18/2025 | 9567 | 8935 | 9178 |
| &nbsp;&nbsp;&nbsp; 10074186, 5.160%, 5/14/2027 †§x¶ | Square | 11/18/2025 | 6460 | 5996 | 6042 |
| &nbsp;&nbsp;&nbsp; 10074557, 5.472%, 5/14/2027 †§x¶ | Square | 11/18/2025 | 9185 | 8488 | 8547 |
| &nbsp;&nbsp;&nbsp; 10075003, 4.717%, 5/14/2027 †§x¶ | Square | 11/18/2025 | 25810 | 24105 | 24826 |
| &nbsp;&nbsp;&nbsp; 10076390, 5.455%, 5/15/2027 †§x¶ | Square | 11/19/2025 | 1198 | 1107 | 1156 |
| &nbsp;&nbsp;&nbsp; 10076420, 5.157%, 5/15/2027 †§x¶ | Square | 11/19/2025 | 2047 | 1900 | 1925 |
| &nbsp;&nbsp;&nbsp; 10076481, 5.153%, 5/15/2027 †§x¶ | Square | 11/19/2025 | 5070 | 4707 | 4773 |
| &nbsp;&nbsp;&nbsp; 10076644, 6.353%, 5/15/2027 †§x¶ | Square | 11/19/2025 | 29847 | 27250 | 26994 |
| &nbsp;&nbsp;&nbsp; 10077611, 5.498%, 5/16/2027 †§x¶ | Square | 11/19/2025 | 2939 | 2715 | 801 |
| &nbsp;&nbsp;&nbsp; 10077683, 4.719%, 5/16/2027 †§x¶ | Square | 11/19/2025 | 3376 | 3153 | 3176 |
| &nbsp;&nbsp;&nbsp; 10077808, 6.643%, 5/16/2027 †§x¶ | Square | 11/19/2025 | 821 | 746 | 723 |
| &nbsp;&nbsp;&nbsp; 10077835, 6.276%, 5/16/2027 †§x¶ | Square | 11/19/2025 | 831 | 760 | 652 |
| &nbsp;&nbsp;&nbsp; 10077873, 4.721%, 5/16/2027 †§x¶ | Square | 11/19/2025 | 6076 | 5674 | 5787 |
| &nbsp;&nbsp;&nbsp; 10078109, 4.729%, 5/16/2027 †§x¶ | Square | 11/19/2025 | 1309 | 1222 | 1262 |
| &nbsp;&nbsp;&nbsp; 10079019, 5.726%, 5/17/2027 †§x¶ | Square | 11/19/2025 | 9499 | 8748 | 8513 |
| &nbsp;&nbsp;&nbsp; 10079961, 5.973%, 5/17/2027 †§x¶ | Square | 11/19/2025 | 5478 | 5027 | 5219 |
| &nbsp;&nbsp;&nbsp; 10080515, 5.472%, 5/17/2027 †§x¶ | Square | 11/19/2025 | 4019 | 3714 | 3868 |
| &nbsp;&nbsp;&nbsp; 10080829, 6.354%, 5/17/2027 †§x¶ | Square | 11/19/2025 | 2659 | 2428 | 2501 |
| &nbsp;&nbsp;&nbsp; 10080949, 5.724%, 5/17/2027 †§x¶ | Square | 11/19/2025 | 43936 | 40463 | 40250 |
| &nbsp;&nbsp;&nbsp; 100830029, 17.333%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 10064 | 10567 | 10571 |
| &nbsp;&nbsp;&nbsp; 10083601, 5.724%, 5/17/2027 †§x¶ | Square | 11/19/2025 | 5407 | 4980 | 5124 |
| &nbsp;&nbsp;&nbsp; 10083877, 4.716%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 4691 | 4381 | 4348 |
| &nbsp;&nbsp;&nbsp; 10084290, 6.351%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 2019 | 1843 | 1956 |
| &nbsp;&nbsp;&nbsp; 10084591, 4.715%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 5816 | 5432 | 5595 |
| &nbsp;&nbsp;&nbsp; 10085265, 4.717%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 5199 | 4856 | 4927 |
| &nbsp;&nbsp;&nbsp; 10085618, 6.513%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 2924 | 2664 | 2648 |
| &nbsp;&nbsp;&nbsp; 10085829, 6.662%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 588 | 534 | 568 |
| &nbsp;&nbsp;&nbsp; 10085871, 6.672%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 985 | 895 | 945 |
| &nbsp;&nbsp;&nbsp; 10085994, 6.492%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 1193 | 1087 | 1083 |
| &nbsp;&nbsp;&nbsp; 10086072, 4.719%, 5/18/2027 †x¶ | Square | 11/20/2025 | 9487 | 8860 | 5155 |
| &nbsp;&nbsp;&nbsp; 10086412, 5.472%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 8446 | 7806 | 8093 |
| &nbsp;&nbsp;&nbsp; 10086754, 5.157%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 15562 | 14445 | 14474 |
| &nbsp;&nbsp;&nbsp; 10087423, 6.289%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 538 | 491 | 513 |
| &nbsp;&nbsp;&nbsp; 10087639, 6.356%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 941 | 859 | 912 |
| &nbsp;&nbsp;&nbsp; 10087695, 5.723%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 9958 | 9170 | 7724 |
| &nbsp;&nbsp;&nbsp; 10087919, 6.361%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 1443 | 1317 | 1383 |
| &nbsp;&nbsp;&nbsp; 10087976, 6.672%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 3157 | 2870 | 3029 |
| &nbsp;&nbsp;&nbsp; 10088128, 6.667%, 5/18/2027 †§x¶ | Square | 11/20/2025 | 10285 | 9350 | 9748 |
| &nbsp;&nbsp;&nbsp; 10088462, 5.480%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 442 | 409 | 422 |
| &nbsp;&nbsp;&nbsp; 10088582, 6.645%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 939 | 854 | 790 |
| &nbsp;&nbsp;&nbsp; 10088640, 4.726%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 2798 | 2613 | 2672 |
| &nbsp;&nbsp;&nbsp; 10088983, 4.717%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 20985 | 19598 | 20369 |
| &nbsp;&nbsp;&nbsp; 10090813, 6.684%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 1375 | 1250 | 1247 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6087** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10090893, 6.663%, 5/19/2027 †§x¶ | Square | 11/21/2025 | $942 | $856 | $890 |
| &nbsp;&nbsp;&nbsp; 10090936, 4.723%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 3255 | 3040 | 3100 |
| &nbsp;&nbsp;&nbsp; 10091144, 4.723%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 4505 | 4207 | 4285 |
| &nbsp;&nbsp;&nbsp; 10091296, 5.157%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 53199 | 49379 | 49019 |
| &nbsp;&nbsp;&nbsp; 10097337, 6.662%, 5/20/2027 †x¶ | Square | 11/24/2025 | 2393 | 2176 | 1933 |
| &nbsp;&nbsp;&nbsp; 10097627, 4.717%, 5/20/2027 †§x¶ | Square | 11/24/2025 | 13916 | 12997 | 13307 |
| &nbsp;&nbsp;&nbsp; 10099013, 5.156%, 5/20/2027 †§x¶ | Square | 11/24/2025 | 15252 | 14157 | 13798 |
| &nbsp;&nbsp;&nbsp; 10099913, 5.975%, 5/20/2027 †§x¶ | Square | 11/24/2025 | 9817 | 9009 | 7487 |
| &nbsp;&nbsp;&nbsp; 10100473, 4.724%, 5/20/2027 †§x¶ | Square | 11/24/2025 | 1751 | 1635 | 1676 |
| &nbsp;&nbsp;&nbsp; 10100591, 4.718%, 5/20/2027 †§x¶ | Square | 11/24/2025 | 20630 | 19266 | 19802 |
| &nbsp;&nbsp;&nbsp; 10101675, 5.157%, 5/20/2027 †§x¶ | Square | 11/24/2025 | 70344 | 65293 | 65174 |
| &nbsp;&nbsp;&nbsp; 10102766, 4.715%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 5185 | 4842 | 4907 |
| &nbsp;&nbsp;&nbsp; 10103864, 6.666%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 8319 | 7562 | 7790 |
| &nbsp;&nbsp;&nbsp; 10105048, 5.483%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 1100 | 1017 | 990 |
| &nbsp;&nbsp;&nbsp; 10105161, 5.506%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 1990 | 1839 | 1840 |
| &nbsp;&nbsp;&nbsp; 10105424, 4.717%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 6848 | 6396 | 5967 |
| &nbsp;&nbsp;&nbsp; 10105964, 6.355%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 7617 | 6954 | 7181 |
| &nbsp;&nbsp;&nbsp; 10106458, 4.720%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 7900 | 7378 | 7557 |
| &nbsp;&nbsp;&nbsp; 10106973, 4.719%, 5/21/2027 †§x¶ | Square | 11/25/2025 | 13138 | 12270 | 12458 |
| &nbsp;&nbsp;&nbsp; 10107948, 4.738%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 1228 | 1147 | 1166 |
| &nbsp;&nbsp;&nbsp; 10108045, 5.726%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 7282 | 6706 | 5658 |
| &nbsp;&nbsp;&nbsp; 10108220, 4.728%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 2286 | 2134 | 2192 |
| &nbsp;&nbsp;&nbsp; 10108306, 6.343%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 1199 | 1095 | 1151 |
| &nbsp;&nbsp;&nbsp; 10108377, 5.975%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 1964 | 1803 | 1480 |
| &nbsp;&nbsp;&nbsp; 10108432, 5.979%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 1157 | 1062 | 1070 |
| &nbsp;&nbsp;&nbsp; 10108578, 6.349%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 6133 | 5600 | 5768 |
| &nbsp;&nbsp;&nbsp; 10108845, 4.715%, 5/22/2027 †§x¶ | Square | 11/26/2025 | 8239 | 7695 | 7735 |
| &nbsp;&nbsp;&nbsp; 10109107, 4.720%, 5/23/2027 †§x¶ | Square | 11/26/2025 | 9268 | 8655 | 8695 |
| &nbsp;&nbsp;&nbsp; 10109411, 4.719%, 5/23/2027 †§x¶ | Square | 11/26/2025 | 3643 | 3402 | 3360 |
| &nbsp;&nbsp;&nbsp; 10109538, 5.500%, 5/23/2027 †§x¶ | Square | 11/26/2025 | 336 | 311 | 321 |
| &nbsp;&nbsp;&nbsp; 10109560, 5.158%, 5/23/2027 †§x¶ | Square | 11/26/2025 | 28486 | 26440 | 26960 |
| &nbsp;&nbsp;&nbsp; 10112631, 5.160%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 5619 | 5215 | 5195 |
| &nbsp;&nbsp;&nbsp; 10112865, 4.717%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 2503 | 2338 | 2381 |
| &nbsp;&nbsp;&nbsp; 10112950, 6.289%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 1742 | 1592 | 1395 |
| &nbsp;&nbsp;&nbsp; 10113051, 4.719%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 3419 | 3193 | 3250 |
| &nbsp;&nbsp;&nbsp; 10113251, 5.722%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 13710 | 12626 | 12975 |
| &nbsp;&nbsp;&nbsp; 10114596, 4.723%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 5222 | 4876 | 4620 |
| &nbsp;&nbsp;&nbsp; 10114816, 5.518%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 1520 | 1404 | 1320 |
| &nbsp;&nbsp;&nbsp; 10114858, 4.717%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 13517 | 12624 | 12797 |
| &nbsp;&nbsp;&nbsp; 10115417, 5.723%, 5/24/2027 †§x¶ | Square | 11/26/2025 | 9700 | 8933 | 7708 |
| &nbsp;&nbsp;&nbsp; 10118161, 6.670%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 1147 | 1043 | 1078 |
| &nbsp;&nbsp;&nbsp; 10118345, 6.667%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 9794 | 8904 | 9371 |
| &nbsp;&nbsp;&nbsp; 10119396, 6.692%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 1308 | 1189 | 859 |
| &nbsp;&nbsp;&nbsp; 10119446, 5.157%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 56378 | 52330 | 53512 |
| &nbsp;&nbsp;&nbsp; 10122531, 5.149%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 968 | 899 | 940 |
| &nbsp;&nbsp;&nbsp; 10122602, 6.667%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 5491 | 4992 | 5200 |
| &nbsp;&nbsp;&nbsp; 10122950, 5.982%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 1556 | 1428 | 1509 |
| &nbsp;&nbsp;&nbsp; 10123050, 6.663%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 5920 | 5382 | 5465 |
| &nbsp;&nbsp;&nbsp; 10123267, 4.717%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 20797 | 19423 | 19634 |
| &nbsp;&nbsp;&nbsp; 1015542470, 20.000%, 9/04/2026 †x¥ | Stripe | 3/11/2025 | 1392 | 1447 | 1475 |
| &nbsp;&nbsp;&nbsp; 10208225, 6.118%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2542 | 2329 | 2109 |
| &nbsp;&nbsp;&nbsp; 10208226, 6.431%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 164 | 150 | 154 |
| &nbsp;&nbsp;&nbsp; 10208227, 4.548%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2087 | 1954 | 1985 |
| &nbsp;&nbsp;&nbsp; 10208230, 5.362%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 896 | 829 | 741 |
| &nbsp;&nbsp;&nbsp; 10208231, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7458 | 6939 | 6997 |
| &nbsp;&nbsp;&nbsp; 10208232, 4.545%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4362 | 4083 | 4152 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6088** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10208238, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | $15768 | $14430 | $14968 |
| &nbsp;&nbsp;&nbsp; 10208241, 6.482%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1707 | 1555 | 1290 |
| &nbsp;&nbsp;&nbsp; 10208242, 5.295%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2660 | 2464 | 2513 |
| &nbsp;&nbsp;&nbsp; 10208243, 6.431%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 331 | 302 | 308 |
| &nbsp;&nbsp;&nbsp; 10208245, 4.554%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4879 | 4567 | 4617 |
| &nbsp;&nbsp;&nbsp; 10208246, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 970 | 888 | 866 |
| &nbsp;&nbsp;&nbsp; 10208247, 4.545%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4648 | 4352 | 4415 |
| &nbsp;&nbsp;&nbsp; 10208248, 5.304%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 11616 | 10760 | 10896 |
| &nbsp;&nbsp;&nbsp; 10208254, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 12445 | 11650 | 11374 |
| &nbsp;&nbsp;&nbsp; 10208260, 4.554%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3722 | 3484 | 3535 |
| &nbsp;&nbsp;&nbsp; 10208261, 5.331%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3980 | 3686 | 3842 |
| &nbsp;&nbsp;&nbsp; 10208262, 6.476%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 958 | 873 | 905 |
| &nbsp;&nbsp;&nbsp; 10208266, 6.494%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 11443 | 10428 | 10647 |
| &nbsp;&nbsp;&nbsp; 10208267, 5.298%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3104 | 2875 | 2912 |
| &nbsp;&nbsp;&nbsp; 10208268, 5.304%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4121 | 3818 | 3914 |
| &nbsp;&nbsp;&nbsp; 10208269, 6.504%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2526 | 2301 | 2226 |
| &nbsp;&nbsp;&nbsp; 10208271, 6.502%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3414 | 3111 | 2535 |
| &nbsp;&nbsp;&nbsp; 10208272, 4.990%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 13434 | 12498 | 11721 |
| &nbsp;&nbsp;&nbsp; 10208273, 4.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8520 | 7975 | 8088 |
| &nbsp;&nbsp;&nbsp; 10208284, 6.493%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2227 | 2029 | 2093 |
| &nbsp;&nbsp;&nbsp; 10208285, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 13106 | 12269 | 11982 |
| &nbsp;&nbsp;&nbsp; 10208286, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 43742 | 40947 | 41471 |
| &nbsp;&nbsp;&nbsp; 10208290, 4.555%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2208 | 2067 | 2080 |
| &nbsp;&nbsp;&nbsp; 10208291, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 26246 | 24569 | 24786 |
| &nbsp;&nbsp;&nbsp; 10208296, 5.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 26166 | 24162 | 24834 |
| &nbsp;&nbsp;&nbsp; 10208297, 5.804%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 18142 | 16689 | 16704 |
| &nbsp;&nbsp;&nbsp; 10208310, 6.184%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4430 | 4053 | 4062 |
| &nbsp;&nbsp;&nbsp; 10208311, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 23719 | 22203 | 22526 |
| &nbsp;&nbsp;&nbsp; 10208312, 6.495%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4471 | 4074 | 3320 |
| &nbsp;&nbsp;&nbsp; 10208313, 4.554%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5865 | 5490 | 5569 |
| &nbsp;&nbsp;&nbsp; 10208314, 6.498%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2979 | 2714 | 2824 |
| &nbsp;&nbsp;&nbsp; 10208319, 5.294%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2800 | 2594 | 2645 |
| &nbsp;&nbsp;&nbsp; 10208321, 5.804%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2778 | 2556 | 2634 |
| &nbsp;&nbsp;&nbsp; 10208327, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6212 | 5815 | 5889 |
| &nbsp;&nbsp;&nbsp; 10208328, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7285 | 6819 | 6862 |
| &nbsp;&nbsp;&nbsp; 10208336, 4.996%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1160 | 1079 | 1106 |
| &nbsp;&nbsp;&nbsp; 10208338, 5.553%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9298 | 8583 | 8824 |
| &nbsp;&nbsp;&nbsp; 10208343, 6.496%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8408 | 7662 | 7868 |
| &nbsp;&nbsp;&nbsp; 10208344, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7275 | 6810 | 6906 |
| &nbsp;&nbsp;&nbsp; 10208350, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 58550 | 54810 | 55582 |
| &nbsp;&nbsp;&nbsp; 10208351, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6512 | 6095 | 6173 |
| &nbsp;&nbsp;&nbsp; 10208352, 6.182%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 11298 | 10339 | 10594 |
| &nbsp;&nbsp;&nbsp; 10208355, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 847 | 793 | 808 |
| &nbsp;&nbsp;&nbsp; 10208356, 6.496%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1598 | 1456 | 1520 |
| &nbsp;&nbsp;&nbsp; 10208358, 4.979%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1842 | 1714 | 1704 |
| &nbsp;&nbsp;&nbsp; 10208368, 4.545%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3310 | 3099 | 3144 |
| &nbsp;&nbsp;&nbsp; 10208369, 4.991%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4663 | 4338 | 4439 |
| &nbsp;&nbsp;&nbsp; 10208370, 6.337%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1974 | 1803 | 1864 |
| &nbsp;&nbsp;&nbsp; 10208371, 4.998%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2035 | 1893 | 1918 |
| &nbsp;&nbsp;&nbsp; 10208375, 5.328%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2071 | 1917 | 1713 |
| &nbsp;&nbsp;&nbsp; 10208380, 5.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1657 | 1529 | 1585 |
| &nbsp;&nbsp;&nbsp; 10208381, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4367 | 4088 | 4148 |
| &nbsp;&nbsp;&nbsp; 10208382, 6.194%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1832 | 1676 | 1692 |
| &nbsp;&nbsp;&nbsp; 10208383, 5.804%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 11237 | 10337 | 10604 |
| &nbsp;&nbsp;&nbsp; 10208384, 4.570%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1344 | 1257 | 1276 |
| &nbsp;&nbsp;&nbsp; 10208388, 5.800%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3324 | 3058 | 3137 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6089** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10208389, 6.492%, 6/15/2027 †§x¶ | Square | 12/17/2025 | $10801 | $9843 | $10108 |
| &nbsp;&nbsp;&nbsp; 10208390, 5.298%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3498 | 3240 | 3263 |
| &nbsp;&nbsp;&nbsp; 10208396, 4.991%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1690 | 1573 | 1601 |
| &nbsp;&nbsp;&nbsp; 10208397, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 15046 | 14085 | 14309 |
| &nbsp;&nbsp;&nbsp; 10208398, 4.559%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2824 | 2643 | 2686 |
| &nbsp;&nbsp;&nbsp; 10208399, 4.553%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7539 | 7057 | 7160 |
| &nbsp;&nbsp;&nbsp; 10208402, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 39624 | 37093 | 37629 |
| &nbsp;&nbsp;&nbsp; 10208411, 5.302%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7497 | 6945 | 6992 |
| &nbsp;&nbsp;&nbsp; 10208412, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5780 | 5377 | 5392 |
| &nbsp;&nbsp;&nbsp; 10208413, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 42165 | 39472 | 39911 |
| &nbsp;&nbsp;&nbsp; 10208417, 6.194%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2092 | 1915 | 1866 |
| &nbsp;&nbsp;&nbsp; 10208420, 6.487%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1569 | 1430 | 1465 |
| &nbsp;&nbsp;&nbsp; 10208421, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8395 | 7859 | 7984 |
| &nbsp;&nbsp;&nbsp; 10208427, 5.794%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1358 | 1249 | 1279 |
| &nbsp;&nbsp;&nbsp; 10208428, 6.177%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8473 | 7754 | 7830 |
| &nbsp;&nbsp;&nbsp; 10208429, 5.807%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8125 | 7474 | 7645 |
| &nbsp;&nbsp;&nbsp; 10208430, 6.488%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1368 | 1246 | 1280 |
| &nbsp;&nbsp;&nbsp; 10208431, 5.001%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1672 | 1555 | 1559 |
| &nbsp;&nbsp;&nbsp; 10208432, 4.990%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 10747 | 9998 | 10080 |
| &nbsp;&nbsp;&nbsp; 10208433, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7246 | 6783 | 6623 |
| &nbsp;&nbsp;&nbsp; 10208434, 6.495%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 10643 | 9699 | 10048 |
| &nbsp;&nbsp;&nbsp; 10208439, 6.488%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2228 | 2031 | 2085 |
| &nbsp;&nbsp;&nbsp; 10208440, 6.492%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 14232 | 12969 | 11249 |
| &nbsp;&nbsp;&nbsp; 10208441, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 17282 | 16079 | 16365 |
| &nbsp;&nbsp;&nbsp; 10208442, 6.343%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3301 | 3014 | 3116 |
| &nbsp;&nbsp;&nbsp; 10208443, 6.132%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1834 | 1680 | 1205 |
| &nbsp;&nbsp;&nbsp; 10208444, 4.548%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9904 | 9271 | 9406 |
| &nbsp;&nbsp;&nbsp; 10208445, 6.338%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1129 | 1031 | 1054 |
| &nbsp;&nbsp;&nbsp; 10208446, 5.322%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1008 | 933 | 660 |
| &nbsp;&nbsp;&nbsp; 10208452, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3425 | 3206 | 3252 |
| &nbsp;&nbsp;&nbsp; 10208453, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1916 | 1793 | 1809 |
| &nbsp;&nbsp;&nbsp; 10208457, 4.987%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5097 | 4743 | 4448 |
| &nbsp;&nbsp;&nbsp; 10208459, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 42963 | 40219 | 40659 |
| &nbsp;&nbsp;&nbsp; 10208461, 6.513%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 912 | 831 | 795 |
| &nbsp;&nbsp;&nbsp; 10208462, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 14123 | 12925 | 11305 |
| &nbsp;&nbsp;&nbsp; 10208468, 4.546%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4573 | 4281 | 4336 |
| &nbsp;&nbsp;&nbsp; 10208469, 4.559%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2782 | 2604 | 2633 |
| &nbsp;&nbsp;&nbsp; 10208470, 5.805%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 28564 | 26276 | 26299 |
| &nbsp;&nbsp;&nbsp; 10208471, 4.994%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4965 | 4619 | 4658 |
| &nbsp;&nbsp;&nbsp; 10208474, 4.544%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4419 | 4137 | 4197 |
| &nbsp;&nbsp;&nbsp; 10208478, 4.556%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4042 | 3783 | 3831 |
| &nbsp;&nbsp;&nbsp; 10208479, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6079 | 5656 | 5703 |
| &nbsp;&nbsp;&nbsp; 10208481, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1334 | 1241 | 1257 |
| &nbsp;&nbsp;&nbsp; 10208482, 4.543%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2365 | 2214 | 2250 |
| &nbsp;&nbsp;&nbsp; 10208484, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6055 | 5669 | 5751 |
| &nbsp;&nbsp;&nbsp; 10208487, 6.494%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 997 | 908 | 740 |
| &nbsp;&nbsp;&nbsp; 10208489, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 81139 | 75956 | 77156 |
| &nbsp;&nbsp;&nbsp; 10208493, 5.804%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 12960 | 11922 | 10679 |
| &nbsp;&nbsp;&nbsp; 10208494, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9539 | 8930 | 9043 |
| &nbsp;&nbsp;&nbsp; 10208495, 4.563%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1540 | 1441 | 1462 |
| &nbsp;&nbsp;&nbsp; 10208496, 4.990%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2699 | 2511 | 2555 |
| &nbsp;&nbsp;&nbsp; 10208497, 5.565%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2165 | 1998 | 2045 |
| &nbsp;&nbsp;&nbsp; 10208501, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 36185 | 33667 | 31572 |
| &nbsp;&nbsp;&nbsp; 10208502, 5.798%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1885 | 1734 | 1796 |
| &nbsp;&nbsp;&nbsp; 10208506, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 17338 | 16131 | 16393 |
| &nbsp;&nbsp;&nbsp; 10208507, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 13572 | 12705 | 12890 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6090** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10208508, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | $16958 | $15519 | $15931 |
| &nbsp;&nbsp;&nbsp; 10208512, 6.191%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1772 | 1621 | 1418 |
| &nbsp;&nbsp;&nbsp; 10208513, 6.494%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 52489 | 47829 | 45711 |
| &nbsp;&nbsp;&nbsp; 10208514, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 66747 | 62484 | 63398 |
| &nbsp;&nbsp;&nbsp; 10208520, 5.805%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 12106 | 11136 | 7660 |
| &nbsp;&nbsp;&nbsp; 10208532, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2286 | 2140 | 2171 |
| &nbsp;&nbsp;&nbsp; 10208538, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45781 | 42594 | 43353 |
| &nbsp;&nbsp;&nbsp; 10208539, 6.495%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8106 | 7387 | 7565 |
| &nbsp;&nbsp;&nbsp; 10208540, 6.510%, 6/15/2027 †x¶ | Square | 12/17/2025 | 968 | 882 | 441 |
| &nbsp;&nbsp;&nbsp; 10208541, 6.490%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1631 | 1487 | 1560 |
| &nbsp;&nbsp;&nbsp; 10208542, 6.181%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8830 | 8080 | 7876 |
| &nbsp;&nbsp;&nbsp; 10208544, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45546 | 42636 | 43312 |
| &nbsp;&nbsp;&nbsp; 10208545, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1992 | 1854 | 1739 |
| &nbsp;&nbsp;&nbsp; 10208547, 5.302%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 12676 | 11742 | 11893 |
| &nbsp;&nbsp;&nbsp; 10208548, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4369 | 4064 | 4131 |
| &nbsp;&nbsp;&nbsp; 10208552, 6.118%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 602 | 552 | 565 |
| &nbsp;&nbsp;&nbsp; 10208558, 6.332%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2678 | 2446 | 2401 |
| &nbsp;&nbsp;&nbsp; 10208560, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7391 | 6764 | 4497 |
| &nbsp;&nbsp;&nbsp; 10208565, 5.804%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 63773 | 58665 | 59611 |
| &nbsp;&nbsp;&nbsp; 10208566, 6.102%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 404 | 370 | 388 |
| &nbsp;&nbsp;&nbsp; 10208567, 5.555%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5782 | 5337 | 5474 |
| &nbsp;&nbsp;&nbsp; 10208571, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3654 | 3421 | 3470 |
| &nbsp;&nbsp;&nbsp; 10208572, 4.545%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3219 | 3014 | 3056 |
| &nbsp;&nbsp;&nbsp; 10208573, 6.517%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1055 | 961 | 919 |
| &nbsp;&nbsp;&nbsp; 10208577, 6.117%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 702 | 643 | 672 |
| &nbsp;&nbsp;&nbsp; 10208580, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 33283 | 31156 | 31650 |
| &nbsp;&nbsp;&nbsp; 10208587, 6.495%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6714 | 6118 | 6410 |
| &nbsp;&nbsp;&nbsp; 10208588, 5.807%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8860 | 8150 | 8158 |
| &nbsp;&nbsp;&nbsp; 10208589, 4.553%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7011 | 6563 | 6605 |
| &nbsp;&nbsp;&nbsp; 10208592, 4.987%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3177 | 2956 | 3008 |
| &nbsp;&nbsp;&nbsp; 10208596, 4.985%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5595 | 5206 | 5328 |
| &nbsp;&nbsp;&nbsp; 10208597, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9185 | 8598 | 8719 |
| &nbsp;&nbsp;&nbsp; 10208598, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9164 | 8578 | 8687 |
| &nbsp;&nbsp;&nbsp; 10208599, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6222 | 5825 | 5909 |
| &nbsp;&nbsp;&nbsp; 10208600, 4.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9543 | 8933 | 9059 |
| &nbsp;&nbsp;&nbsp; 10208604, 5.810%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2264 | 2082 | 2105 |
| &nbsp;&nbsp;&nbsp; 10208607, 5.307%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2222 | 2058 | 2084 |
| &nbsp;&nbsp;&nbsp; 10208608, 5.555%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1309 | 1209 | 1224 |
| &nbsp;&nbsp;&nbsp; 10208610, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 17962 | 16814 | 17053 |
| &nbsp;&nbsp;&nbsp; 10208612, 5.302%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 27857 | 25805 | 26624 |
| &nbsp;&nbsp;&nbsp; 10208614, 6.335%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4032 | 3682 | 3614 |
| &nbsp;&nbsp;&nbsp; 10208615, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 11603 | 10862 | 11034 |
| &nbsp;&nbsp;&nbsp; 10208619, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 24463 | 22900 | 23044 |
| &nbsp;&nbsp;&nbsp; 10208621, 6.313%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 707 | 646 | 679 |
| &nbsp;&nbsp;&nbsp; 10208628, 5.333%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 775 | 717 | 508 |
| &nbsp;&nbsp;&nbsp; 10208629, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5425 | 5078 | 5153 |
| &nbsp;&nbsp;&nbsp; 10208632, 4.555%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3736 | 3497 | 3553 |
| &nbsp;&nbsp;&nbsp; 10208633, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3691 | 3377 | 3490 |
| &nbsp;&nbsp;&nbsp; 10208635, 4.557%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2640 | 2472 | 2507 |
| &nbsp;&nbsp;&nbsp; 10208643, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8235 | 7537 | 7817 |
| &nbsp;&nbsp;&nbsp; 10208647, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 18734 | 17538 | 17691 |
| &nbsp;&nbsp;&nbsp; 10208648, 6.496%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9366 | 8534 | 8845 |
| &nbsp;&nbsp;&nbsp; 10208649, 5.812%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3442 | 3166 | 3170 |
| &nbsp;&nbsp;&nbsp; 10208650, 6.337%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 16259 | 14847 | 14576 |
| &nbsp;&nbsp;&nbsp; 10208651, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 12333 | 11544 | 11646 |
| &nbsp;&nbsp;&nbsp; 10208652, 6.492%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3886 | 3541 | 3636 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6091** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10208654, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | $8330 | $7798 | $7908 |
| &nbsp;&nbsp;&nbsp; 10208655, 4.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9315 | 8720 | 8846 |
| &nbsp;&nbsp;&nbsp; 10208658, 6.172%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2835 | 2595 | 2665 |
| &nbsp;&nbsp;&nbsp; 10208660, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2745 | 2570 | 2606 |
| &nbsp;&nbsp;&nbsp; 10208663, 5.302%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 839 | 777 | 795 |
| &nbsp;&nbsp;&nbsp; 10208666, 6.196%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1594 | 1459 | 1495 |
| &nbsp;&nbsp;&nbsp; 10208667, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 18483 | 17302 | 16893 |
| &nbsp;&nbsp;&nbsp; 10208671, 6.500%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2244 | 2045 | 2146 |
| &nbsp;&nbsp;&nbsp; 10208677, 6.493%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7139 | 6505 | 6240 |
| &nbsp;&nbsp;&nbsp; 10208680, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 36429 | 33893 | 33697 |
| &nbsp;&nbsp;&nbsp; 10208687, 4.990%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9204 | 8563 | 8702 |
| &nbsp;&nbsp;&nbsp; 10208689, 5.002%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 796 | 740 | 752 |
| &nbsp;&nbsp;&nbsp; 10208692, 4.544%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5284 | 4947 | 5016 |
| &nbsp;&nbsp;&nbsp; 10208693, 4.990%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4544 | 4228 | 4282 |
| &nbsp;&nbsp;&nbsp; 10208694, 5.302%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 10500 | 9727 | 10010 |
| &nbsp;&nbsp;&nbsp; 10208696, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 90045 | 84293 | 85480 |
| &nbsp;&nbsp;&nbsp; 10208697, 5.553%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 33810 | 31210 | 32008 |
| &nbsp;&nbsp;&nbsp; 10208698, 5.574%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 959 | 885 | 917 |
| &nbsp;&nbsp;&nbsp; 10208702, 4.548%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4339 | 4061 | 4113 |
| &nbsp;&nbsp;&nbsp; 10208706, 6.118%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2165 | 1983 | 1987 |
| &nbsp;&nbsp;&nbsp; 10208707, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 21209 | 19853 | 20132 |
| &nbsp;&nbsp;&nbsp; 10208708, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8577 | 8029 | 8157 |
| &nbsp;&nbsp;&nbsp; 10208709, 5.341%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3403 | 3150 | 2230 |
| &nbsp;&nbsp;&nbsp; 10208710, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6901 | 6460 | 6551 |
| &nbsp;&nbsp;&nbsp; 10208717, 5.311%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2721 | 2520 | 2584 |
| &nbsp;&nbsp;&nbsp; 10208721, 6.495%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2882 | 2626 | 2601 |
| &nbsp;&nbsp;&nbsp; 10208722, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6480 | 6029 | 5564 |
| &nbsp;&nbsp;&nbsp; 10208723, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 67241 | 62946 | 63854 |
| &nbsp;&nbsp;&nbsp; 10208724, 6.177%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3296 | 3016 | 2638 |
| &nbsp;&nbsp;&nbsp; 10208726, 6.118%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5229 | 4790 | 5004 |
| &nbsp;&nbsp;&nbsp; 10208727, 6.352%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1320 | 1205 | 1236 |
| &nbsp;&nbsp;&nbsp; 10208728, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6467 | 6054 | 6131 |
| &nbsp;&nbsp;&nbsp; 10208731, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 19899 | 18628 | 18897 |
| &nbsp;&nbsp;&nbsp; 10208745, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45124 | 41983 | 42734 |
| &nbsp;&nbsp;&nbsp; 10209324, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6751 | 6320 | 6411 |
| &nbsp;&nbsp;&nbsp; 10209336, 4.986%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6971 | 6486 | 6637 |
| &nbsp;&nbsp;&nbsp; 10209351, 5.555%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4558 | 4207 | 4262 |
| &nbsp;&nbsp;&nbsp; 10209361, 6.499%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4178 | 3807 | 3944 |
| &nbsp;&nbsp;&nbsp; 10209364, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45299 | 42405 | 43002 |
| &nbsp;&nbsp;&nbsp; 10209431, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9939 | 9304 | 9436 |
| &nbsp;&nbsp;&nbsp; 10209510, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4643 | 4249 | 4407 |
| &nbsp;&nbsp;&nbsp; 10209517, 4.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6333 | 5928 | 4631 |
| &nbsp;&nbsp;&nbsp; 10209520, 6.178%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5967 | 5461 | 5468 |
| &nbsp;&nbsp;&nbsp; 10209523, 6.499%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1756 | 1600 | 1684 |
| &nbsp;&nbsp;&nbsp; 10209528, 4.554%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2358 | 2208 | 2239 |
| &nbsp;&nbsp;&nbsp; 10209529, 4.551%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 14953 | 13997 | 14175 |
| &nbsp;&nbsp;&nbsp; 10209543, 5.337%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2474 | 2290 | 2320 |
| &nbsp;&nbsp;&nbsp; 10209555, 4.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8944 | 8372 | 8175 |
| &nbsp;&nbsp;&nbsp; 10209575, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 54263 | 50797 | 51123 |
| &nbsp;&nbsp;&nbsp; 10209667, 5.553%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 14669 | 13541 | 13716 |
| &nbsp;&nbsp;&nbsp; 10209717, 5.334%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1803 | 1670 | 1750 |
| &nbsp;&nbsp;&nbsp; 10209735, 6.337%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5737 | 5239 | 4950 |
| &nbsp;&nbsp;&nbsp; 10209746, 5.810%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3929 | 3614 | 3654 |
| &nbsp;&nbsp;&nbsp; 10209756, 6.495%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 7696 | 7013 | 7231 |
| &nbsp;&nbsp;&nbsp; 10209781, 6.118%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 98 | 90 | 96 |
| &nbsp;&nbsp;&nbsp; 10209785, 5.807%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2519 | 2317 | 2355 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6092** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10209795, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | $4833 | $4524 | $4565 |
| &nbsp;&nbsp;&nbsp; 10209803, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9487 | 8882 | 6937 |
| &nbsp;&nbsp;&nbsp; 10209832, 4.542%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2251 | 2108 | 2121 |
| &nbsp;&nbsp;&nbsp; 10209844, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2664 | 2494 | 2531 |
| &nbsp;&nbsp;&nbsp; 10209845, 5.334%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2060 | 1908 | 1704 |
| &nbsp;&nbsp;&nbsp; 10209846, 4.547%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9363 | 8766 | 8843 |
| &nbsp;&nbsp;&nbsp; 10209863, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 69911 | 65446 | 63895 |
| &nbsp;&nbsp;&nbsp; 10210037, 5.555%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 5806 | 5360 | 5350 |
| &nbsp;&nbsp;&nbsp; 10210081, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 21280 | 19920 | 20141 |
| &nbsp;&nbsp;&nbsp; 10210148, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 34209 | 31827 | 32243 |
| &nbsp;&nbsp;&nbsp; 10210269, 5.323%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 1321 | 1223 | 1240 |
| &nbsp;&nbsp;&nbsp; 10210280, 6.180%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3933 | 3599 | 3696 |
| &nbsp;&nbsp;&nbsp; 10210298, 4.989%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 22679 | 21100 | 21585 |
| &nbsp;&nbsp;&nbsp; 10210344, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 26522 | 24828 | 25177 |
| &nbsp;&nbsp;&nbsp; 10210411, 5.804%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3716 | 3418 | 3421 |
| &nbsp;&nbsp;&nbsp; 10210419, 4.561%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2480 | 2321 | 2351 |
| &nbsp;&nbsp;&nbsp; 10210427, 6.494%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 9778 | 8910 | 7539 |
| &nbsp;&nbsp;&nbsp; 10210437, 6.184%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6178 | 5653 | 5706 |
| &nbsp;&nbsp;&nbsp; 10210448, 4.991%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 2765 | 2572 | 2614 |
| &nbsp;&nbsp;&nbsp; 10210458, 6.493%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 8948 | 8154 | 8077 |
| &nbsp;&nbsp;&nbsp; 10210479, 5.304%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 13322 | 12340 | 12269 |
| &nbsp;&nbsp;&nbsp; 10210513, 6.118%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6267 | 5740 | 5821 |
| &nbsp;&nbsp;&nbsp; 10210527, 5.554%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 3687 | 3404 | 3491 |
| &nbsp;&nbsp;&nbsp; 10210535, 6.334%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6190 | 5653 | 5550 |
| &nbsp;&nbsp;&nbsp; 10210545, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45516 | 42608 | 43210 |
| &nbsp;&nbsp;&nbsp; 10210636, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 6343 | 5938 | 6022 |
| &nbsp;&nbsp;&nbsp; 10210651, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 50431 | 46920 | 47305 |
| &nbsp;&nbsp;&nbsp; 10210720, 5.304%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 4160 | 3853 | 3942 |
| &nbsp;&nbsp;&nbsp; 10210747, 4.554%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 2770 | 2593 | 2634 |
| &nbsp;&nbsp;&nbsp; 10211100, 5.804%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 4999 | 4599 | 4784 |
| &nbsp;&nbsp;&nbsp; 10212194, 5.802%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 7965 | 7327 | 7195 |
| &nbsp;&nbsp;&nbsp; 10212751, 4.549%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 4584 | 4291 | 4350 |
| &nbsp;&nbsp;&nbsp; 10213106, 4.989%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 39703 | 36939 | 37016 |
| &nbsp;&nbsp;&nbsp; 1021360283, 20.783%, 3/26/2025 †x¥#^ | Stripe | 9/29/2023 | 2147 | 2233 | 107 |
| &nbsp;&nbsp;&nbsp; 10215264, 6.180%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 1651 | 1511 | 1551 |
| &nbsp;&nbsp;&nbsp; 10215341, 4.988%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 5448 | 5068 | 5134 |
| &nbsp;&nbsp;&nbsp; 1024582592, 26.513%, 4/03/2025 †x¥#^ | Stripe | 10/10/2023 | 1392 | 1448 | 70 |
| &nbsp;&nbsp;&nbsp; 1025898126, 26.526%, 8/25/2026 †x¥ | Stripe | 2/27/2025 | 470 | 489 | 501 |
| &nbsp;&nbsp;&nbsp; 10262745, 6.283%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 348 | 318 | 337 |
| &nbsp;&nbsp;&nbsp; 10262903, 4.717%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 23300 | 21761 | 21345 |
| &nbsp;&nbsp;&nbsp; 10264129, 6.674%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 2472 | 2247 | 2187 |
| &nbsp;&nbsp;&nbsp; 10264233, 4.720%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 9952 | 9294 | 9397 |
| &nbsp;&nbsp;&nbsp; 10264568, 5.719%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 7514 | 6920 | 6471 |
| &nbsp;&nbsp;&nbsp; 10264714, 6.671%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 4375 | 3977 | 4100 |
| &nbsp;&nbsp;&nbsp; 10264898, 6.520%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 2968 | 2704 | 1865 |
| &nbsp;&nbsp;&nbsp; 10265373, 5.726%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 2202 | 2027 | 2090 |
| &nbsp;&nbsp;&nbsp; 10265492, 5.472%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 50446 | 46620 | 47702 |
| &nbsp;&nbsp;&nbsp; 10270727, 6.358%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 3988 | 3640 | 3727 |
| &nbsp;&nbsp;&nbsp; 10270994, 5.159%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 2922 | 2712 | 2733 |
| &nbsp;&nbsp;&nbsp; 10271139, 4.717%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 26226 | 24493 | 24756 |
| &nbsp;&nbsp;&nbsp; 10273212, 6.507%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 1126 | 1026 | 1071 |
| &nbsp;&nbsp;&nbsp; 10273452, 6.666%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 9074 | 8249 | 8396 |
| &nbsp;&nbsp;&nbsp; 10274154, 5.493%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 1508 | 1394 | 1420 |
| &nbsp;&nbsp;&nbsp; 10274327, 5.724%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 6909 | 6362 | 6408 |
| &nbsp;&nbsp;&nbsp; 10275056, 5.469%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 3198 | 2956 | 2936 |
| &nbsp;&nbsp;&nbsp; 10275129, 5.504%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 3389 | 3130 | 3189 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6093** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10275215, 4.730%, 7/01/2027 †§x¶ | Square | 1/06/2026 | $2424 | $2264 | $2290 |
| &nbsp;&nbsp;&nbsp; 10275271, 6.352%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 29745 | 27157 | 27160 |
| &nbsp;&nbsp;&nbsp; 10275734, 6.503%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 2244 | 2045 | 1434 |
| &nbsp;&nbsp;&nbsp; 10275793, 5.470%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 9565 | 8840 | 8959 |
| &nbsp;&nbsp;&nbsp; 10275993, 6.354%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 2690 | 2456 | 2479 |
| &nbsp;&nbsp;&nbsp; 10276041, 4.720%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 2314 | 2161 | 2181 |
| &nbsp;&nbsp;&nbsp; 10276099, 6.662%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 1117 | 1016 | 1053 |
| &nbsp;&nbsp;&nbsp; 10276136, 5.515%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 1501 | 1386 | 1428 |
| &nbsp;&nbsp;&nbsp; 10276189, 4.717%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 6924 | 6467 | 6526 |
| &nbsp;&nbsp;&nbsp; 10276725, 6.500%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 2959 | 2696 | 2747 |
| &nbsp;&nbsp;&nbsp; 10276911, 6.674%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 4317 | 3924 | 3775 |
| &nbsp;&nbsp;&nbsp; 10277214, 5.475%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 5034 | 4652 | 4723 |
| &nbsp;&nbsp;&nbsp; 10277705, 6.353%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 14142 | 12912 | 12586 |
| &nbsp;&nbsp;&nbsp; 10278365, 4.717%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 3460 | 3231 | 3271 |
| &nbsp;&nbsp;&nbsp; 10278503, 6.352%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 27139 | 24778 | 25371 |
| &nbsp;&nbsp;&nbsp; 10279746, 5.722%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 20762 | 19121 | 19416 |
| &nbsp;&nbsp;&nbsp; 10280504, 4.717%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 13715 | 12809 | 12947 |
| &nbsp;&nbsp;&nbsp; 10280897, 5.975%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 17113 | 15705 | 15999 |
| &nbsp;&nbsp;&nbsp; 10281587, 5.152%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 2430 | 2255 | 2292 |
| &nbsp;&nbsp;&nbsp; 10281692, 5.497%, 7/03/2027 †§x¶ | Square | 1/07/2026 | 1311 | 1211 | 1115 |
| &nbsp;&nbsp;&nbsp; 10281749, 6.680%, 7/03/2027 †§x¶ | Square | 1/07/2026 | 2142 | 1947 | 1937 |
| &nbsp;&nbsp;&nbsp; 10281793, 5.471%, 7/03/2027 †§x¶ | Square | 1/07/2026 | 16258 | 15025 | 14927 |
| &nbsp;&nbsp;&nbsp; 10282341, 5.728%, 7/03/2027 †§x¶ | Square | 1/07/2026 | 6007 | 5532 | 5650 |
| &nbsp;&nbsp;&nbsp; 10282637, 4.718%, 7/03/2027 †§x¶ | Square | 1/07/2026 | 11061 | 10330 | 10457 |
| &nbsp;&nbsp;&nbsp; 10283173, 4.719%, 7/04/2027 †§x¶ | Square | 1/07/2026 | 14747 | 13772 | 13870 |
| &nbsp;&nbsp;&nbsp; 10283871, 6.662%, 7/04/2027 †§x¶ | Square | 1/07/2026 | 3809 | 3463 | 2993 |
| &nbsp;&nbsp;&nbsp; 10284874, 5.987%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 2139 | 1963 | 2021 |
| &nbsp;&nbsp;&nbsp; 10285228, 6.525%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 1660 | 1512 | 1280 |
| &nbsp;&nbsp;&nbsp; 10285437, 6.667%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 9608 | 8734 | 8889 |
| &nbsp;&nbsp;&nbsp; 10286482, 4.717%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 6079 | 5677 | 5718 |
| &nbsp;&nbsp;&nbsp; 10287114, 5.157%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 13859 | 12864 | 13105 |
| &nbsp;&nbsp;&nbsp; 10288001, 6.661%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 4475 | 4076 | 3570 |
| &nbsp;&nbsp;&nbsp; 10288303, 4.719%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 13277 | 12399 | 12488 |
| &nbsp;&nbsp;&nbsp; 10289101, 5.167%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 2167 | 2011 | 2049 |
| &nbsp;&nbsp;&nbsp; 10289232, 6.669%, 7/05/2027 †§x¶ | Square | 1/07/2026 | 9115 | 8286 | 7996 |
| &nbsp;&nbsp;&nbsp; 10289834, 6.668%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 9744 | 8858 | 9146 |
| &nbsp;&nbsp;&nbsp; 10290245, 6.667%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 5394 | 4903 | 5056 |
| &nbsp;&nbsp;&nbsp; 10290483, 6.352%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 8610 | 7861 | 8091 |
| &nbsp;&nbsp;&nbsp; 10290758, 4.721%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 3293 | 3076 | 3119 |
| &nbsp;&nbsp;&nbsp; 10290902, 6.656%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 709 | 644 | 661 |
| &nbsp;&nbsp;&nbsp; 10290970, 5.975%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 9810 | 9004 | 9145 |
| &nbsp;&nbsp;&nbsp; 10291665, 6.352%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 20661 | 18864 | 17184 |
| &nbsp;&nbsp;&nbsp; 1029219155, 17.199%, 8/09/2024 †x¥#^ | Stripe | 2/14/2023 | 21298 | 22150 | 1065 |
| &nbsp;&nbsp;&nbsp; 10292548, 4.719%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 2619 | 2446 | 2477 |
| &nbsp;&nbsp;&nbsp; 10292652, 4.719%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 6203 | 5793 | 5883 |
| &nbsp;&nbsp;&nbsp; 10292944, 5.494%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 2975 | 2748 | 1702 |
| &nbsp;&nbsp;&nbsp; 10293092, 4.717%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 33759 | 31528 | 31918 |
| &nbsp;&nbsp;&nbsp; 10294457, 6.353%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 23751 | 21685 | 16511 |
| &nbsp;&nbsp;&nbsp; 10295881, 5.506%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 6359 | 5874 | 5993 |
| &nbsp;&nbsp;&nbsp; 10296190, 5.723%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 9999 | 9208 | 9318 |
| &nbsp;&nbsp;&nbsp; 10296587, 6.347%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 5954 | 5437 | 4958 |
| &nbsp;&nbsp;&nbsp; 10296824, 6.650%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 1182 | 1075 | 948 |
| &nbsp;&nbsp;&nbsp; 10296867, 5.726%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 5773 | 5317 | 5430 |
| &nbsp;&nbsp;&nbsp; 10297147, 4.717%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 40592 | 37910 | 38370 |
| &nbsp;&nbsp;&nbsp; 10298362, 6.660%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 1893 | 1721 | 1771 |
| &nbsp;&nbsp;&nbsp; 10298410, 5.736%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 2207 | 2033 | 2083 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6094** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10298488, 5.501%, 7/07/2027 †§x¶ | Square | 1/09/2026 | $868 | $802 | $843 |
| &nbsp;&nbsp;&nbsp; 10298520, 4.719%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 6619 | 6181 | 6249 |
| &nbsp;&nbsp;&nbsp; 10298847, 6.669%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 11035 | 10032 | 10322 |
| &nbsp;&nbsp;&nbsp; 10301787, 5.724%, 7/07/2027 †§x¶ | Square | 1/12/2026 | 25291 | 23291 | 23851 |
| &nbsp;&nbsp;&nbsp; 10304006, 5.706%, 7/08/2027 †§x¶ | Square | 1/12/2026 | 1312 | 1209 | 1233 |
| &nbsp;&nbsp;&nbsp; 10304052, 4.717%, 7/08/2027 †§x¶ | Square | 1/12/2026 | 7752 | 7240 | 7325 |
| &nbsp;&nbsp;&nbsp; 10304391, 4.724%, 7/08/2027 †§x¶ | Square | 1/12/2026 | 4671 | 4361 | 4406 |
| &nbsp;&nbsp;&nbsp; 10304655, 4.716%, 7/08/2027 †§x¶ | Square | 1/12/2026 | 12102 | 11302 | 11424 |
| &nbsp;&nbsp;&nbsp; 10305356, 6.664%, 7/08/2027 †§x¶ | Square | 1/12/2026 | 5506 | 5006 | 5116 |
| &nbsp;&nbsp;&nbsp; 10305638, 5.158%, 7/08/2027 †§x¶ | Square | 1/12/2026 | 38078 | 35343 | 35976 |
| &nbsp;&nbsp;&nbsp; 10306628, 6.671%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 6736 | 6123 | 6258 |
| &nbsp;&nbsp;&nbsp; 10307137, 4.719%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 7672 | 7165 | 7249 |
| &nbsp;&nbsp;&nbsp; 10307910, 4.721%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 7908 | 7385 | 7471 |
| &nbsp;&nbsp;&nbsp; 10308234, 4.717%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 5013 | 4682 | 4723 |
| &nbsp;&nbsp;&nbsp; 10308354, 6.669%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 8419 | 7653 | 7826 |
| &nbsp;&nbsp;&nbsp; 10308780, 4.726%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 3254 | 3039 | 3079 |
| &nbsp;&nbsp;&nbsp; 10308933, 4.718%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 11790 | 11011 | 10839 |
| &nbsp;&nbsp;&nbsp; 10309360, 4.720%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 8940 | 8349 | 8438 |
| &nbsp;&nbsp;&nbsp; 10309816, 6.666%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 31730 | 28846 | 29715 |
| &nbsp;&nbsp;&nbsp; 10311197, 4.717%, 7/10/2027 †§x¶ | Square | 1/14/2026 | 10098 | 9431 | 9512 |
| &nbsp;&nbsp;&nbsp; 10311392, 5.978%, 7/10/2027 †§x¶ | Square | 1/14/2026 | 10338 | 9487 | 8850 |
| &nbsp;&nbsp;&nbsp; 10311581, 4.714%, 7/10/2027 †§x¶ | Square | 1/14/2026 | 6119 | 5715 | 5775 |
| &nbsp;&nbsp;&nbsp; 10311749, 5.725%, 7/10/2027 †§x¶ | Square | 1/14/2026 | 3850 | 3546 | 3631 |
| &nbsp;&nbsp;&nbsp; 10311863, 5.506%, 7/10/2027 †§x¶ | Square | 1/14/2026 | 5342 | 4934 | 4617 |
| &nbsp;&nbsp;&nbsp; 10312013, 5.158%, 7/10/2027 †§x¶ | Square | 1/14/2026 | 9347 | 8676 | 8758 |
| &nbsp;&nbsp;&nbsp; 10312301, 6.502%, 7/11/2027 †§x¶ | Square | 1/14/2026 | 1558 | 1420 | 1229 |
| &nbsp;&nbsp;&nbsp; 10312338, 4.716%, 7/11/2027 †§x¶ | Square | 1/14/2026 | 3186 | 2976 | 3007 |
| &nbsp;&nbsp;&nbsp; 10312417, 4.715%, 7/11/2027 †§x¶ | Square | 1/14/2026 | 9313 | 8698 | 8789 |
| &nbsp;&nbsp;&nbsp; 10312677, 4.717%, 7/11/2027 †§x¶ | Square | 1/14/2026 | 4298 | 4014 | 4049 |
| &nbsp;&nbsp;&nbsp; 10312831, 6.350%, 7/11/2027 †§x¶ | Square | 1/14/2026 | 11136 | 10168 | 10350 |
| &nbsp;&nbsp;&nbsp; 10314145, 5.736%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 1258 | 1159 | 1176 |
| &nbsp;&nbsp;&nbsp; 10314244, 4.718%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 2471 | 2307 | 2317 |
| &nbsp;&nbsp;&nbsp; 10314420, 5.471%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 20560 | 19001 | 19279 |
| &nbsp;&nbsp;&nbsp; 10315821, 6.271%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 1227 | 1121 | 1105 |
| &nbsp;&nbsp;&nbsp; 10315892, 4.717%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 2280 | 2129 | 2155 |
| &nbsp;&nbsp;&nbsp; 10316144, 6.512%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 1040 | 947 | 823 |
| &nbsp;&nbsp;&nbsp; 10316210, 5.157%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 2537 | 2355 | 2379 |
| &nbsp;&nbsp;&nbsp; 10316303, 6.667%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 214 | 194 | 204 |
| &nbsp;&nbsp;&nbsp; 10316345, 4.722%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 4432 | 4139 | 4183 |
| &nbsp;&nbsp;&nbsp; 10316528, 5.158%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 4960 | 4604 | 4705 |
| &nbsp;&nbsp;&nbsp; 10316759, 4.718%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 34388 | 32115 | 32508 |
| &nbsp;&nbsp;&nbsp; 10318276, 4.719%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 5493 | 5130 | 5197 |
| &nbsp;&nbsp;&nbsp; 10318683, 5.511%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 506 | 467 | 483 |
| &nbsp;&nbsp;&nbsp; 10318719, 5.474%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 4418 | 4083 | 3499 |
| &nbsp;&nbsp;&nbsp; 10319018, 4.715%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 8055 | 7523 | 7632 |
| &nbsp;&nbsp;&nbsp; 10319682, 4.723%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 5538 | 5172 | 5226 |
| &nbsp;&nbsp;&nbsp; 10319910, 6.289%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 1241 | 1134 | 1077 |
| &nbsp;&nbsp;&nbsp; 10320060, 4.717%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 4058 | 3789 | 3827 |
| &nbsp;&nbsp;&nbsp; 10320389, 4.719%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 3409 | 3184 | 3222 |
| &nbsp;&nbsp;&nbsp; 10320595, 5.156%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 7756 | 7199 | 7309 |
| &nbsp;&nbsp;&nbsp; 10320940, 6.671%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 4694 | 4267 | 4436 |
| &nbsp;&nbsp;&nbsp; 10321133, 5.977%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 14669 | 13462 | 13328 |
| &nbsp;&nbsp;&nbsp; 10321518, 4.717%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 2893 | 2702 | 2734 |
| &nbsp;&nbsp;&nbsp; 10321620, 4.720%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 3149 | 2941 | 2970 |
| &nbsp;&nbsp;&nbsp; 10321731, 5.470%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 5653 | 5225 | 5260 |
| &nbsp;&nbsp;&nbsp; 10321918, 5.468%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 7159 | 6616 | 6735 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6095** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10322113, 6.665%, 7/13/2027 †§x¶ | Square | 1/15/2026 | $9064 | $8241 | $8566 |
| &nbsp;&nbsp;&nbsp; 10322510, 6.666%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 6489 | 5899 | 6121 |
| &nbsp;&nbsp;&nbsp; 10322691, 4.720%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 3443 | 3216 | 3253 |
| &nbsp;&nbsp;&nbsp; 10322878, 4.717%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 20204 | 18869 | 19066 |
| &nbsp;&nbsp;&nbsp; 10323668, 5.477%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 3039 | 2808 | 2822 |
| &nbsp;&nbsp;&nbsp; 10323789, 5.528%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 422 | 390 | 409 |
| &nbsp;&nbsp;&nbsp; 10323849, 6.675%, 7/13/2027 †§x¶ | Square | 1/15/2026 | 1278 | 1162 | 1131 |
| &nbsp;&nbsp;&nbsp; 10323916, 6.670%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 9859 | 8962 | 9214 |
| &nbsp;&nbsp;&nbsp; 10324397, 6.679%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 1848 | 1680 | 1743 |
| &nbsp;&nbsp;&nbsp; 10324514, 6.675%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 3891 | 3537 | 3447 |
| &nbsp;&nbsp;&nbsp; 10324801, 5.160%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 4373 | 4059 | 3918 |
| &nbsp;&nbsp;&nbsp; 10325265, 4.717%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 37815 | 35316 | 35721 |
| &nbsp;&nbsp;&nbsp; 10326591, 5.487%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 1234 | 1140 | 1121 |
| &nbsp;&nbsp;&nbsp; 10326642, 5.161%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 5489 | 5094 | 5137 |
| &nbsp;&nbsp;&nbsp; 10326835, 5.716%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 1549 | 1427 | 1462 |
| &nbsp;&nbsp;&nbsp; 10326895, 6.682%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 717 | 652 | 670 |
| &nbsp;&nbsp;&nbsp; 10326958, 5.157%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 5938 | 5512 | 5595 |
| &nbsp;&nbsp;&nbsp; 10327195, 4.719%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 13465 | 12575 | 12657 |
| &nbsp;&nbsp;&nbsp; 10327659, 5.158%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 14765 | 13705 | 13884 |
| &nbsp;&nbsp;&nbsp; 10328157, 6.514%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 5577 | 5081 | 5272 |
| &nbsp;&nbsp;&nbsp; 10328354, 6.670%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 6994 | 6358 | 6504 |
| &nbsp;&nbsp;&nbsp; 10328590, 6.665%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 2515 | 2286 | 2403 |
| &nbsp;&nbsp;&nbsp; 10334054, 6.667%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 1273 | 1157 | 1200 |
| &nbsp;&nbsp;&nbsp; 10334178, 4.724%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 4466 | 4170 | 4216 |
| &nbsp;&nbsp;&nbsp; 10334309, 5.157%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 1923 | 1785 | 1815 |
| &nbsp;&nbsp;&nbsp; 10334394, 5.158%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 10424 | 9675 | 9797 |
| &nbsp;&nbsp;&nbsp; 10334997, 6.348%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 2717 | 2481 | 2527 |
| &nbsp;&nbsp;&nbsp; 10335368, 4.726%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 2818 | 2631 | 2668 |
| &nbsp;&nbsp;&nbsp; 10335570, 5.479%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 4642 | 4289 | 4318 |
| &nbsp;&nbsp;&nbsp; 10335774, 5.157%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 1962 | 1821 | 1848 |
| &nbsp;&nbsp;&nbsp; 10335835, 6.665%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 5300 | 4818 | 4362 |
| &nbsp;&nbsp;&nbsp; 10335985, 4.717%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 9924 | 9268 | 9371 |
| &nbsp;&nbsp;&nbsp; 10336506, 4.717%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 6306 | 5890 | 5913 |
| &nbsp;&nbsp;&nbsp; 10336690, 6.353%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 50304 | 45927 | 45199 |
| &nbsp;&nbsp;&nbsp; 10338248, 6.647%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 896 | 814 | 844 |
| &nbsp;&nbsp;&nbsp; 10338277, 6.348%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 2630 | 2401 | 2479 |
| &nbsp;&nbsp;&nbsp; 10338396, 6.659%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 2062 | 1875 | 1827 |
| &nbsp;&nbsp;&nbsp; 10338496, 4.722%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 5555 | 5188 | 5245 |
| &nbsp;&nbsp;&nbsp; 10338771, 6.668%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 3217 | 2925 | 3053 |
| &nbsp;&nbsp;&nbsp; 10338978, 6.536%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 934 | 851 | 874 |
| &nbsp;&nbsp;&nbsp; 10339389, 5.472%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 3880 | 3586 | 3674 |
| &nbsp;&nbsp;&nbsp; 10339710, 4.709%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 3312 | 3093 | 3123 |
| &nbsp;&nbsp;&nbsp; 10340017, 5.162%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 7298 | 6774 | 6840 |
| &nbsp;&nbsp;&nbsp; 10340701, 5.721%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 10082 | 9285 | 9506 |
| &nbsp;&nbsp;&nbsp; 10341125, 5.155%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 7146 | 6633 | 6697 |
| &nbsp;&nbsp;&nbsp; 10341382, 4.721%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 8975 | 8381 | 8473 |
| &nbsp;&nbsp;&nbsp; 10341723, 6.355%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 4970 | 4537 | 4636 |
| &nbsp;&nbsp;&nbsp; 10341916, 5.150%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 4635 | 4303 | 4282 |
| &nbsp;&nbsp;&nbsp; 10342156, 6.289%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 3877 | 3543 | 3663 |
| &nbsp;&nbsp;&nbsp; 10342305, 5.726%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 5430 | 5001 | 5105 |
| &nbsp;&nbsp;&nbsp; 10342406, 6.353%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 4613 | 4211 | 4304 |
| &nbsp;&nbsp;&nbsp; 10342516, 4.719%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 13785 | 12874 | 12995 |
| &nbsp;&nbsp;&nbsp; 10342860, 6.289%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 9676 | 8842 | 9141 |
| &nbsp;&nbsp;&nbsp; 10343225, 5.163%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 2919 | 2709 | 2749 |
| &nbsp;&nbsp;&nbsp; 10343324, 4.719%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 8620 | 8050 | 8138 |
| &nbsp;&nbsp;&nbsp; 10343645, 6.336%, 7/16/2027 †§x¶ | Square | 1/21/2026 | 1731 | 1581 | 1557 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6096** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10343764, 4.718%, 7/16/2027 †§x¶ | Square | 1/21/2026 | $11881 | $11095 | $11199 |
| &nbsp;&nbsp;&nbsp; 10344143, 5.719%, 7/17/2027 †§x¶ | Square | 1/22/2026 | 7140 | 6575 | 6655 |
| &nbsp;&nbsp;&nbsp; 10344569, 4.725%, 7/17/2027 †§x¶ | Square | 1/22/2026 | 1874 | 1750 | 1766 |
| &nbsp;&nbsp;&nbsp; 10344673, 4.712%, 7/17/2027 †§x¶ | Square | 1/22/2026 | 2582 | 2412 | 2427 |
| &nbsp;&nbsp;&nbsp; 10344799, 5.159%, 7/17/2027 †§x¶ | Square | 1/22/2026 | 7324 | 6798 | 6896 |
| &nbsp;&nbsp;&nbsp; 10345201, 5.723%, 7/18/2027 †§x¶ | Square | 1/22/2026 | 7236 | 6663 | 6748 |
| &nbsp;&nbsp;&nbsp; 10345592, 5.729%, 7/18/2027 †§x¶ | Square | 1/22/2026 | 5033 | 4635 | 4723 |
| &nbsp;&nbsp;&nbsp; 10345914, 6.670%, 7/18/2027 †§x¶ | Square | 1/22/2026 | 9284 | 8439 | 8672 |
| &nbsp;&nbsp;&nbsp; 10346453, 4.718%, 7/19/2027 †§x¶ | Square | 1/22/2026 | 30816 | 28779 | 29052 |
| &nbsp;&nbsp;&nbsp; 10349023, 5.159%, 7/20/2027 †§x¶ | Square | 1/22/2026 | 19891 | 18463 | 18540 |
| &nbsp;&nbsp;&nbsp; 10350891, 6.350%, 7/20/2027 †§x¶ | Square | 1/22/2026 | 11119 | 10152 | 10389 |
| &nbsp;&nbsp;&nbsp; 10351565, 6.671%, 7/20/2027 †§x¶ | Square | 1/22/2026 | 4283 | 3893 | 3589 |
| &nbsp;&nbsp;&nbsp; 10351932, 5.979%, 7/20/2027 †§x¶ | Square | 1/22/2026 | 8007 | 7348 | 6993 |
| &nbsp;&nbsp;&nbsp; 10352566, 5.731%, 7/20/2027 †§x¶ | Square | 1/22/2026 | 3054 | 2812 | 2891 |
| &nbsp;&nbsp;&nbsp; 10352807, 4.716%, 7/20/2027 †§x¶ | Square | 1/22/2026 | 3457 | 3229 | 3261 |
| &nbsp;&nbsp;&nbsp; 10353064, 6.662%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 1113 | 1012 | 1056 |
| &nbsp;&nbsp;&nbsp; 10353173, 6.668%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 1899 | 1727 | 1787 |
| &nbsp;&nbsp;&nbsp; 10353222, 4.712%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 4318 | 4033 | 4068 |
| &nbsp;&nbsp;&nbsp; 10353422, 5.156%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 15853 | 14715 | 14935 |
| &nbsp;&nbsp;&nbsp; 10354113, 6.665%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 13110 | 11918 | 11017 |
| &nbsp;&nbsp;&nbsp; 10354722, 4.717%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 30495 | 28480 | 28867 |
| &nbsp;&nbsp;&nbsp; 10355696, 6.289%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 13732 | 12548 | 10900 |
| &nbsp;&nbsp;&nbsp; 10355996, 4.715%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 5082 | 4747 | 4768 |
| &nbsp;&nbsp;&nbsp; 10356204, 6.660%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 2578 | 2344 | 2431 |
| &nbsp;&nbsp;&nbsp; 10356287, 5.471%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 9825 | 9080 | 9244 |
| &nbsp;&nbsp;&nbsp; 10356801, 5.973%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 8869 | 8140 | 8280 |
| &nbsp;&nbsp;&nbsp; 10357106, 5.501%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 3455 | 3192 | 3344 |
| &nbsp;&nbsp;&nbsp; 10357391, 5.161%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 4853 | 4504 | 4564 |
| &nbsp;&nbsp;&nbsp; 10360299, 5.471%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 6333 | 5853 | 5932 |
| &nbsp;&nbsp;&nbsp; 10360671, 4.717%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 3863 | 3607 | 3647 |
| &nbsp;&nbsp;&nbsp; 10360797, 4.717%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 5124 | 4786 | 4825 |
| &nbsp;&nbsp;&nbsp; 10361065, 6.277%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 685 | 626 | 661 |
| &nbsp;&nbsp;&nbsp; 10361145, 6.664%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 5332 | 4848 | 4867 |
| &nbsp;&nbsp;&nbsp; 10361559, 6.659%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 1280 | 1163 | 1163 |
| &nbsp;&nbsp;&nbsp; 10361611, 4.718%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 34786 | 32486 | 32138 |
| &nbsp;&nbsp;&nbsp; 10362996, 4.724%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 2643 | 2468 | 2501 |
| &nbsp;&nbsp;&nbsp; 10363125, 4.717%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 9066 | 8467 | 8548 |
| &nbsp;&nbsp;&nbsp; 10363450, 4.721%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 4299 | 4015 | 4053 |
| &nbsp;&nbsp;&nbsp; 10363559, 6.346%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 2332 | 2129 | 2176 |
| &nbsp;&nbsp;&nbsp; 10363643, 6.667%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 45995 | 41814 | 41956 |
| &nbsp;&nbsp;&nbsp; 1036464537, 25.939%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 229 | 241 | 245 |
| &nbsp;&nbsp;&nbsp; 10365088, 4.717%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 3713 | 3468 | 3432 |
| &nbsp;&nbsp;&nbsp; 10365396, 5.973%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 7214 | 6621 | 6655 |
| &nbsp;&nbsp;&nbsp; 10365899, 4.719%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 6789 | 6341 | 6274 |
| &nbsp;&nbsp;&nbsp; 10366292, 5.724%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 26782 | 24664 | 24869 |
| &nbsp;&nbsp;&nbsp; 10367829, 6.662%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 4977 | 4524 | 4638 |
| &nbsp;&nbsp;&nbsp; 10368080, 4.718%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 49828 | 46535 | 46739 |
| &nbsp;&nbsp;&nbsp; 10369703, 5.723%, 7/24/2027 †§x¶ | Square | 1/28/2026 | 17420 | 16043 | 16182 |
| &nbsp;&nbsp;&nbsp; 10370148, 6.645%, 7/24/2027 †§x¶ | Square | 1/28/2026 | 1034 | 941 | 946 |
| &nbsp;&nbsp;&nbsp; 10370175, 5.152%, 7/24/2027 †§x¶ | Square | 1/28/2026 | 3741 | 3473 | 3504 |
| &nbsp;&nbsp;&nbsp; 10370296, 5.723%, 7/24/2027 †§x¶ | Square | 1/28/2026 | 22486 | 20708 | 21206 |
| &nbsp;&nbsp;&nbsp; 10371037, 4.717%, 7/25/2027 †§x¶ | Square | 1/28/2026 | 13847 | 12932 | 13053 |
| &nbsp;&nbsp;&nbsp; 10372358, 6.667%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 26500 | 24091 | 24631 |
| &nbsp;&nbsp;&nbsp; 10374458, 4.717%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 8823 | 8240 | 8295 |
| &nbsp;&nbsp;&nbsp; 10374781, 4.717%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 4114 | 3842 | 3879 |
| &nbsp;&nbsp;&nbsp; 10374962, 4.715%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 4042 | 3775 | 3793 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6097** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10375159, 5.725%, 7/26/2027 †§x¶ | Square | 1/28/2026 | $7346 | $6765 | $6861 |
| &nbsp;&nbsp;&nbsp; 10375402, 4.719%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 17846 | 16667 | 16779 |
| &nbsp;&nbsp;&nbsp; 10376273, 4.719%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 6881 | 6426 | 6368 |
| &nbsp;&nbsp;&nbsp; 10376530, 6.682%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 713 | 648 | 674 |
| &nbsp;&nbsp;&nbsp; 10376535, 4.714%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 2072 | 1936 | 1955 |
| &nbsp;&nbsp;&nbsp; 10376645, 4.717%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 3175 | 2966 | 2980 |
| &nbsp;&nbsp;&nbsp; 10376769, 6.673%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 1850 | 1682 | 1745 |
| &nbsp;&nbsp;&nbsp; 10377015, 4.713%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 5422 | 5064 | 5118 |
| &nbsp;&nbsp;&nbsp; 10377224, 6.669%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 7024 | 6385 | 5985 |
| &nbsp;&nbsp;&nbsp; 10377591, 6.667%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 9656 | 8779 | 9050 |
| &nbsp;&nbsp;&nbsp; 10378549, 4.717%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 4157 | 3882 | 3916 |
| &nbsp;&nbsp;&nbsp; 10378760, 6.289%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 7028 | 6423 | 5807 |
| &nbsp;&nbsp;&nbsp; 10379082, 4.725%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 3768 | 3519 | 3553 |
| &nbsp;&nbsp;&nbsp; 10379290, 6.656%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 1456 | 1324 | 1364 |
| &nbsp;&nbsp;&nbsp; 10379352, 4.715%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 9843 | 9193 | 9272 |
| &nbsp;&nbsp;&nbsp; 10379735, 5.156%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 28570 | 26519 | 26965 |
| &nbsp;&nbsp;&nbsp; 10380833, 5.157%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 2031 | 1885 | 1904 |
| &nbsp;&nbsp;&nbsp; 10380892, 4.715%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 3216 | 3004 | 3018 |
| &nbsp;&nbsp;&nbsp; 10380938, 6.352%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 33344 | 30443 | 28972 |
| &nbsp;&nbsp;&nbsp; 10381883, 4.721%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 7938 | 7413 | 7438 |
| &nbsp;&nbsp;&nbsp; 10382776, 6.672%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 5043 | 4584 | 4575 |
| &nbsp;&nbsp;&nbsp; 1038322540, 25.852%, 8/15/2026 †x¥# | Stripe | 2/20/2025 | 3600 | 3744 | 180 |
| &nbsp;&nbsp;&nbsp; 10383394, 4.717%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 15378 | 14362 | 14405 |
| &nbsp;&nbsp;&nbsp; 10384079, 4.719%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 20104 | 18775 | 18832 |
| &nbsp;&nbsp;&nbsp; 10384882, 5.464%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 3389 | 3133 | 3140 |
| &nbsp;&nbsp;&nbsp; 10385040, 4.718%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 11327 | 10579 | 10611 |
| &nbsp;&nbsp;&nbsp; 10385576, 4.717%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 6694 | 6252 | 6271 |
| &nbsp;&nbsp;&nbsp; 10386009, 6.668%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 2323 | 2111 | 2118 |
| &nbsp;&nbsp;&nbsp; 10386174, 6.309%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 1095 | 1000 | 987 |
| &nbsp;&nbsp;&nbsp; 10386218, 4.713%, 7/28/2027 †§x¶ | Square | 1/30/2026 | 5184 | 4841 | 4855 |
| &nbsp;&nbsp;&nbsp; 1038661155, 26.495%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 1850 | 1924 | 93 |
| &nbsp;&nbsp;&nbsp; 10389379, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 13800 | 12889 | 12927 |
| &nbsp;&nbsp;&nbsp; 10389477, 4.741%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 1335 | 1247 | 1250 |
| &nbsp;&nbsp;&nbsp; 10389483, 5.501%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 6539 | 6041 | 5950 |
| &nbsp;&nbsp;&nbsp; 10389508, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 44895 | 41928 | 42052 |
| &nbsp;&nbsp;&nbsp; 10389767, 6.350%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 7654 | 6988 | 6993 |
| &nbsp;&nbsp;&nbsp; 10389832, 6.509%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 10313 | 9396 | 9361 |
| &nbsp;&nbsp;&nbsp; 10389991, 6.345%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 2912 | 2659 | 2664 |
| &nbsp;&nbsp;&nbsp; 10390032, 5.718%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 2757 | 2540 | 2538 |
| &nbsp;&nbsp;&nbsp; 10390066, 5.501%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 8835 | 8162 | 7990 |
| &nbsp;&nbsp;&nbsp; 10390221, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 18999 | 17743 | 17784 |
| &nbsp;&nbsp;&nbsp; 10390683, 4.724%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 4693 | 4382 | 4395 |
| &nbsp;&nbsp;&nbsp; 10390763, 6.661%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 3716 | 3379 | 3360 |
| &nbsp;&nbsp;&nbsp; 10390790, 6.346%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 1157 | 1057 | 1059 |
| &nbsp;&nbsp;&nbsp; 10390802, 4.718%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 22607 | 21113 | 21171 |
| &nbsp;&nbsp;&nbsp; 10391004, 4.716%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 5231 | 4886 | 4899 |
| &nbsp;&nbsp;&nbsp; 10391085, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 10825 | 10110 | 10142 |
| &nbsp;&nbsp;&nbsp; 10391282, 6.352%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 2444 | 2232 | 2222 |
| &nbsp;&nbsp;&nbsp; 10391306, 5.156%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 8618 | 7999 | 8019 |
| &nbsp;&nbsp;&nbsp; 10391443, 6.297%, 7/29/2027 †x¶ | Square | 2/02/2026 | 1833 | 1675 | 1679 |
| &nbsp;&nbsp;&nbsp; 10391471, 4.752%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 947 | 884 | 886 |
| &nbsp;&nbsp;&nbsp; 10391500, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 99225 | 92668 | 92978 |
| &nbsp;&nbsp;&nbsp; 10392216, 5.724%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 46169 | 42519 | 42666 |
| &nbsp;&nbsp;&nbsp; 10392552, 5.975%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 33545 | 30786 | 30841 |
| &nbsp;&nbsp;&nbsp; 10392802, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 84002 | 78451 | 78679 |
| &nbsp;&nbsp;&nbsp; 1039287463, 18.796%, 10/31/2026 †x¥ | Stripe | 5/07/2025 | 10333 | 10747 | 10884 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6098** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10394088, 4.738%, 7/29/2027 †§x¶ | Square | 2/02/2026 | $1555 | $1452 | $1456 |
| &nbsp;&nbsp;&nbsp; 10394101, 6.353%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 23889 | 21810 | 21807 |
| &nbsp;&nbsp;&nbsp; 10394433, 6.362%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 2318 | 2116 | 2117 |
| &nbsp;&nbsp;&nbsp; 10394483, 6.347%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 3874 | 3537 | 3540 |
| &nbsp;&nbsp;&nbsp; 10394555, 5.498%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 1764 | 1629 | 1571 |
| &nbsp;&nbsp;&nbsp; 10394578, 5.158%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 6276 | 5825 | 5837 |
| &nbsp;&nbsp;&nbsp; 10394625, 5.486%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 2408 | 2225 | 2232 |
| &nbsp;&nbsp;&nbsp; 10394660, 5.724%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 38025 | 35018 | 34971 |
| &nbsp;&nbsp;&nbsp; 10395134, 6.667%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 22380 | 20345 | 20363 |
| &nbsp;&nbsp;&nbsp; 10395410, 5.975%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 16371 | 15025 | 15044 |
| &nbsp;&nbsp;&nbsp; 10395900, 6.353%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 57873 | 52838 | 52841 |
| &nbsp;&nbsp;&nbsp; 10396544, 5.490%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 1304 | 1205 | 1171 |
| &nbsp;&nbsp;&nbsp; 10396550, 6.289%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 3974 | 3631 | 3329 |
| &nbsp;&nbsp;&nbsp; 10396622, 5.157%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 12619 | 11713 | 11729 |
| &nbsp;&nbsp;&nbsp; 10396726, 4.718%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 35511 | 33164 | 33262 |
| &nbsp;&nbsp;&nbsp; 10397104, 4.717%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 17460 | 16306 | 16347 |
| &nbsp;&nbsp;&nbsp; 10397268, 5.157%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 4624 | 4292 | 4302 |
| &nbsp;&nbsp;&nbsp; 10397333, 6.514%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 3160 | 2878 | 2880 |
| &nbsp;&nbsp;&nbsp; 10397356, 6.661%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 6292 | 5721 | 5738 |
| &nbsp;&nbsp;&nbsp; 10397448, 4.711%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 3535 | 3302 | 3310 |
| &nbsp;&nbsp;&nbsp; 10397482, 4.717%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 29763 | 27796 | 27877 |
| &nbsp;&nbsp;&nbsp; 10397814, 5.472%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 20922 | 19335 | 19367 |
| &nbsp;&nbsp;&nbsp; 10398204, 6.669%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 3185 | 2895 | 2892 |
| &nbsp;&nbsp;&nbsp; 10398231, 4.717%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 23097 | 21571 | 21642 |
| &nbsp;&nbsp;&nbsp; 10398404, 4.719%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 7598 | 7095 | 7117 |
| &nbsp;&nbsp;&nbsp; 10398545, 4.717%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 14818 | 13839 | 13877 |
| &nbsp;&nbsp;&nbsp; 10398672, 5.976%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 2211 | 2029 | 2032 |
| &nbsp;&nbsp;&nbsp; 10398700, 6.351%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 8177 | 7466 | 7464 |
| &nbsp;&nbsp;&nbsp; 10398806, 4.719%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 9419 | 8796 | 8819 |
| &nbsp;&nbsp;&nbsp; 10398963, 5.157%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 75052 | 69663 | 69838 |
| &nbsp;&nbsp;&nbsp; 10400092, 5.532%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 817 | 754 | 731 |
| &nbsp;&nbsp;&nbsp; 10400121, 6.353%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 1575 | 1438 | 1412 |
| &nbsp;&nbsp;&nbsp; 10400142, 6.348%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 6174 | 5637 | 5634 |
| &nbsp;&nbsp;&nbsp; 10400171, 6.508%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 5022 | 4576 | 4572 |
| &nbsp;&nbsp;&nbsp; 10400209, 5.972%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 2676 | 2456 | 2455 |
| &nbsp;&nbsp;&nbsp; 10400230, 6.356%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 6779 | 6189 | 6156 |
| &nbsp;&nbsp;&nbsp; 10400290, 5.157%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 6686 | 6206 | 6222 |
| &nbsp;&nbsp;&nbsp; 10400317, 5.157%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 8752 | 8123 | 8147 |
| &nbsp;&nbsp;&nbsp; 10400382, 5.979%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 7988 | 7331 | 7314 |
| &nbsp;&nbsp;&nbsp; 10400445, 6.316%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 1069 | 977 | 976 |
| &nbsp;&nbsp;&nbsp; 10400454, 6.344%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 1220 | 1114 | 1114 |
| &nbsp;&nbsp;&nbsp; 10400459, 4.717%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 10909 | 10189 | 10207 |
| &nbsp;&nbsp;&nbsp; 10400539, 5.969%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 4546 | 4173 | 4170 |
| &nbsp;&nbsp;&nbsp; 10400573, 6.667%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 25130 | 22845 | 22834 |
| &nbsp;&nbsp;&nbsp; 10400761, 4.717%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 12583 | 11751 | 11781 |
| &nbsp;&nbsp;&nbsp; 10400851, 5.732%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 3443 | 3170 | 3179 |
| &nbsp;&nbsp;&nbsp; 10400872, 5.507%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 1715 | 1584 | 1553 |
| &nbsp;&nbsp;&nbsp; 10400889, 5.723%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 3368 | 3101 | 3110 |
| &nbsp;&nbsp;&nbsp; 10400917, 4.727%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 3112 | 2906 | 2914 |
| &nbsp;&nbsp;&nbsp; 10400939, 5.726%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 1443 | 1329 | 1330 |
| &nbsp;&nbsp;&nbsp; 10400952, 4.715%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 5973 | 5578 | 5594 |
| &nbsp;&nbsp;&nbsp; 10400992, 5.506%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 6330 | 5847 | 5751 |
| &nbsp;&nbsp;&nbsp; 10401042, 6.670%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 4698 | 4271 | 4271 |
| &nbsp;&nbsp;&nbsp; 10401079, 4.721%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 5599 | 5229 | 5243 |
| &nbsp;&nbsp;&nbsp; 10401112, 4.715%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 4607 | 4303 | 4313 |
| &nbsp;&nbsp;&nbsp; 10401155, 4.722%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 5610 | 5239 | 5253 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6099** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10401199, 4.715%, 8/01/2027 †§x¶ | Square | 2/04/2026 | $5870 | $5482 | $5496 |
| &nbsp;&nbsp;&nbsp; 10401234, 5.475%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 925 | 855 | 846 |
| &nbsp;&nbsp;&nbsp; 10401239, 6.368%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 1781 | 1626 | 1632 |
| &nbsp;&nbsp;&nbsp; 10401255, 4.719%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 16072 | 15009 | 15048 |
| &nbsp;&nbsp;&nbsp; 10401386, 4.717%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 3649 | 3408 | 3416 |
| &nbsp;&nbsp;&nbsp; 10401403, 4.717%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 9191 | 8584 | 8606 |
| &nbsp;&nbsp;&nbsp; 10401463, 6.667%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 5567 | 5061 | 4955 |
| &nbsp;&nbsp;&nbsp; 10401536, 6.659%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 1771 | 1610 | 1608 |
| &nbsp;&nbsp;&nbsp; 10401556, 5.157%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 18979 | 17617 | 17642 |
| &nbsp;&nbsp;&nbsp; 10401734, 6.669%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 12095 | 10995 | 10977 |
| &nbsp;&nbsp;&nbsp; 10401840, 4.719%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 14999 | 14008 | 14045 |
| &nbsp;&nbsp;&nbsp; 10401954, 6.352%, 8/01/2027 †§x¶ | Square | 2/04/2026 | 14903 | 13607 | 13624 |
| &nbsp;&nbsp;&nbsp; 10402062, 4.719%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 14602 | 13637 | 13673 |
| &nbsp;&nbsp;&nbsp; 10402612, 5.977%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 1729 | 1587 | 1586 |
| &nbsp;&nbsp;&nbsp; 10402674, 5.158%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 17612 | 16347 | 16381 |
| &nbsp;&nbsp;&nbsp; 10403144, 5.471%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 14835 | 13710 | 13750 |
| &nbsp;&nbsp;&nbsp; 10403542, 6.682%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 844 | 767 | 767 |
| &nbsp;&nbsp;&nbsp; 10403590, 4.717%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 15514 | 14489 | 14529 |
| &nbsp;&nbsp;&nbsp; 10403933, 5.508%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 3453 | 3190 | 2908 |
| &nbsp;&nbsp;&nbsp; 10404026, 6.665%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 18296 | 16633 | 16559 |
| &nbsp;&nbsp;&nbsp; 10404174, 4.720%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 10855 | 10137 | 10163 |
| &nbsp;&nbsp;&nbsp; 10404276, 4.717%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 8589 | 8022 | 8045 |
| &nbsp;&nbsp;&nbsp; 10404439, 5.499%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 3044 | 2812 | 2785 |
| &nbsp;&nbsp;&nbsp; 10404491, 4.722%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 5127 | 4788 | 4802 |
| &nbsp;&nbsp;&nbsp; 10404566, 5.723%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 106736 | 98298 | 98507 |
| &nbsp;&nbsp;&nbsp; 10405897, 6.666%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 19205 | 17459 | 17449 |
| &nbsp;&nbsp;&nbsp; 10406007, 4.717%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 64669 | 60396 | 60573 |
| &nbsp;&nbsp;&nbsp; 10406696, 6.664%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 3227 | 2933 | 2924 |
| &nbsp;&nbsp;&nbsp; 10406712, 4.717%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 4189 | 3912 | 3922 |
| &nbsp;&nbsp;&nbsp; 10406726, 6.674%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 2407 | 2188 | 2183 |
| &nbsp;&nbsp;&nbsp; 10406741, 5.724%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 22123 | 20374 | 20399 |
| &nbsp;&nbsp;&nbsp; 10406868, 5.159%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 10612 | 9850 | 9874 |
| &nbsp;&nbsp;&nbsp; 10406932, 4.717%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 4346 | 4058 | 4070 |
| &nbsp;&nbsp;&nbsp; 10406969, 6.298%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 2756 | 2519 | 2500 |
| &nbsp;&nbsp;&nbsp; 10406990, 6.507%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 7902 | 7199 | 7123 |
| &nbsp;&nbsp;&nbsp; 10407061, 5.472%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 9640 | 8908 | 8926 |
| &nbsp;&nbsp;&nbsp; 10407139, 6.667%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 6677 | 6070 | 6077 |
| &nbsp;&nbsp;&nbsp; 10407176, 6.349%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 2146 | 1959 | 1958 |
| &nbsp;&nbsp;&nbsp; 10407185, 6.671%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 4798 | 4362 | 4321 |
| &nbsp;&nbsp;&nbsp; 10407211, 6.650%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 1204 | 1095 | 1097 |
| &nbsp;&nbsp;&nbsp; 10407267, 6.352%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5342 | 4877 | 4885 |
| &nbsp;&nbsp;&nbsp; 10407315, 6.353%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 6775 | 6186 | 6204 |
| &nbsp;&nbsp;&nbsp; 10407374, 6.509%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 11996 | 10929 | 10865 |
| &nbsp;&nbsp;&nbsp; 10407488, 6.345%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 1974 | 1803 | 1800 |
| &nbsp;&nbsp;&nbsp; 10407523, 4.717%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5344 | 4991 | 5005 |
| &nbsp;&nbsp;&nbsp; 10407562, 5.517%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 1578 | 1457 | 1437 |
| &nbsp;&nbsp;&nbsp; 10407571, 4.720%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5819 | 5435 | 5448 |
| &nbsp;&nbsp;&nbsp; 10407626, 6.652%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 731 | 665 | 641 |
| &nbsp;&nbsp;&nbsp; 10407656, 5.473%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 8254 | 7628 | 7641 |
| &nbsp;&nbsp;&nbsp; 10408449, 5.723%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 10468 | 9640 | 9649 |
| &nbsp;&nbsp;&nbsp; 10408551, 4.714%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 4751 | 4437 | 4449 |
| &nbsp;&nbsp;&nbsp; 10408583, 5.473%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 10214 | 9439 | 9429 |
| &nbsp;&nbsp;&nbsp; 10408810, 6.668%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5342 | 4857 | 4855 |
| &nbsp;&nbsp;&nbsp; 10408916, 5.705%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 1514 | 1395 | 1397 |
| &nbsp;&nbsp;&nbsp; 10408953, 5.729%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5416 | 4988 | 4994 |
| &nbsp;&nbsp;&nbsp; 10409027, 4.717%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 25431 | 23750 | 23815 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6100** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10409273, 6.351%, 8/03/2027 †§x¶ | Square | 2/05/2026 | $4834 | $4414 | $4428 |
| &nbsp;&nbsp;&nbsp; 10409314, 5.719%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 4458 | 4106 | 4111 |
| &nbsp;&nbsp;&nbsp; 10409368, 4.725%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 4222 | 3942 | 3951 |
| &nbsp;&nbsp;&nbsp; 10409432, 6.666%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 31647 | 28770 | 28795 |
| &nbsp;&nbsp;&nbsp; 10409816, 5.157%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 34701 | 32209 | 32280 |
| &nbsp;&nbsp;&nbsp; 10410161, 4.717%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 14323 | 13376 | 13411 |
| &nbsp;&nbsp;&nbsp; 10410273, 5.725%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5753 | 5298 | 5304 |
| &nbsp;&nbsp;&nbsp; 10410330, 5.723%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 12464 | 11478 | 11484 |
| &nbsp;&nbsp;&nbsp; 10410410, 5.472%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 48450 | 44775 | 44877 |
| &nbsp;&nbsp;&nbsp; 10410747, 4.717%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 7189 | 6714 | 6732 |
| &nbsp;&nbsp;&nbsp; 10410829, 5.973%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 7551 | 6930 | 6948 |
| &nbsp;&nbsp;&nbsp; 10410909, 5.168%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 2791 | 2590 | 2598 |
| &nbsp;&nbsp;&nbsp; 10410950, 4.717%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 15640 | 14606 | 14652 |
| &nbsp;&nbsp;&nbsp; 10411053, 5.732%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 3059 | 2817 | 2814 |
| &nbsp;&nbsp;&nbsp; 10411077, 6.517%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 4366 | 3978 | 3984 |
| &nbsp;&nbsp;&nbsp; 10411113, 6.289%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 3419 | 3125 | 3065 |
| &nbsp;&nbsp;&nbsp; 10411164, 5.157%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 63077 | 58547 | 58704 |
| &nbsp;&nbsp;&nbsp; 10411611, 5.980%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5389 | 4945 | 4931 |
| &nbsp;&nbsp;&nbsp; 10411645, 6.665%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 5372 | 4884 | 4874 |
| &nbsp;&nbsp;&nbsp; 10411689, 6.344%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 3556 | 3247 | 3247 |
| &nbsp;&nbsp;&nbsp; 10411726, 4.718%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 58898 | 55005 | 55151 |
| &nbsp;&nbsp;&nbsp; 10412244, 4.706%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 2256 | 2107 | 2111 |
| &nbsp;&nbsp;&nbsp; 10412272, 6.274%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 839 | 767 | 762 |
| &nbsp;&nbsp;&nbsp; 10412286, 4.714%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 4943 | 4616 | 4627 |
| &nbsp;&nbsp;&nbsp; 10412335, 5.158%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 34088 | 31640 | 31687 |
| &nbsp;&nbsp;&nbsp; 10412806, 6.349%, 8/03/2027 †x¶ | Square | 2/05/2026 | 1962 | 1791 | 1799 |
| &nbsp;&nbsp;&nbsp; 10412818, 6.345%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 3473 | 3171 | 3172 |
| &nbsp;&nbsp;&nbsp; 10412849, 5.155%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 13442 | 12477 | 12513 |
| &nbsp;&nbsp;&nbsp; 10412914, 6.669%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 1768 | 1608 | 1612 |
| &nbsp;&nbsp;&nbsp; 10412973, 4.718%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 33181 | 30988 | 31059 |
| &nbsp;&nbsp;&nbsp; 10413262, 4.717%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 73039 | 68213 | 68374 |
| &nbsp;&nbsp;&nbsp; 10413890, 5.722%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 9301 | 8568 | 8578 |
| &nbsp;&nbsp;&nbsp; 10414089, 6.672%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 5976 | 5433 | 5430 |
| &nbsp;&nbsp;&nbsp; 10414194, 5.717%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 2890 | 2661 | 2663 |
| &nbsp;&nbsp;&nbsp; 10414258, 5.154%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 5545 | 5147 | 5157 |
| &nbsp;&nbsp;&nbsp; 10414367, 6.352%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 21131 | 19293 | 19308 |
| &nbsp;&nbsp;&nbsp; 10414563, 6.659%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 973 | 885 | 888 |
| &nbsp;&nbsp;&nbsp; 10414572, 5.725%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 11909 | 10967 | 10980 |
| &nbsp;&nbsp;&nbsp; 10414660, 5.725%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 14851 | 13676 | 13700 |
| &nbsp;&nbsp;&nbsp; 10414791, 4.718%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 23583 | 22024 | 22077 |
| &nbsp;&nbsp;&nbsp; 10414992, 4.722%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 3408 | 3182 | 3190 |
| &nbsp;&nbsp;&nbsp; 10415043, 6.667%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 4064 | 3695 | 3707 |
| &nbsp;&nbsp;&nbsp; 10415076, 4.730%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 1313 | 1226 | 1229 |
| &nbsp;&nbsp;&nbsp; 10415142, 6.668%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 3850 | 3500 | 3499 |
| &nbsp;&nbsp;&nbsp; 10415208, 5.722%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 12537 | 11546 | 11575 |
| &nbsp;&nbsp;&nbsp; 10415380, 4.718%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 35133 | 32811 | 32894 |
| &nbsp;&nbsp;&nbsp; 10415724, 6.676%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 2557 | 2324 | 2311 |
| &nbsp;&nbsp;&nbsp; 10415750, 5.157%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 89149 | 82748 | 82894 |
| &nbsp;&nbsp;&nbsp; 10416444, 4.720%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 3688 | 3444 | 3453 |
| &nbsp;&nbsp;&nbsp; 10416490, 5.725%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 3091 | 2847 | 2851 |
| &nbsp;&nbsp;&nbsp; 10416539, 6.667%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 42716 | 38833 | 38792 |
| &nbsp;&nbsp;&nbsp; 10416989, 4.721%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 8255 | 7709 | 7729 |
| &nbsp;&nbsp;&nbsp; 10417036, 5.721%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 5492 | 5058 | 5065 |
| &nbsp;&nbsp;&nbsp; 10417100, 4.715%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 4303 | 4019 | 4029 |
| &nbsp;&nbsp;&nbsp; 10417154, 5.975%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 21684 | 19900 | 19913 |
| &nbsp;&nbsp;&nbsp; 10417302, 4.717%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 17552 | 16392 | 16435 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6101** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10417563, 6.289%, 8/04/2027 †§x¶ | Square | 2/06/2026 | $15303 | $13984 | $13809 |
| &nbsp;&nbsp;&nbsp; 10417650, 6.666%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 18981 | 17256 | 17225 |
| &nbsp;&nbsp;&nbsp; 10417858, 5.157%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 6413 | 5953 | 5967 |
| &nbsp;&nbsp;&nbsp; 10421152, 5.158%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 11692 | 10852 | 10869 |
| &nbsp;&nbsp;&nbsp; 10421265, 4.715%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 11434 | 10679 | 10704 |
| &nbsp;&nbsp;&nbsp; 10421327, 5.503%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 395 | 365 | 360 |
| &nbsp;&nbsp;&nbsp; 10421328, 6.661%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 4505 | 4095 | 4086 |
| &nbsp;&nbsp;&nbsp; 10421376, 6.664%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 2264 | 2058 | 2044 |
| &nbsp;&nbsp;&nbsp; 10421389, 6.662%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 1456 | 1324 | 1325 |
| &nbsp;&nbsp;&nbsp; 10421395, 6.659%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 3523 | 3204 | 3170 |
| &nbsp;&nbsp;&nbsp; 10421415, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 6781 | 6294 | 6303 |
| &nbsp;&nbsp;&nbsp; 10421447, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 32232 | 30103 | 30171 |
| &nbsp;&nbsp;&nbsp; 10421672, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 20334 | 18991 | 19032 |
| &nbsp;&nbsp;&nbsp; 10422165, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 7937 | 7413 | 7432 |
| &nbsp;&nbsp;&nbsp; 10422368, 5.505%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 2419 | 2234 | 2211 |
| &nbsp;&nbsp;&nbsp; 10422411, 5.472%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 4248 | 3926 | 3931 |
| &nbsp;&nbsp;&nbsp; 10422512, 4.725%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 4525 | 4225 | 4236 |
| &nbsp;&nbsp;&nbsp; 10422567, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 16801 | 15691 | 15720 |
| &nbsp;&nbsp;&nbsp; 10422719, 6.665%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 15149 | 13772 | 13767 |
| &nbsp;&nbsp;&nbsp; 10422892, 6.485%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 1159 | 1057 | 1045 |
| &nbsp;&nbsp;&nbsp; 10422911, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 36796 | 34365 | 34438 |
| &nbsp;&nbsp;&nbsp; 10423360, 6.667%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 5303 | 4820 | 4820 |
| &nbsp;&nbsp;&nbsp; 10423493, 5.722%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 3508 | 3231 | 3240 |
| &nbsp;&nbsp;&nbsp; 10423537, 4.709%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 2955 | 2760 | 2766 |
| &nbsp;&nbsp;&nbsp; 10423561, 4.726%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 3728 | 3481 | 3489 |
| &nbsp;&nbsp;&nbsp; 10423572, 6.510%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 67820 | 61786 | 61566 |
| &nbsp;&nbsp;&nbsp; 10424052, 5.509%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 4626 | 4273 | 4228 |
| &nbsp;&nbsp;&nbsp; 10424102, 6.656%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 1294 | 1176 | 1177 |
| &nbsp;&nbsp;&nbsp; 10424126, 5.158%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 3700 | 3434 | 3441 |
| &nbsp;&nbsp;&nbsp; 10424149, 6.673%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 3572 | 3247 | 3237 |
| &nbsp;&nbsp;&nbsp; 10424177, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 24323 | 22576 | 22620 |
| &nbsp;&nbsp;&nbsp; 10424489, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 43797 | 40652 | 40738 |
| &nbsp;&nbsp;&nbsp; 10424780, 6.667%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 1641 | 1492 | 1493 |
| &nbsp;&nbsp;&nbsp; 10424796, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 70577 | 65509 | 65610 |
| &nbsp;&nbsp;&nbsp; 10425291, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 25516 | 23829 | 23874 |
| &nbsp;&nbsp;&nbsp; 1042539900, 26.095%, 7/01/2026 †x¥ | Stripe | 1/06/2025 | 310 | 323 | 333 |
| &nbsp;&nbsp;&nbsp; 10425499, 5.162%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 3739 | 3470 | 3477 |
| &nbsp;&nbsp;&nbsp; 10425540, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 1848 | 1726 | 1728 |
| &nbsp;&nbsp;&nbsp; 10425564, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 51523 | 47824 | 47901 |
| &nbsp;&nbsp;&nbsp; 10426063, 5.955%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 1439 | 1321 | 1324 |
| &nbsp;&nbsp;&nbsp; 10426081, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 985 | 919 | 921 |
| &nbsp;&nbsp;&nbsp; 10426105, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 19684 | 18271 | 18303 |
| &nbsp;&nbsp;&nbsp; 10426311, 6.354%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 5342 | 4877 | 4875 |
| &nbsp;&nbsp;&nbsp; 10426379, 5.521%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 1192 | 1101 | 1087 |
| &nbsp;&nbsp;&nbsp; 10426394, 6.666%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 27388 | 24898 | 24872 |
| &nbsp;&nbsp;&nbsp; 10426483, 5.156%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 21819 | 20252 | 20306 |
| &nbsp;&nbsp;&nbsp; 10427060, 5.729%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 5369 | 4944 | 4948 |
| &nbsp;&nbsp;&nbsp; 10427153, 4.716%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 13656 | 12754 | 12783 |
| &nbsp;&nbsp;&nbsp; 10427314, 6.670%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 9888 | 8988 | 9006 |
| &nbsp;&nbsp;&nbsp; 10427607, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 15558 | 14530 | 14559 |
| &nbsp;&nbsp;&nbsp; 10428060, 5.988%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 1018 | 957 | 911 |
| &nbsp;&nbsp;&nbsp; 10428129, 4.715%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 9410 | 8789 | 8807 |
| &nbsp;&nbsp;&nbsp; 10428290, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 69308 | 64728 | 64856 |
| &nbsp;&nbsp;&nbsp; 10428883, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 24981 | 23330 | 23378 |
| &nbsp;&nbsp;&nbsp; 10429188, 5.472%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 79459 | 73432 | 73541 |
| &nbsp;&nbsp;&nbsp; 10429708, 4.719%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 5644 | 5271 | 5282 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6102** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10429766, 6.509%, 8/06/2027 †§x¶ | Square | 2/10/2026 | $13131 | $11963 | $11926 |
| &nbsp;&nbsp;&nbsp; 10429868, 5.721%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 10528 | 9696 | 9715 |
| &nbsp;&nbsp;&nbsp; 10429950, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 103919 | 97052 | 97248 |
| &nbsp;&nbsp;&nbsp; 10431088, 6.278%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 2326 | 2126 | 2124 |
| &nbsp;&nbsp;&nbsp; 10431130, 6.675%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 4055 | 3686 | 3682 |
| &nbsp;&nbsp;&nbsp; 10431193, 6.667%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 522 | 474 | 473 |
| &nbsp;&nbsp;&nbsp; 10431202, 5.979%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 3409 | 3161 | 3125 |
| &nbsp;&nbsp;&nbsp; 10431254, 6.512%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 9578 | 8725 | 8705 |
| &nbsp;&nbsp;&nbsp; 10431404, 4.720%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 9819 | 9169 | 9183 |
| &nbsp;&nbsp;&nbsp; 10431514, 5.142%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 1968 | 1827 | 1830 |
| &nbsp;&nbsp;&nbsp; 10431534, 5.725%, 8/06/2027 †x¶ | Square | 2/10/2026 | 3902 | 3593 | 3603 |
| &nbsp;&nbsp;&nbsp; 10431546, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 10872 | 10154 | 10177 |
| &nbsp;&nbsp;&nbsp; 10431659, 6.654%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 2093 | 1903 | 1902 |
| &nbsp;&nbsp;&nbsp; 10431683, 5.157%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 27984 | 25975 | 26021 |
| &nbsp;&nbsp;&nbsp; 10431912, 6.670%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 9512 | 8646 | 8643 |
| &nbsp;&nbsp;&nbsp; 10431986, 6.672%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 1235 | 1123 | 1123 |
| &nbsp;&nbsp;&nbsp; 10431992, 4.721%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 4444 | 4150 | 4159 |
| &nbsp;&nbsp;&nbsp; 10432039, 5.477%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 2728 | 2520 | 2525 |
| &nbsp;&nbsp;&nbsp; 10432066, 6.666%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 8761 | 7965 | 7976 |
| &nbsp;&nbsp;&nbsp; 10432143, 4.712%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 4547 | 4262 | 4256 |
| &nbsp;&nbsp;&nbsp; 10432187, 6.670%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 2463 | 2239 | 2243 |
| &nbsp;&nbsp;&nbsp; 10432206, 4.717%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 41674 | 38920 | 39015 |
| &nbsp;&nbsp;&nbsp; 10432547, 5.724%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 2467 | 2283 | 2268 |
| &nbsp;&nbsp;&nbsp; 10432577, 5.505%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 3601 | 3326 | 3299 |
| &nbsp;&nbsp;&nbsp; 10432614, 6.667%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 2141 | 1946 | 1945 |
| &nbsp;&nbsp;&nbsp; 10432629, 5.725%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 21865 | 20135 | 20175 |
| &nbsp;&nbsp;&nbsp; 10432791, 6.354%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 7629 | 6965 | 6977 |
| &nbsp;&nbsp;&nbsp; 10432835, 5.723%, 8/07/2027 †x¶ | Square | 2/11/2026 | 7831 | 7212 | 7232 |
| &nbsp;&nbsp;&nbsp; 10432893, 6.677%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 2013 | 1830 | 1823 |
| &nbsp;&nbsp;&nbsp; 10432902, 5.717%, 8/08/2027 †x¶ | Square | 2/11/2026 | 2578 | 2374 | 2381 |
| &nbsp;&nbsp;&nbsp; 10432915, 5.495%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 1313 | 1213 | 1194 |
| &nbsp;&nbsp;&nbsp; 10432924, 5.155%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 14557 | 13512 | 13529 |
| &nbsp;&nbsp;&nbsp; 10433025, 4.707%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 2856 | 2667 | 2673 |
| &nbsp;&nbsp;&nbsp; 10433055, 5.975%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 1082 | 993 | 993 |
| &nbsp;&nbsp;&nbsp; 10433060, 5.515%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 624 | 576 | 566 |
| &nbsp;&nbsp;&nbsp; 10433062, 6.671%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 8522 | 7747 | 7751 |
| &nbsp;&nbsp;&nbsp; 10433122, 5.156%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 17507 | 16250 | 16279 |
| &nbsp;&nbsp;&nbsp; 10433251, 4.718%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 34148 | 31912 | 31955 |
| &nbsp;&nbsp;&nbsp; 10433514, 5.725%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 17843 | 16432 | 16446 |
| &nbsp;&nbsp;&nbsp; 10433639, 6.690%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 1144 | 1040 | 1038 |
| &nbsp;&nbsp;&nbsp; 10433651, 6.272%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 1450 | 1325 | 1312 |
| &nbsp;&nbsp;&nbsp; 10433658, 5.973%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 1647 | 1512 | 1513 |
| &nbsp;&nbsp;&nbsp; 10433675, 5.495%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 852 | 787 | 770 |
| &nbsp;&nbsp;&nbsp; 10433682, 4.717%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 3461 | 3232 | 3239 |
| &nbsp;&nbsp;&nbsp; 10433719, 5.977%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 8415 | 7722 | 7725 |
| &nbsp;&nbsp;&nbsp; 10434777, 5.164%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 2703 | 2509 | 2514 |
| &nbsp;&nbsp;&nbsp; 10434802, 5.975%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 2068 | 1898 | 1896 |
| &nbsp;&nbsp;&nbsp; 10434817, 5.464%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 4203 | 3885 | 3885 |
| &nbsp;&nbsp;&nbsp; 10434853, 4.715%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 8138 | 7601 | 7614 |
| &nbsp;&nbsp;&nbsp; 10435015, 6.352%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 1515 | 1383 | 1383 |
| &nbsp;&nbsp;&nbsp; 10435056, 4.714%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 5544 | 5178 | 5188 |
| &nbsp;&nbsp;&nbsp; 10435214, 4.717%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 21328 | 19918 | 19957 |
| &nbsp;&nbsp;&nbsp; 10435812, 5.470%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 8131 | 7515 | 7522 |
| &nbsp;&nbsp;&nbsp; 10436004, 5.158%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 19012 | 17647 | 17671 |
| &nbsp;&nbsp;&nbsp; 10436377, 5.724%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 18531 | 17066 | 17093 |
| &nbsp;&nbsp;&nbsp; 10436718, 5.725%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 7005 | 6451 | 6460 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6103** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10436835, 4.717%, 8/09/2027 †§x¶ | Square | 2/11/2026 | $1068 | $998 | $1000 |
| &nbsp;&nbsp;&nbsp; 10436848, 5.161%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 3583 | 3326 | 3329 |
| &nbsp;&nbsp;&nbsp; 10436880, 5.504%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 13094 | 12096 | 11985 |
| &nbsp;&nbsp;&nbsp; 10437049, 6.352%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 1116 | 1019 | 1021 |
| &nbsp;&nbsp;&nbsp; 10437052, 6.664%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 3568 | 3244 | 3245 |
| &nbsp;&nbsp;&nbsp; 10437095, 4.718%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 22743 | 21240 | 21280 |
| &nbsp;&nbsp;&nbsp; 10437313, 4.730%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 2568 | 2398 | 2401 |
| &nbsp;&nbsp;&nbsp; 10437318, 5.980%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 6631 | 6086 | 6092 |
| &nbsp;&nbsp;&nbsp; 10437372, 5.473%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 6657 | 6152 | 6162 |
| &nbsp;&nbsp;&nbsp; 10437448, 6.652%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 1577 | 1433 | 1434 |
| &nbsp;&nbsp;&nbsp; 10437461, 6.669%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 1677 | 1525 | 1523 |
| &nbsp;&nbsp;&nbsp; 10437469, 5.154%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 6904 | 6409 | 6415 |
| &nbsp;&nbsp;&nbsp; 10437584, 5.728%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 6992 | 6438 | 6449 |
| &nbsp;&nbsp;&nbsp; 10437645, 4.716%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 2558 | 2389 | 2393 |
| &nbsp;&nbsp;&nbsp; 10437662, 4.719%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 14417 | 13464 | 13491 |
| &nbsp;&nbsp;&nbsp; 10437787, 6.357%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 6258 | 5714 | 5721 |
| &nbsp;&nbsp;&nbsp; 10437881, 4.717%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 40140 | 37488 | 37560 |
| &nbsp;&nbsp;&nbsp; 10438216, 6.341%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 2112 | 1944 | 1931 |
| &nbsp;&nbsp;&nbsp; 10438244, 6.667%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 20573 | 18703 | 18688 |
| &nbsp;&nbsp;&nbsp; 10438583, 4.717%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 21404 | 19990 | 20032 |
| &nbsp;&nbsp;&nbsp; 10438888, 4.717%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 14654 | 13686 | 13716 |
| &nbsp;&nbsp;&nbsp; 10439097, 5.970%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 2575 | 2363 | 2362 |
| &nbsp;&nbsp;&nbsp; 10439110, 6.667%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 4257 | 3890 | 3860 |
| &nbsp;&nbsp;&nbsp; 10439156, 4.715%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 10877 | 10159 | 10182 |
| &nbsp;&nbsp;&nbsp; 10439326, 5.157%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 14776 | 13715 | 13732 |
| &nbsp;&nbsp;&nbsp; 10439634, 6.349%, 8/09/2027 †x¶ | Square | 2/11/2026 | 4876 | 4452 | 4466 |
| &nbsp;&nbsp;&nbsp; 10439759, 6.355%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 10395 | 9490 | 9499 |
| &nbsp;&nbsp;&nbsp; 10439951, 6.667%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 43946 | 39950 | 39816 |
| &nbsp;&nbsp;&nbsp; 10440963, 6.508%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 6681 | 6086 | 6057 |
| &nbsp;&nbsp;&nbsp; 10441131, 5.151%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 2215 | 2056 | 2058 |
| &nbsp;&nbsp;&nbsp; 10441211, 6.508%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 1869 | 1702 | 1702 |
| &nbsp;&nbsp;&nbsp; 10441313, 4.715%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 7269 | 6789 | 6801 |
| &nbsp;&nbsp;&nbsp; 10441484, 5.472%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 34701 | 32068 | 32106 |
| &nbsp;&nbsp;&nbsp; 10441983, 5.472%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 1785 | 1650 | 1644 |
| &nbsp;&nbsp;&nbsp; 10441993, 6.676%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 1903 | 1730 | 1732 |
| &nbsp;&nbsp;&nbsp; 10442004, 6.667%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 25045 | 22768 | 22753 |
| &nbsp;&nbsp;&nbsp; 10442260, 4.717%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 7463 | 6970 | 6984 |
| &nbsp;&nbsp;&nbsp; 10442385, 6.291%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 5771 | 5273 | 5214 |
| &nbsp;&nbsp;&nbsp; 10442525, 4.709%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 3055 | 2854 | 2859 |
| &nbsp;&nbsp;&nbsp; 10442595, 5.157%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 14830 | 13765 | 13790 |
| &nbsp;&nbsp;&nbsp; 10442772, 5.477%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 6896 | 6373 | 6380 |
| &nbsp;&nbsp;&nbsp; 10442838, 5.736%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 1720 | 1583 | 1584 |
| &nbsp;&nbsp;&nbsp; 10442876, 4.717%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 10787 | 10074 | 10093 |
| &nbsp;&nbsp;&nbsp; 10442972, 5.158%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 4710 | 4372 | 4367 |
| &nbsp;&nbsp;&nbsp; 10443025, 4.732%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 2294 | 2142 | 2146 |
| &nbsp;&nbsp;&nbsp; 10443035, 6.663%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 1715 | 1559 | 1551 |
| &nbsp;&nbsp;&nbsp; 10443051, 6.667%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 16899 | 15362 | 15369 |
| &nbsp;&nbsp;&nbsp; 10443221, 6.515%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 4135 | 3766 | 3745 |
| &nbsp;&nbsp;&nbsp; 10443256, 6.666%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 51579 | 46890 | 46874 |
| &nbsp;&nbsp;&nbsp; 10443654, 5.729%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 3440 | 3168 | 3171 |
| &nbsp;&nbsp;&nbsp; 10443708, 5.723%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 47014 | 43297 | 43331 |
| &nbsp;&nbsp;&nbsp; 10444016, 5.472%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 80862 | 74729 | 74813 |
| &nbsp;&nbsp;&nbsp; 10444899, 4.719%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 4188 | 3911 | 3917 |
| &nbsp;&nbsp;&nbsp; 10444950, 4.717%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 101437 | 94734 | 94900 |
| &nbsp;&nbsp;&nbsp; 10445701, 6.678%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 1563 | 1421 | 1424 |
| &nbsp;&nbsp;&nbsp; 10445752, 5.724%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 13137 | 12099 | 12126 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6104** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10445945, 5.722%, 8/11/2027 †§x¶ | Square | 2/13/2026 | $7594 | $6994 | $6999 |
| &nbsp;&nbsp;&nbsp; 10446062, 6.667%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 24046 | 21860 | 21879 |
| &nbsp;&nbsp;&nbsp; 10446462, 4.716%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 12828 | 11980 | 12001 |
| &nbsp;&nbsp;&nbsp; 10446688, 5.499%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 5711 | 5288 | 5215 |
| &nbsp;&nbsp;&nbsp; 10446914, 6.667%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 3162 | 2875 | 2870 |
| &nbsp;&nbsp;&nbsp; 10446965, 6.661%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 3878 | 3526 | 3527 |
| &nbsp;&nbsp;&nbsp; 10447094, 6.666%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 6300 | 5727 | 5742 |
| &nbsp;&nbsp;&nbsp; 10447357, 6.289%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 10657 | 9739 | 9636 |
| &nbsp;&nbsp;&nbsp; 10447646, 5.473%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 4970 | 4593 | 4600 |
| &nbsp;&nbsp;&nbsp; 10447698, 5.473%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 6491 | 5999 | 6003 |
| &nbsp;&nbsp;&nbsp; 10447742, 6.278%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 2323 | 2123 | 2109 |
| &nbsp;&nbsp;&nbsp; 10447758, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 16483 | 15420 | 15417 |
| &nbsp;&nbsp;&nbsp; 10447877, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 21965 | 20514 | 20547 |
| &nbsp;&nbsp;&nbsp; 10448122, 5.727%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 8056 | 7419 | 7422 |
| &nbsp;&nbsp;&nbsp; 10448215, 4.715%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 9549 | 8919 | 8935 |
| &nbsp;&nbsp;&nbsp; 10448374, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 4115 | 3843 | 3850 |
| &nbsp;&nbsp;&nbsp; 10448446, 5.472%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 49904 | 46118 | 46184 |
| &nbsp;&nbsp;&nbsp; 10448869, 5.966%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 3648 | 3348 | 3348 |
| &nbsp;&nbsp;&nbsp; 10448880, 5.968%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 3514 | 3225 | 3225 |
| &nbsp;&nbsp;&nbsp; 10448937, 5.157%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 32499 | 30165 | 30203 |
| &nbsp;&nbsp;&nbsp; 10449312, 6.352%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 24816 | 22657 | 22700 |
| &nbsp;&nbsp;&nbsp; 10449493, 5.468%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 5378 | 4970 | 4980 |
| &nbsp;&nbsp;&nbsp; 10449549, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 59986 | 56022 | 56123 |
| &nbsp;&nbsp;&nbsp; 10450051, 6.671%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 3598 | 3270 | 3268 |
| &nbsp;&nbsp;&nbsp; 10450093, 4.720%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 12264 | 11453 | 11476 |
| &nbsp;&nbsp;&nbsp; 10450175, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 2065 | 1929 | 1932 |
| &nbsp;&nbsp;&nbsp; 10450187, 5.978%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 10640 | 9765 | 9747 |
| &nbsp;&nbsp;&nbsp; 10450309, 4.715%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 7470 | 6976 | 6988 |
| &nbsp;&nbsp;&nbsp; 10450394, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 10796 | 10082 | 10101 |
| &nbsp;&nbsp;&nbsp; 10450579, 5.158%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 38755 | 35972 | 36010 |
| &nbsp;&nbsp;&nbsp; 10451093, 5.156%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 16086 | 14932 | 14960 |
| &nbsp;&nbsp;&nbsp; 10451279, 4.721%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 8472 | 7912 | 7926 |
| &nbsp;&nbsp;&nbsp; 10457994, 4.717%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 26798 | 25027 | 25063 |
| &nbsp;&nbsp;&nbsp; 10458362, 6.352%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 62467 | 57033 | 57075 |
| &nbsp;&nbsp;&nbsp; 10459656, 5.484%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 1168 | 1079 | 1058 |
| &nbsp;&nbsp;&nbsp; 10459675, 6.512%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 3057 | 2811 | 2780 |
| &nbsp;&nbsp;&nbsp; 10459794, 5.465%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 1926 | 1780 | 1781 |
| &nbsp;&nbsp;&nbsp; 10459833, 4.719%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 9028 | 8431 | 8442 |
| &nbsp;&nbsp;&nbsp; 10459991, 6.333%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 1585 | 1447 | 1448 |
| &nbsp;&nbsp;&nbsp; 10460016, 5.974%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 13707 | 12580 | 12591 |
| &nbsp;&nbsp;&nbsp; 10460214, 6.643%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 288 | 262 | 258 |
| &nbsp;&nbsp;&nbsp; 10460238, 5.166%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 1505 | 1397 | 1398 |
| &nbsp;&nbsp;&nbsp; 10460247, 4.717%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 16720 | 15615 | 15639 |
| &nbsp;&nbsp;&nbsp; 10460470, 4.717%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 7633 | 7128 | 7137 |
| &nbsp;&nbsp;&nbsp; 10460590, 4.715%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 7342 | 6857 | 6865 |
| &nbsp;&nbsp;&nbsp; 10460645, 4.717%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 36621 | 34201 | 34243 |
| &nbsp;&nbsp;&nbsp; 10461060, 4.720%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 12529 | 11700 | 11715 |
| &nbsp;&nbsp;&nbsp; 10461160, 4.717%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 16468 | 15379 | 15400 |
| &nbsp;&nbsp;&nbsp; 10461319, 4.718%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 4674 | 4365 | 4370 |
| &nbsp;&nbsp;&nbsp; 10461370, 6.510%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 12812 | 11672 | 11636 |
| &nbsp;&nbsp;&nbsp; 10461508, 5.477%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 7325 | 6769 | 6779 |
| &nbsp;&nbsp;&nbsp; 10461612, 6.352%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 25445 | 23231 | 23255 |
| &nbsp;&nbsp;&nbsp; 10461895, 4.717%, 8/12/2027 †x¶ | Square | 2/17/2026 | 32461 | 30316 | 30365 |
| &nbsp;&nbsp;&nbsp; 10462137, 4.718%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 45194 | 42207 | 42263 |
| &nbsp;&nbsp;&nbsp; 10462338, 6.352%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 19929 | 18196 | 18203 |
| &nbsp;&nbsp;&nbsp; 10462551, 6.656%, 8/12/2027 †x¶ | Square | 2/17/2026 | 1842 | 1675 | 1678 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6105** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10462558, 6.673%, 8/12/2027 †§x¶ | Square | 2/17/2026 | $1278 | $1162 | $1159 |
| &nbsp;&nbsp;&nbsp; 10462577, 6.672%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 3931 | 3573 | 3577 |
| &nbsp;&nbsp;&nbsp; 10462646, 4.721%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 9284 | 8697 | 8681 |
| &nbsp;&nbsp;&nbsp; 10462734, 6.350%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 8510 | 7770 | 7751 |
| &nbsp;&nbsp;&nbsp; 10462852, 6.289%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 3512 | 3209 | 3201 |
| &nbsp;&nbsp;&nbsp; 1046289203, 26.533%, 11/05/2026 †x¥# | Stripe | 9/04/2024 | 3001 | 3121 | 150 |
| &nbsp;&nbsp;&nbsp; 10462894, 6.666%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 4659 | 4235 | 4229 |
| &nbsp;&nbsp;&nbsp; 10462968, 5.471%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 14797 | 13674 | 13689 |
| &nbsp;&nbsp;&nbsp; 10463153, 4.715%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 4220 | 3941 | 3946 |
| &nbsp;&nbsp;&nbsp; 10463268, 6.284%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 5280 | 4825 | 4796 |
| &nbsp;&nbsp;&nbsp; 10463367, 6.357%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 1925 | 1758 | 1761 |
| &nbsp;&nbsp;&nbsp; 10463388, 5.977%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 18302 | 16796 | 16811 |
| &nbsp;&nbsp;&nbsp; 10463561, 4.718%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 26358 | 24616 | 24645 |
| &nbsp;&nbsp;&nbsp; 10464081, 5.467%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 3001 | 2774 | 2776 |
| &nbsp;&nbsp;&nbsp; 10464210, 6.355%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 3595 | 3282 | 3283 |
| &nbsp;&nbsp;&nbsp; 10464317, 4.718%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 5719 | 5341 | 5346 |
| &nbsp;&nbsp;&nbsp; 10464420, 5.723%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 10977 | 10109 | 10116 |
| &nbsp;&nbsp;&nbsp; 10464515, 4.719%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 14733 | 13759 | 13776 |
| &nbsp;&nbsp;&nbsp; 10464677, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 221 | 206 | 207 |
| &nbsp;&nbsp;&nbsp; 10464679, 6.518%, 8/13/2027 †x¶ | Square | 2/18/2026 | 1408 | 1283 | 1284 |
| &nbsp;&nbsp;&nbsp; 10464711, 5.496%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 4527 | 4182 | 4132 |
| &nbsp;&nbsp;&nbsp; 10464795, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 32979 | 30800 | 30838 |
| &nbsp;&nbsp;&nbsp; 10465543, 5.996%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 1605 | 1472 | 1471 |
| &nbsp;&nbsp;&nbsp; 10465706, 5.987%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 2815 | 2583 | 2585 |
| &nbsp;&nbsp;&nbsp; 10465776, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 5441 | 5081 | 5087 |
| &nbsp;&nbsp;&nbsp; 10465932, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 1096 | 1024 | 1025 |
| &nbsp;&nbsp;&nbsp; 10465961, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 86631 | 80906 | 80998 |
| &nbsp;&nbsp;&nbsp; 10466955, 5.158%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 52518 | 48746 | 48795 |
| &nbsp;&nbsp;&nbsp; 10467365, 6.668%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 5126 | 4660 | 4659 |
| &nbsp;&nbsp;&nbsp; 10467393, 6.352%, 8/13/2027 †x¶ | Square | 2/18/2026 | 1142 | 1043 | 1045 |
| &nbsp;&nbsp;&nbsp; 10467413, 5.723%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 2213 | 2038 | 2039 |
| &nbsp;&nbsp;&nbsp; 10467435, 6.677%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 2245 | 2040 | 2042 |
| &nbsp;&nbsp;&nbsp; 10467451, 6.541%, 8/13/2027 †x¶ | Square | 2/18/2026 | 582 | 530 | 531 |
| &nbsp;&nbsp;&nbsp; 10467453, 4.715%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 8103 | 7567 | 7577 |
| &nbsp;&nbsp;&nbsp; 10467503, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 20296 | 18955 | 18978 |
| &nbsp;&nbsp;&nbsp; 10467730, 6.285%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 3339 | 3051 | 3043 |
| &nbsp;&nbsp;&nbsp; 10467761, 6.353%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 21548 | 19673 | 19673 |
| &nbsp;&nbsp;&nbsp; 10467909, 6.669%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 8205 | 7458 | 7457 |
| &nbsp;&nbsp;&nbsp; 10467970, 6.604%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 226 | 205 | 205 |
| &nbsp;&nbsp;&nbsp; 10467971, 5.162%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 4867 | 4517 | 4519 |
| &nbsp;&nbsp;&nbsp; 10467987, 5.157%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 22875 | 21233 | 21254 |
| &nbsp;&nbsp;&nbsp; 10468166, 6.510%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 7977 | 7267 | 7259 |
| &nbsp;&nbsp;&nbsp; 10468200, 5.157%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 88244 | 81907 | 81991 |
| &nbsp;&nbsp;&nbsp; 1046864122, 19.304%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 951 | 989 | 1006 |
| &nbsp;&nbsp;&nbsp; 10468867, 6.678%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 3140 | 2854 | 2858 |
| &nbsp;&nbsp;&nbsp; 10468897, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 6633 | 6195 | 6202 |
| &nbsp;&nbsp;&nbsp; 10468944, 5.975%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 13118 | 12039 | 12042 |
| &nbsp;&nbsp;&nbsp; 10469596, 5.157%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 22607 | 20984 | 21013 |
| &nbsp;&nbsp;&nbsp; 10469674, 4.717%, 8/14/2027 †x¶ | Square | 2/19/2026 | 2497 | 2332 | 2335 |
| &nbsp;&nbsp;&nbsp; 10469704, 5.166%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 3768 | 3497 | 3501 |
| &nbsp;&nbsp;&nbsp; 10469726, 6.351%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 9089 | 8298 | 8307 |
| &nbsp;&nbsp;&nbsp; 10469802, 6.273%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 1679 | 1535 | 1528 |
| &nbsp;&nbsp;&nbsp; 10469834, 6.667%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 22929 | 20845 | 20835 |
| &nbsp;&nbsp;&nbsp; 10470002, 4.717%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 19722 | 18460 | 18438 |
| &nbsp;&nbsp;&nbsp; 10470156, 4.719%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 3005 | 2806 | 2809 |
| &nbsp;&nbsp;&nbsp; 10470178, 4.717%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 38670 | 36115 | 36156 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6106** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10470529, 5.508%, 8/14/2027 †§x¶ | Square | 2/19/2026 | $1414 | $1306 | $1297 |
| &nbsp;&nbsp;&nbsp; 10470538, 5.162%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 7321 | 6794 | 6800 |
| &nbsp;&nbsp;&nbsp; 10470596, 5.728%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 7080 | 6520 | 6519 |
| &nbsp;&nbsp;&nbsp; 10470654, 5.157%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 20612 | 19132 | 19143 |
| &nbsp;&nbsp;&nbsp; 10470822, 4.722%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 7432 | 6941 | 6949 |
| &nbsp;&nbsp;&nbsp; 10470880, 6.253%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 733 | 671 | 667 |
| &nbsp;&nbsp;&nbsp; 10470886, 6.681%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 1574 | 1430 | 1431 |
| &nbsp;&nbsp;&nbsp; 10470896, 5.506%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 1856 | 1715 | 1690 |
| &nbsp;&nbsp;&nbsp; 10470920, 6.671%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 2496 | 2269 | 2270 |
| &nbsp;&nbsp;&nbsp; 10470944, 4.714%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 4804 | 4487 | 4492 |
| &nbsp;&nbsp;&nbsp; 10470978, 6.665%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 8544 | 7767 | 7766 |
| &nbsp;&nbsp;&nbsp; 10471046, 4.717%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 5656 | 5283 | 5290 |
| &nbsp;&nbsp;&nbsp; 10471093, 6.366%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 1686 | 1539 | 1541 |
| &nbsp;&nbsp;&nbsp; 10471112, 4.717%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 5113 | 4796 | 4781 |
| &nbsp;&nbsp;&nbsp; 10471149, 5.512%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 2487 | 2297 | 2277 |
| &nbsp;&nbsp;&nbsp; 10471173, 5.479%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 1112 | 1028 | 1017 |
| &nbsp;&nbsp;&nbsp; 10471186, 6.516%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 3936 | 3586 | 3585 |
| &nbsp;&nbsp;&nbsp; 10471211, 5.505%, 8/15/2027 †x¶ | Square | 2/19/2026 | 3718 | 3434 | 3412 |
| &nbsp;&nbsp;&nbsp; 10471237, 4.721%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 9428 | 8805 | 8815 |
| &nbsp;&nbsp;&nbsp; 10471318, 4.719%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 13730 | 12823 | 12837 |
| &nbsp;&nbsp;&nbsp; 10471426, 4.717%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 24281 | 22677 | 22698 |
| &nbsp;&nbsp;&nbsp; 10471621, 4.719%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 9259 | 8647 | 8658 |
| &nbsp;&nbsp;&nbsp; 10471723, 4.717%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 13069 | 12205 | 12218 |
| &nbsp;&nbsp;&nbsp; 10471820, 4.715%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 9848 | 9197 | 9209 |
| &nbsp;&nbsp;&nbsp; 10471878, 5.148%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 2944 | 2733 | 2734 |
| &nbsp;&nbsp;&nbsp; 10471894, 4.717%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 44545 | 41690 | 41652 |
| &nbsp;&nbsp;&nbsp; 10472133, 4.718%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 25716 | 24017 | 24029 |
| &nbsp;&nbsp;&nbsp; 10472268, 5.723%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 32047 | 29513 | 29530 |
| &nbsp;&nbsp;&nbsp; 10472484, 5.521%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 909 | 839 | 832 |
| &nbsp;&nbsp;&nbsp; 10472492, 5.723%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 3329 | 3066 | 3069 |
| &nbsp;&nbsp;&nbsp; 10472525, 5.494%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 2683 | 2479 | 2451 |
| &nbsp;&nbsp;&nbsp; 10472542, 4.717%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 3313 | 3094 | 3098 |
| &nbsp;&nbsp;&nbsp; 10472582, 6.354%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 18022 | 16454 | 16470 |
| &nbsp;&nbsp;&nbsp; 10472714, 6.359%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 2077 | 1897 | 1899 |
| &nbsp;&nbsp;&nbsp; 10472726, 4.719%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 9570 | 8937 | 8947 |
| &nbsp;&nbsp;&nbsp; 10472793, 4.720%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 5839 | 5453 | 5457 |
| &nbsp;&nbsp;&nbsp; 10472841, 4.726%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 3847 | 3592 | 3597 |
| &nbsp;&nbsp;&nbsp; 10472866, 6.666%, 8/16/2027 †x¶ | Square | 2/19/2026 | 13234 | 12031 | 12053 |
| &nbsp;&nbsp;&nbsp; 10472920, 4.717%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 25364 | 23688 | 23705 |
| &nbsp;&nbsp;&nbsp; 10473011, 5.466%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 3103 | 2868 | 2871 |
| &nbsp;&nbsp;&nbsp; 10473028, 6.663%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 5105 | 4641 | 4642 |
| &nbsp;&nbsp;&nbsp; 10473071, 6.354%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 4891 | 4534 | 4467 |
| &nbsp;&nbsp;&nbsp; 10473108, 5.155%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 4761 | 4420 | 4422 |
| &nbsp;&nbsp;&nbsp; 10473146, 5.973%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 9095 | 8347 | 8342 |
| &nbsp;&nbsp;&nbsp; 10475484, 5.472%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 12784 | 11815 | 11814 |
| &nbsp;&nbsp;&nbsp; 10475585, 4.738%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 1667 | 1556 | 1558 |
| &nbsp;&nbsp;&nbsp; 10475593, 4.717%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 2215 | 2069 | 2072 |
| &nbsp;&nbsp;&nbsp; 10475609, 5.165%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 2315 | 2148 | 2149 |
| &nbsp;&nbsp;&nbsp; 10475626, 5.472%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 33488 | 30948 | 30970 |
| &nbsp;&nbsp;&nbsp; 10476652, 4.715%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 8589 | 8021 | 8025 |
| &nbsp;&nbsp;&nbsp; 10476837, 5.722%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 7408 | 6822 | 6826 |
| &nbsp;&nbsp;&nbsp; 10476973, 4.715%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 8783 | 8203 | 8212 |
| &nbsp;&nbsp;&nbsp; 10477189, 4.738%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 1633 | 1525 | 1526 |
| &nbsp;&nbsp;&nbsp; 10477216, 4.719%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 21779 | 20339 | 20360 |
| &nbsp;&nbsp;&nbsp; 10477587, 6.355%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 2653 | 2422 | 2421 |
| &nbsp;&nbsp;&nbsp; 10477680, 4.722%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 7161 | 6688 | 6696 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6107** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10477775, 4.717%, 8/17/2027 †§x¶ | Square | 2/19/2026 | $66319 | $61937 | $62002 |
| &nbsp;&nbsp;&nbsp; 10478466, 5.723%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 16576 | 15266 | 15271 |
| &nbsp;&nbsp;&nbsp; 10478607, 5.159%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 4783 | 4440 | 4444 |
| &nbsp;&nbsp;&nbsp; 10478665, 6.351%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 1345 | 1228 | 1227 |
| &nbsp;&nbsp;&nbsp; 10478712, 5.469%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 10249 | 9472 | 9481 |
| &nbsp;&nbsp;&nbsp; 10478815, 6.667%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 1123 | 1020 | 1020 |
| &nbsp;&nbsp;&nbsp; 10478832, 5.535%, 8/17/2027 †x¶ | Square | 2/19/2026 | 861 | 795 | 790 |
| &nbsp;&nbsp;&nbsp; 10478834, 5.977%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 7200 | 6607 | 6614 |
| &nbsp;&nbsp;&nbsp; 10478891, 5.517%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 1418 | 1310 | 1298 |
| &nbsp;&nbsp;&nbsp; 10478909, 4.725%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 2053 | 1917 | 1919 |
| &nbsp;&nbsp;&nbsp; 10478934, 5.151%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 4960 | 4604 | 4608 |
| &nbsp;&nbsp;&nbsp; 10478982, 5.505%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 5462 | 5045 | 4997 |
| &nbsp;&nbsp;&nbsp; 10479061, 4.718%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 46926 | 43824 | 43870 |
| &nbsp;&nbsp;&nbsp; 10479530, 4.717%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 27484 | 25668 | 25698 |
| &nbsp;&nbsp;&nbsp; 10479836, 6.671%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 7821 | 7109 | 7100 |
| &nbsp;&nbsp;&nbsp; 10479915, 6.352%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 16699 | 15246 | 15251 |
| &nbsp;&nbsp;&nbsp; 10480177, 5.156%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 11168 | 10366 | 10376 |
| &nbsp;&nbsp;&nbsp; 10480323, 4.719%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 17445 | 16292 | 16307 |
| &nbsp;&nbsp;&nbsp; 10480543, 6.509%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 21723 | 19791 | 19752 |
| &nbsp;&nbsp;&nbsp; 10480752, 4.722%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 5345 | 4992 | 4997 |
| &nbsp;&nbsp;&nbsp; 10480823, 4.725%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 3947 | 3686 | 3690 |
| &nbsp;&nbsp;&nbsp; 10480899, 5.977%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 20198 | 18536 | 18554 |
| &nbsp;&nbsp;&nbsp; 10481242, 4.711%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 5605 | 5235 | 5241 |
| &nbsp;&nbsp;&nbsp; 10481347, 6.504%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 3127 | 2849 | 2849 |
| &nbsp;&nbsp;&nbsp; 10481444, 4.718%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 2596 | 2424 | 2426 |
| &nbsp;&nbsp;&nbsp; 10481522, 5.157%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 4978 | 4621 | 4625 |
| &nbsp;&nbsp;&nbsp; 10481668, 5.473%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 10436 | 9644 | 9649 |
| &nbsp;&nbsp;&nbsp; 10481808, 5.158%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 30441 | 28255 | 28283 |
| &nbsp;&nbsp;&nbsp; 10482211, 4.719%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 16201 | 15130 | 15145 |
| &nbsp;&nbsp;&nbsp; 10482345, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 8766 | 8187 | 8194 |
| &nbsp;&nbsp;&nbsp; 10482418, 4.719%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 17704 | 16534 | 16548 |
| &nbsp;&nbsp;&nbsp; 10482559, 5.720%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 8088 | 7449 | 7449 |
| &nbsp;&nbsp;&nbsp; 10482684, 5.729%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 3119 | 2872 | 2876 |
| &nbsp;&nbsp;&nbsp; 10482695, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 5545 | 5179 | 5184 |
| &nbsp;&nbsp;&nbsp; 10482739, 5.154%, 8/18/2027 †x¶ | Square | 2/20/2026 | 5390 | 5003 | 5010 |
| &nbsp;&nbsp;&nbsp; 10482802, 4.719%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 20718 | 19348 | 19367 |
| &nbsp;&nbsp;&nbsp; 10483001, 6.301%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 2212 | 2021 | 2013 |
| &nbsp;&nbsp;&nbsp; 10483010, 4.721%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 8287 | 7739 | 7747 |
| &nbsp;&nbsp;&nbsp; 10483057, 6.294%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 2793 | 2552 | 2552 |
| &nbsp;&nbsp;&nbsp; 10483099, 5.162%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 4105 | 3810 | 3814 |
| &nbsp;&nbsp;&nbsp; 10483123, 5.155%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 4802 | 4457 | 4461 |
| &nbsp;&nbsp;&nbsp; 10483161, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 43894 | 40994 | 41034 |
| &nbsp;&nbsp;&nbsp; 10483684, 4.720%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 12500 | 11674 | 11687 |
| &nbsp;&nbsp;&nbsp; 10483741, 5.175%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 1969 | 1827 | 1829 |
| &nbsp;&nbsp;&nbsp; 10483757, 5.472%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 55069 | 50892 | 50926 |
| &nbsp;&nbsp;&nbsp; 10484198, 6.283%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 4423 | 4042 | 4036 |
| &nbsp;&nbsp;&nbsp; 10484364, 6.668%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 31343 | 28493 | 28527 |
| &nbsp;&nbsp;&nbsp; 10484574, 6.682%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 1812 | 1647 | 1648 |
| &nbsp;&nbsp;&nbsp; 10484584, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 5523 | 5158 | 5164 |
| &nbsp;&nbsp;&nbsp; 10484598, 5.474%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 6445 | 5956 | 5962 |
| &nbsp;&nbsp;&nbsp; 10484624, 4.715%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 10214 | 9539 | 9544 |
| &nbsp;&nbsp;&nbsp; 10484673, 6.665%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 9919 | 9018 | 9026 |
| &nbsp;&nbsp;&nbsp; 10484710, 5.511%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 907 | 837 | 831 |
| &nbsp;&nbsp;&nbsp; 10484713, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 8738 | 8161 | 8169 |
| &nbsp;&nbsp;&nbsp; 10484749, 6.355%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 4180 | 3816 | 3822 |
| &nbsp;&nbsp;&nbsp; 10484764, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 9139 | 8535 | 8544 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6108** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10484802, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | $33847 | $31610 | $31645 |
| &nbsp;&nbsp;&nbsp; 10488234, 6.645%, 8/18/2027 †x¶ | Square | 2/23/2026 | 1518 | 1380 | 1382 |
| &nbsp;&nbsp;&nbsp; 10488352, 6.289%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 5097 | 4657 | 4659 |
| &nbsp;&nbsp;&nbsp; 10488402, 6.352%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 5638 | 5148 | 5150 |
| &nbsp;&nbsp;&nbsp; 10488485, 6.666%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 6656 | 6066 | 6052 |
| &nbsp;&nbsp;&nbsp; 10488545, 4.718%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 58767 | 54883 | 54923 |
| &nbsp;&nbsp;&nbsp; 10489260, 5.472%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 11333 | 10473 | 10480 |
| &nbsp;&nbsp;&nbsp; 10489514, 5.474%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 5600 | 5175 | 5180 |
| &nbsp;&nbsp;&nbsp; 10489624, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 22328 | 20853 | 20868 |
| &nbsp;&nbsp;&nbsp; 10489969, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 7814 | 7298 | 7302 |
| &nbsp;&nbsp;&nbsp; 10490068, 4.718%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 41618 | 38867 | 38890 |
| &nbsp;&nbsp;&nbsp; 10490328, 4.726%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 3901 | 3643 | 3645 |
| &nbsp;&nbsp;&nbsp; 10490362, 6.306%, 8/19/2027 †x¶ | Square | 2/23/2026 | 1615 | 1475 | 1476 |
| &nbsp;&nbsp;&nbsp; 10490380, 5.471%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 35261 | 32587 | 32605 |
| &nbsp;&nbsp;&nbsp; 10490877, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 4652 | 4345 | 4348 |
| &nbsp;&nbsp;&nbsp; 10490946, 4.721%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 9807 | 9159 | 9165 |
| &nbsp;&nbsp;&nbsp; 10491031, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 17028 | 15903 | 15913 |
| &nbsp;&nbsp;&nbsp; 10491246, 6.662%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 1545 | 1404 | 1405 |
| &nbsp;&nbsp;&nbsp; 10491248, 6.510%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 22472 | 20473 | 20479 |
| &nbsp;&nbsp;&nbsp; 10491452, 4.720%, 8/19/2027 †x¶ | Square | 2/23/2026 | 4968 | 4639 | 4643 |
| &nbsp;&nbsp;&nbsp; 10491479, 6.351%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 4564 | 4167 | 4166 |
| &nbsp;&nbsp;&nbsp; 10491524, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 21466 | 20047 | 20062 |
| &nbsp;&nbsp;&nbsp; 10491743, 5.157%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 22368 | 20762 | 20776 |
| &nbsp;&nbsp;&nbsp; 10491999, 4.711%, 8/19/2027 †x¶ | Square | 2/23/2026 | 5748 | 5369 | 5373 |
| &nbsp;&nbsp;&nbsp; 10492070, 6.356%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 4967 | 4535 | 4532 |
| &nbsp;&nbsp;&nbsp; 10492105, 5.660%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 211 | 195 | 194 |
| &nbsp;&nbsp;&nbsp; 10492120, 6.352%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 40979 | 37414 | 37434 |
| &nbsp;&nbsp;&nbsp; 10492377, 5.468%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 6992 | 6462 | 6466 |
| &nbsp;&nbsp;&nbsp; 10492426, 4.712%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 2098 | 1964 | 1960 |
| &nbsp;&nbsp;&nbsp; 10492439, 5.171%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 2431 | 2256 | 2257 |
| &nbsp;&nbsp;&nbsp; 10492465, 5.503%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 6523 | 6025 | 5960 |
| &nbsp;&nbsp;&nbsp; 10492520, 6.352%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 18520 | 16909 | 16925 |
| &nbsp;&nbsp;&nbsp; 10492620, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 20640 | 19276 | 19289 |
| &nbsp;&nbsp;&nbsp; 10492791, 5.713%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 2694 | 2500 | 2483 |
| &nbsp;&nbsp;&nbsp; 10492800, 6.671%, 8/19/2027 †x¶ | Square | 2/23/2026 | 1306 | 1187 | 1188 |
| &nbsp;&nbsp;&nbsp; 10492811, 6.667%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 6058 | 5507 | 5508 |
| &nbsp;&nbsp;&nbsp; 10492867, 6.658%, 8/19/2027 †x¶ | Square | 2/23/2026 | 3381 | 3074 | 3077 |
| &nbsp;&nbsp;&nbsp; 10492915, 5.519%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 1262 | 1166 | 1158 |
| &nbsp;&nbsp;&nbsp; 10492922, 6.518%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 1897 | 1728 | 1729 |
| &nbsp;&nbsp;&nbsp; 10492970, 4.720%, 8/19/2027 †x¶ | Square | 2/23/2026 | 2656 | 2480 | 2482 |
| &nbsp;&nbsp;&nbsp; 10493013, 6.653%, 8/19/2027 †x¶ | Square | 2/23/2026 | 1329 | 1208 | 1210 |
| &nbsp;&nbsp;&nbsp; 10493038, 5.721%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 10525 | 9693 | 9699 |
| &nbsp;&nbsp;&nbsp; 10493132, 5.965%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 1784 | 1637 | 1639 |
| &nbsp;&nbsp;&nbsp; 10493135, 6.497%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 2452 | 2234 | 2234 |
| &nbsp;&nbsp;&nbsp; 10493168, 6.669%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 4199 | 3817 | 3816 |
| &nbsp;&nbsp;&nbsp; 10493213, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 72308 | 67530 | 67574 |
| &nbsp;&nbsp;&nbsp; 10493624, 6.504%, 8/19/2027 †§x¶ | Square | 2/24/2026 | 4373 | 3984 | 3986 |
| &nbsp;&nbsp;&nbsp; 10493782, 4.719%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 21603 | 20175 | 20182 |
| &nbsp;&nbsp;&nbsp; 10493972, 5.477%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 6605 | 6104 | 6107 |
| &nbsp;&nbsp;&nbsp; 10494078, 4.717%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 7304 | 6822 | 6825 |
| &nbsp;&nbsp;&nbsp; 10494236, 5.157%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 10634 | 9871 | 9874 |
| &nbsp;&nbsp;&nbsp; 10494499, 5.725%, 8/20/2027 †x¶ | Square | 2/24/2026 | 10647 | 9805 | 9812 |
| &nbsp;&nbsp;&nbsp; 10494673, 5.472%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 5634 | 5207 | 5210 |
| &nbsp;&nbsp;&nbsp; 10494745, 6.666%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 3961 | 3601 | 3601 |
| &nbsp;&nbsp;&nbsp; 10494910, 6.652%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 1277 | 1162 | 1163 |
| &nbsp;&nbsp;&nbsp; 10494961, 5.472%, 8/20/2027 †x¶ | Square | 2/24/2026 | 6882 | 6360 | 6365 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6109** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10495221, 5.729%, 8/20/2027 †§x¶ | Square | 2/24/2026 | $1539 | $1417 | $1417 |
| &nbsp;&nbsp;&nbsp; 10495266, 4.717%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 2904 | 2712 | 2714 |
| &nbsp;&nbsp;&nbsp; 10495340, 4.717%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 7818 | 7331 | 7306 |
| &nbsp;&nbsp;&nbsp; 10495440, 5.487%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 1410 | 1303 | 1292 |
| &nbsp;&nbsp;&nbsp; 10495467, 4.717%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 11174 | 10436 | 10442 |
| &nbsp;&nbsp;&nbsp; 10495658, 4.720%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 11841 | 11058 | 11065 |
| &nbsp;&nbsp;&nbsp; 10495782, 5.156%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 27794 | 25799 | 25814 |
| &nbsp;&nbsp;&nbsp; 10496155, 4.718%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 5112 | 4774 | 4777 |
| &nbsp;&nbsp;&nbsp; 10496231, 5.472%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 62417 | 57683 | 57719 |
| &nbsp;&nbsp;&nbsp; 10496543, 5.975%, 8/20/2027 †x¶ | Square | 2/24/2026 | 7392 | 6784 | 6789 |
| &nbsp;&nbsp;&nbsp; 10496584, 4.720%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 4091 | 3850 | 3822 |
| &nbsp;&nbsp;&nbsp; 10496617, 4.721%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 8288 | 7806 | 7744 |
| &nbsp;&nbsp;&nbsp; 10496938, 5.453%, 8/20/2027 †x¶ | Square | 2/24/2026 | 1909 | 1765 | 1766 |
| &nbsp;&nbsp;&nbsp; 10497001, 6.358%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 2428 | 2216 | 2217 |
| &nbsp;&nbsp;&nbsp; 10497029, 5.165%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 2890 | 2682 | 2684 |
| &nbsp;&nbsp;&nbsp; 10497065, 6.662%, 8/20/2027 †x¶ | Square | 2/24/2026 | 5783 | 5258 | 5262 |
| &nbsp;&nbsp;&nbsp; 10497119, 6.295%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 2180 | 1992 | 1990 |
| &nbsp;&nbsp;&nbsp; 10497124, 5.157%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 30375 | 28194 | 28213 |
| &nbsp;&nbsp;&nbsp; 10497352, 4.741%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 1456 | 1359 | 1360 |
| &nbsp;&nbsp;&nbsp; 10497361, 4.715%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 7138 | 6666 | 6670 |
| &nbsp;&nbsp;&nbsp; 10497450, 4.717%, 8/20/2027 †x¶ | Square | 2/24/2026 | 29295 | 27359 | 27377 |
| &nbsp;&nbsp;&nbsp; 10497672, 5.473%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 21057 | 19459 | 19469 |
| &nbsp;&nbsp;&nbsp; 10497832, 5.975%, 8/20/2027 †x¶ | Square | 2/24/2026 | 14784 | 13568 | 13578 |
| &nbsp;&nbsp;&nbsp; 10498079, 4.717%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 35981 | 33604 | 33620 |
| &nbsp;&nbsp;&nbsp; 10498384, 5.472%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 2273 | 2100 | 2101 |
| &nbsp;&nbsp;&nbsp; 10498387, 5.975%, 8/20/2027 †x¶ | Square | 2/24/2026 | 10857 | 9964 | 9972 |
| &nbsp;&nbsp;&nbsp; 10498434, 4.730%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 2760 | 2578 | 2579 |
| &nbsp;&nbsp;&nbsp; 10498450, 6.663%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 3091 | 2810 | 2810 |
| &nbsp;&nbsp;&nbsp; 10498471, 6.670%, 8/20/2027 †x¶ | Square | 2/24/2026 | 5084 | 4622 | 4625 |
| &nbsp;&nbsp;&nbsp; 10498489, 5.507%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 8463 | 7817 | 7762 |
| &nbsp;&nbsp;&nbsp; 10498530, 5.720%, 8/20/2027 †x¶ | Square | 2/24/2026 | 5421 | 4993 | 4996 |
| &nbsp;&nbsp;&nbsp; 10498578, 6.670%, 8/20/2027 †x¶ | Square | 2/24/2026 | 3105 | 2823 | 2825 |
| &nbsp;&nbsp;&nbsp; 10498595, 5.467%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 7278 | 6727 | 6731 |
| &nbsp;&nbsp;&nbsp; 10498649, 5.723%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 38740 | 35677 | 35695 |
| &nbsp;&nbsp;&nbsp; 10499743, 6.670%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 9948 | 9043 | 9046 |
| &nbsp;&nbsp;&nbsp; 10499787, 5.728%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 6411 | 5904 | 5906 |
| &nbsp;&nbsp;&nbsp; 10499811, 5.159%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 8824 | 8190 | 8193 |
| &nbsp;&nbsp;&nbsp; 10499857, 5.473%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 30159 | 27871 | 27858 |
| &nbsp;&nbsp;&nbsp; 10500002, 4.713%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 4237 | 3957 | 3959 |
| &nbsp;&nbsp;&nbsp; 10500024, 4.719%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 10810 | 10095 | 10099 |
| &nbsp;&nbsp;&nbsp; 1050003767, 22.222%, 7/03/2023 †x¥#^ | Stripe | 11/08/2021 | 145 | 151 | 7 |
| &nbsp;&nbsp;&nbsp; 10500069, 4.718%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 12398 | 11578 | 11584 |
| &nbsp;&nbsp;&nbsp; 10500118, 5.535%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 478 | 441 | 439 |
| &nbsp;&nbsp;&nbsp; 10500122, 5.148%, 8/21/2027 †x¶ | Square | 2/25/2026 | 3437 | 3191 | 3192 |
| &nbsp;&nbsp;&nbsp; 10500137, 6.505%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 4002 | 3646 | 3646 |
| &nbsp;&nbsp;&nbsp; 10500153, 6.518%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 2539 | 2313 | 2313 |
| &nbsp;&nbsp;&nbsp; 10500165, 6.352%, 8/21/2027 †x¶ | Square | 2/25/2026 | 10565 | 9646 | 9653 |
| &nbsp;&nbsp;&nbsp; 10500210, 4.720%, 8/21/2027 †x¶ | Square | 2/25/2026 | 11596 | 10829 | 10835 |
| &nbsp;&nbsp;&nbsp; 10500263, 5.977%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 16856 | 15469 | 15474 |
| &nbsp;&nbsp;&nbsp; 10500348, 5.159%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 17246 | 16007 | 16012 |
| &nbsp;&nbsp;&nbsp; 10500411, 4.718%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 25881 | 24171 | 24180 |
| &nbsp;&nbsp;&nbsp; 10500531, 6.293%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 4168 | 3808 | 3807 |
| &nbsp;&nbsp;&nbsp; 10500580, 5.723%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 15900 | 14643 | 14650 |
| &nbsp;&nbsp;&nbsp; 10500850, 6.675%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 2855 | 2595 | 2595 |
| &nbsp;&nbsp;&nbsp; 10500882, 4.713%, 8/22/2027 †x¶ | Square | 2/25/2026 | 2599 | 2427 | 2429 |
| &nbsp;&nbsp;&nbsp; 10500893, 4.717%, 8/22/2027 †x¶ | Square | 2/25/2026 | 14755 | 13780 | 13787 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6110** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10500976, 6.481%, 8/22/2027 †x¶ | Square | 2/25/2026 | $1009 | $920 | $920 |
| &nbsp;&nbsp;&nbsp; 10500982, 4.717%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 15659 | 14624 | 14629 |
| &nbsp;&nbsp;&nbsp; 10501060, 6.357%, 8/22/2027 †x¶ | Square | 2/25/2026 | 1521 | 1389 | 1390 |
| &nbsp;&nbsp;&nbsp; 10501071, 5.535%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 809 | 747 | 741 |
| &nbsp;&nbsp;&nbsp; 10501076, 6.353%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 17082 | 15596 | 15601 |
| &nbsp;&nbsp;&nbsp; 10501150, 6.671%, 8/22/2027 †x¶ | Square | 2/25/2026 | 2612 | 2374 | 2376 |
| &nbsp;&nbsp;&nbsp; 10501172, 5.157%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 15734 | 14604 | 14610 |
| &nbsp;&nbsp;&nbsp; 10501246, 5.491%, 8/22/2027 †x¶ | Square | 2/25/2026 | 1067 | 986 | 979 |
| &nbsp;&nbsp;&nbsp; 10501248, 6.351%, 8/22/2027 †x¶ | Square | 2/25/2026 | 17647 | 16112 | 16123 |
| &nbsp;&nbsp;&nbsp; 10501344, 4.719%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 8836 | 8252 | 8256 |
| &nbsp;&nbsp;&nbsp; 10501388, 4.719%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 15570 | 14541 | 14543 |
| &nbsp;&nbsp;&nbsp; 10501473, 6.353%, 8/22/2027 †x¶ | Square | 2/25/2026 | 11494 | 10494 | 10501 |
| &nbsp;&nbsp;&nbsp; 10501519, 5.157%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 2263 | 2101 | 2102 |
| &nbsp;&nbsp;&nbsp; 10501530, 6.691%, 8/22/2027 †x¶ | Square | 2/25/2026 | 1297 | 1178 | 1179 |
| &nbsp;&nbsp;&nbsp; 10501536, 5.472%, 8/22/2027 †x¶ | Square | 2/25/2026 | 22940 | 21200 | 21212 |
| &nbsp;&nbsp;&nbsp; 10501659, 5.167%, 8/22/2027 †§x¶ | Square | 2/25/2026 | 3571 | 3314 | 3315 |
| &nbsp;&nbsp;&nbsp; 10501678, 4.719%, 8/22/2027 †x¶ | Square | 2/25/2026 | 9651 | 9022 | 9018 |
| &nbsp;&nbsp;&nbsp; 10501736, 5.727%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 8382 | 7719 | 7722 |
| &nbsp;&nbsp;&nbsp; 10502009, 5.724%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 13660 | 12580 | 12583 |
| &nbsp;&nbsp;&nbsp; 10502069, 5.154%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 10369 | 9624 | 9628 |
| &nbsp;&nbsp;&nbsp; 10502221, 4.719%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 4352 | 4065 | 4066 |
| &nbsp;&nbsp;&nbsp; 10502299, 6.352%, 8/23/2027 †x¶ | Square | 2/25/2026 | 8185 | 7473 | 7478 |
| &nbsp;&nbsp;&nbsp; 10502428, 4.717%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 16751 | 15644 | 15651 |
| &nbsp;&nbsp;&nbsp; 10502773, 4.717%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 7884 | 7363 | 7367 |
| &nbsp;&nbsp;&nbsp; 10502985, 6.286%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 4431 | 4080 | 4051 |
| &nbsp;&nbsp;&nbsp; 10503060, 6.509%, 8/23/2027 †x¶ | Square | 2/25/2026 | 6341 | 5777 | 5780 |
| &nbsp;&nbsp;&nbsp; 10503157, 5.160%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 6705 | 6223 | 6226 |
| &nbsp;&nbsp;&nbsp; 10503252, 6.351%, 8/23/2027 †x¶ | Square | 2/25/2026 | 7034 | 6422 | 6426 |
| &nbsp;&nbsp;&nbsp; 10503322, 6.684%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 987 | 897 | 897 |
| &nbsp;&nbsp;&nbsp; 10503323, 4.722%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 7202 | 6725 | 6728 |
| &nbsp;&nbsp;&nbsp; 10503373, 5.157%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 21957 | 20381 | 20359 |
| &nbsp;&nbsp;&nbsp; 10503523, 4.717%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 42644 | 39826 | 39845 |
| &nbsp;&nbsp;&nbsp; 10503935, 6.337%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 1808 | 1651 | 1651 |
| &nbsp;&nbsp;&nbsp; 10503956, 6.667%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 17257 | 15688 | 15697 |
| &nbsp;&nbsp;&nbsp; 10504125, 4.719%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 8584 | 8016 | 8020 |
| &nbsp;&nbsp;&nbsp; 10504212, 5.478%, 8/23/2027 †x¶ | Square | 2/25/2026 | 3149 | 2910 | 2912 |
| &nbsp;&nbsp;&nbsp; 10504227, 5.975%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 17178 | 15765 | 15774 |
| &nbsp;&nbsp;&nbsp; 10505964, 4.717%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 56320 | 52598 | 52623 |
| &nbsp;&nbsp;&nbsp; 10506471, 4.718%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 53402 | 49873 | 49895 |
| &nbsp;&nbsp;&nbsp; 10506836, 5.723%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 32032 | 29500 | 29504 |
| &nbsp;&nbsp;&nbsp; 10507076, 4.722%, 8/23/2027 †x¶ | Square | 2/25/2026 | 4109 | 3837 | 3839 |
| &nbsp;&nbsp;&nbsp; 10507099, 6.664%, 8/23/2027 †x¶ | Square | 2/25/2026 | 4897 | 4452 | 4455 |
| &nbsp;&nbsp;&nbsp; 10507313, 5.472%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 23471 | 21691 | 21699 |
| &nbsp;&nbsp;&nbsp; 10507487, 6.664%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 5355 | 4868 | 4869 |
| &nbsp;&nbsp;&nbsp; 10507501, 4.715%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 4775 | 4460 | 4461 |
| &nbsp;&nbsp;&nbsp; 10507519, 5.157%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 61325 | 56922 | 56941 |
| &nbsp;&nbsp;&nbsp; 10508050, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 10950 | 10226 | 10229 |
| &nbsp;&nbsp;&nbsp; 10508219, 4.720%, 8/24/2027 †x¶ | Square | 2/26/2026 | 4404 | 4113 | 4114 |
| &nbsp;&nbsp;&nbsp; 10508281, 5.975%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 11445 | 10504 | 10509 |
| &nbsp;&nbsp;&nbsp; 10508435, 4.715%, 8/24/2027 †x¶ | Square | 2/26/2026 | 8936 | 8345 | 8348 |
| &nbsp;&nbsp;&nbsp; 10508593, 6.357%, 8/24/2027 †x¶ | Square | 2/26/2026 | 5362 | 4895 | 4898 |
| &nbsp;&nbsp;&nbsp; 10508681, 6.351%, 8/24/2027 †x¶ | Square | 2/26/2026 | 4440 | 4054 | 4056 |
| &nbsp;&nbsp;&nbsp; 10508898, 4.727%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 3671 | 3428 | 3429 |
| &nbsp;&nbsp;&nbsp; 10508948, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 11153 | 10416 | 10420 |
| &nbsp;&nbsp;&nbsp; 10509204, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 16027 | 14968 | 14972 |
| &nbsp;&nbsp;&nbsp; 10509423, 6.667%, 8/24/2027 †x¶ | Square | 2/26/2026 | 1166 | 1060 | 1061 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6111** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10509430, 5.500%, 8/24/2027 †x¶ | Square | 2/26/2026 | $3804 | $3514 | $3488 |
| &nbsp;&nbsp;&nbsp; 10509460, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 25770 | 24067 | 24075 |
| &nbsp;&nbsp;&nbsp; 10509669, 4.720%, 8/24/2027 †x¶ | Square | 2/26/2026 | 5505 | 5141 | 5143 |
| &nbsp;&nbsp;&nbsp; 10509749, 5.158%, 8/24/2027 †x¶ | Square | 2/26/2026 | 64295 | 59678 | 59702 |
| &nbsp;&nbsp;&nbsp; 10510547, 5.503%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 31455 | 29056 | 28847 |
| &nbsp;&nbsp;&nbsp; 10510752, 5.722%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 19835 | 18267 | 18275 |
| &nbsp;&nbsp;&nbsp; 10510853, 6.286%, 8/24/2027 †x¶ | Square | 2/26/2026 | 4185 | 3825 | 3826 |
| &nbsp;&nbsp;&nbsp; 10510879, 5.171%, 8/24/2027 †x¶ | Square | 2/26/2026 | 2056 | 1908 | 1909 |
| &nbsp;&nbsp;&nbsp; 10510880, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 75853 | 70840 | 70864 |
| &nbsp;&nbsp;&nbsp; 10511429, 5.160%, 8/24/2027 †x¶ | Square | 2/26/2026 | 3803 | 3530 | 3531 |
| &nbsp;&nbsp;&nbsp; 10511476, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 11221 | 10480 | 10483 |
| &nbsp;&nbsp;&nbsp; 10511536, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 69043 | 64481 | 64504 |
| &nbsp;&nbsp;&nbsp; 10512095, 5.158%, 8/24/2027 †x¶ | Square | 2/26/2026 | 46508 | 43168 | 43186 |
| &nbsp;&nbsp;&nbsp; 10512377, 4.715%, 8/24/2027 †x¶ | Square | 2/26/2026 | 8115 | 7579 | 7582 |
| &nbsp;&nbsp;&nbsp; 10512427, 5.973%, 8/24/2027 †x¶ | Square | 2/26/2026 | 11358 | 10424 | 10429 |
| &nbsp;&nbsp;&nbsp; 10512538, 5.977%, 8/24/2027 †x¶ | Square | 2/26/2026 | 21137 | 19398 | 19407 |
| &nbsp;&nbsp;&nbsp; 10512845, 5.473%, 8/25/2027 †x¶ | Square | 2/27/2026 | 4412 | 4077 | 4077 |
| &nbsp;&nbsp;&nbsp; 10512864, 5.723%, 8/25/2027 †x¶ | Square | 2/27/2026 | 33026 | 30415 | 30415 |
| &nbsp;&nbsp;&nbsp; 10513118, 6.665%, 8/25/2027 †x¶ | Square | 2/27/2026 | 3875 | 3523 | 3523 |
| &nbsp;&nbsp;&nbsp; 10513141, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 79126 | 73897 | 73897 |
| &nbsp;&nbsp;&nbsp; 10514361, 6.666%, 8/25/2027 †x¶ | Square | 2/27/2026 | 2877 | 2616 | 2616 |
| &nbsp;&nbsp;&nbsp; 10514384, 4.722%, 8/25/2027 †x¶ | Square | 2/27/2026 | 3689 | 3445 | 3445 |
| &nbsp;&nbsp;&nbsp; 10514447, 5.501%, 8/25/2027 †x¶ | Square | 2/27/2026 | 1813 | 1675 | 1675 |
| &nbsp;&nbsp;&nbsp; 10514485, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 1135 | 1060 | 1060 |
| &nbsp;&nbsp;&nbsp; 10514490, 5.501%, 8/25/2027 †x¶ | Square | 2/27/2026 | 10880 | 10051 | 10051 |
| &nbsp;&nbsp;&nbsp; 10514601, 5.722%, 8/25/2027 †x¶ | Square | 2/27/2026 | 25390 | 23383 | 23383 |
| &nbsp;&nbsp;&nbsp; 10514819, 5.487%, 8/25/2027 †x¶ | Square | 2/27/2026 | 1665 | 1538 | 1538 |
| &nbsp;&nbsp;&nbsp; 10514839, 6.663%, 8/25/2027 †x¶ | Square | 2/27/2026 | 8025 | 7296 | 7296 |
| &nbsp;&nbsp;&nbsp; 10514919, 5.977%, 8/25/2027 †x¶ | Square | 2/27/2026 | 19557 | 17948 | 17948 |
| &nbsp;&nbsp;&nbsp; 10515105, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 4537 | 4237 | 4237 |
| &nbsp;&nbsp;&nbsp; 10515171, 6.508%, 8/25/2027 †x¶ | Square | 2/27/2026 | 10881 | 9914 | 9914 |
| &nbsp;&nbsp;&nbsp; 10515283, 4.715%, 8/25/2027 †x¶ | Square | 2/27/2026 | 10668 | 9963 | 9963 |
| &nbsp;&nbsp;&nbsp; 10515388, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 101892 | 95159 | 95159 |
| &nbsp;&nbsp;&nbsp; 10516049, 6.359%, 8/25/2027 †x¶ | Square | 2/27/2026 | 2050 | 1872 | 1872 |
| &nbsp;&nbsp;&nbsp; 10516071, 5.727%, 8/25/2027 †x¶ | Square | 2/27/2026 | 8551 | 7874 | 7874 |
| &nbsp;&nbsp;&nbsp; 10516124, 5.163%, 8/25/2027 †x¶ | Square | 2/27/2026 | 5539 | 5140 | 5140 |
| &nbsp;&nbsp;&nbsp; 10516186, 6.514%, 8/25/2027 †x¶ | Square | 2/27/2026 | 1595 | 1453 | 1453 |
| &nbsp;&nbsp;&nbsp; 10516192, 5.158%, 8/25/2027 †x¶ | Square | 2/27/2026 | 22155 | 20564 | 20564 |
| &nbsp;&nbsp;&nbsp; 10516372, 6.363%, 8/25/2027 †x¶ | Square | 2/27/2026 | 2392 | 2184 | 2184 |
| &nbsp;&nbsp;&nbsp; 10516396, 5.977%, 8/25/2027 †x¶ | Square | 2/27/2026 | 16055 | 14734 | 14734 |
| &nbsp;&nbsp;&nbsp; 10516505, 6.282%, 8/25/2027 †x¶ | Square | 2/27/2026 | 4222 | 3858 | 3858 |
| &nbsp;&nbsp;&nbsp; 10516552, 4.735%, 8/25/2027 †x¶ | Square | 2/27/2026 | 956 | 893 | 893 |
| &nbsp;&nbsp;&nbsp; 10516554, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 4540 | 4240 | 4240 |
| &nbsp;&nbsp;&nbsp; 10516601, 6.352%, 8/25/2027 †x¶ | Square | 2/27/2026 | 44982 | 41069 | 41069 |
| &nbsp;&nbsp;&nbsp; 10516874, 5.723%, 8/25/2027 †x¶ | Square | 2/27/2026 | 1151 | 1060 | 1060 |
| &nbsp;&nbsp;&nbsp; 10516888, 6.653%, 8/25/2027 †x¶ | Square | 2/27/2026 | 2658 | 2417 | 2417 |
| &nbsp;&nbsp;&nbsp; 10516929, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 10215 | 9540 | 9540 |
| &nbsp;&nbsp;&nbsp; 10517017, 6.666%, 8/25/2027 †x¶ | Square | 2/27/2026 | 12068 | 10971 | 10971 |
| &nbsp;&nbsp;&nbsp; 10517114, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 23040 | 21518 | 21518 |
| &nbsp;&nbsp;&nbsp; 10517282, 4.712%, 8/25/2027 †x¶ | Square | 2/27/2026 | 5981 | 5586 | 5586 |
| &nbsp;&nbsp;&nbsp; 10517328, 4.714%, 8/25/2027 †x¶ | Square | 2/27/2026 | 2744 | 2563 | 2563 |
| &nbsp;&nbsp;&nbsp; 10517333, 6.506%, 8/25/2027 †x¶ | Square | 2/27/2026 | 3804 | 3466 | 3466 |
| &nbsp;&nbsp;&nbsp; 10517351, 5.977%, 8/25/2027 †x¶ | Square | 2/27/2026 | 8266 | 7586 | 7586 |
| &nbsp;&nbsp;&nbsp; 10517413, 6.349%, 8/25/2027 †x¶ | Square | 2/27/2026 | 3448 | 3148 | 3148 |
| &nbsp;&nbsp;&nbsp; 10517452, 4.718%, 8/25/2027 †x¶ | Square | 2/27/2026 | 32578 | 30425 | 30425 |
| &nbsp;&nbsp;&nbsp; 10517727, 4.708%, 8/25/2027 †x¶ | Square | 2/27/2026 | 2722 | 2542 | 2542 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6112** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 10517737, 6.666%, 8/25/2027 †x¶ | Square | 2/27/2026 | $9089 | $8263 | $8263 |
| &nbsp;&nbsp;&nbsp; 1054037846, 25.939%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 621 | 652 | 658 |
| &nbsp;&nbsp;&nbsp; 1054158, 6.509%, 9/06/2019 †x¶#^ | Square | 3/08/2018 | 4432 | 4038 | 328 |
| &nbsp;&nbsp;&nbsp; 1055664477, 23.457%, 6/05/2024 †x¥#^ | Stripe | 12/09/2022 | 629 | 654 | 31 |
| &nbsp;&nbsp;&nbsp; 1057308311, 26.528%, 5/27/2025 †x¥#^ | Stripe | 11/30/2023 | 14210 | 14779 | 711 |
| &nbsp;&nbsp;&nbsp; 1057785, 7.302%, 9/08/2019 †x¶#^ | Square | 3/12/2018 | 347 | 334 | 26 |
| &nbsp;&nbsp;&nbsp; 1060519777, 19.194%, 12/01/2024 †x¥#^ | Stripe | 4/07/2023 | 2376 | 2471 | 119 |
| &nbsp;&nbsp;&nbsp; 1060800110, 18.123%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 821 | 854 | 872 |
| &nbsp;&nbsp;&nbsp; 1062813637, 26.133%, 8/25/2026 †x¥# | Stripe | 2/27/2025 | 904 | 941 | 45 |
| &nbsp;&nbsp;&nbsp; 1063912943, 20.000%, 1/30/2024 †x¥#^ | Stripe | 8/04/2022 | 12088 | 12571 | 604 |
| &nbsp;&nbsp;&nbsp; 1065253690, 16.000%, 10/21/2023 †x¥#^ | Stripe | 4/27/2022 | 3223 | 3352 | 161 |
| &nbsp;&nbsp;&nbsp; 1065753315, 18.797%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 4347 | 4521 | 4589 |
| &nbsp;&nbsp;&nbsp; 1067320426, 24.909%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 4101 | 4306 | 4315 |
| &nbsp;&nbsp;&nbsp; 1067470904, 20.494%, 7/26/2024 †x¥#^ | Stripe | 1/31/2023 | 2073 | 2155 | 104 |
| &nbsp;&nbsp;&nbsp; 1068143740, 21.333%, 9/17/2025 †x¥#^ | Stripe | 3/22/2024 | 8251 | 8581 | 413 |
| &nbsp;&nbsp;&nbsp; 1068531285, 24.000%, 6/02/2024 †x¥#^ | Stripe | 4/20/2022 | 8242 | 8571 | 412 |
| &nbsp;&nbsp;&nbsp; 1070128177, 11.194%, 7/23/2024 †x¥#^ | Stripe | 1/26/2023 | 6253 | 6503 | 313 |
| &nbsp;&nbsp;&nbsp; 1070304253, 26.533%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 3628 | 3773 | 2126 |
| &nbsp;&nbsp;&nbsp; 1073549944, 26.533%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 1783 | 1872 | 1876 |
| &nbsp;&nbsp;&nbsp; 107397290, 26.444%, 11/05/2026 †x¥# | Stripe | 5/12/2025 | 730 | 759 | 141 |
| &nbsp;&nbsp;&nbsp; 1082213987, 26.533%, 5/15/2025 †x¥#^ | Stripe | 11/20/2023 | 1623 | 1688 | 81 |
| &nbsp;&nbsp;&nbsp; 1084307778, 14.667%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 17661 | 18544 | 18581 |
| &nbsp;&nbsp;&nbsp; 1093966, 3.810%, 10/05/2019 †x¶#^ | Square | 4/09/2018 | 306 | 289 | 23 |
| &nbsp;&nbsp;&nbsp; 1096646455, 22.667%, 4/12/2023 †x¥#^ | Stripe | 10/15/2021 | 883 | 918 | 44 |
| &nbsp;&nbsp;&nbsp; 1096937392, 25.565%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 654 | 680 | 695 |
| &nbsp;&nbsp;&nbsp; 1097247969, 22.927%, 12/09/2025 †x¥#^ | Stripe | 6/13/2024 | 4932 | 5129 | 247 |
| &nbsp;&nbsp;&nbsp; 1100412823, 18.667%, 11/06/2025 †x¥#^ | Stripe | 5/13/2024 | 42588 | 44292 | 2129 |
| &nbsp;&nbsp;&nbsp; 1101205, 4.615%, 10/10/2019 †x¶#^ | Square | 4/12/2018 | 739 | 691 | 55 |
| &nbsp;&nbsp;&nbsp; 1102949571, 19.600%, 7/19/2024 †x¥#^ | Stripe | 1/24/2023 | 995 | 1035 | 50 |
| &nbsp;&nbsp;&nbsp; 1103930845, 25.333%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 717 | 745 | 36 |
| &nbsp;&nbsp;&nbsp; 1104732, 5.714%, 10/12/2019 †x¶#^ | Square | 4/16/2018 | 6331 | 5831 | 468 |
| &nbsp;&nbsp;&nbsp; 110800689, 26.527%, 1/01/2026 †x¥#^ | Stripe | 7/09/2024 | 3613 | 3758 | 181 |
| &nbsp;&nbsp;&nbsp; 1110199861, 12.800%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 15958 | 16756 | 16768 |
| &nbsp;&nbsp;&nbsp; 1113968, 4.603%, 10/19/2019 †x¶#^ | Square | 4/23/2018 | 9573 | 8955 | 708 |
| &nbsp;&nbsp;&nbsp; 1114443706, 16.267%, 1/06/2027 †x¥ | Stripe | 7/11/2025 | 3405 | 3541 | 3592 |
| &nbsp;&nbsp;&nbsp; 1116128241, 26.531%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 43400 | 45570 | 45570 |
| &nbsp;&nbsp;&nbsp; 1118474117, 25.860%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 4636 | 4822 | 232 |
| &nbsp;&nbsp;&nbsp; 1122528596, 24.000%, 7/11/2023 †x¥#^ | Stripe | 1/13/2022 | 1618 | 1682 | 81 |
| &nbsp;&nbsp;&nbsp; 112295903, 18.533%, 1/14/2024 †x¥#^ | Stripe | 10/27/2021 | 151 | 158 | 8 |
| &nbsp;&nbsp;&nbsp; 1123760940, 20.929%, 5/22/2024 †x¥#^ | Stripe | 11/28/2022 | 17291 | 17983 | 865 |
| &nbsp;&nbsp;&nbsp; 1123959461, 26.526%, 8/08/2025 †x¥#^ | Stripe | 2/13/2024 | 11762 | 12232 | 588 |
| &nbsp;&nbsp;&nbsp; 1126250183, 26.514%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 3163 | 3321 | 3327 |
| &nbsp;&nbsp;&nbsp; 1128694961, 20.395%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 15032 | 15783 | 15833 |
| &nbsp;&nbsp;&nbsp; 1130315051, 20.508%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 1669 | 1736 | 83 |
| &nbsp;&nbsp;&nbsp; 1131264138, 20.800%, 9/15/2026 †x¥ | Stripe | 3/20/2025 | 4900 | 5096 | 5179 |
| &nbsp;&nbsp;&nbsp; 1131371419, 16.121%, 4/03/2026 †x¥ | Stripe | 10/08/2024 | 512 | 533 | 287 |
| &nbsp;&nbsp;&nbsp; 1134243863, 22.000%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 170 | 177 | 182 |
| &nbsp;&nbsp;&nbsp; 1137076086, 26.519%, 3/18/2025 †x¥#^ | Stripe | 9/21/2023 | 1586 | 1650 | 79 |
| &nbsp;&nbsp;&nbsp; 1138074738, 12.799%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 107629 | 113011 | 113011 |
| &nbsp;&nbsp;&nbsp; 114167488, 26.133%, 4/03/2026 †x¥# | Stripe | 10/08/2024 | 2021 | 2102 | 388 |
| &nbsp;&nbsp;&nbsp; 1144791, 4.603%, 11/05/2019 †x¶#^ | Square | 5/09/2018 | 3257 | 3047 | 241 |
| &nbsp;&nbsp;&nbsp; 114765258, 20.400%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 743 | 780 | 784 |
| &nbsp;&nbsp;&nbsp; 1148799, 6.843%, 11/09/2019 †x¶#^ | Square | 5/11/2018 | 211 | 191 | 16 |
| &nbsp;&nbsp;&nbsp; 1149975975, 24.000%, 11/07/2023 †x¥#^ | Stripe | 5/12/2022 | 2184 | 2271 | 109 |
| &nbsp;&nbsp;&nbsp; 1152619613, 16.267%, 12/29/2026 †x¥ | Stripe | 7/03/2025 | 1253 | 1303 | 1320 |
| &nbsp;&nbsp;&nbsp; 1154934943, 19.333%, 12/17/2026 †x¥ | Stripe | 6/24/2025 | 1073 | 1116 | 1137 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6113** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1156391, 6.511%, 11/15/2019 †x¶#^ | Square | 5/17/2018 | $8684 | $7911 | $643 |
| &nbsp;&nbsp;&nbsp; 1156515919, 19.596%, 8/13/2027 †x¥ | Stripe | 2/18/2026 | 3275 | 3439 | 3439 |
| &nbsp;&nbsp;&nbsp; 1156645, 5.079%, 11/15/2019 †x¶#^ | Square | 5/17/2018 | 1151 | 1069 | 85 |
| &nbsp;&nbsp;&nbsp; 1161637070, 26.529%, 3/13/2026 †x¥# | Stripe | 9/17/2024 | 1371 | 1425 | 569 |
| &nbsp;&nbsp;&nbsp; 1161662968, 20.397%, 1/05/2027 †x¥ | Stripe | 7/10/2025 | 6633 | 6898 | 7022 |
| &nbsp;&nbsp;&nbsp; 1171876725, 24.000%, 10/14/2023 †x¥#^ | Stripe | 4/20/2022 | 856 | 890 | 43 |
| &nbsp;&nbsp;&nbsp; 1172870695, 26.532%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 2902 | 3018 | 3072 |
| &nbsp;&nbsp;&nbsp; 1174426788, 21.091%, 10/23/2024 †x¥#^ | Stripe | 4/28/2023 | 278 | 289 | 14 |
| &nbsp;&nbsp;&nbsp; 1177936304, 24.533%, 5/10/2024 †x¥#^ | Stripe | 11/16/2022 | 2070 | 2153 | 103 |
| &nbsp;&nbsp;&nbsp; 1181979491, 14.000%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 10000 | 10500 | 10500 |
| &nbsp;&nbsp;&nbsp; 1188483494, 25.599%, 1/12/2027 †x¥ | Stripe | 7/17/2025 | 18713 | 19462 | 19859 |
| &nbsp;&nbsp;&nbsp; 1189071534, 26.512%, 11/28/2026 †x¥ | Stripe | 6/04/2025 | 887 | 922 | 940 |
| &nbsp;&nbsp;&nbsp; 1194960946, 26.516%, 1/01/2027 †x¥# | Stripe | 7/09/2025 | 4369 | 4544 | 840 |
| &nbsp;&nbsp;&nbsp; 1195031260, 16.000%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 3000 | 3150 | 3150 |
| &nbsp;&nbsp;&nbsp; 1195550959, 18.366%, 9/29/2023 †x¥#^ | Stripe | 4/05/2022 | 1033 | 1075 | 52 |
| &nbsp;&nbsp;&nbsp; 1196841394, 25.841%, 12/09/2026 †x¥ | Stripe | 6/13/2025 | 632 | 657 | 672 |
| &nbsp;&nbsp;&nbsp; 1203294876, 18.794%, 5/03/2024 †x¥#^ | Stripe | 11/08/2022 | 6892 | 7168 | 345 |
| &nbsp;&nbsp;&nbsp; 1205302857, 25.596%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 6246 | 6559 | 6575 |
| &nbsp;&nbsp;&nbsp; 1206608147, 26.515%, 3/06/2026 †x¥# | Stripe | 9/10/2024 | 3587 | 3730 | 179 |
| &nbsp;&nbsp;&nbsp; 1210312717, 26.514%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 5617 | 5898 | 5908 |
| &nbsp;&nbsp;&nbsp; 1217234036, 20.513%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 218 | 227 | 11 |
| &nbsp;&nbsp;&nbsp; 1217271984, 19.196%, 5/15/2024 †x¥#^ | Stripe | 11/18/2022 | 6917 | 7194 | 346 |
| &nbsp;&nbsp;&nbsp; 1224701204, 26.476%, 1/02/2025 †x¥#^ | Stripe | 7/10/2023 | 601 | 625 | 30 |
| &nbsp;&nbsp;&nbsp; 1227357018, 26.533%, 2/10/2026 †x¥#^ | Stripe | 8/15/2024 | 2249 | 2339 | 112 |
| &nbsp;&nbsp;&nbsp; 1233469742, 21.733%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 9107 | 9472 | 455 |
| &nbsp;&nbsp;&nbsp; 1244652388, 26.533%, 8/05/2026 †x¥ | Stripe | 2/07/2025 | 58 | 60 | 62 |
| &nbsp;&nbsp;&nbsp; 124699726, 14.000%, 3/09/2027 †x¥ | Stripe | 9/11/2025 | 112906 | 117423 | 118776 |
| &nbsp;&nbsp;&nbsp; 124779986, 10.667%, 4/17/2024 †x¥#^ | Stripe | 10/21/2022 | 10500 | 10920 | 525 |
| &nbsp;&nbsp;&nbsp; 1249330629, 14.800%, 11/20/2025 †x¥#^ | Stripe | 5/28/2024 | 104602 | 108786 | 5230 |
| &nbsp;&nbsp;&nbsp; 1252702200, 19.066%, 10/03/2024 †x¥#^ | Stripe | 4/10/2023 | 26167 | 27213 | 1308 |
| &nbsp;&nbsp;&nbsp; 1254185738, 24.000%, 8/01/2023 †x¥#^ | Stripe | 2/03/2022 | 1694 | 1762 | 85 |
| &nbsp;&nbsp;&nbsp; 1255089851, 22.000%, 4/10/2026 †x¥ | Stripe | 10/16/2024 | 8889 | 9244 | 9492 |
| &nbsp;&nbsp;&nbsp; 1260672006, 26.524%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 471 | 489 | 24 |
| &nbsp;&nbsp;&nbsp; 1263426870, 20.333%, 1/08/2027 †x¥ | Stripe | 7/15/2025 | 898 | 934 | 944 |
| &nbsp;&nbsp;&nbsp; 1267034731, 24.000%, 5/18/2023 †x¥#^ | Stripe | 11/22/2021 | 789 | 821 | 39 |
| &nbsp;&nbsp;&nbsp; 126705644, 26.000%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 1390 | 1459 | 1463 |
| &nbsp;&nbsp;&nbsp; 1268550, 26.489%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 1500 | 1575 | 1575 |
| &nbsp;&nbsp;&nbsp; 1270384636, 17.733%, 3/26/2024 †x¥#^ | Stripe | 9/29/2022 | 83090 | 86414 | 4154 |
| &nbsp;&nbsp;&nbsp; 1270673, 5.714%, 1/31/2020 †x¶#^ | Square | 8/02/2018 | 835 | 769 | 62 |
| &nbsp;&nbsp;&nbsp; 1276500165, 26.519%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 3256 | 3419 | 3425 |
| &nbsp;&nbsp;&nbsp; 1278606387, 16.267%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 235999 | 247799 | 248034 |
| &nbsp;&nbsp;&nbsp; 1281183898, 22.905%, 12/02/2025 †x¥#^ | Stripe | 6/06/2024 | 762 | 792 | 38 |
| &nbsp;&nbsp;&nbsp; 1290840234, 26.533%, 11/05/2025 †x¥#^ | Stripe | 5/10/2024 | 88106 | 91630 | 4405 |
| &nbsp;&nbsp;&nbsp; 1290972079, 18.930%, 9/05/2023 †x¥#^ | Stripe | 3/10/2022 | 18015 | 18735 | 901 |
| &nbsp;&nbsp;&nbsp; 1291440967, 26.108%, 2/27/2026 †x¥#^ | Stripe | 9/04/2024 | 209 | 218 | 85 |
| &nbsp;&nbsp;&nbsp; 1291512267, 21.467%, 11/19/2025 †x¥#^ | Stripe | 5/24/2024 | 22334 | 23227 | 1117 |
| &nbsp;&nbsp;&nbsp; 129710529, 19.307%, 3/29/2024 †x¥#^ | Stripe | 10/04/2022 | 281 | 292 | 14 |
| &nbsp;&nbsp;&nbsp; 1297717172, 21.051%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 367 | 382 | 18 |
| &nbsp;&nbsp;&nbsp; 1298589418, 21.179%, 2/20/2026 †x¥#^ | Stripe | 12/27/2023 | 270 | 281 | 13 |
| &nbsp;&nbsp;&nbsp; 12a29f98-0a52-48a7-a233-21283d4711b8, 14.090%, 6/25/2018 †x#^ | Funding Circle | 12/16/2016 | 112621 | 112621 | 33786 |
| &nbsp;&nbsp;&nbsp; 12ba0de1-b4c3-4485-b870-ab312e91f6ac, 26.240%, 6/11/2019 †x#^ | Funding Circle | 9/13/2018 | 23118 | 23118 | 6935 |
| &nbsp;&nbsp;&nbsp; 1301691037, 20.267%, 7/19/2024 †x¥#^ | Stripe | 1/24/2023 | 29814 | 31006 | 1491 |
| &nbsp;&nbsp;&nbsp; 1302204791, 17.065%, 4/22/2025 †x¥#^ | Stripe | 10/26/2023 | 6838 | 7112 | 342 |
| &nbsp;&nbsp;&nbsp; 1303108609, 19.273%, 3/13/2027 †x¥ | Stripe | 9/17/2025 | 461 | 479 | 488 |
| &nbsp;&nbsp;&nbsp; 130539199, 12.800%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 100000 | 105000 | 105000 |
| &nbsp;&nbsp;&nbsp; 130821569, 15.198%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 13935 | 14493 | 14691 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6114** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1310655940, 21.189%, 2/05/2025 †x¥#^ | Stripe | 8/11/2023 | $5310 | $5523 | $266 |
| &nbsp;&nbsp;&nbsp; 1310734674, 14.667%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 47714 | 50100 | 50224 |
| &nbsp;&nbsp;&nbsp; 1311388803, 19.066%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 91060 | 94703 | 4553 |
| &nbsp;&nbsp;&nbsp; 1312952420, 19.867%, 8/05/2024 †x¥#^ | Stripe | 12/13/2022 | 70035 | 72837 | 3502 |
| &nbsp;&nbsp;&nbsp; 1313786037, 25.600%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 177 | 185 | 104 |
| &nbsp;&nbsp;&nbsp; 1320083222, 20.132%, 2/29/2024 †x¥#^ | Stripe | 9/06/2022 | 46188 | 48035 | 2309 |
| &nbsp;&nbsp;&nbsp; 1320255381, 18.133%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 10089 | 10493 | 10673 |
| &nbsp;&nbsp;&nbsp; 1320820355, 17.333%, 7/21/2024 †x¥#^ | Stripe | 5/05/2022 | 10469 | 10887 | 523 |
| &nbsp;&nbsp;&nbsp; 1322525439, 20.912%, 6/12/2026 †x¥ | Stripe | 12/17/2024 | 282 | 293 | 298 |
| &nbsp;&nbsp;&nbsp; 132906829, 23.859%, 5/16/2024 †x¥#^ | Stripe | 11/21/2022 | 3498 | 3638 | 175 |
| &nbsp;&nbsp;&nbsp; 1333237852, 17.867%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 28211 | 29339 | 29796 |
| &nbsp;&nbsp;&nbsp; 1334056469, 11.328%, 9/25/2024 †x¥#^ | Stripe | 3/31/2023 | 4881 | 5076 | 244 |
| &nbsp;&nbsp;&nbsp; 1334472545, 22.778%, 12/05/2024 †x¥#^ | Stripe | 6/12/2023 | 340 | 353 | 17 |
| &nbsp;&nbsp;&nbsp; 1334480685, 20.933%, 8/03/2024 †x¥#^ | Stripe | 2/08/2023 | 20712 | 21541 | 1036 |
| &nbsp;&nbsp;&nbsp; 1335892175, 23.059%, 12/10/2024 †x¥#^ | Stripe | 6/15/2023 | 2970 | 3089 | 149 |
| &nbsp;&nbsp;&nbsp; 133805216, 15.990%, 11/30/2023 †x#^ | Lending Club | 12/04/2018 | 8424 | 8424 | 842 |
| &nbsp;&nbsp;&nbsp; 1342156726, 26.510%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 1590 | 1669 | 1671 |
| &nbsp;&nbsp;&nbsp; 1343986, 5.877%, 3/18/2020 †x¶#^ | Square | 9/20/2018 | 4877 | 4482 | 361 |
| &nbsp;&nbsp;&nbsp; 1345448958, 18.131%, 6/14/2025 †x¥#^ | Stripe | 12/20/2023 | 21676 | 22543 | 1084 |
| &nbsp;&nbsp;&nbsp; 1347224232, 25.593%, 12/31/2026 †x¥# | Stripe | 7/08/2025 | 11411 | 11867 | 2162 |
| &nbsp;&nbsp;&nbsp; 1347981299, 20.000%, 4/10/2027 †x¥# | Stripe | 3/20/2025 | 9838 | 10231 | 3866 |
| &nbsp;&nbsp;&nbsp; 1349826545, 18.111%, 1/21/2027 †x¥ | Stripe | 7/28/2025 | 2051 | 2133 | 2157 |
| &nbsp;&nbsp;&nbsp; 1349855727, 22.394%, 8/12/2026 †x¥ | Stripe | 12/18/2024 | 1894 | 1970 | 1084 |
| &nbsp;&nbsp;&nbsp; 13531226, 20.392%, 12/05/2026 †x¥# | Stripe | 6/11/2025 | 2644 | 2750 | 723 |
| &nbsp;&nbsp;&nbsp; 135378068, 26.527%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 1426 | 1483 | 1522 |
| &nbsp;&nbsp;&nbsp; 1358813, 3.492%, 3/25/2020 †x¶#^ | Square | 9/27/2018 | 13798 | 13112 | 1021 |
| &nbsp;&nbsp;&nbsp; 1366419990, 18.000%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 2179 | 2266 | 2294 |
| &nbsp;&nbsp;&nbsp; 1367213006, 20.119%, 9/28/2024 †x¥#^ | Stripe | 4/05/2023 | 2608 | 2713 | 130 |
| &nbsp;&nbsp;&nbsp; 1367341052, 17.333%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 19852 | 20845 | 20879 |
| &nbsp;&nbsp;&nbsp; 1368855130, 20.908%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 2668 | 2774 | 133 |
| &nbsp;&nbsp;&nbsp; 1372928680, 25.725%, 4/17/2025 †x¥#^ | Stripe | 10/23/2023 | 34 | 35 | 2 |
| &nbsp;&nbsp;&nbsp; 1373524130, 18.922%, 7/04/2024 †x¥#^ | Stripe | 1/09/2023 | 7918 | 8235 | 396 |
| &nbsp;&nbsp;&nbsp; 1374285518, 19.065%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 11191 | 11639 | 560 |
| &nbsp;&nbsp;&nbsp; 1377111005, 22.393%, 8/21/2026 †x¥ | Stripe | 2/25/2025 | 1135 | 1181 | 1208 |
| &nbsp;&nbsp;&nbsp; 1377408282, 21.333%, 12/24/2024 †x¥#^ | Stripe | 6/29/2023 | 5833 | 6067 | 292 |
| &nbsp;&nbsp;&nbsp; 1378260833, 24.932%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 65075 | 68328 | 68437 |
| &nbsp;&nbsp;&nbsp; 1380556703, 12.793%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 3557 | 3735 | 3737 |
| &nbsp;&nbsp;&nbsp; 1381177238, 22.267%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 3942 | 4139 | 4139 |
| &nbsp;&nbsp;&nbsp; 138152071, 26.525%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 6103 | 6347 | 6425 |
| &nbsp;&nbsp;&nbsp; 1382570432, 26.533%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 1000 | 1050 | 1050 |
| &nbsp;&nbsp;&nbsp; 1385421707, 20.396%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 4544 | 4726 | 4808 |
| &nbsp;&nbsp;&nbsp; 1386317781, 25.333%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 25009 | 26010 | 1250 |
| &nbsp;&nbsp;&nbsp; 1387986, 5.079%, 4/12/2020 †x¶#^ | Square | 10/16/2018 | 1000 | 929 | 74 |
| &nbsp;&nbsp;&nbsp; 1388782, 7.289%, 4/15/2020 †x¶#^ | Square | 10/17/2018 | 261 | 235 | 19 |
| &nbsp;&nbsp;&nbsp; 1389227290, 20.381%, 9/14/2024 †x¥#^ | Stripe | 3/22/2023 | 1142 | 1187 | 57 |
| &nbsp;&nbsp;&nbsp; 1390871033, 19.866%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 94266 | 98037 | 4713 |
| &nbsp;&nbsp;&nbsp; 1393318, 5.079%, 4/17/2020 †x¶#^ | Square | 10/19/2018 | 1069 | 993 | 79 |
| &nbsp;&nbsp;&nbsp; 1394179671, 26.533%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 292 | 304 | 309 |
| &nbsp;&nbsp;&nbsp; 1398002547, 21.462%, 4/20/2024 †x¥#^ | Stripe | 10/26/2022 | 3427 | 3564 | 171 |
| &nbsp;&nbsp;&nbsp; 1399574926, 21.333%, 1/03/2024 †x¥#^ | Stripe | 7/08/2022 | 6417 | 6673 | 321 |
| &nbsp;&nbsp;&nbsp; 1399818363, 15.197%, 8/20/2025 †x¥#^ | Stripe | 2/23/2024 | 1464 | 1523 | 73 |
| &nbsp;&nbsp;&nbsp; 13a87c95-6293-4f33-a888-a69900f946d2, 12.690%, 1/29/2019 †x#^ | Funding Circle | 12/16/2016 | 86931 | 87236 | 26079 |
| &nbsp;&nbsp;&nbsp; 140171157, 19.990%, 10/18/2023 †x#^ | Lending Club | 10/22/2018 | 147 | 3547 | 15 |
| &nbsp;&nbsp;&nbsp; 1404215956, 26.515%, 2/03/2026 †x¥#^ | Stripe | 8/08/2024 | 3911 | 4068 | 196 |
| &nbsp;&nbsp;&nbsp; 1404736026, 19.064%, 12/31/2024 †x¥#^ | Stripe | 7/07/2023 | 13813 | 14365 | 691 |
| &nbsp;&nbsp;&nbsp; 1405432415, 22.120%, 7/11/2023 †x¥#^ | Stripe | 1/13/2022 | 4572 | 4754 | 229 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6115** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1407112741, 16.255%, 2/25/2027 †x¥ | Stripe | 9/02/2025 | $4303 | $4475 | $4507 |
| &nbsp;&nbsp;&nbsp; 1407420, 3.810%, 4/23/2020 †x¶#^ | Square | 10/25/2018 | 14468 | 13686 | 1071 |
| &nbsp;&nbsp;&nbsp; 140849557, 20.132%, 3/15/2024 †x¥#^ | Stripe | 9/20/2022 | 12631 | 13136 | 632 |
| &nbsp;&nbsp;&nbsp; 1413884438, 14.667%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 27159 | 28517 | 28547 |
| &nbsp;&nbsp;&nbsp; 1416041238, 20.933%, 11/13/2024 †x¥#^ | Stripe | 5/19/2023 | 72962 | 75880 | 3648 |
| &nbsp;&nbsp;&nbsp; 1418930742, 26.530%, 8/13/2027 †x¥ | Stripe | 2/18/2026 | 8800 | 9240 | 9240 |
| &nbsp;&nbsp;&nbsp; 1419572697, 25.855%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 56 | 58 | 60 |
| &nbsp;&nbsp;&nbsp; 1422176492, 26.533%, 8/22/2026 †x¥# | Stripe | 2/26/2025 | 14136 | 14702 | 3970 |
| &nbsp;&nbsp;&nbsp; 1426462986, 26.525%, 4/15/2025 †x¥#^ | Stripe | 10/19/2023 | 4729 | 4918 | 236 |
| &nbsp;&nbsp;&nbsp; 1431698233, 25.600%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 4555 | 4782 | 4790 |
| &nbsp;&nbsp;&nbsp; 1432928321, 22.667%, 10/05/2024 †x¥#^ | Stripe | 4/12/2023 | 891 | 927 | 45 |
| &nbsp;&nbsp;&nbsp; 1433616880, 21.067%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 6797 | 7069 | 340 |
| &nbsp;&nbsp;&nbsp; 1434868315, 26.532%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 43631 | 45812 | 46129 |
| &nbsp;&nbsp;&nbsp; 1435963000, 21.589%, 8/31/2024 †x¥#^ | Stripe | 3/08/2023 | 3153 | 3279 | 158 |
| &nbsp;&nbsp;&nbsp; 1437455216, 26.533%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 8000 | 8400 | 8400 |
| &nbsp;&nbsp;&nbsp; 1439574170, 25.867%, 10/29/2026 †x¥ | Stripe | 5/05/2025 | 3025 | 3146 | 3244 |
| &nbsp;&nbsp;&nbsp; 1444024, 7.308%, 5/06/2020 †x¶#^ | Square | 11/08/2018 | 1092 | 984 | 81 |
| &nbsp;&nbsp;&nbsp; 1447266525, 18.116%, 1/13/2027 †x¥ | Stripe | 7/18/2025 | 1558 | 1620 | 1647 |
| &nbsp;&nbsp;&nbsp; 1448732225, 21.733%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 341 | 355 | 17 |
| &nbsp;&nbsp;&nbsp; 1449623352, 26.133%, 7/01/2026 †x¥ | Stripe | 1/06/2025 | 237 | 247 | 256 |
| &nbsp;&nbsp;&nbsp; 1450196810, 17.333%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 14156 | 14864 | 14868 |
| &nbsp;&nbsp;&nbsp; 1455052127, 24.909%, 1/22/2025 †x¥#^ | Stripe | 11/29/2022 | 692 | 720 | 35 |
| &nbsp;&nbsp;&nbsp; 1455555430, 25.600%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 4000 | 4200 | 4200 |
| &nbsp;&nbsp;&nbsp; 1456469527, 18.074%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 1159 | 1206 | 1216 |
| &nbsp;&nbsp;&nbsp; 1457255043, 26.133%, 9/30/2026 †x¥ | Stripe | 4/04/2025 | 3045 | 3167 | 3245 |
| &nbsp;&nbsp;&nbsp; 1460928752, 25.818%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 401 | 417 | 427 |
| &nbsp;&nbsp;&nbsp; 1468345742, 24.119%, 7/20/2024 †x¥#^ | Stripe | 1/25/2023 | 4559 | 4742 | 228 |
| &nbsp;&nbsp;&nbsp; 1469185684, 16.000%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 3279 | 3443 | 3458 |
| &nbsp;&nbsp;&nbsp; 1473570846, 22.000%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 382 | 397 | 406 |
| &nbsp;&nbsp;&nbsp; 1474433706, 19.066%, 9/18/2024 †x¥#^ | Stripe | 3/24/2023 | 50238 | 52248 | 2512 |
| &nbsp;&nbsp;&nbsp; 147c977b-fc94-4a7e-a366-e517eaf5cc55, 16.090%, 6/04/2019 †x#^ | Funding Circle | 10/04/2017 | 54876 | 54876 | 16463 |
| &nbsp;&nbsp;&nbsp; 1480503927, 20.788%, 10/03/2026 †x¥ | Stripe | 4/09/2025 | 203 | 211 | 216 |
| &nbsp;&nbsp;&nbsp; 1481246981, 22.248%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 3495 | 3670 | 3670 |
| &nbsp;&nbsp;&nbsp; 1482427421, 22.386%, 4/18/2026 †x¥ | Stripe | 10/23/2024 | 608 | 633 | 348 |
| &nbsp;&nbsp;&nbsp; 1486513386, 20.372%, 1/07/2027 †x¥ | Stripe | 7/14/2025 | 1000 | 1040 | 1059 |
| &nbsp;&nbsp;&nbsp; 1490473451, 18.000%, 1/04/2024 †x¥#^ | Stripe | 7/11/2022 | 4324 | 4497 | 216 |
| &nbsp;&nbsp;&nbsp; 1490475536, 22.667%, 10/07/2025 †x¥#^ | Stripe | 4/11/2024 | 2197 | 2285 | 110 |
| &nbsp;&nbsp;&nbsp; 1492030, 3.494%, 6/04/2020 †x¶#^ | Square | 12/06/2018 | 4290 | 4076 | 317 |
| &nbsp;&nbsp;&nbsp; 1493375717, 24.533%, 2/18/2025 †x¥#^ | Stripe | 12/12/2022 | 5724 | 5953 | 286 |
| &nbsp;&nbsp;&nbsp; 1499652776, 16.532%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 21082 | 21925 | 1054 |
| &nbsp;&nbsp;&nbsp; 1500019, 5.870%, 6/07/2020 †x¶#^ | Square | 12/11/2018 | 1421 | 1306 | 105 |
| &nbsp;&nbsp;&nbsp; 1507757715, 21.333%, 4/25/2024 †x¥#^ | Stripe | 10/31/2022 | 3000 | 3120 | 150 |
| &nbsp;&nbsp;&nbsp; 1507862451, 20.388%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 4440 | 4662 | 4680 |
| &nbsp;&nbsp;&nbsp; 1509070621, 26.095%, 4/15/2026 †x¥# | Stripe | 10/18/2024 | 2489 | 2589 | 124 |
| &nbsp;&nbsp;&nbsp; 1509362348, 19.593%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 1404 | 1475 | 1485 |
| &nbsp;&nbsp;&nbsp; 1510892243, 19.200%, 8/07/2024 †x¥#^ | Stripe | 2/10/2023 | 7703 | 8011 | 385 |
| &nbsp;&nbsp;&nbsp; 1511106885, 22.800%, 10/24/2025 †x¥#^ | Stripe | 4/30/2024 | 4838 | 5031 | 242 |
| &nbsp;&nbsp;&nbsp; 1512457963, 22.909%, 8/08/2024 †x¥#^ | Stripe | 2/13/2023 | 3511 | 3651 | 176 |
| &nbsp;&nbsp;&nbsp; 151658041, 17.984%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 3613 | 3794 | 3808 |
| &nbsp;&nbsp;&nbsp; 1517638090, 13.989%, 12/26/2026 †x¥ | Stripe | 7/02/2025 | 1483 | 1542 | 1565 |
| &nbsp;&nbsp;&nbsp; 1518386389, 25.030%, 2/26/2026 †x¥#^ | Stripe | 9/03/2024 | 2200 | 2288 | 110 |
| &nbsp;&nbsp;&nbsp; 1518952820, 20.400%, 1/21/2027 †x¥# | Stripe | 7/28/2025 | 6432 | 6689 | 2554 |
| &nbsp;&nbsp;&nbsp; 1519414138, 18.800%, 10/15/2026 †x¥ | Stripe | 4/21/2025 | 7746 | 8056 | 8203 |
| &nbsp;&nbsp;&nbsp; 1519961061, 20.131%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 4278 | 4449 | 214 |
| &nbsp;&nbsp;&nbsp; 1521563802, 26.522%, 5/30/2025 †x¥#^ | Stripe | 12/05/2023 | 3628 | 3773 | 181 |
| &nbsp;&nbsp;&nbsp; 1522572949, 20.398%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 22821 | 23962 | 24048 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6116** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1523813268, 18.108%, 3/06/2027 †x¥ | Stripe | 9/10/2025 | $1281 | $1332 | $1352 |
| &nbsp;&nbsp;&nbsp; 1529799544, 20.242%, 10/25/2023 †x¥#^ | Stripe | 4/29/2022 | 575 | 598 | 29 |
| &nbsp;&nbsp;&nbsp; 1534442935, 24.000%, 10/10/2023 †x¥#^ | Stripe | 4/14/2022 | 1095 | 1139 | 55 |
| &nbsp;&nbsp;&nbsp; 153588441, 26.533%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 3537 | 3714 | 3735 |
| &nbsp;&nbsp;&nbsp; 1537130136, 23.733%, 2/18/2026 †x¥#^ | Stripe | 8/23/2024 | 521 | 542 | 26 |
| &nbsp;&nbsp;&nbsp; 1537194454, 22.507%, 5/17/2024 †x¥#^ | Stripe | 3/24/2022 | 1094 | 1138 | 55 |
| &nbsp;&nbsp;&nbsp; 1537318128, 25.600%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 894 | 938 | 941 |
| &nbsp;&nbsp;&nbsp; 153764663, 19.586%, 7/20/2024 †x¥#^ | Stripe | 1/25/2023 | 2869 | 2984 | 143 |
| &nbsp;&nbsp;&nbsp; 1539979439, 20.932%, 4/21/2025 †x¥#^ | Stripe | 1/31/2023 | 4326 | 4499 | 216 |
| &nbsp;&nbsp;&nbsp; 1542794674, 22.794%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 3819 | 3972 | 191 |
| &nbsp;&nbsp;&nbsp; 15443ac2-cef1-40a4-88fd-a02f1bda6f1e, 8.250%, 7/15/2019 †x#^ | Funding Circle | 1/16/2018 | 241269 | 241269 | 72381 |
| &nbsp;&nbsp;&nbsp; 1545548871, 13.866%, 11/02/2024 †x¥#^ | Stripe | 5/10/2023 | 85775 | 89206 | 4289 |
| &nbsp;&nbsp;&nbsp; 1545575215, 25.600%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 32485 | 34109 | 34109 |
| &nbsp;&nbsp;&nbsp; 1546194323, 26.111%, 7/17/2026 †x¥# | Stripe | 1/22/2025 | 895 | 931 | 45 |
| &nbsp;&nbsp;&nbsp; 1546200, 5.879%, 7/03/2020 †x¶#^ | Square | 1/07/2019 | 1768 | 1625 | 131 |
| &nbsp;&nbsp;&nbsp; 1547452, 5.880%, 7/04/2020 †x¶#^ | Square | 1/08/2019 | 323 | 297 | 24 |
| &nbsp;&nbsp;&nbsp; 1548761712, 15.200%, 12/12/2026 †x¥ | Stripe | 6/18/2025 | 6602 | 6867 | 6981 |
| &nbsp;&nbsp;&nbsp; 1549973639, 17.466%, 12/13/2024 †x¥#^ | Stripe | 6/21/2023 | 12833 | 13347 | 642 |
| &nbsp;&nbsp;&nbsp; 1550887744, 18.791%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 124 | 129 | 133 |
| &nbsp;&nbsp;&nbsp; 155254968, 17.721%, 1/20/2026 †x¥#^ | Stripe | 7/25/2024 | 4889 | 5084 | 244 |
| &nbsp;&nbsp;&nbsp; 155500755, 22.303%, 7/17/2026 †x¥# | Stripe | 1/22/2025 | 478 | 497 | 24 |
| &nbsp;&nbsp;&nbsp; 1560935562, 22.264%, 2/28/2026 †x¥#^ | Stripe | 9/05/2024 | 9948 | 10346 | 497 |
| &nbsp;&nbsp;&nbsp; 1561526, 7.304%, 7/12/2020 †x¶#^ | Square | 1/16/2019 | 2318 | 2089 | 172 |
| &nbsp;&nbsp;&nbsp; 1561636, 4.600%, 7/12/2020 †x¶#^ | Square | 1/16/2019 | 1165 | 1090 | 86 |
| &nbsp;&nbsp;&nbsp; 1561653, 3.810%, 7/13/2020 †x¶#^ | Square | 1/16/2019 | 1371 | 1297 | 101 |
| &nbsp;&nbsp;&nbsp; 1563276225, 26.513%, 1/02/2025 †x¥#^ | Stripe | 7/10/2023 | 1348 | 1402 | 67 |
| &nbsp;&nbsp;&nbsp; 1579993121, 21.600%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 339 | 352 | 17 |
| &nbsp;&nbsp;&nbsp; 1580045882, 18.132%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 18837 | 19779 | 19780 |
| &nbsp;&nbsp;&nbsp; 1588937555, 26.133%, 9/15/2026 †x¥# | Stripe | 3/20/2025 | 7752 | 8062 | 1478 |
| &nbsp;&nbsp;&nbsp; 1589234705, 20.089%, 12/18/2024 †x¥#^ | Stripe | 6/23/2023 | 440 | 457 | 22 |
| &nbsp;&nbsp;&nbsp; 1589757469, 18.933%, 7/17/2024 †x¥#^ | Stripe | 1/20/2023 | 26541 | 27603 | 1327 |
| &nbsp;&nbsp;&nbsp; 1593180517, 21.600%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 780 | 811 | 39 |
| &nbsp;&nbsp;&nbsp; 1596328191, 19.833%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 514 | 535 | 26 |
| &nbsp;&nbsp;&nbsp; 1598331730, 26.532%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 62321 | 65437 | 65535 |
| &nbsp;&nbsp;&nbsp; 1599549349, 26.513%, 2/25/2027 †x¥# | Stripe | 9/02/2025 | 4591 | 4775 | 1874 |
| &nbsp;&nbsp;&nbsp; 15c10867-ba02-403a-8589-5ba99d7f9635, 26.990%, 4/22/2019 †x#^ | Funding Circle | 6/22/2018 | 11028 | 11028 | 3308 |
| &nbsp;&nbsp;&nbsp; 15f0ca8d-6121-4a8c-a558-e868ef064404, 19.700%, 2/26/2020 †x#^ | Funding Circle | 12/26/2018 | 63821 | 63821 | 19146 |
| &nbsp;&nbsp;&nbsp; 1601868712, 20.265%, 6/19/2024 †x¥#^ | Stripe | 12/23/2022 | 7611 | 7915 | 381 |
| &nbsp;&nbsp;&nbsp; 1601876393, 16.000%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 19816 | 20609 | 991 |
| &nbsp;&nbsp;&nbsp; 1607957996, 19.333%, 6/25/2024 †x¥#^ | Stripe | 11/01/2022 | 1060 | 1103 | 53 |
| &nbsp;&nbsp;&nbsp; 1609400, 7.302%, 8/09/2020 †x¶#^ | Square | 2/13/2019 | 449 | 405 | 33 |
| &nbsp;&nbsp;&nbsp; 1609943076, 20.664%, 12/26/2025 †x¥#^ | Stripe | 7/02/2024 | 6261 | 6511 | 313 |
| &nbsp;&nbsp;&nbsp; 1610280475, 18.400%, 10/27/2023 †x¥#^ | Stripe | 5/03/2022 | 13998 | 14558 | 700 |
| &nbsp;&nbsp;&nbsp; 1615999077, 16.129%, 3/05/2026 †x¥# | Stripe | 9/09/2024 | 2375 | 2470 | 438 |
| &nbsp;&nbsp;&nbsp; 1616129664, 19.462%, 6/29/2024 †x¥#^ | Stripe | 1/05/2023 | 2000 | 2080 | 100 |
| &nbsp;&nbsp;&nbsp; 1617321925, 21.596%, 12/20/2023 †x¥#^ | Stripe | 6/24/2022 | 3535 | 3676 | 177 |
| &nbsp;&nbsp;&nbsp; 1619560092, 25.600%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 9588 | 9972 | 10181 |
| &nbsp;&nbsp;&nbsp; 1621171755, 20.400%, 12/24/2026 †x¥ | Stripe | 6/30/2025 | 1541 | 1603 | 1632 |
| &nbsp;&nbsp;&nbsp; 1624295169, 26.533%, 8/13/2026 †x¥# | Stripe | 2/18/2025 | 2701 | 2809 | 519 |
| &nbsp;&nbsp;&nbsp; 1625253815, 19.200%, 11/19/2022 †x¥#^ | Stripe | 5/26/2021 | 5211 | 5418 | 261 |
| &nbsp;&nbsp;&nbsp; 162574356, 24.242%, 3/14/2025 †x¥#^ | Stripe | 9/19/2023 | 574 | 596 | 29 |
| &nbsp;&nbsp;&nbsp; 162584928, 19.332%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 21109 | 21954 | 22294 |
| &nbsp;&nbsp;&nbsp; 1627333347, 16.133%, 12/18/2024 †x¥#^ | Stripe | 6/23/2023 | 104121 | 108286 | 5206 |
| &nbsp;&nbsp;&nbsp; 1633548153, 21.063%, 9/18/2023 †x¥#^ | Stripe | 11/30/2021 | 2487 | 2586 | 124 |
| &nbsp;&nbsp;&nbsp; 1633711, 5.714%, 8/19/2020 †x¶#^ | Square | 2/21/2019 | 3445 | 3173 | 255 |
| &nbsp;&nbsp;&nbsp; 1645237967, 25.600%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 522 | 543 | 551 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6117** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 164553731, 18.797%, 7/24/2024 †x¥#^ | Stripe | 1/27/2023 | $3967 | $4125 | $198 |
| &nbsp;&nbsp;&nbsp; 1645635749, 19.867%, 11/15/2024 †x¥#^ | Stripe | 5/23/2023 | 1854 | 1928 | 93 |
| &nbsp;&nbsp;&nbsp; 1647636950, 25.524%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 796 | 828 | 840 |
| &nbsp;&nbsp;&nbsp; 1647959, 6.520%, 8/27/2020 †x¶#^ | Square | 3/01/2019 | 184 | 167 | 14 |
| &nbsp;&nbsp;&nbsp; 1656253490, 25.333%, 7/17/2024 †x¥#^ | Stripe | 1/20/2023 | 1993 | 2073 | 100 |
| &nbsp;&nbsp;&nbsp; 1661801159, 16.530%, 2/10/2026 †x¥#^ | Stripe | 8/15/2024 | 4535 | 4716 | 227 |
| &nbsp;&nbsp;&nbsp; 1664121309, 26.495%, 9/16/2025 †x¥#^ | Stripe | 1/23/2024 | 2530 | 2632 | 127 |
| &nbsp;&nbsp;&nbsp; 1665773518, 19.600%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 28106 | 29511 | 29536 |
| &nbsp;&nbsp;&nbsp; 1667862, 5.873%, 9/08/2020 †x¶#^ | Square | 3/12/2019 | 710 | 653 | 53 |
| &nbsp;&nbsp;&nbsp; 1673166985, 17.589%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 4100 | 4264 | 4320 |
| &nbsp;&nbsp;&nbsp; 1681857188, 26.051%, 7/23/2026 †x¥ | Stripe | 1/27/2025 | 194 | 202 | 209 |
| &nbsp;&nbsp;&nbsp; 1684323219, 25.600%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 4144 | 4351 | 4373 |
| &nbsp;&nbsp;&nbsp; 1684715718, 24.000%, 1/09/2024 †x¥#^ | Stripe | 5/17/2022 | 3812 | 3964 | 191 |
| &nbsp;&nbsp;&nbsp; 1687980479, 19.588%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 6602 | 6866 | 330 |
| &nbsp;&nbsp;&nbsp; 1692853080, 18.933%, 9/24/2024 †x¥#^ | Stripe | 7/27/2022 | 1706 | 1774 | 85 |
| &nbsp;&nbsp;&nbsp; 1693544480, 24.923%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 9365 | 9833 | 9854 |
| &nbsp;&nbsp;&nbsp; 1702600, 6.605%, 9/22/2020 †x¶#^ | Square | 3/26/2019 | 2100 | 1911 | 155 |
| &nbsp;&nbsp;&nbsp; 1703275555, 22.266%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 113739 | 119426 | 119417 |
| &nbsp;&nbsp;&nbsp; 1703561313, 19.333%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 35076 | 36830 | 36944 |
| &nbsp;&nbsp;&nbsp; 1704888333, 20.516%, 3/08/2023 †x¥#^ | Stripe | 9/10/2021 | 1378 | 1433 | 69 |
| &nbsp;&nbsp;&nbsp; 1705463110, 19.855%, 9/02/2025 †x¥#^ | Stripe | 7/12/2023 | 1980 | 2060 | 99 |
| &nbsp;&nbsp;&nbsp; 1706115584, 26.489%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 244 | 254 | 259 |
| &nbsp;&nbsp;&nbsp; 1708783288, 20.253%, 6/06/2024 †x¥#^ | Stripe | 12/12/2022 | 878 | 914 | 44 |
| &nbsp;&nbsp;&nbsp; 171312169, 10.667%, 8/17/2024 †x¥#^ | Stripe | 12/22/2022 | 19330 | 20103 | 967 |
| &nbsp;&nbsp;&nbsp; 1713180226, 26.533%, 6/16/2026 †x¥# | Stripe | 12/19/2024 | 6111 | 6355 | 1172 |
| &nbsp;&nbsp;&nbsp; 1714964578, 22.762%, 8/16/2025 †x¥#^ | Stripe | 2/22/2024 | 1125 | 1170 | 56 |
| &nbsp;&nbsp;&nbsp; 1716685375, 12.800%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 6989 | 7268 | 7348 |
| &nbsp;&nbsp;&nbsp; 1717943207, 22.797%, 7/26/2024 †x¥#^ | Stripe | 1/31/2023 | 7826 | 8139 | 391 |
| &nbsp;&nbsp;&nbsp; 1719819764, 22.532%, 6/27/2023 †x¥#^ | Stripe | 12/30/2021 | 13907 | 14464 | 695 |
| &nbsp;&nbsp;&nbsp; 1721201087, 20.127%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 3374 | 3508 | 169 |
| &nbsp;&nbsp;&nbsp; 1725927952, 18.248%, 1/31/2024 †x¥#^ | Stripe | 12/31/2021 | 189 | 196 | 9 |
| &nbsp;&nbsp;&nbsp; 1728039326, 24.931%, 4/01/2025 †x¥#^ | Stripe | 10/05/2023 | 8366 | 8700 | 418 |
| &nbsp;&nbsp;&nbsp; 1728751161, 24.667%, 1/28/2026 †x¥#^ | Stripe | 8/02/2024 | 1085 | 1129 | 54 |
| &nbsp;&nbsp;&nbsp; 1729120, 6.517%, 10/03/2020 †x¶#^ | Square | 4/05/2019 | 1875 | 1708 | 139 |
| &nbsp;&nbsp;&nbsp; 1729806691, 18.000%, 2/10/2027 †x¥ | Stripe | 8/15/2025 | 2645 | 2750 | 2814 |
| &nbsp;&nbsp;&nbsp; 1731568961, 16.261%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 1739 | 1808 | 1830 |
| &nbsp;&nbsp;&nbsp; 1731879217, 18.083%, 11/06/2024 †x¥#^ | Stripe | 5/12/2023 | 133 | 138 | 7 |
| &nbsp;&nbsp;&nbsp; 1735915, 4.603%, 10/05/2020 †x¶#^ | Square | 4/09/2019 | 236 | 220 | 17 |
| &nbsp;&nbsp;&nbsp; 1738514204, 20.500%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 236 | 246 | 12 |
| &nbsp;&nbsp;&nbsp; 1739873, 3.810%, 10/07/2020 †x¶#^ | Square | 4/04/2022 | 270 | 255 | 20 |
| &nbsp;&nbsp;&nbsp; 1739965879, 22.256%, 3/28/2024 †x¥#^ | Stripe | 3/02/2022 | 3270 | 3401 | 164 |
| &nbsp;&nbsp;&nbsp; 1745687602, 20.133%, 8/20/2024 †x¥#^ | Stripe | 7/20/2022 | 1371 | 1425 | 69 |
| &nbsp;&nbsp;&nbsp; 174e3dfa-9684-4006-b2a9-e11083aad350, 12.690%, 10/13/2022 †x#^ | Funding Circle | 10/16/2017 | 64155 | 64155 | 19247 |
| &nbsp;&nbsp;&nbsp; 1752083427, 14.000%, 3/29/2025 †x¥#^ | Stripe | 10/04/2023 | 13563 | 14105 | 678 |
| &nbsp;&nbsp;&nbsp; 17538018, 25.588%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 6284 | 6599 | 6610 |
| &nbsp;&nbsp;&nbsp; 1753974692, 19.193%, 8/17/2023 †x¥#^ | Stripe | 2/22/2022 | 1214 | 1263 | 61 |
| &nbsp;&nbsp;&nbsp; 1755410444, 26.531%, 10/17/2024 †x¥#^ | Stripe | 4/24/2023 | 35818 | 37251 | 1791 |
| &nbsp;&nbsp;&nbsp; 1755903605, 20.398%, 1/26/2027 †x¥ | Stripe | 7/31/2025 | 15476 | 16095 | 8693 |
| &nbsp;&nbsp;&nbsp; 1759624714, 20.784%, 4/18/2026 †x¥ | Stripe | 8/22/2024 | 205 | 213 | 117 |
| &nbsp;&nbsp;&nbsp; 1760518, 5.079%, 10/16/2020 †x¶#^ | Square | 4/18/2019 | 1917 | 1781 | 142 |
| &nbsp;&nbsp;&nbsp; 1760745, 5.714%, 10/16/2020 †x¶#^ | Square | 4/18/2019 | 8232 | 7582 | 609 |
| &nbsp;&nbsp;&nbsp; 1761625256, 18.133%, 1/30/2027 †x¥ | Stripe | 8/06/2025 | 6355 | 6610 | 6733 |
| &nbsp;&nbsp;&nbsp; 1764334389, 26.528%, 12/28/2024 †x¥#^ | Stripe | 7/06/2023 | 3016 | 3136 | 151 |
| &nbsp;&nbsp;&nbsp; 1765341916, 25.200%, 10/09/2025 †x¥#^ | Stripe | 4/15/2024 | 268 | 279 | 13 |
| &nbsp;&nbsp;&nbsp; 1766150169, 21.461%, 12/02/2023 †x¥#^ | Stripe | 6/08/2022 | 172 | 179 | 9 |
| &nbsp;&nbsp;&nbsp; 1766554656, 15.866%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 59389 | 61765 | 2969 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6118** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1766929, 5.184%, 10/17/2020 †x¶#^ | Square | 4/19/2019 | $1736 | $1611 | $128 |
| &nbsp;&nbsp;&nbsp; 1769872767, 18.133%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 4559 | 4742 | 4828 |
| &nbsp;&nbsp;&nbsp; 1770100519, 18.133%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 3170 | 3297 | 3333 |
| &nbsp;&nbsp;&nbsp; 1770505, 5.876%, 10/18/2020 †x¶#^ | Square | 4/22/2019 | 630 | 579 | 47 |
| &nbsp;&nbsp;&nbsp; 1771133773, 14.000%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 7123 | 7479 | 7493 |
| &nbsp;&nbsp;&nbsp; 1776336158, 19.582%, 6/15/2024 †x¥#^ | Stripe | 12/21/2022 | 1352 | 1406 | 68 |
| &nbsp;&nbsp;&nbsp; 1780742589, 26.523%, 1/07/2026 †x¥#^ | Stripe | 7/12/2024 | 2744 | 2854 | 137 |
| &nbsp;&nbsp;&nbsp; 1781730382, 18.244%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 3689 | 3873 | 3877 |
| &nbsp;&nbsp;&nbsp; 1782037892, 20.262%, 8/31/2024 †x¥#^ | Stripe | 3/08/2023 | 14117 | 14682 | 706 |
| &nbsp;&nbsp;&nbsp; 1784868881, 19.289%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 730 | 759 | 771 |
| &nbsp;&nbsp;&nbsp; 1786890577, 14.265%, 3/05/2026 †x¥# | Stripe | 9/09/2024 | 14091 | 14655 | 705 |
| &nbsp;&nbsp;&nbsp; 1786909625, 21.461%, 9/16/2025 †x¥#^ | Stripe | 3/21/2024 | 12283 | 12774 | 614 |
| &nbsp;&nbsp;&nbsp; 1787114873, 24.385%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 74 | 77 | 4 |
| &nbsp;&nbsp;&nbsp; 1792112253, 21.594%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 14772 | 15363 | 739 |
| &nbsp;&nbsp;&nbsp; 1793675164, 19.721%, 5/07/2025 †x¥#^ | Stripe | 11/10/2023 | 6128 | 6326 | 306 |
| &nbsp;&nbsp;&nbsp; 1794047140, 18.000%, 2/05/2027 †x¥ | Stripe | 8/12/2025 | 15947 | 16585 | 16796 |
| &nbsp;&nbsp;&nbsp; 1796751390, 26.493%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 1528 | 1605 | 1616 |
| &nbsp;&nbsp;&nbsp; 1796824165, 26.087%, 6/03/2026 †x¥# | Stripe | 12/06/2024 | 574 | 597 | 29 |
| &nbsp;&nbsp;&nbsp; 179707734, 16.267%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 5260 | 5471 | 5528 |
| &nbsp;&nbsp;&nbsp; 1798920847, 26.130%, 8/07/2026 †x¥ | Stripe | 2/11/2025 | 2095 | 2179 | 2240 |
| &nbsp;&nbsp;&nbsp; 1799622277, 18.526%, 4/10/2025 †x¥#^ | Stripe | 10/16/2023 | 4997 | 5197 | 250 |
| &nbsp;&nbsp;&nbsp; 1805060082, 25.333%, 6/28/2024 †x¥#^ | Stripe | 1/04/2023 | 529 | 550 | 26 |
| &nbsp;&nbsp;&nbsp; 1806569168, 22.266%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 121207 | 127267 | 127707 |
| &nbsp;&nbsp;&nbsp; 1807389462, 19.599%, 7/24/2024 †x¥#^ | Stripe | 1/27/2023 | 7016 | 7296 | 351 |
| &nbsp;&nbsp;&nbsp; 180776418, 19.725%, 7/09/2024 †x¥#^ | Stripe | 1/12/2023 | 3296 | 3427 | 165 |
| &nbsp;&nbsp;&nbsp; 1809047074, 25.589%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 6676 | 7010 | 7062 |
| &nbsp;&nbsp;&nbsp; 1809430802, 21.176%, 10/21/2025 †x¥#^ | Stripe | 4/25/2024 | 1511 | 1572 | 76 |
| &nbsp;&nbsp;&nbsp; 180bc08b-2384-4162-9f69-f3e5aedfec97, 18.900%, 3/30/2023 †x#^ | Funding Circle | 4/02/2018 | 59585 | 59585 | 17876 |
| &nbsp;&nbsp;&nbsp; 1812132193, 21.333%, 4/06/2024 †x¥#^ | Stripe | 10/13/2022 | 614 | 639 | 31 |
| &nbsp;&nbsp;&nbsp; 1817382144, 21.333%, 8/09/2025 †x¥#^ | Stripe | 2/14/2024 | 389 | 404 | 19 |
| &nbsp;&nbsp;&nbsp; 1818481421, 21.596%, 11/05/2024 †x¥#^ | Stripe | 5/11/2023 | 7177 | 7464 | 359 |
| &nbsp;&nbsp;&nbsp; 1824472, 22.256%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 2079 | 2183 | 2196 |
| &nbsp;&nbsp;&nbsp; 1826269598, 22.267%, 5/01/2024 †x¥#^ | Stripe | 11/04/2022 | 14136 | 14701 | 707 |
| &nbsp;&nbsp;&nbsp; 1827031433, 12.799%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 39580 | 41559 | 41665 |
| &nbsp;&nbsp;&nbsp; 1828738168, 13.067%, 10/13/2026 †x¥ | Stripe | 4/17/2025 | 18065 | 18788 | 19071 |
| &nbsp;&nbsp;&nbsp; 1829268972, 18.133%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 98000 | 102900 | 102900 |
| &nbsp;&nbsp;&nbsp; 1831156122, 21.067%, 7/24/2024 †x¥#^ | Stripe | 1/27/2023 | 15000 | 15600 | 750 |
| &nbsp;&nbsp;&nbsp; 1831418292, 26.115%, 6/17/2026 †x¥ | Stripe | 12/20/2024 | 644 | 670 | 694 |
| &nbsp;&nbsp;&nbsp; 1833853605, 20.769%, 12/28/2024 †x¥#^ | Stripe | 7/06/2023 | 1923 | 2000 | 96 |
| &nbsp;&nbsp;&nbsp; 1835152612, 21.195%, 11/19/2024 †x¥#^ | Stripe | 5/25/2023 | 15608 | 16232 | 780 |
| &nbsp;&nbsp;&nbsp; 183893985, 20.667%, 12/18/2024 †x¥#^ | Stripe | 10/20/2022 | 13215 | 13744 | 661 |
| &nbsp;&nbsp;&nbsp; 184122764, 25.586%, 12/03/2026 †x¥# | Stripe | 6/09/2025 | 7321 | 7613 | 366 |
| &nbsp;&nbsp;&nbsp; 1841950098, 13.999%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 82947 | 87094 | 87147 |
| &nbsp;&nbsp;&nbsp; 1842367, 5.079%, 11/17/2020 †x¶#^ | Square | 5/21/2019 | 1759 | 1634 | 130 |
| &nbsp;&nbsp;&nbsp; 1847851661, 19.333%, 10/18/2026 †x¥# | Stripe | 1/03/2025 | 16543 | 17205 | 17585 |
| &nbsp;&nbsp;&nbsp; 1851084, 7.304%, 11/21/2020 †x¶#^ | Square | 5/23/2019 | 9663 | 8709 | 715 |
| &nbsp;&nbsp;&nbsp; 1851532163, 21.198%, 1/24/2026 †x¥#^ | Stripe | 7/31/2024 | 28014 | 29135 | 1401 |
| &nbsp;&nbsp;&nbsp; 1853857120, 14.000%, 12/23/2026 †x¥ | Stripe | 6/27/2025 | 29102 | 30266 | 30660 |
| &nbsp;&nbsp;&nbsp; 1857170261, 20.381%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 3557 | 3735 | 3743 |
| &nbsp;&nbsp;&nbsp; 1857286446, 26.133%, 10/01/2026 †x¥# | Stripe | 4/07/2025 | 462 | 481 | 130 |
| &nbsp;&nbsp;&nbsp; 1863787339, 19.590%, 6/11/2024 †x¥#^ | Stripe | 12/15/2022 | 4912 | 5108 | 246 |
| &nbsp;&nbsp;&nbsp; 1867293047, 25.053%, 4/16/2024 †x¥#^ | Stripe | 10/20/2022 | 1439 | 1497 | 72 |
| &nbsp;&nbsp;&nbsp; 1867497243, 26.524%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | 1528 | 1589 | 1607 |
| &nbsp;&nbsp;&nbsp; 1870414828, 20.923%, 1/29/2026 †x¥#^ | Stripe | 11/15/2023 | 431 | 448 | 22 |
| &nbsp;&nbsp;&nbsp; 1875214462, 26.533%, 7/18/2026 †x¥ | Stripe | 1/23/2025 | 307 | 319 | 327 |
| &nbsp;&nbsp;&nbsp; 1875761495, 24.933%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 8000 | 8400 | 8400 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6119** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1879557921, 14.667%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | $61934 | $65031 | $65283 |
| &nbsp;&nbsp;&nbsp; 1885321902, 25.598%, 2/04/2027 †x¥ | Stripe | 8/11/2025 | 29396 | 30572 | 31055 |
| &nbsp;&nbsp;&nbsp; 1885659243, 26.424%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 356 | 371 | 18 |
| &nbsp;&nbsp;&nbsp; 1887110178, 26.512%, 1/17/2026 †x¥#^ | Stripe | 7/24/2024 | 4300 | 4472 | 215 |
| &nbsp;&nbsp;&nbsp; 1887502401, 26.533%, 1/15/2027 †x¥ | Stripe | 7/22/2025 | 1003 | 1043 | 1056 |
| &nbsp;&nbsp;&nbsp; 1887642641, 25.965%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 1900 | 1995 | 1995 |
| &nbsp;&nbsp;&nbsp; 1893865741, 13.067%, 10/31/2026 †x¥ | Stripe | 5/07/2025 | 7189 | 7476 | 7565 |
| &nbsp;&nbsp;&nbsp; 1897529505, 26.493%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 2108 | 2214 | 2217 |
| &nbsp;&nbsp;&nbsp; 1898058374, 19.464%, 10/03/2024 †x¥#^ | Stripe | 4/10/2023 | 8156 | 8482 | 408 |
| &nbsp;&nbsp;&nbsp; 1901854897, 21.067%, 1/23/2024 †x¥#^ | Stripe | 7/28/2022 | 11402 | 11858 | 570 |
| &nbsp;&nbsp;&nbsp; 19036878, 26.519%, 7/02/2025 †x¥#^ | Stripe | 1/05/2024 | 1539 | 1600 | 77 |
| &nbsp;&nbsp;&nbsp; 1907575883, 23.062%, 7/17/2024 †x¥#^ | Stripe | 1/20/2023 | 4856 | 5050 | 243 |
| &nbsp;&nbsp;&nbsp; 1909745169, 20.667%, 9/20/2024 †x¥#^ | Stripe | 3/28/2023 | 7899 | 8215 | 395 |
| &nbsp;&nbsp;&nbsp; 1909830, 5.714%, 12/13/2020 †x¶#^ | Square | 6/17/2019 | 1648 | 1518 | 122 |
| &nbsp;&nbsp;&nbsp; 1910742212, 24.000%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 428 | 445 | 21 |
| &nbsp;&nbsp;&nbsp; 1912843375, 15.058%, 6/15/2026 †x¥# | Stripe | 3/27/2024 | 6834 | 7107 | 342 |
| &nbsp;&nbsp;&nbsp; 1917878620, 18.933%, 3/14/2026 †x¥# | Stripe | 4/09/2024 | 1751 | 1821 | 88 |
| &nbsp;&nbsp;&nbsp; 1918829335, 15.333%, 2/23/2023 †x¥#^ | Stripe | 8/30/2021 | 37322 | 38815 | 1866 |
| &nbsp;&nbsp;&nbsp; 1919257723, 20.266%, 1/05/2024 †x¥#^ | Stripe | 7/12/2022 | 21951 | 22829 | 1098 |
| &nbsp;&nbsp;&nbsp; 1921411, 7.308%, 12/17/2020 †x¶#^ | Square | 6/19/2019 | 2421 | 2182 | 179 |
| &nbsp;&nbsp;&nbsp; 1925153824, 18.533%, 7/20/2024 †x¥#^ | Stripe | 11/25/2022 | 73323 | 76256 | 3666 |
| &nbsp;&nbsp;&nbsp; 1925691988, 21.600%, 5/21/2025 †x¥#^ | Stripe | 11/27/2023 | 7133 | 7418 | 357 |
| &nbsp;&nbsp;&nbsp; 1927463, 6.818%, 12/19/2020 †x¶#^ | Square | 6/21/2019 | 344 | 312 | 25 |
| &nbsp;&nbsp;&nbsp; 19304073, 20.103%, 11/14/2024 †x¥#^ | Stripe | 5/22/2023 | 129 | 134 | 6 |
| &nbsp;&nbsp;&nbsp; 1932432772, 23.067%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 722 | 751 | 36 |
| &nbsp;&nbsp;&nbsp; 1937316886, 18.933%, 2/03/2024 †x¥#^ | Stripe | 6/09/2022 | 39806 | 41398 | 1990 |
| &nbsp;&nbsp;&nbsp; 1938481845, 20.257%, 5/03/2024 †x¥#^ | Stripe | 11/08/2022 | 4314 | 4486 | 216 |
| &nbsp;&nbsp;&nbsp; 1939969657, 16.533%, 12/25/2024 †x¥#^ | Stripe | 6/30/2023 | 30387 | 31602 | 1519 |
| &nbsp;&nbsp;&nbsp; 1945639343, 23.858%, 10/21/2023 †x¥#^ | Stripe | 4/27/2022 | 2090 | 2173 | 104 |
| &nbsp;&nbsp;&nbsp; 1946261768, 26.123%, 5/30/2026 †x¥# | Stripe | 12/04/2024 | 1936 | 2013 | 544 |
| &nbsp;&nbsp;&nbsp; 1947464227, 26.519%, 3/12/2026 †x¥# | Stripe | 9/16/2024 | 657 | 684 | 128 |
| &nbsp;&nbsp;&nbsp; 1950003868, 25.867%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 470 | 489 | 502 |
| &nbsp;&nbsp;&nbsp; 1952637527, 18.788%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 1492 | 1551 | 75 |
| &nbsp;&nbsp;&nbsp; 1953892427, 14.654%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 5953 | 6250 | 6265 |
| &nbsp;&nbsp;&nbsp; 1955049086, 26.523%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 3600 | 3744 | 3800 |
| &nbsp;&nbsp;&nbsp; 1955360925, 19.733%, 10/24/2024 †x¥#^ | Stripe | 5/01/2023 | 22539 | 23440 | 1127 |
| &nbsp;&nbsp;&nbsp; 1955877, 5.079%, 1/01/2021 †x¶#^ | Square | 7/03/2019 | 1431 | 1330 | 106 |
| &nbsp;&nbsp;&nbsp; 1957032925, 14.663%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 14365 | 15083 | 15093 |
| &nbsp;&nbsp;&nbsp; 1957048, 4.607%, 1/01/2021 †x¶#^ | Square | 7/03/2019 | 5610 | 5247 | 415 |
| &nbsp;&nbsp;&nbsp; 1958853752, 26.523%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 3089 | 3244 | 3254 |
| &nbsp;&nbsp;&nbsp; 1966909339, 15.333%, 11/07/2025 †x¥#^ | Stripe | 5/14/2024 | 53588 | 55732 | 2679 |
| &nbsp;&nbsp;&nbsp; 1968717, 5.079%, 1/05/2021 †x¶#^ | Square | 7/09/2019 | 6623 | 6155 | 490 |
| &nbsp;&nbsp;&nbsp; 1975856, 4.601%, 1/09/2021 †x¶#^ | Square | 7/11/2019 | 487 | 456 | 36 |
| &nbsp;&nbsp;&nbsp; 1976418010, 25.586%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 3448 | 3621 | 3627 |
| &nbsp;&nbsp;&nbsp; 1977908657, 16.667%, 2/04/2023 †x¥#^ | Stripe | 8/11/2021 | 1567 | 1629 | 78 |
| &nbsp;&nbsp;&nbsp; 1980131, 3.492%, 1/10/2021 †x¶#^ | Square | 7/12/2019 | 2614 | 2484 | 193 |
| &nbsp;&nbsp;&nbsp; 1982393605, 26.132%, 5/01/2026 †x¥# | Stripe | 11/05/2024 | 7473 | 7772 | 1429 |
| &nbsp;&nbsp;&nbsp; 1982936, 4.610%, 1/11/2021 †x¶#^ | Square | 7/15/2019 | 1886 | 1764 | 140 |
| &nbsp;&nbsp;&nbsp; 1986453, 5.714%, 1/11/2021 †x¶#^ | Square | 7/15/2019 | 5387 | 4962 | 399 |
| &nbsp;&nbsp;&nbsp; 1988610659, 19.333%, 8/26/2026 †x¥# | Stripe | 2/28/2025 | 15266 | 15877 | 2819 |
| &nbsp;&nbsp;&nbsp; 1989485126, 22.248%, 4/05/2024 †x¥#^ | Stripe | 10/12/2022 | 1446 | 1504 | 72 |
| &nbsp;&nbsp;&nbsp; 1996254252, 26.515%, 2/10/2026 †x¥#^ | Stripe | 11/07/2023 | 316 | 329 | 16 |
| &nbsp;&nbsp;&nbsp; 1996785304, 23.467%, 5/22/2024 †x¥#^ | Stripe | 11/28/2022 | 9693 | 10081 | 485 |
| &nbsp;&nbsp;&nbsp; 1996988551, 25.858%, 7/30/2026 †x¥# | Stripe | 2/03/2025 | 9894 | 10290 | 495 |
| &nbsp;&nbsp;&nbsp; 1997779328, 18.000%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 2779 | 2890 | 2933 |
| &nbsp;&nbsp;&nbsp; 1999591545, 26.533%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 663 | 690 | 388 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6120** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 1999876906, 24.933%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | $1869 | $1962 | $1964 |
| &nbsp;&nbsp;&nbsp; 19bcb0d4-0357-4c4d-bc0f-40ede9ee0715, 26.990%, 1/24/2023 †x#^ | Funding Circle | 1/26/2018 | 39794 | 39794 | 11938 |
| &nbsp;&nbsp;&nbsp; 1b31d419-4a53-40a8-a956-c5f725a69bff, 10.490%, 11/07/2019 †x#^ | Funding Circle | 8/08/2018 | 38927 | 38927 | 11678 |
| &nbsp;&nbsp;&nbsp; 1b8fc6f9-12d2-4ecb-bc06-69bb87768e7a, 10.490%, 8/07/2023 †x#^ | Funding Circle | 2/09/2018 | 33158 | 33158 | 9947 |
| &nbsp;&nbsp;&nbsp; 1c8986d9-ae3c-4c03-ab63-289372bc2dad, 10.490%, 1/02/2024 †x#^ | Funding Circle | 7/05/2018 | 5660 | 6660 | 1698 |
| &nbsp;&nbsp;&nbsp; 1e2137b3-bdde-4980-a703-423ddbbe8aec, 16.090%, 10/08/2019 †x#^ | Funding Circle | 3/09/2017 | 59948 | 59948 | 17984 |
| &nbsp;&nbsp;&nbsp; 1ec2c8b8-1e2c-4d0b-894e-f987b38b0028, 16.090%, 8/28/2022 †x#^ | Funding Circle | 3/02/2017 | 56603 | 56603 | 16981 |
| &nbsp;&nbsp;&nbsp; 2000842644, 19.588%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 7905 | 8300 | 8300 |
| &nbsp;&nbsp;&nbsp; 2002979897, 18.933%, 6/14/2024 †x¥#^ | Stripe | 12/20/2022 | 694 | 722 | 35 |
| &nbsp;&nbsp;&nbsp; 2003440621, 20.000%, 9/15/2026 †x¥ | Stripe | 3/20/2025 | 1247 | 1297 | 1325 |
| &nbsp;&nbsp;&nbsp; 2008318024, 20.513%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | 1237 | 1286 | 62 |
| &nbsp;&nbsp;&nbsp; 2010173108, 25.333%, 8/31/2024 †x¥#^ | Stripe | 3/08/2023 | 5152 | 5358 | 258 |
| &nbsp;&nbsp;&nbsp; 201044702, 20.905%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 775 | 806 | 39 |
| &nbsp;&nbsp;&nbsp; 2014497, 5.189%, 1/23/2021 †x¶#^ | Square | 7/25/2019 | 7365 | 6833 | 545 |
| &nbsp;&nbsp;&nbsp; 2016221, 5.031%, 1/24/2021 †x¶#^ | Square | 7/26/2019 | 2244 | 2086 | 166 |
| &nbsp;&nbsp;&nbsp; 2016835951, 17.992%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 3532 | 3673 | 3741 |
| &nbsp;&nbsp;&nbsp; 2019370272, 22.333%, 10/18/2026 †x¥# | Stripe | 2/13/2025 | 530 | 551 | 147 |
| &nbsp;&nbsp;&nbsp; 2019890437, 16.255%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 5693 | 5978 | 5995 |
| &nbsp;&nbsp;&nbsp; 2021469, 3.941%, 1/25/2021 †x¶#^ | Square | 7/29/2019 | 912 | 861 | 68 |
| &nbsp;&nbsp;&nbsp; 2022292, 7.302%, 1/25/2021 †x¶#^ | Square | 7/29/2019 | 383 | 345 | 28 |
| &nbsp;&nbsp;&nbsp; 2022848216, 26.533%, 7/30/2026 †x¥ | Stripe | 2/03/2025 | 937 | 974 | 1014 |
| &nbsp;&nbsp;&nbsp; 2023040610, 22.387%, 5/08/2026 †x¥# | Stripe | 11/13/2024 | 5041 | 5243 | 252 |
| &nbsp;&nbsp;&nbsp; 2025132243, 26.507%, 2/19/2026 †x¥#^ | Stripe | 8/26/2024 | 190 | 197 | 37 |
| &nbsp;&nbsp;&nbsp; 2027116, 2.830%, 1/28/2021 †x¶#^ | Square | 7/31/2019 | 689 | 661 | 51 |
| &nbsp;&nbsp;&nbsp; 2029314425, 24.000%, 9/22/2023 †x¥#^ | Stripe | 3/29/2022 | 18354 | 19088 | 918 |
| &nbsp;&nbsp;&nbsp; 2029445, 3.810%, 1/29/2021 †x¶#^ | Square | 7/31/2019 | 311 | 294 | 23 |
| &nbsp;&nbsp;&nbsp; 2033874, 5.869%, 1/30/2021 †x¶#^ | Square | 8/01/2019 | 270 | 252 | 20 |
| &nbsp;&nbsp;&nbsp; 2033892973, 20.917%, 4/08/2026 †x¥# | Stripe | 10/11/2024 | 2000 | 2080 | 378 |
| &nbsp;&nbsp;&nbsp; 2033918, 3.492%, 1/30/2021 †x¶#^ | Square | 8/01/2019 | 885 | 841 | 65 |
| &nbsp;&nbsp;&nbsp; 2038400954, 20.399%, 3/13/2027 †x¥ | Stripe | 9/17/2025 | 7162 | 7449 | 7539 |
| &nbsp;&nbsp;&nbsp; 2038659093, 26.124%, 8/12/2026 †x¥ | Stripe | 2/14/2025 | 2817 | 2930 | 1642 |
| &nbsp;&nbsp;&nbsp; 2042146, 3.810%, 2/01/2021 †x¶#^ | Square | 8/05/2019 | 1016 | 961 | 75 |
| &nbsp;&nbsp;&nbsp; 2047503143, 16.133%, 7/09/2026 †x¥# | Stripe | 1/13/2025 | 25449 | 26467 | 9984 |
| &nbsp;&nbsp;&nbsp; 2048554, 4.607%, 2/05/2021 †x¶#^ | Square | 8/07/2019 | 916 | 857 | 68 |
| &nbsp;&nbsp;&nbsp; 205204734, 20.000%, 2/13/2024 †x¥#^ | Stripe | 8/18/2022 | 3680 | 3827 | 184 |
| &nbsp;&nbsp;&nbsp; 2052918283, 20.778%, 9/05/2026 †x¥# | Stripe | 3/12/2025 | 2351 | 2445 | 433 |
| &nbsp;&nbsp;&nbsp; 2054859460, 21.193%, 5/14/2026 †x¥# | Stripe | 11/18/2024 | 396 | 412 | 76 |
| &nbsp;&nbsp;&nbsp; 2056207137, 21.733%, 11/28/2025 †x¥#^ | Stripe | 10/05/2023 | 502 | 522 | 25 |
| &nbsp;&nbsp;&nbsp; 2057224803, 20.000%, 6/04/2024 †x¥#^ | Stripe | 10/12/2022 | 1648 | 1714 | 82 |
| &nbsp;&nbsp;&nbsp; 2058964, 6.825%, 2/07/2021 †x¶#^ | Square | 12/06/2023 | 926 | 840 | 68 |
| &nbsp;&nbsp;&nbsp; 2062256103, 22.909%, 8/28/2024 †x¥#^ | Stripe | 3/03/2023 | 2506 | 2606 | 125 |
| &nbsp;&nbsp;&nbsp; 2062765054, 26.533%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 862 | 906 | 908 |
| &nbsp;&nbsp;&nbsp; 2063311915, 26.519%, 10/31/2024 †x¥#^ | Stripe | 5/08/2023 | 2492 | 2592 | 125 |
| &nbsp;&nbsp;&nbsp; 206385608, 21.066%, 4/02/2024 †x¥#^ | Stripe | 10/06/2022 | 54832 | 57025 | 2742 |
| &nbsp;&nbsp;&nbsp; 2065529, 3.810%, 2/09/2021 †x¶#^ | Square | 8/13/2019 | 3750 | 3547 | 277 |
| &nbsp;&nbsp;&nbsp; 2066637273, 18.000%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 25708 | 26994 | 27051 |
| &nbsp;&nbsp;&nbsp; 2067490057, 19.733%, 5/08/2024 †x¥#^ | Stripe | 11/14/2022 | 2442 | 2539 | 122 |
| &nbsp;&nbsp;&nbsp; 2070378173, 25.333%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 1173 | 1220 | 59 |
| &nbsp;&nbsp;&nbsp; 2071024, 5.884%, 2/12/2021 †x¶#^ | Square | 8/14/2019 | 65 | 60 | 5 |
| &nbsp;&nbsp;&nbsp; 2071332846, 26.129%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 2076 | 2159 | 588 |
| &nbsp;&nbsp;&nbsp; 2074408042, 21.707%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 1380 | 1436 | 69 |
| &nbsp;&nbsp;&nbsp; 2077038557, 22.533%, 4/19/2023 †x¥#^ | Stripe | 10/22/2021 | 3024 | 3145 | 151 |
| &nbsp;&nbsp;&nbsp; 2077430604, 26.533%, 3/27/2026 †x¥# | Stripe | 10/01/2024 | 11127 | 11572 | 556 |
| &nbsp;&nbsp;&nbsp; 2079711, 5.868%, 2/13/2021 †x¶#^ | Square | 8/15/2019 | 373 | 343 | 28 |
| &nbsp;&nbsp;&nbsp; 208048956, 24.917%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 3957 | 4154 | 4215 |
| &nbsp;&nbsp;&nbsp; 2081366897, 26.000%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 841 | 883 | 887 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6121** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2082431631, 19.867%, 1/17/2025 †x¥#^ | Stripe | 7/25/2023 | $5869 | $6104 | $293 |
| &nbsp;&nbsp;&nbsp; 2083959250, 26.121%, 7/24/2026 †x¥ | Stripe | 1/28/2025 | 474 | 493 | 508 |
| &nbsp;&nbsp;&nbsp; 2085122549, 25.143%, 9/11/2025 †x¥#^ | Stripe | 3/18/2024 | 968 | 1007 | 48 |
| &nbsp;&nbsp;&nbsp; 2086097395, 25.583%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 1492 | 1566 | 1569 |
| &nbsp;&nbsp;&nbsp; 2086467305, 15.200%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 5282 | 5493 | 5582 |
| &nbsp;&nbsp;&nbsp; 2087688840, 20.933%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 18270 | 19001 | 3443 |
| &nbsp;&nbsp;&nbsp; 2090924149, 26.533%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 22353 | 23471 | 23482 |
| &nbsp;&nbsp;&nbsp; 2091200, 5.031%, 2/16/2021 †x¶#^ | Square | 8/20/2019 | 2240 | 2083 | 166 |
| &nbsp;&nbsp;&nbsp; 2091280, 3.932%, 2/16/2021 †x¶#^ | Square | 8/20/2019 | 5475 | 5173 | 405 |
| &nbsp;&nbsp;&nbsp; 2094144732, 18.000%, 3/03/2027 †x¥ | Stripe | 9/05/2025 | 4869 | 5064 | 5158 |
| &nbsp;&nbsp;&nbsp; 2094616641, 22.263%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 3068 | 3222 | 3225 |
| &nbsp;&nbsp;&nbsp; 209474987, 25.599%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 14117 | 14823 | 14945 |
| &nbsp;&nbsp;&nbsp; 2096102, 6.520%, 2/20/2021 †x¶#^ | Square | 8/22/2019 | 480 | 437 | 36 |
| &nbsp;&nbsp;&nbsp; 2096158, 7.337%, 2/20/2021 †x¶#^ | Square | 8/22/2019 | 304 | 275 | 23 |
| &nbsp;&nbsp;&nbsp; 2099966226, 21.598%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 29770 | 30961 | 1488 |
| &nbsp;&nbsp;&nbsp; 20fafdff-c6d8-4b99-a268-47e09fc661b2, 10.490%, 5/24/2019 †x#^ | Funding Circle | 10/19/2017 | 63089 | 63089 | 18927 |
| &nbsp;&nbsp;&nbsp; 2100259, 4.406%, 2/21/2021 †x¶#^ | Square | 8/23/2019 | 1058 | 992 | 78 |
| &nbsp;&nbsp;&nbsp; 2100317, 5.031%, 2/21/2021 †x¶#^ | Square | 8/23/2019 | 776 | 721 | 57 |
| &nbsp;&nbsp;&nbsp; 2100902, 2.834%, 2/21/2021 †x¶#^ | Square | 8/23/2019 | 276 | 265 | 20 |
| &nbsp;&nbsp;&nbsp; 2101103124, 14.800%, 7/07/2026 †x¥ | Stripe | 1/09/2025 | 2478 | 2577 | 2604 |
| &nbsp;&nbsp;&nbsp; 2106779725, 26.133%, 7/03/2026 †x¥# | Stripe | 1/07/2025 | 15472 | 16091 | 774 |
| &nbsp;&nbsp;&nbsp; 2109571, 5.189%, 2/23/2021 †x¶#^ | Square | 8/27/2019 | 592 | 550 | 44 |
| &nbsp;&nbsp;&nbsp; 2109655593, 18.531%, 3/07/2024 †x¥#^ | Stripe | 9/12/2022 | 6125 | 6370 | 306 |
| &nbsp;&nbsp;&nbsp; 2110722729, 20.130%, 9/21/2024 †x¥#^ | Stripe | 3/29/2023 | 6620 | 6884 | 331 |
| &nbsp;&nbsp;&nbsp; 2110944, 6.139%, 2/25/2021 †x¶#^ | Square | 8/28/2019 | 250 | 229 | 18 |
| &nbsp;&nbsp;&nbsp; 2111907, 3.931%, 2/26/2021 †x¶#^ | Square | 8/28/2019 | 12 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; 2114378, 5.185%, 2/26/2021 †x¶#^ | Square | 8/28/2019 | 413 | 383 | 31 |
| &nbsp;&nbsp;&nbsp; 2115928222, 26.533%, 1/15/2026 †x¥#^ | Stripe | 7/22/2024 | 485 | 505 | 24 |
| &nbsp;&nbsp;&nbsp; 2116288016, 17.846%, 10/16/2026 †x¥ | Stripe | 4/22/2025 | 938 | 975 | 989 |
| &nbsp;&nbsp;&nbsp; 2116339438, 25.066%, 6/18/2025 †x¥#^ | Stripe | 12/22/2023 | 91049 | 94691 | 4552 |
| &nbsp;&nbsp;&nbsp; 2117604780, 17.728%, 9/14/2026 †x¥# | Stripe | 8/08/2024 | 853 | 887 | 158 |
| &nbsp;&nbsp;&nbsp; 2119440913, 25.867%, 10/21/2026 †x¥ | Stripe | 4/25/2025 | 41 | 42 | 44 |
| &nbsp;&nbsp;&nbsp; 2119855665, 25.810%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 279 | 290 | 300 |
| &nbsp;&nbsp;&nbsp; 2121599930, 25.667%, 2/14/2026 †x¥#^ | Stripe | 8/21/2024 | 243 | 252 | 12 |
| &nbsp;&nbsp;&nbsp; 2121878530, 17.697%, 5/25/2025 †x¥#^ | Stripe | 9/29/2023 | 492 | 511 | 25 |
| &nbsp;&nbsp;&nbsp; 2122042754, 19.200%, 9/26/2024 †x¥#^ | Stripe | 4/03/2023 | 72062 | 74945 | 3603 |
| &nbsp;&nbsp;&nbsp; 2122358756, 26.524%, 2/10/2026 †x¥#^ | Stripe | 8/15/2024 | 1766 | 1836 | 88 |
| &nbsp;&nbsp;&nbsp; 2123130638, 24.000%, 3/08/2023 †x¥#^ | Stripe | 9/10/2021 | 4220 | 4388 | 211 |
| &nbsp;&nbsp;&nbsp; 2135299371, 25.066%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 50177 | 52184 | 2509 |
| &nbsp;&nbsp;&nbsp; 2136611, 4.605%, 3/03/2021 †x¶#^ | Square | 9/05/2019 | 5979 | 5593 | 442 |
| &nbsp;&nbsp;&nbsp; 2139515, 5.079%, 3/04/2021 †x¶#^ | Square | 9/06/2019 | 4086 | 3797 | 302 |
| &nbsp;&nbsp;&nbsp; 2142744061, 19.066%, 2/16/2024 †x¥#^ | Stripe | 8/23/2022 | 2110 | 2195 | 106 |
| &nbsp;&nbsp;&nbsp; 2144833507, 24.000%, 2/03/2023 †x¥#^ | Stripe | 8/10/2021 | 6553 | 6815 | 328 |
| &nbsp;&nbsp;&nbsp; 2145007, 4.603%, 3/05/2021 †x¶#^ | Square | 9/09/2019 | 1367 | 1279 | 101 |
| &nbsp;&nbsp;&nbsp; 2146283956, 21.600%, 10/04/2024 †x¥#^ | Stripe | 4/11/2023 | 35579 | 37002 | 1779 |
| &nbsp;&nbsp;&nbsp; 2148662, 4.603%, 3/06/2021 †x¶#^ | Square | 9/10/2019 | 257 | 241 | 19 |
| &nbsp;&nbsp;&nbsp; 2150236, 6.509%, 3/06/2021 †x¶#^ | Square | 9/10/2019 | 6493 | 5916 | 481 |
| &nbsp;&nbsp;&nbsp; 2150258, 6.510%, 3/06/2021 †x¶#^ | Square | 9/10/2019 | 4647 | 4234 | 344 |
| &nbsp;&nbsp;&nbsp; 2153888, 5.714%, 3/09/2021 †x¶#^ | Square | 9/11/2019 | 1217 | 1121 | 90 |
| &nbsp;&nbsp;&nbsp; 2156282658, 26.051%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 143 | 149 | 154 |
| &nbsp;&nbsp;&nbsp; 2156466091, 20.000%, 6/05/2024 †x¥#^ | Stripe | 12/09/2022 | 3442 | 3580 | 172 |
| &nbsp;&nbsp;&nbsp; 2156859807, 18.667%, 9/15/2026 †x¥ | Stripe | 3/20/2025 | 371 | 386 | 395 |
| &nbsp;&nbsp;&nbsp; 2157742, 6.508%, 3/10/2021 †x¶#^ | Square | 9/12/2019 | 10525 | 9588 | 779 |
| &nbsp;&nbsp;&nbsp; 2157917, 3.492%, 3/10/2021 †x¶#^ | Square | 9/12/2019 | 1667 | 1584 | 123 |
| &nbsp;&nbsp;&nbsp; 2160444223, 21.333%, 5/08/2024 †x¥#^ | Stripe | 11/14/2022 | 2197 | 2285 | 110 |
| &nbsp;&nbsp;&nbsp; 2162721292, 23.733%, 1/19/2026 †x¥#^ | Stripe | 5/28/2024 | 1300 | 1352 | 246 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6122** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2170164666, 20.000%, 3/20/2027 †x¥# | Stripe | 1/16/2025 | $4561 | $4743 | $4846 |
| &nbsp;&nbsp;&nbsp; 2170698, 5.179%, 3/14/2021 †x¶#^ | Square | 9/18/2019 | 1245 | 1155 | 92 |
| &nbsp;&nbsp;&nbsp; 2171981, 5.818%, 3/16/2021 †x¶#^ | Square | 9/18/2019 | 12306 | 11318 | 911 |
| &nbsp;&nbsp;&nbsp; 2172988289, 14.792%, 5/06/2025 †x¥#^ | Stripe | 1/26/2023 | 1818 | 1891 | 91 |
| &nbsp;&nbsp;&nbsp; 2173048, 5.822%, 3/16/2021 †x¶#^ | Square | 9/18/2019 | 474 | 436 | 35 |
| &nbsp;&nbsp;&nbsp; 2173581822, 18.261%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 15998 | 16798 | 16869 |
| &nbsp;&nbsp;&nbsp; 2173631, 6.131%, 3/16/2021 †x¶#^ | Square | 9/18/2019 | 3408 | 3121 | 252 |
| &nbsp;&nbsp;&nbsp; 2175739, 3.935%, 3/16/2021 †x¶#^ | Square | 9/18/2019 | 1395 | 1317 | 103 |
| &nbsp;&nbsp;&nbsp; 2176705, 3.926%, 3/17/2021 †x¶#^ | Square | 9/19/2019 | 1499 | 1415 | 111 |
| &nbsp;&nbsp;&nbsp; 2178718, 5.714%, 3/17/2021 †x¶#^ | Square | 9/19/2019 | 13876 | 12780 | 1027 |
| &nbsp;&nbsp;&nbsp; 2181529322, 20.400%, 6/06/2026 †x¥# | Stripe | 2/15/2024 | 28742 | 29891 | 1437 |
| &nbsp;&nbsp;&nbsp; 2181755, 5.714%, 3/18/2021 †x¶#^ | Square | 9/20/2019 | 3123 | 2876 | 231 |
| &nbsp;&nbsp;&nbsp; 2182539998, 20.395%, 10/02/2025 †x¥#^ | Stripe | 4/08/2024 | 6060 | 6302 | 303 |
| &nbsp;&nbsp;&nbsp; 2183262514, 19.581%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 3500 | 3675 | 3675 |
| &nbsp;&nbsp;&nbsp; 2186469091, 20.800%, 8/15/2026 †x¥ | Stripe | 2/20/2025 | 1660 | 1727 | 1763 |
| &nbsp;&nbsp;&nbsp; 2186501760, 20.384%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | 3065 | 3187 | 3231 |
| &nbsp;&nbsp;&nbsp; 2188652230, 22.797%, 10/26/2024 †x¥#^ | Stripe | 5/03/2023 | 12267 | 12758 | 613 |
| &nbsp;&nbsp;&nbsp; 2189420, 3.145%, 3/21/2021 †x¶#^ | Square | 9/25/2019 | 127 | 121 | 9 |
| &nbsp;&nbsp;&nbsp; 2192120, 5.031%, 3/23/2021 †x¶#^ | Square | 9/25/2019 | 670 | 623 | 50 |
| &nbsp;&nbsp;&nbsp; 2192324885, 19.467%, 4/02/2024 †x¥#^ | Stripe | 10/06/2022 | 2915 | 3032 | 146 |
| &nbsp;&nbsp;&nbsp; 2192464, 3.931%, 3/23/2021 †x¶#^ | Square | 9/25/2019 | 438 | 414 | 32 |
| &nbsp;&nbsp;&nbsp; 2192762, 3.932%, 3/23/2021 †x¶#^ | Square | 9/25/2019 | 4519 | 4267 | 334 |
| &nbsp;&nbsp;&nbsp; 2193168, 6.136%, 3/23/2021 †x¶#^ | Square | 9/25/2019 | 2474 | 2265 | 183 |
| &nbsp;&nbsp;&nbsp; 2194086, 6.127%, 3/23/2021 †x¶#^ | Square | 9/25/2019 | 610 | 559 | 45 |
| &nbsp;&nbsp;&nbsp; 2194111, 6.604%, 3/23/2021 †x¶#^ | Square | 9/25/2019 | 179 | 162 | 13 |
| &nbsp;&nbsp;&nbsp; 2194417, 6.615%, 3/23/2021 †x¶#^ | Square | 9/25/2019 | 238 | 217 | 18 |
| &nbsp;&nbsp;&nbsp; 2196130, 4.605%, 3/24/2021 †x¶#^ | Square | 9/26/2019 | 8320 | 7783 | 616 |
| &nbsp;&nbsp;&nbsp; 2199421331, 15.733%, 8/15/2023 †x¥#^ | Stripe | 2/17/2022 | 43438 | 45175 | 2172 |
| &nbsp;&nbsp;&nbsp; 2199561868, 26.444%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 383 | 398 | 405 |
| &nbsp;&nbsp;&nbsp; 2204125208, 14.667%, 10/20/2023 †x¥#^ | Stripe | 4/26/2022 | 57623 | 59927 | 2881 |
| &nbsp;&nbsp;&nbsp; 2207413, 4.607%, 3/27/2021 †x¶#^ | Square | 10/01/2019 | 1388 | 1298 | 103 |
| &nbsp;&nbsp;&nbsp; 2209130157, 26.489%, 1/05/2027 †x¥ | Stripe | 7/10/2025 | 333 | 346 | 353 |
| &nbsp;&nbsp;&nbsp; 2209820503, 16.000%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 12207 | 12817 | 12840 |
| &nbsp;&nbsp;&nbsp; 2209966455, 26.525%, 4/11/2025 †x¥#^ | Stripe | 10/17/2023 | 8610 | 8954 | 430 |
| &nbsp;&nbsp;&nbsp; 2212321, 5.079%, 3/30/2021 †x¶#^ | Square | 10/02/2019 | 907 | 843 | 67 |
| &nbsp;&nbsp;&nbsp; 2212525, 4.605%, 3/30/2021 †x¶#^ | Square | 10/02/2019 | 8411 | 7868 | 622 |
| &nbsp;&nbsp;&nbsp; 2214618289, 24.645%, 2/14/2026 †x¥#^ | Stripe | 8/21/2024 | 3007 | 3127 | 150 |
| &nbsp;&nbsp;&nbsp; 2214964, 5.905%, 4/01/2021 †x¶#^ | Square | 10/03/2019 | 187 | 172 | 14 |
| &nbsp;&nbsp;&nbsp; 2216749, 4.605%, 4/01/2021 †x¶#^ | Square | 10/03/2019 | 2215 | 2071 | 164 |
| &nbsp;&nbsp;&nbsp; 2218540, 6.508%, 4/02/2021 †x¶#^ | Square | 10/04/2019 | 4482 | 4084 | 332 |
| &nbsp;&nbsp;&nbsp; 2221128720, 26.510%, 1/08/2026 †x¥#^ | Stripe | 7/15/2024 | 3777 | 3929 | 189 |
| &nbsp;&nbsp;&nbsp; 2221243181, 15.065%, 10/27/2026 †x¥ | Stripe | 5/01/2025 | 7373 | 7668 | 7738 |
| &nbsp;&nbsp;&nbsp; 2228356, 6.512%, 4/04/2021 †x¶#^ | Square | 10/08/2019 | 1535 | 1398 | 114 |
| &nbsp;&nbsp;&nbsp; 2229695961, 21.181%, 10/12/2024 †x¥#^ | Stripe | 4/19/2023 | 935 | 973 | 47 |
| &nbsp;&nbsp;&nbsp; 2230557867, 18.266%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 25189 | 26448 | 26545 |
| &nbsp;&nbsp;&nbsp; 2231073, 6.817%, 4/05/2021 †x¶#^ | Square | 10/09/2019 | 1364 | 1237 | 101 |
| &nbsp;&nbsp;&nbsp; 2231592005, 26.061%, 6/11/2026 †x¥ | Stripe | 12/16/2024 | 223 | 232 | 241 |
| &nbsp;&nbsp;&nbsp; 2231890, 5.714%, 4/06/2021 †x¶#^ | Square | 10/09/2019 | 1169 | 1077 | 87 |
| &nbsp;&nbsp;&nbsp; 2233198813, 19.333%, 3/13/2024 †x¥#^ | Stripe | 9/16/2022 | 8446 | 8784 | 422 |
| &nbsp;&nbsp;&nbsp; 2234082447, 20.521%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 5524 | 5745 | 276 |
| &nbsp;&nbsp;&nbsp; 223436380, 25.600%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | 4920 | 5116 | 5227 |
| &nbsp;&nbsp;&nbsp; 2234722, 5.095%, 4/07/2021 †x¶#^ | Square | 10/09/2019 | 500 | 465 | 37 |
| &nbsp;&nbsp;&nbsp; 2237315, 7.302%, 4/08/2021 †x¶#^ | Square | 10/10/2019 | 2717 | 2449 | 201 |
| &nbsp;&nbsp;&nbsp; 2237525, 3.810%, 4/08/2021 †x¶#^ | Square | 10/10/2019 | 1431 | 1354 | 106 |
| &nbsp;&nbsp;&nbsp; 2238055, 6.508%, 4/08/2021 †x¶#^ | Square | 10/10/2019 | 304 | 277 | 23 |
| &nbsp;&nbsp;&nbsp; 2240129835, 26.127%, 3/21/2026 †x¥# | Stripe | 9/25/2024 | 3246 | 3376 | 162 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6123** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2240648945, 22.400%, 6/02/2026 †x¥ | Stripe | 12/05/2024 | $1301 | $1353 | $746 |
| &nbsp;&nbsp;&nbsp; 2241102, 4.610%, 4/08/2021 †x¶#^ | Square | 10/10/2019 | 2585 | 2418 | 191 |
| &nbsp;&nbsp;&nbsp; 2244301586, 26.516%, 3/26/2026 †x¥# | Stripe | 9/30/2024 | 957 | 995 | 186 |
| &nbsp;&nbsp;&nbsp; 2246936016, 22.400%, 8/12/2026 †x¥ | Stripe | 12/18/2024 | 1013 | 1054 | 1082 |
| &nbsp;&nbsp;&nbsp; 2250062, 5.818%, 4/10/2021 †x¶#^ | Square | 10/15/2019 | 5000 | 4599 | 370 |
| &nbsp;&nbsp;&nbsp; 2251548133, 15.600%, 11/26/2025 †x¥#^ | Stripe | 2/06/2024 | 14140 | 14706 | 707 |
| &nbsp;&nbsp;&nbsp; 2252311358, 24.928%, 8/05/2027 †x¥ | Stripe | 2/09/2026 | 14964 | 15713 | 15743 |
| &nbsp;&nbsp;&nbsp; 2255283, 3.931%, 4/12/2021 †x¶#^ | Square | 10/17/2019 | 8284 | 7823 | 613 |
| &nbsp;&nbsp;&nbsp; 2256239, 3.931%, 4/14/2021 †x¶#^ | Square | 10/17/2019 | 1039 | 981 | 77 |
| &nbsp;&nbsp;&nbsp; 2256490, 6.604%, 4/14/2021 †x¶#^ | Square | 10/17/2019 | 647 | 588 | 48 |
| &nbsp;&nbsp;&nbsp; 2258456, 5.031%, 4/15/2021 †x¶#^ | Square | 10/17/2019 | 1872 | 1741 | 139 |
| &nbsp;&nbsp;&nbsp; 2259899, 5.828%, 4/15/2021 †x¶#^ | Square | 10/17/2019 | 782 | 719 | 58 |
| &nbsp;&nbsp;&nbsp; 2261962, 3.933%, 4/15/2021 †x¶#^ | Square | 10/17/2019 | 297 | 280 | 22 |
| &nbsp;&nbsp;&nbsp; 2262419661, 26.000%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 5400 | 5670 | 5670 |
| &nbsp;&nbsp;&nbsp; 2262851, 5.178%, 4/16/2021 †x¶#^ | Square | 10/18/2019 | 1310 | 1216 | 97 |
| &nbsp;&nbsp;&nbsp; 2263095, 6.129%, 4/16/2021 †x¶#^ | Square | 10/18/2019 | 6140 | 5623 | 454 |
| &nbsp;&nbsp;&nbsp; 2266577815, 22.000%, 4/11/2026 †x¥ | Stripe | 10/17/2024 | 956 | 994 | 1026 |
| &nbsp;&nbsp;&nbsp; 2267282609, 25.999%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 48365 | 50783 | 51202 |
| &nbsp;&nbsp;&nbsp; 2269941413, 14.000%, 3/04/2027 †x¥ | Stripe | 9/08/2025 | 44451 | 46229 | 46685 |
| &nbsp;&nbsp;&nbsp; 2270865096, 18.257%, 9/04/2024 †x¥#^ | Stripe | 3/10/2023 | 7314 | 7606 | 366 |
| &nbsp;&nbsp;&nbsp; 2271442914, 20.396%, 2/10/2027 †x¥ | Stripe | 8/15/2025 | 11312 | 11765 | 11938 |
| &nbsp;&nbsp;&nbsp; 2273626, 4.604%, 4/19/2021 †x¶#^ | Square | 10/23/2019 | 8109 | 7586 | 600 |
| &nbsp;&nbsp;&nbsp; 2274319, 3.145%, 4/20/2021 †x¶#^ | Square | 10/23/2019 | 1784 | 1704 | 132 |
| &nbsp;&nbsp;&nbsp; 2275971836, 14.133%, 10/30/2026 †x¥ | Stripe | 5/06/2025 | 36111 | 37556 | 37739 |
| &nbsp;&nbsp;&nbsp; 2278773, 2.830%, 4/22/2021 †x¶#^ | Square | 10/24/2019 | 766 | 734 | 57 |
| &nbsp;&nbsp;&nbsp; 2279983403, 23.590%, 8/09/2024 †x¥#^ | Stripe | 2/14/2023 | 11276 | 11727 | 564 |
| &nbsp;&nbsp;&nbsp; 2281162, 5.815%, 4/22/2021 †x¶#^ | Square | 10/24/2019 | 2466 | 2268 | 183 |
| &nbsp;&nbsp;&nbsp; 2281313947, 26.533%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 51 | 53 | 55 |
| &nbsp;&nbsp;&nbsp; 228206652, 21.859%, 5/31/2023 †x¥#^ | Stripe | 12/03/2021 | 4245 | 4415 | 212 |
| &nbsp;&nbsp;&nbsp; 2283128, 5.192%, 4/23/2021 †x¶#^ | Square | 10/25/2019 | 1978 | 1835 | 146 |
| &nbsp;&nbsp;&nbsp; 2285672, 6.803%, 4/23/2021 †x¶#^ | Square | 10/25/2019 | 445 | 404 | 33 |
| &nbsp;&nbsp;&nbsp; 2286725235, 24.528%, 12/11/2024 †x¥#^ | Stripe | 6/16/2023 | 1586 | 1650 | 79 |
| &nbsp;&nbsp;&nbsp; 2287917742, 19.590%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 2088 | 2171 | 104 |
| &nbsp;&nbsp;&nbsp; 2288532563, 14.789%, 9/16/2026 †x¥ | Stripe | 3/21/2025 | 3209 | 3337 | 3360 |
| &nbsp;&nbsp;&nbsp; 2288845806, 22.377%, 4/28/2026 †x¥ | Stripe | 10/31/2024 | 480 | 500 | 512 |
| &nbsp;&nbsp;&nbsp; 2289204739, 16.267%, 9/26/2023 †x¥#^ | Stripe | 2/01/2022 | 6668 | 6935 | 333 |
| &nbsp;&nbsp;&nbsp; 2289359, 5.031%, 4/24/2021 †x¶#^ | Square | 10/28/2019 | 3554 | 3313 | 263 |
| &nbsp;&nbsp;&nbsp; 2290341978, 16.252%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 2999 | 3149 | 3159 |
| &nbsp;&nbsp;&nbsp; 2291455046, 17.996%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 3867 | 4022 | 193 |
| &nbsp;&nbsp;&nbsp; 2291783, 5.811%, 4/25/2021 †x¶#^ | Square | 10/29/2019 | 1007 | 926 | 74 |
| &nbsp;&nbsp;&nbsp; 2293221218, 24.000%, 10/27/2023 †x¥#^ | Stripe | 5/03/2022 | 1635 | 1700 | 82 |
| &nbsp;&nbsp;&nbsp; 2293694258, 20.260%, 7/31/2024 †x¥#^ | Stripe | 2/03/2023 | 3515 | 3655 | 176 |
| &nbsp;&nbsp;&nbsp; 2297323, 5.031%, 4/28/2021 †x¶#^ | Square | 10/30/2019 | 1380 | 1283 | 102 |
| &nbsp;&nbsp;&nbsp; 2298872158, 18.933%, 3/01/2025 †x¥#^ | Stripe | 7/07/2023 | 67583 | 70286 | 3379 |
| &nbsp;&nbsp;&nbsp; 22d7f7b1-3e98-4c31-8867-c712e4a6a12a, 18.900%, 9/07/2023 †x#^ | Funding Circle | 9/10/2018 | 150646 | 150646 | 45194 |
| &nbsp;&nbsp;&nbsp; 2308255194, 19.597%, 2/20/2024 †x¥#^ | Stripe | 8/25/2022 | 15929 | 16566 | 796 |
| &nbsp;&nbsp;&nbsp; 2311761855, 21.167%, 5/01/2026 †x¥ | Stripe | 11/05/2024 | 118 | 123 | 125 |
| &nbsp;&nbsp;&nbsp; 2317948835, 18.400%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | 35500 | 36920 | 1775 |
| &nbsp;&nbsp;&nbsp; 2318469872, 19.192%, 11/19/2025 †x¥#^ | Stripe | 5/24/2024 | 5901 | 6137 | 295 |
| &nbsp;&nbsp;&nbsp; 2319821147, 26.533%, 2/10/2027 †x¥ | Stripe | 8/15/2025 | 3062 | 3185 | 3216 |
| &nbsp;&nbsp;&nbsp; 2319890, 6.502%, 5/05/2021 †x¶#^ | Square | 11/07/2019 | 1619 | 1475 | 120 |
| &nbsp;&nbsp;&nbsp; 2321842, 4.602%, 5/06/2021 †x¶#^ | Square | 11/08/2019 | 2885 | 2699 | 213 |
| &nbsp;&nbsp;&nbsp; 2322122, 5.889%, 5/06/2021 †x¶#^ | Square | 11/08/2019 | 1231 | 1131 | 91 |
| &nbsp;&nbsp;&nbsp; 2322210, 4.610%, 5/06/2021 †x¶#^ | Square | 11/08/2019 | 508 | 475 | 38 |
| &nbsp;&nbsp;&nbsp; 2322962788, 18.000%, 10/09/2024 †x¥#^ | Stripe | 2/15/2023 | 85245 | 88655 | 4262 |
| &nbsp;&nbsp;&nbsp; 2323465116, 22.528%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 2297 | 2389 | 115 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6124** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2323710773, 18.667%, 5/29/2025 †x¥#^ | Stripe | 12/04/2023 | $6901 | $7177 | $345 |
| &nbsp;&nbsp;&nbsp; 2324092, 7.302%, 5/06/2021 †x¶#^ | Square | 11/08/2019 | 1933 | 1742 | 143 |
| &nbsp;&nbsp;&nbsp; 2324247, 4.598%, 5/06/2021 †x¶#^ | Square | 11/08/2019 | 650 | 608 | 48 |
| &nbsp;&nbsp;&nbsp; 2324581, 5.083%, 5/06/2021 †x¶#^ | Square | 11/08/2019 | 4351 | 4043 | 322 |
| &nbsp;&nbsp;&nbsp; 2324903, 4.606%, 5/06/2021 †x¶#^ | Square | 11/08/2019 | 2458 | 2299 | 182 |
| &nbsp;&nbsp;&nbsp; 2325894153, 20.078%, 6/18/2024 †x¥#^ | Stripe | 12/22/2022 | 401 | 417 | 20 |
| &nbsp;&nbsp;&nbsp; 2328679267, 20.400%, 12/17/2026 †x¥# | Stripe | 6/24/2025 | 69124 | 71889 | 19091 |
| &nbsp;&nbsp;&nbsp; 2328756, 4.602%, 5/07/2021 †x¶#^ | Square | 11/12/2019 | 12270 | 11478 | 908 |
| &nbsp;&nbsp;&nbsp; 2329290406, 26.528%, 3/24/2026 †x¥# | Stripe | 9/26/2024 | 1600 | 1664 | 80 |
| &nbsp;&nbsp;&nbsp; 2330581, 6.509%, 5/07/2021 †x¶#^ | Square | 11/12/2019 | 2060 | 1877 | 152 |
| &nbsp;&nbsp;&nbsp; 2331754, 7.310%, 5/08/2021 †x¶#^ | Square | 11/13/2019 | 2623 | 2364 | 194 |
| &nbsp;&nbsp;&nbsp; 2332210, 5.873%, 5/08/2021 †x¶#^ | Square | 11/13/2019 | 1141 | 1053 | 84 |
| &nbsp;&nbsp;&nbsp; 2334836, 5.714%, 5/11/2021 †x¶#^ | Square | 11/14/2019 | 137 | 127 | 10 |
| &nbsp;&nbsp;&nbsp; 2334845, 5.873%, 5/09/2021 †x¶#^ | Square | 11/14/2019 | 1899 | 1746 | 141 |
| &nbsp;&nbsp;&nbsp; 2334918, 5.714%, 5/11/2021 †x¶#^ | Square | 11/14/2019 | 5761 | 5306 | 426 |
| &nbsp;&nbsp;&nbsp; 2335307, 5.714%, 5/09/2021 †x¶#^ | Square | 11/14/2019 | 1601 | 1474 | 118 |
| &nbsp;&nbsp;&nbsp; 2335316529, 17.733%, 4/17/2025 †x¥#^ | Stripe | 10/23/2023 | 17640 | 18274 | 882 |
| &nbsp;&nbsp;&nbsp; 2336248, 4.607%, 5/11/2021 †x¶#^ | Square | 11/14/2019 | 4295 | 4017 | 318 |
| &nbsp;&nbsp;&nbsp; 2337781, 3.501%, 5/11/2021 †x¶#^ | Square | 11/14/2019 | 1927 | 1831 | 143 |
| &nbsp;&nbsp;&nbsp; 2338819, 4.444%, 5/12/2021 †x¶#^ | Square | 11/14/2019 | 1103 | 1034 | 82 |
| &nbsp;&nbsp;&nbsp; 2340222, 5.877%, 5/12/2021 †x¶#^ | Square | 11/14/2019 | 308 | 283 | 23 |
| &nbsp;&nbsp;&nbsp; 2342216, 4.603%, 5/12/2021 †x¶#^ | Square | 11/14/2019 | 792 | 741 | 59 |
| &nbsp;&nbsp;&nbsp; 2342303, 5.083%, 5/12/2021 †x¶#^ | Square | 11/14/2019 | 3740 | 3475 | 277 |
| &nbsp;&nbsp;&nbsp; 2343115641, 26.133%, 8/15/2026 †x¥ | Stripe | 2/20/2025 | 314 | 327 | 338 |
| &nbsp;&nbsp;&nbsp; 2343839, 3.813%, 5/13/2021 †x¶#^ | Square | 11/15/2019 | 2564 | 2431 | 190 |
| &nbsp;&nbsp;&nbsp; 2344366, 5.714%, 5/13/2021 †x¶#^ | Square | 11/15/2019 | 53 | 49 | 4 |
| &nbsp;&nbsp;&nbsp; 2348145064, 24.508%, 4/19/2024 †x¥#^ | Stripe | 10/25/2022 | 494 | 514 | 25 |
| &nbsp;&nbsp;&nbsp; 235011276, 21.188%, 10/14/2025 †x¥#^ | Stripe | 4/18/2024 | 9015 | 9376 | 451 |
| &nbsp;&nbsp;&nbsp; 2353362181, 26.523%, 12/05/2025 †x¥#^ | Stripe | 6/11/2024 | 2180 | 2267 | 109 |
| &nbsp;&nbsp;&nbsp; 2353858, 3.774%, 5/15/2021 †x¶#^ | Square | 11/19/2019 | 5755 | 5446 | 426 |
| &nbsp;&nbsp;&nbsp; 2354681, 5.031%, 5/15/2021 †x¶#^ | Square | 11/19/2019 | 6781 | 6305 | 502 |
| &nbsp;&nbsp;&nbsp; 2354711089, 26.533%, 7/09/2026 †x¥ | Stripe | 1/13/2025 | 6792 | 7063 | 7231 |
| &nbsp;&nbsp;&nbsp; 2355037, 5.237%, 5/15/2021 †x¶#^ | Square | 11/19/2019 | 5500 | 5100 | 407 |
| &nbsp;&nbsp;&nbsp; 2355721, 5.406%, 5/15/2021 †x¶#^ | Square | 11/19/2019 | 660 | 610 | 49 |
| &nbsp;&nbsp;&nbsp; 2356443847, 22.800%, 9/10/2025 †x¥#^ | Stripe | 3/15/2024 | 1084 | 1128 | 54 |
| &nbsp;&nbsp;&nbsp; 2356497, 3.302%, 5/15/2021 †x¶#^ | Square | 11/19/2019 | 285 | 271 | 21 |
| &nbsp;&nbsp;&nbsp; 2357115, 4.722%, 5/15/2021 †x¶#^ | Square | 11/19/2019 | 1751 | 1635 | 130 |
| &nbsp;&nbsp;&nbsp; 2357189862, 23.067%, 11/01/2025 †x¥#^ | Stripe | 5/08/2024 | 2527 | 2628 | 126 |
| &nbsp;&nbsp;&nbsp; 2358806, 4.561%, 5/16/2021 †x¶#^ | Square | 11/20/2019 | 1314 | 1230 | 97 |
| &nbsp;&nbsp;&nbsp; 2358863, 4.403%, 5/16/2021 †x¶#^ | Square | 11/20/2019 | 28 | 27 | 2 |
| &nbsp;&nbsp;&nbsp; 2358966128, 22.921%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 1136 | 1182 | 57 |
| &nbsp;&nbsp;&nbsp; 2359294838, 20.370%, 2/04/2027 †x¥ | Stripe | 8/11/2025 | 2005 | 2086 | 2109 |
| &nbsp;&nbsp;&nbsp; 2359761, 4.874%, 5/16/2021 †x¶#^ | Square | 11/20/2019 | 1279 | 1192 | 95 |
| &nbsp;&nbsp;&nbsp; 2360100862, 20.133%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | 2040 | 2122 | 102 |
| &nbsp;&nbsp;&nbsp; 2360107, 6.118%, 5/17/2021 †x¶#^ | Square | 11/20/2019 | 265 | 243 | 20 |
| &nbsp;&nbsp;&nbsp; 2360220, 5.031%, 5/17/2021 †x¶#^ | Square | 11/20/2019 | 275 | 255 | 20 |
| &nbsp;&nbsp;&nbsp; 2361667, 4.403%, 5/18/2021 †x¶#^ | Square | 11/20/2019 | 4282 | 4017 | 317 |
| &nbsp;&nbsp;&nbsp; 2361924112, 22.118%, 12/20/2025 †x¥#^ | Stripe | 4/25/2024 | 813 | 845 | 41 |
| &nbsp;&nbsp;&nbsp; 236222363, 16.246%, 8/17/2024 †x¥#^ | Stripe | 2/23/2023 | 1896 | 1972 | 95 |
| &nbsp;&nbsp;&nbsp; 2362240, 4.559%, 5/18/2021 †x¶#^ | Square | 11/20/2019 | 5377 | 5033 | 398 |
| &nbsp;&nbsp;&nbsp; 2362311, 5.079%, 5/18/2021 †x¶#^ | Square | 11/20/2019 | 6286 | 5841 | 465 |
| &nbsp;&nbsp;&nbsp; 2362913, 4.403%, 5/18/2021 †x¶#^ | Square | 11/20/2019 | 21723 | 20377 | 1608 |
| &nbsp;&nbsp;&nbsp; 2364751, 3.309%, 5/18/2021 †x¶#^ | Square | 11/20/2019 | 1854 | 1766 | 137 |
| &nbsp;&nbsp;&nbsp; 2365550, 4.403%, 5/18/2021 †x¶#^ | Square | 11/20/2019 | 2638 | 2475 | 195 |
| &nbsp;&nbsp;&nbsp; 2365906, 5.238%, 5/19/2021 †x¶#^ | Square | 11/21/2019 | 1329 | 1232 | 98 |
| &nbsp;&nbsp;&nbsp; 2366847, 4.563%, 5/19/2021 †x¶#^ | Square | 11/21/2019 | 2265 | 2120 | 168 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6125** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2367496, 4.403%, 5/19/2021 †x¶#^ | Square | 11/21/2019 | $478 | $448 | $35 |
| &nbsp;&nbsp;&nbsp; 2367543, 4.444%, 5/19/2021 †x¶#^ | Square | 11/21/2019 | 2966 | 2781 | 219 |
| &nbsp;&nbsp;&nbsp; 2367790, 3.941%, 5/19/2021 †x¶#^ | Square | 11/21/2019 | 449 | 424 | 33 |
| &nbsp;&nbsp;&nbsp; 2367824647, 24.792%, 8/02/2024 †x¥#^ | Stripe | 2/07/2023 | 6273 | 6523 | 314 |
| &nbsp;&nbsp;&nbsp; 2369993, 3.309%, 5/20/2021 †x¶#^ | Square | 11/22/2019 | 2090 | 1992 | 155 |
| &nbsp;&nbsp;&nbsp; 2370017, 4.560%, 5/20/2021 †x¶#^ | Square | 11/22/2019 | 879 | 822 | 65 |
| &nbsp;&nbsp;&nbsp; 2370830171, 21.956%, 8/26/2026 †x¥# | Stripe | 2/28/2025 | 549 | 571 | 219 |
| &nbsp;&nbsp;&nbsp; 2370913, 6.134%, 5/20/2021 †x¶#^ | Square | 11/22/2019 | 2323 | 2127 | 172 |
| &nbsp;&nbsp;&nbsp; 2371050, 5.237%, 5/20/2021 †x¶#^ | Square | 11/22/2019 | 4181 | 3876 | 309 |
| &nbsp;&nbsp;&nbsp; 2374039, 4.403%, 5/21/2021 †x¶#^ | Square | 11/25/2019 | 329 | 309 | 24 |
| &nbsp;&nbsp;&nbsp; 2374903, 4.635%, 5/21/2021 †x¶#^ | Square | 11/25/2019 | 580 | 542 | 43 |
| &nbsp;&nbsp;&nbsp; 2374994, 4.562%, 5/21/2021 †x¶#^ | Square | 11/25/2019 | 1235 | 1156 | 91 |
| &nbsp;&nbsp;&nbsp; 2375470, 4.403%, 5/21/2021 †x¶#^ | Square | 11/25/2019 | 46111 | 43255 | 3412 |
| &nbsp;&nbsp;&nbsp; 2375537, 4.603%, 5/21/2021 †x¶#^ | Square | 11/25/2019 | 541 | 506 | 40 |
| &nbsp;&nbsp;&nbsp; 2375603, 3.813%, 5/21/2021 †x¶#^ | Square | 11/25/2019 | 4833 | 4572 | 358 |
| &nbsp;&nbsp;&nbsp; 2377177, 5.237%, 5/21/2021 †x¶#^ | Square | 11/25/2019 | 10329 | 9577 | 764 |
| &nbsp;&nbsp;&nbsp; 2377255987, 19.329%, 2/11/2025 †x¥#^ | Stripe | 8/17/2023 | 11008 | 11449 | 550 |
| &nbsp;&nbsp;&nbsp; 2378105, 5.238%, 5/22/2021 †x¶#^ | Square | 11/26/2019 | 1808 | 1676 | 134 |
| &nbsp;&nbsp;&nbsp; 2379107, 3.496%, 5/22/2021 †x¶#^ | Square | 11/26/2019 | 3611 | 3431 | 267 |
| &nbsp;&nbsp;&nbsp; 2379646060, 14.000%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 57705 | 60591 | 60591 |
| &nbsp;&nbsp;&nbsp; 238031559, 20.930%, 8/28/2024 †x¥#^ | Stripe | 3/03/2023 | 27645 | 28750 | 1382 |
| &nbsp;&nbsp;&nbsp; 2380795611, 16.000%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 13020 | 13671 | 13697 |
| &nbsp;&nbsp;&nbsp; 2381430, 6.519%, 5/23/2021 †x¶#^ | Square | 11/27/2019 | 230 | 210 | 17 |
| &nbsp;&nbsp;&nbsp; 2381430933, 16.396%, 5/20/2023 †x¥#^ | Stripe | 11/24/2021 | 10458 | 10877 | 523 |
| &nbsp;&nbsp;&nbsp; 2382099070, 18.930%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 22067 | 22949 | 1103 |
| &nbsp;&nbsp;&nbsp; 2382329726, 26.476%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 1950 | 2047 | 2050 |
| &nbsp;&nbsp;&nbsp; 2383640, 5.817%, 5/25/2021 †x¶#^ | Square | 11/27/2019 | 4226 | 3887 | 313 |
| &nbsp;&nbsp;&nbsp; 2385166, 4.403%, 5/25/2021 †x¶#^ | Square | 11/27/2019 | 750 | 703 | 55 |
| &nbsp;&nbsp;&nbsp; 2386028, 4.615%, 5/25/2021 †x¶#^ | Square | 11/27/2019 | 2038 | 1906 | 151 |
| &nbsp;&nbsp;&nbsp; 2386678953, 16.267%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 5968 | 6207 | 6295 |
| &nbsp;&nbsp;&nbsp; 2388270, 4.558%, 5/26/2021 †x¶#^ | Square | 11/29/2019 | 8893 | 8324 | 658 |
| &nbsp;&nbsp;&nbsp; 2388874, 4.574%, 5/26/2021 †x¶#^ | Square | 11/29/2019 | 212 | 198 | 16 |
| &nbsp;&nbsp;&nbsp; 2389356204, 20.667%, 4/22/2025 †x¥#^ | Stripe | 10/26/2023 | 2156 | 2242 | 108 |
| &nbsp;&nbsp;&nbsp; 2389886021, 25.333%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | 3637 | 3782 | 182 |
| &nbsp;&nbsp;&nbsp; 2390482895, 22.267%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 744 | 781 | 785 |
| &nbsp;&nbsp;&nbsp; 2390724033, 25.333%, 12/27/2023 †x¥#^ | Stripe | 7/01/2022 | 8986 | 9346 | 449 |
| &nbsp;&nbsp;&nbsp; 2395165465, 20.133%, 7/26/2024 †x¥#^ | Stripe | 1/31/2023 | 1619 | 1684 | 81 |
| &nbsp;&nbsp;&nbsp; 2396455294, 11.467%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 33245 | 34575 | 1662 |
| &nbsp;&nbsp;&nbsp; 2397450, 3.974%, 5/27/2021 †x¶#^ | Square | 12/02/2019 | 1644 | 1551 | 122 |
| &nbsp;&nbsp;&nbsp; 2401966, 4.444%, 5/29/2021 †x¶#^ | Square | 12/03/2019 | 4293 | 4025 | 318 |
| &nbsp;&nbsp;&nbsp; 2401978, 5.406%, 5/29/2021 †x¶#^ | Square | 12/03/2019 | 2187 | 2023 | 162 |
| &nbsp;&nbsp;&nbsp; 2402051, 3.972%, 5/29/2021 †x¶#^ | Square | 12/03/2019 | 559 | 528 | 41 |
| &nbsp;&nbsp;&nbsp; 240211489, 26.000%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 1472 | 1546 | 1556 |
| &nbsp;&nbsp;&nbsp; 2405750, 5.714%, 6/01/2021 †x¶#^ | Square | 12/04/2019 | 925 | 852 | 68 |
| &nbsp;&nbsp;&nbsp; 2405994, 7.302%, 6/01/2021 †x¶#^ | Square | 12/04/2019 | 977 | 881 | 72 |
| &nbsp;&nbsp;&nbsp; 2406390398, 26.528%, 2/10/2026 †x¥#^ | Stripe | 8/15/2024 | 5754 | 5984 | 288 |
| &nbsp;&nbsp;&nbsp; 2407360, 5.079%, 6/02/2021 †x¶#^ | Square | 12/04/2019 | 12548 | 11660 | 929 |
| &nbsp;&nbsp;&nbsp; 2407727386, 20.400%, 3/12/2027 †x¥ | Stripe | 9/16/2025 | 1806 | 1878 | 1908 |
| &nbsp;&nbsp;&nbsp; 2407782563, 20.397%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 1152 | 1198 | 1223 |
| &nbsp;&nbsp;&nbsp; 2408624, 5.395%, 6/02/2021 †x¶#^ | Square | 12/04/2019 | 2250 | 2082 | 167 |
| &nbsp;&nbsp;&nbsp; 2413756, 4.603%, 6/03/2021 †x¶#^ | Square | 12/05/2019 | 497 | 465 | 37 |
| &nbsp;&nbsp;&nbsp; 2416275, 5.243%, 6/04/2021 †x¶#^ | Square | 12/06/2019 | 1843 | 1708 | 136 |
| &nbsp;&nbsp;&nbsp; 2417344891, 18.928%, 1/17/2024 †x¥#^ | Stripe | 7/22/2022 | 2784 | 2895 | 139 |
| &nbsp;&nbsp;&nbsp; 2417357950, 20.333%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 1050 | 1102 | 1105 |
| &nbsp;&nbsp;&nbsp; 2418753, 4.444%, 6/04/2021 †x¶#^ | Square | 12/06/2019 | 11544 | 10822 | 854 |
| &nbsp;&nbsp;&nbsp; 2421293, 5.566%, 6/05/2021 †x¶#^ | Square | 12/09/2019 | 989 | 913 | 73 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6126** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2421330, 5.714%, 6/05/2021 †x¶#^ | Square | 12/09/2019 | $830 | $765 | $61 |
| &nbsp;&nbsp;&nbsp; 2421695, 4.604%, 6/05/2021 †x¶#^ | Square | 12/09/2019 | 481 | 450 | 36 |
| &nbsp;&nbsp;&nbsp; 2425052937, 25.333%, 8/22/2024 †x¥#^ | Stripe | 2/27/2023 | 1645 | 1711 | 82 |
| &nbsp;&nbsp;&nbsp; 2426506622, 26.519%, 11/12/2025 †x¥#^ | Stripe | 5/17/2024 | 334 | 347 | 17 |
| &nbsp;&nbsp;&nbsp; 2429274203, 22.127%, 6/28/2024 †x¥#^ | Stripe | 1/04/2023 | 4032 | 4194 | 202 |
| &nbsp;&nbsp;&nbsp; 2434591320, 26.533%, 10/10/2026 †x¥# | Stripe | 4/16/2025 | 2565 | 2667 | 128 |
| &nbsp;&nbsp;&nbsp; 2436597010, 25.333%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 555 | 577 | 28 |
| &nbsp;&nbsp;&nbsp; 2437203, 4.417%, 6/10/2021 †x¶#^ | Square | 12/12/2019 | 360 | 338 | 27 |
| &nbsp;&nbsp;&nbsp; 2437215, 4.567%, 6/10/2021 †x¶#^ | Square | 12/12/2019 | 466 | 437 | 35 |
| &nbsp;&nbsp;&nbsp; 2437334, 4.403%, 6/10/2021 †x¶#^ | Square | 12/12/2019 | 21005 | 19704 | 1554 |
| &nbsp;&nbsp;&nbsp; 2438313, 4.444%, 6/10/2021 †x¶#^ | Square | 12/12/2019 | 1496 | 1403 | 111 |
| &nbsp;&nbsp;&nbsp; 2438549, 4.553%, 6/11/2021 †x¶#^ | Square | 12/13/2019 | 459 | 430 | 34 |
| &nbsp;&nbsp;&nbsp; 2439418, 4.403%, 6/11/2021 †x¶#^ | Square | 12/13/2019 | 801 | 752 | 59 |
| &nbsp;&nbsp;&nbsp; 2439424, 4.724%, 6/11/2021 †x¶#^ | Square | 12/13/2019 | 1759 | 1642 | 130 |
| &nbsp;&nbsp;&nbsp; 2439499, 4.403%, 6/11/2021 †x¶#^ | Square | 12/13/2019 | 2027 | 1902 | 150 |
| &nbsp;&nbsp;&nbsp; 2440294, 4.403%, 6/11/2021 †x¶#^ | Square | 12/13/2019 | 10548 | 9894 | 781 |
| &nbsp;&nbsp;&nbsp; 2441311, 3.302%, 6/11/2021 †x¶#^ | Square | 12/13/2019 | 156 | 148 | 12 |
| &nbsp;&nbsp;&nbsp; 2441831, 3.302%, 6/11/2021 †x¶#^ | Square | 12/13/2019 | 6555 | 6246 | 485 |
| &nbsp;&nbsp;&nbsp; 2445628254, 21.172%, 7/04/2024 †x¥#^ | Stripe | 1/09/2023 | 2126 | 2211 | 106 |
| &nbsp;&nbsp;&nbsp; 2445724, 5.415%, 6/12/2021 †x¶#^ | Square | 12/16/2019 | 576 | 533 | 43 |
| &nbsp;&nbsp;&nbsp; 2445799, 3.301%, 6/12/2021 †x¶#^ | Square | 12/16/2019 | 7543 | 7187 | 558 |
| &nbsp;&nbsp;&nbsp; 2446196379, 18.262%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 13905 | 14600 | 14615 |
| &nbsp;&nbsp;&nbsp; 2446700, 4.577%, 6/12/2021 †x¶#^ | Square | 12/16/2019 | 738 | 690 | 55 |
| &nbsp;&nbsp;&nbsp; 2447115, 4.572%, 6/12/2021 †x¶#^ | Square | 12/16/2019 | 415 | 388 | 31 |
| &nbsp;&nbsp;&nbsp; 2447996, 4.867%, 6/13/2021 †x¶#^ | Square | 12/17/2019 | 610 | 568 | 45 |
| &nbsp;&nbsp;&nbsp; 2448272, 3.966%, 6/13/2021 †x¶#^ | Square | 12/17/2019 | 1652 | 1559 | 122 |
| &nbsp;&nbsp;&nbsp; 2448680, 4.565%, 6/13/2021 †x¶#^ | Square | 12/17/2019 | 2922 | 2734 | 216 |
| &nbsp;&nbsp;&nbsp; 245093992, 22.267%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 3614 | 3794 | 3803 |
| &nbsp;&nbsp;&nbsp; 2451359, 5.079%, 6/14/2021 †x¶#^ | Square | 12/18/2019 | 1036 | 963 | 77 |
| &nbsp;&nbsp;&nbsp; 2453274149, 22.399%, 12/14/2026 †x¥# | Stripe | 11/15/2024 | 2952 | 3070 | 1190 |
| &nbsp;&nbsp;&nbsp; 245372948, 26.095%, 3/20/2026 †x¥# | Stripe | 9/24/2024 | 1131 | 1177 | 57 |
| &nbsp;&nbsp;&nbsp; 2455983, 4.557%, 6/16/2021 †x¶#^ | Square | 12/18/2019 | 464 | 434 | 34 |
| &nbsp;&nbsp;&nbsp; 2456816, 3.774%, 6/16/2021 †x¶#^ | Square | 12/18/2019 | 12370 | 11708 | 915 |
| &nbsp;&nbsp;&nbsp; 2458998798, 26.533%, 10/21/2025 †x¥#^ | Stripe | 4/25/2024 | 759 | 789 | 38 |
| &nbsp;&nbsp;&nbsp; 2460231163, 25.999%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 66500 | 69825 | 69825 |
| &nbsp;&nbsp;&nbsp; 2461123, 3.963%, 6/18/2021 †x¶#^ | Square | 12/20/2019 | 1719 | 1623 | 127 |
| &nbsp;&nbsp;&nbsp; 2461852, 3.774%, 6/18/2021 †x¶#^ | Square | 12/20/2019 | 404 | 382 | 30 |
| &nbsp;&nbsp;&nbsp; 2462047, 5.238%, 6/18/2021 †x¶#^ | Square | 12/20/2019 | 1020 | 946 | 75 |
| &nbsp;&nbsp;&nbsp; 2463812, 5.249%, 6/18/2021 †x¶#^ | Square | 12/20/2019 | 2454 | 2275 | 182 |
| &nbsp;&nbsp;&nbsp; 2464078, 5.079%, 6/18/2021 †x¶#^ | Square | 12/20/2019 | 9648 | 8965 | 714 |
| &nbsp;&nbsp;&nbsp; 2465422, 5.238%, 6/18/2021 †x¶#^ | Square | 12/20/2019 | 10808 | 10021 | 800 |
| &nbsp;&nbsp;&nbsp; 2465897731, 26.529%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 5800 | 6090 | 6090 |
| &nbsp;&nbsp;&nbsp; 2467577, 4.563%, 6/19/2021 †x¶#^ | Square | 12/23/2019 | 995 | 931 | 74 |
| &nbsp;&nbsp;&nbsp; 2467840, 4.417%, 6/19/2021 †x¶#^ | Square | 12/23/2019 | 1185 | 1111 | 88 |
| &nbsp;&nbsp;&nbsp; 2467946, 4.717%, 6/19/2021 †x¶#^ | Square | 12/23/2019 | 668 | 624 | 49 |
| &nbsp;&nbsp;&nbsp; 2468887, 3.299%, 6/19/2021 †x¶#^ | Square | 12/23/2019 | 3699 | 3525 | 274 |
| &nbsp;&nbsp;&nbsp; 2469961, 4.724%, 6/19/2021 †x¶#^ | Square | 12/23/2019 | 3405 | 3180 | 252 |
| &nbsp;&nbsp;&nbsp; 2470596, 4.732%, 6/19/2021 †x¶#^ | Square | 12/23/2019 | 435 | 406 | 32 |
| &nbsp;&nbsp;&nbsp; 2470607, 4.415%, 6/19/2021 †x¶#^ | Square | 12/23/2019 | 1372 | 1286 | 101 |
| &nbsp;&nbsp;&nbsp; 2470871, 5.714%, 6/20/2021 †x¶#^ | Square | 12/24/2019 | 220 | 202 | 16 |
| &nbsp;&nbsp;&nbsp; 2471129704, 25.333%, 12/27/2023 †x¥#^ | Stripe | 7/01/2022 | 858 | 892 | 43 |
| &nbsp;&nbsp;&nbsp; 2471212, 4.558%, 6/20/2021 †x¶#^ | Square | 12/24/2019 | 4108 | 3845 | 304 |
| &nbsp;&nbsp;&nbsp; 2471421, 5.238%, 6/20/2021 †x¶#^ | Square | 12/24/2019 | 1285 | 1191 | 95 |
| &nbsp;&nbsp;&nbsp; 2473973, 3.774%, 6/20/2021 †x¶#^ | Square | 12/24/2019 | 43002 | 40698 | 3182 |
| &nbsp;&nbsp;&nbsp; 2475046, 4.563%, 6/21/2021 †x¶#^ | Square | 12/26/2019 | 3477 | 3254 | 257 |
| &nbsp;&nbsp;&nbsp; 2475337312, 26.493%, 1/15/2026 †x¥#^ | Stripe | 7/22/2024 | 1557 | 1619 | 78 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6127** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2476573, 4.597%, 6/22/2021 †x¶#^ | Square | 12/26/2019 | $1491 | $1395 | $110 |
| &nbsp;&nbsp;&nbsp; 2476596, 4.444%, 6/22/2021 †x¶#^ | Square | 12/26/2019 | 1092 | 1024 | 81 |
| &nbsp;&nbsp;&nbsp; 2476713, 4.567%, 6/23/2021 †x¶#^ | Square | 12/26/2019 | 2562 | 2398 | 190 |
| &nbsp;&nbsp;&nbsp; 2477171825, 17.998%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 4191 | 4359 | 4425 |
| &nbsp;&nbsp;&nbsp; 2477517, 4.560%, 6/23/2021 †x¶#^ | Square | 12/26/2019 | 705 | 659 | 52 |
| &nbsp;&nbsp;&nbsp; 2478223451, 20.400%, 6/03/2025 †x¥#^ | Stripe | 12/07/2023 | 3783 | 3935 | 189 |
| &nbsp;&nbsp;&nbsp; 2478709273, 21.199%, 4/11/2024 †x¥#^ | Stripe | 10/17/2022 | 4806 | 4998 | 240 |
| &nbsp;&nbsp;&nbsp; 2478943, 4.560%, 6/23/2021 †x¶#^ | Square | 12/26/2019 | 1254 | 1174 | 93 |
| &nbsp;&nbsp;&nbsp; 2480443474, 18.784%, 8/07/2026 †x¥ | Stripe | 2/11/2025 | 20 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; 2481369, 4.563%, 6/24/2021 †x¶#^ | Square | 12/27/2019 | 2469 | 2311 | 183 |
| &nbsp;&nbsp;&nbsp; 24820173, 23.848%, 4/24/2024 †x¥#^ | Stripe | 10/28/2022 | 754 | 784 | 38 |
| &nbsp;&nbsp;&nbsp; 2482877163, 24.933%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 1720 | 1806 | 1812 |
| &nbsp;&nbsp;&nbsp; 2483014, 5.246%, 6/24/2021 †x¶#^ | Square | 12/27/2019 | 3015 | 2795 | 223 |
| &nbsp;&nbsp;&nbsp; 2483437, 3.774%, 6/24/2021 †x¶#^ | Square | 12/27/2019 | 13991 | 13241 | 1035 |
| &nbsp;&nbsp;&nbsp; 2485939479, 25.996%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 18520 | 19446 | 19446 |
| &nbsp;&nbsp;&nbsp; 2488340921, 16.000%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 5056 | 5308 | 5314 |
| &nbsp;&nbsp;&nbsp; 2490750, 5.397%, 6/27/2021 †x¶#^ | Square | 12/31/2019 | 2731 | 2526 | 202 |
| &nbsp;&nbsp;&nbsp; 2491359, 5.547%, 6/27/2021 †x¶#^ | Square | 12/31/2019 | 495 | 457 | 37 |
| &nbsp;&nbsp;&nbsp; 2493576, 4.621%, 6/29/2021 †x¶#^ | Square | 1/02/2020 | 1219 | 1140 | 90 |
| &nbsp;&nbsp;&nbsp; 2494765, 3.973%, 6/30/2021 †x¶#^ | Square | 1/02/2020 | 296 | 280 | 22 |
| &nbsp;&nbsp;&nbsp; 2494863, 5.079%, 6/30/2021 †x¶#^ | Square | 1/02/2020 | 25165 | 23624 | 1862 |
| &nbsp;&nbsp;&nbsp; 2495726739, 26.532%, 8/01/2025 †x¥#^ | Stripe | 2/06/2024 | 8542 | 8884 | 427 |
| &nbsp;&nbsp;&nbsp; 2497807613, 18.095%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 1325 | 1391 | 1393 |
| &nbsp;&nbsp;&nbsp; 2498139, 5.238%, 6/30/2021 †x¶#^ | Square | 1/02/2020 | 968 | 898 | 72 |
| &nbsp;&nbsp;&nbsp; 2498545233, 26.529%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 5022 | 5273 | 5287 |
| &nbsp;&nbsp;&nbsp; 2498614, 3.970%, 6/30/2021 †x¶#^ | Square | 1/03/2020 | 3514 | 3316 | 260 |
| &nbsp;&nbsp;&nbsp; 2498898, 3.969%, 6/30/2021 †x¶#^ | Square | 1/03/2020 | 5441 | 5136 | 403 |
| &nbsp;&nbsp;&nbsp; 2498910, 5.714%, 6/30/2021 †x¶#^ | Square | 1/03/2020 | 3800 | 3500 | 281 |
| &nbsp;&nbsp;&nbsp; 2500343, 5.237%, 6/30/2021 †x¶#^ | Square | 1/03/2020 | 5710 | 5294 | 423 |
| &nbsp;&nbsp;&nbsp; 2501602, 5.239%, 6/30/2021 †x¶#^ | Square | 1/03/2020 | 19709 | 18309 | 1458 |
| &nbsp;&nbsp;&nbsp; 2503212, 3.968%, 7/01/2021 †x¶#^ | Square | 1/06/2020 | 2437 | 2300 | 180 |
| &nbsp;&nbsp;&nbsp; 2504395, 5.245%, 7/02/2021 †x¶#^ | Square | 1/06/2020 | 1367 | 1268 | 101 |
| &nbsp;&nbsp;&nbsp; 2506316, 5.238%, 7/02/2021 †x¶#^ | Square | 1/06/2020 | 2417 | 2241 | 179 |
| &nbsp;&nbsp;&nbsp; 2507976, 5.553%, 7/03/2021 †x¶#^ | Square | 1/07/2020 | 1518 | 1402 | 112 |
| &nbsp;&nbsp;&nbsp; 2508521, 5.238%, 7/03/2021 †x¶#^ | Square | 1/07/2020 | 370 | 343 | 27 |
| &nbsp;&nbsp;&nbsp; 2510141, 5.239%, 7/03/2021 †x¶#^ | Square | 1/07/2020 | 765 | 709 | 57 |
| &nbsp;&nbsp;&nbsp; 2511133661, 25.846%, 7/24/2026 †x¥ | Stripe | 1/28/2025 | 678 | 705 | 726 |
| &nbsp;&nbsp;&nbsp; 2511481, 5.714%, 7/04/2021 †x¶#^ | Square | 1/08/2020 | 792 | 729 | 59 |
| &nbsp;&nbsp;&nbsp; 2516558, 5.243%, 7/07/2021 †x¶#^ | Square | 1/09/2020 | 2045 | 1896 | 151 |
| &nbsp;&nbsp;&nbsp; 2517068372, 19.329%, 12/15/2026 †x¥ | Stripe | 6/20/2025 | 6370 | 6625 | 3553 |
| &nbsp;&nbsp;&nbsp; 2517773, 5.079%, 7/07/2021 †x¶#^ | Square | 1/09/2020 | 958 | 890 | 71 |
| &nbsp;&nbsp;&nbsp; 2517964449, 19.459%, 1/20/2025 †x¥#^ | Stripe | 11/29/2022 | 5623 | 5848 | 281 |
| &nbsp;&nbsp;&nbsp; 2519147621, 17.989%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 5116 | 5371 | 5391 |
| &nbsp;&nbsp;&nbsp; 251fcd86-6588-4350-8af4-7a8d61c03c30, 26.990%, 3/13/2024 †x#^ | Funding Circle | 9/17/2018 | 10623 | 10623 | 3187 |
| &nbsp;&nbsp;&nbsp; 2520977519, 25.859%, 10/27/2026 †x¥# | Stripe | 5/01/2025 | 4661 | 4848 | 882 |
| &nbsp;&nbsp;&nbsp; 2525413, 3.941%, 7/09/2021 †x¶#^ | Square | 1/13/2020 | 782 | 738 | 58 |
| &nbsp;&nbsp;&nbsp; 2525918212, 22.667%, 12/16/2024 †x¥#^ | Stripe | 10/14/2022 | 4723 | 4912 | 236 |
| &nbsp;&nbsp;&nbsp; 2526748, 4.558%, 7/10/2021 †x¶#^ | Square | 1/14/2020 | 325 | 304 | 24 |
| &nbsp;&nbsp;&nbsp; 2527245, 3.305%, 7/10/2021 †x¶#^ | Square | 1/14/2020 | 7122 | 6785 | 527 |
| &nbsp;&nbsp;&nbsp; 2527252, 4.874%, 7/10/2021 †x¶#^ | Square | 1/14/2020 | 889 | 829 | 66 |
| &nbsp;&nbsp;&nbsp; 2527290, 3.774%, 7/10/2021 †x¶#^ | Square | 1/14/2020 | 713 | 675 | 53 |
| &nbsp;&nbsp;&nbsp; 25273902, 26.533%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 33516 | 35192 | 35206 |
| &nbsp;&nbsp;&nbsp; 2529174813, 18.933%, 5/16/2023 †x¥#^ | Stripe | 11/18/2021 | 905 | 942 | 45 |
| &nbsp;&nbsp;&nbsp; 2529376761, 26.522%, 10/17/2025 †x¥#^ | Stripe | 8/08/2023 | 2414 | 2511 | 121 |
| &nbsp;&nbsp;&nbsp; 2529576254, 16.267%, 12/23/2026 †x¥ | Stripe | 6/27/2025 | 2310 | 2402 | 2440 |
| &nbsp;&nbsp;&nbsp; 2530145, 3.774%, 7/11/2021 †x¶#^ | Square | 1/15/2020 | 5960 | 5641 | 441 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6128** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2532111, 4.568%, 7/13/2021 †x¶#^ | Square | 1/15/2020 | $892 | $835 | $66 |
| &nbsp;&nbsp;&nbsp; 2533239, 5.031%, 7/13/2021 †x¶#^ | Square | 1/15/2020 | 189 | 176 | 14 |
| &nbsp;&nbsp;&nbsp; 2533587, 3.932%, 7/13/2021 †x¶#^ | Square | 1/15/2020 | 5153 | 4866 | 381 |
| &nbsp;&nbsp;&nbsp; 2534135, 3.931%, 7/13/2021 †x¶#^ | Square | 1/15/2020 | 498 | 470 | 37 |
| &nbsp;&nbsp;&nbsp; 2534410, 4.403%, 7/13/2021 †x¶#^ | Square | 1/15/2020 | 6328 | 5936 | 468 |
| &nbsp;&nbsp;&nbsp; 2534494, 4.560%, 7/13/2021 †x¶#^ | Square | 1/15/2020 | 10354 | 9691 | 766 |
| &nbsp;&nbsp;&nbsp; 2541578700, 26.495%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | 1215 | 1263 | 1283 |
| &nbsp;&nbsp;&nbsp; 2544878986, 22.122%, 3/28/2025 †x¥#^ | Stripe | 10/03/2023 | 2226 | 2315 | 111 |
| &nbsp;&nbsp;&nbsp; 25470756, 23.865%, 6/03/2025 †x¥#^ | Stripe | 12/07/2023 | 42248 | 43937 | 2112 |
| &nbsp;&nbsp;&nbsp; 2551069661, 16.000%, 12/22/2026 †x¥# | Stripe | 6/26/2025 | 1876 | 1951 | 505 |
| &nbsp;&nbsp;&nbsp; 2553008913, 19.599%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 85085 | 89339 | 89340 |
| &nbsp;&nbsp;&nbsp; 2554418991, 26.485%, 1/22/2025 †x¥#^ | Stripe | 7/28/2023 | 615 | 640 | 31 |
| &nbsp;&nbsp;&nbsp; 2561267314, 17.333%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 26100 | 27405 | 27405 |
| &nbsp;&nbsp;&nbsp; 2562113739, 26.533%, 8/22/2026 †x¥# | Stripe | 2/26/2025 | 206 | 214 | 59 |
| &nbsp;&nbsp;&nbsp; 2566608, 4.560%, 7/25/2021 †x¶#^ | Square | 1/29/2020 | 2493 | 2334 | 185 |
| &nbsp;&nbsp;&nbsp; 2566918711, 20.000%, 12/20/2024 †x¥#^ | Stripe | 6/27/2023 | 8390 | 8726 | 419 |
| &nbsp;&nbsp;&nbsp; 2567933, 4.403%, 7/27/2021 †x¶#^ | Square | 1/29/2020 | 8109 | 7606 | 600 |
| &nbsp;&nbsp;&nbsp; 2568555798, 26.444%, 2/06/2027 †x¥ | Stripe | 8/13/2025 | 788 | 820 | 827 |
| &nbsp;&nbsp;&nbsp; 2571179009, 26.533%, 7/09/2026 †x¥# | Stripe | 1/13/2025 | 506 | 526 | 97 |
| &nbsp;&nbsp;&nbsp; 2573890415, 16.000%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 62192 | 65301 | 65338 |
| &nbsp;&nbsp;&nbsp; 2576239308, 25.600%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 4565 | 4748 | 4784 |
| &nbsp;&nbsp;&nbsp; 257936127, 20.928%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 1712 | 1781 | 86 |
| &nbsp;&nbsp;&nbsp; 2580784, 4.107%, 7/30/2021 †x¶#^ | Square | 2/03/2020 | 53815 | 50692 | 3982 |
| &nbsp;&nbsp;&nbsp; 2582526824, 25.333%, 10/04/2024 †x¥#^ | Stripe | 4/11/2023 | 3312 | 3444 | 166 |
| &nbsp;&nbsp;&nbsp; 2582781, 5.210%, 7/31/2021 †x¶#^ | Square | 2/04/2020 | 638 | 592 | 47 |
| &nbsp;&nbsp;&nbsp; 2583344, 4.739%, 7/31/2021 †x¶#^ | Square | 2/04/2020 | 1183 | 1104 | 88 |
| &nbsp;&nbsp;&nbsp; 2584475795, 20.799%, 8/17/2024 †x¥#^ | Stripe | 2/23/2023 | 2122 | 2207 | 106 |
| &nbsp;&nbsp;&nbsp; 2587926727, 15.200%, 11/22/2022 †x¥#^ | Stripe | 5/27/2021 | 397 | 413 | 20 |
| &nbsp;&nbsp;&nbsp; 2588359023, 19.199%, 8/09/2024 †x¥#^ | Stripe | 2/14/2023 | 5119 | 5320 | 256 |
| &nbsp;&nbsp;&nbsp; 2588551, 4.739%, 8/03/2021 †x¶#^ | Square | 2/05/2020 | 729 | 680 | 54 |
| &nbsp;&nbsp;&nbsp; 2589370486, 26.528%, 5/30/2026 †x¥# | Stripe | 12/04/2024 | 1831 | 1904 | 92 |
| &nbsp;&nbsp;&nbsp; 2589435603, 18.118%, 3/04/2024 †x¥#^ | Stripe | 12/14/2021 | 1499 | 1559 | 75 |
| &nbsp;&nbsp;&nbsp; 2590261, 4.282%, 8/03/2021 †x¶#^ | Square | 2/05/2020 | 652 | 612 | 48 |
| &nbsp;&nbsp;&nbsp; 2591932, 4.587%, 8/04/2021 †x¶#^ | Square | 2/06/2020 | 522 | 489 | 39 |
| &nbsp;&nbsp;&nbsp; 2592612, 3.635%, 8/04/2021 †x¶#^ | Square | 2/06/2020 | 3328 | 3156 | 246 |
| &nbsp;&nbsp;&nbsp; 2592617, 5.371%, 8/04/2021 †x¶#^ | Square | 2/06/2020 | 591 | 547 | 44 |
| &nbsp;&nbsp;&nbsp; 2592899476, 24.000%, 8/05/2026 †x¥ | Stripe | 2/07/2025 | 129 | 134 | 139 |
| &nbsp;&nbsp;&nbsp; 2592919, 4.270%, 8/04/2021 †x¶#^ | Square | 2/06/2020 | 2090 | 1964 | 155 |
| &nbsp;&nbsp;&nbsp; 2593141, 4.739%, 8/04/2021 †x¶#^ | Square | 2/06/2020 | 1208 | 1128 | 89 |
| &nbsp;&nbsp;&nbsp; 25936838, 26.532%, 2/17/2025 †x¥#^ | Stripe | 6/26/2023 | 7304 | 7596 | 365 |
| &nbsp;&nbsp;&nbsp; 2594381, 4.906%, 8/04/2021 †x¶#^ | Square | 2/06/2020 | 2344 | 2184 | 173 |
| &nbsp;&nbsp;&nbsp; 2595656, 4.897%, 8/05/2021 †x¶#^ | Square | 2/07/2020 | 7469 | 6958 | 553 |
| &nbsp;&nbsp;&nbsp; 2595875, 4.739%, 8/05/2021 †x¶#^ | Square | 2/07/2020 | 1473 | 1375 | 109 |
| &nbsp;&nbsp;&nbsp; 2597001793, 19.733%, 6/01/2024 †x¥#^ | Stripe | 12/07/2022 | 1149 | 1195 | 57 |
| &nbsp;&nbsp;&nbsp; 2598072, 4.248%, 8/05/2021 †x¶#^ | Square | 2/07/2020 | 324 | 304 | 24 |
| &nbsp;&nbsp;&nbsp; 2598232, 4.898%, 8/05/2021 †x¶#^ | Square | 2/07/2020 | 2220 | 2068 | 164 |
| &nbsp;&nbsp;&nbsp; 2598574, 4.897%, 8/05/2021 †x¶#^ | Square | 2/07/2020 | 1828 | 1703 | 135 |
| &nbsp;&nbsp;&nbsp; 2601083, 4.902%, 8/06/2021 †x¶#^ | Square | 2/10/2020 | 1689 | 1573 | 125 |
| &nbsp;&nbsp;&nbsp; 2601394, 4.897%, 8/06/2021 †x¶#^ | Square | 2/10/2020 | 1400 | 1304 | 104 |
| &nbsp;&nbsp;&nbsp; 2602500, 5.224%, 8/06/2021 †x¶#^ | Square | 2/10/2020 | 1465 | 1358 | 108 |
| &nbsp;&nbsp;&nbsp; 2604856, 5.068%, 8/07/2021 †x¶#^ | Square | 2/11/2020 | 1323 | 1230 | 98 |
| &nbsp;&nbsp;&nbsp; 2605336, 5.217%, 8/07/2021 †x¶#^ | Square | 2/11/2020 | 4381 | 4063 | 324 |
| &nbsp;&nbsp;&nbsp; 2605675, 4.909%, 8/07/2021 †x¶#^ | Square | 2/11/2020 | 1617 | 1506 | 120 |
| &nbsp;&nbsp;&nbsp; 2605956, 4.880%, 8/07/2021 †x¶#^ | Square | 2/11/2020 | 69 | 64 | 5 |
| &nbsp;&nbsp;&nbsp; 2606099, 4.256%, 8/07/2021 †x¶#^ | Square | 2/11/2020 | 1243 | 1168 | 92 |
| &nbsp;&nbsp;&nbsp; 2608437877, 25.600%, 1/05/2027 †x¥# | Stripe | 7/10/2025 | 2434 | 2531 | 995 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6129** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2609612, 3.602%, 8/10/2021 †x¶#^ | Square | 2/12/2020 | $174 | $165 | $13 |
| &nbsp;&nbsp;&nbsp; 2609661222, 20.667%, 9/23/2025 †x¥#^ | Stripe | 3/28/2024 | 1029 | 1070 | 51 |
| &nbsp;&nbsp;&nbsp; 2610335758, 19.458%, 10/04/2024 †x¥#^ | Stripe | 4/11/2023 | 916 | 953 | 46 |
| &nbsp;&nbsp;&nbsp; 2610717, 4.739%, 8/10/2021 †x¶#^ | Square | 2/12/2020 | 2677 | 2499 | 198 |
| &nbsp;&nbsp;&nbsp; 2611673, 3.633%, 8/10/2021 †x¶#^ | Square | 2/12/2020 | 548 | 519 | 41 |
| &nbsp;&nbsp;&nbsp; 2617305, 4.895%, 8/12/2021 †x¶#^ | Square | 2/14/2020 | 2759 | 2570 | 204 |
| &nbsp;&nbsp;&nbsp; 2618007031, 26.526%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 1566 | 1644 | 1648 |
| &nbsp;&nbsp;&nbsp; 2618393, 3.633%, 8/12/2021 †x¶#^ | Square | 2/14/2020 | 2392 | 2268 | 177 |
| &nbsp;&nbsp;&nbsp; 262035522, 26.303%, 3/19/2025 †x¥#^ | Stripe | 9/22/2023 | 296 | 308 | 15 |
| &nbsp;&nbsp;&nbsp; 2622250, 5.225%, 8/13/2021 †x¶#^ | Square | 2/18/2020 | 1228 | 1139 | 91 |
| &nbsp;&nbsp;&nbsp; 2622364, 5.371%, 8/13/2021 †x¶#^ | Square | 2/18/2020 | 2071 | 1917 | 153 |
| &nbsp;&nbsp;&nbsp; 2623248, 4.739%, 8/13/2021 †x¶#^ | Square | 2/18/2020 | 668 | 624 | 49 |
| &nbsp;&nbsp;&nbsp; 2623661, 4.707%, 8/13/2021 †x¶#^ | Square | 2/18/2020 | 939 | 877 | 69 |
| &nbsp;&nbsp;&nbsp; 2624106, 4.591%, 8/13/2021 †x¶#^ | Square | 2/18/2020 | 201 | 188 | 15 |
| &nbsp;&nbsp;&nbsp; 2624648, 5.371%, 8/13/2021 †x¶#^ | Square | 2/18/2020 | 1631 | 1510 | 121 |
| &nbsp;&nbsp;&nbsp; 2626479682, 19.600%, 10/01/2024 †x¥#^ | Stripe | 4/06/2023 | 16273 | 16924 | 814 |
| &nbsp;&nbsp;&nbsp; 2627101534, 23.198%, 4/21/2023 †x¥#^ | Stripe | 10/26/2021 | 1530 | 1591 | 76 |
| &nbsp;&nbsp;&nbsp; 2627835, 4.866%, 8/14/2021 †x¶#^ | Square | 2/19/2020 | 495 | 461 | 37 |
| &nbsp;&nbsp;&nbsp; 2628594, 4.403%, 8/15/2021 †x¶#^ | Square | 2/20/2020 | 1443 | 1353 | 107 |
| &nbsp;&nbsp;&nbsp; 2629114, 4.739%, 8/15/2021 †x¶#^ | Square | 2/20/2020 | 4523 | 4223 | 335 |
| &nbsp;&nbsp;&nbsp; 2629258, 4.545%, 8/15/2021 †x¶#^ | Square | 2/20/2020 | 155 | 145 | 11 |
| &nbsp;&nbsp;&nbsp; 2629381, 4.902%, 8/16/2021 †x¶#^ | Square | 2/20/2020 | 4441 | 4137 | 329 |
| &nbsp;&nbsp;&nbsp; 2629434050, 24.000%, 10/18/2023 †x¥#^ | Stripe | 4/22/2022 | 3500 | 3640 | 175 |
| &nbsp;&nbsp;&nbsp; 2629854, 4.403%, 8/16/2021 †x¶#^ | Square | 2/20/2020 | 1292 | 1212 | 96 |
| &nbsp;&nbsp;&nbsp; 2630137, 4.570%, 8/17/2021 †x¶#^ | Square | 2/20/2020 | 2043 | 1912 | 151 |
| &nbsp;&nbsp;&nbsp; 2630203, 3.928%, 8/17/2021 †x¶#^ | Square | 2/20/2020 | 3304 | 3120 | 245 |
| &nbsp;&nbsp;&nbsp; 2630682, 4.892%, 8/17/2021 †x¶#^ | Square | 2/20/2020 | 994 | 926 | 74 |
| &nbsp;&nbsp;&nbsp; 2631117, 4.562%, 8/17/2021 †x¶#^ | Square | 2/20/2020 | 9739 | 9115 | 721 |
| &nbsp;&nbsp;&nbsp; 2632182, 3.309%, 8/18/2021 †x¶#^ | Square | 2/20/2020 | 2748 | 2618 | 203 |
| &nbsp;&nbsp;&nbsp; 2632310271, 23.054%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 4264 | 4435 | 213 |
| &nbsp;&nbsp;&nbsp; 2634111, 3.906%, 8/18/2021 †x¶#^ | Square | 2/20/2020 | 237 | 223 | 18 |
| &nbsp;&nbsp;&nbsp; 2638336, 4.897%, 8/19/2021 †x¶#^ | Square | 2/21/2020 | 36305 | 33820 | 2687 |
| &nbsp;&nbsp;&nbsp; 2639156, 5.031%, 8/19/2021 †x¶#^ | Square | 2/21/2020 | 9844 | 9154 | 728 |
| &nbsp;&nbsp;&nbsp; 2640236, 4.739%, 8/20/2021 †x¶#^ | Square | 2/24/2020 | 7839 | 7319 | 580 |
| &nbsp;&nbsp;&nbsp; 2640349, 4.903%, 8/20/2021 †x¶#^ | Square | 2/24/2020 | 1856 | 1729 | 137 |
| &nbsp;&nbsp;&nbsp; 2640565, 5.217%, 8/20/2021 †x¶#^ | Square | 2/24/2020 | 2967 | 2752 | 220 |
| &nbsp;&nbsp;&nbsp; 2640964, 3.774%, 8/20/2021 †x¶#^ | Square | 2/24/2020 | 5403 | 5114 | 400 |
| &nbsp;&nbsp;&nbsp; 2641065, 4.565%, 8/20/2021 †x¶#^ | Square | 2/24/2020 | 1294 | 1211 | 96 |
| &nbsp;&nbsp;&nbsp; 2641708, 4.558%, 8/20/2021 †x¶#^ | Square | 2/24/2020 | 7166 | 6708 | 530 |
| &nbsp;&nbsp;&nbsp; 2641894, 3.330%, 8/20/2021 †x¶#^ | Square | 2/24/2020 | 553 | 527 | 41 |
| &nbsp;&nbsp;&nbsp; 2644658251, 12.800%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 12992 | 13641 | 13663 |
| &nbsp;&nbsp;&nbsp; 2645116, 5.371%, 8/21/2021 †x¶#^ | Square | 2/25/2020 | 1577 | 1459 | 117 |
| &nbsp;&nbsp;&nbsp; 2645419, 3.633%, 8/21/2021 †x¶#^ | Square | 2/25/2020 | 1760 | 1669 | 130 |
| &nbsp;&nbsp;&nbsp; 2645462, 4.912%, 8/21/2021 †x¶#^ | Square | 2/25/2020 | 281 | 262 | 21 |
| &nbsp;&nbsp;&nbsp; 2645597, 5.057%, 8/21/2021 †x¶#^ | Square | 2/25/2020 | 5616 | 5220 | 416 |
| &nbsp;&nbsp;&nbsp; 2646063007, 20.889%, 9/12/2026 †x¥# | Stripe | 3/19/2025 | 1200 | 1248 | 226 |
| &nbsp;&nbsp;&nbsp; 2649915470, 26.520%, 7/02/2025 †x¥#^ | Stripe | 1/05/2024 | 5883 | 6118 | 294 |
| &nbsp;&nbsp;&nbsp; 2651818, 4.901%, 8/25/2021 †x¶#^ | Square | 2/27/2020 | 2368 | 2205 | 175 |
| &nbsp;&nbsp;&nbsp; 2651908642, 20.796%, 6/15/2024 †x¥#^ | Stripe | 12/21/2022 | 4225 | 4394 | 211 |
| &nbsp;&nbsp;&nbsp; 2651980, 5.223%, 8/25/2021 †x¶#^ | Square | 2/27/2020 | 366 | 340 | 27 |
| &nbsp;&nbsp;&nbsp; 2652702, 4.906%, 8/25/2021 †x¶#^ | Square | 2/27/2020 | 1009 | 940 | 75 |
| &nbsp;&nbsp;&nbsp; 2654367751, 15.192%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 12846 | 13488 | 13497 |
| &nbsp;&nbsp;&nbsp; 2654865, 4.899%, 8/25/2021 †x¶#^ | Square | 2/27/2020 | 8906 | 8296 | 659 |
| &nbsp;&nbsp;&nbsp; 2655066, 4.909%, 8/25/2021 †x¶#^ | Square | 2/27/2020 | 2093 | 1950 | 155 |
| &nbsp;&nbsp;&nbsp; 2655413, 4.280%, 8/25/2021 †x¶#^ | Square | 2/27/2020 | 819 | 770 | 61 |
| &nbsp;&nbsp;&nbsp; 2657315, 4.273%, 8/26/2021 †x¶#^ | Square | 2/28/2020 | 203 | 193 | 15 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6130** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2658022, 4.297%, 8/26/2021 †x¶#^ | Square | 2/28/2020 | $349 | $328 | $26 |
| &nbsp;&nbsp;&nbsp; 2659119, 4.745%, 8/26/2021 †x¶#^ | Square | 2/28/2020 | 1639 | 1532 | 121 |
| &nbsp;&nbsp;&nbsp; 2664283024, 18.133%, 12/30/2026 †x¥ | Stripe | 7/07/2025 | 42 | 44 | 47 |
| &nbsp;&nbsp;&nbsp; 2665665555, 23.167%, 10/25/2024 †x¥#^ | Stripe | 5/02/2023 | 870 | 905 | 44 |
| &nbsp;&nbsp;&nbsp; 2666364, 4.898%, 8/28/2021 †x¶#^ | Square | 3/03/2020 | 15223 | 14218 | 1126 |
| &nbsp;&nbsp;&nbsp; 2667369403, 22.259%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 12993 | 13643 | 13677 |
| &nbsp;&nbsp;&nbsp; 2668052, 5.371%, 8/28/2021 †x¶#^ | Square | 3/03/2020 | 1031 | 954 | 76 |
| &nbsp;&nbsp;&nbsp; 2668698, 4.897%, 8/29/2021 †x¶#^ | Square | 3/04/2020 | 1901 | 1771 | 141 |
| &nbsp;&nbsp;&nbsp; 2668867, 4.896%, 8/29/2021 †x¶#^ | Square | 3/04/2020 | 10176 | 9479 | 753 |
| &nbsp;&nbsp;&nbsp; 2669370, 3.633%, 9/01/2021 †x¶#^ | Square | 3/04/2020 | 1068 | 1013 | 79 |
| &nbsp;&nbsp;&nbsp; 2669776090, 25.593%, 12/12/2026 †x¥ | Stripe | 6/18/2025 | 1364 | 1419 | 1446 |
| &nbsp;&nbsp;&nbsp; 2670023, 4.107%, 9/01/2021 †x¶#^ | Square | 3/04/2020 | 1703 | 1604 | 126 |
| &nbsp;&nbsp;&nbsp; 2671399, 4.739%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 20616 | 19247 | 1526 |
| &nbsp;&nbsp;&nbsp; 2671895, 4.739%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 2810 | 2624 | 208 |
| &nbsp;&nbsp;&nbsp; 2672027, 4.739%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 10552 | 9851 | 781 |
| &nbsp;&nbsp;&nbsp; 2672045972, 20.131%, 12/01/2025 †x¥#^ | Stripe | 9/22/2023 | 29722 | 30911 | 1486 |
| &nbsp;&nbsp;&nbsp; 2672073, 4.901%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 1520 | 1475 | 112 |
| &nbsp;&nbsp;&nbsp; 2672192, 4.739%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 7094 | 6623 | 525 |
| &nbsp;&nbsp;&nbsp; 2673212, 4.892%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 978 | 912 | 72 |
| &nbsp;&nbsp;&nbsp; 2673568, 5.371%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 155 | 144 | 12 |
| &nbsp;&nbsp;&nbsp; 2673804, 3.640%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 3080 | 2920 | 228 |
| &nbsp;&nbsp;&nbsp; 2674150, 4.897%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 957 | 891 | 71 |
| &nbsp;&nbsp;&nbsp; 2674342, 4.897%, 9/02/2021 †x¶#^ | Square | 3/04/2020 | 2206 | 2055 | 163 |
| &nbsp;&nbsp;&nbsp; 2676058, 4.866%, 9/03/2021 †x¶#^ | Square | 3/05/2020 | 606 | 564 | 45 |
| &nbsp;&nbsp;&nbsp; 2676108176, 26.510%, 8/12/2025 †x¥#^ | Stripe | 2/15/2024 | 1457 | 1516 | 73 |
| &nbsp;&nbsp;&nbsp; 2677911121, 20.778%, 10/21/2026 †x¥ | Stripe | 4/25/2025 | 89 | 93 | 95 |
| &nbsp;&nbsp;&nbsp; 2678150, 5.058%, 9/03/2021 †x¶#^ | Square | 3/05/2020 | 4134 | 3842 | 306 |
| &nbsp;&nbsp;&nbsp; 2678636497, 11.066%, 7/24/2024 †x¥#^ | Stripe | 1/27/2023 | 28178 | 29305 | 1409 |
| &nbsp;&nbsp;&nbsp; 2680075, 4.906%, 9/04/2021 †x¶#^ | Square | 3/06/2020 | 448 | 417 | 33 |
| &nbsp;&nbsp;&nbsp; 2681719824, 26.510%, 5/06/2025 †x¥#^ | Stripe | 11/09/2023 | 1184 | 1231 | 59 |
| &nbsp;&nbsp;&nbsp; 2684377, 3.633%, 9/05/2021 †x¶#^ | Square | 3/09/2020 | 1696 | 1608 | 126 |
| &nbsp;&nbsp;&nbsp; 2684664555, 24.933%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 15721 | 16507 | 16528 |
| &nbsp;&nbsp;&nbsp; 2687126, 4.739%, 9/05/2021 †x¶#^ | Square | 3/09/2020 | 3366 | 3143 | 249 |
| &nbsp;&nbsp;&nbsp; 2688404, 5.217%, 9/06/2021 †x¶#^ | Square | 3/10/2020 | 2903 | 2692 | 215 |
| &nbsp;&nbsp;&nbsp; 2689045, 3.632%, 9/06/2021 †x¶#^ | Square | 3/10/2020 | 6242 | 5919 | 462 |
| &nbsp;&nbsp;&nbsp; 2689337, 3.630%, 9/06/2021 †x¶#^ | Square | 3/10/2020 | 1364 | 1293 | 101 |
| &nbsp;&nbsp;&nbsp; 2690254465, 25.866%, 7/08/2027 †x¥# | Stripe | 5/08/2025 | 41861 | 43536 | 16707 |
| &nbsp;&nbsp;&nbsp; 2690805, 4.739%, 9/06/2021 †x¶#^ | Square | 3/10/2020 | 22922 | 21418 | 1696 |
| &nbsp;&nbsp;&nbsp; 2691094, 5.213%, 9/06/2021 †x¶#^ | Square | 3/10/2020 | 1264 | 1172 | 94 |
| &nbsp;&nbsp;&nbsp; 2692858213, 18.790%, 10/07/2026 †x¥ | Stripe | 4/11/2025 | 2321 | 2414 | 2448 |
| &nbsp;&nbsp;&nbsp; 2694725123, 22.667%, 4/23/2024 †x¥#^ | Stripe | 10/27/2022 | 31741 | 33011 | 1587 |
| &nbsp;&nbsp;&nbsp; 2695979, 4.742%, 9/09/2021 †x¶#^ | Square | 3/11/2020 | 5416 | 5056 | 401 |
| &nbsp;&nbsp;&nbsp; 2698218256, 25.571%, 2/10/2027 †x¥ | Stripe | 8/15/2025 | 1401 | 1457 | 811 |
| &nbsp;&nbsp;&nbsp; 2700876114, 26.444%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 178 | 185 | 189 |
| &nbsp;&nbsp;&nbsp; 2703866488, 25.600%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 21731 | 22817 | 22981 |
| &nbsp;&nbsp;&nbsp; 2704438, 4.929%, 9/11/2021 †x¶#^ | Square | 3/13/2020 | 580 | 540 | 43 |
| &nbsp;&nbsp;&nbsp; 2704454675, 26.525%, 1/13/2026 †x¥#^ | Stripe | 7/18/2024 | 2289 | 2381 | 114 |
| &nbsp;&nbsp;&nbsp; 2704561, 4.261%, 9/11/2021 †x¶#^ | Square | 3/13/2020 | 3107 | 2920 | 230 |
| &nbsp;&nbsp;&nbsp; 2706532, 5.055%, 9/12/2021 †x¶#^ | Square | 3/16/2020 | 24057 | 22361 | 1780 |
| &nbsp;&nbsp;&nbsp; 2707862, 4.739%, 9/12/2021 †x¶#^ | Square | 3/16/2020 | 4868 | 4545 | 360 |
| &nbsp;&nbsp;&nbsp; 2710070, 4.258%, 9/13/2021 †x¶#^ | Square | 3/17/2020 | 784 | 737 | 58 |
| &nbsp;&nbsp;&nbsp; 2710096, 4.900%, 9/13/2021 †x¶#^ | Square | 3/17/2020 | 2544 | 2370 | 188 |
| &nbsp;&nbsp;&nbsp; 2710213, 4.739%, 9/13/2021 †x¶#^ | Square | 3/17/2020 | 18871 | 17627 | 1396 |
| &nbsp;&nbsp;&nbsp; 2712544, 4.107%, 9/15/2021 †x¶#^ | Square | 3/18/2020 | 546 | 515 | 40 |
| &nbsp;&nbsp;&nbsp; 2713495365, 16.131%, 5/26/2026 †x¥# | Stripe | 11/29/2024 | 14806 | 15398 | 2729 |
| &nbsp;&nbsp;&nbsp; 2714759357, 19.304%, 12/10/2026 †x¥# | Stripe | 6/16/2025 | 1965 | 2043 | 357 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6131** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2715552, 3.632%, 9/17/2021 †x¶#^ | Square | 3/19/2020 | $12211 | $11580 | $904 |
| &nbsp;&nbsp;&nbsp; 2718279, 5.213%, 9/20/2021 †x¶#^ | Square | 3/24/2020 | 4268 | 3959 | 316 |
| &nbsp;&nbsp;&nbsp; 2719899197, 16.666%, 6/26/2024 †x¥#^ | Stripe | 12/30/2022 | 22150 | 23036 | 1108 |
| &nbsp;&nbsp;&nbsp; 2721880756, 17.333%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 24206 | 25417 | 25435 |
| &nbsp;&nbsp;&nbsp; 2721985896, 26.000%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 967 | 1015 | 1015 |
| &nbsp;&nbsp;&nbsp; 2724191067, 18.256%, 8/15/2023 †x¥#^ | Stripe | 2/17/2022 | 3498 | 3638 | 175 |
| &nbsp;&nbsp;&nbsp; 2727076239, 25.333%, 2/03/2024 †x¥#^ | Stripe | 8/10/2022 | 5241 | 5451 | 262 |
| &nbsp;&nbsp;&nbsp; 2728943114, 26.526%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 330 | 344 | 351 |
| &nbsp;&nbsp;&nbsp; 2730846259, 20.133%, 10/17/2024 †x¥#^ | Stripe | 4/24/2023 | 5917 | 6154 | 296 |
| &nbsp;&nbsp;&nbsp; 273367270, 21.197%, 10/29/2025 †x¥#^ | Stripe | 5/03/2024 | 6551 | 6813 | 328 |
| &nbsp;&nbsp;&nbsp; 2735925608, 26.531%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 3260 | 3390 | 3455 |
| &nbsp;&nbsp;&nbsp; 2737132691, 20.800%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 2222 | 2311 | 2348 |
| &nbsp;&nbsp;&nbsp; 2739762312, 23.062%, 1/15/2025 †x¥#^ | Stripe | 5/24/2023 | 721 | 750 | 36 |
| &nbsp;&nbsp;&nbsp; 2740686081, 16.264%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 6694 | 7028 | 7047 |
| &nbsp;&nbsp;&nbsp; 275187579, 15.985%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 4508 | 4734 | 4742 |
| &nbsp;&nbsp;&nbsp; 2751977919, 26.519%, 1/20/2026 †x¥#^ | Stripe | 7/25/2024 | 4181 | 4349 | 209 |
| &nbsp;&nbsp;&nbsp; 2754089100, 26.525%, 4/28/2026 †x¥# | Stripe | 10/31/2024 | 3406 | 3542 | 170 |
| &nbsp;&nbsp;&nbsp; 2755069653, 16.000%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 3412 | 3583 | 3595 |
| &nbsp;&nbsp;&nbsp; 2756790051, 16.000%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 102804 | 107944 | 108172 |
| &nbsp;&nbsp;&nbsp; 275704969, 22.244%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 3638 | 3820 | 3830 |
| &nbsp;&nbsp;&nbsp; 2757509193, 26.532%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 7397 | 7766 | 7791 |
| &nbsp;&nbsp;&nbsp; 2762189659, 18.000%, 12/26/2026 †x¥ | Stripe | 7/02/2025 | 960 | 999 | 1017 |
| &nbsp;&nbsp;&nbsp; 2762766619, 24.000%, 11/14/2023 †x¥#^ | Stripe | 5/19/2022 | 1381 | 1436 | 69 |
| &nbsp;&nbsp;&nbsp; 276293323, 16.261%, 12/29/2026 †x¥ | Stripe | 7/03/2025 | 962 | 1000 | 1015 |
| &nbsp;&nbsp;&nbsp; 277457790, 22.000%, 10/29/2024 †x¥#^ | Stripe | 5/04/2023 | 7988 | 8308 | 399 |
| &nbsp;&nbsp;&nbsp; 2781291804, 24.092%, 1/31/2024 †x¥#^ | Stripe | 6/08/2022 | 122 | 126 | 6 |
| &nbsp;&nbsp;&nbsp; 2781537690, 26.424%, 2/05/2027 †x¥ | Stripe | 8/12/2025 | 333 | 346 | 352 |
| &nbsp;&nbsp;&nbsp; 2782496211, 20.400%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 55699 | 58484 | 58551 |
| &nbsp;&nbsp;&nbsp; 2784432542, 26.500%, 11/05/2026 †x¥# | Stripe | 5/12/2025 | 1807 | 1879 | 350 |
| &nbsp;&nbsp;&nbsp; 2784604711, 15.188%, 12/22/2026 †x¥ | Stripe | 6/26/2025 | 2689 | 2797 | 2837 |
| &nbsp;&nbsp;&nbsp; 2785548259, 23.332%, 8/15/2024 †x¥#^ | Stripe | 2/21/2023 | 45044 | 46846 | 2252 |
| &nbsp;&nbsp;&nbsp; 2786648525, 18.133%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 29500 | 30975 | 30995 |
| &nbsp;&nbsp;&nbsp; 2789630807, 22.133%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 2292 | 2383 | 115 |
| &nbsp;&nbsp;&nbsp; 2790202182, 10.928%, 3/13/2024 †x¥#^ | Stripe | 9/16/2022 | 3767 | 3917 | 188 |
| &nbsp;&nbsp;&nbsp; 2793259224, 23.590%, 10/14/2025 †x¥#^ | Stripe | 4/18/2024 | 4086 | 4250 | 204 |
| &nbsp;&nbsp;&nbsp; 2800042187, 20.397%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 2823 | 2936 | 2997 |
| &nbsp;&nbsp;&nbsp; 2803808032, 25.600%, 12/08/2026 †x¥# | Stripe | 6/12/2025 | 58532 | 60874 | 16403 |
| &nbsp;&nbsp;&nbsp; 2805656056, 18.533%, 1/16/2024 †x¥#^ | Stripe | 7/21/2022 | 6505 | 6766 | 325 |
| &nbsp;&nbsp;&nbsp; 2806163011, 22.393%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 343 | 357 | 368 |
| &nbsp;&nbsp;&nbsp; 2809638226, 21.980%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 2933 | 3051 | 147 |
| &nbsp;&nbsp;&nbsp; 2817825748, 25.333%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 133 | 138 | 7 |
| &nbsp;&nbsp;&nbsp; 2818192385, 16.127%, 9/11/2026 †x¥ | Stripe | 3/18/2025 | 4311 | 4483 | 4534 |
| &nbsp;&nbsp;&nbsp; 2820058021, 13.600%, 3/18/2025 †x¥#^ | Stripe | 9/21/2023 | 2522 | 2623 | 126 |
| &nbsp;&nbsp;&nbsp; 2820437134, 24.000%, 5/07/2023 †x¥#^ | Stripe | 9/10/2021 | 333 | 347 | 17 |
| &nbsp;&nbsp;&nbsp; 2821716391, 26.123%, 4/18/2026 †x¥# | Stripe | 10/23/2024 | 771 | 802 | 148 |
| &nbsp;&nbsp;&nbsp; 2822923860, 26.493%, 2/18/2026 †x¥#^ | Stripe | 8/23/2024 | 2300 | 2392 | 115 |
| &nbsp;&nbsp;&nbsp; 2826924143, 26.133%, 9/03/2026 †x¥# | Stripe | 3/10/2025 | 36484 | 37944 | 14823 |
| &nbsp;&nbsp;&nbsp; 2829607920, 18.667%, 12/25/2024 †x¥#^ | Stripe | 5/03/2023 | 21234 | 22083 | 1062 |
| &nbsp;&nbsp;&nbsp; 2831627994, 18.267%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 3716 | 3902 | 3907 |
| &nbsp;&nbsp;&nbsp; 2843823612, 26.523%, 5/07/2025 †x¥#^ | Stripe | 11/10/2023 | 2067 | 2150 | 103 |
| &nbsp;&nbsp;&nbsp; 2845415420, 22.525%, 4/24/2024 †x¥#^ | Stripe | 10/28/2022 | 305 | 317 | 15 |
| &nbsp;&nbsp;&nbsp; 2846065805, 20.527%, 11/21/2024 †x¥#^ | Stripe | 9/09/2022 | 5227 | 5436 | 261 |
| &nbsp;&nbsp;&nbsp; 2848337380, 19.333%, 10/27/2026 †x¥# | Stripe | 5/01/2025 | 3457 | 3596 | 635 |
| &nbsp;&nbsp;&nbsp; 2851278751, 21.064%, 8/05/2025 †x¥#^ | Stripe | 2/08/2024 | 6488 | 6747 | 324 |
| &nbsp;&nbsp;&nbsp; 2856706352, 21.730%, 9/25/2025 †x¥#^ | Stripe | 4/01/2024 | 435 | 452 | 22 |
| &nbsp;&nbsp;&nbsp; 28573094, 26.533%, 1/16/2026 †x¥#^ | Stripe | 7/23/2024 | 1691 | 1759 | 85 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6132** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2861803439, 19.467%, 6/17/2025 †x¥#^ | Stripe | 12/21/2023 | $7931 | $8249 | $397 |
| &nbsp;&nbsp;&nbsp; 2869306786, 21.600%, 2/14/2024 †x¥#^ | Stripe | 8/19/2022 | 3743 | 3893 | 187 |
| &nbsp;&nbsp;&nbsp; 2869586379, 13.997%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 17817 | 18708 | 18731 |
| &nbsp;&nbsp;&nbsp; 2869850866, 18.667%, 6/13/2026 †x¥ | Stripe | 12/18/2024 | 3860 | 4015 | 4074 |
| &nbsp;&nbsp;&nbsp; 28718283, 22.133%, 11/30/2024 †x¥#^ | Stripe | 6/07/2023 | 11139 | 11584 | 557 |
| &nbsp;&nbsp;&nbsp; 2873556971, 19.598%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 41590 | 43670 | 43822 |
| &nbsp;&nbsp;&nbsp; 2879284598, 17.857%, 8/07/2026 †x¥# | Stripe | 2/11/2025 | 2995 | 3115 | 818 |
| &nbsp;&nbsp;&nbsp; 2885067688, 16.262%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 4930 | 5127 | 5180 |
| &nbsp;&nbsp;&nbsp; 2887598900, 20.265%, 11/13/2024 †x¥#^ | Stripe | 4/20/2023 | 2381 | 2477 | 119 |
| &nbsp;&nbsp;&nbsp; 2891277405, 24.917%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 1600 | 1680 | 1680 |
| &nbsp;&nbsp;&nbsp; 2893523259, 26.489%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 1500 | 1575 | 1575 |
| &nbsp;&nbsp;&nbsp; 2895707336, 26.533%, 7/01/2026 †x¥ | Stripe | 1/06/2025 | 977 | 1016 | 1049 |
| &nbsp;&nbsp;&nbsp; 2898415336, 26.493%, 1/13/2026 †x¥#^ | Stripe | 7/18/2024 | 1488 | 1548 | 74 |
| &nbsp;&nbsp;&nbsp; 2898772006, 20.396%, 8/16/2024 †x¥#^ | Stripe | 2/22/2023 | 1555 | 1618 | 78 |
| &nbsp;&nbsp;&nbsp; 2898851854, 22.378%, 7/16/2026 †x¥# | Stripe | 1/21/2025 | 519 | 539 | 208 |
| &nbsp;&nbsp;&nbsp; 289949830, 25.067%, 9/17/2024 †x¥#^ | Stripe | 3/23/2023 | 3004 | 3125 | 150 |
| &nbsp;&nbsp;&nbsp; 2900181028, 19.861%, 5/09/2024 †x¥#^ | Stripe | 11/15/2022 | 6075 | 6318 | 304 |
| &nbsp;&nbsp;&nbsp; 2903921374, 20.384%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 4546 | 4773 | 4804 |
| &nbsp;&nbsp;&nbsp; 2904466348, 19.333%, 1/07/2027 †x¥# | Stripe | 7/14/2025 | 711 | 740 | 276 |
| &nbsp;&nbsp;&nbsp; 2904538567, 23.198%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 6678 | 6945 | 334 |
| &nbsp;&nbsp;&nbsp; 290909166, 26.516%, 6/11/2025 †x¥#^ | Stripe | 12/15/2023 | 5253 | 5463 | 263 |
| &nbsp;&nbsp;&nbsp; 2910550438, 22.250%, 11/06/2024 †x¥#^ | Stripe | 5/12/2023 | 965 | 1004 | 48 |
| &nbsp;&nbsp;&nbsp; 2915508047, 17.600%, 12/20/2026 †x¥ | Stripe | 4/25/2025 | 8590 | 8934 | 9022 |
| &nbsp;&nbsp;&nbsp; 291635538, 19.818%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 447 | 464 | 22 |
| &nbsp;&nbsp;&nbsp; 2925355796, 14.667%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 28500 | 29925 | 29925 |
| &nbsp;&nbsp;&nbsp; 2926326122, 26.528%, 12/04/2025 †x¥#^ | Stripe | 6/10/2024 | 6899 | 7175 | 345 |
| &nbsp;&nbsp;&nbsp; 2932275565, 19.588%, 9/14/2024 †x¥#^ | Stripe | 3/22/2023 | 550 | 572 | 28 |
| &nbsp;&nbsp;&nbsp; 2933488072, 20.392%, 1/13/2027 †x¥ | Stripe | 7/18/2025 | 573 | 596 | 606 |
| &nbsp;&nbsp;&nbsp; 2933683974, 18.115%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 5308 | 5573 | 5585 |
| &nbsp;&nbsp;&nbsp; 293445229, 26.493%, 10/03/2025 †x¥#^ | Stripe | 4/09/2024 | 1850 | 1924 | 92 |
| &nbsp;&nbsp;&nbsp; 2942375412, 26.533%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 698 | 726 | 408 |
| &nbsp;&nbsp;&nbsp; 2942685773, 18.781%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 910 | 947 | 964 |
| &nbsp;&nbsp;&nbsp; 2949648732, 25.569%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 1367 | 1421 | 1449 |
| &nbsp;&nbsp;&nbsp; 2950220543, 25.333%, 7/11/2024 †x¥#^ | Stripe | 1/17/2023 | 1120 | 1164 | 56 |
| &nbsp;&nbsp;&nbsp; 2951557424, 25.596%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 17901 | 18796 | 18857 |
| &nbsp;&nbsp;&nbsp; 2957901601, 14.933%, 7/10/2026 †x¥ | Stripe | 1/14/2025 | 17466 | 18165 | 18519 |
| &nbsp;&nbsp;&nbsp; 2959437145, 25.998%, 7/09/2027 †x¥ | Stripe | 1/13/2026 | 34409 | 36129 | 36284 |
| &nbsp;&nbsp;&nbsp; 2960872724, 24.918%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 6100 | 6405 | 6405 |
| &nbsp;&nbsp;&nbsp; 2961568406, 26.196%, 10/04/2025 †x¥#^ | Stripe | 10/11/2023 | 1383 | 1438 | 69 |
| &nbsp;&nbsp;&nbsp; 2967545563, 21.867%, 4/25/2024 †x¥#^ | Stripe | 10/31/2022 | 1862 | 1937 | 93 |
| &nbsp;&nbsp;&nbsp; 2971307570, 19.333%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 520 | 541 | 552 |
| &nbsp;&nbsp;&nbsp; 2975838254, 14.800%, 6/26/2026 †x¥ | Stripe | 12/31/2024 | 1290 | 1341 | 1351 |
| &nbsp;&nbsp;&nbsp; 297832044, 23.594%, 11/09/2024 †x¥#^ | Stripe | 5/17/2023 | 11302 | 11754 | 565 |
| &nbsp;&nbsp;&nbsp; 2980618162, 24.259%, 4/19/2025 †x¥#^ | Stripe | 10/25/2023 | 1927 | 2004 | 96 |
| &nbsp;&nbsp;&nbsp; 2984206428, 19.732%, 11/22/2024 †x¥#^ | Stripe | 5/31/2023 | 24748 | 25738 | 1237 |
| &nbsp;&nbsp;&nbsp; 2984933221, 24.222%, 6/18/2024 †x¥#^ | Stripe | 12/22/2022 | 522 | 543 | 26 |
| &nbsp;&nbsp;&nbsp; 2985903334, 20.933%, 7/16/2026 †x¥ | Stripe | 1/21/2025 | 649 | 675 | 689 |
| &nbsp;&nbsp;&nbsp; 2986496896, 22.394%, 4/09/2026 †x¥# | Stripe | 10/15/2024 | 1633 | 1698 | 307 |
| &nbsp;&nbsp;&nbsp; 2986813430, 20.933%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 95 | 99 | 101 |
| &nbsp;&nbsp;&nbsp; 2990478845, 26.476%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 716 | 745 | 757 |
| &nbsp;&nbsp;&nbsp; 2995573298, 25.600%, 2/03/2027 †x¥ | Stripe | 8/08/2025 | 3425 | 3562 | 3635 |
| &nbsp;&nbsp;&nbsp; 2996052196, 24.130%, 12/27/2024 †x¥#^ | Stripe | 7/05/2023 | 4754 | 4944 | 238 |
| &nbsp;&nbsp;&nbsp; 2996646204, 18.800%, 10/27/2026 †x¥ | Stripe | 5/01/2025 | 26868 | 27943 | 28528 |
| &nbsp;&nbsp;&nbsp; 2998732799, 26.476%, 11/27/2024 †x¥#^ | Stripe | 6/02/2023 | 1276 | 1327 | 64 |
| &nbsp;&nbsp;&nbsp; 2aabbcb0-bd60-4407-81e2-28aeee2d5c6d, 10.490%, 3/09/2023 †x#^ | Funding Circle | 3/12/2018 | 36407 | 36407 | 10922 |
| &nbsp;&nbsp;&nbsp; 2b5567a3-1066-408f-a0a1-b81fbfcb075f, 26.990%, 12/12/2023 †x#^ | Funding Circle | 6/14/2018 | 67571 | 67571 | 20271 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6133** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 2be687d2-d428-4d9f-ac32-eafa03a91db8, 12.690%, 3/29/2020 †x#^ | Funding Circle | 12/16/2016 | $12610 | $12610 | $3783 |
| &nbsp;&nbsp;&nbsp; 3004059508, 18.263%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 5713 | 5998 | 6019 |
| &nbsp;&nbsp;&nbsp; 3007261303, 20.394%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 6358 | 6676 | 6698 |
| &nbsp;&nbsp;&nbsp; 300abd65-7310-467f-98df-2cfe258e6d27, 8.250%, 8/09/2023 †x#^ | Funding Circle | 8/13/2018 | 41883 | 41883 | 12565 |
| &nbsp;&nbsp;&nbsp; 3011103344, 20.656%, 7/12/2024 †x¥#^ | Stripe | 1/18/2023 | 4604 | 4788 | 230 |
| &nbsp;&nbsp;&nbsp; 3011778877, 19.200%, 7/25/2024 †x¥#^ | Stripe | 1/30/2023 | 28995 | 30155 | 1450 |
| &nbsp;&nbsp;&nbsp; 3014129825, 21.467%, 12/24/2024 †x¥#^ | Stripe | 6/29/2023 | 47988 | 49908 | 2399 |
| &nbsp;&nbsp;&nbsp; 3017123615, 26.533%, 8/21/2026 †x¥# | Stripe | 2/25/2025 | 3222 | 3351 | 161 |
| &nbsp;&nbsp;&nbsp; 3017235253, 24.787%, 1/07/2025 †x¥#^ | Stripe | 5/16/2023 | 2207 | 2295 | 110 |
| &nbsp;&nbsp;&nbsp; 3024765978, 26.476%, 2/17/2027 †x¥# | Stripe | 8/22/2025 | 2100 | 2184 | 402 |
| &nbsp;&nbsp;&nbsp; 3026788557, 26.525%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 7572 | 7875 | 379 |
| &nbsp;&nbsp;&nbsp; 302909442, 20.393%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 7560 | 7938 | 7966 |
| &nbsp;&nbsp;&nbsp; 3029208565, 24.000%, 4/25/2023 †x¥#^ | Stripe | 10/28/2021 | 347 | 361 | 17 |
| &nbsp;&nbsp;&nbsp; 30321829, 26.531%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 12288 | 12780 | 614 |
| &nbsp;&nbsp;&nbsp; 3032386669, 20.397%, 5/23/2024 †x¥#^ | Stripe | 11/29/2022 | 6209 | 6457 | 310 |
| &nbsp;&nbsp;&nbsp; 303501571, 26.533%, 10/10/2025 †x¥#^ | Stripe | 4/16/2024 | 1264 | 1315 | 63 |
| &nbsp;&nbsp;&nbsp; 3042516027, 26.526%, 1/17/2027 †x¥# | Stripe | 10/16/2024 | 4321 | 4494 | 216 |
| &nbsp;&nbsp;&nbsp; 3042938672, 22.504%, 12/09/2023 †x¥#^ | Stripe | 6/15/2022 | 3280 | 3411 | 164 |
| &nbsp;&nbsp;&nbsp; 3045591798, 19.196%, 8/14/2024 †x¥#^ | Stripe | 2/17/2023 | 860 | 894 | 43 |
| &nbsp;&nbsp;&nbsp; 3048845136, 20.400%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 1202 | 1250 | 1271 |
| &nbsp;&nbsp;&nbsp; 3049556274, 20.662%, 7/13/2024 †x¥#^ | Stripe | 1/19/2023 | 8816 | 9168 | 441 |
| &nbsp;&nbsp;&nbsp; 3053780632, 25.993%, 6/19/2025 †x¥#^ | Stripe | 12/26/2023 | 3144 | 3270 | 157 |
| &nbsp;&nbsp;&nbsp; 3058585799, 18.932%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 1320 | 1371 | 66 |
| &nbsp;&nbsp;&nbsp; 305896128, 26.533%, 1/27/2026 †x¥#^ | Stripe | 8/01/2024 | 126 | 131 | 25 |
| &nbsp;&nbsp;&nbsp; 3060031884, 20.267%, 3/04/2025 †x¥#^ | Stripe | 7/11/2023 | 51474 | 53533 | 2574 |
| &nbsp;&nbsp;&nbsp; 3064757784, 25.864%, 8/26/2026 †x¥# | Stripe | 2/28/2025 | 2195 | 2282 | 888 |
| &nbsp;&nbsp;&nbsp; 3065315150, 22.251%, 8/16/2025 †x¥#^ | Stripe | 2/22/2024 | 6557 | 6820 | 328 |
| &nbsp;&nbsp;&nbsp; 3067029973, 24.000%, 5/04/2023 †x¥#^ | Stripe | 11/08/2021 | 58 | 60 | 3 |
| &nbsp;&nbsp;&nbsp; 3067399738, 19.867%, 9/03/2024 †x¥#^ | Stripe | 3/09/2023 | 2744 | 2854 | 137 |
| &nbsp;&nbsp;&nbsp; 3067801091, 18.127%, 7/31/2024 †x¥#^ | Stripe | 2/03/2023 | 1951 | 2029 | 98 |
| &nbsp;&nbsp;&nbsp; 306794706, 20.400%, 10/04/2025 †x¥#^ | Stripe | 4/10/2024 | 23301 | 24234 | 1165 |
| &nbsp;&nbsp;&nbsp; 3070894657, 16.000%, 12/22/2026 †x¥ | Stripe | 6/26/2025 | 4790 | 4982 | 5029 |
| &nbsp;&nbsp;&nbsp; 3073253941, 16.000%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 8351 | 8769 | 8773 |
| &nbsp;&nbsp;&nbsp; 3074721904, 18.133%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 16328 | 16981 | 17322 |
| &nbsp;&nbsp;&nbsp; 3087868802, 25.556%, 12/31/2026 †x¥ | Stripe | 7/08/2025 | 1008 | 1049 | 1062 |
| &nbsp;&nbsp;&nbsp; 3089175241, 26.533%, 2/17/2026 †x¥#^ | Stripe | 8/22/2024 | 1503 | 1563 | 75 |
| &nbsp;&nbsp;&nbsp; 3090994930, 20.400%, 10/17/2023 †x¥#^ | Stripe | 4/21/2022 | 23889 | 24845 | 1194 |
| &nbsp;&nbsp;&nbsp; 3091625655, 25.191%, 3/30/2024 †x¥#^ | Stripe | 10/05/2022 | 2251 | 2341 | 113 |
| &nbsp;&nbsp;&nbsp; 3092557992, 14.237%, 8/12/2026 †x¥ | Stripe | 2/14/2025 | 1378 | 1433 | 753 |
| &nbsp;&nbsp;&nbsp; 3095855558, 15.722%, 3/01/2024 †x¥#^ | Stripe | 12/09/2021 | 668 | 695 | 33 |
| &nbsp;&nbsp;&nbsp; 3100225584, 20.667%, 4/09/2025 †x¥#^ | Stripe | 10/13/2023 | 2850 | 2964 | 142 |
| &nbsp;&nbsp;&nbsp; 310202111, 24.000%, 7/20/2024 †x¥#^ | Stripe | 5/23/2022 | 4589 | 4772 | 229 |
| &nbsp;&nbsp;&nbsp; 3103923414, 16.267%, 8/05/2027 †x¥ | Stripe | 2/09/2026 | 231475 | 243049 | 243325 |
| &nbsp;&nbsp;&nbsp; 3105387335, 25.858%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 693 | 721 | 745 |
| &nbsp;&nbsp;&nbsp; 3111454336, 21.333%, 3/06/2025 †x¥#^ | Stripe | 9/11/2023 | 5047 | 5249 | 252 |
| &nbsp;&nbsp;&nbsp; 3112768762, 26.128%, 8/29/2026 †x¥ | Stripe | 1/03/2025 | 2986 | 3105 | 3185 |
| &nbsp;&nbsp;&nbsp; 3116757642, 18.933%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 155 | 161 | 8 |
| &nbsp;&nbsp;&nbsp; 3123720201, 24.267%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 864 | 899 | 43 |
| &nbsp;&nbsp;&nbsp; 3126783083, 18.000%, 1/01/2027 †x¥ | Stripe | 7/09/2025 | 5801 | 6033 | 6120 |
| &nbsp;&nbsp;&nbsp; 3127156700, 24.000%, 10/31/2023 †x¥#^ | Stripe | 5/05/2022 | 1090 | 1134 | 55 |
| &nbsp;&nbsp;&nbsp; 3127408026, 16.000%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 1590 | 1670 | 1670 |
| &nbsp;&nbsp;&nbsp; 3128761, 6.151%, 2/12/2022 †x¶#^ | Square | 8/14/2020 | 5238 | 4796 | 388 |
| &nbsp;&nbsp;&nbsp; 3129202, 6.472%, 2/12/2022 †x¶#^ | Square | 8/14/2020 | 7608 | 6934 | 563 |
| &nbsp;&nbsp;&nbsp; 3132402, 6.155%, 2/15/2022 †x¶#^ | Square | 8/19/2020 | 3640 | 3358 | 269 |
| &nbsp;&nbsp;&nbsp; 3132485792, 19.067%, 3/14/2024 †x¥#^ | Stripe | 9/19/2022 | 1583 | 1646 | 79 |
| &nbsp;&nbsp;&nbsp; 3132872, 5.347%, 2/17/2022 †x¶#^ | Square | 8/19/2020 | 707 | 655 | 52 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6134** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3133449, 6.472%, 2/17/2022 †x¶#^ | Square | 8/19/2020 | $5004 | $4565 | $370 |
| &nbsp;&nbsp;&nbsp; 3133538, 6.472%, 2/17/2022 †x¶#^ | Square | 8/19/2020 | 2768 | 2523 | 205 |
| &nbsp;&nbsp;&nbsp; 3135118237, 22.399%, 3/09/2027 †x¥# | Stripe | 12/27/2024 | 49186 | 51153 | 2459 |
| &nbsp;&nbsp;&nbsp; 3136189, 4.033%, 2/19/2022 †x¶#^ | Square | 8/21/2020 | 1669 | 1574 | 123 |
| &nbsp;&nbsp;&nbsp; 3137790545, 20.926%, 8/16/2025 †x¥#^ | Stripe | 5/30/2023 | 257 | 267 | 13 |
| &nbsp;&nbsp;&nbsp; 3140077999, 14.933%, 10/31/2026 †x¥ | Stripe | 5/07/2025 | 5259 | 5470 | 5558 |
| &nbsp;&nbsp;&nbsp; 3140123630, 20.606%, 10/04/2024 †x¥#^ | Stripe | 4/11/2023 | 361 | 375 | 18 |
| &nbsp;&nbsp;&nbsp; 3140521, 7.575%, 2/21/2022 †x¶#^ | Square | 8/25/2020 | 386 | 347 | 29 |
| &nbsp;&nbsp;&nbsp; 3142303, 6.761%, 2/21/2022 †x¶#^ | Square | 8/25/2020 | 936 | 850 | 69 |
| &nbsp;&nbsp;&nbsp; 3142899, 4.033%, 2/21/2022 †x¶#^ | Square | 8/25/2020 | 77 | 76 | 6 |
| &nbsp;&nbsp;&nbsp; 3143044, 3.380%, 2/21/2022 †x¶#^ | Square | 8/25/2020 | 757 | 721 | 56 |
| &nbsp;&nbsp;&nbsp; 3144741, 6.472%, 2/22/2022 †x¶#^ | Square | 8/26/2020 | 985 | 898 | 73 |
| &nbsp;&nbsp;&nbsp; 3144837, 7.921%, 2/22/2022 †x¶#^ | Square | 8/26/2020 | 1123 | 1004 | 83 |
| &nbsp;&nbsp;&nbsp; 3145666, 3.409%, 2/22/2022 †x¶#^ | Square | 8/26/2020 | 693 | 659 | 51 |
| &nbsp;&nbsp;&nbsp; 3145683588, 12.795%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 19242 | 20204 | 20234 |
| &nbsp;&nbsp;&nbsp; 3151057, 4.049%, 2/25/2022 †x¶#^ | Square | 8/27/2020 | 277 | 261 | 21 |
| &nbsp;&nbsp;&nbsp; 3152330, 4.799%, 2/25/2022 †x¶#^ | Square | 8/27/2020 | 249 | 233 | 18 |
| &nbsp;&nbsp;&nbsp; 3153617, 6.766%, 2/26/2022 †x¶#^ | Square | 8/28/2020 | 1463 | 1328 | 108 |
| &nbsp;&nbsp;&nbsp; 3158007, 6.765%, 2/28/2022 †x¶#^ | Square | 9/01/2020 | 7238 | 6572 | 536 |
| &nbsp;&nbsp;&nbsp; 3159467416, 20.133%, 7/31/2024 †x¥#^ | Stripe | 2/03/2023 | 29684 | 30871 | 1484 |
| &nbsp;&nbsp;&nbsp; 3159993, 5.363%, 2/28/2022 †x¶#^ | Square | 9/02/2020 | 204 | 189 | 15 |
| &nbsp;&nbsp;&nbsp; 3163265, 6.476%, 3/01/2022 †x¶#^ | Square | 9/03/2020 | 7141 | 6509 | 528 |
| &nbsp;&nbsp;&nbsp; 3163444875, 26.532%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 5868 | 6161 | 6195 |
| &nbsp;&nbsp;&nbsp; 3163484998, 20.133%, 11/15/2026 †x¥# | Stripe | 8/29/2024 | 77834 | 80948 | 3892 |
| &nbsp;&nbsp;&nbsp; 3165788705, 15.062%, 7/25/2025 †x¥#^ | Stripe | 1/30/2024 | 6865 | 7140 | 343 |
| &nbsp;&nbsp;&nbsp; 3170628542, 21.867%, 3/14/2024 †x¥#^ | Stripe | 9/19/2022 | 15111 | 15716 | 756 |
| &nbsp;&nbsp;&nbsp; 3174141, 4.052%, 3/08/2022 †x¶#^ | Square | 9/10/2020 | 1356 | 1278 | 100 |
| &nbsp;&nbsp;&nbsp; 3177982486, 26.533%, 3/27/2027 †x¥ | Stripe | 7/31/2025 | 1415 | 1472 | 827 |
| &nbsp;&nbsp;&nbsp; 3178414, 4.045%, 3/09/2022 †x¶#^ | Square | 9/11/2020 | 1004 | 947 | 74 |
| &nbsp;&nbsp;&nbsp; 3183084635, 26.525%, 10/13/2026 †x¥# | Stripe | 4/17/2025 | 3007 | 3127 | 576 |
| &nbsp;&nbsp;&nbsp; 3185553654, 26.521%, 12/13/2025 †x¥#^ | Stripe | 10/23/2023 | 3146 | 3272 | 157 |
| &nbsp;&nbsp;&nbsp; 3186853009, 25.333%, 1/25/2024 †x¥#^ | Stripe | 8/01/2022 | 1531 | 1592 | 77 |
| &nbsp;&nbsp;&nbsp; 3190068076, 18.095%, 12/24/2026 †x¥ | Stripe | 6/30/2025 | 354 | 368 | 375 |
| &nbsp;&nbsp;&nbsp; 3190229, 5.336%, 3/11/2022 †x¶#^ | Square | 9/15/2020 | 1139 | 1055 | 84 |
| &nbsp;&nbsp;&nbsp; 3190265, 5.348%, 3/11/2022 †x¶#^ | Square | 9/15/2020 | 2092 | 1937 | 155 |
| &nbsp;&nbsp;&nbsp; 3196473, 6.164%, 3/14/2022 †x¶#^ | Square | 9/16/2020 | 580 | 531 | 43 |
| &nbsp;&nbsp;&nbsp; 3196593686, 19.200%, 4/16/2024 †x¥#^ | Stripe | 10/20/2022 | 5227 | 5436 | 261 |
| &nbsp;&nbsp;&nbsp; 3197143418, 16.800%, 10/28/2023 †x¥#^ | Stripe | 5/04/2022 | 11784 | 12255 | 589 |
| &nbsp;&nbsp;&nbsp; 3197676, 7.921%, 3/14/2022 †x¶#^ | Square | 9/16/2020 | 9103 | 8136 | 674 |
| &nbsp;&nbsp;&nbsp; 3198275, 7.921%, 3/14/2022 †x¶#^ | Square | 9/16/2020 | 871 | 778 | 64 |
| &nbsp;&nbsp;&nbsp; 3198624450, 14.667%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 4769 | 5008 | 5012 |
| &nbsp;&nbsp;&nbsp; 3200939120, 26.525%, 6/24/2026 †x¥# | Stripe | 12/30/2024 | 1572 | 1635 | 448 |
| &nbsp;&nbsp;&nbsp; 3204801648, 18.933%, 9/03/2026 †x¥# | Stripe | 3/10/2025 | 83878 | 87233 | 15502 |
| &nbsp;&nbsp;&nbsp; 3205797968, 20.387%, 4/09/2025 †x¥#^ | Stripe | 10/13/2023 | 5399 | 5615 | 270 |
| &nbsp;&nbsp;&nbsp; 3206562264, 18.800%, 8/29/2026 †x¥ | Stripe | 3/05/2025 | 316 | 329 | 334 |
| &nbsp;&nbsp;&nbsp; 3207507132, 26.513%, 4/03/2026 †x¥# | Stripe | 2/07/2024 | 530 | 551 | 26 |
| &nbsp;&nbsp;&nbsp; 3208762, 4.796%, 3/17/2022 †x¶#^ | Square | 9/21/2020 | 493 | 463 | 37 |
| &nbsp;&nbsp;&nbsp; 3209755, 3.397%, 3/17/2022 †x¶#^ | Square | 9/21/2020 | 2142 | 2039 | 159 |
| &nbsp;&nbsp;&nbsp; 3210073424, 26.129%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 12816 | 13328 | 641 |
| &nbsp;&nbsp;&nbsp; 321020507, 26.523%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 1573 | 1636 | 1677 |
| &nbsp;&nbsp;&nbsp; 3213156122, 22.267%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 19000 | 19950 | 19950 |
| &nbsp;&nbsp;&nbsp; 3219033304, 17.996%, 5/27/2026 †x¥# | Stripe | 3/07/2024 | 3064 | 3186 | 153 |
| &nbsp;&nbsp;&nbsp; 3220853, 6.149%, 3/22/2022 †x¶#^ | Square | 9/24/2020 | 420 | 384 | 31 |
| &nbsp;&nbsp;&nbsp; 3224082, 3.398%, 3/23/2022 †x¶#^ | Square | 9/25/2020 | 244 | 232 | 18 |
| &nbsp;&nbsp;&nbsp; 3224970171, 26.476%, 1/24/2025 †x¥#^ | Stripe | 8/01/2023 | 638 | 664 | 32 |
| &nbsp;&nbsp;&nbsp; 3225278534, 26.529%, 8/07/2026 †x¥ | Stripe | 2/11/2025 | 2810 | 2923 | 2990 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6135** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3226118370, 24.533%, 7/30/2024 †x¥#^ | Stripe | 2/02/2023 | $702 | $730 | $35 |
| &nbsp;&nbsp;&nbsp; 3226797, 4.693%, 3/23/2022 †x¶#^ | Square | 9/25/2020 | 1947 | 1819 | 144 |
| &nbsp;&nbsp;&nbsp; 3227214, 3.406%, 3/23/2022 †x¶#^ | Square | 9/25/2020 | 1467 | 1396 | 109 |
| &nbsp;&nbsp;&nbsp; 3227458280, 18.799%, 2/23/2024 †x¥#^ | Stripe | 8/30/2022 | 34366 | 35741 | 1718 |
| &nbsp;&nbsp;&nbsp; 3227873, 4.054%, 3/23/2022 †x¶#^ | Square | 9/25/2020 | 532 | 501 | 39 |
| &nbsp;&nbsp;&nbsp; 3229932615, 20.918%, 5/02/2025 †x¥#^ | Stripe | 11/07/2023 | 352 | 366 | 18 |
| &nbsp;&nbsp;&nbsp; 3230395304, 25.333%, 5/30/2024 †x¥#^ | Stripe | 12/05/2022 | 391 | 407 | 20 |
| &nbsp;&nbsp;&nbsp; 3236522683, 17.333%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 3400 | 3570 | 3570 |
| &nbsp;&nbsp;&nbsp; 323791378, 25.333%, 5/27/2025 †x¥#^ | Stripe | 3/14/2023 | 8712 | 9061 | 436 |
| &nbsp;&nbsp;&nbsp; 3238583, 3.409%, 3/29/2022 †x¶#^ | Square | 10/01/2020 | 403 | 383 | 30 |
| &nbsp;&nbsp;&nbsp; 3240218, 7.939%, 3/29/2022 †x¶#^ | Square | 10/01/2020 | 115 | 103 | 9 |
| &nbsp;&nbsp;&nbsp; 3240758, 5.457%, 3/30/2022 †x¶#^ | Square | 10/02/2020 | 2356 | 2178 | 174 |
| &nbsp;&nbsp;&nbsp; 3241775282, 20.375%, 8/05/2027 †x¥ | Stripe | 2/09/2026 | 3183 | 3342 | 3342 |
| &nbsp;&nbsp;&nbsp; 3242410, 6.472%, 3/30/2022 †x¶#^ | Square | 10/02/2020 | 4850 | 4421 | 359 |
| &nbsp;&nbsp;&nbsp; 3244374669, 23.599%, 10/31/2025 †x¥#^ | Stripe | 5/07/2024 | 18727 | 19476 | 936 |
| &nbsp;&nbsp;&nbsp; 3249127800, 24.000%, 7/15/2023 †x¥#^ | Stripe | 1/20/2022 | 3441 | 3579 | 172 |
| &nbsp;&nbsp;&nbsp; 3250278915, 24.000%, 10/01/2025 †x¥#^ | Stripe | 4/05/2024 | 1458 | 1516 | 73 |
| &nbsp;&nbsp;&nbsp; 3252311366, 20.400%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 164 | 171 | 177 |
| &nbsp;&nbsp;&nbsp; 3252407035, 17.333%, 12/16/2025 †x¥#^ | Stripe | 6/21/2024 | 15815 | 16448 | 791 |
| &nbsp;&nbsp;&nbsp; 3256914600, 20.400%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 1130 | 1175 | 1193 |
| &nbsp;&nbsp;&nbsp; 3257532078, 21.999%, 6/23/2026 †x¥ | Stripe | 12/27/2024 | 19711 | 20499 | 20982 |
| &nbsp;&nbsp;&nbsp; 3257630, 4.099%, 4/08/2022 †x¶#^ | Square | 10/13/2020 | 265 | 250 | 20 |
| &nbsp;&nbsp;&nbsp; 3258655917, 21.159%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 1685 | 1752 | 84 |
| &nbsp;&nbsp;&nbsp; 3260550784, 26.533%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 2000 | 2100 | 2100 |
| &nbsp;&nbsp;&nbsp; 3260614453, 20.399%, 2/19/2027 †x¥ | Stripe | 8/26/2025 | 7808 | 8120 | 8246 |
| &nbsp;&nbsp;&nbsp; 3265018837, 21.200%, 12/24/2024 †x¥#^ | Stripe | 6/29/2023 | 11920 | 12396 | 596 |
| &nbsp;&nbsp;&nbsp; 3266092363, 26.524%, 8/09/2025 †x¥#^ | Stripe | 2/14/2024 | 1316 | 1369 | 66 |
| &nbsp;&nbsp;&nbsp; 327028527, 18.000%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 1295 | 1347 | 1366 |
| &nbsp;&nbsp;&nbsp; 3272006070, 19.464%, 4/25/2024 †x¥#^ | Stripe | 10/31/2022 | 9876 | 10271 | 494 |
| &nbsp;&nbsp;&nbsp; 3275546727, 24.889%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 2418 | 2539 | 2547 |
| &nbsp;&nbsp;&nbsp; 3276388326, 26.500%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 507 | 532 | 541 |
| &nbsp;&nbsp;&nbsp; 327724437, 16.782%, 10/31/2023 †x¥#^ | Stripe | 5/05/2022 | 5093 | 5296 | 255 |
| &nbsp;&nbsp;&nbsp; 3278564154, 13.728%, 7/10/2024 †x¥#^ | Stripe | 1/13/2023 | 1149 | 1195 | 57 |
| &nbsp;&nbsp;&nbsp; 3279838765, 26.530%, 1/24/2026 †x¥#^ | Stripe | 7/31/2024 | 14583 | 15166 | 729 |
| &nbsp;&nbsp;&nbsp; 3283297259, 26.510%, 11/06/2024 †x¥#^ | Stripe | 5/12/2023 | 1372 | 1427 | 69 |
| &nbsp;&nbsp;&nbsp; 3286461021, 22.800%, 6/26/2026 †x¥# | Stripe | 5/30/2024 | 39772 | 41363 | 7529 |
| &nbsp;&nbsp;&nbsp; 3286624352, 24.000%, 1/03/2024 †x¥#^ | Stripe | 10/21/2021 | 304 | 316 | 15 |
| &nbsp;&nbsp;&nbsp; 3286659353, 17.333%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 62553 | 65680 | 65787 |
| &nbsp;&nbsp;&nbsp; 3289712437, 17.863%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 15210 | 15818 | 16023 |
| &nbsp;&nbsp;&nbsp; 3293552, 6.152%, 4/22/2022 †x¶#^ | Square | 10/26/2020 | 9844 | 9013 | 728 |
| &nbsp;&nbsp;&nbsp; 3293775390, 25.333%, 9/03/2024 †x¥#^ | Stripe | 3/09/2023 | 2849 | 2963 | 142 |
| &nbsp;&nbsp;&nbsp; 3298449670, 26.424%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 1050 | 1103 | 1103 |
| &nbsp;&nbsp;&nbsp; 3298450768, 23.636%, 12/09/2025 †x¥#^ | Stripe | 6/13/2024 | 123 | 127 | 23 |
| &nbsp;&nbsp;&nbsp; 3301400373, 15.197%, 3/26/2027 †x¥ | Stripe | 9/30/2025 | 14329 | 14903 | 15118 |
| &nbsp;&nbsp;&nbsp; 330791477, 22.381%, 6/16/2026 †x¥ | Stripe | 12/19/2024 | 214 | 223 | 229 |
| &nbsp;&nbsp;&nbsp; 3310069, 5.769%, 4/30/2022 †x¶#^ | Square | 11/03/2020 | 505 | 465 | 37 |
| &nbsp;&nbsp;&nbsp; 331109033, 21.200%, 8/21/2026 †x¥# | Stripe | 2/25/2025 | 947 | 984 | 47 |
| &nbsp;&nbsp;&nbsp; 3311568271, 16.000%, 12/22/2026 †x¥ | Stripe | 6/26/2025 | 9598 | 9982 | 10107 |
| &nbsp;&nbsp;&nbsp; 3311927, 3.397%, 4/30/2022 †x¶#^ | Square | 11/04/2020 | 182 | 173 | 13 |
| &nbsp;&nbsp;&nbsp; 3313a4fa-2c2a-413e-868c-759fc8f71270, 10.490%, 3/18/2019 †x#^ | Funding Circle | 3/12/2018 | 54726 | 54726 | 16418 |
| &nbsp;&nbsp;&nbsp; 3314107856, 22.390%, 8/30/2025 †x¥#^ | Stripe | 3/06/2024 | 4023 | 4184 | 201 |
| &nbsp;&nbsp;&nbsp; 3314903, 6.867%, 5/02/2022 †x¶#^ | Square | 11/04/2020 | 4020 | 3644 | 297 |
| &nbsp;&nbsp;&nbsp; 3316091690, 20.513%, 3/05/2025 †x¥#^ | Stripe | 9/08/2023 | 948 | 986 | 47 |
| &nbsp;&nbsp;&nbsp; 3316241, 7.190%, 5/03/2022 †x¶#^ | Square | 11/05/2020 | 1267 | 1143 | 94 |
| &nbsp;&nbsp;&nbsp; 3317185, 7.190%, 5/03/2022 †x¶#^ | Square | 11/05/2020 | 2877 | 2597 | 213 |
| &nbsp;&nbsp;&nbsp; 3322457, 5.391%, 5/05/2022 †x¶#^ | Square | 11/09/2020 | 13917 | 12875 | 1030 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6136** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3325161640, 14.667%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | $27148 | $28505 | $28504 |
| &nbsp;&nbsp;&nbsp; 3331199466, 25.600%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 8126 | 8532 | 8557 |
| &nbsp;&nbsp;&nbsp; 3332012075, 26.476%, 10/11/2024 †x¥#^ | Stripe | 4/18/2023 | 640 | 665 | 32 |
| &nbsp;&nbsp;&nbsp; 3333236155, 19.333%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 1305 | 1357 | 1376 |
| &nbsp;&nbsp;&nbsp; 3333295299, 21.984%, 8/07/2026 †x¥# | Stripe | 2/11/2025 | 842 | 875 | 233 |
| &nbsp;&nbsp;&nbsp; 3336218652, 19.331%, 10/06/2026 †x¥ | Stripe | 4/10/2025 | 1205 | 1253 | 1287 |
| &nbsp;&nbsp;&nbsp; 3344543710, 20.000%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 440 | 458 | 471 |
| &nbsp;&nbsp;&nbsp; 3344895370, 19.600%, 2/17/2024 †x¥#^ | Stripe | 8/24/2022 | 7891 | 8206 | 395 |
| &nbsp;&nbsp;&nbsp; 3351772229, 24.000%, 1/13/2023 †x¥#^ | Stripe | 7/20/2021 | 14185 | 14752 | 709 |
| &nbsp;&nbsp;&nbsp; 336557138, 21.667%, 8/15/2025 †x¥#^ | Stripe | 2/21/2024 | 196 | 204 | 10 |
| &nbsp;&nbsp;&nbsp; 3366951473, 25.993%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 8518 | 8944 | 8962 |
| &nbsp;&nbsp;&nbsp; 3367822930, 22.392%, 7/24/2024 †x¥#^ | Stripe | 1/27/2023 | 10200 | 10608 | 510 |
| &nbsp;&nbsp;&nbsp; 3371838276, 26.000%, 1/04/2025 †x¥#^ | Stripe | 7/12/2023 | 4031 | 4192 | 202 |
| &nbsp;&nbsp;&nbsp; 3372613421, 19.598%, 12/24/2024 †x¥#^ | Stripe | 5/02/2023 | 3231 | 3360 | 162 |
| &nbsp;&nbsp;&nbsp; 337748062, 21.860%, 12/19/2024 †x¥#^ | Stripe | 6/26/2023 | 3056 | 3178 | 153 |
| &nbsp;&nbsp;&nbsp; 3377960798, 26.533%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 883 | 919 | 171 |
| &nbsp;&nbsp;&nbsp; 3378452673, 16.525%, 10/31/2024 †x¥#^ | Stripe | 5/08/2023 | 918 | 955 | 46 |
| &nbsp;&nbsp;&nbsp; 3379409873, 19.298%, 2/27/2027 †x¥ | Stripe | 9/04/2025 | 964 | 1002 | 1018 |
| &nbsp;&nbsp;&nbsp; 3380225305, 17.333%, 12/16/2025 †x¥#^ | Stripe | 6/21/2024 | 537 | 559 | 147 |
| &nbsp;&nbsp;&nbsp; 3380963388, 26.533%, 4/28/2026 †x¥# | Stripe | 10/31/2024 | 382 | 398 | 74 |
| &nbsp;&nbsp;&nbsp; 3382925160, 26.101%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 1373 | 1428 | 259 |
| &nbsp;&nbsp;&nbsp; 3382b330-edd3-4830-8d50-111778c1066d, 10.490%, 10/02/2023 †x#^ | Funding Circle | 4/04/2018 | 30350 | 30350 | 9105 |
| &nbsp;&nbsp;&nbsp; 3383657630, 25.333%, 9/06/2024 †x¥#^ | Stripe | 3/14/2023 | 1516 | 1576 | 76 |
| &nbsp;&nbsp;&nbsp; 3384634093, 20.667%, 1/16/2025 †x¥#^ | Stripe | 7/24/2023 | 2375 | 2470 | 119 |
| &nbsp;&nbsp;&nbsp; 3384977617, 12.532%, 3/04/2024 †x¥#^ | Stripe | 12/14/2021 | 5196 | 5404 | 260 |
| &nbsp;&nbsp;&nbsp; 3394563059, 24.000%, 3/20/2024 †x¥#^ | Stripe | 2/22/2022 | 2695 | 2803 | 135 |
| &nbsp;&nbsp;&nbsp; 3395142, 7.190%, 6/01/2022 †x¶#^ | Square | 12/03/2020 | 8375 | 7560 | 620 |
| &nbsp;&nbsp;&nbsp; 3398118213, 23.600%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 475 | 494 | 24 |
| &nbsp;&nbsp;&nbsp; 3399934482, 26.512%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 3913 | 4069 | 196 |
| &nbsp;&nbsp;&nbsp; 33a6eea1-ecd7-4668-9ade-b1550092e6b0, 18.900%, 6/17/2019 †x#^ | Funding Circle | 8/20/2018 | 49561 | 49561 | 14868 |
| &nbsp;&nbsp;&nbsp; 3400986241, 17.333%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 21800 | 22890 | 22890 |
| &nbsp;&nbsp;&nbsp; 3401588, 2.724%, 6/02/2022 †x¶#^ | Square | 12/04/2020 | 648 | 622 | 48 |
| &nbsp;&nbsp;&nbsp; 3401754175, 25.999%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 57425 | 60297 | 60448 |
| &nbsp;&nbsp;&nbsp; 3402276, 4.017%, 6/02/2022 †x¶#^ | Square | 12/04/2020 | 533 | 503 | 39 |
| &nbsp;&nbsp;&nbsp; 3402988154, 21.200%, 7/07/2026 †x¥# | Stripe | 1/09/2025 | 961 | 1000 | 391 |
| &nbsp;&nbsp;&nbsp; 3403047060, 21.467%, 10/17/2024 †x¥#^ | Stripe | 4/24/2023 | 975 | 1014 | 49 |
| &nbsp;&nbsp;&nbsp; 3404162877, 20.909%, 7/06/2024 †x¥#^ | Stripe | 1/11/2023 | 4400 | 4576 | 220 |
| &nbsp;&nbsp;&nbsp; 3406321040, 24.381%, 1/13/2026 †x¥#^ | Stripe | 7/18/2024 | 1007 | 1047 | 50 |
| &nbsp;&nbsp;&nbsp; 3408395969, 20.078%, 12/03/2024 †x¥#^ | Stripe | 6/08/2023 | 994 | 1034 | 50 |
| &nbsp;&nbsp;&nbsp; 3408521156, 20.933%, 12/12/2024 †x¥#^ | Stripe | 6/20/2023 | 1488 | 1547 | 74 |
| &nbsp;&nbsp;&nbsp; 3414011476, 20.399%, 12/29/2025 †x¥#^ | Stripe | 5/06/2024 | 29954 | 31152 | 1498 |
| &nbsp;&nbsp;&nbsp; 3414103795, 20.926%, 8/20/2026 †x¥ | Stripe | 2/24/2025 | 3600 | 3744 | 3782 |
| &nbsp;&nbsp;&nbsp; 3415425508, 25.573%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 940 | 977 | 999 |
| &nbsp;&nbsp;&nbsp; 3423679700, 20.105%, 10/03/2024 †x¥#^ | Stripe | 4/10/2023 | 1451 | 1509 | 73 |
| &nbsp;&nbsp;&nbsp; 3426475709, 26.527%, 8/16/2026 †x¥# | Stripe | 6/24/2024 | 1000 | 1040 | 192 |
| &nbsp;&nbsp;&nbsp; 3429488, 6.046%, 6/11/2022 †x¶#^ | Square | 12/15/2020 | 1523 | 1397 | 113 |
| &nbsp;&nbsp;&nbsp; 3431302758, 16.667%, 2/11/2023 †x¥#^ | Stripe | 8/18/2021 | 268 | 278 | 13 |
| &nbsp;&nbsp;&nbsp; 343132353, 19.200%, 3/25/2025 †x¥#^ | Stripe | 9/28/2023 | 112394 | 116890 | 5620 |
| &nbsp;&nbsp;&nbsp; 3432090164, 20.000%, 9/12/2026 †x¥ | Stripe | 3/19/2025 | 4210 | 4379 | 4461 |
| &nbsp;&nbsp;&nbsp; 3436186755, 14.933%, 3/15/2023 †x¥#^ | Stripe | 9/17/2021 | 8411 | 8747 | 421 |
| &nbsp;&nbsp;&nbsp; 3437895218, 14.000%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 2911 | 3028 | 3065 |
| &nbsp;&nbsp;&nbsp; 3439237041, 16.267%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 1942 | 2020 | 2045 |
| &nbsp;&nbsp;&nbsp; 3444782272, 20.533%, 3/14/2025 †x¥#^ | Stripe | 12/22/2022 | 36429 | 37886 | 1821 |
| &nbsp;&nbsp;&nbsp; 3445223, 4.010%, 6/18/2022 †x¶#^ | Square | 12/22/2020 | 3146 | 2968 | 233 |
| &nbsp;&nbsp;&nbsp; 3453473568, 18.131%, 1/14/2027 †x¥ | Stripe | 7/21/2025 | 20788 | 21619 | 21847 |
| &nbsp;&nbsp;&nbsp; 3458073159, 19.464%, 4/17/2024 †x¥#^ | Stripe | 10/21/2022 | 24838 | 25831 | 1242 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6137** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3465661159, 26.524%, 12/12/2026 †x¥# | Stripe | 6/18/2025 | $1367 | $1421 | $391 |
| &nbsp;&nbsp;&nbsp; 3467208663, 22.400%, 3/17/2026 †x¥ | Stripe | 9/19/2024 | 1667 | 1733 | 1782 |
| &nbsp;&nbsp;&nbsp; 3468121139, 26.133%, 8/06/2026 †x¥ | Stripe | 2/10/2025 | 161 | 168 | 173 |
| &nbsp;&nbsp;&nbsp; 3470534141, 20.392%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 14300 | 15015 | 15015 |
| &nbsp;&nbsp;&nbsp; 3471471791, 22.265%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 61103 | 64158 | 64366 |
| &nbsp;&nbsp;&nbsp; 3472652, 5.769%, 6/26/2022 †x¶#^ | Square | 12/30/2020 | 5019 | 4619 | 371 |
| &nbsp;&nbsp;&nbsp; 3473027918, 25.333%, 1/10/2024 †x¥#^ | Stripe | 7/15/2022 | 6438 | 6695 | 322 |
| &nbsp;&nbsp;&nbsp; 3473439, 4.647%, 6/28/2022 †x¶#^ | Square | 12/30/2020 | 2281 | 2133 | 169 |
| &nbsp;&nbsp;&nbsp; 3473757786, 20.796%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | 2815 | 2928 | 141 |
| &nbsp;&nbsp;&nbsp; 3474535569, 19.328%, 12/05/2026 †x¥ | Stripe | 6/11/2025 | 4484 | 4664 | 4753 |
| &nbsp;&nbsp;&nbsp; 3476471732, 26.530%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 34870 | 36614 | 36726 |
| &nbsp;&nbsp;&nbsp; 3479142899, 15.583%, 12/04/2025 †x¥#^ | Stripe | 6/10/2024 | 4755 | 4945 | 238 |
| &nbsp;&nbsp;&nbsp; 3481781865, 25.862%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 4038 | 4199 | 202 |
| &nbsp;&nbsp;&nbsp; 3482621858, 19.585%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 4450 | 4673 | 4695 |
| &nbsp;&nbsp;&nbsp; 3483086709, 10.933%, 10/29/2024 †x¥#^ | Stripe | 12/13/2022 | 76429 | 79487 | 3821 |
| &nbsp;&nbsp;&nbsp; 3484847673, 26.528%, 11/05/2025 †x¥#^ | Stripe | 5/10/2024 | 955 | 993 | 48 |
| &nbsp;&nbsp;&nbsp; 3485241314, 17.731%, 12/10/2023 †x¥#^ | Stripe | 10/25/2021 | 7386 | 7681 | 369 |
| &nbsp;&nbsp;&nbsp; 3492259, 3.370%, 6/30/2022 †x¶#^ | Square | 1/05/2021 | 909 | 865 | 67 |
| &nbsp;&nbsp;&nbsp; 3493875238, 24.923%, 7/03/2025 †x¥#^ | Stripe | 1/08/2024 | 831 | 864 | 42 |
| &nbsp;&nbsp;&nbsp; 3497529189, 16.260%, 7/12/2023 †x¥#^ | Stripe | 1/14/2022 | 2976 | 3095 | 149 |
| &nbsp;&nbsp;&nbsp; 3498624, 7.192%, 7/04/2022 †x¶#^ | Square | 1/06/2021 | 2748 | 2487 | 203 |
| &nbsp;&nbsp;&nbsp; 350013814, 21.999%, 4/15/2026 †x¥# | Stripe | 10/18/2024 | 26408 | 27464 | 1320 |
| &nbsp;&nbsp;&nbsp; 3500267982, 23.302%, 5/20/2025 †x¥#^ | Stripe | 11/24/2023 | 874 | 908 | 44 |
| &nbsp;&nbsp;&nbsp; 3501554450, 15.466%, 1/18/2024 †x¥#^ | Stripe | 11/10/2021 | 7576 | 7879 | 379 |
| &nbsp;&nbsp;&nbsp; 3501570288, 16.000%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 5331 | 5545 | 5613 |
| &nbsp;&nbsp;&nbsp; 3504810, 2.699%, 7/05/2022 †x¶#^ | Square | 1/07/2021 | 203 | 200 | 15 |
| &nbsp;&nbsp;&nbsp; 3512170026, 22.667%, 5/23/2024 †x¥#^ | Stripe | 11/29/2022 | 870 | 905 | 43 |
| &nbsp;&nbsp;&nbsp; 3512875433, 16.532%, 7/11/2023 †x¥#^ | Stripe | 1/13/2022 | 9567 | 9950 | 478 |
| &nbsp;&nbsp;&nbsp; 3515043151, 26.533%, 1/08/2026 †x¥#^ | Stripe | 7/15/2024 | 21333 | 22187 | 1067 |
| &nbsp;&nbsp;&nbsp; 3515137485, 26.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 994 | 1044 | 1044 |
| &nbsp;&nbsp;&nbsp; 3515194718, 20.391%, 3/04/2027 †x¥ | Stripe | 9/08/2025 | 5226 | 5435 | 5496 |
| &nbsp;&nbsp;&nbsp; 3515865, 5.781%, 7/07/2022 †x¶#^ | Square | 1/11/2021 | 2424 | 2230 | 179 |
| &nbsp;&nbsp;&nbsp; 3517617707, 20.400%, 8/31/2024 †x¥#^ | Stripe | 3/08/2023 | 179 | 186 | 9 |
| &nbsp;&nbsp;&nbsp; 3519393407, 22.400%, 10/27/2023 †x¥#^ | Stripe | 5/03/2022 | 1442 | 1500 | 72 |
| &nbsp;&nbsp;&nbsp; 3520654284, 16.267%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 1197 | 1245 | 1261 |
| &nbsp;&nbsp;&nbsp; 3521337289, 14.909%, 12/27/2026 †x¥ | Stripe | 5/02/2025 | 1878 | 1953 | 1964 |
| &nbsp;&nbsp;&nbsp; 352217521, 25.600%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 6878 | 7153 | 7275 |
| &nbsp;&nbsp;&nbsp; 3522625, 4.011%, 7/09/2022 †x¶#^ | Square | 1/13/2021 | 1320 | 1245 | 98 |
| &nbsp;&nbsp;&nbsp; 3523912498, 20.333%, 3/20/2027 †x¥ | Stripe | 9/24/2025 | 716 | 744 | 751 |
| &nbsp;&nbsp;&nbsp; 3525267809, 20.787%, 7/28/2026 †x¥ | Stripe | 1/30/2025 | 1946 | 2024 | 2066 |
| &nbsp;&nbsp;&nbsp; 3528586815, 17.865%, 6/11/2026 †x¥# | Stripe | 12/16/2024 | 32544 | 33845 | 1627 |
| &nbsp;&nbsp;&nbsp; 3528706818, 18.128%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 12642 | 13275 | 13308 |
| &nbsp;&nbsp;&nbsp; 3531669090, 21.054%, 12/26/2024 †x¥#^ | Stripe | 7/03/2023 | 3102 | 3226 | 155 |
| &nbsp;&nbsp;&nbsp; 3533143909, 19.467%, 3/22/2023 †x¥#^ | Stripe | 9/24/2021 | 1845 | 1919 | 92 |
| &nbsp;&nbsp;&nbsp; 3533173808, 26.533%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 587 | 616 | 621 |
| &nbsp;&nbsp;&nbsp; 3534538697, 16.000%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 1765 | 1835 | 1860 |
| &nbsp;&nbsp;&nbsp; 353633697, 18.113%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 1479 | 1539 | 1566 |
| &nbsp;&nbsp;&nbsp; 3539015111, 20.933%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 2858 | 2972 | 143 |
| &nbsp;&nbsp;&nbsp; 3539778523, 18.790%, 5/30/2025 †x¥#^ | Stripe | 12/05/2023 | 1511 | 1572 | 76 |
| &nbsp;&nbsp;&nbsp; 3540076729, 20.627%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 756 | 786 | 38 |
| &nbsp;&nbsp;&nbsp; 3540326776, 17.597%, 9/08/2026 †x¥# | Stripe | 3/13/2025 | 15325 | 15938 | 2814 |
| &nbsp;&nbsp;&nbsp; 35407858, 20.659%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 7733 | 8043 | 387 |
| &nbsp;&nbsp;&nbsp; 3548670705, 22.773%, 4/03/2025 †x¥#^ | Stripe | 10/10/2023 | 671 | 698 | 34 |
| &nbsp;&nbsp;&nbsp; 3549751357, 25.867%, 9/29/2026 †x¥ | Stripe | 4/03/2025 | 20625 | 21450 | 22141 |
| &nbsp;&nbsp;&nbsp; 3549969683, 18.920%, 10/22/2026 †x¥ | Stripe | 4/28/2025 | 1692 | 1759 | 1796 |
| &nbsp;&nbsp;&nbsp; 355069972, 23.686%, 2/10/2026 †x¥#^ | Stripe | 8/15/2024 | 951 | 989 | 48 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6138** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3551087, 5.769%, 7/14/2022 †x¶#^ | Square | 1/19/2021 | $7141 | $6575 | $528 |
| &nbsp;&nbsp;&nbsp; 3554237088, 24.000%, 8/08/2023 †x¥#^ | Stripe | 2/10/2022 | 11478 | 11937 | 574 |
| &nbsp;&nbsp;&nbsp; 3554248366, 18.399%, 6/13/2025 †x¥#^ | Stripe | 12/19/2023 | 24443 | 25421 | 1222 |
| &nbsp;&nbsp;&nbsp; 35569283, 18.667%, 2/21/2026 †x¥#^ | Stripe | 8/28/2024 | 2755 | 2865 | 138 |
| &nbsp;&nbsp;&nbsp; 3561795370, 18.920%, 5/13/2023 †x¥#^ | Stripe | 11/17/2021 | 3222 | 3351 | 161 |
| &nbsp;&nbsp;&nbsp; 3567970085, 14.799%, 5/19/2026 †x¥# | Stripe | 11/21/2024 | 43339 | 45073 | 2167 |
| &nbsp;&nbsp;&nbsp; 3568447540, 21.200%, 2/22/2024 †x¥#^ | Stripe | 8/17/2022 | 256 | 266 | 13 |
| &nbsp;&nbsp;&nbsp; 3570331185, 17.999%, 2/27/2027 †x¥ | Stripe | 9/04/2025 | 30532 | 31753 | 32314 |
| &nbsp;&nbsp;&nbsp; 3572074889, 16.125%, 9/04/2026 †x¥ | Stripe | 3/11/2025 | 664 | 691 | 698 |
| &nbsp;&nbsp;&nbsp; 357479431, 18.133%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 9108 | 9563 | 9586 |
| &nbsp;&nbsp;&nbsp; 3575269230, 17.833%, 4/12/2023 †x¥#^ | Stripe | 10/15/2021 | 356 | 370 | 18 |
| &nbsp;&nbsp;&nbsp; 3576607567, 20.533%, 4/12/2025 †x¥#^ | Stripe | 10/18/2023 | 4380 | 4555 | 219 |
| &nbsp;&nbsp;&nbsp; 3576866996, 16.230%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 1428 | 1485 | 1499 |
| &nbsp;&nbsp;&nbsp; 3583147414, 20.667%, 9/30/2025 †x¥#^ | Stripe | 7/26/2023 | 3990 | 4150 | 200 |
| &nbsp;&nbsp;&nbsp; 3585613194, 20.396%, 12/24/2026 †x¥# | Stripe | 6/30/2025 | 5756 | 5986 | 2265 |
| &nbsp;&nbsp;&nbsp; 3586831577, 26.532%, 11/03/2026 †x¥# | Stripe | 5/08/2025 | 10393 | 10809 | 2004 |
| &nbsp;&nbsp;&nbsp; 35897908, 20.921%, 12/24/2024 †x¥#^ | Stripe | 6/29/2023 | 2490 | 2590 | 125 |
| &nbsp;&nbsp;&nbsp; 3590780323, 25.863%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 5281 | 5492 | 5681 |
| &nbsp;&nbsp;&nbsp; 3592009, 5.449%, 7/27/2022 †x¶#^ | Square | 1/29/2021 | 11250 | 10400 | 833 |
| &nbsp;&nbsp;&nbsp; 3597063219, 25.599%, 2/06/2027 †x¥ | Stripe | 8/13/2025 | 2244 | 2334 | 2395 |
| &nbsp;&nbsp;&nbsp; 359734614, 20.132%, 4/24/2024 †x¥#^ | Stripe | 10/28/2022 | 7779 | 8090 | 389 |
| &nbsp;&nbsp;&nbsp; 3598739342, 25.576%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 1750 | 1820 | 1854 |
| &nbsp;&nbsp;&nbsp; 3602945835, 18.667%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 7852 | 8166 | 393 |
| &nbsp;&nbsp;&nbsp; 3603106785, 26.500%, 8/27/2026 †x¥# | Stripe | 3/03/2025 | 814 | 846 | 332 |
| &nbsp;&nbsp;&nbsp; 3604772128, 22.235%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 374 | 389 | 19 |
| &nbsp;&nbsp;&nbsp; 3608486471, 14.667%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 1027 | 1079 | 1080 |
| &nbsp;&nbsp;&nbsp; 3610042866, 17.867%, 8/01/2026 †x¥ | Stripe | 2/05/2025 | 1360 | 1415 | 765 |
| &nbsp;&nbsp;&nbsp; 3612039, 3.970%, 7/29/2022 †x¶#^ | Square | 2/02/2021 | 11938 | 11267 | 883 |
| &nbsp;&nbsp;&nbsp; 3613167470, 14.667%, 10/10/2023 †x¥#^ | Stripe | 4/14/2022 | 25712 | 26741 | 1286 |
| &nbsp;&nbsp;&nbsp; 3613576, 3.351%, 7/30/2022 †x¶#^ | Square | 2/03/2021 | 1103 | 1050 | 82 |
| &nbsp;&nbsp;&nbsp; 3615639028, 26.533%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 1658 | 1724 | 83 |
| &nbsp;&nbsp;&nbsp; 3616178104, 15.600%, 11/11/2025 †x¥#^ | Stripe | 5/16/2024 | 6208 | 6456 | 310 |
| &nbsp;&nbsp;&nbsp; 3617064, 3.321%, 8/01/2022 †x¶#^ | Square | 2/03/2021 | 199 | 189 | 15 |
| &nbsp;&nbsp;&nbsp; 3622008, 3.958%, 8/03/2022 †x¶#^ | Square | 2/05/2021 | 1755 | 1656 | 130 |
| &nbsp;&nbsp;&nbsp; 3622082370, 25.593%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 6151 | 6458 | 6480 |
| &nbsp;&nbsp;&nbsp; 3624436484, 19.328%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 11704 | 12289 | 12313 |
| &nbsp;&nbsp;&nbsp; 3625191298, 16.799%, 11/10/2023 †x¥#^ | Stripe | 5/17/2022 | 39337 | 40910 | 1967 |
| &nbsp;&nbsp;&nbsp; 3626412264, 18.000%, 4/13/2024 †x¥#^ | Stripe | 10/19/2022 | 7569 | 7871 | 378 |
| &nbsp;&nbsp;&nbsp; 3627649, 3.338%, 8/05/2022 †x¶#^ | Square | 2/09/2021 | 877 | 835 | 65 |
| &nbsp;&nbsp;&nbsp; 3628561, 4.675%, 8/05/2022 †x¶#^ | Square | 2/09/2021 | 594 | 555 | 44 |
| &nbsp;&nbsp;&nbsp; 3629370630, 26.531%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 4658 | 4891 | 4895 |
| &nbsp;&nbsp;&nbsp; 3629989250, 21.020%, 10/08/2026 †x¥ | Stripe | 4/14/2025 | 376 | 391 | 401 |
| &nbsp;&nbsp;&nbsp; 363068757, 16.133%, 4/22/2026 †x¥ | Stripe | 10/25/2024 | 2761 | 2871 | 2902 |
| &nbsp;&nbsp;&nbsp; 3633029, 3.968%, 8/08/2022 †x¶#^ | Square | 2/10/2021 | 764 | 721 | 57 |
| &nbsp;&nbsp;&nbsp; 3633429734, 24.000%, 8/04/2023 †x¥#^ | Stripe | 2/08/2022 | 244 | 254 | 12 |
| &nbsp;&nbsp;&nbsp; 3634270175, 19.867%, 3/10/2023 †x¥#^ | Stripe | 9/14/2021 | 1861 | 1936 | 93 |
| &nbsp;&nbsp;&nbsp; 3639877500, 26.462%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 318 | 331 | 339 |
| &nbsp;&nbsp;&nbsp; 3640525780, 21.982%, 5/19/2027 †x¥# | Stripe | 3/12/2025 | 1362 | 1417 | 254 |
| &nbsp;&nbsp;&nbsp; 3642819, 6.498%, 8/11/2022 †x¶#^ | Square | 2/16/2021 | 534 | 487 | 40 |
| &nbsp;&nbsp;&nbsp; 3643724, 3.334%, 8/11/2022 †x¶#^ | Square | 2/16/2021 | 6355 | 6054 | 470 |
| &nbsp;&nbsp;&nbsp; 3647744031, 25.867%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 556 | 578 | 589 |
| &nbsp;&nbsp;&nbsp; 3648134098, 20.000%, 9/02/2026 †x¥ | Stripe | 3/07/2025 | 589 | 613 | 629 |
| &nbsp;&nbsp;&nbsp; 3648137555, 26.528%, 10/09/2025 †x¥#^ | Stripe | 4/15/2024 | 11046 | 11488 | 552 |
| &nbsp;&nbsp;&nbsp; 3648746065, 19.462%, 4/23/2024 †x¥#^ | Stripe | 10/27/2022 | 6107 | 6351 | 305 |
| &nbsp;&nbsp;&nbsp; 3652882751, 19.318%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 839 | 872 | 893 |
| &nbsp;&nbsp;&nbsp; 3664665511, 19.054%, 4/03/2024 †x¥#^ | Stripe | 10/07/2022 | 3354 | 3488 | 168 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6139** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3670380, 3.324%, 8/18/2022 †x¶#^ | Square | 2/22/2021 | $409 | $390 | $30 |
| &nbsp;&nbsp;&nbsp; 3673107299, 20.393%, 2/05/2027 †x¥ | Stripe | 8/12/2025 | 4879 | 5074 | 5154 |
| &nbsp;&nbsp;&nbsp; 3677260311, 15.200%, 8/27/2026 †x¥ | Stripe | 3/03/2025 | 8690 | 9038 | 9115 |
| &nbsp;&nbsp;&nbsp; 3679128308, 25.600%, 1/05/2027 †x¥ | Stripe | 7/10/2025 | 69 | 72 | 74 |
| &nbsp;&nbsp;&nbsp; 3683647158, 14.000%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 35021 | 36422 | 36828 |
| &nbsp;&nbsp;&nbsp; 3688841836, 19.455%, 6/05/2024 †x¥#^ | Stripe | 12/09/2022 | 965 | 1003 | 48 |
| &nbsp;&nbsp;&nbsp; 3689136744, 16.915%, 3/06/2025 †x¥#^ | Stripe | 9/11/2023 | 3526 | 3667 | 176 |
| &nbsp;&nbsp;&nbsp; 3695037229, 20.000%, 4/04/2024 †x¥#^ | Stripe | 10/11/2022 | 3002 | 3122 | 150 |
| &nbsp;&nbsp;&nbsp; 369523456, 20.400%, 3/18/2027 †x¥ | Stripe | 9/22/2025 | 19795 | 20587 | 20848 |
| &nbsp;&nbsp;&nbsp; 3697415928, 20.933%, 3/01/2024 †x¥#^ | Stripe | 9/07/2022 | 23673 | 24620 | 1184 |
| &nbsp;&nbsp;&nbsp; 3698067572, 20.400%, 12/16/2026 †x¥ | Stripe | 6/23/2025 | 20000 | 20800 | 21036 |
| &nbsp;&nbsp;&nbsp; 3700761541, 22.400%, 6/05/2026 †x¥# | Stripe | 12/10/2024 | 28789 | 29941 | 7972 |
| &nbsp;&nbsp;&nbsp; 3701016666, 26.526%, 3/06/2027 †x¥ | Stripe | 9/10/2025 | 1464 | 1523 | 1546 |
| &nbsp;&nbsp;&nbsp; 3701344075, 26.000%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 918 | 964 | 966 |
| &nbsp;&nbsp;&nbsp; 3701504154, 21.333%, 3/05/2025 †x¥#^ | Stripe | 9/08/2023 | 733 | 763 | 37 |
| &nbsp;&nbsp;&nbsp; 3704613616, 26.532%, 2/20/2027 †x¥ | Stripe | 8/27/2025 | 34914 | 36310 | 36761 |
| &nbsp;&nbsp;&nbsp; 3704651350, 12.783%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 5672 | 5956 | 5963 |
| &nbsp;&nbsp;&nbsp; 3708133632, 20.000%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 2703 | 2812 | 135 |
| &nbsp;&nbsp;&nbsp; 3708198680, 18.267%, 7/22/2026 †x¥# | Stripe | 5/06/2024 | 11748 | 12218 | 587 |
| &nbsp;&nbsp;&nbsp; 370863421, 20.356%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 709 | 737 | 747 |
| &nbsp;&nbsp;&nbsp; 3710110054, 26.500%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 1548 | 1626 | 1627 |
| &nbsp;&nbsp;&nbsp; 3713097073, 21.196%, 3/20/2026 †x¥ | Stripe | 9/24/2024 | 177 | 184 | 190 |
| &nbsp;&nbsp;&nbsp; 3713982771, 19.333%, 3/13/2024 †x¥#^ | Stripe | 12/23/2021 | 29702 | 30890 | 1485 |
| &nbsp;&nbsp;&nbsp; 3715681807, 26.523%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 10276 | 10790 | 10806 |
| &nbsp;&nbsp;&nbsp; 3718822910, 20.000%, 8/16/2024 †x¥#^ | Stripe | 2/22/2023 | 755 | 785 | 38 |
| &nbsp;&nbsp;&nbsp; 3724862165, 22.531%, 3/05/2025 †x¥#^ | Stripe | 9/08/2023 | 2993 | 3113 | 150 |
| &nbsp;&nbsp;&nbsp; 3724883331, 26.524%, 10/30/2026 †x¥# | Stripe | 8/13/2024 | 528 | 549 | 151 |
| &nbsp;&nbsp;&nbsp; 3725684222, 18.533%, 1/17/2025 †x¥#^ | Stripe | 7/25/2023 | 1791 | 1863 | 90 |
| &nbsp;&nbsp;&nbsp; 372959937, 20.133%, 10/12/2024 †x¥#^ | Stripe | 4/19/2023 | 4374 | 4549 | 219 |
| &nbsp;&nbsp;&nbsp; 3733468529, 26.000%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 3318 | 3484 | 3485 |
| &nbsp;&nbsp;&nbsp; 373766873, 20.530%, 5/27/2024 †x¥#^ | Stripe | 10/25/2022 | 1614 | 1679 | 81 |
| &nbsp;&nbsp;&nbsp; 3738073096, 18.133%, 1/14/2027 †x¥ | Stripe | 7/21/2025 | 7663 | 7970 | 8119 |
| &nbsp;&nbsp;&nbsp; 3741741798, 26.529%, 8/04/2026 †x¥ | Stripe | 2/06/2025 | 242 | 252 | 143 |
| &nbsp;&nbsp;&nbsp; 3744496233, 19.461%, 5/30/2024 †x¥#^ | Stripe | 3/15/2022 | 12716 | 13225 | 636 |
| &nbsp;&nbsp;&nbsp; 374713355, 26.510%, 12/13/2025 †x¥#^ | Stripe | 6/20/2024 | 1388 | 1444 | 69 |
| &nbsp;&nbsp;&nbsp; 3747826899, 19.598%, 6/06/2024 †x¥#^ | Stripe | 12/12/2022 | 35887 | 37322 | 1794 |
| &nbsp;&nbsp;&nbsp; 3751733431, 25.865%, 11/03/2026 †x¥# | Stripe | 5/08/2025 | 15251 | 15861 | 763 |
| &nbsp;&nbsp;&nbsp; 3752737251, 25.865%, 11/30/2026 †x¥ | Stripe | 4/07/2025 | 4751 | 4941 | 2725 |
| &nbsp;&nbsp;&nbsp; 3753441957, 26.530%, 4/15/2025 †x¥#^ | Stripe | 10/19/2023 | 6550 | 6812 | 327 |
| &nbsp;&nbsp;&nbsp; 3758127604, 26.132%, 1/23/2027 †x¥# | Stripe | 11/29/2024 | 9263 | 9634 | 463 |
| &nbsp;&nbsp;&nbsp; 3759497766, 14.931%, 9/12/2026 †x¥ | Stripe | 3/19/2025 | 4110 | 4274 | 4312 |
| &nbsp;&nbsp;&nbsp; 3760748488, 26.507%, 10/08/2026 †x¥# | Stripe | 4/14/2025 | 1813 | 1886 | 346 |
| &nbsp;&nbsp;&nbsp; 3762555469, 12.797%, 1/15/2027 †x¥ | Stripe | 7/22/2025 | 7720 | 8029 | 8116 |
| &nbsp;&nbsp;&nbsp; 3764668236, 19.324%, 5/17/2023 †x¥#^ | Stripe | 11/19/2021 | 1480 | 1539 | 74 |
| &nbsp;&nbsp;&nbsp; 3769728284, 16.258%, 3/13/2027 †x¥ | Stripe | 9/17/2025 | 4267 | 4438 | 4482 |
| &nbsp;&nbsp;&nbsp; 3774821, 3.333%, 9/03/2022 †x¶#^ | Square | 3/05/2021 | 1007 | 959 | 75 |
| &nbsp;&nbsp;&nbsp; 3775665993, 16.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 2644 | 2776 | 2776 |
| &nbsp;&nbsp;&nbsp; 3786696190, 19.597%, 12/01/2024 †x¥#^ | Stripe | 4/07/2023 | 6404 | 6660 | 320 |
| &nbsp;&nbsp;&nbsp; 3788101032, 26.526%, 6/09/2026 †x¥# | Stripe | 12/12/2024 | 4222 | 4391 | 1191 |
| &nbsp;&nbsp;&nbsp; 3796326855, 21.589%, 8/20/2025 †x¥#^ | Stripe | 2/23/2024 | 1939 | 2017 | 97 |
| &nbsp;&nbsp;&nbsp; 3797896386, 17.866%, 10/28/2026 †x¥# | Stripe | 5/02/2025 | 86600 | 90064 | 4330 |
| &nbsp;&nbsp;&nbsp; 379999318, 24.113%, 12/14/2024 †x¥#^ | Stripe | 6/22/2023 | 1127 | 1172 | 56 |
| &nbsp;&nbsp;&nbsp; 3804736984, 26.489%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 787 | 819 | 828 |
| &nbsp;&nbsp;&nbsp; 3805262300, 19.598%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 17795 | 18685 | 18704 |
| &nbsp;&nbsp;&nbsp; 3806873, 3.330%, 9/04/2022 †x¶#^ | Square | 3/08/2021 | 4217 | 4016 | 312 |
| &nbsp;&nbsp;&nbsp; 380842781, 20.252%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 926 | 963 | 46 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6140** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3812124474, 26.525%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | $4535 | $4716 | $4787 |
| &nbsp;&nbsp;&nbsp; 3813606999, 26.533%, 12/22/2026 †x¥# | Stripe | 6/26/2025 | 23382 | 24318 | 6707 |
| &nbsp;&nbsp;&nbsp; 3816964737, 26.526%, 7/25/2025 †x¥#^ | Stripe | 1/30/2024 | 5255 | 5466 | 263 |
| &nbsp;&nbsp;&nbsp; 38181399, 20.000%, 7/15/2026 †x¥ | Stripe | 1/17/2025 | 637 | 662 | 676 |
| &nbsp;&nbsp;&nbsp; 381815794, 26.533%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 783 | 823 | 826 |
| &nbsp;&nbsp;&nbsp; 3818403, 5.344%, 9/06/2022 †x¶#^ | Square | 3/10/2021 | 2067 | 1913 | 153 |
| &nbsp;&nbsp;&nbsp; 3820957225, 16.799%, 8/01/2023 †x¥#^ | Stripe | 2/03/2022 | 56069 | 58312 | 2803 |
| &nbsp;&nbsp;&nbsp; 3821229194, 14.786%, 6/16/2026 †x¥ | Stripe | 12/19/2024 | 821 | 854 | 870 |
| &nbsp;&nbsp;&nbsp; 3821352464, 26.000%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 29914 | 31409 | 31405 |
| &nbsp;&nbsp;&nbsp; 3825206858, 14.667%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 32800 | 34440 | 34440 |
| &nbsp;&nbsp;&nbsp; 3830475, 4.686%, 9/09/2022 †x¶#^ | Square | 3/11/2021 | 450 | 420 | 33 |
| &nbsp;&nbsp;&nbsp; 3832436, 3.332%, 9/10/2022 †x¶#^ | Square | 3/12/2021 | 5567 | 5302 | 412 |
| &nbsp;&nbsp;&nbsp; 3835332, 4.709%, 9/10/2022 †x¶#^ | Square | 3/12/2021 | 1500 | 1401 | 111 |
| &nbsp;&nbsp;&nbsp; 3838191082, 20.000%, 8/11/2026 †x¥# | Stripe | 2/13/2025 | 78509 | 81650 | 3925 |
| &nbsp;&nbsp;&nbsp; 3838708481, 25.333%, 8/09/2024 †x¥#^ | Stripe | 2/14/2023 | 13164 | 13691 | 658 |
| &nbsp;&nbsp;&nbsp; 3839447923, 25.333%, 9/13/2024 †x¥#^ | Stripe | 3/21/2023 | 2581 | 2684 | 129 |
| &nbsp;&nbsp;&nbsp; 3841366, 5.082%, 9/11/2022 †x¶#^ | Square | 3/15/2021 | 9782 | 9089 | 724 |
| &nbsp;&nbsp;&nbsp; 3848886650, 25.333%, 4/12/2024 †x¥#^ | Stripe | 10/18/2022 | 641 | 666 | 32 |
| &nbsp;&nbsp;&nbsp; 3849181996, 26.519%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 2550 | 2677 | 2681 |
| &nbsp;&nbsp;&nbsp; 3849446699, 25.939%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 849 | 891 | 896 |
| &nbsp;&nbsp;&nbsp; 3850276564, 26.533%, 10/29/2026 †x¥# | Stripe | 5/05/2025 | 21955 | 22833 | 4230 |
| &nbsp;&nbsp;&nbsp; 3851549097, 13.067%, 5/20/2023 †x¥#^ | Stripe | 11/24/2021 | 1180 | 1227 | 59 |
| &nbsp;&nbsp;&nbsp; 3852528795, 18.756%, 4/26/2023 †x¥#^ | Stripe | 10/29/2021 | 381 | 396 | 19 |
| &nbsp;&nbsp;&nbsp; 3853165728, 25.593%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 1911 | 1988 | 2032 |
| &nbsp;&nbsp;&nbsp; 3854182790, 22.235%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 3297 | 3462 | 3462 |
| &nbsp;&nbsp;&nbsp; 3859632165, 25.867%, 10/30/2026 †x¥# | Stripe | 5/06/2025 | 4351 | 4525 | 822 |
| &nbsp;&nbsp;&nbsp; 3867588, 5.079%, 9/17/2022 †x¶#^ | Square | 3/19/2021 | 3609 | 3354 | 267 |
| &nbsp;&nbsp;&nbsp; 3876371555, 22.129%, 10/08/2025 †x¥#^ | Stripe | 7/28/2023 | 4897 | 5093 | 245 |
| &nbsp;&nbsp;&nbsp; 3879834337, 24.000%, 7/07/2023 †x¥#^ | Stripe | 1/11/2022 | 95 | 99 | 5 |
| &nbsp;&nbsp;&nbsp; 3881122304, 21.171%, 8/11/2026 †x¥# | Stripe | 2/13/2025 | 2967 | 3086 | 148 |
| &nbsp;&nbsp;&nbsp; 3881282806, 25.804%, 10/30/2026 †x¥ | Stripe | 5/06/2025 | 668 | 695 | 713 |
| &nbsp;&nbsp;&nbsp; 3881634562, 20.788%, 9/27/2023 †x¥#^ | Stripe | 4/01/2022 | 925 | 962 | 46 |
| &nbsp;&nbsp;&nbsp; 3885181587, 16.000%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 6095 | 6400 | 6400 |
| &nbsp;&nbsp;&nbsp; 3891921224, 18.133%, 3/26/2027 †x¥ | Stripe | 9/30/2025 | 2379 | 2474 | 2501 |
| &nbsp;&nbsp;&nbsp; 3895777958, 21.733%, 7/11/2025 †x¥#^ | Stripe | 1/17/2024 | 1667 | 1733 | 83 |
| &nbsp;&nbsp;&nbsp; 3896996429, 22.222%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 634 | 666 | 674 |
| &nbsp;&nbsp;&nbsp; 3897503206, 17.997%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 16078 | 16882 | 16975 |
| &nbsp;&nbsp;&nbsp; 3902440026, 23.060%, 5/28/2024 †x¥#^ | Stripe | 12/01/2022 | 3814 | 3966 | 191 |
| &nbsp;&nbsp;&nbsp; 3902610983, 26.527%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 6796 | 7136 | 7167 |
| &nbsp;&nbsp;&nbsp; 390627425, 24.000%, 10/18/2023 †x¥#^ | Stripe | 4/22/2022 | 19565 | 20348 | 978 |
| &nbsp;&nbsp;&nbsp; 3908079454, 26.533%, 3/13/2025 †x¥#^ | Stripe | 9/18/2023 | 1778 | 1849 | 89 |
| &nbsp;&nbsp;&nbsp; 3911282549, 26.514%, 11/01/2024 †x¥#^ | Stripe | 5/09/2023 | 1253 | 1303 | 63 |
| &nbsp;&nbsp;&nbsp; 3917381975, 20.133%, 11/21/2023 †x¥#^ | Stripe | 5/26/2022 | 2674 | 2781 | 134 |
| &nbsp;&nbsp;&nbsp; 3918104161, 26.519%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 2035 | 2117 | 2163 |
| &nbsp;&nbsp;&nbsp; 3921036172, 26.504%, 8/04/2026 †x¥ | Stripe | 12/10/2024 | 320 | 332 | 189 |
| &nbsp;&nbsp;&nbsp; 3921980191, 25.333%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 7200 | 7488 | 360 |
| &nbsp;&nbsp;&nbsp; 3922959680, 21.197%, 7/09/2026 †x¥# | Stripe | 1/13/2025 | 2722 | 2831 | 518 |
| &nbsp;&nbsp;&nbsp; 3926991375, 26.529%, 4/07/2027 †x¥# | Stripe | 2/11/2025 | 11132 | 11577 | 2141 |
| &nbsp;&nbsp;&nbsp; 3929596, 4.791%, 9/27/2022 †x¶#^ | Square | 3/31/2021 | 1107 | 1033 | 82 |
| &nbsp;&nbsp;&nbsp; 3929873, 3.333%, 9/27/2022 †x¶#^ | Square | 3/31/2021 | 1888 | 1798 | 140 |
| &nbsp;&nbsp;&nbsp; 3929886, 5.079%, 9/27/2022 †x¶#^ | Square | 3/31/2021 | 1794 | 1667 | 133 |
| &nbsp;&nbsp;&nbsp; 3931807, 3.335%, 9/28/2022 †x¶#^ | Square | 3/31/2021 | 9157 | 8722 | 678 |
| &nbsp;&nbsp;&nbsp; 3937399164, 25.591%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 243 | 253 | 261 |
| &nbsp;&nbsp;&nbsp; 3944689, 4.690%, 9/30/2022 †x¶#^ | Square | 4/01/2021 | 5843 | 5459 | 432 |
| &nbsp;&nbsp;&nbsp; 3946185517, 26.515%, 8/12/2025 †x¥#^ | Stripe | 2/15/2024 | 978 | 1017 | 49 |
| &nbsp;&nbsp;&nbsp; 3946256896, 20.533%, 5/25/2024 †x¥#^ | Stripe | 3/04/2022 | 46771 | 48642 | 2339 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6141** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 3947636, 3.492%, 9/30/2022 †x¶#^ | Square | 4/01/2021 | $127 | $121 | $9 |
| &nbsp;&nbsp;&nbsp; 3949551728, 26.531%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 519 | 540 | 555 |
| &nbsp;&nbsp;&nbsp; 3949658690, 18.530%, 8/08/2023 †x¥#^ | Stripe | 2/10/2022 | 4756 | 4946 | 238 |
| &nbsp;&nbsp;&nbsp; 395538476, 26.516%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 2822 | 2935 | 141 |
| &nbsp;&nbsp;&nbsp; 3963788633, 24.133%, 3/13/2025 †x¥#^ | Stripe | 9/18/2023 | 6083 | 6327 | 304 |
| &nbsp;&nbsp;&nbsp; 3964780373, 25.590%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 2600 | 2730 | 2730 |
| &nbsp;&nbsp;&nbsp; 3971867, 3.346%, 10/02/2022 †x¶#^ | Square | 4/06/2021 | 668 | 636 | 49 |
| &nbsp;&nbsp;&nbsp; 3973063, 6.472%, 10/02/2022 †x¶#^ | Square | 4/06/2021 | 275 | 250 | 20 |
| &nbsp;&nbsp;&nbsp; 3974073, 4.690%, 10/02/2022 †x¶#^ | Square | 4/06/2021 | 4635 | 4330 | 343 |
| &nbsp;&nbsp;&nbsp; 3974711, 5.079%, 10/02/2022 †x¶#^ | Square | 4/06/2021 | 13552 | 12593 | 1003 |
| &nbsp;&nbsp;&nbsp; 3975692, 3.968%, 10/03/2022 †x¶#^ | Square | 4/07/2021 | 5747 | 5473 | 425 |
| &nbsp;&nbsp;&nbsp; 3975796693, 16.133%, 3/05/2026 †x¥# | Stripe | 9/09/2024 | 366 | 380 | 68 |
| &nbsp;&nbsp;&nbsp; 39783765, 15.867%, 9/02/2025 †x¥#^ | Stripe | 3/07/2024 | 22443 | 23340 | 1122 |
| &nbsp;&nbsp;&nbsp; 3979113814, 21.866%, 4/15/2025 †x¥#^ | Stripe | 10/19/2023 | 31122 | 32367 | 1556 |
| &nbsp;&nbsp;&nbsp; 398004587, 21.997%, 12/08/2026 †x¥# | Stripe | 10/28/2024 | 295 | 307 | 15 |
| &nbsp;&nbsp;&nbsp; 3982041004, 26.530%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 13489 | 14164 | 14241 |
| &nbsp;&nbsp;&nbsp; 3983178054, 14.266%, 5/31/2024 †x¥#^ | Stripe | 12/06/2022 | 6093 | 6337 | 305 |
| &nbsp;&nbsp;&nbsp; 3983475053, 18.667%, 7/07/2026 †x¥# | Stripe | 1/09/2025 | 2730 | 2839 | 136 |
| &nbsp;&nbsp;&nbsp; 3984388, 6.136%, 10/05/2022 †x¶#^ | Square | 4/07/2021 | 180 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; 3984426360, 26.533%, 8/14/2026 †x¥# | Stripe | 2/19/2025 | 25142 | 26148 | 4835 |
| &nbsp;&nbsp;&nbsp; 3985079258, 18.667%, 12/27/2024 †x¥#^ | Stripe | 7/05/2023 | 335 | 349 | 17 |
| &nbsp;&nbsp;&nbsp; 3985304977, 20.000%, 7/26/2024 †x¥#^ | Stripe | 1/31/2023 | 25176 | 26183 | 1259 |
| &nbsp;&nbsp;&nbsp; 3989974, 6.472%, 10/06/2022 †x¶#^ | Square | 4/08/2021 | 1626 | 1507 | 120 |
| &nbsp;&nbsp;&nbsp; 3990155, 5.079%, 10/06/2022 †x¶#^ | Square | 4/08/2021 | 3709 | 3447 | 274 |
| &nbsp;&nbsp;&nbsp; 3990636, 3.321%, 10/06/2022 †x¶#^ | Square | 4/08/2021 | 12 | 11 | 1 |
| &nbsp;&nbsp;&nbsp; 3994811755, 20.000%, 8/19/2026 †x¥# | Stripe | 2/21/2025 | 4441 | 4618 | 827 |
| &nbsp;&nbsp;&nbsp; 3995604, 5.342%, 10/07/2022 †x¶#^ | Square | 4/09/2021 | 1214 | 1124 | 90 |
| &nbsp;&nbsp;&nbsp; 3995770, 5.079%, 10/07/2022 †x¶#^ | Square | 4/09/2021 | 11347 | 10543 | 840 |
| &nbsp;&nbsp;&nbsp; 3996270, 4.693%, 10/07/2022 †x¶#^ | Square | 4/09/2021 | 2320 | 2167 | 172 |
| &nbsp;&nbsp;&nbsp; 3997196933, 19.193%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 485 | 505 | 24 |
| &nbsp;&nbsp;&nbsp; 3999323770, 26.000%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 2417 | 2538 | 2547 |
| &nbsp;&nbsp;&nbsp; 3a981d9b-1d2f-46ea-ab77-94328daa2276, 10.490%, 2/28/2020 †x#^ | Funding Circle | 3/26/2018 | 2477 | 2477 | 743 |
| &nbsp;&nbsp;&nbsp; 3e176382-8381-4ed0-95ba-83b56504bbf7, 10.490%, 2/23/2023 †x#^ | Funding Circle | 8/25/2017 | 43093 | 43093 | 12928 |
| &nbsp;&nbsp;&nbsp; 40022db6-77cf-4915-93a1-b1750b2442a7, 26.990%, 11/28/2022 †x#^ | Funding Circle | 11/30/2017 | 34809 | 34809 | 10443 |
| &nbsp;&nbsp;&nbsp; 4005780750, 26.516%, 1/03/2025 †x¥#^ | Stripe | 7/11/2023 | 4454 | 4632 | 223 |
| &nbsp;&nbsp;&nbsp; 4008778518, 22.392%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 930 | 967 | 531 |
| &nbsp;&nbsp;&nbsp; 4010509, 20.799%, 10/13/2023 †x¥#^ | Stripe | 4/19/2022 | 45454 | 47272 | 2273 |
| &nbsp;&nbsp;&nbsp; 4010827, 5.079%, 10/08/2022 †x¶#^ | Square | 4/12/2021 | 4447 | 4132 | 329 |
| &nbsp;&nbsp;&nbsp; 4011114, 6.472%, 10/08/2022 †x¶#^ | Square | 4/12/2021 | 1579 | 1439 | 117 |
| &nbsp;&nbsp;&nbsp; 4012292315, 14.933%, 6/01/2024 †x¥#^ | Stripe | 10/06/2022 | 1821 | 1894 | 91 |
| &nbsp;&nbsp;&nbsp; 4015976, 4.688%, 10/09/2022 †x¶#^ | Square | 4/13/2021 | 1222 | 1142 | 90 |
| &nbsp;&nbsp;&nbsp; 4017170, 4.762%, 10/09/2022 †x¶#^ | Square | 4/13/2021 | 9855 | 9198 | 729 |
| &nbsp;&nbsp;&nbsp; 4018108164, 18.256%, 7/06/2024 †x¥#^ | Stripe | 1/11/2023 | 2021 | 2102 | 101 |
| &nbsp;&nbsp;&nbsp; 4019654, 6.472%, 10/10/2022 †x¶#^ | Square | 4/14/2021 | 4057 | 3698 | 300 |
| &nbsp;&nbsp;&nbsp; 4021645, 4.766%, 10/11/2022 †x¶#^ | Square | 4/14/2021 | 2904 | 2711 | 215 |
| &nbsp;&nbsp;&nbsp; 4022504622, 26.529%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 5559 | 5781 | 278 |
| &nbsp;&nbsp;&nbsp; 4023103766, 22.265%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 11070 | 11624 | 11626 |
| &nbsp;&nbsp;&nbsp; 4024861, 4.688%, 10/12/2022 †x¶#^ | Square | 4/14/2021 | 2362 | 2207 | 175 |
| &nbsp;&nbsp;&nbsp; 4026355, 6.472%, 10/12/2022 †x¶#^ | Square | 4/14/2021 | 4924 | 4488 | 364 |
| &nbsp;&nbsp;&nbsp; 4026454625, 22.400%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 3081 | 3204 | 154 |
| &nbsp;&nbsp;&nbsp; 4028568859, 17.333%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 6364 | 6682 | 6713 |
| &nbsp;&nbsp;&nbsp; 4029077, 3.336%, 10/13/2022 †x¶#^ | Square | 4/15/2021 | 2203 | 2098 | 163 |
| &nbsp;&nbsp;&nbsp; 4030494124, 26.525%, 2/04/2027 †x¥ | Stripe | 8/11/2025 | 4710 | 4899 | 4955 |
| &nbsp;&nbsp;&nbsp; 4032701, 4.697%, 10/14/2022 †x¶#^ | Square | 4/16/2021 | 3365 | 3144 | 249 |
| &nbsp;&nbsp;&nbsp; 4035223364, 19.464%, 2/11/2026 †x¥#^ | Stripe | 6/20/2024 | 5261 | 5472 | 981 |
| &nbsp;&nbsp;&nbsp; 4035544231, 17.067%, 1/26/2023 †x¥#^ | Stripe | 8/02/2021 | 4081 | 4244 | 204 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6142** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4036281, 6.149%, 10/14/2022 †x¶#^ | Square | 4/16/2021 | $3588 | $3285 | $265 |
| &nbsp;&nbsp;&nbsp; 4040460878, 21.045%, 12/19/2024 †x¥#^ | Stripe | 6/26/2023 | 104 | 108 | 5 |
| &nbsp;&nbsp;&nbsp; 4042674605, 25.333%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 3700 | 3848 | 185 |
| &nbsp;&nbsp;&nbsp; 4044086, 4.700%, 10/16/2022 †x¶#^ | Square | 4/20/2021 | 562 | 526 | 42 |
| &nbsp;&nbsp;&nbsp; 4044389, 5.334%, 10/16/2022 †x¶#^ | Square | 4/20/2021 | 554 | 513 | 41 |
| &nbsp;&nbsp;&nbsp; 4044472, 5.079%, 10/16/2022 †x¶#^ | Square | 4/20/2021 | 3447 | 3203 | 255 |
| &nbsp;&nbsp;&nbsp; 4050035138, 25.333%, 5/07/2024 †x¥#^ | Stripe | 11/10/2022 | 62 | 65 | 3 |
| &nbsp;&nbsp;&nbsp; 4050353, 6.168%, 10/19/2022 †x¶#^ | Square | 4/21/2021 | 571 | 523 | 42 |
| &nbsp;&nbsp;&nbsp; 4053867596, 24.912%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 5447 | 5720 | 5720 |
| &nbsp;&nbsp;&nbsp; 405462238, 22.781%, 8/05/2026 †x¥# | Stripe | 5/28/2024 | 52 | 54 | 3 |
| &nbsp;&nbsp;&nbsp; 4055063, 4.762%, 10/20/2022 †x¶#^ | Square | 4/22/2021 | 1340 | 1251 | 99 |
| &nbsp;&nbsp;&nbsp; 4055136476, 20.392%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 1051 | 1093 | 1112 |
| &nbsp;&nbsp;&nbsp; 4056454, 5.345%, 10/20/2022 †x¶#^ | Square | 4/22/2021 | 1850 | 1713 | 137 |
| &nbsp;&nbsp;&nbsp; 4058913904, 26.508%, 3/18/2026 †x¥ | Stripe | 9/20/2024 | 467 | 485 | 499 |
| &nbsp;&nbsp;&nbsp; 4060551009, 20.909%, 5/01/2024 †x¥#^ | Stripe | 11/04/2022 | 1569 | 1632 | 78 |
| &nbsp;&nbsp;&nbsp; 4060999833, 18.101%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 3224 | 3385 | 3385 |
| &nbsp;&nbsp;&nbsp; 4061331, 6.472%, 10/21/2022 †x¶#^ | Square | 4/23/2021 | 8004 | 7296 | 592 |
| &nbsp;&nbsp;&nbsp; 40627ae9-e223-4ddb-a426-4c2b8907300e, 15.420%, 3/05/2024 †x#^ | Funding Circle | 9/07/2018 | 64220 | 64220 | 19266 |
| &nbsp;&nbsp;&nbsp; 4063039992, 19.728%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 4200 | 4368 | 210 |
| &nbsp;&nbsp;&nbsp; 4069620801, 18.000%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 17058 | 17740 | 853 |
| &nbsp;&nbsp;&nbsp; 4070759, 5.083%, 10/22/2022 †x¶#^ | Square | 4/26/2021 | 5892 | 5475 | 436 |
| &nbsp;&nbsp;&nbsp; 4070858, 4.716%, 10/22/2022 †x¶#^ | Square | 4/26/2021 | 686 | 641 | 51 |
| &nbsp;&nbsp;&nbsp; 4071559980, 26.507%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 2148 | 2255 | 2262 |
| &nbsp;&nbsp;&nbsp; 4078331, 6.472%, 10/23/2022 †x¶#^ | Square | 4/27/2021 | 1060 | 966 | 78 |
| &nbsp;&nbsp;&nbsp; 4080247, 6.472%, 10/23/2022 †x¶#^ | Square | 4/27/2021 | 13585 | 12383 | 1005 |
| &nbsp;&nbsp;&nbsp; 4080395, 3.332%, 10/23/2022 †x¶#^ | Square | 4/27/2021 | 7459 | 7104 | 552 |
| &nbsp;&nbsp;&nbsp; 4081732976, 26.533%, 8/16/2025 †x¥#^ | Stripe | 6/15/2023 | 15230 | 15839 | 761 |
| &nbsp;&nbsp;&nbsp; 4083220644, 26.514%, 9/08/2026 †x¥# | Stripe | 3/13/2025 | 2578 | 2681 | 481 |
| &nbsp;&nbsp;&nbsp; 4083706, 3.333%, 10/26/2022 †x¶#^ | Square | 4/28/2021 | 447 | 426 | 33 |
| &nbsp;&nbsp;&nbsp; 4083805098, 22.400%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 324 | 337 | 16 |
| &nbsp;&nbsp;&nbsp; 4086204, 3.965%, 10/26/2022 †x¶#^ | Square | 4/28/2021 | 1625 | 1534 | 120 |
| &nbsp;&nbsp;&nbsp; 4088340586, 26.444%, 9/04/2026 †x¥# | Stripe | 3/11/2025 | 439 | 457 | 85 |
| &nbsp;&nbsp;&nbsp; 4088711143, 17.867%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 967 | 1006 | 1021 |
| &nbsp;&nbsp;&nbsp; 4088835803, 16.133%, 8/25/2026 †x¥ | Stripe | 2/27/2025 | 11950 | 12428 | 12549 |
| &nbsp;&nbsp;&nbsp; 4089769592, 25.048%, 11/05/2024 †x¥#^ | Stripe | 5/11/2023 | 1531 | 1592 | 77 |
| &nbsp;&nbsp;&nbsp; 4091863822, 26.510%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 600 | 624 | 634 |
| &nbsp;&nbsp;&nbsp; 4094673658, 18.532%, 5/16/2024 †x¥#^ | Stripe | 11/21/2022 | 3336 | 3470 | 167 |
| &nbsp;&nbsp;&nbsp; 4095521925, 26.533%, 1/06/2027 †x¥ | Stripe | 7/11/2025 | 332 | 346 | 351 |
| &nbsp;&nbsp;&nbsp; 4099454638, 21.198%, 2/25/2025 †x¥#^ | Stripe | 8/31/2023 | 22839 | 23753 | 1142 |
| &nbsp;&nbsp;&nbsp; 410291864, 26.500%, 11/01/2024 †x¥#^ | Stripe | 5/09/2023 | 1257 | 1307 | 63 |
| &nbsp;&nbsp;&nbsp; 4104677496, 20.800%, 2/04/2023 †x¥#^ | Stripe | 8/11/2021 | 18 | 19 | 1 |
| &nbsp;&nbsp;&nbsp; 4105728727, 19.576%, 7/26/2024 †x¥#^ | Stripe | 1/31/2023 | 1291 | 1343 | 65 |
| &nbsp;&nbsp;&nbsp; 410785309, 19.330%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 17397 | 18267 | 18377 |
| &nbsp;&nbsp;&nbsp; 4107979962, 26.131%, 5/30/2026 †x¥ | Stripe | 12/04/2024 | 1413 | 1470 | 1515 |
| &nbsp;&nbsp;&nbsp; 4108626711, 14.667%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 2736 | 2873 | 2878 |
| &nbsp;&nbsp;&nbsp; 4110996375, 18.667%, 8/17/2024 †x¥#^ | Stripe | 2/23/2023 | 1332 | 1385 | 67 |
| &nbsp;&nbsp;&nbsp; 4114594, 5.079%, 11/01/2022 †x¶#^ | Square | 5/05/2021 | 1228 | 1141 | 91 |
| &nbsp;&nbsp;&nbsp; 4114757642, 22.264%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 17429 | 18300 | 18308 |
| &nbsp;&nbsp;&nbsp; 4114870, 4.762%, 11/01/2022 †x¶#^ | Square | 5/05/2021 | 79 | 74 | 6 |
| &nbsp;&nbsp;&nbsp; 4115009, 5.079%, 11/01/2022 †x¶#^ | Square | 5/05/2021 | 1279 | 1188 | 95 |
| &nbsp;&nbsp;&nbsp; 4115659906, 16.133%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 3488 | 3628 | 3664 |
| &nbsp;&nbsp;&nbsp; 4117612257, 20.638%, 10/05/2024 †x¥#^ | Stripe | 4/12/2023 | 402 | 418 | 20 |
| &nbsp;&nbsp;&nbsp; 4122011, 4.762%, 11/04/2022 †x¶#^ | Square | 5/06/2021 | 10189 | 9509 | 754 |
| &nbsp;&nbsp;&nbsp; 4122080, 3.333%, 11/04/2022 †x¶#^ | Square | 5/06/2021 | 10023 | 9546 | 742 |
| &nbsp;&nbsp;&nbsp; 4123775, 3.331%, 11/04/2022 †x¶#^ | Square | 5/06/2021 | 5308 | 5056 | 393 |
| &nbsp;&nbsp;&nbsp; 4124937, 6.472%, 11/05/2022 †x¶#^ | Square | 5/07/2021 | 4764 | 4342 | 353 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6143** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4130594624, 26.130%, 3/20/2026 †x¥ | Stripe | 9/24/2024 | $1022 | $1063 | $1097 |
| &nbsp;&nbsp;&nbsp; 4130732886, 21.412%, 11/14/2024 †x¥#^ | Stripe | 5/22/2023 | 1584 | 1647 | 79 |
| &nbsp;&nbsp;&nbsp; 41310721, 26.533%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 4908 | 5154 | 5187 |
| &nbsp;&nbsp;&nbsp; 4133020647, 26.505%, 3/06/2025 †x¥#^ | Stripe | 9/11/2023 | 239 | 249 | 12 |
| &nbsp;&nbsp;&nbsp; 4137298, 3.333%, 11/08/2022 †x¶#^ | Square | 5/12/2021 | 575 | 548 | 43 |
| &nbsp;&nbsp;&nbsp; 4137319, 3.333%, 11/08/2022 †x¶#^ | Square | 5/12/2021 | 9595 | 9138 | 710 |
| &nbsp;&nbsp;&nbsp; 4141685272, 19.838%, 4/24/2024 †x¥#^ | Stripe | 10/28/2022 | 2651 | 2758 | 133 |
| &nbsp;&nbsp;&nbsp; 4143175876, 19.333%, 10/22/2026 †x¥ | Stripe | 4/28/2025 | 286 | 297 | 304 |
| &nbsp;&nbsp;&nbsp; 4144059174, 15.599%, 1/29/2024 †x¥#^ | Stripe | 10/22/2021 | 1441 | 1498 | 72 |
| &nbsp;&nbsp;&nbsp; 4145443815, 18.133%, 8/05/2027 †x¥ | Stripe | 2/09/2026 | 95000 | 99750 | 99754 |
| &nbsp;&nbsp;&nbsp; 4146215, 3.333%, 11/11/2022 †x¶#^ | Square | 5/13/2021 | 20308 | 19341 | 1503 |
| &nbsp;&nbsp;&nbsp; 4146217915, 26.533%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 2848 | 2990 | 2992 |
| &nbsp;&nbsp;&nbsp; 4148695, 3.337%, 11/12/2022 †x¶#^ | Square | 5/14/2021 | 900 | 857 | 67 |
| &nbsp;&nbsp;&nbsp; 4148857, 3.336%, 11/12/2022 †x¶#^ | Square | 5/14/2021 | 424 | 403 | 31 |
| &nbsp;&nbsp;&nbsp; 4148868410, 23.733%, 11/19/2024 †x¥#^ | Stripe | 5/25/2023 | 36605 | 38069 | 1830 |
| &nbsp;&nbsp;&nbsp; 4150133240, 25.067%, 8/16/2024 †x¥#^ | Stripe | 2/22/2023 | 4144 | 4310 | 207 |
| &nbsp;&nbsp;&nbsp; 4152383841, 23.182%, 8/25/2026 †x¥ | Stripe | 2/27/2025 | 573 | 596 | 615 |
| &nbsp;&nbsp;&nbsp; 4154043342, 17.867%, 7/09/2024 †x¥#^ | Stripe | 11/16/2022 | 93446 | 97184 | 4672 |
| &nbsp;&nbsp;&nbsp; 4154914590, 25.600%, 1/13/2027 †x¥# | Stripe | 7/18/2025 | 450 | 468 | 183 |
| &nbsp;&nbsp;&nbsp; 4157226571, 20.258%, 1/17/2025 †x¥#^ | Stripe | 7/25/2023 | 2655 | 2761 | 133 |
| &nbsp;&nbsp;&nbsp; 4157925, 5.079%, 11/13/2022 †x¶#^ | Square | 5/17/2021 | 396 | 368 | 29 |
| &nbsp;&nbsp;&nbsp; 4159644, 3.333%, 11/13/2022 †x¶#^ | Square | 5/17/2021 | 943 | 898 | 70 |
| &nbsp;&nbsp;&nbsp; 4160116, 5.079%, 11/13/2022 †x¶#^ | Square | 5/17/2021 | 1824 | 1695 | 135 |
| &nbsp;&nbsp;&nbsp; 4160696, 4.762%, 11/13/2022 †x¶#^ | Square | 5/17/2021 | 22538 | 21035 | 1668 |
| &nbsp;&nbsp;&nbsp; 4162579033, 16.000%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 1926 | 2023 | 2023 |
| &nbsp;&nbsp;&nbsp; 4164556, 3.335%, 11/14/2022 †x¶#^ | Square | 5/18/2021 | 1621 | 1544 | 120 |
| &nbsp;&nbsp;&nbsp; 4165277, 5.079%, 11/15/2022 †x¶#^ | Square | 5/19/2021 | 1205 | 1120 | 89 |
| &nbsp;&nbsp;&nbsp; 4166662, 4.773%, 11/16/2022 †x¶#^ | Square | 5/19/2021 | 556 | 519 | 41 |
| &nbsp;&nbsp;&nbsp; 4168550176, 25.333%, 5/28/2024 †x¥#^ | Stripe | 12/01/2022 | 1175 | 1222 | 59 |
| &nbsp;&nbsp;&nbsp; 4169119537, 25.333%, 8/27/2024 †x¥#^ | Stripe | 3/02/2023 | 524 | 545 | 26 |
| &nbsp;&nbsp;&nbsp; 4169131078, 23.067%, 2/14/2024 †x¥#^ | Stripe | 8/19/2022 | 3496 | 3635 | 175 |
| &nbsp;&nbsp;&nbsp; 4172574343, 18.667%, 9/12/2026 †x¥ | Stripe | 3/19/2025 | 156 | 162 | 164 |
| &nbsp;&nbsp;&nbsp; 417390876, 25.043%, 6/01/2024 †x¥#^ | Stripe | 12/07/2022 | 2063 | 2146 | 103 |
| &nbsp;&nbsp;&nbsp; 4174500573, 20.399%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 3756 | 3906 | 188 |
| &nbsp;&nbsp;&nbsp; 4174713074, 19.200%, 10/13/2024 †x¥#^ | Stripe | 8/11/2022 | 5751 | 5981 | 288 |
| &nbsp;&nbsp;&nbsp; 41760496, 15.333%, 8/09/2026 †x¥# | Stripe | 5/30/2024 | 623 | 648 | 115 |
| &nbsp;&nbsp;&nbsp; 4176239212, 19.200%, 5/30/2024 †x¥#^ | Stripe | 12/05/2022 | 692 | 720 | 35 |
| &nbsp;&nbsp;&nbsp; 4177201388, 18.532%, 6/04/2024 †x¥#^ | Stripe | 12/08/2022 | 12313 | 12805 | 616 |
| &nbsp;&nbsp;&nbsp; 4177866, 3.974%, 11/19/2022 †x¶#^ | Square | 5/21/2021 | 1164 | 1099 | 86 |
| &nbsp;&nbsp;&nbsp; 4177881, 3.365%, 11/19/2022 †x¶#^ | Square | 5/21/2021 | 919 | 875 | 68 |
| &nbsp;&nbsp;&nbsp; 4178194, 3.968%, 11/19/2022 †x¶#^ | Square | 5/21/2021 | 3766 | 3554 | 279 |
| &nbsp;&nbsp;&nbsp; 4180339462, 18.111%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 1055 | 1097 | 1117 |
| &nbsp;&nbsp;&nbsp; 4180391674, 25.818%, 8/06/2026 †x¥ | Stripe | 2/10/2025 | 668 | 695 | 717 |
| &nbsp;&nbsp;&nbsp; 4184979081, 13.333%, 12/19/2024 †x¥#^ | Stripe | 6/26/2023 | 6433 | 6691 | 322 |
| &nbsp;&nbsp;&nbsp; 4185441495, 21.600%, 9/27/2025 †x¥#^ | Stripe | 4/03/2024 | 55712 | 57941 | 2786 |
| &nbsp;&nbsp;&nbsp; 4185768095, 21.988%, 7/16/2026 †x¥ | Stripe | 1/21/2025 | 97 | 101 | 106 |
| &nbsp;&nbsp;&nbsp; 4187839124, 22.521%, 7/26/2023 †x¥#^ | Stripe | 1/28/2022 | 4464 | 4642 | 223 |
| &nbsp;&nbsp;&nbsp; 4189041, 5.079%, 11/20/2022 †x¶#^ | Square | 5/24/2021 | 2573 | 2391 | 190 |
| &nbsp;&nbsp;&nbsp; 4189243857, 18.133%, 1/26/2027 †x¥ | Stripe | 7/31/2025 | 505 | 525 | 534 |
| &nbsp;&nbsp;&nbsp; 4190234257, 17.995%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 2450 | 2548 | 2585 |
| &nbsp;&nbsp;&nbsp; 4190354, 4.749%, 11/20/2022 †x¶#^ | Square | 5/24/2021 | 565 | 528 | 42 |
| &nbsp;&nbsp;&nbsp; 4190760, 3.321%, 11/20/2022 †x¶#^ | Square | 5/24/2021 | 780 | 743 | 58 |
| &nbsp;&nbsp;&nbsp; 4191031145, 11.333%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 12651 | 13157 | 633 |
| &nbsp;&nbsp;&nbsp; 419182442, 22.667%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 3640 | 3785 | 182 |
| &nbsp;&nbsp;&nbsp; 4191995580, 15.190%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 8117 | 8523 | 8522 |
| &nbsp;&nbsp;&nbsp; 4193566736, 19.065%, 11/02/2024 †x¥#^ | Stripe | 3/09/2023 | 41351 | 42992 | 2068 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6144** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4194467, 3.970%, 11/21/2022 †x¶#^ | Square | 5/25/2021 | $11088 | $10464 | $820 |
| &nbsp;&nbsp;&nbsp; 4196427782, 21.198%, 4/16/2025 †x¥#^ | Stripe | 10/20/2023 | 6002 | 6243 | 300 |
| &nbsp;&nbsp;&nbsp; 4196970660, 18.784%, 6/10/2025 †x¥#^ | Stripe | 12/14/2023 | 5993 | 6232 | 300 |
| &nbsp;&nbsp;&nbsp; 4198525420, 20.400%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 12955 | 13603 | 13612 |
| &nbsp;&nbsp;&nbsp; 4199657, 5.079%, 11/22/2022 †x¶#^ | Square | 5/26/2021 | 1334 | 1240 | 99 |
| &nbsp;&nbsp;&nbsp; 4199908, 3.986%, 11/22/2022 †x¶#^ | Square | 5/26/2021 | 544 | 513 | 40 |
| &nbsp;&nbsp;&nbsp; 4200087, 3.330%, 11/23/2022 †x¶#^ | Square | 5/26/2021 | 6709 | 6390 | 496 |
| &nbsp;&nbsp;&nbsp; 4200164, 3.332%, 11/23/2022 †x¶#^ | Square | 5/26/2021 | 2664 | 2538 | 197 |
| &nbsp;&nbsp;&nbsp; 4200681781, 24.933%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 83618 | 87799 | 87875 |
| &nbsp;&nbsp;&nbsp; 4201893, 3.335%, 11/24/2022 †x¶#^ | Square | 5/26/2021 | 10003 | 9526 | 740 |
| &nbsp;&nbsp;&nbsp; 4202814, 3.348%, 11/24/2022 †x¶#^ | Square | 5/26/2021 | 715 | 681 | 53 |
| &nbsp;&nbsp;&nbsp; 4205119213, 13.730%, 11/15/2023 †x¥#^ | Stripe | 5/20/2022 | 9108 | 9472 | 455 |
| &nbsp;&nbsp;&nbsp; 4205260, 5.079%, 11/24/2022 †x¶#^ | Square | 5/26/2021 | 6365 | 5914 | 471 |
| &nbsp;&nbsp;&nbsp; 4206278082, 26.533%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 45166 | 47424 | 47555 |
| &nbsp;&nbsp;&nbsp; 4207077157, 19.467%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | 9333 | 9707 | 467 |
| &nbsp;&nbsp;&nbsp; 420829413, 26.485%, 1/08/2025 †x¥#^ | Stripe | 7/14/2023 | 879 | 914 | 44 |
| &nbsp;&nbsp;&nbsp; 4208475, 3.333%, 11/25/2022 †x¶#^ | Square | 5/27/2021 | 928 | 883 | 69 |
| &nbsp;&nbsp;&nbsp; 4210915, 3.336%, 11/25/2022 †x¶#^ | Square | 5/27/2021 | 2358 | 2246 | 175 |
| &nbsp;&nbsp;&nbsp; 4212505, 5.079%, 11/25/2022 †x¶#^ | Square | 5/27/2021 | 2066 | 1920 | 153 |
| &nbsp;&nbsp;&nbsp; 4214061975, 25.333%, 9/15/2024 †x¥#^ | Stripe | 1/20/2023 | 3658 | 3804 | 183 |
| &nbsp;&nbsp;&nbsp; 4214603685, 20.927%, 8/13/2026 †x¥ | Stripe | 2/18/2025 | 1982 | 2061 | 2091 |
| &nbsp;&nbsp;&nbsp; 4215711241, 25.333%, 9/13/2024 †x¥#^ | Stripe | 3/21/2023 | 2038 | 2119 | 102 |
| &nbsp;&nbsp;&nbsp; 4215781001, 14.667%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 9896 | 10390 | 10440 |
| &nbsp;&nbsp;&nbsp; 4216138, 3.326%, 11/26/2022 †x¶#^ | Square | 5/28/2021 | 812 | 786 | 60 |
| &nbsp;&nbsp;&nbsp; 4216921, 3.333%, 11/26/2022 †x¶#^ | Square | 5/28/2021 | 445 | 424 | 33 |
| &nbsp;&nbsp;&nbsp; 4217084834, 17.998%, 4/02/2025 †x¥#^ | Stripe | 10/06/2023 | 31014 | 32255 | 1551 |
| &nbsp;&nbsp;&nbsp; 4224252765, 23.198%, 10/17/2024 †x¥#^ | Stripe | 4/24/2023 | 1451 | 1509 | 73 |
| &nbsp;&nbsp;&nbsp; 4226007822, 15.333%, 3/08/2025 †x¥#^ | Stripe | 9/13/2023 | 6944 | 7222 | 347 |
| &nbsp;&nbsp;&nbsp; 4228209200, 26.095%, 10/03/2025 †x¥#^ | Stripe | 4/09/2024 | 714 | 743 | 36 |
| &nbsp;&nbsp;&nbsp; 4229952822, 24.796%, 4/10/2025 †x¥#^ | Stripe | 10/16/2023 | 9818 | 10211 | 491 |
| &nbsp;&nbsp;&nbsp; 4231891005, 23.333%, 10/12/2023 †x¥#^ | Stripe | 4/18/2022 | 8069 | 8392 | 403 |
| &nbsp;&nbsp;&nbsp; 4234408356, 20.399%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 19557 | 20340 | 20724 |
| &nbsp;&nbsp;&nbsp; 423442082, 24.393%, 9/18/2024 †x¥#^ | Stripe | 3/24/2023 | 2783 | 2895 | 139 |
| &nbsp;&nbsp;&nbsp; 4237865598, 26.522%, 1/02/2025 †x¥#^ | Stripe | 7/10/2023 | 2999 | 3119 | 150 |
| &nbsp;&nbsp;&nbsp; 423999173, 26.476%, 12/20/2025 †x¥#^ | Stripe | 6/26/2024 | 699 | 727 | 35 |
| &nbsp;&nbsp;&nbsp; 4243303396, 26.533%, 9/09/2026 †x¥# | Stripe | 1/30/2025 | 265 | 275 | 13 |
| &nbsp;&nbsp;&nbsp; 4243483109, 26.533%, 8/14/2026 †x¥ | Stripe | 2/19/2025 | 14144 | 14710 | 15050 |
| &nbsp;&nbsp;&nbsp; 4246936973, 17.333%, 4/04/2024 †x¥#^ | Stripe | 10/11/2022 | 19237 | 20007 | 962 |
| &nbsp;&nbsp;&nbsp; 4248434383, 21.852%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 3952 | 4110 | 198 |
| &nbsp;&nbsp;&nbsp; 4250286545, 26.500%, 9/23/2025 †x¥#^ | Stripe | 3/28/2024 | 751 | 781 | 38 |
| &nbsp;&nbsp;&nbsp; 4251152460, 26.533%, 8/21/2025 †x¥#^ | Stripe | 2/26/2024 | 202 | 210 | 10 |
| &nbsp;&nbsp;&nbsp; 4256437847, 23.596%, 12/29/2023 †x¥#^ | Stripe | 7/06/2022 | 9716 | 10104 | 486 |
| &nbsp;&nbsp;&nbsp; 4258552362, 26.519%, 12/15/2026 †x¥ | Stripe | 6/20/2025 | 1000 | 1040 | 1052 |
| &nbsp;&nbsp;&nbsp; 4260246178, 26.533%, 5/28/2025 †x¥#^ | Stripe | 12/01/2023 | 114091 | 118655 | 5705 |
| &nbsp;&nbsp;&nbsp; 4261227511, 17.597%, 6/05/2026 †x¥ | Stripe | 12/10/2024 | 4662 | 4848 | 4908 |
| &nbsp;&nbsp;&nbsp; 4263126205, 24.000%, 11/23/2023 †x¥#^ | Stripe | 5/31/2022 | 10211 | 10620 | 511 |
| &nbsp;&nbsp;&nbsp; 4265364560, 22.353%, 7/09/2026 †x¥# | Stripe | 1/13/2025 | 741 | 771 | 37 |
| &nbsp;&nbsp;&nbsp; 4270077472, 14.667%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 12214 | 12824 | 12872 |
| &nbsp;&nbsp;&nbsp; 4278233098, 18.800%, 12/05/2026 †x¥ | Stripe | 6/11/2025 | 2203 | 2291 | 2332 |
| &nbsp;&nbsp;&nbsp; 4282645691, 26.528%, 4/19/2025 †x¥#^ | Stripe | 10/25/2023 | 250 | 260 | 12 |
| &nbsp;&nbsp;&nbsp; 4282683320, 26.513%, 12/24/2024 †x¥#^ | Stripe | 6/29/2023 | 3823 | 3976 | 191 |
| &nbsp;&nbsp;&nbsp; 42830072, 16.000%, 3/12/2027 †x¥ | Stripe | 9/16/2025 | 6052 | 6294 | 6378 |
| &nbsp;&nbsp;&nbsp; 4283985762, 19.333%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 1185 | 1232 | 59 |
| &nbsp;&nbsp;&nbsp; 4285762938, 26.000%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 2800 | 2940 | 2940 |
| &nbsp;&nbsp;&nbsp; 4287919085, 26.510%, 9/11/2026 †x¥ | Stripe | 3/18/2025 | 156 | 162 | 167 |
| &nbsp;&nbsp;&nbsp; 4289794039, 24.000%, 2/21/2023 †x¥#^ | Stripe | 8/26/2021 | 195 | 203 | 10 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6145** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 429094979, 26.514%, 6/21/2025 †x¥#^ | Stripe | 12/28/2023 | $51 | $53 | $3 |
| &nbsp;&nbsp;&nbsp; 4293703145, 25.600%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 2656 | 2762 | 2817 |
| &nbsp;&nbsp;&nbsp; 4295299815, 20.000%, 5/27/2025 †x¥#^ | Stripe | 11/30/2023 | 15971 | 16610 | 799 |
| &nbsp;&nbsp;&nbsp; 4298486951, 23.063%, 11/10/2025 †x¥#^ | Stripe | 9/19/2023 | 862 | 896 | 43 |
| &nbsp;&nbsp;&nbsp; 4299720209, 23.195%, 8/02/2024 †x¥#^ | Stripe | 2/07/2023 | 10100 | 10504 | 505 |
| &nbsp;&nbsp;&nbsp; 4299891488, 19.200%, 1/25/2024 †x¥#^ | Stripe | 8/01/2022 | 2946 | 3063 | 147 |
| &nbsp;&nbsp;&nbsp; 4303638247, 24.266%, 3/12/2024 †x¥#^ | Stripe | 9/15/2022 | 190117 | 197721 | 9506 |
| &nbsp;&nbsp;&nbsp; 4306013685, 16.267%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 2935 | 3082 | 3083 |
| &nbsp;&nbsp;&nbsp; 4308248967, 25.600%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 2500 | 2625 | 2625 |
| &nbsp;&nbsp;&nbsp; 4308625966, 19.599%, 10/18/2024 †x¥#^ | Stripe | 4/25/2023 | 300 | 312 | 15 |
| &nbsp;&nbsp;&nbsp; 4310079270, 18.667%, 8/21/2026 †x¥ | Stripe | 2/25/2025 | 47811 | 49724 | 50489 |
| &nbsp;&nbsp;&nbsp; 4311196768, 22.400%, 11/07/2023 †x¥#^ | Stripe | 5/12/2022 | 8294 | 8626 | 415 |
| &nbsp;&nbsp;&nbsp; 4313636821, 16.000%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 14628 | 15359 | 15377 |
| &nbsp;&nbsp;&nbsp; 4315126750, 26.519%, 2/07/2026 †x¥#^ | Stripe | 8/14/2024 | 1944 | 2022 | 97 |
| &nbsp;&nbsp;&nbsp; 4315590065, 26.523%, 12/13/2024 †x¥#^ | Stripe | 6/21/2023 | 1878 | 1953 | 94 |
| &nbsp;&nbsp;&nbsp; 4315652607, 22.500%, 9/09/2025 †x¥#^ | Stripe | 1/17/2024 | 1958 | 2036 | 98 |
| &nbsp;&nbsp;&nbsp; 4324319696, 17.067%, 9/14/2024 †x¥#^ | Stripe | 3/22/2023 | 7830 | 8143 | 391 |
| &nbsp;&nbsp;&nbsp; 4325853217, 20.923%, 8/13/2026 †x¥ | Stripe | 2/18/2025 | 2167 | 2253 | 2295 |
| &nbsp;&nbsp;&nbsp; 4329141183, 17.997%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 12147 | 12633 | 12785 |
| &nbsp;&nbsp;&nbsp; 4329740609, 18.667%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 1380 | 1435 | 1461 |
| &nbsp;&nbsp;&nbsp; 4331126068, 18.533%, 4/12/2023 †x¥#^ | Stripe | 10/15/2021 | 1296 | 1348 | 65 |
| &nbsp;&nbsp;&nbsp; 4337465384, 20.907%, 7/06/2023 †x¥#^ | Stripe | 1/10/2022 | 318 | 330 | 16 |
| &nbsp;&nbsp;&nbsp; 4342790783, 26.529%, 3/20/2027 †x¥ | Stripe | 9/24/2025 | 2165 | 2252 | 2267 |
| &nbsp;&nbsp;&nbsp; 4345200141, 23.598%, 2/22/2025 †x¥#^ | Stripe | 1/06/2023 | 1471 | 1530 | 74 |
| &nbsp;&nbsp;&nbsp; 4345765847, 19.331%, 12/01/2026 †x¥ | Stripe | 6/05/2025 | 5049 | 5251 | 5382 |
| &nbsp;&nbsp;&nbsp; 4349189878, 17.333%, 9/30/2025 †x¥#^ | Stripe | 4/04/2024 | 2467 | 2565 | 123 |
| &nbsp;&nbsp;&nbsp; 4352629984, 21.984%, 9/10/2026 †x¥# | Stripe | 3/17/2025 | 2210 | 2298 | 413 |
| &nbsp;&nbsp;&nbsp; 435468826, 22.932%, 3/02/2024 †x¥#^ | Stripe | 9/08/2022 | 14187 | 14754 | 709 |
| &nbsp;&nbsp;&nbsp; 435579822, 18.799%, 8/10/2024 †x¥#^ | Stripe | 12/15/2022 | 16630 | 17295 | 832 |
| &nbsp;&nbsp;&nbsp; 4356252648, 19.822%, 8/15/2023 †x¥#^ | Stripe | 2/17/2022 | 542 | 564 | 27 |
| &nbsp;&nbsp;&nbsp; 4357149091, 19.200%, 1/12/2024 †x¥#^ | Stripe | 7/19/2022 | 1451 | 1509 | 73 |
| &nbsp;&nbsp;&nbsp; 4359260170, 26.522%, 4/23/2026 †x¥ | Stripe | 10/28/2024 | 1120 | 1165 | 1193 |
| &nbsp;&nbsp;&nbsp; 4365008554, 24.667%, 3/01/2025 †x¥#^ | Stripe | 9/07/2023 | 3500 | 3640 | 175 |
| &nbsp;&nbsp;&nbsp; 4370220735, 20.800%, 9/07/2026 †x¥# | Stripe | 1/13/2025 | 10586 | 11010 | 1975 |
| &nbsp;&nbsp;&nbsp; 4370532254, 20.400%, 1/30/2024 †x¥#^ | Stripe | 8/04/2022 | 165273 | 171884 | 8264 |
| &nbsp;&nbsp;&nbsp; 4381131495, 24.000%, 11/16/2023 †x¥#^ | Stripe | 10/29/2021 | 3496 | 3636 | 175 |
| &nbsp;&nbsp;&nbsp; 4381639, 3.006%, 12/30/2022 †x¶#^ | Square | 7/02/2021 | 207 | 198 | 15 |
| &nbsp;&nbsp;&nbsp; 4382200230, 20.247%, 5/03/2024 †x¥#^ | Stripe | 11/08/2022 | 2419 | 2516 | 121 |
| &nbsp;&nbsp;&nbsp; 4383174, 3.012%, 12/30/2022 †x¶#^ | Square | 7/02/2021 | 1925 | 1842 | 142 |
| &nbsp;&nbsp;&nbsp; 4384363, 3.633%, 12/30/2022 †x¶#^ | Square | 7/02/2021 | 7156 | 6786 | 530 |
| &nbsp;&nbsp;&nbsp; 4386523573, 26.061%, 10/07/2026 †x¥ | Stripe | 4/11/2025 | 265 | 276 | 285 |
| &nbsp;&nbsp;&nbsp; 4387972001, 17.818%, 4/21/2026 †x¥# | Stripe | 10/24/2024 | 1951 | 2029 | 98 |
| &nbsp;&nbsp;&nbsp; 4390653162, 25.864%, 10/16/2026 †x¥ | Stripe | 4/22/2025 | 5244 | 5454 | 5561 |
| &nbsp;&nbsp;&nbsp; 4391308, 3.006%, 1/03/2023 †x¶#^ | Square | 7/08/2021 | 1207 | 1155 | 89 |
| &nbsp;&nbsp;&nbsp; 4391377, 3.007%, 1/03/2023 †x¶#^ | Square | 7/08/2021 | 3606 | 3451 | 267 |
| &nbsp;&nbsp;&nbsp; 4391400, 3.633%, 1/03/2023 †x¶#^ | Square | 7/08/2021 | 2225 | 2110 | 165 |
| &nbsp;&nbsp;&nbsp; 4391866, 3.004%, 1/04/2023 †x¶#^ | Square | 7/08/2021 | 934 | 894 | 69 |
| &nbsp;&nbsp;&nbsp; 4392045, 4.756%, 1/05/2023 †x¶#^ | Square | 7/08/2021 | 706 | 659 | 52 |
| &nbsp;&nbsp;&nbsp; 4393374, 3.002%, 1/06/2023 †x¶#^ | Square | 7/08/2021 | 437 | 418 | 32 |
| &nbsp;&nbsp;&nbsp; 4393438720, 15.200%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 2899 | 3044 | 3054 |
| &nbsp;&nbsp;&nbsp; 4394501, 3.000%, 1/06/2023 †x¶#^ | Square | 7/08/2021 | 831 | 795 | 62 |
| &nbsp;&nbsp;&nbsp; 4395808, 4.422%, 1/07/2023 †x¶#^ | Square | 7/09/2021 | 8281 | 7766 | 613 |
| &nbsp;&nbsp;&nbsp; 4398394910, 26.476%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 1737 | 1824 | 1830 |
| &nbsp;&nbsp;&nbsp; 4398526, 4.739%, 1/08/2023 †x¶#^ | Square | 7/12/2021 | 6054 | 5652 | 448 |
| &nbsp;&nbsp;&nbsp; 4399234684, 20.333%, 3/19/2024 †x¥#^ | Stripe | 9/22/2022 | 195 | 203 | 10 |
| &nbsp;&nbsp;&nbsp; 4400833, 3.639%, 1/09/2023 †x¶#^ | Square | 7/13/2021 | 267 | 253 | 20 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6146** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4400859, 3.012%, 1/09/2023 †x¶#^ | Square | 7/13/2021 | $600 | $574 | $44 |
| &nbsp;&nbsp;&nbsp; 4400907, 4.739%, 1/09/2023 †x¶#^ | Square | 7/13/2021 | 1541 | 1439 | 114 |
| &nbsp;&nbsp;&nbsp; 4402605, 3.005%, 1/10/2023 †x¶#^ | Square | 7/14/2021 | 2657 | 2543 | 197 |
| &nbsp;&nbsp;&nbsp; 4402693, 3.014%, 1/10/2023 †x¶#^ | Square | 7/14/2021 | 423 | 405 | 31 |
| &nbsp;&nbsp;&nbsp; 4402830, 2.989%, 1/10/2023 †x¶#^ | Square | 7/14/2021 | 917 | 877 | 68 |
| &nbsp;&nbsp;&nbsp; 4403994, 3.002%, 1/12/2023 †x¶#^ | Square | 7/14/2021 | 1103 | 1061 | 82 |
| &nbsp;&nbsp;&nbsp; 4404249, 3.018%, 1/12/2023 †x¶#^ | Square | 7/14/2021 | 717 | 686 | 53 |
| &nbsp;&nbsp;&nbsp; 4404806, 3.003%, 1/12/2023 †x¶#^ | Square | 7/14/2021 | 6497 | 6217 | 481 |
| &nbsp;&nbsp;&nbsp; 4405537, 4.426%, 1/12/2023 †x¶#^ | Square | 7/14/2021 | 5860 | 5496 | 434 |
| &nbsp;&nbsp;&nbsp; 4405787705, 20.000%, 9/19/2023 †x¥#^ | Stripe | 3/24/2022 | 3395 | 3530 | 170 |
| &nbsp;&nbsp;&nbsp; 4408845879, 22.255%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 7304 | 7669 | 7736 |
| &nbsp;&nbsp;&nbsp; 4409959544, 18.133%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 8365 | 8783 | 8813 |
| &nbsp;&nbsp;&nbsp; 4412906, 3.002%, 1/15/2023 †x¶#^ | Square | 7/19/2021 | 1132 | 1084 | 84 |
| &nbsp;&nbsp;&nbsp; 4416689, 2.999%, 1/16/2023 †x¶#^ | Square | 7/20/2021 | 3618 | 3462 | 268 |
| &nbsp;&nbsp;&nbsp; 4417786005, 18.398%, 7/14/2023 †x¥#^ | Stripe | 1/19/2022 | 14097 | 14661 | 705 |
| &nbsp;&nbsp;&nbsp; 4418075, 4.743%, 1/17/2023 †x¶#^ | Square | 7/21/2021 | 4927 | 4600 | 365 |
| &nbsp;&nbsp;&nbsp; 4421436589, 21.181%, 9/08/2026 †x¥# | Stripe | 3/13/2025 | 1056 | 1098 | 202 |
| &nbsp;&nbsp;&nbsp; 4427859, 3.641%, 1/21/2023 †x¶#^ | Square | 7/23/2021 | 2586 | 2452 | 191 |
| &nbsp;&nbsp;&nbsp; 4428209, 3.002%, 1/21/2023 †x¶#^ | Square | 7/23/2021 | 1659 | 1587 | 123 |
| &nbsp;&nbsp;&nbsp; 4429703, 3.638%, 1/22/2023 †x¶#^ | Square | 7/26/2021 | 920 | 872 | 68 |
| &nbsp;&nbsp;&nbsp; 4432517, 4.739%, 1/23/2023 †x¶#^ | Square | 7/27/2021 | 1863 | 1740 | 138 |
| &nbsp;&nbsp;&nbsp; 4432886210, 18.132%, 9/05/2023 †x¥#^ | Stripe | 3/10/2022 | 6498 | 6757 | 325 |
| &nbsp;&nbsp;&nbsp; 4435318, 4.739%, 1/26/2023 †x¶#^ | Square | 7/28/2021 | 5712 | 5333 | 423 |
| &nbsp;&nbsp;&nbsp; 4437192, 4.739%, 1/26/2023 †x¶#^ | Square | 7/28/2021 | 4528 | 4227 | 335 |
| &nbsp;&nbsp;&nbsp; 4437225, 4.423%, 1/27/2023 †x¶#^ | Square | 7/29/2021 | 13386 | 12566 | 991 |
| &nbsp;&nbsp;&nbsp; 4438714097, 26.510%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 1700 | 1785 | 1785 |
| &nbsp;&nbsp;&nbsp; 4439064, 3.002%, 1/27/2023 †x¶#^ | Square | 7/29/2021 | 2329 | 2229 | 172 |
| &nbsp;&nbsp;&nbsp; 4439412, 2.977%, 1/27/2023 †x¶#^ | Square | 7/29/2021 | 172 | 164 | 13 |
| &nbsp;&nbsp;&nbsp; 4439667, 3.006%, 1/28/2023 †x¶#^ | Square | 7/30/2021 | 1628 | 1558 | 121 |
| &nbsp;&nbsp;&nbsp; 4439761268, 21.996%, 5/09/2023 †x¥#^ | Stripe | 11/12/2021 | 7218 | 7507 | 361 |
| &nbsp;&nbsp;&nbsp; 4440171, 3.006%, 1/28/2023 †x¶#^ | Square | 7/30/2021 | 2154 | 2061 | 159 |
| &nbsp;&nbsp;&nbsp; 4440624334, 17.152%, 10/05/2024 †x¥#^ | Stripe | 4/12/2023 | 1823 | 1896 | 91 |
| &nbsp;&nbsp;&nbsp; 4441298, 4.432%, 1/28/2023 †x¶#^ | Square | 7/30/2021 | 638 | 598 | 47 |
| &nbsp;&nbsp;&nbsp; 4441333771, 25.600%, 1/19/2027 †x¥# | Stripe | 7/24/2025 | 1305 | 1357 | 533 |
| &nbsp;&nbsp;&nbsp; 4441366, 3.024%, 1/28/2023 †x¶#^ | Square | 7/30/2021 | 572 | 547 | 42 |
| &nbsp;&nbsp;&nbsp; 4443868653, 21.989%, 9/08/2023 †x¥#^ | Stripe | 3/15/2022 | 2562 | 2664 | 128 |
| &nbsp;&nbsp;&nbsp; 4451340172, 24.667%, 4/02/2025 †x¥#^ | Stripe | 10/06/2023 | 3029 | 3150 | 151 |
| &nbsp;&nbsp;&nbsp; 4453638071, 20.933%, 1/22/2025 †x¥#^ | Stripe | 7/28/2023 | 15786 | 16418 | 789 |
| &nbsp;&nbsp;&nbsp; 4455386546, 22.240%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 2036 | 2138 | 2149 |
| &nbsp;&nbsp;&nbsp; 4464181530, 12.800%, 11/27/2026 †x¥ | Stripe | 6/03/2025 | 17570 | 18272 | 18509 |
| &nbsp;&nbsp;&nbsp; 4466326422, 26.533%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 3208 | 3369 | 3381 |
| &nbsp;&nbsp;&nbsp; 4468756793, 24.000%, 11/09/2023 †x¥#^ | Stripe | 5/16/2022 | 712 | 741 | 36 |
| &nbsp;&nbsp;&nbsp; 4469055531, 17.990%, 3/03/2027 †x¥ | Stripe | 9/05/2025 | 1241 | 1291 | 1317 |
| &nbsp;&nbsp;&nbsp; 4471130976, 26.533%, 12/09/2025 †x¥#^ | Stripe | 6/13/2024 | 185 | 192 | 36 |
| &nbsp;&nbsp;&nbsp; 4475241501, 22.000%, 8/29/2026 †x¥# | Stripe | 3/05/2025 | 16489 | 17148 | 6544 |
| &nbsp;&nbsp;&nbsp; 4475803874, 26.530%, 1/16/2027 †x¥# | Stripe | 7/23/2025 | 3466 | 3605 | 665 |
| &nbsp;&nbsp;&nbsp; 4477859118, 25.333%, 12/05/2024 †x¥#^ | Stripe | 6/12/2023 | 2935 | 3052 | 147 |
| &nbsp;&nbsp;&nbsp; 4478352831, 10.667%, 4/23/2024 †x¥#^ | Stripe | 10/27/2022 | 4905 | 5101 | 245 |
| &nbsp;&nbsp;&nbsp; 4480167144, 24.932%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 13672 | 14356 | 14372 |
| &nbsp;&nbsp;&nbsp; 4484534781, 20.252%, 12/01/2024 †x¥#^ | Stripe | 4/07/2023 | 3723 | 3871 | 186 |
| &nbsp;&nbsp;&nbsp; 4485880958, 21.600%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | 4476 | 4655 | 224 |
| &nbsp;&nbsp;&nbsp; 4488495554, 17.827%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 99 | 103 | 105 |
| &nbsp;&nbsp;&nbsp; 4498823, 2.675%, 2/28/2023 †x¶#^ | Square | 9/01/2021 | 2097 | 2016 | 155 |
| &nbsp;&nbsp;&nbsp; 4499743, 4.088%, 2/28/2023 †x¶#^ | Square | 9/01/2021 | 21547 | 20302 | 1595 |
| &nbsp;&nbsp;&nbsp; 4501307, 4.403%, 2/28/2023 †x¶#^ | Square | 9/01/2021 | 5371 | 5038 | 397 |
| &nbsp;&nbsp;&nbsp; 4502535, 4.086%, 2/28/2023 †x¶#^ | Square | 9/02/2021 | 5475 | 5159 | 405 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6147** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4503680193, 26.489%, 6/03/2025 †x¥#^ | Stripe | 12/07/2023 | $112 | $116 | $6 |
| &nbsp;&nbsp;&nbsp; 4504402, 4.099%, 3/01/2023 †x¶#^ | Square | 9/03/2021 | 842 | 793 | 62 |
| &nbsp;&nbsp;&nbsp; 4504568352, 20.257%, 6/06/2024 †x¥#^ | Stripe | 12/12/2022 | 5576 | 5799 | 279 |
| &nbsp;&nbsp;&nbsp; 4509046, 3.300%, 3/02/2023 †x¶#^ | Square | 9/07/2021 | 5013 | 4796 | 371 |
| &nbsp;&nbsp;&nbsp; 4509453, 2.679%, 3/02/2023 †x¶#^ | Square | 9/07/2021 | 1175 | 1130 | 87 |
| &nbsp;&nbsp;&nbsp; 4509714, 4.403%, 3/02/2023 †x¶#^ | Square | 9/07/2021 | 10635 | 9976 | 787 |
| &nbsp;&nbsp;&nbsp; 451127126, 22.267%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 16479 | 17303 | 17466 |
| &nbsp;&nbsp;&nbsp; 4512780, 2.674%, 3/03/2023 †x¶#^ | Square | 9/08/2021 | 11917 | 11458 | 882 |
| &nbsp;&nbsp;&nbsp; 4513435, 4.403%, 3/04/2023 †x¶#^ | Square | 9/09/2021 | 2395 | 2247 | 177 |
| &nbsp;&nbsp;&nbsp; 4514439, 5.031%, 3/06/2023 †x¶#^ | Square | 9/09/2021 | 2244 | 2086 | 166 |
| &nbsp;&nbsp;&nbsp; 4514688, 4.088%, 3/06/2023 †x¶#^ | Square | 9/09/2021 | 2478 | 2335 | 183 |
| &nbsp;&nbsp;&nbsp; 4514861, 4.403%, 3/06/2023 †x¶#^ | Square | 9/09/2021 | 2569 | 2410 | 190 |
| &nbsp;&nbsp;&nbsp; 4514950772, 12.798%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 32294 | 33909 | 33907 |
| &nbsp;&nbsp;&nbsp; 4515028, 3.303%, 3/07/2023 †x¶#^ | Square | 9/09/2021 | 366 | 349 | 27 |
| &nbsp;&nbsp;&nbsp; 4515455272, 23.463%, 9/01/2023 †x¥#^ | Stripe | 3/08/2022 | 20291 | 21103 | 1015 |
| &nbsp;&nbsp;&nbsp; 4516770, 2.680%, 3/07/2023 †x¶#^ | Square | 9/09/2021 | 4920 | 4730 | 364 |
| &nbsp;&nbsp;&nbsp; 4517080936, 13.067%, 9/26/2026 †x¥ | Stripe | 4/02/2025 | 32557 | 33859 | 34253 |
| &nbsp;&nbsp;&nbsp; 4517249, 3.302%, 3/07/2023 †x¶#^ | Square | 9/09/2021 | 534 | 513 | 40 |
| &nbsp;&nbsp;&nbsp; 4517275, 4.403%, 3/07/2023 †x¶#^ | Square | 9/09/2021 | 1480 | 1389 | 110 |
| &nbsp;&nbsp;&nbsp; 4517732545, 14.133%, 11/06/2026 †x¥# | Stripe | 8/15/2024 | 39714 | 41303 | 1986 |
| &nbsp;&nbsp;&nbsp; 4518556, 3.774%, 3/08/2023 †x¶#^ | Square | 9/10/2021 | 3638 | 3443 | 269 |
| &nbsp;&nbsp;&nbsp; 4519098332, 24.889%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 1200 | 1260 | 1260 |
| &nbsp;&nbsp;&nbsp; 4519101805, 19.333%, 5/31/2024 †x¥#^ | Stripe | 12/06/2022 | 1514 | 1574 | 76 |
| &nbsp;&nbsp;&nbsp; 4519152, 2.664%, 3/08/2023 †x¶#^ | Square | 9/10/2021 | 1148 | 1104 | 85 |
| &nbsp;&nbsp;&nbsp; 4520738, 2.682%, 3/08/2023 †x¶#^ | Square | 9/10/2021 | 745 | 716 | 55 |
| &nbsp;&nbsp;&nbsp; 4520757798, 22.398%, 6/01/2026 †x¥# | Stripe | 4/03/2024 | 4702 | 4890 | 235 |
| &nbsp;&nbsp;&nbsp; 4520830, 4.417%, 3/08/2023 †x¶#^ | Square | 9/10/2021 | 2025 | 1899 | 150 |
| &nbsp;&nbsp;&nbsp; 4524288, 4.403%, 3/09/2023 †x¶#^ | Square | 9/13/2021 | 4426 | 4152 | 328 |
| &nbsp;&nbsp;&nbsp; 4525029762, 16.255%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 7727 | 8113 | 8113 |
| &nbsp;&nbsp;&nbsp; 4525875, 2.673%, 3/10/2023 †x¶#^ | Square | 9/14/2021 | 578 | 556 | 43 |
| &nbsp;&nbsp;&nbsp; 4526393, 3.938%, 3/10/2023 †x¶#^ | Square | 9/14/2021 | 584 | 552 | 43 |
| &nbsp;&nbsp;&nbsp; 4527596, 4.403%, 3/11/2023 †x¶#^ | Square | 9/15/2021 | 376 | 353 | 28 |
| &nbsp;&nbsp;&nbsp; 4527792, 3.294%, 3/11/2023 †x¶#^ | Square | 9/15/2021 | 161 | 154 | 12 |
| &nbsp;&nbsp;&nbsp; 4527962, 2.680%, 3/12/2023 †x¶#^ | Square | 9/15/2021 | 3461 | 3327 | 256 |
| &nbsp;&nbsp;&nbsp; 4528882, 4.406%, 3/13/2023 †x¶#^ | Square | 9/15/2021 | 6712 | 6295 | 497 |
| &nbsp;&nbsp;&nbsp; 4529294, 4.094%, 3/13/2023 †x¶#^ | Square | 9/15/2021 | 5474 | 5157 | 405 |
| &nbsp;&nbsp;&nbsp; 4529326, 2.669%, 3/13/2023 †x¶#^ | Square | 9/15/2021 | 1533 | 1474 | 113 |
| &nbsp;&nbsp;&nbsp; 4529724937, 26.504%, 11/20/2024 †x¥#^ | Stripe | 5/26/2023 | 510 | 530 | 26 |
| &nbsp;&nbsp;&nbsp; 4530276, 2.673%, 3/13/2023 †x¶#^ | Square | 9/15/2021 | 778 | 748 | 58 |
| &nbsp;&nbsp;&nbsp; 4530762, 4.088%, 3/13/2023 †x¶#^ | Square | 9/15/2021 | 2023 | 1906 | 150 |
| &nbsp;&nbsp;&nbsp; 4530846023, 21.333%, 12/14/2024 †x¥#^ | Stripe | 6/22/2023 | 1110 | 1154 | 55 |
| &nbsp;&nbsp;&nbsp; 4531538, 2.667%, 3/14/2023 †x¶#^ | Square | 9/16/2021 | 267 | 257 | 20 |
| &nbsp;&nbsp;&nbsp; 4531870, 5.031%, 3/14/2023 †x¶#^ | Square | 9/16/2021 | 1684 | 1566 | 125 |
| &nbsp;&nbsp;&nbsp; 4532029, 4.569%, 3/14/2023 †x¶#^ | Square | 9/16/2021 | 1303 | 1220 | 96 |
| &nbsp;&nbsp;&nbsp; 4532052, 4.408%, 3/14/2023 †x¶#^ | Square | 9/16/2021 | 4095 | 3841 | 303 |
| &nbsp;&nbsp;&nbsp; 4532578102, 15.198%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 7831 | 8144 | 4272 |
| &nbsp;&nbsp;&nbsp; 453413195, 19.733%, 10/07/2023 †x¥#^ | Stripe | 4/13/2022 | 922 | 959 | 46 |
| &nbsp;&nbsp;&nbsp; 4534433, 2.661%, 3/15/2023 †x¶#^ | Square | 9/17/2021 | 349 | 335 | 26 |
| &nbsp;&nbsp;&nbsp; 4535528908, 26.131%, 2/19/2027 †x¥# | Stripe | 12/26/2024 | 7360 | 7654 | 1385 |
| &nbsp;&nbsp;&nbsp; 4536674148, 16.266%, 9/07/2023 †x¥#^ | Stripe | 3/14/2022 | 10883 | 11318 | 544 |
| &nbsp;&nbsp;&nbsp; 4539519, 4.560%, 3/16/2023 †x¶#^ | Square | 9/20/2021 | 4495 | 4207 | 333 |
| &nbsp;&nbsp;&nbsp; 4540500, 4.560%, 3/17/2023 †x¶#^ | Square | 9/21/2021 | 3180 | 2977 | 235 |
| &nbsp;&nbsp;&nbsp; 4541236, 4.403%, 3/17/2023 †x¶#^ | Square | 9/21/2021 | 4026 | 3776 | 298 |
| &nbsp;&nbsp;&nbsp; 4541645, 4.403%, 3/17/2023 †x¶#^ | Square | 9/21/2021 | 12622 | 11840 | 934 |
| &nbsp;&nbsp;&nbsp; 4542031284, 10.667%, 4/19/2024 †x¥#^ | Stripe | 10/25/2022 | 13156 | 13682 | 658 |
| &nbsp;&nbsp;&nbsp; 4543186, 4.403%, 3/18/2023 †x¶#^ | Square | 9/22/2021 | 6665 | 6252 | 493 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6148** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4546059, 2.659%, 3/20/2023 †x¶#^ | Square | 9/22/2021 | $119 | $114 | $9 |
| &nbsp;&nbsp;&nbsp; 4546103, 4.717%, 3/20/2023 †x¶#^ | Square | 9/22/2021 | 16986 | 15863 | 1257 |
| &nbsp;&nbsp;&nbsp; 4546222, 4.562%, 3/20/2023 †x¶#^ | Square | 9/22/2021 | 5298 | 4959 | 392 |
| &nbsp;&nbsp;&nbsp; 4546497927, 22.398%, 8/12/2026 †x¥ | Stripe | 2/14/2025 | 2615 | 2719 | 2796 |
| &nbsp;&nbsp;&nbsp; 4546571953, 16.263%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 1246 | 1282 | 1316 |
| &nbsp;&nbsp;&nbsp; 4546877, 2.674%, 3/20/2023 †x¶#^ | Square | 9/22/2021 | 4956 | 4769 | 367 |
| &nbsp;&nbsp;&nbsp; 4547413, 4.403%, 3/21/2023 †x¶#^ | Square | 9/23/2021 | 9008 | 8450 | 667 |
| &nbsp;&nbsp;&nbsp; 4547458034, 17.333%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 2705 | 2841 | 2845 |
| &nbsp;&nbsp;&nbsp; 4548231, 5.031%, 3/21/2023 †x¶#^ | Square | 9/23/2021 | 6882 | 6399 | 509 |
| &nbsp;&nbsp;&nbsp; 4550200, 4.403%, 3/21/2023 †x¶#^ | Square | 9/23/2021 | 2134 | 2002 | 158 |
| &nbsp;&nbsp;&nbsp; 4550300, 4.564%, 3/22/2023 †x¶#^ | Square | 9/24/2021 | 920 | 861 | 68 |
| &nbsp;&nbsp;&nbsp; 4550338, 4.561%, 3/22/2023 †x¶#^ | Square | 9/24/2021 | 7393 | 6919 | 547 |
| &nbsp;&nbsp;&nbsp; 4551904668, 26.514%, 12/06/2025 †x¥#^ | Stripe | 6/12/2024 | 3427 | 3565 | 171 |
| &nbsp;&nbsp;&nbsp; 455201159, 24.929%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 24699 | 25934 | 25935 |
| &nbsp;&nbsp;&nbsp; 4552505, 4.562%, 3/22/2023 †x¶#^ | Square | 9/24/2021 | 3221 | 3015 | 238 |
| &nbsp;&nbsp;&nbsp; 4552666, 4.559%, 3/22/2023 †x¶#^ | Square | 9/24/2021 | 8078 | 7561 | 598 |
| &nbsp;&nbsp;&nbsp; 4553432988, 20.000%, 3/27/2026 †x¥ | Stripe | 10/01/2024 | 1694 | 1761 | 1808 |
| &nbsp;&nbsp;&nbsp; 4553734, 4.403%, 3/22/2023 †x¶#^ | Square | 9/24/2021 | 6592 | 6183 | 488 |
| &nbsp;&nbsp;&nbsp; 455387746, 26.125%, 2/25/2027 †x¥# | Stripe | 2/10/2025 | 5053 | 5255 | 963 |
| &nbsp;&nbsp;&nbsp; 4555532, 5.031%, 3/23/2023 †x¶#^ | Square | 9/27/2021 | 3230 | 3003 | 239 |
| &nbsp;&nbsp;&nbsp; 4556292, 4.561%, 3/23/2023 †x¶#^ | Square | 9/27/2021 | 8931 | 8359 | 661 |
| &nbsp;&nbsp;&nbsp; 4557061722, 26.462%, 8/19/2026 †x¥# | Stripe | 2/21/2025 | 1050 | 1092 | 53 |
| &nbsp;&nbsp;&nbsp; 4560086, 2.680%, 3/24/2023 †x¶#^ | Square | 9/28/2021 | 230 | 221 | 17 |
| &nbsp;&nbsp;&nbsp; 4561096, 3.298%, 3/24/2023 †x¶#^ | Square | 9/28/2021 | 5243 | 4996 | 388 |
| &nbsp;&nbsp;&nbsp; 4561694, 4.563%, 3/25/2023 †x¶#^ | Square | 9/29/2021 | 125 | 117 | 9 |
| &nbsp;&nbsp;&nbsp; 4561842, 4.875%, 3/25/2023 †x¶#^ | Square | 9/29/2021 | 11625 | 10833 | 860 |
| &nbsp;&nbsp;&nbsp; 4561916, 5.031%, 3/25/2023 †x¶#^ | Square | 9/29/2021 | 11376 | 10578 | 842 |
| &nbsp;&nbsp;&nbsp; 4562455, 4.566%, 3/26/2023 †x¶#^ | Square | 9/29/2021 | 2281 | 2135 | 169 |
| &nbsp;&nbsp;&nbsp; 4563021129, 22.396%, 6/13/2026 †x¥# | Stripe | 12/18/2024 | 3395 | 3530 | 170 |
| &nbsp;&nbsp;&nbsp; 4563200377, 20.400%, 5/16/2025 †x¥#^ | Stripe | 11/21/2023 | 4390 | 4566 | 220 |
| &nbsp;&nbsp;&nbsp; 4563378, 3.948%, 3/27/2023 †x¶#^ | Square | 9/29/2021 | 405 | 383 | 30 |
| &nbsp;&nbsp;&nbsp; 4565639, 4.088%, 3/27/2023 †x¶#^ | Square | 9/29/2021 | 5329 | 5021 | 394 |
| &nbsp;&nbsp;&nbsp; 4567078, 4.557%, 3/28/2023 †x¶#^ | Square | 9/30/2021 | 1387 | 1304 | 103 |
| &nbsp;&nbsp;&nbsp; 4567159, 4.403%, 3/28/2023 †x¶#^ | Square | 9/30/2021 | 2852 | 2675 | 211 |
| &nbsp;&nbsp;&nbsp; 4568007087, 18.264%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 9011 | 9462 | 9477 |
| &nbsp;&nbsp;&nbsp; 4569291675, 26.532%, 7/24/2026 †x¥ | Stripe | 1/28/2025 | 31 | 33 | 34 |
| &nbsp;&nbsp;&nbsp; 4574109297, 21.333%, 4/13/2024 †x¥#^ | Stripe | 10/19/2022 | 1854 | 1928 | 93 |
| &nbsp;&nbsp;&nbsp; 4574259123, 25.857%, 12/04/2026 †x¥ | Stripe | 6/10/2025 | 404 | 420 | 436 |
| &nbsp;&nbsp;&nbsp; 4576410259, 15.998%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 11816 | 12289 | 12433 |
| &nbsp;&nbsp;&nbsp; 4577375018, 18.932%, 4/24/2026 †x¥ | Stripe | 10/29/2024 | 1471 | 1530 | 1564 |
| &nbsp;&nbsp;&nbsp; 4581768878, 25.565%, 2/11/2027 †x¥ | Stripe | 8/18/2025 | 1090 | 1133 | 1152 |
| &nbsp;&nbsp;&nbsp; 4583273598, 24.907%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 2500 | 2625 | 2625 |
| &nbsp;&nbsp;&nbsp; 458527912, 24.000%, 6/17/2025 †x¥#^ | Stripe | 12/21/2023 | 6015 | 6256 | 301 |
| &nbsp;&nbsp;&nbsp; 45891125, 26.533%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 2507 | 2632 | 2641 |
| &nbsp;&nbsp;&nbsp; 45891963, 23.152%, 1/03/2025 †x¥#^ | Stripe | 7/11/2023 | 1087 | 1130 | 54 |
| &nbsp;&nbsp;&nbsp; 4597098781, 22.366%, 8/22/2026 †x¥ | Stripe | 2/26/2025 | 969 | 1008 | 1031 |
| &nbsp;&nbsp;&nbsp; 459814373, 14.800%, 6/17/2026 †x¥ | Stripe | 12/20/2024 | 377 | 392 | 401 |
| &nbsp;&nbsp;&nbsp; 4600071997, 21.067%, 11/20/2024 †x¥#^ | Stripe | 5/26/2023 | 38071 | 39593 | 1904 |
| &nbsp;&nbsp;&nbsp; 4602098615, 22.400%, 8/01/2026 †x¥# | Stripe | 2/05/2025 | 871 | 905 | 242 |
| &nbsp;&nbsp;&nbsp; 4604773, 4.729%, 4/09/2023 †x¶#^ | Square | 10/14/2021 | 2214 | 2067 | 164 |
| &nbsp;&nbsp;&nbsp; 4604948, 4.560%, 4/10/2023 †x¶#^ | Square | 10/14/2021 | 2990 | 2799 | 221 |
| &nbsp;&nbsp;&nbsp; 4605222, 3.774%, 4/10/2023 †x¶#^ | Square | 10/14/2021 | 301 | 285 | 22 |
| &nbsp;&nbsp;&nbsp; 4605405, 3.774%, 4/10/2023 †x¶#^ | Square | 10/14/2021 | 2642 | 2500 | 195 |
| &nbsp;&nbsp;&nbsp; 4605527, 3.310%, 4/10/2023 †x¶#^ | Square | 10/14/2021 | 1481 | 1411 | 110 |
| &nbsp;&nbsp;&nbsp; 4605934, 4.558%, 4/11/2023 †x¶#^ | Square | 10/14/2021 | 6559 | 6140 | 485 |
| &nbsp;&nbsp;&nbsp; 4606095, 4.560%, 4/11/2023 †x¶#^ | Square | 10/14/2021 | 10074 | 9429 | 745 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6149** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4606446525, 18.933%, 8/29/2026 †x¥ | Stripe | 3/05/2025 | $6002 | $6242 | $6365 |
| &nbsp;&nbsp;&nbsp; 4606921, 3.931%, 4/11/2023 †x¶#^ | Square | 10/14/2021 | 61 | 57 | 4 |
| &nbsp;&nbsp;&nbsp; 4606929, 2.674%, 4/11/2023 †x¶#^ | Square | 10/14/2021 | 18583 | 17867 | 1375 |
| &nbsp;&nbsp;&nbsp; 4607320, 4.717%, 4/11/2023 †x¶#^ | Square | 10/14/2021 | 877 | 819 | 65 |
| &nbsp;&nbsp;&nbsp; 4607330, 4.723%, 4/11/2023 †x¶#^ | Square | 10/14/2021 | 1742 | 1627 | 129 |
| &nbsp;&nbsp;&nbsp; 4607761, 5.031%, 4/12/2023 †x¶#^ | Square | 10/14/2021 | 1360 | 1265 | 101 |
| &nbsp;&nbsp;&nbsp; 4607805744, 22.800%, 7/30/2024 †x¥#^ | Stripe | 2/02/2023 | 21333 | 22187 | 1067 |
| &nbsp;&nbsp;&nbsp; 4608815, 4.874%, 4/12/2023 †x¶#^ | Square | 10/14/2021 | 9691 | 9031 | 717 |
| &nbsp;&nbsp;&nbsp; 4609031, 4.403%, 4/12/2023 †x¶#^ | Square | 10/14/2021 | 2491 | 2336 | 184 |
| &nbsp;&nbsp;&nbsp; 4609053074, 25.965%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 1703 | 1788 | 1793 |
| &nbsp;&nbsp;&nbsp; 4609117697, 10.667%, 7/16/2024 †x¥#^ | Stripe | 5/03/2022 | 7920 | 8237 | 396 |
| &nbsp;&nbsp;&nbsp; 4609905, 4.561%, 4/12/2023 †x¶#^ | Square | 10/14/2021 | 16498 | 15442 | 1221 |
| &nbsp;&nbsp;&nbsp; 4609924, 4.403%, 4/12/2023 †x¶#^ | Square | 10/14/2021 | 3490 | 3274 | 258 |
| &nbsp;&nbsp;&nbsp; 4610126, 4.560%, 4/12/2023 †x¶#^ | Square | 10/14/2021 | 14991 | 14031 | 1109 |
| &nbsp;&nbsp;&nbsp; 46111886, 26.530%, 7/23/2025 †x¥#^ | Stripe | 1/26/2024 | 25169 | 26175 | 1258 |
| &nbsp;&nbsp;&nbsp; 4616370026, 24.000%, 10/10/2023 †x¥#^ | Stripe | 4/14/2022 | 6837 | 7110 | 342 |
| &nbsp;&nbsp;&nbsp; 4616560495, 20.000%, 7/17/2025 †x¥#^ | Stripe | 1/22/2024 | 290 | 301 | 14 |
| &nbsp;&nbsp;&nbsp; 4619741604, 22.523%, 3/08/2025 †x¥#^ | Stripe | 9/13/2023 | 7501 | 7801 | 375 |
| &nbsp;&nbsp;&nbsp; 4630046484, 19.465%, 3/01/2026 †x¥# | Stripe | 1/19/2024 | 187 | 194 | 9 |
| &nbsp;&nbsp;&nbsp; 4641190564, 18.129%, 12/26/2026 †x¥ | Stripe | 7/02/2025 | 1904 | 1980 | 2016 |
| &nbsp;&nbsp;&nbsp; 4642193498, 26.521%, 7/16/2026 †x¥# | Stripe | 1/21/2025 | 3267 | 3398 | 163 |
| &nbsp;&nbsp;&nbsp; 464398199, 19.867%, 7/30/2024 †x¥#^ | Stripe | 2/02/2023 | 9449 | 9827 | 472 |
| &nbsp;&nbsp;&nbsp; 4645167903, 26.122%, 7/16/2026 †x¥# | Stripe | 1/21/2025 | 4287 | 4459 | 214 |
| &nbsp;&nbsp;&nbsp; 4649593345, 24.000%, 9/17/2024 †x¥#^ | Stripe | 3/23/2023 | 410 | 426 | 21 |
| &nbsp;&nbsp;&nbsp; 4651025, 3.774%, 4/28/2023 †x¶#^ | Square | 11/01/2021 | 162360 | 153662 | 12015 |
| &nbsp;&nbsp;&nbsp; 4651290275, 26.528%, 1/24/2025 †x¥#^ | Stripe | 8/01/2023 | 12461 | 12960 | 623 |
| &nbsp;&nbsp;&nbsp; 4651398198, 20.400%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 1652 | 1718 | 1747 |
| &nbsp;&nbsp;&nbsp; 4652259, 5.031%, 4/28/2023 †x¶#^ | Square | 11/01/2021 | 7572 | 7041 | 560 |
| &nbsp;&nbsp;&nbsp; 4654445, 4.717%, 4/29/2023 †x¶#^ | Square | 11/02/2021 | 7435 | 6944 | 550 |
| &nbsp;&nbsp;&nbsp; 4655722, 3.301%, 4/29/2023 †x¶#^ | Square | 11/02/2021 | 6429 | 6127 | 476 |
| &nbsp;&nbsp;&nbsp; 4655894, 4.563%, 4/29/2023 †x¶#^ | Square | 11/02/2021 | 2698 | 2525 | 200 |
| &nbsp;&nbsp;&nbsp; 4656187, 4.562%, 4/29/2023 †x¶#^ | Square | 11/02/2021 | 12328 | 11538 | 912 |
| &nbsp;&nbsp;&nbsp; 465648172, 19.333%, 7/13/2024 †x¥#^ | Stripe | 1/19/2023 | 5699 | 5927 | 285 |
| &nbsp;&nbsp;&nbsp; 4656636, 3.316%, 4/29/2023 †x¶#^ | Square | 11/02/2021 | 168 | 160 | 12 |
| &nbsp;&nbsp;&nbsp; 4656750, 5.031%, 4/30/2023 †x¶#^ | Square | 11/03/2021 | 10213 | 9496 | 756 |
| &nbsp;&nbsp;&nbsp; 4658440, 4.562%, 5/01/2023 †x¶#^ | Square | 11/03/2021 | 14938 | 13981 | 1105 |
| &nbsp;&nbsp;&nbsp; 4658878576, 18.000%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 2828 | 2969 | 2988 |
| &nbsp;&nbsp;&nbsp; 4659933, 4.734%, 5/01/2023 †x¶#^ | Square | 11/03/2021 | 1744 | 1628 | 129 |
| &nbsp;&nbsp;&nbsp; 4660614, 3.774%, 5/01/2023 †x¶#^ | Square | 11/03/2021 | 9562 | 9051 | 708 |
| &nbsp;&nbsp;&nbsp; 4660660, 4.566%, 5/01/2023 †x¶#^ | Square | 11/03/2021 | 3987 | 3731 | 295 |
| &nbsp;&nbsp;&nbsp; 4661487, 4.403%, 5/02/2023 †x¶#^ | Square | 11/04/2021 | 15166 | 14227 | 1122 |
| &nbsp;&nbsp;&nbsp; 4662177, 4.570%, 5/02/2023 †x¶#^ | Square | 11/04/2021 | 2623 | 2455 | 194 |
| &nbsp;&nbsp;&nbsp; 4662866, 5.031%, 5/02/2023 †x¶#^ | Square | 11/04/2021 | 1507 | 1402 | 112 |
| &nbsp;&nbsp;&nbsp; 4663942, 4.560%, 5/02/2023 †x¶#^ | Square | 11/04/2021 | 4430 | 4146 | 328 |
| &nbsp;&nbsp;&nbsp; 4664903, 4.403%, 5/03/2023 †x¶#^ | Square | 11/05/2021 | 1733 | 1625 | 128 |
| &nbsp;&nbsp;&nbsp; 4665520, 4.560%, 5/03/2023 †x¶#^ | Square | 11/05/2021 | 4826 | 4517 | 357 |
| &nbsp;&nbsp;&nbsp; 4666187074, 21.867%, 5/10/2026 †x¥# | Stripe | 5/16/2024 | 20835 | 21609 | 3932 |
| &nbsp;&nbsp;&nbsp; 4666481, 3.303%, 5/03/2023 †x¶#^ | Square | 11/05/2021 | 18979 | 18083 | 1404 |
| &nbsp;&nbsp;&nbsp; 4666689, 4.560%, 5/03/2023 †x¶#^ | Square | 11/05/2021 | 64579 | 61233 | 4779 |
| &nbsp;&nbsp;&nbsp; 4668570, 4.563%, 5/04/2023 †x¶#^ | Square | 11/08/2021 | 896 | 841 | 66 |
| &nbsp;&nbsp;&nbsp; 4668817, 4.567%, 5/04/2023 †x¶#^ | Square | 11/08/2021 | 1467 | 1373 | 109 |
| &nbsp;&nbsp;&nbsp; 4668990996, 19.333%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 904 | 940 | 965 |
| &nbsp;&nbsp;&nbsp; 4669261, 4.879%, 5/04/2023 †x¶#^ | Square | 11/08/2021 | 1460 | 1360 | 108 |
| &nbsp;&nbsp;&nbsp; 4670046334, 20.263%, 9/11/2024 †x¥#^ | Stripe | 3/17/2023 | 3107 | 3232 | 155 |
| &nbsp;&nbsp;&nbsp; 4670788, 3.354%, 5/04/2023 †x¶#^ | Square | 11/08/2021 | 415 | 395 | 31 |
| &nbsp;&nbsp;&nbsp; 4671508, 4.403%, 5/04/2023 †x¶#^ | Square | 11/08/2021 | 10834 | 10163 | 802 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6150** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4671660, 4.403%, 5/04/2023 †x¶#^ | Square | 11/08/2021 | $4204 | $3944 | $311 |
| &nbsp;&nbsp;&nbsp; 4673126581, 26.533%, 10/30/2024 †x¥#^ | Stripe | 5/05/2023 | 18937 | 19694 | 947 |
| &nbsp;&nbsp;&nbsp; 4674221, 3.913%, 5/05/2023 †x¶#^ | Square | 11/09/2021 | 531 | 502 | 39 |
| &nbsp;&nbsp;&nbsp; 4674965, 4.873%, 5/05/2023 †x¶#^ | Square | 11/09/2021 | 6133 | 5715 | 454 |
| &nbsp;&nbsp;&nbsp; 4675530, 4.560%, 5/05/2023 †x¶#^ | Square | 11/09/2021 | 80563 | 75406 | 5962 |
| &nbsp;&nbsp;&nbsp; 4676605898, 22.399%, 11/14/2023 †x¥#^ | Stripe | 5/19/2022 | 33913 | 35269 | 1696 |
| &nbsp;&nbsp;&nbsp; 4678497, 4.565%, 5/07/2023 †x¶#^ | Square | 11/10/2021 | 437 | 409 | 32 |
| &nbsp;&nbsp;&nbsp; 4678580, 4.874%, 5/07/2023 †x¶#^ | Square | 11/10/2021 | 140 | 131 | 10 |
| &nbsp;&nbsp;&nbsp; 4678677, 5.031%, 5/07/2023 †x¶#^ | Square | 11/10/2021 | 486 | 452 | 36 |
| &nbsp;&nbsp;&nbsp; 467962371, 21.200%, 5/08/2024 †x¥#^ | Stripe | 11/14/2022 | 56442 | 58700 | 2822 |
| &nbsp;&nbsp;&nbsp; 4683623, 4.560%, 5/08/2023 †x¶#^ | Square | 11/10/2021 | 37480 | 35081 | 2774 |
| &nbsp;&nbsp;&nbsp; 4683959, 4.563%, 5/08/2023 †x¶#^ | Square | 11/10/2021 | 5371 | 5027 | 397 |
| &nbsp;&nbsp;&nbsp; 468517562, 14.267%, 4/21/2026 †x¥# | Stripe | 10/24/2024 | 2312 | 2404 | 116 |
| &nbsp;&nbsp;&nbsp; 4685233874, 17.733%, 8/26/2025 †x¥#^ | Stripe | 2/29/2024 | 193527 | 201268 | 9676 |
| &nbsp;&nbsp;&nbsp; 4685325765, 25.185%, 4/12/2025 †x¥#^ | Stripe | 10/18/2023 | 7200 | 7488 | 360 |
| &nbsp;&nbsp;&nbsp; 4692734, 4.560%, 5/09/2023 †x¶#^ | Square | 11/12/2021 | 37816 | 35395 | 2798 |
| &nbsp;&nbsp;&nbsp; 4693542, 3.302%, 5/09/2023 †x¶#^ | Square | 11/12/2021 | 10795 | 10286 | 799 |
| &nbsp;&nbsp;&nbsp; 4700954614, 20.400%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 46174 | 48483 | 48521 |
| &nbsp;&nbsp;&nbsp; 4703264483, 20.000%, 11/26/2025 †x¥#^ | Stripe | 9/14/2023 | 14222 | 14791 | 711 |
| &nbsp;&nbsp;&nbsp; 4703609, 4.561%, 5/10/2023 †x¶#^ | Square | 11/15/2021 | 2577 | 2412 | 191 |
| &nbsp;&nbsp;&nbsp; 4704275, 4.558%, 5/10/2023 †x¶#^ | Square | 11/15/2021 | 9749 | 9125 | 721 |
| &nbsp;&nbsp;&nbsp; 4704340438, 22.396%, 7/11/2026 †x¥ | Stripe | 1/15/2025 | 821 | 854 | 882 |
| &nbsp;&nbsp;&nbsp; 4704948264, 20.000%, 7/10/2026 †x¥ | Stripe | 1/14/2025 | 203 | 211 | 216 |
| &nbsp;&nbsp;&nbsp; 4705022875, 21.197%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 2140 | 2226 | 107 |
| &nbsp;&nbsp;&nbsp; 4705265247, 19.465%, 9/27/2024 †x¥#^ | Stripe | 4/04/2023 | 7258 | 7548 | 363 |
| &nbsp;&nbsp;&nbsp; 4705890, 4.560%, 5/10/2023 †x¶#^ | Square | 11/15/2021 | 8942 | 8369 | 662 |
| &nbsp;&nbsp;&nbsp; 4708719, 3.774%, 5/11/2023 †x¶#^ | Square | 11/16/2021 | 57720 | 54628 | 4271 |
| &nbsp;&nbsp;&nbsp; 4708983, 4.403%, 5/12/2023 †x¶#^ | Square | 11/16/2021 | 1589 | 1491 | 118 |
| &nbsp;&nbsp;&nbsp; 4711521634, 15.193%, 12/09/2026 †x¥ | Stripe | 6/13/2025 | 732 | 762 | 777 |
| &nbsp;&nbsp;&nbsp; 4712816, 4.566%, 5/12/2023 †x¶#^ | Square | 11/16/2021 | 3507 | 3311 | 260 |
| &nbsp;&nbsp;&nbsp; 4713504692, 16.922%, 12/30/2025 †x¥#^ | Stripe | 7/05/2024 | 3412 | 3548 | 171 |
| &nbsp;&nbsp;&nbsp; 4713966, 4.574%, 5/13/2023 †x¶#^ | Square | 11/17/2021 | 1814 | 1698 | 134 |
| &nbsp;&nbsp;&nbsp; 4714026, 4.732%, 5/13/2023 †x¶#^ | Square | 11/17/2021 | 897 | 838 | 66 |
| &nbsp;&nbsp;&nbsp; 4714564, 4.882%, 5/14/2023 †x¶#^ | Square | 11/17/2021 | 148 | 138 | 11 |
| &nbsp;&nbsp;&nbsp; 4714667, 4.569%, 5/14/2023 †x¶#^ | Square | 11/17/2021 | 3590 | 3360 | 266 |
| &nbsp;&nbsp;&nbsp; 4718603330, 16.242%, 1/01/2027 †x¥ | Stripe | 7/09/2025 | 196 | 203 | 207 |
| &nbsp;&nbsp;&nbsp; 4720137, 5.031%, 5/16/2023 †x¶#^ | Square | 11/18/2021 | 623 | 579 | 46 |
| &nbsp;&nbsp;&nbsp; 4720142207, 14.800%, 8/21/2026 †x¥# | Stripe | 2/25/2025 | 83095 | 86419 | 4155 |
| &nbsp;&nbsp;&nbsp; 4720999, 4.559%, 5/16/2023 †x¶#^ | Square | 11/18/2021 | 7091 | 6637 | 525 |
| &nbsp;&nbsp;&nbsp; 4721473461, 26.533%, 2/05/2027 †x¥# | Stripe | 8/12/2025 | 1000 | 1040 | 191 |
| &nbsp;&nbsp;&nbsp; 4722571, 4.725%, 5/16/2023 †x¶#^ | Square | 11/18/2021 | 1681 | 1569 | 124 |
| &nbsp;&nbsp;&nbsp; 4723152, 4.403%, 5/16/2023 †x¶#^ | Square | 11/18/2021 | 47861 | 44896 | 3542 |
| &nbsp;&nbsp;&nbsp; 4723482348, 20.526%, 10/23/2024 †x¥#^ | Stripe | 4/28/2023 | 3765 | 3915 | 188 |
| &nbsp;&nbsp;&nbsp; 4724721, 3.774%, 5/16/2023 †x¶#^ | Square | 11/18/2021 | 35429 | 33531 | 2622 |
| &nbsp;&nbsp;&nbsp; 4725132, 4.560%, 5/17/2023 †x¶#^ | Square | 11/19/2021 | 1265 | 1209 | 94 |
| &nbsp;&nbsp;&nbsp; 4725829, 5.031%, 5/17/2023 †x¶#^ | Square | 11/19/2021 | 677 | 629 | 50 |
| &nbsp;&nbsp;&nbsp; 4727253967, 19.467%, 10/03/2024 †x¥#^ | Stripe | 4/10/2023 | 1847 | 1921 | 92 |
| &nbsp;&nbsp;&nbsp; 4728393156, 20.923%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 2027 | 2108 | 101 |
| &nbsp;&nbsp;&nbsp; 4728699, 5.031%, 5/17/2023 †x¶#^ | Square | 11/19/2021 | 1400 | 1302 | 104 |
| &nbsp;&nbsp;&nbsp; 4728828, 4.566%, 5/17/2023 †x¶#^ | Square | 11/19/2021 | 2718 | 2544 | 201 |
| &nbsp;&nbsp;&nbsp; 4729208, 4.881%, 5/17/2023 †x¶#^ | Square | 11/19/2021 | 462 | 430 | 34 |
| &nbsp;&nbsp;&nbsp; 4730044, 4.561%, 5/17/2023 †x¶#^ | Square | 11/19/2021 | 20202 | 18909 | 1495 |
| &nbsp;&nbsp;&nbsp; 4731702759, 14.931%, 10/27/2026 †x¥ | Stripe | 5/01/2025 | 5215 | 5423 | 5534 |
| &nbsp;&nbsp;&nbsp; 4735685, 25.600%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 13337 | 13871 | 14176 |
| &nbsp;&nbsp;&nbsp; 4737115855, 21.056%, 10/08/2025 †x¥#^ | Stripe | 4/12/2024 | 1343 | 1397 | 67 |
| &nbsp;&nbsp;&nbsp; 4739607726, 18.927%, 5/12/2026 †x¥# | Stripe | 5/09/2024 | 4679 | 4866 | 234 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6151** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4741898, 4.560%, 5/18/2023 †x¶#^ | Square | 11/22/2021 | $2100 | $1965 | $155 |
| &nbsp;&nbsp;&nbsp; 4744272, 4.717%, 5/18/2023 †x¶#^ | Square | 11/22/2021 | 1179 | 1101 | 87 |
| &nbsp;&nbsp;&nbsp; 4745542776, 19.600%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 64323 | 67539 | 67570 |
| &nbsp;&nbsp;&nbsp; 4746151962, 26.526%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 1293 | 1344 | 65 |
| &nbsp;&nbsp;&nbsp; 4749387343, 22.798%, 4/05/2024 †x¥#^ | Stripe | 3/02/2022 | 34850 | 36244 | 1742 |
| &nbsp;&nbsp;&nbsp; 4749787, 4.875%, 5/20/2023 †x¶#^ | Square | 11/24/2021 | 11570 | 10836 | 856 |
| &nbsp;&nbsp;&nbsp; 4749869, 3.303%, 5/20/2023 †x¶#^ | Square | 11/24/2021 | 2837 | 2703 | 210 |
| &nbsp;&nbsp;&nbsp; 4750514, 4.574%, 5/20/2023 †x¶#^ | Square | 11/24/2021 | 1698 | 1589 | 126 |
| &nbsp;&nbsp;&nbsp; 4750663, 4.560%, 5/21/2023 †x¶#^ | Square | 11/24/2021 | 716 | 670 | 53 |
| &nbsp;&nbsp;&nbsp; 4750719926, 21.200%, 5/13/2023 †x¥#^ | Stripe | 11/17/2021 | 6085 | 6329 | 304 |
| &nbsp;&nbsp;&nbsp; 4751557326, 24.000%, 9/21/2023 †x¥#^ | Stripe | 3/28/2022 | 1019 | 1060 | 51 |
| &nbsp;&nbsp;&nbsp; 4751872, 3.321%, 5/22/2023 †x¶#^ | Square | 11/24/2021 | 809 | 770 | 60 |
| &nbsp;&nbsp;&nbsp; 4752508, 3.774%, 5/22/2023 †x¶#^ | Square | 11/24/2021 | 1526 | 1444 | 113 |
| &nbsp;&nbsp;&nbsp; 4752666, 4.870%, 5/22/2023 †x¶#^ | Square | 11/24/2021 | 5437 | 5067 | 402 |
| &nbsp;&nbsp;&nbsp; 4754179, 3.310%, 5/22/2023 †x¶#^ | Square | 11/24/2021 | 652 | 622 | 48 |
| &nbsp;&nbsp;&nbsp; 4755092568, 21.062%, 8/01/2024 †x¥#^ | Stripe | 2/06/2023 | 5559 | 5781 | 278 |
| &nbsp;&nbsp;&nbsp; 4755818693, 26.531%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 2745 | 2855 | 781 |
| &nbsp;&nbsp;&nbsp; 4755933402, 19.599%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 43267 | 45430 | 45436 |
| &nbsp;&nbsp;&nbsp; 4758548074, 19.515%, 8/28/2024 †x¥#^ | Stripe | 3/03/2023 | 852 | 886 | 43 |
| &nbsp;&nbsp;&nbsp; 4761233, 4.560%, 5/23/2023 †x¶#^ | Square | 11/26/2021 | 1241 | 1161 | 92 |
| &nbsp;&nbsp;&nbsp; 4761240, 3.302%, 5/23/2023 †x¶#^ | Square | 11/26/2021 | 1561 | 1487 | 116 |
| &nbsp;&nbsp;&nbsp; 4761362, 5.031%, 5/23/2023 †x¶#^ | Square | 11/26/2021 | 423 | 393 | 31 |
| &nbsp;&nbsp;&nbsp; 4762526386, 26.519%, 2/17/2026 †x¥#^ | Stripe | 8/22/2024 | 892 | 928 | 172 |
| &nbsp;&nbsp;&nbsp; 4764689855, 26.521%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 2955 | 3073 | 148 |
| &nbsp;&nbsp;&nbsp; 4765784, 4.560%, 5/23/2023 †x¶#^ | Square | 11/26/2021 | 17190 | 16089 | 1272 |
| &nbsp;&nbsp;&nbsp; 4769220380, 17.467%, 5/16/2025 †x¥#^ | Stripe | 11/21/2023 | 5468 | 5687 | 273 |
| &nbsp;&nbsp;&nbsp; 4772012590, 17.999%, 3/17/2027 †x¥ | Stripe | 9/19/2025 | 45077 | 46880 | 47433 |
| &nbsp;&nbsp;&nbsp; 4772194870, 26.476%, 8/01/2026 †x¥ | Stripe | 2/05/2025 | 227 | 236 | 243 |
| &nbsp;&nbsp;&nbsp; 4772851466, 22.400%, 8/25/2026 †x¥ | Stripe | 2/27/2025 | 541 | 563 | 576 |
| &nbsp;&nbsp;&nbsp; 4772860241, 20.667%, 9/25/2025 †x¥#^ | Stripe | 4/01/2024 | 1361 | 1416 | 68 |
| &nbsp;&nbsp;&nbsp; 4773720617, 25.582%, 12/01/2026 †x¥ | Stripe | 6/05/2025 | 2230 | 2320 | 2364 |
| &nbsp;&nbsp;&nbsp; 4774067, 4.570%, 5/24/2023 †x¶#^ | Square | 11/29/2021 | 1917 | 1794 | 142 |
| &nbsp;&nbsp;&nbsp; 4774386, 4.403%, 5/24/2023 †x¶#^ | Square | 11/29/2021 | 2177 | 2042 | 161 |
| &nbsp;&nbsp;&nbsp; 4778044605, 25.333%, 8/27/2024 †x¥#^ | Stripe | 3/02/2023 | 14021 | 14582 | 701 |
| &nbsp;&nbsp;&nbsp; 477816786, 18.400%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 6250 | 6500 | 312 |
| &nbsp;&nbsp;&nbsp; 4778459, 4.403%, 5/24/2023 †x¶#^ | Square | 11/29/2021 | 1743 | 1635 | 129 |
| &nbsp;&nbsp;&nbsp; 4779496, 5.031%, 5/25/2023 †x¶#^ | Square | 11/30/2021 | 6906 | 6421 | 511 |
| &nbsp;&nbsp;&nbsp; 4784089, 3.931%, 5/26/2023 †x¶#^ | Square | 11/30/2021 | 1347 | 1272 | 100 |
| &nbsp;&nbsp;&nbsp; 4784296525, 17.333%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 6900 | 7245 | 7245 |
| &nbsp;&nbsp;&nbsp; 4784549, 4.539%, 5/26/2023 †x¶#^ | Square | 11/30/2021 | 744 | 696 | 55 |
| &nbsp;&nbsp;&nbsp; 4787008252, 14.667%, 2/17/2026 †x¥#^ | Stripe | 8/22/2024 | 10143 | 10549 | 507 |
| &nbsp;&nbsp;&nbsp; 4798269498, 16.267%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 603 | 627 | 637 |
| &nbsp;&nbsp;&nbsp; 4799174970, 21.599%, 6/14/2025 †x¥#^ | Stripe | 12/20/2023 | 4525 | 4706 | 226 |
| &nbsp;&nbsp;&nbsp; 47f5eef0-75d7-45e5-9a64-dbdb6f833254, 10.490%, 10/11/2019 †x#^ | Funding Circle | 1/08/2018 | 104287 | 104287 | 31286 |
| &nbsp;&nbsp;&nbsp; 4807044805, 13.064%, 8/08/2026 †x¥ | Stripe | 2/12/2025 | 1858 | 1933 | 1948 |
| &nbsp;&nbsp;&nbsp; 4810314059, 25.733%, 3/20/2025 †x¥#^ | Stripe | 9/25/2023 | 4926 | 5123 | 246 |
| &nbsp;&nbsp;&nbsp; 4816530622, 26.526%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 1583 | 1647 | 1682 |
| &nbsp;&nbsp;&nbsp; 482310697, 24.000%, 4/24/2024 †x¥#^ | Stripe | 10/28/2022 | 1368 | 1423 | 68 |
| &nbsp;&nbsp;&nbsp; 4828438503, 16.265%, 12/24/2026 †x¥ | Stripe | 6/30/2025 | 2010 | 2091 | 2124 |
| &nbsp;&nbsp;&nbsp; 4828927573, 22.386%, 8/01/2026 †x¥ | Stripe | 2/05/2025 | 82 | 85 | 88 |
| &nbsp;&nbsp;&nbsp; 4832916100, 19.333%, 4/24/2024 †x¥#^ | Stripe | 10/28/2022 | 3484 | 3623 | 174 |
| &nbsp;&nbsp;&nbsp; 4837843636, 20.796%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 2804 | 2916 | 2984 |
| &nbsp;&nbsp;&nbsp; 4840324154, 26.524%, 1/31/2026 †x¥#^ | Stripe | 8/07/2024 | 898 | 934 | 45 |
| &nbsp;&nbsp;&nbsp; 4840660272, 24.000%, 4/25/2023 †x¥#^ | Stripe | 10/28/2021 | 189 | 196 | 9 |
| &nbsp;&nbsp;&nbsp; 4845230760, 16.262%, 1/07/2027 †x¥ | Stripe | 7/14/2025 | 5127 | 5332 | 5408 |
| &nbsp;&nbsp;&nbsp; 4847686849, 19.860%, 9/13/2024 †x¥#^ | Stripe | 3/21/2023 | 1028 | 1069 | 51 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6152** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4853240790, 16.267%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | $4043 | $4205 | $4252 |
| &nbsp;&nbsp;&nbsp; 485503247, 26.462%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 688 | 722 | 729 |
| &nbsp;&nbsp;&nbsp; 485c7d58-f947-456c-990d-21f6dd1f736d, 11.190%, 11/06/2020 †x#^ | Funding Circle | 11/08/2017 | 35450 | 35703 | 10635 |
| &nbsp;&nbsp;&nbsp; 4860110104, 24.000%, 4/05/2023 †x¥#^ | Stripe | 10/08/2021 | 433 | 450 | 22 |
| &nbsp;&nbsp;&nbsp; 4861910537, 14.000%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 2829 | 2942 | 2984 |
| &nbsp;&nbsp;&nbsp; 4865691203, 21.464%, 11/01/2024 †x¥#^ | Stripe | 5/09/2023 | 5036 | 5238 | 252 |
| &nbsp;&nbsp;&nbsp; 4867302699, 26.121%, 10/19/2026 †x¥# | Stripe | 8/15/2024 | 623 | 648 | 31 |
| &nbsp;&nbsp;&nbsp; 4871239467, 26.495%, 10/14/2025 †x¥#^ | Stripe | 11/08/2023 | 903 | 939 | 45 |
| &nbsp;&nbsp;&nbsp; 4877477343, 25.600%, 12/26/2026 †x¥ | Stripe | 7/02/2025 | 3015 | 3136 | 3203 |
| &nbsp;&nbsp;&nbsp; 4880478188, 26.495%, 6/09/2026 †x¥# | Stripe | 12/12/2024 | 2169 | 2256 | 108 |
| &nbsp;&nbsp;&nbsp; 4882659563, 16.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 20476 | 21500 | 21507 |
| &nbsp;&nbsp;&nbsp; 4882998056, 22.222%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 2215 | 2326 | 2330 |
| &nbsp;&nbsp;&nbsp; 4885444682, 17.600%, 10/25/2023 †x¥#^ | Stripe | 11/01/2021 | 5147 | 5352 | 257 |
| &nbsp;&nbsp;&nbsp; 4885540, 4.556%, 6/29/2023 †x¶#^ | Square | 1/03/2022 | 4567 | 4276 | 338 |
| &nbsp;&nbsp;&nbsp; 4885857, 4.403%, 6/29/2023 †x¶#^ | Square | 1/03/2022 | 6666 | 6253 | 493 |
| &nbsp;&nbsp;&nbsp; 4887511, 3.746%, 6/30/2023 †x¶#^ | Square | 1/04/2022 | 4816 | 4559 | 356 |
| &nbsp;&nbsp;&nbsp; 4887716, 4.560%, 6/30/2023 †x¶#^ | Square | 1/04/2022 | 2969 | 2789 | 220 |
| &nbsp;&nbsp;&nbsp; 4888868, 3.486%, 6/30/2023 †x¶#^ | Square | 1/04/2022 | 1867 | 1775 | 138 |
| &nbsp;&nbsp;&nbsp; 4888951, 5.556%, 6/30/2023 †x¶#^ | Square | 1/05/2022 | 10174 | 9391 | 753 |
| &nbsp;&nbsp;&nbsp; 4889055, 4.561%, 6/30/2023 †x¶#^ | Square | 1/05/2022 | 22846 | 21383 | 1691 |
| &nbsp;&nbsp;&nbsp; 4889795, 4.877%, 7/01/2023 †x¶#^ | Square | 1/05/2022 | 2650 | 2470 | 196 |
| &nbsp;&nbsp;&nbsp; 4890825, 3.953%, 7/03/2023 †x¶#^ | Square | 1/05/2022 | 370 | 354 | 27 |
| &nbsp;&nbsp;&nbsp; 4891224, 4.479%, 7/03/2023 †x¶#^ | Square | 1/05/2022 | 3171 | 2971 | 235 |
| &nbsp;&nbsp;&nbsp; 4891680, 4.531%, 7/03/2023 †x¶#^ | Square | 1/05/2022 | 16688 | 15626 | 1235 |
| &nbsp;&nbsp;&nbsp; 4892568, 4.715%, 7/04/2023 †x¶#^ | Square | 1/06/2022 | 5284 | 4935 | 391 |
| &nbsp;&nbsp;&nbsp; 4892620, 4.560%, 7/04/2023 †x¶#^ | Square | 1/06/2022 | 2758 | 2582 | 204 |
| &nbsp;&nbsp;&nbsp; 4893129, 4.403%, 7/04/2023 †x¶#^ | Square | 1/06/2022 | 1959 | 1837 | 145 |
| &nbsp;&nbsp;&nbsp; 4894155, 3.303%, 7/04/2023 †x¶#^ | Square | 1/06/2022 | 6701 | 6385 | 496 |
| &nbsp;&nbsp;&nbsp; 4894559516, 24.000%, 8/18/2023 †x¥#^ | Stripe | 2/23/2022 | 964 | 1003 | 48 |
| &nbsp;&nbsp;&nbsp; 4894608, 2.554%, 7/04/2023 †x¶#^ | Square | 1/06/2022 | 1524 | 1467 | 113 |
| &nbsp;&nbsp;&nbsp; 4894614, 4.403%, 7/04/2023 †x¶#^ | Square | 1/06/2022 | 4895 | 4591 | 362 |
| &nbsp;&nbsp;&nbsp; 4895544, 4.560%, 7/05/2023 †x¶#^ | Square | 1/07/2022 | 1041 | 974 | 77 |
| &nbsp;&nbsp;&nbsp; 4895691, 5.109%, 7/05/2023 †x¶#^ | Square | 1/07/2022 | 42368 | 39352 | 3135 |
| &nbsp;&nbsp;&nbsp; 4895962, 3.435%, 7/05/2023 †x¶#^ | Square | 1/07/2022 | 1288 | 1225 | 95 |
| &nbsp;&nbsp;&nbsp; 4896148, 4.475%, 7/05/2023 †x¶#^ | Square | 1/07/2022 | 4243 | 3976 | 314 |
| &nbsp;&nbsp;&nbsp; 4896283, 3.601%, 7/05/2023 †x¶#^ | Square | 1/07/2022 | 4242 | 4025 | 314 |
| &nbsp;&nbsp;&nbsp; 4896537, 4.403%, 7/05/2023 †x¶#^ | Square | 1/07/2022 | 5150 | 4831 | 381 |
| &nbsp;&nbsp;&nbsp; 4897439926, 21.200%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 55265 | 57476 | 2763 |
| &nbsp;&nbsp;&nbsp; 4897994098, 24.267%, 3/03/2025 †x¥#^ | Stripe | 2/13/2023 | 2057 | 2139 | 103 |
| &nbsp;&nbsp;&nbsp; 4899019, 5.031%, 7/06/2023 †x¶#^ | Square | 1/10/2022 | 195 | 181 | 14 |
| &nbsp;&nbsp;&nbsp; 4899372628, 19.733%, 11/19/2024 †x¥#^ | Stripe | 5/25/2023 | 102575 | 106678 | 5129 |
| &nbsp;&nbsp;&nbsp; 4900328, 2.980%, 7/06/2023 †x¶#^ | Square | 1/10/2022 | 4799 | 4593 | 355 |
| &nbsp;&nbsp;&nbsp; 4900437, 4.735%, 7/06/2023 †x¶#^ | Square | 1/10/2022 | 656 | 612 | 49 |
| &nbsp;&nbsp;&nbsp; 4900911181, 14.667%, 1/13/2024 †x¥#^ | Stripe | 9/24/2021 | 12248 | 12738 | 612 |
| &nbsp;&nbsp;&nbsp; 4901253200, 26.510%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 1667 | 1750 | 1751 |
| &nbsp;&nbsp;&nbsp; 4901878, 4.562%, 7/07/2023 †x¶#^ | Square | 1/11/2022 | 3438 | 3218 | 254 |
| &nbsp;&nbsp;&nbsp; 4902240386, 19.581%, 7/05/2024 †x¥#^ | Stripe | 1/10/2023 | 1610 | 1674 | 80 |
| &nbsp;&nbsp;&nbsp; 4902600, 3.667%, 7/07/2023 †x¶#^ | Square | 1/11/2022 | 1085 | 1028 | 80 |
| &nbsp;&nbsp;&nbsp; 4903057, 3.293%, 7/08/2023 †x¶#^ | Square | 1/12/2022 | 1167 | 1112 | 86 |
| &nbsp;&nbsp;&nbsp; 4903198, 4.403%, 7/08/2023 †x¶#^ | Square | 1/12/2022 | 13726 | 12876 | 1016 |
| &nbsp;&nbsp;&nbsp; 4903743, 4.335%, 7/09/2023 †x¶#^ | Square | 1/12/2022 | 2614 | 2456 | 193 |
| &nbsp;&nbsp;&nbsp; 4904460380, 18.667%, 2/13/2025 †x¥#^ | Stripe | 12/12/2022 | 28219 | 29348 | 1411 |
| &nbsp;&nbsp;&nbsp; 4904824375, 18.000%, 4/15/2025 †x¥#^ | Stripe | 10/19/2023 | 10104 | 10508 | 505 |
| &nbsp;&nbsp;&nbsp; 4905283, 3.305%, 7/10/2023 †x¶#^ | Square | 1/12/2022 | 2706 | 2578 | 200 |
| &nbsp;&nbsp;&nbsp; 4905959, 3.305%, 7/10/2023 †x¶#^ | Square | 1/12/2022 | 2374 | 2262 | 176 |
| &nbsp;&nbsp;&nbsp; 4906623, 5.822%, 7/11/2023 †x¶#^ | Square | 1/13/2022 | 1036 | 953 | 77 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6153** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4907080, 4.724%, 7/11/2023 †x¶#^ | Square | 1/13/2022 | $1969 | $1839 | $146 |
| &nbsp;&nbsp;&nbsp; 4907498, 5.296%, 7/11/2023 †x¶#^ | Square | 1/13/2022 | 1601 | 1483 | 118 |
| &nbsp;&nbsp;&nbsp; 4908265, 4.403%, 7/11/2023 †x¶#^ | Square | 1/13/2022 | 504 | 473 | 37 |
| &nbsp;&nbsp;&nbsp; 4910239401, 26.485%, 1/23/2026 †x¥#^ | Stripe | 7/30/2024 | 1172 | 1219 | 59 |
| &nbsp;&nbsp;&nbsp; 4910785947, 23.592%, 10/07/2023 †x¥#^ | Stripe | 4/13/2022 | 5731 | 5961 | 287 |
| &nbsp;&nbsp;&nbsp; 4911764080, 19.733%, 3/26/2024 †x¥#^ | Stripe | 9/29/2022 | 8947 | 9305 | 447 |
| &nbsp;&nbsp;&nbsp; 4913293231, 16.000%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 160304 | 168319 | 168432 |
| &nbsp;&nbsp;&nbsp; 4915047, 3.306%, 7/13/2023 †x¶#^ | Square | 1/18/2022 | 1649 | 1571 | 122 |
| &nbsp;&nbsp;&nbsp; 4915475, 3.927%, 7/14/2023 †x¶#^ | Square | 1/19/2022 | 4120 | 3891 | 305 |
| &nbsp;&nbsp;&nbsp; 4915670, 3.564%, 7/14/2023 †x¶#^ | Square | 1/19/2022 | 700 | 665 | 52 |
| &nbsp;&nbsp;&nbsp; 4915681, 5.006%, 7/14/2023 †x¶#^ | Square | 1/19/2022 | 11927 | 11094 | 883 |
| &nbsp;&nbsp;&nbsp; 4916165, 3.298%, 7/14/2023 †x¶#^ | Square | 1/19/2022 | 3773 | 3595 | 279 |
| &nbsp;&nbsp;&nbsp; 4916180, 3.302%, 7/14/2023 †x¶#^ | Square | 1/19/2022 | 246 | 234 | 18 |
| &nbsp;&nbsp;&nbsp; 4916861, 5.298%, 7/14/2023 †x¶#^ | Square | 1/19/2022 | 2043 | 1893 | 151 |
| &nbsp;&nbsp;&nbsp; 4917630646, 18.800%, 12/26/2024 †x¥#^ | Stripe | 10/20/2022 | 6701 | 6969 | 335 |
| &nbsp;&nbsp;&nbsp; 4921214528, 26.529%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 3515 | 3656 | 3729 |
| &nbsp;&nbsp;&nbsp; 4922250918, 18.000%, 3/26/2027 †x¥ | Stripe | 9/30/2025 | 1917 | 1994 | 2029 |
| &nbsp;&nbsp;&nbsp; 4922641, 2.830%, 7/14/2023 †x¶#^ | Square | 1/19/2022 | 202 | 194 | 15 |
| &nbsp;&nbsp;&nbsp; 4923933, 4.472%, 7/16/2023 †x¶#^ | Square | 1/20/2022 | 277 | 260 | 21 |
| &nbsp;&nbsp;&nbsp; 4924106, 6.043%, 7/17/2023 †x¶#^ | Square | 1/20/2022 | 9251 | 8482 | 685 |
| &nbsp;&nbsp;&nbsp; 4924183, 2.451%, 7/17/2023 †x¶#^ | Square | 1/20/2022 | 249 | 240 | 18 |
| &nbsp;&nbsp;&nbsp; 4924562, 4.449%, 7/17/2023 †x¶#^ | Square | 1/20/2022 | 10955 | 10270 | 811 |
| &nbsp;&nbsp;&nbsp; 4924664, 3.298%, 7/17/2023 †x¶#^ | Square | 1/20/2022 | 1016 | 968 | 75 |
| &nbsp;&nbsp;&nbsp; 492474433, 22.133%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 3249 | 3379 | 162 |
| &nbsp;&nbsp;&nbsp; 4925659, 3.333%, 7/18/2023 †x¶#^ | Square | 1/20/2022 | 238 | 227 | 18 |
| &nbsp;&nbsp;&nbsp; 4925961084, 26.510%, 5/23/2026 †x¥# | Stripe | 9/26/2024 | 102 | 106 | 42 |
| &nbsp;&nbsp;&nbsp; 4926256, 4.560%, 7/18/2023 †x¶#^ | Square | 1/20/2022 | 521 | 487 | 39 |
| &nbsp;&nbsp;&nbsp; 4926841, 4.198%, 7/19/2023 †x¶#^ | Square | 1/21/2022 | 6187 | 5821 | 458 |
| &nbsp;&nbsp;&nbsp; 4931092, 4.403%, 7/20/2023 †x¶#^ | Square | 1/24/2022 | 10534 | 9882 | 780 |
| &nbsp;&nbsp;&nbsp; 4932175675, 25.600%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 29870 | 31364 | 31364 |
| &nbsp;&nbsp;&nbsp; 4932252, 3.906%, 7/20/2023 †x¶#^ | Square | 1/24/2022 | 296 | 280 | 22 |
| &nbsp;&nbsp;&nbsp; 4932290, 4.585%, 7/20/2023 †x¶#^ | Square | 1/24/2022 | 2502 | 2341 | 185 |
| &nbsp;&nbsp;&nbsp; 4932677, 4.548%, 7/20/2023 †x¶#^ | Square | 1/24/2022 | 965 | 904 | 71 |
| &nbsp;&nbsp;&nbsp; 4934560, 4.717%, 7/21/2023 †x¶#^ | Square | 1/25/2022 | 3726 | 3480 | 276 |
| &nbsp;&nbsp;&nbsp; 4935682, 4.557%, 7/23/2023 †x¶#^ | Square | 1/26/2022 | 1588 | 1486 | 117 |
| &nbsp;&nbsp;&nbsp; 4935837029, 20.381%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 1192 | 1251 | 1255 |
| &nbsp;&nbsp;&nbsp; 4936025, 4.403%, 7/23/2023 †x¶#^ | Square | 1/26/2022 | 4637 | 4350 | 343 |
| &nbsp;&nbsp;&nbsp; 4936582915, 20.399%, 11/12/2024 †x¥#^ | Stripe | 5/18/2023 | 26829 | 27903 | 1341 |
| &nbsp;&nbsp;&nbsp; 4936683, 4.568%, 7/24/2023 †x¶#^ | Square | 1/26/2022 | 364 | 340 | 27 |
| &nbsp;&nbsp;&nbsp; 4937610, 3.774%, 7/24/2023 †x¶#^ | Square | 1/26/2022 | 15563 | 14730 | 1152 |
| &nbsp;&nbsp;&nbsp; 4937647, 4.570%, 7/24/2023 †x¶#^ | Square | 1/26/2022 | 3073 | 2876 | 227 |
| &nbsp;&nbsp;&nbsp; 4937739, 4.569%, 7/24/2023 †x¶#^ | Square | 1/26/2022 | 2602 | 2435 | 193 |
| &nbsp;&nbsp;&nbsp; 4937746, 4.561%, 7/24/2023 †x¶#^ | Square | 1/26/2022 | 2811 | 2631 | 208 |
| &nbsp;&nbsp;&nbsp; 4938259315, 22.800%, 3/28/2024 †x¥#^ | Stripe | 10/03/2022 | 3153 | 3279 | 158 |
| &nbsp;&nbsp;&nbsp; 4938875, 4.285%, 7/24/2023 †x¶#^ | Square | 1/26/2022 | 230 | 216 | 17 |
| &nbsp;&nbsp;&nbsp; 4939651, 2.628%, 7/25/2023 †x¶#^ | Square | 1/27/2022 | 8985 | 8645 | 665 |
| &nbsp;&nbsp;&nbsp; 4942148, 4.560%, 7/26/2023 †x¶#^ | Square | 1/28/2022 | 12916 | 12089 | 956 |
| &nbsp;&nbsp;&nbsp; 4942277, 4.698%, 7/26/2023 †x¶#^ | Square | 1/28/2022 | 293 | 274 | 22 |
| &nbsp;&nbsp;&nbsp; 4942458, 4.205%, 7/26/2023 †x¶#^ | Square | 1/28/2022 | 34087 | 32064 | 2522 |
| &nbsp;&nbsp;&nbsp; 4943121479, 12.930%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 8372 | 8707 | 419 |
| &nbsp;&nbsp;&nbsp; 4943865299, 14.921%, 9/04/2026 †x¥ | Stripe | 3/11/2025 | 933 | 971 | 976 |
| &nbsp;&nbsp;&nbsp; 4945083, 4.558%, 7/27/2023 †x¶#^ | Square | 1/31/2022 | 5879 | 5503 | 435 |
| &nbsp;&nbsp;&nbsp; 494533459, 17.984%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 1937 | 2015 | 2043 |
| &nbsp;&nbsp;&nbsp; 4946514, 5.031%, 7/27/2023 †x¶#^ | Square | 1/31/2022 | 2468 | 2295 | 183 |
| &nbsp;&nbsp;&nbsp; 4948325038, 19.333%, 1/01/2027 †x¥ | Stripe | 7/09/2025 | 1984 | 2063 | 2105 |
| &nbsp;&nbsp;&nbsp; 494859447, 26.514%, 12/16/2025 †x¥#^ | Stripe | 6/21/2024 | 3500 | 3640 | 175 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6154** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 4950224341, 20.933%, 3/25/2026 †x¥# | Stripe | 9/27/2024 | $425 | $442 | $21 |
| &nbsp;&nbsp;&nbsp; 4955864666, 21.200%, 1/23/2026 †x¥#^ | Stripe | 7/30/2024 | 6431 | 6688 | 322 |
| &nbsp;&nbsp;&nbsp; 4960298002, 22.267%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 6000 | 6300 | 6300 |
| &nbsp;&nbsp;&nbsp; 4963971268, 15.198%, 2/10/2027 †x¥ | Stripe | 8/15/2025 | 8913 | 9269 | 9435 |
| &nbsp;&nbsp;&nbsp; 4967534438, 26.513%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 1258 | 1308 | 1322 |
| &nbsp;&nbsp;&nbsp; 4969271108, 26.525%, 6/10/2025 †x¥#^ | Stripe | 12/14/2023 | 4101 | 4265 | 205 |
| &nbsp;&nbsp;&nbsp; 4970138801, 18.476%, 8/02/2024 †x¥#^ | Stripe | 2/07/2023 | 269 | 280 | 13 |
| &nbsp;&nbsp;&nbsp; 4970877761, 22.000%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 1979 | 2058 | 2105 |
| &nbsp;&nbsp;&nbsp; 4972799307, 16.399%, 9/06/2023 †x¥#^ | Stripe | 3/11/2022 | 24977 | 25976 | 1249 |
| &nbsp;&nbsp;&nbsp; 4975522447, 17.200%, 9/26/2023 †x¥#^ | Stripe | 3/31/2022 | 11284 | 11735 | 564 |
| &nbsp;&nbsp;&nbsp; 4977852338, 26.530%, 3/14/2025 †x¥#^ | Stripe | 9/19/2023 | 18166 | 18892 | 908 |
| &nbsp;&nbsp;&nbsp; 4979328632, 19.333%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 220 | 228 | 233 |
| &nbsp;&nbsp;&nbsp; 4979684416, 21.067%, 8/02/2024 †x¥#^ | Stripe | 2/07/2023 | 678 | 705 | 34 |
| &nbsp;&nbsp;&nbsp; 497995142, 26.527%, 3/25/2026 †x¥# | Stripe | 9/27/2024 | 653 | 679 | 270 |
| &nbsp;&nbsp;&nbsp; 4983273412, 19.867%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | 2921 | 3037 | 146 |
| &nbsp;&nbsp;&nbsp; 4983695035, 24.533%, 6/21/2026 †x¥# | Stripe | 4/23/2024 | 1992 | 2072 | 100 |
| &nbsp;&nbsp;&nbsp; 49855359, 18.931%, 8/12/2025 †x¥#^ | Stripe | 2/15/2024 | 4791 | 4983 | 240 |
| &nbsp;&nbsp;&nbsp; 4986524023, 26.527%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 7935 | 8252 | 397 |
| &nbsp;&nbsp;&nbsp; 4986984077, 22.256%, 12/13/2025 †x¥#^ | Stripe | 6/20/2024 | 834 | 867 | 42 |
| &nbsp;&nbsp;&nbsp; 49893794, 26.521%, 10/29/2026 †x¥ | Stripe | 5/05/2025 | 602 | 626 | 642 |
| &nbsp;&nbsp;&nbsp; 4990275533, 16.400%, 5/14/2023 †x¥#^ | Stripe | 9/17/2021 | 39506 | 41086 | 1975 |
| &nbsp;&nbsp;&nbsp; 4991461509, 26.533%, 4/10/2026 †x¥# | Stripe | 10/16/2024 | 222 | 231 | 11 |
| &nbsp;&nbsp;&nbsp; 4992337034, 22.260%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 5036 | 5288 | 5308 |
| &nbsp;&nbsp;&nbsp; 4993949003, 25.167%, 3/22/2024 †x¥#^ | Stripe | 9/27/2022 | 1067 | 1109 | 53 |
| &nbsp;&nbsp;&nbsp; 4994005116, 22.400%, 8/28/2026 †x¥ | Stripe | 3/04/2025 | 963 | 1001 | 1021 |
| &nbsp;&nbsp;&nbsp; 4997213574, 22.800%, 11/14/2024 †x¥#^ | Stripe | 5/22/2023 | 6738 | 7007 | 337 |
| &nbsp;&nbsp;&nbsp; 4999619631, 26.510%, 1/21/2025 †x¥#^ | Stripe | 7/27/2023 | 948 | 985 | 47 |
| &nbsp;&nbsp;&nbsp; 4abce04e-954e-433d-8cbc-d2916e0580a4, 14.670%, 8/15/2022 †x#^ | Funding Circle | 8/17/2018 | 106732 | 106732 | 32020 |
| &nbsp;&nbsp;&nbsp; 4cf4ee98-5b0b-438f-8990-fd6d64a70299, 18.900%, 11/13/2018 †x#^ | Funding Circle | 12/14/2017 | 8171 | 8171 | 2451 |
| &nbsp;&nbsp;&nbsp; 4e5f91e9-471e-48bd-9fb2-11276a835d4c, 26.990%, 8/13/2023 †x#^ | Funding Circle | 8/15/2018 | 35381 | 35381 | 10614 |
| &nbsp;&nbsp;&nbsp; 5003589224, 16.261%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 5200 | 5408 | 5450 |
| &nbsp;&nbsp;&nbsp; 5004786185, 19.309%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 2185 | 2272 | 109 |
| &nbsp;&nbsp;&nbsp; 5011164814, 22.377%, 1/04/2025 †x¥#^ | Stripe | 7/12/2023 | 2035 | 2117 | 102 |
| &nbsp;&nbsp;&nbsp; 501425578, 20.664%, 11/07/2024 †x¥#^ | Stripe | 9/12/2022 | 2975 | 3094 | 149 |
| &nbsp;&nbsp;&nbsp; 5021422868, 26.240%, 12/26/2025 †x¥#^ | Stripe | 7/02/2024 | 650 | 676 | 32 |
| &nbsp;&nbsp;&nbsp; 5022806410, 23.058%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 6277 | 6528 | 314 |
| &nbsp;&nbsp;&nbsp; 5024221973, 21.048%, 9/26/2024 †x¥#^ | Stripe | 4/03/2023 | 950 | 988 | 47 |
| &nbsp;&nbsp;&nbsp; 5025350526, 20.000%, 7/17/2024 †x¥#^ | Stripe | 1/20/2023 | 14373 | 14947 | 719 |
| &nbsp;&nbsp;&nbsp; 5025482968, 19.319%, 10/14/2026 †x¥ | Stripe | 2/20/2025 | 1165 | 1212 | 1234 |
| &nbsp;&nbsp;&nbsp; 5027727789, 25.600%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 197 | 205 | 210 |
| &nbsp;&nbsp;&nbsp; 5029123355, 26.533%, 12/23/2026 †x¥ | Stripe | 6/27/2025 | 1002 | 1042 | 1059 |
| &nbsp;&nbsp;&nbsp; 5030753831, 26.105%, 6/17/2026 †x¥ | Stripe | 12/20/2024 | 508 | 529 | 293 |
| &nbsp;&nbsp;&nbsp; 5034320812, 18.128%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 4026 | 4227 | 4241 |
| &nbsp;&nbsp;&nbsp; 5035500345, 16.267%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 1905 | 2000 | 2002 |
| &nbsp;&nbsp;&nbsp; 5036477210, 22.400%, 9/02/2026 †x¥ | Stripe | 3/07/2025 | 345 | 359 | 368 |
| &nbsp;&nbsp;&nbsp; 503762447, 20.333%, 2/04/2027 †x¥ | Stripe | 8/11/2025 | 170 | 177 | 181 |
| &nbsp;&nbsp;&nbsp; 5041921256, 22.395%, 4/28/2026 †x¥# | Stripe | 10/31/2024 | 7840 | 8154 | 392 |
| &nbsp;&nbsp;&nbsp; 504619635, 26.522%, 2/18/2027 †x¥# | Stripe | 8/25/2025 | 4089 | 4252 | 1159 |
| &nbsp;&nbsp;&nbsp; 5050463457, 18.933%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 38650 | 40196 | 1932 |
| &nbsp;&nbsp;&nbsp; 5056720, 4.874%, 9/03/2023 †x¶#^ | Square | 3/07/2022 | 89585 | 83481 | 6629 |
| &nbsp;&nbsp;&nbsp; 5058922303, 25.333%, 5/04/2024 †x¥#^ | Stripe | 11/09/2022 | 6165 | 6412 | 308 |
| &nbsp;&nbsp;&nbsp; 5059904063, 20.797%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 1692 | 1759 | 85 |
| &nbsp;&nbsp;&nbsp; 5062571870, 25.590%, 1/01/2027 †x¥ | Stripe | 7/09/2025 | 2064 | 2146 | 2194 |
| &nbsp;&nbsp;&nbsp; 5066379, 4.560%, 9/08/2023 †x¶#^ | Square | 3/10/2022 | 72416 | 68693 | 5359 |
| &nbsp;&nbsp;&nbsp; 5070329708, 26.532%, 11/05/2024 †x¥#^ | Stripe | 5/11/2023 | 21076 | 21920 | 1054 |
| &nbsp;&nbsp;&nbsp; 507440522, 20.750%, 1/21/2025 †x¥#^ | Stripe | 7/27/2023 | 613 | 637 | 31 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6155** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5075676019, 22.303%, 8/15/2026 †x¥# | Stripe | 2/20/2025 | $304 | $316 | $57 |
| &nbsp;&nbsp;&nbsp; 5078283129, 21.463%, 7/08/2023 †x¥#^ | Stripe | 1/12/2022 | 7499 | 7799 | 375 |
| &nbsp;&nbsp;&nbsp; 5078908786, 26.462%, 12/30/2025 †x¥#^ | Stripe | 7/05/2024 | 416 | 433 | 21 |
| &nbsp;&nbsp;&nbsp; 5080575952, 26.529%, 11/01/2026 †x¥# | Stripe | 8/19/2024 | 2893 | 3008 | 555 |
| &nbsp;&nbsp;&nbsp; 508170120, 20.000%, 8/16/2024 †x¥#^ | Stripe | 2/22/2023 | 3112 | 3237 | 156 |
| &nbsp;&nbsp;&nbsp; 5083625, 5.148%, 9/15/2023 †x¶#^ | Square | 3/17/2022 | 117040 | 108650 | 8661 |
| &nbsp;&nbsp;&nbsp; 5086083719, 24.930%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 17027 | 17878 | 18033 |
| &nbsp;&nbsp;&nbsp; 5096538494, 26.533%, 11/02/2024 †x¥#^ | Stripe | 5/10/2023 | 1093 | 1137 | 55 |
| &nbsp;&nbsp;&nbsp; 5097220834, 20.932%, 11/21/2023 †x¥#^ | Stripe | 5/26/2022 | 16293 | 16945 | 815 |
| &nbsp;&nbsp;&nbsp; 5097930739, 25.600%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 11563 | 12026 | 12251 |
| &nbsp;&nbsp;&nbsp; 5099124141, 20.394%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 4018 | 4219 | 4224 |
| &nbsp;&nbsp;&nbsp; 5100113843, 26.510%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 4973 | 5222 | 5225 |
| &nbsp;&nbsp;&nbsp; 5101334014, 17.996%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 4514 | 4694 | 4775 |
| &nbsp;&nbsp;&nbsp; 510153194, 21.730%, 4/17/2025 †x¥#^ | Stripe | 10/23/2023 | 7579 | 7659 | 379 |
| &nbsp;&nbsp;&nbsp; 5105734363, 26.533%, 1/23/2026 †x¥#^ | Stripe | 7/30/2024 | 1333 | 1387 | 258 |
| &nbsp;&nbsp;&nbsp; 5115673658, 26.476%, 6/06/2025 †x¥#^ | Stripe | 12/12/2023 | 1620 | 1684 | 81 |
| &nbsp;&nbsp;&nbsp; 5116143402, 17.860%, 4/25/2023 †x¥#^ | Stripe | 10/28/2021 | 1377 | 1432 | 69 |
| &nbsp;&nbsp;&nbsp; 5117410, 4.875%, 9/30/2023 †x¶#^ | Square | 4/01/2022 | 30839 | 28737 | 2282 |
| &nbsp;&nbsp;&nbsp; 5117662, 4.570%, 9/30/2023 †x¶#^ | Square | 4/01/2022 | 284 | 266 | 21 |
| &nbsp;&nbsp;&nbsp; 5118155, 4.403%, 9/30/2023 †x¶#^ | Square | 4/01/2022 | 2548 | 2390 | 189 |
| &nbsp;&nbsp;&nbsp; 5118724, 3.774%, 9/30/2023 †x¶#^ | Square | 4/01/2022 | 3893 | 3685 | 288 |
| &nbsp;&nbsp;&nbsp; 5119219, 4.403%, 9/30/2023 †x¶#^ | Square | 4/01/2022 | 1392 | 1306 | 103 |
| &nbsp;&nbsp;&nbsp; 5120779768, 18.531%, 5/20/2024 †x¥#^ | Stripe | 9/26/2022 | 2508 | 2609 | 125 |
| &nbsp;&nbsp;&nbsp; 5121962, 4.553%, 9/30/2023 †x¶#^ | Square | 4/04/2022 | 1409 | 1319 | 104 |
| &nbsp;&nbsp;&nbsp; 5124079, 4.877%, 9/30/2023 †x¶#^ | Square | 4/04/2022 | 6522 | 6077 | 483 |
| &nbsp;&nbsp;&nbsp; 5124223, 2.314%, 9/30/2023 †x¶#^ | Square | 4/04/2022 | 761 | 735 | 56 |
| &nbsp;&nbsp;&nbsp; 5124581, 4.560%, 9/30/2023 †x¶#^ | Square | 4/04/2022 | 7819 | 7367 | 579 |
| &nbsp;&nbsp;&nbsp; 5124748, 3.301%, 9/30/2023 †x¶#^ | Square | 4/04/2022 | 2609 | 2486 | 193 |
| &nbsp;&nbsp;&nbsp; 5126518, 4.558%, 10/01/2023 †x¶#^ | Square | 4/05/2022 | 2114 | 1980 | 156 |
| &nbsp;&nbsp;&nbsp; 5127530, 4.579%, 10/01/2023 †x¶#^ | Square | 4/05/2022 | 615 | 575 | 46 |
| &nbsp;&nbsp;&nbsp; 5128164, 4.563%, 10/02/2023 †x¶#^ | Square | 4/06/2022 | 3601 | 3370 | 266 |
| &nbsp;&nbsp;&nbsp; 5129161691, 18.667%, 7/18/2026 †x¥# | Stripe | 1/23/2025 | 4530 | 4711 | 1794 |
| &nbsp;&nbsp;&nbsp; 5130182718, 19.852%, 8/20/2025 †x¥#^ | Stripe | 2/23/2024 | 900 | 936 | 45 |
| &nbsp;&nbsp;&nbsp; 5130214, 3.308%, 10/04/2023 †x¶#^ | Square | 4/06/2022 | 314 | 300 | 23 |
| &nbsp;&nbsp;&nbsp; 5130649, 4.880%, 10/04/2023 †x¶#^ | Square | 4/06/2022 | 4120 | 3839 | 305 |
| &nbsp;&nbsp;&nbsp; 513107099, 18.263%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 7243 | 7606 | 7614 |
| &nbsp;&nbsp;&nbsp; 5133087, 6.233%, 10/05/2023 †x¶#^ | Square | 4/07/2022 | 12666 | 11636 | 937 |
| &nbsp;&nbsp;&nbsp; 5133520, 3.774%, 10/05/2023 †x¶#^ | Square | 4/07/2022 | 13628 | 12898 | 1008 |
| &nbsp;&nbsp;&nbsp; 5134380625, 20.254%, 12/01/2024 †x¥#^ | Stripe | 4/07/2023 | 1739 | 1809 | 87 |
| &nbsp;&nbsp;&nbsp; 5134550, 4.558%, 10/05/2023 †x¶#^ | Square | 4/07/2022 | 6189 | 5793 | 458 |
| &nbsp;&nbsp;&nbsp; 5137105, 3.774%, 10/06/2023 †x¶#^ | Square | 4/08/2022 | 377 | 357 | 28 |
| &nbsp;&nbsp;&nbsp; 5138287, 3.671%, 10/06/2023 †x¶#^ | Square | 4/08/2022 | 3779 | 3582 | 280 |
| &nbsp;&nbsp;&nbsp; 5138664, 4.560%, 10/06/2023 †x¶#^ | Square | 4/08/2022 | 31027 | 29099 | 2296 |
| &nbsp;&nbsp;&nbsp; 5138846, 3.741%, 10/06/2023 †x¶#^ | Square | 4/08/2022 | 23582 | 22330 | 1745 |
| &nbsp;&nbsp;&nbsp; 5141490, 4.561%, 10/07/2023 †x¶#^ | Square | 4/11/2022 | 5326 | 4985 | 394 |
| &nbsp;&nbsp;&nbsp; 5142655059, 19.850%, 10/31/2024 †x¥#^ | Stripe | 5/08/2023 | 6666 | 6932 | 333 |
| &nbsp;&nbsp;&nbsp; 5143048, 4.559%, 10/07/2023 †x¶#^ | Square | 4/11/2022 | 5381 | 5037 | 398 |
| &nbsp;&nbsp;&nbsp; 5143711522, 26.533%, 9/10/2026 †x¥# | Stripe | 3/17/2025 | 2365 | 2459 | 118 |
| &nbsp;&nbsp;&nbsp; 5143863765, 17.333%, 5/02/2024 †x¥#^ | Stripe | 3/07/2022 | 3897 | 4053 | 195 |
| &nbsp;&nbsp;&nbsp; 5143941610, 26.530%, 6/23/2026 †x¥# | Stripe | 12/27/2024 | 1971 | 2050 | 99 |
| &nbsp;&nbsp;&nbsp; 5143960400, 17.333%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 3719 | 3905 | 3907 |
| &nbsp;&nbsp;&nbsp; 5144364, 3.294%, 10/07/2023 †x¶#^ | Square | 4/11/2022 | 1073 | 1022 | 79 |
| &nbsp;&nbsp;&nbsp; 5146367, 5.058%, 10/08/2023 †x¶#^ | Square | 4/12/2022 | 1861 | 1730 | 138 |
| &nbsp;&nbsp;&nbsp; 5147308, 3.306%, 10/08/2023 †x¶#^ | Square | 4/12/2022 | 981 | 935 | 73 |
| &nbsp;&nbsp;&nbsp; 5147690937, 26.507%, 6/11/2025 †x¥#^ | Stripe | 12/15/2023 | 914 | 950 | 46 |
| &nbsp;&nbsp;&nbsp; 5148427, 4.566%, 10/09/2023 †x¶#^ | Square | 4/13/2022 | 1069 | 1000 | 79 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6156** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5148635, 4.587%, 10/09/2023 †x¶#^ | Square | 4/13/2022 | $227 | $212 | $17 |
| &nbsp;&nbsp;&nbsp; 5149789, 3.913%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 854 | 807 | 63 |
| &nbsp;&nbsp;&nbsp; 5149805, 4.403%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 636 | 597 | 47 |
| &nbsp;&nbsp;&nbsp; 5150588, 4.560%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 15892 | 14875 | 1176 |
| &nbsp;&nbsp;&nbsp; 5150802, 4.560%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 3957 | 3704 | 293 |
| &nbsp;&nbsp;&nbsp; 5151022, 5.556%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 3488 | 3219 | 258 |
| &nbsp;&nbsp;&nbsp; 5151489, 4.566%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 1076 | 1007 | 80 |
| &nbsp;&nbsp;&nbsp; 5151590, 4.403%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 216740 | 203316 | 16039 |
| &nbsp;&nbsp;&nbsp; 5152252, 3.313%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 386 | 368 | 29 |
| &nbsp;&nbsp;&nbsp; 5152354, 3.281%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 508 | 485 | 38 |
| &nbsp;&nbsp;&nbsp; 5152635, 4.717%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 2444 | 2283 | 181 |
| &nbsp;&nbsp;&nbsp; 5152848, 4.717%, 10/11/2023 †x¶#^ | Square | 4/13/2022 | 27435 | 25622 | 2030 |
| &nbsp;&nbsp;&nbsp; 5154051, 4.406%, 10/12/2023 †x¶#^ | Square | 4/14/2022 | 6257 | 5869 | 463 |
| &nbsp;&nbsp;&nbsp; 5154839, 4.489%, 10/12/2023 †x¶#^ | Square | 4/14/2022 | 3348 | 3137 | 248 |
| &nbsp;&nbsp;&nbsp; 5157245974, 18.133%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 104161 | 109369 | 109935 |
| &nbsp;&nbsp;&nbsp; 5157380, 4.972%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 1042 | 970 | 77 |
| &nbsp;&nbsp;&nbsp; 5158598, 4.514%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 1371 | 1284 | 101 |
| &nbsp;&nbsp;&nbsp; 5158839, 4.207%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 348 | 328 | 26 |
| &nbsp;&nbsp;&nbsp; 5159561, 4.882%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 927 | 864 | 69 |
| &nbsp;&nbsp;&nbsp; 5159610, 4.560%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 453 | 424 | 33 |
| &nbsp;&nbsp;&nbsp; 5159995, 4.344%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 2747 | 2579 | 203 |
| &nbsp;&nbsp;&nbsp; 5160521, 4.563%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 5783 | 5412 | 428 |
| &nbsp;&nbsp;&nbsp; 5160672, 4.548%, 10/13/2023 †x¶#^ | Square | 4/15/2022 | 295 | 276 | 22 |
| &nbsp;&nbsp;&nbsp; 5160928328, 20.648%, 12/03/2024 †x¥#^ | Stripe | 6/08/2023 | 2379 | 2475 | 119 |
| &nbsp;&nbsp;&nbsp; 5162517, 4.717%, 10/14/2023 †x¶#^ | Square | 4/18/2022 | 4747 | 4433 | 351 |
| &nbsp;&nbsp;&nbsp; 5162531, 4.560%, 10/14/2023 †x¶#^ | Square | 4/18/2022 | 3707 | 3470 | 274 |
| &nbsp;&nbsp;&nbsp; 5163116, 4.406%, 10/14/2023 †x¶#^ | Square | 4/18/2022 | 1451 | 1361 | 107 |
| &nbsp;&nbsp;&nbsp; 5163336, 3.159%, 10/14/2023 †x¶#^ | Square | 4/18/2022 | 627 | 607 | 46 |
| &nbsp;&nbsp;&nbsp; 5164609, 5.031%, 10/14/2023 †x¶#^ | Square | 4/18/2022 | 5376 | 5002 | 398 |
| &nbsp;&nbsp;&nbsp; 5170572, 3.774%, 10/15/2023 †x¶#^ | Square | 4/19/2022 | 100830 | 95428 | 7461 |
| &nbsp;&nbsp;&nbsp; 5171795, 3.459%, 10/16/2023 †x¶#^ | Square | 4/20/2022 | 640 | 608 | 47 |
| &nbsp;&nbsp;&nbsp; 5172193, 4.769%, 10/16/2023 †x¶#^ | Square | 4/20/2022 | 944 | 881 | 70 |
| &nbsp;&nbsp;&nbsp; 5173188, 4.292%, 10/17/2023 †x¶#^ | Square | 4/20/2022 | 954 | 896 | 71 |
| &nbsp;&nbsp;&nbsp; 5173595408, 19.864%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | 10390 | 10806 | 519 |
| &nbsp;&nbsp;&nbsp; 5174284437, 26.527%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 6331 | 6584 | 1804 |
| &nbsp;&nbsp;&nbsp; 5174833227, 21.190%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 2424 | 2521 | 121 |
| &nbsp;&nbsp;&nbsp; 5176057437, 20.267%, 10/17/2024 †x¥#^ | Stripe | 8/17/2022 | 4477 | 4656 | 224 |
| &nbsp;&nbsp;&nbsp; 5176688686, 19.828%, 9/14/2024 †x¥#^ | Stripe | 3/22/2023 | 1255 | 1305 | 63 |
| &nbsp;&nbsp;&nbsp; 5177752, 4.560%, 10/18/2023 †x¶#^ | Square | 4/20/2022 | 26494 | 24798 | 1961 |
| &nbsp;&nbsp;&nbsp; 5178555, 4.873%, 10/18/2023 †x¶#^ | Square | 4/20/2022 | 4961 | 4623 | 367 |
| &nbsp;&nbsp;&nbsp; 5180023455, 16.132%, 6/05/2026 †x¥ | Stripe | 12/10/2024 | 3025 | 3146 | 3181 |
| &nbsp;&nbsp;&nbsp; 5182771314, 26.522%, 9/06/2026 †x¥# | Stripe | 7/08/2024 | 4009 | 4170 | 200 |
| &nbsp;&nbsp;&nbsp; 5183440945, 19.200%, 5/25/2024 †x¥#^ | Stripe | 11/30/2022 | 382 | 397 | 19 |
| &nbsp;&nbsp;&nbsp; 5183715, 4.992%, 10/19/2023 †x¶#^ | Square | 4/21/2022 | 3494 | 3251 | 259 |
| &nbsp;&nbsp;&nbsp; 5183801298, 20.650%, 12/02/2025 †x¥#^ | Stripe | 6/06/2024 | 3612 | 3757 | 181 |
| &nbsp;&nbsp;&nbsp; 5185856497, 16.261%, 1/06/2027 †x¥ | Stripe | 7/11/2025 | 1217 | 1265 | 1285 |
| &nbsp;&nbsp;&nbsp; 518694331, 26.125%, 7/17/2026 †x¥# | Stripe | 1/22/2025 | 726 | 755 | 297 |
| &nbsp;&nbsp;&nbsp; 5188449109, 19.333%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 1700 | 1768 | 1805 |
| &nbsp;&nbsp;&nbsp; 5188913242, 18.667%, 6/19/2025 †x¥#^ | Stripe | 12/26/2023 | 22265 | 23155 | 1113 |
| &nbsp;&nbsp;&nbsp; 5189497, 4.403%, 10/20/2023 †x¶#^ | Square | 4/22/2022 | 566 | 531 | 42 |
| &nbsp;&nbsp;&nbsp; 5189610905, 19.466%, 1/26/2026 †x¥#^ | Stripe | 11/30/2023 | 18331 | 19064 | 917 |
| &nbsp;&nbsp;&nbsp; 5189785, 4.564%, 10/20/2023 †x¶#^ | Square | 4/22/2022 | 4763 | 4458 | 352 |
| &nbsp;&nbsp;&nbsp; 5190382, 4.562%, 10/20/2023 †x¶#^ | Square | 4/22/2022 | 5730 | 5363 | 424 |
| &nbsp;&nbsp;&nbsp; 519564358, 21.865%, 10/11/2025 †x¥#^ | Stripe | 4/17/2024 | 16433 | 17090 | 822 |
| &nbsp;&nbsp;&nbsp; 5197996079, 18.133%, 1/08/2027 †x¥ | Stripe | 7/15/2025 | 1701 | 1769 | 1804 |
| &nbsp;&nbsp;&nbsp; 5198605, 4.717%, 10/21/2023 †x¶#^ | Square | 4/25/2022 | 1046 | 977 | 77 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6157** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 51f338e3-c546-41c5-96b8-d7508e7e0700, 21.290%, 1/22/2019 †x#^ | Funding Circle | 1/09/2017 | $23665 | $23665 | $7099 |
| &nbsp;&nbsp;&nbsp; 5201491747, 26.485%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 2160 | 2267 | 2268 |
| &nbsp;&nbsp;&nbsp; 5201714, 3.935%, 10/21/2023 †x¶#^ | Square | 4/25/2022 | 5615 | 5302 | 416 |
| &nbsp;&nbsp;&nbsp; 5203678, 4.561%, 10/21/2023 †x¶#^ | Square | 4/25/2022 | 6311 | 5907 | 467 |
| &nbsp;&nbsp;&nbsp; 5204395, 4.403%, 10/22/2023 †x¶#^ | Square | 4/26/2022 | 3255 | 3053 | 241 |
| &nbsp;&nbsp;&nbsp; 5204847914, 24.000%, 5/16/2023 †x¥#^ | Stripe | 11/18/2021 | 2824 | 2937 | 141 |
| &nbsp;&nbsp;&nbsp; 5206715137, 16.264%, 12/30/2026 †x¥ | Stripe | 7/07/2025 | 3461 | 3600 | 3644 |
| &nbsp;&nbsp;&nbsp; 5206828, 3.994%, 10/22/2023 †x¶#^ | Square | 4/26/2022 | 361 | 341 | 27 |
| &nbsp;&nbsp;&nbsp; 5207223, 5.031%, 10/22/2023 †x¶#^ | Square | 4/26/2022 | 678 | 630 | 50 |
| &nbsp;&nbsp;&nbsp; 5207517356, 22.400%, 8/14/2026 †x¥ | Stripe | 2/19/2025 | 481 | 500 | 513 |
| &nbsp;&nbsp;&nbsp; 5209661841, 15.463%, 8/10/2023 †x¥#^ | Stripe | 2/14/2022 | 6557 | 6820 | 328 |
| &nbsp;&nbsp;&nbsp; 5210212477, 20.800%, 12/13/2022 †x¥#^ | Stripe | 6/17/2021 | 444 | 462 | 22 |
| &nbsp;&nbsp;&nbsp; 5210811, 4.654%, 10/24/2023 †x¶#^ | Square | 4/27/2022 | 4777 | 4466 | 354 |
| &nbsp;&nbsp;&nbsp; 5212141, 4.562%, 10/25/2023 †x¶#^ | Square | 4/27/2022 | 3153 | 2951 | 233 |
| &nbsp;&nbsp;&nbsp; 5212677, 4.562%, 10/25/2023 †x¶#^ | Square | 4/27/2022 | 567 | 530 | 42 |
| &nbsp;&nbsp;&nbsp; 5214541, 3.697%, 10/25/2023 †x¶#^ | Square | 4/27/2022 | 1573 | 1491 | 116 |
| &nbsp;&nbsp;&nbsp; 5215381, 4.564%, 10/25/2023 †x¶#^ | Square | 4/27/2022 | 6992 | 6544 | 517 |
| &nbsp;&nbsp;&nbsp; 5215408105, 22.133%, 4/19/2025 †x¥#^ | Stripe | 10/25/2023 | 1604 | 1668 | 80 |
| &nbsp;&nbsp;&nbsp; 5215413, 5.475%, 10/25/2023 †x¶#^ | Square | 4/27/2022 | 714 | 660 | 53 |
| &nbsp;&nbsp;&nbsp; 5215613, 4.560%, 10/25/2023 †x¶#^ | Square | 4/27/2022 | 15100 | 14133 | 1117 |
| &nbsp;&nbsp;&nbsp; 5216462, 5.031%, 10/26/2023 †x¶#^ | Square | 4/28/2022 | 1720 | 1599 | 127 |
| &nbsp;&nbsp;&nbsp; 5216629672, 24.133%, 2/27/2026 †x¥#^ | Stripe | 9/04/2024 | 3976 | 4135 | 199 |
| &nbsp;&nbsp;&nbsp; 5217533083, 19.859%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | 7895 | 8211 | 395 |
| &nbsp;&nbsp;&nbsp; 5219099, 3.774%, 10/26/2023 †x¶#^ | Square | 4/28/2022 | 37441 | 35452 | 2771 |
| &nbsp;&nbsp;&nbsp; 5221138, 3.943%, 10/27/2023 †x¶#^ | Square | 4/29/2022 | 1374 | 1299 | 102 |
| &nbsp;&nbsp;&nbsp; 5221307, 4.570%, 10/27/2023 †x¶#^ | Square | 4/29/2022 | 2006 | 1877 | 148 |
| &nbsp;&nbsp;&nbsp; 5221343, 6.107%, 10/27/2023 †x¶#^ | Square | 4/29/2022 | 678 | 622 | 50 |
| &nbsp;&nbsp;&nbsp; 5221425164, 26.533%, 1/13/2027 †x¥# | Stripe | 7/18/2025 | 2293 | 2385 | 444 |
| &nbsp;&nbsp;&nbsp; 5226395116, 18.000%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 248191 | 260601 | 260601 |
| &nbsp;&nbsp;&nbsp; 5226643812, 16.256%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 2400 | 2520 | 2523 |
| &nbsp;&nbsp;&nbsp; 5231996123, 24.000%, 10/07/2023 †x¥#^ | Stripe | 4/13/2022 | 7188 | 7475 | 359 |
| &nbsp;&nbsp;&nbsp; 5232775761, 18.931%, 3/05/2025 †x¥#^ | Stripe | 9/08/2023 | 25376 | 26391 | 1269 |
| &nbsp;&nbsp;&nbsp; 5234540, 3.220%, 10/28/2023 †x¶#^ | Square | 5/02/2022 | 40880 | 38997 | 3025 |
| &nbsp;&nbsp;&nbsp; 5237354885, 18.666%, 8/27/2026 †x¥# | Stripe | 3/03/2025 | 10730 | 11159 | 1985 |
| &nbsp;&nbsp;&nbsp; 5239556127, 22.000%, 6/27/2026 †x¥ | Stripe | 1/02/2025 | 872 | 906 | 930 |
| &nbsp;&nbsp;&nbsp; 5239806656, 24.000%, 11/19/2023 †x¥#^ | Stripe | 9/15/2021 | 4800 | 4992 | 240 |
| &nbsp;&nbsp;&nbsp; 5240315748, 21.849%, 7/30/2025 †x¥#^ | Stripe | 2/02/2024 | 3015 | 3136 | 151 |
| &nbsp;&nbsp;&nbsp; 5244298165, 25.600%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | 26833 | 27907 | 28102 |
| &nbsp;&nbsp;&nbsp; 5246657528, 21.733%, 6/03/2025 †x¥#^ | Stripe | 12/07/2023 | 4111 | 4276 | 206 |
| &nbsp;&nbsp;&nbsp; 5254546, 3.774%, 11/04/2023 †x¶#^ | Square | 5/06/2022 | 51566 | 48803 | 3816 |
| &nbsp;&nbsp;&nbsp; 525494049, 12.800%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 10289 | 10803 | 10822 |
| &nbsp;&nbsp;&nbsp; 5256398282, 22.396%, 5/05/2026 †x¥# | Stripe | 11/07/2024 | 6361 | 6615 | 1198 |
| &nbsp;&nbsp;&nbsp; 5259935713, 20.133%, 12/12/2024 †x¥#^ | Stripe | 6/20/2023 | 42745 | 44454 | 2137 |
| &nbsp;&nbsp;&nbsp; 5261717523, 20.789%, 1/21/2025 †x¥#^ | Stripe | 7/27/2023 | 2949 | 3067 | 147 |
| &nbsp;&nbsp;&nbsp; 526393683, 22.397%, 9/03/2026 †x¥ | Stripe | 3/10/2025 | 15782 | 16413 | 16707 |
| &nbsp;&nbsp;&nbsp; 5265143149, 22.925%, 6/21/2024 †x¥#^ | Stripe | 12/28/2022 | 5545 | 5767 | 277 |
| &nbsp;&nbsp;&nbsp; 5268225385, 24.000%, 11/30/2023 †x¥#^ | Stripe | 6/06/2022 | 1526 | 1587 | 76 |
| &nbsp;&nbsp;&nbsp; 5270839799, 22.130%, 7/27/2024 †x¥#^ | Stripe | 2/01/2023 | 5439 | 5657 | 272 |
| &nbsp;&nbsp;&nbsp; 5271756248, 26.528%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 913 | 949 | 46 |
| &nbsp;&nbsp;&nbsp; 5274723910, 22.390%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 6715 | 6983 | 336 |
| &nbsp;&nbsp;&nbsp; 5279126821, 19.597%, 8/31/2024 †x¥#^ | Stripe | 3/08/2023 | 1160 | 1207 | 58 |
| &nbsp;&nbsp;&nbsp; 5279826532, 22.267%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 10202 | 10712 | 10809 |
| &nbsp;&nbsp;&nbsp; 5280372, 4.717%, 11/10/2023 †x¶#^ | Square | 5/12/2022 | 44944 | 41974 | 3326 |
| &nbsp;&nbsp;&nbsp; 5281644279, 20.394%, 10/10/2024 †x¥#^ | Stripe | 4/17/2023 | 1887 | 1963 | 94 |
| &nbsp;&nbsp;&nbsp; 5282590469, 21.544%, 4/01/2025 †x¥#^ | Stripe | 10/05/2023 | 272 | 283 | 14 |
| &nbsp;&nbsp;&nbsp; 5283581, 4.403%, 11/11/2023 †x¶#^ | Square | 5/13/2022 | 233421 | 218961 | 17273 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6158** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5284729145, 24.933%, 5/18/2024 †x¥#^ | Stripe | 11/23/2022 | $545 | $567 | $27 |
| &nbsp;&nbsp;&nbsp; 5288448076, 18.667%, 7/25/2024 †x¥#^ | Stripe | 1/30/2023 | 5726 | 5955 | 286 |
| &nbsp;&nbsp;&nbsp; 5289179138, 13.722%, 10/25/2026 †x¥# | Stripe | 8/22/2024 | 2705 | 2813 | 135 |
| &nbsp;&nbsp;&nbsp; 5289796883, 26.519%, 7/15/2026 †x¥ | Stripe | 1/17/2025 | 600 | 624 | 639 |
| &nbsp;&nbsp;&nbsp; 5290052, 3.950%, 11/12/2023 †x¶#^ | Square | 5/16/2022 | 118159 | 111577 | 8744 |
| &nbsp;&nbsp;&nbsp; 5290492091, 12.798%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 28307 | 29722 | 29721 |
| &nbsp;&nbsp;&nbsp; 5291977155, 14.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 8223 | 8634 | 8636 |
| &nbsp;&nbsp;&nbsp; 5292444555, 26.133%, 4/21/2026 †x¥# | Stripe | 10/24/2024 | 26302 | 27354 | 1315 |
| &nbsp;&nbsp;&nbsp; 5299232793, 12.800%, 12/04/2026 †x¥ | Stripe | 6/10/2025 | 111294 | 115745 | 116774 |
| &nbsp;&nbsp;&nbsp; 5300131, 4.560%, 11/17/2023 †x¶#^ | Square | 5/19/2022 | 79502 | 74412 | 5883 |
| &nbsp;&nbsp;&nbsp; 5302132118, 18.130%, 12/08/2026 †x¥# | Stripe | 6/12/2025 | 4344 | 4518 | 1176 |
| &nbsp;&nbsp;&nbsp; 5304851236, 16.933%, 3/10/2024 †x¥#^ | Stripe | 2/25/2022 | 5406 | 5623 | 270 |
| &nbsp;&nbsp;&nbsp; 5307654571, 17.987%, 5/17/2024 †x¥#^ | Stripe | 11/22/2022 | 1662 | 1729 | 83 |
| &nbsp;&nbsp;&nbsp; 5309580697, 23.591%, 5/20/2023 †x¥#^ | Stripe | 11/24/2021 | 3128 | 3253 | 156 |
| &nbsp;&nbsp;&nbsp; 5309641109, 26.533%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 889 | 924 | 44 |
| &nbsp;&nbsp;&nbsp; 5309674620, 14.909%, 1/03/2025 †x¥#^ | Stripe | 7/11/2023 | 335 | 349 | 17 |
| &nbsp;&nbsp;&nbsp; 5309877238, 19.467%, 8/17/2025 †x¥#^ | Stripe | 5/30/2023 | 237 | 247 | 12 |
| &nbsp;&nbsp;&nbsp; 5311081325, 20.132%, 7/26/2024 †x¥#^ | Stripe | 1/31/2023 | 4732 | 4921 | 237 |
| &nbsp;&nbsp;&nbsp; 5311537133, 17.333%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 4985 | 5234 | 5244 |
| &nbsp;&nbsp;&nbsp; 5311904820, 26.532%, 3/15/2025 †x¥#^ | Stripe | 9/20/2023 | 7017 | 7298 | 351 |
| &nbsp;&nbsp;&nbsp; 531218018, 26.531%, 10/30/2026 †x¥# | Stripe | 5/06/2025 | 8927 | 9283 | 3682 |
| &nbsp;&nbsp;&nbsp; 5318930608, 20.364%, 1/15/2027 †x¥ | Stripe | 7/22/2025 | 1376 | 1431 | 1451 |
| &nbsp;&nbsp;&nbsp; 5327698916, 21.971%, 3/21/2026 †x¥ | Stripe | 9/25/2024 | 217 | 226 | 232 |
| &nbsp;&nbsp;&nbsp; 5327961970, 20.389%, 11/28/2026 †x¥# | Stripe | 6/04/2025 | 2507 | 2608 | 690 |
| &nbsp;&nbsp;&nbsp; 5330661586, 23.733%, 1/16/2024 †x¥#^ | Stripe | 7/21/2022 | 289 | 301 | 14 |
| &nbsp;&nbsp;&nbsp; 5330769355, 24.909%, 10/02/2026 †x¥ | Stripe | 4/08/2025 | 1035 | 1077 | 1110 |
| &nbsp;&nbsp;&nbsp; 5332664, 4.695%, 11/24/2023 †x¶#^ | Square | 5/26/2022 | 72 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; 5333297, 2.984%, 11/24/2023 †x¶#^ | Square | 5/26/2022 | 2278 | 2181 | 169 |
| &nbsp;&nbsp;&nbsp; 5333549, 4.537%, 11/24/2023 †x¶#^ | Square | 5/26/2022 | 11622 | 10882 | 860 |
| &nbsp;&nbsp;&nbsp; 5334689, 4.290%, 11/24/2023 †x¶#^ | Square | 5/26/2022 | 3421 | 3214 | 253 |
| &nbsp;&nbsp;&nbsp; 5335874019, 26.500%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 889 | 924 | 935 |
| &nbsp;&nbsp;&nbsp; 5340272594, 25.333%, 5/23/2024 †x¥#^ | Stripe | 11/29/2022 | 4747 | 4937 | 237 |
| &nbsp;&nbsp;&nbsp; 5341472351, 18.797%, 2/28/2024 †x¥#^ | Stripe | 9/02/2022 | 12029 | 12510 | 601 |
| &nbsp;&nbsp;&nbsp; 5343042530, 26.524%, 1/20/2026 †x¥#^ | Stripe | 7/25/2024 | 7224 | 7513 | 361 |
| &nbsp;&nbsp;&nbsp; 5343347274, 16.000%, 8/29/2026 †x¥ | Stripe | 3/05/2025 | 609 | 633 | 640 |
| &nbsp;&nbsp;&nbsp; 5343670438, 22.267%, 1/20/2024 †x¥#^ | Stripe | 7/27/2022 | 2667 | 2773 | 133 |
| &nbsp;&nbsp;&nbsp; 5344090865, 25.333%, 10/21/2023 †x¥#^ | Stripe | 4/27/2022 | 10292 | 10703 | 515 |
| &nbsp;&nbsp;&nbsp; 5344578362, 23.333%, 8/02/2025 †x¥#^ | Stripe | 2/07/2024 | 2394 | 2490 | 120 |
| &nbsp;&nbsp;&nbsp; 5346349733, 20.638%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 568 | 590 | 28 |
| &nbsp;&nbsp;&nbsp; 5348300110, 19.600%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 72774 | 76413 | 76431 |
| &nbsp;&nbsp;&nbsp; 5350884229, 22.333%, 11/22/2024 †x¥#^ | Stripe | 5/31/2023 | 931 | 969 | 47 |
| &nbsp;&nbsp;&nbsp; 5357889643, 17.598%, 3/21/2024 †x¥#^ | Stripe | 9/26/2022 | 17794 | 18505 | 890 |
| &nbsp;&nbsp;&nbsp; 5360477114, 22.000%, 4/15/2026 †x¥# | Stripe | 10/18/2024 | 1628 | 1693 | 81 |
| &nbsp;&nbsp;&nbsp; 5365294280, 19.722%, 4/02/2024 †x¥#^ | Stripe | 10/06/2022 | 871 | 906 | 44 |
| &nbsp;&nbsp;&nbsp; 5366434137, 26.523%, 10/10/2026 †x¥# | Stripe | 8/28/2024 | 4533 | 4714 | 227 |
| &nbsp;&nbsp;&nbsp; 5372594053, 21.720%, 8/05/2025 †x¥#^ | Stripe | 2/08/2024 | 2848 | 2962 | 142 |
| &nbsp;&nbsp;&nbsp; 537580683, 26.533%, 3/26/2027 †x¥ | Stripe | 9/30/2025 | 202 | 210 | 214 |
| &nbsp;&nbsp;&nbsp; 5378689, 4.403%, 11/27/2023 †x¶#^ | Square | 6/01/2022 | 26450 | 24811 | 1957 |
| &nbsp;&nbsp;&nbsp; 5379171766, 15.200%, 2/22/2026 †x¥#^ | Stripe | 6/28/2024 | 25656 | 26682 | 6888 |
| &nbsp;&nbsp;&nbsp; 5380018482, 22.261%, 8/13/2027 †x¥ | Stripe | 2/18/2026 | 13202 | 13862 | 13875 |
| &nbsp;&nbsp;&nbsp; 5380978720, 19.330%, 1/24/2025 †x¥#^ | Stripe | 8/01/2023 | 12623 | 13128 | 631 |
| &nbsp;&nbsp;&nbsp; 5396829359, 19.333%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 626 | 651 | 668 |
| &nbsp;&nbsp;&nbsp; 5398277043, 19.600%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 4330 | 4547 | 4557 |
| &nbsp;&nbsp;&nbsp; 5400815966, 17.864%, 9/03/2026 †x¥# | Stripe | 3/10/2025 | 3101 | 3225 | 1218 |
| &nbsp;&nbsp;&nbsp; 5401086885, 19.467%, 3/09/2024 †x¥#^ | Stripe | 9/14/2022 | 1799 | 1871 | 90 |
| &nbsp;&nbsp;&nbsp; 5401881371, 25.569%, 3/03/2027 †x¥ | Stripe | 9/05/2025 | 615 | 639 | 652 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6159** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 540361480, 15.862%, 11/17/2023 †x¥#^ | Stripe | 5/24/2022 | $3926 | $4083 | $196 |
| &nbsp;&nbsp;&nbsp; 5408015147, 26.533%, 8/22/2026 †x¥# | Stripe | 2/26/2025 | 1132 | 1178 | 217 |
| &nbsp;&nbsp;&nbsp; 5408861615, 26.510%, 3/07/2026 †x¥ | Stripe | 9/11/2024 | 341 | 355 | 364 |
| &nbsp;&nbsp;&nbsp; 5408925476, 26.462%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 1245 | 1295 | 62 |
| &nbsp;&nbsp;&nbsp; 54093346-43f6-47b3-89f2-d2c53c7bb66b, 26.990%, 9/30/2019 †x#^ | Funding Circle | 6/25/2018 | 86730 | 86730 | 26019 |
| &nbsp;&nbsp;&nbsp; 5410847721, 25.333%, 4/02/2024 †x¥#^ | Stripe | 10/06/2022 | 2606 | 2710 | 130 |
| &nbsp;&nbsp;&nbsp; 5411110309, 25.846%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 166 | 173 | 179 |
| &nbsp;&nbsp;&nbsp; 5419227885, 14.933%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 2199 | 2287 | 2310 |
| &nbsp;&nbsp;&nbsp; 5419976404, 20.333%, 1/01/2027 †x¥ | Stripe | 7/09/2025 | 298 | 309 | 316 |
| &nbsp;&nbsp;&nbsp; 5421103234, 26.532%, 1/17/2026 †x¥#^ | Stripe | 11/10/2023 | 1177 | 1224 | 59 |
| &nbsp;&nbsp;&nbsp; 5422458598, 26.489%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 1500 | 1575 | 1575 |
| &nbsp;&nbsp;&nbsp; 5424872169, 17.733%, 9/09/2026 †x¥# | Stripe | 3/14/2025 | 82795 | 86107 | 4140 |
| &nbsp;&nbsp;&nbsp; 5425693345, 17.866%, 12/04/2025 †x¥#^ | Stripe | 9/28/2023 | 2722 | 2831 | 136 |
| &nbsp;&nbsp;&nbsp; 5426636465, 26.129%, 6/23/2026 †x¥ | Stripe | 12/27/2024 | 2830 | 2944 | 3057 |
| &nbsp;&nbsp;&nbsp; 5427909672, 25.596%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 5971 | 6269 | 6285 |
| &nbsp;&nbsp;&nbsp; 5431339656, 12.793%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 11280 | 11844 | 11845 |
| &nbsp;&nbsp;&nbsp; 5432211966, 20.133%, 5/12/2024 †x¥#^ | Stripe | 9/16/2022 | 658 | 684 | 33 |
| &nbsp;&nbsp;&nbsp; 5445053322, 26.507%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 2487 | 2612 | 2612 |
| &nbsp;&nbsp;&nbsp; 5447219125, 19.598%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 17312 | 18177 | 18182 |
| &nbsp;&nbsp;&nbsp; 5448599013, 17.733%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 23412 | 24348 | 1171 |
| &nbsp;&nbsp;&nbsp; 544889918, 20.384%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 1684 | 1752 | 1780 |
| &nbsp;&nbsp;&nbsp; 5449711307, 20.390%, 12/12/2026 †x¥ | Stripe | 6/18/2025 | 3944 | 4102 | 4166 |
| &nbsp;&nbsp;&nbsp; 5450695085, 18.256%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 6500 | 6825 | 6824 |
| &nbsp;&nbsp;&nbsp; 5453190433, 25.579%, 6/10/2025 †x¥#^ | Stripe | 12/14/2023 | 2414 | 2510 | 121 |
| &nbsp;&nbsp;&nbsp; 5453444666, 22.667%, 3/16/2023 †x¥#^ | Stripe | 9/20/2021 | 3298 | 3430 | 165 |
| &nbsp;&nbsp;&nbsp; 5453521979, 24.798%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 1913 | 1990 | 96 |
| &nbsp;&nbsp;&nbsp; 5457217741, 18.237%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 3100 | 3255 | 3255 |
| &nbsp;&nbsp;&nbsp; 5459184320, 26.527%, 4/23/2026 †x¥# | Stripe | 10/28/2024 | 9882 | 10277 | 494 |
| &nbsp;&nbsp;&nbsp; 5467262523, 25.576%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 1358 | 1426 | 1441 |
| &nbsp;&nbsp;&nbsp; 5467952496, 26.532%, 3/18/2025 †x¥#^ | Stripe | 7/25/2023 | 5943 | 6181 | 297 |
| &nbsp;&nbsp;&nbsp; 5468643616, 24.000%, 11/07/2023 †x¥#^ | Stripe | 5/12/2022 | 1020 | 1060 | 51 |
| &nbsp;&nbsp;&nbsp; 5469465297, 21.992%, 6/11/2027 †x¥# | Stripe | 3/20/2025 | 4702 | 4890 | 875 |
| &nbsp;&nbsp;&nbsp; 5469920231, 20.927%, 5/17/2024 †x¥#^ | Stripe | 11/22/2022 | 3306 | 3438 | 165 |
| &nbsp;&nbsp;&nbsp; 5477704774, 21.062%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 777 | 808 | 39 |
| &nbsp;&nbsp;&nbsp; 5481706476, 26.132%, 7/24/2026 †x¥# | Stripe | 1/28/2025 | 9477 | 9856 | 1786 |
| &nbsp;&nbsp;&nbsp; 5488782, 4.128%, 12/06/2023 †x¶#^ | Square | 6/08/2022 | 82547 | 77733 | 6108 |
| &nbsp;&nbsp;&nbsp; 5488967478, 24.932%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 44957 | 47205 | 47209 |
| &nbsp;&nbsp;&nbsp; 5493340754, 24.000%, 4/30/2023 †x¥#^ | Stripe | 9/03/2021 | 2290 | 2381 | 114 |
| &nbsp;&nbsp;&nbsp; 5496481520, 19.052%, 6/29/2025 †x¥#^ | Stripe | 3/09/2023 | 1965 | 2043 | 98 |
| &nbsp;&nbsp;&nbsp; 549681121, 26.524%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 2583 | 2712 | 2716 |
| &nbsp;&nbsp;&nbsp; 549838103, 17.865%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 8880 | 9235 | 9383 |
| &nbsp;&nbsp;&nbsp; 549855046, 23.333%, 9/12/2023 †x¥#^ | Stripe | 3/17/2022 | 4221 | 4390 | 211 |
| &nbsp;&nbsp;&nbsp; 5507101940, 18.000%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 4666 | 4899 | 4906 |
| &nbsp;&nbsp;&nbsp; 5507952020, 19.066%, 7/31/2026 †x¥# | Stripe | 4/22/2024 | 45465 | 47284 | 2273 |
| &nbsp;&nbsp;&nbsp; 5510381106, 20.800%, 12/05/2026 †x¥ | Stripe | 6/11/2025 | 1476 | 1535 | 1573 |
| &nbsp;&nbsp;&nbsp; 5513084165, 23.326%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 4119 | 4284 | 206 |
| &nbsp;&nbsp;&nbsp; 5513852903, 16.000%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 8940 | 9298 | 9402 |
| &nbsp;&nbsp;&nbsp; 5521054029, 20.000%, 7/25/2024 †x¥#^ | Stripe | 1/30/2023 | 27419 | 28516 | 1371 |
| &nbsp;&nbsp;&nbsp; 552368485, 22.400%, 4/17/2025 †x¥#^ | Stripe | 10/23/2023 | 108020 | 112340 | 5401 |
| &nbsp;&nbsp;&nbsp; 552461976, 20.933%, 3/05/2026 †x¥# | Stripe | 9/09/2024 | 221 | 229 | 11 |
| &nbsp;&nbsp;&nbsp; 5529184870, 19.063%, 4/03/2024 †x¥#^ | Stripe | 10/07/2022 | 9316 | 9689 | 466 |
| &nbsp;&nbsp;&nbsp; 5538153437, 25.333%, 5/08/2024 †x¥#^ | Stripe | 11/14/2022 | 9956 | 10354 | 498 |
| &nbsp;&nbsp;&nbsp; 5539147, 3.774%, 12/10/2023 †x¶#^ | Square | 6/14/2022 | 135508 | 128248 | 10028 |
| &nbsp;&nbsp;&nbsp; 5539693805, 20.792%, 10/20/2026 †x¥ | Stripe | 4/24/2025 | 1338 | 1391 | 1421 |
| &nbsp;&nbsp;&nbsp; 5540412, 2.975%, 12/11/2023 †x¶#^ | Square | 6/15/2022 | 20124 | 19264 | 1489 |
| &nbsp;&nbsp;&nbsp; 5544859, 4.695%, 12/13/2023 †x¶#^ | Square | 6/15/2022 | 27040 | 25425 | 2001 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6160** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5545718, 4.956%, 12/13/2023 †x¶#^ | Square | 6/15/2022 | $514 | $478 | $38 |
| &nbsp;&nbsp;&nbsp; 5557482, 3.443%, 12/15/2023 †x¶#^ | Square | 6/17/2022 | 14505 | 13793 | 1073 |
| &nbsp;&nbsp;&nbsp; 5558179, 4.226%, 12/15/2023 †x¶#^ | Square | 6/17/2022 | 3191 | 3001 | 236 |
| &nbsp;&nbsp;&nbsp; 5558314, 4.533%, 12/15/2023 †x¶#^ | Square | 6/17/2022 | 2077 | 1946 | 154 |
| &nbsp;&nbsp;&nbsp; 5558412, 4.695%, 12/15/2023 †x¶#^ | Square | 6/17/2022 | 8433 | 7878 | 624 |
| &nbsp;&nbsp;&nbsp; 5558829, 3.591%, 12/15/2023 †x¶#^ | Square | 6/17/2022 | 1698 | 1611 | 126 |
| &nbsp;&nbsp;&nbsp; 555905eb-a4eb-4e81-adf9-01963b7f70f0, 18.950%, 7/02/2019 †x#^ | Funding Circle | 11/01/2018 | 49357 | 49357 | 14807 |
| &nbsp;&nbsp;&nbsp; 5562703517, 25.591%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 11900 | 12495 | 12495 |
| &nbsp;&nbsp;&nbsp; 5562931107, 26.531%, 8/28/2025 †x¥#^ | Stripe | 3/04/2024 | 17272 | 17963 | 864 |
| &nbsp;&nbsp;&nbsp; 5563520487, 22.000%, 7/22/2026 †x¥# | Stripe | 1/24/2025 | 5176 | 5383 | 259 |
| &nbsp;&nbsp;&nbsp; 5566715220, 26.500%, 10/10/2024 †x¥#^ | Stripe | 4/17/2023 | 2128 | 2213 | 106 |
| &nbsp;&nbsp;&nbsp; 5569377186, 18.260%, 3/23/2024 †x¥#^ | Stripe | 9/28/2022 | 10900 | 11336 | 545 |
| &nbsp;&nbsp;&nbsp; 557209217, 23.590%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 127 | 133 | 24 |
| &nbsp;&nbsp;&nbsp; 5573870086, 25.867%, 10/09/2026 †x¥ | Stripe | 4/15/2025 | 1051 | 1094 | 599 |
| &nbsp;&nbsp;&nbsp; 5575117, 4.403%, 12/21/2023 †x¶#^ | Square | 6/23/2022 | 36629 | 34360 | 2711 |
| &nbsp;&nbsp;&nbsp; 5580201447, 19.330%, 10/12/2024 †x¥#^ | Stripe | 8/24/2022 | 3051 | 3173 | 153 |
| &nbsp;&nbsp;&nbsp; 558062194, 26.529%, 3/05/2025 †x¥#^ | Stripe | 9/08/2023 | 5032 | 5233 | 252 |
| &nbsp;&nbsp;&nbsp; 558190247, 26.529%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 14412 | 14988 | 8431 |
| &nbsp;&nbsp;&nbsp; 5583949447, 26.510%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 1808 | 1880 | 90 |
| &nbsp;&nbsp;&nbsp; 5584384193, 26.133%, 9/03/2026 †x¥# | Stripe | 12/03/2024 | 48535 | 50476 | 2427 |
| &nbsp;&nbsp;&nbsp; 5584906194, 19.590%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 3690 | 3874 | 3877 |
| &nbsp;&nbsp;&nbsp; 5585588645, 22.246%, 4/30/2024 †x¥#^ | Stripe | 3/28/2022 | 1206 | 1254 | 60 |
| &nbsp;&nbsp;&nbsp; 5591685014, 26.510%, 1/13/2027 †x¥# | Stripe | 7/18/2025 | 1971 | 2050 | 381 |
| &nbsp;&nbsp;&nbsp; 5592441398, 12.800%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 21775 | 22864 | 22864 |
| &nbsp;&nbsp;&nbsp; 5593683191, 21.597%, 7/22/2026 †x¥# | Stripe | 7/11/2024 | 2789 | 2900 | 139 |
| &nbsp;&nbsp;&nbsp; 5596751, 4.567%, 12/29/2023 †x¶#^ | Square | 7/01/2022 | 924 | 864 | 68 |
| &nbsp;&nbsp;&nbsp; 5597129503, 16.266%, 12/09/2026 †x¥ | Stripe | 6/13/2025 | 10712 | 11141 | 11295 |
| &nbsp;&nbsp;&nbsp; 5597486, 4.559%, 12/29/2023 †x¶#^ | Square | 7/01/2022 | 16517 | 15460 | 1222 |
| &nbsp;&nbsp;&nbsp; 5597692, 5.031%, 12/29/2023 †x¶#^ | Square | 7/01/2022 | 2432 | 2261 | 180 |
| &nbsp;&nbsp;&nbsp; 5597712, 3.301%, 12/29/2023 †x¶#^ | Square | 7/01/2022 | 2379 | 2267 | 176 |
| &nbsp;&nbsp;&nbsp; 5598823, 4.561%, 12/29/2023 †x¶#^ | Square | 7/01/2022 | 31446 | 29433 | 2327 |
| &nbsp;&nbsp;&nbsp; 5600369107, 24.769%, 3/16/2024 †x¥#^ | Stripe | 9/21/2022 | 2532 | 2633 | 127 |
| &nbsp;&nbsp;&nbsp; 5602165219, 24.000%, 9/16/2023 †x¥#^ | Stripe | 3/23/2022 | 1173 | 1220 | 59 |
| &nbsp;&nbsp;&nbsp; 5603059820, 17.061%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 2227 | 2316 | 111 |
| &nbsp;&nbsp;&nbsp; 5605189965, 22.118%, 10/11/2023 †x¥#^ | Stripe | 4/15/2022 | 1951 | 2029 | 98 |
| &nbsp;&nbsp;&nbsp; 5607274769, 26.495%, 2/11/2026 †x¥#^ | Stripe | 8/16/2024 | 547 | 569 | 27 |
| &nbsp;&nbsp;&nbsp; 5608664504, 26.525%, 1/21/2026 †x¥#^ | Stripe | 7/26/2024 | 5134 | 5340 | 257 |
| &nbsp;&nbsp;&nbsp; 5610405, 4.558%, 12/30/2023 †x¶#^ | Square | 7/05/2022 | 9659 | 9041 | 715 |
| &nbsp;&nbsp;&nbsp; 561168529, 21.587%, 9/06/2025 †x¥#^ | Stripe | 7/11/2023 | 1400 | 1456 | 70 |
| &nbsp;&nbsp;&nbsp; 5612333, 3.302%, 12/30/2023 †x¶#^ | Square | 7/05/2022 | 11856 | 11297 | 877 |
| &nbsp;&nbsp;&nbsp; 5612748, 5.164%, 12/30/2023 †x¶#^ | Square | 7/05/2022 | 479 | 445 | 35 |
| &nbsp;&nbsp;&nbsp; 5613276, 4.403%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 24101 | 22608 | 1783 |
| &nbsp;&nbsp;&nbsp; 5613789, 4.560%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 19864 | 18592 | 1470 |
| &nbsp;&nbsp;&nbsp; 5614510392, 17.593%, 6/26/2026 †x¥ | Stripe | 12/31/2024 | 2367 | 2462 | 2501 |
| &nbsp;&nbsp;&nbsp; 5614692, 4.347%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 9033 | 8480 | 668 |
| &nbsp;&nbsp;&nbsp; 5614783, 4.561%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 3964 | 3710 | 293 |
| &nbsp;&nbsp;&nbsp; 5615195, 4.568%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 2032 | 1902 | 150 |
| &nbsp;&nbsp;&nbsp; 5615757, 3.532%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 21615 | 20528 | 1600 |
| &nbsp;&nbsp;&nbsp; 5616528, 3.898%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 2088 | 1973 | 155 |
| &nbsp;&nbsp;&nbsp; 5616587, 4.562%, 1/01/2024 †x¶#^ | Square | 7/06/2022 | 2250 | 2106 | 166 |
| &nbsp;&nbsp;&nbsp; 5617068412, 26.510%, 2/19/2026 †x¥#^ | Stripe | 8/26/2024 | 189 | 197 | 37 |
| &nbsp;&nbsp;&nbsp; 5617867, 4.108%, 1/02/2024 †x¶#^ | Square | 7/07/2022 | 1943 | 1830 | 144 |
| &nbsp;&nbsp;&nbsp; 5618019, 3.919%, 1/02/2024 †x¶#^ | Square | 7/07/2022 | 671 | 634 | 50 |
| &nbsp;&nbsp;&nbsp; 5618103, 4.575%, 1/02/2024 †x¶#^ | Square | 7/07/2022 | 2296 | 2148 | 170 |
| &nbsp;&nbsp;&nbsp; 5618423, 4.874%, 1/02/2024 †x¶#^ | Square | 7/07/2022 | 2373 | 2212 | 176 |
| &nbsp;&nbsp;&nbsp; 5618476, 4.717%, 1/02/2024 †x¶#^ | Square | 7/07/2022 | 3139 | 2932 | 232 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6161** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5618635, 3.330%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | $448 | $427 | $33 |
| &nbsp;&nbsp;&nbsp; 5618841439, 26.533%, 2/17/2026 †x¥#^ | Stripe | 8/22/2024 | 734 | 764 | 37 |
| &nbsp;&nbsp;&nbsp; 5618875, 4.034%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 5691 | 5386 | 421 |
| &nbsp;&nbsp;&nbsp; 5618900, 3.996%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 900 | 849 | 67 |
| &nbsp;&nbsp;&nbsp; 5618963, 4.405%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 7225 | 6777 | 535 |
| &nbsp;&nbsp;&nbsp; 5619068, 4.564%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 744 | 696 | 55 |
| &nbsp;&nbsp;&nbsp; 5619211, 4.860%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 208 | 194 | 15 |
| &nbsp;&nbsp;&nbsp; 5619215, 5.031%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 171 | 159 | 13 |
| &nbsp;&nbsp;&nbsp; 5619244, 4.403%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 3411 | 3200 | 252 |
| &nbsp;&nbsp;&nbsp; 5619247, 3.302%, 1/03/2024 †x¶#^ | Square | 7/07/2022 | 5986 | 5703 | 443 |
| &nbsp;&nbsp;&nbsp; 5619429262, 23.714%, 11/14/2024 †x¥#^ | Stripe | 5/22/2023 | 806 | 838 | 40 |
| &nbsp;&nbsp;&nbsp; 5619465, 3.976%, 1/04/2024 †x¶#^ | Square | 7/07/2022 | 1203 | 1135 | 89 |
| &nbsp;&nbsp;&nbsp; 5619621, 4.892%, 1/04/2024 †x¶#^ | Square | 7/07/2022 | 4197 | 3910 | 311 |
| &nbsp;&nbsp;&nbsp; 5619878, 3.776%, 1/04/2024 †x¶#^ | Square | 7/07/2022 | 4669 | 4419 | 345 |
| &nbsp;&nbsp;&nbsp; 5620003, 4.403%, 1/04/2024 †x¶#^ | Square | 7/07/2022 | 37271 | 34962 | 2758 |
| &nbsp;&nbsp;&nbsp; 5620064, 4.560%, 1/04/2024 †x¶#^ | Square | 7/07/2022 | 6579 | 6158 | 487 |
| &nbsp;&nbsp;&nbsp; 5620089012, 24.000%, 6/14/2023 †x¥#^ | Stripe | 12/17/2021 | 434 | 451 | 22 |
| &nbsp;&nbsp;&nbsp; 5622467, 4.428%, 1/05/2024 †x¶#^ | Square | 7/07/2022 | 233 | 219 | 17 |
| &nbsp;&nbsp;&nbsp; 5622613, 3.293%, 1/05/2024 †x¶#^ | Square | 7/07/2022 | 1882 | 1794 | 139 |
| &nbsp;&nbsp;&nbsp; 5623186, 3.739%, 1/05/2024 †x¶#^ | Square | 7/07/2022 | 8054 | 7627 | 596 |
| &nbsp;&nbsp;&nbsp; 5623380, 4.577%, 1/05/2024 †x¶#^ | Square | 7/07/2022 | 1484 | 1389 | 110 |
| &nbsp;&nbsp;&nbsp; 5623863773, 26.533%, 5/09/2025 †x¥#^ | Stripe | 11/14/2023 | 1862 | 1936 | 93 |
| &nbsp;&nbsp;&nbsp; 5624249, 4.574%, 1/05/2024 †x¶#^ | Square | 7/07/2022 | 459 | 430 | 34 |
| &nbsp;&nbsp;&nbsp; 5624383, 4.404%, 1/05/2024 †x¶#^ | Square | 7/07/2022 | 3937 | 3693 | 291 |
| &nbsp;&nbsp;&nbsp; 5625289, 5.031%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 1404 | 1306 | 104 |
| &nbsp;&nbsp;&nbsp; 5626117413, 20.922%, 10/18/2024 †x¥#^ | Stripe | 4/25/2023 | 2731 | 2840 | 137 |
| &nbsp;&nbsp;&nbsp; 5626617386, 17.600%, 9/19/2024 †x¥#^ | Stripe | 3/27/2023 | 54066 | 56228 | 2703 |
| &nbsp;&nbsp;&nbsp; 5627202, 4.875%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 11005 | 10255 | 814 |
| &nbsp;&nbsp;&nbsp; 5628231, 3.774%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 11787 | 11155 | 872 |
| &nbsp;&nbsp;&nbsp; 5628823, 4.717%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 857 | 801 | 63 |
| &nbsp;&nbsp;&nbsp; 5628876, 3.903%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 558 | 527 | 41 |
| &nbsp;&nbsp;&nbsp; 5629590, 4.560%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 9437 | 8833 | 698 |
| &nbsp;&nbsp;&nbsp; 5629672, 3.939%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 1513 | 1429 | 112 |
| &nbsp;&nbsp;&nbsp; 5629706, 5.665%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 5516 | 5084 | 408 |
| &nbsp;&nbsp;&nbsp; 5630024, 4.558%, 1/06/2024 †x¶#^ | Square | 7/08/2022 | 5427 | 5079 | 402 |
| &nbsp;&nbsp;&nbsp; 5631597973, 22.922%, 3/28/2024 †x¥#^ | Stripe | 10/03/2022 | 1866 | 1940 | 93 |
| &nbsp;&nbsp;&nbsp; 5634293100, 26.505%, 12/14/2024 †x¥#^ | Stripe | 6/22/2023 | 715 | 744 | 36 |
| &nbsp;&nbsp;&nbsp; 563499466, 26.527%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 5285 | 5549 | 5593 |
| &nbsp;&nbsp;&nbsp; 5639967236, 20.381%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 1415 | 1472 | 1499 |
| &nbsp;&nbsp;&nbsp; 5640505565, 17.600%, 8/22/2026 †x¥ | Stripe | 2/26/2025 | 60852 | 63286 | 64196 |
| &nbsp;&nbsp;&nbsp; 5640767, 5.022%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 3031 | 2818 | 224 |
| &nbsp;&nbsp;&nbsp; 5641023, 6.081%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 2328 | 2133 | 172 |
| &nbsp;&nbsp;&nbsp; 5642165059, 24.000%, 6/14/2023 †x¥#^ | Stripe | 12/17/2021 | 1400 | 1456 | 70 |
| &nbsp;&nbsp;&nbsp; 5642627786, 19.333%, 11/04/2026 †x¥ | Stripe | 5/09/2025 | 15523 | 16143 | 16388 |
| &nbsp;&nbsp;&nbsp; 5644150, 5.031%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 1905 | 1772 | 141 |
| &nbsp;&nbsp;&nbsp; 5645451, 4.561%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 4517 | 4228 | 334 |
| &nbsp;&nbsp;&nbsp; 5645602, 4.390%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 6919 | 6491 | 512 |
| &nbsp;&nbsp;&nbsp; 5645850, 2.657%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 11294 | 10861 | 836 |
| &nbsp;&nbsp;&nbsp; 5647553, 4.403%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 3328 | 3122 | 246 |
| &nbsp;&nbsp;&nbsp; 5647891, 4.717%, 1/07/2024 †x¶#^ | Square | 7/11/2022 | 27822 | 25983 | 2059 |
| &nbsp;&nbsp;&nbsp; 5648024, 3.918%, 1/08/2024 †x¶#^ | Square | 7/12/2022 | 1430 | 1351 | 106 |
| &nbsp;&nbsp;&nbsp; 564878154, 26.533%, 9/07/2026 †x¥# | Stripe | 7/03/2024 | 18094 | 18818 | 905 |
| &nbsp;&nbsp;&nbsp; 5648852587, 17.846%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 682 | 709 | 717 |
| &nbsp;&nbsp;&nbsp; 5648916, 5.031%, 1/08/2024 †x¶#^ | Square | 7/12/2022 | 1671 | 1553 | 124 |
| &nbsp;&nbsp;&nbsp; 5648969954, 20.800%, 12/27/2024 †x¥#^ | Stripe | 7/05/2023 | 33568 | 34911 | 1678 |
| &nbsp;&nbsp;&nbsp; 5649326, 3.774%, 1/08/2024 †x¶#^ | Square | 7/12/2022 | 167 | 158 | 12 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6162** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5650392756, 21.998%, 6/06/2026 †x¥# | Stripe | 12/11/2024 | $12965 | $13484 | $2430 |
| &nbsp;&nbsp;&nbsp; 5651428, 4.720%, 1/08/2024 †x¶#^ | Square | 7/12/2022 | 7214 | 6737 | 534 |
| &nbsp;&nbsp;&nbsp; 5651980268, 22.933%, 5/16/2023 †x¥#^ | Stripe | 11/18/2021 | 421 | 437 | 21 |
| &nbsp;&nbsp;&nbsp; 5653384, 5.853%, 1/08/2024 †x¶#^ | Square | 7/12/2022 | 3203 | 2944 | 237 |
| &nbsp;&nbsp;&nbsp; 5653918478, 16.267%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 3642 | 3788 | 3838 |
| &nbsp;&nbsp;&nbsp; 5654688740, 21.053%, 4/23/2024 †x¥#^ | Stripe | 10/27/2022 | 3318 | 3450 | 166 |
| &nbsp;&nbsp;&nbsp; 5654722674, 15.867%, 9/15/2025 †x¥#^ | Stripe | 7/06/2023 | 409 | 425 | 20 |
| &nbsp;&nbsp;&nbsp; 5655286, 4.122%, 1/08/2024 †x¶#^ | Square | 7/12/2022 | 1963 | 1848 | 145 |
| &nbsp;&nbsp;&nbsp; 5655650, 4.561%, 1/09/2024 †x¶#^ | Square | 7/13/2022 | 9815 | 9187 | 726 |
| &nbsp;&nbsp;&nbsp; 5655809, 5.526%, 1/09/2024 †x¶#^ | Square | 7/13/2022 | 9442 | 8719 | 699 |
| &nbsp;&nbsp;&nbsp; 5655849, 4.718%, 1/09/2024 †x¶#^ | Square | 7/13/2022 | 3113 | 2907 | 230 |
| &nbsp;&nbsp;&nbsp; 5655885, 4.543%, 1/09/2024 †x¶#^ | Square | 7/13/2022 | 830 | 777 | 61 |
| &nbsp;&nbsp;&nbsp; 5656034, 3.774%, 1/09/2024 †x¶#^ | Square | 7/13/2022 | 27117 | 25664 | 2007 |
| &nbsp;&nbsp;&nbsp; 5656680, 4.553%, 1/10/2024 †x¶#^ | Square | 7/13/2022 | 1788 | 1674 | 132 |
| &nbsp;&nbsp;&nbsp; 5656806, 3.913%, 1/10/2024 †x¶#^ | Square | 7/13/2022 | 1453 | 1373 | 108 |
| &nbsp;&nbsp;&nbsp; 5656823, 3.213%, 1/10/2024 †x¶#^ | Square | 7/13/2022 | 3462 | 3303 | 256 |
| &nbsp;&nbsp;&nbsp; 5656875, 3.774%, 1/10/2024 †x¶#^ | Square | 7/13/2022 | 7406 | 7009 | 548 |
| &nbsp;&nbsp;&nbsp; 5656942, 3.449%, 1/10/2024 †x¶#^ | Square | 7/13/2022 | 2861 | 2720 | 212 |
| &nbsp;&nbsp;&nbsp; 5657647658, 20.127%, 5/24/2025 †x¥#^ | Stripe | 4/05/2023 | 6461 | 6719 | 323 |
| &nbsp;&nbsp;&nbsp; 5657739, 4.870%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 1677 | 1563 | 124 |
| &nbsp;&nbsp;&nbsp; 5660215, 3.920%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 1566 | 1480 | 116 |
| &nbsp;&nbsp;&nbsp; 5660325, 4.881%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 485 | 452 | 36 |
| &nbsp;&nbsp;&nbsp; 5661324, 4.864%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 158 | 147 | 12 |
| &nbsp;&nbsp;&nbsp; 5661412, 4.566%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 2274 | 2128 | 168 |
| &nbsp;&nbsp;&nbsp; 5662600, 2.119%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 5073 | 4916 | 375 |
| &nbsp;&nbsp;&nbsp; 5663029, 4.581%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 1151 | 1077 | 85 |
| &nbsp;&nbsp;&nbsp; 5663208, 4.741%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 1722 | 1607 | 127 |
| &nbsp;&nbsp;&nbsp; 5663335, 3.969%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 2113 | 1995 | 156 |
| &nbsp;&nbsp;&nbsp; 5663424, 3.934%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 3037 | 2880 | 225 |
| &nbsp;&nbsp;&nbsp; 5664681, 3.372%, 1/11/2024 †x¶#^ | Square | 7/13/2022 | 14554 | 13853 | 1077 |
| &nbsp;&nbsp;&nbsp; 5665937, 4.566%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 3461 | 3239 | 256 |
| &nbsp;&nbsp;&nbsp; 5666076092, 20.308%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 869 | 913 | 917 |
| &nbsp;&nbsp;&nbsp; 5666456, 3.298%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 2640 | 2516 | 195 |
| &nbsp;&nbsp;&nbsp; 5667638, 3.302%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 12729 | 12128 | 942 |
| &nbsp;&nbsp;&nbsp; 5668109874, 14.000%, 3/10/2027 †x¥ | Stripe | 7/16/2025 | 32249 | 33539 | 33932 |
| &nbsp;&nbsp;&nbsp; 5668488412, 16.133%, 8/05/2026 †x¥# | Stripe | 2/07/2025 | 17778 | 18489 | 889 |
| &nbsp;&nbsp;&nbsp; 5669939, 3.774%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 14756 | 13966 | 1092 |
| &nbsp;&nbsp;&nbsp; 5670309, 3.781%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 1164 | 1102 | 86 |
| &nbsp;&nbsp;&nbsp; 567110023, 26.122%, 7/22/2026 †x¥# | Stripe | 1/24/2025 | 6291 | 6542 | 315 |
| &nbsp;&nbsp;&nbsp; 5671500, 4.566%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 703 | 658 | 52 |
| &nbsp;&nbsp;&nbsp; 5672240, 3.774%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 339 | 321 | 25 |
| &nbsp;&nbsp;&nbsp; 5672413, 4.880%, 1/12/2024 †x¶#^ | Square | 7/14/2022 | 2755 | 2576 | 204 |
| &nbsp;&nbsp;&nbsp; 5673406, 4.561%, 1/13/2024 †x¶#^ | Square | 7/15/2022 | 6960 | 6514 | 515 |
| &nbsp;&nbsp;&nbsp; 5676099, 4.574%, 1/13/2024 †x¶#^ | Square | 7/15/2022 | 2065 | 1933 | 153 |
| &nbsp;&nbsp;&nbsp; 5676346, 4.403%, 1/13/2024 †x¶#^ | Square | 7/15/2022 | 116671 | 109444 | 8634 |
| &nbsp;&nbsp;&nbsp; 5676447, 3.297%, 1/13/2024 †x¶#^ | Square | 7/15/2022 | 798 | 761 | 59 |
| &nbsp;&nbsp;&nbsp; 5677798, 5.036%, 1/13/2024 †x¶#^ | Square | 7/15/2022 | 845 | 785 | 63 |
| &nbsp;&nbsp;&nbsp; 5677898, 5.099%, 1/13/2024 †x¶#^ | Square | 7/15/2022 | 3187 | 2961 | 236 |
| &nbsp;&nbsp;&nbsp; 5678069, 4.873%, 1/13/2024 †x¶#^ | Square | 7/15/2022 | 3997 | 3725 | 296 |
| &nbsp;&nbsp;&nbsp; 5678142123, 20.795%, 9/10/2024 †x¥#^ | Stripe | 3/16/2023 | 10159 | 10565 | 508 |
| &nbsp;&nbsp;&nbsp; 5681030027, 26.513%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 2535 | 2662 | 2663 |
| &nbsp;&nbsp;&nbsp; 5684074900, 22.000%, 10/07/2026 †x¥ | Stripe | 4/11/2025 | 1353 | 1407 | 1442 |
| &nbsp;&nbsp;&nbsp; 5688293407, 18.932%, 4/09/2025 †x¥#^ | Stripe | 10/13/2023 | 26966 | 28045 | 1348 |
| &nbsp;&nbsp;&nbsp; 5690281, 4.871%, 1/14/2024 †x¶#^ | Square | 7/18/2022 | 5688 | 5301 | 421 |
| &nbsp;&nbsp;&nbsp; 5691206, 4.560%, 1/14/2024 †x¶#^ | Square | 7/18/2022 | 6895 | 6454 | 510 |
| &nbsp;&nbsp;&nbsp; 5693277777, 22.250%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 1484 | 1558 | 1560 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6163** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5693872, 3.982%, 1/14/2024 †x¶#^ | Square | 7/18/2022 | $14217 | $13416 | $1052 |
| &nbsp;&nbsp;&nbsp; 5694258923, 18.667%, 2/10/2026 †x¥#^ | Stripe | 8/15/2024 | 3038 | 3160 | 152 |
| &nbsp;&nbsp;&nbsp; 5696123, 5.031%, 1/14/2024 †x¶#^ | Square | 7/18/2022 | 1041 | 989 | 79 |
| &nbsp;&nbsp;&nbsp; 5696316741, 19.066%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 34007 | 35367 | 1700 |
| &nbsp;&nbsp;&nbsp; 5698084, 4.403%, 1/15/2024 †x¶#^ | Square | 7/19/2022 | 16351 | 15338 | 1210 |
| &nbsp;&nbsp;&nbsp; 5699308, 4.719%, 1/15/2024 †x¶#^ | Square | 7/19/2022 | 3323 | 3104 | 246 |
| &nbsp;&nbsp;&nbsp; 5701152194, 20.667%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 835 | 868 | 886 |
| &nbsp;&nbsp;&nbsp; 5701943, 4.790%, 1/15/2024 †x¶#^ | Square | 7/19/2022 | 5381 | 5078 | 398 |
| &nbsp;&nbsp;&nbsp; 5702780, 4.403%, 1/16/2024 †x¶#^ | Square | 7/20/2022 | 3583 | 3361 | 265 |
| &nbsp;&nbsp;&nbsp; 5703090965, 20.800%, 2/06/2025 †x¥#^ | Stripe | 8/14/2023 | 922 | 958 | 46 |
| &nbsp;&nbsp;&nbsp; 5703099, 4.562%, 1/17/2024 †x¶#^ | Square | 7/20/2022 | 5175 | 4844 | 383 |
| &nbsp;&nbsp;&nbsp; 5703320, 4.980%, 1/17/2024 †x¶#^ | Square | 7/20/2022 | 1156 | 1076 | 86 |
| &nbsp;&nbsp;&nbsp; 5703408, 6.246%, 1/17/2024 †x¶#^ | Square | 7/20/2022 | 3225 | 2949 | 239 |
| &nbsp;&nbsp;&nbsp; 5705086115, 26.500%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 1326 | 1392 | 1397 |
| &nbsp;&nbsp;&nbsp; 5706408, 4.562%, 1/18/2024 †x¶#^ | Square | 7/20/2022 | 1576 | 1490 | 117 |
| &nbsp;&nbsp;&nbsp; 5707077, 4.722%, 1/18/2024 †x¶#^ | Square | 7/20/2022 | 3286 | 3069 | 243 |
| &nbsp;&nbsp;&nbsp; 5708097804, 16.000%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 30184 | 31693 | 31710 |
| &nbsp;&nbsp;&nbsp; 5709232, 3.321%, 1/18/2024 †x¶#^ | Square | 7/20/2022 | 609 | 580 | 45 |
| &nbsp;&nbsp;&nbsp; 5710981996, 26.519%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 5300 | 5565 | 5572 |
| &nbsp;&nbsp;&nbsp; 5712178, 3.305%, 1/19/2024 †x¶#^ | Square | 7/21/2022 | 2742 | 2620 | 203 |
| &nbsp;&nbsp;&nbsp; 5713486, 4.561%, 1/19/2024 †x¶#^ | Square | 7/21/2022 | 8166 | 7643 | 604 |
| &nbsp;&nbsp;&nbsp; 5713594, 4.626%, 1/19/2024 †x¶#^ | Square | 7/21/2022 | 1288 | 1205 | 95 |
| &nbsp;&nbsp;&nbsp; 5714449, 5.645%, 1/19/2024 †x¶#^ | Square | 7/21/2022 | 69342 | 63928 | 5131 |
| &nbsp;&nbsp;&nbsp; 5714715990, 18.667%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 10469 | 10888 | 11095 |
| &nbsp;&nbsp;&nbsp; 5714788, 3.766%, 1/19/2024 †x¶#^ | Square | 7/21/2022 | 846 | 801 | 63 |
| &nbsp;&nbsp;&nbsp; 5715660, 3.302%, 1/19/2024 †x¶#^ | Square | 7/21/2022 | 1402 | 1336 | 104 |
| &nbsp;&nbsp;&nbsp; 5717082, 4.987%, 1/20/2024 †x¶#^ | Square | 7/22/2022 | 7579 | 7051 | 561 |
| &nbsp;&nbsp;&nbsp; 5717756161, 20.800%, 10/20/2026 †x¥# | Stripe | 4/24/2025 | 10111 | 10515 | 2792 |
| &nbsp;&nbsp;&nbsp; 5718525, 3.454%, 1/20/2024 †x¶#^ | Square | 7/22/2022 | 14639 | 13920 | 1083 |
| &nbsp;&nbsp;&nbsp; 5720437, 4.545%, 1/20/2024 †x¶#^ | Square | 7/22/2022 | 151 | 141 | 11 |
| &nbsp;&nbsp;&nbsp; 57205318, 26.476%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 1360 | 1428 | 1429 |
| &nbsp;&nbsp;&nbsp; 5720746, 2.804%, 1/20/2024 †x¶#^ | Square | 7/22/2022 | 929 | 892 | 69 |
| &nbsp;&nbsp;&nbsp; 5720761, 3.302%, 1/20/2024 †x¶#^ | Square | 7/22/2022 | 764 | 728 | 57 |
| &nbsp;&nbsp;&nbsp; 5724675571, 17.861%, 9/07/2023 †x¥#^ | Stripe | 3/14/2022 | 687 | 715 | 34 |
| &nbsp;&nbsp;&nbsp; 5729069353, 18.000%, 8/14/2024 †x¥#^ | Stripe | 2/17/2023 | 2539 | 2641 | 127 |
| &nbsp;&nbsp;&nbsp; 5729567, 5.018%, 1/21/2024 †x¶#^ | Square | 7/25/2022 | 1519 | 1412 | 112 |
| &nbsp;&nbsp;&nbsp; 5730059968, 25.600%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 1000 | 1050 | 1050 |
| &nbsp;&nbsp;&nbsp; 5730128, 3.306%, 1/21/2024 †x¶#^ | Square | 7/25/2022 | 2917 | 2779 | 216 |
| &nbsp;&nbsp;&nbsp; 5730795, 4.561%, 1/21/2024 †x¶#^ | Square | 7/25/2022 | 20470 | 19159 | 1515 |
| &nbsp;&nbsp;&nbsp; 5731184, 3.707%, 1/22/2024 †x¶#^ | Square | 7/26/2022 | 461 | 436 | 34 |
| &nbsp;&nbsp;&nbsp; 5733635972, 22.267%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 1000 | 1050 | 1050 |
| &nbsp;&nbsp;&nbsp; 5734332, 4.560%, 1/22/2024 †x¶#^ | Square | 7/26/2022 | 14112 | 13413 | 1044 |
| &nbsp;&nbsp;&nbsp; 5734629, 5.031%, 1/23/2024 †x¶#^ | Square | 7/27/2022 | 386 | 359 | 29 |
| &nbsp;&nbsp;&nbsp; 5734697, 5.427%, 1/23/2024 †x¶#^ | Square | 7/27/2022 | 11871 | 10978 | 878 |
| &nbsp;&nbsp;&nbsp; 5735312, 4.561%, 1/24/2024 †x¶#^ | Square | 7/27/2022 | 9942 | 9305 | 736 |
| &nbsp;&nbsp;&nbsp; 5735791, 4.201%, 1/24/2024 †x¶#^ | Square | 7/27/2022 | 2504 | 2356 | 185 |
| &nbsp;&nbsp;&nbsp; 5738163, 3.302%, 1/25/2024 †x¶#^ | Square | 7/27/2022 | 1177 | 1121 | 87 |
| &nbsp;&nbsp;&nbsp; 5738270601, 24.923%, 8/05/2027 †x¥ | Stripe | 2/09/2026 | 10183 | 10692 | 10697 |
| &nbsp;&nbsp;&nbsp; 5739703, 4.703%, 1/25/2024 †x¶#^ | Square | 7/27/2022 | 540 | 504 | 40 |
| &nbsp;&nbsp;&nbsp; 5739738, 3.941%, 1/25/2024 †x¶#^ | Square | 7/27/2022 | 456 | 430 | 34 |
| &nbsp;&nbsp;&nbsp; 5740272, 4.938%, 1/26/2024 †x¶#^ | Square | 7/28/2022 | 5385 | 5014 | 398 |
| &nbsp;&nbsp;&nbsp; 5740352, 4.561%, 1/26/2024 †x¶#^ | Square | 7/28/2022 | 125 | 117 | 9 |
| &nbsp;&nbsp;&nbsp; 5741210, 3.302%, 1/26/2024 †x¶#^ | Square | 7/28/2022 | 478 | 456 | 35 |
| &nbsp;&nbsp;&nbsp; 5742423, 4.560%, 1/26/2024 †x¶#^ | Square | 7/28/2022 | 52664 | 49294 | 3897 |
| &nbsp;&nbsp;&nbsp; 5742702, 4.629%, 1/26/2024 †x¶#^ | Square | 7/28/2022 | 24107 | 22542 | 1784 |
| &nbsp;&nbsp;&nbsp; 5742867, 4.560%, 1/26/2024 †x¶#^ | Square | 7/28/2022 | 14050 | 13150 | 1040 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6164** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5743262, 3.774%, 1/26/2024 †x¶#^ | Square | 7/28/2022 | $143957 | $136246 | $10653 |
| &nbsp;&nbsp;&nbsp; 5743561, 4.552%, 1/27/2024 †x¶#^ | Square | 7/29/2022 | 310 | 290 | 23 |
| &nbsp;&nbsp;&nbsp; 5745438019, 26.529%, 12/12/2026 †x¥# | Stripe | 4/17/2025 | 22409 | 23305 | 1120 |
| &nbsp;&nbsp;&nbsp; 5745845, 4.403%, 1/27/2024 †x¶#^ | Square | 7/29/2022 | 57770 | 54192 | 4275 |
| &nbsp;&nbsp;&nbsp; 5746300, 4.721%, 1/27/2024 †x¶#^ | Square | 7/29/2022 | 7164 | 6690 | 530 |
| &nbsp;&nbsp;&nbsp; 5746327764, 26.424%, 5/13/2026 †x¥ | Stripe | 11/15/2024 | 187 | 194 | 199 |
| &nbsp;&nbsp;&nbsp; 5746410, 5.031%, 1/27/2024 †x¶#^ | Square | 7/29/2022 | 3727 | 3466 | 276 |
| &nbsp;&nbsp;&nbsp; 5746865931, 14.933%, 10/27/2026 †x¥ | Stripe | 5/01/2025 | 1583 | 1647 | 1656 |
| &nbsp;&nbsp;&nbsp; 5747172873, 22.267%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 26651 | 27984 | 28174 |
| &nbsp;&nbsp;&nbsp; 5754612200, 26.533%, 6/26/2025 †x¥#^ | Stripe | 1/02/2024 | 9775 | 10166 | 489 |
| &nbsp;&nbsp;&nbsp; 5755646133, 26.495%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 1722 | 1791 | 1811 |
| &nbsp;&nbsp;&nbsp; 5756001301, 21.193%, 11/01/2024 †x¥#^ | Stripe | 5/09/2023 | 3013 | 3134 | 151 |
| &nbsp;&nbsp;&nbsp; 5757866100, 22.261%, 12/27/2023 †x¥#^ | Stripe | 10/12/2021 | 5685 | 5913 | 284 |
| &nbsp;&nbsp;&nbsp; 5758760347, 20.398%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 6103 | 6347 | 6458 |
| &nbsp;&nbsp;&nbsp; 575880530, 20.127%, 2/07/2025 †x¥#^ | Stripe | 8/15/2023 | 3247 | 3377 | 162 |
| &nbsp;&nbsp;&nbsp; 5765033720, 17.851%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 1015 | 1056 | 1078 |
| &nbsp;&nbsp;&nbsp; 5767262537, 19.862%, 2/04/2025 †x¥#^ | Stripe | 12/15/2022 | 10219 | 10628 | 511 |
| &nbsp;&nbsp;&nbsp; 5767433229, 20.923%, 6/03/2023 †x¥#^ | Stripe | 12/08/2021 | 2925 | 3042 | 146 |
| &nbsp;&nbsp;&nbsp; 5767491070, 22.667%, 3/25/2023 †x¥#^ | Stripe | 9/29/2021 | 199 | 207 | 10 |
| &nbsp;&nbsp;&nbsp; 5772733964, 20.000%, 9/05/2025 †x¥#^ | Stripe | 9/11/2023 | 4214 | 4382 | 211 |
| &nbsp;&nbsp;&nbsp; 5773740, 4.403%, 2/04/2024 †x¶#^ | Square | 8/08/2022 | 40745 | 38312 | 3015 |
| &nbsp;&nbsp;&nbsp; 5784264335, 20.929%, 5/09/2024 †x¥#^ | Stripe | 11/15/2022 | 4929 | 5126 | 246 |
| &nbsp;&nbsp;&nbsp; 5789702344, 21.990%, 6/26/2026 †x¥# | Stripe | 12/31/2024 | 3710 | 3858 | 186 |
| &nbsp;&nbsp;&nbsp; 579074869, 20.000%, 8/14/2026 †x¥ | Stripe | 2/19/2025 | 554 | 576 | 591 |
| &nbsp;&nbsp;&nbsp; 5791230227, 26.526%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 10335 | 10852 | 10871 |
| &nbsp;&nbsp;&nbsp; 5792135738, 19.467%, 12/15/2023 †x¥#^ | Stripe | 6/22/2022 | 19087 | 19851 | 954 |
| &nbsp;&nbsp;&nbsp; 5795222, 4.528%, 2/10/2024 †x¶#^ | Square | 8/12/2022 | 35584 | 33320 | 2633 |
| &nbsp;&nbsp;&nbsp; 5803824075, 19.333%, 2/05/2025 †x¥#^ | Stripe | 8/11/2023 | 3815 | 3968 | 191 |
| &nbsp;&nbsp;&nbsp; 58063648, 25.563%, 12/26/2026 †x¥ | Stripe | 7/02/2025 | 751 | 781 | 799 |
| &nbsp;&nbsp;&nbsp; 5814813790, 23.710%, 10/08/2025 †x¥#^ | Stripe | 4/12/2024 | 2985 | 3104 | 149 |
| &nbsp;&nbsp;&nbsp; 5816812728, 25.730%, 12/24/2024 †x¥#^ | Stripe | 6/29/2023 | 11656 | 12122 | 583 |
| &nbsp;&nbsp;&nbsp; 5820451508, 15.863%, 12/01/2024 †x¥#^ | Stripe | 4/07/2023 | 2701 | 2810 | 135 |
| &nbsp;&nbsp;&nbsp; 5822522422, 22.254%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 7239 | 7528 | 362 |
| &nbsp;&nbsp;&nbsp; 5823550891, 21.173%, 10/18/2023 †x¥#^ | Stripe | 4/22/2022 | 1171 | 1218 | 59 |
| &nbsp;&nbsp;&nbsp; 582693434, 14.663%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 11976 | 12575 | 12575 |
| &nbsp;&nbsp;&nbsp; 5829532184, 16.398%, 8/17/2023 †x¥#^ | Stripe | 2/22/2022 | 26072 | 27115 | 1304 |
| &nbsp;&nbsp;&nbsp; 5831966895, 18.667%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 6410 | 6667 | 321 |
| &nbsp;&nbsp;&nbsp; 5832011314, 19.333%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 1523 | 1584 | 76 |
| &nbsp;&nbsp;&nbsp; 5835796044, 19.867%, 2/16/2024 †x¥#^ | Stripe | 8/23/2022 | 24307 | 25279 | 1215 |
| &nbsp;&nbsp;&nbsp; 583995384, 17.600%, 7/17/2026 †x¥ | Stripe | 1/22/2025 | 72601 | 75505 | 76281 |
| &nbsp;&nbsp;&nbsp; 5842147437, 23.067%, 2/25/2023 †x¥#^ | Stripe | 9/01/2021 | 372 | 387 | 19 |
| &nbsp;&nbsp;&nbsp; 5844271850, 19.333%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 1659 | 1742 | 1745 |
| &nbsp;&nbsp;&nbsp; 5848343027, 26.533%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 406 | 422 | 20 |
| &nbsp;&nbsp;&nbsp; 5858760698, 21.333%, 8/12/2025 †x¥#^ | Stripe | 2/15/2024 | 1125 | 1170 | 56 |
| &nbsp;&nbsp;&nbsp; 5861311125, 16.131%, 9/10/2026 †x¥ | Stripe | 3/17/2025 | 5740 | 5970 | 6045 |
| &nbsp;&nbsp;&nbsp; 5863068, 4.592%, 2/29/2024 †x¶#^ | Square | 9/01/2022 | 45941 | 42981 | 3400 |
| &nbsp;&nbsp;&nbsp; 5863142, 4.863%, 2/29/2024 †x¶#^ | Square | 9/01/2022 | 1785 | 1663 | 132 |
| &nbsp;&nbsp;&nbsp; 5863528, 4.025%, 2/29/2024 †x¶#^ | Square | 9/01/2022 | 676 | 637 | 50 |
| &nbsp;&nbsp;&nbsp; 5863667, 5.031%, 2/29/2024 †x¶#^ | Square | 9/01/2022 | 3291 | 3177 | 243 |
| &nbsp;&nbsp;&nbsp; 5863716459, 20.132%, 4/11/2024 †x¥#^ | Stripe | 10/17/2022 | 30550 | 31771 | 1527 |
| &nbsp;&nbsp;&nbsp; 5864177999, 20.800%, 8/07/2026 †x¥ | Stripe | 2/11/2025 | 170 | 177 | 181 |
| &nbsp;&nbsp;&nbsp; 5865194, 5.531%, 2/29/2024 †x¶#^ | Square | 9/02/2022 | 2329 | 2234 | 172 |
| &nbsp;&nbsp;&nbsp; 5865656, 4.755%, 2/29/2024 †x¶#^ | Square | 9/02/2022 | 3267 | 3049 | 242 |
| &nbsp;&nbsp;&nbsp; 5865970335, 19.597%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 772 | 803 | 39 |
| &nbsp;&nbsp;&nbsp; 5866228, 5.440%, 2/29/2024 †x¶#^ | Square | 9/02/2022 | 4957 | 4583 | 367 |
| &nbsp;&nbsp;&nbsp; 5866638, 5.285%, 2/29/2024 †x¶#^ | Square | 9/02/2022 | 502 | 465 | 37 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6165** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5868391989, 26.529%, 12/29/2026 †x¥# | Stripe | 7/03/2025 | $2162 | $2249 | $894 |
| &nbsp;&nbsp;&nbsp; 5868558870, 25.193%, 4/01/2025 †x¥#^ | Stripe | 10/05/2023 | 7513 | 7814 | 376 |
| &nbsp;&nbsp;&nbsp; 5870716, 3.929%, 3/01/2024 †x¶#^ | Square | 9/06/2022 | 1909 | 1802 | 141 |
| &nbsp;&nbsp;&nbsp; 5871431, 4.773%, 3/01/2024 †x¶#^ | Square | 9/06/2022 | 689 | 643 | 51 |
| &nbsp;&nbsp;&nbsp; 587299744, 19.599%, 5/22/2024 †x¥#^ | Stripe | 11/28/2022 | 33184 | 34511 | 1659 |
| &nbsp;&nbsp;&nbsp; 5873037, 4.560%, 3/01/2024 †x¶#^ | Square | 9/06/2022 | 6324 | 5919 | 468 |
| &nbsp;&nbsp;&nbsp; 5873373, 5.442%, 3/01/2024 †x¶#^ | Square | 9/06/2022 | 18263 | 16885 | 1351 |
| &nbsp;&nbsp;&nbsp; 587351568, 26.132%, 11/02/2026 †x¥ | Stripe | 3/10/2025 | 5642 | 5868 | 6040 |
| &nbsp;&nbsp;&nbsp; 5875485, 5.535%, 3/02/2024 †x¶#^ | Square | 9/07/2022 | 1061 | 980 | 79 |
| &nbsp;&nbsp;&nbsp; 5875504, 5.262%, 3/02/2024 †x¶#^ | Square | 9/07/2022 | 1770 | 1641 | 131 |
| &nbsp;&nbsp;&nbsp; 5875996, 4.215%, 3/02/2024 †x¶#^ | Square | 9/07/2022 | 9494 | 8929 | 703 |
| &nbsp;&nbsp;&nbsp; 5876562287, 26.533%, 11/20/2025 †x¥#^ | Stripe | 5/28/2024 | 82 | 85 | 4 |
| &nbsp;&nbsp;&nbsp; 5876642, 4.821%, 3/02/2024 †x¶#^ | Square | 9/07/2022 | 1153 | 1076 | 85 |
| &nbsp;&nbsp;&nbsp; 5876809, 4.843%, 3/02/2024 †x¶#^ | Square | 9/07/2022 | 17884 | 16806 | 1323 |
| &nbsp;&nbsp;&nbsp; 5877187, 4.528%, 3/03/2024 †x¶#^ | Square | 9/08/2022 | 18589 | 17407 | 1376 |
| &nbsp;&nbsp;&nbsp; 5877697, 5.031%, 3/03/2024 †x¶#^ | Square | 9/08/2022 | 2389 | 2222 | 177 |
| &nbsp;&nbsp;&nbsp; 5877804, 4.938%, 3/03/2024 †x¶#^ | Square | 9/08/2022 | 54 | 50 | 4 |
| &nbsp;&nbsp;&nbsp; 5877857, 4.311%, 3/03/2024 †x¶#^ | Square | 9/08/2022 | 6442 | 6051 | 477 |
| &nbsp;&nbsp;&nbsp; 5878628, 4.772%, 3/05/2024 †x¶#^ | Square | 9/08/2022 | 563 | 525 | 42 |
| &nbsp;&nbsp;&nbsp; 587866160, 26.529%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 5661 | 5945 | 5946 |
| &nbsp;&nbsp;&nbsp; 5878834591, 26.133%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 8343 | 8677 | 417 |
| &nbsp;&nbsp;&nbsp; 5879248587, 21.333%, 4/17/2024 †x¥#^ | Stripe | 10/21/2022 | 3518 | 3659 | 176 |
| &nbsp;&nbsp;&nbsp; 5879476343, 16.667%, 6/21/2024 †x¥#^ | Stripe | 12/28/2022 | 7379 | 7674 | 369 |
| &nbsp;&nbsp;&nbsp; 5881191, 3.986%, 3/06/2024 †x¶#^ | Square | 9/08/2022 | 153 | 145 | 11 |
| &nbsp;&nbsp;&nbsp; 5881710, 4.064%, 3/06/2024 †x¶#^ | Square | 9/08/2022 | 298 | 281 | 22 |
| &nbsp;&nbsp;&nbsp; 5881840, 5.205%, 3/06/2024 †x¶#^ | Square | 9/08/2022 | 1380 | 1280 | 102 |
| &nbsp;&nbsp;&nbsp; 5882619, 4.717%, 3/06/2024 †x¶#^ | Square | 9/08/2022 | 14116 | 13500 | 1045 |
| &nbsp;&nbsp;&nbsp; 5882721, 4.844%, 3/06/2024 †x¶#^ | Square | 9/08/2022 | 11777 | 10980 | 872 |
| &nbsp;&nbsp;&nbsp; 5882763597, 19.327%, 7/14/2026 †x¥# | Stripe | 1/16/2025 | 6832 | 7106 | 342 |
| &nbsp;&nbsp;&nbsp; 5883026, 5.015%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 623 | 580 | 46 |
| &nbsp;&nbsp;&nbsp; 5883603, 5.533%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 2420 | 2235 | 179 |
| &nbsp;&nbsp;&nbsp; 5883735, 3.302%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 2472 | 2356 | 183 |
| &nbsp;&nbsp;&nbsp; 5884714, 4.754%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 483 | 451 | 36 |
| &nbsp;&nbsp;&nbsp; 5885121609, 14.000%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 99906 | 103903 | 105200 |
| &nbsp;&nbsp;&nbsp; 5885434, 4.748%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 2927 | 2732 | 217 |
| &nbsp;&nbsp;&nbsp; 5885857, 4.937%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 5110 | 4758 | 378 |
| &nbsp;&nbsp;&nbsp; 5885991, 4.962%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 658 | 612 | 49 |
| &nbsp;&nbsp;&nbsp; 5886017, 4.309%, 3/07/2024 †x¶#^ | Square | 9/09/2022 | 3158 | 2967 | 234 |
| &nbsp;&nbsp;&nbsp; 5886215210, 21.995%, 4/09/2026 †x¥# | Stripe | 10/15/2024 | 1998 | 2078 | 557 |
| &nbsp;&nbsp;&nbsp; 5888084, 4.906%, 3/08/2024 †x¶#^ | Square | 9/12/2022 | 2851 | 2656 | 211 |
| &nbsp;&nbsp;&nbsp; 5888643, 4.748%, 3/08/2024 †x¶#^ | Square | 9/12/2022 | 16840 | 15720 | 1246 |
| &nbsp;&nbsp;&nbsp; 5889860, 5.522%, 3/08/2024 †x¶#^ | Square | 9/12/2022 | 595 | 550 | 44 |
| &nbsp;&nbsp;&nbsp; 5890271, 3.774%, 3/08/2024 †x¶#^ | Square | 9/12/2022 | 32121 | 30400 | 2377 |
| &nbsp;&nbsp;&nbsp; 5890979, 4.434%, 3/08/2024 †x¶#^ | Square | 9/12/2022 | 35481 | 33269 | 2626 |
| &nbsp;&nbsp;&nbsp; 5891173556, 18.667%, 8/05/2026 †x¥ | Stripe | 2/07/2025 | 2816 | 2928 | 2977 |
| &nbsp;&nbsp;&nbsp; 5891253, 4.743%, 3/09/2024 †x¶#^ | Square | 9/13/2022 | 3603 | 3364 | 267 |
| &nbsp;&nbsp;&nbsp; 5891433, 5.442%, 3/09/2024 †x¶#^ | Square | 9/13/2022 | 4183 | 3867 | 310 |
| &nbsp;&nbsp;&nbsp; 5891701, 4.750%, 3/09/2024 †x¶#^ | Square | 9/13/2022 | 14946 | 13952 | 1106 |
| &nbsp;&nbsp;&nbsp; 5892207, 5.147%, 3/09/2024 †x¶#^ | Square | 9/13/2022 | 395 | 366 | 29 |
| &nbsp;&nbsp;&nbsp; 5892241, 5.027%, 3/09/2024 †x¶#^ | Square | 9/13/2022 | 553 | 514 | 41 |
| &nbsp;&nbsp;&nbsp; 5893101010, 16.259%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 3027 | 3148 | 3182 |
| &nbsp;&nbsp;&nbsp; 5894998, 5.565%, 3/10/2024 †x¶#^ | Square | 9/14/2022 | 1059 | 978 | 78 |
| &nbsp;&nbsp;&nbsp; 5895164, 4.208%, 3/11/2024 †x¶#^ | Square | 9/14/2022 | 845 | 795 | 63 |
| &nbsp;&nbsp;&nbsp; 5895419, 5.424%, 3/11/2024 †x¶#^ | Square | 9/14/2022 | 1072 | 993 | 79 |
| &nbsp;&nbsp;&nbsp; 5895675, 5.358%, 3/11/2024 †x¶#^ | Square | 9/14/2022 | 101 | 94 | 7 |
| &nbsp;&nbsp;&nbsp; 5895810, 4.939%, 3/11/2024 †x¶#^ | Square | 9/14/2022 | 3545 | 3300 | 262 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6166** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5896468437, 21.980%, 4/28/2026 †x¥ | Stripe | 10/31/2024 | $397 | $413 | $424 |
| &nbsp;&nbsp;&nbsp; 5896870, 5.445%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 2385 | 2205 | 176 |
| &nbsp;&nbsp;&nbsp; 5897251, 4.308%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 15091 | 14175 | 1117 |
| &nbsp;&nbsp;&nbsp; 5897558, 4.528%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 95385 | 89318 | 7058 |
| &nbsp;&nbsp;&nbsp; 5897987, 4.906%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 2573 | 2396 | 190 |
| &nbsp;&nbsp;&nbsp; 5898011, 5.035%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 776 | 721 | 57 |
| &nbsp;&nbsp;&nbsp; 5898268, 5.157%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 16898 | 15684 | 1250 |
| &nbsp;&nbsp;&nbsp; 5898531, 4.906%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 25221 | 23492 | 1866 |
| &nbsp;&nbsp;&nbsp; 5898791, 4.026%, 3/12/2024 †x¶#^ | Square | 9/14/2022 | 576 | 544 | 43 |
| &nbsp;&nbsp;&nbsp; 5899158983, 14.798%, 7/11/2026 †x¥ | Stripe | 1/15/2025 | 2098 | 2182 | 2225 |
| &nbsp;&nbsp;&nbsp; 5899809, 5.282%, 3/13/2024 †x¶#^ | Square | 9/15/2022 | 770 | 714 | 57 |
| &nbsp;&nbsp;&nbsp; 58eae0bd-26ce-453b-b704-e6f89394d1e9, 19.290%, 3/12/2018 †x#^ | Funding Circle | 12/14/2016 | 14130 | 14130 | 4239 |
| &nbsp;&nbsp;&nbsp; 5901014, 4.750%, 3/13/2024 †x¶#^ | Square | 9/15/2022 | 5607 | 5290 | 415 |
| &nbsp;&nbsp;&nbsp; 5901357, 4.937%, 3/13/2024 †x¶#^ | Square | 9/15/2022 | 1617 | 1506 | 120 |
| &nbsp;&nbsp;&nbsp; 5901534877, 23.729%, 9/26/2025 †x¥#^ | Stripe | 4/02/2024 | 17256 | 17947 | 863 |
| &nbsp;&nbsp;&nbsp; 5901828, 5.095%, 3/13/2024 †x¶#^ | Square | 9/15/2022 | 20369 | 18923 | 1507 |
| &nbsp;&nbsp;&nbsp; 5901996, 5.285%, 3/13/2024 †x¶#^ | Square | 9/15/2022 | 3729 | 3455 | 276 |
| &nbsp;&nbsp;&nbsp; 5903489, 5.031%, 3/14/2024 †x¶#^ | Square | 9/16/2022 | 1677 | 1559 | 124 |
| &nbsp;&nbsp;&nbsp; 5904784, 5.096%, 3/14/2024 †x¶#^ | Square | 9/16/2022 | 11158 | 10366 | 826 |
| &nbsp;&nbsp;&nbsp; 5904829, 5.190%, 3/14/2024 †x¶#^ | Square | 9/16/2022 | 19769 | 18341 | 1463 |
| &nbsp;&nbsp;&nbsp; 5906128140, 14.400%, 11/04/2026 †x¥ | Stripe | 5/09/2025 | 77143 | 80228 | 81443 |
| &nbsp;&nbsp;&nbsp; 5906866800, 20.308%, 3/16/2024 †x¥#^ | Stripe | 9/21/2022 | 408 | 424 | 20 |
| &nbsp;&nbsp;&nbsp; 5907151, 4.591%, 3/15/2024 †x¶#^ | Square | 9/19/2022 | 1844 | 1725 | 136 |
| &nbsp;&nbsp;&nbsp; 5908614963, 19.333%, 1/22/2027 †x¥ | Stripe | 7/29/2025 | 4088 | 4252 | 4333 |
| &nbsp;&nbsp;&nbsp; 5910838, 4.432%, 3/16/2024 †x¶#^ | Square | 9/20/2022 | 10289 | 9647 | 761 |
| &nbsp;&nbsp;&nbsp; 5911648, 4.747%, 3/16/2024 †x¶#^ | Square | 9/20/2022 | 2271 | 2120 | 168 |
| &nbsp;&nbsp;&nbsp; 5911662280, 13.600%, 3/13/2025 †x¥#^ | Stripe | 9/18/2023 | 142738 | 148447 | 7137 |
| &nbsp;&nbsp;&nbsp; 5912106133, 25.333%, 6/10/2025 †x¥#^ | Stripe | 12/14/2023 | 1334 | 1387 | 67 |
| &nbsp;&nbsp;&nbsp; 5912759, 3.931%, 3/16/2024 †x¶#^ | Square | 9/20/2022 | 37707 | 35607 | 2790 |
| &nbsp;&nbsp;&nbsp; 5914693, 4.751%, 3/18/2024 †x¶#^ | Square | 9/21/2022 | 1802 | 1682 | 133 |
| &nbsp;&nbsp;&nbsp; 5915731, 4.841%, 3/19/2024 †x¶#^ | Square | 9/21/2022 | 978 | 911 | 72 |
| &nbsp;&nbsp;&nbsp; 5919035, 5.426%, 3/20/2024 †x¶#^ | Square | 9/22/2022 | 734 | 679 | 54 |
| &nbsp;&nbsp;&nbsp; 5919310, 4.302%, 3/20/2024 †x¶#^ | Square | 9/22/2022 | 2680 | 2517 | 198 |
| &nbsp;&nbsp;&nbsp; 592111114, 22.264%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 8119 | 8525 | 8535 |
| &nbsp;&nbsp;&nbsp; 5921692, 4.030%, 3/20/2024 †x¶#^ | Square | 9/22/2022 | 406 | 383 | 30 |
| &nbsp;&nbsp;&nbsp; 5925345, 5.281%, 3/21/2024 †x¶#^ | Square | 9/23/2022 | 6312 | 5848 | 467 |
| &nbsp;&nbsp;&nbsp; 5926783744, 20.368%, 4/17/2025 †x¥#^ | Stripe | 10/23/2023 | 1319 | 1372 | 66 |
| &nbsp;&nbsp;&nbsp; 5927220869, 20.400%, 2/24/2027 †x¥ | Stripe | 8/29/2025 | 20435 | 21252 | 21620 |
| &nbsp;&nbsp;&nbsp; 5927227658, 26.525%, 3/06/2025 †x¥#^ | Stripe | 9/11/2023 | 5180 | 5387 | 259 |
| &nbsp;&nbsp;&nbsp; 5927692, 4.756%, 3/22/2024 †x¶#^ | Square | 9/26/2022 | 266 | 248 | 20 |
| &nbsp;&nbsp;&nbsp; 5928796, 4.436%, 3/22/2024 †x¶#^ | Square | 9/26/2022 | 2620 | 2456 | 194 |
| &nbsp;&nbsp;&nbsp; 5928829, 5.031%, 3/22/2024 †x¶#^ | Square | 9/26/2022 | 7794 | 7247 | 577 |
| &nbsp;&nbsp;&nbsp; 5929285956, 18.667%, 4/02/2024 †x¥#^ | Stripe | 8/09/2022 | 10726 | 11155 | 536 |
| &nbsp;&nbsp;&nbsp; 5929929, 4.716%, 3/22/2024 †x¶#^ | Square | 9/26/2022 | 1742 | 1627 | 129 |
| &nbsp;&nbsp;&nbsp; 5930768, 4.935%, 3/22/2024 †x¶#^ | Square | 9/26/2022 | 3248 | 3024 | 240 |
| &nbsp;&nbsp;&nbsp; 5930845, 5.539%, 3/23/2024 †x¶#^ | Square | 9/27/2022 | 1200 | 1108 | 89 |
| &nbsp;&nbsp;&nbsp; 5930864, 4.718%, 3/23/2024 †x¶#^ | Square | 9/27/2022 | 15756 | 14714 | 1166 |
| &nbsp;&nbsp;&nbsp; 5931448, 5.377%, 3/23/2024 †x¶#^ | Square | 9/27/2022 | 19601 | 18138 | 1450 |
| &nbsp;&nbsp;&nbsp; 5931547, 4.749%, 3/23/2024 †x¶#^ | Square | 9/27/2022 | 8289 | 7738 | 613 |
| &nbsp;&nbsp;&nbsp; 5931937, 4.948%, 3/23/2024 †x¶#^ | Square | 9/27/2022 | 813 | 757 | 60 |
| &nbsp;&nbsp;&nbsp; 5932882, 4.591%, 3/23/2024 †x¶#^ | Square | 9/27/2022 | 3975 | 3719 | 294 |
| &nbsp;&nbsp;&nbsp; 5933105, 5.085%, 3/23/2024 †x¶#^ | Square | 9/27/2022 | 1408 | 1308 | 104 |
| &nbsp;&nbsp;&nbsp; 5934512, 5.428%, 3/24/2024 †x¶#^ | Square | 9/28/2022 | 414 | 383 | 31 |
| &nbsp;&nbsp;&nbsp; 5935042, 5.438%, 3/25/2024 †x¶#^ | Square | 9/28/2022 | 176 | 163 | 13 |
| &nbsp;&nbsp;&nbsp; 5935584, 5.031%, 3/26/2024 †x¶#^ | Square | 9/28/2022 | 5645 | 5249 | 418 |
| &nbsp;&nbsp;&nbsp; 5935639, 4.762%, 3/26/2024 †x¶#^ | Square | 9/28/2022 | 783 | 731 | 58 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6167** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5939614, 5.034%, 3/27/2024 †x¶#^ | Square | 9/29/2022 | $2240 | $2086 | $166 |
| &nbsp;&nbsp;&nbsp; 5940011, 4.313%, 3/27/2024 †x¶#^ | Square | 9/29/2022 | 5514 | 5179 | 408 |
| &nbsp;&nbsp;&nbsp; 5940806, 4.434%, 3/27/2024 †x¶#^ | Square | 9/29/2022 | 887 | 832 | 66 |
| &nbsp;&nbsp;&nbsp; 5940957997, 13.985%, 3/11/2027 †x¥ | Stripe | 9/15/2025 | 1807 | 1879 | 1901 |
| &nbsp;&nbsp;&nbsp; 5944080, 5.454%, 3/28/2024 †x¶#^ | Square | 9/30/2022 | 894 | 826 | 66 |
| &nbsp;&nbsp;&nbsp; 5944119, 4.719%, 3/28/2024 †x¶#^ | Square | 9/30/2022 | 5281 | 4932 | 391 |
| &nbsp;&nbsp;&nbsp; 5945318, 4.216%, 3/28/2024 †x¶#^ | Square | 9/30/2022 | 6412 | 6031 | 475 |
| &nbsp;&nbsp;&nbsp; 5949309, 5.444%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 1557 | 1440 | 115 |
| &nbsp;&nbsp;&nbsp; 5949467, 5.437%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 847 | 783 | 63 |
| &nbsp;&nbsp;&nbsp; 5949553, 5.446%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 1000 | 924 | 74 |
| &nbsp;&nbsp;&nbsp; 5949589, 5.157%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 16110 | 14953 | 1192 |
| &nbsp;&nbsp;&nbsp; 5949609, 4.750%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 2875 | 2684 | 213 |
| &nbsp;&nbsp;&nbsp; 5949718, 4.906%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 11820 | 11011 | 875 |
| &nbsp;&nbsp;&nbsp; 5949819, 5.036%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 5402 | 5023 | 400 |
| &nbsp;&nbsp;&nbsp; 5950245, 5.157%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 11516 | 10689 | 852 |
| &nbsp;&nbsp;&nbsp; 5950364, 4.591%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 29696 | 27783 | 2198 |
| &nbsp;&nbsp;&nbsp; 5950650, 4.035%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 2358 | 2223 | 174 |
| &nbsp;&nbsp;&nbsp; 5950922, 5.160%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 6701 | 6220 | 496 |
| &nbsp;&nbsp;&nbsp; 5950952, 5.366%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 1237 | 1145 | 92 |
| &nbsp;&nbsp;&nbsp; 5950960, 4.906%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 13152 | 12250 | 973 |
| &nbsp;&nbsp;&nbsp; 5951152, 5.031%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 1783 | 1668 | 132 |
| &nbsp;&nbsp;&nbsp; 5951297665, 14.400%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 22063 | 22946 | 23321 |
| &nbsp;&nbsp;&nbsp; 5951499779, 26.133%, 8/25/2026 †x¥ | Stripe | 2/27/2025 | 1310 | 1362 | 1416 |
| &nbsp;&nbsp;&nbsp; 5951630, 4.053%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 769 | 725 | 57 |
| &nbsp;&nbsp;&nbsp; 5951705, 4.901%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 2892 | 2694 | 214 |
| &nbsp;&nbsp;&nbsp; 5951720, 5.031%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 44649 | 41515 | 3304 |
| &nbsp;&nbsp;&nbsp; 5951772, 4.766%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 673 | 628 | 50 |
| &nbsp;&nbsp;&nbsp; 5951830, 5.283%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 4640 | 4300 | 343 |
| &nbsp;&nbsp;&nbsp; 5951918, 5.031%, 3/29/2024 †x¶#^ | Square | 10/03/2022 | 4461 | 4164 | 330 |
| &nbsp;&nbsp;&nbsp; 5953084, 5.435%, 3/30/2024 †x¶#^ | Square | 10/04/2022 | 1004 | 929 | 74 |
| &nbsp;&nbsp;&nbsp; 5953904, 4.746%, 3/30/2024 †x¶#^ | Square | 10/04/2022 | 4564 | 4261 | 338 |
| &nbsp;&nbsp;&nbsp; 5954026, 4.749%, 3/30/2024 †x¶#^ | Square | 10/04/2022 | 52704 | 49200 | 3900 |
| &nbsp;&nbsp;&nbsp; 5954301, 5.272%, 3/30/2024 †x¶#^ | Square | 10/04/2022 | 400 | 371 | 30 |
| &nbsp;&nbsp;&nbsp; 5954567, 4.527%, 3/30/2024 †x¶#^ | Square | 10/04/2022 | 2294 | 2148 | 170 |
| &nbsp;&nbsp;&nbsp; 5955496, 5.533%, 4/01/2024 †x¶#^ | Square | 10/05/2022 | 4791 | 4423 | 354 |
| &nbsp;&nbsp;&nbsp; 5956135, 4.751%, 4/01/2024 †x¶#^ | Square | 10/05/2022 | 2875 | 2684 | 213 |
| &nbsp;&nbsp;&nbsp; 5956272, 4.934%, 4/02/2024 †x¶#^ | Square | 10/05/2022 | 8083 | 7526 | 598 |
| &nbsp;&nbsp;&nbsp; 5956794, 5.140%, 4/02/2024 †x¶#^ | Square | 10/05/2022 | 956 | 887 | 71 |
| &nbsp;&nbsp;&nbsp; 5956871, 5.031%, 4/02/2024 †x¶#^ | Square | 10/05/2022 | 669 | 622 | 49 |
| &nbsp;&nbsp;&nbsp; 5956879, 5.537%, 4/02/2024 †x¶#^ | Square | 10/05/2022 | 2269 | 2095 | 168 |
| &nbsp;&nbsp;&nbsp; 5956915, 4.840%, 4/02/2024 †x¶#^ | Square | 10/05/2022 | 477 | 445 | 35 |
| &nbsp;&nbsp;&nbsp; 5956916, 4.748%, 4/02/2024 †x¶#^ | Square | 10/05/2022 | 4901 | 4575 | 363 |
| &nbsp;&nbsp;&nbsp; 595699945, 20.391%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 12512 | 13138 | 13156 |
| &nbsp;&nbsp;&nbsp; 5957206, 5.189%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 1655 | 1535 | 122 |
| &nbsp;&nbsp;&nbsp; 5957485, 5.031%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 8563 | 7962 | 634 |
| &nbsp;&nbsp;&nbsp; 5957565, 5.157%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 14294 | 13267 | 1058 |
| &nbsp;&nbsp;&nbsp; 5957625, 5.031%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 4490 | 4174 | 332 |
| &nbsp;&nbsp;&nbsp; 5958007306, 20.800%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 505 | 525 | 539 |
| &nbsp;&nbsp;&nbsp; 5958636, 4.932%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 462 | 431 | 34 |
| &nbsp;&nbsp;&nbsp; 5958866, 5.028%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 1755 | 1631 | 130 |
| &nbsp;&nbsp;&nbsp; 5958883, 4.941%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 2623 | 2442 | 194 |
| &nbsp;&nbsp;&nbsp; 5959387, 4.592%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 11258 | 10533 | 833 |
| &nbsp;&nbsp;&nbsp; 5959629, 4.939%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 7534 | 7014 | 557 |
| &nbsp;&nbsp;&nbsp; 5959970059, 25.994%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 12100 | 12705 | 12705 |
| &nbsp;&nbsp;&nbsp; 5960031, 4.305%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 2686 | 2523 | 199 |
| &nbsp;&nbsp;&nbsp; 5960085, 5.522%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 1509 | 1393 | 112 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6168** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5960115, 4.752%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | $2044 | $1908 | $151 |
| &nbsp;&nbsp;&nbsp; 5960125, 4.310%, 4/03/2024 †x¶#^ | Square | 10/05/2022 | 8144 | 7650 | 603 |
| &nbsp;&nbsp;&nbsp; 5960159038, 26.525%, 10/31/2025 †x¥#^ | Stripe | 5/07/2024 | 1567 | 1629 | 78 |
| &nbsp;&nbsp;&nbsp; 5961009, 4.530%, 4/04/2024 †x¶#^ | Square | 10/06/2022 | 12226 | 11448 | 905 |
| &nbsp;&nbsp;&nbsp; 5961822, 5.285%, 4/04/2024 †x¶#^ | Square | 10/06/2022 | 6806 | 6306 | 504 |
| &nbsp;&nbsp;&nbsp; 5961978, 4.906%, 4/04/2024 †x¶#^ | Square | 10/06/2022 | 38503 | 35863 | 2849 |
| &nbsp;&nbsp;&nbsp; 5962386, 5.286%, 4/04/2024 †x¶#^ | Square | 10/06/2022 | 2528 | 2342 | 187 |
| &nbsp;&nbsp;&nbsp; 5962575, 4.215%, 4/04/2024 †x¶#^ | Square | 10/06/2022 | 14269 | 13421 | 1056 |
| &nbsp;&nbsp;&nbsp; 5962735, 5.432%, 4/04/2024 †x¶#^ | Square | 10/06/2022 | 877 | 811 | 65 |
| &nbsp;&nbsp;&nbsp; 5963778, 4.029%, 4/04/2024 †x¶#^ | Square | 10/06/2022 | 1153 | 1089 | 85 |
| &nbsp;&nbsp;&nbsp; 5965960, 5.098%, 4/05/2024 †x¶#^ | Square | 10/07/2022 | 2799 | 2600 | 207 |
| &nbsp;&nbsp;&nbsp; 5966103, 5.533%, 4/05/2024 †x¶#^ | Square | 10/07/2022 | 10981 | 10141 | 813 |
| &nbsp;&nbsp;&nbsp; 5967957011, 19.329%, 9/12/2026 †x¥# | Stripe | 3/19/2025 | 8778 | 9129 | 1617 |
| &nbsp;&nbsp;&nbsp; 5968554511, 25.333%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 43715 | 45463 | 2186 |
| &nbsp;&nbsp;&nbsp; 5970026690, 26.530%, 11/14/2024 †x¥#^ | Stripe | 5/22/2023 | 29300 | 30472 | 1465 |
| &nbsp;&nbsp;&nbsp; 5971174, 4.906%, 4/06/2024 †x¶#^ | Square | 10/11/2022 | 174562 | 162598 | 12918 |
| &nbsp;&nbsp;&nbsp; 5972455, 5.034%, 4/06/2024 †x¶#^ | Square | 10/11/2022 | 2095 | 1948 | 155 |
| &nbsp;&nbsp;&nbsp; 5973513, 5.283%, 4/06/2024 †x¶#^ | Square | 10/11/2022 | 26677 | 24718 | 1974 |
| &nbsp;&nbsp;&nbsp; 5974794, 4.748%, 4/07/2024 †x¶#^ | Square | 10/12/2022 | 19990 | 18661 | 1479 |
| &nbsp;&nbsp;&nbsp; 5975194, 3.931%, 4/07/2024 †x¶#^ | Square | 10/12/2022 | 6658 | 6287 | 493 |
| &nbsp;&nbsp;&nbsp; 5976320, 5.031%, 4/07/2024 †x¶#^ | Square | 10/12/2022 | 35857 | 33340 | 2653 |
| &nbsp;&nbsp;&nbsp; 5976504, 5.377%, 4/07/2024 †x¶#^ | Square | 10/12/2022 | 21704 | 20212 | 1606 |
| &nbsp;&nbsp;&nbsp; 5978152, 4.842%, 4/08/2024 †x¶#^ | Square | 10/13/2022 | 3013 | 2809 | 223 |
| &nbsp;&nbsp;&nbsp; 5978171, 5.031%, 4/08/2024 †x¶#^ | Square | 10/13/2022 | 5770 | 5365 | 427 |
| &nbsp;&nbsp;&nbsp; 5978230, 5.441%, 4/08/2024 †x¶#^ | Square | 10/13/2022 | 3115 | 2880 | 231 |
| &nbsp;&nbsp;&nbsp; 5978505, 4.820%, 4/08/2024 †x¶#^ | Square | 10/13/2022 | 964 | 899 | 71 |
| &nbsp;&nbsp;&nbsp; 5978529, 5.151%, 4/08/2024 †x¶#^ | Square | 10/13/2022 | 1736 | 1612 | 128 |
| &nbsp;&nbsp;&nbsp; 5978542, 4.745%, 4/08/2024 †x¶#^ | Square | 10/13/2022 | 2697 | 2518 | 200 |
| &nbsp;&nbsp;&nbsp; 5978708, 4.427%, 4/08/2024 †x¶#^ | Square | 10/13/2022 | 1019 | 956 | 75 |
| &nbsp;&nbsp;&nbsp; 5978864, 4.851%, 4/09/2024 †x¶#^ | Square | 10/13/2022 | 2791 | 2601 | 207 |
| &nbsp;&nbsp;&nbsp; 5978955517, 25.600%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 79975 | 83973 | 84168 |
| &nbsp;&nbsp;&nbsp; 5979281, 4.912%, 4/09/2024 †x¶#^ | Square | 10/13/2022 | 2305 | 2147 | 171 |
| &nbsp;&nbsp;&nbsp; 5979358, 5.544%, 4/09/2024 †x¶#^ | Square | 10/13/2022 | 1555 | 1436 | 115 |
| &nbsp;&nbsp;&nbsp; 5979359, 5.186%, 4/09/2024 †x¶#^ | Square | 10/13/2022 | 2035 | 1888 | 151 |
| &nbsp;&nbsp;&nbsp; 5979520, 5.031%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 18327 | 17041 | 1356 |
| &nbsp;&nbsp;&nbsp; 5979859, 4.527%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 25844 | 24201 | 1912 |
| &nbsp;&nbsp;&nbsp; 5979937, 4.845%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 5427 | 5059 | 402 |
| &nbsp;&nbsp;&nbsp; 5979997, 5.031%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 2394 | 2226 | 177 |
| &nbsp;&nbsp;&nbsp; 5980358, 5.025%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 2929 | 2723 | 217 |
| &nbsp;&nbsp;&nbsp; 5980684, 4.842%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 709 | 661 | 52 |
| &nbsp;&nbsp;&nbsp; 5980878, 4.009%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 426 | 401 | 31 |
| &nbsp;&nbsp;&nbsp; 5980902, 4.746%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 1069 | 998 | 79 |
| &nbsp;&nbsp;&nbsp; 5981119, 5.438%, 4/10/2024 †x¶#^ | Square | 10/13/2022 | 6210 | 5742 | 460 |
| &nbsp;&nbsp;&nbsp; 5981446, 4.741%, 4/11/2024 †x¶#^ | Square | 10/13/2022 | 498 | 465 | 37 |
| &nbsp;&nbsp;&nbsp; 5981873, 4.905%, 4/11/2024 †x¶#^ | Square | 10/13/2022 | 13890 | 12938 | 1028 |
| &nbsp;&nbsp;&nbsp; 5981988, 5.286%, 4/11/2024 †x¶#^ | Square | 10/13/2022 | 1461 | 1354 | 108 |
| &nbsp;&nbsp;&nbsp; 5982058925, 18.000%, 12/12/2026 †x¥ | Stripe | 6/18/2025 | 1114 | 1158 | 1186 |
| &nbsp;&nbsp;&nbsp; 5983653, 5.031%, 4/11/2024 †x¶#^ | Square | 10/13/2022 | 29892 | 27794 | 2212 |
| &nbsp;&nbsp;&nbsp; 5983846, 4.313%, 4/11/2024 †x¶#^ | Square | 10/13/2022 | 7889 | 7409 | 584 |
| &nbsp;&nbsp;&nbsp; 5984240, 5.125%, 4/11/2024 †x¶#^ | Square | 10/13/2022 | 618 | 574 | 46 |
| &nbsp;&nbsp;&nbsp; 5984512559, 19.583%, 5/18/2024 †x¥#^ | Stripe | 11/23/2022 | 4049 | 4210 | 202 |
| &nbsp;&nbsp;&nbsp; 5984744103, 26.504%, 1/25/2025 †x¥#^ | Stripe | 8/02/2023 | 2653 | 2760 | 133 |
| &nbsp;&nbsp;&nbsp; 5984834, 5.031%, 4/12/2024 †x¶#^ | Square | 10/14/2022 | 16302 | 15158 | 1206 |
| &nbsp;&nbsp;&nbsp; 5985911, 4.854%, 4/12/2024 †x¶#^ | Square | 10/14/2022 | 923 | 860 | 68 |
| &nbsp;&nbsp;&nbsp; 5986037, 4.717%, 4/12/2024 †x¶#^ | Square | 10/14/2022 | 2083 | 1946 | 154 |
| &nbsp;&nbsp;&nbsp; 5986662397, 24.000%, 10/07/2023 †x¥#^ | Stripe | 4/13/2022 | 778 | 809 | 39 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6169** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 5986827, 4.717%, 4/12/2024 †x¶#^ | Square | 10/14/2022 | $36571 | $34155 | $2706 |
| &nbsp;&nbsp;&nbsp; 5986986273, 14.667%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 1069 | 1122 | 1122 |
| &nbsp;&nbsp;&nbsp; 5987273, 4.529%, 4/12/2024 †x¶#^ | Square | 10/14/2022 | 42867 | 40140 | 3172 |
| &nbsp;&nbsp;&nbsp; 5989635, 4.906%, 4/13/2024 †x¶#^ | Square | 10/17/2022 | 8934 | 8322 | 661 |
| &nbsp;&nbsp;&nbsp; 5989641, 4.748%, 4/13/2024 †x¶#^ | Square | 10/17/2022 | 91953 | 85839 | 6805 |
| &nbsp;&nbsp;&nbsp; 5990201, 4.025%, 4/13/2024 †x¶#^ | Square | 10/17/2022 | 735 | 693 | 54 |
| &nbsp;&nbsp;&nbsp; 5990240770, 25.864%, 9/01/2026 †x¥ | Stripe | 3/06/2025 | 9600 | 9984 | 10232 |
| &nbsp;&nbsp;&nbsp; 5990619, 4.756%, 4/13/2024 †x¶#^ | Square | 10/17/2022 | 270 | 252 | 20 |
| &nbsp;&nbsp;&nbsp; 5990910, 5.031%, 4/13/2024 †x¶#^ | Square | 10/17/2022 | 1938 | 1802 | 143 |
| &nbsp;&nbsp;&nbsp; 5990943, 4.916%, 4/13/2024 †x¶#^ | Square | 10/17/2022 | 1620 | 1509 | 120 |
| &nbsp;&nbsp;&nbsp; 5991137202, 22.929%, 11/27/2024 †x¥#^ | Stripe | 6/02/2023 | 19367 | 20141 | 968 |
| &nbsp;&nbsp;&nbsp; 5992194, 5.158%, 4/13/2024 †x¶#^ | Square | 10/17/2022 | 24356 | 22607 | 1802 |
| &nbsp;&nbsp;&nbsp; 5993614377, 14.000%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 2710 | 2818 | 2860 |
| &nbsp;&nbsp;&nbsp; 5993806, 4.749%, 4/14/2024 †x¶#^ | Square | 10/18/2022 | 1694 | 1581 | 125 |
| &nbsp;&nbsp;&nbsp; 5994181884, 26.532%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 57307 | 60173 | 60323 |
| &nbsp;&nbsp;&nbsp; 5995013880, 26.476%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 1387 | 1457 | 1457 |
| &nbsp;&nbsp;&nbsp; 5995906, 5.428%, 4/14/2024 †x¶#^ | Square | 10/18/2022 | 1118 | 1034 | 83 |
| &nbsp;&nbsp;&nbsp; 5996261211, 21.867%, 3/08/2023 †x¥#^ | Stripe | 9/10/2021 | 331 | 345 | 17 |
| &nbsp;&nbsp;&nbsp; 5996452471, 19.583%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 4121 | 4327 | 4337 |
| &nbsp;&nbsp;&nbsp; 5996488, 4.308%, 4/15/2024 †x¶#^ | Square | 10/19/2022 | 4878 | 4582 | 361 |
| &nbsp;&nbsp;&nbsp; 5996774, 4.752%, 4/15/2024 †x¶#^ | Square | 10/19/2022 | 7548 | 7045 | 559 |
| &nbsp;&nbsp;&nbsp; 5996844, 5.526%, 4/15/2024 †x¶#^ | Square | 10/19/2022 | 612 | 565 | 45 |
| &nbsp;&nbsp;&nbsp; 5997268, 4.309%, 4/16/2024 †x¶#^ | Square | 10/19/2022 | 1505 | 1413 | 111 |
| &nbsp;&nbsp;&nbsp; 5997361, 5.276%, 4/16/2024 †x¶#^ | Square | 10/19/2022 | 1780 | 1650 | 132 |
| &nbsp;&nbsp;&nbsp; 5998323, 5.528%, 4/17/2024 †x¶#^ | Square | 10/19/2022 | 615 | 568 | 45 |
| &nbsp;&nbsp;&nbsp; 5998500, 5.189%, 4/17/2024 †x¶#^ | Square | 10/19/2022 | 1628 | 1510 | 120 |
| &nbsp;&nbsp;&nbsp; 5a73fd77-a192-43b2-a63e-1c62bbd82e8d, 18.900%, 10/10/2023 †x#^ | Funding Circle | 4/12/2018 | 84429 | 84429 | 25329 |
| &nbsp;&nbsp;&nbsp; 6000146, 4.906%, 4/17/2024 †x¶#^ | Square | 10/19/2022 | 25289 | 23556 | 1871 |
| &nbsp;&nbsp;&nbsp; 6001804, 5.158%, 4/18/2024 †x¶#^ | Square | 10/20/2022 | 14039 | 13031 | 1039 |
| &nbsp;&nbsp;&nbsp; 6001961, 4.216%, 4/18/2024 †x¶#^ | Square | 10/20/2022 | 4161 | 3914 | 308 |
| &nbsp;&nbsp;&nbsp; 6002649, 5.115%, 4/18/2024 †x¶#^ | Square | 10/20/2022 | 172 | 160 | 13 |
| &nbsp;&nbsp;&nbsp; 6003940, 5.405%, 4/18/2024 †x¶#^ | Square | 10/20/2022 | 172 | 159 | 13 |
| &nbsp;&nbsp;&nbsp; 6005038, 5.078%, 4/19/2024 †x¶#^ | Square | 10/21/2022 | 1319 | 1226 | 98 |
| &nbsp;&nbsp;&nbsp; 6005996, 5.203%, 4/19/2024 †x¶#^ | Square | 10/21/2022 | 740 | 686 | 55 |
| &nbsp;&nbsp;&nbsp; 6009330534, 26.519%, 6/24/2026 †x¥ | Stripe | 12/30/2024 | 158 | 165 | 169 |
| &nbsp;&nbsp;&nbsp; 6010411, 5.529%, 4/20/2024 †x¶#^ | Square | 10/24/2022 | 2246 | 2074 | 166 |
| &nbsp;&nbsp;&nbsp; 6011592, 4.749%, 4/20/2024 †x¶#^ | Square | 10/24/2022 | 29598 | 27630 | 2190 |
| &nbsp;&nbsp;&nbsp; 6012040, 4.844%, 4/20/2024 †x¶#^ | Square | 10/24/2022 | 6967 | 6495 | 516 |
| &nbsp;&nbsp;&nbsp; 6012161, 4.843%, 4/20/2024 †x¶#^ | Square | 10/24/2022 | 463 | 432 | 34 |
| &nbsp;&nbsp;&nbsp; 6014297, 4.213%, 4/21/2024 †x¶#^ | Square | 10/25/2022 | 16750 | 15754 | 1240 |
| &nbsp;&nbsp;&nbsp; 6015552, 4.843%, 4/21/2024 †x¶#^ | Square | 10/25/2022 | 6503 | 6062 | 481 |
| &nbsp;&nbsp;&nbsp; 6015903, 4.748%, 4/22/2024 †x¶#^ | Square | 10/26/2022 | 16816 | 15727 | 1244 |
| &nbsp;&nbsp;&nbsp; 6016259, 5.031%, 4/22/2024 †x¶#^ | Square | 10/26/2022 | 527 | 490 | 39 |
| &nbsp;&nbsp;&nbsp; 6016289, 4.751%, 4/22/2024 †x¶#^ | Square | 10/26/2022 | 2100 | 1961 | 155 |
| &nbsp;&nbsp;&nbsp; 6016737, 4.900%, 4/23/2024 †x¶#^ | Square | 10/26/2022 | 2445 | 2278 | 181 |
| &nbsp;&nbsp;&nbsp; 6016778, 5.460%, 4/23/2024 †x¶#^ | Square | 10/26/2022 | 845 | 781 | 63 |
| &nbsp;&nbsp;&nbsp; 6017029, 4.910%, 4/23/2024 †x¶#^ | Square | 10/26/2022 | 2845 | 2650 | 211 |
| &nbsp;&nbsp;&nbsp; 6017094, 4.308%, 4/23/2024 †x¶#^ | Square | 10/26/2022 | 12965 | 12178 | 959 |
| &nbsp;&nbsp;&nbsp; 6021051, 4.906%, 4/25/2024 †x¶#^ | Square | 10/27/2022 | 118005 | 109917 | 8732 |
| &nbsp;&nbsp;&nbsp; 6021685974, 24.000%, 3/14/2023 †x¥#^ | Stripe | 9/16/2021 | 43 | 44 | 2 |
| &nbsp;&nbsp;&nbsp; 6022556, 4.033%, 4/25/2024 †x¶#^ | Square | 10/27/2022 | 66 | 62 | 5 |
| &nbsp;&nbsp;&nbsp; 6023025, 5.031%, 4/25/2024 †x¶#^ | Square | 10/27/2022 | 490 | 455 | 36 |
| &nbsp;&nbsp;&nbsp; 6023039, 3.976%, 4/25/2024 †x¶#^ | Square | 10/27/2022 | 596 | 563 | 44 |
| &nbsp;&nbsp;&nbsp; 6023559085, 20.359%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 1214 | 1262 | 1279 |
| &nbsp;&nbsp;&nbsp; 6023719, 4.435%, 4/25/2024 †x¶#^ | Square | 10/27/2022 | 33038 | 30978 | 2445 |
| &nbsp;&nbsp;&nbsp; 6024046, 4.757%, 4/25/2024 †x¶#^ | Square | 10/27/2022 | 2474 | 2310 | 183 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6170** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6026991, 4.030%, 4/26/2024 †x¶#^ | Square | 10/28/2022 | $1132 | $1068 | $84 |
| &nbsp;&nbsp;&nbsp; 6027688881, 20.800%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 2107 | 2192 | 2235 |
| &nbsp;&nbsp;&nbsp; 6028698916, 19.333%, 3/01/2025 †x¥#^ | Stripe | 7/07/2023 | 47416 | 49313 | 2371 |
| &nbsp;&nbsp;&nbsp; 6029458, 4.528%, 4/27/2024 †x¶#^ | Square | 10/31/2022 | 1087 | 1017 | 80 |
| &nbsp;&nbsp;&nbsp; 6029644, 4.309%, 4/27/2024 †x¶#^ | Square | 10/31/2022 | 25731 | 24169 | 1904 |
| &nbsp;&nbsp;&nbsp; 6031665153, 26.533%, 3/25/2025 †x¥#^ | Stripe | 9/28/2023 | 190 | 198 | 9 |
| &nbsp;&nbsp;&nbsp; 6038113386, 19.733%, 5/25/2024 †x¥#^ | Stripe | 11/30/2022 | 70966 | 73805 | 3548 |
| &nbsp;&nbsp;&nbsp; 6041824926, 25.594%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 13163 | 13822 | 13848 |
| &nbsp;&nbsp;&nbsp; 6044203114, 19.196%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 11955 | 12433 | 598 |
| &nbsp;&nbsp;&nbsp; 6044275703, 20.800%, 9/03/2024 †x¥#^ | Stripe | 3/09/2023 | 3975 | 4134 | 199 |
| &nbsp;&nbsp;&nbsp; 6044848527, 18.533%, 10/31/2023 †x¥#^ | Stripe | 5/05/2022 | 18545 | 19287 | 927 |
| &nbsp;&nbsp;&nbsp; 6045164358, 25.597%, 2/24/2026 †x¥#^ | Stripe | 8/29/2024 | 376 | 391 | 19 |
| &nbsp;&nbsp;&nbsp; 6049840147, 18.000%, 1/20/2027 †x¥# | Stripe | 7/25/2025 | 2255 | 2345 | 878 |
| &nbsp;&nbsp;&nbsp; 6056264582, 16.125%, 5/20/2023 †x¥#^ | Stripe | 9/23/2021 | 1467 | 1525 | 73 |
| &nbsp;&nbsp;&nbsp; 6057254604, 26.523%, 8/23/2025 †x¥#^ | Stripe | 2/28/2024 | 1231 | 1280 | 62 |
| &nbsp;&nbsp;&nbsp; 605800041, 16.000%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 45823 | 48114 | 48250 |
| &nbsp;&nbsp;&nbsp; 6058862269, 17.333%, 12/15/2023 †x¥#^ | Stripe | 6/22/2022 | 1922 | 1998 | 96 |
| &nbsp;&nbsp;&nbsp; 6062239, 4.748%, 5/07/2024 †x¶#^ | Square | 11/09/2022 | 54451 | 50830 | 4029 |
| &nbsp;&nbsp;&nbsp; 6063807032, 24.000%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 298 | 310 | 15 |
| &nbsp;&nbsp;&nbsp; 6070691914, 26.000%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 5163 | 5421 | 5438 |
| &nbsp;&nbsp;&nbsp; 6075848047, 26.521%, 1/20/2026 †x¥#^ | Stripe | 7/25/2024 | 4978 | 5177 | 249 |
| &nbsp;&nbsp;&nbsp; 6078968296, 22.000%, 8/07/2026 †x¥# | Stripe | 2/11/2025 | 1678 | 1745 | 468 |
| &nbsp;&nbsp;&nbsp; 6080455981, 25.185%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 1085 | 1129 | 54 |
| &nbsp;&nbsp;&nbsp; 6091534944, 12.789%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 6458 | 6781 | 6795 |
| &nbsp;&nbsp;&nbsp; 6092404336, 16.267%, 12/22/2026 †x¥ | Stripe | 6/26/2025 | 2347 | 2440 | 2471 |
| &nbsp;&nbsp;&nbsp; 6099777568, 21.867%, 12/20/2024 †x¥#^ | Stripe | 6/27/2023 | 667 | 693 | 33 |
| &nbsp;&nbsp;&nbsp; 6105447695, 18.921%, 7/04/2025 †x¥#^ | Stripe | 1/09/2024 | 1464 | 1523 | 73 |
| &nbsp;&nbsp;&nbsp; 6109041111, 20.333%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 1234 | 1295 | 1297 |
| &nbsp;&nbsp;&nbsp; 6111816436, 26.122%, 8/11/2026 †x¥# | Stripe | 2/13/2025 | 6792 | 7064 | 340 |
| &nbsp;&nbsp;&nbsp; 6115978351, 18.667%, 7/04/2026 †x¥ | Stripe | 1/08/2025 | 39217 | 40785 | 41494 |
| &nbsp;&nbsp;&nbsp; 6122697955, 25.593%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 6798 | 7138 | 7147 |
| &nbsp;&nbsp;&nbsp; 6125556522, 21.199%, 10/06/2026 †x¥# | Stripe | 4/10/2025 | 8799 | 9151 | 440 |
| &nbsp;&nbsp;&nbsp; 6128667069, 19.048%, 1/21/2025 †x¥#^ | Stripe | 7/27/2023 | 644 | 669 | 32 |
| &nbsp;&nbsp;&nbsp; 6132839275, 20.800%, 8/26/2026 †x¥ | Stripe | 2/28/2025 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; 613474800, 23.732%, 8/23/2024 †x¥#^ | Stripe | 2/28/2023 | 35578 | 37002 | 1779 |
| &nbsp;&nbsp;&nbsp; 6134755463, 14.929%, 1/06/2024 †x¥#^ | Stripe | 5/12/2022 | 2175 | 2263 | 109 |
| &nbsp;&nbsp;&nbsp; 6136168373, 15.200%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 67671 | 71055 | 71403 |
| &nbsp;&nbsp;&nbsp; 6136296217, 24.000%, 7/06/2023 †x¥#^ | Stripe | 1/10/2022 | 1098 | 1142 | 55 |
| &nbsp;&nbsp;&nbsp; 6137178826, 26.119%, 10/10/2026 †x¥ | Stripe | 2/13/2025 | 861 | 895 | 503 |
| &nbsp;&nbsp;&nbsp; 6137228353, 26.529%, 4/02/2025 †x¥#^ | Stripe | 10/06/2023 | 2813 | 2926 | 141 |
| &nbsp;&nbsp;&nbsp; 6137413853, 15.332%, 9/30/2023 †x¥#^ | Stripe | 4/06/2022 | 13838 | 14392 | 692 |
| &nbsp;&nbsp;&nbsp; 6141484931, 26.399%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 24779 | 25770 | 14254 |
| &nbsp;&nbsp;&nbsp; 6141819, 5.031%, 5/17/2024 †x¶#^ | Square | 11/21/2022 | 76540 | 71421 | 5664 |
| &nbsp;&nbsp;&nbsp; 6147025443, 26.532%, 11/05/2025 †x¥#^ | Stripe | 9/12/2023 | 33380 | 34716 | 1669 |
| &nbsp;&nbsp;&nbsp; 6147717788, 24.000%, 7/11/2023 †x¥#^ | Stripe | 1/13/2022 | 419 | 436 | 21 |
| &nbsp;&nbsp;&nbsp; 6150178215, 15.333%, 11/12/2024 †x¥#^ | Stripe | 5/18/2023 | 5163 | 5369 | 258 |
| &nbsp;&nbsp;&nbsp; 6150677813, 25.333%, 1/10/2024 †x¥#^ | Stripe | 7/15/2022 | 2194 | 2282 | 110 |
| &nbsp;&nbsp;&nbsp; 6151578835, 12.800%, 3/20/2027 †x¥ | Stripe | 9/24/2025 | 101503 | 105563 | 106206 |
| &nbsp;&nbsp;&nbsp; 6155902, 4.906%, 5/22/2024 †x¶#^ | Square | 11/25/2022 | 84908 | 79088 | 6283 |
| &nbsp;&nbsp;&nbsp; 6159044, 4.748%, 5/23/2024 †x¶#^ | Square | 11/28/2022 | 140165 | 130845 | 10372 |
| &nbsp;&nbsp;&nbsp; 6159488226, 18.267%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 10000 | 10500 | 10500 |
| &nbsp;&nbsp;&nbsp; 6160036, 5.157%, 5/23/2024 †x¶#^ | Square | 11/28/2022 | 111037 | 103065 | 8217 |
| &nbsp;&nbsp;&nbsp; 6161053181, 22.235%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 3236 | 3398 | 3401 |
| &nbsp;&nbsp;&nbsp; 6163432, 4.748%, 5/25/2024 †x¶#^ | Square | 11/29/2022 | 39526 | 36898 | 2925 |
| &nbsp;&nbsp;&nbsp; 6166915533, 19.464%, 4/27/2024 †x¥#^ | Stripe | 11/02/2022 | 3006 | 3126 | 150 |
| &nbsp;&nbsp;&nbsp; 6168641, 4.748%, 5/28/2024 †x¶#^ | Square | 11/30/2022 | 89682 | 83719 | 6636 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6171** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6169243553, 20.390%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | $2191 | $2279 | $2316 |
| &nbsp;&nbsp;&nbsp; 6169825, 5.376%, 5/29/2024 †x¶#^ | Square | 12/01/2022 | 9113 | 8433 | 674 |
| &nbsp;&nbsp;&nbsp; 6169887, 4.310%, 5/29/2024 †x¶#^ | Square | 12/01/2022 | 5315 | 4992 | 393 |
| &nbsp;&nbsp;&nbsp; 6170187369, 24.250%, 7/04/2025 †x¥#^ | Stripe | 1/09/2024 | 517 | 538 | 26 |
| &nbsp;&nbsp;&nbsp; 6170418177, 18.933%, 5/28/2024 †x¥#^ | Stripe | 12/01/2022 | 16906 | 17582 | 845 |
| &nbsp;&nbsp;&nbsp; 6171687, 5.438%, 5/29/2024 †x¶#^ | Square | 12/01/2022 | 11676 | 10795 | 864 |
| &nbsp;&nbsp;&nbsp; 6172046, 5.031%, 5/29/2024 †x¶#^ | Square | 12/01/2022 | 10544 | 9804 | 780 |
| &nbsp;&nbsp;&nbsp; 6172241, 5.437%, 5/29/2024 †x¶#^ | Square | 12/01/2022 | 1158 | 1070 | 86 |
| &nbsp;&nbsp;&nbsp; 6172676, 5.540%, 5/29/2024 †x¶#^ | Square | 12/01/2022 | 753 | 702 | 56 |
| &nbsp;&nbsp;&nbsp; 6172899, 5.284%, 5/29/2024 †x¶#^ | Square | 12/01/2022 | 12180 | 11285 | 901 |
| &nbsp;&nbsp;&nbsp; 6175056, 4.749%, 5/30/2024 †x¶#^ | Square | 12/02/2022 | 38914 | 36326 | 2880 |
| &nbsp;&nbsp;&nbsp; 6175406, 5.282%, 5/30/2024 †x¶#^ | Square | 12/02/2022 | 8259 | 7652 | 611 |
| &nbsp;&nbsp;&nbsp; 6175422, 5.380%, 5/30/2024 †x¶#^ | Square | 12/02/2022 | 1391 | 1287 | 103 |
| &nbsp;&nbsp;&nbsp; 6175578, 5.446%, 5/30/2024 †x¶#^ | Square | 12/02/2022 | 2099 | 1941 | 155 |
| &nbsp;&nbsp;&nbsp; 6175954, 4.308%, 5/30/2024 †x¶#^ | Square | 12/02/2022 | 10320 | 9694 | 764 |
| &nbsp;&nbsp;&nbsp; 6176229983, 14.126%, 9/06/2023 †x¥#^ | Stripe | 3/11/2022 | 4844 | 5038 | 242 |
| &nbsp;&nbsp;&nbsp; 6177189139, 22.533%, 12/13/2025 †x¥#^ | Stripe | 6/20/2024 | 376 | 391 | 19 |
| &nbsp;&nbsp;&nbsp; 6180777, 4.904%, 6/01/2024 †x¶#^ | Square | 12/05/2022 | 3185 | 2967 | 236 |
| &nbsp;&nbsp;&nbsp; 6181379, 4.308%, 6/01/2024 †x¶#^ | Square | 12/05/2022 | 29582 | 27787 | 2189 |
| &nbsp;&nbsp;&nbsp; 6181500, 5.031%, 6/01/2024 †x¶#^ | Square | 12/05/2022 | 27172 | 25265 | 2011 |
| &nbsp;&nbsp;&nbsp; 6181650, 5.434%, 6/01/2024 †x¶#^ | Square | 12/05/2022 | 191 | 176 | 14 |
| &nbsp;&nbsp;&nbsp; 6181751715, 21.091%, 7/05/2025 †x¥#^ | Stripe | 1/10/2024 | 729 | 758 | 36 |
| &nbsp;&nbsp;&nbsp; 6182137, 5.455%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 801 | 740 | 59 |
| &nbsp;&nbsp;&nbsp; 6182165, 5.444%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 1237 | 1143 | 92 |
| &nbsp;&nbsp;&nbsp; 6182273, 4.902%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 2535 | 2362 | 188 |
| &nbsp;&nbsp;&nbsp; 6183241, 5.444%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 427 | 395 | 32 |
| &nbsp;&nbsp;&nbsp; 6183452, 5.156%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 7990 | 7416 | 591 |
| &nbsp;&nbsp;&nbsp; 6184279, 4.528%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 51695 | 48407 | 3825 |
| &nbsp;&nbsp;&nbsp; 6184956, 4.748%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 1776 | 1658 | 131 |
| &nbsp;&nbsp;&nbsp; 6185174, 5.438%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 2277 | 2105 | 169 |
| &nbsp;&nbsp;&nbsp; 6185424, 5.166%, 6/02/2024 †x¶#^ | Square | 12/06/2022 | 1053 | 977 | 78 |
| &nbsp;&nbsp;&nbsp; 6185721, 5.281%, 6/03/2024 †x¶#^ | Square | 12/07/2022 | 637 | 592 | 47 |
| &nbsp;&nbsp;&nbsp; 6185743, 5.559%, 6/03/2024 †x¶#^ | Square | 12/07/2022 | 936 | 864 | 69 |
| &nbsp;&nbsp;&nbsp; 6185838, 4.748%, 6/03/2024 †x¶#^ | Square | 12/07/2022 | 16020 | 14955 | 1185 |
| &nbsp;&nbsp;&nbsp; 6187273572, 20.784%, 7/31/2024 †x¥#^ | Stripe | 2/03/2023 | 3909 | 4065 | 195 |
| &nbsp;&nbsp;&nbsp; 6187611932, 21.058%, 12/18/2024 †x¥#^ | Stripe | 6/23/2023 | 6860 | 7135 | 343 |
| &nbsp;&nbsp;&nbsp; 6188945, 5.381%, 6/05/2024 †x¶#^ | Square | 12/07/2022 | 675 | 625 | 50 |
| &nbsp;&nbsp;&nbsp; 6189677, 5.161%, 6/05/2024 †x¶#^ | Square | 12/07/2022 | 3029 | 2811 | 224 |
| &nbsp;&nbsp;&nbsp; 6190314, 4.904%, 6/05/2024 †x¶#^ | Square | 12/07/2022 | 13195 | 12334 | 976 |
| &nbsp;&nbsp;&nbsp; 6191724, 5.533%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 2253 | 2080 | 167 |
| &nbsp;&nbsp;&nbsp; 6192103, 4.313%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 3665 | 3442 | 271 |
| &nbsp;&nbsp;&nbsp; 6193068605, 15.063%, 10/04/2023 †x¥#^ | Stripe | 4/08/2022 | 14858 | 15453 | 743 |
| &nbsp;&nbsp;&nbsp; 619370476, 19.328%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 4778 | 4969 | 5062 |
| &nbsp;&nbsp;&nbsp; 6193791, 5.537%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 1657 | 1530 | 123 |
| &nbsp;&nbsp;&nbsp; 6194088, 4.912%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 4349 | 4051 | 322 |
| &nbsp;&nbsp;&nbsp; 6194123, 5.379%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 7424 | 6870 | 549 |
| &nbsp;&nbsp;&nbsp; 619421231, 21.996%, 8/25/2026 †x¥ | Stripe | 2/27/2025 | 5273 | 5484 | 5604 |
| &nbsp;&nbsp;&nbsp; 6194914703, 19.182%, 4/25/2023 †x¥#^ | Stripe | 10/28/2021 | 650 | 676 | 32 |
| &nbsp;&nbsp;&nbsp; 6194991, 5.530%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 2025 | 1870 | 150 |
| &nbsp;&nbsp;&nbsp; 6195023, 4.530%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 4482 | 4197 | 332 |
| &nbsp;&nbsp;&nbsp; 6195046, 5.026%, 6/06/2024 †x¶#^ | Square | 12/08/2022 | 755 | 702 | 56 |
| &nbsp;&nbsp;&nbsp; 6197790330, 24.929%, 6/04/2025 †x¥#^ | Stripe | 12/08/2023 | 6600 | 6864 | 330 |
| &nbsp;&nbsp;&nbsp; 6199370927, 26.121%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 461 | 480 | 494 |
| &nbsp;&nbsp;&nbsp; 6200485, 5.533%, 6/07/2024 †x¶#^ | Square | 12/09/2022 | 2313 | 2135 | 171 |
| &nbsp;&nbsp;&nbsp; 6203653, 4.760%, 6/08/2024 †x¶#^ | Square | 12/12/2022 | 1242 | 1172 | 92 |
| &nbsp;&nbsp;&nbsp; 6204146, 5.379%, 6/08/2024 †x¶#^ | Square | 12/12/2022 | 541 | 525 | 40 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6172** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 620414951, 24.000%, 5/14/2025 †x¥#^ | Stripe | 11/17/2023 | $13485 | $14024 | $674 |
| &nbsp;&nbsp;&nbsp; 6204162, 5.031%, 6/08/2024 †x¶#^ | Square | 12/12/2022 | 1667 | 1550 | 123 |
| &nbsp;&nbsp;&nbsp; 6204959, 4.905%, 6/08/2024 †x¶#^ | Square | 12/12/2022 | 7397 | 6890 | 547 |
| &nbsp;&nbsp;&nbsp; 6205571, 5.538%, 6/08/2024 †x¶#^ | Square | 12/12/2022 | 662 | 611 | 49 |
| &nbsp;&nbsp;&nbsp; 6205789, 5.531%, 6/08/2024 †x¶#^ | Square | 12/12/2022 | 6305 | 5822 | 467 |
| &nbsp;&nbsp;&nbsp; 6208484, 4.745%, 6/09/2024 †x¶#^ | Square | 12/13/2022 | 664 | 620 | 49 |
| &nbsp;&nbsp;&nbsp; 6209255908, 18.932%, 4/12/2023 †x¥#^ | Stripe | 10/15/2021 | 7540 | 7842 | 377 |
| &nbsp;&nbsp;&nbsp; 6209764, 4.903%, 6/10/2024 †x¶#^ | Square | 12/14/2022 | 5508 | 5131 | 408 |
| &nbsp;&nbsp;&nbsp; 6210119, 4.309%, 6/10/2024 †x¶#^ | Square | 12/14/2022 | 1250 | 1174 | 92 |
| &nbsp;&nbsp;&nbsp; 6210206, 4.530%, 6/10/2024 †x¶#^ | Square | 12/14/2022 | 7215 | 6757 | 534 |
| &nbsp;&nbsp;&nbsp; 6210734, 4.305%, 6/11/2024 †x¶#^ | Square | 12/14/2022 | 1132 | 1063 | 84 |
| &nbsp;&nbsp;&nbsp; 6210838, 5.441%, 6/11/2024 †x¶#^ | Square | 12/14/2022 | 9214 | 8528 | 682 |
| &nbsp;&nbsp;&nbsp; 6211773, 5.031%, 6/12/2024 †x¶#^ | Square | 12/14/2022 | 10337 | 9614 | 765 |
| &nbsp;&nbsp;&nbsp; 6212282, 5.535%, 6/12/2024 †x¶#^ | Square | 12/14/2022 | 25791 | 23814 | 1909 |
| &nbsp;&nbsp;&nbsp; 6213140, 5.457%, 6/12/2024 †x¶#^ | Square | 12/14/2022 | 807 | 746 | 60 |
| &nbsp;&nbsp;&nbsp; 6213542368, 26.444%, 3/22/2025 †x¥#^ | Stripe | 9/27/2023 | 452 | 470 | 23 |
| &nbsp;&nbsp;&nbsp; 6213610, 5.446%, 6/12/2024 †x¶#^ | Square | 12/14/2022 | 3898 | 3603 | 288 |
| &nbsp;&nbsp;&nbsp; 6213811, 5.370%, 6/12/2024 †x¶#^ | Square | 12/14/2022 | 133 | 123 | 10 |
| &nbsp;&nbsp;&nbsp; 6213906322, 16.116%, 6/02/2026 †x¥# | Stripe | 12/05/2024 | 2443 | 2541 | 122 |
| &nbsp;&nbsp;&nbsp; 6214807, 5.157%, 6/12/2024 †x¶#^ | Square | 12/14/2022 | 43497 | 40374 | 3219 |
| &nbsp;&nbsp;&nbsp; 6215655, 5.281%, 6/13/2024 †x¶#^ | Square | 12/15/2022 | 4688 | 4344 | 347 |
| &nbsp;&nbsp;&nbsp; 6216524, 5.453%, 6/13/2024 †x¶#^ | Square | 12/15/2022 | 630 | 582 | 47 |
| &nbsp;&nbsp;&nbsp; 6216605, 5.380%, 6/13/2024 †x¶#^ | Square | 12/15/2022 | 7477 | 6919 | 553 |
| &nbsp;&nbsp;&nbsp; 6216942, 4.780%, 6/13/2024 †x¶#^ | Square | 12/15/2022 | 711 | 663 | 53 |
| &nbsp;&nbsp;&nbsp; 6216945, 5.039%, 6/13/2024 †x¶#^ | Square | 12/15/2022 | 1863 | 1732 | 138 |
| &nbsp;&nbsp;&nbsp; 621790977, 24.000%, 10/10/2023 †x¥#^ | Stripe | 4/14/2022 | 1859 | 1934 | 93 |
| &nbsp;&nbsp;&nbsp; 6217951, 4.531%, 6/13/2024 †x¶#^ | Square | 12/15/2022 | 1159 | 1085 | 86 |
| &nbsp;&nbsp;&nbsp; 6218163, 4.752%, 6/14/2024 †x¶#^ | Square | 12/16/2022 | 1967 | 1836 | 146 |
| &nbsp;&nbsp;&nbsp; 6219065, 4.533%, 6/14/2024 †x¶#^ | Square | 12/16/2022 | 4263 | 3992 | 315 |
| &nbsp;&nbsp;&nbsp; 6219097, 5.444%, 6/14/2024 †x¶#^ | Square | 12/16/2022 | 2266 | 2100 | 168 |
| &nbsp;&nbsp;&nbsp; 6219840567, 17.333%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 1596 | 1676 | 1677 |
| &nbsp;&nbsp;&nbsp; 6223951394, 16.933%, 4/25/2024 †x¥#^ | Stripe | 10/31/2022 | 122335 | 127228 | 6117 |
| &nbsp;&nbsp;&nbsp; 6226304556, 26.516%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 5069 | 5272 | 253 |
| &nbsp;&nbsp;&nbsp; 6226557646, 23.059%, 3/14/2026 †x¥# | Stripe | 12/28/2023 | 563 | 586 | 28 |
| &nbsp;&nbsp;&nbsp; 6226936783, 21.333%, 8/08/2025 †x¥#^ | Stripe | 2/13/2024 | 518 | 539 | 26 |
| &nbsp;&nbsp;&nbsp; 6227514, 4.313%, 6/16/2024 †x¶#^ | Square | 12/20/2022 | 2050 | 1926 | 152 |
| &nbsp;&nbsp;&nbsp; 6227689, 5.283%, 6/16/2024 †x¶#^ | Square | 12/20/2022 | 7780 | 7209 | 576 |
| &nbsp;&nbsp;&nbsp; 6228122, 5.376%, 6/16/2024 †x¶#^ | Square | 12/20/2022 | 14261 | 13197 | 1055 |
| &nbsp;&nbsp;&nbsp; 6228459, 5.511%, 6/16/2024 †x¶#^ | Square | 12/20/2022 | 1205 | 1113 | 89 |
| &nbsp;&nbsp;&nbsp; 622891622, 19.556%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 1824 | 1915 | 1919 |
| &nbsp;&nbsp;&nbsp; 6229702884, 21.333%, 7/23/2024 †x¥#^ | Stripe | 1/26/2023 | 3119 | 3243 | 156 |
| &nbsp;&nbsp;&nbsp; 6234305, 5.156%, 6/16/2024 †x¶#^ | Square | 12/20/2022 | 3145 | 2919 | 233 |
| &nbsp;&nbsp;&nbsp; 6234566, 5.280%, 6/16/2024 †x¶#^ | Square | 12/20/2022 | 9435 | 8743 | 698 |
| &nbsp;&nbsp;&nbsp; 6235582, 5.283%, 6/17/2024 †x¶#^ | Square | 12/21/2022 | 7972 | 7387 | 590 |
| &nbsp;&nbsp;&nbsp; 6235651, 4.749%, 6/17/2024 †x¶#^ | Square | 12/21/2022 | 24478 | 22851 | 1811 |
| &nbsp;&nbsp;&nbsp; 6235880, 4.764%, 6/17/2024 †x¶#^ | Square | 12/21/2022 | 962 | 898 | 71 |
| &nbsp;&nbsp;&nbsp; 6236570, 5.480%, 6/18/2024 †x¶#^ | Square | 12/21/2022 | 683 | 631 | 51 |
| &nbsp;&nbsp;&nbsp; 6236664, 4.967%, 6/18/2024 †x¶#^ | Square | 12/21/2022 | 6135 | 5710 | 454 |
| &nbsp;&nbsp;&nbsp; 6236699, 4.525%, 6/18/2024 †x¶#^ | Square | 12/21/2022 | 2270 | 2125 | 168 |
| &nbsp;&nbsp;&nbsp; 6237136975, 21.859%, 9/23/2025 †x¥#^ | Stripe | 3/28/2024 | 3909 | 4065 | 195 |
| &nbsp;&nbsp;&nbsp; 6239130, 5.771%, 6/19/2024 †x¶#^ | Square | 12/21/2022 | 486 | 448 | 36 |
| &nbsp;&nbsp;&nbsp; 6239188681, 23.333%, 10/02/2025 †x¥#^ | Stripe | 4/08/2024 | 1361 | 1416 | 68 |
| &nbsp;&nbsp;&nbsp; 6239700, 5.254%, 6/19/2024 †x¶#^ | Square | 12/21/2022 | 4055 | 3762 | 300 |
| &nbsp;&nbsp;&nbsp; 6239816, 5.660%, 6/19/2024 †x¶#^ | Square | 12/21/2022 | 1158 | 1068 | 86 |
| &nbsp;&nbsp;&nbsp; 6240076, 4.906%, 6/19/2024 †x¶#^ | Square | 12/21/2022 | 9347 | 8707 | 692 |
| &nbsp;&nbsp;&nbsp; 6240534, 5.384%, 6/20/2024 †x¶#^ | Square | 12/22/2022 | 1541 | 1426 | 114 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6173** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6241423, 5.599%, 6/20/2024 †x¶#^ | Square | 12/22/2022 | $756 | $699 | $56 |
| &nbsp;&nbsp;&nbsp; 6241832, 5.125%, 6/20/2024 †x¶#^ | Square | 12/22/2022 | 18471 | 17152 | 1367 |
| &nbsp;&nbsp;&nbsp; 6242199, 4.749%, 6/20/2024 †x¶#^ | Square | 12/22/2022 | 23696 | 22120 | 1753 |
| &nbsp;&nbsp;&nbsp; 624253197, 21.733%, 11/19/2024 †x¥#^ | Stripe | 5/25/2023 | 759 | 789 | 38 |
| &nbsp;&nbsp;&nbsp; 6242962, 5.378%, 6/20/2024 †x¶#^ | Square | 12/22/2022 | 15144 | 14014 | 1121 |
| &nbsp;&nbsp;&nbsp; 624310118, 24.000%, 8/08/2023 †x¥#^ | Stripe | 2/10/2022 | 642 | 668 | 32 |
| &nbsp;&nbsp;&nbsp; 6243744, 4.965%, 6/21/2024 †x¶#^ | Square | 12/23/2022 | 47 | 44 | 3 |
| &nbsp;&nbsp;&nbsp; 6245034, 5.762%, 6/21/2024 †x¶#^ | Square | 12/23/2022 | 497 | 457 | 37 |
| &nbsp;&nbsp;&nbsp; 6245765, 5.387%, 6/21/2024 †x¶#^ | Square | 12/23/2022 | 2986 | 2763 | 221 |
| &nbsp;&nbsp;&nbsp; 6245832729, 26.532%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 2702 | 2810 | 2866 |
| &nbsp;&nbsp;&nbsp; 6245922, 5.252%, 6/21/2024 †x¶#^ | Square | 12/23/2022 | 17358 | 16090 | 1284 |
| &nbsp;&nbsp;&nbsp; 6246001, 5.606%, 6/21/2024 †x¶#^ | Square | 12/23/2022 | 2151 | 1984 | 159 |
| &nbsp;&nbsp;&nbsp; 6246246, 5.248%, 6/21/2024 †x¶#^ | Square | 12/23/2022 | 760 | 705 | 56 |
| &nbsp;&nbsp;&nbsp; 6251552, 5.379%, 6/22/2024 †x¶#^ | Square | 12/27/2022 | 14483 | 13401 | 1072 |
| &nbsp;&nbsp;&nbsp; 6251559, 4.748%, 6/22/2024 †x¶#^ | Square | 12/27/2022 | 78805 | 73565 | 5832 |
| &nbsp;&nbsp;&nbsp; 6251696, 4.748%, 6/22/2024 †x¶#^ | Square | 12/27/2022 | 54887 | 51238 | 4062 |
| &nbsp;&nbsp;&nbsp; 6251703, 5.256%, 6/22/2024 †x¶#^ | Square | 12/27/2022 | 19 | 17 | 1 |
| &nbsp;&nbsp;&nbsp; 6251865, 4.906%, 6/22/2024 †x¶#^ | Square | 12/27/2022 | 45678 | 42547 | 3380 |
| &nbsp;&nbsp;&nbsp; 6252304, 5.683%, 6/23/2024 †x¶#^ | Square | 12/28/2022 | 220 | 203 | 16 |
| &nbsp;&nbsp;&nbsp; 6252778, 5.762%, 6/23/2024 †x¶#^ | Square | 12/28/2022 | 1574 | 1449 | 116 |
| &nbsp;&nbsp;&nbsp; 6253120, 4.976%, 6/23/2024 †x¶#^ | Square | 12/28/2022 | 1136 | 1057 | 84 |
| &nbsp;&nbsp;&nbsp; 6253229, 5.464%, 6/23/2024 †x¶#^ | Square | 12/28/2022 | 364 | 336 | 27 |
| &nbsp;&nbsp;&nbsp; 6254143345, 22.000%, 8/04/2026 †x¥# | Stripe | 2/06/2025 | 18178 | 18905 | 909 |
| &nbsp;&nbsp;&nbsp; 6254525, 5.440%, 6/23/2024 †x¶#^ | Square | 12/28/2022 | 29437 | 27232 | 2178 |
| &nbsp;&nbsp;&nbsp; 6255521, 5.471%, 6/24/2024 †x¶#^ | Square | 12/29/2022 | 13873 | 12864 | 1027 |
| &nbsp;&nbsp;&nbsp; 6255627705, 21.172%, 10/13/2026 †x¥ | Stripe | 4/17/2025 | 768 | 798 | 806 |
| &nbsp;&nbsp;&nbsp; 6255678, 5.755%, 6/25/2024 †x¶#^ | Square | 12/29/2022 | 2835 | 2610 | 210 |
| &nbsp;&nbsp;&nbsp; 6255894, 4.746%, 6/25/2024 †x¶#^ | Square | 12/29/2022 | 7109 | 6637 | 526 |
| &nbsp;&nbsp;&nbsp; 6256082, 5.666%, 6/26/2024 †x¶#^ | Square | 12/29/2022 | 6285 | 5793 | 465 |
| &nbsp;&nbsp;&nbsp; 6256171, 5.595%, 6/26/2024 †x¶#^ | Square | 12/29/2022 | 2798 | 2581 | 207 |
| &nbsp;&nbsp;&nbsp; 6256343, 5.251%, 6/26/2024 †x¶#^ | Square | 12/29/2022 | 13331 | 12358 | 986 |
| &nbsp;&nbsp;&nbsp; 6256714, 5.240%, 6/26/2024 †x¶#^ | Square | 12/29/2022 | 360 | 334 | 27 |
| &nbsp;&nbsp;&nbsp; 6256918, 5.376%, 6/26/2024 †x¶#^ | Square | 12/29/2022 | 9188 | 8502 | 680 |
| &nbsp;&nbsp;&nbsp; 6256960, 5.762%, 6/26/2024 †x¶#^ | Square | 12/29/2022 | 2836 | 2611 | 210 |
| &nbsp;&nbsp;&nbsp; 6257316, 5.252%, 6/27/2024 †x¶#^ | Square | 12/29/2022 | 59622 | 55268 | 4412 |
| &nbsp;&nbsp;&nbsp; 6257678585, 19.732%, 11/12/2025 †x¥#^ | Stripe | 5/17/2024 | 34594 | 35978 | 1730 |
| &nbsp;&nbsp;&nbsp; 6258953, 5.438%, 6/27/2024 †x¶#^ | Square | 12/29/2022 | 1897 | 1754 | 140 |
| &nbsp;&nbsp;&nbsp; 6259299, 4.976%, 6/27/2024 †x¶#^ | Square | 12/29/2022 | 1566 | 1465 | 116 |
| &nbsp;&nbsp;&nbsp; 6260025226, 12.800%, 12/31/2023 †x¥#^ | Stripe | 5/06/2022 | 86226 | 89675 | 4311 |
| &nbsp;&nbsp;&nbsp; 6260179, 5.126%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 1057 | 981 | 78 |
| &nbsp;&nbsp;&nbsp; 6260325, 5.252%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 350 | 325 | 26 |
| &nbsp;&nbsp;&nbsp; 6260500119, 26.526%, 12/27/2024 †x¥#^ | Stripe | 7/05/2023 | 335 | 348 | 17 |
| &nbsp;&nbsp;&nbsp; 6260570, 5.448%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 556 | 514 | 41 |
| &nbsp;&nbsp;&nbsp; 6261473, 5.748%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 288 | 265 | 21 |
| &nbsp;&nbsp;&nbsp; 6261900, 5.471%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 8888 | 8214 | 658 |
| &nbsp;&nbsp;&nbsp; 6262325, 5.379%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 8119 | 7513 | 601 |
| &nbsp;&nbsp;&nbsp; 6262358318, 26.530%, 10/24/2025 †x¥#^ | Stripe | 4/30/2024 | 1337 | 1391 | 67 |
| &nbsp;&nbsp;&nbsp; 6262381, 5.599%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 8164 | 7531 | 604 |
| &nbsp;&nbsp;&nbsp; 6262449, 4.748%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 69301 | 64710 | 5128 |
| &nbsp;&nbsp;&nbsp; 6262639, 5.660%, 6/28/2024 †x¶#^ | Square | 12/30/2022 | 9160 | 8448 | 678 |
| &nbsp;&nbsp;&nbsp; 6263702174, 22.507%, 4/04/2025 †x¥#^ | Stripe | 10/11/2023 | 571 | 594 | 29 |
| &nbsp;&nbsp;&nbsp; 626509435, 21.600%, 10/17/2024 †x¥#^ | Stripe | 4/24/2023 | 1914 | 1990 | 96 |
| &nbsp;&nbsp;&nbsp; 6265731, 4.746%, 6/29/2024 †x¶#^ | Square | 1/03/2023 | 1479 | 1381 | 109 |
| &nbsp;&nbsp;&nbsp; 6267384, 5.258%, 6/29/2024 †x¶#^ | Square | 1/03/2023 | 1282 | 1188 | 95 |
| &nbsp;&nbsp;&nbsp; 6267411, 5.763%, 6/29/2024 †x¶#^ | Square | 1/03/2023 | 140 | 136 | 10 |
| &nbsp;&nbsp;&nbsp; 6267463, 4.969%, 6/29/2024 †x¶#^ | Square | 1/03/2023 | 18471 | 17190 | 1367 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6174** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6267947, 5.582%, 6/29/2024 †x¶#^ | Square | 1/03/2023 | $659 | $608 | $49 |
| &nbsp;&nbsp;&nbsp; 6268425, 5.283%, 6/30/2024 †x¶#^ | Square | 1/04/2023 | 714 | 662 | 53 |
| &nbsp;&nbsp;&nbsp; 6269490838, 19.333%, 2/10/2027 †x¥ | Stripe | 8/15/2025 | 11202 | 11651 | 11896 |
| &nbsp;&nbsp;&nbsp; 6269704, 5.472%, 6/30/2024 †x¶#^ | Square | 1/04/2023 | 268 | 248 | 20 |
| &nbsp;&nbsp;&nbsp; 6270257, 4.528%, 6/30/2024 †x¶#^ | Square | 1/04/2023 | 7731 | 7239 | 572 |
| &nbsp;&nbsp;&nbsp; 6271138, 5.749%, 6/30/2024 †x¶#^ | Square | 1/05/2023 | 1366 | 1258 | 101 |
| &nbsp;&nbsp;&nbsp; 6271337, 4.748%, 7/01/2024 †x¶#^ | Square | 1/05/2023 | 3171 | 2960 | 235 |
| &nbsp;&nbsp;&nbsp; 6271798, 5.475%, 7/02/2024 †x¶#^ | Square | 1/05/2023 | 1752 | 1619 | 130 |
| &nbsp;&nbsp;&nbsp; 6271883253, 19.733%, 5/02/2024 †x¥#^ | Stripe | 11/07/2022 | 387 | 403 | 19 |
| &nbsp;&nbsp;&nbsp; 6271987, 5.746%, 7/02/2024 †x¶#^ | Square | 1/05/2023 | 1348 | 1241 | 100 |
| &nbsp;&nbsp;&nbsp; 6272022, 5.755%, 7/02/2024 †x¶#^ | Square | 1/05/2023 | 5947 | 5474 | 440 |
| &nbsp;&nbsp;&nbsp; 6272065596, 16.000%, 12/25/2026 †x¥ | Stripe | 7/01/2025 | 11527 | 11988 | 12156 |
| &nbsp;&nbsp;&nbsp; 6272688, 5.660%, 7/02/2024 †x¶#^ | Square | 1/05/2023 | 371 | 342 | 27 |
| &nbsp;&nbsp;&nbsp; 6273779, 5.592%, 7/03/2024 †x¶#^ | Square | 1/05/2023 | 1726 | 1593 | 128 |
| &nbsp;&nbsp;&nbsp; 6273804082, 24.000%, 9/12/2023 †x¥#^ | Stripe | 3/17/2022 | 6055 | 6297 | 303 |
| &nbsp;&nbsp;&nbsp; 6274438953, 21.591%, 6/05/2024 †x¥#^ | Stripe | 12/09/2022 | 6169 | 6416 | 308 |
| &nbsp;&nbsp;&nbsp; 6274856946, 19.733%, 12/27/2023 †x¥#^ | Stripe | 7/01/2022 | 5544 | 5766 | 277 |
| &nbsp;&nbsp;&nbsp; 6275249, 4.970%, 7/03/2024 †x¶#^ | Square | 1/05/2023 | 1378 | 1282 | 102 |
| &nbsp;&nbsp;&nbsp; 6275709, 5.371%, 7/03/2024 †x¶#^ | Square | 1/05/2023 | 3522 | 3260 | 261 |
| &nbsp;&nbsp;&nbsp; 6275741, 5.377%, 7/03/2024 †x¶#^ | Square | 1/05/2023 | 22828 | 21124 | 1689 |
| &nbsp;&nbsp;&nbsp; 6275930, 5.751%, 7/04/2024 †x¶#^ | Square | 1/06/2023 | 3837 | 3532 | 284 |
| &nbsp;&nbsp;&nbsp; 6277768, 4.729%, 7/04/2024 †x¶#^ | Square | 1/06/2023 | 388 | 362 | 29 |
| &nbsp;&nbsp;&nbsp; 6278381, 5.126%, 7/04/2024 †x¶#^ | Square | 1/06/2023 | 9417 | 8744 | 697 |
| &nbsp;&nbsp;&nbsp; 627955455, 19.596%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 10086 | 10591 | 10600 |
| &nbsp;&nbsp;&nbsp; 6279921, 4.972%, 7/05/2024 †x¶#^ | Square | 1/09/2023 | 1120 | 1042 | 83 |
| &nbsp;&nbsp;&nbsp; 6279967, 5.378%, 7/05/2024 †x¶#^ | Square | 1/09/2023 | 12895 | 11933 | 954 |
| &nbsp;&nbsp;&nbsp; 6280177, 5.124%, 7/05/2024 †x¶#^ | Square | 1/09/2023 | 12037 | 11178 | 891 |
| &nbsp;&nbsp;&nbsp; 6280379, 4.527%, 7/05/2024 †x¶#^ | Square | 1/09/2023 | 7025 | 6579 | 520 |
| &nbsp;&nbsp;&nbsp; 6281762, 4.972%, 7/05/2024 †x¶#^ | Square | 1/09/2023 | 2528 | 2353 | 187 |
| &nbsp;&nbsp;&nbsp; 6282142, 5.600%, 7/05/2024 †x¶#^ | Square | 1/09/2023 | 7658 | 7096 | 567 |
| &nbsp;&nbsp;&nbsp; 6283590, 5.253%, 7/06/2024 †x¶#^ | Square | 1/10/2023 | 381 | 353 | 28 |
| &nbsp;&nbsp;&nbsp; 6284099, 5.412%, 7/06/2024 †x¶#^ | Square | 1/10/2023 | 87 | 81 | 6 |
| &nbsp;&nbsp;&nbsp; 6284620, 5.604%, 7/06/2024 †x¶#^ | Square | 1/10/2023 | 2998 | 2766 | 222 |
| &nbsp;&nbsp;&nbsp; 6284640, 5.660%, 7/06/2024 †x¶#^ | Square | 1/10/2023 | 3849 | 3548 | 285 |
| &nbsp;&nbsp;&nbsp; 6284709808, 26.394%, 2/27/2027 †x¥# | Stripe | 1/09/2025 | 6009 | 6250 | 300 |
| &nbsp;&nbsp;&nbsp; 6284908, 5.732%, 7/06/2024 †x¶#^ | Square | 1/10/2023 | 1134 | 1045 | 84 |
| &nbsp;&nbsp;&nbsp; 6286068, 5.592%, 7/07/2024 †x¶#^ | Square | 1/11/2023 | 3649 | 3366 | 270 |
| &nbsp;&nbsp;&nbsp; 6286327735, 20.000%, 5/16/2026 †x¥# | Stripe | 11/20/2024 | 5857 | 6092 | 293 |
| &nbsp;&nbsp;&nbsp; 6286558, 5.660%, 7/08/2024 †x¶#^ | Square | 1/11/2023 | 3086 | 2870 | 228 |
| &nbsp;&nbsp;&nbsp; 6288538, 5.467%, 7/09/2024 †x¶#^ | Square | 1/11/2023 | 635 | 587 | 47 |
| &nbsp;&nbsp;&nbsp; 6288943, 5.612%, 7/09/2024 †x¶#^ | Square | 1/11/2023 | 327 | 302 | 24 |
| &nbsp;&nbsp;&nbsp; 6289183162, 21.197%, 12/04/2025 †x¥#^ | Stripe | 6/10/2024 | 17246 | 17935 | 862 |
| &nbsp;&nbsp;&nbsp; 6289886, 4.973%, 7/10/2024 †x¶#^ | Square | 1/12/2023 | 6158 | 5730 | 456 |
| &nbsp;&nbsp;&nbsp; 6289972, 4.969%, 7/10/2024 †x¶#^ | Square | 1/12/2023 | 9514 | 8854 | 704 |
| &nbsp;&nbsp;&nbsp; 6291959, 5.746%, 7/10/2024 †x¶#^ | Square | 1/12/2023 | 1414 | 1302 | 105 |
| &nbsp;&nbsp;&nbsp; 6292057, 5.126%, 7/10/2024 †x¶#^ | Square | 1/12/2023 | 1714 | 1591 | 127 |
| &nbsp;&nbsp;&nbsp; 6292355543, 19.060%, 10/05/2024 †x¥#^ | Stripe | 4/12/2023 | 3820 | 3973 | 191 |
| &nbsp;&nbsp;&nbsp; 6293646123, 15.200%, 2/25/2027 †x¥ | Stripe | 9/02/2025 | 9616 | 10001 | 10180 |
| &nbsp;&nbsp;&nbsp; 6293766, 4.752%, 7/11/2024 †x¶#^ | Square | 1/13/2023 | 1075 | 1004 | 80 |
| &nbsp;&nbsp;&nbsp; 6294251, 5.458%, 7/11/2024 †x¶#^ | Square | 1/13/2023 | 1062 | 982 | 79 |
| &nbsp;&nbsp;&nbsp; 6294258, 5.446%, 7/11/2024 †x¶#^ | Square | 1/13/2023 | 334 | 309 | 25 |
| &nbsp;&nbsp;&nbsp; 6295110988, 20.267%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 6936 | 7213 | 347 |
| &nbsp;&nbsp;&nbsp; 6295402544, 21.725%, 11/20/2024 †x¥#^ | Stripe | 5/26/2023 | 1020 | 1061 | 51 |
| &nbsp;&nbsp;&nbsp; 6297760, 4.743%, 7/12/2024 †x¶#^ | Square | 1/17/2023 | 1544 | 1442 | 114 |
| &nbsp;&nbsp;&nbsp; 6298324385, 16.131%, 9/09/2026 †x¥ | Stripe | 3/14/2025 | 4339 | 4513 | 4566 |
| &nbsp;&nbsp;&nbsp; 6299204, 5.670%, 7/12/2024 †x¶#^ | Square | 1/17/2023 | 3193 | 2943 | 236 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6175** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6299936351, 26.526%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | $2632 | $2763 | $2778 |
| &nbsp;&nbsp;&nbsp; 6300183, 5.249%, 7/12/2024 †x¶#^ | Square | 1/17/2023 | 10907 | 10111 | 807 |
| &nbsp;&nbsp;&nbsp; 6300241, 5.596%, 7/12/2024 †x¶#^ | Square | 1/17/2023 | 6485 | 5983 | 480 |
| &nbsp;&nbsp;&nbsp; 6300261, 5.446%, 7/12/2024 †x¶#^ | Square | 1/17/2023 | 1901 | 1759 | 141 |
| &nbsp;&nbsp;&nbsp; 6300281786, 21.066%, 10/13/2023 †x¥#^ | Stripe | 4/19/2022 | 27846 | 28960 | 1392 |
| &nbsp;&nbsp;&nbsp; 6301255, 4.970%, 7/13/2024 †x¶#^ | Square | 1/18/2023 | 4178 | 3888 | 309 |
| &nbsp;&nbsp;&nbsp; 6301284, 4.749%, 7/13/2024 †x¶#^ | Square | 1/18/2023 | 25931 | 24207 | 1919 |
| &nbsp;&nbsp;&nbsp; 6302652, 5.745%, 7/13/2024 †x¶#^ | Square | 1/18/2023 | 710 | 656 | 53 |
| &nbsp;&nbsp;&nbsp; 6302777, 5.753%, 7/13/2024 †x¶#^ | Square | 1/18/2023 | 2168 | 1996 | 160 |
| &nbsp;&nbsp;&nbsp; 6304040, 5.754%, 7/14/2024 †x¶#^ | Square | 1/19/2023 | 14935 | 13820 | 1105 |
| &nbsp;&nbsp;&nbsp; 6304075, 5.436%, 7/14/2024 †x¶#^ | Square | 1/19/2023 | 357 | 330 | 26 |
| &nbsp;&nbsp;&nbsp; 6304202, 4.530%, 7/14/2024 †x¶#^ | Square | 1/19/2023 | 3019 | 2827 | 223 |
| &nbsp;&nbsp;&nbsp; 6304483, 4.527%, 7/15/2024 †x¶#^ | Square | 1/19/2023 | 4944 | 4629 | 366 |
| &nbsp;&nbsp;&nbsp; 6304496076, 18.000%, 12/12/2026 †x¥ | Stripe | 6/18/2025 | 2579 | 2683 | 2730 |
| &nbsp;&nbsp;&nbsp; 6304674, 5.691%, 7/15/2024 †x¶#^ | Square | 1/19/2023 | 401 | 369 | 30 |
| &nbsp;&nbsp;&nbsp; 6304990, 5.599%, 7/16/2024 †x¶#^ | Square | 1/19/2023 | 7232 | 6671 | 535 |
| &nbsp;&nbsp;&nbsp; 6305216, 4.969%, 7/16/2024 †x¶#^ | Square | 1/19/2023 | 566 | 527 | 42 |
| &nbsp;&nbsp;&nbsp; 6305776, 5.473%, 7/16/2024 †x¶#^ | Square | 1/19/2023 | 8283 | 7693 | 613 |
| &nbsp;&nbsp;&nbsp; 6305824, 4.756%, 7/16/2024 †x¶#^ | Square | 1/19/2023 | 1414 | 1330 | 105 |
| &nbsp;&nbsp;&nbsp; 6306266, 4.528%, 7/17/2024 †x¶#^ | Square | 1/19/2023 | 5002 | 4683 | 370 |
| &nbsp;&nbsp;&nbsp; 6306820, 5.446%, 7/17/2024 †x¶#^ | Square | 1/19/2023 | 948 | 876 | 70 |
| &nbsp;&nbsp;&nbsp; 6307319, 4.748%, 7/17/2024 †x¶#^ | Square | 1/19/2023 | 93740 | 87507 | 6937 |
| &nbsp;&nbsp;&nbsp; 6307462, 5.756%, 7/17/2024 †x¶#^ | Square | 1/19/2023 | 9987 | 9193 | 739 |
| &nbsp;&nbsp;&nbsp; 6308004514, 24.530%, 12/19/2024 †x¥#^ | Stripe | 6/26/2023 | 8512 | 8853 | 426 |
| &nbsp;&nbsp;&nbsp; 6308285, 4.969%, 7/17/2024 †x¶#^ | Square | 1/19/2023 | 11763 | 10947 | 870 |
| &nbsp;&nbsp;&nbsp; 6308382, 5.598%, 7/17/2024 †x¶#^ | Square | 1/19/2023 | 16012 | 14771 | 1185 |
| &nbsp;&nbsp;&nbsp; 6308534, 5.660%, 7/18/2024 †x¶#^ | Square | 1/20/2023 | 2316 | 2135 | 171 |
| &nbsp;&nbsp;&nbsp; 6308649, 5.250%, 7/18/2024 †x¶#^ | Square | 1/20/2023 | 8511 | 7936 | 630 |
| &nbsp;&nbsp;&nbsp; 6309696, 4.769%, 7/18/2024 †x¶#^ | Square | 1/20/2023 | 450 | 420 | 33 |
| &nbsp;&nbsp;&nbsp; 6310896, 4.749%, 7/18/2024 †x¶#^ | Square | 1/20/2023 | 37998 | 35471 | 2812 |
| &nbsp;&nbsp;&nbsp; 6311038413, 20.393%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 10229 | 10639 | 10738 |
| &nbsp;&nbsp;&nbsp; 6311386294, 25.600%, 12/09/2026 †x¥ | Stripe | 6/13/2025 | 2619 | 2724 | 1517 |
| &nbsp;&nbsp;&nbsp; 6312858573, 14.667%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 13468 | 14141 | 14145 |
| &nbsp;&nbsp;&nbsp; 6313305, 5.755%, 7/19/2024 †x¶#^ | Square | 1/23/2023 | 3644 | 3355 | 270 |
| &nbsp;&nbsp;&nbsp; 6314288448, 23.333%, 1/10/2026 †x¥#^ | Stripe | 7/17/2024 | 3885 | 4040 | 194 |
| &nbsp;&nbsp;&nbsp; 6314776, 5.748%, 7/19/2024 †x¶#^ | Square | 1/23/2023 | 542 | 499 | 40 |
| &nbsp;&nbsp;&nbsp; 631526481, 26.531%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 3278 | 3409 | 164 |
| &nbsp;&nbsp;&nbsp; 6315509, 5.254%, 7/19/2024 †x¶#^ | Square | 1/23/2023 | 215 | 199 | 16 |
| &nbsp;&nbsp;&nbsp; 6315824, 5.758%, 7/19/2024 †x¶#^ | Square | 1/23/2023 | 351 | 324 | 26 |
| &nbsp;&nbsp;&nbsp; 6316348860, 25.583%, 2/03/2027 †x¥ | Stripe | 8/08/2025 | 3657 | 3803 | 2114 |
| &nbsp;&nbsp;&nbsp; 6316672, 4.968%, 7/20/2024 †x¶#^ | Square | 1/24/2023 | 11975 | 11145 | 886 |
| &nbsp;&nbsp;&nbsp; 6317249528, 24.267%, 12/19/2025 †x¥#^ | Stripe | 6/25/2024 | 311 | 324 | 16 |
| &nbsp;&nbsp;&nbsp; 6318728, 5.434%, 7/20/2024 †x¶#^ | Square | 1/24/2023 | 3137 | 2901 | 232 |
| &nbsp;&nbsp;&nbsp; 6318905265, 17.981%, 2/10/2027 †x¥ | Stripe | 8/15/2025 | 2106 | 2190 | 2223 |
| &nbsp;&nbsp;&nbsp; 6319314, 5.754%, 7/21/2024 †x¶#^ | Square | 1/25/2023 | 33383 | 30730 | 2470 |
| &nbsp;&nbsp;&nbsp; 6319662, 4.780%, 7/21/2024 †x¶#^ | Square | 1/25/2023 | 77 | 72 | 6 |
| &nbsp;&nbsp;&nbsp; 6319667, 4.748%, 7/21/2024 †x¶#^ | Square | 1/25/2023 | 3040 | 2838 | 225 |
| &nbsp;&nbsp;&nbsp; 6319892, 5.593%, 7/21/2024 †x¶#^ | Square | 1/25/2023 | 417 | 385 | 31 |
| &nbsp;&nbsp;&nbsp; 6320396, 5.128%, 7/22/2024 †x¶#^ | Square | 1/25/2023 | 6949 | 6453 | 514 |
| &nbsp;&nbsp;&nbsp; 6320447, 5.255%, 7/22/2024 †x¶#^ | Square | 1/25/2023 | 2917 | 2704 | 216 |
| &nbsp;&nbsp;&nbsp; 6320540, 5.593%, 7/22/2024 †x¶#^ | Square | 1/25/2023 | 952 | 878 | 70 |
| &nbsp;&nbsp;&nbsp; 6320544901, 24.000%, 4/12/2023 †x¥#^ | Stripe | 10/15/2021 | 14010 | 14571 | 701 |
| &nbsp;&nbsp;&nbsp; 6320913, 5.660%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 716 | 660 | 53 |
| &nbsp;&nbsp;&nbsp; 6320915, 5.666%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 5401 | 4978 | 400 |
| &nbsp;&nbsp;&nbsp; 6321240, 5.382%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 308 | 285 | 23 |
| &nbsp;&nbsp;&nbsp; 6321291, 5.249%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 2262 | 2097 | 167 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6176** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6322035, 5.374%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | $6147 | $5688 | $455 |
| &nbsp;&nbsp;&nbsp; 6323749, 5.388%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 1143 | 1057 | 85 |
| &nbsp;&nbsp;&nbsp; 6324568, 5.759%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 5488 | 5052 | 406 |
| &nbsp;&nbsp;&nbsp; 63246518, 26.532%, 6/16/2026 †x¥ | Stripe | 12/19/2024 | 941 | 979 | 1011 |
| &nbsp;&nbsp;&nbsp; 6327262784, 26.527%, 5/15/2027 †x¥# | Stripe | 3/12/2025 | 9690 | 10077 | 3957 |
| &nbsp;&nbsp;&nbsp; 6330261217, 22.784%, 8/06/2024 †x¥#^ | Stripe | 2/09/2023 | 5067 | 5269 | 253 |
| &nbsp;&nbsp;&nbsp; 6331138642, 19.984%, 8/11/2023 †x¥#^ | Stripe | 2/15/2022 | 1348 | 1402 | 67 |
| &nbsp;&nbsp;&nbsp; 6331598269, 21.417%, 1/22/2025 †x¥#^ | Stripe | 7/28/2023 | 681 | 708 | 34 |
| &nbsp;&nbsp;&nbsp; 6332417951, 25.993%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 8752 | 9190 | 9190 |
| &nbsp;&nbsp;&nbsp; 6332650728, 24.000%, 9/08/2023 †x¥#^ | Stripe | 3/15/2022 | 2112 | 2197 | 106 |
| &nbsp;&nbsp;&nbsp; 6338459, 5.760%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 3597 | 3311 | 266 |
| &nbsp;&nbsp;&nbsp; 6343543447, 17.333%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 58129 | 61036 | 61036 |
| &nbsp;&nbsp;&nbsp; 6343678387, 19.333%, 1/15/2027 †x¥ | Stripe | 7/22/2025 | 1972 | 2051 | 2100 |
| &nbsp;&nbsp;&nbsp; 6345158098, 23.581%, 6/03/2025 †x¥#^ | Stripe | 12/07/2023 | 2100 | 2184 | 105 |
| &nbsp;&nbsp;&nbsp; 6351356, 5.251%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 15341 | 14221 | 1135 |
| &nbsp;&nbsp;&nbsp; 6351794, 5.377%, 7/23/2024 †x¶#^ | Square | 1/25/2023 | 79446 | 73516 | 5879 |
| &nbsp;&nbsp;&nbsp; 6351994, 5.249%, 7/24/2024 †x¶#^ | Square | 1/26/2023 | 1733 | 1607 | 128 |
| &nbsp;&nbsp;&nbsp; 6352037, 5.471%, 7/24/2024 †x¶#^ | Square | 1/26/2023 | 9877 | 9128 | 731 |
| &nbsp;&nbsp;&nbsp; 6352944, 5.380%, 7/24/2024 †x¶#^ | Square | 1/26/2023 | 2203 | 2039 | 163 |
| &nbsp;&nbsp;&nbsp; 6353112, 4.747%, 7/24/2024 †x¶#^ | Square | 1/26/2023 | 865 | 807 | 64 |
| &nbsp;&nbsp;&nbsp; 6353118, 5.474%, 7/24/2024 †x¶#^ | Square | 1/26/2023 | 305 | 282 | 23 |
| &nbsp;&nbsp;&nbsp; 6353163823, 17.867%, 11/28/2026 †x¥ | Stripe | 6/04/2025 | 4974 | 5173 | 5282 |
| &nbsp;&nbsp;&nbsp; 6354962726, 15.867%, 10/17/2023 †x¥#^ | Stripe | 4/21/2022 | 9298 | 9670 | 465 |
| &nbsp;&nbsp;&nbsp; 6356058, 5.250%, 7/25/2024 †x¶#^ | Square | 1/27/2023 | 12292 | 11395 | 910 |
| &nbsp;&nbsp;&nbsp; 6357732152, 20.396%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 11904 | 12499 | 12499 |
| &nbsp;&nbsp;&nbsp; 6359510, 5.759%, 7/26/2024 †x¶#^ | Square | 1/30/2023 | 190 | 175 | 14 |
| &nbsp;&nbsp;&nbsp; 6359514, 5.379%, 7/26/2024 †x¶#^ | Square | 1/30/2023 | 10123 | 9368 | 749 |
| &nbsp;&nbsp;&nbsp; 6359618, 5.124%, 7/26/2024 †x¶#^ | Square | 1/30/2023 | 8905 | 8270 | 659 |
| &nbsp;&nbsp;&nbsp; 6360948, 5.445%, 7/26/2024 †x¶#^ | Square | 1/30/2023 | 2698 | 2494 | 200 |
| &nbsp;&nbsp;&nbsp; 6361281, 4.523%, 7/26/2024 †x¶#^ | Square | 1/30/2023 | 1232 | 1154 | 91 |
| &nbsp;&nbsp;&nbsp; 6361407, 5.770%, 7/26/2024 †x¶#^ | Square | 1/30/2023 | 1539 | 1417 | 114 |
| &nbsp;&nbsp;&nbsp; 6361885, 5.755%, 7/26/2024 †x¶#^ | Square | 1/30/2023 | 1685 | 1551 | 125 |
| &nbsp;&nbsp;&nbsp; 6362363999, 19.467%, 5/03/2023 †x¥#^ | Stripe | 11/05/2021 | 3667 | 3814 | 183 |
| &nbsp;&nbsp;&nbsp; 6367129248, 26.526%, 8/19/2026 †x¥# | Stripe | 2/21/2025 | 594 | 617 | 115 |
| &nbsp;&nbsp;&nbsp; 6369343, 5.126%, 7/30/2024 †x¶#^ | Square | 2/01/2023 | 75799 | 70387 | 5609 |
| &nbsp;&nbsp;&nbsp; 6375465, 5.126%, 8/01/2024 †x¶#^ | Square | 2/03/2023 | 84357 | 78334 | 6242 |
| &nbsp;&nbsp;&nbsp; 6376545998, 19.059%, 6/18/2025 †x¥#^ | Stripe | 12/22/2023 | 2092 | 2175 | 105 |
| &nbsp;&nbsp;&nbsp; 6380701, 4.748%, 8/02/2024 †x¶#^ | Square | 2/06/2023 | 21289 | 19874 | 1575 |
| &nbsp;&nbsp;&nbsp; 6380780054, 21.460%, 8/06/2025 †x¥#^ | Stripe | 2/09/2024 | 649 | 675 | 32 |
| &nbsp;&nbsp;&nbsp; 638126769, 26.523%, 2/03/2027 †x¥ | Stripe | 8/08/2025 | 1812 | 1885 | 1908 |
| &nbsp;&nbsp;&nbsp; 6383458947, 25.333%, 9/19/2024 †x¥#^ | Stripe | 3/27/2023 | 4831 | 5024 | 242 |
| &nbsp;&nbsp;&nbsp; 6396551570, 18.000%, 6/26/2025 †x¥#^ | Stripe | 1/02/2024 | 1097 | 1141 | 55 |
| &nbsp;&nbsp;&nbsp; 6396654380, 24.533%, 1/13/2026 †x¥#^ | Stripe | 7/18/2024 | 2115 | 2200 | 106 |
| &nbsp;&nbsp;&nbsp; 63b49123-4e59-46a3-b229-62d54900cc65, 10.490%, 4/12/2023 †x#^ | Funding Circle | 4/16/2018 | 2406 | 2406 | 722 |
| &nbsp;&nbsp;&nbsp; 6400268423, 18.087%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 421 | 438 | 447 |
| &nbsp;&nbsp;&nbsp; 6400562212, 16.000%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 3355 | 3523 | 3527 |
| &nbsp;&nbsp;&nbsp; 6401172, 4.748%, 8/10/2024 †x¶#^ | Square | 2/14/2023 | 22623 | 21119 | 1674 |
| &nbsp;&nbsp;&nbsp; 6401315384, 20.929%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 7464 | 7762 | 373 |
| &nbsp;&nbsp;&nbsp; 6403494231, 17.597%, 7/09/2026 †x¥ | Stripe | 1/13/2025 | 7845 | 8159 | 8285 |
| &nbsp;&nbsp;&nbsp; 6409165812, 26.333%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 1192 | 1239 | 60 |
| &nbsp;&nbsp;&nbsp; 6419854, 5.377%, 8/16/2024 †x¶#^ | Square | 2/21/2023 | 87679 | 81134 | 6488 |
| &nbsp;&nbsp;&nbsp; 6420018563, 20.133%, 7/26/2025 †x¥#^ | Stripe | 4/20/2023 | 12091 | 12575 | 605 |
| &nbsp;&nbsp;&nbsp; 6423515106, 17.563%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 587 | 610 | 620 |
| &nbsp;&nbsp;&nbsp; 6423645, 5.472%, 8/17/2024 †x¶#^ | Square | 2/22/2023 | 52274 | 48311 | 3868 |
| &nbsp;&nbsp;&nbsp; 6423685633, 19.467%, 9/13/2024 †x¥#^ | Stripe | 6/27/2022 | 19098 | 19862 | 955 |
| &nbsp;&nbsp;&nbsp; 6424154259, 17.866%, 9/20/2026 †x¥# | Stripe | 1/24/2025 | 74408 | 77385 | 13733 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6177** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6424800720, 26.526%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | $3795 | $3984 | $3984 |
| &nbsp;&nbsp;&nbsp; 6425439127, 17.196%, 7/20/2024 †x¥#^ | Stripe | 1/25/2023 | 2636 | 2741 | 132 |
| &nbsp;&nbsp;&nbsp; 6428758676, 21.600%, 11/21/2025 †x¥#^ | Stripe | 5/29/2024 | 3364 | 3499 | 168 |
| &nbsp;&nbsp;&nbsp; 6430352005, 26.493%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 1704 | 1789 | 1795 |
| &nbsp;&nbsp;&nbsp; 6431250595, 20.933%, 2/14/2024 †x¥#^ | Stripe | 8/19/2022 | 871 | 906 | 44 |
| &nbsp;&nbsp;&nbsp; 6434904709, 20.400%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 16587 | 17417 | 17474 |
| &nbsp;&nbsp;&nbsp; 6439398, 4.748%, 8/23/2024 †x¶#^ | Square | 2/27/2023 | 20406 | 19049 | 1510 |
| &nbsp;&nbsp;&nbsp; 6445356, 5.761%, 8/26/2024 †x¶#^ | Square | 3/01/2023 | 1247 | 1148 | 92 |
| &nbsp;&nbsp;&nbsp; 6445412, 5.762%, 8/26/2024 †x¶#^ | Square | 3/01/2023 | 848 | 780 | 63 |
| &nbsp;&nbsp;&nbsp; 6446307, 5.468%, 8/27/2024 †x¶#^ | Square | 3/01/2023 | 1729 | 1598 | 128 |
| &nbsp;&nbsp;&nbsp; 6446578, 5.448%, 8/27/2024 †x¶#^ | Square | 3/01/2023 | 1830 | 1691 | 135 |
| &nbsp;&nbsp;&nbsp; 6447802621, 25.598%, 3/19/2027 †x¥ | Stripe | 9/23/2025 | 7193 | 7481 | 7578 |
| &nbsp;&nbsp;&nbsp; 6449491, 4.971%, 8/28/2024 †x¶#^ | Square | 3/02/2023 | 6333 | 5893 | 469 |
| &nbsp;&nbsp;&nbsp; 6450010964, 18.133%, 10/05/2024 †x¥#^ | Stripe | 4/12/2023 | 84452 | 87830 | 4223 |
| &nbsp;&nbsp;&nbsp; 6450934555, 22.667%, 9/22/2023 †x¥#^ | Stripe | 11/30/2021 | 3795 | 3947 | 190 |
| &nbsp;&nbsp;&nbsp; 6451133501, 26.476%, 8/22/2026 †x¥ | Stripe | 2/26/2025 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; 6451260477, 17.733%, 3/31/2024 †x¥#^ | Stripe | 2/08/2022 | 1185 | 1232 | 59 |
| &nbsp;&nbsp;&nbsp; 6451496, 4.526%, 8/28/2024 †x¶#^ | Square | 3/02/2023 | 1066 | 998 | 79 |
| &nbsp;&nbsp;&nbsp; 6451928, 5.251%, 8/28/2024 †x¶#^ | Square | 3/02/2023 | 10124 | 9385 | 749 |
| &nbsp;&nbsp;&nbsp; 6452536, 4.529%, 8/28/2024 †x¶#^ | Square | 3/02/2023 | 9247 | 8659 | 684 |
| &nbsp;&nbsp;&nbsp; 6452831, 5.128%, 9/01/2024 †x¶#^ | Square | 3/03/2023 | 666 | 619 | 49 |
| &nbsp;&nbsp;&nbsp; 6453052, 4.753%, 9/01/2024 †x¶#^ | Square | 3/03/2023 | 5529 | 5161 | 409 |
| &nbsp;&nbsp;&nbsp; 6453096, 5.440%, 9/01/2024 †x¶#^ | Square | 3/03/2023 | 12796 | 11831 | 947 |
| &nbsp;&nbsp;&nbsp; 6454108, 4.969%, 9/01/2024 †x¶#^ | Square | 3/03/2023 | 2519 | 2345 | 186 |
| &nbsp;&nbsp;&nbsp; 6454200, 5.664%, 9/01/2024 †x¶#^ | Square | 3/03/2023 | 1153 | 1062 | 85 |
| &nbsp;&nbsp;&nbsp; 6454248, 5.663%, 9/01/2024 †x¶#^ | Square | 3/03/2023 | 6492 | 5984 | 480 |
| &nbsp;&nbsp;&nbsp; 6454587242, 22.259%, 5/13/2025 †x¥#^ | Stripe | 11/16/2023 | 5851 | 6085 | 293 |
| &nbsp;&nbsp;&nbsp; 6454740384, 18.667%, 1/06/2025 †x¥#^ | Stripe | 5/15/2023 | 498 | 518 | 25 |
| &nbsp;&nbsp;&nbsp; 6455090, 5.660%, 9/01/2024 †x¶#^ | Square | 3/03/2023 | 218 | 201 | 16 |
| &nbsp;&nbsp;&nbsp; 6456171522, 14.932%, 12/01/2026 †x¥ | Stripe | 6/05/2025 | 5351 | 5565 | 5621 |
| &nbsp;&nbsp;&nbsp; 64588e14-c7c5-4242-8c7d-a14db6b69c81, 15.420%, 11/15/2022 †x#^ | Funding Circle | 11/17/2017 | 80455 | 80455 | 24137 |
| &nbsp;&nbsp;&nbsp; 6459386, 5.126%, 9/02/2024 †x¶#^ | Square | 3/06/2023 | 22102 | 20524 | 1636 |
| &nbsp;&nbsp;&nbsp; 6459756500, 18.927%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 8566 | 8909 | 428 |
| &nbsp;&nbsp;&nbsp; 6459767631, 26.512%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 4134 | 4341 | 4341 |
| &nbsp;&nbsp;&nbsp; 6460973, 5.376%, 9/03/2024 †x¶#^ | Square | 3/07/2023 | 7751 | 7744 | 574 |
| &nbsp;&nbsp;&nbsp; 6463971, 5.253%, 9/04/2024 †x¶#^ | Square | 3/08/2023 | 7018 | 6506 | 519 |
| &nbsp;&nbsp;&nbsp; 6464113, 4.972%, 9/04/2024 †x¶#^ | Square | 3/08/2023 | 4899 | 4559 | 363 |
| &nbsp;&nbsp;&nbsp; 6464852, 5.380%, 9/05/2024 †x¶#^ | Square | 3/08/2023 | 1591 | 1472 | 118 |
| &nbsp;&nbsp;&nbsp; 6465227, 5.451%, 9/05/2024 †x¶#^ | Square | 3/08/2023 | 488 | 451 | 36 |
| &nbsp;&nbsp;&nbsp; 6465958082, 26.515%, 6/24/2026 †x¥# | Stripe | 12/30/2024 | 1435 | 1493 | 277 |
| &nbsp;&nbsp;&nbsp; 6467112549, 26.529%, 7/15/2026 †x¥# | Stripe | 1/17/2025 | 6062 | 6304 | 1161 |
| &nbsp;&nbsp;&nbsp; 6467648, 5.597%, 9/06/2024 †x¶#^ | Square | 3/08/2023 | 5525 | 5097 | 409 |
| &nbsp;&nbsp;&nbsp; 6467787, 5.439%, 9/06/2024 †x¶#^ | Square | 3/08/2023 | 6586 | 6089 | 487 |
| &nbsp;&nbsp;&nbsp; 6468340, 5.674%, 9/06/2024 †x¶#^ | Square | 3/08/2023 | 834 | 770 | 62 |
| &nbsp;&nbsp;&nbsp; 6468928, 5.443%, 9/06/2024 †x¶#^ | Square | 3/08/2023 | 1816 | 1679 | 134 |
| &nbsp;&nbsp;&nbsp; 6469077, 5.593%, 9/07/2024 †x¶#^ | Square | 3/09/2023 | 1654 | 1526 | 122 |
| &nbsp;&nbsp;&nbsp; 6469292, 5.254%, 9/07/2024 †x¶#^ | Square | 3/09/2023 | 1220 | 1131 | 90 |
| &nbsp;&nbsp;&nbsp; 6469705, 4.530%, 9/07/2024 †x¶#^ | Square | 3/09/2023 | 4406 | 4125 | 326 |
| &nbsp;&nbsp;&nbsp; 6470296, 5.447%, 9/07/2024 †x¶#^ | Square | 3/09/2023 | 2002 | 1851 | 148 |
| &nbsp;&nbsp;&nbsp; 6471317, 4.746%, 9/07/2024 †x¶#^ | Square | 3/09/2023 | 2078 | 1940 | 154 |
| &nbsp;&nbsp;&nbsp; 6471640, 5.436%, 9/07/2024 †x¶#^ | Square | 3/09/2023 | 1990 | 1841 | 147 |
| &nbsp;&nbsp;&nbsp; 6472881, 5.475%, 9/08/2024 †x¶#^ | Square | 3/10/2023 | 125 | 116 | 9 |
| &nbsp;&nbsp;&nbsp; 6473161, 4.746%, 9/08/2024 †x¶#^ | Square | 3/10/2023 | 1781 | 1662 | 132 |
| &nbsp;&nbsp;&nbsp; 6475285, 5.252%, 9/08/2024 †x¶#^ | Square | 3/10/2023 | 16428 | 15229 | 1216 |
| &nbsp;&nbsp;&nbsp; 6475569523, 24.000%, 6/15/2023 †x¥#^ | Stripe | 12/20/2021 | 5593 | 5817 | 280 |
| &nbsp;&nbsp;&nbsp; 6476652826, 23.062%, 11/12/2025 †x¥#^ | Stripe | 5/17/2024 | 1493 | 1553 | 75 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6178** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6477130968, 20.400%, 12/22/2026 †x¥ | Stripe | 6/26/2025 | $5579 | $5802 | $5866 |
| &nbsp;&nbsp;&nbsp; 6477225483, 18.800%, 10/08/2026 †x¥ | Stripe | 4/14/2025 | 594 | 618 | 632 |
| &nbsp;&nbsp;&nbsp; 6478454, 5.471%, 9/09/2024 †x¶#^ | Square | 3/13/2023 | 602 | 556 | 45 |
| &nbsp;&nbsp;&nbsp; 6478984, 4.529%, 9/09/2024 †x¶#^ | Square | 3/13/2023 | 10662 | 9984 | 789 |
| &nbsp;&nbsp;&nbsp; 6479952, 4.970%, 9/09/2024 †x¶#^ | Square | 3/13/2023 | 6781 | 6310 | 502 |
| &nbsp;&nbsp;&nbsp; 6482096, 5.474%, 9/10/2024 †x¶#^ | Square | 3/14/2023 | 2683 | 2479 | 199 |
| &nbsp;&nbsp;&nbsp; 6482365, 5.752%, 9/10/2024 †x¶#^ | Square | 3/14/2023 | 1765 | 1625 | 131 |
| &nbsp;&nbsp;&nbsp; 6482702, 5.660%, 9/10/2024 †x¶#^ | Square | 3/14/2023 | 42927 | 39568 | 3177 |
| &nbsp;&nbsp;&nbsp; 6483503, 5.470%, 9/10/2024 †x¶#^ | Square | 3/14/2023 | 7145 | 6604 | 529 |
| &nbsp;&nbsp;&nbsp; 6484309664, 18.394%, 9/17/2023 †x¥#^ | Stripe | 1/21/2022 | 3661 | 3807 | 183 |
| &nbsp;&nbsp;&nbsp; 6484354, 4.971%, 9/10/2024 †x¶#^ | Square | 3/14/2023 | 3555 | 3308 | 263 |
| &nbsp;&nbsp;&nbsp; 6484443, 5.384%, 9/10/2024 †x¶#^ | Square | 3/14/2023 | 2253 | 2085 | 167 |
| &nbsp;&nbsp;&nbsp; 6485548987, 20.399%, 3/10/2027 †x¥ | Stripe | 9/12/2025 | 12806 | 13318 | 13530 |
| &nbsp;&nbsp;&nbsp; 6485655, 5.750%, 9/11/2024 †x¶#^ | Square | 3/15/2023 | 1096 | 1009 | 81 |
| &nbsp;&nbsp;&nbsp; 648587386, 26.485%, 1/06/2026 †x¥#^ | Stripe | 7/11/2024 | 937 | 974 | 47 |
| &nbsp;&nbsp;&nbsp; 6486894, 5.466%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 1990 | 1839 | 147 |
| &nbsp;&nbsp;&nbsp; 6487779, 5.472%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 9570 | 8844 | 708 |
| &nbsp;&nbsp;&nbsp; 6488027, 5.379%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 3514 | 3255 | 260 |
| &nbsp;&nbsp;&nbsp; 6488610, 5.250%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 12901 | 11959 | 955 |
| &nbsp;&nbsp;&nbsp; 6488794, 5.131%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 561 | 521 | 42 |
| &nbsp;&nbsp;&nbsp; 6489285, 4.976%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 207 | 192 | 15 |
| &nbsp;&nbsp;&nbsp; 6489336, 5.031%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 290 | 269 | 21 |
| &nbsp;&nbsp;&nbsp; 6489467, 5.660%, 9/13/2024 †x¶#^ | Square | 3/15/2023 | 2257 | 2080 | 167 |
| &nbsp;&nbsp;&nbsp; 649007812, 16.267%, 2/19/2027 †x¥ | Stripe | 8/26/2025 | 3411 | 3547 | 3586 |
| &nbsp;&nbsp;&nbsp; 6490963, 5.443%, 9/14/2024 †x¶#^ | Square | 3/16/2023 | 876 | 812 | 65 |
| &nbsp;&nbsp;&nbsp; 6491903, 5.444%, 9/14/2024 †x¶#^ | Square | 3/16/2023 | 2924 | 2718 | 216 |
| &nbsp;&nbsp;&nbsp; 6492304, 5.442%, 9/14/2024 †x¶#^ | Square | 3/16/2023 | 4397 | 4065 | 325 |
| &nbsp;&nbsp;&nbsp; 6492681, 5.660%, 9/14/2024 †x¶#^ | Square | 3/16/2023 | 50904 | 46920 | 3767 |
| &nbsp;&nbsp;&nbsp; 649329754, 26.527%, 12/12/2025 †x¥#^ | Stripe | 6/18/2024 | 1292 | 1344 | 65 |
| &nbsp;&nbsp;&nbsp; 6493461, 5.599%, 9/14/2024 †x¶#^ | Square | 3/16/2023 | 9930 | 9160 | 735 |
| &nbsp;&nbsp;&nbsp; 6493659149, 20.526%, 9/28/2023 †x¥#^ | Stripe | 4/04/2022 | 4337 | 4510 | 217 |
| &nbsp;&nbsp;&nbsp; 6494016, 5.660%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 1431 | 1319 | 106 |
| &nbsp;&nbsp;&nbsp; 6494382, 4.968%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 12575 | 11703 | 931 |
| &nbsp;&nbsp;&nbsp; 6495050, 4.311%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 5112 | 4802 | 378 |
| &nbsp;&nbsp;&nbsp; 6496210, 5.471%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 26475 | 24467 | 1959 |
| &nbsp;&nbsp;&nbsp; 6496748, 4.758%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 192 | 179 | 14 |
| &nbsp;&nbsp;&nbsp; 6496762, 4.969%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 32907 | 30624 | 2435 |
| &nbsp;&nbsp;&nbsp; 6497104, 5.472%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 60555 | 55962 | 4481 |
| &nbsp;&nbsp;&nbsp; 6497130712, 12.800%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 196 | 204 | 206 |
| &nbsp;&nbsp;&nbsp; 6497165, 5.380%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 4536 | 4198 | 336 |
| &nbsp;&nbsp;&nbsp; 6497181, 4.741%, 9/15/2024 †x¶#^ | Square | 3/17/2023 | 2635 | 2461 | 195 |
| &nbsp;&nbsp;&nbsp; 6499041, 4.748%, 9/16/2024 †x¶#^ | Square | 3/20/2023 | 2865 | 2675 | 212 |
| &nbsp;&nbsp;&nbsp; 6499248008, 16.132%, 12/18/2026 †x¥# | Stripe | 10/23/2024 | 11633 | 12099 | 582 |
| &nbsp;&nbsp;&nbsp; 6503016, 5.374%, 9/17/2024 †x¶#^ | Square | 3/21/2023 | 1847 | 1722 | 137 |
| &nbsp;&nbsp;&nbsp; 6503530921, 26.532%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 23068 | 23991 | 1153 |
| &nbsp;&nbsp;&nbsp; 6504056, 5.460%, 9/17/2024 †x¶#^ | Square | 3/21/2023 | 1020 | 943 | 75 |
| &nbsp;&nbsp;&nbsp; 6504071235, 22.261%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 6840 | 7182 | 7182 |
| &nbsp;&nbsp;&nbsp; 6504463421, 25.333%, 4/19/2024 †x¥#^ | Stripe | 10/25/2022 | 26900 | 27976 | 1345 |
| &nbsp;&nbsp;&nbsp; 6505266, 4.841%, 9/17/2024 †x¶#^ | Square | 3/21/2023 | 5256 | 4900 | 389 |
| &nbsp;&nbsp;&nbsp; 6505749, 5.476%, 9/18/2024 †x¶#^ | Square | 3/22/2023 | 4313 | 3986 | 319 |
| &nbsp;&nbsp;&nbsp; 6505907, 4.843%, 9/18/2024 †x¶#^ | Square | 3/22/2023 | 456 | 425 | 34 |
| &nbsp;&nbsp;&nbsp; 6506046, 4.972%, 9/18/2024 †x¶#^ | Square | 3/22/2023 | 988 | 919 | 73 |
| &nbsp;&nbsp;&nbsp; 6508473033, 24.000%, 9/08/2023 †x¥#^ | Stripe | 3/15/2022 | 683 | 711 | 34 |
| &nbsp;&nbsp;&nbsp; 6509176, 5.383%, 9/20/2024 †x¶#^ | Square | 3/22/2023 | 1714 | 1586 | 127 |
| &nbsp;&nbsp;&nbsp; 6509602, 5.126%, 9/20/2024 †x¶#^ | Square | 3/22/2023 | 9453 | 8805 | 700 |
| &nbsp;&nbsp;&nbsp; 6509971, 5.602%, 9/20/2024 †x¶#^ | Square | 3/22/2023 | 3146 | 2902 | 233 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6179** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6510064, 5.126%, 9/20/2024 †x¶#^ | Square | 3/22/2023 | $3179 | $2952 | $235 |
| &nbsp;&nbsp;&nbsp; 6510425, 5.763%, 9/20/2024 †x¶#^ | Square | 3/22/2023 | 603 | 555 | 45 |
| &nbsp;&nbsp;&nbsp; 6512340, 5.380%, 9/21/2024 †x¶#^ | Square | 3/23/2023 | 2453 | 2269 | 181 |
| &nbsp;&nbsp;&nbsp; 6512509, 5.378%, 9/21/2024 †x¶#^ | Square | 3/23/2023 | 4937 | 4569 | 365 |
| &nbsp;&nbsp;&nbsp; 6512602, 5.252%, 9/21/2024 †x¶#^ | Square | 3/23/2023 | 4447 | 4122 | 329 |
| &nbsp;&nbsp;&nbsp; 6513327, 4.971%, 9/21/2024 †x¶#^ | Square | 3/23/2023 | 7757 | 7219 | 574 |
| &nbsp;&nbsp;&nbsp; 6514095908, 20.789%, 1/23/2027 †x¥# | Stripe | 1/30/2025 | 2105 | 2189 | 583 |
| &nbsp;&nbsp;&nbsp; 6514185, 6.164%, 9/22/2024 †x¶#^ | Square | 3/24/2023 | 1649 | 1509 | 122 |
| &nbsp;&nbsp;&nbsp; 6514422, 4.762%, 9/22/2024 †x¶#^ | Square | 3/24/2023 | 966 | 902 | 72 |
| &nbsp;&nbsp;&nbsp; 6514853, 5.448%, 9/22/2024 †x¶#^ | Square | 3/24/2023 | 1861 | 1721 | 138 |
| &nbsp;&nbsp;&nbsp; 6515544618, 19.200%, 2/10/2024 †x¥#^ | Stripe | 8/17/2022 | 9033 | 9395 | 452 |
| &nbsp;&nbsp;&nbsp; 6515721144, 24.000%, 10/11/2023 †x¥#^ | Stripe | 4/15/2022 | 1711 | 1780 | 86 |
| &nbsp;&nbsp;&nbsp; 6516316, 5.475%, 9/22/2024 †x¶#^ | Square | 3/24/2023 | 4020 | 3715 | 297 |
| &nbsp;&nbsp;&nbsp; 6516434, 5.255%, 9/22/2024 †x¶#^ | Square | 3/24/2023 | 7642 | 7084 | 566 |
| &nbsp;&nbsp;&nbsp; 6516512, 4.843%, 9/22/2024 †x¶#^ | Square | 3/24/2023 | 8922 | 8318 | 660 |
| &nbsp;&nbsp;&nbsp; 6519469, 5.601%, 9/23/2024 †x¶#^ | Square | 3/27/2023 | 3344 | 3085 | 247 |
| &nbsp;&nbsp;&nbsp; 6519573, 5.629%, 9/23/2024 †x¶#^ | Square | 3/27/2023 | 266 | 246 | 20 |
| &nbsp;&nbsp;&nbsp; 6520931, 5.126%, 9/23/2024 †x¶#^ | Square | 3/27/2023 | 21693 | 20144 | 1605 |
| &nbsp;&nbsp;&nbsp; 6521245, 6.080%, 9/23/2024 †x¶#^ | Square | 3/27/2023 | 1586 | 1454 | 117 |
| &nbsp;&nbsp;&nbsp; 6521366, 5.586%, 9/23/2024 †x¶#^ | Square | 3/27/2023 | 1628 | 1502 | 120 |
| &nbsp;&nbsp;&nbsp; 6521588261, 19.461%, 7/04/2024 †x¥#^ | Stripe | 1/09/2023 | 9891 | 10287 | 495 |
| &nbsp;&nbsp;&nbsp; 6522037, 5.760%, 9/23/2024 †x¶#^ | Square | 3/27/2023 | 1880 | 1730 | 139 |
| &nbsp;&nbsp;&nbsp; 6522066, 5.251%, 9/23/2024 †x¶#^ | Square | 3/27/2023 | 14882 | 13796 | 1101 |
| &nbsp;&nbsp;&nbsp; 6522941, 5.123%, 9/24/2024 †x¶#^ | Square | 3/28/2023 | 2029 | 1885 | 150 |
| &nbsp;&nbsp;&nbsp; 652372187, 22.119%, 5/20/2025 †x¥#^ | Stripe | 11/24/2023 | 5398 | 5614 | 270 |
| &nbsp;&nbsp;&nbsp; 6525707, 5.373%, 9/25/2024 †x¶#^ | Square | 3/29/2023 | 3145 | 2910 | 233 |
| &nbsp;&nbsp;&nbsp; 6525811, 5.670%, 9/25/2024 †x¶#^ | Square | 3/29/2023 | 2401 | 2213 | 178 |
| &nbsp;&nbsp;&nbsp; 6525878196, 26.526%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 1451 | 1524 | 1531 |
| &nbsp;&nbsp;&nbsp; 6526198, 5.372%, 9/25/2024 †x¶#^ | Square | 3/29/2023 | 1979 | 1832 | 146 |
| &nbsp;&nbsp;&nbsp; 6526211, 5.455%, 9/25/2024 †x¶#^ | Square | 3/29/2023 | 1513 | 1399 | 112 |
| &nbsp;&nbsp;&nbsp; 6526590, 6.066%, 9/26/2024 †x¶#^ | Square | 3/29/2023 | 3495 | 3204 | 259 |
| &nbsp;&nbsp;&nbsp; 6526660, 5.732%, 9/26/2024 †x¶#^ | Square | 3/29/2023 | 1232 | 1134 | 91 |
| &nbsp;&nbsp;&nbsp; 6527819, 5.374%, 9/27/2024 †x¶#^ | Square | 3/29/2023 | 405 | 375 | 30 |
| &nbsp;&nbsp;&nbsp; 6527967, 4.749%, 9/27/2024 †x¶#^ | Square | 3/29/2023 | 13421 | 12528 | 993 |
| &nbsp;&nbsp;&nbsp; 6528467906, 18.130%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 13739 | 14426 | 14501 |
| &nbsp;&nbsp;&nbsp; 6529078, 5.220%, 9/27/2024 †x¶#^ | Square | 3/29/2023 | 59311 | 55094 | 4389 |
| &nbsp;&nbsp;&nbsp; 6529156, 5.660%, 9/27/2024 †x¶#^ | Square | 3/29/2023 | 2891 | 2664 | 214 |
| &nbsp;&nbsp;&nbsp; 6529381, 5.757%, 9/27/2024 †x¶#^ | Square | 3/29/2023 | 11168 | 10280 | 826 |
| &nbsp;&nbsp;&nbsp; 6529836738, 22.388%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 1418 | 1475 | 1508 |
| &nbsp;&nbsp;&nbsp; 6530711859, 22.933%, 1/08/2025 †x¥#^ | Stripe | 7/14/2023 | 26106 | 27150 | 1305 |
| &nbsp;&nbsp;&nbsp; 6531051, 4.749%, 9/28/2024 †x¶#^ | Square | 3/30/2023 | 59251 | 55311 | 4385 |
| &nbsp;&nbsp;&nbsp; 6532161856, 25.599%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 29379 | 30554 | 31173 |
| &nbsp;&nbsp;&nbsp; 6533097, 4.591%, 9/28/2024 †x¶#^ | Square | 3/30/2023 | 8361 | 7822 | 619 |
| &nbsp;&nbsp;&nbsp; 6533609982, 21.467%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 20683 | 21511 | 1034 |
| &nbsp;&nbsp;&nbsp; 6533973515, 24.000%, 11/27/2024 †x¥#^ | Stripe | 4/05/2023 | 6400 | 6656 | 320 |
| &nbsp;&nbsp;&nbsp; 6534835, 4.748%, 9/29/2024 †x¶#^ | Square | 3/31/2023 | 10183 | 9506 | 754 |
| &nbsp;&nbsp;&nbsp; 6535940551, 16.266%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 9740 | 10130 | 10268 |
| &nbsp;&nbsp;&nbsp; 6536412, 5.123%, 9/29/2024 †x¶#^ | Square | 3/31/2023 | 2277 | 2115 | 169 |
| &nbsp;&nbsp;&nbsp; 6537177, 5.468%, 9/29/2024 †x¶#^ | Square | 3/31/2023 | 1271 | 1175 | 94 |
| &nbsp;&nbsp;&nbsp; 6537245, 4.596%, 9/29/2024 †x¶#^ | Square | 3/31/2023 | 526 | 500 | 39 |
| &nbsp;&nbsp;&nbsp; 6540536517, 24.118%, 8/15/2024 †x¥#^ | Stripe | 2/21/2023 | 4389 | 4564 | 219 |
| &nbsp;&nbsp;&nbsp; 6541162817, 22.400%, 9/08/2026 †x¥# | Stripe | 3/13/2025 | 176907 | 183984 | 32872 |
| &nbsp;&nbsp;&nbsp; 6545508206, 26.525%, 7/01/2027 †x¥# | Stripe | 4/21/2025 | 6729 | 6998 | 1285 |
| &nbsp;&nbsp;&nbsp; 6546223022, 25.333%, 3/20/2024 †x¥#^ | Stripe | 9/23/2022 | 794 | 825 | 40 |
| &nbsp;&nbsp;&nbsp; 6547813345, 18.132%, 3/14/2025 †x¥#^ | Stripe | 9/19/2023 | 41457 | 43115 | 2073 |
| &nbsp;&nbsp;&nbsp; 6552831813, 25.867%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 2558 | 2660 | 2708 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6180** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6553163570, 21.200%, 6/28/2024 †x¥#^ | Stripe | 1/04/2023 | $4761 | $4951 | $238 |
| &nbsp;&nbsp;&nbsp; 6554403338, 20.400%, 1/15/2027 †x¥ | Stripe | 7/22/2025 | 3966 | 4124 | 4185 |
| &nbsp;&nbsp;&nbsp; 6559937937, 18.667%, 12/22/2023 †x¥#^ | Stripe | 6/28/2022 | 2937 | 3055 | 147 |
| &nbsp;&nbsp;&nbsp; 6566499787, 22.400%, 6/12/2026 †x¥ | Stripe | 12/17/2024 | 667 | 694 | 711 |
| &nbsp;&nbsp;&nbsp; 6569136172, 14.788%, 1/12/2024 †x¥#^ | Stripe | 7/19/2022 | 1132 | 1178 | 57 |
| &nbsp;&nbsp;&nbsp; 6569555662, 20.783%, 12/20/2024 †x¥#^ | Stripe | 6/27/2023 | 2844 | 2958 | 142 |
| &nbsp;&nbsp;&nbsp; 6570585558, 26.462%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 1294 | 1359 | 1359 |
| &nbsp;&nbsp;&nbsp; 6570787438, 18.398%, 1/22/2025 †x¥#^ | Stripe | 7/28/2023 | 4866 | 5061 | 243 |
| &nbsp;&nbsp;&nbsp; 6574282365, 24.000%, 9/10/2023 †x¥#^ | Stripe | 2/15/2022 | 799 | 831 | 40 |
| &nbsp;&nbsp;&nbsp; 6576808142, 18.125%, 12/29/2026 †x¥ | Stripe | 7/03/2025 | 465 | 483 | 493 |
| &nbsp;&nbsp;&nbsp; 6577209103, 22.400%, 4/21/2026 †x¥ | Stripe | 10/24/2024 | 17 | 18 | 19 |
| &nbsp;&nbsp;&nbsp; 6591318341, 19.867%, 10/23/2024 †x¥#^ | Stripe | 4/28/2023 | 105756 | 109986 | 5288 |
| &nbsp;&nbsp;&nbsp; 6594439620, 20.667%, 11/08/2024 †x¥#^ | Stripe | 5/16/2023 | 1633 | 1699 | 82 |
| &nbsp;&nbsp;&nbsp; 6594782786, 19.328%, 9/15/2026 †x¥ | Stripe | 3/20/2025 | 3072 | 3195 | 3258 |
| &nbsp;&nbsp;&nbsp; 6595414869, 26.485%, 7/09/2026 †x¥ | Stripe | 1/13/2025 | 119 | 123 | 129 |
| &nbsp;&nbsp;&nbsp; 6596164, 4.937%, 10/19/2024 †x¶#^ | Square | 4/21/2023 | 64592 | 60139 | 4780 |
| &nbsp;&nbsp;&nbsp; 6597154, 4.937%, 10/19/2024 †x¶#^ | Square | 4/21/2023 | 113662 | 105825 | 8411 |
| &nbsp;&nbsp;&nbsp; 6597203744, 22.927%, 12/21/2025 †x¥#^ | Stripe | 2/14/2024 | 563 | 586 | 28 |
| &nbsp;&nbsp;&nbsp; 6597655157, 19.683%, 8/28/2024 †x¥#^ | Stripe | 3/03/2023 | 2016 | 2097 | 101 |
| &nbsp;&nbsp;&nbsp; 6599440318, 16.267%, 8/13/2027 †x¥ | Stripe | 2/18/2026 | 41362 | 43430 | 43462 |
| &nbsp;&nbsp;&nbsp; 6608479727, 18.800%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 271 | 281 | 287 |
| &nbsp;&nbsp;&nbsp; 6613805789, 25.598%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 28349 | 29766 | 29863 |
| &nbsp;&nbsp;&nbsp; 6615958609, 18.394%, 4/02/2024 †x¥#^ | Stripe | 10/06/2022 | 11010 | 11451 | 551 |
| &nbsp;&nbsp;&nbsp; 6616620467, 26.424%, 3/24/2026 †x¥# | Stripe | 9/26/2024 | 739 | 769 | 37 |
| &nbsp;&nbsp;&nbsp; 6617144, 4.935%, 10/27/2024 †x¶#^ | Square | 5/01/2023 | 1375 | 1297 | 102 |
| &nbsp;&nbsp;&nbsp; 661731632, 19.453%, 3/30/2024 †x¥#^ | Stripe | 10/05/2022 | 4396 | 4572 | 220 |
| &nbsp;&nbsp;&nbsp; 6617381059, 21.862%, 1/17/2025 †x¥#^ | Stripe | 7/25/2023 | 2844 | 2957 | 142 |
| &nbsp;&nbsp;&nbsp; 6618103463, 18.899%, 9/01/2026 †x¥ | Stripe | 3/06/2025 | 437 | 455 | 464 |
| &nbsp;&nbsp;&nbsp; 6618471496, 21.982%, 6/16/2026 †x¥ | Stripe | 12/19/2024 | 542 | 564 | 578 |
| &nbsp;&nbsp;&nbsp; 6618667, 6.009%, 10/27/2024 †x¶#^ | Square | 5/01/2023 | 4391 | 4028 | 325 |
| &nbsp;&nbsp;&nbsp; 6618722, 5.189%, 10/27/2024 †x¶#^ | Square | 5/01/2023 | 91701 | 85102 | 6786 |
| &nbsp;&nbsp;&nbsp; 6618794, 4.661%, 10/27/2024 †x¶#^ | Square | 5/01/2023 | 63 | 59 | 5 |
| &nbsp;&nbsp;&nbsp; 6619565, 4.654%, 10/27/2024 †x¶#^ | Square | 5/01/2023 | 11969 | 11188 | 886 |
| &nbsp;&nbsp;&nbsp; 6619978, 4.656%, 10/27/2024 †x¶#^ | Square | 5/01/2023 | 5394 | 5042 | 399 |
| &nbsp;&nbsp;&nbsp; 6620379, 4.937%, 10/27/2024 †x¶#^ | Square | 5/01/2023 | 25336 | 23838 | 1875 |
| &nbsp;&nbsp;&nbsp; 6620587, 6.265%, 10/28/2024 †x¶#^ | Square | 5/02/2023 | 4201 | 3840 | 311 |
| &nbsp;&nbsp;&nbsp; 6621175, 4.938%, 10/28/2024 †x¶#^ | Square | 5/02/2023 | 8704 | 8104 | 644 |
| &nbsp;&nbsp;&nbsp; 6621825170, 16.933%, 12/25/2025 †x¥#^ | Stripe | 10/24/2023 | 1759 | 1829 | 88 |
| &nbsp;&nbsp;&nbsp; 6622348, 4.712%, 10/28/2024 †x¶#^ | Square | 5/02/2023 | 432 | 403 | 32 |
| &nbsp;&nbsp;&nbsp; 6623358, 4.654%, 10/28/2024 †x¶#^ | Square | 5/02/2023 | 9898 | 9252 | 732 |
| &nbsp;&nbsp;&nbsp; 6623395, 6.160%, 10/28/2024 †x¶#^ | Square | 5/02/2023 | 4991 | 4569 | 369 |
| &nbsp;&nbsp;&nbsp; 6623483030, 26.476%, 1/16/2025 †x¥#^ | Stripe | 7/24/2023 | 1630 | 1695 | 81 |
| &nbsp;&nbsp;&nbsp; 6623521, 4.747%, 10/28/2024 †x¶#^ | Square | 5/02/2023 | 3800 | 3547 | 281 |
| &nbsp;&nbsp;&nbsp; 6623688, 5.765%, 10/28/2024 †x¶#^ | Square | 5/02/2023 | 1993 | 1834 | 147 |
| &nbsp;&nbsp;&nbsp; 6624624, 5.418%, 10/29/2024 †x¶#^ | Square | 5/03/2023 | 499 | 470 | 37 |
| &nbsp;&nbsp;&nbsp; 6625171, 19.330%, 11/28/2026 †x¥ | Stripe | 6/04/2025 | 5383 | 5599 | 5719 |
| &nbsp;&nbsp;&nbsp; 6625341, 5.771%, 10/30/2024 †x¶#^ | Square | 5/03/2023 | 441 | 406 | 33 |
| &nbsp;&nbsp;&nbsp; 6625500, 5.378%, 10/30/2024 †x¶#^ | Square | 5/03/2023 | 2727 | 2524 | 202 |
| &nbsp;&nbsp;&nbsp; 6625780, 6.161%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | 2124 | 1944 | 157 |
| &nbsp;&nbsp;&nbsp; 6626067, 5.755%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | 7076 | 6514 | 524 |
| &nbsp;&nbsp;&nbsp; 6627182, 5.562%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | 2462 | 2273 | 182 |
| &nbsp;&nbsp;&nbsp; 6627417, 5.376%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | 5172 | 4786 | 383 |
| &nbsp;&nbsp;&nbsp; 6627769, 4.762%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | 647 | 604 | 48 |
| &nbsp;&nbsp;&nbsp; 6628180, 6.421%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | 3937 | 3591 | 291 |
| &nbsp;&nbsp;&nbsp; 6628299, 5.429%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | 449 | 415 | 33 |
| &nbsp;&nbsp;&nbsp; 6628766261, 12.925%, 10/06/2024 †x¥#^ | Stripe | 2/10/2023 | 7142 | 7428 | 357 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6181** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6629246, 5.378%, 11/01/2024 †x¶#^ | Square | 5/03/2023 | $19153 | $17798 | $1417 |
| &nbsp;&nbsp;&nbsp; 6630169, 5.567%, 11/02/2024 †x¶#^ | Square | 5/04/2023 | 8061 | 7440 | 597 |
| &nbsp;&nbsp;&nbsp; 6630223, 5.190%, 11/02/2024 †x¶#^ | Square | 5/04/2023 | 10515 | 9756 | 778 |
| &nbsp;&nbsp;&nbsp; 6630560482, 14.267%, 4/24/2026 †x¥# | Stripe | 10/29/2024 | 220581 | 229405 | 11029 |
| &nbsp;&nbsp;&nbsp; 6631797, 6.010%, 11/02/2024 †x¶#^ | Square | 5/04/2023 | 157 | 144 | 12 |
| &nbsp;&nbsp;&nbsp; 6631895, 5.568%, 11/02/2024 †x¶#^ | Square | 5/04/2023 | 10166 | 9382 | 752 |
| &nbsp;&nbsp;&nbsp; 6632264, 5.381%, 11/02/2024 †x¶#^ | Square | 5/04/2023 | 7067 | 6539 | 523 |
| &nbsp;&nbsp;&nbsp; 6632440102, 26.529%, 10/03/2025 †x¥#^ | Stripe | 4/09/2024 | 12541 | 13042 | 627 |
| &nbsp;&nbsp;&nbsp; 6632876436, 19.066%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 27285 | 28376 | 1364 |
| &nbsp;&nbsp;&nbsp; 6633319, 5.364%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 943 | 872 | 70 |
| &nbsp;&nbsp;&nbsp; 6633364, 5.448%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 1423 | 1317 | 105 |
| &nbsp;&nbsp;&nbsp; 6633417, 5.760%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 284 | 261 | 21 |
| &nbsp;&nbsp;&nbsp; 6633678, 6.005%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 1651 | 1515 | 122 |
| &nbsp;&nbsp;&nbsp; 6633887, 5.438%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 625 | 578 | 46 |
| &nbsp;&nbsp;&nbsp; 6634782917, 14.795%, 2/28/2026 †x¥#^ | Stripe | 9/05/2024 | 2641 | 2747 | 480 |
| &nbsp;&nbsp;&nbsp; 6635069, 4.751%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 2046 | 1910 | 151 |
| &nbsp;&nbsp;&nbsp; 6635108, 6.261%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 11196 | 10235 | 828 |
| &nbsp;&nbsp;&nbsp; 6635295, 4.747%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 2382 | 2224 | 176 |
| &nbsp;&nbsp;&nbsp; 6635668, 5.438%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 2946 | 2723 | 218 |
| &nbsp;&nbsp;&nbsp; 6635825, 6.007%, 11/03/2024 †x¶#^ | Square | 5/05/2023 | 6414 | 5884 | 475 |
| &nbsp;&nbsp;&nbsp; 6637649947, 24.929%, 8/22/2026 †x¥ | Stripe | 2/26/2025 | 3300 | 3432 | 3514 |
| &nbsp;&nbsp;&nbsp; 6638028, 5.995%, 11/04/2024 †x¶#^ | Square | 5/08/2023 | 1421 | 1304 | 105 |
| &nbsp;&nbsp;&nbsp; 6638141, 6.258%, 11/04/2024 †x¶#^ | Square | 5/08/2023 | 111 | 102 | 8 |
| &nbsp;&nbsp;&nbsp; 6638156489, 23.179%, 10/31/2024 †x¥#^ | Stripe | 5/08/2023 | 632 | 658 | 32 |
| &nbsp;&nbsp;&nbsp; 6638166, 6.003%, 11/04/2024 †x¶#^ | Square | 5/08/2023 | 4033 | 3700 | 298 |
| &nbsp;&nbsp;&nbsp; 6639408221, 24.000%, 3/28/2023 †x¥#^ | Stripe | 9/30/2021 | 1467 | 1525 | 73 |
| &nbsp;&nbsp;&nbsp; 6641042, 5.755%, 11/04/2024 †x¶#^ | Square | 5/08/2023 | 835 | 768 | 62 |
| &nbsp;&nbsp;&nbsp; 6641072, 6.258%, 11/04/2024 †x¶#^ | Square | 5/08/2023 | 190635 | 174276 | 14107 |
| &nbsp;&nbsp;&nbsp; 6641725, 5.386%, 11/05/2024 †x¶#^ | Square | 5/09/2023 | 960 | 888 | 71 |
| &nbsp;&nbsp;&nbsp; 6641854, 5.752%, 11/05/2024 †x¶#^ | Square | 5/09/2023 | 1032 | 950 | 76 |
| &nbsp;&nbsp;&nbsp; 6642492055, 21.066%, 11/01/2025 †x¥#^ | Stripe | 9/06/2023 | 31500 | 32760 | 1575 |
| &nbsp;&nbsp;&nbsp; 6642675, 6.004%, 11/05/2024 †x¶#^ | Square | 5/09/2023 | 6311 | 5790 | 467 |
| &nbsp;&nbsp;&nbsp; 6643988, 5.757%, 11/05/2024 †x¶#^ | Square | 5/09/2023 | 4021 | 3701 | 298 |
| &nbsp;&nbsp;&nbsp; 6644412, 5.189%, 11/05/2024 †x¶#^ | Square | 5/09/2023 | 47894 | 44436 | 3544 |
| &nbsp;&nbsp;&nbsp; 6644656, 5.385%, 11/06/2024 †x¶#^ | Square | 5/10/2023 | 638 | 590 | 47 |
| &nbsp;&nbsp;&nbsp; 6644743, 5.376%, 11/06/2024 †x¶#^ | Square | 5/10/2023 | 10143 | 9437 | 751 |
| &nbsp;&nbsp;&nbsp; 6644773, 5.567%, 11/06/2024 †x¶#^ | Square | 5/10/2023 | 10761 | 9932 | 796 |
| &nbsp;&nbsp;&nbsp; 6644942, 5.565%, 11/06/2024 †x¶#^ | Square | 5/10/2023 | 1575 | 1454 | 117 |
| &nbsp;&nbsp;&nbsp; 6644961, 4.652%, 11/06/2024 †x¶#^ | Square | 5/10/2023 | 829 | 775 | 61 |
| &nbsp;&nbsp;&nbsp; 6645072, 6.416%, 11/06/2024 †x¶#^ | Square | 5/10/2023 | 2625 | 2394 | 194 |
| &nbsp;&nbsp;&nbsp; 6645125, 6.164%, 11/06/2024 †x¶#^ | Square | 5/10/2023 | 2133 | 1952 | 158 |
| &nbsp;&nbsp;&nbsp; 6645674, 5.192%, 11/07/2024 †x¶#^ | Square | 5/10/2023 | 2456 | 2279 | 182 |
| &nbsp;&nbsp;&nbsp; 6646468, 5.425%, 11/08/2024 †x¶#^ | Square | 5/10/2023 | 796 | 736 | 59 |
| &nbsp;&nbsp;&nbsp; 6647122, 5.189%, 11/08/2024 †x¶#^ | Square | 5/10/2023 | 5687 | 5276 | 421 |
| &nbsp;&nbsp;&nbsp; 6647523, 5.762%, 11/08/2024 †x¶#^ | Square | 5/10/2023 | 2132 | 1963 | 158 |
| &nbsp;&nbsp;&nbsp; 6648297, 5.384%, 11/08/2024 †x¶#^ | Square | 5/10/2023 | 91 | 84 | 7 |
| &nbsp;&nbsp;&nbsp; 6648333, 4.725%, 11/08/2024 †x¶#^ | Square | 5/10/2023 | 1028 | 960 | 76 |
| &nbsp;&nbsp;&nbsp; 6648335, 4.937%, 11/08/2024 †x¶#^ | Square | 5/10/2023 | 6499 | 6051 | 481 |
| &nbsp;&nbsp;&nbsp; 6648715, 4.747%, 11/08/2024 †x¶#^ | Square | 5/10/2023 | 338 | 316 | 25 |
| &nbsp;&nbsp;&nbsp; 6651862, 5.446%, 11/09/2024 †x¶#^ | Square | 5/11/2023 | 2426 | 2243 | 180 |
| &nbsp;&nbsp;&nbsp; 6652951128, 26.462%, 9/12/2026 †x¥ | Stripe | 1/16/2025 | 352 | 366 | 374 |
| &nbsp;&nbsp;&nbsp; 6653022, 5.414%, 11/10/2024 †x¶#^ | Square | 5/12/2023 | 480 | 444 | 36 |
| &nbsp;&nbsp;&nbsp; 6654422, 6.159%, 11/10/2024 †x¶#^ | Square | 5/12/2023 | 645 | 590 | 48 |
| &nbsp;&nbsp;&nbsp; 6654637, 5.566%, 11/10/2024 †x¶#^ | Square | 5/12/2023 | 50166 | 46300 | 3712 |
| &nbsp;&nbsp;&nbsp; 6655150, 6.174%, 11/10/2024 †x¶#^ | Square | 5/12/2023 | 1768 | 1618 | 131 |
| &nbsp;&nbsp;&nbsp; 6655734211, 17.467%, 12/20/2023 †x¥#^ | Stripe | 6/24/2022 | 1856 | 1930 | 93 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6182** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6655761, 5.571%, 11/10/2024 †x¶#^ | Square | 5/12/2023 | $6432 | $5936 | $476 |
| &nbsp;&nbsp;&nbsp; 6656152455, 23.467%, 2/29/2024 †x¥#^ | Stripe | 9/06/2022 | 2709 | 2817 | 135 |
| &nbsp;&nbsp;&nbsp; 6658414, 5.568%, 11/11/2024 †x¶#^ | Square | 5/15/2023 | 487 | 450 | 36 |
| &nbsp;&nbsp;&nbsp; 6658508, 4.741%, 11/11/2024 †x¶#^ | Square | 5/15/2023 | 654 | 611 | 48 |
| &nbsp;&nbsp;&nbsp; 6658598660, 22.400%, 10/01/2026 †x¥# | Stripe | 4/07/2025 | 1589 | 1652 | 439 |
| &nbsp;&nbsp;&nbsp; 6658930, 4.654%, 11/11/2024 †x¶#^ | Square | 5/15/2023 | 720 | 673 | 53 |
| &nbsp;&nbsp;&nbsp; 6658978, 4.939%, 11/11/2024 †x¶#^ | Square | 5/15/2023 | 6436 | 5992 | 476 |
| &nbsp;&nbsp;&nbsp; 6659526, 4.746%, 11/11/2024 †x¶#^ | Square | 5/15/2023 | 348 | 325 | 26 |
| &nbsp;&nbsp;&nbsp; 6660361, 4.654%, 11/11/2024 †x¶#^ | Square | 5/15/2023 | 107417 | 100408 | 7949 |
| &nbsp;&nbsp;&nbsp; 6661175, 4.725%, 11/11/2024 †x¶#^ | Square | 5/15/2023 | 407 | 380 | 30 |
| &nbsp;&nbsp;&nbsp; 6663984, 4.749%, 11/12/2024 †x¶#^ | Square | 5/16/2023 | 4961 | 4631 | 367 |
| &nbsp;&nbsp;&nbsp; 6664360, 4.660%, 11/12/2024 †x¶#^ | Square | 5/16/2023 | 2170 | 2029 | 161 |
| &nbsp;&nbsp;&nbsp; 6664749, 5.754%, 11/13/2024 †x¶#^ | Square | 5/17/2023 | 7679 | 7069 | 568 |
| &nbsp;&nbsp;&nbsp; 6665155, 6.172%, 11/13/2024 †x¶#^ | Square | 5/17/2023 | 2230 | 2054 | 165 |
| &nbsp;&nbsp;&nbsp; 6665167, 4.652%, 11/13/2024 †x¶#^ | Square | 5/17/2023 | 336 | 314 | 25 |
| &nbsp;&nbsp;&nbsp; 6665860, 4.658%, 11/14/2024 †x¶#^ | Square | 5/17/2023 | 4673 | 4368 | 346 |
| &nbsp;&nbsp;&nbsp; 6666130203, 26.132%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 8216 | 8544 | 8753 |
| &nbsp;&nbsp;&nbsp; 6666135342, 19.733%, 7/27/2024 †x¥#^ | Stripe | 2/01/2023 | 2660 | 2766 | 133 |
| &nbsp;&nbsp;&nbsp; 6666867, 5.756%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 8182 | 7532 | 605 |
| &nbsp;&nbsp;&nbsp; 6666960, 5.585%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 342 | 316 | 25 |
| &nbsp;&nbsp;&nbsp; 6667338, 5.188%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 9992 | 9271 | 739 |
| &nbsp;&nbsp;&nbsp; 6667546, 5.378%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 17971 | 16630 | 1330 |
| &nbsp;&nbsp;&nbsp; 6667754, 5.566%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 73777 | 68092 | 5459 |
| &nbsp;&nbsp;&nbsp; 6667972, 4.937%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 78595 | 73176 | 5816 |
| &nbsp;&nbsp;&nbsp; 6668049013, 22.074%, 3/16/2023 †x¥#^ | Stripe | 9/20/2021 | 203 | 211 | 10 |
| &nbsp;&nbsp;&nbsp; 6668353, 6.009%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 5224 | 4792 | 387 |
| &nbsp;&nbsp;&nbsp; 6668471, 5.753%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 4849 | 4463 | 359 |
| &nbsp;&nbsp;&nbsp; 6668693918, 24.933%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 765 | 803 | 808 |
| &nbsp;&nbsp;&nbsp; 6668746052, 20.778%, 11/03/2026 †x¥# | Stripe | 5/08/2025 | 785 | 817 | 146 |
| &nbsp;&nbsp;&nbsp; 6669180, 6.258%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 18202 | 16640 | 1347 |
| &nbsp;&nbsp;&nbsp; 6669799, 5.442%, 11/15/2024 †x¶#^ | Square | 5/17/2023 | 1758 | 1626 | 130 |
| &nbsp;&nbsp;&nbsp; 6670478, 5.376%, 11/16/2024 †x¶#^ | Square | 5/18/2023 | 6425 | 5945 | 475 |
| &nbsp;&nbsp;&nbsp; 6671386, 5.567%, 11/16/2024 †x¶#^ | Square | 5/18/2023 | 17179 | 15855 | 1271 |
| &nbsp;&nbsp;&nbsp; 6672546, 5.185%, 11/16/2024 †x¶#^ | Square | 5/18/2023 | 403 | 374 | 30 |
| &nbsp;&nbsp;&nbsp; 6673948092, 19.318%, 12/31/2026 †x¥ | Stripe | 7/08/2025 | 1535 | 1596 | 1626 |
| &nbsp;&nbsp;&nbsp; 667494011, 22.190%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 1400 | 1470 | 1470 |
| &nbsp;&nbsp;&nbsp; 6675351, 5.564%, 11/17/2024 †x¶#^ | Square | 5/19/2023 | 812 | 750 | 60 |
| &nbsp;&nbsp;&nbsp; 6676110583, 23.710%, 3/22/2023 †x¥#^ | Stripe | 9/24/2021 | 634 | 659 | 32 |
| &nbsp;&nbsp;&nbsp; 6676249, 5.364%, 11/17/2024 †x¶#^ | Square | 5/19/2023 | 336 | 311 | 25 |
| &nbsp;&nbsp;&nbsp; 6676677, 6.256%, 11/17/2024 †x¶#^ | Square | 5/19/2023 | 76 | 71 | 6 |
| &nbsp;&nbsp;&nbsp; 6677420262, 26.476%, 1/17/2025 †x¥#^ | Stripe | 7/25/2023 | 1036 | 1078 | 52 |
| &nbsp;&nbsp;&nbsp; 6679763, 5.376%, 11/18/2024 †x¶#^ | Square | 5/22/2023 | 12566 | 11628 | 930 |
| &nbsp;&nbsp;&nbsp; 6680522512, 25.333%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 202 | 210 | 10 |
| &nbsp;&nbsp;&nbsp; 6680585, 5.438%, 11/18/2024 †x¶#^ | Square | 5/22/2023 | 1467 | 1368 | 109 |
| &nbsp;&nbsp;&nbsp; 6680799, 5.441%, 11/18/2024 †x¶#^ | Square | 5/22/2023 | 3376 | 3122 | 250 |
| &nbsp;&nbsp;&nbsp; 6681096, 4.737%, 11/18/2024 †x¶#^ | Square | 5/22/2023 | 1202 | 1122 | 89 |
| &nbsp;&nbsp;&nbsp; 6681833, 4.942%, 11/19/2024 †x¶#^ | Square | 5/23/2023 | 864 | 804 | 64 |
| &nbsp;&nbsp;&nbsp; 6683026, 5.775%, 11/19/2024 †x¶#^ | Square | 5/23/2023 | 994 | 915 | 74 |
| &nbsp;&nbsp;&nbsp; 6683194, 5.753%, 11/19/2024 †x¶#^ | Square | 5/23/2023 | 410 | 377 | 30 |
| &nbsp;&nbsp;&nbsp; 6683950, 5.757%, 11/19/2024 †x¶#^ | Square | 5/23/2023 | 4377 | 4029 | 324 |
| &nbsp;&nbsp;&nbsp; 6684548, 5.553%, 11/19/2024 †x¶#^ | Square | 5/23/2023 | 862 | 796 | 64 |
| &nbsp;&nbsp;&nbsp; 6685197, 6.007%, 11/20/2024 †x¶#^ | Square | 5/24/2023 | 2408 | 2209 | 178 |
| &nbsp;&nbsp;&nbsp; 6685294, 6.006%, 11/20/2024 †x¶#^ | Square | 5/24/2023 | 1793 | 1645 | 133 |
| &nbsp;&nbsp;&nbsp; 6685469, 5.371%, 11/20/2024 †x¶#^ | Square | 5/24/2023 | 3948 | 3654 | 292 |
| &nbsp;&nbsp;&nbsp; 6685526, 5.582%, 11/20/2024 †x¶#^ | Square | 5/24/2023 | 1422 | 1312 | 105 |
| &nbsp;&nbsp;&nbsp; 6685579, 6.265%, 11/20/2024 †x¶#^ | Square | 5/24/2023 | 2563 | 2343 | 190 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6183** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6686716685, 24.667%, 3/20/2024 †x¥#^ | Stripe | 9/23/2022 | $1689 | $1756 | $84 |
| &nbsp;&nbsp;&nbsp; 6686737, 4.755%, 11/22/2024 †x¶#^ | Square | 5/24/2023 | 1856 | 1732 | 137 |
| &nbsp;&nbsp;&nbsp; 6687424997, 19.417%, 1/04/2025 †x¥#^ | Stripe | 7/12/2023 | 1202 | 1250 | 60 |
| &nbsp;&nbsp;&nbsp; 6687579, 5.189%, 11/22/2024 †x¶#^ | Square | 5/24/2023 | 2491 | 2312 | 184 |
| &nbsp;&nbsp;&nbsp; 6687897, 5.566%, 11/22/2024 †x¶#^ | Square | 5/24/2023 | 95604 | 88253 | 7075 |
| &nbsp;&nbsp;&nbsp; 6688200, 5.752%, 11/22/2024 †x¶#^ | Square | 5/24/2023 | 2862 | 2635 | 212 |
| &nbsp;&nbsp;&nbsp; 6688341, 6.250%, 11/22/2024 †x¶#^ | Square | 5/24/2023 | 902 | 825 | 67 |
| &nbsp;&nbsp;&nbsp; 6690231, 5.757%, 11/23/2024 †x¶#^ | Square | 5/25/2023 | 9166 | 8438 | 678 |
| &nbsp;&nbsp;&nbsp; 6690907, 5.995%, 11/23/2024 †x¶#^ | Square | 5/25/2023 | 1267 | 1163 | 94 |
| &nbsp;&nbsp;&nbsp; 6691024332, 19.592%, 6/12/2024 †x¥#^ | Stripe | 12/16/2022 | 12567 | 13070 | 628 |
| &nbsp;&nbsp;&nbsp; 6691496, 6.396%, 11/23/2024 †x¶#^ | Square | 5/25/2023 | 475 | 434 | 35 |
| &nbsp;&nbsp;&nbsp; 6691501, 5.566%, 11/23/2024 †x¶#^ | Square | 5/25/2023 | 1544 | 1425 | 114 |
| &nbsp;&nbsp;&nbsp; 6693087, 5.191%, 11/23/2024 †x¶#^ | Square | 5/25/2023 | 6479 | 6011 | 479 |
| &nbsp;&nbsp;&nbsp; 6693589, 6.006%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 4885 | 4481 | 361 |
| &nbsp;&nbsp;&nbsp; 6693951, 5.378%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 2739 | 2535 | 203 |
| &nbsp;&nbsp;&nbsp; 669423941, 26.524%, 4/25/2025 †x¥#^ | Stripe | 10/31/2023 | 1663 | 1729 | 83 |
| &nbsp;&nbsp;&nbsp; 6694889253, 23.600%, 8/29/2025 †x¥#^ | Stripe | 3/05/2024 | 9033 | 9395 | 452 |
| &nbsp;&nbsp;&nbsp; 6694976, 5.567%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 35819 | 33059 | 2651 |
| &nbsp;&nbsp;&nbsp; 6695108, 6.163%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 3833 | 3509 | 284 |
| &nbsp;&nbsp;&nbsp; 6695164, 5.569%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 1286 | 1187 | 95 |
| &nbsp;&nbsp;&nbsp; 6696131, 5.571%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 3104 | 2865 | 230 |
| &nbsp;&nbsp;&nbsp; 6696194, 6.010%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 579 | 531 | 43 |
| &nbsp;&nbsp;&nbsp; 6696259, 6.409%, 11/24/2024 †x¶#^ | Square | 5/26/2023 | 350 | 319 | 26 |
| &nbsp;&nbsp;&nbsp; 6700779, 5.195%, 11/25/2024 †x¶#^ | Square | 5/30/2023 | 1470 | 1363 | 109 |
| &nbsp;&nbsp;&nbsp; 6700794, 5.389%, 11/25/2024 †x¶#^ | Square | 5/30/2023 | 952 | 881 | 70 |
| &nbsp;&nbsp;&nbsp; 6701031, 5.383%, 11/25/2024 †x¶#^ | Square | 5/30/2023 | 1920 | 1776 | 142 |
| &nbsp;&nbsp;&nbsp; 6701124, 5.573%, 11/25/2024 †x¶#^ | Square | 5/30/2023 | 2388 | 2204 | 177 |
| &nbsp;&nbsp;&nbsp; 6701366, 4.945%, 11/25/2024 †x¶#^ | Square | 5/30/2023 | 439 | 409 | 32 |
| &nbsp;&nbsp;&nbsp; 6702378, 5.433%, 11/25/2024 †x¶#^ | Square | 5/30/2023 | 1453 | 1344 | 108 |
| &nbsp;&nbsp;&nbsp; 6703454, 5.753%, 11/25/2024 †x¶#^ | Square | 5/30/2023 | 8958 | 8246 | 663 |
| &nbsp;&nbsp;&nbsp; 6705839791, 20.399%, 10/03/2024 †x¥#^ | Stripe | 4/10/2023 | 16309 | 16961 | 815 |
| &nbsp;&nbsp;&nbsp; 6706269, 6.007%, 11/26/2024 †x¶#^ | Square | 5/31/2023 | 3588 | 3291 | 265 |
| &nbsp;&nbsp;&nbsp; 6706442, 5.189%, 11/26/2024 †x¶#^ | Square | 5/31/2023 | 96541 | 89569 | 7144 |
| &nbsp;&nbsp;&nbsp; 6707043, 6.012%, 11/26/2024 †x¶#^ | Square | 5/31/2023 | 2051 | 1881 | 152 |
| &nbsp;&nbsp;&nbsp; 6710445387, 15.434%, 4/23/2024 †x¥#^ | Stripe | 10/27/2022 | 1854 | 1928 | 93 |
| &nbsp;&nbsp;&nbsp; 6710579596, 26.524%, 10/07/2025 †x¥#^ | Stripe | 4/11/2024 | 2800 | 2912 | 140 |
| &nbsp;&nbsp;&nbsp; 6722229901, 26.526%, 9/04/2026 †x¥ | Stripe | 3/11/2025 | 420 | 436 | 448 |
| &nbsp;&nbsp;&nbsp; 6728606401, 26.524%, 2/11/2026 †x¥#^ | Stripe | 8/16/2024 | 673 | 700 | 34 |
| &nbsp;&nbsp;&nbsp; 6728899, 4.654%, 12/05/2024 †x¶#^ | Square | 6/07/2023 | 14321 | 13387 | 1060 |
| &nbsp;&nbsp;&nbsp; 6731276394, 18.667%, 6/07/2023 †x¥#^ | Stripe | 12/10/2021 | 1392 | 1448 | 70 |
| &nbsp;&nbsp;&nbsp; 6733128266, 21.991%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 1114 | 1159 | 1189 |
| &nbsp;&nbsp;&nbsp; 6733563079, 18.667%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | 7218 | 7507 | 361 |
| &nbsp;&nbsp;&nbsp; 6735607663, 26.532%, 12/14/2025 †x¥#^ | Stripe | 10/05/2023 | 9833 | 10226 | 492 |
| &nbsp;&nbsp;&nbsp; 6740583545, 12.792%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 11641 | 12223 | 12234 |
| &nbsp;&nbsp;&nbsp; 6743871890, 26.519%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 3269 | 3433 | 3439 |
| &nbsp;&nbsp;&nbsp; 674710776, 20.396%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 3331 | 3464 | 3506 |
| &nbsp;&nbsp;&nbsp; 6747419528, 16.000%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 22536 | 23663 | 23695 |
| &nbsp;&nbsp;&nbsp; 6749110038, 22.792%, 11/08/2024 †x¥#^ | Stripe | 5/16/2023 | 7523 | 7824 | 376 |
| &nbsp;&nbsp;&nbsp; 6757267877, 19.725%, 9/27/2025 †x¥#^ | Stripe | 4/03/2024 | 1309 | 1362 | 65 |
| &nbsp;&nbsp;&nbsp; 6757584726, 16.127%, 3/21/2027 †x¥# | Stripe | 12/31/2024 | 3268 | 3399 | 890 |
| &nbsp;&nbsp;&nbsp; 6760143712, 26.510%, 12/10/2026 †x¥# | Stripe | 6/16/2025 | 1947 | 2025 | 559 |
| &nbsp;&nbsp;&nbsp; 6760915847, 24.000%, 4/05/2023 †x¥#^ | Stripe | 10/08/2021 | 2367 | 2461 | 118 |
| &nbsp;&nbsp;&nbsp; 6764827, 5.377%, 12/15/2024 †x¶#^ | Square | 6/20/2023 | 86241 | 79804 | 6382 |
| &nbsp;&nbsp;&nbsp; 6766918346, 25.333%, 5/23/2024 †x¥#^ | Stripe | 11/29/2022 | 3253 | 3383 | 163 |
| &nbsp;&nbsp;&nbsp; 676978997, 24.922%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 7698 | 8083 | 8128 |
| &nbsp;&nbsp;&nbsp; 6771460891, 19.333%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 479 | 498 | 268 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6184** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6772535468, 26.510%, 2/06/2027 †x¥ | Stripe | 8/13/2025 | $884 | $919 | $931 |
| &nbsp;&nbsp;&nbsp; 6775812654, 26.533%, 4/15/2026 †x¥# | Stripe | 10/18/2024 | 11940 | 12418 | 597 |
| &nbsp;&nbsp;&nbsp; 6777511846, 20.527%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 2440 | 2538 | 122 |
| &nbsp;&nbsp;&nbsp; 6780759142, 26.124%, 9/12/2026 †x¥# | Stripe | 3/19/2025 | 1501 | 1561 | 600 |
| &nbsp;&nbsp;&nbsp; 6784245922, 22.398%, 7/29/2026 †x¥# | Stripe | 12/04/2024 | 11144 | 11590 | 557 |
| &nbsp;&nbsp;&nbsp; 678999286, 15.190%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 12069 | 12672 | 12691 |
| &nbsp;&nbsp;&nbsp; 6791994, 4.654%, 12/27/2024 †x¶#^ | Square | 6/29/2023 | 74167 | 69327 | 5488 |
| &nbsp;&nbsp;&nbsp; 6793869718, 23.710%, 10/31/2024 †x¥#^ | Stripe | 5/08/2023 | 3293 | 3425 | 165 |
| &nbsp;&nbsp;&nbsp; 6794126337, 22.667%, 5/22/2025 †x¥#^ | Stripe | 11/28/2023 | 14009 | 14569 | 700 |
| &nbsp;&nbsp;&nbsp; 6797080597, 15.333%, 7/25/2023 †x¥#^ | Stripe | 1/27/2022 | 1383 | 1439 | 69 |
| &nbsp;&nbsp;&nbsp; 679835247, 26.489%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 884 | 920 | 44 |
| &nbsp;&nbsp;&nbsp; 6800475, 6.422%, 12/29/2024 †x¶#^ | Square | 7/03/2023 | 3076 | 2806 | 228 |
| &nbsp;&nbsp;&nbsp; 6801875, 5.190%, 12/29/2024 †x¶#^ | Square | 7/03/2023 | 2118 | 1965 | 157 |
| &nbsp;&nbsp;&nbsp; 6802295168, 26.533%, 6/09/2026 †x¥# | Stripe | 12/12/2024 | 71 | 73 | 14 |
| &nbsp;&nbsp;&nbsp; 6802666, 6.414%, 12/29/2024 †x¶#^ | Square | 7/03/2023 | 859 | 784 | 64 |
| &nbsp;&nbsp;&nbsp; 6803189096, 26.530%, 4/09/2025 †x¥#^ | Stripe | 10/13/2023 | 601 | 625 | 30 |
| &nbsp;&nbsp;&nbsp; 6804989355, 24.000%, 9/12/2023 †x¥#^ | Stripe | 3/17/2022 | 1225 | 1274 | 61 |
| &nbsp;&nbsp;&nbsp; 6805711, 5.753%, 12/30/2024 †x¶#^ | Square | 7/05/2023 | 15275 | 14061 | 1130 |
| &nbsp;&nbsp;&nbsp; 6806933, 5.765%, 12/30/2024 †x¶#^ | Square | 7/05/2023 | 677 | 623 | 50 |
| &nbsp;&nbsp;&nbsp; 6806986, 5.377%, 12/30/2024 †x¶#^ | Square | 7/05/2023 | 52873 | 48927 | 3913 |
| &nbsp;&nbsp;&nbsp; 6809176, 6.260%, 1/02/2025 †x¶#^ | Square | 7/06/2023 | 7949 | 7267 | 588 |
| &nbsp;&nbsp;&nbsp; 6809457777, 22.000%, 12/12/2023 †x¥#^ | Stripe | 6/16/2022 | 11742 | 12211 | 587 |
| &nbsp;&nbsp;&nbsp; 6810406, 5.442%, 1/03/2025 †x¶#^ | Square | 7/06/2023 | 1115 | 1031 | 83 |
| &nbsp;&nbsp;&nbsp; 6812164146, 25.981%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 2450 | 2572 | 2584 |
| &nbsp;&nbsp;&nbsp; 6812232, 6.006%, 1/03/2025 †x¶#^ | Square | 7/06/2023 | 38414 | 35239 | 2843 |
| &nbsp;&nbsp;&nbsp; 6812375885, 21.333%, 12/04/2024 †x¥#^ | Stripe | 6/09/2023 | 451 | 469 | 23 |
| &nbsp;&nbsp;&nbsp; 681255, 77.131%, 2/02/2018 †x¶#^ | Square | 8/04/2016 | 952 | 903 | 70 |
| &nbsp;&nbsp;&nbsp; 6812689, 5.757%, 1/03/2025 †x¶#^ | Square | 7/06/2023 | 3959 | 3644 | 293 |
| &nbsp;&nbsp;&nbsp; 681314086, 24.513%, 11/27/2024 †x¥#^ | Stripe | 6/02/2023 | 319 | 332 | 16 |
| &nbsp;&nbsp;&nbsp; 6815379, 5.189%, 1/05/2025 †x¶#^ | Square | 7/07/2023 | 6131 | 5688 | 454 |
| &nbsp;&nbsp;&nbsp; 6819074, 6.258%, 1/06/2025 †x¶#^ | Square | 7/10/2023 | 56171 | 51351 | 4157 |
| &nbsp;&nbsp;&nbsp; 6820534418, 19.593%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 7654 | 8037 | 8046 |
| &nbsp;&nbsp;&nbsp; 6820613, 5.755%, 1/06/2025 †x¶#^ | Square | 7/10/2023 | 35704 | 32867 | 2642 |
| &nbsp;&nbsp;&nbsp; 6822007863, 20.663%, 7/18/2024 †x¥#^ | Stripe | 1/23/2023 | 7907 | 8224 | 395 |
| &nbsp;&nbsp;&nbsp; 6822630, 4.777%, 1/07/2025 †x¶#^ | Square | 7/11/2023 | 937 | 874 | 69 |
| &nbsp;&nbsp;&nbsp; 6822639, 6.184%, 1/07/2025 †x¶#^ | Square | 7/11/2023 | 1038 | 950 | 77 |
| &nbsp;&nbsp;&nbsp; 6823069, 5.563%, 1/07/2025 †x¶#^ | Square | 7/11/2023 | 4020 | 3710 | 297 |
| &nbsp;&nbsp;&nbsp; 6823156989, 12.800%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 17946 | 18844 | 18865 |
| &nbsp;&nbsp;&nbsp; 6823223, 5.569%, 1/07/2025 †x¶#^ | Square | 7/11/2023 | 4264 | 3935 | 316 |
| &nbsp;&nbsp;&nbsp; 6826735, 5.389%, 1/09/2025 †x¶#^ | Square | 7/12/2023 | 1915 | 1772 | 142 |
| &nbsp;&nbsp;&nbsp; 6827029, 5.193%, 1/09/2025 †x¶#^ | Square | 7/12/2023 | 2962 | 2748 | 219 |
| &nbsp;&nbsp;&nbsp; 6828121, 4.751%, 1/10/2025 †x¶#^ | Square | 7/12/2023 | 8389 | 7853 | 621 |
| &nbsp;&nbsp;&nbsp; 6829530574, 18.392%, 8/23/2024 †x¥#^ | Stripe | 2/28/2023 | 2268 | 2359 | 113 |
| &nbsp;&nbsp;&nbsp; 6829538114, 18.800%, 11/29/2024 †x¥#^ | Stripe | 6/06/2023 | 378 | 393 | 19 |
| &nbsp;&nbsp;&nbsp; 6831765, 6.008%, 1/11/2025 †x¶#^ | Square | 7/13/2023 | 3470 | 3185 | 257 |
| &nbsp;&nbsp;&nbsp; 6832427, 4.745%, 1/11/2025 †x¶#^ | Square | 7/13/2023 | 3679 | 3434 | 272 |
| &nbsp;&nbsp;&nbsp; 6833469, 4.937%, 1/11/2025 †x¶#^ | Square | 7/13/2023 | 41350 | 38499 | 3060 |
| &nbsp;&nbsp;&nbsp; 6835582, 5.746%, 1/12/2025 †x¶#^ | Square | 7/14/2023 | 110 | 102 | 8 |
| &nbsp;&nbsp;&nbsp; 6843112, 6.257%, 1/14/2025 †x¶#^ | Square | 7/18/2023 | 13156 | 12076 | 974 |
| &nbsp;&nbsp;&nbsp; 6843752, 4.654%, 1/14/2025 †x¶#^ | Square | 7/18/2023 | 102638 | 95940 | 7595 |
| &nbsp;&nbsp;&nbsp; 6843753980, 26.514%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 2056 | 2138 | 2161 |
| &nbsp;&nbsp;&nbsp; 6846036, 6.252%, 1/15/2025 †x¶#^ | Square | 7/19/2023 | 941 | 866 | 70 |
| &nbsp;&nbsp;&nbsp; 6846151, 6.232%, 1/15/2025 †x¶#^ | Square | 7/19/2023 | 961 | 879 | 71 |
| &nbsp;&nbsp;&nbsp; 6846735, 5.756%, 1/16/2025 †x¶#^ | Square | 7/19/2023 | 2746 | 2537 | 203 |
| &nbsp;&nbsp;&nbsp; 6855397885, 24.000%, 3/22/2023 †x¥#^ | Stripe | 9/24/2021 | 200 | 208 | 10 |
| &nbsp;&nbsp;&nbsp; 6855890740, 15.196%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 16328 | 17145 | 17223 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6185** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6856747663, 26.533%, 1/03/2026 †x¥#^ | Stripe | 7/10/2024 | $69200 | $71968 | $3460 |
| &nbsp;&nbsp;&nbsp; 685746644, 20.800%, 4/24/2024 †x¥#^ | Stripe | 8/31/2022 | 12690 | 13198 | 635 |
| &nbsp;&nbsp;&nbsp; 6858325, 5.562%, 1/20/2025 †x¶#^ | Square | 7/24/2023 | 907 | 837 | 67 |
| &nbsp;&nbsp;&nbsp; 6860201659, 25.866%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 12845 | 13359 | 13710 |
| &nbsp;&nbsp;&nbsp; 6861587, 4.750%, 1/20/2025 †x¶#^ | Square | 7/24/2023 | 389 | 363 | 29 |
| &nbsp;&nbsp;&nbsp; 6862808509, 24.000%, 10/28/2023 †x¥#^ | Stripe | 2/17/2022 | 246 | 256 | 12 |
| &nbsp;&nbsp;&nbsp; 6863749821, 25.333%, 4/25/2024 †x¥#^ | Stripe | 10/31/2022 | 988 | 1028 | 49 |
| &nbsp;&nbsp;&nbsp; 6863821, 6.164%, 1/21/2025 †x¶#^ | Square | 7/25/2023 | 4015 | 3675 | 297 |
| &nbsp;&nbsp;&nbsp; 6864654954, 19.600%, 11/28/2025 †x¥#^ | Stripe | 6/04/2024 | 31960 | 33238 | 1598 |
| &nbsp;&nbsp;&nbsp; 6865242882, 25.600%, 3/25/2027 †x¥ | Stripe | 9/29/2025 | 15052 | 15654 | 15890 |
| &nbsp;&nbsp;&nbsp; 6865435, 5.560%, 1/23/2025 †x¶#^ | Square | 7/26/2023 | 2012 | 1860 | 149 |
| &nbsp;&nbsp;&nbsp; 6865761, 6.423%, 1/23/2025 †x¶#^ | Square | 7/26/2023 | 834 | 761 | 62 |
| &nbsp;&nbsp;&nbsp; 6865819, 6.251%, 1/23/2025 †x¶#^ | Square | 7/26/2023 | 136 | 125 | 10 |
| &nbsp;&nbsp;&nbsp; 6866024499, 19.200%, 2/26/2025 †x¥#^ | Stripe | 9/01/2023 | 6179 | 6427 | 309 |
| &nbsp;&nbsp;&nbsp; 6868522, 4.937%, 1/24/2025 †x¶#^ | Square | 7/26/2023 | 62175 | 57888 | 4601 |
| &nbsp;&nbsp;&nbsp; 6868557, 6.014%, 1/24/2025 †x¶#^ | Square | 7/26/2023 | 2053 | 1883 | 152 |
| &nbsp;&nbsp;&nbsp; 6872475, 6.427%, 1/25/2025 †x¶#^ | Square | 7/27/2023 | 179 | 163 | 13 |
| &nbsp;&nbsp;&nbsp; 6872488, 5.189%, 1/25/2025 †x¶#^ | Square | 7/27/2023 | 3092 | 2870 | 229 |
| &nbsp;&nbsp;&nbsp; 6874313, 5.197%, 1/26/2025 †x¶#^ | Square | 7/28/2023 | 1435 | 1331 | 106 |
| &nbsp;&nbsp;&nbsp; 687519059, 18.667%, 3/26/2024 †x¥#^ | Stripe | 9/29/2022 | 8328 | 8661 | 416 |
| &nbsp;&nbsp;&nbsp; 687535233, 18.667%, 8/15/2026 †x¥ | Stripe | 2/20/2025 | 1884 | 1959 | 1996 |
| &nbsp;&nbsp;&nbsp; 6878259, 5.570%, 1/27/2025 †x¶#^ | Square | 7/31/2023 | 6000 | 5537 | 444 |
| &nbsp;&nbsp;&nbsp; 6878990522, 21.733%, 9/28/2025 †x¥#^ | Stripe | 7/28/2023 | 18328 | 19061 | 916 |
| &nbsp;&nbsp;&nbsp; 688049093, 25.054%, 6/09/2025 †x¥#^ | Stripe | 4/19/2023 | 1541 | 1603 | 77 |
| &nbsp;&nbsp;&nbsp; 6880875, 4.777%, 1/28/2025 †x¶#^ | Square | 8/01/2023 | 813 | 762 | 60 |
| &nbsp;&nbsp;&nbsp; 6882420, 6.005%, 1/28/2025 †x¶#^ | Square | 8/01/2023 | 335 | 307 | 25 |
| &nbsp;&nbsp;&nbsp; 6882601, 5.193%, 1/28/2025 †x¶#^ | Square | 8/01/2023 | 2161 | 2005 | 160 |
| &nbsp;&nbsp;&nbsp; 6883084, 5.564%, 1/28/2025 †x¶#^ | Square | 8/01/2023 | 9546 | 8810 | 706 |
| &nbsp;&nbsp;&nbsp; 6883805461, 12.800%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 76810 | 80650 | 80691 |
| &nbsp;&nbsp;&nbsp; 6883810, 5.377%, 1/28/2025 †x¶#^ | Square | 8/01/2023 | 16578 | 15373 | 1227 |
| &nbsp;&nbsp;&nbsp; 6884122, 5.567%, 1/29/2025 †x¶#^ | Square | 8/02/2023 | 5341 | 4929 | 395 |
| &nbsp;&nbsp;&nbsp; 6884674, 5.383%, 1/29/2025 †x¶#^ | Square | 8/02/2023 | 3132 | 2899 | 232 |
| &nbsp;&nbsp;&nbsp; 6885215, 4.713%, 1/30/2025 †x¶#^ | Square | 8/02/2023 | 471 | 439 | 35 |
| &nbsp;&nbsp;&nbsp; 6885485, 5.180%, 1/30/2025 †x¶#^ | Square | 8/02/2023 | 2683 | 2490 | 199 |
| &nbsp;&nbsp;&nbsp; 6886008, 5.566%, 1/31/2025 †x¶#^ | Square | 8/02/2023 | 29104 | 26861 | 2154 |
| &nbsp;&nbsp;&nbsp; 6886422, 4.750%, 1/31/2025 †x¶#^ | Square | 8/02/2023 | 8273 | 7723 | 612 |
| &nbsp;&nbsp;&nbsp; 6886925, 6.009%, 1/31/2025 †x¶#^ | Square | 8/02/2023 | 4773 | 4378 | 353 |
| &nbsp;&nbsp;&nbsp; 6886955, 5.566%, 1/31/2025 †x¶#^ | Square | 8/02/2023 | 10392 | 9591 | 769 |
| &nbsp;&nbsp;&nbsp; 6887418, 6.420%, 1/31/2025 †x¶#^ | Square | 8/02/2023 | 2851 | 2606 | 211 |
| &nbsp;&nbsp;&nbsp; 6889860707, 26.531%, 5/05/2026 †x¥ | Stripe | 11/07/2024 | 581 | 604 | 620 |
| &nbsp;&nbsp;&nbsp; 6890034, 4.652%, 2/01/2025 †x¶#^ | Square | 8/03/2023 | 3018 | 2821 | 223 |
| &nbsp;&nbsp;&nbsp; 6890390, 5.379%, 2/01/2025 †x¶#^ | Square | 8/03/2023 | 229 | 212 | 17 |
| &nbsp;&nbsp;&nbsp; 6890919, 4.936%, 2/01/2025 †x¶#^ | Square | 8/03/2023 | 13001 | 12104 | 962 |
| &nbsp;&nbsp;&nbsp; 6891574, 6.416%, 2/01/2025 †x¶#^ | Square | 8/03/2023 | 1746 | 1592 | 129 |
| &nbsp;&nbsp;&nbsp; 6892492, 5.578%, 2/01/2025 †x¶#^ | Square | 8/03/2023 | 572 | 528 | 42 |
| &nbsp;&nbsp;&nbsp; 6892926394, 26.516%, 4/07/2026 †x¥# | Stripe | 10/10/2024 | 2761 | 2871 | 138 |
| &nbsp;&nbsp;&nbsp; 6893060, 4.780%, 2/02/2025 †x¶#^ | Square | 8/04/2023 | 524 | 492 | 39 |
| &nbsp;&nbsp;&nbsp; 6893063780, 26.519%, 1/21/2026 †x¥#^ | Stripe | 7/26/2024 | 3256 | 3386 | 163 |
| &nbsp;&nbsp;&nbsp; 6893326, 5.378%, 2/02/2025 †x¶#^ | Square | 8/04/2023 | 6284 | 5815 | 465 |
| &nbsp;&nbsp;&nbsp; 6893848, 6.250%, 2/02/2025 †x¶#^ | Square | 8/04/2023 | 1264 | 1156 | 94 |
| &nbsp;&nbsp;&nbsp; 6894258, 5.448%, 2/02/2025 †x¶#^ | Square | 8/04/2023 | 1065 | 997 | 79 |
| &nbsp;&nbsp;&nbsp; 6895477, 4.654%, 2/02/2025 †x¶#^ | Square | 8/04/2023 | 4535 | 4239 | 336 |
| &nbsp;&nbsp;&nbsp; 6895534, 4.748%, 2/02/2025 †x¶#^ | Square | 8/04/2023 | 11596 | 10825 | 858 |
| &nbsp;&nbsp;&nbsp; 6895557507, 25.581%, 1/13/2027 †x¥ | Stripe | 7/18/2025 | 2469 | 2568 | 2602 |
| &nbsp;&nbsp;&nbsp; 6897920, 4.660%, 2/03/2025 †x¶#^ | Square | 8/07/2023 | 2697 | 2521 | 200 |
| &nbsp;&nbsp;&nbsp; 6899175, 6.147%, 2/03/2025 †x¶#^ | Square | 8/07/2023 | 859 | 786 | 64 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6186** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6899862, 6.267%, 2/03/2025 †x¶#^ | Square | 8/07/2023 | $1940 | $1773 | $144 |
| &nbsp;&nbsp;&nbsp; 68e2956d-5ad7-40e0-97f9-3fbf7022bbfd, 11.890%, 10/21/2019 †x#^ | Funding Circle | 12/16/2016 | 23639 | 23639 | 7092 |
| &nbsp;&nbsp;&nbsp; 6900015, 4.750%, 2/03/2025 †x¶#^ | Square | 8/07/2023 | 1874 | 1749 | 139 |
| &nbsp;&nbsp;&nbsp; 6900136, 4.937%, 2/03/2025 †x¶#^ | Square | 8/07/2023 | 85784 | 79869 | 6348 |
| &nbsp;&nbsp;&nbsp; 6901510, 5.755%, 2/04/2025 †x¶#^ | Square | 8/08/2023 | 22585 | 20791 | 1671 |
| &nbsp;&nbsp;&nbsp; 6902098, 5.766%, 2/04/2025 †x¶#^ | Square | 8/08/2023 | 2175 | 2002 | 161 |
| &nbsp;&nbsp;&nbsp; 6902273, 4.937%, 2/04/2025 †x¶#^ | Square | 8/08/2023 | 24993 | 23270 | 1850 |
| &nbsp;&nbsp;&nbsp; 6902900, 6.003%, 2/04/2025 †x¶#^ | Square | 8/08/2023 | 2475 | 2270 | 183 |
| &nbsp;&nbsp;&nbsp; 6903588823, 22.400%, 11/21/2024 †x¥#^ | Stripe | 5/30/2023 | 1134 | 1180 | 57 |
| &nbsp;&nbsp;&nbsp; 6903680, 5.189%, 2/04/2025 †x¶#^ | Square | 8/08/2023 | 13965 | 12957 | 1033 |
| &nbsp;&nbsp;&nbsp; 6904512, 5.754%, 2/05/2025 †x¶#^ | Square | 8/09/2023 | 7312 | 6731 | 541 |
| &nbsp;&nbsp;&nbsp; 6904721, 5.561%, 2/05/2025 †x¶#^ | Square | 8/09/2023 | 685 | 632 | 51 |
| &nbsp;&nbsp;&nbsp; 6904741, 4.748%, 2/05/2025 †x¶#^ | Square | 8/09/2023 | 4920 | 4593 | 364 |
| &nbsp;&nbsp;&nbsp; 6904842, 5.756%, 2/05/2025 †x¶#^ | Square | 8/09/2023 | 2869 | 2641 | 212 |
| &nbsp;&nbsp;&nbsp; 6905194, 6.016%, 2/06/2025 †x¶#^ | Square | 8/09/2023 | 1209 | 1108 | 89 |
| &nbsp;&nbsp;&nbsp; 6905267, 5.564%, 2/06/2025 †x¶#^ | Square | 8/09/2023 | 7134 | 6584 | 528 |
| &nbsp;&nbsp;&nbsp; 6905333, 4.657%, 2/06/2025 †x¶#^ | Square | 8/09/2023 | 1771 | 1655 | 131 |
| &nbsp;&nbsp;&nbsp; 6906690, 4.946%, 2/07/2025 †x¶#^ | Square | 8/09/2023 | 3171 | 2952 | 235 |
| &nbsp;&nbsp;&nbsp; 6907120, 4.938%, 2/07/2025 †x¶#^ | Square | 8/09/2023 | 8812 | 8205 | 652 |
| &nbsp;&nbsp;&nbsp; 6907868, 5.437%, 2/07/2025 †x¶#^ | Square | 8/09/2023 | 3297 | 3049 | 244 |
| &nbsp;&nbsp;&nbsp; 6909322, 5.196%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 3168 | 2939 | 234 |
| &nbsp;&nbsp;&nbsp; 6909544, 4.744%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 2880 | 2700 | 213 |
| &nbsp;&nbsp;&nbsp; 6909769, 5.381%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 5635 | 5214 | 417 |
| &nbsp;&nbsp;&nbsp; 6909912, 6.405%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 591 | 540 | 44 |
| &nbsp;&nbsp;&nbsp; 6910315, 5.431%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 1038 | 960 | 77 |
| &nbsp;&nbsp;&nbsp; 6910317, 6.006%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 49211 | 45144 | 3642 |
| &nbsp;&nbsp;&nbsp; 6910541, 5.379%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 5394 | 4991 | 399 |
| &nbsp;&nbsp;&nbsp; 6911293, 6.255%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 6914 | 6321 | 512 |
| &nbsp;&nbsp;&nbsp; 6911320, 5.574%, 2/08/2025 †x¶#^ | Square | 8/10/2023 | 1848 | 1705 | 137 |
| &nbsp;&nbsp;&nbsp; 6912273, 5.565%, 2/09/2025 †x¶#^ | Square | 8/11/2023 | 18321 | 16911 | 1356 |
| &nbsp;&nbsp;&nbsp; 6912758, 5.566%, 2/09/2025 †x¶#^ | Square | 8/11/2023 | 11278 | 10409 | 835 |
| &nbsp;&nbsp;&nbsp; 6913035, 4.750%, 2/09/2025 †x¶#^ | Square | 8/11/2023 | 1931 | 1803 | 143 |
| &nbsp;&nbsp;&nbsp; 6913712823, 15.594%, 5/07/2024 †x¥#^ | Stripe | 11/10/2022 | 7534 | 7835 | 377 |
| &nbsp;&nbsp;&nbsp; 6913791, 4.749%, 2/09/2025 †x¶#^ | Square | 8/11/2023 | 1360 | 1270 | 101 |
| &nbsp;&nbsp;&nbsp; 6917436, 4.762%, 2/10/2025 †x¶#^ | Square | 8/14/2023 | 2086 | 1947 | 154 |
| &nbsp;&nbsp;&nbsp; 6917890, 6.004%, 2/10/2025 †x¶#^ | Square | 8/14/2023 | 2646 | 2427 | 196 |
| &nbsp;&nbsp;&nbsp; 6918891, 4.654%, 2/10/2025 †x¶#^ | Square | 8/14/2023 | 16128 | 15076 | 1193 |
| &nbsp;&nbsp;&nbsp; 6919983, 5.372%, 2/11/2025 †x¶#^ | Square | 8/15/2023 | 4690 | 4340 | 347 |
| &nbsp;&nbsp;&nbsp; 6920099, 6.254%, 2/11/2025 †x¶#^ | Square | 8/15/2023 | 3446 | 3150 | 255 |
| &nbsp;&nbsp;&nbsp; 6920130, 6.229%, 2/11/2025 †x¶#^ | Square | 8/15/2023 | 10 | 10 | 1 |
| &nbsp;&nbsp;&nbsp; 6920169, 5.441%, 2/11/2025 †x¶#^ | Square | 8/15/2023 | 497 | 459 | 37 |
| &nbsp;&nbsp;&nbsp; 6920290, 5.566%, 2/11/2025 †x¶#^ | Square | 8/15/2023 | 7884 | 7281 | 583 |
| &nbsp;&nbsp;&nbsp; 6920548, 5.999%, 2/12/2025 †x¶#^ | Square | 8/16/2023 | 1192 | 1093 | 88 |
| &nbsp;&nbsp;&nbsp; 6920556, 4.938%, 2/12/2025 †x¶#^ | Square | 8/16/2023 | 495 | 461 | 37 |
| &nbsp;&nbsp;&nbsp; 6920588, 5.562%, 2/12/2025 †x¶#^ | Square | 8/16/2023 | 246 | 227 | 18 |
| &nbsp;&nbsp;&nbsp; 6920934, 4.760%, 2/12/2025 †x¶#^ | Square | 8/16/2023 | 774 | 723 | 57 |
| &nbsp;&nbsp;&nbsp; 6921354, 5.382%, 2/13/2025 †x¶#^ | Square | 8/16/2023 | 5300 | 4904 | 392 |
| &nbsp;&nbsp;&nbsp; 6921397, 6.414%, 2/13/2025 †x¶#^ | Square | 8/16/2023 | 1958 | 1786 | 145 |
| &nbsp;&nbsp;&nbsp; 6921690, 6.006%, 2/14/2025 †x¶#^ | Square | 8/16/2023 | 7098 | 6511 | 525 |
| &nbsp;&nbsp;&nbsp; 6922540, 5.188%, 2/14/2025 †x¶#^ | Square | 8/16/2023 | 1397 | 1296 | 103 |
| &nbsp;&nbsp;&nbsp; 6922652962, 16.264%, 1/27/2027 †x¥ | Stripe | 8/01/2025 | 6138 | 6384 | 6466 |
| &nbsp;&nbsp;&nbsp; 6922721, 4.755%, 2/14/2025 †x¶#^ | Square | 8/16/2023 | 2465 | 2301 | 182 |
| &nbsp;&nbsp;&nbsp; 6922741, 6.008%, 2/14/2025 †x¶#^ | Square | 8/16/2023 | 2611 | 2395 | 193 |
| &nbsp;&nbsp;&nbsp; 6922760, 5.763%, 2/14/2025 †x¶#^ | Square | 8/16/2023 | 485 | 446 | 36 |
| &nbsp;&nbsp;&nbsp; 6923177, 5.566%, 2/14/2025 †x¶#^ | Square | 8/16/2023 | 25751 | 23816 | 1906 |
| &nbsp;&nbsp;&nbsp; 6923590349, 26.133%, 8/12/2026 †x¥# | Stripe | 2/14/2025 | 1994 | 2074 | 383 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6187** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6923623, 5.754%, 2/15/2025 †x¶#^ | Square | 8/17/2023 | $56720 | $52213 | $4197 |
| &nbsp;&nbsp;&nbsp; 6923805, 5.755%, 2/15/2025 †x¶#^ | Square | 8/17/2023 | 25600 | 23565 | 1894 |
| &nbsp;&nbsp;&nbsp; 692413399, 25.333%, 2/10/2026 †x¥#^ | Stripe | 11/27/2023 | 2201 | 2289 | 110 |
| &nbsp;&nbsp;&nbsp; 6927012, 5.189%, 2/15/2025 †x¶#^ | Square | 8/17/2023 | 7401 | 6867 | 548 |
| &nbsp;&nbsp;&nbsp; 6928949, 5.377%, 2/16/2025 †x¶#^ | Square | 8/18/2023 | 109350 | 101188 | 8092 |
| &nbsp;&nbsp;&nbsp; 6929531193, 26.507%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 1145 | 1190 | 57 |
| &nbsp;&nbsp;&nbsp; 6931167229, 21.196%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 12445 | 12942 | 622 |
| &nbsp;&nbsp;&nbsp; 6931643402, 20.308%, 1/22/2027 †x¥ | Stripe | 7/29/2025 | 321 | 334 | 340 |
| &nbsp;&nbsp;&nbsp; 6931669492, 22.266%, 9/29/2023 †x¥#^ | Stripe | 4/05/2022 | 3731 | 3880 | 187 |
| &nbsp;&nbsp;&nbsp; 6932514566, 21.200%, 10/28/2024 †x¥#^ | Stripe | 3/06/2023 | 9882 | 10277 | 494 |
| &nbsp;&nbsp;&nbsp; 6933229, 5.187%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 2597 | 2410 | 192 |
| &nbsp;&nbsp;&nbsp; 6933437, 5.189%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 3124 | 2899 | 231 |
| &nbsp;&nbsp;&nbsp; 6933673, 4.654%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 2446 | 2286 | 181 |
| &nbsp;&nbsp;&nbsp; 6933979, 5.747%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 1022 | 941 | 76 |
| &nbsp;&nbsp;&nbsp; 6934201, 6.002%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 986 | 913 | 73 |
| &nbsp;&nbsp;&nbsp; 6934333, 4.656%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 11631 | 10872 | 861 |
| &nbsp;&nbsp;&nbsp; 6934399, 5.439%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 2459 | 2274 | 182 |
| &nbsp;&nbsp;&nbsp; 6934450, 5.986%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 1024 | 939 | 76 |
| &nbsp;&nbsp;&nbsp; 6934558, 4.654%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 14801 | 13835 | 1095 |
| &nbsp;&nbsp;&nbsp; 6934707, 5.441%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 3774 | 3489 | 279 |
| &nbsp;&nbsp;&nbsp; 6935211, 4.937%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 28277 | 26327 | 2093 |
| &nbsp;&nbsp;&nbsp; 6935831, 6.251%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 1876 | 1715 | 139 |
| &nbsp;&nbsp;&nbsp; 6935926, 5.188%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 3848 | 3571 | 285 |
| &nbsp;&nbsp;&nbsp; 6936350, 6.258%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 1800 | 1646 | 133 |
| &nbsp;&nbsp;&nbsp; 6936666, 5.439%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 7070 | 6550 | 523 |
| &nbsp;&nbsp;&nbsp; 6936862, 5.182%, 2/17/2025 †x¶#^ | Square | 8/21/2023 | 2128 | 1974 | 157 |
| &nbsp;&nbsp;&nbsp; 6937204, 5.582%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 40 | 37 | 3 |
| &nbsp;&nbsp;&nbsp; 6937842, 4.767%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 1575 | 1470 | 117 |
| &nbsp;&nbsp;&nbsp; 6937904, 4.937%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 7590 | 7148 | 562 |
| &nbsp;&nbsp;&nbsp; 6938002, 4.747%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 3128 | 2920 | 231 |
| &nbsp;&nbsp;&nbsp; 6938433, 4.762%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 2067 | 1929 | 153 |
| &nbsp;&nbsp;&nbsp; 6938465, 4.754%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 303 | 283 | 22 |
| &nbsp;&nbsp;&nbsp; 6938469, 6.172%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 2362 | 2162 | 175 |
| &nbsp;&nbsp;&nbsp; 6938776762, 26.533%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; 6938913, 6.006%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 2355 | 2160 | 174 |
| &nbsp;&nbsp;&nbsp; 6938931, 4.937%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 92319 | 85953 | 6832 |
| &nbsp;&nbsp;&nbsp; 6939130, 5.753%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 8614 | 7930 | 637 |
| &nbsp;&nbsp;&nbsp; 6939679, 4.748%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 26134 | 24396 | 1934 |
| &nbsp;&nbsp;&nbsp; 6940269107, 17.865%, 2/19/2025 †x¥#^ | Stripe | 12/14/2022 | 53914 | 56071 | 2696 |
| &nbsp;&nbsp;&nbsp; 6940465, 5.756%, 2/18/2025 †x¶#^ | Square | 8/22/2023 | 18765 | 17273 | 1389 |
| &nbsp;&nbsp;&nbsp; 6941271, 5.754%, 2/19/2025 †x¶#^ | Square | 8/23/2023 | 9030 | 8313 | 668 |
| &nbsp;&nbsp;&nbsp; 6941808, 4.755%, 2/19/2025 †x¶#^ | Square | 8/23/2023 | 1436 | 1340 | 106 |
| &nbsp;&nbsp;&nbsp; 6941884, 5.766%, 2/20/2025 †x¶#^ | Square | 8/23/2023 | 563 | 522 | 42 |
| &nbsp;&nbsp;&nbsp; 6942134, 6.006%, 2/20/2025 †x¶#^ | Square | 8/23/2023 | 1640 | 1505 | 121 |
| &nbsp;&nbsp;&nbsp; 6942180, 6.229%, 2/20/2025 †x¶#^ | Square | 8/23/2023 | 457 | 418 | 34 |
| &nbsp;&nbsp;&nbsp; 6942302, 6.162%, 2/20/2025 †x¶#^ | Square | 8/23/2023 | 1790 | 1639 | 132 |
| &nbsp;&nbsp;&nbsp; 6942407, 5.190%, 2/20/2025 †x¶#^ | Square | 8/23/2023 | 10601 | 9835 | 784 |
| &nbsp;&nbsp;&nbsp; 6942615, 6.258%, 2/20/2025 †x¶#^ | Square | 8/23/2023 | 1940 | 1774 | 144 |
| &nbsp;&nbsp;&nbsp; 6943006, 6.257%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 920 | 841 | 68 |
| &nbsp;&nbsp;&nbsp; 6943843345, 25.596%, 3/19/2027 †x¥ | Stripe | 9/23/2025 | 3982 | 4141 | 4203 |
| &nbsp;&nbsp;&nbsp; 6943911, 6.006%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 12576 | 11537 | 931 |
| &nbsp;&nbsp;&nbsp; 6944233, 5.368%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 1930 | 1786 | 143 |
| &nbsp;&nbsp;&nbsp; 6944479, 4.751%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 5289 | 4943 | 391 |
| &nbsp;&nbsp;&nbsp; 6944498, 5.755%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 29414 | 27077 | 2177 |
| &nbsp;&nbsp;&nbsp; 6944593, 5.758%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 5853 | 5388 | 433 |
| &nbsp;&nbsp;&nbsp; 6944818, 5.754%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 8315 | 7654 | 615 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6188** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6945407, 5.190%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | $6333 | $5876 | $469 |
| &nbsp;&nbsp;&nbsp; 6945601, 5.187%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 3620 | 3359 | 268 |
| &nbsp;&nbsp;&nbsp; 6945790784, 17.333%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 4102 | 4307 | 4309 |
| &nbsp;&nbsp;&nbsp; 694580331, 20.660%, 7/05/2025 †x¥#^ | Stripe | 1/10/2024 | 3041 | 3163 | 152 |
| &nbsp;&nbsp;&nbsp; 6946184, 4.654%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 6426 | 6007 | 476 |
| &nbsp;&nbsp;&nbsp; 6946277, 4.744%, 2/21/2025 †x¶#^ | Square | 8/23/2023 | 696 | 653 | 52 |
| &nbsp;&nbsp;&nbsp; 6947130350, 21.067%, 11/21/2023 †x¥#^ | Stripe | 9/02/2021 | 1212 | 1260 | 61 |
| &nbsp;&nbsp;&nbsp; 6948164, 6.261%, 2/22/2025 †x¶#^ | Square | 8/24/2023 | 1021 | 933 | 76 |
| &nbsp;&nbsp;&nbsp; 6949275, 5.376%, 2/22/2025 †x¶#^ | Square | 8/24/2023 | 4327 | 4005 | 320 |
| &nbsp;&nbsp;&nbsp; 6949304, 6.256%, 2/22/2025 †x¶#^ | Square | 8/24/2023 | 4593 | 4199 | 340 |
| &nbsp;&nbsp;&nbsp; 6949340051, 25.733%, 12/28/2024 †x¥#^ | Stripe | 7/06/2023 | 736 | 766 | 37 |
| &nbsp;&nbsp;&nbsp; 6949638, 5.376%, 2/22/2025 †x¶#^ | Square | 8/24/2023 | 1818 | 1682 | 135 |
| &nbsp;&nbsp;&nbsp; 6950111, 6.262%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 1389 | 1269 | 103 |
| &nbsp;&nbsp;&nbsp; 6950175, 6.415%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 1774 | 1618 | 131 |
| &nbsp;&nbsp;&nbsp; 6950441, 4.935%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 1635 | 1522 | 121 |
| &nbsp;&nbsp;&nbsp; 6950569, 4.656%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 5204 | 4865 | 385 |
| &nbsp;&nbsp;&nbsp; 6950794, 5.189%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 2308 | 2142 | 171 |
| &nbsp;&nbsp;&nbsp; 6951269, 4.753%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 1015 | 948 | 75 |
| &nbsp;&nbsp;&nbsp; 6951276, 5.571%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 2221 | 2050 | 164 |
| &nbsp;&nbsp;&nbsp; 6951683, 4.937%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 166075 | 154624 | 12290 |
| &nbsp;&nbsp;&nbsp; 6951944, 4.756%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 382 | 356 | 28 |
| &nbsp;&nbsp;&nbsp; 6951948622, 22.398%, 10/01/2026 †x¥ | Stripe | 4/07/2025 | 426 | 443 | 457 |
| &nbsp;&nbsp;&nbsp; 6951954, 5.453%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 49 | 45 | 4 |
| &nbsp;&nbsp;&nbsp; 6952072, 6.006%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 1686 | 1547 | 125 |
| &nbsp;&nbsp;&nbsp; 6952270, 5.189%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 11591 | 10754 | 858 |
| &nbsp;&nbsp;&nbsp; 6952886, 5.754%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 4868 | 4482 | 360 |
| &nbsp;&nbsp;&nbsp; 6952907, 5.190%, 2/23/2025 †x¶#^ | Square | 8/25/2023 | 4513 | 4187 | 334 |
| &nbsp;&nbsp;&nbsp; 6953774143, 21.187%, 10/22/2025 †x¥#^ | Stripe | 4/26/2024 | 6493 | 6752 | 325 |
| &nbsp;&nbsp;&nbsp; 6954735836, 17.569%, 4/18/2025 †x¥#^ | Stripe | 10/24/2023 | 999 | 1039 | 50 |
| &nbsp;&nbsp;&nbsp; 6954754, 6.263%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 711 | 650 | 53 |
| &nbsp;&nbsp;&nbsp; 6954959, 5.382%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 1152 | 1066 | 85 |
| &nbsp;&nbsp;&nbsp; 6955062997, 20.667%, 8/02/2024 †x¥#^ | Stripe | 2/07/2023 | 9146 | 9512 | 457 |
| &nbsp;&nbsp;&nbsp; 6955396, 5.746%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 1551 | 1428 | 115 |
| &nbsp;&nbsp;&nbsp; 6955595, 6.241%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 517 | 473 | 38 |
| &nbsp;&nbsp;&nbsp; 6956882, 5.570%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 2029 | 1873 | 150 |
| &nbsp;&nbsp;&nbsp; 69572810, 19.463%, 7/18/2025 †x¥#^ | Stripe | 4/27/2023 | 2190 | 2278 | 110 |
| &nbsp;&nbsp;&nbsp; 6957653, 4.747%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 205 | 192 | 15 |
| &nbsp;&nbsp;&nbsp; 6958054, 6.165%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 3414 | 3125 | 253 |
| &nbsp;&nbsp;&nbsp; 6958150, 5.761%, 2/24/2025 †x¶#^ | Square | 8/28/2023 | 1199 | 1115 | 89 |
| &nbsp;&nbsp;&nbsp; 6958457, 6.425%, 2/25/2025 †x¶#^ | Square | 8/29/2023 | 465 | 425 | 34 |
| &nbsp;&nbsp;&nbsp; 6960211, 6.006%, 2/25/2025 †x¶#^ | Square | 8/29/2023 | 59947 | 54992 | 4436 |
| &nbsp;&nbsp;&nbsp; 6961083, 5.749%, 2/25/2025 †x¶#^ | Square | 8/29/2023 | 1190 | 1095 | 88 |
| &nbsp;&nbsp;&nbsp; 6962016420, 22.000%, 8/07/2025 †x¥#^ | Stripe | 2/12/2024 | 3480 | 3619 | 174 |
| &nbsp;&nbsp;&nbsp; 6962062, 4.751%, 2/25/2025 †x¶#^ | Square | 8/29/2023 | 1182 | 1104 | 87 |
| &nbsp;&nbsp;&nbsp; 6962397, 5.554%, 2/26/2025 †x¶#^ | Square | 8/30/2023 | 906 | 837 | 67 |
| &nbsp;&nbsp;&nbsp; 6962534, 5.192%, 2/26/2025 †x¶#^ | Square | 8/30/2023 | 23 | 22 | 2 |
| &nbsp;&nbsp;&nbsp; 6962572, 4.654%, 2/26/2025 †x¶#^ | Square | 8/30/2023 | 16630 | 15545 | 1231 |
| &nbsp;&nbsp;&nbsp; 6962646, 6.262%, 2/26/2025 †x¶#^ | Square | 8/30/2023 | 2486 | 2273 | 184 |
| &nbsp;&nbsp;&nbsp; 6963032, 5.567%, 2/26/2025 †x¶#^ | Square | 8/30/2023 | 73 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; 6963038, 6.263%, 2/26/2025 †x¶#^ | Square | 8/30/2023 | 1648 | 1507 | 122 |
| &nbsp;&nbsp;&nbsp; 6963069, 5.193%, 2/27/2025 †x¶#^ | Square | 8/30/2023 | 7116 | 6602 | 527 |
| &nbsp;&nbsp;&nbsp; 6963217, 5.366%, 2/27/2025 †x¶#^ | Square | 8/30/2023 | 1249 | 1156 | 92 |
| &nbsp;&nbsp;&nbsp; 6963599, 6.417%, 2/27/2025 †x¶#^ | Square | 8/30/2023 | 2408 | 2205 | 178 |
| &nbsp;&nbsp;&nbsp; 6963660, 6.003%, 2/27/2025 †x¶#^ | Square | 8/30/2023 | 2284 | 2095 | 169 |
| &nbsp;&nbsp;&nbsp; 6965270, 6.255%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 2622 | 2397 | 194 |
| &nbsp;&nbsp;&nbsp; 6965727, 5.439%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 1213 | 1121 | 90 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6189** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6965839, 5.564%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | $9230 | $8519 | $683 |
| &nbsp;&nbsp;&nbsp; 6966165, 6.259%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 19501 | 17828 | 1443 |
| &nbsp;&nbsp;&nbsp; 6966236, 5.438%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 4902 | 4532 | 363 |
| &nbsp;&nbsp;&nbsp; 6966274, 6.010%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 3928 | 3603 | 291 |
| &nbsp;&nbsp;&nbsp; 6966359, 5.568%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 13881 | 12838 | 1027 |
| &nbsp;&nbsp;&nbsp; 6966415631, 25.600%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 8379 | 8798 | 8801 |
| &nbsp;&nbsp;&nbsp; 6967003, 4.931%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 498 | 464 | 37 |
| &nbsp;&nbsp;&nbsp; 6967003067, 22.389%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 1016 | 1057 | 1088 |
| &nbsp;&nbsp;&nbsp; 6967277, 5.757%, 2/28/2025 †x¶#^ | Square | 8/30/2023 | 8398 | 7730 | 621 |
| &nbsp;&nbsp;&nbsp; 6967686, 6.014%, 2/28/2025 †x¶#^ | Square | 8/31/2023 | 1625 | 1490 | 120 |
| &nbsp;&nbsp;&nbsp; 6967797, 5.192%, 2/28/2025 †x¶#^ | Square | 8/31/2023 | 5072 | 4705 | 375 |
| &nbsp;&nbsp;&nbsp; 6968908337, 19.723%, 4/26/2024 †x¥#^ | Stripe | 11/01/2022 | 5388 | 5604 | 269 |
| &nbsp;&nbsp;&nbsp; 6969690, 6.165%, 2/28/2025 †x¶#^ | Square | 8/31/2023 | 8204 | 7510 | 607 |
| &nbsp;&nbsp;&nbsp; 6969937, 5.737%, 2/28/2025 †x¶#^ | Square | 8/31/2023 | 715 | 659 | 53 |
| &nbsp;&nbsp;&nbsp; 6970168, 4.941%, 2/28/2025 †x¶#^ | Square | 8/31/2023 | 2266 | 2109 | 168 |
| &nbsp;&nbsp;&nbsp; 6970825, 5.741%, 2/28/2025 †x¶#^ | Square | 8/31/2023 | 341 | 314 | 25 |
| &nbsp;&nbsp;&nbsp; 6970840, 4.937%, 2/28/2025 †x¶#^ | Square | 8/31/2023 | 1113 | 1036 | 82 |
| &nbsp;&nbsp;&nbsp; 6971073, 4.937%, 2/28/2025 †x¶#^ | Square | 9/01/2023 | 12088 | 11255 | 895 |
| &nbsp;&nbsp;&nbsp; 6972714758, 26.532%, 3/19/2026 †x¥# | Stripe | 9/23/2024 | 7319 | 7612 | 366 |
| &nbsp;&nbsp;&nbsp; 6973496, 4.654%, 2/28/2025 †x¶#^ | Square | 9/01/2023 | 27332 | 25550 | 2023 |
| &nbsp;&nbsp;&nbsp; 6973564, 5.375%, 2/28/2025 †x¶#^ | Square | 9/01/2023 | 2792 | 2583 | 207 |
| &nbsp;&nbsp;&nbsp; 6974170, 4.642%, 2/28/2025 †x¶#^ | Square | 9/01/2023 | 1638 | 1531 | 121 |
| &nbsp;&nbsp;&nbsp; 6974190, 5.193%, 2/28/2025 †x¶#^ | Square | 9/01/2023 | 1930 | 1792 | 143 |
| &nbsp;&nbsp;&nbsp; 6976846776, 26.526%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 460 | 478 | 189 |
| &nbsp;&nbsp;&nbsp; 6977539667, 25.999%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 59589 | 62569 | 62700 |
| &nbsp;&nbsp;&nbsp; 6978080, 5.189%, 2/28/2025 †x¶#^ | Square | 9/05/2023 | 883 | 820 | 65 |
| &nbsp;&nbsp;&nbsp; 6978909, 6.416%, 2/28/2025 †x¶#^ | Square | 9/05/2023 | 953 | 870 | 71 |
| &nbsp;&nbsp;&nbsp; 6980864789, 21.451%, 8/07/2024 †x¥#^ | Stripe | 2/10/2023 | 1526 | 1587 | 76 |
| &nbsp;&nbsp;&nbsp; 6981919, 6.164%, 3/01/2025 †x¶#^ | Square | 9/06/2023 | 10509 | 9619 | 778 |
| &nbsp;&nbsp;&nbsp; 6982315, 5.754%, 3/01/2025 †x¶#^ | Square | 9/06/2023 | 400 | 368 | 30 |
| &nbsp;&nbsp;&nbsp; 6982703, 5.566%, 3/01/2025 †x¶#^ | Square | 9/06/2023 | 9370 | 8648 | 693 |
| &nbsp;&nbsp;&nbsp; 6983086, 4.937%, 3/01/2025 †x¶#^ | Square | 9/06/2023 | 17879 | 16646 | 1323 |
| &nbsp;&nbsp;&nbsp; 6985101, 5.761%, 3/02/2025 †x¶#^ | Square | 9/07/2023 | 3208 | 2953 | 237 |
| &nbsp;&nbsp;&nbsp; 6985472, 5.563%, 3/02/2025 †x¶#^ | Square | 9/07/2023 | 1489 | 1375 | 110 |
| &nbsp;&nbsp;&nbsp; 6985542, 4.944%, 3/03/2025 †x¶#^ | Square | 9/07/2023 | 2515 | 2341 | 186 |
| &nbsp;&nbsp;&nbsp; 6985595, 5.563%, 3/03/2025 †x¶#^ | Square | 9/07/2023 | 6361 | 5871 | 471 |
| &nbsp;&nbsp;&nbsp; 6986022299, 18.667%, 4/30/2027 †x¥ | Stripe | 3/13/2025 | 1346 | 1400 | 1425 |
| &nbsp;&nbsp;&nbsp; 6986241, 6.289%, 3/04/2025 †x¶#^ | Square | 9/07/2023 | 422 | 385 | 31 |
| &nbsp;&nbsp;&nbsp; 6986363, 5.383%, 3/04/2025 †x¶#^ | Square | 9/07/2023 | 4260 | 3944 | 315 |
| &nbsp;&nbsp;&nbsp; 6986419, 6.416%, 3/04/2025 †x¶#^ | Square | 9/07/2023 | 1276 | 1177 | 94 |
| &nbsp;&nbsp;&nbsp; 6986466, 5.736%, 3/04/2025 †x¶#^ | Square | 9/07/2023 | 708 | 652 | 52 |
| &nbsp;&nbsp;&nbsp; 6986676, 6.415%, 3/04/2025 †x¶#^ | Square | 9/07/2023 | 1416 | 1292 | 105 |
| &nbsp;&nbsp;&nbsp; 6986824, 4.937%, 3/04/2025 †x¶#^ | Square | 9/07/2023 | 40507 | 37714 | 2997 |
| &nbsp;&nbsp;&nbsp; 6987186, 6.428%, 3/04/2025 †x¶#^ | Square | 9/07/2023 | 1210 | 1103 | 90 |
| &nbsp;&nbsp;&nbsp; 6987965812, 26.476%, 12/26/2025 †x¥#^ | Stripe | 7/02/2024 | 957 | 995 | 48 |
| &nbsp;&nbsp;&nbsp; 6988541224, 24.920%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 2900 | 3045 | 3045 |
| &nbsp;&nbsp;&nbsp; 6988759, 5.375%, 3/05/2025 †x¶#^ | Square | 9/07/2023 | 4925 | 4558 | 364 |
| &nbsp;&nbsp;&nbsp; 6989927, 5.384%, 3/05/2025 †x¶#^ | Square | 9/07/2023 | 1313 | 1215 | 97 |
| &nbsp;&nbsp;&nbsp; 6990772, 5.374%, 3/06/2025 †x¶#^ | Square | 9/08/2023 | 5106 | 4763 | 378 |
| &nbsp;&nbsp;&nbsp; 6991181, 5.375%, 3/06/2025 †x¶#^ | Square | 9/08/2023 | 2441 | 2274 | 181 |
| &nbsp;&nbsp;&nbsp; 6992769, 4.752%, 3/06/2025 †x¶#^ | Square | 9/08/2023 | 295 | 275 | 22 |
| &nbsp;&nbsp;&nbsp; 6992779, 6.416%, 3/06/2025 †x¶#^ | Square | 9/08/2023 | 10520 | 9596 | 778 |
| &nbsp;&nbsp;&nbsp; 6993047, 4.654%, 3/06/2025 †x¶#^ | Square | 9/08/2023 | 68633 | 64155 | 5079 |
| &nbsp;&nbsp;&nbsp; 6995629, 6.259%, 3/07/2025 †x¶#^ | Square | 9/11/2023 | 4592 | 4198 | 340 |
| &nbsp;&nbsp;&nbsp; 6995985840, 18.667%, 6/26/2024 †x¥#^ | Stripe | 12/30/2022 | 11547 | 12008 | 577 |
| &nbsp;&nbsp;&nbsp; 6996049, 5.381%, 3/07/2025 †x¶#^ | Square | 9/11/2023 | 1140 | 1055 | 84 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6190** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 6997638027, 20.254%, 2/11/2025 †x¥#^ | Stripe | 8/17/2023 | $2778 | $2889 | $139 |
| &nbsp;&nbsp;&nbsp; 6997654, 5.189%, 3/07/2025 †x¶#^ | Square | 9/11/2023 | 829 | 769 | 61 |
| &nbsp;&nbsp;&nbsp; 6dc963f6-3ee3-4614-aed9-8f50d51fdac6, 18.900%, 11/14/2022 †x#^ | Funding Circle | 11/16/2017 | 5655 | 5655 | 1697 |
| &nbsp;&nbsp;&nbsp; 6f467b7c-7e83-4ce1-8e1d-94cf0d70bd72, 15.420%, 9/24/2018 †x#^ | Funding Circle | 12/26/2017 | 99566 | 99566 | 29870 |
| &nbsp;&nbsp;&nbsp; 7000539, 5.374%, 3/08/2025 †x¶#^ | Square | 9/12/2023 | 3282 | 3037 | 243 |
| &nbsp;&nbsp;&nbsp; 7000643, 5.440%, 3/08/2025 †x¶#^ | Square | 9/12/2023 | 559 | 517 | 41 |
| &nbsp;&nbsp;&nbsp; 7000914, 4.653%, 3/08/2025 †x¶#^ | Square | 9/12/2023 | 27856 | 26039 | 2061 |
| &nbsp;&nbsp;&nbsp; 7001406, 5.566%, 3/08/2025 †x¶#^ | Square | 9/12/2023 | 56362 | 52019 | 4171 |
| &nbsp;&nbsp;&nbsp; 7002905, 5.571%, 3/09/2025 †x¶#^ | Square | 9/13/2023 | 6676 | 6161 | 494 |
| &nbsp;&nbsp;&nbsp; 7003148, 5.757%, 3/09/2025 †x¶#^ | Square | 9/13/2023 | 1628 | 1498 | 120 |
| &nbsp;&nbsp;&nbsp; 7003235, 6.257%, 3/09/2025 †x¶#^ | Square | 9/13/2023 | 996 | 911 | 74 |
| &nbsp;&nbsp;&nbsp; 7003619, 4.938%, 3/10/2025 †x¶#^ | Square | 9/13/2023 | 7011 | 6528 | 519 |
| &nbsp;&nbsp;&nbsp; 7004148997, 20.665%, 4/19/2025 †x¥#^ | Stripe | 10/25/2023 | 20055 | 20858 | 1003 |
| &nbsp;&nbsp;&nbsp; 7004753, 5.187%, 3/11/2025 †x¶#^ | Square | 9/13/2023 | 8901 | 8259 | 659 |
| &nbsp;&nbsp;&nbsp; 7005067, 5.566%, 3/11/2025 †x¶#^ | Square | 9/13/2023 | 5934 | 5477 | 439 |
| &nbsp;&nbsp;&nbsp; 700527388, 22.388%, 6/27/2024 †x¥#^ | Stripe | 1/03/2023 | 5211 | 5420 | 261 |
| &nbsp;&nbsp;&nbsp; 7005943, 4.754%, 3/11/2025 †x¶#^ | Square | 9/13/2023 | 3696 | 3461 | 274 |
| &nbsp;&nbsp;&nbsp; 7006535, 5.189%, 3/11/2025 †x¶#^ | Square | 9/13/2023 | 93321 | 86582 | 6906 |
| &nbsp;&nbsp;&nbsp; 7007260, 4.751%, 3/11/2025 †x¶#^ | Square | 9/13/2023 | 3846 | 3590 | 285 |
| &nbsp;&nbsp;&nbsp; 7007316, 5.381%, 3/11/2025 †x¶#^ | Square | 9/13/2023 | 1421 | 1315 | 105 |
| &nbsp;&nbsp;&nbsp; 7007493371, 26.533%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 14000 | 14560 | 700 |
| &nbsp;&nbsp;&nbsp; 7007940780, 26.495%, 1/09/2026 †x¥#^ | Stripe | 7/16/2024 | 1525 | 1586 | 76 |
| &nbsp;&nbsp;&nbsp; 7009131, 5.563%, 3/12/2025 †x¶#^ | Square | 9/14/2023 | 8061 | 7440 | 596 |
| &nbsp;&nbsp;&nbsp; 7009397, 5.379%, 3/12/2025 †x¶#^ | Square | 9/14/2023 | 15496 | 14339 | 1147 |
| &nbsp;&nbsp;&nbsp; 7010086, 5.766%, 3/12/2025 †x¶#^ | Square | 9/14/2023 | 2137 | 1968 | 158 |
| &nbsp;&nbsp;&nbsp; 7010977, 4.654%, 3/13/2025 †x¶#^ | Square | 9/15/2023 | 25064 | 23569 | 1855 |
| &nbsp;&nbsp;&nbsp; 7012138, 5.191%, 3/13/2025 †x¶#^ | Square | 9/15/2023 | 3853 | 3574 | 285 |
| &nbsp;&nbsp;&nbsp; 7012341, 5.556%, 3/13/2025 †x¶#^ | Square | 9/15/2023 | 183 | 169 | 14 |
| &nbsp;&nbsp;&nbsp; 7012939, 4.746%, 3/13/2025 †x¶#^ | Square | 9/15/2023 | 1206 | 1126 | 89 |
| &nbsp;&nbsp;&nbsp; 7013148, 5.566%, 3/13/2025 †x¶#^ | Square | 9/15/2023 | 12742 | 11760 | 943 |
| &nbsp;&nbsp;&nbsp; 7013973, 5.475%, 3/13/2025 †x¶#^ | Square | 9/15/2023 | 50 | 46 | 4 |
| &nbsp;&nbsp;&nbsp; 7015700059, 15.176%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 2879 | 3023 | 3033 |
| &nbsp;&nbsp;&nbsp; 7017539, 5.373%, 3/14/2025 †x¶#^ | Square | 9/18/2023 | 3306 | 3059 | 245 |
| &nbsp;&nbsp;&nbsp; 7019049981, 19.320%, 12/15/2026 †x¥ | Stripe | 6/20/2025 | 2151 | 2237 | 2276 |
| &nbsp;&nbsp;&nbsp; 7020033, 5.565%, 3/14/2025 †x¶#^ | Square | 9/18/2023 | 9762 | 9010 | 722 |
| &nbsp;&nbsp;&nbsp; 7021912320, 18.132%, 1/03/2025 †x¥#^ | Stripe | 7/11/2023 | 11804 | 12276 | 590 |
| &nbsp;&nbsp;&nbsp; 7022074, 6.415%, 3/15/2025 †x¶#^ | Square | 9/19/2023 | 16088 | 14676 | 1191 |
| &nbsp;&nbsp;&nbsp; 7023028, 6.005%, 3/15/2025 †x¶#^ | Square | 9/19/2023 | 14996 | 13756 | 1110 |
| &nbsp;&nbsp;&nbsp; 7023347911, 19.195%, 7/29/2023 †x¥#^ | Stripe | 2/02/2022 | 2082 | 2166 | 104 |
| &nbsp;&nbsp;&nbsp; 7023567, 5.377%, 3/15/2025 †x¶#^ | Square | 9/19/2023 | 60444 | 55933 | 4473 |
| &nbsp;&nbsp;&nbsp; 7025585, 5.438%, 3/17/2025 †x¶#^ | Square | 9/20/2023 | 3565 | 3296 | 264 |
| &nbsp;&nbsp;&nbsp; 7025997, 4.737%, 3/17/2025 †x¶#^ | Square | 9/20/2023 | 367 | 342 | 27 |
| &nbsp;&nbsp;&nbsp; 7026262425, 21.600%, 6/25/2026 †x¥# | Stripe | 4/29/2024 | 3508 | 3649 | 175 |
| &nbsp;&nbsp;&nbsp; 7027261, 4.945%, 3/18/2025 †x¶#^ | Square | 9/20/2023 | 1097 | 1021 | 81 |
| &nbsp;&nbsp;&nbsp; 702793, 12.046%, 11/03/2018 †x¶#^ | Square | 5/05/2017 | 232 | 214 | 17 |
| &nbsp;&nbsp;&nbsp; 7028120297, 17.867%, 12/24/2026 †x¥ | Stripe | 6/30/2025 | 1040 | 1082 | 1100 |
| &nbsp;&nbsp;&nbsp; 7028359, 6.153%, 3/18/2025 †x¶#^ | Square | 9/20/2023 | 341 | 312 | 25 |
| &nbsp;&nbsp;&nbsp; 7028755, 5.428%, 3/18/2025 †x¶#^ | Square | 9/20/2023 | 1419 | 1312 | 105 |
| &nbsp;&nbsp;&nbsp; 7028799, 5.377%, 3/18/2025 †x¶#^ | Square | 9/20/2023 | 5892 | 5452 | 436 |
| &nbsp;&nbsp;&nbsp; 7029828, 5.375%, 3/18/2025 †x¶#^ | Square | 9/20/2023 | 1891 | 1750 | 140 |
| &nbsp;&nbsp;&nbsp; 7030228228, 20.800%, 10/30/2026 †x¥ | Stripe | 5/06/2025 | 588 | 612 | 624 |
| &nbsp;&nbsp;&nbsp; 7032289, 4.937%, 3/19/2025 †x¶#^ | Square | 9/21/2023 | 3344 | 3113 | 247 |
| &nbsp;&nbsp;&nbsp; 7032304, 4.937%, 3/19/2025 †x¶#^ | Square | 9/21/2023 | 15324 | 14268 | 1134 |
| &nbsp;&nbsp;&nbsp; 7032647, 6.163%, 3/19/2025 †x¶#^ | Square | 9/21/2023 | 10848 | 9930 | 803 |
| &nbsp;&nbsp;&nbsp; 7032729, 5.563%, 3/19/2025 †x¶#^ | Square | 9/21/2023 | 4696 | 4334 | 347 |
| &nbsp;&nbsp;&nbsp; 7033541, 4.939%, 3/19/2025 †x¶#^ | Square | 9/21/2023 | 2513 | 2341 | 186 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6191** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7034089, 5.752%, 3/19/2025 †x¶#^ | Square | 9/21/2023 | $2651 | $2441 | $196 |
| &nbsp;&nbsp;&nbsp; 7034129, 5.568%, 3/19/2025 †x¶#^ | Square | 9/21/2023 | 9623 | 8881 | 712 |
| &nbsp;&nbsp;&nbsp; 7034424, 5.376%, 3/20/2025 †x¶#^ | Square | 9/22/2023 | 3745 | 3466 | 277 |
| &nbsp;&nbsp;&nbsp; 7035068, 4.655%, 3/20/2025 †x¶#^ | Square | 9/22/2023 | 2744 | 2565 | 203 |
| &nbsp;&nbsp;&nbsp; 7036042789, 22.396%, 2/12/2027 †x¥ | Stripe | 12/20/2024 | 3887 | 4042 | 2226 |
| &nbsp;&nbsp;&nbsp; 7036405, 5.189%, 3/20/2025 †x¶#^ | Square | 9/22/2023 | 161739 | 150060 | 11969 |
| &nbsp;&nbsp;&nbsp; 7036870, 6.162%, 3/20/2025 †x¶#^ | Square | 9/22/2023 | 3100 | 2837 | 229 |
| &nbsp;&nbsp;&nbsp; 7039459722, 21.593%, 10/17/2025 †x¥#^ | Stripe | 7/28/2023 | 95 | 99 | 5 |
| &nbsp;&nbsp;&nbsp; 7041949, 6.259%, 3/21/2025 †x¶#^ | Square | 9/25/2023 | 5922 | 5414 | 438 |
| &nbsp;&nbsp;&nbsp; 7042218, 6.258%, 3/21/2025 †x¶#^ | Square | 9/25/2023 | 9480 | 8666 | 702 |
| &nbsp;&nbsp;&nbsp; 7043401, 5.565%, 3/21/2025 †x¶#^ | Square | 9/25/2023 | 1157 | 1068 | 86 |
| &nbsp;&nbsp;&nbsp; 7043751, 4.654%, 3/21/2025 †x¶#^ | Square | 9/25/2023 | 74951 | 70060 | 5546 |
| &nbsp;&nbsp;&nbsp; 7044243, 5.761%, 3/22/2025 †x¶#^ | Square | 9/26/2023 | 3124 | 2876 | 231 |
| &nbsp;&nbsp;&nbsp; 7045644620, 18.252%, 10/18/2025 †x¥#^ | Stripe | 4/24/2024 | 5839 | 6072 | 292 |
| &nbsp;&nbsp;&nbsp; 7046111, 6.010%, 3/22/2025 †x¶#^ | Square | 9/26/2023 | 3167 | 2914 | 234 |
| &nbsp;&nbsp;&nbsp; 7046785, 5.567%, 3/22/2025 †x¶#^ | Square | 9/26/2023 | 16957 | 15650 | 1255 |
| &nbsp;&nbsp;&nbsp; 7047015, 6.155%, 3/22/2025 †x¶#^ | Square | 9/26/2023 | 563 | 515 | 42 |
| &nbsp;&nbsp;&nbsp; 7047923, 6.253%, 3/23/2025 †x¶#^ | Square | 9/27/2023 | 6010 | 5495 | 445 |
| &nbsp;&nbsp;&nbsp; 7048550, 4.935%, 3/24/2025 †x¶#^ | Square | 9/27/2023 | 1748 | 1627 | 129 |
| &nbsp;&nbsp;&nbsp; 7048987, 6.426%, 3/25/2025 †x¶#^ | Square | 9/27/2023 | 1426 | 1301 | 106 |
| &nbsp;&nbsp;&nbsp; 704ff7c8-f206-409c-be3f-1189d9605ac7, 15.420%, 10/06/2023 †x#^ | Funding Circle | 4/09/2018 | 37801 | 37801 | 11340 |
| &nbsp;&nbsp;&nbsp; 7051532051, 20.769%, 7/17/2024 †x¥#^ | Stripe | 1/20/2023 | 168 | 175 | 8 |
| &nbsp;&nbsp;&nbsp; 7052011756, 19.333%, 9/14/2024 †x¥#^ | Stripe | 3/22/2023 | 1439 | 1497 | 72 |
| &nbsp;&nbsp;&nbsp; 7054123424, 19.597%, 6/06/2024 †x¥#^ | Stripe | 12/12/2022 | 14411 | 14988 | 721 |
| &nbsp;&nbsp;&nbsp; 7054210, 4.657%, 3/26/2025 †x¶#^ | Square | 9/28/2023 | 3086 | 2884 | 228 |
| &nbsp;&nbsp;&nbsp; 7054286, 5.565%, 3/26/2025 †x¶#^ | Square | 9/28/2023 | 3616 | 3338 | 268 |
| &nbsp;&nbsp;&nbsp; 7054302, 5.566%, 3/26/2025 †x¶#^ | Square | 9/28/2023 | 35888 | 33122 | 2656 |
| &nbsp;&nbsp;&nbsp; 7056119, 5.439%, 3/27/2025 †x¶#^ | Square | 9/29/2023 | 8576 | 7929 | 635 |
| &nbsp;&nbsp;&nbsp; 7057022828, 25.598%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 30648 | 32181 | 32180 |
| &nbsp;&nbsp;&nbsp; 7058086, 5.565%, 3/27/2025 †x¶#^ | Square | 9/29/2023 | 4835 | 4475 | 358 |
| &nbsp;&nbsp;&nbsp; 7061795940, 20.933%, 12/05/2025 †x¥#^ | Stripe | 6/11/2024 | 2631 | 2736 | 132 |
| &nbsp;&nbsp;&nbsp; 7065781150, 20.795%, 10/30/2026 †x¥ | Stripe | 5/06/2025 | 4744 | 4934 | 5001 |
| &nbsp;&nbsp;&nbsp; 7069990104, 26.526%, 6/16/2026 †x¥# | Stripe | 10/22/2024 | 3877 | 4032 | 194 |
| &nbsp;&nbsp;&nbsp; 7075654, 4.937%, 4/03/2025 †x¶#^ | Square | 10/05/2023 | 119362 | 111133 | 8833 |
| &nbsp;&nbsp;&nbsp; 7077625218, 20.848%, 1/30/2026 †x¥#^ | Stripe | 8/06/2024 | 614 | 639 | 31 |
| &nbsp;&nbsp;&nbsp; 7077959217, 26.500%, 11/16/2024 †x¥#^ | Stripe | 5/24/2023 | 768 | 799 | 38 |
| &nbsp;&nbsp;&nbsp; 7080833, 5.755%, 4/04/2025 †x¶#^ | Square | 10/06/2023 | 67326 | 61977 | 4982 |
| &nbsp;&nbsp;&nbsp; 7084913884, 20.242%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 1840 | 1914 | 92 |
| &nbsp;&nbsp;&nbsp; 7087099438, 24.000%, 9/08/2023 †x¥#^ | Stripe | 3/15/2022 | 1145 | 1191 | 57 |
| &nbsp;&nbsp;&nbsp; 7092183, 5.377%, 4/06/2025 †x¶#^ | Square | 10/11/2023 | 137138 | 126904 | 10148 |
| &nbsp;&nbsp;&nbsp; 7093458504, 16.000%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 4596 | 4826 | 4833 |
| &nbsp;&nbsp;&nbsp; 7095528846, 26.533%, 8/12/2025 †x¥#^ | Stripe | 2/15/2024 | 761 | 791 | 38 |
| &nbsp;&nbsp;&nbsp; 709605349, 19.152%, 4/01/2023 †x¥#^ | Stripe | 10/06/2021 | 245 | 254 | 12 |
| &nbsp;&nbsp;&nbsp; 7097160263, 16.238%, 12/15/2026 †x¥ | Stripe | 6/20/2025 | 305 | 318 | 323 |
| &nbsp;&nbsp;&nbsp; 70c06338-aa14-46d4-8098-f840fe94e244, 18.900%, 2/20/2019 †x#^ | Funding Circle | 8/20/2018 | 104514 | 104514 | 31354 |
| &nbsp;&nbsp;&nbsp; 710373653, 19.581%, 10/01/2024 †x¥#^ | Stripe | 4/06/2023 | 2194 | 2282 | 110 |
| &nbsp;&nbsp;&nbsp; 7108659484, 24.000%, 9/15/2023 †x¥#^ | Stripe | 3/22/2022 | 1219 | 1236 | 61 |
| &nbsp;&nbsp;&nbsp; 7110466068, 26.265%, 12/25/2024 †x¥#^ | Stripe | 6/30/2023 | 2817 | 2930 | 141 |
| &nbsp;&nbsp;&nbsp; 7110668, 4.654%, 4/13/2025 †x¶#^ | Square | 10/17/2023 | 47423 | 44328 | 3509 |
| &nbsp;&nbsp;&nbsp; 7114554996, 22.800%, 12/21/2023 †x¥#^ | Stripe | 10/01/2021 | 3676 | 3823 | 184 |
| &nbsp;&nbsp;&nbsp; 7115174, 5.377%, 4/16/2025 †x¶#^ | Square | 10/18/2023 | 81815 | 75709 | 6054 |
| &nbsp;&nbsp;&nbsp; 7119784858, 20.394%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 11478 | 12052 | 12052 |
| &nbsp;&nbsp;&nbsp; 7130418251, 26.527%, 12/26/2024 †x¥#^ | Stripe | 7/03/2023 | 11510 | 11970 | 575 |
| &nbsp;&nbsp;&nbsp; 7131337279, 21.333%, 12/03/2025 †x¥#^ | Stripe | 6/07/2024 | 1696 | 1763 | 319 |
| &nbsp;&nbsp;&nbsp; 7132652308, 25.538%, 12/24/2026 †x¥# | Stripe | 6/30/2025 | 569 | 592 | 109 |
| &nbsp;&nbsp;&nbsp; 7135198956, 26.519%, 1/03/2026 †x¥#^ | Stripe | 7/10/2024 | 400 | 416 | 77 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6192** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7136037007, 23.859%, 1/02/2025 †x¥#^ | Stripe | 7/10/2023 | $1833 | $1907 | $92 |
| &nbsp;&nbsp;&nbsp; 7137570, 5.566%, 4/20/2025 †x¶#^ | Square | 10/24/2023 | 135562 | 125117 | 10032 |
| &nbsp;&nbsp;&nbsp; 7146642885, 20.133%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 1555 | 1617 | 78 |
| &nbsp;&nbsp;&nbsp; 7149489644, 24.918%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 5946 | 6243 | 6242 |
| &nbsp;&nbsp;&nbsp; 7149897, 4.937%, 4/24/2025 †x¶#^ | Square | 10/26/2023 | 50829 | 47324 | 3761 |
| &nbsp;&nbsp;&nbsp; 7151369, 6.258%, 4/24/2025 †x¶#^ | Square | 10/26/2023 | 97681 | 89299 | 7228 |
| &nbsp;&nbsp;&nbsp; 7152551401, 24.889%, 4/03/2024 †x¥#^ | Stripe | 10/07/2022 | 200 | 208 | 10 |
| &nbsp;&nbsp;&nbsp; 7157477296, 16.794%, 12/27/2023 †x¥#^ | Stripe | 7/01/2022 | 8234 | 8563 | 412 |
| &nbsp;&nbsp;&nbsp; 7161165987, 26.529%, 12/16/2026 †x¥ | Stripe | 6/23/2025 | 131 | 136 | 139 |
| &nbsp;&nbsp;&nbsp; 7164235, 4.943%, 4/28/2025 †x¶#^ | Square | 11/01/2023 | 2183 | 2032 | 162 |
| &nbsp;&nbsp;&nbsp; 7164248, 5.376%, 4/28/2025 †x¶#^ | Square | 11/01/2023 | 2535 | 2346 | 188 |
| &nbsp;&nbsp;&nbsp; 7164324, 5.376%, 4/28/2025 †x¶#^ | Square | 11/01/2023 | 3293 | 3047 | 244 |
| &nbsp;&nbsp;&nbsp; 7165658, 5.443%, 4/29/2025 †x¶#^ | Square | 11/01/2023 | 625 | 578 | 46 |
| &nbsp;&nbsp;&nbsp; 7165759, 5.759%, 4/29/2025 †x¶#^ | Square | 11/01/2023 | 4064 | 3741 | 301 |
| &nbsp;&nbsp;&nbsp; 7165911, 5.758%, 4/29/2025 †x¶#^ | Square | 11/01/2023 | 1209 | 1113 | 89 |
| &nbsp;&nbsp;&nbsp; 7165995, 4.755%, 4/29/2025 †x¶#^ | Square | 11/01/2023 | 529 | 494 | 39 |
| &nbsp;&nbsp;&nbsp; 7167850, 5.571%, 4/30/2025 †x¶#^ | Square | 11/01/2023 | 5257 | 4852 | 389 |
| &nbsp;&nbsp;&nbsp; 7168068, 4.654%, 4/30/2025 †x¶#^ | Square | 11/01/2023 | 46408 | 43380 | 3434 |
| &nbsp;&nbsp;&nbsp; 7168460, 5.189%, 4/30/2025 †x¶#^ | Square | 11/01/2023 | 129486 | 120135 | 9582 |
| &nbsp;&nbsp;&nbsp; 7170019, 5.563%, 4/30/2025 †x¶#^ | Square | 11/01/2023 | 2131 | 1967 | 158 |
| &nbsp;&nbsp;&nbsp; 7170796717, 20.797%, 3/24/2024 †x¥#^ | Stripe | 8/02/2022 | 11185 | 11633 | 559 |
| &nbsp;&nbsp;&nbsp; 7170812, 5.191%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 3221 | 2992 | 238 |
| &nbsp;&nbsp;&nbsp; 717099144, 22.000%, 12/31/2024 †x¥#^ | Stripe | 7/07/2023 | 1922 | 1999 | 96 |
| &nbsp;&nbsp;&nbsp; 7171686, 5.562%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 4863 | 4488 | 360 |
| &nbsp;&nbsp;&nbsp; 7171896, 4.938%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 377 | 351 | 28 |
| &nbsp;&nbsp;&nbsp; 7172109, 6.259%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 746 | 682 | 55 |
| &nbsp;&nbsp;&nbsp; 7172208, 4.938%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 16799 | 15643 | 1243 |
| &nbsp;&nbsp;&nbsp; 7172745, 5.384%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 274 | 253 | 20 |
| &nbsp;&nbsp;&nbsp; 7173448276, 17.849%, 7/05/2025 †x¥#^ | Stripe | 1/10/2024 | 2067 | 2149 | 103 |
| &nbsp;&nbsp;&nbsp; 7173475, 4.937%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 5530 | 5164 | 409 |
| &nbsp;&nbsp;&nbsp; 7173701, 6.271%, 4/30/2025 †x¶#^ | Square | 11/02/2023 | 469 | 429 | 35 |
| &nbsp;&nbsp;&nbsp; 7173928, 6.161%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 2763 | 2530 | 204 |
| &nbsp;&nbsp;&nbsp; 7173941, 5.205%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 841 | 781 | 62 |
| &nbsp;&nbsp;&nbsp; 7174011, 4.935%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 4920 | 4581 | 364 |
| &nbsp;&nbsp;&nbsp; 7174832, 5.196%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 798 | 740 | 59 |
| &nbsp;&nbsp;&nbsp; 7174899, 5.377%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 2655 | 2457 | 196 |
| &nbsp;&nbsp;&nbsp; 717514468, 25.333%, 12/28/2023 †x¥#^ | Stripe | 7/05/2022 | 1579 | 1643 | 79 |
| &nbsp;&nbsp;&nbsp; 7176099, 4.654%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 80222 | 74990 | 5936 |
| &nbsp;&nbsp;&nbsp; 7176500, 5.567%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 8652 | 7985 | 640 |
| &nbsp;&nbsp;&nbsp; 7176905, 5.561%, 5/01/2025 †x¶#^ | Square | 11/03/2023 | 498 | 460 | 37 |
| &nbsp;&nbsp;&nbsp; 7179559, 5.371%, 5/02/2025 †x¶#^ | Square | 11/06/2023 | 1471 | 1362 | 109 |
| &nbsp;&nbsp;&nbsp; 7179904010, 20.000%, 7/04/2024 †x¥#^ | Stripe | 1/09/2023 | 2683 | 2791 | 134 |
| &nbsp;&nbsp;&nbsp; 7180179, 5.755%, 5/02/2025 †x¶#^ | Square | 11/06/2023 | 43915 | 40425 | 3250 |
| &nbsp;&nbsp;&nbsp; 7180676, 4.654%, 5/02/2025 †x¶#^ | Square | 11/06/2023 | 128184 | 119820 | 9486 |
| &nbsp;&nbsp;&nbsp; 7180785, 6.407%, 5/02/2025 †x¶#^ | Square | 11/06/2023 | 525 | 479 | 39 |
| &nbsp;&nbsp;&nbsp; 7181259954, 18.133%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 2191 | 2301 | 2307 |
| &nbsp;&nbsp;&nbsp; 7182398, 5.562%, 5/02/2025 †x¶#^ | Square | 11/06/2023 | 4127 | 3809 | 305 |
| &nbsp;&nbsp;&nbsp; 7182859890, 25.580%, 12/31/2026 †x¥ | Stripe | 7/08/2025 | 1757 | 1827 | 1847 |
| &nbsp;&nbsp;&nbsp; 7183581, 5.753%, 5/02/2025 †x¶#^ | Square | 11/06/2023 | 1346 | 1239 | 100 |
| &nbsp;&nbsp;&nbsp; 7183919, 4.752%, 5/03/2025 †x¶#^ | Square | 11/07/2023 | 726 | 678 | 54 |
| &nbsp;&nbsp;&nbsp; 7184082, 6.010%, 5/03/2025 †x¶#^ | Square | 11/07/2023 | 5469 | 5016 | 405 |
| &nbsp;&nbsp;&nbsp; 7184980, 5.746%, 5/03/2025 †x¶#^ | Square | 11/07/2023 | 1880 | 1735 | 139 |
| &nbsp;&nbsp;&nbsp; 7185888, 5.377%, 5/03/2025 †x¶#^ | Square | 11/07/2023 | 1308 | 1211 | 97 |
| &nbsp;&nbsp;&nbsp; 7186253, 4.749%, 5/03/2025 †x¶#^ | Square | 11/07/2023 | 10390 | 9699 | 769 |
| &nbsp;&nbsp;&nbsp; 7186607, 4.745%, 5/03/2025 †x¶#^ | Square | 11/07/2023 | 2363 | 2206 | 175 |
| &nbsp;&nbsp;&nbsp; 7187734437, 21.600%, 8/03/2025 †x¥#^ | Stripe | 6/09/2023 | 932 | 969 | 47 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6193** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7187867, 5.773%, 5/04/2025 †x¶#^ | Square | 11/08/2023 | $162 | $149 | $12 |
| &nbsp;&nbsp;&nbsp; 7187891298, 13.999%, 1/16/2027 †x¥ | Stripe | 7/23/2025 | 34191 | 35558 | 36028 |
| &nbsp;&nbsp;&nbsp; 7188818, 5.984%, 5/05/2025 †x¶#^ | Square | 11/08/2023 | 841 | 772 | 62 |
| &nbsp;&nbsp;&nbsp; 7189377240, 22.933%, 3/08/2024 †x¥#^ | Stripe | 9/13/2022 | 6457 | 6715 | 323 |
| &nbsp;&nbsp;&nbsp; 7190183, 6.000%, 5/06/2025 †x¶#^ | Square | 11/08/2023 | 1776 | 1629 | 131 |
| &nbsp;&nbsp;&nbsp; 7190718218, 20.400%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 10722 | 11151 | 6053 |
| &nbsp;&nbsp;&nbsp; 7192021, 5.377%, 5/06/2025 †x¶#^ | Square | 11/08/2023 | 24991 | 23126 | 1849 |
| &nbsp;&nbsp;&nbsp; 7192623, 6.392%, 5/06/2025 †x¶#^ | Square | 11/08/2023 | 466 | 426 | 35 |
| &nbsp;&nbsp;&nbsp; 7193373, 5.179%, 5/06/2025 †x¶#^ | Square | 11/08/2023 | 2264 | 2101 | 168 |
| &nbsp;&nbsp;&nbsp; 7194290, 5.189%, 5/07/2025 †x¶#^ | Square | 11/09/2023 | 36892 | 34228 | 2730 |
| &nbsp;&nbsp;&nbsp; 7194745, 5.563%, 5/07/2025 †x¶#^ | Square | 11/09/2023 | 6297 | 5812 | 466 |
| &nbsp;&nbsp;&nbsp; 7194776, 5.382%, 5/07/2025 †x¶#^ | Square | 11/09/2023 | 238 | 221 | 18 |
| &nbsp;&nbsp;&nbsp; 7195149, 5.189%, 5/07/2025 †x¶#^ | Square | 11/09/2023 | 4269 | 3960 | 316 |
| &nbsp;&nbsp;&nbsp; 7195275, 6.256%, 5/07/2025 †x¶#^ | Square | 11/09/2023 | 10379 | 9489 | 768 |
| &nbsp;&nbsp;&nbsp; 7195596, 6.007%, 5/07/2025 †x¶#^ | Square | 11/09/2023 | 1657 | 1520 | 123 |
| &nbsp;&nbsp;&nbsp; 7195644204, 25.544%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 549 | 571 | 320 |
| &nbsp;&nbsp;&nbsp; 7196859211, 26.095%, 6/20/2026 †x¥ | Stripe | 12/26/2024 | 151 | 157 | 163 |
| &nbsp;&nbsp;&nbsp; 7196920, 4.762%, 5/07/2025 †x¶#^ | Square | 11/09/2023 | 1201 | 1121 | 89 |
| &nbsp;&nbsp;&nbsp; 7198187024, 15.978%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 4253 | 4466 | 4466 |
| &nbsp;&nbsp;&nbsp; 7198466, 6.409%, 5/08/2025 †x¶#^ | Square | 11/10/2023 | 4828 | 4405 | 357 |
| &nbsp;&nbsp;&nbsp; 7198946599, 24.000%, 11/02/2024 †x¥#^ | Stripe | 5/10/2023 | 1033 | 1075 | 52 |
| &nbsp;&nbsp;&nbsp; 7200228, 5.745%, 5/08/2025 †x¶#^ | Square | 11/10/2023 | 1030 | 948 | 76 |
| &nbsp;&nbsp;&nbsp; 7200236198, 17.333%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 6700 | 7035 | 7035 |
| &nbsp;&nbsp;&nbsp; 7200304, 5.475%, 5/08/2025 †x¶#^ | Square | 11/10/2023 | 130 | 120 | 10 |
| &nbsp;&nbsp;&nbsp; 7200560, 6.006%, 5/08/2025 †x¶#^ | Square | 11/10/2023 | 2644 | 2425 | 196 |
| &nbsp;&nbsp;&nbsp; 7200912252, 21.185%, 10/23/2025 †x¥#^ | Stripe | 4/29/2024 | 1549 | 1611 | 77 |
| &nbsp;&nbsp;&nbsp; 7203285, 5.753%, 5/09/2025 †x¶#^ | Square | 11/13/2023 | 3484 | 3207 | 258 |
| &nbsp;&nbsp;&nbsp; 7204537, 5.440%, 5/09/2025 †x¶#^ | Square | 11/13/2023 | 264 | 244 | 20 |
| &nbsp;&nbsp;&nbsp; 7205177974, 17.846%, 4/08/2026 †x¥# | Stripe | 10/11/2024 | 3001 | 3121 | 150 |
| &nbsp;&nbsp;&nbsp; 7205544, 5.188%, 5/09/2025 †x¶#^ | Square | 11/13/2023 | 22541 | 20944 | 1668 |
| &nbsp;&nbsp;&nbsp; 7205934, 5.755%, 5/09/2025 †x¶#^ | Square | 11/13/2023 | 2115 | 1947 | 157 |
| &nbsp;&nbsp;&nbsp; 7207197, 4.653%, 5/09/2025 †x¶#^ | Square | 11/13/2023 | 5672 | 5302 | 420 |
| &nbsp;&nbsp;&nbsp; 7207478, 5.759%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 802 | 738 | 59 |
| &nbsp;&nbsp;&nbsp; 7208517, 5.427%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 557 | 515 | 41 |
| &nbsp;&nbsp;&nbsp; 7208814, 5.753%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 320 | 295 | 24 |
| &nbsp;&nbsp;&nbsp; 7208823, 4.937%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 136411 | 127005 | 10094 |
| &nbsp;&nbsp;&nbsp; 7209106, 4.655%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 38204 | 35710 | 2827 |
| &nbsp;&nbsp;&nbsp; 7209943, 4.740%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 608 | 568 | 45 |
| &nbsp;&nbsp;&nbsp; 7210068056, 15.200%, 1/08/2027 †x¥ | Stripe | 7/15/2025 | 9861 | 10255 | 10435 |
| &nbsp;&nbsp;&nbsp; 7210115, 4.750%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 11604 | 10833 | 859 |
| &nbsp;&nbsp;&nbsp; 7210395, 5.756%, 5/10/2025 †x¶#^ | Square | 11/14/2023 | 5964 | 5490 | 441 |
| &nbsp;&nbsp;&nbsp; 7210989, 4.749%, 5/11/2025 †x¶#^ | Square | 11/15/2023 | 4871 | 4547 | 360 |
| &nbsp;&nbsp;&nbsp; 7211457, 5.198%, 5/11/2025 †x¶#^ | Square | 11/15/2023 | 467 | 433 | 35 |
| &nbsp;&nbsp;&nbsp; 7211669001, 18.396%, 8/15/2023 †x¥#^ | Stripe | 2/17/2022 | 11003 | 11444 | 550 |
| &nbsp;&nbsp;&nbsp; 7211858, 4.654%, 5/12/2025 †x¶#^ | Square | 11/15/2023 | 19205 | 17952 | 1421 |
| &nbsp;&nbsp;&nbsp; 7215121, 6.007%, 5/13/2025 †x¶#^ | Square | 11/15/2023 | 73 | 67 | 5 |
| &nbsp;&nbsp;&nbsp; 7215356, 5.189%, 5/13/2025 †x¶#^ | Square | 11/15/2023 | 10510 | 9751 | 778 |
| &nbsp;&nbsp;&nbsp; 7215936989, 14.667%, 4/25/2025 †x¥#^ | Stripe | 10/31/2023 | 288 | 299 | 14 |
| &nbsp;&nbsp;&nbsp; 7215995, 5.377%, 5/13/2025 †x¶#^ | Square | 11/15/2023 | 18898 | 17488 | 1398 |
| &nbsp;&nbsp;&nbsp; 7216201, 5.376%, 5/13/2025 †x¶#^ | Square | 11/15/2023 | 11134 | 10303 | 824 |
| &nbsp;&nbsp;&nbsp; 7216370222, 19.199%, 10/04/2025 †x¥#^ | Stripe | 4/10/2024 | 32442 | 33739 | 1622 |
| &nbsp;&nbsp;&nbsp; 7216450, 6.164%, 5/13/2025 †x¶#^ | Square | 11/15/2023 | 6350 | 5812 | 470 |
| &nbsp;&nbsp;&nbsp; 7217193, 5.382%, 5/14/2025 †x¶#^ | Square | 11/16/2023 | 1642 | 1520 | 122 |
| &nbsp;&nbsp;&nbsp; 7217801824, 26.115%, 5/11/2026 †x¥# | Stripe | 9/16/2024 | 5384 | 5599 | 269 |
| &nbsp;&nbsp;&nbsp; 7217961, 5.753%, 5/14/2025 †x¶#^ | Square | 11/16/2023 | 487 | 449 | 36 |
| &nbsp;&nbsp;&nbsp; 7219060, 6.038%, 5/14/2025 †x¶#^ | Square | 11/16/2023 | 480 | 441 | 36 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6194** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7219932111, 21.441%, 12/05/2024 †x¥#^ | Stripe | 6/12/2023 | $2361 | $2456 | $118 |
| &nbsp;&nbsp;&nbsp; 7220334, 4.939%, 5/14/2025 †x¶#^ | Square | 11/16/2023 | 1462 | 1361 | 135 |
| &nbsp;&nbsp;&nbsp; 7220385, 5.440%, 5/14/2025 †x¶#^ | Square | 11/16/2023 | 3936 | 3639 | 291 |
| &nbsp;&nbsp;&nbsp; 7220458, 4.937%, 5/14/2025 †x¶#^ | Square | 11/16/2023 | 9878 | 9197 | 731 |
| &nbsp;&nbsp;&nbsp; 7220478885, 26.505%, 9/15/2026 †x¥# | Stripe | 3/20/2025 | 277 | 288 | 114 |
| &nbsp;&nbsp;&nbsp; 7221120, 5.379%, 5/15/2025 †x¶#^ | Square | 11/17/2023 | 3247 | 3004 | 240 |
| &nbsp;&nbsp;&nbsp; 7223278, 6.174%, 5/15/2025 †x¶#^ | Square | 11/17/2023 | 147 | 134 | 11 |
| &nbsp;&nbsp;&nbsp; 7223632, 5.561%, 5/15/2025 †x¶#^ | Square | 11/17/2023 | 158 | 146 | 16 |
| &nbsp;&nbsp;&nbsp; 7227086, 4.950%, 5/16/2025 †x¶#^ | Square | 11/20/2023 | 258 | 240 | 19 |
| &nbsp;&nbsp;&nbsp; 7227091, 6.235%, 5/16/2025 †x¶#^ | Square | 11/20/2023 | 1019 | 932 | 75 |
| &nbsp;&nbsp;&nbsp; 722730152, 17.596%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 6588 | 6852 | 6953 |
| &nbsp;&nbsp;&nbsp; 7227315, 6.258%, 5/16/2025 †x¶#^ | Square | 11/20/2023 | 4518 | 4130 | 334 |
| &nbsp;&nbsp;&nbsp; 7228074329, 22.000%, 8/27/2026 †x¥ | Stripe | 3/03/2025 | 6222 | 6471 | 6599 |
| &nbsp;&nbsp;&nbsp; 7231247, 5.769%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 472 | 435 | 35 |
| &nbsp;&nbsp;&nbsp; 7231253, 5.566%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 9958 | 9191 | 737 |
| &nbsp;&nbsp;&nbsp; 7231267, 5.189%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 3053 | 2833 | 226 |
| &nbsp;&nbsp;&nbsp; 7231663993, 26.476%, 12/15/2026 †x¥ | Stripe | 6/20/2025 | 873 | 907 | 920 |
| &nbsp;&nbsp;&nbsp; 7231732, 6.251%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 1914 | 1805 | 142 |
| &nbsp;&nbsp;&nbsp; 7231857234, 16.267%, 8/18/2023 †x¥#^ | Stripe | 2/23/2022 | 249 | 259 | 12 |
| &nbsp;&nbsp;&nbsp; 7232026, 5.745%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 769 | 708 | 57 |
| &nbsp;&nbsp;&nbsp; 7233503, 4.654%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 17613 | 16464 | 1303 |
| &nbsp;&nbsp;&nbsp; 7233620, 6.003%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 4738 | 4513 | 351 |
| &nbsp;&nbsp;&nbsp; 7234145252, 25.867%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 194 | 201 | 10 |
| &nbsp;&nbsp;&nbsp; 7234165, 5.374%, 5/17/2025 †x¶#^ | Square | 11/21/2023 | 5869 | 5431 | 434 |
| &nbsp;&nbsp;&nbsp; 7234543405, 20.261%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 6000 | 6240 | 300 |
| &nbsp;&nbsp;&nbsp; 7234821, 5.559%, 5/18/2025 †x¶#^ | Square | 11/22/2023 | 4188 | 3866 | 310 |
| &nbsp;&nbsp;&nbsp; 7235130, 4.745%, 5/18/2025 †x¶#^ | Square | 11/22/2023 | 2643 | 2468 | 196 |
| &nbsp;&nbsp;&nbsp; 7235728, 6.255%, 5/19/2025 †x¶#^ | Square | 11/22/2023 | 375 | 343 | 28 |
| &nbsp;&nbsp;&nbsp; 7235734, 5.564%, 5/19/2025 †x¶#^ | Square | 11/22/2023 | 5965 | 5506 | 441 |
| &nbsp;&nbsp;&nbsp; 7236351, 6.015%, 5/19/2025 †x¶#^ | Square | 11/22/2023 | 858 | 787 | 63 |
| &nbsp;&nbsp;&nbsp; 7238425, 5.188%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 12166 | 11288 | 900 |
| &nbsp;&nbsp;&nbsp; 7238705, 5.439%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 3642 | 3367 | 270 |
| &nbsp;&nbsp;&nbsp; 7238994, 5.377%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 138182 | 127868 | 10225 |
| &nbsp;&nbsp;&nbsp; 7239147, 5.189%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 5878 | 5454 | 435 |
| &nbsp;&nbsp;&nbsp; 7239148024, 26.505%, 12/01/2026 †x¥# | Stripe | 6/05/2025 | 3300 | 3432 | 165 |
| &nbsp;&nbsp;&nbsp; 7239331, 6.260%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 8868 | 8107 | 656 |
| &nbsp;&nbsp;&nbsp; 7239431, 5.189%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 11794 | 10942 | 873 |
| &nbsp;&nbsp;&nbsp; 7240244, 4.740%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 854 | 798 | 63 |
| &nbsp;&nbsp;&nbsp; 7240283, 5.754%, 5/20/2025 †x¶#^ | Square | 11/22/2023 | 7650 | 7042 | 566 |
| &nbsp;&nbsp;&nbsp; 7242631, 5.377%, 5/21/2025 †x¶#^ | Square | 11/24/2023 | 2132 | 1973 | 158 |
| &nbsp;&nbsp;&nbsp; 7242701249, 19.862%, 3/15/2024 †x¥#^ | Stripe | 9/20/2022 | 12550 | 13052 | 628 |
| &nbsp;&nbsp;&nbsp; 7242756, 6.261%, 5/21/2025 †x¶#^ | Square | 11/24/2023 | 1032 | 944 | 76 |
| &nbsp;&nbsp;&nbsp; 7242905789, 12.800%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 20677 | 21711 | 21728 |
| &nbsp;&nbsp;&nbsp; 7243099, 5.199%, 5/21/2025 †x¶#^ | Square | 11/24/2023 | 1243 | 1153 | 92 |
| &nbsp;&nbsp;&nbsp; 7243164, 4.741%, 5/21/2025 †x¶#^ | Square | 11/24/2023 | 1096 | 1023 | 81 |
| &nbsp;&nbsp;&nbsp; 7243491, 5.752%, 5/21/2025 †x¶#^ | Square | 11/24/2023 | 2659 | 2447 | 197 |
| &nbsp;&nbsp;&nbsp; 7243517862, 13.995%, 1/26/2027 †x¥ | Stripe | 7/31/2025 | 6451 | 6709 | 3512 |
| &nbsp;&nbsp;&nbsp; 7243560, 5.374%, 5/21/2025 †x¶#^ | Square | 11/24/2023 | 546 | 507 | 40 |
| &nbsp;&nbsp;&nbsp; 7244098, 6.401%, 5/21/2025 †x¶#^ | Square | 11/24/2023 | 506 | 462 | 37 |
| &nbsp;&nbsp;&nbsp; 7246881250, 21.188%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 6547 | 6809 | 327 |
| &nbsp;&nbsp;&nbsp; 7247522, 5.381%, 5/22/2025 †x¶#^ | Square | 11/27/2023 | 1942 | 1797 | 144 |
| &nbsp;&nbsp;&nbsp; 7248513871, 26.000%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 964 | 1012 | 1013 |
| &nbsp;&nbsp;&nbsp; 7248782, 5.189%, 5/22/2025 †x¶#^ | Square | 11/27/2023 | 1219 | 1158 | 90 |
| &nbsp;&nbsp;&nbsp; 7249119, 5.442%, 5/22/2025 †x¶#^ | Square | 11/27/2023 | 13898 | 12850 | 1028 |
| &nbsp;&nbsp;&nbsp; 7249165106, 26.527%, 8/09/2025 †x¥#^ | Stripe | 2/14/2024 | 5137 | 5343 | 257 |
| &nbsp;&nbsp;&nbsp; 7249180, 6.009%, 5/22/2025 †x¶#^ | Square | 11/27/2023 | 1604 | 1471 | 119 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6195** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7249244, 5.760%, 5/22/2025 †x¶#^ | Square | 11/27/2023 | $1133 | $1043 | $121 |
| &nbsp;&nbsp;&nbsp; 7249488, 4.654%, 5/22/2025 †x¶#^ | Square | 11/27/2023 | 15154 | 14165 | 1121 |
| &nbsp;&nbsp;&nbsp; 7251662, 5.440%, 5/23/2025 †x¶#^ | Square | 11/28/2023 | 9338 | 8633 | 691 |
| &nbsp;&nbsp;&nbsp; 7251849594, 26.500%, 11/15/2025 †x¥#^ | Stripe | 5/22/2024 | 2845 | 2958 | 142 |
| &nbsp;&nbsp;&nbsp; 7251885, 4.933%, 5/23/2025 †x¶#^ | Square | 11/28/2023 | 1506 | 1402 | 145 |
| &nbsp;&nbsp;&nbsp; 7251906, 6.279%, 5/23/2025 †x¶#^ | Square | 11/28/2023 | 687 | 628 | 51 |
| &nbsp;&nbsp;&nbsp; 7254679081, 19.333%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | 7259 | 7550 | 363 |
| &nbsp;&nbsp;&nbsp; 7254703, 6.014%, 5/25/2025 †x¶#^ | Square | 11/29/2023 | 2243 | 2057 | 166 |
| &nbsp;&nbsp;&nbsp; 7255384, 6.418%, 5/25/2025 †x¶#^ | Square | 11/29/2023 | 1845 | 1683 | 137 |
| &nbsp;&nbsp;&nbsp; 7255417, 6.000%, 5/25/2025 †x¶#^ | Square | 11/29/2023 | 1301 | 1193 | 96 |
| &nbsp;&nbsp;&nbsp; 7255529, 4.765%, 5/25/2025 †x¶#^ | Square | 11/29/2023 | 1712 | 1598 | 127 |
| &nbsp;&nbsp;&nbsp; 7255815, 6.000%, 5/25/2025 †x¶#^ | Square | 11/29/2023 | 827 | 758 | 80 |
| &nbsp;&nbsp;&nbsp; 7255874, 6.159%, 5/25/2025 †x¶#^ | Square | 11/29/2023 | 3239 | 2966 | 240 |
| &nbsp;&nbsp;&nbsp; 7256181, 4.936%, 5/26/2025 †x¶#^ | Square | 11/29/2023 | 16050 | 14944 | 1949 |
| &nbsp;&nbsp;&nbsp; 7256596, 5.189%, 5/26/2025 †x¶#^ | Square | 11/29/2023 | 2681 | 2487 | 198 |
| &nbsp;&nbsp;&nbsp; 7256655, 5.753%, 5/26/2025 †x¶#^ | Square | 11/29/2023 | 4642 | 4274 | 344 |
| &nbsp;&nbsp;&nbsp; 7257636051, 26.532%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 8900 | 9345 | 9345 |
| &nbsp;&nbsp;&nbsp; 7260935883, 14.241%, 4/09/2026 †x¥# | Stripe | 10/15/2024 | 1250 | 1300 | 226 |
| &nbsp;&nbsp;&nbsp; 7260962, 4.755%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 1396 | 1304 | 103 |
| &nbsp;&nbsp;&nbsp; 7260996, 6.021%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 1998 | 1832 | 148 |
| &nbsp;&nbsp;&nbsp; 7261015, 4.937%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 5218 | 4858 | 386 |
| &nbsp;&nbsp;&nbsp; 7261119403, 25.576%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 899 | 944 | 948 |
| &nbsp;&nbsp;&nbsp; 7261157, 5.378%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 3254 | 3011 | 241 |
| &nbsp;&nbsp;&nbsp; 7261208, 5.378%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 108 | 100 | 12 |
| &nbsp;&nbsp;&nbsp; 7261678, 5.755%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 4752 | 4374 | 352 |
| &nbsp;&nbsp;&nbsp; 7262613, 6.417%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 133 | 122 | 10 |
| &nbsp;&nbsp;&nbsp; 7262936169, 25.333%, 7/11/2024 †x¥#^ | Stripe | 1/17/2023 | 4943 | 5141 | 247 |
| &nbsp;&nbsp;&nbsp; 7263068, 5.377%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 14504 | 13421 | 1849 |
| &nbsp;&nbsp;&nbsp; 7263418, 5.758%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 6843 | 6299 | 506 |
| &nbsp;&nbsp;&nbsp; 7263484, 5.563%, 5/28/2025 †x¶#^ | Square | 11/30/2023 | 839 | 775 | 62 |
| &nbsp;&nbsp;&nbsp; 7267046857, 19.307%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 1971 | 2070 | 2083 |
| &nbsp;&nbsp;&nbsp; 7269675304, 20.400%, 2/25/2027 †x¥ | Stripe | 9/02/2025 | 5500 | 5720 | 5822 |
| &nbsp;&nbsp;&nbsp; 7274755432, 20.533%, 10/28/2025 †x¥#^ | Stripe | 5/02/2024 | 175210 | 182219 | 8761 |
| &nbsp;&nbsp;&nbsp; 7277619956, 20.375%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 976 | 1015 | 49 |
| &nbsp;&nbsp;&nbsp; 7278569013, 19.044%, 3/21/2024 †x¥#^ | Stripe | 9/26/2022 | 1115 | 1160 | 56 |
| &nbsp;&nbsp;&nbsp; 7279192730, 18.266%, 2/07/2024 †x¥#^ | Stripe | 12/14/2021 | 51324 | 53376 | 2566 |
| &nbsp;&nbsp;&nbsp; 7283017693, 22.130%, 8/20/2025 †x¥#^ | Stripe | 2/23/2024 | 12604 | 13108 | 630 |
| &nbsp;&nbsp;&nbsp; 7284743425, 16.533%, 11/07/2023 †x¥#^ | Stripe | 5/12/2022 | 60439 | 62856 | 3022 |
| &nbsp;&nbsp;&nbsp; 7288186989, 18.265%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 19157 | 20115 | 20150 |
| &nbsp;&nbsp;&nbsp; 7290130112, 17.464%, 4/17/2024 †x¥#^ | Stripe | 10/21/2022 | 20038 | 20840 | 1002 |
| &nbsp;&nbsp;&nbsp; 7290172978, 22.267%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 11745 | 12333 | 12383 |
| &nbsp;&nbsp;&nbsp; 7295258332, 19.855%, 8/09/2025 †x¥#^ | Stripe | 2/14/2024 | 2710 | 2818 | 135 |
| &nbsp;&nbsp;&nbsp; 7303250427, 25.333%, 3/06/2025 †x¥#^ | Stripe | 9/11/2023 | 4827 | 5020 | 241 |
| &nbsp;&nbsp;&nbsp; 7308400547, 22.400%, 5/03/2027 †x¥# | Stripe | 2/13/2025 | 12918 | 13435 | 646 |
| &nbsp;&nbsp;&nbsp; 7310263333, 21.999%, 6/27/2026 †x¥ | Stripe | 1/02/2025 | 5621 | 5846 | 5982 |
| &nbsp;&nbsp;&nbsp; 7311257402, 22.400%, 12/28/2024 †x¥#^ | Stripe | 7/06/2023 | 823 | 856 | 41 |
| &nbsp;&nbsp;&nbsp; 7313384, 5.378%, 6/12/2025 †x¶#^ | Square | 12/14/2023 | 36909 | 34154 | 4735 |
| &nbsp;&nbsp;&nbsp; 7315889940, 24.122%, 7/12/2024 †x¥#^ | Stripe | 7/11/2022 | 4732 | 4921 | 237 |
| &nbsp;&nbsp;&nbsp; 7316115446, 26.111%, 10/14/2026 †x¥ | Stripe | 4/18/2025 | 271 | 281 | 289 |
| &nbsp;&nbsp;&nbsp; 7318934834, 25.600%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 1834 | 1907 | 1923 |
| &nbsp;&nbsp;&nbsp; 7322265, 5.566%, 6/14/2025 †x¶#^ | Square | 12/18/2023 | 114868 | 106017 | 8500 |
| &nbsp;&nbsp;&nbsp; 7328884455, 24.933%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 1926 | 2022 | 2024 |
| &nbsp;&nbsp;&nbsp; 7339635758, 26.533%, 10/13/2026 †x¥# | Stripe | 4/17/2025 | 454 | 472 | 129 |
| &nbsp;&nbsp;&nbsp; 7340650323, 20.399%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 26830 | 28171 | 28227 |
| &nbsp;&nbsp;&nbsp; 7341400479, 24.000%, 8/08/2023 †x¥#^ | Stripe | 2/10/2022 | 393 | 408 | 20 |
| &nbsp;&nbsp;&nbsp; 7341747747, 26.444%, 12/29/2026 †x¥ | Stripe | 7/03/2025 | 685 | 713 | 720 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6196** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7341760006, 23.198%, 3/18/2025 †x¥#^ | Stripe | 9/21/2023 | $16042 | $16684 | $802 |
| &nbsp;&nbsp;&nbsp; 7342890642, 25.600%, 2/05/2027 †x¥ | Stripe | 8/12/2025 | 279 | 290 | 297 |
| &nbsp;&nbsp;&nbsp; 7348486047, 26.500%, 1/22/2027 †x¥ | Stripe | 7/29/2025 | 971 | 1010 | 1019 |
| &nbsp;&nbsp;&nbsp; 7350357288, 19.198%, 10/09/2024 †x¥#^ | Stripe | 4/14/2023 | 247 | 256 | 12 |
| &nbsp;&nbsp;&nbsp; 7352133692, 23.865%, 8/23/2025 †x¥#^ | Stripe | 6/27/2023 | 5833 | 6066 | 292 |
| &nbsp;&nbsp;&nbsp; 7353029225, 26.519%, 9/12/2025 †x¥#^ | Stripe | 3/19/2024 | 2701 | 2809 | 135 |
| &nbsp;&nbsp;&nbsp; 7353112007, 19.728%, 3/27/2024 †x¥#^ | Stripe | 9/30/2022 | 5445 | 5662 | 272 |
| &nbsp;&nbsp;&nbsp; 7356053635, 18.931%, 11/01/2026 †x¥# | Stripe | 3/07/2025 | 14101 | 14665 | 2611 |
| &nbsp;&nbsp;&nbsp; 7358429365, 25.600%, 1/06/2027 †x¥ | Stripe | 7/11/2025 | 2489 | 2589 | 2632 |
| &nbsp;&nbsp;&nbsp; 7358470555, 21.576%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 403 | 420 | 20 |
| &nbsp;&nbsp;&nbsp; 7358909289, 25.977%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 2054 | 2156 | 2168 |
| &nbsp;&nbsp;&nbsp; 7360513994, 22.397%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 6590 | 6853 | 329 |
| &nbsp;&nbsp;&nbsp; 7362447652, 17.333%, 8/26/2024 †x¥#^ | Stripe | 1/03/2023 | 12417 | 12914 | 621 |
| &nbsp;&nbsp;&nbsp; 7364390, 5.380%, 6/28/2025 †x¶#^ | Square | 1/02/2024 | 1139 | 1054 | 181 |
| &nbsp;&nbsp;&nbsp; 7365027688, 19.063%, 8/11/2023 †x¥#^ | Stripe | 2/15/2022 | 426 | 443 | 21 |
| &nbsp;&nbsp;&nbsp; 7365344, 4.940%, 6/28/2025 †x¶#^ | Square | 1/02/2024 | 2863 | 2667 | 212 |
| &nbsp;&nbsp;&nbsp; 7365650, 5.999%, 6/28/2025 †x¶#^ | Square | 1/02/2024 | 1036 | 951 | 77 |
| &nbsp;&nbsp;&nbsp; 7367907, 4.654%, 6/29/2025 †x¶#^ | Square | 1/03/2024 | 24572 | 22968 | 1818 |
| &nbsp;&nbsp;&nbsp; 7368345, 5.453%, 6/29/2025 †x¶#^ | Square | 1/03/2024 | 1059 | 979 | 78 |
| &nbsp;&nbsp;&nbsp; 736839647, 14.400%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 22245 | 23135 | 23595 |
| &nbsp;&nbsp;&nbsp; 7368409396, 26.533%, 6/09/2026 †x¥# | Stripe | 12/12/2024 | 5887 | 6122 | 294 |
| &nbsp;&nbsp;&nbsp; 7368671, 5.755%, 6/29/2025 †x¶#^ | Square | 1/03/2024 | 12666 | 11659 | 937 |
| &nbsp;&nbsp;&nbsp; 7369418, 4.938%, 6/29/2025 †x¶#^ | Square | 1/03/2024 | 3006 | 2799 | 222 |
| &nbsp;&nbsp;&nbsp; 7369435, 4.741%, 6/29/2025 †x¶#^ | Square | 1/03/2024 | 292 | 272 | 22 |
| &nbsp;&nbsp;&nbsp; 7370888114, 12.800%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 4521 | 4702 | 4740 |
| &nbsp;&nbsp;&nbsp; 7370906, 5.441%, 6/30/2025 †x¶#^ | Square | 1/04/2024 | 9778 | 9040 | 724 |
| &nbsp;&nbsp;&nbsp; 7370964, 5.758%, 6/30/2025 †x¶#^ | Square | 1/04/2024 | 64 | 59 | 8 |
| &nbsp;&nbsp;&nbsp; 7371640, 5.371%, 6/30/2025 †x¶#^ | Square | 1/04/2024 | 733 | 682 | 54 |
| &nbsp;&nbsp;&nbsp; 7371767, 6.263%, 6/30/2025 †x¶#^ | Square | 1/04/2024 | 3704 | 3386 | 274 |
| &nbsp;&nbsp;&nbsp; 7372113, 6.438%, 7/01/2025 †x¶#^ | Square | 1/04/2024 | 430 | 392 | 32 |
| &nbsp;&nbsp;&nbsp; 7372179, 5.559%, 7/01/2025 †x¶#^ | Square | 1/04/2024 | 594 | 549 | 44 |
| &nbsp;&nbsp;&nbsp; 737227417, 22.528%, 8/03/2025 †x¥#^ | Stripe | 5/26/2023 | 16012 | 16653 | 801 |
| &nbsp;&nbsp;&nbsp; 7372768800, 19.863%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 13970 | 14528 | 698 |
| &nbsp;&nbsp;&nbsp; 7373627, 6.030%, 7/02/2025 †x¶#^ | Square | 1/04/2024 | 657 | 603 | 49 |
| &nbsp;&nbsp;&nbsp; 7374455, 5.446%, 7/02/2025 †x¶#^ | Square | 1/04/2024 | 500 | 462 | 37 |
| &nbsp;&nbsp;&nbsp; 7374505698, 16.267%, 11/13/2025 †x¥#^ | Stripe | 5/20/2024 | 5213 | 5422 | 261 |
| &nbsp;&nbsp;&nbsp; 7375837, 6.184%, 7/02/2025 †x¶#^ | Square | 1/04/2024 | 93 | 85 | 17 |
| &nbsp;&nbsp;&nbsp; 7376055, 5.560%, 7/03/2025 †x¶#^ | Square | 1/05/2024 | 5550 | 5123 | 411 |
| &nbsp;&nbsp;&nbsp; 7376616, 4.751%, 7/03/2025 †x¶#^ | Square | 1/05/2024 | 613 | 572 | 45 |
| &nbsp;&nbsp;&nbsp; 7376920399, 24.000%, 3/20/2024 †x¥#^ | Stripe | 2/25/2022 | 2580 | 2683 | 129 |
| &nbsp;&nbsp;&nbsp; 7378258928, 17.595%, 7/16/2026 †x¥# | Stripe | 1/21/2025 | 2005 | 2085 | 372 |
| &nbsp;&nbsp;&nbsp; 7378726, 5.560%, 7/03/2025 †x¶#^ | Square | 1/05/2024 | 1793 | 1655 | 237 |
| &nbsp;&nbsp;&nbsp; 7379064, 5.755%, 7/03/2025 †x¶#^ | Square | 1/05/2024 | 3959 | 3644 | 293 |
| &nbsp;&nbsp;&nbsp; 7380360329, 20.491%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 987 | 1026 | 49 |
| &nbsp;&nbsp;&nbsp; 7381177, 4.936%, 7/04/2025 †x¶#^ | Square | 1/08/2024 | 2166 | 2017 | 160 |
| &nbsp;&nbsp;&nbsp; 7381237, 6.409%, 7/04/2025 †x¶#^ | Square | 1/08/2024 | 772 | 705 | 57 |
| &nbsp;&nbsp;&nbsp; 7381308, 5.373%, 7/04/2025 †x¶#^ | Square | 1/08/2024 | 4047 | 3753 | 299 |
| &nbsp;&nbsp;&nbsp; 7382019, 5.753%, 7/04/2025 †x¶#^ | Square | 1/08/2024 | 1251 | 1151 | 93 |
| &nbsp;&nbsp;&nbsp; 7382149, 5.567%, 7/04/2025 †x¶#^ | Square | 1/08/2024 | 25251 | 23305 | 1869 |
| &nbsp;&nbsp;&nbsp; 7382282064, 23.143%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 1006 | 1046 | 50 |
| &nbsp;&nbsp;&nbsp; 7383828, 6.172%, 7/04/2025 †x¶#^ | Square | 1/08/2024 | 1088 | 996 | 81 |
| &nbsp;&nbsp;&nbsp; 7383838, 5.390%, 7/04/2025 †x¶#^ | Square | 1/08/2024 | 230 | 213 | 32 |
| &nbsp;&nbsp;&nbsp; 7384965, 4.937%, 7/05/2025 †x¶#^ | Square | 1/09/2024 | 9700 | 9032 | 718 |
| &nbsp;&nbsp;&nbsp; 7385459, 5.187%, 7/05/2025 †x¶#^ | Square | 1/09/2024 | 5395 | 5005 | 399 |
| &nbsp;&nbsp;&nbsp; 7385992, 6.184%, 7/05/2025 †x¶#^ | Square | 1/09/2024 | 699 | 639 | 52 |
| &nbsp;&nbsp;&nbsp; 7386101, 6.420%, 7/05/2025 †x¶#^ | Square | 1/09/2024 | 3744 | 3415 | 277 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6197** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7386119, 6.258%, 7/05/2025 †x¶#^ | Square | 1/09/2024 | $1708 | $1562 | $126 |
| &nbsp;&nbsp;&nbsp; 7386852, 4.654%, 7/05/2025 †x¶#^ | Square | 1/09/2024 | 53118 | 49652 | 4986 |
| &nbsp;&nbsp;&nbsp; 7387094, 4.743%, 7/06/2025 †x¶#^ | Square | 1/10/2024 | 914 | 853 | 68 |
| &nbsp;&nbsp;&nbsp; 7387226, 5.743%, 7/06/2025 †x¶#^ | Square | 1/10/2024 | 2553 | 2350 | 189 |
| &nbsp;&nbsp;&nbsp; 7387422, 6.269%, 7/06/2025 †x¶#^ | Square | 1/10/2024 | 2643 | 2416 | 196 |
| &nbsp;&nbsp;&nbsp; 7387820, 6.273%, 7/07/2025 †x¶#^ | Square | 1/10/2024 | 716 | 654 | 53 |
| &nbsp;&nbsp;&nbsp; 7388165, 5.189%, 7/07/2025 †x¶#^ | Square | 1/10/2024 | 3239 | 3005 | 240 |
| &nbsp;&nbsp;&nbsp; 738864469, 20.800%, 7/26/2024 †x¥#^ | Stripe | 1/31/2023 | 765 | 796 | 38 |
| &nbsp;&nbsp;&nbsp; 7390315, 4.654%, 7/08/2025 †x¶#^ | Square | 1/10/2024 | 69901 | 65339 | 5173 |
| &nbsp;&nbsp;&nbsp; 7390741, 5.741%, 7/08/2025 †x¶#^ | Square | 1/10/2024 | 8 | 8 | 1 |
| &nbsp;&nbsp;&nbsp; 7390748, 5.756%, 7/08/2025 †x¶#^ | Square | 1/10/2024 | 10173 | 9402 | 753 |
| &nbsp;&nbsp;&nbsp; 7391077, 6.013%, 7/08/2025 †x¶#^ | Square | 1/10/2024 | 1573 | 1443 | 116 |
| &nbsp;&nbsp;&nbsp; 7391322811, 17.865%, 1/10/2025 †x¥#^ | Stripe | 12/12/2022 | 26430 | 27487 | 1321 |
| &nbsp;&nbsp;&nbsp; 7391428, 5.746%, 7/08/2025 †x¶#^ | Square | 1/10/2024 | 1746 | 1608 | 129 |
| &nbsp;&nbsp;&nbsp; 7391445, 5.376%, 7/08/2025 †x¶#^ | Square | 1/10/2024 | 5677 | 5254 | 420 |
| &nbsp;&nbsp;&nbsp; 7391571, 5.380%, 7/09/2025 †x¶#^ | Square | 1/11/2024 | 2284 | 2113 | 169 |
| &nbsp;&nbsp;&nbsp; 7391881833, 25.600%, 2/20/2027 †x¥ | Stripe | 8/27/2025 | 22118 | 23003 | 23282 |
| &nbsp;&nbsp;&nbsp; 739193047, 23.667%, 2/28/2024 †x¥#^ | Stripe | 9/02/2022 | 921 | 958 | 46 |
| &nbsp;&nbsp;&nbsp; 7391974, 5.740%, 7/09/2025 †x¶#^ | Square | 1/11/2024 | 762 | 702 | 56 |
| &nbsp;&nbsp;&nbsp; 7392879, 5.571%, 7/09/2025 †x¶#^ | Square | 1/11/2024 | 1934 | 1785 | 143 |
| &nbsp;&nbsp;&nbsp; 7393439, 6.258%, 7/09/2025 †x¶#^ | Square | 1/11/2024 | 44450 | 40636 | 3289 |
| &nbsp;&nbsp;&nbsp; 7393880, 6.163%, 7/09/2025 †x¶#^ | Square | 1/11/2024 | 3025 | 2769 | 224 |
| &nbsp;&nbsp;&nbsp; 7394650, 5.379%, 7/10/2025 †x¶#^ | Square | 1/12/2024 | 733 | 678 | 54 |
| &nbsp;&nbsp;&nbsp; 7394928, 6.141%, 7/10/2025 †x¶#^ | Square | 1/12/2024 | 215 | 197 | 34 |
| &nbsp;&nbsp;&nbsp; 7395123254, 22.262%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 4750 | 4988 | 5004 |
| &nbsp;&nbsp;&nbsp; 7397889863, 26.133%, 5/20/2026 †x¥ | Stripe | 11/22/2024 | 222 | 231 | 238 |
| &nbsp;&nbsp;&nbsp; 7399707414, 22.267%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 44449 | 46671 | 46678 |
| &nbsp;&nbsp;&nbsp; 73dabe21-9a77-4962-b690-4df197cfb9b5, 20.290%, 1/30/2020 †x#^ | Funding Circle | 10/30/2017 | 28464 | 28464 | 8539 |
| &nbsp;&nbsp;&nbsp; 7400597, 4.722%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 186 | 174 | 14 |
| &nbsp;&nbsp;&nbsp; 7401011605, 17.333%, 10/31/2023 †x¥#^ | Stripe | 5/05/2022 | 13680 | 14227 | 684 |
| &nbsp;&nbsp;&nbsp; 7401158, 6.006%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 2325 | 2132 | 172 |
| &nbsp;&nbsp;&nbsp; 7401905, 6.008%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 3502 | 3213 | 259 |
| &nbsp;&nbsp;&nbsp; 7401954, 5.984%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 1168 | 1072 | 86 |
| &nbsp;&nbsp;&nbsp; 7402269, 6.254%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 5716 | 5226 | 423 |
| &nbsp;&nbsp;&nbsp; 7402499, 5.378%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 255 | 236 | 39 |
| &nbsp;&nbsp;&nbsp; 7402541, 6.417%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 9326 | 8509 | 690 |
| &nbsp;&nbsp;&nbsp; 7403059, 5.377%, 7/11/2025 †x¶#^ | Square | 1/16/2024 | 41545 | 38444 | 3074 |
| &nbsp;&nbsp;&nbsp; 7404161, 5.560%, 7/12/2025 †x¶#^ | Square | 1/17/2024 | 1302 | 1202 | 96 |
| &nbsp;&nbsp;&nbsp; 7404472, 6.151%, 7/12/2025 †x¶#^ | Square | 1/17/2024 | 225 | 206 | 17 |
| &nbsp;&nbsp;&nbsp; 7404876, 4.940%, 7/12/2025 †x¶#^ | Square | 1/17/2024 | 10355 | 9640 | 766 |
| &nbsp;&nbsp;&nbsp; 7405251822, 17.733%, 9/27/2023 †x¥#^ | Stripe | 4/01/2022 | 10300 | 10712 | 515 |
| &nbsp;&nbsp;&nbsp; 7405433, 5.375%, 7/12/2025 †x¶#^ | Square | 1/17/2024 | 4153 | 3843 | 307 |
| &nbsp;&nbsp;&nbsp; 7405845, 4.938%, 7/12/2025 †x¶#^ | Square | 1/17/2024 | 13836 | 12882 | 1024 |
| &nbsp;&nbsp;&nbsp; 7406098, 5.755%, 7/12/2025 †x¶#^ | Square | 1/17/2024 | 99379 | 91482 | 7354 |
| &nbsp;&nbsp;&nbsp; 7407029991, 23.733%, 1/17/2025 †x¥#^ | Stripe | 7/25/2023 | 1611 | 1676 | 81 |
| &nbsp;&nbsp;&nbsp; 7407384, 5.753%, 7/14/2025 †x¶#^ | Square | 1/18/2024 | 1420 | 1307 | 105 |
| &nbsp;&nbsp;&nbsp; 7407685, 4.745%, 7/14/2025 †x¶#^ | Square | 1/18/2024 | 3550 | 3314 | 263 |
| &nbsp;&nbsp;&nbsp; 7407878, 6.266%, 7/15/2025 †x¶#^ | Square | 1/18/2024 | 2363 | 2160 | 175 |
| &nbsp;&nbsp;&nbsp; 7408480, 5.575%, 7/15/2025 †x¶#^ | Square | 1/18/2024 | 2895 | 2672 | 214 |
| &nbsp;&nbsp;&nbsp; 7408590574, 26.533%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 619 | 643 | 31 |
| &nbsp;&nbsp;&nbsp; 7410677, 6.161%, 7/16/2025 †x¶#^ | Square | 1/18/2024 | 6282 | 5756 | 465 |
| &nbsp;&nbsp;&nbsp; 7411981916, 26.115%, 9/04/2026 †x¥# | Stripe | 3/11/2025 | 2002 | 2082 | 100 |
| &nbsp;&nbsp;&nbsp; 7412362, 6.158%, 7/17/2025 †x¶#^ | Square | 1/19/2024 | 520 | 476 | 38 |
| &nbsp;&nbsp;&nbsp; 7413696, 6.400%, 7/17/2025 †x¶#^ | Square | 1/19/2024 | 82 | 75 | 6 |
| &nbsp;&nbsp;&nbsp; 7414165, 4.743%, 7/17/2025 †x¶#^ | Square | 1/19/2024 | 2840 | 2652 | 210 |
| &nbsp;&nbsp;&nbsp; 7416143, 6.004%, 7/18/2025 †x¶#^ | Square | 1/22/2024 | 5651 | 5184 | 418 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6198** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 741628865, 26.533%, 1/09/2026 †x¥#^ | Stripe | 7/16/2024 | $23789 | $24741 | $1189 |
| &nbsp;&nbsp;&nbsp; 7417863, 5.755%, 7/18/2025 †x¶#^ | Square | 1/22/2024 | 28480 | 26217 | 2108 |
| &nbsp;&nbsp;&nbsp; 7418987, 6.439%, 7/18/2025 †x¶#^ | Square | 1/22/2024 | 184 | 168 | 14 |
| &nbsp;&nbsp;&nbsp; 7418994, 5.566%, 7/18/2025 †x¶#^ | Square | 1/22/2024 | 8268 | 7631 | 612 |
| &nbsp;&nbsp;&nbsp; 7419030, 5.377%, 7/18/2025 †x¶#^ | Square | 1/22/2024 | 8498 | 7864 | 629 |
| &nbsp;&nbsp;&nbsp; 7419132, 4.937%, 7/18/2025 †x¶#^ | Square | 1/22/2024 | 128549 | 119708 | 9513 |
| &nbsp;&nbsp;&nbsp; 7419390698, 14.667%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 19421 | 20392 | 20401 |
| &nbsp;&nbsp;&nbsp; 7420680, 5.481%, 7/19/2025 †x¶#^ | Square | 1/23/2024 | 803 | 742 | 59 |
| &nbsp;&nbsp;&nbsp; 7421716, 4.752%, 7/19/2025 †x¶#^ | Square | 1/23/2024 | 7164 | 6687 | 530 |
| &nbsp;&nbsp;&nbsp; 7422378557, 22.000%, 8/11/2026 †x¥# | Stripe | 2/13/2025 | 364 | 379 | 100 |
| &nbsp;&nbsp;&nbsp; 7422465, 6.260%, 7/20/2025 †x¶#^ | Square | 1/24/2024 | 3853 | 3523 | 285 |
| &nbsp;&nbsp;&nbsp; 7422980, 6.263%, 7/20/2025 †x¶#^ | Square | 1/24/2024 | 5022 | 4601 | 372 |
| &nbsp;&nbsp;&nbsp; 7423000, 4.656%, 7/20/2025 †x¶#^ | Square | 1/24/2024 | 2823 | 2639 | 209 |
| &nbsp;&nbsp;&nbsp; 7423042, 5.566%, 7/20/2025 †x¶#^ | Square | 1/24/2024 | 9184 | 8476 | 680 |
| &nbsp;&nbsp;&nbsp; 7423140, 4.743%, 7/20/2025 †x¶#^ | Square | 1/24/2024 | 2323 | 2169 | 172 |
| &nbsp;&nbsp;&nbsp; 7423499, 4.938%, 7/21/2025 †x¶#^ | Square | 1/24/2024 | 2517 | 2343 | 240 |
| &nbsp;&nbsp;&nbsp; 7423614, 5.566%, 7/21/2025 †x¶#^ | Square | 1/24/2024 | 13881 | 12812 | 1027 |
| &nbsp;&nbsp;&nbsp; 7423858, 5.741%, 7/22/2025 †x¶#^ | Square | 1/24/2024 | 223 | 205 | 16 |
| &nbsp;&nbsp;&nbsp; 7424287, 4.939%, 7/22/2025 †x¶#^ | Square | 1/24/2024 | 12540 | 11675 | 928 |
| &nbsp;&nbsp;&nbsp; 7424566, 6.150%, 7/22/2025 †x¶#^ | Square | 1/24/2024 | 1083 | 991 | 80 |
| &nbsp;&nbsp;&nbsp; 7424802, 5.753%, 7/22/2025 †x¶#^ | Square | 1/24/2024 | 9433 | 8683 | 821 |
| &nbsp;&nbsp;&nbsp; 7425182, 6.141%, 7/22/2025 †x¶#^ | Square | 1/24/2024 | 820 | 751 | 61 |
| &nbsp;&nbsp;&nbsp; 7425543, 5.565%, 7/22/2025 †x¶#^ | Square | 1/24/2024 | 15464 | 14273 | 3462 |
| &nbsp;&nbsp;&nbsp; 7426783, 4.654%, 7/22/2025 †x¶#^ | Square | 1/24/2024 | 4669 | 4365 | 346 |
| &nbsp;&nbsp;&nbsp; 7427417, 6.259%, 7/23/2025 †x¶#^ | Square | 1/25/2024 | 11255 | 10289 | 833 |
| &nbsp;&nbsp;&nbsp; 7427677090, 21.590%, 6/29/2024 †x¥#^ | Stripe | 1/05/2023 | 1376 | 1431 | 69 |
| &nbsp;&nbsp;&nbsp; 7428357, 6.003%, 7/23/2025 †x¶#^ | Square | 1/25/2024 | 1536 | 1413 | 312 |
| &nbsp;&nbsp;&nbsp; 7428805, 5.377%, 7/23/2025 †x¶#^ | Square | 1/25/2024 | 29701 | 27591 | 3001 |
| &nbsp;&nbsp;&nbsp; 7429020540, 13.999%, 1/21/2027 †x¥ | Stripe | 7/28/2025 | 27183 | 28270 | 28491 |
| &nbsp;&nbsp;&nbsp; 7429678, 5.189%, 7/23/2025 †x¶#^ | Square | 1/25/2024 | 64378 | 59732 | 4764 |
| &nbsp;&nbsp;&nbsp; 7430577, 4.654%, 7/24/2025 †x¶#^ | Square | 1/26/2024 | 11392 | 10648 | 843 |
| &nbsp;&nbsp;&nbsp; 743151861, 26.526%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 3234 | 3363 | 3421 |
| &nbsp;&nbsp;&nbsp; 7431911, 5.442%, 7/24/2025 †x¶#^ | Square | 1/26/2024 | 2189 | 2023 | 162 |
| &nbsp;&nbsp;&nbsp; 7431994, 6.415%, 7/24/2025 †x¶#^ | Square | 1/26/2024 | 124 | 113 | 9 |
| &nbsp;&nbsp;&nbsp; 7432127, 5.755%, 7/24/2025 †x¶#^ | Square | 1/26/2024 | 29663 | 27340 | 2195 |
| &nbsp;&nbsp;&nbsp; 7433148, 5.451%, 7/24/2025 †x¶#^ | Square | 1/26/2024 | 754 | 697 | 56 |
| &nbsp;&nbsp;&nbsp; 7433928719, 15.066%, 12/31/2023 †x¥#^ | Stripe | 5/06/2022 | 24452 | 25430 | 1223 |
| &nbsp;&nbsp;&nbsp; 7434203661, 23.333%, 11/28/2025 †x¥#^ | Stripe | 6/04/2024 | 1809 | 1881 | 90 |
| &nbsp;&nbsp;&nbsp; 7435508, 4.656%, 7/25/2025 †x¶#^ | Square | 1/29/2024 | 1393 | 1302 | 103 |
| &nbsp;&nbsp;&nbsp; 7435583, 4.654%, 7/25/2025 †x¶#^ | Square | 1/29/2024 | 5376 | 5026 | 398 |
| &nbsp;&nbsp;&nbsp; 7438576, 4.651%, 7/25/2025 †x¶#^ | Square | 1/29/2024 | 7642 | 7144 | 566 |
| &nbsp;&nbsp;&nbsp; 7439454, 4.937%, 7/26/2025 †x¶#^ | Square | 1/30/2024 | 14202 | 13224 | 1051 |
| &nbsp;&nbsp;&nbsp; 7440009, 5.556%, 7/26/2025 †x¶#^ | Square | 1/30/2024 | 1183 | 1093 | 88 |
| &nbsp;&nbsp;&nbsp; 7440614, 5.756%, 7/26/2025 †x¶#^ | Square | 1/30/2024 | 2755 | 2536 | 204 |
| &nbsp;&nbsp;&nbsp; 7440809, 5.189%, 7/26/2025 †x¶#^ | Square | 1/30/2024 | 82084 | 76162 | 6074 |
| &nbsp;&nbsp;&nbsp; 7440941, 6.386%, 7/26/2025 †x¶#^ | Square | 1/30/2024 | 517 | 485 | 38 |
| &nbsp;&nbsp;&nbsp; 7441540907, 17.600%, 1/29/2025 †x¥#^ | Stripe | 8/04/2023 | 75431 | 78449 | 3772 |
| &nbsp;&nbsp;&nbsp; 7442644, 4.938%, 7/27/2025 †x¶#^ | Square | 1/31/2024 | 29772 | 27719 | 2203 |
| &nbsp;&nbsp;&nbsp; 7442770, 4.940%, 7/27/2025 †x¶#^ | Square | 1/31/2024 | 2601 | 2421 | 192 |
| &nbsp;&nbsp;&nbsp; 7442944, 5.755%, 7/28/2025 †x¶#^ | Square | 1/31/2024 | 15806 | 14550 | 1170 |
| &nbsp;&nbsp;&nbsp; 7443261, 5.759%, 7/28/2025 †x¶#^ | Square | 1/31/2024 | 4484 | 4127 | 332 |
| &nbsp;&nbsp;&nbsp; 7444872561, 17.999%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 26751 | 27822 | 1338 |
| &nbsp;&nbsp;&nbsp; 7445107, 5.470%, 7/29/2025 †x¶#^ | Square | 1/31/2024 | 757 | 700 | 56 |
| &nbsp;&nbsp;&nbsp; 7446091, 4.741%, 7/29/2025 †x¶#^ | Square | 1/31/2024 | 4323 | 4036 | 320 |
| &nbsp;&nbsp;&nbsp; 7446872828, 25.778%, 8/05/2026 †x¥# | Stripe | 2/07/2025 | 73 | 76 | 21 |
| &nbsp;&nbsp;&nbsp; 7447031, 6.006%, 7/29/2025 †x¶#^ | Square | 1/31/2024 | 28670 | 26300 | 2122 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6199** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7447096520, 19.867%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | $4176 | $4343 | $209 |
| &nbsp;&nbsp;&nbsp; 7447211512, 18.533%, 3/23/2025 †x¥#^ | Stripe | 1/12/2023 | 19460 | 20238 | 973 |
| &nbsp;&nbsp;&nbsp; 7447493, 5.188%, 7/29/2025 †x¶#^ | Square | 1/31/2024 | 7292 | 6765 | 540 |
| &nbsp;&nbsp;&nbsp; 7449490126, 17.867%, 4/09/2025 †x¥#^ | Stripe | 10/13/2023 | 761 | 791 | 38 |
| &nbsp;&nbsp;&nbsp; 7450263, 5.189%, 7/30/2025 †x¶#^ | Square | 2/01/2024 | 8123 | 7536 | 1918 |
| &nbsp;&nbsp;&nbsp; 7452810989, 20.261%, 3/27/2024 †x¥#^ | Stripe | 9/30/2022 | 1179 | 1226 | 59 |
| &nbsp;&nbsp;&nbsp; 7453920, 4.654%, 7/31/2025 †x¶#^ | Square | 2/02/2024 | 51943 | 48553 | 3844 |
| &nbsp;&nbsp;&nbsp; 745812387, 25.600%, 2/19/2027 †x¥ | Stripe | 8/26/2025 | 1556 | 1618 | 1629 |
| &nbsp;&nbsp;&nbsp; 7462378609, 25.589%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 6852 | 7195 | 7205 |
| &nbsp;&nbsp;&nbsp; 7462537690, 26.532%, 3/31/2026 †x¥# | Stripe | 8/06/2024 | 3196 | 3324 | 902 |
| &nbsp;&nbsp;&nbsp; 7464808526, 26.129%, 6/23/2026 †x¥ | Stripe | 12/27/2024 | 2104 | 2188 | 2258 |
| &nbsp;&nbsp;&nbsp; 7466091372, 21.467%, 7/30/2024 †x¥#^ | Stripe | 2/02/2023 | 1707 | 1776 | 85 |
| &nbsp;&nbsp;&nbsp; 7466859068, 18.917%, 3/14/2025 †x¥#^ | Stripe | 9/19/2023 | 4597 | 4781 | 230 |
| &nbsp;&nbsp;&nbsp; 7468635698, 26.533%, 4/23/2025 †x¥#^ | Stripe | 10/27/2023 | 1912 | 1988 | 96 |
| &nbsp;&nbsp;&nbsp; 7473078, 5.440%, 8/07/2025 †x¶#^ | Square | 2/09/2024 | 114744 | 106087 | 8491 |
| &nbsp;&nbsp;&nbsp; 7474320991, 16.000%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 10201 | 10711 | 10731 |
| &nbsp;&nbsp;&nbsp; 7474723514, 20.000%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 4317 | 4490 | 4596 |
| &nbsp;&nbsp;&nbsp; 7475031370, 26.476%, 4/04/2025 †x¥#^ | Stripe | 10/11/2023 | 805 | 837 | 40 |
| &nbsp;&nbsp;&nbsp; 748040427, 18.667%, 6/27/2025 †x¥#^ | Stripe | 1/03/2024 | 2295 | 2387 | 115 |
| &nbsp;&nbsp;&nbsp; 7480690942, 21.333%, 9/12/2025 †x¥#^ | Stripe | 7/25/2023 | 198 | 206 | 10 |
| &nbsp;&nbsp;&nbsp; 7480906855, 17.839%, 7/14/2026 †x¥# | Stripe | 1/16/2025 | 959 | 998 | 177 |
| &nbsp;&nbsp;&nbsp; 7481035180, 25.524%, 3/13/2027 †x¥ | Stripe | 9/17/2025 | 620 | 645 | 656 |
| &nbsp;&nbsp;&nbsp; 7482350339, 20.800%, 11/19/2024 †x¥#^ | Stripe | 5/25/2023 | 946 | 984 | 47 |
| &nbsp;&nbsp;&nbsp; 7490578, 5.566%, 8/13/2025 †x¶#^ | Square | 2/15/2024 | 18283 | 16874 | 1434 |
| &nbsp;&nbsp;&nbsp; 7490847, 4.654%, 8/13/2025 †x¶#^ | Square | 2/15/2024 | 126665 | 118399 | 11444 |
| &nbsp;&nbsp;&nbsp; 750186228, 18.933%, 8/14/2026 †x¥ | Stripe | 2/19/2025 | 23900 | 24795 | 25263 |
| &nbsp;&nbsp;&nbsp; 7504638793, 16.000%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 8200 | 8610 | 8610 |
| &nbsp;&nbsp;&nbsp; 7507582452, 18.933%, 9/03/2026 †x¥ | Stripe | 3/10/2025 | 1238 | 1287 | 1315 |
| &nbsp;&nbsp;&nbsp; 7508981289, 25.333%, 1/05/2024 †x¥#^ | Stripe | 7/12/2022 | 1824 | 1897 | 91 |
| &nbsp;&nbsp;&nbsp; 7510345153, 19.333%, 1/08/2027 †x¥ | Stripe | 7/15/2025 | 3411 | 3547 | 3622 |
| &nbsp;&nbsp;&nbsp; 7513126958, 26.533%, 11/21/2025 †x¥#^ | Stripe | 5/29/2024 | 982 | 1021 | 49 |
| &nbsp;&nbsp;&nbsp; 7514446882, 24.000%, 2/28/2023 †x¥#^ | Stripe | 9/02/2021 | 1154 | 1200 | 58 |
| &nbsp;&nbsp;&nbsp; 7516467488, 20.400%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 1451 | 1509 | 1533 |
| &nbsp;&nbsp;&nbsp; 7518357386, 26.519%, 3/03/2027 †x¥ | Stripe | 9/05/2025 | 50 | 52 | 53 |
| &nbsp;&nbsp;&nbsp; 7526843498, 18.933%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 1429 | 1487 | 71 |
| &nbsp;&nbsp;&nbsp; 7528165, 4.654%, 8/23/2025 †x¶#^ | Square | 2/27/2024 | 36406 | 34031 | 2694 |
| &nbsp;&nbsp;&nbsp; 7528318, 4.654%, 8/23/2025 †x¶#^ | Square | 2/27/2024 | 76203 | 71230 | 21581 |
| &nbsp;&nbsp;&nbsp; 7534295, 4.937%, 8/26/2025 †x¶#^ | Square | 2/28/2024 | 55229 | 51420 | 4568 |
| &nbsp;&nbsp;&nbsp; 7534514166, 23.200%, 7/14/2023 †x¥#^ | Stripe | 1/19/2022 | 233 | 243 | 12 |
| &nbsp;&nbsp;&nbsp; 7534639813, 18.131%, 3/12/2027 †x¥ | Stripe | 9/16/2025 | 4 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; 7535624634, 21.733%, 6/11/2024 †x¥#^ | Stripe | 12/15/2022 | 407 | 423 | 20 |
| &nbsp;&nbsp;&nbsp; 7535959247, 19.329%, 3/05/2025 †x¥#^ | Stripe | 3/08/2023 | 1992 | 2072 | 100 |
| &nbsp;&nbsp;&nbsp; 7537634488, 20.000%, 2/17/2026 †x¥#^ | Stripe | 8/22/2024 | 31551 | 32813 | 1578 |
| &nbsp;&nbsp;&nbsp; 7539504217, 21.600%, 2/14/2023 †x¥#^ | Stripe | 8/19/2021 | 1222 | 1271 | 61 |
| &nbsp;&nbsp;&nbsp; 7540721099, 16.264%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 12932 | 13449 | 13563 |
| &nbsp;&nbsp;&nbsp; 7541530903, 26.533%, 8/13/2025 †x¥#^ | Stripe | 2/16/2024 | 6222 | 6471 | 311 |
| &nbsp;&nbsp;&nbsp; 7541682, 5.549%, 8/28/2025 †x¶#^ | Square | 3/01/2024 | 660 | 610 | 184 |
| &nbsp;&nbsp;&nbsp; 7541722, 4.743%, 8/28/2025 †x¶#^ | Square | 3/01/2024 | 1830 | 1709 | 135 |
| &nbsp;&nbsp;&nbsp; 7541726, 5.377%, 8/28/2025 †x¶#^ | Square | 3/01/2024 | 10936 | 10120 | 3214 |
| &nbsp;&nbsp;&nbsp; 7542334111, 16.259%, 3/12/2027 †x¥ | Stripe | 9/16/2025 | 10811 | 11244 | 11291 |
| &nbsp;&nbsp;&nbsp; 7543192584, 20.386%, 2/23/2024 †x¥#^ | Stripe | 8/30/2022 | 3893 | 4048 | 195 |
| &nbsp;&nbsp;&nbsp; 7546351, 5.378%, 8/29/2025 †x¶#^ | Square | 3/04/2024 | 17847 | 16788 | 1321 |
| &nbsp;&nbsp;&nbsp; 754806944, 20.398%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 22359 | 23476 | 23540 |
| &nbsp;&nbsp;&nbsp; 7548289, 5.567%, 8/29/2025 †x¶#^ | Square | 3/04/2024 | 9631 | 8888 | 713 |
| &nbsp;&nbsp;&nbsp; 7550256516, 19.733%, 2/10/2026 †x¥#^ | Stripe | 12/12/2023 | 39838 | 41432 | 1992 |
| &nbsp;&nbsp;&nbsp; 7550549, 5.751%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 1601 | 1474 | 119 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6200** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7550807, 6.142%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | $501 | $459 | $112 |
| &nbsp;&nbsp;&nbsp; 7550877, 5.433%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 1486 | 1374 | 333 |
| &nbsp;&nbsp;&nbsp; 7550935, 5.184%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 966 | 896 | 71 |
| &nbsp;&nbsp;&nbsp; 7552501, 6.417%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 5867 | 5352 | 434 |
| &nbsp;&nbsp;&nbsp; 7552745, 5.379%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 3395 | 3141 | 251 |
| &nbsp;&nbsp;&nbsp; 7553615, 5.185%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 2511 | 2330 | 186 |
| &nbsp;&nbsp;&nbsp; 7553663, 5.383%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 1982 | 1834 | 626 |
| &nbsp;&nbsp;&nbsp; 7553909, 6.006%, 9/01/2025 †x¶#^ | Square | 3/05/2024 | 6229 | 5715 | 1805 |
| &nbsp;&nbsp;&nbsp; 7554501, 6.012%, 9/02/2025 †x¶#^ | Square | 3/06/2024 | 1550 | 1423 | 115 |
| &nbsp;&nbsp;&nbsp; 7554918, 5.535%, 9/02/2025 †x¶#^ | Square | 3/06/2024 | 395 | 365 | 29 |
| &nbsp;&nbsp;&nbsp; 7555320, 5.565%, 9/02/2025 †x¶#^ | Square | 3/06/2024 | 2989 | 2788 | 221 |
| &nbsp;&nbsp;&nbsp; 7555604, 5.567%, 9/02/2025 †x¶#^ | Square | 3/06/2024 | 2910 | 2685 | 215 |
| &nbsp;&nbsp;&nbsp; 7555719, 5.191%, 9/03/2025 †x¶#^ | Square | 3/06/2024 | 8741 | 8109 | 647 |
| &nbsp;&nbsp;&nbsp; 7555797764, 16.397%, 6/28/2024 †x¥#^ | Stripe | 1/04/2023 | 8928 | 9285 | 446 |
| &nbsp;&nbsp;&nbsp; 7556254, 5.188%, 9/03/2025 †x¶#^ | Square | 3/06/2024 | 13318 | 12357 | 986 |
| &nbsp;&nbsp;&nbsp; 7557670, 5.754%, 9/04/2025 †x¶#^ | Square | 3/06/2024 | 4319 | 3976 | 320 |
| &nbsp;&nbsp;&nbsp; 7557770, 5.567%, 9/04/2025 †x¶#^ | Square | 3/06/2024 | 5002 | 4617 | 370 |
| &nbsp;&nbsp;&nbsp; 7558053, 4.930%, 9/04/2025 †x¶#^ | Square | 3/06/2024 | 1415 | 1318 | 105 |
| &nbsp;&nbsp;&nbsp; 7559927, 5.566%, 9/04/2025 †x¶#^ | Square | 3/06/2024 | 16224 | 14973 | 1201 |
| &nbsp;&nbsp;&nbsp; 7559969530, 20.790%, 11/23/2024 †x¥#^ | Stripe | 6/01/2023 | 2899 | 3015 | 145 |
| &nbsp;&nbsp;&nbsp; 7560901799, 26.527%, 10/08/2026 †x¥ | Stripe | 4/14/2025 | 403 | 419 | 238 |
| &nbsp;&nbsp;&nbsp; 7561120, 5.188%, 9/05/2025 †x¶#^ | Square | 3/07/2024 | 15323 | 14217 | 1134 |
| &nbsp;&nbsp;&nbsp; 7563063, 4.654%, 9/05/2025 †x¶#^ | Square | 3/07/2024 | 3232 | 3021 | 239 |
| &nbsp;&nbsp;&nbsp; 7564898, 5.568%, 9/05/2025 †x¶#^ | Square | 3/07/2024 | 9882 | 9160 | 731 |
| &nbsp;&nbsp;&nbsp; 7565824, 4.948%, 9/06/2025 †x¶#^ | Square | 3/08/2024 | 1811 | 1686 | 171 |
| &nbsp;&nbsp;&nbsp; 7567613, 5.998%, 9/06/2025 †x¶#^ | Square | 3/08/2024 | 1205 | 1115 | 89 |
| &nbsp;&nbsp;&nbsp; 7568356, 4.654%, 9/06/2025 †x¶#^ | Square | 3/08/2024 | 7424 | 6940 | 549 |
| &nbsp;&nbsp;&nbsp; 7568469, 5.387%, 9/06/2025 †x¶#^ | Square | 3/08/2024 | 397 | 368 | 29 |
| &nbsp;&nbsp;&nbsp; 7570297230, 14.256%, 8/27/2026 †x¥# | Stripe | 3/03/2025 | 4272 | 4442 | 1665 |
| &nbsp;&nbsp;&nbsp; 7571092, 6.258%, 9/07/2025 †x¶#^ | Square | 3/11/2024 | 3838 | 3527 | 284 |
| &nbsp;&nbsp;&nbsp; 7571215, 5.748%, 9/07/2025 †x¶#^ | Square | 3/11/2024 | 1256 | 1184 | 93 |
| &nbsp;&nbsp;&nbsp; 7571966043, 24.000%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 4900 | 5096 | 245 |
| &nbsp;&nbsp;&nbsp; 7573673, 5.188%, 9/07/2025 †x¶#^ | Square | 3/11/2024 | 11679 | 10836 | 864 |
| &nbsp;&nbsp;&nbsp; 7573778, 6.422%, 9/07/2025 †x¶#^ | Square | 3/11/2024 | 616 | 562 | 46 |
| &nbsp;&nbsp;&nbsp; 7574011472, 25.867%, 6/20/2026 †x¥ | Stripe | 12/26/2024 | 1113 | 1158 | 1193 |
| &nbsp;&nbsp;&nbsp; 7574374, 6.249%, 9/07/2025 †x¶#^ | Square | 3/11/2024 | 807 | 745 | 170 |
| &nbsp;&nbsp;&nbsp; 7574466, 4.937%, 9/07/2025 †x¶#^ | Square | 3/11/2024 | 5605 | 5219 | 415 |
| &nbsp;&nbsp;&nbsp; 7574731, 6.004%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 4858 | 4456 | 382 |
| &nbsp;&nbsp;&nbsp; 7574903, 5.196%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 783 | 727 | 58 |
| &nbsp;&nbsp;&nbsp; 7574983, 5.556%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 2206 | 2036 | 163 |
| &nbsp;&nbsp;&nbsp; 7576058, 5.190%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 625 | 580 | 46 |
| &nbsp;&nbsp;&nbsp; 7577382, 5.362%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 516 | 477 | 38 |
| &nbsp;&nbsp;&nbsp; 7577852, 5.188%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 11656 | 10814 | 863 |
| &nbsp;&nbsp;&nbsp; 7577899, 4.934%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 2806 | 2613 | 208 |
| &nbsp;&nbsp;&nbsp; 7577930, 5.377%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 2539 | 2350 | 188 |
| &nbsp;&nbsp;&nbsp; 7578293, 5.560%, 9/08/2025 †x¶#^ | Square | 3/12/2024 | 2592 | 2392 | 192 |
| &nbsp;&nbsp;&nbsp; 7578741, 5.755%, 9/09/2025 †x¶#^ | Square | 3/13/2024 | 7604 | 7000 | 563 |
| &nbsp;&nbsp;&nbsp; 7578924, 6.262%, 9/09/2025 †x¶#^ | Square | 3/13/2024 | 207 | 190 | 15 |
| &nbsp;&nbsp;&nbsp; 7578962, 6.157%, 9/09/2025 †x¶#^ | Square | 3/13/2024 | 1432 | 1311 | 106 |
| &nbsp;&nbsp;&nbsp; 7579000, 4.661%, 9/09/2025 †x¶#^ | Square | 3/13/2024 | 3291 | 3076 | 244 |
| &nbsp;&nbsp;&nbsp; 7579031784, 26.424%, 12/15/2026 †x¥# | Stripe | 6/20/2025 | 292 | 304 | 84 |
| &nbsp;&nbsp;&nbsp; 7579268, 5.448%, 9/09/2025 †x¶#^ | Square | 3/13/2024 | 2644 | 2444 | 196 |
| &nbsp;&nbsp;&nbsp; 7579280, 5.753%, 9/09/2025 †x¶#^ | Square | 3/13/2024 | 829 | 763 | 61 |
| &nbsp;&nbsp;&nbsp; 7579670712, 25.571%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 2409 | 2529 | 2539 |
| &nbsp;&nbsp;&nbsp; 7579845, 5.191%, 9/10/2025 †x¶#^ | Square | 3/13/2024 | 2421 | 2246 | 179 |
| &nbsp;&nbsp;&nbsp; 7581189, 4.656%, 9/11/2025 †x¶#^ | Square | 3/13/2024 | 2962 | 2769 | 219 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6201** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7583155, 6.162%, 9/11/2025 †x¶#^ | Square | 3/13/2024 | $586 | $536 | $43 |
| &nbsp;&nbsp;&nbsp; 7583171, 6.416%, 9/11/2025 †x¶#^ | Square | 3/13/2024 | 8848 | 8071 | 655 |
| &nbsp;&nbsp;&nbsp; 7583920, 5.190%, 9/11/2025 †x¶#^ | Square | 3/13/2024 | 2017 | 1872 | 149 |
| &nbsp;&nbsp;&nbsp; 7584034035, 20.381%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 431 | 448 | 456 |
| &nbsp;&nbsp;&nbsp; 7584597, 6.380%, 9/12/2025 †x¶#^ | Square | 3/14/2024 | 216 | 197 | 22 |
| &nbsp;&nbsp;&nbsp; 7584893, 5.993%, 9/12/2025 †x¶#^ | Square | 3/14/2024 | 105 | 97 | 8 |
| &nbsp;&nbsp;&nbsp; 7585793, 6.007%, 9/12/2025 †x¶#^ | Square | 3/14/2024 | 652 | 601 | 180 |
| &nbsp;&nbsp;&nbsp; 7586263480, 20.391%, 1/08/2025 †x¥#^ | Stripe | 7/14/2023 | 4937 | 5135 | 247 |
| &nbsp;&nbsp;&nbsp; 7586807, 5.756%, 9/12/2025 †x¶#^ | Square | 3/14/2024 | 206 | 191 | 15 |
| &nbsp;&nbsp;&nbsp; 7586821, 5.749%, 9/12/2025 †x¶#^ | Square | 3/14/2024 | 682 | 641 | 50 |
| &nbsp;&nbsp;&nbsp; 7587296, 6.422%, 9/12/2025 †x¶#^ | Square | 3/14/2024 | 493 | 450 | 36 |
| &nbsp;&nbsp;&nbsp; 7587724, 5.189%, 9/12/2025 †x¶#^ | Square | 3/14/2024 | 12144 | 11267 | 899 |
| &nbsp;&nbsp;&nbsp; 7588203, 5.565%, 9/13/2025 †x¶#^ | Square | 3/15/2024 | 9457 | 8729 | 700 |
| &nbsp;&nbsp;&nbsp; 7589394, 5.369%, 9/13/2025 †x¶#^ | Square | 3/15/2024 | 2857 | 2644 | 211 |
| &nbsp;&nbsp;&nbsp; 75899515, 26.533%, 5/13/2026 †x¥ | Stripe | 11/15/2024 | 110 | 115 | 120 |
| &nbsp;&nbsp;&nbsp; 7590185, 5.189%, 9/13/2025 †x¶#^ | Square | 3/15/2024 | 20869 | 19375 | 1544 |
| &nbsp;&nbsp;&nbsp; 7590337, 5.565%, 9/13/2025 †x¶#^ | Square | 3/15/2024 | 19554 | 18048 | 1447 |
| &nbsp;&nbsp;&nbsp; 7590509, 5.376%, 9/13/2025 †x¶#^ | Square | 3/15/2024 | 1827 | 1691 | 196 |
| &nbsp;&nbsp;&nbsp; 7590560, 6.170%, 9/13/2025 †x¶#^ | Square | 3/15/2024 | 769 | 704 | 57 |
| &nbsp;&nbsp;&nbsp; 7590627, 5.759%, 9/13/2025 †x¶#^ | Square | 3/15/2024 | 7045 | 6485 | 521 |
| &nbsp;&nbsp;&nbsp; 7592715825, 25.333%, 5/23/2024 †x¥#^ | Stripe | 11/29/2022 | 745 | 774 | 37 |
| &nbsp;&nbsp;&nbsp; 7594527, 5.566%, 9/14/2025 †x¶#^ | Square | 3/18/2024 | 10544 | 9732 | 780 |
| &nbsp;&nbsp;&nbsp; 7594616, 6.262%, 9/14/2025 †x¶#^ | Square | 3/18/2024 | 3435 | 3140 | 1026 |
| &nbsp;&nbsp;&nbsp; 7594837, 4.720%, 9/14/2025 †x¶#^ | Square | 3/18/2024 | 139 | 130 | 10 |
| &nbsp;&nbsp;&nbsp; 7594975, 4.941%, 9/14/2025 †x¶#^ | Square | 3/18/2024 | 3990 | 3714 | 295 |
| &nbsp;&nbsp;&nbsp; 7596095877, 26.476%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 675 | 702 | 713 |
| &nbsp;&nbsp;&nbsp; 7596231, 5.196%, 9/14/2025 †x¶#^ | Square | 3/18/2024 | 1767 | 1640 | 131 |
| &nbsp;&nbsp;&nbsp; 7597218, 5.193%, 9/15/2025 †x¶#^ | Square | 3/19/2024 | 2129 | 1975 | 749 |
| &nbsp;&nbsp;&nbsp; 7598440, 6.152%, 9/15/2025 †x¶#^ | Square | 3/19/2024 | 1658 | 1518 | 123 |
| &nbsp;&nbsp;&nbsp; 7598498, 5.567%, 9/15/2025 †x¶#^ | Square | 3/19/2024 | 14745 | 13608 | 1091 |
| &nbsp;&nbsp;&nbsp; 7598879, 6.261%, 9/15/2025 †x¶#^ | Square | 3/19/2024 | 7603 | 6950 | 563 |
| &nbsp;&nbsp;&nbsp; 7599034, 5.565%, 9/15/2025 †x¶#^ | Square | 3/19/2024 | 7525 | 6946 | 557 |
| &nbsp;&nbsp;&nbsp; 7599307, 4.937%, 9/15/2025 †x¶#^ | Square | 3/19/2024 | 4522 | 4210 | 478 |
| &nbsp;&nbsp;&nbsp; 7600197, 5.565%, 9/16/2025 †x¶#^ | Square | 3/20/2024 | 9665 | 8920 | 715 |
| &nbsp;&nbsp;&nbsp; 7600419, 4.730%, 9/16/2025 †x¶#^ | Square | 3/20/2024 | 521 | 486 | 39 |
| &nbsp;&nbsp;&nbsp; 7600471, 5.755%, 9/16/2025 †x¶#^ | Square | 3/20/2024 | 1265 | 1165 | 94 |
| &nbsp;&nbsp;&nbsp; 7601342, 4.935%, 9/17/2025 †x¶#^ | Square | 3/20/2024 | 1881 | 1751 | 139 |
| &nbsp;&nbsp;&nbsp; 7601442, 4.937%, 9/17/2025 †x¶#^ | Square | 3/20/2024 | 10786 | 10042 | 798 |
| &nbsp;&nbsp;&nbsp; 7602148, 6.419%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 2003 | 1827 | 148 |
| &nbsp;&nbsp;&nbsp; 7602203, 5.566%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 7353 | 6786 | 544 |
| &nbsp;&nbsp;&nbsp; 7602290, 4.655%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 4400 | 4113 | 1473 |
| &nbsp;&nbsp;&nbsp; 7602614806, 16.000%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 8659 | 9005 | 9097 |
| &nbsp;&nbsp;&nbsp; 7603743, 4.938%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 8377 | 7799 | 620 |
| &nbsp;&nbsp;&nbsp; 7604070, 4.654%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 2214 | 2069 | 164 |
| &nbsp;&nbsp;&nbsp; 7604363, 5.186%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 4948 | 4591 | 366 |
| &nbsp;&nbsp;&nbsp; 7604535, 5.577%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 44 | 41 | 5 |
| &nbsp;&nbsp;&nbsp; 7604838, 5.200%, 9/18/2025 †x¶#^ | Square | 3/20/2024 | 1909 | 1771 | 141 |
| &nbsp;&nbsp;&nbsp; 7607351, 4.654%, 9/19/2025 †x¶#^ | Square | 3/21/2024 | 4975 | 4650 | 368 |
| &nbsp;&nbsp;&nbsp; 7608074091, 16.126%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 873 | 908 | 919 |
| &nbsp;&nbsp;&nbsp; 7608629, 6.170%, 9/19/2025 †x¶#^ | Square | 3/21/2024 | 1836 | 1680 | 136 |
| &nbsp;&nbsp;&nbsp; 7608631, 5.438%, 9/19/2025 †x¶#^ | Square | 3/21/2024 | 6772 | 6261 | 501 |
| &nbsp;&nbsp;&nbsp; 7608724, 4.654%, 9/19/2025 †x¶#^ | Square | 3/21/2024 | 79535 | 74345 | 5886 |
| &nbsp;&nbsp;&nbsp; 7609036, 6.008%, 9/19/2025 †x¶#^ | Square | 3/21/2024 | 2837 | 2603 | 222 |
| &nbsp;&nbsp;&nbsp; 7609712, 6.262%, 9/20/2025 †x¶#^ | Square | 3/22/2024 | 953 | 871 | 71 |
| &nbsp;&nbsp;&nbsp; 7610698943, 20.531%, 11/15/2025 †x¥#^ | Stripe | 5/22/2024 | 12063 | 12545 | 603 |
| &nbsp;&nbsp;&nbsp; 7611395, 5.191%, 9/20/2025 †x¶#^ | Square | 3/22/2024 | 1934 | 1794 | 143 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6202** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7611654, 5.189%, 9/20/2025 †x¶#^ | Square | 3/22/2024 | $91610 | $84994 | $6779 |
| &nbsp;&nbsp;&nbsp; 7612056976, 17.733%, 6/16/2024 †x¥#^ | Stripe | 10/21/2022 | 20183 | 20990 | 1009 |
| &nbsp;&nbsp;&nbsp; 7612278, 6.163%, 9/20/2025 †x¶#^ | Square | 3/22/2024 | 4159 | 3807 | 308 |
| &nbsp;&nbsp;&nbsp; 7614852, 5.758%, 9/21/2025 †x¶#^ | Square | 3/25/2024 | 296 | 273 | 22 |
| &nbsp;&nbsp;&nbsp; 7615448782, 19.577%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 3754 | 3941 | 3947 |
| &nbsp;&nbsp;&nbsp; 7617137664, 26.424%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 734 | 763 | 37 |
| &nbsp;&nbsp;&nbsp; 7617158, 5.568%, 9/21/2025 †x¶#^ | Square | 3/25/2024 | 5888 | 5434 | 436 |
| &nbsp;&nbsp;&nbsp; 7617391, 5.188%, 9/21/2025 †x¶#^ | Square | 3/25/2024 | 4335 | 4023 | 1305 |
| &nbsp;&nbsp;&nbsp; 7618935, 5.194%, 9/22/2025 †x¶#^ | Square | 3/26/2024 | 1267 | 1175 | 94 |
| &nbsp;&nbsp;&nbsp; 7619413, 5.571%, 9/22/2025 †x¶#^ | Square | 3/26/2024 | 581 | 536 | 222 |
| &nbsp;&nbsp;&nbsp; 7620780, 5.442%, 9/22/2025 †x¶#^ | Square | 3/26/2024 | 1808 | 1671 | 134 |
| &nbsp;&nbsp;&nbsp; 7620781, 5.377%, 9/22/2025 †x¶#^ | Square | 3/26/2024 | 35476 | 32828 | 2625 |
| &nbsp;&nbsp;&nbsp; 7621134, 5.377%, 9/22/2025 †x¶#^ | Square | 3/26/2024 | 128261 | 118856 | 9491 |
| &nbsp;&nbsp;&nbsp; 7621456, 5.565%, 9/23/2025 †x¶#^ | Square | 3/27/2024 | 7877 | 7270 | 583 |
| &nbsp;&nbsp;&nbsp; 7621506, 6.010%, 9/23/2025 †x¶#^ | Square | 3/27/2024 | 626 | 575 | 46 |
| &nbsp;&nbsp;&nbsp; 7621885, 4.769%, 9/23/2025 †x¶#^ | Square | 3/27/2024 | 757 | 707 | 56 |
| &nbsp;&nbsp;&nbsp; 7622166, 6.447%, 9/24/2025 †x¶#^ | Square | 3/27/2024 | 33 | 30 | 8 |
| &nbsp;&nbsp;&nbsp; 7622921, 6.030%, 9/24/2025 †x¶#^ | Square | 3/27/2024 | 376 | 344 | 28 |
| &nbsp;&nbsp;&nbsp; 7623502, 6.004%, 9/25/2025 †x¶#^ | Square | 3/27/2024 | 7344 | 6737 | 674 |
| &nbsp;&nbsp;&nbsp; 7623793, 6.019%, 9/25/2025 †x¶#^ | Square | 3/27/2024 | 1215 | 1114 | 90 |
| &nbsp;&nbsp;&nbsp; 7624166, 4.940%, 9/25/2025 †x¶#^ | Square | 3/27/2024 | 10380 | 9664 | 768 |
| &nbsp;&nbsp;&nbsp; 7624477, 6.006%, 9/25/2025 †x¶#^ | Square | 3/27/2024 | 2103 | 1931 | 188 |
| &nbsp;&nbsp;&nbsp; 7625984, 5.767%, 9/25/2025 †x¶#^ | Square | 3/27/2024 | 313 | 288 | 23 |
| &nbsp;&nbsp;&nbsp; 7626315, 6.258%, 9/25/2025 †x¶#^ | Square | 3/27/2024 | 5148 | 4706 | 381 |
| &nbsp;&nbsp;&nbsp; 7627520, 6.010%, 9/26/2025 †x¶#^ | Square | 3/28/2024 | 2548 | 2337 | 189 |
| &nbsp;&nbsp;&nbsp; 7628202, 5.567%, 9/26/2025 †x¶#^ | Square | 3/28/2024 | 7614 | 7027 | 563 |
| &nbsp;&nbsp;&nbsp; 7628448, 4.937%, 9/26/2025 †x¶#^ | Square | 3/28/2024 | 112 | 105 | 15 |
| &nbsp;&nbsp;&nbsp; 7628677, 6.414%, 9/26/2025 †x¶#^ | Square | 3/28/2024 | 252 | 229 | 30 |
| &nbsp;&nbsp;&nbsp; 7629329672, 26.510%, 12/18/2024 †x¥#^ | Stripe | 6/23/2023 | 1615 | 1680 | 81 |
| &nbsp;&nbsp;&nbsp; 7629337, 4.654%, 9/26/2025 †x¶#^ | Square | 3/28/2024 | 47410 | 44317 | 3508 |
| &nbsp;&nbsp;&nbsp; 763008416, 14.397%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 491 | 511 | 521 |
| &nbsp;&nbsp;&nbsp; 7631163, 6.488%, 9/27/2025 †x¶#^ | Square | 3/29/2024 | 1002 | 913 | 74 |
| &nbsp;&nbsp;&nbsp; 7631280, 5.559%, 9/27/2025 †x¶#^ | Square | 3/29/2024 | 756 | 698 | 56 |
| &nbsp;&nbsp;&nbsp; 7631284253, 16.103%, 6/13/2026 †x¥# | Stripe | 12/18/2024 | 2885 | 3000 | 144 |
| &nbsp;&nbsp;&nbsp; 7631342, 5.726%, 9/27/2025 †x¶#^ | Square | 3/29/2024 | 7137 | 6573 | 639 |
| &nbsp;&nbsp;&nbsp; 7632367, 5.434%, 9/27/2025 †x¶#^ | Square | 3/29/2024 | 2729 | 2523 | 202 |
| &nbsp;&nbsp;&nbsp; 7633414, 6.410%, 9/27/2025 †x¶#^ | Square | 3/29/2024 | 1282 | 1216 | 95 |
| &nbsp;&nbsp;&nbsp; 763492336, 20.000%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 1017 | 1058 | 1085 |
| &nbsp;&nbsp;&nbsp; 7638331008, 20.000%, 8/04/2026 †x¥ | Stripe | 2/06/2025 | 79937 | 83135 | 84763 |
| &nbsp;&nbsp;&nbsp; 7640747723, 20.113%, 12/14/2024 †x¥#^ | Stripe | 6/22/2023 | 4673 | 4860 | 234 |
| &nbsp;&nbsp;&nbsp; 7641282887, 18.933%, 6/16/2026 †x¥# | Stripe | 12/19/2024 | 401 | 417 | 75 |
| &nbsp;&nbsp;&nbsp; 7642136, 4.654%, 9/29/2025 †x¶#^ | Square | 4/02/2024 | 43207 | 40388 | 15502 |
| &nbsp;&nbsp;&nbsp; 7646129632, 20.257%, 6/06/2024 †x¥#^ | Stripe | 12/12/2022 | 6672 | 6938 | 334 |
| &nbsp;&nbsp;&nbsp; 764748832, 16.000%, 5/06/2025 †x¥#^ | Stripe | 11/09/2023 | 2500 | 2600 | 125 |
| &nbsp;&nbsp;&nbsp; 7648875286, 26.533%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 4511 | 4736 | 4744 |
| &nbsp;&nbsp;&nbsp; 7653667387, 25.595%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 13136 | 13793 | 13833 |
| &nbsp;&nbsp;&nbsp; 7655659700, 26.513%, 10/18/2024 †x¥#^ | Stripe | 4/25/2023 | 2209 | 2297 | 110 |
| &nbsp;&nbsp;&nbsp; 7655780230, 26.516%, 2/09/2026 †x¥#^ | Stripe | 11/22/2023 | 654 | 680 | 33 |
| &nbsp;&nbsp;&nbsp; 7657391772, 22.370%, 4/18/2026 †x¥# | Stripe | 2/29/2024 | 1006 | 1047 | 50 |
| &nbsp;&nbsp;&nbsp; 7658298688, 25.867%, 5/17/2025 †x¥#^ | Stripe | 11/22/2023 | 1471 | 1530 | 74 |
| &nbsp;&nbsp;&nbsp; 7660782793, 19.467%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 10433 | 10850 | 522 |
| &nbsp;&nbsp;&nbsp; 7661154250, 20.000%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 291 | 303 | 15 |
| &nbsp;&nbsp;&nbsp; 7662152, 4.654%, 10/04/2025 †x¶#^ | Square | 4/08/2024 | 186437 | 174271 | 13796 |
| &nbsp;&nbsp;&nbsp; 7666137968, 26.519%, 12/22/2026 †x¥# | Stripe | 6/26/2025 | 4000 | 4160 | 4170 |
| &nbsp;&nbsp;&nbsp; 7666375, 4.937%, 10/05/2025 †x¶#^ | Square | 4/09/2024 | 23860 | 22215 | 1766 |
| &nbsp;&nbsp;&nbsp; 7666391611, 17.993%, 2/06/2027 †x¥ | Stripe | 8/13/2025 | 5461 | 5680 | 5747 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6203** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7666418467, 22.264%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | $28603 | $30033 | $30031 |
| &nbsp;&nbsp;&nbsp; 7667117229, 23.059%, 9/01/2023 †x¥#^ | Stripe | 3/08/2022 | 150 | 156 | 7 |
| &nbsp;&nbsp;&nbsp; 7672609, 5.566%, 10/08/2025 †x¶#^ | Square | 4/10/2024 | 99133 | 91499 | 33883 |
| &nbsp;&nbsp;&nbsp; 7675642, 5.189%, 10/09/2025 †x¶#^ | Square | 4/11/2024 | 43989 | 40812 | 3255 |
| &nbsp;&nbsp;&nbsp; 7683900479, 18.129%, 12/01/2026 †x¥ | Stripe | 6/05/2025 | 1916 | 1993 | 2026 |
| &nbsp;&nbsp;&nbsp; 7684070230, 20.533%, 8/03/2024 †x¥#^ | Stripe | 2/08/2023 | 11048 | 11489 | 552 |
| &nbsp;&nbsp;&nbsp; 7684648894, 19.066%, 9/27/2024 †x¥#^ | Stripe | 4/04/2023 | 21033 | 21874 | 1052 |
| &nbsp;&nbsp;&nbsp; 7688097, 5.566%, 10/12/2025 †x¶#^ | Square | 4/16/2024 | 29034 | 26797 | 9747 |
| &nbsp;&nbsp;&nbsp; 7689971258, 21.333%, 9/08/2024 †x¥#^ | Stripe | 1/13/2023 | 5113 | 5317 | 256 |
| &nbsp;&nbsp;&nbsp; 7693006124, 25.333%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 32212 | 33500 | 1611 |
| &nbsp;&nbsp;&nbsp; 7693597532, 26.400%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 1041 | 1082 | 52 |
| &nbsp;&nbsp;&nbsp; 7694569208, 25.333%, 1/03/2024 †x¥#^ | Stripe | 7/08/2022 | 1067 | 1110 | 53 |
| &nbsp;&nbsp;&nbsp; 7695192488, 20.396%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 6956 | 7235 | 7347 |
| &nbsp;&nbsp;&nbsp; 7696027379, 26.127%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 6044 | 6286 | 3460 |
| &nbsp;&nbsp;&nbsp; 7697263707, 15.179%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 770 | 801 | 816 |
| &nbsp;&nbsp;&nbsp; 7699057723, 25.846%, 6/20/2026 †x¥ | Stripe | 12/26/2024 | 109 | 113 | 117 |
| &nbsp;&nbsp;&nbsp; 7699594469, 25.333%, 6/26/2024 †x¥#^ | Stripe | 12/30/2022 | 679 | 706 | 34 |
| &nbsp;&nbsp;&nbsp; 7699857, 18.129%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 18292 | 19206 | 19203 |
| &nbsp;&nbsp;&nbsp; 770151325, 21.429%, 3/12/2024 †x¥#^ | Stripe | 9/15/2022 | 1023 | 1063 | 51 |
| &nbsp;&nbsp;&nbsp; 7702585171, 18.222%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 1200 | 1260 | 1260 |
| &nbsp;&nbsp;&nbsp; 7702961, 5.566%, 10/18/2025 †x¶#^ | Square | 4/22/2024 | 73663 | 67986 | 5451 |
| &nbsp;&nbsp;&nbsp; 7703908428, 22.398%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 18317 | 19050 | 916 |
| &nbsp;&nbsp;&nbsp; 7706439948, 20.798%, 6/17/2026 †x¥ | Stripe | 12/20/2024 | 6692 | 6960 | 7090 |
| &nbsp;&nbsp;&nbsp; 7721578943, 22.396%, 7/14/2026 †x¥# | Stripe | 1/16/2025 | 11449 | 11906 | 572 |
| &nbsp;&nbsp;&nbsp; 7722545, 5.346%, 10/25/2025 †x¶#^ | Square | 4/29/2024 | 17274 | 15992 | 1278 |
| &nbsp;&nbsp;&nbsp; 7723969270, 26.528%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 2326 | 2419 | 2442 |
| &nbsp;&nbsp;&nbsp; 7724525730, 20.930%, 6/17/2025 †x¥#^ | Stripe | 12/21/2023 | 3646 | 3792 | 182 |
| &nbsp;&nbsp;&nbsp; 7726300102, 18.132%, 12/08/2024 †x¥#^ | Stripe | 10/20/2022 | 7683 | 7990 | 384 |
| &nbsp;&nbsp;&nbsp; 7728421, 5.534%, 10/26/2025 †x¶#^ | Square | 4/30/2024 | 59958 | 55362 | 4437 |
| &nbsp;&nbsp;&nbsp; 7728899559, 24.923%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 4630 | 4862 | 4880 |
| &nbsp;&nbsp;&nbsp; 7730540639, 17.333%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 13035 | 13687 | 13723 |
| &nbsp;&nbsp;&nbsp; 7731920, 6.477%, 10/27/2025 †x¶#^ | Square | 5/01/2024 | 2529 | 2305 | 187 |
| &nbsp;&nbsp;&nbsp; 7733898473, 16.667%, 6/02/2023 †x¥#^ | Stripe | 12/07/2021 | 5809 | 6041 | 290 |
| &nbsp;&nbsp;&nbsp; 7734338, 4.773%, 10/29/2025 †x¶#^ | Square | 5/01/2024 | 371 | 347 | 27 |
| &nbsp;&nbsp;&nbsp; 7737793919, 26.531%, 11/22/2025 †x¥#^ | Stripe | 5/30/2024 | 2424 | 2521 | 121 |
| &nbsp;&nbsp;&nbsp; 7737830, 5.094%, 10/29/2025 †x¶#^ | Square | 5/01/2024 | 2795 | 2600 | 1228 |
| &nbsp;&nbsp;&nbsp; 7738376, 5.440%, 10/30/2025 †x¶#^ | Square | 5/02/2024 | 6130 | 5698 | 454 |
| &nbsp;&nbsp;&nbsp; 7738786452, 19.325%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 1611 | 1675 | 1708 |
| &nbsp;&nbsp;&nbsp; 7740440, 6.160%, 10/30/2025 †x¶#^ | Square | 5/02/2024 | 1657 | 1517 | 123 |
| &nbsp;&nbsp;&nbsp; 7740585, 5.345%, 10/30/2025 †x¶#^ | Square | 5/02/2024 | 2446 | 2264 | 181 |
| &nbsp;&nbsp;&nbsp; 7740816, 5.098%, 10/30/2025 †x¶#^ | Square | 5/02/2024 | 1058 | 983 | 78 |
| &nbsp;&nbsp;&nbsp; 7740826, 5.346%, 10/30/2025 †x¶#^ | Square | 5/02/2024 | 192 | 177 | 14 |
| &nbsp;&nbsp;&nbsp; 7741856, 6.164%, 10/30/2025 †x¶#^ | Square | 5/02/2024 | 14201 | 13000 | 1051 |
| &nbsp;&nbsp;&nbsp; 7742498, 5.096%, 10/30/2025 †x¶#^ | Square | 5/02/2024 | 4470 | 4152 | 331 |
| &nbsp;&nbsp;&nbsp; 7742646241, 16.128%, 4/02/2027 †x¥# | Stripe | 1/23/2025 | 5737 | 5967 | 1054 |
| &nbsp;&nbsp;&nbsp; 7743290313, 20.667%, 4/18/2023 †x¥#^ | Stripe | 8/24/2021 | 2858 | 2972 | 143 |
| &nbsp;&nbsp;&nbsp; 7743398, 5.548%, 11/01/2025 †x¶#^ | Square | 5/03/2024 | 203 | 187 | 22 |
| &nbsp;&nbsp;&nbsp; 7743743271, 25.710%, 3/13/2026 †x¥# | Stripe | 9/17/2024 | 2363 | 2457 | 118 |
| &nbsp;&nbsp;&nbsp; 7744546, 5.912%, 11/01/2025 †x¶#^ | Square | 5/03/2024 | 40867 | 37538 | 3024 |
| &nbsp;&nbsp;&nbsp; 7745066, 5.898%, 11/01/2025 †x¶#^ | Square | 5/03/2024 | 350 | 322 | 26 |
| &nbsp;&nbsp;&nbsp; 7745731539, 18.667%, 7/17/2026 †x¥# | Stripe | 1/22/2025 | 1978 | 2058 | 781 |
| &nbsp;&nbsp;&nbsp; 7745752649, 14.000%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 6990 | 7270 | 350 |
| &nbsp;&nbsp;&nbsp; 7745906721, 22.400%, 8/07/2026 †x¥# | Stripe | 2/11/2025 | 2062 | 2144 | 387 |
| &nbsp;&nbsp;&nbsp; 7746858029, 19.199%, 5/08/2024 †x¥#^ | Stripe | 11/14/2022 | 24663 | 25650 | 1233 |
| &nbsp;&nbsp;&nbsp; 7747813116, 25.594%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 17677 | 18561 | 18579 |
| &nbsp;&nbsp;&nbsp; 7747955677, 24.000%, 8/16/2023 †x¥#^ | Stripe | 2/18/2022 | 2377 | 2472 | 119 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6204** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7749286, 5.440%, 11/02/2025 †x¶#^ | Square | 5/06/2024 | $7100 | $6565 | $525 |
| &nbsp;&nbsp;&nbsp; 7750310, 4.758%, 11/02/2025 †x¶#^ | Square | 5/06/2024 | 978 | 913 | 138 |
| &nbsp;&nbsp;&nbsp; 7750551203, 15.731%, 5/18/2024 †x¥#^ | Stripe | 11/23/2022 | 22208 | 23097 | 1110 |
| &nbsp;&nbsp;&nbsp; 7750755, 4.778%, 11/02/2025 †x¶#^ | Square | 5/06/2024 | 5693 | 5313 | 421 |
| &nbsp;&nbsp;&nbsp; 7751015761, 26.528%, 7/02/2025 †x¥#^ | Stripe | 1/05/2024 | 2619 | 2724 | 131 |
| &nbsp;&nbsp;&nbsp; 7751151975, 25.333%, 4/23/2025 †x¥#^ | Stripe | 10/27/2023 | 19152 | 19918 | 958 |
| &nbsp;&nbsp;&nbsp; 7751317, 5.092%, 11/02/2025 †x¶#^ | Square | 5/06/2024 | 1145 | 1065 | 127 |
| &nbsp;&nbsp;&nbsp; 7751376, 6.474%, 11/02/2025 †x¶#^ | Square | 5/06/2024 | 5082 | 4632 | 376 |
| &nbsp;&nbsp;&nbsp; 7751641044, 19.324%, 1/30/2027 †x¥ | Stripe | 8/06/2025 | 729 | 758 | 776 |
| &nbsp;&nbsp;&nbsp; 7751969689, 26.533%, 7/12/2025 †x¥#^ | Stripe | 1/18/2024 | 368 | 383 | 18 |
| &nbsp;&nbsp;&nbsp; 7752933, 5.443%, 11/02/2025 †x¶#^ | Square | 5/06/2024 | 763 | 731 | 56 |
| &nbsp;&nbsp;&nbsp; 7753055, 4.737%, 11/02/2025 †x¶#^ | Square | 5/06/2024 | 862 | 805 | 122 |
| &nbsp;&nbsp;&nbsp; 7753562, 4.780%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 1769 | 1650 | 807 |
| &nbsp;&nbsp;&nbsp; 7754159700, 19.333%, 12/30/2025 †x¥#^ | Stripe | 7/05/2024 | 932 | 969 | 174 |
| &nbsp;&nbsp;&nbsp; 7754413, 6.150%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 289 | 264 | 112 |
| &nbsp;&nbsp;&nbsp; 7754832, 6.163%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 277 | 254 | 106 |
| &nbsp;&nbsp;&nbsp; 7754984, 6.159%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 687 | 629 | 51 |
| &nbsp;&nbsp;&nbsp; 7755510, 6.471%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 2907 | 2671 | 215 |
| &nbsp;&nbsp;&nbsp; 7756254594, 19.600%, 7/27/2023 †x¥#^ | Stripe | 1/31/2022 | 569 | 592 | 28 |
| &nbsp;&nbsp;&nbsp; 7756783114, 18.800%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 4574 | 4757 | 4842 |
| &nbsp;&nbsp;&nbsp; 7756996, 5.918%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 2366 | 2173 | 175 |
| &nbsp;&nbsp;&nbsp; 7757297, 5.912%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 1172 | 1077 | 470 |
| &nbsp;&nbsp;&nbsp; 7757425363, 16.263%, 3/05/2027 †x¥ | Stripe | 9/09/2025 | 11315 | 11768 | 11885 |
| &nbsp;&nbsp;&nbsp; 7757440, 6.477%, 11/03/2025 †x¶#^ | Square | 5/07/2024 | 823 | 750 | 61 |
| &nbsp;&nbsp;&nbsp; 7757627930, 20.398%, 2/24/2027 †x¥ | Stripe | 8/29/2025 | 26171 | 27218 | 27620 |
| &nbsp;&nbsp;&nbsp; 7758320678, 19.325%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 8147 | 8473 | 407 |
| &nbsp;&nbsp;&nbsp; 7758703, 5.089%, 11/04/2025 †x¶#^ | Square | 5/08/2024 | 1618 | 1503 | 717 |
| &nbsp;&nbsp;&nbsp; 7758736, 5.914%, 11/05/2025 †x¶#^ | Square | 5/08/2024 | 5255 | 4835 | 389 |
| &nbsp;&nbsp;&nbsp; 775910776, 22.932%, 10/04/2025 †x¥#^ | Stripe | 7/28/2023 | 7551 | 7853 | 378 |
| &nbsp;&nbsp;&nbsp; 7760139214, 14.800%, 12/04/2024 †x¥#^ | Stripe | 6/09/2023 | 49989 | 51989 | 2499 |
| &nbsp;&nbsp;&nbsp; 7761196106, 20.267%, 9/16/2025 †x¥#^ | Stripe | 7/26/2023 | 549 | 571 | 27 |
| &nbsp;&nbsp;&nbsp; 7762170, 4.780%, 11/06/2025 †x¶#^ | Square | 5/08/2024 | 19549 | 18242 | 8585 |
| &nbsp;&nbsp;&nbsp; 7762561, 5.916%, 11/06/2025 †x¶#^ | Square | 5/08/2024 | 8185 | 7518 | 606 |
| &nbsp;&nbsp;&nbsp; 7762732, 6.164%, 11/06/2025 †x¶#^ | Square | 5/08/2024 | 5868 | 5434 | 434 |
| &nbsp;&nbsp;&nbsp; 7763785, 4.730%, 11/06/2025 †x¶#^ | Square | 5/08/2024 | 733 | 685 | 54 |
| &nbsp;&nbsp;&nbsp; 7764912, 6.164%, 11/07/2025 †x¶#^ | Square | 5/09/2024 | 3320 | 3039 | 246 |
| &nbsp;&nbsp;&nbsp; 7765132, 5.911%, 11/07/2025 †x¶#^ | Square | 5/09/2024 | 472 | 445 | 35 |
| &nbsp;&nbsp;&nbsp; 7765210, 5.531%, 11/07/2025 †x¶#^ | Square | 5/09/2024 | 1225 | 1131 | 91 |
| &nbsp;&nbsp;&nbsp; 7765424, 5.095%, 11/07/2025 †x¶#^ | Square | 5/09/2024 | 18445 | 17135 | 1365 |
| &nbsp;&nbsp;&nbsp; 7766326, 4.780%, 11/07/2025 †x¶#^ | Square | 5/09/2024 | 4706 | 4391 | 348 |
| &nbsp;&nbsp;&nbsp; 7766954, 6.478%, 11/07/2025 †x¶#^ | Square | 5/09/2024 | 3508 | 3198 | 260 |
| &nbsp;&nbsp;&nbsp; 7768017461, 20.667%, 8/07/2023 †x¥#^ | Stripe | 12/13/2021 | 16195 | 16843 | 810 |
| &nbsp;&nbsp;&nbsp; 7768195, 5.442%, 11/08/2025 †x¶#^ | Square | 5/10/2024 | 1534 | 1418 | 612 |
| &nbsp;&nbsp;&nbsp; 7768914, 4.778%, 11/08/2025 †x¶#^ | Square | 5/10/2024 | 3575 | 3336 | 265 |
| &nbsp;&nbsp;&nbsp; 7769405477, 18.127%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 3241 | 3371 | 3431 |
| &nbsp;&nbsp;&nbsp; 7769499, 6.164%, 11/08/2025 †x¶#^ | Square | 5/10/2024 | 6022 | 5512 | 446 |
| &nbsp;&nbsp;&nbsp; 7770110, 4.779%, 11/08/2025 †x¶#^ | Square | 5/10/2024 | 10128 | 9450 | 4627 |
| &nbsp;&nbsp;&nbsp; 7770797, 4.751%, 11/08/2025 †x¶#^ | Square | 5/10/2024 | 1269 | 1185 | 94 |
| &nbsp;&nbsp;&nbsp; 7770963, 4.751%, 11/08/2025 †x¶#^ | Square | 5/10/2024 | 2109 | 1976 | 156 |
| &nbsp;&nbsp;&nbsp; 7771145, 5.535%, 11/08/2025 †x¶#^ | Square | 5/10/2024 | 25805 | 23827 | 1910 |
| &nbsp;&nbsp;&nbsp; 7774043733, 13.988%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 2929 | 3046 | 3073 |
| &nbsp;&nbsp;&nbsp; 7775440, 5.912%, 11/09/2025 †x¶#^ | Square | 5/13/2024 | 823 | 756 | 61 |
| &nbsp;&nbsp;&nbsp; 7776648099, 26.524%, 2/17/2026 †x¥#^ | Stripe | 8/22/2024 | 3245 | 3375 | 162 |
| &nbsp;&nbsp;&nbsp; 7778075, 5.092%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | 5195 | 4827 | 384 |
| &nbsp;&nbsp;&nbsp; 7778867, 5.344%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | 1906 | 1765 | 226 |
| &nbsp;&nbsp;&nbsp; 7778946, 4.772%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | 126 | 117 | 18 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6205** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7779278, 5.536%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | $1963 | $1813 | $763 |
| &nbsp;&nbsp;&nbsp; 777951585, 26.504%, 12/04/2025 †x¥#^ | Stripe | 6/10/2024 | 802 | 834 | 40 |
| &nbsp;&nbsp;&nbsp; 7779888, 5.723%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | 16795 | 15467 | 1243 |
| &nbsp;&nbsp;&nbsp; 7779997, 5.534%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | 31928 | 29481 | 2363 |
| &nbsp;&nbsp;&nbsp; 7780656, 6.289%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | 170 | 156 | 13 |
| &nbsp;&nbsp;&nbsp; 7781372, 5.720%, 11/10/2025 †x¶#^ | Square | 5/14/2024 | 3270 | 3011 | 242 |
| &nbsp;&nbsp;&nbsp; 7781820, 6.295%, 11/11/2025 †x¶#^ | Square | 5/15/2024 | 822 | 756 | 61 |
| &nbsp;&nbsp;&nbsp; 7781830, 6.159%, 11/11/2025 †x¶#^ | Square | 5/15/2024 | 3159 | 2892 | 234 |
| &nbsp;&nbsp;&nbsp; 7781841, 4.781%, 11/11/2025 †x¶#^ | Square | 5/15/2024 | 2108 | 1967 | 1010 |
| &nbsp;&nbsp;&nbsp; 7782818, 6.184%, 11/12/2025 †x¶#^ | Square | 5/15/2024 | 612 | 560 | 96 |
| &nbsp;&nbsp;&nbsp; 7782820, 5.090%, 11/12/2025 †x¶#^ | Square | 5/15/2024 | 2132 | 1981 | 158 |
| &nbsp;&nbsp;&nbsp; 7785361, 5.535%, 11/13/2025 †x¶#^ | Square | 5/15/2024 | 2104 | 1943 | 156 |
| &nbsp;&nbsp;&nbsp; 7786316, 5.913%, 11/13/2025 †x¶#^ | Square | 5/15/2024 | 4664 | 4284 | 345 |
| &nbsp;&nbsp;&nbsp; 7786761, 5.094%, 11/13/2025 †x¶#^ | Square | 5/15/2024 | 1637 | 1521 | 788 |
| &nbsp;&nbsp;&nbsp; 7787023, 6.181%, 11/13/2025 †x¶#^ | Square | 5/15/2024 | 1312 | 1201 | 97 |
| &nbsp;&nbsp;&nbsp; 7787235335, 26.533%, 5/19/2026 †x¥# | Stripe | 10/01/2024 | 280 | 292 | 14 |
| &nbsp;&nbsp;&nbsp; 7787920, 6.477%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 1067 | 973 | 79 |
| &nbsp;&nbsp;&nbsp; 7788841, 4.760%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 2896 | 2703 | 214 |
| &nbsp;&nbsp;&nbsp; 7789895, 5.527%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 2016 | 1882 | 149 |
| &nbsp;&nbsp;&nbsp; 7790011, 5.438%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 1352 | 1250 | 100 |
| &nbsp;&nbsp;&nbsp; 7790092918, 25.563%, 12/12/2026 †x¥ | Stripe | 6/18/2025 | 753 | 783 | 800 |
| &nbsp;&nbsp;&nbsp; 7790170, 6.166%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 1856 | 1699 | 293 |
| &nbsp;&nbsp;&nbsp; 7790410, 5.347%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 2194 | 2031 | 1083 |
| &nbsp;&nbsp;&nbsp; 7790891, 6.162%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 6562 | 6007 | 486 |
| &nbsp;&nbsp;&nbsp; 7790927, 5.095%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 32125 | 29845 | 2377 |
| &nbsp;&nbsp;&nbsp; 7791097, 4.780%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 948 | 884 | 461 |
| &nbsp;&nbsp;&nbsp; 7791173, 4.750%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 3112 | 2905 | 230 |
| &nbsp;&nbsp;&nbsp; 7791251, 6.282%, 11/14/2025 †x¶#^ | Square | 5/16/2024 | 1649 | 1507 | 122 |
| &nbsp;&nbsp;&nbsp; 7791570, 5.347%, 11/15/2025 †x¶#^ | Square | 5/17/2024 | 5941 | 5500 | 440 |
| &nbsp;&nbsp;&nbsp; 7792317, 4.746%, 11/15/2025 †x¶#^ | Square | 5/17/2024 | 385 | 359 | 156 |
| &nbsp;&nbsp;&nbsp; 779258638, 16.262%, 4/23/2024 †x¥#^ | Stripe | 10/27/2022 | 2595 | 2699 | 130 |
| &nbsp;&nbsp;&nbsp; 7792608018, 19.282%, 1/06/2026 †x¥#^ | Stripe | 7/11/2024 | 793 | 825 | 40 |
| &nbsp;&nbsp;&nbsp; 7793081, 5.348%, 11/15/2025 †x¶#^ | Square | 5/17/2024 | 906 | 838 | 397 |
| &nbsp;&nbsp;&nbsp; 7793305821, 18.759%, 7/11/2023 †x¥#^ | Stripe | 1/13/2022 | 645 | 671 | 32 |
| &nbsp;&nbsp;&nbsp; 7793378, 5.724%, 11/15/2025 †x¶#^ | Square | 5/17/2024 | 1416 | 1306 | 615 |
| &nbsp;&nbsp;&nbsp; 7793885, 5.094%, 11/15/2025 †x¶#^ | Square | 5/17/2024 | 661 | 614 | 49 |
| &nbsp;&nbsp;&nbsp; 7794660, 5.909%, 11/15/2025 †x¶#^ | Square | 5/17/2024 | 2619 | 2405 | 194 |
| &nbsp;&nbsp;&nbsp; 7797095362, 20.519%, 5/03/2024 †x¥#^ | Stripe | 11/08/2022 | 4603 | 4787 | 230 |
| &nbsp;&nbsp;&nbsp; 77971568, 14.400%, 6/13/2023 †x¥#^ | Stripe | 12/16/2021 | 7567 | 7870 | 378 |
| &nbsp;&nbsp;&nbsp; 7797262707, 20.391%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 2762 | 2872 | 2923 |
| &nbsp;&nbsp;&nbsp; 7798178, 6.171%, 11/16/2025 †x¶#^ | Square | 5/20/2024 | 1957 | 1793 | 145 |
| &nbsp;&nbsp;&nbsp; 7798629002, 25.846%, 11/27/2026 †x¥ | Stripe | 6/03/2025 | 1733 | 1803 | 999 |
| &nbsp;&nbsp;&nbsp; 7799062, 5.347%, 11/16/2025 †x¶#^ | Square | 5/20/2024 | 27086 | 25075 | 10542 |
| &nbsp;&nbsp;&nbsp; 7800947, 5.094%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 5831 | 5417 | 2873 |
| &nbsp;&nbsp;&nbsp; 7801271, 6.162%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 8032 | 7352 | 594 |
| &nbsp;&nbsp;&nbsp; 7801585, 5.720%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 2110 | 1944 | 217 |
| &nbsp;&nbsp;&nbsp; 7801601, 5.552%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 1741 | 1635 | 129 |
| &nbsp;&nbsp;&nbsp; 7801677302, 18.256%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 2484 | 2608 | 2611 |
| &nbsp;&nbsp;&nbsp; 7801753, 6.158%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 1128 | 1033 | 434 |
| &nbsp;&nbsp;&nbsp; 7802215, 5.095%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 4549 | 4226 | 337 |
| &nbsp;&nbsp;&nbsp; 7802283, 4.745%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 293 | 274 | 37 |
| &nbsp;&nbsp;&nbsp; 7802575, 5.347%, 11/17/2025 †x¶#^ | Square | 5/21/2024 | 1493 | 1382 | 631 |
| &nbsp;&nbsp;&nbsp; 7804060, 6.166%, 11/18/2025 †x¶#^ | Square | 5/22/2024 | 2771 | 2539 | 205 |
| &nbsp;&nbsp;&nbsp; 7804513, 5.912%, 11/18/2025 †x¶#^ | Square | 5/22/2024 | 143 | 132 | 53 |
| &nbsp;&nbsp;&nbsp; 7804578, 5.912%, 11/18/2025 †x¶#^ | Square | 5/22/2024 | 359 | 330 | 61 |
| &nbsp;&nbsp;&nbsp; 7804737, 6.483%, 11/18/2025 †x¶#^ | Square | 5/22/2024 | 3439 | 3161 | 254 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6206** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7805212, 4.783%, 11/19/2025 †x¶#^ | Square | 5/22/2024 | $2035 | $1898 | $151 |
| &nbsp;&nbsp;&nbsp; 7805352, 5.094%, 11/19/2025 †x¶#^ | Square | 5/22/2024 | 3291 | 3058 | 244 |
| &nbsp;&nbsp;&nbsp; 7805577, 5.535%, 11/19/2025 †x¶#^ | Square | 5/22/2024 | 8106 | 7485 | 600 |
| &nbsp;&nbsp;&nbsp; 7806115, 5.530%, 11/20/2025 †x¶#^ | Square | 5/22/2024 | 3693 | 3410 | 273 |
| &nbsp;&nbsp;&nbsp; 7806919, 6.163%, 11/20/2025 †x¶#^ | Square | 5/22/2024 | 19244 | 17616 | 1424 |
| &nbsp;&nbsp;&nbsp; 7807390, 4.751%, 11/20/2025 †x¶#^ | Square | 5/22/2024 | 9558 | 8922 | 707 |
| &nbsp;&nbsp;&nbsp; 7807905870, 26.533%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 1453 | 1511 | 1535 |
| &nbsp;&nbsp;&nbsp; 7807955, 6.165%, 11/20/2025 †x¶#^ | Square | 5/22/2024 | 195 | 178 | 14 |
| &nbsp;&nbsp;&nbsp; 7808686, 4.781%, 11/20/2025 †x¶#^ | Square | 5/22/2024 | 722 | 673 | 115 |
| &nbsp;&nbsp;&nbsp; 7809652, 5.358%, 11/21/2025 †x¶#^ | Square | 5/23/2024 | 1191 | 1102 | 88 |
| &nbsp;&nbsp;&nbsp; 781062351, 16.000%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 23247 | 24409 | 24421 |
| &nbsp;&nbsp;&nbsp; 7811165, 5.909%, 11/21/2025 †x¶#^ | Square | 5/23/2024 | 1898 | 1744 | 140 |
| &nbsp;&nbsp;&nbsp; 7811448849, 20.400%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 7994 | 8314 | 8453 |
| &nbsp;&nbsp;&nbsp; 7812599, 4.780%, 11/21/2025 †x¶#^ | Square | 5/23/2024 | 7645 | 7133 | 3888 |
| &nbsp;&nbsp;&nbsp; 7812791, 5.724%, 11/21/2025 †x¶#^ | Square | 5/23/2024 | 8614 | 7933 | 3701 |
| &nbsp;&nbsp;&nbsp; 78130334, 22.390%, 8/13/2026 †x¥ | Stripe | 2/18/2025 | 1392 | 1448 | 797 |
| &nbsp;&nbsp;&nbsp; 7813159, 4.735%, 11/21/2025 †x¶#^ | Square | 5/23/2024 | 1689 | 1577 | 125 |
| &nbsp;&nbsp;&nbsp; 7813885, 4.742%, 11/22/2025 †x¶#^ | Square | 5/24/2024 | 3812 | 3559 | 282 |
| &nbsp;&nbsp;&nbsp; 7815116, 5.086%, 11/22/2025 †x¶#^ | Square | 5/24/2024 | 1891 | 1758 | 140 |
| &nbsp;&nbsp;&nbsp; 7815766, 5.897%, 11/22/2025 †x¶#^ | Square | 5/24/2024 | 393 | 361 | 52 |
| &nbsp;&nbsp;&nbsp; 7816022, 6.289%, 11/22/2025 †x¶#^ | Square | 5/24/2024 | 1409 | 1288 | 104 |
| &nbsp;&nbsp;&nbsp; 7816411, 5.349%, 11/22/2025 †x¶#^ | Square | 5/24/2024 | 2540 | 2351 | 1133 |
| &nbsp;&nbsp;&nbsp; 7816439, 5.441%, 11/22/2025 †x¶#^ | Square | 5/24/2024 | 39126 | 36183 | 2895 |
| &nbsp;&nbsp;&nbsp; 7816846, 6.163%, 11/22/2025 †x¶#^ | Square | 5/24/2024 | 9016 | 8254 | 667 |
| &nbsp;&nbsp;&nbsp; 7817417674, 22.528%, 7/04/2024 †x¥#^ | Stripe | 1/09/2023 | 5251 | 5461 | 263 |
| &nbsp;&nbsp;&nbsp; 7818070525, 17.978%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 1573 | 1636 | 1657 |
| &nbsp;&nbsp;&nbsp; 7819895026, 26.523%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 258 | 268 | 274 |
| &nbsp;&nbsp;&nbsp; 7821093322, 26.504%, 10/09/2025 †x¥#^ | Stripe | 4/15/2024 | 1703 | 1771 | 85 |
| &nbsp;&nbsp;&nbsp; 7821432, 6.289%, 11/23/2025 †x¶#^ | Square | 5/28/2024 | 4304 | 3944 | 318 |
| &nbsp;&nbsp;&nbsp; 7821839, 5.913%, 11/23/2025 †x¶#^ | Square | 5/28/2024 | 24951 | 22918 | 1846 |
| &nbsp;&nbsp;&nbsp; 7824046, 4.780%, 11/23/2025 †x¶#^ | Square | 5/28/2024 | 1673 | 1561 | 846 |
| &nbsp;&nbsp;&nbsp; 7824631438, 25.592%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 5266 | 5476 | 5583 |
| &nbsp;&nbsp;&nbsp; 7824778, 4.755%, 11/23/2025 †x¶#^ | Square | 5/28/2024 | 2695 | 2516 | 199 |
| &nbsp;&nbsp;&nbsp; 7824781, 4.765%, 11/23/2025 †x¶#^ | Square | 5/28/2024 | 297 | 278 | 22 |
| &nbsp;&nbsp;&nbsp; 7825038, 4.780%, 11/23/2025 †x¶#^ | Square | 5/28/2024 | 3350 | 3126 | 248 |
| &nbsp;&nbsp;&nbsp; 7825738, 6.164%, 11/24/2025 †x¶#^ | Square | 5/29/2024 | 70 | 64 | 5 |
| &nbsp;&nbsp;&nbsp; 7826899, 6.164%, 11/24/2025 †x¶#^ | Square | 5/29/2024 | 1079 | 988 | 80 |
| &nbsp;&nbsp;&nbsp; 7827323, 6.173%, 11/24/2025 †x¶#^ | Square | 5/29/2024 | 755 | 691 | 319 |
| &nbsp;&nbsp;&nbsp; 7828106398, 16.000%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 7795 | 8185 | 8196 |
| &nbsp;&nbsp;&nbsp; 7828506, 6.289%, 11/24/2025 †x¶#^ | Square | 5/29/2024 | 1164 | 1064 | 406 |
| &nbsp;&nbsp;&nbsp; 7829935, 4.791%, 11/25/2025 †x¶#^ | Square | 5/30/2024 | 257 | 240 | 134 |
| &nbsp;&nbsp;&nbsp; 7830179, 5.916%, 11/25/2025 †x¶#^ | Square | 5/30/2024 | 4145 | 3808 | 307 |
| &nbsp;&nbsp;&nbsp; 7830722030, 21.956%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 316 | 329 | 59 |
| &nbsp;&nbsp;&nbsp; 7831057, 5.531%, 11/26/2025 †x¶#^ | Square | 5/30/2024 | 981 | 906 | 73 |
| &nbsp;&nbsp;&nbsp; 7831081, 6.482%, 11/26/2025 †x¶#^ | Square | 5/30/2024 | 1371 | 1249 | 101 |
| &nbsp;&nbsp;&nbsp; 7831205, 4.745%, 11/26/2025 †x¶#^ | Square | 5/30/2024 | 3775 | 3533 | 279 |
| &nbsp;&nbsp;&nbsp; 7833009822, 25.600%, 2/19/2027 †x¥ | Stripe | 8/26/2025 | 693 | 721 | 736 |
| &nbsp;&nbsp;&nbsp; 783476195, 24.000%, 9/17/2023 †x¥#^ | Stripe | 1/21/2022 | 11570 | 12033 | 579 |
| &nbsp;&nbsp;&nbsp; 7834918, 6.161%, 11/28/2025 †x¶#^ | Square | 5/30/2024 | 3004 | 2750 | 222 |
| &nbsp;&nbsp;&nbsp; 7836135, 6.158%, 11/28/2025 †x¶#^ | Square | 5/30/2024 | 2099 | 1921 | 155 |
| &nbsp;&nbsp;&nbsp; 7836431, 5.094%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | 8888 | 8257 | 4691 |
| &nbsp;&nbsp;&nbsp; 7837669, 4.762%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | 143 | 134 | 11 |
| &nbsp;&nbsp;&nbsp; 7837715, 4.746%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | 3065 | 2861 | 227 |
| &nbsp;&nbsp;&nbsp; 7838038, 6.289%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | 9112 | 8327 | 674 |
| &nbsp;&nbsp;&nbsp; 7838121, 6.289%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | 2271 | 2076 | 168 |
| &nbsp;&nbsp;&nbsp; 7838970, 5.536%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | 6788 | 6268 | 705 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6207** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7838991, 4.750%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | $6048 | $5646 | $448 |
| &nbsp;&nbsp;&nbsp; 7839816809, 20.657%, 4/09/2025 †x¥#^ | Stripe | 10/13/2023 | 1586 | 1649 | 79 |
| &nbsp;&nbsp;&nbsp; 7839825894, 20.267%, 7/24/2024 †x¥#^ | Stripe | 1/27/2023 | 1088 | 1131 | 54 |
| &nbsp;&nbsp;&nbsp; 7839938, 5.346%, 11/29/2025 †x¶#^ | Square | 5/31/2024 | 2033 | 1882 | 1084 |
| &nbsp;&nbsp;&nbsp; 7840417525, 26.500%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 3200 | 3360 | 3360 |
| &nbsp;&nbsp;&nbsp; 7842088244, 18.000%, 2/05/2027 †x¥ | Stripe | 8/12/2025 | 2462 | 2560 | 2595 |
| &nbsp;&nbsp;&nbsp; 7844447299, 18.083%, 1/23/2027 †x¥ | Stripe | 7/30/2025 | 459 | 478 | 486 |
| &nbsp;&nbsp;&nbsp; 7848777886, 24.000%, 10/03/2023 †x¥#^ | Stripe | 4/07/2022 | 10928 | 11365 | 546 |
| &nbsp;&nbsp;&nbsp; 7850741189, 11.733%, 11/14/2023 †x¥#^ | Stripe | 5/19/2022 | 30714 | 31943 | 1536 |
| &nbsp;&nbsp;&nbsp; 7855540400, 16.261%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 19028 | 19979 | 19982 |
| &nbsp;&nbsp;&nbsp; 7856149553, 25.865%, 10/07/2026 †x¥ | Stripe | 4/11/2025 | 2198 | 2286 | 2353 |
| &nbsp;&nbsp;&nbsp; 7856568844, 26.533%, 1/22/2027 †x¥ | Stripe | 7/29/2025 | 12463 | 12962 | 13091 |
| &nbsp;&nbsp;&nbsp; 7856795793, 26.526%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 3637 | 3818 | 3820 |
| &nbsp;&nbsp;&nbsp; 7858768742, 26.129%, 3/17/2026 †x¥# | Stripe | 9/19/2024 | 18136 | 18861 | 907 |
| &nbsp;&nbsp;&nbsp; 786035734, 22.526%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 2116 | 2200 | 106 |
| &nbsp;&nbsp;&nbsp; 7862807490, 25.333%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 1618 | 1682 | 81 |
| &nbsp;&nbsp;&nbsp; 7862896615, 17.593%, 9/13/2025 †x¥#^ | Stripe | 3/20/2024 | 8278 | 8609 | 414 |
| &nbsp;&nbsp;&nbsp; 7868839255, 10.667%, 5/03/2024 †x¥#^ | Stripe | 11/08/2022 | 5509 | 5730 | 275 |
| &nbsp;&nbsp;&nbsp; 7869654394, 24.000%, 10/01/2024 †x¥#^ | Stripe | 4/06/2023 | 8137 | 8462 | 407 |
| &nbsp;&nbsp;&nbsp; 7871230221, 26.533%, 7/16/2026 †x¥ | Stripe | 1/21/2025 | 346 | 360 | 376 |
| &nbsp;&nbsp;&nbsp; 7872695994, 26.533%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 10517 | 11043 | 11109 |
| &nbsp;&nbsp;&nbsp; 788003961, 19.996%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 2250 | 2340 | 113 |
| &nbsp;&nbsp;&nbsp; 78815737, 20.000%, 6/30/2026 †x¥ | Stripe | 1/03/2025 | 34296 | 35667 | 36437 |
| &nbsp;&nbsp;&nbsp; 7885557074, 21.091%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 978 | 1017 | 49 |
| &nbsp;&nbsp;&nbsp; 7886746819, 23.864%, 3/21/2023 †x¥#^ | Stripe | 9/23/2021 | 11521 | 11982 | 576 |
| &nbsp;&nbsp;&nbsp; 7895799254, 26.533%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 1963 | 2061 | 2061 |
| &nbsp;&nbsp;&nbsp; 7895885634, 22.115%, 7/11/2025 †x¥#^ | Stripe | 1/17/2024 | 1846 | 1920 | 92 |
| &nbsp;&nbsp;&nbsp; 7896687065, 19.861%, 3/01/2024 †x¥#^ | Stripe | 9/07/2022 | 3079 | 3202 | 154 |
| &nbsp;&nbsp;&nbsp; 7897210730, 20.800%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 320 | 332 | 339 |
| &nbsp;&nbsp;&nbsp; 7898261920, 14.788%, 6/26/2026 †x¥ | Stripe | 12/31/2024 | 18 | 19 | 19 |
| &nbsp;&nbsp;&nbsp; 7899321, 21.200%, 11/18/2025 †x¥#^ | Stripe | 5/23/2024 | 399 | 415 | 20 |
| &nbsp;&nbsp;&nbsp; 78a9ae51-7c5b-4704-96ba-568822eb507e, 11.890%, 7/18/2019 †x#^ | Funding Circle | 12/16/2016 | 1115 | 1115 |  |
| &nbsp;&nbsp;&nbsp; 7900545885, 25.576%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 385 | 401 | 409 |
| &nbsp;&nbsp;&nbsp; 7901248206, 26.133%, 4/28/2026 †x¥# | Stripe | 10/31/2024 | 4338 | 4512 | 217 |
| &nbsp;&nbsp;&nbsp; 7901377171, 14.000%, 1/30/2027 †x¥ | Stripe | 8/06/2025 | 10301 | 10713 | 10844 |
| &nbsp;&nbsp;&nbsp; 7902180, 5.094%, 12/17/2025 †x¶#^ | Square | 6/20/2024 | 66279 | 61597 | 4905 |
| &nbsp;&nbsp;&nbsp; 7906538774, 24.000%, 4/15/2023 †x¥#^ | Stripe | 8/19/2021 | 6493 | 6753 | 325 |
| &nbsp;&nbsp;&nbsp; 7909736910, 20.399%, 8/17/2024 †x¥#^ | Stripe | 2/23/2023 | 45049 | 46851 | 2252 |
| &nbsp;&nbsp;&nbsp; 7909777021, 14.667%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 5268 | 5532 | 5548 |
| &nbsp;&nbsp;&nbsp; 7910996693, 22.115%, 2/02/2024 †x¥#^ | Stripe | 8/09/2022 | 4971 | 5170 | 249 |
| &nbsp;&nbsp;&nbsp; 7911233009, 17.866%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 11370 | 11825 | 11965 |
| &nbsp;&nbsp;&nbsp; 7912544085, 17.866%, 9/19/2024 †x¥#^ | Stripe | 3/27/2023 | 84423 | 87799 | 4221 |
| &nbsp;&nbsp;&nbsp; 7915462491, 19.333%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 5135 | 5340 | 257 |
| &nbsp;&nbsp;&nbsp; 791566393, 26.510%, 9/03/2025 †x¥#^ | Stripe | 1/10/2024 | 2064 | 2147 | 103 |
| &nbsp;&nbsp;&nbsp; 7915669685, 18.667%, 4/24/2025 †x¥#^ | Stripe | 10/30/2023 | 1127 | 1172 | 56 |
| &nbsp;&nbsp;&nbsp; 7922790668, 19.333%, 12/17/2026 †x¥ | Stripe | 6/24/2025 | 1866 | 1941 | 1988 |
| &nbsp;&nbsp;&nbsp; 7932021545, 18.400%, 10/10/2023 †x¥#^ | Stripe | 4/14/2022 | 7895 | 8211 | 395 |
| &nbsp;&nbsp;&nbsp; 7932328960, 20.373%, 11/27/2026 †x¥ | Stripe | 6/03/2025 | 718 | 747 | 760 |
| &nbsp;&nbsp;&nbsp; 7934764368, 18.933%, 6/20/2026 †x¥# | Stripe | 10/24/2024 | 10072 | 10475 | 2763 |
| &nbsp;&nbsp;&nbsp; 7935037, 4.779%, 12/27/2025 †x¶#^ | Square | 7/01/2024 | 2341 | 2185 | 1423 |
| &nbsp;&nbsp;&nbsp; 7936527, 6.289%, 12/27/2025 †x¶#^ | Square | 7/01/2024 | 1545 | 1412 | 843 |
| &nbsp;&nbsp;&nbsp; 7936903776, 25.867%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 252 | 262 | 270 |
| &nbsp;&nbsp;&nbsp; 7937125, 5.912%, 12/27/2025 †x¶#^ | Square | 7/01/2024 | 257 | 236 | 143 |
| &nbsp;&nbsp;&nbsp; 7937402, 5.094%, 12/27/2025 †x¶#^ | Square | 7/01/2024 | 32231 | 29943 | 2385 |
| &nbsp;&nbsp;&nbsp; 7938234707, 12.800%, 7/09/2027 †x¥ | Stripe | 1/13/2026 | 94414 | 99135 | 99418 |
| &nbsp;&nbsp;&nbsp; 7938434530, 20.399%, 12/04/2025 †x¥#^ | Stripe | 6/10/2024 | 58919 | 61276 | 2946 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6208** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7939753067, 22.131%, 7/02/2025 †x¥#^ | Stripe | 1/05/2024 | $11615 | $12080 | $581 |
| &nbsp;&nbsp;&nbsp; 7940248956, 22.933%, 6/12/2024 †x¥#^ | Stripe | 12/16/2022 | 1842 | 1916 | 92 |
| &nbsp;&nbsp;&nbsp; 7940754, 4.780%, 12/28/2025 †x¶#^ | Square | 7/02/2024 | 32756 | 30565 | 19704 |
| &nbsp;&nbsp;&nbsp; 7941675, 5.713%, 12/28/2025 †x¶#^ | Square | 7/02/2024 | 217 | 200 | 111 |
| &nbsp;&nbsp;&nbsp; 7942126, 5.428%, 12/29/2025 †x¶#^ | Square | 7/03/2024 | 341 | 315 | 174 |
| &nbsp;&nbsp;&nbsp; 7943382542, 20.392%, 12/30/2026 †x¥ | Stripe | 7/07/2025 | 306 | 318 | 325 |
| &nbsp;&nbsp;&nbsp; 7943754, 6.189%, 12/30/2025 †x¶#^ | Square | 7/03/2024 | 61 | 56 | 9 |
| &nbsp;&nbsp;&nbsp; 7944506, 5.900%, 1/01/2026 †x¶#^ | Square | 7/03/2024 | 411 | 378 | 255 |
| &nbsp;&nbsp;&nbsp; 7946183, 4.747%, 1/01/2026 †x¶#^ | Square | 7/03/2024 | 5458 | 5095 | 404 |
| &nbsp;&nbsp;&nbsp; 7946548, 5.096%, 1/01/2026 †x¶#^ | Square | 7/03/2024 | 14819 | 13767 | 1097 |
| &nbsp;&nbsp;&nbsp; 7946710, 4.788%, 1/01/2026 †x¶#^ | Square | 7/03/2024 | 649 | 606 | 403 |
| &nbsp;&nbsp;&nbsp; 7946756, 4.783%, 1/01/2026 †x¶#^ | Square | 7/03/2024 | 675 | 630 | 50 |
| &nbsp;&nbsp;&nbsp; 7947412, 5.095%, 1/01/2026 †x¶#^ | Square | 7/03/2024 | 28918 | 26884 | 2140 |
| &nbsp;&nbsp;&nbsp; 7949516, 6.163%, 1/02/2026 †x¶#^ | Square | 7/05/2024 | 6523 | 5971 | 483 |
| &nbsp;&nbsp;&nbsp; 7950032, 6.160%, 1/02/2026 †x¶#^ | Square | 7/05/2024 | 683 | 625 | 327 |
| &nbsp;&nbsp;&nbsp; 7950892305, 19.867%, 10/10/2023 †x¥#^ | Stripe | 4/14/2022 | 13381 | 13916 | 669 |
| &nbsp;&nbsp;&nbsp; 7953666392, 20.399%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 45842 | 47675 | 48294 |
| &nbsp;&nbsp;&nbsp; 7957177, 5.724%, 1/03/2026 †x¶#^ | Square | 7/08/2024 | 10315 | 9499 | 5350 |
| &nbsp;&nbsp;&nbsp; 7957866, 4.745%, 1/03/2026 †x¶#^ | Square | 7/08/2024 | 3308 | 3096 | 245 |
| &nbsp;&nbsp;&nbsp; 7959261, 5.911%, 1/04/2026 †x¶#^ | Square | 7/09/2024 | 1889 | 1735 | 140 |
| &nbsp;&nbsp;&nbsp; 7961141, 4.774%, 1/05/2026 †x¶#^ | Square | 7/09/2024 | 2127 | 1985 | 1285 |
| &nbsp;&nbsp;&nbsp; 7962044, 5.912%, 1/05/2026 †x¶#^ | Square | 7/09/2024 | 909 | 835 | 470 |
| &nbsp;&nbsp;&nbsp; 7962296, 5.348%, 1/05/2026 †x¶#^ | Square | 7/09/2024 | 5647 | 5227 | 418 |
| &nbsp;&nbsp;&nbsp; 7962479, 4.717%, 1/05/2026 †x¶#^ | Square | 7/09/2024 | 88 | 82 | 6 |
| &nbsp;&nbsp;&nbsp; 7962978859, 20.372%, 8/16/2024 †x¥#^ | Stripe | 2/22/2023 | 2576 | 2679 | 129 |
| &nbsp;&nbsp;&nbsp; 7963196, 4.779%, 1/06/2026 †x¶#^ | Square | 7/10/2024 | 7590 | 7082 | 4803 |
| &nbsp;&nbsp;&nbsp; 7964147, 4.747%, 1/07/2026 †x¶#^ | Square | 7/10/2024 | 1360 | 1270 | 722 |
| &nbsp;&nbsp;&nbsp; 7964383, 6.473%, 1/07/2026 †x¶#^ | Square | 7/10/2024 | 1550 | 1413 | 115 |
| &nbsp;&nbsp;&nbsp; 7964568, 4.787%, 1/07/2026 †x¶#^ | Square | 7/10/2024 | 626 | 584 | 73 |
| &nbsp;&nbsp;&nbsp; 7964923, 5.346%, 1/07/2026 †x¶#^ | Square | 7/10/2024 | 3231 | 2991 | 239 |
| &nbsp;&nbsp;&nbsp; 7965411, 5.914%, 1/08/2026 †x¶#^ | Square | 7/10/2024 | 1416 | 1308 | 105 |
| &nbsp;&nbsp;&nbsp; 7966602, 6.178%, 1/08/2026 †x¶#^ | Square | 7/10/2024 | 672 | 616 | 320 |
| &nbsp;&nbsp;&nbsp; 7967116, 6.296%, 1/08/2026 †x¶#^ | Square | 7/10/2024 | 338 | 308 | 176 |
| &nbsp;&nbsp;&nbsp; 7967261062, 26.476%, 12/09/2026 †x¥ | Stripe | 6/13/2025 | 793 | 824 | 836 |
| &nbsp;&nbsp;&nbsp; 7968014, 5.097%, 1/08/2026 †x¶#^ | Square | 7/10/2024 | 1137 | 1056 | 644 |
| &nbsp;&nbsp;&nbsp; 7968285, 5.911%, 1/08/2026 †x¶#^ | Square | 7/10/2024 | 7521 | 6909 | 557 |
| &nbsp;&nbsp;&nbsp; 7968324312, 22.400%, 7/24/2026 †x¥# | Stripe | 1/28/2025 | 2120 | 2205 | 399 |
| &nbsp;&nbsp;&nbsp; 7968433, 5.451%, 1/08/2026 †x¶#^ | Square | 7/10/2024 | 205 | 189 | 103 |
| &nbsp;&nbsp;&nbsp; 7969157910, 18.928%, 2/23/2024 †x¥#^ | Stripe | 8/30/2022 | 13520 | 14061 | 676 |
| &nbsp;&nbsp;&nbsp; 7969690, 6.497%, 1/09/2026 †x¶#^ | Square | 7/11/2024 | 687 | 626 | 100 |
| &nbsp;&nbsp;&nbsp; 7970382651, 23.329%, 11/27/2024 †x¥#^ | Stripe | 4/05/2023 | 14115 | 14680 | 706 |
| &nbsp;&nbsp;&nbsp; 7971365, 6.167%, 1/09/2026 †x¶#^ | Square | 7/11/2024 | 1454 | 1331 | 255 |
| &nbsp;&nbsp;&nbsp; 7972746716, 14.000%, 10/10/2023 †x¥#^ | Stripe | 4/14/2022 | 103522 | 107662 | 5176 |
| &nbsp;&nbsp;&nbsp; 797295503, 23.199%, 10/22/2026 †x¥ | Stripe | 4/28/2025 | 26023 | 27064 | 27696 |
| &nbsp;&nbsp;&nbsp; 7973074, 5.533%, 1/10/2026 †x¶#^ | Square | 7/12/2024 | 4517 | 4171 | 334 |
| &nbsp;&nbsp;&nbsp; 7973125, 4.754%, 1/10/2026 †x¶#^ | Square | 7/12/2024 | 3553 | 3316 | 263 |
| &nbsp;&nbsp;&nbsp; 7973817, 5.729%, 1/10/2026 †x¶#^ | Square | 7/12/2024 | 932 | 858 | 69 |
| &nbsp;&nbsp;&nbsp; 7974254, 5.912%, 1/10/2026 †x¶#^ | Square | 7/12/2024 | 253 | 232 | 130 |
| &nbsp;&nbsp;&nbsp; 7974297, 6.162%, 1/10/2026 †x¶#^ | Square | 7/12/2024 | 790 | 724 | 431 |
| &nbsp;&nbsp;&nbsp; 7974648, 6.289%, 1/10/2026 †x¶#^ | Square | 7/12/2024 | 4865 | 4445 | 635 |
| &nbsp;&nbsp;&nbsp; 7975014, 4.779%, 1/10/2026 †x¶#^ | Square | 7/12/2024 | 13852 | 12926 | 1025 |
| &nbsp;&nbsp;&nbsp; 7975204764, 18.529%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 177 | 184 | 9 |
| &nbsp;&nbsp;&nbsp; 7976233783, 20.000%, 8/22/2026 †x¥# | Stripe | 2/26/2025 | 11219 | 11667 | 2084 |
| &nbsp;&nbsp;&nbsp; 7977203, 4.756%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | 695 | 649 | 251 |
| &nbsp;&nbsp;&nbsp; 7977583, 6.478%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | 1434 | 1310 | 765 |
| &nbsp;&nbsp;&nbsp; 7978384, 5.347%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | 1325 | 1227 | 98 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6209** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 7978588, 4.745%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | $1561 | $1457 | $235 |
| &nbsp;&nbsp;&nbsp; 7978963, 5.535%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | 2871 | 2651 | 1871 |
| &nbsp;&nbsp;&nbsp; 7979349, 6.476%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | 1827 | 1665 | 317 |
| &nbsp;&nbsp;&nbsp; 7979372, 5.346%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | 69700 | 64525 | 5158 |
| &nbsp;&nbsp;&nbsp; 7979995, 4.780%, 1/11/2026 †x¶#^ | Square | 7/15/2024 | 1101 | 1027 | 697 |
| &nbsp;&nbsp;&nbsp; 7981248, 6.174%, 1/12/2026 †x¶#^ | Square | 7/16/2024 | 1155 | 1057 | 85 |
| &nbsp;&nbsp;&nbsp; 7982642488, 26.424%, 3/20/2027 †x¥ | Stripe | 9/24/2025 | 268 | 278 | 283 |
| &nbsp;&nbsp;&nbsp; 7984346, 5.099%, 1/13/2026 †x¶#^ | Square | 7/17/2024 | 285 | 265 | 186 |
| &nbsp;&nbsp;&nbsp; 7985165920, 25.985%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 4500 | 4725 | 4725 |
| &nbsp;&nbsp;&nbsp; 7985600, 6.165%, 1/14/2026 †x¶#^ | Square | 7/17/2024 | 8750 | 8009 | 648 |
| &nbsp;&nbsp;&nbsp; 7986390471, 25.600%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 499 | 519 | 534 |
| &nbsp;&nbsp;&nbsp; 7987103, 6.142%, 1/15/2026 †x¶#^ | Square | 7/17/2024 | 794 | 727 | 59 |
| &nbsp;&nbsp;&nbsp; 7988000, 6.162%, 1/15/2026 †x¶#^ | Square | 7/17/2024 | 2778 | 2543 | 206 |
| &nbsp;&nbsp;&nbsp; 7988692, 6.155%, 1/15/2026 †x¶#^ | Square | 7/17/2024 | 770 | 705 | 57 |
| &nbsp;&nbsp;&nbsp; 7991012351, 20.800%, 6/01/2025 †x¥#^ | Stripe | 5/03/2023 | 4575 | 4758 | 229 |
| &nbsp;&nbsp;&nbsp; 7991585, 4.737%, 1/16/2026 †x¶#^ | Square | 7/18/2024 | 1359 | 1269 | 101 |
| &nbsp;&nbsp;&nbsp; 799263524, 12.800%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 12000 | 12600 | 12600 |
| &nbsp;&nbsp;&nbsp; 7992984, 6.289%, 1/16/2026 †x¶#^ | Square | 7/18/2024 | 13677 | 12498 | 1012 |
| &nbsp;&nbsp;&nbsp; 7994175, 6.267%, 1/17/2026 †x¶#^ | Square | 7/19/2024 | 835 | 764 | 62 |
| &nbsp;&nbsp;&nbsp; 7994411, 5.347%, 1/17/2026 †x¶#^ | Square | 7/19/2024 | 50 | 46 | 34 |
| &nbsp;&nbsp;&nbsp; 7995085336, 18.776%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 4560 | 4742 | 228 |
| &nbsp;&nbsp;&nbsp; 7995501148, 18.266%, 12/04/2024 †x¥#^ | Stripe | 6/09/2023 | 10565 | 10987 | 528 |
| &nbsp;&nbsp;&nbsp; 7995814302, 19.333%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 7284 | 7648 | 7682 |
| &nbsp;&nbsp;&nbsp; 7997811, 4.780%, 1/17/2026 †x¶#^ | Square | 7/19/2024 | 39667 | 37013 | 2935 |
| &nbsp;&nbsp;&nbsp; 7997967466, 17.066%, 6/30/2024 †x¥#^ | Stripe | 11/04/2022 | 59934 | 62331 | 2997 |
| &nbsp;&nbsp;&nbsp; 7b3f605a-09f4-40ef-aec7-5beb2071bd43, 16.090%, 4/09/2018 †x#^ | Funding Circle | 12/16/2016 | 246761 | 246761 | 74028 |
| &nbsp;&nbsp;&nbsp; 7cefe586-c397-474f-842f-5ae699581004, 15.090%, 3/23/2018 †x#^ | Funding Circle | 12/16/2016 | 23494 | 23494 | 7048 |
| &nbsp;&nbsp;&nbsp; 7d08f75d-41d3-4a5a-b40c-237b187ef239, 8.250%, 5/22/2023 †x#^ | Funding Circle | 5/24/2018 | 32452 | 32452 | 9736 |
| &nbsp;&nbsp;&nbsp; 7d0e70e8-7e5d-4cc5-9fcc-12bd8fac5229, 15.090%, 10/30/2018 †x#^ | Funding Circle | 8/31/2017 | 234894 | 234894 | 70468 |
| &nbsp;&nbsp;&nbsp; 7ea25f0d-4f05-4719-b6ec-7dddfe9eb9c5, 8.250%, 1/18/2023 †x#^ | Funding Circle | 1/22/2018 | 28737 | 28737 | 8621 |
| &nbsp;&nbsp;&nbsp; 8000469, 5.348%, 1/17/2026 †x¶#^ | Square | 7/19/2024 | 249 | 231 | 147 |
| &nbsp;&nbsp;&nbsp; 8000810, 5.093%, 1/17/2026 †x¶#^ | Square | 7/19/2024 | 1594 | 1481 | 928 |
| &nbsp;&nbsp;&nbsp; 8001061724, 21.198%, 9/25/2025 †x¥#^ | Stripe | 4/01/2024 | 5810 | 6042 | 290 |
| &nbsp;&nbsp;&nbsp; 8003265, 4.780%, 1/18/2026 †x¶#^ | Square | 7/22/2024 | 5003 | 4668 | 3218 |
| &nbsp;&nbsp;&nbsp; 8005604091, 26.248%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 1556 | 1618 | 78 |
| &nbsp;&nbsp;&nbsp; 8005744894, 22.240%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 2045 | 2147 | 2157 |
| &nbsp;&nbsp;&nbsp; 8006107, 4.780%, 1/18/2026 †x¶#^ | Square | 7/22/2024 | 8839 | 8247 | 5606 |
| &nbsp;&nbsp;&nbsp; 8006396, 5.730%, 1/18/2026 †x¶#^ | Square | 7/22/2024 | 116 | 107 | 78 |
| &nbsp;&nbsp;&nbsp; 8006813498, 20.266%, 10/17/2024 †x¥#^ | Stripe | 4/24/2023 | 25762 | 26793 | 1288 |
| &nbsp;&nbsp;&nbsp; 8008008, 6.478%, 1/19/2026 †x¶#^ | Square | 7/23/2024 | 10484 | 9556 | 776 |
| &nbsp;&nbsp;&nbsp; 8008128, 5.535%, 1/19/2026 †x¶#^ | Square | 7/23/2024 | 1325 | 1224 | 843 |
| &nbsp;&nbsp;&nbsp; 8008274, 5.092%, 1/19/2026 †x¶#^ | Square | 7/23/2024 | 6493 | 6032 | 1871 |
| &nbsp;&nbsp;&nbsp; 8008584, 4.769%, 1/19/2026 †x¶#^ | Square | 7/23/2024 | 414 | 386 | 75 |
| &nbsp;&nbsp;&nbsp; 8010786, 6.165%, 1/21/2026 †x¶#^ | Square | 7/24/2024 | 6704 | 6137 | 496 |
| &nbsp;&nbsp;&nbsp; 8011247604, 19.333%, 3/11/2027 †x¥ | Stripe | 9/15/2025 | 1681 | 1748 | 1774 |
| &nbsp;&nbsp;&nbsp; 8011327, 6.164%, 1/21/2026 †x¶#^ | Square | 7/24/2024 | 14667 | 13430 | 1085 |
| &nbsp;&nbsp;&nbsp; 8011931961, 20.667%, 3/11/2023 †x¥#^ | Stripe | 9/15/2021 | 9425 | 9802 | 471 |
| &nbsp;&nbsp;&nbsp; 8012890510, 22.397%, 9/20/2024 †x¥#^ | Stripe | 3/28/2023 | 7408 | 7704 | 370 |
| &nbsp;&nbsp;&nbsp; 8013451888, 22.397%, 1/28/2025 †x¥#^ | Stripe | 8/03/2023 | 21114 | 21959 | 1056 |
| &nbsp;&nbsp;&nbsp; 8015435, 4.803%, 1/23/2026 †x¶#^ | Square | 7/25/2024 | 227 | 212 | 17 |
| &nbsp;&nbsp;&nbsp; 8015446, 5.911%, 1/23/2026 †x¶#^ | Square | 7/25/2024 | 351 | 322 | 161 |
| &nbsp;&nbsp;&nbsp; 8016196, 5.723%, 1/23/2026 †x¶#^ | Square | 7/25/2024 | 15347 | 14133 | 1136 |
| &nbsp;&nbsp;&nbsp; 8016648738, 20.351%, 3/20/2027 †x¥ | Stripe | 9/24/2025 | 745 | 774 | 786 |
| &nbsp;&nbsp;&nbsp; 8017118, 5.346%, 1/23/2026 †x¶#^ | Square | 7/25/2024 | 27107 | 25095 | 2006 |
| &nbsp;&nbsp;&nbsp; 8017219480, 21.059%, 8/06/2024 †x¥#^ | Stripe | 2/09/2023 | 182 | 189 | 9 |
| &nbsp;&nbsp;&nbsp; 8017723, 5.095%, 1/23/2026 †x¶#^ | Square | 7/25/2024 | 69618 | 64675 | 5152 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6210** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8018387301, 25.993%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | $6697 | $7032 | $7068 |
| &nbsp;&nbsp;&nbsp; 8018471, 5.909%, 1/23/2026 †x¶#^ | Square | 7/25/2024 | 113 | 104 | 8 |
| &nbsp;&nbsp;&nbsp; 8018885, 5.344%, 1/24/2026 †x¶#^ | Square | 7/26/2024 | 3337 | 3137 | 247 |
| &nbsp;&nbsp;&nbsp; 8021262245, 23.570%, 8/30/2023 †x¥#^ | Stripe | 3/04/2022 | 739 | 768 | 37 |
| &nbsp;&nbsp;&nbsp; 8021417, 6.161%, 1/24/2026 †x¶#^ | Square | 7/26/2024 | 6347 | 5810 | 2434 |
| &nbsp;&nbsp;&nbsp; 8021484, 5.916%, 1/24/2026 †x¶#^ | Square | 7/26/2024 | 2279 | 2094 | 169 |
| &nbsp;&nbsp;&nbsp; 8021840098, 20.390%, 10/12/2023 †x¥#^ | Stripe | 4/18/2022 | 1708 | 1776 | 85 |
| &nbsp;&nbsp;&nbsp; 8024697, 5.346%, 1/25/2026 †x¶#^ | Square | 7/29/2024 | 122 | 112 | 72 |
| &nbsp;&nbsp;&nbsp; 8024729, 4.754%, 1/25/2026 †x¶#^ | Square | 7/29/2024 | 2203 | 2056 | 456 |
| &nbsp;&nbsp;&nbsp; 8025130, 5.912%, 1/25/2026 †x¶#^ | Square | 7/29/2024 | 3665 | 3367 | 933 |
| &nbsp;&nbsp;&nbsp; 8025346910, 20.381%, 8/30/2024 †x¥#^ | Stripe | 12/09/2022 | 128 | 133 | 6 |
| &nbsp;&nbsp;&nbsp; 8026248, 5.346%, 1/25/2026 †x¶#^ | Square | 7/29/2024 | 1717 | 1590 | 559 |
| &nbsp;&nbsp;&nbsp; 8026734943, 25.861%, 7/31/2025 †x¥#^ | Stripe | 2/05/2024 | 3733 | 3883 | 187 |
| &nbsp;&nbsp;&nbsp; 8029200955, 21.988%, 10/01/2024 †x¥#^ | Stripe | 4/06/2023 | 3903 | 4059 | 195 |
| &nbsp;&nbsp;&nbsp; 8029231045, 25.580%, 12/08/2026 †x¥# | Stripe | 6/12/2025 | 2700 | 2808 | 135 |
| &nbsp;&nbsp;&nbsp; 8029556, 6.289%, 1/26/2026 †x¶#^ | Square | 7/30/2024 | 3947 | 3607 | 292 |
| &nbsp;&nbsp;&nbsp; 8031673, 4.779%, 1/27/2026 †x¶#^ | Square | 7/31/2024 | 932 | 869 | 643 |
| &nbsp;&nbsp;&nbsp; 8031930, 4.781%, 1/27/2026 †x¶#^ | Square | 7/31/2024 | 8989 | 8388 | 665 |
| &nbsp;&nbsp;&nbsp; 8034253, 5.088%, 1/29/2026 †x¶#^ | Square | 7/31/2024 | 298 | 277 | 208 |
| &nbsp;&nbsp;&nbsp; 8034397387, 19.331%, 4/02/2025 †x¥#^ | Stripe | 10/06/2023 | 24241 | 25210 | 1212 |
| &nbsp;&nbsp;&nbsp; 8034468, 4.756%, 1/29/2026 †x¶#^ | Square | 7/31/2024 | 369 | 344 | 27 |
| &nbsp;&nbsp;&nbsp; 8034950, 6.165%, 1/29/2026 †x¶#^ | Square | 7/31/2024 | 7554 | 6914 | 559 |
| &nbsp;&nbsp;&nbsp; 8035457, 5.095%, 1/29/2026 †x¶#^ | Square | 7/31/2024 | 1854 | 1722 | 1298 |
| &nbsp;&nbsp;&nbsp; 8035624916, 23.867%, 5/30/2024 †x¥#^ | Stripe | 5/12/2022 | 9442 | 9820 | 472 |
| &nbsp;&nbsp;&nbsp; 8036671, 6.159%, 1/29/2026 †x¶#^ | Square | 7/31/2024 | 1828 | 1673 | 931 |
| &nbsp;&nbsp;&nbsp; 8036920, 4.748%, 1/29/2026 †x¶#^ | Square | 7/31/2024 | 1576 | 1471 | 117 |
| &nbsp;&nbsp;&nbsp; 8038566721, 14.800%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 12704 | 13212 | 7073 |
| &nbsp;&nbsp;&nbsp; 8039237411, 21.725%, 1/31/2024 †x¥#^ | Stripe | 6/08/2022 | 2184 | 2272 | 109 |
| &nbsp;&nbsp;&nbsp; 8041045744, 18.000%, 2/25/2027 †x¥ | Stripe | 9/02/2025 | 10914 | 11351 | 11450 |
| &nbsp;&nbsp;&nbsp; 8041402127, 26.444%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 271 | 281 | 14 |
| &nbsp;&nbsp;&nbsp; 8044722442, 24.848%, 8/22/2026 †x¥ | Stripe | 2/26/2025 | 193 | 201 | 208 |
| &nbsp;&nbsp;&nbsp; 8045019065, 26.529%, 4/03/2025 †x¥#^ | Stripe | 10/10/2023 | 795 | 826 | 40 |
| &nbsp;&nbsp;&nbsp; 8048884747, 18.095%, 2/03/2027 †x¥ | Stripe | 8/08/2025 | 557 | 579 | 589 |
| &nbsp;&nbsp;&nbsp; 8051583474, 17.867%, 4/26/2023 †x¥#^ | Stripe | 10/29/2021 | 1065 | 1108 | 53 |
| &nbsp;&nbsp;&nbsp; 8052901605, 23.590%, 1/09/2024 †x¥#^ | Stripe | 7/14/2022 | 434 | 451 | 22 |
| &nbsp;&nbsp;&nbsp; 8053808729, 17.998%, 3/16/2024 †x¥#^ | Stripe | 9/21/2022 | 12827 | 13340 | 641 |
| &nbsp;&nbsp;&nbsp; 8054276013, 25.867%, 10/29/2026 †x¥ | Stripe | 5/05/2025 | 131 | 136 | 141 |
| &nbsp;&nbsp;&nbsp; 8055650233, 26.127%, 8/11/2026 †x¥# | Stripe | 2/13/2025 | 13100 | 13624 | 655 |
| &nbsp;&nbsp;&nbsp; 8063455750, 26.533%, 10/09/2025 †x¥#^ | Stripe | 4/15/2024 | 18387 | 19123 | 919 |
| &nbsp;&nbsp;&nbsp; 8064349869, 21.999%, 8/19/2026 †x¥# | Stripe | 2/21/2025 | 72545 | 75447 | 3627 |
| &nbsp;&nbsp;&nbsp; 8064708601, 22.242%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 2048 | 2151 | 2155 |
| &nbsp;&nbsp;&nbsp; 8068265128, 16.267%, 12/26/2026 †x¥ | Stripe | 7/02/2025 | 8904 | 9260 | 9389 |
| &nbsp;&nbsp;&nbsp; 8070624138, 18.799%, 7/06/2024 †x¥#^ | Stripe | 11/10/2022 | 17913 | 18630 | 896 |
| &nbsp;&nbsp;&nbsp; 8070654145, 23.190%, 11/11/2025 †x¥#^ | Stripe | 5/16/2024 | 1766 | 1837 | 88 |
| &nbsp;&nbsp;&nbsp; 8074212996, 16.264%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 17770 | 18659 | 18685 |
| &nbsp;&nbsp;&nbsp; 8077259494, 20.529%, 12/25/2024 †x¥#^ | Stripe | 6/30/2023 | 9267 | 9637 | 463 |
| &nbsp;&nbsp;&nbsp; 807953373, 22.264%, 6/10/2025 †x¥#^ | Stripe | 12/14/2023 | 1776 | 1847 | 89 |
| &nbsp;&nbsp;&nbsp; 8080720693, 23.597%, 10/11/2024 †x¥#^ | Stripe | 4/18/2023 | 7748 | 8058 | 387 |
| &nbsp;&nbsp;&nbsp; 8081632040, 26.000%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 3400 | 3570 | 3570 |
| &nbsp;&nbsp;&nbsp; 8089470203, 12.800%, 12/22/2026 †x¥ | Stripe | 6/26/2025 | 7872 | 8187 | 8258 |
| &nbsp;&nbsp;&nbsp; 8095046688, 14.667%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 10406 | 10926 | 10934 |
| &nbsp;&nbsp;&nbsp; 809640241, 20.799%, 12/14/2024 †x¥#^ | Stripe | 6/22/2023 | 1544 | 1606 | 77 |
| &nbsp;&nbsp;&nbsp; 8098717335, 21.333%, 12/14/2024 †x¥#^ | Stripe | 6/22/2023 | 2458 | 2556 | 123 |
| &nbsp;&nbsp;&nbsp; 8101017356, 14.265%, 9/11/2026 †x¥ | Stripe | 3/18/2025 | 8302 | 8634 | 8782 |
| &nbsp;&nbsp;&nbsp; 8105368254, 26.533%, 7/12/2025 †x¥#^ | Stripe | 1/18/2024 | 175 | 182 | 9 |
| &nbsp;&nbsp;&nbsp; 8108601076, 14.930%, 10/31/2026 †x¥ | Stripe | 5/07/2025 | 3954 | 4113 | 4159 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6211** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8110358433, 20.667%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | $22381 | $23276 | $1119 |
| &nbsp;&nbsp;&nbsp; 8110594842, 18.393%, 5/06/2024 †x¥#^ | Stripe | 9/12/2022 | 4008 | 4169 | 200 |
| &nbsp;&nbsp;&nbsp; 8113787599, 25.598%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 5446 | 5663 | 5763 |
| &nbsp;&nbsp;&nbsp; 8113802786, 20.400%, 1/27/2027 †x¥ | Stripe | 8/01/2025 | 47835 | 49748 | 50389 |
| &nbsp;&nbsp;&nbsp; 8113818199, 25.333%, 5/21/2024 †x¥#^ | Stripe | 11/25/2022 | 38340 | 39873 | 1917 |
| &nbsp;&nbsp;&nbsp; 8117571132, 16.265%, 9/02/2023 †x¥#^ | Stripe | 1/06/2022 | 2054 | 2136 | 103 |
| &nbsp;&nbsp;&nbsp; 8118290479, 19.197%, 1/30/2024 †x¥#^ | Stripe | 11/12/2021 | 14727 | 15316 | 736 |
| &nbsp;&nbsp;&nbsp; 8123634071, 19.592%, 6/06/2024 †x¥#^ | Stripe | 12/12/2022 | 2566 | 2669 | 128 |
| &nbsp;&nbsp;&nbsp; 8123753430, 21.731%, 3/25/2025 †x¥#^ | Stripe | 9/28/2023 | 4422 | 4599 | 221 |
| &nbsp;&nbsp;&nbsp; 8127923040, 20.933%, 8/30/2024 †x¥#^ | Stripe | 3/07/2023 | 11230 | 11679 | 562 |
| &nbsp;&nbsp;&nbsp; 8133567486, 24.793%, 12/02/2025 †x¥#^ | Stripe | 6/06/2024 | 4660 | 4846 | 233 |
| &nbsp;&nbsp;&nbsp; 8133976970, 16.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 6933 | 7280 | 7280 |
| &nbsp;&nbsp;&nbsp; 813488133, 26.133%, 8/25/2026 †x¥# | Stripe | 2/27/2025 | 3093 | 3217 | 155 |
| &nbsp;&nbsp;&nbsp; 8135031, 6.667%, 2/28/2026 †x¶#^ | Square | 9/03/2024 | 2084 | 1895 | 154 |
| &nbsp;&nbsp;&nbsp; 8135109, 6.436%, 2/28/2026 †x¶#^ | Square | 9/03/2024 | 912 | 831 | 67 |
| &nbsp;&nbsp;&nbsp; 8135828611, 21.995%, 5/13/2026 †x¥ | Stripe | 11/15/2024 | 2362 | 2457 | 2521 |
| &nbsp;&nbsp;&nbsp; 8136154, 5.408%, 2/28/2026 †x¶#^ | Square | 9/03/2024 | 2777 | 2569 | 1325 |
| &nbsp;&nbsp;&nbsp; 8136399, 5.113%, 2/28/2026 †x¶#^ | Square | 9/03/2024 | 18140 | 16848 | 1342 |
| &nbsp;&nbsp;&nbsp; 8137227, 6.139%, 2/28/2026 †x¶^ | Square | 9/03/2024 | 44 | 41 | 24 |
| &nbsp;&nbsp;&nbsp; 8137281, 6.483%, 2/28/2026 †x¶^ | Square | 9/03/2024 | 1432 | 1305 | 709 |
| &nbsp;&nbsp;&nbsp; 8137672, 5.110%, 2/28/2026 †x¶^ | Square | 9/03/2024 | 1225 | 1137 | 861 |
| &nbsp;&nbsp;&nbsp; 8137692, 5.346%, 2/28/2026 †x¶^ | Square | 9/03/2024 | 671 | 621 | 395 |
| &nbsp;&nbsp;&nbsp; 8137831069, 22.381%, 3/06/2026 †x¥# | Stripe | 9/10/2024 | 1040 | 1081 | 417 |
| &nbsp;&nbsp;&nbsp; 8138040, 4.952%, 2/28/2026 †x¶#^ | Square | 9/03/2024 | 1669 | 1558 | 612 |
| &nbsp;&nbsp;&nbsp; 8138132, 6.337%, 2/28/2026 †x¶#^ | Square | 9/03/2024 | 952 | 869 | 412 |
| &nbsp;&nbsp;&nbsp; 8138134, 5.119%, 2/28/2026 †x¶#^ | Square | 9/03/2024 | 3463 | 3216 | 256 |
| &nbsp;&nbsp;&nbsp; 8138765, 4.782%, 2/28/2026 †x¶^ | Square | 9/03/2024 | 2245 | 2095 | 1633 |
| &nbsp;&nbsp;&nbsp; 8139086442, 21.412%, 10/03/2025 †x¥#^ | Stripe | 7/28/2023 | 110 | 115 | 6 |
| &nbsp;&nbsp;&nbsp; 8139367, 4.748%, 2/28/2026 †x¶^ | Square | 9/04/2024 | 1106 | 1033 | 498 |
| &nbsp;&nbsp;&nbsp; 8139756, 4.962%, 2/28/2026 †x¶^ | Square | 9/04/2024 | 221 | 206 | 143 |
| &nbsp;&nbsp;&nbsp; 8139820958, 25.867%, 7/15/2026 †x¥# | Stripe | 1/17/2025 | 384 | 399 | 73 |
| &nbsp;&nbsp;&nbsp; 8140577708, 18.265%, 12/14/2025 †x¥#^ | Stripe | 9/26/2023 | 14738 | 15327 | 737 |
| &nbsp;&nbsp;&nbsp; 8141681, 6.332%, 2/28/2026 †x¶#^ | Square | 9/04/2024 | 3923 | 3583 | 290 |
| &nbsp;&nbsp;&nbsp; 8142571, 4.967%, 2/28/2026 †x¶#^ | Square | 9/05/2024 | 1089 | 1013 | 81 |
| &nbsp;&nbsp;&nbsp; 8142600, 6.421%, 2/28/2026 †x¶#^ | Square | 9/05/2024 | 386 | 353 | 29 |
| &nbsp;&nbsp;&nbsp; 8142734, 6.324%, 2/28/2026 †x¶#^ | Square | 9/05/2024 | 824 | 752 | 302 |
| &nbsp;&nbsp;&nbsp; 8143992, 5.669%, 3/01/2026 †§x¶ | Square | 9/05/2024 | 34 | 32 | 24 |
| &nbsp;&nbsp;&nbsp; 8144058, 6.164%, 3/01/2026 †x¶ | Square | 9/05/2024 | 468 | 429 | 325 |
| &nbsp;&nbsp;&nbsp; 8144400, 4.779%, 3/02/2026 †x¶ | Square | 9/05/2024 | 2417 | 2257 | 1474 |
| &nbsp;&nbsp;&nbsp; 8144523, 5.404%, 3/02/2026 †x¶ | Square | 9/05/2024 | 544 | 504 | 382 |
| &nbsp;&nbsp;&nbsp; 8144595, 6.426%, 3/02/2026 †x¶ | Square | 9/05/2024 | 2178 | 1986 | 971 |
| &nbsp;&nbsp;&nbsp; 8144610, 6.681%, 3/02/2026 †x¶# | Square | 9/05/2024 | 1662 | 1510 | 123 |
| &nbsp;&nbsp;&nbsp; 8144860, 6.151%, 3/02/2026 †x¶# | Square | 9/05/2024 | 38587 | 35328 | 2855 |
| &nbsp;&nbsp;&nbsp; 8145051, 6.146%, 3/02/2026 †x¶# | Square | 9/05/2024 | 2790 | 2555 | 1703 |
| &nbsp;&nbsp;&nbsp; 8145256, 5.663%, 3/02/2026 †x¶ | Square | 9/05/2024 | 6762 | 6233 | 3004 |
| &nbsp;&nbsp;&nbsp; 8145414, 6.330%, 3/02/2026 †x¶# | Square | 9/05/2024 | 2719 | 2483 | 201 |
| &nbsp;&nbsp;&nbsp; 8145477, 6.441%, 3/02/2026 †x¶# | Square | 9/05/2024 | 974 | 889 | 419 |
| &nbsp;&nbsp;&nbsp; 8145752, 6.546%, 3/03/2026 †x¶# | Square | 9/05/2024 | 592 | 539 | 44 |
| &nbsp;&nbsp;&nbsp; 8147197, 5.912%, 3/03/2026 †x¶ | Square | 9/05/2024 | 15707 | 14428 | 7470 |
| &nbsp;&nbsp;&nbsp; 8147329, 6.151%, 3/03/2026 †x¶# | Square | 9/05/2024 | 1205 | 1103 | 734 |
| &nbsp;&nbsp;&nbsp; 8148512, 5.660%, 3/03/2026 †x¶ | Square | 9/05/2024 | 8431 | 7771 | 4860 |
| &nbsp;&nbsp;&nbsp; 8148811, 4.782%, 3/03/2026 †x¶ | Square | 9/05/2024 | 1318 | 1229 | 996 |
| &nbsp;&nbsp;&nbsp; 8149289, 4.782%, 3/03/2026 †x¶ | Square | 9/05/2024 | 3143 | 2933 | 2339 |
| &nbsp;&nbsp;&nbsp; 8149922696, 19.593%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 7849 | 8241 | 8244 |
| &nbsp;&nbsp;&nbsp; 8150675, 4.785%, 3/04/2026 †x¶ | Square | 9/06/2024 | 581 | 542 | 365 |
| &nbsp;&nbsp;&nbsp; 8151873, 6.675%, 3/04/2026 †x¶# | Square | 9/06/2024 | 14518 | 13196 | 1074 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6212** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8152073, 6.419%, 3/04/2026 †x¶# | Square | 9/06/2024 | $6889 | $6284 | $510 |
| &nbsp;&nbsp;&nbsp; 8152177141, 20.000%, 4/05/2024 †x¥#^ | Stripe | 10/12/2022 | 1725 | 1794 | 86 |
| &nbsp;&nbsp;&nbsp; 8152272587, 18.925%, 9/04/2024 †x¥#^ | Stripe | 3/10/2023 | 4515 | 4696 | 226 |
| &nbsp;&nbsp;&nbsp; 8152585, 5.115%, 3/04/2026 †x¶# | Square | 9/06/2024 | 10102 | 9382 | 6469 |
| &nbsp;&nbsp;&nbsp; 8152824, 4.783%, 3/04/2026 †§x¶ | Square | 9/06/2024 | 897 | 837 | 636 |
| &nbsp;&nbsp;&nbsp; 8152974, 6.320%, 3/04/2026 †x¶# | Square | 9/06/2024 | 3158 | 2888 | 1129 |
| &nbsp;&nbsp;&nbsp; 8155077783, 26.118%, 5/19/2026 †x¥# | Stripe | 11/21/2024 | 474 | 493 | 24 |
| &nbsp;&nbsp;&nbsp; 8155112, 5.114%, 3/05/2026 †x¶# | Square | 9/09/2024 | 1895 | 1783 | 140 |
| &nbsp;&nbsp;&nbsp; 8155176, 5.098%, 3/05/2026 †x¶# | Square | 9/09/2024 | 228 | 212 | 147 |
| &nbsp;&nbsp;&nbsp; 8155728, 4.952%, 3/05/2026 †x¶# | Square | 9/09/2024 | 4588 | 4414 | 340 |
| &nbsp;&nbsp;&nbsp; 8156748998, 20.387%, 12/15/2026 †x¥ | Stripe | 6/20/2025 | 1070 | 1113 | 1131 |
| &nbsp;&nbsp;&nbsp; 8157933594, 22.000%, 7/19/2024 †x¥#^ | Stripe | 1/24/2023 | 2155 | 2242 | 108 |
| &nbsp;&nbsp;&nbsp; 8158494, 5.909%, 3/05/2026 †x¶ | Square | 9/09/2024 | 569 | 522 | 352 |
| &nbsp;&nbsp;&nbsp; 8159323, 5.412%, 3/06/2026 †x¶# | Square | 9/10/2024 | 1432 | 1324 | 106 |
| &nbsp;&nbsp;&nbsp; 8160009, 5.407%, 3/06/2026 †x¶# | Square | 9/10/2024 | 1463 | 1354 | 108 |
| &nbsp;&nbsp;&nbsp; 8160033637, 26.098%, 6/02/2026 †x¥ | Stripe | 12/05/2024 | 108 | 112 | 116 |
| &nbsp;&nbsp;&nbsp; 8161011851, 20.800%, 11/29/2024 †x¥#^ | Stripe | 6/06/2023 | 29254 | 30425 | 1463 |
| &nbsp;&nbsp;&nbsp; 8161195, 6.159%, 3/06/2026 †x¶ | Square | 9/10/2024 | 589 | 540 | 416 |
| &nbsp;&nbsp;&nbsp; 8161615, 6.675%, 3/06/2026 †x¶# | Square | 9/10/2024 | 3633 | 3302 | 1056 |
| &nbsp;&nbsp;&nbsp; 8162310, 4.784%, 3/07/2026 †§x¶ | Square | 9/11/2024 | 66 | 62 | 56 |
| &nbsp;&nbsp;&nbsp; 8162586, 5.660%, 3/07/2026 †x¶ | Square | 9/11/2024 | 1084 | 999 | 726 |
| &nbsp;&nbsp;&nbsp; 8162760, 5.114%, 3/07/2026 †x¶# | Square | 9/11/2024 | 4636 | 4308 | 343 |
| &nbsp;&nbsp;&nbsp; 8163373, 6.421%, 3/08/2026 †x¶# | Square | 9/11/2024 | 32630 | 29764 | 2415 |
| &nbsp;&nbsp;&nbsp; 8163662, 4.780%, 3/08/2026 †§x¶ | Square | 9/11/2024 | 803 | 750 | 539 |
| &nbsp;&nbsp;&nbsp; 8163858, 5.660%, 3/08/2026 †x¶# | Square | 9/11/2024 | 15027 | 13851 | 1112 |
| &nbsp;&nbsp;&nbsp; 8163951, 6.673%, 3/08/2026 †x¶ | Square | 9/11/2024 | 2245 | 2041 | 1037 |
| &nbsp;&nbsp;&nbsp; 8164329, 6.674%, 3/09/2026 †x¶ | Square | 9/11/2024 | 1486 | 1350 | 772 |
| &nbsp;&nbsp;&nbsp; 8164376, 5.407%, 3/09/2026 †x¶ | Square | 9/11/2024 | 923 | 853 | 535 |
| &nbsp;&nbsp;&nbsp; 8165317, 5.417%, 3/09/2026 †x¶# | Square | 9/11/2024 | 1662 | 1537 | 123 |
| &nbsp;&nbsp;&nbsp; 8165723265, 18.927%, 7/14/2026 †x¥# | Stripe | 1/16/2025 | 16759 | 17429 | 838 |
| &nbsp;&nbsp;&nbsp; 8165974, 5.631%, 3/09/2026 †§x¶ | Square | 9/11/2024 | 507 | 467 | 216 |
| &nbsp;&nbsp;&nbsp; 8166088, 4.956%, 3/09/2026 †x¶# | Square | 9/11/2024 | 3190 | 2969 | 236 |
| &nbsp;&nbsp;&nbsp; 8167649, 4.780%, 3/09/2026 †x¶# | Square | 9/11/2024 | 11118 | 10374 | 823 |
| &nbsp;&nbsp;&nbsp; 8167798, 6.155%, 3/10/2026 †x¶# | Square | 9/12/2024 | 2753 | 2520 | 204 |
| &nbsp;&nbsp;&nbsp; 8168734, 6.479%, 3/10/2026 †x¶# | Square | 9/12/2024 | 5862 | 5343 | 434 |
| &nbsp;&nbsp;&nbsp; 8169500, 6.417%, 3/10/2026 †x¶ | Square | 9/12/2024 | 1577 | 1439 | 999 |
| &nbsp;&nbsp;&nbsp; 8169520, 4.779%, 3/10/2026 †x¶ | Square | 9/12/2024 | 4215 | 3933 | 2948 |
| &nbsp;&nbsp;&nbsp; 8169565, 4.782%, 3/10/2026 †x¶ | Square | 9/12/2024 | 3812 | 3557 | 2594 |
| &nbsp;&nbsp;&nbsp; 8171114, 6.154%, 3/10/2026 †x¶ | Square | 9/12/2024 | 2590 | 2371 | 1781 |
| &nbsp;&nbsp;&nbsp; 8171235, 5.663%, 3/10/2026 †§x¶ | Square | 9/12/2024 | 453 | 417 | 330 |
| &nbsp;&nbsp;&nbsp; 8171360, 5.115%, 3/10/2026 †x¶# | Square | 9/12/2024 | 3447 | 3201 | 2204 |
| &nbsp;&nbsp;&nbsp; 8171562, 5.647%, 3/11/2026 †x¶# | Square | 9/13/2024 | 2550 | 2351 | 189 |
| &nbsp;&nbsp;&nbsp; 8171825, 6.155%, 3/11/2026 †x¶# | Square | 9/13/2024 | 2486 | 2276 | 184 |
| &nbsp;&nbsp;&nbsp; 8172157, 6.307%, 3/11/2026 †x¶# | Square | 9/13/2024 | 511 | 467 | 38 |
| &nbsp;&nbsp;&nbsp; 8172645, 5.660%, 3/11/2026 †§x¶ | Square | 9/13/2024 | 158 | 146 | 103 |
| &nbsp;&nbsp;&nbsp; 8172648, 6.541%, 3/11/2026 †x¶# | Square | 9/13/2024 | 498 | 454 | 37 |
| &nbsp;&nbsp;&nbsp; 8173280, 6.317%, 3/11/2026 †x¶ | Square | 9/13/2024 | 743 | 679 | 421 |
| &nbsp;&nbsp;&nbsp; 8173777398, 18.800%, 10/03/2026 †x¥ | Stripe | 4/09/2025 | 51217 | 53265 | 28640 |
| &nbsp;&nbsp;&nbsp; 8174209, 6.671%, 3/11/2026 †x¶ | Square | 9/13/2024 | 8151 | 7410 | 4495 |
| &nbsp;&nbsp;&nbsp; 8174272, 6.328%, 3/11/2026 †x¶# | Square | 9/13/2024 | 8594 | 8081 | 636 |
| &nbsp;&nbsp;&nbsp; 8174315, 5.643%, 3/11/2026 †x¶ | Square | 9/13/2024 | 936 | 867 | 441 |
| &nbsp;&nbsp;&nbsp; 8177145471, 19.331%, 12/28/2025 †x¥#^ | Stripe | 10/26/2023 | 151 | 157 | 8 |
| &nbsp;&nbsp;&nbsp; 8179300, 6.148%, 3/12/2026 †x¶# | Square | 9/16/2024 | 497 | 455 | 308 |
| &nbsp;&nbsp;&nbsp; 8179308410, 18.527%, 4/17/2025 †x¥#^ | Stripe | 10/23/2023 | 8409 | 8745 | 420 |
| &nbsp;&nbsp;&nbsp; 8179322, 6.156%, 3/12/2026 †x¶# | Square | 9/16/2024 | 3062 | 2803 | 227 |
| &nbsp;&nbsp;&nbsp; 8179879, 6.669%, 3/12/2026 †x¶# | Square | 9/16/2024 | 2698 | 2453 | 200 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6213** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8180097, 6.669%, 3/12/2026 †x¶ | Square | 9/16/2024 | $1612 | $1466 | $976 |
| &nbsp;&nbsp;&nbsp; 8180912, 6.669%, 3/13/2026 †x¶# | Square | 9/17/2024 | 4920 | 4472 | 1946 |
| &nbsp;&nbsp;&nbsp; 8181605, 5.643%, 3/13/2026 †x¶# | Square | 9/17/2024 | 853 | 787 | 401 |
| &nbsp;&nbsp;&nbsp; 8182071932, 22.000%, 2/11/2023 †x¥#^ | Stripe | 8/18/2021 | 556 | 578 | 28 |
| &nbsp;&nbsp;&nbsp; 8182524, 5.623%, 3/13/2026 †x¶ | Square | 9/17/2024 | 658 | 607 | 395 |
| &nbsp;&nbsp;&nbsp; 8182599, 6.421%, 3/13/2026 †x¶# | Square | 9/17/2024 | 13073 | 11924 | 967 |
| &nbsp;&nbsp;&nbsp; 8182917, 5.337%, 3/13/2026 †x¶ | Square | 9/17/2024 | 369 | 342 | 286 |
| &nbsp;&nbsp;&nbsp; 8183239504, 26.125%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 1883 | 1959 | 94 |
| &nbsp;&nbsp;&nbsp; 8183299405, 24.000%, 12/18/2023 †x¥#^ | Stripe | 10/07/2021 | 1566 | 1628 | 78 |
| &nbsp;&nbsp;&nbsp; 8183774, 4.953%, 3/13/2026 †x¶# | Square | 9/17/2024 | 526 | 490 | 39 |
| &nbsp;&nbsp;&nbsp; 8184255, 5.666%, 3/14/2026 †§x¶ | Square | 9/18/2024 | 335 | 308 | 247 |
| &nbsp;&nbsp;&nbsp; 8184375, 6.151%, 3/14/2026 †x¶# | Square | 9/18/2024 | 9739 | 8916 | 3887 |
| &nbsp;&nbsp;&nbsp; 8185094, 6.675%, 3/14/2026 †x¶# | Square | 9/18/2024 | 1994 | 1813 | 148 |
| &nbsp;&nbsp;&nbsp; 8185265, 4.783%, 3/15/2026 †x¶ | Square | 9/18/2024 | 1199 | 1119 | 835 |
| &nbsp;&nbsp;&nbsp; 8185382, 6.328%, 3/15/2026 †x¶# | Square | 9/18/2024 | 7227 | 6600 | 2517 |
| &nbsp;&nbsp;&nbsp; 8185500, 6.673%, 3/15/2026 †x¶# | Square | 9/18/2024 | 734 | 667 | 287 |
| &nbsp;&nbsp;&nbsp; 8185502, 5.408%, 3/15/2026 †x¶# | Square | 9/18/2024 | 4227 | 3910 | 313 |
| &nbsp;&nbsp;&nbsp; 8185543, 5.112%, 3/15/2026 †x¶ | Square | 9/18/2024 | 2444 | 2270 | 1787 |
| &nbsp;&nbsp;&nbsp; 8185927, 6.316%, 3/15/2026 †x¶# | Square | 9/18/2024 | 2366 | 2162 | 175 |
| &nbsp;&nbsp;&nbsp; 8186281, 5.922%, 3/16/2026 †x¶ | Square | 9/18/2024 | 572 | 525 | 358 |
| &nbsp;&nbsp;&nbsp; 8186575, 5.638%, 3/16/2026 †x¶# | Square | 9/18/2024 | 835 | 770 | 62 |
| &nbsp;&nbsp;&nbsp; 8186854, 6.154%, 3/16/2026 †x¶ | Square | 9/18/2024 | 3624 | 3318 | 1413 |
| &nbsp;&nbsp;&nbsp; 8187175, 6.132%, 3/16/2026 †x¶ | Square | 9/18/2024 | 450 | 412 | 288 |
| &nbsp;&nbsp;&nbsp; 8187176, 6.331%, 3/16/2026 †x¶ | Square | 9/18/2024 | 2857 | 2609 | 1290 |
| &nbsp;&nbsp;&nbsp; 8187299, 5.127%, 3/16/2026 †x¶# | Square | 9/18/2024 | 161 | 150 | 69 |
| &nbsp;&nbsp;&nbsp; 8187401, 6.545%, 3/16/2026 †x¶ | Square | 9/18/2024 | 2141 | 1950 | 1096 |
| &nbsp;&nbsp;&nbsp; 8187743, 6.419%, 3/16/2026 †x¶ | Square | 9/18/2024 | 650 | 593 | 333 |
| &nbsp;&nbsp;&nbsp; 818806810, 18.398%, 4/19/2024 †x¥#^ | Stripe | 10/25/2022 | 29249 | 30419 | 1462 |
| &nbsp;&nbsp;&nbsp; 8188444585, 14.258%, 9/30/2026 †x¥ | Stripe | 4/04/2025 | 1793 | 1864 | 1894 |
| &nbsp;&nbsp;&nbsp; 8188635, 4.778%, 3/16/2026 †x¶ | Square | 9/18/2024 | 4755 | 4437 | 3645 |
| &nbsp;&nbsp;&nbsp; 8189038, 5.112%, 3/16/2026 †x¶ | Square | 9/18/2024 | 1609 | 1495 | 1139 |
| &nbsp;&nbsp;&nbsp; 8189243, 4.948%, 3/16/2026 †x¶# | Square | 9/18/2024 | 2560 | 2383 | 189 |
| &nbsp;&nbsp;&nbsp; 8189526, 5.407%, 3/16/2026 †x¶ | Square | 9/18/2024 | 1906 | 1763 | 957 |
| &nbsp;&nbsp;&nbsp; 8189610, 6.151%, 3/16/2026 †x¶# | Square | 9/18/2024 | 14665 | 13489 | 7778 |
| &nbsp;&nbsp;&nbsp; 8189912854, 20.392%, 9/30/2023 †x¥#^ | Stripe | 4/06/2022 | 3894 | 4049 | 195 |
| &nbsp;&nbsp;&nbsp; 8190179, 6.175%, 3/17/2026 †x¶# | Square | 9/19/2024 | 982 | 898 | 73 |
| &nbsp;&nbsp;&nbsp; 8190186, 6.429%, 3/17/2026 †x¶# | Square | 9/19/2024 | 1140 | 1040 | 651 |
| &nbsp;&nbsp;&nbsp; 8190350, 5.116%, 3/17/2026 †§x¶ | Square | 9/19/2024 | 532 | 494 | 430 |
| &nbsp;&nbsp;&nbsp; 8190389, 4.780%, 3/17/2026 †x¶ | Square | 9/19/2024 | 445 | 415 | 353 |
| &nbsp;&nbsp;&nbsp; 8190585, 6.327%, 3/17/2026 †x¶# | Square | 9/19/2024 | 6098 | 5570 | 451 |
| &nbsp;&nbsp;&nbsp; 8191241, 5.660%, 3/17/2026 †x¶ | Square | 9/19/2024 | 5694 | 5248 | 2547 |
| &nbsp;&nbsp;&nbsp; 8191275, 6.147%, 3/17/2026 †x¶ | Square | 9/19/2024 | 1183 | 1083 | 631 |
| &nbsp;&nbsp;&nbsp; 8191741, 6.321%, 3/17/2026 †x¶# | Square | 9/19/2024 | 2481 | 2266 | 184 |
| &nbsp;&nbsp;&nbsp; 8192206, 6.671%, 3/17/2026 †x¶ | Square | 9/19/2024 | 4037 | 3670 | 2070 |
| &nbsp;&nbsp;&nbsp; 8192295, 5.113%, 3/17/2026 †§x¶ | Square | 9/19/2024 | 8347 | 7752 | 6841 |
| &nbsp;&nbsp;&nbsp; 8192572, 6.422%, 3/17/2026 †x¶ | Square | 9/19/2024 | 1227 | 1119 | 757 |
| &nbsp;&nbsp;&nbsp; 8193072, 6.326%, 3/17/2026 †§x¶ | Square | 9/19/2024 | 345 | 315 | 218 |
| &nbsp;&nbsp;&nbsp; 8194000, 5.634%, 3/18/2026 †x¶ | Square | 9/20/2024 | 2573 | 2373 | 1267 |
| &nbsp;&nbsp;&nbsp; 8194207, 5.121%, 3/18/2026 †x¶ | Square | 9/20/2024 | 846 | 786 | 658 |
| &nbsp;&nbsp;&nbsp; 8195078, 5.400%, 3/18/2026 †x¶ | Square | 9/20/2024 | 530 | 491 | 302 |
| &nbsp;&nbsp;&nbsp; 8195238, 5.406%, 3/18/2026 †x¶# | Square | 9/20/2024 | 7186 | 6647 | 3178 |
| &nbsp;&nbsp;&nbsp; 8195453, 6.153%, 3/18/2026 †x¶ | Square | 9/20/2024 | 4712 | 4314 | 2466 |
| &nbsp;&nbsp;&nbsp; 8196106, 4.956%, 3/18/2026 †x¶# | Square | 9/20/2024 | 5378 | 5006 | 398 |
| &nbsp;&nbsp;&nbsp; 8196143, 5.911%, 3/18/2026 †§x¶ | Square | 9/20/2024 | 1066 | 979 | 794 |
| &nbsp;&nbsp;&nbsp; 8196269559, 12.780%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 5300 | 5565 | 5565 |
| &nbsp;&nbsp;&nbsp; 8196354, 4.943%, 3/18/2026 †x¶ | Square | 9/20/2024 | 272 | 253 | 132 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6214** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8198437804, 22.248%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | $1648 | $1731 | $1753 |
| &nbsp;&nbsp;&nbsp; 8199317, 6.160%, 3/19/2026 †x¶ | Square | 9/23/2024 | 211 | 193 | 131 |
| &nbsp;&nbsp;&nbsp; 8199538, 4.780%, 3/19/2026 †§x¶ | Square | 9/23/2024 | 218 | 203 | 198 |
| &nbsp;&nbsp;&nbsp; 81c5af05-4362-457b-b2ac-2578c8efa6fc, 10.490%, 9/04/2023 †x#^ | Funding Circle | 9/06/2018 | 13216 | 13386 | 3965 |
| &nbsp;&nbsp;&nbsp; 81e4e3f1-3942-4706-a74f-e1071b8e1919, 10.790%, 11/26/2023 †x#^ | Funding Circle | 11/28/2018 | 56810 | 56810 | 17043 |
| &nbsp;&nbsp;&nbsp; 820028252, 26.533%, 12/06/2025 †x¥#^ | Stripe | 6/12/2024 | 9322 | 9695 | 466 |
| &nbsp;&nbsp;&nbsp; 8201061, 5.916%, 3/19/2026 †x¶ | Square | 9/23/2024 | 1929 | 1772 | 1290 |
| &nbsp;&nbsp;&nbsp; 8201746, 6.426%, 3/19/2026 †x¶# | Square | 9/23/2024 | 700 | 638 | 414 |
| &nbsp;&nbsp;&nbsp; 8201893, 6.541%, 3/19/2026 †x¶# | Square | 9/23/2024 | 387 | 352 | 202 |
| &nbsp;&nbsp;&nbsp; 8202409, 5.911%, 3/19/2026 †x¶# | Square | 9/23/2024 | 19134 | 17575 | 10359 |
| &nbsp;&nbsp;&nbsp; 8203173, 4.778%, 3/20/2026 †x¶ | Square | 9/24/2024 | 884 | 825 | 699 |
| &nbsp;&nbsp;&nbsp; 8204122, 5.647%, 3/20/2026 †x¶# | Square | 9/24/2024 | 1909 | 1760 | 141 |
| &nbsp;&nbsp;&nbsp; 8204318, 4.780%, 3/20/2026 †x¶ | Square | 9/24/2024 | 8324 | 7767 | 6720 |
| &nbsp;&nbsp;&nbsp; 8204510, 6.667%, 3/20/2026 †x¶ | Square | 9/24/2024 | 949 | 863 | 447 |
| &nbsp;&nbsp;&nbsp; 8205097, 6.421%, 3/20/2026 †x¶ | Square | 9/24/2024 | 924 | 843 | 464 |
| &nbsp;&nbsp;&nbsp; 8205124, 5.637%, 3/20/2026 †x¶# | Square | 9/24/2024 | 3636 | 3392 | 269 |
| &nbsp;&nbsp;&nbsp; 8205160, 5.408%, 3/20/2026 †x¶ | Square | 9/24/2024 | 8754 | 8097 | 5686 |
| &nbsp;&nbsp;&nbsp; 8205713, 5.409%, 3/20/2026 †x¶# | Square | 9/24/2024 | 33421 | 30913 | 2473 |
| &nbsp;&nbsp;&nbsp; 8206475, 6.326%, 3/21/2026 †x¶# | Square | 9/25/2024 | 1450 | 1324 | 461 |
| &nbsp;&nbsp;&nbsp; 8206519, 5.914%, 3/21/2026 †x¶# | Square | 9/25/2024 | 8249 | 7577 | 610 |
| &nbsp;&nbsp;&nbsp; 8206639, 4.780%, 3/21/2026 †x¶ | Square | 9/25/2024 | 1270 | 1185 | 821 |
| &nbsp;&nbsp;&nbsp; 8206728, 6.160%, 3/21/2026 †x¶ | Square | 9/25/2024 | 268 | 245 | 177 |
| &nbsp;&nbsp;&nbsp; 8206977, 4.779%, 3/21/2026 †x¶ | Square | 9/25/2024 | 490 | 457 | 384 |
| &nbsp;&nbsp;&nbsp; 8207055, 5.409%, 3/21/2026 †x¶ | Square | 9/25/2024 | 3670 | 3395 | 2492 |
| &nbsp;&nbsp;&nbsp; 8207322, 6.674%, 3/22/2026 †x¶# | Square | 9/25/2024 | 1301 | 1182 | 96 |
| &nbsp;&nbsp;&nbsp; 8207416, 6.674%, 3/22/2026 †x¶# | Square | 9/25/2024 | 1198 | 1089 | 89 |
| &nbsp;&nbsp;&nbsp; 8207428, 6.154%, 3/22/2026 †x¶# | Square | 9/25/2024 | 3944 | 3613 | 292 |
| &nbsp;&nbsp;&nbsp; 8207444, 5.663%, 3/22/2026 †x¶# | Square | 9/25/2024 | 10990 | 10129 | 813 |
| &nbsp;&nbsp;&nbsp; 820801937, 20.000%, 2/15/2024 †x¥#^ | Stripe | 8/22/2022 | 4141 | 4306 | 207 |
| &nbsp;&nbsp;&nbsp; 8209894, 5.415%, 3/23/2026 †x¶ | Square | 9/25/2024 | 1298 | 1201 | 851 |
| &nbsp;&nbsp;&nbsp; 8210348, 5.409%, 3/23/2026 †x¶# | Square | 9/25/2024 | 4219 | 3903 | 312 |
| &nbsp;&nbsp;&nbsp; 8211139, 6.162%, 3/23/2026 †x¶# | Square | 9/25/2024 | 2357 | 2158 | 174 |
| &nbsp;&nbsp;&nbsp; 8211418, 5.667%, 3/23/2026 †x¶# | Square | 9/25/2024 | 4138 | 3816 | 306 |
| &nbsp;&nbsp;&nbsp; 8212188, 5.126%, 3/24/2026 †§x¶ | Square | 9/26/2024 | 125 | 116 | 108 |
| &nbsp;&nbsp;&nbsp; 8212203, 6.322%, 3/24/2026 †x¶# | Square | 9/26/2024 | 920 | 840 | 68 |
| &nbsp;&nbsp;&nbsp; 8212903982, 26.125%, 6/11/2026 †x¥ | Stripe | 12/16/2024 | 82 | 85 | 91 |
| &nbsp;&nbsp;&nbsp; 8213387, 5.905%, 3/24/2026 †x¶# | Square | 9/26/2024 | 219 | 201 | 165 |
| &nbsp;&nbsp;&nbsp; 8213595, 5.409%, 3/24/2026 †x¶# | Square | 9/26/2024 | 7368 | 6815 | 545 |
| &nbsp;&nbsp;&nbsp; 8213721, 6.546%, 3/24/2026 †x¶# | Square | 9/26/2024 | 14853 | 13618 | 1099 |
| &nbsp;&nbsp;&nbsp; 8214055, 6.518%, 3/24/2026 †x¶ | Square | 9/26/2024 | 393 | 358 | 205 |
| &nbsp;&nbsp;&nbsp; 8214385, 5.912%, 3/24/2026 †x¶# | Square | 9/26/2024 | 3366 | 3092 | 249 |
| &nbsp;&nbsp;&nbsp; 8215700, 6.150%, 3/25/2026 †x¶# | Square | 9/27/2024 | 10532 | 9642 | 779 |
| &nbsp;&nbsp;&nbsp; 8216397, 5.660%, 3/25/2026 †x¶# | Square | 9/27/2024 | 5101 | 4702 | 1941 |
| &nbsp;&nbsp;&nbsp; 8216797, 5.116%, 3/25/2026 †§x¶ | Square | 9/27/2024 | 45 | 41 | 40 |
| &nbsp;&nbsp;&nbsp; 8217171, 6.317%, 3/25/2026 †x¶ | Square | 9/27/2024 | 1534 | 1402 | 879 |
| &nbsp;&nbsp;&nbsp; 8218223, 6.331%, 3/25/2026 †x¶# | Square | 9/27/2024 | 1393 | 1272 | 103 |
| &nbsp;&nbsp;&nbsp; 8220683, 4.952%, 3/26/2026 †x¶# | Square | 9/30/2024 | 1909 | 1798 | 141 |
| &nbsp;&nbsp;&nbsp; 8220834, 5.113%, 3/26/2026 †x¶# | Square | 9/30/2024 | 2439 | 2268 | 180 |
| &nbsp;&nbsp;&nbsp; 8221589, 4.775%, 3/26/2026 †§x¶ | Square | 9/30/2024 | 183 | 171 | 168 |
| &nbsp;&nbsp;&nbsp; 8222928, 6.328%, 3/26/2026 †x¶# | Square | 9/30/2024 | 17728 | 16191 | 1312 |
| &nbsp;&nbsp;&nbsp; 8225744695, 21.333%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 26 | 27 | 1 |
| &nbsp;&nbsp;&nbsp; 8230510997, 20.655%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 321 | 334 | 16 |
| &nbsp;&nbsp;&nbsp; 82318005, 13.067%, 4/30/2026 †x¥ | Stripe | 11/04/2024 | 1149 | 1195 | 1212 |
| &nbsp;&nbsp;&nbsp; 8231813691, 14.397%, 7/06/2024 †x¥#^ | Stripe | 1/11/2023 | 22631 | 23536 | 1132 |
| &nbsp;&nbsp;&nbsp; 8235882504, 20.648%, 12/23/2024 †x¥#^ | Stripe | 12/16/2022 | 454 | 472 | 23 |
| &nbsp;&nbsp;&nbsp; 8237289056, 19.329%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 15189 | 15949 | 15969 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6215** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8239201761, 26.133%, 6/02/2026 †x¥# | Stripe | 12/05/2024 | $10979 | $11418 | $549 |
| &nbsp;&nbsp;&nbsp; 8239753219, 20.793%, 8/08/2026 †x¥ | Stripe | 2/12/2025 | 1233 | 1283 | 1310 |
| &nbsp;&nbsp;&nbsp; 8245063159, 14.667%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 1298 | 1363 | 1366 |
| &nbsp;&nbsp;&nbsp; 8248036796, 14.667%, 11/01/2023 †x¥#^ | Stripe | 5/06/2022 | 21588 | 22451 | 1079 |
| &nbsp;&nbsp;&nbsp; 8249436591, 24.133%, 4/12/2025 †x¥#^ | Stripe | 10/18/2023 | 3993 | 4153 | 200 |
| &nbsp;&nbsp;&nbsp; 8251369837, 20.000%, 6/02/2026 †x¥# | Stripe | 12/05/2024 | 5946 | 6183 | 297 |
| &nbsp;&nbsp;&nbsp; 8259659786, 17.867%, 8/04/2026 †x¥ | Stripe | 2/06/2025 | 2127 | 2212 | 2244 |
| &nbsp;&nbsp;&nbsp; 8259812929, 24.000%, 8/18/2023 †x¥#^ | Stripe | 2/23/2022 | 59 | 61 | 3 |
| &nbsp;&nbsp;&nbsp; 8260064431, 22.533%, 9/12/2024 †x¥#^ | Stripe | 3/20/2023 | 2576 | 2680 | 129 |
| &nbsp;&nbsp;&nbsp; 8261807755, 25.583%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 1585 | 1664 | 1664 |
| &nbsp;&nbsp;&nbsp; 826183687, 20.000%, 7/10/2026 †x¥ | Stripe | 1/14/2025 | 326 | 339 | 347 |
| &nbsp;&nbsp;&nbsp; 8263732508, 26.235%, 10/16/2026 †x¥# | Stripe | 8/21/2024 | 706 | 734 | 135 |
| &nbsp;&nbsp;&nbsp; 8264385493, 26.533%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 1279 | 1330 | 749 |
| &nbsp;&nbsp;&nbsp; 827302427, 24.000%, 1/22/2024 †x¥#^ | Stripe | 5/31/2022 | 654 | 680 | 33 |
| &nbsp;&nbsp;&nbsp; 8273512712, 17.200%, 2/29/2024 †x¥#^ | Stripe | 9/06/2022 | 122005 | 126885 | 6100 |
| &nbsp;&nbsp;&nbsp; 8274928562, 20.267%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 3885 | 4040 | 194 |
| &nbsp;&nbsp;&nbsp; 8276196163, 25.833%, 9/12/2026 †x¥# | Stripe | 3/19/2025 | 1449 | 1507 | 72 |
| &nbsp;&nbsp;&nbsp; 8276468087, 26.130%, 5/23/2026 †x¥ | Stripe | 11/27/2024 | 210 | 219 | 229 |
| &nbsp;&nbsp;&nbsp; 8286397626, 26.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 10077 | 10580 | 10584 |
| &nbsp;&nbsp;&nbsp; 828668610, 26.000%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 970 | 1019 | 1019 |
| &nbsp;&nbsp;&nbsp; 8287780902, 26.521%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 5292 | 5504 | 5572 |
| &nbsp;&nbsp;&nbsp; 829162840, 19.860%, 3/20/2024 †x¥#^ | Stripe | 9/23/2022 | 16266 | 16917 | 813 |
| &nbsp;&nbsp;&nbsp; 8291855292, 26.532%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 15358 | 15972 | 16270 |
| &nbsp;&nbsp;&nbsp; 8292363638, 23.331%, 10/03/2025 †x¥#^ | Stripe | 4/09/2024 | 10234 | 10643 | 512 |
| &nbsp;&nbsp;&nbsp; 8299229873, 20.400%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 867 | 910 | 913 |
| &nbsp;&nbsp;&nbsp; 8299823086, 18.921%, 8/13/2026 †x¥# | Stripe | 2/18/2025 | 1167 | 1213 | 215 |
| &nbsp;&nbsp;&nbsp; 8301375960, 20.800%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 446 | 464 | 475 |
| &nbsp;&nbsp;&nbsp; 8301541014, 19.467%, 8/05/2024 †x¥#^ | Stripe | 5/26/2022 | 9784 | 10175 | 489 |
| &nbsp;&nbsp;&nbsp; 830420336, 26.521%, 8/23/2025 †x¥#^ | Stripe | 2/28/2024 | 823 | 856 | 41 |
| &nbsp;&nbsp;&nbsp; 8304730712, 24.926%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 12519 | 13144 | 13175 |
| &nbsp;&nbsp;&nbsp; 8306589, 5.660%, 4/22/2026 †x¶ | Square | 10/24/2024 | 16781 | 15468 | 13563 |
| &nbsp;&nbsp;&nbsp; 8307715530, 26.526%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 7302 | 7594 | 7691 |
| &nbsp;&nbsp;&nbsp; 8308160398, 23.190%, 11/22/2024 †x¥#^ | Stripe | 9/26/2022 | 4439 | 4616 | 222 |
| &nbsp;&nbsp;&nbsp; 8308820666, 19.733%, 2/03/2026 †x¥#^ | Stripe | 8/08/2024 | 622 | 647 | 31 |
| &nbsp;&nbsp;&nbsp; 8312683568, 22.795%, 12/28/2023 †x¥#^ | Stripe | 7/05/2022 | 9117 | 9482 | 456 |
| &nbsp;&nbsp;&nbsp; 8312780000, 20.120%, 2/17/2026 †x¥#^ | Stripe | 8/22/2024 | 3883 | 4038 | 194 |
| &nbsp;&nbsp;&nbsp; 8313336156, 20.793%, 8/01/2026 †x¥ | Stripe | 2/05/2025 | 1018 | 1059 | 579 |
| &nbsp;&nbsp;&nbsp; 8318530, 4.780%, 4/25/2026 †x¶ | Square | 10/29/2024 | 27765 | 25907 | 24688 |
| &nbsp;&nbsp;&nbsp; 8318898862, 16.253%, 3/26/2027 †x¥ | Stripe | 9/30/2025 | 3550 | 3692 | 3720 |
| &nbsp;&nbsp;&nbsp; 832122445, 15.200%, 1/30/2027 †x¥ | Stripe | 8/06/2025 | 5175 | 5382 | 5521 |
| &nbsp;&nbsp;&nbsp; 832181, 6.349%, 3/06/2019 †x¶#^ | Square | 9/08/2017 | 4420 | 4036 | 327 |
| &nbsp;&nbsp;&nbsp; 832238974, 26.531%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 40816 | 42857 | 42862 |
| &nbsp;&nbsp;&nbsp; 8322901994, 25.589%, 7/22/2025 †x¥#^ | Stripe | 1/25/2024 | 3690 | 3838 | 185 |
| &nbsp;&nbsp;&nbsp; 832454888, 16.257%, 1/01/2027 †x¥ | Stripe | 7/09/2025 | 5359 | 5573 | 5629 |
| &nbsp;&nbsp;&nbsp; 8326718476, 26.126%, 9/12/2026 †x¥# | Stripe | 3/19/2025 | 3833 | 3987 | 1531 |
| &nbsp;&nbsp;&nbsp; 8327709232, 26.507%, 3/05/2026 †x¥# | Stripe | 9/09/2024 | 1970 | 2049 | 98 |
| &nbsp;&nbsp;&nbsp; 8327744635, 20.927%, 7/08/2026 †x¥# | Stripe | 1/10/2025 | 5467 | 5685 | 1029 |
| &nbsp;&nbsp;&nbsp; 8329302956, 20.644%, 8/21/2024 †x¥#^ | Stripe | 2/24/2023 | 949 | 987 | 47 |
| &nbsp;&nbsp;&nbsp; 833000940, 20.800%, 9/02/2026 †x¥# | Stripe | 3/07/2025 | 7619 | 7924 | 1420 |
| &nbsp;&nbsp;&nbsp; 8331302, 4.780%, 4/30/2026 †x¶ | Square | 11/01/2024 | 4893 | 4566 | 4282 |
| &nbsp;&nbsp;&nbsp; 8332067, 5.924%, 4/30/2026 †x¶ | Square | 11/01/2024 | 169 | 155 | 136 |
| &nbsp;&nbsp;&nbsp; 8334172, 4.778%, 4/30/2026 †x¶ | Square | 11/01/2024 | 2074 | 1936 | 1896 |
| &nbsp;&nbsp;&nbsp; 8336837, 6.327%, 4/30/2026 †x¶# | Square | 11/04/2024 | 4788 | 4373 | 354 |
| &nbsp;&nbsp;&nbsp; 8337176, 4.785%, 4/30/2026 †x¶ | Square | 11/04/2024 | 2257 | 2107 | 1736 |
| &nbsp;&nbsp;&nbsp; 8337865, 6.683%, 4/30/2026 †x¶# | Square | 11/04/2024 | 3004 | 2730 | 222 |
| &nbsp;&nbsp;&nbsp; 8338485044, 26.533%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 10498 | 10918 | 525 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6216** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8338711, 4.780%, 4/30/2026 †x¶ | Square | 11/04/2024 | $2810 | $2622 | $2365 |
| &nbsp;&nbsp;&nbsp; 8338810, 6.289%, 4/30/2026 †x¶ | Square | 11/04/2024 | 97 | 89 | 44 |
| &nbsp;&nbsp;&nbsp; 8340017, 6.339%, 4/30/2026 †x¶# | Square | 11/04/2024 | 73 | 67 | 35 |
| &nbsp;&nbsp;&nbsp; 8340424, 6.672%, 4/30/2026 †x¶ | Square | 11/04/2024 | 1113 | 1012 | 826 |
| &nbsp;&nbsp;&nbsp; 8341005026, 26.507%, 1/21/2025 †x¥#^ | Stripe | 7/27/2023 | 1015 | 1055 | 51 |
| &nbsp;&nbsp;&nbsp; 8341465709, 21.733%, 10/21/2023 †x¥#^ | Stripe | 4/27/2022 | 756 | 786 | 38 |
| &nbsp;&nbsp;&nbsp; 8342091, 5.111%, 5/01/2026 †x¶ | Square | 11/05/2024 | 2347 | 2180 | 1780 |
| &nbsp;&nbsp;&nbsp; 8343218, 4.940%, 5/01/2026 †x¶# | Square | 11/05/2024 | 1009 | 940 | 75 |
| &nbsp;&nbsp;&nbsp; 8343812, 6.418%, 5/02/2026 †x¶ | Square | 11/06/2024 | 342 | 314 | 278 |
| &nbsp;&nbsp;&nbsp; 8343970, 6.424%, 5/02/2026 †x¶ | Square | 11/06/2024 | 4070 | 3712 | 1509 |
| &nbsp;&nbsp;&nbsp; 8344342, 6.154%, 5/02/2026 †x¶ | Square | 11/06/2024 | 2634 | 2419 | 1749 |
| &nbsp;&nbsp;&nbsp; 8344378, 6.427%, 5/02/2026 †x¶# | Square | 11/06/2024 | 1285 | 1172 | 95 |
| &nbsp;&nbsp;&nbsp; 8344756, 5.660%, 5/02/2026 †x¶# | Square | 11/06/2024 | 1386 | 1277 | 103 |
| &nbsp;&nbsp;&nbsp; 8345042, 6.671%, 5/03/2026 †x¶# | Square | 11/06/2024 | 2005 | 1823 | 148 |
| &nbsp;&nbsp;&nbsp; 8345705, 5.397%, 5/03/2026 †x¶# | Square | 11/06/2024 | 2606 | 2411 | 193 |
| &nbsp;&nbsp;&nbsp; 8348126, 6.415%, 5/04/2026 †x¶ | Square | 11/06/2024 | 667 | 609 | 366 |
| &nbsp;&nbsp;&nbsp; 8349686577, 26.386%, 12/31/2024 †x¥#^ | Stripe | 7/07/2023 | 4521 | 4702 | 226 |
| &nbsp;&nbsp;&nbsp; 8350114997, 26.485%, 7/26/2026 †x¥# | Stripe | 6/20/2024 | 1373 | 1428 | 69 |
| &nbsp;&nbsp;&nbsp; 8350515, 4.958%, 5/05/2026 †x¶# | Square | 11/07/2024 | 1330 | 1238 | 655 |
| &nbsp;&nbsp;&nbsp; 8351314, 5.660%, 5/05/2026 †x¶# | Square | 11/07/2024 | 10621 | 9790 | 3940 |
| &nbsp;&nbsp;&nbsp; 8351956, 5.924%, 5/05/2026 †x¶# | Square | 11/07/2024 | 1650 | 1516 | 122 |
| &nbsp;&nbsp;&nbsp; 8351972, 6.326%, 5/05/2026 †x¶# | Square | 11/07/2024 | 6177 | 5641 | 457 |
| &nbsp;&nbsp;&nbsp; 8351997991, 25.583%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 1692 | 1760 | 1793 |
| &nbsp;&nbsp;&nbsp; 8352360869, 26.527%, 1/12/2027 †x¥ | Stripe | 7/17/2025 | 1843 | 1917 | 1951 |
| &nbsp;&nbsp;&nbsp; 8352532, 5.912%, 5/05/2026 †x¶# | Square | 11/07/2024 | 45284 | 41595 | 3351 |
| &nbsp;&nbsp;&nbsp; 8353826, 5.414%, 5/06/2026 †x¶ | Square | 11/08/2024 | 799 | 739 | 497 |
| &nbsp;&nbsp;&nbsp; 8355283, 6.673%, 5/06/2026 †x¶ | Square | 11/08/2024 | 4252 | 3865 | 2571 |
| &nbsp;&nbsp;&nbsp; 8355472, 6.150%, 5/06/2026 †x¶ | Square | 11/08/2024 | 13848 | 12678 | 10065 |
| &nbsp;&nbsp;&nbsp; 8356563940, 21.199%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 10040 | 10442 | 502 |
| &nbsp;&nbsp;&nbsp; 8359193519, 25.587%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 1916 | 2012 | 2016 |
| &nbsp;&nbsp;&nbsp; 836031962, 14.667%, 8/13/2027 †x¥ | Stripe | 2/18/2026 | 96502 | 101327 | 101359 |
| &nbsp;&nbsp;&nbsp; 8361005, 6.680%, 5/07/2026 †x¶ | Square | 11/12/2024 | 1034 | 940 | 516 |
| &nbsp;&nbsp;&nbsp; 8361143302, 25.593%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 8160 | 8487 | 4722 |
| &nbsp;&nbsp;&nbsp; 8361820, 6.144%, 5/07/2026 †x¶# | Square | 11/12/2024 | 2899 | 2655 | 1465 |
| &nbsp;&nbsp;&nbsp; 8362239, 4.972%, 5/07/2026 †x¶ | Square | 11/12/2024 | 1176 | 1095 | 522 |
| &nbsp;&nbsp;&nbsp; 8362276, 6.331%, 5/07/2026 †x¶# | Square | 11/12/2024 | 8338 | 7615 | 617 |
| &nbsp;&nbsp;&nbsp; 8362884107, 25.600%, 3/13/2027 †x¥ | Stripe | 9/17/2025 | 11395 | 11850 | 12042 |
| &nbsp;&nbsp;&nbsp; 8363473, 5.113%, 5/07/2026 †x¶ | Square | 11/12/2024 | 5882 | 5471 | 4610 |
| &nbsp;&nbsp;&nbsp; 836357884, 14.933%, 3/15/2023 †x¥#^ | Stripe | 9/17/2021 | 1089 | 1133 | 54 |
| &nbsp;&nbsp;&nbsp; 8364729919, 19.333%, 2/26/2027 †x¥ | Stripe | 9/03/2025 | 904 | 941 | 964 |
| &nbsp;&nbsp;&nbsp; 8364901016, 19.596%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 3089 | 3244 | 3247 |
| &nbsp;&nbsp;&nbsp; 8366092533, 25.600%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 9610 | 10091 | 10101 |
| &nbsp;&nbsp;&nbsp; 8367482, 5.660%, 5/08/2026 †x¶# | Square | 11/13/2024 | 19655 | 18117 | 8663 |
| &nbsp;&nbsp;&nbsp; 8368332, 6.678%, 5/09/2026 †x¶# | Square | 11/14/2024 | 2760 | 2509 | 917 |
| &nbsp;&nbsp;&nbsp; 8368865, 6.331%, 5/09/2026 †x¶ | Square | 11/14/2024 | 476 | 434 | 186 |
| &nbsp;&nbsp;&nbsp; 8368977, 5.112%, 5/09/2026 †x¶ | Square | 11/14/2024 | 379 | 352 | 346 |
| &nbsp;&nbsp;&nbsp; 8369235, 6.422%, 5/10/2026 †x¶# | Square | 11/14/2024 | 24880 | 22709 | 1841 |
| &nbsp;&nbsp;&nbsp; 8369481, 6.152%, 5/10/2026 †x¶ | Square | 11/14/2024 | 8265 | 7566 | 3770 |
| &nbsp;&nbsp;&nbsp; 8369835, 6.317%, 5/10/2026 †x¶ | Square | 11/14/2024 | 298 | 272 | 116 |
| &nbsp;&nbsp;&nbsp; 8370088, 6.330%, 5/11/2026 †x¶# | Square | 11/14/2024 | 723 | 661 | 270 |
| &nbsp;&nbsp;&nbsp; 8370451, 5.403%, 5/11/2026 †x¶# | Square | 11/14/2024 | 2907 | 2689 | 215 |
| &nbsp;&nbsp;&nbsp; 8370955, 5.669%, 5/11/2026 †x¶# | Square | 11/14/2024 | 4184 | 3856 | 310 |
| &nbsp;&nbsp;&nbsp; 8371308, 5.660%, 5/11/2026 †§x¶ | Square | 11/14/2024 | 938 | 865 | 828 |
| &nbsp;&nbsp;&nbsp; 8371350, 4.780%, 5/11/2026 †x¶# | Square | 11/14/2024 | 3068 | 2863 | 1484 |
| &nbsp;&nbsp;&nbsp; 8371861, 4.783%, 5/12/2026 †§x¶ | Square | 11/14/2024 | 878 | 819 | 821 |
| &nbsp;&nbsp;&nbsp; 8372732, 4.962%, 5/12/2026 †x¶# | Square | 11/14/2024 | 4196 | 3905 | 310 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6217** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8373483718, 18.133%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | $909 | $955 | $956 |
| &nbsp;&nbsp;&nbsp; 8373872, 4.965%, 5/12/2026 †x¶# | Square | 11/14/2024 | 226 | 211 | 102 |
| &nbsp;&nbsp;&nbsp; 8374112, 5.912%, 5/12/2026 †x¶# | Square | 11/14/2024 | 25629 | 23541 | 1897 |
| &nbsp;&nbsp;&nbsp; 8374979, 6.421%, 5/12/2026 †x¶ | Square | 11/14/2024 | 4237 | 3865 | 3042 |
| &nbsp;&nbsp;&nbsp; 8375179589, 26.476%, 10/09/2025 †x¥#^ | Stripe | 4/15/2024 | 550 | 572 | 28 |
| &nbsp;&nbsp;&nbsp; 8375430281, 20.000%, 2/03/2024 †x¥#^ | Stripe | 8/10/2022 | 20748 | 21578 | 1037 |
| &nbsp;&nbsp;&nbsp; 8376724136, 21.599%, 9/18/2025 †x¥#^ | Stripe | 3/25/2024 | 33278 | 34609 | 1664 |
| &nbsp;&nbsp;&nbsp; 8378119, 6.327%, 5/13/2026 †x¶# | Square | 11/15/2024 | 6987 | 6381 | 517 |
| &nbsp;&nbsp;&nbsp; 8379315804, 26.520%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 842 | 875 | 498 |
| &nbsp;&nbsp;&nbsp; 8379334859, 18.000%, 1/22/2027 †x¥ | Stripe | 7/29/2025 | 4344 | 4517 | 4596 |
| &nbsp;&nbsp;&nbsp; 8380659381, 24.264%, 10/22/2025 †x¥#^ | Stripe | 4/26/2024 | 7511 | 7811 | 376 |
| &nbsp;&nbsp;&nbsp; 8381054, 5.635%, 5/14/2026 †x¶# | Square | 11/18/2024 | 12616 | 11632 | 934 |
| &nbsp;&nbsp;&nbsp; 8381960, 5.669%, 5/14/2026 †§x¶ | Square | 11/18/2024 | 483 | 445 | 427 |
| &nbsp;&nbsp;&nbsp; 8382071, 6.331%, 5/14/2026 †x¶ | Square | 11/18/2024 | 331 | 303 | 194 |
| &nbsp;&nbsp;&nbsp; 8382341, 5.403%, 5/14/2026 †x¶ | Square | 11/18/2024 | 2901 | 2683 | 1835 |
| &nbsp;&nbsp;&nbsp; 8382511109, 15.200%, 12/22/2026 †x¥ | Stripe | 6/26/2025 | 1606 | 1671 | 1700 |
| &nbsp;&nbsp;&nbsp; 8383289, 6.406%, 5/14/2026 †§x¶ | Square | 11/18/2024 | 122 | 111 | 106 |
| &nbsp;&nbsp;&nbsp; 8383797, 4.778%, 5/14/2026 †x¶ | Square | 11/18/2024 | 1149 | 1072 | 926 |
| &nbsp;&nbsp;&nbsp; 8384258, 6.420%, 5/14/2026 †x¶ | Square | 11/18/2024 | 6407 | 5847 | 3499 |
| &nbsp;&nbsp;&nbsp; 8385887404, 22.667%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 819 | 852 | 41 |
| &nbsp;&nbsp;&nbsp; 8387810, 6.150%, 5/15/2026 †x¶# | Square | 11/19/2024 | 6374 | 5837 | 472 |
| &nbsp;&nbsp;&nbsp; 8388151, 4.941%, 5/16/2026 †x¶# | Square | 11/20/2024 | 935 | 870 | 69 |
| &nbsp;&nbsp;&nbsp; 8388528, 6.423%, 5/16/2026 †x¶ | Square | 11/20/2024 | 3647 | 3327 | 1454 |
| &nbsp;&nbsp;&nbsp; 8388855, 6.329%, 5/17/2026 †x¶# | Square | 11/20/2024 | 740 | 676 | 542 |
| &nbsp;&nbsp;&nbsp; 8392162, 4.780%, 5/18/2026 †x¶ | Square | 11/20/2024 | 4168 | 3891 | 3365 |
| &nbsp;&nbsp;&nbsp; 8392274718, 26.129%, 8/28/2026 †x¥# | Stripe | 3/04/2025 | 12308 | 12800 | 2312 |
| &nbsp;&nbsp;&nbsp; 8392714, 4.781%, 5/18/2026 †x¶ | Square | 11/20/2024 | 5659 | 5280 | 5163 |
| &nbsp;&nbsp;&nbsp; 8394832775, 20.129%, 7/13/2023 †x¥#^ | Stripe | 1/18/2022 | 1830 | 1903 | 92 |
| &nbsp;&nbsp;&nbsp; 8395431, 6.680%, 5/19/2026 †x¶# | Square | 11/21/2024 | 3430 | 3118 | 254 |
| &nbsp;&nbsp;&nbsp; 8397449, 5.616%, 5/20/2026 †x¶# | Square | 11/22/2024 | 1361 | 1255 | 101 |
| &nbsp;&nbsp;&nbsp; 8399794, 5.409%, 5/20/2026 †x¶# | Square | 11/22/2024 | 17450 | 16141 | 1291 |
| &nbsp;&nbsp;&nbsp; 83ae0869-6c1d-4768-bb1f-d60e9ed79b41, 8.990%, 5/31/2018 †x#^ | Funding Circle | 7/03/2017 | 82035 | 82035 | 24610 |
| &nbsp;&nbsp;&nbsp; 83d2dae2-8467-44ba-80f9-112dacea296b, 18.900%, 2/19/2019 †x#^ | Funding Circle | 12/18/2017 | 8589 | 8589 | 2577 |
| &nbsp;&nbsp;&nbsp; 8400652, 4.789%, 5/20/2026 †x¶ | Square | 11/22/2024 | 1110 | 1035 | 700 |
| &nbsp;&nbsp;&nbsp; 8402254937, 19.060%, 4/17/2024 †x¥#^ | Stripe | 10/21/2022 | 630 | 655 | 31 |
| &nbsp;&nbsp;&nbsp; 8403910832, 19.667%, 3/19/2024 †x¥#^ | Stripe | 9/22/2022 | 512 | 532 | 26 |
| &nbsp;&nbsp;&nbsp; 8404520352, 20.267%, 2/14/2024 †x¥#^ | Stripe | 8/19/2022 | 2641 | 2746 | 132 |
| &nbsp;&nbsp;&nbsp; 8406587361, 26.533%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 649 | 675 | 32 |
| &nbsp;&nbsp;&nbsp; 8406894, 5.391%, 5/21/2026 †x¶ | Square | 11/25/2024 | 800 | 740 | 317 |
| &nbsp;&nbsp;&nbsp; 8409543874, 19.733%, 1/03/2025 †x¥#^ | Stripe | 7/11/2023 | 3827 | 3980 | 191 |
| &nbsp;&nbsp;&nbsp; 8411648, 5.113%, 5/22/2026 †§x¶ | Square | 11/26/2024 | 4175 | 3877 | 3976 |
| &nbsp;&nbsp;&nbsp; 8412595216, 26.530%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 11835 | 12309 | 2222 |
| &nbsp;&nbsp;&nbsp; 8413939, 6.416%, 5/24/2026 †§x¶ | Square | 11/27/2024 | 78 | 71 | 67 |
| &nbsp;&nbsp;&nbsp; 8414640, 6.423%, 5/24/2026 †x¶ | Square | 11/27/2024 | 1973 | 1800 | 646 |
| &nbsp;&nbsp;&nbsp; 8414668, 4.783%, 5/24/2026 †x¶ | Square | 11/27/2024 | 3876 | 3616 | 2885 |
| &nbsp;&nbsp;&nbsp; 8416953, 4.780%, 5/25/2026 †x¶ | Square | 11/27/2024 | 280 | 261 | 264 |
| &nbsp;&nbsp;&nbsp; 8417748, 6.339%, 5/25/2026 †x¶ | Square | 11/27/2024 | 1071 | 978 | 464 |
| &nbsp;&nbsp;&nbsp; 8417846338, 12.800%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 339 | 352 | 359 |
| &nbsp;&nbsp;&nbsp; 8418075, 6.421%, 5/25/2026 †x¶# | Square | 11/27/2024 | 3955 | 3612 | 1099 |
| &nbsp;&nbsp;&nbsp; 8418226, 5.629%, 5/25/2026 †x¶# | Square | 11/27/2024 | 171 | 158 | 13 |
| &nbsp;&nbsp;&nbsp; 8419232261, 26.132%, 8/01/2026 †x¥# | Stripe | 2/05/2025 | 15241 | 15851 | 762 |
| &nbsp;&nbsp;&nbsp; 8419376, 5.113%, 5/25/2026 †x¶ | Square | 11/27/2024 | 12574 | 11678 | 9836 |
| &nbsp;&nbsp;&nbsp; 8419690685, 17.333%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 65498 | 68773 | 68769 |
| &nbsp;&nbsp;&nbsp; 8420772965, 19.059%, 9/14/2025 †x¥#^ | Stripe | 1/19/2024 | 9721 | 10110 | 486 |
| &nbsp;&nbsp;&nbsp; 8421049, 5.915%, 5/26/2026 †x¶ | Square | 11/29/2024 | 289 | 265 | 228 |
| &nbsp;&nbsp;&nbsp; 8421560, 4.780%, 5/26/2026 †x¶ | Square | 11/29/2024 | 3546 | 3309 | 2831 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6218** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8422758, 6.325%, 5/26/2026 †x¶# | Square | 11/29/2024 | $2136 | $1951 | $1197 |
| &nbsp;&nbsp;&nbsp; 8422896302, 20.391%, 6/11/2024 †x¥#^ | Stripe | 12/15/2022 | 5156 | 5362 | 258 |
| &nbsp;&nbsp;&nbsp; 8424367038, 22.265%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 5471 | 5745 | 5749 |
| &nbsp;&nbsp;&nbsp; 8427754626, 20.800%, 10/07/2026 †x¥ | Stripe | 4/11/2025 | 909 | 945 | 961 |
| &nbsp;&nbsp;&nbsp; 8428347666, 24.000%, 6/11/2023 †x¥#^ | Stripe | 10/15/2021 | 1060 | 1102 | 53 |
| &nbsp;&nbsp;&nbsp; 8429286151, 12.800%, 2/06/2027 †x¥ | Stripe | 8/13/2025 | 22750 | 23660 | 23887 |
| &nbsp;&nbsp;&nbsp; 8431497859, 20.396%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 25555 | 26833 | 26909 |
| &nbsp;&nbsp;&nbsp; 8434048324, 26.132%, 9/29/2026 †x¥# | Stripe | 4/03/2025 | 33571 | 34914 | 1679 |
| &nbsp;&nbsp;&nbsp; 8437633394, 22.392%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 174 | 181 | 188 |
| &nbsp;&nbsp;&nbsp; 8438241527, 25.600%, 3/06/2027 †x¥ | Stripe | 9/10/2025 | 9346 | 9720 | 9886 |
| &nbsp;&nbsp;&nbsp; 8440320132, 26.523%, 3/21/2026 †x¥# | Stripe | 7/25/2024 | 275 | 286 | 112 |
| &nbsp;&nbsp;&nbsp; 8445400655, 22.389%, 8/15/2026 †x¥# | Stripe | 2/20/2025 | 1821 | 1894 | 91 |
| &nbsp;&nbsp;&nbsp; 844957628, 16.666%, 12/27/2024 †x¥#^ | Stripe | 10/06/2022 | 132711 | 138020 | 6636 |
| &nbsp;&nbsp;&nbsp; 8451625514, 20.397%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 5546 | 5768 | 277 |
| &nbsp;&nbsp;&nbsp; 8452861033, 14.528%, 10/26/2024 †x¥#^ | Stripe | 9/27/2022 | 10712 | 11140 | 536 |
| &nbsp;&nbsp;&nbsp; 8455095534, 22.388%, 9/22/2023 †x¥#^ | Stripe | 3/29/2022 | 3561 | 3703 | 178 |
| &nbsp;&nbsp;&nbsp; 8455492471, 20.667%, 3/14/2024 †x¥#^ | Stripe | 9/19/2022 | 4623 | 4808 | 231 |
| &nbsp;&nbsp;&nbsp; 8455881558, 19.600%, 5/02/2025 †x¥#^ | Stripe | 2/09/2023 | 5968 | 6207 | 298 |
| &nbsp;&nbsp;&nbsp; 8457678145, 20.930%, 1/04/2025 †x¥#^ | Stripe | 7/12/2023 | 12764 | 13274 | 638 |
| &nbsp;&nbsp;&nbsp; 845f55d2-787f-400d-b7f5-4e105e541b00, 19.290%, 7/18/2018 †x#^ | Funding Circle | 2/21/2017 | 154774 | 154774 | 46432 |
| &nbsp;&nbsp;&nbsp; 8465453896, 21.730%, 5/22/2024 †x¥#^ | Stripe | 11/28/2022 | 16223 | 16872 | 811 |
| &nbsp;&nbsp;&nbsp; 8469683221, 22.385%, 8/26/2026 †x¥ | Stripe | 2/28/2025 | 2007 | 2087 | 2141 |
| &nbsp;&nbsp;&nbsp; 847414610, 22.667%, 6/19/2025 †x¥#^ | Stripe | 12/26/2023 | 16300 | 16952 | 815 |
| &nbsp;&nbsp;&nbsp; 8484156767, 25.596%, 3/11/2027 †x¥ | Stripe | 9/15/2025 | 3939 | 4097 | 4156 |
| &nbsp;&nbsp;&nbsp; 8484711284, 24.000%, 11/08/2023 †x¥#^ | Stripe | 5/13/2022 | 1588 | 1652 | 79 |
| &nbsp;&nbsp;&nbsp; 8487193995, 26.424%, 1/08/2026 †x¥#^ | Stripe | 7/15/2024 | 307 | 319 | 15 |
| &nbsp;&nbsp;&nbsp; 8488063167, 24.000%, 8/05/2023 †x¥#^ | Stripe | 2/09/2022 | 1483 | 1543 | 74 |
| &nbsp;&nbsp;&nbsp; 8488565389, 25.867%, 7/31/2026 †x¥ | Stripe | 2/04/2025 | 364 | 378 | 396 |
| &nbsp;&nbsp;&nbsp; 8488984262, 21.189%, 7/16/2026 †x¥# | Stripe | 1/21/2025 | 2402 | 2498 | 456 |
| &nbsp;&nbsp;&nbsp; 8489526672, 20.000%, 8/07/2024 †x¥#^ | Stripe | 2/10/2023 | 1260 | 1310 | 63 |
| &nbsp;&nbsp;&nbsp; 8490082582, 18.797%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 23708 | 24656 | 1185 |
| &nbsp;&nbsp;&nbsp; 8490122168, 16.000%, 2/17/2023 †x¥#^ | Stripe | 8/24/2021 | 954 | 992 | 48 |
| &nbsp;&nbsp;&nbsp; 8490631968, 20.928%, 10/19/2023 †x¥#^ | Stripe | 4/25/2022 | 370 | 385 | 18 |
| &nbsp;&nbsp;&nbsp; 8494870337, 26.508%, 8/10/2025 †x¥#^ | Stripe | 6/26/2023 | 557 | 579 | 28 |
| &nbsp;&nbsp;&nbsp; 84a9d62e-9a5f-4a85-8d1c-7e15434001e4, 8.250%, 5/30/2023 †x#^ | Funding Circle | 6/01/2018 | 5289 | 5289 | 1587 |
| &nbsp;&nbsp;&nbsp; 8514695173, 18.122%, 1/08/2027 †x¥ | Stripe | 7/15/2025 | 1076 | 1119 | 1140 |
| &nbsp;&nbsp;&nbsp; 8516395247, 26.485%, 8/25/2026 †x¥ | Stripe | 2/27/2025 | 836 | 870 | 888 |
| &nbsp;&nbsp;&nbsp; 8517902483, 21.861%, 12/11/2024 †x¥#^ | Stripe | 6/16/2023 | 1467 | 1526 | 73 |
| &nbsp;&nbsp;&nbsp; 8522427347, 26.510%, 6/05/2026 †x¥# | Stripe | 12/10/2024 | 2595 | 2699 | 130 |
| &nbsp;&nbsp;&nbsp; 8523609116, 26.529%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 19088 | 20043 | 20042 |
| &nbsp;&nbsp;&nbsp; 8527107416, 17.714%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 911 | 947 | 46 |
| &nbsp;&nbsp;&nbsp; 8528927477, 21.593%, 6/06/2024 †x¥#^ | Stripe | 12/12/2022 | 5576 | 5800 | 279 |
| &nbsp;&nbsp;&nbsp; 8530723713, 14.000%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 3413 | 3584 | 3590 |
| &nbsp;&nbsp;&nbsp; 8534235054, 26.489%, 1/23/2025 †x¥#^ | Stripe | 7/31/2023 | 500 | 520 | 25 |
| &nbsp;&nbsp;&nbsp; 8542141078, 16.930%, 8/31/2024 †x¥#^ | Stripe | 3/08/2023 | 3580 | 3724 | 179 |
| &nbsp;&nbsp;&nbsp; 8542955, 5.912%, 6/30/2026 †x¶# | Square | 1/02/2025 | 32080 | 29467 | 2374 |
| &nbsp;&nbsp;&nbsp; 8543027, 6.447%, 6/30/2026 †x¶ | Square | 1/02/2025 | 13460 | 12273 | 4797 |
| &nbsp;&nbsp;&nbsp; 8543050, 4.780%, 6/30/2026 †§x¶ | Square | 1/02/2025 | 1760 | 1642 | 1721 |
| &nbsp;&nbsp;&nbsp; 8543123, 6.102%, 6/30/2026 †x¶ | Square | 1/02/2025 | 8455 | 7746 | 5404 |
| &nbsp;&nbsp;&nbsp; 8543147, 6.445%, 6/30/2026 †x¶ | Square | 1/02/2025 | 2912 | 2655 | 2368 |
| &nbsp;&nbsp;&nbsp; 8543162, 6.443%, 6/30/2026 †x¶# | Square | 1/02/2025 | 1355 | 1236 | 715 |
| &nbsp;&nbsp;&nbsp; 8543179, 6.286%, 6/30/2026 †x¶# | Square | 1/02/2025 | 5069 | 4632 | 375 |
| &nbsp;&nbsp;&nbsp; 8543184, 6.447%, 6/30/2026 †x¶ | Square | 1/02/2025 | 4758 | 4349 | 3487 |
| &nbsp;&nbsp;&nbsp; 8543225, 6.420%, 6/30/2026 †x¶ | Square | 1/02/2025 | 1496 | 1365 | 1280 |
| &nbsp;&nbsp;&nbsp; 8543254, 5.627%, 6/30/2026 †x¶# | Square | 1/02/2025 | 1814 | 1673 | 134 |
| &nbsp;&nbsp;&nbsp; 8543349, 4.719%, 6/30/2026 †x¶ | Square | 1/02/2025 | 6246 | 5833 | 4938 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6219** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8543362, 5.599%, 6/30/2026 †§x¶ | Square | 1/02/2025 | $1209 | $1115 | $1155 |
| &nbsp;&nbsp;&nbsp; 8543380, 5.031%, 6/30/2026 †x¶# | Square | 1/02/2025 | 9804 | 9116 | 726 |
| &nbsp;&nbsp;&nbsp; 8543425, 6.429%, 6/30/2026 †x¶ | Square | 1/02/2025 | 783 | 714 | 382 |
| &nbsp;&nbsp;&nbsp; 8543538, 5.031%, 6/30/2026 †x¶ | Square | 1/02/2025 | 6376 | 5928 | 5954 |
| &nbsp;&nbsp;&nbsp; 8543548, 6.443%, 6/30/2026 †x¶ | Square | 1/02/2025 | 1739 | 1586 | 475 |
| &nbsp;&nbsp;&nbsp; 8543562, 4.966%, 6/30/2026 †x¶# | Square | 1/02/2025 | 840 | 782 | 62 |
| &nbsp;&nbsp;&nbsp; 8543583, 4.717%, 6/30/2026 †x¶ | Square | 1/02/2025 | 30544 | 28527 | 25888 |
| &nbsp;&nbsp;&nbsp; 8543626, 4.719%, 6/30/2026 †§x¶ | Square | 1/02/2025 | 1046 | 977 | 1028 |
| &nbsp;&nbsp;&nbsp; 8543639, 6.292%, 6/30/2026 †x¶# | Square | 1/02/2025 | 2543 | 2323 | 188 |
| &nbsp;&nbsp;&nbsp; 8543764, 6.449%, 6/30/2026 †x¶# | Square | 1/02/2025 | 5887 | 5368 | 2510 |
| &nbsp;&nbsp;&nbsp; 8544793410, 20.933%, 3/28/2024 †x¥#^ | Stripe | 10/03/2022 | 6015 | 6256 | 301 |
| &nbsp;&nbsp;&nbsp; 8545070, 6.099%, 6/30/2026 †x¶ | Square | 1/03/2025 | 4620 | 4233 | 3078 |
| &nbsp;&nbsp;&nbsp; 8545436, 6.101%, 6/30/2026 †x¶# | Square | 1/03/2025 | 15591 | 14284 | 1154 |
| &nbsp;&nbsp;&nbsp; 8545696, 4.718%, 6/30/2026 †x¶ | Square | 1/03/2025 | 6257 | 5843 | 5895 |
| &nbsp;&nbsp;&nbsp; 8545976, 4.722%, 6/30/2026 †§x¶ | Square | 1/03/2025 | 311 | 291 | 304 |
| &nbsp;&nbsp;&nbsp; 8546074894, 14.800%, 8/13/2026 †x¥ | Stripe | 2/18/2025 | 31615 | 32880 | 33108 |
| &nbsp;&nbsp;&nbsp; 8546456, 4.717%, 6/30/2026 †x¶ | Square | 1/03/2025 | 3186 | 2976 | 2461 |
| &nbsp;&nbsp;&nbsp; 8546500, 4.717%, 6/30/2026 †x¶# | Square | 1/03/2025 | 3641 | 3401 | 269 |
| &nbsp;&nbsp;&nbsp; 8546570424, 20.929%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 53 | 56 | 3 |
| &nbsp;&nbsp;&nbsp; 8546938, 5.031%, 6/30/2026 †x¶ | Square | 1/03/2025 | 4289 | 3988 | 1658 |
| &nbsp;&nbsp;&nbsp; 8546978, 5.348%, 6/30/2026 †x¶# | Square | 1/03/2025 | 10170 | 9415 | 5781 |
| &nbsp;&nbsp;&nbsp; 8547171185, 18.400%, 1/10/2024 †x¥#^ | Stripe | 7/15/2022 | 6870 | 7145 | 343 |
| &nbsp;&nbsp;&nbsp; 8547380, 6.458%, 6/30/2026 †x¶# | Square | 1/03/2025 | 1348 | 1229 | 100 |
| &nbsp;&nbsp;&nbsp; 8550135, 5.625%, 7/01/2026 †x¶# | Square | 1/06/2025 | 2022 | 1865 | 150 |
| &nbsp;&nbsp;&nbsp; 8550331, 5.919%, 7/01/2026 †§x¶ | Square | 1/06/2025 | 719 | 661 | 627 |
| &nbsp;&nbsp;&nbsp; 8550433639, 13.599%, 7/09/2024 †x¥#^ | Stripe | 4/27/2022 | 12375 | 12870 | 619 |
| &nbsp;&nbsp;&nbsp; 8550464, 4.717%, 7/01/2026 †x¶# | Square | 1/06/2025 | 7821 | 7304 | 579 |
| &nbsp;&nbsp;&nbsp; 8550488, 6.467%, 7/01/2026 †x¶# | Square | 1/06/2025 | 1167 | 1064 | 185 |
| &nbsp;&nbsp;&nbsp; 8550684, 4.717%, 7/01/2026 †§x¶ | Square | 1/06/2025 | 205 | 192 | 201 |
| &nbsp;&nbsp;&nbsp; 8550870, 6.295%, 7/01/2026 †x¶ | Square | 1/06/2025 | 2948 | 2693 | 1412 |
| &nbsp;&nbsp;&nbsp; 8551143, 4.718%, 7/02/2026 †x¶ | Square | 1/06/2025 | 12771 | 11927 | 10793 |
| &nbsp;&nbsp;&nbsp; 8551200, 6.468%, 7/02/2026 †x¶ | Square | 1/06/2025 | 853 | 778 | 276 |
| &nbsp;&nbsp;&nbsp; 8551494, 6.101%, 7/02/2026 †x¶# | Square | 1/06/2025 | 5050 | 4630 | 374 |
| &nbsp;&nbsp;&nbsp; 8551815, 6.100%, 7/02/2026 †x¶ | Square | 1/06/2025 | 676 | 620 | 469 |
| &nbsp;&nbsp;&nbsp; 8551910159, 25.333%, 11/05/2024 †x¥#^ | Stripe | 5/11/2023 | 595 | 618 | 30 |
| &nbsp;&nbsp;&nbsp; 8552087, 4.926%, 7/02/2026 †x¶# | Square | 1/06/2025 | 879 | 819 | 65 |
| &nbsp;&nbsp;&nbsp; 8552141, 4.718%, 7/02/2026 †§x¶ | Square | 1/06/2025 | 239 | 223 | 233 |
| &nbsp;&nbsp;&nbsp; 8552150084, 16.389%, 10/29/2025 †x¥#^ | Stripe | 5/03/2024 | 8154 | 8480 | 408 |
| &nbsp;&nbsp;&nbsp; 8552989, 6.456%, 7/02/2026 †x¶# | Square | 1/06/2025 | 1109 | 1011 | 673 |
| &nbsp;&nbsp;&nbsp; 8552996, 5.046%, 7/02/2026 †x¶# | Square | 1/06/2025 | 184 | 171 | 142 |
| &nbsp;&nbsp;&nbsp; 8553018, 5.034%, 7/02/2026 †x¶# | Square | 1/06/2025 | 3651 | 3395 | 1479 |
| &nbsp;&nbsp;&nbsp; 8553195, 6.441%, 7/02/2026 †x¶# | Square | 1/06/2025 | 1516 | 1383 | 332 |
| &nbsp;&nbsp;&nbsp; 8553503, 4.780%, 7/02/2026 †x¶ | Square | 1/06/2025 | 3457 | 3226 | 2650 |
| &nbsp;&nbsp;&nbsp; 8553722, 6.454%, 7/02/2026 †§x¶ | Square | 1/06/2025 | 166 | 152 | 142 |
| &nbsp;&nbsp;&nbsp; 8554078, 6.427%, 7/02/2026 †x¶# | Square | 1/06/2025 | 1121 | 1058 | 83 |
| &nbsp;&nbsp;&nbsp; 8555157, 4.718%, 7/03/2026 †x¶ | Square | 1/07/2025 | 13373 | 12489 | 12613 |
| &nbsp;&nbsp;&nbsp; 8555647676, 20.903%, 10/22/2024 †x¥#^ | Stripe | 4/27/2023 | 1490 | 1549 | 74 |
| &nbsp;&nbsp;&nbsp; 8555781, 5.915%, 7/03/2026 †x¶# | Square | 1/07/2025 | 3134 | 2915 | 232 |
| &nbsp;&nbsp;&nbsp; 8555904, 6.094%, 7/03/2026 †x¶# | Square | 1/07/2025 | 1654 | 1515 | 122 |
| &nbsp;&nbsp;&nbsp; 8556205, 6.462%, 7/03/2026 †x¶ | Square | 1/07/2025 | 720 | 656 | 228 |
| &nbsp;&nbsp;&nbsp; 8556219, 4.717%, 7/03/2026 †§x¶ | Square | 1/07/2025 | 71 | 66 | 69 |
| &nbsp;&nbsp;&nbsp; 8556220, 4.941%, 7/03/2026 †x¶# | Square | 1/07/2025 | 4195 | 3905 | 310 |
| &nbsp;&nbsp;&nbsp; 8556247, 6.101%, 7/03/2026 †x¶ | Square | 1/07/2025 | 7644 | 7003 | 4039 |
| &nbsp;&nbsp;&nbsp; 8556383, 4.945%, 7/03/2026 †x¶# | Square | 1/07/2025 | 910 | 847 | 67 |
| &nbsp;&nbsp;&nbsp; 8556526, 4.717%, 7/03/2026 †x¶ | Square | 1/07/2025 | 1025 | 957 | 929 |
| &nbsp;&nbsp;&nbsp; 8556614, 5.906%, 7/03/2026 †x¶ | Square | 1/07/2025 | 1487 | 1366 | 836 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6220** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8557769, 4.717%, 7/03/2026 †x¶# | Square | 1/07/2025 | $63740 | $59598 | $4717 |
| &nbsp;&nbsp;&nbsp; 8557879, 6.100%, 7/03/2026 †x¶ | Square | 1/07/2025 | 35405 | 32438 | 20264 |
| &nbsp;&nbsp;&nbsp; 8558003, 5.348%, 7/03/2026 †§x¶ | Square | 1/07/2025 | 698 | 646 | 669 |
| &nbsp;&nbsp;&nbsp; 8558339, 5.349%, 7/03/2026 †§x¶ | Square | 1/07/2025 | 2074 | 1920 | 1820 |
| &nbsp;&nbsp;&nbsp; 855856, 7.303%, 3/27/2019 †x¶#^ | Square | 9/29/2017 | 11474 | 10342 | 849 |
| &nbsp;&nbsp;&nbsp; 8559192, 4.720%, 7/04/2026 †x¶ | Square | 1/08/2025 | 2729 | 2549 | 2564 |
| &nbsp;&nbsp;&nbsp; 8559487, 4.719%, 7/04/2026 †x¶ | Square | 1/08/2025 | 8204 | 7662 | 6484 |
| &nbsp;&nbsp;&nbsp; 8559763, 5.031%, 7/04/2026 †x¶ | Square | 1/08/2025 | 2033 | 1891 | 1811 |
| &nbsp;&nbsp;&nbsp; 8559863, 4.717%, 7/04/2026 †x¶ | Square | 1/08/2025 | 6706 | 6263 | 5752 |
| &nbsp;&nbsp;&nbsp; 8560426, 6.101%, 7/05/2026 †x¶# | Square | 1/08/2025 | 14610 | 13385 | 1081 |
| &nbsp;&nbsp;&nbsp; 8560629, 5.347%, 7/05/2026 †x¶ | Square | 1/08/2025 | 1736 | 1607 | 1168 |
| &nbsp;&nbsp;&nbsp; 8560637, 6.440%, 7/05/2026 †x¶ | Square | 1/08/2025 | 1017 | 928 | 421 |
| &nbsp;&nbsp;&nbsp; 8560920, 5.031%, 7/05/2026 †x¶# | Square | 1/08/2025 | 2951 | 2744 | 218 |
| &nbsp;&nbsp;&nbsp; 8561001587, 16.113%, 10/22/2026 †x¥ | Stripe | 4/28/2025 | 2611 | 2716 | 2734 |
| &nbsp;&nbsp;&nbsp; 8561025, 6.442%, 7/05/2026 †x¶ | Square | 1/08/2025 | 995 | 908 | 809 |
| &nbsp;&nbsp;&nbsp; 8563664516, 17.467%, 7/27/2024 †x¥#^ | Stripe | 12/01/2022 | 84963 | 88361 | 4248 |
| &nbsp;&nbsp;&nbsp; 8564709907, 25.714%, 1/08/2025 †x¥#^ | Stripe | 7/14/2023 | 3267 | 3397 | 163 |
| &nbsp;&nbsp;&nbsp; 8566316970, 20.381%, 12/01/2026 †x¥ | Stripe | 6/05/2025 | 1079 | 1123 | 1145 |
| &nbsp;&nbsp;&nbsp; 8566926365, 20.919%, 4/21/2026 †x¥# | Stripe | 10/24/2024 | 2386 | 2481 | 119 |
| &nbsp;&nbsp;&nbsp; 8567759203, 22.190%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 1252 | 1315 | 1318 |
| &nbsp;&nbsp;&nbsp; 8567938572, 14.265%, 12/07/2023 †x¥#^ | Stripe | 6/13/2022 | 14815 | 15408 | 741 |
| &nbsp;&nbsp;&nbsp; 8571246731, 24.000%, 4/12/2024 †x¥#^ | Stripe | 1/25/2022 | 2251 | 2341 | 113 |
| &nbsp;&nbsp;&nbsp; 8575465364, 22.000%, 12/24/2025 †x¥#^ | Stripe | 6/28/2024 | 50308 | 52321 | 2515 |
| &nbsp;&nbsp;&nbsp; 8575859543, 26.530%, 12/19/2025 †x¥#^ | Stripe | 6/25/2024 | 8842 | 9195 | 442 |
| &nbsp;&nbsp;&nbsp; 8578915812, 22.116%, 12/02/2023 †x¥#^ | Stripe | 4/07/2022 | 602 | 626 | 30 |
| &nbsp;&nbsp;&nbsp; 8579844, 6.289%, 7/06/2026 †x¶ | Square | 1/08/2025 | 329 | 300 | 161 |
| &nbsp;&nbsp;&nbsp; 8581912, 4.727%, 7/06/2026 †§x¶ | Square | 1/08/2025 | 259 | 242 | 251 |
| &nbsp;&nbsp;&nbsp; 8584517445, 16.667%, 4/01/2024 †x¥#^ | Stripe | 1/11/2022 | 69372 | 72147 | 3469 |
| &nbsp;&nbsp;&nbsp; 8586018466, 19.858%, 4/16/2025 †x¥#^ | Stripe | 10/20/2023 | 941 | 979 | 47 |
| &nbsp;&nbsp;&nbsp; 8586992, 5.031%, 7/06/2026 †x¶ | Square | 1/08/2025 | 10294 | 9571 | 9246 |
| &nbsp;&nbsp;&nbsp; 8588285149, 21.571%, 5/27/2025 †x¥#^ | Stripe | 11/30/2023 | 1545 | 1607 | 77 |
| &nbsp;&nbsp;&nbsp; 8589933589, 15.595%, 7/12/2025 †x¥#^ | Stripe | 1/18/2024 | 2187 | 2274 | 109 |
| &nbsp;&nbsp;&nbsp; 8590216814, 21.733%, 5/02/2024 †x¥#^ | Stripe | 11/07/2022 | 4174 | 4341 | 209 |
| &nbsp;&nbsp;&nbsp; 8590406312, 24.000%, 2/02/2023 †x¥#^ | Stripe | 8/09/2021 | 930 | 968 | 47 |
| &nbsp;&nbsp;&nbsp; 8591219, 4.709%, 7/06/2026 †§x¶ | Square | 1/08/2025 | 52 | 49 | 52 |
| &nbsp;&nbsp;&nbsp; 8591351, 5.346%, 7/06/2026 †x¶ | Square | 1/08/2025 | 3714 | 3438 | 3029 |
| &nbsp;&nbsp;&nbsp; 8591419, 5.031%, 7/06/2026 †§x¶ | Square | 1/08/2025 | 689 | 641 | 665 |
| &nbsp;&nbsp;&nbsp; 8591778, 5.606%, 7/06/2026 †x¶# | Square | 1/08/2025 | 1910 | 1762 | 881 |
| &nbsp;&nbsp;&nbsp; 8591874, 4.724%, 7/06/2026 †x¶ | Square | 1/08/2025 | 1058 | 988 | 928 |
| &nbsp;&nbsp;&nbsp; 8592333103, 24.930%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 3692 | 3877 | 3889 |
| &nbsp;&nbsp;&nbsp; 8592514, 5.346%, 7/06/2026 †x¶# | Square | 1/08/2025 | 974 | 902 | 708 |
| &nbsp;&nbsp;&nbsp; 8592708, 5.029%, 7/07/2026 †x¶ | Square | 1/09/2025 | 2381 | 2214 | 1814 |
| &nbsp;&nbsp;&nbsp; 8592911, 4.929%, 7/07/2026 †x¶# | Square | 1/09/2025 | 1336 | 1244 | 99 |
| &nbsp;&nbsp;&nbsp; 8592934, 6.278%, 7/07/2026 †x¶ | Square | 1/09/2025 | 1144 | 1046 | 372 |
| &nbsp;&nbsp;&nbsp; 8594243, 6.447%, 7/07/2026 †x¶# | Square | 1/09/2025 | 9318 | 8496 | 690 |
| &nbsp;&nbsp;&nbsp; 8594396, 5.031%, 7/07/2026 †x¶# | Square | 1/09/2025 | 1780 | 1655 | 690 |
| &nbsp;&nbsp;&nbsp; 8594399, 5.031%, 7/07/2026 †x¶# | Square | 1/09/2025 | 2212 | 2066 | 180 |
| &nbsp;&nbsp;&nbsp; 8594898, 5.346%, 7/07/2026 †x¶ | Square | 1/09/2025 | 1192 | 1103 | 816 |
| &nbsp;&nbsp;&nbsp; 8595397, 6.100%, 7/07/2026 †x¶# | Square | 1/09/2025 | 1171 | 1073 | 87 |
| &nbsp;&nbsp;&nbsp; 8595737, 6.289%, 7/07/2026 †§x¶ | Square | 1/09/2025 | 2818 | 2575 | 2347 |
| &nbsp;&nbsp;&nbsp; 8596184, 5.031%, 7/07/2026 †x¶ | Square | 1/09/2025 | 7336 | 6822 | 4248 |
| &nbsp;&nbsp;&nbsp; 8596284, 6.457%, 7/07/2026 †x¶# | Square | 1/09/2025 | 2282 | 2080 | 169 |
| &nbsp;&nbsp;&nbsp; 8596867, 4.715%, 7/08/2026 †x¶ | Square | 1/10/2025 | 1432 | 1338 | 1379 |
| &nbsp;&nbsp;&nbsp; 8596996, 4.935%, 7/08/2026 †x¶ | Square | 1/10/2025 | 2780 | 2589 | 934 |
| &nbsp;&nbsp;&nbsp; 8597096, 5.031%, 7/08/2026 †x¶ | Square | 1/10/2025 | 2442 | 2271 | 1908 |
| &nbsp;&nbsp;&nbsp; 8597623, 4.935%, 7/08/2026 †x¶ | Square | 1/10/2025 | 2679 | 2499 | 1315 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6221** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8598028227, 22.000%, 8/19/2026 †x¥# | Stripe | 2/21/2025 | $33612 | $34957 | $6284 |
| &nbsp;&nbsp;&nbsp; 8598457, 4.718%, 7/08/2026 †§x¶ | Square | 1/10/2025 | 728 | 680 | 704 |
| &nbsp;&nbsp;&nbsp; 8598519, 6.093%, 7/08/2026 †x¶ | Square | 1/10/2025 | 533 | 488 | 387 |
| &nbsp;&nbsp;&nbsp; 8598690, 4.719%, 7/08/2026 †x¶ | Square | 1/10/2025 | 5219 | 4874 | 2917 |
| &nbsp;&nbsp;&nbsp; 8598789, 4.715%, 7/08/2026 †§x¶ | Square | 1/10/2025 | 1058 | 988 | 1029 |
| &nbsp;&nbsp;&nbsp; 8599110, 5.031%, 7/08/2026 †x¶ | Square | 1/10/2025 | 50369 | 46835 | 19591 |
| &nbsp;&nbsp;&nbsp; 8599551, 6.289%, 7/08/2026 †x¶# | Square | 1/10/2025 | 6797 | 6211 | 2093 |
| &nbsp;&nbsp;&nbsp; 8599756, 5.031%, 7/08/2026 †x¶ | Square | 1/10/2025 | 11028 | 10254 | 10027 |
| &nbsp;&nbsp;&nbsp; 8600055, 4.717%, 7/08/2026 †x¶ | Square | 1/10/2025 | 596 | 557 | 520 |
| &nbsp;&nbsp;&nbsp; 8602771, 6.458%, 7/09/2026 †§x¶ | Square | 1/13/2025 | 43 | 39 | 38 |
| &nbsp;&nbsp;&nbsp; 8602868, 6.289%, 7/09/2026 †x¶# | Square | 1/13/2025 | 518 | 473 | 162 |
| &nbsp;&nbsp;&nbsp; 8603015, 4.738%, 7/09/2026 †x¶ | Square | 1/13/2025 | 581 | 543 | 474 |
| &nbsp;&nbsp;&nbsp; 8603192, 4.716%, 7/09/2026 †x¶ | Square | 1/13/2025 | 1220 | 1140 | 1117 |
| &nbsp;&nbsp;&nbsp; 8603203, 5.346%, 7/09/2026 †x¶ | Square | 1/13/2025 | 658 | 609 | 571 |
| &nbsp;&nbsp;&nbsp; 8603528, 5.336%, 7/09/2026 †x¶ | Square | 1/13/2025 | 862 | 799 | 614 |
| &nbsp;&nbsp;&nbsp; 8603552, 6.447%, 7/09/2026 †§x¶ | Square | 1/13/2025 | 868 | 791 | 801 |
| &nbsp;&nbsp;&nbsp; 8603608, 5.606%, 7/09/2026 †x¶ | Square | 1/13/2025 | 1357 | 1252 | 1079 |
| &nbsp;&nbsp;&nbsp; 8603631, 5.346%, 7/09/2026 †§x¶ | Square | 1/13/2025 | 314 | 291 | 306 |
| &nbsp;&nbsp;&nbsp; 8605055, 4.712%, 7/09/2026 †x¶# | Square | 1/13/2025 | 2240 | 2092 | 166 |
| &nbsp;&nbsp;&nbsp; 8605065, 5.031%, 7/09/2026 †x¶ | Square | 1/13/2025 | 292 | 271 | 244 |
| &nbsp;&nbsp;&nbsp; 8605207, 6.449%, 7/09/2026 †x¶ | Square | 1/13/2025 | 5413 | 4936 | 2407 |
| &nbsp;&nbsp;&nbsp; 8605641, 4.717%, 7/09/2026 †x¶ | Square | 1/13/2025 | 35603 | 33250 | 27692 |
| &nbsp;&nbsp;&nbsp; 8606176, 6.447%, 7/10/2026 †x¶ | Square | 1/14/2025 | 324 | 296 | 190 |
| &nbsp;&nbsp;&nbsp; 8606403, 5.598%, 7/10/2026 †§x¶ | Square | 1/14/2025 | 448 | 413 | 414 |
| &nbsp;&nbsp;&nbsp; 8606587, 6.442%, 7/10/2026 †§x¶ | Square | 1/14/2025 | 94 | 86 | 86 |
| &nbsp;&nbsp;&nbsp; 8606675, 6.281%, 7/10/2026 †x¶# | Square | 1/14/2025 | 1231 | 1125 | 356 |
| &nbsp;&nbsp;&nbsp; 8606833780, 26.489%, 9/03/2026 †x¥# | Stripe | 3/10/2025 | 667 | 694 | 126 |
| &nbsp;&nbsp;&nbsp; 860735239, 16.000%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 14915 | 15512 | 15753 |
| &nbsp;&nbsp;&nbsp; 8607401132, 24.933%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 6000 | 6300 | 6300 |
| &nbsp;&nbsp;&nbsp; 8607614, 6.101%, 7/10/2026 †x¶ | Square | 1/14/2025 | 5620 | 5149 | 4679 |
| &nbsp;&nbsp;&nbsp; 8608651, 6.447%, 7/10/2026 †x¶ | Square | 1/14/2025 | 1485 | 1354 | 1070 |
| &nbsp;&nbsp;&nbsp; 8609139, 5.348%, 7/10/2026 †x¶ | Square | 1/14/2025 | 1514 | 1401 | 1383 |
| &nbsp;&nbsp;&nbsp; 8609320, 5.605%, 7/10/2026 †x¶ | Square | 1/14/2025 | 1758 | 1622 | 1323 |
| &nbsp;&nbsp;&nbsp; 8609411, 4.717%, 7/10/2026 †x¶ | Square | 1/14/2025 | 7358 | 6872 | 6886 |
| &nbsp;&nbsp;&nbsp; 8609459, 5.628%, 7/11/2026 †x¶# | Square | 1/15/2025 | 2568 | 2368 | 190 |
| &nbsp;&nbsp;&nbsp; 8609493, 5.031%, 7/11/2026 †x¶ | Square | 1/15/2025 | 2746 | 2553 | 2573 |
| &nbsp;&nbsp;&nbsp; 8609534, 4.719%, 7/11/2026 †x¶ | Square | 1/15/2025 | 3697 | 3452 | 2855 |
| &nbsp;&nbsp;&nbsp; 8609626, 5.912%, 7/11/2026 †x¶# | Square | 1/15/2025 | 11632 | 10684 | 861 |
| &nbsp;&nbsp;&nbsp; 8609701, 4.719%, 7/11/2026 †x¶ | Square | 1/15/2025 | 857 | 801 | 788 |
| &nbsp;&nbsp;&nbsp; 8609915, 4.721%, 7/11/2026 †x¶ | Square | 1/15/2025 | 2283 | 2132 | 2108 |
| &nbsp;&nbsp;&nbsp; 8609932, 4.717%, 7/11/2026 †x¶ | Square | 1/15/2025 | 10710 | 10002 | 8079 |
| &nbsp;&nbsp;&nbsp; 8610051, 5.596%, 7/11/2026 †§x¶ | Square | 1/15/2025 | 563 | 520 | 526 |
| &nbsp;&nbsp;&nbsp; 8610069, 4.717%, 7/11/2026 †x¶ | Square | 1/15/2025 | 13000 | 12141 | 10047 |
| &nbsp;&nbsp;&nbsp; 8610408, 4.717%, 7/12/2026 †x¶ | Square | 1/15/2025 | 4307 | 4022 | 3393 |
| &nbsp;&nbsp;&nbsp; 8610426, 6.107%, 7/12/2026 †x¶ | Square | 1/15/2025 | 779 | 714 | 651 |
| &nbsp;&nbsp;&nbsp; 8610432, 5.340%, 7/12/2026 †x¶ | Square | 1/15/2025 | 1358 | 1258 | 879 |
| &nbsp;&nbsp;&nbsp; 8610465, 6.089%, 7/12/2026 †x¶ | Square | 1/15/2025 | 534 | 490 | 455 |
| &nbsp;&nbsp;&nbsp; 8610582, 5.608%, 7/12/2026 †§x¶ | Square | 1/15/2025 | 370 | 341 | 326 |
| &nbsp;&nbsp;&nbsp; 8610718, 6.448%, 7/12/2026 †x¶ | Square | 1/15/2025 | 2346 | 2139 | 1419 |
| &nbsp;&nbsp;&nbsp; 8611400, 5.913%, 7/13/2026 †x¶ | Square | 1/15/2025 | 4009 | 3683 | 3639 |
| &nbsp;&nbsp;&nbsp; 8611499, 6.447%, 7/13/2026 †x¶# | Square | 1/15/2025 | 7466 | 6807 | 552 |
| &nbsp;&nbsp;&nbsp; 8612057, 6.429%, 7/13/2026 †x¶# | Square | 1/15/2025 | 394 | 359 | 29 |
| &nbsp;&nbsp;&nbsp; 8612196, 4.717%, 7/13/2026 †§x¶ | Square | 1/15/2025 | 1717 | 1604 | 1685 |
| &nbsp;&nbsp;&nbsp; 8612677, 5.031%, 7/13/2026 †x¶ | Square | 1/15/2025 | 9306 | 8653 | 6333 |
| &nbsp;&nbsp;&nbsp; 8612765243, 15.467%, 11/01/2026 †x¥# | Stripe | 3/07/2025 | 4514 | 4694 | 1760 |
| &nbsp;&nbsp;&nbsp; 8612946, 4.720%, 7/13/2026 †x¶ | Square | 1/15/2025 | 3184 | 2974 | 2856 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6222** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8613195, 5.912%, 7/13/2026 †x¶ | Square | 1/15/2025 | $1138 | $1047 | $609 |
| &nbsp;&nbsp;&nbsp; 8613323, 6.453%, 7/13/2026 †x¶# | Square | 1/15/2025 | 2511 | 2289 | 186 |
| &nbsp;&nbsp;&nbsp; 8613728, 5.031%, 7/13/2026 †§x¶ | Square | 1/15/2025 | 4120 | 3831 | 3995 |
| &nbsp;&nbsp;&nbsp; 8614625, 5.346%, 7/14/2026 †x¶ | Square | 1/16/2025 | 1695 | 1569 | 1618 |
| &nbsp;&nbsp;&nbsp; 8614760, 5.348%, 7/14/2026 †x¶ | Square | 1/16/2025 | 2469 | 2286 | 1785 |
| &nbsp;&nbsp;&nbsp; 8614806, 6.449%, 7/14/2026 †x¶# | Square | 1/16/2025 | 12740 | 11617 | 943 |
| &nbsp;&nbsp;&nbsp; 8615139, 5.047%, 7/14/2026 †x¶ | Square | 1/16/2025 | 577 | 537 | 485 |
| &nbsp;&nbsp;&nbsp; 8615578, 5.027%, 7/14/2026 †x¶ | Square | 1/16/2025 | 4080 | 3794 | 2773 |
| &nbsp;&nbsp;&nbsp; 8615921902, 20.398%, 8/03/2025 †x¥#^ | Stripe | 5/22/2023 | 623 | 648 | 31 |
| &nbsp;&nbsp;&nbsp; 8616176, 6.447%, 7/14/2026 †x¶# | Square | 1/16/2025 | 26680 | 24327 | 1974 |
| &nbsp;&nbsp;&nbsp; 8616280398, 26.513%, 1/08/2025 †x¥#^ | Stripe | 7/14/2023 | 1658 | 1724 | 83 |
| &nbsp;&nbsp;&nbsp; 8616390, 5.031%, 7/14/2026 †§x¶ | Square | 1/16/2025 | 33 | 31 | 32 |
| &nbsp;&nbsp;&nbsp; 8616466, 6.100%, 7/14/2026 †§x¶ | Square | 1/16/2025 | 3087 | 2828 | 2843 |
| &nbsp;&nbsp;&nbsp; 8616820, 5.912%, 7/14/2026 †x¶# | Square | 1/16/2025 | 9519 | 8744 | 704 |
| &nbsp;&nbsp;&nbsp; 8617256, 4.717%, 7/14/2026 †x¶ | Square | 1/16/2025 | 2056 | 1920 | 1669 |
| &nbsp;&nbsp;&nbsp; 8617420, 5.597%, 7/14/2026 †§x¶ | Square | 1/16/2025 | 8926 | 8235 | 8297 |
| &nbsp;&nbsp;&nbsp; 8617818, 6.447%, 7/14/2026 †§x¶ | Square | 1/16/2025 | 998 | 910 | 850 |
| &nbsp;&nbsp;&nbsp; 8617944, 4.717%, 7/14/2026 †x¶# | Square | 1/16/2025 | 10464 | 9773 | 774 |
| &nbsp;&nbsp;&nbsp; 8618081, 4.933%, 7/15/2026 †x¶# | Square | 1/17/2025 | 1090 | 1015 | 359 |
| &nbsp;&nbsp;&nbsp; 8618129, 6.449%, 7/15/2026 †x¶ | Square | 1/17/2025 | 7783 | 7097 | 1929 |
| &nbsp;&nbsp;&nbsp; 8618375, 4.717%, 7/15/2026 †x¶ | Square | 1/17/2025 | 16710 | 15606 | 13121 |
| &nbsp;&nbsp;&nbsp; 8618849, 4.720%, 7/15/2026 †x¶ | Square | 1/17/2025 | 2572 | 2402 | 2412 |
| &nbsp;&nbsp;&nbsp; 8618975, 4.714%, 7/15/2026 †x¶ | Square | 1/17/2025 | 1853 | 1730 | 1413 |
| &nbsp;&nbsp;&nbsp; 8619002, 6.447%, 7/15/2026 †x¶# | Square | 1/17/2025 | 14235 | 12980 | 1053 |
| &nbsp;&nbsp;&nbsp; 8619322, 6.289%, 7/15/2026 †x¶# | Square | 1/17/2025 | 546 | 499 | 40 |
| &nbsp;&nbsp;&nbsp; 8621058, 5.031%, 7/15/2026 †x¶# | Square | 1/17/2025 | 10489 | 9753 | 4749 |
| &nbsp;&nbsp;&nbsp; 8625640, 6.478%, 7/16/2026 †x¶ | Square | 1/21/2025 | 301 | 274 | 159 |
| &nbsp;&nbsp;&nbsp; 8626753, 6.450%, 7/16/2026 †x¶# | Square | 1/21/2025 | 1817 | 1656 | 430 |
| &nbsp;&nbsp;&nbsp; 8627355, 5.031%, 7/16/2026 †x¶# | Square | 1/21/2025 | 9006 | 8375 | 666 |
| &nbsp;&nbsp;&nbsp; 8627927, 6.468%, 7/16/2026 †§x¶ | Square | 1/21/2025 | 181 | 165 | 165 |
| &nbsp;&nbsp;&nbsp; 8627951, 4.718%, 7/16/2026 †x¶ | Square | 1/21/2025 | 18824 | 17580 | 16873 |
| &nbsp;&nbsp;&nbsp; 8628547, 6.451%, 7/17/2026 †x¶ | Square | 1/22/2025 | 1263 | 1152 | 382 |
| &nbsp;&nbsp;&nbsp; 8628630, 5.351%, 7/17/2026 †x¶# | Square | 1/22/2025 | 2995 | 2773 | 222 |
| &nbsp;&nbsp;&nbsp; 8629611, 5.342%, 7/17/2026 †x¶ | Square | 1/22/2025 | 1901 | 1760 | 1552 |
| &nbsp;&nbsp;&nbsp; 8629646, 5.031%, 7/17/2026 †x¶ | Square | 1/22/2025 | 6026 | 5606 | 2106 |
| &nbsp;&nbsp;&nbsp; 8629738, 4.715%, 7/17/2026 †x¶ | Square | 1/22/2025 | 1307 | 1221 | 1222 |
| &nbsp;&nbsp;&nbsp; 8630930, 6.289%, 7/17/2026 †x¶# | Square | 1/22/2025 | 32354 | 29566 | 10161 |
| &nbsp;&nbsp;&nbsp; 8631153820, 19.863%, 9/05/2023 †x¥#^ | Stripe | 3/10/2022 | 2698 | 2805 | 135 |
| &nbsp;&nbsp;&nbsp; 8631830, 6.101%, 7/17/2026 †x¶ | Square | 1/22/2025 | 11574 | 10604 | 8322 |
| &nbsp;&nbsp;&nbsp; 8631949, 5.031%, 7/18/2026 †x¶# | Square | 1/23/2025 | 3129 | 2910 | 232 |
| &nbsp;&nbsp;&nbsp; 8632076, 6.453%, 7/18/2026 †§x¶ | Square | 1/23/2025 | 114 | 104 | 97 |
| &nbsp;&nbsp;&nbsp; 8632138, 6.449%, 7/18/2026 †x¶# | Square | 1/23/2025 | 7725 | 7043 | 572 |
| &nbsp;&nbsp;&nbsp; 8632310, 4.901%, 7/18/2026 †x¶# | Square | 1/23/2025 | 660 | 615 | 49 |
| &nbsp;&nbsp;&nbsp; 8632599, 6.443%, 7/19/2026 †x¶ | Square | 1/23/2025 | 4079 | 3720 | 2214 |
| &nbsp;&nbsp;&nbsp; 8632612, 5.599%, 7/19/2026 †x¶# | Square | 1/23/2025 | 2326 | 2146 | 172 |
| &nbsp;&nbsp;&nbsp; 8632693, 6.107%, 7/19/2026 †x¶# | Square | 1/23/2025 | 2015 | 1846 | 149 |
| &nbsp;&nbsp;&nbsp; 8632805, 5.031%, 7/19/2026 †x¶ | Square | 1/23/2025 | 1138 | 1058 | 993 |
| &nbsp;&nbsp;&nbsp; 8633360, 4.941%, 7/20/2026 †x¶# | Square | 1/23/2025 | 789 | 735 | 58 |
| &nbsp;&nbsp;&nbsp; 8633476, 5.597%, 7/20/2026 †x¶# | Square | 1/23/2025 | 31645 | 29197 | 17450 |
| &nbsp;&nbsp;&nbsp; 8633533, 6.455%, 7/20/2026 †x¶ | Square | 1/23/2025 | 1128 | 1028 | 593 |
| &nbsp;&nbsp;&nbsp; 8633536, 5.348%, 7/20/2026 †x¶ | Square | 1/23/2025 | 6263 | 5797 | 3804 |
| &nbsp;&nbsp;&nbsp; 8633602, 6.452%, 7/20/2026 †§x¶ | Square | 1/23/2025 | 88 | 80 | 75 |
| &nbsp;&nbsp;&nbsp; 8633803, 5.031%, 7/20/2026 †§x¶ | Square | 1/23/2025 | 77 | 72 | 74 |
| &nbsp;&nbsp;&nbsp; 8633804, 6.110%, 7/20/2026 †x¶ | Square | 1/23/2025 | 1047 | 959 | 712 |
| &nbsp;&nbsp;&nbsp; 8634034, 6.440%, 7/21/2026 †x¶ | Square | 1/23/2025 | 969 | 883 | 281 |
| &nbsp;&nbsp;&nbsp; 8634548, 4.718%, 7/21/2026 †x¶ | Square | 1/23/2025 | 2721 | 2542 | 2096 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6223** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8634945, 6.447%, 7/21/2026 †x¶# | Square | 1/23/2025 | $19262 | $17760 | $1425 |
| &nbsp;&nbsp;&nbsp; 8635204, 4.717%, 7/21/2026 †x¶ | Square | 1/23/2025 | 8405 | 7849 | 6873 |
| &nbsp;&nbsp;&nbsp; 8636447, 4.714%, 7/21/2026 †x¶ | Square | 1/23/2025 | 2498 | 2333 | 1794 |
| &nbsp;&nbsp;&nbsp; 8636574, 5.019%, 7/21/2026 †x¶ | Square | 1/23/2025 | 418 | 389 | 376 |
| &nbsp;&nbsp;&nbsp; 8636583, 6.096%, 7/21/2026 †x¶# | Square | 1/23/2025 | 3961 | 3629 | 1153 |
| &nbsp;&nbsp;&nbsp; 8636663, 5.340%, 7/21/2026 †x¶ | Square | 1/23/2025 | 1771 | 1640 | 1349 |
| &nbsp;&nbsp;&nbsp; 8636765, 5.347%, 7/21/2026 †x¶# | Square | 1/23/2025 | 12671 | 11730 | 938 |
| &nbsp;&nbsp;&nbsp; 8637232, 4.720%, 7/21/2026 †x¶ | Square | 1/23/2025 | 1327 | 1240 | 1281 |
| &nbsp;&nbsp;&nbsp; 8637316, 6.451%, 7/21/2026 †x¶# | Square | 1/23/2025 | 2105 | 1919 | 1301 |
| &nbsp;&nbsp;&nbsp; 8637476, 6.447%, 7/22/2026 †x¶# | Square | 1/24/2025 | 23254 | 21203 | 1721 |
| &nbsp;&nbsp;&nbsp; 8637796, 6.101%, 7/22/2026 †x¶ | Square | 1/24/2025 | 13581 | 12443 | 9515 |
| &nbsp;&nbsp;&nbsp; 8637861, 4.718%, 7/22/2026 †x¶ | Square | 1/24/2025 | 7897 | 7375 | 4435 |
| &nbsp;&nbsp;&nbsp; 8638065, 6.298%, 7/22/2026 †x¶ | Square | 1/24/2025 | 1043 | 953 | 487 |
| &nbsp;&nbsp;&nbsp; 8638690, 5.027%, 7/22/2026 †x¶ | Square | 1/24/2025 | 1025 | 953 | 537 |
| &nbsp;&nbsp;&nbsp; 8638692, 5.585%, 7/22/2026 †§x¶ | Square | 1/24/2025 | 35 | 33 | 34 |
| &nbsp;&nbsp;&nbsp; 8638972, 6.447%, 7/22/2026 †x¶# | Square | 1/24/2025 | 411 | 375 | 338 |
| &nbsp;&nbsp;&nbsp; 8639268, 6.082%, 7/22/2026 †x¶# | Square | 1/24/2025 | 1400 | 1283 | 381 |
| &nbsp;&nbsp;&nbsp; 8639361, 6.447%, 7/22/2026 †x¶# | Square | 1/24/2025 | 20386 | 18589 | 1509 |
| &nbsp;&nbsp;&nbsp; 8639435, 5.031%, 7/22/2026 †x¶ | Square | 1/24/2025 | 2779 | 2584 | 951 |
| &nbsp;&nbsp;&nbsp; 8639642, 6.093%, 7/22/2026 †§x¶ | Square | 1/24/2025 | 165 | 186 | 153 |
| &nbsp;&nbsp;&nbsp; 8639732258, 18.400%, 8/09/2024 †x¥#^ | Stripe | 2/14/2023 | 1709 | 1778 | 85 |
| &nbsp;&nbsp;&nbsp; 8640043, 5.914%, 7/22/2026 †x¶# | Square | 1/24/2025 | 4689 | 4307 | 2992 |
| &nbsp;&nbsp;&nbsp; 8640393, 5.343%, 7/22/2026 †x¶# | Square | 1/24/2025 | 1760 | 1630 | 618 |
| &nbsp;&nbsp;&nbsp; 8640506, 5.597%, 7/22/2026 †x¶# | Square | 1/24/2025 | 76069 | 70177 | 5629 |
| &nbsp;&nbsp;&nbsp; 8643089, 5.031%, 7/23/2026 †x¶ | Square | 1/27/2025 | 17315 | 16099 | 5731 |
| &nbsp;&nbsp;&nbsp; 8643345, 6.447%, 7/23/2026 †x¶# | Square | 1/27/2025 | 1354 | 1235 | 416 |
| &nbsp;&nbsp;&nbsp; 8643682, 5.347%, 7/23/2026 †x¶# | Square | 1/27/2025 | 5354 | 4957 | 1597 |
| &nbsp;&nbsp;&nbsp; 8643724, 5.031%, 7/23/2026 †x¶ | Square | 1/27/2025 | 13454 | 12510 | 10651 |
| &nbsp;&nbsp;&nbsp; 8643936497, 25.592%, 12/31/2026 †x¥ | Stripe | 7/08/2025 | 83 | 86 | 89 |
| &nbsp;&nbsp;&nbsp; 8644136, 4.717%, 7/23/2026 †x¶ | Square | 1/27/2025 | 6575 | 6141 | 5923 |
| &nbsp;&nbsp;&nbsp; 8644205, 4.717%, 7/23/2026 †x¶ | Square | 1/27/2025 | 876 | 818 | 747 |
| &nbsp;&nbsp;&nbsp; 8644454, 5.608%, 7/23/2026 †x¶# | Square | 1/27/2025 | 786 | 725 | 548 |
| &nbsp;&nbsp;&nbsp; 8644489, 6.445%, 7/23/2026 †x¶# | Square | 1/27/2025 | 10382 | 9468 | 768 |
| &nbsp;&nbsp;&nbsp; 8644853, 4.718%, 7/23/2026 †x¶ | Square | 1/27/2025 | 7703 | 7194 | 5731 |
| &nbsp;&nbsp;&nbsp; 8645177, 4.716%, 7/23/2026 †§x¶ | Square | 1/27/2025 | 405 | 379 | 399 |
| &nbsp;&nbsp;&nbsp; 8645443, 5.031%, 7/23/2026 †x¶ | Square | 1/27/2025 | 10877 | 10113 | 5356 |
| &nbsp;&nbsp;&nbsp; 8645657042, 20.775%, 4/02/2024 †x¥#^ | Stripe | 10/06/2022 | 1133 | 1178 | 57 |
| &nbsp;&nbsp;&nbsp; 8645744, 6.122%, 7/23/2026 †x¶ | Square | 1/27/2025 | 301 | 275 | 281 |
| &nbsp;&nbsp;&nbsp; 8645753, 6.102%, 7/23/2026 †x¶ | Square | 1/27/2025 | 5278 | 4836 | 4569 |
| &nbsp;&nbsp;&nbsp; 8646220, 5.597%, 7/23/2026 †x¶ | Square | 1/27/2025 | 22612 | 20860 | 8851 |
| &nbsp;&nbsp;&nbsp; 8646663, 5.598%, 7/23/2026 †x¶# | Square | 1/27/2025 | 4855 | 4479 | 1951 |
| &nbsp;&nbsp;&nbsp; 8647665, 4.717%, 7/24/2026 †x¶ | Square | 1/28/2025 | 3040 | 2839 | 2651 |
| &nbsp;&nbsp;&nbsp; 8647985, 5.347%, 7/24/2026 †§x¶ | Square | 1/28/2025 | 309 | 286 | 302 |
| &nbsp;&nbsp;&nbsp; 8648014130, 26.111%, 3/14/2026 †x¥# | Stripe | 9/18/2024 | 474 | 493 | 90 |
| &nbsp;&nbsp;&nbsp; 8648145, 4.723%, 7/24/2026 †x¶ | Square | 1/28/2025 | 1736 | 1621 | 1271 |
| &nbsp;&nbsp;&nbsp; 8648207, 5.349%, 7/24/2026 †x¶ | Square | 1/28/2025 | 1648 | 1526 | 1188 |
| &nbsp;&nbsp;&nbsp; 8648619, 4.938%, 7/24/2026 †x¶# | Square | 1/28/2025 | 15133 | 14089 | 1120 |
| &nbsp;&nbsp;&nbsp; 8650225, 6.081%, 7/24/2026 †x¶ | Square | 1/28/2025 | 693 | 635 | 329 |
| &nbsp;&nbsp;&nbsp; 8650819, 4.717%, 7/25/2026 †§x¶ | Square | 1/29/2025 | 745 | 695 | 735 |
| &nbsp;&nbsp;&nbsp; 8650843, 4.943%, 7/25/2026 †x¶# | Square | 1/29/2025 | 3479 | 3239 | 875 |
| &nbsp;&nbsp;&nbsp; 8650859, 5.031%, 7/25/2026 †§x¶ | Square | 1/29/2025 | 1694 | 1575 | 1634 |
| &nbsp;&nbsp;&nbsp; 8650908, 5.598%, 7/25/2026 †§x¶ | Square | 1/29/2025 | 2681 | 2473 | 2559 |
| &nbsp;&nbsp;&nbsp; 8651140, 5.975%, 7/25/2026 †x¶ | Square | 1/29/2025 | 150 | 138 | 77 |
| &nbsp;&nbsp;&nbsp; 8651313, 4.718%, 7/25/2026 †x¶ | Square | 1/29/2025 | 9033 | 8436 | 8484 |
| &nbsp;&nbsp;&nbsp; 8651972, 5.601%, 7/26/2026 †x¶# | Square | 1/29/2025 | 6281 | 5795 | 465 |
| &nbsp;&nbsp;&nbsp; 8651992, 4.713%, 7/26/2026 †x¶ | Square | 1/29/2025 | 2553 | 2384 | 2008 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6224** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8652371, 4.719%, 7/26/2026 †§x¶ | Square | 1/29/2025 | $255 | $239 | $252 |
| &nbsp;&nbsp;&nbsp; 8652538, 6.447%, 7/27/2026 †§x¶ | Square | 1/29/2025 | 215 | 197 | 201 |
| &nbsp;&nbsp;&nbsp; 8653431, 6.440%, 7/27/2026 †x¶# | Square | 1/29/2025 | 844 | 769 | 174 |
| &nbsp;&nbsp;&nbsp; 8653510, 5.913%, 7/27/2026 †x¶# | Square | 1/29/2025 | 664 | 610 | 488 |
| &nbsp;&nbsp;&nbsp; 8653872, 4.722%, 7/27/2026 †§x¶ | Square | 1/29/2025 | 391 | 365 | 382 |
| &nbsp;&nbsp;&nbsp; 8654113741, 22.000%, 4/13/2027 †x¥# | Stripe | 3/18/2025 | 19743 | 20532 | 3639 |
| &nbsp;&nbsp;&nbsp; 8654224, 4.715%, 7/27/2026 †§x¶ | Square | 1/29/2025 | 208 | 250 | 205 |
| &nbsp;&nbsp;&nbsp; 8654251, 5.912%, 7/27/2026 †x¶ | Square | 1/29/2025 | 2735 | 2512 | 1751 |
| &nbsp;&nbsp;&nbsp; 8654726, 4.720%, 7/27/2026 †x¶ | Square | 1/29/2025 | 3105 | 2900 | 2973 |
| &nbsp;&nbsp;&nbsp; 8654756, 6.441%, 7/27/2026 †x¶ | Square | 1/29/2025 | 712 | 650 | 413 |
| &nbsp;&nbsp;&nbsp; 8654780, 4.723%, 7/27/2026 †x¶ | Square | 1/29/2025 | 2360 | 2204 | 1873 |
| &nbsp;&nbsp;&nbsp; 8655010244, 18.133%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 2018 | 2099 | 2131 |
| &nbsp;&nbsp;&nbsp; 8655140177, 26.533%, 10/15/2024 †x¥#^ | Stripe | 4/20/2023 | 348 | 362 | 17 |
| &nbsp;&nbsp;&nbsp; 8655223, 5.600%, 7/27/2026 †§x¶ | Square | 1/29/2025 | 277 | 255 | 267 |
| &nbsp;&nbsp;&nbsp; 8655273, 4.719%, 7/27/2026 †x¶ | Square | 1/29/2025 | 2099 | 1961 | 1891 |
| &nbsp;&nbsp;&nbsp; 8655313, 6.103%, 7/27/2026 †x¶# | Square | 1/29/2025 | 1882 | 1724 | 618 |
| &nbsp;&nbsp;&nbsp; 8655320, 5.904%, 7/27/2026 †x¶ | Square | 1/29/2025 | 1695 | 1558 | 701 |
| &nbsp;&nbsp;&nbsp; 8655665, 4.709%, 7/27/2026 †x¶ | Square | 1/29/2025 | 1008 | 942 | 786 |
| &nbsp;&nbsp;&nbsp; 8655776, 5.348%, 7/27/2026 †x¶ | Square | 1/29/2025 | 2020 | 1870 | 1887 |
| &nbsp;&nbsp;&nbsp; 8655994, 5.031%, 7/27/2026 †x¶ | Square | 1/29/2025 | 1245 | 1157 | 989 |
| &nbsp;&nbsp;&nbsp; 8656337, 5.031%, 7/27/2026 †x¶ | Square | 1/29/2025 | 5592 | 5200 | 3016 |
| &nbsp;&nbsp;&nbsp; 8656585753, 26.424%, 10/29/2026 †x¥ | Stripe | 5/05/2025 | 442 | 460 | 468 |
| &nbsp;&nbsp;&nbsp; 8656780, 4.717%, 7/28/2026 †§x¶ | Square | 1/30/2025 | 4990 | 4696 | 4887 |
| &nbsp;&nbsp;&nbsp; 8657128, 4.719%, 7/28/2026 †x¶ | Square | 1/30/2025 | 3773 | 3525 | 3626 |
| &nbsp;&nbsp;&nbsp; 8657325, 5.603%, 7/28/2026 †x¶ | Square | 1/30/2025 | 1068 | 985 | 722 |
| &nbsp;&nbsp;&nbsp; 86583736-0cb3-43f3-97e9-8ba570fce8e4, 25.490%, 2/03/2022 †x#^ | Funding Circle | 8/06/2018 | 12000 | 12000 | 3600 |
| &nbsp;&nbsp;&nbsp; 8658901, 5.337%, 7/28/2026 †x¶ | Square | 1/30/2025 | 1297 | 1201 | 850 |
| &nbsp;&nbsp;&nbsp; 8659020, 5.346%, 7/28/2026 †§x¶ | Square | 1/30/2025 | 1067 | 988 | 1021 |
| &nbsp;&nbsp;&nbsp; 8660187270, 25.333%, 1/17/2024 †x¥#^ | Stripe | 7/22/2022 | 551 | 573 | 28 |
| &nbsp;&nbsp;&nbsp; 8660243, 5.346%, 7/28/2026 †x¶# | Square | 1/30/2025 | 15131 | 14008 | 8553 |
| &nbsp;&nbsp;&nbsp; 8660535, 4.944%, 7/28/2026 †x¶ | Square | 1/30/2025 | 1340 | 1247 | 733 |
| &nbsp;&nbsp;&nbsp; 8660899443, 24.000%, 5/30/2023 †x¥#^ | Stripe | 12/02/2021 | 761 | 791 | 38 |
| &nbsp;&nbsp;&nbsp; 8661124, 5.927%, 7/28/2026 †§x¶ | Square | 1/30/2025 | 300 | 276 | 283 |
| &nbsp;&nbsp;&nbsp; 8661640, 6.099%, 7/28/2026 †x¶# | Square | 1/30/2025 | 4381 | 4014 | 324 |
| &nbsp;&nbsp;&nbsp; 8662300, 5.600%, 7/29/2026 †x¶ | Square | 1/31/2025 | 1191 | 1099 | 1106 |
| &nbsp;&nbsp;&nbsp; 8662380, 4.716%, 7/29/2026 †x¶# | Square | 1/31/2025 | 1164 | 1087 | 791 |
| &nbsp;&nbsp;&nbsp; 8663317, 5.916%, 7/29/2026 †x¶ | Square | 1/31/2025 | 2403 | 2207 | 1373 |
| &nbsp;&nbsp;&nbsp; 8663708, 5.911%, 7/29/2026 †x¶# | Square | 1/31/2025 | 5207 | 4783 | 2994 |
| &nbsp;&nbsp;&nbsp; 8663830, 4.717%, 7/29/2026 †x¶ | Square | 1/31/2025 | 5183 | 4841 | 4115 |
| &nbsp;&nbsp;&nbsp; 8663857, 6.101%, 7/29/2026 †x¶# | Square | 1/31/2025 | 28429 | 26046 | 2104 |
| &nbsp;&nbsp;&nbsp; 8665876, 6.465%, 7/29/2026 †x¶# | Square | 1/31/2025 | 409 | 373 | 334 |
| &nbsp;&nbsp;&nbsp; 8665960, 6.442%, 7/29/2026 †§x¶ | Square | 1/31/2025 | 384 | 351 | 255 |
| &nbsp;&nbsp;&nbsp; 8665998, 5.031%, 7/29/2026 †x¶# | Square | 1/31/2025 | 3060 | 2845 | 2814 |
| &nbsp;&nbsp;&nbsp; 8666554, 5.601%, 7/29/2026 †§x¶ | Square | 1/31/2025 | 116 | 107 | 113 |
| &nbsp;&nbsp;&nbsp; 8668083144, 19.333%, 9/02/2026 †x¥ | Stripe | 3/07/2025 | 27824 | 28937 | 29611 |
| &nbsp;&nbsp;&nbsp; 8673820731, 19.195%, 4/01/2023 †x¥#^ | Stripe | 10/06/2021 | 3225 | 3354 | 161 |
| &nbsp;&nbsp;&nbsp; 8678228213, 19.333%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 19669 | 20652 | 20656 |
| &nbsp;&nbsp;&nbsp; 867882833, 20.230%, 1/03/2025 †x¥#^ | Stripe | 7/11/2023 | 323 | 336 | 16 |
| &nbsp;&nbsp;&nbsp; 8678850815, 25.333%, 10/03/2024 †x¥#^ | Stripe | 4/10/2023 | 1344 | 1397 | 67 |
| &nbsp;&nbsp;&nbsp; 8679144153, 14.933%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 497 | 517 | 528 |
| &nbsp;&nbsp;&nbsp; 8679924423, 25.600%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 456 | 474 | 485 |
| &nbsp;&nbsp;&nbsp; 868318181, 25.973%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 2022 | 2123 | 2135 |
| &nbsp;&nbsp;&nbsp; 8684657469, 24.657%, 3/25/2025 †x¥#^ | Stripe | 9/28/2023 | 391 | 406 | 20 |
| &nbsp;&nbsp;&nbsp; 8690174502, 26.533%, 3/13/2027 †x¥ | Stripe | 9/17/2025 | 5242 | 5451 | 5497 |
| &nbsp;&nbsp;&nbsp; 8691811820, 13.333%, 8/16/2024 †x¥#^ | Stripe | 2/22/2023 | 31148 | 32394 | 1557 |
| &nbsp;&nbsp;&nbsp; 8692866414, 14.782%, 7/13/2023 †x¥#^ | Stripe | 1/18/2022 | 2462 | 2561 | 123 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6225** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8695984029, 26.122%, 6/24/2026 †x¥ | Stripe | 12/30/2024 | $1202 | $1250 | $1292 |
| &nbsp;&nbsp;&nbsp; 8696298127, 18.667%, 7/22/2023 †x¥#^ | Stripe | 1/26/2022 | 397 | 413 | 20 |
| &nbsp;&nbsp;&nbsp; 8698790207, 20.364%, 12/16/2026 †x¥# | Stripe | 6/23/2025 | 1753 | 1824 | 324 |
| &nbsp;&nbsp;&nbsp; 8699315923, 20.000%, 9/04/2026 †x¥ | Stripe | 3/11/2025 | 176 | 183 | 189 |
| &nbsp;&nbsp;&nbsp; 8700217457, 19.456%, 10/07/2023 †x¥#^ | Stripe | 4/13/2022 | 4085 | 4249 | 204 |
| &nbsp;&nbsp;&nbsp; 8703798583, 20.348%, 3/12/2027 †x¥ | Stripe | 9/16/2025 | 880 | 916 | 930 |
| &nbsp;&nbsp;&nbsp; 8705575312, 26.515%, 8/22/2026 †x¥ | Stripe | 2/26/2025 | 557 | 579 | 598 |
| &nbsp;&nbsp;&nbsp; 8706420476, 26.508%, 7/17/2026 †x¥ | Stripe | 1/22/2025 | 487 | 507 | 520 |
| &nbsp;&nbsp;&nbsp; 8706532816, 25.975%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 2525 | 2652 | 2655 |
| &nbsp;&nbsp;&nbsp; 8708079418, 26.083%, 6/12/2026 †x¥ | Stripe | 12/17/2024 | 356 | 370 | 380 |
| &nbsp;&nbsp;&nbsp; 8713259939, 21.997%, 8/28/2026 †x¥ | Stripe | 3/04/2025 | 4528 | 4710 | 4825 |
| &nbsp;&nbsp;&nbsp; 8713678150, 26.513%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 2007 | 2107 | 2117 |
| &nbsp;&nbsp;&nbsp; 8713971753, 13.064%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 2792 | 2904 | 2940 |
| &nbsp;&nbsp;&nbsp; 8716153671, 17.598%, 8/19/2025 †x¥#^ | Stripe | 6/16/2023 | 1819 | 1891 | 91 |
| &nbsp;&nbsp;&nbsp; 8718000079, 21.333%, 11/01/2024 †x¥#^ | Stripe | 5/09/2023 | 3815 | 3967 | 191 |
| &nbsp;&nbsp;&nbsp; 8718994640, 17.333%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 20501 | 21526 | 21557 |
| &nbsp;&nbsp;&nbsp; 872244934, 14.798%, 9/10/2026 †x¥# | Stripe | 3/17/2025 | 22820 | 23733 | 8883 |
| &nbsp;&nbsp;&nbsp; 8728106430, 22.000%, 8/14/2026 †x¥# | Stripe | 2/19/2025 | 3984 | 4143 | 1107 |
| &nbsp;&nbsp;&nbsp; 8730587724, 26.529%, 1/15/2026 †x¥#^ | Stripe | 7/22/2024 | 18855 | 19609 | 943 |
| &nbsp;&nbsp;&nbsp; 8731186210, 21.196%, 4/04/2025 †x¥#^ | Stripe | 10/11/2023 | 22928 | 23845 | 1146 |
| &nbsp;&nbsp;&nbsp; 8733949828, 26.525%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 4667 | 4900 | 4900 |
| &nbsp;&nbsp;&nbsp; 87355610, 18.919%, 9/15/2023 †x¥#^ | Stripe | 3/22/2022 | 491 | 511 | 25 |
| &nbsp;&nbsp;&nbsp; 8738853772, 25.723%, 12/13/2025 †x¥#^ | Stripe | 6/20/2024 | 1954 | 2032 | 98 |
| &nbsp;&nbsp;&nbsp; 8740184903, 22.902%, 10/27/2023 †x¥#^ | Stripe | 5/03/2022 | 1309 | 1361 | 65 |
| &nbsp;&nbsp;&nbsp; 8743979148, 24.000%, 11/15/2023 †x¥#^ | Stripe | 5/20/2022 | 1167 | 1213 | 58 |
| &nbsp;&nbsp;&nbsp; 8746312767, 20.797%, 7/10/2024 †x¥#^ | Stripe | 1/13/2023 | 20717 | 21545 | 1036 |
| &nbsp;&nbsp;&nbsp; 8746639143, 25.867%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 232 | 242 | 252 |
| &nbsp;&nbsp;&nbsp; 8752074677, 25.333%, 3/28/2024 †x¥#^ | Stripe | 10/03/2022 | 1458 | 1516 | 73 |
| &nbsp;&nbsp;&nbsp; 8752312950, 21.179%, 12/03/2024 †x¥#^ | Stripe | 6/08/2023 | 1042 | 1084 | 52 |
| &nbsp;&nbsp;&nbsp; 8765756796, 21.333%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 467 | 486 | 23 |
| &nbsp;&nbsp;&nbsp; 8766639586, 22.267%, 5/22/2026 †x¥# | Stripe | 3/21/2024 | 9475 | 9854 | 474 |
| &nbsp;&nbsp;&nbsp; 8767378402, 20.400%, 2/04/2027 †x¥ | Stripe | 8/11/2025 | 3496 | 3636 | 3686 |
| &nbsp;&nbsp;&nbsp; 8770312026, 18.397%, 5/11/2026 †x¥# | Stripe | 9/16/2024 | 1275 | 1326 | 505 |
| &nbsp;&nbsp;&nbsp; 8772013615, 25.867%, 2/14/2025 †x¥#^ | Stripe | 8/22/2023 | 592 | 616 | 30 |
| &nbsp;&nbsp;&nbsp; 8774029723, 23.600%, 5/29/2025 †x¥#^ | Stripe | 12/04/2023 | 20461 | 21279 | 1023 |
| &nbsp;&nbsp;&nbsp; 877788692, 26.122%, 4/28/2026 †x¥ | Stripe | 10/31/2024 | 846 | 879 | 906 |
| &nbsp;&nbsp;&nbsp; 8779254694, 26.126%, 9/30/2026 †x¥ | Stripe | 4/04/2025 | 3742 | 3892 | 3985 |
| &nbsp;&nbsp;&nbsp; 8780388759, 17.333%, 11/05/2023 †x¥#^ | Stripe | 3/11/2022 | 34104 | 35468 | 1705 |
| &nbsp;&nbsp;&nbsp; 8781074061, 22.000%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 7297 | 7589 | 365 |
| &nbsp;&nbsp;&nbsp; 8790849847, 20.133%, 4/16/2024 †x¥#^ | Stripe | 10/20/2022 | 18384 | 19120 | 919 |
| &nbsp;&nbsp;&nbsp; 8795981371, 26.533%, 2/03/2026 †x¥#^ | Stripe | 8/08/2024 | 12747 | 13257 | 637 |
| &nbsp;&nbsp;&nbsp; 8802365001, 25.329%, 1/03/2024 †x¥#^ | Stripe | 7/08/2022 | 9107 | 9471 | 455 |
| &nbsp;&nbsp;&nbsp; 8806723, 6.448%, 9/06/2026 †x¶# | Square | 3/10/2025 | 3904 | 3560 | 289 |
| &nbsp;&nbsp;&nbsp; 8806901, 5.911%, 9/06/2026 †x¶# | Square | 3/10/2025 | 11490 | 10554 | 7308 |
| &nbsp;&nbsp;&nbsp; 8807372, 4.725%, 9/06/2026 †§x¶ | Square | 3/10/2025 | 430 | 402 | 413 |
| &nbsp;&nbsp;&nbsp; 8807391, 5.031%, 9/06/2026 †x¶ | Square | 3/10/2025 | 947 | 880 | 741 |
| &nbsp;&nbsp;&nbsp; 8807911, 6.289%, 9/06/2026 †x¶# | Square | 3/10/2025 | 5435 | 4966 | 1925 |
| &nbsp;&nbsp;&nbsp; 8808194, 5.037%, 9/06/2026 †x¶ | Square | 3/10/2025 | 2930 | 2724 | 1870 |
| &nbsp;&nbsp;&nbsp; 8808554, 4.720%, 9/06/2026 †§x¶ | Square | 3/10/2025 | 312 | 292 | 309 |
| &nbsp;&nbsp;&nbsp; 8809073, 4.717%, 9/06/2026 †x¶ | Square | 3/10/2025 | 2638 | 2464 | 2368 |
| &nbsp;&nbsp;&nbsp; 8809202, 5.031%, 9/06/2026 †x¶ | Square | 3/10/2025 | 9103 | 8464 | 7713 |
| &nbsp;&nbsp;&nbsp; 8809320, 6.447%, 9/06/2026 †x¶# | Square | 3/10/2025 | 2325 | 2120 | 172 |
| &nbsp;&nbsp;&nbsp; 8809817, 4.716%, 9/06/2026 †§x¶ | Square | 3/10/2025 | 1322 | 1236 | 1263 |
| &nbsp;&nbsp;&nbsp; 8810267, 6.415%, 9/06/2026 †x¶ | Square | 3/10/2025 | 221 | 201 | 117 |
| &nbsp;&nbsp;&nbsp; 8810362, 4.719%, 9/06/2026 †x¶ | Square | 3/10/2025 | 5996 | 5599 | 5555 |
| &nbsp;&nbsp;&nbsp; 8810431715, 22.242%, 8/23/2024 †x¥#^ | Stripe | 2/28/2023 | 1422 | 1479 | 71 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6226** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8810563, 5.027%, 9/06/2026 †§x¶ | Square | 3/10/2025 | $881 | $819 | $834 |
| &nbsp;&nbsp;&nbsp; 8810577, 4.708%, 9/06/2026 †§x¶ | Square | 3/10/2025 | 951 | 888 | 906 |
| &nbsp;&nbsp;&nbsp; 8810806, 5.914%, 9/07/2026 †x¶# | Square | 3/11/2025 | 1538 | 1413 | 394 |
| &nbsp;&nbsp;&nbsp; 8810839, 5.348%, 9/07/2026 †§x¶ | Square | 3/11/2025 | 1954 | 1822 | 1908 |
| &nbsp;&nbsp;&nbsp; 8810906103, 25.600%, 12/29/2026 †x¥ | Stripe | 7/03/2025 | 193 | 201 | 206 |
| &nbsp;&nbsp;&nbsp; 8811346, 6.101%, 9/07/2026 †x¶# | Square | 3/11/2025 | 29516 | 27042 | 2184 |
| &nbsp;&nbsp;&nbsp; 8811943, 6.437%, 9/07/2026 †x¶# | Square | 3/11/2025 | 1505 | 1373 | 111 |
| &nbsp;&nbsp;&nbsp; 8811981, 4.716%, 9/07/2026 †x¶ | Square | 3/11/2025 | 7590 | 7088 | 5756 |
| &nbsp;&nbsp;&nbsp; 8812261, 6.447%, 9/07/2026 †x¶# | Square | 3/11/2025 | 27450 | 25169 | 2031 |
| &nbsp;&nbsp;&nbsp; 8812883597, 19.457%, 3/11/2025 †x¥#^ | Stripe | 12/21/2022 | 3875 | 4030 | 194 |
| &nbsp;&nbsp;&nbsp; 8813242630, 26.525%, 3/03/2027 †x¥ | Stripe | 9/05/2025 | 501 | 521 | 532 |
| &nbsp;&nbsp;&nbsp; 8813406, 5.027%, 9/07/2026 †§x¶ | Square | 3/11/2025 | 314 | 292 | 303 |
| &nbsp;&nbsp;&nbsp; 8813511, 4.717%, 9/07/2026 †§x¶ | Square | 3/11/2025 | 6393 | 5970 | 6114 |
| &nbsp;&nbsp;&nbsp; 8814089, 5.031%, 9/07/2026 †§x¶ | Square | 3/11/2025 | 2387 | 2220 | 2357 |
| &nbsp;&nbsp;&nbsp; 8814369, 5.346%, 9/07/2026 †§x¶ | Square | 3/11/2025 | 35885 | 33221 | 34517 |
| &nbsp;&nbsp;&nbsp; 8814461, 5.592%, 9/07/2026 †§x¶ | Square | 3/11/2025 | 691 | 654 | 661 |
| &nbsp;&nbsp;&nbsp; 8814790, 5.029%, 9/08/2026 †x¶# | Square | 3/12/2025 | 4119 | 3830 | 305 |
| &nbsp;&nbsp;&nbsp; 8814842, 4.715%, 9/08/2026 †x¶# | Square | 3/12/2025 | 6026 | 5628 | 4294 |
| &nbsp;&nbsp;&nbsp; 8814917, 6.449%, 9/08/2026 †§x¶ | Square | 3/12/2025 | 1391 | 1268 | 1019 |
| &nbsp;&nbsp;&nbsp; 8814924, 5.350%, 9/08/2026 †x¶ | Square | 3/12/2025 | 4843 | 4483 | 3833 |
| &nbsp;&nbsp;&nbsp; 8814960, 5.346%, 9/08/2026 †§x¶ | Square | 3/12/2025 | 12086 | 11189 | 10699 |
| &nbsp;&nbsp;&nbsp; 8815093, 6.450%, 9/08/2026 †x¶# | Square | 3/12/2025 | 2044 | 1877 | 151 |
| &nbsp;&nbsp;&nbsp; 8815243, 6.430%, 9/08/2026 †x¶ | Square | 3/12/2025 | 642 | 586 | 181 |
| &nbsp;&nbsp;&nbsp; 8815259, 4.712%, 9/08/2026 †§x¶ | Square | 3/12/2025 | 911 | 851 | 889 |
| &nbsp;&nbsp;&nbsp; 8815350, 5.031%, 9/08/2026 †§x¶ | Square | 3/12/2025 | 227 | 211 | 222 |
| &nbsp;&nbsp;&nbsp; 8815386, 5.349%, 9/08/2026 †x¶# | Square | 3/12/2025 | 4333 | 4011 | 3014 |
| &nbsp;&nbsp;&nbsp; 8815411, 5.914%, 9/08/2026 †x¶# | Square | 3/12/2025 | 12041 | 11060 | 891 |
| &nbsp;&nbsp;&nbsp; 8815466, 6.450%, 9/08/2026 †x¶# | Square | 3/12/2025 | 8146 | 7428 | 603 |
| &nbsp;&nbsp;&nbsp; 8815703317, 25.067%, 6/14/2024 †x¥#^ | Stripe | 12/20/2022 | 2077 | 2160 | 104 |
| &nbsp;&nbsp;&nbsp; 8815979, 5.351%, 9/09/2026 †x¶ | Square | 3/12/2025 | 3374 | 3123 | 1905 |
| &nbsp;&nbsp;&nbsp; 8816031, 6.106%, 9/09/2026 †§x¶ | Square | 3/12/2025 | 1132 | 1038 | 1051 |
| &nbsp;&nbsp;&nbsp; 8816047, 5.344%, 9/09/2026 †x¶# | Square | 3/12/2025 | 2445 | 2264 | 181 |
| &nbsp;&nbsp;&nbsp; 8816348, 5.031%, 9/09/2026 †§x¶ | Square | 3/12/2025 | 526 | 489 | 507 |
| &nbsp;&nbsp;&nbsp; 8816988, 4.717%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 215 | 200 | 212 |
| &nbsp;&nbsp;&nbsp; 8816996, 6.447%, 9/10/2026 †x¶ | Square | 3/12/2025 | 16257 | 14823 | 10043 |
| &nbsp;&nbsp;&nbsp; 8817459, 5.031%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 869 | 808 | 854 |
| &nbsp;&nbsp;&nbsp; 8817830, 6.447%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 6273 | 5720 | 4463 |
| &nbsp;&nbsp;&nbsp; 8818136, 5.346%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 2935 | 2717 | 2810 |
| &nbsp;&nbsp;&nbsp; 8818431, 4.722%, 9/10/2026 †x¶ | Square | 3/12/2025 | 3599 | 3361 | 963 |
| &nbsp;&nbsp;&nbsp; 8818731, 5.031%, 9/10/2026 †x¶ | Square | 3/12/2025 | 528 | 491 | 447 |
| &nbsp;&nbsp;&nbsp; 8818738, 6.107%, 9/10/2026 †x¶ | Square | 3/12/2025 | 40 | 37 | 36 |
| &nbsp;&nbsp;&nbsp; 8819012, 4.718%, 9/10/2026 †x¶ | Square | 3/12/2025 | 11943 | 11153 | 10054 |
| &nbsp;&nbsp;&nbsp; 8819371, 6.289%, 9/10/2026 †x¶# | Square | 3/12/2025 | 16541 | 15132 | 1224 |
| &nbsp;&nbsp;&nbsp; 8819464, 6.436%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 471 | 429 | 404 |
| &nbsp;&nbsp;&nbsp; 8819515, 6.444%, 9/10/2026 †x¶ | Square | 3/12/2025 | 1420 | 1294 | 896 |
| &nbsp;&nbsp;&nbsp; 8819691, 4.717%, 9/10/2026 †x¶# | Square | 3/12/2025 | 61196 | 57153 | 4529 |
| &nbsp;&nbsp;&nbsp; 8820002, 6.464%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 741 | 676 | 565 |
| &nbsp;&nbsp;&nbsp; 8820066, 5.630%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 305 | 281 | 280 |
| &nbsp;&nbsp;&nbsp; 882023490, 26.133%, 8/04/2026 †x¥ | Stripe | 2/06/2025 | 102 | 106 | 110 |
| &nbsp;&nbsp;&nbsp; 8820254764, 17.333%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 25358 | 26625 | 26669 |
| &nbsp;&nbsp;&nbsp; 8820350, 4.713%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 2071 | 1934 | 1897 |
| &nbsp;&nbsp;&nbsp; 8820373, 6.098%, 9/10/2026 †x¶ | Square | 3/12/2025 | 1223 | 1120 | 438 |
| &nbsp;&nbsp;&nbsp; 8820441, 4.717%, 9/10/2026 †§x¶ | Square | 3/12/2025 | 16089 | 15027 | 15161 |
| &nbsp;&nbsp;&nbsp; 8820884, 5.902%, 9/10/2026 †x¶# | Square | 3/12/2025 | 84 | 77 | 63 |
| &nbsp;&nbsp;&nbsp; 8820902, 4.941%, 9/10/2026 †x¶ | Square | 3/12/2025 | 631 | 587 | 159 |
| &nbsp;&nbsp;&nbsp; 8820906952, 19.596%, 12/05/2024 †x¥#^ | Stripe | 9/16/2022 | 1695 | 1763 | 85 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6227** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8821658315, 24.000%, 3/14/2023 †x¥#^ | Stripe | 9/16/2021 | $2510 | $2611 | $126 |
| &nbsp;&nbsp;&nbsp; 8822064, 6.438%, 9/11/2026 †x¶ | Square | 3/13/2025 | 1053 | 960 | 560 |
| &nbsp;&nbsp;&nbsp; 8822370, 4.719%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 52 | 49 | 52 |
| &nbsp;&nbsp;&nbsp; 8822980, 4.715%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 338 | 315 | 334 |
| &nbsp;&nbsp;&nbsp; 8823098, 5.596%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 4479 | 4132 | 3793 |
| &nbsp;&nbsp;&nbsp; 8823565, 5.912%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 2213 | 2033 | 1943 |
| &nbsp;&nbsp;&nbsp; 8823621, 6.289%, 9/11/2026 †x¶# | Square | 3/13/2025 | 607 | 555 | 45 |
| &nbsp;&nbsp;&nbsp; 8823624, 6.447%, 9/11/2026 †x¶# | Square | 3/13/2025 | 79392 | 72391 | 5875 |
| &nbsp;&nbsp;&nbsp; 8823689152, 22.095%, 1/22/2025 †x¥#^ | Stripe | 7/28/2023 | 813 | 846 | 41 |
| &nbsp;&nbsp;&nbsp; 8823831, 6.101%, 9/11/2026 †x¶# | Square | 3/13/2025 | 16803 | 15394 | 1243 |
| &nbsp;&nbsp;&nbsp; 8823952, 5.348%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 2686 | 2487 | 2494 |
| &nbsp;&nbsp;&nbsp; 8823986, 4.717%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 6042 | 5643 | 5985 |
| &nbsp;&nbsp;&nbsp; 8824202, 6.473%, 9/11/2026 †x¶ | Square | 3/13/2025 | 572 | 521 | 286 |
| &nbsp;&nbsp;&nbsp; 8824505, 5.347%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 6780 | 6285 | 6316 |
| &nbsp;&nbsp;&nbsp; 8824659, 4.715%, 9/11/2026 †x¶ | Square | 3/13/2025 | 4272 | 3990 | 3734 |
| &nbsp;&nbsp;&nbsp; 8824845, 5.031%, 9/11/2026 †x¶ | Square | 3/13/2025 | 2897 | 2694 | 2428 |
| &nbsp;&nbsp;&nbsp; 8824904, 5.031%, 9/11/2026 †§x¶ | Square | 3/13/2025 | 16269 | 15128 | 15033 |
| &nbsp;&nbsp;&nbsp; 8825367, 6.447%, 9/11/2026 †x¶# | Square | 3/13/2025 | 23308 | 21252 | 1725 |
| &nbsp;&nbsp;&nbsp; 8825642, 5.599%, 9/11/2026 †x¶# | Square | 3/13/2025 | 12350 | 11393 | 914 |
| &nbsp;&nbsp;&nbsp; 8827411, 4.719%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 820 | 765 | 809 |
| &nbsp;&nbsp;&nbsp; 8827962, 6.453%, 9/12/2026 †x¶# | Square | 3/14/2025 | 1568 | 1430 | 116 |
| &nbsp;&nbsp;&nbsp; 8827984, 6.101%, 9/12/2026 †x¶# | Square | 3/14/2025 | 5898 | 5403 | 436 |
| &nbsp;&nbsp;&nbsp; 8828402, 5.342%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 1051 | 975 | 963 |
| &nbsp;&nbsp;&nbsp; 8828429, 6.448%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 397 | 363 | 371 |
| &nbsp;&nbsp;&nbsp; 8828457, 5.037%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 690 | 642 | 652 |
| &nbsp;&nbsp;&nbsp; 8828458, 4.717%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 4892 | 4569 | 4793 |
| &nbsp;&nbsp;&nbsp; 8829231, 5.031%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 1472 | 1415 | 1416 |
| &nbsp;&nbsp;&nbsp; 8829367, 4.719%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 5241 | 4894 | 5070 |
| &nbsp;&nbsp;&nbsp; 8829605, 5.357%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 550 | 509 | 518 |
| &nbsp;&nbsp;&nbsp; 8829743, 4.716%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 1091 | 1019 | 1032 |
| &nbsp;&nbsp;&nbsp; 8829747, 6.289%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 294 | 269 | 219 |
| &nbsp;&nbsp;&nbsp; 8829758, 4.718%, 9/12/2026 †x¶ | Square | 3/14/2025 | 2280 | 2129 | 853 |
| &nbsp;&nbsp;&nbsp; 8829907395, 20.256%, 3/21/2025 †x¥#^ | Stripe | 9/26/2023 | 4668 | 4854 | 233 |
| &nbsp;&nbsp;&nbsp; 8830332, 5.346%, 9/12/2026 †§x¶ | Square | 3/14/2025 | 5872 | 5436 | 5758 |
| &nbsp;&nbsp;&nbsp; 8831888071, 25.849%, 10/21/2026 †x¥# | Stripe | 4/25/2025 | 1403 | 1459 | 395 |
| &nbsp;&nbsp;&nbsp; 8834349313, 25.599%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 6121 | 6366 | 6496 |
| &nbsp;&nbsp;&nbsp; 8834557, 5.629%, 9/13/2026 †x¶ | Square | 3/17/2025 | 90270 | 83242 | 19990 |
| &nbsp;&nbsp;&nbsp; 8834581, 5.344%, 9/13/2026 †§x¶ | Square | 3/17/2025 | 2757 | 2553 | 2378 |
| &nbsp;&nbsp;&nbsp; 8834621, 4.717%, 9/13/2026 †x¶# | Square | 3/17/2025 | 8525 | 7962 | 6150 |
| &nbsp;&nbsp;&nbsp; 8834823, 5.346%, 9/13/2026 †§x¶ | Square | 3/17/2025 | 6230 | 5768 | 5771 |
| &nbsp;&nbsp;&nbsp; 8835577, 4.958%, 9/13/2026 †x¶ | Square | 3/17/2025 | 426 | 396 | 99 |
| &nbsp;&nbsp;&nbsp; 8835965, 5.346%, 9/13/2026 †§x¶ | Square | 3/17/2025 | 2331 | 2159 | 2243 |
| &nbsp;&nbsp;&nbsp; 8836199, 5.348%, 9/13/2026 †x¶# | Square | 3/17/2025 | 2436 | 2255 | 180 |
| &nbsp;&nbsp;&nbsp; 8837059, 5.031%, 9/13/2026 †§x¶ | Square | 3/17/2025 | 5236 | 4868 | 4960 |
| &nbsp;&nbsp;&nbsp; 8837198, 5.913%, 9/13/2026 †x¶# | Square | 3/17/2025 | 2648 | 2432 | 1768 |
| &nbsp;&nbsp;&nbsp; 8837211, 5.031%, 9/13/2026 †§x¶ | Square | 3/17/2025 | 12200 | 11344 | 11157 |
| &nbsp;&nbsp;&nbsp; 8837393, 6.107%, 9/13/2026 †x¶ | Square | 3/17/2025 | 3116 | 2855 | 1152 |
| &nbsp;&nbsp;&nbsp; 8839068, 5.598%, 9/13/2026 †x¶ | Square | 3/17/2025 | 10107 | 9324 | 6800 |
| &nbsp;&nbsp;&nbsp; 8839429, 6.116%, 9/13/2026 †§x¶ | Square | 3/18/2025 | 432 | 396 | 374 |
| &nbsp;&nbsp;&nbsp; 8839491, 5.597%, 9/14/2026 †x¶# | Square | 3/18/2025 | 9212 | 8499 | 682 |
| &nbsp;&nbsp;&nbsp; 8840363, 4.715%, 9/14/2026 †x¶ | Square | 3/18/2025 | 2798 | 2613 | 2520 |
| &nbsp;&nbsp;&nbsp; 8840536, 4.718%, 9/14/2026 †x¶# | Square | 3/18/2025 | 23791 | 22218 | 1761 |
| &nbsp;&nbsp;&nbsp; 8841167, 5.593%, 9/14/2026 †x¶ | Square | 3/18/2025 | 5228 | 4823 | 2984 |
| &nbsp;&nbsp;&nbsp; 8841247, 6.447%, 9/14/2026 †x¶ | Square | 3/18/2025 | 75955 | 69259 | 66182 |
| &nbsp;&nbsp;&nbsp; 8841740, 4.717%, 9/14/2026 †x¶ | Square | 3/18/2025 | 16246 | 15173 | 13975 |
| &nbsp;&nbsp;&nbsp; 8841758418, 26.533%, 11/14/2024 †x¥#^ | Stripe | 5/22/2023 | 13346 | 13880 | 667 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6228** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8841851, 5.031%, 9/14/2026 †§x¶ | Square | 3/18/2025 | $4254 | $3956 | $4108 |
| &nbsp;&nbsp;&nbsp; 8843668, 4.718%, 9/14/2026 †§x¶ | Square | 3/18/2025 | 15296 | 14285 | 14578 |
| &nbsp;&nbsp;&nbsp; 8844404, 5.031%, 9/15/2026 †§x¶ | Square | 3/19/2025 | 3499 | 3254 | 3419 |
| &nbsp;&nbsp;&nbsp; 8844563, 5.031%, 9/15/2026 †x¶# | Square | 3/19/2025 | 11434 | 10632 | 846 |
| &nbsp;&nbsp;&nbsp; 8844628, 6.462%, 9/15/2026 †x¶ | Square | 3/19/2025 | 766 | 698 | 243 |
| &nbsp;&nbsp;&nbsp; 8844804, 4.717%, 9/15/2026 †§x¶ | Square | 3/19/2025 | 790 | 750 | 775 |
| &nbsp;&nbsp;&nbsp; 8844922, 6.447%, 9/15/2026 †§x¶ | Square | 3/19/2025 | 3181 | 2901 | 2596 |
| &nbsp;&nbsp;&nbsp; 8845144, 5.919%, 9/15/2026 †x¶ | Square | 3/19/2025 | 2321 | 2131 | 1489 |
| &nbsp;&nbsp;&nbsp; 8845419, 6.104%, 9/15/2026 †§x¶ | Square | 3/19/2025 | 253 | 232 | 237 |
| &nbsp;&nbsp;&nbsp; 8845452, 6.449%, 9/15/2026 †x¶# | Square | 3/19/2025 | 353 | 322 | 277 |
| &nbsp;&nbsp;&nbsp; 8845564, 4.906%, 9/15/2026 †§x¶ | Square | 3/19/2025 | 25 | 23 | 20 |
| &nbsp;&nbsp;&nbsp; 8845699, 4.720%, 9/15/2026 †§x¶ | Square | 3/19/2025 | 3368 | 3146 | 3221 |
| &nbsp;&nbsp;&nbsp; 8845964, 4.716%, 9/15/2026 †§x¶ | Square | 3/19/2025 | 236 | 221 | 233 |
| &nbsp;&nbsp;&nbsp; 8845969, 5.348%, 9/15/2026 †x¶ | Square | 3/19/2025 | 14128 | 13079 | 4035 |
| &nbsp;&nbsp;&nbsp; 8846073, 6.103%, 9/15/2026 †x¶ | Square | 3/19/2025 | 1228 | 1125 | 615 |
| &nbsp;&nbsp;&nbsp; 8846425, 4.719%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 1362 | 1272 | 1339 |
| &nbsp;&nbsp;&nbsp; 8846543, 4.716%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 2371 | 2215 | 2305 |
| &nbsp;&nbsp;&nbsp; 8846581, 4.712%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 454 | 424 | 446 |
| &nbsp;&nbsp;&nbsp; 8846618, 4.717%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 69 | 64 | 68 |
| &nbsp;&nbsp;&nbsp; 8846632, 5.037%, 9/16/2026 †x¶ | Square | 3/19/2025 | 3092 | 2875 | 2211 |
| &nbsp;&nbsp;&nbsp; 8846642, 4.720%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 3653 | 3412 | 3403 |
| &nbsp;&nbsp;&nbsp; 8846670, 6.447%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 1704 | 1554 | 542 |
| &nbsp;&nbsp;&nbsp; 8846686, 5.904%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 160 | 147 | 151 |
| &nbsp;&nbsp;&nbsp; 8846695, 4.898%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 189 | 176 | 142 |
| &nbsp;&nbsp;&nbsp; 8846697, 5.025%, 9/16/2026 †x¶# | Square | 3/19/2025 | 2480 | 2307 | 1507 |
| &nbsp;&nbsp;&nbsp; 8846825, 6.446%, 9/16/2026 †x¶# | Square | 3/19/2025 | 17448 | 15910 | 1291 |
| &nbsp;&nbsp;&nbsp; 8846852, 4.714%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 785 | 734 | 770 |
| &nbsp;&nbsp;&nbsp; 8846871, 5.031%, 9/16/2026 †§x¶ | Square | 3/19/2025 | 6070 | 5644 | 5765 |
| &nbsp;&nbsp;&nbsp; 8848178, 5.031%, 9/17/2026 †§x¶ | Square | 3/19/2025 | 9594 | 8921 | 8959 |
| &nbsp;&nbsp;&nbsp; 8848379, 6.104%, 9/17/2026 †§x¶ | Square | 3/19/2025 | 593 | 543 | 555 |
| &nbsp;&nbsp;&nbsp; 8848445, 6.441%, 9/17/2026 †§x¶ | Square | 3/19/2025 | 545 | 497 | 460 |
| &nbsp;&nbsp;&nbsp; 8848751, 6.451%, 9/17/2026 †x¶# | Square | 3/19/2025 | 7427 | 6772 | 550 |
| &nbsp;&nbsp;&nbsp; 8848970, 4.717%, 9/17/2026 †§x¶ | Square | 3/19/2025 | 3622 | 3383 | 3557 |
| &nbsp;&nbsp;&nbsp; 8849150, 4.717%, 9/17/2026 †x¶ | Square | 3/19/2025 | 62534 | 58402 | 51991 |
| &nbsp;&nbsp;&nbsp; 8849169, 6.447%, 9/17/2026 †x¶# | Square | 3/19/2025 | 1185 | 1081 | 88 |
| &nbsp;&nbsp;&nbsp; 8849462, 4.715%, 9/17/2026 †§x¶ | Square | 3/19/2025 | 1463 | 1366 | 1333 |
| &nbsp;&nbsp;&nbsp; 8849477, 5.908%, 9/17/2026 †x¶ | Square | 3/19/2025 | 2820 | 2590 | 1953 |
| &nbsp;&nbsp;&nbsp; 8849755, 5.031%, 9/17/2026 †x¶ | Square | 3/19/2025 | 74380 | 69160 | 52452 |
| &nbsp;&nbsp;&nbsp; 8849759, 6.276%, 9/17/2026 †x¶# | Square | 3/19/2025 | 906 | 828 | 67 |
| &nbsp;&nbsp;&nbsp; 8850213420, 19.721%, 8/31/2024 †x¥#^ | Stripe | 3/08/2023 | 3896 | 4052 | 195 |
| &nbsp;&nbsp;&nbsp; 8851020847, 22.533%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 444 | 462 | 22 |
| &nbsp;&nbsp;&nbsp; 8852891, 5.604%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 1053 | 971 | 926 |
| &nbsp;&nbsp;&nbsp; 8852906, 6.447%, 9/18/2026 †x¶ | Square | 3/20/2025 | 1618 | 1475 | 388 |
| &nbsp;&nbsp;&nbsp; 8852909, 6.104%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 886 | 811 | 688 |
| &nbsp;&nbsp;&nbsp; 8853176, 5.034%, 9/18/2026 †x¶ | Square | 3/20/2025 | 2474 | 2300 | 1975 |
| &nbsp;&nbsp;&nbsp; 8854268, 5.606%, 9/18/2026 †x¶ | Square | 3/20/2025 | 1487 | 1372 | 1266 |
| &nbsp;&nbsp;&nbsp; 8854445, 5.598%, 9/18/2026 †x¶# | Square | 3/20/2025 | 4935 | 4553 | 365 |
| &nbsp;&nbsp;&nbsp; 8854822, 5.031%, 9/18/2026 †x¶# | Square | 3/20/2025 | 23539 | 21887 | 6207 |
| &nbsp;&nbsp;&nbsp; 8854854802, 18.929%, 7/28/2026 †x¥# | Stripe | 1/30/2025 | 6165 | 6411 | 3473 |
| &nbsp;&nbsp;&nbsp; 8855057, 6.440%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 215 | 196 | 195 |
| &nbsp;&nbsp;&nbsp; 8855713, 5.039%, 9/18/2026 †x¶ | Square | 3/20/2025 | 1533 | 1426 | 681 |
| &nbsp;&nbsp;&nbsp; 8855783, 4.717%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 1058 | 988 | 998 |
| &nbsp;&nbsp;&nbsp; 8855802, 5.031%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 1747 | 1624 | 1659 |
| &nbsp;&nbsp;&nbsp; 8856146, 4.741%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 58 | 54 | 57 |
| &nbsp;&nbsp;&nbsp; 8856243, 6.455%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 1112 | 1014 | 941 |
| &nbsp;&nbsp;&nbsp; 8856302, 4.717%, 9/18/2026 †x¶ | Square | 3/20/2025 | 19377 | 18097 | 16899 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6229** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8856480, 5.347%, 9/18/2026 †x¶# | Square | 3/20/2025 | $34275 | $31730 | $2536 |
| &nbsp;&nbsp;&nbsp; 8856619, 5.601%, 9/18/2026 †x¶# | Square | 3/20/2025 | 244 | 232 | 18 |
| &nbsp;&nbsp;&nbsp; 8856639, 4.717%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 295 | 294 | 292 |
| &nbsp;&nbsp;&nbsp; 8856649, 6.452%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 1331 | 1214 | 1104 |
| &nbsp;&nbsp;&nbsp; 8856691, 5.344%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 442 | 409 | 433 |
| &nbsp;&nbsp;&nbsp; 8856712, 6.114%, 9/18/2026 †x¶# | Square | 3/20/2025 | 2343 | 2146 | 173 |
| &nbsp;&nbsp;&nbsp; 8856778, 5.346%, 9/18/2026 †x¶# | Square | 3/20/2025 | 55602 | 51474 | 26931 |
| &nbsp;&nbsp;&nbsp; 8856958787, 22.528%, 8/10/2024 †x¥#^ | Stripe | 2/15/2023 | 4714 | 4902 | 236 |
| &nbsp;&nbsp;&nbsp; 8857159, 4.717%, 9/18/2026 †x¶ | Square | 3/20/2025 | 13723 | 12817 | 11911 |
| &nbsp;&nbsp;&nbsp; 8857424, 4.717%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 6072 | 5671 | 5623 |
| &nbsp;&nbsp;&nbsp; 8857484, 5.598%, 9/18/2026 †§x¶ | Square | 3/20/2025 | 1203 | 1109 | 1154 |
| &nbsp;&nbsp;&nbsp; 8857877, 5.031%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 5007 | 4656 | 4792 |
| &nbsp;&nbsp;&nbsp; 8857999, 5.660%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 157 | 144 | 132 |
| &nbsp;&nbsp;&nbsp; 8858006578, 18.667%, 7/03/2026 †x¥# | Stripe | 1/07/2025 | 44742 | 46532 | 17642 |
| &nbsp;&nbsp;&nbsp; 8858237, 4.715%, 9/19/2026 †x¶ | Square | 3/21/2025 | 3025 | 2825 | 2791 |
| &nbsp;&nbsp;&nbsp; 8858425, 4.719%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 983 | 920 | 965 |
| &nbsp;&nbsp;&nbsp; 8859371, 4.721%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 1928 | 1801 | 1442 |
| &nbsp;&nbsp;&nbsp; 8859403, 6.449%, 9/19/2026 †x¶# | Square | 3/21/2025 | 4252 | 3877 | 2364 |
| &nbsp;&nbsp;&nbsp; 8859437, 4.718%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 6634 | 6196 | 6467 |
| &nbsp;&nbsp;&nbsp; 8859615, 4.719%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 3205 | 2993 | 3036 |
| &nbsp;&nbsp;&nbsp; 8860309, 4.738%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 461 | 431 | 440 |
| &nbsp;&nbsp;&nbsp; 8860722, 5.031%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 7345 | 6830 | 7065 |
| &nbsp;&nbsp;&nbsp; 8861022, 4.717%, 9/19/2026 †x¶# | Square | 3/21/2025 | 3188 | 2977 | 236 |
| &nbsp;&nbsp;&nbsp; 8861038, 4.724%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 1180 | 1102 | 1140 |
| &nbsp;&nbsp;&nbsp; 8861081, 6.451%, 9/19/2026 †x¶# | Square | 3/21/2025 | 2938 | 2680 | 217 |
| &nbsp;&nbsp;&nbsp; 8861199, 4.717%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 11017 | 10289 | 10690 |
| &nbsp;&nbsp;&nbsp; 8861428, 6.438%, 9/19/2026 †§x¶ | Square | 3/21/2025 | 27 | 25 | 25 |
| &nbsp;&nbsp;&nbsp; 886143007, 18.933%, 7/06/2026 †x¥# | Stripe | 4/18/2024 | 1946 | 2023 | 97 |
| &nbsp;&nbsp;&nbsp; 8862029, 5.031%, 9/19/2026 †x¶ | Square | 3/21/2025 | 4589 | 4267 | 4126 |
| &nbsp;&nbsp;&nbsp; 8862059, 5.031%, 9/19/2026 †x¶# | Square | 3/21/2025 | 36967 | 34373 | 2736 |
| &nbsp;&nbsp;&nbsp; 8862463408, 20.530%, 12/16/2024 †x¥#^ | Stripe | 1/12/2023 | 897 | 933 | 45 |
| &nbsp;&nbsp;&nbsp; 8862982641, 22.000%, 7/03/2026 †x¥ | Stripe | 1/07/2025 | 74 | 77 | 79 |
| &nbsp;&nbsp;&nbsp; 8863609154, 20.129%, 11/13/2024 †x¥#^ | Stripe | 5/19/2023 | 17296 | 17988 | 865 |
| &nbsp;&nbsp;&nbsp; 8864952, 6.105%, 9/20/2026 †§x¶ | Square | 3/24/2025 | 1066 | 976 | 1021 |
| &nbsp;&nbsp;&nbsp; 8865176045, 24.133%, 4/18/2024 †x¥#^ | Stripe | 10/24/2022 | 25429 | 26447 | 1271 |
| &nbsp;&nbsp;&nbsp; 8865463, 4.718%, 9/20/2026 †§x¶ | Square | 3/24/2025 | 2714 | 2534 | 2635 |
| &nbsp;&nbsp;&nbsp; 8865525, 6.105%, 9/20/2026 †§x¶ | Square | 3/24/2025 | 623 | 570 | 583 |
| &nbsp;&nbsp;&nbsp; 8865764, 6.445%, 9/20/2026 †x¶# | Square | 3/24/2025 | 3704 | 3377 | 274 |
| &nbsp;&nbsp;&nbsp; 8865803, 6.098%, 9/20/2026 †x¶# | Square | 3/24/2025 | 5259 | 4821 | 389 |
| &nbsp;&nbsp;&nbsp; 8865985, 5.597%, 9/20/2026 †x¶ | Square | 3/24/2025 | 9366 | 8641 | 7245 |
| &nbsp;&nbsp;&nbsp; 8866258292, 26.533%, 4/15/2026 †x¥ | Stripe | 10/18/2024 | 30 | 31 | 32 |
| &nbsp;&nbsp;&nbsp; 8866294, 5.604%, 9/20/2026 †§x¶ | Square | 3/24/2025 | 763 | 704 | 723 |
| &nbsp;&nbsp;&nbsp; 8866295, 5.340%, 9/20/2026 †x¶ | Square | 3/24/2025 | 3433 | 3178 | 852 |
| &nbsp;&nbsp;&nbsp; 8866512, 4.729%, 9/20/2026 †x¶ | Square | 3/24/2025 | 1223 | 1142 | 1048 |
| &nbsp;&nbsp;&nbsp; 8866620, 6.102%, 9/20/2026 †§x¶ | Square | 3/24/2025 | 746 | 684 | 724 |
| &nbsp;&nbsp;&nbsp; 8867026, 6.443%, 9/20/2026 †x¶ | Square | 3/24/2025 | 2109 | 1923 | 1483 |
| &nbsp;&nbsp;&nbsp; 8867154484, 18.667%, 5/16/2024 †x¥#^ | Stripe | 11/21/2022 | 1631 | 1696 | 82 |
| &nbsp;&nbsp;&nbsp; 8867524, 6.447%, 9/20/2026 †§x¶ | Square | 3/24/2025 | 137 | 125 | 132 |
| &nbsp;&nbsp;&nbsp; 8867566, 6.282%, 9/20/2026 †x¶# | Square | 3/24/2025 | 1324 | 1210 | 98 |
| &nbsp;&nbsp;&nbsp; 8869184, 4.717%, 9/20/2026 †x¶ | Square | 3/25/2025 | 16319 | 15241 | 5022 |
| &nbsp;&nbsp;&nbsp; 8869256, 4.717%, 9/20/2026 †§x¶ | Square | 3/25/2025 | 17842 | 16663 | 17467 |
| &nbsp;&nbsp;&nbsp; 8869300, 5.031%, 9/20/2026 †§x¶ | Square | 3/25/2025 | 59622 | 55438 | 53199 |
| &nbsp;&nbsp;&nbsp; 8869472191, 26.527%, 6/30/2026 †x¥ | Stripe | 1/03/2025 | 5400 | 5616 | 5737 |
| &nbsp;&nbsp;&nbsp; 8869493, 4.717%, 9/20/2026 †§x¶ | Square | 3/25/2025 | 31443 | 29366 | 30634 |
| &nbsp;&nbsp;&nbsp; 8869522, 5.027%, 9/20/2026 †x¶# | Square | 3/25/2025 | 4257 | 3959 | 2830 |
| &nbsp;&nbsp;&nbsp; 8869605, 4.717%, 9/20/2026 †§x¶ | Square | 3/25/2025 | 1973 | 1842 | 1930 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6230** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8869631, 5.915%, 9/20/2026 †x¶# | Square | 3/25/2025 | $2518 | $2314 | $1697 |
| &nbsp;&nbsp;&nbsp; 8869640, 4.719%, 9/20/2026 †§x¶ | Square | 3/25/2025 | 3876 | 3619 | 3775 |
| &nbsp;&nbsp;&nbsp; 8869847, 5.031%, 9/21/2026 †x¶# | Square | 3/25/2025 | 2987 | 2777 | 221 |
| &nbsp;&nbsp;&nbsp; 8870175, 5.594%, 9/21/2026 †x¶ | Square | 3/25/2025 | 1915 | 1769 | 1576 |
| &nbsp;&nbsp;&nbsp; 8870979, 4.719%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 3294 | 3076 | 3210 |
| &nbsp;&nbsp;&nbsp; 8871331, 5.616%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 179 | 165 | 171 |
| &nbsp;&nbsp;&nbsp; 8871476, 4.917%, 9/21/2026 †x¶# | Square | 3/25/2025 | 1214 | 1131 | 90 |
| &nbsp;&nbsp;&nbsp; 8871537, 4.717%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 7747 | 7235 | 7221 |
| &nbsp;&nbsp;&nbsp; 8871623, 6.100%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 804 | 737 | 682 |
| &nbsp;&nbsp;&nbsp; 8871752, 5.031%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 1301 | 1210 | 1285 |
| &nbsp;&nbsp;&nbsp; 8871973, 6.289%, 9/21/2026 †x¶# | Square | 3/25/2025 | 4485 | 4099 | 332 |
| &nbsp;&nbsp;&nbsp; 8872293, 4.730%, 9/21/2026 †x¶ | Square | 3/25/2025 | 1136 | 1061 | 995 |
| &nbsp;&nbsp;&nbsp; 8872810421, 18.796%, 11/28/2025 †x¥#^ | Stripe | 9/22/2023 | 7599 | 7903 | 380 |
| &nbsp;&nbsp;&nbsp; 8872903, 5.347%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 983 | 910 | 891 |
| &nbsp;&nbsp;&nbsp; 8872956, 5.912%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 532 | 489 | 517 |
| &nbsp;&nbsp;&nbsp; 8873653, 6.449%, 9/21/2026 †§x¶ | Square | 3/25/2025 | 1249 | 1139 | 1131 |
| &nbsp;&nbsp;&nbsp; 8873765, 4.938%, 9/21/2026 †x¶# | Square | 3/25/2025 | 7705 | 7174 | 570 |
| &nbsp;&nbsp;&nbsp; 8875355, 6.102%, 9/22/2026 †x¶# | Square | 3/26/2025 | 18904 | 17319 | 1399 |
| &nbsp;&nbsp;&nbsp; 8875393, 5.031%, 9/22/2026 †x¶# | Square | 3/26/2025 | 12848 | 11980 | 951 |
| &nbsp;&nbsp;&nbsp; 8875512, 5.899%, 9/22/2026 †x¶# | Square | 3/26/2025 | 1320 | 1213 | 98 |
| &nbsp;&nbsp;&nbsp; 8875548, 4.716%, 9/22/2026 †§x¶ | Square | 3/26/2025 | 1002 | 936 | 966 |
| &nbsp;&nbsp;&nbsp; 8875565, 6.448%, 9/22/2026 †x¶ | Square | 3/26/2025 | 12700 | 11580 | 7884 |
| &nbsp;&nbsp;&nbsp; 8875622, 6.451%, 9/22/2026 †x¶# | Square | 3/26/2025 | 7234 | 6596 | 535 |
| &nbsp;&nbsp;&nbsp; 8875831, 6.097%, 9/22/2026 †§x¶ | Square | 3/26/2025 | 1772 | 1624 | 1634 |
| &nbsp;&nbsp;&nbsp; 8875850, 5.343%, 9/22/2026 †x¶ | Square | 3/26/2025 | 4602 | 4260 | 3026 |
| &nbsp;&nbsp;&nbsp; 8875882, 5.031%, 9/22/2026 †x¶ | Square | 3/26/2025 | 3160 | 2938 | 2466 |
| &nbsp;&nbsp;&nbsp; 8876041, 4.717%, 9/22/2026 †§x¶ | Square | 3/26/2025 | 215 | 201 | 213 |
| &nbsp;&nbsp;&nbsp; 8876133, 5.031%, 9/23/2026 †§x¶ | Square | 3/26/2025 | 13162 | 12240 | 12392 |
| &nbsp;&nbsp;&nbsp; 8876233, 5.660%, 9/23/2026 †x¶# | Square | 3/26/2025 | 434 | 400 | 32 |
| &nbsp;&nbsp;&nbsp; 8876288, 4.706%, 9/23/2026 †x¶ | Square | 3/26/2025 | 1046 | 977 | 935 |
| &nbsp;&nbsp;&nbsp; 8876415, 6.099%, 9/23/2026 †x¶# | Square | 3/26/2025 | 18922 | 17336 | 1400 |
| &nbsp;&nbsp;&nbsp; 8876649, 6.447%, 9/23/2026 †x¶ | Square | 3/26/2025 | 1579 | 1441 | 1010 |
| &nbsp;&nbsp;&nbsp; 8876661, 6.271%, 9/23/2026 †x¶# | Square | 3/26/2025 | 1514 | 1384 | 112 |
| &nbsp;&nbsp;&nbsp; 8876676, 5.627%, 9/23/2026 †x¶# | Square | 3/26/2025 | 3777 | 3483 | 279 |
| &nbsp;&nbsp;&nbsp; 8876725028, 24.000%, 10/04/2023 †x¥#^ | Stripe | 4/08/2022 | 711 | 739 | 36 |
| &nbsp;&nbsp;&nbsp; 8876892, 6.449%, 9/23/2026 †x¶ | Square | 3/26/2025 | 4768 | 4347 | 1141 |
| &nbsp;&nbsp;&nbsp; 8876916, 5.338%, 9/23/2026 †x¶ | Square | 3/26/2025 | 1393 | 1290 | 1176 |
| &nbsp;&nbsp;&nbsp; 8876936, 6.098%, 9/23/2026 †§x¶ | Square | 3/26/2025 | 596 | 546 | 549 |
| &nbsp;&nbsp;&nbsp; 8876976, 5.346%, 9/23/2026 †§x¶ | Square | 3/26/2025 | 1134 | 1050 | 1116 |
| &nbsp;&nbsp;&nbsp; 8877262, 4.720%, 9/24/2026 †x¶ | Square | 3/26/2025 | 4304 | 4019 | 1528 |
| &nbsp;&nbsp;&nbsp; 8878254, 5.347%, 9/24/2026 †x¶ | Square | 3/26/2025 | 1994 | 1846 | 858 |
| &nbsp;&nbsp;&nbsp; 8878280, 6.452%, 9/24/2026 †§x¶ | Square | 3/26/2025 | 255 | 233 | 227 |
| &nbsp;&nbsp;&nbsp; 8878460, 5.031%, 9/24/2026 †x¶ | Square | 3/26/2025 | 2843 | 2644 | 2479 |
| &nbsp;&nbsp;&nbsp; 8878486, 4.728%, 9/24/2026 †x¶ | Square | 3/26/2025 | 954 | 890 | 640 |
| &nbsp;&nbsp;&nbsp; 8878612, 4.717%, 9/24/2026 †x¶# | Square | 3/26/2025 | 5478 | 5116 | 3190 |
| &nbsp;&nbsp;&nbsp; 8878936, 5.348%, 9/24/2026 †§x¶ | Square | 3/26/2025 | 1637 | 1515 | 1563 |
| &nbsp;&nbsp;&nbsp; 8879064, 6.283%, 9/24/2026 †§x¶ | Square | 3/26/2025 | 444 | 406 | 318 |
| &nbsp;&nbsp;&nbsp; 8879883, 5.629%, 9/24/2026 †x¶ | Square | 3/26/2025 | 68491 | 63158 | 33684 |
| &nbsp;&nbsp;&nbsp; 8881222, 4.720%, 9/25/2026 †x¶ | Square | 3/27/2025 | 5678 | 5303 | 5018 |
| &nbsp;&nbsp;&nbsp; 8881239, 5.597%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 1214 | 1120 | 1117 |
| &nbsp;&nbsp;&nbsp; 8881247, 6.445%, 9/25/2026 †x¶# | Square | 3/27/2025 | 1900 | 1732 | 562 |
| &nbsp;&nbsp;&nbsp; 8881280, 6.454%, 9/25/2026 †x¶ | Square | 3/27/2025 | 2763 | 2519 | 1343 |
| &nbsp;&nbsp;&nbsp; 8881306, 5.031%, 9/25/2026 †x¶# | Square | 3/27/2025 | 10813 | 10054 | 800 |
| &nbsp;&nbsp;&nbsp; 8881329, 6.289%, 9/25/2026 †x¶# | Square | 3/27/2025 | 7403 | 6764 | 548 |
| &nbsp;&nbsp;&nbsp; 8881469, 6.446%, 9/25/2026 †x¶ | Square | 3/27/2025 | 6244 | 5694 | 3541 |
| &nbsp;&nbsp;&nbsp; 8881571, 5.597%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 3368 | 3108 | 2974 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6231** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8881652, 5.914%, 9/25/2026 †x¶ | Square | 3/27/2025 | $2065 | $1897 | $1794 |
| &nbsp;&nbsp;&nbsp; 8881956, 4.716%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 3127 | 2920 | 3029 |
| &nbsp;&nbsp;&nbsp; 8882149, 4.717%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 2530 | 2363 | 2483 |
| &nbsp;&nbsp;&nbsp; 8882251559, 22.399%, 6/16/2026 †x¥ | Stripe | 12/19/2024 | 9485 | 9864 | 10133 |
| &nbsp;&nbsp;&nbsp; 8882365, 5.598%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 1582 | 1459 | 1330 |
| &nbsp;&nbsp;&nbsp; 8882544, 4.931%, 9/25/2026 †x¶# | Square | 3/27/2025 | 4357 | 4057 | 322 |
| &nbsp;&nbsp;&nbsp; 8882573, 5.031%, 9/25/2026 †x¶ | Square | 3/27/2025 | 447 | 415 | 317 |
| &nbsp;&nbsp;&nbsp; 8882595, 4.717%, 9/25/2026 †x¶ | Square | 3/27/2025 | 4248 | 3967 | 3653 |
| &nbsp;&nbsp;&nbsp; 8882761, 6.289%, 9/25/2026 †x¶# | Square | 3/27/2025 | 8807 | 8048 | 652 |
| &nbsp;&nbsp;&nbsp; 8882818, 5.591%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 788 | 727 | 748 |
| &nbsp;&nbsp;&nbsp; 8882839, 5.348%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 476 | 441 | 439 |
| &nbsp;&nbsp;&nbsp; 8882964, 6.453%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 459 | 418 | 400 |
| &nbsp;&nbsp;&nbsp; 8883231, 4.715%, 9/25/2026 †x¶ | Square | 3/27/2025 | 3092 | 2888 | 2880 |
| &nbsp;&nbsp;&nbsp; 8883294, 5.913%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 1326 | 1218 | 1208 |
| &nbsp;&nbsp;&nbsp; 8883461, 4.717%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 486 | 454 | 477 |
| &nbsp;&nbsp;&nbsp; 8883474, 4.717%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 4625 | 4319 | 4387 |
| &nbsp;&nbsp;&nbsp; 8883677, 4.717%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 367 | 343 | 364 |
| &nbsp;&nbsp;&nbsp; 8884080, 5.031%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 961 | 894 | 938 |
| &nbsp;&nbsp;&nbsp; 8884301870, 24.768%, 11/06/2024 †x¥#^ | Stripe | 5/12/2023 | 2500 | 2600 | 125 |
| &nbsp;&nbsp;&nbsp; 8884384, 5.031%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 45407 | 42220 | 43545 |
| &nbsp;&nbsp;&nbsp; 8884709848, 20.133%, 6/07/2024 †x¥#^ | Stripe | 12/13/2022 | 39608 | 41192 | 1980 |
| &nbsp;&nbsp;&nbsp; 8885005, 4.717%, 9/25/2026 †x¶# | Square | 3/27/2025 | 81580 | 76201 | 6037 |
| &nbsp;&nbsp;&nbsp; 8885540, 5.031%, 9/25/2026 †x¶ | Square | 3/27/2025 | 81452 | 75736 | 71432 |
| &nbsp;&nbsp;&nbsp; 8886348, 4.717%, 9/26/2026 †x¶# | Square | 3/28/2025 | 18674 | 17641 | 7454 |
| &nbsp;&nbsp;&nbsp; 8886517, 6.289%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 56 | 52 | 51 |
| &nbsp;&nbsp;&nbsp; 8886547, 6.462%, 9/26/2026 †x¶# | Square | 3/28/2025 | 1347 | 1228 | 100 |
| &nbsp;&nbsp;&nbsp; 8887710, 5.598%, 9/26/2026 †x¶# | Square | 3/28/2025 | 13664 | 12606 | 1011 |
| &nbsp;&nbsp;&nbsp; 8887785, 5.031%, 9/26/2026 †x¶ | Square | 3/28/2025 | 508 | 472 | 436 |
| &nbsp;&nbsp;&nbsp; 8888158, 5.031%, 9/26/2026 †x¶# | Square | 3/28/2025 | 22692 | 21100 | 20907 |
| &nbsp;&nbsp;&nbsp; 8888415, 4.715%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 739 | 690 | 671 |
| &nbsp;&nbsp;&nbsp; 8888491, 4.719%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 2162 | 2019 | 2073 |
| &nbsp;&nbsp;&nbsp; 8888517, 4.717%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 1665 | 1555 | 1628 |
| &nbsp;&nbsp;&nbsp; 8889338, 4.719%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 4579 | 4276 | 4397 |
| &nbsp;&nbsp;&nbsp; 8889486, 4.717%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 354 | 331 | 350 |
| &nbsp;&nbsp;&nbsp; 8889519, 4.713%, 9/26/2026 †x¶ | Square | 3/28/2025 | 3474 | 3244 | 2502 |
| &nbsp;&nbsp;&nbsp; 8889595, 5.348%, 9/26/2026 †x¶# | Square | 3/28/2025 | 9593 | 8880 | 6329 |
| &nbsp;&nbsp;&nbsp; 8889649, 4.717%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 2233 | 2085 | 2176 |
| &nbsp;&nbsp;&nbsp; 8889661, 5.353%, 9/26/2026 †x¶ | Square | 3/28/2025 | 2743 | 2539 | 2001 |
| &nbsp;&nbsp;&nbsp; 8889666, 6.101%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 4473 | 4098 | 4051 |
| &nbsp;&nbsp;&nbsp; 8889791, 6.453%, 9/26/2026 †x¶ | Square | 3/28/2025 | 1596 | 1455 | 1048 |
| &nbsp;&nbsp;&nbsp; 8889840, 5.031%, 9/26/2026 †x¶ | Square | 3/28/2025 | 6126 | 5696 | 5589 |
| &nbsp;&nbsp;&nbsp; 8889994, 5.912%, 9/26/2026 †x¶# | Square | 3/28/2025 | 13140 | 12070 | 972 |
| &nbsp;&nbsp;&nbsp; 8890114, 4.717%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 8793 | 8212 | 8392 |
| &nbsp;&nbsp;&nbsp; 8890149013, 19.065%, 8/27/2024 †x¥#^ | Stripe | 3/02/2023 | 20725 | 21554 | 1036 |
| &nbsp;&nbsp;&nbsp; 8890215, 4.717%, 9/26/2026 †§x¶ | Square | 3/28/2025 | 892 | 833 | 877 |
| &nbsp;&nbsp;&nbsp; 8890965887, 18.800%, 2/08/2024 †x¥#^ | Stripe | 8/15/2022 | 4450 | 4628 | 223 |
| &nbsp;&nbsp;&nbsp; 8892406063, 22.400%, 8/05/2026 †x¥# | Stripe | 2/07/2025 | 28261 | 29391 | 1413 |
| &nbsp;&nbsp;&nbsp; 8893783, 5.345%, 9/27/2026 †x¶ | Square | 3/31/2025 | 3051 | 2825 | 1662 |
| &nbsp;&nbsp;&nbsp; 8894108, 4.718%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 6140 | 5734 | 5986 |
| &nbsp;&nbsp;&nbsp; 8894268, 5.031%, 9/27/2026 †x¶ | Square | 3/31/2025 | 10964 | 10194 | 8131 |
| &nbsp;&nbsp;&nbsp; 889469916, 21.333%, 11/22/2025 †x¥#^ | Stripe | 5/30/2024 | 3191 | 3319 | 160 |
| &nbsp;&nbsp;&nbsp; 8894883, 4.935%, 9/27/2026 †x¶ | Square | 3/31/2025 | 2995 | 2789 | 1652 |
| &nbsp;&nbsp;&nbsp; 8895096, 5.598%, 9/27/2026 †x¶# | Square | 3/31/2025 | 135218 | 124744 | 32425 |
| &nbsp;&nbsp;&nbsp; 8895285, 6.447%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 3361 | 3064 | 2435 |
| &nbsp;&nbsp;&nbsp; 8896055, 4.721%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 2928 | 2734 | 2810 |
| &nbsp;&nbsp;&nbsp; 8896104, 6.122%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 346 | 317 | 308 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6232** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8896109, 4.717%, 9/27/2026 †§x¶ | Square | 3/31/2025 | $317 | $296 | $313 |
| &nbsp;&nbsp;&nbsp; 8896431, 6.440%, 9/27/2026 †x¶ | Square | 3/31/2025 | 588 | 536 | 356 |
| &nbsp;&nbsp;&nbsp; 8896683, 5.344%, 9/27/2026 †x¶ | Square | 3/31/2025 | 3630 | 3361 | 3144 |
| &nbsp;&nbsp;&nbsp; 8896761, 5.343%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 317 | 294 | 311 |
| &nbsp;&nbsp;&nbsp; 8896806, 4.715%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 2045 | 1910 | 1930 |
| &nbsp;&nbsp;&nbsp; 8896836, 6.452%, 9/27/2026 †x¶ | Square | 3/31/2025 | 1953 | 1781 | 1099 |
| &nbsp;&nbsp;&nbsp; 8896986, 5.917%, 9/27/2026 †x¶ | Square | 3/31/2025 | 4501 | 4134 | 1943 |
| &nbsp;&nbsp;&nbsp; 8897068, 4.780%, 9/27/2026 †x¶ | Square | 3/31/2025 | 290 | 271 | 211 |
| &nbsp;&nbsp;&nbsp; 8897172, 4.719%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 2190 | 2045 | 2106 |
| &nbsp;&nbsp;&nbsp; 8897632, 4.723%, 9/27/2026 †§x¶ | Square | 3/31/2025 | 708 | 661 | 697 |
| &nbsp;&nbsp;&nbsp; 8897941, 5.597%, 9/27/2026 †x¶# | Square | 3/31/2025 | 21869 | 20175 | 14280 |
| &nbsp;&nbsp;&nbsp; 8898223128, 24.000%, 7/15/2023 †x¥#^ | Stripe | 1/20/2022 | 1195 | 1243 | 60 |
| &nbsp;&nbsp;&nbsp; 8899201145, 25.846%, 6/27/2026 †x¥ | Stripe | 1/02/2025 | 294 | 305 | 318 |
| &nbsp;&nbsp;&nbsp; 8902047797, 19.726%, 1/29/2025 †x¥#^ | Stripe | 1/30/2023 | 1310 | 1363 | 66 |
| &nbsp;&nbsp;&nbsp; 8902175855, 17.333%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 8941 | 9388 | 9408 |
| &nbsp;&nbsp;&nbsp; 890497939, 26.519%, 10/28/2026 †x¥# | Stripe | 5/02/2025 | 997 | 1037 | 191 |
| &nbsp;&nbsp;&nbsp; 8905504216, 25.598%, 11/02/2024 †x¥#^ | Stripe | 5/10/2023 | 10094 | 10498 | 505 |
| &nbsp;&nbsp;&nbsp; 8905968795, 25.333%, 7/04/2024 †x¥#^ | Stripe | 1/09/2023 | 144 | 150 | 7 |
| &nbsp;&nbsp;&nbsp; 890fc462-80b0-4c34-87ed-791c0981c3eb, 16.090%, 1/07/2019 †x#^ | Funding Circle | 7/07/2017 | 40511 | 40511 | 12153 |
| &nbsp;&nbsp;&nbsp; 8910844660, 14.921%, 10/14/2026 †x¥# | Stripe | 4/18/2025 | 6471 | 6730 | 324 |
| &nbsp;&nbsp;&nbsp; 8912845240, 19.864%, 1/22/2025 †x¥#^ | Stripe | 7/28/2023 | 17600 | 18304 | 880 |
| &nbsp;&nbsp;&nbsp; 8916472559, 25.333%, 7/04/2024 †x¥#^ | Stripe | 1/09/2023 | 1090 | 1134 | 55 |
| &nbsp;&nbsp;&nbsp; 8916618512, 21.059%, 10/24/2024 †x¥#^ | Stripe | 5/01/2023 | 5999 | 6239 | 300 |
| &nbsp;&nbsp;&nbsp; 8917591406, 25.333%, 6/13/2024 †x¥#^ | Stripe | 12/19/2022 | 1778 | 1849 | 89 |
| &nbsp;&nbsp;&nbsp; 891877841, 16.267%, 3/19/2027 †x¥ | Stripe | 9/23/2025 | 88032 | 91553 | 92425 |
| &nbsp;&nbsp;&nbsp; 8918862509, 24.863%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 1700 | 1785 | 1785 |
| &nbsp;&nbsp;&nbsp; 8919580777, 20.530%, 10/05/2024 †x¥#^ | Stripe | 4/12/2023 | 6229 | 6478 | 311 |
| &nbsp;&nbsp;&nbsp; 8923711955, 26.529%, 6/16/2026 †x¥# | Stripe | 12/19/2024 | 16800 | 17472 | 840 |
| &nbsp;&nbsp;&nbsp; 8924596272, 22.399%, 9/03/2026 †x¥ | Stripe | 3/10/2025 | 23911 | 24868 | 25313 |
| &nbsp;&nbsp;&nbsp; 8928163762, 22.377%, 8/05/2026 †x¥ | Stripe | 2/07/2025 | 292 | 304 | 312 |
| &nbsp;&nbsp;&nbsp; 8929388456, 26.532%, 12/24/2026 †x¥ | Stripe | 6/30/2025 | 20660 | 21486 | 21858 |
| &nbsp;&nbsp;&nbsp; 8935623444, 16.000%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 14179 | 14888 | 14927 |
| &nbsp;&nbsp;&nbsp; 8939556006, 21.333%, 5/04/2024 †x¥#^ | Stripe | 11/09/2022 | 22038 | 22919 | 1102 |
| &nbsp;&nbsp;&nbsp; 8941539406, 24.532%, 4/11/2025 †x¥#^ | Stripe | 1/20/2023 | 42538 | 44240 | 2127 |
| &nbsp;&nbsp;&nbsp; 8946725853, 16.132%, 6/12/2026 †x¥ | Stripe | 12/17/2024 | 18485 | 19224 | 19424 |
| &nbsp;&nbsp;&nbsp; 894674690, 24.000%, 9/26/2023 †x¥#^ | Stripe | 3/31/2022 | 1081 | 1124 | 54 |
| &nbsp;&nbsp;&nbsp; 8948020405, 19.727%, 3/01/2025 †x¥#^ | Stripe | 9/07/2023 | 3521 | 3662 | 176 |
| &nbsp;&nbsp;&nbsp; 8948697015, 24.000%, 7/15/2023 †x¥#^ | Stripe | 1/20/2022 | 153 | 159 | 8 |
| &nbsp;&nbsp;&nbsp; 8950653149, 21.852%, 4/16/2024 †x¥#^ | Stripe | 10/20/2022 | 3227 | 3356 | 161 |
| &nbsp;&nbsp;&nbsp; 8954176962, 26.533%, 10/28/2026 †x¥# | Stripe | 8/12/2024 | 9376 | 9751 | 469 |
| &nbsp;&nbsp;&nbsp; 8964298010, 26.521%, 7/08/2025 †x¥#^ | Stripe | 1/11/2024 | 4273 | 4443 | 214 |
| &nbsp;&nbsp;&nbsp; 8968242028, 22.930%, 11/11/2025 †x¥#^ | Stripe | 5/16/2024 | 10893 | 11329 | 545 |
| &nbsp;&nbsp;&nbsp; 8968978050, 20.667%, 9/04/2026 †x¥ | Stripe | 3/11/2025 | 2734 | 2844 | 2872 |
| &nbsp;&nbsp;&nbsp; 8969971979, 18.666%, 3/03/2025 †x¥#^ | Stripe | 11/14/2022 | 18841 | 19595 | 942 |
| &nbsp;&nbsp;&nbsp; 8970501313, 19.333%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 7366 | 7734 | 7750 |
| &nbsp;&nbsp;&nbsp; 8971998390, 24.000%, 9/15/2023 †x¥#^ | Stripe | 3/22/2022 | 768 | 798 | 38 |
| &nbsp;&nbsp;&nbsp; 8972327173, 13.467%, 2/25/2026 †x¥#^ | Stripe | 8/30/2024 | 104324 | 108497 | 5216 |
| &nbsp;&nbsp;&nbsp; 8972429818, 22.388%, 9/26/2026 †x¥ | Stripe | 4/02/2025 | 1470 | 1529 | 1574 |
| &nbsp;&nbsp;&nbsp; 8973881004, 20.267%, 12/15/2024 †x¥#^ | Stripe | 10/04/2022 | 2059 | 2141 | 103 |
| &nbsp;&nbsp;&nbsp; 8976722517, 21.333%, 3/25/2025 †x¥#^ | Stripe | 9/28/2023 | 1076 | 1119 | 54 |
| &nbsp;&nbsp;&nbsp; 8978784658, 19.320%, 10/30/2026 †x¥ | Stripe | 5/06/2025 | 2722 | 2831 | 2870 |
| &nbsp;&nbsp;&nbsp; 8984555701, 25.722%, 7/05/2025 †x¥#^ | Stripe | 1/10/2024 | 1867 | 1941 | 93 |
| &nbsp;&nbsp;&nbsp; 8989190751, 20.924%, 12/12/2024 †x¥#^ | Stripe | 6/20/2023 | 7550 | 7852 | 378 |
| &nbsp;&nbsp;&nbsp; 8991892099, 22.400%, 9/29/2026 †x¥# | Stripe | 4/03/2025 | 1703 | 1771 | 320 |
| &nbsp;&nbsp;&nbsp; 8992013945, 21.045%, 11/07/2025 †x¥#^ | Stripe | 5/14/2024 | 2978 | 3098 | 149 |
| &nbsp;&nbsp;&nbsp; 8993549293, 26.526%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 6195 | 6442 | 6524 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6233** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 8994178689, 20.116%, 8/27/2024 †x¥#^ | Stripe | 3/02/2023 | $284 | $295 | $14 |
| &nbsp;&nbsp;&nbsp; 8998402265, 18.267%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 866 | 910 | 912 |
| &nbsp;&nbsp;&nbsp; 8b6b1c56-6b48-444f-9f52-02e0540fd46c, 10.790%, 8/20/2024 †x#^ | Funding Circle | 2/22/2019 | 143204 | 143204 | 42961 |
| &nbsp;&nbsp;&nbsp; 8b7bcb23-3830-46e2-89d9-063220975426, 13.920%, 2/25/2020 †x#^ | Funding Circle | 4/25/2018 | 16396 | 16396 | 4919 |
| &nbsp;&nbsp;&nbsp; 8d8c1634-c6b8-454a-b0de-b969192a24e3, 12.690%, 10/01/2018 †x#^ | Funding Circle | 4/03/2017 | 51647 | 51647 | 15494 |
| &nbsp;&nbsp;&nbsp; 9000984050, 20.381%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 1510 | 1571 | 76 |
| &nbsp;&nbsp;&nbsp; 9001163292, 20.364%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 1792 | 1881 | 1888 |
| &nbsp;&nbsp;&nbsp; 9001485025, 24.933%, 12/05/2025 †x¥#^ | Stripe | 9/14/2023 | 4930 | 5127 | 247 |
| &nbsp;&nbsp;&nbsp; 9002380753, 26.513%, 12/18/2024 †x¥#^ | Stripe | 6/23/2023 | 1535 | 1596 | 77 |
| &nbsp;&nbsp;&nbsp; 9004069075, 26.493%, 9/03/2025 †x¥#^ | Stripe | 7/11/2023 | 338 | 352 | 17 |
| &nbsp;&nbsp;&nbsp; 9004889592, 26.444%, 3/07/2026 †x¥# | Stripe | 9/11/2024 | 600 | 624 | 30 |
| &nbsp;&nbsp;&nbsp; 9005461200, 19.843%, 8/05/2026 †x¥# | Stripe | 5/20/2024 | 1403 | 1459 | 70 |
| &nbsp;&nbsp;&nbsp; 9006336376, 26.500%, 12/02/2025 †x¥#^ | Stripe | 6/06/2024 | 2120 | 2205 | 106 |
| &nbsp;&nbsp;&nbsp; 9011666669, 25.867%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 506 | 526 | 535 |
| &nbsp;&nbsp;&nbsp; 9018214041, 20.263%, 8/01/2024 †x¥#^ | Stripe | 2/06/2023 | 20216 | 21025 | 1011 |
| &nbsp;&nbsp;&nbsp; 9019867, 5.031%, 10/29/2026 †x¶# | Square | 5/01/2025 | 6287 | 5846 | 4557 |
| &nbsp;&nbsp;&nbsp; 9020276, 4.730%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 387 | 361 | 381 |
| &nbsp;&nbsp;&nbsp; 9021369, 4.717%, 10/29/2026 †x¶ | Square | 5/01/2025 | 1353 | 1264 | 1220 |
| &nbsp;&nbsp;&nbsp; 9021402, 5.911%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 143 | 132 | 140 |
| &nbsp;&nbsp;&nbsp; 9021563, 6.456%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 610 | 556 | 514 |
| &nbsp;&nbsp;&nbsp; 9021680, 5.344%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 3296 | 3085 | 2959 |
| &nbsp;&nbsp;&nbsp; 9021797, 6.446%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 5482 | 4999 | 5004 |
| &nbsp;&nbsp;&nbsp; 9022280475, 20.390%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 9022 | 9473 | 9499 |
| &nbsp;&nbsp;&nbsp; 9022368349, 18.000%, 1/26/2027 †x¥ | Stripe | 7/31/2025 | 1394 | 1450 | 1473 |
| &nbsp;&nbsp;&nbsp; 9023129, 4.722%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 1049 | 980 | 1031 |
| &nbsp;&nbsp;&nbsp; 9023220, 4.717%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 1280 | 1195 | 1241 |
| &nbsp;&nbsp;&nbsp; 9023359, 6.096%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 946 | 867 | 861 |
| &nbsp;&nbsp;&nbsp; 9023398, 4.715%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 2318 | 2165 | 2202 |
| &nbsp;&nbsp;&nbsp; 9023650, 6.092%, 10/29/2026 †x¶ | Square | 5/01/2025 | 1565 | 1434 | 1226 |
| &nbsp;&nbsp;&nbsp; 9024580297, 26.000%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 4946 | 5193 | 5207 |
| &nbsp;&nbsp;&nbsp; 9024672, 4.709%, 10/29/2026 †§x¶ | Square | 5/01/2025 | 713 | 666 | 689 |
| &nbsp;&nbsp;&nbsp; 9025849, 5.912%, 10/30/2026 †x¶ | Square | 5/02/2025 | 2046 | 1880 | 1629 |
| &nbsp;&nbsp;&nbsp; 9026165, 5.597%, 10/30/2026 †x¶# | Square | 5/02/2025 | 4937 | 4554 | 365 |
| &nbsp;&nbsp;&nbsp; 9026919, 4.722%, 10/30/2026 †§x¶ | Square | 5/02/2025 | 1250 | 1167 | 1206 |
| &nbsp;&nbsp;&nbsp; 9027125, 5.597%, 10/30/2026 †x¶ | Square | 5/02/2025 | 4621 | 4263 | 2849 |
| &nbsp;&nbsp;&nbsp; 9027188, 4.719%, 10/30/2026 †§x¶ | Square | 5/02/2025 | 1469 | 1372 | 1439 |
| &nbsp;&nbsp;&nbsp; 9027237, 5.027%, 10/30/2026 †§x¶ | Square | 5/02/2025 | 2769 | 2575 | 2544 |
| &nbsp;&nbsp;&nbsp; 9027531619, 26.510%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 2607 | 2711 | 2745 |
| &nbsp;&nbsp;&nbsp; 9028441, 5.600%, 10/30/2026 †§x¶ | Square | 5/02/2025 | 699 | 645 | 646 |
| &nbsp;&nbsp;&nbsp; 9028542, 4.721%, 10/30/2026 †§x¶ | Square | 5/02/2025 | 1487 | 1388 | 1441 |
| &nbsp;&nbsp;&nbsp; 9032568, 4.717%, 11/01/2026 †x¶ | Square | 5/05/2025 | 12672 | 11834 | 9609 |
| &nbsp;&nbsp;&nbsp; 9033002, 4.717%, 11/01/2026 †§x¶ | Square | 5/05/2025 | 233 | 218 | 230 |
| &nbsp;&nbsp;&nbsp; 9033228, 5.031%, 11/01/2026 †§x¶ | Square | 5/05/2025 | 4482 | 4168 | 4255 |
| &nbsp;&nbsp;&nbsp; 9033455, 4.717%, 11/01/2026 †§x¶ | Square | 5/05/2025 | 14103 | 13171 | 13455 |
| &nbsp;&nbsp;&nbsp; 9034070431, 23.465%, 9/22/2023 †x¥#^ | Stripe | 3/29/2022 | 10107 | 10511 | 505 |
| &nbsp;&nbsp;&nbsp; 9034249, 5.914%, 11/01/2026 †x¶ | Square | 5/05/2025 | 496 | 456 | 384 |
| &nbsp;&nbsp;&nbsp; 9034287, 5.637%, 11/01/2026 †§x¶ | Square | 5/05/2025 | 68 | 63 | 65 |
| &nbsp;&nbsp;&nbsp; 9034760, 5.031%, 11/01/2026 †§x¶ | Square | 5/05/2025 | 1019 | 948 | 998 |
| &nbsp;&nbsp;&nbsp; 9034924, 5.599%, 11/01/2026 †x¶ | Square | 5/05/2025 | 5045 | 4654 | 3552 |
| &nbsp;&nbsp;&nbsp; 9035535, 5.347%, 11/01/2026 †x¶# | Square | 5/05/2025 | 7402 | 6852 | 548 |
| &nbsp;&nbsp;&nbsp; 9036546, 4.718%, 11/01/2026 †§x¶ | Square | 5/05/2025 | 11321 | 10573 | 11101 |
| &nbsp;&nbsp;&nbsp; 9036773107, 26.527%, 11/04/2025 †x¥#^ | Stripe | 5/09/2024 | 5060 | 5262 | 253 |
| &nbsp;&nbsp;&nbsp; 9036957, 5.031%, 11/02/2026 †x¶ | Square | 5/06/2025 | 5500 | 5114 | 1952 |
| &nbsp;&nbsp;&nbsp; 9037095, 5.358%, 11/02/2026 †§x¶ | Square | 5/06/2025 | 785 | 727 | 755 |
| &nbsp;&nbsp;&nbsp; 9037165, 6.447%, 11/02/2026 †x¶# | Square | 5/06/2025 | 4957 | 4520 | 3095 |
| &nbsp;&nbsp;&nbsp; 9039099481, 19.324%, 3/12/2027 †x¥ | Stripe | 9/16/2025 | 3007 | 3128 | 3185 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6234** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9039320, 4.936%, 11/02/2026 †x¶# | Square | 5/06/2025 | $2538 | $2363 | $391 |
| &nbsp;&nbsp;&nbsp; 9039361, 5.597%, 11/02/2026 †x¶# | Square | 5/06/2025 | 30995 | 28598 | 2294 |
| &nbsp;&nbsp;&nbsp; 9041118, 6.459%, 11/02/2026 †x¶ | Square | 5/06/2025 | 990 | 906 | 664 |
| &nbsp;&nbsp;&nbsp; 9041373, 6.105%, 11/03/2026 †x¶# | Square | 5/07/2025 | 2685 | 2460 | 678 |
| &nbsp;&nbsp;&nbsp; 9041546, 5.037%, 11/03/2026 †x¶ | Square | 5/07/2025 | 1964 | 1826 | 1145 |
| &nbsp;&nbsp;&nbsp; 9041735, 4.715%, 11/03/2026 †x¶# | Square | 5/07/2025 | 4463 | 4168 | 2204 |
| &nbsp;&nbsp;&nbsp; 9041910, 4.717%, 11/03/2026 †§x¶ | Square | 5/07/2025 | 1536 | 1435 | 1512 |
| &nbsp;&nbsp;&nbsp; 9042040, 5.029%, 11/03/2026 †§x¶ | Square | 5/07/2025 | 1736 | 1614 | 1655 |
| &nbsp;&nbsp;&nbsp; 9042108, 4.708%, 11/03/2026 †x¶ | Square | 5/07/2025 | 1270 | 1186 | 957 |
| &nbsp;&nbsp;&nbsp; 9042166, 4.717%, 11/03/2026 †§x¶ | Square | 5/07/2025 | 1299 | 1213 | 1269 |
| &nbsp;&nbsp;&nbsp; 9042620, 6.080%, 11/04/2026 †x¶ | Square | 5/07/2025 | 798 | 731 | 321 |
| &nbsp;&nbsp;&nbsp; 9042837, 4.717%, 11/04/2026 †§x¶ | Square | 5/07/2025 | 212 | 198 | 210 |
| &nbsp;&nbsp;&nbsp; 9043207, 6.099%, 11/04/2026 †§x¶ | Square | 5/07/2025 | 7186 | 6583 | 5842 |
| &nbsp;&nbsp;&nbsp; 9044479, 6.285%, 11/05/2026 †x¶# | Square | 5/07/2025 | 4964 | 4536 | 2294 |
| &nbsp;&nbsp;&nbsp; 9045927491, 26.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 2160 | 2268 | 2268 |
| &nbsp;&nbsp;&nbsp; 9045994382, 21.333%, 10/23/2024 †x¥#^ | Stripe | 4/28/2023 | 314 | 326 | 16 |
| &nbsp;&nbsp;&nbsp; 9046078, 5.031%, 11/05/2026 †x¶# | Square | 5/07/2025 | 15465 | 14406 | 1144 |
| &nbsp;&nbsp;&nbsp; 9046326, 5.598%, 11/05/2026 †§x¶ | Square | 5/07/2025 | 7029 | 6488 | 5864 |
| &nbsp;&nbsp;&nbsp; 9046948, 5.346%, 11/05/2026 †§x¶ | Square | 5/07/2025 | 2938 | 2720 | 2823 |
| &nbsp;&nbsp;&nbsp; 9047093, 6.448%, 11/05/2026 †x¶# | Square | 5/07/2025 | 8207 | 7483 | 607 |
| &nbsp;&nbsp;&nbsp; 9047276, 5.346%, 11/05/2026 †§x¶ | Square | 5/07/2025 | 16116 | 14919 | 15567 |
| &nbsp;&nbsp;&nbsp; 9048232, 4.717%, 11/05/2026 †§x¶ | Square | 5/07/2025 | 7757 | 7245 | 7388 |
| &nbsp;&nbsp;&nbsp; 9048540, 5.344%, 11/06/2026 †§x¶ | Square | 5/08/2025 | 865 | 801 | 829 |
| &nbsp;&nbsp;&nbsp; 9048647480, 16.533%, 8/14/2025 †x¥#^ | Stripe | 2/20/2024 | 19729 | 20518 | 986 |
| &nbsp;&nbsp;&nbsp; 9049154, 4.717%, 11/06/2026 †§x¶ | Square | 5/08/2025 | 1146 | 1070 | 1130 |
| &nbsp;&nbsp;&nbsp; 9049847, 5.031%, 11/06/2026 †§x¶ | Square | 5/08/2025 | 880 | 818 | 840 |
| &nbsp;&nbsp;&nbsp; 9049914, 4.717%, 11/06/2026 †x¶ | Square | 5/08/2025 | 6735 | 6290 | 5569 |
| &nbsp;&nbsp;&nbsp; 9049934481, 22.353%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 567 | 589 | 602 |
| &nbsp;&nbsp;&nbsp; 9050131, 6.101%, 11/06/2026 †x¶# | Square | 5/08/2025 | 16804 | 15396 | 1244 |
| &nbsp;&nbsp;&nbsp; 9050826, 5.346%, 11/06/2026 †x¶ | Square | 5/08/2025 | 1458 | 1350 | 1386 |
| &nbsp;&nbsp;&nbsp; 9050901, 4.717%, 11/06/2026 †§x¶ | Square | 5/08/2025 | 13596 | 12697 | 12579 |
| &nbsp;&nbsp;&nbsp; 9051406, 4.719%, 11/06/2026 †x¶ | Square | 5/08/2025 | 6011 | 5614 | 4550 |
| &nbsp;&nbsp;&nbsp; 9051665, 6.451%, 11/06/2026 †x¶# | Square | 5/08/2025 | 2807 | 2559 | 459 |
| &nbsp;&nbsp;&nbsp; 9051681653, 22.786%, 4/19/2024 †x¥#^ | Stripe | 10/25/2022 | 2217 | 2306 | 111 |
| &nbsp;&nbsp;&nbsp; 9051791, 5.031%, 11/06/2026 †x¶# | Square | 5/08/2025 | 13558 | 12607 | 6560 |
| &nbsp;&nbsp;&nbsp; 9051923, 5.031%, 11/06/2026 †§x¶ | Square | 5/08/2025 | 20677 | 19228 | 20024 |
| &nbsp;&nbsp;&nbsp; 9052060087, 26.424%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 173 | 180 | 9 |
| &nbsp;&nbsp;&nbsp; 9052355552, 26.533%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 16030 | 16831 | 16928 |
| &nbsp;&nbsp;&nbsp; 9054562, 5.029%, 11/07/2026 †x¶ | Square | 5/09/2025 | 3277 | 3047 | 2541 |
| &nbsp;&nbsp;&nbsp; 9054683, 6.447%, 11/07/2026 †§x¶ | Square | 5/09/2025 | 955 | 871 | 502 |
| &nbsp;&nbsp;&nbsp; 9054725, 4.717%, 11/07/2026 †x¶ | Square | 5/09/2025 | 20215 | 18945 | 15479 |
| &nbsp;&nbsp;&nbsp; 9055109608, 18.667%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 19022 | 19783 | 951 |
| &nbsp;&nbsp;&nbsp; 9055266, 5.916%, 11/07/2026 †§x¶ | Square | 5/09/2025 | 232 | 213 | 228 |
| &nbsp;&nbsp;&nbsp; 9055542453, 26.485%, 8/05/2025 †x¥#^ | Stripe | 2/08/2024 | 1456 | 1514 | 73 |
| &nbsp;&nbsp;&nbsp; 9056521425, 22.118%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 2155 | 2241 | 108 |
| &nbsp;&nbsp;&nbsp; 9056566, 6.451%, 11/07/2026 †§x¶ | Square | 5/09/2025 | 501 | 456 | 471 |
| &nbsp;&nbsp;&nbsp; 9056588, 4.717%, 11/07/2026 †§x¶ | Square | 5/09/2025 | 6492 | 6063 | 6263 |
| &nbsp;&nbsp;&nbsp; 9058785505, 20.392%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | 3637 | 3783 | 3842 |
| &nbsp;&nbsp;&nbsp; 9059781501, 26.462%, 8/07/2026 †x¥ | Stripe | 2/11/2025 | 26 | 27 | 28 |
| &nbsp;&nbsp;&nbsp; 9059982569, 25.579%, 2/17/2027 †x¥ | Stripe | 8/22/2025 | 1299 | 1351 | 1378 |
| &nbsp;&nbsp;&nbsp; 9060895, 4.715%, 11/08/2026 †§x¶ | Square | 5/12/2025 | 1668 | 1558 | 1638 |
| &nbsp;&nbsp;&nbsp; 9061057422, 18.133%, 3/24/2027 †x¥ | Stripe | 9/26/2025 | 50998 | 53038 | 53465 |
| &nbsp;&nbsp;&nbsp; 9061166, 4.719%, 11/08/2026 †x¶ | Square | 5/12/2025 | 5995 | 5599 | 2575 |
| &nbsp;&nbsp;&nbsp; 9061392, 4.717%, 11/08/2026 †§x¶ | Square | 5/12/2025 | 2703 | 2524 | 2624 |
| &nbsp;&nbsp;&nbsp; 9061833595, 15.999%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 16786 | 17625 | 17626 |
| &nbsp;&nbsp;&nbsp; 9062548913, 22.252%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 7400 | 7770 | 7770 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6235** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9063044, 5.031%, 11/08/2026 †x¶ | Square | 5/12/2025 | $19149 | $17805 | $13240 |
| &nbsp;&nbsp;&nbsp; 9063357864, 24.000%, 8/20/2026 †x¥# | Stripe | 2/24/2025 | 5460 | 5678 | 1512 |
| &nbsp;&nbsp;&nbsp; 9064271, 6.108%, 11/08/2026 †§x¶ | Square | 5/12/2025 | 1520 | 1393 | 1371 |
| &nbsp;&nbsp;&nbsp; 9066036, 6.289%, 11/09/2026 †§x¶ | Square | 5/13/2025 | 2050 | 1874 | 1683 |
| &nbsp;&nbsp;&nbsp; 9066754, 6.303%, 11/09/2026 †§x¶ | Square | 5/13/2025 | 259 | 237 | 221 |
| &nbsp;&nbsp;&nbsp; 9067432, 5.036%, 11/09/2026 †§x¶ | Square | 5/13/2025 | 2151 | 2000 | 2001 |
| &nbsp;&nbsp;&nbsp; 9067546, 4.717%, 11/09/2026 †x¶ | Square | 5/13/2025 | 1930 | 1802 | 1654 |
| &nbsp;&nbsp;&nbsp; 9067906, 6.100%, 11/09/2026 †§x¶ | Square | 5/13/2025 | 16331 | 14962 | 15381 |
| &nbsp;&nbsp;&nbsp; 9068949524, 25.333%, 2/03/2024 †x¥#^ | Stripe | 8/10/2022 | 5003 | 5203 | 250 |
| &nbsp;&nbsp;&nbsp; 9069140, 6.456%, 11/09/2026 †§x¶ | Square | 5/13/2025 | 606 | 553 | 517 |
| &nbsp;&nbsp;&nbsp; 9069157, 5.031%, 11/09/2026 †§x¶ | Square | 5/13/2025 | 1781 | 1656 | 1615 |
| &nbsp;&nbsp;&nbsp; 9070602, 6.099%, 11/10/2026 †§x¶ | Square | 5/14/2025 | 1001 | 917 | 913 |
| &nbsp;&nbsp;&nbsp; 9070702, 4.711%, 11/10/2026 †§x¶ | Square | 5/14/2025 | 2065 | 1929 | 1918 |
| &nbsp;&nbsp;&nbsp; 9070764, 4.723%, 11/10/2026 †§x¶ | Square | 5/14/2025 | 1859 | 1736 | 1773 |
| &nbsp;&nbsp;&nbsp; 9070905, 5.039%, 11/10/2026 †x¶ | Square | 5/14/2025 | 1570 | 1459 | 283 |
| &nbsp;&nbsp;&nbsp; 9071273, 4.722%, 11/10/2026 †§x¶ | Square | 5/14/2025 | 921 | 860 | 874 |
| &nbsp;&nbsp;&nbsp; 9071680, 4.717%, 11/11/2026 †§x¶ | Square | 5/14/2025 | 1268 | 1184 | 1232 |
| &nbsp;&nbsp;&nbsp; 9072036, 5.038%, 11/11/2026 †§x¶ | Square | 5/14/2025 | 1025 | 953 | 987 |
| &nbsp;&nbsp;&nbsp; 9072456, 6.289%, 11/12/2026 †x¶# | Square | 5/14/2025 | 5150 | 4708 | 381 |
| &nbsp;&nbsp;&nbsp; 907434862, 23.848%, 4/11/2024 †x¥#^ | Stripe | 10/17/2022 | 1460 | 1519 | 73 |
| &nbsp;&nbsp;&nbsp; 9075426, 4.722%, 11/12/2026 †x¶ | Square | 5/14/2025 | 4504 | 4206 | 3561 |
| &nbsp;&nbsp;&nbsp; 9077121, 5.021%, 11/13/2026 †§x¶ | Square | 5/15/2025 | 1024 | 952 | 956 |
| &nbsp;&nbsp;&nbsp; 9077180, 6.289%, 11/13/2026 †x¶# | Square | 5/15/2025 | 11260 | 10290 | 5644 |
| &nbsp;&nbsp;&nbsp; 9077880, 5.047%, 11/13/2026 †§x¶ | Square | 5/15/2025 | 648 | 602 | 618 |
| &nbsp;&nbsp;&nbsp; 9078382142, 19.732%, 9/03/2024 †x¥#^ | Stripe | 3/09/2023 | 41957 | 43636 | 2098 |
| &nbsp;&nbsp;&nbsp; 9079532, 4.719%, 11/13/2026 †§x¶ | Square | 5/15/2025 | 5390 | 5034 | 5018 |
| &nbsp;&nbsp;&nbsp; 9080062, 6.101%, 11/13/2026 †x¶# | Square | 5/15/2025 | 61173 | 56044 | 4527 |
| &nbsp;&nbsp;&nbsp; 9081229, 4.720%, 11/13/2026 †§x¶ | Square | 5/15/2025 | 4297 | 4037 | 4098 |
| &nbsp;&nbsp;&nbsp; 9081397928, 25.333%, 12/05/2023 †x¥#^ | Stripe | 6/09/2022 | 1808 | 1880 | 90 |
| &nbsp;&nbsp;&nbsp; 9081675, 4.717%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 38154 | 35632 | 36573 |
| &nbsp;&nbsp;&nbsp; 9083252943, 26.507%, 6/19/2026 †x¥# | Stripe | 12/24/2024 | 540 | 561 | 103 |
| &nbsp;&nbsp;&nbsp; 9083598, 4.715%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 2681 | 2504 | 2604 |
| &nbsp;&nbsp;&nbsp; 9083794, 5.629%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 371 | 342 | 344 |
| &nbsp;&nbsp;&nbsp; 9083838, 4.719%, 11/14/2026 †x¶# | Square | 5/16/2025 | 3953 | 3692 | 3123 |
| &nbsp;&nbsp;&nbsp; 9083919, 4.718%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 8331 | 7781 | 8025 |
| &nbsp;&nbsp;&nbsp; 9084166, 5.600%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 4293 | 3962 | 3306 |
| &nbsp;&nbsp;&nbsp; 9084427, 4.717%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 3388 | 3164 | 3243 |
| &nbsp;&nbsp;&nbsp; 9084651, 4.717%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 1782 | 1664 | 1747 |
| &nbsp;&nbsp;&nbsp; 9085193, 4.717%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 476 | 445 | 469 |
| &nbsp;&nbsp;&nbsp; 9086615282, 17.997%, 5/22/2024 †x¥#^ | Stripe | 11/28/2022 | 3931 | 4088 | 197 |
| &nbsp;&nbsp;&nbsp; 9088835, 4.728%, 11/15/2026 †x¶ | Square | 5/19/2025 | 1817 | 1698 | 707 |
| &nbsp;&nbsp;&nbsp; 9090535, 4.718%, 11/15/2026 †§x¶ | Square | 5/19/2025 | 2057 | 1921 | 1985 |
| &nbsp;&nbsp;&nbsp; 9090595, 5.031%, 11/15/2026 †x¶ | Square | 5/19/2025 | 5288 | 4917 | 3223 |
| &nbsp;&nbsp;&nbsp; 9091487, 4.717%, 11/15/2026 †§x¶ | Square | 5/19/2025 | 14987 | 14071 | 14664 |
| &nbsp;&nbsp;&nbsp; 9092600, 4.718%, 11/15/2026 †§x¶ | Square | 5/19/2025 | 5247 | 4900 | 4934 |
| &nbsp;&nbsp;&nbsp; 909333591, 19.728%, 3/08/2024 †x¥#^ | Stripe | 9/13/2022 | 6975 | 7254 | 349 |
| &nbsp;&nbsp;&nbsp; 9094174, 4.717%, 11/16/2026 †§x¶ | Square | 5/20/2025 | 6687 | 6245 | 6280 |
| &nbsp;&nbsp;&nbsp; 9094607, 5.346%, 11/16/2026 †§x¶ | Square | 5/20/2025 | 4323 | 4002 | 4184 |
| &nbsp;&nbsp;&nbsp; 9095275, 4.941%, 11/16/2026 †x¶# | Square | 5/20/2025 | 4023 | 3745 | 298 |
| &nbsp;&nbsp;&nbsp; 9095376, 5.599%, 11/16/2026 †§x¶ | Square | 5/20/2025 | 2330 | 2149 | 2199 |
| &nbsp;&nbsp;&nbsp; 9095633695, 17.067%, 3/08/2025 †x¥#^ | Stripe | 9/13/2023 | 23879 | 24834 | 1194 |
| &nbsp;&nbsp;&nbsp; 9097488819, 18.933%, 10/21/2026 †x¥# | Stripe | 2/26/2025 | 50032 | 52033 | 13665 |
| &nbsp;&nbsp;&nbsp; 9097824, 4.734%, 11/17/2026 †§x¶ | Square | 5/21/2025 | 871 | 813 | 832 |
| &nbsp;&nbsp;&nbsp; 9099053, 5.340%, 11/18/2026 †§x¶ | Square | 5/21/2025 | 503 | 466 | 496 |
| &nbsp;&nbsp;&nbsp; 9099369, 6.449%, 11/18/2026 †§x¶ | Square | 5/21/2025 | 400 | 365 | 389 |
| &nbsp;&nbsp;&nbsp; 9099421, 5.917%, 11/18/2026 †§x¶ | Square | 5/21/2025 | 1780 | 1635 | 1448 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6236** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9100276732, 14.799%, 10/12/2024 †x¥#^ | Stripe | 2/16/2023 | $5386 | $5601 | $269 |
| &nbsp;&nbsp;&nbsp; 9101059, 4.719%, 11/19/2026 †§x¶ | Square | 5/21/2025 | 875 | 817 | 862 |
| &nbsp;&nbsp;&nbsp; 9101279, 4.717%, 11/19/2026 †§x¶ | Square | 5/21/2025 | 4053 | 3785 | 3875 |
| &nbsp;&nbsp;&nbsp; 9102925, 4.711%, 11/19/2026 †§x¶ | Square | 5/21/2025 | 839 | 783 | 815 |
| &nbsp;&nbsp;&nbsp; 9102931536, 20.933%, 10/28/2023 †x¥#^ | Stripe | 5/04/2022 | 35350 | 36764 | 1767 |
| &nbsp;&nbsp;&nbsp; 9103298, 4.715%, 11/19/2026 †§x¶ | Square | 5/21/2025 | 4017 | 3777 | 3775 |
| &nbsp;&nbsp;&nbsp; 9103309250, 25.333%, 12/12/2023 †x¥#^ | Stripe | 6/16/2022 | 506 | 527 | 25 |
| &nbsp;&nbsp;&nbsp; 9103399, 6.448%, 11/19/2026 †§x¶ | Square | 5/21/2025 | 1474 | 1344 | 1344 |
| &nbsp;&nbsp;&nbsp; 9105716, 4.717%, 11/20/2026 †§x¶ | Square | 5/22/2025 | 3741 | 3536 | 3670 |
| &nbsp;&nbsp;&nbsp; 9106071, 5.344%, 11/20/2026 †§x¶ | Square | 5/22/2025 | 2354 | 2180 | 2146 |
| &nbsp;&nbsp;&nbsp; 9106269078, 26.533%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 17593 | 18297 | 880 |
| &nbsp;&nbsp;&nbsp; 9108328, 5.912%, 11/20/2026 †§x¶ | Square | 5/22/2025 | 4142 | 3806 | 3599 |
| &nbsp;&nbsp;&nbsp; 9108657, 6.103%, 11/20/2026 †§x¶ | Square | 5/22/2025 | 5597 | 5128 | 4768 |
| &nbsp;&nbsp;&nbsp; 9109448, 6.276%, 11/21/2026 †§x¶ | Square | 5/23/2025 | 504 | 461 | 390 |
| &nbsp;&nbsp;&nbsp; 9109826330, 17.333%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 11850 | 12442 | 12447 |
| &nbsp;&nbsp;&nbsp; 9110155, 6.440%, 11/21/2026 †§x¶ | Square | 5/23/2025 | 1673 | 1526 | 1016 |
| &nbsp;&nbsp;&nbsp; 9110288, 6.447%, 11/21/2026 †x¶ | Square | 5/23/2025 | 1133 | 1033 | 684 |
| &nbsp;&nbsp;&nbsp; 9110345, 4.717%, 11/21/2026 †§x¶ | Square | 5/23/2025 | 2683 | 2506 | 2637 |
| &nbsp;&nbsp;&nbsp; 9110630, 5.031%, 11/21/2026 †x¶ | Square | 5/23/2025 | 8024 | 7461 | 4931 |
| &nbsp;&nbsp;&nbsp; 9110770, 6.434%, 11/21/2026 †§x¶ | Square | 5/23/2025 | 249 | 227 | 231 |
| &nbsp;&nbsp;&nbsp; 9110780, 6.437%, 11/21/2026 †x¶# | Square | 5/23/2025 | 1323 | 1207 | 748 |
| &nbsp;&nbsp;&nbsp; 9111510, 4.714%, 11/21/2026 †x¶ | Square | 5/23/2025 | 2072 | 1935 | 1925 |
| &nbsp;&nbsp;&nbsp; 9111841, 6.101%, 11/21/2026 †§x¶ | Square | 5/23/2025 | 31685 | 29028 | 25817 |
| &nbsp;&nbsp;&nbsp; 9112704006, 26.524%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 4999 | 5249 | 5261 |
| &nbsp;&nbsp;&nbsp; 9115521743, 26.533%, 1/07/2027 †x¥ | Stripe | 7/14/2025 | 2181 | 2268 | 2300 |
| &nbsp;&nbsp;&nbsp; 9115574779, 20.400%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 4093 | 4256 | 4301 |
| &nbsp;&nbsp;&nbsp; 9117844, 5.606%, 11/22/2026 †x¶ | Square | 5/27/2025 | 2320 | 2140 | 1716 |
| &nbsp;&nbsp;&nbsp; 9117911, 5.597%, 11/22/2026 †§x¶ | Square | 5/27/2025 | 10978 | 10133 | 9607 |
| &nbsp;&nbsp;&nbsp; 9118340, 4.955%, 11/22/2026 †x¶# | Square | 5/27/2025 | 899 | 837 | 168 |
| &nbsp;&nbsp;&nbsp; 9118833, 4.719%, 11/22/2026 †§x¶ | Square | 5/27/2025 | 3001 | 2803 | 2944 |
| &nbsp;&nbsp;&nbsp; 9119087988, 22.395%, 6/11/2027 †x¥ | Stripe | 3/20/2025 | 218 | 227 | 235 |
| &nbsp;&nbsp;&nbsp; 9120085182, 26.532%, 8/20/2026 †x¥ | Stripe | 2/24/2025 | 25679 | 26706 | 27248 |
| &nbsp;&nbsp;&nbsp; 9120171, 4.717%, 11/22/2026 †§x¶ | Square | 5/27/2025 | 3659 | 3418 | 3577 |
| &nbsp;&nbsp;&nbsp; 9120745133, 19.733%, 3/06/2024 †x¥#^ | Stripe | 9/09/2022 | 3425 | 3562 | 171 |
| &nbsp;&nbsp;&nbsp; 9121268, 4.717%, 11/22/2026 †§x¶ | Square | 5/27/2025 | 1448 | 1352 | 1384 |
| &nbsp;&nbsp;&nbsp; 9121337, 6.101%, 11/22/2026 †§x¶ | Square | 5/27/2025 | 38974 | 35707 | 28494 |
| &nbsp;&nbsp;&nbsp; 9122384, 4.717%, 11/22/2026 †§x¶ | Square | 5/27/2025 | 2276 | 2126 | 2218 |
| &nbsp;&nbsp;&nbsp; 9122686, 4.719%, 11/23/2026 †§x¶ | Square | 5/28/2025 | 2485 | 2320 | 2399 |
| &nbsp;&nbsp;&nbsp; 9122894898, 26.126%, 3/05/2026 †x¥# | Stripe | 9/09/2024 | 3330 | 3463 | 166 |
| &nbsp;&nbsp;&nbsp; 9122929, 5.031%, 11/23/2026 †x¶ | Square | 5/28/2025 | 1406 | 1308 | 1088 |
| &nbsp;&nbsp;&nbsp; 9124735, 5.600%, 11/23/2026 †§x¶ | Square | 5/28/2025 | 1304 | 1203 | 1272 |
| &nbsp;&nbsp;&nbsp; 9124860, 6.274%, 11/23/2026 †§x¶ | Square | 5/28/2025 | 292 | 267 | 226 |
| &nbsp;&nbsp;&nbsp; 9124984, 6.096%, 11/23/2026 †x¶# | Square | 5/28/2025 | 7188 | 6585 | 532 |
| &nbsp;&nbsp;&nbsp; 9125093, 5.604%, 11/23/2026 †x¶ | Square | 5/28/2025 | 2498 | 2304 | 1640 |
| &nbsp;&nbsp;&nbsp; 9125577, 4.937%, 11/23/2026 †§x¶ | Square | 5/28/2025 | 3224 | 3002 | 2510 |
| &nbsp;&nbsp;&nbsp; 9125713, 5.345%, 11/23/2026 †§x¶ | Square | 5/28/2025 | 1198 | 1109 | 1125 |
| &nbsp;&nbsp;&nbsp; 9126042, 4.718%, 11/23/2026 †§x¶ | Square | 5/28/2025 | 21442 | 20025 | 20722 |
| &nbsp;&nbsp;&nbsp; 9127279, 6.450%, 11/23/2026 †§x¶ | Square | 5/28/2025 | 984 | 897 | 923 |
| &nbsp;&nbsp;&nbsp; 9127682, 5.624%, 11/24/2026 †x¶# | Square | 5/29/2025 | 1163 | 1073 | 813 |
| &nbsp;&nbsp;&nbsp; 9127711, 4.713%, 11/24/2026 †§x¶ | Square | 5/29/2025 | 393 | 367 | 386 |
| &nbsp;&nbsp;&nbsp; 9127749, 4.720%, 11/24/2026 †§x¶ | Square | 5/29/2025 | 1959 | 1830 | 1907 |
| &nbsp;&nbsp;&nbsp; 9127817, 4.724%, 11/24/2026 †§x¶ | Square | 5/29/2025 | 1981 | 1850 | 1897 |
| &nbsp;&nbsp;&nbsp; 9127901, 5.604%, 11/24/2026 †§x¶ | Square | 5/29/2025 | 2720 | 2509 | 2313 |
| &nbsp;&nbsp;&nbsp; 9128011, 4.719%, 11/24/2026 †§x¶ | Square | 5/29/2025 | 3093 | 2889 | 3045 |
| &nbsp;&nbsp;&nbsp; 9128427, 5.590%, 11/25/2026 †x¶ | Square | 5/29/2025 | 2177 | 2008 | 1694 |
| &nbsp;&nbsp;&nbsp; 9128590, 4.719%, 11/25/2026 †§x¶ | Square | 5/29/2025 | 3417 | 3191 | 3292 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6237** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9128660, 5.912%, 11/25/2026 †§x¶ | Square | 5/29/2025 | $398 | $366 | $378 |
| &nbsp;&nbsp;&nbsp; 9128674, 4.720%, 11/25/2026 †§x¶ | Square | 5/29/2025 | 3218 | 3005 | 3136 |
| &nbsp;&nbsp;&nbsp; 9128786, 5.031%, 11/25/2026 †§x¶ | Square | 5/29/2025 | 3653 | 3396 | 3368 |
| &nbsp;&nbsp;&nbsp; 9128963, 4.722%, 11/25/2026 †§x¶ | Square | 5/29/2025 | 1497 | 1398 | 1466 |
| &nbsp;&nbsp;&nbsp; 9129038, 5.912%, 11/25/2026 †x¶ | Square | 5/29/2025 | 24070 | 22109 | 13152 |
| &nbsp;&nbsp;&nbsp; 9129404, 6.096%, 11/26/2026 †§x¶ | Square | 5/29/2025 | 530 | 485 | 510 |
| &nbsp;&nbsp;&nbsp; 9129444017, 18.378%, 1/01/2024 †x¥#^ | Stripe | 1/06/2022 | 250 | 260 | 13 |
| &nbsp;&nbsp;&nbsp; 9129501, 4.706%, 11/26/2026 †§x¶ | Square | 5/29/2025 | 935 | 873 | 899 |
| &nbsp;&nbsp;&nbsp; 9129591, 4.717%, 11/26/2026 †§x¶ | Square | 5/29/2025 | 1456 | 1360 | 1426 |
| &nbsp;&nbsp;&nbsp; 9129605158, 18.921%, 3/02/2024 †x¥#^ | Stripe | 9/08/2022 | 710 | 738 | 35 |
| &nbsp;&nbsp;&nbsp; 9129698, 5.346%, 11/26/2026 †§x¶ | Square | 5/29/2025 | 1937 | 1794 | 1826 |
| &nbsp;&nbsp;&nbsp; 9129747, 6.096%, 11/26/2026 †x¶# | Square | 5/29/2025 | 1236 | 1132 | 91 |
| &nbsp;&nbsp;&nbsp; 9129764, 4.717%, 11/26/2026 †x¶ | Square | 5/29/2025 | 10854 | 10137 | 9163 |
| &nbsp;&nbsp;&nbsp; 9130087, 5.349%, 11/26/2026 †§x¶ | Square | 5/29/2025 | 2713 | 2511 | 2624 |
| &nbsp;&nbsp;&nbsp; 9132345, 5.031%, 11/27/2026 †§x¶ | Square | 5/29/2025 | 264 | 246 | 261 |
| &nbsp;&nbsp;&nbsp; 9133863, 5.031%, 11/27/2026 †§x¶ | Square | 5/29/2025 | 7848 | 7298 | 7469 |
| &nbsp;&nbsp;&nbsp; 9134185, 6.447%, 11/27/2026 †§x¶ | Square | 5/29/2025 | 1942 | 1771 | 1570 |
| &nbsp;&nbsp;&nbsp; 9134708, 4.716%, 11/27/2026 †x¶ | Square | 5/29/2025 | 3486 | 3256 | 2909 |
| &nbsp;&nbsp;&nbsp; 9135647, 6.101%, 11/28/2026 †x¶ | Square | 5/30/2025 | 18046 | 16533 | 11549 |
| &nbsp;&nbsp;&nbsp; 9136571094, 25.850%, 10/09/2026 †x¥ | Stripe | 4/15/2025 | 1506 | 1566 | 1614 |
| &nbsp;&nbsp;&nbsp; 9137483, 6.101%, 11/28/2026 †x¶ | Square | 5/30/2025 | 41532 | 38050 | 23143 |
| &nbsp;&nbsp;&nbsp; 9138020678, 16.000%, 2/11/2027 †x¥ | Stripe | 8/18/2025 | 81310 | 84563 | 85263 |
| &nbsp;&nbsp;&nbsp; 9138396393, 19.729%, 11/19/2024 †x¥#^ | Stripe | 5/25/2023 | 11286 | 11738 | 564 |
| &nbsp;&nbsp;&nbsp; 9138937, 4.719%, 11/28/2026 †§x¶ | Square | 5/30/2025 | 7507 | 7011 | 7044 |
| &nbsp;&nbsp;&nbsp; 9139144734, 23.197%, 3/11/2025 †x¥#^ | Stripe | 9/14/2023 | 2119 | 2204 | 106 |
| &nbsp;&nbsp;&nbsp; 9139296, 5.587%, 11/28/2026 †§x¶ | Square | 5/30/2025 | 741 | 684 | 713 |
| &nbsp;&nbsp;&nbsp; 9139418, 6.102%, 11/28/2026 †x¶ | Square | 5/30/2025 | 5642 | 5169 | 2942 |
| &nbsp;&nbsp;&nbsp; 9139624, 6.448%, 11/28/2026 †§x¶ | Square | 5/30/2025 | 4949 | 4513 | 4183 |
| &nbsp;&nbsp;&nbsp; 9139938, 5.346%, 11/28/2026 †§x¶ | Square | 5/30/2025 | 12013 | 11122 | 11781 |
| &nbsp;&nbsp;&nbsp; 9144955392, 26.532%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 4025 | 4186 | 4259 |
| &nbsp;&nbsp;&nbsp; 9146106128, 26.495%, 3/05/2027 †x¥ | Stripe | 9/09/2025 | 2406 | 2502 | 2517 |
| &nbsp;&nbsp;&nbsp; 9147064821, 20.400%, 6/15/2024 †x¥#^ | Stripe | 12/21/2022 | 650 | 676 | 33 |
| &nbsp;&nbsp;&nbsp; 9147246, 5.031%, 11/29/2026 †§x¶ | Square | 6/02/2025 | 38249 | 35564 | 37474 |
| &nbsp;&nbsp;&nbsp; 9148313389, 26.533%, 1/18/2025 †x¥#^ | Stripe | 7/26/2023 | 5166 | 5372 | 258 |
| &nbsp;&nbsp;&nbsp; 9148462092, 16.000%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 21704 | 22789 | 22799 |
| &nbsp;&nbsp;&nbsp; 9149638291, 26.424%, 6/27/2026 †x¥# | Stripe | 1/02/2025 | 978 | 1017 | 49 |
| &nbsp;&nbsp;&nbsp; 9151814, 5.346%, 11/30/2026 †x¶ | Square | 6/03/2025 | 83104 | 76935 | 58287 |
| &nbsp;&nbsp;&nbsp; 9165229, 5.031%, 12/03/2026 †§x¶ | Square | 6/05/2025 | 18511 | 17212 | 18229 |
| &nbsp;&nbsp;&nbsp; 9165766099, 23.063%, 7/01/2023 †x¥#^ | Stripe | 1/05/2022 | 3120 | 3245 | 156 |
| &nbsp;&nbsp;&nbsp; 9170980496, 20.529%, 8/16/2024 †x¥#^ | Stripe | 2/22/2023 | 1075 | 1118 | 54 |
| &nbsp;&nbsp;&nbsp; 9173262781, 18.133%, 2/09/2027 †x¥ | Stripe | 8/14/2025 | 6131 | 6377 | 6473 |
| &nbsp;&nbsp;&nbsp; 9176490, 6.446%, 12/05/2026 †§x¶ | Square | 6/09/2025 | 47060 | 42910 | 40587 |
| &nbsp;&nbsp;&nbsp; 9178151, 4.717%, 12/05/2026 †§x¶ | Square | 6/09/2025 | 57147 | 53371 | 55497 |
| &nbsp;&nbsp;&nbsp; 9178268228, 22.398%, 9/04/2026 †x¥ | Stripe | 3/11/2025 | 5655 | 5882 | 6038 |
| &nbsp;&nbsp;&nbsp; 9180436, 5.031%, 12/06/2026 †§x¶ | Square | 6/10/2025 | 46759 | 43478 | 45615 |
| &nbsp;&nbsp;&nbsp; 9193724, 6.100%, 12/10/2026 †x¶# | Square | 6/12/2025 | 116261 | 106514 | 36358 |
| &nbsp;&nbsp;&nbsp; 9194048, 4.717%, 12/10/2026 †§x¶ | Square | 6/12/2025 | 120000 | 112092 | 98026 |
| &nbsp;&nbsp;&nbsp; 9197455, 5.031%, 12/11/2026 †§x¶ | Square | 6/13/2025 | 39879 | 37081 | 39053 |
| &nbsp;&nbsp;&nbsp; 9197717320, 17.859%, 10/29/2026 †x¥ | Stripe | 5/05/2025 | 5696 | 5924 | 6005 |
| &nbsp;&nbsp;&nbsp; 9199314943, 21.978%, 9/01/2026 †x¥# | Stripe | 3/06/2025 | 1459 | 1518 | 273 |
| &nbsp;&nbsp;&nbsp; 9203435591, 23.407%, 4/04/2024 †x¥#^ | Stripe | 10/11/2022 | 1500 | 1560 | 75 |
| &nbsp;&nbsp;&nbsp; 9204561, 5.346%, 12/12/2026 †§x¶ | Square | 6/16/2025 | 75858 | 70227 | 68814 |
| &nbsp;&nbsp;&nbsp; 9205141852, 16.133%, 8/06/2024 †x¥#^ | Stripe | 2/09/2023 | 44007 | 45767 | 2200 |
| &nbsp;&nbsp;&nbsp; 9206639706, 26.529%, 11/16/2024 †x¥#^ | Stripe | 5/24/2023 | 741 | 771 | 37 |
| &nbsp;&nbsp;&nbsp; 9207361, 4.717%, 12/12/2026 †§x¶ | Square | 6/16/2025 | 27267 | 25465 | 26724 |
| &nbsp;&nbsp;&nbsp; 920941704, 25.600%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 4000 | 4200 | 4211 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6238** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9209799565, 25.333%, 4/25/2024 †x¥#^ | Stripe | 10/31/2022 | $10422 | $10839 | $521 |
| &nbsp;&nbsp;&nbsp; 9211097279, 15.466%, 9/12/2023 †x¥#^ | Stripe | 3/17/2022 | 97744 | 101654 | 4887 |
| &nbsp;&nbsp;&nbsp; 9211837, 5.912%, 12/13/2026 †§x¶ | Square | 6/17/2025 | 26444 | 24290 | 25839 |
| &nbsp;&nbsp;&nbsp; 9212182135, 26.526%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 1480 | 1554 | 1560 |
| &nbsp;&nbsp;&nbsp; 9217074023, 25.333%, 1/04/2024 †x¥#^ | Stripe | 7/11/2022 | 7847 | 8161 | 392 |
| &nbsp;&nbsp;&nbsp; 9219813895, 13.066%, 10/24/2026 †x¥ | Stripe | 4/30/2025 | 16517 | 17178 | 17323 |
| &nbsp;&nbsp;&nbsp; 9221093598, 23.330%, 6/16/2026 †x¥# | Stripe | 4/11/2024 | 975 | 1014 | 49 |
| &nbsp;&nbsp;&nbsp; 9221529993, 19.600%, 3/21/2024 †x¥#^ | Stripe | 9/26/2022 | 1558 | 1621 | 78 |
| &nbsp;&nbsp;&nbsp; 9225870657, 16.400%, 9/05/2023 †x¥#^ | Stripe | 3/10/2022 | 21230 | 22080 | 1062 |
| &nbsp;&nbsp;&nbsp; 9226430, 4.717%, 12/17/2026 †§x¶ | Square | 6/20/2025 | 50309 | 46985 | 48949 |
| &nbsp;&nbsp;&nbsp; 9226579153, 26.513%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 2889 | 3004 | 3038 |
| &nbsp;&nbsp;&nbsp; 9229965074, 17.333%, 10/07/2023 †x¥#^ | Stripe | 4/13/2022 | 6841 | 7115 | 342 |
| &nbsp;&nbsp;&nbsp; 9230921254, 17.200%, 2/17/2024 †x¥#^ | Stripe | 8/24/2022 | 8002 | 8322 | 400 |
| &nbsp;&nbsp;&nbsp; 9231756896, 18.123%, 3/26/2027 †x¥ | Stripe | 9/30/2025 | 4323 | 4496 | 4547 |
| &nbsp;&nbsp;&nbsp; 9232574578, 25.583%, 3/19/2027 †x¥ | Stripe | 9/23/2025 | 326 | 339 | 348 |
| &nbsp;&nbsp;&nbsp; 923272701, 26.510%, 1/23/2026 †x¥#^ | Stripe | 7/30/2024 | 4533 | 4715 | 227 |
| &nbsp;&nbsp;&nbsp; 9235132, 5.031%, 12/18/2026 †§x¶ | Square | 6/23/2025 | 75971 | 70640 | 67382 |
| &nbsp;&nbsp;&nbsp; 9236015, 5.031%, 12/19/2026 †x¶ | Square | 6/24/2025 | 25723 | 23918 | 25318 |
| &nbsp;&nbsp;&nbsp; 9239739642, 18.131%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 2678 | 2785 | 2839 |
| &nbsp;&nbsp;&nbsp; 9241718133, 25.859%, 7/16/2026 †x¥ | Stripe | 1/21/2025 | 560 | 582 | 604 |
| &nbsp;&nbsp;&nbsp; 9243082348, 13.056%, 6/13/2026 †x¥ | Stripe | 12/18/2024 | 694 | 722 | 732 |
| &nbsp;&nbsp;&nbsp; 9247930, 6.447%, 12/23/2026 †x¶ | Square | 6/25/2025 | 55486 | 50593 | 46017 |
| &nbsp;&nbsp;&nbsp; 9248895, 4.717%, 12/23/2026 †§x¶ | Square | 6/25/2025 | 59271 | 55355 | 56885 |
| &nbsp;&nbsp;&nbsp; 9251426838, 15.833%, 1/13/2026 †x¥#^ | Stripe | 7/18/2024 | 1571 | 1633 | 79 |
| &nbsp;&nbsp;&nbsp; 9252436386, 25.867%, 6/27/2026 †x¥ | Stripe | 1/02/2025 | 289 | 301 | 309 |
| &nbsp;&nbsp;&nbsp; 9252518, 5.346%, 12/24/2026 †x¶# | Square | 6/26/2025 | 124027 | 117040 | 9178 |
| &nbsp;&nbsp;&nbsp; 9252869540, 13.600%, 10/23/2024 †x¥#^ | Stripe | 4/28/2023 | 33083 | 34406 | 1654 |
| &nbsp;&nbsp;&nbsp; 9253360, 4.717%, 12/24/2026 †§x¶ | Square | 6/26/2025 | 51374 | 47979 | 49680 |
| &nbsp;&nbsp;&nbsp; 925704905, 19.461%, 4/09/2025 †x¥#^ | Stripe | 10/13/2023 | 7585 | 7888 | 379 |
| &nbsp;&nbsp;&nbsp; 9257947, 5.031%, 12/25/2026 †§x¶ | Square | 6/27/2025 | 21075 | 19596 | 20738 |
| &nbsp;&nbsp;&nbsp; 9264410, 5.031%, 12/26/2026 †§x¶ | Square | 6/30/2025 | 9528 | 8859 | 9403 |
| &nbsp;&nbsp;&nbsp; 9264443239, 25.866%, 8/19/2026 †x¥ | Stripe | 12/26/2024 | 1393 | 1449 | 1514 |
| &nbsp;&nbsp;&nbsp; 9268036, 6.289%, 12/27/2026 †x¶ | Square | 7/01/2025 | 1463 | 1337 | 944 |
| &nbsp;&nbsp;&nbsp; 9268138, 6.442%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 558 | 509 | 535 |
| &nbsp;&nbsp;&nbsp; 9268176, 5.031%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 6950 | 6463 | 6710 |
| &nbsp;&nbsp;&nbsp; 9268556, 4.711%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 1841 | 1719 | 1795 |
| &nbsp;&nbsp;&nbsp; 9268909, 5.031%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 7222 | 6715 | 6968 |
| &nbsp;&nbsp;&nbsp; 9269432, 6.459%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 312 | 285 | 302 |
| &nbsp;&nbsp;&nbsp; 9269463, 4.719%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 2625 | 2452 | 2488 |
| &nbsp;&nbsp;&nbsp; 9269523, 5.031%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 10947 | 10179 | 9867 |
| &nbsp;&nbsp;&nbsp; 9269744446, 26.131%, 6/03/2025 †x¥#^ | Stripe | 12/07/2023 | 11894 | 12370 | 595 |
| &nbsp;&nbsp;&nbsp; 9269748, 6.095%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 759 | 696 | 743 |
| &nbsp;&nbsp;&nbsp; 9270005, 6.447%, 12/27/2026 †x¶ | Square | 7/01/2025 | 1314 | 1198 | 934 |
| &nbsp;&nbsp;&nbsp; 9270057, 6.457%, 12/27/2026 †x¶# | Square | 7/01/2025 | 1210 | 1103 | 360 |
| &nbsp;&nbsp;&nbsp; 9270084, 6.469%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 553 | 504 | 377 |
| &nbsp;&nbsp;&nbsp; 9270094, 6.289%, 12/27/2026 †x¶ | Square | 7/01/2025 | 14553 | 13298 | 4631 |
| &nbsp;&nbsp;&nbsp; 9270428, 4.719%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 4157 | 3882 | 4085 |
| &nbsp;&nbsp;&nbsp; 9270775, 5.346%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 3417 | 3164 | 3260 |
| &nbsp;&nbsp;&nbsp; 9270850, 5.910%, 12/27/2026 †x¶ | Square | 7/01/2025 | 7906 | 7262 | 3955 |
| &nbsp;&nbsp;&nbsp; 9270974, 4.715%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 2192 | 2047 | 2139 |
| &nbsp;&nbsp;&nbsp; 9271109, 5.912%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 1169 | 1074 | 1135 |
| &nbsp;&nbsp;&nbsp; 9271157, 6.451%, 12/27/2026 †x¶# | Square | 7/01/2025 | 746 | 680 | 508 |
| &nbsp;&nbsp;&nbsp; 9271753, 5.597%, 12/27/2026 †x¶ | Square | 7/01/2025 | 9453 | 8721 | 6214 |
| &nbsp;&nbsp;&nbsp; 9271905, 5.031%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 2465 | 2292 | 2363 |
| &nbsp;&nbsp;&nbsp; 9272029, 6.451%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 559 | 509 | 526 |
| &nbsp;&nbsp;&nbsp; 9272168, 5.031%, 12/27/2026 †§x¶ | Square | 7/01/2025 | 11066 | 10289 | 10601 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6239** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9272504, 5.047%, 12/27/2026 †§x¶ | Square | 7/01/2025 | $555 | $517 | $536 |
| &nbsp;&nbsp;&nbsp; 9272519, 6.446%, 12/27/2026 †x¶# | Square | 7/01/2025 | 19169 | 17479 | 5898 |
| &nbsp;&nbsp;&nbsp; 9272724, 4.720%, 12/28/2026 †x¶ | Square | 7/02/2025 | 8667 | 8094 | 7322 |
| &nbsp;&nbsp;&nbsp; 9272828, 4.713%, 12/28/2026 †§x¶ | Square | 7/02/2025 | 2285 | 2152 | 2217 |
| &nbsp;&nbsp;&nbsp; 9273081, 5.350%, 12/28/2026 †x¶ | Square | 7/02/2025 | 4308 | 3988 | 3650 |
| &nbsp;&nbsp;&nbsp; 9273226, 4.715%, 12/28/2026 †§x¶ | Square | 7/02/2025 | 2170 | 2027 | 2121 |
| &nbsp;&nbsp;&nbsp; 9273279, 5.031%, 12/28/2026 †§x¶ | Square | 7/02/2025 | 1837 | 1708 | 1791 |
| &nbsp;&nbsp;&nbsp; 9273405, 6.102%, 12/28/2026 †x¶# | Square | 7/02/2025 | 19855 | 18190 | 1469 |
| &nbsp;&nbsp;&nbsp; 9273644, 4.715%, 12/28/2026 †§x¶ | Square | 7/02/2025 | 2632 | 2458 | 2550 |
| &nbsp;&nbsp;&nbsp; 9274003, 5.622%, 12/29/2026 †§x¶ | Square | 7/02/2025 | 187 | 173 | 179 |
| &nbsp;&nbsp;&nbsp; 9274024, 4.948%, 12/29/2026 †§x¶ | Square | 7/02/2025 | 1160 | 1080 | 687 |
| &nbsp;&nbsp;&nbsp; 9274161815, 18.925%, 1/04/2027 †x¥# | Stripe | 10/31/2024 | 2298 | 2389 | 426 |
| &nbsp;&nbsp;&nbsp; 9274215, 4.717%, 12/29/2026 †§x¶ | Square | 7/02/2025 | 3241 | 3027 | 3177 |
| &nbsp;&nbsp;&nbsp; 9274323, 6.447%, 12/29/2026 †§x¶ | Square | 7/02/2025 | 499 | 455 | 482 |
| &nbsp;&nbsp;&nbsp; 9274414, 5.031%, 12/29/2026 †§x¶ | Square | 7/02/2025 | 13224 | 12296 | 12662 |
| &nbsp;&nbsp;&nbsp; 9274646, 4.721%, 12/29/2026 †x¶ | Square | 7/02/2025 | 2055 | 1919 | 2016 |
| &nbsp;&nbsp;&nbsp; 9275690, 4.717%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 3143 | 3002 | 3062 |
| &nbsp;&nbsp;&nbsp; 9275974, 4.714%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 2625 | 2452 | 2538 |
| &nbsp;&nbsp;&nbsp; 9276563, 4.717%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 9529 | 8899 | 8204 |
| &nbsp;&nbsp;&nbsp; 9276924, 4.959%, 12/30/2026 †x¶# | Square | 7/02/2025 | 1006 | 936 | 74 |
| &nbsp;&nbsp;&nbsp; 9276934, 4.717%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 5960 | 5566 | 5862 |
| &nbsp;&nbsp;&nbsp; 9277652, 4.717%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 2957 | 2762 | 2886 |
| &nbsp;&nbsp;&nbsp; 9277835, 5.031%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 15269 | 14197 | 14741 |
| &nbsp;&nbsp;&nbsp; 9278408, 5.031%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 19930 | 18531 | 19357 |
| &nbsp;&nbsp;&nbsp; 9279709, 4.721%, 12/30/2026 †§x¶ | Square | 7/02/2025 | 2701 | 2522 | 2580 |
| &nbsp;&nbsp;&nbsp; 9279875451, 20.768%, 3/23/2027 †x¥# | Stripe | 1/22/2025 | 1519 | 1580 | 284 |
| &nbsp;&nbsp;&nbsp; 9280913, 5.597%, 1/01/2027 †x¶# | Square | 7/03/2025 | 19798 | 18265 | 1465 |
| &nbsp;&nbsp;&nbsp; 9281218, 5.593%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 1052 | 971 | 1014 |
| &nbsp;&nbsp;&nbsp; 9281587, 4.713%, 1/01/2027 †x¶ | Square | 7/03/2025 | 2461 | 2299 | 2047 |
| &nbsp;&nbsp;&nbsp; 9282341, 4.726%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 739 | 690 | 726 |
| &nbsp;&nbsp;&nbsp; 9282464, 5.031%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 25113 | 23350 | 24062 |
| &nbsp;&nbsp;&nbsp; 9282660271, 22.267%, 11/09/2022 †x¥#^ | Stripe | 5/14/2021 | 444 | 462 | 22 |
| &nbsp;&nbsp;&nbsp; 9283573, 6.276%, 1/01/2027 †x¶# | Square | 7/03/2025 | 2015 | 1842 | 149 |
| &nbsp;&nbsp;&nbsp; 9283617, 5.031%, 1/01/2027 †x¶ | Square | 7/03/2025 | 17970 | 16709 | 16728 |
| &nbsp;&nbsp;&nbsp; 9284128, 4.717%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 2018 | 1885 | 1734 |
| &nbsp;&nbsp;&nbsp; 928444937, 25.333%, 5/03/2024 †x¥#^ | Stripe | 11/08/2022 | 8869 | 9224 | 443 |
| &nbsp;&nbsp;&nbsp; 9284591, 5.909%, 1/01/2027 †x¶# | Square | 7/03/2025 | 7352 | 6753 | 1000 |
| &nbsp;&nbsp;&nbsp; 9284803, 4.717%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 2108 | 1968 | 2079 |
| &nbsp;&nbsp;&nbsp; 9285008670, 24.000%, 11/02/2023 †x¥#^ | Stripe | 5/09/2022 | 822 | 855 | 41 |
| &nbsp;&nbsp;&nbsp; 9285345206, 15.194%, 5/29/2024 †x¥#^ | Stripe | 12/02/2022 | 11170 | 11617 | 559 |
| &nbsp;&nbsp;&nbsp; 9285404, 6.448%, 1/01/2027 †x¶# | Square | 7/03/2025 | 4382 | 3995 | 324 |
| &nbsp;&nbsp;&nbsp; 9285438, 4.696%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 341 | 318 | 328 |
| &nbsp;&nbsp;&nbsp; 9285527, 4.717%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 4375 | 4086 | 4217 |
| &nbsp;&nbsp;&nbsp; 9285661, 4.716%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 4106 | 3835 | 3999 |
| &nbsp;&nbsp;&nbsp; 9285948683, 16.262%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 23743 | 24930 | 24980 |
| &nbsp;&nbsp;&nbsp; 928682779, 21.054%, 12/02/2025 †x¥#^ | Stripe | 6/06/2024 | 2127 | 2212 | 106 |
| &nbsp;&nbsp;&nbsp; 9286859396, 24.000%, 5/25/2024 †x¥#^ | Stripe | 3/10/2022 | 876 | 911 | 44 |
| &nbsp;&nbsp;&nbsp; 9290215693, 20.667%, 9/28/2024 †x¥#^ | Stripe | 4/05/2023 | 21445 | 22303 | 1072 |
| &nbsp;&nbsp;&nbsp; 9290765, 5.348%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 5482 | 5075 | 5314 |
| &nbsp;&nbsp;&nbsp; 9290913, 6.447%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 152 | 139 | 149 |
| &nbsp;&nbsp;&nbsp; 9290943, 4.717%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 5136 | 4797 | 4992 |
| &nbsp;&nbsp;&nbsp; 9291127, 5.027%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 2029 | 1887 | 1960 |
| &nbsp;&nbsp;&nbsp; 9291196, 6.289%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 807 | 737 | 558 |
| &nbsp;&nbsp;&nbsp; 9291223, 5.031%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 4391 | 4153 | 4268 |
| &nbsp;&nbsp;&nbsp; 9291466, 5.904%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 1339 | 1230 | 1283 |
| &nbsp;&nbsp;&nbsp; 9291770, 4.727%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 1848 | 1725 | 1740 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6240** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9292665, 4.717%, 1/02/2027 †§x¶ | Square | 7/07/2025 | $3451 | $3223 | $3343 |
| &nbsp;&nbsp;&nbsp; 9292783, 6.098%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 4309 | 3948 | 1880 |
| &nbsp;&nbsp;&nbsp; 9292894, 4.719%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 6079 | 5677 | 5887 |
| &nbsp;&nbsp;&nbsp; 9293120, 4.717%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 5063 | 4729 | 4903 |
| &nbsp;&nbsp;&nbsp; 9293354, 4.718%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 4782 | 4466 | 4646 |
| &nbsp;&nbsp;&nbsp; 9293560, 5.604%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 1423 | 1313 | 1324 |
| &nbsp;&nbsp;&nbsp; 9293598, 5.350%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 2798 | 2590 | 2694 |
| &nbsp;&nbsp;&nbsp; 9293749, 4.721%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 5023 | 4691 | 4296 |
| &nbsp;&nbsp;&nbsp; 9293861, 4.718%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 10287 | 9607 | 10031 |
| &nbsp;&nbsp;&nbsp; 9294178, 4.717%, 1/02/2027 †x¶ | Square | 7/07/2025 | 5135 | 4795 | 4150 |
| &nbsp;&nbsp;&nbsp; 9294206, 6.100%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 280 | 256 | 275 |
| &nbsp;&nbsp;&nbsp; 9294260, 4.713%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 2228 | 2081 | 2163 |
| &nbsp;&nbsp;&nbsp; 9294489, 5.611%, 1/02/2027 †x¶# | Square | 7/07/2025 | 1452 | 1340 | 107 |
| &nbsp;&nbsp;&nbsp; 9294534, 4.719%, 1/02/2027 †x¶ | Square | 7/07/2025 | 14488 | 13530 | 12148 |
| &nbsp;&nbsp;&nbsp; 9294857094, 25.833%, 7/14/2026 †x¥# | Stripe | 1/16/2025 | 278 | 290 | 113 |
| &nbsp;&nbsp;&nbsp; 9294876, 6.284%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 395 | 361 | 381 |
| &nbsp;&nbsp;&nbsp; 9294933, 6.282%, 1/02/2027 †x¶ | Square | 7/07/2025 | 509 | 465 | 446 |
| &nbsp;&nbsp;&nbsp; 9295401, 4.717%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 5604 | 5234 | 5496 |
| &nbsp;&nbsp;&nbsp; 9295612, 4.717%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 8118 | 7581 | 7822 |
| &nbsp;&nbsp;&nbsp; 9295809, 6.100%, 1/02/2027 †§x¶ | Square | 7/07/2025 | 3179 | 2913 | 2865 |
| &nbsp;&nbsp;&nbsp; 9296386, 4.719%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 9088 | 8488 | 8694 |
| &nbsp;&nbsp;&nbsp; 9297159, 5.910%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 7341 | 6743 | 5917 |
| &nbsp;&nbsp;&nbsp; 9297474, 6.115%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 112 | 103 | 110 |
| &nbsp;&nbsp;&nbsp; 9297541, 5.346%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 47893 | 44337 | 41555 |
| &nbsp;&nbsp;&nbsp; 9297733183, 13.064%, 6/17/2026 †x¥# | Stripe | 12/20/2024 | 8385 | 8721 | 419 |
| &nbsp;&nbsp;&nbsp; 9298126117, 25.333%, 1/17/2024 †x¥#^ | Stripe | 7/22/2022 | 1705 | 1773 | 85 |
| &nbsp;&nbsp;&nbsp; 9298251, 5.597%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 2218 | 2046 | 2101 |
| &nbsp;&nbsp;&nbsp; 9298387, 4.720%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 3747 | 3499 | 3655 |
| &nbsp;&nbsp;&nbsp; 9298527, 4.730%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 455 | 425 | 448 |
| &nbsp;&nbsp;&nbsp; 9298583, 6.478%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 155 | 142 | 149 |
| &nbsp;&nbsp;&nbsp; 9298896586, 19.456%, 3/29/2024 †x¥#^ | Stripe | 10/04/2022 | 2172 | 2258 | 109 |
| &nbsp;&nbsp;&nbsp; 92bf6deb-3202-4dfe-a440-ba347f32ccd4, 10.190%, 7/18/2018 †x#^ | Funding Circle | 12/16/2016 | 84927 | 84927 | 25478 |
| &nbsp;&nbsp;&nbsp; 9300407, 5.598%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 741 | 683 | 709 |
| &nbsp;&nbsp;&nbsp; 9300486, 5.040%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 1831 | 1702 | 1661 |
| &nbsp;&nbsp;&nbsp; 9300549, 4.718%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 15248 | 14240 | 14591 |
| &nbsp;&nbsp;&nbsp; 9300952, 5.599%, 1/04/2027 †x¶# | Square | 7/09/2025 | 25393 | 23426 | 1879 |
| &nbsp;&nbsp;&nbsp; 9301178, 4.718%, 1/04/2027 †§x¶ | Square | 7/09/2025 | 8030 | 7499 | 7819 |
| &nbsp;&nbsp;&nbsp; 9301296, 4.717%, 1/04/2027 †§x¶ | Square | 7/09/2025 | 19686 | 18385 | 19013 |
| &nbsp;&nbsp;&nbsp; 9301442, 4.719%, 1/04/2027 †§x¶ | Square | 7/09/2025 | 9327 | 8710 | 8990 |
| &nbsp;&nbsp;&nbsp; 9301942, 5.037%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 1751 | 1628 | 1688 |
| &nbsp;&nbsp;&nbsp; 9301985, 6.445%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 2351 | 2144 | 2271 |
| &nbsp;&nbsp;&nbsp; 9302057, 5.910%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 3939 | 3618 | 3578 |
| &nbsp;&nbsp;&nbsp; 9302300, 5.031%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 4940 | 4593 | 4482 |
| &nbsp;&nbsp;&nbsp; 9302305429, 20.400%, 11/15/2023 †x¥#^ | Stripe | 5/20/2022 | 2564 | 2667 | 128 |
| &nbsp;&nbsp;&nbsp; 9302352, 5.349%, 1/05/2027 †x¶# | Square | 7/09/2025 | 7921 | 7333 | 2482 |
| &nbsp;&nbsp;&nbsp; 9302408, 5.349%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 2343 | 2169 | 2237 |
| &nbsp;&nbsp;&nbsp; 9302466, 4.738%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 464 | 433 | 454 |
| &nbsp;&nbsp;&nbsp; 9302475, 4.715%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 3380 | 3157 | 3240 |
| &nbsp;&nbsp;&nbsp; 9302521856, 20.000%, 3/27/2024 †x¥#^ | Stripe | 9/30/2022 | 6564 | 6826 | 328 |
| &nbsp;&nbsp;&nbsp; 9302522, 4.717%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 778 | 727 | 758 |
| &nbsp;&nbsp;&nbsp; 9302542, 4.720%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 5258 | 4910 | 5020 |
| &nbsp;&nbsp;&nbsp; 9302601, 4.717%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 450 | 420 | 442 |
| &nbsp;&nbsp;&nbsp; 9302639, 4.715%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 5340 | 4987 | 4564 |
| &nbsp;&nbsp;&nbsp; 9302693, 4.715%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 3879 | 3623 | 3779 |
| &nbsp;&nbsp;&nbsp; 930279709, 21.195%, 8/11/2026 †x¥# | Stripe | 2/13/2025 | 505 | 526 | 143 |
| &nbsp;&nbsp;&nbsp; 9302819, 5.157%, 1/05/2027 †§x¶ | Square | 7/09/2025 | 1835 | 1703 | 1788 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6241** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9302889, 5.035%, 1/06/2027 †§x¶ | Square | 7/09/2025 | $2090 | $1943 | $1955 |
| &nbsp;&nbsp;&nbsp; 9302922, 6.104%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 5077 | 4651 | 3881 |
| &nbsp;&nbsp;&nbsp; 9303086, 5.031%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 6929 | 6443 | 6640 |
| &nbsp;&nbsp;&nbsp; 9303187, 4.721%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 2703 | 2524 | 2613 |
| &nbsp;&nbsp;&nbsp; 9303237, 6.469%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 741 | 676 | 545 |
| &nbsp;&nbsp;&nbsp; 9303245, 4.717%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 1662 | 1552 | 1624 |
| &nbsp;&nbsp;&nbsp; 9303324, 6.447%, 1/06/2027 †x¶ | Square | 7/09/2025 | 5283 | 4817 | 3876 |
| &nbsp;&nbsp;&nbsp; 9303393, 5.031%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 8638 | 8032 | 7809 |
| &nbsp;&nbsp;&nbsp; 9303485, 5.339%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 1127 | 1044 | 1097 |
| &nbsp;&nbsp;&nbsp; 9303503, 6.438%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 775 | 706 | 715 |
| &nbsp;&nbsp;&nbsp; 9303532, 6.452%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 399 | 364 | 386 |
| &nbsp;&nbsp;&nbsp; 9303544, 6.097%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 2242 | 2054 | 2021 |
| &nbsp;&nbsp;&nbsp; 9303640, 4.972%, 1/06/2027 †x¶# | Square | 7/09/2025 | 516 | 480 | 38 |
| &nbsp;&nbsp;&nbsp; 9303648, 5.155%, 1/06/2027 †§x¶ | Square | 7/09/2025 | 4197 | 3909 | 4077 |
| &nbsp;&nbsp;&nbsp; 9303727, 6.301%, 1/06/2027 †x¶# | Square | 7/09/2025 | 1001 | 915 | 597 |
| &nbsp;&nbsp;&nbsp; 9303834986, 14.933%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 11649 | 12114 | 12295 |
| &nbsp;&nbsp;&nbsp; 93045601, 17.333%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 1984 | 2083 | 2089 |
| &nbsp;&nbsp;&nbsp; 930512404, 26.533%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 2371 | 2465 | 2506 |
| &nbsp;&nbsp;&nbsp; 9305159, 5.346%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 1247 | 1155 | 1221 |
| &nbsp;&nbsp;&nbsp; 9305189, 5.162%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 636 | 590 | 618 |
| &nbsp;&nbsp;&nbsp; 9305313, 4.735%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 867 | 809 | 831 |
| &nbsp;&nbsp;&nbsp; 9305325, 6.287%, 1/07/2027 †x¶# | Square | 7/09/2025 | 5303 | 4846 | 2495 |
| &nbsp;&nbsp;&nbsp; 9305748, 5.031%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 2228 | 2073 | 2171 |
| &nbsp;&nbsp;&nbsp; 9305982, 5.348%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 5290 | 4897 | 5173 |
| &nbsp;&nbsp;&nbsp; 9306291, 4.719%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 4426 | 4133 | 4226 |
| &nbsp;&nbsp;&nbsp; 9306376, 6.448%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 3214 | 2931 | 2934 |
| &nbsp;&nbsp;&nbsp; 9306948943, 26.533%, 8/11/2026 †x¥# | Stripe | 2/13/2025 | 12222 | 12711 | 611 |
| &nbsp;&nbsp;&nbsp; 9307344, 5.031%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 7502 | 6975 | 7308 |
| &nbsp;&nbsp;&nbsp; 9307710, 5.348%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 11419 | 10571 | 10528 |
| &nbsp;&nbsp;&nbsp; 9307887, 5.629%, 1/07/2027 †x¶ | Square | 7/09/2025 | 133 | 123 | 121 |
| &nbsp;&nbsp;&nbsp; 9307916, 4.717%, 1/07/2027 †§x¶ | Square | 7/09/2025 | 3084 | 2881 | 3005 |
| &nbsp;&nbsp;&nbsp; 9308461489, 18.667%, 9/01/2026 †x¥ | Stripe | 3/06/2025 | 588 | 612 | 627 |
| &nbsp;&nbsp;&nbsp; 9309947, 4.924%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 435 | 405 | 403 |
| &nbsp;&nbsp;&nbsp; 9310018, 6.446%, 1/08/2027 †x¶ | Square | 7/10/2025 | 26458 | 24125 | 3656 |
| &nbsp;&nbsp;&nbsp; 9310546, 4.715%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 4052 | 3799 | 3875 |
| &nbsp;&nbsp;&nbsp; 9310724, 4.722%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 2766 | 2583 | 2653 |
| &nbsp;&nbsp;&nbsp; 9310897, 4.935%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 1082 | 1007 | 788 |
| &nbsp;&nbsp;&nbsp; 9310968144, 20.396%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 8197 | 8525 | 8668 |
| &nbsp;&nbsp;&nbsp; 9311036, 5.347%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 1029 | 953 | 984 |
| &nbsp;&nbsp;&nbsp; 9311124, 5.914%, 1/08/2027 †x¶ | Square | 7/10/2025 | 5112 | 4696 | 4143 |
| &nbsp;&nbsp;&nbsp; 9311267, 4.727%, 1/08/2027 †x¶ | Square | 7/10/2025 | 2612 | 2439 | 2140 |
| &nbsp;&nbsp;&nbsp; 9311528, 5.346%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 959 | 897 | 890 |
| &nbsp;&nbsp;&nbsp; 9311545, 5.028%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 1913 | 1779 | 1821 |
| &nbsp;&nbsp;&nbsp; 9311582, 4.716%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 5425 | 5066 | 5242 |
| &nbsp;&nbsp;&nbsp; 9311790, 4.717%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 1303 | 1217 | 1274 |
| &nbsp;&nbsp;&nbsp; 9311858, 5.031%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 2689 | 2500 | 2593 |
| &nbsp;&nbsp;&nbsp; 9311962, 6.455%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 634 | 578 | 483 |
| &nbsp;&nbsp;&nbsp; 9311996, 5.031%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 3336 | 3102 | 3250 |
| &nbsp;&nbsp;&nbsp; 9312231, 6.289%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 537 | 490 | 494 |
| &nbsp;&nbsp;&nbsp; 9312250, 4.717%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 29053 | 27133 | 27965 |
| &nbsp;&nbsp;&nbsp; 9312932, 6.091%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 1326 | 1215 | 1021 |
| &nbsp;&nbsp;&nbsp; 9312985, 4.716%, 1/08/2027 †x¶ | Square | 7/10/2025 | 4691 | 4381 | 3826 |
| &nbsp;&nbsp;&nbsp; 9313152, 6.273%, 1/08/2027 †x¶# | Square | 7/10/2025 | 1328 | 1214 | 800 |
| &nbsp;&nbsp;&nbsp; 9313162, 4.719%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 4120 | 3848 | 3936 |
| &nbsp;&nbsp;&nbsp; 9313213, 4.713%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 3102 | 2897 | 2962 |
| &nbsp;&nbsp;&nbsp; 9313244, 5.911%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 443 | 407 | 432 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6242** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9313256, 4.717%, 1/08/2027 †§x¶ | Square | 7/10/2025 | $12886 | $12034 | $12629 |
| &nbsp;&nbsp;&nbsp; 9313707, 5.031%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 2147 | 1996 | 2100 |
| &nbsp;&nbsp;&nbsp; 9314145, 5.346%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 22935 | 21232 | 21896 |
| &nbsp;&nbsp;&nbsp; 9314539, 4.719%, 1/09/2027 †x¶ | Square | 7/11/2025 | 12659 | 11823 | 10187 |
| &nbsp;&nbsp;&nbsp; 9314811, 4.720%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 4606 | 4302 | 4452 |
| &nbsp;&nbsp;&nbsp; 9315088, 5.913%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 1507 | 1384 | 1437 |
| &nbsp;&nbsp;&nbsp; 9315491, 5.160%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 1898 | 1762 | 1772 |
| &nbsp;&nbsp;&nbsp; 9315606, 4.717%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 7999 | 7470 | 7652 |
| &nbsp;&nbsp;&nbsp; 9315836, 6.665%, 1/09/2027 †x¶# | Square | 7/11/2025 | 4591 | 4179 | 3884 |
| &nbsp;&nbsp;&nbsp; 9315960, 4.717%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 14160 | 13225 | 13911 |
| &nbsp;&nbsp;&nbsp; 9317167, 4.717%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 3116 | 2910 | 3035 |
| &nbsp;&nbsp;&nbsp; 9317237, 4.717%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 8235 | 7691 | 7871 |
| &nbsp;&nbsp;&nbsp; 9317371, 5.347%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 19298 | 17865 | 6255 |
| &nbsp;&nbsp;&nbsp; 9317733, 4.715%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 4681 | 4444 | 3977 |
| &nbsp;&nbsp;&nbsp; 9317781, 4.717%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 40054 | 37407 | 38563 |
| &nbsp;&nbsp;&nbsp; 9318542, 6.100%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 7168 | 6567 | 6792 |
| &nbsp;&nbsp;&nbsp; 9318665, 4.717%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 6725 | 6281 | 6465 |
| &nbsp;&nbsp;&nbsp; 9318789, 5.348%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 2052 | 1900 | 1894 |
| &nbsp;&nbsp;&nbsp; 9318808614, 21.167%, 5/15/2026 †x¥ | Stripe | 11/19/2024 | 45 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; 9318914, 4.719%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 7269 | 6789 | 6183 |
| &nbsp;&nbsp;&nbsp; 9320649291, 20.398%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 4617 | 4848 | 4866 |
| &nbsp;&nbsp;&nbsp; 9321805, 4.717%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 1644 | 1535 | 1584 |
| &nbsp;&nbsp;&nbsp; 9322386, 5.345%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 921 | 852 | 887 |
| &nbsp;&nbsp;&nbsp; 9322451, 5.728%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 1479 | 1362 | 1403 |
| &nbsp;&nbsp;&nbsp; 9322555, 5.975%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 2433 | 2233 | 2337 |
| &nbsp;&nbsp;&nbsp; 9322639128, 25.067%, 7/19/2024 †x¥#^ | Stripe | 1/24/2023 | 2592 | 2695 | 130 |
| &nbsp;&nbsp;&nbsp; 9322735, 6.447%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 662 | 603 | 629 |
| &nbsp;&nbsp;&nbsp; 9323089, 6.279%, 1/10/2027 †x¶ | Square | 7/14/2025 | 1009 | 922 | 616 |
| &nbsp;&nbsp;&nbsp; 9323100, 4.717%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 4680 | 4371 | 4598 |
| &nbsp;&nbsp;&nbsp; 9323575, 5.473%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 2005 | 1853 | 1860 |
| &nbsp;&nbsp;&nbsp; 9323612, 5.031%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 1639 | 1524 | 1600 |
| &nbsp;&nbsp;&nbsp; 9324085, 6.451%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 4410 | 4021 | 3260 |
| &nbsp;&nbsp;&nbsp; 9324146, 5.031%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 4920 | 4575 | 3736 |
| &nbsp;&nbsp;&nbsp; 9324194, 6.102%, 1/10/2027 †x¶# | Square | 7/14/2025 | 14734 | 13498 | 1872 |
| &nbsp;&nbsp;&nbsp; 9324385, 4.721%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 5212 | 4867 | 4465 |
| &nbsp;&nbsp;&nbsp; 9324451, 5.917%, 1/10/2027 †x¶ | Square | 7/14/2025 | 2125 | 1951 | 1346 |
| &nbsp;&nbsp;&nbsp; 9324471, 6.353%, 1/10/2027 †x¶# | Square | 7/14/2025 | 4719 | 4308 | 2423 |
| &nbsp;&nbsp;&nbsp; 9324941, 5.031%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 4759 | 4425 | 4673 |
| &nbsp;&nbsp;&nbsp; 9325264, 6.440%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 684 | 624 | 589 |
| &nbsp;&nbsp;&nbsp; 9325287, 6.105%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 999 | 915 | 928 |
| &nbsp;&nbsp;&nbsp; 9325907, 4.719%, 1/10/2027 †§x¶ | Square | 7/14/2025 | 1792 | 1673 | 1768 |
| &nbsp;&nbsp;&nbsp; 9326262, 6.107%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 2187 | 2003 | 1980 |
| &nbsp;&nbsp;&nbsp; 9326322, 5.597%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 8725 | 8049 | 8281 |
| &nbsp;&nbsp;&nbsp; 9326592496, 17.866%, 8/19/2026 †x¥# | Stripe | 2/21/2025 | 84391 | 87767 | 4220 |
| &nbsp;&nbsp;&nbsp; 9326646, 5.638%, 1/11/2027 †x¶# | Square | 7/15/2025 | 3219 | 2968 | 238 |
| &nbsp;&nbsp;&nbsp; 9326684, 5.346%, 1/11/2027 †x¶# | Square | 7/15/2025 | 6758 | 6257 | 500 |
| &nbsp;&nbsp;&nbsp; 9326850, 4.717%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 2457 | 2295 | 2407 |
| &nbsp;&nbsp;&nbsp; 9327227, 6.289%, 1/11/2027 †x¶# | Square | 7/15/2025 | 5826 | 5324 | 431 |
| &nbsp;&nbsp;&nbsp; 9327414, 5.164%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 624 | 579 | 606 |
| &nbsp;&nbsp;&nbsp; 9327443, 4.726%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 1706 | 1593 | 1644 |
| &nbsp;&nbsp;&nbsp; 9327624, 4.721%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 3571 | 3335 | 3447 |
| &nbsp;&nbsp;&nbsp; 9327741, 5.157%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 5245 | 4868 | 4883 |
| &nbsp;&nbsp;&nbsp; 9327880, 5.344%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 4197 | 3886 | 3656 |
| &nbsp;&nbsp;&nbsp; 9328072, 5.499%, 1/11/2027 †x¶ | Square | 7/15/2025 | 4622 | 4270 | 558 |
| &nbsp;&nbsp;&nbsp; 9328188, 4.716%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 5849 | 5462 | 5510 |
| &nbsp;&nbsp;&nbsp; 9328302, 5.349%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 7150 | 6619 | 6251 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6243** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9328574804, 26.000%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | $4577 | $4806 | $4827 |
| &nbsp;&nbsp;&nbsp; 9328819, 4.719%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 3788 | 3537 | 3692 |
| &nbsp;&nbsp;&nbsp; 9328968, 5.347%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 10181 | 9425 | 9649 |
| &nbsp;&nbsp;&nbsp; 9329334, 5.031%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 1137 | 1057 | 1063 |
| &nbsp;&nbsp;&nbsp; 9329430, 5.346%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 20935 | 19381 | 20408 |
| &nbsp;&nbsp;&nbsp; 9329749518, 13.067%, 8/27/2026 †x¥ | Stripe | 3/03/2025 | 685 | 713 | 724 |
| &nbsp;&nbsp;&nbsp; 9330009, 5.037%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 2434 | 2263 | 2276 |
| &nbsp;&nbsp;&nbsp; 9330056, 4.714%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 2414 | 2254 | 2345 |
| &nbsp;&nbsp;&nbsp; 9330422, 4.719%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 2684 | 2506 | 2622 |
| &nbsp;&nbsp;&nbsp; 9330571, 4.713%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 1724 | 1610 | 1657 |
| &nbsp;&nbsp;&nbsp; 9330605, 5.029%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 1628 | 1514 | 1587 |
| &nbsp;&nbsp;&nbsp; 9330678, 4.721%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 3871 | 3616 | 3745 |
| &nbsp;&nbsp;&nbsp; 9330729, 5.722%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 1919 | 1767 | 1853 |
| &nbsp;&nbsp;&nbsp; 9330730939, 26.510%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 3317 | 3482 | 3483 |
| &nbsp;&nbsp;&nbsp; 9330759, 4.937%, 1/12/2027 †x¶# | Square | 7/16/2025 | 2527 | 2352 | 2100 |
| &nbsp;&nbsp;&nbsp; 9331191, 4.715%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 745 | 696 | 725 |
| &nbsp;&nbsp;&nbsp; 9331212, 4.927%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 424 | 394 | 371 |
| &nbsp;&nbsp;&nbsp; 9331221, 5.157%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 2111 | 1959 | 2069 |
| &nbsp;&nbsp;&nbsp; 9331288, 4.717%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 974 | 909 | 962 |
| &nbsp;&nbsp;&nbsp; 9331395, 4.719%, 1/12/2027 †§x¶ | Square | 7/16/2025 | 6201 | 5793 | 6045 |
| &nbsp;&nbsp;&nbsp; 9331553, 5.968%, 1/13/2027 †x¶ | Square | 7/16/2025 | 1706 | 1566 | 1093 |
| &nbsp;&nbsp;&nbsp; 9331570, 5.470%, 1/13/2027 †x¶# | Square | 7/16/2025 | 5071 | 4686 | 1246 |
| &nbsp;&nbsp;&nbsp; 9331758, 4.719%, 1/13/2027 †§x¶ | Square | 7/16/2025 | 6481 | 6053 | 6304 |
| &nbsp;&nbsp;&nbsp; 9331859, 4.717%, 1/13/2027 †§x¶ | Square | 7/16/2025 | 10662 | 9958 | 10209 |
| &nbsp;&nbsp;&nbsp; 9332086, 4.716%, 1/13/2027 †x¶ | Square | 7/16/2025 | 4029 | 3763 | 1853 |
| &nbsp;&nbsp;&nbsp; 9332218, 6.670%, 1/13/2027 †§x¶ | Square | 7/16/2025 | 732 | 665 | 660 |
| &nbsp;&nbsp;&nbsp; 9333222, 4.717%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 2100 | 1961 | 2029 |
| &nbsp;&nbsp;&nbsp; 933324524, 20.400%, 2/16/2027 †x¥ | Stripe | 8/21/2025 | 7862 | 8177 | 8292 |
| &nbsp;&nbsp;&nbsp; 9333747, 5.505%, 1/14/2027 †x¶ | Square | 7/16/2025 | 8135 | 7515 | 981 |
| &nbsp;&nbsp;&nbsp; 9334063, 4.721%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 2903 | 2711 | 2825 |
| &nbsp;&nbsp;&nbsp; 9334199, 4.717%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 18818 | 17583 | 18170 |
| &nbsp;&nbsp;&nbsp; 9335071, 6.496%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 728 | 664 | 644 |
| &nbsp;&nbsp;&nbsp; 9335173, 5.724%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 3410 | 3141 | 3324 |
| &nbsp;&nbsp;&nbsp; 9335293563, 19.867%, 3/15/2023 †x¥#^ | Stripe | 9/17/2021 | 444 | 462 | 22 |
| &nbsp;&nbsp;&nbsp; 9335364, 5.473%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 9697 | 8961 | 9248 |
| &nbsp;&nbsp;&nbsp; 9335589, 4.716%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 4385 | 4095 | 4272 |
| &nbsp;&nbsp;&nbsp; 9335854702, 21.732%, 11/01/2025 †x¥#^ | Stripe | 5/08/2024 | 5645 | 5871 | 282 |
| &nbsp;&nbsp;&nbsp; 9336513, 6.447%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 611 | 557 | 571 |
| &nbsp;&nbsp;&nbsp; 9336532, 5.660%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 301 | 277 | 266 |
| &nbsp;&nbsp;&nbsp; 9336581, 5.347%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 1131 | 1047 | 1101 |
| &nbsp;&nbsp;&nbsp; 9337131, 5.471%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 18267 | 16882 | 17758 |
| &nbsp;&nbsp;&nbsp; 9337890, 6.667%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 2124 | 1931 | 1616 |
| &nbsp;&nbsp;&nbsp; 9338181, 4.713%, 1/14/2027 †§x¶ | Square | 7/16/2025 | 1388 | 1296 | 1340 |
| &nbsp;&nbsp;&nbsp; 9338697, 4.718%, 1/15/2027 †§x¶ | Square | 7/17/2025 | 14543 | 13581 | 14167 |
| &nbsp;&nbsp;&nbsp; 9338726885, 19.195%, 10/17/2023 †x¥#^ | Stripe | 4/21/2022 | 5720 | 5948 | 286 |
| &nbsp;&nbsp;&nbsp; 9339058004, 26.476%, 2/02/2027 †x¥ | Stripe | 8/07/2025 | 282 | 293 | 299 |
| &nbsp;&nbsp;&nbsp; 9339394818, 14.933%, 10/28/2026 †x¥ | Stripe | 5/02/2025 | 1040 | 1082 | 1102 |
| &nbsp;&nbsp;&nbsp; 9339672, 5.346%, 1/15/2027 †§x¶ | Square | 7/17/2025 | 3571 | 3306 | 3412 |
| &nbsp;&nbsp;&nbsp; 9339776, 4.725%, 1/15/2027 †x¶ | Square | 7/17/2025 | 1790 | 1672 | 1494 |
| &nbsp;&nbsp;&nbsp; 9339804, 6.511%, 1/15/2027 †§x¶ | Square | 7/17/2025 | 942 | 858 | 881 |
| &nbsp;&nbsp;&nbsp; 9339901, 5.723%, 1/15/2027 †§x¶ | Square | 7/17/2025 | 11387 | 10487 | 11041 |
| &nbsp;&nbsp;&nbsp; 9340367, 5.473%, 1/15/2027 †§x¶ | Square | 7/17/2025 | 6438 | 5965 | 6223 |
| &nbsp;&nbsp;&nbsp; 9340552, 5.975%, 1/15/2027 †x¶ | Square | 7/17/2025 | 14021 | 12868 | 11057 |
| &nbsp;&nbsp;&nbsp; 9340729, 4.717%, 1/15/2027 †§x¶ | Square | 7/17/2025 | 1174 | 1096 | 1150 |
| &nbsp;&nbsp;&nbsp; 9340777, 5.151%, 1/15/2027 †§x¶ | Square | 7/17/2025 | 1501 | 1393 | 1447 |
| &nbsp;&nbsp;&nbsp; 9341081250, 20.400%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 33808 | 35161 | 35618 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6244** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9342169, 5.896%, 1/15/2027 †§x¶ | Square | 7/17/2025 | $714 | $656 | $680 |
| &nbsp;&nbsp;&nbsp; 934248777, 18.930%, 11/12/2024 †x¥#^ | Stripe | 5/18/2023 | 9651 | 10037 | 483 |
| &nbsp;&nbsp;&nbsp; 9342582, 4.717%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 1992 | 1861 | 1917 |
| &nbsp;&nbsp;&nbsp; 9342724, 5.044%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 975 | 925 | 932 |
| &nbsp;&nbsp;&nbsp; 9342826069, 23.833%, 11/19/2024 †x¥#^ | Stripe | 5/25/2023 | 691 | 718 | 35 |
| &nbsp;&nbsp;&nbsp; 9343168, 5.473%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 2944 | 2721 | 2847 |
| &nbsp;&nbsp;&nbsp; 9343290, 6.357%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 1897 | 1732 | 1762 |
| &nbsp;&nbsp;&nbsp; 9343428, 5.975%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 11091 | 10178 | 10699 |
| &nbsp;&nbsp;&nbsp; 9343883, 4.730%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 1086 | 1014 | 1054 |
| &nbsp;&nbsp;&nbsp; 9343988, 4.722%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 3536 | 3302 | 3371 |
| &nbsp;&nbsp;&nbsp; 9344046, 6.103%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 4685 | 4292 | 4041 |
| &nbsp;&nbsp;&nbsp; 9344088, 6.356%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 2814 | 2569 | 2659 |
| &nbsp;&nbsp;&nbsp; 9344311, 4.717%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 347 | 324 | 337 |
| &nbsp;&nbsp;&nbsp; 9344327, 4.717%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 6054 | 5654 | 5820 |
| &nbsp;&nbsp;&nbsp; 9344430, 6.271%, 1/16/2027 †x¶ | Square | 7/18/2025 | 1179 | 1078 | 697 |
| &nbsp;&nbsp;&nbsp; 9344757, 5.905%, 1/16/2027 †x¶ | Square | 7/18/2025 | 1480 | 1359 | 232 |
| &nbsp;&nbsp;&nbsp; 9344796, 5.157%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 13345 | 12387 | 12842 |
| &nbsp;&nbsp;&nbsp; 9345227, 4.729%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 1543 | 1441 | 1472 |
| &nbsp;&nbsp;&nbsp; 9345277, 5.031%, 1/16/2027 †x¶ | Square | 7/18/2025 | 8444 | 7852 | 5932 |
| &nbsp;&nbsp;&nbsp; 9345336903, 25.067%, 12/23/2025 †x¥#^ | Stripe | 6/27/2024 | 1916 | 1993 | 96 |
| &nbsp;&nbsp;&nbsp; 9345358, 4.715%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 1420 | 1326 | 1364 |
| &nbsp;&nbsp;&nbsp; 9345366, 6.449%, 1/16/2027 †x¶ | Square | 7/18/2025 | 6730 | 6136 | 3786 |
| &nbsp;&nbsp;&nbsp; 9345438, 5.031%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 4426 | 4116 | 4247 |
| &nbsp;&nbsp;&nbsp; 9345515, 4.719%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 6307 | 5890 | 6096 |
| &nbsp;&nbsp;&nbsp; 9345623, 4.717%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 13987 | 13063 | 13437 |
| &nbsp;&nbsp;&nbsp; 9345903, 4.719%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 2890 | 2699 | 2482 |
| &nbsp;&nbsp;&nbsp; 9345913, 4.717%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 3809 | 3557 | 3709 |
| &nbsp;&nbsp;&nbsp; 9346155, 4.722%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 1072 | 1001 | 1048 |
| &nbsp;&nbsp;&nbsp; 9346432, 6.099%, 1/16/2027 †x¶ | Square | 7/18/2025 | 3305 | 3028 | 487 |
| &nbsp;&nbsp;&nbsp; 9346470, 4.719%, 1/16/2027 †§x¶ | Square | 7/18/2025 | 7745 | 7233 | 7483 |
| &nbsp;&nbsp;&nbsp; 9346534659, 25.867%, 10/30/2026 †x¥ | Stripe | 5/06/2025 | 211 | 220 | 227 |
| &nbsp;&nbsp;&nbsp; 9349171, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 1076 | 1004 | 1056 |
| &nbsp;&nbsp;&nbsp; 9349245, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 6403 | 5980 | 6191 |
| &nbsp;&nbsp;&nbsp; 9349452, 4.722%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 2865 | 2675 | 2743 |
| &nbsp;&nbsp;&nbsp; 9349569, 5.031%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 278 | 259 | 274 |
| &nbsp;&nbsp;&nbsp; 9349962920, 22.000%, 3/05/2025 †x¥#^ | Stripe | 9/08/2023 | 1628 | 1693 | 81 |
| &nbsp;&nbsp;&nbsp; 9349977, 4.717%, 1/17/2027 †x¶ | Square | 7/21/2025 | 7056 | 6590 | 3261 |
| &nbsp;&nbsp;&nbsp; 9350124, 5.724%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 1126 | 1037 | 1094 |
| &nbsp;&nbsp;&nbsp; 9350206, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 21277 | 19871 | 20838 |
| &nbsp;&nbsp;&nbsp; 9351020, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 3659 | 3417 | 3583 |
| &nbsp;&nbsp;&nbsp; 9351297, 6.353%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 372 | 339 | 352 |
| &nbsp;&nbsp;&nbsp; 9351314, 5.031%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 4627 | 4302 | 4337 |
| &nbsp;&nbsp;&nbsp; 9351392, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 45576 | 42564 | 43815 |
| &nbsp;&nbsp;&nbsp; 9352262, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 10591 | 9891 | 10280 |
| &nbsp;&nbsp;&nbsp; 9352566, 4.726%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 1236 | 1155 | 1207 |
| &nbsp;&nbsp;&nbsp; 9352692, 6.447%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 1477 | 1346 | 1401 |
| &nbsp;&nbsp;&nbsp; 9352786, 5.471%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 11056 | 10218 | 10688 |
| &nbsp;&nbsp;&nbsp; 9353027, 5.975%, 1/17/2027 †x¶# | Square | 7/21/2025 | 10902 | 10005 | 1708 |
| &nbsp;&nbsp;&nbsp; 9353143, 4.718%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 13127 | 12260 | 12625 |
| &nbsp;&nbsp;&nbsp; 9353484, 4.721%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 3217 | 3004 | 3124 |
| &nbsp;&nbsp;&nbsp; 9353641, 4.717%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 5518 | 5153 | 5352 |
| &nbsp;&nbsp;&nbsp; 9354554, 4.715%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 1943 | 1814 | 1895 |
| &nbsp;&nbsp;&nbsp; 9354596, 5.031%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 3131 | 2911 | 3067 |
| &nbsp;&nbsp;&nbsp; 9354716493, 21.067%, 11/17/2023 †x¥#^ | Stripe | 5/24/2022 | 18536 | 19278 | 927 |
| &nbsp;&nbsp;&nbsp; 9354757, 6.352%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 19454 | 17761 | 18736 |
| &nbsp;&nbsp;&nbsp; 9355559, 6.104%, 1/18/2027 †x¶ | Square | 7/22/2025 | 2740 | 2510 | 398 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6245** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9355578, 4.721%, 1/18/2027 †§x¶ | Square | 7/22/2025 | $1756 | $1640 | $1726 |
| &nbsp;&nbsp;&nbsp; 9355648, 4.721%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 2159 | 2016 | 2099 |
| &nbsp;&nbsp;&nbsp; 9355789, 5.470%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 4670 | 4315 | 4493 |
| &nbsp;&nbsp;&nbsp; 9355937, 5.470%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 248 | 229 | 245 |
| &nbsp;&nbsp;&nbsp; 9356149, 6.645%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 152 | 138 | 148 |
| &nbsp;&nbsp;&nbsp; 9356164, 6.511%, 1/18/2027 †x¶ | Square | 7/22/2025 | 7071 | 6444 | 937 |
| &nbsp;&nbsp;&nbsp; 9356264, 4.717%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 5045 | 4713 | 4928 |
| &nbsp;&nbsp;&nbsp; 9356435, 4.720%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 1991 | 1859 | 1717 |
| &nbsp;&nbsp;&nbsp; 9356584, 5.466%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 1148 | 1061 | 1124 |
| &nbsp;&nbsp;&nbsp; 9356679394, 24.000%, 11/01/2023 †x¥#^ | Stripe | 5/06/2022 | 3596 | 3739 | 180 |
| &nbsp;&nbsp;&nbsp; 9356701, 4.720%, 1/18/2027 †§x¶ | Square | 7/22/2025 | 2793 | 2608 | 2666 |
| &nbsp;&nbsp;&nbsp; 9356830, 5.149%, 1/18/2027 †x¶# | Square | 7/22/2025 | 1418 | 1316 | 105 |
| &nbsp;&nbsp;&nbsp; 9357407, 4.724%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 3360 | 3138 | 2881 |
| &nbsp;&nbsp;&nbsp; 9357514, 4.716%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 5245 | 4898 | 5073 |
| &nbsp;&nbsp;&nbsp; 9357596, 5.451%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 905 | 837 | 799 |
| &nbsp;&nbsp;&nbsp; 9357693, 5.154%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 1612 | 1525 | 1533 |
| &nbsp;&nbsp;&nbsp; 9357713, 4.715%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 6063 | 5662 | 5787 |
| &nbsp;&nbsp;&nbsp; 9357791, 4.719%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 8339 | 7788 | 8111 |
| &nbsp;&nbsp;&nbsp; 9358008, 4.725%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 1212 | 1132 | 1171 |
| &nbsp;&nbsp;&nbsp; 9358026, 6.667%, 1/19/2027 †§x¶ | Square | 7/23/2025 | 9664 | 8785 | 8966 |
| &nbsp;&nbsp;&nbsp; 9358099806, 17.986%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 5762 | 5992 | 6048 |
| &nbsp;&nbsp;&nbsp; 9358203, 6.350%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 5084 | 4642 | 1294 |
| &nbsp;&nbsp;&nbsp; 9358264, 5.473%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 9405 | 8691 | 8668 |
| &nbsp;&nbsp;&nbsp; 9358425, 5.158%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 409 | 379 | 403 |
| &nbsp;&nbsp;&nbsp; 9358459, 4.719%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 1719 | 1605 | 1678 |
| &nbsp;&nbsp;&nbsp; 9358522, 4.720%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 523 | 488 | 514 |
| &nbsp;&nbsp;&nbsp; 9358545, 5.725%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 486 | 448 | 469 |
| &nbsp;&nbsp;&nbsp; 9358554, 4.719%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 6149 | 5744 | 6000 |
| &nbsp;&nbsp;&nbsp; 9358658, 6.657%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 1170 | 1064 | 823 |
| &nbsp;&nbsp;&nbsp; 9358690, 5.031%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 3258 | 3030 | 3143 |
| &nbsp;&nbsp;&nbsp; 9358737, 4.718%, 1/20/2027 †§x¶ | Square | 7/23/2025 | 5063 | 4728 | 4924 |
| &nbsp;&nbsp;&nbsp; 9359984, 4.717%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 3984 | 3721 | 3802 |
| &nbsp;&nbsp;&nbsp; 9360762, 5.031%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 41392 | 38488 | 39962 |
| &nbsp;&nbsp;&nbsp; 9362061, 5.157%, 1/21/2027 †x¶ | Square | 7/23/2025 | 4108 | 3813 | 3051 |
| &nbsp;&nbsp;&nbsp; 9362121, 4.715%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 1842 | 1720 | 1807 |
| &nbsp;&nbsp;&nbsp; 9362292, 4.718%, 1/21/2027 †x¶# | Square | 7/23/2025 | 31852 | 29747 | 13668 |
| &nbsp;&nbsp;&nbsp; 9362707, 5.724%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 12336 | 11361 | 10555 |
| &nbsp;&nbsp;&nbsp; 9362837486, 18.667%, 8/15/2024 †x¥#^ | Stripe | 2/21/2023 | 1439 | 1496 | 72 |
| &nbsp;&nbsp;&nbsp; 9362867, 4.718%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 17611 | 16447 | 16910 |
| &nbsp;&nbsp;&nbsp; 9363215, 4.717%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 29222 | 27291 | 28412 |
| &nbsp;&nbsp;&nbsp; 9363774, 5.970%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 1197 | 1099 | 1124 |
| &nbsp;&nbsp;&nbsp; 9364080, 4.717%, 1/22/2027 †§x¶ | Square | 7/24/2025 | 33215 | 31020 | 29312 |
| &nbsp;&nbsp;&nbsp; 9364546384, 26.504%, 4/18/2025 †x¥#^ | Stripe | 10/24/2023 | 342 | 355 | 17 |
| &nbsp;&nbsp;&nbsp; 9366277, 4.720%, 1/22/2027 †§x¶ | Square | 7/24/2025 | 3915 | 3656 | 3808 |
| &nbsp;&nbsp;&nbsp; 9366357, 5.471%, 1/22/2027 †§x¶ | Square | 7/24/2025 | 10651 | 9843 | 10055 |
| &nbsp;&nbsp;&nbsp; 9366528, 4.717%, 1/22/2027 †§x¶ | Square | 7/24/2025 | 2271 | 2121 | 2143 |
| &nbsp;&nbsp;&nbsp; 9366869, 4.717%, 1/22/2027 †§x¶ | Square | 7/24/2025 | 40325 | 37660 | 38999 |
| &nbsp;&nbsp;&nbsp; 9368051, 5.160%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 2863 | 2658 | 2775 |
| &nbsp;&nbsp;&nbsp; 9368306, 4.719%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 5200 | 4856 | 4889 |
| &nbsp;&nbsp;&nbsp; 9368893005, 20.658%, 3/13/2025 †x¥#^ | Stripe | 9/18/2023 | 988 | 1027 | 49 |
| &nbsp;&nbsp;&nbsp; 9369816, 4.721%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 1715 | 1602 | 1674 |
| &nbsp;&nbsp;&nbsp; 9369843, 5.160%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 2481 | 2302 | 2233 |
| &nbsp;&nbsp;&nbsp; 9369871, 4.725%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 770 | 719 | 755 |
| &nbsp;&nbsp;&nbsp; 9369896, 4.717%, 1/23/2027 †x¶# | Square | 7/25/2025 | 10694 | 9988 | 4128 |
| &nbsp;&nbsp;&nbsp; 9369986, 5.157%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 27588 | 25607 | 26742 |
| &nbsp;&nbsp;&nbsp; 9370621466, 16.267%, 7/09/2027 †x¥ | Stripe | 1/13/2026 | 12316 | 12932 | 12956 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6246** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9370719, 4.717%, 1/23/2027 †§x¶ | Square | 7/25/2025 | $6287 | $5871 | $6098 |
| &nbsp;&nbsp;&nbsp; 9370891, 5.966%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 1421 | 1304 | 1303 |
| &nbsp;&nbsp;&nbsp; 9370921, 6.289%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 9126 | 8339 | 8170 |
| &nbsp;&nbsp;&nbsp; 9371117, 5.722%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 6646 | 6121 | 6337 |
| &nbsp;&nbsp;&nbsp; 9371617, 4.719%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 4312 | 4038 | 4053 |
| &nbsp;&nbsp;&nbsp; 9371694, 5.161%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 1653 | 1534 | 1570 |
| &nbsp;&nbsp;&nbsp; 9371737, 5.157%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 11243 | 10435 | 10467 |
| &nbsp;&nbsp;&nbsp; 9371950, 5.165%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 2296 | 2131 | 2085 |
| &nbsp;&nbsp;&nbsp; 9375665, 4.718%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 17590 | 16428 | 16996 |
| &nbsp;&nbsp;&nbsp; 9376217382, 25.333%, 9/13/2024 †x¥#^ | Stripe | 3/21/2023 | 1346 | 1400 | 67 |
| &nbsp;&nbsp;&nbsp; 9376355453, 26.533%, 10/28/2025 †x¥#^ | Stripe | 5/02/2024 | 739 | 768 | 37 |
| &nbsp;&nbsp;&nbsp; 9376367, 4.719%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 2979 | 2782 | 2906 |
| &nbsp;&nbsp;&nbsp; 9377060, 5.484%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 1657 | 1531 | 1456 |
| &nbsp;&nbsp;&nbsp; 9377121, 4.718%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 15123 | 14123 | 14842 |
| &nbsp;&nbsp;&nbsp; 9377745, 6.512%, 1/24/2027 †x¶ | Square | 7/28/2025 | 12696 | 11566 | 5724 |
| &nbsp;&nbsp;&nbsp; 9377881, 5.737%, 1/24/2027 †x¶ | Square | 7/28/2025 | 1632 | 1503 | 1122 |
| &nbsp;&nbsp;&nbsp; 9377895, 4.717%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 4494 | 4197 | 4403 |
| &nbsp;&nbsp;&nbsp; 9378123, 4.719%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 5388 | 5032 | 5144 |
| &nbsp;&nbsp;&nbsp; 9378275, 4.724%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 1011 | 944 | 980 |
| &nbsp;&nbsp;&nbsp; 9378296, 4.717%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 2939 | 2745 | 2858 |
| &nbsp;&nbsp;&nbsp; 9378362, 5.975%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 3864 | 3546 | 3727 |
| &nbsp;&nbsp;&nbsp; 9378518, 6.349%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 3692 | 3371 | 3336 |
| &nbsp;&nbsp;&nbsp; 9378617, 4.717%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 29405 | 27511 | 28242 |
| &nbsp;&nbsp;&nbsp; 9378876, 4.724%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 2263 | 2113 | 2141 |
| &nbsp;&nbsp;&nbsp; 9379026, 4.718%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 2204 | 2078 | 2121 |
| &nbsp;&nbsp;&nbsp; 9379115, 4.717%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 15365 | 14350 | 14926 |
| &nbsp;&nbsp;&nbsp; 9379850, 4.711%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 889 | 830 | 863 |
| &nbsp;&nbsp;&nbsp; 9379926, 5.156%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 15557 | 14440 | 14891 |
| &nbsp;&nbsp;&nbsp; 9380471, 4.719%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 6649 | 6209 | 6357 |
| &nbsp;&nbsp;&nbsp; 9380963, 4.715%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 3420 | 3194 | 3340 |
| &nbsp;&nbsp;&nbsp; 9381210, 6.510%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 1645 | 1499 | 1596 |
| &nbsp;&nbsp;&nbsp; 9381535, 6.670%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 284 | 258 | 274 |
| &nbsp;&nbsp;&nbsp; 9381543, 5.157%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 781 | 725 | 768 |
| &nbsp;&nbsp;&nbsp; 9381575, 5.724%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 8156 | 7511 | 8006 |
| &nbsp;&nbsp;&nbsp; 9381783575, 26.424%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 1026 | 1077 | 1078 |
| &nbsp;&nbsp;&nbsp; 9386265, 5.975%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 37259 | 34194 | 33154 |
| &nbsp;&nbsp;&nbsp; 93e0505f-00d1-434e-8ed8-e7d638114f27, 19.700%, 9/21/2023 †x#^ | Funding Circle | 9/24/2018 | 13063 | 13063 | 3919 |
| &nbsp;&nbsp;&nbsp; 9403318375, 21.333%, 1/14/2023 †x¥#^ | Stripe | 7/21/2021 | 4 | 4 |  |
| &nbsp;&nbsp;&nbsp; 9403855644, 18.121%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 2194 | 2282 | 2312 |
| &nbsp;&nbsp;&nbsp; 9404168441, 23.463%, 6/30/2023 †x¥#^ | Stripe | 1/04/2022 | 5162 | 5369 | 258 |
| &nbsp;&nbsp;&nbsp; 9404285797, 18.051%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 543 | 565 | 573 |
| &nbsp;&nbsp;&nbsp; 9406232902, 16.267%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 53304 | 55969 | 56004 |
| &nbsp;&nbsp;&nbsp; 9411979, 6.354%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 1092 | 997 | 1050 |
| &nbsp;&nbsp;&nbsp; 9412089358, 20.260%, 1/17/2025 †x¥#^ | Stripe | 7/25/2023 | 5801 | 6032 | 290 |
| &nbsp;&nbsp;&nbsp; 9412340926, 16.000%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 1545 | 1622 | 1624 |
| &nbsp;&nbsp;&nbsp; 9413996, 5.736%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 485 | 447 | 477 |
| &nbsp;&nbsp;&nbsp; 9414236133, 17.986%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 4571 | 4800 | 4801 |
| &nbsp;&nbsp;&nbsp; 9415468, 4.708%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 977 | 913 | 933 |
| &nbsp;&nbsp;&nbsp; 9415967728, 21.067%, 10/08/2024 †x¥#^ | Stripe | 4/13/2023 | 1741 | 1810 | 87 |
| &nbsp;&nbsp;&nbsp; 9416190073, 23.463%, 7/11/2024 †x¥#^ | Stripe | 1/17/2023 | 6780 | 7051 | 339 |
| &nbsp;&nbsp;&nbsp; 9416222, 6.668%, 1/25/2027 †x¶# | Square | 7/29/2025 | 14998 | 13634 | 1110 |
| &nbsp;&nbsp;&nbsp; 942116166, 20.377%, 7/10/2027 †x¥ | Stripe | 1/14/2026 | 3743 | 3930 | 3945 |
| &nbsp;&nbsp;&nbsp; 9422785321, 14.667%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 9445 | 9917 | 9919 |
| &nbsp;&nbsp;&nbsp; 9426130, 4.717%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 5716 | 5339 | 5453 |
| &nbsp;&nbsp;&nbsp; 94266368, 22.120%, 12/13/2024 †x¥#^ | Stripe | 6/21/2023 | 1487 | 1546 | 74 |
| &nbsp;&nbsp;&nbsp; 9428844843, 18.263%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 32978 | 34627 | 34627 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6247** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9429054994, 20.399%, 7/09/2024 †x¥#^ | Stripe | 1/12/2023 | $17761 | $18471 | $888 |
| &nbsp;&nbsp;&nbsp; 9430252012, 18.131%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 25544 | 26566 | 26896 |
| &nbsp;&nbsp;&nbsp; 943287457, 21.725%, 10/21/2025 †x¥#^ | Stripe | 4/25/2024 | 4092 | 4255 | 205 |
| &nbsp;&nbsp;&nbsp; 9433764176, 20.925%, 7/16/2026 †x¥# | Stripe | 1/21/2025 | 7606 | 7910 | 1435 |
| &nbsp;&nbsp;&nbsp; 9435553220, 21.867%, 10/17/2024 †x¥#^ | Stripe | 4/24/2023 | 3049 | 3171 | 152 |
| &nbsp;&nbsp;&nbsp; 9436443617, 22.129%, 1/31/2025 †x¥#^ | Stripe | 8/08/2023 | 782 | 813 | 39 |
| &nbsp;&nbsp;&nbsp; 9440974697, 26.529%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 5800 | 6090 | 6090 |
| &nbsp;&nbsp;&nbsp; 9443867, 4.719%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 7184 | 6709 | 6963 |
| &nbsp;&nbsp;&nbsp; 9444751241, 26.500%, 7/14/2026 †x¥ | Stripe | 1/16/2025 | 358 | 373 | 387 |
| &nbsp;&nbsp;&nbsp; 9445209463, 26.505%, 12/10/2026 †x¥ | Stripe | 6/16/2025 | 2165 | 2251 | 1267 |
| &nbsp;&nbsp;&nbsp; 9445834424, 21.857%, 2/23/2024 †x¥#^ | Stripe | 8/30/2022 | 7786 | 8097 | 389 |
| &nbsp;&nbsp;&nbsp; 9446911363, 18.667%, 10/24/2026 †x¥# | Stripe | 2/27/2025 | 3474 | 3613 | 3681 |
| &nbsp;&nbsp;&nbsp; 9447836957, 20.130%, 7/03/2024 †x¥#^ | Stripe | 1/06/2023 | 18281 | 19012 | 914 |
| &nbsp;&nbsp;&nbsp; 9448352487, 14.800%, 7/17/2026 †x¥# | Stripe | 1/22/2025 | 733 | 762 | 282 |
| &nbsp;&nbsp;&nbsp; 9449875346, 12.800%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 14688 | 15422 | 15438 |
| &nbsp;&nbsp;&nbsp; 9449906126, 18.933%, 11/02/2026 †x¥ | Stripe | 3/10/2025 | 76328 | 79381 | 80781 |
| &nbsp;&nbsp;&nbsp; 9452850758, 20.000%, 1/07/2025 †x¥#^ | Stripe | 7/13/2023 | 29646 | 30831 | 1482 |
| &nbsp;&nbsp;&nbsp; 9453644131, 15.864%, 11/01/2024 †x¥#^ | Stripe | 5/09/2023 | 15017 | 15617 | 751 |
| &nbsp;&nbsp;&nbsp; 9453986857, 25.333%, 1/31/2024 †x¥#^ | Stripe | 8/08/2022 | 2209 | 2297 | 110 |
| &nbsp;&nbsp;&nbsp; 9457849925, 15.467%, 8/05/2023 †x¥#^ | Stripe | 2/09/2022 | 32555 | 33857 | 1628 |
| &nbsp;&nbsp;&nbsp; 9458152527, 20.267%, 9/17/2024 †x¥#^ | Stripe | 3/23/2023 | 2 | 2 |  |
| &nbsp;&nbsp;&nbsp; 9459053, 5.162%, 1/26/2027 †§x¶ | Square | 7/30/2025 | 1433 | 1330 | 1341 |
| &nbsp;&nbsp;&nbsp; 9459287295, 20.400%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 10000 | 10500 | 10500 |
| &nbsp;&nbsp;&nbsp; 9459299, 4.716%, 1/26/2027 †§x¶ | Square | 7/30/2025 | 4841 | 4521 | 4707 |
| &nbsp;&nbsp;&nbsp; 9459536158, 17.331%, 1/17/2026 †x¥#^ | Stripe | 7/24/2024 | 16859 | 17533 | 843 |
| &nbsp;&nbsp;&nbsp; 9459960124, 18.260%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 5405 | 5675 | 5685 |
| &nbsp;&nbsp;&nbsp; 9460717, 6.357%, 1/26/2027 †§x¶ | Square | 7/30/2025 | 1960 | 1789 | 1707 |
| &nbsp;&nbsp;&nbsp; 9461139, 5.157%, 1/26/2027 †§x¶ | Square | 7/30/2025 | 5614 | 5211 | 5517 |
| &nbsp;&nbsp;&nbsp; 9462917820, 20.663%, 10/10/2026 †x¥# | Stripe | 4/16/2025 | 7278 | 7570 | 2031 |
| &nbsp;&nbsp;&nbsp; 9462938396, 18.256%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 1211 | 1272 | 1274 |
| &nbsp;&nbsp;&nbsp; 9465139908, 18.261%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 4229 | 4440 | 4448 |
| &nbsp;&nbsp;&nbsp; 9465729377, 22.667%, 12/26/2024 †x¥#^ | Stripe | 7/03/2023 | 2072 | 2155 | 104 |
| &nbsp;&nbsp;&nbsp; 9465771, 4.717%, 1/26/2027 †§x¶ | Square | 7/30/2025 | 9030 | 8434 | 8801 |
| &nbsp;&nbsp;&nbsp; 9468345983, 22.386%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 337 | 350 | 359 |
| &nbsp;&nbsp;&nbsp; 946903856, 17.600%, 11/04/2026 †x¥ | Stripe | 5/09/2025 | 18414 | 19150 | 19537 |
| &nbsp;&nbsp;&nbsp; 9470066, 4.717%, 1/26/2027 †§x¶ | Square | 7/30/2025 | 4761 | 4447 | 4597 |
| &nbsp;&nbsp;&nbsp; 9471072137, 23.056%, 5/17/2024 †x¥#^ | Stripe | 3/04/2022 | 575 | 598 | 29 |
| &nbsp;&nbsp;&nbsp; 9472e397-34b3-40ce-bb6b-3a41823ad040, 12.690%, 9/10/2019 †x#^ | Funding Circle | 3/13/2017 | 188967 | 188967 | 56690 |
| &nbsp;&nbsp;&nbsp; 9475453, 4.719%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 2459 | 2297 | 2373 |
| &nbsp;&nbsp;&nbsp; 9476370964, 17.593%, 10/31/2026 †x¥ | Stripe | 5/07/2025 | 2109 | 2193 | 2234 |
| &nbsp;&nbsp;&nbsp; 9479287, 4.717%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 4034 | 3768 | 3886 |
| &nbsp;&nbsp;&nbsp; 9479997532, 22.366%, 3/24/2026 †x¥ | Stripe | 9/26/2024 | 345 | 358 | 368 |
| &nbsp;&nbsp;&nbsp; 947d4683-4f1d-4308-b052-67d20dca2755, 7.950%, 4/06/2022 †x#^ | Funding Circle | 4/09/2018 | 122387 | 122387 | 36716 |
| &nbsp;&nbsp;&nbsp; 9481570698, 16.129%, 11/27/2026 †x¥# | Stripe | 2/28/2025 | 10504 | 10924 | 11003 |
| &nbsp;&nbsp;&nbsp; 9481692, 6.361%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 1024 | 935 | 967 |
| &nbsp;&nbsp;&nbsp; 9482134, 5.727%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 2469 | 2273 | 2235 |
| &nbsp;&nbsp;&nbsp; 9482931382, 25.859%, 11/05/2026 †x¥# | Stripe | 5/12/2025 | 1864 | 1939 | 757 |
| &nbsp;&nbsp;&nbsp; 9483466, 4.714%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 1929 | 1802 | 1883 |
| &nbsp;&nbsp;&nbsp; 9485638, 5.161%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 2908 | 2699 | 2823 |
| &nbsp;&nbsp;&nbsp; 9485962107, 16.000%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 35568 | 37347 | 37447 |
| &nbsp;&nbsp;&nbsp; 9487125, 6.504%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 160 | 146 | 154 |
| &nbsp;&nbsp;&nbsp; 9487245, 4.710%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 802 | 749 | 779 |
| &nbsp;&nbsp;&nbsp; 9487511, 4.717%, 1/27/2027 †§x¶ | Square | 7/30/2025 | 10059 | 9395 | 9618 |
| &nbsp;&nbsp;&nbsp; 9488705626, 26.087%, 9/10/2026 †x¥ | Stripe | 3/17/2025 | 243 | 253 | 261 |
| &nbsp;&nbsp;&nbsp; 9491521844, 19.865%, 5/23/2024 †x¥#^ | Stripe | 11/29/2022 | 17975 | 18694 | 899 |
| &nbsp;&nbsp;&nbsp; 949275876, 21.994%, 4/24/2025 †x¥#^ | Stripe | 10/30/2023 | 3351 | 3485 | 168 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6248** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9494666254, 19.853%, 4/23/2024 †x¥#^ | Stripe | 10/27/2022 | $5975 | $6214 | $299 |
| &nbsp;&nbsp;&nbsp; 9494762916, 20.920%, 8/04/2026 †x¥ | Stripe | 2/06/2025 | 3259 | 3390 | 1849 |
| &nbsp;&nbsp;&nbsp; 9495795269, 22.124%, 4/19/2025 †x¥#^ | Stripe | 2/01/2023 | 446 | 464 | 22 |
| &nbsp;&nbsp;&nbsp; 9509137995, 22.265%, 4/27/2023 †x¥#^ | Stripe | 11/01/2021 | 10712 | 11140 | 536 |
| &nbsp;&nbsp;&nbsp; 9509663610, 19.556%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 2379 | 2498 | 2498 |
| &nbsp;&nbsp;&nbsp; 9512195523, 26.132%, 7/10/2026 †x¥# | Stripe | 1/14/2025 | 27267 | 28358 | 1363 |
| &nbsp;&nbsp;&nbsp; 95184859, 21.995%, 9/26/2023 †x¥#^ | Stripe | 3/31/2022 | 11040 | 11482 | 552 |
| &nbsp;&nbsp;&nbsp; 9519de58-ff87-4e5f-87d3-d7819ca1c41f, 10.490%, 5/16/2023 †x#^ | Funding Circle | 5/18/2018 | 426998 | 426998 | 128099 |
| &nbsp;&nbsp;&nbsp; 9531719638, 26.513%, 1/02/2025 †x¥#^ | Stripe | 7/10/2023 | 537 | 559 | 27 |
| &nbsp;&nbsp;&nbsp; 9538642991, 18.925%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 5699 | 5927 | 285 |
| &nbsp;&nbsp;&nbsp; 9541688804, 25.998%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 25903 | 27198 | 27285 |
| &nbsp;&nbsp;&nbsp; 9552033113, 22.190%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 807 | 848 | 857 |
| &nbsp;&nbsp;&nbsp; 9553572110, 26.129%, 9/05/2026 †x¥ | Stripe | 3/12/2025 | 5827 | 6060 | 6240 |
| &nbsp;&nbsp;&nbsp; 9553865497, 16.667%, 10/16/2024 †x¥#^ | Stripe | 4/21/2023 | 4050 | 4212 | 203 |
| &nbsp;&nbsp;&nbsp; 9556906481, 14.400%, 7/28/2023 †x¥#^ | Stripe | 2/01/2022 | 5333 | 5547 | 267 |
| &nbsp;&nbsp;&nbsp; 9558287956, 24.000%, 10/07/2023 †x¥#^ | Stripe | 2/10/2022 | 2113 | 2197 | 106 |
| &nbsp;&nbsp;&nbsp; 9561361465, 26.523%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 6741 | 7078 | 7088 |
| &nbsp;&nbsp;&nbsp; 9567131628, 13.598%, 8/24/2024 †x¥#^ | Stripe | 3/01/2023 | 8435 | 8773 | 422 |
| &nbsp;&nbsp;&nbsp; 9569225537, 26.520%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 7851 | 8244 | 8267 |
| &nbsp;&nbsp;&nbsp; 9571881576, 22.396%, 4/15/2027 †x¥# | Stripe | 2/12/2025 | 11509 | 11969 | 575 |
| &nbsp;&nbsp;&nbsp; 9576296525, 20.646%, 7/10/2024 †x¥#^ | Stripe | 1/13/2023 | 2182 | 2269 | 109 |
| &nbsp;&nbsp;&nbsp; 9583482513, 25.333%, 9/14/2024 †x¥#^ | Stripe | 3/22/2023 | 21747 | 22616 | 1087 |
| &nbsp;&nbsp;&nbsp; 9584772237, 15.197%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 4038 | 4199 | 4263 |
| &nbsp;&nbsp;&nbsp; 9585380, 4.723%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 2216 | 2070 | 2149 |
| &nbsp;&nbsp;&nbsp; 9585499, 6.359%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 688 | 628 | 626 |
| &nbsp;&nbsp;&nbsp; 9585941, 5.473%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 6449 | 5960 | 6277 |
| &nbsp;&nbsp;&nbsp; 9586196, 4.717%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 34218 | 31957 | 33151 |
| &nbsp;&nbsp;&nbsp; 9587102, 4.720%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 4085 | 3815 | 3976 |
| &nbsp;&nbsp;&nbsp; 9587229, 4.717%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 3282 | 3065 | 3183 |
| &nbsp;&nbsp;&nbsp; 9587312, 4.719%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 4505 | 4207 | 4364 |
| &nbsp;&nbsp;&nbsp; 9589130, 5.145%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 753 | 699 | 729 |
| &nbsp;&nbsp;&nbsp; 9591222, 4.717%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 1795 | 1676 | 1757 |
| &nbsp;&nbsp;&nbsp; 9593526, 6.665%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 8034 | 7304 | 7465 |
| &nbsp;&nbsp;&nbsp; 9595384, 6.342%, 1/28/2027 †x¶ | Square | 7/30/2025 | 2425 | 2214 | 1873 |
| &nbsp;&nbsp;&nbsp; 9600170772, 16.000%, 5/07/2025 †x¥#^ | Stripe | 2/24/2023 | 2757 | 2867 | 138 |
| &nbsp;&nbsp;&nbsp; 9602105498, 22.333%, 5/30/2026 †x¥# | Stripe | 12/04/2024 | 893 | 929 | 45 |
| &nbsp;&nbsp;&nbsp; 9602466665, 23.037%, 4/04/2023 †x¥#^ | Stripe | 10/07/2021 | 227 | 236 | 11 |
| &nbsp;&nbsp;&nbsp; 9605031962, 20.485%, 3/07/2024 †x¥#^ | Stripe | 9/12/2022 | 1467 | 1526 | 73 |
| &nbsp;&nbsp;&nbsp; 9606573982, 22.667%, 9/04/2026 †x¥# | Stripe | 3/11/2025 | 304 | 317 | 57 |
| &nbsp;&nbsp;&nbsp; 9608827, 4.720%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 7070 | 6602 | 6661 |
| &nbsp;&nbsp;&nbsp; 9608965, 5.723%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 6844 | 6303 | 6590 |
| &nbsp;&nbsp;&nbsp; 9609324, 4.716%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 6049 | 5649 | 5860 |
| &nbsp;&nbsp;&nbsp; 9609614, 5.722%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 492 | 453 | 478 |
| &nbsp;&nbsp;&nbsp; 9609659, 4.717%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 3361 | 3139 | 3308 |
| &nbsp;&nbsp;&nbsp; 9609980, 5.162%, 1/29/2027 †x¶# | Square | 7/31/2025 | 6343 | 5888 | 4678 |
| &nbsp;&nbsp;&nbsp; 9610091, 4.723%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 3170 | 2960 | 3026 |
| &nbsp;&nbsp;&nbsp; 9610451, 6.667%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 3003 | 2730 | 2844 |
| &nbsp;&nbsp;&nbsp; 9610576, 4.717%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 2658 | 2482 | 2555 |
| &nbsp;&nbsp;&nbsp; 9610605853, 19.467%, 1/30/2024 †x¥#^ | Stripe | 8/04/2022 | 22498 | 23398 | 1125 |
| &nbsp;&nbsp;&nbsp; 9610819, 4.717%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 898 | 839 | 884 |
| &nbsp;&nbsp;&nbsp; 9610886, 5.157%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 1763 | 1636 | 1714 |
| &nbsp;&nbsp;&nbsp; 9610936, 6.536%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 592 | 539 | 480 |
| &nbsp;&nbsp;&nbsp; 9610971, 4.717%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 25403 | 23725 | 24270 |
| &nbsp;&nbsp;&nbsp; 9611436, 6.661%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 1547 | 1406 | 1090 |
| &nbsp;&nbsp;&nbsp; 9611447, 5.723%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 9631 | 8870 | 9150 |
| &nbsp;&nbsp;&nbsp; 9611711, 4.717%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 4023 | 3757 | 3905 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6249** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9612178, 4.719%, 1/29/2027 †§x¶ | Square | 7/31/2025 | $6281 | $5865 | $6150 |
| &nbsp;&nbsp;&nbsp; 9612429, 6.663%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 150 | 136 | 146 |
| &nbsp;&nbsp;&nbsp; 9612472, 4.762%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 361 | 337 | 347 |
| &nbsp;&nbsp;&nbsp; 9612477, 5.157%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 13242 | 12291 | 12422 |
| &nbsp;&nbsp;&nbsp; 9612694, 5.157%, 1/29/2027 †x¶ | Square | 7/31/2025 | 2223 | 2063 | 390 |
| &nbsp;&nbsp;&nbsp; 9612723, 4.717%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 16169 | 15100 | 15591 |
| &nbsp;&nbsp;&nbsp; 9612990, 5.156%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 2577 | 2392 | 2500 |
| &nbsp;&nbsp;&nbsp; 9613113, 5.975%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 1805 | 1658 | 1768 |
| &nbsp;&nbsp;&nbsp; 9613177, 6.645%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 219 | 199 | 212 |
| &nbsp;&nbsp;&nbsp; 9613199, 5.464%, 1/29/2027 †x¶ | Square | 7/31/2025 | 2027 | 1873 | 370 |
| &nbsp;&nbsp;&nbsp; 9613236, 6.359%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 1458 | 1331 | 1330 |
| &nbsp;&nbsp;&nbsp; 9613258, 6.651%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 397 | 361 | 383 |
| &nbsp;&nbsp;&nbsp; 9613270, 5.472%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 19379 | 17909 | 18739 |
| &nbsp;&nbsp;&nbsp; 9614949, 4.717%, 1/30/2027 †§x¶ | Square | 8/01/2025 | 59068 | 55165 | 57075 |
| &nbsp;&nbsp;&nbsp; 9616497, 5.157%, 1/30/2027 †§x¶ | Square | 8/01/2025 | 51885 | 48176 | 49652 |
| &nbsp;&nbsp;&nbsp; 9616661375, 26.489%, 11/03/2026 †x¥# | Stripe | 5/08/2025 | 696 | 724 | 287 |
| &nbsp;&nbsp;&nbsp; 9617755095, 18.872%, 11/21/2023 †x¥#^ | Stripe | 5/26/2022 | 849 | 883 | 42 |
| &nbsp;&nbsp;&nbsp; 961876658, 19.858%, 11/15/2024 †x¥#^ | Stripe | 5/23/2023 | 2189 | 2277 | 109 |
| &nbsp;&nbsp;&nbsp; 9620071328, 15.064%, 11/07/2023 †x¥#^ | Stripe | 5/12/2022 | 4819 | 5012 | 241 |
| &nbsp;&nbsp;&nbsp; 9622528, 4.717%, 1/31/2027 †§x¶ | Square | 8/04/2025 | 36808 | 34376 | 35989 |
| &nbsp;&nbsp;&nbsp; 96225395-e81c-4c27-a4cb-41f2c2f5621e, 18.950%, 10/25/2022 †x#^ | Funding Circle | 10/29/2018 | 50038 | 50038 | 15011 |
| &nbsp;&nbsp;&nbsp; 9624941, 4.717%, 1/31/2027 †§x¶ | Square | 8/04/2025 | 46018 | 43030 | 44705 |
| &nbsp;&nbsp;&nbsp; 9625346522, 18.667%, 4/11/2026 †x¥# | Stripe | 2/16/2024 | 424 | 440 | 21 |
| &nbsp;&nbsp;&nbsp; 9627977117, 20.121%, 5/08/2024 †x¥#^ | Stripe | 11/14/2022 | 2047 | 2129 | 102 |
| &nbsp;&nbsp;&nbsp; 9628365795, 26.000%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 18999 | 19949 | 20010 |
| &nbsp;&nbsp;&nbsp; 9628431630, 25.600%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 11034 | 11586 | 11611 |
| &nbsp;&nbsp;&nbsp; 9628850, 5.346%, 2/01/2027 †§x¶ | Square | 8/05/2025 | 45694 | 42302 | 44415 |
| &nbsp;&nbsp;&nbsp; 962897268, 26.533%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 20960 | 22008 | 22130 |
| &nbsp;&nbsp;&nbsp; 9631075815, 25.590%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 284 | 296 | 304 |
| &nbsp;&nbsp;&nbsp; 9631856215, 22.394%, 5/30/2027 †x¥# | Stripe | 3/20/2025 | 5899 | 6135 | 1105 |
| &nbsp;&nbsp;&nbsp; 9632286721, 21.067%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 1182 | 1230 | 59 |
| &nbsp;&nbsp;&nbsp; 9633041041, 26.000%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 1105 | 1160 | 1161 |
| &nbsp;&nbsp;&nbsp; 9633646, 4.717%, 2/04/2027 †x¶ | Square | 8/06/2025 | 112472 | 105040 | 95227 |
| &nbsp;&nbsp;&nbsp; 9635083105, 19.858%, 5/16/2024 †x¥#^ | Stripe | 11/21/2022 | 7770 | 8081 | 389 |
| &nbsp;&nbsp;&nbsp; 9635446, 5.157%, 2/04/2027 †x¶# | Square | 8/06/2025 | 111213 | 103228 | 8230 |
| &nbsp;&nbsp;&nbsp; 9641075, 4.717%, 2/05/2027 †§x¶ | Square | 8/07/2025 | 72150 | 67382 | 69539 |
| &nbsp;&nbsp;&nbsp; 9644059, 4.717%, 2/06/2027 †§x¶ | Square | 8/08/2025 | 52742 | 49257 | 51053 |
| &nbsp;&nbsp;&nbsp; 964448699, 19.733%, 10/03/2024 †x¥#^ | Stripe | 4/10/2023 | 48471 | 50410 | 2424 |
| &nbsp;&nbsp;&nbsp; 9644929473, 24.400%, 10/02/2024 †x¥#^ | Stripe | 4/07/2023 | 1273 | 1324 | 64 |
| &nbsp;&nbsp;&nbsp; 9645506, 5.157%, 2/06/2027 †§x¶ | Square | 8/08/2025 | 64616 | 59976 | 61294 |
| &nbsp;&nbsp;&nbsp; 9648197318, 22.400%, 7/30/2026 †x¥ | Stripe | 2/03/2025 | 258 | 268 | 276 |
| &nbsp;&nbsp;&nbsp; 9650184, 4.717%, 2/07/2027 †§x¶ | Square | 8/11/2025 | 60409 | 56417 | 58470 |
| &nbsp;&nbsp;&nbsp; 9651387656, 26.495%, 8/26/2026 †x¥# | Stripe | 2/28/2025 | 1467 | 1526 | 282 |
| &nbsp;&nbsp;&nbsp; 9651532, 5.157%, 2/07/2027 †§x¶ | Square | 8/11/2025 | 58475 | 54276 | 56303 |
| &nbsp;&nbsp;&nbsp; 9652485228, 19.843%, 5/20/2025 †x¥#^ | Stripe | 3/22/2023 | 377 | 392 | 19 |
| &nbsp;&nbsp;&nbsp; 9654185, 5.157%, 2/08/2027 †§x¶ | Square | 8/12/2025 | 38007 | 35278 | 37021 |
| &nbsp;&nbsp;&nbsp; 9654423367, 26.530%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 8692 | 9126 | 9125 |
| &nbsp;&nbsp;&nbsp; 96544354, 25.333%, 6/08/2024 †x¥#^ | Stripe | 12/14/2022 | 16416 | 17073 | 821 |
| &nbsp;&nbsp;&nbsp; 9656336676, 25.599%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 8459 | 8797 | 1617 |
| &nbsp;&nbsp;&nbsp; 9658247907, 26.493%, 1/13/2026 †x¥#^ | Stripe | 7/18/2024 | 1649 | 1715 | 82 |
| &nbsp;&nbsp;&nbsp; 9660074230, 17.864%, 10/16/2026 †x¥ | Stripe | 4/22/2025 | 4483 | 4662 | 4750 |
| &nbsp;&nbsp;&nbsp; 9661958, 4.717%, 2/11/2027 †§x¶ | Square | 8/13/2025 | 40552 | 37873 | 39623 |
| &nbsp;&nbsp;&nbsp; 9666385, 4.717%, 2/12/2027 †§x¶ | Square | 8/14/2025 | 92049 | 85967 | 80512 |
| &nbsp;&nbsp;&nbsp; 9667013860, 22.396%, 3/12/2026 †x¥# | Stripe | 9/16/2024 | 6528 | 6789 | 1227 |
| &nbsp;&nbsp;&nbsp; 96680077, 26.489%, 11/18/2025 †x¥#^ | Stripe | 5/23/2024 | 168 | 174 | 8 |
| &nbsp;&nbsp;&nbsp; 9670137, 6.667%, 2/13/2027 †§x¶ | Square | 8/15/2025 | 163676 | 148796 | 123183 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6250** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9671826, 4.717%, 2/13/2027 †§x¶ | Square | 8/15/2025 | $87454 | $81675 | $83671 |
| &nbsp;&nbsp;&nbsp; 9672233948, 22.261%, 3/05/2026 †x¥# | Stripe | 1/05/2024 | 276 | 287 | 14 |
| &nbsp;&nbsp;&nbsp; 9672444186, 20.762%, 12/04/2026 †x¥ | Stripe | 6/10/2025 | 403 | 419 | 431 |
| &nbsp;&nbsp;&nbsp; 9674201317, 26.462%, 12/30/2026 †x¥ | Stripe | 7/07/2025 | 569 | 592 | 599 |
| &nbsp;&nbsp;&nbsp; 9676609, 4.717%, 2/14/2027 †x¶ | Square | 8/18/2025 | 104507 | 97602 | 101870 |
| &nbsp;&nbsp;&nbsp; 9677213420, 14.667%, 8/05/2025 †x¥#^ | Stripe | 2/08/2024 | 8052 | 8374 | 403 |
| &nbsp;&nbsp;&nbsp; 9679847886, 18.800%, 1/17/2024 †x¥#^ | Stripe | 7/22/2022 | 17030 | 17712 | 852 |
| &nbsp;&nbsp;&nbsp; 9681765, 4.717%, 2/15/2027 †§x¶ | Square | 8/19/2025 | 86418 | 80714 | 75588 |
| &nbsp;&nbsp;&nbsp; 9682253214, 20.000%, 5/02/2026 †x¥# | Stripe | 11/06/2024 | 22972 | 23891 | 1149 |
| &nbsp;&nbsp;&nbsp; 9682987, 5.472%, 2/15/2027 †§x¶ | Square | 8/19/2025 | 93023 | 85967 | 88714 |
| &nbsp;&nbsp;&nbsp; 9689786832, 20.667%, 12/01/2024 †x¥#^ | Stripe | 4/07/2023 | 833 | 866 | 42 |
| &nbsp;&nbsp;&nbsp; 9693613, 4.717%, 2/19/2027 †§x¶ | Square | 8/21/2025 | 100623 | 93973 | 95884 |
| &nbsp;&nbsp;&nbsp; 9695083, 4.717%, 2/19/2027 †§x¶ | Square | 8/21/2025 | 88901 | 83027 | 77188 |
| &nbsp;&nbsp;&nbsp; 9696859828, 25.600%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 2155 | 2263 | 2271 |
| &nbsp;&nbsp;&nbsp; 9697616346, 25.867%, 5/01/2027 †x¥# | Stripe | 2/10/2025 | 1283 | 1334 | 242 |
| &nbsp;&nbsp;&nbsp; 9698047116, 26.521%, 3/12/2026 †x¥# | Stripe | 9/16/2024 | 7557 | 7859 | 378 |
| &nbsp;&nbsp;&nbsp; 9698223, 4.717%, 2/20/2027 †§x¶ | Square | 8/22/2025 | 87165 | 81405 | 83827 |
| &nbsp;&nbsp;&nbsp; 9699863149, 20.376%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 3897 | 4092 | 4091 |
| &nbsp;&nbsp;&nbsp; 96c463f0-1697-43ae-a07f-b2ba483f8579, 15.420%, 1/17/2023 †x#^ | Funding Circle | 1/19/2018 | 11792 | 11792 | 3538 |
| &nbsp;&nbsp;&nbsp; 9701683482, 25.333%, 5/03/2024 †x¥#^ | Stripe | 11/08/2022 | 522 | 542 | 26 |
| &nbsp;&nbsp;&nbsp; 9704594, 4.717%, 2/21/2027 †x¶ | Square | 8/25/2025 | 120044 | 112112 | 101933 |
| &nbsp;&nbsp;&nbsp; 9709809, 4.717%, 2/22/2027 †§x¶ | Square | 8/26/2025 | 86645 | 80919 | 82991 |
| &nbsp;&nbsp;&nbsp; 9715842, 4.717%, 2/25/2027 †§x¶ | Square | 8/27/2025 | 78962 | 73744 | 75869 |
| &nbsp;&nbsp;&nbsp; 9717178229, 17.333%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 65868 | 69161 | 69297 |
| &nbsp;&nbsp;&nbsp; 9717962, 4.717%, 2/25/2027 †§x¶ | Square | 8/27/2025 | 71167 | 66465 | 67617 |
| &nbsp;&nbsp;&nbsp; 9719315574, 19.059%, 7/10/2024 †x¥#^ | Stripe | 1/13/2023 | 2283 | 2374 | 114 |
| &nbsp;&nbsp;&nbsp; 9721179, 4.717%, 2/26/2027 †x¶ | Square | 8/28/2025 | 100549 | 93905 | 98003 |
| &nbsp;&nbsp;&nbsp; 9722775564, 21.999%, 9/05/2026 †x¥ | Stripe | 3/12/2025 | 18020 | 18741 | 19218 |
| &nbsp;&nbsp;&nbsp; 9722941463, 19.333%, 10/17/2026 †x¥ | Stripe | 4/23/2025 | 42476 | 44175 | 44997 |
| &nbsp;&nbsp;&nbsp; 9724334, 4.717%, 2/27/2027 †§x¶ | Square | 8/29/2025 | 101405 | 94704 | 96810 |
| &nbsp;&nbsp;&nbsp; 9727980971, 17.597%, 7/16/2025 †x¥#^ | Stripe | 1/19/2024 | 3427 | 3564 | 171 |
| &nbsp;&nbsp;&nbsp; 9730701306, 22.508%, 2/21/2026 †x¥^ | Stripe | 8/28/2024 | 209 | 218 | 224 |
| &nbsp;&nbsp;&nbsp; 9731034262, 22.797%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 3628 | 3773 | 181 |
| &nbsp;&nbsp;&nbsp; 9732353, 6.353%, 2/28/2027 †§x¶ | Square | 9/02/2025 | 7411 | 6766 | 7102 |
| &nbsp;&nbsp;&nbsp; 9733702, 4.717%, 2/28/2027 †§x¶ | Square | 9/02/2025 | 2305 | 2152 | 2228 |
| &nbsp;&nbsp;&nbsp; 9734129, 4.717%, 2/28/2027 †§x¶ | Square | 9/02/2025 | 2613 | 2464 | 2523 |
| &nbsp;&nbsp;&nbsp; 9734376, 4.717%, 2/28/2027 †§x¶ | Square | 9/02/2025 | 20741 | 19370 | 19959 |
| &nbsp;&nbsp;&nbsp; 9736054, 5.162%, 2/28/2027 †§x¶ | Square | 9/02/2025 | 2426 | 2251 | 2335 |
| &nbsp;&nbsp;&nbsp; 9736403, 5.724%, 2/28/2027 †§x¶ | Square | 9/02/2025 | 7369 | 6786 | 7106 |
| &nbsp;&nbsp;&nbsp; 9736805, 6.667%, 2/28/2027 †§x¶ | Square | 9/03/2025 | 4821 | 4383 | 4606 |
| &nbsp;&nbsp;&nbsp; 9738097, 4.719%, 2/28/2027 †§x¶ | Square | 9/03/2025 | 4359 | 4071 | 4162 |
| &nbsp;&nbsp;&nbsp; 9738922789, 19.328%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 1431 | 1488 | 1527 |
| &nbsp;&nbsp;&nbsp; 973922189, 22.400%, 7/25/2025 †x¥#^ | Stripe | 1/30/2024 | 8642 | 8955 | 432 |
| &nbsp;&nbsp;&nbsp; 9742067, 4.716%, 2/28/2027 †§x¶ | Square | 9/04/2025 | 1513 | 1413 | 1459 |
| &nbsp;&nbsp;&nbsp; 9742139, 5.472%, 2/28/2027 †§x¶ | Square | 9/04/2025 | 23430 | 21652 | 22104 |
| &nbsp;&nbsp;&nbsp; 9743629, 4.718%, 3/01/2027 †§x¶ | Square | 9/04/2025 | 16200 | 15129 | 15630 |
| &nbsp;&nbsp;&nbsp; 9744574, 5.975%, 3/01/2027 †§x¶ | Square | 9/04/2025 | 13535 | 12422 | 13264 |
| &nbsp;&nbsp;&nbsp; 9746454418, 26.519%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 768 | 799 | 815 |
| &nbsp;&nbsp;&nbsp; 9748820, 4.720%, 3/02/2027 †§x¶ | Square | 9/04/2025 | 849 | 793 | 829 |
| &nbsp;&nbsp;&nbsp; 9749398, 4.720%, 3/02/2027 †§x¶ | Square | 9/04/2025 | 2382 | 2225 | 2322 |
| &nbsp;&nbsp;&nbsp; 9749803214, 19.198%, 3/22/2025 †x¥#^ | Stripe | 7/27/2023 | 6049 | 6291 | 302 |
| &nbsp;&nbsp;&nbsp; 9750041, 6.666%, 3/02/2027 †x¶# | Square | 9/04/2025 | 2018 | 1834 | 1074 |
| &nbsp;&nbsp;&nbsp; 9750087, 4.718%, 3/03/2027 †§x¶ | Square | 9/05/2025 | 18208 | 17004 | 17567 |
| &nbsp;&nbsp;&nbsp; 9750549724, 19.333%, 12/16/2025 †x¥#^ | Stripe | 6/21/2024 | 27021 | 28102 | 1351 |
| &nbsp;&nbsp;&nbsp; 9751762582, 22.263%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 3300 | 3465 | 3465 |
| &nbsp;&nbsp;&nbsp; 975220206, 19.464%, 5/31/2024 †x¥#^ | Stripe | 12/06/2022 | 5594 | 5818 | 280 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6251** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9752514, 4.715%, 3/03/2027 †§x¶ | Square | 9/05/2025 | $5249 | $4903 | $5042 |
| &nbsp;&nbsp;&nbsp; 9752933, 5.980%, 3/03/2027 †§x¶ | Square | 9/05/2025 | 2354 | 2160 | 2255 |
| &nbsp;&nbsp;&nbsp; 9753193, 4.721%, 3/03/2027 †§x¶ | Square | 9/05/2025 | 2168 | 2031 | 2102 |
| &nbsp;&nbsp;&nbsp; 9753360, 5.472%, 3/03/2027 †§x¶ | Square | 9/05/2025 | 16443 | 15196 | 15871 |
| &nbsp;&nbsp;&nbsp; 9753867906, 24.863%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 1231 | 1292 | 1300 |
| &nbsp;&nbsp;&nbsp; 9754147035, 22.393%, 3/24/2026 †x¥# | Stripe | 9/26/2024 | 2167 | 2253 | 108 |
| &nbsp;&nbsp;&nbsp; 9754215564, 25.333%, 7/27/2024 †x¥#^ | Stripe | 2/01/2023 | 3034 | 3155 | 152 |
| &nbsp;&nbsp;&nbsp; 9754264116, 16.000%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 4900 | 5145 | 5145 |
| &nbsp;&nbsp;&nbsp; 9754702, 4.717%, 3/03/2027 †§x¶ | Square | 9/05/2025 | 6124 | 5719 | 5847 |
| &nbsp;&nbsp;&nbsp; 9755515900, 21.200%, 7/26/2026 †x¥# | Stripe | 5/29/2024 | 2130 | 2215 | 107 |
| &nbsp;&nbsp;&nbsp; 9758084, 5.975%, 3/04/2027 †§x¶ | Square | 9/08/2025 | 7222 | 6628 | 7028 |
| &nbsp;&nbsp;&nbsp; 9759750, 6.345%, 3/04/2027 †x¶# | Square | 9/08/2025 | 2309 | 2108 | 171 |
| &nbsp;&nbsp;&nbsp; 9759885, 5.157%, 3/04/2027 †§x¶ | Square | 9/08/2025 | 6846 | 6355 | 6547 |
| &nbsp;&nbsp;&nbsp; 9761086, 5.975%, 3/04/2027 †§x¶ | Square | 9/08/2025 | 3667 | 3365 | 3485 |
| &nbsp;&nbsp;&nbsp; 9761492313, 14.800%, 12/10/2024 †x¥#^ | Stripe | 6/15/2023 | 187539 | 195041 | 9377 |
| &nbsp;&nbsp;&nbsp; 9761892, 5.474%, 3/04/2027 †§x¶ | Square | 9/08/2025 | 9774 | 9032 | 9194 |
| &nbsp;&nbsp;&nbsp; 9762388, 4.721%, 3/05/2027 †§x¶ | Square | 9/09/2025 | 2932 | 2738 | 2753 |
| &nbsp;&nbsp;&nbsp; 9762638, 4.717%, 3/05/2027 †§x¶ | Square | 9/09/2025 | 1035 | 967 | 1004 |
| &nbsp;&nbsp;&nbsp; 9762812, 5.477%, 3/05/2027 †§x¶ | Square | 9/09/2025 | 2360 | 2181 | 2296 |
| &nbsp;&nbsp;&nbsp; 9763501, 4.717%, 3/05/2027 †§x¶ | Square | 9/09/2025 | 1901 | 1794 | 1816 |
| &nbsp;&nbsp;&nbsp; 9763673, 5.158%, 3/05/2027 †§x¶ | Square | 9/09/2025 | 3357 | 3116 | 3289 |
| &nbsp;&nbsp;&nbsp; 9764213, 5.468%, 3/05/2027 †§x¶ | Square | 9/09/2025 | 1616 | 1493 | 1255 |
| &nbsp;&nbsp;&nbsp; 9764312, 6.350%, 3/05/2027 †§x¶ | Square | 9/09/2025 | 3470 | 3168 | 3367 |
| &nbsp;&nbsp;&nbsp; 9765703, 5.154%, 3/05/2027 †x¶ | Square | 9/09/2025 | 1849 | 1717 | 1500 |
| &nbsp;&nbsp;&nbsp; 9765737266, 19.322%, 7/04/2027 †x¥# | Stripe | 4/15/2025 | 3928 | 4085 | 1066 |
| &nbsp;&nbsp;&nbsp; 9766812, 5.729%, 3/06/2027 †§x¶ | Square | 9/10/2025 | 2365 | 2178 | 2213 |
| &nbsp;&nbsp;&nbsp; 9766912, 5.159%, 3/06/2027 †§x¶ | Square | 9/10/2025 | 5228 | 4853 | 5018 |
| &nbsp;&nbsp;&nbsp; 9767242, 4.718%, 3/06/2027 †§x¶ | Square | 9/10/2025 | 6372 | 5950 | 6179 |
| &nbsp;&nbsp;&nbsp; 9767736, 6.681%, 3/07/2027 †§x¶ | Square | 9/10/2025 | 1007 | 916 | 963 |
| &nbsp;&nbsp;&nbsp; 9767850, 5.155%, 3/07/2027 †§x¶ | Square | 9/10/2025 | 2460 | 2283 | 1990 |
| &nbsp;&nbsp;&nbsp; 9767941, 6.355%, 3/07/2027 †§x¶ | Square | 9/10/2025 | 4735 | 4323 | 4599 |
| &nbsp;&nbsp;&nbsp; 9768211965, 26.444%, 3/04/2026 †x¥# | Stripe | 9/06/2024 | 42 | 44 | 8 |
| &nbsp;&nbsp;&nbsp; 9768390, 4.717%, 3/08/2027 †§x¶ | Square | 9/10/2025 | 2981 | 2784 | 2867 |
| &nbsp;&nbsp;&nbsp; 9769730, 4.719%, 3/08/2027 †§x¶ | Square | 9/10/2025 | 4895 | 4572 | 4737 |
| &nbsp;&nbsp;&nbsp; 9770626, 5.476%, 3/08/2027 †§x¶ | Square | 9/10/2025 | 3081 | 2847 | 2969 |
| &nbsp;&nbsp;&nbsp; 9771402, 5.501%, 3/08/2027 †§x¶ | Square | 9/10/2025 | 3833 | 3540 | 3348 |
| &nbsp;&nbsp;&nbsp; 9773719, 6.289%, 3/08/2027 †§x¶ | Square | 9/10/2025 | 1379 | 1260 | 1314 |
| &nbsp;&nbsp;&nbsp; 9773895, 5.718%, 3/08/2027 †§x¶ | Square | 9/10/2025 | 1168 | 1076 | 1139 |
| &nbsp;&nbsp;&nbsp; 9774147, 4.717%, 3/09/2027 †§x¶ | Square | 9/11/2025 | 14554 | 13592 | 14268 |
| &nbsp;&nbsp;&nbsp; 9776458, 4.717%, 3/09/2027 †§x¶ | Square | 9/11/2025 | 4755 | 4441 | 4580 |
| &nbsp;&nbsp;&nbsp; 9776737, 5.725%, 3/09/2027 †§x¶ | Square | 9/11/2025 | 5090 | 4689 | 4824 |
| &nbsp;&nbsp;&nbsp; 9777232, 4.717%, 3/09/2027 †§x¶ | Square | 9/11/2025 | 12194 | 11388 | 6471 |
| &nbsp;&nbsp;&nbsp; 9777785, 6.668%, 3/09/2027 †§x¶ | Square | 9/11/2025 | 3030 | 2755 | 2757 |
| &nbsp;&nbsp;&nbsp; 9777797395, 26.532%, 3/12/2026 †x¥# | Stripe | 9/16/2024 | 22752 | 23662 | 1138 |
| &nbsp;&nbsp;&nbsp; 9777935, 4.725%, 3/09/2027 †x¶ | Square | 9/11/2025 | 1823 | 1703 | 1452 |
| &nbsp;&nbsp;&nbsp; 9778009, 6.659%, 3/09/2027 †§x¶ | Square | 9/11/2025 | 656 | 596 | 618 |
| &nbsp;&nbsp;&nbsp; 9778045, 4.717%, 3/09/2027 †§x¶ | Square | 9/11/2025 | 7293 | 6811 | 7002 |
| &nbsp;&nbsp;&nbsp; 9778380, 6.656%, 3/09/2027 †x¶ | Square | 9/11/2025 | 1198 | 1089 | 673 |
| &nbsp;&nbsp;&nbsp; 9778521, 6.667%, 3/10/2027 †§x¶ | Square | 9/12/2025 | 1984 | 1804 | 1841 |
| &nbsp;&nbsp;&nbsp; 9778788, 4.722%, 3/10/2027 †§x¶ | Square | 9/12/2025 | 1885 | 1760 | 1817 |
| &nbsp;&nbsp;&nbsp; 9780043, 5.724%, 3/10/2027 †§x¶ | Square | 9/12/2025 | 15810 | 14560 | 15223 |
| &nbsp;&nbsp;&nbsp; 9781986641, 20.527%, 4/10/2024 †x¥#^ | Stripe | 10/14/2022 | 2850 | 2964 | 143 |
| &nbsp;&nbsp;&nbsp; 9781991, 4.719%, 3/10/2027 †§x¶ | Square | 9/12/2025 | 8162 | 7622 | 7894 |
| &nbsp;&nbsp;&nbsp; 9782474, 4.721%, 3/10/2027 †§x¶ | Square | 9/12/2025 | 4341 | 4054 | 4199 |
| &nbsp;&nbsp;&nbsp; 9785500, 5.473%, 3/11/2027 †§x¶ | Square | 9/15/2025 | 5094 | 4707 | 4846 |
| &nbsp;&nbsp;&nbsp; 9786343, 4.720%, 3/11/2027 †§x¶ | Square | 9/15/2025 | 5844 | 5457 | 5637 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6252** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 978655641, 22.267%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | $34799 | $36539 | $36533 |
| &nbsp;&nbsp;&nbsp; 9787188, 5.723%, 3/11/2027 †§x¶ | Square | 9/15/2025 | 28125 | 25901 | 27074 |
| &nbsp;&nbsp;&nbsp; 9789744, 6.667%, 3/12/2027 †§x¶ | Square | 9/16/2025 | 12616 | 11469 | 12290 |
| &nbsp;&nbsp;&nbsp; 9793819, 6.682%, 3/12/2027 †§x¶ | Square | 9/16/2025 | 529 | 481 | 512 |
| &nbsp;&nbsp;&nbsp; 9794095, 6.512%, 3/12/2027 †§x¶ | Square | 9/16/2025 | 3297 | 3004 | 2689 |
| &nbsp;&nbsp;&nbsp; 9794249, 4.722%, 3/12/2027 †§x¶ | Square | 9/16/2025 | 3733 | 3486 | 3604 |
| &nbsp;&nbsp;&nbsp; 9794593, 5.157%, 3/13/2027 †x¶ | Square | 9/17/2025 | 3032 | 2814 | 2057 |
| &nbsp;&nbsp;&nbsp; 9794666, 5.156%, 3/13/2027 †§x¶ | Square | 9/17/2025 | 8442 | 7837 | 8166 |
| &nbsp;&nbsp;&nbsp; 9795171, 5.147%, 3/14/2027 †§x¶ | Square | 9/17/2025 | 1578 | 1465 | 1524 |
| &nbsp;&nbsp;&nbsp; 9795245, 6.353%, 3/14/2027 †x¶# | Square | 9/17/2025 | 20107 | 18357 | 4071 |
| &nbsp;&nbsp;&nbsp; 9795758, 5.972%, 3/14/2027 †§x¶ | Square | 9/17/2025 | 997 | 915 | 954 |
| &nbsp;&nbsp;&nbsp; 9795810, 4.717%, 3/14/2027 †§x¶ | Square | 9/17/2025 | 1445 | 1350 | 1408 |
| &nbsp;&nbsp;&nbsp; 9796662, 4.717%, 3/15/2027 †§x¶ | Square | 9/17/2025 | 2886 | 2695 | 2778 |
| &nbsp;&nbsp;&nbsp; 9797021, 4.717%, 3/15/2027 †§x¶ | Square | 9/17/2025 | 16318 | 15239 | 15632 |
| &nbsp;&nbsp;&nbsp; 9797633978, 18.800%, 8/02/2023 †x¥#^ | Stripe | 2/04/2022 | 13419 | 13956 | 671 |
| &nbsp;&nbsp;&nbsp; 9798878, 5.470%, 3/15/2027 †§x¶ | Square | 9/17/2025 | 3531 | 3263 | 3448 |
| &nbsp;&nbsp;&nbsp; 9799411, 6.285%, 3/15/2027 †§x¶ | Square | 9/17/2025 | 1770 | 1617 | 1647 |
| &nbsp;&nbsp;&nbsp; 9799644, 4.717%, 3/15/2027 †§x¶ | Square | 9/17/2025 | 29912 | 27936 | 26223 |
| &nbsp;&nbsp;&nbsp; 97f333a2-fddd-4cf7-bfd4-9eb1af3bf331, 27.790%, 2/14/2018 †x#^ | Funding Circle | 12/16/2016 | 80916 | 80916 | 24275 |
| &nbsp;&nbsp;&nbsp; 9800669972, 25.594%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 4272 | 4486 | 4491 |
| &nbsp;&nbsp;&nbsp; 9800923, 5.157%, 3/15/2027 †§x¶ | Square | 9/17/2025 | 1329 | 1233 | 1254 |
| &nbsp;&nbsp;&nbsp; 9801308, 4.717%, 3/16/2027 †§x¶ | Square | 9/18/2025 | 5861 | 5474 | 5603 |
| &nbsp;&nbsp;&nbsp; 9802610, 4.721%, 3/16/2027 †§x¶ | Square | 9/18/2025 | 4627 | 4321 | 4071 |
| &nbsp;&nbsp;&nbsp; 9802832, 4.717%, 3/16/2027 †§x¶ | Square | 9/18/2025 | 33715 | 31487 | 32662 |
| &nbsp;&nbsp;&nbsp; 9805378, 4.722%, 3/17/2027 †§x¶ | Square | 9/19/2025 | 4076 | 3806 | 3936 |
| &nbsp;&nbsp;&nbsp; 9805997, 5.724%, 3/17/2027 †§x¶ | Square | 9/19/2025 | 13151 | 12112 | 12707 |
| &nbsp;&nbsp;&nbsp; 9806020205, 20.667%, 5/23/2024 †x¥#^ | Stripe | 11/29/2022 | 944 | 982 | 47 |
| &nbsp;&nbsp;&nbsp; 9806508309, 22.267%, 2/20/2024 †x¥#^ | Stripe | 8/25/2022 | 68930 | 71687 | 3446 |
| &nbsp;&nbsp;&nbsp; 9807448, 4.717%, 3/17/2027 †§x¶ | Square | 9/19/2025 | 31508 | 29426 | 30235 |
| &nbsp;&nbsp;&nbsp; 9811471481, 17.997%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 6688 | 6956 | 7083 |
| &nbsp;&nbsp;&nbsp; 9812269, 4.718%, 3/18/2027 †§x¶ | Square | 9/22/2025 | 9567 | 8935 | 8231 |
| &nbsp;&nbsp;&nbsp; 9812412766, 26.533%, 1/22/2025 †x¥#^ | Stripe | 7/28/2023 | 1929 | 2006 | 96 |
| &nbsp;&nbsp;&nbsp; 9813159, 6.289%, 3/18/2027 †§x¶ | Square | 9/22/2025 | 11466 | 10478 | 9761 |
| &nbsp;&nbsp;&nbsp; 9814331, 4.715%, 3/18/2027 †§x¶ | Square | 9/22/2025 | 4653 | 4346 | 4378 |
| &nbsp;&nbsp;&nbsp; 9815016, 4.721%, 3/18/2027 †§x¶ | Square | 9/22/2025 | 2777 | 2611 | 2695 |
| &nbsp;&nbsp;&nbsp; 9815747, 5.723%, 3/18/2027 †§x¶ | Square | 9/22/2025 | 282 | 260 | 277 |
| &nbsp;&nbsp;&nbsp; 9815801, 5.723%, 3/18/2027 †§x¶ | Square | 9/22/2025 | 62890 | 57917 | 57812 |
| &nbsp;&nbsp;&nbsp; 9817088, 4.717%, 3/19/2027 †§x¶ | Square | 9/23/2025 | 19374 | 18093 | 18784 |
| &nbsp;&nbsp;&nbsp; 9819747, 5.975%, 3/19/2027 †§x¶ | Square | 9/23/2025 | 9119 | 8369 | 8651 |
| &nbsp;&nbsp;&nbsp; 9820676, 5.157%, 3/19/2027 †§x¶ | Square | 9/23/2025 | 1349 | 1252 | 1272 |
| &nbsp;&nbsp;&nbsp; 9820756, 5.157%, 3/19/2027 †§x¶ | Square | 9/23/2025 | 46390 | 43059 | 44549 |
| &nbsp;&nbsp;&nbsp; 9821361897, 18.792%, 4/15/2023 †x¥#^ | Stripe | 10/20/2021 | 1349 | 1403 | 67 |
| &nbsp;&nbsp;&nbsp; 9821380, 5.723%, 3/20/2027 †§x¶ | Square | 9/24/2025 | 2254 | 2076 | 2184 |
| &nbsp;&nbsp;&nbsp; 9821587, 5.522%, 3/20/2027 †§x¶ | Square | 9/24/2025 | 1165 | 1076 | 232 |
| &nbsp;&nbsp;&nbsp; 9821658, 4.718%, 3/20/2027 †§x¶ | Square | 9/24/2025 | 7139 | 6667 | 6807 |
| &nbsp;&nbsp;&nbsp; 9822093, 6.356%, 3/20/2027 †§x¶ | Square | 9/24/2025 | 6825 | 6231 | 5752 |
| &nbsp;&nbsp;&nbsp; 9822399, 4.717%, 3/21/2027 †§x¶ | Square | 9/24/2025 | 11199 | 10459 | 10736 |
| &nbsp;&nbsp;&nbsp; 9823931, 6.358%, 3/22/2027 †§x¶ | Square | 9/24/2025 | 1479 | 1351 | 1415 |
| &nbsp;&nbsp;&nbsp; 9825545, 5.724%, 3/22/2027 †§x¶ | Square | 9/24/2025 | 9999 | 9208 | 9528 |
| &nbsp;&nbsp;&nbsp; 9825565239, 22.400%, 7/09/2025 †x¥#^ | Stripe | 1/12/2024 | 232 | 241 | 12 |
| &nbsp;&nbsp;&nbsp; 9826924, 5.987%, 3/22/2027 †§x¶ | Square | 9/24/2025 | 1273 | 1169 | 1163 |
| &nbsp;&nbsp;&nbsp; 9828818, 5.977%, 3/23/2027 †§x¶ | Square | 9/25/2025 | 3740 | 3432 | 3611 |
| &nbsp;&nbsp;&nbsp; 9828909318, 24.667%, 11/21/2025 †x¥#^ | Stripe | 5/29/2024 | 217 | 226 | 41 |
| &nbsp;&nbsp;&nbsp; 9829594, 4.717%, 3/23/2027 †§x¶ | Square | 9/25/2025 | 3204 | 2992 | 3079 |
| &nbsp;&nbsp;&nbsp; 9829996802, 17.998%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 30733 | 32270 | 32394 |
| &nbsp;&nbsp;&nbsp; 9830494, 6.294%, 3/23/2027 †§x¶ | Square | 9/25/2025 | 1363 | 1246 | 1270 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6253** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9831052925, 22.000%, 7/15/2026 †x¥ | Stripe | 1/17/2025 | $17405 | $18101 | $18582 |
| &nbsp;&nbsp;&nbsp; 9831160, 5.515%, 3/23/2027 †§x¶ | Square | 9/25/2025 | 604 | 558 | 567 |
| &nbsp;&nbsp;&nbsp; 9831803, 4.717%, 3/23/2027 †§x¶ | Square | 9/25/2025 | 1317 | 1230 | 1261 |
| &nbsp;&nbsp;&nbsp; 9832324, 6.351%, 3/23/2027 †§x¶ | Square | 9/25/2025 | 4248 | 3879 | 4055 |
| &nbsp;&nbsp;&nbsp; 9832502315, 20.400%, 1/15/2027 †x¥ | Stripe | 7/22/2025 | 1001 | 1041 | 1060 |
| &nbsp;&nbsp;&nbsp; 9832721, 4.717%, 3/23/2027 †§x¶ | Square | 9/25/2025 | 8739 | 8162 | 8314 |
| &nbsp;&nbsp;&nbsp; 9833384, 4.717%, 3/24/2027 †§x¶ | Square | 9/26/2025 | 17625 | 16460 | 16936 |
| &nbsp;&nbsp;&nbsp; 9834bf4b-3788-4075-9bce-ee9f639f1246, 11.890%, 3/26/2019 †x#^ | Funding Circle | 12/16/2016 | 66164 | 66164 | 19849 |
| &nbsp;&nbsp;&nbsp; 9835761196, 22.366%, 4/03/2026 †x¥ | Stripe | 10/08/2024 | 308 | 320 | 329 |
| &nbsp;&nbsp;&nbsp; 9836494, 4.718%, 3/24/2027 †§x¶ | Square | 9/26/2025 | 2492 | 2327 | 2397 |
| &nbsp;&nbsp;&nbsp; 9836675, 6.353%, 3/24/2027 †§x¶ | Square | 9/26/2025 | 12929 | 11804 | 12235 |
| &nbsp;&nbsp;&nbsp; 9837835, 5.472%, 3/24/2027 †§x¶ | Square | 9/26/2025 | 42013 | 38826 | 40668 |
| &nbsp;&nbsp;&nbsp; 9841532500, 26.529%, 10/21/2026 †x¥# | Stripe | 8/19/2024 | 7327 | 7620 | 366 |
| &nbsp;&nbsp;&nbsp; 9842388, 6.289%, 3/25/2027 †§x¶ | Square | 9/29/2025 | 8286 | 7572 | 7941 |
| &nbsp;&nbsp;&nbsp; 9843153046, 17.198%, 3/14/2023 †x¥#^ | Stripe | 9/16/2021 | 58 | 60 | 3 |
| &nbsp;&nbsp;&nbsp; 9843698174, 25.733%, 1/28/2025 †x¥#^ | Stripe | 8/03/2023 | 140 | 145 | 7 |
| &nbsp;&nbsp;&nbsp; 9845315, 5.723%, 3/25/2027 †§x¶ | Square | 9/29/2025 | 3637 | 3350 | 3467 |
| &nbsp;&nbsp;&nbsp; 9845579, 4.718%, 3/25/2027 †§x¶ | Square | 9/29/2025 | 39516 | 36905 | 37050 |
| &nbsp;&nbsp;&nbsp; 9847753, 4.725%, 3/26/2027 †§x¶ | Square | 9/30/2025 | 2938 | 2744 | 2793 |
| &nbsp;&nbsp;&nbsp; 9847941727, 26.523%, 4/04/2026 †x¥# | Stripe | 8/08/2024 | 1691 | 1758 | 328 |
| &nbsp;&nbsp;&nbsp; 9848450, 4.719%, 3/26/2027 †§x¶ | Square | 9/30/2025 | 8322 | 7772 | 8000 |
| &nbsp;&nbsp;&nbsp; 9849690, 5.157%, 3/26/2027 †§x¶ | Square | 9/30/2025 | 28133 | 26113 | 26237 |
| &nbsp;&nbsp;&nbsp; 9851350330, 20.364%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 1770 | 1858 | 1864 |
| &nbsp;&nbsp;&nbsp; 9851537290, 26.132%, 4/08/2026 †x¥# | Stripe | 10/11/2024 | 52494 | 54593 | 2625 |
| &nbsp;&nbsp;&nbsp; 9852566242, 26.529%, 7/15/2026 †x¥# | Stripe | 1/17/2025 | 6937 | 7214 | 347 |
| &nbsp;&nbsp;&nbsp; 9852983, 6.667%, 3/26/2027 †§x¶ | Square | 9/30/2025 | 13361 | 12147 | 12218 |
| &nbsp;&nbsp;&nbsp; 9854814, 5.723%, 3/26/2027 †§x¶ | Square | 9/30/2025 | 47019 | 43302 | 44849 |
| &nbsp;&nbsp;&nbsp; 985496926, 20.131%, 12/03/2024 †x¥#^ | Stripe | 6/08/2023 | 7109 | 7394 | 355 |
| &nbsp;&nbsp;&nbsp; 9855137772, 24.665%, 12/30/2024 †x¥#^ | Stripe | 5/08/2023 | 27664 | 28771 | 1383 |
| &nbsp;&nbsp;&nbsp; 9855608492, 26.524%, 10/01/2027 †x¥ | Stripe | 7/17/2025 | 2618 | 2723 | 2759 |
| &nbsp;&nbsp;&nbsp; 985562477, 18.667%, 6/12/2026 †x¥ | Stripe | 12/17/2024 | 9510 | 9890 | 10097 |
| &nbsp;&nbsp;&nbsp; 985660737, 17.333%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 8020 | 8421 | 8429 |
| &nbsp;&nbsp;&nbsp; 9856826088, 22.267%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 35583 | 37363 | 37438 |
| &nbsp;&nbsp;&nbsp; 9859659800, 20.267%, 10/24/2025 †x¥#^ | Stripe | 4/30/2024 | 7153 | 7439 | 358 |
| &nbsp;&nbsp;&nbsp; 986309907, 26.519%, 4/02/2025 †x¥#^ | Stripe | 10/06/2023 | 3216 | 3345 | 161 |
| &nbsp;&nbsp;&nbsp; 9863476369, 26.525%, 7/16/2026 †x¥# | Stripe | 1/21/2025 | 8177 | 8504 | 409 |
| &nbsp;&nbsp;&nbsp; 9866856455, 25.587%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 881 | 916 | 933 |
| &nbsp;&nbsp;&nbsp; 9870505841, 18.267%, 10/17/2026 †x¥# | Stripe | 6/11/2024 | 134509 | 139890 | 6725 |
| &nbsp;&nbsp;&nbsp; 9875562499, 20.533%, 5/14/2024 †x¥#^ | Stripe | 11/17/2022 | 5894 | 6130 | 295 |
| &nbsp;&nbsp;&nbsp; 9877306126, 19.594%, 11/05/2025 †x¥#^ | Stripe | 5/10/2024 | 5824 | 6057 | 291 |
| &nbsp;&nbsp;&nbsp; 9878066739, 15.998%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 46779 | 49118 | 49114 |
| &nbsp;&nbsp;&nbsp; 9878999531, 22.267%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 2814 | 2954 | 2958 |
| &nbsp;&nbsp;&nbsp; 9879891254, 22.387%, 7/03/2026 †x¥# | Stripe | 1/07/2025 | 4114 | 4279 | 206 |
| &nbsp;&nbsp;&nbsp; 989315883, 25.333%, 9/04/2025 †x¥#^ | Stripe | 3/11/2024 | 35050 | 36452 | 1752 |
| &nbsp;&nbsp;&nbsp; 9899543891, 26.531%, 1/13/2027 †x¥# | Stripe | 7/18/2025 | 23980 | 24939 | 9827 |
| &nbsp;&nbsp;&nbsp; 9901584077, 26.533%, 8/04/2026 †x¥# | Stripe | 2/06/2025 | 8082 | 8405 | 404 |
| &nbsp;&nbsp;&nbsp; 9901888018, 16.260%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 8983 | 9432 | 9447 |
| &nbsp;&nbsp;&nbsp; 9901909838, 26.122%, 7/22/2026 †x¥ | Stripe | 1/24/2025 | 2280 | 2371 | 2430 |
| &nbsp;&nbsp;&nbsp; 9908272252, 26.476%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 1910 | 2005 | 2009 |
| &nbsp;&nbsp;&nbsp; 9911708338, 26.523%, 5/28/2025 †x¥#^ | Stripe | 12/01/2023 | 3253 | 3383 | 163 |
| &nbsp;&nbsp;&nbsp; 9913051202, 26.519%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 6823 | 7164 | 7184 |
| &nbsp;&nbsp;&nbsp; 9919981890, 20.239%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 42 | 43 | 2 |
| &nbsp;&nbsp;&nbsp; 9922917688, 26.533%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 983 | 1033 | 1033 |
| &nbsp;&nbsp;&nbsp; 9925751847, 26.533%, 4/01/2025 †x¥#^ | Stripe | 8/08/2023 | 11914 | 12390 | 596 |
| &nbsp;&nbsp;&nbsp; 9926402961, 13.594%, 9/28/2024 †x¥#^ | Stripe | 4/05/2023 | 10146 | 10552 | 507 |
| &nbsp;&nbsp;&nbsp; 9929361366, 20.800%, 11/03/2026 †x¥ | Stripe | 5/08/2025 | 864 | 898 | 921 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6254** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 9929950772, 24.396%, 3/27/2026 †x¥# | Stripe | 1/18/2024 | $6926 | $7203 | $346 |
| &nbsp;&nbsp;&nbsp; 9930224154, 25.569%, 2/12/2027 †x¥ | Stripe | 8/19/2025 | 539 | 560 | 572 |
| &nbsp;&nbsp;&nbsp; 9934733283, 15.861%, 5/19/2023 †x¥#^ | Stripe | 11/23/2021 | 2990 | 3110 | 150 |
| &nbsp;&nbsp;&nbsp; 9936879692, 20.000%, 10/08/2026 †x¥ | Stripe | 4/14/2025 | 538 | 560 | 575 |
| &nbsp;&nbsp;&nbsp; 9939227344, 19.062%, 8/13/2024 †x¥#^ | Stripe | 2/16/2023 | 4624 | 4809 | 231 |
| &nbsp;&nbsp;&nbsp; 9941371740, 26.519%, 10/30/2026 †x¥# | Stripe | 5/06/2025 | 1200 | 1248 | 492 |
| &nbsp;&nbsp;&nbsp; 9941479152, 25.333%, 6/12/2024 †x¥#^ | Stripe | 12/16/2022 | 18044 | 18766 | 902 |
| &nbsp;&nbsp;&nbsp; 994394492, 20.526%, 10/01/2023 †x¥#^ | Stripe | 12/08/2021 | 2137 | 2214 | 107 |
| &nbsp;&nbsp;&nbsp; 9946171817, 26.462%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 675 | 709 | 715 |
| &nbsp;&nbsp;&nbsp; 9947320474, 16.267%, 2/03/2027 †x¥ | Stripe | 8/08/2025 | 27068 | 28150 | 28494 |
| &nbsp;&nbsp;&nbsp; 995171232, 23.167%, 11/02/2023 †x¥#^ | Stripe | 5/09/2022 | 1083 | 1126 | 54 |
| &nbsp;&nbsp;&nbsp; 9951842103, 24.000%, 5/06/2023 †x¥#^ | Stripe | 11/10/2021 | 3181 | 3308 | 159 |
| &nbsp;&nbsp;&nbsp; 9960842962, 20.364%, 12/19/2026 †x¥ | Stripe | 6/25/2025 | 282 | 293 | 299 |
| &nbsp;&nbsp;&nbsp; 9960965964, 19.332%, 10/10/2026 †x¥# | Stripe | 4/16/2025 | 35088 | 36492 | 9532 |
| &nbsp;&nbsp;&nbsp; 9963422948, 24.000%, 4/04/2024 †x¥#^ | Stripe | 1/26/2022 | 3193 | 3321 | 160 |
| &nbsp;&nbsp;&nbsp; 9964420977, 16.260%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 6571 | 6900 | 6915 |
| &nbsp;&nbsp;&nbsp; 996539677, 21.173%, 6/17/2026 †x¥# | Stripe | 12/20/2024 | 2287 | 2378 | 435 |
| &nbsp;&nbsp;&nbsp; 9968006688, 19.733%, 5/17/2024 †x¥#^ | Stripe | 11/22/2022 | 2777 | 2888 | 139 |
| &nbsp;&nbsp;&nbsp; 9968883199, 26.528%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 21841 | 22934 | 22936 |
| &nbsp;&nbsp;&nbsp; 9968954495, 26.522%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 3210 | 3339 | 3389 |
| &nbsp;&nbsp;&nbsp; 9970356310, 19.062%, 2/17/2024 †x¥#^ | Stripe | 8/24/2022 | 4255 | 4425 | 213 |
| &nbsp;&nbsp;&nbsp; 9971754727, 22.385%, 9/08/2026 †x¥ | Stripe | 3/13/2025 | 3156 | 3282 | 3340 |
| &nbsp;&nbsp;&nbsp; 9972701327, 24.000%, 10/19/2023 †x¥#^ | Stripe | 4/25/2022 | 6776 | 7047 | 339 |
| &nbsp;&nbsp;&nbsp; 9975228079, 18.133%, 12/08/2026 †x¥ | Stripe | 6/12/2025 | 3972 | 4131 | 4209 |
| &nbsp;&nbsp;&nbsp; 9976202834, 26.533%, 11/26/2025 †x¥#^ | Stripe | 5/31/2024 | 7581 | 7885 | 379 |
| &nbsp;&nbsp;&nbsp; 9980777122, 25.867%, 8/11/2026 †x¥ | Stripe | 2/13/2025 | 123 | 128 | 132 |
| &nbsp;&nbsp;&nbsp; 9982583952, 20.398%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 20099 | 20903 | 21244 |
| &nbsp;&nbsp;&nbsp; 9986323245, 17.600%, 12/12/2026 †x¥ | Stripe | 6/18/2025 | 68 | 70 | 72 |
| &nbsp;&nbsp;&nbsp; 9988554164, 26.533%, 2/12/2026 †x¥#^ | Stripe | 8/19/2024 | 849 | 883 | 42 |
| &nbsp;&nbsp;&nbsp; 9989227690, 20.000%, 12/18/2024 †x¥#^ | Stripe | 6/23/2023 | 49332 | 51305 | 2467 |
| &nbsp;&nbsp;&nbsp; 9989290822, 22.261%, 10/23/2025 †x¥#^ | Stripe | 4/29/2024 | 2646 | 2752 | 132 |
| &nbsp;&nbsp;&nbsp; 9991793800, 19.043%, 11/21/2023 †x¥#^ | Stripe | 5/26/2022 | 3666 | 3812 | 183 |
| &nbsp;&nbsp;&nbsp; 9994707013, 17.600%, 11/12/2024 †x¥#^ | Stripe | 5/18/2023 | 9835 | 10229 | 492 |
| &nbsp;&nbsp;&nbsp; 9996931332, 22.000%, 7/16/2026 †x¥ | Stripe | 1/21/2025 | 348 | 362 | 372 |
| &nbsp;&nbsp;&nbsp; 9997112696, 14.130%, 4/04/2023 †x¥#^ | Stripe | 10/07/2021 | 3000 | 3120 | 150 |
| &nbsp;&nbsp;&nbsp; 9997147359, 17.867%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 2477 | 2576 | 2619 |
| &nbsp;&nbsp;&nbsp; 9d206e52-5ba0-44dd-ae6f-2959f62228c7, 19.290%, 8/04/2020 †x#^ | Funding Circle | 8/07/2017 | 14941 | 14941 | 4482 |
| &nbsp;&nbsp;&nbsp; a1e9d578-20b4-4eb4-a22b-0dcbb1455a60, 26.990%, 4/20/2023 †x#^ | Funding Circle | 4/23/2018 | 23610 | 23897 | 7083 |
| &nbsp;&nbsp;&nbsp; a4f04254-339e-4fbc-914b-e2d6bf1c099a, 10.490%, 11/27/2022 †x#^ | Funding Circle | 11/29/2017 | 84111 | 84111 | 25233 |
| &nbsp;&nbsp;&nbsp; a74c1a7f-bdb4-4dfd-a8c4-d3414b9a05dd, 14.090%, 10/31/2018 †x#^ | Funding Circle | 12/16/2016 | 4483 | 4483 | 1345 |
| &nbsp;&nbsp;&nbsp; ae4f9468-b648-4131-a808-a029588bd7df, 14.670%, 8/08/2019 †x#^ | Funding Circle | 12/11/2017 | 89498 | 89498 | 26849 |
| &nbsp;&nbsp;&nbsp; b13b5ba7-715d-4f9e-a2bd-bb2643ff7f7d, 19.700%, 5/30/2024 †x#^ | Funding Circle | 12/03/2018 | 3897 | 3897 | 1169 |
| &nbsp;&nbsp;&nbsp; b143e19a-852e-443c-9693-374a3cbb61d0, 15.090%, 5/14/2019 †x#^ | Funding Circle | 12/16/2016 | 31559 | 31559 | 9468 |
| &nbsp;&nbsp;&nbsp; b6c4309e-5567-4d77-a179-56c0604bc285, 10.490%, 5/15/2023 †x#^ | Funding Circle | 5/17/2018 | 52137 | 52137 | 15641 |
| &nbsp;&nbsp;&nbsp; b769b984-4192-4e83-b830-3bee8c6c898d, 15.420%, 3/04/2019 †x#^ | Funding Circle | 2/05/2018 | 88050 | 88050 | 26415 |
| &nbsp;&nbsp;&nbsp; bd3c52e3-b3c2-49d3-bef4-00f4df312e7b, 15.420%, 10/03/2019 †x#^ | Funding Circle | 8/06/2018 | 95887 | 95887 | 28766 |
| &nbsp;&nbsp;&nbsp; be313f56-7c02-475a-b791-0c5bf221b774, 14.090%, 4/09/2019 †x#^ | Funding Circle | 12/16/2016 | 1683 | 1683 | 505 |
| &nbsp;&nbsp;&nbsp; c26b17e1-1d2f-4dc5-94d9-488ace473d1c, 25.490%, 7/16/2019 †x#^ | Funding Circle | 6/15/2018 | 14185 | 14185 | 4256 |
| &nbsp;&nbsp;&nbsp; c52f6865-9d26-4d56-b9cf-ccdec1cf888b, 10.190%, 1/29/2020 †x#^ | Funding Circle | 1/25/2018 | 30991 | 30991 | 9297 |
| &nbsp;&nbsp;&nbsp; c58e5e05-ba9b-4877-9c37-9fa452226144, 18.900%, 2/07/2020 †x#^ | Funding Circle | 2/05/2018 | 78627 | 78627 | 23588 |
| &nbsp;&nbsp;&nbsp; cbe5a736-2695-4bd8-87a0-c266ca6be49a, 15.070%, 4/30/2023 †x#^ | Funding Circle | 11/01/2018 | 70216 | 70216 | 21065 |
| &nbsp;&nbsp;&nbsp; ccb344db-d5d2-42c4-aac5-db3475da666c, 18.900%, 5/25/2019 †x#^ | Funding Circle | 1/24/2018 | 19856 | 19856 | 5957 |
| &nbsp;&nbsp;&nbsp; d5d3d609-5114-44fd-bd01-a6c6af517214, 8.250%, 6/18/2023 †x#^ | Funding Circle | 6/20/2018 | 8820 | 8820 | 2646 |
| &nbsp;&nbsp;&nbsp; d60c5a33-c008-4c4b-ae82-68b33c2fcb27, 10.490%, 10/26/2023 †x#^ | Funding Circle | 4/30/2018 | 63276 | 63276 | 18983 |
| &nbsp;&nbsp;&nbsp; d6518c73-32f0-4f07-bbac-8d5821926000, 16.090%, 3/25/2019 †x#^ | Funding Circle | 12/16/2016 | 136518 | 136518 | 40955 |
| &nbsp;&nbsp;&nbsp; d754b42e-5da0-461a-bdf5-add05ec921b7, 10.490%, 11/09/2023 †x#^ | Funding Circle | 5/11/2018 | 71651 | 71651 | 21495 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6255** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; d911f957-d239-412e-8ee5-7a1c9c2eaac8, 8.250%, 2/10/2024 †x#^ | Funding Circle | 8/13/2018 | $11481 | $11481 | $3444 |
| &nbsp;&nbsp;&nbsp; dfc11db4-7ed9-43c9-b0c0-c78a2b93aaf7, 10.490%, 5/01/2023 †x#^ | Funding Circle | 5/03/2018 | 75092 | 75092 | 22528 |
| &nbsp;&nbsp;&nbsp; e23ed96d-705c-48f2-87cb-20788d5dca2f, 10.490%, 2/29/2024 †x#^ | Funding Circle | 9/04/2018 | 20696 | 20696 | 6209 |
| &nbsp;&nbsp;&nbsp; e4caca49-39ce-4800-aa59-b316b7dec7c7, 17.400%, 7/02/2019 †x#^ | Funding Circle | 5/02/2018 | 28955 | 28955 | 8687 |
| &nbsp;&nbsp;&nbsp; e81b736c-491e-4d33-ada7-b4bec411411e, 26.990%, 10/31/2019 †x#^ | Funding Circle | 1/29/2018 | 25323 | 25323 | 7597 |
| &nbsp;&nbsp;&nbsp; e8871178-930c-4dd0-8648-4867e6d8954d, 8.250%, 4/17/2023 †x#^ | Funding Circle | 4/19/2018 | 300524 | 300524 | 90157 |
| &nbsp;&nbsp;&nbsp; e9f2254e-add2-42b2-9269-83680212ef40, 10.490%, 11/03/2022 †x#^ | Funding Circle | 11/06/2017 | 19007 | 19007 | 5702 |
| &nbsp;&nbsp;&nbsp; ea4bf6bf-6dd6-40ab-a219-93c66ddec22a, 26.990%, 7/09/2019 †x#^ | Funding Circle | 8/09/2018 | 16430 | 16430 | 4929 |
| &nbsp;&nbsp;&nbsp; eca22e5f-4e89-4bee-bf0c-d7e9b17a8cf7, 20.290%, 11/05/2018 †x#^ | Funding Circle | 2/06/2017 | 19360 | 19360 | 5808 |
| &nbsp;&nbsp;&nbsp; ef4708c7-e4b9-4ec4-ad62-f35c9273af29, 11.890%, 8/15/2021 †x#^ | Funding Circle | 8/17/2017 | 51753 | 51753 | 15526 |
| &nbsp;&nbsp;&nbsp; f11f2a01-47f3-4d78-a6af-27321d4835da, 15.070%, 9/25/2022 †x#^ | Funding Circle | 9/27/2018 | 287862 | 287862 | 86359 |
| &nbsp;&nbsp;&nbsp; fab80007-fbaf-4f74-96de-70f3784a59d7, 18.900%, 6/10/2019 †x#^ | Funding Circle | 11/20/2017 | 99538 | 99538 | 29861 |
| &nbsp;&nbsp;&nbsp; fef3f77f-df7c-4d3d-b651-5576b933e493, 9.790%, 4/20/2018 †x#^ | Funding Circle | 7/20/2017 | 173244 | 173244 | 51973 |
| &nbsp;&nbsp;&nbsp; LAI-00000636, 8.220%, 12/15/2025 †x#^ | ApplePie | 12/06/2018 | 225171 | 225171 | 224969 |
| &nbsp;&nbsp;&nbsp; LAI-00000665, 7.360%, 4/15/2026 †x#◊ | ApplePie | 4/04/2019 | 51597 | 51597 | 51509 |
| &nbsp;&nbsp;&nbsp; LAI-00000713, 7.360%, 4/15/2026 †x# | ApplePie | 4/04/2019 | 193152 | 193152 | 9658 |
| &nbsp;&nbsp;&nbsp; LAI-00000931, 10.270%, 3/15/2026 †x# | ApplePie | 3/21/2019 | 197601 | 197601 | 197384 |
| &nbsp;&nbsp;&nbsp; LAI-00001217, 7.800%, 3/15/2026 †x# | ApplePie | 3/07/2019 | 261910 | 261910 | 261596 |
| &nbsp;&nbsp;&nbsp; LAI-00001275, 10.400%, 4/15/2026 †x# | ApplePie | 4/11/2019 | 182409 | 182529 | 182810 |
| &nbsp;&nbsp;&nbsp; LAI-00001507, 8.400%, 4/15/2026 †x# | ApplePie | 4/11/2019 | 150695 | 150797 | 151011 |
| &nbsp;&nbsp;&nbsp; LAI-00001527, 8.210%, 3/15/2026 †x#◊ | ApplePie | 3/14/2019 | 32288 | 32288 | 32288 |
| &nbsp;&nbsp;&nbsp; LAI-00001905, 7.170%, 9/15/2026 †x# | ApplePie | 8/29/2019 | 147830 | 147830 | 147667 |
| &nbsp;&nbsp;&nbsp; LAI-00001961, 8.130%, 7/15/2026 †x | ApplePie | 7/18/2019 | 143314 | 143314 | 143185 |
| &nbsp;&nbsp;&nbsp; LAI-00001987, 9.780%, 3/15/2030 †x# | ApplePie | 3/12/2020 | 743575 | 743575 | 742683 |
| &nbsp;&nbsp;&nbsp; LAI-00001996, 7.030%, 4/15/2026 †x#◊ | ApplePie | 4/04/2019 | 48990 | 48990 | 48912 |
| &nbsp;&nbsp;&nbsp; LAI-00002034, 7.800%, 5/15/2026 †x# | ApplePie | 5/23/2019 | 286626 | 286626 | 286340 |
| &nbsp;&nbsp;&nbsp; LAI-00002066, 7.360%, 4/15/2026 †x#◊ | ApplePie | 4/04/2019 | 85369 | 85369 | 85514 |
| &nbsp;&nbsp;&nbsp; LAI-00002124, 7.360%, 4/15/2026 †x◊ | ApplePie | 4/04/2019 | 11992 | 11992 | 12015 |
| &nbsp;&nbsp;&nbsp; LAI-00002131, 8.870%, 6/15/2026 †x# | ApplePie | 5/30/2019 | 184581 | 184581 | 184359 |
| &nbsp;&nbsp;&nbsp; LAI-00002146, 7.420%, 11/15/2026 †x# | ApplePie | 11/14/2019 | 636181 | 636181 | 635417 |
| &nbsp;&nbsp;&nbsp; LAI-00002308, 7.950%, 8/15/2029 †x#◊ | ApplePie | 8/22/2019 | 133649 | 133649 | 133476 |
| &nbsp;&nbsp;&nbsp; LAI-00002330, 9.630%, 3/15/2027 †x# | ApplePie | 3/12/2020 | 285561 | 285561 | 285247 |
| &nbsp;&nbsp;&nbsp; LAI-00002362, 7.870%, 7/15/2026 †x# | ApplePie | 6/27/2019 | 268983 | 268983 | 268661 |
| &nbsp;&nbsp;&nbsp; LAI-00002386, 9.050%, 4/15/2027 †x# | ApplePie | 4/02/2020 | 171454 | 171454 | 171283 |
| &nbsp;&nbsp;&nbsp; LAI-00002504, 8.600%, 5/15/2028 †x# | ApplePie | 5/18/2021 | 520402 | 520402 | 519830 |
| &nbsp;&nbsp;&nbsp; LAI-00002522, 6.830%, 5/15/2026 †x#◊ | ApplePie | 5/23/2019 | 10184 | 10184 | 10171 |
| &nbsp;&nbsp;&nbsp; LAI-00002579, 7.780%, 5/15/2030 †x#◊ | ApplePie | 5/07/2020 | 436259 | 437981 | 439007 |
| &nbsp;&nbsp;&nbsp; LAI-00002662, 6.950%, 9/15/2026 †x#◊ | ApplePie | 9/19/2019 | 102409 | 102409 | 102286 |
| &nbsp;&nbsp;&nbsp; LAI-00002883, 7.540%, 1/15/2027 †x# | ApplePie | 1/09/2020 | 796362 | 796362 | 795486 |
| &nbsp;&nbsp;&nbsp; LAI-00002924, 7.040%, 9/15/2026 †x# | ApplePie | 9/12/2019 | 162158 | 162158 | 161996 |
| &nbsp;&nbsp;&nbsp; LAI-00003077, 8.600%, 10/15/2030 †x#◊ | ApplePie | 10/08/2020 | 288805 | 288805 | 288459 |
| &nbsp;&nbsp;&nbsp; LAI-00003170, 9.080%, 11/15/2026 †x# | ApplePie | 11/21/2019 | 186342 | 186342 | 59648 |
| &nbsp;&nbsp;&nbsp; LAI-00003467, 7.360%, 3/15/2030 †x#◊ | ApplePie | 3/12/2020 | 81853 | 81853 | 81730 |
| &nbsp;&nbsp;&nbsp; LAI-00003575, 8.100%, 3/15/2027 †x# | ApplePie | 3/05/2020 | 332703 | 332703 | 332338 |
| &nbsp;&nbsp;&nbsp; LAI-00003590, 8.600%, 1/15/2028 †x# | ApplePie | 12/23/2020 | 395706 | 395706 | 395270 |
| &nbsp;&nbsp;&nbsp; LAI-00003747, 9.050%, 6/15/2027 †x# | ApplePie | 6/04/2020 | 277932 | 277932 | 13897 |
| &nbsp;&nbsp;&nbsp; LAI-00003926, 7.150%, 4/15/2027 †x#◊ | ApplePie | 4/09/2020 | 173922 | 173922 | 173765 |
| &nbsp;&nbsp;&nbsp; LAI-00003936, 7.780%, 3/15/2030 †x#◊ | ApplePie | 3/26/2020 | 173051 | 173051 | 172861 |
| &nbsp;&nbsp;&nbsp; LAI-00004106, 8.600%, 7/15/2028 †x#◊ | ApplePie | 6/23/2021 | 600065 | 600065 | 599405 |
| &nbsp;&nbsp;&nbsp; LAI-00004274, 8.960%, 3/15/2027 †x#◊ | ApplePie | 3/19/2020 | 93710 | 93710 | 93626 |
| &nbsp;&nbsp;&nbsp; LAI-00004397, 8.600%, 8/15/2028 †x# | ApplePie | 8/03/2021 | 623488 | 623488 | 622740 |
| &nbsp;&nbsp;&nbsp; LAI-00011886, 7.600%, 5/15/2028 †x | ApplePie | 4/20/2021 | 252625 | 252625 | 252372 |
| &nbsp;&nbsp;&nbsp; LAI-00011898, 7.600%, 7/15/2028 †x#◊ | ApplePie | 7/15/2021 | 222379 | 222379 | 222157 |
| &nbsp;&nbsp;&nbsp; LAI-00012274, 7.900%, 6/15/2028 †x# | ApplePie | 6/03/2021 | 651068 | 651068 | 650351 |
| &nbsp;&nbsp;&nbsp; LAI-00012345, 12.600%, 5/15/2028 †x# | ApplePie | 4/27/2021 | 713769 | 713769 | 35688 |
| &nbsp;&nbsp;&nbsp; LAI-00012454, 8.600%, 4/15/2028 †x# | ApplePie | 4/14/2021 | 496496 | 496496 | 495949 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6256** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 4.12% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00012578, 8.600%, 6/15/2028 †x# | ApplePie | 6/02/2021 | $757471 | $757471 | $756637 |
| &nbsp;&nbsp;&nbsp; LAI-00012717, 8.600%, 6/15/2028 †x | ApplePie | 6/07/2021 | 425446 | 425446 | 426552 |
| &nbsp;&nbsp;&nbsp; LAI-00013232, 7.600%, 5/15/2028 †x# | ApplePie | 5/03/2021 | 386104 | 386104 | 385718 |
| &nbsp;&nbsp;&nbsp; LAI-00013300, 7.900%, 6/15/2028 †x# | ApplePie | 6/15/2021 | 186872 | 186872 | 186667 |
| &nbsp;&nbsp;&nbsp; LAI-00013704, 8.600%, 6/15/2028 †x# | ApplePie | 6/15/2021 | 1055255 | 1055255 | 52763 |
| &nbsp;&nbsp;&nbsp; LAI-00050451, 9.650%, 3/15/2033 †x | ApplePie | 2/25/2026 | 798969 | 798969 | 789142 |
| &nbsp;&nbsp;&nbsp; LAI-00050940, 10.050%, 3/15/2036 †x | ApplePie | 2/25/2026 | 317386 | 317386 | 317799 |
| &nbsp;&nbsp;&nbsp; LAI-00051234, 9.640%, 2/15/2036 †x | ApplePie | 2/18/2026 | 291265 | 291265 | 287449 |
| &nbsp;&nbsp;&nbsp; LAI-00052048, 9.230%, 3/15/2036 †x | ApplePie | 2/25/2026 | 790575 | 790575 | 770020 |
| &nbsp;&nbsp;&nbsp; LAI-00052051, 9.220%, 3/15/2036 †x | ApplePie | 2/18/2026 | 431543 | 431543 | 420150 |
|  |  |  |  | **109193150** | **58487920** |
| **Total Small Business Loans** |  |  |  | **117687328** | **61096119** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6257** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **Student Loans - 0.05%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 0.05%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; L1027854, 24.540%, 3/26/2026 †x◊ | Upstart | 3/31/2021 | $308 | $308 | $307 |
| &nbsp;&nbsp;&nbsp; L1094774, 25.000%, 4/27/2026 †x# | Upstart | 4/30/2021 | 269 | 269 | 236 |
| &nbsp;&nbsp;&nbsp; L1139494, 16.460%, 5/06/2026 †§x | Upstart | 5/11/2021 | 206 | 206 | 205 |
| &nbsp;&nbsp;&nbsp; L1347506, 10.020%, 7/01/2026 †x◊ | Upstart | 7/02/2021 | 601 | 601 | 595 |
| &nbsp;&nbsp;&nbsp; L1349949, 19.610%, 7/01/2026 †x◊ | Upstart | 7/06/2021 | 511 | 511 | 505 |
| &nbsp;&nbsp;&nbsp; L1351300, 16.460%, 7/01/2026 †x◊ | Upstart | 7/06/2021 | 1845 | 1845 | 1829 |
| &nbsp;&nbsp;&nbsp; L1353225, 15.360%, 7/01/2026 †x◊ | Upstart | 7/06/2021 | 1171 | 1171 | 1162 |
| &nbsp;&nbsp;&nbsp; L1361200, 22.640%, 7/02/2026 †§x | Upstart | 7/08/2021 | 147 | 147 | 145 |
| &nbsp;&nbsp;&nbsp; L1363662, 14.720%, 5/07/2027 †x | Upstart | 7/12/2021 | 3957 | 3957 | 2909 |
| &nbsp;&nbsp;&nbsp; L1366567, 25.780%, 12/06/2026 †x# | Upstart | 7/09/2021 | 2789 | 2789 | 2743 |
| &nbsp;&nbsp;&nbsp; L1370965, 14.430%, 7/06/2026 †x# | Upstart | 7/09/2021 | 654 | 654 | 296 |
| &nbsp;&nbsp;&nbsp; L1371819, 25.360%, 7/06/2026 †x# | Upstart | 7/09/2021 | 295 | 295 | 292 |
| &nbsp;&nbsp;&nbsp; L1377359, 25.110%, 12/07/2026 †x | Upstart | 7/12/2021 | 1608 | 1608 | 1586 |
| &nbsp;&nbsp;&nbsp; L1378989, 23.560%, 7/08/2026 †§x | Upstart | 7/13/2021 | 398 | 398 | 394 |
| &nbsp;&nbsp;&nbsp; L1395009, 15.650%, 7/12/2026 †x◊ | Upstart | 7/15/2021 | 1382 | 1382 | 1374 |
| &nbsp;&nbsp;&nbsp; L1401867, 9.900%, 7/12/2026 †x◊ | Upstart | 7/15/2021 | 1453 | 1453 | 1440 |
| &nbsp;&nbsp;&nbsp; L1425613, 16.060%, 7/19/2026 †x◊ | Upstart | 7/22/2021 | 413 | 413 | 411 |
| &nbsp;&nbsp;&nbsp; L1426300, 19.260%, 9/19/2026 †x# | Upstart | 7/22/2021 | 1481 | 1481 | 232 |
| &nbsp;&nbsp;&nbsp; L1450413, 25.850%, 12/22/2026 †x# | Upstart | 7/27/2021 | 1046 | 1046 | 1037 |
| &nbsp;&nbsp;&nbsp; L1451672, 25.450%, 12/22/2026 †x | Upstart | 7/27/2021 | 1268 | 1268 | 1258 |
| &nbsp;&nbsp;&nbsp; L1511097, 15.420%, 1/05/2027 †x# | Upstart | 8/10/2021 | 2101 | 2101 | 755 |
| &nbsp;&nbsp;&nbsp; L1544863, 17.400%, 8/13/2026 †§x | Upstart | 8/18/2021 | 718 | 718 | 712 |
| &nbsp;&nbsp;&nbsp; L1622997, 16.470%, 2/01/2027 †x | Upstart | 9/02/2021 | 2649 | 2649 | 2622 |
| &nbsp;&nbsp;&nbsp; L1653086, 26.850%, 9/08/2026 †x◊ | Upstart | 9/13/2021 | 673 | 673 | 665 |
| &nbsp;&nbsp;&nbsp; L1656057, 24.200%, 7/08/2027 †x# | Upstart | 9/13/2021 | 777 | 777 | 734 |
| &nbsp;&nbsp;&nbsp; L1659458, 17.980%, 2/12/2027 †x◊ | Upstart | 9/13/2021 | 3187 | 3187 | 3138 |
| &nbsp;&nbsp;&nbsp; L1660836, 11.830%, 9/09/2026 †x◊ | Upstart | 9/14/2021 | 1192 | 1192 | 1179 |
| &nbsp;&nbsp;&nbsp; L166236, 19.690%, 5/09/2023 †x#^ | Upstart | 5/14/2018 | 109 | 109 | 17 |
| &nbsp;&nbsp;&nbsp; L1692309, 21.240%, 2/14/2027 †x◊ | Upstart | 9/17/2021 | 769 | 769 | 760 |
| &nbsp;&nbsp;&nbsp; L1692967, 22.940%, 2/14/2027 †x | Upstart | 9/17/2021 | 1226 | 1226 | 1209 |
| &nbsp;&nbsp;&nbsp; L1777070, 15.820%, 3/05/2027 †x | Upstart | 10/08/2021 | 1936 | 1936 | 1917 |
| &nbsp;&nbsp;&nbsp; L1813465, 25.430%, 10/12/2026 †§x | Upstart | 10/15/2021 | 237 | 237 | 235 |
| &nbsp;&nbsp;&nbsp; L1828533, 22.620%, 3/15/2027 †x# | Upstart | 10/20/2021 | 2038 | 2038 | 448 |
| &nbsp;&nbsp;&nbsp; L1856766, 25.400%, 3/19/2027 †x# | Upstart | 10/22/2021 | 1827 | 1827 | 286 |
| &nbsp;&nbsp;&nbsp; L1861750, 24.070%, 10/20/2026 †x#◊ | Upstart | 10/25/2021 | 443 | 443 | 431 |
| &nbsp;&nbsp;&nbsp; L1868170, 17.020%, 3/21/2027 †x | Upstart | 10/26/2021 | 1427 | 1427 | 1411 |
| &nbsp;&nbsp;&nbsp; L1941296, 14.850%, 11/02/2026 †x◊ | Upstart | 11/05/2021 | 502 | 502 | 495 |
| &nbsp;&nbsp;&nbsp; L1944904, 8.140%, 11/03/2026 †x◊ | Upstart | 11/08/2021 | 1770 | 1770 | 1744 |
| &nbsp;&nbsp;&nbsp; L1989371, 13.380%, 11/10/2026 †x◊ | Upstart | 11/16/2021 | 196 | 196 | 193 |
| &nbsp;&nbsp;&nbsp; L200822, 15.540%, 1/14/2024 †x#^ | Upstart | 8/17/2018 | 106 | 106 | 17 |
| &nbsp;&nbsp;&nbsp; L2041156, 13.310%, 12/01/2026 †x◊ | Upstart | 12/06/2021 | 841 | 841 | 829 |
| &nbsp;&nbsp;&nbsp; L2119551, 24.130%, 12/01/2026 †x◊ | Upstart | 12/06/2021 | 2083 | 2083 | 2051 |
| &nbsp;&nbsp;&nbsp; L2128285, 21.680%, 5/02/2027 †x# | Upstart | 12/07/2021 | 3476 | 3476 | 350 |
| &nbsp;&nbsp;&nbsp; L2135027, 18.840%, 12/03/2026 †x◊ | Upstart | 12/08/2021 | 1664 | 1664 | 1642 |
| &nbsp;&nbsp;&nbsp; L2139154, 25.510%, 12/03/2026 †x◊ | Upstart | 12/08/2021 | 529 | 529 | 522 |
| &nbsp;&nbsp;&nbsp; L2195176, 21.060%, 12/14/2026 †x◊ | Upstart | 12/17/2021 | 1059 | 1059 | 1046 |
| &nbsp;&nbsp;&nbsp; L2218853, 12.000%, 12/28/2026 †x#◊ | Upstart | 12/17/2021 | 2086 | 2086 | 2053 |
| &nbsp;&nbsp;&nbsp; L2290062, 15.290%, 6/14/2027 †x | Upstart | 1/20/2022 | 4854 | 4854 | 4761 |
| &nbsp;&nbsp;&nbsp; L2303884, 8.470%, 6/07/2027 †x# | Upstart | 1/12/2022 | 2786 | 2786 | 2717 |
| &nbsp;&nbsp;&nbsp; L2341886, 15.230%, 1/05/2027 †x◊ | Upstart | 1/10/2022 | 780 | 780 | 768 |
| &nbsp;&nbsp;&nbsp; L2345118, 17.730%, 1/06/2027 †x◊ | Upstart | 1/11/2022 | 1013 | 1013 | 1000 |
| &nbsp;&nbsp;&nbsp; L2347343, 5.540%, 1/07/2027 †x◊ | Upstart | 1/12/2022 | 1107 | 1107 | 1085 |
| &nbsp;&nbsp;&nbsp; L2351285, 5.990%, 1/06/2027 †x◊ | Upstart | 1/11/2022 | 2226 | 2226 | 2184 |
| &nbsp;&nbsp;&nbsp; L2359110, 5.830%, 1/22/2027 †x#◊ | Upstart | 1/12/2022 | 816 | 816 | 800 |
| &nbsp;&nbsp;&nbsp; L2391612, 16.870%, 6/13/2027 †x# | Upstart | 1/19/2022 | 12883 | 12883 | 12134 |
| &nbsp;&nbsp;&nbsp; L2403575, 13.360%, 6/14/2027 †x# | Upstart | 1/20/2022 | 2890 | 2890 | 2821 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6258** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 0.05% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; L2404800, 18.320%, 1/14/2027 †§x | Upstart | 1/20/2022 | $642 | $642 | $634 |
| &nbsp;&nbsp;&nbsp; L2441172, 5.520%, 2/03/2027 †x◊ | Upstart | 6/29/2022 | 1779 | 1761 | 1743 |
| &nbsp;&nbsp;&nbsp; L2502740, 6.480%, 1/28/2027 †x#◊ | Upstart | 6/29/2022 | 2266 | 2242 | 2221 |
| &nbsp;&nbsp;&nbsp; L2524634, 5.750%, 2/01/2027 †x◊ | Upstart | 6/29/2022 | 4469 | 4424 | 4377 |
| &nbsp;&nbsp;&nbsp; L2569884, 24.840%, 7/09/2027 †x | Upstart | 2/14/2022 | 3763 | 3763 | 3700 |
| &nbsp;&nbsp;&nbsp; L2615325, 17.860%, 2/16/2027 †§x | Upstart | 2/22/2022 | 747 | 747 | 742 |
| &nbsp;&nbsp;&nbsp; L2616106, 19.410%, 2/16/2027 †x# | Upstart | 2/22/2022 | 1298 | 1298 | 143 |
| &nbsp;&nbsp;&nbsp; L2731710, 24.990%, 3/08/2027 †§x | Upstart | 3/11/2022 | 436 | 436 | 430 |
| &nbsp;&nbsp;&nbsp; L2775641, 12.610%, 9/16/2027 †x# | Upstart | 3/21/2022 | 4433 | 4433 | 4332 |
| &nbsp;&nbsp;&nbsp; L2776140, 14.330%, 3/16/2027 †§x | Upstart | 3/21/2022 | 930 | 930 | 916 |
| &nbsp;&nbsp;&nbsp; L2809448, 16.350%, 3/22/2027 †§x | Upstart | 3/25/2022 | 1759 | 1759 | 1738 |
| &nbsp;&nbsp;&nbsp; L2859952, 22.310%, 4/01/2027 †§x | Upstart | 4/06/2022 | 581 | 581 | 571 |
| &nbsp;&nbsp;&nbsp; L2861859, 22.620%, 4/01/2027 †§x | Upstart | 4/06/2022 | 3711 | 3711 | 3661 |
| &nbsp;&nbsp;&nbsp; L2875217, 9.850%, 9/05/2027 †x | Upstart | 4/08/2022 | 2422 | 2422 | 2371 |
| &nbsp;&nbsp;&nbsp; L2876450, 25.450%, 4/05/2027 †§x | Upstart | 4/08/2022 | 479 | 479 | 472 |
| &nbsp;&nbsp;&nbsp; L2879840, 8.670%, 4/06/2027 †§x# | Upstart | 4/11/2022 | 4081 | 4081 | 4005 |
| &nbsp;&nbsp;&nbsp; L2917661, 17.700%, 9/13/2027 †x# | Upstart | 4/18/2022 | 13537 | 13537 | 2119 |
| &nbsp;&nbsp;&nbsp; L3009335, 15.270%, 10/02/2027 †x | Upstart | 5/05/2022 | 2527 | 2527 | 2465 |
| &nbsp;&nbsp;&nbsp; L3010255, 17.420%, 5/02/2027 †x◊ | Upstart | 5/05/2022 | 2291 | 2291 | 2272 |
| &nbsp;&nbsp;&nbsp; L3012709, 11.840%, 5/02/2027 †x◊ | Upstart | 5/05/2022 | 691 | 691 | 677 |
| &nbsp;&nbsp;&nbsp; L3013768, 14.900%, 5/02/2027 †x#◊ | Upstart | 5/05/2022 | 718 | 718 | 704 |
| &nbsp;&nbsp;&nbsp; L3015808, 25.510%, 5/17/2027 †x◊ | Upstart | 5/05/2022 | 5736 | 5736 | 5680 |
| &nbsp;&nbsp;&nbsp; L3016042, 23.060%, 5/02/2027 †x◊ | Upstart | 5/05/2022 | 3960 | 3960 | 3910 |
| &nbsp;&nbsp;&nbsp; L3016429, 12.750%, 10/02/2027 †x# | Upstart | 5/05/2022 | 6934 | 6934 | 6748 |
| &nbsp;&nbsp;&nbsp; L3020680, 7.590%, 5/15/2027 †x#◊ | Upstart | 5/06/2022 | 851 | 851 | 841 |
| &nbsp;&nbsp;&nbsp; L3091421, 19.750%, 5/23/2027 †x◊ | Upstart | 5/26/2022 | 543 | 543 | 537 |
| &nbsp;&nbsp;&nbsp; L3095770, 12.970%, 5/19/2027 †x◊ | Upstart | 5/24/2022 | 2354 | 2354 | 2326 |
| &nbsp;&nbsp;&nbsp; L3101452, 10.710%, 5/25/2027 †x#◊ | Upstart | 5/31/2022 | 1201 | 1201 | 1188 |
| &nbsp;&nbsp;&nbsp; L3108530, 25.450%, 10/25/2027 †x# | Upstart | 5/31/2022 | 10276 | 10276 | 10395 |
| &nbsp;&nbsp;&nbsp; L3109652, 25.140%, 5/25/2027 †x◊ | Upstart | 5/31/2022 | 681 | 681 | 685 |
| &nbsp;&nbsp;&nbsp; L3111585, 25.080%, 10/28/2027 †x# | Upstart | 5/31/2022 | 1606 | 1606 | 1622 |
| &nbsp;&nbsp;&nbsp; L3111860, 13.050%, 5/24/2027 †x◊ | Upstart | 5/27/2022 | 786 | 786 | 778 |
| &nbsp;&nbsp;&nbsp; L3112264, 20.020%, 5/24/2027 †x#◊ | Upstart | 5/27/2022 | 275 | 275 | 275 |
| &nbsp;&nbsp;&nbsp; L3116407, 25.010%, 5/25/2027 †x◊ | Upstart | 5/31/2022 | 1817 | 1817 | 1817 |
| &nbsp;&nbsp;&nbsp; L3118639, 21.190%, 5/25/2027 †x#◊ | Upstart | 5/31/2022 | 7580 | 7580 | 7641 |
| &nbsp;&nbsp;&nbsp; L3119832, 24.980%, 5/26/2027 †x◊ | Upstart | 6/01/2022 | 1510 | 1510 | 1523 |
| &nbsp;&nbsp;&nbsp; L3133445, 18.500%, 6/13/2027 †x◊ | Upstart | 6/16/2022 | 1991 | 1991 | 1993 |
| &nbsp;&nbsp;&nbsp; L3147029, 25.240%, 6/02/2027 †x◊ | Upstart | 6/07/2022 | 2176 | 2176 | 2159 |
| &nbsp;&nbsp;&nbsp; L3150364, 25.500%, 6/03/2027 †x◊ | Upstart | 6/08/2022 | 12252 | 12252 | 12249 |
| &nbsp;&nbsp;&nbsp; L3155496, 12.770%, 6/03/2027 †x◊ | Upstart | 6/08/2022 | 3305 | 3305 | 3257 |
| &nbsp;&nbsp;&nbsp; L3170864, 9.480%, 6/07/2027 †x◊ | Upstart | 6/10/2022 | 1101 | 1101 | 1084 |
| &nbsp;&nbsp;&nbsp; L3171520, 11.350%, 6/08/2027 †x◊ | Upstart | 6/13/2022 | 1622 | 1622 | 1597 |
| &nbsp;&nbsp;&nbsp; L3174236, 12.020%, 6/08/2027 †x◊ | Upstart | 6/13/2022 | 3280 | 3280 | 3233 |
| &nbsp;&nbsp;&nbsp; L3174321, 16.110%, 6/09/2027 †x◊ | Upstart | 6/14/2022 | 2994 | 2994 | 2959 |
| &nbsp;&nbsp;&nbsp; L3175269, 17.030%, 6/15/2027 †x◊ | Upstart | 6/21/2022 | 8867 | 8867 | 8879 |
| &nbsp;&nbsp;&nbsp; L3178033, 9.260%, 6/09/2027 †x◊ | Upstart | 6/14/2022 | 99 | 99 | 98 |
| &nbsp;&nbsp;&nbsp; L3178485, 14.910%, 4/10/2028 †x# | Upstart | 6/15/2022 | 4162 | 4162 | 4085 |
| &nbsp;&nbsp;&nbsp; L3183740, 23.360%, 6/10/2027 †x#◊ | Upstart | 6/15/2022 | 929 | 929 | 918 |
| &nbsp;&nbsp;&nbsp; L3184330, 11.730%, 6/10/2027 †x◊ | Upstart | 6/15/2022 | 816 | 816 | 804 |
| &nbsp;&nbsp;&nbsp; L3194672, 18.460%, 6/20/2027 †x# | Upstart | 6/16/2022 | 2087 | 2087 | 327 |
| &nbsp;&nbsp;&nbsp; L3197432, 24.140%, 11/13/2027 †x# | Upstart | 6/16/2022 | 7371 | 7371 | 7407 |
| &nbsp;&nbsp;&nbsp; L3198092, 9.840%, 6/13/2027 †x#◊ | Upstart | 6/16/2022 | 2379 | 2379 | 2344 |
| &nbsp;&nbsp;&nbsp; L3201998, 15.000%, 6/15/2027 †x#◊ | Upstart | 6/21/2022 | 1866 | 1866 | 1845 |
| &nbsp;&nbsp;&nbsp; L3204442, 24.370%, 6/15/2027 †x◊ | Upstart | 6/21/2022 | 710 | 710 | 713 |
| &nbsp;&nbsp;&nbsp; L3220296, 22.950%, 6/27/2027 †x◊ | Upstart | 7/01/2022 | 1543 | 1543 | 1542 |
| &nbsp;&nbsp;&nbsp; L3233594, 12.250%, 6/27/2027 †x◊ | Upstart | 7/01/2022 | 135 | 135 | 135 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6259** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 0.05% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; L3241410, 10.640%, 6/27/2027 †x◊ | Upstart | 7/01/2022 | $3557 | $3557 | $3508 |
| &nbsp;&nbsp;&nbsp; L3241476, 9.320%, 6/27/2027 †x◊ | Upstart | 7/01/2022 | 942 | 942 | 928 |
| &nbsp;&nbsp;&nbsp; L3241855, 12.870%, 6/27/2027 †x◊ | Upstart | 7/01/2022 | 2192 | 2192 | 2166 |
| &nbsp;&nbsp;&nbsp; L3241981, 13.560%, 6/27/2027 †x◊ | Upstart | 7/01/2022 | 2158 | 2158 | 2133 |
| &nbsp;&nbsp;&nbsp; L3249854, 24.220%, 7/07/2027 †x◊ | Upstart | 7/12/2022 | 1863 | 1863 | 1852 |
| &nbsp;&nbsp;&nbsp; L3251059, 13.570%, 7/12/2027 †x◊ | Upstart | 7/15/2022 | 1066 | 1066 | 1066 |
| &nbsp;&nbsp;&nbsp; L3251965, 16.800%, 7/08/2027 †x◊ | Upstart | 7/13/2022 | 2905 | 2909 | 2945 |
| &nbsp;&nbsp;&nbsp; L3252521, 9.340%, 7/07/2027 †x◊ | Upstart | 7/12/2022 | 4008 | 4008 | 3946 |
| &nbsp;&nbsp;&nbsp; L3253223, 8.340%, 7/12/2027 †x◊ | Upstart | 7/15/2022 | 3269 | 3269 | 3264 |
| &nbsp;&nbsp;&nbsp; L3254716, 22.780%, 7/08/2027 †x◊ | Upstart | 7/13/2022 | 2437 | 2437 | 2451 |
| &nbsp;&nbsp;&nbsp; L3254959, 22.730%, 7/11/2027 †x◊ | Upstart | 7/14/2022 | 1006 | 1006 | 1018 |
| &nbsp;&nbsp;&nbsp; L3255566, 13.310%, 7/08/2027 †x# | Upstart | 7/13/2022 | 9306 | 9306 | 1520 |
| &nbsp;&nbsp;&nbsp; L3258595, 23.080%, 12/12/2027 †x# | Upstart | 7/15/2022 | 14082 | 14099 | 13596 |
| &nbsp;&nbsp;&nbsp; L3259081, 18.010%, 7/11/2027 †x◊ | Upstart | 7/14/2022 | 1973 | 1973 | 1971 |
| &nbsp;&nbsp;&nbsp; L3262374, 16.190%, 12/12/2027 †x | Upstart | 7/15/2022 | 4861 | 4861 | 4856 |
| &nbsp;&nbsp;&nbsp; L3263173, 12.440%, 7/12/2027 †x◊ | Upstart | 7/15/2022 | 1046 | 1046 | 1044 |
| &nbsp;&nbsp;&nbsp; L3263444, 24.240%, 7/12/2027 †x◊ | Upstart | 7/15/2022 | 4484 | 4484 | 4516 |
| &nbsp;&nbsp;&nbsp; L3263834, 24.110%, 12/13/2027 †x# | Upstart | 7/18/2022 | 4391 | 4391 | 4465 |
| &nbsp;&nbsp;&nbsp; L3264313, 18.900%, 12/15/2027 †x | Upstart | 7/18/2022 | 18382 | 18382 | 18366 |
| &nbsp;&nbsp;&nbsp; L3264680, 14.070%, 7/13/2027 †x◊ | Upstart | 7/18/2022 | 2412 | 2412 | 2411 |
| &nbsp;&nbsp;&nbsp; L3265895, 21.740%, 7/14/2027 †x◊ | Upstart | 7/19/2022 | 1172 | 1172 | 1183 |
| &nbsp;&nbsp;&nbsp; L3268693, 14.960%, 7/14/2027 †x◊ | Upstart | 7/19/2022 | 726 | 726 | 725 |
| &nbsp;&nbsp;&nbsp; L3268703, 11.710%, 7/14/2027 †x◊ | Upstart | 7/19/2022 | 2074 | 2074 | 2071 |
| &nbsp;&nbsp;&nbsp; L3270910, 15.970%, 7/15/2027 †x#◊ | Upstart | 7/20/2022 | 1457 | 1457 | 1454 |
| &nbsp;&nbsp;&nbsp; L3271710, 22.560%, 7/18/2027 †x◊ | Upstart | 7/21/2022 | 1538 | 1538 | 1555 |
| &nbsp;&nbsp;&nbsp; L3274673, 21.650%, 7/18/2027 †x◊ | Upstart | 7/21/2022 | 481 | 481 | 489 |
| &nbsp;&nbsp;&nbsp; L3275746, 21.940%, 7/18/2027 †x◊ | Upstart | 7/21/2022 | 2608 | 2608 | 2652 |
| &nbsp;&nbsp;&nbsp; L3283041, 11.160%, 7/21/2027 †x◊ | Upstart | 7/26/2022 | 3424 | 3424 | 3422 |
| &nbsp;&nbsp;&nbsp; L3290023, 10.160%, 7/22/2027 †x◊ | Upstart | 7/27/2022 | 2459 | 2459 | 2456 |
| &nbsp;&nbsp;&nbsp; L3348044, 17.960%, 8/16/2027 †§x# | Upstart | 8/19/2022 | 878 | 860 | 877 |
| &nbsp;&nbsp;&nbsp; L3348977, 19.250%, 8/16/2027 †§x | Upstart | 8/19/2022 | 1825 | 1803 | 1825 |
| &nbsp;&nbsp;&nbsp; L3349395, 24.340%, 8/16/2027 †§x# | Upstart | 8/19/2022 | 5464 | 5394 | 5523 |
| &nbsp;&nbsp;&nbsp; L3418488, 13.890%, 9/16/2027 †§x | Upstart | 9/21/2022 | 1378 | 1362 | 1378 |
| &nbsp;&nbsp;&nbsp; L3462651, 16.110%, 10/03/2027 †x# | Upstart | 10/06/2022 | 2771 | 2687 | 856 |
| &nbsp;&nbsp;&nbsp; L3464460, 21.120%, 10/03/2027 †§x | Upstart | 10/06/2022 | 1590 | 1568 | 1611 |
| &nbsp;&nbsp;&nbsp; L3466637, 20.360%, 10/04/2027 †§x# | Upstart | 10/07/2022 | 1257 | 1244 | 1273 |
| &nbsp;&nbsp;&nbsp; L3467464, 18.110%, 10/04/2027 †§x | Upstart | 10/07/2022 | 2822 | 2786 | 2815 |
| &nbsp;&nbsp;&nbsp; L3470659, 21.080%, 8/05/2028 †x | Upstart | 10/11/2022 | 5734 | 5562 | 5821 |
| &nbsp;&nbsp;&nbsp; L3471104, 22.570%, 10/06/2027 †§x# | Upstart | 10/12/2022 | 314 | 311 | 315 |
| &nbsp;&nbsp;&nbsp; L3472249, 24.010%, 10/06/2027 †§x | Upstart | 10/12/2022 | 5746 | 5666 | 5793 |
| &nbsp;&nbsp;&nbsp; L3472334, 19.420%, 10/06/2027 †§x | Upstart | 10/12/2022 | 1191 | 1166 | 1208 |
| &nbsp;&nbsp;&nbsp; L3474983, 24.130%, 10/07/2027 †§x | Upstart | 10/13/2022 | 707 | 697 | 713 |
| &nbsp;&nbsp;&nbsp; L3582962, 22.890%, 4/25/2028 †x# | Upstart | 11/30/2022 | 6327 | 6232 | 6483 |
| &nbsp;&nbsp;&nbsp; L3583017, 24.330%, 11/25/2027 †§x# | Upstart | 11/30/2022 | 1088 | 1071 | 1102 |
| &nbsp;&nbsp;&nbsp; L3583820, 21.530%, 12/09/2027 †§x | Upstart | 11/30/2022 | 3307 | 3259 | 3370 |
| &nbsp;&nbsp;&nbsp; L3584158, 18.150%, 11/25/2027 †§x | Upstart | 11/30/2022 | 455 | 449 | 456 |
| &nbsp;&nbsp;&nbsp; L3585015, 13.740%, 12/04/2027 †§x# | Upstart | 12/01/2022 | 10628 | 10490 | 10584 |
| &nbsp;&nbsp;&nbsp; L3590278, 18.960%, 12/01/2027 †§x | Upstart | 12/02/2022 | 2443 | 2378 | 1402 |
| &nbsp;&nbsp;&nbsp; L3590920, 20.530%, 12/01/2027 †§x | Upstart | 12/02/2022 | 1969 | 1941 | 1994 |
| &nbsp;&nbsp;&nbsp; L3591876, 19.100%, 5/01/2028 †x | Upstart | 12/02/2022 | 1690 | 1661 | 1714 |
| &nbsp;&nbsp;&nbsp; L3591899, 17.980%, 12/01/2027 †§x | Upstart | 12/02/2022 | 4445 | 4383 | 4425 |
| &nbsp;&nbsp;&nbsp; L3592870, 24.200%, 12/01/2027 †§x | Upstart | 12/05/2022 | 1290 | 1270 | 1300 |
| &nbsp;&nbsp;&nbsp; L3642207, 20.520%, 1/01/2028 †§x# | Upstart | 1/04/2023 | 3580 | 3527 | 3610 |
| &nbsp;&nbsp;&nbsp; L3642482, 16.640%, 1/01/2028 †§x | Upstart | 1/05/2023 | 4114 | 4056 | 4096 |
| &nbsp;&nbsp;&nbsp; L3644897, 24.110%, 1/20/2028 †x◊ | Upstart | 1/25/2023 | 1034 | 1021 | 1047 |
| &nbsp;&nbsp;&nbsp; L3645361, 15.780%, 1/03/2028 †§x | Upstart | 1/06/2023 | 9548 | 9414 | 9509 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6260** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 0.05% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; L3645610, 15.590%, 1/03/2028 †§x | Upstart | 1/06/2023 | $1427 | $1407 | $1421 |
| &nbsp;&nbsp;&nbsp; L3645676, 12.860%, 1/03/2028 †§x | Upstart | 1/06/2023 | 3866 | 3813 | 3865 |
| &nbsp;&nbsp;&nbsp; L3649070, 22.350%, 1/13/2028 †x◊ | Upstart | 1/19/2023 | 2905 | 2867 | 2948 |
| &nbsp;&nbsp;&nbsp; L3656096, 21.050%, 1/13/2028 †x◊ | Upstart | 1/19/2023 | 5858 | 5794 | 5838 |
| &nbsp;&nbsp;&nbsp; L3657329, 17.790%, 1/17/2028 †x◊ | Upstart | 1/20/2023 | 2296 | 2268 | 2293 |
| &nbsp;&nbsp;&nbsp; L3658289, 22.840%, 1/17/2028 †x◊ | Upstart | 1/20/2023 | 1966 | 1941 | 1997 |
| &nbsp;&nbsp;&nbsp; L3660446, 24.130%, 1/19/2028 †x◊ | Upstart | 1/25/2023 | 1264 | 1247 | 1302 |
| &nbsp;&nbsp;&nbsp; L3660780, 15.200%, 1/20/2028 †x◊ | Upstart | 1/25/2023 | 2844 | 2811 | 2843 |
| &nbsp;&nbsp;&nbsp; L3661231, 23.560%, 1/19/2028 †x◊ | Upstart | 1/25/2023 | 4339 | 4289 | 4408 |
| &nbsp;&nbsp;&nbsp; L3661429, 14.080%, 1/19/2028 †x◊ | Upstart | 1/25/2023 | 2331 | 2307 | 2329 |
| &nbsp;&nbsp;&nbsp; L3663703, 18.340%, 1/23/2028 †x◊ | Upstart | 1/26/2023 | 1971 | 1946 | 1970 |
| &nbsp;&nbsp;&nbsp; L3663924, 14.870%, 1/23/2028 †x◊ | Upstart | 1/26/2023 | 27 | 26 | 27 |
| &nbsp;&nbsp;&nbsp; L3664886, 23.230%, 1/23/2028 †x◊ | Upstart | 1/26/2023 | 4742 | 4680 | 4863 |
| &nbsp;&nbsp;&nbsp; L3665874, 23.190%, 1/24/2028 †x#◊ | Upstart | 1/27/2023 | 3268 | 3224 | 3329 |
| &nbsp;&nbsp;&nbsp; L3666757, 18.850%, 1/25/2028 †x◊ | Upstart | 1/30/2023 | 2696 | 2662 | 2751 |
| &nbsp;&nbsp;&nbsp; L3694545, 15.250%, 2/24/2028 †x◊ | Upstart | 3/01/2023 | 24577 | 24272 | 24610 |
| &nbsp;&nbsp;&nbsp; L3699197, 14.950%, 2/27/2028 †x◊ | Upstart | 3/02/2023 | 2418 | 2388 | 2423 |
| &nbsp;&nbsp;&nbsp; L3699394, 23.840%, 2/27/2028 †x# | Upstart | 3/02/2023 | 1123 | 1095 | 133 |
| &nbsp;&nbsp;&nbsp; L3699803, 24.100%, 2/27/2028 †x◊ | Upstart | 3/02/2023 | 1100 | 1084 | 1124 |
| &nbsp;&nbsp;&nbsp; L3700828, 11.440%, 2/27/2028 †x◊ | Upstart | 3/02/2023 | 6328 | 6253 | 6343 |
| &nbsp;&nbsp;&nbsp; L3704363, 17.760%, 8/02/2028 †x | Upstart | 3/07/2023 | 27977 | 27576 | 27940 |
| &nbsp;&nbsp;&nbsp; L3705517, 16.100%, 1/02/2029 †x# | Upstart | 3/07/2023 | 3817 | 3746 | 3818 |
| &nbsp;&nbsp;&nbsp; L3710154, 11.670%, 3/06/2028 †x◊ | Upstart | 3/09/2023 | 4885 | 4828 | 4891 |
| &nbsp;&nbsp;&nbsp; L3711849, 20.500%, 3/08/2028 †x◊ | Upstart | 3/13/2023 | 3403 | 3365 | 3453 |
| &nbsp;&nbsp;&nbsp; L3713144, 21.060%, 1/08/2027 †x# | Upstart | 3/13/2023 | 7346 | 7213 | 7345 |
| &nbsp;&nbsp;&nbsp; L3714756, 20.010%, 3/09/2028 †x◊ | Upstart | 3/14/2023 | 2443 | 2411 | 2482 |
| &nbsp;&nbsp;&nbsp; L3716646, 19.740%, 3/09/2028 †x◊ | Upstart | 3/14/2023 | 5381 | 5311 | 5466 |
| &nbsp;&nbsp;&nbsp; L3716842, 24.060%, 3/12/2028 †x◊ | Upstart | 3/15/2023 | 901 | 888 | 912 |
| &nbsp;&nbsp;&nbsp; L3717969, 23.340%, 8/10/2028 †x# | Upstart | 3/15/2023 | 2058 | 2025 | 2098 |
| &nbsp;&nbsp;&nbsp; L3718018, 17.500%, 3/10/2028 †x◊ | Upstart | 3/15/2023 | 3544 | 3499 | 3550 |
| &nbsp;&nbsp;&nbsp; L3718114, 15.890%, 3/10/2028 †x◊ | Upstart | 3/15/2023 | 2177 | 2149 | 2180 |
| &nbsp;&nbsp;&nbsp; L3735443, 15.600%, 3/24/2028 †x◊ | Upstart | 3/29/2023 | 3110 | 3070 | 3120 |
| &nbsp;&nbsp;&nbsp; L3751746, 13.820%, 4/13/2028 †§x | Upstart | 4/18/2023 | 2125 | 2125 | 2131 |
| &nbsp;&nbsp;&nbsp; L3752574, 18.030%, 4/15/2028 †§x | Upstart | 4/18/2023 | 4740 | 4740 | 4824 |
| &nbsp;&nbsp;&nbsp; L3754863, 14.350%, 4/17/2026 †§x | Upstart | 4/20/2023 | 883 | 883 | 882 |
| &nbsp;&nbsp;&nbsp; L3755424, 10.980%, 2/17/2029 †x | Upstart | 4/20/2023 | 2542 | 2542 | 2551 |
| &nbsp;&nbsp;&nbsp; L3755846, 12.760%, 4/17/2028 †§x | Upstart | 4/20/2023 | 2578 | 2578 | 2449 |
| &nbsp;&nbsp;&nbsp; L3755948, 20.110%, 9/17/2028 †x | Upstart | 4/20/2023 | 4889 | 4889 | 4984 |
| &nbsp;&nbsp;&nbsp; L3756521, 23.620%, 4/19/2028 †§x | Upstart | 4/24/2023 | 1076 | 1076 | 1041 |
| &nbsp;&nbsp;&nbsp; L3757584, 11.990%, 4/18/2028 †§x | Upstart | 4/21/2023 | 4136 | 4136 | 3929 |
| &nbsp;&nbsp;&nbsp; L3760113, 19.900%, 4/20/2026 †§x# | Upstart | 4/25/2023 | 89 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; L3778614, 21.370%, 5/10/2028 †§x | Upstart | 5/15/2023 | 718 | 714 | 722 |
| &nbsp;&nbsp;&nbsp; L3780162, 18.010%, 5/22/2028 †§x | Upstart | 5/11/2023 | 3301 | 3283 | 3346 |
| &nbsp;&nbsp;&nbsp; L3780224, 23.040%, 5/08/2028 †§x | Upstart | 5/11/2023 | 826 | 818 | 830 |
| &nbsp;&nbsp;&nbsp; L3780529, 23.270%, 5/08/2028 †§x | Upstart | 5/11/2023 | 3615 | 3594 | 3662 |
| &nbsp;&nbsp;&nbsp; L3781162, 15.940%, 5/08/2028 †§x | Upstart | 5/11/2023 | 1154 | 1148 | 1150 |
| &nbsp;&nbsp;&nbsp; L3781786, 13.630%, 5/15/2028 †§x | Upstart | 5/11/2023 | 4268 | 4246 | 4272 |
| &nbsp;&nbsp;&nbsp; L3782020, 23.190%, 5/08/2028 †§x | Upstart | 5/11/2023 | 2972 | 2957 | 2988 |
| &nbsp;&nbsp;&nbsp; L3782178, 20.030%, 5/15/2028 †§x# | Upstart | 5/12/2023 | 3715 | 3695 | 3702 |
| &nbsp;&nbsp;&nbsp; L3782407, 22.050%, 5/08/2028 †§x | Upstart | 5/11/2023 | 2696 | 2681 | 2710 |
| &nbsp;&nbsp;&nbsp; L3782532, 18.690%, 5/08/2028 †§x | Upstart | 5/11/2023 | 1414 | 1407 | 1433 |
| &nbsp;&nbsp;&nbsp; L3783222, 23.210%, 5/09/2028 †§x# | Upstart | 5/12/2023 | 1684 | 1676 | 1691 |
| &nbsp;&nbsp;&nbsp; L3784751, 20.860%, 5/10/2028 †§x | Upstart | 5/15/2023 | 8299 | 8232 | 8409 |
| &nbsp;&nbsp;&nbsp; L3785556, 23.280%, 5/10/2028 †§x | Upstart | 5/15/2023 | 8475 | 8426 | 8592 |
| &nbsp;&nbsp;&nbsp; L3785575, 23.210%, 5/10/2028 †§x | Upstart | 5/15/2023 | 1660 | 1651 | 1654 |
| &nbsp;&nbsp;&nbsp; L3786700, 19.440%, 10/11/2028 †x# | Upstart | 5/16/2023 | 1849 | 1831 | 1875 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6261** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 0.05% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; L3786788, 22.820%, 5/11/2028 †x# | Upstart | 5/16/2023 | $725 | $718 | $218 |
| &nbsp;&nbsp;&nbsp; L3786846, 18.900%, 5/11/2026 †§x | Upstart | 5/16/2023 | 48 | 48 | 48 |
| &nbsp;&nbsp;&nbsp; L3786907, 14.600%, 5/11/2026 †§x | Upstart | 5/16/2023 | 102 | 101 | 101 |
| &nbsp;&nbsp;&nbsp; L3787220, 20.650%, 5/11/2028 †§x | Upstart | 5/16/2023 | 1007 | 1001 | 1008 |
| &nbsp;&nbsp;&nbsp; L3787456, 15.130%, 5/12/2026 †§x | Upstart | 5/17/2023 | 1084 | 1084 | 1080 |
| &nbsp;&nbsp;&nbsp; L3787500, 21.390%, 5/11/2028 †§x# | Upstart | 5/16/2023 | 2739 | 2724 | 2750 |
| &nbsp;&nbsp;&nbsp; L3788573, 20.410%, 10/12/2028 †x | Upstart | 5/17/2023 | 6227 | 6182 | 6321 |
| &nbsp;&nbsp;&nbsp; L3788887, 15.840%, 5/12/2028 †§x | Upstart | 5/17/2023 | 4329 | 4306 | 4318 |
| &nbsp;&nbsp;&nbsp; L3789272, 23.180%, 5/25/2028 †x# | Upstart | 5/19/2023 | 13017 | 12887 | 2719 |
| &nbsp;&nbsp;&nbsp; L3790631, 19.940%, 5/15/2028 †§x | Upstart | 5/18/2023 | 2881 | 2865 | 2926 |
| &nbsp;&nbsp;&nbsp; L3791656, 15.090%, 5/15/2026 †§x | Upstart | 5/18/2023 | 123 | 123 | 122 |
| &nbsp;&nbsp;&nbsp; L3791871, 20.440%, 5/15/2028 †§x | Upstart | 5/18/2023 | 896 | 891 | 895 |
| &nbsp;&nbsp;&nbsp; L3792251, 17.860%, 5/15/2028 †§x# | Upstart | 5/18/2023 | 1282 | 1275 | 1303 |
| &nbsp;&nbsp;&nbsp; L3792348, 17.510%, 5/15/2028 †§x | Upstart | 5/18/2023 | 4039 | 4018 | 4031 |
| &nbsp;&nbsp;&nbsp; L3792396, 11.850%, 5/15/2028 †§x | Upstart | 5/18/2023 | 2950 | 2935 | 2956 |
| &nbsp;&nbsp;&nbsp; L3794202, 16.250%, 10/17/2028 †x# | Upstart | 5/22/2023 | 7158 | 7086 | 2041 |
| &nbsp;&nbsp;&nbsp; L3794942, 15.980%, 5/17/2028 †§x | Upstart | 5/22/2023 | 2336 | 2324 | 2332 |
| &nbsp;&nbsp;&nbsp; L3795842, 23.190%, 5/18/2028 †§x | Upstart | 5/23/2023 | 8771 | 8721 | 8848 |
| &nbsp;&nbsp;&nbsp; L3795875, 16.400%, 5/18/2028 †§x | Upstart | 5/23/2023 | 5021 | 4994 | 5013 |
| &nbsp;&nbsp;&nbsp; L3805342, 21.720%, 3/24/2029 †x | Upstart | 5/30/2023 | 16396 | 16232 | 16590 |
| &nbsp;&nbsp;&nbsp; L3855407, 19.700%, 6/26/2028 †x◊ | Upstart | 6/29/2023 | 1764 | 1754 | 1799 |
| &nbsp;&nbsp;&nbsp; L3855792, 23.060%, 6/26/2028 †x◊ | Upstart | 6/29/2023 | 868 | 863 | 886 |
| &nbsp;&nbsp;&nbsp; L3857694, 23.280%, 6/27/2028 †x◊ | Upstart | 6/30/2023 | 1518 | 1509 | 1533 |
| &nbsp;&nbsp;&nbsp; L3858497, 12.910%, 6/27/2028 †x◊ | Upstart | 6/30/2023 | 11831 | 11767 | 11856 |
| &nbsp;&nbsp;&nbsp; L3859015, 18.970%, 11/27/2028 †x | Upstart | 6/30/2023 | 1621 | 1609 | 1637 |
| &nbsp;&nbsp;&nbsp; L3868121, 22.860%, 7/06/2028 †§x | Upstart | 7/11/2023 | 6102 | 6046 | 6139 |
| &nbsp;&nbsp;&nbsp; L3869314, 17.470%, 7/05/2028 †§x | Upstart | 7/10/2023 | 1768 | 1752 | 1760 |
| &nbsp;&nbsp;&nbsp; L3911625, 23.270%, 8/22/2028 †§x | Upstart | 8/25/2023 | 1172 | 1166 | 1189 |
| &nbsp;&nbsp;&nbsp; L3929825, 22.760%, 8/21/2028 †§x | Upstart | 8/24/2023 | 4468 | 4448 | 4518 |
| &nbsp;&nbsp;&nbsp; L3930660, 18.910%, 8/21/2026 †x# | Upstart | 8/24/2023 | 529 | 527 | 67 |
| &nbsp;&nbsp;&nbsp; L3930665, 16.820%, 8/21/2028 †§x | Upstart | 8/24/2023 | 11794 | 11741 | 11779 |
| &nbsp;&nbsp;&nbsp; L3931231, 22.780%, 8/21/2028 †§x | Upstart | 8/24/2023 | 6385 | 6356 | 6493 |
| &nbsp;&nbsp;&nbsp; L3932607, 23.180%, 8/21/2028 †§x | Upstart | 8/24/2023 | 897 | 893 | 912 |
| &nbsp;&nbsp;&nbsp; L3932743, 22.870%, 8/22/2028 †§x | Upstart | 8/25/2023 | 766 | 763 | 775 |
| &nbsp;&nbsp;&nbsp; L3934881, 24.120%, 8/23/2028 †§x# | Upstart | 8/28/2023 | 1991 | 1981 | 2028 |
| &nbsp;&nbsp;&nbsp; L3935461, 20.070%, 8/23/2026 †x# | Upstart | 8/28/2023 | 3952 | 3933 | 923 |
| &nbsp;&nbsp;&nbsp; L3939394, 17.040%, 9/01/2026 †§x | Upstart | 9/01/2023 | 596 | 595 | 593 |
| &nbsp;&nbsp;&nbsp; L3939408, 15.730%, 8/28/2028 †§x | Upstart | 8/31/2023 | 1473 | 1467 | 1466 |
| &nbsp;&nbsp;&nbsp; L3939421, 15.340%, 9/01/2028 †x◊ | Upstart | 9/01/2023 | 706 | 703 | 702 |
| &nbsp;&nbsp;&nbsp; L3940586, 13.200%, 9/01/2028 †§x | Upstart | 9/01/2023 | 1375 | 1369 | 1376 |
| &nbsp;&nbsp;&nbsp; L3942419, 21.390%, 9/01/2028 †§x | Upstart | 9/01/2023 | 973 | 968 | 978 |
| &nbsp;&nbsp;&nbsp; L3944288, 23.280%, 9/01/2028 †§x# | Upstart | 9/01/2023 | 1063 | 1058 | 1069 |
| &nbsp;&nbsp;&nbsp; L3979754, 22.340%, 9/26/2028 †§x | Upstart | 9/29/2023 | 9762 | 9718 | 9892 |
| &nbsp;&nbsp;&nbsp; L534712, 22.450%, 2/01/2025 †x#^ | Upstart | 2/05/2020 | 189 | 189 | 30 |
| &nbsp;&nbsp;&nbsp; L761051, 23.830%, 11/10/2025 †x#^ | Upstart | 11/16/2020 | 5950 | 5950 | 931 |
| **Total Student Loans** |  |  |  | **802116** | **744642** |
| **Total Whole Loans** |  |  |  | **1581795114** | **1352490983** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6262** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **Other Loan Investments - 25.19%** |  |  |  |  |  |
| **Loan Participations - 14.59%** |  |  |  |  |  |
| **Consumer Loans - 7.01%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 7.01%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00102164, 18.000%, 9/18/2023 †x#^ | LendingPoint | 4/10/2019 | $823 | $85 | $78 |
| &nbsp;&nbsp;&nbsp; LAI-00103484, 13.140%, 7/10/2026 †x | LendingPoint | 4/16/2019 | 572 | 572 | 571 |
| &nbsp;&nbsp;&nbsp; LAI-00106909, 0.000%, 10/01/2023 †x^ | LendingPoint | 5/01/2019 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00108407, 27.130%, 4/17/2029 †x | LendingPoint | 5/08/2019 | 14296 | 13982 | 7541 |
| &nbsp;&nbsp;&nbsp; LAI-00117439, 13.140%, 1/28/2026 †x#^ | LendingPoint | 6/18/2019 | 1180 | 1183 | 111 |
| &nbsp;&nbsp;&nbsp; LAI-00117965, 12.140%, 9/01/2030 †x# | LendingPoint | 6/19/2019 | 2565 | 2638 | 2254 |
| &nbsp;&nbsp;&nbsp; LAI-00121820, 21.130%, 1/18/2027 †x# | LendingPoint | 7/03/2019 | 3792 | 3781 | 3772 |
| &nbsp;&nbsp;&nbsp; LAI-00123033, 0.000%, 10/19/2023 †x^ | LendingPoint | 7/11/2019 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00123537, 14.990%, 8/30/2030 †x# | LendingPoint | 7/12/2019 | 6287 | 6287 | 6052 |
| &nbsp;&nbsp;&nbsp; LAI-00124099, 14.990%, 12/25/2026 †x# | LendingPoint | 7/15/2019 | 498 | 498 |  |
| &nbsp;&nbsp;&nbsp; LAI-00124188, 0.000%, 9/25/2023 †x^ | LendingPoint | 7/15/2019 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00124467, 12.140%, 12/28/2026 †x | LendingPoint | 7/17/2019 | 4154 | 4159 | 4155 |
| &nbsp;&nbsp;&nbsp; LAI-00124499, 0.000%, 9/26/2023 †x^ | LendingPoint | 7/17/2019 | 1 | 1 |  |
| &nbsp;&nbsp;&nbsp; LAI-00124634, 0.000%, 9/25/2023 †x^ | LendingPoint | 7/17/2019 | 230 | 230 | 230 |
| &nbsp;&nbsp;&nbsp; LAI-00127535, 10.990%, 11/20/2026 †x | LendingPoint | 7/30/2019 | 2728 | 2711 | 2722 |
| &nbsp;&nbsp;&nbsp; LAI-00128135, 13.170%, 8/09/2023 †x#^ | LendingPoint | 8/01/2019 | 3525 | 3628 | 2506 |
| &nbsp;&nbsp;&nbsp; LAI-00128210, 19.000%, 9/25/2027 †x# | LendingPoint | 7/31/2019 | 3283 | 3378 | 1475 |
| &nbsp;&nbsp;&nbsp; LAI-00128269, 14.990%, 6/21/2027 †x# | LendingPoint | 8/01/2019 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; LAI-00128555, 14.990%, 1/18/2027 †x# | LendingPoint | 8/01/2019 | 2574 | 2574 | 2581 |
| &nbsp;&nbsp;&nbsp; LAI-00128608, 0.000%, 10/12/2023 †x^ | LendingPoint | 8/01/2019 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00135461, 14.990%, 3/20/2026 †x | LendingPoint | 8/26/2019 | 26 | 26 | 26 |
| &nbsp;&nbsp;&nbsp; LAI-00140270, 0.000%, 1/01/2024 †x^ | LendingPoint | 9/16/2019 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00140692, 12.640%, 6/01/2025 †x^ | LendingPoint | 9/17/2019 | 402 | 402 |  |
| &nbsp;&nbsp;&nbsp; LAI-00141282, 12.140%, 9/20/2025 †x#^ | LendingPoint | 9/19/2019 | 689 | 681 |  |
| &nbsp;&nbsp;&nbsp; LAI-00141441, 0.000%, 10/16/2023 †x^ | LendingPoint | 9/19/2019 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00141872, 26.130%, 4/20/2027 †x | LendingPoint | 9/20/2019 | 8189 | 8185 | 8311 |
| &nbsp;&nbsp;&nbsp; LAI-00142203, 19.000%, 3/25/2029 †x# | LendingPoint | 9/23/2019 | 15934 | 15934 | 15529 |
| &nbsp;&nbsp;&nbsp; LAI-00142901, 0.000%, 9/24/2023 †x^ | LendingPoint | 9/25/2019 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00144114, 14.990%, 7/27/2026 †x# | LendingPoint | 9/30/2019 | 455 | 455 | 450 |
| &nbsp;&nbsp;&nbsp; LAI-00150611, 0.000%, 10/25/2023 †x^ | LendingPoint | 10/24/2019 | 52 | 52 | 52 |
| &nbsp;&nbsp;&nbsp; LAI-00151580, 21.130%, 3/04/2028 †x# | LendingPoint | 10/25/2019 | 557 | 556 | 558 |
| &nbsp;&nbsp;&nbsp; LAI-00153466, 14.990%, 11/30/2028 †x# | LendingPoint | 11/01/2019 | 13601 | 13598 | 13245 |
| &nbsp;&nbsp;&nbsp; LAI-00153604, 21.990%, 3/20/2025 †x#^ | LendingPoint | 11/05/2019 | 2164 | 2229 | 204 |
| &nbsp;&nbsp;&nbsp; LAI-00154491, 0.000%, 11/01/2023 †x^ | LendingPoint | 11/06/2019 | 163 | 163 | 163 |
| &nbsp;&nbsp;&nbsp; LAI-00154875, 0.000%, 11/06/2023 †x^ | LendingPoint | 11/07/2019 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00155497, 20.000%, 11/26/2026 †x | LendingPoint | 11/08/2019 | 4709 | 4708 | 2183 |
| &nbsp;&nbsp;&nbsp; LAI-00155853, 0.000%, 12/16/2023 †x^ | LendingPoint | 11/12/2019 | 634 | 634 | 634 |
| &nbsp;&nbsp;&nbsp; LAI-00166378, 14.990%, 9/25/2030 †x | LendingPoint | 1/02/2020 | 20284 | 20284 | 19788 |
| &nbsp;&nbsp;&nbsp; LAI-00168887, 22.880%, 4/13/2024 †x#^ | LendingPoint | 1/08/2020 | 181 | 184 | 17 |
| &nbsp;&nbsp;&nbsp; LAI-00169945, 22.000%, 1/14/2027 †x | LendingPoint | 1/15/2020 | 1311 | 1306 | 1293 |
| &nbsp;&nbsp;&nbsp; LAI-00173654, 0.000%, 9/03/2027 †x | LendingPoint | 1/24/2020 | 16 | 16 | 16 |
| &nbsp;&nbsp;&nbsp; LAI-00696455, 25.730%, 10/06/2027 †x | LendingPoint | 10/13/2022 | 6123 | 6123 | 6043 |
| &nbsp;&nbsp;&nbsp; LAI-00697483, 24.520%, 10/09/2026 †§x | LendingPoint | 10/14/2022 | 1551 | 1551 | 1595 |
| &nbsp;&nbsp;&nbsp; LAI-00697916, 0.000%, 10/10/2027 †x | LendingPoint | 10/14/2022 | 208 | 208 | 208 |
| &nbsp;&nbsp;&nbsp; LAI-00699034, 16.060%, 10/11/2027 †x | LendingPoint | 10/17/2022 | 4248 | 4248 | 4259 |
| &nbsp;&nbsp;&nbsp; LAI-00699035, 29.440%, 12/11/2027 †x# | LendingPoint | 10/17/2022 | 10597 | 10597 | 3224 |
| &nbsp;&nbsp;&nbsp; LAI-00700868, 12.160%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 6293 | 6293 | 6319 |
| &nbsp;&nbsp;&nbsp; LAI-00700869, 28.940%, 10/14/2027 †x# | LendingPoint | 10/20/2022 | 7981 | 7981 | 8083 |
| &nbsp;&nbsp;&nbsp; LAI-00700871, 15.990%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 19539 | 19539 | 19602 |
| &nbsp;&nbsp;&nbsp; LAI-00700895, 22.870%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 1386 | 1386 | 1394 |
| &nbsp;&nbsp;&nbsp; LAI-00700904, 10.930%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 2927 | 2927 | 2940 |
| &nbsp;&nbsp;&nbsp; LAI-00700967, 28.920%, 11/20/2026 †x | LendingPoint | 10/20/2022 | 1190 | 1190 | 1231 |
| &nbsp;&nbsp;&nbsp; LAI-00700976, 25.910%, 1/01/2028 †x# | LendingPoint | 10/20/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00700981, 27.020%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 8805 | 8805 | 8981 |
| &nbsp;&nbsp;&nbsp; LAI-00701027, 27.490%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 3155 | 3155 | 3219 |
| &nbsp;&nbsp;&nbsp; LAI-00701040, 31.380%, 10/14/2027 †x# | LendingPoint | 10/20/2022 | 5203 | 5203 | 5298 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6263** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00701126, 22.490%, 10/14/2026 †§x | LendingPoint | 10/20/2022 | $489 | $489 | $505 |
| &nbsp;&nbsp;&nbsp; LAI-00701131, 25.310%, 4/14/2026 †x | LendingPoint | 10/20/2022 | 106 | 106 | 106 |
| &nbsp;&nbsp;&nbsp; LAI-00701149, 14.790%, 1/14/2027 †x | LendingPoint | 10/20/2022 | 26 | 26 |  |
| &nbsp;&nbsp;&nbsp; LAI-00701187, 28.420%, 10/14/2026 †§x# | LendingPoint | 10/20/2022 | 1236 | 1236 | 1269 |
| &nbsp;&nbsp;&nbsp; LAI-00701215, 14.560%, 7/14/2029 †x# | LendingPoint | 10/20/2022 | 8211 | 8211 | 775 |
| &nbsp;&nbsp;&nbsp; LAI-00701233, 18.790%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 2347 | 2347 | 2353 |
| &nbsp;&nbsp;&nbsp; LAI-00701265, 22.340%, 10/14/2027 †x | LendingPoint | 10/20/2022 | 5684 | 5684 | 5808 |
| &nbsp;&nbsp;&nbsp; LAI-00701286, 25.490%, 10/14/2026 †x | LendingPoint | 10/20/2022 | 3101 | 3101 | 3198 |
| &nbsp;&nbsp;&nbsp; LAI-00701288, 23.590%, 10/14/2026 †§x | LendingPoint | 10/20/2022 | 530 | 530 | 527 |
| &nbsp;&nbsp;&nbsp; LAI-00701292, 26.480%, 9/25/2027 †x | LendingPoint | 10/20/2022 | 6416 | 6416 | 6420 |
| &nbsp;&nbsp;&nbsp; LAI-00701311, 28.420%, 10/15/2026 †§x | LendingPoint | 10/20/2022 | 1361 | 1361 | 1395 |
| &nbsp;&nbsp;&nbsp; LAI-00701314, 27.020%, 10/15/2027 †x | LendingPoint | 10/20/2022 | 2427 | 2427 | 2477 |
| &nbsp;&nbsp;&nbsp; LAI-00701322, 16.410%, 10/15/2027 †x | LendingPoint | 10/20/2022 | 747 | 747 | 742 |
| &nbsp;&nbsp;&nbsp; LAI-00701345, 21.650%, 10/15/2027 †x | LendingPoint | 10/20/2022 | 4785 | 4785 | 4817 |
| &nbsp;&nbsp;&nbsp; LAI-00701362, 26.950%, 10/15/2026 †§x | LendingPoint | 10/20/2022 | 1316 | 1316 | 1358 |
| &nbsp;&nbsp;&nbsp; LAI-00701393, 28.460%, 4/28/2030 †x# | LendingPoint | 10/20/2022 | 11016 | 11016 | 1612 |
| &nbsp;&nbsp;&nbsp; LAI-00701430, 25.990%, 10/15/2026 †§x | LendingPoint | 10/20/2022 | 2953 | 2953 | 3026 |
| &nbsp;&nbsp;&nbsp; LAI-00701431, 13.820%, 10/15/2027 †x# | LendingPoint | 10/20/2022 | 13184 | 13184 | 1245 |
| &nbsp;&nbsp;&nbsp; LAI-00701435, 22.550%, 10/15/2026 †x | LendingPoint | 10/20/2022 | 3930 | 3930 | 3996 |
| &nbsp;&nbsp;&nbsp; LAI-00701495, 15.780%, 10/18/2027 †x# | LendingPoint | 10/20/2022 | 6370 | 6370 | 6355 |
| &nbsp;&nbsp;&nbsp; LAI-00701584, 24.490%, 2/18/2028 †x# | LendingPoint | 10/20/2022 | 14258 | 14258 | 14091 |
| &nbsp;&nbsp;&nbsp; LAI-00701589, 27.430%, 11/25/2026 †x# | LendingPoint | 10/20/2022 | 1053 | 1053 | 1088 |
| &nbsp;&nbsp;&nbsp; LAI-00701637, 28.920%, 10/17/2026 †§x | LendingPoint | 10/20/2022 | 1345 | 1345 | 1389 |
| &nbsp;&nbsp;&nbsp; LAI-00701672, 0.000%, 10/17/2027 †x# | LendingPoint | 10/20/2022 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00701704, 6.000%, 10/17/2027 †x | LendingPoint | 10/20/2022 | 1924 | 1924 | 1928 |
| &nbsp;&nbsp;&nbsp; LAI-00701736, 21.890%, 10/17/2027 †x | LendingPoint | 10/20/2022 | 2527 | 2527 | 2508 |
| &nbsp;&nbsp;&nbsp; LAI-00701757, 12.880%, 10/17/2027 †x | LendingPoint | 10/20/2022 | 4314 | 4314 | 4338 |
| &nbsp;&nbsp;&nbsp; LAI-00701780, 27.230%, 10/17/2026 †§x | LendingPoint | 10/20/2022 | 1340 | 1340 | 1369 |
| &nbsp;&nbsp;&nbsp; LAI-00701827, 15.620%, 10/17/2027 †x | LendingPoint | 10/20/2022 | 3621 | 3621 | 3624 |
| &nbsp;&nbsp;&nbsp; LAI-00701855, 17.580%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 6433 | 6433 | 6423 |
| &nbsp;&nbsp;&nbsp; LAI-00701894, 15.140%, 12/05/2027 †x | LendingPoint | 10/21/2022 | 8285 | 8285 | 8278 |
| &nbsp;&nbsp;&nbsp; LAI-00701937, 16.380%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 2843 | 2843 | 2816 |
| &nbsp;&nbsp;&nbsp; LAI-00701979, 14.620%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 5495 | 5495 | 5516 |
| &nbsp;&nbsp;&nbsp; LAI-00702003, 16.040%, 10/17/2026 †x# | LendingPoint | 10/21/2022 | 765 | 765 | 313 |
| &nbsp;&nbsp;&nbsp; LAI-00702022, 14.140%, 6/17/2028 †x | LendingPoint | 10/21/2022 | 16374 | 16374 | 16126 |
| &nbsp;&nbsp;&nbsp; LAI-00702032, 14.400%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 4152 | 4152 | 4172 |
| &nbsp;&nbsp;&nbsp; LAI-00702045, 12.990%, 10/17/2027 †x# | LendingPoint | 10/21/2022 | 6242 | 6242 | 6370 |
| &nbsp;&nbsp;&nbsp; LAI-00702070, 17.090%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 12210 | 12210 | 12260 |
| &nbsp;&nbsp;&nbsp; LAI-00702090, 14.650%, 7/25/2026 †x# | LendingPoint | 10/21/2022 | 2540 | 2540 | 2561 |
| &nbsp;&nbsp;&nbsp; LAI-00702103, 15.380%, 6/17/2029 †x# | LendingPoint | 10/21/2022 | 13822 | 13822 | 13395 |
| &nbsp;&nbsp;&nbsp; LAI-00702105, 16.000%, 11/25/2027 †x# | LendingPoint | 10/21/2022 | 14139 | 14139 | 2556 |
| &nbsp;&nbsp;&nbsp; LAI-00702206, 16.880%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 3006 | 3006 | 3002 |
| &nbsp;&nbsp;&nbsp; LAI-00702234, 14.120%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 692 | 692 | 687 |
| &nbsp;&nbsp;&nbsp; LAI-00702253, 17.690%, 10/17/2026 †§x | LendingPoint | 10/21/2022 | 937 | 937 | 950 |
| &nbsp;&nbsp;&nbsp; LAI-00702257, 15.380%, 10/17/2027 †x | LendingPoint | 10/21/2022 | 1684 | 1684 | 1673 |
| &nbsp;&nbsp;&nbsp; LAI-00702262, 15.900%, 10/17/2027 †x# | LendingPoint | 10/21/2022 | 1963 | 1963 | 185 |
| &nbsp;&nbsp;&nbsp; LAI-00702276, 14.560%, 10/17/2027 †x# | LendingPoint | 10/21/2022 | 9732 | 9732 | 9566 |
| &nbsp;&nbsp;&nbsp; LAI-00702353, 17.680%, 12/29/2028 †x# | LendingPoint | 10/21/2022 | 18145 | 18145 | 1713 |
| &nbsp;&nbsp;&nbsp; LAI-00702384, 15.770%, 10/17/2026 †§x | LendingPoint | 10/21/2022 | 1117 | 1117 | 1139 |
| &nbsp;&nbsp;&nbsp; LAI-00702465, 13.810%, 4/30/2026 †x# | LendingPoint | 10/21/2022 | 15757 | 15757 | 13583 |
| &nbsp;&nbsp;&nbsp; LAI-00702481, 14.800%, 10/18/2027 †x# | LendingPoint | 10/21/2022 | 11856 | 11856 | 11926 |
| &nbsp;&nbsp;&nbsp; LAI-00702558, 17.560%, 10/18/2027 †x# | LendingPoint | 10/21/2022 | 2557 | 2557 | 2541 |
| &nbsp;&nbsp;&nbsp; LAI-00702583, 15.330%, 10/18/2027 †x# | LendingPoint | 10/21/2022 | 6731 | 6731 | 6869 |
| &nbsp;&nbsp;&nbsp; LAI-00702596, 15.770%, 10/20/2026 †x# | LendingPoint | 10/21/2022 | 2836 | 2836 | 2889 |
| &nbsp;&nbsp;&nbsp; LAI-00702662, 15.780%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 6645 | 6645 | 6640 |
| &nbsp;&nbsp;&nbsp; LAI-00702676, 0.000%, 10/18/2024 †x^ | LendingPoint | 10/24/2022 | 121 | 121 |  |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6264** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00702687, 31.380%, 10/18/2027 †x | LendingPoint | 10/24/2022 | $3765 | $3765 | $3827 |
| &nbsp;&nbsp;&nbsp; LAI-00702702, 30.350%, 10/18/2026 †§x# | LendingPoint | 10/24/2022 | 830 | 830 | 858 |
| &nbsp;&nbsp;&nbsp; LAI-00702748, 28.400%, 10/18/2026 †x# | LendingPoint | 10/24/2022 | 1349 | 1349 | 1406 |
| &nbsp;&nbsp;&nbsp; LAI-00702751, 28.990%, 10/18/2026 †§x# | LendingPoint | 10/24/2022 | 1272 | 1272 | 1315 |
| &nbsp;&nbsp;&nbsp; LAI-00702815, 20.090%, 11/23/2027 †x# | LendingPoint | 10/24/2022 | 9734 | 9734 | 9755 |
| &nbsp;&nbsp;&nbsp; LAI-00702852, 24.080%, 3/05/2026 †x# | LendingPoint | 10/24/2022 | 6255 | 6255 | 590 |
| &nbsp;&nbsp;&nbsp; LAI-00702859, 18.360%, 3/30/2026 †x# | LendingPoint | 10/24/2022 | 5166 | 5166 | 488 |
| &nbsp;&nbsp;&nbsp; LAI-00702889, 29.440%, 10/18/2026 †x# | LendingPoint | 10/24/2022 | 3333 | 3333 | 3433 |
| &nbsp;&nbsp;&nbsp; LAI-00702924, 29.950%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 2156 | 2156 | 2145 |
| &nbsp;&nbsp;&nbsp; LAI-00702953, 24.590%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 3909 | 3909 | 3877 |
| &nbsp;&nbsp;&nbsp; LAI-00702962, 14.330%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 4824 | 4824 | 4797 |
| &nbsp;&nbsp;&nbsp; LAI-00702987, 13.990%, 10/18/2027 †x | LendingPoint | 10/24/2022 | 1456 | 1456 | 1466 |
| &nbsp;&nbsp;&nbsp; LAI-00702989, 27.460%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 9420 | 9420 | 1378 |
| &nbsp;&nbsp;&nbsp; LAI-00703005, 22.130%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 12835 | 12835 | 12879 |
| &nbsp;&nbsp;&nbsp; LAI-00703017, 17.460%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 2901 | 2901 | 2888 |
| &nbsp;&nbsp;&nbsp; LAI-00703033, 21.650%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 14856 | 14856 | 4610 |
| &nbsp;&nbsp;&nbsp; LAI-00703035, 20.850%, 10/18/2026 †x# | LendingPoint | 10/24/2022 | 1571 | 1571 | 677 |
| &nbsp;&nbsp;&nbsp; LAI-00703067, 22.340%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 4970 | 4970 | 5134 |
| &nbsp;&nbsp;&nbsp; LAI-00703077, 9.990%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 2179 | 2179 | 2169 |
| &nbsp;&nbsp;&nbsp; LAI-00703078, 29.450%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 3216 | 3216 | 3285 |
| &nbsp;&nbsp;&nbsp; LAI-00703112, 21.120%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 1683 | 1683 | 1697 |
| &nbsp;&nbsp;&nbsp; LAI-00703120, 12.160%, 10/18/2027 †x | LendingPoint | 10/24/2022 | 2571 | 2571 | 2579 |
| &nbsp;&nbsp;&nbsp; LAI-00703139, 29.460%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 4672 | 4672 | 4781 |
| &nbsp;&nbsp;&nbsp; LAI-00703148, 25.590%, 10/18/2027 †x# | LendingPoint | 10/24/2022 | 3446 | 3446 | 3402 |
| &nbsp;&nbsp;&nbsp; LAI-00703173, 27.430%, 10/18/2026 †§x# | LendingPoint | 10/24/2022 | 138 | 138 |  |
| &nbsp;&nbsp;&nbsp; LAI-00703227, 29.450%, 10/19/2027 †x# | LendingPoint | 10/24/2022 | 2691 | 2691 | 2737 |
| &nbsp;&nbsp;&nbsp; LAI-00703281, 22.550%, 11/30/2026 †x# | LendingPoint | 10/24/2022 | 6976 | 6976 | 6982 |
| &nbsp;&nbsp;&nbsp; LAI-00703284, 24.560%, 10/19/2027 †x# | LendingPoint | 10/24/2022 | 2693 | 2693 | 634 |
| &nbsp;&nbsp;&nbsp; LAI-00703299, 0.000%, 10/19/2024 †x^ | LendingPoint | 10/24/2022 | 6 | 6 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00703301, 25.590%, 10/19/2027 †x | LendingPoint | 10/24/2022 | 4415 | 4415 | 4380 |
| &nbsp;&nbsp;&nbsp; LAI-00703323, 29.950%, 8/30/2029 †x# | LendingPoint | 10/24/2022 | 7790 | 7790 | 1281 |
| &nbsp;&nbsp;&nbsp; LAI-00703332, 17.250%, 2/24/2028 †x# | LendingPoint | 10/24/2022 | 6293 | 6293 | 6264 |
| &nbsp;&nbsp;&nbsp; LAI-00703372, 0.000%, 10/19/2027 †x | LendingPoint | 10/24/2022 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; LAI-00703376, 28.410%, 10/19/2027 †x# | LendingPoint | 10/24/2022 | 7252 | 7252 | 7301 |
| &nbsp;&nbsp;&nbsp; LAI-00703406, 21.790%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 4992 | 4992 | 5116 |
| &nbsp;&nbsp;&nbsp; LAI-00703422, 25.490%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 650 | 650 | 673 |
| &nbsp;&nbsp;&nbsp; LAI-00703425, 29.460%, 1/19/2029 †x# | LendingPoint | 10/25/2022 | 11445 | 11445 | 10849 |
| &nbsp;&nbsp;&nbsp; LAI-00703429, 21.940%, 1/19/2028 †x# | LendingPoint | 10/25/2022 | 15988 | 15988 | 15940 |
| &nbsp;&nbsp;&nbsp; LAI-00703438, 25.990%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 544 | 544 | 562 |
| &nbsp;&nbsp;&nbsp; LAI-00703444, 20.680%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 1912 | 1912 | 1887 |
| &nbsp;&nbsp;&nbsp; LAI-00703450, 16.260%, 10/19/2027 †x | LendingPoint | 10/25/2022 | 11734 | 11734 | 11665 |
| &nbsp;&nbsp;&nbsp; LAI-00703452, 30.410%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 5148 | 5148 | 486 |
| &nbsp;&nbsp;&nbsp; LAI-00703461, 28.460%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 9228 | 9228 | 9440 |
| &nbsp;&nbsp;&nbsp; LAI-00703465, 23.590%, 1/19/2027 †x# | LendingPoint | 10/25/2022 | 1813 | 1813 | 1790 |
| &nbsp;&nbsp;&nbsp; LAI-00703479, 30.380%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 1342 | 1342 | 1383 |
| &nbsp;&nbsp;&nbsp; LAI-00703483, 19.770%, 11/30/2027 †x# | LendingPoint | 10/25/2022 | 8537 | 8537 | 8477 |
| &nbsp;&nbsp;&nbsp; LAI-00703485, 27.460%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 8087 | 8087 | 8275 |
| &nbsp;&nbsp;&nbsp; LAI-00703516, 25.590%, 4/19/2028 †x | LendingPoint | 10/25/2022 | 8686 | 8686 | 8364 |
| &nbsp;&nbsp;&nbsp; LAI-00703530, 21.310%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 460 | 460 | 469 |
| &nbsp;&nbsp;&nbsp; LAI-00703554, 19.120%, 11/23/2026 †x# | LendingPoint | 10/25/2022 | 2753 | 2753 | 2822 |
| &nbsp;&nbsp;&nbsp; LAI-00703571, 26.010%, 2/22/2028 †x | LendingPoint | 10/25/2022 | 199 | 199 | 199 |
| &nbsp;&nbsp;&nbsp; LAI-00703592, 6.000%, 8/13/2026 †x# | LendingPoint | 10/25/2022 | 162 | 162 |  |
| &nbsp;&nbsp;&nbsp; LAI-00703595, 19.680%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 6660 | 6660 | 6651 |
| &nbsp;&nbsp;&nbsp; LAI-00703623, 0.000%, 1/08/2028 †x | LendingPoint | 10/25/2022 | 51 | 51 | 51 |
| &nbsp;&nbsp;&nbsp; LAI-00703644, 29.450%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 2655 | 2655 | 2715 |
| &nbsp;&nbsp;&nbsp; LAI-00703655, 27.450%, 2/19/2028 †x# | LendingPoint | 10/25/2022 | 15917 | 15917 | 15866 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6265** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00703687, 0.000%, 10/19/2024 †x#^ | LendingPoint | 10/25/2022 | $1 | $1 | $1 |
| &nbsp;&nbsp;&nbsp; LAI-00703694, 16.270%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 5370 | 5370 | 5341 |
| &nbsp;&nbsp;&nbsp; LAI-00703698, 28.540%, 10/19/2025 †x#^ | LendingPoint | 10/25/2022 | 1964 | 1964 | 287 |
| &nbsp;&nbsp;&nbsp; LAI-00703708, 20.680%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 1006 | 1006 | 1001 |
| &nbsp;&nbsp;&nbsp; LAI-00703709, 29.860%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 1665 | 1665 | 1733 |
| &nbsp;&nbsp;&nbsp; LAI-00703717, 30.150%, 10/19/2027 †x | LendingPoint | 10/25/2022 | 139 | 139 |  |
| &nbsp;&nbsp;&nbsp; LAI-00703718, 28.940%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 1599 | 1599 | 1592 |
| &nbsp;&nbsp;&nbsp; LAI-00703721, 16.960%, 5/25/2028 †x | LendingPoint | 10/25/2022 | 12354 | 12354 | 11938 |
| &nbsp;&nbsp;&nbsp; LAI-00703723, 28.400%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 577 | 577 | 598 |
| &nbsp;&nbsp;&nbsp; LAI-00703728, 25.490%, 4/14/2028 †x# | LendingPoint | 10/25/2022 | 4934 | 4934 | 4730 |
| &nbsp;&nbsp;&nbsp; LAI-00703739, 21.710%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 3898 | 3898 | 3899 |
| &nbsp;&nbsp;&nbsp; LAI-00703756, 23.550%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 2065 | 2065 | 2083 |
| &nbsp;&nbsp;&nbsp; LAI-00703762, 28.920%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 1892 | 1892 | 1943 |
| &nbsp;&nbsp;&nbsp; LAI-00703774, 29.450%, 2/28/2027 †x# | LendingPoint | 10/25/2022 | 11780 | 11780 | 11126 |
| &nbsp;&nbsp;&nbsp; LAI-00703778, 0.000%, 9/29/2026 †x | LendingPoint | 10/25/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00703798, 28.400%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 1893 | 1893 | 1973 |
| &nbsp;&nbsp;&nbsp; LAI-00703814, 31.910%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 4888 | 560 | 461 |
| &nbsp;&nbsp;&nbsp; LAI-00703824, 23.600%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 7512 | 7512 | 7492 |
| &nbsp;&nbsp;&nbsp; LAI-00703826, 16.410%, 4/27/2029 †x# | LendingPoint | 10/25/2022 | 7088 | 7088 | 669 |
| &nbsp;&nbsp;&nbsp; LAI-00703836, 25.590%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 5131 | 5131 | 5088 |
| &nbsp;&nbsp;&nbsp; LAI-00703849, 28.400%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 542 | 542 | 566 |
| &nbsp;&nbsp;&nbsp; LAI-00703862, 22.130%, 10/19/2026 †§x# | LendingPoint | 10/25/2022 | 1493 | 1493 | 1521 |
| &nbsp;&nbsp;&nbsp; LAI-00703867, 20.120%, 2/19/2029 †x# | LendingPoint | 10/25/2022 | 8179 | 8179 | 8003 |
| &nbsp;&nbsp;&nbsp; LAI-00703880, 29.510%, 10/19/2025 †x#^ | LendingPoint | 10/25/2022 | 227 | 227 | 21 |
| &nbsp;&nbsp;&nbsp; LAI-00703883, 28.890%, 2/19/2027 †x# | LendingPoint | 10/25/2022 | 1134 | 1134 | 1173 |
| &nbsp;&nbsp;&nbsp; LAI-00703885, 26.010%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 2062 | 2062 | 2110 |
| &nbsp;&nbsp;&nbsp; LAI-00703890, 29.370%, 10/19/2026 †x# | LendingPoint | 10/25/2022 | 3172 | 3172 | 604 |
| &nbsp;&nbsp;&nbsp; LAI-00703904, 0.000%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 1858 | 1858 |  |
| &nbsp;&nbsp;&nbsp; LAI-00703910, 16.770%, 10/19/2027 †x# | LendingPoint | 10/25/2022 | 3152 | 3152 | 3185 |
| &nbsp;&nbsp;&nbsp; LAI-00703935, 28.940%, 2/20/2028 †x | LendingPoint | 10/25/2022 | 3240 | 3240 | 3163 |
| &nbsp;&nbsp;&nbsp; LAI-00703938, 21.380%, 10/20/2026 †§x | LendingPoint | 10/25/2022 | 603 | 603 | 605 |
| &nbsp;&nbsp;&nbsp; LAI-00703969, 24.590%, 10/20/2027 †x# | LendingPoint | 10/25/2022 | 3928 | 3928 | 3901 |
| &nbsp;&nbsp;&nbsp; LAI-00703971, 19.700%, 12/01/2027 †x | LendingPoint | 10/25/2022 | 8028 | 8028 | 7991 |
| &nbsp;&nbsp;&nbsp; LAI-00703985, 21.380%, 10/20/2024 †§x#^ | LendingPoint | 10/25/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00704014, 18.230%, 10/20/2027 †x | LendingPoint | 10/25/2022 | 9616 | 9616 | 9558 |
| &nbsp;&nbsp;&nbsp; LAI-00704026, 31.380%, 10/20/2027 †x | LendingPoint | 10/25/2022 | 2750 | 2750 | 2815 |
| &nbsp;&nbsp;&nbsp; LAI-00704036, 23.090%, 10/20/2027 †x | LendingPoint | 10/25/2022 | 2996 | 2996 | 3008 |
| &nbsp;&nbsp;&nbsp; LAI-00704047, 24.520%, 9/30/2026 †x# | LendingPoint | 10/25/2022 | 10293 | 10293 | 9809 |
| &nbsp;&nbsp;&nbsp; LAI-00704054, 24.510%, 9/12/2026 †x# | LendingPoint | 10/25/2022 | 494 | 494 | 72 |
| &nbsp;&nbsp;&nbsp; LAI-00704064, 30.880%, 11/14/2033 †x# | LendingPoint | 10/25/2022 | 20208 | 20208 | 5322 |
| &nbsp;&nbsp;&nbsp; LAI-00704067, 20.370%, 10/20/2026 †x# | LendingPoint | 10/25/2022 | 4598 | 4598 | 1159 |
| &nbsp;&nbsp;&nbsp; LAI-00704068, 23.590%, 10/20/2027 †x | LendingPoint | 10/25/2022 | 13305 | 13305 | 13367 |
| &nbsp;&nbsp;&nbsp; LAI-00704069, 23.340%, 9/25/2030 †x | LendingPoint | 10/25/2022 | 11869 | 11869 | 11988 |
| &nbsp;&nbsp;&nbsp; LAI-00704070, 0.000%, 10/20/2027 †x# | LendingPoint | 10/25/2022 | 11614 | 11614 |  |
| &nbsp;&nbsp;&nbsp; LAI-00704078, 25.590%, 11/30/2027 †x | LendingPoint | 10/25/2022 | 4775 | 4775 | 4658 |
| &nbsp;&nbsp;&nbsp; LAI-00704081, 16.970%, 2/20/2027 †x# | LendingPoint | 10/25/2022 | 2031 | 2031 | 2041 |
| &nbsp;&nbsp;&nbsp; LAI-00704086, 24.630%, 11/25/2025 †x^ | LendingPoint | 10/25/2022 | 72 | 72 |  |
| &nbsp;&nbsp;&nbsp; LAI-00704105, 29.450%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 1754 | 1754 | 1793 |
| &nbsp;&nbsp;&nbsp; LAI-00704108, 20.680%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 7244 | 7244 | 7234 |
| &nbsp;&nbsp;&nbsp; LAI-00704111, 18.970%, 2/29/2028 †x# | LendingPoint | 10/26/2022 | 2732 | 2732 | 2651 |
| &nbsp;&nbsp;&nbsp; LAI-00704114, 16.120%, 10/20/2027 †x# | LendingPoint | 10/26/2022 | 5835 | 5835 | 5863 |
| &nbsp;&nbsp;&nbsp; LAI-00704125, 16.290%, 10/20/2026 †§x# | LendingPoint | 10/26/2022 | 1025 | 1025 | 1041 |
| &nbsp;&nbsp;&nbsp; LAI-00704143, 26.010%, 9/25/2027 †x | LendingPoint | 10/26/2022 | 1959 | 1959 | 1990 |
| &nbsp;&nbsp;&nbsp; LAI-00704144, 28.730%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 2925 | 2925 | 2944 |
| &nbsp;&nbsp;&nbsp; LAI-00704148, 19.690%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 4221 | 4221 | 4370 |
| &nbsp;&nbsp;&nbsp; LAI-00704152, 19.970%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 4721 | 4721 | 4697 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6266** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00704155, 28.940%, 10/20/2027 †x | LendingPoint | 10/26/2022 | $5394 | $5394 | $5492 |
| &nbsp;&nbsp;&nbsp; LAI-00704162, 16.620%, 10/20/2027 †x# | LendingPoint | 10/26/2022 | 20926 | 20926 | 1975 |
| &nbsp;&nbsp;&nbsp; LAI-00704168, 20.700%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 4834 | 4834 | 4802 |
| &nbsp;&nbsp;&nbsp; LAI-00704170, 24.460%, 8/25/2029 †x# | LendingPoint | 10/26/2022 | 8312 | 8312 | 8178 |
| &nbsp;&nbsp;&nbsp; LAI-00704186, 14.320%, 10/20/2026 †x# | LendingPoint | 10/26/2022 | 3126 | 3126 | 3163 |
| &nbsp;&nbsp;&nbsp; LAI-00704206, 12.160%, 10/20/2027 †x# | LendingPoint | 10/26/2022 | 6397 | 6397 | 6412 |
| &nbsp;&nbsp;&nbsp; LAI-00704248, 24.500%, 10/20/2024 †x#^ | LendingPoint | 10/26/2022 | 64 | 64 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00704275, 27.430%, 10/20/2026 †§x | LendingPoint | 10/26/2022 | 1133 | 1133 | 1165 |
| &nbsp;&nbsp;&nbsp; LAI-00704285, 11.910%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 8499 | 8499 | 8520 |
| &nbsp;&nbsp;&nbsp; LAI-00704305, 15.780%, 10/20/2027 †x# | LendingPoint | 10/26/2022 | 7555 | 7555 | 7517 |
| &nbsp;&nbsp;&nbsp; LAI-00704309, 30.920%, 7/01/2027 †x | LendingPoint | 10/26/2022 | 4569 | 4569 | 4341 |
| &nbsp;&nbsp;&nbsp; LAI-00704310, 16.120%, 2/20/2028 †x | LendingPoint | 10/26/2022 | 10273 | 10273 | 10226 |
| &nbsp;&nbsp;&nbsp; LAI-00704314, 16.120%, 10/20/2027 †x# | LendingPoint | 10/26/2022 | 7288 | 7288 | 7301 |
| &nbsp;&nbsp;&nbsp; LAI-00704331, 23.340%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 2746 | 2746 | 2768 |
| &nbsp;&nbsp;&nbsp; LAI-00704338, 28.640%, 10/20/2026 †§x | LendingPoint | 10/26/2022 | 1354 | 1354 | 1393 |
| &nbsp;&nbsp;&nbsp; LAI-00704359, 26.450%, 9/30/2026 †x# | LendingPoint | 10/26/2022 | 1793 | 1793 | 1696 |
| &nbsp;&nbsp;&nbsp; LAI-00704371, 28.420%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 9360 | 9360 | 9580 |
| &nbsp;&nbsp;&nbsp; LAI-00704424, 0.000%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 28 | 28 | 28 |
| &nbsp;&nbsp;&nbsp; LAI-00704425, 25.980%, 7/28/2027 †x# | LendingPoint | 10/26/2022 | 2045 | 2045 | 1968 |
| &nbsp;&nbsp;&nbsp; LAI-00704455, 24.310%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 3030 | 3030 | 3055 |
| &nbsp;&nbsp;&nbsp; LAI-00704460, 19.850%, 12/20/2027 †x | LendingPoint | 10/26/2022 | 27 | 27 |  |
| &nbsp;&nbsp;&nbsp; LAI-00704472, 27.920%, 1/20/2027 †x# | LendingPoint | 10/26/2022 | 1846 | 1846 | 1888 |
| &nbsp;&nbsp;&nbsp; LAI-00704481, 0.000%, 10/20/2025 †x#^ | LendingPoint | 10/26/2022 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00704496, 21.710%, 11/30/2027 †x | LendingPoint | 10/26/2022 | 7829 | 7829 | 7736 |
| &nbsp;&nbsp;&nbsp; LAI-00704515, 21.890%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 2752 | 2752 | 2733 |
| &nbsp;&nbsp;&nbsp; LAI-00704522, 27.020%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 7426 | 7426 | 7562 |
| &nbsp;&nbsp;&nbsp; LAI-00704528, 29.450%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 5137 | 5137 | 5300 |
| &nbsp;&nbsp;&nbsp; LAI-00704547, 20.390%, 11/19/2027 †x# | LendingPoint | 10/26/2022 | 6570 | 6570 | 4496 |
| &nbsp;&nbsp;&nbsp; LAI-00704554, 21.640%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 12955 | 12955 | 12964 |
| &nbsp;&nbsp;&nbsp; LAI-00704555, 13.130%, 10/20/2027 †x | LendingPoint | 10/26/2022 | 3675 | 3675 | 3691 |
| &nbsp;&nbsp;&nbsp; LAI-00704584, 25.020%, 10/20/2026 †§x | LendingPoint | 10/26/2022 | 967 | 967 | 1001 |
| &nbsp;&nbsp;&nbsp; LAI-00704593, 28.900%, 10/20/2026 †§x | LendingPoint | 10/26/2022 | 1269 | 1269 | 1324 |
| &nbsp;&nbsp;&nbsp; LAI-00704597, 25.000%, 10/20/2026 †x# | LendingPoint | 10/26/2022 | 2380 | 2380 | 447 |
| &nbsp;&nbsp;&nbsp; LAI-00704613, 25.050%, 10/20/2026 †§x# | LendingPoint | 10/26/2022 | 2591 | 2591 | 2641 |
| &nbsp;&nbsp;&nbsp; LAI-00704626, 0.000%, 10/21/2024 †x^ | LendingPoint | 10/26/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00704629, 31.910%, 1/27/2027 †x# | LendingPoint | 10/26/2022 | 2354 | 2354 | 2245 |
| &nbsp;&nbsp;&nbsp; LAI-00704649, 28.730%, 10/21/2027 †x | LendingPoint | 10/26/2022 | 4537 | 4537 | 4551 |
| &nbsp;&nbsp;&nbsp; LAI-00704654, 20.210%, 10/21/2027 †x | LendingPoint | 10/26/2022 | 3599 | 3599 | 3577 |
| &nbsp;&nbsp;&nbsp; LAI-00704674, 16.120%, 10/21/2027 †x | LendingPoint | 10/26/2022 | 1366 | 1366 | 1369 |
| &nbsp;&nbsp;&nbsp; LAI-00704678, 18.790%, 10/21/2027 †x | LendingPoint | 10/26/2022 | 7051 | 7051 | 7061 |
| &nbsp;&nbsp;&nbsp; LAI-00704712, 18.180%, 10/21/2027 †x# | LendingPoint | 10/26/2022 | 2825 | 2825 | 2800 |
| &nbsp;&nbsp;&nbsp; LAI-00704746, 14.900%, 10/28/2027 †x# | LendingPoint | 10/26/2022 | 7636 | 7636 | 7556 |
| &nbsp;&nbsp;&nbsp; LAI-00704780, 25.460%, 6/21/2029 †x# | LendingPoint | 10/26/2022 | 11492 | 11492 | 1085 |
| &nbsp;&nbsp;&nbsp; LAI-00704793, 22.380%, 2/21/2030 †x# | LendingPoint | 10/26/2022 | 8035 | 8035 | 759 |
| &nbsp;&nbsp;&nbsp; LAI-00704796, 25.250%, 10/10/2024 †x#^ | LendingPoint | 10/26/2022 | 391 | 391 | 391 |
| &nbsp;&nbsp;&nbsp; LAI-00704803, 22.870%, 10/21/2027 †x# | LendingPoint | 10/26/2022 | 2759 | 2759 | 2771 |
| &nbsp;&nbsp;&nbsp; LAI-00704807, 30.410%, 10/21/2027 †x# | LendingPoint | 10/26/2022 | 5134 | 5134 | 485 |
| &nbsp;&nbsp;&nbsp; LAI-00704809, 29.450%, 8/30/2028 †x# | LendingPoint | 10/26/2022 | 9830 | 9830 | 1438 |
| &nbsp;&nbsp;&nbsp; LAI-00704810, 17.080%, 10/21/2027 †x | LendingPoint | 10/26/2022 | 4617 | 4617 | 4593 |
| &nbsp;&nbsp;&nbsp; LAI-00704814, 24.850%, 10/21/2027 †x | LendingPoint | 10/26/2022 | 2525 | 2525 | 2536 |
| &nbsp;&nbsp;&nbsp; LAI-00706826, 24.550%, 9/25/2029 †x# | LendingPoint | 10/31/2022 | 26077 | 26077 | 25276 |
| &nbsp;&nbsp;&nbsp; LAI-00706836, 29.460%, 10/25/2027 †x# | LendingPoint | 10/31/2022 | 4480 | 4480 | 4605 |
| &nbsp;&nbsp;&nbsp; LAI-00706871, 23.380%, 8/03/2027 †x# | LendingPoint | 10/31/2022 | 4750 | 4750 | 4738 |
| &nbsp;&nbsp;&nbsp; LAI-00706877, 19.140%, 10/25/2028 †x | LendingPoint | 10/31/2022 | 27003 | 27003 | 27148 |
| &nbsp;&nbsp;&nbsp; LAI-00706889, 26.060%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 3615 | 3615 | 3710 |
| &nbsp;&nbsp;&nbsp; LAI-00706909, 9.000%, 10/25/2028 †x# | LendingPoint | 10/31/2022 | 23618 | 23618 | 23814 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6267** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00706911, 30.390%, 10/25/2027 †x | LendingPoint | 10/31/2022 | $1613 | $1613 | $1657 |
| &nbsp;&nbsp;&nbsp; LAI-00706926, 14.090%, 3/01/2029 †x# | LendingPoint | 10/31/2022 | 5456 | 5456 | 5382 |
| &nbsp;&nbsp;&nbsp; LAI-00706948, 0.000%, 11/01/2027 †x | LendingPoint | 10/31/2022 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00706956, 27.460%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 1749 | 1749 | 1812 |
| &nbsp;&nbsp;&nbsp; LAI-00706970, 16.960%, 2/25/2028 †x | LendingPoint | 10/31/2022 | 6938 | 6938 | 6879 |
| &nbsp;&nbsp;&nbsp; LAI-00706974, 16.110%, 10/25/2028 †x | LendingPoint | 10/31/2022 | 17661 | 17661 | 17771 |
| &nbsp;&nbsp;&nbsp; LAI-00706985, 31.880%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 4778 | 4778 | 4865 |
| &nbsp;&nbsp;&nbsp; LAI-00707019, 28.400%, 9/25/2027 †x | LendingPoint | 10/31/2022 | 1137 | 1137 | 1182 |
| &nbsp;&nbsp;&nbsp; LAI-00707023, 20.180%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 1426 | 1426 | 1427 |
| &nbsp;&nbsp;&nbsp; LAI-00707049, 24.500%, 10/25/2024 †§x^ | LendingPoint | 10/31/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00707059, 12.380%, 1/30/2029 †x# | LendingPoint | 10/31/2022 | 16090 | 16090 | 16047 |
| &nbsp;&nbsp;&nbsp; LAI-00707073, 29.460%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 7892 | 7892 | 8171 |
| &nbsp;&nbsp;&nbsp; LAI-00707074, 20.670%, 1/25/2028 †x | LendingPoint | 10/31/2022 | 6915 | 6915 | 6932 |
| &nbsp;&nbsp;&nbsp; LAI-00707079, 29.450%, 10/24/2027 †x | LendingPoint | 10/31/2022 | 2484 | 2484 | 2539 |
| &nbsp;&nbsp;&nbsp; LAI-00707093, 23.130%, 10/25/2027 †x# | LendingPoint | 10/31/2022 | 46013 | 5546 | 4344 |
| &nbsp;&nbsp;&nbsp; LAI-00707146, 27.430%, 10/25/2026 †§x | LendingPoint | 10/31/2022 | 1571 | 1571 | 1605 |
| &nbsp;&nbsp;&nbsp; LAI-00707204, 12.380%, 10/25/2028 †x# | LendingPoint | 10/31/2022 | 18999 | 18999 | 19137 |
| &nbsp;&nbsp;&nbsp; LAI-00707230, 17.080%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 6913 | 6913 | 6888 |
| &nbsp;&nbsp;&nbsp; LAI-00707248, 14.320%, 10/25/2026 †§x# | LendingPoint | 10/31/2022 | 417 | 417 | 421 |
| &nbsp;&nbsp;&nbsp; LAI-00707273, 23.590%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 1949 | 1949 | 1995 |
| &nbsp;&nbsp;&nbsp; LAI-00707278, 13.140%, 10/25/2028 †x | LendingPoint | 10/31/2022 | 12721 | 12721 | 12811 |
| &nbsp;&nbsp;&nbsp; LAI-00707285, 0.000%, 10/25/2027 †x# | LendingPoint | 10/31/2022 | 5858 | 5858 |  |
| &nbsp;&nbsp;&nbsp; LAI-00707291, 15.990%, 10/25/2027 †x# | LendingPoint | 10/31/2022 | 3271 | 3271 | 1030 |
| &nbsp;&nbsp;&nbsp; LAI-00707295, 14.330%, 10/25/2028 †x | LendingPoint | 10/31/2022 | 1675 | 1675 | 1687 |
| &nbsp;&nbsp;&nbsp; LAI-00707298, 17.340%, 10/25/2027 †x# | LendingPoint | 10/31/2022 | 19966 | 19966 | 20022 |
| &nbsp;&nbsp;&nbsp; LAI-00707302, 29.460%, 10/25/2027 †x# | LendingPoint | 10/31/2022 | 4873 | 4873 | 5043 |
| &nbsp;&nbsp;&nbsp; LAI-00707319, 23.840%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 6027 | 6027 | 6086 |
| &nbsp;&nbsp;&nbsp; LAI-00707339, 11.830%, 1/15/2030 †x# | LendingPoint | 10/31/2022 | 12300 | 12300 | 11920 |
| &nbsp;&nbsp;&nbsp; LAI-00707341, 11.640%, 12/15/2028 †x | LendingPoint | 10/31/2022 | 10762 | 10762 | 10784 |
| &nbsp;&nbsp;&nbsp; LAI-00707343, 11.910%, 11/01/2028 †x# | LendingPoint | 10/31/2022 | 17892 | 17892 | 17888 |
| &nbsp;&nbsp;&nbsp; LAI-00707360, 24.990%, 5/01/2029 †x# | LendingPoint | 10/31/2022 | 6541 | 6541 | 6103 |
| &nbsp;&nbsp;&nbsp; LAI-00707370, 25.490%, 10/25/2026 †§x | LendingPoint | 10/31/2022 | 1826 | 1826 | 1897 |
| &nbsp;&nbsp;&nbsp; LAI-00707384, 29.460%, 10/25/2026 †§x | LendingPoint | 10/31/2022 | 2154 | 2154 | 2255 |
| &nbsp;&nbsp;&nbsp; LAI-00707405, 25.590%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 8727 | 8727 | 8675 |
| &nbsp;&nbsp;&nbsp; LAI-00707407, 28.400%, 10/25/2026 †§x | LendingPoint | 10/31/2022 | 505 | 505 | 529 |
| &nbsp;&nbsp;&nbsp; LAI-00707435, 20.600%, 10/25/2027 †x | LendingPoint | 10/31/2022 | 1560 | 1560 | 1595 |
| &nbsp;&nbsp;&nbsp; LAI-00707455, 11.440%, 2/25/2029 †x | LendingPoint | 10/31/2022 | 17232 | 17232 | 17297 |
| &nbsp;&nbsp;&nbsp; LAI-00707542, 14.270%, 10/26/2027 †x# | LendingPoint | 10/31/2022 | 13077 | 13077 | 13125 |
| &nbsp;&nbsp;&nbsp; LAI-00707556, 12.380%, 10/26/2028 †x | LendingPoint | 10/31/2022 | 9536 | 9536 | 9609 |
| &nbsp;&nbsp;&nbsp; LAI-00707566, 20.680%, 10/26/2027 †x# | LendingPoint | 10/31/2022 | 7261 | 7261 | 7231 |
| &nbsp;&nbsp;&nbsp; LAI-00707576, 11.830%, 10/26/2028 †x# | LendingPoint | 10/31/2022 | 7938 | 7938 | 8002 |
| &nbsp;&nbsp;&nbsp; LAI-00707583, 16.590%, 10/26/2027 †x# | LendingPoint | 10/31/2022 | 2752 | 2752 | 2762 |
| &nbsp;&nbsp;&nbsp; LAI-00707607, 20.470%, 10/26/2027 †x# | LendingPoint | 10/31/2022 | 6768 | 6768 | 6741 |
| &nbsp;&nbsp;&nbsp; LAI-00707608, 30.430%, 10/26/2027 †x | LendingPoint | 10/31/2022 | 6484 | 6484 | 6651 |
| &nbsp;&nbsp;&nbsp; LAI-00707628, 12.410%, 10/26/2028 †x# | LendingPoint | 10/31/2022 | 3524 | 3524 | 3552 |
| &nbsp;&nbsp;&nbsp; LAI-00707632, 10.640%, 10/26/2028 †x# | LendingPoint | 10/31/2022 | 10855 | 10855 | 10944 |
| &nbsp;&nbsp;&nbsp; LAI-00708589, 21.200%, 11/26/2027 †x | LendingPoint | 11/02/2022 | 6130 | 6130 | 6006 |
| &nbsp;&nbsp;&nbsp; LAI-00708627, 12.380%, 10/27/2028 †x# | LendingPoint | 11/02/2022 | 17877 | 17877 | 18079 |
| &nbsp;&nbsp;&nbsp; LAI-00708697, 20.680%, 10/27/2027 †x# | LendingPoint | 11/02/2022 | 7247 | 7247 | 7115 |
| &nbsp;&nbsp;&nbsp; LAI-00708710, 19.430%, 10/11/2028 †x# | LendingPoint | 11/02/2022 | 12126 | 12126 | 12104 |
| &nbsp;&nbsp;&nbsp; LAI-00708723, 25.740%, 10/27/2024 †x#^ | LendingPoint | 11/02/2022 | 1380 | 1380 | 202 |
| &nbsp;&nbsp;&nbsp; LAI-00708735, 24.630%, 10/27/2027 †x# | LendingPoint | 11/02/2022 | 3042 | 3042 | 3065 |
| &nbsp;&nbsp;&nbsp; LAI-00708790, 15.280%, 11/30/2026 †x | LendingPoint | 11/02/2022 | 125 | 125 |  |
| &nbsp;&nbsp;&nbsp; LAI-00708811, 13.070%, 10/27/2028 †x# | LendingPoint | 11/02/2022 | 22080 | 22080 | 22066 |
| &nbsp;&nbsp;&nbsp; LAI-00708828, 23.090%, 10/27/2027 †x# | LendingPoint | 11/02/2022 | 9767 | 9767 | 10077 |
| &nbsp;&nbsp;&nbsp; LAI-00708876, 0.000%, 10/27/2027 †x | LendingPoint | 11/02/2022 | 5 | 5 | 5 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6268** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00708892, 11.910%, 10/27/2028 †x# | LendingPoint | 11/02/2022 | $14464 | $14464 | $14459 |
| &nbsp;&nbsp;&nbsp; LAI-00708894, 16.760%, 2/29/2028 †x# | LendingPoint | 11/02/2022 | 15361 | 15361 | 15179 |
| &nbsp;&nbsp;&nbsp; LAI-00708934, 12.640%, 10/27/2028 †x# | LendingPoint | 11/02/2022 | 24851 | 24851 | 25130 |
| &nbsp;&nbsp;&nbsp; LAI-00708952, 29.420%, 1/17/2028 †x# | LendingPoint | 11/02/2022 | 2654 | 2654 | 2684 |
| &nbsp;&nbsp;&nbsp; LAI-00709014, 29.380%, 10/27/2026 †§x# | LendingPoint | 11/02/2022 | 1230 | 1230 | 1299 |
| &nbsp;&nbsp;&nbsp; LAI-00709074, 13.700%, 10/27/2027 †x# | LendingPoint | 11/02/2022 | 16244 | 16244 | 16392 |
| &nbsp;&nbsp;&nbsp; LAI-00709087, 23.370%, 10/27/2027 †x | LendingPoint | 11/02/2022 | 2415 | 2415 | 2437 |
| &nbsp;&nbsp;&nbsp; LAI-00709096, 14.300%, 10/27/2026 †§x# | LendingPoint | 11/02/2022 | 2627 | 2627 | 2731 |
| &nbsp;&nbsp;&nbsp; LAI-00709125, 10.940%, 10/27/2027 †x# | LendingPoint | 11/02/2022 | 2965 | 2965 | 2994 |
| &nbsp;&nbsp;&nbsp; LAI-00709161, 30.390%, 1/15/2028 †x | LendingPoint | 11/02/2022 | 4689 | 4689 | 4781 |
| &nbsp;&nbsp;&nbsp; LAI-00709185, 14.570%, 10/28/2028 †x# | LendingPoint | 11/02/2022 | 25527 | 25527 | 25501 |
| &nbsp;&nbsp;&nbsp; LAI-00709202, 29.440%, 10/28/2027 †x# | LendingPoint | 11/02/2022 | 11530 | 11530 | 11424 |
| &nbsp;&nbsp;&nbsp; LAI-00709234, 12.390%, 10/28/2027 †x# | LendingPoint | 11/02/2022 | 5826 | 5826 | 5879 |
| &nbsp;&nbsp;&nbsp; LAI-00709242, 9.010%, 10/04/2027 †x# | LendingPoint | 11/02/2022 | 12813 | 12813 | 12665 |
| &nbsp;&nbsp;&nbsp; LAI-00709248, 23.740%, 10/26/2026 †x | LendingPoint | 11/02/2022 | 12703 | 12703 | 12217 |
| &nbsp;&nbsp;&nbsp; LAI-00709252, 10.940%, 10/28/2028 †x# | LendingPoint | 11/02/2022 | 8960 | 8728 | 8693 |
| &nbsp;&nbsp;&nbsp; LAI-00709261, 9.320%, 10/28/2027 †x# | LendingPoint | 11/02/2022 | 3999 | 3999 | 4038 |
| &nbsp;&nbsp;&nbsp; LAI-00709278, 12.140%, 5/05/2031 †x# | LendingPoint | 11/02/2022 | 10600 | 10600 | 1551 |
| &nbsp;&nbsp;&nbsp; LAI-00709299, 11.150%, 10/28/2028 †x | LendingPoint | 11/02/2022 | 22659 | 22659 | 22496 |
| &nbsp;&nbsp;&nbsp; LAI-00709316, 0.000%, 10/28/2027 †x | LendingPoint | 11/02/2022 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00709360, 21.380%, 10/28/2027 †x# | LendingPoint | 11/02/2022 | 4160 | 4160 | 4187 |
| &nbsp;&nbsp;&nbsp; LAI-00709442, 9.520%, 10/28/2027 †x# | LendingPoint | 11/03/2022 | 5464 | 5464 | 5472 |
| &nbsp;&nbsp;&nbsp; LAI-00709465, 29.890%, 10/28/2027 †x# | LendingPoint | 11/03/2022 | 1058 | 1058 | 1069 |
| &nbsp;&nbsp;&nbsp; LAI-00709473, 8.000%, 10/28/2027 †x# | LendingPoint | 11/03/2022 | 3527 | 3527 | 3534 |
| &nbsp;&nbsp;&nbsp; LAI-00709524, 12.140%, 1/28/2028 †x# | LendingPoint | 11/03/2022 | 15726 | 15726 | 1485 |
| &nbsp;&nbsp;&nbsp; LAI-00709581, 22.390%, 2/13/2028 †x# | LendingPoint | 11/03/2022 | 7695 | 7695 | 7403 |
| &nbsp;&nbsp;&nbsp; LAI-00709605, 31.350%, 10/28/2026 †§x# | LendingPoint | 11/03/2022 | 1304 | 1304 | 1328 |
| &nbsp;&nbsp;&nbsp; LAI-00709633, 9.940%, 10/28/2028 †x# | LendingPoint | 11/03/2022 | 8952 | 8952 | 8972 |
| &nbsp;&nbsp;&nbsp; LAI-00709704, 25.040%, 10/28/2027 †x# | LendingPoint | 11/03/2022 | 4557 | 4557 | 4600 |
| &nbsp;&nbsp;&nbsp; LAI-00709705, 11.530%, 10/28/2026 †§x# | LendingPoint | 11/03/2022 | 1213 | 1213 | 1220 |
| &nbsp;&nbsp;&nbsp; LAI-00709706, 29.450%, 10/28/2027 †x# | LendingPoint | 11/03/2022 | 3457 | 3457 | 3484 |
| &nbsp;&nbsp;&nbsp; LAI-00709718, 12.060%, 8/30/2026 †x | LendingPoint | 11/03/2022 | 24110 | 24110 | 23533 |
| &nbsp;&nbsp;&nbsp; LAI-00709766, 0.000%, 10/28/2026 †x# | LendingPoint | 11/03/2022 | 122 | 122 | 122 |
| &nbsp;&nbsp;&nbsp; LAI-00709777, 27.460%, 10/28/2027 †x# | LendingPoint | 11/03/2022 | 5159 | 5159 | 5222 |
| &nbsp;&nbsp;&nbsp; LAI-00709822, 27.450%, 4/28/2030 †x# | LendingPoint | 11/03/2022 | 8406 | 8406 | 1230 |
| &nbsp;&nbsp;&nbsp; LAI-00709827, 13.200%, 12/28/2027 †x# | LendingPoint | 11/03/2022 | 17163 | 17163 | 16803 |
| &nbsp;&nbsp;&nbsp; LAI-00709905, 0.000%, 10/29/2027 †x | LendingPoint | 11/03/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00709935, 23.380%, 5/01/2027 †x# | LendingPoint | 11/03/2022 | 5102 | 5102 | 5258 |
| &nbsp;&nbsp;&nbsp; LAI-00709960, 22.770%, 10/29/2027 †x# | LendingPoint | 11/03/2022 | 4114 | 4114 | 4175 |
| &nbsp;&nbsp;&nbsp; LAI-00709973, 20.660%, 10/29/2027 †x# | LendingPoint | 11/03/2022 | 7153 | 7153 | 7057 |
| &nbsp;&nbsp;&nbsp; LAI-00709993, 27.460%, 10/30/2027 †x# | LendingPoint | 11/03/2022 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; LAI-00710020, 28.730%, 10/29/2027 †x# | LendingPoint | 11/03/2022 | 5090 | 5090 | 5069 |
| &nbsp;&nbsp;&nbsp; LAI-00710035, 9.000%, 10/29/2028 †x# | LendingPoint | 11/03/2022 | 6530 | 6530 | 6546 |
| &nbsp;&nbsp;&nbsp; LAI-00710048, 29.940%, 2/13/2029 †x | LendingPoint | 11/03/2022 | 9982 | 9982 | 9646 |
| &nbsp;&nbsp;&nbsp; LAI-00710066, 13.820%, 10/29/2027 †x# | LendingPoint | 11/03/2022 | 5859 | 5859 | 5842 |
| &nbsp;&nbsp;&nbsp; LAI-00710236, 25.590%, 10/30/2027 †x | LendingPoint | 11/03/2022 | 4586 | 4586 | 4500 |
| &nbsp;&nbsp;&nbsp; LAI-00710331, 22.630%, 11/01/2027 †x# | LendingPoint | 11/03/2022 | 4633 | 4633 | 4559 |
| &nbsp;&nbsp;&nbsp; LAI-00710344, 12.130%, 11/01/2028 †x# | LendingPoint | 11/03/2022 | 27091 | 27091 | 27078 |
| &nbsp;&nbsp;&nbsp; LAI-00710369, 21.650%, 3/15/2029 †x# | LendingPoint | 11/03/2022 | 7344 | 7344 | 693 |
| &nbsp;&nbsp;&nbsp; LAI-00710401, 14.650%, 11/01/2027 †x | LendingPoint | 11/03/2022 | 8289 | 8289 | 8234 |
| &nbsp;&nbsp;&nbsp; LAI-00710425, 0.000%, 11/01/2025 †x#^ | LendingPoint | 11/03/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00710427, 14.900%, 11/01/2027 †x | LendingPoint | 11/03/2022 | 3516 | 3516 | 3493 |
| &nbsp;&nbsp;&nbsp; LAI-00710529, 19.770%, 11/01/2027 †x# | LendingPoint | 11/04/2022 | 2489 | 2489 | 2469 |
| &nbsp;&nbsp;&nbsp; LAI-00710581, 29.880%, 11/01/2027 †x# | LendingPoint | 11/04/2022 | 7471 | 7471 | 7502 |
| &nbsp;&nbsp;&nbsp; LAI-00710590, 14.900%, 11/01/2027 †x# | LendingPoint | 11/04/2022 | 9539 | 9539 | 9506 |
| &nbsp;&nbsp;&nbsp; LAI-00710668, 14.330%, 11/01/2028 †x# | LendingPoint | 11/04/2022 | 17662 | 17662 | 17642 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6269** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00710682, 24.560%, 11/01/2027 †x# | LendingPoint | 11/04/2022 | $2527 | $2527 | $2471 |
| &nbsp;&nbsp;&nbsp; LAI-00710735, 17.490%, 11/01/2027 †x# | LendingPoint | 11/04/2022 | 7511 | 7511 | 709 |
| &nbsp;&nbsp;&nbsp; LAI-00710747, 29.440%, 11/01/2028 †x# | LendingPoint | 11/04/2022 | 20447 | 20447 | 20330 |
| &nbsp;&nbsp;&nbsp; LAI-00710796, 0.000%, 11/01/2027 †x | LendingPoint | 11/04/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00710830, 21.650%, 11/01/2027 †x# | LendingPoint | 11/04/2022 | 2500 | 2500 | 2486 |
| &nbsp;&nbsp;&nbsp; LAI-00710876, 28.920%, 11/01/2026 †§x# | LendingPoint | 11/04/2022 | 1156 | 1156 | 710 |
| &nbsp;&nbsp;&nbsp; LAI-00710883, 30.220%, 11/01/2024 †§x^ | LendingPoint | 11/04/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00710887, 28.590%, 11/01/2027 †x# | LendingPoint | 11/04/2022 | 5905 | 5905 | 5928 |
| &nbsp;&nbsp;&nbsp; LAI-00711019, 26.560%, 11/01/2027 †x | LendingPoint | 11/04/2022 | 4223 | 4223 | 4253 |
| &nbsp;&nbsp;&nbsp; LAI-00711021, 25.490%, 6/01/2028 †x# | LendingPoint | 11/04/2022 | 25 | 25 | 25 |
| &nbsp;&nbsp;&nbsp; LAI-00711034, 29.860%, 1/09/2029 †x | LendingPoint | 11/04/2022 | 4409 | 4409 | 4101 |
| &nbsp;&nbsp;&nbsp; LAI-00711057, 24.850%, 2/01/2028 †x# | LendingPoint | 11/04/2022 | 5744 | 5744 | 5535 |
| &nbsp;&nbsp;&nbsp; LAI-00711132, 24.100%, 1/15/2029 †x# | LendingPoint | 11/04/2022 | 10241 | 10241 | 9942 |
| &nbsp;&nbsp;&nbsp; LAI-00711141, 17.080%, 11/01/2027 †x | LendingPoint | 11/04/2022 | 3375 | 3375 | 3318 |
| &nbsp;&nbsp;&nbsp; LAI-00711172, 21.160%, 11/01/2027 †x | LendingPoint | 11/04/2022 | 18186 | 18186 | 18040 |
| &nbsp;&nbsp;&nbsp; LAI-00711254, 27.540%, 7/30/2026 †x | LendingPoint | 11/04/2022 | 2550 | 2550 | 2486 |
| &nbsp;&nbsp;&nbsp; LAI-00711256, 27.460%, 11/15/2027 †x | LendingPoint | 11/04/2022 | 5297 | 5297 | 5319 |
| &nbsp;&nbsp;&nbsp; LAI-00711334, 13.990%, 11/02/2027 †x | LendingPoint | 11/04/2022 | 3911 | 3911 | 3891 |
| &nbsp;&nbsp;&nbsp; LAI-00711370, 21.310%, 11/02/2026 †§x | LendingPoint | 11/04/2022 | 1368 | 1368 | 1377 |
| &nbsp;&nbsp;&nbsp; LAI-00711373, 20.090%, 11/02/2027 †x | LendingPoint | 11/04/2022 | 11689 | 11689 | 11617 |
| &nbsp;&nbsp;&nbsp; LAI-00711379, 24.570%, 11/02/2027 †x | LendingPoint | 11/04/2022 | 2646 | 2646 | 2599 |
| &nbsp;&nbsp;&nbsp; LAI-00711495, 24.560%, 12/05/2027 †x | LendingPoint | 11/07/2022 | 7809 | 7809 | 7904 |
| &nbsp;&nbsp;&nbsp; LAI-00711498, 28.980%, 11/02/2027 †x | LendingPoint | 11/07/2022 | 3454 | 3454 | 3398 |
| &nbsp;&nbsp;&nbsp; LAI-00711501, 21.380%, 5/15/2028 †x | LendingPoint | 11/07/2022 | 6523 | 6523 | 6168 |
| &nbsp;&nbsp;&nbsp; LAI-00711527, 9.290%, 11/02/2028 †x | LendingPoint | 11/07/2022 | 24375 | 24375 | 24317 |
| &nbsp;&nbsp;&nbsp; LAI-00711542, 19.770%, 7/11/2027 †x# | LendingPoint | 11/07/2022 | 13809 | 13809 | 13487 |
| &nbsp;&nbsp;&nbsp; LAI-00711586, 14.790%, 11/02/2026 †§x | LendingPoint | 11/07/2022 | 2829 | 2829 | 2848 |
| &nbsp;&nbsp;&nbsp; LAI-00711619, 21.370%, 11/02/2027 †x | LendingPoint | 11/07/2022 | 4562 | 4562 | 4599 |
| &nbsp;&nbsp;&nbsp; LAI-00711629, 13.700%, 11/02/2028 †x | LendingPoint | 11/07/2022 | 13335 | 13335 | 13306 |
| &nbsp;&nbsp;&nbsp; LAI-00711666, 14.760%, 11/02/2028 †x | LendingPoint | 11/07/2022 | 17683 | 17683 | 17613 |
| &nbsp;&nbsp;&nbsp; LAI-00711679, 29.440%, 3/30/2026 †x | LendingPoint | 11/07/2022 | 8668 | 8668 | 7300 |
| &nbsp;&nbsp;&nbsp; LAI-00711686, 26.560%, 11/02/2026 †x# | LendingPoint | 11/07/2022 | 9276 | 9276 | 2972 |
| &nbsp;&nbsp;&nbsp; LAI-00711696, 21.570%, 3/20/2028 †x | LendingPoint | 11/07/2022 | 8340 | 8340 | 8136 |
| &nbsp;&nbsp;&nbsp; LAI-00711716, 27.760%, 11/02/2027 †x# | LendingPoint | 11/07/2022 | 4048 | 4048 | 1801 |
| &nbsp;&nbsp;&nbsp; LAI-00711805, 24.420%, 11/02/2028 †x# | LendingPoint | 11/07/2022 | 9222 | 9222 | 1844 |
| &nbsp;&nbsp;&nbsp; LAI-00711844, 20.670%, 11/02/2027 †x | LendingPoint | 11/07/2022 | 4051 | 4051 | 4035 |
| &nbsp;&nbsp;&nbsp; LAI-00711867, 11.910%, 11/02/2028 †x | LendingPoint | 11/07/2022 | 3665 | 3665 | 3639 |
| &nbsp;&nbsp;&nbsp; LAI-00711883, 31.460%, 11/02/2027 †x# | LendingPoint | 11/07/2022 | 1899 | 1899 | 1923 |
| &nbsp;&nbsp;&nbsp; LAI-00711889, 28.430%, 11/02/2027 †x# | LendingPoint | 11/07/2022 | 4790 | 4790 | 2314 |
| &nbsp;&nbsp;&nbsp; LAI-00711909, 26.200%, 11/02/2024 †§x^ | LendingPoint | 11/07/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00711950, 14.330%, 11/02/2028 †x | LendingPoint | 11/07/2022 | 8367 | 8367 | 8366 |
| &nbsp;&nbsp;&nbsp; LAI-00711992, 19.200%, 1/30/2028 †x# | LendingPoint | 11/07/2022 | 11151 | 11151 | 10844 |
| &nbsp;&nbsp;&nbsp; LAI-00712021, 28.540%, 11/02/2025 †x#^ | LendingPoint | 11/07/2022 | 1090 | 1090 | 159 |
| &nbsp;&nbsp;&nbsp; LAI-00712023, 23.090%, 11/02/2028 †x | LendingPoint | 11/07/2022 | 9717 | 9717 | 9695 |
| &nbsp;&nbsp;&nbsp; LAI-00712031, 18.060%, 11/02/2027 †x | LendingPoint | 11/07/2022 | 4782 | 4782 | 4725 |
| &nbsp;&nbsp;&nbsp; LAI-00712061, 30.380%, 11/03/2027 †x | LendingPoint | 11/07/2022 | 2806 | 2806 | 2828 |
| &nbsp;&nbsp;&nbsp; LAI-00712072, 0.000%, 11/03/2027 †x | LendingPoint | 11/07/2022 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00712109, 28.990%, 11/03/2026 †§x | LendingPoint | 11/07/2022 | 1433 | 1433 | 1456 |
| &nbsp;&nbsp;&nbsp; LAI-00712144, 22.490%, 11/03/2026 †x# | LendingPoint | 11/07/2022 | 4387 | 4387 | 414 |
| &nbsp;&nbsp;&nbsp; LAI-00712170, 25.020%, 11/03/2026 †§x | LendingPoint | 11/07/2022 | 911 | 911 | 931 |
| &nbsp;&nbsp;&nbsp; LAI-00712186, 0.000%, 11/03/2025 †x^ | LendingPoint | 11/07/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00712220, 23.990%, 11/17/2027 †x | LendingPoint | 11/07/2022 | 4334 | 4334 | 4360 |
| &nbsp;&nbsp;&nbsp; LAI-00712273, 10.940%, 11/03/2028 †x | LendingPoint | 11/07/2022 | 16054 | 16054 | 16014 |
| &nbsp;&nbsp;&nbsp; LAI-00712285, 13.000%, 11/03/2024 †§x^ | LendingPoint | 11/07/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00712288, 23.490%, 6/03/2027 †x | LendingPoint | 11/07/2022 | 1227 | 1227 | 1222 |
| &nbsp;&nbsp;&nbsp; LAI-00713971, 11.810%, 11/05/2028 †x | LendingPoint | 11/09/2022 | 26885 | 26885 | 26976 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6270** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00714052, 9.530%, 11/05/2027 †x | LendingPoint | 11/09/2022 | $1012 | $1012 | $1012 |
| &nbsp;&nbsp;&nbsp; LAI-00714057, 17.930%, 11/05/2028 †x | LendingPoint | 11/09/2022 | 15511 | 15511 | 15541 |
| &nbsp;&nbsp;&nbsp; LAI-00714070, 0.000%, 8/13/2024 †x^ | LendingPoint | 11/10/2022 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00714101, 23.040%, 8/19/2028 †x# | LendingPoint | 11/10/2022 | 4229 | 4229 | 4188 |
| &nbsp;&nbsp;&nbsp; LAI-00714167, 26.510%, 5/16/2031 †x# | LendingPoint | 11/09/2022 | 21409 | 21409 | 2021 |
| &nbsp;&nbsp;&nbsp; LAI-00714183, 23.320%, 11/05/2024 †§x^ | LendingPoint | 11/10/2022 | 7 | 7 |  |
| &nbsp;&nbsp;&nbsp; LAI-00714193, 12.170%, 11/05/2027 †x# | LendingPoint | 11/09/2022 | 2524 | 2524 | 2491 |
| &nbsp;&nbsp;&nbsp; LAI-00714224, 9.040%, 11/05/2027 †x# | LendingPoint | 11/09/2022 | 9850 | 9850 | 930 |
| &nbsp;&nbsp;&nbsp; LAI-00714276, 24.490%, 11/05/2028 †x | LendingPoint | 11/09/2022 | 26983 | 26983 | 26988 |
| &nbsp;&nbsp;&nbsp; LAI-00714294, 9.960%, 11/05/2028 †x | LendingPoint | 11/09/2022 | 15220 | 15220 | 15279 |
| &nbsp;&nbsp;&nbsp; LAI-00714298, 8.850%, 11/05/2027 †x# | LendingPoint | 11/09/2022 | 17946 | 17946 | 2626 |
| &nbsp;&nbsp;&nbsp; LAI-00714346, 16.230%, 5/05/2029 †x# | LendingPoint | 11/09/2022 | 9455 | 9455 | 8838 |
| &nbsp;&nbsp;&nbsp; LAI-00714361, 31.320%, 11/16/2026 †x | LendingPoint | 11/10/2022 | 1987 | 1987 | 2041 |
| &nbsp;&nbsp;&nbsp; LAI-00714373, 23.320%, 11/05/2024 †§x^ | LendingPoint | 11/10/2022 | 13 | 13 |  |
| &nbsp;&nbsp;&nbsp; LAI-00714405, 14.640%, 11/05/2028 †x | LendingPoint | 11/09/2022 | 20071 | 20071 | 20126 |
| &nbsp;&nbsp;&nbsp; LAI-00714421, 25.030%, 12/05/2028 †x | LendingPoint | 11/09/2022 | 19144 | 19144 | 18688 |
| &nbsp;&nbsp;&nbsp; LAI-00714440, 14.330%, 11/05/2028 †x# | LendingPoint | 11/09/2022 | 35469 | 35469 | 34675 |
| &nbsp;&nbsp;&nbsp; LAI-00714497, 0.000%, 11/11/2027 †x | LendingPoint | 11/09/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00714528, 25.740%, 11/06/2024 †§x^ | LendingPoint | 11/10/2022 | 8 | 8 |  |
| &nbsp;&nbsp;&nbsp; LAI-00714549, 29.440%, 11/06/2027 †x | LendingPoint | 11/09/2022 | 2974 | 2974 | 2934 |
| &nbsp;&nbsp;&nbsp; LAI-00714559, 10.850%, 2/25/2029 †x# | LendingPoint | 11/09/2022 | 10702 | 10702 | 2798 |
| &nbsp;&nbsp;&nbsp; LAI-00714602, 19.470%, 11/06/2028 †x | LendingPoint | 11/09/2022 | 7907 | 7907 | 7898 |
| &nbsp;&nbsp;&nbsp; LAI-00714612, 13.820%, 11/06/2027 †x | LendingPoint | 11/10/2022 | 1937 | 1937 | 1928 |
| &nbsp;&nbsp;&nbsp; LAI-00714664, 24.310%, 4/05/2028 †x# | LendingPoint | 11/09/2022 | 10324 | 10324 | 9401 |
| &nbsp;&nbsp;&nbsp; LAI-00714677, 12.380%, 12/06/2028 †x | LendingPoint | 11/09/2022 | 14132 | 14132 | 14134 |
| &nbsp;&nbsp;&nbsp; LAI-00714694, 13.610%, 11/06/2024 †§x#^ | LendingPoint | 11/10/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00714743, 10.250%, 2/28/2026 †x^ | LendingPoint | 11/09/2022 | 3382 | 3382 | 2851 |
| &nbsp;&nbsp;&nbsp; LAI-00714782, 24.490%, 2/09/2028 †x | LendingPoint | 11/09/2022 | 8318 | 8318 | 8432 |
| &nbsp;&nbsp;&nbsp; LAI-00714799, 9.530%, 3/07/2028 †x | LendingPoint | 11/09/2022 | 10494 | 10494 | 10281 |
| &nbsp;&nbsp;&nbsp; LAI-00714837, 12.170%, 11/07/2027 †x# | LendingPoint | 11/09/2022 | 7657 | 7657 | 723 |
| &nbsp;&nbsp;&nbsp; LAI-00714948, 21.640%, 12/25/2026 †x | LendingPoint | 11/10/2022 | 8847 | 8847 | 8843 |
| &nbsp;&nbsp;&nbsp; LAI-00714960, 9.820%, 11/08/2027 †x | LendingPoint | 11/10/2022 | 8634 | 8634 | 8536 |
| &nbsp;&nbsp;&nbsp; LAI-00714971, 30.410%, 11/08/2027 †x | LendingPoint | 11/10/2022 | 3976 | 3976 | 4022 |
| &nbsp;&nbsp;&nbsp; LAI-00714993, 10.550%, 11/08/2027 †x | LendingPoint | 11/10/2022 | 9240 | 9240 | 9244 |
| &nbsp;&nbsp;&nbsp; LAI-00715009, 23.060%, 11/08/2026 †§x | LendingPoint | 11/10/2022 | 1911 | 1911 | 1935 |
| &nbsp;&nbsp;&nbsp; LAI-00715027, 19.770%, 11/08/2027 †x | LendingPoint | 11/10/2022 | 7483 | 7483 | 7447 |
| &nbsp;&nbsp;&nbsp; LAI-00715060, 16.120%, 11/08/2027 †x | LendingPoint | 11/10/2022 | 7851 | 7851 | 7819 |
| &nbsp;&nbsp;&nbsp; LAI-00715123, 26.660%, 11/08/2027 †x | LendingPoint | 11/10/2022 | 3649 | 3649 | 3636 |
| &nbsp;&nbsp;&nbsp; LAI-00715189, 16.960%, 7/30/2030 †x# | LendingPoint | 11/10/2022 | 26089 | 26089 | 5094 |
| &nbsp;&nbsp;&nbsp; LAI-00715216, 9.040%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 8852 | 8852 | 8827 |
| &nbsp;&nbsp;&nbsp; LAI-00715232, 24.310%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 5337 | 5337 | 5324 |
| &nbsp;&nbsp;&nbsp; LAI-00715238, 0.000%, 11/08/2024 †x^ | LendingPoint | 11/14/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00715287, 21.650%, 5/16/2029 †x | LendingPoint | 11/14/2022 | 16002 | 16002 | 15429 |
| &nbsp;&nbsp;&nbsp; LAI-00715304, 10.220%, 11/08/2025 †x#^ | LendingPoint | 11/14/2022 | 538 | 538 | 51 |
| &nbsp;&nbsp;&nbsp; LAI-00715313, 10.460%, 11/08/2028 †x | LendingPoint | 11/14/2022 | 26714 | 26714 | 26776 |
| &nbsp;&nbsp;&nbsp; LAI-00715325, 23.600%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 2088 | 2088 | 2056 |
| &nbsp;&nbsp;&nbsp; LAI-00715382, 14.750%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 12205 | 12205 | 12160 |
| &nbsp;&nbsp;&nbsp; LAI-00715438, 19.220%, 11/08/2026 †§x | LendingPoint | 11/14/2022 | 2678 | 2678 | 2692 |
| &nbsp;&nbsp;&nbsp; LAI-00715461, 20.390%, 11/08/2027 †x# | LendingPoint | 11/14/2022 | 7345 | 7345 | 1307 |
| &nbsp;&nbsp;&nbsp; LAI-00715469, 23.040%, 3/31/2026 †x | LendingPoint | 11/14/2022 | 8287 | 8287 | 7454 |
| &nbsp;&nbsp;&nbsp; LAI-00715473, 12.460%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 1580 | 1580 | 1582 |
| &nbsp;&nbsp;&nbsp; LAI-00715547, 14.010%, 11/08/2028 †x | LendingPoint | 11/14/2022 | 4926 | 4926 | 4933 |
| &nbsp;&nbsp;&nbsp; LAI-00715556, 18.390%, 11/08/2026 †§x | LendingPoint | 11/14/2022 | 1730 | 1730 | 1745 |
| &nbsp;&nbsp;&nbsp; LAI-00715561, 14.530%, 3/23/2029 †x | LendingPoint | 11/14/2022 | 13199 | 13199 | 13134 |
| &nbsp;&nbsp;&nbsp; LAI-00715622, 0.000%, 11/08/2025 †x^ | LendingPoint | 11/14/2022 | 14 | 14 | 14 |
| &nbsp;&nbsp;&nbsp; LAI-00715624, 12.160%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 4459 | 4459 | 4444 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6271** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00715633, 17.080%, 11/08/2027 †x | LendingPoint | 11/14/2022 | $2293 | $2293 | $2253 |
| &nbsp;&nbsp;&nbsp; LAI-00715742, 22.370%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 5127 | 5127 | 5114 |
| &nbsp;&nbsp;&nbsp; LAI-00715768, 16.960%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 2653 | 2653 | 2613 |
| &nbsp;&nbsp;&nbsp; LAI-00715772, 28.730%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 1936 | 1936 | 1928 |
| &nbsp;&nbsp;&nbsp; LAI-00715778, 15.380%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 7411 | 7411 | 7349 |
| &nbsp;&nbsp;&nbsp; LAI-00715783, 29.420%, 11/08/2026 †§x | LendingPoint | 11/14/2022 | 5 | 5 |  |
| &nbsp;&nbsp;&nbsp; LAI-00715819, 12.160%, 11/08/2027 †x | LendingPoint | 11/14/2022 | 13376 | 13376 | 13332 |
| &nbsp;&nbsp;&nbsp; LAI-00715822, 23.880%, 11/08/2027 †§x | LendingPoint | 11/14/2022 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; LAI-00715837, 14.650%, 12/15/2027 †x | LendingPoint | 11/14/2022 | 2346 | 2346 | 2343 |
| &nbsp;&nbsp;&nbsp; LAI-00715860, 9.530%, 11/08/2028 †x | LendingPoint | 11/14/2022 | 8132 | 8132 | 8123 |
| &nbsp;&nbsp;&nbsp; LAI-00715883, 14.900%, 11/09/2027 †x | LendingPoint | 11/14/2022 | 2187 | 2187 | 2179 |
| &nbsp;&nbsp;&nbsp; LAI-00715920, 11.910%, 2/27/2026 †x#^ | LendingPoint | 11/14/2022 | 10443 | 10443 | 8838 |
| &nbsp;&nbsp;&nbsp; LAI-00716017, 9.530%, 11/09/2027 †x | LendingPoint | 11/14/2022 | 2599 | 2599 | 2592 |
| &nbsp;&nbsp;&nbsp; LAI-00716094, 15.730%, 5/09/2028 †x | LendingPoint | 11/14/2022 | 18359 | 18359 | 17787 |
| &nbsp;&nbsp;&nbsp; LAI-00717763, 22.130%, 11/11/2027 †x | LendingPoint | 11/17/2022 | 8237 | 8237 | 8228 |
| &nbsp;&nbsp;&nbsp; LAI-00717796, 16.240%, 3/11/2028 †x# | LendingPoint | 11/17/2022 | 19489 | 19489 | 1840 |
| &nbsp;&nbsp;&nbsp; LAI-00717878, 31.820%, 11/11/2026 †§x | LendingPoint | 11/17/2022 | 608 | 608 | 629 |
| &nbsp;&nbsp;&nbsp; LAI-00718072, 29.380%, 11/11/2026 †§x | LendingPoint | 11/17/2022 | 1942 | 1942 | 1993 |
| &nbsp;&nbsp;&nbsp; LAI-00718111, 9.520%, 11/11/2027 †x | LendingPoint | 11/17/2022 | 10709 | 10709 | 10653 |
| &nbsp;&nbsp;&nbsp; LAI-00718233, 10.500%, 11/16/2027 †x | LendingPoint | 11/17/2022 | 3055 | 3055 | 3013 |
| &nbsp;&nbsp;&nbsp; LAI-00718250, 19.700%, 11/11/2027 †x | LendingPoint | 11/17/2022 | 2309 | 2309 | 2316 |
| &nbsp;&nbsp;&nbsp; LAI-00718272, 13.490%, 11/11/2028 †x# | LendingPoint | 11/17/2022 | 16320 | 16320 | 16385 |
| &nbsp;&nbsp;&nbsp; LAI-00718282, 16.270%, 11/11/2027 †x | LendingPoint | 11/17/2022 | 1859 | 1859 | 1846 |
| &nbsp;&nbsp;&nbsp; LAI-00718300, 22.390%, 11/11/2027 †x | LendingPoint | 11/17/2022 | 3033 | 3033 | 3005 |
| &nbsp;&nbsp;&nbsp; LAI-00718318, 14.830%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 4842 | 4842 | 4846 |
| &nbsp;&nbsp;&nbsp; LAI-00718328, 16.240%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 4612 | 4612 | 4565 |
| &nbsp;&nbsp;&nbsp; LAI-00718355, 9.710%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 12897 | 12897 | 12921 |
| &nbsp;&nbsp;&nbsp; LAI-00718356, 12.170%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 4617 | 4617 | 4591 |
| &nbsp;&nbsp;&nbsp; LAI-00718435, 15.780%, 7/14/2030 †x# | LendingPoint | 11/17/2022 | 32382 | 32382 | 5426 |
| &nbsp;&nbsp;&nbsp; LAI-00718527, 12.590%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 2461 | 2461 | 2447 |
| &nbsp;&nbsp;&nbsp; LAI-00718538, 18.390%, 11/12/2026 †§x | LendingPoint | 11/17/2022 | 981 | 981 | 996 |
| &nbsp;&nbsp;&nbsp; LAI-00718539, 29.440%, 1/25/2028 †x# | LendingPoint | 11/17/2022 | 5749 | 5749 | 5696 |
| &nbsp;&nbsp;&nbsp; LAI-00718606, 15.280%, 11/12/2026 †x | LendingPoint | 11/17/2022 | 3716 | 3716 | 3775 |
| &nbsp;&nbsp;&nbsp; LAI-00718619, 28.430%, 11/12/2026 †§x | LendingPoint | 11/17/2022 | 2218 | 2218 | 2300 |
| &nbsp;&nbsp;&nbsp; LAI-00718631, 21.380%, 11/12/2028 †x# | LendingPoint | 11/17/2022 | 13234 | 13234 | 3598 |
| &nbsp;&nbsp;&nbsp; LAI-00718686, 14.800%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 11554 | 11554 | 11469 |
| &nbsp;&nbsp;&nbsp; LAI-00718762, 0.000%, 11/12/2025 †x^ | LendingPoint | 11/17/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00718769, 9.530%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 6068 | 6068 | 6039 |
| &nbsp;&nbsp;&nbsp; LAI-00718855, 18.500%, 11/12/2027 †x | LendingPoint | 11/17/2022 | 6584 | 6584 | 6565 |
| &nbsp;&nbsp;&nbsp; LAI-00718910, 9.820%, 2/12/2029 †x# | LendingPoint | 11/17/2022 | 13175 | 13175 | 13061 |
| &nbsp;&nbsp;&nbsp; LAI-00718959, 11.910%, 11/17/2027 †x | LendingPoint | 11/17/2022 | 7134 | 7134 | 7102 |
| &nbsp;&nbsp;&nbsp; LAI-00718961, 14.820%, 11/12/2025 †x^ | LendingPoint | 11/17/2022 | 240 | 240 | 243 |
| &nbsp;&nbsp;&nbsp; LAI-00719040, 11.910%, 11/13/2027 †x# | LendingPoint | 11/17/2022 | 11142 | 11142 | 1052 |
| &nbsp;&nbsp;&nbsp; LAI-00719163, 26.560%, 11/13/2027 †x# | LendingPoint | 11/17/2022 | 8120 | 8120 | 8216 |
| &nbsp;&nbsp;&nbsp; LAI-00719164, 29.950%, 11/13/2027 †x# | LendingPoint | 11/17/2022 | 5863 | 5863 | 5801 |
| &nbsp;&nbsp;&nbsp; LAI-00719212, 30.910%, 1/28/2028 †x# | LendingPoint | 11/17/2022 | 2478 | 2478 | 2469 |
| &nbsp;&nbsp;&nbsp; LAI-00719272, 14.800%, 11/13/2027 †x# | LendingPoint | 11/17/2022 | 6097 | 6097 | 6062 |
| &nbsp;&nbsp;&nbsp; LAI-00719291, 27.930%, 11/14/2026 †§x | LendingPoint | 11/17/2022 | 2240 | 2240 | 2310 |
| &nbsp;&nbsp;&nbsp; LAI-00719335, 22.130%, 3/30/2027 †x | LendingPoint | 11/17/2022 | 3040 | 3040 | 2940 |
| &nbsp;&nbsp;&nbsp; LAI-00719346, 11.910%, 11/14/2027 †x | LendingPoint | 11/17/2022 | 4221 | 4221 | 4215 |
| &nbsp;&nbsp;&nbsp; LAI-00719354, 10.930%, 12/20/2027 †x | LendingPoint | 11/17/2022 | 6591 | 6591 | 6594 |
| &nbsp;&nbsp;&nbsp; LAI-00719401, 16.760%, 11/14/2027 †x | LendingPoint | 11/17/2022 | 10914 | 10914 | 10794 |
| &nbsp;&nbsp;&nbsp; LAI-00719421, 12.170%, 11/14/2027 †x | LendingPoint | 11/17/2022 | 2945 | 2945 | 2916 |
| &nbsp;&nbsp;&nbsp; LAI-00719439, 9.820%, 11/14/2027 †x | LendingPoint | 11/17/2022 | 5290 | 5290 | 5241 |
| &nbsp;&nbsp;&nbsp; LAI-00719442, 29.400%, 11/14/2026 †§x | LendingPoint | 11/17/2022 | 2136 | 2136 | 2202 |
| &nbsp;&nbsp;&nbsp; LAI-00719460, 12.160%, 11/14/2027 †x | LendingPoint | 11/17/2022 | 8917 | 8917 | 8903 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6272** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00719495, 14.900%, 11/14/2027 †x# | LendingPoint | 11/17/2022 | $9576 | $9576 | $2878 |
| &nbsp;&nbsp;&nbsp; LAI-00719527, 10.800%, 11/15/2027 †x | LendingPoint | 11/17/2022 | 10905 | 10905 | 10936 |
| &nbsp;&nbsp;&nbsp; LAI-00719533, 9.530%, 11/15/2027 †x | LendingPoint | 11/17/2022 | 7503 | 7503 | 7497 |
| &nbsp;&nbsp;&nbsp; LAI-00719542, 11.180%, 11/15/2027 †x | LendingPoint | 11/17/2022 | 13208 | 13208 | 13194 |
| &nbsp;&nbsp;&nbsp; LAI-00719547, 16.120%, 11/15/2027 †x | LendingPoint | 11/17/2022 | 9039 | 9039 | 9021 |
| &nbsp;&nbsp;&nbsp; LAI-00719585, 16.120%, 11/15/2027 †x | LendingPoint | 11/17/2022 | 5184 | 5184 | 5174 |
| &nbsp;&nbsp;&nbsp; LAI-00719591, 9.040%, 11/15/2027 †x | LendingPoint | 11/17/2022 | 6645 | 6645 | 6641 |
| &nbsp;&nbsp;&nbsp; LAI-00719627, 11.480%, 11/15/2027 †x | LendingPoint | 11/17/2022 | 1891 | 1891 | 1890 |
| &nbsp;&nbsp;&nbsp; LAI-00719794, 30.910%, 2/22/2028 †x | LendingPoint | 11/18/2022 | 3489 | 3489 | 3393 |
| &nbsp;&nbsp;&nbsp; LAI-00719795, 11.630%, 11/15/2028 †x | LendingPoint | 11/18/2022 | 17589 | 17589 | 17656 |
| &nbsp;&nbsp;&nbsp; LAI-00719803, 29.390%, 11/15/2026 †§x | LendingPoint | 11/18/2022 | 1511 | 1511 | 1559 |
| &nbsp;&nbsp;&nbsp; LAI-00719843, 17.090%, 8/15/2028 †x | LendingPoint | 11/18/2022 | 11896 | 11896 | 11626 |
| &nbsp;&nbsp;&nbsp; LAI-00719844, 25.590%, 12/13/2027 †x | LendingPoint | 11/18/2022 | 13247 | 13247 | 13011 |
| &nbsp;&nbsp;&nbsp; LAI-00719857, 19.640%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 5199 | 5199 | 5131 |
| &nbsp;&nbsp;&nbsp; LAI-00719860, 16.500%, 12/27/2028 †x# | LendingPoint | 11/18/2022 | 18463 | 18463 | 18499 |
| &nbsp;&nbsp;&nbsp; LAI-00719895, 21.130%, 5/29/2029 †x# | LendingPoint | 11/18/2022 | 8373 | 8373 | 8221 |
| &nbsp;&nbsp;&nbsp; LAI-00720042, 10.960%, 11/15/2027 †x# | LendingPoint | 11/18/2022 | 3575 | 3575 | 3658 |
| &nbsp;&nbsp;&nbsp; LAI-00720046, 13.290%, 11/15/2028 †x | LendingPoint | 11/18/2022 | 4917 | 4917 | 4934 |
| &nbsp;&nbsp;&nbsp; LAI-00720048, 25.440%, 11/15/2028 †x | LendingPoint | 11/18/2022 | 22533 | 22533 | 22478 |
| &nbsp;&nbsp;&nbsp; LAI-00720062, 11.220%, 7/29/2026 †x# | LendingPoint | 11/18/2022 | 12920 | 12920 | 12754 |
| &nbsp;&nbsp;&nbsp; LAI-00720114, 13.980%, 11/15/2024 †§x^ | LendingPoint | 11/18/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00720120, 30.360%, 11/15/2026 †§x | LendingPoint | 11/18/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00720124, 10.200%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 4337 | 4337 | 4333 |
| &nbsp;&nbsp;&nbsp; LAI-00720176, 28.820%, 11/15/2026 †x | LendingPoint | 11/18/2022 | 4161 | 4161 | 4295 |
| &nbsp;&nbsp;&nbsp; LAI-00720187, 0.000%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00720192, 22.730%, 11/15/2024 †§x^ | LendingPoint | 11/18/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00720220, 11.020%, 1/25/2028 †x# | LendingPoint | 11/18/2022 | 2077 | 2077 | 2143 |
| &nbsp;&nbsp;&nbsp; LAI-00720228, 21.890%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 2525 | 2525 | 2525 |
| &nbsp;&nbsp;&nbsp; LAI-00720238, 16.210%, 10/01/2030 †x# | LendingPoint | 11/18/2022 | 45166 | 45166 | 44734 |
| &nbsp;&nbsp;&nbsp; LAI-00720263, 12.160%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 5797 | 5797 | 5789 |
| &nbsp;&nbsp;&nbsp; LAI-00720289, 20.850%, 11/15/2026 †x | LendingPoint | 11/18/2022 | 3709 | 3709 | 3787 |
| &nbsp;&nbsp;&nbsp; LAI-00720343, 29.450%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 5086 | 5086 | 5154 |
| &nbsp;&nbsp;&nbsp; LAI-00720354, 14.800%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 2747 | 2747 | 2753 |
| &nbsp;&nbsp;&nbsp; LAI-00720355, 15.320%, 11/30/2026 †x# | LendingPoint | 11/18/2022 | 3982 | 3982 | 3988 |
| &nbsp;&nbsp;&nbsp; LAI-00720374, 12.160%, 10/27/2027 †x# | LendingPoint | 11/18/2022 | 12189 | 12189 | 12013 |
| &nbsp;&nbsp;&nbsp; LAI-00720406, 9.820%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 6103 | 6103 | 6049 |
| &nbsp;&nbsp;&nbsp; LAI-00720417, 21.630%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 5867 | 5867 | 5851 |
| &nbsp;&nbsp;&nbsp; LAI-00720450, 21.650%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 14001 | 14001 | 13836 |
| &nbsp;&nbsp;&nbsp; LAI-00720455, 14.900%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 8735 | 8735 | 8719 |
| &nbsp;&nbsp;&nbsp; LAI-00720475, 9.530%, 11/15/2027 †x | LendingPoint | 11/18/2022 | 4863 | 4863 | 4859 |
| &nbsp;&nbsp;&nbsp; LAI-00720483, 21.150%, 11/15/2026 †§x | LendingPoint | 11/18/2022 | 808 | 808 | 817 |
| &nbsp;&nbsp;&nbsp; LAI-00720516, 27.590%, 11/16/2028 †x# | LendingPoint | 11/18/2022 | 22148 | 22148 | 22478 |
| &nbsp;&nbsp;&nbsp; LAI-00720520, 11.630%, 11/16/2028 †x | LendingPoint | 11/18/2022 | 27166 | 27166 | 27220 |
| &nbsp;&nbsp;&nbsp; LAI-00720540, 29.880%, 11/16/2026 †x# | LendingPoint | 11/18/2022 | 3192 | 3192 | 577 |
| &nbsp;&nbsp;&nbsp; LAI-00720586, 29.440%, 11/16/2026 †§x | LendingPoint | 11/18/2022 | 2138 | 2138 | 2195 |
| &nbsp;&nbsp;&nbsp; LAI-00720649, 15.280%, 11/16/2026 †§x | LendingPoint | 11/18/2022 | 1187 | 1187 | 1201 |
| &nbsp;&nbsp;&nbsp; LAI-00720692, 15.990%, 1/01/2029 †x | LendingPoint | 11/18/2022 | 29610 | 29610 | 29595 |
| &nbsp;&nbsp;&nbsp; LAI-00720758, 29.950%, 11/16/2027 †x | LendingPoint | 11/21/2022 | 4766 | 4766 | 4824 |
| &nbsp;&nbsp;&nbsp; LAI-00720767, 26.430%, 9/05/2029 †x# | LendingPoint | 11/21/2022 | 9307 | 9307 | 879 |
| &nbsp;&nbsp;&nbsp; LAI-00720773, 15.740%, 11/16/2026 †§x | LendingPoint | 11/21/2022 | 1676 | 1676 | 1711 |
| &nbsp;&nbsp;&nbsp; LAI-00720783, 27.850%, 5/16/2027 †x | LendingPoint | 11/21/2022 | 6533 | 6533 | 6674 |
| &nbsp;&nbsp;&nbsp; LAI-00720806, 17.560%, 11/16/2027 †x | LendingPoint | 11/21/2022 | 2912 | 2912 | 2881 |
| &nbsp;&nbsp;&nbsp; LAI-00720811, 22.490%, 11/16/2026 †x# | LendingPoint | 11/21/2022 | 324 | 324 | 324 |
| &nbsp;&nbsp;&nbsp; LAI-00720821, 23.800%, 11/16/2026 †§x | LendingPoint | 11/21/2022 | 2842 | 2842 | 2897 |
| &nbsp;&nbsp;&nbsp; LAI-00720840, 25.260%, 11/16/2024 †§x^ | LendingPoint | 11/21/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00720907, 27.190%, 1/01/2028 †x# | LendingPoint | 11/21/2022 | 11885 | 11885 | 11913 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6273** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00720935, 27.930%, 11/16/2026 †§x | LendingPoint | 11/21/2022 | $90 | $90 | $91 |
| &nbsp;&nbsp;&nbsp; LAI-00720982, 16.580%, 11/16/2027 †x | LendingPoint | 11/21/2022 | 1434 | 1434 | 1420 |
| &nbsp;&nbsp;&nbsp; LAI-00721001, 28.380%, 10/31/2029 †x# | LendingPoint | 11/21/2022 | 9921 | 9921 | 9461 |
| &nbsp;&nbsp;&nbsp; LAI-00721004, 29.950%, 3/16/2028 †x# | LendingPoint | 11/21/2022 | 1927 | 1927 | 1939 |
| &nbsp;&nbsp;&nbsp; LAI-00721019, 30.890%, 11/16/2027 †x# | LendingPoint | 11/21/2022 | 5312 | 5312 | 1684 |
| &nbsp;&nbsp;&nbsp; LAI-00721028, 19.450%, 11/16/2027 †x | LendingPoint | 11/21/2022 | 2838 | 2838 | 2843 |
| &nbsp;&nbsp;&nbsp; LAI-00721151, 18.970%, 11/16/2027 †x# | LendingPoint | 11/21/2022 | 236 | 236 |  |
| &nbsp;&nbsp;&nbsp; LAI-00721175, 0.000%, 11/14/2026 †x# | LendingPoint | 11/21/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00721209, 0.000%, 12/21/2027 †x | LendingPoint | 11/21/2022 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; LAI-00721217, 28.900%, 11/16/2026 †§x | LendingPoint | 11/21/2022 | 850 | 850 | 878 |
| &nbsp;&nbsp;&nbsp; LAI-00721227, 16.290%, 3/16/2029 †x | LendingPoint | 11/21/2022 | 4262 | 4262 | 4209 |
| &nbsp;&nbsp;&nbsp; LAI-00721270, 16.880%, 3/16/2028 †x | LendingPoint | 11/21/2022 | 8147 | 8147 | 7990 |
| &nbsp;&nbsp;&nbsp; LAI-00721281, 23.840%, 9/16/2028 †x | LendingPoint | 11/21/2022 | 12614 | 12614 | 12054 |
| &nbsp;&nbsp;&nbsp; LAI-00721297, 20.090%, 11/16/2027 †x | LendingPoint | 11/21/2022 | 7007 | 7007 | 6991 |
| &nbsp;&nbsp;&nbsp; LAI-00721307, 26.700%, 11/16/2024 †§x^ | LendingPoint | 11/21/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00721314, 29.460%, 9/16/2029 †x | LendingPoint | 11/21/2022 | 2619 | 2619 | 2638 |
| &nbsp;&nbsp;&nbsp; LAI-00721327, 23.040%, 12/16/2027 †x | LendingPoint | 11/21/2022 | 11456 | 11456 | 11611 |
| &nbsp;&nbsp;&nbsp; LAI-00721585, 10.210%, 11/17/2027 †x# | LendingPoint | 11/21/2022 | 7038 | 7038 | 1280 |
| &nbsp;&nbsp;&nbsp; LAI-00722354, 15.320%, 11/18/2026 †§x# | LendingPoint | 11/23/2022 | 1704 | 1704 | 1759 |
| &nbsp;&nbsp;&nbsp; LAI-00722387, 16.880%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 5380 | 5380 | 5329 |
| &nbsp;&nbsp;&nbsp; LAI-00722393, 27.410%, 11/29/2027 †x# | LendingPoint | 11/23/2022 | 8217 | 8217 | 8207 |
| &nbsp;&nbsp;&nbsp; LAI-00722399, 29.950%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 187 | 187 |  |
| &nbsp;&nbsp;&nbsp; LAI-00722415, 25.990%, 11/18/2026 †x# | LendingPoint | 11/23/2022 | 1090 | 1090 | 103 |
| &nbsp;&nbsp;&nbsp; LAI-00722431, 20.180%, 2/18/2028 †x# | LendingPoint | 11/23/2022 | 10844 | 10844 | 10632 |
| &nbsp;&nbsp;&nbsp; LAI-00722439, 16.070%, 5/30/2026 †x# | LendingPoint | 11/23/2022 | 8033 | 8033 | 6895 |
| &nbsp;&nbsp;&nbsp; LAI-00722456, 15.320%, 11/18/2026 †x# | LendingPoint | 11/23/2022 | 2207 | 2207 | 2300 |
| &nbsp;&nbsp;&nbsp; LAI-00722469, 22.990%, 11/18/2026 †§x# | LendingPoint | 11/23/2022 | 788 | 788 | 805 |
| &nbsp;&nbsp;&nbsp; LAI-00722473, 10.500%, 1/15/2028 †x# | LendingPoint | 11/23/2022 | 7597 | 7597 | 7509 |
| &nbsp;&nbsp;&nbsp; LAI-00722556, 14.900%, 3/18/2028 †x# | LendingPoint | 11/23/2022 | 12192 | 12192 | 12113 |
| &nbsp;&nbsp;&nbsp; LAI-00722586, 16.240%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 5664 | 5664 | 5679 |
| &nbsp;&nbsp;&nbsp; LAI-00722610, 27.480%, 8/18/2028 †x# | LendingPoint | 11/23/2022 | 4697 | 4697 | 4694 |
| &nbsp;&nbsp;&nbsp; LAI-00722616, 25.090%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 2547 | 2547 | 2599 |
| &nbsp;&nbsp;&nbsp; LAI-00722646, 29.950%, 3/18/2028 †x# | LendingPoint | 11/23/2022 | 3543 | 3543 | 3516 |
| &nbsp;&nbsp;&nbsp; LAI-00722657, 11.650%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 14171 | 14171 | 14042 |
| &nbsp;&nbsp;&nbsp; LAI-00722665, 26.240%, 11/18/2024 †§x#^ | LendingPoint | 11/23/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00722675, 26.090%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 2159 | 2159 | 2132 |
| &nbsp;&nbsp;&nbsp; LAI-00722677, 16.120%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 9414 | 9414 | 9404 |
| &nbsp;&nbsp;&nbsp; LAI-00722696, 25.460%, 4/18/2028 †x# | LendingPoint | 11/23/2022 | 10319 | 10319 | 10125 |
| &nbsp;&nbsp;&nbsp; LAI-00722704, 29.940%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 1048 | 1048 | 1067 |
| &nbsp;&nbsp;&nbsp; LAI-00722709, 28.900%, 11/18/2026 †§x# | LendingPoint | 11/23/2022 | 758 | 758 | 784 |
| &nbsp;&nbsp;&nbsp; LAI-00722734, 16.380%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 10623 | 10623 | 10524 |
| &nbsp;&nbsp;&nbsp; LAI-00722735, 30.910%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 2117 | 2117 | 2155 |
| &nbsp;&nbsp;&nbsp; LAI-00722749, 24.560%, 11/18/2026 †x# | LendingPoint | 11/23/2022 | 3098 | 3098 | 3207 |
| &nbsp;&nbsp;&nbsp; LAI-00722761, 30.880%, 10/18/2028 †x | LendingPoint | 11/23/2022 | 6672 | 6672 | 6419 |
| &nbsp;&nbsp;&nbsp; LAI-00722790, 26.440%, 7/18/2030 †x# | LendingPoint | 11/23/2022 | 2311 | 2311 | 2160 |
| &nbsp;&nbsp;&nbsp; LAI-00722792, 26.520%, 11/18/2025 †x#^ | LendingPoint | 11/23/2022 | 340 | 340 | 32 |
| &nbsp;&nbsp;&nbsp; LAI-00722840, 26.740%, 11/18/2024 †§x^ | LendingPoint | 11/23/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00722841, 19.850%, 9/18/2028 †x# | LendingPoint | 11/23/2022 | 7024 | 7024 | 6896 |
| &nbsp;&nbsp;&nbsp; LAI-00722856, 29.900%, 11/18/2026 †§x# | LendingPoint | 11/23/2022 | 2295 | 2295 | 2372 |
| &nbsp;&nbsp;&nbsp; LAI-00722857, 18.910%, 1/28/2027 †x | LendingPoint | 11/23/2022 | 24184 | 24184 | 23065 |
| &nbsp;&nbsp;&nbsp; LAI-00722865, 22.490%, 6/18/2027 †x# | LendingPoint | 11/23/2022 | 2137 | 2137 | 2187 |
| &nbsp;&nbsp;&nbsp; LAI-00722871, 9.710%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 11101 | 11101 | 2005 |
| &nbsp;&nbsp;&nbsp; LAI-00722872, 27.230%, 11/18/2026 †x# | LendingPoint | 11/23/2022 | 5048 | 5048 | 5149 |
| &nbsp;&nbsp;&nbsp; LAI-00722873, 16.120%, 11/18/2027 †x# | LendingPoint | 11/23/2022 | 9072 | 9072 | 9061 |
| &nbsp;&nbsp;&nbsp; LAI-00722886, 21.680%, 11/16/2027 †x# | LendingPoint | 11/23/2022 | 4612 | 4612 | 4508 |
| &nbsp;&nbsp;&nbsp; LAI-00722894, 28.930%, 11/18/2026 †x# | LendingPoint | 11/23/2022 | 1430 | 1430 | 577 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6274** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00722944, 28.430%, 11/19/2026 †§x# | LendingPoint | 11/23/2022 | $1359 | $1359 | $1384 |
| &nbsp;&nbsp;&nbsp; LAI-00722964, 23.870%, 11/19/2027 †x# | LendingPoint | 11/23/2022 | 3691 | 3691 | 3696 |
| &nbsp;&nbsp;&nbsp; LAI-00722994, 30.860%, 10/23/2026 †x | LendingPoint | 11/23/2022 | 2341 | 2341 | 2420 |
| &nbsp;&nbsp;&nbsp; LAI-00723005, 26.990%, 11/19/2026 †§x# | LendingPoint | 11/23/2022 | 2979 | 2979 | 3056 |
| &nbsp;&nbsp;&nbsp; LAI-00723044, 29.610%, 11/19/2027 †x# | LendingPoint | 11/23/2022 | 11665 | 11665 | 11835 |
| &nbsp;&nbsp;&nbsp; LAI-00723052, 24.450%, 11/19/2026 †§x# | LendingPoint | 11/23/2022 | 988 | 988 | 1014 |
| &nbsp;&nbsp;&nbsp; LAI-00723056, 29.900%, 11/19/2026 †§x# | LendingPoint | 11/23/2022 | 1445 | 1445 | 1496 |
| &nbsp;&nbsp;&nbsp; LAI-00723068, 29.390%, 11/19/2026 †x# | LendingPoint | 11/23/2022 | 7205 | 7205 | 1054 |
| &nbsp;&nbsp;&nbsp; LAI-00723075, 0.000%, 11/19/2027 †x | LendingPoint | 11/23/2022 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; LAI-00723082, 31.860%, 11/19/2027 †x# | LendingPoint | 11/23/2022 | 4600 | 4600 | 4686 |
| &nbsp;&nbsp;&nbsp; LAI-00723091, 28.020%, 11/19/2027 †x | LendingPoint | 11/23/2022 | 4424 | 4424 | 4490 |
| &nbsp;&nbsp;&nbsp; LAI-00724382, 16.240%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 4712 | 4712 | 4732 |
| &nbsp;&nbsp;&nbsp; LAI-00724421, 16.970%, 11/22/2026 †x | LendingPoint | 11/25/2022 | 897 | 897 | 932 |
| &nbsp;&nbsp;&nbsp; LAI-00724430, 21.680%, 3/26/2026 †x | LendingPoint | 11/25/2022 | 13709 | 13709 | 11847 |
| &nbsp;&nbsp;&nbsp; LAI-00724432, 13.140%, 12/30/2027 †x# | LendingPoint | 11/25/2022 | 3615 | 3615 | 3512 |
| &nbsp;&nbsp;&nbsp; LAI-00724529, 29.340%, 5/05/2028 †x# | LendingPoint | 11/25/2022 | 11409 | 11409 | 10955 |
| &nbsp;&nbsp;&nbsp; LAI-00724545, 24.780%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 5246 | 5246 | 5108 |
| &nbsp;&nbsp;&nbsp; LAI-00724560, 21.650%, 11/22/2027 †x# | LendingPoint | 11/25/2022 | 8720 | 8720 | 8612 |
| &nbsp;&nbsp;&nbsp; LAI-00724595, 30.440%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 4597 | 4597 | 4592 |
| &nbsp;&nbsp;&nbsp; LAI-00724607, 0.000%, 11/22/2027 †x# | LendingPoint | 11/25/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00724621, 26.020%, 11/22/2026 †x# | LendingPoint | 11/25/2022 | 2599 | 2599 | 245 |
| &nbsp;&nbsp;&nbsp; LAI-00724674, 15.380%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 6988 | 6988 | 6936 |
| &nbsp;&nbsp;&nbsp; LAI-00724679, 22.820%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 18912 | 18912 | 18619 |
| &nbsp;&nbsp;&nbsp; LAI-00724689, 30.360%, 11/22/2026 †§x | LendingPoint | 11/25/2022 | 2025 | 2025 | 2099 |
| &nbsp;&nbsp;&nbsp; LAI-00724721, 32.200%, 11/03/2027 †x | LendingPoint | 11/25/2022 | 4537 | 4537 | 4554 |
| &nbsp;&nbsp;&nbsp; LAI-00724746, 29.890%, 11/22/2026 †§x# | LendingPoint | 11/25/2022 | 122 | 122 |  |
| &nbsp;&nbsp;&nbsp; LAI-00724794, 29.400%, 11/22/2026 †§x | LendingPoint | 11/25/2022 | 124 | 124 |  |
| &nbsp;&nbsp;&nbsp; LAI-00724799, 29.400%, 11/22/2026 †§x | LendingPoint | 11/25/2022 | 1096 | 1096 | 1135 |
| &nbsp;&nbsp;&nbsp; LAI-00724802, 17.120%, 12/31/2027 †x# | LendingPoint | 11/25/2022 | 4862 | 4862 | 4818 |
| &nbsp;&nbsp;&nbsp; LAI-00724807, 31.450%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 923 | 923 | 911 |
| &nbsp;&nbsp;&nbsp; LAI-00724849, 26.490%, 8/30/2027 †x | LendingPoint | 11/25/2022 | 1049 | 1049 | 1016 |
| &nbsp;&nbsp;&nbsp; LAI-00724872, 12.990%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 6016 | 6016 | 6020 |
| &nbsp;&nbsp;&nbsp; LAI-00724890, 20.770%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 2773 | 2773 | 2771 |
| &nbsp;&nbsp;&nbsp; LAI-00724915, 16.240%, 11/22/2027 †x# | LendingPoint | 11/25/2022 | 4725 | 4725 | 4745 |
| &nbsp;&nbsp;&nbsp; LAI-00724932, 14.970%, 9/20/2026 †x# | LendingPoint | 11/25/2022 | 2248 | 2248 | 1255 |
| &nbsp;&nbsp;&nbsp; LAI-00724936, 16.620%, 11/22/2025 †x#^ | LendingPoint | 11/25/2022 | 342 | 342 | 156 |
| &nbsp;&nbsp;&nbsp; LAI-00724945, 26.990%, 11/22/2026 †x | LendingPoint | 11/25/2022 | 968 | 968 | 994 |
| &nbsp;&nbsp;&nbsp; LAI-00724958, 28.760%, 1/25/2028 †x# | LendingPoint | 11/25/2022 | 5369 | 5369 | 1157 |
| &nbsp;&nbsp;&nbsp; LAI-00724986, 21.690%, 11/22/2027 †x | LendingPoint | 11/25/2022 | 1333 | 1333 | 1366 |
| &nbsp;&nbsp;&nbsp; LAI-00725042, 22.990%, 11/22/2025 †x#^ | LendingPoint | 11/25/2022 | 496 | 496 | 171 |
| &nbsp;&nbsp;&nbsp; LAI-00725078, 21.640%, 11/23/2027 †x | LendingPoint | 11/25/2022 | 6553 | 6553 | 6709 |
| &nbsp;&nbsp;&nbsp; LAI-00725150, 13.820%, 11/23/2027 †x | LendingPoint | 11/25/2022 | 6336 | 6336 | 6342 |
| &nbsp;&nbsp;&nbsp; LAI-00725164, 0.000%, 11/23/2026 †x# | LendingPoint | 11/25/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00725197, 31.410%, 11/23/2027 †x | LendingPoint | 11/25/2022 | 1069 | 1069 | 1092 |
| &nbsp;&nbsp;&nbsp; LAI-00725204, 30.360%, 12/31/2027 †x# | LendingPoint | 11/25/2022 | 7307 | 7307 | 3412 |
| &nbsp;&nbsp;&nbsp; LAI-00725205, 28.090%, 11/23/2027 †x | LendingPoint | 11/25/2022 | 1141 | 1141 | 1139 |
| &nbsp;&nbsp;&nbsp; LAI-00725215, 19.470%, 11/23/2026 †x# | LendingPoint | 11/25/2022 | 4308 | 4308 | 1731 |
| &nbsp;&nbsp;&nbsp; LAI-00725219, 19.640%, 11/23/2024 †§x^ | LendingPoint | 11/25/2022 | 264 | 264 |  |
| &nbsp;&nbsp;&nbsp; LAI-00725248, 29.980%, 11/23/2025 †x#^ | LendingPoint | 11/25/2022 | 178 | 178 | 84 |
| &nbsp;&nbsp;&nbsp; LAI-00725265, 31.450%, 11/23/2027 †x | LendingPoint | 11/25/2022 | 1757 | 1757 | 1785 |
| &nbsp;&nbsp;&nbsp; LAI-00726098, 0.000%, 11/24/2025 †x^ | LendingPoint | 11/30/2022 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00726099, 31.500%, 11/24/2026 †§x | LendingPoint | 11/30/2022 | 1268 | 1268 | 1310 |
| &nbsp;&nbsp;&nbsp; LAI-00726101, 28.020%, 4/30/2028 †x# | LendingPoint | 11/30/2022 | 8156 | 8156 | 1193 |
| &nbsp;&nbsp;&nbsp; LAI-00726117, 15.900%, 11/24/2027 †x | LendingPoint | 11/30/2022 | 6558 | 6558 | 6586 |
| &nbsp;&nbsp;&nbsp; LAI-00726133, 31.410%, 11/24/2027 †x | LendingPoint | 11/30/2022 | 4541 | 4541 | 4673 |
| &nbsp;&nbsp;&nbsp; LAI-00726152, 28.950%, 11/24/2026 †x# | LendingPoint | 11/30/2022 | 1895 | 1895 | 760 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6275** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00726226, 15.570%, 11/24/2026 †x | LendingPoint | 11/30/2022 | $3871 | $3871 | $3972 |
| &nbsp;&nbsp;&nbsp; LAI-00726231, 29.900%, 11/24/2026 †§x | LendingPoint | 11/30/2022 | 712 | 712 | 744 |
| &nbsp;&nbsp;&nbsp; LAI-00726248, 25.380%, 11/24/2027 †x | LendingPoint | 11/30/2022 | 7370 | 7370 | 7604 |
| &nbsp;&nbsp;&nbsp; LAI-00726294, 23.600%, 3/24/2028 †x | LendingPoint | 11/30/2022 | 12857 | 12857 | 12514 |
| &nbsp;&nbsp;&nbsp; LAI-00726295, 29.400%, 11/24/2026 †§x | LendingPoint | 11/30/2022 | 1832 | 1832 | 1902 |
| &nbsp;&nbsp;&nbsp; LAI-00726304, 28.430%, 11/24/2026 †§x | LendingPoint | 11/30/2022 | 1968 | 1968 | 2044 |
| &nbsp;&nbsp;&nbsp; LAI-00726319, 15.380%, 7/08/2029 †x# | LendingPoint | 11/30/2022 | 23361 | 23361 | 5670 |
| &nbsp;&nbsp;&nbsp; LAI-00726351, 0.000%, 11/24/2027 †x# | LendingPoint | 11/30/2022 | 5460 | 5460 |  |
| &nbsp;&nbsp;&nbsp; LAI-00726377, 23.040%, 11/24/2027 †x | LendingPoint | 11/30/2022 | 9524 | 9524 | 9752 |
| &nbsp;&nbsp;&nbsp; LAI-00726382, 26.490%, 11/24/2026 †§x | LendingPoint | 11/30/2022 | 585 | 585 | 606 |
| &nbsp;&nbsp;&nbsp; LAI-00726390, 31.390%, 11/24/2027 †x | LendingPoint | 11/30/2022 | 4545 | 4545 | 4678 |
| &nbsp;&nbsp;&nbsp; LAI-00726403, 22.490%, 11/24/2026 †§x | LendingPoint | 11/30/2022 | 1302 | 1302 | 1362 |
| &nbsp;&nbsp;&nbsp; LAI-00726404, 28.930%, 11/24/2026 †x# | LendingPoint | 11/30/2022 | 2915 | 2915 | 777 |
| &nbsp;&nbsp;&nbsp; LAI-00726418, 26.560%, 12/27/2027 †x# | LendingPoint | 11/30/2022 | 2277 | 2277 | 2278 |
| &nbsp;&nbsp;&nbsp; LAI-00726457, 18.410%, 12/24/2027 †x | LendingPoint | 11/30/2022 | 328 | 8252 | 331 |
| &nbsp;&nbsp;&nbsp; LAI-00726474, 18.590%, 11/24/2027 †x | LendingPoint | 11/30/2022 | 12237 | 12237 | 12282 |
| &nbsp;&nbsp;&nbsp; LAI-00726516, 16.240%, 11/25/2027 †x | LendingPoint | 11/30/2022 | 7635 | 7635 | 7584 |
| &nbsp;&nbsp;&nbsp; LAI-00726548, 24.730%, 11/25/2024 †§x^ | LendingPoint | 11/30/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00726555, 0.000%, 11/24/2025 †x^ | LendingPoint | 11/30/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00726579, 6.000%, 2/26/2028 †x# | LendingPoint | 11/30/2022 | 1587 | 1587 | 1582 |
| &nbsp;&nbsp;&nbsp; LAI-00726584, 18.960%, 11/26/2027 †x | LendingPoint | 11/30/2022 | 9846 | 9846 | 9900 |
| &nbsp;&nbsp;&nbsp; LAI-00726596, 25.500%, 8/26/2027 †x# | LendingPoint | 11/30/2022 | 11191 | 11191 | 1056 |
| &nbsp;&nbsp;&nbsp; LAI-00726609, 31.390%, 11/26/2027 †x# | LendingPoint | 11/30/2022 | 4574 | 4574 | 4683 |
| &nbsp;&nbsp;&nbsp; LAI-00726611, 24.320%, 11/26/2024 †§x^ | LendingPoint | 11/30/2022 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00726660, 23.340%, 11/26/2024 †§x^ | LendingPoint | 11/30/2022 | 45 | 45 |  |
| &nbsp;&nbsp;&nbsp; LAI-00726666, 0.000%, 11/26/2026 †x | LendingPoint | 11/30/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00727871, 26.230%, 11/27/2024 †§x^ | LendingPoint | 12/02/2022 | 6 | 6 |  |
| &nbsp;&nbsp;&nbsp; LAI-00727875, 16.270%, 11/19/2028 †x# | LendingPoint | 12/02/2022 | 5027 | 5027 | 4853 |
| &nbsp;&nbsp;&nbsp; LAI-00727920, 24.130%, 11/29/2027 †x# | LendingPoint | 12/02/2022 | 7899 | 7899 | 7919 |
| &nbsp;&nbsp;&nbsp; LAI-00727941, 23.570%, 12/29/2027 †x# | LendingPoint | 12/02/2022 | 4343 | 4343 | 4350 |
| &nbsp;&nbsp;&nbsp; LAI-00727963, 29.990%, 1/29/2028 †x# | LendingPoint | 12/02/2022 | 12992 | 12992 | 5980 |
| &nbsp;&nbsp;&nbsp; LAI-00727970, 29.610%, 11/29/2026 †§x# | LendingPoint | 12/02/2022 | 1375 | 1375 | 1385 |
| &nbsp;&nbsp;&nbsp; LAI-00728006, 0.000%, 11/29/2026 †x | LendingPoint | 12/02/2022 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00728095, 32.250%, 11/29/2027 †x | LendingPoint | 12/02/2022 | 4186 | 4186 | 4190 |
| &nbsp;&nbsp;&nbsp; LAI-00728128, 12.880%, 11/29/2027 †x# | LendingPoint | 12/02/2022 | 9334 | 9334 | 9270 |
| &nbsp;&nbsp;&nbsp; LAI-00728136, 6.000%, 2/29/2028 †x# | LendingPoint | 12/02/2022 | 2576 | 2466 | 2432 |
| &nbsp;&nbsp;&nbsp; LAI-00728153, 16.960%, 11/04/2027 †x# | LendingPoint | 12/02/2022 | 18937 | 18937 | 18614 |
| &nbsp;&nbsp;&nbsp; LAI-00728171, 29.890%, 11/29/2026 †§x# | LendingPoint | 12/02/2022 | 860 | 860 | 875 |
| &nbsp;&nbsp;&nbsp; LAI-00728241, 30.940%, 12/15/2029 †x | LendingPoint | 12/02/2022 | 20672 | 20672 | 19532 |
| &nbsp;&nbsp;&nbsp; LAI-00728282, 12.170%, 12/31/2026 †x# | LendingPoint | 12/02/2022 | 15006 | 15006 | 14572 |
| &nbsp;&nbsp;&nbsp; LAI-00728301, 20.180%, 11/29/2027 †x# | LendingPoint | 12/02/2022 | 7389 | 7389 | 3326 |
| &nbsp;&nbsp;&nbsp; LAI-00728376, 0.000%, 11/29/2024 †x#^ | LendingPoint | 12/02/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00728398, 32.780%, 11/29/2027 †x# | LendingPoint | 12/02/2022 | 792 | 792 | 143 |
| &nbsp;&nbsp;&nbsp; LAI-00728457, 31.840%, 11/29/2027 †x# | LendingPoint | 12/02/2022 | 1974 | 1974 | 1984 |
| &nbsp;&nbsp;&nbsp; LAI-00728468, 31.420%, 2/15/2028 †x | LendingPoint | 12/02/2022 | 3685 | 3685 | 3623 |
| &nbsp;&nbsp;&nbsp; LAI-00728472, 22.180%, 11/29/2027 †x# | LendingPoint | 12/02/2022 | 7819 | 7819 | 7647 |
| &nbsp;&nbsp;&nbsp; LAI-00728533, 20.450%, 11/29/2027 †x# | LendingPoint | 12/02/2022 | 7972 | 7972 | 7908 |
| &nbsp;&nbsp;&nbsp; LAI-00728560, 25.760%, 12/06/2024 †x^ | LendingPoint | 12/02/2022 | 152 | 152 |  |
| &nbsp;&nbsp;&nbsp; LAI-00728615, 29.540%, 11/30/2025 †§x^ | LendingPoint | 12/02/2022 | 50 | 50 | 27 |
| &nbsp;&nbsp;&nbsp; LAI-00728658, 17.120%, 11/30/2027 †x# | LendingPoint | 12/02/2022 | 7228 | 7228 | 7161 |
| &nbsp;&nbsp;&nbsp; LAI-00728672, 20.700%, 11/30/2027 †x# | LendingPoint | 12/02/2022 | 5545 | 5545 | 5501 |
| &nbsp;&nbsp;&nbsp; LAI-00728688, 31.450%, 12/31/2027 †x# | LendingPoint | 12/02/2022 | 2406 | 2406 | 2405 |
| &nbsp;&nbsp;&nbsp; LAI-00728692, 10.210%, 11/30/2027 †x# | LendingPoint | 12/02/2022 | 3275 | 3275 | 3258 |
| &nbsp;&nbsp;&nbsp; LAI-00728693, 28.060%, 11/30/2024 †§x^ | LendingPoint | 12/02/2022 | 464 | 464 |  |
| &nbsp;&nbsp;&nbsp; LAI-00728754, 12.880%, 12/13/2027 †x# | LendingPoint | 12/02/2022 | 15754 | 15754 | 15621 |
| &nbsp;&nbsp;&nbsp; LAI-00728798, 27.710%, 11/30/2024 †§x^ | LendingPoint | 12/02/2022 | 2 | 2 | 2 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6276** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00728809, 0.000%, 11/30/2026 †x# | LendingPoint | 12/02/2022 | $2 | $2 | $2 |
| &nbsp;&nbsp;&nbsp; LAI-00728832, 28.420%, 11/30/2026 †x# | LendingPoint | 12/05/2022 | 3007 | 3007 | 3059 |
| &nbsp;&nbsp;&nbsp; LAI-00728860, 26.990%, 11/30/2026 †§x# | LendingPoint | 12/05/2022 | 1183 | 1183 | 1194 |
| &nbsp;&nbsp;&nbsp; LAI-00728870, 31.380%, 11/30/2029 †x# | LendingPoint | 12/05/2022 | 2819 | 2819 | 2669 |
| &nbsp;&nbsp;&nbsp; LAI-00728872, 29.890%, 1/15/2027 †x | LendingPoint | 12/05/2022 | 2398 | 2398 | 2482 |
| &nbsp;&nbsp;&nbsp; LAI-00728933, 22.770%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 15328 | 15328 | 15186 |
| &nbsp;&nbsp;&nbsp; LAI-00728983, 23.990%, 3/30/2027 †x# | LendingPoint | 12/05/2022 | 3533 | 3533 | 3475 |
| &nbsp;&nbsp;&nbsp; LAI-00729056, 12.160%, 11/30/2027 †§x# | LendingPoint | 12/05/2022 | 33 | 33 |  |
| &nbsp;&nbsp;&nbsp; LAI-00729116, 19.470%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 7412 | 7412 | 7355 |
| &nbsp;&nbsp;&nbsp; LAI-00729143, 21.630%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 9034 | 9034 | 9038 |
| &nbsp;&nbsp;&nbsp; LAI-00729146, 12.640%, 11/30/2028 †x# | LendingPoint | 12/05/2022 | 15207 | 15207 | 15175 |
| &nbsp;&nbsp;&nbsp; LAI-00729160, 14.800%, 9/28/2026 †x# | LendingPoint | 12/05/2022 | 9458 | 9458 | 9095 |
| &nbsp;&nbsp;&nbsp; LAI-00729165, 29.400%, 11/15/2026 †§x# | LendingPoint | 12/05/2022 | 764 | 764 | 792 |
| &nbsp;&nbsp;&nbsp; LAI-00729226, 9.040%, 11/30/2026 †§x# | LendingPoint | 12/05/2022 | 1512 | 1512 | 1517 |
| &nbsp;&nbsp;&nbsp; LAI-00729247, 15.640%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 7304 | 7304 | 7240 |
| &nbsp;&nbsp;&nbsp; LAI-00729259, 16.240%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 3766 | 3766 | 3690 |
| &nbsp;&nbsp;&nbsp; LAI-00729296, 29.940%, 2/29/2028 †x# | LendingPoint | 12/05/2022 | 8813 | 8813 | 8650 |
| &nbsp;&nbsp;&nbsp; LAI-00729308, 14.880%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 12438 | 12438 | 12350 |
| &nbsp;&nbsp;&nbsp; LAI-00729310, 29.920%, 12/30/2026 †x# | LendingPoint | 12/05/2022 | 1969 | 1969 | 1919 |
| &nbsp;&nbsp;&nbsp; LAI-00729347, 27.980%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 4333 | 4333 | 4297 |
| &nbsp;&nbsp;&nbsp; LAI-00729351, 10.200%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 867 | 867 | 860 |
| &nbsp;&nbsp;&nbsp; LAI-00729418, 9.530%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 2026 | 2026 | 2010 |
| &nbsp;&nbsp;&nbsp; LAI-00729427, 10.210%, 5/30/2028 †x | LendingPoint | 12/05/2022 | 7265 | 7265 | 7187 |
| &nbsp;&nbsp;&nbsp; LAI-00729432, 23.320%, 11/30/2026 †§x# | LendingPoint | 12/05/2022 | 1128 | 1128 | 1138 |
| &nbsp;&nbsp;&nbsp; LAI-00729442, 27.980%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 1538 | 1538 | 1522 |
| &nbsp;&nbsp;&nbsp; LAI-00729443, 9.040%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 2132 | 2132 | 2116 |
| &nbsp;&nbsp;&nbsp; LAI-00729464, 29.900%, 11/30/2026 †§x# | LendingPoint | 12/05/2022 | 771 | 771 | 785 |
| &nbsp;&nbsp;&nbsp; LAI-00729517, 11.480%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 2082 | 2082 | 2066 |
| &nbsp;&nbsp;&nbsp; LAI-00729529, 20.220%, 11/30/2026 †§x# | LendingPoint | 12/05/2022 | 941 | 941 | 941 |
| &nbsp;&nbsp;&nbsp; LAI-00729540, 23.040%, 1/15/2029 †x | LendingPoint | 12/05/2022 | 13342 | 13342 | 13366 |
| &nbsp;&nbsp;&nbsp; LAI-00729545, 24.340%, 11/30/2026 †x# | LendingPoint | 12/05/2022 | 4343 | 4146 | 391 |
| &nbsp;&nbsp;&nbsp; LAI-00729611, 13.130%, 11/30/2027 †x# | LendingPoint | 12/05/2022 | 11295 | 11295 | 11200 |
| &nbsp;&nbsp;&nbsp; LAI-00729646, 12.160%, 11/30/2027 †x | LendingPoint | 12/05/2022 | 3345 | 3345 | 3317 |
| &nbsp;&nbsp;&nbsp; LAI-00729683, 30.450%, 11/30/2027 †x | LendingPoint | 12/05/2022 | 4287 | 4287 | 4287 |
| &nbsp;&nbsp;&nbsp; LAI-00729906, 12.460%, 11/30/2027 †x# | LendingPoint | 12/06/2022 | 12618 | 12618 | 12597 |
| &nbsp;&nbsp;&nbsp; LAI-00730219, 10.510%, 11/15/2025 †x^ | LendingPoint | 12/06/2022 | 1000 | 1000 |  |
| &nbsp;&nbsp;&nbsp; LAI-00730264, 12.840%, 2/26/2027 †x# | LendingPoint | 12/06/2022 | 14090 | 14090 | 13461 |
| &nbsp;&nbsp;&nbsp; LAI-00730270, 9.530%, 12/12/2027 †x | LendingPoint | 12/06/2022 | 13575 | 13575 | 13317 |
| &nbsp;&nbsp;&nbsp; LAI-00730296, 9.820%, 11/30/2026 †x# | LendingPoint | 12/06/2022 | 5677 | 5677 | 5727 |
| &nbsp;&nbsp;&nbsp; LAI-00730422, 11.910%, 12/01/2027 †x# | LendingPoint | 12/06/2022 | 15758 | 15758 | 15633 |
| &nbsp;&nbsp;&nbsp; LAI-00730456, 12.160%, 11/30/2027 †x | LendingPoint | 12/06/2022 | 2248 | 2248 | 2246 |
| &nbsp;&nbsp;&nbsp; LAI-00730594, 9.040%, 10/26/2026 †x# | LendingPoint | 12/07/2022 | 6290 | 6290 | 594 |
| &nbsp;&nbsp;&nbsp; LAI-00730718, 11.480%, 8/25/2027 †x | LendingPoint | 12/07/2022 | 14909 | 14909 | 14644 |
| &nbsp;&nbsp;&nbsp; LAI-00730719, 9.040%, 12/01/2027 †x# | LendingPoint | 12/07/2022 | 3778 | 3778 | 3751 |
| &nbsp;&nbsp;&nbsp; LAI-00730787, 9.040%, 1/15/2028 †x | LendingPoint | 12/07/2022 | 7412 | 7412 | 7394 |
| &nbsp;&nbsp;&nbsp; LAI-00730945, 9.530%, 12/01/2026 †x# | LendingPoint | 12/07/2022 | 6016 | 6016 | 6076 |
| &nbsp;&nbsp;&nbsp; LAI-00730989, 11.910%, 12/01/2027 †x# | LendingPoint | 12/07/2022 | 5 | 5 |  |
| &nbsp;&nbsp;&nbsp; LAI-00731144, 13.170%, 4/01/2028 †x# | LendingPoint | 12/07/2022 | 8464 | 8464 | 8230 |
| &nbsp;&nbsp;&nbsp; LAI-00731158, 10.530%, 12/01/2027 †x# | LendingPoint | 12/07/2022 | 10715 | 10715 | 10575 |
| &nbsp;&nbsp;&nbsp; LAI-00731191, 10.530%, 12/01/2027 †x# | LendingPoint | 12/07/2022 | 13138 | 13138 | 4906 |
| &nbsp;&nbsp;&nbsp; LAI-00731288, 9.530%, 12/02/2027 †x | LendingPoint | 12/07/2022 | 3384 | 3384 | 3328 |
| &nbsp;&nbsp;&nbsp; LAI-00731492, 9.710%, 12/02/2027 †x | LendingPoint | 12/08/2022 | 1345 | 1345 | 1341 |
| &nbsp;&nbsp;&nbsp; LAI-00731546, 12.910%, 9/02/2028 †x | LendingPoint | 12/08/2022 | 7975 | 7975 | 7793 |
| &nbsp;&nbsp;&nbsp; LAI-00731648, 10.250%, 7/13/2028 †x | LendingPoint | 12/08/2022 | 17444 | 17444 | 16932 |
| &nbsp;&nbsp;&nbsp; LAI-00731823, 13.170%, 12/02/2027 †x | LendingPoint | 12/08/2022 | 5637 | 5637 | 5564 |
| &nbsp;&nbsp;&nbsp; LAI-00732077, 12.160%, 12/03/2027 †x | LendingPoint | 12/08/2022 | 11138 | 11138 | 11101 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6277** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00732144, 10.530%, 12/03/2027 †x# | LendingPoint | 12/08/2022 | $7585 | $7585 | $- |
| &nbsp;&nbsp;&nbsp; LAI-00732244, 10.270%, 12/04/2027 †x | LendingPoint | 12/08/2022 | 4527 | 4527 | 4476 |
| &nbsp;&nbsp;&nbsp; LAI-00732448, 12.460%, 12/05/2026 †§x | LendingPoint | 12/08/2022 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00732477, 10.240%, 12/05/2025 †x#^ | LendingPoint | 12/08/2022 | 1100 | 1100 |  |
| &nbsp;&nbsp;&nbsp; LAI-00733034, 12.880%, 3/05/2027 †x# | LendingPoint | 12/09/2022 | 9800 | 9800 | 2417 |
| &nbsp;&nbsp;&nbsp; LAI-00733275, 11.290%, 1/04/2028 †x | LendingPoint | 12/09/2022 | 25642 | 25642 | 25327 |
| &nbsp;&nbsp;&nbsp; LAI-00733444, 11.800%, 12/06/2027 †x# | LendingPoint | 12/09/2022 | 5899 | 5899 | 557 |
| &nbsp;&nbsp;&nbsp; LAI-00733669, 12.160%, 12/06/2027 †x | LendingPoint | 12/12/2022 | 12964 | 12964 | 12933 |
| &nbsp;&nbsp;&nbsp; LAI-00733735, 15.280%, 9/26/2026 †x# | LendingPoint | 12/12/2022 | 4687 | 4687 | 442 |
| &nbsp;&nbsp;&nbsp; LAI-00733771, 14.800%, 3/06/2028 †x | LendingPoint | 12/12/2022 | 4278 | 4278 | 4197 |
| &nbsp;&nbsp;&nbsp; LAI-00734065, 15.140%, 12/06/2027 †x | LendingPoint | 12/12/2022 | 16431 | 16431 | 16382 |
| &nbsp;&nbsp;&nbsp; LAI-00734125, 14.800%, 12/07/2027 †x | LendingPoint | 12/12/2022 | 3409 | 3409 | 3354 |
| &nbsp;&nbsp;&nbsp; LAI-00734192, 10.820%, 12/07/2027 †x | LendingPoint | 12/12/2022 | 6839 | 6839 | 6760 |
| &nbsp;&nbsp;&nbsp; LAI-00735078, 12.140%, 12/08/2027 †x | LendingPoint | 12/14/2022 | 7058 | 7058 | 7022 |
| &nbsp;&nbsp;&nbsp; LAI-00735266, 0.000%, 12/08/2026 †x# | LendingPoint | 12/14/2022 | 6793 | 6793 |  |
| &nbsp;&nbsp;&nbsp; LAI-00735709, 12.140%, 12/09/2027 †x | LendingPoint | 12/15/2022 | 12753 | 12753 | 12731 |
| &nbsp;&nbsp;&nbsp; LAI-00735998, 11.040%, 12/10/2024 †§x#^ | LendingPoint | 12/15/2022 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00736147, 12.160%, 12/10/2027 †x# | LendingPoint | 12/15/2022 | 5337 | 5337 | 5330 |
| &nbsp;&nbsp;&nbsp; LAI-00736435, 11.460%, 12/23/2027 †x | LendingPoint | 12/15/2022 | 5971 | 5971 | 5967 |
| &nbsp;&nbsp;&nbsp; LAI-00736524, 31.390%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 2051 | 2051 | 2124 |
| &nbsp;&nbsp;&nbsp; LAI-00736527, 14.180%, 6/12/2026 †x# | LendingPoint | 12/16/2022 | 747 | 747 | 751 |
| &nbsp;&nbsp;&nbsp; LAI-00736539, 30.420%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 102 | 102 | 101 |
| &nbsp;&nbsp;&nbsp; LAI-00736551, 29.460%, 12/05/2027 †x | LendingPoint | 12/16/2022 | 7790 | 7790 | 7890 |
| &nbsp;&nbsp;&nbsp; LAI-00736571, 29.460%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00736583, 31.390%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 4705 | 4705 | 4784 |
| &nbsp;&nbsp;&nbsp; LAI-00736589, 23.740%, 5/25/2042 †x# | LendingPoint | 12/16/2022 | 4875 | 4875 | 460 |
| &nbsp;&nbsp;&nbsp; LAI-00736592, 32.270%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 2973 | 2973 | 2994 |
| &nbsp;&nbsp;&nbsp; LAI-00736595, 31.090%, 12/12/2026 †x# | LendingPoint | 12/16/2022 | 2455 | 2455 | 982 |
| &nbsp;&nbsp;&nbsp; LAI-00736599, 31.360%, 4/12/2027 †x | LendingPoint | 12/16/2022 | 1213 | 1213 | 1222 |
| &nbsp;&nbsp;&nbsp; LAI-00736608, 28.060%, 12/10/2024 †§x^ | LendingPoint | 12/16/2022 | 223 | 223 |  |
| &nbsp;&nbsp;&nbsp; LAI-00736613, 0.000%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00736616, 0.000%, 12/12/2026 †x# | LendingPoint | 12/16/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00736658, 29.930%, 12/12/2026 †x# | LendingPoint | 12/16/2022 | 3171 | 3171 | 1262 |
| &nbsp;&nbsp;&nbsp; LAI-00736663, 15.320%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 2346 | 2346 | 2414 |
| &nbsp;&nbsp;&nbsp; LAI-00736676, 24.380%, 12/20/2026 †x# | LendingPoint | 12/16/2022 | 3623 | 3623 | 3691 |
| &nbsp;&nbsp;&nbsp; LAI-00736696, 31.360%, 12/12/2026 †x# | LendingPoint | 12/16/2022 | 3156 | 3156 | 298 |
| &nbsp;&nbsp;&nbsp; LAI-00736708, 32.270%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 4170 | 4170 | 4216 |
| &nbsp;&nbsp;&nbsp; LAI-00736710, 30.900%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 1883 | 1883 | 1950 |
| &nbsp;&nbsp;&nbsp; LAI-00736713, 27.820%, 12/12/2024 †§x^ | LendingPoint | 12/16/2022 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00736717, 30.390%, 12/12/2026 †§x# | LendingPoint | 12/16/2022 | 20 | 20 |  |
| &nbsp;&nbsp;&nbsp; LAI-00736743, 27.980%, 3/12/2029 †x | LendingPoint | 12/16/2022 | 17025 | 17025 | 16533 |
| &nbsp;&nbsp;&nbsp; LAI-00736755, 30.940%, 12/12/2027 †x# | LendingPoint | 12/16/2022 | 4357 | 4357 | 4391 |
| &nbsp;&nbsp;&nbsp; LAI-00736778, 28.540%, 12/12/2027 †x# | LendingPoint | 12/16/2022 | 5338 | 5338 | 925 |
| &nbsp;&nbsp;&nbsp; LAI-00736781, 23.490%, 5/12/2027 †x | LendingPoint | 12/16/2022 | 7960 | 7960 | 7981 |
| &nbsp;&nbsp;&nbsp; LAI-00736784, 14.800%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 11438 | 11438 | 11331 |
| &nbsp;&nbsp;&nbsp; LAI-00736791, 15.780%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 8409 | 8409 | 8327 |
| &nbsp;&nbsp;&nbsp; LAI-00736799, 30.640%, 8/20/2026 †x# | LendingPoint | 12/16/2022 | 2984 | 2984 | 282 |
| &nbsp;&nbsp;&nbsp; LAI-00736807, 16.760%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 4896 | 4896 | 4888 |
| &nbsp;&nbsp;&nbsp; LAI-00736834, 17.880%, 10/20/2028 †x | LendingPoint | 12/16/2022 | 12035 | 12035 | 11664 |
| &nbsp;&nbsp;&nbsp; LAI-00736837, 23.990%, 12/12/2027 †x# | LendingPoint | 12/16/2022 | 8579 | 8579 | 8499 |
| &nbsp;&nbsp;&nbsp; LAI-00736841, 15.320%, 3/30/2026 †x# | LendingPoint | 12/16/2022 | 1759 | 1759 | 1701 |
| &nbsp;&nbsp;&nbsp; LAI-00736843, 20.170%, 1/12/2028 †x# | LendingPoint | 12/16/2022 | 19438 | 19438 | 1835 |
| &nbsp;&nbsp;&nbsp; LAI-00736857, 30.010%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 9959 | 9959 | 10083 |
| &nbsp;&nbsp;&nbsp; LAI-00736878, 30.900%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 160 | 160 | 159 |
| &nbsp;&nbsp;&nbsp; LAI-00736883, 27.230%, 12/12/2024 †x#^ | LendingPoint | 12/16/2022 | 10356 | 10356 | 978 |
| &nbsp;&nbsp;&nbsp; LAI-00736887, 26.260%, 12/12/2024 †§x^ | LendingPoint | 12/16/2022 | 204 | 204 |  |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6278** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00736931, 0.000%, 12/12/2027 †x# | LendingPoint | 12/16/2022 | $3 | $3 | $3 |
| &nbsp;&nbsp;&nbsp; LAI-00736939, 14.140%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 11947 | 11947 | 11754 |
| &nbsp;&nbsp;&nbsp; LAI-00736942, 29.900%, 12/12/2026 †x# | LendingPoint | 12/16/2022 | 1002 | 1002 | 95 |
| &nbsp;&nbsp;&nbsp; LAI-00736945, 22.490%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 1628 | 1628 | 1684 |
| &nbsp;&nbsp;&nbsp; LAI-00736983, 16.150%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 974 | 974 | 968 |
| &nbsp;&nbsp;&nbsp; LAI-00736988, 29.400%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 1112 | 1112 | 1148 |
| &nbsp;&nbsp;&nbsp; LAI-00736989, 15.740%, 6/12/2027 †x | LendingPoint | 12/16/2022 | 4107 | 4107 | 4135 |
| &nbsp;&nbsp;&nbsp; LAI-00736999, 30.490%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 2035 | 2035 | 2072 |
| &nbsp;&nbsp;&nbsp; LAI-00737007, 32.270%, 12/06/2027 †x | LendingPoint | 12/16/2022 | 4094 | 4094 | 4143 |
| &nbsp;&nbsp;&nbsp; LAI-00737022, 17.090%, 5/12/2028 †x# | LendingPoint | 12/16/2022 | 11940 | 11940 | 2511 |
| &nbsp;&nbsp;&nbsp; LAI-00737027, 30.370%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 2525 | 2525 | 2616 |
| &nbsp;&nbsp;&nbsp; LAI-00737033, 30.490%, 12/12/2026 †§x | LendingPoint | 12/16/2022 | 636 | 636 | 647 |
| &nbsp;&nbsp;&nbsp; LAI-00737047, 0.000%, 12/12/2024 †x#^ | LendingPoint | 12/16/2022 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00737052, 32.270%, 10/16/2027 †x | LendingPoint | 12/16/2022 | 3319 | 3319 | 3292 |
| &nbsp;&nbsp;&nbsp; LAI-00737055, 30.940%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 2928 | 2928 | 2978 |
| &nbsp;&nbsp;&nbsp; LAI-00737059, 13.410%, 12/12/2027 †x | LendingPoint | 12/16/2022 | 14169 | 14169 | 14156 |
| &nbsp;&nbsp;&nbsp; LAI-00737064, 29.560%, 1/12/2029 †x# | LendingPoint | 12/16/2022 | 9636 | 9636 | 9077 |
| &nbsp;&nbsp;&nbsp; LAI-00737113, 25.560%, 12/11/2026 †§x | LendingPoint | 12/16/2022 | 1292 | 1292 | 1296 |
| &nbsp;&nbsp;&nbsp; LAI-00737122, 0.000%, 12/13/2026 †x | LendingPoint | 12/16/2022 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; LAI-00737137, 31.910%, 9/13/2029 †x | LendingPoint | 12/16/2022 | 6686 | 6686 | 6441 |
| &nbsp;&nbsp;&nbsp; LAI-00737159, 16.400%, 12/13/2027 †x# | LendingPoint | 12/16/2022 | 9918 | 9918 | 9873 |
| &nbsp;&nbsp;&nbsp; LAI-00737165, 27.050%, 12/13/2027 †x# | LendingPoint | 12/16/2022 | 2635 | 2635 | 2660 |
| &nbsp;&nbsp;&nbsp; LAI-00737187, 31.400%, 12/13/2026 †§x# | LendingPoint | 12/16/2022 | 2753 | 2753 | 2833 |
| &nbsp;&nbsp;&nbsp; LAI-00737191, 31.910%, 1/04/2027 †x# | LendingPoint | 12/16/2022 | 4600 | 4600 | 4522 |
| &nbsp;&nbsp;&nbsp; LAI-00737193, 0.000%, 12/13/2025 †x#^ | LendingPoint | 12/16/2022 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00737209, 14.310%, 10/30/2027 †x# | LendingPoint | 12/16/2022 | 11403 | 11403 | 1076 |
| &nbsp;&nbsp;&nbsp; LAI-00737230, 0.000%, 12/13/2025 †x#^ | LendingPoint | 12/16/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00737237, 31.770%, 11/16/2027 †x | LendingPoint | 12/16/2022 | 1836 | 1836 | 1853 |
| &nbsp;&nbsp;&nbsp; LAI-00737244, 21.470%, 12/13/2027 †x# | LendingPoint | 12/16/2022 | 6809 | 6809 | 6702 |
| &nbsp;&nbsp;&nbsp; LAI-00737279, 18.920%, 12/13/2025 †x#^ | LendingPoint | 12/19/2022 | 156 | 156 | 15 |
| &nbsp;&nbsp;&nbsp; LAI-00737282, 24.990%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 8137 | 8137 | 8261 |
| &nbsp;&nbsp;&nbsp; LAI-00737286, 21.150%, 12/13/2026 †§x# | LendingPoint | 12/19/2022 | 3017 | 3017 | 3058 |
| &nbsp;&nbsp;&nbsp; LAI-00737297, 20.390%, 12/13/2027 †x | LendingPoint | 12/19/2022 | 9894 | 9894 | 10008 |
| &nbsp;&nbsp;&nbsp; LAI-00737320, 20.890%, 12/13/2026 †§x# | LendingPoint | 12/19/2022 | 2729 | 2729 | 2791 |
| &nbsp;&nbsp;&nbsp; LAI-00737322, 27.320%, 12/13/2024 †§x#^ | LendingPoint | 12/19/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00737331, 29.020%, 12/13/2026 †§x# | LendingPoint | 12/19/2022 | 1554 | 1554 | 1595 |
| &nbsp;&nbsp;&nbsp; LAI-00737343, 32.270%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 5044 | 5044 | 5106 |
| &nbsp;&nbsp;&nbsp; LAI-00737353, 20.560%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 7586 | 7586 | 7443 |
| &nbsp;&nbsp;&nbsp; LAI-00737362, 28.090%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 8525 | 8525 | 8412 |
| &nbsp;&nbsp;&nbsp; LAI-00737368, 31.400%, 12/13/2026 †x# | LendingPoint | 12/19/2022 | 5060 | 5060 | 478 |
| &nbsp;&nbsp;&nbsp; LAI-00737369, 14.800%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 11544 | 11544 | 11533 |
| &nbsp;&nbsp;&nbsp; LAI-00737370, 16.270%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 3885 | 3885 | 3849 |
| &nbsp;&nbsp;&nbsp; LAI-00737371, 32.270%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 5937 | 5937 | 6010 |
| &nbsp;&nbsp;&nbsp; LAI-00737411, 31.770%, 2/13/2028 †x# | LendingPoint | 12/19/2022 | 4984 | 4984 | 5020 |
| &nbsp;&nbsp;&nbsp; LAI-00737416, 32.260%, 12/13/2026 †§x# | LendingPoint | 12/19/2022 | 2223 | 2223 | 2281 |
| &nbsp;&nbsp;&nbsp; LAI-00737419, 0.000%, 12/13/2026 †x# | LendingPoint | 12/19/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00737464, 30.460%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 2803 | 2803 | 2841 |
| &nbsp;&nbsp;&nbsp; LAI-00737484, 15.990%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 4459 | 4459 | 4411 |
| &nbsp;&nbsp;&nbsp; LAI-00737512, 25.770%, 2/13/2026 †x#^ | LendingPoint | 12/19/2022 | 437 | 437 | 84 |
| &nbsp;&nbsp;&nbsp; LAI-00737520, 24.550%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 6336 | 6336 | 6341 |
| &nbsp;&nbsp;&nbsp; LAI-00737521, 29.920%, 12/20/2026 †x | LendingPoint | 12/19/2022 | 3524 | 3524 | 3583 |
| &nbsp;&nbsp;&nbsp; LAI-00737536, 27.240%, 12/13/2024 †§x^ | LendingPoint | 12/19/2022 | 169 | 169 |  |
| &nbsp;&nbsp;&nbsp; LAI-00737544, 15.820%, 12/13/2026 †§x# | LendingPoint | 12/19/2022 | 1826 | 1826 | 1842 |
| &nbsp;&nbsp;&nbsp; LAI-00737613, 16.400%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 7860 | 7860 | 7823 |
| &nbsp;&nbsp;&nbsp; LAI-00737628, 0.000%, 12/13/2027 †x | LendingPoint | 12/19/2022 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00737630, 31.890%, 10/15/2027 †x | LendingPoint | 12/19/2022 | 4168 | 4168 | 4219 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6279** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00737650, 32.270%, 11/20/2027 †x | LendingPoint | 12/19/2022 | $450 | $450 | $447 |
| &nbsp;&nbsp;&nbsp; LAI-00737652, 28.040%, 12/13/2024 †§x#^ | LendingPoint | 12/19/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00737664, 31.460%, 1/23/2029 †x# | LendingPoint | 12/19/2022 | 4031 | 4031 | 3813 |
| &nbsp;&nbsp;&nbsp; LAI-00737669, 32.270%, 12/13/2027 †x# | LendingPoint | 12/19/2022 | 2974 | 2974 | 2995 |
| &nbsp;&nbsp;&nbsp; LAI-00737676, 15.280%, 12/13/2026 †x# | LendingPoint | 12/19/2022 | 4201 | 4201 | 790 |
| &nbsp;&nbsp;&nbsp; LAI-00737697, 17.880%, 11/14/2027 †x | LendingPoint | 12/19/2022 | 13241 | 13241 | 13048 |
| &nbsp;&nbsp;&nbsp; LAI-00737702, 21.650%, 12/14/2027 †x | LendingPoint | 12/19/2022 | 8419 | 8419 | 8290 |
| &nbsp;&nbsp;&nbsp; LAI-00737713, 30.480%, 12/20/2027 †x# | LendingPoint | 12/19/2022 | 44 | 44 |  |
| &nbsp;&nbsp;&nbsp; LAI-00737730, 29.570%, 4/15/2026 †x# | LendingPoint | 12/19/2022 | 410 | 410 | 415 |
| &nbsp;&nbsp;&nbsp; LAI-00737755, 27.630%, 5/14/2026 †x | LendingPoint | 12/19/2022 | 549 | 549 | 541 |
| &nbsp;&nbsp;&nbsp; LAI-00737770, 29.510%, 12/14/2027 †x | LendingPoint | 12/19/2022 | 3747 | 3747 | 3779 |
| &nbsp;&nbsp;&nbsp; LAI-00737786, 27.100%, 7/28/2029 †x | LendingPoint | 12/19/2022 | 20445 | 20445 | 20488 |
| &nbsp;&nbsp;&nbsp; LAI-00737797, 31.910%, 10/15/2027 †x | LendingPoint | 12/19/2022 | 1789 | 1789 | 1799 |
| &nbsp;&nbsp;&nbsp; LAI-00737849, 31.890%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 1774 | 1774 | 1806 |
| &nbsp;&nbsp;&nbsp; LAI-00737850, 31.890%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 4730 | 4730 | 4815 |
| &nbsp;&nbsp;&nbsp; LAI-00737862, 10.530%, 1/31/2028 †x# | LendingPoint | 12/20/2022 | 4505 | 4505 | 4409 |
| &nbsp;&nbsp;&nbsp; LAI-00737893, 31.090%, 11/30/2026 †x# | LendingPoint | 12/20/2022 | 4346 | 4346 | 4095 |
| &nbsp;&nbsp;&nbsp; LAI-00737899, 32.780%, 12/14/2027 †x# | LendingPoint | 12/20/2022 | 16295 | 16295 | 15301 |
| &nbsp;&nbsp;&nbsp; LAI-00737901, 32.780%, 12/14/2027 †x# | LendingPoint | 12/20/2022 | 6241 | 6241 | 6311 |
| &nbsp;&nbsp;&nbsp; LAI-00737902, 28.090%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 7388 | 7388 | 7293 |
| &nbsp;&nbsp;&nbsp; LAI-00737938, 24.890%, 4/12/2028 †x | LendingPoint | 12/20/2022 | 3087 | 3087 | 2982 |
| &nbsp;&nbsp;&nbsp; LAI-00737946, 17.880%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 7560 | 7560 | 7451 |
| &nbsp;&nbsp;&nbsp; LAI-00737948, 31.460%, 11/25/2026 †x | LendingPoint | 12/20/2022 | 10366 | 10366 | 10308 |
| &nbsp;&nbsp;&nbsp; LAI-00737997, 16.400%, 3/29/2026 †x | LendingPoint | 12/20/2022 | 5343 | 5343 | 4413 |
| &nbsp;&nbsp;&nbsp; LAI-00738014, 26.670%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 1235 | 1235 | 1225 |
| &nbsp;&nbsp;&nbsp; LAI-00738021, 29.060%, 1/14/2026 †x#^ | LendingPoint | 12/20/2022 | 545 | 545 | 539 |
| &nbsp;&nbsp;&nbsp; LAI-00738031, 16.260%, 4/16/2028 †x | LendingPoint | 12/20/2022 | 18952 | 18952 | 18764 |
| &nbsp;&nbsp;&nbsp; LAI-00738046, 29.900%, 12/14/2026 †x# | LendingPoint | 12/20/2022 | 974 | 974 | 92 |
| &nbsp;&nbsp;&nbsp; LAI-00738050, 13.130%, 12/14/2024 †x^ | LendingPoint | 12/20/2022 | 6 | 6 |  |
| &nbsp;&nbsp;&nbsp; LAI-00738064, 31.890%, 8/14/2029 †x# | LendingPoint | 12/20/2022 | 8300 | 8300 | 2199 |
| &nbsp;&nbsp;&nbsp; LAI-00738066, 31.670%, 12/14/2026 †x# | LendingPoint | 12/20/2022 | 3056 | 3056 | 1240 |
| &nbsp;&nbsp;&nbsp; LAI-00738068, 16.270%, 12/27/2027 †x# | LendingPoint | 12/20/2022 | 12315 | 12315 | 11906 |
| &nbsp;&nbsp;&nbsp; LAI-00738081, 23.000%, 7/14/2028 †x | LendingPoint | 12/20/2022 | 8374 | 8374 | 8075 |
| &nbsp;&nbsp;&nbsp; LAI-00738091, 31.090%, 12/14/2026 †x | LendingPoint | 12/20/2022 | 4123 | 4123 | 4234 |
| &nbsp;&nbsp;&nbsp; LAI-00738110, 30.940%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 4683 | 4683 | 4770 |
| &nbsp;&nbsp;&nbsp; LAI-00738130, 31.630%, 12/14/2026 †§x | LendingPoint | 12/20/2022 | 1387 | 1387 | 1430 |
| &nbsp;&nbsp;&nbsp; LAI-00738135, 31.390%, 1/20/2028 †x# | LendingPoint | 12/20/2022 | 4786 | 4786 | 4867 |
| &nbsp;&nbsp;&nbsp; LAI-00738152, 12.480%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 7483 | 7483 | 7456 |
| &nbsp;&nbsp;&nbsp; LAI-00738157, 31.770%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 4767 | 4767 | 4852 |
| &nbsp;&nbsp;&nbsp; LAI-00738163, 0.000%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00738171, 27.010%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 5675 | 5675 | 5727 |
| &nbsp;&nbsp;&nbsp; LAI-00738180, 17.500%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 2807 | 2807 | 2803 |
| &nbsp;&nbsp;&nbsp; LAI-00738187, 31.090%, 12/14/2026 †§x | LendingPoint | 12/20/2022 | 1089 | 1089 | 1118 |
| &nbsp;&nbsp;&nbsp; LAI-00738191, 16.400%, 1/17/2028 †x | LendingPoint | 12/20/2022 | 4420 | 4420 | 4406 |
| &nbsp;&nbsp;&nbsp; LAI-00738216, 16.400%, 12/14/2027 †x | LendingPoint | 12/20/2022 | 2316 | 2316 | 2314 |
| &nbsp;&nbsp;&nbsp; LAI-00738218, 24.890%, 1/23/2028 †x# | LendingPoint | 12/20/2022 | 6689 | 6689 | 6582 |
| &nbsp;&nbsp;&nbsp; LAI-00738221, 29.900%, 12/14/2026 †§x | LendingPoint | 12/20/2022 | 1412 | 1412 | 1465 |
| &nbsp;&nbsp;&nbsp; LAI-00738262, 31.090%, 12/15/2026 †§x | LendingPoint | 12/20/2022 | 1039 | 1039 | 1071 |
| &nbsp;&nbsp;&nbsp; LAI-00738281, 16.240%, 12/15/2027 †x | LendingPoint | 12/20/2022 | 10309 | 10309 | 10269 |
| &nbsp;&nbsp;&nbsp; LAI-00738285, 31.890%, 12/15/2027 †x | LendingPoint | 12/20/2022 | 4749 | 4749 | 4806 |
| &nbsp;&nbsp;&nbsp; LAI-00738293, 23.670%, 12/15/2026 †§x | LendingPoint | 12/20/2022 | 2347 | 2347 | 2360 |
| &nbsp;&nbsp;&nbsp; LAI-00738301, 23.100%, 12/15/2027 †x | LendingPoint | 12/20/2022 | 1643 | 1643 | 1617 |
| &nbsp;&nbsp;&nbsp; LAI-00738337, 32.270%, 12/15/2027 †x | LendingPoint | 12/20/2022 | 3577 | 3577 | 3620 |
| &nbsp;&nbsp;&nbsp; LAI-00738338, 26.600%, 12/15/2027 †x | LendingPoint | 12/20/2022 | 6740 | 6740 | 6628 |
| &nbsp;&nbsp;&nbsp; LAI-00738350, 28.090%, 1/25/2028 †x# | LendingPoint | 12/20/2022 | 425 | 425 | 422 |
| &nbsp;&nbsp;&nbsp; LAI-00738371, 19.970%, 1/18/2028 †x# | LendingPoint | 12/20/2022 | 3363 | 3363 | 3319 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6280** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00738379, 31.360%, 12/15/2026 †§x | LendingPoint | 12/20/2022 | $1695 | $1695 | $1739 |
| &nbsp;&nbsp;&nbsp; LAI-00738400, 32.010%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 2212 | 2212 | 2253 |
| &nbsp;&nbsp;&nbsp; LAI-00738431, 18.830%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 4861 | 4861 | 4849 |
| &nbsp;&nbsp;&nbsp; LAI-00738438, 25.740%, 12/15/2024 †§x^ | LendingPoint | 12/21/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00738470, 32.270%, 4/15/2028 †x# | LendingPoint | 12/21/2022 | 4073 | 4073 | 4066 |
| &nbsp;&nbsp;&nbsp; LAI-00738475, 32.010%, 10/18/2027 †x# | LendingPoint | 12/21/2022 | 2794 | 2794 | 2834 |
| &nbsp;&nbsp;&nbsp; LAI-00738495, 29.930%, 12/15/2026 †§x | LendingPoint | 12/21/2022 | 663 | 663 | 688 |
| &nbsp;&nbsp;&nbsp; LAI-00738497, 16.240%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 4902 | 4902 | 4836 |
| &nbsp;&nbsp;&nbsp; LAI-00738547, 30.520%, 9/15/2028 †x | LendingPoint | 12/21/2022 | 5151 | 5151 | 5082 |
| &nbsp;&nbsp;&nbsp; LAI-00738572, 31.910%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 1509 | 1509 | 1513 |
| &nbsp;&nbsp;&nbsp; LAI-00738593, 31.770%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 3074 | 3074 | 3118 |
| &nbsp;&nbsp;&nbsp; LAI-00738600, 31.360%, 12/15/2026 †§x | LendingPoint | 12/21/2022 | 639 | 639 | 663 |
| &nbsp;&nbsp;&nbsp; LAI-00738624, 17.120%, 12/05/2027 †x | LendingPoint | 12/21/2022 | 4921 | 4921 | 4899 |
| &nbsp;&nbsp;&nbsp; LAI-00738636, 30.880%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 3598 | 3598 | 3628 |
| &nbsp;&nbsp;&nbsp; LAI-00738645, 29.930%, 12/15/2026 †§x | LendingPoint | 12/21/2022 | 789 | 789 | 813 |
| &nbsp;&nbsp;&nbsp; LAI-00738656, 17.110%, 11/04/2027 †x | LendingPoint | 12/21/2022 | 5050 | 5050 | 4971 |
| &nbsp;&nbsp;&nbsp; LAI-00738676, 15.280%, 12/15/2026 †§x | LendingPoint | 12/21/2022 | 1305 | 1305 | 1337 |
| &nbsp;&nbsp;&nbsp; LAI-00738687, 28.270%, 5/30/2027 †x# | LendingPoint | 12/21/2022 | 9128 | 9128 | 8424 |
| &nbsp;&nbsp;&nbsp; LAI-00738706, 31.400%, 12/15/2026 †x# | LendingPoint | 12/21/2022 | 3644 | 3644 | 684 |
| &nbsp;&nbsp;&nbsp; LAI-00738708, 32.270%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 2670 | 2670 | 2659 |
| &nbsp;&nbsp;&nbsp; LAI-00738709, 17.880%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 2832 | 2832 | 2806 |
| &nbsp;&nbsp;&nbsp; LAI-00738730, 32.250%, 12/15/2027 †x# | LendingPoint | 12/21/2022 | 7839 | 7839 | 740 |
| &nbsp;&nbsp;&nbsp; LAI-00738749, 26.640%, 12/15/2025 †x#^ | LendingPoint | 12/21/2022 | 368 | 368 | 35 |
| &nbsp;&nbsp;&nbsp; LAI-00738758, 27.450%, 12/15/2026 †x# | LendingPoint | 12/21/2022 | 5441 | 5441 | 796 |
| &nbsp;&nbsp;&nbsp; LAI-00738775, 22.680%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 2675 | 2675 | 2646 |
| &nbsp;&nbsp;&nbsp; LAI-00738776, 31.670%, 10/30/2028 †x# | LendingPoint | 12/21/2022 | 803 | 803 | 117 |
| &nbsp;&nbsp;&nbsp; LAI-00738781, 23.340%, 12/15/2027 †x | LendingPoint | 12/21/2022 | 5342 | 5342 | 5350 |
| &nbsp;&nbsp;&nbsp; LAI-00738787, 16.240%, 12/16/2027 †x | LendingPoint | 12/21/2022 | 10801 | 10801 | 10657 |
| &nbsp;&nbsp;&nbsp; LAI-00738788, 15.490%, 12/16/2025 †x#^ | LendingPoint | 12/21/2022 | 155 | 155 | 71 |
| &nbsp;&nbsp;&nbsp; LAI-00738799, 0.000%, 12/16/2024 †x#^ | LendingPoint | 12/21/2022 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00738808, 28.590%, 4/15/2029 †x# | LendingPoint | 12/21/2022 | 9196 | 9196 | 8640 |
| &nbsp;&nbsp;&nbsp; LAI-00738813, 27.240%, 12/16/2024 †x#^ | LendingPoint | 12/21/2022 | 938 | 938 | 89 |
| &nbsp;&nbsp;&nbsp; LAI-00738834, 28.930%, 12/16/2026 †x# | LendingPoint | 12/21/2022 | 1198 | 1198 | 466 |
| &nbsp;&nbsp;&nbsp; LAI-00738855, 19.080%, 12/16/2027 †x | LendingPoint | 12/21/2022 | 9808 | 9808 | 9709 |
| &nbsp;&nbsp;&nbsp; LAI-00738873, 22.990%, 12/16/2024 †§x^ | LendingPoint | 12/21/2022 | 188 | 188 |  |
| &nbsp;&nbsp;&nbsp; LAI-00738889, 17.290%, 12/16/2026 †§x | LendingPoint | 12/21/2022 | 1425 | 1425 | 1439 |
| &nbsp;&nbsp;&nbsp; LAI-00738892, 28.090%, 12/16/2027 †x | LendingPoint | 12/21/2022 | 8553 | 8553 | 8410 |
| &nbsp;&nbsp;&nbsp; LAI-00738900, 20.090%, 1/28/2028 †x | LendingPoint | 12/21/2022 | 11870 | 11870 | 11716 |
| &nbsp;&nbsp;&nbsp; LAI-00738905, 17.330%, 9/16/2028 †x# | LendingPoint | 12/21/2022 | 18219 | 18219 | 18016 |
| &nbsp;&nbsp;&nbsp; LAI-00738914, 32.270%, 12/16/2027 †x | LendingPoint | 12/21/2022 | 5275 | 5275 | 5311 |
| &nbsp;&nbsp;&nbsp; LAI-00738918, 31.890%, 10/16/2030 †x# | LendingPoint | 12/21/2022 | 4760 | 4760 |  |
| &nbsp;&nbsp;&nbsp; LAI-00738920, 31.670%, 12/16/2026 †x# | LendingPoint | 12/21/2022 | 1465 | 1465 | 366 |
| &nbsp;&nbsp;&nbsp; LAI-00738932, 31.910%, 12/16/2027 †x | LendingPoint | 12/21/2022 | 3884 | 3884 | 3934 |
| &nbsp;&nbsp;&nbsp; LAI-00738937, 30.940%, 12/16/2027 †x | LendingPoint | 12/22/2022 | 2171 | 2171 | 2212 |
| &nbsp;&nbsp;&nbsp; LAI-00738984, 32.010%, 10/21/2027 †x | LendingPoint | 12/22/2022 | 2521 | 2521 | 2542 |
| &nbsp;&nbsp;&nbsp; LAI-00739031, 15.770%, 4/05/2029 †x# | LendingPoint | 12/22/2022 | 7627 | 7627 | 6638 |
| &nbsp;&nbsp;&nbsp; LAI-00739032, 18.280%, 12/16/2027 †x | LendingPoint | 12/22/2022 | 7624 | 7624 | 7642 |
| &nbsp;&nbsp;&nbsp; LAI-00739038, 26.290%, 12/16/2026 †x | LendingPoint | 12/22/2022 | 5097 | 5097 | 5216 |
| &nbsp;&nbsp;&nbsp; LAI-00739092, 29.090%, 12/05/2027 †x# | LendingPoint | 12/22/2022 | 6130 | 6130 | 5914 |
| &nbsp;&nbsp;&nbsp; LAI-00739113, 30.490%, 12/16/2026 †§x | LendingPoint | 12/22/2022 | 625 | 625 | 642 |
| &nbsp;&nbsp;&nbsp; LAI-00739135, 20.080%, 12/16/2027 †x | LendingPoint | 12/22/2022 | 1504 | 1504 | 1488 |
| &nbsp;&nbsp;&nbsp; LAI-00739169, 29.090%, 12/16/2029 †x# | LendingPoint | 12/22/2022 | 10415 | 10415 | 10605 |
| &nbsp;&nbsp;&nbsp; LAI-00739176, 16.140%, 3/31/2026 †x# | LendingPoint | 12/22/2022 | 25834 | 25834 | 22783 |
| &nbsp;&nbsp;&nbsp; LAI-00739196, 32.780%, 12/16/2027 †x# | LendingPoint | 12/22/2022 | 7630 | 7630 | 7655 |
| &nbsp;&nbsp;&nbsp; LAI-00739198, 19.790%, 12/16/2026 †§x | LendingPoint | 12/22/2022 | 687 | 687 | 698 |
| &nbsp;&nbsp;&nbsp; LAI-00739253, 22.730%, 11/01/2028 †x# | LendingPoint | 12/22/2022 | 28492 | 28492 | 27423 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6281** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00739266, 30.440%, 12/16/2027 †x# | LendingPoint | 12/22/2022 | $4763 | $4763 | $4834 |
| &nbsp;&nbsp;&nbsp; LAI-00739281, 17.880%, 12/16/2027 †x | LendingPoint | 12/22/2022 | 5894 | 5894 | 5832 |
| &nbsp;&nbsp;&nbsp; LAI-00739285, 30.520%, 11/24/2027 †x | LendingPoint | 12/22/2022 | 4126 | 4126 | 4158 |
| &nbsp;&nbsp;&nbsp; LAI-00739294, 30.390%, 12/16/2026 †§x | LendingPoint | 12/22/2022 | 622 | 622 | 646 |
| &nbsp;&nbsp;&nbsp; LAI-00739320, 32.780%, 12/17/2027 †x | LendingPoint | 12/22/2022 | 17736 | 17736 | 17734 |
| &nbsp;&nbsp;&nbsp; LAI-00739323, 31.910%, 12/17/2027 †x | LendingPoint | 12/22/2022 | 1103 | 1103 | 1125 |
| &nbsp;&nbsp;&nbsp; LAI-00739329, 29.930%, 12/17/2026 †§x | LendingPoint | 12/22/2022 | 1528 | 1528 | 1585 |
| &nbsp;&nbsp;&nbsp; LAI-00739331, 32.780%, 9/29/2026 †x# | LendingPoint | 12/22/2022 | 18998 | 18998 | 18059 |
| &nbsp;&nbsp;&nbsp; LAI-00739333, 32.390%, 2/05/2028 †x# | LendingPoint | 12/22/2022 | 13039 | 13039 | 13066 |
| &nbsp;&nbsp;&nbsp; LAI-00739377, 25.200%, 12/17/2027 †x# | LendingPoint | 12/22/2022 | 6650 | 6650 | 628 |
| &nbsp;&nbsp;&nbsp; LAI-00739380, 27.700%, 3/17/2028 †x# | LendingPoint | 12/22/2022 | 4833 | 4833 | 456 |
| &nbsp;&nbsp;&nbsp; LAI-00739410, 30.490%, 12/17/2026 †§x | LendingPoint | 12/22/2022 | 1571 | 1571 | 1616 |
| &nbsp;&nbsp;&nbsp; LAI-00739411, 25.440%, 11/21/2026 †x | LendingPoint | 12/22/2022 | 3813 | 3813 | 3835 |
| &nbsp;&nbsp;&nbsp; LAI-00739415, 20.460%, 12/17/2028 †x | LendingPoint | 12/22/2022 | 10550 | 10550 | 10583 |
| &nbsp;&nbsp;&nbsp; LAI-00739424, 28.240%, 12/17/2027 †x | LendingPoint | 12/22/2022 | 2270 | 2270 | 2240 |
| &nbsp;&nbsp;&nbsp; LAI-00739452, 17.620%, 12/17/2027 †x | LendingPoint | 12/22/2022 | 2974 | 2974 |  |
| &nbsp;&nbsp;&nbsp; LAI-00739458, 30.410%, 12/17/2027 †x# | LendingPoint | 12/22/2022 | 11817 | 11817 | 2075 |
| &nbsp;&nbsp;&nbsp; LAI-00739474, 29.930%, 11/20/2026 †x | LendingPoint | 12/22/2022 | 1718 | 1718 | 1764 |
| &nbsp;&nbsp;&nbsp; LAI-00739475, 27.240%, 12/17/2024 †§x^ | LendingPoint | 12/22/2022 | 95 | 95 |  |
| &nbsp;&nbsp;&nbsp; LAI-00739506, 22.490%, 12/18/2026 †§x# | LendingPoint | 12/22/2022 | 1721 | 1721 | 1792 |
| &nbsp;&nbsp;&nbsp; LAI-00739529, 31.910%, 1/25/2028 †x# | LendingPoint | 12/22/2022 | 2369 | 2369 | 771 |
| &nbsp;&nbsp;&nbsp; LAI-00739555, 17.880%, 12/18/2027 †x# | LendingPoint | 12/22/2022 | 11291 | 11291 | 11200 |
| &nbsp;&nbsp;&nbsp; LAI-00739573, 15.320%, 12/18/2026 †x# | LendingPoint | 12/22/2022 | 2639 | 2639 | 529 |
| &nbsp;&nbsp;&nbsp; LAI-00739630, 29.560%, 11/27/2027 †x# | LendingPoint | 12/22/2022 | 1188 | 1188 | 534 |
| &nbsp;&nbsp;&nbsp; LAI-00739671, 16.270%, 12/19/2027 †x# | LendingPoint | 12/22/2022 | 7303 | 7303 | 7216 |
| &nbsp;&nbsp;&nbsp; LAI-00739710, 0.000%, 12/19/2024 †x^ | LendingPoint | 12/22/2022 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00739759, 0.000%, 8/30/2026 †x | LendingPoint | 12/22/2022 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00739761, 31.460%, 12/19/2026 †§x# | LendingPoint | 12/22/2022 | 917 | 917 | 941 |
| &nbsp;&nbsp;&nbsp; LAI-00739794, 32.440%, 5/19/2030 †x# | LendingPoint | 12/22/2022 | 21683 | 21683 | 22454 |
| &nbsp;&nbsp;&nbsp; LAI-00739801, 22.690%, 12/19/2026 †x# | LendingPoint | 12/22/2022 | 3709 | 3709 | 3733 |
| &nbsp;&nbsp;&nbsp; LAI-00739810, 21.900%, 1/02/2025 †x^ | LendingPoint | 12/22/2022 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00739829, 0.000%, 12/19/2027 †x | LendingPoint | 12/22/2022 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; LAI-00743375, 18.490%, 11/11/2027 †x | LendingPoint | 1/05/2023 | 7474 | 7474 | 7391 |
| &nbsp;&nbsp;&nbsp; LAI-00743377, 0.000%, 12/29/2027 †x | LendingPoint | 1/05/2023 | 179 | 179 | 179 |
| &nbsp;&nbsp;&nbsp; LAI-00743384, 30.260%, 11/12/2027 †x | LendingPoint | 1/05/2023 | 2410 | 2410 | 2436 |
| &nbsp;&nbsp;&nbsp; LAI-00743419, 16.760%, 12/31/2027 †x# | LendingPoint | 1/05/2023 | 5631 | 5366 | 5320 |
| &nbsp;&nbsp;&nbsp; LAI-00743441, 14.100%, 12/31/2027 †x# | LendingPoint | 1/05/2023 | 22340 | 22340 | 22179 |
| &nbsp;&nbsp;&nbsp; LAI-00743442, 20.380%, 12/31/2027 †x# | LendingPoint | 1/05/2023 | 1938 | 1938 | 1899 |
| &nbsp;&nbsp;&nbsp; LAI-00743465, 31.890%, 12/24/2027 †x | LendingPoint | 1/05/2023 | 1842 | 1842 |  |
| &nbsp;&nbsp;&nbsp; LAI-00743470, 15.280%, 12/31/2026 †§x# | LendingPoint | 1/05/2023 | 2599 | 2599 | 2635 |
| &nbsp;&nbsp;&nbsp; LAI-00743556, 16.260%, 1/10/2027 †x# | LendingPoint | 1/05/2023 | 3098 | 3098 | 3119 |
| &nbsp;&nbsp;&nbsp; LAI-00743558, 16.240%, 1/16/2028 †x | LendingPoint | 1/05/2023 | 5739 | 5739 | 5613 |
| &nbsp;&nbsp;&nbsp; LAI-00743565, 15.770%, 12/16/2026 †x# | LendingPoint | 1/05/2023 | 3910 | 3910 | 3914 |
| &nbsp;&nbsp;&nbsp; LAI-00743608, 23.660%, 1/16/2028 †x | LendingPoint | 1/06/2023 | 9759 | 9759 | 9526 |
| &nbsp;&nbsp;&nbsp; LAI-00743610, 16.760%, 1/16/2028 †x | LendingPoint | 1/05/2023 | 1974 | 1974 | 1959 |
| &nbsp;&nbsp;&nbsp; LAI-00743612, 16.270%, 6/02/2028 †x# | LendingPoint | 1/05/2023 | 9330 | 9330 | 2623 |
| &nbsp;&nbsp;&nbsp; LAI-00743638, 31.360%, 12/15/2026 †x | LendingPoint | 1/06/2023 | 886 | 886 | 903 |
| &nbsp;&nbsp;&nbsp; LAI-00743689, 0.000%, 1/02/2028 †x# | LendingPoint | 1/05/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00743693, 31.910%, 11/06/2027 †x | LendingPoint | 1/05/2023 | 4628 | 4628 | 4605 |
| &nbsp;&nbsp;&nbsp; LAI-00743707, 31.770%, 1/02/2028 †x | LendingPoint | 1/05/2023 | 512 | 512 | 503 |
| &nbsp;&nbsp;&nbsp; LAI-00743724, 29.590%, 2/16/2028 †x | LendingPoint | 1/05/2023 | 5591 | 5591 | 5461 |
| &nbsp;&nbsp;&nbsp; LAI-00743770, 21.080%, 1/14/2028 †x | LendingPoint | 1/06/2023 | 8646 | 8646 | 8438 |
| &nbsp;&nbsp;&nbsp; LAI-00743806, 20.560%, 1/15/2029 †x# | LendingPoint | 1/05/2023 | 14709 | 14709 | 14167 |
| &nbsp;&nbsp;&nbsp; LAI-00743817, 23.390%, 1/10/2027 †x# | LendingPoint | 1/06/2023 | 2335 | 2335 | 220 |
| &nbsp;&nbsp;&nbsp; LAI-00743828, 29.990%, 1/08/2027 †x | LendingPoint | 1/05/2023 | 2083 | 2083 | 2092 |
| &nbsp;&nbsp;&nbsp; LAI-00743845, 28.200%, 1/08/2025 †x^ | LendingPoint | 1/06/2023 | 77 | 77 |  |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6282** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00743849, 28.870%, 1/16/2028 †x | LendingPoint | 1/05/2023 | $2167 | $2167 | $2138 |
| &nbsp;&nbsp;&nbsp; LAI-00743872, 15.780%, 1/15/2028 †x | LendingPoint | 1/05/2023 | 5834 | 5834 | 5789 |
| &nbsp;&nbsp;&nbsp; LAI-00743908, 28.590%, 1/02/2028 †x | LendingPoint | 1/05/2023 | 8848 | 8848 | 8660 |
| &nbsp;&nbsp;&nbsp; LAI-00743909, 30.940%, 9/10/2027 †x | LendingPoint | 1/05/2023 | 4540 | 4540 | 4523 |
| &nbsp;&nbsp;&nbsp; LAI-00743910, 16.240%, 1/02/2028 †x | LendingPoint | 1/05/2023 | 7631 | 7631 | 7500 |
| &nbsp;&nbsp;&nbsp; LAI-00743935, 26.730%, 1/07/2025 †x^ | LendingPoint | 1/05/2023 | 75 | 75 |  |
| &nbsp;&nbsp;&nbsp; LAI-00743942, 20.770%, 1/02/2028 †x | LendingPoint | 1/05/2023 | 10840 | 10840 | 10757 |
| &nbsp;&nbsp;&nbsp; LAI-00743958, 30.730%, 2/23/2027 †x# | LendingPoint | 1/05/2023 | 8986 | 8986 | 8514 |
| &nbsp;&nbsp;&nbsp; LAI-00743997, 31.090%, 1/16/2027 †x | LendingPoint | 1/05/2023 | 1634 | 1634 | 1660 |
| &nbsp;&nbsp;&nbsp; LAI-00744012, 31.090%, 10/02/2027 †x# | LendingPoint | 1/05/2023 | 4693 | 4693 | 852 |
| &nbsp;&nbsp;&nbsp; LAI-00744024, 32.270%, 6/02/2028 †x# | LendingPoint | 1/05/2023 | 6751 | 6751 | 1869 |
| &nbsp;&nbsp;&nbsp; LAI-00744041, 32.010%, 8/15/2028 †x# | LendingPoint | 1/05/2023 | 6019 | 6019 | 1314 |
| &nbsp;&nbsp;&nbsp; LAI-00744044, 29.560%, 1/02/2028 †x | LendingPoint | 1/05/2023 | 6681 | 6681 | 6709 |
| &nbsp;&nbsp;&nbsp; LAI-00744069, 25.160%, 6/02/2028 †x# | LendingPoint | 1/05/2023 | 3527 | 3527 | 997 |
| &nbsp;&nbsp;&nbsp; LAI-00744123, 21.650%, 3/22/2028 †x | LendingPoint | 1/05/2023 | 3509 | 3509 | 3474 |
| &nbsp;&nbsp;&nbsp; LAI-00744129, 16.760%, 1/08/2028 †x | LendingPoint | 1/05/2023 | 8703 | 8703 | 8619 |
| &nbsp;&nbsp;&nbsp; LAI-00744135, 16.760%, 1/16/2028 †x | LendingPoint | 1/05/2023 | 5991 | 5991 | 5946 |
| &nbsp;&nbsp;&nbsp; LAI-00744156, 0.000%, 1/02/2026 †x^ | LendingPoint | 1/05/2023 | 32 | 32 | 32 |
| &nbsp;&nbsp;&nbsp; LAI-00744166, 16.240%, 1/08/2028 †x | LendingPoint | 1/05/2023 | 8213 | 8213 | 8013 |
| &nbsp;&nbsp;&nbsp; LAI-00744171, 31.090%, 1/16/2027 †x# | LendingPoint | 1/05/2023 | 175 | 175 | 175 |
| &nbsp;&nbsp;&nbsp; LAI-00744177, 32.270%, 1/02/2028 †x# | LendingPoint | 1/05/2023 | 6078 | 6078 | 1013 |
| &nbsp;&nbsp;&nbsp; LAI-00744178, 15.770%, 1/10/2027 †x# | LendingPoint | 1/05/2023 | 921 | 921 | 920 |
| &nbsp;&nbsp;&nbsp; LAI-00744197, 32.010%, 8/02/2028 †x | LendingPoint | 1/05/2023 | 8089 | 8089 | 7922 |
| &nbsp;&nbsp;&nbsp; LAI-00744217, 21.650%, 1/13/2028 †x# | LendingPoint | 1/05/2023 | 2750 | 2750 | 2725 |
| &nbsp;&nbsp;&nbsp; LAI-00744244, 31.890%, 12/16/2027 †x | LendingPoint | 1/05/2023 | 1930 | 1930 | 1922 |
| &nbsp;&nbsp;&nbsp; LAI-00744255, 30.940%, 1/02/2028 †x# | LendingPoint | 1/05/2023 | 1898 | 1898 | 339 |
| &nbsp;&nbsp;&nbsp; LAI-00744301, 15.780%, 1/02/2028 †x | LendingPoint | 1/05/2023 | 9320 | 9320 | 9163 |
| &nbsp;&nbsp;&nbsp; LAI-00744305, 32.270%, 2/05/2030 †x# | LendingPoint | 1/05/2023 | 6929 | 6929 | 1014 |
| &nbsp;&nbsp;&nbsp; LAI-00744306, 20.380%, 1/03/2028 †x | LendingPoint | 1/05/2023 | 4799 | 4799 | 4696 |
| &nbsp;&nbsp;&nbsp; LAI-00744340, 16.270%, 2/11/2028 †x | LendingPoint | 1/05/2023 | 3640 | 3640 | 3575 |
| &nbsp;&nbsp;&nbsp; LAI-00744368, 31.670%, 1/15/2027 †x | LendingPoint | 1/06/2023 | 1205 | 1205 | 1219 |
| &nbsp;&nbsp;&nbsp; LAI-00744382, 22.990%, 7/17/2028 †x | LendingPoint | 1/06/2023 | 2714 | 2714 | 2639 |
| &nbsp;&nbsp;&nbsp; LAI-00744392, 15.320%, 1/15/2027 †x | LendingPoint | 1/05/2023 | 2490 | 2490 | 2546 |
| &nbsp;&nbsp;&nbsp; LAI-00744411, 17.880%, 5/17/2031 †x | LendingPoint | 1/06/2023 | 16092 | 16092 | 15583 |
| &nbsp;&nbsp;&nbsp; LAI-00744413, 16.760%, 1/03/2028 †x | LendingPoint | 1/05/2023 | 7782 | 7782 | 7721 |
| &nbsp;&nbsp;&nbsp; LAI-00744439, 32.270%, 1/17/2028 †x | LendingPoint | 1/05/2023 | 6480 | 6480 | 6393 |
| &nbsp;&nbsp;&nbsp; LAI-00744440, 15.770%, 1/15/2027 †x | LendingPoint | 1/05/2023 | 7694 | 7694 | 7707 |
| &nbsp;&nbsp;&nbsp; LAI-00744504, 30.010%, 6/05/2030 †x# | LendingPoint | 1/05/2023 | 7875 | 7875 | 7078 |
| &nbsp;&nbsp;&nbsp; LAI-00744537, 32.270%, 2/28/2026 †x^ | LendingPoint | 1/05/2023 | 4263 | 4263 | 4088 |
| &nbsp;&nbsp;&nbsp; LAI-00744547, 15.780%, 1/03/2028 †x | LendingPoint | 1/05/2023 | 12723 | 12723 | 12642 |
| &nbsp;&nbsp;&nbsp; LAI-00744577, 30.940%, 5/23/2028 †x# | LendingPoint | 1/05/2023 | 4304 | 4304 | 406 |
| &nbsp;&nbsp;&nbsp; LAI-00744597, 31.670%, 1/03/2027 †§x | LendingPoint | 1/05/2023 | 1873 | 1873 | 1909 |
| &nbsp;&nbsp;&nbsp; LAI-00745399, 30.480%, 1/05/2028 †x | LendingPoint | 1/10/2023 | 3619 | 3619 | 3570 |
| &nbsp;&nbsp;&nbsp; LAI-00745402, 30.420%, 1/04/2027 †§x | LendingPoint | 1/10/2023 | 915 | 915 | 941 |
| &nbsp;&nbsp;&nbsp; LAI-00745475, 0.000%, 1/04/2028 †x# | LendingPoint | 1/10/2023 | 13 | 13 |  |
| &nbsp;&nbsp;&nbsp; LAI-00745490, 27.880%, 1/04/2028 †x# | LendingPoint | 1/10/2023 | 4668 | 4668 | 1062 |
| &nbsp;&nbsp;&nbsp; LAI-00745493, 31.670%, 12/10/2026 †x# | LendingPoint | 1/10/2023 | 1929 | 1929 | 1941 |
| &nbsp;&nbsp;&nbsp; LAI-00745528, 26.230%, 1/17/2025 †x#^ | LendingPoint | 1/10/2023 | 101 | 101 |  |
| &nbsp;&nbsp;&nbsp; LAI-00745539, 31.390%, 1/18/2027 †x | LendingPoint | 1/10/2023 | 1469 | 1469 | 1507 |
| &nbsp;&nbsp;&nbsp; LAI-00745570, 0.000%, 1/04/2027 †x | LendingPoint | 1/10/2023 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; LAI-00745577, 27.870%, 1/04/2028 †x | LendingPoint | 1/10/2023 | 3513 | 3513 | 3491 |
| &nbsp;&nbsp;&nbsp; LAI-00745672, 29.560%, 1/04/2028 †x | LendingPoint | 1/10/2023 | 3879 | 3879 | 3901 |
| &nbsp;&nbsp;&nbsp; LAI-00745685, 31.670%, 1/04/2027 †x# | LendingPoint | 1/10/2023 | 1293 | 1293 | 122 |
| &nbsp;&nbsp;&nbsp; LAI-00745689, 21.910%, 10/10/2026 †x# | LendingPoint | 1/10/2023 | 1355 | 1355 | 1352 |
| &nbsp;&nbsp;&nbsp; LAI-00745735, 30.940%, 1/18/2028 †x# | LendingPoint | 1/10/2023 | 3443 | 3443 | 777 |
| &nbsp;&nbsp;&nbsp; LAI-00745787, 31.670%, 1/18/2027 †x# | LendingPoint | 1/10/2023 | 2268 | 2268 | 2308 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6283** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00745832, 30.900%, 1/05/2027 †§x | LendingPoint | 1/10/2023 | $1384 | $1384 | $1424 |
| &nbsp;&nbsp;&nbsp; LAI-00746045, 28.520%, 1/05/2027 †§x# | LendingPoint | 1/11/2023 | 2714 | 2714 | 2719 |
| &nbsp;&nbsp;&nbsp; LAI-00746053, 16.400%, 5/05/2029 †x | LendingPoint | 1/11/2023 | 14313 | 14313 | 14048 |
| &nbsp;&nbsp;&nbsp; LAI-00746127, 19.590%, 1/05/2027 †§x | LendingPoint | 1/11/2023 | 1938 | 1938 | 1947 |
| &nbsp;&nbsp;&nbsp; LAI-00746140, 30.960%, 12/17/2027 †x | LendingPoint | 1/11/2023 | 5427 | 5427 | 5416 |
| &nbsp;&nbsp;&nbsp; LAI-00746156, 20.490%, 6/25/2028 †x# | LendingPoint | 1/11/2023 | 21962 | 21962 | 2073 |
| &nbsp;&nbsp;&nbsp; LAI-00746160, 24.900%, 9/05/2027 †x | LendingPoint | 1/11/2023 | 2408 | 2408 | 1825 |
| &nbsp;&nbsp;&nbsp; LAI-00746206, 32.270%, 1/05/2028 †x | LendingPoint | 1/11/2023 | 3059 | 3059 | 3080 |
| &nbsp;&nbsp;&nbsp; LAI-00746231, 30.900%, 12/09/2026 †x | LendingPoint | 1/11/2023 | 2820 | 2820 | 2867 |
| &nbsp;&nbsp;&nbsp; LAI-00746256, 30.690%, 1/05/2027 †§x | LendingPoint | 1/11/2023 | 1716 | 1716 | 1747 |
| &nbsp;&nbsp;&nbsp; LAI-00746282, 30.990%, 1/05/2028 †x | LendingPoint | 1/11/2023 | 20350 | 20350 | 20172 |
| &nbsp;&nbsp;&nbsp; LAI-00746284, 23.310%, 1/05/2027 †§x | LendingPoint | 1/11/2023 | 817 | 817 | 836 |
| &nbsp;&nbsp;&nbsp; LAI-00746288, 19.060%, 1/05/2028 †x | LendingPoint | 1/11/2023 | 2632 | 2632 | 2615 |
| &nbsp;&nbsp;&nbsp; LAI-00746289, 0.000%, 1/10/2028 †x# | LendingPoint | 1/11/2023 | 8075 | 8075 |  |
| &nbsp;&nbsp;&nbsp; LAI-00746368, 17.120%, 1/05/2028 †x | LendingPoint | 1/11/2023 | 1695 | 1695 |  |
| &nbsp;&nbsp;&nbsp; LAI-00746428, 30.520%, 1/05/2028 †x# | LendingPoint | 1/11/2023 | 2038 | 2038 | 2025 |
| &nbsp;&nbsp;&nbsp; LAI-00746438, 31.090%, 1/04/2027 †§x# | LendingPoint | 1/11/2023 | 1392 | 1392 | 1397 |
| &nbsp;&nbsp;&nbsp; LAI-00746462, 31.390%, 12/10/2026 †x# | LendingPoint | 1/11/2023 | 1362 | 1362 | 519 |
| &nbsp;&nbsp;&nbsp; LAI-00746475, 26.260%, 1/20/2025 †x#^ | LendingPoint | 1/11/2023 | 142 | 142 |  |
| &nbsp;&nbsp;&nbsp; LAI-00746484, 32.270%, 12/19/2027 †x# | LendingPoint | 1/11/2023 | 2583 | 2583 | 2578 |
| &nbsp;&nbsp;&nbsp; LAI-00746514, 32.270%, 1/06/2028 †x | LendingPoint | 1/11/2023 | 2550 | 2550 | 2521 |
| &nbsp;&nbsp;&nbsp; LAI-00746522, 28.520%, 2/28/2026 †x^ | LendingPoint | 1/11/2023 | 2604 | 2604 | 2872 |
| &nbsp;&nbsp;&nbsp; LAI-00746576, 16.240%, 1/06/2028 †x | LendingPoint | 1/11/2023 | 6612 | 6612 | 6577 |
| &nbsp;&nbsp;&nbsp; LAI-00746592, 12.800%, 1/20/2028 †x# | LendingPoint | 1/11/2023 | 12201 | 12201 | 12162 |
| &nbsp;&nbsp;&nbsp; LAI-00746639, 26.840%, 5/13/2028 †x# | LendingPoint | 1/12/2023 | 16827 | 16827 | 16511 |
| &nbsp;&nbsp;&nbsp; LAI-00746673, 25.900%, 1/06/2027 †x | LendingPoint | 1/12/2023 | 3421 | 3421 | 3497 |
| &nbsp;&nbsp;&nbsp; LAI-00746739, 32.270%, 12/20/2027 †x | LendingPoint | 1/12/2023 | 2832 | 2832 | 2810 |
| &nbsp;&nbsp;&nbsp; LAI-00746744, 30.460%, 2/28/2027 †x# | LendingPoint | 1/12/2023 | 8608 | 8608 | 8239 |
| &nbsp;&nbsp;&nbsp; LAI-00746778, 0.000%, 1/06/2025 †x^ | LendingPoint | 1/12/2023 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00746782, 31.890%, 1/06/2028 †x# | LendingPoint | 1/12/2023 | 5429 | 5429 | 1714 |
| &nbsp;&nbsp;&nbsp; LAI-00746789, 29.920%, 2/28/2026 †x#^ | LendingPoint | 1/12/2023 | 106 | 106 | 106 |
| &nbsp;&nbsp;&nbsp; LAI-00746807, 32.270%, 1/04/2028 †x# | LendingPoint | 1/12/2023 | 5015 | 5015 | 2369 |
| &nbsp;&nbsp;&nbsp; LAI-00746810, 31.360%, 1/06/2027 †§x | LendingPoint | 1/12/2023 | 1710 | 1710 | 1759 |
| &nbsp;&nbsp;&nbsp; LAI-00746881, 31.090%, 1/17/2027 †x | LendingPoint | 1/12/2023 | 1957 | 1957 | 2001 |
| &nbsp;&nbsp;&nbsp; LAI-00746908, 25.880%, 1/06/2028 †x | LendingPoint | 1/12/2023 | 3300 | 3300 | 3229 |
| &nbsp;&nbsp;&nbsp; LAI-00746918, 32.270%, 5/06/2028 †x# | LendingPoint | 1/12/2023 | 9771 | 9771 | 922 |
| &nbsp;&nbsp;&nbsp; LAI-00746932, 31.670%, 1/06/2027 †x# | LendingPoint | 1/12/2023 | 2263 | 2263 | 214 |
| &nbsp;&nbsp;&nbsp; LAI-00746962, 31.930%, 12/20/2027 †x | LendingPoint | 1/12/2023 | 1896 | 1896 | 1894 |
| &nbsp;&nbsp;&nbsp; LAI-00747067, 32.270%, 12/15/2028 †x# | LendingPoint | 1/12/2023 | 13701 | 13701 | 3911 |
| &nbsp;&nbsp;&nbsp; LAI-00747108, 32.270%, 1/07/2028 †x | LendingPoint | 1/12/2023 | 3656 | 3656 | 3685 |
| &nbsp;&nbsp;&nbsp; LAI-00747136, 32.780%, 1/01/2028 †x# | LendingPoint | 1/12/2023 | 5455 | 5455 | 5464 |
| &nbsp;&nbsp;&nbsp; LAI-00747240, 32.270%, 1/08/2028 †x | LendingPoint | 1/12/2023 | 2446 | 2446 | 2469 |
| &nbsp;&nbsp;&nbsp; LAI-00747272, 32.270%, 12/15/2027 †x | LendingPoint | 1/12/2023 | 1572 | 1572 | 1574 |
| &nbsp;&nbsp;&nbsp; LAI-00747278, 32.260%, 7/08/2027 †x# | LendingPoint | 1/12/2023 | 2768 | 2768 | 609 |
| &nbsp;&nbsp;&nbsp; LAI-00747337, 24.350%, 1/09/2028 †x | LendingPoint | 1/12/2023 | 12280 | 12280 | 12353 |
| &nbsp;&nbsp;&nbsp; LAI-00747340, 27.270%, 2/15/2028 †x# | LendingPoint | 1/12/2023 | 20575 | 20575 | 1942 |
| &nbsp;&nbsp;&nbsp; LAI-00747361, 31.770%, 1/23/2028 †x# | LendingPoint | 1/12/2023 | 5487 | 5487 | 1734 |
| &nbsp;&nbsp;&nbsp; LAI-00747403, 31.090%, 12/10/2026 †x# | LendingPoint | 1/12/2023 | 946 | 946 | 952 |
| &nbsp;&nbsp;&nbsp; LAI-00748210, 31.890%, 3/26/2028 †x# | LendingPoint | 1/17/2023 | 4470 | 4470 | 654 |
| &nbsp;&nbsp;&nbsp; LAI-00748214, 32.780%, 1/10/2030 †x# | LendingPoint | 1/17/2023 | 3391 | 3391 | 3350 |
| &nbsp;&nbsp;&nbsp; LAI-00748222, 31.910%, 12/20/2027 †x | LendingPoint | 1/17/2023 | 3166 | 3166 | 3163 |
| &nbsp;&nbsp;&nbsp; LAI-00748236, 31.400%, 1/10/2027 †§x# | LendingPoint | 1/17/2023 | 2960 | 2960 | 3055 |
| &nbsp;&nbsp;&nbsp; LAI-00748254, 32.780%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 2695 | 2695 | 2724 |
| &nbsp;&nbsp;&nbsp; LAI-00748265, 29.520%, 1/10/2027 †§x# | LendingPoint | 1/17/2023 | 641 | 641 | 653 |
| &nbsp;&nbsp;&nbsp; LAI-00748271, 32.780%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 15698 | 15698 | 15538 |
| &nbsp;&nbsp;&nbsp; LAI-00748275, 27.100%, 5/10/2028 †x | LendingPoint | 1/17/2023 | 16401 | 16401 | 6566 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6284** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00748287, 32.270%, 6/10/2028 †x# | LendingPoint | 1/17/2023 | $15617 | $15617 | $6648 |
| &nbsp;&nbsp;&nbsp; LAI-00748288, 17.120%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 2736 | 2736 | 2707 |
| &nbsp;&nbsp;&nbsp; LAI-00748360, 20.580%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 2143 | 2143 | 2110 |
| &nbsp;&nbsp;&nbsp; LAI-00748381, 31.910%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 2438 | 2438 | 2464 |
| &nbsp;&nbsp;&nbsp; LAI-00748398, 27.070%, 11/10/2028 †x# | LendingPoint | 1/17/2023 | 5038 | 5038 | 476 |
| &nbsp;&nbsp;&nbsp; LAI-00748402, 17.880%, 11/10/2028 †x | LendingPoint | 1/17/2023 | 16575 | 16575 | 15897 |
| &nbsp;&nbsp;&nbsp; LAI-00748441, 15.780%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 5305 | 5305 | 2324 |
| &nbsp;&nbsp;&nbsp; LAI-00748451, 15.780%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 5918 | 5918 | 1049 |
| &nbsp;&nbsp;&nbsp; LAI-00748459, 16.270%, 1/30/2028 †x# | LendingPoint | 1/17/2023 | 5274 | 5274 | 939 |
| &nbsp;&nbsp;&nbsp; LAI-00748497, 28.090%, 3/06/2028 †x | LendingPoint | 1/17/2023 | 9760 | 9760 | 9447 |
| &nbsp;&nbsp;&nbsp; LAI-00748500, 15.280%, 1/10/2027 †x# | LendingPoint | 1/17/2023 | 3599 | 3599 | 3618 |
| &nbsp;&nbsp;&nbsp; LAI-00748521, 22.490%, 1/10/2027 †§x# | LendingPoint | 1/17/2023 | 656 | 656 | 671 |
| &nbsp;&nbsp;&nbsp; LAI-00748538, 30.940%, 1/10/2027 †§x# | LendingPoint | 1/17/2023 | 1730 | 1730 | 1773 |
| &nbsp;&nbsp;&nbsp; LAI-00748541, 29.510%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 3005 | 3005 | 3030 |
| &nbsp;&nbsp;&nbsp; LAI-00748568, 18.120%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 8879 | 8879 | 8838 |
| &nbsp;&nbsp;&nbsp; LAI-00748574, 32.780%, 12/20/2027 †x | LendingPoint | 1/17/2023 | 9136 | 9136 | 9100 |
| &nbsp;&nbsp;&nbsp; LAI-00748576, 17.880%, 1/03/2028 †x | LendingPoint | 1/17/2023 | 5805 | 5805 | 5709 |
| &nbsp;&nbsp;&nbsp; LAI-00748585, 28.090%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 8229 | 8229 | 8081 |
| &nbsp;&nbsp;&nbsp; LAI-00748588, 18.590%, 1/10/2028 †x# | LendingPoint | 1/17/2023 | 6869 | 6869 | 6836 |
| &nbsp;&nbsp;&nbsp; LAI-00748591, 15.280%, 1/10/2027 †x# | LendingPoint | 1/17/2023 | 5697 | 5697 | 5760 |
| &nbsp;&nbsp;&nbsp; LAI-00748602, 21.560%, 1/11/2028 †x# | LendingPoint | 1/17/2023 | 5367 | 5367 | 5279 |
| &nbsp;&nbsp;&nbsp; LAI-00748652, 17.620%, 6/11/2028 †x# | LendingPoint | 1/17/2023 | 12669 | 12669 | 3450 |
| &nbsp;&nbsp;&nbsp; LAI-00748670, 15.780%, 1/11/2028 †x | LendingPoint | 1/17/2023 | 11854 | 11854 | 11801 |
| &nbsp;&nbsp;&nbsp; LAI-00748712, 16.760%, 1/11/2028 †x | LendingPoint | 1/17/2023 | 2527 | 2527 | 2516 |
| &nbsp;&nbsp;&nbsp; LAI-00748718, 30.840%, 2/14/2029 †x# | LendingPoint | 1/17/2023 | 7235 | 7235 | 683 |
| &nbsp;&nbsp;&nbsp; LAI-00748765, 15.320%, 1/11/2027 †§x | LendingPoint | 1/18/2023 | 2417 | 2417 | 2505 |
| &nbsp;&nbsp;&nbsp; LAI-00748768, 20.080%, 4/01/2029 †x | LendingPoint | 1/18/2023 | 13096 | 13096 | 4634 |
| &nbsp;&nbsp;&nbsp; LAI-00748785, 32.260%, 3/27/2027 †x# | LendingPoint | 1/18/2023 | 5011 | 5011 | 5118 |
| &nbsp;&nbsp;&nbsp; LAI-00748811, 32.780%, 8/20/2029 †x# | LendingPoint | 1/18/2023 | 3853 | 3853 | 3583 |
| &nbsp;&nbsp;&nbsp; LAI-00748813, 30.420%, 5/11/2027 †x | LendingPoint | 1/18/2023 | 2440 | 2440 | 2487 |
| &nbsp;&nbsp;&nbsp; LAI-00748824, 15.320%, 1/11/2027 †§x | LendingPoint | 1/18/2023 | 2280 | 2280 | 2362 |
| &nbsp;&nbsp;&nbsp; LAI-00748839, 17.490%, 1/11/2028 †x | LendingPoint | 1/18/2023 | 7338 | 7338 | 7187 |
| &nbsp;&nbsp;&nbsp; LAI-00748842, 28.240%, 1/11/2025 †§x^ | LendingPoint | 1/18/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00748857, 31.090%, 1/11/2027 †x# | LendingPoint | 1/18/2023 | 4095 | 4095 | 4125 |
| &nbsp;&nbsp;&nbsp; LAI-00748868, 32.270%, 3/28/2028 †x | LendingPoint | 1/18/2023 | 1571 | 1571 |  |
| &nbsp;&nbsp;&nbsp; LAI-00748870, 21.890%, 1/11/2028 †x | LendingPoint | 1/18/2023 | 9868 | 9868 | 9846 |
| &nbsp;&nbsp;&nbsp; LAI-00748871, 32.010%, 1/11/2028 †x# | LendingPoint | 1/18/2023 | 1080 | 1080 | 1087 |
| &nbsp;&nbsp;&nbsp; LAI-00748881, 15.740%, 12/16/2026 †x | LendingPoint | 1/18/2023 | 4292 | 4292 | 4262 |
| &nbsp;&nbsp;&nbsp; LAI-00748883, 30.900%, 12/15/2026 †x | LendingPoint | 1/18/2023 | 884 | 884 | 903 |
| &nbsp;&nbsp;&nbsp; LAI-00748894, 31.980%, 1/25/2028 †x# | LendingPoint | 1/18/2023 | 7241 | 7241 | 684 |
| &nbsp;&nbsp;&nbsp; LAI-00748927, 15.540%, 1/18/2025 †x^ | LendingPoint | 1/18/2023 | 80 | 80 |  |
| &nbsp;&nbsp;&nbsp; LAI-00748944, 20.080%, 1/15/2028 †x | LendingPoint | 1/18/2023 | 11168 | 11168 | 10919 |
| &nbsp;&nbsp;&nbsp; LAI-00748969, 31.670%, 9/14/2028 †x# | LendingPoint | 1/18/2023 | 6408 | 6408 | 6180 |
| &nbsp;&nbsp;&nbsp; LAI-00748976, 22.990%, 1/11/2028 †x | LendingPoint | 1/18/2023 | 1558 | 1558 | 1555 |
| &nbsp;&nbsp;&nbsp; LAI-00748990, 32.270%, 2/15/2028 †x | LendingPoint | 1/18/2023 | 7705 | 7705 | 7620 |
| &nbsp;&nbsp;&nbsp; LAI-00749002, 32.270%, 8/02/2030 †x# | LendingPoint | 1/18/2023 | 14198 | 14198 | 14458 |
| &nbsp;&nbsp;&nbsp; LAI-00749061, 27.630%, 1/11/2029 †x# | LendingPoint | 1/18/2023 | 19725 | 19725 | 19080 |
| &nbsp;&nbsp;&nbsp; LAI-00749073, 27.880%, 3/04/2026 †x | LendingPoint | 1/18/2023 | 7162 | 7162 | 6885 |
| &nbsp;&nbsp;&nbsp; LAI-00749088, 26.670%, 4/18/2028 †x# | LendingPoint | 1/18/2023 | 13375 | 13375 | 1263 |
| &nbsp;&nbsp;&nbsp; LAI-00749110, 31.910%, 10/29/2029 †x# | LendingPoint | 1/18/2023 | 7322 | 7322 | 6751 |
| &nbsp;&nbsp;&nbsp; LAI-00749115, 15.820%, 7/24/2029 †x# | LendingPoint | 1/18/2023 | 17678 | 17678 | 4429 |
| &nbsp;&nbsp;&nbsp; LAI-00749133, 28.230%, 1/11/2028 †x | LendingPoint | 1/18/2023 | 12232 | 12232 | 12357 |
| &nbsp;&nbsp;&nbsp; LAI-00749137, 20.490%, 1/11/2028 †x# | LendingPoint | 1/18/2023 | 8610 | 8610 | 2518 |
| &nbsp;&nbsp;&nbsp; LAI-00749152, 32.270%, 1/11/2028 †x# | LendingPoint | 1/18/2023 | 9084 | 9084 | 2916 |
| &nbsp;&nbsp;&nbsp; LAI-00749154, 21.470%, 1/11/2028 †x | LendingPoint | 1/18/2023 | 4332 | 4332 | 4266 |
| &nbsp;&nbsp;&nbsp; LAI-00749174, 31.360%, 1/11/2027 †x# | LendingPoint | 1/18/2023 | 4165 | 4165 | 393 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6285** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00749177, 0.000%, 12/26/2027 †x# | LendingPoint | 1/18/2023 | $103 | $103 | $- |
| &nbsp;&nbsp;&nbsp; LAI-00749182, 17.880%, 1/25/2028 †x | LendingPoint | 1/18/2023 | 10627 | 10627 | 10422 |
| &nbsp;&nbsp;&nbsp; LAI-00749194, 31.890%, 1/11/2028 †x# | LendingPoint | 1/18/2023 | 92 | 92 | 93 |
| &nbsp;&nbsp;&nbsp; LAI-00749203, 32.270%, 1/11/2028 †x | LendingPoint | 1/18/2023 | 4483 | 4483 | 4502 |
| &nbsp;&nbsp;&nbsp; LAI-00749215, 23.180%, 12/15/2027 †x | LendingPoint | 1/18/2023 | 1079 | 1079 | 1057 |
| &nbsp;&nbsp;&nbsp; LAI-00749227, 31.890%, 1/11/2028 †x | LendingPoint | 1/18/2023 | 3397 | 3397 | 3437 |
| &nbsp;&nbsp;&nbsp; LAI-00749234, 20.060%, 1/12/2028 †x | LendingPoint | 1/18/2023 | 5386 | 5386 | 5282 |
| &nbsp;&nbsp;&nbsp; LAI-00749242, 24.890%, 1/24/2028 †x | LendingPoint | 1/18/2023 | 8728 | 8728 | 8545 |
| &nbsp;&nbsp;&nbsp; LAI-00749264, 27.630%, 12/20/2027 †x | LendingPoint | 1/18/2023 | 8340 | 8340 | 8224 |
| &nbsp;&nbsp;&nbsp; LAI-00749277, 32.010%, 12/18/2027 †x# | LendingPoint | 1/18/2023 | 1465 | 1465 | 1470 |
| &nbsp;&nbsp;&nbsp; LAI-00749282, 31.890%, 4/08/2029 †x# | LendingPoint | 1/18/2023 | 8384 | 8384 | 791 |
| &nbsp;&nbsp;&nbsp; LAI-00749284, 32.270%, 10/23/2028 †x# | LendingPoint | 1/18/2023 | 16271 | 16271 | 16125 |
| &nbsp;&nbsp;&nbsp; LAI-00749286, 31.670%, 1/12/2027 †x | LendingPoint | 1/18/2023 | 4531 | 4531 | 4651 |
| &nbsp;&nbsp;&nbsp; LAI-00749300, 15.650%, 1/12/2028 †x | LendingPoint | 1/18/2023 | 9332 | 9332 | 9422 |
| &nbsp;&nbsp;&nbsp; LAI-00749313, 31.090%, 1/12/2027 †§x | LendingPoint | 1/18/2023 | 2997 | 2997 | 3075 |
| &nbsp;&nbsp;&nbsp; LAI-00749320, 0.000%, 1/12/2027 †x | LendingPoint | 1/18/2023 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00749328, 0.000%, 2/21/2026 †x^ | LendingPoint | 1/18/2023 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00749347, 19.990%, 1/12/2027 †x | LendingPoint | 1/18/2023 | 4251 | 4251 | 4310 |
| &nbsp;&nbsp;&nbsp; LAI-00749358, 30.480%, 1/09/2027 †x | LendingPoint | 1/18/2023 | 1801 | 1801 | 1838 |
| &nbsp;&nbsp;&nbsp; LAI-00749396, 29.900%, 1/12/2027 †§x | LendingPoint | 1/18/2023 | 1831 | 1831 | 1879 |
| &nbsp;&nbsp;&nbsp; LAI-00749423, 30.240%, 1/12/2028 †x# | LendingPoint | 1/19/2023 | 6841 | 6841 | 6933 |
| &nbsp;&nbsp;&nbsp; LAI-00749432, 15.740%, 1/12/2027 †§x | LendingPoint | 1/19/2023 | 2540 | 2540 | 2555 |
| &nbsp;&nbsp;&nbsp; LAI-00749442, 31.360%, 12/20/2026 †x | LendingPoint | 1/19/2023 | 1955 | 1955 | 2002 |
| &nbsp;&nbsp;&nbsp; LAI-00749454, 32.270%, 1/05/2028 †x | LendingPoint | 1/19/2023 | 4704 | 4704 | 4737 |
| &nbsp;&nbsp;&nbsp; LAI-00749464, 32.780%, 11/17/2027 †x# | LendingPoint | 1/19/2023 | 8427 | 8427 | 8457 |
| &nbsp;&nbsp;&nbsp; LAI-00749470, 32.260%, 5/31/2026 †x# | LendingPoint | 1/19/2023 | 9844 | 9844 | 9496 |
| &nbsp;&nbsp;&nbsp; LAI-00749472, 32.270%, 2/17/2028 †x# | LendingPoint | 1/19/2023 | 8780 | 8780 | 8845 |
| &nbsp;&nbsp;&nbsp; LAI-00749514, 32.270%, 5/26/2030 †x# | LendingPoint | 1/19/2023 | 6340 | 6340 | 928 |
| &nbsp;&nbsp;&nbsp; LAI-00749515, 32.270%, 12/23/2027 †x# | LendingPoint | 1/19/2023 | 8457 | 8457 | 1237 |
| &nbsp;&nbsp;&nbsp; LAI-00749524, 21.650%, 11/24/2027 †x | LendingPoint | 1/19/2023 | 3648 | 3648 | 3574 |
| &nbsp;&nbsp;&nbsp; LAI-00749546, 16.240%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 3025 | 3025 | 2970 |
| &nbsp;&nbsp;&nbsp; LAI-00749558, 13.820%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 16622 | 16622 | 16571 |
| &nbsp;&nbsp;&nbsp; LAI-00749562, 32.780%, 4/01/2031 †x# | LendingPoint | 1/19/2023 | 8366 | 8366 | 8508 |
| &nbsp;&nbsp;&nbsp; LAI-00749584, 31.670%, 1/12/2027 †§x | LendingPoint | 1/19/2023 | 1485 | 1485 | 1494 |
| &nbsp;&nbsp;&nbsp; LAI-00749586, 32.270%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 11005 | 11005 | 11106 |
| &nbsp;&nbsp;&nbsp; LAI-00749608, 26.870%, 3/01/2028 †x | LendingPoint | 1/19/2023 | 12790 | 12790 | 12755 |
| &nbsp;&nbsp;&nbsp; LAI-00749617, 32.270%, 1/12/2028 †x# | LendingPoint | 1/19/2023 | 6218 | 6218 | 6257 |
| &nbsp;&nbsp;&nbsp; LAI-00749622, 22.180%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 15101 | 15101 | 14953 |
| &nbsp;&nbsp;&nbsp; LAI-00749638, 26.160%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 7753 | 7753 | 7842 |
| &nbsp;&nbsp;&nbsp; LAI-00749650, 32.010%, 10/12/2029 †x# | LendingPoint | 1/19/2023 | 1200 | 1200 | 1204 |
| &nbsp;&nbsp;&nbsp; LAI-00749663, 15.990%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 7177 | 7177 | 7153 |
| &nbsp;&nbsp;&nbsp; LAI-00749674, 30.520%, 12/22/2027 †x | LendingPoint | 1/19/2023 | 4661 | 4661 | 4661 |
| &nbsp;&nbsp;&nbsp; LAI-00749680, 26.880%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 3252 | 3252 | 3257 |
| &nbsp;&nbsp;&nbsp; LAI-00749694, 28.090%, 9/17/2027 †x | LendingPoint | 1/19/2023 | 4095 | 4095 | 4016 |
| &nbsp;&nbsp;&nbsp; LAI-00749698, 14.800%, 1/12/2028 †x# | LendingPoint | 1/19/2023 | 18794 | 18794 | 1774 |
| &nbsp;&nbsp;&nbsp; LAI-00749705, 15.140%, 4/16/2027 †x# | LendingPoint | 1/19/2023 | 7939 | 7939 | 1498 |
| &nbsp;&nbsp;&nbsp; LAI-00749714, 21.650%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 2412 | 2412 | 2371 |
| &nbsp;&nbsp;&nbsp; LAI-00749755, 31.670%, 4/05/2027 †x# | LendingPoint | 1/19/2023 | 10749 | 10749 |  |
| &nbsp;&nbsp;&nbsp; LAI-00749773, 0.000%, 4/12/2028 †x | LendingPoint | 1/19/2023 | 189 | 189 | 189 |
| &nbsp;&nbsp;&nbsp; LAI-00749783, 30.390%, 1/12/2027 †§x | LendingPoint | 1/19/2023 | 684 | 684 | 700 |
| &nbsp;&nbsp;&nbsp; LAI-00749785, 0.000%, 1/12/2026 †x^ | LendingPoint | 1/19/2023 | 44 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; LAI-00749787, 20.040%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 19459 | 19459 | 19143 |
| &nbsp;&nbsp;&nbsp; LAI-00749812, 24.890%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 11811 | 11811 | 11623 |
| &nbsp;&nbsp;&nbsp; LAI-00749813, 17.540%, 3/26/2027 †x# | LendingPoint | 1/19/2023 | 745 | 745 | 746 |
| &nbsp;&nbsp;&nbsp; LAI-00749824, 31.300%, 1/05/2028 †x | LendingPoint | 1/19/2023 | 4781 | 4781 | 4822 |
| &nbsp;&nbsp;&nbsp; LAI-00749831, 27.050%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 12396 | 12396 | 12354 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6286** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00749865, 21.080%, 1/12/2028 †x | LendingPoint | 1/19/2023 | $8160 | $8160 | $8038 |
| &nbsp;&nbsp;&nbsp; LAI-00749872, 16.400%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 2883 | 2883 | 2872 |
| &nbsp;&nbsp;&nbsp; LAI-00749882, 24.990%, 1/12/2028 †x | LendingPoint | 1/19/2023 | 7964 | 7964 | 7923 |
| &nbsp;&nbsp;&nbsp; LAI-00749901, 22.490%, 1/18/2027 †x# | LendingPoint | 1/19/2023 | 1597 | 1597 | 1636 |
| &nbsp;&nbsp;&nbsp; LAI-00749908, 17.620%, 11/17/2027 †x | LendingPoint | 1/19/2023 | 5880 | 5880 | 5850 |
| &nbsp;&nbsp;&nbsp; LAI-00749912, 29.060%, 12/23/2027 †x# | LendingPoint | 1/19/2023 | 2950 | 2950 | 515 |
| &nbsp;&nbsp;&nbsp; LAI-00749922, 19.740%, 1/14/2029 †x# | LendingPoint | 1/19/2023 | 13016 | 13016 | 3770 |
| &nbsp;&nbsp;&nbsp; LAI-00749929, 31.300%, 1/06/2028 †x | LendingPoint | 1/19/2023 | 63 | 63 |  |
| &nbsp;&nbsp;&nbsp; LAI-00749940, 27.700%, 9/24/2028 †x | LendingPoint | 1/19/2023 | 4464 | 4464 | 4250 |
| &nbsp;&nbsp;&nbsp; LAI-00749944, 31.390%, 1/13/2027 †§x# | LendingPoint | 1/19/2023 | 2979 | 2979 | 3083 |
| &nbsp;&nbsp;&nbsp; LAI-00749993, 18.890%, 1/13/2028 †x# | LendingPoint | 1/19/2023 | 12898 | 12898 | 12809 |
| &nbsp;&nbsp;&nbsp; LAI-00750011, 30.390%, 12/20/2026 †x# | LendingPoint | 1/19/2023 | 2847 | 2847 | 2907 |
| &nbsp;&nbsp;&nbsp; LAI-00750034, 30.910%, 1/13/2028 †x# | LendingPoint | 1/19/2023 | 2525 | 2525 | 2533 |
| &nbsp;&nbsp;&nbsp; LAI-00750046, 30.120%, 1/13/2027 †§x# | LendingPoint | 1/19/2023 | 1853 | 1853 | 1902 |
| &nbsp;&nbsp;&nbsp; LAI-00750047, 27.390%, 2/25/2029 †x | LendingPoint | 1/19/2023 | 12466 | 12466 | 11849 |
| &nbsp;&nbsp;&nbsp; LAI-00750059, 32.780%, 1/13/2028 †x# | LendingPoint | 1/19/2023 | 1868 | 1868 | 1877 |
| &nbsp;&nbsp;&nbsp; LAI-00750068, 17.870%, 1/15/2028 †x# | LendingPoint | 1/19/2023 | 4166 | 4166 | 1228 |
| &nbsp;&nbsp;&nbsp; LAI-00750296, 25.200%, 1/13/2028 †x# | LendingPoint | 1/20/2023 | 6213 | 6213 | 6198 |
| &nbsp;&nbsp;&nbsp; LAI-00750301, 31.300%, 1/13/2028 †x# | LendingPoint | 1/20/2023 | 4793 | 4793 | 4852 |
| &nbsp;&nbsp;&nbsp; LAI-00750489, 21.650%, 1/16/2028 †x | LendingPoint | 1/20/2023 | 5279 | 5279 | 5238 |
| &nbsp;&nbsp;&nbsp; LAI-00750708, 26.730%, 1/14/2025 †§x^ | LendingPoint | 1/20/2023 | 35 | 35 |  |
| &nbsp;&nbsp;&nbsp; LAI-00750725, 31.280%, 1/14/2027 †§x | LendingPoint | 1/20/2023 | 1265 | 1265 | 1309 |
| &nbsp;&nbsp;&nbsp; LAI-00750727, 15.320%, 1/14/2027 †§x | LendingPoint | 1/20/2023 | 576 | 576 | 576 |
| &nbsp;&nbsp;&nbsp; LAI-00750769, 31.300%, 1/17/2028 †x | LendingPoint | 1/20/2023 | 3649 | 3649 | 3613 |
| &nbsp;&nbsp;&nbsp; LAI-00750777, 17.630%, 1/20/2028 †x | LendingPoint | 1/20/2023 | 6142 | 6142 | 6019 |
| &nbsp;&nbsp;&nbsp; LAI-00750866, 21.470%, 1/15/2028 †x | LendingPoint | 1/20/2023 | 8152 | 8152 | 8040 |
| &nbsp;&nbsp;&nbsp; LAI-00750875, 16.400%, 1/15/2028 †x | LendingPoint | 1/20/2023 | 3841 | 3841 | 3830 |
| &nbsp;&nbsp;&nbsp; LAI-00751116, 30.520%, 4/01/2028 †x# | LendingPoint | 1/20/2023 | 1217 | 1217 | 1208 |
| &nbsp;&nbsp;&nbsp; LAI-00751157, 31.300%, 1/16/2028 †x# | LendingPoint | 1/20/2023 | 1217 | 1217 | 1228 |
| &nbsp;&nbsp;&nbsp; LAI-00751230, 16.270%, 4/24/2028 †x | LendingPoint | 1/20/2023 | 9942 | 9942 | 9758 |
| &nbsp;&nbsp;&nbsp; LAI-00751265, 31.300%, 6/16/2028 †x | LendingPoint | 1/20/2023 | 3831 | 3831 | 3734 |
| &nbsp;&nbsp;&nbsp; LAI-00751318, 22.490%, 1/16/2027 †§x | LendingPoint | 1/20/2023 | 1561 | 1561 | 1603 |
| &nbsp;&nbsp;&nbsp; LAI-00751381, 21.650%, 3/18/2028 †x | LendingPoint | 1/20/2023 | 7384 | 7384 | 7300 |
| &nbsp;&nbsp;&nbsp; LAI-00751502, 31.040%, 1/17/2028 †x | LendingPoint | 1/20/2023 | 2834 | 2834 | 2861 |
| &nbsp;&nbsp;&nbsp; LAI-00751603, 32.270%, 1/17/2028 †x | LendingPoint | 1/23/2023 | 3703 | 3703 | 3728 |
| &nbsp;&nbsp;&nbsp; LAI-00751699, 32.270%, 1/17/2028 †x | LendingPoint | 1/23/2023 | 6488 | 6488 | 6564 |
| &nbsp;&nbsp;&nbsp; LAI-00751707, 14.480%, 2/03/2028 †x | LendingPoint | 1/23/2023 | 13296 | 13296 | 13090 |
| &nbsp;&nbsp;&nbsp; LAI-00751874, 11.200%, 1/10/2028 †x# | LendingPoint | 1/23/2023 | 1876 | 1876 | 1868 |
| &nbsp;&nbsp;&nbsp; LAI-00751934, 32.270%, 1/17/2028 †x | LendingPoint | 1/23/2023 | 4932 | 4932 | 4990 |
| &nbsp;&nbsp;&nbsp; LAI-00752034, 13.820%, 1/17/2028 †x | LendingPoint | 1/23/2023 | 2947 | 2947 | 2918 |
| &nbsp;&nbsp;&nbsp; LAI-00752081, 32.270%, 7/11/2029 †x# | LendingPoint | 1/23/2023 | 9102 | 1443 | 1332 |
| &nbsp;&nbsp;&nbsp; LAI-00752097, 10.530%, 1/18/2028 †x# | LendingPoint | 1/23/2023 | 1141 | 1141 | 1121 |
| &nbsp;&nbsp;&nbsp; LAI-00752170, 10.530%, 2/01/2028 †x# | LendingPoint | 1/23/2023 | 5863 | 5863 | 5689 |
| &nbsp;&nbsp;&nbsp; LAI-00752258, 16.700%, 7/03/2028 †x# | LendingPoint | 1/24/2023 | 6935 | 6935 | 6828 |
| &nbsp;&nbsp;&nbsp; LAI-00752261, 32.270%, 3/28/2028 †x# | LendingPoint | 1/24/2023 | 7376 | 7376 | 696 |
| &nbsp;&nbsp;&nbsp; LAI-00752323, 10.530%, 1/18/2028 †x# | LendingPoint | 1/24/2023 | 6690 | 6690 | 6685 |
| &nbsp;&nbsp;&nbsp; LAI-00752338, 21.650%, 7/28/2029 †x# | LendingPoint | 1/24/2023 | 24850 | 24850 | 23497 |
| &nbsp;&nbsp;&nbsp; LAI-00752374, 30.640%, 3/24/2026 †x# | LendingPoint | 1/24/2023 | 642 | 642 | 123 |
| &nbsp;&nbsp;&nbsp; LAI-00752380, 31.770%, 12/28/2027 †x# | LendingPoint | 1/24/2023 | 1915 | 1915 | 1876 |
| &nbsp;&nbsp;&nbsp; LAI-00752451, 32.270%, 1/06/2033 †x# | LendingPoint | 1/24/2023 | 19192 | 19192 | 18254 |
| &nbsp;&nbsp;&nbsp; LAI-00752454, 22.680%, 11/25/2027 †x | LendingPoint | 1/24/2023 | 3314 | 3314 | 3260 |
| &nbsp;&nbsp;&nbsp; LAI-00752477, 13.160%, 1/18/2028 †x# | LendingPoint | 1/24/2023 | 4894 | 4894 | 4888 |
| &nbsp;&nbsp;&nbsp; LAI-00752485, 28.630%, 2/28/2026 †x^ | LendingPoint | 1/24/2023 | 5588 | 5588 | 5342 |
| &nbsp;&nbsp;&nbsp; LAI-00752493, 32.270%, 1/18/2028 †x# | LendingPoint | 1/24/2023 | 6115 | 6115 | 6187 |
| &nbsp;&nbsp;&nbsp; LAI-00752579, 12.180%, 1/18/2028 †x# | LendingPoint | 1/24/2023 | 11886 | 11886 | 11873 |
| &nbsp;&nbsp;&nbsp; LAI-00752583, 14.800%, 2/27/2028 †x# | LendingPoint | 1/24/2023 | 10696 | 10696 | 10481 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6287** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00752642, 13.160%, 9/21/2027 †x | LendingPoint | 1/24/2023 | $3990 | $3990 | $3961 |
| &nbsp;&nbsp;&nbsp; LAI-00752695, 28.270%, 2/18/2032 †x | LendingPoint | 1/24/2023 | 6101 | 6101 | 5870 |
| &nbsp;&nbsp;&nbsp; LAI-00752745, 10.530%, 1/19/2028 †x# | LendingPoint | 1/24/2023 | 4464 | 4464 | 4447 |
| &nbsp;&nbsp;&nbsp; LAI-00752762, 10.040%, 1/19/2028 †x# | LendingPoint | 1/24/2023 | 10341 | 10341 | 10302 |
| &nbsp;&nbsp;&nbsp; LAI-00752789, 10.530%, 1/19/2028 †x# | LendingPoint | 1/24/2023 | 6249 | 6249 | 6164 |
| &nbsp;&nbsp;&nbsp; LAI-00752875, 21.650%, 1/19/2028 †x# | LendingPoint | 1/24/2023 | 3769 | 3769 | 3759 |
| &nbsp;&nbsp;&nbsp; LAI-00753117, 12.480%, 1/19/2028 †x# | LendingPoint | 1/25/2023 | 19035 | 19035 |  |
| &nbsp;&nbsp;&nbsp; LAI-00753164, 12.200%, 1/13/2026 †x^ | LendingPoint | 1/25/2023 | 194 | 194 |  |
| &nbsp;&nbsp;&nbsp; LAI-00753267, 11.800%, 1/19/2028 †x# | LendingPoint | 1/25/2023 | 1361 | 1361 | 1366 |
| &nbsp;&nbsp;&nbsp; LAI-00753362, 13.170%, 9/28/2030 †x# | LendingPoint | 1/25/2023 | 15603 | 15603 | 15601 |
| &nbsp;&nbsp;&nbsp; LAI-00753394, 13.460%, 9/28/2026 †x# | LendingPoint | 1/25/2023 | 10567 | 10567 | 997 |
| &nbsp;&nbsp;&nbsp; LAI-00753608, 11.800%, 1/20/2028 †x | LendingPoint | 1/26/2023 | 2263 | 2263 | 2272 |
| &nbsp;&nbsp;&nbsp; LAI-00753612, 10.820%, 1/20/2028 †x# | LendingPoint | 1/26/2023 | 5586 | 5586 | 5538 |
| &nbsp;&nbsp;&nbsp; LAI-00753733, 13.160%, 1/20/2028 †x# | LendingPoint | 1/26/2023 | 2931 | 2931 | 2929 |
| &nbsp;&nbsp;&nbsp; LAI-00753883, 10.820%, 1/21/2028 †x | LendingPoint | 1/26/2023 | 1422 | 1422 | 1410 |
| &nbsp;&nbsp;&nbsp; LAI-00753960, 13.170%, 2/01/2028 †x# | LendingPoint | 1/26/2023 | 5327 | 5327 | 5167 |
| &nbsp;&nbsp;&nbsp; LAI-00753985, 10.040%, 1/21/2028 †x | LendingPoint | 1/26/2023 | 5396 | 5396 | 5397 |
| &nbsp;&nbsp;&nbsp; LAI-00754015, 10.820%, 1/21/2028 †x# | LendingPoint | 1/26/2023 | 3091 | 3091 | 2999 |
| &nbsp;&nbsp;&nbsp; LAI-00754053, 10.530%, 1/21/2028 †x | LendingPoint | 1/26/2023 | 891 | 891 | 884 |
| &nbsp;&nbsp;&nbsp; LAI-00754087, 13.170%, 5/25/2028 †x | LendingPoint | 1/26/2023 | 5908 | 5908 | 5774 |
| &nbsp;&nbsp;&nbsp; LAI-00754090, 10.040%, 1/24/2028 †x | LendingPoint | 1/26/2023 | 7988 | 7988 | 7944 |
| &nbsp;&nbsp;&nbsp; LAI-00754091, 0.000%, 1/24/2028 †x | LendingPoint | 1/26/2023 | 31 | 31 |  |
| &nbsp;&nbsp;&nbsp; LAI-00754134, 10.530%, 1/22/2028 †x | LendingPoint | 1/26/2023 | 4460 | 4460 | 4425 |
| &nbsp;&nbsp;&nbsp; LAI-00754149, 10.530%, 1/24/2028 †x# | LendingPoint | 1/26/2023 | 5942 | 5942 | 5893 |
| &nbsp;&nbsp;&nbsp; LAI-00754228, 12.480%, 1/16/2028 †x | LendingPoint | 1/26/2023 | 10911 | 10911 | 10901 |
| &nbsp;&nbsp;&nbsp; LAI-00754362, 13.460%, 1/23/2028 †x | LendingPoint | 1/26/2023 | 9280 | 9280 | 9286 |
| &nbsp;&nbsp;&nbsp; LAI-00754390, 11.550%, 12/01/2026 †x# | LendingPoint | 1/26/2023 | 12890 | 12733 | 12302 |
| &nbsp;&nbsp;&nbsp; LAI-00755137, 10.530%, 1/24/2028 †x | LendingPoint | 1/30/2023 | 6244 | 6244 | 6251 |
| &nbsp;&nbsp;&nbsp; LAI-00755290, 12.180%, 2/01/2028 †x# | LendingPoint | 1/30/2023 | 7582 | 7582 | 7464 |
| &nbsp;&nbsp;&nbsp; LAI-00755337, 13.170%, 1/24/2028 †x | LendingPoint | 1/30/2023 | 1468 | 1468 | 1457 |
| &nbsp;&nbsp;&nbsp; LAI-00755550, 10.530%, 1/28/2028 †x# | LendingPoint | 1/30/2023 | 15218 | 15218 | 14986 |
| &nbsp;&nbsp;&nbsp; LAI-00755627, 10.530%, 1/25/2028 †x# | LendingPoint | 1/30/2023 | 6383 | 6383 | 6340 |
| &nbsp;&nbsp;&nbsp; LAI-00755652, 12.230%, 1/28/2028 †x# | LendingPoint | 1/30/2023 | 2426 | 2426 | 2388 |
| &nbsp;&nbsp;&nbsp; LAI-00755671, 0.000%, 1/20/2026 †x^ | LendingPoint | 1/30/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00755752, 13.160%, 1/25/2028 †x# | LendingPoint | 1/30/2023 | 22477 | 22477 | 3288 |
| &nbsp;&nbsp;&nbsp; LAI-00755756, 9.790%, 3/30/2027 †x | LendingPoint | 1/30/2023 | 8266 | 8266 | 8230 |
| &nbsp;&nbsp;&nbsp; LAI-00755786, 10.040%, 1/25/2028 †x# | LendingPoint | 1/30/2023 | 2708 | 2708 | 2712 |
| &nbsp;&nbsp;&nbsp; LAI-00755882, 8.810%, 2/03/2026 †x^ | LendingPoint | 1/30/2023 | 47 | 47 | 47 |
| &nbsp;&nbsp;&nbsp; LAI-00755948, 13.460%, 1/25/2028 †x | LendingPoint | 1/30/2023 | 1965 | 1965 | 1976 |
| &nbsp;&nbsp;&nbsp; LAI-00756077, 0.000%, 1/28/2026 †x^ | LendingPoint | 1/30/2023 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00756263, 13.160%, 1/26/2028 †x# | LendingPoint | 1/31/2023 | 13250 | 1378 | 1251 |
| &nbsp;&nbsp;&nbsp; LAI-00756427, 13.460%, 1/26/2028 †x# | LendingPoint | 1/31/2023 | 5649 | 5649 | 5681 |
| &nbsp;&nbsp;&nbsp; LAI-00756454, 10.820%, 2/03/2028 †x | LendingPoint | 1/31/2023 | 11414 | 11414 | 11099 |
| &nbsp;&nbsp;&nbsp; LAI-00756476, 0.000%, 1/26/2026 †x^ | LendingPoint | 1/31/2023 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00756479, 10.520%, 1/26/2028 †x# | LendingPoint | 1/31/2023 | 2836 | 2836 | 2819 |
| &nbsp;&nbsp;&nbsp; LAI-00756487, 13.460%, 1/26/2028 †x# | LendingPoint | 1/31/2023 | 2780 | 2780 | 2796 |
| &nbsp;&nbsp;&nbsp; LAI-00756548, 13.590%, 4/30/2026 †x# | LendingPoint | 1/31/2023 | 13659 | 13426 | 14207 |
| &nbsp;&nbsp;&nbsp; LAI-00756577, 10.230%, 1/27/2028 †x# | LendingPoint | 1/31/2023 | 279 | 279 | 277 |
| &nbsp;&nbsp;&nbsp; LAI-00756610, 13.160%, 1/27/2028 †x# | LendingPoint | 1/31/2023 | 7349 | 7349 | 7258 |
| &nbsp;&nbsp;&nbsp; LAI-00756625, 12.480%, 1/27/2028 †x# | LendingPoint | 1/31/2023 | 14082 | 14082 | 13910 |
| &nbsp;&nbsp;&nbsp; LAI-00756715, 13.460%, 1/27/2028 †x# | LendingPoint | 2/02/2023 | 2081 | 2081 | 2097 |
| &nbsp;&nbsp;&nbsp; LAI-00756950, 11.210%, 1/27/2028 †x# | LendingPoint | 2/02/2023 | 7547 | 7547 | 7611 |
| &nbsp;&nbsp;&nbsp; LAI-00756952, 10.530%, 1/27/2028 †x# | LendingPoint | 2/02/2023 | 4186 | 4186 | 4168 |
| &nbsp;&nbsp;&nbsp; LAI-00756969, 12.480%, 12/30/2028 †x# | LendingPoint | 2/02/2023 | 5303 | 5303 | 5243 |
| &nbsp;&nbsp;&nbsp; LAI-00756975, 10.530%, 1/20/2027 †x# | LendingPoint | 2/02/2023 | 2795 | 2795 | 2839 |
| &nbsp;&nbsp;&nbsp; LAI-00756983, 10.040%, 2/06/2028 †x | LendingPoint | 2/02/2023 | 3706 | 3706 | 3656 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6288** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00757047, 10.530%, 1/27/2028 †x# | LendingPoint | 2/02/2023 | $13450 | $13450 | $13495 |
| &nbsp;&nbsp;&nbsp; LAI-00757272, 13.840%, 2/14/2028 †x | LendingPoint | 2/02/2023 | 2086 | 2086 | 2033 |
| &nbsp;&nbsp;&nbsp; LAI-00757282, 13.170%, 2/15/2028 †x | LendingPoint | 2/02/2023 | 6832 | 6832 | 6660 |
| &nbsp;&nbsp;&nbsp; LAI-00757295, 10.530%, 2/01/2028 †x# | LendingPoint | 2/02/2023 | 6269 | 6269 | 6195 |
| &nbsp;&nbsp;&nbsp; LAI-00757302, 10.530%, 2/15/2028 †x | LendingPoint | 2/02/2023 | 9632 | 9632 | 9521 |
| &nbsp;&nbsp;&nbsp; LAI-00757310, 10.230%, 2/01/2028 †x# | LendingPoint | 2/02/2023 | 3431 | 3431 | 3391 |
| &nbsp;&nbsp;&nbsp; LAI-00757327, 10.950%, 2/01/2028 †x# | LendingPoint | 2/02/2023 | 5939 | 5939 | 5869 |
| &nbsp;&nbsp;&nbsp; LAI-00757331, 13.820%, 3/10/2030 †x# | LendingPoint | 2/02/2023 | 13080 | 13080 | 1235 |
| &nbsp;&nbsp;&nbsp; LAI-00757362, 10.530%, 2/01/2028 †x# | LendingPoint | 2/02/2023 | 11609 | 11609 | 11472 |
| &nbsp;&nbsp;&nbsp; LAI-00757395, 30.640%, 2/16/2026 †x#^ | LendingPoint | 2/02/2023 | 9 | 9 |  |
| &nbsp;&nbsp;&nbsp; LAI-00757445, 12.230%, 2/02/2028 †x | LendingPoint | 2/02/2023 | 7604 | 7604 | 7519 |
| &nbsp;&nbsp;&nbsp; LAI-00757454, 10.820%, 4/02/2028 †x | LendingPoint | 2/02/2023 | 11362 | 11362 | 11064 |
| &nbsp;&nbsp;&nbsp; LAI-00757502, 10.280%, 2/02/2028 †x | LendingPoint | 2/02/2023 | 16694 | 16694 | 16513 |
| &nbsp;&nbsp;&nbsp; LAI-00757662, 29.510%, 6/02/2029 †x | LendingPoint | 2/03/2023 | 7799 | 7799 | 7590 |
| &nbsp;&nbsp;&nbsp; LAI-00757711, 25.120%, 2/03/2026 †x^ | LendingPoint | 2/03/2023 | 84 | 84 | 84 |
| &nbsp;&nbsp;&nbsp; LAI-00757770, 12.480%, 3/14/2028 †x | LendingPoint | 2/03/2023 | 6131 | 6131 | 6085 |
| &nbsp;&nbsp;&nbsp; LAI-00757771, 25.800%, 9/29/2028 †x# | LendingPoint | 2/03/2023 | 8134 | 7979 | 7804 |
| &nbsp;&nbsp;&nbsp; LAI-00757773, 24.890%, 2/13/2028 †x# | LendingPoint | 2/03/2023 | 3035 | 3035 | 2939 |
| &nbsp;&nbsp;&nbsp; LAI-00757818, 19.080%, 2/16/2028 †x | LendingPoint | 2/03/2023 | 3965 | 3965 | 3862 |
| &nbsp;&nbsp;&nbsp; LAI-00757836, 17.090%, 1/04/2028 †x | LendingPoint | 2/03/2023 | 4446 | 4446 | 4339 |
| &nbsp;&nbsp;&nbsp; LAI-00757840, 31.300%, 5/28/2028 †x# | LendingPoint | 2/03/2023 | 12014 | 12014 | 1758 |
| &nbsp;&nbsp;&nbsp; LAI-00757843, 16.400%, 3/08/2028 †x | LendingPoint | 2/03/2023 | 5029 | 5029 | 4977 |
| &nbsp;&nbsp;&nbsp; LAI-00757854, 11.250%, 2/02/2028 †x | LendingPoint | 2/03/2023 | 5662 | 5662 | 5515 |
| &nbsp;&nbsp;&nbsp; LAI-00757940, 22.140%, 2/02/2027 †§x | LendingPoint | 2/03/2023 | 1814 | 1814 | 1811 |
| &nbsp;&nbsp;&nbsp; LAI-00757946, 12.480%, 2/06/2028 †x | LendingPoint | 2/03/2023 | 2631 | 2631 | 2596 |
| &nbsp;&nbsp;&nbsp; LAI-00757971, 24.180%, 3/31/2026 †x | LendingPoint | 2/03/2023 | 4458 | 4458 | 3850 |
| &nbsp;&nbsp;&nbsp; LAI-00757974, 11.210%, 2/03/2028 †x | LendingPoint | 2/03/2023 | 3253 | 3253 | 3215 |
| &nbsp;&nbsp;&nbsp; LAI-00757981, 29.370%, 2/15/2028 †x | LendingPoint | 2/03/2023 | 1627 | 1627 | 1600 |
| &nbsp;&nbsp;&nbsp; LAI-00758005, 31.300%, 5/05/2029 †x# | LendingPoint | 2/03/2023 | 5860 | 5860 | 5453 |
| &nbsp;&nbsp;&nbsp; LAI-00758009, 10.950%, 3/31/2026 †x# | LendingPoint | 2/03/2023 | 5011 | 5011 | 4899 |
| &nbsp;&nbsp;&nbsp; LAI-00758022, 29.520%, 2/08/2027 †x# | LendingPoint | 2/03/2023 | 4404 | 4404 | 416 |
| &nbsp;&nbsp;&nbsp; LAI-00758029, 12.910%, 2/02/2028 †x | LendingPoint | 2/03/2023 | 2538 | 2538 | 2510 |
| &nbsp;&nbsp;&nbsp; LAI-00758073, 10.820%, 2/03/2028 †x | LendingPoint | 2/03/2023 | 4899 | 4899 | 4786 |
| &nbsp;&nbsp;&nbsp; LAI-00758075, 9.790%, 2/03/2028 †x | LendingPoint | 2/03/2023 | 2596 | 2596 | 2572 |
| &nbsp;&nbsp;&nbsp; LAI-00758077, 21.270%, 2/03/2028 †x | LendingPoint | 2/03/2023 | 5681 | 5681 | 5608 |
| &nbsp;&nbsp;&nbsp; LAI-00758083, 15.320%, 2/03/2027 †§x | LendingPoint | 2/03/2023 | 2701 | 2701 | 1612 |
| &nbsp;&nbsp;&nbsp; LAI-00758090, 10.820%, 2/17/2028 †x | LendingPoint | 2/03/2023 | 2146 | 2146 | 2106 |
| &nbsp;&nbsp;&nbsp; LAI-00758091, 31.220%, 2/15/2028 †x | LendingPoint | 2/03/2023 | 6683 | 6683 | 6634 |
| &nbsp;&nbsp;&nbsp; LAI-00758173, 10.520%, 1/15/2028 †x# | LendingPoint | 2/03/2023 | 4000 | 4000 | 3916 |
| &nbsp;&nbsp;&nbsp; LAI-00758217, 30.120%, 4/03/2027 †x | LendingPoint | 2/03/2023 | 2793 | 2793 | 2807 |
| &nbsp;&nbsp;&nbsp; LAI-00758932, 11.210%, 2/04/2028 †x | LendingPoint | 2/07/2023 | 7028 | 7028 | 6971 |
| &nbsp;&nbsp;&nbsp; LAI-00758956, 30.800%, 10/25/2028 †x# | LendingPoint | 2/07/2023 | 4906 | 4906 | 4847 |
| &nbsp;&nbsp;&nbsp; LAI-00759056, 30.120%, 4/04/2027 †x# | LendingPoint | 2/07/2023 | 6398 | 6398 | 6231 |
| &nbsp;&nbsp;&nbsp; LAI-00759066, 6.000%, 5/16/2028 †x | LendingPoint | 2/07/2023 | 6337 | 6337 | 6291 |
| &nbsp;&nbsp;&nbsp; LAI-00759099, 23.940%, 2/04/2025 †§x^ | LendingPoint | 2/07/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00759102, 11.800%, 2/04/2028 †x | LendingPoint | 2/07/2023 | 4721 | 4721 | 4682 |
| &nbsp;&nbsp;&nbsp; LAI-00759165, 30.120%, 2/04/2027 †§x | LendingPoint | 2/07/2023 | 806 | 806 | 809 |
| &nbsp;&nbsp;&nbsp; LAI-00759210, 22.770%, 2/18/2028 †x# | LendingPoint | 2/07/2023 | 5356 | 5356 | 5274 |
| &nbsp;&nbsp;&nbsp; LAI-00759401, 13.170%, 2/16/2028 †x | LendingPoint | 2/08/2023 | 2134 | 2134 | 2091 |
| &nbsp;&nbsp;&nbsp; LAI-00759447, 11.210%, 2/05/2028 †x | LendingPoint | 2/08/2023 | 7587 | 7587 | 7529 |
| &nbsp;&nbsp;&nbsp; LAI-00759543, 13.810%, 2/05/2027 †x | LendingPoint | 2/08/2023 | 3197 | 3197 | 3199 |
| &nbsp;&nbsp;&nbsp; LAI-00759625, 10.520%, 2/17/2028 †x | LendingPoint | 2/08/2023 | 6960 | 6960 | 6884 |
| &nbsp;&nbsp;&nbsp; LAI-00759643, 13.170%, 2/07/2028 †x | LendingPoint | 2/08/2023 | 8236 | 8236 | 8017 |
| &nbsp;&nbsp;&nbsp; LAI-00759647, 11.200%, 2/05/2028 †x | LendingPoint | 2/08/2023 | 9286 | 9286 | 9190 |
| &nbsp;&nbsp;&nbsp; LAI-00759667, 0.000%, 2/05/2028 †x | LendingPoint | 2/08/2023 | 215 | 215 | 215 |
| &nbsp;&nbsp;&nbsp; LAI-00759734, 16.330%, 2/05/2028 †x | LendingPoint | 2/08/2023 | 5832 | 5832 | 5766 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6289** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00759790, 12.910%, 2/06/2028 †x | LendingPoint | 2/08/2023 | $5757 | $5757 | $5697 |
| &nbsp;&nbsp;&nbsp; LAI-00759830, 10.530%, 2/06/2028 †x | LendingPoint | 2/08/2023 | 6856 | 6856 | 6717 |
| &nbsp;&nbsp;&nbsp; LAI-00763432, 24.670%, 1/15/2028 †x | LendingPoint | 2/16/2023 | 18855 | 18855 | 18622 |
| &nbsp;&nbsp;&nbsp; LAI-00763463, 28.060%, 2/13/2028 †x# | LendingPoint | 2/16/2023 | 9279 | 9279 | 8961 |
| &nbsp;&nbsp;&nbsp; LAI-00763473, 20.650%, 1/16/2028 †x | LendingPoint | 2/16/2023 | 3876 | 3876 | 3779 |
| &nbsp;&nbsp;&nbsp; LAI-00763540, 17.620%, 2/13/2028 †x# | LendingPoint | 2/16/2023 | 8669 | 8669 | 8588 |
| &nbsp;&nbsp;&nbsp; LAI-00763590, 17.380%, 4/02/2028 †x# | LendingPoint | 2/16/2023 | 12731 | 12731 | 12564 |
| &nbsp;&nbsp;&nbsp; LAI-00763613, 31.300%, 1/20/2028 †x# | LendingPoint | 2/16/2023 | 7468 | 7468 | 705 |
| &nbsp;&nbsp;&nbsp; LAI-00763620, 24.210%, 2/13/2028 †x# | LendingPoint | 2/16/2023 | 5270 | 5270 | 5215 |
| &nbsp;&nbsp;&nbsp; LAI-00763660, 20.470%, 2/26/2026 †x^ | LendingPoint | 2/16/2023 | 7298 | 7493 | 6205 |
| &nbsp;&nbsp;&nbsp; LAI-00763666, 0.000%, 1/16/2028 †x | LendingPoint | 2/16/2023 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00763672, 22.680%, 12/23/2027 †x | LendingPoint | 2/16/2023 | 7071 | 7071 | 6921 |
| &nbsp;&nbsp;&nbsp; LAI-00763787, 30.800%, 3/16/2028 †x | LendingPoint | 2/16/2023 | 2633 | 2633 | 2584 |
| &nbsp;&nbsp;&nbsp; LAI-00763793, 16.630%, 2/13/2028 †x# | LendingPoint | 2/16/2023 | 5003 | 5003 | 4918 |
| &nbsp;&nbsp;&nbsp; LAI-00763861, 24.670%, 2/14/2028 †x | LendingPoint | 2/16/2023 | 14546 | 14546 | 14401 |
| &nbsp;&nbsp;&nbsp; LAI-00763926, 21.370%, 2/14/2028 †x | LendingPoint | 2/16/2023 | 674 | 674 | 663 |
| &nbsp;&nbsp;&nbsp; LAI-00764079, 15.990%, 2/29/2028 †x# | LendingPoint | 2/16/2023 | 7611 | 7611 | 7307 |
| &nbsp;&nbsp;&nbsp; LAI-00764219, 19.020%, 2/16/2026 †§x^ | LendingPoint | 2/16/2023 | 77 | 77 |  |
| &nbsp;&nbsp;&nbsp; LAI-00764225, 16.240%, 5/21/2028 †x | LendingPoint | 2/16/2023 | 9674 | 9674 | 9448 |
| &nbsp;&nbsp;&nbsp; LAI-00764235, 0.000%, 2/16/2028 †x# | LendingPoint | 2/16/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00764246, 16.270%, 2/16/2028 †x | LendingPoint | 2/16/2023 | 5252 | 5252 | 5149 |
| &nbsp;&nbsp;&nbsp; LAI-00764266, 20.150%, 2/16/2027 †§x | LendingPoint | 2/16/2023 | 2955 | 2955 | 3004 |
| &nbsp;&nbsp;&nbsp; LAI-00764277, 15.780%, 2/16/2028 †x | LendingPoint | 2/16/2023 | 10442 | 10442 | 10239 |
| &nbsp;&nbsp;&nbsp; LAI-00764369, 26.100%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 2112 | 2112 | 2061 |
| &nbsp;&nbsp;&nbsp; LAI-00764370, 15.000%, 8/31/2026 †x# | LendingPoint | 2/17/2023 | 1770 | 1770 | 1772 |
| &nbsp;&nbsp;&nbsp; LAI-00764371, 28.520%, 2/24/2026 †x^ | LendingPoint | 2/17/2023 | 184 | 184 | 186 |
| &nbsp;&nbsp;&nbsp; LAI-00764381, 31.300%, 9/27/2028 †x# | LendingPoint | 2/17/2023 | 9754 | 9754 | 9216 |
| &nbsp;&nbsp;&nbsp; LAI-00764405, 15.420%, 4/27/2026 †x# | LendingPoint | 2/17/2023 | 281 | 281 | 283 |
| &nbsp;&nbsp;&nbsp; LAI-00764475, 31.300%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 3946 | 3946 | 3961 |
| &nbsp;&nbsp;&nbsp; LAI-00764478, 15.400%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 3954 | 3954 | 3922 |
| &nbsp;&nbsp;&nbsp; LAI-00764504, 22.970%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 5401 | 5401 | 5283 |
| &nbsp;&nbsp;&nbsp; LAI-00764541, 19.380%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 11096 | 11096 | 10865 |
| &nbsp;&nbsp;&nbsp; LAI-00764547, 30.460%, 5/05/2028 †x# | LendingPoint | 2/17/2023 | 4492 | 4492 | 4406 |
| &nbsp;&nbsp;&nbsp; LAI-00764549, 29.720%, 2/16/2027 †§x | LendingPoint | 2/17/2023 | 1855 | 1855 | 1879 |
| &nbsp;&nbsp;&nbsp; LAI-00764552, 15.320%, 12/30/2026 †x# | LendingPoint | 2/17/2023 | 1732 | 1732 | 1723 |
| &nbsp;&nbsp;&nbsp; LAI-00764612, 15.490%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 12271 | 12271 | 12178 |
| &nbsp;&nbsp;&nbsp; LAI-00764671, 29.430%, 2/16/2027 †§x | LendingPoint | 2/17/2023 | 998 | 998 | 1024 |
| &nbsp;&nbsp;&nbsp; LAI-00764682, 31.300%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 1577 | 1577 | 1584 |
| &nbsp;&nbsp;&nbsp; LAI-00764688, 21.650%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 11740 | 11740 | 11492 |
| &nbsp;&nbsp;&nbsp; LAI-00764699, 30.120%, 2/16/2027 †§x | LendingPoint | 2/17/2023 | 2607 | 2607 | 2676 |
| &nbsp;&nbsp;&nbsp; LAI-00764725, 25.620%, 2/16/2027 †§x | LendingPoint | 2/17/2023 | 1910 | 1910 | 1932 |
| &nbsp;&nbsp;&nbsp; LAI-00764732, 19.490%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 2610 | 2610 | 2558 |
| &nbsp;&nbsp;&nbsp; LAI-00764740, 24.180%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 2343 | 2343 | 2291 |
| &nbsp;&nbsp;&nbsp; LAI-00764745, 25.190%, 2/16/2028 †x | LendingPoint | 2/17/2023 | 11860 | 11860 | 11744 |
| &nbsp;&nbsp;&nbsp; LAI-00764750, 15.280%, 2/24/2027 †x | LendingPoint | 2/17/2023 | 808 | 808 | 820 |
| &nbsp;&nbsp;&nbsp; LAI-00764757, 30.120%, 2/16/2027 †§x | LendingPoint | 2/17/2023 | 1010 | 1010 | 1037 |
| &nbsp;&nbsp;&nbsp; LAI-00764802, 15.280%, 6/08/2028 †x# | LendingPoint | 2/17/2023 | 11007 | 11007 | 1039 |
| &nbsp;&nbsp;&nbsp; LAI-00764851, 0.000%, 2/17/2028 †x | LendingPoint | 2/17/2023 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; LAI-00764862, 30.690%, 2/23/2027 †x | LendingPoint | 2/17/2023 | 3505 | 3505 | 3445 |
| &nbsp;&nbsp;&nbsp; LAI-00764868, 20.220%, 2/17/2028 †x | LendingPoint | 2/17/2023 | 5245 | 5245 | 5137 |
| &nbsp;&nbsp;&nbsp; LAI-00764885, 22.990%, 2/17/2028 †x | LendingPoint | 2/17/2023 | 9639 | 9639 | 9417 |
| &nbsp;&nbsp;&nbsp; LAI-00764895, 20.580%, 11/28/2026 †x | LendingPoint | 2/17/2023 | 8558 | 8558 | 8029 |
| &nbsp;&nbsp;&nbsp; LAI-00765042, 15.990%, 10/31/2027 †x# | LendingPoint | 2/21/2023 | 4356 | 4356 | 4201 |
| &nbsp;&nbsp;&nbsp; LAI-00765048, 30.120%, 2/17/2027 †§x | LendingPoint | 2/21/2023 | 806 | 806 | 828 |
| &nbsp;&nbsp;&nbsp; LAI-00765050, 28.840%, 2/17/2028 †x# | LendingPoint | 2/21/2023 | 5785 | 5785 | 1318 |
| &nbsp;&nbsp;&nbsp; LAI-00765061, 15.240%, 2/17/2028 †x | LendingPoint | 2/21/2023 | 4444 | 4444 | 4424 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6290** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00765140, 30.800%, 1/28/2028 †x# | LendingPoint | 2/21/2023 | $2494 | $2494 | $365 |
| &nbsp;&nbsp;&nbsp; LAI-00765182, 20.660%, 2/17/2028 †x | LendingPoint | 2/21/2023 | 9589 | 9589 | 9527 |
| &nbsp;&nbsp;&nbsp; LAI-00765203, 16.880%, 2/17/2028 †x | LendingPoint | 2/21/2023 | 4801 | 4801 | 4707 |
| &nbsp;&nbsp;&nbsp; LAI-00765209, 30.460%, 2/29/2028 †x# | LendingPoint | 2/21/2023 | 4880 | 4880 | 4766 |
| &nbsp;&nbsp;&nbsp; LAI-00765220, 21.210%, 1/22/2028 †x | LendingPoint | 2/21/2023 | 14309 | 14309 | 14180 |
| &nbsp;&nbsp;&nbsp; LAI-00765277, 31.300%, 1/21/2028 †x | LendingPoint | 2/21/2023 | 2562 | 2562 | 2567 |
| &nbsp;&nbsp;&nbsp; LAI-00765280, 20.060%, 12/05/2027 †x# | LendingPoint | 2/21/2023 | 8349 | 8349 | 7899 |
| &nbsp;&nbsp;&nbsp; LAI-00765297, 15.270%, 9/17/2028 †x | LendingPoint | 2/21/2023 | 12394 | 12394 | 12004 |
| &nbsp;&nbsp;&nbsp; LAI-00765316, 25.310%, 2/17/2027 †x# | LendingPoint | 2/21/2023 | 3693 | 3693 | 349 |
| &nbsp;&nbsp;&nbsp; LAI-00765325, 30.690%, 2/17/2027 †§x | LendingPoint | 2/21/2023 | 1786 | 1786 | 1807 |
| &nbsp;&nbsp;&nbsp; LAI-00765337, 28.630%, 4/24/2026 †x | LendingPoint | 2/21/2023 | 5317 | 5317 | 4749 |
| &nbsp;&nbsp;&nbsp; LAI-00765351, 19.580%, 2/20/2028 †x# | LendingPoint | 2/21/2023 | 11257 | 11257 | 3307 |
| &nbsp;&nbsp;&nbsp; LAI-00765371, 31.300%, 2/17/2028 †x# | LendingPoint | 2/21/2023 | 3105 | 3105 | 3118 |
| &nbsp;&nbsp;&nbsp; LAI-00765389, 30.800%, 7/25/2029 †x# | LendingPoint | 2/21/2023 | 8451 | 8451 | 1421 |
| &nbsp;&nbsp;&nbsp; LAI-00765406, 31.300%, 5/17/2029 †x# | LendingPoint | 2/21/2023 | 18060 | 18060 | 3011 |
| &nbsp;&nbsp;&nbsp; LAI-00765417, 15.280%, 2/28/2028 †x# | LendingPoint | 2/21/2023 | 15771 | 15771 | 15143 |
| &nbsp;&nbsp;&nbsp; LAI-00765423, 29.090%, 2/17/2028 †x | LendingPoint | 2/21/2023 | 6168 | 6168 | 6025 |
| &nbsp;&nbsp;&nbsp; LAI-00765455, 15.770%, 2/18/2027 †x | LendingPoint | 2/21/2023 | 5441 | 5441 | 5472 |
| &nbsp;&nbsp;&nbsp; LAI-00765484, 24.890%, 3/18/2029 †x# | LendingPoint | 2/21/2023 | 25926 | 25926 | 25252 |
| &nbsp;&nbsp;&nbsp; LAI-00765485, 31.170%, 2/18/2027 †x# | LendingPoint | 2/21/2023 | 1254 | 1254 | 468 |
| &nbsp;&nbsp;&nbsp; LAI-00765549, 16.760%, 2/18/2028 †x | LendingPoint | 2/21/2023 | 5799 | 5799 | 5774 |
| &nbsp;&nbsp;&nbsp; LAI-00765550, 28.940%, 2/28/2026 †x#^ | LendingPoint | 2/21/2023 | 232 | 232 | 232 |
| &nbsp;&nbsp;&nbsp; LAI-00765653, 28.520%, 2/28/2027 †x# | LendingPoint | 2/21/2023 | 3875 | 3875 | 3841 |
| &nbsp;&nbsp;&nbsp; LAI-00765660, 22.680%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 6321 | 6321 | 6136 |
| &nbsp;&nbsp;&nbsp; LAI-00765670, 30.120%, 2/18/2027 †§x# | LendingPoint | 2/21/2023 | 2013 | 2013 | 2069 |
| &nbsp;&nbsp;&nbsp; LAI-00765688, 18.370%, 10/07/2026 †x# | LendingPoint | 2/21/2023 | 15009 | 15009 | 14848 |
| &nbsp;&nbsp;&nbsp; LAI-00765689, 16.290%, 2/28/2027 †x# | LendingPoint | 2/21/2023 | 616 | 616 | 614 |
| &nbsp;&nbsp;&nbsp; LAI-00765738, 23.910%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 2979 | 2979 | 2958 |
| &nbsp;&nbsp;&nbsp; LAI-00765744, 15.760%, 2/29/2028 †x# | LendingPoint | 2/21/2023 | 3530 | 3530 | 3467 |
| &nbsp;&nbsp;&nbsp; LAI-00765756, 20.470%, 1/20/2028 †x | LendingPoint | 2/21/2023 | 14758 | 14758 | 14407 |
| &nbsp;&nbsp;&nbsp; LAI-00765792, 16.240%, 2/29/2028 †x# | LendingPoint | 2/21/2023 | 4299 | 4299 | 4151 |
| &nbsp;&nbsp;&nbsp; LAI-00765806, 15.280%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 15545 | 15545 | 15211 |
| &nbsp;&nbsp;&nbsp; LAI-00765831, 15.650%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 12083 | 12083 | 11820 |
| &nbsp;&nbsp;&nbsp; LAI-00765854, 15.270%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 6288 | 6288 | 594 |
| &nbsp;&nbsp;&nbsp; LAI-00765890, 30.120%, 3/26/2026 †x | LendingPoint | 2/21/2023 | 4610 | 4610 | 4335 |
| &nbsp;&nbsp;&nbsp; LAI-00765894, 19.080%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 5530 | 5530 | 5420 |
| &nbsp;&nbsp;&nbsp; LAI-00765902, 30.470%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 8900 | 8900 | 1543 |
| &nbsp;&nbsp;&nbsp; LAI-00765947, 30.690%, 2/28/2027 †x# | LendingPoint | 2/21/2023 | 5570 | 5570 | 5560 |
| &nbsp;&nbsp;&nbsp; LAI-00766009, 16.880%, 2/20/2028 †x | LendingPoint | 2/21/2023 | 8141 | 8141 | 7957 |
| &nbsp;&nbsp;&nbsp; LAI-00766039, 30.120%, 2/18/2027 †x# | LendingPoint | 2/21/2023 | 2012 | 2012 | 2068 |
| &nbsp;&nbsp;&nbsp; LAI-00766040, 19.120%, 2/18/2027 †§x | LendingPoint | 2/21/2023 | 1673 | 1673 | 1724 |
| &nbsp;&nbsp;&nbsp; LAI-00766049, 15.400%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 171 | 171 |  |
| &nbsp;&nbsp;&nbsp; LAI-00766054, 30.800%, 8/26/2030 †x# | LendingPoint | 2/21/2023 | 3525 | 3525 | 3401 |
| &nbsp;&nbsp;&nbsp; LAI-00766102, 15.400%, 11/24/2026 †x# | LendingPoint | 2/21/2023 | 15683 | 15683 | 15471 |
| &nbsp;&nbsp;&nbsp; LAI-00766103, 31.060%, 1/24/2028 †x | LendingPoint | 2/21/2023 | 8414 | 8414 | 8451 |
| &nbsp;&nbsp;&nbsp; LAI-00766135, 30.960%, 10/01/2026 †x# | LendingPoint | 2/21/2023 | 23409 | 23409 | 22492 |
| &nbsp;&nbsp;&nbsp; LAI-00766153, 15.780%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 8864 | 8864 | 8826 |
| &nbsp;&nbsp;&nbsp; LAI-00766158, 19.380%, 2/27/2028 †x# | LendingPoint | 2/21/2023 | 4215 | 4215 | 4066 |
| &nbsp;&nbsp;&nbsp; LAI-00766173, 16.880%, 2/18/2028 †x# | LendingPoint | 2/21/2023 | 5479 | 5479 | 5357 |
| &nbsp;&nbsp;&nbsp; LAI-00766182, 24.280%, 2/01/2029 †x# | LendingPoint | 2/21/2023 | 6784 | 6784 | 6405 |
| &nbsp;&nbsp;&nbsp; LAI-00766184, 16.880%, 2/19/2028 †x# | LendingPoint | 2/21/2023 | 11593 | 11593 | 11372 |
| &nbsp;&nbsp;&nbsp; LAI-00766189, 30.120%, 2/19/2027 †§x# | LendingPoint | 2/21/2023 | 2955 | 2955 | 3010 |
| &nbsp;&nbsp;&nbsp; LAI-00766209, 29.480%, 2/19/2028 †x# | LendingPoint | 2/21/2023 | 11902 | 11902 | 11632 |
| &nbsp;&nbsp;&nbsp; LAI-00766233, 17.490%, 3/31/2026 †x# | LendingPoint | 2/21/2023 | 7130 | 7130 | 6681 |
| &nbsp;&nbsp;&nbsp; LAI-00766256, 16.270%, 2/19/2028 †x# | LendingPoint | 2/21/2023 | 8142 | 8142 | 7991 |
| &nbsp;&nbsp;&nbsp; LAI-00766299, 23.950%, 2/19/2028 †x# | LendingPoint | 2/21/2023 | 1464 | 1464 | 1455 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6291** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00766319, 23.430%, 3/21/2028 †x# | LendingPoint | 2/21/2023 | $12874 | $12874 | $12619 |
| &nbsp;&nbsp;&nbsp; LAI-00766336, 28.310%, 2/19/2028 †x# | LendingPoint | 2/21/2023 | 2819 | 2819 | 2746 |
| &nbsp;&nbsp;&nbsp; LAI-00766346, 31.300%, 7/19/2028 †x | LendingPoint | 2/21/2023 | 5884 | 5884 | 5827 |
| &nbsp;&nbsp;&nbsp; LAI-00766377, 18.790%, 2/19/2027 †x# | LendingPoint | 2/23/2023 | 13057 | 13057 | 12758 |
| &nbsp;&nbsp;&nbsp; LAI-00766409, 24.490%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 8238 | 8238 | 8046 |
| &nbsp;&nbsp;&nbsp; LAI-00766428, 25.970%, 2/19/2027 †§x# | LendingPoint | 2/23/2023 | 1624 | 1624 | 1672 |
| &nbsp;&nbsp;&nbsp; LAI-00766473, 19.640%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 19170 | 19170 | 19037 |
| &nbsp;&nbsp;&nbsp; LAI-00766474, 19.830%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 11767 | 11767 | 11533 |
| &nbsp;&nbsp;&nbsp; LAI-00766516, 19.230%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 8880 | 8880 | 8814 |
| &nbsp;&nbsp;&nbsp; LAI-00766524, 15.400%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 7859 | 7859 | 7826 |
| &nbsp;&nbsp;&nbsp; LAI-00766529, 20.470%, 2/15/2028 †x | LendingPoint | 2/23/2023 | 9394 | 9394 | 9236 |
| &nbsp;&nbsp;&nbsp; LAI-00766549, 16.880%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 17966 | 17966 | 17579 |
| &nbsp;&nbsp;&nbsp; LAI-00766561, 18.790%, 2/19/2027 †x# | LendingPoint | 2/23/2023 | 5036 | 5036 | 5063 |
| &nbsp;&nbsp;&nbsp; LAI-00766623, 18.490%, 7/19/2029 †x# | LendingPoint | 2/23/2023 | 11424 | 11424 | 1078 |
| &nbsp;&nbsp;&nbsp; LAI-00766643, 23.680%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 11090 | 11090 | 11017 |
| &nbsp;&nbsp;&nbsp; LAI-00766677, 15.400%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 12162 | 12162 | 12076 |
| &nbsp;&nbsp;&nbsp; LAI-00766683, 22.970%, 1/24/2028 †x | LendingPoint | 2/23/2023 | 1845 | 1845 | 553 |
| &nbsp;&nbsp;&nbsp; LAI-00766708, 15.400%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 1482 | 1482 | 1472 |
| &nbsp;&nbsp;&nbsp; LAI-00766718, 29.370%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 1834 | 1834 | 1825 |
| &nbsp;&nbsp;&nbsp; LAI-00766728, 0.000%, 2/15/2028 †x | LendingPoint | 2/23/2023 | 11 | 11 |  |
| &nbsp;&nbsp;&nbsp; LAI-00766763, 26.200%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 3113 | 3113 | 3045 |
| &nbsp;&nbsp;&nbsp; LAI-00766774, 23.990%, 1/27/2028 †x# | LendingPoint | 2/23/2023 | 5957 | 5957 | 5707 |
| &nbsp;&nbsp;&nbsp; LAI-00766788, 15.630%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 7936 | 7936 | 7788 |
| &nbsp;&nbsp;&nbsp; LAI-00766800, 15.270%, 6/19/2028 †x# | LendingPoint | 2/23/2023 | 14280 | 14280 | 13991 |
| &nbsp;&nbsp;&nbsp; LAI-00766802, 29.340%, 5/10/2028 †x | LendingPoint | 2/23/2023 | 5500 | 5500 | 5420 |
| &nbsp;&nbsp;&nbsp; LAI-00766816, 22.780%, 2/29/2028 †x# | LendingPoint | 2/23/2023 | 11702 | 11702 | 11281 |
| &nbsp;&nbsp;&nbsp; LAI-00766835, 29.020%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 12953 | 12953 | 13030 |
| &nbsp;&nbsp;&nbsp; LAI-00766839, 23.530%, 2/15/2028 †x# | LendingPoint | 2/23/2023 | 12705 | 12705 | 12480 |
| &nbsp;&nbsp;&nbsp; LAI-00766846, 15.400%, 2/19/2028 †x# | LendingPoint | 2/23/2023 | 8445 | 8445 | 8385 |
| &nbsp;&nbsp;&nbsp; LAI-00766900, 23.220%, 2/20/2027 †x# | LendingPoint | 2/23/2023 | 8654 | 8654 | 8701 |
| &nbsp;&nbsp;&nbsp; LAI-00766908, 17.370%, 2/20/2028 †x# | LendingPoint | 2/23/2023 | 18273 | 18273 | 17882 |
| &nbsp;&nbsp;&nbsp; LAI-00766934, 20.650%, 2/20/2028 †x | LendingPoint | 2/23/2023 | 9721 | 9721 | 9484 |
| &nbsp;&nbsp;&nbsp; LAI-00766945, 19.470%, 2/20/2028 †x | LendingPoint | 2/23/2023 | 9292 | 9292 | 9111 |
| &nbsp;&nbsp;&nbsp; LAI-00766947, 16.270%, 2/20/2028 †x | LendingPoint | 2/23/2023 | 3152 | 3152 | 3095 |
| &nbsp;&nbsp;&nbsp; LAI-00766953, 15.320%, 2/20/2027 †x# | LendingPoint | 2/23/2023 | 3963 | 3963 | 4039 |
| &nbsp;&nbsp;&nbsp; LAI-00766956, 16.240%, 2/21/2028 †x | LendingPoint | 2/23/2023 | 10617 | 10617 | 10385 |
| &nbsp;&nbsp;&nbsp; LAI-00766967, 30.800%, 1/30/2028 †x# | LendingPoint | 2/23/2023 | 4594 | 4594 | 4482 |
| &nbsp;&nbsp;&nbsp; LAI-00766971, 15.630%, 2/20/2028 †x | LendingPoint | 2/23/2023 | 4851 | 4851 |  |
| &nbsp;&nbsp;&nbsp; LAI-00767059, 26.870%, 2/26/2028 †x# | LendingPoint | 2/24/2023 | 3664 | 3664 | 3682 |
| &nbsp;&nbsp;&nbsp; LAI-00767105, 0.000%, 2/20/2028 †x | LendingPoint | 2/24/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00767143, 19.320%, 2/20/2028 †x | LendingPoint | 2/24/2023 | 371 | 371 |  |
| &nbsp;&nbsp;&nbsp; LAI-00767153, 28.990%, 2/20/2027 †§x | LendingPoint | 2/24/2023 | 1811 | 1811 | 1862 |
| &nbsp;&nbsp;&nbsp; LAI-00767349, 25.170%, 6/20/2028 †x | LendingPoint | 2/24/2023 | 7933 | 7933 | 7683 |
| &nbsp;&nbsp;&nbsp; LAI-00767361, 24.000%, 2/17/2027 †x | LendingPoint | 2/24/2023 | 1223 | 1223 | 1256 |
| &nbsp;&nbsp;&nbsp; LAI-00767380, 15.240%, 4/26/2027 †x | LendingPoint | 2/24/2023 | 21806 | 21806 | 21149 |
| &nbsp;&nbsp;&nbsp; LAI-00767400, 28.760%, 7/23/2026 †x | LendingPoint | 2/24/2023 | 5793 | 5793 | 5655 |
| &nbsp;&nbsp;&nbsp; LAI-00767447, 0.000%, 2/20/2027 †x# | LendingPoint | 2/24/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00767460, 18.620%, 2/21/2028 †x | LendingPoint | 2/24/2023 | 2017 | 2017 | 2005 |
| &nbsp;&nbsp;&nbsp; LAI-00767473, 29.420%, 2/21/2027 †§x | LendingPoint | 2/24/2023 | 1580 | 1580 | 1640 |
| &nbsp;&nbsp;&nbsp; LAI-00767546, 0.000%, 2/21/2028 †x | LendingPoint | 2/24/2023 | 17 | 17 | 17 |
| &nbsp;&nbsp;&nbsp; LAI-00767552, 27.130%, 2/21/2028 †x | LendingPoint | 2/24/2023 | 2366 | 2366 | 2324 |
| &nbsp;&nbsp;&nbsp; LAI-00767568, 16.400%, 2/21/2028 †x | LendingPoint | 2/24/2023 | 2993 | 2993 | 2982 |
| &nbsp;&nbsp;&nbsp; LAI-00767626, 28.760%, 1/24/2027 †x | LendingPoint | 2/24/2023 | 2950 | 2950 | 3021 |
| &nbsp;&nbsp;&nbsp; LAI-00767648, 21.650%, 3/14/2028 †x# | LendingPoint | 2/24/2023 | 5944 | 5944 | 1270 |
| &nbsp;&nbsp;&nbsp; LAI-00767655, 31.300%, 7/21/2028 †x | LendingPoint | 2/24/2023 | 8588 | 8588 | 8210 |
| &nbsp;&nbsp;&nbsp; LAI-00767658, 16.240%, 8/26/2030 †x# | LendingPoint | 2/24/2023 | 7076 | 7076 | 668 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6292** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00767665, 20.290%, 4/30/2027 †x | LendingPoint | 2/24/2023 | $5250 | $5250 | $5201 |
| &nbsp;&nbsp;&nbsp; LAI-00767721, 19.470%, 2/22/2028 †x# | LendingPoint | 2/24/2023 | 4833 | 4833 | 4750 |
| &nbsp;&nbsp;&nbsp; LAI-00767722, 29.590%, 2/17/2028 †x | LendingPoint | 2/24/2023 | 7291 | 7291 | 7152 |
| &nbsp;&nbsp;&nbsp; LAI-00767779, 15.780%, 2/22/2028 †x | LendingPoint | 2/24/2023 | 3648 | 3648 | 3638 |
| &nbsp;&nbsp;&nbsp; LAI-00767847, 28.370%, 2/23/2028 †x | LendingPoint | 2/24/2023 | 8651 | 8651 | 8600 |
| &nbsp;&nbsp;&nbsp; LAI-00767858, 21.780%, 2/23/2028 †x | LendingPoint | 2/24/2023 | 6986 | 6986 | 7076 |
| &nbsp;&nbsp;&nbsp; LAI-00767859, 16.400%, 2/23/2028 †x | LendingPoint | 2/24/2023 | 2501 | 2501 | 2485 |
| &nbsp;&nbsp;&nbsp; LAI-00767909, 15.780%, 2/23/2028 †x | LendingPoint | 2/24/2023 | 11469 | 11469 | 11275 |
| &nbsp;&nbsp;&nbsp; LAI-00768018, 21.270%, 2/23/2028 †x# | LendingPoint | 2/24/2023 | 19331 | 19331 | 1825 |
| &nbsp;&nbsp;&nbsp; LAI-00768039, 29.090%, 1/28/2028 †x# | LendingPoint | 2/24/2023 | 3447 | 3447 | 3319 |
| &nbsp;&nbsp;&nbsp; LAI-00768077, 0.000%, 2/24/2028 †x# | LendingPoint | 2/24/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00768144, 15.280%, 2/23/2027 †x | LendingPoint | 2/24/2023 | 2445 | 2445 | 2458 |
| &nbsp;&nbsp;&nbsp; LAI-00768161, 15.270%, 2/28/2026 †x#^ | LendingPoint | 2/24/2023 | 6739 | 7405 | 5788 |
| &nbsp;&nbsp;&nbsp; LAI-00768166, 17.380%, 2/23/2028 †x# | LendingPoint | 2/24/2023 | 5252 | 5252 | 5234 |
| &nbsp;&nbsp;&nbsp; LAI-00768203, 18.570%, 2/17/2028 †x | LendingPoint | 2/24/2023 | 17405 | 17405 | 17384 |
| &nbsp;&nbsp;&nbsp; LAI-00768414, 16.240%, 2/23/2028 †x | LendingPoint | 2/24/2023 | 12232 | 12232 | 11993 |
| &nbsp;&nbsp;&nbsp; LAI-00768456, 13.800%, 2/16/2028 †x | LendingPoint | 2/24/2023 | 5297 | 5297 | 5298 |
| &nbsp;&nbsp;&nbsp; LAI-00768460, 17.380%, 2/23/2028 †x | LendingPoint | 2/24/2023 | 17353 | 17353 | 17296 |
| &nbsp;&nbsp;&nbsp; LAI-00768487, 15.320%, 6/23/2027 †x | LendingPoint | 2/24/2023 | 5274 | 5274 | 5385 |
| &nbsp;&nbsp;&nbsp; LAI-00768496, 30.120%, 6/05/2027 †x | LendingPoint | 2/24/2023 | 3934 | 3934 | 3964 |
| &nbsp;&nbsp;&nbsp; LAI-00768511, 29.510%, 1/31/2028 †x# | LendingPoint | 2/24/2023 | 1184 | 1184 | 1164 |
| &nbsp;&nbsp;&nbsp; LAI-00768519, 21.560%, 1/24/2028 †x | LendingPoint | 2/24/2023 | 2850 | 2850 | 2786 |
| &nbsp;&nbsp;&nbsp; LAI-00768539, 14.780%, 2/24/2028 †x | LendingPoint | 2/24/2023 | 9821 | 9821 | 9661 |
| &nbsp;&nbsp;&nbsp; LAI-00768542, 30.690%, 2/24/2027 †x# | LendingPoint | 2/24/2023 | 3835 | 3835 | 707 |
| &nbsp;&nbsp;&nbsp; LAI-00768552, 15.880%, 3/25/2028 †x# | LendingPoint | 2/24/2023 | 5980 | 5980 | 5881 |
| &nbsp;&nbsp;&nbsp; LAI-00768555, 31.300%, 2/24/2028 †x | LendingPoint | 2/24/2023 | 3511 | 3511 | 3537 |
| &nbsp;&nbsp;&nbsp; LAI-00768569, 13.820%, 2/24/2028 †x | LendingPoint | 2/24/2023 | 6112 | 6112 | 6080 |
| &nbsp;&nbsp;&nbsp; LAI-00768585, 0.000%, 2/24/2028 †x | LendingPoint | 2/24/2023 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; LAI-00768601, 15.350%, 2/24/2028 †x | LendingPoint | 2/24/2023 | 4988 | 4988 | 4893 |
| &nbsp;&nbsp;&nbsp; LAI-00768627, 31.300%, 2/24/2028 †x | LendingPoint | 2/24/2023 | 13288 | 13288 | 13393 |
| &nbsp;&nbsp;&nbsp; LAI-00768650, 19.470%, 2/24/2028 †x | LendingPoint | 2/24/2023 | 4939 | 4939 | 4851 |
| &nbsp;&nbsp;&nbsp; LAI-00768738, 14.710%, 2/24/2028 †x | LendingPoint | 2/27/2023 | 13107 | 13107 | 13077 |
| &nbsp;&nbsp;&nbsp; LAI-00768918, 17.860%, 2/24/2028 †x | LendingPoint | 2/27/2023 | 5309 | 5309 | 5298 |
| &nbsp;&nbsp;&nbsp; LAI-00769098, 17.090%, 2/24/2028 †x | LendingPoint | 2/27/2023 | 3506 | 3506 | 3497 |
| &nbsp;&nbsp;&nbsp; LAI-00769391, 14.310%, 2/25/2028 †x# | LendingPoint | 2/27/2023 | 5448 | 5448 | 5350 |
| &nbsp;&nbsp;&nbsp; LAI-00769477, 17.990%, 2/25/2028 †x | LendingPoint | 2/27/2023 | 4047 | 4047 | 3969 |
| &nbsp;&nbsp;&nbsp; LAI-00772208, 30.800%, 2/29/2028 †x# | LendingPoint | 3/03/2023 | 3963 | 3963 | 3911 |
| &nbsp;&nbsp;&nbsp; LAI-00772422, 13.160%, 3/13/2028 †x# | LendingPoint | 3/03/2023 | 16057 | 16057 | 15827 |
| &nbsp;&nbsp;&nbsp; LAI-00772440, 13.820%, 2/29/2028 †x# | LendingPoint | 3/03/2023 | 7625 | 7625 | 7493 |
| &nbsp;&nbsp;&nbsp; LAI-00772482, 14.780%, 2/29/2028 †x# | LendingPoint | 3/03/2023 | 3877 | 3877 | 3825 |
| &nbsp;&nbsp;&nbsp; LAI-00773087, 11.230%, 2/29/2028 †x# | LendingPoint | 3/06/2023 | 3757 | 3757 | 3705 |
| &nbsp;&nbsp;&nbsp; LAI-00773364, 24.840%, 2/29/2028 †x# | LendingPoint | 3/06/2023 | 14070 | 14070 | 14049 |
| &nbsp;&nbsp;&nbsp; LAI-00773522, 15.760%, 3/01/2028 †x | LendingPoint | 3/06/2023 | 8741 | 8741 | 8630 |
| &nbsp;&nbsp;&nbsp; LAI-00774606, 19.470%, 11/02/2028 †x | LendingPoint | 3/08/2023 | 16420 | 16420 | 15686 |
| &nbsp;&nbsp;&nbsp; LAI-00774740, 24.770%, 3/02/2027 †§x | LendingPoint | 3/08/2023 | 1330 | 1330 | 1325 |
| &nbsp;&nbsp;&nbsp; LAI-00774898, 17.090%, 3/02/2027 †x | LendingPoint | 3/08/2023 | 6213 | 6213 | 6211 |
| &nbsp;&nbsp;&nbsp; LAI-00774914, 14.130%, 3/02/2028 †x | LendingPoint | 3/08/2023 | 14854 | 14854 | 14666 |
| &nbsp;&nbsp;&nbsp; LAI-00774922, 30.120%, 3/02/2027 †x | LendingPoint | 3/08/2023 | 3437 | 3437 | 3486 |
| &nbsp;&nbsp;&nbsp; LAI-00774963, 17.620%, 3/02/2028 †x | LendingPoint | 3/08/2023 | 2807 | 2807 | 2768 |
| &nbsp;&nbsp;&nbsp; LAI-00774969, 26.550%, 11/02/2028 †x | LendingPoint | 3/08/2023 | 10184 | 10184 | 9564 |
| &nbsp;&nbsp;&nbsp; LAI-00775027, 15.670%, 3/02/2027 †x | LendingPoint | 3/08/2023 | 7922 | 7922 | 7919 |
| &nbsp;&nbsp;&nbsp; LAI-00775034, 24.840%, 2/05/2028 †x | LendingPoint | 3/08/2023 | 7346 | 7346 | 7284 |
| &nbsp;&nbsp;&nbsp; LAI-00775038, 16.400%, 3/14/2028 †x | LendingPoint | 3/08/2023 | 14727 | 14727 | 14519 |
| &nbsp;&nbsp;&nbsp; LAI-00775060, 22.390%, 2/07/2028 †x | LendingPoint | 3/08/2023 | 6548 | 6548 | 6505 |
| &nbsp;&nbsp;&nbsp; LAI-00775298, 20.650%, 3/03/2028 †x# | LendingPoint | 3/08/2023 | 5947 | 5947 | 1702 |
| &nbsp;&nbsp;&nbsp; LAI-00775312, 19.470%, 3/17/2028 †x | LendingPoint | 3/08/2023 | 13747 | 13747 | 13357 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6293** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00775333, 23.880%, 3/03/2028 †x | LendingPoint | 3/08/2023 | $5782 | $5782 | $5763 |
| &nbsp;&nbsp;&nbsp; LAI-00775396, 29.420%, 3/14/2027 †x | LendingPoint | 3/09/2023 | 2467 | 2467 | 2470 |
| &nbsp;&nbsp;&nbsp; LAI-00775397, 27.500%, 10/05/2030 †x# | LendingPoint | 3/09/2023 | 4008 | 4008 | 378 |
| &nbsp;&nbsp;&nbsp; LAI-00775412, 26.090%, 2/07/2028 †x | LendingPoint | 3/09/2023 | 7184 | 7184 | 7125 |
| &nbsp;&nbsp;&nbsp; LAI-00775524, 22.410%, 3/15/2028 †x | LendingPoint | 3/09/2023 | 4884 | 4884 | 4869 |
| &nbsp;&nbsp;&nbsp; LAI-00775546, 17.480%, 3/07/2028 †x | LendingPoint | 3/09/2023 | 8377 | 8377 | 8348 |
| &nbsp;&nbsp;&nbsp; LAI-00775767, 15.880%, 4/08/2028 †x | LendingPoint | 3/09/2023 | 12359 | 12359 | 12047 |
| &nbsp;&nbsp;&nbsp; LAI-00775794, 30.800%, 1/07/2028 †x | LendingPoint | 3/09/2023 | 4587 | 4587 | 4506 |
| &nbsp;&nbsp;&nbsp; LAI-00775843, 16.260%, 3/03/2027 †x# | LendingPoint | 3/09/2023 | 1625 | 1625 | 586 |
| &nbsp;&nbsp;&nbsp; LAI-00775849, 30.800%, 8/03/2029 †x# | LendingPoint | 3/09/2023 | 7961 | 7961 | 1675 |
| &nbsp;&nbsp;&nbsp; LAI-00775908, 30.120%, 3/04/2027 †x | LendingPoint | 3/09/2023 | 1496 | 1496 | 1530 |
| &nbsp;&nbsp;&nbsp; LAI-00775935, 30.800%, 3/04/2028 †x | LendingPoint | 3/09/2023 | 3244 | 3244 | 3195 |
| &nbsp;&nbsp;&nbsp; LAI-00775957, 17.280%, 3/04/2028 †x | LendingPoint | 3/09/2023 | 10470 | 10470 | 10498 |
| &nbsp;&nbsp;&nbsp; LAI-00775994, 29.900%, 3/04/2027 †x | LendingPoint | 3/09/2023 | 3381 | 3381 | 3460 |
| &nbsp;&nbsp;&nbsp; LAI-00776143, 24.510%, 5/04/2029 †x# | LendingPoint | 3/09/2023 | 6237 | 6237 | 6048 |
| &nbsp;&nbsp;&nbsp; LAI-00776277, 21.970%, 1/17/2028 †x# | LendingPoint | 3/09/2023 | 1471 | 1471 | 1446 |
| &nbsp;&nbsp;&nbsp; LAI-00776319, 14.100%, 9/30/2025 †x#^ | LendingPoint | 3/09/2023 | 310 | 310 | 29 |
| &nbsp;&nbsp;&nbsp; LAI-00776374, 28.760%, 3/05/2027 †x# | LendingPoint | 3/09/2023 | 1843 | 1843 | 340 |
| &nbsp;&nbsp;&nbsp; LAI-00776614, 27.460%, 3/15/2027 †x# | LendingPoint | 3/09/2023 | 3895 | 3895 | 368 |
| &nbsp;&nbsp;&nbsp; LAI-00776646, 30.800%, 3/20/2028 †x | LendingPoint | 3/09/2023 | 3851 | 3851 | 3822 |
| &nbsp;&nbsp;&nbsp; LAI-00776647, 13.820%, 3/14/2027 †x | LendingPoint | 3/09/2023 | 8318 | 8318 | 8313 |
| &nbsp;&nbsp;&nbsp; LAI-00776714, 30.120%, 3/06/2027 †§x | LendingPoint | 3/09/2023 | 2719 | 2719 | 2735 |
| &nbsp;&nbsp;&nbsp; LAI-00776769, 13.560%, 3/06/2028 †x | LendingPoint | 3/09/2023 | 5062 | 5062 | 5106 |
| &nbsp;&nbsp;&nbsp; LAI-00776784, 31.260%, 7/06/2028 †x | LendingPoint | 3/09/2023 | 7023 | 7023 | 6944 |
| &nbsp;&nbsp;&nbsp; LAI-00776788, 15.310%, 4/06/2029 †x# | LendingPoint | 3/09/2023 | 17571 | 17571 | 1659 |
| &nbsp;&nbsp;&nbsp; LAI-00776870, 30.800%, 3/31/2026 †x | LendingPoint | 3/10/2023 | 3705 | 3705 | 3542 |
| &nbsp;&nbsp;&nbsp; LAI-00776877, 19.740%, 3/15/2027 †x | LendingPoint | 3/10/2023 | 1994 | 1994 | 1986 |
| &nbsp;&nbsp;&nbsp; LAI-00776894, 18.370%, 3/06/2028 †x | LendingPoint | 3/10/2023 | 16997 | 16997 | 16777 |
| &nbsp;&nbsp;&nbsp; LAI-00776918, 0.000%, 2/17/2028 †x | LendingPoint | 3/10/2023 | 100 | 100 | 100 |
| &nbsp;&nbsp;&nbsp; LAI-00776949, 0.000%, 7/14/2027 †x | LendingPoint | 3/10/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00777153, 14.400%, 10/17/2028 †x | LendingPoint | 3/10/2023 | 7859 | 7859 | 7720 |
| &nbsp;&nbsp;&nbsp; LAI-00777188, 13.530%, 3/06/2026 †§x | LendingPoint | 3/10/2023 | 71 | 71 | 72 |
| &nbsp;&nbsp;&nbsp; LAI-00777197, 24.470%, 3/20/2028 †x | LendingPoint | 3/10/2023 | 4420 | 4420 | 4402 |
| &nbsp;&nbsp;&nbsp; LAI-00777276, 30.390%, 2/10/2027 †x# | LendingPoint | 3/10/2023 | 4694 | 4694 | 443 |
| &nbsp;&nbsp;&nbsp; LAI-00777311, 30.990%, 3/06/2027 †§x | LendingPoint | 3/10/2023 | 558 | 558 | 567 |
| &nbsp;&nbsp;&nbsp; LAI-00777358, 20.740%, 3/06/2028 †x | LendingPoint | 3/10/2023 | 12113 | 12113 | 11731 |
| &nbsp;&nbsp;&nbsp; LAI-00777384, 24.890%, 3/06/2027 †§x | LendingPoint | 3/10/2023 | 1193 | 1193 | 1192 |
| &nbsp;&nbsp;&nbsp; LAI-00777408, 14.400%, 3/20/2028 †x | LendingPoint | 3/10/2023 | 5649 | 5649 | 5579 |
| &nbsp;&nbsp;&nbsp; LAI-00777827, 29.520%, 3/21/2028 †x | LendingPoint | 3/13/2023 | 4695 | 4695 | 4666 |
| &nbsp;&nbsp;&nbsp; LAI-00777860, 29.040%, 3/05/2027 †x | LendingPoint | 3/13/2023 | 5275 | 5275 | 5342 |
| &nbsp;&nbsp;&nbsp; LAI-00777862, 23.030%, 7/22/2028 †x | LendingPoint | 3/13/2023 | 7941 | 7941 | 7870 |
| &nbsp;&nbsp;&nbsp; LAI-00777874, 13.370%, 3/21/2028 †x | LendingPoint | 3/13/2023 | 1830 | 1830 | 1836 |
| &nbsp;&nbsp;&nbsp; LAI-00777939, 14.320%, 4/27/2026 †x# | LendingPoint | 3/13/2023 | 2138 | 2138 | 2061 |
| &nbsp;&nbsp;&nbsp; LAI-00777996, 23.870%, 3/07/2028 †x# | LendingPoint | 3/13/2023 | 7279 | 7279 | 1650 |
| &nbsp;&nbsp;&nbsp; LAI-00778042, 18.940%, 3/07/2028 †x | LendingPoint | 3/13/2023 | 4179 | 4179 | 4208 |
| &nbsp;&nbsp;&nbsp; LAI-00778063, 23.600%, 3/07/2028 †x | LendingPoint | 3/13/2023 | 2907 | 2907 | 2905 |
| &nbsp;&nbsp;&nbsp; LAI-00778149, 21.490%, 3/07/2027 †§x | LendingPoint | 3/13/2023 | 2168 | 2168 | 2211 |
| &nbsp;&nbsp;&nbsp; LAI-00778156, 29.440%, 3/07/2028 †x | LendingPoint | 3/13/2023 | 1595 | 1595 | 1592 |
| &nbsp;&nbsp;&nbsp; LAI-00778169, 28.560%, 3/07/2028 †x | LendingPoint | 3/13/2023 | 3171 | 3171 | 3165 |
| &nbsp;&nbsp;&nbsp; LAI-00778279, 14.570%, 3/07/2028 †x | LendingPoint | 3/13/2023 | 5328 | 5328 | 5272 |
| &nbsp;&nbsp;&nbsp; LAI-00778285, 28.590%, 11/16/2027 †x | LendingPoint | 3/13/2023 | 3000 | 3000 | 3000 |
| &nbsp;&nbsp;&nbsp; LAI-00778302, 26.990%, 3/07/2028 †x | LendingPoint | 3/13/2023 | 9724 | 9724 | 9704 |
| &nbsp;&nbsp;&nbsp; LAI-00778433, 25.590%, 3/07/2028 †x# | LendingPoint | 3/13/2023 | 11622 | 11622 | 1097 |
| &nbsp;&nbsp;&nbsp; LAI-00778479, 30.120%, 3/15/2027 †x# | LendingPoint | 3/13/2023 | 2031 | 2031 | 2026 |
| &nbsp;&nbsp;&nbsp; LAI-00778549, 24.490%, 3/08/2027 †§x | LendingPoint | 3/13/2023 | 1074 | 1074 | 1083 |
| &nbsp;&nbsp;&nbsp; LAI-00779475, 0.000%, 3/02/2028 †x | LendingPoint | 3/14/2023 | 2 | 2 | 2 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6294** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00779479, 25.840%, 3/09/2025 †x#^ | LendingPoint | 3/14/2023 | $5717 | $5717 | $836 |
| &nbsp;&nbsp;&nbsp; LAI-00779490, 28.040%, 2/23/2028 †x | LendingPoint | 3/14/2023 | 6345 | 6345 | 6277 |
| &nbsp;&nbsp;&nbsp; LAI-00779526, 30.800%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 9032 | 9032 | 9013 |
| &nbsp;&nbsp;&nbsp; LAI-00779559, 15.630%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 12834 | 12834 | 12516 |
| &nbsp;&nbsp;&nbsp; LAI-00779663, 28.760%, 3/09/2027 †x | LendingPoint | 3/14/2023 | 3150 | 3150 | 3212 |
| &nbsp;&nbsp;&nbsp; LAI-00779686, 18.640%, 3/09/2027 †x | LendingPoint | 3/14/2023 | 2268 | 2268 | 2266 |
| &nbsp;&nbsp;&nbsp; LAI-00779692, 15.890%, 3/07/2028 †x# | LendingPoint | 3/14/2023 | 15717 | 15717 | 15474 |
| &nbsp;&nbsp;&nbsp; LAI-00779734, 19.490%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 8042 | 8042 | 7955 |
| &nbsp;&nbsp;&nbsp; LAI-00779743, 18.060%, 3/23/2028 †x | LendingPoint | 3/14/2023 | 5476 | 5476 | 5494 |
| &nbsp;&nbsp;&nbsp; LAI-00779744, 21.270%, 12/20/2028 †x | LendingPoint | 3/14/2023 | 11141 | 11141 | 10830 |
| &nbsp;&nbsp;&nbsp; LAI-00779812, 30.800%, 8/17/2028 †x# | LendingPoint | 3/14/2023 | 10499 | 10499 | 991 |
| &nbsp;&nbsp;&nbsp; LAI-00779825, 30.800%, 5/20/2028 †x | LendingPoint | 3/14/2023 | 8072 | 8072 | 8096 |
| &nbsp;&nbsp;&nbsp; LAI-00779828, 22.770%, 3/09/2028 †x# | LendingPoint | 3/14/2023 | 2283 | 2283 | 511 |
| &nbsp;&nbsp;&nbsp; LAI-00779836, 27.480%, 2/14/2028 †x | LendingPoint | 3/14/2023 | 3423 | 3423 | 3394 |
| &nbsp;&nbsp;&nbsp; LAI-00779837, 22.310%, 3/09/2027 †x | LendingPoint | 3/14/2023 | 3093 | 3093 | 3088 |
| &nbsp;&nbsp;&nbsp; LAI-00779865, 30.800%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 5871 | 5871 | 2505 |
| &nbsp;&nbsp;&nbsp; LAI-00779870, 26.090%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 8079 | 8079 | 8077 |
| &nbsp;&nbsp;&nbsp; LAI-00779878, 30.120%, 3/09/2027 †x# | LendingPoint | 3/14/2023 | 5055 | 5055 | 1203 |
| &nbsp;&nbsp;&nbsp; LAI-00779907, 20.740%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 6981 | 6981 | 6798 |
| &nbsp;&nbsp;&nbsp; LAI-00779920, 27.960%, 5/24/2028 †x | LendingPoint | 3/14/2023 | 10981 | 10981 | 11102 |
| &nbsp;&nbsp;&nbsp; LAI-00779923, 15.320%, 3/09/2027 †x | LendingPoint | 3/14/2023 | 3541 | 3541 | 3573 |
| &nbsp;&nbsp;&nbsp; LAI-00779932, 24.290%, 2/15/2028 †x | LendingPoint | 3/14/2023 | 10515 | 10515 | 10493 |
| &nbsp;&nbsp;&nbsp; LAI-00779933, 17.590%, 3/23/2028 †x# | LendingPoint | 3/14/2023 | 8327 | 8327 | 8238 |
| &nbsp;&nbsp;&nbsp; LAI-00780003, 30.460%, 2/18/2028 †x# | LendingPoint | 3/14/2023 | 3274 | 3274 | 3239 |
| &nbsp;&nbsp;&nbsp; LAI-00780006, 16.620%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 17754 | 17754 | 16973 |
| &nbsp;&nbsp;&nbsp; LAI-00780022, 0.000%, 3/09/2028 †x# | LendingPoint | 3/14/2023 | 8246 | 8246 |  |
| &nbsp;&nbsp;&nbsp; LAI-00780047, 25.070%, 9/22/2029 †x | LendingPoint | 3/14/2023 | 21248 | 21248 | 20148 |
| &nbsp;&nbsp;&nbsp; LAI-00780053, 19.720%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 17998 | 17998 | 17797 |
| &nbsp;&nbsp;&nbsp; LAI-00780058, 30.800%, 3/09/2028 †x# | LendingPoint | 3/14/2023 | 7948 | 7948 | 1163 |
| &nbsp;&nbsp;&nbsp; LAI-00780059, 14.910%, 6/17/2028 †x# | LendingPoint | 3/14/2023 | 9872 | 9872 | 9882 |
| &nbsp;&nbsp;&nbsp; LAI-00780064, 17.930%, 3/14/2028 †x# | LendingPoint | 3/14/2023 | 4632 | 4632 | 678 |
| &nbsp;&nbsp;&nbsp; LAI-00780142, 14.320%, 3/09/2027 †§x | LendingPoint | 3/14/2023 | 2474 | 2474 | 2497 |
| &nbsp;&nbsp;&nbsp; LAI-00780187, 16.400%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 5312 | 5312 | 5331 |
| &nbsp;&nbsp;&nbsp; LAI-00780259, 15.500%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 1791 | 1791 | 1745 |
| &nbsp;&nbsp;&nbsp; LAI-00780262, 26.020%, 4/18/2028 †x | LendingPoint | 3/14/2023 | 4860 | 4860 | 4666 |
| &nbsp;&nbsp;&nbsp; LAI-00780267, 26.120%, 3/16/2027 †x | LendingPoint | 3/14/2023 | 3518 | 3518 | 3525 |
| &nbsp;&nbsp;&nbsp; LAI-00780269, 27.390%, 4/15/2028 †x | LendingPoint | 3/14/2023 | 3667 | 3667 | 3631 |
| &nbsp;&nbsp;&nbsp; LAI-00780283, 0.000%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 21 | 21 | 21 |
| &nbsp;&nbsp;&nbsp; LAI-00780293, 29.430%, 7/23/2028 †x | LendingPoint | 3/14/2023 | 11625 | 11625 | 11568 |
| &nbsp;&nbsp;&nbsp; LAI-00780299, 16.880%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 14570 | 14570 | 14203 |
| &nbsp;&nbsp;&nbsp; LAI-00780310, 30.120%, 3/09/2027 †§x | LendingPoint | 3/14/2023 | 3012 | 3012 | 3069 |
| &nbsp;&nbsp;&nbsp; LAI-00780320, 30.690%, 3/09/2027 †§x | LendingPoint | 3/14/2023 | 2571 | 2571 | 2585 |
| &nbsp;&nbsp;&nbsp; LAI-00780339, 30.350%, 3/09/2028 †x | LendingPoint | 3/14/2023 | 7801 | 7801 | 7699 |
| &nbsp;&nbsp;&nbsp; LAI-00780745, 16.800%, 3/14/2027 †x | LendingPoint | 3/16/2023 | 5073 | 5073 | 5069 |
| &nbsp;&nbsp;&nbsp; LAI-00780795, 15.130%, 3/10/2028 †x# | LendingPoint | 3/16/2023 | 7621 | 7621 | 1610 |
| &nbsp;&nbsp;&nbsp; LAI-00796084, 20.140%, 4/12/2028 †x | LendingPoint | 4/18/2023 | 5046 | 5046 | 5049 |
| &nbsp;&nbsp;&nbsp; LAI-00796085, 30.690%, 3/15/2027 †x | LendingPoint | 4/18/2023 | 1851 | 1851 | 1845 |
| &nbsp;&nbsp;&nbsp; LAI-00796088, 20.250%, 4/12/2026 †§x | LendingPoint | 4/18/2023 | 237 | 237 | 238 |
| &nbsp;&nbsp;&nbsp; LAI-00796101, 20.710%, 4/19/2028 †x# | LendingPoint | 4/18/2023 | 8234 | 8234 | 8220 |
| &nbsp;&nbsp;&nbsp; LAI-00796102, 30.120%, 4/12/2027 †§x | LendingPoint | 4/18/2023 | 1603 | 1603 | 1608 |
| &nbsp;&nbsp;&nbsp; LAI-00796105, 27.560%, 1/27/2029 †x# | LendingPoint | 4/18/2023 | 5707 | 5707 | 5555 |
| &nbsp;&nbsp;&nbsp; LAI-00796110, 19.750%, 2/05/2031 †x# | LendingPoint | 4/18/2023 | 11314 | 11314 | 9703 |
| &nbsp;&nbsp;&nbsp; LAI-00796126, 20.250%, 8/25/2030 †x | LendingPoint | 4/18/2023 | 12439 | 12439 | 11915 |
| &nbsp;&nbsp;&nbsp; LAI-00796227, 24.640%, 3/16/2028 †x | LendingPoint | 4/18/2023 | 3157 | 3157 | 3146 |
| &nbsp;&nbsp;&nbsp; LAI-00796255, 28.500%, 1/15/2029 †x | LendingPoint | 4/18/2023 | 36131 | 36131 | 35823 |
| &nbsp;&nbsp;&nbsp; LAI-00796339, 6.000%, 12/12/2029 †x | LendingPoint | 4/18/2023 | 7320 | 7320 | 7196 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6295** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00796353, 30.800%, 4/05/2028 †x | LendingPoint | 4/18/2023 | $5244 | $5244 | $5228 |
| &nbsp;&nbsp;&nbsp; LAI-00796356, 27.640%, 4/12/2028 †x | LendingPoint | 4/18/2023 | 1204 | 1204 | 1188 |
| &nbsp;&nbsp;&nbsp; LAI-00796357, 22.530%, 6/30/2028 †x# | LendingPoint | 4/18/2023 | 6304 | 6304 | 6059 |
| &nbsp;&nbsp;&nbsp; LAI-00796367, 0.000%, 4/15/2028 †x | LendingPoint | 4/18/2023 | 172 | 172 | 172 |
| &nbsp;&nbsp;&nbsp; LAI-00796386, 28.760%, 3/15/2027 †x | LendingPoint | 4/18/2023 | 3370 | 3370 | 3415 |
| &nbsp;&nbsp;&nbsp; LAI-00796392, 0.000%, 4/12/2028 †x | LendingPoint | 4/18/2023 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00796403, 0.000%, 4/12/2028 †x | LendingPoint | 4/18/2023 | 22 | 22 |  |
| &nbsp;&nbsp;&nbsp; LAI-00796418, 18.000%, 4/12/2028 †x# | LendingPoint | 4/18/2023 | 3834 | 3834 | 3788 |
| &nbsp;&nbsp;&nbsp; LAI-00796421, 0.000%, 4/26/2028 †x# | LendingPoint | 4/18/2023 | 13 | 13 |  |
| &nbsp;&nbsp;&nbsp; LAI-00796489, 25.840%, 4/12/2028 †x# | LendingPoint | 4/18/2023 | 4951 | 4951 | 4817 |
| &nbsp;&nbsp;&nbsp; LAI-00796502, 14.800%, 9/26/2028 †x# | LendingPoint | 4/18/2023 | 6494 | 6494 | 6397 |
| &nbsp;&nbsp;&nbsp; LAI-00796507, 30.800%, 4/12/2028 †x# | LendingPoint | 4/18/2023 | 2508 | 2508 | 237 |
| &nbsp;&nbsp;&nbsp; LAI-00796508, 28.760%, 4/12/2027 †x# | LendingPoint | 4/18/2023 | 3382 | 3382 | 319 |
| &nbsp;&nbsp;&nbsp; LAI-00796519, 18.000%, 4/26/2028 †x# | LendingPoint | 4/18/2023 | 12495 | 12495 | 12513 |
| &nbsp;&nbsp;&nbsp; LAI-00796527, 19.910%, 4/12/2028 †x | LendingPoint | 4/18/2023 | 12092 | 12092 | 12112 |
| &nbsp;&nbsp;&nbsp; LAI-00796540, 24.380%, 4/12/2028 †x | LendingPoint | 4/18/2023 | 4546 | 4546 | 4543 |
| &nbsp;&nbsp;&nbsp; LAI-00796561, 24.820%, 1/19/2030 †x | LendingPoint | 4/18/2023 | 7899 | 7899 | 7372 |
| &nbsp;&nbsp;&nbsp; LAI-00796600, 17.370%, 4/12/2028 †x | LendingPoint | 4/18/2023 | 10824 | 10824 | 10685 |
| &nbsp;&nbsp;&nbsp; LAI-00796615, 19.370%, 1/15/2029 †x# | LendingPoint | 4/18/2023 | 18440 | 18440 | 17949 |
| &nbsp;&nbsp;&nbsp; LAI-00796635, 16.000%, 4/08/2027 †x# | LendingPoint | 4/18/2023 | 4000 | 4000 | 957 |
| &nbsp;&nbsp;&nbsp; LAI-00796642, 28.760%, 4/13/2027 †x# | LendingPoint | 4/18/2023 | 3358 | 3358 | 3423 |
| &nbsp;&nbsp;&nbsp; LAI-00796656, 18.000%, 4/13/2028 †x | LendingPoint | 4/18/2023 | 7556 | 7556 | 7355 |
| &nbsp;&nbsp;&nbsp; LAI-00796660, 29.420%, 4/26/2027 †x# | LendingPoint | 4/18/2023 | 3568 | 3568 | 3619 |
| &nbsp;&nbsp;&nbsp; LAI-00796666, 29.510%, 4/13/2028 †x | LendingPoint | 4/18/2023 | 2992 | 2992 | 2961 |
| &nbsp;&nbsp;&nbsp; LAI-00796679, 18.000%, 2/15/2029 †x | LendingPoint | 4/18/2023 | 10936 | 10936 | 10696 |
| &nbsp;&nbsp;&nbsp; LAI-00796686, 26.990%, 3/15/2028 †x | LendingPoint | 4/18/2023 | 2279 | 2279 | 2266 |
| &nbsp;&nbsp;&nbsp; LAI-00796703, 17.370%, 5/13/2028 †x | LendingPoint | 4/18/2023 | 6684 | 6684 | 6589 |
| &nbsp;&nbsp;&nbsp; LAI-00796713, 0.000%, 4/13/2025 †x^ | LendingPoint | 4/18/2023 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00796783, 27.640%, 11/01/2028 †x# | LendingPoint | 4/18/2023 | 6304 | 6304 | 6134 |
| &nbsp;&nbsp;&nbsp; LAI-00796829, 24.480%, 5/01/2028 †x | LendingPoint | 4/18/2023 | 9656 | 9656 | 9542 |
| &nbsp;&nbsp;&nbsp; LAI-00796845, 18.000%, 4/13/2029 †x# | LendingPoint | 4/18/2023 | 6988 | 6988 | 6920 |
| &nbsp;&nbsp;&nbsp; LAI-00796859, 10.040%, 4/13/2028 †x# | LendingPoint | 4/18/2023 | 15913 | 15913 | 15736 |
| &nbsp;&nbsp;&nbsp; LAI-00796861, 21.640%, 3/16/2028 †x# | LendingPoint | 4/18/2023 | 8381 | 8381 | 791 |
| &nbsp;&nbsp;&nbsp; LAI-00796862, 21.250%, 4/27/2028 †x# | LendingPoint | 4/18/2023 | 19084 | 19084 | 18592 |
| &nbsp;&nbsp;&nbsp; LAI-00796878, 22.390%, 3/15/2029 †x | LendingPoint | 4/18/2023 | 7900 | 7900 | 7832 |
| &nbsp;&nbsp;&nbsp; LAI-00796880, 25.550%, 4/27/2028 †x# | LendingPoint | 4/18/2023 | 5922 | 5922 | 5766 |
| &nbsp;&nbsp;&nbsp; LAI-00796896, 18.000%, 3/20/2029 †x | LendingPoint | 4/18/2023 | 17764 | 17764 | 17640 |
| &nbsp;&nbsp;&nbsp; LAI-00796901, 20.330%, 3/16/2028 †x | LendingPoint | 4/18/2023 | 5410 | 5410 | 5328 |
| &nbsp;&nbsp;&nbsp; LAI-00796916, 18.410%, 4/13/2029 †x# | LendingPoint | 4/18/2023 | 1279 | 1279 | 1260 |
| &nbsp;&nbsp;&nbsp; LAI-00796923, 30.480%, 4/13/2027 †§x# | LendingPoint | 4/18/2023 | 903 | 903 | 907 |
| &nbsp;&nbsp;&nbsp; LAI-00796931, 20.450%, 3/18/2028 †x# | LendingPoint | 4/18/2023 | 12684 | 12684 | 12666 |
| &nbsp;&nbsp;&nbsp; LAI-00796932, 20.870%, 4/13/2028 †x# | LendingPoint | 4/18/2023 | 12146 | 12146 | 11985 |
| &nbsp;&nbsp;&nbsp; LAI-00796933, 30.800%, 3/27/2028 †x# | LendingPoint | 4/18/2023 | 2798 | 2798 | 2718 |
| &nbsp;&nbsp;&nbsp; LAI-00796946, 24.090%, 9/26/2026 †x# | LendingPoint | 4/18/2023 | 23767 | 23767 | 22986 |
| &nbsp;&nbsp;&nbsp; LAI-00796960, 22.570%, 4/13/2029 †x# | LendingPoint | 4/18/2023 | 17693 | 17693 | 17571 |
| &nbsp;&nbsp;&nbsp; LAI-00796975, 25.030%, 3/18/2028 †x# | LendingPoint | 4/18/2023 | 10168 | 10168 | 9853 |
| &nbsp;&nbsp;&nbsp; LAI-00797008, 26.260%, 4/07/2028 †x# | LendingPoint | 4/18/2023 | 5772 | 5772 | 5643 |
| &nbsp;&nbsp;&nbsp; LAI-00797030, 24.380%, 4/13/2028 †x# | LendingPoint | 4/18/2023 | 9545 | 9545 | 9542 |
| &nbsp;&nbsp;&nbsp; LAI-00797052, 20.990%, 3/23/2029 †x | LendingPoint | 4/18/2023 | 32797 | 32797 | 32561 |
| &nbsp;&nbsp;&nbsp; LAI-00797099, 30.120%, 4/13/2027 †§x# | LendingPoint | 4/18/2023 | 1787 | 1787 | 1805 |
| &nbsp;&nbsp;&nbsp; LAI-00797155, 19.990%, 4/06/2028 †x | LendingPoint | 4/18/2023 | 3753 | 3753 | 3765 |
| &nbsp;&nbsp;&nbsp; LAI-00797184, 31.300%, 9/29/2028 †x# | LendingPoint | 4/18/2023 | 6500 | 6500 | 6336 |
| &nbsp;&nbsp;&nbsp; LAI-00797192, 25.460%, 9/26/2026 †x# | LendingPoint | 4/18/2023 | 8442 | 8442 | 8216 |
| &nbsp;&nbsp;&nbsp; LAI-00797194, 24.570%, 4/13/2028 †x# | LendingPoint | 4/18/2023 | 4377 | 4377 | 4376 |
| &nbsp;&nbsp;&nbsp; LAI-00797196, 30.800%, 4/13/2028 †x# | LendingPoint | 4/18/2023 | 2833 | 2833 | 2823 |
| &nbsp;&nbsp;&nbsp; LAI-00797198, 28.430%, 4/13/2028 †x# | LendingPoint | 4/18/2023 | 6821 | 6821 | 6811 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6296** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00797212, 24.380%, 4/13/2028 †x# | LendingPoint | 4/18/2023 | $12123 | $12123 | $1144 |
| &nbsp;&nbsp;&nbsp; LAI-00797222, 18.000%, 3/15/2028 †x | LendingPoint | 4/18/2023 | 4055 | 4055 | 4047 |
| &nbsp;&nbsp;&nbsp; LAI-00797277, 18.000%, 4/14/2028 †x | LendingPoint | 4/18/2023 | 19131 | 19131 | 18546 |
| &nbsp;&nbsp;&nbsp; LAI-00797290, 28.760%, 7/29/2028 †x# | LendingPoint | 4/18/2023 | 1173 | 1173 | 172 |
| &nbsp;&nbsp;&nbsp; LAI-00797293, 23.680%, 4/18/2026 †x# | LendingPoint | 4/18/2023 | 334 | 334 | 336 |
| &nbsp;&nbsp;&nbsp; LAI-00797306, 18.000%, 4/14/2029 †x | LendingPoint | 4/18/2023 | 1624 | 1624 | 1605 |
| &nbsp;&nbsp;&nbsp; LAI-00797315, 18.830%, 11/29/2030 †x# | LendingPoint | 4/18/2023 | 11092 | 11092 | 1623 |
| &nbsp;&nbsp;&nbsp; LAI-00797348, 30.690%, 4/14/2027 †§x | LendingPoint | 4/18/2023 | 1835 | 1835 | 1871 |
| &nbsp;&nbsp;&nbsp; LAI-00797358, 31.300%, 4/14/2028 †x | LendingPoint | 4/18/2023 | 2927 | 2927 | 2920 |
| &nbsp;&nbsp;&nbsp; LAI-00797368, 30.800%, 8/07/2028 †x | LendingPoint | 4/18/2023 | 5585 | 5585 | 5474 |
| &nbsp;&nbsp;&nbsp; LAI-00797378, 22.530%, 4/14/2030 †x# | LendingPoint | 4/18/2023 | 9207 | 9207 | 869 |
| &nbsp;&nbsp;&nbsp; LAI-00797412, 27.070%, 4/14/2028 †x | LendingPoint | 4/18/2023 | 6425 | 6425 | 6209 |
| &nbsp;&nbsp;&nbsp; LAI-00797424, 21.920%, 4/26/2028 †x | LendingPoint | 4/18/2023 | 2058 | 2058 | 2032 |
| &nbsp;&nbsp;&nbsp; LAI-00797425, 30.800%, 4/14/2028 †x | LendingPoint | 4/18/2023 | 1296 | 1296 | 1276 |
| &nbsp;&nbsp;&nbsp; LAI-00797428, 22.530%, 4/26/2028 †x# | LendingPoint | 4/18/2023 | 9701 | 9701 | 9425 |
| &nbsp;&nbsp;&nbsp; LAI-00797446, 28.760%, 3/18/2027 †x# | LendingPoint | 4/19/2023 | 2124 | 2124 | 2157 |
| &nbsp;&nbsp;&nbsp; LAI-00797448, 18.830%, 4/23/2028 †x | LendingPoint | 4/19/2023 | 6880 | 6880 | 6705 |
| &nbsp;&nbsp;&nbsp; LAI-00797450, 31.300%, 4/07/2028 †x# | LendingPoint | 4/19/2023 | 3737 | 3737 | 664 |
| &nbsp;&nbsp;&nbsp; LAI-00797478, 25.540%, 4/14/2028 †x# | LendingPoint | 4/19/2023 | 4214 | 4214 | 1247 |
| &nbsp;&nbsp;&nbsp; LAI-00797484, 18.000%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 19827 | 19827 | 19591 |
| &nbsp;&nbsp;&nbsp; LAI-00797499, 29.510%, 4/14/2028 †x# | LendingPoint | 4/19/2023 | 5827 | 5827 | 1747 |
| &nbsp;&nbsp;&nbsp; LAI-00797509, 28.940%, 4/14/2026 †§x | LendingPoint | 4/19/2023 | 358 | 358 | 362 |
| &nbsp;&nbsp;&nbsp; LAI-00797527, 26.790%, 4/07/2027 †x | LendingPoint | 4/19/2023 | 1162 | 1162 | 1190 |
| &nbsp;&nbsp;&nbsp; LAI-00797528, 18.000%, 4/17/2028 †x | LendingPoint | 4/19/2023 | 2790 | 2790 | 2751 |
| &nbsp;&nbsp;&nbsp; LAI-00797533, 19.210%, 4/26/2028 †x | LendingPoint | 4/19/2023 | 3998 | 3998 | 3949 |
| &nbsp;&nbsp;&nbsp; LAI-00797537, 18.000%, 4/14/2027 †x | LendingPoint | 4/19/2023 | 1971 | 1971 | 1988 |
| &nbsp;&nbsp;&nbsp; LAI-00797570, 18.000%, 4/20/2028 †x | LendingPoint | 4/19/2023 | 10085 | 10085 | 9950 |
| &nbsp;&nbsp;&nbsp; LAI-00797579, 18.000%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 12533 | 12533 | 12148 |
| &nbsp;&nbsp;&nbsp; LAI-00797607, 26.120%, 8/14/2028 †x | LendingPoint | 4/19/2023 | 12467 | 12467 | 12184 |
| &nbsp;&nbsp;&nbsp; LAI-00797609, 21.990%, 4/16/2027 †x | LendingPoint | 4/19/2023 | 11688 | 11688 | 11725 |
| &nbsp;&nbsp;&nbsp; LAI-00797612, 30.120%, 11/14/2027 †x | LendingPoint | 4/19/2023 | 2986 | 2986 | 3005 |
| &nbsp;&nbsp;&nbsp; LAI-00797613, 30.120%, 4/14/2027 †§x | LendingPoint | 4/19/2023 | 1833 | 1833 | 1869 |
| &nbsp;&nbsp;&nbsp; LAI-00797615, 18.000%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 10339 | 10339 | 10024 |
| &nbsp;&nbsp;&nbsp; LAI-00797623, 24.170%, 11/25/2026 †x# | LendingPoint | 4/19/2023 | 5501 | 5501 | 5237 |
| &nbsp;&nbsp;&nbsp; LAI-00797628, 18.000%, 5/21/2030 †x# | LendingPoint | 4/19/2023 | 13215 | 13215 | 2763 |
| &nbsp;&nbsp;&nbsp; LAI-00797629, 18.720%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 14690 | 14690 | 14513 |
| &nbsp;&nbsp;&nbsp; LAI-00797648, 30.800%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 4025 | 4025 | 4013 |
| &nbsp;&nbsp;&nbsp; LAI-00797667, 25.390%, 9/14/2028 †x# | LendingPoint | 4/19/2023 | 7361 | 7361 | 7282 |
| &nbsp;&nbsp;&nbsp; LAI-00797677, 18.000%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 1479 | 1479 | 1483 |
| &nbsp;&nbsp;&nbsp; LAI-00797699, 18.000%, 8/28/2029 †x# | LendingPoint | 4/19/2023 | 8072 | 8072 | 1950 |
| &nbsp;&nbsp;&nbsp; LAI-00797700, 0.000%, 3/17/2027 †x | LendingPoint | 4/19/2023 | 15 | 15 | 15 |
| &nbsp;&nbsp;&nbsp; LAI-00797704, 30.450%, 9/15/2028 †x | LendingPoint | 4/19/2023 | 8472 | 8472 | 8359 |
| &nbsp;&nbsp;&nbsp; LAI-00797709, 27.490%, 4/26/2026 †x | LendingPoint | 4/19/2023 | 703 | 703 | 716 |
| &nbsp;&nbsp;&nbsp; LAI-00797730, 18.090%, 8/01/2027 †x# | LendingPoint | 4/19/2023 | 23536 | 23536 | 22489 |
| &nbsp;&nbsp;&nbsp; LAI-00797732, 20.530%, 6/22/2029 †x# | LendingPoint | 4/19/2023 | 4164 | 4164 | 393 |
| &nbsp;&nbsp;&nbsp; LAI-00797745, 18.000%, 3/29/2026 †x# | LendingPoint | 4/19/2023 | 10945 | 10945 | 9672 |
| &nbsp;&nbsp;&nbsp; LAI-00797746, 25.340%, 5/28/2029 †x# | LendingPoint | 4/19/2023 | 5056 | 5056 | 4757 |
| &nbsp;&nbsp;&nbsp; LAI-00797747, 24.640%, 3/20/2028 †x | LendingPoint | 4/19/2023 | 6024 | 6024 | 6014 |
| &nbsp;&nbsp;&nbsp; LAI-00797761, 19.250%, 9/21/2027 †x | LendingPoint | 4/19/2023 | 5594 | 5594 | 5520 |
| &nbsp;&nbsp;&nbsp; LAI-00797764, 31.300%, 3/21/2028 †x | LendingPoint | 4/19/2023 | 6479 | 6479 | 6217 |
| &nbsp;&nbsp;&nbsp; LAI-00797765, 0.000%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 22 | 22 |  |
| &nbsp;&nbsp;&nbsp; LAI-00797770, 25.990%, 4/14/2026 †§x | LendingPoint | 4/19/2023 | 159 | 159 | 161 |
| &nbsp;&nbsp;&nbsp; LAI-00797787, 24.240%, 4/28/2028 †x# | LendingPoint | 4/19/2023 | 12782 | 12782 | 2654 |
| &nbsp;&nbsp;&nbsp; LAI-00797827, 29.420%, 4/28/2027 †x# | LendingPoint | 4/19/2023 | 3570 | 3570 | 3543 |
| &nbsp;&nbsp;&nbsp; LAI-00797837, 20.830%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 1967 | 1967 | 1913 |
| &nbsp;&nbsp;&nbsp; LAI-00797839, 30.910%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 5305 | 5305 | 5228 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6297** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00797844, 26.090%, 3/15/2028 †x# | LendingPoint | 4/19/2023 | $6434 | $6434 | $6363 |
| &nbsp;&nbsp;&nbsp; LAI-00797848, 31.300%, 6/14/2028 †x# | LendingPoint | 4/19/2023 | 16434 | 16434 | 1551 |
| &nbsp;&nbsp;&nbsp; LAI-00797863, 30.800%, 4/14/2028 †x# | LendingPoint | 4/19/2023 | 5201 | 5201 | 5202 |
| &nbsp;&nbsp;&nbsp; LAI-00797878, 18.000%, 4/14/2028 †x | LendingPoint | 4/19/2023 | 1982 | 1982 | 1988 |
| &nbsp;&nbsp;&nbsp; LAI-00797880, 19.720%, 4/27/2028 †x# | LendingPoint | 4/19/2023 | 12139 | 12139 | 11832 |
| &nbsp;&nbsp;&nbsp; LAI-00797885, 18.830%, 4/15/2028 †x | LendingPoint | 4/19/2023 | 6057 | 6057 | 5896 |
| &nbsp;&nbsp;&nbsp; LAI-00797899, 28.760%, 4/15/2027 †§x | LendingPoint | 4/19/2023 | 1261 | 1261 | 1268 |
| &nbsp;&nbsp;&nbsp; LAI-00797915, 18.000%, 4/15/2028 †x | LendingPoint | 4/19/2023 | 3040 | 3040 | 3031 |
| &nbsp;&nbsp;&nbsp; LAI-00797970, 29.510%, 6/01/2031 †x# | LendingPoint | 4/19/2023 | 6122 | 6122 | 1069 |
| &nbsp;&nbsp;&nbsp; LAI-00797972, 18.000%, 4/26/2028 †x# | LendingPoint | 4/19/2023 | 7644 | 7644 | 7554 |
| &nbsp;&nbsp;&nbsp; LAI-00797978, 21.180%, 4/15/2026 †§x | LendingPoint | 4/19/2023 | 150 | 150 | 151 |
| &nbsp;&nbsp;&nbsp; LAI-00797984, 28.960%, 1/05/2031 †x# | LendingPoint | 4/19/2023 | 7684 | 7684 | 1124 |
| &nbsp;&nbsp;&nbsp; LAI-00797991, 21.970%, 7/07/2028 †x | LendingPoint | 4/19/2023 | 8007 | 8007 | 7949 |
| &nbsp;&nbsp;&nbsp; LAI-00798006, 29.510%, 11/15/2028 †x | LendingPoint | 4/19/2023 | 4953 | 4953 | 4658 |
| &nbsp;&nbsp;&nbsp; LAI-00798037, 23.570%, 4/15/2029 †x | LendingPoint | 4/19/2023 | 7016 | 7016 | 6925 |
| &nbsp;&nbsp;&nbsp; LAI-00798054, 26.550%, 4/12/2028 †x | LendingPoint | 4/19/2023 | 12531 | 12531 | 12526 |
| &nbsp;&nbsp;&nbsp; LAI-00799834, 20.950%, 9/30/2028 †x# | LendingPoint | 4/24/2023 | 9548 | 9548 | 9052 |
| &nbsp;&nbsp;&nbsp; LAI-00799835, 21.740%, 4/19/2027 †x# | LendingPoint | 4/24/2023 | 7497 | 7497 | 7491 |
| &nbsp;&nbsp;&nbsp; LAI-00799837, 28.590%, 3/22/2028 †x | LendingPoint | 4/24/2023 | 2419 | 2419 | 2415 |
| &nbsp;&nbsp;&nbsp; LAI-00799838, 26.030%, 11/30/2028 †x# | LendingPoint | 4/24/2023 | 23558 | 23558 | 9427 |
| &nbsp;&nbsp;&nbsp; LAI-00799846, 27.460%, 4/12/2028 †x | LendingPoint | 4/24/2023 | 4899 | 4899 | 4753 |
| &nbsp;&nbsp;&nbsp; LAI-00799852, 28.760%, 5/25/2027 †x | LendingPoint | 4/24/2023 | 3396 | 3396 | 3494 |
| &nbsp;&nbsp;&nbsp; LAI-00799862, 29.450%, 8/05/2029 †x# | LendingPoint | 4/24/2023 | 10880 | 10880 | 2874 |
| &nbsp;&nbsp;&nbsp; LAI-00799868, 0.000%, 4/19/2028 †x | LendingPoint | 4/24/2023 | 20 | 20 |  |
| &nbsp;&nbsp;&nbsp; LAI-00799873, 20.690%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 7858 | 7858 | 7662 |
| &nbsp;&nbsp;&nbsp; LAI-00799879, 25.460%, 4/19/2028 †x | LendingPoint | 4/24/2023 | 3371 | 3371 | 3333 |
| &nbsp;&nbsp;&nbsp; LAI-00799882, 18.000%, 4/19/2029 †x# | LendingPoint | 4/24/2023 | 5989 | 5989 | 5964 |
| &nbsp;&nbsp;&nbsp; LAI-00799884, 23.340%, 2/25/2029 †x | LendingPoint | 4/24/2023 | 3626 | 3626 | 3578 |
| &nbsp;&nbsp;&nbsp; LAI-00799890, 20.060%, 4/03/2028 †x | LendingPoint | 4/24/2023 | 3456 | 3456 | 3411 |
| &nbsp;&nbsp;&nbsp; LAI-00799901, 21.090%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 1297 | 1297 | 1279 |
| &nbsp;&nbsp;&nbsp; LAI-00799906, 23.990%, 5/19/2026 †x# | LendingPoint | 4/24/2023 | 814 | 814 | 824 |
| &nbsp;&nbsp;&nbsp; LAI-00799918, 26.730%, 4/19/2029 †x# | LendingPoint | 4/24/2023 | 16849 | 16849 | 16636 |
| &nbsp;&nbsp;&nbsp; LAI-00799927, 26.560%, 2/28/2026 †x^ | LendingPoint | 4/24/2023 | 7729 | 7729 | 6340 |
| &nbsp;&nbsp;&nbsp; LAI-00799942, 30.120%, 4/04/2028 †x# | LendingPoint | 4/24/2023 | 3975 | 3975 | 1211 |
| &nbsp;&nbsp;&nbsp; LAI-00799946, 20.250%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 18155 | 18155 | 17973 |
| &nbsp;&nbsp;&nbsp; LAI-00799976, 27.590%, 3/30/2029 †x# | LendingPoint | 4/24/2023 | 4633 | 4633 | 4424 |
| &nbsp;&nbsp;&nbsp; LAI-00799983, 28.760%, 4/19/2027 †§x# | LendingPoint | 4/24/2023 | 2508 | 2508 | 2566 |
| &nbsp;&nbsp;&nbsp; LAI-00800000, 29.510%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 1227 | 1227 | 1228 |
| &nbsp;&nbsp;&nbsp; LAI-00800010, 21.180%, 4/19/2026 †§x# | LendingPoint | 4/24/2023 | 482 | 482 | 485 |
| &nbsp;&nbsp;&nbsp; LAI-00800038, 22.260%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 3645 | 3645 | 3564 |
| &nbsp;&nbsp;&nbsp; LAI-00800039, 26.590%, 1/01/2028 †x | LendingPoint | 4/24/2023 | 3653 | 3653 | 3603 |
| &nbsp;&nbsp;&nbsp; LAI-00800042, 21.970%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 6582 | 6582 | 963 |
| &nbsp;&nbsp;&nbsp; LAI-00800055, 22.390%, 4/19/2029 †x# | LendingPoint | 4/24/2023 | 3907 | 3907 | 3886 |
| &nbsp;&nbsp;&nbsp; LAI-00800059, 25.390%, 4/19/2027 †x# | LendingPoint | 4/24/2023 | 1748 | 1748 | 165 |
| &nbsp;&nbsp;&nbsp; LAI-00800062, 17.370%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 13936 | 13936 | 13802 |
| &nbsp;&nbsp;&nbsp; LAI-00800064, 21.640%, 4/15/2029 †x | LendingPoint | 4/24/2023 | 8027 | 8027 | 7933 |
| &nbsp;&nbsp;&nbsp; LAI-00800072, 17.120%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 11327 | 11327 | 11205 |
| &nbsp;&nbsp;&nbsp; LAI-00800073, 20.300%, 11/29/2031 †x# | LendingPoint | 4/24/2023 | 23124 | 23124 | 22445 |
| &nbsp;&nbsp;&nbsp; LAI-00800075, 18.000%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 9555 | 9555 | 9283 |
| &nbsp;&nbsp;&nbsp; LAI-00800089, 20.050%, 9/25/2026 †x | LendingPoint | 4/24/2023 | 22954 | 22954 | 22130 |
| &nbsp;&nbsp;&nbsp; LAI-00800091, 30.590%, 10/19/2028 †x# | LendingPoint | 4/24/2023 | 10384 | 10384 | 1519 |
| &nbsp;&nbsp;&nbsp; LAI-00800099, 30.590%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 16062 | 16062 | 15540 |
| &nbsp;&nbsp;&nbsp; LAI-00800102, 18.000%, 4/12/2028 †x | LendingPoint | 4/24/2023 | 2379 | 2379 | 2401 |
| &nbsp;&nbsp;&nbsp; LAI-00800126, 0.000%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 2092 | 2092 |  |
| &nbsp;&nbsp;&nbsp; LAI-00800130, 20.330%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 5981 | 5981 | 5912 |
| &nbsp;&nbsp;&nbsp; LAI-00800134, 17.370%, 4/30/2028 †x# | LendingPoint | 4/24/2023 | 6585 | 6585 | 6438 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6298** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00800152, 18.230%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | $2591 | $2591 | $2509 |
| &nbsp;&nbsp;&nbsp; LAI-00800153, 29.510%, 3/26/2028 †x# | LendingPoint | 4/24/2023 | 3446 | 3446 | 3443 |
| &nbsp;&nbsp;&nbsp; LAI-00800167, 20.690%, 11/02/2027 †x | LendingPoint | 4/24/2023 | 7927 | 7927 | 7646 |
| &nbsp;&nbsp;&nbsp; LAI-00800168, 27.950%, 4/13/2028 †x# | LendingPoint | 4/24/2023 | 2706 | 2706 | 2626 |
| &nbsp;&nbsp;&nbsp; LAI-00800176, 30.290%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 2131 | 2131 | 2111 |
| &nbsp;&nbsp;&nbsp; LAI-00800179, 18.810%, 4/17/2029 †x | LendingPoint | 4/24/2023 | 22852 | 22852 | 22678 |
| &nbsp;&nbsp;&nbsp; LAI-00800197, 19.250%, 4/19/2029 †x# | LendingPoint | 4/24/2023 | 9219 | 9219 | 9138 |
| &nbsp;&nbsp;&nbsp; LAI-00800216, 18.000%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 8477 | 8477 | 8397 |
| &nbsp;&nbsp;&nbsp; LAI-00800218, 18.000%, 4/19/2029 †x | LendingPoint | 4/24/2023 | 33871 | 33871 | 33389 |
| &nbsp;&nbsp;&nbsp; LAI-00800229, 30.290%, 2/21/2028 †x | LendingPoint | 4/24/2023 | 7115 | 7115 | 7092 |
| &nbsp;&nbsp;&nbsp; LAI-00800239, 27.060%, 9/30/2028 †x# | LendingPoint | 4/24/2023 | 10683 | 10683 | 10206 |
| &nbsp;&nbsp;&nbsp; LAI-00800244, 18.000%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 11727 | 11727 | 11395 |
| &nbsp;&nbsp;&nbsp; LAI-00800269, 23.370%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 11733 | 11733 | 11597 |
| &nbsp;&nbsp;&nbsp; LAI-00800274, 21.860%, 3/19/2029 †x# | LendingPoint | 4/24/2023 | 7555 | 7555 | 713 |
| &nbsp;&nbsp;&nbsp; LAI-00800275, 18.000%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 2076 | 2076 | 2054 |
| &nbsp;&nbsp;&nbsp; LAI-00800280, 21.330%, 3/23/2028 †x | LendingPoint | 4/24/2023 | 2561 | 2561 | 2489 |
| &nbsp;&nbsp;&nbsp; LAI-00800292, 19.010%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 5307 | 5307 | 5290 |
| &nbsp;&nbsp;&nbsp; LAI-00800297, 18.830%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 4074 | 4074 | 3986 |
| &nbsp;&nbsp;&nbsp; LAI-00800301, 17.370%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 5948 | 5948 | 5883 |
| &nbsp;&nbsp;&nbsp; LAI-00800302, 18.000%, 4/17/2029 †x | LendingPoint | 4/24/2023 | 21119 | 21119 | 20944 |
| &nbsp;&nbsp;&nbsp; LAI-00800310, 31.050%, 4/19/2028 †x | LendingPoint | 4/24/2023 | 6995 | 6995 | 6780 |
| &nbsp;&nbsp;&nbsp; LAI-00800312, 18.000%, 6/28/2029 †x# | LendingPoint | 4/24/2023 | 15547 | 15547 | 14448 |
| &nbsp;&nbsp;&nbsp; LAI-00800325, 30.120%, 4/19/2027 †x# | LendingPoint | 4/24/2023 | 3664 | 3664 | 3748 |
| &nbsp;&nbsp;&nbsp; LAI-00800332, 17.370%, 8/19/2028 †x# | LendingPoint | 4/24/2023 | 6334 | 6334 | 6220 |
| &nbsp;&nbsp;&nbsp; LAI-00800333, 18.830%, 7/30/2030 †x | LendingPoint | 4/24/2023 | 22570 | 22570 | 21552 |
| &nbsp;&nbsp;&nbsp; LAI-00800351, 18.960%, 4/13/2029 †x# | LendingPoint | 4/24/2023 | 10220 | 10220 | 10133 |
| &nbsp;&nbsp;&nbsp; LAI-00800352, 20.420%, 4/20/2029 †x | LendingPoint | 4/24/2023 | 10501 | 10501 | 10452 |
| &nbsp;&nbsp;&nbsp; LAI-00800354, 30.800%, 4/20/2028 †x | LendingPoint | 4/24/2023 | 3361 | 3361 | 3365 |
| &nbsp;&nbsp;&nbsp; LAI-00800367, 22.530%, 6/15/2029 †x# | LendingPoint | 4/24/2023 | 7491 | 7491 | 1277 |
| &nbsp;&nbsp;&nbsp; LAI-00800368, 28.760%, 4/20/2027 †§x | LendingPoint | 4/24/2023 | 2729 | 2729 | 2795 |
| &nbsp;&nbsp;&nbsp; LAI-00800369, 22.530%, 11/13/2026 †x | LendingPoint | 4/24/2023 | 19968 | 19968 | 19236 |
| &nbsp;&nbsp;&nbsp; LAI-00800385, 29.420%, 9/26/2026 †x# | LendingPoint | 4/24/2023 | 3274 | 3274 | 3054 |
| &nbsp;&nbsp;&nbsp; LAI-00800391, 18.000%, 8/20/2030 †x | LendingPoint | 4/24/2023 | 22576 | 22576 | 21929 |
| &nbsp;&nbsp;&nbsp; LAI-00800393, 30.090%, 4/15/2028 †x | LendingPoint | 4/24/2023 | 5481 | 5481 | 5339 |
| &nbsp;&nbsp;&nbsp; LAI-00800394, 29.460%, 4/20/2028 †x | LendingPoint | 4/24/2023 | 9090 | 9090 | 8824 |
| &nbsp;&nbsp;&nbsp; LAI-00800405, 29.510%, 4/20/2028 †x | LendingPoint | 4/24/2023 | 4920 | 4920 | 4929 |
| &nbsp;&nbsp;&nbsp; LAI-00800417, 30.090%, 3/26/2028 †x# | LendingPoint | 4/24/2023 | 16277 | 16277 | 15794 |
| &nbsp;&nbsp;&nbsp; LAI-00800419, 20.930%, 1/04/2028 †x | LendingPoint | 4/24/2023 | 23475 | 23475 | 22308 |
| &nbsp;&nbsp;&nbsp; LAI-00800427, 30.800%, 4/20/2028 †x# | LendingPoint | 4/24/2023 | 5774 | 5774 | 5725 |
| &nbsp;&nbsp;&nbsp; LAI-00800433, 18.000%, 4/20/2029 †x | LendingPoint | 4/24/2023 | 15658 | 15658 | 15595 |
| &nbsp;&nbsp;&nbsp; LAI-00800438, 18.140%, 4/20/2028 †x | LendingPoint | 4/24/2023 | 12592 | 12592 | 12464 |
| &nbsp;&nbsp;&nbsp; LAI-00800440, 17.370%, 10/20/2030 †x# | LendingPoint | 4/24/2023 | 23563 | 23563 | 22864 |
| &nbsp;&nbsp;&nbsp; LAI-00800446, 20.070%, 4/20/2026 †§x# | LendingPoint | 4/24/2023 | 373 | 373 | 375 |
| &nbsp;&nbsp;&nbsp; LAI-00800451, 21.000%, 4/20/2028 †x# | LendingPoint | 4/24/2023 | 2210 | 2210 | 209 |
| &nbsp;&nbsp;&nbsp; LAI-00800489, 21.330%, 4/15/2028 †x | LendingPoint | 4/24/2023 | 10617 | 10617 | 10358 |
| &nbsp;&nbsp;&nbsp; LAI-00800498, 18.000%, 10/10/2030 †x# | LendingPoint | 4/24/2023 | 23256 | 23256 | 4037 |
| &nbsp;&nbsp;&nbsp; LAI-00800503, 30.280%, 4/20/2028 †x | LendingPoint | 4/24/2023 | 3581 | 3581 | 3589 |
| &nbsp;&nbsp;&nbsp; LAI-00800508, 23.590%, 4/20/2027 †§x | LendingPoint | 4/24/2023 | 1315 | 1315 | 1314 |
| &nbsp;&nbsp;&nbsp; LAI-00800525, 28.420%, 4/20/2028 †x | LendingPoint | 4/24/2023 | 2836 | 2836 | 2801 |
| &nbsp;&nbsp;&nbsp; LAI-00800528, 18.000%, 4/20/2029 †x | LendingPoint | 4/24/2023 | 4233 | 4233 | 4193 |
| &nbsp;&nbsp;&nbsp; LAI-00804894, 0.000%, 3/31/2027 †x | LendingPoint | 5/05/2023 | 129 | 129 |  |
| &nbsp;&nbsp;&nbsp; LAI-00805503, 30.800%, 10/15/2028 †x | LendingPoint | 5/05/2023 | 15497 | 15497 | 15224 |
| &nbsp;&nbsp;&nbsp; LAI-00805598, 21.580%, 1/01/2030 †x# | LendingPoint | 5/05/2023 | 22980 | 22980 | 8000 |
| &nbsp;&nbsp;&nbsp; LAI-00805835, 0.000%, 5/15/2028 †x | LendingPoint | 5/05/2023 | 794 | 794 | 794 |
| &nbsp;&nbsp;&nbsp; LAI-00806049, 23.000%, 1/09/2030 †x# | LendingPoint | 5/05/2023 | 19627 | 19627 | 18802 |
| &nbsp;&nbsp;&nbsp; LAI-00806203, 20.270%, 9/02/2029 †x | LendingPoint | 5/09/2023 | 20739 | 20739 | 20169 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6299** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00806268, 18.000%, 4/04/2028 †x | LendingPoint | 5/09/2023 | $3613 | $3613 | $3546 |
| &nbsp;&nbsp;&nbsp; LAI-00806451, 23.700%, 5/02/2028 †x | LendingPoint | 5/09/2023 | 3839 | 3839 | 3763 |
| &nbsp;&nbsp;&nbsp; LAI-00806469, 30.800%, 4/16/2028 †x | LendingPoint | 5/09/2023 | 5819 | 5819 | 5725 |
| &nbsp;&nbsp;&nbsp; LAI-00806477, 30.540%, 11/10/2032 †x | LendingPoint | 5/09/2023 | 8204 | 8204 | 7662 |
| &nbsp;&nbsp;&nbsp; LAI-00806648, 23.130%, 5/02/2028 †x | LendingPoint | 5/09/2023 | 113 | 113 |  |
| &nbsp;&nbsp;&nbsp; LAI-00806793, 29.090%, 3/13/2028 †x | LendingPoint | 5/09/2023 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00807001, 26.180%, 5/03/2028 †x# | LendingPoint | 5/09/2023 | 5925 | 5925 | 559 |
| &nbsp;&nbsp;&nbsp; LAI-00808133, 18.000%, 6/15/2029 †x | LendingPoint | 5/12/2023 | 7 | 7 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00808671, 25.490%, 5/08/2028 †x | LendingPoint | 5/12/2023 | 7401 | 7401 | 7270 |
| &nbsp;&nbsp;&nbsp; LAI-00808694, 18.000%, 4/28/2030 †x | LendingPoint | 5/12/2023 | 15013 | 15013 | 14361 |
| &nbsp;&nbsp;&nbsp; LAI-00808733, 22.340%, 6/20/2030 †x# | LendingPoint | 5/12/2023 | 28515 | 28515 | 27462 |
| &nbsp;&nbsp;&nbsp; LAI-00809435, 30.800%, 4/23/2028 †x | LendingPoint | 5/16/2023 | 6797 | 6797 | 6718 |
| &nbsp;&nbsp;&nbsp; LAI-00809770, 18.000%, 5/09/2029 †x | LendingPoint | 5/16/2023 | 15239 | 15239 | 15114 |
| &nbsp;&nbsp;&nbsp; LAI-00810027, 18.000%, 5/10/2029 †x# | LendingPoint | 5/16/2023 | 32211 | 32211 | 3041 |
| &nbsp;&nbsp;&nbsp; LAI-00810325, 18.000%, 2/10/2030 †x# | LendingPoint | 5/16/2023 | 12828 | 12828 | 12584 |
| &nbsp;&nbsp;&nbsp; LAI-00810684, 20.430%, 7/30/2028 †x# | LendingPoint | 5/16/2023 | 25718 | 25718 | 2428 |
| &nbsp;&nbsp;&nbsp; LAI-00810690, 30.800%, 9/25/2028 †x# | LendingPoint | 5/16/2023 | 22296 | 22296 | 2105 |
| &nbsp;&nbsp;&nbsp; LAI-00811027, 18.000%, 9/30/2028 †x | LendingPoint | 5/17/2023 | 23275 | 23275 | 22685 |
| &nbsp;&nbsp;&nbsp; LAI-00812146, 30.800%, 5/15/2028 †x# | LendingPoint | 6/01/2023 | 4626 | 4626 | 437 |
| &nbsp;&nbsp;&nbsp; LAI-00812540, 19.140%, 5/16/2029 †x | LendingPoint | 6/01/2023 | 18797 | 18797 | 18544 |
| &nbsp;&nbsp;&nbsp; LAI-00813014, 29.510%, 5/17/2028 †x# | LendingPoint | 5/23/2023 | 3151 | 3151 | 3140 |
| &nbsp;&nbsp;&nbsp; LAI-00813024, 31.260%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 2707 | 2707 | 2698 |
| &nbsp;&nbsp;&nbsp; LAI-00813043, 29.350%, 5/28/2027 †x | LendingPoint | 5/23/2023 | 2043 | 2043 | 2017 |
| &nbsp;&nbsp;&nbsp; LAI-00813049, 30.000%, 7/17/2029 †x# | LendingPoint | 5/23/2023 | 15708 | 15708 | 14959 |
| &nbsp;&nbsp;&nbsp; LAI-00813063, 27.490%, 5/25/2026 †x# | LendingPoint | 5/23/2023 | 984 | 984 | 1008 |
| &nbsp;&nbsp;&nbsp; LAI-00813083, 30.800%, 2/27/2026 †x^ | LendingPoint | 5/23/2023 | 3612 | 3612 | 3455 |
| &nbsp;&nbsp;&nbsp; LAI-00813101, 22.140%, 5/30/2028 †x# | LendingPoint | 5/23/2023 | 2435 | 2435 | 683 |
| &nbsp;&nbsp;&nbsp; LAI-00813116, 0.000%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00813125, 21.000%, 9/26/2028 †x# | LendingPoint | 5/23/2023 | 15222 | 15222 | 1437 |
| &nbsp;&nbsp;&nbsp; LAI-00813126, 28.620%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 8091 | 8091 | 7976 |
| &nbsp;&nbsp;&nbsp; LAI-00813147, 28.940%, 5/17/2026 †§x | LendingPoint | 5/23/2023 | 588 | 588 | 597 |
| &nbsp;&nbsp;&nbsp; LAI-00813151, 0.000%, 5/17/2028 †x# | LendingPoint | 5/23/2023 | 192 | 192 |  |
| &nbsp;&nbsp;&nbsp; LAI-00813163, 26.570%, 2/28/2027 †x# | LendingPoint | 5/23/2023 | 9468 | 9468 | 8831 |
| &nbsp;&nbsp;&nbsp; LAI-00813188, 28.760%, 5/17/2027 †x# | LendingPoint | 5/23/2023 | 1771 | 1771 | 1775 |
| &nbsp;&nbsp;&nbsp; LAI-00813217, 30.120%, 5/17/2027 †x | LendingPoint | 5/23/2023 | 3888 | 3888 | 3961 |
| &nbsp;&nbsp;&nbsp; LAI-00813219, 26.120%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 1219 | 1219 | 1203 |
| &nbsp;&nbsp;&nbsp; LAI-00813221, 29.510%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 6759 | 6759 | 6737 |
| &nbsp;&nbsp;&nbsp; LAI-00813238, 29.720%, 5/30/2027 †x | LendingPoint | 5/23/2023 | 2343 | 2343 | 2341 |
| &nbsp;&nbsp;&nbsp; LAI-00813260, 29.930%, 5/30/2029 †x# | LendingPoint | 5/23/2023 | 23973 | 23973 | 22733 |
| &nbsp;&nbsp;&nbsp; LAI-00813261, 26.380%, 5/10/2028 †x# | LendingPoint | 5/23/2023 | 3708 | 3708 | 3700 |
| &nbsp;&nbsp;&nbsp; LAI-00813278, 29.510%, 3/30/2026 †x | LendingPoint | 5/23/2023 | 7390 | 7390 | 6630 |
| &nbsp;&nbsp;&nbsp; LAI-00813285, 29.420%, 5/10/2027 †x# | LendingPoint | 5/23/2023 | 830 | 830 | 846 |
| &nbsp;&nbsp;&nbsp; LAI-00813288, 29.840%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 5138 | 5138 | 5051 |
| &nbsp;&nbsp;&nbsp; LAI-00813295, 30.000%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 3087 | 3087 | 3043 |
| &nbsp;&nbsp;&nbsp; LAI-00813297, 0.000%, 5/17/2028 †x# | LendingPoint | 5/23/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00813337, 29.890%, 5/17/2027 †§x | LendingPoint | 5/23/2023 | 20 | 20 |  |
| &nbsp;&nbsp;&nbsp; LAI-00813338, 25.140%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 6846 | 6846 | 6747 |
| &nbsp;&nbsp;&nbsp; LAI-00813356, 27.490%, 5/17/2026 †x | LendingPoint | 5/23/2023 | 495 | 495 | 504 |
| &nbsp;&nbsp;&nbsp; LAI-00813369, 30.800%, 5/17/2028 †x | LendingPoint | 5/23/2023 | 5496 | 5496 | 5473 |
| &nbsp;&nbsp;&nbsp; LAI-00813411, 30.120%, 5/18/2027 †§x# | LendingPoint | 5/23/2023 | 1943 | 1943 | 1980 |
| &nbsp;&nbsp;&nbsp; LAI-00813414, 24.940%, 5/18/2025 †x#^ | LendingPoint | 5/23/2023 | 167 | 167 | 16 |
| &nbsp;&nbsp;&nbsp; LAI-00813445, 30.640%, 5/18/2028 †x# | LendingPoint | 5/23/2023 | 977 | 977 | 975 |
| &nbsp;&nbsp;&nbsp; LAI-00813452, 28.250%, 5/18/2027 †x# | LendingPoint | 5/23/2023 | 3690 | 3690 | 3722 |
| &nbsp;&nbsp;&nbsp; LAI-00813473, 16.240%, 5/18/2028 †x | LendingPoint | 5/23/2023 | 3501 | 3501 | 3460 |
| &nbsp;&nbsp;&nbsp; LAI-00813497, 29.510%, 5/18/2028 †x# | LendingPoint | 5/23/2023 | 5045 | 5045 | 5031 |
| &nbsp;&nbsp;&nbsp; LAI-00813506, 26.340%, 5/18/2028 †x# | LendingPoint | 5/23/2023 | 15720 | 15720 | 15712 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6300** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00813514, 29.510%, 4/30/2028 †x# | LendingPoint | 5/23/2023 | $6179 | $6179 | $6076 |
| &nbsp;&nbsp;&nbsp; LAI-00813526, 0.000%, 5/18/2028 †x | LendingPoint | 5/23/2023 | 10 | 10 | 10 |
| &nbsp;&nbsp;&nbsp; LAI-00813543, 27.050%, 5/05/2028 †x# | LendingPoint | 5/23/2023 | 6610 | 6610 | 1355 |
| &nbsp;&nbsp;&nbsp; LAI-00813544, 29.510%, 10/21/2028 †x | LendingPoint | 5/23/2023 | 2301 | 2301 | 2297 |
| &nbsp;&nbsp;&nbsp; LAI-00813560, 18.000%, 9/18/2028 †x# | LendingPoint | 5/24/2023 | 16493 | 16493 | 4632 |
| &nbsp;&nbsp;&nbsp; LAI-00813569, 30.460%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 11911 | 11911 | 11810 |
| &nbsp;&nbsp;&nbsp; LAI-00813574, 19.430%, 5/29/2028 †x# | LendingPoint | 5/24/2023 | 2384 | 2384 | 349 |
| &nbsp;&nbsp;&nbsp; LAI-00813575, 21.600%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 8700 | 8700 | 8417 |
| &nbsp;&nbsp;&nbsp; LAI-00813581, 23.760%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 3860 | 3860 | 3747 |
| &nbsp;&nbsp;&nbsp; LAI-00813585, 18.000%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 31298 | 31298 | 7822 |
| &nbsp;&nbsp;&nbsp; LAI-00813587, 25.140%, 3/30/2026 †x | LendingPoint | 5/24/2023 | 7715 | 7715 | 6478 |
| &nbsp;&nbsp;&nbsp; LAI-00813606, 25.000%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 6908 | 6908 | 6907 |
| &nbsp;&nbsp;&nbsp; LAI-00813611, 25.100%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 6896 | 6896 | 6842 |
| &nbsp;&nbsp;&nbsp; LAI-00813614, 21.000%, 5/30/2028 †x# | LendingPoint | 5/24/2023 | 13040 | 13040 | 12753 |
| &nbsp;&nbsp;&nbsp; LAI-00813637, 30.000%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 11596 | 11596 | 11431 |
| &nbsp;&nbsp;&nbsp; LAI-00813638, 18.000%, 6/23/2028 †x# | LendingPoint | 5/24/2023 | 10694 | 10694 | 2560 |
| &nbsp;&nbsp;&nbsp; LAI-00813641, 22.530%, 9/18/2028 †x# | LendingPoint | 5/24/2023 | 9679 | 9679 | 9289 |
| &nbsp;&nbsp;&nbsp; LAI-00813648, 27.340%, 8/01/2028 †x# | LendingPoint | 5/24/2023 | 7905 | 7905 | 746 |
| &nbsp;&nbsp;&nbsp; LAI-00813653, 0.000%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 394 | 394 |  |
| &nbsp;&nbsp;&nbsp; LAI-00813667, 20.080%, 12/30/2032 †x | LendingPoint | 5/24/2023 | 16304 | 16304 | 5629 |
| &nbsp;&nbsp;&nbsp; LAI-00813701, 18.230%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 9222 | 9222 | 9165 |
| &nbsp;&nbsp;&nbsp; LAI-00813714, 27.000%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 3982 | 3982 | 3861 |
| &nbsp;&nbsp;&nbsp; LAI-00813723, 30.800%, 7/18/2028 †x# | LendingPoint | 5/24/2023 | 4234 | 4234 | 4212 |
| &nbsp;&nbsp;&nbsp; LAI-00813724, 29.510%, 10/18/2028 †x# | LendingPoint | 5/24/2023 | 2232 | 2232 | 211 |
| &nbsp;&nbsp;&nbsp; LAI-00813745, 21.000%, 4/18/2029 †x# | LendingPoint | 5/24/2023 | 3907 | 3907 | 3815 |
| &nbsp;&nbsp;&nbsp; LAI-00813748, 19.620%, 12/31/2026 †x# | LendingPoint | 5/24/2023 | 12039 | 12039 | 1136 |
| &nbsp;&nbsp;&nbsp; LAI-00813752, 24.780%, 4/18/2028 †x# | LendingPoint | 5/24/2023 | 8447 | 8447 | 8196 |
| &nbsp;&nbsp;&nbsp; LAI-00813754, 18.000%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 14116 | 14116 | 14030 |
| &nbsp;&nbsp;&nbsp; LAI-00813760, 19.410%, 4/18/2028 †x# | LendingPoint | 5/24/2023 | 1106 | 1106 | 195 |
| &nbsp;&nbsp;&nbsp; LAI-00813774, 20.690%, 5/30/2028 †x# | LendingPoint | 5/24/2023 | 15935 | 15935 | 4476 |
| &nbsp;&nbsp;&nbsp; LAI-00813778, 28.990%, 3/15/2031 †x# | LendingPoint | 5/24/2023 | 6517 | 6517 | 6232 |
| &nbsp;&nbsp;&nbsp; LAI-00813785, 18.000%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 34445 | 34445 | 3252 |
| &nbsp;&nbsp;&nbsp; LAI-00813795, 19.750%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 33901 | 33901 | 33462 |
| &nbsp;&nbsp;&nbsp; LAI-00813799, 30.800%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 1655 | 1655 | 242 |
| &nbsp;&nbsp;&nbsp; LAI-00813806, 18.000%, 9/18/2029 †x# | LendingPoint | 5/24/2023 | 14661 | 14661 | 1384 |
| &nbsp;&nbsp;&nbsp; LAI-00813832, 19.520%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 9935 | 9935 | 9789 |
| &nbsp;&nbsp;&nbsp; LAI-00813835, 30.800%, 4/25/2028 †x# | LendingPoint | 5/24/2023 | 3079 | 3079 | 1026 |
| &nbsp;&nbsp;&nbsp; LAI-00813837, 30.000%, 11/04/2027 †x# | LendingPoint | 5/24/2023 | 15069 | 15069 | 1423 |
| &nbsp;&nbsp;&nbsp; LAI-00813839, 20.690%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 16204 | 16204 | 15753 |
| &nbsp;&nbsp;&nbsp; LAI-00813846, 22.580%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 2421 | 2421 | 2353 |
| &nbsp;&nbsp;&nbsp; LAI-00813849, 20.690%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 11084 | 11084 | 10775 |
| &nbsp;&nbsp;&nbsp; LAI-00813850, 30.290%, 11/05/2027 †x | LendingPoint | 5/24/2023 | 9149 | 9149 | 8826 |
| &nbsp;&nbsp;&nbsp; LAI-00813852, 21.000%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 4661 | 4661 | 4457 |
| &nbsp;&nbsp;&nbsp; LAI-00813883, 18.830%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 1133 | 1133 | 1101 |
| &nbsp;&nbsp;&nbsp; LAI-00813891, 20.690%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 26727 | 26727 | 26514 |
| &nbsp;&nbsp;&nbsp; LAI-00813892, 29.510%, 5/18/2028 †x# | LendingPoint | 5/24/2023 | 3144 | 3144 | 3135 |
| &nbsp;&nbsp;&nbsp; LAI-00813893, 18.310%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 14897 | 14897 | 14711 |
| &nbsp;&nbsp;&nbsp; LAI-00813901, 18.000%, 12/18/2029 †x# | LendingPoint | 5/24/2023 | 15999 | 15999 | 4125 |
| &nbsp;&nbsp;&nbsp; LAI-00813915, 22.030%, 5/19/2027 †§x# | LendingPoint | 5/24/2023 | 1558 | 1558 | 1551 |
| &nbsp;&nbsp;&nbsp; LAI-00813918, 18.000%, 5/30/2028 †x | LendingPoint | 5/24/2023 | 4692 | 4692 | 4598 |
| &nbsp;&nbsp;&nbsp; LAI-00813920, 19.990%, 6/22/2029 †x | LendingPoint | 5/24/2023 | 4021 | 4021 | 3975 |
| &nbsp;&nbsp;&nbsp; LAI-00813930, 30.800%, 4/28/2028 †x# | LendingPoint | 5/24/2023 | 4245 | 4245 | 4171 |
| &nbsp;&nbsp;&nbsp; LAI-00813935, 23.000%, 6/25/2028 †x# | LendingPoint | 5/24/2023 | 5750 | 5750 | 5776 |
| &nbsp;&nbsp;&nbsp; LAI-00813955, 30.800%, 5/19/2028 †x# | LendingPoint | 5/24/2023 | 4134 | 4134 | 4124 |
| &nbsp;&nbsp;&nbsp; LAI-00813981, 26.100%, 5/19/2029 †x# | LendingPoint | 5/24/2023 | 12595 | 12595 | 12120 |
| &nbsp;&nbsp;&nbsp; LAI-00813985, 30.800%, 4/30/2026 †x# | LendingPoint | 5/24/2023 | 8039 | 8039 | 7415 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6301** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00813989, 21.080%, 5/19/2028 †x | LendingPoint | 5/24/2023 | $4722 | $4722 | $4589 |
| &nbsp;&nbsp;&nbsp; LAI-00813990, 18.000%, 5/19/2029 †x# | LendingPoint | 5/24/2023 | 9703 | 9703 | 9631 |
| &nbsp;&nbsp;&nbsp; LAI-00813998, 30.800%, 5/19/2028 †x# | LendingPoint | 5/24/2023 | 3446 | 3446 | 3437 |
| &nbsp;&nbsp;&nbsp; LAI-00813999, 18.000%, 5/04/2029 †x# | LendingPoint | 5/24/2023 | 20959 | 20959 | 20544 |
| &nbsp;&nbsp;&nbsp; LAI-00814005, 23.080%, 5/29/2028 †x# | LendingPoint | 5/24/2023 | 11050 | 11050 | 10623 |
| &nbsp;&nbsp;&nbsp; LAI-00814014, 19.620%, 5/19/2028 †x# | LendingPoint | 5/24/2023 | 11119 | 11119 | 10976 |
| &nbsp;&nbsp;&nbsp; LAI-00814025, 18.000%, 5/19/2028 †x# | LendingPoint | 5/24/2023 | 11379 | 11379 | 11261 |
| &nbsp;&nbsp;&nbsp; LAI-00814031, 29.510%, 7/19/2031 †x# | LendingPoint | 5/24/2023 | 7671 | 7671 | 2057 |
| &nbsp;&nbsp;&nbsp; LAI-00814035, 25.180%, 5/19/2028 †x# | LendingPoint | 5/24/2023 | 8499 | 8499 | 8249 |
| &nbsp;&nbsp;&nbsp; LAI-00814061, 0.000%, 4/22/2028 †x | LendingPoint | 5/24/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00814062, 18.000%, 5/19/2029 †x# | LendingPoint | 5/24/2023 | 3245 | 3245 | 3215 |
| &nbsp;&nbsp;&nbsp; LAI-00814063, 29.270%, 5/19/2028 †x# | LendingPoint | 5/24/2023 | 3398 | 3398 | 3350 |
| &nbsp;&nbsp;&nbsp; LAI-00814074, 18.000%, 4/22/2029 †x# | LendingPoint | 5/25/2023 | 2907 | 2907 | 2875 |
| &nbsp;&nbsp;&nbsp; LAI-00814097, 0.000%, 5/19/2028 †x | LendingPoint | 5/25/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00814101, 30.460%, 4/19/2030 †x# | LendingPoint | 5/25/2023 | 14286 | 14286 | 13602 |
| &nbsp;&nbsp;&nbsp; LAI-00814103, 18.310%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 12146 | 12146 | 12028 |
| &nbsp;&nbsp;&nbsp; LAI-00814104, 19.370%, 5/26/2028 †x | LendingPoint | 5/25/2023 | 7555 | 7555 | 7413 |
| &nbsp;&nbsp;&nbsp; LAI-00814112, 31.280%, 5/19/2027 †§x | LendingPoint | 5/25/2023 | 1081 | 1081 | 1092 |
| &nbsp;&nbsp;&nbsp; LAI-00814113, 18.000%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 16801 | 16801 | 16640 |
| &nbsp;&nbsp;&nbsp; LAI-00814114, 22.890%, 3/26/2026 †x | LendingPoint | 5/25/2023 | 8195 | 8195 | 6876 |
| &nbsp;&nbsp;&nbsp; LAI-00814124, 27.490%, 5/19/2026 †§x# | LendingPoint | 5/25/2023 | 406 | 406 | 414 |
| &nbsp;&nbsp;&nbsp; LAI-00814132, 23.000%, 5/05/2028 †x# | LendingPoint | 5/25/2023 | 3091 | 3091 | 3070 |
| &nbsp;&nbsp;&nbsp; LAI-00814136, 27.990%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 2999 | 2999 | 2965 |
| &nbsp;&nbsp;&nbsp; LAI-00814154, 30.800%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 5727 | 5727 | 5738 |
| &nbsp;&nbsp;&nbsp; LAI-00814166, 18.000%, 5/26/2028 †x | LendingPoint | 5/25/2023 | 14301 | 14301 | 14056 |
| &nbsp;&nbsp;&nbsp; LAI-00814171, 18.000%, 5/01/2029 †x# | LendingPoint | 5/25/2023 | 9557 | 9557 | 9435 |
| &nbsp;&nbsp;&nbsp; LAI-00814178, 27.000%, 1/10/2030 †x# | LendingPoint | 5/25/2023 | 3936 | 3936 | 3710 |
| &nbsp;&nbsp;&nbsp; LAI-00814189, 0.000%, 5/19/2027 †x# | LendingPoint | 5/25/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00814192, 18.000%, 5/19/2029 †x# | LendingPoint | 5/25/2023 | 32936 | 32936 | 32635 |
| &nbsp;&nbsp;&nbsp; LAI-00814195, 25.950%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 1453 | 1453 | 1415 |
| &nbsp;&nbsp;&nbsp; LAI-00814196, 30.800%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 3504 | 3504 | 3497 |
| &nbsp;&nbsp;&nbsp; LAI-00814203, 23.130%, 4/19/2029 †x# | LendingPoint | 5/25/2023 | 12846 | 12846 | 12511 |
| &nbsp;&nbsp;&nbsp; LAI-00814206, 18.000%, 5/19/2029 †x# | LendingPoint | 5/25/2023 | 1787 | 1787 | 1770 |
| &nbsp;&nbsp;&nbsp; LAI-00814214, 21.000%, 4/26/2028 †x | LendingPoint | 5/25/2023 | 20196 | 20196 | 20005 |
| &nbsp;&nbsp;&nbsp; LAI-00814215, 19.280%, 5/19/2029 †x# | LendingPoint | 5/25/2023 | 8244 | 8244 | 8164 |
| &nbsp;&nbsp;&nbsp; LAI-00814218, 29.510%, 4/28/2028 †x# | LendingPoint | 5/25/2023 | 4750 | 4750 | 4657 |
| &nbsp;&nbsp;&nbsp; LAI-00814227, 30.800%, 4/29/2026 †x | LendingPoint | 5/25/2023 | 5822 | 5822 | 5467 |
| &nbsp;&nbsp;&nbsp; LAI-00814236, 18.720%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 20708 | 20708 | 20136 |
| &nbsp;&nbsp;&nbsp; LAI-00814240, 29.510%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 5131 | 5131 | 5118 |
| &nbsp;&nbsp;&nbsp; LAI-00814245, 26.090%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 8618 | 8618 | 8302 |
| &nbsp;&nbsp;&nbsp; LAI-00814246, 30.120%, 9/10/2027 †x# | LendingPoint | 5/25/2023 | 6915 | 6915 | 2545 |
| &nbsp;&nbsp;&nbsp; LAI-00814256, 18.000%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 8464 | 8464 | 8232 |
| &nbsp;&nbsp;&nbsp; LAI-00814264, 0.000%, 5/19/2027 †x | LendingPoint | 5/25/2023 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00814265, 25.050%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 11703 | 11703 | 11322 |
| &nbsp;&nbsp;&nbsp; LAI-00814273, 27.000%, 8/01/2028 †x | LendingPoint | 5/25/2023 | 11559 | 11559 | 11092 |
| &nbsp;&nbsp;&nbsp; LAI-00814274, 18.000%, 4/26/2026 †x# | LendingPoint | 5/25/2023 | 880 | 880 | 887 |
| &nbsp;&nbsp;&nbsp; LAI-00814277, 14.990%, 5/26/2028 †x | LendingPoint | 5/25/2023 | 14310 | 14310 | 14243 |
| &nbsp;&nbsp;&nbsp; LAI-00814282, 18.000%, 4/20/2029 †x# | LendingPoint | 5/25/2023 | 10772 | 10772 | 10590 |
| &nbsp;&nbsp;&nbsp; LAI-00814290, 25.950%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 14300 | 14300 | 13874 |
| &nbsp;&nbsp;&nbsp; LAI-00814305, 30.800%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 2051 | 2051 | 2056 |
| &nbsp;&nbsp;&nbsp; LAI-00814310, 28.760%, 10/27/2027 †x# | LendingPoint | 5/25/2023 | 4390 | 4390 | 4430 |
| &nbsp;&nbsp;&nbsp; LAI-00814325, 20.120%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 1236 | 1236 | 1223 |
| &nbsp;&nbsp;&nbsp; LAI-00814330, 28.760%, 7/01/2027 †x | LendingPoint | 5/25/2023 | 961 | 961 | 966 |
| &nbsp;&nbsp;&nbsp; LAI-00814332, 30.120%, 5/19/2027 †x# | LendingPoint | 5/25/2023 | 1618 | 1618 | 296 |
| &nbsp;&nbsp;&nbsp; LAI-00814341, 19.250%, 6/29/2027 †x# | LendingPoint | 5/25/2023 | 6478 | 6478 | 6440 |
| &nbsp;&nbsp;&nbsp; LAI-00814342, 28.760%, 5/28/2027 †x# | LendingPoint | 5/25/2023 | 1646 | 1646 | 1652 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6302** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00814348, 26.280%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | $305 | $305 | $302 |
| &nbsp;&nbsp;&nbsp; LAI-00814357, 27.590%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 8606 | 8606 | 8445 |
| &nbsp;&nbsp;&nbsp; LAI-00814358, 28.770%, 5/19/2027 †§x# | LendingPoint | 5/25/2023 | 1590 | 1590 | 1596 |
| &nbsp;&nbsp;&nbsp; LAI-00814362, 27.530%, 9/19/2028 †x# | LendingPoint | 5/25/2023 | 10764 | 10764 | 10276 |
| &nbsp;&nbsp;&nbsp; LAI-00814366, 28.760%, 4/23/2027 †x | LendingPoint | 5/25/2023 | 1781 | 1781 | 1823 |
| &nbsp;&nbsp;&nbsp; LAI-00814371, 26.800%, 5/19/2027 †x# | LendingPoint | 5/25/2023 | 3437 | 3437 | 3469 |
| &nbsp;&nbsp;&nbsp; LAI-00814372, 19.250%, 5/19/2027 †x# | LendingPoint | 5/25/2023 | 7343 | 7343 | 7359 |
| &nbsp;&nbsp;&nbsp; LAI-00814373, 31.290%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 1906 | 1906 | 1908 |
| &nbsp;&nbsp;&nbsp; LAI-00814378, 16.240%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 5240 | 5240 | 5190 |
| &nbsp;&nbsp;&nbsp; LAI-00814384, 27.530%, 5/20/2029 †x | LendingPoint | 5/25/2023 | 32804 | 32804 | 32535 |
| &nbsp;&nbsp;&nbsp; LAI-00814388, 20.690%, 5/20/2028 †x# | LendingPoint | 5/25/2023 | 4098 | 4098 | 4057 |
| &nbsp;&nbsp;&nbsp; LAI-00814395, 18.000%, 5/20/2026 †§x | LendingPoint | 5/25/2023 | 1051 | 1051 | 1060 |
| &nbsp;&nbsp;&nbsp; LAI-00814397, 21.580%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 8092 | 8092 | 7867 |
| &nbsp;&nbsp;&nbsp; LAI-00814399, 29.510%, 5/01/2028 †x | LendingPoint | 5/25/2023 | 1659 | 1659 | 1622 |
| &nbsp;&nbsp;&nbsp; LAI-00814402, 0.000%, 6/25/2028 †x | LendingPoint | 5/25/2023 | 12 | 12 | 12 |
| &nbsp;&nbsp;&nbsp; LAI-00814403, 28.760%, 4/30/2027 †x | LendingPoint | 5/25/2023 | 3688 | 3688 | 3500 |
| &nbsp;&nbsp;&nbsp; LAI-00814424, 18.000%, 5/20/2029 †x | LendingPoint | 5/25/2023 | 16923 | 16923 | 16839 |
| &nbsp;&nbsp;&nbsp; LAI-00814428, 26.590%, 5/20/2025 †x#^ | LendingPoint | 5/25/2023 | 2535 | 2535 | 371 |
| &nbsp;&nbsp;&nbsp; LAI-00814429, 27.000%, 10/21/2028 †x | LendingPoint | 5/25/2023 | 13992 | 13992 | 13343 |
| &nbsp;&nbsp;&nbsp; LAI-00814432, 16.420%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 14279 | 14279 | 14114 |
| &nbsp;&nbsp;&nbsp; LAI-00814434, 25.090%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 13851 | 13851 | 13669 |
| &nbsp;&nbsp;&nbsp; LAI-00814441, 24.800%, 5/07/2027 †x# | LendingPoint | 5/25/2023 | 1817 | 1817 | 1809 |
| &nbsp;&nbsp;&nbsp; LAI-00814442, 30.800%, 6/04/2028 †x# | LendingPoint | 5/25/2023 | 6594 | 6594 | 6526 |
| &nbsp;&nbsp;&nbsp; LAI-00814457, 24.800%, 5/07/2027 †x# | LendingPoint | 5/25/2023 | 4257 | 4257 | 4239 |
| &nbsp;&nbsp;&nbsp; LAI-00814458, 25.000%, 5/20/2027 †§x# | LendingPoint | 5/25/2023 | 2927 | 2927 | 2998 |
| &nbsp;&nbsp;&nbsp; LAI-00814463, 18.000%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 8696 | 8696 | 8426 |
| &nbsp;&nbsp;&nbsp; LAI-00814466, 30.120%, 5/20/2027 †x | LendingPoint | 5/25/2023 | 3138 | 3138 | 3203 |
| &nbsp;&nbsp;&nbsp; LAI-00814474, 18.000%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 9080 | 9080 | 8968 |
| &nbsp;&nbsp;&nbsp; LAI-00814475, 20.690%, 6/26/2028 †x | LendingPoint | 5/25/2023 | 2812 | 2812 | 2749 |
| &nbsp;&nbsp;&nbsp; LAI-00814476, 0.000%, 4/30/2027 †x# | LendingPoint | 5/25/2023 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00814482, 29.510%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 1881 | 1881 | 1888 |
| &nbsp;&nbsp;&nbsp; LAI-00814483, 23.000%, 10/24/2026 †x | LendingPoint | 5/25/2023 | 13520 | 13520 | 12903 |
| &nbsp;&nbsp;&nbsp; LAI-00814484, 27.490%, 5/20/2026 †§x# | LendingPoint | 5/25/2023 | 587 | 587 | 600 |
| &nbsp;&nbsp;&nbsp; LAI-00814486, 29.950%, 5/01/2028 †x | LendingPoint | 5/25/2023 | 8990 | 8990 | 8533 |
| &nbsp;&nbsp;&nbsp; LAI-00814502, 25.180%, 6/30/2028 †x# | LendingPoint | 5/25/2023 | 6053 | 6053 | 5814 |
| &nbsp;&nbsp;&nbsp; LAI-00814503, 27.000%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 9840 | 9840 | 9550 |
| &nbsp;&nbsp;&nbsp; LAI-00814504, 28.760%, 5/20/2027 †§x | LendingPoint | 5/25/2023 | 2643 | 2643 | 2652 |
| &nbsp;&nbsp;&nbsp; LAI-00814506, 31.280%, 5/20/2027 †§x | LendingPoint | 5/25/2023 | 586 | 586 | 593 |
| &nbsp;&nbsp;&nbsp; LAI-00814507, 20.210%, 5/20/2027 †§x# | LendingPoint | 5/25/2023 | 804 | 804 | 801 |
| &nbsp;&nbsp;&nbsp; LAI-00814509, 19.370%, 5/26/2028 †x | LendingPoint | 5/25/2023 | 11147 | 11147 | 10942 |
| &nbsp;&nbsp;&nbsp; LAI-00814510, 29.510%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 4703 | 4703 | 4694 |
| &nbsp;&nbsp;&nbsp; LAI-00814516, 31.040%, 3/25/2028 †x | LendingPoint | 5/25/2023 | 3226 | 3226 | 3230 |
| &nbsp;&nbsp;&nbsp; LAI-00814518, 24.750%, 5/20/2026 †§x# | LendingPoint | 5/25/2023 | 684 | 684 | 688 |
| &nbsp;&nbsp;&nbsp; LAI-00814519, 29.510%, 5/20/2028 †x# | LendingPoint | 5/25/2023 | 3874 | 3874 | 567 |
| &nbsp;&nbsp;&nbsp; LAI-00814522, 18.000%, 5/20/2029 †x | LendingPoint | 5/25/2023 | 24601 | 24601 | 24463 |
| &nbsp;&nbsp;&nbsp; LAI-00814525, 27.000%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 3310 | 3310 | 3212 |
| &nbsp;&nbsp;&nbsp; LAI-00814531, 29.510%, 5/20/2028 †x | LendingPoint | 5/25/2023 | 6389 | 6389 | 6378 |
| &nbsp;&nbsp;&nbsp; LAI-00814533, 27.300%, 4/16/2027 †x | LendingPoint | 5/25/2023 | 38 | 38 |  |
| &nbsp;&nbsp;&nbsp; LAI-00814534, 18.000%, 5/20/2029 †x | LendingPoint | 5/25/2023 | 2895 | 2895 | 2872 |
| &nbsp;&nbsp;&nbsp; LAI-00814537, 28.760%, 5/20/2027 †x# | LendingPoint | 5/25/2023 | 3328 | 3328 | 3407 |
| &nbsp;&nbsp;&nbsp; LAI-00814541, 30.120%, 4/26/2027 †x# | LendingPoint | 5/25/2023 | 2469 | 2469 | 2535 |
| &nbsp;&nbsp;&nbsp; LAI-00814547, 22.530%, 3/25/2028 †x | LendingPoint | 5/25/2023 | 11846 | 11846 | 11546 |
| &nbsp;&nbsp;&nbsp; LAI-00814559, 22.530%, 5/05/2028 †x# | LendingPoint | 5/25/2023 | 11731 | 11731 | 11329 |
| &nbsp;&nbsp;&nbsp; LAI-00814564, 29.510%, 8/04/2027 †x# | LendingPoint | 5/25/2023 | 6599 | 6599 | 6424 |
| &nbsp;&nbsp;&nbsp; LAI-00814567, 27.000%, 10/04/2027 †x | LendingPoint | 5/25/2023 | 3809 | 3809 | 3596 |
| &nbsp;&nbsp;&nbsp; LAI-00814568, 0.000%, 5/05/2028 †x | LendingPoint | 5/25/2023 | 36 | 36 | 36 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6303** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00814569, 29.510%, 5/21/2028 †x | LendingPoint | 5/25/2023 | $3710 | $3710 | $3706 |
| &nbsp;&nbsp;&nbsp; LAI-00814570, 25.000%, 5/21/2026 †§x | LendingPoint | 5/25/2023 | 808 | 808 | 812 |
| &nbsp;&nbsp;&nbsp; LAI-00814576, 25.720%, 5/21/2026 †§x# | LendingPoint | 5/25/2023 | 380 | 380 | 383 |
| &nbsp;&nbsp;&nbsp; LAI-00814580, 23.270%, 4/26/2028 †x# | LendingPoint | 5/25/2023 | 6466 | 6466 | 6393 |
| &nbsp;&nbsp;&nbsp; LAI-00814583, 30.120%, 5/21/2027 †x | LendingPoint | 5/25/2023 | 3561 | 3561 | 3575 |
| &nbsp;&nbsp;&nbsp; LAI-00814586, 18.000%, 6/01/2028 †x# | LendingPoint | 5/25/2023 | 9036 | 9036 | 1322 |
| &nbsp;&nbsp;&nbsp; LAI-00814588, 30.000%, 4/21/2028 †x# | LendingPoint | 5/25/2023 | 2906 | 2906 | 860 |
| &nbsp;&nbsp;&nbsp; LAI-00814591, 19.620%, 11/21/2029 †x# | LendingPoint | 5/25/2023 | 8369 | 8369 | 2284 |
| &nbsp;&nbsp;&nbsp; LAI-00814595, 30.800%, 5/21/2028 †x | LendingPoint | 5/25/2023 | 5088 | 5088 | 5013 |
| &nbsp;&nbsp;&nbsp; LAI-00814610, 30.800%, 5/21/2028 †x# | LendingPoint | 5/25/2023 | 10690 | 10690 | 1811 |
| &nbsp;&nbsp;&nbsp; LAI-00814612, 25.000%, 5/21/2028 †x | LendingPoint | 5/25/2023 | 9900 | 9900 | 9767 |
| &nbsp;&nbsp;&nbsp; LAI-00814613, 26.120%, 5/21/2028 †x | LendingPoint | 5/25/2023 | 4570 | 4570 | 4515 |
| &nbsp;&nbsp;&nbsp; LAI-00814618, 27.490%, 5/21/2026 †§x# | LendingPoint | 5/25/2023 | 213 | 213 | 218 |
| &nbsp;&nbsp;&nbsp; LAI-00814622, 21.990%, 5/21/2027 †x | LendingPoint | 5/25/2023 | 4725 | 4725 | 4708 |
| &nbsp;&nbsp;&nbsp; LAI-00814624, 18.000%, 5/25/2029 †x | LendingPoint | 5/25/2023 | 3356 | 3356 | 3291 |
| &nbsp;&nbsp;&nbsp; LAI-00814625, 28.760%, 6/29/2027 †x# | LendingPoint | 5/25/2023 | 3618 | 3618 | 3569 |
| &nbsp;&nbsp;&nbsp; LAI-00814626, 27.950%, 5/21/2028 †x | LendingPoint | 5/25/2023 | 2595 | 2595 | 2560 |
| &nbsp;&nbsp;&nbsp; LAI-00814630, 18.000%, 5/22/2027 †x | LendingPoint | 5/25/2023 | 1771 | 1771 | 1772 |
| &nbsp;&nbsp;&nbsp; LAI-00814633, 26.120%, 5/21/2028 †x | LendingPoint | 5/25/2023 | 7313 | 7313 | 7224 |
| &nbsp;&nbsp;&nbsp; LAI-00814635, 18.830%, 5/21/2028 †x | LendingPoint | 5/25/2023 | 11892 | 11892 | 11573 |
| &nbsp;&nbsp;&nbsp; LAI-00814636, 30.080%, 3/23/2028 †x | LendingPoint | 5/25/2023 | 5722 | 5722 | 5723 |
| &nbsp;&nbsp;&nbsp; LAI-00814637, 25.140%, 5/21/2028 †x | LendingPoint | 5/25/2023 | 4959 | 4959 | 4890 |
| &nbsp;&nbsp;&nbsp; LAI-00814645, 21.000%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 14027 | 14027 | 13867 |
| &nbsp;&nbsp;&nbsp; LAI-00814649, 26.120%, 4/30/2028 †x# | LendingPoint | 5/25/2023 | 7006 | 6873 | 1406 |
| &nbsp;&nbsp;&nbsp; LAI-00814651, 30.000%, 4/30/2028 †x# | LendingPoint | 5/25/2023 | 4191 | 4191 | 4084 |
| &nbsp;&nbsp;&nbsp; LAI-00814652, 18.000%, 1/22/2029 †x | LendingPoint | 5/25/2023 | 16756 | 16756 | 16685 |
| &nbsp;&nbsp;&nbsp; LAI-00814655, 28.760%, 1/28/2027 †x# | LendingPoint | 5/25/2023 | 6453 | 6453 | 6014 |
| &nbsp;&nbsp;&nbsp; LAI-00814656, 26.560%, 5/22/2029 †x | LendingPoint | 5/25/2023 | 15708 | 15708 | 15595 |
| &nbsp;&nbsp;&nbsp; LAI-00814662, 18.000%, 5/22/2029 †x | LendingPoint | 5/25/2023 | 15458 | 15458 | 15291 |
| &nbsp;&nbsp;&nbsp; LAI-00814667, 18.710%, 5/22/2028 †§x# | LendingPoint | 5/25/2023 | 57 | 57 | 56 |
| &nbsp;&nbsp;&nbsp; LAI-00814670, 18.000%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 8288 | 8288 | 8057 |
| &nbsp;&nbsp;&nbsp; LAI-00814671, 27.490%, 5/15/2026 †x | LendingPoint | 5/25/2023 | 376 | 376 | 378 |
| &nbsp;&nbsp;&nbsp; LAI-00814672, 18.000%, 5/05/2028 †x# | LendingPoint | 5/25/2023 | 9956 | 9956 | 9584 |
| &nbsp;&nbsp;&nbsp; LAI-00814674, 18.000%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 20639 | 20639 | 20015 |
| &nbsp;&nbsp;&nbsp; LAI-00814681, 24.490%, 5/22/2027 †x | LendingPoint | 5/25/2023 | 6735 | 6735 | 6710 |
| &nbsp;&nbsp;&nbsp; LAI-00814682, 18.830%, 9/22/2028 †x# | LendingPoint | 5/25/2023 | 4338 | 4338 | 1191 |
| &nbsp;&nbsp;&nbsp; LAI-00814688, 0.000%, 5/16/2028 †x# | LendingPoint | 5/25/2023 | 3831 | 3831 |  |
| &nbsp;&nbsp;&nbsp; LAI-00814689, 28.760%, 9/22/2027 †x# | LendingPoint | 5/25/2023 | 2396 | 2396 | 2436 |
| &nbsp;&nbsp;&nbsp; LAI-00814692, 30.000%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 6650 | 6650 | 6565 |
| &nbsp;&nbsp;&nbsp; LAI-00814697, 18.830%, 5/26/2028 †x | LendingPoint | 5/25/2023 | 16172 | 16172 | 15644 |
| &nbsp;&nbsp;&nbsp; LAI-00814699, 26.540%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 1561 | 1561 | 1541 |
| &nbsp;&nbsp;&nbsp; LAI-00814707, 21.080%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 1237 | 1237 | 1208 |
| &nbsp;&nbsp;&nbsp; LAI-00814716, 0.000%, 5/07/2029 †x | LendingPoint | 5/25/2023 | 39 | 39 | 39 |
| &nbsp;&nbsp;&nbsp; LAI-00814719, 29.950%, 11/01/2027 †x | LendingPoint | 5/25/2023 | 6387 | 6387 | 6157 |
| &nbsp;&nbsp;&nbsp; LAI-00814724, 19.410%, 5/22/2026 †§x | LendingPoint | 5/25/2023 | 589 | 589 | 597 |
| &nbsp;&nbsp;&nbsp; LAI-00814725, 21.140%, 7/22/2030 †x# | LendingPoint | 5/25/2023 | 21176 | 21176 | 3525 |
| &nbsp;&nbsp;&nbsp; LAI-00814728, 18.000%, 4/23/2028 †x | LendingPoint | 5/25/2023 | 3096 | 3096 | 3061 |
| &nbsp;&nbsp;&nbsp; LAI-00814730, 27.590%, 3/23/2028 †x | LendingPoint | 5/25/2023 | 8991 | 8991 | 8697 |
| &nbsp;&nbsp;&nbsp; LAI-00814734, 18.000%, 10/22/2029 †x | LendingPoint | 5/25/2023 | 6395 | 6395 | 6226 |
| &nbsp;&nbsp;&nbsp; LAI-00814738, 21.000%, 5/16/2028 †x | LendingPoint | 5/25/2023 | 8416 | 8416 | 8329 |
| &nbsp;&nbsp;&nbsp; LAI-00814743, 22.530%, 7/01/2028 †x | LendingPoint | 5/25/2023 | 6156 | 6156 | 5917 |
| &nbsp;&nbsp;&nbsp; LAI-00814744, 30.000%, 5/22/2028 †x# | LendingPoint | 5/25/2023 | 5632 | 5632 | 532 |
| &nbsp;&nbsp;&nbsp; LAI-00814745, 28.310%, 5/22/2028 †x# | LendingPoint | 5/25/2023 | 8187 | 8187 | 2356 |
| &nbsp;&nbsp;&nbsp; LAI-00814748, 30.800%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 2089 | 2089 | 2089 |
| &nbsp;&nbsp;&nbsp; LAI-00814751, 20.620%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 5202 | 5202 | 5139 |
| &nbsp;&nbsp;&nbsp; LAI-00814752, 22.280%, 4/30/2028 †x# | LendingPoint | 5/25/2023 | 10471 | 10471 | 10068 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6304** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00814754, 26.120%, 8/06/2028 †x | LendingPoint | 5/25/2023 | $5824 | $5824 | $5700 |
| &nbsp;&nbsp;&nbsp; LAI-00814756, 30.800%, 5/12/2028 †x# | LendingPoint | 5/25/2023 | 16016 | 16016 | 4838 |
| &nbsp;&nbsp;&nbsp; LAI-00814757, 30.120%, 12/05/2028 †x# | LendingPoint | 5/25/2023 | 1738 | 1738 | 164 |
| &nbsp;&nbsp;&nbsp; LAI-00814761, 23.340%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 5596 | 5596 | 5416 |
| &nbsp;&nbsp;&nbsp; LAI-00814764, 0.000%, 5/22/2026 †x# | LendingPoint | 5/25/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00814765, 26.490%, 5/22/2026 †x# | LendingPoint | 5/25/2023 | 2039 | 2039 | 390 |
| &nbsp;&nbsp;&nbsp; LAI-00814776, 30.800%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 3613 | 3613 | 3589 |
| &nbsp;&nbsp;&nbsp; LAI-00814785, 30.800%, 4/15/2030 †x | LendingPoint | 5/25/2023 | 11818 | 11818 | 11723 |
| &nbsp;&nbsp;&nbsp; LAI-00814786, 27.000%, 5/07/2028 †x | LendingPoint | 5/25/2023 | 22223 | 22223 | 21134 |
| &nbsp;&nbsp;&nbsp; LAI-00814792, 29.510%, 4/30/2028 †x# | LendingPoint | 5/25/2023 | 5149 | 5149 | 5031 |
| &nbsp;&nbsp;&nbsp; LAI-00814809, 28.520%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 4466 | 4466 | 4491 |
| &nbsp;&nbsp;&nbsp; LAI-00815464, 0.000%, 5/30/2029 †x# | LendingPoint | 6/01/2023 | 26565 | 26565 |  |
| &nbsp;&nbsp;&nbsp; LAI-00816025, 18.000%, 4/28/2029 †x# | LendingPoint | 6/01/2023 | 29907 | 29907 | 29532 |
| &nbsp;&nbsp;&nbsp; LAI-00816102, 19.160%, 5/24/2029 †x | LendingPoint | 6/01/2023 | 12073 | 12073 | 11945 |
| &nbsp;&nbsp;&nbsp; LAI-00817061, 18.000%, 6/28/2029 †x# | LendingPoint | 6/02/2023 | 3978 | 3978 | 3935 |
| &nbsp;&nbsp;&nbsp; LAI-00817062, 18.260%, 5/26/2029 †x# | LendingPoint | 6/02/2023 | 15913 | 15913 | 15804 |
| &nbsp;&nbsp;&nbsp; LAI-00817107, 29.510%, 5/26/2028 †x# | LendingPoint | 6/02/2023 | 4990 | 4990 | 5027 |
| &nbsp;&nbsp;&nbsp; LAI-00817120, 20.300%, 5/26/2028 †x | LendingPoint | 6/02/2023 | 3004 | 3004 | 2978 |
| &nbsp;&nbsp;&nbsp; LAI-00817153, 28.760%, 5/26/2027 †§x | LendingPoint | 6/02/2023 | 2403 | 2403 | 2439 |
| &nbsp;&nbsp;&nbsp; LAI-00817187, 22.260%, 5/26/2028 †x | LendingPoint | 6/02/2023 | 5042 | 5042 | 4929 |
| &nbsp;&nbsp;&nbsp; LAI-00817189, 18.250%, 5/26/2027 †§x# | LendingPoint | 6/02/2023 | 931 | 931 | 935 |
| &nbsp;&nbsp;&nbsp; LAI-00817229, 19.410%, 5/30/2026 †x# | LendingPoint | 6/02/2023 | 502 | 502 | 502 |
| &nbsp;&nbsp;&nbsp; LAI-00817234, 21.330%, 5/26/2028 †x | LendingPoint | 6/02/2023 | 6200 | 6200 | 6044 |
| &nbsp;&nbsp;&nbsp; LAI-00817263, 14.400%, 5/26/2028 †x# | LendingPoint | 6/02/2023 | 17341 | 17341 | 17219 |
| &nbsp;&nbsp;&nbsp; LAI-00817279, 24.560%, 5/26/2028 †x | LendingPoint | 6/02/2023 | 2600 | 2600 | 2513 |
| &nbsp;&nbsp;&nbsp; LAI-00817319, 28.760%, 5/14/2027 †x | LendingPoint | 6/02/2023 | 3594 | 3594 | 3611 |
| &nbsp;&nbsp;&nbsp; LAI-00817353, 18.000%, 6/02/2028 †x# | LendingPoint | 6/02/2023 | 15115 | 15115 | 14831 |
| &nbsp;&nbsp;&nbsp; LAI-00817355, 27.490%, 10/30/2026 †x# | LendingPoint | 6/02/2023 | 1654 | 1654 | 1669 |
| &nbsp;&nbsp;&nbsp; LAI-00817363, 14.170%, 5/21/2028 †x# | LendingPoint | 6/02/2023 | 2673 | 2673 | 2650 |
| &nbsp;&nbsp;&nbsp; LAI-00817370, 18.000%, 6/11/2029 †x | LendingPoint | 6/02/2023 | 26405 | 26405 | 26168 |
| &nbsp;&nbsp;&nbsp; LAI-00817469, 18.830%, 4/24/2026 †x# | LendingPoint | 6/02/2023 | 9349 | 9349 | 7958 |
| &nbsp;&nbsp;&nbsp; LAI-00817473, 18.830%, 5/28/2028 †x# | LendingPoint | 6/02/2023 | 7917 | 7917 | 7643 |
| &nbsp;&nbsp;&nbsp; LAI-00817480, 19.080%, 5/28/2028 †x# | LendingPoint | 6/02/2023 | 8509 | 8509 | 8335 |
| &nbsp;&nbsp;&nbsp; LAI-00817512, 30.120%, 5/28/2027 †§x# | LendingPoint | 6/02/2023 | 1927 | 1927 | 1944 |
| &nbsp;&nbsp;&nbsp; LAI-00817528, 25.410%, 9/28/2027 †x# | LendingPoint | 6/02/2023 | 12692 | 12692 | 12382 |
| &nbsp;&nbsp;&nbsp; LAI-00817539, 21.000%, 5/28/2028 †x# | LendingPoint | 6/02/2023 | 19802 | 19802 | 19418 |
| &nbsp;&nbsp;&nbsp; LAI-00817545, 18.000%, 6/01/2029 †x# | LendingPoint | 6/02/2023 | 19084 | 19084 | 18821 |
| &nbsp;&nbsp;&nbsp; LAI-00817560, 21.860%, 5/12/2028 †x | LendingPoint | 6/02/2023 | 8270 | 8270 | 7971 |
| &nbsp;&nbsp;&nbsp; LAI-00817578, 18.830%, 5/29/2028 †x# | LendingPoint | 6/02/2023 | 1132 | 1132 | 1089 |
| &nbsp;&nbsp;&nbsp; LAI-00817767, 18.280%, 5/30/2027 †x | LendingPoint | 6/02/2023 | 15808 | 15808 | 14750 |
| &nbsp;&nbsp;&nbsp; LAI-00817776, 18.830%, 6/14/2028 †x# | LendingPoint | 6/02/2023 | 10925 | 10925 | 10566 |
| &nbsp;&nbsp;&nbsp; LAI-00817777, 25.000%, 2/28/2030 †x# | LendingPoint | 6/02/2023 | 10349 | 10349 | 977 |
| &nbsp;&nbsp;&nbsp; LAI-00817819, 20.690%, 5/30/2028 †x# | LendingPoint | 6/02/2023 | 10918 | 10918 | 10506 |
| &nbsp;&nbsp;&nbsp; LAI-00817842, 30.800%, 5/30/2028 †x# | LendingPoint | 6/02/2023 | 3439 | 3439 | 3369 |
| &nbsp;&nbsp;&nbsp; LAI-00817874, 18.000%, 5/30/2029 †x# | LendingPoint | 6/05/2023 | 12059 | 12059 | 11822 |
| &nbsp;&nbsp;&nbsp; LAI-00817876, 18.000%, 5/30/2029 †x# | LendingPoint | 6/05/2023 | 7486 | 7486 | 7390 |
| &nbsp;&nbsp;&nbsp; LAI-00817933, 18.000%, 5/30/2028 †x | LendingPoint | 6/05/2023 | 14869 | 14869 | 14594 |
| &nbsp;&nbsp;&nbsp; LAI-00817949, 29.420%, 5/30/2027 †x | LendingPoint | 6/05/2023 | 3552 | 3552 | 3500 |
| &nbsp;&nbsp;&nbsp; LAI-00817987, 0.000%, 5/30/2028 †x | LendingPoint | 6/05/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00818004, 18.120%, 5/30/2029 †x# | LendingPoint | 6/05/2023 | 4072 | 4072 | 4020 |
| &nbsp;&nbsp;&nbsp; LAI-00818009, 30.000%, 5/26/2028 †x | LendingPoint | 6/05/2023 | 2698 | 2698 | 2675 |
| &nbsp;&nbsp;&nbsp; LAI-00818024, 18.000%, 5/28/2029 †x# | LendingPoint | 6/05/2023 | 26409 | 26409 | 25902 |
| &nbsp;&nbsp;&nbsp; LAI-00818046, 27.770%, 5/30/2028 †x# | LendingPoint | 6/05/2023 | 5060 | 5060 | 4965 |
| &nbsp;&nbsp;&nbsp; LAI-00818054, 30.640%, 5/30/2028 †x | LendingPoint | 6/05/2023 | 1712 | 1712 | 1686 |
| &nbsp;&nbsp;&nbsp; LAI-00818066, 18.000%, 2/05/2031 †x# | LendingPoint | 6/05/2023 | 23344 | 23344 | 3415 |
| &nbsp;&nbsp;&nbsp; LAI-00818079, 26.430%, 5/14/2028 †x | LendingPoint | 6/05/2023 | 19812 | 19812 | 18636 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6305** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00818092, 18.000%, 5/30/2026 †x# | LendingPoint | 6/05/2023 | $490 | $490 | $490 |
| &nbsp;&nbsp;&nbsp; LAI-00818107, 24.800%, 5/01/2027 †x | LendingPoint | 6/05/2023 | 4494 | 4494 | 4474 |
| &nbsp;&nbsp;&nbsp; LAI-00818114, 19.250%, 5/30/2026 †§x# | LendingPoint | 6/05/2023 | 637 | 637 | 638 |
| &nbsp;&nbsp;&nbsp; LAI-00818122, 18.000%, 6/02/2028 †x# | LendingPoint | 6/05/2023 | 11410 | 11410 | 11194 |
| &nbsp;&nbsp;&nbsp; LAI-00818129, 0.000%, 5/30/2028 †x# | LendingPoint | 6/05/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00818152, 28.760%, 7/30/2027 †x# | LendingPoint | 6/05/2023 | 6989 | 6989 | 1023 |
| &nbsp;&nbsp;&nbsp; LAI-00818165, 22.990%, 5/30/2026 †§x# | LendingPoint | 6/05/2023 | 450 | 450 | 453 |
| &nbsp;&nbsp;&nbsp; LAI-00818168, 25.000%, 5/30/2028 †x# | LendingPoint | 6/05/2023 | 2172 | 2172 | 2135 |
| &nbsp;&nbsp;&nbsp; LAI-00818174, 30.120%, 5/30/2027 †§x | LendingPoint | 6/05/2023 | 2695 | 2695 | 2670 |
| &nbsp;&nbsp;&nbsp; LAI-00818177, 0.000%, 5/30/2025 †x^ | LendingPoint | 6/05/2023 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00818180, 21.860%, 5/30/2028 †x# | LendingPoint | 6/05/2023 | 7249 | 7249 | 6968 |
| &nbsp;&nbsp;&nbsp; LAI-00818206, 18.000%, 5/25/2029 †x | LendingPoint | 6/05/2023 | 16205 | 16205 | 16088 |
| &nbsp;&nbsp;&nbsp; LAI-00818208, 30.800%, 11/11/2028 †x | LendingPoint | 6/05/2023 | 24026 | 24026 | 23268 |
| &nbsp;&nbsp;&nbsp; LAI-00818240, 28.760%, 4/30/2030 †x# | LendingPoint | 6/05/2023 | 5525 | 5525 | 5335 |
| &nbsp;&nbsp;&nbsp; LAI-00818244, 0.000%, 5/30/2028 †x# | LendingPoint | 6/05/2023 | 5803 | 5803 |  |
| &nbsp;&nbsp;&nbsp; LAI-00818280, 12.700%, 6/01/2026 †§x | LendingPoint | 6/05/2023 | 1410 | 1410 | 1411 |
| &nbsp;&nbsp;&nbsp; LAI-00818312, 18.000%, 6/01/2029 †x | LendingPoint | 6/05/2023 | 22507 | 22507 | 22214 |
| &nbsp;&nbsp;&nbsp; LAI-00818324, 18.000%, 3/30/2027 †x | LendingPoint | 6/05/2023 | 18388 | 18388 | 17751 |
| &nbsp;&nbsp;&nbsp; LAI-00818331, 22.530%, 6/01/2028 †x# | LendingPoint | 6/05/2023 | 9111 | 9111 | 8754 |
| &nbsp;&nbsp;&nbsp; LAI-00818337, 28.760%, 6/01/2027 †§x | LendingPoint | 6/05/2023 | 2810 | 2810 | 2818 |
| &nbsp;&nbsp;&nbsp; LAI-00818366, 30.120%, 6/01/2027 †§x | LendingPoint | 6/05/2023 | 1887 | 1887 | 1892 |
| &nbsp;&nbsp;&nbsp; LAI-00818394, 21.000%, 5/06/2028 †x | LendingPoint | 6/05/2023 | 4686 | 4686 | 4594 |
| &nbsp;&nbsp;&nbsp; LAI-00818823, 18.000%, 1/15/2030 †x | LendingPoint | 6/09/2023 | 9787 | 9787 | 9420 |
| &nbsp;&nbsp;&nbsp; LAI-00818943, 18.000%, 6/08/2029 †x# | LendingPoint | 6/09/2023 | 24282 | 24282 | 2292 |
| &nbsp;&nbsp;&nbsp; LAI-00819317, 24.740%, 6/02/2029 †x | LendingPoint | 6/09/2023 | 10109 | 10109 | 9972 |
| &nbsp;&nbsp;&nbsp; LAI-00820139, 28.320%, 7/10/2027 †x# | LendingPoint | 6/09/2023 | 7134 | 7134 | 7024 |
| &nbsp;&nbsp;&nbsp; LAI-00820359, 18.000%, 9/06/2029 †x | LendingPoint | 6/09/2023 | 22895 | 22895 | 22581 |
| &nbsp;&nbsp;&nbsp; LAI-00820482, 22.350%, 6/06/2026 †§x | LendingPoint | 6/09/2023 | 2745 | 2745 | 2752 |
| &nbsp;&nbsp;&nbsp; LAI-00820586, 20.240%, 6/06/2029 †x | LendingPoint | 6/09/2023 | 13040 | 13040 | 4696 |
| &nbsp;&nbsp;&nbsp; LAI-00820692, 18.780%, 3/27/2031 †x | LendingPoint | 6/09/2023 | 23288 | 23288 | 21836 |
| &nbsp;&nbsp;&nbsp; LAI-00820699, 20.690%, 6/07/2028 †x | LendingPoint | 6/09/2023 | 7518 | 7518 | 7388 |
| &nbsp;&nbsp;&nbsp; LAI-00822260, 30.000%, 4/14/2028 †x | LendingPoint | 6/15/2023 | 1304 | 1304 | 1281 |
| &nbsp;&nbsp;&nbsp; LAI-00822278, 18.000%, 6/10/2029 †x# | LendingPoint | 6/15/2023 | 33894 | 33894 | 33385 |
| &nbsp;&nbsp;&nbsp; LAI-00822369, 30.120%, 6/10/2027 †§x# | LendingPoint | 6/15/2023 | 2504 | 2504 | 2545 |
| &nbsp;&nbsp;&nbsp; LAI-00822372, 0.000%, 11/16/2025 †x^ | LendingPoint | 6/15/2023 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00822373, 27.000%, 6/26/2028 †x# | LendingPoint | 6/15/2023 | 7738 | 7738 | 7489 |
| &nbsp;&nbsp;&nbsp; LAI-00822389, 22.720%, 5/14/2027 †x | LendingPoint | 6/15/2023 | 4283 | 4283 | 4269 |
| &nbsp;&nbsp;&nbsp; LAI-00822406, 24.270%, 4/21/2028 †x | LendingPoint | 6/15/2023 | 3137 | 3137 | 3094 |
| &nbsp;&nbsp;&nbsp; LAI-00822448, 18.000%, 6/10/2028 †x | LendingPoint | 6/15/2023 | 7036 | 7036 | 6928 |
| &nbsp;&nbsp;&nbsp; LAI-00822465, 21.080%, 5/26/2028 †x | LendingPoint | 6/15/2023 | 1601 | 1601 | 1539 |
| &nbsp;&nbsp;&nbsp; LAI-00822471, 19.410%, 6/10/2026 †§x | LendingPoint | 6/15/2023 | 1512 | 1512 | 1520 |
| &nbsp;&nbsp;&nbsp; LAI-00822487, 22.060%, 6/02/2028 †x# | LendingPoint | 6/15/2023 | 6223 | 6223 | 5961 |
| &nbsp;&nbsp;&nbsp; LAI-00822503, 22.320%, 6/02/2028 †x# | LendingPoint | 6/15/2023 | 12919 | 12919 | 12649 |
| &nbsp;&nbsp;&nbsp; LAI-00822509, 28.760%, 6/10/2027 †x# | LendingPoint | 6/15/2023 | 3708 | 3708 | 3773 |
| &nbsp;&nbsp;&nbsp; LAI-00822516, 28.770%, 2/05/2031 †x# | LendingPoint | 6/15/2023 | 4615 | 4615 | 4143 |
| &nbsp;&nbsp;&nbsp; LAI-00822528, 18.000%, 6/10/2028 †x# | LendingPoint | 6/15/2023 | 6543 | 6543 | 6448 |
| &nbsp;&nbsp;&nbsp; LAI-00822531, 20.690%, 6/24/2028 †x | LendingPoint | 6/15/2023 | 6062 | 6062 | 5894 |
| &nbsp;&nbsp;&nbsp; LAI-00822549, 0.000%, 6/11/2026 †x# | LendingPoint | 6/15/2023 | 12 | 12 |  |
| &nbsp;&nbsp;&nbsp; LAI-00822559, 28.760%, 5/15/2027 †x | LendingPoint | 6/15/2023 | 2832 | 2832 | 2822 |
| &nbsp;&nbsp;&nbsp; LAI-00822627, 30.000%, 5/19/2028 †x# | LendingPoint | 6/15/2023 | 1919 | 1919 | 1874 |
| &nbsp;&nbsp;&nbsp; LAI-00822631, 27.000%, 6/30/2031 †x | LendingPoint | 6/15/2023 | 23856 | 23856 | 22263 |
| &nbsp;&nbsp;&nbsp; LAI-00822635, 18.000%, 6/11/2028 †x | LendingPoint | 6/15/2023 | 9785 | 9785 | 9416 |
| &nbsp;&nbsp;&nbsp; LAI-00822685, 21.330%, 6/04/2028 †x | LendingPoint | 6/15/2023 | 5903 | 5903 | 5704 |
| &nbsp;&nbsp;&nbsp; LAI-00822706, 22.530%, 6/02/2028 †x# | LendingPoint | 6/15/2023 | 14327 | 14327 | 13734 |
| &nbsp;&nbsp;&nbsp; LAI-00822707, 28.760%, 4/30/2026 †x | LendingPoint | 6/15/2023 | 3761 | 3761 | 3531 |
| &nbsp;&nbsp;&nbsp; LAI-00822733, 28.760%, 12/12/2027 †x | LendingPoint | 6/15/2023 | 5202 | 5202 | 5170 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6306** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00822742, 28.760%, 6/12/2027 †x | LendingPoint | 6/15/2023 | $3503 | $3503 | $3545 |
| &nbsp;&nbsp;&nbsp; LAI-00822745, 18.000%, 12/21/2029 †x | LendingPoint | 6/15/2023 | 16139 | 16139 | 15896 |
| &nbsp;&nbsp;&nbsp; LAI-00822746, 18.410%, 2/23/2029 †x | LendingPoint | 6/15/2023 | 13056 | 13056 | 12401 |
| &nbsp;&nbsp;&nbsp; LAI-00822759, 27.000%, 5/12/2028 †x | LendingPoint | 6/15/2023 | 6931 | 6931 | 6662 |
| &nbsp;&nbsp;&nbsp; LAI-00822768, 20.830%, 6/12/2028 †x | LendingPoint | 6/15/2023 | 5955 | 5955 | 5756 |
| &nbsp;&nbsp;&nbsp; LAI-00822769, 28.620%, 5/17/2028 †x | LendingPoint | 6/15/2023 | 6944 | 6944 | 6832 |
| &nbsp;&nbsp;&nbsp; LAI-00822773, 18.830%, 6/12/2028 †x | LendingPoint | 6/15/2023 | 1459 | 1459 | 1411 |
| &nbsp;&nbsp;&nbsp; LAI-00822775, 27.260%, 6/12/2028 †x | LendingPoint | 6/15/2023 | 5264 | 5264 | 5173 |
| &nbsp;&nbsp;&nbsp; LAI-00822779, 20.690%, 6/12/2028 †x# | LendingPoint | 6/15/2023 | 15218 | 15218 | 2226 |
| &nbsp;&nbsp;&nbsp; LAI-00822804, 0.000%, 6/13/2028 †x | LendingPoint | 6/15/2023 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; LAI-00822818, 22.530%, 12/13/2028 †x# | LendingPoint | 6/15/2023 | 14977 | 14977 | 14292 |
| &nbsp;&nbsp;&nbsp; LAI-00822825, 25.000%, 2/15/2028 †x | LendingPoint | 6/15/2023 | 10977 | 10977 | 10793 |
| &nbsp;&nbsp;&nbsp; LAI-00822840, 20.830%, 6/13/2028 †x# | LendingPoint | 6/15/2023 | 14222 | 14222 | 1343 |
| &nbsp;&nbsp;&nbsp; LAI-00822841, 22.580%, 6/13/2028 †x# | LendingPoint | 6/15/2023 | 1413 | 1413 | 1360 |
| &nbsp;&nbsp;&nbsp; LAI-00822850, 20.210%, 7/29/2027 †x# | LendingPoint | 6/15/2023 | 4153 | 4153 | 4123 |
| &nbsp;&nbsp;&nbsp; LAI-00822877, 28.320%, 6/13/2026 †§x | LendingPoint | 6/15/2023 | 105 | 105 | 105 |
| &nbsp;&nbsp;&nbsp; LAI-00822881, 0.000%, 6/13/2028 †x# | LendingPoint | 6/15/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00822883, 18.830%, 6/20/2028 †x | LendingPoint | 6/15/2023 | 3655 | 3655 | 3554 |
| &nbsp;&nbsp;&nbsp; LAI-00822906, 28.760%, 8/25/2027 †x | LendingPoint | 6/15/2023 | 4271 | 4271 | 4325 |
| &nbsp;&nbsp;&nbsp; LAI-00822917, 30.800%, 9/28/2026 †x# | LendingPoint | 6/15/2023 | 9752 | 9752 | 9048 |
| &nbsp;&nbsp;&nbsp; LAI-00822918, 23.590%, 1/24/2030 †x# | LendingPoint | 6/15/2023 | 18268 | 18268 | 17862 |
| &nbsp;&nbsp;&nbsp; LAI-00822931, 30.120%, 6/13/2027 †§x# | LendingPoint | 6/15/2023 | 1696 | 1696 | 1708 |
| &nbsp;&nbsp;&nbsp; LAI-00822953, 28.760%, 6/13/2027 †§x# | LendingPoint | 6/15/2023 | 2575 | 2575 | 2609 |
| &nbsp;&nbsp;&nbsp; LAI-00822966, 23.810%, 6/13/2028 †x# | LendingPoint | 6/16/2023 | 6622 | 6622 | 6398 |
| &nbsp;&nbsp;&nbsp; LAI-00822987, 18.000%, 6/13/2029 †x# | LendingPoint | 6/16/2023 | 17854 | 17854 | 5740 |
| &nbsp;&nbsp;&nbsp; LAI-00822993, 21.150%, 6/13/2027 †x# | LendingPoint | 6/16/2023 | 8146 | 8146 | 8120 |
| &nbsp;&nbsp;&nbsp; LAI-00823040, 26.120%, 6/13/2028 †x# | LendingPoint | 6/16/2023 | 360 | 8083 | 357 |
| &nbsp;&nbsp;&nbsp; LAI-00823070, 18.000%, 5/21/2029 †x | LendingPoint | 6/16/2023 | 15405 | 15405 | 15197 |
| &nbsp;&nbsp;&nbsp; LAI-00823077, 25.950%, 11/13/2030 †x# | LendingPoint | 6/16/2023 | 22013 | 22013 | 2078 |
| &nbsp;&nbsp;&nbsp; LAI-00823079, 31.300%, 2/13/2029 †x | LendingPoint | 6/16/2023 | 28799 | 28799 | 27000 |
| &nbsp;&nbsp;&nbsp; LAI-00823174, 30.120%, 6/12/2027 †x | LendingPoint | 6/16/2023 | 4072 | 4072 | 4119 |
| &nbsp;&nbsp;&nbsp; LAI-00823175, 21.080%, 6/13/2028 †x# | LendingPoint | 6/16/2023 | 3163 | 3163 | 3060 |
| &nbsp;&nbsp;&nbsp; LAI-00823197, 18.270%, 2/02/2030 †x# | LendingPoint | 6/16/2023 | 26923 | 26923 | 24942 |
| &nbsp;&nbsp;&nbsp; LAI-00823199, 20.690%, 7/02/2029 †x# | LendingPoint | 6/16/2023 | 9976 | 9976 | 1996 |
| &nbsp;&nbsp;&nbsp; LAI-00823210, 19.400%, 6/13/2028 †x# | LendingPoint | 6/16/2023 | 19013 | 19013 | 18702 |
| &nbsp;&nbsp;&nbsp; LAI-00823254, 27.000%, 3/25/2027 †x# | LendingPoint | 6/16/2023 | 7730 | 7730 | 1792 |
| &nbsp;&nbsp;&nbsp; LAI-00823272, 21.150%, 6/13/2027 †§x | LendingPoint | 6/16/2023 | 924 | 924 |  |
| &nbsp;&nbsp;&nbsp; LAI-00823292, 18.000%, 6/13/2028 †x# | LendingPoint | 6/16/2023 | 14513 | 14513 | 13970 |
| &nbsp;&nbsp;&nbsp; LAI-00823329, 0.000%, 6/20/2026 †x | LendingPoint | 6/16/2023 | 24 | 24 | 24 |
| &nbsp;&nbsp;&nbsp; LAI-00823337, 22.580%, 6/16/2028 †x# | LendingPoint | 6/16/2023 | 5962 | 5962 | 872 |
| &nbsp;&nbsp;&nbsp; LAI-00823350, 20.050%, 7/20/2028 †x# | LendingPoint | 6/16/2023 | 6414 | 6414 | 6322 |
| &nbsp;&nbsp;&nbsp; LAI-00823365, 21.000%, 3/14/2029 †x# | LendingPoint | 6/16/2023 | 33923 | 33923 | 4963 |
| &nbsp;&nbsp;&nbsp; LAI-00823370, 18.000%, 6/02/2028 †x | LendingPoint | 6/16/2023 | 9729 | 9729 | 9561 |
| &nbsp;&nbsp;&nbsp; LAI-00823375, 0.000%, 6/14/2025 †x^ | LendingPoint | 6/16/2023 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; LAI-00823453, 28.760%, 6/11/2027 †x# | LendingPoint | 6/16/2023 | 4731 | 4731 | 1293 |
| &nbsp;&nbsp;&nbsp; LAI-00823454, 26.590%, 6/14/2028 †x | LendingPoint | 6/16/2023 | 1633 | 1633 | 1568 |
| &nbsp;&nbsp;&nbsp; LAI-00823477, 0.000%, 2/26/2027 †x | LendingPoint | 6/16/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00823609, 19.580%, 6/28/2029 †x# | LendingPoint | 6/21/2023 | 27854 | 27854 | 27396 |
| &nbsp;&nbsp;&nbsp; LAI-00824119, 20.090%, 6/23/2028 †x | LendingPoint | 6/21/2023 | 17083 | 17083 | 16283 |
| &nbsp;&nbsp;&nbsp; LAI-00824278, 18.000%, 1/01/2029 †x# | LendingPoint | 6/21/2023 | 34234 | 34234 | 32160 |
| &nbsp;&nbsp;&nbsp; LAI-00824541, 18.000%, 12/21/2028 †x | LendingPoint | 6/21/2023 | 33529 | 33529 | 31815 |
| &nbsp;&nbsp;&nbsp; LAI-00824548, 30.000%, 6/16/2028 †x | LendingPoint | 6/21/2023 | 5606 | 5606 | 5510 |
| &nbsp;&nbsp;&nbsp; LAI-00824555, 18.000%, 3/01/2030 †x# | LendingPoint | 6/21/2023 | 24266 | 24266 | 2291 |
| &nbsp;&nbsp;&nbsp; LAI-00824571, 18.000%, 6/16/2028 †x# | LendingPoint | 6/21/2023 | 16824 | 16824 | 16543 |
| &nbsp;&nbsp;&nbsp; LAI-00824573, 26.680%, 6/16/2028 †x | LendingPoint | 6/21/2023 | 3400 | 3400 | 3286 |
| &nbsp;&nbsp;&nbsp; LAI-00824575, 18.000%, 6/16/2028 †x | LendingPoint | 6/21/2023 | 24331 | 24331 | 23976 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6307** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00824589, 30.120%, 6/16/2027 †x | LendingPoint | 6/21/2023 | $3872 | $3872 | $3941 |
| &nbsp;&nbsp;&nbsp; LAI-00824604, 18.000%, 2/16/2029 †x | LendingPoint | 6/21/2023 | 30077 | 30077 | 29235 |
| &nbsp;&nbsp;&nbsp; LAI-00824619, 27.890%, 5/22/2028 †x | LendingPoint | 6/21/2023 | 2791 | 2791 | 2752 |
| &nbsp;&nbsp;&nbsp; LAI-00824639, 30.000%, 6/16/2027 †x | LendingPoint | 6/21/2023 | 8674 | 8674 | 8643 |
| &nbsp;&nbsp;&nbsp; LAI-00824648, 28.760%, 6/16/2027 †§x | LendingPoint | 6/21/2023 | 2914 | 2914 | 2957 |
| &nbsp;&nbsp;&nbsp; LAI-00824653, 0.000%, 6/16/2025 †x^ | LendingPoint | 6/21/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00824689, 29.500%, 9/26/2030 †x# | LendingPoint | 6/21/2023 | 32061 | 32061 | 30704 |
| &nbsp;&nbsp;&nbsp; LAI-00824693, 30.120%, 11/16/2027 †x | LendingPoint | 6/21/2023 | 5341 | 5341 | 5337 |
| &nbsp;&nbsp;&nbsp; LAI-00824696, 25.090%, 5/30/2029 †x# | LendingPoint | 6/21/2023 | 14545 | 14545 | 14130 |
| &nbsp;&nbsp;&nbsp; LAI-00824714, 22.900%, 6/16/2028 †x | LendingPoint | 6/21/2023 | 13106 | 13106 | 12660 |
| &nbsp;&nbsp;&nbsp; LAI-00824719, 14.990%, 6/16/2028 †x | LendingPoint | 6/21/2023 | 2173 | 2173 | 2147 |
| &nbsp;&nbsp;&nbsp; LAI-00824737, 26.630%, 7/15/2027 †x | LendingPoint | 6/21/2023 | 7428 | 7428 | 7537 |
| &nbsp;&nbsp;&nbsp; LAI-00824743, 18.000%, 6/16/2028 †x | LendingPoint | 6/21/2023 | 16869 | 16869 | 16623 |
| &nbsp;&nbsp;&nbsp; LAI-00824775, 20.560%, 6/30/2028 †x# | LendingPoint | 6/21/2023 | 17355 | 17355 | 16990 |
| &nbsp;&nbsp;&nbsp; LAI-00824828, 0.000%, 6/16/2027 †x# | LendingPoint | 6/21/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00824872, 20.450%, 10/17/2028 †x# | LendingPoint | 6/21/2023 | 15683 | 15683 | 2754 |
| &nbsp;&nbsp;&nbsp; LAI-00824883, 27.000%, 9/17/2028 †x | LendingPoint | 6/21/2023 | 20495 | 20495 | 19678 |
| &nbsp;&nbsp;&nbsp; LAI-00824933, 30.800%, 6/17/2028 †x | LendingPoint | 6/21/2023 | 21598 | 21598 | 21235 |
| &nbsp;&nbsp;&nbsp; LAI-00824952, 0.000%, 6/17/2028 †x | LendingPoint | 6/21/2023 | 45 | 45 |  |
| &nbsp;&nbsp;&nbsp; LAI-00824968, 19.400%, 8/30/2026 †x | LendingPoint | 6/21/2023 | 17601 | 17601 | 17028 |
| &nbsp;&nbsp;&nbsp; LAI-00824972, 30.800%, 7/04/2027 †x# | LendingPoint | 6/21/2023 | 43392 | 43392 | 41809 |
| &nbsp;&nbsp;&nbsp; LAI-00824978, 28.760%, 6/17/2027 †x# | LendingPoint | 6/21/2023 | 4643 | 4643 | 679 |
| &nbsp;&nbsp;&nbsp; LAI-00824998, 28.800%, 4/30/2029 †x# | LendingPoint | 6/22/2023 | 9940 | 9940 | 1634 |
| &nbsp;&nbsp;&nbsp; LAI-00825038, 0.000%, 1/28/2028 †x | LendingPoint | 6/22/2023 | 13 | 13 | 13 |
| &nbsp;&nbsp;&nbsp; LAI-00825065, 18.650%, 6/17/2029 †x | LendingPoint | 6/22/2023 | 11464 | 11464 | 11394 |
| &nbsp;&nbsp;&nbsp; LAI-00825081, 28.870%, 11/17/2028 †x | LendingPoint | 6/22/2023 | 5803 | 5803 | 5612 |
| &nbsp;&nbsp;&nbsp; LAI-00825104, 30.120%, 12/01/2028 †x# | LendingPoint | 6/22/2023 | 4417 | 4417 | 4097 |
| &nbsp;&nbsp;&nbsp; LAI-00825107, 28.760%, 6/17/2027 †x | LendingPoint | 6/22/2023 | 3708 | 3708 | 3791 |
| &nbsp;&nbsp;&nbsp; LAI-00825279, 18.000%, 6/18/2028 †x# | LendingPoint | 6/22/2023 | 19338 | 19338 | 18652 |
| &nbsp;&nbsp;&nbsp; LAI-00825355, 30.090%, 10/18/2028 †x# | LendingPoint | 6/22/2023 | 29645 | 29645 | 2798 |
| &nbsp;&nbsp;&nbsp; LAI-00825363, 20.080%, 6/18/2028 †x# | LendingPoint | 6/22/2023 | 19051 | 19051 | 18764 |
| &nbsp;&nbsp;&nbsp; LAI-00825382, 26.240%, 9/18/2028 †x# | LendingPoint | 6/22/2023 | 26134 | 26134 | 24822 |
| &nbsp;&nbsp;&nbsp; LAI-00825471, 18.310%, 6/30/2026 †x | LendingPoint | 6/22/2023 | 15090 | 15090 | 14593 |
| &nbsp;&nbsp;&nbsp; LAI-00825496, 26.120%, 6/09/2028 †x | LendingPoint | 6/22/2023 | 8330 | 8330 | 8135 |
| &nbsp;&nbsp;&nbsp; LAI-00825500, 0.000%, 6/19/2027 †x# | LendingPoint | 6/22/2023 | 78 | 78 |  |
| &nbsp;&nbsp;&nbsp; LAI-00825501, 28.760%, 6/12/2027 †x | LendingPoint | 6/22/2023 | 2959 | 2959 | 3011 |
| &nbsp;&nbsp;&nbsp; LAI-00825514, 27.490%, 6/21/2026 †x | LendingPoint | 6/22/2023 | 82 | 82 |  |
| &nbsp;&nbsp;&nbsp; LAI-00825525, 18.000%, 6/20/2028 †x | LendingPoint | 6/22/2023 | 25742 | 25742 | 25453 |
| &nbsp;&nbsp;&nbsp; LAI-00825573, 28.760%, 6/20/2027 †x# | LendingPoint | 6/22/2023 | 3751 | 3751 | 3819 |
| &nbsp;&nbsp;&nbsp; LAI-00825617, 18.000%, 1/20/2029 †x# | LendingPoint | 6/22/2023 | 37311 | 37311 | 7509 |
| &nbsp;&nbsp;&nbsp; LAI-00825621, 28.760%, 6/20/2027 †x | LendingPoint | 6/22/2023 | 2108 | 2108 | 2146 |
| &nbsp;&nbsp;&nbsp; LAI-00825637, 30.120%, 9/01/2028 †x# | LendingPoint | 6/22/2023 | 11747 | 11747 | 1109 |
| &nbsp;&nbsp;&nbsp; LAI-00829397, 18.270%, 8/12/2028 †x# | LendingPoint | 7/06/2023 | 20259 | 20259 | 19966 |
| &nbsp;&nbsp;&nbsp; LAI-00829501, 19.370%, 3/30/2029 †x | LendingPoint | 7/06/2023 | 20385 | 20385 | 19737 |
| &nbsp;&nbsp;&nbsp; LAI-00829654, 18.000%, 6/29/2028 †x# | LendingPoint | 7/06/2023 | 18174 | 18174 | 17784 |
| &nbsp;&nbsp;&nbsp; LAI-00829656, 18.000%, 7/25/2027 †x | LendingPoint | 7/06/2023 | 22966 | 22966 | 22268 |
| &nbsp;&nbsp;&nbsp; LAI-00829659, 19.040%, 6/29/2028 †x# | LendingPoint | 7/06/2023 | 27011 | 27011 | 25742 |
| &nbsp;&nbsp;&nbsp; LAI-00829782, 0.000%, 6/11/2027 †x# | LendingPoint | 7/06/2023 | 27 | 27 |  |
| &nbsp;&nbsp;&nbsp; LAI-00829872, 29.980%, 6/30/2028 †x# | LendingPoint | 7/06/2023 | 29935 | 29935 | 4379 |
| &nbsp;&nbsp;&nbsp; LAI-00829964, 28.760%, 6/30/2027 †x# | LendingPoint | 7/06/2023 | 4628 | 4628 | 677 |
| &nbsp;&nbsp;&nbsp; LAI-00829999, 20.810%, 6/30/2028 †x | LendingPoint | 7/06/2023 | 16618 | 16618 | 16261 |
| &nbsp;&nbsp;&nbsp; LAI-00830072, 18.280%, 12/04/2028 †x | LendingPoint | 7/06/2023 | 26547 | 26547 | 24599 |
| &nbsp;&nbsp;&nbsp; LAI-00830157, 30.120%, 10/23/2028 †x# | LendingPoint | 7/06/2023 | 4393 | 4393 | 5382 |
| &nbsp;&nbsp;&nbsp; LAI-00830219, 29.510%, 6/30/2028 †x# | LendingPoint | 7/06/2023 | 4834 | 4834 | 4722 |
| &nbsp;&nbsp;&nbsp; LAI-00830281, 28.760%, 6/30/2027 †x# | LendingPoint | 7/06/2023 | 3265 | 3265 | 3264 |
| &nbsp;&nbsp;&nbsp; LAI-00830302, 20.690%, 6/01/2028 †x | LendingPoint | 7/06/2023 | 15625 | 15625 | 15311 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6308** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00830334, 18.000%, 6/30/2028 †x# | LendingPoint | 7/06/2023 | $13734 | $13734 | $13098 |
| &nbsp;&nbsp;&nbsp; LAI-00831112, 30.120%, 7/03/2027 †§x | LendingPoint | 7/10/2023 | 1068 | 1068 | 1050 |
| &nbsp;&nbsp;&nbsp; LAI-00831122, 30.120%, 7/03/2027 †x | LendingPoint | 7/10/2023 | 3202 | 3202 | 3173 |
| &nbsp;&nbsp;&nbsp; LAI-00831125, 30.120%, 7/03/2027 †x | LendingPoint | 7/10/2023 | 3202 | 3202 | 3231 |
| &nbsp;&nbsp;&nbsp; LAI-00831126, 26.680%, 6/11/2028 †x | LendingPoint | 7/10/2023 | 3766 | 3766 | 3603 |
| &nbsp;&nbsp;&nbsp; LAI-00831135, 28.760%, 6/17/2027 †x | LendingPoint | 7/10/2023 | 3993 | 3993 | 4051 |
| &nbsp;&nbsp;&nbsp; LAI-00831166, 23.270%, 6/09/2028 †x# | LendingPoint | 7/10/2023 | 29274 | 29274 | 4283 |
| &nbsp;&nbsp;&nbsp; LAI-00831231, 20.110%, 11/03/2028 †x# | LendingPoint | 7/10/2023 | 11958 | 11958 | 11346 |
| &nbsp;&nbsp;&nbsp; LAI-00831232, 18.000%, 7/17/2027 †x | LendingPoint | 7/10/2023 | 14403 | 14403 | 14360 |
| &nbsp;&nbsp;&nbsp; LAI-00831262, 18.780%, 7/03/2027 †§x | LendingPoint | 7/10/2023 | 1431 | 1431 | 1408 |
| &nbsp;&nbsp;&nbsp; LAI-00831266, 30.800%, 11/23/2028 †x | LendingPoint | 7/10/2023 | 13952 | 13952 | 13292 |
| &nbsp;&nbsp;&nbsp; LAI-00831289, 18.000%, 11/03/2028 †x | LendingPoint | 7/10/2023 | 13159 | 13159 | 12812 |
| &nbsp;&nbsp;&nbsp; LAI-00831309, 28.760%, 6/11/2027 †x | LendingPoint | 7/10/2023 | 985 | 985 | 987 |
| &nbsp;&nbsp;&nbsp; LAI-00831322, 21.000%, 7/03/2028 †x | LendingPoint | 7/10/2023 | 7628 | 7628 | 7450 |
| &nbsp;&nbsp;&nbsp; LAI-00831323, 30.120%, 4/17/2027 †x | LendingPoint | 7/10/2023 | 2541 | 2541 | 2513 |
| &nbsp;&nbsp;&nbsp; LAI-00831325, 29.510%, 5/26/2028 †x | LendingPoint | 7/10/2023 | 1334 | 1334 | 1305 |
| &nbsp;&nbsp;&nbsp; LAI-00831345, 22.530%, 7/03/2028 †x | LendingPoint | 7/10/2023 | 9301 | 9301 | 8935 |
| &nbsp;&nbsp;&nbsp; LAI-00831349, 28.760%, 9/03/2028 †x# | LendingPoint | 7/10/2023 | 14939 | 14939 | 1410 |
| &nbsp;&nbsp;&nbsp; LAI-00831355, 25.760%, 7/03/2028 †x | LendingPoint | 7/10/2023 | 10343 | 10343 | 9926 |
| &nbsp;&nbsp;&nbsp; LAI-00831377, 0.000%, 7/12/2027 †x# | LendingPoint | 7/10/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00831395, 24.060%, 6/09/2028 †x | LendingPoint | 7/10/2023 | 8876 | 8876 | 8513 |
| &nbsp;&nbsp;&nbsp; LAI-00831397, 19.990%, 6/25/2027 †x | LendingPoint | 7/10/2023 | 2406 | 2406 | 2370 |
| &nbsp;&nbsp;&nbsp; LAI-00831420, 28.050%, 7/03/2027 †x | LendingPoint | 7/10/2023 | 8898 | 8898 | 8833 |
| &nbsp;&nbsp;&nbsp; LAI-00831422, 18.000%, 7/15/2028 †x# | LendingPoint | 7/10/2023 | 9197 | 9197 | 868 |
| &nbsp;&nbsp;&nbsp; LAI-00831423, 24.620%, 7/03/2028 †x | LendingPoint | 7/10/2023 | 3168 | 3168 | 3020 |
| &nbsp;&nbsp;&nbsp; LAI-00831425, 19.990%, 8/05/2029 †x# | LendingPoint | 7/10/2023 | 16033 | 16033 | 1513 |
| &nbsp;&nbsp;&nbsp; LAI-00831436, 28.760%, 6/10/2027 †x# | LendingPoint | 7/10/2023 | 2993 | 2993 | 549 |
| &nbsp;&nbsp;&nbsp; LAI-00831437, 20.210%, 6/25/2027 †x | LendingPoint | 7/10/2023 | 5629 | 5629 | 5545 |
| &nbsp;&nbsp;&nbsp; LAI-00831451, 30.580%, 7/03/2028 †x | LendingPoint | 7/10/2023 | 11892 | 11892 | 4989 |
| &nbsp;&nbsp;&nbsp; LAI-00831455, 24.560%, 8/04/2028 †x# | LendingPoint | 7/10/2023 | 5031 | 5031 | 1412 |
| &nbsp;&nbsp;&nbsp; LAI-00831478, 22.810%, 6/30/2028 †x# | LendingPoint | 7/10/2023 | 18772 | 18772 | 17855 |
| &nbsp;&nbsp;&nbsp; LAI-00831479, 28.930%, 7/04/2028 †x | LendingPoint | 7/10/2023 | 12073 | 12073 | 11498 |
| &nbsp;&nbsp;&nbsp; LAI-00831488, 28.760%, 6/11/2027 †x | LendingPoint | 7/10/2023 | 2503 | 2503 | 2530 |
| &nbsp;&nbsp;&nbsp; LAI-00831491, 18.000%, 7/04/2028 †x | LendingPoint | 7/10/2023 | 13933 | 13933 | 13666 |
| &nbsp;&nbsp;&nbsp; LAI-00831513, 19.930%, 7/14/2028 †x# | LendingPoint | 7/10/2023 | 9256 | 9256 | 8757 |
| &nbsp;&nbsp;&nbsp; LAI-00831532, 21.700%, 7/04/2028 †x | LendingPoint | 7/10/2023 | 5325 | 5325 | 5219 |
| &nbsp;&nbsp;&nbsp; LAI-00831549, 27.490%, 7/04/2026 †§x | LendingPoint | 7/10/2023 | 1544 | 1544 | 1557 |
| &nbsp;&nbsp;&nbsp; LAI-00831550, 26.560%, 6/18/2029 †x# | LendingPoint | 7/10/2023 | 10666 | 10666 | 10369 |
| &nbsp;&nbsp;&nbsp; LAI-00831554, 30.000%, 7/04/2028 †x | LendingPoint | 7/10/2023 | 3224 | 3224 | 3149 |
| &nbsp;&nbsp;&nbsp; LAI-00831555, 21.330%, 7/04/2028 †x | LendingPoint | 7/10/2023 | 12904 | 12904 | 12406 |
| &nbsp;&nbsp;&nbsp; LAI-00831561, 27.490%, 7/18/2026 †x# | LendingPoint | 7/10/2023 | 1505 | 1505 | 1542 |
| &nbsp;&nbsp;&nbsp; LAI-00831564, 28.760%, 7/05/2027 †x | LendingPoint | 7/10/2023 | 3436 | 3436 | 3452 |
| &nbsp;&nbsp;&nbsp; LAI-00831573, 18.000%, 6/10/2031 †x | LendingPoint | 7/10/2023 | 27156 | 27156 | 26411 |
| &nbsp;&nbsp;&nbsp; LAI-00831600, 22.530%, 7/17/2028 †x | LendingPoint | 7/10/2023 | 14610 | 14610 | 14118 |
| &nbsp;&nbsp;&nbsp; LAI-00831610, 0.000%, 7/05/2025 †x#^ | LendingPoint | 7/10/2023 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00831611, 23.160%, 8/25/2027 †x | LendingPoint | 7/10/2023 | 14410 | 14410 | 13818 |
| &nbsp;&nbsp;&nbsp; LAI-00831616, 28.620%, 7/05/2028 †x# | LendingPoint | 7/10/2023 | 9248 | 9248 | 1353 |
| &nbsp;&nbsp;&nbsp; LAI-00831623, 18.000%, 7/19/2028 †x# | LendingPoint | 7/10/2023 | 13554 | 13554 | 13358 |
| &nbsp;&nbsp;&nbsp; LAI-00831628, 24.340%, 3/05/2030 †x# | LendingPoint | 7/10/2023 | 12133 | 12133 | 11316 |
| &nbsp;&nbsp;&nbsp; LAI-00831630, 29.130%, 7/05/2028 †x | LendingPoint | 7/10/2023 | 8569 | 8569 | 8164 |
| &nbsp;&nbsp;&nbsp; LAI-00831632, 20.000%, 5/22/2027 †x | LendingPoint | 7/10/2023 | 3299 | 3299 | 3379 |
| &nbsp;&nbsp;&nbsp; LAI-00831633, 0.000%, 7/05/2028 †x | LendingPoint | 7/10/2023 | 139 | 139 | 139 |
| &nbsp;&nbsp;&nbsp; LAI-00831636, 28.130%, 7/02/2027 †x# | LendingPoint | 7/10/2023 | 3718 | 3718 | 3672 |
| &nbsp;&nbsp;&nbsp; LAI-00831642, 18.990%, 8/23/2028 †x | LendingPoint | 7/10/2023 | 17130 | 17130 | 16475 |
| &nbsp;&nbsp;&nbsp; LAI-00831673, 20.930%, 5/12/2030 †x# | LendingPoint | 7/10/2023 | 48636 | 48636 | 4591 |
| &nbsp;&nbsp;&nbsp; LAI-00831686, 18.000%, 3/05/2029 †x# | LendingPoint | 7/10/2023 | 8145 | 8145 | 2972 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6309** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00831691, 18.610%, 1/10/2029 †x | LendingPoint | 7/10/2023 | $29692 | $29692 | $29031 |
| &nbsp;&nbsp;&nbsp; LAI-00831696, 20.370%, 7/19/2028 †x | LendingPoint | 7/10/2023 | 14924 | 14924 | 14693 |
| &nbsp;&nbsp;&nbsp; LAI-00831707, 30.120%, 6/16/2027 †x# | LendingPoint | 7/10/2023 | 3487 | 3487 | 3502 |
| &nbsp;&nbsp;&nbsp; LAI-00831710, 29.510%, 1/19/2029 †x# | LendingPoint | 7/10/2023 | 4686 | 4686 | 4554 |
| &nbsp;&nbsp;&nbsp; LAI-00831715, 30.000%, 7/05/2028 †x | LendingPoint | 7/10/2023 | 3326 | 3326 | 3249 |
| &nbsp;&nbsp;&nbsp; LAI-00831722, 28.760%, 6/11/2027 †x# | LendingPoint | 7/11/2023 | 3162 | 3162 | 1777 |
| &nbsp;&nbsp;&nbsp; LAI-00831726, 26.070%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 13792 | 13792 | 13156 |
| &nbsp;&nbsp;&nbsp; LAI-00831738, 24.490%, 1/05/2031 †x# | LendingPoint | 7/11/2023 | 18759 | 18759 | 1771 |
| &nbsp;&nbsp;&nbsp; LAI-00831740, 18.000%, 7/05/2028 †x# | LendingPoint | 7/11/2023 | 3220 | 3220 | 3080 |
| &nbsp;&nbsp;&nbsp; LAI-00831774, 0.000%, 7/05/2025 †x^ | LendingPoint | 7/11/2023 | 97 | 97 |  |
| &nbsp;&nbsp;&nbsp; LAI-00831780, 30.120%, 7/05/2027 †§x | LendingPoint | 7/11/2023 | 1177 | 1177 | 1179 |
| &nbsp;&nbsp;&nbsp; LAI-00831785, 16.770%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 7468 | 7468 | 7325 |
| &nbsp;&nbsp;&nbsp; LAI-00831788, 28.760%, 7/05/2027 †x# | LendingPoint | 7/11/2023 | 4336 | 4336 | 409 |
| &nbsp;&nbsp;&nbsp; LAI-00831790, 23.010%, 7/05/2026 †§x | LendingPoint | 7/11/2023 | 793 | 793 | 799 |
| &nbsp;&nbsp;&nbsp; LAI-00831792, 28.760%, 7/05/2027 †x | LendingPoint | 7/11/2023 | 6858 | 6858 | 6756 |
| &nbsp;&nbsp;&nbsp; LAI-00831804, 18.990%, 11/18/2028 †x# | LendingPoint | 7/11/2023 | 17135 | 17135 | 16241 |
| &nbsp;&nbsp;&nbsp; LAI-00831854, 27.490%, 7/05/2026 †§x | LendingPoint | 7/11/2023 | 386 | 386 | 390 |
| &nbsp;&nbsp;&nbsp; LAI-00831862, 20.690%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 3555 | 3555 | 3437 |
| &nbsp;&nbsp;&nbsp; LAI-00831880, 27.000%, 7/02/2028 †x | LendingPoint | 7/11/2023 | 7155 | 7155 | 6881 |
| &nbsp;&nbsp;&nbsp; LAI-00831890, 18.000%, 8/08/2028 †x | LendingPoint | 7/11/2023 | 14914 | 14914 | 14292 |
| &nbsp;&nbsp;&nbsp; LAI-00831906, 23.470%, 6/30/2028 †x# | LendingPoint | 7/11/2023 | 29509 | 29509 | 28705 |
| &nbsp;&nbsp;&nbsp; LAI-00831923, 26.120%, 2/28/2026 †x^ | LendingPoint | 7/11/2023 | 9991 | 9991 | 9520 |
| &nbsp;&nbsp;&nbsp; LAI-00831927, 18.000%, 7/05/2027 †x# | LendingPoint | 7/11/2023 | 1705 | 1705 | 161 |
| &nbsp;&nbsp;&nbsp; LAI-00831956, 22.490%, 7/05/2027 †x# | LendingPoint | 7/11/2023 | 1180 | 1180 | 209 |
| &nbsp;&nbsp;&nbsp; LAI-00831975, 24.780%, 4/30/2027 †x# | LendingPoint | 7/11/2023 | 11519 | 11519 | 10796 |
| &nbsp;&nbsp;&nbsp; LAI-00832001, 24.270%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 17561 | 17561 | 17193 |
| &nbsp;&nbsp;&nbsp; LAI-00832021, 24.780%, 6/15/2028 †x | LendingPoint | 7/11/2023 | 6984 | 6984 | 6740 |
| &nbsp;&nbsp;&nbsp; LAI-00832024, 28.760%, 6/15/2027 †x | LendingPoint | 7/11/2023 | 4048 | 4048 | 4021 |
| &nbsp;&nbsp;&nbsp; LAI-00832025, 30.000%, 6/18/2028 †x# | LendingPoint | 7/11/2023 | 11600 | 11600 | 11367 |
| &nbsp;&nbsp;&nbsp; LAI-00832041, 30.800%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 365 | 365 |  |
| &nbsp;&nbsp;&nbsp; LAI-00832044, 19.350%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 5879 | 5879 | 5762 |
| &nbsp;&nbsp;&nbsp; LAI-00832057, 18.000%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 3219 | 3219 | 3080 |
| &nbsp;&nbsp;&nbsp; LAI-00832062, 26.230%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 3178 | 3178 | 3114 |
| &nbsp;&nbsp;&nbsp; LAI-00832071, 18.000%, 7/05/2028 †x# | LendingPoint | 7/11/2023 | 20943 | 20943 | 20423 |
| &nbsp;&nbsp;&nbsp; LAI-00832083, 21.830%, 7/05/2028 †x | LendingPoint | 7/11/2023 | 16995 | 16995 | 16344 |
| &nbsp;&nbsp;&nbsp; LAI-00832095, 28.760%, 7/05/2027 †x | LendingPoint | 7/11/2023 | 5395 | 5395 | 5315 |
| &nbsp;&nbsp;&nbsp; LAI-00832101, 30.080%, 12/05/2028 †x | LendingPoint | 7/11/2023 | 3665 | 3665 | 3452 |
| &nbsp;&nbsp;&nbsp; LAI-00832107, 18.000%, 7/05/2028 †x# | LendingPoint | 7/11/2023 | 5245 | 5245 | 5134 |
| &nbsp;&nbsp;&nbsp; LAI-00832120, 18.780%, 9/06/2027 †x# | LendingPoint | 7/11/2023 | 11029 | 11029 | 3347 |
| &nbsp;&nbsp;&nbsp; LAI-00832134, 0.000%, 7/06/2028 †x | LendingPoint | 7/11/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00832153, 20.480%, 6/30/2028 †x# | LendingPoint | 7/11/2023 | 13378 | 13378 | 13042 |
| &nbsp;&nbsp;&nbsp; LAI-00832167, 18.000%, 7/06/2028 †x | LendingPoint | 7/11/2023 | 18763 | 18763 | 17970 |
| &nbsp;&nbsp;&nbsp; LAI-00832174, 24.600%, 7/06/2026 †§x | LendingPoint | 7/11/2023 | 2823 | 2823 | 2832 |
| &nbsp;&nbsp;&nbsp; LAI-00832190, 28.760%, 7/06/2027 †x | LendingPoint | 7/11/2023 | 4438 | 4438 | 4450 |
| &nbsp;&nbsp;&nbsp; LAI-00832192, 29.510%, 7/06/2028 †x | LendingPoint | 7/11/2023 | 1988 | 1988 | 1953 |
| &nbsp;&nbsp;&nbsp; LAI-00832194, 0.000%, 7/06/2027 †x | LendingPoint | 7/11/2023 | 5 | 5 | 5 |
| &nbsp;&nbsp;&nbsp; LAI-00832197, 27.490%, 3/12/2027 †x# | LendingPoint | 7/11/2023 | 3774 | 3774 | 356 |
| &nbsp;&nbsp;&nbsp; LAI-00832199, 18.280%, 11/01/2028 †x | LendingPoint | 7/11/2023 | 18440 | 18440 | 17986 |
| &nbsp;&nbsp;&nbsp; LAI-00832202, 27.000%, 7/06/2028 †x | LendingPoint | 7/11/2023 | 661 | 661 | 637 |
| &nbsp;&nbsp;&nbsp; LAI-00832216, 18.310%, 9/15/2028 †x# | LendingPoint | 7/11/2023 | 22643 | 22643 | 21574 |
| &nbsp;&nbsp;&nbsp; LAI-00832226, 19.950%, 7/18/2028 †x# | LendingPoint | 7/11/2023 | 28516 | 28516 | 4172 |
| &nbsp;&nbsp;&nbsp; LAI-00832235, 27.490%, 7/06/2026 †§x | LendingPoint | 7/11/2023 | 1361 | 1361 | 1375 |
| &nbsp;&nbsp;&nbsp; LAI-00832236, 18.000%, 3/06/2029 †x | LendingPoint | 7/11/2023 | 22070 | 22070 | 20728 |
| &nbsp;&nbsp;&nbsp; LAI-00832238, 18.590%, 7/15/2028 †x | LendingPoint | 7/11/2023 | 30109 | 30109 | 29630 |
| &nbsp;&nbsp;&nbsp; LAI-00832243, 18.000%, 7/06/2027 †x | LendingPoint | 7/11/2023 | 3796 | 3796 | 3774 |
| &nbsp;&nbsp;&nbsp; LAI-00832246, 28.760%, 7/15/2027 †x | LendingPoint | 7/12/2023 | 4109 | 4109 | 4146 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6310** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00832249, 30.220%, 5/11/2028 †x | LendingPoint | 7/12/2023 | $13455 | $13455 | $13193 |
| &nbsp;&nbsp;&nbsp; LAI-00832251, 18.000%, 7/14/2028 †x# | LendingPoint | 7/12/2023 | 23354 | 23354 | 6695 |
| &nbsp;&nbsp;&nbsp; LAI-00832266, 27.000%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 6985 | 6985 | 6709 |
| &nbsp;&nbsp;&nbsp; LAI-00832267, 0.000%, 7/06/2027 †x | LendingPoint | 7/12/2023 | 201 | 201 | 201 |
| &nbsp;&nbsp;&nbsp; LAI-00832279, 24.340%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 6878 | 6878 | 6567 |
| &nbsp;&nbsp;&nbsp; LAI-00832288, 28.760%, 7/02/2027 †x# | LendingPoint | 7/12/2023 | 4117 | 4117 | 4013 |
| &nbsp;&nbsp;&nbsp; LAI-00832293, 26.490%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 9716 | 9716 | 9270 |
| &nbsp;&nbsp;&nbsp; LAI-00832310, 30.080%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 1659 | 1659 | 1630 |
| &nbsp;&nbsp;&nbsp; LAI-00832330, 18.000%, 7/20/2028 †x | LendingPoint | 7/12/2023 | 18875 | 18875 | 18610 |
| &nbsp;&nbsp;&nbsp; LAI-00832339, 28.760%, 7/06/2027 †x# | LendingPoint | 7/12/2023 | 4430 | 4430 | 1064 |
| &nbsp;&nbsp;&nbsp; LAI-00832352, 0.000%, 7/06/2027 †x | LendingPoint | 7/12/2023 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00832389, 19.620%, 2/18/2029 †x# | LendingPoint | 7/12/2023 | 14373 | 14373 | 14009 |
| &nbsp;&nbsp;&nbsp; LAI-00832405, 25.870%, 7/20/2028 †x# | LendingPoint | 7/12/2023 | 12317 | 12317 | 2100 |
| &nbsp;&nbsp;&nbsp; LAI-00832406, 18.000%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 6361 | 6361 | 6243 |
| &nbsp;&nbsp;&nbsp; LAI-00832413, 30.120%, 6/10/2028 †x | LendingPoint | 7/12/2023 | 23899 | 23899 | 22213 |
| &nbsp;&nbsp;&nbsp; LAI-00832450, 21.410%, 6/09/2028 †x | LendingPoint | 7/12/2023 | 13820 | 13820 | 13492 |
| &nbsp;&nbsp;&nbsp; LAI-00832456, 18.000%, 11/06/2028 †x | LendingPoint | 7/12/2023 | 4809 | 4809 | 4691 |
| &nbsp;&nbsp;&nbsp; LAI-00832475, 24.380%, 8/25/2028 †x | LendingPoint | 7/12/2023 | 14980 | 14980 | 14769 |
| &nbsp;&nbsp;&nbsp; LAI-00832508, 30.120%, 7/06/2027 †§x | LendingPoint | 7/12/2023 | 2629 | 2629 | 2594 |
| &nbsp;&nbsp;&nbsp; LAI-00832510, 18.000%, 7/06/2028 †x# | LendingPoint | 7/12/2023 | 246 | 246 |  |
| &nbsp;&nbsp;&nbsp; LAI-00832512, 28.760%, 7/06/2027 †x | LendingPoint | 7/12/2023 | 3916 | 3916 | 3936 |
| &nbsp;&nbsp;&nbsp; LAI-00832516, 30.120%, 7/06/2027 †x | LendingPoint | 7/12/2023 | 9104 | 9104 | 9153 |
| &nbsp;&nbsp;&nbsp; LAI-00832526, 28.760%, 7/06/2027 †§x | LendingPoint | 7/12/2023 | 2447 | 2447 | 2460 |
| &nbsp;&nbsp;&nbsp; LAI-00832535, 18.000%, 7/14/2028 †x# | LendingPoint | 7/12/2023 | 14629 | 14629 | 14267 |
| &nbsp;&nbsp;&nbsp; LAI-00832545, 24.340%, 7/06/2028 †§x | LendingPoint | 7/12/2023 | 7 | 7 |  |
| &nbsp;&nbsp;&nbsp; LAI-00832551, 18.000%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 9631 | 9631 | 9444 |
| &nbsp;&nbsp;&nbsp; LAI-00832575, 29.420%, 6/11/2027 †x | LendingPoint | 7/12/2023 | 4048 | 4048 | 4012 |
| &nbsp;&nbsp;&nbsp; LAI-00832581, 20.370%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 13276 | 13276 | 13012 |
| &nbsp;&nbsp;&nbsp; LAI-00832587, 16.020%, 7/01/2027 †x | LendingPoint | 7/12/2023 | 5112 | 5112 | 5081 |
| &nbsp;&nbsp;&nbsp; LAI-00832588, 25.950%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 14976 | 14976 | 14394 |
| &nbsp;&nbsp;&nbsp; LAI-00832589, 20.690%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 6410 | 6410 | 6172 |
| &nbsp;&nbsp;&nbsp; LAI-00832600, 30.080%, 7/06/2028 †x | LendingPoint | 7/12/2023 | 171 | 171 |  |
| &nbsp;&nbsp;&nbsp; LAI-00832615, 30.120%, 7/07/2027 †x# | LendingPoint | 7/12/2023 | 3795 | 3795 | 685 |
| &nbsp;&nbsp;&nbsp; LAI-00832620, 26.390%, 6/16/2028 †x# | LendingPoint | 7/12/2023 | 7416 | 7416 | 7003 |
| &nbsp;&nbsp;&nbsp; LAI-00832624, 20.690%, 11/07/2028 †x# | LendingPoint | 7/12/2023 | 10449 | 10449 | 2127 |
| &nbsp;&nbsp;&nbsp; LAI-00832625, 22.530%, 7/07/2028 †x# | LendingPoint | 7/12/2023 | 9369 | 9369 | 9024 |
| &nbsp;&nbsp;&nbsp; LAI-00832645, 18.830%, 7/07/2028 †x | LendingPoint | 7/12/2023 | 14588 | 14588 | 14053 |
| &nbsp;&nbsp;&nbsp; LAI-00832647, 30.000%, 7/07/2028 †x | LendingPoint | 7/12/2023 | 6465 | 6465 | 6321 |
| &nbsp;&nbsp;&nbsp; LAI-00832658, 26.990%, 7/21/2028 †x# | LendingPoint | 7/12/2023 | 19653 | 1719 | 1855 |
| &nbsp;&nbsp;&nbsp; LAI-00832660, 27.490%, 7/07/2026 †x | LendingPoint | 7/12/2023 | 583 | 583 | 591 |
| &nbsp;&nbsp;&nbsp; LAI-00832669, 18.000%, 7/07/2028 †x# | LendingPoint | 7/12/2023 | 11633 | 11633 | 2391 |
| &nbsp;&nbsp;&nbsp; LAI-00832670, 22.530%, 7/07/2028 †x | LendingPoint | 7/12/2023 | 12499 | 12499 | 11925 |
| &nbsp;&nbsp;&nbsp; LAI-00832703, 18.000%, 7/15/2028 †x# | LendingPoint | 7/12/2023 | 1435 | 1435 | 247 |
| &nbsp;&nbsp;&nbsp; LAI-00832731, 28.620%, 8/15/2028 †x | LendingPoint | 7/12/2023 | 3957 | 3957 | 3883 |
| &nbsp;&nbsp;&nbsp; LAI-00832738, 30.120%, 7/18/2027 †x# | LendingPoint | 7/12/2023 | 3906 | 3906 | 3888 |
| &nbsp;&nbsp;&nbsp; LAI-00832751, 22.580%, 7/07/2028 †x | LendingPoint | 7/12/2023 | 4034 | 4034 | 3882 |
| &nbsp;&nbsp;&nbsp; LAI-00832759, 20.690%, 7/07/2028 †x | LendingPoint | 7/12/2023 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00832764, 16.240%, 7/07/2028 †x | LendingPoint | 7/12/2023 | 14739 | 14739 | 14215 |
| &nbsp;&nbsp;&nbsp; LAI-00832766, 21.730%, 7/07/2028 †x | LendingPoint | 7/12/2023 | 17832 | 17832 | 17052 |
| &nbsp;&nbsp;&nbsp; LAI-00832770, 29.510%, 6/21/2028 †x# | LendingPoint | 7/12/2023 | 168 | 168 |  |
| &nbsp;&nbsp;&nbsp; LAI-00832772, 27.490%, 7/07/2026 †§x | LendingPoint | 7/12/2023 | 1377 | 1377 | 1397 |
| &nbsp;&nbsp;&nbsp; LAI-00832798, 20.620%, 7/07/2028 †x | LendingPoint | 7/13/2023 | 2956 | 2956 | 2904 |
| &nbsp;&nbsp;&nbsp; LAI-00832816, 30.120%, 7/07/2027 †x# | LendingPoint | 7/13/2023 | 5292 | 5292 | 500 |
| &nbsp;&nbsp;&nbsp; LAI-00832840, 21.600%, 2/28/2026 †x^ | LendingPoint | 7/13/2023 | 2039 | 2039 | 1746 |
| &nbsp;&nbsp;&nbsp; LAI-00832850, 20.330%, 7/07/2028 †x | LendingPoint | 7/13/2023 | 5895 | 5895 | 5792 |
| &nbsp;&nbsp;&nbsp; LAI-00832926, 28.940%, 7/07/2026 †§x | LendingPoint | 7/13/2023 | 833 | 833 | 849 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6311** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00832933, 28.990%, 7/07/2028 †x | LendingPoint | 7/13/2023 | $12677 | $12677 | $12104 |
| &nbsp;&nbsp;&nbsp; LAI-00832950, 21.490%, 7/04/2028 †x | LendingPoint | 7/13/2023 | 16854 | 16854 | 16551 |
| &nbsp;&nbsp;&nbsp; LAI-00832971, 30.120%, 6/15/2027 †x | LendingPoint | 7/13/2023 | 2187 | 2187 | 2216 |
| &nbsp;&nbsp;&nbsp; LAI-00833013, 28.760%, 7/07/2027 †x# | LendingPoint | 7/13/2023 | 4932 | 4932 | 466 |
| &nbsp;&nbsp;&nbsp; LAI-00833018, 27.490%, 7/07/2026 †§x | LendingPoint | 7/13/2023 | 1516 | 1516 | 1544 |
| &nbsp;&nbsp;&nbsp; LAI-00833023, 27.000%, 6/17/2028 †x | LendingPoint | 7/13/2023 | 13168 | 13168 | 12705 |
| &nbsp;&nbsp;&nbsp; LAI-00833032, 21.000%, 7/07/2028 †x | LendingPoint | 7/13/2023 | 5780 | 5780 | 5673 |
| &nbsp;&nbsp;&nbsp; LAI-00833111, 18.000%, 7/18/2028 †x# | LendingPoint | 7/13/2023 | 26463 | 26463 | 26038 |
| &nbsp;&nbsp;&nbsp; LAI-00833115, 28.760%, 7/07/2027 †x | LendingPoint | 7/13/2023 | 3891 | 3891 | 3938 |
| &nbsp;&nbsp;&nbsp; LAI-00833120, 30.690%, 7/07/2027 †§x | LendingPoint | 7/13/2023 | 1060 | 1060 | 1072 |
| &nbsp;&nbsp;&nbsp; LAI-00833132, 19.410%, 7/07/2026 †§x | LendingPoint | 7/13/2023 | 873 | 873 | 883 |
| &nbsp;&nbsp;&nbsp; LAI-00833159, 30.000%, 6/21/2028 †x | LendingPoint | 7/13/2023 | 7388 | 7388 | 7246 |
| &nbsp;&nbsp;&nbsp; LAI-00833161, 18.000%, 10/15/2028 †x | LendingPoint | 7/13/2023 | 23207 | 23207 | 22779 |
| &nbsp;&nbsp;&nbsp; LAI-00833200, 18.000%, 7/08/2028 †x | LendingPoint | 7/13/2023 | 2859 | 2859 | 2805 |
| &nbsp;&nbsp;&nbsp; LAI-00833274, 28.770%, 7/15/2027 †x# | LendingPoint | 7/13/2023 | 8977 | 8977 | 8540 |
| &nbsp;&nbsp;&nbsp; LAI-00833396, 26.120%, 6/30/2028 †x# | LendingPoint | 7/13/2023 | 3891 | 3891 | 3783 |
| &nbsp;&nbsp;&nbsp; LAI-00833409, 29.720%, 7/18/2027 †x | LendingPoint | 7/13/2023 | 2571 | 2571 | 2614 |
| &nbsp;&nbsp;&nbsp; LAI-00833427, 18.000%, 7/09/2028 †x | LendingPoint | 7/13/2023 | 6420 | 6420 | 6153 |
| &nbsp;&nbsp;&nbsp; LAI-00833436, 30.000%, 7/09/2028 †x | LendingPoint | 7/13/2023 | 1792 | 1792 | 1753 |
| &nbsp;&nbsp;&nbsp; LAI-00833457, 21.120%, 7/20/2028 †x | LendingPoint | 7/13/2023 | 6062 | 6062 | 5968 |
| &nbsp;&nbsp;&nbsp; LAI-00833468, 21.860%, 7/10/2028 †x# | LendingPoint | 7/13/2023 | 6678 | 6678 | 6435 |
| &nbsp;&nbsp;&nbsp; LAI-00833507, 31.280%, 7/10/2027 †§x# | LendingPoint | 7/13/2023 | 1027 | 1027 | 1035 |
| &nbsp;&nbsp;&nbsp; LAI-00833513, 30.120%, 7/18/2027 †x | LendingPoint | 7/13/2023 | 1420 | 1420 | 1419 |
| &nbsp;&nbsp;&nbsp; LAI-00833585, 27.000%, 7/05/2028 †x | LendingPoint | 7/13/2023 | 7648 | 7648 | 7364 |
| &nbsp;&nbsp;&nbsp; LAI-00834207, 18.000%, 8/15/2028 †x# | LendingPoint | 7/17/2023 | 18081 | 18081 | 17759 |
| &nbsp;&nbsp;&nbsp; LAI-00834213, 18.000%, 7/11/2028 †x | LendingPoint | 7/17/2023 | 2067 | 2067 | 1983 |
| &nbsp;&nbsp;&nbsp; LAI-00834229, 18.000%, 7/11/2028 †x# | LendingPoint | 7/17/2023 | 9179 | 9179 | 1900 |
| &nbsp;&nbsp;&nbsp; LAI-00834236, 18.000%, 9/28/2027 †x# | LendingPoint | 7/17/2023 | 2162 | 2162 | 2122 |
| &nbsp;&nbsp;&nbsp; LAI-00834238, 27.930%, 7/11/2028 †x | LendingPoint | 7/17/2023 | 4831 | 4831 | 4617 |
| &nbsp;&nbsp;&nbsp; LAI-00834241, 28.760%, 7/11/2027 †x# | LendingPoint | 7/17/2023 | 3917 | 3917 | 3952 |
| &nbsp;&nbsp;&nbsp; LAI-00834255, 18.000%, 3/31/2026 †x | LendingPoint | 7/17/2023 | 39548 | 39548 | 32138 |
| &nbsp;&nbsp;&nbsp; LAI-00834260, 21.150%, 7/11/2028 †x | LendingPoint | 7/17/2023 | 8587 | 8587 | 8228 |
| &nbsp;&nbsp;&nbsp; LAI-00834267, 30.800%, 6/25/2028 †x# | LendingPoint | 7/17/2023 | 25760 | 25760 | 5540 |
| &nbsp;&nbsp;&nbsp; LAI-00834298, 25.950%, 9/30/2026 †x# | LendingPoint | 7/17/2023 | 8631 | 8631 | 8101 |
| &nbsp;&nbsp;&nbsp; LAI-00834323, 30.000%, 6/23/2028 †x | LendingPoint | 7/17/2023 | 9643 | 9643 | 9380 |
| &nbsp;&nbsp;&nbsp; LAI-00834347, 22.680%, 11/25/2028 †x | LendingPoint | 7/17/2023 | 31 | 31 | 30 |
| &nbsp;&nbsp;&nbsp; LAI-00834370, 24.380%, 7/25/2028 †x | LendingPoint | 7/17/2023 | 7161 | 7161 | 7033 |
| &nbsp;&nbsp;&nbsp; LAI-00834389, 27.000%, 6/15/2028 †x | LendingPoint | 7/17/2023 | 2115 | 2115 | 2038 |
| &nbsp;&nbsp;&nbsp; LAI-00834417, 24.620%, 7/11/2028 †x# | LendingPoint | 7/17/2023 | 167 | 167 | 166 |
| &nbsp;&nbsp;&nbsp; LAI-00834434, 27.490%, 7/25/2026 †x# | LendingPoint | 7/17/2023 | 856 | 856 | 881 |
| &nbsp;&nbsp;&nbsp; LAI-00834437, 21.080%, 6/30/2028 †x# | LendingPoint | 7/17/2023 | 6287 | 6287 | 6043 |
| &nbsp;&nbsp;&nbsp; LAI-00834446, 18.000%, 7/11/2028 †x | LendingPoint | 7/17/2023 | 3174 | 3174 | 3045 |
| &nbsp;&nbsp;&nbsp; LAI-00834450, 24.680%, 12/18/2027 †x# | LendingPoint | 7/17/2023 | 15039 | 15039 | 14554 |
| &nbsp;&nbsp;&nbsp; LAI-00834459, 25.990%, 9/20/2029 †x | LendingPoint | 7/17/2023 | 8125 | 8125 | 7581 |
| &nbsp;&nbsp;&nbsp; LAI-00834460, 23.560%, 7/11/2028 †x | LendingPoint | 7/17/2023 | 3386 | 3386 | 3262 |
| &nbsp;&nbsp;&nbsp; LAI-00834469, 29.950%, 7/11/2027 †x# | LendingPoint | 7/17/2023 | 6178 | 6178 | 1419 |
| &nbsp;&nbsp;&nbsp; LAI-00834474, 18.000%, 8/02/2028 †x | LendingPoint | 7/17/2023 | 7748 | 7748 | 7463 |
| &nbsp;&nbsp;&nbsp; LAI-00834481, 18.000%, 7/11/2028 †x | LendingPoint | 7/17/2023 | 12391 | 12391 | 11886 |
| &nbsp;&nbsp;&nbsp; LAI-00834488, 20.690%, 7/11/2028 †x# | LendingPoint | 7/17/2023 | 8139 | 8139 | 7819 |
| &nbsp;&nbsp;&nbsp; LAI-00834500, 30.120%, 7/09/2027 †x | LendingPoint | 7/17/2023 | 3385 | 3385 | 3364 |
| &nbsp;&nbsp;&nbsp; LAI-00834507, 20.690%, 10/04/2027 †x# | LendingPoint | 7/17/2023 | 14962 | 14962 | 14139 |
| &nbsp;&nbsp;&nbsp; LAI-00834527, 30.120%, 7/17/2029 †x# | LendingPoint | 7/17/2023 | 10214 | 10214 | 9524 |
| &nbsp;&nbsp;&nbsp; LAI-00834530, 25.840%, 6/21/2028 †x | LendingPoint | 7/17/2023 | 32172 | 32172 | 30944 |
| &nbsp;&nbsp;&nbsp; LAI-00834545, 22.240%, 7/11/2027 †x | LendingPoint | 7/17/2023 | 2478 | 2478 | 2444 |
| &nbsp;&nbsp;&nbsp; LAI-00834551, 30.800%, 7/11/2028 †x | LendingPoint | 7/17/2023 | 12262 | 12262 | 11707 |
| &nbsp;&nbsp;&nbsp; LAI-00834554, 27.030%, 7/11/2028 †x# | LendingPoint | 7/17/2023 | 8686 | 8686 | 8511 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6312** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00834564, 19.610%, 7/11/2028 †x# | LendingPoint | 7/17/2023 | $9800 | $9800 | $9435 |
| &nbsp;&nbsp;&nbsp; LAI-00834582, 28.760%, 7/12/2027 †x | LendingPoint | 7/17/2023 | 3927 | 3927 | 3964 |
| &nbsp;&nbsp;&nbsp; LAI-00834583, 27.490%, 7/12/2026 †§x | LendingPoint | 7/17/2023 | 584 | 584 | 594 |
| &nbsp;&nbsp;&nbsp; LAI-00834586, 18.750%, 7/12/2027 †x | LendingPoint | 7/17/2023 | 7947 | 7947 | 7910 |
| &nbsp;&nbsp;&nbsp; LAI-00834597, 23.160%, 6/19/2027 †x# | LendingPoint | 7/17/2023 | 2273 | 2273 | 2258 |
| &nbsp;&nbsp;&nbsp; LAI-00834616, 22.530%, 6/16/2028 †x | LendingPoint | 7/17/2023 | 9784 | 9784 | 9450 |
| &nbsp;&nbsp;&nbsp; LAI-00834618, 30.120%, 7/12/2027 †x | LendingPoint | 7/17/2023 | 3177 | 3177 | 3207 |
| &nbsp;&nbsp;&nbsp; LAI-00834645, 18.000%, 7/12/2028 †x | LendingPoint | 7/17/2023 | 16393 | 16393 | 15733 |
| &nbsp;&nbsp;&nbsp; LAI-00834666, 18.000%, 7/12/2027 †x | LendingPoint | 7/17/2023 | 13220 | 13220 | 13148 |
| &nbsp;&nbsp;&nbsp; LAI-00834691, 30.690%, 11/18/2027 †x# | LendingPoint | 7/17/2023 | 3789 | 3789 | 358 |
| &nbsp;&nbsp;&nbsp; LAI-00835483, 0.000%, 6/21/2028 †x | LendingPoint | 7/20/2023 | 7 | 7 | 7 |
| &nbsp;&nbsp;&nbsp; LAI-00835523, 30.000%, 7/14/2028 †x | LendingPoint | 7/20/2023 | 3564 | 3564 | 3503 |
| &nbsp;&nbsp;&nbsp; LAI-00835556, 18.000%, 7/21/2028 †x | LendingPoint | 7/20/2023 | 2602 | 2602 | 2549 |
| &nbsp;&nbsp;&nbsp; LAI-00835557, 20.370%, 7/14/2028 †x | LendingPoint | 7/20/2023 | 19067 | 19067 | 18773 |
| &nbsp;&nbsp;&nbsp; LAI-00835561, 18.000%, 7/14/2028 †x | LendingPoint | 7/20/2023 | 12451 | 12451 | 12265 |
| &nbsp;&nbsp;&nbsp; LAI-00835587, 18.000%, 7/25/2028 †x | LendingPoint | 7/20/2023 | 6005 | 6005 | 5926 |
| &nbsp;&nbsp;&nbsp; LAI-00835594, 18.580%, 7/14/2028 †x# | LendingPoint | 7/20/2023 | 3260 | 3260 |  |
| &nbsp;&nbsp;&nbsp; LAI-00835625, 18.000%, 7/21/2028 †x | LendingPoint | 7/20/2023 | 16635 | 16635 | 16033 |
| &nbsp;&nbsp;&nbsp; LAI-00835655, 0.000%, 7/16/2027 †x | LendingPoint | 7/20/2023 | 27 | 27 | 27 |
| &nbsp;&nbsp;&nbsp; LAI-00835702, 16.240%, 7/14/2028 †x | LendingPoint | 7/20/2023 | 6175 | 6175 | 5991 |
| &nbsp;&nbsp;&nbsp; LAI-00835707, 20.690%, 7/14/2028 †x | LendingPoint | 7/20/2023 | 10224 | 10224 | 9906 |
| &nbsp;&nbsp;&nbsp; LAI-00835734, 0.000%, 7/28/2026 †x | LendingPoint | 7/20/2023 | 340 | 340 |  |
| &nbsp;&nbsp;&nbsp; LAI-00835739, 18.740%, 3/25/2026 †x | LendingPoint | 7/20/2023 | 14553 | 14553 | 12131 |
| &nbsp;&nbsp;&nbsp; LAI-00835761, 31.280%, 7/15/2027 †§x | LendingPoint | 7/20/2023 | 1275 | 1275 | 1273 |
| &nbsp;&nbsp;&nbsp; LAI-00835767, 18.400%, 7/15/2028 †x | LendingPoint | 7/20/2023 | 29612 | 29612 | 29131 |
| &nbsp;&nbsp;&nbsp; LAI-00835768, 18.000%, 10/18/2028 †x# | LendingPoint | 7/20/2023 | 22522 | 22522 | 22097 |
| &nbsp;&nbsp;&nbsp; LAI-00835775, 23.820%, 1/15/2029 †x | LendingPoint | 7/20/2023 | 9816 | 9816 | 9231 |
| &nbsp;&nbsp;&nbsp; LAI-00835784, 20.080%, 5/18/2029 †x# | LendingPoint | 7/20/2023 | 13228 | 13228 | 12422 |
| &nbsp;&nbsp;&nbsp; LAI-00835793, 19.620%, 7/15/2028 †x | LendingPoint | 7/20/2023 | 5863 | 5863 | 5763 |
| &nbsp;&nbsp;&nbsp; LAI-00835800, 30.120%, 7/15/2027 †§x | LendingPoint | 7/20/2023 | 2943 | 2943 | 2961 |
| &nbsp;&nbsp;&nbsp; LAI-00835806, 22.610%, 7/15/2028 †x | LendingPoint | 7/20/2023 | 15414 | 15414 | 14876 |
| &nbsp;&nbsp;&nbsp; LAI-00835807, 29.490%, 6/16/2027 †x | LendingPoint | 7/20/2023 | 1480 | 1480 | 1498 |
| &nbsp;&nbsp;&nbsp; LAI-00835824, 28.760%, 7/15/2027 †§x | LendingPoint | 7/20/2023 | 2684 | 2684 | 2733 |
| &nbsp;&nbsp;&nbsp; LAI-00835833, 0.000%, 7/16/2028 †x | LendingPoint | 7/20/2023 | 24 | 24 | 24 |
| &nbsp;&nbsp;&nbsp; LAI-00835845, 22.240%, 8/20/2027 †x | LendingPoint | 7/20/2023 | 2988 | 2988 | 2958 |
| &nbsp;&nbsp;&nbsp; LAI-00835883, 30.800%, 7/16/2028 †x | LendingPoint | 7/20/2023 | 5434 | 5434 | 5210 |
| &nbsp;&nbsp;&nbsp; LAI-00835890, 0.000%, 7/16/2026 †x# | LendingPoint | 7/20/2023 | 2 | 2 | 2 |
| &nbsp;&nbsp;&nbsp; LAI-00835892, 20.150%, 7/16/2028 †x | LendingPoint | 7/20/2023 | 11810 | 11810 | 11610 |
| &nbsp;&nbsp;&nbsp; LAI-00835898, 27.000%, 7/16/2027 †x | LendingPoint | 7/20/2023 | 4812 | 4812 | 4750 |
| &nbsp;&nbsp;&nbsp; LAI-00835899, 29.370%, 2/24/2028 †x | LendingPoint | 7/20/2023 | 11146 | 11146 | 10969 |
| &nbsp;&nbsp;&nbsp; LAI-00835905, 30.120%, 7/16/2027 †§x | LendingPoint | 7/20/2023 | 2142 | 2142 | 2168 |
| &nbsp;&nbsp;&nbsp; LAI-00835907, 30.120%, 3/18/2027 †x | LendingPoint | 7/20/2023 | 3212 | 3212 | 3240 |
| &nbsp;&nbsp;&nbsp; LAI-00835919, 18.000%, 5/21/2028 †x# | LendingPoint | 7/20/2023 | 4328 | 4328 | 4255 |
| &nbsp;&nbsp;&nbsp; LAI-00835923, 0.000%, 7/16/2028 †x | LendingPoint | 7/20/2023 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp; LAI-00835942, 30.000%, 7/17/2028 †x# | LendingPoint | 7/20/2023 | 11939 | 11939 | 11741 |
| &nbsp;&nbsp;&nbsp; LAI-00835954, 18.000%, 7/17/2028 †x | LendingPoint | 7/20/2023 | 6846 | 6846 | 6734 |
| &nbsp;&nbsp;&nbsp; LAI-00835957, 18.000%, 7/17/2028 †x | LendingPoint | 7/20/2023 | 4964 | 4964 | 4893 |
| &nbsp;&nbsp;&nbsp; LAI-00835981, 18.000%, 11/05/2027 †x# | LendingPoint | 7/20/2023 | 5469 | 5469 | 5418 |
| &nbsp;&nbsp;&nbsp; LAI-00835990, 21.120%, 7/17/2028 †x | LendingPoint | 7/20/2023 | 3978 | 3978 | 3912 |
| &nbsp;&nbsp;&nbsp; LAI-00836000, 25.340%, 9/15/2028 †x | LendingPoint | 7/20/2023 | 9210 | 9210 | 8720 |
| &nbsp;&nbsp;&nbsp; LAI-00836015, 21.590%, 8/30/2029 †x# | LendingPoint | 7/20/2023 | 26402 | 26402 | 24618 |
| &nbsp;&nbsp;&nbsp; LAI-00836042, 25.030%, 7/17/2028 †x | LendingPoint | 7/20/2023 | 11689 | 11689 | 11282 |
| &nbsp;&nbsp;&nbsp; LAI-00836071, 20.690%, 6/30/2026 †x# | LendingPoint | 7/20/2023 | 18606 | 18606 | 18044 |
| &nbsp;&nbsp;&nbsp; LAI-00836974, 21.180%, 8/30/2028 †x# | LendingPoint | 7/25/2023 | 12373 | 12373 | 11757 |
| &nbsp;&nbsp;&nbsp; LAI-00836985, 30.120%, 7/19/2027 †§x# | LendingPoint | 7/25/2023 | 2265 | 2265 | 2299 |
| &nbsp;&nbsp;&nbsp; LAI-00837005, 18.000%, 7/19/2026 †§x# | LendingPoint | 7/25/2023 | 347 | 347 | 349 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6313** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00837028, 18.000%, 3/01/2030 †x# | LendingPoint | 7/25/2023 | $28183 | $28183 | $2660 |
| &nbsp;&nbsp;&nbsp; LAI-00837039, 25.590%, 6/20/2028 †x | LendingPoint | 7/25/2023 | 31800 | 31800 | 31284 |
| &nbsp;&nbsp;&nbsp; LAI-00837043, 18.580%, 7/19/2028 †x | LendingPoint | 7/25/2023 | 4000 | 4000 | 3878 |
| &nbsp;&nbsp;&nbsp; LAI-00837051, 21.330%, 6/22/2028 †x# | LendingPoint | 7/25/2023 | 12722 | 12722 | 2199 |
| &nbsp;&nbsp;&nbsp; LAI-00837055, 20.690%, 11/19/2028 †x# | LendingPoint | 7/25/2023 | 9219 | 9219 | 870 |
| &nbsp;&nbsp;&nbsp; LAI-00837066, 23.210%, 6/23/2028 †x | LendingPoint | 7/25/2023 | 9861 | 9861 | 9715 |
| &nbsp;&nbsp;&nbsp; LAI-00837069, 30.120%, 7/19/2027 †§x# | LendingPoint | 7/25/2023 | 2751 | 2751 | 2790 |
| &nbsp;&nbsp;&nbsp; LAI-00837080, 21.150%, 7/23/2027 †x | LendingPoint | 7/25/2023 | 3148 | 3148 | 3115 |
| &nbsp;&nbsp;&nbsp; LAI-00837081, 20.690%, 7/19/2028 †x# | LendingPoint | 7/25/2023 | 3055 | 3055 | 3006 |
| &nbsp;&nbsp;&nbsp; LAI-00837089, 18.000%, 3/28/2027 †x | LendingPoint | 7/25/2023 | 16648 | 16648 | 15971 |
| &nbsp;&nbsp;&nbsp; LAI-00837093, 20.430%, 7/30/2029 †x# | LendingPoint | 7/25/2023 | 16647 | 16647 | 18730 |
| &nbsp;&nbsp;&nbsp; LAI-00837106, 18.000%, 4/15/2026 †x# | LendingPoint | 7/25/2023 | 14964 | 14964 | 13285 |
| &nbsp;&nbsp;&nbsp; LAI-00837111, 30.800%, 8/27/2028 †x# | LendingPoint | 7/25/2023 | 10845 | 10845 | 10342 |
| &nbsp;&nbsp;&nbsp; LAI-00837112, 25.400%, 7/19/2028 †x# | LendingPoint | 7/25/2023 | 16767 | 16767 | 16490 |
| &nbsp;&nbsp;&nbsp; LAI-00837137, 18.000%, 7/19/2028 †x# | LendingPoint | 7/25/2023 | 10272 | 10272 | 9890 |
| &nbsp;&nbsp;&nbsp; LAI-00837140, 30.000%, 7/19/2027 †§x | LendingPoint | 7/25/2023 | 1422 | 1422 | 1409 |
| &nbsp;&nbsp;&nbsp; LAI-00837141, 30.120%, 7/02/2027 †x# | LendingPoint | 7/25/2023 | 4517 | 4517 | 4489 |
| &nbsp;&nbsp;&nbsp; LAI-00837181, 18.780%, 7/19/2027 †§x# | LendingPoint | 7/25/2023 | 1327 | 1327 | 1314 |
| &nbsp;&nbsp;&nbsp; LAI-00837189, 22.200%, 6/21/2028 †x | LendingPoint | 7/25/2023 | 30860 | 30860 | 29695 |
| &nbsp;&nbsp;&nbsp; LAI-00837198, 23.410%, 10/19/2027 †x# | LendingPoint | 7/25/2023 | 9294 | 9294 | 9143 |
| &nbsp;&nbsp;&nbsp; LAI-00837200, 28.760%, 7/19/2027 †§x# | LendingPoint | 7/25/2023 | 2448 | 2448 | 2483 |
| &nbsp;&nbsp;&nbsp; LAI-00837210, 20.690%, 7/19/2028 †x# | LendingPoint | 7/25/2023 | 7326 | 7326 | 7209 |
| &nbsp;&nbsp;&nbsp; LAI-00837221, 28.760%, 7/20/2027 †x | LendingPoint | 7/25/2023 | 3438 | 3438 | 3419 |
| &nbsp;&nbsp;&nbsp; LAI-00837224, 18.000%, 7/20/2028 †x# | LendingPoint | 7/25/2023 | 8459 | 8459 | 1745 |
| &nbsp;&nbsp;&nbsp; LAI-00837229, 0.000%, 7/20/2028 †x# | LendingPoint | 7/25/2023 | 45369 | 45369 |  |
| &nbsp;&nbsp;&nbsp; LAI-00837232, 30.590%, 12/28/2028 †x# | LendingPoint | 7/25/2023 | 21134 | 21134 | 20558 |
| &nbsp;&nbsp;&nbsp; LAI-00837256, 18.000%, 7/16/2028 †x | LendingPoint | 7/25/2023 | 13925 | 13925 | 13714 |
| &nbsp;&nbsp;&nbsp; LAI-00837289, 23.210%, 7/20/2027 †x# | LendingPoint | 7/25/2023 | 7444 | 7444 | 2393 |
| &nbsp;&nbsp;&nbsp; LAI-00837300, 22.490%, 7/20/2027 †§x | LendingPoint | 7/25/2023 | 1383 | 1383 | 1379 |
| &nbsp;&nbsp;&nbsp; LAI-00837312, 0.000%, 7/20/2028 †x | LendingPoint | 7/25/2023 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp; LAI-00837410, 19.530%, 7/20/2028 †x# | LendingPoint | 7/26/2023 | 5341 | 5341 | 1132 |
| &nbsp;&nbsp;&nbsp; LAI-00837570, 18.000%, 8/30/2028 †x# | LendingPoint | 7/26/2023 | 12797 | 12797 | 12516 |
| &nbsp;&nbsp;&nbsp; LAI-00837608, 20.120%, 7/21/2028 †x | LendingPoint | 7/26/2023 | 12490 | 12490 | 12305 |
| &nbsp;&nbsp;&nbsp; LAI-00838117, 28.960%, 11/24/2028 †x | LendingPoint | 7/27/2023 | 27090 | 27090 | 26502 |
| &nbsp;&nbsp;&nbsp; LAI-00838130, 24.650%, 7/24/2028 †x | LendingPoint | 7/27/2023 | 17135 | 17135 | 16495 |
| &nbsp;&nbsp;&nbsp; LAI-00839618, 25.030%, 7/31/2028 †x# | LendingPoint | 8/07/2023 | 6846 | 6846 | 6543 |
| &nbsp;&nbsp;&nbsp; LAI-00839767, 28.760%, 8/01/2027 †§x | LendingPoint | 8/07/2023 | 2566 | 2566 | 2559 |
| &nbsp;&nbsp;&nbsp; LAI-00839787, 18.000%, 8/25/2028 †x# | LendingPoint | 8/07/2023 | 16172 | 16172 | 1527 |
| &nbsp;&nbsp;&nbsp; LAI-00839789, 18.390%, 7/16/2028 †x# | LendingPoint | 8/07/2023 | 9917 | 9917 | 9513 |
| &nbsp;&nbsp;&nbsp; LAI-00839824, 18.000%, 9/19/2027 †x# | LendingPoint | 8/07/2023 | 6800 | 6800 | 6776 |
| &nbsp;&nbsp;&nbsp; LAI-00839828, 18.000%, 7/05/2028 †x | LendingPoint | 8/07/2023 | 8547 | 8547 | 8375 |
| &nbsp;&nbsp;&nbsp; LAI-00839844, 18.000%, 8/01/2028 †x | LendingPoint | 8/07/2023 | 19532 | 19532 | 19096 |
| &nbsp;&nbsp;&nbsp; LAI-00839863, 18.000%, 8/01/2026 †§x | LendingPoint | 8/07/2023 | 1192 | 1192 | 1192 |
| &nbsp;&nbsp;&nbsp; LAI-00839870, 18.000%, 8/01/2027 †§x | LendingPoint | 8/07/2023 | 1994 | 1994 | 1975 |
| &nbsp;&nbsp;&nbsp; LAI-00839892, 30.120%, 8/01/2027 †§x | LendingPoint | 8/07/2023 | 1921 | 1921 | 1875 |
| &nbsp;&nbsp;&nbsp; LAI-00839927, 20.380%, 8/08/2026 †x | LendingPoint | 8/07/2023 | 1149 | 1149 | 1154 |
| &nbsp;&nbsp;&nbsp; LAI-00839952, 27.530%, 7/15/2028 †x# | LendingPoint | 8/07/2023 | 4904 | 4904 | 1374 |
| &nbsp;&nbsp;&nbsp; LAI-00839962, 24.290%, 8/01/2028 †x | LendingPoint | 8/07/2023 | 11006 | 11006 | 10773 |
| &nbsp;&nbsp;&nbsp; LAI-00839965, 26.440%, 8/01/2026 †§x | LendingPoint | 8/07/2023 | 275 | 275 | 273 |
| &nbsp;&nbsp;&nbsp; LAI-00839985, 21.600%, 10/17/2026 †x | LendingPoint | 8/07/2023 | 18978 | 18978 | 17897 |
| &nbsp;&nbsp;&nbsp; LAI-00839988, 19.110%, 8/01/2028 †x | LendingPoint | 8/07/2023 | 9338 | 9338 | 8880 |
| &nbsp;&nbsp;&nbsp; LAI-00840013, 27.490%, 8/01/2028 †x | LendingPoint | 8/07/2023 | 8989 | 8989 | 8518 |
| &nbsp;&nbsp;&nbsp; LAI-00840039, 18.000%, 8/01/2028 †x# | LendingPoint | 8/07/2023 | 12667 | 12667 | 12391 |
| &nbsp;&nbsp;&nbsp; LAI-00840053, 30.150%, 8/01/2028 †x# | LendingPoint | 8/07/2023 | 7818 | 7818 | 1654 |
| &nbsp;&nbsp;&nbsp; LAI-00840079, 18.000%, 1/01/2029 †x# | LendingPoint | 8/07/2023 | 35927 | 35927 | 12849 |
| &nbsp;&nbsp;&nbsp; LAI-00840090, 18.000%, 10/20/2028 †x# | LendingPoint | 8/07/2023 | 12531 | 12531 | 12313 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6314** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00840106, 30.000%, 7/15/2028 †x | LendingPoint | 8/07/2023 | $3796 | $3796 | $3709 |
| &nbsp;&nbsp;&nbsp; LAI-00840107, 18.000%, 8/01/2027 †x | LendingPoint | 8/07/2023 | 6922 | 6922 | 6858 |
| &nbsp;&nbsp;&nbsp; LAI-00840139, 0.000%, 1/15/2029 †x | LendingPoint | 8/07/2023 | 235 | 235 | 235 |
| &nbsp;&nbsp;&nbsp; LAI-00840149, 21.600%, 8/01/2028 †x# | LendingPoint | 8/07/2023 | 3327 | 3327 | 3245 |
| &nbsp;&nbsp;&nbsp; LAI-00840193, 21.150%, 11/01/2027 †x | LendingPoint | 8/07/2023 | 1763 | 1763 | 1714 |
| &nbsp;&nbsp;&nbsp; LAI-00840210, 21.010%, 8/01/2027 †§x | LendingPoint | 8/07/2023 | 1799 | 1799 | 1761 |
| &nbsp;&nbsp;&nbsp; LAI-00840223, 26.490%, 8/15/2028 †x | LendingPoint | 8/07/2023 | 4556 | 4556 | 4464 |
| &nbsp;&nbsp;&nbsp; LAI-00840230, 30.000%, 8/01/2027 †§x | LendingPoint | 8/07/2023 | 1891 | 1891 | 1845 |
| &nbsp;&nbsp;&nbsp; LAI-00840293, 0.000%, 8/01/2028 †x | LendingPoint | 8/07/2023 | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp; LAI-00840319, 19.620%, 8/01/2028 †x# | LendingPoint | 8/07/2023 | 11726 | 11726 | 11448 |
| &nbsp;&nbsp;&nbsp; LAI-00840458, 26.050%, 1/23/2029 †x | LendingPoint | 8/07/2023 | 7042 | 7042 | 6883 |
| &nbsp;&nbsp;&nbsp; LAI-00840460, 18.000%, 8/25/2028 †x# | LendingPoint | 8/07/2023 | 11356 | 11356 | 11074 |
| &nbsp;&nbsp;&nbsp; LAI-00840473, 29.150%, 8/01/2027 †x | LendingPoint | 8/07/2023 | 4309 | 4309 | 4195 |
| &nbsp;&nbsp;&nbsp; LAI-00840531, 30.120%, 5/15/2029 †x# | LendingPoint | 8/07/2023 | 14723 | 14723 | 1390 |
| &nbsp;&nbsp;&nbsp; LAI-00840568, 18.000%, 8/01/2028 †x | LendingPoint | 8/07/2023 | 6262 | 6262 | 6122 |
| &nbsp;&nbsp;&nbsp; LAI-00840644, 20.380%, 8/07/2026 †x | LendingPoint | 8/07/2023 | 1009 | 1009 | 1014 |
| &nbsp;&nbsp;&nbsp; LAI-00840681, 19.620%, 9/10/2028 †x# | LendingPoint | 8/07/2023 | 12173 | 12173 | 11933 |
| &nbsp;&nbsp;&nbsp; LAI-00840746, 31.300%, 6/16/2028 †x# | LendingPoint | 8/07/2023 | 4053 | 4053 | 3940 |
| &nbsp;&nbsp;&nbsp; LAI-00842241, 30.460%, 8/08/2028 †x# | LendingPoint | 8/16/2023 | 28748 | 28748 | 4206 |
| &nbsp;&nbsp;&nbsp; LAI-00842242, 25.900%, 8/08/2027 †x | LendingPoint | 8/16/2023 | 10450 | 10450 | 10271 |
| &nbsp;&nbsp;&nbsp; LAI-00842259, 30.460%, 8/08/2028 †x | LendingPoint | 8/16/2023 | 3329 | 3329 | 3255 |
| &nbsp;&nbsp;&nbsp; LAI-00842452, 19.400%, 5/30/2027 †x | LendingPoint | 8/16/2023 | 32926 | 32926 | 32112 |
| &nbsp;&nbsp;&nbsp; LAI-00842498, 20.970%, 9/15/2028 †x | LendingPoint | 8/16/2023 | 9369 | 9369 | 8969 |
| &nbsp;&nbsp;&nbsp; LAI-00842528, 25.090%, 8/09/2028 †x | LendingPoint | 8/16/2023 | 472 | 472 | 463 |
| &nbsp;&nbsp;&nbsp; LAI-00842586, 18.000%, 8/18/2028 †x | LendingPoint | 8/16/2023 | 15848 | 15848 | 15094 |
| &nbsp;&nbsp;&nbsp; LAI-00842647, 23.370%, 8/10/2028 †x# | LendingPoint | 8/16/2023 | 2486 | 2486 | 2436 |
| &nbsp;&nbsp;&nbsp; LAI-00842669, 18.000%, 6/24/2028 †x# | LendingPoint | 8/16/2023 | 10052 | 10052 | 2076 |
| &nbsp;&nbsp;&nbsp; LAI-00842732, 18.000%, 8/10/2028 †x# | LendingPoint | 8/16/2023 | 15920 | 15920 | 15619 |
| &nbsp;&nbsp;&nbsp; LAI-00842796, 18.000%, 6/24/2028 †x | LendingPoint | 8/16/2023 | 3640 | 3640 | 3588 |
| &nbsp;&nbsp;&nbsp; LAI-00842838, 30.460%, 2/26/2026 †x^ | LendingPoint | 8/16/2023 | 5395 | 5395 | 4691 |
| &nbsp;&nbsp;&nbsp; LAI-00842981, 28.760%, 8/11/2027 †§x | LendingPoint | 8/17/2023 | 1818 | 1818 | 1801 |
| &nbsp;&nbsp;&nbsp; LAI-00843016, 22.890%, 8/11/2028 †x | LendingPoint | 8/17/2023 | 7611 | 7611 | 7291 |
| &nbsp;&nbsp;&nbsp; LAI-00843019, 19.950%, 7/26/2028 †x | LendingPoint | 8/17/2023 | 14945 | 14945 | 14654 |
| &nbsp;&nbsp;&nbsp; LAI-00843114, 29.940%, 10/01/2028 †x# | LendingPoint | 8/17/2023 | 2490 | 2490 | 2214 |
| &nbsp;&nbsp;&nbsp; LAI-00843165, 18.000%, 8/13/2028 †x# | LendingPoint | 8/17/2023 | 6103 | 6103 | 5988 |
| &nbsp;&nbsp;&nbsp; LAI-00843227, 30.460%, 8/14/2028 †x# | LendingPoint | 8/17/2023 | 6024 | 6024 | 569 |
| &nbsp;&nbsp;&nbsp; LAI-00843305, 28.010%, 8/14/2028 †x# | LendingPoint | 8/17/2023 | 9108 | 9108 | 8692 |
| &nbsp;&nbsp;&nbsp; LAI-00843317, 26.660%, 2/28/2026 †x^ | LendingPoint | 8/17/2023 | 2033 | 2033 | 1925 |
| &nbsp;&nbsp;&nbsp; LAI-00843443, 18.000%, 8/14/2028 †x | LendingPoint | 8/17/2023 | 9337 | 9337 | 8999 |
| &nbsp;&nbsp;&nbsp; LAI-00843450, 27.450%, 8/14/2028 †x | LendingPoint | 8/17/2023 | 17288 | 17288 | 16614 |
| &nbsp;&nbsp;&nbsp; LAI-00843477, 29.720%, 8/15/2027 †x# | LendingPoint | 8/17/2023 | 2810 | 2810 | 946 |
| &nbsp;&nbsp;&nbsp; LAI-00843544, 30.460%, 5/15/2030 †x | LendingPoint | 8/21/2023 | 5677 | 5677 | 5496 |
| &nbsp;&nbsp;&nbsp; LAI-00843553, 29.950%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 5743 | 5743 | 5478 |
| &nbsp;&nbsp;&nbsp; LAI-00843555, 28.760%, 6/26/2027 †x# | LendingPoint | 8/21/2023 | 5100 | 5100 | 4794 |
| &nbsp;&nbsp;&nbsp; LAI-00843559, 27.300%, 8/15/2027 †x | LendingPoint | 8/21/2023 | 5048 | 5048 | 4992 |
| &nbsp;&nbsp;&nbsp; LAI-00843566, 20.620%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 4376 | 4376 | 4294 |
| &nbsp;&nbsp;&nbsp; LAI-00843578, 28.760%, 8/15/2027 †§x | LendingPoint | 8/21/2023 | 2558 | 2558 | 2581 |
| &nbsp;&nbsp;&nbsp; LAI-00843579, 23.470%, 8/15/2027 †§x | LendingPoint | 8/21/2023 | 2381 | 2381 | 2351 |
| &nbsp;&nbsp;&nbsp; LAI-00843586, 26.560%, 1/16/2031 †x | LendingPoint | 8/21/2023 | 7112 | 7112 | 6685 |
| &nbsp;&nbsp;&nbsp; LAI-00843603, 29.720%, 8/15/2027 †x | LendingPoint | 8/21/2023 | 3967 | 3967 | 3909 |
| &nbsp;&nbsp;&nbsp; LAI-00843606, 23.900%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 17600 | 17600 | 4913 |
| &nbsp;&nbsp;&nbsp; LAI-00843610, 29.720%, 8/15/2027 †x | LendingPoint | 8/21/2023 | 11219 | 11219 | 11057 |
| &nbsp;&nbsp;&nbsp; LAI-00843612, 26.780%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 8323 | 8323 | 1218 |
| &nbsp;&nbsp;&nbsp; LAI-00843617, 23.360%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 4097 | 4097 | 1143 |
| &nbsp;&nbsp;&nbsp; LAI-00843621, 30.460%, 12/15/2028 †x | LendingPoint | 8/21/2023 | 10827 | 10827 | 10420 |
| &nbsp;&nbsp;&nbsp; LAI-00843628, 29.460%, 8/15/2027 †§x | LendingPoint | 8/21/2023 | 2239 | 2239 | 2206 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6315** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00843636, 23.060%, 9/22/2028 †x | LendingPoint | 8/21/2023 | $9455 | $9455 | $9300 |
| &nbsp;&nbsp;&nbsp; LAI-00843640, 20.250%, 8/15/2026 †§x | LendingPoint | 8/21/2023 | 913 | 913 | 917 |
| &nbsp;&nbsp;&nbsp; LAI-00843641, 18.000%, 9/10/2028 †x# | LendingPoint | 8/21/2023 | 15178 | 15178 | 14561 |
| &nbsp;&nbsp;&nbsp; LAI-00843642, 18.000%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 17358 | 17358 | 4912 |
| &nbsp;&nbsp;&nbsp; LAI-00843643, 26.120%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 4256 | 4256 | 4169 |
| &nbsp;&nbsp;&nbsp; LAI-00843644, 0.000%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 3 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; LAI-00843652, 28.500%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 29340 | 29340 | 28813 |
| &nbsp;&nbsp;&nbsp; LAI-00843656, 29.140%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 2783 | 2783 | 2728 |
| &nbsp;&nbsp;&nbsp; LAI-00843663, 18.000%, 8/15/2027 †§x | LendingPoint | 8/21/2023 | 2764 | 2764 | 2749 |
| &nbsp;&nbsp;&nbsp; LAI-00843664, 18.990%, 8/15/2027 †x | LendingPoint | 8/21/2023 | 3795 | 3795 | 3740 |
| &nbsp;&nbsp;&nbsp; LAI-00843666, 20.330%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 6240 | 6240 | 6012 |
| &nbsp;&nbsp;&nbsp; LAI-00843672, 28.760%, 8/15/2027 †§x | LendingPoint | 8/21/2023 | 2814 | 2814 | 2776 |
| &nbsp;&nbsp;&nbsp; LAI-00843675, 22.470%, 12/31/2026 †x# | LendingPoint | 8/21/2023 | 13984 | 13984 | 13507 |
| &nbsp;&nbsp;&nbsp; LAI-00843678, 21.000%, 5/24/2030 †x# | LendingPoint | 8/21/2023 | 12257 | 12257 | 1157 |
| &nbsp;&nbsp;&nbsp; LAI-00843680, 21.080%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 234 | 234 | 231 |
| &nbsp;&nbsp;&nbsp; LAI-00843684, 30.460%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 3651 | 3651 | 3564 |
| &nbsp;&nbsp;&nbsp; LAI-00843686, 31.040%, 10/30/2028 †x# | LendingPoint | 8/21/2023 | 5549 | 5549 | 5356 |
| &nbsp;&nbsp;&nbsp; LAI-00843690, 18.000%, 3/25/2029 †x# | LendingPoint | 8/21/2023 | 13638 | 13638 | 12879 |
| &nbsp;&nbsp;&nbsp; LAI-00843692, 29.720%, 8/15/2027 †x# | LendingPoint | 8/21/2023 | 2712 | 2712 | 256 |
| &nbsp;&nbsp;&nbsp; LAI-00843693, 28.370%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 4684 | 4684 | 4584 |
| &nbsp;&nbsp;&nbsp; LAI-00843697, 29.720%, 9/25/2027 †x# | LendingPoint | 8/21/2023 | 5342 | 5342 | 5266 |
| &nbsp;&nbsp;&nbsp; LAI-00843700, 28.050%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 6142 | 6142 | 5864 |
| &nbsp;&nbsp;&nbsp; LAI-00843708, 28.720%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 5470 | 5470 | 5221 |
| &nbsp;&nbsp;&nbsp; LAI-00843709, 26.490%, 11/05/2029 †x# | LendingPoint | 8/21/2023 | 17552 | 17552 | 3428 |
| &nbsp;&nbsp;&nbsp; LAI-00843713, 0.000%, 8/15/2027 †x | LendingPoint | 8/21/2023 | 4 | 4 | 4 |
| &nbsp;&nbsp;&nbsp; LAI-00843717, 19.620%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 4687 | 4687 | 4600 |
| &nbsp;&nbsp;&nbsp; LAI-00843726, 24.030%, 10/15/2028 †x# | LendingPoint | 8/21/2023 | 8860 | 8860 | 8491 |
| &nbsp;&nbsp;&nbsp; LAI-00843727, 22.830%, 8/15/2026 †§x | LendingPoint | 8/21/2023 | 823 | 823 | 828 |
| &nbsp;&nbsp;&nbsp; LAI-00843728, 29.510%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 9454 | 9454 | 9251 |
| &nbsp;&nbsp;&nbsp; LAI-00843730, 30.460%, 8/15/2028 †x | LendingPoint | 8/21/2023 | 12202 | 12202 | 11910 |
| &nbsp;&nbsp;&nbsp; LAI-00843734, 20.980%, 12/16/2025 †x#^ | LendingPoint | 8/21/2023 | 429 | 429 | 40 |
| &nbsp;&nbsp;&nbsp; LAI-00843738, 23.590%, 8/16/2028 †x | LendingPoint | 8/21/2023 | 12248 | 12248 | 12023 |
| &nbsp;&nbsp;&nbsp; LAI-00843742, 21.530%, 8/16/2028 †x | LendingPoint | 8/21/2023 | 12129 | 12129 | 11641 |
| &nbsp;&nbsp;&nbsp; LAI-00843748, 18.000%, 7/30/2026 †x# | LendingPoint | 8/21/2023 | 20673 | 20673 | 19986 |
| &nbsp;&nbsp;&nbsp; LAI-00843755, 30.460%, 8/16/2028 †x | LendingPoint | 8/21/2023 | 3339 | 3339 | 3186 |
| &nbsp;&nbsp;&nbsp; LAI-00843756, 28.620%, 8/16/2028 †x | LendingPoint | 8/21/2023 | 4872 | 4872 | 4770 |
| &nbsp;&nbsp;&nbsp; LAI-00843757, 18.000%, 10/26/2026 †x# | LendingPoint | 8/21/2023 | 19066 | 19066 | 18377 |
| &nbsp;&nbsp;&nbsp; LAI-00843758, 21.860%, 8/16/2028 †x# | LendingPoint | 8/21/2023 | 3648 | 3648 | 344 |
| &nbsp;&nbsp;&nbsp; LAI-00843763, 26.270%, 11/16/2028 †x# | LendingPoint | 8/21/2023 | 25942 | 25942 | 25161 |
| &nbsp;&nbsp;&nbsp; LAI-00843771, 19.620%, 8/16/2028 †x# | LendingPoint | 8/21/2023 | 5483 | 5483 | 5383 |
| &nbsp;&nbsp;&nbsp; LAI-00843774, 30.430%, 10/16/2030 †x# | LendingPoint | 8/21/2023 | 9479 | 9479 | 9216 |
| &nbsp;&nbsp;&nbsp; LAI-00843777, 28.760%, 8/16/2027 †§x | LendingPoint | 8/21/2023 | 2576 | 2576 | 2544 |
| &nbsp;&nbsp;&nbsp; LAI-00843779, 18.000%, 8/16/2028 †x# | LendingPoint | 8/21/2023 | 2897 | 2897 | 2845 |
| &nbsp;&nbsp;&nbsp; LAI-00843783, 18.000%, 8/16/2028 †x | LendingPoint | 8/21/2023 | 10580 | 10580 | 10144 |
| &nbsp;&nbsp;&nbsp; LAI-00843786, 30.460%, 8/16/2028 †x# | LendingPoint | 8/21/2023 | 8158 | 8158 | 7967 |
| &nbsp;&nbsp;&nbsp; LAI-00843790, 28.760%, 8/16/2027 †x# | LendingPoint | 8/21/2023 | 4384 | 4384 | 1477 |
| &nbsp;&nbsp;&nbsp; LAI-00843812, 18.000%, 10/30/2028 †x | LendingPoint | 8/22/2023 | 10951 | 10951 | 10304 |
| &nbsp;&nbsp;&nbsp; LAI-00843815, 18.000%, 8/16/2028 †x# | LendingPoint | 8/22/2023 | 21796 | 21796 | 2058 |
| &nbsp;&nbsp;&nbsp; LAI-00843827, 29.460%, 8/16/2028 †x | LendingPoint | 8/22/2023 | 8254 | 8254 | 7879 |
| &nbsp;&nbsp;&nbsp; LAI-00843834, 27.490%, 8/16/2026 †§x | LendingPoint | 8/22/2023 | 684 | 684 | 697 |
| &nbsp;&nbsp;&nbsp; LAI-00843839, 29.050%, 8/16/2028 †x | LendingPoint | 8/22/2023 | 10431 | 10431 | 10191 |
| &nbsp;&nbsp;&nbsp; LAI-00843849, 25.640%, 12/16/2028 †x | LendingPoint | 8/22/2023 | 7453 | 7453 | 7038 |
| &nbsp;&nbsp;&nbsp; LAI-00843850, 28.760%, 8/16/2027 †§x | LendingPoint | 8/22/2023 | 2558 | 2558 | 2582 |
| &nbsp;&nbsp;&nbsp; LAI-00843873, 20.530%, 8/16/2027 †§x | LendingPoint | 8/22/2023 | 499 | 499 | 491 |
| &nbsp;&nbsp;&nbsp; LAI-00843877, 28.760%, 8/16/2027 †x# | LendingPoint | 8/22/2023 | 1120 | 1120 | 383 |
| &nbsp;&nbsp;&nbsp; LAI-00843891, 24.800%, 1/23/2028 †x# | LendingPoint | 8/22/2023 | 5842 | 5842 | 1301 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6316** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; LAI-00843893, 30.800%, 1/24/2031 †x# | LendingPoint | 8/22/2023 | $32421 | $32421 | $6718 |
| &nbsp;&nbsp;&nbsp; LAI-00843894, 23.220%, 8/16/2028 †x | LendingPoint | 8/22/2023 | 8535 | 8535 | 8166 |
| &nbsp;&nbsp;&nbsp; LAI-00843904, 18.000%, 12/05/2029 †x# | LendingPoint | 8/22/2023 | 19994 | 19994 | 5098 |
| &nbsp;&nbsp;&nbsp; LAI-00843916, 21.640%, 8/16/2028 †x | LendingPoint | 8/22/2023 | 2150 | 2150 | 2063 |
| &nbsp;&nbsp;&nbsp; LAI-00843931, 18.000%, 8/16/2028 †x | LendingPoint | 8/22/2023 | 18242 | 18242 | 17927 |
| &nbsp;&nbsp;&nbsp; LAI-00843932, 28.540%, 1/05/2031 †x# | LendingPoint | 8/22/2023 | 5110 | 5110 | 482 |
| &nbsp;&nbsp;&nbsp; LAI-00843941, 18.000%, 10/29/2026 †x | LendingPoint | 8/22/2023 | 19788 | 19788 | 18495 |
| &nbsp;&nbsp;&nbsp; LAI-00843944, 26.490%, 8/16/2026 †x | LendingPoint | 8/22/2023 | 1467 | 1467 | 1483 |
| &nbsp;&nbsp;&nbsp; LAI-00843945, 29.040%, 7/31/2028 †x | LendingPoint | 8/22/2023 | 14915 | 14915 | 14233 |
| &nbsp;&nbsp;&nbsp; LAI-00843946, 30.120%, 8/16/2027 †§x | LendingPoint | 8/22/2023 | 2797 | 2797 | 2823 |
| &nbsp;&nbsp;&nbsp; LAI-00843955, 29.950%, 8/16/2028 †x# | LendingPoint | 8/22/2023 | 14070 | 14070 | 1328 |
| &nbsp;&nbsp;&nbsp; LAI-00843969, 30.000%, 8/16/2028 †§x | LendingPoint | 8/22/2023 | 32 | 32 |  |
| &nbsp;&nbsp;&nbsp; LAI-00843972, 23.290%, 8/16/2028 †x | LendingPoint | 8/22/2023 | 17415 | 17415 | 16663 |
| &nbsp;&nbsp;&nbsp; LAI-00843986, 28.560%, 8/17/2027 †§x# | LendingPoint | 8/22/2023 | 2927 | 2927 | 2890 |
| &nbsp;&nbsp;&nbsp; LAI-00843998, 28.760%, 2/28/2026 †x^ | LendingPoint | 8/22/2023 | 6111 | 6214 | 5644 |
| &nbsp;&nbsp;&nbsp; LAI-00844001, 28.760%, 8/17/2027 †x | LendingPoint | 8/22/2023 | 2257 | 2257 | 2281 |
| &nbsp;&nbsp;&nbsp; LAI-00844004, 18.250%, 8/17/2027 †x# | LendingPoint | 8/22/2023 | 2231 | 2231 | 211 |
| &nbsp;&nbsp;&nbsp; LAI-00844008, 29.030%, 11/17/2028 †x | LendingPoint | 8/22/2023 | 9110 | 9110 | 8778 |
| &nbsp;&nbsp;&nbsp; LAI-00844027, 26.890%, 8/17/2027 †x# | LendingPoint | 8/22/2023 | 4583 | 4583 | 4554 |
| &nbsp;&nbsp;&nbsp; LAI-00844031, 28.760%, 8/17/2027 †x | LendingPoint | 8/22/2023 | 4837 | 4837 | 4619 |
| &nbsp;&nbsp;&nbsp; LAI-00844038, 29.510%, 8/17/2028 †x# | LendingPoint | 8/22/2023 | 11656 | 11656 | 11364 |
| &nbsp;&nbsp;&nbsp; LAI-00844041, 18.000%, 8/17/2028 †x | LendingPoint | 8/22/2023 | 2638 | 2638 | 2593 |
| &nbsp;&nbsp;&nbsp; LAI-00844054, 26.130%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 4827 | 4827 | 4618 |
| &nbsp;&nbsp;&nbsp; LAI-00844059, 31.040%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 12201 | 12201 | 11919 |
| &nbsp;&nbsp;&nbsp; LAI-00844060, 18.000%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 8446 | 8446 | 8100 |
| &nbsp;&nbsp;&nbsp; LAI-00844068, 0.000%, 8/17/2027 †x | LendingPoint | 8/22/2023 | 101 | 101 | 101 |
| &nbsp;&nbsp;&nbsp; LAI-00844097, 21.000%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 14272 | 14272 | 13986 |
| &nbsp;&nbsp;&nbsp; LAI-00844100, 19.680%, 11/17/2028 †x# | LendingPoint | 8/23/2023 | 10309 | 10309 | 2387 |
| &nbsp;&nbsp;&nbsp; LAI-00844132, 18.000%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 10456 | 10456 | 10279 |
| &nbsp;&nbsp;&nbsp; LAI-00844145, 29.720%, 11/17/2027 †x# | LendingPoint | 8/23/2023 | 4531 | 4531 | 4388 |
| &nbsp;&nbsp;&nbsp; LAI-00844146, 19.590%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 8328 | 8328 | 8185 |
| &nbsp;&nbsp;&nbsp; LAI-00844150, 24.370%, 10/17/2026 †x# | LendingPoint | 8/23/2023 | 2070 | 2070 | 2098 |
| &nbsp;&nbsp;&nbsp; LAI-00844158, 30.390%, 8/17/2027 †x | LendingPoint | 8/23/2023 | 11166 | 11166 | 11019 |
| &nbsp;&nbsp;&nbsp; LAI-00844174, 18.000%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 18242 | 18242 | 17932 |
| &nbsp;&nbsp;&nbsp; LAI-00844194, 30.220%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 7382 | 7382 | 7238 |
| &nbsp;&nbsp;&nbsp; LAI-00844198, 25.090%, 8/17/2028 †x | LendingPoint | 8/23/2023 | 13802 | 13802 | 13203 |
| &nbsp;&nbsp;&nbsp; LAI-00844215, 21.000%, 8/18/2028 †x | LendingPoint | 8/23/2023 | 21528 | 21528 | 21108 |
| &nbsp;&nbsp;&nbsp; LAI-00844225, 28.590%, 8/18/2028 †x | LendingPoint | 8/23/2023 | 1623 | 1623 | 1592 |
| &nbsp;&nbsp;&nbsp; LAI-00844226, 20.060%, 9/25/2028 †x# | LendingPoint | 8/23/2023 | 9537 | 9537 | 9175 |
| &nbsp;&nbsp;&nbsp; LAI-00844240, 19.250%, 8/18/2028 †x | LendingPoint | 8/23/2023 | 11509 | 11509 | 11323 |
| &nbsp;&nbsp;&nbsp; LAI-00844241, 21.250%, 8/18/2028 †x | LendingPoint | 8/23/2023 | 3367 | 3367 | 3300 |
| &nbsp;&nbsp;&nbsp; RFBB001, 0.000%, 11/01/2031 †x#¡ | RockFence | 10/17/2016 | 1857716 | 1888802 |  |
| &nbsp;&nbsp;&nbsp; RFBB006, 12.950%, (PIK: 9.27%) 5/12/2047 †x¡ | RockFence | 5/12/2017 | 6288511 | 6264827 | 4046657 |
| &nbsp;&nbsp;&nbsp; RFBB011, 3.000%, (PIK: 2.04%) 7/20/2047 †x¡ | RockFence | 7/20/2017 | 10321778 | 10297505 | 1689675 |
| &nbsp;&nbsp;&nbsp; RFBB012, 0.000%, 8/11/2047 †x#¡ | RockFence | 8/11/2017 | 6841127 | 6935616 |  |
| &nbsp;&nbsp;&nbsp; RFBB017, 0.000%, 12/22/2047 †x#¡ | RockFence | 12/22/2017 | 822249 | 820346 |  |
| &nbsp;&nbsp;&nbsp; RFBB022, 0.000%, 12/31/2031 †x#¡ | RockFence | 1/19/2018 | 2517417 | 2557917 |  |
| &nbsp;&nbsp;&nbsp; RFBB026, 0.000%, 3/09/2048 †x#¡ | RockFence | 3/09/2018 | 3392902 | 3462990 |  |
| &nbsp;&nbsp;&nbsp; RFBB029, 0.000%, 7/31/2026 †x#¡ | RockFence | 5/15/2018 | 4872170 | 4900513 |  |
| &nbsp;&nbsp;&nbsp; RFBB031, 10.500%, (PIK: 5.67%) 8/31/2029 †x¡ | RockFence | 6/29/2018 | 2346171 | 2341211 | 2431572 |
| &nbsp;&nbsp;&nbsp; RFBB033, 3.250%, (PIK: 2.69%) 7/13/2048 †x¡ | RockFence | 7/13/2018 | 9806581 | 9796317 | 439335 |
| &nbsp;&nbsp;&nbsp; RFBB034, 16.000%, (PIK: 13.98%) 8/14/2026 †x¡ | RockFence | 7/13/2018 | 7047380 | 7014216 | 116987 |
| &nbsp;&nbsp;&nbsp; RFBB035, 14.880%, (PIK: 10.73%) 4/30/2027 †x¡ | RockFence | 7/20/2018 | 2445818 | 2437498 | 2112453 |
| &nbsp;&nbsp;&nbsp; RFBB039, 12.500%, (PIK: 8.97%) 7/15/2028 †x¡ | RockFence | 9/19/2018 | 4653151 | 4640517 | 78638 |
| &nbsp;&nbsp;&nbsp; RFBB040, 11.250%, (PIK: 5.37%) 6/15/2026 †x¡ | RockFence | 10/05/2018 | 1055104 | 1054737 | 1054576 |
| &nbsp;&nbsp;&nbsp; RFBB041, 11.750%, (PIK: 6.63%) 9/30/2026 †x¡ | RockFence | 10/26/2018 | 2373528 | 2368126 | 2372341 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6317** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RFBB043, 13.000%, (PIK: 8.15%) 11/09/2048 †x¡ | RockFence | 11/09/2018 | $1928140 | $1919227 | $1126805 |
| &nbsp;&nbsp;&nbsp; RFBB044, 14.000%, (PIK: 8.01%) 1/25/2049 †x¡ | RockFence | 1/25/2019 | 3079272 | 3067988 | 3034314 |
| &nbsp;&nbsp;&nbsp; RFBB047, 13.000%, (PIK: 11.32%) 9/30/2029 †x¡ | RockFence | 3/29/2019 | 9475801 | 9440893 | 2765986 |
| &nbsp;&nbsp;&nbsp; RFBB048, 0.000%, 3/22/2049 †x#¡ | RockFence | 3/22/2019 | 728269 | 743018 |  |
| &nbsp;&nbsp;&nbsp; RFBB050, 12.980%, (PIK: 9.81%) 5/30/2028 †x¡ | RockFence | 5/10/2019 | 3674733 | 3670219 | 1946506 |
| &nbsp;&nbsp;&nbsp; RFBB052, 11.800%, (PIK: 7.13%) 9/15/2027 †x¡ | RockFence | 8/02/2019 | 1701570 | 1698492 | 1711610 |
| &nbsp;&nbsp;&nbsp; RFBB052-2, 12.500%, (PIK: 12.5%) 9/24/2027 †x¡ | RockFence | 3/21/2025 | 284079 | 274911 | 289420 |
| &nbsp;&nbsp;&nbsp; RFBB055-2, 12.500%, (PIK: 6.63%) 9/30/2026 †x¡ | RockFence | 4/14/2023 | 634916 | 635318 | 641646 |
| &nbsp;&nbsp;&nbsp; RFBB056, 12.750%, (PIK: 10.64%) 8/15/2029 †x¡ | RockFence | 8/30/2019 | 5215386 | 5199627 | 2673407 |
| &nbsp;&nbsp;&nbsp; RFBB058, 0.000%, 9/28/2029 †x#¡ | RockFence | 9/06/2019 | 2014452 | 2030699 | 1047112 |
| &nbsp;&nbsp;&nbsp; RFBB060, 0.000%, 9/30/2026 †x#¡ | RockFence | 9/27/2019 | 1337321 | 1348485 |  |
| &nbsp;&nbsp;&nbsp; RFBB062, 0.000%, 9/30/2026 †x#¡ | RockFence | 10/11/2019 | 2165388 | 2209578 |  |
| &nbsp;&nbsp;&nbsp; RFBB063, 12.500%, (PIK: 5.89%) 9/30/2026 †x¡ | RockFence | 10/04/2019 | 319923 | 319626 | 320211 |
| &nbsp;&nbsp;&nbsp; RFBB063-2, 12.250%, (PIK: 6.6%) 8/31/2026 †x¡ | RockFence | 7/24/2020 | 2550979 | 2546238 | 2560162 |
| &nbsp;&nbsp;&nbsp; RFBB064, 12.910%, (PIK: 10.22%) 9/30/2029 †x¡ | RockFence | 10/18/2019 | 3261585 | 3185011 | 3288982 |
| &nbsp;&nbsp;&nbsp; RFBB065, 16.000%, (PIK: 10.67%) 9/15/2026 †x¡ | RockFence | 10/18/2019 | 1120822 | 1113998 | 864378 |
| &nbsp;&nbsp;&nbsp; RFBB067, 12.750%, (PIK: 6.61%) 6/15/2028 †x¡ | RockFence | 11/22/2019 | 1516503 | 1511933 | 609179 |
| &nbsp;&nbsp;&nbsp; RFBB067-2, 12.750%, (PIK: 6.27%) 8/14/2026 †x¡ | RockFence | 7/31/2020 | 1022912 | 1021166 | 753375 |
| &nbsp;&nbsp;&nbsp; RFBB068, 13.000%, (PIK: 7.11%) 6/15/2027 †x¡ | RockFence | 11/22/2019 | 2158503 | 2160284 | 2156129 |
| &nbsp;&nbsp;&nbsp; RFBB069, 14.000%, (PIK: 10.87%) 9/30/2033 †x¡ | RockFence | 11/29/2019 | 1650191 | 1644895 | 457433 |
| &nbsp;&nbsp;&nbsp; RFBB070, 14.000%, (PIK: 9.54%) 9/30/2027 †x¡ | RockFence | 12/13/2019 | 1454198 | 1446797 | 1466849 |
| &nbsp;&nbsp;&nbsp; RFBB071, 12.570%, (PIK: 8.76%) 9/30/2028 †x¡ | RockFence | 2/14/2020 | 2344455 | 2311327 | 2370713 |
| &nbsp;&nbsp;&nbsp; RFBB074, 11.600%, (PIK: 6.42%) 9/30/2026 †x¡ | RockFence | 3/20/2020 | 1143175 | 1139698 | 1146605 |
| &nbsp;&nbsp;&nbsp; RFBB078, 13.720%, (PIK: 8.40%) 8/15/2029 †x¡ | RockFence | 7/31/2020 | 1913630 | 1838164 | 1941569 |
| &nbsp;&nbsp;&nbsp; RFBB080, 0.000%, 9/03/2050 †x#¡ | RockFence | 9/04/2020 | 297855 | 290064 |  |
| &nbsp;&nbsp;&nbsp; RFBB083, 13.750%, (PIK: 6.71%) 9/30/2026 †x¡ | RockFence | 9/18/2020 | 242933 | 241335 | 243638 |
| &nbsp;&nbsp;&nbsp; RFBB085, 14.000%, (PIK: 7.46%) 8/31/2026 †x¡ | RockFence | 9/30/2020 | 586571 | 584071 | 239145 |
| &nbsp;&nbsp;&nbsp; RFBB086, 12.000%, (PIK: 7.48%) 8/15/2027 †x¡ | RockFence | 12/18/2020 | 270389 | 270268 | 271308 |
| &nbsp;&nbsp;&nbsp; RFBB087, 12.250%, (PIK: 11.55%) 1/08/2051 †x¡ | RockFence | 1/08/2021 | 3872287 | 3858797 | 901856 |
| &nbsp;&nbsp;&nbsp; RFBB089, 11.840%, (PIK: 9.93%) 1/29/2051 †x¡ | RockFence | 1/29/2021 | 2948286 | 2940648 | 404800 |
| &nbsp;&nbsp;&nbsp; RFBB090, 12.080%, (PIK: 11.69%) 1/29/2051 †x¡ | RockFence | 1/29/2021 | 1944054 | 1936634 | 212679 |
| &nbsp;&nbsp;&nbsp; RFBB091, 12.000%, (PIK: 9.55%) 9/30/2027 †x¡ | RockFence | 3/31/2021 | 599035 | 598523 | 601851 |
| &nbsp;&nbsp;&nbsp; RFBB092, 11.890%, (PIK: 9.28%) 4/15/2029 †x¡ | RockFence | 6/30/2021 | 369506 | 362463 | 373090 |
| &nbsp;&nbsp;&nbsp; RFBB093, 11.890%, (PIK: 11.18%) 7/30/2030 †x¡ | RockFence | 6/30/2021 | 881389 | 861438 | 262125 |
| &nbsp;&nbsp;&nbsp; RFBB095, 13.000%, (PIK: 12.78%) 4/30/2029 †x¡ | RockFence | 8/13/2021 | 1280532 | 1262132 | 898678 |
| &nbsp;&nbsp;&nbsp; RFBB096, 12.080%, (PIK: 9.43%) 7/30/2028 †x¡ | RockFence | 8/13/2021 | 2493747 | 2492107 | 2512450 |
| &nbsp;&nbsp;&nbsp; RFBB097, 13.200%, (PIK: 11.03%) 7/15/2029 †x¡ | RockFence | 9/03/2021 | 924084 | 919919 | 855055 |
| &nbsp;&nbsp;&nbsp; RFBB098, 13.750%, (PIK: 8.54%) 9/10/2051 †x¡ | RockFence | 9/10/2021 | 2533962 | 2511499 | 507 |
| &nbsp;&nbsp;&nbsp; RFBB101, 12.330%, (PIK: 10.46%) 7/15/2029 †x¡ | RockFence | 11/12/2021 | 1151282 | 1151122 | 470414 |
| &nbsp;&nbsp;&nbsp; RFBB102, 12.000%, (PIK: 10.01%) 12/10/2051 †x¡ | RockFence | 12/10/2021 | 685307 | 684827 | 97039 |
| &nbsp;&nbsp;&nbsp; RFBB103, 11.730%, (PIK: 5.78%) 8/28/2026 †x¡ | RockFence | 12/23/2021 | 280035 | 279728 | 280931 |
| &nbsp;&nbsp;&nbsp; RFBB104, 13.000%, (PIK: 10.15%) 9/30/2026 †x¡ | RockFence | 2/11/2022 | 326011 | 326046 | 328294 |
| &nbsp;&nbsp;&nbsp; RFBB106, 11.800%, (PIK: 5.59%) 9/15/2027 †x¡ | RockFence | 3/15/2022 | 1737057 | 1741040 | 1750780 |
| &nbsp;&nbsp;&nbsp; RFBB107, 13.410%, (PIK: 8.39%) 9/30/2028 †x¡ | RockFence | 7/01/2022 | 978404 | 975533 | 989558 |
| &nbsp;&nbsp;&nbsp; RFBB108, 12.000%, (PIK: 5.58%) 6/30/2027 †x¡ | RockFence | 6/03/2022 | 436883 | 435006 | 438018 |
| &nbsp;&nbsp;&nbsp; RFBB109, 12.350%, (PIK: 8.52%) 9/29/2028 †x¡ | RockFence | 7/01/2022 | 1390893 | 1388050 | 974320 |
| &nbsp;&nbsp;&nbsp; RFBB110, 12.500%, (PIK: 10.88%) 8/30/2028 †x¡ | RockFence | 7/15/2022 | 888515 | 876305 | 897577 |
| &nbsp;&nbsp;&nbsp; RFBB111, 14.000%, (PIK: 11.11%) 9/29/2028 †x¡ | RockFence | 8/12/2022 | 212126 | 211928 | 214417 |
| &nbsp;&nbsp;&nbsp; RFBB112, 13.500%, (PIK: 8.62%) 8/18/2028 †x¡ | RockFence | 9/02/2022 | 924166 | 924433 | 934609 |
| &nbsp;&nbsp;&nbsp; RFBB113, 0.000%, 9/24/2027 †x#¡ | RockFence | 9/02/2022 | 585472 | 581481 |  |
| &nbsp;&nbsp;&nbsp; RFBB114, 12.890%, (PIK: 7.39%) 9/10/2027 †x¡ | RockFence | 9/16/2022 | 197032 | 196618 | 198589 |
| &nbsp;&nbsp;&nbsp; RFBB116, 0.000%, 9/15/2028 †x#¡ | RockFence | 9/23/2022 | 510728 | 507923 |  |
| &nbsp;&nbsp;&nbsp; RFBB117, 13.500%, (PIK: 10.42%) 9/01/2028 †x¡ | RockFence | 9/23/2022 | 512526 | 511393 | 397156 |
| &nbsp;&nbsp;&nbsp; RFBB118, 13.180%, (PIK: 8.59%) 8/03/2029 †x¡ | RockFence | 9/30/2022 | 1056829 | 1054438 | 1071519 |
| &nbsp;&nbsp;&nbsp; RFBB123, 0.000%, 9/28/2029 †x#¡ | RockFence | 1/20/2023 | 864845 | 861086 | 371970 |
| &nbsp;&nbsp;&nbsp; RFBB124, 12.960%, (PIK: 10.51%) 8/15/2029 †x¡ | RockFence | 1/20/2023 | 2361956 | 2362746 | 2390536 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6318** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.01% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; RFBB125, 11.920%, (PIK: 7.59%) 7/15/2029 †x¡ | RockFence | 3/31/2023 | $148398 | $147780 | $150757 |
| &nbsp;&nbsp;&nbsp; RFBB126, 12.880%, (PIK: 8.01%) 8/04/2028 †x¡ | RockFence | 5/31/2023 | 531875 | 527143 | 537991 |
| &nbsp;&nbsp;&nbsp; RFBB127, 13.210%, (PIK: 7.17%) 9/30/2028 †x¡ | RockFence | 6/09/2023 | 174422 | 171129 | 176916 |
| &nbsp;&nbsp;&nbsp; RFBB128, 13.380%, (PIK: 7.90%) 9/29/2028 †x¡ | RockFence | 6/16/2023 | 220432 | 217783 | 223430 |
| &nbsp;&nbsp;&nbsp; RFBB129, 13.280%, (PIK: 10.02%) 5/24/2030 †x¡ | RockFence | 8/04/2023 | 1061699 | 1058078 | 1079854 |
| &nbsp;&nbsp;&nbsp; RFBB130, 13.750%, (PIK: 8.93%) 8/02/2030 †x¡ | RockFence | 9/01/2023 | 509407 | 501821 | 519646 |
| &nbsp;&nbsp;&nbsp; RFBB131-2, 9.150%, 3/31/2032 †x¡ | RockFence | 3/14/2025 | 5538953 | 5570583 | 5569418 |
| &nbsp;&nbsp;&nbsp; RFBB132, 14.500%, (PIK: 13.28%) 7/19/2030 †x¡ | RockFence | 10/06/2023 | 569860 | 556423 | 580117 |
| &nbsp;&nbsp;&nbsp; RFBB133, 14.250%, (PIK: 9.12%) 9/24/2027 †x¡ | RockFence | 12/15/2023 | 213531 | 215366 | 215773 |
| &nbsp;&nbsp;&nbsp; RFBB134, 13.550%, (PIK: 9.54%) 9/30/2029 †x¡ | RockFence | 5/17/2024 | 547696 | 558439 | 557829 |
| &nbsp;&nbsp;&nbsp; RFBB135, 14.500%, (PIK: 8.98%) 9/14/2029 †x¡ | RockFence | 6/14/2024 | 191768 | 195878 | 195565 |
| &nbsp;&nbsp;&nbsp; RFBB137, 14.500%, (PIK: 8.09%) 9/30/2029 †x¡ | RockFence | 9/13/2024 | 151444 | 155070 | 154655 |
| &nbsp;&nbsp;&nbsp; RFBB138, 13.000%, (PIK: 6.70%) 6/08/2029 †x¡ | RockFence | 9/13/2024 | 555641 | 567757 | 566310 |
| &nbsp;&nbsp;&nbsp; RFBB139, 13.000%, (PIK: 6.63%) 8/02/2030 †x¡ | RockFence | 9/20/2024 | 301483 | 309067 | 308357 |
| &nbsp;&nbsp;&nbsp; RFBB140, 12.690%, (PIK: 6.55%) 8/31/2029 †x¡ | RockFence | 10/31/2024 | 647090 | 661246 | 660808 |
| &nbsp;&nbsp;&nbsp; RFBB142, 13.000%, (PIK: 8.32%) 4/30/2027 †x¡ | RockFence | 4/25/2025 | 1555649 | 1569318 | 1576028 |
| &nbsp;&nbsp;&nbsp; RFBB143, 13.890%, (PIK: 13.47%) 9/30/2031 †x¡ | RockFence | 7/11/2025 | 627997 | 571691 | 570661 |
| &nbsp;&nbsp;&nbsp; RFBB144, 10.500%, (PIK: 10.50%) 9/30/2027 †x¡ | RockFence | 12/15/2025 | 354695 | 356400 | 356150 |
| &nbsp;&nbsp;&nbsp; RFBSKT001, 11.090%, (PIK: 2.55%) 4/30/2027 †x¡ | RockFence | 7/12/2019 | 697964 | 697888 | 710597 |
| **Total Consumer Loans** |  |  |  | **189068965** | **99513357** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6319** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **Small Business Loans - 7.58%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 7.58%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 12JBU3RP, 12.000%, 2/07/2027 †‡§∑ | Unchained | 2/13/2026 | $250000 | $250000 | $250000 |
| &nbsp;&nbsp;&nbsp; 13YXQ92Q, 12.000%, 1/10/2027 †‡§∑ | Unchained | 1/16/2026 | 169091 | 169091 | 169091 |
| &nbsp;&nbsp;&nbsp; 1681M632, 12.000%, 1/24/2027 †‡§#∑ | Unchained | 2/02/2026 | 252589 | 252589 | 252589 |
| &nbsp;&nbsp;&nbsp; 1N77HYMA, 13.000%, 7/17/2026 †‡§#∑ | Unchained | 7/24/2025 | 196000 | 196000 | 196756 |
| &nbsp;&nbsp;&nbsp; 1NH8M84T, 12.000%, 2/14/2027 †‡§∑ | Unchained | 2/20/2026 | 258037 | 258037 | 258037 |
| &nbsp;&nbsp;&nbsp; 1TRWP74M, 13.000%, 9/04/2026 †‡§∑ | Unchained | 9/10/2025 | 687257 | 687257 | 690723 |
| &nbsp;&nbsp;&nbsp; 2RUMTKEP, 13.000%, 6/18/2026 †‡§#∑ | Unchained | 6/24/2025 | 117914 | 117914 | 118279 |
| &nbsp;&nbsp;&nbsp; 2UAWQBHT, 13.000%, 8/02/2026 †‡§#∑ | Unchained | 8/08/2025 | 170123 | 170123 | 170841 |
| &nbsp;&nbsp;&nbsp; 38UF31WJ, 12.000%, 1/03/2027 †‡§#∑ | Unchained | 1/09/2026 | 154646 | 154646 | 154646 |
| &nbsp;&nbsp;&nbsp; 3EPTYM7A, 12.000%, 2/19/2027 †‡§∑ | Unchained | 2/25/2026 | 1025836 | 1025836 | 1025836 |
| &nbsp;&nbsp;&nbsp; 3NAWFKRA, 13.000%, 6/04/2026 †‡§#∑ | Unchained | 6/11/2025 | 371017 | 371017 | 372026 |
| &nbsp;&nbsp;&nbsp; 3UW73FQD, 12.000%, 1/07/2027 †‡§#∑ | Unchained | 1/13/2026 | 226814 | 226814 | 226814 |
| &nbsp;&nbsp;&nbsp; 471453, 44.400%, 10/18/2027 †x# | BlueVine | 12/26/2019 | 411 | 411 | 401 |
| &nbsp;&nbsp;&nbsp; 4JPJ9M9M, 13.000%, 5/24/2026 †‡§#∑ | Unchained | 6/02/2025 | 150000 | 150000 | 150363 |
| &nbsp;&nbsp;&nbsp; 4R9553NY, 14.000%, 3/29/2026 †‡§#∑ | Unchained | 4/07/2025 | 350000 | 350000 | 350678 |
| &nbsp;&nbsp;&nbsp; 4YTP9KA3, 12.000%, 2/18/2027 †‡§∑ | Unchained | 2/24/2026 | 73000 | 73000 | 73000 |
| &nbsp;&nbsp;&nbsp; 51L6CWFM, 12.000%, 12/04/2026 †‡§∑ | Unchained | 12/16/2025 | 4000000 | 4000000 | 4000000 |
| &nbsp;&nbsp;&nbsp; 5FNLTNTB, 13.000%, 6/27/2026 †‡§∑ | Unchained | 7/03/2025 | 4500000 | 4500000 | 4514906 |
| &nbsp;&nbsp;&nbsp; 5JKRRBE1, 12.000%, 11/15/2026 †‡§#∑ | Unchained | 11/21/2025 | 400000 | 400000 | 400000 |
| &nbsp;&nbsp;&nbsp; 5UW76DN7, 14.000%, 4/23/2026 †‡§#∑ | Unchained | 4/29/2025 | 1500000 | 1500000 | 1504810 |
| &nbsp;&nbsp;&nbsp; 62X86AUR, 14.000%, 3/28/2026 †‡§#∑ | Unchained | 4/04/2025 | 150000 | 150000 | 150283 |
| &nbsp;&nbsp;&nbsp; 647453, 22.200%, 3/18/2025 †x#^ | BlueVine | 11/23/2021 | 309 | 321 | 46 |
| &nbsp;&nbsp;&nbsp; 655126, 27.000%, 4/03/2023 †x#^ | BlueVine | 1/20/2022 | 2323 | 2408 | 348 |
| &nbsp;&nbsp;&nbsp; 655791, 27.000%, 4/13/2023 †x#^ | BlueVine | 1/26/2022 | 10013 | 10414 | 1502 |
| &nbsp;&nbsp;&nbsp; 657291, 34.680%, 7/13/2023 †x#^ | BlueVine | 7/19/2022 | 1940 | 2018 | 291 |
| &nbsp;&nbsp;&nbsp; 657670, 57.240%, 3/21/2024 †x#^ | BlueVine | 2/18/2022 | 4773 | 4964 | 716 |
| &nbsp;&nbsp;&nbsp; 658806, 42.960%, 2/27/2023 †x#^ | BlueVine | 3/01/2022 | 10180 | 10587 | 1527 |
| &nbsp;&nbsp;&nbsp; 659518, 27.000%, 2/16/2023 †x#^ | BlueVine | 3/08/2022 | 5236 | 5445 | 785 |
| &nbsp;&nbsp;&nbsp; 660168, 27.000%, 3/20/2023 †x#^ | BlueVine | 3/15/2022 | 470 | 488 | 70 |
| &nbsp;&nbsp;&nbsp; 660487, 32.520%, 3/15/2023 †x#^ | BlueVine | 3/18/2022 | 1404 | 1460 | 211 |
| &nbsp;&nbsp;&nbsp; 661513, 30.000%, 9/28/2023 †x#^ | BlueVine | 3/30/2022 | 2265 | 2355 | 340 |
| &nbsp;&nbsp;&nbsp; 661647, 22.200%, 1/08/2024 †x#^ | BlueVine | 4/01/2022 | 5849 | 6083 | 877 |
| &nbsp;&nbsp;&nbsp; 661840, 42.960%, 3/25/2024 †x#^ | BlueVine | 4/04/2022 | 3420 | 3556 | 513 |
| &nbsp;&nbsp;&nbsp; 662826, 30.000%, 10/16/2023 †x#^ | BlueVine | 4/14/2022 | 20034 | 20836 | 3005 |
| &nbsp;&nbsp;&nbsp; 663414, 57.240%, 4/14/2023 †x#^ | BlueVine | 4/21/2022 | 12616 | 13121 | 1892 |
| &nbsp;&nbsp;&nbsp; 663617, 42.960%, 4/10/2023 †x#^ | BlueVine | 4/25/2022 | 9263 | 9633 | 1389 |
| &nbsp;&nbsp;&nbsp; 663758, 57.240%, 6/01/2023 †x#^ | BlueVine | 4/27/2022 | 840 | 873 | 126 |
| &nbsp;&nbsp;&nbsp; 664253, 57.200%, 3/24/2023 †x#^ | BlueVine | 5/02/2022 | 3259 | 3389 | 489 |
| &nbsp;&nbsp;&nbsp; 664344, 42.960%, 4/28/2023 †x#^ | BlueVine | 5/02/2022 | 35128 | 36533 | 5269 |
| &nbsp;&nbsp;&nbsp; 664885, 30.000%, 11/27/2023 †x#^ | BlueVine | 5/06/2022 | 13093 | 13617 | 1964 |
| &nbsp;&nbsp;&nbsp; 665430, 37.500%, 5/08/2023 †x#^ | BlueVine | 5/12/2022 | 2856 | 2970 | 428 |
| &nbsp;&nbsp;&nbsp; 665584, 37.500%, 5/15/2023 †x#^ | BlueVine | 5/13/2022 | 21627 | 22492 | 3244 |
| &nbsp;&nbsp;&nbsp; 666337, 33.000%, 5/16/2023 †x#^ | BlueVine | 5/20/2022 | 5706 | 5935 | 856 |
| &nbsp;&nbsp;&nbsp; 666994, 22.200%, 1/21/2025 †x#^ | BlueVine | 5/31/2022 | 8196 | 8524 | 1229 |
| &nbsp;&nbsp;&nbsp; 666995, 67.600%, 12/02/2022 †x#^ | BlueVine | 5/31/2022 | 225 | 234 | 34 |
| &nbsp;&nbsp;&nbsp; 667044, 41.600%, 8/01/2023 †x#^ | BlueVine | 5/31/2022 | 9561 | 9944 | 1434 |
| &nbsp;&nbsp;&nbsp; 667532, 78.000%, 12/21/2022 †x#^ | BlueVine | 6/03/2022 | 1122 | 1167 | 168 |
| &nbsp;&nbsp;&nbsp; 667998, 45.000%, 6/05/2023 †x#^ | BlueVine | 6/08/2022 | 49302 | 51274 | 7395 |
| &nbsp;&nbsp;&nbsp; 668178, 45.000%, 7/07/2023 †x#^ | BlueVine | 6/09/2022 | 11924 | 12401 | 1789 |
| &nbsp;&nbsp;&nbsp; 668207, 27.960%, 8/07/2023 †x#^ | BlueVine | 6/10/2022 | 26725 | 27794 | 4009 |
| &nbsp;&nbsp;&nbsp; 668542, 56.640%, 2/12/2024 †x#^ | BlueVine | 6/14/2022 | 20986 | 21825 | 3148 |
| &nbsp;&nbsp;&nbsp; 668681, 27.960%, 6/07/2023 †x#^ | BlueVine | 6/15/2022 | 8849 | 9203 | 1327 |
| &nbsp;&nbsp;&nbsp; 668768, 56.680%, 12/19/2022 †x#^ | BlueVine | 6/15/2022 | 2007 | 2087 | 301 |
| &nbsp;&nbsp;&nbsp; 669169, 45.480%, 6/12/2023 †x#^ | BlueVine | 6/22/2022 | 7463 | 7762 | 1119 |
| &nbsp;&nbsp;&nbsp; 669417, 56.640%, 6/20/2023 †x#^ | BlueVine | 6/23/2022 | 3570 | 3713 | 536 |
| &nbsp;&nbsp;&nbsp; 669428, 35.880%, 6/20/2023 †x#^ | BlueVine | 6/23/2022 | 2437 | 2535 | 366 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6320** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 669693, 41.600%, 12/12/2023 †x#^ | BlueVine | 6/24/2022 | $214 | $220 | $32 |
| &nbsp;&nbsp;&nbsp; 670310, 33.960%, 6/20/2023 †x#^ | BlueVine | 6/30/2022 | 4639 | 4825 | 696 |
| &nbsp;&nbsp;&nbsp; 670348, 88.400%, 3/17/2023 †x#^ | BlueVine | 6/30/2022 | 2518 | 2618 | 378 |
| &nbsp;&nbsp;&nbsp; 670812, 30.160%, 1/06/2023 †x#^ | BlueVine | 7/06/2022 | 678 | 705 | 102 |
| &nbsp;&nbsp;&nbsp; 670957, 57.240%, 11/17/2025 †x#^ | BlueVine | 7/07/2022 | 9120 | 9485 | 1368 |
| &nbsp;&nbsp;&nbsp; 671238, 44.720%, 1/12/2023 †x#^ | BlueVine | 7/11/2022 | 14388 | 14963 | 2158 |
| &nbsp;&nbsp;&nbsp; 671337, 28.056%, 11/10/2023 †x#^ | BlueVine | 7/11/2022 | 1578 | 1641 | 237 |
| &nbsp;&nbsp;&nbsp; 671470, 30.160%, 1/06/2023 †x#^ | BlueVine | 7/12/2022 | 616 | 641 | 92 |
| &nbsp;&nbsp;&nbsp; 671931, 22.200%, 7/11/2023 †x#^ | BlueVine | 7/15/2022 | 8249 | 8579 | 1237 |
| &nbsp;&nbsp;&nbsp; 672115, 34.560%, 7/10/2023 †x#^ | BlueVine | 7/18/2022 | 3959 | 4117 | 594 |
| &nbsp;&nbsp;&nbsp; 672233, 35.880%, 6/14/2024 †x#^ | BlueVine | 7/19/2022 | 54345 | 56518 | 8152 |
| &nbsp;&nbsp;&nbsp; 672266, 33.960%, 9/11/2023 †x#^ | BlueVine | 7/19/2022 | 3308 | 3440 | 496 |
| &nbsp;&nbsp;&nbsp; 672385, 33.960%, 7/17/2023 †x#^ | BlueVine | 7/20/2022 | 2709 | 2817 | 406 |
| &nbsp;&nbsp;&nbsp; 672398, 64.480%, 1/17/2023 †x#^ | BlueVine | 7/20/2022 | 12829 | 13342 | 1924 |
| &nbsp;&nbsp;&nbsp; 672735, 27.000%, 7/17/2023 †x#^ | BlueVine | 7/22/2022 | 20876 | 21711 | 3131 |
| &nbsp;&nbsp;&nbsp; 672972, 33.960%, 7/20/2023 †x#^ | BlueVine | 7/25/2022 | 6236 | 6485 | 935 |
| &nbsp;&nbsp;&nbsp; 673080, 35.880%, 2/03/2023 †x#^ | BlueVine | 7/26/2022 | 4589 | 4772 | 688 |
| &nbsp;&nbsp;&nbsp; 673108, 33.960%, 7/20/2023 †x#^ | BlueVine | 7/26/2022 | 12471 | 12970 | 1871 |
| &nbsp;&nbsp;&nbsp; 673180, 47.520%, 7/18/2023 †x#^ | BlueVine | 7/27/2022 | 2678 | 2785 | 402 |
| &nbsp;&nbsp;&nbsp; 673258, 41.600%, 3/28/2024 †x#^ | BlueVine | 7/27/2022 | 1214 | 1263 | 182 |
| &nbsp;&nbsp;&nbsp; 673261, 67.600%, 1/23/2023 †x#^ | BlueVine | 7/27/2022 | 232 | 241 | 35 |
| &nbsp;&nbsp;&nbsp; 673350, 27.040%, 2/03/2023 †x#^ | BlueVine | 7/28/2022 | 31769 | 33040 | 4765 |
| &nbsp;&nbsp;&nbsp; 673546, 23.400%, 3/09/2023 †x#^ | BlueVine | 7/29/2022 | 300 | 312 | 45 |
| &nbsp;&nbsp;&nbsp; 673624, 34.560%, 7/27/2023 †x#^ | BlueVine | 7/29/2022 | 62425 | 64922 | 9364 |
| &nbsp;&nbsp;&nbsp; 674135, 69.680%, 2/13/2023 †x#^ | BlueVine | 8/03/2022 | 16670 | 17337 | 2501 |
| &nbsp;&nbsp;&nbsp; 674222, 80.080%, 2/07/2023 †x#^ | BlueVine | 8/04/2022 | 546 | 568 | 82 |
| &nbsp;&nbsp;&nbsp; 674225, 27.960%, 7/03/2023 †x#^ | BlueVine | 8/04/2022 | 1578 | 1641 | 237 |
| &nbsp;&nbsp;&nbsp; 674226, 69.680%, 2/07/2023 †x#^ | BlueVine | 8/04/2022 | 863 | 898 | 129 |
| &nbsp;&nbsp;&nbsp; 674504, 56.680%, 2/02/2023 †x#^ | BlueVine | 8/08/2022 | 3301 | 3433 | 495 |
| &nbsp;&nbsp;&nbsp; 675623, 48.100%, 2/17/2023 †x#^ | BlueVine | 8/16/2022 | 429 | 446 | 64 |
| &nbsp;&nbsp;&nbsp; 675781, 27.000%, 9/11/2030 †x# | BlueVine | 8/17/2022 | 8337 | 8671 | 1251 |
| &nbsp;&nbsp;&nbsp; 675849, 45.480%, 2/14/2028 †x# | BlueVine | 8/17/2022 | 2798 | 2910 | 420 |
| &nbsp;&nbsp;&nbsp; 675992, 34.560%, 10/23/2023 †x#^ | BlueVine | 8/18/2022 | 7021 | 7302 | 1053 |
| &nbsp;&nbsp;&nbsp; 676112, 23.400%, 6/21/2023 †x#^ | BlueVine | 8/19/2022 | 21205 | 22054 | 3181 |
| &nbsp;&nbsp;&nbsp; 676231, 57.200%, 3/23/2023 †x#^ | BlueVine | 8/22/2022 | 10155 | 10561 | 1523 |
| &nbsp;&nbsp;&nbsp; 676312, 44.760%, 8/18/2023 †x#^ | BlueVine | 8/22/2022 | 64672 | 67259 | 9701 |
| &nbsp;&nbsp;&nbsp; 676454, 67.600%, 7/07/2023 †x#^ | BlueVine | 8/23/2022 | 2322 | 2414 | 348 |
| &nbsp;&nbsp;&nbsp; 676542, 88.400%, 3/03/2023 †x#^ | BlueVine | 8/23/2022 | 707 | 735 | 106 |
| &nbsp;&nbsp;&nbsp; 676589, 37.500%, 8/11/2023 †x#^ | BlueVine | 8/24/2022 | 5460 | 5679 | 819 |
| &nbsp;&nbsp;&nbsp; 676674, 67.600%, 2/27/2023 †x#^ | BlueVine | 8/24/2022 | 3934 | 4091 | 590 |
| &nbsp;&nbsp;&nbsp; 676789, 32.240%, 2/28/2023 †x#^ | BlueVine | 8/25/2022 | 47031 | 48912 | 7055 |
| &nbsp;&nbsp;&nbsp; 676987, 22.200%, 8/01/2023 †x#^ | BlueVine | 8/26/2022 | 1219 | 1268 | 183 |
| &nbsp;&nbsp;&nbsp; 676996, 80.080%, 3/10/2023 †x#^ | BlueVine | 8/26/2022 | 852 | 886 | 128 |
| &nbsp;&nbsp;&nbsp; 677011, 27.960%, 7/28/2023 †x#^ | BlueVine | 8/26/2022 | 10408 | 10825 | 1561 |
| &nbsp;&nbsp;&nbsp; 677170, 28.920%, 6/26/2023 †x#^ | BlueVine | 8/29/2022 | 49567 | 51550 | 7435 |
| &nbsp;&nbsp;&nbsp; 677248, 32.760%, 3/03/2023 †x#^ | BlueVine | 8/30/2022 | 13010 | 13530 | 1951 |
| &nbsp;&nbsp;&nbsp; 677398, 27.960%, 8/28/2023 †x#^ | BlueVine | 8/31/2022 | 15415 | 16032 | 2312 |
| &nbsp;&nbsp;&nbsp; 677422, 41.600%, 4/22/2024 †x#^ | BlueVine | 8/31/2022 | 1321 | 1373 | 198 |
| &nbsp;&nbsp;&nbsp; 677556, 85.800%, 3/14/2023 †x#^ | BlueVine | 9/01/2022 | 4116 | 4281 | 617 |
| &nbsp;&nbsp;&nbsp; 677686, 80.080%, 8/18/2023 †x#^ | BlueVine | 9/02/2022 | 246 | 256 | 37 |
| &nbsp;&nbsp;&nbsp; 677846, 32.240%, 3/08/2023 †x#^ | BlueVine | 9/02/2022 | 17731 | 18440 | 2660 |
| &nbsp;&nbsp;&nbsp; 677866, 48.880%, 3/01/2023 †x#^ | BlueVine | 9/02/2022 | 11942 | 12419 | 1791 |
| &nbsp;&nbsp;&nbsp; 678132, 88.400%, 3/14/2023 †x#^ | BlueVine | 9/07/2022 | 502 | 522 | 75 |
| &nbsp;&nbsp;&nbsp; 678236, 57.200%, 3/06/2024 †x#^ | BlueVine | 9/07/2022 | 1433 | 1490 | 215 |
| &nbsp;&nbsp;&nbsp; 678524, 36.600%, 12/20/2023 †x#^ | BlueVine | 9/08/2022 | 3469 | 3608 | 520 |
| &nbsp;&nbsp;&nbsp; 678703, 51.480%, 9/07/2023 †x#^ | BlueVine | 9/09/2022 | 15902 | 16538 | 2385 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6321** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 678733, 35.880%, 12/29/2023 †x#^ | BlueVine | 9/09/2022 | $1348 | $1402 | $202 |
| &nbsp;&nbsp;&nbsp; 678870, 80.080%, 3/09/2023 †x#^ | BlueVine | 9/12/2022 | 625 | 650 | 94 |
| &nbsp;&nbsp;&nbsp; 679038, 28.920%, 11/21/2023 †x#^ | BlueVine | 9/13/2022 | 19124 | 19889 | 2869 |
| &nbsp;&nbsp;&nbsp; 679098, 47.520%, 9/11/2023 †x#^ | BlueVine | 9/13/2022 | 60476 | 62895 | 9071 |
| &nbsp;&nbsp;&nbsp; 679103, 32.520%, 9/01/2023 †x#^ | BlueVine | 9/14/2022 | 3907 | 4063 | 586 |
| &nbsp;&nbsp;&nbsp; 679113, 27.960%, 9/11/2023 †x#^ | BlueVine | 9/14/2022 | 3083 | 3206 | 462 |
| &nbsp;&nbsp;&nbsp; 679125, 28.920%, 4/03/2023 †x#^ | BlueVine | 9/14/2022 | 939 | 977 | 141 |
| &nbsp;&nbsp;&nbsp; 679362, 35.880%, 3/28/2023 †x#^ | BlueVine | 9/15/2022 | 5123 | 5328 | 769 |
| &nbsp;&nbsp;&nbsp; 679399, 64.480%, 3/14/2023 †x#^ | BlueVine | 9/15/2022 | 1567 | 1629 | 235 |
| &nbsp;&nbsp;&nbsp; 679778, 29.120%, 7/17/2023 †x#^ | BlueVine | 9/19/2022 | 17951 | 18669 | 2693 |
| &nbsp;&nbsp;&nbsp; 679898, 45.500%, 4/07/2023 †x#^ | BlueVine | 9/20/2022 | 22093 | 22977 | 3314 |
| &nbsp;&nbsp;&nbsp; 679961, 31.920%, 11/20/2023 †x#^ | BlueVine | 9/20/2022 | 98522 | 102463 | 14778 |
| &nbsp;&nbsp;&nbsp; 680329, 57.200%, 7/07/2023 †x#^ | BlueVine | 9/22/2022 | 3078 | 3201 | 462 |
| &nbsp;&nbsp;&nbsp; 680523, 85.800%, 3/22/2023 †x#^ | BlueVine | 9/23/2022 | 2560 | 2662 | 384 |
| &nbsp;&nbsp;&nbsp; 680558, 63.600%, 9/11/2023 †x#^ | BlueVine | 9/23/2022 | 5311 | 5524 | 797 |
| &nbsp;&nbsp;&nbsp; 680571, 75.920%, 4/12/2023 †x#^ | BlueVine | 9/23/2022 | 53362 | 55496 | 8004 |
| &nbsp;&nbsp;&nbsp; 680834, 26.520%, 4/06/2023 †x#^ | BlueVine | 9/26/2022 | 7338 | 7631 | 1101 |
| &nbsp;&nbsp;&nbsp; 680918, 23.160%, 10/02/2023 †x#^ | BlueVine | 9/27/2022 | 2771 | 2882 | 416 |
| &nbsp;&nbsp;&nbsp; 681111, 88.400%, 4/03/2023 †x#^ | BlueVine | 9/28/2022 | 3339 | 3472 | 501 |
| &nbsp;&nbsp;&nbsp; 681260, 45.500%, 4/25/2023 †x#^ | BlueVine | 9/29/2022 | 1262 | 1313 | 189 |
| &nbsp;&nbsp;&nbsp; 681332, 80.080%, 4/04/2023 †x#^ | BlueVine | 9/29/2022 | 4088 | 4252 | 613 |
| &nbsp;&nbsp;&nbsp; 681398, 59.280%, 4/19/2023 †x#^ | BlueVine | 9/30/2022 | 64850 | 67444 | 9728 |
| &nbsp;&nbsp;&nbsp; 681421, 62.400%, 6/14/2023 †x#^ | BlueVine | 9/30/2022 | 122 | 127 | 18 |
| &nbsp;&nbsp;&nbsp; 681490, 23.160%, 10/03/2023 †x#^ | BlueVine | 9/30/2022 | 4364 | 4539 | 655 |
| &nbsp;&nbsp;&nbsp; 681507, 35.880%, 4/19/2023 †x#^ | BlueVine | 9/30/2022 | 12006 | 12486 | 1801 |
| &nbsp;&nbsp;&nbsp; 681741, 35.880%, 4/06/2023 †x#^ | BlueVine | 10/03/2022 | 4107 | 4271 | 616 |
| &nbsp;&nbsp;&nbsp; 681864, 27.000%, 12/24/2024 †x#^ | BlueVine | 10/04/2022 | 1667 | 1729 | 250 |
| &nbsp;&nbsp;&nbsp; 681910, 60.600%, 10/02/2023 †x#^ | BlueVine | 10/04/2022 | 14026 | 14587 | 2104 |
| &nbsp;&nbsp;&nbsp; 682032, 36.000%, 1/22/2024 †x#^ | BlueVine | 10/05/2022 | 28377 | 29512 | 4257 |
| &nbsp;&nbsp;&nbsp; 682040, 42.900%, 4/21/2023 †x#^ | BlueVine | 10/05/2022 | 3638 | 3783 | 546 |
| &nbsp;&nbsp;&nbsp; 682400, 33.000%, 10/04/2023 †x#^ | BlueVine | 10/06/2022 | 29383 | 30558 | 4407 |
| &nbsp;&nbsp;&nbsp; 682404, 48.000%, 9/28/2023 †x#^ | BlueVine | 10/06/2022 | 1005 | 1045 | 151 |
| &nbsp;&nbsp;&nbsp; 682501, 31.920%, 9/28/2023 †x#^ | BlueVine | 10/07/2022 | 35050 | 36452 | 5257 |
| &nbsp;&nbsp;&nbsp; 682515, 48.880%, 4/05/2023 †x#^ | BlueVine | 10/07/2022 | 7115 | 7400 | 1067 |
| &nbsp;&nbsp;&nbsp; 682530, 23.160%, 9/27/2023 †x#^ | BlueVine | 10/07/2022 | 12002 | 12482 | 1800 |
| &nbsp;&nbsp;&nbsp; 682792, 45.000%, 10/23/2023 †x#^ | BlueVine | 10/12/2022 | 55949 | 58187 | 8392 |
| &nbsp;&nbsp;&nbsp; 682817, 52.000%, 11/17/2023 †x#^ | BlueVine | 10/12/2022 | 2670 | 2776 | 400 |
| &nbsp;&nbsp;&nbsp; 682842, 48.000%, 3/24/2025 †x#^ | BlueVine | 10/13/2022 | 2454 | 2552 | 368 |
| &nbsp;&nbsp;&nbsp; 683333, 85.800%, 4/05/2023 †x#^ | BlueVine | 10/14/2022 | 7566 | 7869 | 1135 |
| &nbsp;&nbsp;&nbsp; 683379, 80.080%, 5/02/2023 †x#^ | BlueVine | 10/14/2022 | 4511 | 4691 | 677 |
| &nbsp;&nbsp;&nbsp; 683386, 85.800%, 6/17/2025 †x#^ | BlueVine | 10/14/2022 | 4027 | 4188 | 604 |
| &nbsp;&nbsp;&nbsp; 683399, 36.000%, 5/15/2024 †x#^ | BlueVine | 10/14/2022 | 20300 | 21111 | 3045 |
| &nbsp;&nbsp;&nbsp; 683410, 27.960%, 1/03/2024 †x#^ | BlueVine | 10/14/2022 | 11236 | 11685 | 1685 |
| &nbsp;&nbsp;&nbsp; 683572, 28.056%, 3/11/2024 †x#^ | BlueVine | 10/17/2022 | 3254 | 3384 | 488 |
| &nbsp;&nbsp;&nbsp; 683573, 27.000%, 9/25/2023 †x#^ | BlueVine | 10/17/2022 | 6634 | 6899 | 995 |
| &nbsp;&nbsp;&nbsp; 683580, 48.880%, 4/06/2023 †x#^ | BlueVine | 10/17/2022 | 4087 | 4251 | 613 |
| &nbsp;&nbsp;&nbsp; 683616, 69.680%, 4/20/2023 †x#^ | BlueVine | 10/17/2022 | 79 | 83 | 12 |
| &nbsp;&nbsp;&nbsp; 683776, 52.520%, 4/21/2023 †x#^ | BlueVine | 10/18/2022 | 1292 | 1343 | 194 |
| &nbsp;&nbsp;&nbsp; 683896, 80.080%, 5/08/2023 †x#^ | BlueVine | 10/19/2022 | 2790 | 2901 | 418 |
| &nbsp;&nbsp;&nbsp; 683981, 35.880%, 4/24/2023 †x#^ | BlueVine | 10/19/2022 | 3313 | 3446 | 497 |
| &nbsp;&nbsp;&nbsp; 683YA51T, 14.000%, 3/20/2026 †‡§#∑ | Unchained | 3/26/2025 | 370000 | 370000 | 370562 |
| &nbsp;&nbsp;&nbsp; 684044, 59.280%, 4/17/2023 †x#^ | BlueVine | 10/19/2022 | 2874 | 2989 | 431 |
| &nbsp;&nbsp;&nbsp; 684113, 23.160%, 10/17/2023 †x#^ | BlueVine | 10/20/2022 | 169770 | 176560 | 25465 |
| &nbsp;&nbsp;&nbsp; 684115, 44.760%, 10/13/2023 †x#^ | BlueVine | 10/20/2022 | 9538 | 9920 | 1431 |
| &nbsp;&nbsp;&nbsp; 684323, 52.520%, 5/10/2023 †x#^ | BlueVine | 10/21/2022 | 1795 | 1867 | 269 |
| &nbsp;&nbsp;&nbsp; 684352, 48.000%, 1/05/2029 †x# | BlueVine | 10/21/2022 | 53804 | 55956 | 8071 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6322** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 684361, 47.520%, 11/15/2023 †x#^ | BlueVine | 10/21/2022 | $6892 | $7167 | $1034 |
| &nbsp;&nbsp;&nbsp; 684377, 33.960%, 10/19/2023 †x#^ | BlueVine | 10/21/2022 | 13933 | 14490 | 2090 |
| &nbsp;&nbsp;&nbsp; 684412, 75.920%, 4/26/2023 †x#^ | BlueVine | 10/21/2022 | 52167 | 54254 | 7825 |
| &nbsp;&nbsp;&nbsp; 684433, 63.440%, 5/04/2023 †x#^ | BlueVine | 10/24/2022 | 669 | 695 | 100 |
| &nbsp;&nbsp;&nbsp; 684511, 57.200%, 5/11/2023 †x#^ | BlueVine | 10/24/2022 | 1137 | 1182 | 171 |
| &nbsp;&nbsp;&nbsp; 684519, 23.160%, 10/20/2023 †x#^ | BlueVine | 10/24/2022 | 46257 | 48108 | 6939 |
| &nbsp;&nbsp;&nbsp; 684677, 60.600%, 10/17/2023 †x#^ | BlueVine | 10/25/2022 | 17431 | 18128 | 2615 |
| &nbsp;&nbsp;&nbsp; 684815, 52.000%, 11/17/2023 †x#^ | BlueVine | 10/26/2022 | 5073 | 5276 | 761 |
| &nbsp;&nbsp;&nbsp; 684900, 30.000%, 4/26/2024 †x#^ | BlueVine | 10/26/2022 | 8741 | 9091 | 1311 |
| &nbsp;&nbsp;&nbsp; 684901, 35.880%, 12/29/2023 †x#^ | BlueVine | 10/26/2022 | 438 | 456 | 66 |
| &nbsp;&nbsp;&nbsp; 685047, 88.400%, 5/16/2023 †x#^ | BlueVine | 10/27/2022 | 2418 | 2515 | 363 |
| &nbsp;&nbsp;&nbsp; 685372, 40.200%, 10/26/2023 †x#^ | BlueVine | 10/31/2022 | 64881 | 67477 | 9732 |
| &nbsp;&nbsp;&nbsp; 685392, 35.880%, 5/14/2024 †x#^ | BlueVine | 10/31/2022 | 4934 | 5131 | 740 |
| &nbsp;&nbsp;&nbsp; 685397, 47.520%, 10/20/2023 †x#^ | BlueVine | 10/31/2022 | 24212 | 25180 | 3632 |
| &nbsp;&nbsp;&nbsp; 685512, 45.760%, 5/04/2023 †x#^ | BlueVine | 10/31/2022 | 842 | 876 | 126 |
| &nbsp;&nbsp;&nbsp; 685513, 40.800%, 10/30/2023 †x#^ | BlueVine | 10/31/2022 | 11000 | 11440 | 1650 |
| &nbsp;&nbsp;&nbsp; 685671, 88.400%, 5/05/2023 †x#^ | BlueVine | 11/01/2022 | 1296 | 1348 | 194 |
| &nbsp;&nbsp;&nbsp; 685909, 36.000%, 11/01/2023 †x#^ | BlueVine | 11/03/2022 | 11367 | 11821 | 1705 |
| &nbsp;&nbsp;&nbsp; 686018, 63.440%, 9/11/2023 †x#^ | BlueVine | 11/03/2022 | 14358 | 14932 | 2154 |
| &nbsp;&nbsp;&nbsp; 686192, 31.920%, 10/17/2023 †x#^ | BlueVine | 11/04/2022 | 8408 | 8744 | 1261 |
| &nbsp;&nbsp;&nbsp; 687092, 63.440%, 5/16/2023 †x#^ | BlueVine | 11/10/2022 | 5973 | 6212 | 896 |
| &nbsp;&nbsp;&nbsp; 687409, 23.160%, 4/02/2027 †x# | BlueVine | 11/15/2022 | 15609 | 16233 | 2341 |
| &nbsp;&nbsp;&nbsp; 687629, 33.960%, 1/10/2024 †x#^ | BlueVine | 11/16/2022 | 6502 | 6762 | 975 |
| &nbsp;&nbsp;&nbsp; 687685, 60.600%, 11/10/2023 †x#^ | BlueVine | 11/16/2022 | 29817 | 31010 | 4473 |
| &nbsp;&nbsp;&nbsp; 687778, 50.440%, 5/23/2023 †x#^ | BlueVine | 11/17/2022 | 27010 | 28091 | 4052 |
| &nbsp;&nbsp;&nbsp; 687914, 43.680%, 11/14/2023 †x#^ | BlueVine | 11/17/2022 | 16603 | 17267 | 2490 |
| &nbsp;&nbsp;&nbsp; 688010, 65.520%, 5/23/2023 †x#^ | BlueVine | 11/17/2022 | 1389 | 1445 | 208 |
| &nbsp;&nbsp;&nbsp; 688158, 35.880%, 6/18/2024 †x#^ | BlueVine | 11/18/2022 | 5161 | 5367 | 774 |
| &nbsp;&nbsp;&nbsp; 688239, 49.560%, 8/06/2029 †x# | BlueVine | 11/21/2022 | 128524 | 133665 | 19279 |
| &nbsp;&nbsp;&nbsp; 688325, 33.800%, 5/25/2023 †x#^ | BlueVine | 11/21/2022 | 4513 | 4694 | 677 |
| &nbsp;&nbsp;&nbsp; 688340, 59.280%, 5/18/2023 †x#^ | BlueVine | 11/21/2022 | 4338 | 4512 | 651 |
| &nbsp;&nbsp;&nbsp; 688596, 23.160%, 12/20/2023 †x#^ | BlueVine | 11/23/2022 | 6657 | 6923 | 999 |
| &nbsp;&nbsp;&nbsp; 688649, 47.320%, 5/22/2023 †x#^ | BlueVine | 11/23/2022 | 3201 | 3329 | 480 |
| &nbsp;&nbsp;&nbsp; 688764, 35.880%, 6/11/2024 †x#^ | BlueVine | 11/23/2022 | 2469 | 2568 | 370 |
| &nbsp;&nbsp;&nbsp; 689094, 62.400%, 6/07/2023 †x#^ | BlueVine | 11/28/2022 | 5072 | 5275 | 761 |
| &nbsp;&nbsp;&nbsp; 689113, 59.280%, 12/22/2023 †x#^ | BlueVine | 11/28/2022 | 4287 | 4459 | 643 |
| &nbsp;&nbsp;&nbsp; 689120, 36.000%, 12/28/2023 †x#^ | BlueVine | 11/28/2022 | 9568 | 9951 | 1435 |
| &nbsp;&nbsp;&nbsp; 689131, 85.280%, 5/31/2023 †x#^ | BlueVine | 11/28/2022 | 1170 | 1216 | 175 |
| &nbsp;&nbsp;&nbsp; 689182, 54.600%, 11/16/2023 †x#^ | BlueVine | 11/28/2022 | 37421 | 38918 | 5613 |
| &nbsp;&nbsp;&nbsp; 689303, 36.000%, 2/05/2024 †x#^ | BlueVine | 11/29/2022 | 56014 | 58255 | 8402 |
| &nbsp;&nbsp;&nbsp; 689305, 22.200%, 2/14/2025 †x#^ | BlueVine | 11/29/2022 | 2612 | 2717 | 392 |
| &nbsp;&nbsp;&nbsp; 689318, 78.000%, 6/02/2023 †x#^ | BlueVine | 11/29/2022 | 10495 | 10915 | 1574 |
| &nbsp;&nbsp;&nbsp; 689364, 32.240%, 5/26/2023 †x#^ | BlueVine | 11/29/2022 | 1370 | 1425 | 206 |
| &nbsp;&nbsp;&nbsp; 689379, 45.500%, 7/14/2023 †x#^ | BlueVine | 11/29/2022 | 635 | 660 | 95 |
| &nbsp;&nbsp;&nbsp; 689424, 49.560%, 11/22/2023 †x#^ | BlueVine | 11/30/2022 | 44890 | 46685 | 6733 |
| &nbsp;&nbsp;&nbsp; 689480, 32.520%, 11/06/2023 †x#^ | BlueVine | 11/30/2022 | 17540 | 18242 | 2631 |
| &nbsp;&nbsp;&nbsp; 689675, 85.800%, 5/30/2023 †x#^ | BlueVine | 12/01/2022 | 11044 | 11486 | 1657 |
| &nbsp;&nbsp;&nbsp; 689871, 29.400%, 11/24/2023 †x#^ | BlueVine | 12/02/2022 | 5624 | 5849 | 844 |
| &nbsp;&nbsp;&nbsp; 689933, 31.920%, 10/26/2023 †x#^ | BlueVine | 12/02/2022 | 37057 | 38540 | 5559 |
| &nbsp;&nbsp;&nbsp; 689993, 34.560%, 5/28/2024 †x#^ | BlueVine | 12/02/2022 | 16972 | 17651 | 2546 |
| &nbsp;&nbsp;&nbsp; 690216, 39.960%, 9/16/2024 †x#^ | BlueVine | 12/05/2022 | 19418 | 20195 | 2913 |
| &nbsp;&nbsp;&nbsp; 690383, 67.600%, 6/02/2023 †x#^ | BlueVine | 12/06/2022 | 6792 | 7064 | 1019 |
| &nbsp;&nbsp;&nbsp; 690432, 22.200%, 12/04/2023 †x#^ | BlueVine | 12/07/2022 | 82386 | 85681 | 12358 |
| &nbsp;&nbsp;&nbsp; 690586, 75.920%, 10/20/2023 †x#^ | BlueVine | 12/07/2022 | 1310 | 1363 | 197 |
| &nbsp;&nbsp;&nbsp; 690852, 27.960%, 11/28/2023 †x#^ | BlueVine | 12/08/2022 | 12440 | 12938 | 1866 |
| &nbsp;&nbsp;&nbsp; 690977, 50.960%, 6/14/2023 †x#^ | BlueVine | 12/09/2022 | 3776 | 3927 | 566 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6323** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 690996, 80.080%, 6/07/2023 †x#^ | BlueVine | 12/09/2022 | $642 | $667 | $96 |
| &nbsp;&nbsp;&nbsp; 691011, 35.880%, 12/26/2023 †x#^ | BlueVine | 12/09/2022 | 2328 | 2421 | 349 |
| &nbsp;&nbsp;&nbsp; 691191, 39.960%, 12/01/2023 †x#^ | BlueVine | 12/12/2022 | 3778 | 3929 | 567 |
| &nbsp;&nbsp;&nbsp; 691196, 48.100%, 6/15/2023 †x#^ | BlueVine | 12/12/2022 | 6785 | 7056 | 1018 |
| &nbsp;&nbsp;&nbsp; 691443, 75.920%, 3/13/2024 †x#^ | BlueVine | 12/13/2022 | 8713 | 9061 | 1307 |
| &nbsp;&nbsp;&nbsp; 691598, 75.920%, 3/13/2024 †x#^ | BlueVine | 12/14/2022 | 4679 | 4866 | 702 |
| &nbsp;&nbsp;&nbsp; 691760, 38.160%, 12/12/2023 †x#^ | BlueVine | 12/15/2022 | 69769 | 72560 | 10465 |
| &nbsp;&nbsp;&nbsp; 691766, 49.560%, 12/01/2023 †x#^ | BlueVine | 12/15/2022 | 9339 | 9713 | 1401 |
| &nbsp;&nbsp;&nbsp; 691807, 23.160%, 2/15/2024 †x#^ | BlueVine | 12/15/2022 | 6797 | 7069 | 1020 |
| &nbsp;&nbsp;&nbsp; 692175, 70.200%, 7/13/2023 †x#^ | BlueVine | 12/19/2022 | 942 | 980 | 141 |
| &nbsp;&nbsp;&nbsp; 692192, 39.960%, 1/16/2024 †x#^ | BlueVine | 12/19/2022 | 1559 | 1593 | 234 |
| &nbsp;&nbsp;&nbsp; 692204, 65.520%, 6/22/2023 †x#^ | BlueVine | 12/19/2022 | 435 | 453 | 65 |
| &nbsp;&nbsp;&nbsp; 692215, 27.960%, 4/16/2024 †x#^ | BlueVine | 12/19/2022 | 5938 | 6175 | 891 |
| &nbsp;&nbsp;&nbsp; 692237, 57.240%, 4/14/2042 †x# | BlueVine | 12/19/2022 | 4682 | 4869 | 702 |
| &nbsp;&nbsp;&nbsp; 692240, 67.600%, 6/28/2024 †x#^ | BlueVine | 12/19/2022 | 1069 | 1112 | 160 |
| &nbsp;&nbsp;&nbsp; 692431, 41.600%, 9/30/2033 †x# | BlueVine | 12/20/2022 | 4739 | 4929 | 711 |
| &nbsp;&nbsp;&nbsp; 692438, 85.800%, 7/07/2023 †x#^ | BlueVine | 12/20/2022 | 10512 | 10932 | 1577 |
| &nbsp;&nbsp;&nbsp; 692882, 41.760%, 11/28/2023 †x#^ | BlueVine | 12/22/2022 | 10667 | 11093 | 1600 |
| &nbsp;&nbsp;&nbsp; 692892, 29.400%, 1/16/2024 †x#^ | BlueVine | 12/22/2022 | 125626 | 130651 | 18844 |
| &nbsp;&nbsp;&nbsp; 693287, 27.960%, 12/28/2023 †x#^ | BlueVine | 12/27/2022 | 13902 | 14458 | 2085 |
| &nbsp;&nbsp;&nbsp; 693457, 49.560%, 2/28/2025 †x#^ | BlueVine | 12/28/2022 | 39854 | 41448 | 5978 |
| &nbsp;&nbsp;&nbsp; 693611, 78.000%, 6/27/2023 †x#^ | BlueVine | 12/29/2022 | 265 | 276 | 40 |
| &nbsp;&nbsp;&nbsp; 693622, 56.520%, 12/20/2023 †x#^ | BlueVine | 12/29/2022 | 4346 | 4520 | 652 |
| &nbsp;&nbsp;&nbsp; 693667, 57.200%, 7/05/2023 †x#^ | BlueVine | 12/29/2022 | 3156 | 3282 | 473 |
| &nbsp;&nbsp;&nbsp; 693686, 35.880%, 6/18/2024 †x#^ | BlueVine | 12/29/2022 | 8900 | 9256 | 1335 |
| &nbsp;&nbsp;&nbsp; 693702, 35.880%, 1/26/2024 †x#^ | BlueVine | 12/29/2022 | 1979 | 2058 | 297 |
| &nbsp;&nbsp;&nbsp; 693703, 35.880%, 1/26/2024 †x#^ | BlueVine | 12/29/2022 | 1983 | 2063 | 297 |
| &nbsp;&nbsp;&nbsp; 694088, 23.160%, 12/28/2023 †x#^ | BlueVine | 1/03/2023 | 169770 | 176560 | 25465 |
| &nbsp;&nbsp;&nbsp; 694309, 49.560%, 3/01/2024 †x#^ | BlueVine | 1/04/2023 | 70046 | 72848 | 10507 |
| &nbsp;&nbsp;&nbsp; 694340, 88.400%, 6/30/2023 †x#^ | BlueVine | 1/04/2023 | 21003 | 21843 | 3150 |
| &nbsp;&nbsp;&nbsp; 694649, 34.560%, 2/05/2024 †x#^ | BlueVine | 1/05/2023 | 14347 | 14921 | 2152 |
| &nbsp;&nbsp;&nbsp; 694650, 69.360%, 2/20/2024 †x#^ | BlueVine | 1/05/2023 | 2399 | 2495 | 360 |
| &nbsp;&nbsp;&nbsp; 694657, 80.080%, 7/18/2023 †x#^ | BlueVine | 1/05/2023 | 7305 | 7597 | 1096 |
| &nbsp;&nbsp;&nbsp; 694784, 32.240%, 7/05/2023 †x#^ | BlueVine | 1/06/2023 | 8619 | 8964 | 1293 |
| &nbsp;&nbsp;&nbsp; 694835, 45.240%, 7/12/2023 †x#^ | BlueVine | 1/06/2023 | 27893 | 29009 | 4184 |
| &nbsp;&nbsp;&nbsp; 694854, 27.960%, 12/28/2023 †x#^ | BlueVine | 1/06/2023 | 18536 | 19278 | 2780 |
| &nbsp;&nbsp;&nbsp; 694876, 32.500%, 9/01/2023 †x#^ | BlueVine | 1/06/2023 | 4717 | 4906 | 708 |
| &nbsp;&nbsp;&nbsp; 695062, 69.360%, 3/27/2024 †x#^ | BlueVine | 1/09/2023 | 18799 | 19551 | 2820 |
| &nbsp;&nbsp;&nbsp; 695086, 78.000%, 7/06/2023 †x#^ | BlueVine | 1/09/2023 | 7889 | 8205 | 1183 |
| &nbsp;&nbsp;&nbsp; 695305, 57.720%, 7/07/2023 †x#^ | BlueVine | 1/10/2023 | 939 | 977 | 141 |
| &nbsp;&nbsp;&nbsp; 695321, 50.440%, 7/07/2023 †x#^ | BlueVine | 1/10/2023 | 6577 | 6840 | 986 |
| &nbsp;&nbsp;&nbsp; 695485, 40.040%, 12/18/2023 †x#^ | BlueVine | 1/11/2023 | 846 | 880 | 127 |
| &nbsp;&nbsp;&nbsp; 695559, 34.560%, 3/05/2025 †x#^ | BlueVine | 1/11/2023 | 15200 | 15807 | 2280 |
| &nbsp;&nbsp;&nbsp; 695703, 75.920%, 7/11/2023 †x#^ | BlueVine | 1/12/2023 | 8810 | 9163 | 1322 |
| &nbsp;&nbsp;&nbsp; 695756, 32.520%, 1/05/2024 †x#^ | BlueVine | 1/12/2023 | 21370 | 22225 | 3205 |
| &nbsp;&nbsp;&nbsp; 695984, 85.800%, 7/12/2023 †x#^ | BlueVine | 1/13/2023 | 2061 | 2143 | 309 |
| &nbsp;&nbsp;&nbsp; 696341, 49.560%, 1/02/2024 †x#^ | BlueVine | 1/18/2023 | 4627 | 4812 | 694 |
| &nbsp;&nbsp;&nbsp; 696369, 42.120%, 2/01/2024 †x#^ | BlueVine | 1/18/2023 | 4775 | 4967 | 716 |
| &nbsp;&nbsp;&nbsp; 696370, 42.120%, 2/01/2024 †x#^ | BlueVine | 1/18/2023 | 6072 | 6315 | 911 |
| &nbsp;&nbsp;&nbsp; 696373, 59.280%, 7/14/2023 †x#^ | BlueVine | 1/18/2023 | 1700 | 1768 | 255 |
| &nbsp;&nbsp;&nbsp; 696380, 32.240%, 7/28/2023 †x#^ | BlueVine | 1/18/2023 | 1364 | 1419 | 205 |
| &nbsp;&nbsp;&nbsp; 696715, 40.200%, 1/08/2024 †x#^ | BlueVine | 1/19/2023 | 322 | 335 | 48 |
| &nbsp;&nbsp;&nbsp; 696737, 85.800%, 7/18/2023 †x#^ | BlueVine | 1/19/2023 | 704 | 732 | 106 |
| &nbsp;&nbsp;&nbsp; 696878, 75.920%, 6/07/2024 †x#^ | BlueVine | 1/20/2023 | 2637 | 2743 | 396 |
| &nbsp;&nbsp;&nbsp; 696935, 78.000%, 7/19/2023 †x#^ | BlueVine | 1/20/2023 | 12471 | 12970 | 1871 |
| &nbsp;&nbsp;&nbsp; 696950, 50.440%, 7/19/2023 †x#^ | BlueVine | 1/20/2023 | 336 | 350 | 50 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6324** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 697106, 35.880%, 12/01/2023 †x#^ | BlueVine | 1/23/2023 | $6524 | $6785 | $979 |
| &nbsp;&nbsp;&nbsp; 697120, 28.056%, 6/10/2024 †x#^ | BlueVine | 1/23/2023 | 13626 | 14171 | 2044 |
| &nbsp;&nbsp;&nbsp; 697160, 32.240%, 8/04/2023 †x#^ | BlueVine | 1/23/2023 | 1107 | 1151 | 166 |
| &nbsp;&nbsp;&nbsp; 697278, 27.000%, 1/16/2024 †x#^ | BlueVine | 1/24/2023 | 5437 | 5654 | 815 |
| &nbsp;&nbsp;&nbsp; 697293, 69.360%, 2/20/2024 †x#^ | BlueVine | 1/24/2023 | 3505 | 3645 | 526 |
| &nbsp;&nbsp;&nbsp; 697317, 22.200%, 1/02/2024 †x#^ | BlueVine | 1/24/2023 | 7912 | 8229 | 1187 |
| &nbsp;&nbsp;&nbsp; 697320, 70.720%, 9/16/2024 †x#^ | BlueVine | 1/24/2023 | 2473 | 2572 | 371 |
| &nbsp;&nbsp;&nbsp; 697334, 85.800%, 10/27/2023 †x#^ | BlueVine | 1/24/2023 | 3806 | 3959 | 571 |
| &nbsp;&nbsp;&nbsp; 697362, 62.400%, 8/04/2023 †x#^ | BlueVine | 1/24/2023 | 32285 | 33577 | 4843 |
| &nbsp;&nbsp;&nbsp; 697457, 34.476%, 8/01/2023 †x#^ | BlueVine | 1/25/2023 | 10973 | 11412 | 1646 |
| &nbsp;&nbsp;&nbsp; 697474, 36.000%, 7/28/2025 †x#^ | BlueVine | 1/25/2023 | 1798 | 1870 | 270 |
| &nbsp;&nbsp;&nbsp; 697495, 33.000%, 3/14/2025 †x#^ | BlueVine | 1/25/2023 | 1949 | 2027 | 292 |
| &nbsp;&nbsp;&nbsp; 697517, 49.560%, 1/22/2024 †x#^ | BlueVine | 1/25/2023 | 6063 | 6306 | 909 |
| &nbsp;&nbsp;&nbsp; 697530, 70.720%, 9/11/2023 †x#^ | BlueVine | 1/25/2023 | 1003 | 1043 | 150 |
| &nbsp;&nbsp;&nbsp; 697682, 56.520%, 1/22/2024 †x#^ | BlueVine | 1/26/2023 | 558 | 580 | 84 |
| &nbsp;&nbsp;&nbsp; 697694, 27.960%, 1/29/2024 †x#^ | BlueVine | 1/26/2023 | 44300 | 46072 | 6645 |
| &nbsp;&nbsp;&nbsp; 697826, 39.960%, 7/28/2039 †x# | BlueVine | 1/27/2023 | 157112 | 163397 | 23567 |
| &nbsp;&nbsp;&nbsp; 697840, 88.400%, 7/26/2023 †x#^ | BlueVine | 1/27/2023 | 5157 | 5363 | 774 |
| &nbsp;&nbsp;&nbsp; 698033, 32.520%, 1/05/2024 †x#^ | BlueVine | 1/30/2023 | 10685 | 11112 | 1603 |
| &nbsp;&nbsp;&nbsp; 698216, 23.160%, 1/23/2024 †x#^ | BlueVine | 1/31/2023 | 2771 | 2882 | 416 |
| &nbsp;&nbsp;&nbsp; 698368, 40.200%, 2/28/2024 †x#^ | BlueVine | 2/01/2023 | 22075 | 22958 | 3311 |
| &nbsp;&nbsp;&nbsp; 698395, 78.000%, 7/31/2023 †x#^ | BlueVine | 2/01/2023 | 7408 | 7705 | 1111 |
| &nbsp;&nbsp;&nbsp; 698399, 48.000%, 1/29/2024 †x#^ | BlueVine | 2/01/2023 | 5586 | 5809 | 838 |
| &nbsp;&nbsp;&nbsp; 698618, 44.760%, 1/02/2024 †x#^ | BlueVine | 2/02/2023 | 1477 | 1537 |  |
| &nbsp;&nbsp;&nbsp; 698797, 23.400%, 9/15/2023 †x#^ | BlueVine | 2/03/2023 | 10563 | 10986 | 1585 |
| &nbsp;&nbsp;&nbsp; 698813, 23.160%, 1/29/2024 †x#^ | BlueVine | 2/03/2023 | 12452 | 12951 | 1868 |
| &nbsp;&nbsp;&nbsp; 698832, 49.560%, 10/17/2033 †x# | BlueVine | 2/03/2023 | 11208 | 11656 | 1681 |
| &nbsp;&nbsp;&nbsp; 699020, 32.520%, 1/12/2024 †x#^ | BlueVine | 2/06/2023 | 4966 | 5165 | 745 |
| &nbsp;&nbsp;&nbsp; 699167, 70.720%, 12/29/2023 †x#^ | BlueVine | 2/07/2023 | 2303 | 2396 | 346 |
| &nbsp;&nbsp;&nbsp; 699170, 23.160%, 1/23/2024 †x#^ | BlueVine | 2/07/2023 | 6670 | 6937 | 1001 |
| &nbsp;&nbsp;&nbsp; 699342, 50.440%, 8/21/2023 †x#^ | BlueVine | 2/08/2023 | 3502 | 3642 | 525 |
| &nbsp;&nbsp;&nbsp; 699357, 23.160%, 9/10/2024 †x#^ | BlueVine | 2/08/2023 | 11364 | 11819 | 1705 |
| &nbsp;&nbsp;&nbsp; 699358, 23.160%, 2/15/2024 †x#^ | BlueVine | 2/08/2023 | 4575 | 4758 | 686 |
| &nbsp;&nbsp;&nbsp; 699392, 35.880%, 8/07/2023 †x#^ | BlueVine | 2/08/2023 | 3269 | 3400 | 490 |
| &nbsp;&nbsp;&nbsp; 699401, 49.560%, 2/08/2024 †x#^ | BlueVine | 2/08/2023 | 20091 | 20895 | 3014 |
| &nbsp;&nbsp;&nbsp; 699562, 28.920%, 1/08/2024 †x#^ | BlueVine | 2/09/2023 | 2275 | 2366 | 341 |
| &nbsp;&nbsp;&nbsp; 699574, 36.000%, 12/20/2024 †x#^ | BlueVine | 2/09/2023 | 3570 | 3713 | 536 |
| &nbsp;&nbsp;&nbsp; 699868, 45.000%, 1/25/2024 †x#^ | BlueVine | 2/13/2023 | 15904 | 16540 | 2386 |
| &nbsp;&nbsp;&nbsp; 699891, 80.080%, 8/10/2023 †x#^ | BlueVine | 2/13/2023 | 1663 | 1730 | 249 |
| &nbsp;&nbsp;&nbsp; 699925, 52.000%, 8/10/2023 †x#^ | BlueVine | 2/13/2023 | 376 | 391 | 56 |
| &nbsp;&nbsp;&nbsp; 699935, 24.752%, 8/10/2023 †x#^ | BlueVine | 2/13/2023 | 399 | 415 | 60 |
| &nbsp;&nbsp;&nbsp; 6EXLH78P, 12.000%, 2/14/2027 †‡§∑ | Unchained | 2/20/2026 | 154822 | 154822 | 154822 |
| &nbsp;&nbsp;&nbsp; 6LQDB1FA, 13.000%, 11/07/2026 †‡§#∑ | Unchained | 11/13/2025 | 253998 | 253998 | 255684 |
| &nbsp;&nbsp;&nbsp; 6PKT7QRF, 13.000%, 9/19/2026 †‡§∑ | Unchained | 9/25/2025 | 35099 | 35099 | 35290 |
| &nbsp;&nbsp;&nbsp; 6TQHCD4T, 13.000%, 7/09/2026 †‡§#∑ | Unchained | 7/15/2025 | 300000 | 300000 | 301091 |
| &nbsp;&nbsp;&nbsp; 6WLC4NH8, 13.000%, 5/17/2026 †‡§#∑ | Unchained | 5/23/2025 | 250000 | 250000 | 250571 |
| &nbsp;&nbsp;&nbsp; 700049, 22.920%, 2/09/2024 †x#^ | BlueVine | 2/14/2023 | 1794 | 1866 | 269 |
| &nbsp;&nbsp;&nbsp; 700201, 29.640%, 8/21/2023 †x#^ | BlueVine | 2/15/2023 | 24268 | 25239 | 3640 |
| &nbsp;&nbsp;&nbsp; 700538, 32.500%, 10/13/2023 †x#^ | BlueVine | 2/17/2023 | 3227 | 3356 | 484 |
| &nbsp;&nbsp;&nbsp; 700565, 27.960%, 1/29/2024 †x#^ | BlueVine | 2/17/2023 | 24706 | 25694 | 3706 |
| &nbsp;&nbsp;&nbsp; 700576, 28.056%, 7/10/2024 †x#^ | BlueVine | 2/22/2023 | 5609 | 5833 | 841 |
| &nbsp;&nbsp;&nbsp; 700739, 42.120%, 1/24/2024 †x#^ | BlueVine | 2/21/2023 | 2239 | 2329 | 336 |
| &nbsp;&nbsp;&nbsp; 701149, 22.200%, 2/23/2024 †x#^ | BlueVine | 2/23/2023 | 39642 | 41228 | 5946 |
| &nbsp;&nbsp;&nbsp; 701156, 85.280%, 8/29/2023 †x#^ | BlueVine | 2/23/2023 | 1033 | 1075 | 155 |
| &nbsp;&nbsp;&nbsp; 701207, 27.960%, 2/26/2024 †x#^ | BlueVine | 2/23/2023 | 45000 | 46800 | 6750 |
| &nbsp;&nbsp;&nbsp; 701208, 80.080%, 8/29/2023 †x#^ | BlueVine | 2/23/2023 | 12712 | 13220 | 1907 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6325** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 701503, 74.880%, 8/24/2023 †x#^ | BlueVine | 2/27/2023 | $598 | $622 | $90 |
| &nbsp;&nbsp;&nbsp; 701684, 67.600%, 6/28/2024 †x#^ | BlueVine | 2/28/2023 | 4649 | 4835 | 697 |
| &nbsp;&nbsp;&nbsp; 701686, 70.720%, 9/01/2023 †x#^ | BlueVine | 2/28/2023 | 1681 | 1748 | 252 |
| &nbsp;&nbsp;&nbsp; 701860, 42.960%, 11/27/2024 †x#^ | BlueVine | 3/13/2023 | 21760 | 22631 | 3264 |
| &nbsp;&nbsp;&nbsp; 701889, 80.080%, 8/28/2023 †x#^ | BlueVine | 3/01/2023 | 1813 | 1886 | 272 |
| &nbsp;&nbsp;&nbsp; 701899, 50.440%, 8/28/2023 †x#^ | BlueVine | 3/01/2023 | 80595 | 83819 | 12089 |
| &nbsp;&nbsp;&nbsp; 702265, 30.000%, 2/12/2024 †x#^ | BlueVine | 3/03/2023 | 4529 | 4710 | 679 |
| &nbsp;&nbsp;&nbsp; 702271, 64.480%, 8/30/2023 †x#^ | BlueVine | 3/03/2023 | 3465 | 3603 | 520 |
| &nbsp;&nbsp;&nbsp; 702425, 85.800%, 9/14/2023 †x#^ | BlueVine | 3/06/2023 | 5487 | 5707 | 823 |
| &nbsp;&nbsp;&nbsp; 702446, 32.760%, 2/26/2024 †x#^ | BlueVine | 3/06/2023 | 2702 | 2810 | 405 |
| &nbsp;&nbsp;&nbsp; 702472, 42.120%, 2/26/2024 †x#^ | BlueVine | 3/06/2023 | 3988 | 4148 | 598 |
| &nbsp;&nbsp;&nbsp; 702608, 50.440%, 3/15/2024 †x#^ | BlueVine | 3/07/2023 | 37059 | 38541 | 5559 |
| &nbsp;&nbsp;&nbsp; 702834, 70.720%, 9/11/2023 †x#^ | BlueVine | 3/08/2023 | 3938 | 4095 | 591 |
| &nbsp;&nbsp;&nbsp; 702866, 34.560%, 4/07/2025 †x#^ | BlueVine | 3/08/2023 | 11319 | 11772 | 1698 |
| &nbsp;&nbsp;&nbsp; 702874, 38.160%, 2/23/2024 †x#^ | BlueVine | 3/08/2023 | 17166 | 17852 | 2575 |
| &nbsp;&nbsp;&nbsp; 703015, 35.880%, 9/20/2023 †x#^ | BlueVine | 3/09/2023 | 750 | 780 | 113 |
| &nbsp;&nbsp;&nbsp; 703027, 56.640%, 11/02/2023 †x#^ | BlueVine | 3/09/2023 | 2196 | 2284 | 329 |
| &nbsp;&nbsp;&nbsp; 703289, 22.200%, 2/14/2025 †x#^ | BlueVine | 3/13/2023 | 4587 | 4770 | 688 |
| &nbsp;&nbsp;&nbsp; 703319, 88.400%, 9/14/2023 †x#^ | BlueVine | 3/13/2023 | 4016 | 4177 | 602 |
| &nbsp;&nbsp;&nbsp; 703322, 80.080%, 9/28/2023 †x#^ | BlueVine | 3/13/2023 | 1729 | 1798 | 259 |
| &nbsp;&nbsp;&nbsp; 703464, 67.600%, 9/08/2023 †x#^ | BlueVine | 3/14/2023 | 784 | 816 | 118 |
| &nbsp;&nbsp;&nbsp; 703474, 65.520%, 9/15/2023 †x#^ | BlueVine | 3/14/2023 | 5150 | 5356 | 773 |
| &nbsp;&nbsp;&nbsp; 703681, 23.160%, 2/27/2024 †x#^ | BlueVine | 3/15/2023 | 24283 | 25255 | 3642 |
| &nbsp;&nbsp;&nbsp; 703689, 74.880%, 9/18/2023 †x#^ | BlueVine | 3/15/2023 | 6319 | 6571 | 948 |
| &nbsp;&nbsp;&nbsp; 703814, 85.800%, 9/12/2023 †x#^ | BlueVine | 3/16/2023 | 6077 | 6320 | 911 |
| &nbsp;&nbsp;&nbsp; 703982, 59.280%, 4/12/2024 †x#^ | BlueVine | 3/17/2023 | 4495 | 4675 | 674 |
| &nbsp;&nbsp;&nbsp; 703984, 88.400%, 9/20/2023 †x#^ | BlueVine | 3/17/2023 | 8401 | 8737 | 1260 |
| &nbsp;&nbsp;&nbsp; 703992, 39.960%, 3/01/2024 †x#^ | BlueVine | 3/17/2023 | 1702 | 1770 | 255 |
| &nbsp;&nbsp;&nbsp; 704137, 33.960%, 4/09/2024 †x#^ | BlueVine | 3/20/2023 | 6899 | 7175 | 1035 |
| &nbsp;&nbsp;&nbsp; 704338, 33.800%, 9/15/2023 †x#^ | BlueVine | 3/21/2023 | 16170 | 16816 | 2425 |
| &nbsp;&nbsp;&nbsp; 704355, 85.800%, 9/15/2023 †x#^ | BlueVine | 3/21/2023 | 512 | 532 | 77 |
| &nbsp;&nbsp;&nbsp; 704448, 23.160%, 4/22/2024 †x#^ | BlueVine | 3/23/2023 | 13401 | 13937 | 2010 |
| &nbsp;&nbsp;&nbsp; 704515, 35.880%, 9/18/2023 †x#^ | BlueVine | 3/22/2023 | 598 | 622 | 90 |
| &nbsp;&nbsp;&nbsp; 704629, 85.800%, 3/28/2025 †x#^ | BlueVine | 3/28/2023 | 15100 | 15704 | 2265 |
| &nbsp;&nbsp;&nbsp; 704644, 32.760%, 3/21/2024 †x#^ | BlueVine | 3/23/2023 | 14039 | 14601 | 2106 |
| &nbsp;&nbsp;&nbsp; 704668, 33.000%, 3/18/2024 †x#^ | BlueVine | 3/23/2023 | 2106 | 2191 | 316 |
| &nbsp;&nbsp;&nbsp; 704767, 50.440%, 9/20/2023 †x#^ | BlueVine | 3/24/2023 | 4907 | 5104 | 736 |
| &nbsp;&nbsp;&nbsp; 704922, 32.500%, 11/24/2023 †x#^ | BlueVine | 3/27/2023 | 7271 | 7562 | 1091 |
| &nbsp;&nbsp;&nbsp; 704927, 74.880%, 3/29/2024 †x#^ | BlueVine | 3/27/2023 | 10728 | 11157 | 1609 |
| &nbsp;&nbsp;&nbsp; 705071, 35.880%, 7/23/2024 †x#^ | BlueVine | 3/28/2023 | 3446 | 3584 | 517 |
| &nbsp;&nbsp;&nbsp; 705203, 69.680%, 10/10/2023 †x#^ | BlueVine | 3/29/2023 | 12105 | 12589 | 1816 |
| &nbsp;&nbsp;&nbsp; 705211, 80.080%, 9/25/2023 †x#^ | BlueVine | 3/29/2023 | 17778 | 18489 | 2667 |
| &nbsp;&nbsp;&nbsp; 705335, 74.880%, 9/26/2023 †x#^ | BlueVine | 3/30/2023 | 5299 | 5511 | 795 |
| &nbsp;&nbsp;&nbsp; 705342, 62.160%, 3/21/2024 †x#^ | BlueVine | 3/30/2023 | 2876 | 2991 | 431 |
| &nbsp;&nbsp;&nbsp; 705344, 45.760%, 12/07/2023 †x#^ | BlueVine | 3/30/2023 | 631 | 656 | 95 |
| &nbsp;&nbsp;&nbsp; 705481, 22.200%, 3/22/2024 †x#^ | BlueVine | 3/31/2023 | 5420 | 5636 | 813 |
| &nbsp;&nbsp;&nbsp; 705499, 39.960%, 10/01/2025 †x#^ | BlueVine | 3/31/2023 | 11405 | 11861 | 1711 |
| &nbsp;&nbsp;&nbsp; 705507, 30.960%, 3/27/2024 †x#^ | BlueVine | 3/31/2023 | 17333 | 18026 | 2600 |
| &nbsp;&nbsp;&nbsp; 705657, 70.720%, 1/24/2025 †x#^ | BlueVine | 4/03/2023 | 414 | 427 | 62 |
| &nbsp;&nbsp;&nbsp; 705670, 78.000%, 9/28/2023 †x#^ | BlueVine | 4/03/2023 | 9748 | 10137 | 1462 |
| &nbsp;&nbsp;&nbsp; 705672, 58.240%, 10/05/2023 †x#^ | BlueVine | 4/03/2023 | 51625 | 53690 | 7744 |
| &nbsp;&nbsp;&nbsp; 706014, 33.800%, 10/02/2023 †x#^ | BlueVine | 4/05/2023 | 12187 | 12675 | 1828 |
| &nbsp;&nbsp;&nbsp; 706034, 82.160%, 10/10/2023 †x#^ | BlueVine | 4/05/2023 | 1072 | 1115 | 161 |
| &nbsp;&nbsp;&nbsp; 706170, 36.000%, 3/27/2024 †x#^ | BlueVine | 4/06/2023 | 12898 | 13414 | 1935 |
| &nbsp;&nbsp;&nbsp; 706350, 35.880%, 10/11/2023 †x#^ | BlueVine | 4/07/2023 | 455 | 473 | 68 |
| &nbsp;&nbsp;&nbsp; 706554, 75.920%, 12/22/2023 †x#^ | BlueVine | 4/10/2023 | 1144 | 1190 | 172 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6326** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 706714, 29.640%, 5/10/2024 †x#^ | BlueVine | 4/11/2023 | $5766 | $5997 | $865 |
| &nbsp;&nbsp;&nbsp; 706783, 57.200%, 10/10/2023 †x#^ | BlueVine | 4/12/2023 | 4410 | 4587 | 662 |
| &nbsp;&nbsp;&nbsp; 706789, 50.760%, 4/15/2024 †x#^ | BlueVine | 4/12/2023 | 14403 | 14979 | 2160 |
| &nbsp;&nbsp;&nbsp; 706805, 40.040%, 12/18/2023 †x#^ | BlueVine | 4/12/2023 | 8289 | 8621 | 1243 |
| &nbsp;&nbsp;&nbsp; 706839, 40.560%, 1/16/2024 †x#^ | BlueVine | 4/12/2023 | 23605 | 24549 | 3541 |
| &nbsp;&nbsp;&nbsp; 706962, 36.000%, 3/26/2024 †x#^ | BlueVine | 4/13/2023 | 3845 | 3998 | 577 |
| &nbsp;&nbsp;&nbsp; 706978, 35.880%, 10/18/2023 †x#^ | BlueVine | 4/13/2023 | 409 | 426 | 61 |
| &nbsp;&nbsp;&nbsp; 707102, 62.920%, 10/11/2023 †x#^ | BlueVine | 4/14/2023 | 1800 | 1872 | 270 |
| &nbsp;&nbsp;&nbsp; 707103, 36.000%, 4/04/2024 †x#^ | BlueVine | 4/14/2023 | 14315 | 14888 | 2147 |
| &nbsp;&nbsp;&nbsp; 707246, 30.360%, 4/12/2024 †x#^ | BlueVine | 4/17/2023 | 34001 | 35361 | 5100 |
| &nbsp;&nbsp;&nbsp; 707271, 82.160%, 2/02/2024 †x#^ | BlueVine | 4/17/2023 | 6704 | 6972 | 1006 |
| &nbsp;&nbsp;&nbsp; 707285, 36.400%, 10/26/2023 †x#^ | BlueVine | 4/17/2023 | 17106 | 17790 | 2566 |
| &nbsp;&nbsp;&nbsp; 707431, 27.000%, 4/15/2024 †x#^ | BlueVine | 4/18/2023 | 29333 | 30506 | 4400 |
| &nbsp;&nbsp;&nbsp; 707625, 60.600%, 4/11/2024 †x#^ | BlueVine | 4/19/2023 | 21789 | 22551 | 3268 |
| &nbsp;&nbsp;&nbsp; 707764, 23.160%, 3/28/2024 †x#^ | BlueVine | 4/20/2023 | 53363 | 55231 | 8004 |
| &nbsp;&nbsp;&nbsp; 707783, 27.000%, 10/28/2024 †x#^ | BlueVine | 4/20/2023 | 16261 | 16830 | 2439 |
| &nbsp;&nbsp;&nbsp; 707951, 50.440%, 10/25/2023 †x#^ | BlueVine | 4/21/2023 | 862 | 892 | 129 |
| &nbsp;&nbsp;&nbsp; 707975, 39.000%, 10/25/2023 †x#^ | BlueVine | 4/21/2023 | 26235 | 27154 | 3935 |
| &nbsp;&nbsp;&nbsp; 707978, 47.520%, 4/15/2024 †x#^ | BlueVine | 4/21/2023 | 9456 | 9787 | 1418 |
| &nbsp;&nbsp;&nbsp; 708130, 50.440%, 2/20/2024 †x#^ | BlueVine | 4/24/2023 | 4485 | 4642 | 673 |
| &nbsp;&nbsp;&nbsp; 708280, 88.400%, 10/27/2023 †x#^ | BlueVine | 4/25/2023 | 2506 | 2593 | 376 |
| &nbsp;&nbsp;&nbsp; 708328, 27.000%, 10/28/2024 †x#^ | BlueVine | 4/25/2023 | 6920 | 7162 | 1038 |
| &nbsp;&nbsp;&nbsp; 708403, 44.760%, 4/19/2024 †x#^ | BlueVine | 4/26/2023 | 14751 | 15267 | 2213 |
| &nbsp;&nbsp;&nbsp; 708600, 23.160%, 4/23/2024 †x#^ | BlueVine | 4/27/2023 | 10377 | 10740 | 1557 |
| &nbsp;&nbsp;&nbsp; 708608, 34.476%, 10/31/2023 †x#^ | BlueVine | 4/27/2023 | 4118 | 4262 | 618 |
| &nbsp;&nbsp;&nbsp; 708737, 58.240%, 10/25/2023 †x#^ | BlueVine | 4/28/2023 | 10354 | 10717 | 1553 |
| &nbsp;&nbsp;&nbsp; 708768, 39.960%, 4/15/2024 †x#^ | BlueVine | 4/28/2023 | 2154 | 2230 | 323 |
| &nbsp;&nbsp;&nbsp; 708920, 29.640%, 10/26/2023 †x#^ | BlueVine | 5/01/2023 | 21237 | 21980 | 3186 |
| &nbsp;&nbsp;&nbsp; 708921, 57.200%, 12/28/2023 †x#^ | BlueVine | 5/01/2023 | 3448 | 3569 | 517 |
| &nbsp;&nbsp;&nbsp; 709239, 23.160%, 4/12/2024 †x#^ | BlueVine | 5/03/2023 | 6509 | 6737 | 976 |
| &nbsp;&nbsp;&nbsp; 709400, 23.160%, 10/28/2024 †x#^ | BlueVine | 5/04/2023 | 1166 | 1207 | 175 |
| &nbsp;&nbsp;&nbsp; 709451, 71.760%, 10/31/2023 †x#^ | BlueVine | 5/04/2023 | 14590 | 15101 | 2189 |
| &nbsp;&nbsp;&nbsp; 709693, 24.120%, 6/10/2024 †x#^ | BlueVine | 5/08/2023 | 14321 | 14822 | 2148 |
| &nbsp;&nbsp;&nbsp; 709864, 85.800%, 11/03/2023 †x#^ | BlueVine | 5/09/2023 | 30576 | 31646 | 4586 |
| &nbsp;&nbsp;&nbsp; 710042, 45.500%, 11/20/2023 †x#^ | BlueVine | 5/10/2023 | 41725 | 43186 | 6259 |
| &nbsp;&nbsp;&nbsp; 710047, 80.080%, 11/13/2023 †x#^ | BlueVine | 5/10/2023 | 3556 | 3680 | 533 |
| &nbsp;&nbsp;&nbsp; 710200, 74.880%, 11/14/2023 †x#^ | BlueVine | 5/11/2023 | 2732 | 2827 | 410 |
| &nbsp;&nbsp;&nbsp; 710300, 30.360%, 11/12/2024 †x#^ | BlueVine | 5/12/2023 | 16020 | 16574 | 2403 |
| &nbsp;&nbsp;&nbsp; 710314, 63.120%, 5/09/2024 †x#^ | BlueVine | 5/12/2023 | 29289 | 30314 | 4393 |
| &nbsp;&nbsp;&nbsp; 710494, 23.160%, 6/03/2024 †x#^ | BlueVine | 5/15/2023 | 3666 | 3794 | 550 |
| &nbsp;&nbsp;&nbsp; 710506, 33.000%, 5/01/2024 †x#^ | BlueVine | 5/15/2023 | 25214 | 26097 | 3782 |
| &nbsp;&nbsp;&nbsp; 710659, 42.900%, 11/17/2023 †x#^ | BlueVine | 5/16/2023 | 7955 | 8234 | 1193 |
| &nbsp;&nbsp;&nbsp; 710930, 34.560%, 4/07/2025 †x#^ | BlueVine | 5/18/2023 | 24210 | 25058 | 3632 |
| &nbsp;&nbsp;&nbsp; 711222, 70.720%, 12/15/2023 †x#^ | BlueVine | 5/22/2023 | 2810 | 2908 | 421 |
| &nbsp;&nbsp;&nbsp; 711323, 23.160%, 2/27/2025 †x#^ | BlueVine | 5/23/2023 | 32802 | 33950 | 4920 |
| &nbsp;&nbsp;&nbsp; 711476, 34.476%, 11/27/2023 †x#^ | BlueVine | 5/24/2023 | 2046 | 2118 | 307 |
| &nbsp;&nbsp;&nbsp; 711562, 24.120%, 5/09/2024 †x#^ | BlueVine | 5/25/2023 | 3464 | 3585 | 520 |
| &nbsp;&nbsp;&nbsp; 711578, 50.520%, 8/18/2025 †x#^ | BlueVine | 5/25/2023 | 7943 | 8221 | 1191 |
| &nbsp;&nbsp;&nbsp; 711703, 23.160%, 5/02/2024 †x#^ | BlueVine | 5/26/2023 | 20147 | 20852 | 3022 |
| &nbsp;&nbsp;&nbsp; 711823, 36.000%, 5/28/2024 †x#^ | BlueVine | 5/30/2023 | 4601 | 4762 | 690 |
| &nbsp;&nbsp;&nbsp; 711842, 52.520%, 4/18/2025 †x#^ | BlueVine | 5/30/2023 | 1324 | 1371 | 199 |
| &nbsp;&nbsp;&nbsp; 711974, 70.720%, 1/10/2025 †x#^ | BlueVine | 5/31/2023 | 4961 | 5103 | 744 |
| &nbsp;&nbsp;&nbsp; 712142, 22.200%, 5/28/2024 †x#^ | BlueVine | 6/01/2023 | 23120 | 23929 | 3468 |
| &nbsp;&nbsp;&nbsp; 712319, 30.360%, 6/17/2024 †x#^ | BlueVine | 6/02/2023 | 18582 | 19232 | 2787 |
| &nbsp;&nbsp;&nbsp; 712456, 58.760%, 12/07/2023 †x#^ | BlueVine | 6/05/2023 | 34147 | 35342 | 5122 |
| &nbsp;&nbsp;&nbsp; 712611, 80.080%, 12/01/2023 †x#^ | BlueVine | 6/06/2023 | 6538 | 6767 | 981 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6327** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 712791, 50.440%, 12/04/2023 †x#^ | BlueVine | 6/07/2023 | $44124 | $45669 | $6619 |
| &nbsp;&nbsp;&nbsp; 712819, 30.000%, 5/28/2024 †x#^ | BlueVine | 6/07/2023 | 2682 | 2776 | 402 |
| &nbsp;&nbsp;&nbsp; 712831, 30.680%, 12/04/2023 †x#^ | BlueVine | 6/07/2023 | 22 | 23 | 3 |
| &nbsp;&nbsp;&nbsp; 712949, 23.400%, 12/27/2023 †x#^ | BlueVine | 6/08/2023 | 22029 | 22418 | 3304 |
| &nbsp;&nbsp;&nbsp; 712983, 32.520%, 8/08/2024 †x#^ | BlueVine | 6/08/2023 | 3713 | 3843 | 557 |
| &nbsp;&nbsp;&nbsp; 713061, 70.720%, 1/05/2024 †x#^ | BlueVine | 6/09/2023 | 5798 | 6001 | 870 |
| &nbsp;&nbsp;&nbsp; 713196, 39.960%, 12/16/2024 †x#^ | BlueVine | 6/12/2023 | 29432 | 30462 | 4415 |
| &nbsp;&nbsp;&nbsp; 713463, 62.400%, 5/15/2024 †x#^ | BlueVine | 6/14/2023 | 3524 | 3647 | 529 |
| &nbsp;&nbsp;&nbsp; 713482, 61.880%, 5/21/2024 †x#^ | BlueVine | 6/14/2023 | 8889 | 9200 | 1333 |
| &nbsp;&nbsp;&nbsp; 713495, 50.440%, 12/22/2023 †x#^ | BlueVine | 6/14/2023 | 986 | 1020 | 148 |
| &nbsp;&nbsp;&nbsp; 713610, 58.240%, 12/12/2023 †x#^ | BlueVine | 6/15/2023 | 10278 | 10638 | 1542 |
| &nbsp;&nbsp;&nbsp; 713618, 85.800%, 12/19/2023 †x#^ | BlueVine | 6/15/2023 | 3161 | 3272 | 474 |
| &nbsp;&nbsp;&nbsp; 713734, 28.920%, 6/04/2024 †x#^ | BlueVine | 6/16/2023 | 8450 | 8746 | 1268 |
| &nbsp;&nbsp;&nbsp; 713740, 32.520%, 8/08/2024 †x#^ | BlueVine | 6/16/2023 | 1857 | 1922 | 279 |
| &nbsp;&nbsp;&nbsp; 713754, 49.560%, 6/06/2024 †x#^ | BlueVine | 6/16/2023 | 25126 | 26005 | 3769 |
| &nbsp;&nbsp;&nbsp; 713776, 52.000%, 1/04/2024 †x#^ | BlueVine | 6/20/2023 | 7420 | 7680 | 1113 |
| &nbsp;&nbsp;&nbsp; 713864, 58.760%, 12/21/2023 †x#^ | BlueVine | 6/20/2023 | 18665 | 19319 | 2800 |
| &nbsp;&nbsp;&nbsp; 713891, 50.440%, 12/28/2023 †x#^ | BlueVine | 6/20/2023 | 1441 | 1491 | 216 |
| &nbsp;&nbsp;&nbsp; 713918, 88.400%, 12/14/2023 †x#^ | BlueVine | 6/20/2023 | 17464 | 18075 | 2620 |
| &nbsp;&nbsp;&nbsp; 714272, 74.880%, 1/02/2024 †x#^ | BlueVine | 6/22/2023 | 700 | 725 | 105 |
| &nbsp;&nbsp;&nbsp; 714361, 57.200%, 3/07/2025 †x#^ | BlueVine | 6/22/2023 | 4609 | 4771 | 691 |
| &nbsp;&nbsp;&nbsp; 714820, 40.560%, 1/02/2024 †x#^ | BlueVine | 6/28/2023 | 1574 | 1629 | 236 |
| &nbsp;&nbsp;&nbsp; 714823, 57.200%, 2/16/2024 †x#^ | BlueVine | 6/28/2023 | 5021 | 5197 | 753 |
| &nbsp;&nbsp;&nbsp; 714937, 71.760%, 12/26/2023 †x#^ | BlueVine | 6/29/2023 | 11648 | 12056 | 1747 |
| &nbsp;&nbsp;&nbsp; 714938, 40.800%, 3/27/2025 †x#^ | BlueVine | 6/29/2023 | 62940 | 65143 | 9441 |
| &nbsp;&nbsp;&nbsp; 715241, 32.520%, 7/08/2024 †x#^ | BlueVine | 7/03/2023 | 6499 | 6726 | 975 |
| &nbsp;&nbsp;&nbsp; 715334, 58.760%, 1/04/2024 †x#^ | BlueVine | 7/03/2023 | 9754 | 10095 | 1463 |
| &nbsp;&nbsp;&nbsp; 715351, 58.760%, 8/02/2024 †x#^ | BlueVine | 7/05/2023 | 26559 | 27488 | 3984 |
| &nbsp;&nbsp;&nbsp; 715352, 22.200%, 7/02/2024 †x#^ | BlueVine | 7/05/2023 | 2364 | 2447 | 355 |
| &nbsp;&nbsp;&nbsp; 715503, 41.600%, 1/02/2024 †x#^ | BlueVine | 7/06/2023 | 4762 | 4928 | 714 |
| &nbsp;&nbsp;&nbsp; 715518, 33.960%, 7/09/2024 †x#^ | BlueVine | 7/06/2023 | 1411 | 1460 | 212 |
| &nbsp;&nbsp;&nbsp; 715660, 30.680%, 1/31/2024 †x#^ | BlueVine | 7/07/2023 | 1273 | 1317 | 191 |
| &nbsp;&nbsp;&nbsp; 715672, 42.900%, 1/03/2024 †x#^ | BlueVine | 7/07/2023 | 24113 | 24957 | 3617 |
| &nbsp;&nbsp;&nbsp; 715879, 67.600%, 1/04/2024 †x#^ | BlueVine | 7/10/2023 | 8662 | 8965 | 1299 |
| &nbsp;&nbsp;&nbsp; 716000, 34.268%, 8/22/2025 †x#^ | BlueVine | 7/11/2023 | 1285 | 1330 | 193 |
| &nbsp;&nbsp;&nbsp; 716162, 71.760%, 1/22/2024 †x#^ | BlueVine | 7/12/2023 | 1457 | 1508 | 218 |
| &nbsp;&nbsp;&nbsp; 716285, 63.960%, 1/09/2024 †x#^ | BlueVine | 7/13/2023 | 46149 | 47764 | 6922 |
| &nbsp;&nbsp;&nbsp; 716303, 30.680%, 1/31/2024 †x#^ | BlueVine | 7/13/2023 | 1273 | 1317 | 191 |
| &nbsp;&nbsp;&nbsp; 716306, 85.800%, 1/16/2024 †x#^ | BlueVine | 7/13/2023 | 4373 | 4526 | 656 |
| &nbsp;&nbsp;&nbsp; 716323, 70.720%, 3/12/2025 †x#^ | BlueVine | 7/13/2023 | 764 | 790 | 115 |
| &nbsp;&nbsp;&nbsp; 716434, 41.600%, 5/09/2025 †x#^ | BlueVine | 7/14/2023 | 123693 | 128022 | 18554 |
| &nbsp;&nbsp;&nbsp; 716444, 75.920%, 10/15/2024 †x#^ | BlueVine | 7/14/2023 | 3177 | 3288 | 477 |
| &nbsp;&nbsp;&nbsp; 716602, 29.760%, 6/26/2024 †x#^ | BlueVine | 7/17/2023 | 9052 | 9369 | 1358 |
| &nbsp;&nbsp;&nbsp; 716632, 45.240%, 1/11/2024 †x#^ | BlueVine | 7/17/2023 | 4302 | 4453 | 645 |
| &nbsp;&nbsp;&nbsp; 716746, 75.920%, 1/02/2025 †x#^ | BlueVine | 7/18/2023 | 2518 | 2607 | 378 |
| &nbsp;&nbsp;&nbsp; 716752, 39.960%, 8/28/2025 †x#^ | BlueVine | 7/18/2023 | 40816 | 42244 | 6122 |
| &nbsp;&nbsp;&nbsp; 716897, 30.680%, 5/10/2024 †x#^ | BlueVine | 7/19/2023 | 3636 | 3763 | 545 |
| &nbsp;&nbsp;&nbsp; 717047, 85.800%, 1/23/2024 †x#^ | BlueVine | 7/20/2023 | 3456 | 3569 | 518 |
| &nbsp;&nbsp;&nbsp; 717048, 67.600%, 2/03/2025 †x^ | BlueVine | 7/20/2023 | 8004 | 8004 |  |
| &nbsp;&nbsp;&nbsp; 717147, 40.920%, 7/18/2024 †x#^ | BlueVine | 7/21/2023 | 2871 | 2964 | 431 |
| &nbsp;&nbsp;&nbsp; 717294, 62.160%, 7/28/2025 †x#^ | BlueVine | 7/24/2023 | 4490 | 4636 | 673 |
| &nbsp;&nbsp;&nbsp; 717397, 62.160%, 7/17/2024 †x#^ | BlueVine | 7/25/2023 | 9820 | 10139 | 1473 |
| &nbsp;&nbsp;&nbsp; 717420, 33.000%, 7/08/2024 †x#^ | BlueVine | 7/25/2023 | 12826 | 13243 | 1924 |
| &nbsp;&nbsp;&nbsp; 717662, 75.920%, 6/14/2024 †x#^ | BlueVine | 7/27/2023 | 67717 | 69918 | 10158 |
| &nbsp;&nbsp;&nbsp; 717677, 58.760%, 2/06/2024 †x#^ | BlueVine | 7/27/2023 | 68420 | 70643 | 10263 |
| &nbsp;&nbsp;&nbsp; 717802, 62.160%, 7/22/2024 †x#^ | BlueVine | 7/28/2023 | 4362 | 4504 | 654 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6328** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 717818, 36.000%, 7/22/2024 †x#^ | BlueVine | 7/28/2023 | $12854 | $13272 | $1928 |
| &nbsp;&nbsp;&nbsp; 717826, 75.920%, 1/31/2024 †x#^ | BlueVine | 7/28/2023 | 1558 | 1609 | 234 |
| &nbsp;&nbsp;&nbsp; 718067, 33.000%, 9/11/2024 †x#^ | BlueVine | 8/01/2023 | 15561 | 16067 | 2334 |
| &nbsp;&nbsp;&nbsp; 718076, 39.000%, 2/02/2024 †x#^ | BlueVine | 8/01/2023 | 2394 | 2472 | 359 |
| &nbsp;&nbsp;&nbsp; 718103, 75.920%, 2/07/2024 †x#^ | BlueVine | 8/01/2023 | 11500 | 11874 | 1725 |
| &nbsp;&nbsp;&nbsp; 718225, 49.560%, 7/15/2024 †x#^ | BlueVine | 8/02/2023 | 10127 | 10456 | 1519 |
| &nbsp;&nbsp;&nbsp; 718367, 36.000%, 7/22/2024 †x#^ | BlueVine | 8/03/2023 | 5177 | 5345 | 777 |
| &nbsp;&nbsp;&nbsp; 718375, 88.400%, 2/06/2024 †x#^ | BlueVine | 8/03/2023 | 6549 | 6762 | 982 |
| &nbsp;&nbsp;&nbsp; 718393, 30.360%, 7/15/2024 †x#^ | BlueVine | 8/03/2023 | 1951 | 2015 | 293 |
| &nbsp;&nbsp;&nbsp; 718423, 85.800%, 5/03/2024 †x#^ | BlueVine | 8/03/2023 | 871 | 900 | 131 |
| &nbsp;&nbsp;&nbsp; 718512, 88.400%, 1/31/2024 †x#^ | BlueVine | 8/04/2023 | 1332 | 1375 | 200 |
| &nbsp;&nbsp;&nbsp; 718534, 43.160%, 3/04/2026 †x# | BlueVine | 8/04/2023 | 15450 | 15953 | 2318 |
| &nbsp;&nbsp;&nbsp; 718538, 51.480%, 2/15/2024 †x#^ | BlueVine | 8/04/2023 | 26846 | 27719 | 4027 |
| &nbsp;&nbsp;&nbsp; 718796, 41.600%, 2/02/2024 †x#^ | BlueVine | 8/08/2023 | 20993 | 21675 | 3149 |
| &nbsp;&nbsp;&nbsp; 719179, 30.360%, 8/05/2024 †x#^ | BlueVine | 8/11/2023 | 20981 | 21663 | 3147 |
| &nbsp;&nbsp;&nbsp; 719324, 27.000%, 4/24/2025 †x#^ | BlueVine | 8/14/2023 | 7198 | 7432 | 1080 |
| &nbsp;&nbsp;&nbsp; 719332, 88.400%, 1/08/2026 †x#^ | BlueVine | 8/14/2023 | 8951 | 9242 | 1343 |
| &nbsp;&nbsp;&nbsp; 719444, 63.120%, 8/12/2024 †x#^ | BlueVine | 8/15/2023 | 14407 | 14876 | 2161 |
| &nbsp;&nbsp;&nbsp; 719732, 42.960%, 8/16/2024 †x#^ | BlueVine | 8/17/2023 | 4986 | 5148 | 748 |
| &nbsp;&nbsp;&nbsp; 719788, 35.880%, 8/05/2024 †x#^ | BlueVine | 8/17/2023 | 12890 | 13309 | 1933 |
| &nbsp;&nbsp;&nbsp; 719904, 73.840%, 3/26/2024 †x#^ | BlueVine | 8/18/2023 | 27418 | 28309 | 4113 |
| &nbsp;&nbsp;&nbsp; 720272, 85.800%, 3/04/2024 †x#^ | BlueVine | 8/23/2023 | 5986 | 6181 | 898 |
| &nbsp;&nbsp;&nbsp; 720649, 74.880%, 11/08/2024 †x#^ | BlueVine | 8/28/2023 | 21853 | 22564 | 3278 |
| &nbsp;&nbsp;&nbsp; 720768, 37.440%, 2/23/2024 †x#^ | BlueVine | 8/29/2023 | 1662 | 1716 | 249 |
| &nbsp;&nbsp;&nbsp; 720875, 30.680%, 2/26/2024 †x#^ | BlueVine | 8/30/2023 | 22 | 23 | 3 |
| &nbsp;&nbsp;&nbsp; 721151, 43.920%, 9/03/2024 †x#^ | BlueVine | 9/01/2023 | 110742 | 114341 | 16611 |
| &nbsp;&nbsp;&nbsp; 721169, 45.000%, 8/13/2024 †x#^ | BlueVine | 9/01/2023 | 31849 | 32884 | 4777 |
| &nbsp;&nbsp;&nbsp; 721273, 48.880%, 9/27/2024 †x#^ | BlueVine | 9/05/2023 | 19336 | 19964 | 2900 |
| &nbsp;&nbsp;&nbsp; 721442, 45.480%, 10/21/2024 †x#^ | BlueVine | 9/06/2023 | 2037 | 2103 | 306 |
| &nbsp;&nbsp;&nbsp; 721472, 50.520%, 8/26/2024 †x#^ | BlueVine | 9/06/2023 | 2344 | 2421 | 352 |
| &nbsp;&nbsp;&nbsp; 721556, 88.400%, 3/21/2024 †x#^ | BlueVine | 9/07/2023 | 3238 | 3344 | 486 |
| &nbsp;&nbsp;&nbsp; 721557, 35.880%, 7/01/2024 †x#^ | BlueVine | 9/07/2023 | 822 | 849 | 123 |
| &nbsp;&nbsp;&nbsp; 721607, 75.920%, 6/14/2024 †x#^ | BlueVine | 9/07/2023 | 7931 | 8189 | 1190 |
| &nbsp;&nbsp;&nbsp; 721609, 50.440%, 3/05/2024 †x#^ | BlueVine | 9/07/2023 | 1874 | 1935 | 281 |
| &nbsp;&nbsp;&nbsp; 721945, 80.080%, 3/14/2024 †x#^ | BlueVine | 9/11/2023 | 5339 | 5513 | 801 |
| &nbsp;&nbsp;&nbsp; 721959, 45.480%, 7/13/2026 †x# | BlueVine | 9/11/2023 | 18174 | 18765 | 2726 |
| &nbsp;&nbsp;&nbsp; 722118, 56.680%, 3/08/2024 †x#^ | BlueVine | 9/12/2023 | 1254 | 1295 | 188 |
| &nbsp;&nbsp;&nbsp; 722266, 32.760%, 9/09/2024 †x#^ | BlueVine | 9/13/2023 | 3430 | 3542 | 515 |
| &nbsp;&nbsp;&nbsp; 722293, 42.120%, 9/16/2024 †x#^ | BlueVine | 9/13/2023 | 14229 | 14692 | 2134 |
| &nbsp;&nbsp;&nbsp; 722389, 30.680%, 6/25/2024 †x#^ | BlueVine | 9/14/2023 | 4941 | 5102 | 741 |
| &nbsp;&nbsp;&nbsp; 722566, 42.900%, 3/13/2024 †x#^ | BlueVine | 9/15/2023 | 7968 | 8227 | 1195 |
| &nbsp;&nbsp;&nbsp; 722861, 67.600%, 6/28/2024 †x#^ | BlueVine | 9/19/2023 | 4880 | 5038 | 732 |
| &nbsp;&nbsp;&nbsp; 722970, 57.200%, 5/14/2024 †x#^ | BlueVine | 9/20/2023 | 20930 | 21610 | 3139 |
| &nbsp;&nbsp;&nbsp; 722979, 31.200%, 12/30/2024 †x#^ | BlueVine | 9/20/2023 | 2050 | 2116 | 307 |
| &nbsp;&nbsp;&nbsp; 723102, 56.680%, 9/17/2024 †x#^ | BlueVine | 9/21/2023 | 29363 | 30317 | 4404 |
| &nbsp;&nbsp;&nbsp; 723254, 42.120%, 4/02/2025 †x#^ | BlueVine | 9/22/2023 | 43961 | 45390 | 6594 |
| &nbsp;&nbsp;&nbsp; 723258, 40.800%, 12/16/2025 †x#^ | BlueVine | 9/22/2023 | 36216 | 37393 | 5432 |
| &nbsp;&nbsp;&nbsp; 723262, 67.600%, 3/27/2024 †x#^ | BlueVine | 9/22/2023 | 2295 | 2369 | 344 |
| &nbsp;&nbsp;&nbsp; 723325, 22.800%, 9/16/2024 †x#^ | BlueVine | 9/25/2023 | 7563 | 7808 | 1134 |
| &nbsp;&nbsp;&nbsp; 723361, 30.360%, 9/13/2024 †x#^ | BlueVine | 9/25/2023 | 24391 | 25184 | 3659 |
| &nbsp;&nbsp;&nbsp; 723495, 66.560%, 3/29/2024 †x#^ | BlueVine | 9/26/2023 | 8174 | 8440 | 1226 |
| &nbsp;&nbsp;&nbsp; 723985, 29.760%, 9/11/2024 †x#^ | BlueVine | 10/02/2023 | 12374 | 12776 | 1856 |
| &nbsp;&nbsp;&nbsp; 724032, 42.960%, 10/15/2024 †x#^ | BlueVine | 10/02/2023 | 23163 | 23915 | 3474 |
| &nbsp;&nbsp;&nbsp; 724149, 48.960%, 10/02/2024 †x#^ | BlueVine | 10/03/2023 | 3878 | 4004 | 582 |
| &nbsp;&nbsp;&nbsp; 724342, 31.200%, 4/29/2024 †x#^ | BlueVine | 10/04/2023 | 14235 | 14698 | 2135 |
| &nbsp;&nbsp;&nbsp; 724347, 36.000%, 3/19/2025 †x#^ | BlueVine | 10/04/2023 | 5825 | 6015 | 874 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6329** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 724367, 75.920%, 4/08/2024 †x#^ | BlueVine | 10/04/2023 | $20037 | $20688 | $3006 |
| &nbsp;&nbsp;&nbsp; 724377, 42.960%, 10/21/2024 †x#^ | BlueVine | 10/04/2023 | 1578 | 1630 | 237 |
| &nbsp;&nbsp;&nbsp; 724610, 75.920%, 5/31/2024 †x#^ | BlueVine | 10/06/2023 | 4621 | 4771 | 693 |
| &nbsp;&nbsp;&nbsp; 724755, 75.920%, 4/11/2024 †x#^ | BlueVine | 10/10/2023 | 8864 | 9152 | 1330 |
| &nbsp;&nbsp;&nbsp; 724771, 35.640%, 10/07/2024 †x#^ | BlueVine | 10/10/2023 | 14398 | 14866 | 2160 |
| &nbsp;&nbsp;&nbsp; 724775, 23.160%, 5/12/2025 †x#^ | BlueVine | 10/10/2023 | 17249 | 17810 | 2587 |
| &nbsp;&nbsp;&nbsp; 724777, 58.760%, 4/04/2024 †x#^ | BlueVine | 10/10/2023 | 3695 | 3815 | 554 |
| &nbsp;&nbsp;&nbsp; 724881, 30.680%, 4/05/2024 †x#^ | BlueVine | 10/11/2023 | 1100 | 1136 | 165 |
| &nbsp;&nbsp;&nbsp; 724892, 41.080%, 8/16/2024 †x#^ | BlueVine | 10/11/2023 | 25094 | 25910 | 3764 |
| &nbsp;&nbsp;&nbsp; 724931, 80.080%, 8/02/2024 †x#^ | BlueVine | 10/11/2023 | 13748 | 14195 | 2062 |
| &nbsp;&nbsp;&nbsp; 725237, 85.800%, 4/10/2024 †x#^ | BlueVine | 10/13/2023 | 8941 | 9231 | 1341 |
| &nbsp;&nbsp;&nbsp; 725337, 52.000%, 4/11/2024 †x#^ | BlueVine | 10/16/2023 | 4769 | 4924 | 715 |
| &nbsp;&nbsp;&nbsp; 725362, 41.080%, 10/25/2024 †x#^ | BlueVine | 10/16/2023 | 3472 | 3584 | 521 |
| &nbsp;&nbsp;&nbsp; 725376, 75.920%, 4/19/2024 †x#^ | BlueVine | 10/16/2023 | 16076 | 16599 | 2411 |
| &nbsp;&nbsp;&nbsp; 725486, 62.160%, 9/23/2024 †x#^ | BlueVine | 10/17/2023 | 7975 | 8234 | 1196 |
| &nbsp;&nbsp;&nbsp; 725744, 78.000%, 4/23/2024 †x#^ | BlueVine | 10/19/2023 | 12666 | 13077 | 1900 |
| &nbsp;&nbsp;&nbsp; 725890, 83.200%, 5/13/2024 †x#^ | BlueVine | 10/20/2023 | 16088 | 16611 | 2413 |
| &nbsp;&nbsp;&nbsp; 725995, 49.560%, 10/15/2024 †x#^ | BlueVine | 10/23/2023 | 15540 | 16045 | 2331 |
| &nbsp;&nbsp;&nbsp; 726013, 42.960%, 10/16/2024 †x#^ | BlueVine | 10/23/2023 | 9161 | 9458 | 1374 |
| &nbsp;&nbsp;&nbsp; 726109, 44.760%, 10/21/2024 †x#^ | BlueVine | 10/24/2023 | 47876 | 49432 | 7181 |
| &nbsp;&nbsp;&nbsp; 726350, 36.960%, 10/25/2024 †x#^ | BlueVine | 10/26/2023 | 8152 | 8417 | 1223 |
| &nbsp;&nbsp;&nbsp; 726460, 36.920%, 2/14/2025 †x#^ | BlueVine | 10/27/2023 | 18231 | 18824 | 2735 |
| &nbsp;&nbsp;&nbsp; 726561, 32.760%, 5/02/2024 †x#^ | BlueVine | 10/30/2023 | 10755 | 11104 | 1613 |
| &nbsp;&nbsp;&nbsp; 726579, 30.000%, 11/20/2025 †x#^ | BlueVine | 10/30/2023 | 4053 | 4184 | 608 |
| &nbsp;&nbsp;&nbsp; 726827, 39.960%, 12/01/2025 †x#^ | BlueVine | 11/01/2023 | 6563 | 6777 | 985 |
| &nbsp;&nbsp;&nbsp; 727305, 31.680%, 11/04/2024 †x#^ | BlueVine | 11/07/2023 | 69606 | 71869 | 10441 |
| &nbsp;&nbsp;&nbsp; 727567, 33.000%, 7/14/2025 †x#^ | BlueVine | 11/09/2023 | 3323 | 3431 | 498 |
| &nbsp;&nbsp;&nbsp; 727663, 45.480%, 9/11/2026 †x# | BlueVine | 11/10/2023 | 7927 | 8185 | 1189 |
| &nbsp;&nbsp;&nbsp; 727668, 33.800%, 9/09/2024 †x#^ | BlueVine | 11/10/2023 | 4356 | 4497 | 653 |
| &nbsp;&nbsp;&nbsp; 727706, 81.120%, 8/23/2024 †x#^ | BlueVine | 11/10/2023 | 2565 | 2649 | 385 |
| &nbsp;&nbsp;&nbsp; 727919, 36.920%, 3/07/2025 †x#^ | BlueVine | 11/14/2023 | 11000 | 11358 | 1650 |
| &nbsp;&nbsp;&nbsp; 728004, 41.600%, 5/20/2024 †x#^ | BlueVine | 11/15/2023 | 39069 | 40339 | 5860 |
| &nbsp;&nbsp;&nbsp; 728007, 85.800%, 5/13/2024 †x#^ | BlueVine | 11/15/2023 | 14164 | 14624 | 2125 |
| &nbsp;&nbsp;&nbsp; 728010, 39.520%, 6/04/2024 †x#^ | BlueVine | 11/15/2023 | 5826 | 6015 | 874 |
| &nbsp;&nbsp;&nbsp; 728025, 32.760%, 7/02/2024 †x#^ | BlueVine | 11/15/2023 | 5226 | 5396 | 784 |
| &nbsp;&nbsp;&nbsp; 728151, 62.400%, 8/11/2025 †x#^ | BlueVine | 11/16/2023 | 2907 | 3002 | 436 |
| &nbsp;&nbsp;&nbsp; 728235, 42.960%, 11/20/2024 †x#^ | BlueVine | 11/17/2023 | 5817 | 6006 | 873 |
| &nbsp;&nbsp;&nbsp; 728287, 59.280%, 12/20/2027 †x# | BlueVine | 11/17/2023 | 88205 | 91072 | 13231 |
| &nbsp;&nbsp;&nbsp; 728392, 35.880%, 5/31/2024 †x#^ | BlueVine | 11/20/2023 | 11161 | 11523 | 1674 |
| &nbsp;&nbsp;&nbsp; 728499, 27.960%, 11/17/2025 †x#^ | BlueVine | 11/21/2023 | 23232 | 23987 | 3485 |
| &nbsp;&nbsp;&nbsp; 728637, 54.600%, 5/20/2024 †x#^ | BlueVine | 11/22/2023 | 1627 | 1680 | 244 |
| &nbsp;&nbsp;&nbsp; 728720, 22.920%, 4/25/2025 †x#^ | BlueVine | 11/24/2023 | 1047 | 1081 | 157 |
| &nbsp;&nbsp;&nbsp; 728757, 57.720%, 5/28/2024 †x#^ | BlueVine | 11/24/2023 | 12 | 12 | 2 |
| &nbsp;&nbsp;&nbsp; 728871, 23.400%, 8/30/2024 †x#^ | BlueVine | 11/27/2023 | 8263 | 8531 | 1239 |
| &nbsp;&nbsp;&nbsp; 728876, 39.600%, 7/14/2025 †x#^ | BlueVine | 11/27/2023 | 1522 | 1572 | 228 |
| &nbsp;&nbsp;&nbsp; 728880, 51.480%, 5/22/2024 †x#^ | BlueVine | 11/27/2023 | 8582 | 8861 | 1287 |
| &nbsp;&nbsp;&nbsp; 728893, 33.000%, 11/29/2024 †x#^ | BlueVine | 11/27/2023 | 40935 | 42266 | 6140 |
| &nbsp;&nbsp;&nbsp; 728915, 23.400%, 9/06/2024 †x#^ | BlueVine | 11/27/2023 | 13305 | 13737 | 1996 |
| &nbsp;&nbsp;&nbsp; 729076, 56.680%, 5/28/2024 †x#^ | BlueVine | 11/29/2023 | 21641 | 22344 | 3246 |
| &nbsp;&nbsp;&nbsp; 729221, 83.200%, 6/17/2024 †x#^ | BlueVine | 11/30/2023 | 10000 | 10325 | 1500 |
| &nbsp;&nbsp;&nbsp; 729325, 24.480%, 3/17/2025 †x#^ | BlueVine | 12/01/2023 | 13714 | 14159 | 2057 |
| &nbsp;&nbsp;&nbsp; 729341, 80.080%, 5/29/2024 †x#^ | BlueVine | 12/01/2023 | 7782 | 8035 | 1167 |
| &nbsp;&nbsp;&nbsp; 729356, 22.920%, 4/25/2025 †x#^ | BlueVine | 12/01/2023 | 629 | 649 | 94 |
| &nbsp;&nbsp;&nbsp; 729366, 45.000%, 12/05/2024 †x#^ | BlueVine | 12/01/2023 | 25124 | 25940 | 3769 |
| &nbsp;&nbsp;&nbsp; 729372, 62.400%, 8/11/2025 †x#^ | BlueVine | 12/01/2023 | 2640 | 2726 | 396 |
| &nbsp;&nbsp;&nbsp; 729465, 24.480%, 3/17/2025 †x#^ | BlueVine | 12/04/2023 | 10798 | 11149 | 1620 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6330** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 729501, 30.680%, 5/30/2024 †x#^ | BlueVine | 12/04/2023 | $289 | $299 | $43 |
| &nbsp;&nbsp;&nbsp; 729507, 22.200%, 11/25/2024 †x#^ | BlueVine | 12/04/2023 | 3580 | 3697 | 537 |
| &nbsp;&nbsp;&nbsp; 729646, 62.280%, 4/14/2025 †x#^ | BlueVine | 12/05/2023 | 4499 | 4645 | 675 |
| &nbsp;&nbsp;&nbsp; 729801, 25.500%, 12/09/2024 †x#^ | BlueVine | 12/06/2023 | 32409 | 33462 | 4861 |
| &nbsp;&nbsp;&nbsp; 730154, 33.000%, 12/13/2024 †x#^ | BlueVine | 12/11/2023 | 15064 | 15554 | 2260 |
| &nbsp;&nbsp;&nbsp; 730155, 59.644%, 3/10/2025 †x#^ | BlueVine | 12/11/2023 | 7818 | 8072 | 1173 |
| &nbsp;&nbsp;&nbsp; 730350, 62.280%, 11/20/2024 †x#^ | BlueVine | 12/13/2023 | 8037 | 8299 | 1206 |
| &nbsp;&nbsp;&nbsp; 730539, 33.000%, 8/12/2025 †x#^ | BlueVine | 12/14/2023 | 4048 | 4179 | 607 |
| &nbsp;&nbsp;&nbsp; 730638, 23.400%, 6/12/2024 †x#^ | BlueVine | 12/15/2023 | 4580 | 4729 | 687 |
| &nbsp;&nbsp;&nbsp; 730721, 30.360%, 11/25/2024 †x#^ | BlueVine | 12/18/2023 | 17069 | 17624 | 2560 |
| &nbsp;&nbsp;&nbsp; 730744, 31.200%, 12/30/2024 †x#^ | BlueVine | 12/18/2023 | 3917 | 4044 | 588 |
| &nbsp;&nbsp;&nbsp; 730764, 22.200%, 12/11/2024 †x#^ | BlueVine | 12/18/2023 | 14281 | 14745 | 2142 |
| &nbsp;&nbsp;&nbsp; 731054, 66.560%, 3/24/2025 †x#^ | BlueVine | 12/21/2023 | 18567 | 19170 | 2785 |
| &nbsp;&nbsp;&nbsp; 731537, 31.200%, 12/30/2024 †x#^ | BlueVine | 12/28/2023 | 2680 | 2768 | 402 |
| &nbsp;&nbsp;&nbsp; 731667, 56.680%, 7/10/2024 †x#^ | BlueVine | 12/29/2023 | 857 | 885 | 129 |
| &nbsp;&nbsp;&nbsp; 731675, 37.440%, 10/29/2024 †x#^ | BlueVine | 12/29/2023 | 6747 | 6967 | 1012 |
| &nbsp;&nbsp;&nbsp; 731796, 44.720%, 8/15/2025 †x#^ | BlueVine | 1/02/2024 | 9695 | 10010 | 1454 |
| &nbsp;&nbsp;&nbsp; 731DF9AA, 13.000%, 7/19/2026 †‡§#∑ | Unchained | 7/30/2025 | 3500000 | 3500000 | 3513683 |
| &nbsp;&nbsp;&nbsp; 732098, 42.120%, 7/09/2024 †x#^ | BlueVine | 1/04/2024 | 5792 | 5980 | 869 |
| &nbsp;&nbsp;&nbsp; 732126, 47.160%, 12/16/2025 †x#^ | BlueVine | 1/04/2024 | 681 | 703 | 102 |
| &nbsp;&nbsp;&nbsp; 732134, 75.920%, 8/21/2024 †x#^ | BlueVine | 1/04/2024 | 4746 | 4900 | 712 |
| &nbsp;&nbsp;&nbsp; 732412, 38.760%, 12/26/2024 †x#^ | BlueVine | 1/08/2024 | 35402 | 36553 | 5310 |
| &nbsp;&nbsp;&nbsp; 732559, 23.160%, 12/26/2024 †x#^ | BlueVine | 1/09/2024 | 34569 | 35692 | 5185 |
| &nbsp;&nbsp;&nbsp; 732679, 72.800%, 7/08/2024 †x#^ | BlueVine | 1/10/2024 | 27860 | 28765 | 4179 |
| &nbsp;&nbsp;&nbsp; 732718, 32.760%, 7/30/2024 †x#^ | BlueVine | 1/10/2024 | 981 | 1013 | 147 |
| &nbsp;&nbsp;&nbsp; 732944, 50.760%, 5/27/2026 †x# | BlueVine | 1/12/2024 | 11934 | 12322 | 1790 |
| &nbsp;&nbsp;&nbsp; 733076, 33.800%, 7/11/2024 †x#^ | BlueVine | 1/16/2024 | 61922 | 63934 | 9288 |
| &nbsp;&nbsp;&nbsp; 733105, 88.400%, 7/18/2024 †x#^ | BlueVine | 1/16/2024 | 30000 | 30975 | 4500 |
| &nbsp;&nbsp;&nbsp; 733230, 51.480%, 1/24/2025 †x#^ | BlueVine | 1/17/2024 | 4606 | 4756 | 691 |
| &nbsp;&nbsp;&nbsp; 733360, 32.760%, 1/02/2025 †x#^ | BlueVine | 1/18/2024 | 73917 | 76319 | 11088 |
| &nbsp;&nbsp;&nbsp; 733691, 69.360%, 1/10/2025 †x#^ | BlueVine | 1/22/2024 | 50609 | 52253 | 7591 |
| &nbsp;&nbsp;&nbsp; 733923, 31.200%, 8/22/2025 †x#^ | BlueVine | 1/24/2024 | 739 | 763 | 111 |
| &nbsp;&nbsp;&nbsp; 734236, 51.480%, 8/01/2024 †x#^ | BlueVine | 1/29/2024 | 44384 | 45827 | 6658 |
| &nbsp;&nbsp;&nbsp; 734264, 44.760%, 1/21/2025 †x#^ | BlueVine | 1/29/2024 | 2926 | 3021 | 439 |
| &nbsp;&nbsp;&nbsp; 734358, 28.800%, 1/06/2025 †x#^ | BlueVine | 1/30/2024 | 62087 | 64105 | 9313 |
| &nbsp;&nbsp;&nbsp; 734428, 59.280%, 7/29/2024 †x#^ | BlueVine | 1/31/2024 | 25940 | 26783 | 3891 |
| &nbsp;&nbsp;&nbsp; 734436, 43.920%, 1/22/2025 †x#^ | BlueVine | 1/31/2024 | 69910 | 72183 | 10487 |
| &nbsp;&nbsp;&nbsp; 734608, 51.480%, 8/06/2024 †x#^ | BlueVine | 2/01/2024 | 4385 | 4527 | 658 |
| &nbsp;&nbsp;&nbsp; 734620, 51.480%, 7/30/2024 †x#^ | BlueVine | 2/01/2024 | 776 | 801 | 116 |
| &nbsp;&nbsp;&nbsp; 734635, 42.120%, 8/06/2024 †x#^ | BlueVine | 2/01/2024 | 2168 | 2239 | 325 |
| &nbsp;&nbsp;&nbsp; 734718, 39.960%, 2/03/2025 †x#^ | BlueVine | 2/05/2024 | 17188 | 17747 | 2578 |
| &nbsp;&nbsp;&nbsp; 734755, 33.280%, 1/10/2025 †x#^ | BlueVine | 2/02/2024 | 2604 | 2689 | 391 |
| &nbsp;&nbsp;&nbsp; 735264, 51.480%, 8/13/2024 †x#^ | BlueVine | 2/08/2024 | 2939 | 3035 | 441 |
| &nbsp;&nbsp;&nbsp; 735457, 51.480%, 8/08/2024 †x#^ | BlueVine | 2/12/2024 | 449 | 463 | 67 |
| &nbsp;&nbsp;&nbsp; 735477, 35.640%, 7/07/2025 †x#^ | BlueVine | 2/12/2024 | 8642 | 8923 | 1296 |
| &nbsp;&nbsp;&nbsp; 735485, 33.720%, 2/03/2025 †x#^ | BlueVine | 2/12/2024 | 17938 | 18521 | 2691 |
| &nbsp;&nbsp;&nbsp; 735799, 46.280%, 8/13/2024 †x#^ | BlueVine | 2/15/2024 | 3774 | 3897 | 566 |
| &nbsp;&nbsp;&nbsp; 735892, 27.040%, 8/14/2024 †x#^ | BlueVine | 2/16/2024 | 4659 | 4810 | 699 |
| &nbsp;&nbsp;&nbsp; 735901, 51.480%, 8/14/2024 †x#^ | BlueVine | 2/16/2024 | 1639 | 1692 | 246 |
| &nbsp;&nbsp;&nbsp; 735992, 47.160%, 2/03/2025 †x#^ | BlueVine | 2/20/2024 | 1933 | 1996 | 290 |
| &nbsp;&nbsp;&nbsp; 736112, 24.960%, 2/14/2025 †x#^ | BlueVine | 2/21/2024 | 67062 | 69241 | 10059 |
| &nbsp;&nbsp;&nbsp; 736119, 24.440%, 8/16/2024 †x#^ | BlueVine | 2/21/2024 | 10687 | 11034 | 1603 |
| &nbsp;&nbsp;&nbsp; 736368, 81.640%, 8/21/2024 †x#^ | BlueVine | 2/23/2024 | 1500 | 1549 | 225 |
| &nbsp;&nbsp;&nbsp; 736577, 24.960%, 2/14/2025 †x#^ | BlueVine | 2/27/2024 | 22714 | 23452 | 3407 |
| &nbsp;&nbsp;&nbsp; 736648, 22.200%, 2/25/2025 †x#^ | BlueVine | 2/28/2024 | 13816 | 14265 | 2072 |
| &nbsp;&nbsp;&nbsp; 736773, 28.080%, 8/27/2024 †x#^ | BlueVine | 2/29/2024 | 24840 | 25647 | 3726 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6331** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 736774, 27.000%, 2/26/2025 †x#^ | BlueVine | 2/29/2024 | $2348 | $2424 | $352 |
| &nbsp;&nbsp;&nbsp; 736790, 42.120%, 8/27/2024 †x#^ | BlueVine | 2/29/2024 | 7582 | 7829 | 1137 |
| &nbsp;&nbsp;&nbsp; 736951, 59.280%, 8/29/2024 †x#^ | BlueVine | 3/04/2024 | 22477 | 23207 | 3372 |
| &nbsp;&nbsp;&nbsp; 737056, 28.800%, 2/26/2025 †x#^ | BlueVine | 3/05/2024 | 15798 | 16311 | 2370 |
| &nbsp;&nbsp;&nbsp; 737058, 29.760%, 3/03/2025 †x#^ | BlueVine | 3/05/2024 | 52206 | 53903 | 7831 |
| &nbsp;&nbsp;&nbsp; 737390, 79.040%, 9/04/2024 †x#^ | BlueVine | 3/08/2024 | 4694 | 4847 | 704 |
| &nbsp;&nbsp;&nbsp; 737841, 25.480%, 9/11/2024 †x#^ | BlueVine | 3/15/2024 | 16454 | 16988 | 2468 |
| &nbsp;&nbsp;&nbsp; 737864, 26.400%, 9/22/2025 †x#^ | BlueVine | 3/15/2024 | 23877 | 24637 | 3582 |
| &nbsp;&nbsp;&nbsp; 738051, 47.840%, 9/20/2024 †x#^ | BlueVine | 3/19/2024 | 10759 | 11108 | 1614 |
| &nbsp;&nbsp;&nbsp; 738071, 24.440%, 9/13/2024 †x#^ | BlueVine | 3/19/2024 | 2793 | 2884 | 419 |
| &nbsp;&nbsp;&nbsp; 738090, 37.440%, 9/20/2024 †x#^ | BlueVine | 3/19/2024 | 4633 | 4784 | 695 |
| &nbsp;&nbsp;&nbsp; 738213, 47.840%, 9/24/2024 †x#^ | BlueVine | 3/21/2024 | 12060 | 12452 | 1809 |
| &nbsp;&nbsp;&nbsp; 738309, 36.920%, 9/18/2024 †x#^ | BlueVine | 3/22/2024 | 2453 | 2533 | 368 |
| &nbsp;&nbsp;&nbsp; 738332, 31.440%, 7/17/2025 †x#^ | BlueVine | 3/25/2024 | 28756 | 29691 | 4313 |
| &nbsp;&nbsp;&nbsp; 738423, 27.960%, 3/10/2025 †x#^ | BlueVine | 3/26/2024 | 16028 | 16549 | 2404 |
| &nbsp;&nbsp;&nbsp; 738439, 37.960%, 9/27/2024 †x#^ | BlueVine | 3/26/2024 | 21875 | 22586 | 3281 |
| &nbsp;&nbsp;&nbsp; 738510, 79.040%, 9/23/2024 †x#^ | BlueVine | 3/27/2024 | 10458 | 10798 | 1569 |
| &nbsp;&nbsp;&nbsp; 738560, 33.000%, 3/10/2025 †x#^ | BlueVine | 3/28/2024 | 11436 | 11807 | 1715 |
| &nbsp;&nbsp;&nbsp; 738572, 27.000%, 5/07/2026 †x# | BlueVine | 3/28/2024 | 30344 | 31330 | 4552 |
| &nbsp;&nbsp;&nbsp; 738614, 72.280%, 10/01/2024 †x#^ | BlueVine | 3/28/2024 | 4371 | 4513 | 656 |
| &nbsp;&nbsp;&nbsp; 738758, 26.640%, 3/16/2026 †x# | BlueVine | 4/01/2024 | 56895 | 58744 | 8534 |
| &nbsp;&nbsp;&nbsp; 738774, 72.280%, 9/26/2024 †x#^ | BlueVine | 4/01/2024 | 32483 | 33538 | 4872 |
| &nbsp;&nbsp;&nbsp; 738910, 52.520%, 9/30/2024 †x#^ | BlueVine | 4/03/2024 | 12993 | 13415 | 1949 |
| &nbsp;&nbsp;&nbsp; 739013, 42.960%, 4/21/2025 †x#^ | BlueVine | 4/04/2024 | 21423 | 22120 | 3213 |
| &nbsp;&nbsp;&nbsp; 739116, 39.960%, 4/01/2025 †x#^ | BlueVine | 4/05/2024 | 12000 | 12390 | 1800 |
| &nbsp;&nbsp;&nbsp; 739131, 80.080%, 1/08/2025 †x#^ | BlueVine | 4/05/2024 | 623 | 643 |  |
| &nbsp;&nbsp;&nbsp; 739184, 30.680%, 10/03/2024 †x#^ | BlueVine | 4/08/2024 | 13391 | 13826 | 2009 |
| &nbsp;&nbsp;&nbsp; 739300, 30.680%, 10/04/2024 †x#^ | BlueVine | 4/09/2024 | 56397 | 58230 | 8460 |
| &nbsp;&nbsp;&nbsp; 739352, 23.400%, 10/07/2024 †x#^ | BlueVine | 4/10/2024 | 8267 | 8536 | 1240 |
| &nbsp;&nbsp;&nbsp; 739371, 67.080%, 10/07/2024 †x#^ | BlueVine | 4/10/2024 | 8682 | 8964 | 1302 |
| &nbsp;&nbsp;&nbsp; 739453, 62.280%, 7/14/2025 †x#^ | BlueVine | 4/11/2024 | 7760 | 8013 | 1164 |
| &nbsp;&nbsp;&nbsp; 739467, 42.120%, 3/25/2025 †x#^ | BlueVine | 4/11/2024 | 14066 | 14523 | 2110 |
| &nbsp;&nbsp;&nbsp; 740045, 44.720%, 10/24/2024 †x#^ | BlueVine | 4/18/2024 | 82424 | 85103 | 12364 |
| &nbsp;&nbsp;&nbsp; 740305, 31.440%, 4/01/2025 †x#^ | BlueVine | 4/24/2024 | 3498 | 3611 | 525 |
| &nbsp;&nbsp;&nbsp; 740370, 31.200%, 8/22/2025 †x#^ | BlueVine | 4/25/2024 | 3029 | 3128 | 454 |
| &nbsp;&nbsp;&nbsp; 740415, 46.280%, 3/13/2025 †x#^ | BlueVine | 4/26/2024 | 5288 | 5460 | 793 |
| &nbsp;&nbsp;&nbsp; 740767, 29.760%, 4/25/2025 †x#^ | BlueVine | 5/17/2024 | 5027 | 5190 | 754 |
| &nbsp;&nbsp;&nbsp; 740960, 31.440%, 7/28/2026 †x# | BlueVine | 5/07/2024 | 4784 | 4940 | 718 |
| &nbsp;&nbsp;&nbsp; 741362, 50.760%, 4/28/2025 †x#^ | BlueVine | 5/15/2024 | 25462 | 26289 | 3819 |
| &nbsp;&nbsp;&nbsp; 741470, 51.480%, 1/26/2026 †x#^ | BlueVine | 5/16/2024 | 44055 | 45487 | 6608 |
| &nbsp;&nbsp;&nbsp; 741615, 31.920%, 5/12/2025 †x#^ | BlueVine | 5/20/2024 | 3356 | 3465 | 503 |
| &nbsp;&nbsp;&nbsp; 741762, 40.920%, 1/27/2034 †x# | BlueVine | 5/23/2024 | 14444 | 14914 | 2167 |
| &nbsp;&nbsp;&nbsp; 741970, 30.396%, 11/10/2025 †x#^ | BlueVine | 5/28/2024 | 8977 | 9269 | 1347 |
| &nbsp;&nbsp;&nbsp; 742105, 31.200%, 8/22/2025 †x#^ | BlueVine | 5/30/2024 | 4503 | 4649 | 675 |
| &nbsp;&nbsp;&nbsp; 742249, 48.960%, 6/04/2025 †x#^ | BlueVine | 6/03/2024 | 2900 | 2995 | 435 |
| &nbsp;&nbsp;&nbsp; 742291, 42.120%, 11/29/2024 †x#^ | BlueVine | 6/03/2024 | 28799 | 29735 | 4320 |
| &nbsp;&nbsp;&nbsp; 742605, 24.440%, 12/04/2024 †x#^ | BlueVine | 6/07/2024 | 14301 | 14766 | 2145 |
| &nbsp;&nbsp;&nbsp; 742615, 42.120%, 5/27/2025 †x#^ | BlueVine | 6/07/2024 | 9437 | 9744 | 1416 |
| &nbsp;&nbsp;&nbsp; 742959, 30.396%, 10/08/2025 †x#^ | BlueVine | 6/14/2024 | 10928 | 11283 | 1639 |
| &nbsp;&nbsp;&nbsp; 743044, 33.000%, 6/03/2025 †x#^ | BlueVine | 6/17/2024 | 36262 | 37440 | 5439 |
| &nbsp;&nbsp;&nbsp; 743080, 64.480%, 2/04/2026 †x#^ | BlueVine | 6/17/2024 | 11982 | 12371 | 1797 |
| &nbsp;&nbsp;&nbsp; 743131, 59.280%, 12/20/2024 †x#^ | BlueVine | 6/18/2024 | 17246 | 17807 | 2587 |
| &nbsp;&nbsp;&nbsp; 743237, 23.400%, 12/16/2024 †x#^ | BlueVine | 6/20/2024 | 18554 | 19157 | 2783 |
| &nbsp;&nbsp;&nbsp; 743584, 67.600%, 12/30/2024 †x#^ | BlueVine | 6/26/2024 | 50459 | 52099 | 7569 |
| &nbsp;&nbsp;&nbsp; 743739, 23.160%, 6/25/2025 †x#^ | BlueVine | 6/28/2024 | 24181 | 24967 | 3627 |
| &nbsp;&nbsp;&nbsp; 743755, 19.692%, 6/18/2025 †x#^ | BlueVine | 6/28/2024 | 40290 | 41599 | 6043 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6332** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 744333, 51.480%, 1/06/2025 †x#^ | BlueVine | 7/10/2024 | $2949 | $3045 | $442 |
| &nbsp;&nbsp;&nbsp; 744346, 59.280%, 5/13/2025 †x#^ | BlueVine | 7/10/2024 | 17157 | 17714 | 2574 |
| &nbsp;&nbsp;&nbsp; 744402, 66.560%, 1/07/2025 †x#^ | BlueVine | 7/11/2024 | 37703 | 38929 | 5655 |
| &nbsp;&nbsp;&nbsp; 744403, 63.960%, 1/14/2025 †x#^ | BlueVine | 7/11/2024 | 23898 | 24675 | 3585 |
| &nbsp;&nbsp;&nbsp; 744436, 15.600%, 3/19/2025 †x#^ | BlueVine | 7/12/2024 | 28018 | 28928 | 4203 |
| &nbsp;&nbsp;&nbsp; 744468, 29.400%, 11/19/2025 †x#^ | BlueVine | 7/12/2024 | 4023 | 4153 | 603 |
| &nbsp;&nbsp;&nbsp; 744762, 75.920%, 8/14/2025 †x#^ | BlueVine | 7/17/2024 | 47607 | 49154 | 7141 |
| &nbsp;&nbsp;&nbsp; 744924, 30.000%, 6/30/2025 †x#^ | BlueVine | 7/19/2024 | 25596 | 26428 | 3839 |
| &nbsp;&nbsp;&nbsp; 744930, 52.520%, 1/15/2025 †x#^ | BlueVine | 7/19/2024 | 1008 | 1041 | 151 |
| &nbsp;&nbsp;&nbsp; 745097, 78.000%, 1/24/2025 †x#^ | BlueVine | 7/23/2024 | 39623 | 40911 | 5943 |
| &nbsp;&nbsp;&nbsp; 745100, 32.240%, 1/24/2025 †x#^ | BlueVine | 7/23/2024 | 118722 | 122580 | 17808 |
| &nbsp;&nbsp;&nbsp; 745160, 78.520%, 3/06/2026 †x# | BlueVine | 7/24/2024 | 727 | 751 |  |
| &nbsp;&nbsp;&nbsp; 745165, 67.600%, 1/21/2025 †x#^ | BlueVine | 7/24/2024 | 9155 | 9452 | 1373 |
| &nbsp;&nbsp;&nbsp; 745166, 67.600%, 1/21/2025 †x#^ | BlueVine | 7/24/2024 | 23999 | 24779 | 3600 |
| &nbsp;&nbsp;&nbsp; 745201, 24.440%, 1/21/2025 †x#^ | BlueVine | 7/24/2024 | 37132 | 38339 | 5570 |
| &nbsp;&nbsp;&nbsp; 745340, 41.080%, 1/22/2025 †x#^ | BlueVine | 7/26/2024 | 1447 | 1494 | 217 |
| &nbsp;&nbsp;&nbsp; 745534, 49.920%, 2/20/2026 †x#^ | BlueVine | 7/31/2024 | 64639 | 66739 | 9696 |
| &nbsp;&nbsp;&nbsp; 745710, 36.360%, 8/05/2025 †x#^ | BlueVine | 8/02/2024 | 9210 | 9510 | 1382 |
| &nbsp;&nbsp;&nbsp; 745801, 33.800%, 1/30/2025 †x#^ | BlueVine | 8/05/2024 | 25218 | 26038 | 3783 |
| &nbsp;&nbsp;&nbsp; 746165, 83.200%, 2/21/2025 †x#^ | BlueVine | 8/12/2024 | 3188 | 3292 | 478 |
| &nbsp;&nbsp;&nbsp; 746236, 80.080%, 3/19/2025 †x#^ | BlueVine | 8/13/2024 | 9262 | 9563 | 1389 |
| &nbsp;&nbsp;&nbsp; 746309, 11.960%, 2/10/2025 †x#^ | BlueVine | 8/14/2024 | 5513 | 5693 | 827 |
| &nbsp;&nbsp;&nbsp; 746316, 64.480%, 1/28/2026 †x#^ | BlueVine | 8/14/2024 | 7786 | 8039 | 1168 |
| &nbsp;&nbsp;&nbsp; 746407, 57.200%, 2/18/2025 †x#^ | BlueVine | 8/15/2024 | 28794 | 29730 | 4319 |
| &nbsp;&nbsp;&nbsp; 746759, 45.760%, 3/04/2025 †x#^ | BlueVine | 8/21/2024 | 11835 | 12220 | 1775 |
| &nbsp;&nbsp;&nbsp; 746779, 25.480%, 7/18/2025 †x#^ | BlueVine | 8/21/2024 | 41195 | 42534 | 6179 |
| &nbsp;&nbsp;&nbsp; 746829, 67.600%, 2/25/2025 †x#^ | BlueVine | 8/22/2024 | 4162 | 4297 | 624 |
| &nbsp;&nbsp;&nbsp; 746863, 32.076%, 11/13/2025 †x#^ | BlueVine | 8/22/2024 | 47079 | 48609 | 7062 |
| &nbsp;&nbsp;&nbsp; 747032, 37.440%, 7/07/2025 †x#^ | BlueVine | 8/27/2024 | 11709 | 12090 | 1756 |
| &nbsp;&nbsp;&nbsp; 747033, 45.760%, 3/07/2025 †x#^ | BlueVine | 8/27/2024 | 11639 | 12017 | 1746 |
| &nbsp;&nbsp;&nbsp; 747068, 30.680%, 6/03/2025 †x#^ | BlueVine | 8/27/2024 | 9634 | 9947 | 1445 |
| &nbsp;&nbsp;&nbsp; 747121, 54.600%, 8/01/2025 †x#^ | BlueVine | 8/28/2024 | 24413 | 25206 | 3662 |
| &nbsp;&nbsp;&nbsp; 747203, 83.200%, 3/04/2025 †x#^ | BlueVine | 8/29/2024 | 3101 | 3202 | 465 |
| &nbsp;&nbsp;&nbsp; 747352, 39.000%, 3/13/2025 †x#^ | BlueVine | 9/03/2024 | 6004 | 6199 | 901 |
| &nbsp;&nbsp;&nbsp; 747409, 28.512%, 9/11/2025 †x#^ | BlueVine | 9/13/2024 | 9934 | 10257 | 1490 |
| &nbsp;&nbsp;&nbsp; 747686, 41.080%, 3/05/2025 †x#^ | BlueVine | 9/06/2024 | 6000 | 6195 | 900 |
| &nbsp;&nbsp;&nbsp; 747775, 29.400%, 12/19/2025 †x#^ | BlueVine | 9/09/2024 | 5530 | 5710 | 830 |
| &nbsp;&nbsp;&nbsp; 747787, 33.000%, 8/28/2025 †x#^ | BlueVine | 9/09/2024 | 5695 | 5880 | 854 |
| &nbsp;&nbsp;&nbsp; 747928, 32.240%, 3/24/2025 †x#^ | BlueVine | 9/11/2024 | 3713 | 3833 | 557 |
| &nbsp;&nbsp;&nbsp; 747933, 83.200%, 3/25/2025 †x#^ | BlueVine | 9/11/2024 | 3301 | 3409 | 495 |
| &nbsp;&nbsp;&nbsp; 747961, 33.800%, 3/10/2025 †x#^ | BlueVine | 9/11/2024 | 7564 | 7809 | 1135 |
| &nbsp;&nbsp;&nbsp; 748269, 27.040%, 7/25/2025 †x#^ | BlueVine | 9/17/2024 | 15897 | 16414 | 2385 |
| &nbsp;&nbsp;&nbsp; 748288, 61.880%, 3/25/2025 †x#^ | BlueVine | 9/18/2024 | 6611 | 6826 | 992 |
| &nbsp;&nbsp;&nbsp; 748324, 46.800%, 3/17/2025 †x#^ | BlueVine | 9/18/2024 | 15317 | 15815 | 2298 |
| &nbsp;&nbsp;&nbsp; 748354, 26.640%, 2/26/2029 †x# | BlueVine | 9/18/2024 | 41101 | 42437 | 6165 |
| &nbsp;&nbsp;&nbsp; 748357, 28.512%, 9/11/2025 †x#^ | BlueVine | 9/18/2024 | 5350 | 5524 | 802 |
| &nbsp;&nbsp;&nbsp; 748420, 39.000%, 3/31/2025 †x#^ | BlueVine | 9/25/2024 | 9138 | 9435 | 1371 |
| &nbsp;&nbsp;&nbsp; 748709, 29.120%, 4/01/2025 †x#^ | BlueVine | 9/25/2024 | 7819 | 8074 | 1173 |
| &nbsp;&nbsp;&nbsp; 748712, 27.040%, 8/01/2025 †x#^ | BlueVine | 9/25/2024 | 11279 | 11646 | 1692 |
| &nbsp;&nbsp;&nbsp; 748750, 35.160%, 11/28/2025 †x#^ | BlueVine | 9/26/2024 | 9097 | 9392 | 1364 |
| &nbsp;&nbsp;&nbsp; 748936, 52.000%, 4/10/2025 †x#^ | BlueVine | 9/30/2024 | 12344 | 12745 | 1852 |
| &nbsp;&nbsp;&nbsp; 749169, 31.800%, 1/23/2026 †x#^ | BlueVine | 10/03/2024 | 5137 | 5304 | 771 |
| &nbsp;&nbsp;&nbsp; 749202, 73.320%, 5/28/2025 †x#^ | BlueVine | 10/07/2024 | 638 | 658 | 96 |
| &nbsp;&nbsp;&nbsp; 749209, 47.840%, 4/01/2025 †x#^ | BlueVine | 10/03/2024 | 2559 | 2642 | 384 |
| &nbsp;&nbsp;&nbsp; 749275, 31.080%, 10/06/2025 †x#^ | BlueVine | 10/07/2024 | 9199 | 9498 | 1380 |
| &nbsp;&nbsp;&nbsp; 749355, 43.680%, 2/11/2026 †x#^ | BlueVine | 10/07/2024 | 170 | 176 | 26 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6333** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 749366, 66.040%, 3/18/2026 †x# | BlueVine | 10/07/2024 | $2097 | $2165 | $315 |
| &nbsp;&nbsp;&nbsp; 749421, 36.920%, 8/15/2025 †x#^ | BlueVine | 10/08/2024 | 816 | 843 | 122 |
| &nbsp;&nbsp;&nbsp; 749452, 66.456%, 5/05/2025 †x#^ | BlueVine | 10/08/2024 | 10369 | 10706 | 1555 |
| &nbsp;&nbsp;&nbsp; 749459, 36.000%, 4/13/2026 †x# | BlueVine | 10/09/2024 | 56873 | 58722 | 1807 |
| &nbsp;&nbsp;&nbsp; 749483, 23.160%, 2/04/2026 †x^ | BlueVine | 10/09/2024 | 1177 | 1177 | 1059 |
| &nbsp;&nbsp;&nbsp; 749544, 80.080%, 4/08/2025 †x#^ | BlueVine | 10/10/2024 | 390 | 403 | 59 |
| &nbsp;&nbsp;&nbsp; 749718, 84.760%, 4/17/2025 †x#^ | BlueVine | 10/15/2024 | 815 | 842 | 122 |
| &nbsp;&nbsp;&nbsp; 749723, 41.080%, 4/10/2025 †x#^ | BlueVine | 10/15/2024 | 1157 | 1194 | 173 |
| &nbsp;&nbsp;&nbsp; 749726, 27.040%, 8/08/2025 †x#^ | BlueVine | 10/15/2024 | 20764 | 21439 | 3115 |
| &nbsp;&nbsp;&nbsp; 750083, 31.800%, 2/23/2026 †x#^ | BlueVine | 10/21/2024 | 5827 | 6016 | 874 |
| &nbsp;&nbsp;&nbsp; 750162, 25.480%, 9/12/2025 †x#^ | BlueVine | 10/22/2024 | 60297 | 62257 | 9045 |
| &nbsp;&nbsp;&nbsp; 750254, 47.840%, 4/21/2025 †x#^ | BlueVine | 10/23/2024 | 505 | 521 | 76 |
| &nbsp;&nbsp;&nbsp; 750305, 59.800%, 11/12/2025 †x#^ | BlueVine | 10/24/2024 | 2227 | 2300 | 334 |
| &nbsp;&nbsp;&nbsp; 750360, 35.160%, 10/24/2025 †x#^ | BlueVine | 10/25/2024 | 23189 | 23943 | 2561 |
| &nbsp;&nbsp;&nbsp; 750377, 25.440%, 10/15/2025 †x#^ | BlueVine | 10/25/2024 | 49883 | 51504 | 7482 |
| &nbsp;&nbsp;&nbsp; 750619, 37.680%, 10/06/2025 †x#^ | BlueVine | 11/01/2024 | 23105 | 23855 | 3466 |
| &nbsp;&nbsp;&nbsp; 750621, 71.760%, 4/29/2025 †x#^ | BlueVine | 10/31/2024 | 70853 | 73156 | 10628 |
| &nbsp;&nbsp;&nbsp; 750686, 40.320%, 11/03/2025 †x#^ | BlueVine | 11/01/2024 | 79524 | 82109 | 11929 |
| &nbsp;&nbsp;&nbsp; 750805, 79.040%, 5/02/2025 †x#^ | BlueVine | 11/05/2024 | 2935 | 3030 | 440 |
| &nbsp;&nbsp;&nbsp; 750886, 41.080%, 7/06/2027 †x# | BlueVine | 11/06/2024 | 16104 | 16627 | 2416 |
| &nbsp;&nbsp;&nbsp; 751081, 37.960%, 1/02/2026 †x#^ | BlueVine | 11/12/2024 | 14330 | 14796 | 2149 |
| &nbsp;&nbsp;&nbsp; 751089, 52.520%, 5/08/2025 †x#^ | BlueVine | 11/12/2024 | 15378 | 15878 | 2307 |
| &nbsp;&nbsp;&nbsp; 751291, 80.080%, 5/13/2025 †x#^ | BlueVine | 11/14/2024 | 3790 | 3913 | 568 |
| &nbsp;&nbsp;&nbsp; 751349, 50.040%, 11/10/2025 †x#^ | BlueVine | 11/15/2024 | 7194 | 7428 | 1079 |
| &nbsp;&nbsp;&nbsp; 751495, 35.640%, 6/15/2026 †x# | BlueVine | 11/19/2024 | 41473 | 42821 | 6221 |
| &nbsp;&nbsp;&nbsp; 751598, 58.968%, 5/19/2025 †x#^ | BlueVine | 11/20/2024 | 54218 | 55980 | 8133 |
| &nbsp;&nbsp;&nbsp; 751640, 37.680%, 11/06/2025 †x#^ | BlueVine | 11/21/2024 | 24581 | 25380 | 3687 |
| &nbsp;&nbsp;&nbsp; 751799, 29.280%, 11/03/2025 †x#^ | BlueVine | 11/25/2024 | 5058 | 5223 | 759 |
| &nbsp;&nbsp;&nbsp; 751895, 41.080%, 5/23/2025 †x#^ | BlueVine | 11/26/2024 | 13190 | 13619 | 1979 |
| &nbsp;&nbsp;&nbsp; 751899, 47.840%, 5/23/2025 †x#^ | BlueVine | 11/26/2024 | 391 | 404 | 59 |
| &nbsp;&nbsp;&nbsp; 752090, 36.000%, 3/19/2026 †x | BlueVine | 12/02/2024 | 351 | 351 | 350 |
| &nbsp;&nbsp;&nbsp; 752102, 88.400%, 5/28/2025 †x#^ | BlueVine | 12/02/2024 | 31480 | 32503 | 4722 |
| &nbsp;&nbsp;&nbsp; 752117, 24.120%, 11/24/2025 †x#^ | BlueVine | 12/02/2024 | 26491 | 27352 | 3974 |
| &nbsp;&nbsp;&nbsp; 752213, 65.988%, 6/02/2025 †x#^ | BlueVine | 12/04/2024 | 5132 | 5298 | 770 |
| &nbsp;&nbsp;&nbsp; 752328, 72.800%, 4/27/2026 †x# | BlueVine | 12/05/2024 | 7482 | 7725 | 1122 |
| &nbsp;&nbsp;&nbsp; 752504, 36.972%, 6/12/2025 †x#^ | BlueVine | 12/09/2024 | 7478 | 7721 | 1122 |
| &nbsp;&nbsp;&nbsp; 752772, 57.720%, 6/11/2025 †x#^ | BlueVine | 12/13/2024 | 6435 | 6644 | 965 |
| &nbsp;&nbsp;&nbsp; 752862, 32.184%, 12/08/2025 †x#^ | BlueVine | 12/13/2024 | 27712 | 28613 | 4157 |
| &nbsp;&nbsp;&nbsp; 752909, 46.280%, 2/26/2026 †x#^ | BlueVine | 12/16/2024 | 55453 | 57255 | 8318 |
| &nbsp;&nbsp;&nbsp; 752939, 63.440%, 6/20/2025 †x#^ | BlueVine | 12/17/2024 | 3059 | 3159 | 459 |
| &nbsp;&nbsp;&nbsp; 753126, 42.120%, 1/12/2026 †x#^ | BlueVine | 12/20/2024 | 23698 | 24468 | 3555 |
| &nbsp;&nbsp;&nbsp; 753225, 70.720%, 6/18/2025 †x#^ | BlueVine | 12/20/2024 | 50319 | 51955 | 7548 |
| &nbsp;&nbsp;&nbsp; 753318, 62.400%, 6/20/2025 †x#^ | BlueVine | 12/23/2024 | 12015 | 12406 | 1802 |
| &nbsp;&nbsp;&nbsp; 753322, 24.480%, 12/09/2025 †x#^ | BlueVine | 12/23/2024 | 12551 | 12959 | 1883 |
| &nbsp;&nbsp;&nbsp; 753342, 40.440%, 7/06/2026 †x# | BlueVine | 12/23/2024 | 46538 | 48050 | 11671 |
| &nbsp;&nbsp;&nbsp; 753521, 25.800%, 12/22/2025 †x#^ | BlueVine | 12/26/2024 | 51033 | 52691 | 7655 |
| &nbsp;&nbsp;&nbsp; 753652, 28.800%, 9/21/2026 †x# | BlueVine | 12/27/2024 | 35926 | 37093 | 36254 |
| &nbsp;&nbsp;&nbsp; 753723, 84.760%, 7/03/2025 †x#^ | BlueVine | 12/30/2024 | 2103 | 2171 | 315 |
| &nbsp;&nbsp;&nbsp; 753730, 51.480%, 7/03/2025 †x#^ | BlueVine | 12/30/2024 | 34208 | 35320 | 5131 |
| &nbsp;&nbsp;&nbsp; 753777, 41.080%, 7/07/2025 †x#^ | BlueVine | 12/31/2024 | 429 | 443 | 64 |
| &nbsp;&nbsp;&nbsp; 754172, 36.000%, 3/30/2026 †x# | BlueVine | 1/07/2025 | 11366 | 11366 | 11302 |
| &nbsp;&nbsp;&nbsp; 754205, 57.720%, 7/07/2025 †x#^ | BlueVine | 1/08/2025 | 3697 | 3817 | 555 |
| &nbsp;&nbsp;&nbsp; 754236, 42.120%, 1/02/2026 †x#^ | BlueVine | 1/08/2025 | 64723 | 66826 | 9708 |
| &nbsp;&nbsp;&nbsp; 754458, 43.056%, 7/16/2025 †x#^ | BlueVine | 1/10/2025 | 1004 | 1037 | 151 |
| &nbsp;&nbsp;&nbsp; 754531, 28.800%, 1/08/2026 †x#^ | BlueVine | 1/13/2025 | 52331 | 54031 | 7850 |
| &nbsp;&nbsp;&nbsp; 754555, 47.840%, 7/11/2025 †x#^ | BlueVine | 1/13/2025 | 31458 | 32481 | 4719 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6334** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 754609, 28.800%, 3/17/2026 †x | BlueVine | 1/14/2025 | $205 | $205 | $204 |
| &nbsp;&nbsp;&nbsp; 754613, 39.960%, 4/06/2027 †x | BlueVine | 1/14/2025 | 30188 | 30188 | 30520 |
| &nbsp;&nbsp;&nbsp; 754625, 22.360%, 9/26/2025 †x#^ | BlueVine | 1/14/2025 | 28333 | 29254 | 4250 |
| &nbsp;&nbsp;&nbsp; 754727, 56.640%, 12/28/2026 †x# | BlueVine | 1/17/2025 | 6992 | 7220 | 1177 |
| &nbsp;&nbsp;&nbsp; 754735, 36.000%, 3/30/2026 †x# | BlueVine | 1/15/2025 | 4546 | 4546 | 4492 |
| &nbsp;&nbsp;&nbsp; 754904, 80.080%, 9/17/2025 †x#^ | BlueVine | 1/17/2025 | 1350 | 1394 | 202 |
| &nbsp;&nbsp;&nbsp; 754906, 84.760%, 11/28/2025 †x#^ | BlueVine | 1/17/2025 | 3922 | 4049 | 588 |
| &nbsp;&nbsp;&nbsp; 754973, 74.880%, 5/08/2026 †x# | BlueVine | 1/21/2025 | 7548 | 7793 |  |
| &nbsp;&nbsp;&nbsp; 755121, 37.960%, 4/03/2026 †x# | BlueVine | 1/23/2025 | 54143 | 55902 | 8121 |
| &nbsp;&nbsp;&nbsp; 755190, 36.972%, 7/29/2025 †x#^ | BlueVine | 1/23/2025 | 5230 | 5400 | 785 |
| &nbsp;&nbsp;&nbsp; 755663, 50.040%, 1/09/2026 †x#^ | BlueVine | 1/31/2025 | 4684 | 4836 | 703 |
| &nbsp;&nbsp;&nbsp; 755686, 28.080%, 7/30/2025 †x#^ | BlueVine | 1/31/2025 | 23435 | 24197 | 3515 |
| &nbsp;&nbsp;&nbsp; 755692, 36.972%, 8/06/2025 †x#^ | BlueVine | 1/31/2025 | 6174 | 6375 | 926 |
| &nbsp;&nbsp;&nbsp; 755721, 41.080%, 7/30/2025 †x#^ | BlueVine | 1/31/2025 | 773 | 798 | 116 |
| &nbsp;&nbsp;&nbsp; 755977, 35.880%, 8/19/2025 †x#^ | BlueVine | 2/05/2025 | 5322 | 5495 | 798 |
| &nbsp;&nbsp;&nbsp; 756022, 45.760%, 8/11/2025 †x#^ | BlueVine | 2/05/2025 | 7542 | 7787 | 1131 |
| &nbsp;&nbsp;&nbsp; 756056, 57.720%, 8/05/2025 †x#^ | BlueVine | 2/06/2025 | 6348 | 6554 | 952 |
| &nbsp;&nbsp;&nbsp; 756058, 37.960%, 3/13/2026 †x# | BlueVine | 2/06/2025 | 9285 | 9587 | 1393 |
| &nbsp;&nbsp;&nbsp; 756078, 48.960%, 1/28/2026 †x#^ | BlueVine | 2/06/2025 | 19826 | 20470 | 2974 |
| &nbsp;&nbsp;&nbsp; 756586, 41.080%, 8/13/2025 †x#^ | BlueVine | 2/14/2025 | 567 | 586 | 85 |
| &nbsp;&nbsp;&nbsp; 756599, 22.200%, 2/09/2026 †x#^ | BlueVine | 2/14/2025 | 11875 | 12261 | 1781 |
| &nbsp;&nbsp;&nbsp; 756632, 33.720%, 6/26/2026 †x# | BlueVine | 2/14/2025 | 6726 | 6737 | 6820 |
| &nbsp;&nbsp;&nbsp; 756696, 43.680%, 2/25/2026 †x#^ | BlueVine | 2/18/2025 | 882 | 910 | 132 |
| &nbsp;&nbsp;&nbsp; 756763, 31.800%, 6/23/2026 †x# | BlueVine | 2/19/2025 | 17810 | 18388 | 2671 |
| &nbsp;&nbsp;&nbsp; 756906, 26.104%, 8/19/2025 †x#^ | BlueVine | 2/20/2025 | 12614 | 13024 | 1892 |
| &nbsp;&nbsp;&nbsp; 756925, 30.160%, 8/26/2025 †x#^ | BlueVine | 2/20/2025 | 4431 | 4575 | 665 |
| &nbsp;&nbsp;&nbsp; 757004, 19.864%, 8/20/2025 †x#^ | BlueVine | 2/21/2025 | 1609 | 1662 | 241 |
| &nbsp;&nbsp;&nbsp; 757094, 43.680%, 2/11/2026 †x#^ | BlueVine | 2/24/2025 | 1558 | 1608 | 234 |
| &nbsp;&nbsp;&nbsp; 757268, 30.720%, 2/26/2026 †x#^ | BlueVine | 2/26/2025 | 2014 | 2014 | 2021 |
| &nbsp;&nbsp;&nbsp; 757340, 41.080%, 8/26/2025 †x#^ | BlueVine | 2/27/2025 | 16420 | 16954 | 2463 |
| &nbsp;&nbsp;&nbsp; 757369, 19.188%, 8/26/2025 †x#^ | BlueVine | 2/27/2025 | 402 | 415 | 60 |
| &nbsp;&nbsp;&nbsp; 757393, 22.920%, 2/25/2026 †x#^ | BlueVine | 2/27/2025 | 6921 | 6921 | 6946 |
| &nbsp;&nbsp;&nbsp; 757422, 24.120%, 3/03/2026 †x | BlueVine | 2/28/2025 | 8363 | 8363 | 8304 |
| &nbsp;&nbsp;&nbsp; 757452, 22.920%, 4/09/2026 †x | BlueVine | 2/28/2025 | 1370 | 1379 | 1359 |
| &nbsp;&nbsp;&nbsp; 757489, 27.000%, 2/26/2026 †x#^ | BlueVine | 2/28/2025 | 5868 | 5868 | 5893 |
| &nbsp;&nbsp;&nbsp; 757634, 23.160%, 3/03/2026 †x | BlueVine | 3/04/2025 | 2494 | 2494 | 2477 |
| &nbsp;&nbsp;&nbsp; 757824, 29.760%, 3/23/2026 †x | BlueVine | 3/06/2025 | 2173 | 2173 | 2174 |
| &nbsp;&nbsp;&nbsp; 757917, 29.120%, 9/10/2025 †x#^ | BlueVine | 3/07/2025 | 46917 | 48442 | 7038 |
| &nbsp;&nbsp;&nbsp; 757923, 18.840%, 3/03/2026 †x | BlueVine | 3/07/2025 | 6273 | 6273 | 6192 |
| &nbsp;&nbsp;&nbsp; 757943, 68.120%, 6/11/2027 †x# | BlueVine | 3/07/2025 | 4887 | 5046 | 733 |
| &nbsp;&nbsp;&nbsp; 757944, 40.920%, 2/26/2026 †x#^ | BlueVine | 3/07/2025 | 2572 | 2572 | 2580 |
| &nbsp;&nbsp;&nbsp; 757994, 35.640%, 3/02/2026 †x# | BlueVine | 3/10/2025 | 3179 | 3179 | 3131 |
| &nbsp;&nbsp;&nbsp; 758009, 40.800%, 3/02/2026 †x# | BlueVine | 3/10/2025 | 7462 | 7462 | 7363 |
| &nbsp;&nbsp;&nbsp; 758032, 40.800%, 3/02/2026 †x | BlueVine | 3/10/2025 | 1990 | 1990 | 1974 |
| &nbsp;&nbsp;&nbsp; 758039, 23.160%, 4/20/2026 †x# | BlueVine | 3/10/2025 | 75498 | 77951 | 11325 |
| &nbsp;&nbsp;&nbsp; 758084, 55.640%, 9/05/2025 †x#^ | BlueVine | 3/11/2025 | 2886 | 2980 | 433 |
| &nbsp;&nbsp;&nbsp; 758111, 30.720%, 2/26/2026 †x#^ | BlueVine | 3/11/2025 | 2552 | 2552 | 2561 |
| &nbsp;&nbsp;&nbsp; 758121, 31.440%, 10/28/2026 †x# | BlueVine | 3/11/2025 | 92800 | 95816 | 13920 |
| &nbsp;&nbsp;&nbsp; 758153, 57.720%, 9/05/2025 †x#^ | BlueVine | 3/11/2025 | 11906 | 12293 | 1786 |
| &nbsp;&nbsp;&nbsp; 758187, 18.200%, 3/04/2026 †x# | BlueVine | 3/12/2025 | 733 | 757 | 231 |
| &nbsp;&nbsp;&nbsp; 758192, 31.200%, 3/11/2026 †x | BlueVine | 3/12/2025 | 2199 | 2199 | 2192 |
| &nbsp;&nbsp;&nbsp; 758200, 25.440%, 3/09/2026 †x | BlueVine | 3/12/2025 | 2798 | 2798 | 2775 |
| &nbsp;&nbsp;&nbsp; 758213, 45.760%, 9/15/2025 †x#^ | BlueVine | 3/12/2025 | 6765 | 6985 | 1015 |
| &nbsp;&nbsp;&nbsp; 758216, 27.000%, 3/17/2026 †x | BlueVine | 4/04/2025 | 1409 | 1409 | 1405 |
| &nbsp;&nbsp;&nbsp; 758274, 30.396%, 3/06/2026 †x | BlueVine | 3/13/2025 | 2858 | 2858 | 2828 |
| &nbsp;&nbsp;&nbsp; 758287, 30.160%, 9/16/2025 †x#^ | BlueVine | 3/13/2025 | 11181 | 11544 | 1677 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6335** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 758299, 22.200%, 3/02/2026 †x# | BlueVine | 3/13/2025 | $2760 | $2760 | $2758 |
| &nbsp;&nbsp;&nbsp; 758304, 26.640%, 3/02/2026 †x# | BlueVine | 3/13/2025 | 6761 | 6761 | 6762 |
| &nbsp;&nbsp;&nbsp; 758328, 32.500%, 9/16/2025 †x#^ | BlueVine | 3/13/2025 | 715 | 738 | 107 |
| &nbsp;&nbsp;&nbsp; 758351, 22.920%, 3/11/2026 †x | BlueVine | 3/14/2025 | 1799 | 1799 | 1794 |
| &nbsp;&nbsp;&nbsp; 758356, 73.320%, 9/17/2025 †x#^ | BlueVine | 3/14/2025 | 3620 | 3738 | 543 |
| &nbsp;&nbsp;&nbsp; 758362, 24.480%, 2/27/2026 †x#^ | BlueVine | 3/14/2025 | 929 | 929 | 922 |
| &nbsp;&nbsp;&nbsp; 758376, 18.200%, 3/04/2026 †x# | BlueVine | 3/14/2025 | 7083 | 7313 | 1844 |
| &nbsp;&nbsp;&nbsp; 758441, 36.000%, 3/06/2026 †x | BlueVine | 3/17/2025 | 1951 | 1951 | 1927 |
| &nbsp;&nbsp;&nbsp; 758486, 24.960%, 3/02/2026 †x# | BlueVine | 3/17/2025 | 884 | 884 | 884 |
| &nbsp;&nbsp;&nbsp; 758569, 30.000%, 3/19/2026 †x | BlueVine | 3/18/2025 | 2178 | 2178 | 2180 |
| &nbsp;&nbsp;&nbsp; 758595, 24.120%, 3/03/2026 †x | BlueVine | 3/18/2025 | 4484 | 4484 | 4452 |
| &nbsp;&nbsp;&nbsp; 758623, 30.396%, 3/06/2026 †x | BlueVine | 3/19/2025 | 2382 | 2382 | 2357 |
| &nbsp;&nbsp;&nbsp; 758626, 22.200%, 3/02/2026 †x | BlueVine | 3/19/2025 | 1288 | 1288 | 1271 |
| &nbsp;&nbsp;&nbsp; 758631, 24.960%, 3/09/2026 †x# | BlueVine | 3/19/2025 | 10945 | 11300 | 4170 |
| &nbsp;&nbsp;&nbsp; 758657, 65.520%, 9/15/2025 †x#^ | BlueVine | 3/19/2025 | 16642 | 17183 | 2496 |
| &nbsp;&nbsp;&nbsp; 758696, 22.920%, 3/11/2026 †x | BlueVine | 3/20/2025 | 2307 | 2307 | 2299 |
| &nbsp;&nbsp;&nbsp; 758701, 32.500%, 9/23/2025 †x#^ | BlueVine | 3/20/2025 | 1562 | 1613 | 234 |
| &nbsp;&nbsp;&nbsp; 758737, 56.160%, 9/16/2025 †x#^ | BlueVine | 3/20/2025 | 5 | 5 | 1 |
| &nbsp;&nbsp;&nbsp; 758740, 22.200%, 3/06/2026 †x | BlueVine | 3/20/2025 | 5519 | 5519 | 5488 |
| &nbsp;&nbsp;&nbsp; 758794, 44.400%, 2/26/2026 †x#^ | BlueVine | 3/21/2025 | 101 | 101 | 101 |
| &nbsp;&nbsp;&nbsp; 758805, 25.752%, 3/16/2026 †x | BlueVine | 3/21/2025 | 4340 | 4340 | 4337 |
| &nbsp;&nbsp;&nbsp; 758808, 24.960%, 3/02/2026 †x | BlueVine | 3/21/2025 | 2793 | 2793 | 2771 |
| &nbsp;&nbsp;&nbsp; 758814, 78.000%, 10/01/2025 †x#^ | BlueVine | 3/21/2025 | 2204 | 2276 | 331 |
| &nbsp;&nbsp;&nbsp; 758839, 22.200%, 3/23/2026 †x | BlueVine | 3/27/2025 | 4599 | 4599 | 4604 |
| &nbsp;&nbsp;&nbsp; 758867, 30.000%, 3/17/2026 †x# | BlueVine | 3/24/2025 | 45000 | 46463 | 6750 |
| &nbsp;&nbsp;&nbsp; 758868, 35.640%, 3/02/2026 †x# | BlueVine | 3/24/2025 | 2703 | 2703 | 2684 |
| &nbsp;&nbsp;&nbsp; 758927, 17.880%, 3/02/2026 †x | BlueVine | 3/25/2025 | 1354 | 1354 | 1338 |
| &nbsp;&nbsp;&nbsp; 758964, 25.560%, 3/16/2026 †x | BlueVine | 3/25/2025 | 1400 | 1400 | 1394 |
| &nbsp;&nbsp;&nbsp; 758997, 22.200%, 3/16/2026 †x | BlueVine | 3/25/2025 | 2760 | 2760 | 2758 |
| &nbsp;&nbsp;&nbsp; 759058, 46.800%, 9/29/2025 †x#^ | BlueVine | 3/26/2025 | 855 | 882 | 128 |
| &nbsp;&nbsp;&nbsp; 759090, 18.240%, 3/16/2026 †x | BlueVine | 3/28/2025 | 1808 | 1808 | 1803 |
| &nbsp;&nbsp;&nbsp; 759106, 42.120%, 3/05/2026 †x | BlueVine | 3/27/2025 | 2001 | 2001 | 1974 |
| &nbsp;&nbsp;&nbsp; 759148, 30.600%, 4/06/2026 †x | BlueVine | 4/07/2025 | 2825 | 2835 | 2805 |
| &nbsp;&nbsp;&nbsp; 759153, 32.160%, 3/09/2026 †x | BlueVine | 3/27/2025 | 4319 | 4319 | 4299 |
| &nbsp;&nbsp;&nbsp; 759172, 19.188%, 9/24/2025 †x#^ | BlueVine | 3/28/2025 | 957 | 988 | 144 |
| &nbsp;&nbsp;&nbsp; 759192, 52.884%, 10/01/2025 †x#^ | BlueVine | 3/28/2025 | 10248 | 10581 | 1537 |
| &nbsp;&nbsp;&nbsp; 759205, 49.560%, 3/23/2026 †x# | BlueVine | 3/28/2025 | 19614 | 20252 | 2942 |
| &nbsp;&nbsp;&nbsp; 759249, 38.040%, 3/18/2026 †x | BlueVine | 3/31/2025 | 2459 | 2459 | 2459 |
| &nbsp;&nbsp;&nbsp; 759291, 35.880%, 10/09/2025 †x#^ | BlueVine | 3/31/2025 | 10203 | 10534 | 1530 |
| &nbsp;&nbsp;&nbsp; 759315, 39.960%, 6/15/2026 †x# | BlueVine | 4/01/2025 | 29756 | 29955 | 30704 |
| &nbsp;&nbsp;&nbsp; 759324, 24.120%, 4/01/2026 †x | BlueVine | 4/01/2025 | 2204 | 2211 | 2196 |
| &nbsp;&nbsp;&nbsp; 759332, 30.000%, 3/11/2026 †x | BlueVine | 4/01/2025 | 618 | 618 | 616 |
| &nbsp;&nbsp;&nbsp; 759339, 28.080%, 10/03/2025 †x#^ | BlueVine | 4/01/2025 | 613 | 633 | 92 |
| &nbsp;&nbsp;&nbsp; 759435, 36.000%, 3/26/2026 †x# | BlueVine | 4/02/2025 | 2307 | 2307 | 2333 |
| &nbsp;&nbsp;&nbsp; 759480, 24.120%, 4/13/2026 †x | BlueVine | 4/11/2025 | 9184 | 9222 | 9199 |
| &nbsp;&nbsp;&nbsp; 759515, 33.280%, 9/30/2025 †x#^ | BlueVine | 4/03/2025 | 11572 | 11948 | 1736 |
| &nbsp;&nbsp;&nbsp; 759572, 20.520%, 3/30/2026 †x# | BlueVine | 4/04/2025 | 22639 | 22639 | 22552 |
| &nbsp;&nbsp;&nbsp; 759591, 66.040%, 10/01/2025 †x#^ | BlueVine | 4/04/2025 | 2873 | 2966 | 431 |
| &nbsp;&nbsp;&nbsp; 759641, 22.920%, 3/23/2026 †x | BlueVine | 4/07/2025 | 3264 | 3264 | 3269 |
| &nbsp;&nbsp;&nbsp; 759650, 71.760%, 10/02/2025 †x#^ | BlueVine | 4/07/2025 | 227 | 234 | 34 |
| &nbsp;&nbsp;&nbsp; 759652, 27.960%, 3/16/2026 †x | BlueVine | 4/07/2025 | 7543 | 7543 | 7535 |
| &nbsp;&nbsp;&nbsp; 759724, 18.408%, 10/15/2025 †x#^ | BlueVine | 4/18/2025 | 1750 | 1807 | 263 |
| &nbsp;&nbsp;&nbsp; 759737, 35.640%, 4/06/2026 †x | BlueVine | 4/08/2025 | 23036 | 23122 | 22868 |
| &nbsp;&nbsp;&nbsp; 759768, 22.200%, 3/16/2026 †x | BlueVine | 4/08/2025 | 1352 | 1352 | 1351 |
| &nbsp;&nbsp;&nbsp; 759776, 31.200%, 4/02/2026 †x# | BlueVine | 4/08/2025 | 963 | 966 | 952 |
| &nbsp;&nbsp;&nbsp; 759801, 25.560%, 3/23/2026 †x | BlueVine | 4/09/2025 | 13999 | 13999 | 14031 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6336** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 759943, 45.760%, 11/04/2025 †x#^ | BlueVine | 4/10/2025 | $10189 | $10521 | $1528 |
| &nbsp;&nbsp;&nbsp; 759969, 58.760%, 10/14/2025 †x#^ | BlueVine | 4/10/2025 | 45632 | 47115 | 6845 |
| &nbsp;&nbsp;&nbsp; 759984, 24.588%, 4/02/2026 †x | BlueVine | 4/10/2025 | 7600 | 7624 | 7570 |
| &nbsp;&nbsp;&nbsp; 760020, 39.000%, 4/15/2026 †x | BlueVine | 4/11/2025 | 4860 | 4883 | 4878 |
| &nbsp;&nbsp;&nbsp; 760035, 28.800%, 4/06/2026 †x | BlueVine | 4/14/2025 | 4676 | 4693 | 4664 |
| &nbsp;&nbsp;&nbsp; 760088, 25.560%, 4/15/2026 †x | BlueVine | 4/14/2025 | 16624 | 16697 | 16680 |
| &nbsp;&nbsp;&nbsp; 760134, 69.600%, 3/16/2026 †x | BlueVine | 4/15/2025 | 2721 | 2721 | 2722 |
| &nbsp;&nbsp;&nbsp; 760173, 19.440%, 4/10/2026 †x# | BlueVine | 4/15/2025 | 8115 | 8147 | 8124 |
| &nbsp;&nbsp;&nbsp; 760179, 27.720%, 4/13/2026 †x | BlueVine | 4/15/2025 | 37252 | 37411 | 37318 |
| &nbsp;&nbsp;&nbsp; 760297, 28.800%, 4/01/2026 †x | BlueVine | 4/17/2025 | 7694 | 7719 | 7661 |
| &nbsp;&nbsp;&nbsp; 760323, 56.160%, 10/14/2025 †x#^ | BlueVine | 4/17/2025 | 2 | 2 |  |
| &nbsp;&nbsp;&nbsp; 760335, 27.560%, 10/21/2025 †x#^ | BlueVine | 4/17/2025 | 42194 | 43565 | 6329 |
| &nbsp;&nbsp;&nbsp; 760348, 22.920%, 4/06/2026 †x# | BlueVine | 4/17/2025 | 4571 | 4587 | 4557 |
| &nbsp;&nbsp;&nbsp; 760413, 22.200%, 4/16/2026 †x | BlueVine | 4/18/2025 | 2735 | 2747 | 2743 |
| &nbsp;&nbsp;&nbsp; 760421, 29.120%, 1/23/2026 †x#^ | BlueVine | 4/18/2025 | 2899 | 2993 | 435 |
| &nbsp;&nbsp;&nbsp; 760446, 30.000%, 3/27/2026 †x# | BlueVine | 4/18/2025 | 11791 | 11791 | 11721 |
| &nbsp;&nbsp;&nbsp; 760451, 27.000%, 4/16/2026 †x | BlueVine | 4/18/2025 | 5604 | 5630 | 5621 |
| &nbsp;&nbsp;&nbsp; 760454, 26.640%, 4/20/2026 †x | BlueVine | 4/18/2025 | 30364 | 30512 | 30520 |
| &nbsp;&nbsp;&nbsp; 760463, 18.840%, 4/13/2026 †x | BlueVine | 4/21/2025 | 3238 | 3252 | 3245 |
| &nbsp;&nbsp;&nbsp; 760496, 33.280%, 10/16/2025 †x#^ | BlueVine | 4/21/2025 | 5826 | 6015 | 874 |
| &nbsp;&nbsp;&nbsp; 760568, 22.200%, 4/13/2026 †x | BlueVine | 4/22/2025 | 27346 | 27462 | 27390 |
| &nbsp;&nbsp;&nbsp; 760571, 30.000%, 4/06/2026 †x | BlueVine | 4/22/2025 | 28185 | 28290 | 28117 |
| &nbsp;&nbsp;&nbsp; 760618, 24.960%, 4/16/2026 †x | BlueVine | 4/23/2025 | 3686 | 3702 | 3696 |
| &nbsp;&nbsp;&nbsp; 760649, 29.120%, 2/13/2026 †x#^ | BlueVine | 4/23/2025 | 4330 | 4471 | 649 |
| &nbsp;&nbsp;&nbsp; 760660, 39.960%, 4/21/2026 †x | BlueVine | 4/23/2025 | 1951 | 1961 | 1964 |
| &nbsp;&nbsp;&nbsp; 760676, 18.840%, 4/23/2026 †x | BlueVine | 4/23/2025 | 33726 | 33896 | 33917 |
| &nbsp;&nbsp;&nbsp; 760679, 22.920%, 4/09/2026 †x | BlueVine | 4/23/2025 | 1828 | 1835 | 1818 |
| &nbsp;&nbsp;&nbsp; 760680, 25.440%, 4/01/2026 †x | BlueVine | 4/23/2025 | 923 | 926 | 919 |
| &nbsp;&nbsp;&nbsp; 760685, 23.160%, 4/15/2026 †x | BlueVine | 4/23/2025 | 17641 | 17720 | 17691 |
| &nbsp;&nbsp;&nbsp; 760774, 26.520%, 4/06/2026 †x | BlueVine | 4/25/2025 | 1205 | 1210 | 1202 |
| &nbsp;&nbsp;&nbsp; 760787, 37.800%, 4/08/2026 †x | BlueVine | 4/25/2025 | 7741 | 7773 | 7698 |
| &nbsp;&nbsp;&nbsp; 760805, 58.760%, 2/13/2026 †x#^ | BlueVine | 4/25/2025 | 4849 | 5007 | 727 |
| &nbsp;&nbsp;&nbsp; 760857, 27.960%, 4/21/2026 †x | BlueVine | 4/28/2025 | 6958 | 6994 | 7003 |
| &nbsp;&nbsp;&nbsp; 760937, 29.280%, 4/06/2026 †x | BlueVine | 4/29/2025 | 9369 | 9405 | 9299 |
| &nbsp;&nbsp;&nbsp; 760945, 26.640%, 4/28/2026 †x# | BlueVine | 4/29/2025 | 10523 | 10583 | 10550 |
| &nbsp;&nbsp;&nbsp; 760987, 40.560%, 11/03/2025 †x#^ | BlueVine | 4/30/2025 | 18043 | 18629 | 2706 |
| &nbsp;&nbsp;&nbsp; 760990, 23.160%, 7/28/2026 †x# | BlueVine | 4/30/2025 | 8308 | 8409 | 8446 |
| &nbsp;&nbsp;&nbsp; 760995, 27.960%, 4/13/2026 †x | BlueVine | 4/30/2025 | 5593 | 5618 | 5594 |
| &nbsp;&nbsp;&nbsp; 761010, 23.160%, 5/01/2026 †x# | BlueVine | 4/30/2025 | 3591 | 3612 | 2050 |
| &nbsp;&nbsp;&nbsp; 761064, 28.800%, 4/16/2026 †x | BlueVine | 4/30/2025 | 1870 | 1879 | 1869 |
| &nbsp;&nbsp;&nbsp; 761087, 28.440%, 4/20/2026 †x# | BlueVine | 4/30/2025 | 10182 | 10234 | 10191 |
| &nbsp;&nbsp;&nbsp; 761203, 35.880%, 4/07/2026 †x# | BlueVine | 5/01/2025 | 36795 | 37991 | 7635 |
| &nbsp;&nbsp;&nbsp; 761237, 44.200%, 11/05/2025 †x#^ | BlueVine | 5/02/2025 | 1180 | 1218 | 177 |
| &nbsp;&nbsp;&nbsp; 761250, 59.280%, 4/27/2026 †x# | BlueVine | 5/02/2025 | 21459 | 21596 | 21690 |
| &nbsp;&nbsp;&nbsp; 761327, 46.800%, 11/06/2025 †x#^ | BlueVine | 5/05/2025 | 2048 | 2114 | 307 |
| &nbsp;&nbsp;&nbsp; 761346, 29.280%, 5/05/2026 †x# | BlueVine | 5/05/2025 | 27123 | 28004 | 9105 |
| &nbsp;&nbsp;&nbsp; 761358, 29.280%, 5/05/2026 †x | BlueVine | 5/05/2025 | 41661 | 41928 | 41520 |
| &nbsp;&nbsp;&nbsp; 761398, 24.120%, 5/01/2026 †x | BlueVine | 5/06/2025 | 3274 | 3293 | 3274 |
| &nbsp;&nbsp;&nbsp; 761402, 36.000%, 6/15/2026 †x# | BlueVine | 5/06/2025 | 45920 | 46282 | 46182 |
| &nbsp;&nbsp;&nbsp; 761429, 27.000%, 4/16/2026 †x | BlueVine | 5/06/2025 | 2805 | 2819 | 2812 |
| &nbsp;&nbsp;&nbsp; 761492, 22.920%, 5/05/2026 †x | BlueVine | 5/07/2025 | 8150 | 8201 | 8120 |
| &nbsp;&nbsp;&nbsp; 761496, 39.960%, 4/16/2026 †x | BlueVine | 5/07/2025 | 9755 | 9804 | 9789 |
| &nbsp;&nbsp;&nbsp; 761497, 35.760%, 5/05/2026 †x | BlueVine | 5/07/2025 | 1420 | 1429 | 1421 |
| &nbsp;&nbsp;&nbsp; 761512, 45.000%, 5/11/2026 †x | BlueVine | 5/07/2025 | 3660 | 3687 | 3658 |
| &nbsp;&nbsp;&nbsp; 761534, 23.160%, 5/08/2026 †x | BlueVine | 5/07/2025 | 4078 | 4105 | 4092 |
| &nbsp;&nbsp;&nbsp; 761549, 33.280%, 11/03/2025 †x#^ | BlueVine | 5/07/2025 | 3858 | 3984 | 579 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6337** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 761609, 18.720%, 4/28/2026 †x# | BlueVine | 5/08/2025 | $14085 | $14165 | $14094 |
| &nbsp;&nbsp;&nbsp; 761621, 26.280%, 4/27/2026 †x# | BlueVine | 5/08/2025 | 21271 | 21963 | 3191 |
| &nbsp;&nbsp;&nbsp; 761633, 66.040%, 11/04/2025 †x#^ | BlueVine | 5/08/2025 | 7641 | 7890 | 1146 |
| &nbsp;&nbsp;&nbsp; 761701, 25.440%, 5/13/2026 †x | BlueVine | 5/09/2025 | 4933 | 4968 | 4943 |
| &nbsp;&nbsp;&nbsp; 761707, 66.040%, 11/12/2025 †x#^ | BlueVine | 5/09/2025 | 18391 | 18989 | 2759 |
| &nbsp;&nbsp;&nbsp; 761713, 30.000%, 5/08/2026 †x# | BlueVine | 5/09/2025 | 18337 | 18461 | 10504 |
| &nbsp;&nbsp;&nbsp; 761769, 19.188%, 12/12/2025 †x#^ | BlueVine | 5/12/2025 | 1420 | 1467 | 213 |
| &nbsp;&nbsp;&nbsp; 761790, 29.280%, 5/05/2026 †x | BlueVine | 5/12/2025 | 15461 | 15562 | 15383 |
| &nbsp;&nbsp;&nbsp; 761795, 58.320%, 5/04/2026 †x | BlueVine | 5/12/2025 | 6113 | 6156 | 6075 |
| &nbsp;&nbsp;&nbsp; 761817, 31.080%, 5/07/2026 †x | BlueVine | 5/12/2025 | 6986 | 7033 | 7009 |
| &nbsp;&nbsp;&nbsp; 761822, 29.640%, 11/13/2025 †x#^ | BlueVine | 5/12/2025 | 8823 | 9110 | 1324 |
| &nbsp;&nbsp;&nbsp; 761867, 30.000%, 5/06/2026 †x | BlueVine | 5/13/2025 | 3027 | 3047 | 3033 |
| &nbsp;&nbsp;&nbsp; 761895, 48.000%, 5/12/2026 †x | BlueVine | 5/13/2025 | 11828 | 11918 | 11894 |
| &nbsp;&nbsp;&nbsp; 761899, 22.920%, 5/07/2026 †x | BlueVine | 5/13/2025 | 5433 | 5469 | 5430 |
| &nbsp;&nbsp;&nbsp; 761921, 22.920%, 4/20/2026 †x | BlueVine | 5/14/2025 | 14626 | 14701 | 14679 |
| &nbsp;&nbsp;&nbsp; 761924, 60.600%, 5/15/2026 †x | BlueVine | 5/14/2025 | 6157 | 6207 | 6182 |
| &nbsp;&nbsp;&nbsp; 761974, 23.160%, 5/01/2026 †x | BlueVine | 5/14/2025 | 13867 | 13951 | 13860 |
| &nbsp;&nbsp;&nbsp; 761979, 26.280%, 4/27/2026 †x# | BlueVine | 5/14/2025 | 50943 | 52598 | 7641 |
| &nbsp;&nbsp;&nbsp; 761997, 24.960%, 5/18/2026 †x | BlueVine | 5/14/2025 | 5472 | 5513 | 5510 |
| &nbsp;&nbsp;&nbsp; 761998, 22.920%, 5/05/2026 †x | BlueVine | 5/14/2025 | 8221 | 8274 | 8180 |
| &nbsp;&nbsp;&nbsp; 762032, 22.920%, 5/05/2026 †x | BlueVine | 5/15/2025 | 28525 | 28708 | 28424 |
| &nbsp;&nbsp;&nbsp; 762063, 35.760%, 5/11/2026 †x | BlueVine | 5/15/2025 | 5679 | 5720 | 5681 |
| &nbsp;&nbsp;&nbsp; 762071, 24.960%, 4/24/2026 †x# | BlueVine | 5/15/2025 | 2376 | 2389 | 2389 |
| &nbsp;&nbsp;&nbsp; 762110, 17.880%, 5/05/2026 †x | BlueVine | 5/16/2025 | 10360 | 10425 | 10320 |
| &nbsp;&nbsp;&nbsp; 762228, 24.480%, 5/21/2026 †x | BlueVine | 5/19/2025 | 12484 | 12581 | 12622 |
| &nbsp;&nbsp;&nbsp; 762256, 46.800%, 4/28/2026 †x# | BlueVine | 5/19/2025 | 30930 | 31935 | 6391 |
| &nbsp;&nbsp;&nbsp; 762261, 31.920%, 5/11/2026 †x# | BlueVine | 5/19/2025 | 7378 | 7430 | 7391 |
| &nbsp;&nbsp;&nbsp; 762270, 25.752%, 5/15/2026 †x | BlueVine | 5/19/2025 | 5324 | 5363 | 5361 |
| &nbsp;&nbsp;&nbsp; 762293, 24.120%, 5/14/2026 †x | BlueVine | 5/20/2025 | 5456 | 5496 | 5494 |
| &nbsp;&nbsp;&nbsp; 762311, 22.200%, 5/12/2026 †x | BlueVine | 5/20/2025 | 2303 | 2320 | 2314 |
| &nbsp;&nbsp;&nbsp; 762389, 27.000%, 5/04/2026 †x | BlueVine | 5/21/2025 | 1243 | 1251 | 1234 |
| &nbsp;&nbsp;&nbsp; 762406, 37.920%, 5/01/2026 †x | BlueVine | 5/21/2025 | 3432 | 3454 | 3407 |
| &nbsp;&nbsp;&nbsp; 762448, 66.040%, 11/24/2025 †x#^ | BlueVine | 5/21/2025 | 27744 | 28646 | 4162 |
| &nbsp;&nbsp;&nbsp; 762483, 52.000%, 11/18/2025 †x#^ | BlueVine | 5/22/2025 | 3435 | 3547 | 515 |
| &nbsp;&nbsp;&nbsp; 762499, 53.880%, 5/05/2026 †x# | BlueVine | 5/22/2025 | 31882 | 32918 | 4782 |
| &nbsp;&nbsp;&nbsp; 762542, 34.840%, 5/04/2026 †x# | BlueVine | 5/23/2025 | 22665 | 22665 | 20879 |
| &nbsp;&nbsp;&nbsp; 762558, 35.880%, 5/12/2026 †x# | BlueVine | 5/23/2025 | 7819 | 8073 | 2567 |
| &nbsp;&nbsp;&nbsp; 762595, 23.160%, 5/01/2026 †x | BlueVine | 5/23/2025 | 1359 | 1368 | 1352 |
| &nbsp;&nbsp;&nbsp; 762613, 31.200%, 5/11/2026 †x | BlueVine | 5/27/2025 | 7166 | 7218 | 7192 |
| &nbsp;&nbsp;&nbsp; 762617, 36.000%, 7/20/2026 †x# | BlueVine | 5/27/2025 | 17140 | 17354 | 17359 |
| &nbsp;&nbsp;&nbsp; 762619, 29.280%, 4/06/2026 †x | BlueVine | 5/27/2025 | 13752 | 13845 | 13650 |
| &nbsp;&nbsp;&nbsp; 762653, 30.680%, 1/22/2026 †x#^ | BlueVine | 5/27/2025 | 2724 | 2812 | 501 |
| &nbsp;&nbsp;&nbsp; 762667, 24.120%, 5/01/2026 †x | BlueVine | 5/27/2025 | 13641 | 13727 | 13632 |
| &nbsp;&nbsp;&nbsp; 762675, 35.880%, 5/12/2026 †x# | BlueVine | 5/27/2025 | 13798 | 14247 | 4532 |
| &nbsp;&nbsp;&nbsp; 762698, 22.920%, 3/23/2026 †x | BlueVine | 5/28/2025 | 1998 | 1998 | 2002 |
| &nbsp;&nbsp;&nbsp; 762708, 85.800%, 2/17/2026 †x#^ | BlueVine | 5/28/2025 | 7904 | 8161 | 1186 |
| &nbsp;&nbsp;&nbsp; 762733, 43.920%, 5/15/2026 †x | BlueVine | 5/28/2025 | 13257 | 13363 | 13333 |
| &nbsp;&nbsp;&nbsp; 762762, 63.960%, 12/10/2025 †x#^ | BlueVine | 5/29/2025 | 2626 | 2711 | 287 |
| &nbsp;&nbsp;&nbsp; 762809, 22.920%, 6/01/2026 †x | BlueVine | 5/29/2025 | 5745 | 5795 | 5765 |
| &nbsp;&nbsp;&nbsp; 762811, 49.560%, 5/18/2026 †x | BlueVine | 5/29/2025 | 12438 | 12542 | 12505 |
| &nbsp;&nbsp;&nbsp; 762812, 26.640%, 5/08/2026 †x | BlueVine | 5/29/2025 | 2752 | 2771 | 2749 |
| &nbsp;&nbsp;&nbsp; 762827, 24.960%, 5/28/2026 †x# | BlueVine | 5/29/2025 | 1083 | 1093 | 1089 |
| &nbsp;&nbsp;&nbsp; 762849, 37.800%, 5/08/2026 †x | BlueVine | 5/29/2025 | 4288 | 4319 | 4273 |
| &nbsp;&nbsp;&nbsp; 762863, 35.640%, 5/05/2026 †x | BlueVine | 5/29/2025 | 19868 | 20005 | 19840 |
| &nbsp;&nbsp;&nbsp; 762900, 27.000%, 5/11/2026 †x | BlueVine | 5/30/2025 | 15156 | 15266 | 15185 |
| &nbsp;&nbsp;&nbsp; 762924, 50.520%, 5/26/2026 †x# | BlueVine | 5/30/2025 | 15752 | 16264 | 5235 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6338** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 763019, 65.000%, 2/20/2026 †x#^ | BlueVine | 6/02/2025 | $8190 | $8457 | $1764 |
| &nbsp;&nbsp;&nbsp; 763077, 22.920%, 5/06/2026 †x | BlueVine | 6/02/2025 | 5433 | 5470 | 5440 |
| &nbsp;&nbsp;&nbsp; 763079, 24.960%, 5/18/2026 †x | BlueVine | 6/02/2025 | 3283 | 3309 | 3304 |
| &nbsp;&nbsp;&nbsp; 763106, 31.200%, 11/28/2025 †x#^ | BlueVine | 6/03/2025 | 7278 | 7514 | 1092 |
| &nbsp;&nbsp;&nbsp; 763116, 71.760%, 11/28/2025 †x#^ | BlueVine | 6/03/2025 | 7746 | 7998 | 1162 |
| &nbsp;&nbsp;&nbsp; 763117, 26.640%, 5/12/2026 †x | BlueVine | 6/03/2025 | 35106 | 35365 | 35156 |
| &nbsp;&nbsp;&nbsp; 763128, 40.920%, 5/26/2026 †x | BlueVine | 6/04/2025 | 2889 | 2915 | 2910 |
| &nbsp;&nbsp;&nbsp; 763142, 22.920%, 6/05/2026 †x# | BlueVine | 6/03/2025 | 39474 | 39834 | 39684 |
| &nbsp;&nbsp;&nbsp; 763149, 65.520%, 11/28/2025 †x#^ | BlueVine | 6/03/2025 | 1433 | 1479 | 215 |
| &nbsp;&nbsp;&nbsp; 763236, 65.520%, 12/01/2025 †x#^ | BlueVine | 6/04/2025 | 1963 | 2027 | 294 |
| &nbsp;&nbsp;&nbsp; 763238, 36.000%, 5/14/2026 †x | BlueVine | 6/04/2025 | 1421 | 1432 | 1424 |
| &nbsp;&nbsp;&nbsp; 763268, 29.640%, 12/08/2025 †x#^ | BlueVine | 6/04/2025 | 11898 | 12284 | 1785 |
| &nbsp;&nbsp;&nbsp; 763296, 30.680%, 7/15/2026 †x# | BlueVine | 6/05/2025 | 18442 | 19041 | 5464 |
| &nbsp;&nbsp;&nbsp; 763374, 24.960%, 5/27/2026 †x# | BlueVine | 6/05/2025 | 33523 | 33811 | 33580 |
| &nbsp;&nbsp;&nbsp; 763403, 32.520%, 6/04/2026 †x# | BlueVine | 6/06/2025 | 5124 | 5172 | 5146 |
| &nbsp;&nbsp;&nbsp; 763408, 51.480%, 5/26/2026 †x# | BlueVine | 6/06/2025 | 5860 | 5914 | 5929 |
| &nbsp;&nbsp;&nbsp; 763414, 24.960%, 6/01/2026 †x | BlueVine | 6/06/2025 | 18056 | 18218 | 18112 |
| &nbsp;&nbsp;&nbsp; 763421, 30.000%, 5/26/2026 †x# | BlueVine | 6/06/2025 | 28558 | 29486 | 4284 |
| &nbsp;&nbsp;&nbsp; 763424, 40.920%, 5/13/2026 †x | BlueVine | 6/06/2025 | 1589 | 1601 | 1588 |
| &nbsp;&nbsp;&nbsp; 763459, 36.000%, 5/26/2026 †x# | BlueVine | 6/06/2025 | 7469 | 7535 | 7567 |
| &nbsp;&nbsp;&nbsp; 763494, 64.320%, 5/27/2026 †x# | BlueVine | 6/06/2025 | 4935 | 4983 | 2429 |
| &nbsp;&nbsp;&nbsp; 763499, 18.840%, 5/12/2026 †x | BlueVine | 6/09/2025 | 1982 | 1996 | 1987 |
| &nbsp;&nbsp;&nbsp; 763527, 39.960%, 6/01/2026 †x# | BlueVine | 6/09/2025 | 2191 | 2212 | 2182 |
| &nbsp;&nbsp;&nbsp; 763539, 29.760%, 6/08/2026 †x# | BlueVine | 6/09/2025 | 5131 | 5180 | 5160 |
| &nbsp;&nbsp;&nbsp; 763546, 30.680%, 2/12/2026 †x#^ | BlueVine | 6/09/2025 | 4588 | 4737 | 688 |
| &nbsp;&nbsp;&nbsp; 763566, 19.488%, 6/05/2026 †x# | BlueVine | 6/09/2025 | 31953 | 32244 | 32137 |
| &nbsp;&nbsp;&nbsp; 763614, 31.080%, 5/19/2026 †x# | BlueVine | 6/10/2025 | 6139 | 6190 | 6179 |
| &nbsp;&nbsp;&nbsp; 763619, 35.160%, 7/15/2026 †x# | BlueVine | 6/10/2025 | 36840 | 38038 | 7570 |
| &nbsp;&nbsp;&nbsp; 763638, 42.960%, 5/26/2026 †x# | BlueVine | 6/10/2025 | 4574 | 4616 | 4627 |
| &nbsp;&nbsp;&nbsp; 763647, 27.960%, 6/08/2026 †x# | BlueVine | 6/10/2025 | 1610 | 1625 | 1608 |
| &nbsp;&nbsp;&nbsp; 763693, 38.040%, 5/18/2026 †x | BlueVine | 6/11/2025 | 3433 | 3462 | 3446 |
| &nbsp;&nbsp;&nbsp; 763731, 20.628%, 6/10/2026 †x | BlueVine | 6/11/2025 | 35630 | 35971 | 35748 |
| &nbsp;&nbsp;&nbsp; 763753, 32.760%, 6/02/2026 †x | BlueVine | 6/11/2025 | 22929 | 23143 | 22827 |
| &nbsp;&nbsp;&nbsp; 763805, 42.960%, 6/04/2026 †x# | BlueVine | 6/12/2025 | 5121 | 5171 | 5113 |
| &nbsp;&nbsp;&nbsp; 763835, 33.000%, 6/04/2026 †x# | BlueVine | 6/12/2025 | 11288 | 11395 | 11257 |
| &nbsp;&nbsp;&nbsp; 763846, 33.280%, 12/09/2025 †x#^ | BlueVine | 6/12/2025 | 9256 | 9557 | 1388 |
| &nbsp;&nbsp;&nbsp; 763850, 27.000%, 11/23/2026 †x | BlueVine | 6/12/2025 | 6664 | 6760 | 6737 |
| &nbsp;&nbsp;&nbsp; 763884, 35.640%, 5/05/2026 †x# | BlueVine | 6/12/2025 | 41188 | 41586 | 41012 |
| &nbsp;&nbsp;&nbsp; 763903, 24.960%, 6/15/2026 †x | BlueVine | 6/13/2025 | 1445 | 1459 | 1459 |
| &nbsp;&nbsp;&nbsp; 763996, 47.840%, 12/12/2025 †x#^ | BlueVine | 6/16/2025 | 625 | 645 | 94 |
| &nbsp;&nbsp;&nbsp; 764021, 24.960%, 5/26/2026 †x | BlueVine | 6/16/2025 | 12715 | 12826 | 12829 |
| &nbsp;&nbsp;&nbsp; 764072, 35.880%, 6/12/2026 †x# | BlueVine | 6/16/2025 | 6529 | 6741 | 2076 |
| &nbsp;&nbsp;&nbsp; 764109, 22.920%, 5/26/2026 †x# | BlueVine | 6/17/2025 | 71771 | 72395 | 72752 |
| &nbsp;&nbsp;&nbsp; 764223, 39.520%, 12/23/2025 †x#^ | BlueVine | 6/18/2025 | 204 | 211 | 31 |
| &nbsp;&nbsp;&nbsp; 764244, 24.120%, 6/16/2026 †x | BlueVine | 6/18/2025 | 9005 | 9097 | 9096 |
| &nbsp;&nbsp;&nbsp; 764250, 27.960%, 6/10/2026 †x | BlueVine | 6/18/2025 | 18224 | 18405 | 18344 |
| &nbsp;&nbsp;&nbsp; 764256, 39.960%, 6/11/2026 †x | BlueVine | 6/18/2025 | 10759 | 10871 | 10794 |
| &nbsp;&nbsp;&nbsp; 764282, 44.400%, 6/11/2026 †x | BlueVine | 6/18/2025 | 7579 | 7659 | 7627 |
| &nbsp;&nbsp;&nbsp; 764317, 26.400%, 6/16/2026 †x | BlueVine | 6/18/2025 | 5441 | 5497 | 5482 |
| &nbsp;&nbsp;&nbsp; 764354, 37.920%, 6/01/2026 †x | BlueVine | 6/20/2025 | 2441 | 2465 | 2432 |
| &nbsp;&nbsp;&nbsp; 764362, 29.400%, 6/15/2026 †x | BlueVine | 6/20/2025 | 6864 | 6935 | 6910 |
| &nbsp;&nbsp;&nbsp; 764409, 22.200%, 6/12/2026 †x# | BlueVine | 6/23/2025 | 3222 | 3255 | 3250 |
| &nbsp;&nbsp;&nbsp; 764433, 21.720%, 6/08/2026 †x | BlueVine | 6/23/2025 | 10725 | 10830 | 10753 |
| &nbsp;&nbsp;&nbsp; 764434, 50.544%, 6/15/2026 †x# | BlueVine | 6/23/2025 | 10652 | 10998 | 4721 |
| &nbsp;&nbsp;&nbsp; 764439, 65.520%, 12/31/2025 †x#^ | BlueVine | 6/23/2025 | 3735 | 3857 | 560 |
| &nbsp;&nbsp;&nbsp; 764442, 29.280%, 6/15/2026 †x# | BlueVine | 6/23/2025 | 12808 | 12942 | 12912 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6339** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 764445, 28.800%, 6/22/2026 †x# | BlueVine | 6/23/2025 | $10962 | $11082 | $11077 |
| &nbsp;&nbsp;&nbsp; 764449, 58.760%, 2/20/2026 †x#^ | BlueVine | 6/23/2025 | 3098 | 3199 | 465 |
| &nbsp;&nbsp;&nbsp; 764453, 80.080%, 5/01/2026 †x | BlueVine | 6/23/2025 | 14718 | 14718 | 8907 |
| &nbsp;&nbsp;&nbsp; 764458, 27.000%, 5/20/2026 †x# | BlueVine | 6/23/2025 | 658 | 665 | 661 |
| &nbsp;&nbsp;&nbsp; 764471, 34.560%, 6/05/2026 †x# | BlueVine | 6/23/2025 | 14873 | 15020 | 14866 |
| &nbsp;&nbsp;&nbsp; 764484, 31.080%, 6/22/2026 †x# | BlueVine | 6/23/2025 | 3679 | 3720 | 3726 |
| &nbsp;&nbsp;&nbsp; 764492, 30.396%, 6/08/2026 †x# | BlueVine | 6/23/2025 | 3672 | 3709 | 3670 |
| &nbsp;&nbsp;&nbsp; 764512, 24.480%, 6/15/2026 †x | BlueVine | 6/23/2025 | 43271 | 43718 | 43722 |
| &nbsp;&nbsp;&nbsp; 764521, 26.640%, 6/01/2026 †x | BlueVine | 6/24/2025 | 28489 | 28757 | 28549 |
| &nbsp;&nbsp;&nbsp; 764572, 35.760%, 6/05/2026 †x# | BlueVine | 6/24/2025 | 37316 | 37687 | 37229 |
| &nbsp;&nbsp;&nbsp; 764695, 33.800%, 2/27/2026 †x^ | BlueVine | 6/25/2025 | 205 | 205 | 204 |
| &nbsp;&nbsp;&nbsp; 764700, 48.000%, 6/15/2026 †x | BlueVine | 6/25/2025 | 3868 | 3911 | 3897 |
| &nbsp;&nbsp;&nbsp; 764713, 24.960%, 6/15/2026 †x | BlueVine | 6/26/2025 | 1806 | 1824 | 1819 |
| &nbsp;&nbsp;&nbsp; 764746, 20.628%, 6/22/2026 †x | BlueVine | 6/25/2025 | 11758 | 11884 | 11904 |
| &nbsp;&nbsp;&nbsp; 764759, 23.160%, 6/15/2026 †x | BlueVine | 6/25/2025 | 3950 | 3991 | 3988 |
| &nbsp;&nbsp;&nbsp; 764854, 22.200%, 6/04/2026 †x# | BlueVine | 6/26/2025 | 40620 | 41008 | 40766 |
| &nbsp;&nbsp;&nbsp; 764857, 37.920%, 6/22/2026 †x | BlueVine | 6/26/2025 | 20093 | 20321 | 20357 |
| &nbsp;&nbsp;&nbsp; 764882, 35.760%, 6/05/2026 †x# | BlueVine | 6/27/2025 | 18658 | 18845 | 18599 |
| &nbsp;&nbsp;&nbsp; 764891, 23.400%, 1/07/2026 †x#^ | BlueVine | 6/27/2025 | 10038 | 10364 | 2421 |
| &nbsp;&nbsp;&nbsp; 764932, 32.520%, 6/08/2026 †x | BlueVine | 6/27/2025 | 14782 | 14932 | 14845 |
| &nbsp;&nbsp;&nbsp; 764945, 23.160%, 6/08/2026 †x | BlueVine | 6/30/2025 | 7843 | 7921 | 7864 |
| &nbsp;&nbsp;&nbsp; 764969, 28.800%, 6/24/2026 †x | BlueVine | 6/30/2025 | 10545 | 10664 | 10726 |
| &nbsp;&nbsp;&nbsp; 764999, 28.800%, 6/16/2026 †x | BlueVine | 6/30/2025 | 21924 | 22160 | 22093 |
| &nbsp;&nbsp;&nbsp; 765015, 19.188%, 12/26/2025 †x#^ | BlueVine | 6/30/2025 | 1335 | 1378 | 200 |
| &nbsp;&nbsp;&nbsp; 765020, 24.960%, 6/15/2026 †x | BlueVine | 7/01/2025 | 1842 | 1861 | 1857 |
| &nbsp;&nbsp;&nbsp; 765029, 25.560%, 6/23/2026 †x | BlueVine | 6/30/2025 | 9045 | 9145 | 9168 |
| &nbsp;&nbsp;&nbsp; 765051, 24.120%, 6/22/2026 †x# | BlueVine | 6/30/2025 | 42141 | 43511 | 13949 |
| &nbsp;&nbsp;&nbsp; 765078, 56.640%, 6/04/2026 †x# | BlueVine | 7/01/2025 | 33611 | 33966 | 33352 |
| &nbsp;&nbsp;&nbsp; 765081, 35.424%, 6/15/2026 †x | BlueVine | 7/01/2025 | 835 | 844 | 840 |
| &nbsp;&nbsp;&nbsp; 765095, 37.440%, 7/01/2026 †x | BlueVine | 7/01/2025 | 5542 | 5609 | 5585 |
| &nbsp;&nbsp;&nbsp; 765097, 46.800%, 1/09/2026 †x#^ | BlueVine | 7/01/2025 | 6657 | 6873 | 1317 |
| &nbsp;&nbsp;&nbsp; 765151, 66.040%, 1/02/2026 †x#^ | BlueVine | 7/01/2025 | 4534 | 4681 | 739 |
| &nbsp;&nbsp;&nbsp; 765196, 27.000%, 6/17/2026 †x | BlueVine | 7/02/2025 | 45425 | 45915 | 45789 |
| &nbsp;&nbsp;&nbsp; 765229, 28.800%, 6/25/2026 †x# | BlueVine | 7/02/2025 | 27088 | 27397 | 27540 |
| &nbsp;&nbsp;&nbsp; 765344, 29.280%, 7/06/2026 †x | BlueVine | 7/03/2025 | 3616 | 3660 | 3628 |
| &nbsp;&nbsp;&nbsp; 765359, 24.960%, 7/07/2026 †x | BlueVine | 7/03/2025 | 5362 | 5427 | 5386 |
| &nbsp;&nbsp;&nbsp; 765389, 36.000%, 6/26/2026 †x# | BlueVine | 7/03/2025 | 6901 | 6982 | 7039 |
| &nbsp;&nbsp;&nbsp; 765407, 48.960%, 6/22/2026 †x# | BlueVine | 7/03/2025 | 44169 | 44702 | 44613 |
| &nbsp;&nbsp;&nbsp; 765416, 35.640%, 6/23/2026 †x | BlueVine | 7/03/2025 | 18651 | 18866 | 18867 |
| &nbsp;&nbsp;&nbsp; 765446, 24.960%, 7/06/2026 †x | BlueVine | 7/07/2025 | 14299 | 14473 | 14427 |
| &nbsp;&nbsp;&nbsp; 765489, 24.960%, 6/29/2026 †x# | BlueVine | 7/07/2025 | 1341 | 1356 | 1346 |
| &nbsp;&nbsp;&nbsp; 765554, 78.000%, 9/09/2026 †x# | BlueVine | 7/08/2025 | 4332 | 4473 | 1609 |
| &nbsp;&nbsp;&nbsp; 765589, 39.520%, 1/15/2026 †x#^ | BlueVine | 7/08/2025 | 551 | 569 | 83 |
| &nbsp;&nbsp;&nbsp; 765603, 29.760%, 6/25/2026 †x# | BlueVine | 7/08/2025 | 4526 | 4579 | 4607 |
| &nbsp;&nbsp;&nbsp; 765604, 23.160%, 7/01/2026 †x | BlueVine | 7/09/2025 | 36020 | 36445 | 36249 |
| &nbsp;&nbsp;&nbsp; 765611, 26.640%, 6/29/2026 †x# | BlueVine | 7/08/2025 | 28062 | 28393 | 28148 |
| &nbsp;&nbsp;&nbsp; 765680, 19.188%, 1/12/2026 †x#^ | BlueVine | 7/09/2025 | 1011 | 1044 | 152 |
| &nbsp;&nbsp;&nbsp; 765707, 31.408%, 1/05/2026 †x#^ | BlueVine | 7/09/2025 | 15661 | 16170 | 2349 |
| &nbsp;&nbsp;&nbsp; 765741, 17.880%, 6/15/2026 †x | BlueVine | 7/09/2025 | 7065 | 7139 | 7131 |
| &nbsp;&nbsp;&nbsp; 765797, 32.520%, 7/01/2026 †x | BlueVine | 7/10/2025 | 6839 | 6922 | 6832 |
| &nbsp;&nbsp;&nbsp; 765853, 24.960%, 6/24/2026 †x# | BlueVine | 7/10/2025 | 6139 | 6209 | 6220 |
| &nbsp;&nbsp;&nbsp; 765868, 27.560%, 1/06/2026 †x#^ | BlueVine | 7/10/2025 | 42748 | 44137 | 6412 |
| &nbsp;&nbsp;&nbsp; 765912, 80.080%, 1/21/2026 †x#^ | BlueVine | 7/11/2025 | 4487 | 4633 | 1028 |
| &nbsp;&nbsp;&nbsp; 765921, 29.280%, 7/06/2026 †x | BlueVine | 7/11/2025 | 4992 | 5054 | 5007 |
| &nbsp;&nbsp;&nbsp; 765926, 18.720%, 6/29/2026 †x# | BlueVine | 7/11/2025 | 23789 | 24065 | 23992 |
| &nbsp;&nbsp;&nbsp; 766053, 35.760%, 7/10/2026 †x# | BlueVine | 7/14/2025 | 36784 | 37261 | 37057 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6340** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 766082, 56.640%, 6/22/2026 †x | BlueVine | 7/14/2025 | $21403 | $21669 | $21519 |
| &nbsp;&nbsp;&nbsp; 766135, 39.960%, 7/15/2026 †x | BlueVine | 7/15/2025 | 13944 | 14133 | 14116 |
| &nbsp;&nbsp;&nbsp; 766138, 24.960%, 7/16/2026 †x# | BlueVine | 7/15/2025 | 5362 | 5432 | 5424 |
| &nbsp;&nbsp;&nbsp; 766181, 28.800%, 7/06/2026 †x | BlueVine | 7/15/2025 | 33860 | 34283 | 34126 |
| &nbsp;&nbsp;&nbsp; 766230, 63.120%, 7/08/2026 †x | BlueVine | 7/16/2025 | 36909 | 37406 | 37144 |
| &nbsp;&nbsp;&nbsp; 766277, 25.560%, 7/14/2026 †x | BlueVine | 7/16/2025 | 25573 | 25902 | 25834 |
| &nbsp;&nbsp;&nbsp; 766312, 22.920%, 7/14/2026 †x | BlueVine | 7/16/2025 | 33330 | 33757 | 33780 |
| &nbsp;&nbsp;&nbsp; 766336, 58.760%, 7/13/2026 †x | BlueVine | 7/17/2025 | 27341 | 27341 | 27711 |
| &nbsp;&nbsp;&nbsp; 766352, 33.280%, 1/13/2026 †x#^ | BlueVine | 7/17/2025 | 6954 | 7180 | 1043 |
| &nbsp;&nbsp;&nbsp; 766354, 74.880%, 1/13/2026 †x#^ | BlueVine | 7/17/2025 | 35808 | 36972 | 13395 |
| &nbsp;&nbsp;&nbsp; 766428, 56.640%, 12/28/2026 †x# | BlueVine | 7/18/2025 | 11989 | 12379 | 1951 |
| &nbsp;&nbsp;&nbsp; 766466, 47.280%, 7/14/2026 †x | BlueVine | 7/18/2025 | 47350 | 48002 | 47850 |
| &nbsp;&nbsp;&nbsp; 766486, 43.920%, 7/06/2026 †x# | BlueVine | 7/18/2025 | 4695 | 4756 | 4713 |
| &nbsp;&nbsp;&nbsp; 766490, 39.960%, 7/13/2026 †x | BlueVine | 7/18/2025 | 13530 | 13711 | 13619 |
| &nbsp;&nbsp;&nbsp; 766517, 31.200%, 7/06/2026 †x# | BlueVine | 7/18/2025 | 77794 | 80322 | 14816 |
| &nbsp;&nbsp;&nbsp; 766528, 48.720%, 6/23/2026 †x | BlueVine | 7/18/2025 | 5426 | 5493 | 5451 |
| &nbsp;&nbsp;&nbsp; 766574, 23.400%, 1/22/2026 †x#^ | BlueVine | 7/21/2025 | 463 | 478 | 286 |
| &nbsp;&nbsp;&nbsp; 766586, 29.760%, 7/01/2026 †x | BlueVine | 7/21/2025 | 13579 | 13746 | 13591 |
| &nbsp;&nbsp;&nbsp; 766705, 25.752%, 7/15/2026 †x | BlueVine | 7/22/2025 | 9119 | 9239 | 9243 |
| &nbsp;&nbsp;&nbsp; 766774, 26.520%, 7/13/2026 †x | BlueVine | 7/23/2025 | 2692 | 2728 | 2723 |
| &nbsp;&nbsp;&nbsp; 766795, 35.880%, 7/13/2026 †x# | BlueVine | 7/23/2025 | 6258 | 6461 | 1964 |
| &nbsp;&nbsp;&nbsp; 766812, 39.520%, 1/26/2026 †x#^ | BlueVine | 7/23/2025 | 298 | 307 | 45 |
| &nbsp;&nbsp;&nbsp; 766834, 35.640%, 6/05/2026 †x# | BlueVine | 7/23/2025 | 17783 | 18361 | 2600 |
| &nbsp;&nbsp;&nbsp; 766839, 20.760%, 7/06/2026 †x | BlueVine | 7/24/2025 | 37553 | 38022 | 37709 |
| &nbsp;&nbsp;&nbsp; 766846, 56.160%, 1/26/2026 †x#^ | BlueVine | 7/23/2025 | 174 | 180 | 102 |
| &nbsp;&nbsp;&nbsp; 766848, 36.920%, 1/27/2026 †x#^ | BlueVine | 7/24/2025 | 1655 | 1709 | 504 |
| &nbsp;&nbsp;&nbsp; 766849, 39.960%, 7/06/2026 †x | BlueVine | 7/24/2025 | 52217 | 52903 | 52386 |
| &nbsp;&nbsp;&nbsp; 766851, 56.160%, 1/20/2026 †x^ | BlueVine | 7/24/2025 | 11 | 11 | 4 |
| &nbsp;&nbsp;&nbsp; 766854, 47.840%, 2/02/2026 †x#^ | BlueVine | 7/24/2025 | 239 | 247 | 66 |
| &nbsp;&nbsp;&nbsp; 766880, 20.040%, 7/01/2026 †x | BlueVine | 7/24/2025 | 13228 | 13389 | 13260 |
| &nbsp;&nbsp;&nbsp; 767086, 23.400%, 1/29/2026 †x#^ | BlueVine | 7/28/2025 | 361 | 373 | 241 |
| &nbsp;&nbsp;&nbsp; 767089, 42.120%, 1/29/2026 †x#^ | BlueVine | 7/28/2025 | 394 | 407 | 218 |
| &nbsp;&nbsp;&nbsp; 767151, 30.680%, 1/30/2026 †x#^ | BlueVine | 7/29/2025 | 5574 | 5755 | 836 |
| &nbsp;&nbsp;&nbsp; 767177, 29.760%, 7/06/2026 †x | BlueVine | 7/29/2025 | 29420 | 29802 | 29590 |
| &nbsp;&nbsp;&nbsp; 767189, 25.440%, 7/01/2026 †x | BlueVine | 7/29/2025 | 5369 | 5436 | 5396 |
| &nbsp;&nbsp;&nbsp; 767191, 24.120%, 7/01/2026 †x | BlueVine | 7/29/2025 | 44585 | 45140 | 44678 |
| &nbsp;&nbsp;&nbsp; 767235, 27.960%, 7/21/2026 †x | BlueVine | 7/30/2025 | 14123 | 14319 | 14344 |
| &nbsp;&nbsp;&nbsp; 767248, 48.000%, 7/13/2026 †x | BlueVine | 7/30/2025 | 12063 | 12232 | 12131 |
| &nbsp;&nbsp;&nbsp; 767283, 57.720%, 1/26/2026 †x#^ | BlueVine | 7/30/2025 | 7132 | 7364 | 1070 |
| &nbsp;&nbsp;&nbsp; 767313, 19.188%, 2/02/2026 †x#^ | BlueVine | 7/30/2025 | 2779 | 2870 | 417 |
| &nbsp;&nbsp;&nbsp; 767335, 22.920%, 7/08/2026 †x | BlueVine | 7/30/2025 | 2711 | 2746 | 2735 |
| &nbsp;&nbsp;&nbsp; 767383, 35.424%, 7/28/2026 †x# | BlueVine | 7/31/2025 | 19023 | 19299 | 19067 |
| &nbsp;&nbsp;&nbsp; 767392, 28.668%, 7/24/2026 †x# | BlueVine | 7/31/2025 | 18052 | 18307 | 18415 |
| &nbsp;&nbsp;&nbsp; 767398, 30.600%, 7/28/2026 †x# | BlueVine | 7/31/2025 | 40327 | 40909 | 40583 |
| &nbsp;&nbsp;&nbsp; 767426, 35.880%, 7/24/2026 †x | BlueVine | 7/31/2025 | 12943 | 13064 | 13020 |
| &nbsp;&nbsp;&nbsp; 767442, 28.056%, 7/27/2026 †x# | BlueVine | 8/01/2025 | 106922 | 108450 | 109105 |
| &nbsp;&nbsp;&nbsp; 767451, 23.160%, 7/15/2026 †x | BlueVine | 8/01/2025 | 15859 | 16072 | 16057 |
| &nbsp;&nbsp;&nbsp; 767599, 37.440%, 4/16/2026 †x# | BlueVine | 8/04/2025 | 19655 | 20294 | 7085 |
| &nbsp;&nbsp;&nbsp; 767615, 24.888%, 8/05/2026 †x | BlueVine | 8/04/2025 | 29191 | 29623 | 29399 |
| &nbsp;&nbsp;&nbsp; 767668, 38.760%, 8/03/2026 †x | BlueVine | 8/05/2025 | 44099 | 44771 | 44565 |
| &nbsp;&nbsp;&nbsp; 767763, 25.440%, 7/21/2026 †x | BlueVine | 8/05/2025 | 13423 | 13611 | 13641 |
| &nbsp;&nbsp;&nbsp; 767776, 21.600%, 7/24/2026 †x# | BlueVine | 8/06/2025 | 13284 | 13471 | 13555 |
| &nbsp;&nbsp;&nbsp; 767780, 20.640%, 8/05/2026 †x | BlueVine | 8/06/2025 | 9111 | 9245 | 9215 |
| &nbsp;&nbsp;&nbsp; 767825, 35.760%, 8/10/2026 †x | BlueVine | 8/06/2025 | 51674 | 52479 | 52459 |
| &nbsp;&nbsp;&nbsp; 767949, 39.960%, 8/03/2026 †x | BlueVine | 8/07/2025 | 10980 | 11148 | 11079 |
| &nbsp;&nbsp;&nbsp; 767963, 33.960%, 6/29/2026 †x# | BlueVine | 8/07/2025 | 2217 | 2250 | 2214 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6341** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 767982, 20.628%, 8/03/2026 †x | BlueVine | 8/07/2025 | $13139 | $13331 | $13275 |
| &nbsp;&nbsp;&nbsp; 767991, 29.280%, 8/05/2026 †x | BlueVine | 8/07/2025 | 53610 | 54417 | 53958 |
| &nbsp;&nbsp;&nbsp; 768006, 35.760%, 8/05/2026 †x | BlueVine | 8/07/2025 | 43515 | 44180 | 43725 |
| &nbsp;&nbsp;&nbsp; 768008, 23.160%, 7/17/2026 †x# | BlueVine | 8/08/2025 | 44469 | 45081 | 45028 |
| &nbsp;&nbsp;&nbsp; 768009, 29.280%, 8/05/2026 †x | BlueVine | 8/08/2025 | 13402 | 13605 | 13489 |
| &nbsp;&nbsp;&nbsp; 768010, 32.760%, 7/23/2026 †x# | BlueVine | 8/08/2025 | 11304 | 11467 | 11468 |
| &nbsp;&nbsp;&nbsp; 768038, 24.120%, 7/16/2026 †x# | BlueVine | 8/08/2025 | 26751 | 27118 | 27068 |
| &nbsp;&nbsp;&nbsp; 768069, 69.600%, 8/10/2026 †x | BlueVine | 8/08/2025 | 11761 | 11960 | 11902 |
| &nbsp;&nbsp;&nbsp; 768100, 18.840%, 8/12/2026 †x | BlueVine | 8/11/2025 | 12037 | 12220 | 12184 |
| &nbsp;&nbsp;&nbsp; 768114, 32.520%, 8/03/2026 †x | BlueVine | 8/11/2025 | 27001 | 27412 | 27274 |
| &nbsp;&nbsp;&nbsp; 768142, 27.960%, 8/07/2026 †x# | BlueVine | 8/11/2025 | 1048 | 1064 | 1046 |
| &nbsp;&nbsp;&nbsp; 768145, 22.920%, 8/03/2026 †x | BlueVine | 8/11/2025 | 10844 | 11005 | 10901 |
| &nbsp;&nbsp;&nbsp; 768154, 32.760%, 7/17/2026 †x# | BlueVine | 8/11/2025 | 22000 | 22715 | 3300 |
| &nbsp;&nbsp;&nbsp; 768161, 27.000%, 8/10/2026 †x | BlueVine | 8/11/2025 | 6695 | 6798 | 6762 |
| &nbsp;&nbsp;&nbsp; 768164, 24.120%, 8/06/2026 †x# | BlueVine | 8/11/2025 | 15894 | 16133 | 16092 |
| &nbsp;&nbsp;&nbsp; 768169, 35.760%, 8/05/2026 †x | BlueVine | 8/11/2025 | 13598 | 13808 | 13691 |
| &nbsp;&nbsp;&nbsp; 768177, 39.960%, 7/15/2026 †x | BlueVine | 8/11/2025 | 13944 | 14144 | 14044 |
| &nbsp;&nbsp;&nbsp; 768224, 35.640%, 7/28/2026 †x# | BlueVine | 8/12/2025 | 25494 | 25877 | 25609 |
| &nbsp;&nbsp;&nbsp; 768246, 24.120%, 8/10/2026 †x | BlueVine | 8/12/2025 | 21193 | 21516 | 21477 |
| &nbsp;&nbsp;&nbsp; 768280, 33.720%, 8/13/2026 †x# | BlueVine | 8/12/2025 | 27074 | 27503 | 27541 |
| &nbsp;&nbsp;&nbsp; 768288, 26.352%, 8/03/2026 †x | BlueVine | 8/12/2025 | 10651 | 10811 | 10754 |
| &nbsp;&nbsp;&nbsp; 768375, 19.188%, 2/17/2026 †x#^ | BlueVine | 8/13/2025 | 2000 | 2065 | 300 |
| &nbsp;&nbsp;&nbsp; 768383, 30.360%, 7/27/2026 †x# | BlueVine | 8/13/2025 | 67176 | 68170 | 68404 |
| &nbsp;&nbsp;&nbsp; 768395, 42.120%, 2/17/2026 †x#^ | BlueVine | 8/13/2025 | 849 | 877 | 512 |
| &nbsp;&nbsp;&nbsp; 768428, 84.760%, 2/17/2026 †x#^ | BlueVine | 8/14/2025 | 945 | 976 | 316 |
| &nbsp;&nbsp;&nbsp; 768441, 35.640%, 8/05/2026 †x# | BlueVine | 8/15/2025 | 147459 | 152252 | 20740 |
| &nbsp;&nbsp;&nbsp; 768448, 25.440%, 8/07/2026 †x | BlueVine | 8/14/2025 | 11444 | 11618 | 11551 |
| &nbsp;&nbsp;&nbsp; 768450, 22.200%, 7/20/2026 †x | BlueVine | 8/14/2025 | 2218 | 2249 | 2249 |
| &nbsp;&nbsp;&nbsp; 768483, 20.640%, 8/17/2026 †x# | BlueVine | 8/14/2025 | 6080 | 6175 | 6198 |
| &nbsp;&nbsp;&nbsp; 768489, 22.920%, 8/04/2026 †x | BlueVine | 8/14/2025 | 26417 | 26814 | 26692 |
| &nbsp;&nbsp;&nbsp; 768490, 22.920%, 8/05/2026 †x# | BlueVine | 8/14/2025 | 16651 | 17192 | 2498 |
| &nbsp;&nbsp;&nbsp; 768496, 32.520%, 8/05/2026 †x# | BlueVine | 8/14/2025 | 170959 | 176516 | 24574 |
| &nbsp;&nbsp;&nbsp; 768523, 57.720%, 2/11/2026 †x#^ | BlueVine | 8/15/2025 | 14348 | 14815 | 5177 |
| &nbsp;&nbsp;&nbsp; 768620, 35.640%, 7/23/2026 †x# | BlueVine | 8/18/2025 | 27579 | 27990 | 27959 |
| &nbsp;&nbsp;&nbsp; 768699, 31.920%, 7/23/2026 †x# | BlueVine | 8/18/2025 | 30498 | 30948 | 30904 |
| &nbsp;&nbsp;&nbsp; 768714, 22.200%, 8/12/2026 †x | BlueVine | 8/19/2025 | 6330 | 6428 | 6425 |
| &nbsp;&nbsp;&nbsp; 768737, 42.120%, 9/15/2026 †x | BlueVine | 8/19/2025 | 82738 | 84213 | 83898 |
| &nbsp;&nbsp;&nbsp; 768742, 35.640%, 8/14/2026 †x | BlueVine | 8/19/2025 | 40784 | 41446 | 41393 |
| &nbsp;&nbsp;&nbsp; 768759, 71.760%, 2/13/2026 †x#^ | BlueVine | 8/19/2025 | 3999 | 4129 | 600 |
| &nbsp;&nbsp;&nbsp; 768764, 20.400%, 8/10/2026 †x | BlueVine | 8/19/2025 | 26263 | 26668 | 26619 |
| &nbsp;&nbsp;&nbsp; 768826, 31.440%, 8/24/2026 †x | BlueVine | 8/20/2025 | 39930 | 40595 | 40769 |
| &nbsp;&nbsp;&nbsp; 768843, 47.840%, 2/23/2026 †x#^ | BlueVine | 8/27/2025 | 170 | 170 | 122 |
| &nbsp;&nbsp;&nbsp; 768865, 72.360%, 8/18/2026 †x | BlueVine | 8/20/2025 | 2935 | 2987 | 2973 |
| &nbsp;&nbsp;&nbsp; 768867, 72.360%, 8/18/2026 †x | BlueVine | 8/20/2025 | 5869 | 5973 | 5945 |
| &nbsp;&nbsp;&nbsp; 768920, 24.588%, 8/03/2026 †x | BlueVine | 8/21/2025 | 7956 | 8077 | 7993 |
| &nbsp;&nbsp;&nbsp; 768931, 34.560%, 8/05/2026 †x | BlueVine | 8/25/2025 | 27124 | 27556 | 27265 |
| &nbsp;&nbsp;&nbsp; 768954, 22.920%, 8/10/2026 †x | BlueVine | 8/21/2025 | 5283 | 5366 | 5350 |
| &nbsp;&nbsp;&nbsp; 768981, 48.960%, 8/11/2026 †x | BlueVine | 8/21/2025 | 83955 | 85339 | 84863 |
| &nbsp;&nbsp;&nbsp; 769048, 75.920%, 3/04/2026 †x | BlueVine | 8/22/2025 | 1481 | 1481 | 1477 |
| &nbsp;&nbsp;&nbsp; 769057, 24.240%, 8/14/2026 †x | BlueVine | 8/22/2025 | 10599 | 10768 | 10771 |
| &nbsp;&nbsp;&nbsp; 769061, 24.120%, 8/04/2026 †x | BlueVine | 8/22/2025 | 13345 | 13550 | 13427 |
| &nbsp;&nbsp;&nbsp; 769078, 22.200%, 7/28/2026 †x# | BlueVine | 8/22/2025 | 9148 | 9285 | 4619 |
| &nbsp;&nbsp;&nbsp; 769083, 36.972%, 2/25/2026 †x#^ | BlueVine | 8/22/2025 | 1092 | 1128 | 365 |
| &nbsp;&nbsp;&nbsp; 769086, 66.040%, 4/23/2026 †x# | BlueVine | 8/25/2025 | 33163 | 33331 | 23811 |
| &nbsp;&nbsp;&nbsp; 769090, 24.000%, 7/27/2026 †x# | BlueVine | 8/22/2025 | 19598 | 19890 | 19636 |
| &nbsp;&nbsp;&nbsp; 769118, 25.920%, 8/11/2026 †x | BlueVine | 8/25/2025 | 2660 | 2702 | 2696 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6342** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 769137, 51.948%, 3/05/2026 †x# | BlueVine | 8/25/2025 | $482 | $497 | $155 |
| &nbsp;&nbsp;&nbsp; 769153, 22.200%, 8/27/2026 †x# | BlueVine | 8/25/2025 | 121975 | 124003 | 122438 |
| &nbsp;&nbsp;&nbsp; 769198, 35.640%, 8/21/2026 †x | BlueVine | 8/26/2025 | 54379 | 55296 | 55465 |
| &nbsp;&nbsp;&nbsp; 769200, 27.000%, 8/10/2026 †x | BlueVine | 8/26/2025 | 8079 | 8208 | 8158 |
| &nbsp;&nbsp;&nbsp; 769212, 24.960%, 8/28/2026 †x# | BlueVine | 8/26/2025 | 1533 | 1559 | 1555 |
| &nbsp;&nbsp;&nbsp; 769213, 31.200%, 9/02/2026 †x# | BlueVine | 8/26/2025 | 7134 | 7257 | 7191 |
| &nbsp;&nbsp;&nbsp; 769216, 35.760%, 7/02/2026 †x | BlueVine | 8/26/2025 | 11444 | 11625 | 11385 |
| &nbsp;&nbsp;&nbsp; 769232, 22.680%, 8/10/2026 †x | BlueVine | 8/26/2025 | 5281 | 5364 | 5349 |
| &nbsp;&nbsp;&nbsp; 769244, 31.440%, 8/03/2026 †x | BlueVine | 8/26/2025 | 8619 | 8755 | 8677 |
| &nbsp;&nbsp;&nbsp; 769262, 29.640%, 3/20/2026 †x# | BlueVine | 8/26/2025 | 4212 | 4212 | 2978 |
| &nbsp;&nbsp;&nbsp; 769335, 42.120%, 8/26/2026 †x# | BlueVine | 8/27/2025 | 15822 | 16098 | 16223 |
| &nbsp;&nbsp;&nbsp; 769379, 27.960%, 8/10/2026 †x | BlueVine | 8/28/2025 | 16035 | 16292 | 16218 |
| &nbsp;&nbsp;&nbsp; 769383, 33.000%, 8/25/2026 †x# | BlueVine | 8/29/2025 | 40460 | 41150 | 41248 |
| &nbsp;&nbsp;&nbsp; 769389, 24.120%, 8/11/2026 †x | BlueVine | 8/28/2025 | 32849 | 33373 | 33272 |
| &nbsp;&nbsp;&nbsp; 769402, 32.520%, 7/13/2026 †x# | BlueVine | 8/28/2025 | 11032 | 11212 | 11114 |
| &nbsp;&nbsp;&nbsp; 769479, 34.840%, 2/25/2026 †x#^ | BlueVine | 8/29/2025 | 1670 | 1670 | 1673 |
| &nbsp;&nbsp;&nbsp; 769482, 29.280%, 8/05/2026 †x | BlueVine | 8/29/2025 | 40207 | 40846 | 40520 |
| &nbsp;&nbsp;&nbsp; 769484, 24.440%, 2/25/2026 †x#^ | BlueVine | 8/29/2025 | 1630 | 1630 | 1633 |
| &nbsp;&nbsp;&nbsp; 769494, 30.000%, 8/10/2026 †x | BlueVine | 8/29/2025 | 26849 | 27283 | 27120 |
| &nbsp;&nbsp;&nbsp; 769512, 27.612%, 2/25/2026 †x#^ | BlueVine | 8/29/2025 | 968 | 968 | 970 |
| &nbsp;&nbsp;&nbsp; 769517, 27.000%, 8/27/2026 †x# | BlueVine | 9/10/2025 | 11079 | 11272 | 11195 |
| &nbsp;&nbsp;&nbsp; 769523, 67.600%, 2/25/2026 †x#^ | BlueVine | 8/29/2025 | 1350 | 1350 | 1352 |
| &nbsp;&nbsp;&nbsp; 769527, 62.400%, 2/25/2026 †x#^ | BlueVine | 8/29/2025 | 667 | 667 | 668 |
| &nbsp;&nbsp;&nbsp; 769539, 28.600%, 2/25/2026 †x#^ | BlueVine | 8/29/2025 | 823 | 823 | 823 |
| &nbsp;&nbsp;&nbsp; 769548, 58.760%, 2/26/2026 †x#^ | BlueVine | 9/02/2025 | 1231 | 1231 | 1233 |
| &nbsp;&nbsp;&nbsp; 769553, 32.760%, 8/20/2026 †x# | BlueVine | 9/03/2025 | 69634 | 71897 | 10445 |
| &nbsp;&nbsp;&nbsp; 769560, 67.600%, 2/26/2026 †x#^ | BlueVine | 9/02/2025 | 135 | 135 | 135 |
| &nbsp;&nbsp;&nbsp; 769567, 22.920%, 8/27/2026 †x# | BlueVine | 9/02/2025 | 122144 | 124217 | 123677 |
| &nbsp;&nbsp;&nbsp; 769591, 51.480%, 2/26/2026 †x#^ | BlueVine | 9/02/2025 | 130 | 130 | 130 |
| &nbsp;&nbsp;&nbsp; 769592, 47.840%, 2/26/2026 †x#^ | BlueVine | 9/02/2025 | 556 | 556 | 557 |
| &nbsp;&nbsp;&nbsp; 769593, 24.120%, 9/03/2026 †x | BlueVine | 9/02/2025 | 12920 | 13144 | 13111 |
| &nbsp;&nbsp;&nbsp; 769628, 22.200%, 8/18/2026 †x | BlueVine | 9/04/2025 | 7912 | 8043 | 8042 |
| &nbsp;&nbsp;&nbsp; 769681, 24.960%, 8/27/2026 †x# | BlueVine | 9/03/2025 | 46069 | 46856 | 46645 |
| &nbsp;&nbsp;&nbsp; 769684, 39.960%, 9/02/2026 †x | BlueVine | 9/03/2025 | 22065 | 22462 | 22392 |
| &nbsp;&nbsp;&nbsp; 769692, 24.440%, 2/27/2026 †x#^ | BlueVine | 9/03/2025 | 204 | 204 | 203 |
| &nbsp;&nbsp;&nbsp; 769699, 24.480%, 8/13/2026 †x# | BlueVine | 9/03/2025 | 39769 | 40418 | 40281 |
| &nbsp;&nbsp;&nbsp; 769701, 30.680%, 2/27/2026 †x^ | BlueVine | 9/03/2025 | 62 | 62 | 62 |
| &nbsp;&nbsp;&nbsp; 769705, 78.000%, 7/17/2026 †x# | BlueVine | 9/03/2025 | 3162 | 3162 | 3180 |
| &nbsp;&nbsp;&nbsp; 769725, 33.000%, 9/01/2026 †x | BlueVine | 9/03/2025 | 7469 | 7601 | 7576 |
| &nbsp;&nbsp;&nbsp; 769728, 21.320%, 2/27/2026 †x#^ | BlueVine | 9/03/2025 | 405 | 405 | 404 |
| &nbsp;&nbsp;&nbsp; 769743, 79.040%, 2/27/2026 †x#^ | BlueVine | 9/03/2025 | 3000 | 3000 | 2984 |
| &nbsp;&nbsp;&nbsp; 769753, 46.800%, 2/27/2026 †x#^ | BlueVine | 9/03/2025 | 429 | 429 | 428 |
| &nbsp;&nbsp;&nbsp; 769803, 42.600%, 8/26/2026 †x# | BlueVine | 9/04/2025 | 7373 | 7504 | 7537 |
| &nbsp;&nbsp;&nbsp; 769821, 56.160%, 3/03/2026 †x | BlueVine | 9/04/2025 | 44 | 44 | 44 |
| &nbsp;&nbsp;&nbsp; 769832, 66.040%, 3/03/2026 †x | BlueVine | 9/04/2025 | 251 | 251 | 252 |
| &nbsp;&nbsp;&nbsp; 769839, 22.920%, 8/24/2026 †x | BlueVine | 9/04/2025 | 47023 | 47817 | 48100 |
| &nbsp;&nbsp;&nbsp; 769854, 46.800%, 3/03/2026 †x | BlueVine | 9/04/2025 | 1717 | 1717 | 1720 |
| &nbsp;&nbsp;&nbsp; 769869, 18.408%, 3/03/2026 †x | BlueVine | 9/04/2025 | 100 | 100 | 100 |
| &nbsp;&nbsp;&nbsp; 769874, 29.280%, 8/14/2026 †x# | BlueVine | 9/04/2025 | 10437 | 10610 | 10570 |
| &nbsp;&nbsp;&nbsp; 769878, 31.200%, 3/03/2026 †x | BlueVine | 9/04/2025 | 624 | 624 | 624 |
| &nbsp;&nbsp;&nbsp; 769890, 27.040%, 3/03/2026 †x | BlueVine | 9/04/2025 | 390 | 390 | 390 |
| &nbsp;&nbsp;&nbsp; 769893, 46.280%, 3/03/2026 †x | BlueVine | 9/04/2025 | 242 | 242 | 243 |
| &nbsp;&nbsp;&nbsp; 769894, 43.680%, 3/03/2026 †x | BlueVine | 9/04/2025 | 188 | 188 | 188 |
| &nbsp;&nbsp;&nbsp; 769902, 72.800%, 3/03/2026 †x# | BlueVine | 9/04/2025 | 16937 | 17488 | 2541 |
| &nbsp;&nbsp;&nbsp; 769921, 30.680%, 3/03/2026 †x | BlueVine | 9/04/2025 | 165 | 165 | 165 |
| &nbsp;&nbsp;&nbsp; 769972, 23.400%, 3/04/2026 †x | BlueVine | 9/05/2025 | 1693 | 1693 | 1699 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6343** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 769974, 80.080%, 3/04/2026 †x | BlueVine | 9/05/2025 | $413 | $413 | $413 |
| &nbsp;&nbsp;&nbsp; 769975, 29.120%, 3/04/2026 †x | BlueVine | 9/05/2025 | 2055 | 2055 | 2057 |
| &nbsp;&nbsp;&nbsp; 769977, 56.160%, 8/12/2026 †x | BlueVine | 9/05/2025 | 8045 | 8084 | 8125 |
| &nbsp;&nbsp;&nbsp; 769986, 59.280%, 3/04/2026 †x | BlueVine | 9/05/2025 | 703 | 703 | 703 |
| &nbsp;&nbsp;&nbsp; 769987, 23.400%, 3/04/2026 †x | BlueVine | 9/05/2025 | 1199 | 1199 | 1203 |
| &nbsp;&nbsp;&nbsp; 770002, 29.400%, 8/19/2026 †x | BlueVine | 9/05/2025 | 5362 | 5453 | 5445 |
| &nbsp;&nbsp;&nbsp; 770006, 45.760%, 3/04/2026 †x | BlueVine | 9/05/2025 | 597 | 597 | 597 |
| &nbsp;&nbsp;&nbsp; 770016, 24.000%, 8/17/2026 †x | BlueVine | 9/05/2025 | 22246 | 22616 | 22572 |
| &nbsp;&nbsp;&nbsp; 770019, 47.840%, 3/04/2026 †x | BlueVine | 9/05/2025 | 3855 | 3855 | 3858 |
| &nbsp;&nbsp;&nbsp; 770023, 57.720%, 3/11/2026 †x | BlueVine | 9/05/2025 | 11750 | 11750 | 11790 |
| &nbsp;&nbsp;&nbsp; 770029, 74.880%, 3/04/2026 †x | BlueVine | 9/05/2025 | 227 | 227 | 227 |
| &nbsp;&nbsp;&nbsp; 770079, 23.160%, 8/13/2026 †x# | BlueVine | 9/08/2025 | 18330 | 18633 | 18672 |
| &nbsp;&nbsp;&nbsp; 770082, 24.120%, 9/08/2026 †x | BlueVine | 9/08/2025 | 2449 | 2492 | 2491 |
| &nbsp;&nbsp;&nbsp; 770100, 72.800%, 3/05/2026 †x | BlueVine | 9/08/2025 | 244 | 244 | 245 |
| &nbsp;&nbsp;&nbsp; 770105, 35.880%, 3/05/2026 †x | BlueVine | 9/08/2025 | 250 | 250 | 251 |
| &nbsp;&nbsp;&nbsp; 770107, 23.160%, 9/03/2026 †x | BlueVine | 9/08/2025 | 33605 | 34195 | 34075 |
| &nbsp;&nbsp;&nbsp; 770109, 56.160%, 3/05/2026 †x | BlueVine | 9/08/2025 | 3489 | 3489 | 3498 |
| &nbsp;&nbsp;&nbsp; 770113, 46.800%, 3/13/2026 †x# | BlueVine | 9/08/2025 | 5809 | 5998 | 1686 |
| &nbsp;&nbsp;&nbsp; 770131, 36.920%, 3/05/2026 †x | BlueVine | 9/08/2025 | 6272 | 6272 | 6280 |
| &nbsp;&nbsp;&nbsp; 770139, 66.040%, 3/05/2026 †x | BlueVine | 9/08/2025 | 1069 | 1069 | 1072 |
| &nbsp;&nbsp;&nbsp; 770174, 66.040%, 3/06/2026 †x | BlueVine | 9/09/2025 | 89 | 89 | 89 |
| &nbsp;&nbsp;&nbsp; 770179, 30.680%, 3/06/2026 †x | BlueVine | 9/09/2025 | 402 | 402 | 402 |
| &nbsp;&nbsp;&nbsp; 770186, 24.440%, 3/06/2026 †x | BlueVine | 9/09/2025 | 285 | 285 | 284 |
| &nbsp;&nbsp;&nbsp; 770206, 47.840%, 3/06/2026 †x | BlueVine | 9/09/2025 | 1713 | 1713 | 1705 |
| &nbsp;&nbsp;&nbsp; 770211, 61.880%, 3/06/2026 †x | BlueVine | 9/09/2025 | 1325 | 1325 | 1319 |
| &nbsp;&nbsp;&nbsp; 770218, 46.800%, 3/10/2026 †x | BlueVine | 9/09/2025 | 5744 | 5744 | 5754 |
| &nbsp;&nbsp;&nbsp; 770220, 27.040%, 3/06/2026 †x | BlueVine | 9/09/2025 | 1227 | 1227 | 1223 |
| &nbsp;&nbsp;&nbsp; 770224, 46.800%, 3/06/2026 †x | BlueVine | 9/09/2025 | 855 | 855 | 849 |
| &nbsp;&nbsp;&nbsp; 770231, 52.000%, 3/06/2026 †x | BlueVine | 9/09/2025 | 3890 | 3890 | 3874 |
| &nbsp;&nbsp;&nbsp; 770255, 37.440%, 3/06/2026 †x | BlueVine | 9/09/2025 | 251 | 251 | 250 |
| &nbsp;&nbsp;&nbsp; 770256, 31.200%, 9/08/2026 †x# | BlueVine | 9/17/2025 | 58936 | 60022 | 59675 |
| &nbsp;&nbsp;&nbsp; 770280, 37.440%, 9/01/2026 †x | BlueVine | 9/10/2025 | 47067 | 47914 | 47578 |
| &nbsp;&nbsp;&nbsp; 770284, 58.760%, 3/09/2026 †x | BlueVine | 9/10/2025 | 2193 | 2193 | 2186 |
| &nbsp;&nbsp;&nbsp; 770285, 41.080%, 3/09/2026 †x | BlueVine | 9/10/2025 | 12659 | 12659 | 12644 |
| &nbsp;&nbsp;&nbsp; 770286, 38.160%, 8/24/2026 †x | BlueVine | 9/10/2025 | 22435 | 22832 | 22839 |
| &nbsp;&nbsp;&nbsp; 770294, 72.800%, 3/02/2026 †x# | BlueVine | 9/10/2025 | 53 | 53 | 53 |
| &nbsp;&nbsp;&nbsp; 770295, 50.440%, 3/16/2026 †x# | BlueVine | 9/10/2025 | 3140 | 3242 | 471 |
| &nbsp;&nbsp;&nbsp; 770298, 58.760%, 3/09/2026 †x# | BlueVine | 9/10/2025 | 129 | 129 | 92 |
| &nbsp;&nbsp;&nbsp; 770305, 30.680%, 3/09/2026 †x | BlueVine | 9/10/2025 | 884 | 884 | 883 |
| &nbsp;&nbsp;&nbsp; 770318, 29.120%, 3/09/2026 †x | BlueVine | 9/10/2025 | 82 | 82 | 82 |
| &nbsp;&nbsp;&nbsp; 770324, 31.680%, 9/11/2026 †x# | BlueVine | 9/10/2025 | 18628 | 18969 | 18974 |
| &nbsp;&nbsp;&nbsp; 770326, 57.720%, 3/09/2026 †x# | BlueVine | 9/10/2025 | 870 | 898 | 130 |
| &nbsp;&nbsp;&nbsp; 770328, 29.760%, 9/08/2026 †x# | BlueVine | 9/10/2025 | 49496 | 50392 | 50193 |
| &nbsp;&nbsp;&nbsp; 770340, 72.360%, 9/18/2026 †x | BlueVine | 9/10/2025 | 3375 | 3443 | 3464 |
| &nbsp;&nbsp;&nbsp; 770345, 67.600%, 3/09/2026 †x | BlueVine | 9/10/2025 | 1422 | 1422 | 1418 |
| &nbsp;&nbsp;&nbsp; 770349, 48.000%, 8/21/2026 †x# | BlueVine | 9/11/2025 | 13964 | 14212 | 14140 |
| &nbsp;&nbsp;&nbsp; 770358, 33.800%, 3/09/2026 †x | BlueVine | 9/10/2025 | 85 | 85 | 85 |
| &nbsp;&nbsp;&nbsp; 770380, 21.384%, 9/08/2026 †x# | BlueVine | 9/10/2025 | 6089 | 6197 | 6150 |
| &nbsp;&nbsp;&nbsp; 770399, 26.352%, 9/08/2026 †x# | BlueVine | 9/11/2025 | 14394 | 14652 | 14560 |
| &nbsp;&nbsp;&nbsp; 770425, 22.200%, 8/18/2026 †x | BlueVine | 9/11/2025 | 30117 | 30625 | 30624 |
| &nbsp;&nbsp;&nbsp; 770428, 65.520%, 3/10/2026 †x | BlueVine | 9/11/2025 | 445 | 445 | 445 |
| &nbsp;&nbsp;&nbsp; 770431, 22.920%, 9/09/2026 †x | BlueVine | 9/11/2025 | 3054 | 3108 | 3092 |
| &nbsp;&nbsp;&nbsp; 770446, 47.320%, 9/18/2026 †x# | BlueVine | 9/11/2025 | 52941 | 54661 | 19400 |
| &nbsp;&nbsp;&nbsp; 770506, 41.080%, 3/11/2026 †x | BlueVine | 9/12/2025 | 13388 | 13388 | 13433 |
| &nbsp;&nbsp;&nbsp; 770518, 23.400%, 3/11/2026 †x | BlueVine | 9/12/2025 | 4129 | 4129 | 4148 |
| &nbsp;&nbsp;&nbsp; 770520, 47.840%, 3/11/2026 †x | BlueVine | 9/12/2025 | 711 | 711 | 712 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6344** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 770523, 24.440%, 3/11/2026 †x | BlueVine | 9/12/2025 | $1369 | $1369 | $1374 |
| &nbsp;&nbsp;&nbsp; 770536, 51.480%, 3/11/2026 †x | BlueVine | 9/12/2025 | 915 | 915 | 918 |
| &nbsp;&nbsp;&nbsp; 770538, 21.320%, 3/11/2026 †x | BlueVine | 9/12/2025 | 1791 | 1791 | 1795 |
| &nbsp;&nbsp;&nbsp; 770540, 48.960%, 9/08/2026 †x | BlueVine | 9/12/2025 | 19135 | 19492 | 19364 |
| &nbsp;&nbsp;&nbsp; 770541, 30.600%, 8/24/2026 †x | BlueVine | 9/12/2025 | 2689 | 2736 | 2736 |
| &nbsp;&nbsp;&nbsp; 770553, 56.160%, 3/18/2026 †x# | BlueVine | 9/12/2025 | 37223 | 38433 | 13160 |
| &nbsp;&nbsp;&nbsp; 770602, 57.200%, 3/12/2026 †x# | BlueVine | 9/15/2025 | 10422 | 10422 | 7483 |
| &nbsp;&nbsp;&nbsp; 770603, 66.040%, 3/12/2026 †x | BlueVine | 9/15/2025 | 2125 | 2125 | 2137 |
| &nbsp;&nbsp;&nbsp; 770609, 52.000%, 3/12/2026 †x | BlueVine | 9/15/2025 | 3871 | 3871 | 3886 |
| &nbsp;&nbsp;&nbsp; 770611, 80.080%, 4/09/2026 †x | BlueVine | 9/15/2025 | 2035 | 2047 | 1461 |
| &nbsp;&nbsp;&nbsp; 770645, 57.720%, 3/12/2026 †x | BlueVine | 9/15/2025 | 588 | 588 | 590 |
| &nbsp;&nbsp;&nbsp; 770655, 30.000%, 9/08/2026 †x | BlueVine | 9/15/2025 | 11181 | 11386 | 11343 |
| &nbsp;&nbsp;&nbsp; 770677, 33.000%, 9/01/2026 †x | BlueVine | 9/15/2025 | 6225 | 6337 | 6294 |
| &nbsp;&nbsp;&nbsp; 770681, 47.840%, 11/20/2026 †x# | BlueVine | 9/15/2025 | 19733 | 20374 | 5260 |
| &nbsp;&nbsp;&nbsp; 770687, 29.120%, 3/12/2026 †x | BlueVine | 9/15/2025 | 6147 | 6147 | 6177 |
| &nbsp;&nbsp;&nbsp; 770703, 29.120%, 3/12/2026 †x | BlueVine | 9/15/2025 | 4917 | 4917 | 4940 |
| &nbsp;&nbsp;&nbsp; 770710, 30.680%, 3/17/2026 †x# | BlueVine | 9/15/2025 | 890 | 919 | 507 |
| &nbsp;&nbsp;&nbsp; 770721, 29.280%, 9/11/2026 †x# | BlueVine | 9/15/2025 | 123630 | 125907 | 125461 |
| &nbsp;&nbsp;&nbsp; 770744, 80.080%, 3/13/2026 †x | BlueVine | 9/16/2025 | 683 | 683 | 681 |
| &nbsp;&nbsp;&nbsp; 770746, 63.120%, 9/15/2026 †x | BlueVine | 9/16/2025 | 13781 | 14057 | 14088 |
| &nbsp;&nbsp;&nbsp; 770761, 78.000%, 3/13/2026 †x | BlueVine | 9/16/2025 | 1905 | 1905 | 1896 |
| &nbsp;&nbsp;&nbsp; 770772, 25.560%, 9/14/2026 †x | BlueVine | 9/16/2025 | 20256 | 20631 | 20607 |
| &nbsp;&nbsp;&nbsp; 770786, 20.640%, 9/14/2026 †x# | BlueVine | 9/16/2025 | 121608 | 123832 | 123867 |
| &nbsp;&nbsp;&nbsp; 770873, 36.400%, 3/16/2026 †x | BlueVine | 9/17/2025 | 4994 | 4994 | 5010 |
| &nbsp;&nbsp;&nbsp; 770886, 22.200%, 8/25/2026 †x# | BlueVine | 9/17/2025 | 11896 | 12104 | 12199 |
| &nbsp;&nbsp;&nbsp; 770892, 36.920%, 3/23/2026 †x | BlueVine | 9/17/2025 | 4982 | 4982 | 5003 |
| &nbsp;&nbsp;&nbsp; 770895, 24.440%, 3/16/2026 †x | BlueVine | 9/17/2025 | 1217 | 1217 | 1219 |
| &nbsp;&nbsp;&nbsp; 770897, 23.400%, 3/16/2026 †x | BlueVine | 9/17/2025 | 607 | 607 | 608 |
| &nbsp;&nbsp;&nbsp; 770898, 37.440%, 3/16/2026 †x | BlueVine | 9/17/2025 | 2013 | 2013 | 2016 |
| &nbsp;&nbsp;&nbsp; 770899, 23.400%, 3/16/2026 †x | BlueVine | 9/17/2025 | 2429 | 2429 | 2436 |
| &nbsp;&nbsp;&nbsp; 770906, 46.800%, 6/09/2026 †x | BlueVine | 9/17/2025 | 2097 | 2119 | 2128 |
| &nbsp;&nbsp;&nbsp; 770956, 66.040%, 3/17/2026 †x | BlueVine | 9/18/2025 | 963 | 963 | 968 |
| &nbsp;&nbsp;&nbsp; 770962, 29.120%, 3/17/2026 †x | BlueVine | 9/18/2025 | 2213 | 2213 | 2223 |
| &nbsp;&nbsp;&nbsp; 770971, 33.720%, 9/14/2026 †x# | BlueVine | 9/18/2025 | 14291 | 14559 | 14494 |
| &nbsp;&nbsp;&nbsp; 770974, 57.720%, 3/17/2026 †x | BlueVine | 9/18/2025 | 1269 | 1269 | 1276 |
| &nbsp;&nbsp;&nbsp; 770982, 75.920%, 3/17/2026 †x | BlueVine | 9/18/2025 | 1084 | 1084 | 1090 |
| &nbsp;&nbsp;&nbsp; 770985, 32.760%, 3/17/2026 †x | BlueVine | 9/18/2025 | 3717 | 3717 | 3740 |
| &nbsp;&nbsp;&nbsp; 770986, 26.000%, 3/17/2026 †x | BlueVine | 9/18/2025 | 1221 | 1221 | 1228 |
| &nbsp;&nbsp;&nbsp; 770988, 63.440%, 3/17/2026 †x | BlueVine | 9/18/2025 | 661 | 661 | 664 |
| &nbsp;&nbsp;&nbsp; 770990, 47.840%, 3/17/2026 †x | BlueVine | 9/18/2025 | 1279 | 1279 | 1286 |
| &nbsp;&nbsp;&nbsp; 771002, 30.396%, 9/08/2026 †x | BlueVine | 9/18/2025 | 27875 | 28390 | 28235 |
| &nbsp;&nbsp;&nbsp; 771007, 23.400%, 3/17/2026 †x | BlueVine | 9/18/2025 | 4857 | 4857 | 4883 |
| &nbsp;&nbsp;&nbsp; 771016, 48.360%, 3/17/2026 †x | BlueVine | 9/18/2025 | 256 | 256 | 257 |
| &nbsp;&nbsp;&nbsp; 771027, 11.440%, 3/17/2026 †x | BlueVine | 9/18/2025 | 1183 | 1202 | 1189 |
| &nbsp;&nbsp;&nbsp; 771034, 67.392%, 3/17/2026 †x | BlueVine | 9/18/2025 | 1332 | 1332 | 1339 |
| &nbsp;&nbsp;&nbsp; 771040, 26.000%, 3/17/2026 †x | BlueVine | 9/18/2025 | 538 | 538 | 538 |
| &nbsp;&nbsp;&nbsp; 771051, 30.680%, 3/17/2026 †x | BlueVine | 9/18/2025 | 123 | 123 | 124 |
| &nbsp;&nbsp;&nbsp; 771054, 66.560%, 3/17/2026 †x | BlueVine | 9/18/2025 | 399 | 399 | 401 |
| &nbsp;&nbsp;&nbsp; 771059, 46.800%, 3/17/2026 †x | BlueVine | 9/18/2025 | 1276 | 1276 | 1283 |
| &nbsp;&nbsp;&nbsp; 771060, 72.072%, 3/18/2026 †x | BlueVine | 9/19/2025 | 890 | 890 | 895 |
| &nbsp;&nbsp;&nbsp; 771066, 54.600%, 7/02/2026 †x# | BlueVine | 9/24/2025 | 18719 | 19073 | 18647 |
| &nbsp;&nbsp;&nbsp; 771068, 41.080%, 3/24/2026 †x | BlueVine | 9/18/2025 | 3517 | 3517 | 3541 |
| &nbsp;&nbsp;&nbsp; 771075, 26.208%, 3/17/2026 †x | BlueVine | 9/18/2025 | 550 | 550 | 553 |
| &nbsp;&nbsp;&nbsp; 771078, 29.120%, 3/18/2026 †x | BlueVine | 9/19/2025 | 413 | 413 | 415 |
| &nbsp;&nbsp;&nbsp; 771097, 46.800%, 3/11/2026 †x | BlueVine | 9/19/2025 | 2190 | 2190 | 2193 |
| &nbsp;&nbsp;&nbsp; 771100, 44.720%, 3/18/2026 †x | BlueVine | 9/19/2025 | 532 | 532 | 535 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6345** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 771104, 41.080%, 3/18/2026 †x | BlueVine | 9/19/2025 | $1089 | $1089 | $1096 |
| &nbsp;&nbsp;&nbsp; 771119, 30.720%, 9/08/2026 †x | BlueVine | 9/19/2025 | 3099 | 3156 | 3128 |
| &nbsp;&nbsp;&nbsp; 771129, 20.640%, 9/03/2026 †x | BlueVine | 9/19/2025 | 6384 | 6499 | 6467 |
| &nbsp;&nbsp;&nbsp; 771138, 23.400%, 3/18/2026 †x | BlueVine | 9/19/2025 | 3895 | 3895 | 3922 |
| &nbsp;&nbsp;&nbsp; 771154, 28.644%, 8/28/2026 †x# | BlueVine | 9/19/2025 | 6174 | 6285 | 6225 |
| &nbsp;&nbsp;&nbsp; 771162, 57.720%, 3/19/2026 †x | BlueVine | 9/22/2025 | 433 | 433 | 436 |
| &nbsp;&nbsp;&nbsp; 771173, 24.440%, 3/18/2026 †x | BlueVine | 9/22/2025 | 1457 | 1457 | 1467 |
| &nbsp;&nbsp;&nbsp; 771179, 57.240%, 9/21/2026 †x# | BlueVine | 9/22/2025 | 25993 | 26519 | 26589 |
| &nbsp;&nbsp;&nbsp; 771181, 44.720%, 3/19/2026 †x | BlueVine | 9/22/2025 | 356 | 356 | 358 |
| &nbsp;&nbsp;&nbsp; 771186, 62.400%, 3/19/2026 †x | BlueVine | 9/22/2025 | 6989 | 6989 | 7045 |
| &nbsp;&nbsp;&nbsp; 771194, 37.440%, 3/19/2026 †x | BlueVine | 9/22/2025 | 499 | 499 | 503 |
| &nbsp;&nbsp;&nbsp; 771197, 47.840%, 3/19/2026 †x | BlueVine | 9/22/2025 | 679 | 679 | 684 |
| &nbsp;&nbsp;&nbsp; 771199, 20.800%, 3/19/2026 †x | BlueVine | 9/22/2025 | 3935 | 3935 | 3965 |
| &nbsp;&nbsp;&nbsp; 771201, 57.200%, 3/19/2026 †x | BlueVine | 9/22/2025 | 5556 | 5556 | 5572 |
| &nbsp;&nbsp;&nbsp; 771203, 47.840%, 3/19/2026 †x | BlueVine | 9/22/2025 | 3600 | 3600 | 3628 |
| &nbsp;&nbsp;&nbsp; 771218, 26.000%, 3/19/2026 †x | BlueVine | 9/22/2025 | 6496 | 6496 | 6549 |
| &nbsp;&nbsp;&nbsp; 771231, 35.640%, 9/18/2026 †x# | BlueVine | 9/22/2025 | 68804 | 70132 | 70172 |
| &nbsp;&nbsp;&nbsp; 771240, 34.944%, 3/19/2026 †x | BlueVine | 9/22/2025 | 496 | 496 | 500 |
| &nbsp;&nbsp;&nbsp; 771244, 77.480%, 3/19/2026 †x | BlueVine | 9/22/2025 | 2159 | 2159 | 2176 |
| &nbsp;&nbsp;&nbsp; 771254, 52.000%, 3/20/2026 †x | BlueVine | 9/23/2025 | 1051 | 1051 | 1047 |
| &nbsp;&nbsp;&nbsp; 771279, 26.640%, 9/01/2026 †x | BlueVine | 9/23/2025 | 44272 | 45079 | 44759 |
| &nbsp;&nbsp;&nbsp; 771283, 40.664%, 3/20/2026 †x# | BlueVine | 9/23/2025 | 21012 | 21695 | 7678 |
| &nbsp;&nbsp;&nbsp; 771285, 24.480%, 9/14/2026 †x# | BlueVine | 9/23/2025 | 3417 | 3482 | 3470 |
| &nbsp;&nbsp;&nbsp; 771291, 58.240%, 3/20/2026 †x | BlueVine | 9/23/2025 | 208 | 208 | 209 |
| &nbsp;&nbsp;&nbsp; 771294, 28.800%, 9/14/2026 †x# | BlueVine | 9/23/2025 | 6176 | 6293 | 6287 |
| &nbsp;&nbsp;&nbsp; 771302, 22.200%, 9/08/2026 †x | BlueVine | 9/23/2025 | 12198 | 12422 | 12395 |
| &nbsp;&nbsp;&nbsp; 771311, 56.160%, 3/27/2026 †x# | BlueVine | 9/23/2025 | 47410 | 48951 | 12343 |
| &nbsp;&nbsp;&nbsp; 771343, 63.960%, 4/28/2026 †x# | BlueVine | 9/24/2025 | 29779 | 30747 | 10244 |
| &nbsp;&nbsp;&nbsp; 771351, 47.520%, 9/08/2026 †x | BlueVine | 9/24/2025 | 9585 | 9770 | 9642 |
| &nbsp;&nbsp;&nbsp; 771374, 58.320%, 9/14/2026 †x# | BlueVine | 9/24/2025 | 77563 | 79090 | 78505 |
| &nbsp;&nbsp;&nbsp; 771392, 57.720%, 3/23/2026 †x | BlueVine | 9/24/2025 | 12985 | 12985 | 13040 |
| &nbsp;&nbsp;&nbsp; 771396, 32.760%, 9/23/2026 †x | BlueVine | 9/24/2025 | 4364 | 4449 | 4459 |
| &nbsp;&nbsp;&nbsp; 771401, 19.488%, 9/22/2026 †x | BlueVine | 9/24/2025 | 24267 | 24728 | 24841 |
| &nbsp;&nbsp;&nbsp; 771454, 26.000%, 3/24/2026 †x | BlueVine | 9/25/2025 | 4872 | 4872 | 4911 |
| &nbsp;&nbsp;&nbsp; 771455, 22.920%, 9/08/2026 †x# | BlueVine | 9/25/2025 | 24429 | 24881 | 24748 |
| &nbsp;&nbsp;&nbsp; 771458, 82.160%, 4/01/2026 †x# | BlueVine | 9/25/2025 | 3618 | 3736 | 1018 |
| &nbsp;&nbsp;&nbsp; 771460, 35.640%, 9/28/2026 †x# | BlueVine | 9/25/2025 | 10229 | 10432 | 10247 |
| &nbsp;&nbsp;&nbsp; 771463, 31.440%, 9/14/2026 †x# | BlueVine | 9/25/2025 | 24205 | 24667 | 24553 |
| &nbsp;&nbsp;&nbsp; 771464, 30.360%, 9/17/2026 †x | BlueVine | 9/25/2025 | 52649 | 53659 | 53648 |
| &nbsp;&nbsp;&nbsp; 771484, 29.280%, 9/21/2026 †x | BlueVine | 9/25/2025 | 6181 | 6301 | 6312 |
| &nbsp;&nbsp;&nbsp; 771490, 39.120%, 9/14/2026 †x | BlueVine | 9/25/2025 | 34621 | 35291 | 35187 |
| &nbsp;&nbsp;&nbsp; 771491, 20.800%, 3/24/2026 †x | BlueVine | 9/25/2025 | 2437 | 2437 | 2438 |
| &nbsp;&nbsp;&nbsp; 771541, 21.320%, 3/25/2026 †x# | BlueVine | 9/26/2025 | 12040 | 12040 | 12137 |
| &nbsp;&nbsp;&nbsp; 771548, 20.640%, 9/23/2026 †x | BlueVine | 9/26/2025 | 121608 | 123938 | 124430 |
| &nbsp;&nbsp;&nbsp; 771555, 66.040%, 3/25/2026 †x# | BlueVine | 9/26/2025 | 10931 | 10931 | 11019 |
| &nbsp;&nbsp;&nbsp; 771568, 41.080%, 3/25/2026 †x# | BlueVine | 9/26/2025 | 2085 | 2085 | 2102 |
| &nbsp;&nbsp;&nbsp; 771585, 31.200%, 4/01/2026 †x# | BlueVine | 9/26/2025 | 1339 | 1346 | 1345 |
| &nbsp;&nbsp;&nbsp; 771622, 57.720%, 3/26/2026 †x# | BlueVine | 9/30/2025 | 2737 | 2752 | 2758 |
| &nbsp;&nbsp;&nbsp; 771675, 66.560%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 8753 | 8753 | 8837 |
| &nbsp;&nbsp;&nbsp; 771682, 46.800%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 5270 | 5270 | 5321 |
| &nbsp;&nbsp;&nbsp; 771685, 72.800%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 1107 | 1107 | 1118 |
| &nbsp;&nbsp;&nbsp; 771688, 43.056%, 4/02/2026 †x# | BlueVine | 9/29/2025 | 750 | 755 | 757 |
| &nbsp;&nbsp;&nbsp; 771690, 46.800%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 2108 | 2108 | 2129 |
| &nbsp;&nbsp;&nbsp; 771695, 58.760%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 1083 | 1083 | 1094 |
| &nbsp;&nbsp;&nbsp; 771698, 44.720%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 315 | 315 | 318 |
| &nbsp;&nbsp;&nbsp; 771702, 66.560%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 6565 | 6565 | 6628 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6346** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 771710, 85.800%, 3/26/2026 †x# | BlueVine | 9/29/2025 | $3174 | $3174 | $3205 |
| &nbsp;&nbsp;&nbsp; 771723, 27.960%, 9/21/2026 †x | BlueVine | 9/29/2025 | 36505 | 37217 | 37348 |
| &nbsp;&nbsp;&nbsp; 771726, 67.392%, 3/26/2026 †x# | BlueVine | 9/29/2025 | 2192 | 2192 | 2213 |
| &nbsp;&nbsp;&nbsp; 771764, 26.640%, 9/04/2026 †x# | BlueVine | 9/30/2025 | 28293 | 28823 | 28622 |
| &nbsp;&nbsp;&nbsp; 771780, 36.920%, 3/27/2026 †x# | BlueVine | 9/30/2025 | 1203 | 1203 | 1205 |
| &nbsp;&nbsp;&nbsp; 771781, 47.840%, 3/27/2026 †x# | BlueVine | 9/30/2025 | 2776 | 2776 | 2801 |
| &nbsp;&nbsp;&nbsp; 771792, 37.440%, 3/27/2026 †x# | BlueVine | 9/30/2025 | 414 | 414 | 416 |
| &nbsp;&nbsp;&nbsp; 771793, 26.000%, 3/27/2026 †x# | BlueVine | 9/30/2025 | 10126 | 10126 | 10178 |
| &nbsp;&nbsp;&nbsp; 771798, 52.520%, 3/27/2026 †x# | BlueVine | 9/30/2025 | 2344 | 2344 | 2351 |
| &nbsp;&nbsp;&nbsp; 771801, 30.680%, 3/27/2026 †x# | BlueVine | 9/30/2025 | 3474 | 3474 | 3487 |
| &nbsp;&nbsp;&nbsp; 771808, 84.760%, 3/27/2026 †x# | BlueVine | 9/30/2025 | 1358 | 1358 | 1356 |
| &nbsp;&nbsp;&nbsp; 771824, 31.440%, 9/14/2026 †x# | BlueVine | 9/30/2025 | 3103 | 3163 | 3153 |
| &nbsp;&nbsp;&nbsp; 771830, 20.040%, 12/21/2026 †x# | BlueVine | 9/30/2025 | 120317 | 124227 | 124017 |
| &nbsp;&nbsp;&nbsp; 771831, 23.160%, 9/11/2026 †x# | BlueVine | 9/30/2025 | 12220 | 12451 | 12398 |
| &nbsp;&nbsp;&nbsp; 771866, 56.160%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 8584 | 8584 | 8635 |
| &nbsp;&nbsp;&nbsp; 771880, 44.720%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 630 | 630 | 634 |
| &nbsp;&nbsp;&nbsp; 771881, 45.760%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 1683 | 1683 | 1692 |
| &nbsp;&nbsp;&nbsp; 771890, 30.680%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 1022 | 1022 | 1027 |
| &nbsp;&nbsp;&nbsp; 771905, 23.160%, 9/28/2026 †x# | BlueVine | 10/01/2025 | 20754 | 21163 | 21001 |
| &nbsp;&nbsp;&nbsp; 771920, 66.040%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 16396 | 16396 | 16493 |
| &nbsp;&nbsp;&nbsp; 771922, 24.440%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 1009 | 1009 | 1016 |
| &nbsp;&nbsp;&nbsp; 771932, 78.000%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 5588 | 5588 | 5622 |
| &nbsp;&nbsp;&nbsp; 771936, 78.000%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 4470 | 4470 | 4492 |
| &nbsp;&nbsp;&nbsp; 771942, 25.560%, 9/23/2026 †x | BlueVine | 10/01/2025 | 12276 | 12517 | 12551 |
| &nbsp;&nbsp;&nbsp; 771944, 32.040%, 9/22/2026 †x | BlueVine | 10/01/2025 | 6213 | 6336 | 6345 |
| &nbsp;&nbsp;&nbsp; 771948, 22.360%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 12064 | 12064 | 12138 |
| &nbsp;&nbsp;&nbsp; 771953, 31.200%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 5114 | 5114 | 5146 |
| &nbsp;&nbsp;&nbsp; 771967, 37.440%, 3/30/2026 †x# | BlueVine | 10/01/2025 | 518 | 518 | 521 |
| &nbsp;&nbsp;&nbsp; 772006, 22.200%, 9/18/2026 †x# | BlueVine | 10/02/2025 | 6580 | 6706 | 6669 |
| &nbsp;&nbsp;&nbsp; 772025, 37.440%, 3/31/2026 †x# | BlueVine | 10/02/2025 | 1242 | 1249 | 1249 |
| &nbsp;&nbsp;&nbsp; 772038, 27.040%, 3/31/2026 †x# | BlueVine | 10/02/2025 | 16234 | 16323 | 16325 |
| &nbsp;&nbsp;&nbsp; 772042, 26.000%, 3/31/2026 †x# | BlueVine | 10/02/2025 | 608 | 611 | 611 |
| &nbsp;&nbsp;&nbsp; 772052, 22.200%, 10/05/2026 †x | BlueVine | 10/02/2025 | 103618 | 105729 | 105483 |
| &nbsp;&nbsp;&nbsp; 772053, 24.480%, 9/28/2026 †x# | BlueVine | 10/02/2025 | 21836 | 22268 | 22201 |
| &nbsp;&nbsp;&nbsp; 772073, 63.440%, 4/07/2026 †x# | BlueVine | 10/02/2025 | 8267 | 8535 | 2983 |
| &nbsp;&nbsp;&nbsp; 772154, 14.880%, 9/14/2026 †x# | BlueVine | 10/03/2025 | 18037 | 18378 | 18383 |
| &nbsp;&nbsp;&nbsp; 772171, 30.680%, 4/01/2026 †x# | BlueVine | 10/03/2025 | 349 | 351 | 352 |
| &nbsp;&nbsp;&nbsp; 772180, 35.880%, 4/01/2026 †x# | BlueVine | 10/03/2025 | 29899 | 30076 | 30077 |
| &nbsp;&nbsp;&nbsp; 772197, 29.120%, 4/01/2026 †x# | BlueVine | 10/03/2025 | 488 | 490 | 492 |
| &nbsp;&nbsp;&nbsp; 772198, 33.228%, 4/08/2026 †x# | BlueVine | 10/03/2025 | 7143 | 7193 | 7220 |
| &nbsp;&nbsp;&nbsp; 772207, 46.800%, 4/10/2026 †x# | BlueVine | 10/08/2025 | 1165 | 1174 | 1177 |
| &nbsp;&nbsp;&nbsp; 772213, 22.920%, 10/01/2026 †x# | BlueVine | 10/03/2025 | 138310 | 141062 | 140570 |
| &nbsp;&nbsp;&nbsp; 772215, 56.160%, 4/15/2026 †x# | BlueVine | 10/03/2025 | 8650 | 8931 | 2803 |
| &nbsp;&nbsp;&nbsp; 772266, 37.200%, 10/01/2026 †x# | BlueVine | 10/06/2025 | 52983 | 54072 | 53880 |
| &nbsp;&nbsp;&nbsp; 772269, 29.120%, 4/02/2026 †x# | BlueVine | 10/06/2025 | 9753 | 9812 | 9848 |
| &nbsp;&nbsp;&nbsp; 772275, 37.200%, 9/18/2026 †x# | BlueVine | 10/06/2025 | 5630 | 5740 | 5727 |
| &nbsp;&nbsp;&nbsp; 772295, 36.920%, 4/02/2026 †x# | BlueVine | 10/06/2025 | 1054 | 1061 | 1062 |
| &nbsp;&nbsp;&nbsp; 772297, 29.120%, 4/02/2026 †x# | BlueVine | 10/06/2025 | 6096 | 6133 | 6155 |
| &nbsp;&nbsp;&nbsp; 772306, 18.408%, 4/02/2026 †x# | BlueVine | 10/06/2025 | 10755 | 10819 | 10840 |
| &nbsp;&nbsp;&nbsp; 772308, 73.320%, 4/02/2026 †x# | BlueVine | 10/06/2025 | 10125 | 10192 | 10237 |
| &nbsp;&nbsp;&nbsp; 772309, 26.640%, 9/09/2026 †x | BlueVine | 10/06/2025 | 18452 | 18808 | 18684 |
| &nbsp;&nbsp;&nbsp; 772384, 29.280%, 10/05/2026 †x | BlueVine | 10/07/2025 | 17456 | 17823 | 17696 |
| &nbsp;&nbsp;&nbsp; 772397, 30.680%, 4/03/2026 †x# | BlueVine | 10/07/2025 | 12226 | 12303 | 12252 |
| &nbsp;&nbsp;&nbsp; 772413, 58.760%, 4/03/2026 †x# | BlueVine | 10/07/2025 | 14154 | 14248 | 14162 |
| &nbsp;&nbsp;&nbsp; 772423, 34.080%, 10/09/2026 †x# | BlueVine | 10/07/2025 | 15471 | 15793 | 15710 |
| &nbsp;&nbsp;&nbsp; 772444, 38.064%, 4/03/2026 †x# | BlueVine | 10/07/2025 | 1983 | 1996 | 1985 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6347** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 772454, 84.240%, 4/03/2026 †x# | BlueVine | 10/07/2025 | $673 | $678 | $671 |
| &nbsp;&nbsp;&nbsp; 772460, 28.600%, 4/10/2026 †x# | BlueVine | 10/07/2025 | 1326 | 1369 | 336 |
| &nbsp;&nbsp;&nbsp; 772462, 37.440%, 4/02/2026 †x# | BlueVine | 10/07/2025 | 248 | 250 | 250 |
| &nbsp;&nbsp;&nbsp; 772472, 73.320%, 4/03/2026 †x# | BlueVine | 10/07/2025 | 19805 | 19941 | 19751 |
| &nbsp;&nbsp;&nbsp; 772476, 23.160%, 9/28/2026 †x# | BlueVine | 10/08/2025 | 20754 | 21170 | 21091 |
| &nbsp;&nbsp;&nbsp; 772479, 56.160%, 4/06/2026 †x# | BlueVine | 10/08/2025 | 5891 | 5933 | 5916 |
| &nbsp;&nbsp;&nbsp; 772502, 23.400%, 4/06/2026 †x# | BlueVine | 10/08/2025 | 3619 | 3643 | 3626 |
| &nbsp;&nbsp;&nbsp; 772519, 39.960%, 9/15/2026 †x | BlueVine | 10/08/2025 | 94565 | 96458 | 95600 |
| &nbsp;&nbsp;&nbsp; 772527, 58.760%, 4/06/2026 †x# | BlueVine | 10/08/2025 | 2573 | 2592 | 2582 |
| &nbsp;&nbsp;&nbsp; 772530, 56.160%, 4/06/2026 †x# | BlueVine | 10/08/2025 | 17330 | 17893 | 4963 |
| &nbsp;&nbsp;&nbsp; 772533, 32.184%, 10/01/2026 †x# | BlueVine | 10/08/2025 | 36817 | 37569 | 37195 |
| &nbsp;&nbsp;&nbsp; 772535, 20.628%, 9/28/2026 †x# | BlueVine | 10/08/2025 | 6478 | 6607 | 6575 |
| &nbsp;&nbsp;&nbsp; 772541, 30.680%, 4/06/2026 †x# | BlueVine | 10/08/2025 | 6113 | 6155 | 6138 |
| &nbsp;&nbsp;&nbsp; 772610, 32.280%, 10/06/2026 †x | BlueVine | 10/09/2025 | 36102 | 36850 | 36582 |
| &nbsp;&nbsp;&nbsp; 772623, 36.920%, 4/07/2026 †x | BlueVine | 10/09/2025 | 17315 | 17437 | 17489 |
| &nbsp;&nbsp;&nbsp; 772625, 30.680%, 4/07/2026 †x | BlueVine | 10/09/2025 | 2934 | 2955 | 2958 |
| &nbsp;&nbsp;&nbsp; 772644, 29.280%, 9/28/2026 †x# | BlueVine | 10/09/2025 | 69824 | 71240 | 71586 |
| &nbsp;&nbsp;&nbsp; 772645, 22.464%, 9/15/2026 †x | BlueVine | 10/09/2025 | 42713 | 43547 | 43476 |
| &nbsp;&nbsp;&nbsp; 772660, 26.000%, 4/07/2026 †x | BlueVine | 10/09/2025 | 727 | 732 | 734 |
| &nbsp;&nbsp;&nbsp; 772665, 28.800%, 10/13/2026 †x | BlueVine | 10/09/2025 | 6977 | 7124 | 7130 |
| &nbsp;&nbsp;&nbsp; 772668, 46.800%, 4/07/2026 †x | BlueVine | 10/09/2025 | 1259 | 1268 | 1267 |
| &nbsp;&nbsp;&nbsp; 772728, 18.720%, 9/28/2026 †x# | BlueVine | 10/10/2025 | 16504 | 16833 | 16788 |
| &nbsp;&nbsp;&nbsp; 772730, 29.280%, 10/05/2026 †x | BlueVine | 10/10/2025 | 69824 | 71301 | 70703 |
| &nbsp;&nbsp;&nbsp; 772732, 35.880%, 4/08/2026 †x# | BlueVine | 10/10/2025 | 2531 | 2549 | 2553 |
| &nbsp;&nbsp;&nbsp; 772737, 14.040%, 4/08/2026 †x# | BlueVine | 10/10/2025 | 1636 | 1647 | 1650 |
| &nbsp;&nbsp;&nbsp; 772740, 56.160%, 4/15/2026 †x# | BlueVine | 10/10/2025 | 5356 | 5530 | 1818 |
| &nbsp;&nbsp;&nbsp; 772743, 56.160%, 9/11/2026 †x# | BlueVine | 10/10/2025 | 13371 | 13806 | 6935 |
| &nbsp;&nbsp;&nbsp; 772748, 29.120%, 4/08/2026 †x# | BlueVine | 10/10/2025 | 1560 | 1571 | 1574 |
| &nbsp;&nbsp;&nbsp; 772755, 80.080%, 4/08/2026 †x# | BlueVine | 10/10/2025 | 2232 | 2250 | 2249 |
| &nbsp;&nbsp;&nbsp; 772756, 36.920%, 4/08/2026 †x# | BlueVine | 10/10/2025 | 4314 | 4345 | 4360 |
| &nbsp;&nbsp;&nbsp; 772757, 58.760%, 4/08/2026 †x# | BlueVine | 10/10/2025 | 3708 | 3736 | 3741 |
| &nbsp;&nbsp;&nbsp; 772762, 66.040%, 4/08/2026 †x# | BlueVine | 10/10/2025 | 2116 | 2132 | 2135 |
| &nbsp;&nbsp;&nbsp; 772801, 24.440%, 4/09/2026 †x# | BlueVine | 10/14/2025 | 1688 | 1700 | 1706 |
| &nbsp;&nbsp;&nbsp; 772821, 25.440%, 9/21/2026 †x | BlueVine | 10/14/2025 | 15342 | 15651 | 15671 |
| &nbsp;&nbsp;&nbsp; 772822, 35.640%, 10/05/2026 †x | BlueVine | 10/14/2025 | 7048 | 7202 | 7170 |
| &nbsp;&nbsp;&nbsp; 772831, 57.720%, 4/09/2026 †x# | BlueVine | 10/14/2025 | 1570 | 1582 | 1588 |
| &nbsp;&nbsp;&nbsp; 772835, 46.800%, 4/09/2026 †x# | BlueVine | 10/14/2025 | 293 | 295 | 296 |
| &nbsp;&nbsp;&nbsp; 772836, 30.000%, 10/06/2026 †x | BlueVine | 10/14/2025 | 13858 | 14147 | 14042 |
| &nbsp;&nbsp;&nbsp; 772840, 23.160%, 10/05/2026 †x | BlueVine | 10/14/2025 | 11761 | 12003 | 11960 |
| &nbsp;&nbsp;&nbsp; 772843, 36.920%, 4/09/2026 †x# | BlueVine | 10/14/2025 | 1150 | 1159 | 1163 |
| &nbsp;&nbsp;&nbsp; 772846, 38.480%, 4/09/2026 †x# | BlueVine | 10/14/2025 | 865 | 872 | 874 |
| &nbsp;&nbsp;&nbsp; 772849, 29.280%, 10/09/2026 †x# | BlueVine | 10/14/2025 | 17456 | 17822 | 17752 |
| &nbsp;&nbsp;&nbsp; 772854, 51.480%, 4/09/2026 †x# | BlueVine | 10/14/2025 | 1180 | 1189 | 1193 |
| &nbsp;&nbsp;&nbsp; 772858, 43.920%, 10/09/2026 †x# | BlueVine | 10/14/2025 | 157775 | 161170 | 73419 |
| &nbsp;&nbsp;&nbsp; 772859, 25.440%, 10/07/2026 †x | BlueVine | 10/16/2025 | 31240 | 31891 | 31820 |
| &nbsp;&nbsp;&nbsp; 772927, 43.056%, 4/10/2026 †x# | BlueVine | 10/15/2025 | 18999 | 19148 | 19091 |
| &nbsp;&nbsp;&nbsp; 772945, 70.200%, 4/10/2026 †x# | BlueVine | 10/15/2025 | 3176 | 3205 | 3187 |
| &nbsp;&nbsp;&nbsp; 772950, 45.760%, 4/10/2026 †x# | BlueVine | 10/15/2025 | 5840 | 5886 | 5882 |
| &nbsp;&nbsp;&nbsp; 772962, 24.804%, 4/10/2026 †x# | BlueVine | 10/15/2025 | 1042 | 1050 | 1050 |
| &nbsp;&nbsp;&nbsp; 772965, 51.480%, 9/28/2026 †x# | BlueVine | 10/15/2025 | 10092 | 10307 | 10316 |
| &nbsp;&nbsp;&nbsp; 772970, 26.208%, 4/10/2026 †x# | BlueVine | 10/15/2025 | 9859 | 9934 | 9911 |
| &nbsp;&nbsp;&nbsp; 772971, 26.640%, 10/08/2026 †x# | BlueVine | 10/15/2025 | 22385 | 22852 | 22842 |
| &nbsp;&nbsp;&nbsp; 772974, 78.000%, 4/10/2026 †x# | BlueVine | 10/15/2025 | 2171 | 2189 | 2173 |
| &nbsp;&nbsp;&nbsp; 772986, 30.360%, 10/08/2026 †x# | BlueVine | 10/15/2025 | 17484 | 17852 | 17759 |
| &nbsp;&nbsp;&nbsp; 772990, 80.080%, 4/14/2026 †x# | BlueVine | 10/15/2025 | 3013 | 3046 | 2164 |
| &nbsp;&nbsp;&nbsp; 773008, 35.880%, 4/10/2026 †x# | BlueVine | 10/15/2025 | 14353 | 14464 | 14425 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6348** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 773012, 74.880%, 4/10/2026 †x# | BlueVine | 10/15/2025 | $2766 | $2792 | $2776 |
| &nbsp;&nbsp;&nbsp; 773027, 40.920%, 10/05/2026 †x | BlueVine | 10/15/2025 | 71025 | 72535 | 71669 |
| &nbsp;&nbsp;&nbsp; 773064, 24.960%, 9/28/2026 †x# | BlueVine | 10/16/2025 | 1734 | 1770 | 1753 |
| &nbsp;&nbsp;&nbsp; 773065, 20.640%, 10/05/2026 †x | BlueVine | 10/16/2025 | 5911 | 6035 | 5985 |
| &nbsp;&nbsp;&nbsp; 773085, 29.120%, 4/14/2026 †x | BlueVine | 10/16/2025 | 16453 | 16589 | 16660 |
| &nbsp;&nbsp;&nbsp; 773107, 45.000%, 10/15/2026 †x | BlueVine | 10/16/2025 | 42863 | 43799 | 43733 |
| &nbsp;&nbsp;&nbsp; 773113, 52.000%, 4/14/2026 †x | BlueVine | 10/16/2025 | 2214 | 2233 | 2239 |
| &nbsp;&nbsp;&nbsp; 773115, 24.120%, 10/15/2026 †x | BlueVine | 10/16/2025 | 17099 | 17460 | 17491 |
| &nbsp;&nbsp;&nbsp; 773119, 80.080%, 4/14/2026 †x | BlueVine | 10/16/2025 | 2011 | 2029 | 2035 |
| &nbsp;&nbsp;&nbsp; 773139, 22.920%, 10/07/2026 †x | BlueVine | 10/16/2025 | 27662 | 28236 | 28185 |
| &nbsp;&nbsp;&nbsp; 773278, 22.128%, 9/25/2026 †x# | BlueVine | 10/17/2025 | 11051 | 11276 | 11367 |
| &nbsp;&nbsp;&nbsp; 773284, 23.400%, 4/21/2026 †x | BlueVine | 10/23/2025 | 320 | 323 | 325 |
| &nbsp;&nbsp;&nbsp; 773296, 55.120%, 4/22/2026 †x# | BlueVine | 10/17/2025 | 7571 | 7817 | 2296 |
| &nbsp;&nbsp;&nbsp; 773304, 47.840%, 4/15/2026 †x# | BlueVine | 10/17/2025 | 9529 | 9612 | 9649 |
| &nbsp;&nbsp;&nbsp; 773307, 44.720%, 9/02/2026 †x# | BlueVine | 10/17/2025 | 12335 | 12584 | 12487 |
| &nbsp;&nbsp;&nbsp; 773309, 29.280%, 10/05/2026 †x | BlueVine | 10/17/2025 | 17456 | 17832 | 17668 |
| &nbsp;&nbsp;&nbsp; 773320, 49.400%, 4/15/2026 †x# | BlueVine | 10/17/2025 | 1838 | 1855 | 1862 |
| &nbsp;&nbsp;&nbsp; 773324, 36.960%, 10/15/2026 †x | BlueVine | 10/17/2025 | 134178 | 137077 | 137336 |
| &nbsp;&nbsp;&nbsp; 773325, 72.072%, 4/08/2026 †x# | BlueVine | 10/17/2025 | 4587 | 4638 | 4612 |
| &nbsp;&nbsp;&nbsp; 773326, 27.040%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 483 | 487 | 490 |
| &nbsp;&nbsp;&nbsp; 773338, 14.040%, 4/15/2026 †x# | BlueVine | 10/17/2025 | 4728 | 4767 | 4791 |
| &nbsp;&nbsp;&nbsp; 773351, 37.440%, 4/15/2026 †x# | BlueVine | 10/17/2025 | 5245 | 5290 | 5310 |
| &nbsp;&nbsp;&nbsp; 773370, 58.240%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 1695 | 1711 | 1720 |
| &nbsp;&nbsp;&nbsp; 773415, 36.920%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 24563 | 24780 | 24925 |
| &nbsp;&nbsp;&nbsp; 773419, 35.880%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 32694 | 32983 | 33161 |
| &nbsp;&nbsp;&nbsp; 773428, 26.640%, 9/23/2026 †x | BlueVine | 10/20/2025 | 7996 | 8161 | 8183 |
| &nbsp;&nbsp;&nbsp; 773442, 63.440%, 4/29/2026 †x# | BlueVine | 10/20/2025 | 1663 | 1717 | 481 |
| &nbsp;&nbsp;&nbsp; 773443, 47.840%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 523 | 527 | 530 |
| &nbsp;&nbsp;&nbsp; 773461, 78.520%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 26259 | 26508 | 26645 |
| &nbsp;&nbsp;&nbsp; 773465, 30.000%, 10/22/2026 †x# | BlueVine | 10/20/2025 | 34950 | 35712 | 35957 |
| &nbsp;&nbsp;&nbsp; 773521, 41.760%, 10/09/2026 †x# | BlueVine | 10/21/2025 | 35555 | 36326 | 36160 |
| &nbsp;&nbsp;&nbsp; 773523, 23.160%, 10/13/2026 †x# | BlueVine | 10/21/2025 | 20754 | 21195 | 21113 |
| &nbsp;&nbsp;&nbsp; 773524, 29.120%, 4/17/2026 †x# | BlueVine | 10/21/2025 | 4849 | 4893 | 4898 |
| &nbsp;&nbsp;&nbsp; 773525, 20.640%, 10/16/2026 †x | BlueVine | 10/21/2025 | 58576 | 59823 | 59958 |
| &nbsp;&nbsp;&nbsp; 773534, 47.520%, 10/07/2026 †x | BlueVine | 10/21/2025 | 21507 | 21975 | 21754 |
| &nbsp;&nbsp;&nbsp; 773547, 20.628%, 8/14/2026 †x# | BlueVine | 10/21/2025 | 25272 | 25804 | 25616 |
| &nbsp;&nbsp;&nbsp; 773548, 41.080%, 4/17/2026 †x# | BlueVine | 10/21/2025 | 14090 | 14218 | 14180 |
| &nbsp;&nbsp;&nbsp; 773662, 29.280%, 10/05/2026 †x# | BlueVine | 10/22/2025 | 53178 | 54298 | 53804 |
| &nbsp;&nbsp;&nbsp; 773684, 74.880%, 4/21/2026 †x | BlueVine | 10/23/2025 | 569 | 575 | 576 |
| &nbsp;&nbsp;&nbsp; 773705, 28.756%, 4/21/2026 †x | BlueVine | 10/23/2025 | 6462 | 6524 | 6547 |
| &nbsp;&nbsp;&nbsp; 773714, 67.392%, 4/21/2026 †x | BlueVine | 10/23/2025 | 1376 | 1390 | 1394 |
| &nbsp;&nbsp;&nbsp; 773724, 77.480%, 4/20/2026 †x | BlueVine | 10/23/2025 | 2272 | 2295 | 2290 |
| &nbsp;&nbsp;&nbsp; 773725, 37.440%, 4/21/2026 †x | BlueVine | 10/23/2025 | 1639 | 1655 | 1661 |
| &nbsp;&nbsp;&nbsp; 773735, 22.200%, 10/13/2026 †x | BlueVine | 10/23/2025 | 17270 | 17638 | 17600 |
| &nbsp;&nbsp;&nbsp; 773736, 36.920%, 4/21/2026 †x | BlueVine | 10/23/2025 | 16885 | 17048 | 17104 |
| &nbsp;&nbsp;&nbsp; 773745, 37.128%, 4/21/2026 †x | BlueVine | 10/23/2025 | 2457 | 2481 | 2487 |
| &nbsp;&nbsp;&nbsp; 773746, 29.120%, 4/21/2026 †x | BlueVine | 10/23/2025 | 10669 | 10771 | 10809 |
| &nbsp;&nbsp;&nbsp; 773749, 56.160%, 4/21/2026 †x | BlueVine | 10/23/2025 | 1690 | 1707 | 1712 |
| &nbsp;&nbsp;&nbsp; 773762, 31.440%, 10/01/2026 †x# | BlueVine | 10/23/2025 | 46458 | 47440 | 47000 |
| &nbsp;&nbsp;&nbsp; 773771, 36.400%, 4/21/2026 †x | BlueVine | 10/23/2025 | 16361 | 16520 | 16578 |
| &nbsp;&nbsp;&nbsp; 773784, 35.760%, 10/07/2026 †x | BlueVine | 10/24/2025 | 33323 | 34041 | 33722 |
| &nbsp;&nbsp;&nbsp; 773789, 47.840%, 9/15/2026 †x | BlueVine | 10/23/2025 | 82015 | 83266 | 83934 |
| &nbsp;&nbsp;&nbsp; 773793, 25.320%, 10/09/2026 †x# | BlueVine | 10/23/2025 | 20823 | 21266 | 21144 |
| &nbsp;&nbsp;&nbsp; 773797, 35.160%, 10/05/2026 †x | BlueVine | 10/24/2025 | 7043 | 7195 | 7100 |
| &nbsp;&nbsp;&nbsp; 773801, 23.160%, 10/13/2026 †x | BlueVine | 10/24/2025 | 35974 | 36744 | 36651 |
| &nbsp;&nbsp;&nbsp; 773807, 24.120%, 10/19/2026 †x | BlueVine | 10/24/2025 | 36769 | 37565 | 37531 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6349** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 773810, 35.880%, 10/01/2026 †x# | BlueVine | 10/24/2025 | $14102 | $14403 | $14201 |
| &nbsp;&nbsp;&nbsp; 773818, 47.840%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 554 | 560 | 562 |
| &nbsp;&nbsp;&nbsp; 773822, 66.560%, 4/29/2026 †x# | BlueVine | 10/24/2025 | 404 | 408 | 409 |
| &nbsp;&nbsp;&nbsp; 773825, 41.080%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 15151 | 15302 | 15367 |
| &nbsp;&nbsp;&nbsp; 773829, 39.600%, 10/05/2026 †x | BlueVine | 10/24/2025 | 3545 | 3621 | 3576 |
| &nbsp;&nbsp;&nbsp; 773839, 29.640%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 5434 | 5487 | 5507 |
| &nbsp;&nbsp;&nbsp; 773840, 36.920%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 11015 | 11123 | 11171 |
| &nbsp;&nbsp;&nbsp; 773843, 74.880%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 972 | 982 | 986 |
| &nbsp;&nbsp;&nbsp; 773847, 22.464%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 1730 | 1747 | 1739 |
| &nbsp;&nbsp;&nbsp; 773850, 65.520%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 1528 | 1544 | 1542 |
| &nbsp;&nbsp;&nbsp; 773856, 26.000%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 1414 | 1428 | 1434 |
| &nbsp;&nbsp;&nbsp; 773867, 67.600%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 821 | 829 | 831 |
| &nbsp;&nbsp;&nbsp; 773872, 41.080%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 10171 | 10272 | 10314 |
| &nbsp;&nbsp;&nbsp; 773878, 18.576%, 10/15/2026 †x# | BlueVine | 10/24/2025 | 45997 | 46979 | 47193 |
| &nbsp;&nbsp;&nbsp; 773881, 28.800%, 10/01/2026 †x# | BlueVine | 10/24/2025 | 16008 | 16346 | 16205 |
| &nbsp;&nbsp;&nbsp; 773885, 45.480%, 10/07/2026 †x | BlueVine | 10/27/2025 | 7149 | 7306 | 7222 |
| &nbsp;&nbsp;&nbsp; 773888, 23.160%, 10/22/2026 †x# | BlueVine | 10/24/2025 | 6918 | 7068 | 7089 |
| &nbsp;&nbsp;&nbsp; 773889, 46.800%, 4/22/2026 †x# | BlueVine | 10/24/2025 | 7456 | 7531 | 7563 |
| &nbsp;&nbsp;&nbsp; 773906, 20.640%, 10/22/2026 †x# | BlueVine | 10/27/2025 | 103369 | 105624 | 106169 |
| &nbsp;&nbsp;&nbsp; 773908, 28.800%, 10/05/2026 †x | BlueVine | 10/27/2025 | 11721 | 11980 | 11860 |
| &nbsp;&nbsp;&nbsp; 773911, 39.960%, 10/02/2026 †x# | BlueVine | 10/27/2025 | 24824 | 25362 | 25035 |
| &nbsp;&nbsp;&nbsp; 773935, 23.160%, 10/20/2026 †x | BlueVine | 10/27/2025 | 34987 | 35751 | 35842 |
| &nbsp;&nbsp;&nbsp; 773938, 46.800%, 4/23/2026 †x# | BlueVine | 10/27/2025 | 9935 | 10038 | 10095 |
| &nbsp;&nbsp;&nbsp; 773996, 75.920%, 4/24/2026 †x# | BlueVine | 10/28/2025 | 3116 | 3150 | 3143 |
| &nbsp;&nbsp;&nbsp; 774019, 65.520%, 4/10/2026 †x# | BlueVine | 10/28/2025 | 21505 | 21737 | 21482 |
| &nbsp;&nbsp;&nbsp; 774020, 22.920%, 10/21/2026 †x | BlueVine | 10/28/2025 | 692 | 707 | 710 |
| &nbsp;&nbsp;&nbsp; 774033, 55.640%, 4/20/2026 †x | BlueVine | 10/28/2025 | 4007 | 4055 | 4036 |
| &nbsp;&nbsp;&nbsp; 774035, 21.320%, 4/24/2026 †x# | BlueVine | 10/28/2025 | 3583 | 3619 | 3613 |
| &nbsp;&nbsp;&nbsp; 774040, 36.000%, 10/05/2026 †x | BlueVine | 10/28/2025 | 70521 | 72055 | 71284 |
| &nbsp;&nbsp;&nbsp; 774055, 27.960%, 10/01/2026 †x# | BlueVine | 10/28/2025 | 114982 | 117436 | 116452 |
| &nbsp;&nbsp;&nbsp; 774096, 24.120%, 10/21/2026 †x | BlueVine | 10/29/2025 | 15935 | 16285 | 16343 |
| &nbsp;&nbsp;&nbsp; 774101, 30.960%, 10/26/2026 †x | BlueVine | 10/29/2025 | 41197 | 42120 | 42386 |
| &nbsp;&nbsp;&nbsp; 774103, 29.120%, 4/27/2026 †x | BlueVine | 10/29/2025 | 653 | 660 | 661 |
| &nbsp;&nbsp;&nbsp; 774107, 45.760%, 4/27/2026 †x | BlueVine | 10/29/2025 | 2308 | 2333 | 2339 |
| &nbsp;&nbsp;&nbsp; 774117, 36.920%, 4/27/2026 †x | BlueVine | 10/29/2025 | 1836 | 1859 | 1858 |
| &nbsp;&nbsp;&nbsp; 774130, 34.840%, 5/11/2026 †x# | BlueVine | 10/29/2025 | 908 | 920 | 652 |
| &nbsp;&nbsp;&nbsp; 774133, 50.440%, 4/27/2026 †x | BlueVine | 10/29/2025 | 2999 | 3032 | 3036 |
| &nbsp;&nbsp;&nbsp; 774160, 29.120%, 4/27/2026 †x | BlueVine | 10/29/2025 | 1451 | 1466 | 1470 |
| &nbsp;&nbsp;&nbsp; 774164, 72.800%, 4/27/2026 †x | BlueVine | 10/29/2025 | 1939 | 1961 | 1963 |
| &nbsp;&nbsp;&nbsp; 774170, 38.760%, 11/02/2026 †x | BlueVine | 10/29/2025 | 54154 | 55395 | 55267 |
| &nbsp;&nbsp;&nbsp; 774171, 63.440%, 4/27/2026 †x | BlueVine | 10/29/2025 | 7647 | 7733 | 7741 |
| &nbsp;&nbsp;&nbsp; 774173, 39.528%, 10/08/2026 †x# | BlueVine | 10/29/2025 | 12852 | 13132 | 12995 |
| &nbsp;&nbsp;&nbsp; 774178, 51.480%, 4/27/2026 †x | BlueVine | 10/29/2025 | 2628 | 2657 | 2660 |
| &nbsp;&nbsp;&nbsp; 774180, 46.280%, 4/27/2026 †x# | BlueVine | 10/29/2025 | 824 | 834 | 840 |
| &nbsp;&nbsp;&nbsp; 774188, 29.120%, 4/27/2026 †x | BlueVine | 10/29/2025 | 5903 | 5966 | 5975 |
| &nbsp;&nbsp;&nbsp; 774209, 33.280%, 4/27/2026 †x | BlueVine | 10/29/2025 | 3651 | 3690 | 3700 |
| &nbsp;&nbsp;&nbsp; 774214, 33.800%, 4/27/2026 †x | BlueVine | 10/29/2025 | 1827 | 1846 | 1850 |
| &nbsp;&nbsp;&nbsp; 774226, 36.920%, 8/19/2026 †x# | BlueVine | 10/30/2025 | 4783 | 4868 | 4871 |
| &nbsp;&nbsp;&nbsp; 774229, 30.680%, 4/28/2026 †x | BlueVine | 10/30/2025 | 1720 | 1738 | 1739 |
| &nbsp;&nbsp;&nbsp; 774238, 29.280%, 10/27/2026 †x# | BlueVine | 10/30/2025 | 19411 | 19847 | 19762 |
| &nbsp;&nbsp;&nbsp; 774245, 58.760%, 4/28/2026 †x | BlueVine | 10/30/2025 | 9491 | 9599 | 9599 |
| &nbsp;&nbsp;&nbsp; 774266, 40.560%, 10/13/2026 †x | BlueVine | 10/30/2025 | 106482 | 108881 | 107949 |
| &nbsp;&nbsp;&nbsp; 774272, 24.648%, 4/28/2026 †x | BlueVine | 10/30/2025 | 23963 | 24222 | 24219 |
| &nbsp;&nbsp;&nbsp; 774293, 57.720%, 5/01/2026 †x# | BlueVine | 11/04/2025 | 16756 | 16958 | 16869 |
| &nbsp;&nbsp;&nbsp; 774332, 23.160%, 11/02/2026 †x# | BlueVine | 10/31/2025 | 154558 | 158028 | 156681 |
| &nbsp;&nbsp;&nbsp; 774336, 45.760%, 4/29/2026 †x# | BlueVine | 10/31/2025 | 2388 | 2415 | 2423 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6350** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 774351, 22.920%, 10/27/2026 †x# | BlueVine | 10/31/2025 | $11553 | $11810 | $11688 |
| &nbsp;&nbsp;&nbsp; 774352, 70.720%, 4/29/2026 †x# | BlueVine | 10/31/2025 | 4234 | 4284 | 4301 |
| &nbsp;&nbsp;&nbsp; 774356, 35.880%, 10/23/2026 †x# | BlueVine | 10/31/2025 | 5567 | 5693 | 5672 |
| &nbsp;&nbsp;&nbsp; 774358, 41.080%, 4/29/2026 †x# | BlueVine | 10/31/2025 | 13722 | 14168 | 4345 |
| &nbsp;&nbsp;&nbsp; 774359, 28.080%, 4/29/2026 †x# | BlueVine | 10/31/2025 | 12038 | 12171 | 12186 |
| &nbsp;&nbsp;&nbsp; 774365, 29.120%, 4/29/2026 †x# | BlueVine | 10/31/2025 | 3215 | 3251 | 3262 |
| &nbsp;&nbsp;&nbsp; 774414, 35.880%, 4/30/2026 †x# | BlueVine | 11/03/2025 | 16236 | 16422 | 16466 |
| &nbsp;&nbsp;&nbsp; 774419, 36.920%, 6/22/2026 †x# | BlueVine | 11/03/2025 | 15359 | 15858 | 15785 |
| &nbsp;&nbsp;&nbsp; 774421, 66.560%, 4/30/2026 †x# | BlueVine | 11/03/2025 | 6201 | 6275 | 6287 |
| &nbsp;&nbsp;&nbsp; 774436, 24.120%, 10/13/2026 †x | BlueVine | 11/03/2025 | 21477 | 21954 | 21894 |
| &nbsp;&nbsp;&nbsp; 774457, 33.696%, 4/30/2026 †x# | BlueVine | 11/03/2025 | 486 | 491 | 492 |
| &nbsp;&nbsp;&nbsp; 774464, 30.680%, 4/30/2026 †x# | BlueVine | 11/03/2025 | 5237 | 5296 | 5308 |
| &nbsp;&nbsp;&nbsp; 774472, 80.080%, 5/07/2026 †x# | BlueVine | 11/03/2025 | 2148 | 2176 | 2182 |
| &nbsp;&nbsp;&nbsp; 774473, 65.520%, 4/30/2026 †x# | BlueVine | 11/03/2025 | 3247 | 3286 | 3292 |
| &nbsp;&nbsp;&nbsp; 774486, 30.680%, 4/30/2026 †x# | BlueVine | 11/03/2025 | 17721 | 17922 | 18004 |
| &nbsp;&nbsp;&nbsp; 774545, 37.440%, 5/01/2026 †x# | BlueVine | 11/04/2025 | 15099 | 15276 | 15221 |
| &nbsp;&nbsp;&nbsp; 774557, 46.800%, 5/01/2026 †x# | BlueVine | 11/04/2025 | 1650 | 1669 | 1662 |
| &nbsp;&nbsp;&nbsp; 774585, 31.080%, 11/02/2026 †x | BlueVine | 11/04/2025 | 63120 | 64569 | 64038 |
| &nbsp;&nbsp;&nbsp; 774596, 29.120%, 5/01/2026 †x# | BlueVine | 11/04/2025 | 4019 | 4065 | 4052 |
| &nbsp;&nbsp;&nbsp; 774675, 41.080%, 5/04/2026 †x | BlueVine | 11/05/2025 | 37213 | 37666 | 37571 |
| &nbsp;&nbsp;&nbsp; 774685, 56.160%, 11/13/2026 †x# | BlueVine | 11/05/2025 | 11048 | 11317 | 11342 |
| &nbsp;&nbsp;&nbsp; 774691, 23.400%, 5/04/2026 †x | BlueVine | 11/05/2025 | 1992 | 2016 | 2013 |
| &nbsp;&nbsp;&nbsp; 774695, 22.200%, 11/02/2026 †x | BlueVine | 11/05/2025 | 19256 | 19693 | 19620 |
| &nbsp;&nbsp;&nbsp; 774696, 62.920%, 5/04/2026 †x# | BlueVine | 11/05/2025 | 22822 | 23564 | 7039 |
| &nbsp;&nbsp;&nbsp; 774697, 13.520%, 5/04/2026 †x | BlueVine | 11/05/2025 | 785 | 794 | 796 |
| &nbsp;&nbsp;&nbsp; 774701, 47.840%, 5/04/2026 †x | BlueVine | 11/05/2025 | 8260 | 8362 | 8340 |
| &nbsp;&nbsp;&nbsp; 774752, 36.920%, 5/04/2026 †x | BlueVine | 11/05/2025 | 8130 | 8229 | 8237 |
| &nbsp;&nbsp;&nbsp; 774792, 23.160%, 11/02/2026 †x | BlueVine | 11/06/2025 | 115662 | 118298 | 117273 |
| &nbsp;&nbsp;&nbsp; 774796, 72.800%, 5/05/2026 †x# | BlueVine | 11/06/2025 | 1458 | 1477 | 1477 |
| &nbsp;&nbsp;&nbsp; 774802, 72.800%, 5/05/2026 †x# | BlueVine | 11/06/2025 | 1498 | 1517 | 1518 |
| &nbsp;&nbsp;&nbsp; 774834, 24.804%, 5/05/2026 †x# | BlueVine | 11/06/2025 | 4393 | 4446 | 4463 |
| &nbsp;&nbsp;&nbsp; 774835, 30.680%, 4/28/2026 †x# | BlueVine | 11/06/2025 | 1910 | 1933 | 1923 |
| &nbsp;&nbsp;&nbsp; 774930, 36.920%, 8/05/2026 †x# | BlueVine | 11/07/2025 | 2522 | 2569 | 2574 |
| &nbsp;&nbsp;&nbsp; 774933, 27.000%, 10/22/2026 †x# | BlueVine | 11/07/2025 | 13917 | 14232 | 14266 |
| &nbsp;&nbsp;&nbsp; 774950, 67.600%, 5/06/2026 †x# | BlueVine | 11/07/2025 | 5572 | 5644 | 5657 |
| &nbsp;&nbsp;&nbsp; 774955, 22.200%, 10/16/2026 †x | BlueVine | 11/07/2025 | 10362 | 10593 | 10588 |
| &nbsp;&nbsp;&nbsp; 774958, 30.680%, 5/06/2026 †x# | BlueVine | 11/07/2025 | 3892 | 3940 | 3921 |
| &nbsp;&nbsp;&nbsp; 774971, 23.400%, 5/06/2026 †x# | BlueVine | 11/07/2025 | 4374 | 4427 | 4439 |
| &nbsp;&nbsp;&nbsp; 774972, 41.600%, 5/06/2026 †x# | BlueVine | 11/07/2025 | 2641 | 2674 | 2675 |
| &nbsp;&nbsp;&nbsp; 774982, 37.440%, 5/06/2026 †x# | BlueVine | 11/07/2025 | 2140 | 2167 | 2172 |
| &nbsp;&nbsp;&nbsp; 774984, 31.440%, 11/02/2026 †x | BlueVine | 11/07/2025 | 10896 | 11161 | 11094 |
| &nbsp;&nbsp;&nbsp; 775024, 43.920%, 10/28/2026 †x# | BlueVine | 11/10/2025 | 22414 | 22940 | 22629 |
| &nbsp;&nbsp;&nbsp; 775032, 28.800%, 10/09/2026 †x# | BlueVine | 11/10/2025 | 33081 | 33855 | 33717 |
| &nbsp;&nbsp;&nbsp; 775035, 46.800%, 5/07/2026 †x# | BlueVine | 11/10/2025 | 13549 | 13725 | 13781 |
| &nbsp;&nbsp;&nbsp; 775093, 31.920%, 10/26/2026 †x# | BlueVine | 11/10/2025 | 46723 | 47801 | 47985 |
| &nbsp;&nbsp;&nbsp; 775102, 23.400%, 10/20/2026 †x# | BlueVine | 11/10/2025 | 1000 | 1021 | 1020 |
| &nbsp;&nbsp;&nbsp; 775104, 46.800%, 5/07/2026 †x# | BlueVine | 11/10/2025 | 4065 | 4117 | 4134 |
| &nbsp;&nbsp;&nbsp; 775120, 52.000%, 5/07/2026 †x# | BlueVine | 11/10/2025 | 8690 | 8804 | 8826 |
| &nbsp;&nbsp;&nbsp; 775133, 46.800%, 5/07/2026 †x# | BlueVine | 11/10/2025 | 11291 | 11437 | 11480 |
| &nbsp;&nbsp;&nbsp; 775157, 24.960%, 11/02/2026 †x | BlueVine | 11/12/2025 | 57950 | 59294 | 59062 |
| &nbsp;&nbsp;&nbsp; 775159, 46.800%, 5/08/2026 †x# | BlueVine | 11/12/2025 | 8333 | 8443 | 8425 |
| &nbsp;&nbsp;&nbsp; 775162, 74.880%, 5/08/2026 †x# | BlueVine | 11/12/2025 | 18750 | 19008 | 18934 |
| &nbsp;&nbsp;&nbsp; 775163, 19.800%, 11/02/2026 †x | BlueVine | 11/13/2025 | 57607 | 58976 | 58729 |
| &nbsp;&nbsp;&nbsp; 775200, 29.120%, 5/08/2026 †x# | BlueVine | 11/12/2025 | 529 | 536 | 536 |
| &nbsp;&nbsp;&nbsp; 775205, 27.560%, 5/08/2026 †x# | BlueVine | 11/12/2025 | 13197 | 13367 | 13350 |
| &nbsp;&nbsp;&nbsp; 775223, 66.040%, 5/08/2026 †x# | BlueVine | 11/12/2025 | 20852 | 21135 | 21060 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6351** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 775252, 65.520%, 5/11/2026 †x | BlueVine | 11/13/2025 | $570 | $578 | $577 |
| &nbsp;&nbsp;&nbsp; 775295, 40.800%, 11/02/2026 †x | BlueVine | 11/13/2025 | 47176 | 48292 | 47884 |
| &nbsp;&nbsp;&nbsp; 775296, 80.080%, 5/11/2026 †x | BlueVine | 11/13/2025 | 4625 | 4691 | 4688 |
| &nbsp;&nbsp;&nbsp; 775302, 65.520%, 5/11/2026 †x | BlueVine | 11/13/2025 | 6946 | 7043 | 7040 |
| &nbsp;&nbsp;&nbsp; 775336, 41.400%, 11/02/2026 †x | BlueVine | 11/13/2025 | 59008 | 60405 | 59887 |
| &nbsp;&nbsp;&nbsp; 775345, 58.760%, 5/12/2026 †x# | BlueVine | 11/13/2025 | 29156 | 29563 | 29666 |
| &nbsp;&nbsp;&nbsp; 775347, 33.800%, 5/11/2026 †x | BlueVine | 11/13/2025 | 887 | 899 | 899 |
| &nbsp;&nbsp;&nbsp; 775492, 35.640%, 11/12/2026 †x# | BlueVine | 11/14/2025 | 96174 | 98468 | 98052 |
| &nbsp;&nbsp;&nbsp; 775583, 80.080%, 5/14/2026 †x# | BlueVine | 11/17/2025 | 4088 | 4149 | 4174 |
| &nbsp;&nbsp;&nbsp; 775629, 46.800%, 5/14/2026 †x# | BlueVine | 11/17/2025 | 14716 | 14926 | 15023 |
| &nbsp;&nbsp;&nbsp; 775635, 50.440%, 5/14/2026 †x# | BlueVine | 11/17/2025 | 34495 | 34989 | 35205 |
| &nbsp;&nbsp;&nbsp; 775665, 27.612%, 5/14/2026 †x# | BlueVine | 11/17/2025 | 3111 | 3155 | 3176 |
| &nbsp;&nbsp;&nbsp; 775666, 23.400%, 5/14/2026 †x# | BlueVine | 11/17/2025 | 9521 | 9653 | 9721 |
| &nbsp;&nbsp;&nbsp; 775761, 26.640%, 10/28/2026 †x# | BlueVine | 11/18/2025 | 35075 | 35898 | 35600 |
| &nbsp;&nbsp;&nbsp; 775763, 26.352%, 11/06/2026 †x# | BlueVine | 11/18/2025 | 363 | 372 | 369 |
| &nbsp;&nbsp;&nbsp; 775773, 49.560%, 11/18/2026 †x | BlueVine | 11/18/2025 | 79353 | 81322 | 81519 |
| &nbsp;&nbsp;&nbsp; 775774, 66.560%, 5/15/2026 †x# | BlueVine | 11/18/2025 | 3383 | 3433 | 3417 |
| &nbsp;&nbsp;&nbsp; 775826, 28.704%, 5/18/2026 †x | BlueVine | 11/19/2025 | 2747 | 2787 | 2792 |
| &nbsp;&nbsp;&nbsp; 775851, 72.800%, 5/18/2026 †x | BlueVine | 11/19/2025 | 17729 | 18001 | 18003 |
| &nbsp;&nbsp;&nbsp; 775885, 66.040%, 5/18/2026 †x | BlueVine | 11/19/2025 | 754 | 765 | 765 |
| &nbsp;&nbsp;&nbsp; 775896, 39.520%, 5/18/2026 †x | BlueVine | 11/19/2025 | 19442 | 19728 | 19761 |
| &nbsp;&nbsp;&nbsp; 775913, 51.480%, 5/18/2026 †x | BlueVine | 11/19/2025 | 24671 | 25040 | 25087 |
| &nbsp;&nbsp;&nbsp; 775965, 35.640%, 11/23/2026 †x | BlueVine | 11/20/2025 | 19653 | 20132 | 20259 |
| &nbsp;&nbsp;&nbsp; 775970, 44.200%, 5/26/2026 †x | BlueVine | 11/20/2025 | 10550 | 10715 | 10797 |
| &nbsp;&nbsp;&nbsp; 775991, 57.600%, 10/26/2026 †x# | BlueVine | 11/20/2025 | 800 | 819 | 808 |
| &nbsp;&nbsp;&nbsp; 776004, 30.000%, 11/12/2026 †x | BlueVine | 11/20/2025 | 2720 | 2785 | 2778 |
| &nbsp;&nbsp;&nbsp; 776006, 66.040%, 5/19/2026 †x# | BlueVine | 11/20/2025 | 2260 | 2294 | 2300 |
| &nbsp;&nbsp;&nbsp; 776020, 37.440%, 6/17/2026 †x# | BlueVine | 11/20/2025 | 3901 | 3969 | 3995 |
| &nbsp;&nbsp;&nbsp; 776062, 30.720%, 11/02/2026 †x | BlueVine | 11/20/2025 | 3620 | 3706 | 3660 |
| &nbsp;&nbsp;&nbsp; 776064, 24.120%, 11/09/2026 †x | BlueVine | 11/20/2025 | 4632 | 4742 | 4729 |
| &nbsp;&nbsp;&nbsp; 776069, 72.800%, 5/19/2026 †x | BlueVine | 11/20/2025 | 7148 | 7260 | 7309 |
| &nbsp;&nbsp;&nbsp; 776073, 46.800%, 5/19/2026 †x | BlueVine | 11/20/2025 | 491 | 498 | 501 |
| &nbsp;&nbsp;&nbsp; 776081, 67.600%, 5/19/2026 †x# | BlueVine | 11/20/2025 | 650 | 671 | 299 |
| &nbsp;&nbsp;&nbsp; 776106, 20.640%, 11/05/2026 †x | BlueVine | 11/21/2025 | 7207 | 7382 | 7332 |
| &nbsp;&nbsp;&nbsp; 776130, 30.680%, 5/20/2026 †x# | BlueVine | 11/21/2025 | 1557 | 1581 | 1593 |
| &nbsp;&nbsp;&nbsp; 776133, 66.040%, 5/20/2026 †x# | BlueVine | 11/21/2025 | 2110 | 2142 | 2159 |
| &nbsp;&nbsp;&nbsp; 776150, 21.600%, 11/20/2026 †x# | BlueVine | 11/21/2025 | 38485 | 39414 | 39465 |
| &nbsp;&nbsp;&nbsp; 776169, 29.120%, 5/27/2026 †x# | BlueVine | 11/21/2025 | 2311 | 2387 | 752 |
| &nbsp;&nbsp;&nbsp; 776173, 46.800%, 5/20/2026 †x# | BlueVine | 11/21/2025 | 2299 | 2334 | 2352 |
| &nbsp;&nbsp;&nbsp; 776180, 46.800%, 5/27/2026 †x# | BlueVine | 11/21/2025 | 43045 | 44444 | 14169 |
| &nbsp;&nbsp;&nbsp; 776181, 21.840%, 5/20/2026 †x | BlueVine | 11/21/2025 | 15539 | 15768 | 15888 |
| &nbsp;&nbsp;&nbsp; 776183, 35.640%, 11/12/2026 †x | BlueVine | 11/21/2025 | 78190 | 80089 | 79547 |
| &nbsp;&nbsp;&nbsp; 776219, 29.120%, 5/21/2026 †x# | BlueVine | 11/24/2025 | 12954 | 13151 | 13264 |
| &nbsp;&nbsp;&nbsp; 776220, 36.920%, 5/21/2026 †x# | BlueVine | 11/24/2025 | 10460 | 10620 | 10710 |
| &nbsp;&nbsp;&nbsp; 776221, 37.440%, 5/21/2026 †x# | BlueVine | 11/24/2025 | 5233 | 5313 | 5358 |
| &nbsp;&nbsp;&nbsp; 776246, 35.256%, 5/21/2026 †x# | BlueVine | 11/24/2025 | 1566 | 1591 | 1605 |
| &nbsp;&nbsp;&nbsp; 776250, 58.760%, 5/21/2026 †x# | BlueVine | 11/24/2025 | 6065 | 6160 | 6222 |
| &nbsp;&nbsp;&nbsp; 776268, 24.480%, 11/13/2026 †x# | BlueVine | 11/24/2025 | 15445 | 15818 | 15794 |
| &nbsp;&nbsp;&nbsp; 776277, 74.880%, 5/21/2026 †x# | BlueVine | 11/24/2025 | 10927 | 11102 | 11199 |
| &nbsp;&nbsp;&nbsp; 776309, 45.760%, 11/06/2026 †x# | BlueVine | 11/24/2025 | 57145 | 58270 | 58608 |
| &nbsp;&nbsp;&nbsp; 776358, 36.920%, 8/28/2026 †x# | BlueVine | 11/25/2025 | 1073 | 1097 | 1096 |
| &nbsp;&nbsp;&nbsp; 776367, 42.960%, 11/25/2026 †x# | BlueVine | 11/25/2025 | 3962 | 4059 | 4105 |
| &nbsp;&nbsp;&nbsp; 776368, 49.400%, 5/22/2026 †x# | BlueVine | 11/25/2025 | 106138 | 107815 | 108146 |
| &nbsp;&nbsp;&nbsp; 776374, 43.680%, 5/22/2026 †x# | BlueVine | 11/25/2025 | 10543 | 10709 | 10734 |
| &nbsp;&nbsp;&nbsp; 776410, 24.120%, 11/19/2026 †x | BlueVine | 11/28/2025 | 15438 | 15818 | 15846 |
| &nbsp;&nbsp;&nbsp; 776460, 74.880%, 5/26/2026 †x | BlueVine | 11/26/2025 | 4097 | 4166 | 4183 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6352** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 776467, 56.160%, 5/26/2026 †x | BlueVine | 11/26/2025 | $2674 | $2718 | $2730 |
| &nbsp;&nbsp;&nbsp; 776468, 45.760%, 12/28/2026 †x# | BlueVine | 11/26/2025 | 3584 | 3700 | 1141 |
| &nbsp;&nbsp;&nbsp; 776471, 78.520%, 5/26/2026 †x | BlueVine | 11/26/2025 | 30170 | 30679 | 30805 |
| &nbsp;&nbsp;&nbsp; 776482, 33.600%, 11/09/2026 †x | BlueVine | 11/28/2025 | 17151 | 17583 | 17421 |
| &nbsp;&nbsp;&nbsp; 776542, 18.576%, 11/16/2026 †x | BlueVine | 11/26/2025 | 53691 | 54992 | 55085 |
| &nbsp;&nbsp;&nbsp; 776656, 22.920%, 10/21/2026 †x# | BlueVine | 11/28/2025 | 43994 | 45076 | 45106 |
| &nbsp;&nbsp;&nbsp; 776661, 23.160%, 11/13/2026 †x# | BlueVine | 11/28/2025 | 30843 | 31596 | 31571 |
| &nbsp;&nbsp;&nbsp; 776671, 35.880%, 5/26/2026 †x | BlueVine | 11/28/2025 | 731 | 743 | 749 |
| &nbsp;&nbsp;&nbsp; 776673, 32.076%, 11/25/2026 †x# | BlueVine | 11/28/2025 | 15547 | 15936 | 16022 |
| &nbsp;&nbsp;&nbsp; 776684, 30.360%, 11/16/2026 †x | BlueVine | 11/28/2025 | 14770 | 15135 | 15118 |
| &nbsp;&nbsp;&nbsp; 776685, 35.880%, 5/26/2026 †x | BlueVine | 11/28/2025 | 261 | 265 | 267 |
| &nbsp;&nbsp;&nbsp; 776734, 67.600%, 5/27/2026 †x# | BlueVine | 12/01/2025 | 1740 | 1770 | 1786 |
| &nbsp;&nbsp;&nbsp; 776757, 22.200%, 11/17/2026 †x | BlueVine | 12/01/2025 | 15405 | 15785 | 15814 |
| &nbsp;&nbsp;&nbsp; 776807, 35.640%, 11/12/2026 †x# | BlueVine | 12/01/2025 | 60872 | 62381 | 61996 |
| &nbsp;&nbsp;&nbsp; 776867, 27.040%, 5/29/2026 †x# | BlueVine | 12/02/2025 | 13880 | 14111 | 14168 |
| &nbsp;&nbsp;&nbsp; 776869, 57.200%, 5/29/2026 †x# | BlueVine | 12/02/2025 | 41186 | 41896 | 42023 |
| &nbsp;&nbsp;&nbsp; 776899, 33.960%, 11/12/2026 †x | BlueVine | 12/02/2025 | 15609 | 16004 | 15901 |
| &nbsp;&nbsp;&nbsp; 776904, 44.200%, 5/29/2026 †x# | BlueVine | 12/02/2025 | 566 | 575 | 578 |
| &nbsp;&nbsp;&nbsp; 776907, 45.760%, 5/29/2026 †x# | BlueVine | 12/02/2025 | 1187 | 1207 | 1202 |
| &nbsp;&nbsp;&nbsp; 776951, 46.800%, 5/29/2026 †x# | BlueVine | 12/02/2025 | 5673 | 5770 | 5789 |
| &nbsp;&nbsp;&nbsp; 777041, 22.360%, 6/01/2026 †x | BlueVine | 12/03/2025 | 2341 | 2380 | 2395 |
| &nbsp;&nbsp;&nbsp; 777083, 57.148%, 6/01/2026 †x | BlueVine | 12/03/2025 | 22943 | 23347 | 23482 |
| &nbsp;&nbsp;&nbsp; 777176, 29.280%, 11/27/2026 †x# | BlueVine | 12/04/2025 | 38374 | 39345 | 39136 |
| &nbsp;&nbsp;&nbsp; 777188, 24.960%, 11/18/2026 †x | BlueVine | 12/04/2025 | 11590 | 11879 | 11874 |
| &nbsp;&nbsp;&nbsp; 777197, 66.560%, 6/02/2026 †x | BlueVine | 12/04/2025 | 2806 | 2856 | 2866 |
| &nbsp;&nbsp;&nbsp; 777353, 56.160%, 6/04/2026 †x# | BlueVine | 12/08/2025 | 17830 | 18156 | 18271 |
| &nbsp;&nbsp;&nbsp; 777375, 74.880%, 6/03/2026 †x# | BlueVine | 12/05/2025 | 622 | 633 | 636 |
| &nbsp;&nbsp;&nbsp; 777377, 22.200%, 12/01/2026 †x | BlueVine | 12/05/2025 | 67858 | 69616 | 68897 |
| &nbsp;&nbsp;&nbsp; 777381, 72.800%, 6/03/2026 †x# | BlueVine | 12/05/2025 | 6205 | 6318 | 6338 |
| &nbsp;&nbsp;&nbsp; 777419, 33.720%, 11/16/2026 †x | BlueVine | 12/08/2025 | 19507 | 20001 | 19914 |
| &nbsp;&nbsp;&nbsp; 777504, 46.800%, 6/04/2026 †x# | BlueVine | 12/08/2025 | 7867 | 8009 | 8062 |
| &nbsp;&nbsp;&nbsp; 777508, 35.880%, 6/04/2026 †x# | BlueVine | 12/08/2025 | 4301 | 4378 | 4404 |
| &nbsp;&nbsp;&nbsp; 777538, 63.440%, 6/08/2026 †x | BlueVine | 12/10/2025 | 18450 | 18800 | 18755 |
| &nbsp;&nbsp;&nbsp; 777548, 46.800%, 6/05/2026 †x# | BlueVine | 12/09/2025 | 6052 | 6162 | 6160 |
| &nbsp;&nbsp;&nbsp; 777599, 35.424%, 11/16/2026 †x | BlueVine | 12/09/2025 | 7035 | 7215 | 7175 |
| &nbsp;&nbsp;&nbsp; 777609, 56.160%, 6/05/2026 †x# | BlueVine | 12/09/2025 | 7329 | 7464 | 7462 |
| &nbsp;&nbsp;&nbsp; 777611, 19.692%, 11/30/2026 †x# | BlueVine | 12/09/2025 | 105825 | 108518 | 108302 |
| &nbsp;&nbsp;&nbsp; 777613, 40.800%, 11/20/2026 †x# | BlueVine | 12/09/2025 | 33416 | 34273 | 34128 |
| &nbsp;&nbsp;&nbsp; 777644, 59.436%, 6/08/2026 †x | BlueVine | 12/10/2025 | 2328 | 2372 | 2375 |
| &nbsp;&nbsp;&nbsp; 777657, 37.200%, 11/27/2026 †x# | BlueVine | 12/09/2025 | 34308 | 35193 | 34951 |
| &nbsp;&nbsp;&nbsp; 777659, 83.200%, 6/08/2026 †x# | BlueVine | 12/10/2025 | 15090 | 15580 | 7117 |
| &nbsp;&nbsp;&nbsp; 777660, 28.080%, 6/05/2026 †x# | BlueVine | 12/09/2025 | 1782 | 1814 | 1819 |
| &nbsp;&nbsp;&nbsp; 777664, 51.480%, 6/08/2026 †x | BlueVine | 12/10/2025 | 7295 | 7432 | 7431 |
| &nbsp;&nbsp;&nbsp; 777667, 36.920%, 6/08/2026 †x | BlueVine | 12/10/2025 | 1798 | 1831 | 1831 |
| &nbsp;&nbsp;&nbsp; 777689, 33.800%, 6/05/2026 †x# | BlueVine | 12/09/2025 | 3985 | 4057 | 4075 |
| &nbsp;&nbsp;&nbsp; 777692, 52.884%, 6/05/2026 †x# | BlueVine | 12/09/2025 | 12175 | 12400 | 12420 |
| &nbsp;&nbsp;&nbsp; 777699, 22.360%, 6/08/2026 †x | BlueVine | 12/10/2025 | 44287 | 45092 | 45191 |
| &nbsp;&nbsp;&nbsp; 777727, 58.968%, 6/08/2026 †x | BlueVine | 12/10/2025 | 4287 | 4368 | 4375 |
| &nbsp;&nbsp;&nbsp; 777737, 33.800%, 6/08/2026 †x | BlueVine | 12/10/2025 | 1195 | 1217 | 1220 |
| &nbsp;&nbsp;&nbsp; 777746, 74.880%, 6/08/2026 †x | BlueVine | 12/10/2025 | 810 | 826 | 828 |
| &nbsp;&nbsp;&nbsp; 777751, 65.520%, 6/08/2026 †x# | BlueVine | 12/10/2025 | 3081 | 3142 | 3151 |
| &nbsp;&nbsp;&nbsp; 777768, 23.400%, 6/08/2026 †x | BlueVine | 12/10/2025 | 555 | 565 | 568 |
| &nbsp;&nbsp;&nbsp; 777777, 22.920%, 12/14/2026 †x | BlueVine | 12/10/2025 | 64403 | 66072 | 66298 |
| &nbsp;&nbsp;&nbsp; 777782, 24.752%, 6/08/2026 †x | BlueVine | 12/10/2025 | 2108 | 2146 | 2150 |
| &nbsp;&nbsp;&nbsp; 777835, 46.800%, 6/08/2026 †x | BlueVine | 12/10/2025 | 3026 | 3082 | 3087 |
| &nbsp;&nbsp;&nbsp; 777857, 57.720%, 6/08/2026 †x | BlueVine | 12/10/2025 | 18199 | 18542 | 18566 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6353** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; 777892, 35.640%, 11/24/2026 †x | BlueVine | 12/10/2025 | $7819 | $8020 | $8043 |
| &nbsp;&nbsp;&nbsp; 777895, 22.920%, 12/08/2026 †x | BlueVine | 12/10/2025 | 76382 | 78351 | 78322 |
| &nbsp;&nbsp;&nbsp; 777901, 17.472%, 6/08/2026 †x | BlueVine | 12/10/2025 | 2938 | 2991 | 3002 |
| &nbsp;&nbsp;&nbsp; 777932, 21.840%, 6/09/2026 †x# | BlueVine | 12/11/2025 | 34552 | 35186 | 35532 |
| &nbsp;&nbsp;&nbsp; 777948, 21.060%, 6/09/2026 †x | BlueVine | 12/11/2025 | 14743 | 15013 | 15109 |
| &nbsp;&nbsp;&nbsp; 777971, 20.640%, 12/01/2026 †x | BlueVine | 12/11/2025 | 15250 | 15650 | 15580 |
| &nbsp;&nbsp;&nbsp; 777989, 29.280%, 12/01/2026 †x | BlueVine | 12/11/2025 | 20988 | 21549 | 21412 |
| &nbsp;&nbsp;&nbsp; 777993, 55.640%, 6/10/2026 †x# | BlueVine | 12/12/2025 | 648 | 660 | 664 |
| &nbsp;&nbsp;&nbsp; 777999, 24.648%, 6/10/2026 †x# | BlueVine | 12/12/2025 | 5783 | 5891 | 5928 |
| &nbsp;&nbsp;&nbsp; 778009, 37.908%, 12/14/2026 †x | BlueVine | 12/11/2025 | 42907 | 44048 | 44101 |
| &nbsp;&nbsp;&nbsp; 778021, 20.800%, 6/09/2026 †x | BlueVine | 12/11/2025 | 17687 | 18011 | 18126 |
| &nbsp;&nbsp;&nbsp; 778026, 28.704%, 6/10/2026 †x# | BlueVine | 12/12/2025 | 6954 | 7084 | 7124 |
| &nbsp;&nbsp;&nbsp; 778051, 35.640%, 12/07/2026 †x | BlueVine | 12/12/2025 | 16819 | 17271 | 17092 |
| &nbsp;&nbsp;&nbsp; 778056, 35.640%, 11/23/2026 †x | BlueVine | 12/12/2025 | 15638 | 16042 | 15970 |
| &nbsp;&nbsp;&nbsp; 778078, 32.160%, 12/07/2026 †x | BlueVine | 12/12/2025 | 17091 | 17537 | 17432 |
| &nbsp;&nbsp;&nbsp; 778098, 22.920%, 12/04/2026 †x# | BlueVine | 12/12/2025 | 16974 | 17412 | 17355 |
| &nbsp;&nbsp;&nbsp; 778099, 44.720%, 6/10/2026 †x# | BlueVine | 12/12/2025 | 3207 | 3268 | 3287 |
| &nbsp;&nbsp;&nbsp; 778100, 22.200%, 12/01/2026 †x | BlueVine | 12/12/2025 | 21206 | 21765 | 21657 |
| &nbsp;&nbsp;&nbsp; 778105, 36.920%, 6/10/2026 †x# | BlueVine | 12/12/2025 | 44589 | 45428 | 45735 |
| &nbsp;&nbsp;&nbsp; 778120, 14.040%, 6/10/2026 †x# | BlueVine | 12/12/2025 | 1247 | 1270 | 1278 |
| &nbsp;&nbsp;&nbsp; 778122, 21.720%, 12/14/2026 †x | BlueVine | 12/12/2025 | 10175 | 10441 | 10404 |
| &nbsp;&nbsp;&nbsp; 7XMHW824, 13.000%, 10/01/2026 †‡§#∑ | Unchained | 10/08/2025 | 226942 | 226942 | 228240 |
| &nbsp;&nbsp;&nbsp; 811U389N, 13.000%, 7/09/2026 †‡§#∑ | Unchained | 7/16/2025 | 250000 | 250000 | 250910 |
| &nbsp;&nbsp;&nbsp; 815PC6X1, 12.000%, 2/20/2027 †‡∑ | Unchained | 2/26/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp; 82TTWXLW, 14.000%, 3/05/2026 †‡§#∑ | Unchained | 3/11/2025 | 5100000 | 5100000 | 5103608 |
| &nbsp;&nbsp;&nbsp; 8K4EH3L2, 14.000%, 4/11/2026 †‡§#∑ | Unchained | 4/21/2025 | 265000 | 265000 | 265700 |
| &nbsp;&nbsp;&nbsp; 8LJT8J1T, 13.000%, 7/12/2026 †‡§#∑ | Unchained | 7/21/2025 | 239566 | 239566 | 240457 |
| &nbsp;&nbsp;&nbsp; 8PQC531C, 13.000%, 5/31/2026 †‡§#∑ | Unchained | 6/06/2025 | 299985 | 299985 | 300768 |
| &nbsp;&nbsp;&nbsp; 8TFMQRC7, 14.000%, 3/15/2026 †‡§#∑ | Unchained | 3/25/2025 | 250000 | 250000 | 250312 |
| &nbsp;&nbsp;&nbsp; 8TR912DK, 13.000%, 6/18/2026 †‡§#∑ | Unchained | 6/24/2025 | 300000 | 300000 | 300930 |
| &nbsp;&nbsp;&nbsp; 971RP2DB, 14.000%, 3/29/2026 †‡§#∑ | Unchained | 4/07/2025 | 68799 | 68799 | 68932 |
| &nbsp;&nbsp;&nbsp; 991LLWRW, 13.000%, 7/16/2026 †‡§#∑ | Unchained | 7/23/2025 | 74021 | 74021 | 74304 |
| &nbsp;&nbsp;&nbsp; 9ET2WP1F, 12.000%, 2/14/2027 †‡§∑ | Unchained | 2/20/2026 | 250000 | 250000 | 250000 |
| &nbsp;&nbsp;&nbsp; 9HDPCCHY, 13.000%, 7/09/2026 †‡§#∑ | Unchained | 7/16/2025 | 150000 | 150000 | 150546 |
| &nbsp;&nbsp;&nbsp; 9L41WB48, 13.000%, 6/04/2026 †‡§#∑ | Unchained | 6/11/2025 | 150000 | 150000 | 150408 |
| &nbsp;&nbsp;&nbsp; 9TUD7A5X, 14.000%, 3/28/2026 †‡§#∑ | Unchained | 4/03/2025 | 245999 | 245999 | 246463 |
| &nbsp;&nbsp;&nbsp; 9W5PEWYD, 13.000%, 5/14/2026 †‡§∑ | Unchained | 5/20/2025 | 130653 | 130653 | 130940 |
| &nbsp;&nbsp;&nbsp; 9YJ7CR7C, 12.000%, 1/31/2027 †‡§∑ | Unchained | 2/09/2026 | 197567 | 197567 | 197567 |
| &nbsp;&nbsp;&nbsp; A4CJX43U, 12.000%, 2/21/2027 †‡∑ | Unchained | 2/27/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp; A5JR9YR7, 12.000%, 2/07/2027 †‡§∑ | Unchained | 2/13/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp; AXAE25DL, 13.000%, 10/11/2026 †‡§∑ | Unchained | 10/17/2025 | 489210 | 489210 | 492142 |
| &nbsp;&nbsp;&nbsp; B1TP78N3, 13.000%, 9/20/2026 †‡§#∑ | Unchained | 9/26/2025 | 341719 | 341719 | 343591 |
| &nbsp;&nbsp;&nbsp; BDWJ2MW3, 14.000%, 3/05/2026 †‡§#∑ | Unchained | 3/11/2025 | 3000000 | 3000000 | 3002123 |
| &nbsp;&nbsp;&nbsp; BLR5RXY8, 13.000%, 5/16/2026 †‡§#∑ | Unchained | 5/23/2025 | 95000 | 95000 | 95214 |
| &nbsp;&nbsp;&nbsp; BRBCU7EK, 12.000%, 1/07/2027 †‡§#∑ | Unchained | 1/13/2026 | 706421 | 706421 | 706421 |
| &nbsp;&nbsp;&nbsp; BY5Q7PTM, 12.000%, 2/14/2027 †‡§∑ | Unchained | 2/23/2026 | 154646 | 154646 | 154646 |
| &nbsp;&nbsp;&nbsp; CNMJ9W9A, 12.000%, 2/21/2027 †‡∑ | Unchained | 2/27/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp; DF179YBF, 13.000%, 6/07/2026 †‡§∑ | Unchained | 6/13/2025 | 169003 | 169003 | 169476 |
| &nbsp;&nbsp;&nbsp; DLPLMY1U, 13.000%, 5/24/2026 †‡§#∑ | Unchained | 5/30/2025 | 300000 | 300000 | 300727 |
| &nbsp;&nbsp;&nbsp; DX32AN2T, 13.000%, 7/25/2026 †‡§∑ | Unchained | 7/31/2025 | 624000 | 624000 | 626499 |
| &nbsp;&nbsp;&nbsp; DY6FM1LX, 13.000%, 7/11/2026 †‡§#∑ | Unchained | 7/17/2025 | 121500 | 121500 | 121949 |
| &nbsp;&nbsp;&nbsp; EBQFLEQB, 13.000%, 8/08/2026 †‡§∑ | Unchained | 8/18/2025 | 104477 | 104477 | 104935 |
| &nbsp;&nbsp;&nbsp; ED9D2KYQ, 13.000%, 5/14/2026 †‡§#∑ | Unchained | 5/20/2025 | 340000 | 340000 | 340748 |
| &nbsp;&nbsp;&nbsp; EDQAEA3L, 13.000%, 9/17/2026 †‡§#∑ | Unchained | 9/23/2025 | 275000 | 275000 | 276484 |
| &nbsp;&nbsp;&nbsp; EQCYA87Y, 13.000%, 5/16/2026 †‡§#∑ | Unchained | 5/22/2025 | 1250482 | 1250482 | 1253302 |
| &nbsp;&nbsp;&nbsp; F16MXB6U, 13.000%, 8/01/2026 †‡§#∑ | Unchained | 8/07/2025 | 400000 | 400000 | 401678 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6354** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| &nbsp;&nbsp;&nbsp; **United States - 7.58% (continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FE7NP7HE, 13.000%, 5/08/2026 †‡§#∑ | Unchained | 5/16/2025 | $517123 | $517123 | $518178 |
| &nbsp;&nbsp;&nbsp; FFLK6PA1, 13.000%, 5/03/2026 †‡§#∑ | Unchained | 9/03/2025 | 320000 | 320000 | 320609 |
| &nbsp;&nbsp;&nbsp; FQL3T8D5, 13.000%, 5/17/2026 †‡§∑ | Unchained | 5/23/2025 | 504270 | 504270 | 505421 |
| &nbsp;&nbsp;&nbsp; FRM9PLDA, 13.000%, 8/30/2026 †‡§#∑ | Unchained | 9/05/2025 | 41896 | 41896 | 42102 |
| &nbsp;&nbsp;&nbsp; H4LPB7CM, 13.000%, 8/23/2026 †‡§#∑ | Unchained | 9/02/2025 | 1500000 | 1500000 | 1507077 |
| &nbsp;&nbsp;&nbsp; H7YK72X4, 12.000%, 1/17/2027 †‡§#∑ | Unchained | 1/23/2026 | 154822 | 154822 | 154822 |
| &nbsp;&nbsp;&nbsp; HAEFJTTH, 13.000%, 6/27/2026 †‡§∑ | Unchained | 7/07/2025 | 150000 | 150000 | 150497 |
| &nbsp;&nbsp;&nbsp; J87E7781, 14.000%, 3/20/2026 †‡§#∑ | Unchained | 3/26/2025 | 2000000 | 2000000 | 2003039 |
| &nbsp;&nbsp;&nbsp; JAFD4BT2, 13.000%, 10/18/2026 †‡§#∑ | Unchained | 10/24/2025 | 266138 | 266138 | 267784 |
| &nbsp;&nbsp;&nbsp; JLXPN5W5, 13.000%, 6/13/2026 †‡§#∑ | Unchained | 6/20/2025 | 150000 | 150000 | 150445 |
| &nbsp;&nbsp;&nbsp; KDHJB3BJ, 13.000%, 7/11/2026 †‡§#∑ | Unchained | 7/17/2025 | 373864 | 373864 | 375245 |
| &nbsp;&nbsp;&nbsp; LBRCDPW4, 13.000%, 10/04/2026 †‡§#∑ | Unchained | 10/10/2025 | 154764 | 154764 | 155662 |
| &nbsp;&nbsp;&nbsp; LH68X8KY, 13.000%, 6/12/2026 †‡§∑ | Unchained | 6/18/2025 | 125000 | 125000 | 125367 |
| &nbsp;&nbsp;&nbsp; LJ7N1TF6, 14.000%, 4/19/2026 †‡§#∑ | Unchained | 4/28/2025 | 43636 | 43636 | 43770 |
| &nbsp;&nbsp;&nbsp; LPUU6EX5, 14.000%, 3/28/2026 †‡§#∑ | Unchained | 4/04/2025 | 150000 | 150000 | 150283 |
| &nbsp;&nbsp;&nbsp; LY7FNKEF, 12.000%, 11/29/2026 †‡§#∑ | Unchained | 12/05/2025 | 9000000 | 9000000 | 9000000 |
| &nbsp;&nbsp;&nbsp; M17XK9T6, 12.000%, 1/08/2027 †‡§#∑ | Unchained | 1/14/2026 | 1300000 | 1300000 | 1300000 |
| &nbsp;&nbsp;&nbsp; M7X5T44T, 12.000%, 2/07/2027 †‡§∑ | Unchained | 2/13/2026 | 6600000 | 6600000 | 6600000 |
| &nbsp;&nbsp;&nbsp; MNTE2HMJ, 13.000%, 6/26/2026 †‡§∑ | Unchained | 7/03/2025 | 175000 | 175000 | 175575 |
| &nbsp;&nbsp;&nbsp; N5UXBHN6, 13.000%, 6/21/2026 †‡§#∑ | Unchained | 6/27/2025 | 225000 | 225000 | 225716 |
| &nbsp;&nbsp;&nbsp; N7FYQ3AC, 13.000%, 10/25/2026 †‡§#∑ | Unchained | 10/31/2025 | 2064300 | 2064300 | 2077270 |
| &nbsp;&nbsp;&nbsp; NMCWCFLT, 13.000%, 7/24/2026 †‡§∑ | Unchained | 7/31/2025 | 230116 | 230116 | 231031 |
| &nbsp;&nbsp;&nbsp; NT21NY9C, 12.000%, 2/07/2027 †‡§∑ | Unchained | 2/13/2026 | 185505 | 185505 | 185505 |
| &nbsp;&nbsp;&nbsp; P49CR5FB, 13.000%, 5/03/2026 †‡§#∑ | Unchained | 5/12/2025 | 598000 | 598000 | 599138 |
| &nbsp;&nbsp;&nbsp; PERK6QB2, 12.000%, 2/06/2027 †‡§∑ | Unchained | 2/12/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp; PQA85XXQ, 13.000%, 7/11/2026 †‡§#∑ | Unchained | 7/17/2025 | 150000 | 150000 | 150554 |
| &nbsp;&nbsp;&nbsp; Q221DYB5, 13.000%, 6/05/2026 †‡§#∑ | Unchained | 6/12/2025 | 177938 | 177938 | 178427 |
| &nbsp;&nbsp;&nbsp; Q477BQHD, 13.000%, 9/06/2026 †‡§∑ | Unchained | 9/12/2025 | 289136 | 289136 | 290610 |
| &nbsp;&nbsp;&nbsp; Q5XTB2CA, 13.000%, 10/25/2026 †‡§∑ | Unchained | 10/31/2025 | 547000 | 547000 | 550437 |
| &nbsp;&nbsp;&nbsp; QCX3DYFY, 13.000%, 7/10/2026 †‡§#∑ | Unchained | 7/17/2025 | 150000 | 150000 | 150550 |
| &nbsp;&nbsp;&nbsp; QER28CJR, 12.000%, 1/31/2027 †‡§∑ | Unchained | 2/09/2026 | 361115 | 361115 | 361115 |
| &nbsp;&nbsp;&nbsp; R5RX7EN6, 13.000%, 6/05/2026 †‡§#∑ | Unchained | 6/11/2025 | 150000 | 150000 | 150412 |
| &nbsp;&nbsp;&nbsp; T76RJR6L, 13.000%, 9/20/2026 †‡§∑ | Unchained | 9/26/2025 | 102483 | 102483 | 103044 |
| &nbsp;&nbsp;&nbsp; T9EE7852, 13.000%, 5/02/2026 †‡§#∑ | Unchained | 5/08/2025 | 1611396 | 1611396 | 1614419 |
| &nbsp;&nbsp;&nbsp; TKEU5PPC, 13.000%, 6/07/2026 †‡§#∑ | Unchained | 6/13/2025 | 450000 | 450000 | 451261 |
| &nbsp;&nbsp;&nbsp; UC8M2769, 13.000%, 9/18/2026 †‡§∑ | Unchained | 9/24/2025 | 1859051 | 1859051 | 1869136 |
| &nbsp;&nbsp;&nbsp; UDBU9HNB, 13.000%, 5/24/2026 †‡§#∑ | Unchained | 5/30/2025 | 300000 | 300000 | 300727 |
| &nbsp;&nbsp;&nbsp; ULFF35TC, 14.000%, 3/21/2026 †‡§#∑ | Unchained | 3/28/2025 | 2113479 | 2113479 | 2116805 |
| &nbsp;&nbsp;&nbsp; UM742WCA, 12.000%, 2/06/2027 †‡§∑ | Unchained | 2/12/2026 | 175000 | 175000 | 175000 |
| &nbsp;&nbsp;&nbsp; W37AB26H, 13.000%, 7/18/2026 †‡§#∑ | Unchained | 7/25/2025 | 423500 | 423500 | 425144 |
| &nbsp;&nbsp;&nbsp; WB1NCP3J, 13.000%, 5/14/2026 †‡§#∑ | Unchained | 5/20/2025 | 193098 | 193098 | 193523 |
| &nbsp;&nbsp;&nbsp; WBLN3NEM, 12.000%, 1/17/2027 †‡§∑ | Unchained | 1/23/2026 | 95192 | 95192 | 95192 |
| &nbsp;&nbsp;&nbsp; WHK6226E, 13.000%, 9/19/2026 †‡§#∑ | Unchained | 9/25/2025 | 150000 | 150000 | 150818 |
| &nbsp;&nbsp;&nbsp; WYQACY5Q, 13.000%, 6/01/2026 †‡§#∑ | Unchained | 6/09/2025 | 384761 | 384761 | 385777 |
| &nbsp;&nbsp;&nbsp; X11CL8AJ, 12.000%, 2/14/2027 †‡§∑ | Unchained | 2/23/2026 | 1800000 | 1800000 | 1800000 |
| &nbsp;&nbsp;&nbsp; X15FN21T, 12.000%, 1/07/2027 †‡§#∑ | Unchained | 1/13/2026 | 200000 | 200000 | 200000 |
| &nbsp;&nbsp;&nbsp; X1QK5D6R, 13.000%, 7/05/2026 †‡§#∑ | Unchained | 7/14/2025 | 738269 | 738269 | 740874 |
| &nbsp;&nbsp;&nbsp; X8EQXEK2, 13.000%, 8/30/2026 †‡§#∑ | Unchained | 9/05/2025 | 4000000 | 4000000 | 4019632 |
| &nbsp;&nbsp;&nbsp; XCEFMK7A, 13.000%, 6/18/2026 †‡§∑ | Unchained | 6/25/2025 | 76767 | 76767 | 77005 |
| &nbsp;&nbsp;&nbsp; XCY52B68, 13.000%, 8/09/2026 †‡§∑ | Unchained | 8/15/2025 | 485506 | 485506 | 487648 |
| &nbsp;&nbsp;&nbsp; XPPPR99U, 13.000%, 7/26/2026 †‡§∑ | Unchained | 8/01/2025 | 153156 | 153156 | 153774 |
| &nbsp;&nbsp;&nbsp; XRWJJTTE, 12.000%, 1/07/2027 †‡§#∑ | Unchained | 1/13/2026 | 10000000 | 10000000 | 10000000 |
| &nbsp;&nbsp;&nbsp; YU53JRYC, 13.000%, 6/25/2026 †‡§#∑ | Unchained | 7/01/2025 | 500000 | 500000 | 501616 |
| **Total Small Business Loans** |  |  |  | **120251785** | **107713439** |
| **Total Loan Participations** |  |  |  | **309320750** | **207226796** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6355** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORIGINAL<br>ACQUISITION DATE** | **SHARES** | **COST** | **FAIR<br>VALUE** |
| **Other - 10.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 10.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MDOF Investments II, LLC ‡//• | 1/18/2018 | 36561515 | $16027809 | $21708363 |
| &nbsp;&nbsp;&nbsp; PFMP K1508, LLC ‡//•# | 11/16/2018 | 10059203 | 12459203 | 18384552 |
| &nbsp;&nbsp;&nbsp; PFMP K1512, LLC ‡//•# | 7/25/2019 | 9406640 | 11806640 | 19030300 |
| &nbsp;&nbsp;&nbsp; PFMP KF61, LLC ‡//• | 5/16/2019 | 10000000 | 4408268 | 4316140 |
| &nbsp;&nbsp;&nbsp; Unison Midgard Fund LP ‡//ƒ# | 4/11/2019 | 382219 | 40595066 | 87222436 |
| **Total Other** |  |  | **85296986** | **150661791** |
| **Total Other Loan Investments** |  |  | **394617736** | **357888587** |
| **Asset-Backed Securities - 13.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 13.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ACHV ABS TRUST 2024-2PL CERT 10/27/2031 x//÷ | 8/28/2024 | 5083 | $1685 | $821327 |
| &nbsp;&nbsp;&nbsp; ACHV ABS TRUST 2025-1PL CERT 4/26/2032 x//÷ | 3/12/2025 | 19350 | 1467949 | 3782315 |
| &nbsp;&nbsp;&nbsp; ACHM Trust 2025-HE3 XS 11/25/2055 x//÷ | 12/08/2025 | 58548075 | 5818519 | 5640072 |
| &nbsp;&nbsp;&nbsp; ACHM Trust 2025-HE3 G 11/25/2055 x//÷ | 12/08/2025 | 605585 | 12287 | 2417 |
| &nbsp;&nbsp;&nbsp; AFFIRM ASSET SEC TR 2024-X1 CERT 5/15/2029 x//÷ | 5/02/2024 | 9072 |  | 45200 |
| &nbsp;&nbsp;&nbsp; AFFIRM ASSET SEC TR 2025-X1 CERT 4/15/2030 x//÷ | 5/02/2025 | 60000 | 237856 | 1369661 |
| &nbsp;&nbsp;&nbsp; AFFIRM ASSET SEC TR 2025-X2 CERT 10/15/2030 x//÷ | 11/05/2025 | 34715 | 3355994 | 2641091 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-1HS CERT 9/15/2037 x//÷ | 9/11/2025 | 39261 | 5590600 | 5987944 |
| &nbsp;&nbsp;&nbsp; BEAST 2024-B CERT 12/15/2034 x//÷ | 12/06/2024 | 11935 | 467447 | 2222913 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-A CERT 1/15/2035 x//÷ | 1/16/2025 | 1830 | 213177 | 184671 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-B CERT 2/15/2025 x//÷ | 2/18/2025 | 1766 | 138041 | 242250 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-C CERT 3/15/2035 x//÷ | 3/14/2025 | 2002 | 84391 | 166315 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-D CERT 4/15/2035 x//÷ | 4/16/2025 | 33106 | 2668076 | 5044087 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-E CERT 6/15/2035 x//÷ | 6/12/2025 | 36046 | 5260482 | 8213920 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-F CERT 8/15/2035 x//÷ | 8/14/2025 | 40475 | 6214960 | 8146448 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-G CERT 9/15/2035 x//÷ | 9/17/2025 | 10792 | 1990849 | 1780532 |
| &nbsp;&nbsp;&nbsp; BEAST 2025-H CERT 11/15/2035 x//÷ | 11/13/2025 | 5034 | 708246 | 872606 |
| &nbsp;&nbsp;&nbsp; CBSLT 2016-B CERT 10/25/2040 x//&# | 10/20/2016 | 100000 | 3084075 | 1851762 |
| &nbsp;&nbsp;&nbsp; CBSLT 2017-AGS R CERT 5/25/2041 x//&# | 6/07/2017 | 100000 | 3572005 | 2217759 |
| &nbsp;&nbsp;&nbsp; CBSLT 2017-BGS R CERT 9/25/2042 x//&# | 10/25/2017 | 100000 | 4606914 | 2340258 |
| &nbsp;&nbsp;&nbsp; CBSLT 2018-AGS R CERT 2/25/2044 x//&# | 3/14/2018 | 100000 | 4930591 | 2339178 |
| &nbsp;&nbsp;&nbsp; CBSLT 2018-BGS R CERT 9/25/2045 x//&# | 8/01/2018 | 100000 | 5001483 | 2342713 |
| &nbsp;&nbsp;&nbsp; CBSLT 2018-CGS R CERT 2/25/2046 x//&# | 12/12/2018 | 100000 | 7352263 | 3840206 |
| &nbsp;&nbsp;&nbsp; CBSLT 2019-AGS R CERT 1/25/2047 x//&# | 10/29/2019 | 100000 | 4513919 | 2313639 |
| &nbsp;&nbsp;&nbsp; CBSLT 2020-AGS R CERT 08/25/2050 x//& | 6/08/2020 | 100000 | 4614191 | 3397326 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2025-P8 7/16/2040 x//÷ | 5/27/2025 | 323400 | 8004329 | 8288546 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2025-P9 8/15/2040 x//÷ | 6/23/2025 | 547500 | 11312396 | 11074917 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2025-P10 9/17/2040 x//÷ | 7/21/2025 | 697200 | 13288326 | 11675883 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2025-P12 10/15/2040 x//÷ | 8/22/2025 | 687300 | 11821764 | 10587462 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2025-P13 10/15/2040 x//÷ | 9/9/2025 | 645235 | 11192930 | 9739906 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2025-P15 12/17/2040 x//÷ | 10/21/2025 | 491647 | 8887210 | 8551889 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2025-P17 1/15/2041 x//÷ | 12/12/2025 | 333333 | 6003912 | 5700123 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2026-P2 3/15/2041 x//÷ | 1/20/2026 | 328000 | 4881504 | 4959902 |
| &nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer Trust Series 2026-P3 4/15/2041 x//÷ | 2/23/2026 | 350000 | 5345650 | 5345650 |
| &nbsp;&nbsp;&nbsp; PAR 2025-1 Issuer Trust 6/15/2032 x//÷ | 9/02/2025 | 6869357 | 6750001 | 6764977 |
| &nbsp;&nbsp;&nbsp; PAR 2026-1 Issuer Trust B 12/15/2032 x//÷ | 2/20/2026 | 3750000 | 3749910 | 3750708 |
| &nbsp;&nbsp;&nbsp; PAR 2026-1 Issuer Trust 12/15/2032 x//÷ | 2/20/2026 | 9698106 | 9974262 | 9978254 |
| &nbsp;&nbsp;&nbsp; PROSPER MARKETPLACE ISS 2023-1 D 7/16/2029 x//÷ | 9/22/2023 | 700000 | 699896 | 710184 |
| &nbsp;&nbsp;&nbsp; UPGRADE 2025-2 Mtge 2025-ST2 6/15/2032 x//÷ | 4/24/2025 | 9807000 | 7126812 | 5591672 |
| &nbsp;&nbsp;&nbsp; UPGRADE 2025-4 Mtge 2025-ST4 8/16/2032 x//÷ | 6/27/2025 | 5461000 | 4149144 | 3238531 |
| &nbsp;&nbsp;&nbsp; UPGRADE 2025-7 Mtge 2025-ST7 11/15/2032 x//÷ | 10/16/2025 | 11200000 | 10199632 | 8704111 |
| &nbsp;&nbsp;&nbsp; UPGRADE 2025-8 Mtge 2025-ST8 12/15/2033 x//÷ | 11/18/2025 | 6000000 | 5558529 | 4986642 |
| **Total Asset-Backed Securities** |  |  | **200852207** | **187455967** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6356** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORIGINAL<br>ACQUISITION DATE** | **SHARES** | **COST** | **FAIR<br>VALUE** |
| **Equity Securities - 1.28%** |  |  |  |  |
| **Financial Services - 1.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 1.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Common Stock ‡//# | 3/28/2025 | 2521046 | $1722964 | $2127269 |
| &nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series A Preferred ‡//# | 12/14/2016 | 3129118 | 2389664 | 2640362 |
| &nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series B Preferred ‡//# | 12/07/2016 | 4979900 | 4371356 | 4202060 |
| &nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series B-2 Preferred ‡//# | 10/16/2020 | 1111976 | 1000000 | 938290 |
| &nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series Seed Preferred ‡//# | 12/14/2016 | 555556 | 424270 | 468780 |
| &nbsp;&nbsp;&nbsp; Upgrade, Inc. Series C ‡//# | 8/25/2021 | 1111112 | 3500003 | 5222226 |
| &nbsp;&nbsp;&nbsp; Upgrade, Inc. Series E ‡//# | 7/29/2021 | 512088 | 1649999 | 2406814 |
| &nbsp;&nbsp;&nbsp; Upgrade, Inc. Series F ‡//# | 11/22/2021 | 53226 | 299995 | 250162 |
| **Total Equity Securities** |  |  | **15358251** | **18255963** |
|  |  | **PRINCIPAL** <br>**AMOUNT** |  |  |
| **Loan Notes - 5.28%** |  |  |  |  |
| **Financial Services - 5.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 5.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Prosper Marketplace, Inc.- SOFR+7.00%, 11/18/2030 ‡ // | 11/14/2025 | $75000000 | $75000000 | $75000000 |
| **Total Loan Note** |  |  | **75000000** | **75000000** |
|  |  | **SHARES** |  |  |
| **Short-Term Investments - 10.59%** |  |  |  |  |
| **Cash and Cash Equivalents - 10.59%** |  |  |  |  |
| **Money Market Funds - 5.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 5.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Short-Term Investments Trust - Invesco Treasury Portfolio - Institutional Class - 3.57% ~= | &nbsp;&nbsp;&nbsp; Short-Term Investments Trust - Invesco Treasury Portfolio - Institutional Class - 3.57% ~= | 81540397 | $81540397 | $81540397 |
| **Total Money Market Funds** |  |  | **81540397** | **81540397** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6357** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | |
|:---|:---|:---|:---|
|  | **PRINCIPAL** <br>**AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **U.S. Treasury Bill - 4.85%** |  |  |  |
| &nbsp;&nbsp;&nbsp; **United States - 4.85%** |  |  |  |
| &nbsp;&nbsp;&nbsp; United States Treasury Bill - 1.20%, 3/3/2026 ₽ | $69000000 | $68985643 | $68993121 |
| **Total U.S. Treasury Bills** |  | **68985643** | **68993121** |
| **Total Short-Term Investments** |  | **150526040** | **150533518** |
| **Total Investments - 150.71%** |  | **2418149348** | **2141625018** |
| **Liabilities in Excess of Other Assets - (50.71)%** |  |  | **(720631699)** |
| **Total Net Assets - 100.00%** |  |  | $**1420993319** |

---

---

| |
|:---|
| Percentages are stated as a percent of net assets. |
| Principal amounts are stated in U.S. Dollars unless otherwise stated. |
| SOFR - Secured Overnight Financing Rate. |

---

---

| |
|:---|
| Security may be deemed restricted to resale to institutional investors. The aggregate value of these securities is $1,559,717,779 which represents 109.76% of net assets. |
| Security is pledged as collateral for the Fund's financing facilities (See Note 9). |
| Security is fair valued by the Adviser pursuant to procedures approved by the Board of Trustees. The aggregate value of these securities is $335,737,191 which represents 23.63% of net assets. Value is determined using significant unobservable inputs. |
| Security is fair valued by a third-party valuation specialist pursuant to procedures approved by the Board of Trustees. Value is determined using significant unobservable inputs. |
| Rate of return to the Fund is implied based on an 18-month final maturity. |
| ¥Rate of return to the Fund is implied based on an 9-month final maturity. |
| Security is restricted to resale to institutional investors. The aggregate value of these securities is $431,373,721 which represents 30.36% of net assets. |
| Underlying holdings are student loans. |
| Underlying holdings are consumer loans. |
| Underlying holdings are multi-family residential property loans. |
| Underlying holdings are appreciation interests in single family homes. |
| Non-income producing security. |
| Delinquent or defaulted loans that have matured but are still in repayment process. The aggregate value of these securities is $13,690,596 which represents 0.96% of net assets. |
| Loan made to professional athlete and references expected maturity date. |
| Loan collateralized by Bitcoin. |
| Rate shown is 7-day effective yield. |
| Rate shown is the yield to maturity. The calculation assumes the security is held to maturity. |
| Rate shown is the effective yield as of February 28, 2026. The calculation assumes the security is held to maturity. |
| Security is pledged as collateral for the Fund's reverse repurchase agreements. |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6358** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| |
|:---|
| **Open Risk Share Contracts** |
| **Description: Consumer Loans - United States** |
| **Type: Receive** |
| **Strike: Actual losses greater than expected losses** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **REFERENCE ENTITY<br> INVESTMENT**  | **REFERENCE ENTITY<br> VINTAGE** | **REFERENCE ENTITY<br> INTEREST RATE<br> RANGE** | **REFERENCE ENTITY<br> MATURITY DATE<br> RANGE** | **TERMINATION DATE** | **NOTIONAL<br>VALUE** | **UNREALIZED<br>APPRECIATION/<br>(DEPRECIATION)** |
| contract 037<sup>(1)(2)(3)(4)</sup> D | September 1, 2024 -<br> September 30, 2024 | 6.000% - 32.390% | September 3, 2027 -<br> July 19, 2030 | 3/31/2026 | $11694586 | $- |
| contract 038<sup>(1)(2)(3)(4)</sup> E | July 1, 2024 -<br> September 30, 2024 | 7.220% - 17.580% | July 3, 2027 -<br> October 24, 2029 | 9/30/2027 | 16670230 | 470196 |
| contract 039<sup>(1)(2)(3)</sup> F | July 1, 2024 -<br> September 30, 2024 | 8.250% - 26.400% | August 6, 2026 -<br> August 17, 2030 | 9/30/2027 | 8612128 | 458852 |
| contract 041<sup>(1)(2)(3)(4)</sup> D | October 1, 2024 -<br> October 31, 2024 | 6.000% - 32.390% | October 1, 2027 -<br> August 15, 2030 | 4/30/2026 | 12733336 | 607008 |
| contract 042<sup>(1)(2)(3)(4)</sup> D | November 1, 2024 -<br> November 30, 2024 | 6.000% - 32.390% | November 20, 2027 -<br> October 1, 2030 | 5/30/2026 | 16029481 | 714 |
| contract 043<sup>(1)(2)(3)(4)</sup> D | December 1, 2024 -<br> December 31, 2024 | 6.000% - 32.390% | December 16, 2027 -<br> October 24, 2030 | 6/30/2026 | 12040757 | 352221 |
| contract 044<sup>(1)(2)(3)(4)</sup> E | October 1, 2024 -<br> December 31, 2024 | 7.510% - 18.070% | September 27, 2027 -<br> December 25, 2029 | 12/31/2027 | 27574361 | 501633 |
| contract 045<sup>(1)(2)(3)</sup> F | October 1, 2024 -<br> December 31, 2024 | 7.990% - 25.480% | November 20, 2026 -<br> November 26, 2030 | 12/31/2027 | 9163969 | 150831 |
| contract 046<sup>(1)(2)(3)(4)</sup> D | January 1, 2025 -<br> January 31, 2025 | 8.590% - 32.390% | January 27, 2028 -<br> December 4, 2030 | 7/31/2026 | 14272781 | 474184 |
| contract 047<sup>(1)(2)(3)(4)</sup> D | February 1, 2025 -<br> February 28, 2025 | 6.000% - 32.390% | February 3, 2028 -<br> December 3, 2030 | 8/30/2026 | 12202187 | 313757 |
| contract 048<sup>(1)(2)(3)</sup> F | January 1, 2025 -<br> March 31, 2025 | 8.000% - 23.700% | January 22, 2027 -<br> February 26, 2031 | 3/31/2028 | 14270877 | 277165 |
| contract 049<sup>(1)(2)(3)(4)</sup> E | January 1, 2025 -<br> March 31, 2025 | 6.730% - 17.580% | January 6, 2028 -<br> March 31, 2030 | 3/31/2028 | 13814699 | 94156 |
| contract 051<sup>(1)(2)(3)(4)</sup> D | April 1, 2025 -<br> April 30, 2025 | 9.740% - 32.390% | April 1, 2028 -<br> September 16, 2030 | 10/31/2026 | 3464178 | 93534 |
| contract 052<sup>(1)(2)(3)(4)</sup> D | May 1, 2025 -<br> May 31, 2025 | 6.000% - 32.600% | May 1, 2028 -<br> March 19, 2031 | 11/30/2026 | 23674392 | 637487 |
| contract 053<sup>(1)(2)(3)(4)</sup> D | June 1, 2025 -<br> June 30, 2025 | 6.000% - 32.390% | June 2, 2028 -<br> April 27, 2031 | 6/30/2027 | 50456879 | 500707 |
| contract 054<sup>(1)(2)(3)</sup> F | April 1, 2025 -<br> June 30, 2025 | 7.990% - 25.180% | April 4, 2027 -<br> May 24, 2031 | 6/30/2028 | 8440375 | 151979 |
| contract 055<sup>(1)(2)(3)</sup> F | July 1, 2025 -<br> July 31, 2025 | 8.000% - 23.740% | July 23, 2027 -<br> August 15, 2030 | 7/31/2028 | 1134614 |  |
| contract 056<sup>(1)(2)(3)(4)</sup> D | July 1, 2025 -<br> July 31, 2025 | 6.000% - 32.390% | July 22, 2028 -<br> May 28, 2031 | 7/31/2027 | 27685747 | 211897 |
| contract 057<sup>(1)(2)(3)</sup> F | August 1, 2025 -<br> August 31, 2025 | 8.000% - 21.260% | August 20, 2028 -<br> September 15, 2030 | 8/31/2028 | 1993565 | 43031 |
| contract 058<sup>(1)(2)(3)(4)</sup> D | August 1, 2025 -<br> August 31, 2025 | 6.000% - 32.390% | August 1, 2028 -<br> June 27, 2031 | 8/31/2027 | 35911714 | 123528 |
| contract 059<sup>(1)(2)(3)(4)</sup> E | June 1, 2025 -<br> September 30, 2025 | 5.930% - 19.460% | August 8, 2027 -<br> October 16, 2030 | 9/30/2028 | 35437760 | 607007 |
| contract 060<sup>(1)(2)(3)(4)</sup> E | June 1, 2025 -<br> September 30, 2025 | 12.250% - 28.840% | June 10, 2028 -<br> September 1, 2030 | 9/30/2028 | 11817482 | 207440 |
| contract 061<sup>(1)(2)(3)(4)</sup> E | June 1, 2025 -<br> September 30, 2025 | 20.380% - 30.380% | June 15, 2028 -<br> October 16, 2030 | 9/30/2028 | 12365059 | 203316 |
| contract 062<sup>(1)(2)(3)</sup> F | September 1, 2025 -<br> September 30, 2025 | 8.170% - 22.160% | September 17, 2028 -<br> September 30, 2030 | 9/30/2028 | 1185700 | 27619 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6359** 

<u>Consolidated Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| |
|:---|
| **Open Risk Share Contracts** |
| **Description: Consumer Loans - United States** |
| **Type: Receive** |
| **Strike: Actual losses greater than expected losses** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **REFERENCE ENTITY<br> INVESTMENT**  | **REFERENCE ENTITY<br> VINTAGE** | **REFERENCE ENTITY<br> INTEREST RATE<br> RANGE** | **REFERENCE ENTITY<br> MATURITY DATE<br> RANGE** | **TERMINATION DATE** | **NOTIONAL<br>VALUE** | **UNREALIZED<br>APPRECIATION/<br>(DEPRECIATION)** |
| contract 063<sup>(1)(2)(3)(4)</sup> D | September 1, 2025 -<br> September 30, 2025 | 9.560% - 32.960% | September 16, 2028 -<br> August 1, 2031 | 9/30/2027 | $18843575 | $9281 |
| contract 064<sup>(1)(2)(3)(4)</sup> D | October 1, 2025 -<br> October 31, 2025 | 9.070% - 32.390% | October 28, 2028 -<br> March 28, 2031 | 10/31/2027 | 3365276 | (2759) |
| contract 065<sup>(1)(2)(3)(4)</sup> E | November 1, 2025 -<br> November 30, 2025 | 9.130% - 32.380% | November 21, 2028 -<br> November 21, 2030 | 11/30/2027 | 691706 | (2878) |
| contract 067<sup>(1)(2)(3)(4)</sup> D | December 1, 2025 -<br> December 31, 2025 | 7.560% - 32.370% | January 1, 2029 -<br> January 15, 2031 | 12/31/2028 | 660715 |  |
| contract 068<sup>(1)(2)(3)</sup> F | October 1, 2025 -<br> December 31, 2025 | 6.000% - 30.250% | October 24, 2027 -<br> November 24, 2031 | 12/31/2028 | 51573906 | 645872 |
| contract 069<sup>(1)(2)(3)(4)</sup> E | October 1, 2025 -<br> December 31, 2025 | 6.480% - 18.800% | October 19, 2028 -<br> December 7, 2030 | 12/31/2028 | 13156817 | 256544 |
| contract 071<sup>(1)(2)(3)(4)</sup> E | October 1, 2025 -<br> December 31, 2025 | 6.000% - 30.740% | October 19, 2028 -<br> January 17, 2031 | 12/31/2028 | 10707599 | 153397 |
| contract 072<sup>(1)(2)(3)(4)</sup> E | January 1, 2026 -<br> January 31, 2026 | 6.480% - 19.510% | January 8, 2029 -<br> February 8, 2031 | 1/31/2029 | 21152289 | 284151 |
| contract 074<sup>(1)(2)(3)(4)</sup> E | January 1, 2026 -<br> January 31, 2026 | 21.470% - 30.380% | January 4, 2029 -<br> February 16, 2031 | 1/31/2029 | 5801537 | 80247 |
| contract 075<sup>(1)(2)(3)(4)</sup> D | January 1, 2026 -<br> January 31, 2026 | 8.720% - 34.790% | January 28, 2029 -<br> January 28, 2031 | 1/31/2028 | 5436970 | (338846) |
| contract 076<sup>(1)(2)(3)</sup> G | January 1, 2026 -<br> January 31, 2026 | 6.990% - 24.740% | January 18, 2028 -<br> April 13, 2031 | 1/31/2027 | 1760107 |  |
| contract 077<sup>(1)(2)(3)</sup> G | January 1, 2026 -<br> January 31, 2026 | 6.990% - 24.740% | January 18, 2028 -<br> April 13, 2031 | 1/31/2028 | 1760107 |  |
| contract 078<sup>(1)(2)(3)</sup> G | January 1, 2026 -<br> January 31, 2026 | 6.990% - 24.740% | January 18, 2028 -<br> April 13, 2031 | 3/31/2030 | 1760107 | - |
| **Total Open Risk Share Contracts - Consumer Loans** | **Total Open Risk Share Contracts - Consumer Loans** |  |  |  |  | **7593271** |
| **Description: **Asset-Backed Securities - United States** | **Description: **Asset-Backed Securities - United States** | **Description: **Asset-Backed Securities - United States** |  |  |  |  |
| **Type: **Receive** | **Type: **Receive** | **Type: **Receive** |  |  |  |  |
| **Strike: **Actual losses greater than expected losses** | **Strike: **Actual losses greater than expected losses** | **Strike: **Actual losses greater than expected losses** |  |  |  |  |
| Contract 066<sup>(1)(2)(3)</sup> F | September 1, 2025 -<br> November 30, 2025 | 0.000% - 0.000% | June 15, 2032 -<br> June 15, 2032 | 10/31/2028 | 6869357 | 316933 |
| **Total Open Risk Share Contracts - Asset-Backed Securities** | **Total Open Risk Share Contracts - Asset-Backed Securities** | **Total Open Risk Share Contracts - Asset-Backed Securities** |  |  |  | **316933** |
| **Total Open Risk Share Contracts** | **Total Open Risk Share Contracts** | **Total Open Risk Share Contracts** |  |  |  | $**7910204** |

---

(1) Contract is non-income producing and is fair valued by a third-party valuation specialist pursuant to procedures approved by the Board of Trustees. Value is determined using significant unobservable inputs.

(2) Contract is restricted to resale to institutional investors. The aggregate net value of these contracts is $7,910,204 which represents 0.56% of net assets.

(3) If the current expected losses of whole loan vintages are more than initial expected losses, the Fund will receive from the alternative lending platform an amount equal to such deficit (subject to a Cap.)

(4) If the current expected losses of select whole loan vintages are less than initial expected losses, the Fund must pay the alternative lending platform an amount equal to such deficit (subject to a Cap.)

---

| | | |
|:---|:---|:---|
| **DESCRIPTION** | **PRINCIPAL<br>VALUE** | **AMORTIZED COST** |
| **REVERSE REPURCHASE AGREEMENTS SOLD** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreement with Goldman Sachs, dated 07/10/2025, 5.57%, collateralized by $425,784,372 of Whole Loans, due 09/10/2026 | $290000000 | $290000000 |
| **TOTAL REVERSE REPURCHASE AGREEMENTS SOLD** | $290000000 | $290000000 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

Stone Ridge Funds \| Annual Report \| February 28, 2026

 **6360** 

------

<u>Consolidated Statement of Assets and Liabilities</u>   <u>As of February 28, 2026</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
| **ASSETS:** |  |
|  Investments, at fair value<sup>(1)</sup> | $2141625018 |
|  Cash | 1764309 |
|  Foreign currencies, at fair value<sup>(2)</sup> | 14509 |
|  Interest receivable | 23391053 |
|  Collateral receivable | 20000000 |
|  Principal paydowns receivable | 6080501 |
|  Unrealized appreciation on risk share contracts | 8254687 |
|  Receivable for fund shares sold | 25987 |
|  Other assets | 327990 |
| **Total assets** | **2201484054** |
| **LIABILITIES:** |  |
|  Loans payable | $480000000 |
|  Reverse repurchase agreements | 290000000 |
|  Payable to Adviser for advisory fees | 1627075 |
|  Interest payable on reverse repurchase agreement | 1253138 |
|  Interest payable | 912667 |
|  Payable for investment securities purchased | 517587 |
|  Risk share contracts payable | 398146 |
|  Unrealized depreciation on risk share contracts | 344483 |
|  Accrued service fees | 123315 |
|  Accrued distribution and service fees | 54236 |
|  Payable to Trustees | 13505 |
|  Payable for Chief Compliance Officer compensation | 3750 |
|  Other accrued expenses and liabilities | 5242833 |
| **Total liabilities** | **780490735** |
| **Total net assets** | $**1420993319** |
| **NET ASSETS CONSIST OF:** |  |
|  Capital stock | 1449317336 |
|  Accumulated loss | (28324017) |
| **Total net assets** | $**1420993319** |
|  Net assets | $1420993319 |
|  Shares outstanding | 30801011 |
|  Net asset value, offering and redemption price per share | $46.13 |
| (1) Cost of investments | $2418149348 |
| (2) Cost of foreign currencies | $40071 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6361** 

------

<u>Consolidated Statement of Operations</u>   <u>For the Year Ended February 28, 2026</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
| **INVESTMENT INCOME:** |  |
|  Interest income | $348501929 |
|  PIK interest income | 12765220 |
|  Dividend income | 2040188 |
|  Other income | 151000 |
| **Total investment income** | **363458337** |
| **EXPENSES** |  |
|  Interest expense | 42056630 |
|  Loan servicing fees | 27298412 |
|  Advisory fees (See Note 4) | 23659703 |
|  Interest expense on reverse repurchase agreement | 8371872 |
|  Fund accounting and administration fees | 5213922 |
|  Commitment fees (See Note 2) | 3844119 |
|  Distribution and service fees (See Note 5) | 977512 |
|  Service fees (See Note 5) | 977512 |
|  Legal fees | 924670 |
|  Audit and tax related fees | 911176 |
|  Custody fees | 856910 |
|  Trustees fees and expenses | 180814 |
|  Transfer agency fees and expenses | 173157 |
|  Chief Compliance Officer compensation | 61127 |
|  Other expenses | 1626260 |
| **Total net expenses** | **117133796** |
| **Net investment income** | **246324541** |
| **NET REALIZED AND UNREALIZED LOSS:** |  |
| Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (215714252) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | 242207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (220092) |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | 3614371 |
| Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | 36404336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | (9962) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (133591) |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | (981464) |
| **Net realized and unrealized loss** | **(176798447)** |
| **Net increase in net assets resulting from operations** | $**69526094** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6362** 

------

<u>Consolidated Statements of Changes in Net Assets</u>    

---

| | | |
|:---|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
|  | **YEAR ENDED<br>FEBRUARY 28, 2026** | **YEAR ENDED<br>FEBRUARY 28, 2025** |
| **OPERATIONS:** |  |  |
|  Net investment income | $246324541 | $263955475 |
|  Net realized gain (loss) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (215714252) | (292322626) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | 242207 | 499903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (220092) | (931708) |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase in payments from affiliates |  | 50058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | 3614371 | 4722512 |
|  Net change in unrealized appreciation (depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | 36404336 | 82763922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | (9962) | (236106) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (133591) | 905669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | (981464) | 267935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase in net assets resulting from operations** | **69526094** | **59675034** |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |
|  Distributions | (67055420) |  |
|  Return of capital distributions |  | (70599986) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total distributions** | **(67055420)** | **(70599986)** |
| **CAPITAL SHARE TRANSACTIONS:** |  |  |
|  Proceeds from shares sold | 71836433 | 219562483 |
|  Proceeds from shares issued to holders in reinvestment of distributions | 14678556 | 18066125 |
|  Cost of shares redeemed | (416798445) | (372429272) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net decrease in net assets from capital share transactions** | **(330283456)** | **(134800664)** |
| **Total decrease in net assets** | **(327812782)** | **(145725616)** |
| **NET ASSETS:** |  |  |
|  Beginning of year | 1748806101 | 1894531717 |
| **End of year** | $**1420993319** | $**1748806101** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6363** 

------

<u>Consolidated Statement of Cash Flows</u>   <u>For the Year Ended February 28, 2026</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |
|  Net increase in net assets resulting from operations | $69526094 |
| Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation on investments | (36404336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized loss on investments | 215714252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized gain on foreign currencies | (232245) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized depreciation on forward currency contracts | 133591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized depreciation on risk share contracts | 981464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization and accretion of premium and discount | 28720102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIK interest income | (12765220) |
| Changes in assets and liabilities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for investment securities sold | 6423979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal paydowns receivable | 5339297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivable | 3081864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest payable on reverse repurchase agreement | 1253138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts receivable | 822974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for investment securities purchased | 517587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts payable | 398146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other accrued expenses and liabilities | 283681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid commitment fees | 233099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | 62667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for Chief Compliance Officer compensation | 1127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Trustees | (3586) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued service fees | (7922) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued distribution and service fees | (12530) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral at broker for forward currency contracts | (130000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | (217793) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Adviser for advisory fees | (375898) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest payable | (1685727) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral receivable | (20000000) |
|  Proceeds from principal paydowns and sale of investments | 1846126830 |
|  Purchases of investments | (1692849901) |
|  Net purchases and sales of short-term investments | (39971431) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by operating activities** | **374963303** |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from shares issued | 72418187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from loans payable | 684350000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paydowns on loans payable | (954350000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from reverse repurchase agreements | 290000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash distributions to shareholders | (52376864) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment on shares redeemed | (416798445) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in financing activities** | **(376757122)** |
|  Effect of exchange rate changes on cash | 232245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net decrease in cash and restricted cash** | **(1561574)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and restricted cash, beginning of year | 3325883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash and restricted cash, end of year** | $**1764309** |
| **SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reinvested distributions | $14678556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid for interest on loans outstanding and reverse repurchase agreements | $50861091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments disposed of/received through in-kind transfers (See Note 2) | $5820785 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6364** 

------

<u>Consolidated Financial Highlights</u>    

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** |
|  | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2026** | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2025** | **YEAR<br>ENDED<br>FEBRUARY 29,<br>2024** | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2023** | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2022** |
| **Per Share Data:** |  |  |  |  |  |
|  Net asset value, beginning of period | $46.09 | $46.40 | $48.79 | $51.23 | $57.09 |
| Income from investment operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income<sup>(1)</sup> | 7.19 | 6.81 | 7.13 | 7.41 | 6.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized gains (losses) | (5.16) | (5.27) | (7.60) | (7.31) | 5.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | 2.03 | 1.54<sup>(8)</sup> | (0.47) | 0.10<sup>(8)</sup> | 12.42<sup>(8)</sup> |
| Less distributions to shareholders |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from net investment income | (1.99) |  |  | (2.54) | (7.52) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  | (10.76) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax return of capital distributions |  | (1.85) | (1.92) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | (1.99) | (1.85) | (1.92) | (2.54) | (18.28) |
|  Net asset value, end of period | $46.13 | $46.09 | $46.40 | $48.79 | $51.23 |
|  Total return<sup>(2)</sup> | 4.52% | 3.40% | (0.99)% | 0.16% | 24.15%<sup>(3)</sup> |
| **Supplemental Data and Ratios:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of period (000s) | $1420993 | $1748806 | $1894532 | $2177455 | $2309392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets (before expense reimbursement/recoupment)<sup>(4)(5)</sup> | 7.43% | 6.63% | 6.83% | 5.05% | 4.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets (after expense reimbursement/recoupment)<sup>(4)(5)</sup> | 7.43% | 6.63% | 6.83% | 5.06% | 4.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income to average net assets (before expense reimbursement/recoupment)<sup>(4)(6)</sup> | 15.62% | 14.79% | 14.99% | 14.79% | 11.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income to average net assets (after expense reimbursement/recoupment)<sup>(4)(6)</sup> | 15.62% | 14.79% | 14.99% | 14.78% | 11.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover rate | 52.62% | 59.36% | 53.07% | 58.21% | 77.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior security, end of period (000's) | $480000 | $750000 | $675000 | $880000 | $645000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset coverage, per $1,000 of senior security principal amount<sup>(7)</sup> | $3960 | $3332 | $3807 | $3474 | $4580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset coverage ratio of senior security<sup>(7)</sup> | 396% | 333% | 381% | 347% | 458% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Net investment income per share has been calculated based on average shares outstanding during the period.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Total return represents the rate that an investor would have earned (or lost) on an investment in the Fund during the year (assuming the reinvestment of all distributions).

&nbsp;&nbsp;&nbsp;&nbsp;(3) As a result of equity returns relating to initial public offerings by platforms, the Fund's performance was unusually strong for the period shown and should not be extrapolated for future periods.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Includes borrowing and investment-related expenses not covered by the Fund's expense limitation agreement. (See Note 4).

&nbsp;&nbsp;&nbsp;&nbsp;(5) Does not include underlying funds' expenses.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Does not include underlying funds' net investment income.

&nbsp;&nbsp;&nbsp;&nbsp;(7) Represents value of total assets less all liabilities not represented by senior securities at the end of the period divided by senior security principal outstanding at the end of the period.

&nbsp;&nbsp;&nbsp;&nbsp;(8) Includes increase in payments by affiliates of less than $0.01.

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6365** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

**1. Organization** 

Stone Ridge Trust V (the "Trust") was organized as a Delaware statutory trust on November 4, 2015, and is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a continuously-offered closed-end management investment company issuing shares.

As of February 28, 2026, the Trust consisted of one series: the Stone Ridge Alternative Lending Risk Premium Fund (the "Fund"). The Fund commenced investment operations on May 23, 2016, and commenced offering its shares publicly on June 1, 2016, following the effectiveness of its registration statement for such shares under the Securities Act of 1933, as amended (the "1933 Act"). The Fund offers one class of shares to investors with no front-end or back-end sales charges, a 0.05% fee paid pursuant to the Distribution and Servicing Plan, a 0.05% fee paid pursuant to the Services Agreement and no repurchase fee. The Trust's Agreement and Declaration of Trust authorizes the issuance of an unlimited number of shares.

The Fund has an interval fund structure pursuant to which the Fund, subject to applicable law, conducts quarterly repurchase offers of the Fund's outstanding shares at net asset value ("NAV") subject to approval of the Board of Trustees (the "Board"). In all cases, such repurchase offers will be for at least 5% and not more than 25% of the Fund's outstanding shares. It is also possible that a repurchase offer may be oversubscribed, with the result that shareholders may only be able to have a portion of their shares repurchased. If the repurchase offer is oversubscribed, the Fund may, in its sole discretion, repurchase an additional number of shares not to exceed 2% of the shares outstanding on the repurchase request deadline. Notwithstanding the foregoing, under certain circumstances, the Fund may, in its discretion, accept shares tendered by shareholders who own fewer than 100 shares and tender all of their shares for repurchase in a repurchase offer. In that case, these shares would be accepted before prorating the shares tendered by other shareholders. In addition, if a repurchase offer is oversubscribed, the Fund may offer to repurchase additional shares in an amount determined by the Board that are tendered by an estate (an "Estate Offer"). If an Estate Offer is oversubscribed, the Fund will repurchase such shares on a pro rata basis. In addition, if a repurchase offer is oversubscribed as described above, the Fund may also offer to repurchase additional shares in an amount determined by the Board that are tendered by (i) a trust that funds a tax-qualified defined benefit plan that has terminated or that the sponsor or governing body of such plan has voted to terminate or (ii) a limited liability company that is owned by one or more such trusts (the "Defined Benefit Plan Offer"). A "tax-qualified defined benefit plan" means a defined benefit plan that is qualified under section 401(a) of the Internal Revenue Code of 1986, as amended (for example, a corporate defined benefit pension plan or a defined benefit Keogh plan). It does not include, among other things, any defined contribution plan, 401(k) plan or individual retirement account (IRA). If the Defined Benefit Plan Offer is oversubscribed, the Fund will repurchase such shares on a pro rata basis. As a result, there can be no assurance that the Fund will be able to repurchase all of the shares tendered in an Estate Offer or a Defined Benefit Plan Offer. If the Fund repurchases any shares pursuant to an Estate Offer or a Defined Benefit Plan Offer, this will not affect the number of shares that it repurchases from other shareholders in the quarterly repurchase offers. The Fund's shares are not listed, and the Fund does not currently intend to list its shares for trading, on any national securities exchange. The shares are, therefore, illiquid. Even though the Fund makes quarterly repurchase offers to repurchase a portion of the shares to try to provide liquidity to shareholders, shareholders should consider the shares to be illiquid. There is not expected to be any secondary trading market in the shares.

The Fund's investment objective is to achieve total return and current income. The Fund pursues its investment objective primarily by buying and selling alternative lending-related securities that generate interest or other streams of payments and that Stone Ridge Asset Management LLC (the "Adviser") believes offer access to the credit risk premium. The "credit risk premium" is positive if interest and other payments paid in connection with a pool of such investments, minus the principal losses actually experienced across that pool, exceed the "risk free" rate (the rate of return that can be earned on high-quality, short-term government debt securities), on average and over time.

The consolidated financial statements include the accounts of Stone Ridge Alternative Lending Risk Premium Fund AU NZ Holdings LLC, Alternative Lending Holdings Trust, Stone Ridge Alternative Lending Risk Premium Fund US Holdings I LLC (and its subsidiaries, Alternative Lending Holdings Trust II and Stone Ridge Alternative Lending Risk Premium Fund US Holdings IV LLC (and its subsidiary, Alternative Lending Holdings Trust VI)), Stone Ridge Alternative Lending Risk Premium Fund US Holdings II LLC (and its subsidiaries, Alternative Lending Holdings Trust III, Stone Ridge Alternative Lending Risk Premium Fund UK Holdings I LLC and Stone Ridge Alternative Lending Risk Premium Fund UK Holdings II LLC),

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6366** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Stone Ridge Alternative Lending Risk Premium Fund US Holdings III LLC (and its subsidiary, Alternative Lending Holdings Trust IV), Stone Ridge Alternative Lending Risk Premium Fund UK Holdings III LLC, Stone Ridge Alternative Lending Risk Premium Fund UK Holdings IV LLC, PRCP- MDOF (SR), LLC, PFMP-SR II, LLC and Platform Loan Holdings LLC (each a "Subsidiary", and together the "Subsidiaries"), each a wholly-owned subsidiary of the Fund. All intercompany accounts and transactions have been eliminated in consolidation. Each Subsidiary acts as an investment vehicle in order to invest in alternative lending instruments consistent with the Fund's investment objectives and policies.

**2. Summary of Significant Accounting Policies** 

The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its consolidated financial statements. The consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP"). The Fund is an investment company and applies specific accounting and financial reporting requirements under Financial Accounting Standards Board Accounting Standards Topic 946, *Financial Services — Investment Companies.*

**(a) Investment Valuation and Fair Value Measurement.**

The Board has approved procedures pursuant to which the Fund values its investments (the "Valuation Procedures"). The Board has established a Valuation Committee (the "Board Valuation Committee"), which has designated the Adviser to serve as valuation designee in accordance with Rule 2a-5 of the 1940 Act and, in that capacity, to bear responsibility for implementing the Valuation Procedures, including performing fair valuation determinations relating to all investments held by the Fund (as needed), periodically assessing and managing any valuation risks and establishing and applying fair value methodologies, subject to the oversight of the Board Valuation Committee and certain reporting and other requirements as described in the Valuation Procedures. A committee consisting of personnel of the Adviser (the "Adviser Valuation Committee") performs certain functions in implementing the Valuation Procedures, including with respect to the performance of fair valuation determinations.

Listed below is a summary of certain of the methods generally used currently to value investments of the Fund under the Valuation Procedures:

The Fund's holdings in whole loans, securitizations and certain other types of alternative lending-related securities are typically fair valued based on prices provided by a third-party pricing service. Each loan and fractional loan is fair valued using inputs that take into account individual borrower-level data (e.g., payment history) that is updated periodically as often as the NAV is calculated to reflect new information regarding the borrower or loan.

Other debt securities, including corporate and government debt securities (of U.S. or foreign issuers) and municipal debt securities, loans, mortgage-backed securities, collateralized mortgage obligations and other asset-backed securities are valued by a third-party pricing service, at an evaluated (or estimated) mean between the closing bid and asked prices.

For investments in investment companies that are registered under the 1940 Act, the value of the shares of such funds is calculated based upon the NAV per share of such funds. The prospectuses for such funds explain the circumstances under which they will use fair value pricing and its effects.

Publicly-traded equity securities are valued at the last sale, official close or if there are no reported sales at the mean between the bid and asked price on the primary exchange on which they are traded. The values of the Fund's investments in publicly -traded foreign equity securities generally will be the closing or final trading prices in the local trading markets but may be adjusted based on values determined by a pricing service using pricing models designed to estimate changes in the values of those securities between the times in which the trading in those securities is substantially completed and the close of the New York Stock Exchange ("NYSE").

Exchange-traded derivatives, such as options and futures contracts, are valued at the settlement price on the exchange or mean of the bid and asked prices.

Non-exchange traded derivatives, including swaps, forwards and over-the-counter ("OTC") options, are generally valued on the basis of valuations provided by a third-party pricing service or using quotes provided by a broker/dealer (typically the counterparty).

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6367** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Generally, the Fund must value its assets using market quotations when they are readily available. If, with respect to any portfolio instrument, market quotations are not readily available or available market quotations are deemed to be unreliable by the Adviser Valuation Committee, then such instruments will be valued as determined in good faith by the Adviser Valuation Committee. In these circumstances, the Fund determines fair value in a manner that seeks to reflect the market value of the security on the valuation date based on consideration by the Adviser Valuation Committee of any information or factors it deems appropriate.

Fair value pricing may require subjective determinations about the value of a portfolio instrument. Fair values may differ from quoted or published prices, or from prices that are used by others, for the same investments. Also, the use of fair value pricing may not always result in adjustments to the prices of securities or other assets or liabilities held by the Fund. It is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of such security. Thus, fair valuation may have an unintended dilutive or accretive effect on the value of shareholders' investments in the Fund.

A substantial portion of the Fund's investments are U.S. dollar denominated investments. Investments initially valued in currencies other than the U.S. dollar are converted to U.S. dollars using exchange rates obtained from third-party pricing services. As a result, the NAV of the Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. International markets are sometimes open on days when U.S. markets are closed, which means that the value of investments owned by the Fund that are traded in markets outside the U.S. or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed, and the NAV of the Fund's shares may change on days when an investor is not able to purchase or sell shares in connection with a periodic repurchase offer. The calculation of the Fund's NAV may not take place contemporaneously with the determination of the prices of foreign securities used in NAV calculations.

The Fund adheres to authoritative fair valuation accounting standards that set out a hierarchy for measuring fair valuation inputs. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period.

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to significant unobservable inputs (Level 3 measurements). Certain measurements of fair value may, in accordance with authoritative accounting standards, be excluded from the fair value hierarchy. The three levels of the fair value hierarchy are as follows:

Level 1 Inputs: quoted prices (unadjusted) in active markets for identical assets or liabilities that the Fund can access at the measurement date;

Level 2 Inputs: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly including inputs in markets that are not considered to be active or in active markets for similar assets or liabilities, observable inputs other than quoted prices and inputs that are not directly observable but are corroborated by observable market data;

Level 3 Inputs: significant unobservable inputs for the asset or liability.

Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes "observable" requires significant judgment by the Adviser. The Adviser considers observable data to be that market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the Adviser's perceived risk of that instrument.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6368** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Transfers between levels are recognized at the end of the reporting period. There were no transfers between levels during the reporting period. The following table summarizes the inputs used to value the Fund's investments as of February 28, 2026. Certain investments in the amount of $150,661,791 are valued using the NAV practical expedient and have been excluded from the below tables.

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| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
|  **Assets** |  |  |  |  |
|  Whole Loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Loans<sup>(1)</sup> | $— | $— | $1290650222 | $1290650222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Business Loans<sup>(1)</sup> |  |  | 61096119 | 61096119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Student Loans<sup>(1)</sup> |  |  | 744642 | 744642 |
|  Total Whole Loans |  |  | 1352490983 | 1352490983 |
| Loan Participations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Loans<sup>(1)</sup> |  |  | 99513357 | 99513357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Business Loans<sup>(1)</sup> |  |  | 107713439 | 107713439 |
|  Total Loan Participations |  |  | 207226796 | 207226796 |
|  Asset-Backed Securities<sup>(1)</sup> |  |  | 187455967 | 187455967 |
|  Equity Securities<sup>(1)</sup> |  |  | 18255963 | 18255963 |
|  Loan Notes<sup>(1)</sup> |  | 75000000 |  | 75000000 |
|  Money Market Funds | 81540397 |  |  | 81540397 |
|  U.S. Treasury Bill |  | 68993121 |  | 68993121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | $**81540397** | $**143993121** | $**1765429709** | $**1990963227** |
|  **Other Financial Instruments<sup>(2)</sup>** |  |  |  |  |
|  Unrealized appreciation on risk share contracts | $— | $— | $8254687 | $8254687 |
|  Unrealized depreciation on risk share contracts |  |  | (344483) | (344483) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Other Financial Instruments** | $**—** | $**—** | $**7910204** | $**7910204** |

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(1) For further security characteristics, see the Fund's Consolidated Schedule of Investments.

(2) These instruments are reflected as unrealized appreciation (depreciation) on the instrument on the Fund's
Consolidated Statement of Assets and Liabilities.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of year end, the carrying amount of Loan Notes and loans payable in the amounts of $75,000,000 and $480,000,000 respectively approximates fair value and are categorized as Level 2 within the fair value hierarchy. Reverse repurchase agreements are accounted for at amortized cost, which approximates fair value. Reverse

repurchase agreements are categorized as Level 2 within the fair value hierarchy.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6369** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Below is a reconciliation that details the activity of securities in Level 3 during the current year ended February 28, 2026:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **WHOLE LOANS** | **WHOLE LOANS** | **WHOLE LOANS** | **WHOLE LOANS** | **LOAN PARTICIPATIONS** | **LOAN PARTICIPATIONS** | | | |
|  | **CONSUMER<br>LOANS** | **HOME<br>EQUITY<br>LOANS** | **SMALL<br>BUSINESS<br>LOANS** | **STUDENT<br>LOANS** | **CONSUMER<br>LOANS** | **SMALL<br>BUSINESS<br>LOANS** | **ASSET-<br>BACKED<br>SECURITIES** | **EQUITY<br>SECURITIES** | **RISK SHARE<br>CONTRACTS** |
|  **Beginning Balance—<br>February 28, 2025** | $1611040020 | $— | $141954085 | $1490163 | $141860044 | $195023690 | $78229960 | $18837082 | $8891668 |
|  Acquisitions | 840449614 | 66939194 | 121600366 |  | 10365091 | 378066026 | 199183452 | 1246158 |  |
|  Dispositions/Paydowns | (998870010) | (69273506) | (188168609) | (643761) | (35691274) | (459471939) | (75565210) |  | (3614371) |
|  PIK interest |  |  |  |  | 12765220 |  |  |  |  |
|  Realized gains/(losses), net  | (189569024) | 2349864 | (24501876) | (123645) | (9713553) | (2300200) | (7881704) |  | 3614371 |
|  Change in unrealized appreciation/(depreciation) | 39387719 |  | 10016094 | 18620 | (20382687) | (1464541) | 12020615 | (1827277) | (981464) |
|  Amortization of premium/discount | (11788097) | (15552) | 196059 | 3265 | 310516 | (2139597) | (18531146) |  |  |
|  Transfers in/(out) of Level 3 |  |  |  |  |  |  |  |  |  |
|  **Ending Balance—February 28, 2026** | $1290650222 | $— | $61096119 | $744642 | $99513357 | $107713439 | $187455967 | $18255963 | $7910204 |
|  Change in unrealized appreciation/(depreciation) still held as of February 28, 2026 | $(69886404) | $— | $(8039637) | $(41637) | $(27085252) | $(3159833) | $2690304 | $(1827277) | $6441256 |

---

Whole loans and loan participations in the Fund are generally valued using a discounted cash flow framework that takes into account the original purchase price, the scheduled loan payments, and forecast losses. The loss forecasts are generally based on industry and platform historical loan performance, as well as evaluation of the current underwriting environment. Higher expectations of losses, due to factors such as rising delinquencies on a platform's loans or a deteriorating macroeconomic environment, would result in a markdown of fair values. Loss forecasts on select loan participations in the Fund are based on projected future earnings of professional athletes. Higher expectations of losses based on an athlete's diminished status within the professional sports league would result in a markdown of the fair value.

The value of asset-backed securities are determined by the forecast performance of loans in the underlying pool and the priority the securitization tranche has to the cash flows of the loan pool. The asset-backed tranches that the Fund holds are residual tranches so any deterioration of the loan pool will result in a markdown of fair values.

The values of equity securities are determined by the Adviser Valuation Committee using a factor change calibration approach based generally on three factors, as applicable or appropriate: (1) private market transactions; (2) company performance; and (3) public market comparables, with such factors reviewed on an ongoing basis as needed by the Adviser Valuation Committee. The value of warrants is determined by a standard option pricing model with volatility estimated from public comparables. The Fund's equity securities (including warrants) will be marked down upon negative developments, financial or managerial, at the company, or negative trends affecting the company's industry.

The value of risk share contracts held by the Fund are determined using a discounted cash flow framework that takes into account the underlying loans pertaining to each contract's actual losses as of February 28, 2026 and estimated loss forecasts through each contract's maturity date. The loss forecasts are based on industry and platform historical loan performance. Higher expectations of losses relative to initial expected losses (subject to a cap), due to factors such as rising delinquencies within each contract vintage or a deteriorating macroeconomic environment, would result in an increase in a contract's unrealized gain. For a subset of risk share contracts, lower expectations of losses relative to initial expected losses (subject to a cap), due to factors such as lower delinquencies within each contract vintage would result in an increase in a contract's unrealized depreciation.

Significant changes in discount rates, projected loss rates, default rates, prepayment rates, severity or volatility would generally result in significant changes in the fair value of the security.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6370** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

The following table summarizes the quantitative inputs used for investments categorized as Level 3 of the fair value hierarchy as of February 28, 2026:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TYPE OF SECURITY** | **INDUSTRY** | **FAIR VALUE AT<br>2/28/2026** | **VALUATION<br>TECHNIQUES** | **UNOBSERVABLE INPUTS** | **RANGE** | **WEIGHTED<br>AVERAGE** |
|  Whole Loans—<br>Consumer Loans | Financial Services | $1290650222 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 6.03%-11.56%<br>6.55%-27.49% | 9.58%<br>16.97% |
|  Whole Loans—<br>Small Business Loans | Financial Services | 61096119 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 7.91%-11.07%<br>2.13%-70.17% | 10.08%<br>54.64% |
|  Whole Loans—<br>Student Loans | Financial Services | 744642 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 8.15%-10.84%<br>0.44%-30.99% | 9.51%<br>11.85% |
|  Loan Participations—<br>Consumer Loans | Financial Services | 17704961 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 0.27%-17.71%<br>1.28%-83.49% | 8.05%<br>19.29% |
|  Loan Participations—<br>Consumer Loans | Financial Services | 81808396 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 0.00%-26.50%<br>0.00%-100.00% | 14.63%<br>51.69% |
|  Loan Participations—<br>Small Business Loans | Financial Services | 15894002 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 3.24%-14.86%<br>6.29%-47.26% | 10.58%<br>10.43% |
|  Loan Participations—<br>Small Business Loans | Financial Services | 91819437 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 12.00%-12.00%<br> 0.00%-0.00% | 12.00%<br>0.00% |
|  Asset-Backed Securities | Financial Services | 187455967 | Discounted Cash Flow | Constant Prepayment Rate Constant Default Rate<br>Severity<br>Discount Rate | 4.92%-35.22%<br>0.28%-16.02%<br>80.00%-92.13%<br>7.41%-53.74% | 15.67%<br>6.61%<br>83.01%<br>20.37% |
|  Equity Securities | Financial Services | 18255963 | Factor Change Calibration Approach | Revenue<br>Retained Earnings<br>Comparables' Stock Return | 0.76%-7.60%<br>(28.99)%-16.05%<br>(24.01)%-(23.38)% | 4.65%<br>(3.39)%<br>(23.66)% |
|  Risk share contracts | Financial Services | 7910204 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 14.50%-14.50%<br>7.09%-18.53% | 14.50%<br>16.23% |

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Certain investments are valued using the NAV practical expedient in the amount of $150,661,791 and have been excluded from the above quantitative inputs table. The following table presents additional information for investments measured using the NAV practical expedient:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **FAIR VALUE** | **UNFUNDED<br>COMMITMENTS** | **REMAINING<br>LIFE** | **REDEMPTION<br>FREQUENCY** | **NOTICE<br>PERIOD** | **REDEMPTION<br>TERMS** |
|  MDOF Investments II, LLC | $21708363 | $— | 12/2032 |  | N/A | N/A |
|  PFMP K1508, LLC | 18384552 |  | 11/2033 |  | N/A | N/A |
|  PFMP K1512, LLC | 19030300 |  | 10/2034 |  | N/A | N/A |
|  PFMP KF61, LLC | 4316140 |  | 4/2029 |  | N/A | N/A |
|  Unison Midgard Fund LP | 87222436 |  | Indefinite | Quarterly | 90 days | (1) 25% investor-<br>level gate per cycle<br>(2) Lock-up period<br>expires 12/2026 |
|  | $**150661791** | $**—** |  |  |  |  |

---

**Derivative Transactions —** The Fund engaged in derivatives and hedging activities during the year ended February 28, 2026. Further information regarding derivatives held at February 28, 2026 can be found in the Consolidated Schedule of Investments.

**Futures Contracts —** The Fund may purchase and sell a variety of futures contracts that relate to, among other things, debt securities (these are referred to as "interest rate futures"), broadly-based securities indices ("stock index futures" and "bond index futures"), foreign currencies, commodities and individual equity securities ("single stock futures"). Futures are standardized, exchange-traded contracts that obligate a purchaser to take delivery, and a seller to make delivery, of a specific amount of an asset at a specified future date at a specified price. A futures contract on an index is

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6371** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

an agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the index at the close of the last trading day of the contract and the price at which the index contract originally was written. The primary risks associated with the use of futures contracts are imperfect correlation, liquidity and unanticipated market movement. No money is paid or received by the Fund on the purchase or sale of a future. Upon entering into a futures transaction, the Fund will be required to deposit an initial margin payment with the futures commission merchant ("FCM"). As the future is marked to market (that is, its value on the Fund's books is changed to reflect changes in its market value), subsequent margin payments, called variation margin, will be paid to or by the FCM daily. The Fund did not hold futures contracts during the year ended February 28, 2026.

**Forward Currency Contracts —** The Fund enters into forward currency contracts to manage Fund exposure to foreign currencies. When entering into a forward currency contract, in the case of a deliverable contract, the Fund agrees to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date or, in the case of a non-deliverable contract, to settle the equivalent in U.S. dollars. The Fund's net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date. These instruments may involve market risk from movements in currencies or credit risk from the possible inability of counterparties to meet the terms of their contracts. The average notional amount of forward currency contracts during the year ended February 28, 2026 was $1,407,225 for long contracts and $4,802,692 for short contracts.

**Risk Share Contracts —** The Fund enters into risk share contracts with several alternative lending platforms. These contracts track performance of select whole loan vintages. At the end of the contract, if the current expected losses of the select whole loan vintage are greater than initial expected losses, the alternative lending platform must pay the Fund an amount equal to such excess (subject to a cap between 1% and 5% of purchased notional per vintage and with a weighted average of 3% ("Cap")). Accordingly, the Fund recognizes an unrealized gain throughout the life of the contract (subject to a Cap) if the vintage's current expected losses are greater than initial expected losses and recognizes a realized gain when at the contract's maturity, the vintage's actual losses are greater than initial expected losses. At the end of a subset of risk share contracts, if the current expected losses of select whole loan vintages are less than initial expected losses, the Fund must pay the alternative lending platform an amount equal to such deficit (subject to a Cap between 1% and 10% of purchased notional per vintage and with a weighted average of 8%). Accordingly, the Fund recognizes an unrealized depreciation throughout the life of the contract (subject to a Cap) if the vintage's current expected losses are less than initial expected losses and recognizes a realized loss when at the contract's maturity, the vintage's actual losses are less than the initial expected losses. The average notional amount of risk share contracts during the year ended February 28, 2026 was $535,469,684 for long contracts.

**Interest Rate Swaps —** The Fund may enter into interest rate swap contracts to manage fund exposure to interest rates or to either preserve or generate a return on a particular investment or portion of its portfolio. These are agreements between counterparties to exchange periodic interest payments based on interest rates. One cash flow stream will typically be a floating rate payment based upon a specified interest rate while the other is typically a fixed interest rate. The Fund did not hold interest rate swap contracts during the year ended February 28, 2026.

The table below reflects the values of the derivative assets and liabilities as reflected in the Consolidated Statement of Assets and Liabilities.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ASSET DERIVATIVES** | **ASSET DERIVATIVES** | **LIABILITY DERIVATIVES** | **LIABILITY DERIVATIVES** |
| **RISK EXPOSURE** | **CONSOLIDATED<br>STATEMENT OF ASSETS<br>AND LIABILITIES LOCATION** | **FAIR VALUE** | **CONSOLIDATED<br>STATEMENT OF ASSETS<br>AND LIABILITIES LOCATION** | **FAIR VALUE** |
|  **Risk share contracts** |  |  |  |  |
|  Risk share contract | Unrealized appreciation on risk share contracts | $8254687 | Unrealized depreciation on risk share contracts | $(344483) |
|  Total |  | $8254687 |  | $(344483) |

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6372** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

The table below reflects the effect of derivative instruments on the Consolidated Statement of Operations for the year ended February 28, 2026.

---

| | | |
|:---|:---|:---|
| **RISK EXPOSURE** | **AMOUNT OF REALIZED<br>GAIN (LOSS)** | **NET CHANGE IN UNREALIZED<br>DEPRECIATION** |
|  **Forward currency contracts** |  |  |
|  Foreign exchange contracts | $(220092) | $(133591) |
|  **Risk share contracts** |  |  |
|  Risk share contracts | 3614371 | (981464) |
|  Total | $3394279 | $(1115055) |

---

**(b) Use of Estimates.** The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

**(c) Offsetting on the Consolidated Statement of Assets and Liabilities.** The Fund is subject to netting arrangements, which govern the terms of certain transactions with select counterparties. The netting arrangements allow the Fund to close out and net its total exposure to a counterparty in the event of a default with respect to all the transactions governed under a single agreement with a counterparty. The netting arrangements also specify collateral posting arrangements at prearranged exposure levels. Under the netting arrangements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant netting arrangement with a counterparty in a given account exceeds a specified threshold depending on the counterparty and the type of netting arrangement.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>ASSETS** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** |
| **Assets:** | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>ASSETS** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **FINANCIAL<br>INSTRUMENTS** | **COLLATERAL<br>RECEIVED** | **NET<br>AMOUNT** |
|  Risk share contracts | $8254687 | $— | $8254687 | $— | $— | $8254687 |
|  | $8254687 | $— | $8254687 | $— | $— | $8254687 |
|  | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>LIABILITIES** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS OF<br>ASSETS &<br>LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** |
| **Liabilities:** | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>LIABILITIES** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS OF<br>ASSETS &<br>LIABILITIES** | **FINANCIAL<br>INSTRUMENTS** | **COLLATERAL<br>PLEDGED** | **NET<br>AMOUNT** |
|  Reverse Repurchase Agreements | $290000000 | $— | $290000000 | $— | $(290000000) | $— |
|  Risk share contracts | 344483 |  | 344483 |  |  | 344483 |
|  | $290344483 | $— | $290344483 | $— | $(290000000) | $344483 |

---

Actual collateral received or pledged may be more than reported in order to satisfy broker requirements.

**(d) Indemnifications.** In the normal course of business, the Fund enters into contracts that contain a variety of representations which provide general indemnifications. The Fund's maximum exposure under these arrangements cannot be known; however, the Fund expects any risk of loss to be remote.

**(e) Federal Income Taxes.** The Fund qualifies and intends to continue to qualify as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended. As a RIC, the Fund will not be subject to federal income tax to the extent it distributes substantially all of its net investment income and capital gains to shareholders. Therefore, no federal income tax provision is required.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6373** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

**(f) Reverse Repurchase Agreements.** The Fund enters into reverse repurchase agreements with banks and brokers, with the Fund as the initial seller of securities to the banks or brokers. In this case, a reverse repurchase agreement involves a sale by a fund of portfolio securities concurrently with an agreement by a fund to repurchase the same securities at a later date at a fixed price. During the reverse repurchase agreement period, an individual fund continues to receive principal and interest payments on the securities. If the buyer in a reverse repurchase agreement files for bankruptcy or becomes insolvent, a fund's use of proceeds from the sale of its securities may be restricted while the other party or its trustee or receiver determines whether to honor the fund's right to repurchase the securities. Furthermore, in that situation a fund may be unable to recover the securities it sold in connection with a reverse repurchase agreement and as a result would realize a loss equal to the difference between the value of the securities and the payment it received for them. This loss would be greater to the extent the buyer paid less than the value of the securities the fund sold to it (e.g., a buyer may only be willing to pay $95 for a security with a market value of $100). A fund's use of reverse repurchase agreements also subjects the fund to interest costs based on the difference between the sale and repurchase price of a security involved in such a transaction. Additionally, reverse repurchase agreements entail the same risks as OTC derivatives. These include the risk that the counterparty to the reverse repurchase agreement may not be able to fulfill its obligations, that the parties may disagree as to the meaning or application of contractual terms, or that the instrument may not perform as expected. For the period July 10, 2025 to February 28, 2026, the average reverse repurchase agreement balance was $218,497,854 and weighted average interest rate was 5.92%.

The Fund has elected to treat reverse repurchase agreements as derivatives pursuant to Rule 18f-4 under the 1940 Act ("Rule 18f-4"). As required by Rule 18f-4, the Fund's derivatives exposure (including its use of reverse repurchase agreements) will be limited through a value-at-risk ("VaR") test. Very generally, VaR is an estimate of an instrument's or portfolio's losses over a given time horizon at a specified confidence level. Under Rule 18f-4, the Fund will be required to limit the VaR of the Fund's portfolio to less than 200% of the VaR of a "designated reference portfolio," which is, in general, either an unleveraged index approved by the Fund's derivatives risk manager or the Fund's own portfolio of securities or other investments, excluding any derivatives transaction. The Fund expects that its use of reverse repurchase agreements and other similar derivatives transactions to obtain leverage will enable the Fund to obtain substantially more leverage than would be possible if the Fund obtained leverage only through senior securities subject to the 300% asset coverage requirement contained in Section 18 of the 1940 Act.

The Fund may enter into reverse repurchase agreements under a Master Repurchase Agreement or similar agreement, which governs transactions between the Fund and its counterparties. Under these arrangements, the Fund directly or indirectly transfers whole loans, pass-through certificates or other financial assets to a counterparty in exchange for cash, with a simultaneous agreement to repurchase such assets at a later date. The agreement provides for netting of mutual obligations between the parties. In addition, the counterparty is typically permitted to sell, re-pledge, or otherwise use the transferred assets during the term of the transaction, subject to its obligation to return equivalent assets upon repurchase.

The gross obligations for secured borrowing by the type of collateral pledged and remaining time to maturity is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **REVERSE REPURCHASE AGREEMENTS** | **OVERNIGHT AND<br>CONTINUOUS** | **UP TO 30 DAYS** | **30-90 DAYS** | **GREATER THAN<br>90 DAYS** | **TOTAL** |
|  Whole Loans | $— | $— | $— | $290000000 | $290000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total** | $**—** | $**—** | $**—** | $**290000000** | $**290000000** |

---

**(g) Alternative Lending.** Alternative lending, which is sometimes referred to as fintech lending, online lending or marketplace lending, is a method of financing in which an alternative lending platform facilitates the borrowing and lending of money while generally not relying on deposits for capital to fund loans. It is considered an alternative to more traditional debt financing done through a bank. There are several different models of alternative lending but, very generally, a platform typically matches consumers, small or medium-sized businesses or other types of borrowers with investors that are interested in gaining investment exposure to the loans made to such borrowers. Prospective borrowers are usually required to provide or give access to certain financial information to the platform, such as the intended purpose of the loan, income, employment information, credit score, debt-to-income ratio, credit history

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6374** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

(including defaults and delinquencies) and home ownership status, and, in the case of small business loans, business financial statements and personal credit information regarding any guarantor, some of which information is made available to prospective lenders. Often, platforms charge fees to borrowers to cover these screening and administrative costs. Based on this and other relevant supplemental information, the platform usually assigns its own credit rating to the borrower and sets the interest rate for the requested borrowing. Platforms then post the borrowing requests online and investors may choose among the loans, based on the interest rates the loans are expected to yield less any servicing or origination fees charged by the platform or others involved in the lending arrangement, the background data provided on the borrowers, and the credit rating assigned by the platform. In some cases, a platform partners with a bank to originate a loan to a borrower, after which the bank sells the loan to the platform or directly to the investor; alternatively, some platforms may originate loans themselves. Some investors, including the Fund, may not review the particular characteristics of the loans in which they invest at the time of investment, but rather negotiate in advance with platforms the general criteria of the investments.

Other alternative lending platforms are non-traditional intermediaries. Unlike marketplace lenders, non-traditional intermediaries do not themselves (either alone or working with a bank) originate loans. Instead, they intermediate sales of loans originated by more traditional lenders to buyers that utilize alternative sources of capital (i.e., capital other than bank deposits).

Platforms may set minimum eligibility standards for borrowers to participate in alternative lending arrangements and may limit the maximum permitted borrowings. Depending on the purpose and nature of the loan, its term may, for example, be as short as six months or shorter, or as long as thirty years or longer. Set forth below is additional information about some of the Fund's alternative lending-related investments.

**(h) Whole Loans.** When the Fund invests directly or indirectly in whole loans, it typically purchases all rights, title and interest in the loans pursuant to a loan purchase agreement directly from the platform or its affiliate. The platform or a third-party servicer typically continues to service the loans, collecting payments and distributing them to investors, less any servicing fees assessed against the Fund, and the servicing entity typically will make all decisions regarding any modification, forbearance or other form of relief that may be provided to a borrower experiencing financial hardship and acceleration or enforcement of the loans following any default by a borrower. Where a platform or its affiliate acts as the loan servicer, there is typically a backup servicer in place in case that platform or affiliate ceases or fails to perform these servicing functions. The Fund, as an investor in a whole loan, would be entitled to receive payment only from the borrower and/or any guarantor, and would not be able to recover any deficiency from the platform, except under very narrow circumstances, which may include fraud by the borrower in some cases. The whole loans in which the Fund may invest may be secured or unsecured. The Fund invests in whole loans collateralized by Bitcoin and related collateral requirements are set by the platform. In the event of borrower default, the Fund would have access to the proceeds from the sale of liquidated Bitcoin. Cash segregated for the purchase of whole loans, if any, is located in Deposits for Issuing Loans on the Consolidated Statement of Assets and Liabilities. As of February 28, 2026, the Fund segregated $0 for the purchase of whole loans.

**(i) Loan Participations.** The Fund invests in participation interests in whole loans, which are typically originated by an alternative lending platform, sometimes in partnership with a bank or other financial institutions. When the Fund invests in participation interests, the Fund typically purchases a fractional or full economic interest in the underlying whole loans and the originator retains the legal title to such loans. As with the Fund's investments in whole loans, the alternative lending platform or a third-party servicer typically continues to service the loans, collecting payments and distributing them to investors in the loan participations, less any servicing fees assessed against the Fund, and the servicing entity typically will make all decisions regarding any modification, forbearance or other form of relief that may be provided to a borrower experiencing financial hardship and acceleration or enforcement of the loans following any default by a borrower. Where a platform or its affiliate acts as the loan servicer, there is typically a backup servicer in place in case that platform or affiliate ceases or fails to perform these servicing functions. The servicing entity may distribute payments of principal and interest from the borrower directly to the Fund as a holder of participation interests. Alternatively, the Fund may receive payments of principal and interest as passed through by the bank or other financial institution originating the whole loans and issuing the participation interests. The participation interests in which the Fund invests may be in whole loans that are secured or unsecured.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6375** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

**(j) Pass-Through Certificates.** The Fund invests in pass-through certificates, which are a form of asset-backed security that is backed by a pool of whole loans originated or sourced by one or more alternative lending platforms and that represents the right of the holder to receive specified distributions in respect of such whole loans; specifically, holders are entitled to receive payments on account of principal and interest payments made by borrowers on the underlying loans, as well as proceeds from the sale or liquidation of any loan underlying the pass-through certificate, net of fees, expenses and other amounts payable to the issuer, trustee, originating platform(s) or other third parties as required. Unlike many other asset-backed securities, pass-through certificates are generally not issued with multiple tranches; instead, all holders of a particular certificate share a pro rata interest in the underlying pool of whole loans and distributions with respect thereto.

**(k) Asset-Backed Securities.** The Fund invests in, and may sell certain of its alternative lending-related investments to, securitization vehicles, formed by alternative lending platforms or third parties for the purpose of acquiring alternative lending-related investments and issuing securities, the payments on which are funded by payments received on such entities' underlying investments. Such asset-backed securities, including mortgage-backed securities, may be issued in different tranches of debt and residual equity interests with different rights and preferences. The Fund may hold any tranche of such asset-backed securities. The volume and frequency of the Fund's sales of pools of loans to securitization vehicles may increase as a more active and reliable secondary market develops over time.

**(l) Shares, Certificates, Notes or Other Securities.** The Fund also invests in shares, certificates, notes or other securities representing the right to receive principal and interest payments due on fractions of whole loans or pools of whole loans. The platform or a separate special purpose entity organized by or on behalf of the platform may hold the whole loans underlying such investments on its books and issue to the Fund, as an investor, a share, certificate, note or other security, the payments on which track and depend upon the borrower payments on the underlying loans. As with whole loans, the platforms or third-party servicers typically continue to service the underlying loans on which the performance of such securities is based. Such securities may be linked to any of the types of whole loans in which the Fund may invest directly. Such securities may also track fractions of a whole loan. These securities may be sold through publicly registered offerings or through unregistered private offerings.

**(m) Equity Securities.** The Fund invests in public or private equity securities issued by alternative lending platforms or companies that own or operate alternative lending platforms, including common stock, preferred stock, convertible stock and/or warrants. For example, the Fund invests in securities issued by a platform, which may provide the platform with the capital it requires to support its business. Equity investments may afford the Fund voting rights as well as the opportunity to receive dividends and/or capital appreciation, although warrants, which are options to purchase equity securities at specific prices valid for a specific period of time, typically have no voting rights, receive no dividends and have no rights with respect to the securities of the issuer unless and until they are exercised for the underlying securities. The Fund may also invest directly or indirectly in equity securities of both non-U.S. and U.S. small and mid-cap companies.

**(n) Debt Securities.** The Fund may invest in debt securities issued by alternative lending platforms or companies that own or operate alternative lending platforms. The Fund may have exposure to the debt securities of U.S. or non-U.S. issuers. These debt securities may have fixed or floating interest rates; may or may not be collateralized; and may be below investment grade or unrated but judged by the Adviser to be of comparable quality (debt securities that are below investment grade are commonly called "junk bonds"). The Fund has no limits as to the maturity of debt securities in which it invests directly or indirectly. Such investments may be within any maturity range (short, medium or long) depending on the Adviser's evaluation of investment opportunities available within the debt securities market. Similarly, the Fund has no limits as to the market capitalization range of the issuers.

**(o) Real Estate Investment Trusts.** The Fund may also pursue its investment objective by investing in equity or debt securities issued by real estate investment trusts ("REITs") or pooled investment vehicles that invest in REITs. REITs are pooled real estate investment vehicles that own, and typically operate, certain qualified real estate and real estate-related assets. If a REIT meets certain requirements, including distributing to shareholders substantially all of its taxable income (other than net capital gains), then it is not generally taxed on the income distributed to shareholders. REITs and pooled investment vehicles that invest in REITs may be subject to management fees and other expenses, and so the Fund will bear its proportionate share of the costs of the REITs' and/or vehicles' operations if it invests in REITs or

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6376** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

vehicles subject to such fees and expenses. REITs can be listed and traded on national securities exchanges or can be traded privately between individual owners. An exchange-traded REIT is generally more liquid than a REIT that is not traded on a securities exchange. The Fund may invest in both exchange-traded and privately-traded REITs.

The Fund generally invests in equity REITs, which invest in and own real estate directly, and generally invest a majority of their assets in income-producing properties to generate cash flow from rental income and gradual asset appreciation. The income-producing properties in which equity REITs may invest include land, office, retail, industrial, hotel and apartment buildings, single or multifamily homes, self-storage, specialty and diversified and healthcare facilities. Equity REITs can realize capital gains (or losses) by selling properties that have appreciated (or depreciated) in value. Equity REITs may also invest in non-income-producing properties or real estate-related assets.

An equity investment in a REIT may afford the Fund voting rights as well as the opportunity to receive dividends and/or capital appreciation. The Fund may invest in warrants issued by REITs, which are options to purchase equity securities at specific prices valid for a specific period of time; such investments typically have no voting rights, receive no dividends and have no rights with respect to the securities of the issuer unless and until they are exercised for the underlying equity securities.

Debt securities of REITs may have fixed or floating interest rates; may or may not be collateralized; and may be below investment grade or unrated but judged by the Adviser to be of comparable quality. The Fund has no limits as to the maturity of debt securities in which it invests directly or indirectly. Such investments may be within any maturity range (short, medium or long) depending on the Adviser's evaluation of investment opportunities available within the debt securities market. Similarly, the Fund has no limits as to the market capitalization range of the issuers.

**(p) Distributions to Shareholders.** The Fund intends to distribute to its shareholders substantially all investment company taxable income and net realized capital gains, if any, at least annually. The Fund may not declare or pay distributions to its shareholders if it does not meet asset coverage ratios under the 1940 Act. Distributions are recorded on ex-dividend date. The Fund may periodically make reclassifications among certain of its capital accounts as a result of the characterization of certain income and realized gains determined annually in accordance with federal tax regulations that may differ from GAAP.

**(q) Foreign Securities and Currency Transactions.** The Fund's books and records are maintained in U.S. dollars. Foreign currency denominated transactions (i.e., market value of investment securities, assets and liabilities, purchases and sales of investment securities, and income and expenses) are translated into U.S. dollars at the current rate of exchange. The Fund does not isolate that portion of results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held.

**(r) Investment Income.** Dividend income, less any foreign tax withheld, is recognized on the ex-dividend date. PIK interest income represents payments-in-kind on certain loan participations. PIK interest income is computed based on terms specified in the Fund's investment agreements, is added to the principal balance of the investment and is expected to be collected upon repayment of the outstanding principal. Rebate income, if any, represents incentive payments received by the Fund with respect to the purchase of loans. Aggregate incentive payments are calculated based on volume of loans purchased over a fixed period of time and are not anticipated to be recurring. Interest income is recognized on an accrual basis to the extent that such amounts are expected to be collected and include amortization/accretion of premiums or discounts. Interest income will stop being accrued as of the last coupon receivable date once a loan is more than 30 days past due. Unpaid accrued interest will be written off once the loan is deemed to be charged-off by the third-party pricing service.

**(s) Realized Gain or Loss and Unrealized Appreciation or Depreciation.** Realized gain or loss from an investment is recorded at the time of disposition and calculated using the specific identification method. Unrealized appreciation or depreciation reflects the changes in fair value of investments as pursuant to the Fund's policies and procedures. The Fund will typically write off a loan if (i) the platform indicates that the borrower is deceased or has declared a specific type of bankruptcy or (ii) as determined unrecoverable by the Adviser Valuation Committee. During the year ended February 28, 2026, the Fund wrote off $254,481,364 of outstanding principal, which also includes bad debt expense that is based on estimated recovery rates. This amount is included in net realized loss on investments on the Fund's Consolidated Statement of Operations.

**(t) Restricted Securities.** The Fund may invest a substantial portion of its assets in securities that are restricted, but eligible for purchase and sale by certain qualified institutional buyers, as defined in Rule 144A under the 1933 Act, as amended, as

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6377** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

well as other restricted securities. Restricted securities may be resold in transactions that are exempt from registration under Federal securities laws or if the securities are publicly registered. Restricted securities may be deemed illiquid.

**(u) Prepaid Commitment Fees.** These fees are amortized on a straight-line basis over the term of the respective lending facility and are reflected on the Fund's Consolidated Statement of Operations as Commitment Fees.

**(v) Transfers of Financial Assets** For the period ended, February 28, 2026, the Fund sold certain of its whole loan investments to alternative lending platforms for use in the creation of securitized vehicles. The whole loans were derecognized by the Fund when sold and had an aggregate fair market value of $68,194,998 when sold. As consideration for this sale, the Fund received net cash of $62,374,214 and interests in residual tranches of newly securitized vehicles having an aggregate fair market value of $5,820,785 at the time of acquisition. The Fund recognized gains of $2,364,162 related to this sale which is included in net realized gain (loss) on investments in the Consolidated Statement of Operations. As of February 28, 2026, the residual interests acquired through the above mentioned whole loan sale have a fair market value of $5,642,489.

**(w) Restricted Cash.** Restricted cash includes cash connected with the pending purchase of whole loans that is restricted as to withdrawal or use under the terms of a contractual agreement. As of February 28, 2026, the Fund did not hold restricted cash.

**(x) Investment Transactions.** Investment transactions are recorded on the trade date.

**(y) Market Volatility.** The value of the securities in the Fund may go up or down in response to the prospects of overall economic trends, particular sectors and/or general economic conditions. Price changes may be short- or long-term. Local, regional or global events such as military conflicts, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Fund and its investments, including hampering the ability of the Adviser to invest the Fund's assets as intended.

**(z) Segments.** An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Chief Executive Officer of the Adviser is the CODM of the Fund. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocations are pre-determined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. The financial information in the form of the Fund's Consolidated Schedule of Investments, total returns, and changes in net assets from operations, subscriptions and redemptions, which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmark and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's consolidated financial statements. Segment assets of the Fund are reflected on the accompanying Consolidated Statements of Assets and Liabilities as "total assets".

**3. Federal Tax Matters** 

Provisions for federal income taxes or excise taxes have not been made since the Fund intends to be taxed as a Regulated Investment Company and intends to distribute substantially all taxable income and capital gains to shareholders and otherwise comply with the provisions of the Internal Revenue Code applicable to Regulated Investment Companies. Distributions from net realized gains for book purposes may include short-term capital gains which are included as ordinary income to shareholders for tax purposes. Additionally, GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. The reclassifications have no effect on net assets or NAV per share.

For the year ended February 28, 2026, the effect of permanent "book/tax" reclassifications resulted in increases and decreases to components of the Fund's net assets as follows:

---

| | | |
|:---|:---|:---|
|  | **TOTAL DISTRIBUTABLE<br>EARNINGS/(LOSS)** | **PAID IN<br>CAPITAL** |
|  Alternative Lending Risk Premium Fund | $| $|

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6378** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

As of February 28, 2026, the components of accumulated earnings (losses) for income tax purposes were as follows:

---

| | |
|:---|:---|
|  Tax cost of Investments | $2149509660 |
|  Unrealized appreciation |  |
|  Unrealized depreciation |  |
|  Net unrealized appreciation |  |
|  Undistributed ordinary income |  |
|  Undistributed long-term capital gains/(capital loss carryover) | (4164324) |
|  Total distributable earnings/(loss) | (4164324) |
|  Other temporary differences | (24159693) |
|  Total accumulated gain/(loss) | $(28324017) |

---

The difference between book-basis and tax-basis unrealized appreciation (depreciation) is primarily attributable to mark-to-market ordinary gains (losses) under Internal Revenue Code Section 475 and investments in partnerships.

The tax character of distributions paid during the year ended February 28, 2026 was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORDINARY<br>INCOME** | **LONG-TERM<br>CAPITAL GAIN** | **RETURN OF<br>CAPITAL** | **TOTAL** |
|  Alternative Lending Risk Premium Fund | $67055420 | $0 | $0 | $67055420 |

---

The tax character of distributions paid during the year ended February 28, 2025 was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORDINARY<br>INCOME** | **LONG-TERM<br>CAPITAL GAIN** | **RETURN OF<br>CAPITAL** | **TOTAL** |
|  Alternative Lending Risk Premium Fund | $0 | $0 | $70599986 | $70599986 |

---

As of February 28, 2026 the Fund had tax basis capital losses which may be carried forward indefinitely to offset future capital gains as shown below:

---

| | | | |
|:---|:---|:---|:---|
|  | **SHORT-TERM** | **LONG-TERM** | **TOTAL** |
|  Alternative Lending Risk Premium Fund | $(1827713) | $(2336611) | $(4164324) |

---

As of February 28, 2026, the Fund deferred, on a tax basis, late year ordinary losses of $24,159,693. These losses are deemed to arise on March 1, 2026.

There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended February 28, 2026 or for any other tax years which are open for exam. As of February 28, 2026, open tax years include the periods ended February 28, 2023, February 29, 2024, and February 28, 2025. The Fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Consolidated Statement of Operations. During the year, the Fund did not incur any interest or penalties.

**4. Agreements** 

**(a) Investment Management Agreement.** The Adviser is the investment adviser of the Fund and was organized as a Delaware limited liability company in 2012. The Adviser's primary business is to provide a variety of investment management services, including an investment program for the Fund.

As compensation for its services, the Fund pays the Adviser a fee, computed daily and paid monthly, at the annual rate of 1.50% of the Fund's average daily net assets.

Through June 30, 2027, the Adviser contractually agreed to waive its advisory fee and/or pay or otherwise bear operating and other expenses of the Fund (including offering expenses, but excluding brokerage and transactional

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6379** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

expenses; borrowing and other investment-related costs and fees including interest payments on borrowed funds, loan servicing fees, loan collection and administration fees and expenses, interest and commitment fees; short dividend expense; acquired fund fees and expenses; taxes; litigation and indemnification expenses; judgments; and extraordinary expenses not incurred in the ordinary course of the Fund's business (collectively, the "Excluded Expenses")) solely to the extent necessary to limit the total annualized operating expenses of the Fund, other than Excluded Expenses, to 2.30% of the average daily net assets of the Fund. The Adviser shall be permitted to recoup in later periods Fund expenses that the Adviser has paid or otherwise borne (whether through reduction of its advisory fee or otherwise) to the extent that the expenses for the Fund fall below the annual limitation rate in effect at the time of the actual waiver/reimbursement and to the extent that they do not cause the Fund to exceed the annual limitation rate in effect at the time of the recoupment. However, the Adviser shall not be, and under the expense limitation agreements that were in place during the period covered by this report the Adviser was not, permitted to recoup such expenses beyond three years from the end of the month in which the Adviser waived a fee or reimbursed an expense. As of February 28, 2026, there were no remaining previously waived expenses eligible for recoupment.

**(b) Custodian, Administrator, and Transfer Agent.** The custodians to the Trust are U.S. Bank, N.A. and Inspira Financial Trust Company, LLC. The administrator and transfer agent to the Trust is U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services, an affiliate of U.S. Bank, N.A.

**(c) Distributor.** Foreside Financial Services, LLC (the "Distributor") serves as the Fund's distributor.

**5. Services Agreement** 

Distribution and servicing fees may be paid pursuant to a Distribution and Servicing Plan dated as of July 1, 2018 at the maximum annual rate of 0.05% and servicing fees may be paid pursuant to an amended and restated Services Agreement between the Fund and the Adviser dated as of July 1, 2018, under which the Fund has appointed the Adviser as "servicing agent" to compensate financial intermediaries, at an annual rate of 0.05%, in each case, calculated as a percentage of the Fund's average daily net assets. These fees are paid out of the Fund's assets on an ongoing basis and may be administered or facilitated by the Distributor. Some intermediaries may receive payments pursuant to both the Distribution and Servicing Plan and the Services Agreement. The Distributor does not retain any portion of any servicing fees or distribution fees. To the extent that there are expenses associated with shareholder services that exceed the amounts payable pursuant to the Services Agreement or the Distribution and Servicing Plan, the Fund will bear such expenses.

**6. Related Parties** 

Certain officers of the Trust are also employees of the Adviser. The officers, with the exception of a portion of the Chief Compliance Officer's salary, are not compensated by the Trust.

**7. Investment Transactions** 

For the year ended February 28, 2026, aggregate purchases and dispositions/paydowns of securities (excluding U.S. government obligations and short-term securities) by the Fund were $1,070,294,915 and $1,008,753,534, respectively. The Fund did not have any purchases or sales of long-term U.S. government securities during the year ended February 28, 2026.

**8. Capital Share Transactions** 

---

| | | |
|:---|:---|:---|
|  | **YEAR ENDED<br>FEBRUARY 28, 2026** | **YEAR ENDED<br>FEBRUARY 28, 2025** |
|  Shares sold | 1559162 | 4769698 |
|  Shares issued to holders in reinvestment of distributions | 320662 | 394280 |
|  Shares redeemed | (9019020) | (8057155) |
|  Net decrease in shares | (7139196) | (2893177) |
|  Shares outstanding:<br> Beginning of year | 37940207 | 40833384 |
|  End of year | 30801011 | 37940207 |

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6380** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

The shares repurchased were done so in accordance with Section 23(c) of the 1940 Act. The Fund anticipates that the repurchase pricing date, the date on which the repurchase price for shares is determined, will ordinarily be the same day as the repurchase request deadline, but in no event will be (i) prior to the close of business on the day of the repurchase request deadline or (ii) more than 14 days after the repurchase request deadline (or the next business day, if the 14th day is not a business day).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **REPURCHASE REQUEST DEADLINE** | **REPURCHASE OFFER<br>AMOUNT (SHARES)** | **REPURCHASE OFFER<br>AMOUNT (SHARES)** | **SHARES<br>TENDERED** | **SHARES<br>TENDERED** |
|  March 7, 2025 |  | 1899065 |  | 6480132 |
|  June 6, 2025 |  | 1837588 |  | 6557738 |
|  September 5 , 2025 |  | 1775320 |  | 17296750 |
|  December 5, 2025 |  | 3397625 |  | 17890118 |

---

**9. Line of Credit and Financing Facility** 

The Fund obtains leverage through borrowings in seeking to achieve its investment objectives or for temporary or extraordinary purposes. As of February 28, 2026, the Fund had a $100,000,000 uncommitted line of credit (the "Line") with U.S. Bank N.A. The Line is unsecured. The Line has a one-year term which runs through October 17, 2026 and is reviewed annually by the Board. As of February 28, 2026, the Line had an outstanding balance of $0.

As of February 28, 2026, the Fund also established financing facilities for $600,000,000 (collectively, the "Facilities"). $250,000,000 of the borrowings under the Facilities is due September 1, 2026, $230,000,000 of the borrowings under the Facilities is due August 3, 2026, and $120,000,000 is uncommitted and the maturity of each borrowing may be extended by mutual consent of the applicable borrower and the lender with respect to such borrowing. The Facilities, when drawn, are secured by alternative lending-related securities held by Subsidiaries of the Fund and are guaranteed by the Fund. Each Subsidiary is a separate bankruptcy-remote entity formed for the purpose of holding specific securities and pledging them to specific lenders under the Facilities. The assets of any such Subsidiary are not available to other lenders or creditors, or to any other Subsidiary or the Fund, except to the extent of permitted distributions made to the Fund.

During the year ended as of February 28, 2026, the average aggregate borrowing was $754,220,761 which resulted in interest expense of $42,056,630 at a weighted average interest rate of 5.50% and is included in Interest Expense on the Fund's Consolidated Statement of Operations.

As of as of February 28, 2026, the outstanding aggregate drawn amount attributable to the Fund under the Credit Agreements (the Facilities together with the Line, the "Credit Agreements") was $480,000,000. Under the terms of the Credit Agreements, the Fund must maintain asset coverage of 300% when considering the amount borrowed from the Facilities. If the Fund fails to maintain the required coverage, it may be required to repay a portion of an outstanding balance until the coverage requirement has been met.

**10. Payment by Affiliates** 

During the year ended February 28, 2025, the Adviser reimbursed the Fund in the amount of $50,058 for losses related to incorrect investment prices. The reimbursement amount is reflected in the Fund's Statement of Changes in Net Assets as "Increase in payments from affiliates."

**11. Subsequent Events Evaluation** 

In preparing these consolidated financial statements, the Fund has evaluated events and transactions for potential recognition or disclosure resulting from subsequent events through the date the consolidated financial statements were issued. This evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6381** 

------

<u>Report of Independent Registered Public Accounting Firm</u>

To the Shareholders and the Board of Trustees of Stone Ridge Trust V

**Opinion on the Financial Statements** 

We have audited the accompanying consolidated statement of assets and liabilities of Stone Ridge Alternative Lending Risk Premium Fund (the "Fund") (the sole series comprising Stone Ridge Trust V (the "Trust")), including the consolidated schedule of investments, as of February 28, 2026, and the related consolidated statements of operations and cash flows for the year then ended, the consolidated statements of changes in net assets for each of the two years in the period then ended, the consolidated financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the consolidated financial position of the Fund (the sole series comprising Stone Ridge Trust V) at February 28, 2026, the consolidated results of its operations and its cash flows for the year then ended, the consolidated changes in its net assets for each of the two years in the period then ended and its consolidated financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

**Basis for Opinion** 

These financial statements are the responsibility of the Trust's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust's internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026, by correspondence with the custodians and others; when replies were not received from others, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

![LOGO](g80272g69e40.jpg)

We have served as the auditor of one or more of the Stone Ridge investment companies since 2013.

Minneapolis, Minnesota

April 29, 2026

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6382** 

------

<u>Expense Example (Unaudited)</u>

As a shareholder of the Fund, you incur ongoing costs, including investment advisory fees, shareholder servicing fees and other Fund expenses, which are indirectly paid by shareholders. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from September 1, 2025 through February 28, 2026.

**Actual Expenses** 

The first line of the table below provides information about actual account values and actual expenses. However, the table does not include shareholder specific fees, such as the $15.00 fee charged for wire redemptions by the Fund's transfer agent. The table also does not include portfolio trading commissions and related trading costs. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during the period.

**Hypothetical Example For Comparison Purposes** 

The second line on the table below provides information about hypothetical account values and hypothetical expenses based on the actual expense ratios of the Fund and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other fund. Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, the second line of the table is useful in comparing ongoing costs only and will not help you determine the relevant total cost of owning different funds.

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>SEPTEMBER 1, 2025** | **ENDING<br>ACCOUNT<br>VALUE<br>FEBRUARY 28, 2026** | **EXPENSES<br>PAID DURING<br>PERIOD\*<br>SEPTEMBER 1, 2025 –<br>FEBRUARY 28, 2026** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $1020.20 | $38.36 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $986.82 | $37.73 |

---

\* Expenses are equal to the Fund's annualized six-months expense ratio of 7.66%, multiplied by the average account value over the period, multiplied by 181/365 to reflect the partial year. 

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6383** 

------

<u>Additional Information (Unaudited)</u>

**1. Board Approval of the Continuation of the Investment Management Agreement** 

Throughout the year, the Board of Trustees (the "Board") of Stone Ridge Trust V (the "Trust"), including the members of the Board who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended) (the "Independent Trustees"), considers matters bearing on the investment management agreement (the "Agreement") between Stone Ridge Asset Management LLC (the "Adviser") and the Trust, on behalf of Stone Ridge Alternative Lending Risk Premium Fund (the "Fund"). On an annual basis, the Board, including the Independent Trustees, holds an in-person meeting to determine whether to approve the continuation, ordinarily for an additional one-year period, of the Agreement.

At an in-person meeting held on October 28, 2025, the Board, including a majority of the Independent Trustees, considered and approved the continuation for a one-year period of the Agreement between the Adviser and the Trust on behalf of the Fund. Prior to the meeting, the Independent Trustees received a memorandum from independent counsel describing their responsibilities in connection with the approval of the Agreement. In evaluating the Agreement, the Board considered information and materials furnished by the Adviser in advance of and at the meeting and was afforded the opportunity to request additional information and to ask questions of the Adviser to obtain information that it believed to be reasonably necessary to evaluate the terms of the Agreement.

The Board's consideration of the Agreement included but was not limited to: (1) the nature, extent, and quality of the services provided by the Adviser; (2) the investment performance of the Fund and the Adviser; (3) the cost of the services provided and the profits and other benefits realized by the Adviser from its relationship with the Fund; and (4) the extent to which economies of scale may be realized as the Fund grows and whether fee levels reflect such economies of scale for the benefit of shareholders of the Fund. In determining whether to approve the continuation of the Agreement, the Board, including the Independent Trustees, did not identify any single factor as determinative; individual trustees may have evaluated the information presented differently from one another, giving different weights to various factors.

In considering the nature, extent, and quality of the services provided by the Adviser, the Board considered the investment management services provided by the Adviser, including the management of the Fund's portfolio in accordance with its investment objective, investment policies, investment restrictions and applicable law; the unique and complex nature of the Fund's investment program in the registered fund space; investment selection and monitoring; selection of trading counterparties and order management; the creation and implementation of ongoing analytical and risk management strategies; the Adviser's investment in infrastructure, technology, proprietary software and personnel needed to implement the Fund's investment program; and the oversight and/or implementation of policies and procedures necessary to fulfill these responsibilities. The Board also considered other services provided by the Adviser, including monitoring potential conflicts of interest and maintaining regulatory compliance programs for the Fund. Additionally, the Board considered the operational support and oversight provided by the Adviser's personnel in connection with the Fund's repurchase offers. The Board considered the qualifications and professional backgrounds of the Adviser's personnel who provide significant advisory or other services to the Fund under the Agreement and analyzed the Adviser's ongoing ability to service the Fund through such personnel. Based on this and related information, the Board, including the Independent Trustees, concluded that the nature, extent and quality of services supported the continuation of the Agreement.

In considering the investment performance of the Fund and the Adviser, the Board reviewed information provided by the Adviser relating to the Fund's performance together with the performance of the Fund's corresponding indexes for the one-month, three-month, six-month, one-year, three-year and five-year periods ended August 31, 2025 as well as for the period ended August 31, 2025 since the Fund's inception. The Board also considered the performance information for the institutional share class of third-party managed closed-end funds listed on Morningstar with greater than $300 million in assets, regardless of their strategies, as determined by the Adviser in consultation with the Fund's third-party administrator (the "peer group"). The Board considered the performance information for the peer group that the Adviser believes are the most comparable registered investment funds to the Fund. The Adviser, in consultation with the Fund's third-party administrator, supplemented this peer group with funds from Morningstar's institutional share class of US Fund Multistrategy category with greater than $250 million in assets. The Adviser also provided the Board with comparable direct peers of the Fund, including RiverNorth Capital and Income Fund, Inc. and AIP Alternative Lending Fund. The Board, including the Independent Trustees, concluded that the Fund's performance in light of all relevant factors supported the renewal of the Agreement.

In considering the cost of services provided and the benefits realized by the Adviser from its relationship with the Fund, the Board analyzed the fees paid under the Agreement, the expense ratio for the Fund and any contractual expense

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6384** 

------

<u>Additional Information (Unaudited)</u>

limitation undertaken by the Adviser. The Board took into consideration information provided by the Adviser relating to the Adviser's financial health, profitability and the benefits that the Adviser derives from the Agreement. The Board also noted that the Adviser may receive reputational benefits from its relationship with the Fund. Based on the foregoing information and other factors deemed relevant, the Board, including the Independent Trustees, concluded that the management fee arrangements applicable to the Fund pursuant to the Agreement were fair and reasonable and that the costs of the services the Adviser provided and the related benefits to the Adviser in respect of its relationship with the Fund supported the continuation of the Agreement.

Finally, the Board considered the extent to which economies of scale in the provision of services by the Adviser would be realized as the Fund grows and whether the Fund's fee levels reflect such economies of scale, such as through breakpoints in the investment management fee or through expense waiver and/or limitation agreements. The Board noted that the Fund was subject to a contractual expense limitation agreement. After reviewing this and related information, the Board, including the Independent Trustees, concluded that the extent to which economies of scale currently are shared with the Fund supported the continuation of the Agreement.

Based on a consideration and evaluation of all factors deemed to be relevant, including the foregoing matters and the Board's determination that the continuation of the Agreement was in the best interests of the shareholders, the Board, including the Independent Trustees, concluded that the Agreement should be continued for a one-year period.

**2. Disclosure Regarding Fund Trustees and Officers** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** |
| **NAME<br>(YEAR OF BIRTH)** | **POSITION(S)<br>HELD WITH<br>THE TRUST** | **TERM OF<br>OFFICE AND<br>LENGTH OF<br>TIME SERVED<sup>(2)</sup>** | **PRINCIPAL OCCUPATION(S)<br>DURING THE PAST 5 YEARS** | **NUMBER OF<br>PORTFOLIOS<br>IN THE FUND<br>COMPLEX<br>OVERSEEN BY<br>TRUSTEE<sup>(3)</sup>** | **OTHER<br>DIRECTORSHIPS /<br>TRUSTEESHIPS<br>HELD BY TRUSTEE<br>DURING THE<br>PAST 5 YEARS** |
|  Jeffery Ekberg<br> (1965) | Trustee | since inception | Self-employed (personal investing), since 2011; Principal, TPG Capital, L.P. (private equity firm) until 2011; Chief Financial Officer, Newbridge Capital, LLC (subsidiary of TPG Capital, L.P.) until 2011 | 17 | None. |
|  Daniel Charney<br> (1970) | Trustee | since inception | Co-Head of Global Markets, TD Securities (investment bank) and Vice Chair of TD Cowen, a division of TD Securities (financial services firm) since 2023; Co-President, Cowen and Company, Cowen Inc. (financial services firm) 2012-2023 | 17 | None. |
| **Interested Trustee** | **Interested Trustee** | **Interested Trustee** | **Interested Trustee** | **Interested Trustee** | **Interested Trustee** |
| **NAME<br>(YEAR OF BIRTH)** | **POSITION(S)<br>HELD WITH<br>THE TRUST** | **TERM OF<br>OFFICE AND<br>LENGTH OF<br>TIME SERVED<sup>(2)</sup>** | **PRINCIPAL OCCUPATION(S)<br>DURING THE PAST 5 YEARS** | **NUMBER OF<br>PORTFOLIOS<br>IN THE FUND<br>COMPLEX<br>OVERSEEN BY<br>TRUSTEE<sup>(3)</sup>** | **OTHER<br>DIRECTORSHIPS /<br>TRUSTEESHIPS<br>HELD BY TRUSTEE<br>DURING THE<br>PAST 5 YEARS** |
|  Ross Stevens<br> (1969)<sup>(4)</sup> | Trustee, Chairman | since inception | Founder and Chief Executive Officer of Stone Ridge since 2012 | 17 | None. |

---

(1) Information as of February 28, 2026.

(2) Each Trustee serves until resignation or removal from the Board.

(3) The Fund Complex includes the Trust and Stone Ridge Trust, Stone Ridge Trust II, and Stone Ridge Trust VIII, other
investment companies managed by the Adviser.

(4) Mr. Stevens is an "interested person" of the Trust, as defined in Section 2(a)(19) of the 1940 Act,
due to his position with the Adviser.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6385** 

------

<u>Additional Information (Unaudited)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Officers of the Trust** | **Officers of the Trust** | **Officers of the Trust** | **Officers of the Trust** |
| **NAME<br>(YEAR OF BIRTH)<br>AND ADDRESS<sup>(1)(2)</sup>** | **POSITION(S)<br>HELD<br>WITH THE TRUST** | **TERM OF<br>OFFICE AND<br>LENGTH OF<br>TIME SERVED<sup>(3)</sup>** | **PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS** |
|  Ross Stevens<br> (1969) | President, Chief Executive Officer and Principal Executive Officer | since inception | Founder and Chief Executive Officer of the Adviser, since 2012. |
|  Lauren D. Macioce<br> (1978) | Chief Compliance Officer, Secretary, Chief Legal Officer and Anti-Money Laundering Compliance Officer | since 2016 | General Counsel and Chief Compliance Officer of the Adviser, since 2016. |
|  Maura Keselowsky<br> (1983) | Treasurer, Principal Financial Officer, Chief Financial Officer and Chief Accounting Officer | since July 2024 | Supervising Fund Controller at the Adviser, since 2022; member of Finance at the Adviser, since 2018 |
|  Anthony Zuco<br> (1975) | Assistant Treasurer | since 2018 | Supervising Fund Controller at the Adviser, since 2015-2022; member of Finance at the Adviser, since 2015. |
|  Alexander Nyren<br> (1980) | Assistant Secretary | since 2018 | Head of Reinsurance of the Adviser, since 2018; member of Reinsurance portfolio management team at the Adviser, since 2013. |
|  Leson Lee<br> (1975) | Assistant Treasurer | since 2019 | Member of Operations at the Adviser, since 2018. |
|  Domingo Encarnacion<br> (1983) | Assistant Treasurer | since 2020 | Tax Manager at the Adviser, since 2016. |
|  Stanley Weinberg<br> (1989) | Assistant Treasurer | since 2023 | Member of Operations at the Adviser, since 2019. |
|  Daniel Gross<br> (1984) | Assistant Treasurer | since 2023 | Member of Operations at the Adviser, since 2019. |
|  Connor O'Neill<br> (1990) | Assistant Treasurer | since April 2024 | Member of Operations at the Adviser, since 2020; Operations Manager at Junto Capital Management (2015-2019). |
|  Shamil Kotecha<br> (1986) | Assistant Treasurer | since October 2024 | Member of Legal and Compliance at the Adviser, since 2018. |
|  James Corley<br> (1986) | Assistant Treasurer | since January 2025 | Member of Operations at the Adviser, since 2019 |

---

(1) Each officer's mailing address is c/o Stone Ridge Asset Management LLC, One Vanderbilt Avenue, 65th Floor, New York,
NY 10017.

(2) Each of the officers is an affiliated person of the Adviser as a result of his or her position with the Adviser.

(3) The term of office of each officer is indefinite.

**3. Shareholder Notification of Federal Tax Status** 

For the fiscal year ended February 28, 2026, certain dividends paid by the Fund may be subject to a maximum tax rate of 15%, as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The percentage of dividends declared from ordinary income designated as qualified dividend income was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 0.00% |

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6386** 

------

<u>Additional Information (Unaudited)</u>

For corporate shareholders, the percentage of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal year ended February 28, 2026 was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 0.00% |

---

The average percentage of taxable ordinary income distributions that are designated as interest related dividends under Internal Revenue Code Section 871(k)(1)(C) was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 100.00% |

---

The percentage of taxable ordinary income distributions that are designated as short-term capital gain distributions under Internal Revenue Code Section 871(k)(2)(C) was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 0.00% |

---

Shareholders should not use the above information to prepare their tax returns. Since the Fund's fiscal year is not the calendar year, another notification was made available with respect to calendar year 2025. Such notification, which reflects the amount to be used by calendar year taxpayers on their Federal income tax returns, was made in conjunction with shareholder year-end tax reporting in February 2026. Shareholders are advised to consult their own tax advisors with respect to the tax consequences of their investment in the Fund.

**4. Availability of Quarterly Portfolio Holdings Schedules** 

The Fund is required to file its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Part F of Form N-PORT. The Fund's filings on Part F of Form N-PORT are available without charge on the SEC's website, <u>www.sec.gov</u>, or upon request by calling 1.855.609.3680.

**5. Proxy Voting Policies and Procedures and Proxy Voting Record** 

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1.855.609.3680 and on the SEC's website <u>www.sec.gov</u>. The Fund is required to file how it voted proxies related to portfolio securities during the most recent 12-month period ended June 30. The information is available without charge, upon request, by calling 1.855.609.3680 and on the SEC's website <u>www.sec.gov</u>.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6387** 

------

<u>Investment Adviser</u> 

Stone Ridge Asset Management LLC

One Vanderbilt Avenue, 65<sup>th</sup> Floor

New York, NY 10017

<u>Independent Registered Public Accounting Firm</u> 

Ernst & Young LLP

700 Nicollet Mall, Suite 500

Minneapolis, MN 55402

<u>Legal Counsel</u> 

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199

<u>Custodians</u> 

Inspira Financial Trust, LLC

2001 Spring Road #700

Oak Brook, IL 60523

U.S. Bank, N.A.

1555 North RiverCenter Drive, Suite 302

Milwaukee, WI 53212

<u>Distributor</u> 

Foreside Financial Services, LLC

Three Canal Plaza, Suite 100

Portland, ME 04101

<u>Administrator, Transfer Agent and Dividend Disbursing Agent</u> 

U.S. Bancorp Fund Services, LLC,

doing business as U.S. Bank Global Fund Services

615 East Michigan Street

Milwaukee, WI 53202

This report has been prepared for shareholders and must be preceded or accompanied by an effective prospectus, which includes information regarding the Fund's investment objectives, risks, experience of its management and other information.

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g80272g12m27.jpg) | Stone Ridge Funds<br> P.O. Box 701<br> Milwaukee, WI 53201-0701<br>855-609-3680<br> www.stoneridgefunds.com<br>| QVANNU |

---

------

## Annual Report
February 28, 2026

![LOGO](g111947g12m26.jpg)

Stone Ridge Alternative Lending Risk Premium Fund

------

## **Table of Contents**

---

| | |
|:---|:---|
|  [Portfolio Allocation by Year of Scheduled Maturity (Unaudited)](#toc111947_1) | ii |
| [Fund Performance Data (Unaudited)](#toc111947_1a) | iii |
| [Management's Discussion of Fund Performance (Unaudited)](#toc111947_1b) | iv |
| [Consolidated Summary Schedule of Investments](#toc111947_2) | 1 |
| [Consolidated Financial Statements and Notes](#toc111947_3) | 333 |
| [Report of Independent Registered Public Accounting Firm](#toc111947_4) | 354 |
| [Expense Example (Unaudited)](#toc111947_5) | 355 |
| [Additional Information (Unaudited)](#toc111947_6) | 356 |

---

------

**ALLOCATION OF PORTFOLIO HOLDINGS AT FEBRUARY 28, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY** |
| 2018 | $417392 | 0.03%<sup>(1)</sup> |
| 2019 | 636175 | 0.05%<sup>(1)</sup> |
| 2020 | 91619 | 0.01%<sup>(1)</sup> |
| 2021 | 188197 | 0.01%<sup>(1)</sup> |
| 2022 | 710069 | 0.05%<sup>(1)</sup> |
| 2023 | 2893654 | 0.20%<sup>(1)</sup> |
| 2024 | 4016037 | 0.28%<sup>(1)</sup> |
| 2025 | 3981926 | 0.28%<sup>(1)</sup> |
| 2026 | 139819958 | 9.84%<sup>(1)</sup> |
| 2027 | 220995577 | 15.55% |
| 2028 | 247099911 | 17.39% |
| 2029 | 385769195 | 27.15% |
| 2030 | 447241970 | 31.47% |
| 2031 | 165692021 | 11.66% |
| 2032 | 47495199 | 3.34% |
| 2033 | 6277083 | 0.44% |
| 2034 | 2225080 | 0.16% |
| 2035 | 24650829 | 1.74% |
| 2036 | 1795418 | 0.13% |
| 2037 | 5988432 | 0.42% |
| 2039 | 23567 | 0.00%<sup>(2)</sup> |
| 2040 | 61770365 | 4.35% |
| 2041 | 18223434 | 1.28% |
| 2042 | 2341420 | 0.17% |
| 2044 | 2339178 | 0.16% |
| 2045 | 2342713 | 0.16% |
| 2046 | 3840206 | 0.27% |
| 2047 | 8049971 | 0.57% |
| 2048 | 1566140 | 0.11% |
| 2049 | 3034314 | 0.21% |
| 2050 | 3397326 | 0.24% |
| 2051 | 1616881 | 0.11% |
| 2055 | 5642489 | 0.40% |
| Other | (401180427) | (28.23)%<sup>(3)</sup> |
| Total Net Assets | $1420993319 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The underlying loans in the amount of $13,690,596 have matured but are still in repayment process.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Value calculated is less than 0.005%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Select other loan investments, equity investments, cash, cash equivalents and other assets less liabilities.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**ii** 

------

**FUND PERFORMANCE DATA (Unaudited)**

![LOGO](g111947g02p02.jpg)

*This chart assumes an initial gross investment of $15,000,000 made on June 1, 2016 (date of Fund's public launch). Returns shown include the reinvestment of all distributions. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. In the absence of fee waivers and reimbursements, returns for the Fund would have been lower. Past performance is not predictive of future performance. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.* 

*The* ***Intercontinental Exchange (ICE) Bank of America (BofA) 3-Month U.S. Treasury Bill Index*** *is an index of short-term U.S. Government securities with a remaining term to final maturity of less than three months. Index figures do not reflect any deduction of fees, taxes or expenses, and are not available for investment.* 

---

| | | | |
|:---|:---|:---|:---|
| **AVERAGE ANNUAL TOTAL RETURNS (FOR PERIODS ENDED FEBRUARY 28, 2026)** |<br>**1-year<br>period**<br> **ended<br>2/28/26** |<br>**5-year<br>period**<br> **ended<br>2/28/26** |<br>**Since**<br> **Inception**<br> **(6/1/16<sup>(1)</sup>)** |
|  **Stone Ridge Alternative Lending Risk Premium Fund** | 4.52% | 5.88% | 7.29% |
|  ICE BofA 3-Month U.S. Treasury Bill Index | 4.07% | 3.30% | 2.29% |

---

(1) Date of Fund's public launch.

(2) As a result of equity returns relating to initial public offerings by platforms, the Fund's performance was
unusually strong for the period shown and should not be extrapolated for future periods.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**iii** 

------

**MANAGEMENT'S DISCUSSION OF FUND PERFORMANCE (Unaudited)**

Stone Ridge Alternative Lending Risk Premium Fund (the "Fund") is designed to capture the alternative lending-related credit risk premium by investing in a diversified portfolio of alternative lending-related assets, primarily whole loans to consumers, small businesses, and former students. The strategy seeks to earn the spread between the yield on these assets and realized credit losses, net of the risk-free rate, over time.

There can be no assurance that this risk premium will be positive at any point in time or over any given period. For the 12 months ended February 28, 2026, the Fund's total return was 4.52%. Performance over the past year reflects a continued normalization in consumer credit following the deterioration observed in 2022-2023. The primary driver has been the shift in portfolio composition toward loans originated under materially tighter underwriting standards beginning in late 2022, which now represent a majority of the portfolio. These newer vintages have exhibited lower delinquency and loss rates, resulting in improved realized credit performance. In addition, the risk premium embedded in newly originated loans remains elevated, as platforms increased interest rates and tightened credit in response to the inflationary environment of 2022–2023. As a result, the portfolio has benefited from a combination of higher yields and improving credit performance, driving stronger excess spread relative to prior periods.

Macroeconomic conditions were also supportive, with low unemployment, moderating inflation, and positive real wage growth, which contributed to borrower repayment capacity and lower delinquencies. Performance across platforms and asset types has been heterogeneous, reinforcing the importance of diversification and ongoing active management and surveillance of platform-level underwriting discipline.

**<u>RISK DISCLOSURES</u>**

The Fund is sold to (i) institutional investors, including registered investment advisers ("RIAs"), that meet certain qualifications and have completed an educational program provided by Stone Ridge Asset Management LLC; (ii) clients of such institutional investors; and (iii) certain other eligible investors. Investors and RIAs allocating to clients' accounts should carefully consider the Fund's risks and investment objectives, as an investment in the Fund may not be appropriate for all investors and is not designed to be a complete investment program. Investing in the Fund involves a high degree of risk. It is possible that investing in the Fund may result in a loss of some or all of the amount invested. Before making an investment/allocation decision, investors and RIAs allocating to clients' accounts should (i) consider the suitability of this investment with respect to such investor's or client's investment objectives and individual situation and (ii) consider factors such as such investor's or client's net worth, income, age, and risk tolerance. Investment should be avoided where an investor has a short-term investing horizon and/or cannot bear the loss of some or all of their investment. Before investing in the Fund, investors and RIAs allocating to clients' accounts should read the discussion of risks of investing in the prospectus.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**iv** 

------

<u>Consolidated Summary Schedule of Investments</u>    

---

| | |
|:---|:---|
|  [Whole Loans](#soi111947_1) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Consumer Loans](#soi111947_2) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_6) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Small Business Loans](#soi111947_7) | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United Kingdom](#soi111947_8) | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_9) | 306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Student Loans](#soi111947_10) | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_11) | 317 |
| [Other Loan Investments](#soi111947_12) | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Loan Participations](#soi111947_13) | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Consumer Loans](#soi111947_14) | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_15) | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Small Business Loans](#soi111947_16) | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_17) | 322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Other](#soi111947_18) | 328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_19) | 328 |
| [Asset-Backed Securities](#soi111947_20) | 328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_21) | 328 |
| [Equity Securities](#soi111947_22) | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_23) | 329 |
| [Loan Notes](#soi111947_901) | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [United States](#soi111947_902) | 329 |
| [Short-Term Investments](#soi111947_24) | 330 |
| [Open Risk Share Contracts](#soi111947_26) | 331 |
| [Reverse Repurchase Agreement](#soi111947_903) | 332 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**1** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
|  **WHOLE LOANS - 95.18%** |  |  |  |  |  |
| **Consumer Loans - 90.83%** |  | | | | |
| **United States - 90.83%** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 1088000, 7.800%, 10/05/2027 †x# | Best Egg | 12/08/2021 | $21145 | $21145 | $20655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1216837, 14.170%, 3/22/2028 †x | Best Egg | 2/25/2022 | 30847 | 30847 | 30510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1231743, 18.560%, 7/03/2027 †x#◇ | Best Egg | 3/07/2022 | 23237 | 23237 | 22998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1254751, 12.230%, 8/20/2027 †x | Best Egg | 3/23/2022 | 22488 | 22488 | 22072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1266259, 10.840%, 9/08/2028 †x | SoFi | 12/15/2021 | 21121 | 21459 | 21135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1281581, 11.160%, 5/21/2028 †x# | SoFi | 12/15/2021 | 25663 | 26549 | 21654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1307350, 12.990%, 10/25/2028 †x | SoFi | 1/19/2022 | 21553 | 21977 | 22030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1315518, 14.090%, 11/05/2028 †x◇ | SoFi | 3/17/2022 | 30738 | 31366 | 31382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1336373, 12.840%, 12/05/2028 †x | SoFi | 3/17/2022 | 41202 | 42042 | 41566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1337634, 5.900%, 5/26/2029 †x◇ | Best Egg | 5/18/2022 | 25763 | 25763 | 25520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1343472, 17.580%, 9/18/2027 †x# | Best Egg | 5/23/2022 | 24354 | 24354 | 24316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1348418, 9.630%, 12/09/2027 †§x | SoFi | 4/19/2022 | 20272 | 20571 | 20487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1348679, 11.090%, 5/10/2029 †x | SoFi | 3/17/2022 | 25458 | 25997 | 25759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1349610, 9.430%, 12/14/2026 †§x | SoFi | 3/17/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1354702, 15.240%, 12/21/2028 †x◇ | SoFi | 3/17/2022 | 24050 | 24563 | 24862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1359661, 13.090%, 1/05/2029 †x◇ | SoFi | 3/17/2022 | 23859 | 24356 | 24573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1359752, 12.010%, 1/05/2027 †x◇ | SoFi | 3/17/2022 | 20690 | 20869 | 20807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1361719, 13.090%, 1/05/2029 †x◇ | SoFi | 3/17/2022 | 22493 | 22961 | 22945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1361973, 11.940%, 1/16/2027 †x◇ | SoFi | 3/17/2022 | 20869 | 21055 | 20952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1367040, 14.160%, 3/25/2027 †x◇ | SoFi | 3/17/2022 | 25559 | 25838 | 25632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1368512, 10.660%, 10/18/2028 †x# | SoFi | 4/19/2022 | 36019 | 37433 | 29052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1369550, 22.280%, 8/06/2027 †x | Best Egg | 6/09/2022 | 22921 | 22921 | 22750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1371079, 13.640%, 1/05/2029 †x | SoFi | 4/19/2022 | 29323 | 29943 | 30127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1372322, 12.360%, 11/20/2028 †x | SoFi | 5/17/2022 | 26840 | 27057 | 21684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1372502, 11.380%, 1/08/2028 †x | SoFi | 3/17/2022 | 19795 | 20100 | 20021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1372985, 10.430%, 1/08/2027 †§x | SoFi | 4/19/2022 | 21801 | 21988 | 21828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1373081, 9.180%, 1/08/2027 †§x | SoFi | 3/17/2022 | 21924 | 22106 | 21969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1374373, 13.040%, 1/25/2029 †x◇ | SoFi | 3/17/2022 | 21017 | 21459 | 21426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1374410, 12.440%, 1/11/2029 †x | SoFi | 3/17/2022 | 26160 | 26701 | 26403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1374768, 13.590%, 1/11/2029 †x | SoFi | 4/19/2022 | 21972 | 22441 | 22358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1375686, 8.130%, 1/12/2027 †x◇ | SoFi | 5/17/2022 | 21518 | 21700 | 21565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1375866, 0.000%, 2/09/2028 †x | Best Egg | 6/13/2022 | 25512 | 25512 | 22366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1378616, 10.180%, 1/16/2027 †x◇ | SoFi | 3/17/2022 | 22343 | 22536 | 22399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1379963, 14.090%, 1/20/2029 †x◇ | SoFi | 3/17/2022 | 34613 | 35350 | 35379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1380154, 12.340%, 1/14/2029 †x◇ | SoFi | 3/17/2022 | 26109 | 26649 | 26619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1380931, 7.260%, 4/13/2028 †x | Best Egg | 6/16/2022 | 21776 | 21776 | 21457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1398264, 12.990%, 2/17/2029 †x | SoFi | 5/17/2022 | 23068 | 23568 | 23246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1402379, 13.390%, 2/08/2029 †x◇ | SoFi | 5/17/2022 | 26662 | 27241 | 27469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1405701, 12.880%, 4/11/2028 †x◇ | SoFi | 5/17/2022 | 23078 | 23492 | 23441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1406944, 13.940%, 2/15/2029 †x◇ | SoFi | 5/17/2022 | 21977 | 22457 | 22463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1407768, 15.130%, 11/01/2027 †x◇ | Best Egg | 7/05/2022 | 26170 | 26170 | 25627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1409250, 13.060%, 5/25/2027 †x◇ | SoFi | 5/17/2022 | 28538 | 28849 | 28794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1411935, 9.180%, 2/18/2027 †x◇ | SoFi | 5/17/2022 | 23838 | 24063 | 23929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1414431, 14.890%, 2/20/2029 †x◇ | SoFi | 6/22/2022 | 21615 | 22105 | 22034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1415931, 14.690%, 2/19/2029 †x◇ | SoFi | 6/22/2022 | 27736 | 28356 | 28498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1421416, 11.640%, 4/11/2027 †x | Best Egg | 7/14/2022 | 23484 | 23484 | 23216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1423369, 12.410%, 3/01/2027 †x#◇ | SoFi | 6/22/2022 | 24515 | 24772 | 24659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1428202, 25.380%, 5/14/2028 †x# | Best Egg | 7/18/2022 | 22988 | 22988 | 23094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1428288, 8.930%, 3/16/2027 †x◇ | SoFi | 7/22/2022 | 21838 | 22062 | 21897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1428615, 12.535%, 3/05/2027 †x◇ | SoFi | 6/22/2022 | 23834 | 24083 | 23918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1430964, 0.000%, 4/17/2028 †x# | Best Egg | 7/20/2022 | 34222 | 34222 | 26643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1431757, 12.340%, 3/15/2029 †x | SoFi | 7/22/2022 | 27426 | 28031 | 27697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1432076, 21.480%, 5/18/2028 †x# | Best Egg | 7/21/2022 | 25079 | 25079 | 24777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1432259, 12.660%, 2/20/2029 †x# | SoFi | 6/22/2022 | 43390 | 45112 | 33959 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**2** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 1432576, 10.180%, 3/15/2027 †x◇ | SoFi | 7/22/2022 | $25718 | $25960 | $25801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1433643, 14.890%, 3/09/2029 †x◇ | SoFi | 7/22/2022 | 30120 | 30805 | 30857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1433660, 11.440%, 3/07/2027 †x◇ | SoFi | 6/22/2022 | 21403 | 21625 | 21498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1437812, 16.610%, 2/24/2028 †x# | Best Egg | 7/27/2022 | 28518 | 28518 | 28229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1442927, 13.690%, 3/15/2029 †x◇ | SoFi | 7/29/2022 | 23879 | 24416 | 24467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1443131, 17.090%, 6/01/2028 †x#◇ | Best Egg | 7/29/2022 | 29334 | 29334 | 28212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1445641, 21.950%, 4/01/2028 †x | Best Egg | 8/01/2022 | 22020 | 22020 | 21863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1455761, 14.290%, 3/24/2029 †x◇ | SoFi | 6/22/2022 | 33807 | 34571 | 34881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1465432, 12.340%, 4/05/2029 †x | SoFi | 6/22/2022 | 27959 | 28577 | 28243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1493171, 22.460%, 7/05/2028 †x | Best Egg | 9/08/2022 | 23731 | 23731 | 23417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1503147, 8.930%, 5/10/2027 †x◇ | SoFi | 9/15/2022 | 29329 | 30046 | 29371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1504871, 8.930%, 5/12/2027 †x◇ | SoFi | 7/22/2022 | 27031 | 27334 | 27139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1508157, 16.610%, 9/13/2027 †x◇ | Best Egg | 9/16/2022 | 20444 | 20444 | 20444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1508252, 13.315%, 5/15/2029 †x◇ | SoFi | 9/15/2022 | 20289 | 20857 | 20729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1509479, 15.390%, 5/16/2029 †x◇ | SoFi | 9/15/2022 | 29827 | 30665 | 30663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1511875, 13.340%, 5/17/2029 †x# | SoFi | 9/15/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1527129, 15.390%, 6/05/2029 †x◇ | SoFi | 9/15/2022 | 30457 | 31314 | 31381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1529150, 14.790%, 6/05/2029 †x◇ | SoFi | 9/15/2022 | 20370 | 20942 | 21031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1534376, 11.590%, 6/07/2029 †x◇ | SoFi | 9/15/2022 | 28833 | 29640 | 29776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1540448, 0.000%, 6/06/2028 †x | Best Egg | 10/11/2022 | 42408 | 42408 | 36936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1542628, 13.190%, 6/15/2029 †x◇ | SoFi | 9/15/2022 | 23605 | 24267 | 24120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1543046, 13.940%, 6/16/2029 †x# | SoFi | 9/15/2022 | 37205 | 38248 | 37316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1544256, 12.940%, 6/15/2029 †x#◇ | SoFi | 9/15/2022 | 29647 | 30477 | 30306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1545891, 15.460%, 3/10/2028 †x#◇ | Best Egg | 10/13/2022 | 24524 | 24524 | 24445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1547043, 12.890%, 6/21/2028 †x◇ | SoFi | 9/15/2022 | 24139 | 24793 | 24570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1547968, 11.840%, 6/21/2029 †x◇ | SoFi | 9/15/2022 | 34716 | 35689 | 35563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1550055, 5.900%, 8/27/2030 †x# | Best Egg | 10/17/2022 | 24573 | 24573 | 22894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1551491, 12.940%, 6/22/2029 †x | SoFi | 9/15/2022 | 27141 | 27903 | 27217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1553033, 10.130%, 6/25/2028 †x | SoFi | 9/15/2022 | 20159 | 20704 | 20221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1555817, 11.540%, 6/24/2027 †x◇ | SoFi | 9/15/2022 | 21072 | 21599 | 21210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1556293, 25.820%, 6/18/2028 †x# | Best Egg | 10/21/2022 | 23900 | 23900 | 24252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1558195, 16.120%, 12/19/2027 †x# | Best Egg | 10/24/2022 | 24043 | 24043 | 23907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1574214, 17.190%, 7/25/2029 †x | SoFi | 10/21/2022 | 26969 | 27491 | 27699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1575045, 11.780%, 7/11/2028 †§x | SoFi | 10/21/2022 | 21995 | 22320 | 22434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1577950, 11.180%, 7/12/2027 †§x | SoFi | 10/21/2022 | 20521 | 20731 | 20612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1578260, 12.060%, 7/12/2027 †§x | SoFi | 10/21/2022 | 31241 | 31564 | 31564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1578595, 11.590%, 7/13/2029 †x | SoFi | 10/21/2022 | 32358 | 32932 | 32730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1579705, 10.180%, 7/18/2027 †§x | SoFi | 10/21/2022 | 33792 | 34135 | 33943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1579763, 14.940%, 7/13/2029 †x | SoFi | 10/21/2022 | 24646 | 25102 | 25232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1580267, 12.900%, 7/14/2029 †x | SoFi | 10/21/2022 | 29967 | 30508 | 30750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1581366, 9.760%, 11/07/2027 †x◇ | Best Egg | 11/10/2022 | 20310 | 20310 | 20237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1583104, 15.390%, 7/18/2029 †x | SoFi | 10/21/2022 | 29132 | 29675 | 30069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1584262, 15.790%, 7/18/2029 †x | SoFi | 10/21/2022 | 30643 | 31217 | 31825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1589292, 13.440%, 7/21/2029 †x | SoFi | 10/21/2022 | 39660 | 40383 | 40307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 159786793, 22.540%, 5/01/2027 †x# | Upgrade | 5/02/2022 | 24630 | 24630 | 21359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 162981378, 16.260%, 5/16/2027 †x# | Upgrade | 5/19/2022 | 31016 | 31016 | 28433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1662055, 8.470%, 1/18/2028 †x◇ | Best Egg | 1/23/2023 | 21684 | 21684 | 21701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1672460, 20.980%, 2/07/2028 †x◇ | Best Egg | 1/30/2023 | 22189 | 22189 | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1676779, 20.970%, 6/01/2028 †x | Best Egg | 2/02/2023 | 21413 | 21413 | 21824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 174793992, 22.070%, 7/14/2027 †x# | Upgrade | 7/18/2022 | 22164 | 22164 | 20847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1784404, 10.280%, 7/01/2028 †x | Best Egg | 5/04/2023 | 19690 | 19690 | 20242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1784472, 19.830%, 6/15/2028 †x◇ | Best Egg | 5/04/2023 | 19885 | 19885 | 20158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1785743, 10.740%, 10/01/2028 †x | Best Egg | 5/04/2023 | 20212 | 20212 | 20984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1795014, 12.730%, 9/08/2028 †x | Best Egg | 5/11/2023 | 19539 | 19539 | 20066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1801076, 16.610%, 6/14/2028 †x◇ | Best Egg | 5/17/2023 | 21562 | 21562 | 22109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1817488, 17.090%, 7/23/2028 †x | Best Egg | 5/26/2023 | 30895 | 30895 | 31783 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**3** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 1823103, 20.980%, 7/01/2028 †x◇ | Best Egg | 6/01/2023 | $20939 | $20939 | $21274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 182381840, 23.190%, 1/13/2028 †x# | Lending Club | 11/02/2021 | 19787 | 19787 | 20265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1826960, 16.610%, 7/16/2028 †x◇ | Best Egg | 6/02/2023 | 21792 | 21792 | 22190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1827960, 9.670%, 7/01/2028 †x◇ | Best Egg | 6/05/2023 | 26361 | 26361 | 26901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1829518, 22.430%, 12/01/2028 †x#◇ | Best Egg | 6/05/2023 | 29543 | 29543 | 30069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1830490, 11.200%, 7/01/2028 †x◇ | Best Egg | 6/05/2023 | 26816 | 26816 | 27352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1833221, 15.460%, 7/04/2028 †x◇ | Best Egg | 6/07/2023 | 28116 | 28116 | 28611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1837147, 11.200%, 7/06/2028 †x◇ | Best Egg | 6/09/2023 | 21452 | 21452 | 21788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1837260, 8.130%, 7/26/2028 †x#◇ | Best Egg | 6/09/2023 | 20907 | 20907 | 21260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1840497, 9.130%, 6/15/2028 †x◇ | Best Egg | 6/12/2023 | 25213 | 25213 | 25616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1843025, 11.650%, 7/11/2028 †x◇ | Best Egg | 6/14/2023 | 22227 | 22227 | 22706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1850338, 16.920%, 12/14/2028 †x# | Best Egg | 6/20/2023 | 19736 | 19736 | 20183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1851065, 11.420%, 7/15/2028 †x◇ | Best Egg | 6/20/2023 | 22284 | 22284 | 22781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1859505, 21.390%, 2/21/2029 †x# | Best Egg | 6/26/2023 | 41788 | 41788 | 42661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1860289, 5.900%, 4/22/2030 †x# | Best Egg | 6/26/2023 | 30038 | 30038 | 25164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1861714, 23.400%, 11/22/2028 †x◇ | Best Egg | 6/26/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1862762, 11.420%, 7/25/2028 †x#◇ | Best Egg | 6/28/2023 | 25348 | 25348 | 25956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1866892, 11.420%, 8/19/2028 †x◇ | Best Egg | 6/30/2023 | 28184 | 28184 | 28761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1866898, 14.170%, 12/01/2028 †x◇ | Best Egg | 6/30/2023 | 37017 | 37017 | 37673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1867940, 9.130%, 9/15/2028 †x#◇ | Best Egg | 6/30/2023 | 22769 | 22769 | 23172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1872453, 10.280%, 8/02/2028 †x#◇ | Best Egg | 7/05/2023 | 24640 | 24640 | 25021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1873128, 18.990%, 7/02/2028 †x◇ | Best Egg | 7/05/2023 | 26013 | 26013 | 26428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1874568, 20.940%, 8/04/2028 †x◇ | Best Egg | 7/07/2023 | 30594 | 30594 | 31181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1874759, 13.210%, 8/04/2028 †x# | Best Egg | 7/07/2023 | 25833 | 25833 | 26398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1882525, 13.950%, 4/05/2030 †x◇ | SoFi | 6/29/2023 | 21088 | 21550 | 21340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1883783, 12.700%, 8/22/2028 †x◇ | Best Egg | 7/13/2023 | 22725 | 22725 | 23184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1888212, 11.650%, 7/12/2028 †x◇ | Best Egg | 7/17/2023 | 26155 | 26155 | 26654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1891319, 15.410%, 4/11/2029 †x◇ | SoFi | 6/29/2023 | 41626 | 42521 | 42487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1892493, 14.310%, 1/11/2030 †x# | SoFi | 6/29/2023 | 22709 | 23231 | 24632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1893643, 17.580%, 8/17/2028 †x◇ | Best Egg | 7/20/2023 | 29597 | 29597 | 30298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 189425018, 23.260%, 10/21/2027 †x | Upgrade | 10/11/2022 | 24610 | 24551 | 24816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1898901, 11.250%, 9/01/2028 †x◇ | Best Egg | 7/24/2023 | 22031 | 22031 | 22449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1901076, 12.990%, 4/18/2030 †x◇ | SoFi | 6/29/2023 | 24503 | 25039 | 24886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1902557, 25.150%, 9/23/2028 †x# | Best Egg | 7/26/2023 | 26315 | 26315 | 26972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1902707, 5.900%, 3/27/2029 †x# | Best Egg | 7/26/2023 | 28614 | 28614 | 26721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1903702, 17.970%, 4/19/2028 †x#◇ | SoFi | 6/29/2023 | 24387 | 24890 | 24632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1904305, 14.210%, 4/19/2028 †x◇ | SoFi | 6/29/2023 | 31266 | 31913 | 31673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1907435, 13.560%, 4/21/2028 †x◇ | SoFi | 6/29/2023 | 31042 | 31684 | 31539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1907919, 13.135%, 4/21/2028 †x◇ | SoFi | 6/29/2023 | 36027 | 36772 | 36600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1908255, 5.900%, 7/17/2029 †x | Best Egg | 7/31/2023 | 29106 | 29106 | 26419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1909597, 10.210%, 9/01/2028 †x◇ | Best Egg | 7/31/2023 | 28261 | 28261 | 28703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1909727, 14.750%, 4/23/2030 †x◇ | SoFi | 6/29/2023 | 35674 | 36456 | 36235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1911148, 11.040%, 9/01/2028 †x◇ | Best Egg | 8/02/2023 | 22772 | 22772 | 23069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1911601, 10.510%, 10/01/2028 †x | Best Egg | 8/02/2023 | 30972 | 30972 | 31414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1912410, 12.200%, 4/25/2028 †x◇ | SoFi | 6/29/2023 | 30527 | 31157 | 30832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1913231, 12.700%, 9/01/2028 †x◇ | Best Egg | 8/02/2023 | 21350 | 21350 | 21664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191664104, 13.640%, 10/11/2027 †§x | Upgrade | 10/14/2022 | 20573 | 20488 | 20673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1924030, 13.810%, 5/05/2028 †x#◇ | SoFi | 6/29/2023 | 25632 | 26162 | 25858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1926266, 15.470%, 5/05/2027 †x◇ | SoFi | 6/29/2023 | 35419 | 36086 | 35621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1927583, 15.850%, 5/05/2030 †x◇ | SoFi | 6/29/2023 | 34383 | 35138 | 34848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1932844, 15.560%, 6/21/2028 †x#◇ | SoFi | 6/29/2023 | 19935 | 20351 | 20251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1936062, 15.170%, 5/10/2029 †x# | SoFi | 6/29/2023 | 37269 | 38069 | 37461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1940449, 14.060%, 5/15/2028 †x◇ | SoFi | 6/29/2023 | 25244 | 25768 | 25584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194858149, 5.000%, 10/31/2028 †x# | Lending Club | 10/25/2022 | 20319 | 20141 | 20562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1958448, 6.820%, 10/06/2027 †x◇ | Best Egg | 9/05/2023 | 21171 | 21171 | 21490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195876495, 5.000%, 11/29/2028 †x# | Lending Club | 12/01/2022 | 23338 | 23024 | 21282 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**4** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 1958796, 10.440%, 10/01/2028 †x◇ | Best Egg | 9/05/2023 | $29071 | $29071 | $29437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1958940, 17.060%, 10/17/2028 †x◇ | Best Egg | 9/07/2023 | 31429 | 31429 | 32323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1959231, 10.440%, 10/16/2028 †x◇ | Best Egg | 9/07/2023 | 24260 | 24260 | 24751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1959952, 22.870%, 12/04/2028 †x#◇ | Best Egg | 9/07/2023 | 37788 | 37788 | 38920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1961001, 9.230%, 9/04/2028 †x◇ | Best Egg | 9/07/2023 | 20080 | 20080 | 20348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1961446, 12.180%, 1/04/2029 †x# | Best Egg | 9/07/2023 | 22780 | 22780 | 23167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1962446, 23.780%, 2/05/2029 †x | Best Egg | 9/08/2023 | 19679 | 19679 | 20070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1962658, 11.950%, 9/05/2028 †x◇ | Best Egg | 9/08/2023 | 27074 | 27074 | 27488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1964851, 12.640%, 9/06/2028 †x◇ | Best Egg | 9/11/2023 | 27764 | 27764 | 28149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1967447, 24.260%, 9/10/2028 †x◇ | Best Egg | 9/13/2023 | 33064 | 33064 | 33853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1968236, 7.360%, 10/15/2028 †x◇ | Best Egg | 9/13/2023 | 22539 | 22539 | 22871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1970086, 15.150%, 10/22/2028 †x◇ | Best Egg | 9/14/2023 | 19615 | 19615 | 20173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1973090, 19.090%, 9/13/2028 †x◇ | Best Egg | 9/18/2023 | 25287 | 25287 | 26009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1973207, 8.330%, 9/13/2028 †x◇ | Best Egg | 9/18/2023 | 19888 | 19888 | 20180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1973457, 19.910%, 1/13/2028 †x | Best Egg | 9/18/2023 | 33080 | 33080 | 34411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1974259, 10.440%, 9/14/2028 †x◇ | Best Egg | 9/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1974703, 10.460%, 10/26/2027 †x#◇ | Best Egg | 9/18/2023 | 22445 | 22445 | 22930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1976173, 0.000%, 5/17/2029 †x# | Best Egg | 9/20/2023 | 43880 | 43880 | 31605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1976307, 11.950%, 9/17/2028 †x◇ | Best Egg | 9/20/2023 | 19773 | 19773 | 20115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1978622, 13.200%, 9/18/2028 †x◇ | Best Egg | 9/21/2023 | 29864 | 29864 | 30350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1978758, 20.720%, 10/21/2028 †x◇ | Best Egg | 9/21/2023 | 22518 | 22518 | 23152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 198021003, 12.660%, 11/21/2027 †x# | Upgrade | 11/25/2022 | 27768 | 27648 | 27706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1980695, 9.880%, 9/20/2027 †x◇ | Best Egg | 9/25/2023 | 21440 | 21440 | 21866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1982153, 20.200%, 9/21/2028 †x◇ | Best Egg | 9/25/2023 | 21390 | 21390 | 21990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1983276, 18.530%, 9/21/2028 †x◇ | Best Egg | 9/25/2023 | 30429 | 30429 | 31349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1984028, 21.690%, 9/24/2028 †x◇ | Best Egg | 9/27/2023 | 24215 | 24215 | 25062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1986944, 7.360%, 11/01/2028 †x◇ | Best Egg | 9/29/2023 | 29001 | 29001 | 29418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1987218, 7.360%, 11/01/2028 †x◇ | Best Egg | 9/29/2023 | 26100 | 26100 | 26476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1987240, 9.620%, 11/01/2027 †x◇ | Best Egg | 9/29/2023 | 20014 | 20014 | 20422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1987884, 5.900%, 11/02/2029 †x | Best Egg | 10/02/2023 | 33738 | 33738 | 31072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1988430, 6.380%, 11/01/2028 †x◇ | Best Egg | 10/02/2023 | 21356 | 21356 | 21670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 198913186, 14.630%, 11/28/2027 †x# | Upgrade | 11/28/2022 | 32694 | 32547 | 25476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 198937070, 12.660%, 11/21/2027 †§x | Upgrade | 11/25/2022 | 21179 | 21087 | 21330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1991067, 22.870%, 11/17/2028 †x◇ | Best Egg | 10/04/2023 | 27935 | 27533 | 28658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1991897, 9.820%, 10/01/2028 †x◇ | Best Egg | 10/04/2023 | 22266 | 21959 | 22545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1992800, 15.460%, 10/01/2028 †x◇ | Best Egg | 10/04/2023 | 31082 | 30651 | 31882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 199385443, 12.770%, 11/23/2027 †§x | Upgrade | 11/28/2022 | 21217 | 21126 | 21241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1994356, 12.930%, 12/02/2028 †x | Best Egg | 10/05/2023 | 33148 | 32686 | 33566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1997790, 11.760%, 10/05/2028 †x◇ | Best Egg | 10/10/2023 | 21189 | 20896 | 21802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1998889, 8.850%, 11/05/2028 †x◇ | Best Egg | 10/10/2023 | 27631 | 27249 | 28000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1999972, 25.080%, 9/30/2028 †x# | Prosper | 12/19/2022 | 20642 | 20538 | 20384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2001175, 11.760%, 10/09/2028 †x◇ | Best Egg | 10/12/2023 | 22782 | 22467 | 23080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2001561, 19.330%, 10/01/2028 †x# | Prosper | 12/21/2022 | 22282 | 22171 | 20473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2001762, 20.460%, 1/09/2029 †x#◇ | Best Egg | 10/12/2023 | 29015 | 28601 | 29796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2002828, 10.510%, 10/09/2028 †x◇ | Best Egg | 10/12/2023 | 29896 | 29483 | 30241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2002937, 27.130%, 11/21/2028 †x◇ | Best Egg | 10/16/2023 | 20993 | 20691 | 21315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2003520, 17.560%, 12/10/2028 †x | Best Egg | 10/13/2023 | 25631 | 25272 | 26530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2003938, 18.840%, 9/10/2028 †x◇ | Best Egg | 10/13/2023 | 25549 | 25165 | 26244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2009444, 19.980%, 10/16/2028 †x◇ | Best Egg | 10/19/2023 | 20251 | 19969 | 20930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2014692, 23.360%, 12/22/2028 †x | Best Egg | 10/25/2023 | 26226 | 25849 | 27173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2014885, 22.390%, 3/22/2029 †x# | Best Egg | 10/25/2023 | 29676 | 29250 | 30655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2014958, 9.760%, 10/22/2027 †x◇ | Best Egg | 10/25/2023 | 23221 | 22917 | 23634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2015291, 19.300%, 2/29/2028 †§x# | Prosper | 1/30/2023 | 21769 | 21721 | 21664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2017767, 11.200%, 10/23/2028 †x◇ | Best Egg | 10/26/2023 | 30103 | 29686 | 30561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2018838, 19.170%, 1/26/2028 †§x# | Prosper | 1/30/2023 | 20114 | 20059 | 20366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2019221, 25.280%, 10/24/2028 †x◇ | Best Egg | 10/27/2023 | 21160 | 20863 | 21564 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**5** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2020510, 17.580%, 12/16/2028 †x#◇ | Best Egg | 10/30/2023 | $23387 | $23055 | $24144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021398, 11.490%, 11/01/2028 †x#◇ | Best Egg | 10/30/2023 | 26526 | 26157 | 26787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021573, 20.030%, 12/01/2028 †x◇ | Best Egg | 10/30/2023 | 33675 | 33203 | 34015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2021750, 12.930%, 12/18/2028 †x◇ | Best Egg | 10/30/2023 | 31612 | 31170 | 31983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2022944, 17.560%, 1/23/2029 †x◇ | Best Egg | 11/01/2023 | 22404 | 22089 | 23092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 202451821, 5.000%, 6/27/2029 †x# | Lending Club | 7/17/2023 | 21326 | 20849 | 21821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024751, 12.930%, 12/01/2028 †x#◇ | Best Egg | 11/02/2023 | 19757 | 19481 | 20102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025782, 23.650%, 12/01/2028 †x | Best Egg | 11/03/2023 | 23278 | 22951 | 23958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025991, 16.360%, 11/01/2028 †x◇ | Best Egg | 11/03/2023 | 28319 | 27924 | 29149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2028146, 10.210%, 11/02/2028 †x◇ | Best Egg | 11/06/2023 | 30603 | 30179 | 31173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 202857117, 15.000%, 8/21/2029 †x# | Lending Club | 8/09/2023 | 20098 | 19577 | 21015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2032030, 18.060%, 11/06/2028 †x◇ | Best Egg | 11/09/2023 | 20591 | 20301 | 20903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2032779, 9.270%, 11/07/2027 †x◇ | Best Egg | 11/10/2023 | 24157 | 23840 | 24608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2033132, 11.760%, 12/19/2028 †x◇ | Best Egg | 11/10/2023 | 25043 | 24693 | 25503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2033972, 14.170%, 12/12/2028 †x◇ | Best Egg | 11/13/2023 | 25482 | 25125 | 25932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2034540, 18.280%, 11/08/2028 †x◇ | Best Egg | 11/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2034665, 22.800%, 2/02/2029 †x# | Prosper | 3/06/2023 | 22864 | 22750 | 21756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2041706, 21.990%, 2/15/2029 †x# | Best Egg | 11/20/2023 | 23863 | 23526 | 24256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2049865, 25.900%, 7/01/2028 †x# | Best Egg | 11/29/2023 | 31959 | 31499 | 32652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2050691, 19.200%, 4/15/2028 †§x | Prosper | 4/06/2023 | 20778 | 20721 | 20587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2052018, 21.870%, 1/01/2029 †x◇ | Best Egg | 11/30/2023 | 34652 | 34164 | 35604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2052152, 20.690%, 1/01/2029 †x◇ | Best Egg | 11/30/2023 | 27639 | 27251 | 28440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2053617, 17.330%, 4/03/2028 †§x | Prosper | 4/05/2023 | 21252 | 21196 | 21127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2055576, 11.760%, 1/01/2029 †x | Best Egg | 12/04/2023 | 25845 | 25483 | 26450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2055663, 10.280%, 1/01/2029 †x◇ | Best Egg | 12/04/2023 | 20083 | 19803 | 20587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2055709, 11.760%, 1/01/2029 †x◇ | Best Egg | 12/04/2023 | 31905 | 31460 | 32629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2056288, 21.910%, 1/01/2029 †x◇ | Best Egg | 12/04/2023 | 22619 | 22301 | 23287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2056895, 13.200%, 1/20/2029 †x#◇ | Best Egg | 12/04/2023 | 21559 | 21257 | 21973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2059028, 18.530%, 12/03/2028 †x◇ | Best Egg | 12/06/2023 | 27027 | 26649 | 27808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 206363650, 26.490%, 10/10/2029 †x# | Lending Club | 1/30/2024 | 21081 | 20368 | 20699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2064757, 23.360%, 12/06/2028 †x◇ | Best Egg | 12/11/2023 | 25654 | 25294 | 26439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2069438, 13.250%, 5/08/2028 †§x | Prosper | 5/10/2023 | 20803 | 20749 | 20223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2069453, 19.400%, 5/08/2028 †§x | Prosper | 5/10/2023 | 21113 | 21054 | 20959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2070879, 25.760%, 12/11/2028 †x◇ | Best Egg | 12/14/2023 | 25001 | 24649 | 25444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2071655, 20.230%, 1/20/2029 †x◇ | Best Egg | 12/14/2023 | 20733 | 20437 | 21322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2072179, 16.590%, 6/02/2028 †§x# | Prosper | 5/10/2023 | 22063 | 22002 | 21599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2072203, 18.500%, 5/08/2028 †§x | Prosper | 5/10/2023 | 20910 | 20853 | 20786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2072640, 17.850%, 2/12/2028 †x | Best Egg | 12/15/2023 | 31311 | 30885 | 32834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2072907, 26.060%, 2/17/2029 †x# | Prosper | 5/10/2023 | 23807 | 23688 | 23953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2073498, 26.060%, 6/07/2028 †§x# | Prosper | 5/10/2023 | 21375 | 21309 | 22626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2073675, 21.310%, 5/09/2028 †§x | Prosper | 5/11/2023 | 21541 | 21479 | 21911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2073917, 20.430%, 2/13/2029 †x | Best Egg | 12/18/2023 | 20357 | 20066 | 21112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2077697, 12.700%, 6/15/2028 †§x | Prosper | 6/05/2023 | 21516 | 21446 | 20806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 207792958, 14.630%, 2/01/2028 †x | Upgrade | 1/20/2023 | 25019 | 24902 | 25231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 207827965, 14.630%, 1/16/2028 †x | Upgrade | 1/17/2023 | 28146 | 28011 | 28121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 207847217, 15.600%, 3/11/2028 †x | Upgrade | 1/17/2023 | 26253 | 26123 | 26627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 207957714, 12.430%, 1/22/2028 †§x | Upgrade | 1/23/2023 | 22292 | 22187 | 22386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2080984, 26.060%, 6/01/2028 †x | Prosper | 6/05/2023 | 22041 | 22041 | 23175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208170688, 15.600%, 1/17/2028 †§x | Upgrade | 1/20/2023 | 23840 | 23724 | 24300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2082321, 15.050%, 6/15/2028 †§x | Prosper | 6/06/2023 | 22144 | 22070 | 21788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2082336, 14.380%, 3/16/2029 †x | Prosper | 6/06/2023 | 26675 | 26527 | 26066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208240109, 14.620%, 1/17/2028 †x | Upgrade | 1/17/2023 | 20384 | 20286 | 20517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208241810, 15.000%, 8/15/2029 †x | Lending Club | 6/07/2024 | 27041 | 26483 | 22106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208292954, 14.630%, 1/13/2028 †x | Upgrade | 1/17/2023 | 23043 | 22934 | 23363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208317755, 15.600%, 1/13/2028 †§x | Upgrade | 1/17/2023 | 20264 | 20166 | 20705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208319678, 14.620%, 1/11/2028 †§x | Upgrade | 1/17/2023 | 19868 | 19773 | 20019 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**6** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 208331875, 14.620%, 1/31/2028 †x# | Upgrade | 1/23/2023 | $35111 | $34955 | $27829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208385820, 15.600%, 1/13/2028 †§x | Upgrade | 1/17/2023 | 20285 | 20191 | 20727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2084303, 8.530%, 12/17/2028 †x◇ | Best Egg | 12/20/2023 | 29278 | 28872 | 29810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2085588, 19.650%, 1/22/2028 †x◇ | Best Egg | 12/20/2023 | 22368 | 22066 | 22927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208614300, 15.600%, 1/17/2028 †§x | Upgrade | 1/20/2023 | 19978 | 19881 | 20429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 208967945, 14.620%, 1/18/2028 †§x | Upgrade | 1/23/2023 | 21192 | 21090 | 21166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2090729, 11.760%, 12/21/2028 †x◇ | Best Egg | 12/26/2023 | 25491 | 25134 | 26156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 209111674, 14.990%, 1/31/2029 †x | Lending Club | 7/23/2024 | 25467 | 24916 | 25332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 209367118, 12.740%, 7/22/2029 †§x | Lending Club | 7/12/2024 | 22577 | 22138 | 22258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 209413267, 10.000%, 2/12/2030 †x# | Lending Club | 7/16/2024 | 22022 | 21514 | 20115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2095815, 17.330%, 7/15/2028 †§x | Prosper | 7/07/2023 | 23197 | 23106 | 23089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2095857, 13.750%, 7/05/2028 †§x | Prosper | 7/07/2023 | 21350 | 21271 | 20823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2101229, 20.940%, 12/25/2028 †x#◇ | Best Egg | 12/28/2023 | 34443 | 33958 | 35792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2101472, 20.910%, 4/25/2029 †x# | Best Egg | 12/28/2023 | 22529 | 22207 | 23281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2101651, 12.000%, 5/25/2028 †x# | Best Egg | 12/28/2023 | 26535 | 26169 | 27410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 210430084, 10.490%, 8/28/2029 †§x# | Lending Club | 8/30/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2108339, 14.180%, 1/01/2029 †x◇ | Best Egg | 1/04/2024 | 19993 | 19714 | 20459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2109896, 24.880%, 8/15/2028 †§x | Prosper | 8/17/2023 | 19193 | 19129 | 20280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 211023263, 10.000%, 3/24/2030 †x# | Lending Club | 9/26/2024 | 33706 | 33017 | 26022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2110925, 12.930%, 5/02/2029 †x | Best Egg | 1/05/2024 | 27654 | 27263 | 28293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2111897, 14.170%, 1/02/2029 †x◇ | Best Egg | 1/05/2024 | 33319 | 32853 | 34101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2112075, 9.760%, 2/14/2029 †x◇ | Best Egg | 1/05/2024 | 27121 | 26741 | 27731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2112266, 21.400%, 8/22/2028 †§x# | Prosper | 8/24/2023 | 23407 | 23330 | 23713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2112269, 20.330%, 8/22/2028 †§x | Prosper | 8/24/2023 | 22654 | 22582 | 23128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2112999, 9.820%, 1/03/2029 †x◇ | Best Egg | 1/08/2024 | 20696 | 20408 | 21166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2113342, 17.090%, 1/03/2029 †x◇ | Best Egg | 1/08/2024 | 20475 | 20188 | 20924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2116110, 20.330%, 8/22/2028 †§x | Prosper | 8/24/2023 | 23118 | 23045 | 23593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2116122, 24.280%, 8/22/2028 †§x | Prosper | 8/24/2023 | 20726 | 20657 | 21964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2116768, 13.700%, 9/08/2028 †§x | Prosper | 8/17/2023 | 22932 | 22854 | 22388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2117908, 18.070%, 8/22/2028 †§x# | Prosper | 8/21/2023 | 23933 | 23858 | 24272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2119064, 22.500%, 9/15/2028 †§x | Prosper | 9/14/2023 | 21000 | 20931 | 21581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2122830, 15.730%, 9/11/2028 †§x | Prosper | 9/13/2023 | 20237 | 20175 | 20073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2123139, 25.930%, 9/12/2028 †§x | Prosper | 9/14/2023 | 18950 | 18877 | 20012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2123145, 24.970%, 3/25/2029 †x# | Prosper | 9/14/2023 | 20779 | 20675 | 22114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2123160, 18.060%, 1/04/2029 †x◇ | Best Egg | 1/08/2024 | 34205 | 33726 | 34857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2123985, 18.070%, 1/04/2029 †x◇ | Best Egg | 1/08/2024 | 34391 | 33909 | 35414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2127022, 15.150%, 2/07/2029 †x | Best Egg | 1/10/2024 | 29005 | 28596 | 29639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2127263, 19.520%, 1/12/2029 †x#◇ | Best Egg | 1/11/2024 | 22069 | 21758 | 22759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2129981, 14.850%, 4/10/2029 †x | Prosper | 10/12/2023 | 21694 | 21610 | 20656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2130416, 14.250%, 11/04/2028 †§x# | Prosper | 10/13/2023 | 24189 | 24117 | 23696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2130425, 14.950%, 10/11/2028 †§x | Prosper | 10/13/2023 | 24370 | 24293 | 23574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2132102, 10.300%, 1/11/2029 †x◇ | Best Egg | 1/16/2024 | 32221 | 31772 | 32987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2132158, 18.280%, 2/15/2029 †x◇ | Best Egg | 1/16/2024 | 29314 | 28900 | 30307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2132708, 18.530%, 2/20/2029 †x◇ | Best Egg | 1/16/2024 | 21670 | 21359 | 22550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 213317251, 26.490%, 5/24/2031 †x | Lending Club | 12/27/2024 | 23707 | 23114 | 23135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2133909, 17.480%, 10/10/2028 †§x | Prosper | 10/12/2023 | 24992 | 24911 | 24907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2133927, 14.850%, 10/16/2028 †§x | Prosper | 10/12/2023 | 24447 | 24369 | 24020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2134422, 25.030%, 10/11/2028 †§x | Prosper | 10/13/2023 | 20473 | 20401 | 21594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2134474, 12.930%, 1/15/2029 †x◇ | Best Egg | 1/18/2024 | 19782 | 19506 | 20242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2134522, 17.480%, 1/15/2028 †x◇ | Best Egg | 1/18/2024 | 28258 | 27878 | 29523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2135278, 19.980%, 1/15/2029 †x◇ | Best Egg | 1/18/2024 | 34902 | 34412 | 36014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2136925, 14.980%, 10/10/2028 †§x | Prosper | 10/12/2023 | 24574 | 24459 | 24273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2136937, 18.800%, 5/17/2029 †x# | Prosper | 10/12/2023 | 28076 | 27936 | 25718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2136943, 24.820%, 10/10/2028 †§x | Prosper | 10/12/2023 | 20438 | 20367 | 21453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2137375, 14.980%, 10/11/2028 †§x | Prosper | 10/13/2023 | 24376 | 24300 | 24084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2137378, 14.850%, 10/11/2028 †§x | Prosper | 10/13/2023 | 24346 | 24270 | 23889 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**7** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 213742119, 20.240%, 7/21/2028 †x#◇ | Lending Club | 1/23/2025 | $20797 | $20538 | $20353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 213761904, 12.246%, 7/28/2028 †x#◇ | Lending Club | 1/23/2025 | 30535 | 30177 | 29657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 213793227, 13.990%, 5/21/2028 †x | Lending Club | 1/23/2025 | 29474 | 29146 | 24079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2137954, 18.530%, 1/16/2029 †x◇ | Best Egg | 1/19/2024 | 30153 | 29730 | 30788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2138615, 13.100%, 1/16/2028 †x◇ | Best Egg | 1/19/2024 | 21188 | 20905 | 21737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2138756, 9.820%, 1/16/2029 †x◇ | Best Egg | 1/19/2024 | 28874 | 28472 | 29590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 213929381, 11.490%, 1/24/2029 †x◇ | Lending Club | 1/28/2025 | 30914 | 30553 | 30553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2139572, 20.910%, 2/26/2029 †x#◇ | Best Egg | 1/22/2024 | 31981 | 31527 | 32823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2139758, 10.810%, 1/17/2029 †x◇ | Best Egg | 1/22/2024 | 23304 | 22980 | 23876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2140703, 14.420%, 1/18/2029 †x◇ | Best Egg | 1/22/2024 | 20033 | 19753 | 20715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 214093014, 14.130%, 2/21/2028 †§x | Upgrade | 2/24/2023 | 21838 | 21729 | 21861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2142214, 10.740%, 3/03/2029 †x#◇ | Best Egg | 1/24/2024 | 26681 | 26307 | 27372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2142291, 20.460%, 3/21/2029 †x | Best Egg | 1/24/2024 | 34796 | 34293 | 36321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2142306, 24.740%, 1/21/2029 †x◇ | Best Egg | 1/24/2024 | 27720 | 27322 | 28816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 214329327, 13.420%, 2/21/2028 †§x | Upgrade | 2/24/2023 | 20203 | 20103 | 20495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2143380, 11.990%, 2/21/2029 †x | Best Egg | 1/24/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 214406375, 29.490%, 2/28/2030 †x#◇ | Lending Club | 2/20/2025 | 22244 | 21940 | 21283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2146063, 9.820%, 1/23/2029 †x◇ | Best Egg | 1/26/2024 | 28874 | 28472 | 29700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2146823, 16.370%, 11/27/2028 †§x# | Prosper | 11/29/2023 | 23234 | 23156 | 23223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2147885, 23.600%, 12/03/2028 †§x | Prosper | 12/01/2023 | 22775 | 22661 | 23233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2147914, 18.860%, 1/24/2029 †x◇ | Best Egg | 1/29/2024 | 21428 | 21127 | 22393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2148155, 14.620%, 11/30/2028 †x | Prosper | 12/01/2023 | 26872 | 26782 | 21872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2150355, 21.240%, 11/28/2028 †§x# | Prosper | 11/30/2023 | 22103 | 22026 | 22074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 215045923, 15.600%, 2/24/2028 †§x# | Upgrade | 2/27/2023 | 19637 | 19536 | 20172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2150554, 18.050%, 3/01/2029 †x◇ | Best Egg | 1/31/2024 | 23264 | 22936 | 23955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2150572, 11.200%, 3/16/2029 †x◇ | Best Egg | 1/31/2024 | 25632 | 25273 | 26178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2150577, 20.830%, 6/24/2029 †x# | Prosper | 11/30/2023 | 27676 | 27674 | 28121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2151124, 18.020%, 3/01/2029 †x◇ | Best Egg | 1/31/2024 | 22979 | 22656 | 23663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2151335, 23.300%, 4/01/2029 †x | Best Egg | 1/31/2024 | 20903 | 20595 | 21273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2151804, 13.720%, 11/29/2028 †§x# | Prosper | 12/01/2023 | 24003 | 23925 | 23015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2151810, 22.000%, 11/29/2028 †§x# | Prosper | 12/01/2023 | 22240 | 22160 | 22489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2152098, 18.990%, 2/01/2029 †x◇ | Best Egg | 1/31/2024 | 33786 | 33309 | 34442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2152265, 19.030%, 2/01/2029 †x◇ | Best Egg | 1/31/2024 | 27731 | 27340 | 28503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2152729, 24.260%, 3/01/2029 †x◇ | Best Egg | 1/31/2024 | 20051 | 19767 | 20389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2153161, 23.620%, 2/01/2029 †x◇ | Best Egg | 2/01/2024 | 21374 | 21070 | 22069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2153530, 15.070%, 11/27/2028 †§x# | Prosper | 11/29/2023 | 23961 | 23882 | 23629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2153681, 22.350%, 5/01/2029 †x# | Best Egg | 2/01/2024 | 20450 | 20158 | 20864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2154150, 14.170%, 3/16/2029 †x◇ | Best Egg | 2/01/2024 | 29003 | 28596 | 29930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 215415116, 11.737%, 3/31/2030 †x#◇ | Lending Club | 4/02/2025 | 43554 | 42970 | 42650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2155239, 17.560%, 3/01/2029 †x◇ | Best Egg | 2/02/2024 | 35046 | 34553 | 36095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2155719, 17.000%, 6/01/2028 †x | Best Egg | 2/02/2024 | 23781 | 23442 | 24862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2155854, 16.400%, 3/01/2028 †x◇ | Best Egg | 2/02/2024 | 29073 | 28681 | 30367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2155952, 20.460%, 3/01/2029 †x◇ | Best Egg | 2/02/2024 | 20774 | 20480 | 21421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2157847, 18.050%, 4/01/2029 †x | Best Egg | 2/05/2024 | 24760 | 24411 | 25634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2158348, 15.630%, 2/01/2029 †x◇ | Best Egg | 2/05/2024 | 29046 | 28638 | 29673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2158366, 19.980%, 2/01/2029 †x◇ | Best Egg | 2/05/2024 | 31574 | 31129 | 32429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2158459, 17.090%, 3/25/2029 †x◇ | Best Egg | 2/05/2024 | 25656 | 25294 | 26207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2158563, 18.020%, 5/01/2029 †x | Best Egg | 2/05/2024 | 31472 | 31026 | 32591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2159087, 21.240%, 1/23/2029 †§x# | Prosper | 12/29/2023 | 20262 | 20188 | 20433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2160467, 8.780%, 2/04/2029 †x#◇ | Best Egg | 2/07/2024 | 21124 | 20830 | 21613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2160732, 19.500%, 1/06/2029 †x◇ | Best Egg | 2/07/2024 | 21782 | 21476 | 22433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2162496, 21.430%, 8/05/2029 †x# | Best Egg | 2/08/2024 | 20048 | 19758 | 20582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2163709, 14.880%, 12/20/2028 †§x | Prosper | 12/22/2023 | 25575 | 25490 | 25254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2163792, 16.120%, 2/06/2029 †x#◇ | Best Egg | 2/09/2024 | 26890 | 26511 | 27779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2164371, 13.100%, 2/06/2028 †x◇ | Best Egg | 2/09/2024 | 23605 | 23251 | 24072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2164667, 16.880%, 1/28/2029 †§x# | Prosper | 1/12/2024 | 21535 | 21458 | 21653 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**8** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2165046, 22.870%, 2/08/2029 †x◇ | Best Egg | 2/12/2024 | $24226 | $23884 | $24908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2165271, 12.460%, 2/08/2029 †x◇ | Best Egg | 2/12/2024 | 23520 | 23191 | 24186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2165342, 20.700%, 1/11/2029 †§x | Prosper | 1/16/2024 | 22486 | 22404 | 22376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2165348, 13.280%, 1/25/2029 †§x# | Prosper | 1/16/2024 | 26203 | 26110 | 25324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2165708, 20.490%, 2/07/2029 †x◇ | Best Egg | 2/12/2024 | 30415 | 29987 | 31471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2165851, 16.880%, 12/27/2028 †§x# | Prosper | 12/29/2023 | 26490 | 26401 | 26617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2167296, 17.580%, 7/08/2029 †x◇ | Best Egg | 2/12/2024 | 44180 | 43553 | 45629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2167940, 17.820%, 1/28/2029 †§x# | Prosper | 1/22/2024 | 26171 | 26075 | 25703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2167955, 22.230%, 1/31/2029 †§x# | Prosper | 1/22/2024 | 27247 | 27142 | 27805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2168343, 13.140%, 1/10/2029 †§x | Prosper | 1/12/2024 | 22450 | 22375 | 21644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 216840458, 15.600%, 3/08/2028 †§x | Upgrade | 3/15/2023 | 20528 | 20426 | 21000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2168765, 15.080%, 2/15/2029 †§x# | Prosper | 1/24/2024 | 26103 | 26013 | 25108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2169242, 15.080%, 1/26/2029 †§x# | Prosper | 1/25/2024 | 24179 | 24093 | 23297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2169762, 17.870%, 2/11/2029 †x◇ | Best Egg | 2/14/2024 | 35061 | 34568 | 36286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 217005240, 15.590%, 3/09/2028 †§x | Upgrade | 3/15/2023 | 21809 | 21700 | 22057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 217008495, 14.390%, 3/09/2028 †§x | Upgrade | 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 217022298, 14.630%, 3/15/2028 †§x | Upgrade | 3/15/2023 | 21056 | 20952 | 21599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2170251, 23.300%, 2/12/2029 †x◇ | Best Egg | 2/15/2024 | 30982 | 30545 | 32202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 217045224, 15.600%, 3/10/2028 †x# | Upgrade | 3/15/2023 | 27966 | 27827 | 20612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2170638, 19.470%, 2/12/2029 †x#◇ | Best Egg | 2/15/2024 | 27778 | 27379 | 28650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2170730, 15.380%, 1/25/2029 †§x# | Prosper | 1/29/2024 | 26273 | 26182 | 26087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2170802, 19.810%, 11/24/2029 †x# | Prosper | 1/29/2024 | 22914 | 22799 | 21894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2170808, 22.350%, 2/12/2029 †x◇ | Best Egg | 2/15/2024 | 21559 | 21255 | 22305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2171039, 5.900%, 4/13/2030 †x | Best Egg | 2/15/2024 | 26637 | 26254 | 24526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2171356, 18.280%, 1/10/2029 †§x | Prosper | 1/12/2024 | 26897 | 26802 | 26902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2171502, 15.750%, 1/18/2029 †§x | Prosper | 1/22/2024 | 26354 | 26262 | 25858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2171653, 21.240%, 1/10/2029 †§x | Prosper | 1/12/2024 | 22578 | 22496 | 22529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2171656, 19.440%, 1/10/2029 †§x | Prosper | 1/12/2024 | 22271 | 22191 | 22508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2171790, 13.280%, 1/18/2029 †§x# | Prosper | 1/22/2024 | 25934 | 25846 | 25095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2172324, 20.000%, 2/16/2029 †x◇ | Best Egg | 2/16/2024 | 24625 | 24276 | 25383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2172438, 27.970%, 4/01/2029 †x#◇ | Best Egg | 2/16/2024 | 33237 | 32751 | 34134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2172521, 9.160%, 2/13/2028 †x#◇ | Best Egg | 2/16/2024 | 25771 | 25425 | 26493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2172912, 14.540%, 1/23/2029 †§x | Prosper | 1/25/2024 | 26090 | 26000 | 25153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2173755, 9.210%, 3/16/2028 †x◇ | Best Egg | 2/20/2024 | 27306 | 26939 | 27914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2174123, 20.460%, 7/15/2029 †x#◇ | Best Egg | 2/20/2024 | 23204 | 22870 | 23884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2174452, 15.080%, 1/18/2029 †§x | Prosper | 1/22/2024 | 26208 | 26117 | 25176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2174461, 15.480%, 10/23/2029 †x# | Prosper | 1/22/2024 | 30719 | 30587 | 24968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2174470, 16.530%, 2/01/2029 †§x# | Prosper | 1/22/2024 | 20972 | 20897 | 21070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2174485, 21.480%, 1/20/2029 †§x | Prosper | 1/22/2024 | 21246 | 21167 | 21794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2177332, 19.800%, 1/24/2029 †§x | Prosper | 1/26/2024 | 22332 | 22251 | 22624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2179859, 7.200%, 2/20/2029 †x◇ | Best Egg | 2/23/2024 | 21174 | 20880 | 21640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2180000, 12.780%, 2/16/2029 †§x | Prosper | 2/21/2024 | 21238 | 21165 | 21097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2180681, 20.500%, 1/20/2030 †x# | Prosper | 2/22/2024 | 31796 | 31637 | 23800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2181393, 14.010%, 2/21/2029 †x◇ | Best Egg | 2/26/2024 | 24192 | 23851 | 24802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2181811, 18.050%, 2/21/2029 †x◇ | Best Egg | 2/26/2024 | 24927 | 24573 | 25872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2182040, 18.330%, 2/21/2029 †§x# | Prosper | 2/23/2024 | 27469 | 27368 | 27694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2182228, 11.420%, 2/21/2029 †x◇ | Best Egg | 2/26/2024 | 33311 | 32843 | 34172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2183010, 12.780%, 2/16/2029 †§x | Prosper | 2/21/2024 | 26294 | 26204 | 26120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2183016, 17.820%, 2/16/2029 †§x | Prosper | 2/21/2024 | 26025 | 25930 | 26250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2183688, 21.240%, 3/19/2029 †§x# | Prosper | 2/22/2024 | 23940 | 23847 | 23709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2184701, 14.170%, 2/25/2029 †x◇ | Best Egg | 2/28/2024 | 20442 | 20155 | 21065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2184894, 13.280%, 2/21/2029 †§x# | Prosper | 2/23/2024 | 23018 | 22937 | 22258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2184900, 13.140%, 2/21/2029 †§x# | Prosper | 2/23/2024 | 26372 | 26281 | 25418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2185099, 19.010%, 2/25/2029 †x#◇ | Best Egg | 2/28/2024 | 24031 | 23689 | 24956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2185912, 18.050%, 2/25/2029 †x◇ | Best Egg | 2/28/2024 | 24576 | 24229 | 25538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2186106, 13.300%, 4/01/2028 †x◇ | Best Egg | 2/29/2024 | 25007 | 24669 | 25583 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**9** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2186841, 18.020%, 4/01/2029 †x◇ | Best Egg | 2/29/2024 | $24061 | $23722 | $24721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2188296, 17.390%, 4/01/2029 †x◇ | Best Egg | 3/01/2024 | 27058 | 26676 | 27902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2188369, 13.280%, 2/21/2029 †§x# | Prosper | 2/23/2024 | 26403 | 26311 | 25532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2188378, 13.140%, 2/21/2029 †§x# | Prosper | 2/23/2024 | 20963 | 20890 | 20204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2188501, 17.330%, 4/13/2029 †x◇ | Best Egg | 3/01/2024 | 28229 | 27831 | 29194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2188739, 9.310%, 4/01/2029 †x◇ | Best Egg | 3/01/2024 | 19672 | 19397 | 20241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2190072, 11.990%, 3/01/2029 †x◇ | Best Egg | 3/04/2024 | 33450 | 32979 | 34237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2190426, 14.170%, 4/01/2029 †x◇ | Best Egg | 3/04/2024 | 23025 | 22702 | 23543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2190999, 13.900%, 3/07/2029 †§x | Prosper | 3/11/2024 | 24370 | 24287 | 23511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2194774, 13.140%, 3/07/2029 †§x | Prosper | 3/11/2024 | 26993 | 26902 | 25907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2194783, 15.080%, 3/07/2029 †§x | Prosper | 3/11/2024 | 27425 | 27330 | 26214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2198105, 21.910%, 8/06/2029 †x# | Best Egg | 3/11/2024 | 22388 | 22057 | 22958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2199870, 18.800%, 3/07/2029 †x#◇ | Best Egg | 3/11/2024 | 32317 | 31858 | 32975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2199893, 18.060%, 10/07/2029 †x# | Best Egg | 3/11/2024 | 45218 | 44566 | 46355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2200254, 12.250%, 4/07/2029 †x◇ | Best Egg | 3/11/2024 | 25756 | 25394 | 26385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2201316, 12.700%, 4/10/2029 †x◇ | Best Egg | 3/13/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2202037, 21.430%, 4/10/2029 †x◇ | Best Egg | 3/13/2024 | 29403 | 28987 | 30317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2202638, 15.300%, 4/09/2029 †§x | Prosper | 4/11/2024 | 28016 | 27917 | 26812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2202641, 13.320%, 4/15/2029 †§x | Prosper | 4/11/2024 | 27656 | 27555 | 26522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2202653, 13.280%, 4/09/2029 †§x | Prosper | 4/11/2024 | 23001 | 22921 | 22122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2203253, 15.380%, 4/15/2029 †§x | Prosper | 4/12/2024 | 28099 | 27994 | 27730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2203262, 15.830%, 2/09/2030 †x# | Prosper | 4/12/2024 | 32736 | 32572 | 27083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2203265, 19.440%, 4/10/2029 †§x | Prosper | 4/12/2024 | 23665 | 23578 | 23665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2203277, 16.880%, 4/10/2029 †§x | Prosper | 4/12/2024 | 28335 | 28234 | 28450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2203295, 20.020%, 4/10/2029 †§x | Prosper | 4/12/2024 | 23007 | 22922 | 23462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2203556, 19.440%, 4/15/2029 †§x | Prosper | 4/12/2024 | 22268 | 22180 | 21595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2205912, 21.240%, 4/25/2029 †§x | Prosper | 4/15/2024 | 23951 | 23857 | 23637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2205958, 10.050%, 4/17/2029 †x◇ | Best Egg | 3/15/2024 | 27052 | 26673 | 27685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2206887, 25.220%, 4/13/2029 †x◇ | Best Egg | 3/18/2024 | 19965 | 19682 | 20248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2208844, 17.730%, 4/23/2029 †§x# | Prosper | 4/11/2024 | 28085 | 27980 | 21478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2209459, 21.240%, 4/10/2029 †§x | Prosper | 4/12/2024 | 23610 | 23520 | 23392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2211484, 19.530%, 4/18/2029 †x◇ | Best Egg | 3/21/2024 | 22907 | 22583 | 23543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2211724, 14.170%, 5/18/2029 †x | Best Egg | 3/21/2024 | 19842 | 19562 | 20366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2212977, 17.330%, 4/19/2029 †x◇ | Best Egg | 3/22/2024 | 20713 | 20421 | 21321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2215218, 23.880%, 3/20/2029 †x◇ | Best Egg | 3/25/2024 | 19606 | 19312 | 20158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2215370, 24.830%, 5/15/2029 †§x | Prosper | 5/13/2024 | 25086 | 24977 | 25858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2215379, 23.600%, 5/09/2029 †§x | Prosper | 5/13/2024 | 24757 | 24661 | 24954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2215385, 25.560%, 5/09/2029 †§x | Prosper | 5/13/2024 | 23480 | 23387 | 24316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2215694, 21.330%, 5/24/2029 †§x# | Prosper | 5/14/2024 | 24697 | 24596 | 24598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2215703, 15.380%, 11/24/2029 †x# | Prosper | 5/14/2024 | 21155 | 21084 | 20799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2215706, 21.900%, 5/10/2029 †§x# | Prosper | 5/14/2024 | 22928 | 22841 | 22828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2216963, 12.230%, 4/21/2029 †x◇ | Best Egg | 3/25/2024 | 21914 | 21605 | 22468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2217819, 12.780%, 5/23/2029 †§x | Prosper | 5/13/2024 | 28288 | 28183 | 27030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2217828, 22.000%, 5/23/2029 †§x# | Prosper | 5/13/2024 | 25539 | 25439 | 20066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2217834, 21.330%, 5/23/2029 †§x | Prosper | 5/13/2024 | 28457 | 28357 | 28686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2217837, 14.200%, 5/09/2029 †§x | Prosper | 5/13/2024 | 22191 | 22112 | 21561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2218095, 17.430%, 5/10/2029 †§x | Prosper | 5/14/2024 | 26038 | 25943 | 25718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2218110, 19.670%, 5/10/2029 †§x | Prosper | 5/14/2024 | 27934 | 27830 | 27829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2218119, 15.480%, 5/10/2029 †§x | Prosper | 5/14/2024 | 22024 | 21944 | 21760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2218128, 21.150%, 5/20/2029 †§x | Prosper | 5/14/2024 | 23104 | 23009 | 23356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2218143, 20.000%, 5/10/2029 †§x | Prosper | 5/14/2024 | 24210 | 24120 | 24474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 221992690, 12.970%, 5/02/2028 †x# | Upgrade | 4/24/2023 | 27655 | 27527 | 20266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2220164, 17.400%, 5/01/2029 †x◇ | Best Egg | 3/28/2024 | 23459 | 23127 | 24204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2221225, 23.100%, 5/09/2029 †§x | Prosper | 5/13/2024 | 23140 | 23051 | 23392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2221228, 22.230%, 5/16/2029 †§x | Prosper | 5/13/2024 | 28564 | 28447 | 28784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2221231, 16.650%, 5/20/2029 †§x | Prosper | 5/13/2024 | 23099 | 23009 | 22468 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**10** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2221464, 20.910%, 5/01/2029 †x◇ | Best Egg | 3/29/2024 | $21733 | $21425 | $21968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2221582, 16.750%, 5/24/2029 †§x | Prosper | 5/14/2024 | 25354 | 25256 | 25048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2221585, 14.950%, 5/17/2028 †§x | Prosper | 5/14/2024 | 22380 | 22308 | 21832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2222153, 23.600%, 6/25/2029 †§x# | Prosper | 6/03/2024 | 25896 | 25801 | 25675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2224053, 19.950%, 10/01/2029 †x# | Best Egg | 4/01/2024 | 25056 | 24698 | 25590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2224261, 14.420%, 5/01/2029 †x◇ | Best Egg | 4/01/2024 | 25052 | 24699 | 25824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2224281, 15.630%, 5/14/2029 †x◇ | Best Egg | 4/01/2024 | 29297 | 28880 | 29904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225153, 19.790%, 8/01/2028 †x# | Best Egg | 4/01/2024 | 31332 | 30893 | 32825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225165, 15.830%, 6/07/2029 †§x | Prosper | 6/11/2024 | 29247 | 29140 | 28847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225297, 25.810%, 6/07/2029 †§x | Prosper | 6/11/2024 | 19920 | 19839 | 20018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225303, 15.530%, 6/07/2029 †§x | Prosper | 6/11/2024 | 26196 | 26100 | 25839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225312, 15.190%, 6/07/2029 †§x | Prosper | 6/11/2024 | 22404 | 22322 | 22100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225324, 17.170%, 7/06/2029 †§x# | Prosper | 6/11/2024 | 30494 | 30375 | 30033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2225330, 24.080%, 6/23/2029 †§x | Prosper | 6/11/2024 | 24033 | 23930 | 24041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 222644702, 15.600%, 4/19/2028 †§x | Upgrade | 4/24/2023 | 21203 | 21092 | 21741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2227893, 21.480%, 6/17/2029 †§x# | Prosper | 6/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2227950, 19.900%, 12/21/2029 †x# | Prosper | 6/11/2024 | 25638 | 25510 | 25420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2227953, 20.700%, 6/07/2029 †§x | Prosper | 6/11/2024 | 28603 | 28494 | 28374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2227956, 22.100%, 6/17/2029 †§x | Prosper | 6/11/2024 | 25186 | 25082 | 25327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2227962, 19.430%, 6/07/2029 †§x | Prosper | 6/11/2024 | 21097 | 21017 | 20797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2228649, 9.760%, 4/01/2029 †x◇ | Best Egg | 4/04/2024 | 30973 | 30540 | 31311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2231146, 21.780%, 6/07/2029 †§x | Prosper | 6/11/2024 | 23485 | 23392 | 23319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2231191, 15.830%, 6/07/2029 †§x | Prosper | 6/11/2024 | 21000 | 20923 | 20713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2231197, 22.010%, 6/20/2029 †§x | Prosper | 6/11/2024 | 25165 | 25059 | 24958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2231227, 17.430%, 6/07/2029 †§x | Prosper | 6/11/2024 | 22738 | 22653 | 22421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2231355, 6.580%, 4/02/2027 †x◇ | Best Egg | 4/05/2024 | 20623 | 20372 | 20688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223222391, 14.630%, 4/19/2028 †§x | Upgrade | 4/24/2023 | 20964 | 20856 | 21417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223369258, 15.590%, 4/19/2028 †x | Upgrade | 4/24/2023 | 22205 | 22089 | 22177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223472175, 15.590%, 4/19/2028 †§x | Upgrade | 4/24/2023 | 22525 | 22408 | 22743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223488585, 12.970%, 5/02/2028 †§x | Upgrade | 4/24/2023 | 24171 | 24047 | 24374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223488615, 15.600%, 4/19/2028 †§x | Upgrade | 4/24/2023 | 21203 | 21092 | 21662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223491345, 14.630%, 4/19/2028 †§x | Upgrade | 4/24/2023 | 20348 | 20243 | 20788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2235566, 10.880%, 7/02/2028 †§x | Prosper | 7/05/2024 | 30483 | 30291 | 30471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2235593, 11.380%, 7/02/2029 †§x | Prosper | 7/05/2024 | 29710 | 29495 | 29916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2235599, 14.750%, 7/25/2029 †§x# | Prosper | 7/05/2024 | 30036 | 29807 | 29219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2235608, 20.700%, 7/02/2029 †§x | Prosper | 7/05/2024 | 29133 | 28905 | 28321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2235614, 21.500%, 7/02/2029 †§x | Prosper | 7/05/2024 | 21999 | 21826 | 21556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223598105, 14.630%, 4/20/2028 †§x | Upgrade | 4/24/2023 | 19654 | 19552 | 20080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 223651959, 15.600%, 4/20/2028 †§x | Upgrade | 4/24/2023 | 21203 | 21092 | 21664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2236919, 13.440%, 4/07/2029 †x◇ | Best Egg | 4/10/2024 | 22191 | 21878 | 22240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2237675, 13.590%, 6/08/2028 †x | Best Egg | 4/11/2024 | 22254 | 21949 | 22288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2237955, 13.450%, 7/02/2029 †§x# | Prosper | 7/05/2024 | 35527 | 35264 | 35106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2237958, 9.500%, 7/15/2029 †§x | Prosper | 7/05/2024 | 29737 | 29519 | 29474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2237961, 11.030%, 7/02/2029 †§x | Prosper | 7/05/2024 | 23712 | 23541 | 23729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2237967, 13.450%, 7/26/2029 †§x | Prosper | 7/05/2024 | 28087 | 27875 | 27763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2237970, 18.330%, 7/02/2029 †§x | Prosper | 7/05/2024 | 23668 | 23487 | 23638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2238012, 11.380%, 7/02/2029 †§x | Prosper | 7/05/2024 | 20181 | 20035 | 20322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2238366, 12.460%, 4/15/2029 †x◇ | Best Egg | 4/11/2024 | 34267 | 33785 | 34624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2239378, 17.490%, 6/09/2027 †x# | Best Egg | 4/12/2024 | 24366 | 24056 | 24299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2240467, 15.150%, 5/25/2029 †x◇ | Best Egg | 4/12/2024 | 26528 | 26153 | 26578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241172, 11.300%, 7/02/2029 †§x | Prosper | 7/05/2024 | 37118 | 36849 | 36767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241178, 13.190%, 7/02/2027 †§x | Prosper | 7/05/2024 | 20876 | 20772 | 20103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241181, 20.700%, 7/02/2029 †§x | Prosper | 7/05/2024 | 26804 | 26598 | 26135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241184, 9.000%, 7/02/2027 †§x | Prosper | 7/05/2024 | 23031 | 22920 | 22967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241190, 10.290%, 7/02/2029 †§x | Prosper | 7/05/2024 | 25806 | 25620 | 25247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241196, 17.500%, 7/02/2028 †§x | Prosper | 7/05/2024 | 20909 | 20770 | 20330 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**11** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241202, 14.750%, 7/10/2029 †§x | Prosper | 7/05/2024 | $22891 | $22715 | $22265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241208, 16.900%, 7/02/2029 †§x# | Prosper | 7/05/2024 | 25059 | 24868 | 24470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241235, 23.060%, 7/27/2029 †§x# | Prosper | 7/05/2024 | 30498 | 30247 | 30554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241545, 10.740%, 4/10/2029 †x◇ | Best Egg | 4/15/2024 | 34685 | 34199 | 34991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241708, 21.870%, 4/10/2029 †x◇ | Best Egg | 4/15/2024 | 24397 | 24051 | 23562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2241777, 17.060%, 4/10/2029 †x#◇ | Best Egg | 4/15/2024 | 26498 | 26122 | 24680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2242011, 13.690%, 4/10/2029 †x◇ | Best Egg | 4/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2243825, 20.910%, 4/11/2029 †x◇ | Best Egg | 4/15/2024 | 30892 | 30454 | 28587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2245089, 7.800%, 4/14/2029 †x◇ | Best Egg | 4/17/2024 | 33882 | 33408 | 34236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2245738, 15.150%, 4/14/2029 †x◇ | Best Egg | 4/17/2024 | 27821 | 27429 | 27119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2246801, 12.240%, 4/14/2029 †x◇ | Best Egg | 4/17/2024 | 35087 | 34594 | 35495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249241, 11.770%, 5/26/2027 †x#◇ | Best Egg | 4/19/2024 | 21227 | 20959 | 21540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249591, 18.880%, 8/05/2029 †§x | Prosper | 8/07/2024 | 27705 | 27271 | 28002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249600, 16.180%, 8/05/2029 †§x | Prosper | 8/07/2024 | 25697 | 25302 | 24944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249606, 19.430%, 8/15/2029 †§x | Prosper | 8/07/2024 | 30650 | 30159 | 30807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249621, 14.250%, 8/05/2029 †§x | Prosper | 8/07/2024 | 30060 | 29603 | 29028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249630, 15.750%, 8/05/2029 †§x | Prosper | 8/07/2024 | 30328 | 29862 | 29392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249735, 12.490%, 8/06/2029 †§x | Prosper | 8/08/2024 | 30502 | 30044 | 30654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249747, 12.250%, 8/06/2029 †§x | Prosper | 8/08/2024 | 38071 | 37500 | 38146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249750, 13.230%, 8/06/2029 †§x# | Prosper | 8/08/2024 | 31021 | 30550 | 31324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249834, 14.150%, 9/30/2029 †§x | Prosper | 8/08/2024 | 40243 | 39620 | 40149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249840, 17.800%, 8/06/2029 †§x | Prosper | 8/08/2024 | 30686 | 30209 | 30965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249843, 15.520%, 9/01/2029 †§x# | Prosper | 8/08/2024 | 27634 | 27209 | 26237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249960, 17.830%, 8/06/2029 †§x | Prosper | 8/08/2024 | 20461 | 20143 | 20308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2249999, 13.580%, 8/06/2029 †§x | Prosper | 8/08/2024 | 38383 | 37802 | 39102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2250311, 18.480%, 8/06/2029 †§x | Prosper | 8/08/2024 | 30821 | 30338 | 30778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2250477, 12.930%, 4/17/2029 †x◇ | Best Egg | 4/22/2024 | 30615 | 30184 | 30974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2250648, 13.690%, 4/17/2029 †x◇ | Best Egg | 4/22/2024 | 22156 | 21844 | 21874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2250857, 26.400%, 9/02/2029 †§x# | Prosper | 8/09/2024 | 21394 | 21051 | 22693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252130, 14.110%, 8/06/2029 †§x | Prosper | 8/08/2024 | 33684 | 33172 | 34418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252136, 12.850%, 8/06/2029 †§x | Prosper | 8/08/2024 | 25984 | 25593 | 25832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252142, 16.250%, 8/06/2029 †§x | Prosper | 8/08/2024 | 30362 | 29895 | 29192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252145, 14.850%, 8/15/2029 †§x | Prosper | 8/08/2024 | 26061 | 25656 | 25266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252148, 13.730%, 8/06/2029 †§x | Prosper | 8/08/2024 | 25052 | 24668 | 25569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252235, 14.130%, 8/06/2029 †§x | Prosper | 8/08/2024 | 23491 | 23135 | 21977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252253, 18.200%, 8/16/2029 †§x | Prosper | 8/08/2024 | 21056 | 20721 | 21312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252295, 14.440%, 8/06/2029 †§x | Prosper | 8/08/2024 | 23607 | 23246 | 22263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252477, 20.000%, 4/18/2029 †x◇ | Best Egg | 4/22/2024 | 37078 | 36553 | 34180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252583, 14.950%, 8/06/2028 †§x | Prosper | 8/08/2024 | 30836 | 30419 | 30612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252613, 10.400%, 8/06/2029 †§x | Prosper | 8/08/2024 | 37630 | 37073 | 36838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2252628, 16.250%, 8/06/2029 †§x | Prosper | 8/08/2024 | 30415 | 29946 | 29999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253015, 11.930%, 8/07/2027 †§x | Prosper | 8/09/2024 | 21233 | 21010 | 21237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253234, 24.520%, 8/07/2029 †§x | Prosper | 8/09/2024 | 19567 | 19250 | 20329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253513, 16.250%, 8/08/2029 †§x | Prosper | 8/12/2024 | 26516 | 26108 | 25474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253550, 12.950%, 6/21/2029 †x | Best Egg | 4/24/2024 | 36273 | 35757 | 36428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253734, 14.250%, 8/15/2029 †§x | Prosper | 8/19/2024 | 30060 | 29601 | 29081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253746, 10.500%, 8/15/2028 †§x | Prosper | 8/19/2024 | 20200 | 19932 | 20078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253749, 12.650%, 8/15/2029 †§x | Prosper | 8/19/2024 | 30532 | 30071 | 30796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253758, 15.000%, 8/15/2029 †§x | Prosper | 8/19/2024 | 38710 | 38116 | 40845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253764, 13.410%, 8/15/2027 †§x | Prosper | 8/19/2024 | 21567 | 21333 | 21781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2253885, 12.230%, 4/21/2029 †x#◇ | Best Egg | 4/24/2024 | 20856 | 20560 | 21119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254076, 10.500%, 8/15/2028 †§x | Prosper | 8/19/2024 | 20200 | 19932 | 20078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254430, 11.910%, 8/16/2027 †§x | Prosper | 8/20/2024 | 20946 | 20722 | 20806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254445, 21.330%, 8/16/2029 †§x | Prosper | 8/20/2024 | 22057 | 21705 | 21785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254448, 14.200%, 8/16/2029 †§x | Prosper | 8/20/2024 | 20936 | 20616 | 20785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254457, 19.930%, 8/16/2029 †§x | Prosper | 8/20/2024 | 20538 | 20213 | 20248 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**12** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254472, 11.300%, 8/31/2029 †§x# | Prosper | 8/20/2024 | $23297 | $22942 | $23126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254653, 22.160%, 8/13/2029 †§x | Prosper | 8/15/2024 | 29001 | 28536 | 29349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2254715, 10.790%, 4/21/2029 †x◇ | Best Egg | 4/24/2024 | 29820 | 29376 | 30153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255359, 16.380%, 8/05/2029 †§x | Prosper | 8/07/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255368, 16.650%, 8/05/2029 †§x | Prosper | 8/07/2024 | 30486 | 30016 | 29708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255371, 16.400%, 8/01/2029 †§x# | Prosper | 8/07/2024 | 23758 | 23391 | 22887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255527, 13.230%, 8/06/2029 †§x | Prosper | 8/08/2024 | 37193 | 36634 | 37661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255569, 10.280%, 4/21/2029 †x◇ | Best Egg | 4/24/2024 | 34561 | 34076 | 35291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255614, 21.200%, 8/06/2029 †§x | Prosper | 8/08/2024 | 24485 | 24094 | 24009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255620, 13.150%, 8/06/2028 †§x | Prosper | 8/08/2024 | 23978 | 23657 | 23808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255626, 12.580%, 8/06/2029 †§x | Prosper | 8/08/2024 | 25560 | 25176 | 25422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255734, 16.280%, 8/06/2029 †§x | Prosper | 8/08/2024 | 23401 | 23041 | 23206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255749, 17.250%, 8/20/2029 †§x | Prosper | 8/08/2024 | 30851 | 30363 | 29998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255897, 16.150%, 8/21/2029 †§x# | Prosper | 8/23/2024 | 30418 | 29945 | 29326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2255954, 13.700%, 8/21/2029 †§x# | Prosper | 8/23/2024 | 29805 | 29347 | 28730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2256013, 14.430%, 8/06/2029 †§x | Prosper | 8/08/2024 | 30864 | 30394 | 31232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2256022, 17.660%, 5/31/2030 †x# | Prosper | 8/08/2024 | 35570 | 34936 | 31074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2256034, 14.300%, 8/06/2029 †§x | Prosper | 8/08/2024 | 38550 | 37964 | 39625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2256726, 13.980%, 8/20/2029 †§x | Prosper | 8/20/2024 | 36036 | 35479 | 35779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2256729, 14.280%, 8/24/2029 †§x | Prosper | 8/20/2024 | 36605 | 36036 | 36343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2256747, 10.400%, 8/30/2028 †§x# | Prosper | 8/20/2024 | 20628 | 20349 | 20499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2257378, 11.550%, 8/09/2028 †§x | Prosper | 8/13/2024 | 27171 | 26810 | 26990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2257452, 21.760%, 8/20/2029 †§x | Prosper | 8/22/2024 | 28943 | 28478 | 29109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2258089, 19.600%, 8/13/2029 †§x | Prosper | 8/15/2024 | 29403 | 28940 | 28833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 225847501, 14.150%, 5/10/2028 †§x | Upgrade | 5/15/2023 | 26921 | 26779 | 26929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2258805, 17.090%, 7/23/2029 †x# | Best Egg | 4/26/2024 | 24358 | 24011 | 22771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259577, 15.250%, 8/15/2029 †§x | Prosper | 8/19/2024 | 26362 | 25957 | 25827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259589, 16.930%, 8/15/2029 †§x | Prosper | 8/19/2024 | 30555 | 30079 | 30398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259595, 15.000%, 8/15/2029 †§x | Prosper | 8/19/2024 | 38710 | 38116 | 40845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259598, 16.880%, 8/15/2029 †§x | Prosper | 8/19/2024 | 24264 | 23887 | 24294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259601, 13.880%, 8/15/2029 †§x | Prosper | 8/19/2024 | 23456 | 23098 | 24030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259622, 16.060%, 8/15/2029 †§x | Prosper | 8/19/2024 | 27266 | 26845 | 26884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259909, 21.080%, 8/27/2029 †x# | Prosper | 8/29/2024 | 32338 | 31828 | 32105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2259915, 21.080%, 8/27/2029 †§x# | Prosper | 8/29/2024 | 24814 | 24416 | 24563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2260015, 13.650%, 8/15/2029 †§x | Prosper | 8/19/2024 | 38399 | 37815 | 38025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2260372, 13.950%, 8/22/2029 †§x | Prosper | 8/20/2024 | 28559 | 28117 | 28155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2260378, 16.920%, 8/16/2029 †§x | Prosper | 8/20/2024 | 30533 | 30058 | 30084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2260901, 12.600%, 9/04/2029 †§x# | Prosper | 9/06/2024 | 31453 | 30969 | 29749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2261119, 12.500%, 4/24/2027 †x◇ | Best Egg | 4/29/2024 | 21504 | 21230 | 21688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2261131, 19.120%, 8/31/2029 †§x# | Prosper | 8/22/2024 | 30068 | 29583 | 28518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2261651, 7.800%, 4/25/2028 †x◇ | Best Egg | 4/29/2024 | 23105 | 22793 | 23293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2261695, 15.950%, 8/21/2029 †§x# | Prosper | 8/23/2024 | 30363 | 29892 | 29877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2261704, 12.000%, 8/21/2029 †§x# | Prosper | 8/23/2024 | 33831 | 33319 | 33875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2261716, 13.880%, 8/21/2029 †§x# | Prosper | 8/23/2024 | 30762 | 30291 | 31554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2261749, 13.580%, 8/21/2029 †§x# | Prosper | 8/23/2024 | 36854 | 36289 | 37655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2262315, 16.360%, 5/25/2029 †x# | Best Egg | 4/29/2024 | 25816 | 25451 | 25911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2262689, 14.900%, 9/06/2029 †§x | Prosper | 9/10/2024 | 34647 | 34108 | 37056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2262849, 14.700%, 9/04/2029 †§x | Prosper | 9/06/2024 | 23990 | 23618 | 22699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2263285, 20.600%, 8/26/2029 †§x# | Prosper | 8/28/2024 | 30030 | 29550 | 30179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2263312, 19.980%, 6/18/2029 †x◇ | Best Egg | 5/01/2024 | 26864 | 26477 | 26409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2263507, 22.350%, 8/26/2029 †§x# | Prosper | 8/28/2024 | 24559 | 24163 | 24645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2263738, 21.230%, 8/27/2028 †§x# | Prosper | 8/29/2024 | 25524 | 25158 | 24836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2263747, 21.760%, 9/02/2029 †§x# | Prosper | 8/29/2024 | 30326 | 29829 | 30503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 226392194, 24.240%, 5/24/2028 †§x# | Upgrade | 5/12/2023 | 26931 | 26852 | 27515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2263982, 11.740%, 6/01/2029 †x◇ | Best Egg | 5/01/2024 | 35778 | 35274 | 36052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2263983, 18.020%, 6/01/2029 †x◇ | Best Egg | 5/01/2024 | 26187 | 25816 | 24232 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**13** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 226458699, 15.600%, 5/23/2028 †x | Upgrade | 5/11/2023 | $24588 | $24455 | $24992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2264897, 13.100%, 5/01/2028 †x◇ | Best Egg | 5/01/2024 | 28866 | 28473 | 29251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266451, 12.000%, 9/23/2029 †§x | Prosper | 9/19/2024 | 38815 | 38217 | 38818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266475, 14.300%, 10/01/2029 †§x# | Prosper | 9/19/2024 | 24898 | 24507 | 25685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266478, 16.530%, 9/17/2029 †§x | Prosper | 9/19/2024 | 30934 | 30446 | 30859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266517, 14.000%, 9/30/2029 †§x# | Prosper | 9/19/2024 | 22492 | 22140 | 21626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266523, 19.000%, 9/17/2029 †§x | Prosper | 9/19/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266532, 13.450%, 9/30/2028 †§x# | Prosper | 9/19/2024 | 21850 | 21543 | 21293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266547, 13.450%, 9/17/2029 †§x# | Prosper | 9/19/2024 | 31421 | 30932 | 30146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266648, 14.500%, 9/03/2029 †§x | Prosper | 9/05/2024 | 26713 | 26300 | 25867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266658, 12.680%, 9/17/2029 †§x | Prosper | 9/19/2024 | 25353 | 24963 | 25580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266667, 12.350%, 9/17/2029 †§x | Prosper | 9/19/2024 | 24325 | 23950 | 24456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266670, 17.000%, 9/17/2029 †§x | Prosper | 9/19/2024 | 22302 | 21950 | 21635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266805, 16.000%, 9/17/2029 †§x | Prosper | 9/19/2024 | 23766 | 23393 | 22764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266826, 11.700%, 9/17/2029 †§x | Prosper | 9/19/2024 | 34792 | 34259 | 34659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266833, 10.830%, 10/05/2029 †§x# | Prosper | 9/16/2024 | 35898 | 35347 | 36048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2266854, 19.200%, 9/12/2029 †§x | Prosper | 9/16/2024 | 24231 | 23842 | 23563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2267096, 19.980%, 9/17/2028 †x | Prosper | 9/19/2024 | 25629 | 25260 | 25043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2267114, 12.250%, 9/17/2029 †§x | Prosper | 9/19/2024 | 30802 | 30329 | 30905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2267117, 16.000%, 9/17/2029 †§x | Prosper | 9/19/2024 | 19013 | 18715 | 20020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2267394, 16.100%, 6/01/2029 †x◇ | Best Egg | 5/03/2024 | 33187 | 32716 | 31784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 226805304, 15.600%, 5/24/2028 †§x | Upgrade | 5/12/2023 | 22074 | 21954 | 22648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 226821919, 15.600%, 5/18/2028 †§x | Upgrade | 5/12/2023 | 20495 | 20386 | 20994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268255, 14.280%, 9/17/2029 †§x | Prosper | 9/19/2024 | 26680 | 26265 | 27047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268282, 18.680%, 12/22/2029 †x# | Prosper | 9/19/2024 | 23114 | 22734 | 20504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268399, 13.000%, 9/17/2029 †§x | Prosper | 9/19/2024 | 38562 | 37966 | 39068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268540, 11.200%, 6/01/2029 †x◇ | Best Egg | 5/03/2024 | 29660 | 29243 | 29644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268879, 10.800%, 9/30/2029 †x# | Prosper | 9/19/2024 | 38652 | 38060 | 38382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268891, 18.450%, 9/17/2029 †x | Prosper | 9/19/2024 | 21691 | 21345 | 21502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268897, 13.000%, 9/17/2029 †x | Prosper | 9/19/2024 | 31940 | 31447 | 31701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268903, 20.070%, 10/16/2029 †§x# | Prosper | 9/19/2024 | 30708 | 30212 | 29386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2268906, 14.280%, 9/17/2029 †§x | Prosper | 9/19/2024 | 26680 | 26265 | 27047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2269853, 19.170%, 5/01/2028 †x◇ | Best Egg | 5/06/2024 | 22889 | 22576 | 21795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2270292, 20.000%, 6/01/2029 †x◇ | Best Egg | 5/06/2024 | 37791 | 37254 | 34640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2270404, 16.100%, 6/01/2029 †x◇ | Best Egg | 5/06/2024 | 29468 | 29051 | 28526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2270416, 14.170%, 6/01/2029 †x◇ | Best Egg | 5/06/2024 | 36347 | 35834 | 36485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2270629, 9.430%, 9/12/2029 †§x | Prosper | 9/16/2024 | 20724 | 20411 | 20664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227076410, 15.600%, 5/24/2028 †x# | Upgrade | 5/12/2023 | 31922 | 31751 | 24160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227080563, 15.590%, 5/03/2028 †§x | Upgrade | 5/15/2023 | 21711 | 21595 | 21873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2271463, 15.140%, 6/05/2029 †x◇ | Best Egg | 5/06/2024 | 25776 | 25412 | 25157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227151291, 14.630%, 5/25/2028 †§x | Upgrade | 5/15/2023 | 21920 | 21807 | 22418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2271572, 9.760%, 6/02/2029 †x◇ | Best Egg | 5/06/2024 | 33362 | 32893 | 33485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2271781, 13.980%, 9/30/2028 †§x# | Prosper | 9/18/2024 | 24100 | 23761 | 23480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227178140, 15.600%, 5/10/2028 †§x | Upgrade | 5/15/2023 | 21897 | 21779 | 22313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2271898, 13.650%, 9/17/2029 †§x | Prosper | 9/19/2024 | 30495 | 30022 | 30041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2271913, 12.960%, 9/17/2029 †§x | Prosper | 9/19/2024 | 31933 | 31440 | 31461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272030, 13.730%, 9/28/2029 †§x# | Prosper | 9/19/2024 | 36612 | 36040 | 37458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272045, 19.310%, 9/17/2029 †§x | Prosper | 9/19/2024 | 20961 | 20626 | 21193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272093, 22.100%, 9/17/2029 †§x# | Prosper | 9/19/2024 | 30412 | 29919 | 29966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272204, 13.730%, 9/17/2029 †§x | Prosper | 9/19/2024 | 38113 | 37522 | 38982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272210, 13.580%, 9/17/2029 †§x | Prosper | 9/19/2024 | 39081 | 38475 | 39892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272345, 13.980%, 9/17/2029 †§x | Prosper | 9/19/2024 | 25968 | 25565 | 26328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272360, 17.000%, 9/17/2029 †§x | Prosper | 9/19/2024 | 28317 | 27869 | 27471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227244785, 14.630%, 5/18/2028 †x | Upgrade | 5/15/2023 | 25522 | 25387 | 25885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227246972, 15.580%, 5/21/2028 †§x | Upgrade | 5/15/2023 | 22141 | 22020 | 22524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227250952, 15.590%, 5/25/2028 †§x | Upgrade | 5/15/2023 | 22351 | 22229 | 22579 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**14** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 227251737, 14.060%, 5/25/2027 †x# | Upgrade | 5/15/2023 | $27731 | $27630 | $23590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227256283, 12.940%, 5/10/2028 †§x | Upgrade | 5/15/2023 | 26546 | 26408 | 26768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227257490, 14.640%, 5/10/2028 †§x | Upgrade | 5/15/2023 | 21658 | 21543 | 22150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272645, 13.260%, 9/17/2029 †x | Prosper | 9/19/2024 | 24576 | 24196 | 24391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2272993, 18.310%, 9/18/2029 †x | Prosper | 9/20/2024 | 20853 | 20521 | 20530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2273206, 11.770%, 5/05/2027 †x◇ | Best Egg | 5/08/2024 | 20980 | 20718 | 21206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2275836, 14.170%, 6/26/2029 †x◇ | Best Egg | 5/09/2024 | 29049 | 28613 | 28192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2276136, 21.940%, 5/07/2027 †x◇ | Best Egg | 5/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2276777, 9.060%, 5/07/2028 †x◇ | Best Egg | 5/10/2024 | 21233 | 20946 | 21635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2278521, 20.240%, 5/08/2028 †x◇ | Best Egg | 5/13/2024 | 20374 | 20095 | 20687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2279448, 12.210%, 6/09/2029 †x◇ | Best Egg | 5/13/2024 | 23655 | 23322 | 23665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2280458, 14.170%, 5/12/2029 †x◇ | Best Egg | 5/15/2024 | 21434 | 21131 | 21542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2280782, 21.430%, 7/12/2029 †x | Best Egg | 5/15/2024 | 23625 | 23289 | 22794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2281226, 15.140%, 6/12/2029 †x◇ | Best Egg | 5/15/2024 | 36593 | 36076 | 36176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282090, 13.400%, 10/23/2029 †§x | Prosper | 10/25/2024 | 37369 | 36777 | 36862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282202, 21.650%, 6/12/2029 †x◇ | Best Egg | 5/15/2024 | 24818 | 24466 | 23028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282264, 14.170%, 10/23/2029 †§x | Prosper | 10/25/2024 | 27942 | 27498 | 28768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282267, 8.670%, 10/23/2029 †§x | Prosper | 10/25/2024 | 30971 | 30494 | 30370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282276, 11.750%, 10/23/2029 †§x | Prosper | 10/25/2024 | 25692 | 25289 | 25612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282285, 18.500%, 10/23/2029 †§x# | Prosper | 10/25/2024 | 24487 | 24087 | 22990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282294, 10.230%, 10/31/2029 †§x# | Prosper | 10/25/2024 | 35916 | 35351 | 35656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282297, 17.800%, 10/23/2029 †§x | Prosper | 10/25/2024 | 22100 | 21742 | 23570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282300, 10.800%, 10/23/2029 †§x | Prosper | 10/25/2024 | 34074 | 33543 | 33539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282351, 25.480%, 10/23/2029 †§x | Prosper | 10/25/2024 | 19383 | 19057 | 20025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282556, 22.870%, 6/24/2029 †x◇ | Best Egg | 5/16/2024 | 26265 | 25884 | 25178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282663, 10.800%, 10/31/2029 †§x# | Prosper | 10/28/2024 | 39114 | 38496 | 38532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282678, 13.930%, 10/24/2029 †§x | Prosper | 10/28/2024 | 20743 | 20413 | 21230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282705, 13.500%, 10/24/2029 †§x | Prosper | 10/28/2024 | 39776 | 39145 | 39215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282711, 11.480%, 10/24/2029 †§x | Prosper | 10/28/2024 | 29073 | 28618 | 28884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2282729, 16.430%, 10/24/2029 †§x | Prosper | 10/28/2024 | 21002 | 20664 | 20760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2283421, 10.540%, 5/13/2029 †x#◇ | Best Egg | 5/16/2024 | 35339 | 34841 | 34988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2283791, 19.450%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 20810 | 20469 | 20104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2283983, 18.850%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 29189 | 28712 | 27983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2283995, 21.180%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 25163 | 24747 | 24853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284113, 14.710%, 10/23/2029 †§x | Prosper | 10/25/2024 | 40032 | 39394 | 41510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284119, 11.480%, 11/01/2029 †§x# | Prosper | 10/25/2024 | 40070 | 39433 | 39778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284277, 18.330%, 10/29/2029 †§x# | Prosper | 10/31/2024 | 20704 | 20367 | 20595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284305, 13.700%, 10/23/2029 †§x | Prosper | 10/25/2024 | 34621 | 34072 | 34566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284311, 10.870%, 10/23/2028 †§x | Prosper | 10/25/2024 | 28550 | 28145 | 28382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284317, 20.850%, 10/23/2029 †§x | Prosper | 10/25/2024 | 27239 | 26791 | 26370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284320, 12.750%, 10/23/2029 †§x | Prosper | 10/25/2024 | 20666 | 20340 | 20880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284332, 21.430%, 10/23/2029 †§x | Prosper | 10/25/2024 | 20691 | 20350 | 20709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284335, 10.890%, 10/23/2029 †§x | Prosper | 10/25/2024 | 38425 | 37825 | 37867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284359, 13.550%, 10/23/2029 †§x | Prosper | 10/25/2024 | 19893 | 19578 | 20314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284487, 17.330%, 11/02/2029 †§x | Prosper | 10/31/2024 | 26427 | 26006 | 25955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284490, 15.280%, 10/29/2029 †§x# | Prosper | 10/31/2024 | 33491 | 32953 | 32645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284591, 13.190%, 6/14/2029 †x◇ | Best Egg | 5/17/2024 | 28876 | 28469 | 28901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284659, 12.430%, 10/24/2029 †§x | Prosper | 10/28/2024 | 39546 | 38923 | 39791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284662, 11.050%, 10/24/2029 †§x | Prosper | 10/28/2024 | 38460 | 37858 | 37988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284680, 12.750%, 10/24/2029 †§x | Prosper | 10/28/2024 | 21392 | 21054 | 21617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284701, 14.190%, 10/24/2028 †§x | Prosper | 10/28/2024 | 23719 | 23376 | 23574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284872, 20.580%, 11/06/2029 †§x# | Prosper | 10/28/2024 | 29586 | 29105 | 29169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2284899, 19.950%, 10/24/2029 †§x | Prosper | 10/28/2024 | 30410 | 29910 | 29164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2285745, 10.890%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 40027 | 39400 | 39307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2285787, 22.600%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 31223 | 30704 | 30614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2285790, 15.750%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 27009 | 26573 | 25644 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**15** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2285793, 11.580%, 10/28/2029 †§x# | Prosper | 10/30/2024 | $21774 | $21432 | $21901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286045, 15.350%, 11/07/2029 †§x# | Prosper | 10/30/2024 | 25452 | 25037 | 24721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286046, 25.580%, 7/01/2028 †x◇ | Best Egg | 5/20/2024 | 28365 | 27963 | 27441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286051, 12.790%, 11/11/2029 †§x# | Prosper | 10/30/2024 | 22772 | 22406 | 21510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286159, 20.250%, 10/28/2027 †§x# | Prosper | 10/30/2024 | 20963 | 20698 | 20655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286165, 16.430%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 33656 | 33113 | 33078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286354, 13.350%, 11/22/2029 †§x# | Prosper | 10/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286477, 19.750%, 10/29/2029 †§x# | Prosper | 10/31/2024 | 30171 | 29671 | 29262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286483, 17.200%, 10/29/2029 †§x# | Prosper | 10/31/2024 | 24097 | 23704 | 23333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286486, 18.840%, 10/29/2028 †§x# | Prosper | 10/31/2024 | 22909 | 22568 | 22270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286718, 18.990%, 9/15/2029 †x | Best Egg | 5/20/2024 | 31534 | 31137 | 28729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2286846, 16.420%, 5/26/2029 †x◇ | Best Egg | 5/20/2024 | 25085 | 24729 | 23595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2287997, 13.390%, 5/16/2028 †x◇ | Best Egg | 5/20/2024 | 31361 | 30934 | 31293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288029, 10.630%, 10/23/2027 †§x | Prosper | 10/25/2024 | 22603 | 22335 | 22647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288032, 8.860%, 10/23/2028 †§x | Prosper | 10/25/2024 | 26448 | 26078 | 26299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288182, 18.760%, 10/23/2029 †§x | Prosper | 10/25/2024 | 30237 | 29745 | 28488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288185, 14.010%, 10/23/2029 †§x | Prosper | 10/25/2024 | 26009 | 25595 | 26721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288407, 10.890%, 10/23/2029 †§x | Prosper | 10/25/2024 | 38365 | 37763 | 37839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288536, 11.550%, 10/24/2029 †§x | Prosper | 10/28/2024 | 38922 | 38312 | 38705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288551, 12.750%, 10/24/2029 †§x | Prosper | 10/28/2024 | 31861 | 31358 | 32195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288554, 16.000%, 10/24/2029 †§x | Prosper | 10/28/2024 | 29823 | 29344 | 28548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288578, 15.750%, 10/24/2029 †§x | Prosper | 10/28/2024 | 30020 | 29536 | 28641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288593, 14.180%, 11/02/2029 †§x# | Prosper | 10/28/2024 | 27711 | 27263 | 25819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288596, 15.280%, 10/24/2029 †§x | Prosper | 10/28/2024 | 26470 | 26047 | 25962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2288776, 20.850%, 10/24/2029 †§x | Prosper | 10/28/2024 | 24763 | 24355 | 24558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2289625, 13.200%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 31609 | 31107 | 30012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2289877, 20.750%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 26879 | 26435 | 25749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2289883, 19.050%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 25342 | 24928 | 24358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2290030, 16.880%, 10/28/2029 †§x# | Prosper | 10/30/2024 | 24697 | 24298 | 23083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2290189, 15.350%, 10/29/2029 †§x# | Prosper | 10/31/2024 | 21232 | 20892 | 20212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2290207, 21.480%, 10/29/2029 †§x# | Prosper | 10/31/2024 | 25195 | 24778 | 24917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2294525, 10.680%, 11/20/2029 †§x | Prosper | 11/22/2024 | 21670 | 21327 | 21512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2295926, 15.000%, 11/25/2029 †§x# | Prosper | 11/27/2024 | 37210 | 36606 | 39365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2296105, 15.150%, 6/23/2029 †x◇ | Best Egg | 5/28/2024 | 36596 | 36078 | 36760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2296127, 12.760%, 11/30/2029 †§x# | Prosper | 11/27/2024 | 22329 | 21966 | 22138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2296136, 18.430%, 11/25/2029 †§x# | Prosper | 11/27/2024 | 25682 | 25257 | 25366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2296607, 15.820%, 11/26/2029 †§x# | Prosper | 11/29/2024 | 20556 | 20220 | 20448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2296610, 14.650%, 11/26/2027 †§x# | Prosper | 11/29/2024 | 21819 | 21541 | 21070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2296616, 14.470%, 11/26/2029 †§x# | Prosper | 11/29/2024 | 24793 | 24390 | 24223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2296830, 14.950%, 6/23/2028 †x | Best Egg | 5/28/2024 | 23392 | 23069 | 22571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297195, 11.770%, 7/01/2027 †x◇ | Best Egg | 5/30/2024 | 24495 | 24183 | 24795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297397, 13.750%, 11/21/2029 †§x | Prosper | 11/25/2024 | 28725 | 28261 | 27647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297472, 16.120%, 8/01/2029 †x◇ | Best Egg | 5/30/2024 | 34341 | 33852 | 31731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297483, 26.180%, 6/01/2029 †x◇ | Best Egg | 5/30/2024 | 25699 | 25332 | 23459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297502, 17.200%, 11/21/2029 †§x | Prosper | 11/25/2024 | 21418 | 21067 | 21446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297648, 19.720%, 11/29/2029 †§x# | Prosper | 12/03/2024 | 29594 | 29100 | 28943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297651, 17.280%, 11/29/2028 †§x# | Prosper | 12/03/2024 | 31785 | 31305 | 30870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297753, 15.630%, 6/01/2029 †x◇ | Best Egg | 5/30/2024 | 21668 | 21361 | 20748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2297896, 16.580%, 6/01/2029 †x◇ | Best Egg | 5/30/2024 | 36331 | 35816 | 35756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298129, 5.880%, 7/11/2027 †x◇ | Best Egg | 5/30/2024 | 23415 | 23118 | 23657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298185, 13.910%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | 25982 | 25615 | 25563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298514, 23.660%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | 25831 | 25463 | 23655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298567, 12.000%, 11/25/2029 †§x# | Prosper | 11/27/2024 | 40152 | 39509 | 40163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298569, 15.140%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | 29749 | 29328 | 28745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298606, 18.430%, 11/25/2029 †§x# | Prosper | 11/27/2024 | 27407 | 26951 | 27069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298834, 14.170%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | 32722 | 32260 | 32847 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**16** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2298870, 14.630%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | $33572 | $33097 | $33954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2299017, 11.020%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2299086, 13.030%, 11/26/2029 †§x# | Prosper | 11/29/2024 | 27912 | 27463 | 27866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2299092, 12.100%, 11/26/2029 †§x# | Prosper | 11/29/2024 | 26155 | 25736 | 26341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2299297, 18.050%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | 22135 | 21820 | 21767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2299368, 26.660%, 7/01/2029 †x◇ | Best Egg | 5/30/2024 | 24120 | 23775 | 21928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300034, 19.050%, 11/29/2029 †§x# | Prosper | 12/03/2024 | 23342 | 22951 | 22663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300037, 21.110%, 11/29/2029 †§x# | Prosper | 12/03/2024 | 21256 | 20900 | 20716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300058, 12.460%, 7/16/2029 †x◇ | Best Egg | 5/31/2024 | 31348 | 30905 | 30938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300529, 20.000%, 7/07/2029 †x◇ | Best Egg | 5/31/2024 | 33042 | 32573 | 30476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300731, 11.200%, 11/20/2029 †§x | Prosper | 11/22/2024 | 29590 | 29119 | 29707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2301020, 12.230%, 7/01/2029 †x◇ | Best Egg | 5/31/2024 | 21878 | 21570 | 21976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2301283, 13.750%, 12/01/2029 †§x# | Prosper | 11/25/2024 | 21519 | 21166 | 20582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302345, 13.930%, 11/25/2029 †§x# | Prosper | 11/27/2024 | 22033 | 21677 | 22624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302359, 16.120%, 7/01/2029 †x◇ | Best Egg | 6/03/2024 | 33862 | 33382 | 33974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302399, 16.120%, 9/01/2029 †x | Best Egg | 6/03/2024 | 42408 | 41795 | 42313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302405, 15.430%, 11/25/2029 †§x# | Prosper | 11/27/2024 | 22195 | 21834 | 22870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302542, 20.460%, 8/01/2029 †x | Best Egg | 6/03/2024 | 30193 | 29757 | 27297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302639, 12.950%, 7/01/2029 †x◇ | Best Egg | 6/03/2024 | 31302 | 30860 | 30517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302927, 11.480%, 11/26/2029 †§x# | Prosper | 11/29/2024 | 30114 | 29633 | 30075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2302933, 10.890%, 11/26/2029 †§x# | Prosper | 11/29/2024 | 20754 | 20424 | 20563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2303107, 15.650%, 11/26/2027 †§x# | Prosper | 11/29/2024 | 22619 | 22330 | 21999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2304680, 10.760%, 12/16/2028 †§x | Prosper | 12/18/2024 | 24514 | 24150 | 24351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2304683, 14.900%, 12/31/2027 †§x# | Prosper | 12/18/2024 | 28517 | 28136 | 27122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2304701, 13.330%, 12/16/2029 †§x | Prosper | 12/18/2024 | 26816 | 26379 | 27260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2304980, 10.250%, 12/17/2027 †§x | Prosper | 12/19/2024 | 22976 | 22683 | 23102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2304983, 13.900%, 12/17/2029 †§x | Prosper | 12/19/2024 | 41222 | 40549 | 41022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2304986, 11.660%, 12/17/2027 †§x | Prosper | 12/19/2024 | 27713 | 27356 | 28004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305177, 7.840%, 7/01/2027 †x◇ | Best Egg | 6/03/2024 | 22513 | 22227 | 22756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305208, 13.600%, 12/17/2029 †§x | Prosper | 12/19/2024 | 22186 | 21824 | 21128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305226, 11.480%, 12/31/2029 †§x# | Prosper | 12/19/2024 | 21248 | 20899 | 21065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305262, 14.450%, 12/20/2027 †§x | Prosper | 12/19/2024 | 21838 | 21548 | 21086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305383, 16.100%, 8/01/2029 †x#◇ | Best Egg | 6/03/2024 | 37753 | 37218 | 37092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305541, 13.600%, 12/25/2029 †§x# | Prosper | 12/19/2024 | 28144 | 27678 | 26806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305556, 27.690%, 7/01/2029 †x | Best Egg | 6/03/2024 | 36391 | 35858 | 33126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305697, 11.090%, 12/17/2029 †§x | Prosper | 12/19/2024 | 36616 | 36025 | 36828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305745, 12.130%, 12/17/2029 †§x | Prosper | 12/19/2024 | 24534 | 24136 | 24539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305750, 19.030%, 7/01/2029 †x#◇ | Best Egg | 6/03/2024 | 37525 | 36986 | 37485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305787, 19.450%, 12/17/2029 †§x | Prosper | 12/19/2024 | 25352 | 24927 | 24550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305850, 14.280%, 12/17/2029 †§x | Prosper | 12/19/2024 | 27261 | 26814 | 28018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2305862, 17.350%, 12/17/2029 †§x | Prosper | 12/19/2024 | 33501 | 32944 | 33487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2306047, 14.660%, 7/01/2029 †x◇ | Best Egg | 6/03/2024 | 27810 | 27416 | 27015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2306317, 16.840%, 7/01/2029 †x◇ | Best Egg | 6/03/2024 | 23041 | 22714 | 22635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2306462, 20.940%, 6/05/2029 †x◇ | Best Egg | 6/03/2024 | 36470 | 36041 | 35251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2306862, 11.160%, 12/16/2029 †§x | Prosper | 12/18/2024 | 39070 | 38440 | 38558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2306880, 14.830%, 12/16/2029 †§x | Prosper | 12/18/2024 | 23603 | 23216 | 24485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307108, 13.130%, 12/17/2028 †§x | Prosper | 12/19/2024 | 38020 | 37449 | 37754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307114, 10.380%, 12/17/2029 †§x | Prosper | 12/19/2024 | 37438 | 36836 | 37155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307117, 10.680%, 12/17/2029 †§x | Prosper | 12/19/2024 | 40603 | 39949 | 40265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307126, 11.480%, 12/17/2029 †§x | Prosper | 12/19/2024 | 22011 | 21655 | 21821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307564, 12.000%, 12/17/2029 †§x | Prosper | 12/19/2024 | 27536 | 27090 | 27493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307570, 14.200%, 12/17/2029 †§x# | Prosper | 12/19/2024 | 33773 | 33216 | 32557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307579, 19.050%, 12/31/2029 †§x# | Prosper | 12/19/2024 | 25928 | 25485 | 24913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307714, 11.180%, 12/17/2029 †§x | Prosper | 12/19/2024 | 32155 | 31636 | 32109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2307747, 12.100%, 12/17/2029 †§x | Prosper | 12/19/2024 | 26166 | 25741 | 26161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2308529, 13.730%, 11/26/2030 †x# | Prosper | 12/30/2024 | 31262 | 30691 | 26262 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**17** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2308841, 13.860%, 12/26/2027 †§x# | Prosper | 12/30/2024 | $23020 | $22716 | $21960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2309141, 21.260%, 12/27/2029 †§x# | Prosper | 12/31/2024 | 21574 | 21208 | 20928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2309162, 18.750%, 12/27/2029 †§x# | Prosper | 12/31/2024 | 21369 | 21010 | 20741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2309171, 20.230%, 12/27/2029 †§x# | Prosper | 12/31/2024 | 25003 | 24578 | 24560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2309330, 11.480%, 12/27/2029 †§x# | Prosper | 12/31/2024 | 29849 | 29363 | 29210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2309384, 12.240%, 12/27/2029 †§x# | Prosper | 12/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2309582, 13.750%, 12/30/2029 †§x# | Prosper | 1/02/2025 | 33496 | 32945 | 31962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2309798, 13.900%, 12/30/2028 †§x# | Prosper | 1/02/2025 | 28909 | 28469 | 28123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2310474, 11.500%, 12/26/2029 †§x# | Prosper | 12/30/2024 | 26135 | 25710 | 26093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2310545, 13.750%, 12/31/2029 †§x# | Prosper | 1/03/2025 | 34332 | 33766 | 32714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2310615, 13.750%, 12/26/2029 †§x# | Prosper | 12/30/2024 | 25123 | 24710 | 24246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2310681, 12.380%, 12/26/2029 †§x# | Prosper | 12/30/2024 | 24974 | 24566 | 23655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2310840, 14.750%, 12/26/2029 †§x# | Prosper | 12/30/2024 | 27722 | 27265 | 26708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2310951, 12.790%, 12/26/2029 †§x# | Prosper | 12/30/2024 | 29188 | 28711 | 27838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311054, 18.050%, 12/16/2029 †§x | Prosper | 12/18/2024 | 25202 | 24782 | 23945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311063, 12.130%, 12/16/2028 †§x | Prosper | 12/18/2024 | 22699 | 22360 | 22540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311075, 11.050%, 12/31/2029 †§x | Prosper | 12/18/2024 | 35708 | 35124 | 35203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311297, 11.420%, 12/17/2029 †§x | Prosper | 12/19/2024 | 26895 | 26460 | 27060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311303, 13.330%, 12/20/2029 †§x | Prosper | 12/19/2024 | 20592 | 20252 | 20937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311380, 19.000%, 12/27/2029 †§x# | Prosper | 12/31/2024 | 23640 | 23240 | 23260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311552, 11.250%, 12/17/2029 †§x | Prosper | 12/19/2024 | 35016 | 34451 | 34604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311555, 19.250%, 12/17/2029 †§x | Prosper | 12/19/2024 | 31241 | 30718 | 30173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311786, 17.140%, 12/17/2029 †§x | Prosper | 12/19/2024 | 23429 | 23040 | 21996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2311987, 19.110%, 9/30/2028 †x# | Prosper | 12/19/2024 | 33150 | 32487 | 27425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2312029, 11.550%, 12/17/2029 †§x | Prosper | 12/19/2024 | 40771 | 40112 | 40458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2312119, 17.330%, 12/17/2029 †§x | Prosper | 12/19/2024 | 21774 | 21412 | 21451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2312122, 13.900%, 12/17/2029 †§x | Prosper | 12/19/2024 | 30807 | 30304 | 29338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2312868, 11.650%, 12/31/2029 †§x# | Prosper | 1/03/2025 | 41485 | 40809 | 41117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2312874, 18.680%, 12/31/2029 †§x# | Prosper | 1/03/2025 | 25818 | 25383 | 23947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2314921, 13.770%, 12/26/2029 †§x# | Prosper | 12/30/2024 | 25962 | 25536 | 25095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2315146, 14.530%, 12/26/2029 †§x# | Prosper | 12/30/2024 | 24786 | 24378 | 24207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2315320, 20.550%, 12/27/2029 †§x# | Prosper | 12/31/2024 | 20656 | 20307 | 20041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2315875, 18.520%, 12/30/2029 †§x# | Prosper | 1/02/2025 | 32024 | 31486 | 30358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2319059, 11.360%, 2/03/2028 †§x# | Prosper | 1/24/2025 | 27564 | 27185 | 27915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2319062, 13.460%, 1/22/2028 †§x# | Prosper | 1/24/2025 | 25016 | 24674 | 25305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2319263, 14.180%, 1/22/2030 †§x | Prosper | 1/24/2025 | 41945 | 41245 | 43199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2319266, 9.880%, 1/22/2029 †§x | Prosper | 1/24/2025 | 38341 | 37757 | 38323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2319272, 10.490%, 1/22/2028 †§x | Prosper | 1/24/2025 | 26304 | 25951 | 26362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2319281, 12.000%, 1/22/2030 †§x | Prosper | 1/24/2025 | 31159 | 30644 | 31130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2319293, 15.430%, 1/31/2030 †§x# | Prosper | 1/24/2025 | 21056 | 20698 | 21715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320256, 12.100%, 1/25/2030 †§x# | Prosper | 1/27/2025 | 40667 | 39986 | 40692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320790, 11.500%, 1/24/2030 †§x | Prosper | 1/28/2025 | 41458 | 40773 | 41111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320793, 11.050%, 1/24/2030 †§x | Prosper | 1/28/2025 | 41378 | 40695 | 41037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320796, 13.330%, 1/24/2030 †§x | Prosper | 1/28/2025 | 27253 | 26799 | 27012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320802, 22.480%, 1/24/2030 †§x | Prosper | 1/28/2025 | 21668 | 21294 | 21165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320803, 12.750%, 1/22/2030 †§x | Prosper | 1/24/2025 | 40777 | 40100 | 41169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320809, 13.650%, 2/05/2030 †§x# | Prosper | 1/24/2025 | 25680 | 25245 | 26279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320950, 11.160%, 1/22/2030 †§x | Prosper | 1/24/2025 | 33116 | 32570 | 32697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2320953, 8.100%, 1/22/2030 †§x | Prosper | 1/24/2025 | 31834 | 31317 | 30808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321033, 14.080%, 1/27/2030 †§x# | Prosper | 1/29/2025 | 34918 | 34334 | 32403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321292, 10.080%, 1/22/2030 †§x | Prosper | 1/24/2025 | 24303 | 23905 | 24093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321313, 10.080%, 1/22/2030 †§x | Prosper | 1/24/2025 | 26862 | 26421 | 26629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321316, 10.680%, 1/22/2030 †§x | Prosper | 1/24/2025 | 33044 | 32501 | 32755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321319, 13.050%, 1/22/2028 †§x | Prosper | 1/24/2025 | 26633 | 26271 | 27428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321334, 11.450%, 1/22/2028 †§x | Prosper | 1/24/2025 | 26428 | 26072 | 26864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321952, 13.330%, 1/24/2030 †§x | Prosper | 1/28/2025 | 27253 | 26799 | 27012 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**18** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2321964, 11.820%, 2/01/2030 †§x# | Prosper | 1/28/2025 | $29899 | $29398 | $29644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322003, 13.730%, 1/24/2030 †§x | Prosper | 1/28/2025 | 31850 | 31319 | 31565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322006, 12.100%, 1/24/2030 †§x | Prosper | 1/28/2025 | 41568 | 40880 | 41214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322393, 11.450%, 1/24/2028 †§x | Prosper | 1/28/2025 | 26428 | 26071 | 26233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322396, 13.160%, 1/24/2028 †§x | Prosper | 1/28/2025 | 20619 | 20338 | 20467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322399, 21.550%, 1/24/2030 †§x | Prosper | 1/28/2025 | 25913 | 25468 | 25319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322402, 14.030%, 1/24/2030 †§x | Prosper | 1/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322405, 22.110%, 1/24/2030 †§x | Prosper | 1/28/2025 | 20773 | 20415 | 20293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322621, 16.200%, 1/27/2030 †§x# | Prosper | 1/29/2025 | 30051 | 29545 | 29583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322737, 15.450%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 34402 | 33819 | 33334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322740, 21.200%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 34089 | 33500 | 35922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322752, 15.300%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 25385 | 24958 | 23890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322755, 14.920%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 21348 | 20988 | 20687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322852, 12.560%, 1/27/2028 †§x# | Prosper | 1/29/2025 | 28988 | 28593 | 27477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2322855, 15.750%, 11/26/2030 †x# | Prosper | 1/29/2025 | 29696 | 29102 | 23789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323232, 15.080%, 2/28/2029 †§x# | Prosper | 2/03/2025 | 34059 | 33515 | 33185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323235, 14.800%, 1/30/2028 †§x# | Prosper | 2/03/2025 | 29619 | 29207 | 28147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323241, 16.050%, 1/30/2028 †§x# | Prosper | 2/03/2025 | 21905 | 21601 | 21402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323250, 19.660%, 1/30/2030 †§x# | Prosper | 2/03/2025 | 26083 | 25635 | 24512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323259, 21.550%, 1/30/2030 †§x# | Prosper | 2/03/2025 | 21002 | 20639 | 20402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323487, 12.380%, 1/31/2030 †§x# | Prosper | 2/04/2025 | 34681 | 34104 | 32434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2323490, 19.000%, 1/31/2030 †§x# | Prosper | 2/04/2025 | 32091 | 31543 | 30698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324292, 15.880%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 35160 | 34566 | 34516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324295, 13.750%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 34911 | 34325 | 33244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324298, 14.900%, 1/29/2028 †§x# | Prosper | 1/31/2025 | 29294 | 28888 | 27824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324301, 15.750%, 4/29/2028 †x# | Prosper | 1/31/2025 | 29074 | 28687 | 28020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324310, 11.880%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 24118 | 23717 | 22423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324454, 20.850%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 35794 | 35177 | 34165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324460, 21.850%, 1/29/2030 †§x | Prosper | 1/31/2025 | 28466 | 27934 | 27519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2324844, 18.140%, 1/30/2030 †§x# | Prosper | 2/03/2025 | 31995 | 31450 | 29941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325069, 20.730%, 1/31/2030 †§x# | Prosper | 2/04/2025 | 23559 | 23154 | 23062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325349, 13.310%, 1/22/2028 †§x | Prosper | 1/24/2025 | 26666 | 26303 | 26974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325490, 15.000%, 1/22/2030 †§x | Prosper | 1/24/2025 | 42090 | 41386 | 44528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325517, 13.130%, 1/22/2030 †§x | Prosper | 1/24/2025 | 41756 | 41063 | 42200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325526, 21.410%, 2/01/2030 †§x# | Prosper | 1/24/2025 | 25129 | 24690 | 24739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325529, 10.080%, 1/22/2030 †§x | Prosper | 1/24/2025 | 23480 | 23095 | 23277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325895, 16.400%, 1/27/2030 †§x# | Prosper | 1/24/2025 | 19611 | 19278 | 20151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325898, 10.680%, 1/25/2030 †§x# | Prosper | 1/24/2025 | 20674 | 20331 | 20494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325919, 11.090%, 1/22/2030 †§x | Prosper | 1/24/2025 | 24829 | 24420 | 24971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2325925, 11.480%, 1/22/2030 †§x | Prosper | 1/24/2025 | 22527 | 22155 | 22342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2326582, 12.250%, 1/24/2030 †§x | Prosper | 1/28/2025 | 22823 | 22444 | 22632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2326588, 12.100%, 1/24/2030 †§x | Prosper | 1/28/2025 | 27107 | 26658 | 26876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2326591, 11.480%, 1/24/2030 †§x | Prosper | 1/28/2025 | 24458 | 24054 | 24254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2326594, 12.980%, 1/31/2030 †§x# | Prosper | 1/28/2025 | 21263 | 20904 | 21074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2327122, 19.850%, 1/24/2030 †§x | Prosper | 1/28/2025 | 31757 | 31214 | 31043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2327125, 17.950%, 1/24/2030 †§x | Prosper | 1/28/2025 | 31523 | 30989 | 30832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2327128, 18.520%, 12/24/2030 †x# | Prosper | 1/28/2025 | 28836 | 28260 | 23856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2327371, 18.330%, 1/27/2030 †§x# | Prosper | 1/29/2025 | 29507 | 28999 | 29342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 232755210, 15.600%, 6/12/2028 †§x | Upgrade | 6/15/2023 | 24610 | 24473 | 25164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2327592, 16.110%, 8/01/2029 †x◇ | Best Egg | 6/17/2024 | 28259 | 27859 | 28419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2327620, 18.900%, 1/27/2030 †§x# | Prosper | 1/29/2025 | 33840 | 33262 | 34587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2327632, 16.200%, 1/27/2030 †§x | Prosper | 1/29/2025 | 21028 | 20666 | 20617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2328279, 10.480%, 7/25/2029 †x◇ | Best Egg | 6/20/2024 | 22681 | 22361 | 22339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329049, 7.570%, 6/16/2027 †x◇ | Best Egg | 6/20/2024 | 23623 | 23326 | 23772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329102, 15.880%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 35160 | 34566 | 34516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329105, 14.530%, 1/29/2030 †§x# | Prosper | 1/31/2025 | 32420 | 31875 | 31250 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**19** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329108, 14.750%, 1/29/2030 †§x# | Prosper | 1/31/2025 | $32447 | $31902 | $30822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329111, 18.430%, 2/28/2030 †§x# | Prosper | 1/31/2025 | 30901 | 30366 | 30332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329591, 13.750%, 1/30/2030 †§x# | Prosper | 2/03/2025 | 34872 | 34289 | 33221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329603, 19.050%, 1/30/2030 †§x# | Prosper | 2/03/2025 | 21689 | 21318 | 20755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329606, 21.110%, 1/30/2030 †§x# | Prosper | 2/03/2025 | 21845 | 21468 | 21312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329751, 15.980%, 2/18/2030 †§x | Prosper | 2/20/2025 | 30024 | 29513 | 29642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329754, 15.000%, 2/18/2030 †§x | Prosper | 2/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329855, 15.750%, 1/31/2030 †§x# | Prosper | 2/04/2025 | 33426 | 32862 | 32195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329858, 13.950%, 1/31/2029 †§x# | Prosper | 2/04/2025 | 23983 | 23609 | 23356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2329861, 15.600%, 1/31/2028 †§x# | Prosper | 2/04/2025 | 25867 | 25531 | 24787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330024, 15.140%, 2/19/2028 †§x | Prosper | 2/21/2025 | 22169 | 21854 | 21502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330180, 15.200%, 2/21/2028 †§x | Prosper | 2/21/2025 | 22201 | 21881 | 21102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330183, 15.750%, 2/19/2030 †§x | Prosper | 2/21/2025 | 26569 | 26117 | 25243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330186, 16.430%, 2/19/2030 †§x | Prosper | 2/21/2025 | 24816 | 24393 | 24470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330239, 18.050%, 1/31/2030 †§x# | Prosper | 2/04/2025 | 21610 | 21242 | 20410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330531, 16.590%, 2/19/2030 †§x | Prosper | 2/21/2025 | 35251 | 34649 | 33882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330534, 12.100%, 2/19/2030 †§x | Prosper | 2/21/2025 | 34219 | 33645 | 34244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330540, 14.980%, 2/19/2030 †§x | Prosper | 2/21/2025 | 28628 | 28142 | 26985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330549, 12.250%, 2/19/2030 †§x | Prosper | 2/21/2025 | 25363 | 24937 | 25436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330552, 16.200%, 2/19/2030 †§x | Prosper | 2/21/2025 | 23583 | 23181 | 23360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330747, 10.650%, 2/19/2030 †§x | Prosper | 2/21/2025 | 22062 | 21694 | 21726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330750, 12.100%, 2/19/2030 †§x | Prosper | 2/21/2025 | 34642 | 34060 | 34667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330753, 14.180%, 2/19/2030 †§x | Prosper | 2/21/2025 | 34934 | 34342 | 32474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2330756, 16.590%, 2/19/2030 †§x | Prosper | 2/21/2025 | 29232 | 28733 | 28098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331205, 19.770%, 6/16/2029 †x#◇ | Best Egg | 6/20/2024 | 22087 | 21772 | 20453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233161897, 18.660%, 6/15/2028 †§x# | Upgrade | 6/20/2023 | 23486 | 23349 | 24621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331648, 14.490%, 2/19/2028 †§x | Prosper | 2/21/2025 | 22107 | 21794 | 20924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331651, 16.750%, 2/19/2029 †§x | Prosper | 2/21/2025 | 23441 | 23065 | 22872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331654, 15.550%, 2/19/2030 †§x | Prosper | 2/21/2025 | 25693 | 25256 | 24613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233176421, 24.200%, 6/20/2028 †x | Upgrade | 6/20/2023 | 24088 | 23940 | 24585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331966, 17.330%, 2/19/2030 †§x | Prosper | 2/21/2025 | 35347 | 34742 | 34849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331969, 16.750%, 2/19/2030 †§x | Prosper | 2/21/2025 | 34412 | 33824 | 33149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331975, 8.380%, 2/19/2028 †§x | Prosper | 2/21/2025 | 24889 | 24547 | 24685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331978, 13.480%, 2/19/2030 †§x | Prosper | 2/21/2025 | 29311 | 28817 | 29908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331981, 14.530%, 2/28/2030 †§x# | Prosper | 2/21/2025 | 28313 | 27826 | 27375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331984, 16.000%, 2/19/2030 †§x# | Prosper | 2/21/2025 | 27790 | 27314 | 26610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331987, 15.000%, 2/19/2030 †§x | Prosper | 2/21/2025 | 24415 | 24001 | 23784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331990, 11.950%, 2/23/2029 †§x | Prosper | 2/21/2025 | 21028 | 20694 | 20897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2331993, 10.350%, 2/19/2030 †§x | Prosper | 2/21/2025 | 20972 | 20622 | 20788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332185, 11.360%, 2/19/2028 †§x | Prosper | 2/21/2025 | 35169 | 34679 | 35605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332188, 12.750%, 2/19/2030 †§x | Prosper | 2/21/2025 | 41968 | 41258 | 42379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332191, 11.660%, 2/19/2028 †§x | Prosper | 2/21/2025 | 25708 | 25349 | 26025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332194, 15.830%, 2/19/2030 †§x | Prosper | 2/21/2025 | 30007 | 29496 | 29570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332197, 13.300%, 2/19/2030 †§x | Prosper | 2/21/2025 | 27986 | 27514 | 26621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332200, 10.090%, 2/19/2030 †§x | Prosper | 2/21/2025 | 27321 | 26866 | 26572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233240098, 19.460%, 6/15/2028 †§x | Upgrade | 6/20/2023 | 24955 | 24810 | 25704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332494, 11.660%, 2/20/2028 †§x | Prosper | 2/24/2025 | 35216 | 34724 | 35657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332503, 12.750%, 2/20/2030 †§x | Prosper | 2/24/2025 | 22557 | 22177 | 22786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332506, 11.750%, 2/20/2030 †§x | Prosper | 2/24/2025 | 21093 | 20739 | 21008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332580, 12.430%, 2/24/2030 †§x | Prosper | 2/26/2025 | 42302 | 41590 | 42569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332583, 11.850%, 2/24/2030 †§x | Prosper | 2/26/2025 | 42203 | 41494 | 42120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332589, 12.500%, 2/24/2030 †§x | Prosper | 2/26/2025 | 31272 | 30745 | 31501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332595, 15.360%, 2/24/2028 †§x | Prosper | 2/26/2025 | 22548 | 22225 | 21634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332598, 16.300%, 2/24/2030 †§x | Prosper | 2/26/2025 | 24907 | 24481 | 24082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332601, 11.480%, 2/24/2030 †§x | Prosper | 2/26/2025 | 21070 | 20716 | 20917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332655, 15.250%, 3/17/2028 †§x# | Prosper | 2/26/2025 | 29600 | 29175 | 27956 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**20** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332658, 13.500%, 2/24/2030 †§x | Prosper | 2/26/2025 | $22406 | $22027 | $21362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332802, 13.680%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 42513 | 41793 | 43555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332808, 17.230%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 33611 | 33034 | 33066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2332814, 14.130%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 29812 | 29306 | 28722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333246, 22.110%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 21112 | 20740 | 21168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333369, 15.400%, 2/25/2030 †§x# | Prosper | 2/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333372, 16.500%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 26551 | 26096 | 25771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333375, 16.030%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 21449 | 21083 | 21225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233338836, 15.600%, 6/13/2028 †x | Upgrade | 6/16/2023 | 26990 | 26840 | 27301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333589, 21.330%, 2/21/2030 †§x | Prosper | 2/25/2025 | 32351 | 31789 | 31627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333592, 18.500%, 2/21/2030 †§x | Prosper | 2/25/2025 | 30184 | 29665 | 29527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333595, 21.430%, 2/21/2030 †§x | Prosper | 2/25/2025 | 30612 | 30081 | 29927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2333598, 18.250%, 2/21/2030 †§x | Prosper | 2/25/2025 | 27680 | 27205 | 27081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334012, 15.400%, 2/24/2028 †§x | Prosper | 2/26/2025 | 28637 | 28227 | 27220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334015, 16.650%, 2/24/2030 †§x | Prosper | 2/26/2025 | 33539 | 32965 | 32655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334027, 15.750%, 2/24/2030 †§x# | Prosper | 2/26/2025 | 26958 | 26499 | 20536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334030, 15.500%, 2/24/2030 †§x | Prosper | 2/26/2025 | 22263 | 21883 | 21096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334033, 12.250%, 2/24/2030 †§x | Prosper | 2/26/2025 | 21981 | 21611 | 22063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334085, 16.120%, 6/19/2029 †x◇ | Best Egg | 6/24/2024 | 31944 | 31492 | 32072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334093, 13.480%, 2/24/2029 †§x | Prosper | 2/26/2025 | 26293 | 25876 | 25689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334213, 12.730%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 29224 | 28731 | 29475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334225, 19.880%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 24360 | 23939 | 23772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334242, 18.860%, 2/27/2028 †§x# | Prosper | 3/03/2025 | 24031 | 23681 | 23916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334500, 20.860%, 2/27/2028 †§x# | Prosper | 3/03/2025 | 20427 | 20127 | 20334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334509, 17.640%, 2/27/2030 †§x# | Prosper | 3/03/2025 | 21880 | 21503 | 20266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334591, 21.230%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 20977 | 20612 | 20550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2334707, 14.170%, 6/19/2029 †x◇ | Best Egg | 6/24/2024 | 24585 | 24238 | 24674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233513757, 15.600%, 6/14/2028 †§x | Upgrade | 6/20/2023 | 25371 | 25230 | 25965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2335689, 15.850%, 2/27/2028 †§x# | Prosper | 3/03/2025 | 25983 | 25610 | 25243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2335824, 17.810%, 7/26/2029 †x◇ | Best Egg | 6/24/2024 | 38168 | 37626 | 36388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2335911, 13.690%, 6/19/2029 †x◇ | Best Egg | 6/24/2024 | 25861 | 25496 | 25057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233631303, 15.600%, 6/14/2028 †§x | Upgrade | 6/20/2023 | 19790 | 19679 | 20253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336557, 13.770%, 2/19/2030 †§x | Prosper | 2/21/2025 | 33173 | 32612 | 31764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336560, 14.380%, 2/19/2030 †§x | Prosper | 2/21/2025 | 33251 | 32688 | 32112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336563, 16.750%, 2/19/2030 †§x | Prosper | 2/21/2025 | 29187 | 28688 | 28118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336833, 11.450%, 2/19/2028 †§x | Prosper | 2/21/2025 | 33776 | 33305 | 34352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336836, 13.750%, 2/28/2030 †§x# | Prosper | 2/21/2025 | 35629 | 35019 | 34013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336839, 16.750%, 2/19/2030 †§x | Prosper | 2/21/2025 | 35272 | 34669 | 33977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336845, 12.860%, 2/19/2028 †§x | Prosper | 2/21/2025 | 27615 | 27227 | 27951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336848, 17.470%, 2/19/2030 †§x | Prosper | 2/21/2025 | 33640 | 33064 | 33910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336851, 12.600%, 2/28/2030 †§x# | Prosper | 2/21/2025 | 32601 | 32046 | 32869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336854, 14.850%, 2/19/2028 †§x | Prosper | 2/21/2025 | 27075 | 26691 | 25548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336857, 10.350%, 2/19/2030 †§x | Prosper | 2/21/2025 | 29360 | 28871 | 28661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336860, 10.380%, 2/19/2030 †§x | Prosper | 2/21/2025 | 25589 | 25162 | 25375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336869, 10.530%, 2/19/2030 †§x | Prosper | 2/21/2025 | 21827 | 21463 | 21644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233688368, 14.640%, 6/16/2028 †§x | Upgrade | 6/20/2023 | 19546 | 19438 | 20012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336956, 18.780%, 2/19/2030 †§x | Prosper | 2/21/2025 | 35533 | 34921 | 35511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2336959, 11.500%, 2/19/2030 †§x# | Prosper | 2/21/2025 | 25697 | 25266 | 25578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2337085, 14.180%, 2/19/2030 †§x | Prosper | 2/21/2025 | 31827 | 31288 | 29586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2337088, 12.430%, 2/19/2029 †§x | Prosper | 2/21/2025 | 31860 | 31356 | 31659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2337094, 11.950%, 3/03/2029 †§x# | Prosper | 2/21/2025 | 24476 | 24089 | 24323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2337373, 12.750%, 2/20/2030 †§x | Prosper | 2/24/2025 | 41432 | 40734 | 41852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2337376, 10.800%, 2/20/2030 †§x# | Prosper | 2/24/2025 | 31801 | 31268 | 31245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2337379, 12.750%, 2/20/2030 †§x | Prosper | 2/24/2025 | 23478 | 23083 | 23716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2337439, 14.450%, 2/20/2028 †§x | Prosper | 2/24/2025 | 21746 | 21438 | 22684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338009, 14.940%, 2/20/2028 †§x# | Prosper | 2/24/2025 | 20632 | 20337 | 20044 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**21** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338489, 19.550%, 9/07/2028 †x# | Prosper | 2/26/2025 | $29946 | $29449 | $28241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338647, 14.840%, 6/20/2028 †x◇ | Best Egg | 6/24/2024 | 22869 | 22556 | 22946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338663, 20.550%, 2/24/2030 †§x | Prosper | 2/26/2025 | 34009 | 33419 | 34790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233886691, 15.600%, 6/15/2028 †x# | Upgrade | 6/20/2023 | 22447 | 22324 | 22173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338882, 12.000%, 2/24/2030 †§x# | Prosper | 2/26/2025 | 42923 | 42200 | 33089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338888, 20.180%, 2/24/2030 †§x | Prosper | 2/26/2025 | 33493 | 32913 | 32809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338891, 9.180%, 2/24/2029 †§x | Prosper | 2/26/2025 | 26383 | 25972 | 26233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338894, 11.320%, 2/24/2030 †§x | Prosper | 2/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338897, 17.950%, 2/24/2030 †§x | Prosper | 2/26/2025 | 23736 | 23328 | 22541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2338903, 12.750%, 2/24/2030 †§x | Prosper | 2/26/2025 | 22557 | 22177 | 22803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2339122, 12.880%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 33626 | 33055 | 33911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2339125, 10.430%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 25174 | 24753 | 24882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 233943404, 15.600%, 6/15/2028 †§x | Upgrade | 6/20/2023 | 25371 | 25230 | 25968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2339443, 21.200%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 31857 | 31298 | 31115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2339632, 14.900%, 2/25/2028 †§x# | Prosper | 2/27/2025 | 25674 | 25305 | 24879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2339635, 16.180%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 29241 | 28741 | 28771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2339638, 15.630%, 2/25/2030 †§x# | Prosper | 2/27/2025 | 23131 | 22736 | 22761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 234044300, 19.460%, 6/30/2028 †§x | Upgrade | 6/20/2023 | 21171 | 21046 | 21617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2340517, 18.430%, 2/27/2030 †§x# | Prosper | 3/03/2025 | 29019 | 28514 | 27360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2341003, 12.490%, 6/23/2029 †x◇ | Best Egg | 6/26/2024 | 32117 | 31663 | 31652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2341029, 12.700%, 6/23/2029 †x◇ | Best Egg | 6/26/2024 | 36698 | 36180 | 36955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2341272, 14.420%, 6/23/2029 †x◇ | Best Egg | 6/26/2024 | 23185 | 22857 | 22514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2341522, 7.800%, 6/23/2029 †x◇ | Best Egg | 6/26/2024 | 35443 | 34945 | 35868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2341632, 16.440%, 6/23/2027 †x◇ | Best Egg | 6/26/2024 | 25255 | 24933 | 25098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 234254802, 15.600%, 7/03/2028 †§x | Upgrade | 7/06/2023 | 23227 | 23095 | 23677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2343029, 5.250%, 6/24/2027 †x◇ | Best Egg | 6/27/2024 | 20875 | 20612 | 21025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 234364244, 12.600%, 7/03/2028 †§x | Upgrade | 7/06/2023 | 26999 | 26849 | 27116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2344040, 15.920%, 7/26/2028 †x◇ | Best Egg | 6/27/2024 | 24459 | 24122 | 24540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2344383, 9.310%, 6/24/2029 †x◇ | Best Egg | 6/27/2024 | 35836 | 35332 | 36326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2344744, 8.910%, 6/25/2029 †x◇ | Best Egg | 6/28/2024 | 35732 | 35230 | 36127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345369, 9.000%, 3/26/2030 †§x | Prosper | 3/28/2025 | 41374 | 40662 | 40511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345372, 8.180%, 3/26/2029 †§x# | Prosper | 3/28/2025 | 35995 | 35422 | 36014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345375, 10.560%, 3/26/2028 †§x# | Prosper | 3/28/2025 | 24570 | 24216 | 24906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345381, 8.680%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 27593 | 27127 | 27312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345384, 12.250%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 24676 | 24254 | 24907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345387, 14.110%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 26362 | 25908 | 27328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345390, 8.000%, 3/26/2028 †§x# | Prosper | 3/28/2025 | 20273 | 19984 | 20478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345393, 10.440%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 23578 | 23177 | 23184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345756, 11.930%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 39253 | 38582 | 39438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345759, 11.930%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 37903 | 37255 | 38081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345978, 9.680%, 12/27/2030 †x# | Prosper | 3/31/2025 | 43819 | 42943 | 35829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345981, 12.630%, 3/27/2029 †§x# | Prosper | 3/31/2025 | 40670 | 40013 | 40367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345984, 11.020%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 34983 | 34387 | 34394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2345990, 13.530%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 31455 | 30915 | 31500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346022, 17.090%, 6/25/2029 †x#◇ | Best Egg | 6/28/2024 | 35485 | 34982 | 35610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346207, 19.500%, 6/25/2029 †x◇ | Best Egg | 6/28/2024 | 23083 | 22754 | 21258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346230, 14.110%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 43057 | 42316 | 44232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346236, 16.480%, 3/27/2030 †§x | Prosper | 3/31/2025 | 34608 | 33992 | 34256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346239, 16.140%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 34497 | 33898 | 32813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346245, 10.050%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 30329 | 29814 | 29408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346248, 11.600%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 24621 | 24200 | 24408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346251, 15.500%, 4/04/2030 †§x# | Prosper | 3/31/2025 | 23701 | 23288 | 22404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346351, 19.980%, 6/25/2029 †x◇ | Best Egg | 6/28/2024 | 22323 | 22005 | 21389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346655, 19.470%, 8/25/2029 †x# | Best Egg | 6/28/2024 | 40617 | 40037 | 37116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346677, 11.900%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 39249 | 38577 | 38822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346740, 11.600%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 43129 | 42392 | 42662 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**22** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346743, 13.250%, 3/28/2029 †§x# | Prosper | 4/01/2025 | $34170 | $33615 | $33348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346746, 14.110%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 29877 | 29362 | 29541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346755, 15.800%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 24298 | 23877 | 23768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346758, 13.880%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 22034 | 21654 | 21558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346764, 16.700%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 21501 | 21126 | 21035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346921, 13.980%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 43917 | 43162 | 44418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346924, 13.700%, 2/26/2031 †x# | Prosper | 3/28/2025 | 45161 | 44320 | 35397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346927, 10.300%, 3/26/2028 †§x# | Prosper | 3/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2346930, 12.250%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 23727 | 23321 | 23949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347269, 13.530%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 26311 | 25859 | 26605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347332, 10.380%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 43291 | 42554 | 42847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347335, 13.530%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 39466 | 38788 | 39522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347343, 13.720%, 4/08/2030 †§x# | Prosper | 4/02/2025 | 29997 | 29477 | 27612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347346, 20.610%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 29588 | 29066 | 28755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347349, 15.520%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 22951 | 22553 | 21659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347479, 11.550%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 39201 | 38532 | 38834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347662, 10.300%, 3/27/2029 †§x# | Prosper | 3/31/2025 | 41767 | 41089 | 41458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347665, 16.920%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 36355 | 35723 | 36222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347668, 13.720%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 35981 | 35362 | 33089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347671, 13.530%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 35081 | 34478 | 33333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347674, 15.330%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 34407 | 33812 | 33529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347677, 16.080%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 29151 | 28646 | 28426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347680, 11.050%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 27828 | 27354 | 27371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347692, 16.700%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 22152 | 21768 | 21927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347695, 12.700%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 22583 | 22196 | 21207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2347701, 14.950%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 22029 | 21648 | 20752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348133, 12.280%, 3/28/2028 †§x# | Prosper | 4/01/2025 | 37941 | 37386 | 37590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348136, 13.100%, 4/11/2030 †§x# | Prosper | 4/01/2025 | 36155 | 35529 | 35378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348139, 13.540%, 3/28/2028 †§x# | Prosper | 4/01/2025 | 29307 | 28879 | 28715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348142, 16.830%, 3/28/2030 †x# | Prosper | 4/01/2025 | 28689 | 28199 | 24067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348145, 11.750%, 3/28/2029 †§x# | Prosper | 4/01/2025 | 24868 | 24467 | 24683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348148, 15.480%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 25597 | 25154 | 25039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348151, 14.340%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 24060 | 23645 | 23536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348157, 14.250%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 24149 | 23733 | 23626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348667, 11.910%, 3/31/2028 †§x# | Prosper | 4/02/2025 | 33022 | 32540 | 33567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348670, 12.500%, 4/30/2028 †x# | Prosper | 4/02/2025 | 31983 | 31514 | 27607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348676, 17.320%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 31516 | 30966 | 29326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2348679, 13.130%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 21895 | 21519 | 22196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349731, 13.720%, 4/04/2030 †§x | Prosper | 4/08/2025 | 35979 | 35358 | 35227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349734, 11.920%, 4/04/2030 †§x | Prosper | 4/08/2025 | 35761 | 35147 | 35022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349737, 14.100%, 3/04/2031 †x# | Prosper | 4/08/2025 | 29792 | 29235 | 24478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349743, 14.000%, 4/30/2030 †§x# | Prosper | 4/08/2025 | 26763 | 26300 | 26215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349746, 14.880%, 4/04/2030 †§x | Prosper | 4/08/2025 | 23935 | 23520 | 23669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349749, 12.450%, 4/04/2028 †§x | Prosper | 4/08/2025 | 20847 | 20541 | 20441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349752, 16.440%, 4/04/2030 †§x# | Prosper | 4/08/2025 | 22073 | 21686 | 21593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2349755, 19.550%, 4/04/2030 †§x | Prosper | 4/08/2025 | 22345 | 21952 | 21651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351127, 11.770%, 4/04/2030 †§x | Prosper | 4/08/2025 | 43589 | 42840 | 44784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351130, 13.430%, 4/04/2030 †§x | Prosper | 4/08/2025 | 43835 | 43078 | 43361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351133, 9.180%, 4/04/2030 †§x | Prosper | 4/08/2025 | 43192 | 42457 | 42736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351136, 14.550%, 4/04/2030 †§x | Prosper | 4/08/2025 | 43558 | 42803 | 43076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351142, 11.160%, 4/04/2028 †§x | Prosper | 4/08/2025 | 29455 | 29024 | 29186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351145, 8.630%, 4/04/2029 †§x | Prosper | 4/08/2025 | 28482 | 28025 | 28459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351148, 15.250%, 4/04/2030 †§x | Prosper | 4/08/2025 | 29987 | 29466 | 29353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351157, 16.500%, 4/04/2030 †§x | Prosper | 4/08/2025 | 21695 | 21316 | 21233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351385, 11.790%, 4/07/2028 †§x | Prosper | 4/09/2025 | 31147 | 30689 | 29226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351800, 9.080%, 3/26/2029 †§x# | Prosper | 3/28/2025 | 36527 | 35945 | 36547 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**23** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351803, 13.250%, 3/26/2030 †§x# | Prosper | 3/28/2025 | $35048 | $34447 | $33520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351806, 13.650%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 34218 | 33630 | 32913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351809, 9.580%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 33739 | 33167 | 33418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2351812, 10.180%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 28267 | 27787 | 28012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352012, 17.060%, 8/05/2029 †x◇ | Best Egg | 7/03/2024 | 29386 | 28941 | 28241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352214, 11.600%, 3/26/2030 †§x# | Prosper | 3/28/2025 | 25267 | 24836 | 25266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352277, 8.680%, 3/27/2029 †§x# | Prosper | 3/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352377, 15.630%, 8/01/2029 †x◇ | Best Egg | 7/03/2024 | 22520 | 22179 | 22159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 235262341, 14.640%, 7/03/2028 †§x | Upgrade | 7/06/2023 | 20120 | 20006 | 20510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352652, 16.750%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 34565 | 33964 | 33526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352655, 15.380%, 12/27/2030 †x# | Prosper | 3/31/2025 | 36205 | 35535 | 31277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352658, 14.850%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 30390 | 29865 | 28392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352661, 13.720%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 29028 | 28527 | 26698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352667, 9.110%, 3/27/2028 †§x# | Prosper | 3/31/2025 | 24102 | 23756 | 23965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352670, 13.700%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 25069 | 24638 | 23877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352679, 10.250%, 3/27/2030 †§x# | Prosper | 3/31/2025 | 23562 | 23162 | 22911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2352781, 11.120%, 2/27/2029 †x# | Prosper | 3/31/2025 | 32004 | 31460 | 27202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353108, 10.710%, 3/28/2028 †§x# | Prosper | 4/01/2025 | 22243 | 21921 | 22038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353114, 14.500%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 24169 | 23752 | 23645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353117, 16.380%, 3/28/2030 †§x# | Prosper | 4/01/2025 | 22857 | 22460 | 22357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 235335142, 15.060%, 7/18/2027 †x | Upgrade | 7/06/2023 | 22619 | 22531 | 23234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 235349356, 14.920%, 7/03/2028 †x# | Upgrade | 7/06/2023 | 36672 | 36563 | 28628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353657, 14.950%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 36125 | 35500 | 34771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353663, 15.380%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 33932 | 33344 | 33111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353669, 13.850%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 25081 | 24648 | 23821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353672, 12.700%, 3/31/2030 †§x# | Prosper | 4/02/2025 | 24023 | 23611 | 22575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2353753, 14.050%, 4/14/2030 †§x# | Prosper | 4/02/2025 | 22083 | 21701 | 21156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2354698, 19.980%, 7/01/2029 †x◇ | Best Egg | 7/05/2024 | 23483 | 23127 | 22576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2355964, 14.410%, 4/04/2030 †§x | Prosper | 4/08/2025 | 43978 | 43216 | 43493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2355970, 19.550%, 4/17/2029 †§x | Prosper | 4/08/2025 | 28735 | 28251 | 27889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2355973, 9.700%, 4/04/2028 †§x | Prosper | 4/08/2025 | 22531 | 22204 | 22970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2356243, 16.120%, 7/02/2029 †x◇ | Best Egg | 7/05/2024 | 24867 | 24491 | 23576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358134, 11.600%, 4/25/2030 †§x# | Prosper | 4/24/2025 | 43609 | 42853 | 43373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358137, 12.830%, 4/22/2030 †§x | Prosper | 4/24/2025 | 43747 | 42986 | 44302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358143, 12.830%, 4/22/2030 †§x# | Prosper | 4/24/2025 | 26249 | 25792 | 26582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358533, 10.110%, 4/22/2029 †§x# | Prosper | 4/24/2025 | 40333 | 39672 | 40322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358536, 9.580%, 4/22/2030 †§x | Prosper | 4/24/2025 | 40659 | 39959 | 39970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358542, 13.850%, 4/22/2030 †§x | Prosper | 4/24/2025 | 35995 | 35367 | 34287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358545, 11.910%, 8/15/2030 †x# | Prosper | 4/24/2025 | 37341 | 36684 | 36905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358548, 10.580%, 4/22/2028 †§x | Prosper | 4/24/2025 | 22607 | 22271 | 21036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358551, 8.620%, 4/22/2030 †§x | Prosper | 4/24/2025 | 26724 | 26266 | 25895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358557, 12.360%, 4/22/2028 †§x | Prosper | 4/24/2025 | 21622 | 21298 | 21831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358560, 18.070%, 4/22/2030 †§x | Prosper | 4/24/2025 | 24915 | 24475 | 23529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358566, 14.500%, 4/22/2030 †§x | Prosper | 4/24/2025 | 21995 | 21611 | 21150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2358575, 13.700%, 4/22/2030 †§x | Prosper | 4/24/2025 | 21047 | 20681 | 20121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359040, 10.380%, 4/23/2030 †§x | Prosper | 4/25/2025 | 34702 | 34103 | 34372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359043, 9.110%, 4/23/2028 †§x | Prosper | 4/25/2025 | 20360 | 20058 | 20261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359049, 9.730%, 4/23/2029 †§x | Prosper | 4/25/2025 | 20570 | 20234 | 20567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359052, 14.950%, 4/23/2030 †§x# | Prosper | 4/25/2025 | 21111 | 20739 | 20378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 235936669, 20.770%, 7/18/2027 †x# | Upgrade | 7/06/2023 | 20727 | 20633 | 20409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359407, 12.660%, 4/22/2028 †§x | Prosper | 4/24/2025 | 29621 | 29177 | 29906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359410, 13.720%, 4/22/2030 †§x# | Prosper | 4/24/2025 | 33866 | 33276 | 26734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359413, 9.630%, 4/22/2029 †§x | Prosper | 4/24/2025 | 23853 | 23463 | 23716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359803, 9.130%, 4/22/2030 †§x | Prosper | 4/24/2025 | 43184 | 42442 | 42453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359806, 12.250%, 5/08/2030 †§x# | Prosper | 4/24/2025 | 38533 | 37863 | 38730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359812, 19.550%, 4/22/2030 †§x | Prosper | 4/24/2025 | 22347 | 21950 | 21602 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**24** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2359815, 13.880%, 4/22/2030 †§x | Prosper | 4/24/2025 | $21950 | $21568 | $21039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2360331, 15.000%, 4/23/2030 †§x | Prosper | 4/25/2025 | 44062 | 43291 | 46725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2360334, 13.720%, 5/01/2030 †§x# | Prosper | 4/25/2025 | 37055 | 36405 | 34160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2360337, 16.550%, 4/23/2030 †§x | Prosper | 4/25/2025 | 30111 | 29582 | 28920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2360340, 13.350%, 4/30/2028 †§x# | Prosper | 4/25/2025 | 28397 | 27968 | 27034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2360343, 14.360%, 4/23/2030 †§x | Prosper | 4/25/2025 | 28988 | 28482 | 27170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2360346, 9.580%, 4/23/2030 †§x | Prosper | 4/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2361274, 12.550%, 7/07/2029 †x◇ | Best Egg | 7/10/2024 | 26184 | 25789 | 26098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2361340, 13.590%, 8/07/2028 †x | Best Egg | 7/10/2024 | 34990 | 34473 | 35268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236185455, 15.590%, 7/07/2028 †x | Upgrade | 7/06/2023 | 29444 | 29275 | 29328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2362283, 10.250%, 7/07/2027 †x◇ | Best Egg | 7/10/2024 | 24085 | 23758 | 24145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236358666, 24.200%, 7/18/2028 †§x | Upgrade | 7/06/2023 | 29192 | 29013 | 30453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2363612, 14.560%, 7/08/2028 †x◇ | Best Egg | 7/11/2024 | 33590 | 33099 | 33854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364049, 11.020%, 4/24/2030 †§x | Prosper | 4/24/2025 | 43069 | 42324 | 42471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364367, 11.750%, 5/01/2028 †§x# | Prosper | 4/24/2025 | 32190 | 31706 | 30195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364370, 8.800%, 4/30/2028 †§x# | Prosper | 4/24/2025 | 27102 | 26700 | 27489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364373, 12.250%, 4/22/2030 †§x | Prosper | 4/24/2025 | 32740 | 32171 | 32848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236437356, 10.660%, 7/16/2028 †§x | Upgrade | 7/06/2023 | 22368 | 22248 | 22492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364376, 8.000%, 4/22/2030 †§x | Prosper | 4/24/2025 | 32251 | 31699 | 31099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364379, 9.040%, 4/22/2030 †§x | Prosper | 4/24/2025 | 29355 | 28852 | 28108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364382, 11.150%, 4/22/2030 †§x | Prosper | 4/24/2025 | 28363 | 27873 | 28022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364385, 11.020%, 4/22/2030 †§x | Prosper | 4/24/2025 | 26955 | 26489 | 26580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364391, 11.600%, 4/22/2030 †§x | Prosper | 4/24/2025 | 23524 | 23117 | 23396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364394, 19.500%, 4/22/2030 †§x | Prosper | 4/24/2025 | 23682 | 23262 | 22876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236456555, 15.600%, 7/03/2028 †§x | Upgrade | 7/06/2023 | 23517 | 23383 | 23973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364916, 9.560%, 4/23/2028 †§x | Prosper | 4/25/2025 | 27398 | 26992 | 27264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364919, 8.250%, 4/23/2028 †§x | Prosper | 4/25/2025 | 22405 | 22074 | 22595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364922, 13.250%, 4/23/2030 †§x | Prosper | 4/25/2025 | 24068 | 23649 | 22829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2364925, 15.250%, 4/23/2030 †§x | Prosper | 4/25/2025 | 22049 | 21663 | 20785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365202, 19.340%, 5/06/2028 †§x | Prosper | 5/08/2025 | 22463 | 22114 | 22175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365292, 11.500%, 5/06/2030 †§x# | Prosper | 5/08/2025 | 44007 | 43238 | 43582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365301, 12.830%, 5/06/2030 †§x | Prosper | 5/08/2025 | 43526 | 42764 | 43983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365304, 10.950%, 5/06/2028 †§x | Prosper | 5/08/2025 | 38630 | 38045 | 39134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365307, 9.650%, 5/06/2030 †§x | Prosper | 5/08/2025 | 43092 | 42345 | 41566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365310, 10.250%, 5/06/2029 †§x | Prosper | 5/08/2025 | 32031 | 31501 | 31792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365313, 13.130%, 5/06/2030 †§x | Prosper | 5/08/2025 | 32007 | 31447 | 32484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365316, 13.650%, 5/06/2030 †§x | Prosper | 5/08/2025 | 29354 | 28839 | 27918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365319, 14.580%, 5/06/2029 †§x | Prosper | 5/08/2025 | 23478 | 23085 | 22960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365325, 13.700%, 5/15/2030 †§x | Prosper | 5/08/2025 | 24502 | 24071 | 23356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365331, 14.880%, 5/13/2030 †§x | Prosper | 5/08/2025 | 22408 | 22013 | 21726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365334, 15.050%, 5/06/2030 †§x | Prosper | 5/08/2025 | 22355 | 21961 | 21188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365487, 8.830%, 5/06/2030 †§x | Prosper | 5/08/2025 | 43854 | 43096 | 43054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365490, 15.000%, 5/06/2030 †§x | Prosper | 5/08/2025 | 26236 | 25774 | 27762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2365629, 12.790%, 5/06/2028 †§x | Prosper | 5/08/2025 | 25455 | 25067 | 24080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236595660, 15.590%, 7/05/2028 †x | Upgrade | 7/10/2023 | 25924 | 25777 | 25813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366325, 20.230%, 5/06/2030 †§x | Prosper | 5/08/2025 | 36289 | 35641 | 35221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236640633, 14.640%, 7/03/2028 †§x | Upgrade | 7/06/2023 | 21555 | 21434 | 21974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366427, 10.440%, 5/06/2030 †§x | Prosper | 5/08/2025 | 31740 | 31189 | 30974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366430, 15.500%, 5/06/2030 †§x | Prosper | 5/08/2025 | 35815 | 35183 | 33780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366433, 15.150%, 5/06/2030 †§x# | Prosper | 5/08/2025 | 31116 | 30565 | 29635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366436, 13.250%, 5/06/2030 †§x | Prosper | 5/08/2025 | 29351 | 28836 | 27755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366439, 14.000%, 5/06/2028 †§x | Prosper | 5/08/2025 | 27291 | 26874 | 26089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366442, 11.750%, 5/06/2030 †§x | Prosper | 5/08/2025 | 23904 | 23487 | 23778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236653321, 15.590%, 7/18/2028 †§x | Upgrade | 7/06/2023 | 20613 | 20494 | 20835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366589, 9.630%, 5/06/2030 †§x | Prosper | 5/08/2025 | 43969 | 43207 | 43488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2366592, 8.680%, 5/06/2030 †§x | Prosper | 5/08/2025 | 21916 | 21538 | 21517 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**25** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 236741503, 15.600%, 7/11/2028 †§x# | Upgrade | 7/06/2023 | $23421 | $23286 | $23898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236754791, 15.600%, 7/03/2028 †§x | Upgrade | 7/06/2023 | 26130 | 25982 | 26637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236814398, 15.600%, 7/21/2028 †x# | Upgrade | 8/07/2023 | 25478 | 25337 | 24877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2368150, 16.850%, 8/20/2029 †x◇ | Best Egg | 7/15/2024 | 30773 | 30306 | 30203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 236927936, 15.590%, 7/05/2028 †§x | Upgrade | 7/10/2023 | 23224 | 23092 | 23411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2369612, 5.000%, 8/11/2029 †x◇ | Best Egg | 7/15/2024 | 33449 | 32948 | 28820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2370313, 17.330%, 7/11/2029 †x◇ | Best Egg | 7/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2370478, 17.580%, 7/11/2029 †x◇ | Best Egg | 7/15/2024 | 20665 | 20353 | 20580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371045, 18.970%, 5/06/2030 †§x | Prosper | 5/08/2025 | 31646 | 31082 | 30108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371048, 18.360%, 5/06/2028 †§x | Prosper | 5/08/2025 | 23993 | 23621 | 23734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371051, 17.950%, 5/06/2030 †§x | Prosper | 5/08/2025 | 21639 | 21255 | 20335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371141, 13.250%, 5/06/2030 †§x | Prosper | 5/08/2025 | 44471 | 43692 | 45212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371144, 9.940%, 5/06/2030 †x# | Prosper | 5/08/2025 | 45374 | 44587 | 36930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371145, 15.950%, 8/15/2029 †x◇ | Best Egg | 7/17/2024 | 38236 | 37657 | 38185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371147, 14.880%, 5/10/2030 †§x | Prosper | 5/08/2025 | 43881 | 43104 | 44866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371153, 9.500%, 5/06/2030 †§x | Prosper | 5/08/2025 | 36918 | 36279 | 35532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371156, 14.810%, 5/06/2028 †§x | Prosper | 5/08/2025 | 32415 | 31918 | 30843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371159, 11.680%, 5/06/2030 †§x | Prosper | 5/08/2025 | 33670 | 33082 | 33458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371162, 14.400%, 5/06/2028 †§x | Prosper | 5/08/2025 | 28424 | 27988 | 26776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371165, 13.850%, 5/06/2030 †§x | Prosper | 5/08/2025 | 29404 | 28888 | 28087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2371171, 13.130%, 5/06/2030 †§x | Prosper | 5/08/2025 | 20449 | 20091 | 20754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2375550, 16.580%, 7/15/2029 †x◇ | Best Egg | 7/18/2024 | 22485 | 22145 | 21661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2375789, 15.630%, 7/16/2029 †x◇ | Best Egg | 7/19/2024 | 34749 | 34224 | 34712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2376315, 7.580%, 7/16/2029 †x◇ | Best Egg | 7/19/2024 | 23869 | 23512 | 23860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2378634, 17.540%, 7/17/2029 †x◇ | Best Egg | 7/22/2024 | 30561 | 30095 | 28468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2378703, 15.630%, 7/17/2029 †x◇ | Best Egg | 7/22/2024 | 22885 | 22539 | 22052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2379143, 5.900%, 7/18/2030 †x# | Best Egg | 7/22/2024 | 27721 | 27277 | 26175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2381311, 10.210%, 7/21/2029 †x | Best Egg | 7/30/2024 | 26149 | 26343 | 26150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2381321, 12.230%, 7/21/2029 †x | Best Egg | 7/30/2024 | 24082 | 24201 | 24070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2381555, 6.230%, 7/21/2027 †x | Best Egg | 7/30/2024 | 24778 | 24900 | 24864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2381855, 14.200%, 7/21/2027 †x◇ | Best Egg | 7/24/2024 | 25734 | 25382 | 25897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382306, 10.210%, 7/21/2029 †x | Best Egg | 7/30/2024 | 22098 | 22261 | 22098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382310, 8.560%, 8/26/2029 †x | Best Egg | 7/30/2024 | 36462 | 36730 | 36529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382490, 8.560%, 7/21/2029 †x | Best Egg | 7/30/2024 | 21849 | 22009 | 21889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382635, 14.080%, 9/20/2029 †x | Best Egg | 7/30/2024 | 23389 | 23572 | 23389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382715, 17.550%, 7/21/2028 †x◇ | Best Egg | 7/24/2024 | 27401 | 26998 | 25902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2382866, 8.330%, 11/21/2027 †x# | Best Egg | 7/30/2024 | 26969 | 27121 | 27083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2383086, 11.510%, 7/21/2029 †x | Best Egg | 7/30/2024 | 37151 | 37429 | 37137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2383698, 13.870%, 8/21/2031 †x | Best Egg | 7/30/2024 | 29760 | 30017 | 29764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2383716, 15.630%, 9/21/2029 †x | Best Egg | 7/24/2024 | 22458 | 22117 | 21224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2383952, 18.530%, 7/21/2029 †x◇ | Best Egg | 7/24/2024 | 20865 | 20548 | 20270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2384023, 13.770%, 7/21/2029 †x◇ | Best Egg | 7/24/2024 | 36399 | 35850 | 35381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2384154, 14.840%, 9/22/2031 †x# | Best Egg | 7/30/2024 | 22381 | 22575 | 22489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2384382, 9.760%, 7/22/2029 †x | Best Egg | 7/30/2024 | 29374 | 29590 | 29376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2384492, 15.600%, 7/22/2029 †x◇ | Best Egg | 7/25/2024 | 22118 | 21784 | 21824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2384683, 16.780%, 8/22/2031 †x | Best Egg | 7/30/2024 | 21596 | 21785 | 21594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2384764, 19.200%, 8/22/2031 †x | Best Egg | 7/30/2024 | 34983 | 35294 | 34670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2385071, 8.850%, 8/22/2031 †x | Best Egg | 7/30/2024 | 28865 | 29105 | 28988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2385228, 9.760%, 7/22/2029 †x | Best Egg | 7/30/2024 | 29374 | 29590 | 29376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2386455, 7.920%, 8/23/2031 †x | Best Egg | 7/30/2024 | 20493 | 20662 | 20582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2386595, 23.920%, 10/23/2029 †x | Best Egg | 7/30/2024 | 26315 | 26578 | 26222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2386733, 7.260%, 7/23/2029 †x | Best Egg | 7/30/2024 | 22733 | 22897 | 22739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2386763, 6.820%, 7/23/2029 †x◇ | Best Egg | 7/26/2024 | 21906 | 21578 | 21764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387105, 8.330%, 7/23/2029 †x | Best Egg | 7/30/2024 | 25450 | 25636 | 25447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387300, 11.500%, 6/23/2030 †§x | Prosper | 6/25/2025 | 43994 | 43208 | 43766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387306, 9.680%, 6/23/2028 †§x | Prosper | 6/25/2025 | 24475 | 24086 | 24590 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**26** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387312, 10.750%, 6/23/2028 †§x | Prosper | 6/25/2025 | $21875 | $21527 | $22209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387585, 15.030%, 6/24/2030 †§x | Prosper | 6/26/2025 | 33535 | 32931 | 32734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387588, 9.580%, 6/24/2030 †§x | Prosper | 6/26/2025 | 24263 | 23832 | 23837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387768, 8.000%, 6/24/2030 †§x | Prosper | 6/26/2025 | 40000 | 39292 | 38520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387990, 16.030%, 6/24/2029 †§x | Prosper | 6/26/2025 | 32373 | 31811 | 31824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387996, 11.910%, 6/24/2029 †§x | Prosper | 6/26/2025 | 24710 | 24285 | 24303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2387999, 17.750%, 6/24/2030 †§x | Prosper | 6/26/2025 | 23098 | 22679 | 21158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388002, 16.830%, 6/24/2030 †§x | Prosper | 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388042, 10.550%, 6/23/2030 †§x | Prosper | 6/25/2025 | 44768 | 43970 | 43896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388045, 9.680%, 6/23/2030 †§x | Prosper | 6/25/2025 | 38253 | 37573 | 37011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388048, 10.350%, 6/23/2030 †§x | Prosper | 6/25/2025 | 28217 | 27712 | 27577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388048, 13.930%, 7/24/2029 †x◇ | Best Egg | 7/29/2024 | 23549 | 23193 | 23515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388233, 18.820%, 6/24/2030 †§x | Prosper | 6/26/2025 | 33854 | 33238 | 32131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388236, 19.220%, 6/28/2030 †§x# | Prosper | 6/26/2025 | 33377 | 32766 | 31228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388239, 12.660%, 6/24/2028 †§x | Prosper | 6/26/2025 | 21053 | 20716 | 21300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388306, 13.360%, 6/24/2030 †§x | Prosper | 6/26/2025 | 36998 | 36334 | 34933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388309, 12.380%, 6/24/2030 †§x | Prosper | 6/26/2025 | 36900 | 36239 | 34612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388312, 11.500%, 6/24/2030 †§x | Prosper | 6/26/2025 | 33177 | 32584 | 33731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388321, 11.930%, 6/24/2030 †§x | Prosper | 6/26/2025 | 21982 | 21588 | 22015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388324, 12.250%, 7/01/2030 †§x# | Prosper | 6/26/2025 | 20390 | 20024 | 20554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388558, 19.920%, 7/24/2027 †x◇ | Best Egg | 7/29/2024 | 21848 | 21547 | 20762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388731, 20.750%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 34008 | 33387 | 33509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388737, 13.840%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 23040 | 22626 | 22097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388740, 18.580%, 7/18/2030 †§x# | Prosper | 6/27/2025 | 23440 | 23011 | 23416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388773, 14.910%, 7/24/2029 †x# | Best Egg | 7/30/2024 | 37578 | 37865 | 37513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388801, 13.100%, 6/24/2028 †§x | Prosper | 6/26/2025 | 32432 | 31911 | 30772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388804, 15.500%, 6/24/2030 †§x | Prosper | 6/26/2025 | 31907 | 31331 | 30200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388807, 18.680%, 6/24/2030 †§x | Prosper | 6/26/2025 | 27440 | 26941 | 26105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2388810, 15.550%, 6/24/2030 †§x | Prosper | 6/26/2025 | 20942 | 20564 | 20601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389050, 18.040%, 6/28/2030 †§x# | Prosper | 6/26/2025 | 34277 | 33653 | 31495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389053, 18.600%, 6/24/2030 †§x | Prosper | 6/26/2025 | 33836 | 33221 | 32294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389056, 18.550%, 5/24/2031 †x# | Prosper | 6/26/2025 | 35705 | 35006 | 30880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389059, 17.750%, 6/24/2030 †§x | Prosper | 6/26/2025 | 27378 | 26881 | 25804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389062, 23.080%, 6/24/2030 †§x | Prosper | 6/26/2025 | 27739 | 27229 | 27459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389065, 19.350%, 6/24/2028 †§x | Prosper | 6/26/2025 | 24765 | 24360 | 24824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389151, 13.740%, 8/24/2031 †x | Best Egg | 7/30/2024 | 25488 | 25707 | 25493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389665, 13.460%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 33721 | 33115 | 31892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389668, 13.790%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 31620 | 31051 | 29853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389671, 13.010%, 6/25/2028 †§x# | Prosper | 6/27/2025 | 24938 | 24538 | 23678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389674, 13.650%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 26792 | 26310 | 25621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389677, 23.190%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 25387 | 24921 | 25856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389680, 17.750%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 24066 | 23629 | 22689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389683, 16.500%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 22992 | 22575 | 22090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389695, 14.200%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 20848 | 20472 | 20082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389698, 23.610%, 9/25/2028 †x# | Prosper | 6/27/2025 | 20133 | 19788 | 20710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2389784, 16.260%, 6/27/2028 †§x# | Prosper | 7/01/2025 | 21049 | 20707 | 20657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390119, 8.360%, 8/25/2031 †x | Best Egg | 7/30/2024 | 41105 | 41445 | 41283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390161, 15.150%, 7/25/2029 †x◇ | Best Egg | 7/29/2024 | 23406 | 23052 | 23113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390195, 13.990%, 9/12/2031 †x | Best Egg | 7/30/2024 | 22559 | 22755 | 22568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390361, 5.900%, 1/26/2030 †x | Best Egg | 7/29/2024 | 22739 | 22381 | 20581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390370, 15.570%, 7/25/2029 †x | Best Egg | 7/30/2024 | 22877 | 23053 | 22872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390499, 9.810%, 10/25/2027 †x | Best Egg | 7/30/2024 | 21451 | 21568 | 21467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390504, 9.530%, 10/25/2029 †x | Best Egg | 7/30/2024 | 21215 | 21373 | 21268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390548, 20.540%, 9/25/2029 †x# | Best Egg | 7/30/2024 | 41184 | 41518 | 41031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390598, 13.720%, 6/26/2030 †§x# | Prosper | 6/30/2025 | 21977 | 21582 | 20465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390598, 20.230%, 7/25/2029 †x | Best Egg | 7/30/2024 | 23517 | 23704 | 23455 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**27** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390617, 16.110%, 9/09/2031 †x | Best Egg | 7/30/2024 | $43851 | $44237 | $43671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390630, 22.910%, 6/30/2030 †§x# | Prosper | 7/02/2025 | 20552 | 20173 | 20596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390632, 9.310%, 7/25/2029 †x◇ | Best Egg | 7/29/2024 | 23362 | 23011 | 23395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390636, 10.690%, 7/10/2030 †§x# | Prosper | 7/02/2025 | 24825 | 24379 | 24448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390773, 8.360%, 7/25/2031 †x | Best Egg | 7/30/2024 | 24116 | 24316 | 24215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390805, 23.190%, 3/31/2031 †x# | Prosper | 7/01/2025 | 36002 | 35295 | 29784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390820, 9.560%, 7/25/2029 †x | Best Egg | 7/30/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390868, 8.560%, 7/25/2029 †x | Best Egg | 7/30/2024 | 36415 | 36682 | 36484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390870, 26.900%, 7/25/2031 †x | Best Egg | 7/30/2024 | 45216 | 45633 | 44773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2390874, 16.780%, 7/25/2031 †x# | Best Egg | 7/30/2024 | 29117 | 29371 | 28991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2391245, 11.000%, 8/01/2029 †x# | Best Egg | 7/31/2024 | 36670 | 36945 | 36660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2391248, 6.370%, 9/01/2027 †x | Best Egg | 7/31/2024 | 26227 | 26362 | 26297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2392073, 9.810%, 8/01/2027 †x | Best Egg | 7/31/2024 | 22287 | 22405 | 22253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2392303, 7.980%, 9/01/2027 †x | Best Egg | 7/31/2024 | 26537 | 26675 | 26573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2392363, 11.020%, 9/01/2029 †x | Best Egg | 7/31/2024 | 37832 | 38117 | 37718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2392579, 12.210%, 9/01/2029 †x# | Best Egg | 7/31/2024 | 26660 | 26862 | 26621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393162, 7.700%, 9/01/2029 †x | Best Egg | 7/31/2024 | 24054 | 24230 | 24027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393176, 12.580%, 6/23/2030 †§x | Prosper | 6/25/2025 | 38721 | 38028 | 38178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393179, 17.550%, 6/23/2030 †§x | Prosper | 6/25/2025 | 27364 | 26868 | 24985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393398, 13.250%, 6/24/2030 †§x# | Prosper | 6/26/2025 | 37026 | 36359 | 35135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393401, 19.250%, 6/24/2030 †§x | Prosper | 6/26/2025 | 35721 | 35070 | 37106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393404, 9.680%, 6/30/2030 †§x# | Prosper | 6/26/2025 | 24532 | 24095 | 23749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393407, 14.780%, 6/30/2030 †§x# | Prosper | 6/26/2025 | 22657 | 22246 | 22033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393410, 14.250%, 6/30/2030 †§x# | Prosper | 6/26/2025 | 22230 | 21828 | 21453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2393540, 12.960%, 9/01/2029 †x | Best Egg | 7/31/2024 | 22215 | 22385 | 22074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394082, 15.250%, 6/24/2030 †§x | Prosper | 6/26/2025 | 29587 | 29053 | 31153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394085, 18.750%, 6/30/2028 †§x# | Prosper | 6/26/2025 | 23357 | 22975 | 22732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394640, 15.750%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 37289 | 36612 | 36798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394643, 20.350%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 33977 | 33356 | 32343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394649, 18.450%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 31995 | 31414 | 30479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394652, 13.190%, 6/25/2028 †§x# | Prosper | 6/27/2025 | 28386 | 27929 | 26959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394655, 16.500%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 27748 | 27246 | 26660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394658, 13.000%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 26144 | 25675 | 24720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394661, 13.450%, 6/25/2028 †§x# | Prosper | 6/27/2025 | 22296 | 21937 | 21257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394664, 18.280%, 6/25/2030 †§x# | Prosper | 6/27/2025 | 23758 | 23320 | 23657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2394667, 20.630%, 6/25/2029 †§x# | Prosper | 6/27/2025 | 21303 | 20926 | 20785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2396071, 13.690%, 8/01/2029 †x#◇ | Best Egg | 8/02/2024 | 34048 | 33531 | 32860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2396093, 15.140%, 9/01/2029 †x◇ | Best Egg | 8/02/2024 | 37121 | 36558 | 37031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2396163, 23.840%, 10/01/2029 †x | Best Egg | 8/02/2024 | 22324 | 21975 | 20539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2396590, 8.100%, 6/30/2030 †§x# | Prosper | 7/02/2025 | 35341 | 34713 | 34071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2398313, 17.000%, 9/01/2027 †x◇ | Best Egg | 8/05/2024 | 28173 | 27747 | 27177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2398439, 13.510%, 9/01/2031 †x | Best Egg | 8/05/2024 | 21437 | 21622 | 21414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2398720, 13.480%, 9/01/2031 †x | Best Egg | 8/05/2024 | 31437 | 31707 | 31402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2398976, 11.150%, 9/01/2031 †x | Best Egg | 8/05/2024 | 42311 | 42669 | 42449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2399043, 13.940%, 9/16/2029 †x | Best Egg | 8/05/2024 | 38770 | 39072 | 38540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2399303, 13.970%, 9/01/2027 †x◇ | Best Egg | 8/05/2024 | 27615 | 27199 | 27805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2399408, 11.590%, 9/26/2027 †x◇ | Best Egg | 8/05/2024 | 21369 | 21035 | 21407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2399746, 11.950%, 8/01/2029 †x◇ | Best Egg | 8/05/2024 | 28258 | 27795 | 28112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400138, 15.430%, 8/01/2028 †x◇ | Best Egg | 8/05/2024 | 34725 | 34171 | 34941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400187, 11.840%, 8/01/2028 †x◇ | Best Egg | 8/05/2024 | 25595 | 25188 | 26009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400194, 15.200%, 7/21/2030 †§x | Prosper | 7/23/2025 | 26657 | 26171 | 25935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400391, 15.060%, 8/01/2031 †x | Best Egg | 8/05/2024 | 43204 | 43579 | 43150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400458, 11.250%, 7/22/2028 †§x | Prosper | 7/24/2025 | 34093 | 33533 | 31788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400461, 14.750%, 7/22/2030 †§x | Prosper | 7/24/2025 | 27585 | 27080 | 25816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400464, 10.210%, 7/22/2028 †§x | Prosper | 7/24/2025 | 21145 | 20798 | 21306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400467, 18.680%, 7/22/2030 †§x | Prosper | 7/24/2025 | 22231 | 21822 | 20641 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**28** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400494, 22.130%, 6/01/2029 †x◇ | Best Egg | 8/05/2024 | $37468 | $36841 | $34780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400495, 10.740%, 8/01/2029 †x | Best Egg | 8/05/2024 | 26386 | 26584 | 26351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400517, 8.530%, 8/01/2031 †x | Best Egg | 8/05/2024 | 41640 | 41985 | 41776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400752, 10.060%, 7/26/2028 †§x# | Prosper | 7/24/2025 | 41890 | 41201 | 42262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400755, 10.420%, 7/31/2030 †§x# | Prosper | 7/24/2025 | 28138 | 27628 | 27583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400873, 14.750%, 7/21/2030 †§x | Prosper | 7/23/2025 | 27548 | 27046 | 25779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400876, 17.030%, 7/21/2030 †§x | Prosper | 7/23/2025 | 23075 | 22652 | 22814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400879, 14.280%, 7/21/2030 †§x | Prosper | 7/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401143, 19.580%, 7/22/2030 †§x | Prosper | 7/24/2025 | 30591 | 30027 | 29563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401146, 12.750%, 7/22/2028 †§x | Prosper | 7/24/2025 | 25686 | 25262 | 24302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401149, 13.280%, 7/22/2030 †§x | Prosper | 7/24/2025 | 24709 | 24259 | 22617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401152, 18.960%, 7/22/2030 †§x | Prosper | 7/24/2025 | 24097 | 23654 | 24012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401155, 19.450%, 7/22/2030 †§x | Prosper | 7/24/2025 | 22267 | 21857 | 20912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401410, 9.460%, 7/22/2028 †§x | Prosper | 7/24/2025 | 23254 | 22873 | 23184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401742, 16.160%, 8/04/2031 †x | Best Egg | 8/07/2024 | 29544 | 29802 | 29355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401887, 14.100%, 9/15/2031 †x | Best Egg | 8/07/2024 | 21624 | 21811 | 21492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401913, 13.200%, 10/04/2029 †x# | Best Egg | 8/07/2024 | 24204 | 23805 | 24285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2401935, 10.540%, 11/04/2029 †x# | Best Egg | 8/07/2024 | 20283 | 20435 | 20234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2402064, 13.870%, 8/04/2031 †x | Best Egg | 8/07/2024 | 25761 | 25983 | 25603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2402137, 13.210%, 8/04/2029 †x◇ | Best Egg | 8/07/2024 | 21051 | 20706 | 20299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2403323, 14.450%, 9/04/2031 †x | Best Egg | 8/07/2024 | 21716 | 21925 | 21693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2403821, 18.050%, 9/26/2029 †x◇ | Best Egg | 8/07/2024 | 23785 | 23392 | 22951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2404111, 14.570%, 8/05/2027 †x◇ | Best Egg | 8/08/2024 | 22161 | 21829 | 21556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2404688, 17.060%, 9/15/2029 †x#◇ | Best Egg | 8/08/2024 | 21157 | 20805 | 20428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2405019, 18.300%, 8/05/2029 †x◇ | Best Egg | 8/08/2024 | 39340 | 38692 | 37479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2405117, 16.610%, 8/05/2029 †x◇ | Best Egg | 8/08/2024 | 23428 | 23043 | 23475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2405267, 9.560%, 8/05/2029 †x | Best Egg | 8/08/2024 | 37412 | 37690 | 37335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2405637, 22.200%, 8/05/2028 †x◇ | Best Egg | 8/08/2024 | 24092 | 23705 | 22982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406178, 18.050%, 7/21/2030 †§x | Prosper | 7/23/2025 | 34226 | 33598 | 34433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406181, 13.890%, 7/21/2030 †§x | Prosper | 7/23/2025 | 27494 | 26993 | 26165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406184, 14.830%, 7/21/2030 †§x | Prosper | 7/23/2025 | 26635 | 26149 | 25926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406249, 14.420%, 8/06/2029 †x | Best Egg | 8/09/2024 | 30071 | 30303 | 29999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406475, 10.500%, 7/22/2030 †§x | Prosper | 7/24/2025 | 25687 | 25222 | 25184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406478, 22.780%, 7/22/2030 †§x | Prosper | 7/24/2025 | 23351 | 22918 | 23232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406613, 17.340%, 12/06/2029 †x | Best Egg | 8/09/2024 | 45106 | 44349 | 43003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406656, 19.500%, 12/06/2029 †x# | Best Egg | 8/09/2024 | 25325 | 25523 | 25155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406718, 16.700%, 7/22/2030 †§x | Prosper | 7/24/2025 | 34126 | 33500 | 30762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2406919, 12.130%, 8/06/2028 †x◇ | Best Egg | 8/09/2024 | 23806 | 23428 | 24116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2407180, 9.050%, 8/06/2029 †x | Best Egg | 8/09/2024 | 22073 | 22238 | 22083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2407418, 14.420%, 8/06/2029 †x | Best Egg | 8/09/2024 | 30843 | 31080 | 30845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2407447, 8.630%, 7/23/2030 †§x | Prosper | 7/25/2025 | 29499 | 28967 | 28740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2407517, 10.210%, 8/06/2029 †x | Best Egg | 8/09/2024 | 24649 | 24833 | 24621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2407900, 10.300%, 8/07/2028 †x◇ | Best Egg | 8/12/2024 | 22448 | 22089 | 22403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2408312, 26.460%, 8/07/2031 †x | Best Egg | 8/12/2024 | 31794 | 32087 | 31387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2408601, 9.790%, 8/07/2029 †x | Best Egg | 8/12/2024 | 37436 | 37714 | 37368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409010, 15.150%, 8/07/2029 †x◇ | Best Egg | 8/12/2024 | 38719 | 38083 | 38643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409050, 5.940%, 8/07/2027 †x | Best Egg | 8/12/2024 | 24020 | 24142 | 24094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409064, 8.780%, 8/07/2028 †x◇ | Best Egg | 8/12/2024 | 33266 | 32738 | 33874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409138, 19.950%, 10/07/2029 †x | Best Egg | 8/12/2024 | 37131 | 36516 | 34127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409175, 15.540%, 8/07/2028 †x◇ | Best Egg | 8/12/2024 | 21197 | 20859 | 21380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409310, 7.650%, 9/23/2029 †x | Best Egg | 8/12/2024 | 37126 | 37400 | 37104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409451, 9.010%, 8/07/2029 †x◇ | Best Egg | 8/12/2024 | 37279 | 36671 | 37091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409488, 13.210%, 9/22/2029 †x◇ | Best Egg | 8/12/2024 | 38391 | 37757 | 37902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409625, 7.280%, 8/08/2027 †x◇ | Best Egg | 8/12/2024 | 21087 | 20774 | 21124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409686, 11.280%, 8/08/2027 †x | Best Egg | 8/12/2024 | 27098 | 27240 | 27156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409959, 16.110%, 8/08/2029 †x◇ | Best Egg | 8/12/2024 | 28034 | 27573 | 27512 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**29** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2409973, 14.180%, 8/08/2029 †x◇ | Best Egg | 8/12/2024 | $38503 | $37867 | $37155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2410401, 20.910%, 9/13/2029 †x◇ | Best Egg | 8/12/2024 | 24101 | 23703 | 22568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2410415, 20.940%, 10/08/2029 †x | Best Egg | 8/12/2024 | 32632 | 32090 | 30379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2410942, 17.580%, 8/08/2029 †x◇ | Best Egg | 8/12/2024 | 33410 | 32860 | 33478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2411543, 18.050%, 8/11/2029 †x◇ | Best Egg | 8/14/2024 | 31491 | 30972 | 29141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2411605, 3.420%, 8/11/2027 †x | Best Egg | 8/14/2024 | 25640 | 25767 | 25723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2411669, 7.800%, 8/11/2029 †x# | Best Egg | 8/14/2024 | 35871 | 36136 | 35847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2411736, 13.480%, 9/15/2027 †x◇ | Best Egg | 8/14/2024 | 20436 | 20127 | 20580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2411919, 12.210%, 12/11/2029 †x◇ | Best Egg | 8/14/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412056, 5.590%, 8/11/2027 †x◇ | Best Egg | 8/14/2024 | 26044 | 25658 | 26099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412223, 14.200%, 8/11/2027 †x◇ | Best Egg | 8/14/2024 | 25276 | 24897 | 24958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412324, 10.280%, 9/20/2029 †x◇ | Best Egg | 8/14/2024 | 30757 | 30253 | 30639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412403, 7.490%, 8/11/2027 †x#◇ | Best Egg | 8/14/2024 | 21100 | 20786 | 21296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412434, 11.970%, 8/11/2029 †x◇ | Best Egg | 8/14/2024 | 22791 | 22418 | 22720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412452, 20.940%, 12/11/2029 †x# | Best Egg | 8/14/2024 | 26695 | 26250 | 25294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412470, 15.630%, 8/11/2029 †x◇ | Best Egg | 8/14/2024 | 38827 | 38189 | 36269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412492, 8.820%, 8/11/2029 †x | Best Egg | 8/14/2024 | 22340 | 22505 | 22307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412534, 13.690%, 8/11/2029 †x◇ | Best Egg | 8/14/2024 | 38386 | 37756 | 37747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412585, 12.210%, 8/11/2029 †x | Best Egg | 8/14/2024 | 32981 | 33231 | 32948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412640, 19.440%, 8/11/2027 †x◇ | Best Egg | 8/14/2024 | 26869 | 26465 | 25611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412704, 8.070%, 8/11/2029 †x | Best Egg | 8/14/2024 | 33345 | 33591 | 33375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2412847, 14.010%, 8/11/2029 †x◇ | Best Egg | 8/14/2024 | 22306 | 21940 | 22223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2413748, 14.420%, 8/18/2029 †x | Best Egg | 8/14/2024 | 37406 | 37693 | 37326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2413895, 15.150%, 8/11/2029 †x◇ | Best Egg | 8/14/2024 | 37891 | 37269 | 37736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2413986, 9.790%, 8/11/2029 †x | Best Egg | 8/14/2024 | 36986 | 37229 | 36926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2413991, 26.460%, 10/11/2031 †x# | Best Egg | 8/14/2024 | 27761 | 28010 | 27402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2414699, 19.030%, 9/12/2029 †x#◇ | Best Egg | 8/15/2024 | 23435 | 23044 | 21710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 241473658, 15.600%, 8/03/2028 †x# | Upgrade | 8/07/2023 | 26511 | 26355 | 20268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 241486521, 24.200%, 8/09/2028 †§x# | Upgrade | 8/14/2023 | 22748 | 22611 | 23142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2414902, 16.120%, 9/17/2029 †x◇ | Best Egg | 8/15/2024 | 39042 | 38395 | 37222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2414920, 6.820%, 8/12/2029 †x◇ | Best Egg | 8/15/2024 | 22045 | 21686 | 22068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2414939, 12.240%, 8/20/2030 †§x | Prosper | 8/22/2025 | 26843 | 26342 | 25039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2414942, 18.250%, 8/20/2028 †§x | Prosper | 8/22/2025 | 24360 | 23932 | 24176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415131, 13.500%, 8/20/2030 †§x | Prosper | 8/22/2025 | 35263 | 34603 | 32394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415134, 9.650%, 8/20/2030 †§x | Prosper | 8/22/2025 | 23012 | 22587 | 22284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415251, 6.290%, 8/12/2027 †x◇ | Best Egg | 8/15/2024 | 20400 | 20098 | 20464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415321, 12.600%, 8/20/2028 †§x | Prosper | 8/22/2025 | 35255 | 34654 | 33242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415322, 14.410%, 8/12/2029 †x | Best Egg | 8/15/2024 | 38485 | 38784 | 38503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415324, 17.400%, 8/20/2030 †§x | Prosper | 8/22/2025 | 28049 | 27517 | 25569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415412, 14.660%, 6/12/2029 †x◇ | Best Egg | 8/15/2024 | 22921 | 22545 | 22869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415435, 9.080%, 8/12/2029 †x | Best Egg | 8/15/2024 | 22378 | 22544 | 22346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415510, 9.900%, 8/20/2030 †§x | Prosper | 8/22/2025 | 46054 | 45202 | 44772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415513, 18.050%, 8/20/2030 †§x | Prosper | 8/22/2025 | 30856 | 30271 | 29245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415516, 17.140%, 8/20/2030 †§x# | Prosper | 8/22/2025 | 27891 | 27373 | 26021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415641, 14.450%, 8/21/2030 †§x | Prosper | 8/25/2025 | 38120 | 37415 | 35805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415644, 14.150%, 8/21/2030 †§x | Prosper | 8/25/2025 | 36238 | 35556 | 34900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415647, 12.200%, 8/21/2030 †§x | Prosper | 8/25/2025 | 23138 | 22706 | 21656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415746, 15.470%, 9/15/2027 †x◇ | Best Egg | 8/15/2024 | 25145 | 24763 | 24805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415768, 7.800%, 8/12/2029 †x | Best Egg | 8/15/2024 | 33285 | 33530 | 33318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415906, 12.600%, 9/15/2030 †§x | Prosper | 8/25/2025 | 33346 | 32722 | 31404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415909, 10.640%, 8/21/2028 †§x | Prosper | 8/25/2025 | 29925 | 29411 | 30412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415912, 13.410%, 8/21/2029 †§x | Prosper | 8/25/2025 | 29756 | 29213 | 29367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2415915, 10.250%, 8/21/2028 †§x | Prosper | 8/25/2025 | 26055 | 25608 | 26371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416053, 10.650%, 8/31/2029 †§x# | Prosper | 8/25/2025 | 40883 | 40153 | 40736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416056, 12.700%, 8/21/2028 †§x | Prosper | 8/25/2025 | 34789 | 34188 | 32791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416065, 17.250%, 8/22/2028 †§x | Prosper | 8/26/2025 | 22557 | 22159 | 22249 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**30** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416071, 18.750%, 8/22/2030 †§x | Prosper | 8/26/2025 | $23432 | $22984 | $22933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416088, 14.280%, 8/22/2030 †§x | Prosper | 8/26/2025 | 25094 | 24621 | 24758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416094, 14.610%, 8/22/2028 †§x | Prosper | 8/26/2025 | 22428 | 22037 | 22123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416199, 13.770%, 8/22/2028 †§x | Prosper | 8/26/2025 | 35303 | 34688 | 34826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416202, 19.550%, 8/22/2030 †§x | Prosper | 8/26/2025 | 30056 | 29493 | 29412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416256, 13.410%, 8/22/2030 †§x | Prosper | 8/26/2025 | 24201 | 23746 | 24102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416356, 13.500%, 8/22/2030 †§x | Prosper | 8/26/2025 | 22735 | 22308 | 22433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416527, 13.200%, 8/22/2030 †§x | Prosper | 8/26/2025 | 38024 | 37309 | 37520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416533, 20.980%, 8/22/2029 †§x | Prosper | 8/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416644, 20.460%, 9/16/2029 †x◇ | Best Egg | 8/16/2024 | 31993 | 31461 | 30911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416734, 15.540%, 8/13/2028 †x◇ | Best Egg | 8/16/2024 | 34749 | 34194 | 35074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2416739, 10.520%, 9/13/2027 †x | Best Egg | 8/16/2024 | 20037 | 19735 | 20092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 241675359, 14.640%, 10/07/2028 †x# | Upgrade | 8/10/2023 | 29622 | 29458 | 29605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417173, 11.510%, 8/13/2027 †x◇ | Best Egg | 8/16/2024 | 23968 | 23610 | 23998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417248, 31.940%, 4/13/2029 †x◇ | Best Egg | 8/16/2024 | 29026 | 28543 | 27771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417352, 17.580%, 9/13/2029 †x | Best Egg | 8/16/2024 | 27781 | 27316 | 27738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417512, 14.590%, 8/13/2027 †x | Best Egg | 8/16/2024 | 25777 | 25918 | 25836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417514, 21.080%, 9/13/2027 †x | Best Egg | 8/16/2024 | 24297 | 23927 | 22844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417625, 7.710%, 8/13/2031 †x | Best Egg | 8/16/2024 | 20714 | 20886 | 20795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417629, 13.690%, 8/13/2029 †x◇ | Best Egg | 8/16/2024 | 30709 | 30205 | 29659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417633, 14.750%, 8/26/2030 †§x# | Prosper | 8/28/2025 | 25880 | 25386 | 24492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417737, 17.940%, 8/13/2031 †x# | Best Egg | 8/16/2024 | 21581 | 21781 | 21449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417758, 9.760%, 10/13/2029 †x | Best Egg | 8/16/2024 | 30461 | 30690 | 30458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2417822, 9.050%, 8/13/2029 †x | Best Egg | 8/16/2024 | 25668 | 25859 | 25690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2418495, 15.630%, 8/14/2029 †x◇ | Best Egg | 8/19/2024 | 28240 | 27776 | 27084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2418926, 19.390%, 8/14/2031 †x | Best Egg | 8/19/2024 | 24268 | 24484 | 24127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419148, 13.690%, 8/14/2029 †x◇ | Best Egg | 8/19/2024 | 23031 | 22653 | 22248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419221, 6.230%, 8/14/2027 †x# | Best Egg | 8/19/2024 | 25717 | 25849 | 25801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419259, 16.100%, 8/14/2029 †x◇ | Best Egg | 8/19/2024 | 38933 | 38293 | 37126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419267, 8.470%, 9/24/2027 †x | Best Egg | 8/19/2024 | 21350 | 21465 | 21347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419322, 8.360%, 8/14/2031 †x | Best Egg | 8/19/2024 | 41373 | 41717 | 41529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419863, 14.420%, 8/14/2029 †x | Best Egg | 8/19/2024 | 25060 | 25253 | 25020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419871, 16.580%, 9/17/2029 †x◇ | Best Egg | 8/19/2024 | 29189 | 28708 | 29070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2419874, 10.280%, 8/14/2029 †x | Best Egg | 8/19/2024 | 23303 | 23478 | 23274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 241999451, 14.640%, 8/03/2028 †§x | Upgrade | 8/07/2023 | 22453 | 22323 | 22868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 242007879, 14.640%, 8/03/2028 †§x | Upgrade | 8/07/2023 | 22453 | 22323 | 22868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420193, 13.200%, 8/15/2029 †x#◇ | Best Egg | 8/19/2024 | 22908 | 22529 | 22892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 242023146, 24.200%, 8/03/2028 †x# | Upgrade | 8/07/2023 | 34795 | 34572 | 30815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420232, 11.000%, 8/15/2029 †x | Best Egg | 8/19/2024 | 37757 | 38042 | 37793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420331, 10.790%, 8/15/2027 †x◇ | Best Egg | 8/19/2024 | 27007 | 26604 | 27154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420364, 16.110%, 8/15/2029 †x◇ | Best Egg | 8/19/2024 | 22582 | 22211 | 22211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420432, 6.370%, 9/26/2027 †x | Best Egg | 8/19/2024 | 26294 | 26434 | 26381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420788, 14.170%, 8/15/2029 †x◇ | Best Egg | 8/19/2024 | 35872 | 35269 | 35828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420839, 10.560%, 8/20/2029 †§x | Prosper | 8/22/2025 | 43879 | 43088 | 43684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420842, 14.430%, 8/20/2030 †§x | Prosper | 8/22/2025 | 30645 | 30070 | 29165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420845, 14.080%, 8/20/2029 †§x | Prosper | 8/22/2025 | 28023 | 27512 | 27649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420882, 5.940%, 8/15/2027 †x | Best Egg | 8/19/2024 | 26109 | 26243 | 26196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2420965, 8.560%, 8/15/2029 †x◇ | Best Egg | 8/19/2024 | 35919 | 35333 | 35767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421046, 10.450%, 8/21/2028 †§x | Prosper | 8/25/2025 | 41877 | 41158 | 42474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421310, 20.050%, 8/21/2030 †§x | Prosper | 8/25/2025 | 34759 | 34094 | 32980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421313, 20.110%, 8/21/2030 †§x | Prosper | 8/25/2025 | 38521 | 37783 | 37582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421316, 14.580%, 8/21/2030 †§x | Prosper | 8/25/2025 | 28846 | 28311 | 28049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421319, 13.280%, 8/21/2030 †§x | Prosper | 8/25/2025 | 32277 | 31679 | 29494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421322, 11.750%, 8/21/2030 †§x | Prosper | 8/25/2025 | 28665 | 28130 | 28691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421325, 12.200%, 8/21/2030 †§x | Prosper | 8/25/2025 | 23390 | 22953 | 21891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421328, 13.300%, 8/21/2030 †§x | Prosper | 8/25/2025 | 22879 | 22457 | 21722 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**31** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 242137321, 12.600%, 8/03/2028 †§x | Upgrade | 8/07/2023 | $20246 | $20132 | $20329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421547, 7.920%, 8/15/2027 †x◇ | Best Egg | 8/19/2024 | 23829 | 23474 | 23902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421553, 14.900%, 8/21/2030 †§x | Prosper | 8/25/2025 | 34832 | 34180 | 33942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421559, 14.750%, 8/22/2030 †§x | Prosper | 8/26/2025 | 23257 | 22817 | 22944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421769, 0.000%, 10/15/2029 †x | Best Egg | 8/19/2024 | 33736 | 33998 | 24277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421847, 7.380%, 8/15/2031 †x | Best Egg | 8/19/2024 | 28939 | 29179 | 29051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421850, 13.500%, 8/22/2030 †§x | Prosper | 8/26/2025 | 38047 | 37331 | 37541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2421915, 13.480%, 10/18/2027 †x | Best Egg | 8/21/2024 | 21618 | 21287 | 21788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2422082, 9.760%, 8/18/2029 †x | Best Egg | 8/21/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2422554, 23.840%, 9/18/2029 †x | Best Egg | 8/21/2024 | 25318 | 24898 | 23883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2422587, 15.620%, 8/18/2029 †x◇ | Best Egg | 8/21/2024 | 21098 | 20751 | 20719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2422836, 14.900%, 8/18/2029 †x◇ | Best Egg | 8/21/2024 | 27012 | 26568 | 26927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423093, 10.020%, 8/18/2029 †x | Best Egg | 8/21/2024 | 28460 | 28460 | 28489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423097, 14.890%, 8/18/2029 †x◇ | Best Egg | 8/21/2024 | 31739 | 31218 | 31368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423241, 8.230%, 8/18/2028 †x◇ | Best Egg | 8/21/2024 | 21152 | 20817 | 21562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423330, 6.370%, 8/18/2027 †x | Best Egg | 8/21/2024 | 20221 | 20310 | 20278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423389, 16.610%, 8/18/2029 †x◇ | Best Egg | 8/21/2024 | 23884 | 23490 | 23967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423401, 14.590%, 8/18/2027 †x | Best Egg | 8/21/2024 | 27705 | 27857 | 27776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423715, 12.140%, 8/18/2027 †x#◇ | Best Egg | 8/21/2024 | 20265 | 19961 | 20219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423837, 14.910%, 8/18/2029 †x | Best Egg | 8/21/2024 | 37875 | 38171 | 37749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2423872, 6.230%, 8/18/2027 †x | Best Egg | 8/21/2024 | 23547 | 23668 | 23628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2424137, 13.450%, 8/18/2029 †x | Best Egg | 8/21/2024 | 24915 | 25106 | 24836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2424441, 14.570%, 12/18/2027 †x# | Best Egg | 8/21/2024 | 19840 | 19532 | 20019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2424557, 10.540%, 8/18/2029 †x | Best Egg | 8/21/2024 | 24437 | 24621 | 24412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2424589, 16.120%, 8/18/2029 †x◇ | Best Egg | 8/21/2024 | 37780 | 37159 | 36108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2424630, 18.050%, 9/18/2029 †x# | Best Egg | 8/21/2024 | 40021 | 39361 | 39271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 242466272, 15.600%, 8/25/2028 †§x | Upgrade | 8/14/2023 | 25344 | 25192 | 25948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2424818, 19.010%, 8/18/2029 †x◇ | Best Egg | 8/21/2024 | 26909 | 26465 | 26418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2425185, 6.340%, 8/19/2027 †x◇ | Best Egg | 8/22/2024 | 26184 | 25794 | 26275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2425311, 16.120%, 8/19/2029 †x◇ | Best Egg | 8/22/2024 | 35754 | 35136 | 35632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2425432, 13.520%, 8/19/2029 †x◇ | Best Egg | 8/22/2024 | 38347 | 37717 | 37668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2425632, 11.810%, 8/19/2031 †x | Best Egg | 8/22/2024 | 42452 | 42814 | 42614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2425884, 9.290%, 8/19/2028 †x◇ | Best Egg | 8/22/2024 | 20028 | 19710 | 20269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426041, 12.960%, 8/19/2029 †x◇ | Best Egg | 8/22/2024 | 38217 | 37590 | 37621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426084, 10.210%, 8/19/2029 †x◇ | Best Egg | 8/22/2024 | 25368 | 24953 | 25503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426376, 22.390%, 10/19/2029 †x | Best Egg | 8/22/2024 | 43501 | 42775 | 40922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426516, 15.390%, 9/23/2029 †x | Best Egg | 8/22/2024 | 23713 | 23897 | 23623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426572, 26.460%, 8/19/2031 †x | Best Egg | 8/22/2024 | 22719 | 22921 | 22461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426709, 12.870%, 8/19/2027 †x◇ | Best Egg | 8/22/2024 | 27390 | 26979 | 27632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426798, 17.560%, 8/19/2029 †x◇ | Best Egg | 8/22/2024 | 30620 | 30116 | 30127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426829, 15.590%, 8/19/2028 †x◇ | Best Egg | 8/22/2024 | 31284 | 30784 | 31598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426880, 7.490%, 8/19/2027 †x◇ | Best Egg | 8/22/2024 | 26397 | 26004 | 26659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426903, 8.170%, 9/17/2030 †§x | Prosper | 9/19/2025 | 46576 | 45715 | 44698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426906, 13.500%, 9/17/2030 †§x | Prosper | 9/19/2025 | 47009 | 46133 | 48435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426909, 14.750%, 9/17/2030 †§x | Prosper | 9/19/2025 | 38626 | 37905 | 36211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426912, 19.610%, 9/17/2030 †§x# | Prosper | 9/19/2025 | 30375 | 29794 | 28684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426915, 13.530%, 9/17/2030 †§x | Prosper | 9/19/2025 | 27267 | 26758 | 26081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426918, 14.750%, 9/17/2030 †§x | Prosper | 9/19/2025 | 22564 | 22142 | 21112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426927, 14.450%, 9/17/2030 †§x | Prosper | 9/19/2025 | 21658 | 21253 | 20836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2426933, 16.780%, 9/17/2030 †§x | Prosper | 9/19/2025 | 20793 | 20403 | 20307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427068, 10.250%, 8/20/2029 †x | Best Egg | 8/23/2024 | 34572 | 34835 | 34617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427375, 13.450%, 8/20/2029 †x | Best Egg | 8/23/2024 | 24346 | 24535 | 24370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427510, 9.590%, 9/17/2028 †§x | Prosper | 9/19/2025 | 34236 | 33644 | 34170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427513, 18.760%, 9/17/2030 †§x | Prosper | 9/19/2025 | 30335 | 29765 | 28281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427516, 20.430%, 9/17/2030 †§x | Prosper | 9/19/2025 | 28508 | 27971 | 28067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427519, 11.830%, 9/17/2030 †§x | Prosper | 9/19/2025 | 25783 | 25303 | 25878 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**32** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427522, 11.000%, 9/17/2030 †§x | Prosper | 9/19/2025 | $24318 | $23864 | $24044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427525, 14.280%, 9/17/2030 †§x | Prosper | 9/19/2025 | 23535 | 23095 | 22775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427534, 21.160%, 9/17/2030 †§x | Prosper | 9/19/2025 | 20927 | 20533 | 20363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427540, 11.750%, 9/17/2030 †§x | Prosper | 9/19/2025 | 20377 | 19998 | 20426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427551, 25.580%, 8/20/2027 †x | Best Egg | 8/23/2024 | 23743 | 23885 | 23715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427607, 9.530%, 8/20/2029 †x | Best Egg | 8/23/2024 | 37405 | 37685 | 37456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427695, 18.060%, 8/20/2029 †x | Best Egg | 8/23/2024 | 39366 | 39679 | 39331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427773, 13.850%, 10/20/2029 †x# | Best Egg | 8/23/2024 | 40511 | 39844 | 39843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427861, 7.360%, 8/20/2029 †x◇ | Best Egg | 8/23/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2427911, 11.160%, 8/20/2029 †x◇ | Best Egg | 8/23/2024 | 22677 | 22305 | 22801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2428268, 26.460%, 8/20/2031 †x | Best Egg | 8/23/2024 | 42724 | 43118 | 42245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2428485, 25.980%, 8/20/2029 †x◇ | Best Egg | 8/23/2024 | 22825 | 22446 | 21280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2428638, 4.900%, 8/20/2027 †x | Best Egg | 8/23/2024 | 25916 | 26048 | 26008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2428759, 16.160%, 8/20/2031 †x# | Best Egg | 8/23/2024 | 25992 | 26217 | 25861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2428769, 18.030%, 8/20/2028 †x◇ | Best Egg | 8/23/2024 | 24695 | 24299 | 24928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2428846, 19.330%, 8/20/2027 †x◇ | Best Egg | 8/23/2024 | 28565 | 28133 | 27638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2428945, 12.620%, 11/21/2028 †x# | Best Egg | 8/26/2024 | 35323 | 34753 | 35678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2429154, 6.230%, 8/21/2027 †x | Best Egg | 8/26/2024 | 25640 | 25773 | 25732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2429413, 10.280%, 8/21/2029 †x | Best Egg | 8/26/2024 | 23937 | 24117 | 23968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2429602, 14.570%, 8/21/2027 †x◇ | Best Egg | 8/26/2024 | 22158 | 21825 | 21506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2429715, 8.250%, 8/21/2029 †x | Best Egg | 8/26/2024 | 37094 | 37370 | 37091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2429762, 16.120%, 8/21/2029 †x◇ | Best Egg | 8/26/2024 | 23337 | 22951 | 22599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430042, 16.440%, 9/21/2027 †x# | Best Egg | 8/26/2024 | 22880 | 22532 | 22056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430181, 6.630%, 8/21/2027 †x | Best Egg | 8/26/2024 | 23614 | 23737 | 23698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430218, 15.430%, 8/21/2027 †x◇ | Best Egg | 8/26/2024 | 27719 | 27302 | 27563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430315, 12.630%, 9/23/2030 †§x | Prosper | 9/25/2025 | 31920 | 31318 | 32478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430361, 7.040%, 8/21/2029 †x◇ | Best Egg | 8/26/2024 | 23690 | 23303 | 23633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2430741, 15.920%, 12/21/2031 †x | Best Egg | 8/26/2024 | 24001 | 24239 | 24062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 243100788, 24.200%, 10/25/2028 †x# | Upgrade | 8/14/2023 | 22148 | 22078 | 21792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2431055, 15.950%, 8/22/2027 †x◇ | Best Egg | 8/26/2024 | 20395 | 20088 | 20143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2431097, 9.530%, 8/22/2029 †x | Best Egg | 8/26/2024 | 24313 | 24495 | 24309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2431176, 8.070%, 8/22/2029 †x | Best Egg | 8/26/2024 | 37050 | 37325 | 37111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2431340, 14.660%, 8/22/2028 †x◇ | Best Egg | 8/26/2024 | 24745 | 24349 | 25025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2431489, 20.720%, 8/22/2029 †x | Best Egg | 8/26/2024 | 31949 | 32207 | 31844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2431566, 10.540%, 8/22/2029 †x | Best Egg | 8/26/2024 | 21501 | 21631 | 21528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2431816, 14.910%, 7/22/2029 †x | Best Egg | 8/26/2024 | 24127 | 24233 | 24091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2432077, 10.790%, 9/22/2027 †x | Best Egg | 8/26/2024 | 20182 | 20294 | 20236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 243223761, 15.600%, 8/10/2028 †§x | Upgrade | 8/14/2023 | 23873 | 23738 | 24353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2432893, 9.900%, 9/30/2030 †§x# | Prosper | 9/19/2025 | 47573 | 46687 | 46388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2432896, 10.980%, 9/17/2029 †§x | Prosper | 9/19/2025 | 45758 | 44927 | 45584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2432899, 13.030%, 9/17/2030 †§x | Prosper | 9/19/2025 | 37778 | 37074 | 37906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2432905, 14.610%, 9/17/2028 †§x | Prosper | 9/19/2025 | 24367 | 23942 | 23104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2432908, 13.750%, 9/17/2030 †§x | Prosper | 9/19/2025 | 23770 | 23327 | 22363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2432914, 21.110%, 9/17/2030 †§x | Prosper | 9/19/2025 | 22828 | 22398 | 22499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2433033, 8.030%, 10/25/2031 †x# | Best Egg | 8/28/2024 | 42005 | 42356 | 42188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2433114, 20.940%, 8/25/2029 †x◇ | Best Egg | 8/28/2024 | 22681 | 22286 | 21193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2433247, 11.000%, 8/25/2029 †x#◇ | Best Egg | 8/28/2024 | 31942 | 31416 | 31633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2433440, 14.230%, 8/25/2031 †x# | Best Egg | 8/28/2024 | 37180 | 37504 | 37308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2433776, 13.670%, 8/25/2029 †x | Best Egg | 8/28/2024 | 35123 | 35395 | 35110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2434023, 0.000%, 10/25/2029 †x | Best Egg | 8/28/2024 | 35389 | 35652 | 21915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2434104, 18.050%, 8/25/2029 †x◇ | Best Egg | 8/28/2024 | 23701 | 23309 | 23433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2434492, 11.750%, 8/25/2031 †x | Best Egg | 8/28/2024 | 33950 | 34240 | 33959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2435162, 14.560%, 10/01/2028 †x◇ | Best Egg | 8/29/2024 | 32058 | 31543 | 32393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2435395, 6.910%, 10/01/2029 †x◇ | Best Egg | 8/29/2024 | 29356 | 28876 | 29227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2435914, 17.540%, 10/01/2029 †x◇ | Best Egg | 8/29/2024 | 40091 | 39428 | 38577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2436047, 20.910%, 12/01/2029 †x#◇ | Best Egg | 8/29/2024 | 30111 | 29611 | 28492 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**33** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2437677, 6.820%, 10/01/2029 †x◇ | Best Egg | 8/30/2024 | $22536 | $22168 | $22610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2438457, 17.540%, 10/01/2029 †x#◇ | Best Egg | 8/30/2024 | 31286 | 30766 | 30655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2438864, 11.790%, 10/01/2029 †x◇ | Best Egg | 8/30/2024 | 31003 | 30494 | 30841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 243942540, 15.600%, 9/14/2028 †§x | Upgrade | 9/18/2023 | 24564 | 24413 | 25052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443076, 10.790%, 10/02/2027 †x# | Best Egg | 9/05/2024 | 21136 | 21257 | 21106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443179, 20.940%, 9/02/2029 †x◇ | Best Egg | 9/05/2024 | 29685 | 29194 | 29100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443337, 15.630%, 11/02/2029 †x | Best Egg | 9/05/2024 | 31592 | 31067 | 31931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443374, 9.760%, 9/02/2029 †x | Best Egg | 9/05/2024 | 30558 | 30789 | 30526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443446, 8.690%, 10/15/2027 †x | Best Egg | 9/05/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443512, 16.600%, 9/02/2029 †x◇ | Best Egg | 9/05/2024 | 27798 | 27340 | 26798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443568, 11.740%, 9/02/2029 †x | Best Egg | 9/05/2024 | 22416 | 22588 | 22420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443745, 12.480%, 3/02/2030 †x | Best Egg | 9/05/2024 | 31255 | 30735 | 31158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443754, 10.450%, 10/24/2028 †§x | Prosper | 10/28/2025 | 45202 | 44605 | 45072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443757, 8.730%, 10/24/2029 †§x | Prosper | 10/28/2025 | 41833 | 41266 | 41839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443760, 9.450%, 10/24/2030 †§x | Prosper | 10/28/2025 | 28419 | 28026 | 28454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443763, 17.710%, 10/24/2029 †§x# | Prosper | 10/28/2025 | 28264 | 27881 | 27363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443766, 9.860%, 10/24/2029 †§x | Prosper | 10/28/2025 | 23280 | 22963 | 23225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443779, 15.150%, 9/02/2029 †x◇ | Best Egg | 9/05/2024 | 31520 | 31002 | 31792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2443868, 13.280%, 9/02/2029 †x | Best Egg | 9/05/2024 | 34048 | 34312 | 33950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444009, 20.610%, 10/24/2029 †§x | Prosper | 10/28/2025 | 28350 | 27952 | 28000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444012, 17.600%, 10/24/2029 †§x | Prosper | 10/28/2025 | 22592 | 22278 | 22322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444018, 19.580%, 10/24/2030 †§x | Prosper | 10/28/2025 | 21096 | 20795 | 20806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444046, 8.880%, 10/24/2029 †§x | Prosper | 10/28/2025 | 38588 | 38065 | 38593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444049, 19.120%, 10/24/2030 †§x | Prosper | 10/28/2025 | 31048 | 30620 | 30234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444052, 9.880%, 10/24/2030 †§x | Prosper | 10/28/2025 | 28437 | 28043 | 28545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444055, 10.700%, 10/24/2029 †§x | Prosper | 10/28/2025 | 27866 | 27486 | 27799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444058, 12.200%, 10/24/2030 †§x | Prosper | 10/28/2025 | 27168 | 26789 | 26948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444061, 20.830%, 10/24/2030 †§x | Prosper | 10/28/2025 | 23553 | 23216 | 22937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444064, 14.000%, 10/24/2030 †§x | Prosper | 10/28/2025 | 22520 | 22204 | 22332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444067, 11.480%, 10/24/2030 †§x | Prosper | 10/28/2025 | 20356 | 20072 | 20193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444164, 8.560%, 9/02/2029 †x | Best Egg | 9/05/2024 | 22751 | 22922 | 22760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444237, 10.600%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 45181 | 44565 | 45131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444240, 13.600%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 39552 | 38994 | 39160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444243, 12.750%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 39519 | 38963 | 39129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444246, 11.000%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 26143 | 25777 | 26146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444249, 9.400%, 10/27/2028 †§x# | Prosper | 10/29/2025 | 22872 | 22576 | 22777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444252, 10.650%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 20906 | 20614 | 20910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444277, 21.620%, 10/24/2030 †§x | Prosper | 10/28/2025 | 30791 | 30349 | 29986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444280, 19.660%, 10/24/2030 †§x | Prosper | 10/28/2025 | 30721 | 30283 | 29916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444283, 22.850%, 10/24/2030 †§x | Prosper | 10/28/2025 | 31128 | 30681 | 30315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444286, 21.850%, 10/24/2030 †§x | Prosper | 10/28/2025 | 25987 | 25614 | 25307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444289, 25.200%, 10/24/2030 †§x | Prosper | 10/28/2025 | 23183 | 22849 | 22844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444292, 19.250%, 10/24/2029 †§x | Prosper | 10/28/2025 | 23584 | 23254 | 22837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444295, 19.950%, 10/24/2030 †§x | Prosper | 10/28/2025 | 23049 | 22720 | 22731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444375, 0.000%, 12/02/2028 †x | Best Egg | 9/05/2024 | 26904 | 26477 | 21597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444411, 11.750%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 34664 | 34178 | 34664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444414, 11.230%, 10/27/2029 †§x# | Prosper | 10/29/2025 | 30974 | 30548 | 30883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444417, 11.250%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 25985 | 25621 | 25987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444437, 19.950%, 11/02/2029 †x#◇ | Best Egg | 9/05/2024 | 25238 | 24819 | 24745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444514, 11.100%, 10/27/2030 †§x | Prosper | 10/29/2025 | 46949 | 46304 | 46894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444517, 14.750%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 39597 | 39036 | 39200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444520, 18.860%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 33022 | 32547 | 32494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444523, 13.200%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 32787 | 32324 | 32462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444526, 12.750%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 30714 | 30281 | 30411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444529, 10.300%, 10/27/2029 †§x# | Prosper | 10/29/2025 | 28467 | 28085 | 28384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444532, 14.790%, 11/10/2030 †§x# | Prosper | 10/29/2025 | 28236 | 27847 | 28094 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**34** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444535, 18.500%, 10/27/2030 †§x# | Prosper | 10/29/2025 | $25552 | $25197 | $25144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444538, 9.380%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 24013 | 23679 | 24091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444541, 14.080%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 20802 | 20516 | 20577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444576, 9.220%, 10/27/2028 †§x# | Prosper | 10/29/2025 | 24565 | 24239 | 24479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444579, 18.330%, 10/27/2029 †§x# | Prosper | 10/29/2025 | 22487 | 22170 | 22188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444582, 11.880%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 22221 | 21909 | 22003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444618, 9.380%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 48025 | 47356 | 48182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444621, 13.380%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 37615 | 37084 | 37242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444624, 10.300%, 10/28/2029 †§x# | Prosper | 10/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444627, 16.000%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 32876 | 32407 | 32544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444630, 8.610%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 29642 | 29250 | 29551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444633, 11.110%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 28798 | 28413 | 28695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444636, 9.380%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 26098 | 25734 | 26183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444639, 10.660%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 25228 | 24892 | 25139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444642, 11.210%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 24156 | 23833 | 24070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444648, 14.350%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 21239 | 20938 | 21027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444653, 17.060%, 9/02/2029 †x◇ | Best Egg | 9/05/2024 | 28600 | 28128 | 28403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444662, 6.820%, 9/02/2029 †x◇ | Best Egg | 9/05/2024 | 22505 | 22138 | 22362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444760, 11.800%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 48147 | 47472 | 48147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444763, 11.100%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 48113 | 47439 | 48118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444766, 10.200%, 10/27/2029 †§x# | Prosper | 10/29/2025 | 24671 | 24333 | 24600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444769, 11.100%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 21439 | 21139 | 21441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444786, 8.000%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 36101 | 35624 | 35989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444789, 19.080%, 10/28/2029 †§x# | Prosper | 10/30/2025 | 28728 | 28321 | 28344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444792, 14.700%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 26528 | 26152 | 26263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444943, 9.580%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 20883 | 20592 | 20950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444991, 11.230%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 48119 | 47445 | 48123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444994, 11.080%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 36229 | 35744 | 36099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2444997, 9.030%, 10/28/2029 †§x# | Prosper | 10/30/2025 | 35893 | 35403 | 35887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445000, 12.010%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 33942 | 33487 | 33819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445003, 17.430%, 11/01/2030 †§x# | Prosper | 10/30/2025 | 33955 | 33487 | 33609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445006, 9.990%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 33640 | 33170 | 33650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445009, 9.230%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 29291 | 28883 | 29387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445012, 10.500%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 28849 | 28446 | 28856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445015, 11.750%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 28779 | 28375 | 28779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445018, 14.290%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 23996 | 23667 | 23680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445035, 8.000%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 37403 | 36885 | 37532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445038, 8.760%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 30208 | 29808 | 30115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445107, 7.800%, 9/02/2029 †x | Best Egg | 9/05/2024 | 30193 | 30418 | 30165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445146, 8.290%, 9/02/2029 †x | Best Egg | 9/05/2024 | 34070 | 34325 | 34038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445180, 10.250%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 48070 | 47398 | 48082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445183, 8.000%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 45357 | 44758 | 45218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445189, 8.000%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 28522 | 28152 | 28414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445192, 10.050%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 31340 | 30902 | 31349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445198, 12.310%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 23256 | 22943 | 23171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445201, 21.110%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 23297 | 22975 | 22806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445204, 13.380%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 20254 | 19968 | 20054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445222, 19.520%, 11/02/2029 †x# | Best Egg | 9/05/2024 | 43268 | 42549 | 43663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445236, 14.130%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 37643 | 37110 | 37268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445239, 14.650%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 37662 | 37128 | 37285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445242, 18.050%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 35844 | 35330 | 35274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445245, 12.200%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 29864 | 29444 | 29570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445248, 8.000%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 28233 | 27860 | 28146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445254, 9.230%, 8/11/2031 †x# | Prosper | 10/30/2025 | 27635 | 27247 | 20182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445257, 17.470%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 25175 | 24814 | 24918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445257, 9.310%, 10/22/2029 †x◇ | Best Egg | 9/05/2024 | 28552 | 28082 | 28454 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**35** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445260, 14.700%, 10/28/2030 †§x# | Prosper | 10/30/2025 | $24143 | $23801 | $23902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445263, 19.500%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 23280 | 22945 | 22906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445266, 17.430%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 22921 | 22605 | 22449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445269, 17.280%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 21043 | 20755 | 20765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445272, 18.550%, 11/04/2028 †§x# | Prosper | 10/30/2025 | 20678 | 20406 | 20403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445289, 15.880%, 9/02/2029 †x | Best Egg | 9/05/2024 | 20063 | 20220 | 20002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445390, 31.940%, 9/02/2029 †x◇ | Best Egg | 9/05/2024 | 22912 | 22524 | 22054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445566, 21.750%, 10/29/2029 †§x# | Prosper | 10/31/2025 | 28800 | 28404 | 27951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445569, 22.250%, 10/29/2030 †§x# | Prosper | 10/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445572, 23.780%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 26284 | 25917 | 25527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445575, 20.500%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 24271 | 23933 | 23565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445609, 11.260%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 41811 | 41252 | 41661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445612, 9.450%, 10/28/2029 †§x# | Prosper | 10/30/2025 | 39157 | 38621 | 39162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445615, 12.010%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 36267 | 35780 | 36136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445621, 15.000%, 11/21/2030 †§x | Prosper | 10/30/2025 | 30696 | 30271 | 30307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445624, 12.160%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 24182 | 23857 | 24094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445791, 4.650%, 9/02/2027 †x | Best Egg | 9/05/2024 | 26705 | 26845 | 26788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445896, 6.230%, 9/02/2027 †x◇ | Best Egg | 9/05/2024 | 27541 | 27130 | 27668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2445900, 22.780%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 26263 | 25896 | 25505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446074, 23.830%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 23876 | 23544 | 23021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446167, 23.620%, 9/02/2029 †x | Best Egg | 9/05/2024 | 28790 | 29027 | 28687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446286, 13.000%, 10/30/2030 †§x# | Prosper | 11/03/2025 | 39529 | 38986 | 39258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446289, 13.050%, 10/30/2028 †§x# | Prosper | 11/03/2025 | 38171 | 37673 | 37902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446292, 14.750%, 10/30/2030 †§x# | Prosper | 11/03/2025 | 33802 | 33339 | 33565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446295, 11.250%, 10/30/2028 †§x# | Prosper | 11/03/2025 | 38094 | 37598 | 37830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446298, 12.750%, 10/30/2030 †§x# | Prosper | 11/03/2025 | 27409 | 27034 | 27221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446329, 20.250%, 10/29/2028 †§x# | Prosper | 10/31/2025 | 20639 | 20365 | 20425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446668, 15.430%, 10/30/2030 †§x# | Prosper | 11/03/2025 | 28992 | 28594 | 28788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446671, 14.250%, 10/30/2028 †§x# | Prosper | 11/03/2025 | 23771 | 23461 | 23603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446674, 15.200%, 10/30/2028 †§x# | Prosper | 11/03/2025 | 24164 | 23848 | 23822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446677, 10.980%, 10/30/2030 †§x# | Prosper | 11/03/2025 | 22129 | 21827 | 21980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446908, 9.490%, 9/03/2031 †x | Best Egg | 9/06/2024 | 33885 | 34171 | 34002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2446930, 14.660%, 10/12/2029 †x◇ | Best Egg | 9/06/2024 | 25639 | 25217 | 25873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2447093, 7.700%, 9/03/2029 †x◇ | Best Egg | 9/06/2024 | 25009 | 24601 | 24849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2447503, 6.860%, 9/04/2027 †x | Best Egg | 9/06/2024 | 20474 | 20583 | 20515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2447584, 6.230%, 9/03/2027 †x | Best Egg | 9/06/2024 | 27541 | 27687 | 27626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2447625, 12.590%, 9/03/2031 †x | Best Egg | 9/06/2024 | 31012 | 31279 | 30984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2447899, 4.310%, 9/03/2027 †x | Best Egg | 9/06/2024 | 27188 | 27329 | 27273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2448162, 16.120%, 10/15/2029 †x◇ | Best Egg | 9/06/2024 | 27956 | 27495 | 27419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2448212, 14.270%, 9/03/2028 †x◇ | Best Egg | 9/06/2024 | 21238 | 20899 | 21397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2448226, 0.000%, 9/03/2031 †x | Best Egg | 9/06/2024 | 42786 | 43148 | 36921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2448627, 10.510%, 9/04/2029 †x | Best Egg | 9/09/2024 | 38369 | 38662 | 38388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2448908, 5.940%, 9/04/2027 †x | Best Egg | 9/09/2024 | 27213 | 27357 | 27300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449285, 10.300%, 10/24/2029 †§x | Prosper | 10/28/2025 | 47450 | 46804 | 47337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449288, 11.500%, 10/24/2029 †§x | Prosper | 10/28/2025 | 42761 | 42177 | 42654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449291, 12.750%, 10/24/2030 †§x | Prosper | 10/28/2025 | 22482 | 22168 | 22299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449294, 11.480%, 10/24/2030 †§x | Prosper | 10/28/2025 | 21851 | 21547 | 21676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449314, 17.090%, 9/04/2029 †x◇ | Best Egg | 9/09/2024 | 31705 | 31183 | 31751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449442, 11.920%, 9/04/2031 †x | Best Egg | 9/09/2024 | 30045 | 30303 | 30146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449522, 18.140%, 10/24/2028 †§x | Prosper | 10/28/2025 | 29257 | 28862 | 28959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449525, 22.460%, 10/24/2030 †§x | Prosper | 10/28/2025 | 30820 | 30377 | 30015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449531, 17.960%, 10/24/2028 †§x | Prosper | 10/28/2025 | 23766 | 23444 | 23523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449556, 13.790%, 9/04/2028 †x◇ | Best Egg | 9/09/2024 | 21188 | 20849 | 21375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449565, 12.220%, 10/04/2027 †x | Best Egg | 9/09/2024 | 27313 | 26899 | 27403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449789, 9.450%, 10/27/2029 †§x# | Prosper | 10/29/2025 | 42665 | 42082 | 42543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449792, 11.560%, 10/27/2028 †§x# | Prosper | 10/29/2025 | 33460 | 33013 | 33119 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**36** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449795, 23.220%, 10/27/2030 †§x# | Prosper | 10/29/2025 | $30651 | $30210 | $30146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449798, 14.680%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 21896 | 21596 | 21671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449801, 17.060%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 23229 | 22897 | 22863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449804, 12.200%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 21699 | 21394 | 21486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449807, 11.000%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 20205 | 19922 | 20208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449955, 18.020%, 11/04/2029 †x | Best Egg | 9/09/2024 | 27511 | 27056 | 26951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449960, 11.750%, 9/27/2031 †x# | Prosper | 10/29/2025 | 50000 | 49291 | 39117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449963, 11.000%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 29827 | 29409 | 29830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2449966, 9.270%, 10/27/2029 †§x# | Prosper | 10/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450079, 7.980%, 9/04/2027 †x | Best Egg | 9/09/2024 | 24660 | 24763 | 24694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450143, 19.750%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 35898 | 35381 | 35320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450146, 9.900%, 10/27/2030 †§x# | Prosper | 10/29/2025 | 33636 | 33167 | 33647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450182, 15.450%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 36923 | 36421 | 36538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450185, 18.430%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 38764 | 38207 | 38366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450188, 9.380%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 36019 | 35517 | 36136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450191, 13.180%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 32786 | 32323 | 32462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450194, 8.000%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 31649 | 31210 | 31758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450197, 9.250%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 29201 | 28813 | 29099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450200, 19.750%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 24520 | 24166 | 24265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450203, 8.010%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 20121 | 19855 | 20059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450326, 11.370%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 48126 | 47451 | 48129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450329, 10.580%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 40292 | 39728 | 40196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450335, 19.850%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 27169 | 26778 | 26731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450338, 11.750%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 21184 | 20886 | 21184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450602, 8.000%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 44900 | 44319 | 44727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450605, 11.000%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 37524 | 36998 | 37638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450608, 8.180%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 28670 | 28273 | 28768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450611, 10.870%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 26139 | 25773 | 26219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450614, 8.630%, 11/01/2029 †§x# | Prosper | 10/30/2025 | 25737 | 25386 | 25742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450617, 9.380%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 21611 | 21310 | 21682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450806, 8.010%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 46283 | 45672 | 46141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450809, 8.760%, 10/28/2028 †§x# | Prosper | 10/30/2025 | 32427 | 31997 | 32327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450812, 9.080%, 10/28/2029 †§x# | Prosper | 10/30/2025 | 28905 | 28510 | 28910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450815, 20.550%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 24272 | 23923 | 23879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450818, 8.680%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 20862 | 20573 | 20932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450821, 14.380%, 10/28/2030 †§x# | Prosper | 10/30/2025 | 20274 | 19987 | 20072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450947, 9.310%, 9/05/2029 †x | Best Egg | 9/09/2024 | 38093 | 38381 | 38015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451068, 9.810%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 48047 | 47547 | 48230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451071, 10.550%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 48085 | 47584 | 48173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451074, 9.080%, 11/20/2030 †x◇ | Prosper | 11/14/2025 | 45220 | 44741 | 45398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451077, 12.330%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 42392 | 41951 | 42453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451080, 8.630%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 39828 | 39414 | 39989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451083, 8.580%, 11/12/2030 †x#◇ | Prosper | 11/14/2025 | 33179 | 32827 | 33286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451086, 11.400%, 11/12/2028 †x◇ | Prosper | 11/14/2025 | 30666 | 30360 | 30586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451089, 9.230%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 31211 | 30886 | 31333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451092, 9.580%, 11/12/2028 †x◇ | Prosper | 11/14/2025 | 24111 | 23871 | 24053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451142, 26.410%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 27094 | 26713 | 26319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451145, 22.850%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 24319 | 23979 | 23617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451147, 11.100%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 47061 | 46572 | 47142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451150, 13.710%, 11/12/2028 †x◇ | Prosper | 11/14/2025 | 36334 | 35973 | 36232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451153, 11.000%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 29826 | 29516 | 29878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451156, 9.380%, 11/12/2029 †x◇ | Prosper | 11/14/2025 | 28915 | 28619 | 28917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451159, 9.230%, 11/12/2029 †x◇ | Prosper | 11/14/2025 | 22149 | 21922 | 22151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451165, 10.200%, 11/12/2029 †x◇ | Prosper | 11/14/2025 | 21141 | 20925 | 21096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451325, 22.850%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 31128 | 30693 | 30230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451327, 19.010%, 9/05/2029 †x◇ | Best Egg | 9/09/2024 | 21618 | 21261 | 21215 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**37** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451328, 23.750%, 10/29/2028 †§x# | Prosper | 10/31/2025 | $24578 | $24250 | $24076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451360, 10.510%, 11/05/2029 †x | Best Egg | 9/09/2024 | 35297 | 34715 | 35441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451386, 14.520%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 42484 | 42044 | 42613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451392, 13.280%, 11/27/2030 †x#◇ | Prosper | 11/17/2025 | 47839 | 47330 | 48043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451395, 9.530%, 11/13/2030 †x#◇ | Prosper | 11/17/2025 | 35458 | 35082 | 35570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451398, 11.260%, 11/13/2028 †x◇ | Prosper | 11/17/2025 | 36236 | 35875 | 36146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451401, 9.080%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 27365 | 27081 | 27475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451404, 9.550%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 28820 | 28520 | 28884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451407, 12.500%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451411, 11.400%, 11/13/2029 †x◇ | Prosper | 11/17/2025 | 42756 | 42319 | 42662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451413, 9.320%, 11/13/2028 †x◇ | Prosper | 11/17/2025 | 21159 | 20948 | 21111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451414, 10.650%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 38472 | 38072 | 38547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451417, 8.630%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 38389 | 37989 | 38546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451423, 11.750%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 20930 | 20713 | 20966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451426, 10.250%, 11/13/2028 †x◇ | Prosper | 11/17/2025 | 21345 | 21133 | 21295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451429, 11.500%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 20216 | 20005 | 20251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451571, 15.980%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 35776 | 35281 | 35375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451574, 21.580%, 10/29/2030 †§x# | Prosper | 10/31/2025 | 27338 | 26959 | 27016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451631, 18.750%, 10/30/2030 †§x# | Prosper | 11/03/2025 | 20237 | 19958 | 20004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451675, 20.940%, 12/05/2029 †x# | Best Egg | 9/09/2024 | 21416 | 21060 | 21219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451685, 31.940%, 9/05/2029 †x◇ | Best Egg | 9/09/2024 | 34096 | 33528 | 32200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451714, 15.140%, 9/05/2029 †x◇ | Best Egg | 9/09/2024 | 29155 | 28675 | 29241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451780, 15.760%, 11/05/2027 †x# | Best Egg | 9/09/2024 | 24636 | 24260 | 24378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451837, 10.300%, 11/25/2029 †x#◇ | Prosper | 11/17/2025 | 47618 | 47120 | 47519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451850, 11.200%, 10/30/2028 †§x# | Prosper | 11/03/2025 | 28801 | 28426 | 28602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451853, 15.280%, 10/30/2030 †§x# | Prosper | 11/03/2025 | 24157 | 23825 | 23987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451917, 14.900%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 39602 | 39191 | 39306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451920, 15.150%, 11/13/2028 †x◇ | Prosper | 11/17/2025 | 38258 | 37878 | 37952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451929, 14.750%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 39343 | 38935 | 38925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451932, 14.300%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 27983 | 27684 | 27685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451935, 22.330%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 23336 | 23095 | 23044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451938, 10.980%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 21167 | 20947 | 21019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451947, 16.380%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 25149 | 24888 | 24956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451972, 8.780%, 11/13/2029 †x◇ | Prosper | 11/17/2025 | 47370 | 46885 | 47278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451978, 11.950%, 11/13/2029 †x◇ | Prosper | 11/17/2025 | 28521 | 28229 | 28379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451981, 10.580%, 11/13/2030 †x | Prosper | 11/17/2025 | 26727 | 26445 | 20494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451984, 20.150%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 21328 | 21108 | 21069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451987, 20.550%, 11/13/2030 †x#◇ | Prosper | 11/17/2025 | 20664 | 20444 | 20309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451990, 9.900%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 25068 | 24807 | 25121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2451993, 14.880%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 24147 | 23897 | 23967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452072, 31.740%, 9/05/2029 †x◇ | Best Egg | 9/09/2024 | 21293 | 20939 | 20125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452089, 16.110%, 9/05/2029 †x◇ | Best Egg | 9/09/2024 | 21784 | 21425 | 21389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452108, 16.400%, 9/05/2028 †x◇ | Best Egg | 9/09/2024 | 27410 | 26944 | 27523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452466, 14.880%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 39602 | 39189 | 39313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452469, 16.050%, 11/30/2030 †x# | Prosper | 11/18/2025 | 34610 | 34249 | 29679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452470, 13.750%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 39558 | 39146 | 39276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452472, 15.750%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 38668 | 38265 | 38382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452475, 15.860%, 11/21/2030 †x◇ | Prosper | 11/18/2025 | 32975 | 32622 | 32732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452476, 12.700%, 11/14/2028 †x◇ | Prosper | 11/18/2025 | 33502 | 33168 | 33250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452478, 14.750%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 31388 | 31061 | 31160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452479, 12.200%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 24083 | 23832 | 23916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452481, 13.700%, 11/14/2028 †x◇ | Prosper | 11/18/2025 | 27138 | 26865 | 26932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452482, 19.250%, 11/16/2028 †x◇ | Prosper | 11/18/2025 | 30077 | 29767 | 29786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452485, 14.280%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 24133 | 23882 | 23959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452488, 14.580%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 22811 | 22574 | 22646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452754, 13.980%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 24919 | 24659 | 24740 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**38** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452757, 15.430%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | $25126 | $24865 | $24942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452776, 14.080%, 11/14/2029 †x◇ | Prosper | 11/18/2025 | 36684 | 36308 | 36498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452779, 12.200%, 11/27/2029 †x#◇ | Prosper | 11/18/2025 | 30120 | 29805 | 30086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452782, 16.330%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 29017 | 28715 | 28800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2452785, 12.940%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 27012 | 26730 | 26822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453045, 10.060%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 46393 | 45925 | 46304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453048, 12.580%, 11/17/2029 †x◇ | Prosper | 11/19/2025 | 39005 | 38600 | 38836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453051, 11.480%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 39520 | 39101 | 39275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453054, 12.910%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35936 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453055, 10.510%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 46417 | 45948 | 46326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453057, 10.530%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 28779 | 28489 | 28723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453058, 10.080%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 39410 | 38995 | 39172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453060, 14.700%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 37139 | 36748 | 36893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453061, 13.800%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 38246 | 37855 | 37978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453063, 12.750%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 29398 | 29088 | 29210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453064, 13.500%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 36326 | 35959 | 36072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453066, 13.200%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 27548 | 27258 | 27371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453067, 12.250%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 33485 | 33147 | 33256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453069, 10.580%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 27176 | 26890 | 27246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453070, 9.590%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 27821 | 27540 | 27769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453072, 15.690%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 26553 | 26273 | 26374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453073, 10.350%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 29806 | 29493 | 29884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453075, 12.350%, 11/17/2029 †x◇ | Prosper | 11/19/2025 | 22741 | 22505 | 22697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453076, 11.750%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 25517 | 25248 | 25575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453085, 15.750%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 21244 | 21020 | 21100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453090, 14.650%, 11/08/2028 †x | Best Egg | 9/11/2024 | 27027 | 26591 | 27261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453101, 11.720%, 9/08/2029 †x◇ | Best Egg | 9/11/2024 | 24404 | 24004 | 24302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453148, 16.160%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 26565 | 26285 | 26294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453544, 10.580%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 48086 | 47579 | 48217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453547, 9.180%, 11/18/2029 †x◇ | Prosper | 11/20/2025 | 43265 | 42816 | 43198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453550, 22.880%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 35993 | 35610 | 35598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453553, 11.730%, 11/28/2030 †x#◇ | Prosper | 11/20/2025 | 34735 | 34365 | 34916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453556, 12.330%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 32774 | 32425 | 32850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453559, 12.130%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 28898 | 28593 | 28966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453562, 19.580%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 24516 | 24256 | 24259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453564, 11.500%, 11/18/2030 †x | Prosper | 11/20/2025 | 48132 | 47624 | 48253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453565, 13.750%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 22109 | 21876 | 21900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453567, 11.750%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 48145 | 47636 | 48263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453570, 12.500%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 41834 | 41390 | 41822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453573, 14.880%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 39602 | 39183 | 39347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453576, 14.250%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 35234 | 34861 | 35300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453579, 20.780%, 12/17/2030 †x#◇ | Prosper | 11/20/2025 | 23174 | 22924 | 22808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453588, 19.050%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 21332 | 21105 | 21110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453736, 9.580%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 36166 | 35801 | 36103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453745, 17.420%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 23231 | 22982 | 22996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453748, 11.860%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 24173 | 23928 | 24126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453762, 10.500%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 47000 | 46500 | 47008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453765, 11.000%, 11/18/2030 †x#◇ | Prosper | 11/20/2025 | 31768 | 31431 | 31852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453768, 10.580%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 31357 | 31026 | 31442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453771, 10.510%, 12/11/2028 †x#◇ | Prosper | 11/20/2025 | 28144 | 27857 | 28140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453777, 10.550%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 23561 | 23313 | 23626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453779, 9.670%, 10/15/2029 †x◇ | Best Egg | 9/11/2024 | 26032 | 25605 | 25956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453961, 16.880%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 35806 | 35426 | 35447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453963, 11.340%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 38098 | 37710 | 37849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453966, 15.000%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 28014 | 27718 | 27833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453967, 14.650%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 32832 | 32485 | 32622 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**39** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453969, 22.580%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | $23341 | $23093 | $23086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453970, 15.250%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 37762 | 37375 | 37374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453973, 18.750%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 23749 | 23498 | 23504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2453976, 9.530%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 25938 | 25664 | 26050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454050, 9.530%, 9/08/2029 †x | Best Egg | 9/11/2024 | 21404 | 21567 | 21388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454132, 13.210%, 10/19/2029 †x◇ | Best Egg | 9/11/2024 | 25571 | 25150 | 25335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454245, 9.580%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 30941 | 30615 | 31046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454254, 9.610%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 34045 | 33686 | 34192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454255, 8.010%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454273, 8.180%, 11/18/2029 †x◇ | Prosper | 11/20/2025 | 25562 | 25297 | 25572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454327, 7.800%, 9/08/2029 †x | Best Egg | 9/11/2024 | 26419 | 26616 | 26403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454350, 9.580%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 48035 | 47529 | 48242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454353, 15.400%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 23410 | 23170 | 23247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454356, 15.750%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 21244 | 21019 | 21105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454387, 19.750%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 30004 | 29699 | 29744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454390, 13.380%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 25076 | 24811 | 24920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454393, 12.730%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 31426 | 31094 | 31497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454407, 13.430%, 9/08/2031 †x | Best Egg | 9/11/2024 | 34607 | 34907 | 34582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454429, 13.380%, 9/08/2031 †x | Best Egg | 9/11/2024 | 43247 | 43583 | 43392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454720, 9.310%, 9/08/2029 †x◇ | Best Egg | 9/11/2024 | 22856 | 22482 | 22789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454872, 14.150%, 11/19/2030 †§x | Prosper | 11/21/2025 | 25095 | 24829 | 24941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454875, 14.350%, 11/19/2030 †§x | Prosper | 11/21/2025 | 27997 | 27699 | 27824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454878, 14.000%, 11/19/2029 †§x | Prosper | 11/21/2025 | 20937 | 20718 | 20850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454913, 7.210%, 9/08/2027 †x | Best Egg | 9/11/2024 | 24949 | 25083 | 25030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454936, 17.320%, 11/19/2030 †§x | Prosper | 11/21/2025 | 35817 | 35433 | 35467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454939, 21.850%, 11/30/2030 †§x# | Prosper | 11/21/2025 | 31628 | 31287 | 31014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454942, 21.250%, 11/19/2030 †§x# | Prosper | 11/21/2025 | 29181 | 28865 | 28471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454978, 12.620%, 9/08/2028 †x#◇ | Best Egg | 9/11/2024 | 23898 | 23516 | 24066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2454990, 7.700%, 9/08/2029 †x | Best Egg | 9/11/2024 | 37717 | 37999 | 37695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455107, 9.760%, 8/08/2029 †x | Best Egg | 9/11/2024 | 20855 | 21003 | 20836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455241, 13.380%, 12/15/2030 †§x | Prosper | 11/24/2025 | 36650 | 36260 | 36436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455244, 10.200%, 11/20/2029 †§x | Prosper | 11/24/2025 | 34160 | 33803 | 34110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455247, 13.750%, 11/20/2030 †§x | Prosper | 11/24/2025 | 32804 | 32455 | 32611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455250, 10.350%, 11/20/2030 †§x | Prosper | 11/24/2025 | 22114 | 21880 | 22182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455256, 9.870%, 11/20/2030 †§x | Prosper | 11/24/2025 | 20889 | 20668 | 20956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455257, 11.750%, 11/20/2030 †§x# | Prosper | 11/24/2025 | 48764 | 48246 | 37308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455260, 12.010%, 11/20/2028 †§x | Prosper | 11/24/2025 | 27897 | 27612 | 27848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455263, 11.830%, 11/20/2030 †§x | Prosper | 11/24/2025 | 25519 | 25248 | 25588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455266, 8.680%, 11/20/2030 †§x | Prosper | 11/24/2025 | 22075 | 21841 | 22151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455600, 13.040%, 10/09/2029 †x | Best Egg | 9/12/2024 | 28065 | 27603 | 28172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455687, 13.360%, 10/18/2027 †x | Best Egg | 9/12/2024 | 28976 | 29142 | 28950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455827, 11.100%, 11/21/2030 †§x | Prosper | 11/25/2025 | 48112 | 47600 | 48259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455829, 12.310%, 11/21/2028 †§x# | Prosper | 11/25/2025 | 36080 | 35711 | 35956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455832, 14.000%, 11/21/2030 †§x | Prosper | 11/25/2025 | 23162 | 22914 | 23030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455833, 11.040%, 11/21/2030 †§x | Prosper | 11/25/2025 | 48109 | 47597 | 48257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455835, 8.000%, 11/21/2030 †§x | Prosper | 11/25/2025 | 21099 | 20875 | 21202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455836, 9.220%, 11/21/2030 †§x | Prosper | 11/25/2025 | 44175 | 43706 | 44329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455838, 16.200%, 11/21/2029 †§x | Prosper | 11/25/2025 | 20984 | 20763 | 20898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455839, 12.300%, 11/21/2030 †§x | Prosper | 11/25/2025 | 39501 | 39079 | 39284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455841, 11.860%, 11/21/2028 †§x | Prosper | 11/25/2025 | 20210 | 20003 | 20176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455842, 15.280%, 11/21/2030 †§x | Prosper | 11/25/2025 | 27055 | 26766 | 26897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455844, 11.600%, 11/21/2030 †§x | Prosper | 11/25/2025 | 21157 | 20931 | 21043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455845, 12.010%, 11/21/2028 †§x | Prosper | 11/25/2025 | 24177 | 23930 | 24137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455848, 12.200%, 12/01/2030 †§x | Prosper | 11/25/2025 | 24834 | 24583 | 24692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455940, 9.760%, 9/09/2029 †x | Best Egg | 9/12/2024 | 22918 | 23092 | 22903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2455960, 12.130%, 9/09/2028 †x◇ | Best Egg | 9/12/2024 | 28321 | 27869 | 28779 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**40** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456003, 8.000%, 11/24/2028 †§x | Prosper | 11/26/2025 | $46283 | $45807 | $46182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456006, 8.700%, 11/24/2030 †§x | Prosper | 11/26/2025 | 47990 | 47476 | 48227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456007, 8.310%, 11/24/2030 †§x | Prosper | 11/26/2025 | 47010 | 46507 | 47246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456009, 9.080%, 11/24/2030 †§x | Prosper | 11/26/2025 | 43208 | 42746 | 43419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456010, 9.380%, 11/24/2030 †§x | Prosper | 11/26/2025 | 45624 | 45135 | 45843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456012, 9.880%, 11/24/2030 †§x | Prosper | 11/26/2025 | 36556 | 36164 | 36729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456013, 8.810%, 11/24/2028 †§x | Prosper | 11/26/2025 | 43083 | 42640 | 42988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456015, 19.350%, 11/24/2030 †§x# | Prosper | 11/26/2025 | 24280 | 24018 | 24074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456016, 23.560%, 11/24/2030 †§x | Prosper | 11/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456018, 19.650%, 11/24/2030 †§x | Prosper | 11/26/2025 | 24253 | 23989 | 23710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456019, 9.080%, 11/24/2030 †§x | Prosper | 11/26/2025 | 32646 | 32297 | 32806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456021, 20.000%, 11/24/2030 †§x | Prosper | 11/26/2025 | 24261 | 23996 | 24052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456022, 21.850%, 11/24/2030 †§x | Prosper | 11/26/2025 | 31102 | 30762 | 30410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456024, 18.250%, 11/24/2028 †§x | Prosper | 11/26/2025 | 20596 | 20380 | 20455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456025, 21.950%, 11/24/2028 †§x | Prosper | 11/26/2025 | 26312 | 26034 | 25917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456027, 9.880%, 11/24/2030 †§x | Prosper | 11/26/2025 | 20889 | 20665 | 20988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456028, 19.750%, 11/24/2030 †§x | Prosper | 11/26/2025 | 29316 | 28997 | 29066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456030, 18.050%, 11/24/2028 †§x | Prosper | 11/26/2025 | 20592 | 20376 | 20451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456031, 19.550%, 11/24/2030 †§x | Prosper | 11/26/2025 | 24251 | 23987 | 24044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456033, 18.060%, 11/24/2030 †§x | Prosper | 11/26/2025 | 20757 | 20531 | 20585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456037, 18.840%, 11/24/2030 †§x | Prosper | 11/26/2025 | 22297 | 22054 | 22109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456095, 16.110%, 10/26/2029 †x#◇ | Best Egg | 9/12/2024 | 25842 | 25412 | 25380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456246, 16.650%, 11/24/2030 †§x | Prosper | 11/26/2025 | 30960 | 30624 | 30711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456249, 23.050%, 11/24/2030 †§x | Prosper | 11/26/2025 | 31133 | 30791 | 30442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456252, 21.000%, 11/24/2030 †§x | Prosper | 11/26/2025 | 29138 | 28819 | 28883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456255, 19.130%, 11/30/2030 †§x# | Prosper | 11/26/2025 | 27213 | 26916 | 26728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456258, 19.060%, 11/24/2028 †§x | Prosper | 11/26/2025 | 23424 | 23178 | 23262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456261, 23.450%, 11/24/2030 †§x | Prosper | 11/26/2025 | 23357 | 23101 | 22839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456283, 22.850%, 11/24/2030 †§x | Prosper | 11/26/2025 | 30260 | 29928 | 29588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456286, 21.580%, 11/24/2030 †§x | Prosper | 11/26/2025 | 28828 | 28513 | 28574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456289, 20.920%, 11/24/2030 †§x | Prosper | 11/26/2025 | 26222 | 25935 | 25637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456368, 9.830%, 9/09/2031 †x | Best Egg | 9/12/2024 | 41578 | 41930 | 41727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456375, 15.880%, 9/09/2029 †x◇ | Best Egg | 9/12/2024 | 20374 | 20035 | 20021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456455, 15.680%, 9/09/2031 †x | Best Egg | 9/12/2024 | 21869 | 22061 | 21940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456482, 17.400%, 11/12/2030 †x | Prosper | 11/14/2025 | 48409 | 47907 | 48425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456485, 11.100%, 11/13/2030 †x◇ | Prosper | 11/14/2025 | 33689 | 33331 | 33746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456488, 12.310%, 11/12/2028 †x◇ | Prosper | 11/14/2025 | 36278 | 35917 | 36181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456491, 8.180%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 27274 | 26985 | 27352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456494, 9.360%, 11/12/2028 †x◇ | Prosper | 11/14/2025 | 25191 | 24939 | 25131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456497, 12.750%, 11/12/2028 †x◇ | Prosper | 11/14/2025 | 27099 | 26829 | 26884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456500, 17.400%, 11/12/2030 †x◇ | Prosper | 11/14/2025 | 21045 | 20827 | 21052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456555, 10.510%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 46417 | 45935 | 46367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456558, 10.660%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 36211 | 35836 | 36172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456561, 13.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 20143 | 19924 | 20045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456734, 14.950%, 9/09/2027 †x◇ | Best Egg | 9/12/2024 | 21553 | 21227 | 21779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456793, 13.030%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 32781 | 32426 | 32886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456796, 10.500%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 31354 | 31017 | 31473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456819, 14.250%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 28959 | 28645 | 29044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456822, 9.870%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 23376 | 23125 | 23468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456825, 21.260%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24287 | 24020 | 23755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456884, 10.550%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 48085 | 47585 | 48180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456887, 12.310%, 11/13/2028 †x◇ | Prosper | 11/17/2025 | 36278 | 35918 | 36185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456893, 12.730%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 25035 | 24769 | 25008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456896, 10.580%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 24524 | 24269 | 24572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456956, 13.200%, 9/09/2029 †x◇ | Best Egg | 9/12/2024 | 20920 | 20576 | 20982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456982, 17.860%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 35838 | 35446 | 35553 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**41** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456985, 19.580%, 11/25/2030 †§x# | Prosper | 11/28/2025 | $34922 | $34540 | $34636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456988, 17.840%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 25010 | 24737 | 24811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2456991, 21.000%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24281 | 24015 | 23749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457125, 14.170%, 9/09/2029 †x◇ | Best Egg | 9/12/2024 | 19840 | 19510 | 20027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457207, 15.900%, 11/25/2028 †§x# | Prosper | 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457210, 12.580%, 11/25/2029 †§x# | Prosper | 11/28/2025 | 39005 | 38589 | 38891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457213, 12.250%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 31172 | 30848 | 31009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457216, 12.250%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 28835 | 28535 | 28684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457219, 14.400%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 28015 | 27715 | 27877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457222, 15.330%, 12/05/2030 †§x# | Prosper | 11/28/2025 | 28481 | 28176 | 28431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457225, 23.750%, 8/25/2029 †x# | Prosper | 11/28/2025 | 28000 | 27696 | 26444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457228, 14.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 26529 | 26241 | 26398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457231, 15.260%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 26433 | 26148 | 26216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457234, 23.210%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 26272 | 25982 | 25699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457237, 22.850%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 26264 | 25975 | 25691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457240, 23.160%, 11/30/2028 †§x# | Prosper | 11/28/2025 | 25716 | 25448 | 25441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457243, 13.240%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 24210 | 23958 | 24081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457246, 19.450%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24249 | 23983 | 24050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457249, 16.160%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 23941 | 23684 | 23641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457251, 13.900%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 38206 | 37807 | 37999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457252, 14.450%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 21241 | 21010 | 21136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457255, 17.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 21283 | 21051 | 21115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457260, 14.160%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 38180 | 37766 | 37994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457263, 13.480%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 28467 | 28162 | 28272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457266, 21.850%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 31102 | 30760 | 30422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457269, 21.410%, 12/01/2030 †§x# | Prosper | 11/28/2025 | 30538 | 30209 | 30015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457272, 20.150%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 29116 | 28797 | 28477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457275, 12.150%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 27935 | 27634 | 27806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457278, 15.690%, 11/25/2030 †§x | Prosper | 11/28/2025 | 26985 | 26692 | 26695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457281, 23.210%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 26272 | 25982 | 25699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457284, 22.850%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 26264 | 25975 | 25691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457287, 22.330%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 25767 | 25483 | 25204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457290, 14.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24144 | 23882 | 24025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457296, 21.270%, 12/06/2030 †§x# | Prosper | 11/28/2025 | 20746 | 20521 | 20392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457376, 11.740%, 10/26/2029 †x | Best Egg | 9/13/2024 | 31446 | 31689 | 31471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457422, 10.790%, 9/10/2027 †x◇ | Best Egg | 9/13/2024 | 28374 | 27948 | 28506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457526, 11.100%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 48112 | 47612 | 48202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457532, 14.880%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 39602 | 39191 | 39305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457535, 14.750%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 31305 | 30980 | 31071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457538, 11.020%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 33676 | 33326 | 33440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457541, 15.430%, 11/13/2030 †x◇ | Prosper | 11/17/2025 | 23433 | 23183 | 23345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457573, 20.480%, 12/01/2028 †§x# | Prosper | 12/01/2025 | 20209 | 19999 | 20003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457605, 22.250%, 12/19/2030 †§x# | Prosper | 12/01/2025 | 31599 | 31256 | 31074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457608, 25.670%, 11/26/2030 †§x# | Prosper | 12/01/2025 | 25124 | 24845 | 24553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457611, 22.700%, 11/26/2030 †§x# | Prosper | 12/01/2025 | 22904 | 22651 | 22378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457663, 12.240%, 11/26/2030 †§x# | Prosper | 12/01/2025 | 25853 | 25573 | 25678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457825, 17.330%, 9/10/2029 †x | Best Egg | 9/13/2024 | 23919 | 24110 | 23801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2457862, 13.940%, 9/10/2029 †x | Best Egg | 9/13/2024 | 22942 | 23123 | 22891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458033, 10.500%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 48082 | 47581 | 48185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458036, 12.750%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 38555 | 38153 | 38285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458039, 12.850%, 11/14/2028 †x#◇ | Prosper | 11/18/2025 | 32217 | 31888 | 31877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458042, 15.880%, 11/15/2030 †x◇ | Prosper | 11/18/2025 | 33854 | 33493 | 33603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458045, 14.350%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 23867 | 23618 | 23695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458216, 17.340%, 9/10/2029 †x◇ | Best Egg | 9/13/2024 | 25045 | 24632 | 24906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458285, 16.980%, 10/21/2031 †x | Best Egg | 9/13/2024 | 26566 | 26798 | 26548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458345, 17.060%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 20809 | 20593 | 20652 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**42** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458348, 16.330%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | $25631 | $25365 | $25440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458354, 14.880%, 11/14/2030 †x◇ | Prosper | 11/18/2025 | 24147 | 23896 | 23972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458365, 9.380%, 12/09/2030 †§x# | Prosper | 12/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458368, 8.000%, 11/28/2028 †§x# | Prosper | 12/02/2025 | 20662 | 20449 | 20618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458370, 8.000%, 11/28/2030 †§x# | Prosper | 12/02/2025 | 48592 | 48074 | 48765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458534, 11.990%, 9/10/2029 †x | Best Egg | 9/13/2024 | 24893 | 25085 | 24909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458585, 9.860%, 11/17/2029 †x◇ | Prosper | 11/19/2025 | 47427 | 46936 | 47346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458588, 15.110%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 40093 | 39671 | 39826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458591, 13.050%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 38170 | 37784 | 37905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458594, 11.000%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 37645 | 37249 | 37738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458597, 10.450%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 38464 | 38059 | 38564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458600, 12.010%, 11/17/2028 †x◇ | Prosper | 11/19/2025 | 36266 | 35900 | 36190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458603, 12.480%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 26981 | 26697 | 27039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458606, 14.200%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 24131 | 23877 | 23973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458609, 14.250%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 23334 | 23089 | 23181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458612, 17.780%, 11/17/2030 †x◇ | Prosper | 11/19/2025 | 24213 | 23958 | 24043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458769, 15.460%, 9/10/2029 †x | Best Egg | 9/13/2024 | 23680 | 23867 | 23657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458816, 12.100%, 9/10/2031 †x | Best Egg | 9/13/2024 | 42962 | 43332 | 42941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2458895, 15.150%, 11/10/2029 †x | Best Egg | 9/13/2024 | 22317 | 21949 | 22408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459014, 9.530%, 1/16/2030 †x# | Best Egg | 9/19/2024 | 24197 | 24385 | 24321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459134, 9.500%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 41762 | 41321 | 41886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459137, 10.960%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 36223 | 35857 | 36155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459140, 14.750%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 34768 | 34400 | 34545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459143, 21.110%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 35940 | 35558 | 35555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459146, 10.950%, 11/18/2029 †x◇ | Prosper | 11/20/2025 | 31339 | 31013 | 31285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459149, 10.050%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 24991 | 24727 | 25062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459152, 17.050%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 23229 | 22983 | 22996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459155, 19.750%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 34928 | 34557 | 34562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459158, 16.750%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 23222 | 22977 | 22990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459161, 19.450%, 11/22/2030 †x◇ | Prosper | 11/20/2025 | 23330 | 23080 | 23088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459164, 21.110%, 12/01/2030 †x#◇ | Prosper | 11/20/2025 | 28794 | 28484 | 28644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459190, 20.940%, 8/11/2029 †x◇ | Best Egg | 9/16/2024 | 23822 | 23426 | 23390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459344, 11.100%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 37126 | 36734 | 37223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459350, 10.500%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 39427 | 39011 | 39535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459353, 11.500%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 33480 | 33126 | 33564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459359, 13.550%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 26210 | 25933 | 26264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459551, 19.120%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 35878 | 35498 | 35506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459554, 8.000%, 11/18/2028 †x◇ | Prosper | 11/20/2025 | 46283 | 45815 | 46168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459557, 10.150%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 28839 | 28534 | 28960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459566, 19.330%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 20248 | 20033 | 20037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459583, 16.600%, 9/11/2029 †x◇ | Best Egg | 9/16/2024 | 25812 | 25387 | 25610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459606, 17.560%, 9/11/2029 †x◇ | Best Egg | 9/16/2024 | 31930 | 31404 | 31674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459813, 14.660%, 9/11/2029 †x◇ | Best Egg | 9/16/2024 | 36937 | 36329 | 36607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459836, 10.500%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 37504 | 37108 | 37659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459845, 8.000%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 23976 | 23724 | 24087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459851, 9.880%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 48051 | 47544 | 48255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2459965, 9.990%, 11/18/2030 †x◇ | Prosper | 11/20/2025 | 29314 | 29005 | 29398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460289, 11.960%, 9/11/2031 †x | Best Egg | 9/16/2024 | 41214 | 41568 | 41362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460436, 21.800%, 11/19/2030 †§x | Prosper | 11/21/2025 | 29157 | 28846 | 28448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460548, 22.870%, 9/11/2029 †x◇ | Best Egg | 9/16/2024 | 26438 | 26000 | 25957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460799, 10.550%, 11/20/2030 †§x | Prosper | 11/24/2025 | 41808 | 41365 | 41935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460802, 11.860%, 11/20/2028 †§x | Prosper | 11/24/2025 | 36260 | 35890 | 36196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460805, 13.280%, 11/20/2030 †§x | Prosper | 11/24/2025 | 39540 | 39119 | 39310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460808, 10.960%, 11/20/2028 †§x | Prosper | 11/24/2025 | 36223 | 35854 | 36163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460809, 13.210%, 9/12/2029 †x◇ | Best Egg | 9/16/2024 | 37028 | 36419 | 36867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460811, 14.580%, 11/20/2030 †§x | Prosper | 11/24/2025 | 37135 | 36739 | 36913 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**43** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460814, 15.750%, 11/20/2030 †§x | Prosper | 11/24/2025 | $34801 | $34430 | $34588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460817, 15.750%, 11/20/2030 †§x | Prosper | 11/24/2025 | 31901 | 31561 | 31706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460823, 10.580%, 11/20/2030 †§x# | Prosper | 11/24/2025 | 28017 | 27718 | 28028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460826, 16.200%, 11/20/2030 †§x | Prosper | 11/24/2025 | 28046 | 27747 | 27873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460829, 14.350%, 11/20/2030 †§x | Prosper | 11/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460832, 15.900%, 11/20/2030 †§x | Prosper | 11/24/2025 | 24171 | 23913 | 24022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460835, 12.380%, 11/20/2030 †§x | Prosper | 11/24/2025 | 23606 | 23355 | 23471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460838, 15.060%, 11/20/2028 †§x | Prosper | 11/24/2025 | 20504 | 20294 | 20369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460841, 14.750%, 11/20/2030 †§x | Prosper | 11/24/2025 | 20993 | 20769 | 21036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460920, 12.230%, 9/12/2029 †x | Best Egg | 9/16/2024 | 30833 | 31072 | 30859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461310, 8.820%, 9/12/2029 †x | Best Egg | 9/16/2024 | 29792 | 30018 | 29822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461417, 10.700%, 11/21/2029 †§x | Prosper | 11/25/2025 | 47471 | 46973 | 47402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461423, 13.250%, 11/21/2030 †§x | Prosper | 11/25/2025 | 39558 | 39135 | 39336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461426, 14.450%, 11/21/2030 †§x | Prosper | 11/25/2025 | 34758 | 34386 | 34558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461429, 8.590%, 11/21/2030 †§x | Prosper | 11/25/2025 | 37027 | 36634 | 37202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461432, 11.260%, 11/21/2028 †§x | Prosper | 11/25/2025 | 32519 | 32186 | 32468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461435, 9.990%, 11/21/2030 †§x | Prosper | 11/25/2025 | 29795 | 29478 | 29893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461438, 10.060%, 11/21/2028 †§x | Prosper | 11/25/2025 | 25715 | 25452 | 25677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461440, 6.820%, 10/16/2029 †x◇ | Best Egg | 9/16/2024 | 22530 | 22162 | 22689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461441, 18.080%, 11/21/2030 †§x | Prosper | 11/25/2025 | 25188 | 24918 | 25032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461444, 16.430%, 11/21/2030 †§x | Prosper | 11/25/2025 | 24183 | 23924 | 24038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461447, 9.380%, 11/21/2030 †§x | Prosper | 11/25/2025 | 21131 | 20906 | 21228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461450, 10.580%, 11/21/2030 †§x | Prosper | 11/25/2025 | 20905 | 20682 | 20971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461505, 6.820%, 10/16/2029 †x◇ | Best Egg | 9/16/2024 | 37550 | 36936 | 37328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461603, 20.480%, 11/24/2030 †§x | Prosper | 11/26/2025 | 39804 | 39369 | 39459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461606, 8.000%, 11/24/2030 †§x# | Prosper | 11/26/2025 | 27000 | 26713 | 27064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461609, 20.660%, 11/24/2030 †§x | Prosper | 11/26/2025 | 31071 | 30732 | 30377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461612, 19.650%, 11/24/2030 †§x | Prosper | 11/26/2025 | 31044 | 30706 | 30349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461615, 21.660%, 11/24/2029 †§x | Prosper | 11/26/2025 | 29277 | 28960 | 29045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461618, 8.610%, 11/24/2028 †§x | Prosper | 11/26/2025 | 20842 | 20627 | 20796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461621, 19.750%, 11/24/2030 †§x | Prosper | 11/26/2025 | 20479 | 20258 | 20304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461739, 14.900%, 9/12/2029 †x | Best Egg | 9/16/2024 | 38132 | 38432 | 38153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461870, 22.910%, 11/24/2030 †§x | Prosper | 11/26/2025 | 28211 | 27902 | 27584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2461873, 17.420%, 11/24/2030 †§x | Prosper | 11/26/2025 | 22873 | 22624 | 22685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462152, 10.500%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 39427 | 39003 | 39576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462155, 20.250%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 26267 | 25989 | 25884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462158, 13.800%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 34809 | 34445 | 34621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462161, 12.240%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 27938 | 27636 | 27808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462301, 7.260%, 10/26/2029 †x | Best Egg | 9/18/2024 | 20374 | 20528 | 20373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462341, 11.100%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 37046 | 36647 | 37181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462344, 9.650%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 33627 | 33266 | 33761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462347, 10.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 33454 | 33093 | 33578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462350, 17.460%, 11/25/2029 †§x# | Prosper | 11/28/2025 | 31516 | 31176 | 31289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462353, 9.620%, 12/03/2029 †§x# | Prosper | 11/28/2025 | 21294 | 21070 | 21300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462356, 18.220%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 20595 | 20378 | 20460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462359, 11.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 20058 | 19844 | 20076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462537, 6.730%, 9/15/2031 †x | Best Egg | 9/18/2024 | 30009 | 30260 | 30132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462617, 17.350%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 38347 | 37944 | 38099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462620, 17.640%, 12/01/2030 †§x# | Prosper | 11/28/2025 | 35284 | 34903 | 34824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462623, 20.560%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 31069 | 30728 | 30387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462626, 21.250%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 31087 | 30745 | 30406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462629, 19.850%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24257 | 23992 | 23724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462632, 19.170%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24243 | 23978 | 24046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462635, 18.730%, 12/18/2030 †§x# | Prosper | 11/28/2025 | 21747 | 21509 | 21691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462699, 19.980%, 10/26/2029 †x#◇ | Best Egg | 9/18/2024 | 22576 | 22197 | 22445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462812, 15.500%, 11/25/2028 †§x# | Prosper | 11/28/2025 | 34483 | 34128 | 34291 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**44** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462815, 13.540%, 11/25/2030 †§x# | Prosper | 11/28/2025 | $34727 | $34351 | $34560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462818, 13.000%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 30191 | 29865 | 30048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462821, 12.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 28595 | 28286 | 28461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462824, 21.260%, 11/25/2030 †§x# | Prosper | 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462827, 22.390%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 25768 | 25484 | 25205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462830, 14.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 25468 | 25192 | 25342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462833, 13.280%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24109 | 23849 | 23995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462836, 24.180%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 24345 | 24076 | 23815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462839, 13.500%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 23210 | 22962 | 23023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462842, 20.750%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 23305 | 23049 | 23110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462845, 18.250%, 11/25/2030 †§x# | Prosper | 11/28/2025 | 23254 | 23000 | 23068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2462993, 9.760%, 9/15/2029 †x | Best Egg | 9/18/2024 | 38197 | 38488 | 38183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463017, 18.870%, 9/15/2027 †x◇ | Best Egg | 9/18/2024 | 21243 | 20920 | 21120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463222, 18.530%, 10/26/2029 †x◇ | Best Egg | 9/18/2024 | 40436 | 39753 | 40117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463295, 8.290%, 8/15/2029 †x#◇ | Best Egg | 9/18/2024 | 21000 | 20656 | 20890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463297, 13.730%, 11/15/2027 †x | Best Egg | 9/18/2024 | 22075 | 22205 | 22069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463322, 10.540%, 9/15/2029 †x | Best Egg | 9/18/2024 | 38170 | 38462 | 38118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463383, 15.390%, 11/15/2029 †x | Best Egg | 9/18/2024 | 23671 | 23860 | 23690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463408, 8.820%, 9/15/2029 †x | Best Egg | 9/18/2024 | 37980 | 38267 | 38026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463460, 14.960%, 9/15/2031 †x | Best Egg | 9/18/2024 | 21794 | 21985 | 21870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463720, 11.770%, 9/18/2027 †x | Best Egg | 9/18/2024 | 21400 | 21520 | 21395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463795, 17.730%, 10/18/2028 †x◇ | Best Egg | 9/18/2024 | 26073 | 25651 | 26070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463973, 9.840%, 11/28/2030 †§x# | Prosper | 12/02/2025 | 46752 | 46251 | 46951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2463976, 8.000%, 11/28/2028 †§x# | Prosper | 12/02/2025 | 22728 | 22493 | 22680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2464051, 14.180%, 9/15/2029 †x◇ | Best Egg | 9/18/2024 | 39190 | 38545 | 38929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2464174, 13.730%, 9/15/2027 †x | Best Egg | 9/18/2024 | 26597 | 26749 | 26586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2464386, 13.690%, 10/26/2029 †x◇ | Best Egg | 9/18/2024 | 33168 | 32621 | 32889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2464702, 4.310%, 9/15/2027 †x | Best Egg | 9/18/2024 | 23110 | 23232 | 23193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2464911, 16.360%, 9/15/2029 †x | Best Egg | 9/18/2024 | 22212 | 22389 | 22172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2464956, 11.300%, 10/26/2028 †x#◇ | Best Egg | 9/18/2024 | 31447 | 30940 | 31969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2465159, 6.820%, 11/16/2029 †x | Best Egg | 9/19/2024 | 27720 | 27266 | 27963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2465272, 5.100%, 9/26/2027 †x | Best Egg | 9/19/2024 | 25522 | 25664 | 25608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2465425, 14.050%, 10/16/2031 †x | Best Egg | 9/19/2024 | 35675 | 35993 | 35839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2465702, 10.020%, 9/16/2029 †x | Best Egg | 9/19/2024 | 21042 | 21202 | 21067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2465764, 10.280%, 9/16/2029 †x#◇ | Best Egg | 9/19/2024 | 34132 | 33571 | 34297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2465861, 11.740%, 9/16/2029 †x◇ | Best Egg | 9/19/2024 | 27054 | 26610 | 26982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466121, 11.490%, 9/16/2029 †x | Best Egg | 9/19/2024 | 38596 | 38895 | 38639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466158, 11.970%, 9/16/2029 †x◇ | Best Egg | 9/19/2024 | 23151 | 22771 | 23078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466189, 11.650%, 9/16/2027 †x◇ | Best Egg | 9/19/2024 | 22824 | 22480 | 23040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466334, 10.280%, 9/16/2029 †x | Best Egg | 9/19/2024 | 21074 | 21235 | 21099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466389, 10.020%, 2/16/2030 †x# | Best Egg | 9/19/2024 | 31384 | 31625 | 31466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466602, 13.690%, 9/16/2029 †x◇ | Best Egg | 9/19/2024 | 20167 | 19835 | 20380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466677, 7.800%, 9/16/2029 †x◇ | Best Egg | 9/19/2024 | 37741 | 37124 | 37543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466801, 15.870%, 9/16/2029 †x◇ | Best Egg | 9/19/2024 | 21379 | 21027 | 21288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2466850, 18.060%, 9/16/2029 †x◇ | Best Egg | 9/19/2024 | 40017 | 39357 | 39359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2467072, 14.080%, 9/17/2028 †x◇ | Best Egg | 9/20/2024 | 35374 | 34808 | 35957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2467103, 13.690%, 10/21/2029 †x◇ | Best Egg | 9/20/2024 | 39168 | 38521 | 38913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2467385, 20.940%, 9/17/2029 †x◇ | Best Egg | 9/20/2024 | 40604 | 39932 | 40370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2467522, 7.360%, 9/17/2029 †x | Best Egg | 9/20/2024 | 21453 | 21614 | 21484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2467834, 9.760%, 9/17/2029 †x | Best Egg | 9/20/2024 | 38201 | 38494 | 38191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2467851, 14.660%, 10/17/2029 †x◇ | Best Egg | 9/20/2024 | 39385 | 38736 | 39858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2467943, 14.660%, 9/17/2029 †x◇ | Best Egg | 9/20/2024 | 27506 | 27054 | 27800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468736, 8.890%, 12/17/2030 †§x | Prosper | 12/19/2025 | 48680 | 48160 | 48570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468739, 8.760%, 12/17/2030 †§x | Prosper | 12/19/2025 | 41263 | 40823 | 41171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468742, 10.530%, 12/17/2030 †§x | Prosper | 12/19/2025 | 31782 | 31442 | 31630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468745, 8.890%, 12/17/2030 †§x# | Prosper | 12/19/2025 | 31583 | 31246 | 31484 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**45** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468751, 11.360%, 12/17/2030 †§x | Prosper | 12/19/2025 | $34137 | $33771 | $33971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468754, 8.260%, 12/17/2028 †§x | Prosper | 12/19/2025 | 29972 | 29662 | 29911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468757, 11.550%, 12/17/2030 †§x | Prosper | 12/19/2025 | 31703 | 31363 | 31548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468760, 8.000%, 12/17/2030 †§x | Prosper | 12/19/2025 | 27242 | 26952 | 27183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468763, 11.540%, 12/20/2030 †§x | Prosper | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468766, 11.360%, 12/17/2030 †§x | Prosper | 12/19/2025 | 26334 | 26052 | 26206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468769, 9.940%, 12/17/2030 †§x | Prosper | 12/19/2025 | 23153 | 22906 | 22982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2468982, 31.940%, 9/18/2029 †x◇ | Best Egg | 9/23/2024 | 25572 | 25146 | 24785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469023, 8.460%, 12/17/2030 †§x | Prosper | 12/19/2025 | 46717 | 46219 | 46614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469026, 10.870%, 12/17/2030 †§x | Prosper | 12/19/2025 | 48750 | 48228 | 48515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469029, 10.500%, 12/17/2030 †§x | Prosper | 12/19/2025 | 46787 | 46287 | 46564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469035, 10.980%, 12/17/2030 †§x | Prosper | 12/19/2025 | 29252 | 28939 | 29111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469035, 4.310%, 9/18/2027 †x | Best Egg | 9/23/2024 | 27188 | 27333 | 27291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469038, 9.800%, 12/17/2028 †§x | Prosper | 12/19/2025 | 34276 | 33920 | 34157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469041, 8.950%, 12/17/2030 †§x | Prosper | 12/19/2025 | 29209 | 28897 | 29143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469044, 10.640%, 12/17/2030 †§x | Prosper | 12/19/2025 | 23396 | 23146 | 23284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469047, 9.880%, 12/17/2030 †§x | Prosper | 12/19/2025 | 22409 | 22169 | 22303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469050, 10.410%, 12/17/2030 †§x | Prosper | 12/19/2025 | 23392 | 23142 | 23281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469053, 11.550%, 12/17/2030 †§x | Prosper | 12/19/2025 | 21203 | 20977 | 21100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469123, 3.620%, 9/18/2027 †x | Best Egg | 9/23/2024 | 25235 | 25370 | 25324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469153, 18.980%, 12/18/2030 †§x | Prosper | 12/22/2025 | 35778 | 35390 | 35405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469156, 17.250%, 12/18/2030 †§x | Prosper | 12/22/2025 | 31334 | 30995 | 31011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469159, 17.710%, 12/18/2030 †§x | Prosper | 12/22/2025 | 26905 | 26614 | 26627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469204, 18.050%, 9/18/2029 †x◇ | Best Egg | 9/23/2024 | 21941 | 21579 | 21784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469295, 23.240%, 9/18/2029 †x◇ | Best Egg | 9/23/2024 | 39722 | 39063 | 38419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469445, 14.470%, 9/18/2031 †x | Best Egg | 9/23/2024 | 43484 | 43864 | 43475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469455, 18.910%, 12/18/2028 †§x | Prosper | 12/22/2025 | 28757 | 28454 | 28513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469470, 12.480%, 11/18/2029 †x | Best Egg | 9/23/2024 | 20964 | 21129 | 21006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469595, 11.340%, 9/18/2029 †x | Best Egg | 9/23/2024 | 22364 | 22536 | 22337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2469842, 12.370%, 9/18/2029 †x◇ | Best Egg | 9/23/2024 | 37453 | 36838 | 37333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470101, 22.430%, 9/18/2029 †x◇ | Best Egg | 9/23/2024 | 40898 | 40220 | 39543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470143, 10.410%, 12/19/2030 †§x | Prosper | 12/23/2025 | 33626 | 33265 | 33475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470146, 10.940%, 12/19/2030 †§x | Prosper | 12/23/2025 | 29739 | 29419 | 29604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470149, 10.410%, 12/19/2030 †§x | Prosper | 12/23/2025 | 40936 | 40496 | 40752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470155, 11.200%, 12/19/2030 †§x | Prosper | 12/23/2025 | 36037 | 35649 | 35872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470258, 16.120%, 9/18/2029 †x◇ | Best Egg | 9/23/2024 | 39609 | 38956 | 40013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470279, 23.880%, 9/18/2029 †x◇ | Best Egg | 9/23/2024 | 41177 | 40494 | 39817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470355, 11.620%, 12/19/2030 †§x | Prosper | 12/23/2025 | 41947 | 41495 | 41754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470420, 9.530%, 9/18/2029 †x | Best Egg | 9/23/2024 | 25845 | 26042 | 25841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470794, 10.500%, 1/15/2031 †x#◇ | Prosper | 12/24/2025 | 43940 | 43464 | 43876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470797, 8.070%, 12/22/2030 †x | Prosper | 12/24/2025 | 48645 | 48120 | 48554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470800, 11.880%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 48785 | 48254 | 48579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470803, 8.360%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 42821 | 42359 | 42741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470806, 11.160%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 39008 | 38584 | 38845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470809, 10.910%, 1/01/2030 †x#◇ | Prosper | 12/24/2025 | 42755 | 42295 | 42703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470812, 10.500%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 34116 | 33746 | 33975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470815, 8.950%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 29696 | 29375 | 29639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470818, 15.330%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 33740 | 33371 | 33540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470821, 20.780%, 12/22/2028 †x◇ | Prosper | 12/24/2025 | 30737 | 30414 | 30447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470824, 13.560%, 12/31/2029 †x#◇ | Prosper | 12/24/2025 | 27563 | 27266 | 27511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470827, 17.080%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 27414 | 27113 | 27248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470830, 15.330%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 23471 | 23214 | 23332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470833, 22.330%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 23572 | 23312 | 23349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470836, 8.880%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 21692 | 21457 | 21605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470842, 19.440%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 20348 | 20124 | 20160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470875, 17.080%, 9/19/2029 †x◇ | Best Egg | 9/23/2024 | 33840 | 33282 | 33700 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**46** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471054, 14.910%, 11/01/2029 †x# | Best Egg | 9/23/2024 | $20554 | $20716 | $20524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471060, 10.410%, 12/22/2030 †x | Prosper | 12/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471063, 10.850%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 42916 | 42450 | 42738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471066, 14.800%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 41060 | 40611 | 40819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471069, 9.850%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 36535 | 36140 | 36387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471072, 24.730%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 31470 | 31124 | 31124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471075, 13.470%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 30051 | 29723 | 29877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471078, 21.750%, 12/22/2029 †x◇ | Prosper | 12/24/2025 | 29219 | 28898 | 28923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471081, 10.500%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 29242 | 28925 | 29122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471083, 11.280%, 9/19/2027 †x◇ | Best Egg | 9/23/2024 | 24139 | 23775 | 24271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471084, 10.160%, 12/22/2029 †x◇ | Prosper | 12/24/2025 | 27920 | 27625 | 27812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471087, 19.170%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 28430 | 28117 | 28168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471090, 21.160%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 26170 | 25882 | 25890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471093, 13.150%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 25752 | 25472 | 25604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471096, 8.000%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 25378 | 25105 | 25331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471102, 18.060%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 24002 | 23738 | 23783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471103, 9.870%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 28254 | 27949 | 28140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471105, 11.220%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 24378 | 24114 | 24277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471108, 21.950%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 22909 | 22657 | 22663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471111, 19.880%, 9/19/2028 †x◇ | Best Egg | 9/23/2024 | 21975 | 21621 | 22105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471111, 8.000%, 12/22/2028 †x◇ | Prosper | 12/24/2025 | 21867 | 21638 | 21829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471114, 8.760%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 22390 | 22149 | 22348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471117, 8.370%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 22384 | 22142 | 22342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471120, 10.550%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 21718 | 21483 | 21629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471123, 12.920%, 12/22/2029 †x◇ | Prosper | 12/24/2025 | 21277 | 21047 | 21164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471126, 8.760%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 21161 | 20932 | 21120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471129, 15.940%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 21500 | 21264 | 21308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471194, 12.230%, 9/19/2029 †x◇ | Best Egg | 9/23/2024 | 24737 | 24331 | 25033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471196, 11.280%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 38682 | 38264 | 38585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471390, 10.980%, 12/22/2030 †x | Prosper | 12/24/2025 | 48754 | 48225 | 48551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471393, 10.980%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 20964 | 20737 | 20877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471406, 16.430%, 9/19/2029 †x | Best Egg | 9/23/2024 | 25168 | 25369 | 25194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471428, 17.490%, 9/19/2027 †x◇ | Best Egg | 9/23/2024 | 25349 | 24964 | 25556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471451, 11.200%, 9/19/2029 †x | Best Egg | 9/23/2024 | 23116 | 23294 | 23111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471484, 11.220%, 12/23/2030 †x | Prosper | 12/26/2025 | 48762 | 48231 | 48565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471487, 8.760%, 12/23/2030 †x | Prosper | 12/26/2025 | 48675 | 48148 | 48585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471493, 10.940%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 44364 | 43882 | 44186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471495, 11.040%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 35104 | 34722 | 34963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471496, 11.040%, 12/23/2030 †x | Prosper | 12/26/2025 | 48756 | 48225 | 48560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471499, 8.070%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 33082 | 32724 | 33023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471502, 11.300%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 38159 | 37744 | 38005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471505, 8.360%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 26397 | 26116 | 26327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471508, 10.410%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 33109 | 32754 | 32887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471550, 17.330%, 12/23/2030 †§x | Prosper | 12/26/2025 | 38190 | 37770 | 37966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471553, 12.910%, 12/23/2030 †§x | Prosper | 12/26/2025 | 37103 | 36697 | 36898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471556, 20.930%, 12/23/2030 †§x | Prosper | 12/26/2025 | 22351 | 22105 | 22121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471559, 22.830%, 12/23/2030 †§x | Prosper | 12/26/2025 | 21829 | 21589 | 21602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471562, 26.200%, 12/23/2030 †§x | Prosper | 12/26/2025 | 21869 | 21628 | 21635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471565, 15.580%, 12/23/2030 †§x | Prosper | 12/26/2025 | 21495 | 21259 | 21372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471568, 15.600%, 12/23/2030 †§x | Prosper | 12/26/2025 | 21495 | 21259 | 21372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471571, 13.220%, 12/23/2029 †§x | Prosper | 12/26/2025 | 21281 | 21051 | 21172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471577, 12.450%, 12/23/2030 †§x | Prosper | 12/26/2025 | 21450 | 21216 | 21332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471585, 15.140%, 9/19/2029 †x◇ | Best Egg | 9/23/2024 | 27579 | 27125 | 27472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471760, 14.200%, 9/19/2027 †x◇ | Best Egg | 9/23/2024 | 26091 | 25696 | 26124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471765, 9.850%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 43355 | 42885 | 43185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471768, 9.450%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 42343 | 41884 | 42263 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**47** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471771, 10.980%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | $30203 | $29874 | $30081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471774, 9.870%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 30690 | 30357 | 30570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471777, 10.170%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 35082 | 34701 | 34943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471780, 11.040%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471783, 12.080%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 24884 | 24612 | 24782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471789, 11.160%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 30231 | 29902 | 30109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471795, 8.330%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 28314 | 28011 | 28285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471796, 8.400%, 9/19/2029 †x | Best Egg | 9/23/2024 | 26517 | 26718 | 26558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471811, 24.140%, 12/23/2030 †§x | Prosper | 12/26/2025 | 29494 | 29170 | 29183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471867, 14.340%, 12/23/2030 †§x | Prosper | 12/26/2025 | 38605 | 38181 | 38387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471870, 13.370%, 12/23/2030 †§x | Prosper | 12/26/2025 | 36626 | 36225 | 36422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471871, 19.670%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 40206 | 39764 | 39847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471873, 13.470%, 12/23/2030 †§x | Prosper | 12/26/2025 | 35163 | 34779 | 34967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471874, 8.760%, 1/01/2031 †x#◇ | Prosper | 12/26/2025 | 45045 | 44557 | 45006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471876, 12.650%, 12/23/2030 †§x | Prosper | 12/26/2025 | 29286 | 28966 | 29125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471877, 13.600%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 28980 | 28663 | 28818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471879, 13.750%, 1/09/2031 †§x# | Prosper | 12/26/2025 | 30150 | 29820 | 30090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471882, 16.050%, 12/23/2030 †§x | Prosper | 12/26/2025 | 29353 | 29030 | 29183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471883, 13.880%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 23449 | 23192 | 23349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471885, 20.380%, 12/23/2030 †§x | Prosper | 12/26/2025 | 28941 | 28622 | 28681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471886, 14.350%, 1/01/2031 †x#◇ | Prosper | 12/26/2025 | 23730 | 23470 | 23680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471888, 21.280%, 12/23/2030 †§x | Prosper | 12/26/2025 | 27368 | 27072 | 26968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471889, 8.700%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 25577 | 25303 | 25550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471891, 23.440%, 12/23/2030 †§x | Prosper | 12/26/2025 | 27296 | 26996 | 27010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471892, 9.880%, 1/16/2031 †x#◇ | Prosper | 12/26/2025 | 23604 | 23348 | 23575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471894, 15.380%, 12/23/2027 †§x | Prosper | 12/26/2025 | 21351 | 21129 | 21259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471895, 8.070%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 20832 | 20610 | 20776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471897, 23.660%, 12/23/2030 †§x | Prosper | 12/26/2025 | 21841 | 21605 | 21612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471928, 18.820%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 38232 | 37811 | 37893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471937, 11.360%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 46328 | 45824 | 46141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471940, 13.690%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 36634 | 36233 | 36429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2471943, 12.810%, 12/23/2028 †x◇ | Prosper | 12/26/2025 | 38172 | 37766 | 37951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472146, 8.070%, 12/23/2030 †x | Prosper | 12/26/2025 | 47677 | 47162 | 47591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472149, 11.540%, 12/23/2030 †x#◇ | Prosper | 12/26/2025 | 46028 | 45536 | 45717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472152, 12.270%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 46190 | 45693 | 45880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472155, 11.160%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 39008 | 38583 | 38851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472158, 13.950%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 38106 | 37688 | 37892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472161, 12.200%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 35133 | 34749 | 34988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472164, 12.320%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 32708 | 32351 | 32529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472167, 10.500%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 33900 | 33532 | 33765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472170, 10.640%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 29245 | 28927 | 29128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472173, 8.710%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 29204 | 28888 | 29150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472176, 12.080%, 12/23/2030 †x#◇ | Prosper | 12/26/2025 | 26469 | 26186 | 26290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472179, 15.110%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 26890 | 26595 | 26737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472248, 9.640%, 12/23/2030 †x | Prosper | 12/26/2025 | 48706 | 48178 | 48613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472261, 15.150%, 9/19/2029 †x◇ | Best Egg | 9/23/2024 | 37861 | 37259 | 38256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472266, 20.060%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 29188 | 28867 | 28973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472269, 15.360%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 26671 | 26381 | 26530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472273, 10.500%, 12/23/2030 †x | Prosper | 12/26/2025 | 48737 | 48207 | 48543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472279, 11.540%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 39226 | 38799 | 39067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472281, 14.360%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 23261 | 23008 | 23139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472282, 8.300%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 33574 | 33211 | 33513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472285, 8.000%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 24113 | 23855 | 24089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472287, 10.940%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 35102 | 34720 | 34961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472288, 12.000%, 12/23/2028 †x◇ | Prosper | 12/26/2025 | 21459 | 21231 | 21394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472291, 10.500%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 23391 | 23141 | 23298 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**48** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472294, 11.540%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | $20143 | $19924 | $20061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472296, 10.410%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 34959 | 34579 | 34727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472302, 21.090%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 27498 | 27202 | 27250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472396, 12.960%, 9/19/2029 †x# | Best Egg | 9/23/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472489, 15.480%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 42057 | 41594 | 41825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472510, 11.360%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 37550 | 37140 | 37404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472514, 20.740%, 1/22/2032 †x# | Best Egg | 9/25/2024 | 23417 | 23626 | 23330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472533, 10.980%, 12/23/2030 †x | Prosper | 12/26/2025 | 48754 | 48223 | 48558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472536, 8.860%, 12/23/2030 †x | Prosper | 12/26/2025 | 47615 | 47100 | 47432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472537, 18.300%, 10/25/2029 †x | Best Egg | 9/25/2024 | 32130 | 32391 | 32008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472539, 10.550%, 12/23/2028 †x◇ | Prosper | 12/26/2025 | 30961 | 30633 | 30871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472542, 8.860%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 24337 | 24073 | 24243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472545, 11.210%, 12/23/2028 †x◇ | Prosper | 12/26/2025 | 38126 | 37721 | 38013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472545, 20.460%, 9/22/2029 †x◇ | Best Egg | 9/25/2024 | 32748 | 32209 | 31650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472548, 9.870%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 21178 | 20948 | 21095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472551, 11.830%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 23218 | 22968 | 23159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472585, 9.450%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 39934 | 39500 | 39783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472588, 9.870%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 42356 | 41895 | 42195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472591, 19.210%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 40195 | 39753 | 39850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472594, 14.290%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 31982 | 31633 | 31820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472597, 19.790%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 28440 | 28127 | 28163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472600, 13.690%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 25888 | 25604 | 25749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472603, 9.850%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 27531 | 27231 | 27426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472606, 18.230%, 12/24/2028 †x◇ | Prosper | 12/29/2025 | 23953 | 23693 | 23789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472609, 15.360%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 24247 | 23982 | 24122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472612, 11.830%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 27088 | 26795 | 27022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472615, 18.630%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 26460 | 26169 | 26234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472618, 17.780%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 22063 | 21821 | 21876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472621, 10.850%, 12/31/2030 †x#◇ | Prosper | 12/29/2025 | 21466 | 21232 | 21440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472624, 10.500%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 20658 | 20433 | 20579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472627, 10.980%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 20476 | 20253 | 20397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472630, 23.050%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 20740 | 20512 | 20532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472813, 9.850%, 12/24/2030 †§x | Prosper | 12/29/2025 | 30203 | 29874 | 30088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472822, 8.560%, 9/22/2029 †x | Best Egg | 9/25/2024 | 20173 | 20326 | 20207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472826, 15.150%, 9/22/2029 †x◇ | Best Egg | 9/25/2024 | 20117 | 19786 | 20341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472857, 11.540%, 12/24/2030 †x | Prosper | 12/29/2025 | 47707 | 47186 | 47520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472860, 9.450%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 32816 | 32459 | 32692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472863, 12.080%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 33666 | 33298 | 33533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472866, 18.590%, 12/24/2027 †x◇ | Prosper | 12/29/2025 | 30245 | 29926 | 30037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472869, 13.670%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 30284 | 29951 | 30121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472872, 14.920%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 29087 | 28769 | 28938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472875, 25.070%, 12/24/2030 †x# | Prosper | 12/29/2025 | 29757 | 29430 | 23051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472878, 20.380%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 26488 | 26197 | 26258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472881, 19.660%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 25496 | 25216 | 25276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472884, 10.790%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 23201 | 22950 | 23145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472887, 22.810%, 12/24/2029 †x#◇ | Prosper | 12/29/2025 | 22968 | 22721 | 22606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472890, 15.780%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 23478 | 23220 | 23348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472893, 9.480%, 12/24/2030 †x#◇ | Prosper | 12/29/2025 | 22692 | 22449 | 22577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472896, 21.160%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 23556 | 23297 | 23323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472899, 14.160%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 21987 | 21745 | 21868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472902, 18.190%, 12/24/2028 †x◇ | Prosper | 12/29/2025 | 21078 | 20849 | 20934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472905, 9.790%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 20459 | 20236 | 20381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472930, 14.910%, 9/22/2029 †x | Best Egg | 9/25/2024 | 35414 | 35694 | 35376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472932, 15.880%, 9/22/2029 †x◇ | Best Egg | 9/25/2024 | 39557 | 38905 | 39317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472942, 8.900%, 12/24/2028 †x◇ | Prosper | 12/29/2025 | 47571 | 47068 | 47489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472945, 14.650%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 32222 | 31868 | 32047 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**49** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472946, 11.000%, 9/22/2029 †x | Best Egg | 9/25/2024 | $23858 | $24042 | $23895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472948, 13.910%, 1/22/2029 †x#◇ | Prosper | 12/29/2025 | 27571 | 27282 | 27319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472951, 8.300%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 30168 | 29841 | 30116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472954, 9.200%, 12/31/2030 †x#◇ | Prosper | 12/29/2025 | 27814 | 27517 | 27762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472957, 15.360%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 26186 | 25900 | 26052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472960, 19.170%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 21567 | 21330 | 21382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2472966, 8.760%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473142, 19.380%, 9/22/2031 †x | Best Egg | 9/25/2024 | 26685 | 26924 | 26673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473153, 10.540%, 9/22/2029 †x | Best Egg | 9/25/2024 | 38376 | 38671 | 38349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473178, 8.760%, 12/24/2030 †x | Prosper | 12/29/2025 | 48675 | 48147 | 48588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473184, 13.470%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 42001 | 41539 | 41775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473187, 8.020%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 46304 | 45807 | 46258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473190, 8.070%, 12/24/2030 †x | Prosper | 12/29/2025 | 48645 | 48118 | 48561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473193, 19.890%, 12/24/2030 †x# | Prosper | 12/29/2025 | 40609 | 40162 | 31170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473196, 19.050%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 32839 | 32478 | 32557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473199, 19.490%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 39221 | 38790 | 38883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473202, 14.350%, 12/24/2028 †x◇ | Prosper | 12/29/2025 | 28662 | 28355 | 28499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473205, 14.340%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 26847 | 26552 | 26701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473208, 14.060%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 23452 | 23194 | 23325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473211, 17.430%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 26901 | 26605 | 26748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473214, 17.240%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 21850 | 21610 | 21699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473374, 11.360%, 12/26/2030 †x# | Prosper | 12/30/2025 | 49386 | 48844 | 49113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473377, 9.870%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 26823 | 26530 | 26675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473383, 13.600%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 42505 | 42037 | 42182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473389, 10.980%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 24690 | 24419 | 24553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473392, 15.330%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 33913 | 33548 | 33614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473413, 9.850%, 12/26/2030 †§x# | Prosper | 12/30/2025 | 32577 | 32221 | 32398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473422, 4.650%, 9/22/2027 †x | Best Egg | 9/25/2024 | 24951 | 25086 | 25043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473456, 14.840%, 9/22/2031 †x | Best Egg | 9/25/2024 | 22914 | 23115 | 23000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473526, 10.940%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 32200 | 31847 | 32022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473529, 11.840%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 42479 | 42012 | 42158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473532, 14.540%, 12/26/2029 †x#◇ | Prosper | 12/30/2025 | 38412 | 37990 | 38116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473535, 9.630%, 12/26/2028 †x#◇ | Prosper | 12/30/2025 | 24890 | 24625 | 24799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473538, 13.150%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 21743 | 21504 | 21579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473541, 15.110%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 38034 | 37615 | 37744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473547, 13.690%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 21723 | 21484 | 21558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473566, 8.610%, 12/26/2028 †x#◇ | Prosper | 12/30/2025 | 26511 | 26229 | 26458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473571, 10.100%, 12/26/2030 †§x# | Prosper | 12/30/2025 | 22214 | 21971 | 22091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473599, 22.560%, 12/26/2028 †x#◇ | Prosper | 12/30/2025 | 24517 | 24247 | 24255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473602, 22.810%, 1/19/2030 †x#◇ | Prosper | 12/30/2025 | 27425 | 27124 | 27353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473605, 18.220%, 12/26/2028 †x#◇ | Prosper | 12/30/2025 | 37700 | 37287 | 37366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473649, 13.670%, 9/22/2029 †x◇ | Best Egg | 9/25/2024 | 39078 | 38435 | 38856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473659, 21.910%, 11/22/2029 †x# | Best Egg | 9/25/2024 | 22577 | 22202 | 22180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473739, 8.760%, 12/26/2030 †x# | Prosper | 12/30/2025 | 48847 | 48314 | 48753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473775, 20.550%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 31300 | 30960 | 30872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473778, 21.490%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 26755 | 26461 | 26430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473780, 7.350%, 9/22/2027 †x | Best Egg | 9/25/2024 | 22198 | 22320 | 22267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473781, 21.310%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 40626 | 40179 | 40140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473784, 18.550%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 24752 | 24479 | 24457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473787, 21.500%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 23782 | 23521 | 23493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473790, 24.240%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 29750 | 29423 | 29386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473796, 18.140%, 12/26/2029 †x#◇ | Prosper | 12/30/2025 | 24156 | 23890 | 23914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473805, 23.300%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 22817 | 22566 | 22519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473856, 10.990%, 12/26/2030 †§x# | Prosper | 12/30/2025 | 49380 | 48838 | 49107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473896, 8.460%, 12/29/2030 †x#◇ | Prosper | 12/31/2025 | 29107 | 28795 | 29048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473899, 8.590%, 1/01/2031 †x# | Prosper | 12/31/2025 | 49349 | 48818 | 49248 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**50** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473902, 22.260%, 12/29/2030 †x#◇ | Prosper | 12/31/2025 | $24778 | $24511 | $24451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473974, 15.630%, 9/22/2029 †x◇ | Best Egg | 9/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39504 | 38853 | 39658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2473995, 5.590%, 9/22/2027 †x | Best Egg | 9/25/2024 | 27424 | 27573 | 27529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474041, 13.110%, 9/22/2031 †x# | Best Egg | 9/25/2024 | 28782 | 29031 | 28893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474081, 21.760%, 12/29/2028 †x#◇ | Prosper | 12/31/2025 | 22943 | 22701 | 22682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474084, 8.000%, 12/29/2030 †x#◇ | Prosper | 12/31/2025 | 23695 | 23442 | 23619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474555, 7.390%, 9/22/2031 †x | Best Egg | 9/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474628, 12.750%, 12/30/2030 †§x# | Prosper | 1/02/2026 | 27670 | 27382 | 27501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474631, 14.060%, 12/30/2030 †§x# | Prosper | 1/02/2026 | 27188 | 26906 | 27021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474695, 13.450%, 11/22/2029 †x | Best Egg | 9/25/2024 | 24152 | 24342 | 24126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474735, 22.740%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 21808 | 21586 | 21519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474756, 19.600%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 28058 | 27770 | 27689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474780, 15.860%, 12/30/2030 †§x# | Prosper | 1/02/2026 | 38580 | 38181 | 38343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474786, 12.450%, 12/30/2030 †§x# | Prosper | 1/02/2026 | 20256 | 20045 | 20133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474830, 8.580%, 12/17/2030 †§x | Prosper | 12/19/2025 | 48668 | 48149 | 48560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474833, 11.540%, 12/17/2030 †§x | Prosper | 12/19/2025 | 46822 | 46321 | 46594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474836, 8.000%, 12/17/2030 †§x | Prosper | 12/19/2025 | 38068 | 37662 | 37985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474839, 8.890%, 12/17/2030 †§x | Prosper | 12/19/2025 | 35049 | 34675 | 34970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474842, 8.360%, 12/17/2030 †§x | Prosper | 12/19/2025 | 31732 | 31393 | 31661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474844, 8.590%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 49337 | 48820 | 49236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474845, 10.000%, 11/17/2031 †x# | Prosper | 12/19/2025 | 30000 | 29678 | 22932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474847, 14.860%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 34117 | 33764 | 33908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474848, 11.300%, 12/17/2030 †§x | Prosper | 12/19/2025 | 29259 | 28946 | 29117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474850, 21.990%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 31714 | 31390 | 31295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474851, 11.160%, 12/17/2030 †§x | Prosper | 12/19/2025 | 28281 | 27978 | 28144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474853, 28.310%, 12/30/2029 †x#◇ | Prosper | 1/02/2026 | 27470 | 27195 | 27175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474854, 8.460%, 12/17/2030 †§x | Prosper | 12/19/2025 | 23845 | 23591 | 23792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474857, 10.980%, 12/17/2030 †§x | Prosper | 12/19/2025 | 24377 | 24116 | 24259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2474860, 9.500%, 12/17/2030 †§x | Prosper | 12/19/2025 | 21149 | 20924 | 20992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475065, 20.920%, 12/30/2028 †x#◇ | Prosper | 1/02/2026 | 29404 | 29110 | 29068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475068, 22.450%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 24284 | 24037 | 23963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475196, 17.710%, 12/18/2030 †§x | Prosper | 12/22/2025 | 35260 | 34879 | 34896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475215, 13.450%, 9/22/2029 †x | Best Egg | 9/25/2024 | 27244 | 27457 | 27164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475266, 17.650%, 9/22/2027 †x | Best Egg | 9/25/2024 | 21949 | 22080 | 21921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475332, 8.000%, 12/30/2027 †x#◇ | Prosper | 1/02/2026 | 38463 | 38080 | 38431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475546, 8.000%, 12/30/2028 †§x# | Prosper | 1/02/2026 | 24914 | 24659 | 24876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475644, 8.000%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 29596 | 29285 | 29535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475650, 24.200%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 24296 | 24049 | 23973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475692, 8.510%, 12/30/2029 †§x# | Prosper | 1/02/2026 | 47164 | 46673 | 47121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2475695, 8.300%, 12/30/2030 †§x# | Prosper | 1/02/2026 | 26146 | 25871 | 26092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476259, 21.460%, 12/31/2030 †§x# | Prosper | 1/05/2026 | 21800 | 21453 | 21510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476918, 10.940%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 48752 | 48223 | 48550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476921, 10.500%, 12/22/2030 †x | Prosper | 12/24/2025 | 47672 | 47155 | 47476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476924, 8.590%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 45749 | 45255 | 45662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476927, 11.200%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 39009 | 38585 | 38846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476930, 14.860%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 39107 | 38679 | 38877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476933, 18.640%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 37241 | 36831 | 36899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476936, 9.480%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 35065 | 34685 | 34923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476939, 10.980%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 37053 | 36651 | 36899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476942, 8.000%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 35026 | 34648 | 34961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476945, 11.050%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 35104 | 34723 | 34958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476948, 10.550%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 33819 | 33455 | 33586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476951, 9.880%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 33885 | 33518 | 33747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476954, 13.190%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 34180 | 33807 | 33983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476954, 13.450%, 9/23/2029 †x◇ | Best Egg | 9/26/2024 | 33391 | 32841 | 33790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476957, 8.160%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 33571 | 33209 | 33508 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**51** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476960, 22.200%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | $31426 | $31081 | $31087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476963, 17.710%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 28894 | 28576 | 28631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476966, 20.130%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 29427 | 29103 | 29154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476969, 8.760%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 29205 | 28890 | 29149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476972, 15.470%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476975, 12.740%, 12/30/2030 †x◇ | Prosper | 12/24/2025 | 26837 | 26550 | 26683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476978, 11.220%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 25844 | 25563 | 25736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476984, 17.730%, 12/22/2028 †x◇ | Prosper | 12/24/2025 | 23365 | 23115 | 23103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476987, 23.340%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 24568 | 24297 | 24300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476990, 9.870%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 25943 | 25662 | 25838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476993, 11.220%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 23893 | 23634 | 23794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476996, 10.500%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 21444 | 21212 | 21356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2476999, 8.460%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 21156 | 20928 | 21116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477005, 25.360%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 21151 | 20919 | 20917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477239, 10.410%, 12/22/2030 †x◇ | Prosper | 12/24/2025 | 42902 | 42437 | 42726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477329, 11.300%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 31800 | 31453 | 31671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477332, 11.700%, 1/16/2031 †x#◇ | Prosper | 12/26/2025 | 28988 | 28672 | 28946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477584, 11.040%, 12/23/2030 †x | Prosper | 12/26/2025 | 48756 | 48225 | 48560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477587, 10.500%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 38989 | 38566 | 38834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477590, 10.300%, 1/01/2029 †x#◇ | Prosper | 12/26/2025 | 42445 | 41996 | 42394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477593, 11.360%, 12/23/2030 †x#◇ | Prosper | 12/26/2025 | 30584 | 30256 | 30376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477596, 10.640%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 29245 | 28927 | 29128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477599, 9.450%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 25732 | 25457 | 25661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477602, 11.040%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 25435 | 25158 | 25333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477641, 22.560%, 12/23/2030 †§x | Prosper | 12/26/2025 | 36434 | 36039 | 35894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477647, 20.810%, 12/23/2030 †§x | Prosper | 12/26/2025 | 31401 | 31056 | 31079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477650, 12.240%, 12/23/2030 †§x | Prosper | 12/26/2025 | 21447 | 21213 | 21329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 247769259, 15.600%, 9/12/2028 †§x | Upgrade | 9/15/2023 | 22968 | 22828 | 23411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477747, 5.900%, 5/25/2030 †x# | Best Egg | 9/27/2024 | 22418 | 22028 | 20251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477914, 8.360%, 12/23/2030 †x# | Prosper | 12/26/2025 | 48262 | 47747 | 47882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477917, 12.200%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 48795 | 48263 | 48595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477920, 11.220%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 48762 | 48231 | 48565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477923, 9.510%, 12/23/2030 †x | Prosper | 12/26/2025 | 48702 | 48174 | 48512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477926, 11.760%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 40292 | 39853 | 40128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477929, 10.940%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 39489 | 39060 | 39331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477932, 13.470%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 39710 | 39275 | 39489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477935, 8.890%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 35049 | 34670 | 34984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477938, 10.410%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 36546 | 36149 | 36401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477941, 8.710%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 32124 | 31777 | 32065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477944, 8.000%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 31723 | 31380 | 31666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477947, 12.270%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 29700 | 29376 | 29578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477950, 11.300%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 26500 | 26211 | 26393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477953, 14.960%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 24160 | 23894 | 23936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477956, 10.300%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 24158 | 23898 | 24100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477959, 19.890%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 21553 | 21316 | 21360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2477962, 8.590%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 21158 | 20929 | 21119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478001, 15.110%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 33735 | 33365 | 33543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 247800646, 14.640%, 9/16/2028 †§x | Upgrade | 9/18/2023 | 24316 | 24168 | 24806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478016, 8.360%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 26443 | 26157 | 26395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478031, 8.360%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 46227 | 45727 | 46144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478058, 11.540%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 26504 | 26215 | 26397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478403, 11.290%, 12/23/2029 †x◇ | Prosper | 12/26/2025 | 48352 | 47831 | 48232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478409, 10.640%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 28606 | 28295 | 28492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478412, 11.040%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 29741 | 29417 | 29621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478415, 9.880%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 24355 | 24091 | 24259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478418, 8.580%, 12/23/2030 †x◇ | Prosper | 12/26/2025 | 21414 | 21182 | 21375 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**52** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478640, 14.130%, 12/24/2030 †x# | Prosper | 12/29/2025 | $34109 | $33734 | $26071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478649, 13.750%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 25401 | 25121 | 25264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478682, 15.190%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 28359 | 28047 | 28203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478781, 11.020%, 12/24/2030 †x | Prosper | 12/29/2025 | 48755 | 48223 | 48566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478784, 11.050%, 12/24/2030 †x | Prosper | 12/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478787, 9.870%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 46766 | 46257 | 46589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478790, 13.610%, 12/24/2028 †x#◇ | Prosper | 12/29/2025 | 34299 | 33941 | 33972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478793, 13.600%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 32200 | 31846 | 32027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478796, 9.870%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 30203 | 29874 | 30088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478799, 11.830%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 29023 | 28708 | 28952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478805, 20.850%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 28949 | 28630 | 28697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478808, 10.840%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 27551 | 27250 | 27444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478814, 14.860%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 26758 | 26463 | 26516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478817, 14.340%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 26847 | 26552 | 26701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478820, 9.880%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 24357 | 24092 | 24265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478823, 14.980%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 24444 | 24175 | 24310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478826, 14.080%, 12/24/2028 †x◇ | Prosper | 12/29/2025 | 25791 | 25514 | 25644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478832, 17.380%, 12/24/2028 †x◇ | Prosper | 12/29/2025 | 22610 | 22372 | 22366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478835, 11.600%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 23412 | 23156 | 23320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478838, 10.640%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 23309 | 23055 | 23219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478841, 18.060%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 25961 | 25676 | 25741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478844, 14.860%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 22559 | 22311 | 22436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478847, 22.450%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 21825 | 21585 | 21607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478850, 10.770%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 23886 | 23625 | 23793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478853, 21.540%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 21574 | 21336 | 21384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478856, 9.870%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 20947 | 20719 | 20868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2478862, 15.210%, 12/31/2030 †x#◇ | Prosper | 12/29/2025 | 20468 | 20248 | 20281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479183, 8.000%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 48647 | 48120 | 48564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479186, 16.630%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 40130 | 39689 | 39794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479189, 13.600%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 34313 | 33936 | 34010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479192, 19.750%, 1/06/2031 †x#◇ | Prosper | 12/29/2025 | 34824 | 34441 | 34725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479195, 17.920%, 12/24/2029 †x◇ | Prosper | 12/29/2025 | 23010 | 22764 | 22744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479198, 13.690%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 23077 | 22829 | 22952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479201, 8.590%, 12/24/2030 †x◇ | Prosper | 12/29/2025 | 22388 | 22145 | 22348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479293, 10.300%, 1/06/2029 †x◇ | Prosper | 1/08/2026 | 48817 | 48029 | 48675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479296, 10.640%, 1/06/2031 †x | Prosper | 1/08/2026 | 49374 | 48559 | 49194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479299, 11.300%, 1/06/2031 †x#◇ | Prosper | 1/08/2026 | 35491 | 34895 | 35256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479302, 8.090%, 1/12/2030 †x◇ | Prosper | 1/08/2026 | 29472 | 28976 | 29435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479305, 11.220%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 29607 | 29109 | 29412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479308, 9.020%, 1/06/2029 †x◇ | Prosper | 1/08/2026 | 23420 | 23041 | 23379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479320, 10.980%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 22004 | 21641 | 21923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479335, 9.870%, 1/06/2031 †§x | Prosper | 1/08/2026 | 49360 | 48545 | 49184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479338, 12.160%, 1/06/2031 †§x | Prosper | 1/08/2026 | 49400 | 48588 | 49213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479341, 8.880%, 1/15/2031 †§x | Prosper | 1/08/2026 | 49342 | 48506 | 49236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479344, 10.410%, 1/06/2031 †§x | Prosper | 1/08/2026 | 34065 | 33503 | 33942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479347, 8.890%, 1/06/2031 †§x | Prosper | 1/08/2026 | 26151 | 25719 | 26095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479350, 10.870%, 1/06/2031 †§x# | Prosper | 1/08/2026 | 23491 | 23093 | 23338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479391, 10.500%, 1/06/2031 †x | Prosper | 1/08/2026 | 49371 | 48557 | 49192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479394, 8.510%, 1/06/2030 †x◇ | Prosper | 1/08/2026 | 47164 | 46389 | 47102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479397, 8.890%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 44408 | 43674 | 44312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479400, 10.390%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 29622 | 29133 | 29514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479403, 11.220%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 20395 | 20059 | 20320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479406, 8.590%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 28955 | 28476 | 28894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479427, 10.390%, 1/06/2031 †§x | Prosper | 1/08/2026 | 49369 | 48555 | 49191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479430, 8.550%, 1/06/2031 †§x | Prosper | 1/08/2026 | 41959 | 41265 | 41870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479433, 10.410%, 1/06/2031 †§x | Prosper | 1/08/2026 | 41470 | 40786 | 41320 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**53** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479436, 8.590%, 1/06/2031 †§x | Prosper | 1/08/2026 | $29602 | $29112 | $29539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479439, 8.510%, 1/06/2030 †§x | Prosper | 1/08/2026 | 30460 | 29960 | 30420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479442, 8.760%, 1/06/2031 †§x | Prosper | 1/08/2026 | 24667 | 24249 | 24614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479627, 14.290%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479839, 8.760%, 1/07/2031 †§x | Prosper | 1/09/2026 | 49340 | 48522 | 49237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479846, 23.840%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 31730 | 31381 | 31342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479852, 21.390%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 28538 | 28224 | 28196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479855, 20.850%, 12/26/2030 †x#◇ | Prosper | 12/30/2025 | 23643 | 23383 | 23359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2479864, 18.000%, 12/26/2029 †x#◇ | Prosper | 12/30/2025 | 22208 | 21963 | 21985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480060, 9.670%, 9/25/2029 †x◇ | Best Egg | 9/30/2024 | 38053 | 37425 | 37872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480106, 13.010%, 9/25/2028 †x#◇ | Best Egg | 9/30/2024 | 26454 | 26030 | 26527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480117, 21.910%, 9/25/2029 †x#◇ | Best Egg | 9/30/2024 | 29826 | 29331 | 29378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480119, 22.450%, 12/29/2030 †x#◇ | Prosper | 12/31/2025 | 30834 | 30500 | 30426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480128, 8.330%, 12/29/2029 †x#◇ | Prosper | 12/31/2025 | 21124 | 20900 | 21105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480223, 21.490%, 1/07/2031 †x◇ | Prosper | 1/09/2026 | 30719 | 30220 | 30387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480229, 25.840%, 1/07/2031 †x◇ | Prosper | 1/09/2026 | 23810 | 23427 | 23543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480238, 21.620%, 1/07/2031 †§x | Prosper | 1/09/2026 | 27251 | 26809 | 26957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480278, 8.410%, 9/25/2029 †x◇ | Best Egg | 9/30/2024 | 30307 | 29811 | 30140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480354, 22.390%, 1/07/2031 †x◇ | Prosper | 1/09/2026 | 23788 | 23402 | 23529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480360, 21.160%, 1/07/2031 †§x | Prosper | 1/09/2026 | 28239 | 27780 | 27935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480363, 24.060%, 1/07/2030 †§x | Prosper | 1/09/2026 | 25189 | 24785 | 24959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480506, 22.870%, 9/25/2029 †x◇ | Best Egg | 9/30/2024 | 20492 | 20151 | 20175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480851, 21.480%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 27522 | 27241 | 27159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480854, 21.160%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 27248 | 26969 | 26888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2480949, 15.630%, 9/25/2029 †x◇ | Best Egg | 9/30/2024 | 32279 | 31747 | 32178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481016, 13.100%, 9/25/2028 †x◇ | Best Egg | 9/30/2024 | 20398 | 20071 | 20764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481106, 23.600%, 1/02/2031 †x#◇ | Prosper | 1/02/2026 | 31728 | 31393 | 31307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481112, 22.700%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 26764 | 26491 | 26409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481118, 25.090%, 12/30/2029 †x#◇ | Prosper | 1/02/2026 | 24703 | 24454 | 24439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481124, 23.350%, 12/30/2029 †x#◇ | Prosper | 1/02/2026 | 23702 | 23463 | 23450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481443, 13.970%, 11/01/2027 †x◇ | Best Egg | 9/30/2024 | 20083 | 19776 | 20269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248146889, 14.890%, 9/12/2028 †§x# | Upgrade | 9/15/2023 | 21887 | 21760 | 22069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481628, 21.110%, 12/30/2030 †x#◇ | Prosper | 1/02/2026 | 30715 | 30401 | 30310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2481649, 13.970%, 11/01/2027 †x◇ | Best Egg | 9/30/2024 | 27690 | 27267 | 27946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482078, 10.410%, 12/31/2030 †x#◇ | Prosper | 1/05/2026 | 26166 | 25739 | 26060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482210, 8.070%, 12/31/2030 †x# | Prosper | 1/05/2026 | 49327 | 48517 | 49224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482240, 8.760%, 12/31/2030 †§x# | Prosper | 1/05/2026 | 47061 | 46268 | 46894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482241, 11.360%, 1/12/2031 †x | Prosper | 1/14/2026 | 49386 | 48563 | 49242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482247, 8.340%, 1/12/2030 †x◇ | Prosper | 1/14/2026 | 49126 | 48310 | 49071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482250, 10.860%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 32199 | 31662 | 32107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482253, 10.550%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 26830 | 26382 | 26754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482256, 11.040%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 25711 | 25274 | 25563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482259, 9.870%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 30042 | 29540 | 29959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482262, 12.690%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 28998 | 28515 | 28910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482265, 11.550%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 25766 | 25336 | 25690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482268, 8.000%, 1/12/2029 †x◇ | Prosper | 1/14/2026 | 21460 | 21108 | 21430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482274, 10.980%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 33084 | 32532 | 32989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248228109, 12.600%, 9/14/2028 †§x | Upgrade | 9/18/2023 | 21403 | 21276 | 21513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482310, 9.640%, 1/12/2031 †§x | Prosper | 1/14/2026 | 49356 | 48531 | 49266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482313, 8.140%, 1/12/2029 †§x | Prosper | 1/14/2026 | 48776 | 47975 | 48707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482316, 8.000%, 1/12/2031 †§x | Prosper | 1/14/2026 | 25196 | 24775 | 25154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482323, 9.840%, 1/12/2031 †x | Prosper | 1/14/2026 | 49359 | 48535 | 49268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482326, 12.340%, 1/12/2031 †x | Prosper | 1/14/2026 | 49403 | 48580 | 49255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482329, 11.220%, 1/12/2031 †x#◇ | Prosper | 1/14/2026 | 36498 | 35878 | 36286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482332, 9.940%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 30043 | 29541 | 29959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482335, 11.450%, 1/12/2029 †x◇ | Prosper | 1/14/2026 | 35164 | 34588 | 35079 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**54** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482338, 9.850%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | $25667 | $25238 | $25596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482341, 10.170%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 25753 | 25323 | 25681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482344, 12.200%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 24698 | 24286 | 24624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482347, 9.870%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 24680 | 24268 | 24612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482350, 10.530%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 23698 | 23303 | 23631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482353, 8.200%, 1/12/2029 †x◇ | Prosper | 1/14/2026 | 21205 | 20857 | 21175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482400, 9.200%, 1/12/2031 †§x | Prosper | 1/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482403, 9.850%, 1/12/2031 †§x | Prosper | 1/14/2026 | 48372 | 47565 | 48238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482406, 8.360%, 1/12/2031 †§x | Prosper | 1/14/2026 | 47359 | 46567 | 47278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482407, 8.460%, 1/12/2031 †§x | Prosper | 1/14/2026 | 49334 | 48509 | 49250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482409, 10.980%, 1/12/2031 †§x | Prosper | 1/14/2026 | 37567 | 36941 | 37459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482412, 10.550%, 1/12/2031 †§x | Prosper | 1/14/2026 | 23699 | 23303 | 23631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482518, 10.500%, 1/12/2031 †§x | Prosper | 1/14/2026 | 49371 | 48547 | 49231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482521, 8.460%, 1/12/2031 †§x | Prosper | 1/14/2026 | 29601 | 29106 | 29550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482524, 9.450%, 1/12/2031 †§x | Prosper | 1/14/2026 | 26819 | 26371 | 26746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482527, 9.870%, 1/12/2031 †§x# | Prosper | 1/14/2026 | 24589 | 24173 | 24450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482778, 10.160%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 48086 | 47287 | 47992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482781, 11.040%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 45430 | 44671 | 45305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482784, 11.360%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 29521 | 29028 | 29439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482787, 12.200%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27664 | 27202 | 27585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482790, 11.540%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 39512 | 38851 | 39401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482793, 10.500%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27154 | 26700 | 27081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482794, 12.280%, 1/12/2031 †x | Prosper | 1/14/2026 | 49402 | 48579 | 49254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482796, 20.200%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 23768 | 23373 | 23574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482797, 8.340%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 41439 | 40746 | 41368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482799, 10.410%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 29622 | 29126 | 29542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482800, 12.620%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 37589 | 36963 | 37475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482802, 23.350%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 27430 | 26979 | 27239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482803, 11.540%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 40005 | 39338 | 39888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482805, 10.980%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 20246 | 19907 | 20190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482806, 12.080%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 34085 | 33517 | 33984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482812, 11.550%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 20744 | 20398 | 20683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482844, 8.590%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49337 | 48511 | 49255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482847, 8.760%, 1/16/2031 †§x | Prosper | 1/15/2026 | 48353 | 47530 | 48272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482850, 11.540%, 1/13/2031 †§x | Prosper | 1/15/2026 | 47414 | 46622 | 47281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482853, 11.540%, 1/13/2031 †§x | Prosper | 1/15/2026 | 45932 | 45165 | 45804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482856, 13.800%, 1/13/2031 †§x | Prosper | 1/15/2026 | 37071 | 36452 | 36924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482859, 12.650%, 1/13/2031 †§x# | Prosper | 1/15/2026 | 28083 | 27605 | 27875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482862, 14.160%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29166 | 28680 | 29049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482865, 12.080%, 1/13/2031 †§x | Prosper | 1/15/2026 | 25687 | 25258 | 25614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482868, 8.360%, 1/13/2031 †§x | Prosper | 1/15/2026 | 25200 | 24778 | 25158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482871, 15.110%, 1/13/2031 †§x | Prosper | 1/15/2026 | 23736 | 23340 | 23639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482877, 20.230%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21792 | 21431 | 21655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482880, 9.640%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21457 | 21098 | 21419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482883, 9.850%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21458 | 21099 | 21402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482902, 9.510%, 1/13/2031 †x | Prosper | 1/15/2026 | 49354 | 48528 | 49225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482908, 13.010%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 45274 | 44523 | 45174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482911, 10.500%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 46366 | 45590 | 46129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482914, 9.800%, 1/13/2029 †x◇ | Prosper | 1/15/2026 | 34165 | 33604 | 34091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482917, 12.200%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 39521 | 38861 | 39408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482920, 21.570%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27523 | 27067 | 27295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482923, 25.420%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 21328 | 20975 | 21143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482953, 8.000%, 1/13/2031 †§x | Prosper | 1/15/2026 | 48339 | 47529 | 48262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482956, 18.060%, 1/13/2031 †§x | Prosper | 1/15/2026 | 39597 | 38938 | 39354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482959, 15.160%, 1/13/2031 †§x | Prosper | 1/15/2026 | 37582 | 36956 | 37428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482962, 18.180%, 1/13/2031 †§x | Prosper | 1/15/2026 | 38113 | 37479 | 37880 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**55** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482965, 10.500%, 1/13/2031 †§x | Prosper | 1/15/2026 | $34560 | $33982 | $34467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482968, 11.360%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32595 | 32050 | 32504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482971, 20.910%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29723 | 29230 | 29533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482974, 15.330%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29672 | 29177 | 29550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482977, 18.060%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29202 | 28717 | 29024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482980, 12.160%, 1/20/2031 †§x | Prosper | 1/15/2026 | 28993 | 28499 | 28910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482983, 19.170%, 1/13/2031 †§x | Prosper | 1/15/2026 | 27202 | 26750 | 27032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482986, 11.360%, 1/13/2031 †§x | Prosper | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482992, 8.000%, 1/13/2028 †§x | Prosper | 1/15/2026 | 24039 | 23652 | 24014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482995, 8.360%, 1/13/2031 †§x# | Prosper | 1/15/2026 | 24666 | 24251 | 24626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2482998, 20.560%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21770 | 21409 | 21632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483001, 11.550%, 1/13/2031 †§x | Prosper | 1/15/2026 | 20744 | 20397 | 20686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483004, 16.650%, 1/13/2031 †§x | Prosper | 1/15/2026 | 20657 | 20313 | 20570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483007, 11.040%, 1/13/2031 †§x | Prosper | 1/15/2026 | 20246 | 19908 | 20190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483069, 10.980%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 30615 | 30104 | 30531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483072, 12.080%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 42977 | 42259 | 42855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483075, 10.410%, 2/10/2031 †x◇ | Prosper | 1/15/2026 | 42925 | 42207 | 42810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483078, 10.940%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 26905 | 26449 | 26832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483087, 11.160%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 29630 | 29134 | 29548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483090, 12.240%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 42485 | 41776 | 42323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483093, 11.550%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 26302 | 25863 | 26229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483099, 8.360%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 22693 | 22313 | 22656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483108, 8.370%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 22200 | 21828 | 22163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483111, 19.440%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 20675 | 20332 | 20546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483117, 8.260%, 1/13/2029 †x◇ | Prosper | 1/15/2026 | 21206 | 20857 | 21177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483136, 11.160%, 1/13/2031 †x | Prosper | 1/15/2026 | 49383 | 48557 | 49246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483139, 21.250%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 38148 | 37515 | 37903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483145, 10.410%, 1/13/2031 †x | Prosper | 1/15/2026 | 49370 | 48544 | 49237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483154, 8.000%, 1/13/2031 †x | Prosper | 1/15/2026 | 49326 | 48499 | 49247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483157, 9.620%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 27777 | 27315 | 27725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483160, 8.820%, 1/13/2029 †x◇ | Prosper | 1/15/2026 | 30249 | 29752 | 30186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483172, 9.780%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 25173 | 24752 | 25128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483175, 11.540%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 25683 | 25253 | 25611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483184, 9.820%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 21142 | 20789 | 21101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483195, 10.640%, 1/13/2031 †§x | Prosper | 1/15/2026 | 39333 | 38666 | 39115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483207, 10.980%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32201 | 31662 | 32112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483210, 8.760%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49340 | 48514 | 49257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483219, 8.890%, 1/13/2031 †§x | Prosper | 1/15/2026 | 35526 | 34932 | 35466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483222, 15.190%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29670 | 29176 | 29549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483225, 14.060%, 1/13/2031 †§x | Prosper | 1/15/2026 | 22244 | 21873 | 22156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483228, 13.830%, 1/13/2031 †§x | Prosper | 1/15/2026 | 27155 | 26702 | 27048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483231, 14.160%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24717 | 24305 | 24618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483237, 8.070%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24664 | 24250 | 24624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483256, 8.000%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32165 | 31626 | 32114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483265, 13.750%, 1/16/2031 †§x | Prosper | 1/15/2026 | 40036 | 39355 | 39877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483274, 10.610%, 1/13/2029 †§x# | Prosper | 1/15/2026 | 28317 | 27844 | 28205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483277, 8.000%, 1/13/2029 †§x | Prosper | 1/15/2026 | 25362 | 24945 | 25328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483280, 8.000%, 1/13/2031 †§x | Prosper | 1/15/2026 | 47353 | 46559 | 47277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483283, 14.350%, 1/13/2031 †§x | Prosper | 1/15/2026 | 27685 | 27223 | 27574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483286, 11.330%, 1/13/2030 †§x | Prosper | 1/15/2026 | 41158 | 40475 | 41073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483289, 9.870%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32188 | 31649 | 32103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483292, 9.790%, 1/13/2031 †§x | Prosper | 1/15/2026 | 22211 | 21840 | 22153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483420, 18.810%, 12/01/2029 †x#◇ | Best Egg | 10/02/2024 | 25573 | 25129 | 25241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483456, 9.500%, 1/13/2031 †x | Prosper | 1/15/2026 | 49353 | 48527 | 49225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483462, 15.860%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 28261 | 27790 | 28143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483465, 11.220%, 1/13/2031 †x | Prosper | 1/15/2026 | 49384 | 48558 | 49247 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**56** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483468, 14.870%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | $22707 | $22321 | $22532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483475, 9.850%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 26287 | 25847 | 26217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483478, 14.820%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27689 | 27227 | 27577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483481, 15.110%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 39906 | 39241 | 39743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483484, 13.600%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 26195 | 25758 | 26092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483487, 10.040%, 1/13/2031 †x | Prosper | 1/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483490, 14.860%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 24228 | 23824 | 24130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483492, 10.940%, 1/13/2031 †§x | Prosper | 1/15/2026 | 44441 | 43698 | 44319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483493, 13.150%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 21719 | 21357 | 21635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483495, 11.700%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32209 | 31671 | 32118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483496, 12.230%, 1/13/2029 †x◇ | Prosper | 1/15/2026 | 20398 | 20063 | 20324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483498, 8.760%, 1/13/2031 †§x | Prosper | 1/15/2026 | 30030 | 29527 | 29979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483504, 11.360%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24179 | 23771 | 24045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483507, 10.980%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24690 | 24277 | 24622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483510, 18.640%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21287 | 20933 | 21156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483532, 12.600%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49408 | 48583 | 49265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483535, 11.040%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49381 | 48555 | 49245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483538, 11.050%, 1/13/2031 †§x | Prosper | 1/15/2026 | 41974 | 41272 | 41858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483541, 17.250%, 1/13/2031 †§x | Prosper | 1/15/2026 | 35628 | 35035 | 35413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483544, 18.140%, 1/13/2030 †§x | Prosper | 1/15/2026 | 30334 | 29833 | 30187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483547, 11.220%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29520 | 29026 | 29438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483550, 9.500%, 1/13/2031 †§x | Prosper | 1/15/2026 | 23690 | 23293 | 23628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483553, 20.750%, 1/13/2030 †§x | Prosper | 1/15/2026 | 23683 | 23293 | 23563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483556, 8.210%, 1/13/2030 †§x | Prosper | 1/15/2026 | 23491 | 23100 | 23466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483559, 11.770%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21473 | 21114 | 21413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483562, 9.850%, 1/13/2031 †§x | Prosper | 1/15/2026 | 20385 | 20044 | 20332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483789, 8.880%, 1/13/2031 †x | Prosper | 1/15/2026 | 49342 | 48516 | 49216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483792, 13.380%, 1/13/2031 †x | Prosper | 1/15/2026 | 49421 | 48596 | 49274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483795, 8.000%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 43407 | 42680 | 43337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483801, 9.870%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 26823 | 26374 | 26752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483804, 10.850%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 21466 | 21107 | 21407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483807, 23.830%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 20726 | 20385 | 20580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483813, 8.950%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 29606 | 29110 | 29556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483820, 11.290%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 47213 | 46429 | 47116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483823, 8.000%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 43424 | 42696 | 43354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483826, 8.000%, 1/13/2031 †x | Prosper | 1/15/2026 | 49326 | 48499 | 49247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483829, 8.000%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 42887 | 42169 | 42818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483832, 11.550%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 41869 | 41170 | 41752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483835, 9.780%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 41461 | 40767 | 41387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483838, 19.330%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 29709 | 29215 | 29469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483841, 9.850%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27641 | 27179 | 27568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483844, 11.220%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 32380 | 31839 | 32199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483847, 22.760%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 24229 | 23827 | 24025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483850, 9.450%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 26819 | 26370 | 26749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483853, 8.340%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 30561 | 30049 | 30511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483856, 8.000%, 1/13/2028 †x◇ | Prosper | 1/15/2026 | 20193 | 19868 | 20172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248387749, 22.040%, 9/28/2028 †§x | Upgrade | 9/18/2023 | 19674 | 19543 | 20035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483885, 15.190%, 1/13/2031 †§x | Prosper | 1/15/2026 | 42527 | 41819 | 42353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483888, 15.110%, 1/13/2031 †§x | Prosper | 1/15/2026 | 42526 | 41818 | 42353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483891, 15.790%, 1/13/2031 †§x | Prosper | 1/15/2026 | 34964 | 34368 | 34820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483894, 26.260%, 1/13/2031 †x | Prosper | 1/15/2026 | 29766 | 29275 | 29506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483897, 24.560%, 1/13/2031 †§x | Prosper | 1/15/2026 | 23802 | 23409 | 23598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483900, 15.120%, 1/13/2031 †§x | Prosper | 1/15/2026 | 22252 | 21881 | 22161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483919, 15.150%, 1/13/2031 †§x | Prosper | 1/15/2026 | 40549 | 39873 | 40383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483922, 12.380%, 1/13/2031 †§x | Prosper | 1/15/2026 | 35571 | 34977 | 35435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483925, 23.410%, 1/13/2029 †§x# | Prosper | 1/15/2026 | 29480 | 28982 | 29085 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**57** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483928, 13.830%, 1/13/2031 †§x | Prosper | 1/15/2026 | $23726 | $23330 | $23632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2483931, 13.830%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21724 | 21362 | 21638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484053, 6.930%, 11/01/2027 †x◇ | Best Egg | 10/02/2024 | 20349 | 20016 | 20361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248407225, 15.600%, 9/27/2028 †§x | Upgrade | 9/25/2023 | 19856 | 19734 | 20149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484078, 12.080%, 1/13/2031 †§x | Prosper | 1/15/2026 | 48411 | 47602 | 48273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248428909, 15.600%, 9/13/2028 †§x | Upgrade | 9/18/2023 | 21600 | 21470 | 22028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484330, 14.860%, 1/14/2031 †x◇ | Prosper | 1/16/2026 | 32597 | 32053 | 32471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484335, 14.860%, 1/14/2031 †x◇ | Prosper | 1/16/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484338, 13.800%, 1/14/2031 †x◇ | Prosper | 1/16/2026 | 23725 | 23329 | 23636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484344, 15.330%, 1/14/2031 †x◇ | Prosper | 1/16/2026 | 23365 | 22975 | 23274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484369, 10.500%, 1/14/2031 †§x | Prosper | 1/16/2026 | 44537 | 43790 | 44422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484383, 12.870%, 1/14/2031 †§x | Prosper | 1/16/2026 | 49412 | 48585 | 49274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484384, 9.370%, 1/14/2031 †§x | Prosper | 1/16/2026 | 32572 | 32025 | 32491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484387, 14.160%, 1/14/2031 †§x | Prosper | 1/16/2026 | 29331 | 28841 | 29220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484392, 11.040%, 1/14/2031 †§x | Prosper | 1/16/2026 | 49411 | 48577 | 49282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484398, 9.500%, 1/14/2031 †§x | Prosper | 1/16/2026 | 49353 | 48526 | 49231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484413, 14.470%, 1/14/2031 †§x | Prosper | 1/16/2026 | 41529 | 40835 | 41370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484419, 14.860%, 1/14/2031 †§x | Prosper | 1/16/2026 | 35857 | 35258 | 35719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484963, 20.560%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 29720 | 29223 | 29549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2484999, 18.340%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 35640 | 35044 | 35443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485002, 11.540%, 1/15/2031 †§x | Prosper | 1/20/2026 | 49389 | 48561 | 49264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485005, 10.500%, 1/15/2031 †§x | Prosper | 1/20/2026 | 35547 | 34950 | 35461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485008, 11.540%, 1/15/2031 †§x | Prosper | 1/20/2026 | 31115 | 30593 | 31037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485011, 9.870%, 2/12/2031 †§x# | Prosper | 1/20/2026 | 29353 | 28854 | 29201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485022, 20.560%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 40617 | 39939 | 40384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485025, 15.940%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 36108 | 35503 | 35916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485031, 20.050%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 29715 | 29219 | 29546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485037, 16.800%, 1/15/2030 †x◇ | Prosper | 1/20/2026 | 22174 | 21805 | 22080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485040, 16.700%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 21769 | 21405 | 21652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485061, 11.360%, 1/15/2031 †§x | Prosper | 1/20/2026 | 49386 | 48558 | 49262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485073, 19.960%, 1/15/2031 †§x | Prosper | 1/20/2026 | 30261 | 29756 | 30040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485164, 11.360%, 1/15/2031 †x# | Prosper | 1/20/2026 | 48221 | 47401 | 47967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485179, 11.050%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 24690 | 24276 | 24629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485188, 9.140%, 1/15/2030 †x◇ | Prosper | 1/20/2026 | 28840 | 28359 | 28792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485200, 10.980%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 22004 | 21634 | 21949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248521016, 24.200%, 9/21/2028 †§x | Upgrade | 9/25/2023 | 25463 | 25292 | 26575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485218, 10.980%, 1/15/2031 †§x | Prosper | 1/20/2026 | 45081 | 44324 | 44969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485224, 11.700%, 1/15/2031 †§x | Prosper | 1/20/2026 | 42945 | 42225 | 42836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485233, 10.530%, 1/15/2031 †§x | Prosper | 1/20/2026 | 29623 | 29126 | 29551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485236, 11.600%, 1/15/2031 †§x | Prosper | 1/20/2026 | 49390 | 48562 | 49265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485244, 11.040%, 1/25/2031 †x◇ | Prosper | 1/20/2026 | 46706 | 45906 | 46590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485250, 9.680%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 29614 | 29117 | 29544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485251, 9.850%, 1/15/2031 †§x | Prosper | 1/20/2026 | 23604 | 23208 | 23548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485256, 9.480%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 32183 | 31643 | 32108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485307, 10.980%, 1/15/2031 †§x | Prosper | 1/20/2026 | 23624 | 23228 | 23498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485310, 9.870%, 1/15/2031 †§x | Prosper | 1/20/2026 | 33565 | 33001 | 33485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485313, 10.850%, 1/15/2031 †§x | Prosper | 1/20/2026 | 26664 | 26216 | 26598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485325, 9.870%, 2/08/2031 †§x | Prosper | 1/20/2026 | 32188 | 31647 | 32111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485346, 12.380%, 11/01/2027 †x◇ | Best Egg | 10/02/2024 | 24057 | 23662 | 24186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485504, 8.300%, 1/06/2031 †x | Prosper | 1/08/2026 | 49331 | 48515 | 49228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485507, 8.880%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 46382 | 45614 | 46220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485510, 9.870%, 1/30/2031 †x◇ | Prosper | 1/08/2026 | 33797 | 33234 | 33677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485513, 9.790%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 32187 | 31655 | 32072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485516, 8.760%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 24670 | 24262 | 24617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485519, 8.860%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 28958 | 28479 | 28858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485522, 8.760%, 1/06/2031 †x◇ | Prosper | 1/08/2026 | 20723 | 20380 | 20678 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**58** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485554, 16.190%, 11/01/2029 †x◇ | Best Egg | 10/02/2024 | $31697 | $31172 | $31404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485555, 9.870%, 1/06/2031 †§x | Prosper | 1/08/2026 | 49360 | 48545 | 49184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485558, 11.540%, 1/06/2031 †§x | Prosper | 1/08/2026 | 49389 | 48576 | 49205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485561, 8.590%, 1/06/2031 †§x | Prosper | 1/08/2026 | 34536 | 33964 | 34462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485564, 8.360%, 1/06/2031 †§x | Prosper | 1/08/2026 | 31078 | 30563 | 30981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485567, 10.410%, 1/06/2031 †§x | Prosper | 1/08/2026 | 29622 | 29133 | 29515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248578007, 15.580%, 9/24/2028 †§x | Upgrade | 9/18/2023 | 22172 | 22035 | 22597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485814, 10.940%, 1/16/2031 †§x | Prosper | 1/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485854, 22.000%, 11/01/2029 †x◇ | Best Egg | 10/03/2024 | 29044 | 28562 | 28041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485917, 10.850%, 1/16/2031 †x | Prosper | 1/21/2026 | 47225 | 46431 | 47115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485920, 8.000%, 1/16/2031 †x | Prosper | 1/21/2026 | 48833 | 48010 | 48764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485923, 8.510%, 1/16/2030 †x◇ | Prosper | 1/21/2026 | 23582 | 23187 | 23558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485941, 13.150%, 1/16/2031 †§x | Prosper | 1/21/2026 | 32121 | 31581 | 32015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485944, 13.690%, 1/16/2031 †§x | Prosper | 1/21/2026 | 26196 | 25756 | 26108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485947, 8.000%, 1/16/2031 †§x | Prosper | 1/21/2026 | 24663 | 24248 | 24628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485953, 6.230%, 10/01/2027 †x | Best Egg | 10/03/2024 | 24302 | 24437 | 24379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485962, 14.980%, 5/01/2030 †x | Best Egg | 10/03/2024 | 26682 | 26240 | 26217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485967, 8.950%, 1/16/2031 †x | Prosper | 1/21/2026 | 49343 | 48513 | 49269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485970, 8.590%, 1/16/2031 †x | Prosper | 1/21/2026 | 49337 | 48506 | 49264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485973, 10.980%, 1/16/2031 †x | Prosper | 1/21/2026 | 49380 | 48549 | 49264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485976, 11.410%, 1/16/2029 †x◇ | Prosper | 1/21/2026 | 35032 | 34453 | 34962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485979, 8.760%, 1/16/2031 †x◇ | Prosper | 1/21/2026 | 31578 | 31046 | 31531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485982, 8.000%, 1/16/2029 †x◇ | Prosper | 1/21/2026 | 29264 | 28779 | 29229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485985, 10.980%, 1/16/2031 †x#◇ | Prosper | 1/21/2026 | 20338 | 19992 | 20231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2485988, 12.140%, 1/30/2031 †x◇ | Prosper | 1/21/2026 | 35740 | 35132 | 35550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486000, 14.160%, 1/16/2031 †§x | Prosper | 1/21/2026 | 40041 | 39369 | 39906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486003, 13.150%, 1/16/2031 †§x | Prosper | 1/21/2026 | 40028 | 39355 | 39896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486006, 14.060%, 1/16/2031 †§x | Prosper | 1/21/2026 | 35591 | 34993 | 35471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486009, 8.590%, 1/16/2031 †§x | Prosper | 1/21/2026 | 27797 | 27326 | 27727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486012, 13.280%, 1/16/2031 †§x | Prosper | 1/21/2026 | 21720 | 21355 | 21649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486015, 9.580%, 1/16/2031 †§x | Prosper | 1/21/2026 | 24677 | 24262 | 24639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248608949, 21.810%, 9/14/2028 †§x | Upgrade | 9/18/2023 | 25793 | 25625 | 27015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486269, 13.690%, 2/01/2030 †x# | Best Egg | 10/03/2024 | 28340 | 27870 | 28182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486301, 15.080%, 1/20/2030 †x◇ | Prosper | 1/22/2026 | 42352 | 41638 | 42261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486304, 18.140%, 1/20/2030 †x◇ | Prosper | 1/22/2026 | 40424 | 39742 | 40297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486310, 8.340%, 1/20/2030 †x◇ | Prosper | 1/22/2026 | 36196 | 35585 | 36148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486313, 8.000%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 32166 | 31620 | 32129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486316, 9.640%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 28967 | 28476 | 28929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486325, 8.460%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 22520 | 22138 | 22493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486329, 26.240%, 1/07/2031 †§x | Prosper | 1/09/2026 | 31751 | 31239 | 31393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486335, 23.850%, 1/07/2031 †§x | Prosper | 1/09/2026 | 22310 | 21950 | 22064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486337, 20.470%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 20803 | 20450 | 20716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486376, 18.990%, 1/20/2030 †§x | Prosper | 1/22/2026 | 29587 | 29088 | 29492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486379, 13.830%, 1/20/2031 †§x | Prosper | 1/22/2026 | 24714 | 24295 | 24651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486382, 13.750%, 1/20/2031 †§x | Prosper | 1/22/2026 | 23896 | 23491 | 23835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486385, 19.500%, 1/31/2030 †§x | Prosper | 1/22/2026 | 21607 | 21250 | 21421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486396, 7.260%, 11/01/2029 †x◇ | Best Egg | 10/03/2024 | 34554 | 33988 | 34431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486420, 8.210%, 1/20/2030 †x◇ | Prosper | 1/22/2026 | 49123 | 48295 | 49080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486423, 8.140%, 1/20/2029 †x◇ | Prosper | 1/22/2026 | 48776 | 47961 | 48726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486426, 8.640%, 1/20/2030 †x◇ | Prosper | 1/22/2026 | 47166 | 46371 | 47123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486432, 9.450%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 46885 | 46090 | 46825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486435, 8.710%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 28957 | 28466 | 28922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486438, 8.340%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 24666 | 24248 | 24637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486441, 20.910%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 24769 | 24349 | 24665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486444, 20.970%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 21773 | 21403 | 21681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486483, 13.370%, 1/20/2031 †§x | Prosper | 1/22/2026 | 32123 | 31579 | 32043 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**59** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486486, 13.310%, 1/20/2031 †§x | Prosper | 1/22/2026 | $27675 | $27206 | $27606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486742, 10.530%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 37523 | 36886 | 37456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486745, 9.850%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 25750 | 25314 | 25706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486757, 10.500%, 1/20/2031 †§x | Prosper | 1/22/2026 | 49366 | 48529 | 49278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486759, 8.880%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 47192 | 46392 | 47115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486760, 9.850%, 1/20/2031 †§x | Prosper | 1/22/2026 | 43453 | 42717 | 43379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486763, 10.500%, 1/20/2031 †§x | Prosper | 1/22/2026 | 39497 | 38827 | 39427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486766, 11.550%, 1/20/2031 †§x | Prosper | 1/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486768, 10.980%, 1/20/2031 †x | Prosper | 1/22/2026 | 49380 | 48542 | 49290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486769, 9.850%, 1/20/2031 †§x | Prosper | 1/22/2026 | 29616 | 29114 | 29565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486772, 12.080%, 1/20/2031 †§x | Prosper | 1/22/2026 | 23625 | 23224 | 23511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486777, 8.000%, 1/20/2031 †§x | Prosper | 1/22/2026 | 38599 | 37945 | 38554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486780, 9.850%, 1/20/2031 †§x | Prosper | 1/22/2026 | 27641 | 27173 | 27594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486818, 15.320%, 11/01/2031 †x | Best Egg | 10/03/2024 | 25083 | 25304 | 25160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486900, 9.050%, 11/06/2029 †x | Best Egg | 10/03/2024 | 38839 | 39137 | 38850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486940, 12.110%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 43471 | 42733 | 43394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486943, 14.290%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 40537 | 39848 | 40441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486946, 8.000%, 1/21/2031 †x# | Prosper | 1/23/2026 | 49316 | 48477 | 49213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486949, 13.470%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 39538 | 38866 | 39446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486952, 10.980%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 27907 | 27433 | 27860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486955, 12.810%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 39035 | 38371 | 38947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486958, 15.210%, 1/21/2031 †x#◇ | Prosper | 1/23/2026 | 24126 | 23713 | 23978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486978, 8.590%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 49337 | 48499 | 49281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486981, 8.760%, 1/21/2031 †x | Prosper | 1/23/2026 | 49224 | 48388 | 49117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486984, 10.500%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 44000 | 43253 | 43928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486987, 12.310%, 1/21/2028 †x◇ | Prosper | 1/23/2026 | 41448 | 40762 | 41377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486990, 8.890%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 34540 | 33953 | 34499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486993, 11.540%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 31609 | 31072 | 31554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2486996, 12.900%, 1/21/2030 †x◇ | Prosper | 1/23/2026 | 23128 | 22737 | 23087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487005, 13.690%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21723 | 21354 | 21673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487006, 19.170%, 1/21/2031 †§x | Prosper | 1/23/2026 | 40600 | 39909 | 40448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487009, 18.840%, 1/21/2031 †§x | Prosper | 1/23/2026 | 31685 | 31145 | 31535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487012, 21.500%, 1/21/2031 †§x | Prosper | 1/23/2026 | 31710 | 31170 | 31552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487014, 13.010%, 10/01/2028 †x◇ | Best Egg | 10/03/2024 | 20563 | 20231 | 20641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487015, 20.560%, 1/21/2031 †§x | Prosper | 1/23/2026 | 29720 | 29214 | 29605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487018, 15.940%, 1/21/2031 †§x | Prosper | 1/23/2026 | 27174 | 26712 | 27080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487050, 21.160%, 1/21/2031 †§x | Prosper | 1/23/2026 | 31707 | 31167 | 31550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487053, 23.360%, 1/21/2029 †§x | Prosper | 1/23/2026 | 29428 | 28934 | 29292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487056, 22.510%, 1/21/2030 †§x | Prosper | 1/23/2026 | 29620 | 29118 | 29497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487059, 18.060%, 1/21/2031 †§x | Prosper | 1/23/2026 | 27192 | 26730 | 27093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487062, 15.830%, 1/21/2029 †§x | Prosper | 1/23/2026 | 28862 | 28378 | 28775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487065, 20.980%, 1/21/2031 †§x | Prosper | 1/23/2026 | 23779 | 23374 | 23686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487068, 19.140%, 1/21/2029 †§x | Prosper | 1/23/2026 | 21550 | 21188 | 21478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 248715962, 15.600%, 9/15/2028 †§x | Upgrade | 9/18/2023 | 22983 | 22842 | 23442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487165, 21.370%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 35177 | 34577 | 35038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487168, 19.890%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 29714 | 29208 | 29601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487171, 19.750%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 29713 | 29207 | 29600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487174, 18.690%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21782 | 21412 | 21702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487240, 13.440%, 11/16/2029 †x◇ | Best Egg | 10/03/2024 | 22057 | 21694 | 22231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487290, 13.200%, 11/01/2029 †x◇ | Best Egg | 10/03/2024 | 30975 | 30464 | 31033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487314, 23.440%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 31727 | 31186 | 31564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487317, 18.860%, 1/21/2029 †x◇ | Prosper | 1/23/2026 | 29383 | 28890 | 29259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487371, 22.060%, 1/21/2031 †§x | Prosper | 1/23/2026 | 29732 | 29226 | 29613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487415, 12.440%, 10/01/2027 †x◇ | Best Egg | 10/03/2024 | 26635 | 26232 | 26657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487522, 20.560%, 1/21/2031 †§x | Prosper | 1/23/2026 | 31206 | 30674 | 31085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487561, 15.540%, 10/01/2028 †x◇ | Best Egg | 10/04/2024 | 30384 | 29896 | 30528 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**60** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487656, 13.800%, 1/21/2031 †§x | Prosper | 1/23/2026 | $29657 | $29153 | $29587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487659, 19.350%, 1/21/2031 †§x | Prosper | 1/23/2026 | 20674 | 20322 | 20597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487662, 13.150%, 1/21/2031 †§x | Prosper | 1/23/2026 | 26685 | 26232 | 26624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487714, 14.180%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 35907 | 35316 | 35607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487804, 20.560%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21770 | 21400 | 21686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487855, 11.550%, 1/21/2031 †§x | Prosper | 1/23/2026 | 45438 | 44666 | 45360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487858, 8.000%, 1/21/2031 †§x | Prosper | 1/23/2026 | 30557 | 30039 | 30524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487861, 10.530%, 1/21/2031 †§x | Prosper | 1/23/2026 | 27154 | 26693 | 27110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487864, 10.980%, 1/21/2031 †§x | Prosper | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487904, 16.580%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 24235 | 23835 | 24028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2487910, 14.170%, 10/01/2029 †x#◇ | Best Egg | 10/04/2024 | 27156 | 26708 | 27357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488049, 11.830%, 1/21/2030 †§x | Prosper | 1/23/2026 | 49190 | 48359 | 49119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488052, 8.460%, 1/21/2031 †§x | Prosper | 1/23/2026 | 35521 | 34918 | 35481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488055, 10.980%, 1/21/2031 †§x | Prosper | 1/23/2026 | 31127 | 30598 | 31075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488058, 8.760%, 1/21/2031 †§x | Prosper | 1/23/2026 | 32175 | 31628 | 32138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488061, 8.760%, 1/21/2031 †§x | Prosper | 1/23/2026 | 21450 | 21086 | 21425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488083, 8.340%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 44399 | 43645 | 44350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488086, 14.150%, 1/21/2030 †x◇ | Prosper | 1/23/2026 | 42338 | 41623 | 42258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488089, 8.890%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 37007 | 36378 | 36964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488092, 14.340%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 32628 | 32073 | 32550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488095, 13.470%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 32398 | 31851 | 32191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488191, 8.950%, 1/21/2031 †§x | Prosper | 1/23/2026 | 42435 | 41715 | 42386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488197, 18.140%, 1/21/2030 †§x | Prosper | 1/23/2026 | 29579 | 29078 | 29493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488198, 10.640%, 1/12/2031 †x | Prosper | 1/14/2026 | 49374 | 48550 | 49233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488201, 9.870%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 30110 | 29607 | 30026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488203, 8.000%, 1/21/2028 †§x | Prosper | 1/23/2026 | 22339 | 21972 | 22321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488204, 8.110%, 1/12/2030 †x◇ | Prosper | 1/14/2026 | 29473 | 28983 | 29441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488206, 8.460%, 1/21/2031 †§x | Prosper | 1/23/2026 | 27134 | 26673 | 27103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488207, 10.850%, 1/12/2031 †x | Prosper | 1/14/2026 | 49377 | 48553 | 49236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488210, 10.690%, 1/12/2030 †x◇ | Prosper | 1/14/2026 | 23601 | 23210 | 23552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488213, 11.050%, 1/12/2030 †x◇ | Prosper | 1/14/2026 | 23604 | 23213 | 23555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488215, 8.760%, 1/21/2031 †§x | Prosper | 1/23/2026 | 32175 | 31628 | 32138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488216, 9.880%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 20386 | 20045 | 20329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488227, 17.710%, 1/21/2031 †§x | Prosper | 1/23/2026 | 23927 | 23520 | 23840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488235, 12.200%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 42979 | 42248 | 42902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488247, 21.340%, 1/21/2030 †x◇ | Prosper | 1/23/2026 | 40466 | 39780 | 40337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488250, 25.970%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 31748 | 31207 | 31578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488253, 13.600%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 32584 | 32030 | 32508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488256, 15.190%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 32601 | 32047 | 32521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488259, 12.600%, 1/21/2028 †x◇ | Prosper | 1/23/2026 | 22639 | 22266 | 22599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488262, 18.820%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 23763 | 23359 | 23675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488265, 23.840%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 30598 | 30076 | 30440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488268, 21.990%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 30825 | 30295 | 30457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488271, 22.830%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21313 | 20950 | 21205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488276, 8.000%, 1/12/2028 †§x | Prosper | 1/14/2026 | 48078 | 47307 | 48027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488277, 19.170%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21785 | 21415 | 21704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488282, 8.000%, 1/12/2029 †§x | Prosper | 1/14/2026 | 48773 | 47972 | 48705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488288, 8.000%, 1/12/2031 †§x | Prosper | 1/14/2026 | 31569 | 31041 | 31516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488294, 8.950%, 1/12/2031 †§x | Prosper | 1/14/2026 | 28619 | 28141 | 28569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488297, 8.890%, 1/12/2031 †§x | Prosper | 1/14/2026 | 25658 | 25229 | 25613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488305, 18.990%, 10/01/2029 †x#◇ | Best Egg | 10/04/2024 | 25607 | 25181 | 25122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488362, 12.940%, 11/05/2031 †x | Best Egg | 10/04/2024 | 26204 | 26113 | 26291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488364, 19.520%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 36880 | 36270 | 36033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488398, 8.690%, 10/01/2031 †x | Best Egg | 10/04/2024 | 30745 | 30643 | 30842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488409, 8.060%, 1/21/2031 †§x# | Prosper | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46191 | 45407 | 34917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488412, 8.710%, 1/21/2031 †§x | Prosper | 1/23/2026 | 28957 | 28465 | 28924 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**61** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488415, 20.380%, 1/21/2031 †§x | Prosper | 1/23/2026 | $27211 | $26748 | $27107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488418, 18.060%, 1/21/2031 †§x | Prosper | 1/23/2026 | 24587 | 24173 | 24348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488529, 9.810%, 10/01/2027 †x | Best Egg | 10/04/2024 | 29475 | 29409 | 29523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488645, 8.070%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488651, 8.360%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 35519 | 34925 | 35459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488654, 15.750%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 21738 | 21377 | 21644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488657, 10.510%, 1/12/2031 †x◇ | Prosper | 1/14/2026 | 20927 | 20578 | 20868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488723, 9.600%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 48899 | 48075 | 48731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488726, 11.540%, 1/13/2031 †x | Prosper | 1/15/2026 | 49389 | 48564 | 49251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488729, 10.980%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 34566 | 33988 | 34471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488732, 22.980%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 31475 | 30954 | 31210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488735, 22.830%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 28748 | 28272 | 28506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488738, 24.860%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 25788 | 25362 | 25566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488744, 9.860%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 22611 | 22235 | 22567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488750, 11.630%, 1/25/2031 †x◇ | Prosper | 1/15/2026 | 21586 | 21219 | 21471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488771, 9.310%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49350 | 48524 | 49264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488777, 10.400%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49369 | 48544 | 49237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488778, 7.800%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 21903 | 21548 | 21784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488780, 11.360%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49386 | 48561 | 49249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488783, 8.760%, 1/13/2031 †§x | Prosper | 1/15/2026 | 48262 | 47454 | 48181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488789, 11.360%, 1/13/2031 †§x | Prosper | 1/15/2026 | 47411 | 46618 | 47279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488792, 15.330%, 1/13/2031 †§x | Prosper | 1/15/2026 | 42529 | 41821 | 42355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488795, 13.470%, 1/13/2031 †§x | Prosper | 1/15/2026 | 41515 | 40822 | 41352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488798, 8.300%, 1/13/2031 †§x | Prosper | 1/15/2026 | 35519 | 34924 | 35461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488801, 9.800%, 1/13/2029 †§x | Prosper | 1/15/2026 | 35541 | 34948 | 35391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488804, 18.250%, 1/13/2031 †§x | Prosper | 1/15/2026 | 35639 | 35047 | 35420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488807, 18.480%, 1/13/2031 †§x | Prosper | 1/15/2026 | 33723 | 33163 | 33515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488810, 11.040%, 1/13/2031 †§x | Prosper | 1/15/2026 | 33579 | 33018 | 33487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488813, 12.500%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32218 | 31680 | 32125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488816, 8.300%, 1/13/2031 †§x | Prosper | 1/15/2026 | 31572 | 31043 | 31520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488819, 13.580%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29654 | 29160 | 29538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488822, 15.120%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24994 | 24577 | 24892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488825, 9.850%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24677 | 24264 | 24612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488828, 14.340%, 1/13/2031 †§x | Prosper | 1/15/2026 | 23730 | 23334 | 23634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488831, 18.640%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24505 | 24097 | 24353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488834, 8.070%, 1/13/2031 †§x | Prosper | 1/15/2026 | 22691 | 22310 | 22654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2488837, 18.640%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21758 | 21396 | 21624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489005, 10.350%, 1/13/2029 †x◇ | Prosper | 1/15/2026 | 48818 | 48016 | 48710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489008, 8.000%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 44207 | 43471 | 44161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489011, 14.060%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 23727 | 23332 | 23633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489014, 12.080%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 34579 | 34002 | 34481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489017, 14.820%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 42522 | 41814 | 42350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489023, 10.570%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 31659 | 31130 | 31574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489023, 9.760%, 11/01/2029 †x | Best Egg | 10/04/2024 | 27415 | 27331 | 27400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489026, 19.170%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 30203 | 29701 | 30015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489029, 9.870%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27642 | 27179 | 27569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489035, 8.360%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 26808 | 26359 | 26764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489041, 18.700%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 22772 | 22394 | 22632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489047, 8.760%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 24131 | 23722 | 24066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489116, 14.410%, 1/13/2029 †§x | Prosper | 1/15/2026 | 29336 | 28856 | 29224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489122, 14.470%, 1/13/2031 †§x | Prosper | 1/15/2026 | 39551 | 38892 | 39392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489125, 10.980%, 1/13/2031 †§x | Prosper | 1/15/2026 | 33274 | 32718 | 33183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489134, 8.000%, 1/13/2031 †§x | Prosper | 1/15/2026 | 27877 | 27410 | 27832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489137, 16.650%, 1/13/2031 †§x | Prosper | 1/15/2026 | 39579 | 38920 | 39412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489152, 14.650%, 1/13/2031 †§x | Prosper | 1/15/2026 | 35598 | 35005 | 35454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489155, 11.050%, 1/13/2031 †§x | Prosper | 1/15/2026 | 47406 | 46613 | 47275 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**62** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489158, 13.470%, 1/13/2031 †§x | Prosper | 1/15/2026 | $26609 | $26165 | $26504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489161, 10.470%, 1/13/2030 †§x | Prosper | 1/15/2026 | 21633 | 21273 | 21590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489164, 13.690%, 1/13/2031 †§x | Prosper | 1/15/2026 | 23724 | 23329 | 23631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489219, 8.580%, 1/23/2029 †x◇ | Prosper | 1/27/2026 | 25450 | 25022 | 25427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489225, 8.210%, 1/23/2030 †x◇ | Prosper | 1/27/2026 | 31930 | 31389 | 31905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489294, 8.590%, 1/23/2031 †x◇ | Prosper | 1/27/2026 | 39680 | 39004 | 39640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489368, 13.600%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 39540 | 38880 | 39384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489370, 12.730%, 11/01/2029 †x | Best Egg | 10/04/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489371, 11.040%, 1/13/2031 †x | Prosper | 1/15/2026 | 49381 | 48555 | 49245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489374, 15.110%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 23736 | 23340 | 23639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489377, 8.860%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 20914 | 20564 | 20861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489380, 14.860%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 20767 | 20421 | 20683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489383, 13.830%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 20095 | 19760 | 20015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489398, 8.590%, 1/13/2031 †§x# | Prosper | 1/15/2026 | 50000 | 49163 | 37794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489401, 10.770%, 1/13/2031 †§x | Prosper | 1/15/2026 | 49376 | 48550 | 49241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489404, 10.910%, 1/13/2030 †§x | Prosper | 1/15/2026 | 49132 | 48304 | 48957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489407, 9.370%, 1/13/2031 †§x | Prosper | 1/15/2026 | 39481 | 38820 | 39378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489410, 8.340%, 1/13/2031 †§x | Prosper | 1/15/2026 | 37531 | 36903 | 37470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489413, 9.880%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32578 | 32033 | 32492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489416, 10.410%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29578 | 29084 | 29413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489417, 7.360%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 37498 | 36885 | 37300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489419, 8.340%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29599 | 29104 | 29551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489422, 8.590%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24668 | 24255 | 24627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489424, 18.050%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 29936 | 29435 | 29668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489425, 10.550%, 1/13/2031 †§x | Prosper | 1/15/2026 | 24686 | 24273 | 24619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489428, 20.340%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21793 | 21431 | 21655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489486, 16.120%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 28212 | 27744 | 28405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489520, 24.630%, 1/23/2031 †§x | Prosper | 1/27/2026 | 31737 | 31192 | 31597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489523, 21.160%, 1/23/2031 †§x | Prosper | 1/27/2026 | 21303 | 20938 | 21216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489585, 14.910%, 11/04/2029 †x | Best Egg | 10/04/2024 | 22067 | 21997 | 21992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489592, 10.500%, 1/23/2031 †§x | Prosper | 1/27/2026 | 49371 | 48529 | 49303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489595, 11.160%, 1/23/2031 †§x | Prosper | 1/27/2026 | 49383 | 48541 | 49312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489598, 10.940%, 1/23/2031 †§x | Prosper | 1/27/2026 | 25223 | 24793 | 25188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489609, 8.740%, 10/01/2029 †x | Best Egg | 10/04/2024 | 33826 | 33725 | 33791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489666, 21.040%, 1/23/2031 †x◇ | Prosper | 1/27/2026 | 22015 | 21638 | 21925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489676, 13.690%, 10/01/2029 †x◇ | Best Egg | 10/04/2024 | 22701 | 22327 | 22552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489692, 11.540%, 1/13/2031 †x | Prosper | 1/15/2026 | 48402 | 47593 | 48266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489695, 11.700%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 47417 | 46624 | 47283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489698, 8.640%, 1/13/2030 †x◇ | Prosper | 1/15/2026 | 47166 | 46381 | 47114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489701, 10.500%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 41317 | 40626 | 41206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489704, 8.890%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 32566 | 32021 | 32511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489707, 10.190%, 1/13/2029 †x◇ | Prosper | 1/15/2026 | 37138 | 36528 | 37056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489710, 8.000%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27623 | 27160 | 27578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489713, 9.850%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 23693 | 23296 | 23630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489716, 10.530%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 23698 | 23302 | 23634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489719, 24.860%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 29755 | 29263 | 29499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489731, 23.570%, 1/13/2031 †x◇ | Prosper | 1/15/2026 | 27539 | 27083 | 27305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489774, 10.120%, 1/23/2029 †§x | Prosper | 1/27/2026 | 48814 | 47993 | 48756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489777, 10.410%, 1/23/2031 †§x | Prosper | 1/27/2026 | 29622 | 29117 | 29581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489779, 14.860%, 1/13/2031 †§x | Prosper | 1/15/2026 | 32634 | 32090 | 32501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489780, 11.360%, 1/23/2031 †§x | Prosper | 1/27/2026 | 24693 | 24272 | 24657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489782, 22.470%, 1/13/2031 †§x | Prosper | 1/15/2026 | 31718 | 31193 | 31452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489783, 12.080%, 1/23/2031 †§x | Prosper | 1/27/2026 | 23711 | 23307 | 23675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489785, 13.600%, 1/13/2031 †§x | Prosper | 1/15/2026 | 27696 | 27234 | 27587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489786, 11.220%, 1/23/2031 †§x | Prosper | 1/27/2026 | 23704 | 23300 | 23670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489788, 23.630%, 1/13/2031 †§x | Prosper | 1/15/2026 | 22805 | 22427 | 22611 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**63** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489791, 16.350%, 1/13/2031 †§x | Prosper | 1/15/2026 | $21766 | $21404 | $21675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489794, 12.920%, 1/13/2031 †§x | Prosper | 1/15/2026 | 21718 | 21355 | 21633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489797, 23.840%, 1/13/2031 †§x | Prosper | 1/15/2026 | 20327 | 19991 | 20154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489800, 14.340%, 1/13/2031 †§x | Prosper | 1/15/2026 | 20269 | 19931 | 20188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489811, 8.330%, 10/02/2029 †x◇ | Best Egg | 10/07/2024 | 38625 | 37993 | 38417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489875, 7.710%, 10/02/2031 †x | Best Egg | 10/07/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489887, 18.180%, 10/02/2027 †x◇ | Best Egg | 10/07/2024 | 21740 | 21408 | 21342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489909, 19.520%, 10/02/2029 †x◇ | Best Egg | 10/07/2024 | 24586 | 24180 | 24719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489912, 10.210%, 10/02/2029 †x | Best Egg | 10/07/2024 | 38262 | 38146 | 38224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489918, 22.770%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 25000 | 24568 | 24674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489938, 9.870%, 1/13/2031 †§x | Prosper | 1/15/2026 | 38625 | 37979 | 38523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489941, 9.870%, 1/13/2031 †§x | Prosper | 1/15/2026 | 29577 | 29077 | 29413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2489985, 21.060%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 28500 | 28007 | 28304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490053, 24.630%, 9/02/2031 †x | Best Egg | 10/07/2024 | 35339 | 35213 | 35067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490072, 13.580%, 1/26/2030 †x#◇ | Prosper | 1/28/2026 | 36000 | 35384 | 35844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490075, 20.510%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 30000 | 29481 | 29801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490078, 15.210%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 26920 | 26457 | 26801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490081, 15.860%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 27000 | 26535 | 26880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490120, 10.500%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 50000 | 49143 | 49843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490123, 23.850%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 28500 | 28007 | 28285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490126, 11.360%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 22500 | 22114 | 22429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490173, 9.870%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 50000 | 49143 | 49844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490178, 15.110%, 1/14/2031 †x◇ | Prosper | 1/16/2026 | 22820 | 22439 | 22732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490179, 11.220%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 36000 | 35382 | 35886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490182, 14.460%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 43000 | 42260 | 42811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490185, 10.530%, 1/26/2031 †x# | Prosper | 1/28/2026 | 50000 | 49143 | 49843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490188, 18.060%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 27470 | 26995 | 27283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490191, 16.120%, 10/02/2029 †x◇ | Best Egg | 10/07/2024 | 26194 | 25762 | 25963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490191, 19.170%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 38457 | 37793 | 38195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490194, 13.600%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 31000 | 30467 | 30864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490214, 11.160%, 1/14/2031 †§x | Prosper | 1/16/2026 | 42937 | 42218 | 42824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490226, 13.690%, 1/14/2031 †x#◇ | Prosper | 1/16/2026 | 41061 | 40367 | 40737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490229, 13.370%, 1/14/2031 †x◇ | Prosper | 1/16/2026 | 21721 | 21358 | 21640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490232, 10.410%, 1/14/2031 †§x | Prosper | 1/16/2026 | 38508 | 37863 | 38410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490236, 22.830%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 30000 | 29481 | 29775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490238, 9.870%, 1/14/2031 †§x | Prosper | 1/16/2026 | 37552 | 36923 | 37458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490239, 14.350%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 30000 | 29484 | 29868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490241, 9.870%, 1/14/2031 †§x | Prosper | 1/16/2026 | 21459 | 21099 | 21405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490242, 13.470%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 24173 | 23758 | 24067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490245, 20.950%, 1/26/2029 †§x# | Prosper | 1/28/2026 | 23500 | 23098 | 23347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490414, 14.290%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 43000 | 42258 | 42722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490417, 14.150%, 1/27/2030 †x#◇ | Prosper | 1/29/2026 | 35000 | 34399 | 34812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490420, 13.830%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 40000 | 39310 | 39772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490423, 14.160%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 26371 | 25916 | 26201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490426, 13.600%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 21976 | 21597 | 21851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490474, 9.560%, 11/16/2029 †x | Best Egg | 10/07/2024 | 23461 | 23388 | 23472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490509, 15.600%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 37500 | 36852 | 37278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490512, 14.160%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 28568 | 28076 | 28404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490515, 14.860%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 28000 | 27517 | 27819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490518, 13.150%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 27470 | 26996 | 27315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490595, 9.310%, 10/02/2029 †x◇ | Best Egg | 10/07/2024 | 37526 | 36909 | 37277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490787, 16.800%, 1/15/2030 †x◇ | Prosper | 1/20/2026 | 21681 | 21321 | 21590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490808, 20.340%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 35661 | 35066 | 35458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490811, 9.870%, 1/15/2031 †§x | Prosper | 1/20/2026 | 48373 | 47560 | 48258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490814, 12.340%, 1/15/2031 †§x | Prosper | 1/20/2026 | 46439 | 45660 | 46318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490817, 12.080%, 1/15/2031 †§x | Prosper | 1/20/2026 | 32213 | 31673 | 32130 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**64** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490823, 9.870%, 1/15/2031 †§x | Prosper | 1/20/2026 | $28969 | $28483 | $28900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490826, 21.490%, 1/15/2031 †§x | Prosper | 1/20/2026 | 23782 | 23385 | 23605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490832, 22.430%, 1/15/2031 †§x | Prosper | 1/20/2026 | 29736 | 29240 | 29511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490979, 10.410%, 1/15/2031 †x | Prosper | 1/20/2026 | 49370 | 48541 | 49250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490982, 11.040%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 29628 | 29131 | 29555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490988, 11.220%, 1/20/2031 †x◇ | Prosper | 1/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2490991, 10.550%, 1/15/2031 †x◇ | Prosper | 1/20/2026 | 26830 | 26379 | 26764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491000, 11.040%, 1/15/2031 †§x | Prosper | 1/20/2026 | 49381 | 48552 | 49258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491000, 11.040%, 10/02/2027 †x◇ | Best Egg | 10/07/2024 | 23243 | 22891 | 23435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491003, 10.980%, 1/15/2031 †§x | Prosper | 1/20/2026 | 42934 | 42214 | 42828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491030, 12.370%, 1/15/2030 †§x | Prosper | 1/20/2026 | 23616 | 23222 | 23569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491033, 11.360%, 1/15/2031 †§x | Prosper | 1/20/2026 | 31607 | 31068 | 31528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491039, 14.420%, 10/02/2029 †x | Best Egg | 10/07/2024 | 35952 | 35841 | 35843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491094, 11.510%, 10/02/2029 †x | Best Egg | 10/07/2024 | 21249 | 21184 | 21187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491594, 8.580%, 1/16/2031 †x | Prosper | 1/21/2026 | 49337 | 48506 | 49264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491597, 10.410%, 1/16/2029 †x◇ | Prosper | 1/21/2026 | 48819 | 48012 | 48726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491600, 10.550%, 1/16/2031 †x◇ | Prosper | 1/21/2026 | 37954 | 37308 | 37824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491603, 11.360%, 1/16/2031 †x◇ | Prosper | 1/21/2026 | 32205 | 31663 | 32128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491606, 8.340%, 1/16/2031 †x◇ | Prosper | 1/21/2026 | 43906 | 43167 | 43842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491615, 15.200%, 10/02/2027 †x | Best Egg | 10/07/2024 | 24427 | 24370 | 24393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491636, 15.330%, 1/16/2031 †§x | Prosper | 1/21/2026 | 21265 | 20908 | 21190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491798, 5.590%, 12/03/2027 †x | Best Egg | 10/07/2024 | 30951 | 30879 | 31064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491828, 13.940%, 10/03/2029 †x◇ | Best Egg | 10/07/2024 | 39846 | 39190 | 39552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491984, 9.070%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 44411 | 43658 | 44356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491987, 20.870%, 1/20/2030 †x◇ | Prosper | 1/22/2026 | 40460 | 39777 | 40323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491990, 8.340%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 25653 | 25218 | 25623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491993, 19.470%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 27729 | 27259 | 27616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491996, 19.170%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 23766 | 23363 | 23670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2491999, 13.500%, 1/20/2030 †x◇ | Prosper | 1/22/2026 | 23796 | 23394 | 23748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492002, 19.130%, 1/20/2029 †x◇ | Prosper | 1/22/2026 | 23509 | 23116 | 23425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492007, 13.690%, 1/28/2031 †x#◇ | Prosper | 1/30/2026 | 28568 | 28087 | 28385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492065, 13.560%, 1/20/2030 †§x | Prosper | 1/22/2026 | 40361 | 39680 | 40280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492068, 15.480%, 1/20/2031 †§x | Prosper | 1/22/2026 | 28684 | 28197 | 28607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492071, 13.830%, 1/20/2031 †§x | Prosper | 1/22/2026 | 23897 | 23491 | 23836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492074, 13.600%, 1/20/2031 †§x# | Prosper | 1/22/2026 | 22555 | 22173 | 22405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492095, 15.630%, 10/03/2029 †x◇ | Best Egg | 10/07/2024 | 37072 | 36458 | 37322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492299, 8.560%, 10/03/2029 †x | Best Egg | 10/07/2024 | 30941 | 30848 | 30955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492398, 9.530%, 12/03/2029 †x# | Best Egg | 10/07/2024 | 40095 | 39969 | 40135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492419, 11.040%, 1/20/2031 †x◇ | Prosper | 1/22/2026 | 27908 | 27435 | 27857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492431, 10.500%, 1/20/2031 †§x# | Prosper | 1/22/2026 | 50000 | 49152 | 37967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492434, 10.550%, 1/20/2031 †§x | Prosper | 1/22/2026 | 38017 | 37372 | 37949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492437, 11.540%, 1/20/2031 †§x | Prosper | 1/22/2026 | 26868 | 26412 | 26818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492439, 9.760%, 11/23/2029 †x | Best Egg | 10/07/2024 | 22717 | 22646 | 22701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492440, 10.650%, 1/20/2030 †§x | Prosper | 1/22/2026 | 25650 | 25218 | 25614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492443, 10.160%, 1/20/2030 †§x | Prosper | 1/22/2026 | 22122 | 21749 | 22091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492446, 11.110%, 1/20/2030 †§x | Prosper | 1/22/2026 | 21379 | 21018 | 21348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492449, 10.500%, 1/20/2031 †§x | Prosper | 1/22/2026 | 21463 | 21100 | 21425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492514, 22.160%, 1/29/2029 †x#◇ | Prosper | 2/02/2026 | 23500 | 23118 | 23239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492600, 23.510%, 1/29/2030 †x#◇ | Prosper | 2/02/2026 | 23500 | 23118 | 23251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492608, 8.360%, 1/21/2031 †x | Prosper | 1/23/2026 | 49333 | 48495 | 49278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492611, 11.160%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 32203 | 31656 | 32148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492614, 13.690%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 23724 | 23321 | 23669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492617, 10.410%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 38633 | 37977 | 38570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492620, 10.410%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21723 | 21354 | 21687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492623, 14.460%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21729 | 21359 | 21677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492626, 9.870%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21718 | 21350 | 21684 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**65** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492661, 20.600%, 10/03/2027 †x#◇ | Best Egg | 10/07/2024 | $22057 | $21712 | $21659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492680, 19.010%, 1/21/2031 †§x | Prosper | 1/23/2026 | 37628 | 36987 | 37487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492683, 24.070%, 1/21/2029 †§x | Prosper | 1/23/2026 | 29435 | 28941 | 29297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492686, 26.330%, 1/21/2031 †§x# | Prosper | 1/23/2026 | 28000 | 27523 | 21703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492689, 22.740%, 1/21/2031 †§x | Prosper | 1/23/2026 | 24782 | 24360 | 24656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492692, 21.560%, 1/21/2031 †§x | Prosper | 1/23/2026 | 21801 | 21429 | 21714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 249269329, 21.810%, 9/19/2028 †§x# | Upgrade | 9/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492798, 18.820%, 1/29/2031 †x#◇ | Prosper | 2/02/2026 | 27000 | 26556 | 26744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492801, 8.000%, 1/29/2031 †x#◇ | Prosper | 2/02/2026 | 29500 | 29003 | 29437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492902, 18.710%, 1/21/2030 †§x | Prosper | 1/23/2026 | 39446 | 38778 | 39329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2492905, 19.600%, 1/21/2031 †§x | Prosper | 1/23/2026 | 33673 | 33100 | 33545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493112, 18.060%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 29968 | 29458 | 29680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493127, 15.110%, 1/21/2031 †§x | Prosper | 1/23/2026 | 42526 | 41803 | 42422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493130, 15.110%, 1/21/2031 †§x | Prosper | 1/23/2026 | 32600 | 32046 | 32520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493145, 14.660%, 10/03/2029 †x◇ | Best Egg | 10/07/2024 | 39997 | 39338 | 39718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493327, 15.060%, 1/30/2031 †x#◇ | Prosper | 2/03/2026 | 43000 | 42030 | 42738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493333, 14.860%, 1/30/2031 †x#◇ | Prosper | 2/03/2026 | 22000 | 21504 | 21866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493336, 20.510%, 1/30/2031 †x#◇ | Prosper | 2/03/2026 | 26371 | 25782 | 26127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493348, 23.490%, 1/30/2031 †§x# | Prosper | 2/03/2026 | 30000 | 29334 | 29629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493351, 12.240%, 1/30/2031 †§x# | Prosper | 2/03/2026 | 29500 | 28831 | 29323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493365, 17.790%, 10/03/2027 †x◇ | Best Egg | 10/07/2024 | 21104 | 20782 | 21098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493443, 18.250%, 1/30/2031 †x#◇ | Prosper | 2/03/2026 | 25000 | 24440 | 24771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493486, 8.690%, 10/06/2027 †x | Best Egg | 10/09/2024 | 26431 | 26372 | 26518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493526, 10.410%, 1/21/2031 †§x | Prosper | 1/23/2026 | 49370 | 48531 | 49289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493529, 10.950%, 1/21/2029 †§x | Prosper | 1/23/2026 | 46876 | 46091 | 46808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493532, 11.110%, 1/21/2031 †§x | Prosper | 1/23/2026 | 49382 | 48543 | 49298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493537, 9.500%, 2/02/2031 †x | Prosper | 2/04/2026 | 50000 | 48870 | 49820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493543, 8.450%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 49000 | 47890 | 48907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493546, 8.760%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 33000 | 32253 | 32937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493549, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 32605 | 31866 | 32544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493552, 10.910%, 2/02/2030 †x◇ | Prosper | 2/04/2026 | 30431 | 29749 | 30359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493555, 8.000%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 30000 | 29327 | 29956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493558, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 27171 | 26555 | 27120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493561, 8.460%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 30000 | 29320 | 29943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493564, 8.590%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 27171 | 26556 | 27119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493567, 10.000%, 2/02/2030 †x◇ | Prosper | 2/04/2026 | 27000 | 26393 | 26937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493570, 10.530%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 26500 | 25903 | 26404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493573, 10.500%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 26500 | 25903 | 26404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493576, 9.800%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 25000 | 24435 | 24952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493579, 19.490%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 25000 | 24449 | 24792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493582, 16.650%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 21976 | 21493 | 21818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493585, 11.160%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 21737 | 21248 | 21658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493588, 9.940%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 22824 | 22308 | 22741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493638, 13.100%, 10/06/2028 †x◇ | Best Egg | 10/09/2024 | 27096 | 26659 | 27394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493644, 11.570%, 2/02/2031 †x | Prosper | 2/04/2026 | 50000 | 48876 | 49817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493647, 10.530%, 2/02/2031 †x | Prosper | 2/04/2026 | 50000 | 48873 | 49819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493650, 8.000%, 2/02/2031 †x | Prosper | 2/04/2026 | 50000 | 48866 | 49906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493653, 8.000%, 2/02/2030 †x◇ | Prosper | 2/04/2026 | 46191 | 45147 | 46147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493656, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 49451 | 48329 | 49358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493659, 9.530%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 50000 | 48870 | 49903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493662, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 42000 | 41047 | 41921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493663, 8.580%, 2/02/2031 †§x | Prosper | 2/04/2026 | 50000 | 48867 | 49905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493665, 8.740%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 43474 | 42489 | 43391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493666, 9.580%, 2/02/2030 †§x | Prosper | 2/04/2026 | 49995 | 48870 | 49945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493668, 11.960%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 46000 | 44967 | 45831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493668, 17.690%, 2/06/2028 †x#◇ | Best Egg | 10/09/2024 | 25657 | 25256 | 25947 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**66** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493669, 8.910%, 2/02/2031 †§x | Prosper | 2/04/2026 | $49000 | $47891 | $48906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493671, 9.790%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 43474 | 42492 | 43317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493672, 8.000%, 2/02/2031 †§x | Prosper | 2/04/2026 | 49000 | 47888 | 48908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493674, 10.110%, 2/02/2028 †x◇ | Prosper | 2/04/2026 | 36605 | 35788 | 36797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493675, 7.840%, 10/06/2027 †x# | Best Egg | 10/09/2024 | 21972 | 21923 | 22010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493675, 8.340%, 2/02/2031 †§x | Prosper | 2/04/2026 | 48908 | 47799 | 48815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493677, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 32000 | 31274 | 31940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493678, 10.410%, 2/02/2031 †§x | Prosper | 2/04/2026 | 43474 | 42493 | 43316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493680, 9.850%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493681, 8.000%, 2/02/2031 †§x | Prosper | 2/04/2026 | 42387 | 41425 | 42307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493682, 16.910%, 10/06/2029 †x◇ | Best Egg | 10/09/2024 | 25325 | 24907 | 25124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493683, 8.460%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 32000 | 31275 | 31939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493684, 8.220%, 2/02/2031 †§x | Prosper | 2/04/2026 | 38000 | 37138 | 37928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493686, 9.580%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 30000 | 29322 | 29942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493687, 10.850%, 2/02/2031 †§x | Prosper | 2/04/2026 | 36000 | 35189 | 35869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493689, 13.660%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 30000 | 29329 | 29836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493690, 10.840%, 2/02/2031 †§x# | Prosper | 2/04/2026 | 33988 | 33199 | 33871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493692, 10.690%, 2/02/2030 †x◇ | Prosper | 2/04/2026 | 28000 | 27372 | 27934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493693, 9.870%, 2/02/2031 †§x | Prosper | 2/04/2026 | 32500 | 31766 | 32383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493695, 8.590%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 26000 | 25411 | 25951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493696, 10.870%, 2/02/2031 †§x | Prosper | 2/04/2026 | 29888 | 29215 | 29779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493698, 8.740%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 24000 | 23457 | 23954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493699, 8.160%, 2/02/2031 †§x | Prosper | 2/04/2026 | 29500 | 28831 | 29444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493701, 8.220%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 24000 | 23456 | 23955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493702, 10.870%, 2/02/2031 †§x | Prosper | 2/04/2026 | 27171 | 26559 | 27072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493704, 18.140%, 2/02/2030 †x◇ | Prosper | 2/04/2026 | 22000 | 21515 | 21856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493705, 16.780%, 2/02/2031 †§x | Prosper | 2/04/2026 | 26500 | 25912 | 26283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493707, 8.310%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 20650 | 20182 | 20611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493708, 11.230%, 2/02/2031 †§x | Prosper | 2/04/2026 | 20854 | 20372 | 20782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493712, 12.020%, 11/06/2027 †x | Best Egg | 10/09/2024 | 31745 | 31261 | 32031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493725, 24.840%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 22000 | 21522 | 21753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493766, 8.090%, 1/21/2030 †x◇ | Prosper | 1/23/2026 | 47156 | 46360 | 47117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493769, 8.300%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 45385 | 44615 | 45335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493772, 15.190%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 37088 | 36457 | 36996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493775, 19.270%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 39171 | 38505 | 39024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493778, 8.580%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 23682 | 23280 | 23655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493781, 22.830%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 29739 | 29232 | 29588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493782, 20.690%, 10/06/2029 †x◇ | Best Egg | 10/09/2024 | 20602 | 20261 | 20407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493784, 19.170%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 20981 | 20622 | 20776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493787, 9.070%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 21452 | 21088 | 21427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493790, 8.760%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 24131 | 23721 | 24103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493802, 18.840%, 1/21/2031 †x◇ | Prosper | 1/23/2026 | 22278 | 21899 | 22196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493809, 11.160%, 2/02/2031 †§x | Prosper | 2/04/2026 | 50000 | 48875 | 49818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493812, 9.870%, 2/02/2031 †§x | Prosper | 2/04/2026 | 50000 | 48871 | 49820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493815, 9.500%, 2/02/2029 †§x | Prosper | 2/04/2026 | 49000 | 47905 | 48862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493818, 8.000%, 2/02/2030 †§x | Prosper | 2/04/2026 | 43474 | 42491 | 43432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493821, 8.740%, 2/02/2031 †§x | Prosper | 2/04/2026 | 42000 | 41049 | 41920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493824, 8.340%, 2/02/2031 †§x | Prosper | 2/04/2026 | 33000 | 32252 | 32937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493827, 10.850%, 2/02/2031 †§x | Prosper | 2/04/2026 | 32605 | 31871 | 32487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493830, 8.020%, 2/02/2031 †§x | Prosper | 2/04/2026 | 32073 | 31332 | 32012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493833, 8.220%, 2/02/2031 †§x | Prosper | 2/04/2026 | 32605 | 31866 | 32544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493836, 8.510%, 2/02/2031 †§x | Prosper | 2/04/2026 | 28258 | 27618 | 28204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493842, 10.530%, 2/02/2031 †§x | Prosper | 2/04/2026 | 26084 | 25496 | 25990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493845, 9.800%, 2/02/2029 †§x | Prosper | 2/04/2026 | 24000 | 23464 | 23932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493848, 23.530%, 2/02/2031 †§x | Prosper | 2/04/2026 | 24000 | 23477 | 23797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493851, 12.540%, 2/02/2031 †§x | Prosper | 2/04/2026 | 24000 | 23462 | 23911 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**67** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493854, 10.040%, 2/02/2031 †§x | Prosper | 2/04/2026 | $22824 | $22308 | $22741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493889, 19.170%, 1/21/2031 †§x | Prosper | 1/23/2026 | 36144 | 35529 | 36009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493898, 8.760%, 1/21/2031 †§x | Prosper | 1/23/2026 | 29604 | 29101 | 29570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493903, 17.920%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 32500 | 31789 | 32266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493904, 8.330%, 1/21/2031 †§x | Prosper | 1/23/2026 | 43965 | 43219 | 43916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493906, 22.450%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 30000 | 29344 | 29667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493909, 17.800%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 26500 | 25920 | 26309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493910, 17.710%, 1/21/2031 †§x# | Prosper | 1/23/2026 | 27000 | 26541 | 20638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493912, 14.860%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2493915, 15.800%, 10/06/2028 †x◇ | Best Egg | 10/09/2024 | 31885 | 31373 | 31883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494073, 13.690%, 10/06/2029 †x◇ | Best Egg | 10/09/2024 | 38095 | 37467 | 37827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494103, 19.980%, 2/02/2031 †§x | Prosper | 2/04/2026 | 36000 | 35208 | 35700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494106, 19.050%, 2/02/2031 †§x | Prosper | 2/04/2026 | 27470 | 26863 | 27242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494106, 23.660%, 12/06/2027 †x# | Best Egg | 10/09/2024 | 29837 | 29363 | 29372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494109, 14.350%, 2/02/2031 †§x | Prosper | 2/04/2026 | 26371 | 25782 | 26226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494112, 16.270%, 2/02/2031 †§x | Prosper | 2/04/2026 | 24500 | 23956 | 24364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494125, 18.700%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 33000 | 32270 | 32737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494126, 15.710%, 10/06/2029 †x | Best Egg | 10/09/2024 | 39026 | 38904 | 39023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494146, 14.160%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 21000 | 20530 | 20889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494149, 20.720%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 20788 | 20301 | 20621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494155, 18.060%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 40000 | 39113 | 39682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 249422937, 24.200%, 10/04/2028 †§x# | Upgrade | 9/25/2023 | 28192 | 28000 | 29356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494258, 15.920%, 10/06/2031 †x | Best Egg | 10/09/2024 | 22102 | 22026 | 22078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494271, 9.850%, 2/03/2031 †x | Prosper | 2/05/2026 | 50000 | 48869 | 49826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494310, 18.640%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 24000 | 23469 | 23809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494343, 15.330%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 32963 | 32228 | 32788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494374, 9.360%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 47500 | 46425 | 47412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494377, 11.050%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 40500 | 39587 | 40358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494380, 11.300%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 31000 | 30301 | 30891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494383, 11.850%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 30000 | 29325 | 29894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494386, 8.740%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 23500 | 22967 | 23457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494416, 8.000%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48864 | 49909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494419, 12.040%, 2/03/2031 †§x | Prosper | 2/05/2026 | 33692 | 32934 | 33573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494422, 11.410%, 2/03/2031 †§x | Prosper | 2/05/2026 | 29500 | 28835 | 29396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494425, 10.530%, 2/03/2031 †§x | Prosper | 2/05/2026 | 25000 | 24436 | 24913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494428, 15.210%, 2/03/2031 †§x | Prosper | 2/05/2026 | 24500 | 23953 | 24370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494595, 11.360%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 42000 | 41054 | 41852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494598, 8.000%, 2/03/2030 †x◇ | Prosper | 2/05/2026 | 30000 | 29321 | 29972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494601, 8.000%, 2/03/2028 †x◇ | Prosper | 2/05/2026 | 24000 | 23468 | 23980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494604, 8.510%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 24000 | 23456 | 23956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494607, 11.360%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 23500 | 22970 | 23417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494622, 13.420%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48879 | 49821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494625, 10.550%, 2/03/2031 †§x | Prosper | 2/05/2026 | 31000 | 30300 | 30892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494628, 11.300%, 2/03/2031 †§x | Prosper | 2/05/2026 | 30500 | 29813 | 30393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494631, 11.500%, 2/03/2031 †§x | Prosper | 2/05/2026 | 23000 | 22482 | 22919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494632, 10.640%, 2/03/2031 †x | Prosper | 2/05/2026 | 50000 | 48871 | 49825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494638, 9.850%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 30478 | 29772 | 30377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494641, 10.940%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 29500 | 28835 | 29397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494644, 9.760%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 29000 | 28344 | 28899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494647, 12.200%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 27171 | 26560 | 27075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494650, 22.700%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 24000 | 23474 | 23743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494653, 23.850%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 22220 | 21734 | 21981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494656, 11.700%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 21737 | 21247 | 21660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494668, 10.300%, 2/03/2029 †x◇ | Prosper | 2/05/2026 | 21500 | 21019 | 21441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494716, 11.600%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48874 | 49824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494719, 10.870%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48872 | 49825 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**68** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494722, 11.330%, 2/03/2029 †§x | Prosper | 2/05/2026 | $41000 | $40086 | $40886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494728, 18.660%, 2/03/2031 †§x | Prosper | 2/05/2026 | 38500 | 37648 | 38193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 249472933, 15.600%, 9/20/2028 †§x | Upgrade | 9/25/2023 | 20824 | 20696 | 21272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494731, 20.560%, 2/03/2031 †§x | Prosper | 2/05/2026 | 33000 | 32273 | 32735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494734, 11.060%, 2/03/2030 †§x | Prosper | 2/05/2026 | 33149 | 32404 | 33073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494737, 10.940%, 2/03/2031 †§x | Prosper | 2/05/2026 | 30431 | 29745 | 30325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494773, 10.510%, 10/06/2029 †x◇ | Best Egg | 10/09/2024 | 26482 | 26048 | 26563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494793, 11.000%, 2/03/2031 †x | Prosper | 2/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494796, 24.890%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 32000 | 31303 | 31654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494799, 11.570%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 36337 | 35497 | 36215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494802, 12.200%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 29345 | 28685 | 29241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494805, 10.300%, 2/03/2030 †x◇ | Prosper | 2/05/2026 | 24000 | 23460 | 23946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494808, 10.410%, 2/03/2029 †x◇ | Prosper | 2/05/2026 | 22000 | 21508 | 21940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494844, 9.760%, 2/03/2031 †§x | Prosper | 2/05/2026 | 49000 | 47892 | 48830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494847, 12.200%, 2/03/2031 †§x | Prosper | 2/05/2026 | 48000 | 46921 | 47830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494850, 11.360%, 2/03/2031 †§x | Prosper | 2/05/2026 | 47000 | 45941 | 46835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494853, 20.050%, 2/03/2031 †§x | Prosper | 2/05/2026 | 41000 | 40096 | 40671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494856, 10.870%, 2/03/2031 †§x | Prosper | 2/05/2026 | 27171 | 26558 | 27076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494859, 12.220%, 2/03/2031 †§x | Prosper | 2/05/2026 | 25500 | 24927 | 25410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2494862, 10.870%, 2/03/2031 †§x | Prosper | 2/05/2026 | 23367 | 22840 | 23285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495011, 23.050%, 1/23/2031 †§x | Prosper | 1/27/2026 | 28085 | 27604 | 27966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495016, 8.760%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48866 | 49908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495019, 8.000%, 2/03/2029 †§x | Prosper | 2/05/2026 | 29000 | 28348 | 28959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495022, 8.740%, 2/03/2031 †§x | Prosper | 2/05/2026 | 22280 | 21775 | 22239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495061, 23.890%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 23500 | 22987 | 23247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495098, 10.550%, 1/23/2031 †§x | Prosper | 1/27/2026 | 29623 | 29118 | 29582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495215, 15.880%, 10/06/2029 †x◇ | Best Egg | 10/09/2024 | 30589 | 30085 | 30813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495216, 10.850%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 43474 | 42493 | 43321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495219, 22.010%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 40000 | 39122 | 39676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495256, 20.200%, 2/04/2031 †§x | Prosper | 2/06/2026 | 25000 | 24447 | 24746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495336, 13.970%, 11/06/2027 †x# | Best Egg | 10/09/2024 | 29822 | 29364 | 30100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495467, 15.750%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 32963 | 32396 | 32817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495470, 19.050%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 21000 | 20637 | 20857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495472, 15.360%, 2/04/2030 †x◇ | Prosper | 2/06/2026 | 42000 | 41064 | 41820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495478, 23.060%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 32000 | 31297 | 31670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495484, 21.620%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 30000 | 29339 | 29693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495490, 10.530%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 27171 | 26557 | 27080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495539, 13.750%, 1/26/2031 †x◇ | Prosper | 1/28/2026 | 42280 | 41562 | 42052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495541, 13.850%, 2/04/2030 †§x | Prosper | 2/06/2026 | 36500 | 35684 | 36345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495542, 17.410%, 1/26/2029 †x#◇ | Prosper | 1/28/2026 | 36000 | 35386 | 35810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495544, 19.490%, 2/04/2031 †§x | Prosper | 2/06/2026 | 35000 | 34225 | 34731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495545, 15.830%, 1/26/2031 †x#◇ | Prosper | 1/28/2026 | 24000 | 23587 | 23893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495547, 13.600%, 2/04/2031 †§x | Prosper | 2/06/2026 | 26500 | 25905 | 26366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495550, 18.370%, 2/04/2030 †§x | Prosper | 2/06/2026 | 24000 | 23469 | 23854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495575, 21.540%, 1/26/2031 †§x# | Prosper | 1/28/2026 | 27775 | 27294 | 27567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495580, 15.880%, 2/06/2030 †x# | Best Egg | 10/09/2024 | 22830 | 22751 | 22784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495678, 11.700%, 2/04/2031 †x | Prosper | 2/06/2026 | 50000 | 48872 | 49830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495681, 25.040%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 30000 | 29344 | 29688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495684, 10.870%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 27171 | 26557 | 27079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495687, 10.700%, 2/04/2031 †x | Prosper | 2/06/2026 | 50000 | 48870 | 49832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495690, 10.300%, 2/04/2030 †x◇ | Prosper | 2/06/2026 | 24000 | 23459 | 23947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495693, 13.670%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 33000 | 32259 | 32833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495702, 9.780%, 2/04/2029 †x◇ | Prosper | 2/06/2026 | 35000 | 34215 | 34908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495709, 9.180%, 10/06/2027 †x | Best Egg | 10/09/2024 | 26245 | 26186 | 26324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495712, 11.250%, 2/04/2030 †x◇ | Prosper | 2/06/2026 | 50000 | 48875 | 49889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495714, 11.330%, 2/04/2029 †x◇ | Prosper | 2/06/2026 | 21737 | 21251 | 21679 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**69** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495715, 11.410%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | $26000 | $25413 | $25912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495736, 11.980%, 2/05/2031 †x | Prosper | 2/09/2026 | 49134 | 47999 | 48983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495777, 10.720%, 2/04/2029 †§x | Prosper | 2/06/2026 | 50000 | 48881 | 49867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495780, 12.220%, 2/04/2031 †§x | Prosper | 2/06/2026 | 50000 | 48874 | 49829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495783, 12.200%, 2/04/2031 †§x | Prosper | 2/06/2026 | 34500 | 33723 | 34382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495786, 14.060%, 2/04/2031 †§x | Prosper | 2/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495787, 9.310%, 10/06/2029 †x◇ | Best Egg | 10/09/2024 | 31068 | 30559 | 30873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495789, 10.070%, 2/04/2029 †§x | Prosper | 2/06/2026 | 30000 | 29328 | 29921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495792, 10.870%, 2/04/2031 †§x | Prosper | 2/06/2026 | 27171 | 26557 | 27079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495795, 13.830%, 2/04/2031 †§x | Prosper | 2/06/2026 | 28568 | 27927 | 28424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495798, 11.700%, 2/04/2031 †§x | Prosper | 2/06/2026 | 26084 | 25496 | 25996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495804, 12.550%, 2/04/2031 †§x | Prosper | 2/06/2026 | 23910 | 23372 | 23829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495826, 14.230%, 2/05/2029 †x◇ | Prosper | 2/09/2026 | 40000 | 39110 | 39813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495917, 15.830%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 34500 | 33904 | 34295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495920, 12.850%, 1/27/2029 †x#◇ | Prosper | 1/29/2026 | 32963 | 32402 | 32765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495923, 14.660%, 1/27/2030 †x#◇ | Prosper | 1/29/2026 | 27470 | 26998 | 27322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495926, 13.150%, 1/27/2031 †x#◇ | Prosper | 1/29/2026 | 27470 | 26996 | 27315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495952, 11.880%, 11/10/2029 †x◇ | Best Egg | 10/09/2024 | 32208 | 31678 | 31976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495958, 23.440%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 31000 | 30318 | 30693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495961, 12.650%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 43000 | 42031 | 42793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495964, 11.330%, 2/05/2029 †x◇ | Prosper | 2/09/2026 | 21000 | 20530 | 20946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2495967, 12.240%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 31000 | 30301 | 30851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496005, 10.640%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 25000 | 24435 | 24916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496008, 11.050%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 30000 | 29322 | 29899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496015, 21.490%, 2/05/2031 †§x | Prosper | 2/09/2026 | 31000 | 30315 | 30696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496029, 18.990%, 2/04/2030 †§x# | Prosper | 2/06/2026 | 39237 | 38325 | 39020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496177, 15.880%, 10/06/2029 †x | Best Egg | 10/09/2024 | 39068 | 38946 | 38948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496197, 15.330%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 24000 | 23462 | 23882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496200, 15.750%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 21000 | 20530 | 20897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496203, 11.950%, 10/06/2029 †x◇ | Best Egg | 10/09/2024 | 23114 | 22735 | 22958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496231, 13.930%, 11/26/2029 †x | Best Egg | 10/09/2024 | 22113 | 22042 | 22119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496311, 8.690%, 11/14/2027 †x | Best Egg | 10/09/2024 | 20882 | 20833 | 20945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496326, 13.830%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 30500 | 29814 | 30352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496329, 10.660%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 29530 | 28862 | 29435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496332, 15.360%, 2/05/2030 †x◇ | Prosper | 2/09/2026 | 27000 | 26397 | 26889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496335, 13.610%, 2/05/2029 †x◇ | Prosper | 2/09/2026 | 21976 | 21486 | 21873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496338, 13.750%, 2/05/2031 †x◇ | Prosper | 2/09/2026 | 41204 | 40278 | 41004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496341, 14.650%, 2/05/2030 †x◇ | Prosper | 2/09/2026 | 21976 | 21484 | 21886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496363, 16.120%, 2/06/2031 †§x | Prosper | 2/10/2026 | 42000 | 41059 | 41802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496366, 18.240%, 2/06/2029 †§x | Prosper | 2/10/2026 | 41000 | 40094 | 40748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496369, 17.530%, 2/06/2031 †§x | Prosper | 2/10/2026 | 39000 | 38128 | 38814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496372, 22.390%, 2/06/2031 †§x | Prosper | 2/10/2026 | 32000 | 31292 | 31698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496375, 13.500%, 2/06/2030 †§x | Prosper | 2/10/2026 | 26371 | 25778 | 26268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496378, 14.860%, 2/06/2031 †§x | Prosper | 2/10/2026 | 24000 | 23461 | 23888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496381, 15.210%, 2/06/2031 †§x | Prosper | 2/10/2026 | 22525 | 22019 | 22419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496384, 22.700%, 2/06/2031 †§x | Prosper | 2/10/2026 | 22220 | 21729 | 22010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496386, 18.980%, 2/05/2031 †§x | Prosper | 2/09/2026 | 41000 | 40089 | 40698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496387, 14.160%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21976 | 21481 | 21873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496389, 20.560%, 2/05/2031 †§x | Prosper | 2/09/2026 | 40000 | 39114 | 39703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496390, 14.340%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21976 | 21481 | 21873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496392, 14.160%, 2/05/2031 †§x | Prosper | 2/09/2026 | 25821 | 25241 | 25696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496395, 20.380%, 2/05/2031 †§x | Prosper | 2/09/2026 | 24500 | 23957 | 24318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496398, 19.580%, 2/05/2031 †§x | Prosper | 2/09/2026 | 21976 | 21488 | 21813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496531, 11.000%, 10/07/2029 †x | Best Egg | 10/10/2024 | 32157 | 32059 | 32173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496546, 11.160%, 2/06/2031 †§x | Prosper | 2/10/2026 | 48000 | 46913 | 47851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496579, 9.330%, 10/07/2029 †x#◇ | Best Egg | 10/10/2024 | 23283 | 22900 | 23139 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**70** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496643, 16.120%, 11/18/2029 †x◇ | Best Egg | 10/10/2024 | $36821 | $36207 | $37060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496645, 18.250%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 38457 | 37599 | 38187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496648, 19.480%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 35000 | 34221 | 35138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496651, 19.170%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 24000 | 23466 | 23831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496660, 19.010%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 24000 | 23465 | 23831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496669, 14.060%, 2/06/2031 †§x | Prosper | 2/10/2026 | 40655 | 39740 | 40465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496672, 20.910%, 2/06/2031 †§x | Prosper | 2/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496675, 14.830%, 2/06/2030 †§x | Prosper | 2/10/2026 | 36000 | 35194 | 35859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496678, 18.250%, 2/06/2031 †§x | Prosper | 2/10/2026 | 34062 | 33302 | 33823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496681, 19.920%, 2/06/2031 †§x | Prosper | 2/10/2026 | 30000 | 29333 | 29787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496684, 17.520%, 2/06/2030 †§x | Prosper | 2/10/2026 | 22000 | 21510 | 21878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496687, 15.970%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21976 | 21483 | 21872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496731, 19.170%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 26250 | 25665 | 26065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496734, 14.060%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 25272 | 24703 | 25154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496737, 13.150%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 37908 | 37053 | 37732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496740, 21.170%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 26000 | 25424 | 25815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496743, 19.310%, 2/06/2029 †x◇ | Prosper | 2/10/2026 | 21976 | 21491 | 21840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496764, 15.360%, 2/06/2030 †§x | Prosper | 2/10/2026 | 27470 | 26855 | 27361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496767, 20.410%, 2/06/2030 †§x | Prosper | 2/10/2026 | 30766 | 30085 | 30592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496770, 20.560%, 2/06/2031 †§x | Prosper | 2/10/2026 | 27470 | 26860 | 27274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496773, 19.090%, 2/06/2029 †§x | Prosper | 2/10/2026 | 21976 | 21491 | 21840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496776, 14.340%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21976 | 21481 | 21873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496779, 20.340%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21976 | 21487 | 21820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496804, 14.910%, 10/07/2029 †x | Best Egg | 10/10/2024 | 24030 | 23955 | 23963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496888, 8.890%, 2/06/2031 †§x | Prosper | 2/10/2026 | 50000 | 48862 | 49918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496891, 10.720%, 2/06/2029 †§x | Prosper | 2/10/2026 | 40000 | 39101 | 39902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496894, 17.220%, 2/06/2029 †§x | Prosper | 2/10/2026 | 33000 | 32269 | 32799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496897, 11.980%, 2/06/2031 †§x | Prosper | 2/10/2026 | 25000 | 24435 | 24922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2496900, 11.220%, 2/06/2031 †§x | Prosper | 2/10/2026 | 22000 | 21502 | 21931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497013, 20.890%, 2/06/2030 †x◇ | Prosper | 2/10/2026 | 24000 | 23469 | 23864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497019, 16.110%, 12/07/2029 †x | Best Egg | 10/10/2024 | 34256 | 33689 | 33650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497035, 11.110%, 10/07/2029 †x | Best Egg | 10/10/2024 | 31890 | 31793 | 31862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497035, 15.260%, 2/09/2029 †x◇ | Prosper | 2/11/2026 | 41000 | 40081 | 40785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497038, 21.550%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 21976 | 21485 | 21839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497040, 14.230%, 2/06/2031 †§x | Prosper | 2/10/2026 | 37500 | 36656 | 37325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497043, 21.050%, 2/06/2030 †§x | Prosper | 2/10/2026 | 30000 | 29337 | 29765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497046, 17.140%, 2/06/2031 †§x | Prosper | 2/10/2026 | 27000 | 26396 | 26812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497049, 13.600%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21426 | 20943 | 21327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497052, 17.900%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21000 | 20531 | 20853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497055, 20.880%, 2/06/2031 †§x | Prosper | 2/10/2026 | 20327 | 19876 | 20183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497082, 10.020%, 11/20/2029 †x | Best Egg | 10/10/2024 | 38020 | 37901 | 38037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497083, 19.170%, 2/09/2031 †§x | Prosper | 2/11/2026 | 27470 | 26853 | 27301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497086, 19.170%, 2/09/2031 †§x | Prosper | 2/11/2026 | 24000 | 23462 | 23853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497102, 20.940%, 2/07/2030 †x# | Best Egg | 10/10/2024 | 24513 | 24103 | 24344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497203, 12.060%, 2/09/2029 †§x | Prosper | 2/11/2026 | 32500 | 31767 | 32375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497205, 6.860%, 2/18/2028 †x | Best Egg | 10/10/2024 | 23535 | 23478 | 23634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497217, 12.300%, 2/06/2030 †§x | Prosper | 2/10/2026 | 40500 | 39588 | 40416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497220, 15.150%, 2/06/2031 †§x | Prosper | 2/10/2026 | 30000 | 29326 | 29859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497223, 10.910%, 2/06/2030 †§x | Prosper | 2/10/2026 | 29000 | 28345 | 28941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497226, 20.380%, 2/06/2031 †§x | Prosper | 2/10/2026 | 24000 | 23467 | 23830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497229, 19.120%, 2/06/2031 †§x | Prosper | 2/10/2026 | 23000 | 22488 | 22838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497230, 10.200%, 2/09/2029 †x◇ | Prosper | 2/11/2026 | 49995 | 48864 | 49888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497232, 23.090%, 10/07/2029 †x◇ | Best Egg | 10/10/2024 | 31658 | 31133 | 30625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497233, 8.580%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 40000 | 39085 | 39943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497236, 11.980%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 30000 | 29318 | 29918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497239, 11.990%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 26413 | 25813 | 26341 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**71** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497257, 8.340%, 2/09/2031 †§x | Prosper | 2/11/2026 | $43474 | $42479 | $43411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497260, 11.360%, 2/09/2031 †§x | Prosper | 2/11/2026 | 27000 | 26386 | 26927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497263, 12.550%, 2/09/2031 †§x | Prosper | 2/11/2026 | 27000 | 26387 | 26926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497266, 8.860%, 2/09/2031 †x | Prosper | 2/11/2026 | 50000 | 48857 | 49928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 249726658, 24.200%, 9/30/2028 †x# | Upgrade | 9/25/2023 | 24546 | 24381 | 21906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497269, 10.850%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 24997 | 24428 | 24930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497278, 8.010%, 2/09/2029 †§x | Prosper | 2/11/2026 | 31000 | 30296 | 30965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497281, 11.160%, 2/09/2031 †§x | Prosper | 2/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497290, 10.530%, 2/09/2031 †§x | Prosper | 2/11/2026 | 48000 | 46906 | 47871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497293, 10.550%, 2/09/2031 †§x | Prosper | 2/11/2026 | 25000 | 24430 | 24933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497305, 8.910%, 2/09/2031 †§x | Prosper | 2/11/2026 | 20650 | 20178 | 20620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497308, 8.740%, 2/09/2031 †§x | Prosper | 2/11/2026 | 44000 | 42994 | 43937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497343, 24.660%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 32000 | 31290 | 31735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497349, 19.410%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 24000 | 23462 | 23853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497352, 18.060%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 23000 | 22483 | 22860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497355, 21.250%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 33500 | 32752 | 33292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497419, 15.150%, 10/07/2029 †x◇ | Best Egg | 10/10/2024 | 40099 | 39438 | 39439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497518, 10.870%, 2/09/2031 †§x | Prosper | 2/11/2026 | 23910 | 23366 | 23846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497521, 8.860%, 2/09/2031 †§x | Prosper | 2/11/2026 | 22824 | 22302 | 22791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497524, 11.160%, 2/09/2031 †§x | Prosper | 2/11/2026 | 20700 | 20229 | 20644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497541, 11.500%, 2/09/2031 †x | Prosper | 2/11/2026 | 50000 | 48862 | 49864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497544, 11.500%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 45000 | 43976 | 44878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497547, 9.780%, 2/09/2029 †x◇ | Prosper | 2/11/2026 | 42000 | 41049 | 41911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497550, 11.980%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 37000 | 36159 | 36899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497556, 11.160%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 30431 | 29739 | 30349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497559, 11.210%, 2/09/2029 †x◇ | Prosper | 2/11/2026 | 30000 | 29323 | 29935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497563, 8.030%, 11/23/2029 †x◇ | Best Egg | 10/10/2024 | 33224 | 32677 | 33031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497564, 13.260%, 1/28/2031 †§x# | Prosper | 1/30/2026 | 21976 | 21605 | 21835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497586, 10.990%, 2/09/2031 †§x | Prosper | 2/11/2026 | 50000 | 48861 | 49865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497589, 8.000%, 2/09/2031 †§x | Prosper | 2/11/2026 | 30000 | 29313 | 29957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497592, 11.980%, 2/09/2031 †§x | Prosper | 2/11/2026 | 27171 | 26553 | 27097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497595, 9.270%, 2/09/2031 †§x | Prosper | 2/11/2026 | 22280 | 21771 | 22248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497598, 8.000%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 43474 | 42478 | 43412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497604, 10.940%, 2/09/2031 †§x | Prosper | 2/11/2026 | 50000 | 48861 | 49865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497605, 12.080%, 2/10/2031 †x | Prosper | 2/12/2026 | 50000 | 48862 | 49870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497608, 11.500%, 2/10/2031 †x | Prosper | 2/12/2026 | 48000 | 46906 | 47876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497611, 8.510%, 2/10/2030 †x◇ | Prosper | 2/12/2026 | 30000 | 29315 | 29978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497614, 12.220%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 27171 | 26553 | 27100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497617, 12.540%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 30000 | 29318 | 29921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497620, 8.260%, 2/10/2029 †x◇ | Prosper | 2/12/2026 | 21737 | 21242 | 21713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497650, 10.530%, 2/10/2031 †§x | Prosper | 2/12/2026 | 50000 | 48859 | 49872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497653, 11.360%, 2/10/2031 †§x | Prosper | 2/12/2026 | 50000 | 48860 | 49871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497656, 13.290%, 2/10/2031 †§x | Prosper | 2/12/2026 | 50000 | 48864 | 49868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497659, 8.910%, 2/10/2031 †§x | Prosper | 2/12/2026 | 48908 | 47788 | 48840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497662, 8.340%, 2/10/2031 †§x | Prosper | 2/12/2026 | 42000 | 41038 | 41943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497665, 15.330%, 2/10/2031 †§x | Prosper | 2/12/2026 | 26371 | 25774 | 26269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497668, 10.790%, 2/10/2031 †§x | Prosper | 2/12/2026 | 21000 | 20521 | 20946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497704, 4.990%, 12/07/2027 †x | Best Egg | 10/10/2024 | 30199 | 30129 | 30311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497766, 8.560%, 2/09/2030 †x◇ | Prosper | 2/11/2026 | 50000 | 48860 | 49962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497769, 8.460%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 30000 | 29314 | 29957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497770, 23.660%, 11/18/2027 †x◇ | Best Egg | 10/10/2024 | 24631 | 24249 | 24242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497772, 8.910%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 28529 | 27873 | 28488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497775, 9.800%, 2/09/2029 †x◇ | Prosper | 2/11/2026 | 22000 | 21502 | 21954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497778, 10.870%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 21000 | 20522 | 20943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497787, 8.020%, 2/09/2031 †§x | Prosper | 2/11/2026 | 23500 | 22962 | 23467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497790, 10.700%, 2/09/2029 †§x | Prosper | 2/11/2026 | 21737 | 21246 | 21690 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**72** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497835, 21.910%, 10/07/2029 †x◇ | Best Egg | 10/10/2024 | $32594 | $32028 | $31854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497853, 10.850%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 45647 | 44606 | 45530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497856, 12.540%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 37000 | 36158 | 36903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497859, 11.010%, 2/10/2029 †x◇ | Prosper | 2/12/2026 | 27171 | 26556 | 27115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497862, 10.300%, 2/10/2029 †x◇ | Prosper | 2/12/2026 | 25000 | 24434 | 24949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497869, 9.800%, 2/10/2029 †x◇ | Prosper | 2/12/2026 | 43474 | 42488 | 43386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497872, 8.740%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 32605 | 31859 | 32560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497875, 11.740%, 2/10/2030 †x◇ | Prosper | 2/12/2026 | 23910 | 23367 | 23869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497878, 11.980%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 23910 | 23366 | 23848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497883, 8.580%, 2/10/2031 †§x | Prosper | 2/12/2026 | 50000 | 48855 | 49931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497886, 8.090%, 2/10/2030 †§x | Prosper | 2/12/2026 | 40000 | 39086 | 39971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497889, 11.840%, 2/10/2031 †§x | Prosper | 2/12/2026 | 31315 | 30602 | 31197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497896, 8.000%, 2/10/2031 †§x | Prosper | 2/12/2026 | 50000 | 48854 | 49932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497902, 8.910%, 2/10/2031 †§x | Prosper | 2/12/2026 | 40213 | 39293 | 40158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497905, 10.300%, 2/10/2030 †§x | Prosper | 2/12/2026 | 38039 | 37173 | 37975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497908, 11.410%, 2/10/2031 †§x | Prosper | 2/12/2026 | 35000 | 34202 | 34910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497911, 8.010%, 2/10/2029 †§x | Prosper | 2/12/2026 | 34000 | 33227 | 33964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497914, 10.600%, 2/10/2030 †§x | Prosper | 2/12/2026 | 26000 | 25408 | 25956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497917, 11.620%, 2/10/2031 †§x | Prosper | 2/12/2026 | 24997 | 24428 | 24933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497969, 8.250%, 10/07/2031 †x | Best Egg | 10/10/2024 | 42555 | 42413 | 42712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497984, 23.060%, 1/29/2031 †x#◇ | Prosper | 2/02/2026 | 23500 | 23118 | 23200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497987, 28.890%, 1/29/2031 †x#◇ | Prosper | 2/02/2026 | 22220 | 21865 | 21930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2497993, 22.910%, 1/29/2031 †§x# | Prosper | 2/02/2026 | 24000 | 23610 | 23694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498084, 10.550%, 2/10/2031 †x | Prosper | 2/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498090, 11.850%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 43474 | 42483 | 43361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498093, 8.140%, 2/10/2029 †x◇ | Prosper | 2/12/2026 | 38039 | 37174 | 37998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498096, 11.410%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 30431 | 29738 | 30353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498099, 12.080%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 24000 | 23454 | 23937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498099, 14.660%, 10/07/2029 †x◇ | Best Egg | 10/10/2024 | 20613 | 20271 | 20767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498126, 10.850%, 2/10/2031 †§x | Prosper | 2/12/2026 | 50000 | 48859 | 49872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498129, 11.940%, 2/10/2031 †§x | Prosper | 2/12/2026 | 41300 | 40359 | 41192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498132, 8.800%, 2/10/2029 †§x | Prosper | 2/12/2026 | 33692 | 32927 | 33625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498135, 8.760%, 2/10/2031 †§x | Prosper | 2/12/2026 | 27171 | 26549 | 27134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498138, 13.180%, 2/10/2031 †§x | Prosper | 2/12/2026 | 21000 | 20523 | 20945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498155, 4.900%, 10/07/2027 †x | Best Egg | 10/10/2024 | 22943 | 22893 | 23023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498266, 17.560%, 10/07/2029 †x◇ | Best Egg | 10/10/2024 | 34040 | 33478 | 33793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498278, 19.500%, 10/07/2029 †x◇ | Best Egg | 10/10/2024 | 39873 | 39208 | 39561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498309, 15.150%, 10/07/2029 †x◇ | Best Egg | 10/10/2024 | 20694 | 20353 | 20543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498456, 8.550%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 50000 | 48855 | 49932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498556, 27.820%, 10/08/2028 †x◇ | Best Egg | 10/11/2024 | 38939 | 38307 | 38052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498591, 6.860%, 10/08/2027 †x | Best Egg | 10/11/2024 | 28456 | 28392 | 28553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498679, 20.480%, 2/10/2031 †§x | Prosper | 2/12/2026 | 30000 | 29327 | 29824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498682, 13.600%, 2/10/2031 †§x | Prosper | 2/12/2026 | 29118 | 28457 | 29006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498729, 5.250%, 12/08/2027 †x# | Best Egg | 10/11/2024 | 26795 | 26386 | 26836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498754, 18.060%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 34000 | 33232 | 33814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498822, 22.910%, 2/10/2031 †§x | Prosper | 2/12/2026 | 25500 | 24930 | 25302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498865, 10.640%, 2/11/2031 †§x | Prosper | 2/13/2026 | 50000 | 48857 | 49879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498868, 9.860%, 2/11/2029 †§x | Prosper | 2/13/2026 | 48000 | 46909 | 47908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498871, 21.910%, 2/11/2029 †§x | Prosper | 2/13/2026 | 32000 | 31287 | 31794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498872, 10.940%, 1/30/2031 †§x# | Prosper | 2/03/2026 | 22000 | 21500 | 21912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498874, 23.840%, 2/11/2031 †§x | Prosper | 2/13/2026 | 30000 | 29329 | 29778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498877, 22.910%, 2/11/2031 †§x | Prosper | 2/13/2026 | 28000 | 27373 | 27794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498880, 16.780%, 2/11/2031 †§x | Prosper | 2/13/2026 | 22000 | 21502 | 21881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498883, 20.930%, 2/11/2031 †§x | Prosper | 2/13/2026 | 22000 | 21506 | 21878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498885, 12.540%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 42387 | 41421 | 42281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498888, 17.310%, 2/11/2030 †x◇ | Prosper | 2/13/2026 | 25000 | 24436 | 24891 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**73** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498889, 10.910%, 2/11/2030 †§x | Prosper | 2/13/2026 | $24000 | $23453 | $23961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498891, 10.950%, 2/11/2028 †x◇ | Prosper | 2/13/2026 | 30000 | 29326 | 29956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498892, 12.200%, 2/11/2031 †§x | Prosper | 2/13/2026 | 21737 | 21241 | 21683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498894, 23.850%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 22220 | 21723 | 22055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2498897, 19.170%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 21500 | 21015 | 21382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499007, 10.870%, 2/02/2031 †x | Prosper | 2/04/2026 | 50000 | 48874 | 49818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499010, 11.510%, 1/08/2030 †x | Best Egg | 10/11/2024 | 25517 | 25435 | 25570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499010, 8.360%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 50000 | 48867 | 49905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499011, 17.080%, 2/11/2031 †§x | Prosper | 2/13/2026 | 40000 | 39095 | 39783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499013, 8.760%, 2/02/2031 †x | Prosper | 2/04/2026 | 50000 | 48868 | 49905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499014, 24.840%, 2/11/2031 †§x | Prosper | 2/13/2026 | 32000 | 31286 | 31762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499016, 8.330%, 2/02/2030 †x◇ | Prosper | 2/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499017, 21.950%, 2/11/2030 †§x | Prosper | 2/13/2026 | 29997 | 29326 | 29813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499019, 8.340%, 2/02/2031 †x | Prosper | 2/04/2026 | 50000 | 48867 | 49905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499022, 8.590%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 45000 | 43981 | 44914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499025, 9.940%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 44017 | 43023 | 43858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499028, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 41300 | 40363 | 41222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499031, 8.000%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 34779 | 33999 | 34728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499034, 11.290%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 36000 | 35190 | 35869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499037, 8.070%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 44017 | 43019 | 43934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499040, 10.220%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 33149 | 32401 | 33029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499043, 8.590%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 40000 | 39094 | 39924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499046, 15.100%, 10/08/2029 †x◇ | Best Egg | 10/11/2024 | 27242 | 26793 | 27063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499046, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 30000 | 29319 | 29943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499049, 22.450%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 30350 | 29686 | 30013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499052, 12.550%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 31518 | 30811 | 31402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499055, 8.140%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 27171 | 26562 | 27131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499058, 8.000%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 25500 | 24928 | 25463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499061, 8.000%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 27171 | 26555 | 27120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499064, 8.760%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 24000 | 23457 | 23954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499067, 10.530%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 24000 | 23459 | 23913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499070, 8.140%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 21737 | 21249 | 21705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499073, 17.770%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 22000 | 21513 | 21819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499151, 8.020%, 2/02/2031 †§x | Prosper | 2/04/2026 | 50000 | 48866 | 49906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499154, 8.760%, 2/02/2031 †§x | Prosper | 2/04/2026 | 50000 | 48868 | 49905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499157, 8.000%, 2/02/2029 †§x | Prosper | 2/04/2026 | 50000 | 48878 | 49927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499160, 9.880%, 2/02/2031 †§x | Prosper | 2/04/2026 | 50000 | 48871 | 49820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499163, 9.360%, 2/02/2031 †§x | Prosper | 2/04/2026 | 49000 | 47892 | 48906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499166, 8.260%, 2/02/2029 †§x | Prosper | 2/04/2026 | 48908 | 47811 | 48835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499169, 8.760%, 2/02/2031 †§x | Prosper | 2/04/2026 | 43474 | 42489 | 43391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499172, 8.160%, 2/02/2031 †§x | Prosper | 2/04/2026 | 39126 | 38239 | 39052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499175, 8.220%, 2/02/2031 †§x | Prosper | 2/04/2026 | 39000 | 38116 | 38926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499178, 9.870%, 2/02/2031 †§x | Prosper | 2/04/2026 | 38039 | 37180 | 37902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499181, 11.600%, 2/02/2031 †§x | Prosper | 2/04/2026 | 37500 | 36657 | 37363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499184, 9.710%, 2/02/2031 †§x | Prosper | 2/04/2026 | 36000 | 35187 | 35870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499187, 11.220%, 2/02/2031 †§x | Prosper | 2/04/2026 | 35000 | 34212 | 34872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499190, 8.880%, 2/02/2031 †§x | Prosper | 2/04/2026 | 33500 | 32742 | 33380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499193, 9.610%, 2/02/2031 †§x | Prosper | 2/04/2026 | 30000 | 29322 | 29942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499196, 11.500%, 2/02/2031 †§x | Prosper | 2/04/2026 | 26628 | 26029 | 26530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499199, 8.000%, 2/02/2031 †§x | Prosper | 2/04/2026 | 26628 | 26024 | 26577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499202, 8.910%, 2/02/2031 †§x | Prosper | 2/04/2026 | 24997 | 24432 | 24949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499205, 10.410%, 2/02/2029 †§x | Prosper | 2/04/2026 | 24000 | 23465 | 23932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499208, 8.510%, 2/02/2030 †§x | Prosper | 2/04/2026 | 24000 | 23459 | 23977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499211, 8.510%, 2/02/2031 †§x | Prosper | 2/04/2026 | 24000 | 23456 | 23954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499214, 8.760%, 2/02/2031 †§x | Prosper | 2/04/2026 | 24000 | 23457 | 23954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499217, 17.710%, 2/02/2031 †§x | Prosper | 2/04/2026 | 22525 | 22026 | 22339 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**74** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499220, 8.210%, 2/02/2030 †§x | Prosper | 2/04/2026 | $21737 | $21246 | $21716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499223, 8.360%, 2/02/2031 †§x | Prosper | 2/04/2026 | 21737 | 21244 | 21696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499226, 11.360%, 2/02/2031 †§x# | Prosper | 2/04/2026 | 21737 | 21234 | 21657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499229, 10.850%, 2/02/2031 †§x | Prosper | 2/04/2026 | 20650 | 20185 | 20575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499266, 18.420%, 12/22/2031 †x | Best Egg | 10/11/2024 | 36100 | 35986 | 36076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499329, 12.500%, 10/08/2027 †x◇ | Best Egg | 10/11/2024 | 27048 | 26637 | 27144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499395, 23.660%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 22220 | 21723 | 22056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499439, 19.270%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | 23000 | 22493 | 22809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499442, 19.660%, 2/02/2029 †x◇ | Prosper | 2/04/2026 | 36000 | 35216 | 35738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499448, 21.370%, 2/02/2031 †x◇ | Prosper | 2/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499478, 13.690%, 2/02/2031 †§x | Prosper | 2/04/2026 | 41000 | 40083 | 40776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499481, 19.890%, 2/02/2031 †§x | Prosper | 2/04/2026 | 41000 | 40097 | 40659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499484, 23.380%, 2/02/2031 †§x | Prosper | 2/04/2026 | 27775 | 27169 | 27465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499487, 14.650%, 2/02/2031 †§x | Prosper | 2/04/2026 | 26500 | 25909 | 26354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499490, 15.190%, 2/02/2031 †§x | Prosper | 2/04/2026 | 25272 | 24709 | 25133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499491, 12.600%, 2/12/2031 †x | Prosper | 2/17/2026 | 50000 | 48859 | 49882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499493, 22.450%, 2/02/2031 †§x | Prosper | 2/04/2026 | 24000 | 23475 | 23733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499495, 12.410%, 2/12/2030 †§x | Prosper | 2/17/2026 | 27470 | 26844 | 27391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499499, 15.200%, 2/02/2028 †§x | Prosper | 2/04/2026 | 20500 | 20054 | 20383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499550, 10.540%, 10/08/2029 †x◇ | Best Egg | 10/11/2024 | 29281 | 28801 | 29096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499572, 8.560%, 10/08/2029 †x | Best Egg | 10/11/2024 | 23979 | 23907 | 23997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499599, 19.370%, 10/08/2031 †x | Best Egg | 10/11/2024 | 44855 | 44699 | 44981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499603, 11.700%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 37000 | 36154 | 36914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499606, 12.220%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 21737 | 21240 | 21686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499614, 24.850%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 25000 | 24440 | 24825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499711, 12.540%, 2/12/2031 †§x | Prosper | 2/17/2026 | 34000 | 33224 | 33920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499713, 13.750%, 2/12/2031 †§x | Prosper | 2/17/2026 | 32963 | 32212 | 32850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499714, 10.410%, 2/12/2031 †§x | Prosper | 2/17/2026 | 21737 | 21239 | 21687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499716, 14.350%, 2/12/2031 †§x | Prosper | 2/17/2026 | 32963 | 32213 | 32850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499720, 12.300%, 2/12/2030 †§x | Prosper | 2/17/2026 | 30500 | 29805 | 30452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 249972376, 15.600%, 9/25/2028 †§x | Upgrade | 9/28/2023 | 19604 | 19482 | 20043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499731, 9.660%, 10/08/2031 †x | Best Egg | 10/11/2024 | 25728 | 25641 | 25820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499736, 14.230%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 32963 | 32226 | 32790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499739, 14.350%, 2/03/2031 †§x | Prosper | 2/05/2026 | 43000 | 42038 | 42773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499845, 11.570%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 28258 | 27612 | 28192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499848, 12.540%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 30000 | 29315 | 29929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499851, 10.300%, 2/12/2030 †x◇ | Prosper | 2/17/2026 | 39500 | 38598 | 39440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499854, 10.870%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 24997 | 24425 | 24940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499857, 10.850%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 21737 | 21239 | 21687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499924, 8.780%, 10/08/2029 †x | Best Egg | 10/11/2024 | 23235 | 23165 | 23220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499932, 11.160%, 2/12/2031 †§x | Prosper | 2/17/2026 | 21737 | 21240 | 21687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499940, 8.910%, 2/03/2031 †x | Prosper | 2/05/2026 | 50000 | 48867 | 49908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499943, 8.000%, 2/03/2030 †x◇ | Prosper | 2/05/2026 | 43474 | 42490 | 43434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499946, 13.860%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 32605 | 31875 | 32488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499949, 9.500%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 30000 | 29321 | 29896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499952, 11.160%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 25000 | 24436 | 24912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499953, 12.730%, 2/12/2031 †§x | Prosper | 2/17/2026 | 46000 | 44950 | 45892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499955, 8.740%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 21000 | 20524 | 20961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499971, 21.250%, 11/18/2027 †x◇ | Best Egg | 10/11/2024 | 22304 | 21955 | 21936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499985, 11.500%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48874 | 49824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499988, 10.350%, 2/03/2029 †§x | Prosper | 2/05/2026 | 50000 | 48883 | 49863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499991, 12.870%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48877 | 49822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499994, 11.410%, 2/03/2031 †§x | Prosper | 2/05/2026 | 50000 | 48873 | 49824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2499997, 8.220%, 2/03/2031 †§x | Prosper | 2/05/2026 | 44000 | 43001 | 43920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000, 8.450%, 2/03/2031 †§x | Prosper | 2/05/2026 | 44000 | 43002 | 43919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500003, 10.850%, 2/03/2031 †§x | Prosper | 2/05/2026 | 43474 | 42493 | 43321 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**75** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500006, 8.740%, 2/03/2031 †§x | Prosper | 2/05/2026 | $39670 | $38770 | $39597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500009, 10.270%, 2/03/2031 †§x | Prosper | 2/05/2026 | 33149 | 32400 | 33033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500012, 8.000%, 2/03/2031 †§x | Prosper | 2/05/2026 | 31000 | 30296 | 30944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500015, 12.550%, 2/03/2031 †§x | Prosper | 2/05/2026 | 27171 | 26560 | 27074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500018, 13.440%, 2/03/2031 †§x | Prosper | 2/05/2026 | 27000 | 26395 | 26903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500021, 9.860%, 2/03/2029 †§x | Prosper | 2/05/2026 | 25541 | 24969 | 25471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500024, 8.510%, 2/03/2031 †§x | Prosper | 2/05/2026 | 23910 | 23368 | 23867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500026, 8.000%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 50000 | 48849 | 49942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500029, 8.220%, 2/13/2031 †x | Prosper | 2/18/2026 | 50000 | 48850 | 49942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500032, 23.060%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 31000 | 30302 | 30798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500035, 22.450%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 29006 | 28352 | 28817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500038, 24.860%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 22220 | 21721 | 22073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500063, 10.250%, 11/11/2027 †x◇ | Best Egg | 10/11/2024 | 29092 | 28648 | 29109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500082, 24.320%, 10/08/2029 †x◇ | Best Egg | 10/11/2024 | 41881 | 41185 | 41458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500089, 9.530%, 12/01/2029 †x | Best Egg | 10/11/2024 | 23183 | 23112 | 23206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500139, 19.630%, 2/12/2030 †x◇ | Prosper | 2/17/2026 | 23000 | 22482 | 22904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500157, 22.760%, 2/12/2031 †§x | Prosper | 2/17/2026 | 30000 | 29326 | 29792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500201, 9.760%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 38039 | 37179 | 37907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500204, 11.160%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 34000 | 33234 | 33881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500207, 10.940%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 24997 | 24433 | 24910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500210, 11.330%, 2/03/2029 †x◇ | Prosper | 2/05/2026 | 27171 | 26565 | 27096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500216, 11.850%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 22824 | 22310 | 22743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500219, 10.410%, 2/03/2029 †x◇ | Prosper | 2/05/2026 | 20650 | 20189 | 20593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500270, 12.550%, 2/03/2031 †§x | Prosper | 2/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500271, 11.990%, 10/08/2029 †x | Best Egg | 10/11/2024 | 37065 | 36952 | 37082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500273, 10.550%, 2/03/2031 †§x | Prosper | 2/05/2026 | 48000 | 46916 | 47832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500279, 10.610%, 2/03/2029 †§x | Prosper | 2/05/2026 | 42000 | 41062 | 41884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500280, 23.060%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 30000 | 29325 | 29804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500282, 10.540%, 2/03/2029 †§x | Prosper | 2/05/2026 | 38039 | 37190 | 37935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500283, 27.630%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 25000 | 24441 | 24832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500285, 11.040%, 2/03/2029 †§x | Prosper | 2/05/2026 | 36000 | 35197 | 35900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500286, 23.130%, 2/13/2030 †x◇ | Prosper | 2/18/2026 | 24000 | 23461 | 23868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500288, 10.410%, 2/03/2029 †§x | Prosper | 2/05/2026 | 34779 | 34002 | 34683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500289, 23.700%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 24000 | 23460 | 23843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500291, 18.060%, 2/03/2031 †§x | Prosper | 2/05/2026 | 21500 | 21023 | 21329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500292, 24.700%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 21500 | 21017 | 21358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500294, 11.160%, 2/03/2031 †§x | Prosper | 2/05/2026 | 20500 | 20038 | 20428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500337, 5.880%, 12/08/2027 †x | Best Egg | 10/11/2024 | 31353 | 31280 | 31479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500343, 20.220%, 2/13/2031 †§x | Prosper | 2/18/2026 | 32000 | 31277 | 31795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500346, 26.030%, 2/13/2029 †§x | Prosper | 2/18/2026 | 30000 | 29332 | 29824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500498, 21.780%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 30000 | 29341 | 29680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500506, 13.830%, 2/13/2031 †§x | Prosper | 2/18/2026 | 31865 | 31137 | 31762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500509, 19.120%, 2/13/2031 †§x | Prosper | 2/18/2026 | 29000 | 28343 | 28859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500512, 19.470%, 2/13/2031 †§x | Prosper | 2/18/2026 | 27470 | 26848 | 27335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500515, 19.170%, 2/13/2031 †§x | Prosper | 2/18/2026 | 24000 | 23457 | 23883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500558, 8.580%, 2/03/2031 †§x | Prosper | 2/05/2026 | 27000 | 26388 | 26950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500563, 11.410%, 2/17/2031 †x◇ | Prosper | 2/19/2026 | 44633 | 43593 | 44568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500588, 15.470%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 43000 | 42041 | 42771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500590, 13.150%, 2/17/2031 †§x | Prosper | 2/19/2026 | 40000 | 39080 | 39904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500591, 12.240%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 32963 | 32222 | 32792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500593, 13.830%, 2/17/2031 †§x | Prosper | 2/19/2026 | 32963 | 32206 | 32884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500594, 14.130%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 43000 | 42038 | 42773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500596, 10.690%, 2/17/2030 †§x | Prosper | 2/19/2026 | 50000 | 48849 | 49944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500600, 13.600%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 32963 | 32225 | 32790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500602, 18.840%, 2/17/2031 †x#◇ | Prosper | 2/19/2026 | 22170 | 21650 | 22086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500606, 21.480%, 2/03/2031 †x◇ | Prosper | 2/05/2026 | 24000 | 23472 | 23744 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**76** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500608, 24.980%, 2/17/2031 †§x | Prosper | 2/19/2026 | $25000 | $24432 | $24877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500614, 10.870%, 2/17/2031 †§x | Prosper | 2/19/2026 | 50000 | 48847 | 49918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500624, 11.770%, 10/09/2027 †x | Best Egg | 10/15/2024 | 29923 | 29854 | 29907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500654, 11.740%, 2/04/2030 †x◇ | Prosper | 2/06/2026 | 48000 | 46922 | 47893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500780, 22.660%, 2/04/2031 †§x | Prosper | 2/06/2026 | 23331 | 22818 | 23091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500796, 11.850%, 2/13/2031 †§x | Prosper | 2/18/2026 | 27171 | 26549 | 27111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500799, 13.850%, 2/13/2030 †§x | Prosper | 2/18/2026 | 24000 | 23454 | 23935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500802, 13.150%, 2/13/2031 †§x | Prosper | 2/18/2026 | 21976 | 21474 | 21905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500871, 19.170%, 2/17/2031 †x◇ | Prosper | 2/19/2026 | 36000 | 35177 | 35869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500883, 11.360%, 2/17/2031 †§x | Prosper | 2/19/2026 | 50000 | 48847 | 49918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500889, 10.410%, 2/17/2031 †§x | Prosper | 2/19/2026 | 27171 | 26544 | 27127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500892, 10.550%, 2/17/2031 †§x | Prosper | 2/19/2026 | 32500 | 31750 | 32447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500895, 10.550%, 2/17/2031 †§x | Prosper | 2/19/2026 | 36000 | 35169 | 35942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500901, 23.700%, 2/17/2031 †§x | Prosper | 2/19/2026 | 30000 | 29318 | 29854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500904, 14.160%, 2/17/2031 †§x | Prosper | 2/19/2026 | 25000 | 24425 | 24939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500907, 22.450%, 2/17/2031 †§x | Prosper | 2/19/2026 | 21000 | 20522 | 20899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500913, 9.410%, 2/17/2028 †§x | Prosper | 2/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500919, 13.660%, 2/17/2031 †§x | Prosper | 2/19/2026 | 27470 | 26838 | 27403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501047, 12.040%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 38039 | 37182 | 37910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501053, 11.700%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 36000 | 35188 | 35878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501056, 12.540%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 33500 | 32746 | 33385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501059, 14.830%, 2/04/2030 †x◇ | Prosper | 2/06/2026 | 30000 | 29331 | 29872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501065, 25.160%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 25000 | 24454 | 24740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501068, 10.760%, 2/04/2031 †x | Prosper | 2/06/2026 | 50000 | 48870 | 49832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501074, 12.200%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 30000 | 29324 | 29898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501119, 9.790%, 2/04/2031 †§x | Prosper | 2/06/2026 | 50000 | 48867 | 49833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501125, 11.210%, 2/04/2031 †§x | Prosper | 2/06/2026 | 50000 | 48871 | 49831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501128, 11.500%, 2/04/2031 †§x | Prosper | 2/06/2026 | 45647 | 44617 | 45492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501131, 12.540%, 2/04/2031 †§x | Prosper | 2/06/2026 | 36953 | 36121 | 36826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501134, 10.700%, 2/04/2031 †§x | Prosper | 2/06/2026 | 36000 | 35186 | 35879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501137, 13.150%, 2/04/2031 †§x | Prosper | 2/06/2026 | 34500 | 33725 | 34326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501140, 10.480%, 2/04/2029 †§x | Prosper | 2/06/2026 | 24454 | 23906 | 24389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501169, 8.740%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 48000 | 46889 | 47960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501172, 11.470%, 2/18/2031 †x | Prosper | 2/20/2026 | 48908 | 47779 | 48834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501175, 8.460%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 34000 | 33213 | 33972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501176, 7.260%, 10/09/2029 †x◇ | Best Egg | 10/15/2024 | 26100 | 25673 | 25954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501178, 13.800%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 30216 | 29520 | 30150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501181, 12.220%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 30000 | 29308 | 29954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501184, 9.800%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 35000 | 34191 | 34969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501187, 15.330%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 22000 | 21494 | 21950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501226, 8.740%, 2/18/2031 †§x | Prosper | 2/20/2026 | 31518 | 30789 | 31492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501237, 21.230%, 10/09/2029 †x◇ | Best Egg | 10/15/2024 | 24784 | 24374 | 24350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501250, 15.630%, 10/09/2029 †x◇ | Best Egg | 10/15/2024 | 21076 | 20729 | 21233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501337, 20.720%, 11/26/2029 †x | Best Egg | 10/15/2024 | 28221 | 28108 | 28056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501347, 8.510%, 2/04/2030 †x◇ | Prosper | 2/06/2026 | 30000 | 29321 | 29973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501350, 10.940%, 2/04/2031 †x◇ | Prosper | 2/06/2026 | 30000 | 29322 | 29899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501365, 13.750%, 2/04/2031 †§x | Prosper | 2/06/2026 | 28568 | 27927 | 28424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501368, 16.300%, 2/04/2031 †§x | Prosper | 2/06/2026 | 41754 | 40822 | 41539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501373, 12.810%, 2/18/2029 †x◇ | Prosper | 2/20/2026 | 36000 | 35174 | 35924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501376, 12.670%, 2/18/2029 †x◇ | Prosper | 2/20/2026 | 38457 | 37574 | 38377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501379, 15.330%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 40000 | 39080 | 39910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501385, 14.340%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 21426 | 20933 | 21379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501397, 8.000%, 2/18/2031 †§x | Prosper | 2/20/2026 | 50000 | 48842 | 49959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501400, 9.850%, 2/18/2031 †§x | Prosper | 2/20/2026 | 32605 | 31851 | 32557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501403, 12.270%, 2/18/2031 †§x | Prosper | 2/20/2026 | 27171 | 26544 | 27129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501406, 8.810%, 2/18/2031 †§x | Prosper | 2/20/2026 | 21737 | 21234 | 21718 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**77** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501427, 9.320%, 10/09/2027 †x | Best Egg | 10/15/2024 | $29450 | $29385 | $29551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501510, 10.190%, 2/18/2029 †x◇ | Prosper | 2/20/2026 | 50000 | 48849 | 49940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501513, 8.000%, 2/18/2031 †x | Prosper | 2/20/2026 | 50000 | 48842 | 49959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501519, 11.360%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 44000 | 42984 | 43933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501522, 10.190%, 2/18/2029 †x◇ | Prosper | 2/20/2026 | 39126 | 38226 | 39079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501525, 15.190%, 2/18/2030 †x◇ | Prosper | 2/20/2026 | 43000 | 42012 | 42917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501528, 10.870%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 35000 | 34191 | 34948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501531, 11.360%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 40500 | 39565 | 40439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501534, 14.160%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 35000 | 34194 | 34922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501537, 13.480%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 40500 | 39567 | 40411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501540, 10.600%, 2/18/2030 †x◇ | Prosper | 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501543, 11.500%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 23000 | 22469 | 22965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501584, 11.740%, 10/09/2029 †x◇ | Best Egg | 10/15/2024 | 24338 | 23938 | 24181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501592, 10.050%, 10/09/2029 †x◇ | Best Egg | 10/15/2024 | 20383 | 20049 | 20590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501609, 8.000%, 2/18/2028 †§x | Prosper | 2/20/2026 | 30000 | 29312 | 29986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501612, 8.000%, 2/18/2031 †§x | Prosper | 2/20/2026 | 23910 | 23356 | 23891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501685, 12.540%, 2/18/2031 †x | Prosper | 2/20/2026 | 50000 | 48847 | 49923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501691, 8.000%, 2/18/2028 †x◇ | Prosper | 2/20/2026 | 50000 | 48853 | 49977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501694, 10.940%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 37000 | 36145 | 36944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501697, 12.220%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 33692 | 32915 | 33640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501700, 15.110%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 36000 | 35172 | 35919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501703, 10.850%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 32605 | 31852 | 32556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501706, 8.910%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 32605 | 31850 | 32578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501709, 11.600%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 30000 | 29307 | 29954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501712, 11.850%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 26000 | 25400 | 25960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501715, 8.890%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 25541 | 24950 | 25519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501743, 18.820%, 2/05/2031 †§x | Prosper | 2/09/2026 | 30766 | 30082 | 30540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501744, 15.970%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 32963 | 32206 | 32889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501746, 22.700%, 2/05/2031 †§x | Prosper | 2/09/2026 | 29000 | 28361 | 28714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501749, 21.490%, 2/05/2029 †§x | Prosper | 2/09/2026 | 27775 | 27167 | 27535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501752, 13.690%, 2/05/2031 †§x | Prosper | 2/09/2026 | 24920 | 24339 | 24812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501755, 23.730%, 2/05/2031 †§x | Prosper | 2/09/2026 | 22220 | 21731 | 22313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501758, 23.780%, 2/05/2031 †§x | Prosper | 2/09/2026 | 21109 | 20645 | 20899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501762, 8.000%, 2/18/2030 †§x | Prosper | 2/20/2026 | 21737 | 21234 | 21726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501765, 11.990%, 2/18/2031 †§x | Prosper | 2/20/2026 | 21737 | 21235 | 21703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501782, 16.720%, 10/09/2027 †x#◇ | Best Egg | 10/15/2024 | 21517 | 21188 | 21147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501825, 18.280%, 10/09/2029 †x◇ | Best Egg | 10/15/2024 | 20367 | 20030 | 20025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501847, 12.080%, 2/18/2031 †§x | Prosper | 2/20/2026 | 50000 | 48846 | 49923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501850, 10.550%, 2/18/2031 †§x | Prosper | 2/20/2026 | 45500 | 44449 | 45432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501853, 14.820%, 2/18/2031 †§x | Prosper | 2/20/2026 | 26371 | 25764 | 26312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501859, 12.220%, 2/18/2031 †§x | Prosper | 2/20/2026 | 24000 | 23446 | 23963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501862, 13.750%, 2/18/2031 †§x | Prosper | 2/20/2026 | 21976 | 21469 | 21927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501865, 12.040%, 2/18/2031 †§x | Prosper | 2/20/2026 | 22824 | 22297 | 22789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501867, 6.580%, 10/09/2027 †x◇ | Best Egg | 10/15/2024 | 28985 | 28548 | 29016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501928, 14.340%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 40000 | 39079 | 39911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2501982, 20.380%, 2/18/2031 †§x | Prosper | 2/20/2026 | 30000 | 29313 | 29899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502018, 24.530%, 10/09/2029 †x◇ | Best Egg | 10/15/2024 | 41919 | 41223 | 40958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502081, 16.110%, 11/11/2029 †x◇ | Best Egg | 10/15/2024 | 30254 | 29752 | 30028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502097, 17.710%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 41000 | 40084 | 40713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502100, 20.880%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 38500 | 37646 | 38226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502103, 18.700%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 25000 | 24443 | 24824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502106, 18.640%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 20973 | 20499 | 20823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502109, 18.240%, 2/06/2029 †x◇ | Prosper | 2/10/2026 | 24000 | 23469 | 23853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502122, 14.820%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 41500 | 40545 | 41407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502123, 15.860%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 25000 | 24425 | 24943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502125, 11.050%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 30431 | 29729 | 30386 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**78** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502128, 12.650%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | $26500 | $25889 | $26442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502131, 13.830%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 28500 | 27844 | 28437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502134, 14.160%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 20500 | 20028 | 20455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502136, 19.750%, 2/06/2031 †§x | Prosper | 2/10/2026 | 37359 | 36528 | 37094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502139, 19.210%, 2/06/2031 †§x | Prosper | 2/10/2026 | 35000 | 34221 | 34753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502142, 21.620%, 2/06/2031 †§x | Prosper | 2/10/2026 | 32000 | 31291 | 31699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502145, 16.290%, 2/06/2031 †§x | Prosper | 2/10/2026 | 28000 | 27373 | 27868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502148, 18.700%, 2/06/2031 †§x | Prosper | 2/10/2026 | 27470 | 26857 | 27276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502151, 14.290%, 2/06/2031 †§x | Prosper | 2/10/2026 | 22525 | 22018 | 22420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502160, 12.710%, 12/09/2029 †x | Best Egg | 10/15/2024 | 32653 | 32114 | 32543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502281, 9.760%, 2/18/2031 †§x | Prosper | 2/20/2026 | 50000 | 48844 | 49927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250228216, 15.600%, 9/30/2028 †§x# | Upgrade | 9/29/2023 | 23617 | 23470 | 23980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502284, 14.350%, 2/18/2031 †§x | Prosper | 2/20/2026 | 36900 | 36050 | 36818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502287, 9.500%, 2/18/2031 †§x | Prosper | 2/20/2026 | 36000 | 35167 | 35947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502290, 12.220%, 2/18/2031 †§x | Prosper | 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502293, 13.600%, 2/18/2031 †§x | Prosper | 2/20/2026 | 34612 | 33814 | 34535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502296, 14.610%, 2/18/2030 †§x | Prosper | 2/20/2026 | 24000 | 23449 | 23954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502299, 11.570%, 2/18/2031 †§x | Prosper | 2/20/2026 | 20650 | 20173 | 20619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502380, 13.150%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 27470 | 26836 | 27409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502406, 17.710%, 2/06/2031 †x◇ | Prosper | 2/10/2026 | 24173 | 23633 | 24004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502419, 17.060%, 10/10/2029 †x◇ | Best Egg | 10/15/2024 | 32392 | 31857 | 32152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502424, 19.890%, 2/06/2031 †§x | Prosper | 2/10/2026 | 41000 | 40088 | 40710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502427, 14.340%, 2/06/2031 †§x | Prosper | 2/10/2026 | 29500 | 28836 | 29362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502430, 14.100%, 2/06/2031 †§x | Prosper | 2/10/2026 | 24173 | 23629 | 24061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502433, 14.190%, 2/06/2031 †§x | Prosper | 2/10/2026 | 20327 | 19870 | 20233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250243600, 15.600%, 9/26/2028 †§x | Upgrade | 9/29/2023 | 27562 | 27391 | 28185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502512, 17.560%, 10/10/2029 †x◇ | Best Egg | 10/15/2024 | 20948 | 20602 | 20805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502541, 11.020%, 2/10/2030 †x# | Best Egg | 10/15/2024 | 43430 | 43288 | 43535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502569, 15.330%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 41000 | 40057 | 40908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502572, 14.160%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 36500 | 35660 | 36419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502575, 13.800%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 30000 | 29309 | 29934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502578, 15.110%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 40000 | 39080 | 39910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502584, 13.750%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 22525 | 22006 | 22475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502628, 8.950%, 2/06/2031 †§x | Prosper | 2/10/2026 | 50000 | 48862 | 49918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502631, 8.890%, 2/06/2031 †§x | Prosper | 2/10/2026 | 50000 | 48862 | 49918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502634, 14.860%, 2/06/2031 †§x | Prosper | 2/10/2026 | 40000 | 39101 | 39813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502637, 11.160%, 2/06/2031 †§x | Prosper | 2/10/2026 | 21737 | 21244 | 21669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502640, 12.720%, 2/06/2031 †§x | Prosper | 2/10/2026 | 20877 | 20405 | 20780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502754, 18.300%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 23000 | 22483 | 22860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502773, 15.050%, 10/10/2028 †x#◇ | Best Egg | 10/15/2024 | 20149 | 19824 | 20267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502796, 11.410%, 2/09/2031 †§x | Prosper | 2/11/2026 | 32605 | 31863 | 32517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502799, 20.340%, 2/09/2031 †§x | Prosper | 2/11/2026 | 21976 | 21484 | 21840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502834, 20.380%, 2/19/2031 †x◇ | Prosper | 2/23/2026 | 21500 | 21007 | 21434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502876, 21.160%, 2/19/2031 †§x | Prosper | 2/23/2026 | 32000 | 31266 | 31874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502882, 22.750%, 2/19/2031 †§x | Prosper | 2/23/2026 | 32000 | 31268 | 31872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250288256, 15.600%, 3/26/2031 †§x | Upgrade | 9/29/2023 | 30813 | 30512 | 31196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502946, 11.830%, 2/09/2030 †x◇ | Prosper | 2/11/2026 | 50000 | 48867 | 49909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502949, 11.330%, 2/09/2029 †x◇ | Prosper | 2/11/2026 | 27000 | 26391 | 26942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250295124, 15.600%, 10/05/2028 †§x | Upgrade | 10/10/2023 | 22633 | 22351 | 22998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502952, 8.220%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 30000 | 29313 | 29957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502955, 11.700%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 24000 | 23454 | 23935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2502991, 12.250%, 2/09/2031 †§x | Prosper | 2/11/2026 | 43474 | 42486 | 43354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503000, 10.870%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 22000 | 21499 | 21941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503003, 9.640%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 42000 | 41041 | 41938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503006, 11.500%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 43474 | 42484 | 43355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503009, 11.850%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 21737 | 21243 | 21677 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**79** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503012, 12.040%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | $30975 | $30271 | $30890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503018, 8.510%, 2/09/2030 †§x | Prosper | 2/11/2026 | 21000 | 20521 | 20984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503060, 9.320%, 11/26/2031 †x# | Best Egg | 10/15/2024 | 21490 | 21417 | 21575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503228, 11.300%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 45000 | 43976 | 44878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503231, 8.450%, 2/09/2031 †x | Prosper | 2/11/2026 | 49000 | 47879 | 48930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503234, 13.040%, 2/09/2031 †x◇ | Prosper | 2/11/2026 | 27171 | 26555 | 27096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503249, 8.760%, 2/09/2031 †§x | Prosper | 2/11/2026 | 50000 | 48857 | 49928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503252, 12.270%, 2/09/2031 †§x | Prosper | 2/11/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503313, 20.850%, 2/19/2031 †x◇ | Prosper | 2/23/2026 | 41000 | 40060 | 40874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503319, 17.710%, 2/19/2031 †x◇ | Prosper | 2/23/2026 | 36000 | 35172 | 35893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503322, 19.350%, 2/19/2031 †x◇ | Prosper | 2/23/2026 | 23000 | 22472 | 22931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503339, 9.070%, 2/10/2031 †x | Prosper | 2/12/2026 | 50000 | 48856 | 49931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503342, 12.080%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 30000 | 29317 | 29922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503343, 16.590%, 10/10/2031 †x | Best Egg | 10/15/2024 | 22168 | 22091 | 22238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503358, 21.780%, 2/19/2029 †§x | Prosper | 2/23/2026 | 32000 | 31270 | 31887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503360, 9.710%, 2/10/2031 †§x | Prosper | 2/12/2026 | 48500 | 47391 | 48377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503363, 13.150%, 2/10/2031 †§x | Prosper | 2/12/2026 | 30000 | 29318 | 29886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503364, 21.160%, 2/19/2031 †§x | Prosper | 2/23/2026 | 27000 | 26381 | 26894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503366, 12.270%, 2/10/2031 †§x | Prosper | 2/12/2026 | 29345 | 28677 | 29268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503509, 20.430%, 10/10/2029 †x◇ | Best Egg | 10/15/2024 | 41154 | 40473 | 40246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503567, 13.690%, 10/10/2029 †x◇ | Best Egg | 10/15/2024 | 33863 | 33306 | 33670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503579, 8.000%, 2/10/2028 †x◇ | Prosper | 2/12/2026 | 42000 | 41054 | 41972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503582, 11.500%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 30500 | 29805 | 30421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503585, 10.550%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 42000 | 41041 | 41893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250358739, 24.200%, 10/06/2028 †§x | Upgrade | 10/10/2023 | 20336 | 20061 | 21157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503588, 8.000%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 26459 | 25846 | 26423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503591, 11.700%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 24000 | 23453 | 23938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503594, 11.160%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 21737 | 21241 | 21681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503597, 11.470%, 2/10/2031 †x◇ | Prosper | 2/12/2026 | 22000 | 21499 | 21943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503642, 8.800%, 2/10/2029 †§x | Prosper | 2/12/2026 | 36000 | 35182 | 35929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503663, 10.510%, 10/10/2029 †x | Best Egg | 10/15/2024 | 23757 | 23684 | 23775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503854, 0.000%, 10/10/2027 †x◇ | Best Egg | 10/15/2024 | 22010 | 21628 | 20110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2503970, 12.960%, 10/10/2029 †x◇ | Best Egg | 10/15/2024 | 36084 | 35490 | 36177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504238, 7.210%, 11/14/2027 †x | Best Egg | 10/17/2024 | 30685 | 30614 | 30805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504383, 18.640%, 2/10/2029 †§x | Prosper | 2/12/2026 | 24000 | 23464 | 23878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504386, 14.870%, 2/10/2031 †§x | Prosper | 2/12/2026 | 22000 | 21502 | 21915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504445, 7.350%, 10/14/2027 †x | Best Egg | 10/17/2024 | 29125 | 29060 | 29200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504458, 10.300%, 2/11/2029 †x◇ | Prosper | 2/13/2026 | 36953 | 36114 | 36881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504461, 23.720%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 32000 | 31284 | 31763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504464, 22.450%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 24000 | 23462 | 23824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504467, 24.410%, 2/11/2030 †x◇ | Prosper | 2/13/2026 | 23000 | 22488 | 22857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504473, 12.960%, 10/14/2029 †x | Best Egg | 10/17/2024 | 23783 | 23710 | 23737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504495, 11.250%, 11/23/2029 †x | Best Egg | 10/17/2024 | 35331 | 35194 | 35363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504578, 12.220%, 2/11/2031 †§x | Prosper | 2/13/2026 | 36000 | 35179 | 35911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504581, 20.720%, 2/11/2031 †§x | Prosper | 2/13/2026 | 32963 | 32222 | 32780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504584, 11.300%, 2/11/2031 †§x | Prosper | 2/13/2026 | 29000 | 28338 | 28929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504587, 18.840%, 2/11/2031 †§x | Prosper | 2/13/2026 | 26371 | 25776 | 26226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504590, 18.980%, 2/11/2031 †§x | Prosper | 2/13/2026 | 24723 | 24165 | 24587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504648, 18.060%, 10/14/2029 †x | Best Egg | 10/17/2024 | 22734 | 22643 | 22740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504746, 5.790%, 10/14/2027 †x | Best Egg | 10/17/2024 | 20189 | 20144 | 20264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504898, 24.660%, 2/24/2030 †§x | Prosper | 2/26/2026 | 25000 | 24421 | 24957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2504974, 5.900%, 10/15/2030 †x | Best Egg | 10/17/2024 | 31460 | 30913 | 30181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505033, 14.490%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 38817 | 38177 | 38602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505040, 14.340%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 30000 | 29318 | 29891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505043, 25.160%, 2/11/2031 †x◇ | Prosper | 2/13/2026 | 30000 | 29331 | 29776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250504601, 15.600%, 10/15/2028 †x | Upgrade | 10/05/2023 | 31797 | 31406 | 31202 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**80** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505165, 7.840%, 10/14/2027 †x | Best Egg | 10/17/2024 | $28630 | $28565 | $28733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505255, 9.530%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 37037 | 36430 | 37200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505263, 25.160%, 2/24/2031 †§x | Prosper | 2/26/2026 | 27775 | 27131 | 27720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505316, 7.800%, 10/14/2029 †x | Best Egg | 10/17/2024 | 30804 | 30711 | 30796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505397, 19.660%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 41000 | 40075 | 40786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505412, 13.690%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 39794 | 39139 | 39590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505439, 12.300%, 2/12/2030 †x◇ | Prosper | 2/17/2026 | 24000 | 23453 | 23962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505442, 10.870%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505535, 12.270%, 2/12/2031 †§x | Prosper | 2/17/2026 | 25000 | 24429 | 24941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505538, 12.040%, 2/12/2031 †§x | Prosper | 2/17/2026 | 24500 | 23940 | 24443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505550, 14.660%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 39997 | 39338 | 39750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505556, 12.360%, 2/12/2031 †§x | Prosper | 2/17/2026 | 50000 | 48858 | 49883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505565, 8.160%, 2/12/2031 †§x | Prosper | 2/17/2026 | 38039 | 37165 | 37993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505757, 24.700%, 2/12/2029 †x◇ | Prosper | 2/17/2026 | 25000 | 24444 | 24845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505760, 19.230%, 2/12/2031 †x◇ | Prosper | 2/17/2026 | 24000 | 23458 | 23875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505799, 13.910%, 2/12/2030 †§x | Prosper | 2/17/2026 | 27470 | 26845 | 27390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505802, 14.290%, 2/12/2031 †§x | Prosper | 2/17/2026 | 23200 | 22672 | 23120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505838, 15.540%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 33513 | 32750 | 33403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505844, 5.390%, 10/14/2027 †x | Best Egg | 10/17/2024 | 20138 | 20093 | 20213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505874, 15.060%, 10/14/2027 †x◇ | Best Egg | 10/17/2024 | 23797 | 23434 | 24032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505931, 8.350%, 2/13/2029 †x◇ | Prosper | 2/18/2026 | 50000 | 48857 | 49953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505937, 21.890%, 2/13/2030 †x◇ | Prosper | 2/18/2026 | 22000 | 21505 | 21880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505960, 13.970%, 10/14/2027 †x◇ | Best Egg | 10/17/2024 | 23646 | 23286 | 23892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2505999, 10.790%, 10/14/2027 †x◇ | Best Egg | 10/17/2024 | 23203 | 22851 | 23307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506009, 22.740%, 2/13/2031 †§x | Prosper | 2/18/2026 | 31000 | 30302 | 30798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506012, 21.160%, 2/13/2029 †§x | Prosper | 2/18/2026 | 20553 | 20092 | 20436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506058, 20.200%, 11/14/2029 †x# | Best Egg | 10/17/2024 | 42856 | 42132 | 41204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506158, 15.440%, 10/14/2031 †x | Best Egg | 10/17/2024 | 30877 | 30766 | 30857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506198, 23.630%, 2/13/2031 †x◇ | Prosper | 2/18/2026 | 30000 | 29325 | 29804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506414, 23.440%, 2/13/2031 †§x | Prosper | 2/18/2026 | 29000 | 28348 | 28810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506417, 13.660%, 2/13/2031 †§x | Prosper | 2/18/2026 | 27470 | 26842 | 27381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506420, 22.420%, 2/13/2031 †§x | Prosper | 2/18/2026 | 24000 | 23459 | 23880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506507, 14.960%, 2/17/2031 †§x | Prosper | 2/19/2026 | 34062 | 33280 | 33979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506510, 17.790%, 2/17/2031 †x◇ | Prosper | 2/19/2026 | 25000 | 24428 | 24910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506519, 17.710%, 2/17/2031 †x◇ | Prosper | 2/19/2026 | 24000 | 23451 | 23914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506522, 11.360%, 2/17/2029 †§x | Prosper | 2/19/2026 | 50000 | 48853 | 49933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506528, 14.130%, 2/17/2031 †§x | Prosper | 2/19/2026 | 25272 | 24691 | 25211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506531, 15.190%, 2/17/2031 †§x | Prosper | 2/19/2026 | 27470 | 26839 | 27402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506534, 11.160%, 2/17/2031 †§x | Prosper | 2/19/2026 | 22824 | 22297 | 22786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506537, 11.700%, 2/17/2031 †§x | Prosper | 2/19/2026 | 48000 | 46894 | 47920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506540, 11.360%, 2/17/2031 †§x | Prosper | 2/19/2026 | 26500 | 25889 | 26456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506569, 11.970%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 31705 | 31184 | 31819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506670, 7.210%, 10/14/2027 †x | Best Egg | 10/17/2024 | 29100 | 29034 | 29206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506698, 16.360%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 25016 | 24603 | 24849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506803, 20.940%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 41252 | 40568 | 40955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506854, 8.330%, 11/17/2027 †x | Best Egg | 10/17/2024 | 22874 | 22820 | 22956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2506924, 17.080%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 21741 | 21380 | 21580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250694021, 15.600%, 10/16/2028 †§x# | Upgrade | 10/10/2023 | 23253 | 22960 | 23661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507083, 11.850%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 46000 | 44938 | 45930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507086, 14.060%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 43000 | 42010 | 42905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507089, 11.290%, 2/18/2030 †x◇ | Prosper | 2/20/2026 | 35866 | 35039 | 35828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507092, 11.110%, 2/18/2030 †x◇ | Prosper | 2/20/2026 | 33500 | 32728 | 33465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507095, 12.220%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 26000 | 25400 | 25960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507098, 8.220%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 26084 | 25480 | 26063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507101, 9.780%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 24454 | 23888 | 24418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507104, 15.110%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 25500 | 24913 | 25443 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**81** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507107, 11.980%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | $22824 | $22297 | $22789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507110, 14.980%, 2/18/2030 †x◇ | Prosper | 2/20/2026 | 24000 | 23449 | 23954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507113, 8.160%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 22280 | 21764 | 22262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507176, 8.910%, 2/18/2031 †§x | Prosper | 2/20/2026 | 49500 | 48354 | 49458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507179, 8.000%, 2/18/2030 †§x | Prosper | 2/20/2026 | 23500 | 22956 | 23489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507256, 5.000%, 11/14/2029 †x◇ | Best Egg | 10/17/2024 | 37893 | 37274 | 34414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507371, 14.460%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507374, 14.160%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 29000 | 28332 | 28936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507380, 15.190%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 32963 | 32205 | 32889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507401, 11.110%, 2/18/2030 †§x | Prosper | 2/20/2026 | 42000 | 41032 | 41956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507404, 8.340%, 2/18/2031 †§x | Prosper | 2/20/2026 | 42000 | 41027 | 41965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507407, 12.220%, 2/18/2031 †§x | Prosper | 2/20/2026 | 22824 | 22297 | 22789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507519, 18.280%, 11/24/2029 †x◇ | Best Egg | 10/17/2024 | 26468 | 26025 | 26046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507525, 11.020%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 23532 | 23146 | 23395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507553, 13.980%, 10/14/2028 †x◇ | Best Egg | 10/17/2024 | 29276 | 28806 | 29471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507640, 9.310%, 10/14/2029 †x#◇ | Best Egg | 10/17/2024 | 29103 | 28625 | 28942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507731, 8.740%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 40000 | 39074 | 39966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507734, 13.600%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 39556 | 38645 | 39469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507740, 12.200%, 2/18/2031 †x | Prosper | 2/20/2026 | 50000 | 48846 | 49923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507743, 14.860%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 36000 | 35172 | 35919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507746, 12.280%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 35000 | 34193 | 34946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507749, 11.980%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 33149 | 32384 | 33098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507752, 14.060%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 30000 | 29309 | 29934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507755, 10.850%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 22824 | 22296 | 22789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507758, 14.290%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 21976 | 21470 | 21927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507761, 15.210%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 21426 | 20933 | 21378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507764, 15.770%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 21426 | 20934 | 21378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507767, 11.600%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 21000 | 20515 | 20968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507776, 12.540%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 21737 | 21235 | 21703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507899, 12.200%, 2/18/2031 †§x# | Prosper | 2/20/2026 | 49117 | 47969 | 49050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507902, 10.870%, 2/18/2031 †§x | Prosper | 2/20/2026 | 43000 | 42007 | 42936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507905, 12.130%, 2/18/2031 †§x | Prosper | 2/20/2026 | 41500 | 40542 | 41410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507908, 12.080%, 2/18/2031 †§x | Prosper | 2/20/2026 | 30000 | 29308 | 29954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507911, 14.270%, 2/18/2031 †§x | Prosper | 2/20/2026 | 30000 | 29309 | 29933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507914, 14.860%, 2/18/2031 †§x | Prosper | 2/20/2026 | 24173 | 23617 | 24119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507917, 9.780%, 2/18/2029 †§x | Prosper | 2/20/2026 | 24000 | 23447 | 23971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507920, 12.870%, 2/18/2031 †§x | Prosper | 2/20/2026 | 24000 | 23447 | 23963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507923, 11.410%, 2/18/2031 †§x | Prosper | 2/20/2026 | 21737 | 21235 | 21704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507926, 12.160%, 2/18/2031 †§x | Prosper | 2/20/2026 | 21737 | 21235 | 21703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2507929, 11.410%, 2/18/2031 †§x | Prosper | 2/20/2026 | 20500 | 20027 | 20469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508013, 13.500%, 2/18/2030 †x◇ | Prosper | 2/20/2026 | 42000 | 41034 | 41921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508069, 13.440%, 10/14/2029 †x◇ | Best Egg | 10/17/2024 | 25206 | 24787 | 25046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508213, 16.360%, 10/14/2029 †x#◇ | Best Egg | 10/17/2024 | 24688 | 24279 | 24887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508238, 14.470%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 24000 | 23448 | 23947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508244, 15.400%, 2/18/2031 †x◇ | Prosper | 2/20/2026 | 21976 | 21470 | 21926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508280, 9.760%, 10/14/2029 †x | Best Egg | 10/17/2024 | 29597 | 29507 | 29585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508475, 9.370%, 10/14/2029 †x | Best Egg | 10/17/2024 | 31086 | 30991 | 31118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2508560, 15.150%, 10/14/2029 †x | Best Egg | 10/17/2024 | 20049 | 19987 | 20062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250856991, 14.640%, 10/06/2028 †§x# | Upgrade | 10/10/2023 | 21047 | 20787 | 21413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250857260, 24.200%, 10/02/2028 †§x | Upgrade | 10/05/2023 | 23479 | 23168 | 24259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509003, 19.980%, 2/19/2031 †x◇ | Prosper | 2/23/2026 | 24000 | 23449 | 23927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509006, 20.770%, 2/19/2031 †x◇ | Prosper | 2/23/2026 | 22525 | 22008 | 22456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509045, 20.220%, 2/19/2031 †§x | Prosper | 2/23/2026 | 31000 | 30289 | 30879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509048, 23.280%, 2/19/2031 †§x | Prosper | 2/23/2026 | 30000 | 29314 | 29880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509057, 23.850%, 2/19/2031 †§x | Prosper | 2/23/2026 | 21500 | 21008 | 21413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509097, 19.950%, 10/15/2029 †x◇ | Best Egg | 10/18/2024 | 23942 | 23546 | 22553 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**82** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509135, 31.360%, 10/15/2029 †x◇ | Best Egg | 10/18/2024 | $21904 | $21539 | $20935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509261, 8.330%, 10/15/2029 †x | Best Egg | 10/18/2024 | 23175 | 23104 | 23203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509338, 18.300%, 10/15/2029 †x | Best Egg | 10/18/2024 | 32500 | 32396 | 32337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509396, 14.170%, 10/15/2029 †x◇ | Best Egg | 10/18/2024 | 21144 | 20796 | 21337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509431, 13.140%, 11/20/2031 †x | Best Egg | 10/18/2024 | 26236 | 26145 | 26233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 250961288, 10.640%, 10/17/2028 †§x# | Upgrade | 10/20/2023 | 24009 | 23721 | 24144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509644, 13.200%, 11/23/2029 †x◇ | Best Egg | 10/18/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509920, 9.760%, 10/15/2029 †x | Best Egg | 10/18/2024 | 24145 | 24072 | 24136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509959, 14.890%, 10/15/2029 †x◇ | Best Egg | 10/18/2024 | 36761 | 36156 | 36537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2509987, 17.330%, 10/15/2029 †x | Best Egg | 10/18/2024 | 20118 | 20055 | 20019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2510396, 13.200%, 10/15/2031 †x | Best Egg | 10/18/2024 | 39546 | 39411 | 39687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2510530, 14.050%, 10/15/2031 †x | Best Egg | 10/18/2024 | 43676 | 43526 | 43828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2510750, 21.430%, 10/15/2029 †x◇ | Best Egg | 10/18/2024 | 24004 | 23606 | 23614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2510901, 26.440%, 11/18/2029 †x | Best Egg | 10/18/2024 | 25445 | 25362 | 25290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2510907, 13.200%, 10/15/2029 †x◇ | Best Egg | 10/18/2024 | 39690 | 39037 | 39820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2510965, 18.510%, 2/15/2030 †x# | Best Egg | 10/18/2024 | 43793 | 43062 | 43222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2510989, 22.190%, 2/24/2031 †§x | Prosper | 2/26/2026 | 21109 | 20619 | 21069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2511088, 16.920%, 12/15/2029 †x | Best Egg | 10/18/2024 | 42477 | 41805 | 41789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2511230, 7.130%, 10/16/2027 †x◇ | Best Egg | 10/21/2024 | 21155 | 20835 | 21254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2511233, 19.980%, 10/16/2029 †x◇ | Best Egg | 10/21/2024 | 40262 | 39593 | 39988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2511252, 17.810%, 10/16/2029 †x◇ | Best Egg | 10/21/2024 | 38608 | 37970 | 38347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2511294, 12.790%, 10/16/2029 †x◇ | Best Egg | 10/21/2024 | 39603 | 38951 | 39390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2511592, 15.630%, 10/16/2029 †x◇ | Best Egg | 10/21/2024 | 36178 | 35581 | 35938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2511817, 12.480%, 10/16/2029 †x | Best Egg | 10/21/2024 | 39536 | 39414 | 39473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512382, 10.010%, 11/22/2031 †x# | Best Egg | 10/21/2024 | 21258 | 21183 | 21340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512428, 0.000%, 12/16/2029 †x | Best Egg | 10/21/2024 | 41724 | 41596 | 30304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251248143, 12.600%, 10/03/2028 †§x | Upgrade | 10/06/2023 | 22785 | 22511 | 22861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512499, 14.340%, 10/16/2027 †x◇ | Best Egg | 10/21/2024 | 27105 | 26691 | 27339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512525, 12.250%, 10/16/2029 †x◇ | Best Egg | 10/21/2024 | 29638 | 29151 | 29464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512598, 19.500%, 10/16/2029 †x◇ | Best Egg | 10/21/2024 | 35242 | 34659 | 34514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512809, 10.210%, 10/16/2029 †x | Best Egg | 10/21/2024 | 28502 | 28414 | 28494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2512855, 18.030%, 2/16/2029 †x# | Best Egg | 10/21/2024 | 24874 | 24467 | 25140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251308616, 14.640%, 10/05/2028 †§x | Upgrade | 10/10/2023 | 20560 | 20306 | 20893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2513130, 14.910%, 1/16/2030 †x | Best Egg | 10/21/2024 | 35005 | 34890 | 34975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2513287, 13.160%, 10/16/2029 †x | Best Egg | 10/21/2024 | 23809 | 23735 | 23797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2513513, 20.200%, 11/17/2029 †x◇ | Best Egg | 10/21/2024 | 20734 | 20387 | 20083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2513566, 9.050%, 10/17/2029 †x | Best Egg | 10/21/2024 | 23218 | 23148 | 23214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2513723, 13.480%, 10/17/2027 †x◇ | Best Egg | 10/21/2024 | 24182 | 23814 | 24447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251394018, 18.690%, 10/18/2027 †§x | Upgrade | 10/10/2023 | 20566 | 20354 | 21416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514000, 11.740%, 10/17/2029 †x# | Best Egg | 10/21/2024 | 31670 | 31570 | 31704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514023, 8.330%, 10/17/2027 †x | Best Egg | 10/21/2024 | 29303 | 29236 | 29383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514024, 7.420%, 10/17/2029 †x◇ | Best Egg | 10/21/2024 | 36590 | 35991 | 36433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251413504, 14.640%, 10/15/2028 †x# | Upgrade | 10/10/2023 | 41277 | 40452 | 31489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514161, 11.720%, 10/17/2029 †x◇ | Best Egg | 10/21/2024 | 28582 | 28113 | 28697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251429618, 15.600%, 10/04/2028 †§x | Upgrade | 10/10/2023 | 23967 | 23667 | 24292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514379, 19.500%, 11/26/2029 †x#◇ | Best Egg | 10/21/2024 | 20614 | 20268 | 20182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514438, 9.670%, 10/17/2027 †x | Best Egg | 10/21/2024 | 20682 | 20634 | 20758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514465, 8.580%, 10/17/2031 †x | Best Egg | 10/21/2024 | 42632 | 42489 | 42804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514593, 17.570%, 10/17/2029 †x◇ | Best Egg | 10/21/2024 | 29290 | 28806 | 28853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514796, 17.330%, 10/17/2029 †x | Best Egg | 10/21/2024 | 24326 | 24250 | 24217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251491163, 15.580%, 10/06/2028 †§x | Upgrade | 10/10/2023 | 28286 | 27934 | 28619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514972, 9.760%, 11/17/2029 †x | Best Egg | 10/21/2024 | 37650 | 37534 | 37661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2514980, 18.550%, 10/17/2029 †x◇ | Best Egg | 10/21/2024 | 40787 | 40113 | 39959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2515015, 10.020%, 10/17/2029 †x | Best Egg | 10/21/2024 | 21451 | 21385 | 21446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2515021, 12.180%, 10/17/2029 †x | Best Egg | 10/21/2024 | 31578 | 31480 | 31565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2515259, 15.150%, 10/17/2029 †x◇ | Best Egg | 10/21/2024 | 40099 | 39438 | 39524 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**83** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2515279, 6.230%, 10/17/2027 †x | Best Egg | 10/21/2024 | $28922 | $28856 | $29032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251529491, 14.640%, 10/20/2028 †§x | Upgrade | 10/10/2023 | 22037 | 21762 | 22479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251531110, 15.600%, 10/15/2028 †§x | Upgrade | 10/10/2023 | 25995 | 25668 | 26479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251550503, 24.200%, 10/06/2028 †§x | Upgrade | 10/10/2023 | 28809 | 28420 | 29973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2515658, 14.120%, 1/20/2030 †x | Best Egg | 10/23/2024 | 26738 | 26644 | 26749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251583116, 15.600%, 10/20/2028 †x | Upgrade | 10/10/2023 | 23000 | 22713 | 23253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2515857, 19.980%, 12/20/2029 †x# | Best Egg | 10/23/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251602874, 16.080%, 10/23/2028 †§x | Upgrade | 10/13/2023 | 23222 | 22930 | 23649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251612241, 15.600%, 10/11/2028 †§x | Upgrade | 10/16/2023 | 20764 | 20503 | 21129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2516377, 18.530%, 10/20/2029 †x◇ | Best Egg | 10/23/2024 | 27733 | 27274 | 27576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2516672, 19.500%, 10/20/2029 †x◇ | Best Egg | 10/23/2024 | 40974 | 40295 | 40702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2516706, 10.540%, 10/20/2029 †x | Best Egg | 10/23/2024 | 33248 | 33146 | 33209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2516726, 14.410%, 10/20/2029 †x#◇ | Best Egg | 10/23/2024 | 35847 | 35254 | 35970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2516780, 6.230%, 10/20/2027 †x◇ | Best Egg | 10/23/2024 | 24099 | 23735 | 24396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2516886, 21.250%, 10/20/2027 †x◇ | Best Egg | 10/23/2024 | 24956 | 24573 | 24615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2516906, 20.710%, 10/20/2028 †x◇ | Best Egg | 10/23/2024 | 33329 | 32750 | 33321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2517263, 18.330%, 10/20/2031 †x | Best Egg | 10/23/2024 | 23226 | 23145 | 23212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251743274, 15.600%, 10/20/2028 †§x | Upgrade | 10/10/2023 | 27063 | 26722 | 27603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2517521, 17.210%, 10/20/2027 †x◇ | Best Egg | 10/23/2024 | 25903 | 25506 | 25967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2517533, 16.110%, 11/26/2029 †x#◇ | Best Egg | 10/23/2024 | 23468 | 23078 | 23319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2517542, 8.360%, 10/20/2031 †x | Best Egg | 10/23/2024 | 42429 | 42286 | 42604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251776356, 15.600%, 10/06/2028 †§x | Upgrade | 10/10/2023 | 25148 | 24835 | 25556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2517798, 9.080%, 10/20/2029 †x◇ | Best Egg | 10/23/2024 | 20742 | 20402 | 20851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2517806, 11.500%, 10/20/2027 †x◇ | Best Egg | 10/23/2024 | 22852 | 22505 | 22938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2517820, 21.910%, 10/20/2029 †x◇ | Best Egg | 10/23/2024 | 26730 | 26286 | 26522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2518010, 8.170%, 10/20/2029 †x◇ | Best Egg | 10/23/2024 | 23153 | 22774 | 23069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251802390, 15.600%, 10/18/2028 †§x | Upgrade | 10/23/2023 | 25148 | 24831 | 25632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251826333, 24.200%, 10/15/2028 †x | Upgrade | 10/16/2023 | 20392 | 20114 | 21294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2518359, 14.910%, 10/20/2029 †x | Best Egg | 10/23/2024 | 23229 | 23156 | 23191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2518540, 26.660%, 11/20/2029 †x | Best Egg | 10/23/2024 | 27341 | 26924 | 26423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2518648, 12.230%, 10/20/2029 †x◇ | Best Egg | 10/23/2024 | 20994 | 20647 | 21215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2518779, 14.290%, 10/20/2031 †x | Best Egg | 10/23/2024 | 43878 | 43727 | 43867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2518867, 19.520%, 10/21/2029 †x◇ | Best Egg | 10/24/2024 | 24586 | 24179 | 24103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519017, 17.810%, 10/21/2029 †x | Best Egg | 10/24/2024 | 35155 | 35014 | 34999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519100, 9.050%, 10/21/2029 †x | Best Egg | 10/24/2024 | 23272 | 23200 | 23307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519105, 10.020%, 12/21/2029 †x | Best Egg | 10/24/2024 | 24787 | 24710 | 24815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519129, 10.300%, 10/21/2027 †x | Best Egg | 10/24/2024 | 29659 | 29590 | 29742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519318, 18.780%, 12/21/2029 †x | Best Egg | 10/24/2024 | 26314 | 26227 | 26202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519392, 26.460%, 10/21/2031 †x | Best Egg | 10/24/2024 | 36833 | 36686 | 36415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519517, 8.070%, 2/21/2030 †x | Best Egg | 10/24/2024 | 42297 | 42161 | 42434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519550, 8.250%, 10/21/2029 †x | Best Egg | 10/24/2024 | 22490 | 22421 | 22490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2519774, 13.690%, 10/21/2029 †x◇ | Best Egg | 10/24/2024 | 26522 | 26085 | 26385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 251991080, 25.780%, 10/17/2028 †§x | Upgrade | 10/20/2023 | 34327 | 33853 | 34778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2520391, 9.530%, 10/21/2029 †x | Best Egg | 10/24/2024 | 34226 | 34121 | 34277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2520429, 7.130%, 10/21/2029 †x◇ | Best Egg | 10/24/2024 | 24316 | 23918 | 24224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2520437, 8.560%, 10/21/2029 †x# | Best Egg | 10/24/2024 | 26898 | 26816 | 26939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2520496, 20.760%, 10/21/2028 †x◇ | Best Egg | 10/24/2024 | 30111 | 29624 | 30478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2520547, 10.020%, 10/21/2029 †x | Best Egg | 10/24/2024 | 30421 | 30328 | 30465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2520563, 11.960%, 10/21/2031 †x | Best Egg | 10/24/2024 | 21694 | 21620 | 21778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2520608, 9.760%, 10/21/2029 †x | Best Egg | 10/24/2024 | 27049 | 26966 | 27047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2521036, 13.200%, 10/22/2031 †x | Best Egg | 10/25/2024 | 30556 | 30451 | 30672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2521068, 7.530%, 10/22/2028 †x◇ | Best Egg | 10/25/2024 | 29601 | 29128 | 29622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2521309, 26.440%, 2/22/2030 †x | Best Egg | 10/25/2024 | 22293 | 22208 | 22145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2521379, 10.540%, 10/22/2029 †x | Best Egg | 10/25/2024 | 23469 | 23397 | 23445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2521556, 9.790%, 10/22/2029 †x | Best Egg | 10/25/2024 | 33497 | 33394 | 33549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2521727, 6.230%, 10/22/2027 †x | Best Egg | 10/25/2024 | 22559 | 22508 | 22649 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**84** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2521729, 12.450%, 11/26/2031 †x | Best Egg | 10/25/2024 | $21782 | $21706 | $21788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2522791, 11.760%, 10/22/2029 †x◇ | Best Egg | 10/25/2024 | 39381 | 38734 | 39216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2522897, 16.840%, 10/22/2029 †x | Best Egg | 10/25/2024 | 32356 | 32254 | 32232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2523034, 7.950%, 10/22/2028 †x◇ | Best Egg | 10/25/2024 | 24541 | 24149 | 24829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2523198, 18.530%, 10/23/2029 †x#◇ | Best Egg | 10/28/2024 | 39427 | 38768 | 38879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2523274, 17.770%, 10/23/2028 †x◇ | Best Egg | 10/28/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2523466, 6.090%, 12/05/2027 †x# | Best Egg | 10/28/2024 | 30338 | 30266 | 30470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2523651, 17.370%, 10/23/2031 †x | Best Egg | 10/28/2024 | 44485 | 44330 | 44473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524135, 17.330%, 11/23/2029 †x#◇ | Best Egg | 10/28/2024 | 43023 | 42323 | 42397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524265, 14.790%, 2/23/2028 †x | Best Egg | 10/28/2024 | 26494 | 26077 | 26585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524296, 13.450%, 10/23/2029 †x | Best Egg | 10/28/2024 | 31794 | 31695 | 31761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524367, 9.760%, 10/23/2029 †x | Best Egg | 10/28/2024 | 23366 | 23295 | 23369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524445, 13.690%, 10/23/2031 †x# | Best Egg | 10/28/2024 | 35438 | 35312 | 35439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 252462520, 18.660%, 10/16/2028 †§x | Upgrade | 10/19/2023 | 22730 | 22439 | 23569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524674, 4.750%, 10/23/2027 †x | Best Egg | 10/28/2024 | 20594 | 20548 | 20669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524749, 7.860%, 10/23/2031 †x | Best Egg | 10/28/2024 | 32602 | 32491 | 32739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2524823, 6.870%, 10/23/2028 †x#◇ | Best Egg | 10/28/2024 | 25300 | 24896 | 25322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525044, 7.280%, 10/23/2027 †x#◇ | Best Egg | 10/28/2024 | 24412 | 24042 | 24474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525309, 10.210%, 10/24/2029 †x | Best Egg | 10/28/2024 | 24207 | 24132 | 24209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525472, 16.560%, 10/24/2029 †x | Best Egg | 10/28/2024 | 32311 | 32208 | 32349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525494, 9.670%, 10/24/2027 †x | Best Egg | 10/28/2024 | 22891 | 22811 | 22970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525563, 0.000%, 12/24/2029 †x# | Best Egg | 10/28/2024 | 38783 | 38663 | 27202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525620, 9.530%, 10/24/2029 †x | Best Egg | 10/28/2024 | 38893 | 38773 | 38960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525688, 18.530%, 10/24/2029 †x◇ | Best Egg | 10/28/2024 | 35956 | 35360 | 35728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525839, 16.360%, 10/24/2029 †x◇ | Best Egg | 10/28/2024 | 20577 | 20237 | 20460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2526473, 9.620%, 10/24/2029 †x | Best Egg | 10/28/2024 | 29185 | 29095 | 29235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2526888, 8.100%, 10/24/2029 †x | Best Egg | 10/28/2024 | 28930 | 28841 | 28983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 252695091, 10.640%, 10/29/2028 †§x | Upgrade | 10/19/2023 | 21730 | 21468 | 21803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2527747, 16.600%, 12/01/2029 †x◇ | Best Egg | 10/30/2024 | 20591 | 20250 | 20735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2527812, 12.230%, 12/01/2029 †x | Best Egg | 10/30/2024 | 32221 | 32120 | 32226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2527845, 9.530%, 12/01/2029 †x◇ | Best Egg | 10/30/2024 | 35724 | 35137 | 35842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2527987, 11.990%, 12/01/2029 †x | Best Egg | 10/30/2024 | 24135 | 24060 | 24139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528064, 10.020%, 12/01/2029 †x | Best Egg | 10/30/2024 | 36617 | 36503 | 36627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528216, 11.990%, 12/22/2029 †x | Best Egg | 10/30/2024 | 36560 | 36446 | 36440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528300, 7.350%, 12/01/2027 †x | Best Egg | 10/30/2024 | 26264 | 26201 | 26300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528307, 8.560%, 12/01/2029 †x | Best Egg | 10/30/2024 | 26846 | 26763 | 26857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528433, 12.960%, 12/01/2027 †x◇ | Best Egg | 10/30/2024 | 31571 | 31085 | 31332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528467, 12.930%, 2/01/2030 †x# | Best Egg | 10/30/2024 | 43069 | 42357 | 42814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528499, 12.940%, 12/01/2031 †x | Best Egg | 10/30/2024 | 26473 | 26382 | 26565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528833, 13.690%, 12/01/2029 †x◇ | Best Egg | 10/30/2024 | 40585 | 39915 | 40251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2528911, 17.080%, 12/01/2029 †x | Best Egg | 10/30/2024 | 22875 | 22496 | 22692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2529039, 8.250%, 12/01/2029 †x | Best Egg | 10/30/2024 | 38592 | 38471 | 38557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2529042, 19.010%, 1/15/2032 †x | Best Egg | 10/30/2024 | 27437 | 27335 | 27528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2529132, 8.330%, 1/01/2028 †x | Best Egg | 10/30/2024 | 30255 | 30183 | 30298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2529747, 22.160%, 11/01/2027 †x | Best Egg | 10/30/2024 | 25257 | 25187 | 25188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2529951, 11.770%, 12/01/2027 †x | Best Egg | 10/30/2024 | 21947 | 21894 | 22017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2530255, 16.600%, 12/01/2029 †x◇ | Best Egg | 10/30/2024 | 24709 | 24300 | 24487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2530357, 13.940%, 1/01/2030 †x | Best Egg | 10/31/2024 | 31353 | 31250 | 31247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2530385, 26.440%, 12/06/2029 †x | Best Egg | 10/31/2024 | 31172 | 31047 | 30916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2530507, 6.230%, 12/01/2027 †x | Best Egg | 10/31/2024 | 29716 | 29646 | 29817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2530635, 7.260%, 11/01/2029 †x | Best Egg | 10/31/2024 | 33868 | 33750 | 33839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2530712, 15.320%, 1/21/2032 †x | Best Egg | 10/31/2024 | 36047 | 35924 | 36176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 253087693, 14.640%, 10/17/2028 †§x | Upgrade | 10/20/2023 | 23506 | 23160 | 23962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2531681, 15.880%, 12/01/2029 †x◇ | Best Egg | 10/31/2024 | 32815 | 32270 | 33055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2531776, 13.020%, 12/01/2029 †x | Best Egg | 10/31/2024 | 37435 | 37316 | 37414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2531923, 13.200%, 12/01/2029 †x◇ | Best Egg | 10/31/2024 | 30127 | 29630 | 30192 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**85** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2532115, 7.260%, 12/22/2029 †x | Best Egg | 10/31/2024 | $30730 | $30634 | $30714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2532235, 7.710%, 12/01/2031 †x | Best Egg | 10/31/2024 | 37664 | 37536 | 37798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2532363, 10.540%, 12/01/2029 †x◇ | Best Egg | 11/01/2024 | 29810 | 29320 | 29580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2532998, 6.930%, 1/01/2028 †x◇ | Best Egg | 11/01/2024 | 25202 | 24816 | 25374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533076, 14.910%, 12/01/2029 †x◇ | Best Egg | 11/01/2024 | 21810 | 21450 | 21979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533287, 15.390%, 12/01/2029 †x◇ | Best Egg | 11/01/2024 | 30937 | 30426 | 30349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533507, 6.090%, 12/01/2027 †x | Best Egg | 11/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533538, 15.630%, 11/01/2029 †x◇ | Best Egg | 11/01/2024 | 39824 | 39165 | 39458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533631, 7.130%, 11/01/2029 †x◇ | Best Egg | 11/01/2024 | 22941 | 22565 | 22821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533808, 11.740%, 12/01/2029 †x | Best Egg | 11/01/2024 | 39333 | 39209 | 39343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533815, 18.530%, 1/01/2030 †x | Best Egg | 11/01/2024 | 30917 | 30404 | 30156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2533867, 7.700%, 11/01/2029 †x | Best Egg | 11/01/2024 | 36729 | 36615 | 36699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534012, 14.740%, 12/01/2029 †x | Best Egg | 11/01/2024 | 34642 | 34531 | 34523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534062, 30.400%, 12/01/2029 †x#◇ | Best Egg | 11/01/2024 | 22803 | 22416 | 21301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534076, 11.020%, 11/01/2029 †x | Best Egg | 11/01/2024 | 26596 | 26492 | 26508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 253409941, 15.600%, 10/19/2028 †§x | Upgrade | 10/23/2023 | 24519 | 24210 | 24993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 253415662, 19.460%, 10/19/2028 †§x | Upgrade | 10/23/2023 | 19534 | 19279 | 20028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534242, 10.770%, 12/01/2029 †x | Best Egg | 11/01/2024 | 31183 | 31085 | 31193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534297, 16.110%, 12/20/2029 †x◇ | Best Egg | 11/01/2024 | 39775 | 39111 | 39432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534321, 7.320%, 12/01/2027 †x | Best Egg | 11/01/2024 | 30512 | 30439 | 30615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534662, 10.510%, 11/01/2029 †x# | Best Egg | 11/04/2024 | 31628 | 31526 | 31637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534683, 12.100%, 12/01/2029 †x | Best Egg | 11/04/2024 | 22106 | 22036 | 22114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534787, 8.560%, 3/01/2030 †x# | Best Egg | 11/04/2024 | 27977 | 27889 | 28134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534915, 14.420%, 12/01/2029 †x | Best Egg | 11/04/2024 | 22773 | 22701 | 22700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534926, 9.760%, 12/01/2029 †x | Best Egg | 11/04/2024 | 38905 | 38784 | 38884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534981, 8.400%, 3/01/2030 †x# | Best Egg | 11/04/2024 | 41295 | 41164 | 41469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2534988, 13.510%, 12/09/2031 †x | Best Egg | 11/04/2024 | 37563 | 37430 | 37543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2535183, 10.000%, 12/15/2031 †x | Best Egg | 11/04/2024 | 26187 | 26101 | 26287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 253554524, 15.060%, 10/19/2027 †§x | Upgrade | 10/23/2023 | 22090 | 21872 | 22736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536018, 20.800%, 12/01/2031 †x | Best Egg | 11/04/2024 | 36405 | 36276 | 36162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536463, 13.870%, 12/01/2031 †x | Best Egg | 11/04/2024 | 35397 | 35274 | 35377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536511, 5.250%, 12/01/2027 †x | Best Egg | 11/04/2024 | 24101 | 24044 | 24186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536515, 8.520%, 12/01/2031 †x | Best Egg | 11/04/2024 | 21561 | 21488 | 21646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536624, 13.940%, 12/01/2029 †x | Best Egg | 11/04/2024 | 20285 | 20220 | 20290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536737, 12.970%, 11/01/2029 †x◇ | Best Egg | 11/04/2024 | 39689 | 39007 | 39255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536761, 12.020%, 11/01/2027 †x◇ | Best Egg | 11/04/2024 | 24432 | 24043 | 24503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2536994, 11.510%, 11/01/2029 †x◇ | Best Egg | 11/04/2024 | 23985 | 23574 | 23755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2537019, 17.330%, 12/07/2029 †x◇ | Best Egg | 11/04/2024 | 26561 | 26096 | 26425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2538399, 19.500%, 5/03/2030 †x# | Best Egg | 11/06/2024 | 27957 | 27469 | 27457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2538423, 19.950%, 11/03/2029 †x◇ | Best Egg | 11/06/2024 | 41672 | 40951 | 40459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2538521, 8.100%, 11/03/2029 †x◇ | Best Egg | 11/06/2024 | 27522 | 27051 | 27228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2539520, 8.910%, 11/03/2029 †x◇ | Best Egg | 11/06/2024 | 32389 | 31835 | 32049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2539619, 12.730%, 11/03/2029 †x◇ | Best Egg | 11/06/2024 | 24169 | 23754 | 23934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2540473, 11.950%, 12/15/2029 †x◇ | Best Egg | 11/06/2024 | 39542 | 38862 | 39171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2540571, 22.430%, 11/03/2029 †x◇ | Best Egg | 11/06/2024 | 33693 | 33109 | 32952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2540928, 20.090%, 11/03/2028 †x◇ | Best Egg | 11/06/2024 | 28779 | 28293 | 28802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2541325, 15.150%, 11/03/2029 †x◇ | Best Egg | 11/06/2024 | 36687 | 36056 | 36518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2541942, 13.970%, 11/04/2027 †x◇ | Best Egg | 11/07/2024 | 20088 | 19767 | 20129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2542137, 14.660%, 11/04/2029 †x◇ | Best Egg | 11/07/2024 | 30500 | 29976 | 29966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2542200, 14.170%, 11/04/2029 †x◇ | Best Egg | 11/07/2024 | 30022 | 29506 | 29893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2542603, 7.130%, 12/17/2029 †x◇ | Best Egg | 11/07/2024 | 31396 | 30859 | 31073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2542991, 16.110%, 1/04/2030 †x | Best Egg | 11/07/2024 | 26233 | 25779 | 26033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2543044, 17.790%, 1/04/2028 †x# | Best Egg | 11/07/2024 | 20158 | 19831 | 20218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2543561, 9.400%, 11/04/2027 †x◇ | Best Egg | 11/07/2024 | 23542 | 23168 | 23572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2543645, 12.990%, 1/05/2028 †x | Best Egg | 11/08/2024 | 34577 | 34016 | 34651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2543704, 8.460%, 11/05/2029 †x◇ | Best Egg | 11/08/2024 | 20981 | 20622 | 20794 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**86** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2544120, 9.080%, 11/05/2029 †x◇ | Best Egg | 11/08/2024 | $31620 | $31079 | $31335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2544627, 13.440%, 11/05/2027 †x◇ | Best Egg | 11/08/2024 | 26083 | 25666 | 25942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545006, 17.880%, 11/05/2027 †x◇ | Best Egg | 11/08/2024 | 21196 | 20856 | 20898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545083, 13.100%, 11/05/2028 †x◇ | Best Egg | 11/08/2024 | 22233 | 21860 | 22465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545195, 22.220%, 1/05/2028 †x | Best Egg | 11/08/2024 | 21077 | 20728 | 20645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545259, 17.080%, 12/26/2029 †x◇ | Best Egg | 11/08/2024 | 29215 | 28709 | 28686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545337, 13.690%, 11/05/2029 †x◇ | Best Egg | 11/08/2024 | 24285 | 23867 | 24087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545645, 19.950%, 11/05/2029 †x◇ | Best Egg | 11/08/2024 | 26094 | 25636 | 25357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545880, 25.760%, 11/06/2029 †x◇ | Best Egg | 11/12/2024 | 27535 | 27057 | 26266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2545984, 25.010%, 12/13/2029 †x◇ | Best Egg | 11/12/2024 | 23176 | 22773 | 21930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2546019, 14.180%, 11/06/2029 †x◇ | Best Egg | 11/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2546030, 7.390%, 11/06/2029 †x◇ | Best Egg | 11/12/2024 | 33685 | 33110 | 33542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2546618, 15.630%, 11/06/2029 †x◇ | Best Egg | 11/12/2024 | 31052 | 30517 | 30787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2546942, 15.150%, 1/06/2030 †x# | Best Egg | 11/12/2024 | 25156 | 24722 | 25081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2547390, 13.200%, 11/06/2029 †x◇ | Best Egg | 11/12/2024 | 22865 | 22469 | 22742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2547407, 18.990%, 11/06/2029 †x◇ | Best Egg | 11/12/2024 | 29047 | 28545 | 28220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2547589, 16.280%, 11/06/2027 †x#◇ | Best Egg | 11/12/2024 | 24901 | 24501 | 24606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2547801, 6.870%, 11/06/2028 †x◇ | Best Egg | 11/12/2024 | 23873 | 23475 | 23847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2547869, 13.650%, 12/23/2029 †x◇ | Best Egg | 11/12/2024 | 23857 | 23445 | 23635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2548058, 16.110%, 11/07/2029 †x◇ | Best Egg | 11/12/2024 | 20645 | 20286 | 20285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2548295, 20.460%, 12/13/2029 †x◇ | Best Egg | 11/12/2024 | 21635 | 21257 | 21178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2548528, 13.200%, 11/07/2029 †x◇ | Best Egg | 11/12/2024 | 39569 | 38889 | 39358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2548684, 31.360%, 11/07/2029 †x◇ | Best Egg | 11/12/2024 | 21808 | 21424 | 20381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2548741, 6.380%, 11/07/2029 †x◇ | Best Egg | 11/12/2024 | 31155 | 30624 | 30891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2548966, 19.980%, 11/07/2029 †x◇ | Best Egg | 11/12/2024 | 29174 | 28670 | 28645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2549193, 13.930%, 11/07/2029 †x◇ | Best Egg | 11/12/2024 | 24256 | 23839 | 24123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2550671, 6.820%, 11/11/2029 †x◇ | Best Egg | 11/14/2024 | 39040 | 38373 | 38952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2551569, 8.560%, 1/11/2030 †x | Best Egg | 11/14/2024 | 29103 | 28603 | 28826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2551942, 28.530%, 1/11/2028 †x | Best Egg | 11/14/2024 | 31132 | 30616 | 30115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2552027, 18.050%, 11/11/2029 †x◇ | Best Egg | 11/14/2024 | 25767 | 25322 | 25496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2553447, 11.490%, 11/11/2029 †x◇ | Best Egg | 11/14/2024 | 21177 | 20814 | 21001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2553692, 13.970%, 11/15/2027 †x◇ | Best Egg | 11/14/2024 | 30547 | 30055 | 30625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2553957, 18.760%, 11/11/2029 †x◇ | Best Egg | 11/14/2024 | 24872 | 24442 | 24189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2554057, 10.540%, 11/11/2029 †x◇ | Best Egg | 11/14/2024 | 39832 | 39149 | 39656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2554301, 11.510%, 11/11/2029 †x◇ | Best Egg | 11/14/2024 | 24080 | 23665 | 24013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2554422, 7.040%, 11/11/2028 †x◇ | Best Egg | 11/14/2024 | 21509 | 21150 | 21640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2555364, 17.250%, 11/11/2028 †x#◇ | Best Egg | 11/14/2024 | 24448 | 24032 | 24340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2557501, 15.390%, 11/12/2029 †x◇ | Best Egg | 11/15/2024 | 20306 | 19956 | 20184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2557525, 9.310%, 12/17/2029 †x◇ | Best Egg | 11/15/2024 | 21086 | 20725 | 20995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2557699, 12.960%, 12/26/2029 †x#◇ | Best Egg | 11/15/2024 | 26390 | 25933 | 26269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2558075, 7.700%, 11/12/2029 †x◇ | Best Egg | 11/15/2024 | 29686 | 29178 | 29400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2558536, 14.910%, 11/13/2029 †x◇ | Best Egg | 11/18/2024 | 29609 | 29099 | 29503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2558698, 7.130%, 11/13/2029 †x◇ | Best Egg | 11/18/2024 | 39107 | 38439 | 38727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2558977, 10.890%, 11/13/2029 †x◇ | Best Egg | 11/18/2024 | 39905 | 39220 | 39733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2559148, 21.910%, 11/13/2029 †x◇ | Best Egg | 11/18/2024 | 20491 | 20136 | 20360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2559393, 5.940%, 11/13/2027 †x◇ | Best Egg | 11/18/2024 | 23430 | 23059 | 23474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2560084, 8.690%, 11/13/2029 †x◇ | Best Egg | 11/18/2024 | 22088 | 21710 | 21869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2560654, 22.710%, 12/21/2028 †x◇ | Best Egg | 11/18/2024 | 28196 | 27711 | 27563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2560659, 19.470%, 11/14/2029 †x◇ | Best Egg | 11/18/2024 | 21623 | 21250 | 21475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2560868, 14.120%, 11/20/2027 †x◇ | Best Egg | 11/18/2024 | 27410 | 26965 | 27282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2560870, 17.310%, 11/14/2029 †x◇ | Best Egg | 11/18/2024 | 41180 | 40469 | 40858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2561147, 12.240%, 1/14/2030 †x# | Best Egg | 11/18/2024 | 35618 | 35003 | 35332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2561150, 8.870%, 12/16/2029 †x◇ | Best Egg | 11/18/2024 | 30473 | 29950 | 30248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2561294, 7.130%, 11/14/2029 †x◇ | Best Egg | 11/18/2024 | 38169 | 37517 | 38037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2561454, 10.390%, 12/18/2027 †x◇ | Best Egg | 11/18/2024 | 30434 | 29945 | 30485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2561705, 14.660%, 11/14/2029 †x◇ | Best Egg | 11/18/2024 | 26234 | 25782 | 26104 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**87** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2561988, 14.900%, 11/14/2029 †x◇ | Best Egg | 11/18/2024 | $25848 | $25403 | $25623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2562101, 11.950%, 11/14/2029 †x◇ | Best Egg | 11/18/2024 | 33607 | 33030 | 33318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2562117, 18.050%, 11/14/2029 †x◇ | Best Egg | 11/18/2024 | 20827 | 20454 | 20627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2562914, 13.450%, 11/17/2029 †x◇ | Best Egg | 11/20/2024 | 24256 | 23839 | 24149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2564386, 8.920%, 11/17/2029 †x#◇ | Best Egg | 11/20/2024 | 33849 | 33268 | 33579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2564633, 13.690%, 11/17/2029 †x◇ | Best Egg | 11/20/2024 | 25832 | 25388 | 25665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2564685, 14.890%, 11/17/2029 †x◇ | Best Egg | 11/20/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2564731, 17.540%, 11/17/2029 †x◇ | Best Egg | 11/20/2024 | 20738 | 20379 | 20552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2564929, 15.700%, 11/17/2029 †x◇ | Best Egg | 11/20/2024 | 20435 | 20083 | 20336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2564974, 24.740%, 12/17/2029 †x | Best Egg | 11/20/2024 | 27178 | 26702 | 25924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2565026, 14.160%, 12/17/2029 †x | Best Egg | 11/20/2024 | 22044 | 21663 | 21901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2566042, 23.570%, 11/17/2029 †x◇ | Best Egg | 11/20/2024 | 31561 | 31013 | 31324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2566619, 11.000%, 11/18/2029 †x◇ | Best Egg | 11/21/2024 | 27958 | 27474 | 27887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2566750, 8.360%, 11/18/2029 †x◇ | Best Egg | 11/21/2024 | 32285 | 31733 | 31981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2566837, 15.870%, 11/18/2029 †x◇ | Best Egg | 11/21/2024 | 26588 | 26129 | 26346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2567189, 13.160%, 11/18/2029 †x◇ | Best Egg | 11/21/2024 | 36140 | 35485 | 36039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2567713, 11.490%, 11/18/2029 †x◇ | Best Egg | 11/21/2024 | 28770 | 28274 | 28697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2568920, 19.210%, 12/26/2029 †x#◇ | Best Egg | 11/22/2024 | 23358 | 22950 | 22292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2569276, 23.120%, 11/19/2029 †x◇ | Best Egg | 11/22/2024 | 20997 | 20633 | 20448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2569283, 20.760%, 11/19/2029 †x◇ | Best Egg | 11/22/2024 | 41819 | 41094 | 39939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2569477, 15.920%, 11/19/2028 †x◇ | Best Egg | 11/22/2024 | 22558 | 22178 | 22483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2571383, 13.940%, 11/20/2029 †x◇ | Best Egg | 11/25/2024 | 25845 | 25400 | 25687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2571482, 20.980%, 11/20/2029 †x◇ | Best Egg | 11/25/2024 | 29301 | 28793 | 28845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2571965, 18.270%, 11/20/2027 †x◇ | Best Egg | 11/25/2024 | 20721 | 20388 | 20821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2573287, 18.030%, 11/21/2027 †x◇ | Best Egg | 11/25/2024 | 22635 | 22271 | 22677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2573527, 7.140%, 11/21/2029 †x◇ | Best Egg | 11/25/2024 | 31923 | 31377 | 31874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2574679, 25.420%, 11/21/2029 †x◇ | Best Egg | 11/25/2024 | 42628 | 41887 | 40162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2575733, 11.280%, 11/24/2027 †x◇ | Best Egg | 11/27/2024 | 29616 | 29143 | 29835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 257620478, 16.990%, 11/29/2028 †§x | Upgrade | 12/04/2023 | 26070 | 25726 | 26486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2576656, 18.050%, 11/24/2029 †x◇ | Best Egg | 11/27/2024 | 33056 | 32484 | 32951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2576927, 12.080%, 11/24/2029 †x◇ | Best Egg | 11/27/2024 | 26097 | 25649 | 26006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2577025, 14.420%, 3/24/2030 †x# | Best Egg | 11/27/2024 | 43263 | 42512 | 43107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2578448, 4.610%, 11/24/2027 †x◇ | Best Egg | 11/27/2024 | 29997 | 29521 | 29946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2579006, 13.210%, 11/24/2029 †x◇ | Best Egg | 11/27/2024 | 21942 | 21565 | 21790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2581200, 5.840%, 11/25/2029 †x◇ | Best Egg | 11/29/2024 | 38826 | 38163 | 38493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2581547, 5.310%, 1/01/2028 †x◇ | Best Egg | 11/29/2024 | 26831 | 26402 | 26762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2581589, 13.450%, 1/01/2030 †x◇ | Best Egg | 11/29/2024 | 28862 | 28364 | 28529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2582864, 24.260%, 12/01/2029 †x◇ | Best Egg | 11/29/2024 | 20588 | 20223 | 20141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 258511249, 16.020%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 29065 | 28685 | 29524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2585765, 16.830%, 1/01/2030 †x◇ | Best Egg | 12/02/2024 | 25939 | 25490 | 25641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2586047, 23.360%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 42881 | 42059 | 41120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2586095, 18.060%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 27703 | 27175 | 27434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2586476, 14.180%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 20633 | 20240 | 20743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2586531, 16.830%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 21213 | 20809 | 21014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2586713, 12.460%, 1/15/2030 †x◇ | Best Egg | 12/04/2024 | 41208 | 40424 | 41467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2586807, 16.360%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 38792 | 38053 | 38947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587037, 12.330%, 12/01/2028 †x◇ | Best Egg | 12/04/2024 | 35957 | 35291 | 35867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587148, 17.850%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 22877 | 22440 | 22660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587221, 6.900%, 12/01/2027 †x#◇ | Best Egg | 12/04/2024 | 31765 | 31206 | 31880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587324, 14.660%, 1/22/2030 †x◇ | Best Egg | 12/04/2024 | 39755 | 38997 | 39453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587439, 4.370%, 12/01/2027 †x◇ | Best Egg | 12/04/2024 | 26062 | 25606 | 25788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587521, 15.390%, 1/15/2030 †x◇ | Best Egg | 12/04/2024 | 25065 | 24583 | 24868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587754, 12.430%, 1/20/2029 †x◇ | Best Egg | 12/04/2024 | 24923 | 24456 | 24837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2587873, 22.770%, 3/01/2028 †x | Best Egg | 12/04/2024 | 21055 | 20671 | 20607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588015, 13.360%, 1/07/2030 †x◇ | Best Egg | 12/04/2024 | 31338 | 30742 | 31053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588018, 24.950%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 32354 | 31733 | 31020 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**88** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588091, 10.700%, 3/16/2030 †x◇ | Best Egg | 12/04/2024 | $39583 | $38826 | $39663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588094, 6.020%, 12/01/2027 †x◇ | Best Egg | 12/04/2024 | 31615 | 31060 | 31760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588241, 11.510%, 12/01/2028 †x◇ | Best Egg | 12/04/2024 | 21739 | 21337 | 21718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588297, 12.930%, 12/01/2029 †x#◇ | Best Egg | 12/04/2024 | 38663 | 37924 | 38899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588460, 13.600%, 12/01/2027 †x◇ | Best Egg | 12/04/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588703, 6.280%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 23815 | 23366 | 23633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588779, 9.170%, 1/10/2030 †x◇ | Best Egg | 12/04/2024 | 40410 | 39644 | 40093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588847, 6.340%, 12/01/2027 †x◇ | Best Egg | 12/04/2024 | 26678 | 26209 | 26576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 258888682, 16.990%, 11/28/2028 †§x | Upgrade | 12/01/2023 | 23475 | 23165 | 23842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2588901, 28.570%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 36537 | 35825 | 34661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 258891789, 16.990%, 11/29/2028 †§x | Upgrade | 12/04/2023 | 29215 | 28828 | 29761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589098, 4.260%, 12/01/2027 †x◇ | Best Egg | 12/04/2024 | 26087 | 25630 | 26214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 258922104, 16.020%, 11/13/2028 †§x# | Upgrade | 12/01/2023 | 19699 | 19442 | 20194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 258924579, 16.020%, 12/16/2028 †§x | Upgrade | 12/04/2023 | 22830 | 22530 | 23216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 258924771, 16.990%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 21045 | 20777 | 21335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589426, 8.070%, 12/01/2029 †x◇ | Best Egg | 12/04/2024 | 28043 | 27513 | 27821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589516, 18.250%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 33206 | 32572 | 32919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589549, 6.280%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 21497 | 21092 | 21414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589561, 17.790%, 12/04/2027 †x◇ | Best Egg | 12/09/2024 | 33622 | 33016 | 33567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589657, 13.420%, 2/02/2030 †x#◇ | Best Egg | 12/05/2024 | 33531 | 32902 | 33812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589756, 14.570%, 12/02/2027 †x◇ | Best Egg | 12/05/2024 | 33120 | 32526 | 33330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589758, 15.390%, 1/11/2030 †x◇ | Best Egg | 12/05/2024 | 23351 | 22903 | 23130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589869, 9.330%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 30238 | 29666 | 29879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2589938, 14.660%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 22331 | 21906 | 22321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259001007, 16.020%, 12/01/2028 †§x | Upgrade | 12/04/2023 | 28744 | 28367 | 29181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590031, 16.230%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 21182 | 20778 | 20992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590115, 10.700%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 40590 | 39821 | 40254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259034079, 16.020%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 24221 | 23904 | 24603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259059944, 16.990%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 23462 | 23151 | 23832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259065324, 16.990%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 21370 | 21088 | 21706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259074360, 16.020%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 23252 | 22948 | 23619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590799, 13.970%, 12/02/2027 †x◇ | Best Egg | 12/05/2024 | 20775 | 20407 | 20886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590803, 13.450%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 29890 | 29318 | 29616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590813, 17.770%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 25157 | 24673 | 24943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590881, 6.280%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 24805 | 24337 | 24519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590945, 6.930%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 32675 | 32059 | 32806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2590961, 9.990%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 25250 | 24769 | 24968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591022, 12.240%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 40892 | 40116 | 40543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259111092, 16.990%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 26050 | 25703 | 26459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591152, 14.180%, 1/18/2030 †x#◇ | Best Egg | 12/05/2024 | 29788 | 29218 | 29537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591176, 13.690%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 20585 | 20194 | 20582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591218, 14.420%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 41308 | 40523 | 40962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591304, 0.000%, 1/02/2030 †x | Best Egg | 12/05/2024 | 43598 | 42781 | 32405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591354, 9.820%, 12/02/2028 †x◇ | Best Egg | 12/05/2024 | 20555 | 20175 | 20761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259136225, 16.020%, 11/30/2028 †x | Upgrade | 12/04/2023 | 25851 | 25521 | 26007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259137620, 16.990%, 12/01/2028 †§x | Upgrade | 12/04/2023 | 30258 | 29866 | 30721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591445, 14.570%, 2/02/2028 †x# | Best Egg | 12/05/2024 | 34544 | 33935 | 34728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259149174, 16.020%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 25836 | 25497 | 26244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259163442, 16.020%, 11/30/2028 †§x | Upgrade | 12/04/2023 | 20671 | 20400 | 20997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591705, 12.000%, 1/07/2029 †x◇ | Best Egg | 12/05/2024 | 22729 | 22306 | 22703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591714, 18.160%, 12/02/2027 †x◇ | Best Egg | 12/05/2024 | 27613 | 27121 | 27557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591762, 12.320%, 12/02/2028 †x◇ | Best Egg | 12/05/2024 | 34063 | 33431 | 34113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591785, 15.700%, 12/02/2029 †x#◇ | Best Egg | 12/05/2024 | 25933 | 25436 | 26049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2591882, 11.380%, 12/02/2029 †x◇ | Best Egg | 12/05/2024 | 40724 | 39952 | 40410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2592315, 10.930%, 12/03/2029 †x◇ | Best Egg | 12/06/2024 | 40636 | 39866 | 40149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2592318, 5.450%, 1/15/2028 †x◇ | Best Egg | 12/06/2024 | 22128 | 21736 | 22235 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**89** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2592339, 6.090%, 1/26/2028 †x#◇ | Best Egg | 12/06/2024 | $22414 | $22016 | $22331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2592608, 6.280%, 12/03/2029 †x◇ | Best Egg | 12/06/2024 | 31754 | 31155 | 31390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2592711, 6.450%, 12/03/2029 †x◇ | Best Egg | 12/06/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2592804, 17.800%, 12/03/2029 †x◇ | Best Egg | 12/06/2024 | 22641 | 22209 | 22429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2592869, 10.660%, 12/03/2027 †x◇ | Best Egg | 12/06/2024 | 22691 | 22290 | 22780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259302723, 16.990%, 12/04/2028 †§x | Upgrade | 12/07/2023 | 25641 | 25301 | 26047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2593032, 14.730%, 12/03/2029 †x◇ | Best Egg | 12/06/2024 | 22847 | 22406 | 22525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2593033, 18.050%, 12/03/2029 †x◇ | Best Egg | 12/06/2024 | 41134 | 40349 | 40717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2593558, 10.670%, 12/03/2027 †x◇ | Best Egg | 12/06/2024 | 32420 | 31841 | 32520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2593720, 13.210%, 12/03/2029 †x◇ | Best Egg | 12/06/2024 | 22903 | 22468 | 23026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2593972, 10.590%, 12/03/2028 †x◇ | Best Egg | 12/06/2024 | 20170 | 19797 | 20148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2594021, 4.960%, 11/03/2029 †x#◇ | Best Egg | 12/06/2024 | 21665 | 21257 | 21448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259439915, 16.020%, 12/04/2028 †§x | Upgrade | 12/07/2023 | 23114 | 22651 | 23570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259448939, 16.020%, 12/04/2028 †§x | Upgrade | 12/07/2023 | 22584 | 22287 | 22944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2594575, 11.490%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 34226 | 33578 | 33971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2594603, 19.010%, 4/04/2030 †x# | Best Egg | 12/09/2024 | 37870 | 37141 | 37772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2594773, 11.740%, 2/04/2030 †x | Best Egg | 12/09/2024 | 21687 | 21274 | 21882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2594804, 17.810%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 41792 | 40995 | 41447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2594832, 31.070%, 4/04/2030 †x#◇ | Best Egg | 12/09/2024 | 35584 | 34891 | 34760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2594899, 18.050%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 41973 | 41172 | 42148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2595180, 17.060%, 1/04/2030 †x# | Best Egg | 12/09/2024 | 22926 | 22487 | 22727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2595665, 16.110%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 25955 | 25461 | 25727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2595819, 9.820%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 40415 | 39650 | 40101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2595931, 13.200%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 20973 | 20575 | 20978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2595933, 17.080%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 35952 | 35267 | 36115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2595939, 14.760%, 12/04/2028 †x◇ | Best Egg | 12/09/2024 | 20480 | 20099 | 20585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596057, 21.080%, 12/04/2027 †x◇ | Best Egg | 12/09/2024 | 20491 | 20125 | 20337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596147, 28.290%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 38165 | 37431 | 36712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596369, 17.190%, 12/04/2029 †x◇ | Best Egg | 12/09/2024 | 22663 | 22231 | 22481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596569, 16.820%, 12/05/2029 †x◇ | Best Egg | 12/09/2024 | 40917 | 40137 | 41111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596710, 9.180%, 12/05/2027 †x◇ | Best Egg | 12/09/2024 | 25729 | 25276 | 25840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596736, 14.650%, 12/05/2029 †x◇ | Best Egg | 12/09/2024 | 26445 | 25942 | 26296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596746, 12.000%, 12/05/2029 †x◇ | Best Egg | 12/09/2024 | 25668 | 25180 | 25828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259685484, 16.990%, 12/15/2028 †§x | Upgrade | 12/07/2023 | 20155 | 19885 | 20534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2596900, 10.790%, 12/05/2028 †x◇ | Best Egg | 12/09/2024 | 32484 | 31879 | 32792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2597021, 20.460%, 12/05/2029 †x◇ | Best Egg | 12/09/2024 | 23317 | 22871 | 23093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2597276, 14.890%, 12/05/2029 †x◇ | Best Egg | 12/09/2024 | 22618 | 22188 | 22414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2597286, 16.110%, 12/05/2029 †x◇ | Best Egg | 12/09/2024 | 41622 | 40829 | 41600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 259730310, 16.990%, 12/04/2028 †§x | Upgrade | 12/07/2023 | 26711 | 26357 | 27134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2597490, 18.450%, 3/05/2028 †x#◇ | Best Egg | 12/09/2024 | 36554 | 35884 | 36084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2598057, 6.280%, 12/05/2029 †x◇ | Best Egg | 12/09/2024 | 39692 | 38943 | 39243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2598061, 15.380%, 1/25/2030 †x#◇ | Best Egg | 12/09/2024 | 20862 | 20461 | 20584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2598335, 4.610%, 12/05/2027 †x◇ | Best Egg | 12/09/2024 | 26003 | 25547 | 26134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2598608, 18.760%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 21049 | 20647 | 20603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2598640, 13.690%, 1/18/2030 †x◇ | Best Egg | 12/11/2024 | 25809 | 25317 | 25830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2598981, 6.780%, 12/08/2027 †x◇ | Best Egg | 12/11/2024 | 30255 | 29722 | 30193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2598988, 18.050%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 32739 | 32114 | 32453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2599260, 24.260%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 36574 | 35871 | 35087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2599478, 17.400%, 4/08/2028 †x# | Best Egg | 12/11/2024 | 24620 | 24171 | 24321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2599613, 16.330%, 1/20/2030 †x◇ | Best Egg | 12/11/2024 | 21428 | 21016 | 21254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2599797, 20.580%, 12/12/2028 †x◇ | Best Egg | 12/16/2024 | 25242 | 24770 | 25075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2599985, 15.370%, 4/08/2030 †x# | Best Egg | 12/11/2024 | 30097 | 29520 | 29911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600089, 9.790%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 36369 | 35680 | 36430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600550, 10.790%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 40608 | 39838 | 40910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600606, 12.930%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 21477 | 21069 | 21618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600620, 15.020%, 2/10/2029 †x◇ | Best Egg | 12/11/2024 | 39621 | 38880 | 39475 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**90** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600669, 12.970%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | $35872 | $35190 | $35582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600687, 9.700%, 12/08/2027 †x#◇ | Best Egg | 12/11/2024 | 24014 | 23590 | 24205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600849, 5.840%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 32158 | 31552 | 31832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601199, 8.390%, 12/08/2029 †x#◇ | Best Egg | 12/11/2024 | 27077 | 26564 | 26878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601419, 5.900%, 4/23/2030 †x | Best Egg | 12/12/2024 | 37912 | 37154 | 36671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601485, 11.950%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 28219 | 27683 | 27997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601740, 13.690%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 24702 | 24233 | 24860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601817, 8.080%, 12/09/2028 †x◇ | Best Egg | 12/12/2024 | 33334 | 32718 | 33274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601840, 7.390%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 31938 | 31335 | 31711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601896, 12.460%, 4/09/2030 †x# | Best Egg | 12/12/2024 | 27085 | 26567 | 27362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2601986, 13.200%, 4/09/2030 †x# | Best Egg | 12/12/2024 | 39635 | 38878 | 39803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2602100, 19.410%, 12/09/2027 †x◇ | Best Egg | 12/12/2024 | 25916 | 25453 | 25550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2602192, 20.940%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 40645 | 39868 | 40077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2602405, 13.200%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 29275 | 28719 | 29297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2602413, 18.990%, 1/09/2030 †x | Best Egg | 12/12/2024 | 43738 | 42897 | 43396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2602441, 15.850%, 1/26/2030 †x◇ | Best Egg | 12/12/2024 | 29394 | 28827 | 29143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2602465, 15.140%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2602562, 6.930%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 39827 | 39075 | 40013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2603009, 7.390%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 31938 | 31335 | 31711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2603061, 30.120%, 12/09/2029 †x◇ | Best Egg | 12/12/2024 | 26356 | 25849 | 24980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 260310536, 16.990%, 12/27/2028 †x# | Upgrade | 12/21/2023 | 26783 | 26423 | 26962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2603232, 16.110%, 12/09/2029 †x#◇ | Best Egg | 12/12/2024 | 39681 | 38920 | 39356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2603631, 14.450%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 28920 | 28370 | 28579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2603724, 16.420%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 29175 | 28619 | 28942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2603756, 17.060%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 41795 | 40999 | 41271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2604102, 12.950%, 1/18/2030 †x#◇ | Best Egg | 12/13/2024 | 28289 | 27749 | 28068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2604149, 16.330%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 22231 | 21807 | 22055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2604267, 4.370%, 12/10/2027 †x◇ | Best Egg | 12/13/2024 | 31327 | 30777 | 31496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2604815, 26.380%, 12/10/2029 †x#◇ | Best Egg | 12/13/2024 | 22114 | 21685 | 21619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2604855, 15.150%, 2/10/2030 †x# | Best Egg | 12/13/2024 | 30680 | 30092 | 30432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2604954, 9.330%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 23823 | 23372 | 23648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2605012, 15.870%, 12/10/2029 †x#◇ | Best Egg | 12/13/2024 | 40625 | 39846 | 40346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2605175, 11.000%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 32305 | 31692 | 32352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2605336, 19.750%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 24972 | 24487 | 23721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2605583, 13.690%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 21247 | 20843 | 21075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2605638, 13.940%, 12/10/2029 †x◇ | Best Egg | 12/13/2024 | 41217 | 40434 | 40925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2605758, 10.790%, 12/11/2027 †x◇ | Best Egg | 12/16/2024 | 31789 | 31227 | 31911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2605933, 16.360%, 3/11/2030 †x | Best Egg | 12/16/2024 | 24441 | 23971 | 24347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606053, 13.940%, 1/17/2030 †x◇ | Best Egg | 12/16/2024 | 41351 | 40563 | 41057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606065, 18.050%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 35199 | 34528 | 34907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606073, 16.020%, 12/11/2028 †x◇ | Best Egg | 12/16/2024 | 30825 | 30251 | 31096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606148, 13.330%, 12/11/2027 †x◇ | Best Egg | 12/16/2024 | 26643 | 26170 | 26815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606186, 13.040%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 27911 | 27381 | 27940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606663, 15.870%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 35341 | 34668 | 35069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606709, 6.380%, 1/24/2030 †x◇ | Best Egg | 12/16/2024 | 21186 | 20786 | 20962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606728, 8.070%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 31248 | 30657 | 31028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606787, 9.050%, 12/11/2029 †x#◇ | Best Egg | 12/16/2024 | 26105 | 25610 | 26163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2606847, 12.730%, 12/11/2029 †x#◇ | Best Egg | 12/16/2024 | 22150 | 21729 | 22000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607005, 12.930%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 38658 | 37924 | 38699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607031, 5.900%, 2/12/2030 †x | Best Egg | 12/16/2024 | 32562 | 31946 | 29599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607092, 19.750%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 40685 | 39908 | 39648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607168, 4.610%, 12/11/2027 †x◇ | Best Egg | 12/16/2024 | 31369 | 30818 | 31313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607216, 20.650%, 2/11/2030 †x# | Best Egg | 12/16/2024 | 43420 | 42583 | 43205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607520, 24.800%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 34492 | 33830 | 33984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607524, 29.020%, 12/11/2028 †x◇ | Best Egg | 12/16/2024 | 24441 | 23981 | 23504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607650, 16.110%, 12/11/2029 †x◇ | Best Egg | 12/16/2024 | 35357 | 34681 | 35082 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**91** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607789, 20.460%, 4/12/2030 †x# | Best Egg | 12/16/2024 | $23966 | $23504 | $23999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 260792797, 14.860%, 12/20/2027 †§x | Upgrade | 12/26/2023 | 26623 | 26336 | 26866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2607950, 19.890%, 12/12/2027 †x◇ | Best Egg | 12/16/2024 | 33958 | 33351 | 33188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608127, 16.110%, 12/12/2029 †x◇ | Best Egg | 12/16/2024 | 27054 | 26539 | 26848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608155, 10.100%, 12/12/2028 †x◇ | Best Egg | 12/16/2024 | 37427 | 36734 | 37543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608356, 13.970%, 12/12/2027 †x◇ | Best Egg | 12/16/2024 | 24424 | 23991 | 24620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608493, 15.100%, 2/12/2030 †x# | Best Egg | 12/16/2024 | 30070 | 29496 | 29867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608571, 12.960%, 12/12/2029 †x◇ | Best Egg | 12/16/2024 | 38613 | 37880 | 38657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608664, 13.690%, 12/12/2029 †x#◇ | Best Egg | 12/16/2024 | 24604 | 24133 | 24770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608715, 15.370%, 1/15/2030 †x◇ | Best Egg | 12/16/2024 | 41560 | 40768 | 41224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608896, 10.790%, 12/12/2027 †x◇ | Best Egg | 12/16/2024 | 27248 | 26766 | 27355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2608970, 12.560%, 12/12/2029 †x◇ | Best Egg | 12/16/2024 | 31276 | 30682 | 31068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 260920191, 16.020%, 12/20/2028 †§x | Upgrade | 12/26/2023 | 26491 | 26139 | 27034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2609414, 11.950%, 12/12/2029 †x◇ | Best Egg | 12/16/2024 | 20523 | 20133 | 20367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2609453, 15.870%, 12/12/2029 †x◇ | Best Egg | 12/16/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38747 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 260952201, 25.200%, 12/18/2028 †§x | Upgrade | 12/21/2023 | 20665 | 20367 | 21589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2609801, 10.790%, 12/15/2027 †x◇ | Best Egg | 12/18/2024 | 21057 | 20684 | 21146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2609832, 26.380%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 26018 | 25518 | 24999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2609942, 13.200%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 22592 | 22163 | 22624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610097, 18.050%, 1/21/2030 †x◇ | Best Egg | 12/18/2024 | 35405 | 34724 | 35135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610306, 15.880%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 33264 | 32630 | 33061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610392, 5.300%, 12/15/2027 †x#◇ | Best Egg | 12/18/2024 | 30543 | 30005 | 30441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610639, 18.660%, 3/15/2028 †x# | Best Egg | 12/18/2024 | 21765 | 21370 | 21436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610739, 14.890%, 4/15/2030 †x# | Best Egg | 12/18/2024 | 24161 | 23701 | 24329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610801, 31.070%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 28641 | 28090 | 27426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610849, 12.930%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 21477 | 21069 | 21508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2610995, 6.280%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 33073 | 32449 | 32862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611075, 8.850%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 21621 | 21212 | 21474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611227, 12.720%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 34877 | 34214 | 34631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611323, 11.760%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 36719 | 36022 | 37008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611377, 11.530%, 1/26/2030 †x#◇ | Best Egg | 12/18/2024 | 25952 | 25457 | 25780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611383, 14.180%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 35877 | 35195 | 35645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261149290, 16.990%, 12/15/2028 †§x | Upgrade | 12/18/2023 | 20033 | 19766 | 20406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261171625, 16.990%, 12/19/2028 †§x | Upgrade | 12/22/2023 | 19959 | 19691 | 20350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611729, 12.240%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 24535 | 24069 | 24576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611897, 17.560%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 23037 | 22597 | 22845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611933, 10.040%, 12/15/2028 †x◇ | Best Egg | 12/18/2024 | 23131 | 22702 | 23390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2611972, 17.770%, 2/15/2030 †x | Best Egg | 12/18/2024 | 44541 | 43688 | 43715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2612392, 31.150%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 25785 | 25288 | 24496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2612393, 19.690%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 23244 | 22800 | 22310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2612528, 19.950%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 30745 | 30151 | 30130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2612596, 15.150%, 12/15/2029 †x◇ | Best Egg | 12/18/2024 | 28597 | 28052 | 28377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2612769, 4.610%, 12/15/2027 †x◇ | Best Egg | 12/18/2024 | 31369 | 30818 | 31040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261289950, 16.990%, 12/18/2028 †§x | Upgrade | 12/21/2023 | 20768 | 20490 | 21169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613062, 11.790%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 27747 | 27219 | 27547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613104, 15.630%, 1/16/2030 †x# | Best Egg | 12/19/2024 | 32004 | 31389 | 31767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261311598, 15.890%, 12/20/2028 †§x | Upgrade | 12/26/2023 | 33130 | 32687 | 33459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613268, 13.390%, 2/16/2029 †x# | Best Egg | 12/19/2024 | 40756 | 39995 | 40749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613300, 12.850%, 12/16/2027 †x◇ | Best Egg | 12/19/2024 | 29509 | 28985 | 29767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613561, 14.890%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 26494 | 25989 | 26321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613741, 8.480%, 12/16/2027 †x◇ | Best Egg | 12/19/2024 | 27559 | 27073 | 27787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2613833, 7.390%, 12/16/2029 †x#◇ | Best Egg | 12/19/2024 | 21905 | 21490 | 21762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261391414, 16.020%, 12/19/2028 †§x | Upgrade | 12/22/2023 | 33115 | 32674 | 33767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614042, 5.980%, 12/16/2027 †x◇ | Best Egg | 12/19/2024 | 22126 | 21736 | 22051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614107, 11.740%, 12/16/2029 †x#◇ | Best Egg | 12/19/2024 | 24608 | 24140 | 24798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614128, 16.110%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 41622 | 40829 | 41327 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**92** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614333, 15.150%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | $24867 | $24393 | $24697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614349, 7.840%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 21282 | 20880 | 21143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614350, 26.380%, 2/16/2030 †x | Best Egg | 12/19/2024 | 23371 | 22918 | 22849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614444, 23.510%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 21882 | 21463 | 21435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614567, 15.140%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 24866 | 24392 | 24702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614590, 24.470%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 23169 | 22715 | 22286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614637, 17.080%, 12/16/2029 †x◇ | Best Egg | 12/19/2024 | 21571 | 21160 | 21413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614766, 17.810%, 2/16/2030 †x | Best Egg | 12/19/2024 | 23246 | 22807 | 22775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2614801, 14.180%, 1/26/2030 †x◇ | Best Egg | 12/19/2024 | 20745 | 20349 | 20611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2615432, 15.430%, 1/24/2028 †x◇ | Best Egg | 12/20/2024 | 20466 | 20098 | 20595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2615438, 17.310%, 12/17/2029 †x◇ | Best Egg | 12/20/2024 | 25104 | 24625 | 24826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2615553, 18.730%, 5/17/2030 †x# | Best Egg | 12/20/2024 | 27181 | 26656 | 27409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2615604, 14.470%, 12/17/2028 †x◇ | Best Egg | 12/20/2024 | 38136 | 37426 | 38396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2615608, 11.070%, 12/17/2028 †x◇ | Best Egg | 12/20/2024 | 36395 | 35720 | 36435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2615610, 14.080%, 12/17/2028 †x#◇ | Best Egg | 12/20/2024 | 31073 | 30494 | 31380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2615831, 24.470%, 12/17/2029 †x◇ | Best Egg | 12/20/2024 | 28234 | 27692 | 27533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616153, 6.900%, 12/17/2027 †x◇ | Best Egg | 12/20/2024 | 23781 | 23362 | 23907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616280, 5.410%, 12/17/2029 †x◇ | Best Egg | 12/20/2024 | 29552 | 28995 | 29249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616286, 10.790%, 1/26/2030 †x#◇ | Best Egg | 12/20/2024 | 36285 | 35593 | 36589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616353, 12.970%, 12/17/2029 †x◇ | Best Egg | 12/20/2024 | 23389 | 22944 | 23247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261643208, 16.990%, 12/19/2028 †x# | Upgrade | 12/22/2023 | 27247 | 26883 | 27253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616637, 11.760%, 12/17/2029 †x#◇ | Best Egg | 12/20/2024 | 27803 | 27273 | 27603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616812, 14.660%, 12/17/2029 †x◇ | Best Egg | 12/20/2024 | 41353 | 40566 | 41083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616847, 15.380%, 12/17/2029 †x#◇ | Best Egg | 12/20/2024 | 20679 | 20282 | 20543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2616919, 12.470%, 12/17/2027 †x◇ | Best Egg | 12/20/2024 | 22906 | 22500 | 22803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2617495, 21.810%, 1/26/2028 †x◇ | Best Egg | 12/23/2024 | 20511 | 20101 | 20125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2617553, 21.430%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 42560 | 41745 | 42251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261762322, 25.200%, 12/20/2028 †§x | Upgrade | 12/26/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261766121, 16.990%, 12/20/2028 †§x | Upgrade | 12/26/2023 | 22581 | 22277 | 23002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2617809, 14.410%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 31176 | 30579 | 30981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2617860, 11.250%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 40699 | 39927 | 40793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618099, 11.250%, 2/18/2030 †x# | Best Egg | 12/23/2024 | 25253 | 24772 | 25334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618238, 26.660%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 26044 | 25544 | 25508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618307, 7.880%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 32018 | 31413 | 31685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261830799, 16.020%, 12/20/2028 †§x | Upgrade | 12/26/2023 | 25035 | 24701 | 25547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618397, 16.840%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 38402 | 37669 | 38641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618483, 15.850%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 20787 | 20391 | 20571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 261860923, 25.200%, 12/20/2028 †§x | Upgrade | 12/26/2023 | 21947 | 21631 | 22966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618648, 16.830%, 12/18/2029 †x◇ | Best Egg | 12/23/2024 | 24217 | 23755 | 24048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618888, 9.890%, 12/19/2027 †x◇ | Best Egg | 12/23/2024 | 21215 | 20839 | 21321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2618925, 26.380%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 34691 | 34024 | 33357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2619307, 28.290%, 1/25/2030 †x◇ | Best Egg | 12/23/2024 | 26302 | 25798 | 25407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2619410, 12.620%, 12/19/2028 †x◇ | Best Egg | 12/23/2024 | 37904 | 37200 | 38321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2619476, 9.820%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 36681 | 35986 | 36438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2619491, 13.930%, 1/26/2030 †x#◇ | Best Egg | 12/23/2024 | 39299 | 38547 | 39035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2619722, 17.290%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 38742 | 38003 | 38512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2619723, 17.310%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 29288 | 28729 | 28977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2619866, 4.610%, 12/19/2027 †x◇ | Best Egg | 12/23/2024 | 26003 | 25546 | 25963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2620140, 25.510%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 42445 | 41629 | 40449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2620153, 18.840%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 21816 | 21399 | 21654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2620225, 15.150%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 41440 | 40651 | 41730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2620382, 31.070%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 22032 | 21607 | 21132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2620448, 28.290%, 12/19/2029 †x◇ | Best Egg | 12/23/2024 | 26201 | 25692 | 25245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2621121, 8.160%, 12/22/2028 †x◇ | Best Egg | 12/26/2024 | 22973 | 22548 | 23006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2621221, 9.180%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | 40287 | 39524 | 39875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2621419, 9.500%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | 26228 | 25732 | 26481 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**93** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2621547, 8.330%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | $22063 | $21646 | $22286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2621589, 13.200%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | 38014 | 37291 | 38095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2621716, 8.720%, 12/22/2027 †x◇ | Best Egg | 12/26/2024 | 27301 | 26819 | 27570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2621975, 17.290%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | 39844 | 39067 | 39575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2622334, 15.930%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | 33271 | 32637 | 32954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2622338, 15.870%, 12/22/2027 †x◇ | Best Egg | 12/26/2024 | 28591 | 28082 | 28307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2622476, 8.560%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | 38247 | 37523 | 38012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2622497, 15.870%, 12/22/2029 †x#◇ | Best Egg | 12/26/2024 | 25877 | 25381 | 25716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2622817, 8.830%, 12/22/2027 †x#◇ | Best Egg | 12/26/2024 | 22278 | 21884 | 22398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2622879, 10.880%, 12/22/2027 †x◇ | Best Egg | 12/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2622953, 11.420%, 12/22/2029 †x◇ | Best Egg | 12/26/2024 | 30549 | 29969 | 30347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623070, 8.970%, 12/22/2027 †x◇ | Best Egg | 12/26/2024 | 23960 | 23535 | 24087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623289, 15.370%, 12/23/2029 †x◇ | Best Egg | 12/26/2024 | 29040 | 28486 | 28900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623351, 20.980%, 12/23/2029 †x◇ | Best Egg | 12/26/2024 | 42484 | 41670 | 41498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623715, 14.180%, 2/01/2030 †x◇ | Best Egg | 12/26/2024 | 30596 | 30013 | 30441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623765, 16.890%, 12/23/2028 †x◇ | Best Egg | 12/26/2024 | 27081 | 26576 | 27060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623833, 9.330%, 12/23/2029 †x◇ | Best Egg | 12/26/2024 | 30343 | 29768 | 30155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623866, 8.290%, 12/23/2029 †x◇ | Best Egg | 12/26/2024 | 24627 | 24160 | 24382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2623875, 18.340%, 2/23/2029 †x# | Best Egg | 12/26/2024 | 20542 | 20156 | 20505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2624027, 12.130%, 12/23/2028 †x◇ | Best Egg | 12/26/2024 | 23760 | 23319 | 23830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2624105, 15.150%, 2/23/2030 †x | Best Egg | 12/26/2024 | 44200 | 43355 | 44668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2624127, 22.870%, 12/23/2029 †x◇ | Best Egg | 12/26/2024 | 24432 | 23953 | 23968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2624199, 17.070%, 12/23/2028 †x◇ | Best Egg | 12/26/2024 | 22458 | 22038 | 22440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2624299, 12.990%, 2/23/2028 †x# | Best Egg | 12/26/2024 | 21796 | 21404 | 21993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2624548, 12.710%, 12/23/2029 †x◇ | Best Egg | 12/26/2024 | 24590 | 24122 | 24648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2624634, 10.790%, 12/23/2027 †x◇ | Best Egg | 12/26/2024 | 22944 | 22537 | 23059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625105, 12.500%, 12/25/2027 †x#◇ | Best Egg | 12/30/2024 | 28801 | 28289 | 29064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625262, 11.360%, 12/25/2029 †x◇ | Best Egg | 12/30/2024 | 20360 | 19974 | 20269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625272, 12.020%, 12/25/2027 †x◇ | Best Egg | 12/30/2024 | 27619 | 27128 | 27875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625391, 9.040%, 12/25/2027 †x◇ | Best Egg | 12/30/2024 | 31919 | 31354 | 32098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625434, 20.460%, 12/25/2029 †x#◇ | Best Egg | 12/30/2024 | 42395 | 41583 | 41431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625443, 6.280%, 12/25/2029 †x◇ | Best Egg | 12/30/2024 | 20967 | 20571 | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625462, 19.690%, 3/25/2030 †x# | Best Egg | 12/30/2024 | 41585 | 40753 | 41554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625465, 14.180%, 12/25/2029 †x#◇ | Best Egg | 12/30/2024 | 41263 | 40477 | 41055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625683, 7.530%, 12/25/2029 †x◇ | Best Egg | 12/30/2024 | 23171 | 22734 | 22944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625744, 25.170%, 12/25/2027 †x#◇ | Best Egg | 12/30/2024 | 23397 | 22969 | 22986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625825, 20.760%, 12/25/2028 †x#◇ | Best Egg | 12/30/2024 | 29944 | 29378 | 29727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625937, 13.450%, 12/25/2029 †x◇ | Best Egg | 12/30/2024 | 21991 | 21572 | 22175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626105, 19.500%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 43019 | 42195 | 42575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626288, 14.180%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 32818 | 32192 | 32548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626355, 11.790%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 40770 | 39995 | 40423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626486, 14.660%, 1/01/2030 †x#◇ | Best Egg | 12/30/2024 | 21722 | 21305 | 21825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626515, 13.200%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 27636 | 27109 | 27640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626572, 21.600%, 3/01/2030 †x | Best Egg | 12/30/2024 | 36275 | 35569 | 35267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626589, 8.030%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 22473 | 22047 | 22657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626708, 11.440%, 2/01/2029 †x◇ | Best Egg | 12/30/2024 | 38712 | 37991 | 38645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626764, 18.860%, 2/01/2029 †x◇ | Best Egg | 12/30/2024 | 29534 | 28980 | 29224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626770, 17.400%, 2/01/2028 †x◇ | Best Egg | 12/30/2024 | 34990 | 34360 | 34518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626812, 23.990%, 3/01/2030 †x | Best Egg | 12/30/2024 | 26172 | 25668 | 25517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626844, 28.760%, 3/21/2030 †x◇ | Best Egg | 12/30/2024 | 27006 | 26484 | 25575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2626916, 18.050%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 22069 | 21647 | 21830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2627028, 31.070%, 12/01/2029 †x#◇ | Best Egg | 12/30/2024 | 21050 | 20639 | 20194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2627038, 10.790%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 26712 | 26204 | 26387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2627082, 6.090%, 2/01/2028 †x◇ | Best Egg | 12/30/2024 | 32371 | 31796 | 32245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2627137, 15.390%, 3/01/2030 †x# | Best Egg | 12/30/2024 | 44689 | 43834 | 44089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2627221, 6.280%, 2/01/2030 †x◇ | Best Egg | 12/30/2024 | 40503 | 39737 | 40198 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**94** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2630641, 15.920%, 2/01/2028 †x◇ | Best Egg | 1/02/2025 | $33943 | $33334 | $34171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631041, 15.150%, 2/01/2030 †x◇ | Best Egg | 1/02/2025 | 40343 | 39573 | 40589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631149, 8.360%, 1/01/2030 †x◇ | Best Egg | 1/02/2025 | 25688 | 25201 | 25683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631191, 16.610%, 2/06/2030 †x◇ | Best Egg | 1/02/2025 | 42532 | 41719 | 42765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631230, 13.940%, 2/01/2030 †x◇ | Best Egg | 1/02/2025 | 41924 | 41125 | 41571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631421, 24.470%, 2/01/2030 †x◇ | Best Egg | 1/02/2025 | 26211 | 25707 | 25471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631573, 12.100%, 2/01/2028 †x◇ | Best Egg | 1/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631581, 9.610%, 2/01/2029 †x◇ | Best Egg | 1/02/2025 | 22227 | 21814 | 22372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631644, 14.170%, 2/26/2030 †x◇ | Best Egg | 1/02/2025 | 28818 | 28268 | 29003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2631873, 7.840%, 2/01/2030 †x◇ | Best Egg | 1/02/2025 | 26911 | 26402 | 26709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632081, 12.710%, 2/01/2030 †x◇ | Best Egg | 1/02/2025 | 41700 | 40906 | 41655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632145, 13.200%, 2/08/2030 †x◇ | Best Egg | 1/02/2025 | 22293 | 21867 | 22266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632298, 14.790%, 1/01/2028 †x◇ | Best Egg | 1/03/2025 | 34428 | 33814 | 34705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632357, 17.080%, 1/01/2030 †x◇ | Best Egg | 1/03/2025 | 29716 | 29149 | 29441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632393, 21.120%, 1/01/2030 †x#◇ | Best Egg | 1/03/2025 | 41584 | 40778 | 39949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632444, 15.150%, 3/01/2030 †x# | Best Egg | 1/06/2025 | 30376 | 29869 | 30154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632668, 24.260%, 1/01/2030 †x◇ | Best Egg | 1/03/2025 | 43610 | 42773 | 41657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632761, 8.620%, 1/01/2030 †x◇ | Best Egg | 1/06/2025 | 21611 | 21253 | 21446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632770, 17.060%, 1/01/2030 †x◇ | Best Egg | 1/03/2025 | 23067 | 22627 | 22697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2632868, 22.560%, 2/10/2030 †x◇ | Best Egg | 1/03/2025 | 34131 | 33467 | 33300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2633355, 9.080%, 1/01/2030 †x◇ | Best Egg | 1/06/2025 | 40989 | 40309 | 40662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2633684, 17.290%, 1/01/2030 †x◇ | Best Egg | 1/06/2025 | 20266 | 19927 | 20094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2633738, 20.170%, 5/01/2030 †x#◇ | Best Egg | 1/06/2025 | 45021 | 44261 | 44912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2633853, 18.250%, 2/15/2030 †x◇ | Best Egg | 1/06/2025 | 25823 | 25391 | 25580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2633863, 5.840%, 1/01/2030 †x#◇ | Best Egg | 1/06/2025 | 30846 | 30336 | 30472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2633884, 22.560%, 2/14/2030 †x◇ | Best Egg | 1/06/2025 | 33041 | 32477 | 32467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2634092, 18.730%, 1/01/2030 †x#◇ | Best Egg | 1/06/2025 | 23369 | 22976 | 23166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2634342, 17.560%, 1/02/2030 †x◇ | Best Egg | 1/06/2025 | 20564 | 20221 | 20372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2634442, 19.010%, 2/16/2030 †x◇ | Best Egg | 1/06/2025 | 25884 | 25445 | 25642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2634701, 15.150%, 1/02/2030 †x◇ | Best Egg | 1/06/2025 | 32580 | 32037 | 32516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2634958, 16.360%, 1/02/2030 †x◇ | Best Egg | 1/06/2025 | 33841 | 33276 | 33320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 263499680, 16.990%, 1/01/2029 †§x | Upgrade | 1/16/2024 | 22670 | 22361 | 23229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635041, 15.620%, 4/02/2030 †x# | Best Egg | 1/06/2025 | 31733 | 31201 | 31455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635048, 25.010%, 3/21/2030 †x◇ | Best Egg | 1/06/2025 | 42282 | 41569 | 40113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635063, 5.300%, 1/02/2028 †x◇ | Best Egg | 1/06/2025 | 22335 | 21990 | 22289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635280, 19.630%, 1/02/2028 †x◇ | Best Egg | 1/06/2025 | 23212 | 22848 | 22692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635394, 15.930%, 1/02/2030 †x◇ | Best Egg | 1/06/2025 | 22797 | 22417 | 22616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635643, 21.580%, 1/02/2029 †x◇ | Best Egg | 1/06/2025 | 23505 | 23119 | 22733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635965, 26.260%, 1/05/2030 †x#◇ | Best Egg | 1/08/2025 | 23946 | 23535 | 23115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2635994, 13.200%, 2/17/2030 †x◇ | Best Egg | 1/08/2025 | 22689 | 22310 | 22662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 263624072, 16.990%, 1/05/2029 †§x | Upgrade | 1/08/2024 | 20478 | 20199 | 20905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2636320, 21.690%, 2/05/2030 †x | Best Egg | 1/08/2025 | 43347 | 42645 | 42888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2636654, 13.200%, 2/15/2030 †x◇ | Best Egg | 1/08/2025 | 24176 | 23770 | 24150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2636845, 8.200%, 2/20/2028 †x◇ | Best Egg | 1/08/2025 | 20081 | 19766 | 20134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2636925, 16.770%, 1/05/2029 †x◇ | Best Egg | 1/08/2025 | 21484 | 21133 | 21449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2637039, 12.200%, 1/05/2028 †x◇ | Best Egg | 1/08/2025 | 30914 | 30430 | 30530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2637134, 12.230%, 1/05/2030 †x#◇ | Best Egg | 1/08/2025 | 41599 | 40900 | 41581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2637167, 6.280%, 1/05/2030 †x#◇ | Best Egg | 1/08/2025 | 39625 | 38970 | 39344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2637585, 14.420%, 1/05/2030 †x◇ | Best Egg | 1/08/2025 | 22661 | 22283 | 22482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2637616, 14.890%, 2/09/2030 †x◇ | Best Egg | 1/08/2025 | 21064 | 20712 | 20897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 263764982, 16.990%, 1/08/2029 †§x | Upgrade | 1/11/2024 | 19816 | 19546 | 20245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 263788640, 16.020%, 1/11/2029 †§x | Upgrade | 1/16/2024 | 23703 | 23382 | 24249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2637978, 12.130%, 1/05/2029 †x#◇ | Best Egg | 1/08/2025 | 30883 | 30379 | 31226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2638046, 11.230%, 1/05/2029 †x◇ | Best Egg | 1/08/2025 | 38569 | 37943 | 38702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2638053, 17.080%, 1/05/2030 †x◇ | Best Egg | 1/08/2025 | 33939 | 33372 | 34124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2638529, 12.990%, 1/05/2028 †x◇ | Best Egg | 1/08/2025 | 21765 | 21426 | 21970 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**95** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2638556, 15.220%, 1/05/2030 †x◇ | Best Egg | 1/08/2025 | $23158 | $22772 | $22956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2639043, 13.970%, 2/26/2028 †x#◇ | Best Egg | 1/09/2025 | 33933 | 33395 | 34236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 263914984, 16.990%, 1/28/2029 †§x | Upgrade | 1/22/2024 | 34384 | 33907 | 35015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2639395, 15.630%, 1/06/2030 †x◇ | Best Egg | 1/09/2025 | 36276 | 35671 | 36013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2639534, 11.840%, 2/25/2029 †x◇ | Best Egg | 1/09/2025 | 22139 | 21775 | 22055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2639925, 21.450%, 2/22/2028 †x◇ | Best Egg | 1/09/2025 | 30397 | 29907 | 29580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2640014, 18.530%, 1/06/2030 †x◇ | Best Egg | 1/09/2025 | 21333 | 20976 | 21280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2640038, 19.330%, 1/06/2028 †x◇ | Best Egg | 1/09/2025 | 31611 | 31115 | 30744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2640303, 15.880%, 1/06/2030 †x◇ | Best Egg | 1/09/2025 | 41375 | 40684 | 41071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264046605, 16.990%, 1/18/2029 †§x | Upgrade | 1/16/2024 | 27414 | 27036 | 28089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2640469, 11.230%, 2/16/2030 †x◇ | Best Egg | 1/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2640520, 7.800%, 1/06/2030 †x◇ | Best Egg | 1/09/2025 | 30019 | 29523 | 30070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2640524, 24.260%, 2/06/2030 †x# | Best Egg | 1/09/2025 | 45615 | 44836 | 20318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2640581, 16.110%, 2/12/2030 †x◇ | Best Egg | 1/09/2025 | 32215 | 31674 | 31957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2641949, 12.500%, 11/07/2027 †x#◇ | Best Egg | 1/10/2025 | 21207 | 20884 | 21277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264224024, 16.990%, 1/16/2029 †§x | Upgrade | 1/19/2024 | 24147 | 23816 | 24721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2642307, 14.660%, 1/07/2030 †x◇ | Best Egg | 1/10/2025 | 31176 | 30652 | 31382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2642467, 12.710%, 1/07/2029 †x#◇ | Best Egg | 1/10/2025 | 21139 | 20794 | 21043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2642577, 19.810%, 1/08/2028 †x◇ | Best Egg | 1/13/2025 | 31678 | 31181 | 30818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2642653, 10.000%, 1/08/2028 †x#◇ | Best Egg | 1/13/2025 | 21977 | 21636 | 22037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2642989, 6.420%, 1/08/2029 †x◇ | Best Egg | 1/13/2025 | 34967 | 34399 | 34798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2643208, 12.990%, 1/08/2028 †x◇ | Best Egg | 1/13/2025 | 34115 | 33583 | 34377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2643538, 10.280%, 1/08/2030 †x◇ | Best Egg | 1/13/2025 | 33319 | 32766 | 33107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2643670, 10.790%, 1/08/2028 †x◇ | Best Egg | 1/13/2025 | 31809 | 31314 | 31895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264415752, 16.990%, 1/12/2029 †§x | Upgrade | 1/16/2024 | 27324 | 26947 | 27950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2644336, 19.500%, 1/09/2030 †x#◇ | Best Egg | 1/13/2025 | 35117 | 34526 | 34773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264467444, 16.990%, 1/12/2029 †x# | Upgrade | 1/16/2024 | 23459 | 23138 | 23699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2644883, 20.460%, 1/09/2030 †x◇ | Best Egg | 1/13/2025 | 34806 | 34217 | 34278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2644887, 19.790%, 1/09/2029 †x◇ | Best Egg | 1/13/2025 | 28027 | 27568 | 28152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2644925, 11.160%, 1/09/2028 †x◇ | Best Egg | 1/13/2025 | 21583 | 21247 | 21642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2645680, 15.630%, 1/09/2030 †x◇ | Best Egg | 1/13/2025 | 21983 | 21616 | 22126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264578560, 16.990%, 1/12/2029 †§x | Upgrade | 1/16/2024 | 23891 | 23564 | 24438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264595185, 15.600%, 1/03/2028 †§x | Upgrade | 1/19/2024 | 21525 | 21285 | 21806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646014, 16.600%, 2/15/2030 †x◇ | Best Egg | 1/15/2025 | 27121 | 26668 | 26919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646034, 15.470%, 2/17/2028 †x◇ | Best Egg | 1/15/2025 | 25607 | 25202 | 25028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646330, 11.460%, 1/12/2029 †x◇ | Best Egg | 1/15/2025 | 38611 | 37983 | 38500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646556, 15.920%, 1/12/2028 †x◇ | Best Egg | 1/15/2025 | 21097 | 20767 | 21272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646658, 15.630%, 5/12/2030 †x# | Best Egg | 1/15/2025 | 25321 | 24896 | 25545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646693, 13.190%, 1/12/2030 †x#◇ | Best Egg | 1/15/2025 | 20775 | 20428 | 20657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646847, 30.000%, 1/12/2030 †x◇ | Best Egg | 1/15/2025 | 24411 | 24000 | 23459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646924, 16.120%, 1/12/2030 †x◇ | Best Egg | 1/15/2025 | 28737 | 28257 | 28928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2646955, 15.630%, 1/12/2030 †x◇ | Best Egg | 1/15/2025 | 42176 | 41472 | 42464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2647097, 5.900%, 3/26/2030 †x# | Best Egg | 1/15/2025 | 31776 | 31246 | 27253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2647174, 10.430%, 1/12/2028 †x◇ | Best Egg | 1/15/2025 | 33024 | 32510 | 33128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2647215, 20.640%, 1/12/2030 †x◇ | Best Egg | 1/15/2025 | 28199 | 27727 | 27789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2647385, 16.110%, 1/12/2030 †x◇ | Best Egg | 1/15/2025 | 22717 | 22338 | 22868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2647519, 17.770%, 1/12/2030 †x◇ | Best Egg | 1/15/2025 | 21270 | 20914 | 21102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264787582, 16.990%, 1/23/2029 †x# | Upgrade | 1/26/2024 | 30632 | 30019 | 31024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264795850, 16.020%, 1/16/2029 †§x | Upgrade | 1/19/2024 | 23704 | 23381 | 24273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2647982, 4.650%, 1/12/2028 †x◇ | Best Egg | 1/15/2025 | 26189 | 25784 | 26145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2648020, 27.570%, 1/12/2028 †x◇ | Best Egg | 1/15/2025 | 27282 | 26850 | 26109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264830530, 16.020%, 1/17/2029 †§x# | Upgrade | 1/22/2024 | 25651 | 25302 | 26242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2648345, 12.720%, 1/12/2030 †x◇ | Best Egg | 1/15/2025 | 33330 | 32775 | 33598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2648792, 15.150%, 2/26/2030 †x#◇ | Best Egg | 1/16/2025 | 34462 | 33879 | 34704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264898283, 16.510%, 1/16/2029 †§x | Upgrade | 1/19/2024 | 22306 | 22000 | 22804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 264913944, 16.990%, 1/17/2029 †§x | Upgrade | 1/22/2024 | 22731 | 22419 | 23285 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**96** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2649536, 17.770%, 1/13/2030 †x◇ | Best Egg | 1/16/2025 | $23817 | $23419 | $23632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2649647, 19.950%, 1/13/2030 †x◇ | Best Egg | 1/16/2025 | 33568 | 33006 | 33095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2650014, 14.420%, 1/13/2030 †x◇ | Best Egg | 1/16/2025 | 41965 | 41266 | 41681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2650164, 11.740%, 1/13/2030 †x◇ | Best Egg | 1/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2650363, 8.330%, 1/14/2030 †x#◇ | Best Egg | 1/17/2025 | 25466 | 25044 | 25296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265038757, 16.990%, 2/07/2029 †§x# | Upgrade | 1/26/2024 | 22923 | 22604 | 23367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265064498, 16.990%, 1/17/2029 †x# | Upgrade | 1/22/2024 | 30755 | 30333 | 25487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2650806, 5.900%, 12/20/2029 †x | Best Egg | 1/17/2025 | 39421 | 38767 | 31937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2650886, 9.080%, 3/14/2030 †x | Best Egg | 1/17/2025 | 32769 | 32224 | 32584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265110391, 16.990%, 1/23/2029 †§x | Upgrade | 1/26/2024 | 20734 | 20448 | 21265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651220, 13.160%, 1/14/2030 †x◇ | Best Egg | 1/17/2025 | 41742 | 41047 | 42080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651291, 20.940%, 1/14/2030 †x◇ | Best Egg | 1/17/2025 | 31478 | 30951 | 31032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651342, 5.840%, 1/14/2030 †x#◇ | Best Egg | 1/17/2025 | 25423 | 25003 | 25129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651465, 18.840%, 1/14/2030 †x◇ | Best Egg | 1/17/2025 | 28620 | 28142 | 28390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651470, 11.950%, 1/14/2030 †x◇ | Best Egg | 1/17/2025 | 40692 | 40015 | 40394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265157580, 16.990%, 1/23/2029 †§x | Upgrade | 1/26/2024 | 20478 | 20196 | 21003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651789, 16.110%, 1/14/2030 †x◇ | Best Egg | 1/17/2025 | 22717 | 22338 | 22575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651878, 18.250%, 1/15/2030 †x◇ | Best Egg | 1/21/2025 | 21097 | 20744 | 20915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651907, 20.690%, 2/15/2030 †x#◇ | Best Egg | 1/21/2025 | 31572 | 31039 | 31277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651917, 17.970%, 1/15/2029 †x◇ | Best Egg | 1/21/2025 | 27816 | 27360 | 28118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651929, 20.760%, 1/25/2029 †x#◇ | Best Egg | 1/21/2025 | 35255 | 34673 | 35118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2651952, 13.100%, 5/20/2029 †x#◇ | Best Egg | 1/21/2025 | 39715 | 39061 | 40273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652067, 16.350%, 1/15/2030 †x◇ | Best Egg | 1/21/2025 | 30456 | 29947 | 30237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652102, 11.410%, 1/15/2028 †x◇ | Best Egg | 1/21/2025 | 30472 | 29997 | 30745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652186, 13.690%, 1/15/2030 †x◇ | Best Egg | 1/21/2025 | 30261 | 29757 | 30503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652330, 15.940%, 1/15/2030 †x◇ | Best Egg | 1/21/2025 | 34628 | 34050 | 34418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652428, 12.730%, 1/15/2030 †x◇ | Best Egg | 1/21/2025 | 24998 | 24582 | 24694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652479, 0.000%, 4/15/2028 †x# | Best Egg | 1/21/2025 | 31356 | 30856 | 25297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652764, 14.660%, 1/15/2030 †x◇ | Best Egg | 1/21/2025 | 22775 | 22396 | 22623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652768, 13.010%, 1/15/2029 †x◇ | Best Egg | 1/21/2025 | 23331 | 22951 | 23634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652804, 10.250%, 2/20/2028 †x◇ | Best Egg | 1/21/2025 | 31147 | 30659 | 31286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2652929, 16.110%, 1/15/2030 †x◇ | Best Egg | 1/21/2025 | 21977 | 21608 | 21821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2653006, 14.470%, 1/15/2029 †x◇ | Best Egg | 1/21/2025 | 27352 | 26905 | 27650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2653424, 12.990%, 1/16/2028 †x◇ | Best Egg | 1/21/2025 | 25245 | 24851 | 25462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2653500, 14.180%, 1/16/2030 †x◇ | Best Egg | 1/21/2025 | 20961 | 20612 | 20848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2653604, 14.080%, 2/16/2029 †x | Best Egg | 1/21/2025 | 38963 | 38326 | 39127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2653849, 13.940%, 1/16/2030 †x◇ | Best Egg | 1/21/2025 | 23453 | 23062 | 23282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2653939, 17.080%, 1/16/2030 †x#◇ | Best Egg | 1/21/2025 | 40064 | 39391 | 39772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265403816, 16.990%, 1/22/2029 †§x | Upgrade | 1/25/2024 | 27304 | 26928 | 27996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654097, 25.030%, 1/16/2030 †x◇ | Best Egg | 1/21/2025 | 42621 | 41905 | 40900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654176, 15.390%, 1/16/2030 †x◇ | Best Egg | 1/21/2025 | 32022 | 31488 | 31776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654271, 14.910%, 1/16/2030 †x◇ | Best Egg | 1/21/2025 | 37846 | 37215 | 37560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654486, 6.500%, 1/16/2030 †x#◇ | Best Egg | 1/21/2025 | 36250 | 35648 | 35832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654577, 25.900%, 1/16/2030 †x◇ | Best Egg | 1/21/2025 | 35048 | 34459 | 33949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654674, 5.170%, 1/16/2028 †x◇ | Best Egg | 1/21/2025 | 21007 | 20682 | 21120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654739, 19.360%, 1/16/2028 †x◇ | Best Egg | 1/21/2025 | 21076 | 20745 | 21023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2654965, 11.950%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 21737 | 21376 | 21590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265514374, 12.960%, 1/22/2029 †§x | Upgrade | 1/25/2024 | 27721 | 27353 | 28451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2655187, 13.690%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 28008 | 27541 | 27847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2655191, 13.200%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 39968 | 39302 | 39986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265521959, 16.990%, 1/22/2029 †§x# | Upgrade | 1/25/2024 | 31486 | 31049 | 32234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2655460, 10.000%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 20074 | 19761 | 20168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2655481, 14.660%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 21003 | 20653 | 20899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265557412, 16.990%, 2/01/2029 †§x# | Upgrade | 1/26/2024 | 21056 | 20763 | 21428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2655840, 19.500%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 33403 | 32844 | 33127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2655889, 11.950%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 23252 | 22866 | 23095 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**97** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656144, 16.120%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | $32963 | $32413 | $33212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656198, 15.170%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 27388 | 26957 | 27645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265637248, 16.020%, 1/24/2029 †§x | Upgrade | 1/29/2024 | 27142 | 26770 | 27819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656384, 6.780%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 24222 | 23844 | 24266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265642192, 16.020%, 1/25/2029 †§x | Upgrade | 1/29/2024 | 30472 | 30053 | 31282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656619, 12.210%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 21877 | 21513 | 22078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656622, 15.060%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 24458 | 24075 | 23948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656646, 7.980%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 33293 | 32776 | 33443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656685, 4.260%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 29403 | 28949 | 29364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656772, 19.720%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 38574 | 37928 | 37811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656899, 13.190%, 3/02/2030 †x◇ | Best Egg | 1/23/2025 | 21338 | 20983 | 21552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656937, 19.240%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2656980, 17.400%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 20892 | 20564 | 20454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2657115, 10.170%, 2/23/2028 †x◇ | Best Egg | 1/23/2025 | 33685 | 33157 | 34010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2657177, 18.150%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 21170 | 20813 | 21021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2657235, 13.820%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 33883 | 33353 | 34217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2657282, 15.630%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 26972 | 26522 | 26826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265759457, 16.020%, 1/23/2029 †§x | Upgrade | 1/26/2024 | 27428 | 27053 | 28137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2657607, 17.810%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 21840 | 21474 | 21689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2657951, 14.910%, 3/01/2030 †x#◇ | Best Egg | 1/23/2025 | 30717 | 30201 | 30580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2657964, 14.410%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 41963 | 41263 | 41758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2658238, 13.630%, 1/20/2028 †x◇ | Best Egg | 1/23/2025 | 20166 | 19851 | 20148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2658303, 24.800%, 1/20/2030 †x◇ | Best Egg | 1/23/2025 | 26189 | 25749 | 25646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265844084, 16.020%, 2/07/2029 †§x | Upgrade | 1/29/2024 | 22376 | 22068 | 22781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2658482, 13.970%, 3/20/2028 †x | Best Egg | 1/23/2025 | 37789 | 37192 | 38240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265864137, 16.570%, 1/23/2028 †§x | Upgrade | 1/26/2024 | 25264 | 24974 | 25619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2658685, 16.110%, 1/21/2030 †x◇ | Best Egg | 1/24/2025 | 40003 | 39332 | 39723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265890356, 16.990%, 1/24/2029 †§x | Upgrade | 1/29/2024 | 27304 | 26927 | 28021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2658950, 19.750%, 1/21/2030 †x◇ | Best Egg | 1/24/2025 | 20575 | 20231 | 20427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2658985, 21.810%, 1/21/2028 †x#◇ | Best Egg | 1/24/2025 | 21004 | 20668 | 20829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2659007, 13.940%, 5/21/2030 †x# | Best Egg | 1/24/2025 | 42017 | 41312 | 41762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265916883, 16.990%, 1/24/2029 †§x# | Upgrade | 1/29/2024 | 23220 | 22899 | 23865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265917865, 16.990%, 1/25/2029 †§x# | Upgrade | 1/29/2024 | 27872 | 27487 | 28689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2659266, 8.720%, 1/21/2029 †x◇ | Best Egg | 1/24/2025 | 20272 | 19942 | 20469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265926715, 16.990%, 1/24/2029 †§x | Upgrade | 1/29/2024 | 24574 | 24234 | 25219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265965397, 16.020%, 1/25/2029 †§x | Upgrade | 1/29/2024 | 23026 | 22711 | 23638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265966082, 16.990%, 1/25/2029 †§x | Upgrade | 1/29/2024 | 21482 | 21185 | 22047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265976186, 17.470%, 1/24/2029 †§x | Upgrade | 1/29/2024 | 27410 | 27030 | 28126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2659792, 22.130%, 1/21/2030 †x#◇ | Best Egg | 1/24/2025 | 34566 | 33985 | 33340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265983154, 16.020%, 1/15/2029 †§x# | Upgrade | 1/29/2024 | 33148 | 32691 | 34019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 265989485, 16.990%, 1/24/2029 †§x | Upgrade | 1/29/2024 | 30717 | 30293 | 31524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2660160, 16.230%, 1/22/2030 †x◇ | Best Egg | 1/27/2025 | 26579 | 26135 | 26391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2660213, 14.080%, 1/22/2029 †x#◇ | Best Egg | 1/27/2025 | 20854 | 20512 | 20958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2660435, 21.910%, 1/22/2030 †x◇ | Best Egg | 1/27/2025 | 23228 | 22838 | 22933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2660618, 15.150%, 1/22/2030 †x◇ | Best Egg | 1/27/2025 | 20806 | 20459 | 20705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2660622, 14.170%, 1/22/2030 †x◇ | Best Egg | 1/27/2025 | 41921 | 41222 | 42282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2660769, 16.770%, 1/22/2029 †x#◇ | Best Egg | 1/27/2025 | 26829 | 26387 | 26754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2661007, 25.650%, 5/22/2028 †x# | Best Egg | 1/27/2025 | 28676 | 28209 | 28282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 266120001, 16.990%, 1/25/2029 †§x# | Upgrade | 1/29/2024 | 21491 | 21194 | 22100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2661260, 19.500%, 1/22/2030 †x◇ | Best Egg | 1/27/2025 | 41968 | 41265 | 41675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2661396, 16.900%, 1/22/2028 †x◇ | Best Egg | 1/27/2025 | 24319 | 23937 | 24567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 266172550, 16.020%, 1/25/2029 †§x | Upgrade | 1/29/2024 | 25891 | 25536 | 26579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 266174391, 16.990%, 1/25/2029 †§x | Upgrade | 1/29/2024 | 26724 | 26355 | 27428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663172, 18.730%, 1/23/2030 †x◇ | Best Egg | 1/27/2025 | 42699 | 41984 | 42207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663403, 20.910%, 1/23/2030 †x◇ | Best Egg | 1/27/2025 | 34441 | 33863 | 33226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663406, 21.730%, 1/23/2030 †x◇ | Best Egg | 1/27/2025 | 43180 | 42455 | 42336 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**98** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663438, 14.180%, 1/23/2030 †x◇ | Best Egg | 1/27/2025 | $27630 | $27169 | $27480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663448, 16.420%, 1/23/2030 †x◇ | Best Egg | 1/27/2025 | 24628 | 24216 | 24820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663460, 10.790%, 1/23/2030 †x◇ | Best Egg | 1/27/2025 | 27399 | 26944 | 27226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663928, 11.790%, 1/23/2030 †x◇ | Best Egg | 1/27/2025 | 20747 | 20401 | 20612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2663982, 26.380%, 6/23/2030 †x# | Best Egg | 1/27/2025 | 24693 | 24271 | 23955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2664315, 13.920%, 3/01/2028 †x◇ | Best Egg | 1/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2664336, 14.660%, 3/18/2030 †x◇ | Best Egg | 1/29/2025 | 42318 | 41610 | 42633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2664691, 5.410%, 3/01/2030 †x◇ | Best Egg | 1/29/2025 | 27938 | 27476 | 27601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2664913, 18.730%, 3/01/2030 †x◇ | Best Egg | 1/29/2025 | 30342 | 29833 | 29525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2665116, 30.480%, 3/01/2030 †x◇ | Best Egg | 1/29/2025 | 36190 | 35578 | 34679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2665310, 24.470%, 3/01/2030 †x◇ | Best Egg | 1/29/2025 | 44378 | 43630 | 43310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2666285, 14.660%, 2/01/2030 †x◇ | Best Egg | 1/30/2025 | 32167 | 31624 | 32377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2666356, 10.800%, 3/01/2030 †x◇ | Best Egg | 1/30/2025 | 26530 | 26089 | 26336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2666687, 17.800%, 3/01/2030 †x◇ | Best Egg | 1/30/2025 | 32904 | 32353 | 32147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667041, 13.280%, 3/01/2030 †x#◇ | Best Egg | 1/30/2025 | 32603 | 32058 | 32366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667101, 9.330%, 3/05/2030 †x◇ | Best Egg | 1/30/2025 | 22612 | 22236 | 22451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667137, 14.000%, 2/01/2030 †x#◇ | Best Egg | 1/30/2025 | 23996 | 23595 | 23799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667179, 5.900%, 1/02/2030 †x | Best Egg | 1/30/2025 | 44375 | 43638 | 35104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667384, 12.230%, 2/01/2030 †x◇ | Best Egg | 1/30/2025 | 32968 | 32419 | 33213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667409, 21.910%, 3/01/2030 †x◇ | Best Egg | 1/30/2025 | 42631 | 41914 | 42194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667880, 18.050%, 3/01/2030 †x◇ | Best Egg | 1/31/2025 | 34921 | 34336 | 34659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667886, 20.460%, 3/01/2030 †x◇ | Best Egg | 1/31/2025 | 22718 | 22337 | 22353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2667949, 20.690%, 3/16/2030 †x◇ | Best Egg | 1/31/2025 | 22056 | 21684 | 21207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668009, 17.080%, 3/20/2030 †x◇ | Best Egg | 1/31/2025 | 38865 | 38214 | 38554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668278, 18.280%, 3/01/2030 †x◇ | Best Egg | 1/31/2025 | 43344 | 42617 | 42349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668308, 20.720%, 4/01/2030 †x# | Best Egg | 1/31/2025 | 27268 | 26807 | 26223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668399, 14.450%, 6/01/2029 †x# | Best Egg | 1/31/2025 | 45521 | 44770 | 46215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668455, 14.660%, 3/01/2030 †x◇ | Best Egg | 1/31/2025 | 21372 | 21015 | 21534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668553, 19.690%, 3/01/2030 †x◇ | Best Egg | 1/31/2025 | 23785 | 23386 | 23407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668554, 10.250%, 3/01/2028 †x◇ | Best Egg | 1/31/2025 | 34343 | 33802 | 34497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2668956, 25.280%, 3/01/2030 †x◇ | Best Egg | 1/31/2025 | 26652 | 26200 | 25928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669004, 13.200%, 3/01/2030 †x◇ | Best Egg | 1/31/2025 | 22601 | 22224 | 22597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669592, 10.300%, 2/01/2028 †x#◇ | Best Egg | 2/03/2025 | 30294 | 29820 | 30547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669638, 15.380%, 4/01/2030 †x# | Best Egg | 2/03/2025 | 29406 | 28913 | 29243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669792, 25.700%, 3/01/2030 †x◇ | Best Egg | 2/03/2025 | 26656 | 26207 | 26022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669861, 12.910%, 2/01/2029 †x◇ | Best Egg | 2/03/2025 | 28949 | 28474 | 28797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669911, 19.310%, 3/01/2029 †x◇ | Best Egg | 2/03/2025 | 22076 | 21713 | 21975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669917, 13.970%, 3/01/2028 †x◇ | Best Egg | 2/03/2025 | 24874 | 24483 | 25106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669969, 18.530%, 3/01/2030 †x◇ | Best Egg | 2/03/2025 | 22374 | 21999 | 22184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2669990, 5.840%, 3/01/2030 †x◇ | Best Egg | 2/03/2025 | 25983 | 25553 | 25958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670049, 18.250%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 22720 | 22336 | 22540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670144, 11.270%, 2/01/2030 †x#◇ | Best Egg | 2/03/2025 | 23282 | 22894 | 23138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670151, 19.890%, 3/18/2028 †x◇ | Best Egg | 2/03/2025 | 32578 | 32057 | 31788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670200, 5.400%, 3/15/2030 †x◇ | Best Egg | 2/03/2025 | 20530 | 20191 | 20286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670250, 10.790%, 3/01/2028 †x◇ | Best Egg | 2/03/2025 | 24999 | 24607 | 25055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670505, 17.560%, 3/05/2030 †x◇ | Best Egg | 2/03/2025 | 31551 | 31022 | 31284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670527, 19.950%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 23949 | 23548 | 23401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670710, 11.950%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 26188 | 25752 | 25997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670743, 13.970%, 2/01/2028 †x◇ | Best Egg | 2/03/2025 | 34174 | 33638 | 34493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670821, 8.960%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 20855 | 20509 | 20711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670954, 16.920%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 43068 | 42348 | 42684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670976, 15.370%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 42816 | 42101 | 42489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670991, 15.140%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 23100 | 22715 | 22904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2670992, 27.130%, 3/01/2030 †x◇ | Best Egg | 2/03/2025 | 22294 | 21912 | 21448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671251, 9.330%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 41777 | 41084 | 41486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671328, 30.190%, 4/18/2030 †x◇ | Best Egg | 2/03/2025 | 36718 | 36096 | 35255 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**99** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671348, 16.360%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | $32233 | $31695 | $31758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671415, 18.510%, 3/01/2030 †x | Best Egg | 2/03/2025 | 24547 | 24135 | 24232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671436, 18.940%, 2/01/2029 †x◇ | Best Egg | 2/03/2025 | 30374 | 29875 | 29285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671590, 7.620%, 2/01/2030 †x◇ | Best Egg | 2/03/2025 | 35475 | 34888 | 35236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671762, 14.660%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2671856, 10.790%, 2/02/2028 †x◇ | Best Egg | 2/05/2025 | 25947 | 25532 | 26017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672205, 14.660%, 4/02/2030 †x◇ | Best Egg | 2/05/2025 | 41838 | 41121 | 41539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672280, 14.180%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 21296 | 20931 | 21139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672709, 19.240%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 43372 | 42628 | 43004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672727, 9.230%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 40940 | 40244 | 40439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672734, 9.940%, 3/21/2028 †x◇ | Best Egg | 2/05/2025 | 33589 | 33050 | 33678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672780, 17.000%, 2/02/2029 †x#◇ | Best Egg | 2/05/2025 | 28301 | 27823 | 28601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672804, 23.780%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 35225 | 34619 | 33890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672892, 22.640%, 3/02/2030 †x# | Best Egg | 2/05/2025 | 34991 | 34399 | 34106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672920, 13.450%, 1/02/2030 †x◇ | Best Egg | 2/05/2025 | 23866 | 23457 | 23704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2672976, 13.420%, 12/02/2029 †x#◇ | Best Egg | 2/05/2025 | 26013 | 25582 | 26172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2673045, 6.710%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 20639 | 20290 | 20606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2673048, 16.810%, 3/15/2030 †x◇ | Best Egg | 2/05/2025 | 33125 | 32553 | 32843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2673474, 19.690%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 34751 | 34156 | 33360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2673495, 17.880%, 2/02/2028 †x◇ | Best Egg | 2/05/2025 | 24801 | 24402 | 24219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2673666, 17.080%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 34432 | 33843 | 34186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2673709, 13.200%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 36051 | 35436 | 36040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2673770, 18.250%, 2/02/2030 †x◇ | Best Egg | 2/05/2025 | 29611 | 29104 | 29367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674077, 6.090%, 2/02/2028 †x◇ | Best Egg | 2/05/2025 | 34322 | 33776 | 34261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674419, 0.000%, 2/03/2030 †x◇ | Best Egg | 2/06/2025 | 33789 | 33203 | 26993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674468, 18.990%, 2/03/2030 †x◇ | Best Egg | 2/06/2025 | 31907 | 31355 | 31612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674682, 8.570%, 2/03/2029 †x◇ | Best Egg | 2/06/2025 | 24522 | 24115 | 24386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674779, 12.730%, 2/03/2030 †x◇ | Best Egg | 2/06/2025 | 41409 | 40704 | 41124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674804, 16.100%, 3/03/2030 †x | Best Egg | 2/06/2025 | 22133 | 21765 | 21855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674810, 6.560%, 4/20/2030 †x◇ | Best Egg | 2/06/2025 | 30904 | 30379 | 30556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674906, 16.120%, 2/03/2030 †x◇ | Best Egg | 2/06/2025 | 38599 | 37939 | 38266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2674992, 12.970%, 2/03/2030 †x◇ | Best Egg | 2/06/2025 | 42374 | 41652 | 42123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675007, 16.530%, 2/03/2028 †x◇ | Best Egg | 2/06/2025 | 35942 | 35364 | 35837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675028, 8.160%, 2/03/2029 †x#◇ | Best Egg | 2/06/2025 | 37644 | 37018 | 37931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675067, 12.230%, 3/06/2030 †x◇ | Best Egg | 2/06/2025 | 42293 | 41571 | 42670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675176, 13.100%, 2/03/2029 †x◇ | Best Egg | 2/06/2025 | 29634 | 29139 | 29512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675582, 14.170%, 2/03/2030 †x◇ | Best Egg | 2/06/2025 | 42573 | 41847 | 42901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675621, 16.360%, 2/03/2030 †x◇ | Best Egg | 2/06/2025 | 25756 | 25315 | 25390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675954, 15.150%, 2/04/2030 †x#◇ | Best Egg | 2/07/2025 | 23493 | 23090 | 23668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2675966, 4.610%, 2/04/2028 †x◇ | Best Egg | 2/07/2025 | 34084 | 33543 | 34267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2676281, 6.280%, 3/26/2028 †x◇ | Best Egg | 2/07/2025 | 25511 | 25103 | 25757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2676408, 20.170%, 2/04/2030 †x◇ | Best Egg | 2/07/2025 | 26107 | 25659 | 25716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2676421, 14.060%, 2/04/2029 †x◇ | Best Egg | 2/07/2025 | 20958 | 20608 | 21016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2676615, 15.150%, 2/04/2030 †x#◇ | Best Egg | 2/07/2025 | 42681 | 41950 | 42658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2676660, 13.690%, 2/04/2030 †x◇ | Best Egg | 2/07/2025 | 62167 | 61107 | 61403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2676970, 19.240%, 2/04/2028 †x◇ | Best Egg | 2/07/2025 | 32947 | 32414 | 32029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677078, 19.030%, 2/04/2030 †x◇ | Best Egg | 2/07/2025 | 36881 | 36249 | 36070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677098, 12.130%, 3/10/2029 †x◇ | Best Egg | 2/07/2025 | 38949 | 38295 | 39214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677122, 12.210%, 3/13/2030 †x◇ | Best Egg | 2/07/2025 | 41601 | 40892 | 41385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677150, 19.690%, 3/26/2030 †x#◇ | Best Egg | 2/07/2025 | 23246 | 22842 | 21622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677271, 14.970%, 2/04/2030 †x◇ | Best Egg | 2/07/2025 | 21230 | 20868 | 21055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677560, 14.950%, 4/05/2028 †x◇ | Best Egg | 2/10/2025 | 25129 | 24719 | 25389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677634, 27.490%, 2/05/2029 †x◇ | Best Egg | 2/10/2025 | 25190 | 24764 | 24581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2677862, 19.500%, 2/05/2030 †x◇ | Best Egg | 2/10/2025 | 34729 | 34134 | 34412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2678256, 16.110%, 2/05/2030 †x◇ | Best Egg | 2/10/2025 | 35167 | 34566 | 34905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2678413, 5.000%, 3/05/2030 †x◇ | Best Egg | 2/10/2025 | 37445 | 36812 | 33512 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**100** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2678468, 5.410%, 2/05/2030 †x◇ | Best Egg | 2/10/2025 | $41039 | $40346 | $40556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2678619, 11.760%, 2/05/2030 †x◇ | Best Egg | 2/10/2025 | 28015 | 27538 | 28025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2678998, 7.310%, 2/06/2030 †x◇ | Best Egg | 2/10/2025 | 23177 | 22785 | 22904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679040, 17.080%, 2/06/2030 †x◇ | Best Egg | 2/10/2025 | 26297 | 25844 | 26099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679247, 12.440%, 3/26/2030 †x#◇ | Best Egg | 2/10/2025 | 23220 | 22822 | 23433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679315, 27.330%, 6/06/2030 †x# | Best Egg | 2/10/2025 | 24387 | 23958 | 23669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679430, 19.520%, 2/06/2030 †x◇ | Best Egg | 2/10/2025 | 20839 | 20482 | 20313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679718, 19.720%, 2/06/2030 †x◇ | Best Egg | 2/10/2025 | 26066 | 25620 | 25501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679742, 12.700%, 2/06/2030 †x◇ | Best Egg | 2/10/2025 | 44552 | 43793 | 44433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679915, 12.140%, 2/06/2028 †x#◇ | Best Egg | 2/10/2025 | 21149 | 20810 | 21375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679922, 22.290%, 3/15/2028 †x◇ | Best Egg | 2/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679960, 9.310%, 2/06/2030 †x◇ | Best Egg | 2/10/2025 | 22960 | 22570 | 23188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2679985, 12.460%, 2/06/2030 †x◇ | Best Egg | 2/10/2025 | 42288 | 41568 | 42656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2680205, 7.630%, 2/09/2029 †x◇ | Best Egg | 2/12/2025 | 23323 | 22936 | 23205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2680328, 10.250%, 2/09/2028 †x◇ | Best Egg | 2/12/2025 | 27981 | 27533 | 28116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2680340, 20.460%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 27160 | 26694 | 26949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2680525, 25.280%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 32342 | 31785 | 31853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2680873, 16.110%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 36995 | 36361 | 36730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2681231, 13.930%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 31243 | 30711 | 31046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2681279, 14.900%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 42692 | 41963 | 42455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2681281, 12.700%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 42329 | 41608 | 42118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2681778, 15.150%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 23075 | 22681 | 23075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2681867, 6.090%, 2/09/2028 †x◇ | Best Egg | 2/12/2025 | 33635 | 33100 | 33584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2682148, 14.650%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 40442 | 39743 | 40172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2682308, 18.300%, 2/09/2030 †x◇ | Best Egg | 2/12/2025 | 41719 | 41004 | 41444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 268934205, 15.390%, 2/28/2027 †§x | Upgrade | 3/04/2024 | 21097 | 20929 | 20739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269259308, 16.990%, 3/04/2029 †§x | Upgrade | 3/07/2024 | 24952 | 24601 | 25356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269414703, 16.990%, 2/22/2029 †§x | Upgrade | 2/26/2024 | 22914 | 22591 | 23467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269442608, 16.020%, 2/22/2029 †x# | Upgrade | 2/26/2024 | 34406 | 33934 | 28227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269557728, 17.580%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 21000 | 20701 | 21220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269590758, 16.980%, 2/27/2029 †§x | Upgrade | 3/01/2024 | 27886 | 27492 | 28340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269608712, 16.020%, 2/26/2029 †§x | Upgrade | 2/29/2024 | 27679 | 27291 | 28378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269648343, 16.570%, 2/26/2028 †§x | Upgrade | 2/29/2024 | 22397 | 22130 | 22716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696559, 5.840%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 20559 | 20212 | 20565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696619, 13.850%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 20611 | 20279 | 20842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696663, 17.850%, 2/23/2029 †x◇ | Best Egg | 2/26/2025 | 24337 | 23928 | 24277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696715, 10.250%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 32285 | 31768 | 32467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696731, 13.200%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 41564 | 40855 | 41643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696736, 11.150%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 22477 | 22116 | 22582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696794, 17.970%, 2/23/2029 †x◇ | Best Egg | 2/26/2025 | 21583 | 21220 | 21607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696902, 20.460%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 21341 | 20975 | 21219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2696924, 11.000%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 21020 | 20662 | 21257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697152, 14.900%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 20408 | 20055 | 20600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697157, 18.760%, 3/23/2030 †x# | Best Egg | 2/26/2025 | 35338 | 34726 | 34714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697184, 12.750%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 33305 | 32770 | 33259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269720501, 16.990%, 2/26/2029 †x | Upgrade | 2/29/2024 | 35918 | 35416 | 36003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697266, 6.280%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 41200 | 40503 | 40773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697321, 15.150%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 21366 | 21001 | 21289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269734533, 16.990%, 3/01/2029 †§x | Upgrade | 3/04/2024 | 21387 | 21087 | 21717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697400, 21.650%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 23634 | 23228 | 23200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697415, 22.830%, 6/23/2030 †x# | Best Egg | 2/26/2025 | 36552 | 35917 | 35475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697432, 10.650%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 30254 | 29769 | 30620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697448, 26.450%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 26636 | 26176 | 25888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697460, 14.420%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 25467 | 25032 | 25229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697487, 12.140%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 21164 | 20824 | 21411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697493, 16.120%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 23827 | 23419 | 24040 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**101** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697679, 23.090%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35147 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34542 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697726, 12.970%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 32063 | 31516 | 31966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697789, 18.730%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 34895 | 34297 | 34708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697837, 14.170%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 20378 | 20030 | 20583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697856, 16.580%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 25776 | 25335 | 25523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697857, 6.930%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 37187 | 36557 | 37187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269786854, 16.990%, 3/10/2029 †x# | Upgrade | 2/29/2024 | 36520 | 35790 | 29012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697894, 16.830%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 33395 | 32819 | 33227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697901, 11.760%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 27238 | 26774 | 27537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697941, 9.050%, 3/26/2030 †x◇ | Best Egg | 2/26/2025 | 37559 | 36920 | 37180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269795696, 15.990%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 34591 | 34105 | 34663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697957, 10.020%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 41874 | 41160 | 41649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2697965, 5.000%, 3/23/2029 †x◇ | Best Egg | 2/26/2025 | 38272 | 37637 | 35108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698037, 4.610%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 34084 | 33542 | 34210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698040, 7.390%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 30971 | 30446 | 30647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698054, 15.140%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 32571 | 32014 | 32376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698072, 26.860%, 2/23/2030 †x#◇ | Best Egg | 2/26/2025 | 24621 | 24194 | 23919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698106, 7.620%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 41444 | 40741 | 41234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698124, 12.240%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 50034 | 49181 | 49751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698185, 11.950%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 24899 | 24475 | 24759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698193, 15.390%, 6/23/2030 †x# | Best Egg | 2/26/2025 | 47682 | 46861 | 47829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698276, 13.220%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 30319 | 29831 | 30204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698292, 21.910%, 2/25/2030 †x◇ | Best Egg | 2/26/2025 | 29217 | 28709 | 28898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698296, 18.640%, 2/23/2029 †x | Best Egg | 2/26/2025 | 23952 | 23546 | 23878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698303, 25.760%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 39057 | 38384 | 38787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269834717, 16.020%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 27666 | 27278 | 28215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698356, 18.050%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 43190 | 42450 | 42960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698361, 22.560%, 3/23/2030 †x | Best Egg | 2/26/2025 | 27237 | 26768 | 26973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698410, 19.440%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 34557 | 33997 | 33684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698417, 6.580%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 22099 | 21747 | 22076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698491, 15.630%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 29776 | 29267 | 30056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698536, 12.210%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 42289 | 41567 | 42139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698569, 13.200%, 2/23/2030 †x#◇ | Best Egg | 2/26/2025 | 28548 | 28058 | 28836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698589, 11.250%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 24096 | 23684 | 23850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698632, 11.950%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 22977 | 22585 | 22848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698643, 15.150%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 28118 | 27638 | 27815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698657, 14.890%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 42690 | 41961 | 42501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698659, 13.190%, 4/23/2030 †x# | Best Egg | 2/26/2025 | 37671 | 37027 | 37613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698706, 13.970%, 2/23/2028 †x◇ | Best Egg | 2/26/2025 | 29343 | 28871 | 29704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698722, 16.120%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 40743 | 40046 | 40506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698734, 20.940%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 43631 | 42881 | 43331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698758, 18.730%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 25977 | 25531 | 25837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269878261, 13.250%, 2/29/2028 †§x | Upgrade | 3/04/2024 | 24515 | 24238 | 24642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698800, 16.120%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 25671 | 25232 | 25421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698856, 15.980%, 2/23/2029 †x◇ | Best Egg | 2/26/2025 | 24159 | 23754 | 24274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269889653, 16.020%, 2/27/2029 †§x | Upgrade | 3/01/2024 | 25603 | 25244 | 26385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698899, 13.450%, 4/23/2030 †x | Best Egg | 2/26/2025 | 38806 | 38142 | 38788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698911, 16.600%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 25868 | 25425 | 25739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2698955, 15.630%, 2/23/2030 †x◇ | Best Egg | 2/26/2025 | 42810 | 42077 | 43217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699033, 5.840%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 24231 | 23821 | 24116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699045, 15.630%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 30375 | 29862 | 30666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269908913, 16.990%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 34163 | 33679 | 34842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699091, 10.530%, 2/24/2028 †x◇ | Best Egg | 2/27/2025 | 28707 | 28247 | 28849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269910338, 16.020%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 27666 | 27278 | 28215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699258, 13.190%, 4/24/2030 †x# | Best Egg | 2/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699259, 17.560%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 31521 | 30981 | 31362 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**102** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699346, 10.520%, 2/24/2028 †x◇ | Best Egg | 2/27/2025 | $24069 | $23683 | $24202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699360, 20.810%, 2/24/2028 †x◇ | Best Egg | 2/27/2025 | 20483 | 20150 | 20067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699474, 8.070%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 40694 | 40004 | 40490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699507, 14.410%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 30439 | 29914 | 30339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699548, 13.580%, 4/24/2029 †x | Best Egg | 2/27/2025 | 25684 | 25250 | 26122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699570, 16.610%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 24213 | 23795 | 23966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699572, 16.050%, 2/24/2028 †x◇ | Best Egg | 2/27/2025 | 23674 | 23292 | 23678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699586, 20.650%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 28328 | 27841 | 28027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699687, 11.530%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 29491 | 28989 | 29418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699698, 9.330%, 2/26/2030 †x#◇ | Best Egg | 2/27/2025 | 26948 | 26489 | 26819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699737, 15.170%, 2/24/2028 †x◇ | Best Egg | 2/27/2025 | 28589 | 28128 | 28006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699754, 24.260%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 38342 | 37680 | 36603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699799, 8.900%, 2/24/2028 †x◇ | Best Egg | 2/27/2025 | 34768 | 34211 | 34949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2699900, 15.140%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 42727 | 41996 | 42494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 269992187, 16.020%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 20552 | 20263 | 20893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270002083, 16.570%, 2/28/2028 †§x | Upgrade | 3/04/2024 | 29083 | 28735 | 29348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700052, 31.070%, 2/24/2030 †x#◇ | Best Egg | 2/27/2025 | 24082 | 23656 | 23261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700053, 16.100%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 42885 | 42151 | 42641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700063, 13.280%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 42426 | 41702 | 42255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700168, 13.930%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 24178 | 23765 | 24102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700191, 6.500%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 40416 | 39731 | 39999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700218, 23.090%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 32951 | 32383 | 31725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700224, 18.250%, 4/24/2030 †x | Best Egg | 2/27/2025 | 42671 | 41937 | 42563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700272, 13.690%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 26960 | 26499 | 26674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270030078, 25.200%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 29566 | 29117 | 30686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700316, 5.400%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 34924 | 34332 | 34566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700318, 21.200%, 4/24/2030 †x# | Best Egg | 2/27/2025 | 23213 | 22813 | 22782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270033905, 25.200%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 20687 | 20374 | 21566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270037561, 25.200%, 2/28/2029 †x# | Upgrade | 3/04/2024 | 27830 | 27405 | 25167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270040402, 28.520%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 30193 | 29725 | 30461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700414, 31.070%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 26987 | 26520 | 25857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700441, 13.200%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 24599 | 24179 | 24648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700476, 14.180%, 2/24/2030 †x◇ | Best Egg | 2/27/2025 | 28951 | 28456 | 28799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270050396, 16.990%, 3/05/2029 †§x | Upgrade | 3/08/2024 | 23422 | 22954 | 23817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700530, 15.150%, 2/25/2030 †x#◇ | Best Egg | 2/28/2025 | 31430 | 30889 | 31740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270058454, 16.990%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 21615 | 21309 | 21970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700655, 20.200%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 21758 | 21384 | 20951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700669, 11.150%, 2/25/2028 †x#◇ | Best Egg | 2/28/2025 | 28532 | 28074 | 28672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700785, 24.530%, 2/25/2030 †x#◇ | Best Egg | 2/28/2025 | 38166 | 37508 | 36760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700944, 8.160%, 2/25/2029 †x◇ | Best Egg | 2/28/2025 | 28834 | 28354 | 29146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700959, 20.940%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 26175 | 25725 | 26029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700964, 20.200%, 2/25/2030 †x#◇ | Best Egg | 2/28/2025 | 42970 | 42221 | 42727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700976, 13.930%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 40407 | 39716 | 40286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700996, 16.100%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 22372 | 21989 | 22249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701009, 8.970%, 2/25/2028 †x◇ | Best Egg | 2/28/2025 | 19998 | 19678 | 20231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270101114, 16.990%, 2/28/2029 †§x | Upgrade | 3/04/2024 | 27872 | 27476 | 28420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701024, 14.730%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 38887 | 38222 | 38762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701036, 12.230%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 34637 | 34047 | 35019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701058, 21.170%, 2/25/2028 †x#◇ | Best Egg | 2/28/2025 | 27644 | 27201 | 27126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701061, 19.500%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 26798 | 26338 | 27022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701107, 16.900%, 2/25/2028 †x#◇ | Best Egg | 2/28/2025 | 28798 | 28333 | 29104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701121, 7.390%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 20701 | 20350 | 20601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701160, 14.900%, 2/25/2030 †x#◇ | Best Egg | 2/28/2025 | 42692 | 41962 | 42764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701185, 14.180%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 32042 | 31494 | 31859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701186, 16.810%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701402, 12.000%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 20937 | 20580 | 20987 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**103** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701417, 16.330%, 2/25/2030 †x#◇ | Best Egg | 2/28/2025 | $40775 | $40077 | $40628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701434, 16.110%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 30020 | 29506 | 30308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701464, 14.890%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 32656 | 32097 | 32520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701551, 31.070%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 36046 | 35401 | 34385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701557, 13.690%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 42494 | 41768 | 42330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701604, 12.490%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 23261 | 22865 | 23176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701694, 11.950%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 25321 | 24890 | 25604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701730, 11.530%, 4/13/2030 †x#◇ | Best Egg | 2/28/2025 | 39084 | 38415 | 39030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701740, 5.840%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 31161 | 30633 | 30843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701774, 17.290%, 2/25/2030 †x#◇ | Best Egg | 2/28/2025 | 51157 | 50280 | 50959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701786, 16.110%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 34309 | 33722 | 34156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270181151, 16.990%, 2/28/2029 †§x# | Upgrade | 3/04/2024 | 31154 | 30710 | 31658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701825, 11.580%, 2/25/2029 †x◇ | Best Egg | 2/28/2025 | 29937 | 29433 | 29808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2701871, 21.170%, 2/25/2030 †x◇ | Best Egg | 2/28/2025 | 26195 | 25744 | 25226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702078, 6.130%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 35104 | 34509 | 34689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702081, 16.520%, 4/01/2028 †x◇ | Best Egg | 3/03/2025 | 34144 | 33590 | 33812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702202, 11.950%, 3/01/2030 †x◇ | Best Egg | 3/03/2025 | 41754 | 41041 | 41433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702229, 19.500%, 5/21/2030 †x◇ | Best Egg | 3/03/2025 | 44774 | 44001 | 43615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702237, 13.690%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 43272 | 42532 | 42966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702318, 17.540%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 26329 | 25877 | 26117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702324, 13.040%, 3/01/2030 †x◇ | Best Egg | 3/03/2025 | 25794 | 25353 | 25798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702374, 8.070%, 4/01/2030 †x#◇ | Best Egg | 3/03/2025 | 36391 | 35772 | 36147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702393, 20.690%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 37702 | 37053 | 36686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702399, 18.660%, 4/01/2028 †x◇ | Best Egg | 3/03/2025 | 22599 | 22232 | 22025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702490, 6.500%, 4/10/2030 †x◇ | Best Egg | 3/03/2025 | 37914 | 37271 | 37465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702497, 18.390%, 7/26/2028 †x# | Best Egg | 3/03/2025 | 41216 | 40533 | 41137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702536, 10.810%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 26982 | 26522 | 26791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702787, 12.130%, 4/03/2029 †x◇ | Best Egg | 3/03/2025 | 40685 | 40004 | 40820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702827, 11.050%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 23559 | 23157 | 23431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702855, 7.230%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 22757 | 22370 | 22486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270289569, 16.990%, 3/04/2029 †§x | Upgrade | 3/07/2024 | 23740 | 23406 | 24125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702932, 13.450%, 4/01/2030 †x#◇ | Best Egg | 3/03/2025 | 25844 | 25400 | 25672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2702989, 8.160%, 4/15/2029 †x◇ | Best Egg | 3/03/2025 | 40142 | 39471 | 40445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703022, 27.010%, 5/23/2029 †x◇ | Best Egg | 3/03/2025 | 21943 | 21559 | 21608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703028, 24.470%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 22446 | 22059 | 21450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703153, 18.460%, 4/01/2029 †x◇ | Best Egg | 3/03/2025 | 41660 | 40958 | 40079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703207, 10.020%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 27082 | 26621 | 26755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703238, 11.270%, 4/01/2029 †x◇ | Best Egg | 3/03/2025 | 32405 | 31863 | 32805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703281, 21.770%, 4/01/2028 †x◇ | Best Egg | 3/03/2025 | 30503 | 30006 | 29968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703368, 12.910%, 4/01/2029 †x◇ | Best Egg | 3/03/2025 | 22019 | 21650 | 21885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703467, 7.390%, 4/08/2030 †x◇ | Best Egg | 3/03/2025 | 29533 | 29032 | 29183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703558, 11.840%, 4/01/2029 †x◇ | Best Egg | 3/03/2025 | 29220 | 28731 | 29575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703566, 19.010%, 5/01/2030 †x# | Best Egg | 3/03/2025 | 36576 | 35944 | 36472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703568, 14.080%, 4/25/2028 †x#◇ | Best Egg | 3/03/2025 | 28024 | 27568 | 27648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703671, 14.180%, 6/01/2030 †x◇ | Best Egg | 3/03/2025 | 28906 | 28411 | 28776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703786, 16.030%, 4/01/2028 †x◇ | Best Egg | 3/03/2025 | 24208 | 23816 | 23596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703794, 5.940%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 36068 | 35456 | 35839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703802, 19.210%, 4/17/2030 †x◇ | Best Egg | 3/03/2025 | 28866 | 28371 | 28421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703827, 8.830%, 4/01/2028 †x◇ | Best Egg | 3/03/2025 | 32522 | 31999 | 32461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703850, 14.660%, 3/01/2030 †x◇ | Best Egg | 3/03/2025 | 24199 | 23784 | 24007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703862, 18.810%, 7/01/2030 †x# | Best Egg | 3/03/2025 | 32164 | 31610 | 32228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703883, 26.450%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 31581 | 31036 | 30187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703906, 13.690%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 38953 | 38287 | 38476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703920, 16.830%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 43745 | 42995 | 43090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703934, 12.730%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704037, 7.390%, 4/01/2030 †x# | Best Egg | 3/03/2025 | 21591 | 21224 | 21345 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**104** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704132, 18.990%, 4/01/2030 †x#◇ | Best Egg | 3/03/2025 | $41379 | $40664 | $40424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704135, 22.830%, 3/01/2030 †x◇ | Best Egg | 3/03/2025 | 29386 | 28880 | 28689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704171, 13.200%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 20665 | 20312 | 20669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704176, 9.990%, 2/01/2030 †x#◇ | Best Egg | 3/03/2025 | 31347 | 30813 | 31341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270426131, 16.570%, 3/07/2028 †§x | Upgrade | 3/11/2024 | 26527 | 26216 | 26708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704279, 18.990%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 22036 | 21657 | 21530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704372, 13.160%, 4/05/2030 †x◇ | Best Egg | 3/03/2025 | 33174 | 32607 | 33102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704467, 15.150%, 5/01/2030 †x | Best Egg | 3/03/2025 | 43188 | 42448 | 43319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704584, 21.200%, 5/01/2030 †x | Best Egg | 3/03/2025 | 22197 | 21815 | 21980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704585, 13.210%, 4/01/2030 †x◇ | Best Egg | 3/03/2025 | 27236 | 26768 | 27446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704604, 20.760%, 5/01/2029 †x | Best Egg | 3/03/2025 | 27375 | 26907 | 27680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704656, 13.600%, 3/01/2028 †x#◇ | Best Egg | 3/03/2025 | 24946 | 24543 | 24763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704689, 13.190%, 4/15/2030 †x◇ | Best Egg | 3/03/2025 | 43452 | 42710 | 43196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2704696, 18.990%, 4/15/2030 †x◇ | Best Egg | 3/03/2025 | 43439 | 42688 | 41749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2705050, 20.910%, 4/02/2030 †x | Best Egg | 5/13/2025 | 35428 | 34089 | 32877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2705377, 10.790%, 4/19/2028 †x | Best Egg | 5/13/2025 | 33799 | 32576 | 33884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 270590391, 16.020%, 3/07/2029 †§x | Upgrade | 3/11/2024 | 25479 | 25123 | 25923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2707361, 28.090%, 4/03/2030 †x | Best Egg | 5/13/2025 | 24877 | 23936 | 24024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2709024, 12.950%, 4/04/2030 †x | Best Egg | 5/13/2025 | 22797 | 21935 | 23006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2709751, 14.170%, 4/04/2030 †x | Best Egg | 5/13/2025 | 33762 | 32485 | 34055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2710806, 7.750%, 4/05/2028 †x | Best Egg | 5/13/2025 | 35943 | 34660 | 36291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2711600, 25.900%, 4/05/2029 †x | Best Egg | 5/13/2025 | 29845 | 28732 | 28569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2711709, 22.130%, 5/25/2030 †x# | Best Egg | 5/13/2025 | 45180 | 43421 | 44539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2712659, 20.910%, 4/17/2030 †x | Best Egg | 5/13/2025 | 23193 | 22295 | 22323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2712833, 19.470%, 4/06/2030 †x# | Best Egg | 5/13/2025 | 23954 | 23032 | 23612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2713067, 15.980%, 4/06/2029 †x# | Best Egg | 5/13/2025 | 20351 | 19585 | 20234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2713711, 12.960%, 4/09/2030 †x◇ | Best Egg | 3/12/2025 | 34474 | 33932 | 34515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2713756, 20.940%, 4/09/2030 †x◇ | Best Egg | 3/12/2025 | 26573 | 26152 | 26348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2713896, 14.660%, 4/09/2030 †x◇ | Best Egg | 3/12/2025 | 28596 | 28145 | 28856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2714158, 22.870%, 5/25/2030 †x | Best Egg | 5/13/2025 | 22580 | 21700 | 22275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2714164, 16.110%, 4/09/2030 †x | Best Egg | 5/13/2025 | 34867 | 33541 | 34643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2714570, 18.790%, 4/16/2029 †x◇ | Best Egg | 3/12/2025 | 20916 | 20591 | 20833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2714839, 18.250%, 4/09/2030 †x◇ | Best Egg | 3/12/2025 | 32927 | 32406 | 32731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2714961, 7.260%, 4/09/2028 †x◇ | Best Egg | 3/12/2025 | 22892 | 22553 | 22981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715062, 10.770%, 3/09/2030 †x#◇ | Best Egg | 3/12/2025 | 42651 | 41979 | 42703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715088, 11.610%, 4/09/2028 †x | Best Egg | 5/13/2025 | 27794 | 26796 | 27762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715181, 12.730%, 4/20/2030 †x | Best Egg | 5/13/2025 | 23514 | 22614 | 23384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715256, 16.350%, 4/09/2030 †x | Best Egg | 5/13/2025 | 21810 | 20981 | 21531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715778, 24.320%, 4/09/2030 †x◇ | Best Egg | 3/12/2025 | 22375 | 22019 | 22043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715926, 8.560%, 4/09/2030 †x◇ | Best Egg | 3/12/2025 | 30484 | 30007 | 30305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715981, 6.280%, 3/09/2030 †x#◇ | Best Egg | 3/12/2025 | 21548 | 21211 | 21302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2715986, 19.720%, 4/21/2030 †x◇ | Best Egg | 3/12/2025 | 43271 | 42577 | 42365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2716252, 5.410%, 4/10/2030 †x◇ | Best Egg | 3/13/2025 | 29276 | 28819 | 28957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2716393, 13.200%, 4/10/2030 †x◇ | Best Egg | 3/13/2025 | 25879 | 25471 | 26132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2716657, 14.450%, 4/10/2029 †x◇ | Best Egg | 3/13/2025 | 20480 | 20163 | 20558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2716840, 7.390%, 4/10/2030 †x | Best Egg | 5/13/2025 | 29518 | 28401 | 29600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717085, 11.740%, 3/10/2030 †x◇ | Best Egg | 3/13/2025 | 21458 | 21119 | 21492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717298, 5.980%, 4/10/2028 †x◇ | Best Egg | 3/13/2025 | 71337 | 70283 | 70711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717452, 14.910%, 4/16/2030 †x◇ | Best Egg | 3/13/2025 | 25236 | 24837 | 25465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717609, 10.790%, 4/10/2029 †x◇ | Best Egg | 3/13/2025 | 40378 | 39756 | 40937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717654, 17.810%, 4/10/2030 †x◇ | Best Egg | 3/13/2025 | 29535 | 29068 | 29337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717664, 11.720%, 4/10/2030 †x◇ | Best Egg | 3/13/2025 | 20792 | 20465 | 20858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717853, 7.210%, 3/10/2030 †x# | Best Egg | 5/13/2025 | 42056 | 40465 | 41572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2717950, 5.300%, 4/10/2028 †x◇ | Best Egg | 3/13/2025 | 21337 | 21022 | 21310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2718146, 7.840%, 4/11/2030 †x◇ | Best Egg | 3/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2718267, 15.940%, 4/11/2030 †x | Best Egg | 5/13/2025 | 28312 | 27234 | 27966 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**105** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2718646, 5.840%, 4/15/2030 †x◇ | Best Egg | 3/14/2025 | $22950 | $22591 | $23067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719157, 13.160%, 4/11/2028 †x | Best Egg | 5/13/2025 | 20089 | 19365 | 20065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719254, 9.560%, 4/20/2030 †x◇ | Best Egg | 3/14/2025 | 31374 | 30882 | 31192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719268, 21.810%, 4/11/2028 †x◇ | Best Egg | 3/14/2025 | 28140 | 27718 | 27512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719374, 4.610%, 4/11/2028 †x◇ | Best Egg | 3/14/2025 | 22042 | 21716 | 21848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719576, 4.260%, 4/11/2028 †x#◇ | Best Egg | 3/14/2025 | 28316 | 27898 | 28282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719684, 15.870%, 4/11/2030 †x | Best Egg | 5/13/2025 | 43547 | 41889 | 43015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719878, 9.540%, 4/12/2028 †x◇ | Best Egg | 3/17/2025 | 35080 | 34559 | 35181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2719989, 21.910%, 4/12/2030 †x | Best Egg | 3/17/2025 | 22929 | 22565 | 22113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2720574, 13.580%, 4/12/2029 †x◇ | Best Egg | 3/17/2025 | 36741 | 36173 | 36565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2720605, 6.060%, 3/12/2030 †x◇ | Best Egg | 3/17/2025 | 27522 | 27092 | 27365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2720798, 16.610%, 3/12/2030 †x#◇ | Best Egg | 3/17/2025 | 34541 | 33994 | 34820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2721008, 10.350%, 3/12/2030 †x◇ | Best Egg | 3/17/2025 | 31754 | 31255 | 31553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2721049, 13.210%, 4/12/2030 †x◇ | Best Egg | 3/17/2025 | 34690 | 34144 | 34507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2721146, 6.910%, 3/12/2030 †x◇ | Best Egg | 3/17/2025 | 24242 | 23862 | 23972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2721205, 7.260%, 4/12/2028 †x◇ | Best Egg | 3/17/2025 | 22892 | 22553 | 22988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722002, 15.880%, 4/13/2030 †x# | Best Egg | 5/13/2025 | 41914 | 40306 | 41420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722072, 16.600%, 3/13/2030 †x◇ | Best Egg | 3/17/2025 | 43495 | 42808 | 43851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722246, 15.620%, 4/15/2030 †x◇ | Best Egg | 3/17/2025 | 23669 | 23295 | 23511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722321, 23.990%, 4/13/2030 †x◇ | Best Egg | 3/17/2025 | 24588 | 24198 | 23991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722330, 19.010%, 4/13/2030 †x◇ | Best Egg | 3/17/2025 | 44014 | 43317 | 43709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722434, 31.070%, 4/13/2030 †x◇ | Best Egg | 3/17/2025 | 34451 | 33902 | 33230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722636, 13.450%, 3/13/2030 †x◇ | Best Egg | 3/17/2025 | 30548 | 30066 | 30368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722827, 15.150%, 4/16/2030 †x◇ | Best Egg | 3/19/2025 | 20838 | 20509 | 20733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722985, 8.070%, 4/16/2030 †x◇ | Best Egg | 3/19/2025 | 23680 | 23309 | 23557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2722993, 17.390%, 3/16/2030 †x#◇ | Best Egg | 3/19/2025 | 23694 | 23315 | 23544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2723174, 8.520%, 4/16/2030 †x◇ | Best Egg | 3/19/2025 | 24570 | 24185 | 24309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2723510, 13.210%, 4/16/2030 †x# | Best Egg | 5/13/2025 | 25880 | 24890 | 25762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2723827, 24.470%, 4/16/2030 †x◇ | Best Egg | 3/19/2025 | 44769 | 44058 | 42991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2723904, 16.110%, 4/16/2030 †x◇ | Best Egg | 3/19/2025 | 22492 | 22137 | 22373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2723927, 13.330%, 4/16/2028 †x◇ | Best Egg | 3/19/2025 | 19778 | 19483 | 20010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724053, 14.360%, 4/16/2029 †x◇ | Best Egg | 3/19/2025 | 40946 | 40312 | 41129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724170, 13.200%, 4/16/2030 †x# | Best Egg | 5/13/2025 | 31054 | 29867 | 31112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724226, 15.460%, 3/16/2030 †x# | Best Egg | 5/13/2025 | 33334 | 32053 | 33624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724235, 17.770%, 3/16/2030 †x◇ | Best Egg | 3/19/2025 | 34526 | 33980 | 34305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724243, 13.940%, 4/25/2030 †x◇ | Best Egg | 3/19/2025 | 22822 | 22460 | 22701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724336, 16.140%, 4/16/2028 †x◇ | Best Egg | 3/19/2025 | 37208 | 36652 | 36923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724479, 4.610%, 4/16/2028 †x◇ | Best Egg | 3/19/2025 | 55105 | 54290 | 55308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724721, 19.920%, 4/16/2028 †x◇ | Best Egg | 3/19/2025 | 33982 | 33472 | 33040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724806, 16.120%, 4/16/2030 †x# | Best Egg | 5/13/2025 | 43585 | 41913 | 43098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2724894, 16.120%, 4/19/2030 †x◇ | Best Egg | 3/19/2025 | 28366 | 27917 | 28050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2725144, 10.790%, 3/16/2028 †x#◇ | Best Egg | 3/19/2025 | 35274 | 34748 | 35413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2725173, 16.720%, 4/16/2028 †x◇ | Best Egg | 3/19/2025 | 22376 | 22041 | 22590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2725816, 21.430%, 4/19/2030 †x◇ | Best Egg | 3/20/2025 | 28869 | 28409 | 28198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2725942, 8.070%, 4/17/2030 †x◇ | Best Egg | 3/20/2025 | 41440 | 40790 | 41228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2725946, 14.660%, 4/17/2030 †x◇ | Best Egg | 3/20/2025 | 26016 | 25606 | 25916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2725977, 24.320%, 4/17/2030 †x◇ | Best Egg | 3/20/2025 | 44760 | 44056 | 43176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2726162, 14.490%, 5/17/2030 †x# | Best Egg | 5/13/2025 | 21528 | 20703 | 21808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2726381, 10.300%, 4/17/2030 †x◇ | Best Egg | 3/20/2025 | 30909 | 30424 | 30827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2726602, 20.650%, 4/17/2030 †x# | Best Egg | 5/13/2025 | 34820 | 33476 | 33573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2726876, 14.660%, 4/17/2030 †x◇ | Best Egg | 3/20/2025 | 20813 | 20485 | 20732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727062, 28.290%, 5/17/2030 †x# | Best Egg | 3/20/2025 | 31715 | 31206 | 30864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727322, 18.050%, 4/18/2030 †x◇ | Best Egg | 3/21/2025 | 43873 | 43179 | 44261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727573, 13.770%, 4/18/2030 †x◇ | Best Egg | 3/21/2025 | 32829 | 32311 | 32683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727724, 20.940%, 3/18/2030 †x#◇ | Best Egg | 3/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727837, 15.630%, 4/18/2030 †x◇ | Best Egg | 3/21/2025 | 37026 | 36441 | 37387 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**106** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727886, 25.760%, 4/18/2030 †x# | Best Egg | 5/13/2025 | $23191 | $22293 | $22886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727946, 12.130%, 4/18/2029 †x◇ | Best Egg | 3/21/2025 | 23950 | 23580 | 24150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2727996, 6.710%, 4/18/2030 †x◇ | Best Egg | 3/21/2025 | 26008 | 25601 | 25739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2728186, 9.690%, 3/18/2029 †x◇ | Best Egg | 3/21/2025 | 36035 | 35479 | 36592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2728234, 13.590%, 4/18/2029 †x◇ | Best Egg | 3/21/2025 | 24495 | 24116 | 24358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2728319, 5.980%, 4/18/2028 †x◇ | Best Egg | 3/21/2025 | 35669 | 35141 | 35897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2728556, 10.790%, 4/18/2028 †x◇ | Best Egg | 3/21/2025 | 36355 | 35814 | 36305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2728574, 13.940%, 4/18/2030 †x◇ | Best Egg | 3/21/2025 | 37000 | 36416 | 36834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2728865, 13.970%, 7/19/2028 †x# | Best Egg | 3/24/2025 | 35359 | 34823 | 35828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2728898, 13.220%, 4/19/2028 †x◇ | Best Egg | 3/24/2025 | 36775 | 36227 | 36609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729102, 13.200%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 42278 | 41611 | 42369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729139, 12.670%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 43047 | 42369 | 43522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729329, 17.580%, 3/19/2030 †x#◇ | Best Egg | 3/24/2025 | 22402 | 22047 | 22585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729402, 14.180%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 21643 | 21301 | 21684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729511, 15.390%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 26953 | 26528 | 26852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729653, 16.330%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 24524 | 24136 | 24425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729771, 6.280%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 37778 | 37187 | 37391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2729859, 10.020%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 45090 | 44381 | 45224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730009, 16.020%, 7/19/2029 †x# | Best Egg | 5/13/2025 | 26050 | 25062 | 26367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730040, 18.870%, 4/19/2029 †x◇ | Best Egg | 3/24/2025 | 33306 | 32788 | 31929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730129, 6.090%, 4/19/2028 †x◇ | Best Egg | 3/24/2025 | 24980 | 24610 | 24954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730190, 19.630%, 3/19/2028 †x◇ | Best Egg | 3/24/2025 | 21343 | 21023 | 21305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730247, 14.170%, 4/19/2030 †x◇ | Best Egg | 3/24/2025 | 36791 | 36211 | 37176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730268, 12.210%, 3/19/2030 †x◇ | Best Egg | 3/24/2025 | 24343 | 23959 | 24258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730449, 15.150%, 4/26/2030 †x#◇ | Best Egg | 3/24/2025 | 23054 | 22687 | 22796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730904, 17.560%, 4/20/2030 †x◇ | Best Egg | 3/24/2025 | 27157 | 26727 | 27015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731045, 25.170%, 5/20/2028 †x# | Best Egg | 3/24/2025 | 29107 | 28657 | 28538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731090, 19.890%, 4/20/2028 †x◇ | Best Egg | 3/24/2025 | 26404 | 26007 | 25852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731105, 16.810%, 4/20/2030 †x◇ | Best Egg | 3/24/2025 | 34951 | 34399 | 34780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731296, 13.690%, 4/20/2030 †x◇ | Best Egg | 3/24/2025 | 81487 | 80203 | 82363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731384, 14.660%, 4/20/2030 †x◇ | Best Egg | 3/24/2025 | 46619 | 45883 | 46352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731479, 0.000%, 2/20/2029 †x | Best Egg | 3/24/2025 | 28520 | 28077 | 23868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731694, 15.920%, 3/20/2028 †x◇ | Best Egg | 3/24/2025 | 28388 | 27963 | 28661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731831, 12.330%, 4/23/2029 †x◇ | Best Egg | 3/26/2025 | 25919 | 25518 | 26070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2731960, 9.330%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | 45693 | 44975 | 45857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732220, 9.820%, 4/23/2030 †x# | Best Egg | 5/13/2025 | 64093 | 61650 | 63785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732345, 15.630%, 4/23/2030 †x# | Best Egg | 5/13/2025 | 22471 | 21609 | 22346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732405, 18.250%, 6/17/2030 †x#◇ | Best Egg | 3/26/2025 | 45123 | 44402 | 45017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732510, 17.560%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | 41847 | 41183 | 42249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732588, 11.760%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | 21450 | 21112 | 21341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732592, 18.510%, 4/26/2030 †x◇ | Best Egg | 3/26/2025 | 21708 | 21364 | 21474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732603, 13.260%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | 43141 | 42461 | 43627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732622, 25.420%, 4/23/2030 †x# | Best Egg | 5/13/2025 | 29036 | 27912 | 28028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732629, 14.600%, 4/23/2028 †x# | Best Egg | 5/13/2025 | 25887 | 24946 | 25778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732804, 14.660%, 4/26/2030 †x#◇ | Best Egg | 3/26/2025 | 20616 | 20289 | 20857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2732939, 19.500%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | 39676 | 39047 | 39472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733109, 10.790%, 4/23/2028 †x◇ | Best Egg | 3/26/2025 | 20585 | 20278 | 20679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733181, 20.950%, 3/23/2030 †x◇ | Best Egg | 3/26/2025 | 21725 | 21376 | 21607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733300, 19.630%, 4/23/2028 †x | Best Egg | 5/13/2025 | 22190 | 21392 | 22110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733324, 18.080%, 4/23/2028 †x◇ | Best Egg | 3/26/2025 | 37492 | 36929 | 36672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733391, 13.220%, 4/23/2028 †x◇ | Best Egg | 3/26/2025 | 24272 | 23909 | 24521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733421, 14.660%, 4/23/2030 †x# | Best Egg | 5/13/2025 | 26016 | 25019 | 25910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733529, 13.200%, 3/23/2030 †x | Best Egg | 5/13/2025 | 31023 | 29831 | 31086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733581, 12.550%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | 22970 | 22608 | 22889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733774, 16.110%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2733991, 5.840%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 30869 | 30387 | 30916 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**107** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734148, 10.970%, 3/24/2030 †x# | Best Egg | 5/13/2025 | $37030 | $35615 | $36831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734248, 11.880%, 4/24/2028 †x◇ | Best Egg | 3/27/2025 | 36574 | 36028 | 36439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734266, 8.820%, 4/24/2028 †x◇ | Best Egg | 3/27/2025 | 21665 | 21343 | 21775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734410, 21.570%, 4/24/2028 †x◇ | Best Egg | 3/27/2025 | 20832 | 20519 | 20557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734591, 10.790%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 25645 | 25242 | 25729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734689, 13.450%, 5/24/2030 †x# | Best Egg | 3/27/2025 | 24037 | 23657 | 23985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2734728, 9.450%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 42519 | 41851 | 42093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735032, 8.390%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 27610 | 27177 | 27485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735204, 10.280%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 24306 | 23924 | 24612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735283, 11.950%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 42072 | 41410 | 41862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735368, 10.790%, 4/24/2028 †x◇ | Best Egg | 3/27/2025 | 25922 | 25536 | 26043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735445, 14.180%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 37422 | 36831 | 37224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735478, 11.150%, 3/24/2028 †x#◇ | Best Egg | 3/27/2025 | 32366 | 31882 | 32490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735614, 14.180%, 4/24/2030 †x◇ | Best Egg | 3/27/2025 | 43286 | 42603 | 43127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735726, 12.130%, 4/23/2028 †x◇ | Best Egg | 3/26/2025 | 36611 | 36066 | 37085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735799, 13.580%, 4/23/2029 †x◇ | Best Egg | 3/26/2025 | 23678 | 23311 | 23769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735852, 26.860%, 4/23/2030 †x◇ | Best Egg | 3/26/2025 | 45078 | 44359 | 43379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735886, 15.940%, 3/23/2030 †x◇ | Best Egg | 3/26/2025 | 37155 | 36563 | 36970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2735993, 12.990%, 3/23/2028 †x◇ | Best Egg | 3/26/2025 | 36002 | 35465 | 36374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736146, 21.870%, 3/23/2030 †x#◇ | Best Egg | 3/26/2025 | 21387 | 21041 | 20648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736184, 22.530%, 4/25/2028 †x#◇ | Best Egg | 3/28/2025 | 22877 | 22532 | 22577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736300, 13.690%, 4/25/2030 †x◇ | Best Egg | 3/28/2025 | 34631 | 34085 | 34453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736407, 13.200%, 4/25/2030 †x◇ | Best Egg | 3/28/2025 | 29329 | 28867 | 29410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736484, 6.430%, 4/25/2028 †x◇ | Best Egg | 3/28/2025 | 30378 | 29928 | 30352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736732, 16.110%, 4/25/2030 †x◇ | Best Egg | 3/28/2025 | 31864 | 31360 | 31765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2736971, 6.280%, 3/25/2030 †x#◇ | Best Egg | 3/28/2025 | 21836 | 21495 | 21613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2737117, 13.690%, 3/25/2030 †x#◇ | Best Egg | 3/28/2025 | 27529 | 27094 | 27584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2737247, 14.660%, 4/25/2030 †x◇ | Best Egg | 3/28/2025 | 28135 | 27691 | 28443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2737289, 7.070%, 4/25/2028 †x#◇ | Best Egg | 3/28/2025 | 35838 | 35306 | 36076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2737494, 13.690%, 4/25/2030 †x◇ | Best Egg | 3/28/2025 | 43209 | 42527 | 43062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2737882, 11.560%, 3/25/2029 †x◇ | Best Egg | 3/28/2025 | 31254 | 30768 | 31715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738114, 14.170%, 5/11/2030 †x | Best Egg | 5/13/2025 | 43632 | 41976 | 43093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738219, 20.110%, 5/24/2028 †x#◇ | Best Egg | 3/31/2025 | 39904 | 39299 | 38942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738490, 16.600%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 37249 | 36660 | 36976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738610, 22.610%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 39148 | 38525 | 37630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738757, 9.330%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 34627 | 34083 | 34403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738816, 7.390%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 32334 | 31827 | 32405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738840, 13.930%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 33668 | 33137 | 33479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2738890, 17.290%, 5/16/2030 †x#◇ | Best Egg | 3/31/2025 | 29105 | 28640 | 28893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739020, 11.090%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 39212 | 38595 | 39261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739117, 28.290%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 35463 | 34893 | 33629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739237, 14.950%, 5/23/2028 †x#◇ | Best Egg | 3/31/2025 | 25296 | 24915 | 25547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739372, 14.560%, 5/01/2029 †x#◇ | Best Egg | 3/31/2025 | 41918 | 41264 | 42039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739421, 22.050%, 5/01/2028 †x | Best Egg | 5/13/2025 | 23667 | 22818 | 23337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739516, 19.470%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 28242 | 27795 | 27603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739639, 8.360%, 5/05/2030 †x◇ | Best Egg | 3/31/2025 | 21579 | 21240 | 21329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2739973, 13.970%, 5/01/2028 †x◇ | Best Egg | 3/31/2025 | 35207 | 34681 | 35567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740108, 15.150%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 44177 | 43479 | 43557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740114, 10.250%, 5/01/2028 †x#◇ | Best Egg | 3/31/2025 | 34140 | 33631 | 34317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740246, 15.620%, 5/01/2030 †x | Best Egg | 5/13/2025 | 34835 | 33517 | 34342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740505, 16.350%, 5/01/2030 †x | Best Egg | 5/13/2025 | 23973 | 23067 | 23629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740513, 14.420%, 6/01/2030 †x# | Best Egg | 3/31/2025 | 33819 | 33285 | 33625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740532, 7.800%, 5/16/2030 †x#◇ | Best Egg | 3/31/2025 | 25813 | 25408 | 25809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740660, 19.980%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | 26573 | 26149 | 26336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740868, 13.120%, 5/01/2028 †x◇ | Best Egg | 3/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740931, 15.460%, 5/01/2030 †x# | Best Egg | 3/31/2025 | 23117 | 22751 | 22979 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**108** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740948, 15.150%, 5/01/2030 †x◇ | Best Egg | 3/31/2025 | $34260 | $33718 | $33851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2740987, 13.010%, 5/01/2029 †x◇ | Best Egg | 3/31/2025 | 32289 | 31789 | 32681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741007, 12.230%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 29700 | 29232 | 29992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741018, 13.200%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 24239 | 23857 | 24428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741019, 13.200%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 20510 | 20187 | 20670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741153, 13.970%, 5/25/2028 †x#◇ | Best Egg | 4/02/2025 | 27580 | 27165 | 27790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741248, 16.830%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 44347 | 43645 | 43878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741329, 11.830%, 5/01/2028 †x◇ | Best Egg | 4/02/2025 | 33058 | 32564 | 32436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741333, 6.090%, 5/01/2028 †x◇ | Best Egg | 4/02/2025 | 27405 | 26999 | 27279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741371, 6.620%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 42794 | 42124 | 42826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741459, 13.200%, 5/15/2030 †x#◇ | Best Egg | 4/02/2025 | 26460 | 26041 | 26667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741494, 20.910%, 5/01/2030 †x | Best Egg | 5/13/2025 | 24401 | 23478 | 22777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2741571, 10.590%, 5/10/2029 †x | Best Egg | 5/13/2025 | 41425 | 39879 | 41045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742022, 10.600%, 5/07/2028 †x◇ | Best Egg | 4/02/2025 | 22365 | 22031 | 22493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742097, 11.840%, 5/01/2029 †x◇ | Best Egg | 4/02/2025 | 21734 | 21398 | 21780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742101, 12.210%, 5/01/2030 †x | Best Egg | 5/13/2025 | 22983 | 22115 | 23210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742121, 10.790%, 5/01/2028 †x◇ | Best Egg | 4/02/2025 | 20144 | 19844 | 20255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742370, 13.200%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 30237 | 29760 | 30473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742396, 24.690%, 5/01/2028 †x◇ | Best Egg | 4/02/2025 | 23223 | 22873 | 22689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742438, 8.900%, 4/01/2028 †x◇ | Best Egg | 4/02/2025 | 28527 | 28102 | 28413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742497, 8.720%, 4/01/2029 †x#◇ | Best Egg | 4/02/2025 | 21446 | 21115 | 21581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742553, 11.690%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 43594 | 42908 | 44032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742582, 24.950%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 36333 | 35754 | 34681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742627, 14.660%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 29945 | 29472 | 30211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742645, 3.920%, 5/01/2028 †x◇ | Best Egg | 4/02/2025 | 36708 | 36165 | 36541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742686, 15.390%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 30412 | 29929 | 30065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742726, 15.540%, 5/01/2029 †x◇ | Best Egg | 4/02/2025 | 39339 | 38728 | 39932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742738, 24.940%, 5/01/2029 †x◇ | Best Egg | 4/02/2025 | 21660 | 21321 | 21648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742893, 10.250%, 5/01/2028 †x◇ | Best Egg | 4/02/2025 | 30114 | 29666 | 30289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742956, 11.640%, 4/01/2028 †x#◇ | Best Egg | 4/02/2025 | 25601 | 25217 | 25480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2742980, 10.300%, 4/01/2030 †x | Best Egg | 5/13/2025 | 27052 | 26031 | 26842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743176, 13.200%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 21472 | 21134 | 21640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743232, 28.290%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 34626 | 34074 | 33289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743389, 12.730%, 5/01/2030 †x | Best Egg | 5/13/2025 | 41563 | 39993 | 41109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743429, 21.250%, 5/01/2030 †x◇ | Best Egg | 4/02/2025 | 28134 | 27687 | 26991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743431, 12.700%, 5/01/2030 †x | Best Egg | 5/13/2025 | 26248 | 25256 | 26050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743669, 23.980%, 5/01/2028 †x◇ | Best Egg | 4/02/2025 | 27693 | 27275 | 27281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743833, 10.440%, 4/01/2030 †x | Best Egg | 5/13/2025 | 42519 | 40894 | 42151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2743884, 16.120%, 5/01/2030 †x◇ | Best Egg | 4/03/2025 | 26533 | 26098 | 25879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2744158, 10.790%, 5/01/2028 †x | Best Egg | 5/13/2025 | 29711 | 28635 | 29876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2744267, 15.450%, 5/01/2030 †x | Best Egg | 5/13/2025 | 31754 | 30536 | 31488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2744639, 10.500%, 5/01/2029 †x | Best Egg | 5/13/2025 | 39195 | 37726 | 39593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2744893, 15.870%, 5/21/2030 †x | Best Egg | 5/13/2025 | 44608 | 42896 | 44152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2744928, 11.610%, 5/01/2028 †x | Best Egg | 5/13/2025 | 20426 | 19686 | 20362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2745081, 0.000%, 6/01/2028 †x | Best Egg | 4/03/2025 | 33186 | 32667 | 24673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2745293, 16.110%, 4/01/2030 †x◇ | Best Egg | 4/04/2025 | 28727 | 28257 | 28402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2745525, 15.390%, 4/01/2030 †x# | Best Egg | 5/13/2025 | 26457 | 25443 | 26160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2745647, 23.620%, 4/01/2030 †x◇ | Best Egg | 4/04/2025 | 24394 | 23992 | 23293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2745721, 15.150%, 4/01/2030 †x#◇ | Best Egg | 4/04/2025 | 20638 | 20298 | 20461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2745804, 11.950%, 4/01/2030 †x# | Best Egg | 5/13/2025 | 26595 | 25579 | 26374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746165, 10.790%, 4/01/2028 †x# | Best Egg | 5/13/2025 | 26325 | 25375 | 26457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746470, 13.940%, 4/01/2030 †x# | Best Egg | 5/13/2025 | 43888 | 42209 | 43455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746584, 5.410%, 4/01/2030 †x◇ | Best Egg | 4/04/2025 | 29806 | 29323 | 29312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746661, 25.430%, 7/01/2030 †x◇ | Best Egg | 4/04/2025 | 44641 | 43902 | 42633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746814, 14.630%, 4/01/2029 †x | Best Egg | 5/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746846, 20.460%, 4/01/2030 †x◇ | Best Egg | 4/04/2025 | 25971 | 25544 | 25684 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**109** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746855, 17.770%, 6/01/2030 †x | Best Egg | 5/13/2025 | $42798 | $41145 | $42564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746880, 15.880%, 4/01/2030 †x | Best Egg | 5/13/2025 | 23389 | 22488 | 23112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2746894, 7.880%, 4/01/2030 †x◇ | Best Egg | 4/04/2025 | 22347 | 21985 | 21979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2747183, 6.280%, 5/02/2030 †x | Best Egg | 5/13/2025 | 42887 | 41256 | 42184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2747569, 10.790%, 4/02/2028 †x# | Best Egg | 5/13/2025 | 29204 | 28151 | 29371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2747606, 10.020%, 5/16/2030 †x | Best Egg | 5/13/2025 | 43506 | 41843 | 43905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2747822, 24.470%, 6/20/2030 †x◇ | Best Egg | 4/07/2025 | 45998 | 45234 | 44012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2748076, 15.870%, 5/22/2030 †x | Best Egg | 5/13/2025 | 29755 | 28608 | 29501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2748185, 16.920%, 4/02/2028 †x◇ | Best Egg | 4/07/2025 | 23729 | 23360 | 23047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2748476, 11.160%, 4/02/2028 †x# | Best Egg | 5/13/2025 | 24535 | 23649 | 24772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2749109, 14.490%, 4/03/2030 †x◇ | Best Egg | 4/07/2025 | 87934 | 86497 | 88753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2749164, 13.200%, 4/03/2030 †x# | Best Egg | 5/13/2025 | 22354 | 21499 | 22536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2749700, 23.510%, 6/26/2030 †x◇ | Best Egg | 4/07/2025 | 22349 | 21987 | 21932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2749860, 7.880%, 4/03/2030 †x◇ | Best Egg | 4/07/2025 | 46297 | 45545 | 45921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2750487, 7.310%, 4/06/2030 †x◇ | Best Egg | 4/09/2025 | 37089 | 36486 | 36367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2750615, 23.170%, 4/06/2029 †x# | Best Egg | 5/13/2025 | 22366 | 21518 | 22391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751217, 5.840%, 4/06/2030 †x# | Best Egg | 5/13/2025 | 85299 | 82065 | 83918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751231, 7.390%, 4/06/2030 †x◇ | Best Egg | 4/09/2025 | 32285 | 31762 | 31764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751324, 13.590%, 4/06/2029 †x# | Best Egg | 5/13/2025 | 26686 | 25685 | 26852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751450, 19.820%, 4/06/2029 †x#◇ | Best Egg | 4/09/2025 | 28748 | 28281 | 28021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751583, 13.110%, 4/06/2028 †x◇ | Best Egg | 4/09/2025 | 20221 | 19909 | 20358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751586, 13.450%, 4/06/2030 †x◇ | Best Egg | 4/09/2025 | 43818 | 43102 | 43409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751610, 15.920%, 4/06/2029 †x◇ | Best Egg | 4/09/2025 | 42031 | 41356 | 42265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2751896, 5.840%, 5/16/2030 †x◇ | Best Egg | 4/09/2025 | 23838 | 23451 | 23377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2752094, 5.900%, 5/07/2030 †x# | Best Egg | 5/13/2025 | 32717 | 31461 | 28927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2752248, 13.940%, 4/06/2030 †x# | Best Egg | 5/13/2025 | 43830 | 42151 | 43398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2752250, 19.410%, 4/06/2028 †x# | Best Egg | 5/13/2025 | 25494 | 24565 | 25033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2752391, 12.730%, 4/06/2030 †x# | Best Egg | 5/13/2025 | 46958 | 45163 | 46559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2752478, 9.330%, 4/06/2030 †x◇ | Best Egg | 4/09/2025 | 27869 | 27416 | 28145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2752483, 16.460%, 4/06/2029 †x# | Best Egg | 5/13/2025 | 27370 | 26339 | 27518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2752831, 11.770%, 4/06/2030 †x# | Best Egg | 5/13/2025 | 23005 | 22127 | 22840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2753097, 10.250%, 4/07/2028 †x# | Best Egg | 5/13/2025 | 36864 | 35534 | 37091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2753718, 11.580%, 4/07/2030 †x◇ | Best Egg | 4/10/2025 | 26126 | 25700 | 25924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754042, 19.470%, 4/07/2030 †x◇ | Best Egg | 4/10/2025 | 23217 | 22836 | 22721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754072, 15.140%, 4/07/2030 †x# | Best Egg | 5/13/2025 | 38541 | 37064 | 38157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754116, 16.890%, 5/22/2029 †x | Best Egg | 5/13/2025 | 27665 | 26615 | 27816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754155, 14.660%, 3/07/2030 †x# | Best Egg | 5/13/2025 | 38961 | 37470 | 38398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754188, 21.250%, 5/15/2030 †x◇ | Best Egg | 4/10/2025 | 45152 | 44402 | 44643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754205, 16.100%, 4/07/2030 †x# | Best Egg | 5/13/2025 | 33094 | 31821 | 32724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754324, 11.640%, 4/07/2029 †x# | Best Egg | 5/13/2025 | 30835 | 29680 | 31160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2754678, 6.500%, 4/07/2030 †x◇ | Best Egg | 4/10/2025 | 22151 | 21792 | 21795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2755301, 8.030%, 4/08/2030 †x#◇ | Best Egg | 4/11/2025 | 24311 | 23916 | 23923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2755542, 9.820%, 4/08/2030 †x◇ | Best Egg | 4/11/2025 | 46133 | 45381 | 45716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2755789, 14.660%, 4/08/2030 †x#◇ | Best Egg | 4/11/2025 | 37393 | 36781 | 37054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2755862, 13.450%, 6/08/2030 †x# | Best Egg | 5/13/2025 | 48817 | 46960 | 49001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2755883, 7.840%, 4/08/2028 †x# | Best Egg | 5/13/2025 | 37271 | 35930 | 37679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2756086, 27.330%, 4/08/2030 †x#◇ | Best Egg | 4/11/2025 | 34157 | 33591 | 32990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2756181, 12.130%, 4/08/2029 †x | Best Egg | 5/13/2025 | 23605 | 22718 | 23661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2756835, 21.120%, 4/09/2030 †x# | Best Egg | 5/13/2025 | 26917 | 25880 | 26291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2756857, 17.080%, 4/09/2030 †x# | Best Egg | 5/13/2025 | 43442 | 41775 | 43035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2757115, 17.560%, 4/09/2030 †x#◇ | Best Egg | 4/14/2025 | 31076 | 30566 | 30776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2757366, 8.740%, 4/09/2030 †x# | Best Egg | 5/13/2025 | 25866 | 24882 | 25455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2758037, 14.410%, 4/09/2030 †x# | Best Egg | 5/13/2025 | 26447 | 25435 | 26207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2758469, 21.450%, 4/10/2028 †x#◇ | Best Egg | 4/14/2025 | 23492 | 23126 | 22991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2760586, 17.560%, 4/13/2030 †x# | Best Egg | 5/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2761078, 13.210%, 5/24/2030 †x | Best Egg | 5/13/2025 | 24637 | 23691 | 24495 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**110** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2761116, 16.810%, 4/13/2030 †x# | Best Egg | 5/13/2025 | $44292 | $42592 | $43893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2761606, 4.610%, 4/13/2028 †x#◇ | Best Egg | 4/16/2025 | 22080 | 21742 | 22243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2761834, 8.130%, 4/13/2029 †x#◇ | Best Egg | 4/16/2025 | 31908 | 31399 | 31654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2762392, 24.550%, 4/13/2030 †x#◇ | Best Egg | 4/16/2025 | 22643 | 22269 | 21651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2763250, 9.060%, 4/14/2029 †x#◇ | Best Egg | 4/17/2025 | 35691 | 35122 | 35845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2763588, 13.480%, 4/14/2028 †x# | Best Egg | 5/13/2025 | 33503 | 32289 | 33852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2763642, 27.990%, 4/14/2028 †x# | Best Egg | 5/13/2025 | 31994 | 30817 | 30000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2764050, 13.200%, 4/14/2030 †x# | Best Egg | 5/13/2025 | 23271 | 22380 | 23474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2765433, 16.360%, 5/01/2030 †x# | Best Egg | 5/13/2025 | 41416 | 39821 | 40992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2766965, 31.070%, 4/15/2030 †x | Best Egg | 5/13/2025 | 25195 | 24200 | 23651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2767247, 11.580%, 4/16/2029 †x#◇ | Best Egg | 4/21/2025 | 34700 | 34143 | 34426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2767264, 11.950%, 4/16/2030 †x#◇ | Best Egg | 4/21/2025 | 25287 | 24874 | 25110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2767740, 25.100%, 4/16/2028 †x#◇ | Best Egg | 4/21/2025 | 21534 | 21197 | 20624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2768045, 26.380%, 4/16/2030 †x# | Best Egg | 5/13/2025 | 26391 | 25369 | 25420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2768476, 15.150%, 4/16/2030 †x# | Best Egg | 5/13/2025 | 29457 | 28329 | 29169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2769340, 12.500%, 4/17/2028 †x# | Best Egg | 5/13/2025 | 37176 | 35829 | 37574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2769934, 16.600%, 4/17/2030 †x# | Best Egg | 5/13/2025 | 28004 | 26924 | 27770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2770204, 20.910%, 4/17/2030 †x# | Best Egg | 5/13/2025 | 23763 | 22847 | 22774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2770443, 23.120%, 4/17/2030 †x#◇ | Best Egg | 4/21/2025 | 37581 | 36961 | 37019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2771209, 7.420%, 4/20/2030 †x#◇ | Best Egg | 4/23/2025 | 30032 | 29544 | 29846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2771232, 8.100%, 4/20/2030 †x# | Best Egg | 5/13/2025 | 37716 | 36281 | 37146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2771244, 13.690%, 4/20/2030 †x# | Best Egg | 5/13/2025 | 43852 | 42174 | 43534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2771567, 17.080%, 6/20/2030 †x# | Best Egg | 5/13/2025 | 46110 | 44333 | 45868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2771984, 14.180%, 4/20/2030 †x# | Best Egg | 5/13/2025 | 21961 | 21120 | 21800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2773340, 11.160%, 4/21/2029 †x# | Best Egg | 5/13/2025 | 30715 | 29563 | 30486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2773467, 10.790%, 4/21/2028 †x# | Best Egg | 5/13/2025 | 36863 | 35529 | 37148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2774012, 16.120%, 4/21/2030 †x#◇ | Best Egg | 4/24/2025 | 44196 | 43472 | 43291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2774121, 13.200%, 4/21/2030 †x# | Best Egg | 5/13/2025 | 22328 | 21474 | 22594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2774307, 13.690%, 4/21/2030 †x# | Best Egg | 5/13/2025 | 41446 | 39857 | 41112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2774781, 10.790%, 4/21/2028 †x# | Best Egg | 5/13/2025 | 36939 | 35603 | 37225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775091, 7.170%, 4/22/2030 †x# | Best Egg | 5/13/2025 | 26147 | 25153 | 25976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775184, 15.150%, 4/22/2030 †x# | Best Egg | 5/13/2025 | 41447 | 39856 | 41795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775215, 20.910%, 4/22/2030 †x# | Best Egg | 5/13/2025 | 28156 | 27071 | 26506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775329, 11.110%, 4/22/2030 †x#◇ | Best Egg | 4/25/2025 | 21581 | 21229 | 21261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775541, 11.460%, 4/22/2030 †x# | Best Egg | 5/13/2025 | 43525 | 41863 | 44079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775719, 15.210%, 4/22/2030 †x# | Best Egg | 5/13/2025 | 35259 | 33902 | 34964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775897, 16.420%, 5/22/2030 †x# | Best Egg | 4/25/2025 | 29478 | 28994 | 29306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2775976, 21.170%, 4/22/2028 †x#◇ | Best Egg | 4/25/2025 | 21141 | 20811 | 20731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2776111, 13.210%, 4/22/2030 †x# | Best Egg | 5/13/2025 | 42031 | 40423 | 42465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2776538, 8.830%, 4/22/2028 †x# | Best Egg | 5/13/2025 | 30959 | 29842 | 30834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2776997, 13.200%, 4/23/2030 †x# | Best Egg | 5/13/2025 | 21891 | 21053 | 21794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2777060, 17.060%, 4/23/2030 †x# | Best Egg | 5/13/2025 | 26595 | 25574 | 26060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2777179, 6.090%, 4/23/2028 †x#◇ | Best Egg | 4/28/2025 | 29613 | 29158 | 29495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2778140, 19.240%, 5/23/2030 †x# | Best Egg | 5/13/2025 | 36794 | 35375 | 36400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2778257, 16.340%, 5/26/2028 †x# | Best Egg | 5/13/2025 | 38543 | 37132 | 37558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2778336, 25.510%, 4/23/2030 †x#◇ | Best Egg | 4/28/2025 | 29718 | 29226 | 28768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2778439, 15.140%, 4/24/2030 †x#◇ | Best Egg | 4/28/2025 | 33044 | 32503 | 32777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2778849, 20.270%, 4/24/2029 †x#◇ | Best Egg | 4/28/2025 | 20462 | 20131 | 20805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2779295, 15.540%, 4/24/2029 †x#◇ | Best Egg | 4/28/2025 | 25522 | 25111 | 25807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2779912, 5.300%, 4/24/2028 †x# | Best Egg | 5/13/2025 | 25830 | 24902 | 25746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2780042, 12.230%, 4/24/2030 †x# | Best Egg | 5/13/2025 | 43639 | 41971 | 43347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2780195, 23.040%, 6/01/2030 †x#◇ | Best Egg | 4/30/2025 | 44732 | 43988 | 43906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2780257, 12.130%, 6/01/2029 †x#◇ | Best Egg | 4/30/2025 | 31901 | 31388 | 32214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2780468, 8.000%, 6/01/2028 †x#◇ | Best Egg | 4/30/2025 | 27059 | 26640 | 27270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2780590, 10.790%, 5/01/2030 †x#◇ | Best Egg | 4/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2780835, 6.420%, 6/01/2029 †x#◇ | Best Egg | 4/30/2025 | 20810 | 20478 | 20623 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**111** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2781309, 15.950%, 6/01/2028 †x#◇ | Best Egg | 4/30/2025 | $21864 | $21521 | $21541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2781350, 6.420%, 6/01/2029 †x#◇ | Best Egg | 4/30/2025 | 24972 | 24573 | 25462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2781603, 6.090%, 6/01/2028 †x#◇ | Best Egg | 4/30/2025 | 21495 | 21163 | 21396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2781662, 10.300%, 6/01/2030 †x#◇ | Best Egg | 4/30/2025 | 35287 | 34711 | 35682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2782152, 22.820%, 6/01/2030 †x#◇ | Best Egg | 4/30/2025 | 21057 | 20707 | 20205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2782774, 15.630%, 6/12/2030 †x#◇ | Best Egg | 4/30/2025 | 37864 | 37240 | 37538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2783639, 6.930%, 6/01/2028 †x#◇ | Best Egg | 5/01/2025 | 32719 | 32214 | 32536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2784080, 11.740%, 6/01/2030 †x◇ | Best Egg | 5/01/2025 | 24558 | 24156 | 24327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2784258, 12.130%, 6/01/2029 †x#◇ | Best Egg | 5/01/2025 | 42438 | 41756 | 42531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2784559, 15.920%, 6/01/2028 †x#◇ | Best Egg | 5/01/2025 | 23834 | 23462 | 24031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2785196, 10.250%, 5/01/2030 †x◇ | Best Egg | 5/02/2025 | 26030 | 25603 | 25839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2785790, 6.710%, 5/01/2030 †x#◇ | Best Egg | 5/02/2025 | 23442 | 23061 | 23455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2786567, 22.910%, 6/01/2030 †x◇ | Best Egg | 5/05/2025 | 38869 | 37931 | 37989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2786614, 17.330%, 6/01/2030 †x◇ | Best Egg | 5/05/2025 | 22502 | 21961 | 21957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2786645, 10.530%, 5/01/2028 †x◇ | Best Egg | 5/05/2025 | 35893 | 35076 | 36066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2787213, 31.070%, 6/01/2030 †x◇ | Best Egg | 5/05/2025 | 27927 | 27249 | 26586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2787864, 17.080%, 7/01/2030 †x# | Best Egg | 5/05/2025 | 23847 | 23270 | 23664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2787871, 22.080%, 6/01/2030 †x◇ | Best Egg | 5/05/2025 | 25525 | 24909 | 25221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2788563, 6.280%, 6/15/2030 †x◇ | Best Egg | 5/05/2025 | 25427 | 24822 | 24941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2788777, 10.250%, 5/01/2028 †x◇ | Best Egg | 5/05/2025 | 23297 | 22769 | 23429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2789168, 12.930%, 6/01/2030 †x#◇ | Best Egg | 5/05/2025 | 31086 | 30342 | 30837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2789532, 14.570%, 5/01/2028 †x#◇ | Best Egg | 5/05/2025 | 39477 | 38581 | 39836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2789570, 29.240%, 5/01/2030 †x◇ | Best Egg | 5/05/2025 | 22221 | 21672 | 21382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2789708, 20.240%, 5/01/2030 †x◇ | Best Egg | 5/05/2025 | 32058 | 31279 | 31325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2790651, 18.450%, 5/04/2028 †x#◇ | Best Egg | 5/07/2025 | 26110 | 25508 | 25157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2790732, 17.400%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 26992 | 26343 | 27233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2790868, 13.220%, 5/04/2028 †x#◇ | Best Egg | 5/07/2025 | 39302 | 38411 | 38743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2790945, 17.370%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 33737 | 32926 | 33487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2791024, 18.530%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 28429 | 27745 | 28145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2791414, 14.890%, 2/04/2031 †x# | Best Egg | 5/07/2025 | 36105 | 35238 | 36701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2791566, 31.070%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 23152 | 22589 | 21993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2791609, 9.820%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 33098 | 32308 | 32571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2791656, 10.770%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 44114 | 43061 | 43855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2791869, 10.250%, 5/04/2028 †x#◇ | Best Egg | 5/07/2025 | 30739 | 30045 | 30934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2791882, 18.780%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 22578 | 22035 | 22356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2792425, 13.200%, 6/04/2030 †x#◇ | Best Egg | 5/07/2025 | 44444 | 43381 | 44840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2792926, 20.370%, 6/08/2028 †x#◇ | Best Egg | 5/08/2025 | 33301 | 32532 | 32551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2793310, 16.610%, 6/05/2030 †x#◇ | Best Egg | 5/08/2025 | 24183 | 23602 | 24391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2793717, 10.790%, 5/05/2028 †x#◇ | Best Egg | 5/08/2025 | 20271 | 19812 | 20401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2794519, 11.160%, 5/05/2028 †x#◇ | Best Egg | 5/08/2025 | 35519 | 34715 | 35893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2794620, 19.720%, 7/05/2030 †x# | Best Egg | 5/08/2025 | 21500 | 20980 | 21292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2795155, 25.220%, 6/06/2030 †x#◇ | Best Egg | 5/09/2025 | 44747 | 43664 | 42730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2795251, 23.510%, 5/06/2030 †x#◇ | Best Egg | 5/09/2025 | 24355 | 23760 | 23917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 279559865, 14.630%, 7/24/2029 †§x | Upgrade | 7/15/2024 | 30958 | 30660 | 30438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2797033, 19.210%, 6/07/2030 †x#◇ | Best Egg | 5/12/2025 | 28491 | 27805 | 28214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2797555, 15.430%, 5/07/2028 †x#◇ | Best Egg | 5/12/2025 | 30879 | 30177 | 31173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2797733, 13.200%, 5/07/2030 †x#◇ | Best Egg | 5/12/2025 | 23089 | 22536 | 23285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2797863, 14.950%, 6/07/2029 †x#◇ | Best Egg | 5/12/2025 | 21381 | 20877 | 21733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2798249, 11.130%, 6/07/2029 †x#◇ | Best Egg | 5/12/2025 | 30629 | 29910 | 30885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2798572, 15.140%, 6/08/2030 †x#◇ | Best Egg | 5/12/2025 | 24290 | 23708 | 24055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2798636, 19.010%, 6/08/2030 †x#◇ | Best Egg | 5/12/2025 | 21691 | 21166 | 21534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2798671, 12.670%, 6/08/2030 †x#◇ | Best Egg | 5/12/2025 | 32352 | 31578 | 32661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2798753, 16.610%, 6/08/2030 †x#◇ | Best Egg | 5/12/2025 | 30523 | 29790 | 30819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2798955, 16.730%, 5/08/2028 †x#◇ | Best Egg | 5/12/2025 | 31803 | 31079 | 32098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2799226, 6.280%, 6/08/2030 †x#◇ | Best Egg | 5/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2799334, 19.270%, 6/08/2030 †x#◇ | Best Egg | 5/12/2025 | 40694 | 39714 | 39855 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**112** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2799395, 17.090%, 5/08/2030 †x#◇ | Best Egg | 5/12/2025 | $21512 | $20993 | $21700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2799681, 27.890%, 5/08/2030 †x#◇ | Best Egg | 5/12/2025 | 26955 | 26297 | 25966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2799776, 14.180%, 6/16/2030 †x◇ | Best Egg | 5/12/2025 | 26551 | 25913 | 26351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2799889, 9.210%, 5/08/2028 †x#◇ | Best Egg | 5/12/2025 | 20237 | 19779 | 20368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2800109, 15.390%, 6/08/2030 †x#◇ | Best Egg | 5/12/2025 | 26839 | 26195 | 26601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2800366, 21.430%, 6/11/2030 †x#◇ | Best Egg | 5/14/2025 | 31829 | 31061 | 31116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2800418, 11.950%, 6/11/2030 †x#◇ | Best Egg | 5/14/2025 | 43391 | 42353 | 43085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2800994, 19.980%, 6/11/2030 †x#◇ | Best Egg | 5/14/2025 | 31710 | 30946 | 31414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2801028, 12.950%, 5/11/2030 †x#◇ | Best Egg | 5/14/2025 | 32425 | 31647 | 32773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2801360, 13.700%, 5/11/2030 †x◇ | Best Egg | 5/14/2025 | 30236 | 29505 | 29788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2801378, 23.660%, 7/11/2028 †x | Best Egg | 5/14/2025 | 24703 | 24131 | 24117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2801896, 10.770%, 6/11/2030 †x#◇ | Best Egg | 5/14/2025 | 35291 | 34448 | 35666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2801909, 24.540%, 5/11/2028 †x#◇ | Best Egg | 5/14/2025 | 40718 | 39783 | 39685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 280802745, 14.890%, 7/11/2029 †§x | Upgrade | 7/15/2024 | 31155 | 30863 | 30596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 281180735, 15.060%, 7/11/2028 †§x | Upgrade | 7/15/2024 | 26982 | 26760 | 26460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 281995044, 15.600%, 7/10/2029 †§x | Upgrade | 7/19/2024 | 22564 | 22351 | 22159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282040550, 14.630%, 7/21/2029 †§x | Upgrade | 7/15/2024 | 25206 | 24963 | 24767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282060844, 15.600%, 7/15/2029 †§x | Upgrade | 7/15/2024 | 21446 | 21241 | 21013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282135688, 14.890%, 7/19/2029 †§x | Upgrade | 7/22/2024 | 29208 | 28933 | 28721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282228740, 14.630%, 7/11/2029 †§x | Upgrade | 7/15/2024 | 30364 | 30080 | 29752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282230850, 15.600%, 7/15/2029 †§x | Upgrade | 7/18/2024 | 22898 | 22681 | 22444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282233328, 15.600%, 7/11/2029 †§x | Upgrade | 7/15/2024 | 22897 | 22682 | 22424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282276344, 15.600%, 7/16/2029 †§x | Upgrade | 7/19/2024 | 27477 | 27217 | 26940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282277119, 15.600%, 7/18/2029 †§x | Upgrade | 7/22/2024 | 34346 | 34021 | 33699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282278124, 15.600%, 7/12/2029 †§x | Upgrade | 7/15/2024 | 24102 | 23875 | 23607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282281354, 15.600%, 7/10/2029 †§x | Upgrade | 7/15/2024 | 27187 | 26931 | 26623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282414862, 15.600%, 7/19/2029 †§x | Upgrade | 7/22/2024 | 24424 | 24193 | 23966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282423381, 15.600%, 7/24/2029 †§x | Upgrade | 7/18/2024 | 24886 | 24647 | 24418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282474791, 14.630%, 7/28/2029 †§x | Upgrade | 7/25/2024 | 22038 | 21826 | 21541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282519617, 14.080%, 7/15/2028 †§x | Upgrade | 7/18/2024 | 28146 | 27915 | 27629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282524622, 14.630%, 7/25/2029 †§x | Upgrade | 7/15/2024 | 22729 | 22510 | 22354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282537753, 15.600%, 7/12/2029 †§x | Upgrade | 7/15/2024 | 21680 | 21478 | 21234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282569764, 15.600%, 7/27/2029 †§x | Upgrade | 7/15/2024 | 30798 | 30498 | 30130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2826074, 9.820%, 7/01/2030 †x◇ | Best Egg | 6/02/2025 | 44723 | 43655 | 44403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282608184, 15.600%, 7/19/2029 †§x | Upgrade | 7/22/2024 | 30530 | 30241 | 29957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282665981, 14.630%, 7/16/2029 †§x | Upgrade | 7/15/2024 | 28142 | 27875 | 27584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282675198, 15.600%, 7/17/2029 †§x | Upgrade | 7/18/2024 | 30581 | 30291 | 29993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2826780, 20.720%, 7/01/2030 †x◇ | Best Egg | 6/02/2025 | 45381 | 44284 | 44306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282684132, 14.630%, 7/15/2029 †§x | Upgrade | 7/18/2024 | 26551 | 26302 | 26034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282718485, 14.630%, 7/19/2029 †§x | Upgrade | 7/22/2024 | 20482 | 20290 | 20105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282726328, 15.600%, 7/17/2029 †§x | Upgrade | 7/22/2024 | 27477 | 27217 | 26957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282740479, 15.600%, 7/15/2029 †§x | Upgrade | 7/18/2024 | 25336 | 25097 | 24834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282786556, 14.630%, 7/15/2029 †§x | Upgrade | 7/18/2024 | 28827 | 28557 | 28266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282794957, 13.320%, 7/17/2027 †§x | Upgrade | 7/22/2024 | 22357 | 22213 | 22502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2828063, 10.970%, 7/01/2030 †x◇ | Best Egg | 6/02/2025 | 32522 | 31745 | 32915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282813012, 14.630%, 7/15/2029 †§x | Upgrade | 7/18/2024 | 22000 | 21793 | 21571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282883473, 15.600%, 7/17/2029 †§x | Upgrade | 7/22/2024 | 22134 | 21925 | 21715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282962452, 15.600%, 7/18/2029 †§x | Upgrade | 7/22/2024 | 29003 | 28729 | 28457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 282967359, 13.320%, 7/22/2027 †§x | Upgrade | 7/25/2024 | 20895 | 20760 | 21047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2829769, 9.790%, 7/26/2030 †x◇ | Best Egg | 6/04/2025 | 24644 | 24055 | 24457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830060, 13.200%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 35614 | 34762 | 35958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830233, 23.570%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 23244 | 22683 | 22245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830248, 13.670%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 41525 | 40532 | 41919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830257, 13.040%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 38008 | 37099 | 38378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283028402, 15.060%, 7/23/2028 †§x | Upgrade | 7/22/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830381, 13.940%, 7/20/2030 †x◇ | Best Egg | 6/04/2025 | 45518 | 44422 | 45253 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**113** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830413, 22.690%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | $21069 | $20561 | $20865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830506, 7.040%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 44308 | 43255 | 44421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830521, 17.770%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 44798 | 43721 | 44391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830525, 17.290%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 45552 | 44458 | 45142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283062678, 15.600%, 7/22/2029 †§x | Upgrade | 7/25/2024 | 22516 | 22302 | 22111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830651, 17.290%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 26943 | 26296 | 26701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830660, 12.960%, 7/25/2030 †x#◇ | Best Egg | 6/04/2025 | 42730 | 41703 | 43145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283069015, 14.630%, 7/17/2029 †§x | Upgrade | 7/22/2024 | 34137 | 33817 | 33502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283071101, 14.630%, 7/19/2029 †§x | Upgrade | 7/22/2024 | 25630 | 25388 | 25159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830731, 11.440%, 6/01/2029 †x◇ | Best Egg | 6/04/2025 | 42026 | 41039 | 42376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2830969, 13.670%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 44234 | 43175 | 44653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831076, 11.650%, 7/15/2030 †x◇ | Best Egg | 6/04/2025 | 31313 | 30564 | 31033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831084, 10.300%, 6/01/2028 †x◇ | Best Egg | 6/04/2025 | 40185 | 39273 | 40006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831243, 15.460%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 80724 | 78789 | 81438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831270, 11.230%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 19911 | 19436 | 20118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831450, 10.440%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 21426 | 20915 | 21655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283150852, 14.630%, 7/18/2029 †§x | Upgrade | 7/22/2024 | 25793 | 25550 | 25315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283152313, 15.600%, 7/18/2029 †§x | Upgrade | 7/22/2024 | 23784 | 23557 | 23372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283159508, 15.060%, 7/18/2028 †§x | Upgrade | 7/22/2024 | 27022 | 26797 | 26547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831607, 9.950%, 7/09/2030 †x◇ | Best Egg | 6/04/2025 | 25983 | 25362 | 25804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2831625, 16.600%, 7/15/2030 †x◇ | Best Egg | 6/04/2025 | 20439 | 19948 | 20644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283177126, 14.630%, 7/18/2029 †§x | Upgrade | 7/22/2024 | 21213 | 21013 | 20867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283178096, 13.320%, 7/23/2027 †§x | Upgrade | 7/22/2024 | 20854 | 20716 | 21015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2832044, 19.980%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 22922 | 22370 | 23124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2832339, 19.950%, 6/01/2030 †x◇ | Best Egg | 6/04/2025 | 45841 | 44737 | 44046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283239708, 15.600%, 7/18/2029 †§x | Upgrade | 7/22/2024 | 23660 | 23437 | 23215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283241020, 14.630%, 7/17/2029 †§x# | Upgrade | 7/22/2024 | 30334 | 30044 | 29764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283249516, 13.320%, 7/10/2027 †§x | Upgrade | 7/22/2024 | 21272 | 21136 | 21397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2832607, 22.870%, 6/02/2030 †x#◇ | Best Egg | 6/05/2025 | 46642 | 45508 | 45901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283264559, 15.600%, 7/19/2029 †§x | Upgrade | 7/22/2024 | 21371 | 21169 | 20970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2832756, 15.880%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 29052 | 28355 | 28399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283276211, 14.630%, 7/15/2029 †§x | Upgrade | 7/22/2024 | 27995 | 27731 | 27529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2832795, 12.480%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 35995 | 35135 | 35707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2832816, 11.510%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 38593 | 37672 | 39063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2832857, 14.720%, 6/02/2028 †x◇ | Best Egg | 6/05/2025 | 39694 | 38789 | 39148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2833011, 15.370%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 26702 | 26062 | 26447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2833200, 13.690%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 22569 | 22029 | 22441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2833229, 5.980%, 6/02/2028 †x◇ | Best Egg | 6/05/2025 | 38066 | 37207 | 37928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2833263, 23.780%, 7/13/2030 †x◇ | Best Egg | 6/05/2025 | 35435 | 34573 | 34864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2833348, 14.180%, 7/05/2030 †x◇ | Best Egg | 6/05/2025 | 25117 | 24514 | 24908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2833584, 16.840%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 45502 | 44409 | 44476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2833694, 8.480%, 6/02/2028 †x◇ | Best Egg | 6/05/2025 | 31970 | 31246 | 32339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2834025, 15.020%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 22647 | 22104 | 22461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2834028, 16.940%, 6/02/2030 †x◇ | Best Egg | 6/05/2025 | 24800 | 24205 | 24561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2834280, 15.630%, 10/02/2030 †x# | Best Egg | 6/05/2025 | 24731 | 24135 | 24734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2834328, 13.200%, 7/17/2030 †x◇ | Best Egg | 6/05/2025 | 19978 | 19499 | 20151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2834720, 15.020%, 6/03/2030 †x◇ | Best Egg | 6/06/2025 | 44070 | 43012 | 43668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2834968, 12.230%, 6/03/2030 †x◇ | Best Egg | 6/06/2025 | 42535 | 41518 | 42971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835022, 15.370%, 6/03/2030 †x◇ | Best Egg | 6/06/2025 | 27201 | 26549 | 27040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835297, 12.230%, 7/15/2030 †x◇ | Best Egg | 6/06/2025 | 33620 | 32813 | 33367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835421, 12.210%, 6/03/2030 †x◇ | Best Egg | 6/06/2025 | 44961 | 43887 | 44610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835438, 18.730%, 6/03/2030 †x◇ | Best Egg | 6/06/2025 | 45710 | 44611 | 44787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835450, 12.260%, 6/03/2028 †x◇ | Best Egg | 6/06/2025 | 28295 | 27651 | 28518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835621, 15.630%, 7/22/2030 †x◇ | Best Egg | 6/06/2025 | 24738 | 24143 | 24959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835757, 23.650%, 6/03/2030 †x◇ | Best Egg | 6/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835973, 13.190%, 7/05/2030 †x◇ | Best Egg | 6/06/2025 | 30808 | 30070 | 30338 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**114** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2836225, 17.560%, 7/26/2030 †x◇ | Best Egg | 6/06/2025 | $23982 | $23402 | $23779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2836579, 6.710%, 6/04/2030 †x◇ | Best Egg | 6/09/2025 | 35411 | 34570 | 34864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2836581, 23.990%, 6/04/2030 †x◇ | Best Egg | 6/09/2025 | 37008 | 36114 | 35374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2837001, 16.330%, 6/04/2030 †x◇ | Best Egg | 6/09/2025 | 31811 | 31048 | 31621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2837057, 19.690%, 6/04/2030 †x◇ | Best Egg | 6/09/2025 | 45813 | 44711 | 45123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2837226, 5.840%, 6/04/2030 †x#◇ | Best Egg | 6/09/2025 | 35104 | 34271 | 34542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2837378, 10.320%, 6/04/2030 †x◇ | Best Egg | 6/09/2025 | 20128 | 19648 | 20035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2837913, 7.260%, 6/04/2028 †x◇ | Best Egg | 6/09/2025 | 35820 | 35010 | 36245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838023, 3.920%, 6/04/2028 †x◇ | Best Egg | 6/09/2025 | 31514 | 30804 | 31766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838377, 8.070%, 6/05/2030 †x◇ | Best Egg | 6/09/2025 | 21332 | 20825 | 21196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838418, 21.040%, 6/05/2030 †x◇ | Best Egg | 6/09/2025 | 45955 | 44848 | 44197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838574, 14.280%, 6/05/2030 †x◇ | Best Egg | 6/09/2025 | 44304 | 43243 | 44734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838575, 19.270%, 6/05/2030 †x◇ | Best Egg | 6/09/2025 | 45768 | 44667 | 44756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838814, 12.130%, 6/05/2029 †x◇ | Best Egg | 6/09/2025 | 27608 | 26959 | 27703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838864, 14.450%, 6/05/2029 †x◇ | Best Egg | 6/09/2025 | 30476 | 29758 | 30664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2838935, 6.280%, 6/05/2030 †x◇ | Best Egg | 6/09/2025 | 23022 | 22475 | 22668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2839088, 8.290%, 6/05/2030 †x◇ | Best Egg | 6/09/2025 | 28084 | 27415 | 27654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2839089, 15.390%, 6/05/2030 †x◇ | Best Egg | 6/09/2025 | 22670 | 22124 | 22542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2839413, 16.140%, 6/05/2028 †x◇ | Best Egg | 6/09/2025 | 40878 | 39944 | 40326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2839421, 16.510%, 6/05/2029 †x◇ | Best Egg | 6/09/2025 | 41590 | 40609 | 41435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2839470, 14.470%, 6/05/2029 †x◇ | Best Egg | 6/09/2025 | 27995 | 27336 | 28168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2839916, 15.430%, 6/05/2028 †x◇ | Best Egg | 6/09/2025 | 20719 | 20246 | 20680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840008, 13.570%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 28880 | 28189 | 28673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840038, 15.150%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 36147 | 35281 | 36560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840125, 13.530%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 21838 | 21315 | 22101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840208, 12.990%, 6/08/2028 †x◇ | Best Egg | 6/11/2025 | 20573 | 20105 | 20798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840217, 12.240%, 7/12/2030 †x◇ | Best Egg | 6/11/2025 | 53264 | 51989 | 53839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840334, 18.530%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 44775 | 43698 | 44510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840434, 15.850%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 31773 | 31011 | 31525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840436, 11.760%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 34040 | 33227 | 33515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840624, 24.050%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 27755 | 27085 | 26615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840652, 12.240%, 6/08/2029 †x◇ | Best Egg | 6/11/2025 | 34532 | 33721 | 34921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840751, 18.810%, 8/08/2030 †x# | Best Egg | 6/11/2025 | 43549 | 42498 | 42930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840874, 16.600%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 25447 | 24835 | 25219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840896, 14.010%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 45177 | 44095 | 44849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2840901, 13.200%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 38362 | 37445 | 38763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841004, 10.310%, 6/08/2028 †x◇ | Best Egg | 6/11/2025 | 22467 | 21957 | 22730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841184, 6.330%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 23268 | 22715 | 23345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841233, 13.120%, 6/08/2028 †x◇ | Best Egg | 6/11/2025 | 33766 | 32997 | 34043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841250, 9.000%, 6/08/2029 †x◇ | Best Egg | 6/11/2025 | 30007 | 29304 | 30307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841396, 8.780%, 7/26/2030 †x◇ | Best Egg | 6/11/2025 | 45727 | 44636 | 46281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841491, 12.480%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 44994 | 43918 | 45555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841532, 28.290%, 8/08/2030 †x# | Best Egg | 6/11/2025 | 21499 | 20976 | 20842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841539, 10.050%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 22346 | 21813 | 22204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841551, 11.950%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 20218 | 19735 | 20087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841741, 8.970%, 6/08/2028 †x◇ | Best Egg | 6/11/2025 | 38357 | 37487 | 38784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841910, 16.850%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 36402 | 35528 | 36201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2841945, 12.360%, 6/08/2028 †x◇ | Best Egg | 6/11/2025 | 32346 | 31610 | 31916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2842094, 14.410%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 29651 | 28941 | 29503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2842338, 21.530%, 6/08/2028 †x◇ | Best Egg | 6/11/2025 | 22756 | 22234 | 22274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2842450, 14.560%, 6/08/2029 †x◇ | Best Egg | 6/11/2025 | 25695 | 25090 | 25972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2842525, 11.740%, 8/08/2030 †x | Best Egg | 6/11/2025 | 29999 | 29280 | 30441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2842641, 17.290%, 6/08/2030 †x◇ | Best Egg | 6/11/2025 | 36442 | 35566 | 36156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2842648, 14.460%, 6/08/2028 †x◇ | Best Egg | 6/11/2025 | 25827 | 25238 | 26107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2842861, 11.990%, 7/25/2030 †x◇ | Best Egg | 6/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843105, 10.770%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 33347 | 32551 | 33122 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**115** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843310, 5.840%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | $35319 | $34480 | $34678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843467, 6.180%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 26516 | 25887 | 26115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843603, 5.900%, 8/10/2030 †x | Best Egg | 6/12/2025 | 37830 | 36931 | 32675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843678, 9.790%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 26797 | 26158 | 26631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843694, 13.200%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 33274 | 32477 | 33587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843859, 15.320%, 7/22/2028 †x◇ | Best Egg | 6/12/2025 | 20719 | 20243 | 20880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843863, 14.050%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 24619 | 24030 | 24438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2843947, 12.970%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 21920 | 21396 | 21796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844308, 15.170%, 7/23/2028 †x◇ | Best Egg | 6/12/2025 | 20111 | 19647 | 20268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844323, 11.950%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 35047 | 34209 | 34822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844390, 7.570%, 6/09/2028 †x◇ | Best Egg | 6/12/2025 | 22715 | 22200 | 22888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844398, 12.960%, 6/09/2030 †x◇ | Best Egg | 6/12/2025 | 35850 | 34991 | 36172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844526, 9.180%, 6/09/2028 †x◇ | Best Egg | 6/12/2025 | 29636 | 28964 | 29874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844590, 24.950%, 7/16/2030 †x◇ | Best Egg | 6/12/2025 | 22121 | 21585 | 21225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844708, 21.390%, 8/10/2030 †x# | Best Egg | 6/13/2025 | 24920 | 24318 | 24410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844739, 9.000%, 7/26/2029 †x◇ | Best Egg | 6/13/2025 | 20367 | 19888 | 20444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844778, 12.730%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 28687 | 27998 | 28532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2844952, 3.670%, 6/10/2028 †x◇ | Best Egg | 6/13/2025 | 24818 | 24258 | 24716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2845099, 11.990%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 23368 | 22807 | 23220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2845145, 11.250%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 71751 | 70037 | 71301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2845183, 14.660%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 44800 | 43727 | 45330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2845210, 15.150%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 36248 | 35379 | 35979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2845271, 11.420%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 29752 | 29041 | 29311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2845505, 10.790%, 7/24/2028 †x◇ | Best Egg | 6/13/2025 | 33017 | 32261 | 33273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2845811, 23.650%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 33509 | 32700 | 33023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2846026, 13.210%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 27659 | 26994 | 27463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2846030, 15.850%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 25495 | 24883 | 24963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2846074, 13.190%, 6/10/2030 †x◇ | Best Egg | 6/13/2025 | 27048 | 26401 | 27337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2846738, 7.480%, 6/11/2030 †x◇ | Best Egg | 6/16/2025 | 39485 | 38546 | 39613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2846877, 12.530%, 6/11/2029 †x◇ | Best Egg | 6/16/2025 | 27936 | 27280 | 28047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847036, 14.890%, 6/11/2030 †x◇ | Best Egg | 6/16/2025 | 30990 | 30248 | 30738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847137, 15.630%, 6/11/2030 †x◇ | Best Egg | 6/16/2025 | 45365 | 44277 | 45889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847203, 13.930%, 7/17/2030 †x◇ | Best Egg | 6/16/2025 | 35058 | 34215 | 35487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847337, 11.300%, 6/11/2029 †x◇ | Best Egg | 6/16/2025 | 43155 | 42142 | 43567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847478, 4.950%, 6/11/2028 †x◇ | Best Egg | 6/16/2025 | 40368 | 39456 | 40231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847496, 21.870%, 6/11/2030 †x◇ | Best Egg | 6/16/2025 | 23020 | 22465 | 22699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847616, 10.820%, 6/11/2030 †x◇ | Best Egg | 6/16/2025 | 37225 | 36336 | 36675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847664, 8.850%, 7/22/2030 †x◇ | Best Egg | 6/16/2025 | 22118 | 21591 | 22394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847723, 12.950%, 6/11/2030 †x#◇ | Best Egg | 6/16/2025 | 28648 | 27961 | 28975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2847856, 13.710%, 6/11/2028 †x◇ | Best Egg | 6/16/2025 | 22570 | 22055 | 22827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2848031, 11.950%, 7/11/2030 †x◇ | Best Egg | 6/16/2025 | 22949 | 22398 | 22806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2848562, 14.270%, 6/12/2029 †x◇ | Best Egg | 6/16/2025 | 26110 | 25495 | 26206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2848603, 19.950%, 6/12/2030 †x◇ | Best Egg | 6/16/2025 | 22920 | 22369 | 22613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2848620, 11.600%, 6/12/2030 †x◇ | Best Egg | 6/16/2025 | 28054 | 27384 | 27872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2848628, 8.470%, 7/18/2030 †x◇ | Best Egg | 6/16/2025 | 31197 | 30454 | 31293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2848908, 5.840%, 6/12/2030 †x◇ | Best Egg | 6/16/2025 | 22074 | 21550 | 22157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2848966, 28.290%, 6/12/2030 †x◇ | Best Egg | 6/16/2025 | 46657 | 45528 | 45757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2849048, 15.430%, 6/12/2028 †x◇ | Best Egg | 6/16/2025 | 22845 | 22323 | 23097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2849128, 27.330%, 6/12/2030 †x◇ | Best Egg | 6/16/2025 | 27942 | 27266 | 26833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2849340, 10.120%, 6/12/2028 †x◇ | Best Egg | 6/16/2025 | 27311 | 26691 | 27645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2849533, 19.820%, 6/12/2030 †x◇ | Best Egg | 6/16/2025 | 25205 | 24598 | 24868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2849592, 23.440%, 7/26/2030 †x◇ | Best Egg | 6/16/2025 | 30510 | 29764 | 29389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2849784, 18.020%, 7/26/2030 †x#◇ | Best Egg | 6/16/2025 | 31357 | 30597 | 31196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2849811, 16.330%, 6/12/2030 †x◇ | Best Egg | 6/16/2025 | 29084 | 28386 | 28845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 284998477, 15.140%, 8/12/2029 †§x | Upgrade | 8/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850122, 21.910%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 46045 | 44935 | 45644 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**116** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850130, 11.830%, 7/25/2030 †x◇ | Best Egg | 6/18/2025 | $27950 | $27279 | $27786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850167, 12.610%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 45010 | 43933 | 44738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850275, 14.290%, 10/15/2030 †x# | Best Egg | 6/18/2025 | 45503 | 44407 | 46138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850334, 15.850%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 29761 | 29047 | 29556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850416, 17.290%, 7/20/2029 †x◇ | Best Egg | 6/18/2025 | 40907 | 39934 | 41044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850425, 8.470%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 22129 | 21602 | 21738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850498, 19.210%, 8/15/2030 †x# | Best Egg | 6/18/2025 | 47923 | 46767 | 47574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850508, 11.310%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 28887 | 28197 | 28469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850533, 12.500%, 6/15/2028 †x◇ | Best Egg | 6/18/2025 | 24270 | 23717 | 24558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850548, 16.600%, 7/26/2030 †x◇ | Best Egg | 6/18/2025 | 21258 | 20743 | 21140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850561, 22.650%, 8/15/2030 †x# | Best Egg | 6/18/2025 | 28203 | 27520 | 27866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850798, 18.630%, 9/15/2030 †x# | Best Egg | 6/18/2025 | 25418 | 24804 | 25169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850837, 18.050%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 21098 | 20591 | 20945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850858, 9.830%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 22273 | 21742 | 21949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850968, 13.210%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 27049 | 26402 | 26947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851013, 14.170%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 45195 | 44113 | 44547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851118, 10.030%, 6/15/2028 †x◇ | Best Egg | 6/18/2025 | 27303 | 26683 | 27510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851253, 6.970%, 6/15/2028 †x◇ | Best Egg | 6/18/2025 | 20683 | 20215 | 20578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851328, 13.930%, 10/15/2030 †x# | Best Egg | 6/18/2025 | 29289 | 28584 | 29331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851369, 16.110%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 45419 | 44329 | 45219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851402, 13.300%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 32467 | 31690 | 32830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851415, 10.350%, 6/15/2028 †x◇ | Best Egg | 6/18/2025 | 30143 | 29458 | 30156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851421, 13.320%, 6/15/2030 †x#◇ | Best Egg | 6/18/2025 | 44131 | 43073 | 44664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851487, 4.060%, 6/15/2028 †x◇ | Best Egg | 6/18/2025 | 31529 | 30817 | 31801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851859, 13.200%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 23976 | 23403 | 23886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851907, 20.600%, 6/15/2028 †x◇ | Best Egg | 6/18/2025 | 41385 | 40435 | 41325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2851928, 21.430%, 7/26/2030 †x◇ | Best Egg | 6/18/2025 | 38132 | 37211 | 37808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852259, 12.700%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 24882 | 24287 | 24451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852313, 7.480%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 26662 | 26028 | 26757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852324, 13.790%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 38830 | 37900 | 39258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852457, 7.480%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 23957 | 23387 | 24043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852681, 12.180%, 6/15/2030 †x◇ | Best Egg | 6/18/2025 | 32216 | 31446 | 32648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852702, 15.630%, 7/01/2030 †x#◇ | Best Egg | 6/18/2025 | 38192 | 37273 | 38520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852711, 14.950%, 6/15/2029 †x◇ | Best Egg | 6/18/2025 | 31826 | 31075 | 32411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852786, 7.480%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | 44365 | 43310 | 44189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852898, 12.960%, 7/18/2029 †x◇ | Best Egg | 6/20/2025 | 26038 | 25424 | 26287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2852922, 16.730%, 6/16/2028 †x◇ | Best Egg | 6/20/2025 | 34297 | 33513 | 34578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285351782, 14.160%, 8/12/2029 †§x | Upgrade | 8/15/2024 | 23226 | 23005 | 22689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2853638, 8.440%, 6/16/2029 †x◇ | Best Egg | 6/20/2025 | 36612 | 35755 | 36817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2853676, 17.770%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | 45605 | 44509 | 45293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2853710, 11.590%, 6/16/2028 †x◇ | Best Egg | 6/20/2025 | 31466 | 30750 | 31864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2853862, 16.600%, 7/21/2030 †x◇ | Best Egg | 6/20/2025 | 33228 | 32422 | 33001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2853897, 21.240%, 7/26/2029 †x◇ | Best Egg | 6/20/2025 | 31210 | 30460 | 30963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854055, 20.910%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | 24809 | 24211 | 24493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854071, 15.500%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | 29635 | 28922 | 29019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854110, 17.590%, 6/16/2028 †x◇ | Best Egg | 6/20/2025 | 41054 | 40106 | 40546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854219, 15.630%, 7/18/2030 †x◇ | Best Egg | 6/20/2025 | 32438 | 31658 | 32195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854258, 6.290%, 6/16/2028 †x◇ | Best Egg | 6/20/2025 | 23815 | 23276 | 23737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285430256, 15.600%, 8/12/2029 †§x | Upgrade | 8/15/2024 | 31078 | 30780 | 30388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854304, 7.310%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | 28003 | 27337 | 28107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854468, 14.170%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | 40823 | 39845 | 40240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854491, 19.770%, 8/16/2030 †x# | Best Egg | 6/20/2025 | 29073 | 28372 | 28741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854534, 19.690%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | 36651 | 35768 | 35921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285459504, 14.920%, 8/12/2029 †§x | Upgrade | 8/15/2024 | 38692 | 38323 | 37645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854599, 13.930%, 6/16/2030 †x◇ | Best Egg | 6/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854620, 17.010%, 7/16/2028 †x# | Best Egg | 6/20/2025 | 42756 | 41772 | 42239 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**117** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 285464316, 14.080%, 8/12/2028 †§x | Upgrade | 8/15/2024 | $27566 | $27334 | $26972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854663, 16.360%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 44170 | 43110 | 44699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285479860, 14.630%, 8/12/2029 †§x | Upgrade | 8/15/2024 | 30900 | 30606 | 30224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854872, 18.280%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 35501 | 34648 | 35252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854930, 15.880%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 21280 | 20766 | 21170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2854962, 19.690%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 27488 | 26826 | 26946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285503638, 13.840%, 8/19/2027 †§x | Upgrade | 8/22/2024 | 21521 | 21374 | 21638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855184, 16.360%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 29561 | 28850 | 29840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855349, 21.200%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 36777 | 35891 | 36131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855405, 6.970%, 6/17/2028 †x◇ | Best Egg | 6/20/2025 | 20934 | 20460 | 20826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855534, 10.790%, 8/01/2028 †x◇ | Best Egg | 6/20/2025 | 28376 | 27727 | 28644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855543, 13.710%, 6/17/2028 †x◇ | Best Egg | 6/20/2025 | 31825 | 31099 | 32199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285572883, 15.600%, 8/13/2029 †§x | Upgrade | 8/16/2024 | 27984 | 27715 | 27370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855794, 7.480%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 44365 | 43310 | 44531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285589127, 14.630%, 8/12/2029 †§x | Upgrade | 8/15/2024 | 31287 | 30989 | 30602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855892, 14.190%, 6/17/2028 †x◇ | Best Egg | 6/20/2025 | 27235 | 26614 | 27478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855902, 14.890%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 23784 | 23212 | 23614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285590259, 14.290%, 9/04/2027 †§x | Upgrade | 9/09/2024 | 24386 | 24214 | 24420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2855957, 16.100%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 36529 | 35652 | 36378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856074, 18.630%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 24449 | 23861 | 24026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856101, 8.360%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 25913 | 25296 | 25564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856142, 12.010%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 26768 | 26128 | 26681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856163, 15.220%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 22659 | 22115 | 22569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856371, 29.720%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 23392 | 22825 | 22661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856389, 14.910%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 44427 | 43362 | 44255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856448, 5.890%, 6/17/2029 †x◇ | Best Egg | 6/20/2025 | 42465 | 41474 | 42166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856475, 18.250%, 7/22/2030 †x◇ | Best Egg | 6/20/2025 | 36638 | 35755 | 36351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856563, 16.600%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 28358 | 27677 | 28237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856588, 15.880%, 6/17/2030 †x◇ | Best Egg | 6/20/2025 | 36315 | 35443 | 36166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856743, 21.910%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 46042 | 44927 | 45666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285678153, 12.870%, 8/12/2027 †§x | Upgrade | 8/15/2024 | 24670 | 24505 | 24771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856868, 18.840%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 23192 | 22634 | 23089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2856982, 6.090%, 6/19/2028 †x◇ | Best Egg | 6/23/2025 | 20230 | 19772 | 20150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857182, 4.610%, 6/19/2028 †x◇ | Best Egg | 6/23/2025 | 22109 | 21610 | 21998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857242, 16.850%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 33851 | 33031 | 33591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857269, 25.220%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 44054 | 42988 | 42290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857359, 15.370%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 24027 | 23451 | 23939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857405, 14.490%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 27140 | 26489 | 27045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857439, 16.360%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 30971 | 30225 | 30774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857557, 17.310%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 28022 | 27349 | 27815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857616, 5.840%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 27880 | 27218 | 28000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857629, 15.950%, 7/22/2030 †x◇ | Best Egg | 6/23/2025 | 42867 | 41836 | 42003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857727, 18.730%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 44956 | 43874 | 44659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857825, 13.060%, 6/19/2028 †x◇ | Best Egg | 6/23/2025 | 26370 | 25769 | 26619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857875, 15.630%, 7/25/2030 †x◇ | Best Egg | 6/23/2025 | 35267 | 34419 | 35054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2857985, 7.260%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 27046 | 26401 | 27152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858199, 15.020%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 38049 | 37137 | 37779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858262, 22.390%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 26761 | 26115 | 26541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858439, 12.380%, 6/19/2028 †x◇ | Best Egg | 6/23/2025 | 33940 | 33166 | 34363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858632, 15.630%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 22694 | 22150 | 22376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858633, 24.950%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 35516 | 34657 | 34895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858641, 19.750%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 36656 | 35773 | 36368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858925, 8.840%, 6/19/2029 †x◇ | Best Egg | 6/23/2025 | 22314 | 21791 | 21750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285895373, 15.600%, 8/19/2029 †§x | Upgrade | 8/22/2024 | 22920 | 22699 | 22452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2858984, 13.940%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859055, 17.340%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 43216 | 42177 | 42339 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**118** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859356, 13.710%, 6/19/2028 †x◇ | Best Egg | 6/23/2025 | $40593 | $39667 | $41079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859400, 6.820%, 6/19/2029 †x◇ | Best Egg | 6/23/2025 | 21293 | 20796 | 20744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859509, 13.580%, 6/19/2029 †x◇ | Best Egg | 6/23/2025 | 28478 | 27807 | 28613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859545, 8.400%, 6/19/2029 †x◇ | Best Egg | 6/23/2025 | 23535 | 22984 | 23368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859563, 12.900%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 28004 | 27334 | 28335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859760, 10.440%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 35795 | 34940 | 36252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859767, 19.750%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 19804 | 19327 | 20020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2859994, 9.950%, 6/19/2030 †x◇ | Best Egg | 6/23/2025 | 71491 | 69786 | 72418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2860057, 11.090%, 6/19/2029 †x◇ | Best Egg | 6/23/2025 | 26309 | 25691 | 26662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2860426, 16.850%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 24069 | 23491 | 23894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2860610, 14.200%, 8/22/2028 †x | Best Egg | 6/25/2025 | 26939 | 26319 | 27252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2860618, 11.990%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 53859 | 52571 | 53723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286061976, 15.600%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 22491 | 22273 | 22073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2860707, 14.800%, 6/22/2028 †x#◇ | Best Egg | 6/25/2025 | 20645 | 20170 | 20400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2860748, 7.330%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 35477 | 34633 | 35351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286084250, 15.140%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 25199 | 24963 | 24695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2860973, 15.150%, 8/01/2030 †x#◇ | Best Egg | 6/25/2025 | 39194 | 38249 | 39686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861030, 8.470%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 24896 | 24302 | 24463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861059, 13.480%, 6/22/2028 †x◇ | Best Egg | 6/25/2025 | 21461 | 20971 | 21640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861063, 9.930%, 6/22/2028 †x◇ | Best Egg | 6/25/2025 | 36560 | 35726 | 36837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861225, 17.810%, 6/22/2028 †x◇ | Best Egg | 6/25/2025 | 37473 | 36613 | 37033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286127757, 15.600%, 8/16/2029 †§x | Upgrade | 8/19/2024 | 23324 | 23099 | 22868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286130536, 14.630%, 8/16/2029 †§x | Upgrade | 8/19/2024 | 23176 | 22954 | 22692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861359, 19.280%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 44963 | 43880 | 44406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861429, 18.080%, 6/22/2028 †x◇ | Best Egg | 6/25/2025 | 32881 | 32126 | 32495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861559, 21.200%, 7/25/2030 †x◇ | Best Egg | 6/25/2025 | 36850 | 35957 | 35556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861592, 13.090%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 44854 | 43781 | 44563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861677, 14.290%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 23502 | 22938 | 23816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861718, 10.330%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 40892 | 39915 | 40318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861741, 19.130%, 6/22/2028 †x◇ | Best Egg | 6/25/2025 | 36235 | 35403 | 35312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2861788, 15.030%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 35331 | 34483 | 35792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862073, 9.820%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 22333 | 21800 | 22219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862286, 17.590%, 6/22/2028 †x#◇ | Best Egg | 6/25/2025 | 30256 | 29553 | 29883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286230448, 15.600%, 8/19/2029 †§x | Upgrade | 8/22/2024 | 31078 | 30779 | 30444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862383, 9.950%, 6/22/2030 †x#◇ | Best Egg | 6/25/2025 | 22119 | 21590 | 21725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862430, 11.740%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 40396 | 39426 | 40255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862453, 10.330%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 43680 | 42637 | 43067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862464, 10.300%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 33661 | 32858 | 34104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862492, 16.360%, 8/22/2030 †x# | Best Egg | 6/25/2025 | 20542 | 20047 | 20558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862573, 7.490%, 6/22/2028 †x◇ | Best Egg | 6/25/2025 | 29263 | 28600 | 29510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862882, 14.110%, 6/22/2028 †x#◇ | Best Egg | 6/25/2025 | 34664 | 33871 | 34073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862897, 6.620%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 37008 | 36128 | 36359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862898, 12.620%, 6/22/2028 †x◇ | Best Egg | 6/25/2025 | 28659 | 28005 | 28942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862924, 8.780%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 33400 | 32604 | 33527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2862960, 19.500%, 6/22/2030 †x#◇ | Best Egg | 6/25/2025 | 45794 | 44686 | 45045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286300440, 14.080%, 8/19/2028 †§x | Upgrade | 8/22/2024 | 27566 | 27333 | 27021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863075, 17.770%, 6/22/2030 †x◇ | Best Egg | 6/25/2025 | 27363 | 26705 | 27192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863219, 12.210%, 6/22/2030 †x#◇ | Best Egg | 6/25/2025 | 39002 | 38068 | 38861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863343, 9.530%, 7/26/2030 †x◇ | Best Egg | 6/25/2025 | 20345 | 19858 | 20601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863404, 30.120%, 6/22/2030 †x | Best Egg | 6/25/2025 | 37779 | 36857 | 36383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863634, 9.840%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | 41095 | 40114 | 41017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863792, 28.290%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | 32043 | 31265 | 31050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863809, 25.700%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | 25224 | 24614 | 24243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2863905, 14.700%, 6/23/2028 †x◇ | Best Egg | 6/26/2025 | 40710 | 39779 | 40239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2864008, 16.140%, 6/23/2028 †x◇ | Best Egg | 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2864180, 6.710%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | 36473 | 35606 | 35932 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**119** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2864202, 11.970%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | $44932 | $43858 | $44825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2864479, 15.390%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | 35019 | 34178 | 34908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286488080, 12.970%, 8/20/2029 †§x | Upgrade | 8/23/2024 | 37476 | 37120 | 36505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2865034, 12.700%, 7/26/2030 †x◇ | Best Egg | 6/26/2025 | 41751 | 40751 | 42266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2865236, 16.580%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | 36286 | 35414 | 36125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2865285, 12.490%, 6/23/2030 †x◇ | Best Egg | 6/26/2025 | 30597 | 29865 | 30520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286545196, 13.180%, 8/20/2029 †§x | Upgrade | 8/23/2024 | 29866 | 29582 | 29204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2865537, 10.090%, 6/23/2028 †x◇ | Best Egg | 6/26/2025 | 24286 | 23733 | 24512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2865613, 29.240%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 25708 | 25084 | 24956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286583791, 15.600%, 8/20/2029 †§x | Upgrade | 8/23/2024 | 24535 | 24299 | 24041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2865839, 9.270%, 6/24/2029 †x◇ | Best Egg | 6/27/2025 | 34321 | 33516 | 34090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286588957, 14.290%, 8/26/2027 †§x | Upgrade | 8/26/2024 | 22235 | 22078 | 22397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2866061, 15.880%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 22697 | 22152 | 22573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2866063, 5.880%, 6/24/2028 †x◇ | Best Egg | 6/27/2025 | 27748 | 27120 | 27643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2866175, 14.050%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 36145 | 35279 | 35918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286654683, 13.670%, 8/21/2029 †§x | Upgrade | 8/26/2024 | 23042 | 22823 | 22513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2866673, 18.020%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 45633 | 44535 | 45155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286673978, 14.630%, 8/21/2029 †§x# | Upgrade | 8/26/2024 | 24521 | 24284 | 24018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2866784, 16.140%, 6/24/2028 †x◇ | Best Egg | 6/27/2025 | 40878 | 39941 | 40408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867042, 13.450%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 29773 | 29060 | 29617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867127, 18.760%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 34590 | 33757 | 34347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867181, 20.080%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 22927 | 22375 | 22123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867195, 18.270%, 6/24/2029 †x◇ | Best Egg | 6/27/2025 | 43981 | 42940 | 44169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867220, 15.020%, 6/24/2030 †x#◇ | Best Egg | 6/27/2025 | 35640 | 34782 | 34958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867311, 17.330%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 26393 | 25758 | 26720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867502, 20.080%, 6/24/2030 †x◇ | Best Egg | 6/27/2025 | 45855 | 44749 | 45121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286750831, 15.600%, 8/22/2029 †§x | Upgrade | 8/26/2024 | 30301 | 30008 | 29712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286776454, 14.630%, 8/23/2029 †§x | Upgrade | 8/26/2024 | 23562 | 23336 | 23113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867850, 8.250%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 25568 | 24959 | 25212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867878, 19.690%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 34203 | 33379 | 33799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867911, 9.530%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 37265 | 36374 | 37732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867930, 9.470%, 6/25/2029 †x◇ | Best Egg | 6/30/2025 | 24599 | 24020 | 24425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2867933, 9.380%, 6/25/2029 †x◇ | Best Egg | 6/30/2025 | 42915 | 41908 | 43185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286793822, 14.160%, 8/23/2029 †§x# | Upgrade | 8/26/2024 | 29802 | 29517 | 29153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2868035, 11.020%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 23965 | 23392 | 24282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2868182, 18.730%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 34283 | 33457 | 33665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286834088, 14.630%, 8/23/2029 †§x | Upgrade | 8/26/2024 | 23176 | 22953 | 22734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286838326, 14.630%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 24825 | 24580 | 24371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2868445, 12.310%, 6/25/2028 †x◇ | Best Egg | 6/30/2025 | 23448 | 22913 | 23689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2868461, 14.600%, 6/25/2028 †x#◇ | Best Egg | 6/30/2025 | 24419 | 23860 | 24142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2868663, 20.640%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 33636 | 32825 | 33103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2868708, 13.940%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 38643 | 37716 | 39178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286873102, 15.600%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 31078 | 30777 | 30500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286886189, 14.630%, 8/29/2029 †§x | Upgrade | 8/29/2024 | 23984 | 23749 | 23347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286887934, 14.290%, 8/26/2027 †§x | Upgrade | 8/29/2024 | 24922 | 24747 | 25111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286911813, 14.630%, 8/23/2029 †§x | Upgrade | 8/26/2024 | 30190 | 29900 | 29570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2869177, 16.940%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 22756 | 22209 | 22348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2869279, 13.450%, 6/25/2030 †x◇ | Best Egg | 6/30/2025 | 27085 | 26436 | 26947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286938939, 12.940%, 8/15/2029 †§x# | Upgrade | 8/26/2024 | 38095 | 37731 | 37427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286943863, 15.600%, 8/31/2029 †§x | Upgrade | 9/03/2024 | 30299 | 30005 | 29507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2869519, 10.950%, 6/25/2029 †x◇ | Best Egg | 6/30/2025 | 36086 | 35238 | 35831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2869532, 10.090%, 6/25/2028 †x◇ | Best Egg | 6/30/2025 | 24286 | 23733 | 24517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2869535, 5.640%, 6/25/2028 †x◇ | Best Egg | 6/30/2025 | 25865 | 25280 | 25787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286971828, 12.600%, 8/15/2029 †§x# | Upgrade | 8/29/2024 | 28627 | 28353 | 28045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286976948, 15.600%, 8/31/2029 †§x | Upgrade | 8/29/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2869772, 13.320%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 35987 | 35124 | 36414 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**120** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 286978988, 14.160%, 9/10/2029 †§x# | Upgrade | 8/29/2024 | $30374 | $30076 | $29624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286988638, 15.600%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 31078 | 30777 | 30500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286989157, 15.600%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 31078 | 30777 | 30500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 286992527, 14.630%, 8/26/2029 †§x | Upgrade | 8/29/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2869941, 14.680%, 8/01/2028 †x# | Best Egg | 6/30/2025 | 31460 | 30734 | 31832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287003300, 12.600%, 8/31/2029 †x# | Upgrade | 9/03/2024 | 31105 | 30809 | 23483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2870045, 8.160%, 8/01/2029 †x◇ | Best Egg | 6/30/2025 | 39376 | 38451 | 39548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2870062, 13.690%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 44397 | 43332 | 44841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287018465, 14.630%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 34763 | 34429 | 34128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2870211, 6.450%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 28134 | 27465 | 27958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2870244, 22.830%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 22402 | 21861 | 21936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287025872, 14.630%, 9/04/2029 †§x# | Upgrade | 9/03/2024 | 28308 | 28031 | 27658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287029721, 15.600%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 23308 | 23083 | 22875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2870304, 13.690%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 27331 | 26675 | 27121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287052888, 15.600%, 8/29/2029 †x# | Upgrade | 9/09/2024 | 31357 | 31051 | 25428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287073787, 15.140%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 29444 | 29160 | 28854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287074153, 15.600%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 25249 | 25005 | 24780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287092324, 14.890%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 25920 | 25669 | 25485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287098804, 14.920%, 8/15/2029 †§x | Upgrade | 8/29/2024 | 23817 | 23588 | 23205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871075, 21.390%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 21017 | 20509 | 20687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871146, 20.650%, 8/13/2030 †x◇ | Best Egg | 6/30/2025 | 25653 | 25032 | 24525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287120673, 12.600%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 22892 | 22675 | 22447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287120680, 15.600%, 8/27/2029 †§x | Upgrade | 8/30/2024 | 24940 | 24699 | 24284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871240, 19.950%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 27833 | 27162 | 27200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871344, 20.910%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 24261 | 23675 | 23882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871364, 13.820%, 8/01/2030 †x◇ | Best Egg | 6/30/2025 | 27538 | 26877 | 27319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871393, 20.970%, 8/01/2028 †x◇ | Best Egg | 6/30/2025 | 42741 | 41753 | 41518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287140928, 15.600%, 8/28/2029 †§x | Upgrade | 8/29/2024 | 34170 | 33840 | 33261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871496, 18.760%, 9/01/2030 †x# | Best Egg | 6/30/2025 | 34603 | 33768 | 34428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871599, 13.300%, 7/01/2030 †x# | Best Egg | 7/02/2025 | 25661 | 25041 | 25767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287169326, 15.140%, 9/06/2029 †§x | Upgrade | 9/09/2024 | 31539 | 31233 | 30724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287176248, 15.140%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 24795 | 24556 | 24298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287183431, 10.650%, 8/26/2029 †§x# | Upgrade | 8/29/2024 | 24120 | 23892 | 23652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2871843, 14.630%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 22961 | 22410 | 22701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287198599, 15.060%, 8/27/2028 †§x | Upgrade | 8/30/2024 | 31204 | 30936 | 30371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872228, 19.350%, 11/01/2029 †x# | Best Egg | 7/02/2025 | 20946 | 20446 | 21000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287229695, 12.970%, 8/26/2029 †§x | Upgrade | 8/29/2024 | 38240 | 37877 | 37280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872323, 15.390%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 23002 | 22449 | 22802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872377, 13.450%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 42037 | 41029 | 41500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287252910, 15.600%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 31078 | 30777 | 30276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287255984, 15.600%, 8/30/2029 †§x | Upgrade | 9/03/2024 | 23295 | 23067 | 22685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872591, 14.040%, 8/01/2028 †x◇ | Best Egg | 7/02/2025 | 34780 | 33982 | 34655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872612, 14.660%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 23231 | 22673 | 23137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287261376, 14.160%, 8/27/2029 †§x | Upgrade | 8/30/2024 | 26962 | 26704 | 26238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287261492, 13.840%, 8/27/2027 †§x | Upgrade | 8/30/2024 | 22080 | 21926 | 22102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872684, 12.830%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 23778 | 23208 | 23839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287275097, 14.160%, 8/31/2029 †§x | Upgrade | 8/30/2024 | 23137 | 22911 | 22506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287276546, 14.630%, 8/27/2029 †§x | Upgrade | 8/30/2024 | 27038 | 26778 | 26333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872790, 13.040%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 26660 | 26021 | 26321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872874, 12.460%, 7/01/2030 †x#◇ | Best Egg | 7/02/2025 | 44600 | 43530 | 44400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287292209, 14.630%, 8/31/2029 †§x | Upgrade | 9/03/2024 | 29647 | 29276 | 28854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2872996, 12.730%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 45716 | 44621 | 45863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287315853, 15.140%, 8/27/2029 †§x | Upgrade | 8/30/2024 | 24469 | 24233 | 23806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2873178, 17.290%, 8/16/2029 †x◇ | Best Egg | 7/02/2025 | 22919 | 22376 | 22647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2873180, 11.840%, 8/01/2029 †x◇ | Best Egg | 7/02/2025 | 35313 | 34481 | 35243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2873354, 16.900%, 8/01/2028 †x◇ | Best Egg | 7/02/2025 | 26800 | 26183 | 26378 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**121** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2873457, 11.800%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | $22745 | $22200 | $22662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287352037, 15.600%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 30301 | 30007 | 29519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2873564, 6.290%, 8/01/2028 †x◇ | Best Egg | 7/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287356701, 13.670%, 8/27/2029 †§x | Upgrade | 8/30/2024 | 23042 | 22822 | 22368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287373998, 14.290%, 8/28/2027 †§x | Upgrade | 9/03/2024 | 20391 | 20249 | 20403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287392845, 15.600%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 34963 | 34624 | 34061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2873941, 6.280%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 37469 | 36577 | 37366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287406259, 14.630%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 25484 | 25238 | 24829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287406350, 14.160%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 22725 | 22507 | 22126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874157, 21.390%, 8/15/2030 †x◇ | Best Egg | 7/02/2025 | 43455 | 42392 | 42579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287416104, 14.290%, 8/29/2027 †§x | Upgrade | 9/03/2024 | 22129 | 21975 | 22139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874179, 13.820%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 24942 | 24343 | 24732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874282, 20.430%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 23257 | 22696 | 22819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287430077, 14.290%, 8/28/2027 †§x | Upgrade | 9/03/2024 | 24906 | 24733 | 24920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874309, 3.920%, 8/01/2028 †x#◇ | Best Egg | 7/02/2025 | 24735 | 24173 | 24630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287433678, 15.060%, 8/30/2028 †§x | Upgrade | 9/03/2024 | 22863 | 22666 | 22256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874349, 0.000%, 9/01/2028 †x◇ | Best Egg | 7/02/2025 | 41883 | 40917 | 36320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287440550, 12.600%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 22892 | 22674 | 22413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287445080, 15.600%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 27970 | 27699 | 27249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874464, 14.170%, 6/01/2029 †x◇ | Best Egg | 7/02/2025 | 23010 | 22465 | 22814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287450467, 14.630%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 22014 | 21802 | 21452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874566, 15.630%, 8/10/2030 †x◇ | Best Egg | 7/02/2025 | 31161 | 30407 | 31033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287456684, 15.600%, 9/04/2029 †§x | Upgrade | 9/09/2024 | 29248 | 28963 | 28514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287457673, 15.600%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 27193 | 26930 | 26492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874583, 16.520%, 8/01/2028 †x◇ | Best Egg | 7/02/2025 | 42174 | 41203 | 41667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287458955, 15.600%, 8/28/2029 †§x | Upgrade | 9/03/2024 | 28311 | 28036 | 27629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287461167, 15.600%, 8/30/2029 †§x | Upgrade | 9/03/2024 | 23287 | 23061 | 22678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874615, 11.830%, 8/01/2030 †x◇ | Best Egg | 7/02/2025 | 45013 | 43935 | 44853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874637, 6.940%, 7/01/2030 †x◇ | Best Egg | 7/02/2025 | 41990 | 40990 | 41840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2874645, 11.000%, 8/01/2030 †x | Best Egg | 7/02/2025 | 22989 | 22439 | 23073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287468329, 15.140%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 29054 | 28771 | 28275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287469007, 14.630%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 26061 | 25810 | 25391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287471834, 15.060%, 8/28/2028 †§x | Upgrade | 9/03/2024 | 22883 | 22686 | 22283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287477025, 15.140%, 8/30/2029 †§x | Upgrade | 9/03/2024 | 21680 | 21469 | 21095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875004, 20.460%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 46486 | 45364 | 45183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287512562, 15.600%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 31064 | 30763 | 30257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287513655, 15.140%, 9/05/2029 †§x | Upgrade | 9/09/2024 | 27202 | 26939 | 26429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287519405, 14.630%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 27799 | 27531 | 27084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287524047, 15.600%, 9/03/2029 †§x | Upgrade | 9/06/2024 | 21292 | 21085 | 20783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287525971, 14.160%, 8/31/2029 †§x | Upgrade | 9/03/2024 | 26943 | 26683 | 26228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875262, 17.800%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 24985 | 24383 | 24612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287529527, 11.890%, 8/29/2027 †§x | Upgrade | 9/03/2024 | 26403 | 26222 | 26243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875328, 17.060%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 21230 | 20719 | 20953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287535269, 15.060%, 8/29/2028 †§x | Upgrade | 9/03/2024 | 22873 | 22676 | 22270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287536818, 14.630%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 27799 | 27531 | 27084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287538258, 14.630%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 30887 | 30590 | 30093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875389, 13.940%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 32996 | 32205 | 32576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875412, 11.740%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 45589 | 44498 | 45750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287550811, 15.140%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 22132 | 21918 | 21539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875561, 9.990%, 8/08/2030 †x◇ | Best Egg | 7/03/2025 | 28206 | 27532 | 28116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875688, 21.390%, 8/01/2030 †x | Best Egg | 7/03/2025 | 42791 | 41755 | 42008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287569778, 12.970%, 8/29/2029 †§x | Upgrade | 9/03/2024 | 26758 | 26503 | 26010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875715, 20.080%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 46450 | 45329 | 45147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875777, 18.990%, 8/16/2030 †x◇ | Best Egg | 7/03/2025 | 37419 | 36517 | 36328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875798, 10.820%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 34968 | 34131 | 34849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2875912, 16.110%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 46055 | 44948 | 46165 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**122** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876051, 22.490%, 8/01/2028 †x◇ | Best Egg | 7/03/2025 | $28868 | $28200 | $28214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876076, 16.600%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 24785 | 24189 | 24418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876274, 21.200%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 20667 | 20168 | 20679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876288, 21.770%, 8/01/2028 †x◇ | Best Egg | 7/03/2025 | 22117 | 21605 | 21616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876416, 12.080%, 9/01/2028 †x# | Best Egg | 7/03/2025 | 34030 | 33248 | 33939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876654, 15.870%, 8/01/2030 †x◇ | Best Egg | 7/03/2025 | 45110 | 44026 | 45194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287679620, 15.140%, 9/03/2029 †§x | Upgrade | 9/06/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876823, 11.830%, 7/01/2030 †x◇ | Best Egg | 7/07/2025 | 33358 | 32556 | 33219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876834, 12.620%, 7/01/2028 †x◇ | Best Egg | 7/07/2025 | 26620 | 26013 | 26572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2876936, 19.540%, 7/01/2028 †x◇ | Best Egg | 7/07/2025 | 21666 | 21168 | 21391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287694527, 12.630%, 8/30/2028 †§x | Upgrade | 9/03/2024 | 23880 | 23677 | 23546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877011, 11.590%, 7/01/2028 †x◇ | Best Egg | 7/07/2025 | 41598 | 40649 | 41528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877105, 23.000%, 7/01/2029 †x◇ | Best Egg | 7/07/2025 | 22627 | 22087 | 21514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877119, 7.480%, 8/08/2030 †x◇ | Best Egg | 7/07/2025 | 31355 | 30608 | 31136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877133, 12.500%, 7/01/2028 †x◇ | Best Egg | 7/07/2025 | 26471 | 25867 | 26316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287733783, 15.600%, 9/04/2029 †§x | Upgrade | 9/09/2024 | 22133 | 21918 | 21578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877434, 11.020%, 8/01/2030 †x◇ | Best Egg | 7/07/2025 | 32824 | 32037 | 32948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877458, 15.150%, 8/01/2030 †x◇ | Best Egg | 7/07/2025 | 43974 | 42918 | 43332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287748815, 15.140%, 9/03/2029 †§x | Upgrade | 9/06/2024 | 33912 | 33583 | 33034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877493, 17.190%, 8/01/2030 †x◇ | Best Egg | 7/07/2025 | 44190 | 43127 | 43800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877536, 22.830%, 7/01/2030 †x◇ | Best Egg | 7/07/2025 | 20926 | 20420 | 20436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877595, 12.140%, 7/01/2028 †x◇ | Best Egg | 7/07/2025 | 29664 | 28987 | 29643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2877656, 20.850%, 8/19/2028 †x◇ | Best Egg | 7/07/2025 | 37711 | 36830 | 36847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287786814, 15.600%, 9/03/2029 †§x | Upgrade | 9/06/2024 | 31619 | 31312 | 30806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878056, 12.240%, 8/01/2030 †x◇ | Best Egg | 7/07/2025 | 32428 | 31651 | 32315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878369, 7.870%, 7/01/2028 †x◇ | Best Egg | 7/07/2025 | 40273 | 39358 | 40113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287837061, 15.600%, 9/03/2029 †§x | Upgrade | 9/06/2024 | 26086 | 25832 | 25415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878399, 15.150%, 8/01/2030 †x◇ | Best Egg | 7/07/2025 | 36118 | 35250 | 36193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878411, 23.990%, 7/01/2030 †x#◇ | Best Egg | 7/07/2025 | 40048 | 39071 | 38811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287853834, 15.600%, 9/03/2029 †§x | Upgrade | 9/06/2024 | 22133 | 21918 | 21564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878576, 6.290%, 7/01/2028 †x◇ | Best Egg | 7/07/2025 | 29116 | 28456 | 28998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878732, 11.520%, 8/01/2030 †x◇ | Best Egg | 7/07/2025 | 24618 | 24029 | 24708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 287875148, 15.060%, 9/03/2028 †§x | Upgrade | 9/06/2024 | 22786 | 22589 | 22191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878776, 18.280%, 8/01/2030 †x◇ | Best Egg | 7/07/2025 | 37493 | 36590 | 37078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2878968, 8.310%, 8/02/2030 †x◇ | Best Egg | 7/07/2025 | 21616 | 21100 | 21379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2879063, 9.450%, 8/12/2030 †x◇ | Best Egg | 7/07/2025 | 35453 | 34607 | 35063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2879415, 12.810%, 7/02/2030 †x◇ | Best Egg | 7/07/2025 | 34733 | 33898 | 34814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2879534, 6.970%, 7/02/2028 †x#◇ | Best Egg | 7/07/2025 | 29519 | 28849 | 29478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2879612, 6.630%, 7/02/2028 †x◇ | Best Egg | 7/07/2025 | 24628 | 24069 | 24529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2879763, 13.690%, 7/02/2029 †x#◇ | Best Egg | 7/07/2025 | 26571 | 25941 | 26818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2879917, 10.850%, 7/02/2030 †x◇ | Best Egg | 7/07/2025 | 45458 | 44371 | 45274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2879954, 17.800%, 8/16/2030 †x◇ | Best Egg | 7/07/2025 | 46316 | 45201 | 45641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880050, 14.890%, 8/02/2030 †x◇ | Best Egg | 7/07/2025 | 43611 | 42564 | 43154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880054, 6.710%, 7/02/2030 †x#◇ | Best Egg | 7/07/2025 | 25955 | 25337 | 25865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880158, 13.090%, 7/02/2030 †x#◇ | Best Egg | 7/07/2025 | 22664 | 22121 | 22457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880361, 18.550%, 8/02/2030 †x◇ | Best Egg | 7/07/2025 | 36865 | 35977 | 36076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288042123, 14.630%, 9/12/2029 †§x | Upgrade | 9/16/2024 | 25160 | 24916 | 24584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288042495, 15.140%, 9/03/2029 †§x | Upgrade | 9/06/2024 | 24050 | 23817 | 23411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880454, 10.530%, 8/02/2029 †x◇ | Best Egg | 7/07/2025 | 36823 | 35956 | 36766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880480, 9.450%, 8/02/2030 †x◇ | Best Egg | 7/07/2025 | 27190 | 26541 | 26891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880712, 7.140%, 7/02/2030 †x◇ | Best Egg | 7/07/2025 | 35995 | 35137 | 35867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288074932, 15.600%, 9/13/2029 †§x | Upgrade | 9/06/2024 | 23023 | 22795 | 22494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2880972, 8.290%, 8/04/2030 †x◇ | Best Egg | 7/08/2025 | 29415 | 28714 | 29558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2881306, 11.760%, 8/04/2030 †x◇ | Best Egg | 7/08/2025 | 24388 | 23804 | 24311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2881360, 8.780%, 7/04/2030 †x◇ | Best Egg | 7/08/2025 | 23755 | 23188 | 23671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2881504, 17.620%, 8/15/2030 †x◇ | Best Egg | 7/08/2025 | 45543 | 44446 | 44889 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**123** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2881511, 17.800%, 8/04/2030 †x◇ | Best Egg | 7/08/2025 | $46200 | $45088 | $45709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2881667, 12.620%, 8/18/2028 †x◇ | Best Egg | 7/08/2025 | 32483 | 31741 | 32515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288167709, 14.160%, 9/05/2029 †§x# | Upgrade | 9/09/2024 | 23377 | 23152 | 22786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288172652, 15.140%, 9/04/2029 †§x | Upgrade | 9/09/2024 | 30750 | 30452 | 29951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2881768, 12.830%, 8/15/2030 †x◇ | Best Egg | 7/08/2025 | 29215 | 28514 | 29302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288188366, 15.600%, 8/25/2029 †§x | Upgrade | 9/09/2024 | 21605 | 21395 | 21285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288203826, 14.630%, 9/04/2029 †§x | Upgrade | 9/09/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288213642, 15.140%, 9/09/2029 †§x | Upgrade | 9/12/2024 | 24048 | 23816 | 23445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288219621, 15.140%, 9/04/2029 †§x | Upgrade | 9/09/2024 | 27202 | 26939 | 26495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288220539, 14.630%, 9/05/2029 †§x | Upgrade | 9/09/2024 | 31450 | 31146 | 30673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2882484, 13.810%, 8/04/2030 †x◇ | Best Egg | 7/08/2025 | 45794 | 44695 | 45919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2882552, 9.470%, 8/06/2029 †x◇ | Best Egg | 7/09/2025 | 34197 | 33393 | 34252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288288769, 15.060%, 9/10/2028 †§x | Upgrade | 9/13/2024 | 24922 | 24707 | 24316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2883035, 7.920%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 45142 | 44066 | 45291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2883461, 7.260%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 45065 | 43991 | 44596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2883489, 16.770%, 7/06/2029 †x◇ | Best Egg | 7/09/2025 | 21425 | 20918 | 21406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2883516, 13.690%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 39378 | 38433 | 38906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2883535, 7.490%, 7/06/2028 †x◇ | Best Egg | 7/09/2025 | 28801 | 28147 | 28813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2883625, 7.480%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 30836 | 30101 | 30515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288404760, 14.650%, 9/05/2028 †§x | Upgrade | 9/09/2024 | 31966 | 31690 | 31185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2884216, 16.850%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 28783 | 28090 | 28428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288435551, 15.600%, 9/09/2029 †§x | Upgrade | 9/12/2024 | 22054 | 21840 | 21522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2884387, 6.380%, 8/06/2029 †x◇ | Best Egg | 7/09/2025 | 21743 | 21233 | 21795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2884520, 14.890%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 20272 | 19785 | 20114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2884537, 15.620%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 24987 | 24387 | 24636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2884622, 15.730%, 8/06/2029 †x◇ | Best Egg | 7/09/2025 | 40073 | 39125 | 39770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2884706, 25.430%, 8/06/2030 †x◇ | Best Egg | 7/09/2025 | 36111 | 35237 | 35094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2884990, 17.000%, 8/26/2028 †x#◇ | Best Egg | 7/10/2025 | 21933 | 21423 | 21702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2885398, 9.850%, 7/07/2028 †x◇ | Best Egg | 7/10/2025 | 23602 | 23064 | 23605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2885409, 21.040%, 8/07/2030 †x◇ | Best Egg | 7/10/2025 | 37207 | 36309 | 36561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288546438, 12.600%, 9/17/2029 †§x | Upgrade | 9/12/2024 | 33686 | 33364 | 32990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2885741, 14.900%, 8/13/2030 †x◇ | Best Egg | 7/10/2025 | 23020 | 22467 | 22745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2885803, 16.720%, 7/07/2028 †x◇ | Best Egg | 7/10/2025 | 42145 | 41179 | 41209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2885824, 17.800%, 8/07/2030 †x◇ | Best Egg | 7/10/2025 | 45276 | 44186 | 44638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2885848, 20.770%, 7/07/2028 †x◇ | Best Egg | 7/10/2025 | 42561 | 41581 | 41374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2885921, 10.610%, 7/07/2028 †x◇ | Best Egg | 7/10/2025 | 22405 | 21894 | 22320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886174, 11.760%, 7/07/2028 †x◇ | Best Egg | 7/10/2025 | 20808 | 20333 | 20727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886252, 14.910%, 8/07/2030 †x◇ | Best Egg | 7/10/2025 | 25643 | 25028 | 25714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886486, 11.990%, 8/16/2030 †x◇ | Best Egg | 7/10/2025 | 53757 | 52470 | 53132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886505, 9.320%, 8/18/2028 †x◇ | Best Egg | 7/10/2025 | 20739 | 20263 | 20720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886519, 9.050%, 7/07/2028 †x◇ | Best Egg | 7/10/2025 | 23965 | 23419 | 24000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886522, 13.940%, 8/07/2030 †x◇ | Best Egg | 7/10/2025 | 27485 | 26825 | 27218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886559, 18.100%, 8/07/2030 †x◇ | Best Egg | 7/10/2025 | 46229 | 45116 | 45577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886687, 16.100%, 9/03/2030 †x◇ | Best Egg | 7/11/2025 | 23019 | 22461 | 22808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886712, 13.300%, 9/01/2030 †x#◇ | Best Egg | 7/11/2025 | 36498 | 35620 | 36681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886732, 19.950%, 7/08/2030 †x#◇ | Best Egg | 7/11/2025 | 46281 | 45165 | 45425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886836, 13.450%, 9/08/2030 †x# | Best Egg | 7/11/2025 | 26134 | 25507 | 26021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886858, 15.390%, 8/19/2030 †x◇ | Best Egg | 7/11/2025 | 45284 | 44196 | 44748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2886946, 20.370%, 7/08/2028 †x◇ | Best Egg | 7/11/2025 | 23727 | 23181 | 23203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887050, 21.200%, 8/08/2030 †x◇ | Best Egg | 7/11/2025 | 23262 | 22700 | 22862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887064, 16.580%, 8/08/2030 †x◇ | Best Egg | 7/11/2025 | 36863 | 35977 | 36576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887074, 16.100%, 8/08/2030 †x◇ | Best Egg | 7/11/2025 | 36824 | 35939 | 36460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887104, 14.180%, 7/08/2030 †x#◇ | Best Egg | 7/11/2025 | 22371 | 21832 | 22043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887544, 17.290%, 8/08/2030 †x◇ | Best Egg | 7/11/2025 | 27691 | 27025 | 27412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887580, 9.890%, 8/08/2030 †x◇ | Best Egg | 7/11/2025 | 40614 | 39644 | 40514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887583, 16.240%, 7/08/2028 †x◇ | Best Egg | 7/11/2025 | 23498 | 22955 | 22972 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**124** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887637, 13.970%, 7/08/2028 †x#◇ | Best Egg | 7/11/2025 | $30281 | $29579 | $30152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887691, 14.950%, 9/03/2028 †x◇ | Best Egg | 7/11/2025 | 22440 | 21922 | 22303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2887832, 8.870%, 7/08/2028 †x◇ | Best Egg | 7/11/2025 | 40472 | 39552 | 40488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2888250, 10.250%, 7/08/2028 †x◇ | Best Egg | 7/11/2025 | 40828 | 39897 | 40664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2888404, 9.790%, 7/08/2030 †x#◇ | Best Egg | 7/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2888448, 8.740%, 8/08/2030 †x◇ | Best Egg | 7/11/2025 | 21713 | 21195 | 21825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2888595, 13.690%, 8/08/2030 †x◇ | Best Egg | 7/11/2025 | 22891 | 22342 | 22724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288897220, 15.600%, 9/10/2029 †§x | Upgrade | 9/13/2024 | 35571 | 35226 | 34722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288933913, 10.650%, 9/11/2029 †§x | Upgrade | 9/16/2024 | 26893 | 26638 | 26342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288940924, 11.980%, 9/18/2027 †§x | Upgrade | 9/23/2024 | 28609 | 28409 | 28454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288961673, 14.160%, 9/25/2029 †§x | Upgrade | 9/13/2024 | 21758 | 21549 | 21253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288982527, 15.140%, 9/11/2029 †§x | Upgrade | 9/16/2024 | 39424 | 39042 | 38466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 288996565, 12.090%, 9/19/2029 †§x | Upgrade | 9/16/2024 | 29650 | 29366 | 29100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289013043, 11.980%, 9/11/2027 †§x | Upgrade | 9/16/2024 | 27467 | 27276 | 27305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289047501, 14.630%, 9/11/2029 †§x | Upgrade | 9/16/2024 | 39312 | 38932 | 38409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289059151, 15.140%, 9/17/2029 †§x | Upgrade | 9/20/2024 | 22554 | 22334 | 22032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289155369, 12.480%, 9/18/2027 †§x | Upgrade | 9/23/2024 | 22961 | 22799 | 22834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289261957, 12.600%, 9/13/2029 †§x | Upgrade | 9/16/2024 | 23764 | 23536 | 23277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289262190, 15.140%, 9/20/2029 †§x | Upgrade | 9/16/2024 | 23756 | 23523 | 23225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289319179, 14.160%, 9/15/2029 †§x# | Upgrade | 9/16/2024 | 27431 | 27164 | 26944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289325064, 15.060%, 9/13/2028 †§x | Upgrade | 9/16/2024 | 31687 | 31412 | 30940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289356251, 11.980%, 9/18/2027 †§x | Upgrade | 9/23/2024 | 28609 | 28409 | 28454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289361032, 15.600%, 9/16/2029 †§x | Upgrade | 9/19/2024 | 34781 | 34442 | 34004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289380722, 15.600%, 9/02/2029 †§x# | Upgrade | 9/19/2024 | 31802 | 31488 | 31027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289447257, 15.140%, 9/16/2029 †§x | Upgrade | 9/19/2024 | 25783 | 25533 | 25180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289473844, 15.600%, 9/17/2029 †§x | Upgrade | 9/20/2024 | 28457 | 28180 | 27829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289496659, 14.920%, 9/22/2029 †§x | Upgrade | 9/19/2024 | 37355 | 36990 | 36374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289558576, 15.140%, 9/16/2029 †§x | Upgrade | 9/19/2024 | 23260 | 23034 | 22716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289590713, 14.890%, 9/17/2029 †§x | Upgrade | 9/20/2024 | 39369 | 38987 | 38667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289619651, 15.140%, 9/17/2029 †§x# | Upgrade | 9/20/2024 | 32081 | 31769 | 31341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289627676, 15.600%, 9/17/2029 †§x | Upgrade | 9/20/2024 | 23714 | 23483 | 23191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289675026, 14.890%, 9/17/2029 †§x# | Upgrade | 9/20/2024 | 25354 | 25107 | 25009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289722801, 15.600%, 9/17/2029 †§x | Upgrade | 9/20/2024 | 23782 | 23548 | 23259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289723617, 15.600%, 9/18/2029 †§x | Upgrade | 9/23/2024 | 24110 | 23874 | 23592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289730620, 14.630%, 9/05/2029 †§x# | Upgrade | 9/23/2024 | 38919 | 38539 | 38118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289782708, 14.290%, 9/19/2027 †§x | Upgrade | 9/23/2024 | 26127 | 25942 | 26269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289820982, 11.980%, 9/18/2027 †§x | Upgrade | 9/23/2024 | 23174 | 23011 | 23048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289894407, 14.290%, 9/19/2027 †§x | Upgrade | 9/23/2024 | 26127 | 25942 | 26269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289909074, 15.600%, 9/30/2029 †§x | Upgrade | 9/23/2024 | 29841 | 29549 | 28974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289918121, 14.630%, 9/19/2029 †§x | Upgrade | 9/23/2024 | 22801 | 22580 | 22320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 289972562, 14.650%, 9/20/2028 †§x | Upgrade | 9/23/2024 | 21310 | 21125 | 20856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290167538, 12.600%, 9/27/2029 †§x | Upgrade | 9/30/2024 | 36816 | 36460 | 36042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290182761, 12.870%, 9/23/2027 †§x | Upgrade | 9/26/2024 | 24744 | 24566 | 24907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290207937, 14.630%, 9/26/2029 †§x | Upgrade | 9/30/2024 | 35368 | 35021 | 34752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290241291, 13.320%, 9/23/2027 †§x | Upgrade | 9/26/2024 | 25969 | 25782 | 26144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290266240, 14.080%, 9/09/2028 †§x | Upgrade | 9/26/2024 | 28058 | 27813 | 27509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290270255, 15.600%, 9/23/2029 †§x | Upgrade | 9/26/2024 | 27667 | 27395 | 27099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290271329, 15.140%, 9/23/2029 †§x | Upgrade | 9/26/2024 | 30593 | 30293 | 29929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290273943, 15.600%, 9/23/2029 †x# | Upgrade | 9/26/2024 | 37033 | 36669 | 29565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290275269, 12.230%, 9/23/2028 †§x# | Upgrade | 9/26/2024 | 21782 | 21593 | 21637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290305263, 15.600%, 9/23/2029 †§x | Upgrade | 9/26/2024 | 27113 | 26847 | 26557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290314465, 15.600%, 9/23/2029 †§x | Upgrade | 9/26/2024 | 35577 | 35226 | 34847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290459310, 12.970%, 9/27/2029 †§x | Upgrade | 9/30/2024 | 22999 | 22776 | 22416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290489614, 15.600%, 9/25/2029 †§x | Upgrade | 9/30/2024 | 21738 | 21524 | 21311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290548466, 15.060%, 9/25/2028 †§x | Upgrade | 9/30/2024 | 28482 | 28231 | 27906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290645067, 15.600%, 9/27/2029 †§x | Upgrade | 9/30/2024 | 25869 | 25545 | 25392 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**125** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 290659606, 15.600%, 9/27/2029 †x# | Upgrade | 9/30/2024 | $38552 | $38172 | $30443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290683846, 13.670%, 9/26/2029 †§x | Upgrade | 9/30/2024 | 31282 | 30977 | 30645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290715280, 12.830%, 9/30/2027 †§x | Upgrade | 10/03/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290757778, 12.380%, 9/30/2027 †§x | Upgrade | 10/03/2024 | 25795 | 25608 | 25684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290772469, 13.670%, 10/01/2029 †§x | Upgrade | 10/03/2024 | 35851 | 35501 | 34746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290777842, 15.140%, 9/27/2029 †§x | Upgrade | 9/30/2024 | 31539 | 31229 | 30661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290887622, 12.380%, 9/30/2027 †§x | Upgrade | 10/03/2024 | 28661 | 28454 | 28644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 290992711, 16.110%, 10/07/2029 †§x | Upgrade | 10/10/2024 | 22496 | 22273 | 21840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291018121, 16.290%, 10/07/2027 †§x | Upgrade | 10/10/2024 | 20712 | 20557 | 20590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291068652, 15.140%, 9/30/2029 †§x | Upgrade | 10/03/2024 | 28597 | 28315 | 27720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291114308, 13.670%, 10/17/2029 †§x | Upgrade | 10/07/2024 | 23664 | 23430 | 22924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291156191, 13.670%, 10/04/2029 †§x | Upgrade | 10/07/2024 | 35831 | 35480 | 34757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291199019, 15.140%, 10/24/2029 †§x | Upgrade | 10/28/2024 | 28085 | 27805 | 27371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291328995, 14.140%, 9/30/2029 †§x# | Upgrade | 10/07/2024 | 31122 | 30817 | 30243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291330558, 14.140%, 10/02/2029 †§x | Upgrade | 10/07/2024 | 31929 | 31617 | 30987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291366610, 13.840%, 10/02/2027 †§x | Upgrade | 10/07/2024 | 27283 | 27083 | 27113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291377310, 16.110%, 9/27/2029 †§x | Upgrade | 10/10/2024 | 23279 | 23047 | 22569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291381694, 15.600%, 10/02/2029 †§x | Upgrade | 10/07/2024 | 31692 | 31379 | 30721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291415041, 15.140%, 10/02/2029 †§x | Upgrade | 10/07/2024 | 28159 | 27880 | 27233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291422753, 15.600%, 10/17/2029 †§x | Upgrade | 10/07/2024 | 25192 | 24936 | 24510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291433758, 15.060%, 10/02/2028 †§x | Upgrade | 10/07/2024 | 29239 | 28980 | 28350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291450781, 14.140%, 10/03/2029 †§x | Upgrade | 10/07/2024 | 24905 | 24661 | 24154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291498922, 17.580%, 10/22/2029 †§x | Upgrade | 10/21/2024 | 20834 | 20621 | 20285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291499064, 15.600%, 10/08/2029 †§x | Upgrade | 10/11/2024 | 24554 | 24311 | 23829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291570780, 15.310%, 10/04/2027 †§x | Upgrade | 10/07/2024 | 27561 | 27357 | 27386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291590245, 14.920%, 10/16/2029 †§x | Upgrade | 10/18/2024 | 26935 | 26669 | 26413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291620212, 13.670%, 10/04/2029 †§x | Upgrade | 10/07/2024 | 24683 | 24442 | 23884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291692214, 16.110%, 10/04/2029 †§x | Upgrade | 10/07/2024 | 32259 | 31939 | 31294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291693481, 15.600%, 10/04/2029 †§x | Upgrade | 10/07/2024 | 31370 | 31060 | 30414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291790005, 15.060%, 10/07/2028 †§x | Upgrade | 10/10/2024 | 29239 | 28979 | 28373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291813234, 15.600%, 10/07/2029 †§x | Upgrade | 10/10/2024 | 27518 | 27245 | 26699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291845403, 15.600%, 10/08/2029 †§x | Upgrade | 10/11/2024 | 20921 | 20714 | 20313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291849918, 10.520%, 10/07/2027 †§x | Upgrade | 10/10/2024 | 29715 | 29500 | 29871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291867863, 14.140%, 10/07/2029 †§x | Upgrade | 10/10/2024 | 26342 | 26083 | 25568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291870944, 14.140%, 10/07/2029 †§x | Upgrade | 10/10/2024 | 23947 | 23712 | 23244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291877049, 17.580%, 9/23/2029 †§x | Upgrade | 10/10/2024 | 22923 | 22693 | 22468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291882410, 15.600%, 10/07/2029 †§x | Upgrade | 10/10/2024 | 24453 | 24211 | 23725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291917278, 17.580%, 10/14/2029 †§x | Upgrade | 10/10/2024 | 22039 | 21813 | 21429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291940791, 16.110%, 10/07/2029 †§x | Upgrade | 10/10/2024 | 32259 | 31939 | 31319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 291971017, 14.140%, 10/07/2029 †§x | Upgrade | 10/10/2024 | 21426 | 21216 | 20813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292006472, 14.920%, 10/08/2029 †§x | Upgrade | 10/11/2024 | 36068 | 35713 | 35330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292039942, 13.590%, 10/08/2028 †§x | Upgrade | 10/11/2024 | 21750 | 21558 | 21114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292057066, 15.600%, 10/08/2029 †§x | Upgrade | 10/11/2024 | 36196 | 35838 | 35128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292074612, 15.600%, 10/08/2029 †§x | Upgrade | 10/11/2024 | 21167 | 20958 | 20542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292087847, 16.110%, 10/08/2029 †§x | Upgrade | 10/11/2024 | 23384 | 23152 | 22722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292090617, 17.060%, 10/11/2028 †§x | Upgrade | 10/15/2024 | 29560 | 29293 | 28681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292094251, 14.290%, 10/11/2027 †x | Upgrade | 10/15/2024 | 29153 | 28912 | 22765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292118441, 15.600%, 10/08/2029 †§x | Upgrade | 10/11/2024 | 23326 | 23095 | 22656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292249572, 16.110%, 10/22/2029 †§x | Upgrade | 10/18/2024 | 32369 | 32039 | 31551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292262135, 12.600%, 10/10/2029 †§x | Upgrade | 10/15/2024 | 24135 | 23833 | 23810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292264684, 15.600%, 10/18/2029 †§x | Upgrade | 10/21/2024 | 34451 | 34108 | 33516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292276969, 16.110%, 10/18/2029 †§x | Upgrade | 10/15/2024 | 24543 | 24292 | 23907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292306866, 14.650%, 10/22/2029 †§x | Upgrade | 10/18/2024 | 28924 | 28631 | 28630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292338255, 16.110%, 10/10/2029 †§x | Upgrade | 10/15/2024 | 21223 | 21012 | 20628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292357343, 12.090%, 10/10/2029 †§x | Upgrade | 10/15/2024 | 35525 | 35179 | 34538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292362414, 12.600%, 10/10/2029 †§x | Upgrade | 10/15/2024 | 23749 | 23518 | 23431 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**126** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 292421528, 13.180%, 10/11/2029 †§x# | Upgrade | 10/15/2024 | $34057 | $33723 | $33510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292430810, 14.290%, 10/11/2027 †§x | Upgrade | 10/15/2024 | 27356 | 27152 | 27254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292439733, 9.530%, 10/11/2027 †§x | Upgrade | 10/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292493375, 17.580%, 10/11/2029 †§x | Upgrade | 10/15/2024 | 27497 | 27220 | 26728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292494645, 16.110%, 10/17/2029 †§x | Upgrade | 10/15/2024 | 24267 | 24019 | 23627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292495628, 8.710%, 10/24/2027 †§x | Upgrade | 10/28/2024 | 29385 | 29170 | 29634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292497710, 14.650%, 10/11/2029 †§x | Upgrade | 10/15/2024 | 36186 | 35826 | 35775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2925074, 10.020%, 9/01/2030 †x◇ | Best Egg | 8/04/2025 | 29245 | 28501 | 29389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2925192, 16.140%, 9/01/2028 †x◇ | Best Egg | 8/04/2025 | 21638 | 21106 | 21394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292529058, 17.580%, 10/15/2029 †§x | Upgrade | 10/18/2024 | 21446 | 21230 | 20855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292530087, 12.970%, 10/16/2029 †§x | Upgrade | 10/21/2024 | 36735 | 36373 | 36045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2925485, 13.930%, 9/01/2030 †x◇ | Best Egg | 8/04/2025 | 25077 | 24436 | 25172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2926003, 14.460%, 9/01/2028 †x◇ | Best Egg | 8/04/2025 | 32848 | 32043 | 32671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2926116, 13.450%, 9/26/2030 †x◇ | Best Egg | 8/04/2025 | 27073 | 26375 | 27162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292614304, 13.180%, 10/17/2029 †§x | Upgrade | 10/21/2024 | 25914 | 25659 | 25514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292647193, 16.110%, 10/15/2029 †§x | Upgrade | 10/18/2024 | 24265 | 24024 | 23609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292653772, 17.580%, 10/15/2029 †§x | Upgrade | 10/18/2024 | 24456 | 24210 | 23783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292665485, 14.140%, 10/18/2029 †§x | Upgrade | 10/21/2024 | 21442 | 21230 | 20884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2926986, 14.680%, 8/03/2028 †x◇ | Best Egg | 8/06/2025 | 25870 | 25238 | 25832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2927109, 14.020%, 8/03/2028 †x◇ | Best Egg | 8/06/2025 | 22663 | 22109 | 22328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2927153, 14.410%, 8/03/2030 †x◇ | Best Egg | 8/06/2025 | 38345 | 37366 | 37911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292723474, 11.500%, 10/23/2027 †§x | Upgrade | 10/24/2024 | 22744 | 22575 | 22902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292742528, 15.600%, 10/15/2029 †§x | Upgrade | 10/18/2024 | 32174 | 31855 | 31278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292758822, 17.580%, 10/18/2029 †§x | Upgrade | 10/21/2024 | 31374 | 31058 | 30535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2927791, 20.240%, 8/03/2030 †x◇ | Best Egg | 8/06/2025 | 46957 | 45751 | 46179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292779935, 16.110%, 10/21/2029 †§x | Upgrade | 10/24/2024 | 22170 | 21948 | 21603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292787269, 16.110%, 10/15/2029 †§x | Upgrade | 10/18/2024 | 26372 | 26109 | 25657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292806185, 16.110%, 10/22/2029 †§x | Upgrade | 10/25/2024 | 21775 | 21557 | 21223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2928208, 15.260%, 8/03/2030 †x◇ | Best Egg | 8/06/2025 | 25221 | 24576 | 24987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2929370, 7.920%, 8/03/2030 †x◇ | Best Egg | 8/06/2025 | 26956 | 26273 | 27034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2929476, 14.310%, 8/03/2030 †x#◇ | Best Egg | 8/06/2025 | 29019 | 28277 | 28684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2929641, 11.880%, 8/03/2028 †x◇ | Best Egg | 8/06/2025 | 25712 | 25086 | 25592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2929906, 16.360%, 8/04/2030 †x◇ | Best Egg | 8/07/2025 | 46633 | 45440 | 46768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 292994398, 17.580%, 10/22/2029 †§x# | Upgrade | 10/25/2024 | 33166 | 32822 | 32276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930019, 30.860%, 8/04/2030 †x◇ | Best Egg | 8/07/2025 | 38179 | 37192 | 36259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930115, 12.240%, 8/04/2030 †x◇ | Best Egg | 8/07/2025 | 46263 | 45084 | 45757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293011723, 16.110%, 10/16/2029 †§x | Upgrade | 10/21/2024 | 32259 | 31937 | 31404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293017175, 12.830%, 10/24/2027 †§x | Upgrade | 10/28/2024 | 26568 | 26368 | 26573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930172, 14.950%, 8/04/2028 †x◇ | Best Egg | 8/07/2025 | 20597 | 20093 | 20475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930316, 19.820%, 8/16/2030 †x◇ | Best Egg | 8/07/2025 | 28339 | 27603 | 27152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930377, 13.880%, 9/20/2029 †x◇ | Best Egg | 8/07/2025 | 22741 | 22167 | 22582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293059865, 14.290%, 10/24/2027 †§x | Upgrade | 10/28/2024 | 30395 | 30165 | 30366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293062413, 17.580%, 10/22/2029 †§x | Upgrade | 10/25/2024 | 34534 | 34185 | 33645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930860, 10.610%, 8/04/2028 †x◇ | Best Egg | 8/07/2025 | 39476 | 38515 | 39335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930958, 8.960%, 8/04/2030 †x◇ | Best Egg | 8/07/2025 | 37678 | 36721 | 37299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930961, 14.460%, 9/19/2028 †x◇ | Best Egg | 8/07/2025 | 41241 | 40229 | 40639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293096421, 17.580%, 10/17/2029 †§x | Upgrade | 10/21/2024 | 28551 | 28263 | 27785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2931033, 22.650%, 10/04/2030 †x# | Best Egg | 8/07/2025 | 20983 | 20442 | 20208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2931056, 13.880%, 8/04/2029 †x◇ | Best Egg | 8/07/2025 | 23483 | 22893 | 23318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293152260, 15.600%, 10/23/2029 †§x# | Upgrade | 10/28/2024 | 25346 | 25093 | 24671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2931560, 16.140%, 8/04/2028 †x◇ | Best Egg | 8/07/2025 | 32377 | 31585 | 32326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293161732, 16.110%, 10/22/2029 †§x | Upgrade | 10/25/2024 | 23770 | 23532 | 23167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293170684, 11.500%, 10/17/2027 †§x | Upgrade | 10/21/2024 | 29892 | 29672 | 30081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2931756, 13.940%, 8/04/2030 †x◇ | Best Egg | 8/07/2025 | 41777 | 40711 | 41663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2931784, 13.060%, 8/04/2028 †x◇ | Best Egg | 8/07/2025 | 42106 | 41079 | 41993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2931892, 9.850%, 8/04/2028 †x◇ | Best Egg | 8/07/2025 | 41806 | 40789 | 41826 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**127** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 293217862, 17.580%, 10/18/2029 †§x | Upgrade | 10/21/2024 | $21446 | $21230 | $20872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293241472, 16.110%, 10/18/2029 †§x | Upgrade | 10/21/2024 | 32259 | 31937 | 31409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293277448, 15.600%, 10/26/2029 †§x | Upgrade | 10/21/2024 | 40425 | 40016 | 39355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2932775, 11.830%, 9/18/2030 †x◇ | Best Egg | 8/08/2025 | 38026 | 37053 | 38211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2933174, 14.780%, 9/23/2030 †x◇ | Best Egg | 8/08/2025 | 28127 | 27405 | 27878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2933571, 16.140%, 8/05/2028 †x◇ | Best Egg | 8/08/2025 | 42386 | 41349 | 41812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293388099, 15.600%, 10/22/2029 †§x | Upgrade | 10/25/2024 | 36196 | 35835 | 35248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293399849, 15.600%, 10/27/2029 †§x | Upgrade | 10/24/2024 | 29066 | 28769 | 28278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2934040, 7.860%, 8/05/2029 †x◇ | Best Egg | 8/08/2025 | 22288 | 21732 | 22348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293532981, 17.580%, 10/21/2029 †§x | Upgrade | 10/24/2024 | 24374 | 24129 | 23741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293539170, 15.600%, 10/21/2029 †§x | Upgrade | 10/24/2024 | 36196 | 35835 | 35240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293544032, 13.670%, 10/22/2029 †§x | Upgrade | 10/25/2024 | 38459 | 38078 | 37404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293558282, 17.580%, 10/31/2029 †§x | Upgrade | 10/24/2024 | 21239 | 21019 | 20567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2935747, 10.460%, 8/06/2029 †x◇ | Best Egg | 8/11/2025 | 22417 | 21856 | 22407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2935856, 13.930%, 8/06/2030 †x◇ | Best Egg | 8/11/2025 | 27849 | 27138 | 27492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293592321, 15.140%, 10/23/2029 †§x | Upgrade | 10/28/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293594496, 14.140%, 10/24/2029 †§x# | Upgrade | 10/28/2024 | 24573 | 24328 | 23982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2936187, 14.180%, 8/06/2030 †x◇ | Best Egg | 8/11/2025 | 46441 | 45255 | 45934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2936203, 19.410%, 8/06/2030 †x#◇ | Best Egg | 8/11/2025 | 23984 | 23363 | 23706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2936519, 16.810%, 8/07/2030 †x◇ | Best Egg | 8/11/2025 | 21783 | 21225 | 21587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2936870, 18.990%, 8/07/2030 †x#◇ | Best Egg | 8/11/2025 | 28031 | 27311 | 27544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2936994, 16.580%, 10/07/2030 †x#◇ | Best Egg | 8/11/2025 | 20275 | 19763 | 20296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293707000, 17.580%, 10/22/2029 †§x | Upgrade | 10/25/2024 | 31687 | 31367 | 30872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293712316, 12.970%, 10/22/2029 †§x | Upgrade | 10/25/2024 | 22520 | 22299 | 22112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2937502, 8.900%, 8/07/2028 †x◇ | Best Egg | 8/11/2025 | 34586 | 33745 | 34645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2937639, 8.470%, 8/07/2030 †x◇ | Best Egg | 8/11/2025 | 31212 | 30420 | 30904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2937649, 10.330%, 8/07/2030 †x◇ | Best Egg | 8/11/2025 | 35944 | 35030 | 35874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2937739, 11.020%, 8/07/2030 †x◇ | Best Egg | 8/11/2025 | 54455 | 53068 | 54708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2937888, 9.040%, 9/17/2028 †x◇ | Best Egg | 8/11/2025 | 42705 | 41661 | 42570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2937919, 8.470%, 8/07/2030 †x◇ | Best Egg | 8/11/2025 | 36720 | 35788 | 36507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293834350, 17.580%, 10/23/2029 †§x | Upgrade | 10/28/2024 | 23543 | 23304 | 22972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2938373, 20.370%, 9/15/2028 †x◇ | Best Egg | 8/13/2025 | 28107 | 27409 | 27379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293849693, 12.480%, 10/23/2027 †§x | Upgrade | 10/28/2024 | 23153 | 22980 | 23312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293854770, 13.590%, 10/23/2028 †§x | Upgrade | 10/28/2024 | 21750 | 21555 | 21190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293870871, 17.580%, 10/23/2029 †§x | Upgrade | 10/28/2024 | 27734 | 27454 | 27038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2938880, 13.940%, 9/14/2030 †x◇ | Best Egg | 8/13/2025 | 27900 | 27191 | 27839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2938955, 15.880%, 8/10/2030 †x◇ | Best Egg | 8/13/2025 | 41932 | 40872 | 41670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293896587, 16.110%, 10/23/2029 †§x | Upgrade | 10/28/2024 | 25406 | 25151 | 24778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293922420, 17.580%, 10/28/2029 †§x | Upgrade | 10/28/2024 | 32586 | 32251 | 31560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2939274, 11.590%, 8/10/2028 †x◇ | Best Egg | 8/13/2025 | 23378 | 22813 | 23368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293933177, 17.580%, 10/23/2029 †§x | Upgrade | 10/28/2024 | 21937 | 21716 | 21386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2939412, 18.250%, 8/10/2030 †x◇ | Best Egg | 8/13/2025 | 21661 | 21113 | 21339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293962392, 16.600%, 10/24/2029 †§x | Upgrade | 10/28/2024 | 20780 | 20569 | 20241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2939654, 21.870%, 8/10/2030 †x◇ | Best Egg | 8/13/2025 | 23547 | 22938 | 23109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293968291, 14.140%, 10/24/2029 †§x | Upgrade | 10/28/2024 | 27938 | 27661 | 27235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294016065, 17.580%, 10/24/2029 †§x# | Upgrade | 10/28/2024 | 22735 | 22511 | 22166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940209, 12.020%, 8/10/2028 †x#◇ | Best Egg | 8/13/2025 | 21390 | 20868 | 21392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940250, 9.680%, 8/10/2030 †x◇ | Best Egg | 8/13/2025 | 37950 | 36992 | 37891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940305, 8.250%, 8/10/2030 †x◇ | Best Egg | 8/13/2025 | 36702 | 35776 | 36346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294031763, 16.110%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 29503 | 29203 | 28730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294033107, 15.140%, 10/31/2029 †§x | Upgrade | 10/28/2024 | 28352 | 28063 | 27476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294042435, 15.600%, 10/25/2029 †§x | Upgrade | 10/28/2024 | 22522 | 22297 | 21948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940515, 12.570%, 8/10/2028 †x◇ | Best Egg | 8/13/2025 | 35143 | 34293 | 35066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940553, 9.380%, 8/10/2030 †x◇ | Best Egg | 8/13/2025 | 25754 | 25104 | 25718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294072805, 13.360%, 10/24/2027 †§x | Upgrade | 10/28/2024 | 21582 | 21418 | 21629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940764, 10.250%, 9/17/2028 †x◇ | Best Egg | 8/13/2025 | 29056 | 28347 | 28943 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**128** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940773, 19.890%, 8/10/2028 †x◇ | Best Egg | 8/13/2025 | $32807 | $32012 | $31924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2940854, 11.020%, 8/10/2030 †x◇ | Best Egg | 8/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2941045, 15.370%, 9/18/2030 †x◇ | Best Egg | 8/13/2025 | 35737 | 34821 | 35224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2941091, 8.470%, 8/11/2030 †x◇ | Best Egg | 8/14/2025 | 22032 | 21476 | 21819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294126181, 15.140%, 10/25/2029 †§x# | Upgrade | 10/28/2024 | 33570 | 33234 | 32719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294156399, 12.690%, 10/25/2029 †§x | Upgrade | 10/28/2024 | 39602 | 39212 | 39225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294161427, 11.300%, 10/25/2028 †§x# | Upgrade | 10/28/2024 | 22869 | 22667 | 22888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2941650, 5.300%, 8/11/2028 †x◇ | Best Egg | 8/14/2025 | 24271 | 23686 | 24259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294171585, 15.600%, 10/15/2029 †§x | Upgrade | 10/28/2024 | 31727 | 31410 | 30934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294201487, 15.600%, 10/29/2029 †§x | Upgrade | 10/28/2024 | 30212 | 29904 | 29254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2942280, 11.340%, 8/11/2030 †x◇ | Best Egg | 8/14/2025 | 29570 | 28823 | 29736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2942318, 7.140%, 9/26/2030 †x◇ | Best Egg | 8/14/2025 | 27550 | 26848 | 27287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2942477, 11.230%, 8/11/2030 †x◇ | Best Egg | 8/14/2025 | 27212 | 26524 | 27167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2942769, 11.000%, 9/20/2030 †x◇ | Best Egg | 8/14/2025 | 27425 | 26725 | 27564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2942786, 6.750%, 9/18/2028 †x◇ | Best Egg | 8/14/2025 | 28276 | 27588 | 28336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2942808, 12.320%, 8/11/2030 †x◇ | Best Egg | 8/14/2025 | 32389 | 31570 | 32561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2942854, 8.780%, 8/11/2029 †x◇ | Best Egg | 8/14/2025 | 65821 | 64185 | 66020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2943232, 31.070%, 8/12/2030 †x◇ | Best Egg | 8/15/2025 | 28642 | 27914 | 27899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2943597, 18.470%, 9/20/2028 †x◇ | Best Egg | 8/15/2025 | 43681 | 42602 | 42783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2944184, 12.790%, 8/12/2030 †x◇ | Best Egg | 8/15/2025 | 28868 | 28137 | 28813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2944536, 6.710%, 8/12/2030 †x◇ | Best Egg | 8/15/2025 | 27434 | 26741 | 27410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2944672, 14.560%, 8/12/2029 †x#◇ | Best Egg | 8/15/2025 | 31549 | 30751 | 31888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2945044, 17.800%, 8/13/2030 †x◇ | Best Egg | 8/18/2025 | 46756 | 45568 | 46181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2945510, 16.850%, 8/13/2030 †x◇ | Best Egg | 8/18/2025 | 28005 | 27294 | 27836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2945911, 12.130%, 8/13/2028 †x◇ | Best Egg | 8/18/2025 | 23443 | 22874 | 23420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2946034, 13.450%, 8/13/2030 †x◇ | Best Egg | 8/18/2025 | 21703 | 21153 | 21802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2946055, 4.610%, 8/13/2028 †x◇ | Best Egg | 8/18/2025 | 65497 | 63917 | 65257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2946291, 19.210%, 8/13/2030 †x◇ | Best Egg | 8/18/2025 | 46873 | 45681 | 46471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2946702, 13.930%, 8/13/2030 †x◇ | Best Egg | 8/18/2025 | 20424 | 19906 | 20527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2947117, 15.880%, 8/14/2030 †x◇ | Best Egg | 8/18/2025 | 46452 | 45264 | 46119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2947635, 7.480%, 8/14/2030 †x◇ | Best Egg | 8/18/2025 | 43053 | 41964 | 42646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2947892, 17.550%, 9/22/2029 †x◇ | Best Egg | 8/18/2025 | 26182 | 25517 | 26011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2948017, 18.470%, 8/14/2028 †x◇ | Best Egg | 8/18/2025 | 36509 | 35618 | 36146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2948590, 11.530%, 10/17/2030 †x# | Best Egg | 8/20/2025 | 45117 | 43965 | 45061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2948804, 12.130%, 8/17/2028 †x◇ | Best Egg | 8/20/2025 | 42878 | 41833 | 42880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294961580, 16.110%, 11/30/2029 †§x | Upgrade | 11/22/2024 | 32924 | 32581 | 31875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2949685, 9.530%, 8/17/2030 †x◇ | Best Egg | 8/20/2025 | 32161 | 31343 | 32345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2949726, 25.650%, 10/17/2028 †x# | Best Egg | 8/20/2025 | 29694 | 28957 | 29116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2949844, 17.820%, 8/17/2030 †x◇ | Best Egg | 8/20/2025 | 46758 | 45562 | 46962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2949972, 7.970%, 8/17/2030 †x◇ | Best Egg | 8/20/2025 | 38006 | 37043 | 37653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2950139, 10.740%, 8/17/2030 †x◇ | Best Egg | 8/20/2025 | 25534 | 24885 | 25505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2950166, 8.760%, 8/17/2028 †x◇ | Best Egg | 8/20/2025 | 24894 | 24289 | 24801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2950462, 13.570%, 8/17/2030 †x◇ | Best Egg | 8/20/2025 | 27831 | 27122 | 27512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2950698, 12.960%, 9/22/2030 †x◇ | Best Egg | 8/20/2025 | 46423 | 45234 | 46689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2950900, 10.120%, 8/17/2028 †x◇ | Best Egg | 8/20/2025 | 31366 | 30603 | 31286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2951102, 19.690%, 10/01/2030 †x◇ | Best Egg | 8/20/2025 | 35001 | 34126 | 34589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2951114, 6.710%, 8/17/2030 †x◇ | Best Egg | 8/20/2025 | 33935 | 33076 | 33924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2951717, 12.460%, 8/18/2030 †x◇ | Best Egg | 8/21/2025 | 29621 | 28866 | 29779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2951953, 9.340%, 8/18/2030 †x◇ | Best Egg | 8/21/2025 | 35869 | 34958 | 35841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2952394, 7.480%, 8/18/2030 †x◇ | Best Egg | 8/21/2025 | 22900 | 22320 | 22785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2952398, 16.810%, 8/18/2030 †x#◇ | Best Egg | 8/21/2025 | 27254 | 26552 | 27072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2952469, 17.770%, 8/18/2030 †x◇ | Best Egg | 8/21/2025 | 21039 | 20500 | 20876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2953252, 16.620%, 8/18/2028 †x◇ | Best Egg | 8/21/2025 | 42133 | 41100 | 41617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2953596, 10.820%, 8/19/2030 †x◇ | Best Egg | 8/22/2025 | 37378 | 36427 | 37343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2953695, 15.650%, 9/23/2028 †x◇ | Best Egg | 8/22/2025 | 25979 | 25336 | 25930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2953862, 12.090%, 8/19/2028 †x◇ | Best Egg | 8/22/2025 | 24009 | 23423 | 23944 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**129** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2953921, 28.290%, 8/19/2030 †x◇ | Best Egg | 8/22/2025 | $31102 | $30298 | $30390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2954608, 19.470%, 8/19/2030 †x◇ | Best Egg | 8/22/2025 | 30267 | 29482 | 29814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 295476532, 15.140%, 11/19/2029 †§x | Upgrade | 11/22/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2954805, 8.820%, 8/19/2030 †x◇ | Best Egg | 8/22/2025 | 43975 | 42858 | 43949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2954874, 6.370%, 10/02/2028 †x◇ | Best Egg | 8/22/2025 | 31708 | 30943 | 31811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2955036, 14.900%, 8/19/2030 †x◇ | Best Egg | 8/22/2025 | 22787 | 22205 | 22573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2955227, 19.470%, 8/19/2030 †x◇ | Best Egg | 8/22/2025 | 31736 | 30915 | 31159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2955405, 8.290%, 8/20/2030 †x◇ | Best Egg | 8/25/2025 | 42030 | 40962 | 42342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2955649, 5.840%, 8/20/2030 †x◇ | Best Egg | 8/25/2025 | 36506 | 35581 | 36507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2955787, 18.020%, 8/20/2030 †x◇ | Best Egg | 8/25/2025 | 23387 | 22786 | 23089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2955953, 15.370%, 8/20/2030 †x◇ | Best Egg | 8/25/2025 | 37237 | 36283 | 36818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2955985, 8.920%, 8/20/2029 †x◇ | Best Egg | 8/25/2025 | 31896 | 31097 | 31954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956111, 11.150%, 8/20/2028 †x#◇ | Best Egg | 8/25/2025 | 42519 | 41479 | 42514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956197, 11.990%, 8/20/2030 †x◇ | Best Egg | 8/25/2025 | 71671 | 69842 | 71031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956314, 12.080%, 8/20/2028 †x◇ | Best Egg | 8/25/2025 | 36008 | 35122 | 35959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956519, 7.140%, 8/20/2029 †x◇ | Best Egg | 8/25/2025 | 24922 | 24300 | 25001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 295666454, 14.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 40432 | 40024 | 39403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956688, 15.150%, 10/20/2030 †x# | Best Egg | 8/25/2025 | 47114 | 45905 | 47031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956754, 13.940%, 8/20/2030 †x◇ | Best Egg | 8/25/2025 | 29103 | 28358 | 29270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956840, 10.610%, 8/20/2028 †x◇ | Best Egg | 8/25/2025 | 26008 | 25374 | 25933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2956975, 16.580%, 8/20/2030 †x◇ | Best Egg | 8/25/2025 | 27991 | 27273 | 27849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2957645, 10.790%, 8/21/2028 †x◇ | Best Egg | 8/25/2025 | 29925 | 29193 | 29892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2958006, 5.640%, 8/21/2028 †x◇ | Best Egg | 8/25/2025 | 41668 | 40659 | 41516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2958727, 11.990%, 8/21/2030 †x◇ | Best Egg | 8/25/2025 | 57799 | 56322 | 57748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2958811, 17.620%, 8/21/2030 †x◇ | Best Egg | 8/25/2025 | 46741 | 45539 | 46399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2959070, 16.410%, 8/24/2028 †x#◇ | Best Egg | 8/27/2025 | 43319 | 42244 | 42767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2959086, 18.510%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 46815 | 45604 | 46254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2959421, 8.290%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 20647 | 20121 | 20809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2959792, 19.470%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 28606 | 27865 | 28259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2959797, 10.870%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 30035 | 29266 | 29786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2959953, 6.280%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 45678 | 44518 | 45692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296010324, 12.830%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 21242 | 21077 | 21198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2960218, 15.150%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 37222 | 36263 | 36977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296055244, 14.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 36528 | 36161 | 35563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2960574, 12.950%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 46329 | 45139 | 46597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2960659, 19.950%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 22528 | 21944 | 22253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2960695, 9.350%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 41669 | 40605 | 41331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2960841, 8.870%, 8/24/2028 †x◇ | Best Egg | 8/27/2025 | 29184 | 28470 | 29252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2961011, 13.450%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 27825 | 27110 | 27585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2961020, 15.850%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 43712 | 42586 | 43240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2961366, 16.350%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 31253 | 30447 | 30914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2961528, 12.320%, 8/24/2030 †x◇ | Best Egg | 8/27/2025 | 31092 | 30296 | 31265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296216234, 15.600%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 24526 | 24278 | 23854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962207, 16.120%, 9/26/2030 †x◇ | Best Egg | 8/28/2025 | 44304 | 43157 | 44013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962310, 12.000%, 8/25/2030 †x◇ | Best Egg | 8/28/2025 | 21271 | 20725 | 21094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962382, 6.970%, 8/25/2028 †x#◇ | Best Egg | 8/28/2025 | 42377 | 41343 | 42370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962475, 12.080%, 8/25/2028 †x◇ | Best Egg | 8/28/2025 | 21008 | 20491 | 20988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962483, 16.610%, 8/25/2030 †x◇ | Best Egg | 8/28/2025 | 26127 | 25452 | 26270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962520, 16.360%, 8/25/2030 †x◇ | Best Egg | 8/28/2025 | 37306 | 36343 | 37144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962790, 10.060%, 9/25/2028 †x# | Best Egg | 8/28/2025 | 41723 | 40697 | 41822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2962969, 8.250%, 8/25/2030 †x◇ | Best Egg | 8/28/2025 | 40143 | 39119 | 39786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2963274, 15.390%, 8/25/2030 †x◇ | Best Egg | 8/28/2025 | 26067 | 25395 | 26203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2963332, 17.580%, 8/25/2030 †x#◇ | Best Egg | 8/28/2025 | 21136 | 20590 | 21009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296338538, 14.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 41397 | 40948 | 40288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296347618, 17.580%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 41918 | 41485 | 40639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2963685, 16.190%, 8/25/2030 †x◇ | Best Egg | 8/28/2025 | 27971 | 27249 | 28111 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**130** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2964101, 12.320%, 10/01/2030 †x◇ | Best Egg | 8/29/2025 | $29099 | $28355 | $29214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2964359, 6.420%, 10/01/2029 †x◇ | Best Egg | 8/29/2025 | 32775 | 31963 | 32874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2964704, 12.320%, 10/01/2030 †x◇ | Best Egg | 8/29/2025 | 29606 | 28863 | 29760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2964850, 11.590%, 10/01/2028 †x◇ | Best Egg | 8/29/2025 | 35758 | 34879 | 35709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2965001, 14.010%, 10/01/2030 †x◇ | Best Egg | 8/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2965012, 16.850%, 10/01/2030 †x◇ | Best Egg | 8/29/2025 | 41460 | 40422 | 41015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296515028, 15.600%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 30249 | 29943 | 29420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2965158, 16.830%, 10/01/2030 †x#◇ | Best Egg | 8/29/2025 | 23118 | 22522 | 22788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2965254, 15.830%, 10/01/2029 †x◇ | Best Egg | 8/29/2025 | 30058 | 29316 | 29714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2965255, 8.120%, 10/01/2028 †x◇ | Best Egg | 8/29/2025 | 23228 | 22668 | 23136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2965423, 6.290%, 10/01/2028 †x◇ | Best Egg | 8/29/2025 | 21142 | 20627 | 21058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2965443, 11.860%, 10/01/2029 †x◇ | Best Egg | 8/29/2025 | 33982 | 33142 | 33967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2966135, 26.530%, 10/01/2029 †x◇ | Best Egg | 9/02/2025 | 25723 | 25092 | 25068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296648872, 8.530%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 30706 | 30472 | 30933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296649218, 16.110%, 11/19/2029 †x# | Upgrade | 11/22/2024 | 33088 | 32749 | 26281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296649430, 14.140%, 12/17/2029 †§x# | Upgrade | 12/06/2024 | 20743 | 20529 | 20108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2966620, 16.410%, 10/15/2028 †x◇ | Best Egg | 9/02/2025 | 44841 | 43731 | 44200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296662460, 16.110%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 28842 | 28546 | 28065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296676271, 15.140%, 11/20/2029 †§x# | Upgrade | 11/25/2024 | 37377 | 36998 | 36352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2966815, 5.000%, 11/01/2028 †x# | Best Egg | 9/02/2025 | 45961 | 44823 | 40875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296730281, 14.140%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 30846 | 30536 | 30012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2967303, 10.300%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 39322 | 38335 | 39119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296731460, 17.580%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 29958 | 29651 | 29161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2967537, 12.280%, 10/01/2029 †x◇ | Best Egg | 9/02/2025 | 36739 | 35831 | 36826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296761508, 11.520%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 27759 | 27543 | 27912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2967671, 17.770%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 22022 | 21471 | 21691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2967674, 31.070%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 28982 | 28263 | 28184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296782687, 16.600%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 36965 | 36589 | 35942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296787852, 15.600%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 27775 | 27492 | 27030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296802117, 13.590%, 11/19/2028 †§x# | Upgrade | 11/22/2024 | 30497 | 30216 | 29568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296824198, 7.510%, 12/09/2027 †§x | Upgrade | 12/12/2024 | 24233 | 24044 | 24431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2968344, 11.650%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 63203 | 61617 | 62860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296839889, 16.600%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 30229 | 29922 | 29393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2968530, 20.910%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 38602 | 37604 | 37644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2968681, 12.320%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 46030 | 44875 | 45946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2968735, 11.100%, 10/17/2028 †x◇ | Best Egg | 9/02/2025 | 20709 | 20200 | 20701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2968751, 19.210%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 22711 | 22143 | 22426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2968978, 13.690%, 10/15/2030 †x◇ | Best Egg | 9/02/2025 | 20837 | 20307 | 20720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2968996, 14.660%, 10/01/2030 †x◇ | Best Egg | 9/02/2025 | 47161 | 45980 | 46778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296942820, 15.310%, 12/02/2027 †§x# | Upgrade | 11/22/2024 | 20380 | 20214 | 20232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296976958, 15.600%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 31687 | 31365 | 30835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296978573, 16.600%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 28751 | 28458 | 27972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296988815, 17.580%, 11/20/2029 †§x# | Upgrade | 11/22/2024 | 26973 | 26636 | 26237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297009417, 10.700%, 11/30/2027 †§x | Upgrade | 11/22/2024 | 20558 | 20396 | 20704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297010066, 15.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 40821 | 40408 | 39734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297019679, 16.110%, 11/06/2029 †§x# | Upgrade | 11/22/2024 | 29260 | 28960 | 28412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297075437, 15.600%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 24526 | 24278 | 23854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297086217, 14.140%, 11/30/2029 †§x | Upgrade | 11/25/2024 | 23654 | 23412 | 22874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297086346, 15.140%, 11/19/2029 †x# | Upgrade | 11/22/2024 | 44040 | 43595 | 33463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297089965, 16.110%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 40977 | 40561 | 39877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297091994, 16.600%, 11/19/2029 †§x# | Upgrade | 11/22/2024 | 21205 | 20988 | 20634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297092687, 16.110%, 11/27/2029 †§x | Upgrade | 11/22/2024 | 24714 | 24459 | 23891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297093951, 17.580%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 20630 | 20419 | 20069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297096328, 17.580%, 11/19/2029 †x# | Upgrade | 11/22/2024 | 26624 | 26352 | 25861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297101083, 14.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 22729 | 22500 | 22128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297101160, 16.110%, 11/20/2029 †x | Upgrade | 11/22/2024 | 42447 | 42215 | 32922 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**131** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 297101619, 17.580%, 11/19/2029 †§x | Upgrade | 11/22/2024 | $21550 | $21330 | $20964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297109452, 14.290%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 28548 | 28324 | 28477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297113076, 16.110%, 11/19/2029 †§x | Upgrade | 11/22/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297115970, 16.600%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 28751 | 28458 | 27972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297119415, 14.330%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 31727 | 31478 | 31632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297119676, 14.140%, 11/18/2029 †§x | Upgrade | 11/22/2024 | 29571 | 29274 | 28799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297122019, 17.580%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 21456 | 21236 | 20872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297125027, 17.580%, 11/28/2029 †§x | Upgrade | 11/25/2024 | 24891 | 24629 | 24100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297128746, 16.110%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 31411 | 31092 | 30590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297129999, 14.140%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 32470 | 32143 | 31591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297133843, 17.580%, 11/18/2029 †§x# | Upgrade | 11/22/2024 | 32167 | 31837 | 31325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297137945, 13.840%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 25313 | 25115 | 25241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297148487, 15.600%, 11/19/2029 †§x# | Upgrade | 11/22/2024 | 24919 | 24667 | 24235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297151890, 12.830%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 20767 | 20605 | 20724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297157578, 17.580%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 26480 | 26208 | 25760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297159031, 7.510%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 21367 | 21205 | 21553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297163107, 13.180%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 33931 | 33591 | 33419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297170358, 14.290%, 11/19/2027 †§x | Upgrade | 11/22/2024 | 28548 | 28324 | 28477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297175144, 14.140%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 31658 | 31340 | 30801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297180811, 16.110%, 11/07/2029 †§x# | Upgrade | 11/25/2024 | 31756 | 31428 | 30850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297181677, 12.690%, 11/30/2029 †§x | Upgrade | 11/25/2024 | 24263 | 24015 | 23980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297188076, 15.140%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 22897 | 22666 | 22233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297192107, 15.140%, 11/25/2029 †§x | Upgrade | 11/25/2024 | 22091 | 21864 | 21509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297192978, 16.110%, 11/28/2029 †§x# | Upgrade | 11/25/2024 | 31119 | 30795 | 30123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297194414, 16.110%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 32782 | 32448 | 31922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297199114, 12.600%, 11/20/2029 †x# | Upgrade | 11/25/2024 | 34029 | 33689 | 24973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297199348, 16.110%, 11/19/2029 †§x | Upgrade | 11/22/2024 | 29503 | 29204 | 28711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297205038, 13.670%, 12/03/2029 †§x# | Upgrade | 11/22/2024 | 20715 | 20502 | 20076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297209460, 17.580%, 12/05/2029 †§x | Upgrade | 11/25/2024 | 24330 | 24076 | 23590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297212542, 15.600%, 11/19/2029 †x# | Upgrade | 11/22/2024 | 28366 | 28077 | 22128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297212616, 15.600%, 11/28/2029 †§x | Upgrade | 11/25/2024 | 22148 | 21918 | 21444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297215672, 16.110%, 11/30/2029 †§x | Upgrade | 11/25/2024 | 22232 | 22000 | 21532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297221137, 16.600%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 22179 | 21953 | 21578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297224970, 17.580%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 25714 | 25451 | 25030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297225680, 17.580%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 28871 | 28577 | 28141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297231227, 8.530%, 11/20/2027 †§x | Upgrade | 11/25/2024 | 19959 | 19807 | 20111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297232594, 15.600%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 23204 | 22969 | 22604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297236112, 16.600%, 11/21/2029 †§x# | Upgrade | 11/25/2024 | 20908 | 20697 | 20327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297242521, 14.140%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 22729 | 22500 | 22127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297243502, 16.110%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 32782 | 32448 | 31922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297243663, 16.600%, 11/26/2029 †§x | Upgrade | 11/25/2024 | 20619 | 20405 | 20070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297244223, 7.510%, 11/20/2027 †§x | Upgrade | 11/25/2024 | 25402 | 25210 | 25627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297249408, 17.580%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 33009 | 32671 | 32131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297254865, 11.520%, 11/20/2027 †§x | Upgrade | 11/25/2024 | 26238 | 26034 | 26406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297255435, 15.060%, 11/20/2028 †§x | Upgrade | 11/25/2024 | 37458 | 37112 | 36404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297260784, 14.140%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 25976 | 25714 | 25288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297264713, 14.650%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 20344 | 20139 | 20140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297274967, 14.330%, 11/30/2027 †§x | Upgrade | 11/25/2024 | 25507 | 25298 | 25308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297275501, 16.110%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 24481 | 24231 | 23856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297275579, 14.190%, 12/15/2028 †§x | Upgrade | 12/06/2024 | 37721 | 37363 | 37560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297294218, 11.500%, 11/21/2027 †§x | Upgrade | 11/25/2024 | 24985 | 24791 | 25159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297309744, 16.110%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 22544 | 22314 | 21953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297340952, 15.140%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 32629 | 32299 | 31757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297353562, 15.140%, 11/20/2029 †§x | Upgrade | 11/25/2024 | 24472 | 24224 | 23762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297358287, 12.480%, 11/20/2027 †§x | Upgrade | 11/25/2024 | 25123 | 24927 | 25288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297367955, 13.590%, 11/21/2028 †§x | Upgrade | 11/25/2024 | 37175 | 36833 | 36137 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**132** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 297369686, 13.180%, 11/21/2029 †§x | Upgrade | 11/25/2024 | $40393 | $39989 | $39802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297373531, 17.580%, 11/21/2029 †§x# | Upgrade | 11/25/2024 | 29695 | 29391 | 28946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297377596, 10.780%, 11/21/2027 †§x | Upgrade | 11/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297386593, 17.580%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 32109 | 31779 | 31072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297388603, 15.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 24451 | 24202 | 23767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297398579, 16.600%, 11/21/2029 †§x# | Upgrade | 11/25/2024 | 20858 | 20645 | 20293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297402510, 15.600%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 22065 | 21840 | 21497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297404363, 17.580%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 37135 | 36755 | 36150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297416420, 13.360%, 11/21/2027 †§x | Upgrade | 11/25/2024 | 31558 | 31310 | 31793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297426802, 15.600%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 25337 | 25081 | 24684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297430520, 13.670%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 32394 | 32069 | 31469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297432362, 17.060%, 11/30/2028 †§x# | Upgrade | 11/25/2024 | 21177 | 20975 | 20485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297438045, 15.600%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 29259 | 28963 | 28476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297447916, 15.600%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 32375 | 32046 | 31508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297448663, 15.600%, 11/21/2029 †x# | Upgrade | 11/25/2024 | 25307 | 25050 | 20338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297476675, 14.650%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 20344 | 20139 | 20140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297486006, 14.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 24352 | 24107 | 23709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297498237, 15.140%, 11/21/2029 †§x | Upgrade | 11/25/2024 | 24144 | 23899 | 23783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297521512, 15.600%, 11/22/2029 †§x | Upgrade | 11/25/2024 | 31271 | 30954 | 30436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297545861, 9.530%, 12/16/2027 †§x | Upgrade | 12/13/2024 | 32323 | 32064 | 32540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297559964, 12.480%, 11/22/2027 †§x | Upgrade | 11/25/2024 | 21885 | 21714 | 22033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297590158, 14.920%, 11/22/2029 †§x | Upgrade | 11/25/2024 | 40743 | 40331 | 40011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297590777, 13.360%, 12/03/2027 †§x | Upgrade | 12/06/2024 | 23026 | 22843 | 22972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297619758, 16.600%, 12/01/2029 †§x | Upgrade | 11/25/2024 | 28284 | 27991 | 27319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297628968, 13.590%, 11/22/2028 †§x | Upgrade | 11/25/2024 | 21932 | 21730 | 21320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297630609, 17.580%, 11/22/2029 †§x | Upgrade | 11/25/2024 | 23931 | 23686 | 23298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297632407, 16.600%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 24604 | 24352 | 23811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297633161, 15.600%, 11/22/2029 †§x | Upgrade | 11/25/2024 | 31361 | 31043 | 30523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297695785, 15.140%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 27368 | 27090 | 26497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297925954, 17.580%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 41929 | 41494 | 40601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2979396, 17.690%, 9/15/2028 †x◇ | Best Egg | 9/10/2025 | 23099 | 22507 | 22642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2979484, 7.590%, 9/07/2029 †x◇ | Best Egg | 9/10/2025 | 28087 | 27366 | 28164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297966624, 17.580%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 25570 | 25307 | 24764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 297975236, 11.650%, 12/02/2028 †§x | Upgrade | 12/05/2024 | 22644 | 22436 | 22581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2979778, 5.100%, 9/07/2028 †x◇ | Best Egg | 9/10/2025 | 21751 | 21208 | 21667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298010931, 16.110%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 29154 | 28856 | 28224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298052340, 11.890%, 12/02/2027 †§x | Upgrade | 12/05/2024 | 22850 | 22670 | 22803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298052408, 14.140%, 12/09/2029 †§x | Upgrade | 12/09/2024 | 28007 | 27718 | 27163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2980555, 12.950%, 9/07/2030 †x◇ | Best Egg | 9/10/2025 | 23324 | 22709 | 23079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2980714, 6.710%, 9/07/2030 †x◇ | Best Egg | 9/10/2025 | 23450 | 22834 | 23420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2980728, 11.020%, 9/07/2028 †x◇ | Best Egg | 9/10/2025 | 35342 | 34443 | 35324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298080898, 15.600%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 27812 | 27528 | 26916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298082382, 16.110%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 24989 | 24734 | 24192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2980878, 9.340%, 10/15/2030 †x◇ | Best Egg | 9/10/2025 | 42090 | 40985 | 42063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298119756, 13.670%, 12/02/2029 †x | Upgrade | 12/05/2024 | 34927 | 34574 | 33772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2981219, 12.570%, 9/07/2028 †x◇ | Best Egg | 9/10/2025 | 32238 | 31422 | 32209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2981307, 19.470%, 10/07/2030 †x# | Best Egg | 9/10/2025 | 49463 | 48161 | 49022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2981313, 11.830%, 9/07/2030 †x◇ | Best Egg | 9/10/2025 | 46861 | 45639 | 47104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2981701, 13.590%, 9/08/2029 †x◇ | Best Egg | 9/11/2025 | 28353 | 27624 | 28677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298177519, 11.500%, 12/03/2027 †§x | Upgrade | 12/06/2024 | 27195 | 26980 | 27331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2981833, 9.830%, 9/08/2030 †x◇ | Best Egg | 9/11/2025 | 27554 | 26835 | 27506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298191829, 13.670%, 11/22/2029 †§x | Upgrade | 12/06/2024 | 32201 | 31876 | 31374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2982101, 10.610%, 9/08/2028 †x◇ | Best Egg | 9/11/2025 | 28613 | 27898 | 28525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298224966, 17.580%, 11/20/2029 †§x | Upgrade | 12/09/2024 | 25808 | 25539 | 25110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298228220, 10.700%, 12/06/2027 †§x# | Upgrade | 12/09/2024 | 29189 | 28958 | 29397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298229797, 15.140%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 29027 | 28732 | 28096 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**133** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2982507, 9.050%, 9/08/2030 †x◇ | Best Egg | 9/11/2025 | $20987 | $20440 | $21114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298261979, 14.290%, 12/16/2027 †§x | Upgrade | 12/09/2024 | 29893 | 29646 | 29788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2982628, 10.850%, 9/08/2030 †x◇ | Best Egg | 9/11/2025 | 34869 | 33959 | 34806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2982740, 11.740%, 9/08/2030 †x◇ | Best Egg | 9/11/2025 | 46854 | 45631 | 46369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2982990, 8.250%, 9/08/2030 †x◇ | Best Egg | 9/11/2025 | 41914 | 40821 | 41856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298335066, 16.600%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 25043 | 24787 | 24252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2983584, 12.090%, 9/09/2030 †x◇ | Best Egg | 9/12/2025 | 33286 | 32416 | 33462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2983858, 10.540%, 10/22/2030 †x◇ | Best Egg | 9/12/2025 | 26998 | 26284 | 27166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298392180, 13.590%, 12/06/2028 †§x | Upgrade | 12/09/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298399519, 13.360%, 12/02/2027 †§x | Upgrade | 12/05/2024 | 32898 | 32636 | 32816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298406891, 11.520%, 12/02/2027 †§x | Upgrade | 12/05/2024 | 28996 | 28768 | 29095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298422421, 16.110%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 25410 | 25152 | 24593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298444764, 15.600%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 23270 | 23033 | 22521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298453551, 16.110%, 11/19/2029 †§x | Upgrade | 12/05/2024 | 20651 | 20438 | 20087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2984571, 28.290%, 9/09/2030 †x◇ | Best Egg | 9/12/2025 | 30370 | 29576 | 29389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298474485, 17.580%, 12/17/2029 †x | Upgrade | 12/05/2024 | 31553 | 31223 | 30693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2984921, 11.460%, 9/09/2029 †x◇ | Best Egg | 9/12/2025 | 24882 | 24242 | 24621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2984998, 19.050%, 9/09/2028 †x◇ | Best Egg | 9/12/2025 | 32130 | 31324 | 31795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2985014, 25.600%, 9/09/2030 †x◇ | Best Egg | 9/12/2025 | 40637 | 39574 | 40474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298502971, 16.110%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 20991 | 20776 | 20316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298509680, 14.290%, 12/02/2027 †§x | Upgrade | 12/05/2024 | 29748 | 29510 | 29548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2985132, 21.250%, 9/09/2030 †x◇ | Best Egg | 9/12/2025 | 26957 | 26231 | 25862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298520605, 11.650%, 12/05/2028 †§x | Upgrade | 12/05/2024 | 37024 | 36678 | 36932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298535175, 11.520%, 12/17/2027 †§x | Upgrade | 12/05/2024 | 26278 | 26066 | 26404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298543449, 16.110%, 12/13/2029 †§x | Upgrade | 12/06/2024 | 30991 | 30665 | 30085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298549837, 13.590%, 12/02/2028 †§x | Upgrade | 12/05/2024 | 38107 | 37754 | 36812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298553987, 8.530%, 12/02/2027 †§x | Upgrade | 12/05/2024 | 28856 | 28633 | 29019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298565521, 15.140%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 29857 | 29553 | 28899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298596710, 16.600%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 29764 | 29459 | 28805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298611503, 9.510%, 12/08/2027 †§x | Upgrade | 12/05/2024 | 32288 | 32031 | 32472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298612059, 16.110%, 12/16/2029 †§x | Upgrade | 12/05/2024 | 26050 | 25780 | 25244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298615445, 14.330%, 12/02/2027 †§x | Upgrade | 12/05/2024 | 21158 | 20989 | 20987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298615577, 14.330%, 12/04/2027 †§x | Upgrade | 12/09/2024 | 21819 | 21644 | 21659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298622311, 15.140%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 31100 | 30784 | 30033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298624346, 13.590%, 12/02/2028 †§x | Upgrade | 12/05/2024 | 38107 | 37754 | 36812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2986285, 7.260%, 9/10/2028 †x◇ | Best Egg | 9/15/2025 | 21843 | 21296 | 21880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298631763, 14.290%, 12/03/2027 †§x | Upgrade | 12/06/2024 | 26446 | 26233 | 26274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298639193, 13.360%, 12/02/2027 †§x | Upgrade | 12/05/2024 | 24931 | 24732 | 24868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298640264, 13.590%, 12/06/2028 †§x | Upgrade | 12/09/2024 | 26675 | 26427 | 25791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298642557, 13.590%, 12/02/2028 †§x | Upgrade | 12/05/2024 | 21340 | 21142 | 20614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2986446, 22.170%, 10/26/2030 †x◇ | Best Egg | 9/15/2025 | 45687 | 44460 | 43919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298654540, 15.600%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 24932 | 24678 | 24135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298655969, 16.110%, 12/03/2029 †§x# | Upgrade | 12/09/2024 | 26561 | 26293 | 25724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298661990, 9.530%, 12/10/2027 †§x | Upgrade | 12/05/2024 | 28470 | 28244 | 28640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298679100, 14.140%, 12/19/2029 †§x# | Upgrade | 12/09/2024 | 34198 | 33843 | 33206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298715370, 16.110%, 12/02/2029 †§x | Upgrade | 12/05/2024 | 23723 | 23481 | 22960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298732497, 15.140%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 41053 | 40633 | 39814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298739135, 15.310%, 12/03/2027 †§x | Upgrade | 12/06/2024 | 29992 | 29750 | 29767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298740649, 14.650%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 28962 | 28668 | 28609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298742346, 17.580%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 23378 | 23137 | 22623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298749982, 12.690%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 29658 | 29360 | 29298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298753256, 17.580%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 33568 | 33222 | 32485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298764129, 10.500%, 12/05/2027 †§x | Upgrade | 12/09/2024 | 25923 | 25719 | 26066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298775219, 15.140%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 33174 | 32836 | 32043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298777937, 13.840%, 12/03/2027 †§x | Upgrade | 12/06/2024 | 26381 | 26170 | 26178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298780334, 14.290%, 12/06/2027 †§x | Upgrade | 12/09/2024 | 29631 | 29394 | 29477 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**134** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 298782624, 17.580%, 12/03/2029 †§x | Upgrade | 12/06/2024 | $21391 | $21171 | $20700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298794088, 16.110%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 29987 | 29680 | 29031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298795386, 15.310%, 12/03/2027 †§x | Upgrade | 12/06/2024 | 20600 | 20434 | 20432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298796358, 12.830%, 12/05/2027 †§x | Upgrade | 12/06/2024 | 22987 | 22804 | 22857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298808786, 16.110%, 11/30/2029 †§x | Upgrade | 12/06/2024 | 30644 | 30331 | 29711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298833220, 12.600%, 12/03/2029 †§x | Upgrade | 12/06/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298841863, 9.500%, 12/04/2027 †§x | Upgrade | 12/09/2024 | 20628 | 20467 | 20779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2988430, 15.390%, 9/11/2030 †x◇ | Best Egg | 9/15/2025 | 37705 | 36717 | 37855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298854164, 13.590%, 12/04/2028 †§x | Upgrade | 12/09/2024 | 27437 | 27182 | 26524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2988559, 10.460%, 9/14/2029 †x◇ | Best Egg | 9/17/2025 | 45706 | 44526 | 45851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298858947, 17.580%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 23906 | 23658 | 23138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2988810, 9.410%, 9/14/2029 †x#◇ | Best Egg | 9/17/2025 | 22425 | 21843 | 22455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298899161, 16.110%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 33319 | 32978 | 32256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298901941, 16.600%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 25603 | 25340 | 24792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298910190, 8.530%, 12/03/2027 †§x | Upgrade | 12/06/2024 | 22813 | 22636 | 22944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298911632, 13.670%, 12/03/2029 †§x | Upgrade | 12/06/2024 | 26360 | 26094 | 25472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298917789, 12.830%, 12/04/2027 †§x | Upgrade | 12/09/2024 | 26246 | 26037 | 26098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2989216, 15.340%, 9/14/2029 †x◇ | Best Egg | 9/17/2025 | 45170 | 44000 | 45694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2989255, 7.840%, 9/14/2030 †x◇ | Best Egg | 9/17/2025 | 40591 | 39529 | 40878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298929171, 13.360%, 12/04/2027 †§x | Upgrade | 12/09/2024 | 20073 | 19912 | 20033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2989443, 12.460%, 9/14/2030 †x◇ | Best Egg | 9/17/2025 | 44671 | 43499 | 44898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298946992, 16.110%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 33319 | 32978 | 32277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298954607, 17.580%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 32696 | 32360 | 31661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2989554, 9.610%, 9/14/2030 †x◇ | Best Egg | 9/17/2025 | 23400 | 22787 | 23373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298957625, 16.110%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 24989 | 24733 | 24209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2989704, 12.180%, 9/14/2030 †x◇ | Best Egg | 9/17/2025 | 28133 | 27394 | 28278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298972421, 14.140%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 33022 | 32688 | 31998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298972874, 15.600%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 29254 | 28955 | 28343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298974290, 12.970%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 39411 | 39013 | 38649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298975309, 10.500%, 12/04/2027 †§x | Upgrade | 12/09/2024 | 31756 | 31506 | 31929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298976754, 14.920%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 34798 | 34444 | 34092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298985422, 16.600%, 12/01/2029 †§x | Upgrade | 12/13/2024 | 25726 | 25462 | 24940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298989342, 15.600%, 12/19/2029 †x# | Upgrade | 12/09/2024 | 34568 | 34209 | 27229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 298996614, 14.330%, 12/06/2027 †§x | Upgrade | 12/09/2024 | 26448 | 26235 | 26260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299001329, 15.140%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 32344 | 32015 | 31333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299008715, 16.110%, 12/04/2029 †§x# | Upgrade | 12/09/2024 | 20659 | 20447 | 20031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299015326, 17.580%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 33534 | 33189 | 32472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299026493, 15.600%, 12/15/2028 †§x | Upgrade | 12/09/2024 | 33631 | 33308 | 32547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299038145, 15.140%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 31465 | 31145 | 30912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299046359, 14.140%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 37209 | 36831 | 36059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2990631, 12.640%, 9/14/2029 †x◇ | Best Egg | 9/17/2025 | 20188 | 19666 | 20190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299073272, 14.140%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 29720 | 29419 | 28803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299076914, 16.110%, 12/14/2029 †§x | Upgrade | 12/09/2024 | 32690 | 32351 | 31696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2990832, 17.090%, 9/14/2030 †x#◇ | Best Egg | 9/17/2025 | 46660 | 45417 | 46016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299088488, 15.140%, 12/04/2029 †§x | Upgrade | 12/09/2024 | 22392 | 22164 | 21642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299092863, 13.590%, 12/06/2028 †§x | Upgrade | 12/09/2024 | 30867 | 30581 | 29845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299094600, 16.110%, 12/05/2029 †x | Upgrade | 12/09/2024 | 24919 | 24663 | 24260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299096850, 15.140%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 24880 | 24627 | 24104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2991119, 16.830%, 9/14/2030 †x◇ | Best Egg | 9/17/2025 | 46294 | 45066 | 45924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299120716, 15.600%, 12/05/2028 †§x | Upgrade | 12/09/2024 | 34632 | 34307 | 33418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299121897, 15.600%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 37168 | 36787 | 36027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299143899, 15.600%, 12/15/2029 †§x | Upgrade | 12/09/2024 | 32943 | 32602 | 31937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299154938, 14.140%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 24767 | 24516 | 24001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299155075, 14.290%, 12/05/2027 †§x | Upgrade | 12/09/2024 | 21156 | 20986 | 21030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299163387, 14.650%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 23997 | 23754 | 23706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2991816, 6.420%, 9/15/2029 †x◇ | Best Egg | 9/18/2025 | 32736 | 31892 | 32805 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**135** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 299181678, 16.600%, 12/05/2029 †§x | Upgrade | 12/09/2024 | $26295 | $26026 | $25465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299196292, 16.110%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 22490 | 22260 | 21790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299199464, 15.140%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 26124 | 25858 | 25311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299199867, 16.600%, 12/14/2029 †§x# | Upgrade | 12/09/2024 | 24899 | 24637 | 24176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299201962, 16.110%, 12/17/2029 †§x | Upgrade | 12/09/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299207061, 16.110%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 27488 | 27207 | 26632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299214388, 15.140%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 25050 | 24795 | 24270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299225740, 16.600%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 36229 | 35858 | 35085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299232308, 16.110%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 24989 | 24733 | 24211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299237576, 15.310%, 12/05/2027 †x | Upgrade | 12/09/2024 | 37068 | 36768 | 32050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2992432, 10.480%, 9/15/2030 †x◇ | Best Egg | 9/18/2025 | 46754 | 45527 | 46317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299249015, 9.530%, 12/06/2027 †§x | Upgrade | 12/09/2024 | 26434 | 26227 | 26588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2992584, 12.320%, 9/15/2030 †x◇ | Best Egg | 9/18/2025 | 29540 | 28763 | 29712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299260267, 17.580%, 12/15/2029 †§x | Upgrade | 12/09/2024 | 42209 | 41768 | 40912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2992617, 10.020%, 9/15/2030 †x◇ | Best Egg | 9/18/2025 | 29658 | 28880 | 29851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299264438, 17.580%, 12/05/2029 †§x | Upgrade | 12/09/2024 | 22062 | 21835 | 21365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299273235, 16.600%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 25248 | 24989 | 24452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2992802, 10.100%, 9/15/2030 †x◇ | Best Egg | 9/18/2025 | 26208 | 25516 | 26207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299285698, 7.510%, 12/06/2027 †§x | Upgrade | 12/09/2024 | 26146 | 25943 | 26353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2992953, 15.630%, 11/03/2029 †x#◇ | Best Egg | 9/18/2025 | 29214 | 28446 | 28956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2993008, 11.020%, 9/15/2030 †x◇ | Best Egg | 9/18/2025 | 21922 | 21346 | 21716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299303212, 15.600%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 27259 | 26981 | 26407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299303382, 16.600%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 26361 | 26091 | 25531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299309654, 14.330%, 12/06/2027 †§x | Upgrade | 12/09/2024 | 26448 | 26235 | 26260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299320384, 10.500%, 12/04/2027 †§x | Upgrade | 12/13/2024 | 23282 | 23098 | 23418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299320487, 10.650%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 24364 | 24121 | 24042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2993268, 15.880%, 9/16/2030 †x◇ | Best Egg | 9/19/2025 | 29243 | 28472 | 29087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299332609, 16.110%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 25826 | 25561 | 25023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299334388, 14.140%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 33022 | 32687 | 32003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299343723, 15.600%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 33039 | 32701 | 32040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299345889, 9.530%, 12/06/2027 †§x | Upgrade | 12/09/2024 | 26044 | 25840 | 26195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2993540, 8.330%, 9/16/2028 †x◇ | Best Egg | 9/19/2025 | 43775 | 42674 | 43863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299355520, 14.140%, 12/06/2029 †§x | Upgrade | 12/09/2024 | 33022 | 32687 | 32003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2993557, 28.290%, 9/16/2030 †x◇ | Best Egg | 9/19/2025 | 21412 | 20838 | 20914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299400884, 17.060%, 12/06/2028 †§x | Upgrade | 12/09/2024 | 26431 | 26180 | 25505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299411938, 15.140%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 33179 | 32840 | 32170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2994267, 13.930%, 9/16/2030 †x◇ | Best Egg | 9/19/2025 | 22887 | 22284 | 22998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2994308, 14.560%, 9/16/2029 †x◇ | Best Egg | 9/19/2025 | 24483 | 23847 | 24439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299455682, 10.650%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 24358 | 24115 | 24043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299462216, 16.110%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 24989 | 24733 | 24237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299463846, 14.140%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 37150 | 36773 | 36030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299472154, 15.600%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 28431 | 28141 | 27563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299485051, 15.140%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 25699 | 25436 | 24917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299489899, 17.580%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 20959 | 20743 | 20314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299492774, 15.600%, 12/21/2029 †§x | Upgrade | 12/12/2024 | 33426 | 33075 | 32503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2995079, 6.690%, 9/17/2029 †x◇ | Best Egg | 9/22/2025 | 31546 | 30732 | 31617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299513958, 16.110%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 37479 | 37091 | 36341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2995170, 11.100%, 9/17/2028 †x◇ | Best Egg | 9/22/2025 | 36083 | 35165 | 35993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2995362, 19.690%, 9/17/2030 †x◇ | Best Egg | 9/22/2025 | 45341 | 44140 | 43957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299536745, 17.580%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 25151 | 24891 | 24377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299537065, 16.110%, 12/09/2029 †§x | Upgrade | 12/12/2024 | 23302 | 23063 | 22595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2995382, 17.310%, 9/17/2030 †x◇ | Best Egg | 9/22/2025 | 41388 | 40294 | 41071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2995579, 7.480%, 9/17/2030 †x◇ | Best Egg | 9/22/2025 | 26811 | 26110 | 26672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299591037, 9.510%, 12/09/2027 †§x | Upgrade | 12/12/2024 | 29010 | 28782 | 29178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299592488, 17.580%, 12/22/2029 †§x | Upgrade | 12/12/2024 | 29607 | 29298 | 28730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2995945, 13.930%, 9/17/2030 †x◇ | Best Egg | 9/22/2025 | 28213 | 27469 | 27946 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**136** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 2996010, 16.330%, 10/25/2030 †x◇ | Best Egg | 9/22/2025 | $34349 | $33430 | $33976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2996149, 10.480%, 9/17/2030 †x◇ | Best Egg | 9/22/2025 | 53322 | 51920 | 52837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299626269, 16.600%, 12/24/2029 †x# | Upgrade | 12/12/2024 | 24458 | 24201 | 23812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2996289, 14.950%, 12/17/2028 †x# | Best Egg | 9/22/2025 | 23875 | 23265 | 23895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2996303, 15.870%, 9/17/2030 †x◇ | Best Egg | 9/22/2025 | 24526 | 23879 | 24343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299636437, 10.700%, 12/25/2027 †§x | Upgrade | 12/13/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299639495, 16.600%, 12/08/2029 †§x | Upgrade | 12/12/2024 | 37540 | 37155 | 36408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2996432, 10.170%, 9/17/2028 †x◇ | Best Egg | 9/22/2025 | 29558 | 28813 | 29576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299651215, 10.500%, 12/24/2027 †§x# | Upgrade | 12/12/2024 | 34050 | 33775 | 34298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299665347, 14.290%, 12/09/2027 †x | Upgrade | 12/12/2024 | 21165 | 21003 | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299679751, 15.060%, 12/09/2028 †§x | Upgrade | 12/12/2024 | 38380 | 38020 | 37127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2996824, 21.810%, 9/18/2030 †x◇ | Best Egg | 9/22/2025 | 26166 | 25470 | 25726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299687422, 15.140%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 29027 | 28731 | 28151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299696557, 15.060%, 12/09/2028 †x | Upgrade | 12/12/2024 | 37728 | 37374 | 36371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299702722, 15.600%, 12/25/2029 †x# | Upgrade | 12/13/2024 | 31557 | 31225 | 25091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2997226, 13.450%, 9/18/2030 †x◇ | Best Egg | 9/22/2025 | 27876 | 27140 | 28021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299723322, 16.600%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 23376 | 23135 | 22661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2997246, 8.870%, 9/18/2028 †x◇ | Best Egg | 9/22/2025 | 25428 | 24785 | 25499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2997416, 15.130%, 10/26/2030 †x◇ | Best Egg | 9/22/2025 | 49235 | 47929 | 48827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2997517, 10.800%, 9/18/2030 †x◇ | Best Egg | 9/22/2025 | 30505 | 29702 | 30230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2997535, 16.360%, 9/18/2030 †x◇ | Best Egg | 9/22/2025 | 42481 | 41357 | 42074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299765030, 15.060%, 12/10/2028 †§x | Upgrade | 12/13/2024 | 25331 | 25093 | 24509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299785298, 14.650%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 20687 | 20477 | 20447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299787090, 17.060%, 12/10/2028 †§x | Upgrade | 12/13/2024 | 24798 | 24563 | 23950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299788331, 16.110%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 22490 | 22259 | 21813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2997910, 7.480%, 9/18/2030 †x◇ | Best Egg | 9/22/2025 | 46506 | 45286 | 46269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2998007, 16.360%, 9/18/2030 †x◇ | Best Egg | 9/22/2025 | 25961 | 25274 | 25712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2998074, 9.790%, 9/18/2030 †x◇ | Best Egg | 9/22/2025 | 23349 | 22735 | 23330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299820916, 16.110%, 12/10/2029 †§x | Upgrade | 12/13/2024 | 33095 | 32755 | 32128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2998380, 11.020%, 10/25/2030 †x◇ | Best Egg | 9/24/2025 | 46860 | 45616 | 47233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2998406, 8.160%, 9/21/2028 †x◇ | Best Egg | 9/24/2025 | 23631 | 23034 | 23587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2998544, 13.970%, 9/21/2028 †x◇ | Best Egg | 9/24/2025 | 37442 | 36489 | 37346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2999085, 10.950%, 9/21/2029 †x#◇ | Best Egg | 9/24/2025 | 25118 | 24464 | 25208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299948822, 12.970%, 12/11/2029 †§x | Upgrade | 12/16/2024 | 41053 | 40638 | 40273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299960241, 10.500%, 12/11/2027 †§x | Upgrade | 12/16/2024 | 32404 | 32147 | 32605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 299978738, 12.690%, 12/11/2029 †§x | Upgrade | 12/16/2024 | 40999 | 40584 | 40546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 300060157, 15.600%, 12/11/2029 †§x | Upgrade | 12/16/2024 | 26244 | 25976 | 25464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000669, 11.990%, 9/21/2030 †x◇ | Best Egg | 9/24/2025 | 45114 | 43921 | 45077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000698, 9.340%, 9/21/2030 †x◇ | Best Egg | 9/24/2025 | 45728 | 44523 | 45706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3001115, 10.850%, 9/22/2030 †x◇ | Best Egg | 9/25/2025 | 23392 | 22774 | 23379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3001144, 9.830%, 9/22/2030 †x◇ | Best Egg | 9/25/2025 | 31757 | 30919 | 31742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3002494, 18.020%, 9/22/2030 †x◇ | Best Egg | 9/25/2025 | 47319 | 46058 | 46744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3002537, 8.480%, 9/22/2029 †x◇ | Best Egg | 9/25/2025 | 24137 | 23511 | 24245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3002883, 6.930%, 9/23/2030 †x◇ | Best Egg | 9/26/2025 | 24342 | 23703 | 24345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3003473, 18.530%, 9/23/2030 †x◇ | Best Egg | 9/26/2025 | 33148 | 32263 | 32750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3003785, 12.480%, 9/23/2030 †x◇ | Best Egg | 9/26/2025 | 28147 | 27401 | 28126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3004067, 7.620%, 9/23/2030 †x◇ | Best Egg | 9/26/2025 | 46518 | 45293 | 46522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3004295, 10.610%, 9/23/2028 †x◇ | Best Egg | 9/26/2025 | 34291 | 33421 | 34326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3005115, 11.490%, 9/24/2030 †x◇ | Best Egg | 9/29/2025 | 46834 | 45593 | 47131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3005244, 9.340%, 9/24/2030 †x◇ | Best Egg | 9/29/2025 | 36396 | 35434 | 36388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3005359, 12.460%, 9/24/2030 †x◇ | Best Egg | 9/29/2025 | 45972 | 44752 | 46251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3005997, 10.550%, 9/24/2029 †x#◇ | Best Egg | 9/29/2025 | 22218 | 21640 | 22108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3006166, 8.430%, 9/25/2029 †x◇ | Best Egg | 9/29/2025 | 28682 | 27936 | 28758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3006334, 5.890%, 9/25/2029 †x◇ | Best Egg | 9/29/2025 | 28323 | 27589 | 28430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3006504, 7.620%, 9/25/2028 †x#◇ | Best Egg | 9/29/2025 | 87431 | 85218 | 87685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3006622, 4.610%, 9/25/2028 †x◇ | Best Egg | 9/29/2025 | 52152 | 50838 | 51975 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**137** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 3006934, 6.580%, 9/25/2028 †x#◇ | Best Egg | 9/29/2025 | $21491 | $20949 | $21552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3007230, 7.970%, 9/25/2030 †x◇ | Best Egg | 9/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27236 | 27722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3007473, 10.360%, 9/25/2030 †x◇ | Best Egg | 9/29/2025 | 26176 | 25483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3007490, 10.180%, 9/25/2029 †x#◇ | Best Egg | 9/29/2025 | 20215 | 19690 | 20258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3007809, 5.400%, 11/01/2030 †x◇ | Best Egg | 10/01/2025 | 25047 | 24396 | 25054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3007899, 7.330%, 11/01/2030 †x◇ | Best Egg | 10/01/2025 | 23619 | 23005 | 23528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3008089, 12.150%, 11/01/2029 †x◇ | Best Egg | 10/01/2025 | 37435 | 36477 | 37463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3008732, 16.810%, 12/23/2030 †x◇ | Best Egg | 10/01/2025 | 22214 | 21621 | 22158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3008808, 12.970%, 11/01/2030 †x◇ | Best Egg | 10/01/2025 | 23818 | 23199 | 23723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3009235, 4.610%, 11/01/2028 †x◇ | Best Egg | 10/01/2025 | 24640 | 24024 | 24550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3009394, 6.630%, 11/01/2028 †x◇ | Best Egg | 10/01/2025 | 36691 | 35774 | 36558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3009533, 10.850%, 11/01/2030 †x◇ | Best Egg | 10/01/2025 | 30411 | 29621 | 30392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3009920, 7.370%, 11/01/2030 †x◇ | Best Egg | 10/01/2025 | 21259 | 20706 | 21257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3010544, 12.950%, 11/01/2030 †x◇ | Best Egg | 10/02/2025 | 23808 | 23190 | 23647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3010755, 16.590%, 12/01/2029 †x#◇ | Best Egg | 10/02/2025 | 23146 | 22536 | 22958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3011647, 13.930%, 11/01/2030 †x◇ | Best Egg | 10/02/2025 | 20395 | 19866 | 20256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304501897, 9.530%, 1/21/2028 †§x | Upgrade | 1/24/2025 | 20138 | 19971 | 20227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304505174, 9.500%, 1/21/2028 †§x | Upgrade | 1/24/2025 | 24834 | 24627 | 24975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304509574, 13.840%, 1/29/2028 †§x | Upgrade | 1/24/2025 | 24080 | 23868 | 23792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304510228, 13.670%, 1/21/2030 †§x | Upgrade | 1/24/2025 | 20927 | 20710 | 20290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304517915, 12.480%, 1/21/2028 †§x | Upgrade | 1/24/2025 | 33711 | 33426 | 33824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304527545, 15.600%, 1/21/2030 †§x | Upgrade | 1/24/2025 | 42196 | 41755 | 40977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304527884, 13.160%, 1/21/2030 †§x | Upgrade | 1/24/2025 | 25057 | 24798 | 24348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304533273, 15.140%, 1/21/2030 †§x | Upgrade | 1/24/2025 | 37903 | 37508 | 36824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304549153, 11.500%, 1/21/2028 †§x | Upgrade | 1/24/2025 | 19984 | 19816 | 20066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304559575, 14.140%, 1/21/2030 †§x | Upgrade | 1/24/2025 | 33550 | 33202 | 32593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304572571, 14.650%, 1/21/2030 †§x | Upgrade | 1/24/2025 | 31521 | 31193 | 31144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304582018, 15.140%, 1/21/2030 †§x | Upgrade | 1/24/2025 | 33692 | 33341 | 32654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304615553, 14.650%, 1/10/2030 †§x | Upgrade | 1/27/2025 | 20875 | 20657 | 20620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304618796, 15.600%, 1/22/2030 †§x | Upgrade | 1/27/2025 | 22208 | 21976 | 21580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304626802, 15.140%, 1/26/2030 †§x | Upgrade | 1/27/2025 | 32920 | 32574 | 32037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304633898, 15.600%, 1/22/2030 †§x | Upgrade | 1/27/2025 | 21098 | 20877 | 20501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304651910, 14.290%, 1/07/2028 †§x | Upgrade | 1/27/2025 | 20405 | 20230 | 20276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304656460, 15.060%, 1/22/2029 †§x | Upgrade | 1/27/2025 | 30628 | 30331 | 29674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304675864, 14.650%, 1/22/2030 †§x | Upgrade | 1/27/2025 | 33623 | 33272 | 33230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304697790, 12.090%, 1/22/2030 †§x | Upgrade | 1/27/2025 | 20722 | 20508 | 20160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304708457, 13.160%, 1/22/2030 †§x | Upgrade | 1/27/2025 | 29233 | 28930 | 28424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304709683, 13.160%, 1/31/2030 †x | Upgrade | 1/27/2025 | 26109 | 25834 | 25260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304709709, 11.850%, 1/22/2028 †§x | Upgrade | 1/27/2025 | 20369 | 20197 | 20272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304712060, 13.160%, 1/22/2030 †§x | Upgrade | 1/27/2025 | 24617 | 24362 | 23936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304727703, 13.840%, 1/23/2028 †§x | Upgrade | 1/27/2025 | 22278 | 22088 | 22141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304729552, 12.690%, 1/27/2030 †§x# | Upgrade | 1/27/2025 | 24632 | 24372 | 24281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304730601, 15.310%, 1/29/2028 †§x# | Upgrade | 2/03/2025 | 27431 | 27191 | 27120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304733519, 14.650%, 1/23/2030 †§x | Upgrade | 1/27/2025 | 30260 | 29945 | 29908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304740735, 10.520%, 1/23/2028 †§x | Upgrade | 1/27/2025 | 33728 | 33445 | 33867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304754647, 13.160%, 1/23/2030 †§x | Upgrade | 1/27/2025 | 41762 | 41329 | 40608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304769101, 15.600%, 1/23/2030 †§x | Upgrade | 1/27/2025 | 21098 | 20877 | 20502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304773958, 12.830%, 1/27/2028 †§x# | Upgrade | 1/27/2025 | 25151 | 24934 | 25061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304798753, 12.830%, 1/23/2028 †§x | Upgrade | 1/27/2025 | 26223 | 26000 | 26094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304826007, 11.710%, 1/23/2030 †§x | Upgrade | 1/27/2025 | 20748 | 20535 | 20515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304826509, 15.600%, 1/23/2030 †§x | Upgrade | 1/27/2025 | 21098 | 20877 | 20502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304847515, 13.160%, 2/08/2030 †§x | Upgrade | 1/27/2025 | 34185 | 33826 | 33058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304855408, 13.160%, 1/24/2030 †§x | Upgrade | 1/27/2025 | 25057 | 24797 | 24366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304856068, 15.140%, 1/24/2030 †§x | Upgrade | 1/27/2025 | 33692 | 33340 | 32758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304884734, 15.600%, 1/24/2030 †§x | Upgrade | 1/27/2025 | 34027 | 33671 | 33069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304892315, 8.540%, 1/24/2028 †§x | Upgrade | 1/27/2025 | 33399 | 33121 | 33564 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**138** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 304932679, 13.160%, 1/24/2030 †§x | Upgrade | 1/27/2025 | $31739 | $31410 | $30864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 304972169, 11.300%, 1/29/2029 †§x | Upgrade | 2/03/2025 | 24029 | 23798 | 23958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305051759, 13.590%, 1/28/2029 †§x | Upgrade | 1/31/2025 | 22313 | 22096 | 21518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305103549, 12.620%, 1/27/2029 †§x | Upgrade | 1/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305107021, 17.580%, 1/27/2030 †§x# | Upgrade | 1/30/2025 | 22530 | 22290 | 21923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305137740, 17.580%, 1/27/2030 †§x# | Upgrade | 1/30/2025 | 20759 | 20539 | 20179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305138108, 16.110%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 29431 | 29122 | 28647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305145696, 15.140%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 25943 | 25671 | 25264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305150314, 8.540%, 1/27/2028 †§x | Upgrade | 1/30/2025 | 23008 | 22816 | 23142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305151614, 15.060%, 1/27/2029 †§x | Upgrade | 1/30/2025 | 21986 | 21772 | 21343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305160678, 10.520%, 1/27/2028 †§x | Upgrade | 1/30/2025 | 27229 | 26999 | 27370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305160745, 15.600%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 31225 | 30898 | 30377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305167941, 12.870%, 1/27/2028 †§x | Upgrade | 1/30/2025 | 20469 | 20294 | 20387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305168013, 15.600%, 2/10/2030 †§x | Upgrade | 1/30/2025 | 21324 | 21097 | 20624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305171079, 13.670%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 20927 | 20709 | 20327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305174312, 14.290%, 1/27/2028 †§x | Upgrade | 1/30/2025 | 34347 | 34052 | 34208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305195921, 15.600%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 22970 | 22709 | 22337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305196352, 15.600%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 25317 | 25052 | 24630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305198435, 15.140%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 25269 | 25005 | 24608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305219332, 11.550%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 20734 | 20520 | 20334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305219763, 15.600%, 1/27/2030 †§x | Upgrade | 1/30/2025 | 22786 | 22547 | 22167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305275522, 14.140%, 1/28/2030 †§x | Upgrade | 1/31/2025 | 29331 | 29024 | 28365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305279523, 9.530%, 1/28/2028 †§x | Upgrade | 1/31/2025 | 26851 | 26625 | 26933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305281546, 14.140%, 1/28/2030 †§x# | Upgrade | 1/31/2025 | 28938 | 28635 | 27975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305282781, 12.830%, 1/30/2028 †§x | Upgrade | 1/31/2025 | 24202 | 23994 | 23998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305283561, 13.160%, 1/28/2030 †§x | Upgrade | 1/31/2025 | 26727 | 26449 | 25853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305289565, 11.710%, 1/28/2030 †§x | Upgrade | 1/31/2025 | 41497 | 41067 | 40931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305337956, 7.510%, 1/28/2028 †§x | Upgrade | 1/31/2025 | 19936 | 19770 | 20041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305338863, 13.160%, 1/28/2030 †§x | Upgrade | 1/31/2025 | 27563 | 27275 | 26661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305343626, 17.580%, 1/28/2030 †§x | Upgrade | 1/31/2025 | 31477 | 31143 | 30417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305359313, 13.180%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 30060 | 29746 | 29487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305370685, 15.600%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 33741 | 33386 | 32638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305374550, 14.140%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 35549 | 35177 | 34397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305388736, 14.650%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 29773 | 29461 | 29368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305408287, 11.500%, 1/29/2028 †§x | Upgrade | 2/03/2025 | 26039 | 25817 | 26113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305409437, 8.540%, 1/29/2028 †§x | Upgrade | 2/03/2025 | 20702 | 20528 | 20771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305412431, 12.200%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 32426 | 32090 | 31708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305412522, 15.140%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 29804 | 29491 | 28833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305419170, 14.140%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 26410 | 26134 | 25554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305429492, 12.690%, 1/29/2030 †§x | Upgrade | 2/03/2025 | 32550 | 32211 | 31437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305436954, 12.970%, 1/30/2030 †§x | Upgrade | 2/03/2025 | 38360 | 37961 | 37535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305465436, 14.290%, 1/29/2028 †§x | Upgrade | 2/03/2025 | 30909 | 30642 | 30625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305485018, 12.620%, 1/30/2029 †§x | Upgrade | 2/03/2025 | 34927 | 34589 | 33702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305554115, 13.160%, 1/30/2030 †§x | Upgrade | 2/03/2025 | 30463 | 30146 | 29482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 306858008, 13.160%, 2/28/2030 †§x | Upgrade | 3/03/2025 | 33941 | 33583 | 32858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 307734723, 15.600%, 3/18/2030 †§x# | Upgrade | 3/06/2025 | 33985 | 33620 | 32990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 307849704, 13.160%, 2/14/2030 †§x | Upgrade | 3/03/2025 | 27813 | 27520 | 27077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308452444, 13.160%, 3/05/2030 †§x | Upgrade | 3/10/2025 | 43145 | 42688 | 41808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308521661, 15.140%, 2/28/2030 †§x# | Upgrade | 3/03/2025 | 29288 | 28977 | 28340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308525144, 11.850%, 3/11/2028 †§x | Upgrade | 3/13/2025 | 26293 | 26061 | 26101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308566136, 15.140%, 2/28/2030 †§x | Upgrade | 3/03/2025 | 21377 | 21150 | 20685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308674164, 15.140%, 2/28/2030 †§x | Upgrade | 3/03/2025 | 29928 | 29610 | 28959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308681105, 15.060%, 3/06/2029 †§x | Upgrade | 3/10/2025 | 35491 | 35136 | 34206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308725293, 13.160%, 3/03/2030 †§x | Upgrade | 3/06/2025 | 33222 | 32870 | 32165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308881822, 13.160%, 3/03/2030 †§x | Upgrade | 3/06/2025 | 32359 | 32017 | 31329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308908435, 12.480%, 3/03/2028 †§x | Upgrade | 3/06/2025 | 25678 | 25452 | 25725 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**139** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 308989208, 15.600%, 3/05/2030 †§x# | Upgrade | 3/10/2025 | $37360 | $36960 | $36154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309010450, 15.140%, 3/19/2030 †§x | Upgrade | 3/07/2025 | 35000 | 34623 | 34004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309067340, 15.600%, 3/18/2030 †§x | Upgrade | 3/10/2025 | 42969 | 42512 | 41653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309188169, 17.580%, 3/15/2030 †§x | Upgrade | 3/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309194309, 17.580%, 3/06/2030 †§x | Upgrade | 3/10/2025 | 22793 | 22548 | 22059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309258497, 17.580%, 3/06/2030 †§x# | Upgrade | 3/10/2025 | 26206 | 25921 | 25362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309345011, 17.580%, 3/06/2030 †§x | Upgrade | 3/10/2025 | 25422 | 25149 | 24604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309364496, 11.710%, 3/02/2030 †§x# | Upgrade | 3/10/2025 | 42840 | 42387 | 42271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309371825, 10.410%, 3/07/2028 †§x | Upgrade | 3/10/2025 | 21822 | 21630 | 21744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309374819, 11.990%, 3/07/2030 †§x | Upgrade | 3/10/2025 | 41976 | 41531 | 41141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309456213, 13.160%, 3/07/2030 †§x | Upgrade | 3/10/2025 | 38830 | 38419 | 37631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309475786, 15.600%, 3/16/2030 †§x | Upgrade | 3/10/2025 | 43749 | 43283 | 42402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309486756, 15.600%, 3/07/2030 †§x | Upgrade | 3/10/2025 | 24377 | 24116 | 23612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309504143, 14.640%, 3/07/2030 †§x | Upgrade | 3/10/2025 | 43380 | 42918 | 42605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309507653, 17.580%, 3/10/2030 †§x | Upgrade | 3/13/2025 | 31559 | 31219 | 30569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309538169, 15.600%, 3/22/2030 †§x | Upgrade | 3/13/2025 | 39404 | 38977 | 38308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309547367, 17.580%, 3/10/2030 †§x# | Upgrade | 3/13/2025 | 27545 | 27248 | 26688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309601115, 15.310%, 3/09/2028 †§x | Upgrade | 3/13/2025 | 24106 | 23890 | 23853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309611290, 17.580%, 3/13/2030 †§x | Upgrade | 3/13/2025 | 26341 | 26056 | 25536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309628799, 15.310%, 3/10/2028 †§x | Upgrade | 3/13/2025 | 20397 | 20214 | 20186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309693790, 17.580%, 3/10/2030 †§x | Upgrade | 3/13/2025 | 35065 | 34688 | 33965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309763470, 17.580%, 3/12/2030 †§x | Upgrade | 3/13/2025 | 39492 | 39066 | 38274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309796356, 17.580%, 3/10/2030 †§x | Upgrade | 3/13/2025 | 26299 | 26016 | 25474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309811218, 15.310%, 3/24/2028 †§x | Upgrade | 3/13/2025 | 29901 | 29629 | 29692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309812507, 17.580%, 3/10/2030 †§x | Upgrade | 3/13/2025 | 26299 | 26016 | 25474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309872009, 10.410%, 3/24/2028 †§x | Upgrade | 3/14/2025 | 29255 | 28996 | 29200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309885524, 10.410%, 3/11/2028 †§x | Upgrade | 3/14/2025 | 25457 | 25232 | 25382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309886011, 15.600%, 3/11/2030 †§x | Upgrade | 3/14/2025 | 21765 | 21532 | 21103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309903392, 8.540%, 3/11/2028 †§x | Upgrade | 3/14/2025 | 33192 | 32901 | 33336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309915623, 15.600%, 3/11/2030 †§x | Upgrade | 3/14/2025 | 33766 | 33405 | 32739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309930699, 15.600%, 3/16/2030 †§x | Upgrade | 3/14/2025 | 43640 | 43170 | 42365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 309956635, 15.600%, 3/11/2030 †§x | Upgrade | 3/14/2025 | 36565 | 36174 | 35453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310012484, 13.160%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 25887 | 25612 | 25127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310016292, 11.850%, 3/12/2028 †§x | Upgrade | 3/17/2025 | 23416 | 23208 | 23257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310020544, 13.160%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 30365 | 30042 | 29441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310021582, 8.040%, 3/12/2028 †§x | Upgrade | 3/17/2025 | 25200 | 24979 | 25317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310026922, 9.700%, 3/12/2028 †§x | Upgrade | 3/17/2025 | 25380 | 25156 | 25532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310027630, 7.210%, 3/15/2028 †§x | Upgrade | 3/17/2025 | 35902 | 35588 | 36141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310032537, 15.060%, 3/12/2029 †§x | Upgrade | 3/17/2025 | 32862 | 32532 | 31720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310035204, 6.730%, 3/12/2028 †§x | Upgrade | 3/17/2025 | 22050 | 21857 | 22196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310049133, 12.620%, 3/12/2029 †§x | Upgrade | 3/17/2025 | 31750 | 31433 | 30590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310050997, 13.160%, 3/18/2030 †§x | Upgrade | 3/17/2025 | 24050 | 23792 | 23379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310052649, 15.600%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 21765 | 21532 | 21116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310062025, 14.150%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 21651 | 21421 | 21393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310064886, 15.140%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 43458 | 42994 | 42156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310070087, 13.160%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 21572 | 21343 | 20939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310071628, 15.140%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 33115 | 32761 | 32123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310087465, 15.600%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 43530 | 43064 | 42231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310087976, 14.620%, 3/27/2029 †§x | Upgrade | 3/17/2025 | 25637 | 25379 | 24543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310089007, 9.530%, 3/12/2028 †§x | Upgrade | 3/17/2025 | 21739 | 21547 | 21817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310092757, 11.850%, 2/28/2028 †§x | Upgrade | 3/17/2025 | 28072 | 27821 | 27820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310116359, 15.600%, 3/25/2030 †§x | Upgrade | 3/17/2025 | 34200 | 33835 | 33208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310119318, 15.600%, 3/12/2030 †§x | Upgrade | 3/17/2025 | 28055 | 27754 | 27218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310128459, 15.140%, 3/01/2030 †§x | Upgrade | 3/17/2025 | 26611 | 26326 | 25794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310142525, 12.190%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 21494 | 21266 | 20830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310142667, 12.870%, 3/28/2028 †§x | Upgrade | 3/17/2025 | 25252 | 25024 | 24956 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**140** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 310143709, 15.140%, 3/13/2030 †§x | Upgrade | 3/17/2025 | $32159 | $31815 | $31197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310143928, 14.620%, 3/13/2029 †§x | Upgrade | 3/17/2025 | 28706 | 28418 | 27648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310146975, 13.160%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 21572 | 21343 | 20941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310149684, 13.160%, 3/15/2030 †§x | Upgrade | 3/17/2025 | 21593 | 21363 | 20963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310158553, 13.160%, 3/13/2030 †§x | Upgrade | 3/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310161408, 13.160%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 34516 | 34149 | 33505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310162133, 11.360%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 21426 | 21200 | 21177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310170590, 15.140%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 23033 | 22787 | 22344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310173034, 7.210%, 3/13/2028 †§x | Upgrade | 3/17/2025 | 20599 | 20419 | 20726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310191469, 15.600%, 3/28/2030 †§x | Upgrade | 3/17/2025 | 34824 | 34450 | 33700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310206535, 13.160%, 3/16/2030 †§x | Upgrade | 3/17/2025 | 35506 | 35129 | 34473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310211465, 15.140%, 3/06/2030 †§x# | Upgrade | 3/17/2025 | 32040 | 31695 | 31024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310220604, 13.160%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 31064 | 30734 | 30155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310227705, 11.850%, 3/21/2028 †§x | Upgrade | 3/17/2025 | 22775 | 22572 | 22639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310237576, 15.140%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 27087 | 26798 | 26277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310243826, 9.670%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 30651 | 30329 | 30262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310249675, 13.160%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 34516 | 34149 | 33505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310273682, 15.140%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 43458 | 42994 | 42159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310286355, 15.600%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 42175 | 41722 | 40895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310292252, 11.490%, 3/13/2030 †§x | Upgrade | 3/17/2025 | 42873 | 42420 | 42081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310362751, 13.160%, 3/14/2030 †§x | Upgrade | 3/17/2025 | 37968 | 37564 | 36858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310364772, 15.600%, 3/14/2030 †§x# | Upgrade | 3/17/2025 | 44624 | 44131 | 43333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310368232, 15.140%, 3/16/2030 †§x | Upgrade | 3/17/2025 | 34803 | 34430 | 33783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310370214, 15.140%, 3/21/2030 †§x | Upgrade | 3/17/2025 | 34880 | 34503 | 33903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310388191, 15.600%, 3/15/2030 †§x | Upgrade | 3/17/2025 | 22212 | 21974 | 21558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310390363, 15.600%, 3/14/2030 †§x | Upgrade | 3/17/2025 | 31341 | 31006 | 30410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310393143, 13.160%, 3/25/2030 †§x | Upgrade | 3/17/2025 | 25152 | 24885 | 24434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310401174, 15.600%, 3/07/2030 †§x | Upgrade | 3/17/2025 | 21680 | 21447 | 21020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310407161, 13.160%, 3/18/2030 †§x | Upgrade | 3/17/2025 | 25931 | 25654 | 25197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310407579, 14.290%, 3/20/2028 †§x | Upgrade | 3/17/2025 | 29671 | 29405 | 29473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310415032, 13.160%, 3/14/2030 †§x | Upgrade | 3/17/2025 | 27479 | 27187 | 26676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310426439, 13.160%, 3/18/2030 †§x | Upgrade | 3/17/2025 | 22045 | 21811 | 21406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310436082, 10.150%, 3/14/2030 †§x | Upgrade | 3/17/2025 | 32415 | 32074 | 32003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310437745, 15.140%, 3/14/2030 †§x | Upgrade | 3/17/2025 | 23272 | 23023 | 22577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310445407, 14.620%, 3/28/2029 †§x# | Upgrade | 3/17/2025 | 29494 | 29193 | 28305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310467691, 11.850%, 3/01/2028 †§x# | Upgrade | 3/17/2025 | 20544 | 20361 | 20353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310469634, 13.160%, 3/14/2030 †§x | Upgrade | 3/17/2025 | 34516 | 34149 | 33507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310474189, 13.160%, 3/14/2030 †§x | Upgrade | 3/17/2025 | 31064 | 30734 | 30156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310479597, 15.600%, 3/20/2030 †§x | Upgrade | 3/17/2025 | 31447 | 31110 | 30524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310490023, 13.160%, 3/17/2030 †§x | Upgrade | 3/20/2025 | 21572 | 21343 | 20957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310492554, 13.160%, 3/03/2030 †§x | Upgrade | 3/20/2025 | 20990 | 20767 | 20369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310496938, 12.870%, 3/17/2028 †§x | Upgrade | 3/20/2025 | 29394 | 29131 | 29157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310497815, 15.140%, 3/17/2030 †§x | Upgrade | 3/20/2025 | 29552 | 29235 | 28692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310510440, 14.640%, 3/31/2030 †x# | Upgrade | 3/20/2025 | 28061 | 27763 | 21556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310511238, 15.600%, 3/17/2030 †§x | Upgrade | 3/20/2025 | 21768 | 21534 | 21137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310513852, 9.200%, 3/17/2028 †§x | Upgrade | 3/20/2025 | 29783 | 29520 | 29974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310526917, 15.600%, 3/17/2030 †§x | Upgrade | 3/20/2025 | 24377 | 24115 | 23670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310563813, 11.850%, 3/17/2028 †x | Upgrade | 3/20/2025 | 24778 | 24557 | 20958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310565598, 13.160%, 3/17/2030 †§x | Upgrade | 3/20/2025 | 22435 | 22197 | 21795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310568286, 15.140%, 3/31/2030 †§x | Upgrade | 3/20/2025 | 25801 | 25525 | 24905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310631904, 13.160%, 3/17/2030 †§x | Upgrade | 3/20/2025 | 21020 | 20795 | 20409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 310638964, 14.650%, 3/21/2030 †§x | Upgrade | 3/20/2025 | 39043 | 38626 | 38608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3122582, 9.270%, 1/04/2029 †x◇ | Best Egg | 1/07/2026 | 24392 | 23737 | 24304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3122741, 19.950%, 1/04/2031 †x◇ | Best Egg | 1/07/2026 | 42072 | 40931 | 41659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3123420, 7.140%, 1/04/2031 †x◇ | Best Egg | 1/07/2026 | 39440 | 38356 | 39290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3123688, 11.970%, 1/04/2031 †x◇ | Best Egg | 1/07/2026 | 48656 | 47327 | 48449 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**141** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 3123943, 21.650%, 1/04/2031 †x | Best Egg | 1/07/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36136 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35157 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3124347, 6.280%, 1/04/2031 †x#◇ | Best Egg | 1/07/2026 | 38685 | 37610 | 38547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3124528, 28.290%, 1/05/2031 †x◇ | Best Egg | 1/08/2026 | 21982 | 21389 | 21688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3124744, 9.730%, 1/05/2029 †x#◇ | Best Egg | 1/08/2026 | 47686 | 46393 | 47514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3125668, 13.690%, 1/05/2031 †x◇ | Best Egg | 1/08/2026 | 31533 | 30671 | 31334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3125725, 16.230%, 1/05/2031 †x◇ | Best Egg | 1/08/2026 | 39556 | 38477 | 39297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3125778, 7.700%, 1/05/2031 †x◇ | Best Egg | 1/08/2026 | 37475 | 36445 | 37345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3126114, 9.550%, 1/06/2030 †x◇ | Best Egg | 1/09/2026 | 46678 | 45405 | 46463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3126170, 12.690%, 1/06/2029 †x◇ | Best Egg | 1/09/2026 | 23445 | 22815 | 23356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3126602, 12.480%, 1/06/2031 †x◇ | Best Egg | 1/09/2026 | 69144 | 67248 | 68858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3126798, 19.690%, 1/06/2031 †x◇ | Best Egg | 1/09/2026 | 20487 | 19929 | 20349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3127129, 10.180%, 1/06/2030 †x◇ | Best Egg | 1/09/2026 | 41822 | 40681 | 41645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3127243, 7.260%, 1/07/2031 †x◇ | Best Egg | 1/12/2026 | 49302 | 47942 | 49138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3127937, 7.900%, 1/07/2031 †x◇ | Best Egg | 1/12/2026 | 22191 | 21579 | 22068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3127967, 8.780%, 1/07/2030 †x◇ | Best Egg | 1/12/2026 | 31021 | 30172 | 30896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3128241, 20.780%, 1/07/2031 †x#◇ | Best Egg | 1/12/2026 | 29596 | 28764 | 29321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3128275, 6.870%, 1/07/2030 †x◇ | Best Egg | 1/12/2026 | 27875 | 27111 | 27825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3128827, 15.370%, 1/08/2031 †x◇ | Best Egg | 1/12/2026 | 38300 | 37241 | 38066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3128954, 10.630%, 1/08/2031 †x◇ | Best Egg | 1/12/2026 | 29169 | 28366 | 29058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3128975, 6.280%, 1/08/2031 †x◇ | Best Egg | 1/12/2026 | 46624 | 45335 | 46475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3129057, 11.720%, 1/08/2031 †x◇ | Best Egg | 1/12/2026 | 28086 | 27313 | 27924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3129093, 14.600%, 1/08/2029 †x◇ | Best Egg | 1/12/2026 | 29326 | 28535 | 29171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3129504, 26.810%, 1/11/2029 †x◇ | Best Egg | 1/14/2026 | 27223 | 26489 | 27094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3129938, 10.870%, 1/11/2030 †x◇ | Best Egg | 1/14/2026 | 21028 | 20450 | 20946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3130100, 12.470%, 1/11/2029 †x◇ | Best Egg | 1/14/2026 | 40815 | 39707 | 40673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3130238, 5.840%, 1/11/2031 †x◇ | Best Egg | 1/14/2026 | 21682 | 21081 | 21617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3130314, 12.310%, 2/26/2031 †x◇ | Best Egg | 1/14/2026 | 83523 | 81171 | 83294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3130419, 12.070%, 1/11/2030 †x◇ | Best Egg | 1/14/2026 | 32695 | 31797 | 32564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3130462, 12.870%, 2/17/2029 †x◇ | Best Egg | 1/14/2026 | 31602 | 30736 | 31553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3130491, 6.950%, 1/11/2030 †x◇ | Best Egg | 1/14/2026 | 26999 | 26256 | 26954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3130820, 9.400%, 1/11/2031 †x◇ | Best Egg | 1/14/2026 | 39471 | 38379 | 39334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3131459, 10.250%, 1/12/2031 †x◇ | Best Egg | 1/15/2026 | 32079 | 31191 | 31968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3132026, 12.280%, 1/12/2030 †x◇ | Best Egg | 1/15/2026 | 49181 | 47829 | 48986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3132148, 6.770%, 1/12/2030 †x◇ | Best Egg | 1/15/2026 | 41771 | 40620 | 41627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3132570, 13.930%, 1/13/2031 †x◇ | Best Egg | 1/16/2026 | 27670 | 26904 | 27521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3133151, 12.850%, 1/13/2029 †x◇ | Best Egg | 1/16/2026 | 38923 | 37867 | 38743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3133200, 6.280%, 1/13/2031 †x◇ | Best Egg | 1/16/2026 | 29571 | 28750 | 29485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3133275, 6.770%, 1/13/2030 †x◇ | Best Egg | 1/16/2026 | 20616 | 20047 | 20547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3133280, 13.180%, 1/13/2029 †x◇ | Best Egg | 1/16/2026 | 20762 | 20197 | 20692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3133638, 5.700%, 1/14/2029 †x◇ | Best Egg | 1/20/2026 | 48720 | 47385 | 48660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3133781, 12.140%, 1/14/2029 †x◇ | Best Egg | 1/20/2026 | 29301 | 28500 | 29248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3134265, 16.840%, 1/14/2031 †x◇ | Best Egg | 1/20/2026 | 27639 | 26873 | 27531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3134270, 5.840%, 1/14/2031 †x◇ | Best Egg | 1/20/2026 | 24639 | 23953 | 24569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3134576, 10.250%, 1/15/2029 †x◇ | Best Egg | 1/20/2026 | 44388 | 43172 | 44316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3134734, 12.180%, 1/15/2031 †x◇ | Best Egg | 1/20/2026 | 39387 | 38298 | 39252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3134853, 13.910%, 1/15/2031 †x◇ | Best Egg | 1/20/2026 | 38498 | 37428 | 38361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3134974, 17.190%, 1/15/2030 †x◇ | Best Egg | 1/20/2026 | 31080 | 30222 | 30949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135005, 12.730%, 1/15/2031 †x◇ | Best Egg | 1/20/2026 | 24696 | 24010 | 24571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135016, 11.460%, 1/15/2030 †x◇ | Best Egg | 1/20/2026 | 29501 | 28685 | 29385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135035, 12.090%, 1/15/2031 †x◇ | Best Egg | 1/20/2026 | 33535 | 32605 | 33421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135215, 11.320%, 1/15/2029 †x◇ | Best Egg | 1/20/2026 | 33302 | 32380 | 33166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135252, 10.540%, 1/15/2029 †x◇ | Best Egg | 1/20/2026 | 26308 | 25588 | 26229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135594, 14.900%, 1/15/2031 †x◇ | Best Egg | 1/20/2026 | 27946 | 27170 | 27844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135718, 15.930%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 24720 | 24029 | 24600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3135990, 11.110%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 29174 | 28358 | 29087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3136257, 9.530%, 1/19/2030 †x◇ | Best Egg | 1/22/2026 | 26701 | 25958 | 26612 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**142** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 3136596, 6.150%, 1/19/2029 †x◇ | Best Egg | 1/22/2026 | $29237 | $28432 | $29167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3136706, 12.960%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 39517 | 38412 | 39335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3136979, 31.070%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 39701 | 38590 | 39210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3137227, 15.760%, 1/19/2029 †x◇ | Best Egg | 1/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3137430, 6.280%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 30800 | 29939 | 30722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3137537, 13.220%, 1/19/2029 †x◇ | Best Egg | 1/22/2026 | 34197 | 33254 | 34094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3137586, 9.170%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 24667 | 23978 | 24598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3137623, 10.100%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 39167 | 38072 | 39053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3138046, 11.510%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 44436 | 43193 | 44237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3138089, 11.530%, 1/19/2029 †x◇ | Best Egg | 1/22/2026 | 34177 | 33235 | 34079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3138203, 14.120%, 1/19/2029 †x◇ | Best Egg | 1/22/2026 | 29321 | 28513 | 29202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3138395, 14.170%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 24707 | 24016 | 24626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3138419, 17.060%, 1/19/2031 †x◇ | Best Egg | 1/22/2026 | 49457 | 48073 | 49210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3139006, 30.120%, 1/20/2031 †x◇ | Best Egg | 1/23/2026 | 32423 | 31514 | 32038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3139083, 21.200%, 1/20/2031 †x◇ | Best Egg | 1/23/2026 | 21607 | 21001 | 21461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3139194, 18.510%, 1/20/2031 †x◇ | Best Egg | 1/23/2026 | 26716 | 25967 | 26582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3139559, 15.870%, 1/20/2031 †x◇ | Best Egg | 1/23/2026 | 49133 | 47757 | 48969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3139656, 8.780%, 1/20/2029 †x◇ | Best Egg | 1/23/2026 | 30241 | 29406 | 30164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3139670, 11.990%, 1/20/2031 †x◇ | Best Egg | 1/23/2026 | 20067 | 19505 | 20007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3139985, 22.830%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 22072 | 21452 | 21924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140103, 7.260%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 27609 | 26836 | 27539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140156, 14.660%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 35090 | 34105 | 34931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140169, 12.550%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 35915 | 34918 | 35807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140213, 11.720%, 1/21/2029 †x◇ | Best Egg | 1/26/2026 | 30913 | 30063 | 30808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140350, 20.170%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 35268 | 34278 | 35039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140358, 11.640%, 1/21/2030 †x◇ | Best Egg | 1/26/2026 | 36612 | 35590 | 36495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140376, 17.540%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 29672 | 28840 | 29530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140487, 4.950%, 1/21/2029 †x◇ | Best Egg | 1/26/2026 | 29220 | 28412 | 29191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140714, 11.110%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 33569 | 32628 | 33474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140749, 17.730%, 1/21/2030 †x◇ | Best Egg | 1/26/2026 | 39414 | 38312 | 39260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140827, 7.750%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 20217 | 19651 | 20165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140840, 11.600%, 1/21/2030 †x◇ | Best Egg | 1/26/2026 | 30890 | 30022 | 30847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3141060, 9.610%, 1/21/2031 †x◇ | Best Egg | 1/26/2026 | 28855 | 28046 | 28777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3141309, 10.030%, 1/22/2029 †x◇ | Best Egg | 1/26/2026 | 47680 | 46358 | 47613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3141321, 20.090%, 1/22/2029 †x◇ | Best Egg | 1/26/2026 | 23258 | 22612 | 23123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3141509, 7.310%, 1/22/2029 †x◇ | Best Egg | 1/26/2026 | 37050 | 36024 | 36964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3141824, 15.850%, 1/22/2031 †x◇ | Best Egg | 1/26/2026 | 48461 | 47097 | 48249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3141883, 21.610%, 1/22/2031 †x◇ | Best Egg | 1/26/2026 | 24759 | 24062 | 24600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3142628, 13.210%, 1/25/2031 †x◇ | Best Egg | 1/28/2026 | 49293 | 47902 | 49100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3142819, 11.770%, 1/25/2031 †x◇ | Best Egg | 1/28/2026 | 29626 | 28791 | 29550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3143305, 10.740%, 1/25/2031 †x◇ | Best Egg | 1/28/2026 | 29616 | 28782 | 29507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3143776, 10.990%, 1/25/2029 †x◇ | Best Egg | 1/28/2026 | 26848 | 26100 | 26811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3143804, 16.580%, 1/25/2031 †x◇ | Best Egg | 1/28/2026 | 20423 | 19845 | 20336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3143822, 13.450%, 1/25/2031 †x◇ | Best Egg | 1/28/2026 | 39523 | 38407 | 39367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3143906, 15.390%, 1/25/2031 †x◇ | Best Egg | 1/28/2026 | 93922 | 91269 | 93649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3144089, 14.170%, 3/01/2031 †x#◇ | Best Egg | 1/29/2026 | 24000 | 23332 | 23904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3144135, 22.080%, 3/01/2031 †x#◇ | Best Egg | 1/29/2026 | 43750 | 42526 | 43458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3144373, 23.300%, 3/01/2031 †x#◇ | Best Egg | 1/29/2026 | 40213 | 39087 | 39943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3144885, 14.790%, 3/01/2029 †x#◇ | Best Egg | 1/29/2026 | 30500 | 29665 | 30387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3145560, 18.020%, 3/01/2031 †x#◇ | Best Egg | 1/30/2026 | 29888 | 29080 | 29768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3145562, 6.930%, 3/01/2031 †x◇ | Best Egg | 1/30/2026 | 24140 | 23468 | 24095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3145639, 10.310%, 3/01/2029 †x#◇ | Best Egg | 1/30/2026 | 25000 | 24321 | 24945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3145788, 5.640%, 2/01/2029 †x#◇ | Best Egg | 1/30/2026 | 37183 | 36154 | 37145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3145930, 7.750%, 3/01/2031 †x◇ | Best Egg | 1/30/2026 | 40052 | 38937 | 39985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3146111, 12.480%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 25000 | 24314 | 24907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3146123, 10.950%, 3/01/2030 †x#◇ | Best Egg | 2/02/2026 | 50000 | 48630 | 49874 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**143** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 3146182, 10.120%, 2/01/2031 †x#◇ | Best Egg | 2/02/2026 | $30000 | $29167 | $29944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3146252, 13.930%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 25000 | 24316 | 24906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3146463, 12.730%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 56250 | 54708 | 56102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3146909, 23.990%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 33750 | 32846 | 33459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3147355, 12.230%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 35000 | 34040 | 34911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3147662, 17.420%, 3/01/2029 †x#◇ | Best Egg | 2/02/2026 | 43000 | 41843 | 42850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3147781, 13.210%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 21043 | 20467 | 20966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3148005, 11.110%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 36935 | 35920 | 36843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3148026, 11.070%, 3/01/2030 †x#◇ | Best Egg | 2/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3148049, 6.280%, 3/01/2031 †x#◇ | Best Egg | 2/02/2026 | 42500 | 41321 | 42427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3148480, 17.060%, 3/15/2031 †x◇ | Best Egg | 2/04/2026 | 43474 | 42137 | 43325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3148846, 13.210%, 2/01/2031 †x◇ | Best Egg | 2/04/2026 | 40000 | 38772 | 39868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3149080, 17.690%, 2/01/2029 †x◇ | Best Egg | 2/04/2026 | 22578 | 21897 | 22506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3149352, 15.270%, 2/01/2029 †x◇ | Best Egg | 2/04/2026 | 47000 | 45575 | 46854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3149443, 8.970%, 2/01/2031 †x◇ | Best Egg | 2/04/2026 | 45954 | 44533 | 45879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3149536, 13.200%, 2/01/2031 †x◇ | Best Egg | 2/04/2026 | 49309 | 47772 | 49194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3149912, 10.800%, 2/01/2031 †x◇ | Best Egg | 2/04/2026 | 32463 | 31462 | 32389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3150102, 10.540%, 2/01/2029 †x◇ | Best Egg | 2/04/2026 | 33100 | 32089 | 33037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3150140, 11.280%, 2/01/2029 †x◇ | Best Egg | 2/04/2026 | 27051 | 26226 | 26999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3150203, 15.370%, 2/01/2031 †x◇ | Best Egg | 2/04/2026 | 20978 | 20336 | 20907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3150401, 15.880%, 2/01/2031 †x◇ | Best Egg | 2/04/2026 | 47500 | 46048 | 47385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3150633, 14.080%, 2/02/2029 †x◇ | Best Egg | 2/05/2026 | 40000 | 38783 | 39881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3151133, 8.250%, 2/02/2031 †x◇ | Best Egg | 2/05/2026 | 20674 | 20029 | 20646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3151216, 6.930%, 2/02/2031 †x◇ | Best Egg | 2/05/2026 | 35000 | 33913 | 34947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3151296, 13.450%, 2/02/2031 †x◇ | Best Egg | 2/05/2026 | 27024 | 26193 | 26963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3151538, 10.210%, 2/02/2031 †x◇ | Best Egg | 2/05/2026 | 35030 | 33940 | 34977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3152307, 7.700%, 2/03/2031 †x◇ | Best Egg | 2/06/2026 | 43449 | 42100 | 43366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3152381, 11.280%, 2/03/2029 †x◇ | Best Egg | 2/06/2026 | 21388 | 20734 | 21350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3153252, 23.730%, 2/04/2029 †x◇ | Best Egg | 2/09/2026 | 26677 | 25870 | 26595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3153320, 9.420%, 3/26/2029 †x◇ | Best Egg | 2/09/2026 | 26437 | 25614 | 26372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3153557, 25.230%, 2/04/2031 †x◇ | Best Egg | 2/09/2026 | 31079 | 30134 | 30922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3153692, 9.720%, 2/04/2031 †x◇ | Best Egg | 2/09/2026 | 29000 | 28099 | 28957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3153931, 9.590%, 2/04/2031 †x◇ | Best Egg | 2/09/2026 | 50000 | 48447 | 49900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3154194, 15.540%, 2/04/2029 †x◇ | Best Egg | 2/09/2026 | 41000 | 39746 | 40885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3154264, 13.590%, 2/04/2030 †x◇ | Best Egg | 2/09/2026 | 20500 | 19868 | 20446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3154479, 14.540%, 2/05/2031 †x◇ | Best Egg | 2/09/2026 | 50000 | 48456 | 49856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3154521, 10.390%, 3/20/2029 †x◇ | Best Egg | 2/09/2026 | 30000 | 29069 | 29973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3155459, 19.470%, 2/05/2031 †x◇ | Best Egg | 2/09/2026 | 28801 | 27918 | 28666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3155539, 9.130%, 2/08/2031 †x◇ | Best Egg | 2/11/2026 | 40894 | 39603 | 40860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3155780, 9.230%, 2/08/2031 †x◇ | Best Egg | 2/11/2026 | 45600 | 44179 | 45543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3156058, 8.690%, 2/08/2029 †x◇ | Best Egg | 2/11/2026 | 42073 | 40766 | 42043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3156311, 5.300%, 2/08/2029 †x◇ | Best Egg | 2/11/2026 | 46149 | 44715 | 46118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3156774, 9.160%, 2/08/2031 †x◇ | Best Egg | 2/11/2026 | 27500 | 26643 | 27454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3156981, 14.680%, 2/08/2029 †x◇ | Best Egg | 2/11/2026 | 37429 | 36278 | 37370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3157225, 10.300%, 3/15/2029 †x◇ | Best Egg | 2/11/2026 | 36765 | 35626 | 36735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3157229, 12.580%, 2/08/2031 †x◇ | Best Egg | 2/11/2026 | 34000 | 32945 | 33940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3157338, 9.760%, 2/08/2029 †x◇ | Best Egg | 2/11/2026 | 50000 | 48454 | 49929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3157767, 10.110%, 2/09/2030 †x◇ | Best Egg | 2/12/2026 | 26382 | 25562 | 26340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3158321, 5.840%, 2/09/2031 †x◇ | Best Egg | 2/12/2026 | 21500 | 20827 | 21476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3158326, 10.590%, 2/09/2031 †x◇ | Best Egg | 2/12/2026 | 25000 | 24221 | 24959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3158564, 13.210%, 2/09/2031 †x◇ | Best Egg | 2/12/2026 | 38039 | 36858 | 37974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3158651, 13.930%, 2/09/2031 †x◇ | Best Egg | 2/12/2026 | 50000 | 48448 | 49881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3158933, 9.840%, 2/10/2031 †x◇ | Best Egg | 2/13/2026 | 28258 | 27376 | 28197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3159216, 6.820%, 2/10/2031 †x◇ | Best Egg | 2/13/2026 | 22119 | 21425 | 22090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3159241, 7.260%, 2/10/2031 †x◇ | Best Egg | 2/13/2026 | 49159 | 47616 | 49106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3159384, 12.200%, 2/10/2029 †x◇ | Best Egg | 2/13/2026 | 24000 | 23257 | 23967 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**144** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 3159901, 11.170%, 2/10/2030 †x◇ | Best Egg | 2/13/2026 | $62500 | $60557 | $62403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3160632, 11.950%, 2/11/2031 †x◇ | Best Egg | 2/17/2026 | 30000 | 29061 | 29937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3161163, 26.860%, 2/12/2031 †x◇ | Best Egg | 2/17/2026 | 29000 | 28103 | 28866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3161883, 10.070%, 2/12/2031 †x◇ | Best Egg | 2/17/2026 | 31788 | 30791 | 31744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3161988, 10.730%, 2/12/2029 †x◇ | Best Egg | 2/17/2026 | 40000 | 38753 | 39952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3162525, 13.600%, 2/16/2029 †x◇ | Best Egg | 2/19/2026 | 22096 | 21398 | 22066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3162637, 22.350%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 31898 | 30891 | 31815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3162746, 7.360%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 27500 | 26634 | 27473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3162761, 26.380%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 36514 | 35379 | 36386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3163038, 9.840%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 24014 | 23259 | 23979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3163330, 18.150%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21905 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3163577, 9.760%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 36838 | 35680 | 36799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164365, 11.640%, 2/16/2030 †x◇ | Best Egg | 2/19/2026 | 27300 | 26444 | 27263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164432, 14.890%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 21090 | 20429 | 21056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164558, 15.050%, 2/16/2030 †x◇ | Best Egg | 2/19/2026 | 53186 | 51522 | 53122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164574, 17.540%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 40000 | 38749 | 39933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164606, 7.260%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 39058 | 37829 | 39029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164662, 12.720%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 33000 | 31965 | 32950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164687, 6.550%, 2/16/2030 †x◇ | Best Egg | 2/19/2026 | 47614 | 46117 | 47569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164859, 15.460%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 49000 | 47465 | 48921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3164865, 15.090%, 2/16/2029 †x◇ | Best Egg | 2/19/2026 | 26444 | 25619 | 26405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3165101, 15.630%, 2/16/2031 †x◇ | Best Egg | 2/19/2026 | 31912 | 30912 | 31860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3165114, 8.290%, 2/16/2029 †x◇ | Best Egg | 2/19/2026 | 33875 | 32813 | 33846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3165255, 11.040%, 2/17/2031 †x◇ | Best Egg | 2/20/2026 | 40000 | 38742 | 39959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3165269, 11.020%, 2/17/2029 †x◇ | Best Egg | 2/20/2026 | 24700 | 23926 | 24678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3165719, 17.080%, 2/17/2031 †x◇ | Best Egg | 2/20/2026 | 25000 | 24217 | 24970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3165994, 16.110%, 2/17/2031 †x◇ | Best Egg | 2/20/2026 | 50000 | 48432 | 49942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3166016, 11.880%, 2/17/2031 †x◇ | Best Egg | 2/20/2026 | 41021 | 39732 | 40988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3166107, 16.100%, 2/17/2031 †x◇ | Best Egg | 2/20/2026 | 43474 | 42110 | 43408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3166130, 13.560%, 2/17/2031 †x◇ | Best Egg | 2/20/2026 | 35000 | 33901 | 34962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3166401, 14.170%, 2/17/2031 †x◇ | Best Egg | 2/20/2026 | 22000 | 21309 | 21968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3167078, 14.420%, 2/18/2031 †x◇ | Best Egg | 2/23/2026 | 27903 | 27023 | 27874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3167166, 14.910%, 2/18/2031 †x◇ | Best Egg | 2/23/2026 | 29600 | 28667 | 29560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3167454, 11.930%, 2/18/2030 †x◇ | Best Egg | 2/23/2026 | 27500 | 26633 | 27474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3167809, 6.660%, 2/19/2029 †x◇ | Best Egg | 2/23/2026 | 50000 | 48423 | 49969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3168163, 12.060%, 2/19/2031 †x◇ | Best Egg | 2/23/2026 | 20886 | 20227 | 20867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3170124, 14.160%, 2/22/2031 †x◇ | Best Egg | 2/25/2026 | 37500 | 36314 | 37474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3170365, 7.970%, 2/22/2029 †x◇ | Best Egg | 2/25/2026 | 30000 | 29051 | 29990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3170576, 10.750%, 2/22/2029 †x◇ | Best Egg | 2/25/2026 | 21046 | 20381 | 21031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3170650, 9.270%, 2/22/2031 †x◇ | Best Egg | 2/25/2026 | 37438 | 36253 | 37420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3170722, 12.420%, 2/22/2031 †x◇ | Best Egg | 2/25/2026 | 34000 | 32925 | 33978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3170922, 13.940%, 2/22/2031 †x◇ | Best Egg | 2/25/2026 | 39222 | 37982 | 39194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3170985, 9.120%, 2/22/2031 †x◇ | Best Egg | 2/25/2026 | 27151 | 26292 | 27136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3171611, 19.210%, 2/23/2031 †x◇ | Best Egg | 2/26/2026 | 31717 | 30714 | 31682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3172231, 8.780%, 2/24/2031 †x | Best Egg | 2/27/2026 | 50000 | 48414 | 48410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3172534, 21.600%, 2/24/2031 †x | Best Egg | 2/27/2026 | 40000 | 38733 | 38728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3173437, 9.320%, 2/24/2029 †x | Best Egg | 2/27/2026 | 21983 | 21286 | 21284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 319383971, 15.310%, 6/30/2028 †§x | Upgrade | 6/30/2025 | 30658 | 30158 | 30127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 321011017, 19.710%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 33053 | 32511 | 32413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 322570859, 13.670%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 23933 | 23502 | 23455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 327030867, 17.580%, 6/30/2030 †§x | Upgrade | 6/30/2025 | 32906 | 32309 | 31657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 327033570, 16.090%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 27265 | 26771 | 26384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 327482200, 15.140%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 36265 | 35610 | 35071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 327893531, 15.600%, 6/25/2030 †§x# | Upgrade | 6/30/2025 | 23052 | 22632 | 22337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 327904736, 15.600%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 29682 | 29145 | 28724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 327991766, 20.420%, 6/25/2030 †§x | Upgrade | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26277 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**145** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 328135806, 12.940%, 6/25/2030 †§x | Upgrade | 6/30/2025 | $35965 | $35319 | $35243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328149952, 29.750%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 23418 | 22983 | 22732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328240992, 14.620%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 34863 | 34259 | 33496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328254722, 15.620%, 6/11/2030 †§x | Upgrade | 6/30/2025 | 29723 | 29186 | 28192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328273561, 14.620%, 6/26/2029 †§x# | Upgrade | 6/30/2025 | 44410 | 43639 | 42680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328276792, 13.160%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 31567 | 30999 | 30548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328278343, 20.770%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 26576 | 26108 | 25017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328331056, 15.620%, 6/17/2030 †§x | Upgrade | 6/30/2025 | 27120 | 26629 | 25732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328431540, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 36738 | 36066 | 34689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328459763, 19.710%, 6/27/2028 †x# | Upgrade | 6/30/2025 | 44704 | 43971 | 38797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328472093, 13.160%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 37053 | 36385 | 35590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328711345, 12.860%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 40511 | 39858 | 39772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328808810, 15.620%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 36310 | 35653 | 34548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328952229, 10.740%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 41392 | 40652 | 40553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 328969132, 11.720%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 26951 | 26469 | 26388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329120828, 15.060%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 25307 | 24867 | 24373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329121247, 14.290%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 22782 | 22414 | 22536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329327928, 29.750%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 21544 | 21144 | 20915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329373119, 19.710%, 6/27/2028 †§x | Upgrade | 6/30/2025 | 41316 | 40638 | 40131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329380031, 12.600%, 6/30/2030 †§x | Upgrade | 6/30/2025 | 27040 | 26553 | 26457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329390919, 10.520%, 7/09/2028 †§x# | Upgrade | 6/30/2025 | 29207 | 28738 | 29066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329402105, 13.160%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 22548 | 22142 | 21820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329424860, 14.650%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 36219 | 35565 | 35003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329425583, 15.600%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 31769 | 31195 | 30744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329430502, 20.420%, 7/05/2030 †§x | Upgrade | 7/07/2025 | 30678 | 30116 | 29010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329439480, 14.540%, 6/11/2030 †§x | Upgrade | 6/30/2025 | 43138 | 42360 | 42076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329460356, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 24610 | 24160 | 23412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329460525, 15.600%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 36308 | 35651 | 35135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329469715, 29.750%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 23418 | 22983 | 22732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329475623, 28.280%, 6/16/2028 †§x | Upgrade | 6/30/2025 | 20902 | 20552 | 20151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329495892, 15.610%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 29047 | 28522 | 27636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329500703, 9.760%, 6/26/2029 †§x | Upgrade | 6/30/2025 | 42977 | 42240 | 42162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329668757, 15.610%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 40847 | 40109 | 38863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329672985, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 36738 | 36066 | 35038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329684640, 14.640%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 35288 | 34650 | 34050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329713306, 19.990%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 26523 | 26057 | 25315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329716372, 12.200%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 35982 | 35337 | 34776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329738623, 17.580%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 24429 | 23986 | 23624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329739419, 14.620%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 20918 | 20555 | 20098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329746802, 15.380%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 35575 | 34932 | 34427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329833334, 11.720%, 7/16/2029 †§x | Upgrade | 7/07/2025 | 26467 | 26008 | 25550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329845388, 20.420%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 41330 | 40575 | 39316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329847449, 25.050%, 7/06/2029 †§x | Upgrade | 7/07/2025 | 22842 | 22434 | 21627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329854639, 12.610%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 30334 | 29810 | 29209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329856316, 28.280%, 6/25/2028 †x# | Upgrade | 6/30/2025 | 23324 | 22932 | 21467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329867296, 15.600%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 22692 | 22282 | 21960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329875563, 28.280%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 21131 | 20777 | 20422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329891804, 15.720%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 36319 | 35662 | 34642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329966596, 15.600%, 6/25/2030 †x# | Upgrade | 6/30/2025 | 30501 | 29891 | 23438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329967593, 11.720%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 25934 | 25488 | 24971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329968340, 20.420%, 6/15/2030 †§x | Upgrade | 6/30/2025 | 42383 | 41607 | 40196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329969488, 17.580%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 21300 | 20914 | 20599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329974164, 15.380%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 36287 | 35632 | 35115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329984434, 15.600%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 31769 | 31195 | 30743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329993333, 14.660%, 6/30/2029 †§x | Upgrade | 6/30/2025 | 22091 | 21707 | 21173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329998159, 15.600%, 6/25/2030 †§x | Upgrade | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35135 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**146** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 330006778, 20.420%, 6/26/2030 †x# | Upgrade | 6/30/2025 | $31550 | $30974 | $26142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330015109, 11.550%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 30252 | 29731 | 29127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330021454, 15.600%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 40795 | 40055 | 39424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330025149, 15.140%, 6/25/2030 †§x | Upgrade | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330030207, 15.140%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 31732 | 31159 | 30687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330060352, 12.610%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 43334 | 42586 | 41727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330066143, 15.600%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 29046 | 28521 | 28109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330067031, 20.420%, 6/25/2030 †§x# | Upgrade | 6/30/2025 | 21368 | 20978 | 20369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330070795, 24.440%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 20927 | 20579 | 20236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330071153, 15.620%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 36310 | 35653 | 34546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330073313, 12.200%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 21729 | 21339 | 21000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330075160, 20.420%, 6/27/2030 †§x# | Upgrade | 6/30/2025 | 29829 | 29278 | 28286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330077780, 19.710%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 20658 | 20319 | 20191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330091962, 25.970%, 6/30/2030 †§x | Upgrade | 6/30/2025 | 20959 | 20565 | 20181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330097004, 15.380%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 22679 | 22270 | 21947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330097425, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 29849 | 29304 | 28397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330121167, 7.070%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 22287 | 21934 | 22204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330132161, 15.600%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 32262 | 31677 | 31177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330138452, 17.340%, 7/10/2030 †§x | Upgrade | 6/30/2025 | 23168 | 22747 | 22318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330138860, 12.030%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 24247 | 23857 | 24125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330139852, 9.450%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 28067 | 27618 | 27931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330143108, 15.600%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 22692 | 22282 | 21959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330152299, 19.990%, 6/26/2029 †§x# | Upgrade | 6/30/2025 | 26204 | 25742 | 24983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330160214, 12.860%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 20900 | 20563 | 20517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330173411, 9.670%, 6/26/2029 †§x# | Upgrade | 6/30/2025 | 29946 | 29431 | 29568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330173529, 7.570%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 22092 | 21740 | 22005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330174042, 29.750%, 6/26/2030 †§x# | Upgrade | 6/30/2025 | 24271 | 23785 | 23707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330174828, 15.140%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 29918 | 29378 | 28935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330176665, 16.610%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 26290 | 25831 | 25263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330180066, 11.850%, 6/15/2028 †§x | Upgrade | 6/30/2025 | 24119 | 23732 | 23836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330182879, 15.600%, 6/30/2030 †§x | Upgrade | 6/30/2025 | 43057 | 42275 | 41523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330183288, 28.280%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 21135 | 20780 | 20427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330185384, 13.430%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 21023 | 20659 | 20196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330188587, 25.970%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 21387 | 20991 | 20783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330190056, 14.410%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 28504 | 27990 | 27566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330190093, 11.720%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 26951 | 26469 | 26047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330190875, 14.660%, 6/25/2029 †§x | Upgrade | 6/30/2025 | 26150 | 25697 | 25185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330192083, 14.410%, 6/18/2030 †§x | Upgrade | 6/30/2025 | 21645 | 21255 | 20903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330192431, 15.610%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 22693 | 22283 | 21592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330194225, 20.420%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 29666 | 29124 | 28220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330194877, 6.730%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 24649 | 24258 | 24591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330194904, 12.860%, 6/25/2028 †§x# | Upgrade | 6/30/2025 | 24967 | 24564 | 24492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330195237, 15.380%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 24403 | 23962 | 23615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330197851, 12.630%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 22671 | 22306 | 22504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330198837, 21.470%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 20758 | 20416 | 20145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330201691, 7.560%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 37867 | 37266 | 37725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330203169, 9.520%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 37499 | 36831 | 36734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330205686, 12.860%, 7/09/2028 †§x | Upgrade | 6/30/2025 | 31449 | 30940 | 30685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330210483, 9.690%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 24075 | 23690 | 23908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330213250, 10.520%, 6/28/2028 †§x | Upgrade | 6/30/2025 | 28161 | 27708 | 28042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330213970, 15.610%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 32492 | 31904 | 30913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330214923, 12.860%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 23881 | 23489 | 23425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330216461, 13.160%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 22997 | 22581 | 22254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330216760, 10.670%, 6/29/2028 †§x | Upgrade | 6/30/2025 | 23693 | 23312 | 23347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330217684, 14.160%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 28033 | 27528 | 27333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330217780, 15.610%, 6/15/2030 †§x | Upgrade | 6/30/2025 | 36113 | 35450 | 34261 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**147** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 330218001, 19.710%, 6/25/2028 †§x | Upgrade | 6/30/2025 | $20448 | $20109 | $20029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330218568, 12.940%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 27061 | 26574 | 26481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330219719, 12.450%, 6/25/2030 †§x | Upgrade | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330220013, 25.980%, 6/16/2030 †§x | Upgrade | 6/30/2025 | 22114 | 21705 | 21441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330221870, 10.740%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 44797 | 43996 | 43888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330227489, 25.970%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 21383 | 20988 | 20779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330230346, 10.740%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 23406 | 22988 | 22931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330233564, 6.730%, 7/01/2028 †§x# | Upgrade | 6/30/2025 | 22773 | 22411 | 22697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330235757, 15.610%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 22694 | 22283 | 21593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330236265, 25.200%, 6/25/2030 †§x# | Upgrade | 6/30/2025 | 34716 | 34071 | 33037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330236820, 6.730%, 7/07/2028 †§x | Upgrade | 6/30/2025 | 22233 | 21880 | 22161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330237684, 9.660%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 22330 | 21932 | 21858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330238897, 11.850%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 25041 | 24639 | 24779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330240853, 15.610%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 21785 | 21391 | 20727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330242558, 20.420%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 25349 | 24886 | 24114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330243052, 15.610%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 25280 | 24819 | 23998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330247713, 19.710%, 6/27/2028 †§x | Upgrade | 6/30/2025 | 20661 | 20321 | 20068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330250521, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 30308 | 29755 | 28833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330250602, 6.730%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 25444 | 25040 | 25384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330251187, 12.940%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 21422 | 21037 | 20983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330253273, 17.340%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 36467 | 35805 | 35267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330254192, 14.410%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 33485 | 32880 | 32383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330256404, 12.860%, 6/26/2028 †§x# | Upgrade | 6/30/2025 | 33390 | 32852 | 32963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330257983, 13.160%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 25163 | 24711 | 24351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330258461, 14.410%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 45245 | 44429 | 43756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330260331, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 45971 | 45119 | 43556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330260875, 12.450%, 6/16/2030 †§x | Upgrade | 6/30/2025 | 43929 | 43141 | 42442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330263807, 12.860%, 6/30/2028 †§x | Upgrade | 6/30/2025 | 28393 | 27934 | 27722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330267122, 12.450%, 6/26/2030 †§x# | Upgrade | 6/30/2025 | 36835 | 36172 | 35707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330270856, 8.290%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 31138 | 30585 | 30476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330276540, 15.620%, 6/25/2030 †§x# | Upgrade | 6/30/2025 | 26804 | 26316 | 25426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330279276, 29.750%, 6/25/2030 †§x# | Upgrade | 6/30/2025 | 24241 | 23757 | 23677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330279314, 25.970%, 6/20/2030 †§x# | Upgrade | 6/30/2025 | 21689 | 21284 | 21096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330279845, 19.710%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 21484 | 21132 | 21066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330281011, 12.450%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 45009 | 44201 | 43556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330284426, 20.420%, 6/27/2030 †x# | Upgrade | 6/30/2025 | 28164 | 27647 | 23073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330286374, 15.310%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 20402 | 20071 | 20133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330286670, 17.580%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 32840 | 32243 | 31758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330291453, 13.160%, 6/25/2030 †§x | Upgrade | 6/30/2025 | 36076 | 35428 | 34911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330295013, 10.740%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 22398 | 21998 | 21832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330295534, 15.310%, 6/26/2028 †§x# | Upgrade | 6/30/2025 | 24450 | 24052 | 24114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330295822, 17.580%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 45133 | 44311 | 43648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330297713, 10.520%, 6/25/2028 †§x# | Upgrade | 6/30/2025 | 22815 | 22450 | 22724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330303458, 15.620%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 26324 | 25848 | 25047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330310371, 12.860%, 6/25/2028 †§x | Upgrade | 6/30/2025 | 21163 | 20822 | 20776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330312691, 13.430%, 6/26/2029 †§x | Upgrade | 6/30/2025 | 28433 | 27940 | 27304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330314310, 11.720%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 35037 | 34409 | 34305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330319665, 14.620%, 6/26/2029 †§x | Upgrade | 6/30/2025 | 22661 | 22268 | 21773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330320540, 13.160%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 29853 | 29316 | 28890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330322229, 19.710%, 6/27/2028 †§x | Upgrade | 6/30/2025 | 21418 | 21067 | 20804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330324895, 19.990%, 6/26/2029 †§x | Upgrade | 6/30/2025 | 28733 | 28228 | 27121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330327504, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 39509 | 38785 | 37202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330329750, 12.450%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 27005 | 26521 | 26134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330330072, 25.970%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 23242 | 22813 | 22586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330330414, 15.610%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 31770 | 31196 | 30228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330331002, 12.450%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 27017 | 26531 | 26146 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**148** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 330331229, 29.750%, 6/26/2030 †§x | Upgrade | 6/30/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23231 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22809 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330333719, 17.340%, 6/26/2030 †§x# | Upgrade | 6/30/2025 | 27320 | 26823 | 26388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330333936, 15.610%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 32678 | 32087 | 31092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330343224, 11.850%, 6/18/2028 †§x | Upgrade | 6/30/2025 | 32200 | 31682 | 31828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330343659, 9.270%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 24044 | 23660 | 23803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330343858, 15.060%, 6/26/2029 †§x | Upgrade | 6/30/2025 | 31415 | 30869 | 30257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330344801, 29.750%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 23418 | 22982 | 22733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330345924, 29.750%, 7/09/2030 †x# | Upgrade | 6/30/2025 | 24628 | 24170 | 21902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330345937, 29.750%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 23420 | 22984 | 22736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330347131, 14.560%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 27882 | 27379 | 27187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330351912, 12.860%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 25927 | 25509 | 25454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330358733, 12.030%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 40411 | 39761 | 40208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330359127, 25.970%, 6/16/2030 †§x | Upgrade | 6/30/2025 | 23035 | 22609 | 22398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330360068, 13.160%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 45095 | 44285 | 43641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330361468, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 26030 | 25553 | 24581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330363005, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 32148 | 31559 | 30661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330364512, 15.600%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 45385 | 44564 | 43920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330365002, 6.730%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 20276 | 19955 | 20229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330365230, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 22970 | 22541 | 21812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330366397, 12.610%, 6/26/2029 †§x | Upgrade | 6/30/2025 | 25774 | 25328 | 24796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330367069, 15.380%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 31758 | 31198 | 30733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330368004, 12.860%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 20864 | 20528 | 20466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330368658, 29.750%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 23423 | 22986 | 22739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330368752, 13.850%, 6/26/2028 †§x# | Upgrade | 6/30/2025 | 28498 | 28039 | 28212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330369319, 10.740%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 25086 | 24638 | 24577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330369974, 29.750%, 6/30/2030 †§x# | Upgrade | 6/30/2025 | 23627 | 23189 | 22632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330372213, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 34902 | 34264 | 33287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330372437, 12.450%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 28356 | 27847 | 27441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330373210, 19.710%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 28541 | 28069 | 27749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330373603, 20.420%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 37197 | 36517 | 35386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330376437, 15.620%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 27232 | 26740 | 25911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330378119, 6.730%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 30214 | 29735 | 30150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330380442, 14.410%, 6/18/2030 †§x | Upgrade | 6/30/2025 | 35157 | 34522 | 33951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330381887, 10.670%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 23378 | 23002 | 23124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330384817, 13.850%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 31082 | 30580 | 30749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330385297, 29.750%, 7/10/2030 †§x# | Upgrade | 6/30/2025 | 23829 | 23385 | 22962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330386421, 17.580%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 22805 | 22391 | 22055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330391668, 15.610%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 23601 | 23174 | 22455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330392854, 20.770%, 6/26/2029 †§x | Upgrade | 6/30/2025 | 35434 | 34810 | 33359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330393441, 15.380%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 22678 | 22266 | 21946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330393772, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 32537 | 31941 | 30637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330399037, 12.450%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 29706 | 29173 | 28748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330399719, 15.610%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 31770 | 31196 | 30228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330401705, 29.750%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 23418 | 22982 | 22733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330402671, 17.580%, 6/26/2030 †§x | Upgrade | 6/30/2025 | 29465 | 28929 | 28495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330403742, 6.730%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 27829 | 27388 | 27764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330404127, 25.970%, 6/26/2030 †§x# | Upgrade | 6/30/2025 | 23800 | 23324 | 23168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330408177, 14.540%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 46047 | 45212 | 44656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330418849, 14.290%, 6/26/2028 †§x | Upgrade | 6/30/2025 | 22188 | 21829 | 21949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330421014, 19.460%, 6/11/2030 †§x | Upgrade | 6/30/2025 | 39019 | 38306 | 37101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330423361, 20.420%, 6/26/2030 †§x# | Upgrade | 6/30/2025 | 27530 | 27028 | 26191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330481578, 8.480%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 24760 | 24363 | 24552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330488063, 15.060%, 7/01/2029 †§x | Upgrade | 7/07/2025 | 31766 | 31212 | 30573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330497647, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 21126 | 20739 | 20010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330500750, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 22952 | 22526 | 21674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330503288, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 23241 | 22815 | 21884 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**149** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 330506403, 22.820%, 7/01/2030 †§x | Upgrade | 7/07/2025 | $24226 | $23780 | $22874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330510414, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 23879 | 23443 | 22548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330513340, 18.730%, 6/27/2028 †§x | Upgrade | 6/30/2025 | 20602 | 20265 | 20013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330539761, 24.440%, 7/01/2028 †§x | Upgrade | 7/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330549719, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 23424 | 22993 | 22118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330551079, 23.390%, 6/27/2028 †§x | Upgrade | 6/30/2025 | 33384 | 32832 | 32525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330553861, 11.720%, 7/15/2030 †§x | Upgrade | 7/07/2025 | 28029 | 27524 | 26972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330562166, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 22961 | 22541 | 21681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330575429, 20.420%, 6/24/2030 †§x | Upgrade | 6/30/2025 | 22914 | 22495 | 21803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330581445, 19.710%, 6/27/2028 †§x | Upgrade | 6/30/2025 | 37184 | 36574 | 36117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330582611, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 33982 | 33361 | 32087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330584390, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 39045 | 38330 | 36871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330596451, 20.420%, 6/27/2030 †§x | Upgrade | 6/30/2025 | 34901 | 34263 | 32955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330633310, 12.860%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 30063 | 29575 | 29481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330653062, 13.160%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 26280 | 25806 | 25242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330671935, 15.610%, 7/15/2030 †§x | Upgrade | 7/07/2025 | 21311 | 20925 | 20084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330683836, 11.250%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 31599 | 31088 | 30795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330695282, 15.610%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 24998 | 24545 | 23540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330711635, 11.720%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 22793 | 22384 | 21865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330712702, 19.710%, 7/16/2028 †§x | Upgrade | 7/07/2025 | 27476 | 27023 | 26770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330750094, 12.450%, 7/01/2030 †x# | Upgrade | 7/07/2025 | 40335 | 39608 | 30281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330750626, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 31661 | 31081 | 29816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330778317, 17.340%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 46181 | 45340 | 44308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330805117, 19.710%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 25490 | 25070 | 24714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330809601, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 41834 | 41067 | 39505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330809821, 12.150%, 7/01/2028 †§x# | Upgrade | 7/07/2025 | 33318 | 32778 | 32677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330819827, 19.710%, 7/01/2028 †§x# | Upgrade | 7/07/2025 | 23537 | 23151 | 22871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330819889, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 36457 | 35786 | 34255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330821271, 20.420%, 6/17/2030 †§x | Upgrade | 7/07/2025 | 40933 | 40182 | 38786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330829271, 25.050%, 7/01/2029 †§x | Upgrade | 7/07/2025 | 22743 | 22337 | 21518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330830271, 29.750%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 23648 | 23208 | 22628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330839641, 20.420%, 7/16/2030 †§x | Upgrade | 7/07/2025 | 25565 | 25096 | 24202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330849674, 29.750%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 23648 | 23208 | 22628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330852929, 24.440%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 21482 | 21123 | 20531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330854062, 25.970%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 22552 | 22135 | 21603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330862133, 25.970%, 7/01/2030 †x | Upgrade | 7/07/2025 | 21613 | 21213 | 20222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330866534, 15.610%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 27602 | 27102 | 25992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330871795, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 31608 | 31029 | 29762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330874705, 20.420%, 7/15/2030 †§x | Upgrade | 7/07/2025 | 38426 | 37717 | 36478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330910060, 19.710%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 42484 | 41783 | 41190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330915051, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 41834 | 41067 | 39505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330923077, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 37743 | 37052 | 35642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330924417, 19.460%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 37112 | 36433 | 35046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330928169, 19.710%, 7/01/2028 †§x# | Upgrade | 7/07/2025 | 23503 | 23114 | 22795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330930803, 14.540%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 45892 | 45061 | 44500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330931220, 25.200%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 27447 | 26939 | 25913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330931785, 17.580%, 6/17/2030 †§x | Upgrade | 7/07/2025 | 43843 | 43044 | 42242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330933992, 29.760%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 23648 | 23208 | 22539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330937095, 28.280%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 21073 | 20712 | 20126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330938376, 25.970%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 23492 | 23057 | 22503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330940418, 15.610%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 30258 | 29706 | 28502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330947543, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 46482 | 45631 | 43894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330951384, 19.990%, 7/01/2029 †§x | Upgrade | 7/07/2025 | 21146 | 20773 | 20131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330968446, 23.630%, 6/17/2029 †x | Upgrade | 7/07/2025 | 24005 | 23578 | 22666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330978582, 17.060%, 7/16/2029 †§x | Upgrade | 7/07/2025 | 36040 | 35400 | 34712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330986970, 25.200%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 28150 | 27630 | 26578 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**150** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 330989615, 15.140%, 7/01/2030 †§x | Upgrade | 7/07/2025 | $36029 | $35376 | $34566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 330998190, 16.090%, 6/30/2030 †§x | Upgrade | 7/07/2025 | 40818 | 40074 | 39117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331005627, 13.160%, 7/01/2030 †x# | Upgrade | 7/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331022172, 14.410%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 32767 | 32172 | 31444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331023797, 19.710%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 38235 | 37604 | 37071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331025756, 10.670%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 26157 | 25732 | 25639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331025864, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 25565 | 25097 | 24072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331028365, 17.340%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 36944 | 36272 | 35446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331029846, 19.710%, 7/02/2028 †§x# | Upgrade | 7/07/2025 | 22253 | 21885 | 21687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331030155, 15.600%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 46003 | 45168 | 44189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331032694, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 37186 | 36505 | 35116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331033523, 12.450%, 6/18/2030 †§x | Upgrade | 7/07/2025 | 35816 | 35171 | 34524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331035750, 15.610%, 7/15/2030 †§x | Upgrade | 7/07/2025 | 23164 | 22745 | 21831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331035899, 14.410%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 28525 | 28007 | 27317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331037196, 12.450%, 6/23/2030 †§x | Upgrade | 7/07/2025 | 21085 | 20705 | 20326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331037468, 15.610%, 7/08/2030 †§x | Upgrade | 7/07/2025 | 34624 | 33997 | 32618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331041675, 13.160%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 38883 | 38181 | 37347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331041786, 9.030%, 7/15/2028 †§x | Upgrade | 7/07/2025 | 29863 | 29382 | 29643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331041854, 13.430%, 6/25/2029 †§x | Upgrade | 7/07/2025 | 21658 | 21282 | 20907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331042215, 12.860%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 25192 | 24781 | 24547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331043463, 9.520%, 7/15/2030 †§x | Upgrade | 7/07/2025 | 29140 | 28619 | 28357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331043919, 20.420%, 7/16/2030 †x | Upgrade | 7/07/2025 | 22534 | 22124 | 21240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331051072, 15.380%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 32186 | 31602 | 30916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331051346, 15.140%, 7/03/2030 †§x | Upgrade | 7/07/2025 | 36796 | 36128 | 35319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331052599, 10.520%, 7/01/2028 †§x | Upgrade | 7/07/2025 | 33197 | 32661 | 32954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331053326, 15.610%, 6/17/2030 †§x | Upgrade | 7/07/2025 | 25111 | 24651 | 23726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331054127, 14.410%, 7/16/2030 †§x# | Upgrade | 7/07/2025 | 45843 | 45012 | 44289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331057652, 14.620%, 7/01/2029 †§x | Upgrade | 7/07/2025 | 31101 | 30559 | 29843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331061801, 20.420%, 7/16/2030 †§x | Upgrade | 7/07/2025 | 37186 | 36504 | 35295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331061945, 15.610%, 6/17/2030 †§x | Upgrade | 7/07/2025 | 36948 | 36278 | 35011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331062232, 20.420%, 7/16/2030 †§x | Upgrade | 7/07/2025 | 37186 | 36504 | 35203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331071175, 15.600%, 7/01/2030 †§x# | Upgrade | 7/07/2025 | 28056 | 27546 | 26916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331072512, 15.600%, 7/16/2030 †§x | Upgrade | 7/07/2025 | 46344 | 45505 | 44554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331072595, 15.380%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 36784 | 36117 | 35333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331073841, 11.850%, 6/17/2028 †§x | Upgrade | 7/07/2025 | 24096 | 23705 | 23787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331075997, 13.160%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 39198 | 38491 | 37650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331077041, 15.610%, 7/13/2030 †§x | Upgrade | 7/07/2025 | 36803 | 36135 | 34807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331103882, 15.610%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 36803 | 36136 | 34657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331104147, 20.420%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 35559 | 34907 | 33482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331106513, 12.620%, 7/25/2029 †§x | Upgrade | 7/28/2025 | 22106 | 21717 | 21631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331112966, 15.610%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 24635 | 24188 | 23214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331113627, 15.610%, 7/01/2030 †§x | Upgrade | 7/07/2025 | 27602 | 27102 | 25992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331118038, 20.420%, 7/01/2030 †x | Upgrade | 7/07/2025 | 46482 | 45631 | 40646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 331140030, 15.150%, 7/01/2029 †§x | Upgrade | 7/07/2025 | 37369 | 36717 | 35580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 332456720, 17.580%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 22349 | 21937 | 21492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333528906, 15.600%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 27602 | 27098 | 26581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333532433, 29.750%, 7/20/2030 †§x | Upgrade | 7/18/2025 | 23737 | 23282 | 22924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333538550, 15.600%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 23001 | 22582 | 22151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333542691, 20.420%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 32537 | 31938 | 30860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333545802, 13.160%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 34767 | 34136 | 33478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333546082, 15.140%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 33547 | 32936 | 32274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333550813, 15.600%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 25762 | 25292 | 24809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333551106, 12.610%, 7/15/2029 †§x | Upgrade | 7/18/2025 | 44210 | 43437 | 42656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333560722, 20.420%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 28354 | 27832 | 26821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333561245, 20.420%, 7/15/2030 †§x | Upgrade | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333562354, 15.610%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 32205 | 31617 | 30462 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**151** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 333570390, 14.420%, 7/15/2030 †§x | Upgrade | 7/18/2025 | $45879 | $45045 | $44511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333576925, 15.610%, 7/26/2030 †§x# | Upgrade | 7/18/2025 | 26163 | 25683 | 24917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333583847, 15.610%, 7/15/2030 †§x# | Upgrade | 7/18/2025 | 37737 | 37048 | 35980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333588737, 15.060%, 7/15/2029 †§x | Upgrade | 7/18/2025 | 27576 | 27091 | 26608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333604581, 15.600%, 7/15/2030 †§x | Upgrade | 7/18/2025 | 36802 | 36131 | 35441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333635445, 19.990%, 7/16/2029 †§x# | Upgrade | 7/21/2025 | 32612 | 32057 | 31189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333645197, 20.420%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 23427 | 22995 | 22184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333715717, 25.970%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 23661 | 23220 | 22865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333744365, 10.990%, 7/29/2029 †§x | Upgrade | 7/21/2025 | 22941 | 22537 | 22057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333748197, 15.140%, 7/02/2030 †§x | Upgrade | 7/21/2025 | 21911 | 21510 | 21050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333748437, 15.140%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 34466 | 33838 | 33180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333748501, 15.600%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 41405 | 40648 | 39899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333749684, 15.150%, 7/16/2029 †§x | Upgrade | 7/21/2025 | 27582 | 27097 | 26375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333749792, 15.610%, 7/29/2030 †§x# | Upgrade | 7/21/2025 | 28132 | 27618 | 26475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333750092, 29.750%, 7/21/2030 †§x | Upgrade | 7/21/2025 | 20914 | 20524 | 20180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333750202, 17.060%, 7/16/2029 †§x | Upgrade | 7/21/2025 | 30210 | 29676 | 29091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333750861, 20.420%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 22516 | 22100 | 21321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333752377, 15.600%, 7/16/2030 †§x# | Upgrade | 7/21/2025 | 26376 | 25887 | 25376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333752825, 14.640%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 28459 | 27941 | 27556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333758489, 15.610%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 27602 | 27099 | 26136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333761955, 29.750%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 23648 | 23206 | 22804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333763751, 17.340%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 27708 | 27201 | 26676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333764393, 15.600%, 7/16/2030 †§x | Upgrade | 7/21/2025 | 21161 | 20775 | 20391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333779075, 25.970%, 7/17/2030 †§x# | Upgrade | 7/21/2025 | 23533 | 23091 | 22681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333839471, 25.970%, 7/31/2030 †§x | Upgrade | 7/21/2025 | 23725 | 23299 | 22621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333852928, 29.760%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 22158 | 21740 | 21207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333857577, 29.750%, 7/29/2030 †§x# | Upgrade | 7/21/2025 | 23691 | 23244 | 22512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333861958, 20.420%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 23241 | 22813 | 22009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333867228, 13.430%, 7/13/2029 †§x | Upgrade | 7/21/2025 | 21264 | 20891 | 20458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333871063, 15.140%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 41359 | 40605 | 39817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333877168, 12.610%, 7/17/2029 †§x | Upgrade | 7/21/2025 | 22105 | 21718 | 21341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333899913, 12.450%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 36534 | 35871 | 35201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333902961, 19.460%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 23195 | 22768 | 22022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333905893, 20.420%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 23241 | 22813 | 22067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333908338, 25.970%, 8/01/2030 †§x# | Upgrade | 7/21/2025 | 23951 | 23529 | 22993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333911301, 13.430%, 7/17/2029 †§x | Upgrade | 7/21/2025 | 22150 | 21762 | 21330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333915484, 15.610%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 32663 | 32067 | 30929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333920116, 15.380%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 29427 | 28890 | 28357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333925083, 20.420%, 7/02/2030 †§x | Upgrade | 7/21/2025 | 32212 | 31617 | 30385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333926645, 12.450%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 45667 | 44839 | 44001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333929110, 15.600%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 27602 | 27098 | 26598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333929216, 17.580%, 8/01/2030 †§x# | Upgrade | 7/21/2025 | 36565 | 35893 | 35137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333929754, 15.150%, 7/17/2029 †§x | Upgrade | 7/21/2025 | 26692 | 26222 | 25525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333934938, 13.160%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 22872 | 22457 | 22038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333935063, 20.420%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 23241 | 22813 | 22009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 333941177, 14.650%, 7/17/2030 †§x | Upgrade | 7/21/2025 | 36726 | 36056 | 35347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334042622, 12.610%, 7/18/2029 †§x | Upgrade | 7/21/2025 | 24758 | 24324 | 23903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334048305, 12.200%, 7/18/2030 †§x | Upgrade | 7/21/2025 | 32076 | 31494 | 30868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334050429, 25.970%, 7/18/2030 †§x | Upgrade | 7/21/2025 | 21613 | 21210 | 20863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334053373, 12.610%, 7/18/2029 †§x | Upgrade | 7/21/2025 | 36156 | 35522 | 34908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334053612, 15.600%, 7/18/2030 †§x | Upgrade | 7/21/2025 | 46003 | 45163 | 44332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334065969, 15.600%, 7/18/2030 †§x | Upgrade | 7/21/2025 | 34502 | 33872 | 33249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334095788, 10.990%, 7/18/2029 †§x | Upgrade | 7/21/2025 | 33022 | 32446 | 32389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334096997, 13.160%, 7/18/2030 †§x | Upgrade | 7/21/2025 | 21605 | 21213 | 20818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334099000, 15.600%, 7/18/2030 †§x | Upgrade | 7/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334101067, 17.580%, 8/02/2030 †§x# | Upgrade | 7/21/2025 | 27812 | 27298 | 26760 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**152** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 334102715, 15.380%, 7/18/2030 †§x | Upgrade | 7/21/2025 | $45980 | $45141 | $44309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334102778, 15.140%, 7/04/2030 †§x | Upgrade | 7/21/2025 | 34961 | 34324 | 33589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334108083, 15.380%, 7/18/2030 †§x | Upgrade | 7/21/2025 | 31266 | 30696 | 30130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334108087, 25.970%, 7/18/2030 †§x | Upgrade | 7/21/2025 | 20870 | 20482 | 20147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334120260, 13.810%, 7/18/2030 †§x# | Upgrade | 7/21/2025 | 30643 | 30085 | 29880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334236069, 8.030%, 7/23/2029 †§x# | Upgrade | 7/28/2025 | 21800 | 21420 | 21370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334359917, 13.160%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 29712 | 29169 | 28599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334362773, 29.750%, 7/27/2030 †§x | Upgrade | 7/24/2025 | 23735 | 23285 | 22942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334402654, 29.750%, 8/05/2030 †§x# | Upgrade | 7/24/2025 | 24203 | 23744 | 23261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334419548, 25.970%, 7/31/2030 †x# | Upgrade | 7/24/2025 | 24795 | 24349 | 22791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334421527, 15.610%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 36805 | 36131 | 34894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334427137, 15.610%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 28522 | 28001 | 27042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334429902, 14.410%, 7/29/2030 †§x | Upgrade | 7/24/2025 | 27572 | 27066 | 26495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334430271, 29.750%, 7/28/2030 †§x# | Upgrade | 7/24/2025 | 24048 | 23597 | 23054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334430306, 15.610%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 36803 | 36130 | 34892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334444324, 11.610%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 45575 | 44749 | 44273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334445055, 15.380%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 41384 | 40627 | 39907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334445768, 14.410%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 36702 | 36033 | 35359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334448465, 13.160%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 22163 | 21758 | 21330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334450481, 15.380%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 29427 | 28889 | 28377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334450789, 15.610%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 29902 | 29356 | 28350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334452927, 15.600%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 27676 | 27178 | 26733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334458128, 13.160%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 22872 | 22456 | 22054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334460300, 13.160%, 7/18/2030 †§x | Upgrade | 7/24/2025 | 28145 | 27633 | 27088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334464999, 10.990%, 7/21/2029 †§x | Upgrade | 7/24/2025 | 30820 | 30281 | 30233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334465152, 15.600%, 7/21/2030 †§x | Upgrade | 7/24/2025 | 24842 | 24387 | 23955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334558587, 11.720%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 27340 | 26859 | 26342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334592442, 17.060%, 7/22/2029 †§x | Upgrade | 7/25/2025 | 44690 | 43898 | 43081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334596096, 8.030%, 7/22/2029 †§x | Upgrade | 7/25/2025 | 28835 | 28334 | 28276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334605661, 13.160%, 7/22/2030 †§x | Upgrade | 7/25/2025 | 28819 | 28295 | 27794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334614151, 13.670%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 31934 | 31350 | 31130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334614913, 15.060%, 7/22/2029 †§x | Upgrade | 7/25/2025 | 35582 | 34954 | 34385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334624871, 15.610%, 7/22/2030 †§x | Upgrade | 7/25/2025 | 22082 | 21678 | 20944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334625362, 15.610%, 7/22/2030 †§x | Upgrade | 7/25/2025 | 29442 | 28904 | 27925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334630665, 17.580%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 27696 | 27185 | 26634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334639192, 15.610%, 7/22/2030 †§x | Upgrade | 7/25/2025 | 22082 | 21678 | 20944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334640366, 29.750%, 7/22/2030 †x# | Upgrade | 7/25/2025 | 24447 | 23989 | 22226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334643967, 13.430%, 7/20/2029 †§x | Upgrade | 7/28/2025 | 28289 | 27791 | 27257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334750393, 15.600%, 7/22/2030 †§x | Upgrade | 7/25/2025 | 23001 | 22581 | 22186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334751995, 15.610%, 7/28/2030 †§x | Upgrade | 7/25/2025 | 32295 | 31701 | 30482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334758061, 15.380%, 7/22/2030 †§x | Upgrade | 7/25/2025 | 45980 | 45139 | 44349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334760761, 15.060%, 7/22/2029 †§x | Upgrade | 7/25/2025 | 33803 | 33206 | 32666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334788014, 12.600%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 44739 | 43922 | 43617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334940540, 15.600%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 27602 | 27096 | 26639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334942377, 14.640%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 36722 | 36051 | 35398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334942695, 15.610%, 7/26/2030 †§x | Upgrade | 7/28/2025 | 25335 | 24871 | 24082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334950148, 17.340%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 22259 | 21850 | 21467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334952883, 13.160%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 31170 | 30602 | 30080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334957527, 10.740%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 24103 | 23666 | 23508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334958370, 12.940%, 7/23/2030 †§x# | Upgrade | 7/28/2025 | 28273 | 27758 | 27585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334963993, 14.660%, 7/23/2029 †§x | Upgrade | 7/28/2025 | 21773 | 21388 | 21053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334965216, 15.610%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 29442 | 28903 | 27954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334990289, 11.700%, 7/23/2029 †§x | Upgrade | 7/28/2025 | 29412 | 28896 | 28464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334994559, 12.450%, 7/16/2030 †§x | Upgrade | 7/28/2025 | 20948 | 20567 | 20176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 334997444, 15.150%, 7/23/2029 †§x | Upgrade | 7/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335000422, 15.140%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 23897 | 23459 | 23043 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**153** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 335017826, 15.610%, 7/23/2030 †§x | Upgrade | 7/28/2025 | $25302 | $24839 | $24023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335022904, 15.600%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 31102 | 30530 | 29956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335023598, 13.160%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 36595 | 35929 | 35315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335029933, 13.160%, 7/23/2030 †§x | Upgrade | 7/28/2025 | 27447 | 26947 | 26486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335055304, 14.640%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 45865 | 45024 | 44376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335173799, 15.610%, 7/24/2030 †§x | Upgrade | 7/28/2025 | 23462 | 23032 | 22277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335186170, 15.610%, 7/26/2030 †§x | Upgrade | 7/28/2025 | 36840 | 36166 | 34983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335194502, 12.450%, 7/24/2030 †§x | Upgrade | 7/28/2025 | 22834 | 22418 | 22034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335196990, 13.160%, 7/20/2030 †§x | Upgrade | 7/28/2025 | 36536 | 35869 | 35193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335201276, 15.610%, 7/24/2030 †§x | Upgrade | 7/28/2025 | 36803 | 36129 | 34945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335210018, 9.660%, 7/24/2030 †§x | Upgrade | 7/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335218440, 17.580%, 7/17/2030 †§x# | Upgrade | 7/28/2025 | 32379 | 31786 | 31135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335223709, 10.740%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 27270 | 26774 | 26567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335229218, 12.610%, 7/24/2029 †§x | Upgrade | 7/28/2025 | 35368 | 34746 | 34198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335232817, 13.160%, 7/24/2030 †§x | Upgrade | 7/28/2025 | 27447 | 26947 | 26487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335235262, 11.720%, 7/24/2029 †§x | Upgrade | 7/28/2025 | 29996 | 29469 | 29002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335242487, 14.660%, 7/25/2029 †§x | Upgrade | 7/28/2025 | 23384 | 22971 | 22612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335272433, 15.610%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 30336 | 29779 | 28654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335286444, 17.340%, 7/24/2030 †§x | Upgrade | 7/28/2025 | 28643 | 28115 | 27625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335289409, 12.610%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 39789 | 39088 | 38338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335300160, 15.150%, 7/24/2029 †§x# | Upgrade | 7/28/2025 | 21286 | 20909 | 20361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335307234, 12.620%, 7/24/2029 †§x | Upgrade | 7/28/2025 | 44211 | 43434 | 43262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335343265, 14.620%, 7/25/2029 †§x | Upgrade | 7/28/2025 | 35544 | 34916 | 34289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335362660, 15.150%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 40022 | 39312 | 38160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335440485, 14.620%, 7/28/2029 †§x# | Upgrade | 7/31/2025 | 34086 | 33481 | 32700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335463819, 10.740%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 22725 | 22312 | 22139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335515649, 12.610%, 7/15/2029 †§x# | Upgrade | 7/31/2025 | 34983 | 34364 | 33708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335526140, 14.620%, 7/25/2029 †§x | Upgrade | 7/28/2025 | 31990 | 31424 | 30860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335548904, 12.610%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 37137 | 36482 | 35782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335592875, 15.610%, 8/12/2030 †§x | Upgrade | 8/04/2025 | 30477 | 29910 | 28792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335602218, 15.060%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 44478 | 43689 | 42862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335619374, 15.150%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 26681 | 26208 | 25440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335636535, 12.610%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 39789 | 39088 | 38338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335680535, 14.660%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 22217 | 21824 | 21410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335689349, 15.600%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 45044 | 44216 | 43365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335739645, 15.150%, 7/28/2029 †§x# | Upgrade | 7/31/2025 | 31688 | 31126 | 30213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335824289, 15.150%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 25962 | 25497 | 24720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335850227, 29.760%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 22895 | 22446 | 22086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335856829, 14.660%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 26661 | 26189 | 25611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 335859763, 15.150%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 26692 | 26219 | 25450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336006474, 12.610%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 35368 | 34745 | 34078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336017773, 12.610%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 35343 | 34719 | 34067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336092561, 19.990%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 36588 | 35898 | 34850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336225485, 12.700%, 7/28/2029 †§x# | Upgrade | 7/31/2025 | 26276 | 25812 | 25283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336271686, 15.150%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 34700 | 34085 | 33085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336292753, 15.150%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 24458 | 24024 | 23320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336391028, 12.610%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 26526 | 26059 | 25559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336396352, 10.990%, 7/28/2029 †§x | Upgrade | 7/31/2025 | 44029 | 43256 | 42465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336431739, 12.610%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 27224 | 26744 | 26231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336480306, 12.610%, 7/18/2029 †§x | Upgrade | 7/31/2025 | 30818 | 30275 | 29779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336571933, 16.610%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 35698 | 35063 | 34296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336589720, 14.170%, 7/31/2029 †§x | Upgrade | 8/01/2025 | 31059 | 30509 | 29822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336615380, 14.170%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 26585 | 26112 | 25497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336626234, 15.140%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 39892 | 39179 | 38394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336646724, 15.150%, 8/13/2029 †§x# | Upgrade | 8/01/2025 | 35563 | 34924 | 33904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336762642, 15.060%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 44459 | 43671 | 42845 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**154** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 336776401, 12.610%, 7/29/2029 †§x | Upgrade | 8/01/2025 | $29168 | $28654 | $28017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336776684, 17.100%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 28144 | 27643 | 27040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336778497, 15.150%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 35560 | 34928 | 33923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336788826, 25.970%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 23716 | 23254 | 22962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336793557, 15.150%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 26681 | 26208 | 25440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336806414, 29.750%, 7/29/2030 †§x | Upgrade | 8/01/2025 | 21236 | 20837 | 20314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336816547, 18.540%, 8/13/2030 †§x# | Upgrade | 8/01/2025 | 36843 | 36156 | 34912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336818560, 14.170%, 7/29/2029 †§x | Upgrade | 8/01/2025 | 35047 | 34427 | 33811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336833558, 20.420%, 7/28/2030 †x# | Upgrade | 8/01/2025 | 28329 | 27797 | 24572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336846603, 21.420%, 7/29/2030 †§x | Upgrade | 8/01/2025 | 33893 | 33261 | 31985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336852449, 29.750%, 7/29/2030 †§x# | Upgrade | 8/01/2025 | 22550 | 22123 | 21522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336870577, 20.420%, 7/29/2030 †§x | Upgrade | 8/01/2025 | 25075 | 24603 | 23741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336900113, 19.460%, 7/29/2030 †§x | Upgrade | 8/01/2025 | 35237 | 34586 | 33361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336953063, 14.620%, 7/21/2029 †§x# | Upgrade | 8/04/2025 | 34242 | 33628 | 33043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 336953483, 10.240%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 39527 | 38832 | 38592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337001089, 11.010%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 45465 | 44638 | 44077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337022312, 20.770%, 7/31/2029 †§x | Upgrade | 8/04/2025 | 29243 | 28718 | 27494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337024074, 25.200%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 28111 | 27586 | 26634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337029162, 18.540%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 23126 | 22699 | 21908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337037245, 20.420%, 7/31/2030 †§x# | Upgrade | 8/04/2025 | 21996 | 21587 | 20768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337039911, 20.420%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 23215 | 22785 | 21934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337043290, 15.610%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 24809 | 24353 | 23426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337043872, 10.740%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 22718 | 22305 | 22023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337043939, 17.100%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 30363 | 29822 | 29184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337045290, 15.060%, 8/05/2029 †§x | Upgrade | 8/04/2025 | 40880 | 40154 | 39387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337051354, 20.420%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 23201 | 22771 | 21913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337057499, 15.150%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 24868 | 24407 | 23883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337058288, 12.700%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 31810 | 31244 | 30662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337064595, 29.750%, 8/01/2030 †§x | Upgrade | 8/04/2025 | 23895 | 23446 | 22855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337066388, 29.180%, 8/13/2030 †§x# | Upgrade | 8/04/2025 | 23046 | 22607 | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337066696, 29.180%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 23587 | 23144 | 22763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337086574, 25.200%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 35842 | 35172 | 33958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337089485, 15.610%, 7/31/2030 †§x# | Upgrade | 8/04/2025 | 37360 | 36671 | 35172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337094554, 15.150%, 7/15/2029 †§x | Upgrade | 8/04/2025 | 26491 | 26021 | 25385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337095274, 29.750%, 8/05/2030 †x# | Upgrade | 8/04/2025 | 23205 | 22764 | 21969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337095276, 20.420%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 37144 | 36455 | 35094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337095781, 20.420%, 7/30/2030 †§x | Upgrade | 8/04/2025 | 23679 | 23240 | 22372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337096916, 12.610%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 35343 | 34719 | 34067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337101258, 21.420%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 29764 | 29211 | 28191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337106577, 15.610%, 7/16/2030 †§x# | Upgrade | 8/04/2025 | 26513 | 26021 | 25023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337131813, 12.700%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 22823 | 22406 | 21962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337133249, 19.990%, 7/30/2029 †§x | Upgrade | 8/04/2025 | 22471 | 22068 | 21441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337141137, 25.970%, 7/17/2030 †§x | Upgrade | 8/04/2025 | 22299 | 21882 | 21677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337141752, 15.610%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 27420 | 26916 | 25896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337142068, 17.580%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 36909 | 36228 | 35483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337148914, 15.630%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 28014 | 27497 | 26964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337151660, 19.020%, 7/31/2029 †§x | Upgrade | 8/04/2025 | 35856 | 35214 | 33836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337153686, 14.410%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 27493 | 26989 | 26425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337154464, 12.700%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 32865 | 32264 | 31625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337154766, 12.710%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 29040 | 28510 | 27908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337161942, 17.340%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 36890 | 36210 | 35465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337171293, 25.970%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 22484 | 22063 | 21535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337184015, 12.710%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 31952 | 31369 | 30747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337203517, 25.970%, 7/31/2030 †§x | Upgrade | 8/04/2025 | 23440 | 23002 | 22451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 337205322, 13.670%, 7/31/2030 †§x | Upgrade | 8/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338242406, 14.620%, 8/05/2029 †§x | Upgrade | 8/08/2025 | 36199 | 35555 | 34802 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**155** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 338244639, 13.430%, 8/05/2029 †§x | Upgrade | 8/08/2025 | $36109 | $35468 | $34716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338247341, 12.450%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 23150 | 22727 | 22289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338249262, 14.620%, 8/05/2029 †§x | Upgrade | 8/08/2025 | 36199 | 35555 | 34802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338258678, 25.970%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 23716 | 23271 | 22754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338268554, 20.420%, 8/05/2030 †x# | Upgrade | 8/08/2025 | 47514 | 46632 | 40936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338271075, 18.070%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 33700 | 33077 | 32411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338271092, 25.200%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 28425 | 27893 | 26943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338277714, 15.150%, 8/05/2029 †§x | Upgrade | 8/08/2025 | 22649 | 22246 | 21621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338279133, 29.750%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 23849 | 23400 | 22858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338279963, 15.140%, 8/05/2029 †§x | Upgrade | 8/08/2025 | 31708 | 31143 | 30485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338302305, 17.340%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 35524 | 34868 | 34166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338338157, 15.380%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 37256 | 36571 | 35873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338345344, 14.410%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 37186 | 36503 | 35761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338349786, 20.420%, 8/05/2030 †§x | Upgrade | 8/08/2025 | 23501 | 23064 | 22223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338418856, 17.580%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 32734 | 32129 | 31503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338419772, 17.580%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 37411 | 36719 | 36004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338428663, 15.150%, 8/15/2029 †§x | Upgrade | 8/11/2025 | 27299 | 26802 | 26090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338429158, 15.610%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 37272 | 36586 | 35283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338438413, 13.190%, 8/06/2029 †§x | Upgrade | 8/11/2025 | 45114 | 44312 | 43526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338444185, 15.140%, 8/06/2030 †x# | Upgrade | 8/11/2025 | 32849 | 32244 | 24691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338447104, 12.450%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 25003 | 24545 | 24089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338452097, 15.150%, 8/06/2029 †§x | Upgrade | 8/11/2025 | 36239 | 35592 | 34622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338452772, 19.460%, 8/21/2030 †§x | Upgrade | 8/11/2025 | 27940 | 27403 | 26537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338456398, 10.250%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 39636 | 38914 | 38612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338476163, 13.160%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 23183 | 22758 | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338477053, 29.750%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 23849 | 23400 | 22893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338483586, 25.050%, 7/29/2029 †§x | Upgrade | 8/11/2025 | 22571 | 22161 | 21434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338552162, 20.420%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 24173 | 23724 | 22882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338573007, 20.420%, 8/06/2030 †§x | Upgrade | 8/11/2025 | 37729 | 37027 | 35722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338580892, 15.630%, 8/06/2030 †§x# | Upgrade | 8/11/2025 | 22334 | 21921 | 21446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338589473, 20.420%, 7/30/2030 †§x | Upgrade | 8/11/2025 | 22090 | 21674 | 20971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338723502, 15.140%, 8/07/2030 †§x | Upgrade | 8/11/2025 | 37239 | 36553 | 35838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338726792, 15.610%, 8/15/2030 †§x | Upgrade | 8/11/2025 | 22451 | 22034 | 21319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338728147, 12.450%, 8/11/2030 †§x | Upgrade | 8/11/2025 | 22259 | 21847 | 21446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338737119, 15.610%, 8/07/2030 †§x | Upgrade | 8/11/2025 | 24227 | 23781 | 22935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338746400, 13.160%, 8/07/2030 †§x | Upgrade | 8/11/2025 | 23183 | 22758 | 22336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338747233, 18.090%, 7/23/2029 †§x | Upgrade | 8/11/2025 | 28305 | 27798 | 26920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338748599, 18.090%, 8/07/2029 †§x | Upgrade | 8/11/2025 | 36454 | 35799 | 34485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338764731, 15.610%, 8/07/2030 †§x | Upgrade | 8/11/2025 | 29818 | 29269 | 28228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338778024, 15.150%, 8/13/2029 †§x | Upgrade | 8/11/2025 | 22716 | 22304 | 21709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338838069, 20.420%, 8/07/2030 †§x | Upgrade | 8/11/2025 | 23501 | 23064 | 22248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338843640, 25.970%, 8/10/2030 †§x | Upgrade | 8/11/2025 | 20918 | 20523 | 20137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338862903, 17.340%, 8/16/2030 †§x | Upgrade | 8/11/2025 | 29126 | 28587 | 28039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338865572, 15.150%, 8/07/2029 †§x | Upgrade | 8/11/2025 | 25367 | 24915 | 24237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338980451, 16.360%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 46657 | 45796 | 44956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338989625, 19.990%, 8/08/2029 †§x | Upgrade | 8/11/2025 | 27868 | 27363 | 26561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338990865, 20.420%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 35251 | 34596 | 33373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338991536, 20.420%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 37601 | 36902 | 35690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339002889, 12.210%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 46278 | 45430 | 44890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339008020, 29.750%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 23849 | 23399 | 22895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339009056, 11.870%, 8/08/2029 †§x | Upgrade | 8/11/2025 | 26992 | 26514 | 26390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339012917, 29.180%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 23829 | 23380 | 23039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339016135, 13.670%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 27849 | 27337 | 26831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339044021, 12.450%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 37040 | 36362 | 35686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339065464, 20.420%, 8/08/2030 †§x | Upgrade | 8/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339072438, 15.630%, 8/08/2029 †§x | Upgrade | 8/11/2025 | 40809 | 40080 | 39375 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**156** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 339076104, 15.610%, 8/08/2030 †§x | Upgrade | 8/11/2025 | $27395 | $26890 | $25936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339082505, 25.970%, 8/08/2030 †§x | Upgrade | 8/11/2025 | 23716 | 23271 | 22791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339087228, 15.610%, 8/17/2030 †§x | Upgrade | 8/11/2025 | 25738 | 25252 | 24378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339096535, 29.750%, 8/25/2030 †§x# | Upgrade | 8/28/2025 | 24046 | 23567 | 23299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339332059, 29.750%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23243 | 22787 | 22469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339557785, 28.440%, 8/22/2028 †§x# | Upgrade | 8/25/2025 | 23162 | 22749 | 22508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339572907, 29.750%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 21464 | 21041 | 20763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339829098, 25.970%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 23713 | 23265 | 22960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339978887, 11.890%, 8/15/2028 †§x | Upgrade | 8/18/2025 | 29062 | 28568 | 28611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 339993889, 9.700%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 21329 | 20969 | 21229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340017842, 6.730%, 8/14/2028 †§x# | Upgrade | 8/18/2025 | 31283 | 30760 | 31133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340026580, 12.260%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 20596 | 20246 | 20402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340030196, 19.710%, 8/20/2028 †§x | Upgrade | 8/25/2025 | 30522 | 29982 | 29903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340049034, 12.140%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 21448 | 21084 | 21243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340052464, 12.380%, 8/27/2028 †§x | Upgrade | 8/18/2025 | 34511 | 33926 | 34042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340060471, 6.580%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 25409 | 24983 | 25256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340061035, 11.890%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 26203 | 25759 | 25986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340062248, 7.070%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 38462 | 37818 | 38230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340072707, 6.580%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 31930 | 31396 | 31739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340075458, 14.590%, 8/14/2028 †§x# | Upgrade | 8/18/2025 | 27295 | 26829 | 26906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340084857, 9.940%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 25609 | 25177 | 25288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340089298, 7.570%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 21185 | 20830 | 21056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340091548, 6.480%, 8/14/2028 †§x | Upgrade | 8/18/2025 | 34717 | 34136 | 34562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340194865, 29.750%, 9/07/2030 †§x# | Upgrade | 8/28/2025 | 23131 | 22691 | 22252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340284685, 19.990%, 8/25/2029 †§x# | Upgrade | 8/28/2025 | 23232 | 22806 | 22196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340312729, 29.750%, 8/22/2030 †§x# | Upgrade | 8/25/2025 | 24046 | 23572 | 23308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340386721, 20.710%, 8/20/2028 †§x | Upgrade | 8/25/2025 | 26713 | 26240 | 26091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340729587, 29.750%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 21143 | 20740 | 20418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340791520, 15.310%, 8/22/2029 †§x | Upgrade | 8/25/2025 | 22593 | 22177 | 21679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340923613, 19.710%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 20940 | 20575 | 20535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340994633, 28.280%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 21782 | 21379 | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341115075, 28.280%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 22286 | 21892 | 21564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341122217, 25.970%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 23716 | 23254 | 22962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341169195, 19.990%, 8/07/2029 †§x# | Upgrade | 8/25/2025 | 22645 | 22232 | 21657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341205506, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 34311 | 33646 | 32702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341290924, 19.990%, 8/20/2029 †§x | Upgrade | 8/25/2025 | 22867 | 22442 | 21940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341333033, 20.420%, 8/20/2030 †§x | Upgrade | 8/25/2025 | 23501 | 23052 | 22370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341358545, 28.280%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 21294 | 20915 | 20535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341369036, 19.990%, 8/22/2029 †§x | Upgrade | 8/25/2025 | 34301 | 33660 | 32913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341373419, 19.990%, 8/20/2029 †§x# | Upgrade | 8/25/2025 | 27364 | 26867 | 25913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341389882, 19.990%, 8/20/2029 †§x | Upgrade | 8/25/2025 | 36135 | 35477 | 34567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341404622, 19.710%, 8/20/2028 †§x | Upgrade | 8/25/2025 | 27007 | 26530 | 26459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341426946, 29.750%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 21473 | 21050 | 20773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341453675, 20.480%, 8/20/2028 †§x | Upgrade | 8/25/2025 | 28823 | 28313 | 28225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341462955, 25.970%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 23773 | 23322 | 23021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341484502, 6.580%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 31337 | 30805 | 31163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341489257, 15.610%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 30424 | 29849 | 28957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341495637, 15.630%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 37274 | 36569 | 35992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341498213, 14.360%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 34486 | 33885 | 33818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341501542, 16.360%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 41991 | 41196 | 40587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341504748, 11.420%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 41113 | 40404 | 40827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341504850, 25.970%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 21700 | 21278 | 21011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341507686, 15.150%, 8/21/2029 †§x | Upgrade | 8/25/2025 | 22649 | 22234 | 21731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341517082, 26.980%, 8/21/2029 †§x | Upgrade | 8/25/2025 | 22402 | 21985 | 21584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341518252, 23.630%, 8/21/2029 †§x | Upgrade | 8/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341521890, 9.940%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 42682 | 41949 | 42198 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**157** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 341522968, 17.590%, 8/21/2029 †§x# | Upgrade | 8/25/2025 | $27300 | $26806 | $26357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341523254, 29.750%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 23849 | 23380 | 23070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341525565, 14.360%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 30176 | 29650 | 29813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341525648, 15.150%, 8/21/2029 †§x | Upgrade | 8/25/2025 | 36239 | 35574 | 34770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341526925, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 25851 | 25350 | 24638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341531994, 23.630%, 8/22/2029 †§x | Upgrade | 8/25/2025 | 36835 | 36139 | 34954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341539775, 15.630%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 37274 | 36569 | 36026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341550267, 12.150%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 22135 | 21752 | 21822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341550574, 19.990%, 8/21/2029 †§x | Upgrade | 8/25/2025 | 25154 | 24685 | 23929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341559621, 12.450%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 23150 | 22717 | 22372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341571570, 12.450%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 36117 | 35451 | 34788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341571791, 12.700%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 37059 | 36365 | 35778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341573885, 29.750%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 22036 | 21597 | 21352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341587875, 6.480%, 8/06/2028 †§x# | Upgrade | 8/25/2025 | 30816 | 30297 | 30660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341589283, 11.650%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 21424 | 21054 | 21124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341598632, 15.380%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 21422 | 21017 | 20705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341599281, 28.760%, 8/27/2028 †§x | Upgrade | 8/25/2025 | 22246 | 21843 | 21560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341599994, 10.520%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 21797 | 21422 | 21669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341603854, 29.750%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 20987 | 20573 | 20302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341652387, 13.190%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 26894 | 26390 | 25991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341663401, 6.580%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 39980 | 39306 | 39746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341689308, 11.890%, 8/21/2028 †§x | Upgrade | 8/25/2025 | 25723 | 25279 | 25530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341697871, 15.610%, 8/12/2030 †§x# | Upgrade | 8/25/2025 | 24731 | 24270 | 23371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341699843, 18.080%, 8/21/2029 †§x | Upgrade | 8/25/2025 | 31901 | 31322 | 30800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341708671, 15.610%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 25625 | 25140 | 24390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341740627, 29.750%, 8/21/2030 †§x | Upgrade | 8/25/2025 | 23845 | 23385 | 23066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341751095, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 28201 | 27654 | 26878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341767089, 28.840%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 22300 | 21867 | 21393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341771420, 18.090%, 8/22/2029 †§x | Upgrade | 8/25/2025 | 32808 | 32199 | 31212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341779426, 28.280%, 8/22/2028 †§x# | Upgrade | 8/25/2025 | 21985 | 21595 | 21177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341789670, 20.770%, 8/31/2029 †§x | Upgrade | 8/28/2025 | 22953 | 22548 | 21638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341801942, 19.460%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 42230 | 41414 | 40339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341813921, 28.280%, 8/26/2028 †x# | Upgrade | 8/29/2025 | 23680 | 23257 | 23198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341831264, 9.940%, 8/22/2028 †§x# | Upgrade | 8/25/2025 | 26454 | 26035 | 26196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341835451, 12.150%, 9/03/2028 †§x# | Upgrade | 8/25/2025 | 26584 | 26129 | 26108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341838151, 15.610%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 37272 | 36566 | 35478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341859266, 14.360%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 21199 | 20834 | 20916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341860377, 7.570%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 21224 | 20861 | 21104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341863317, 14.360%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 29745 | 29225 | 29389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341870970, 15.140%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 22343 | 21921 | 21575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341878342, 20.420%, 8/22/2030 †x | Upgrade | 8/25/2025 | 24441 | 23971 | 23267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341894901, 13.920%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 46437 | 45562 | 45312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341898097, 19.710%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 30103 | 29583 | 29497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341903983, 14.360%, 8/16/2028 †§x# | Upgrade | 8/25/2025 | 34403 | 33813 | 33615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341911303, 20.420%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 28135 | 27605 | 26751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341913911, 7.070%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 23742 | 23338 | 23610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341926252, 13.680%, 8/30/2029 †§x | Upgrade | 8/25/2025 | 31688 | 31117 | 30599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341938722, 18.070%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 32764 | 32138 | 31641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341940400, 13.850%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 31149 | 30606 | 30779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341945736, 13.850%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 32552 | 31995 | 32164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341948963, 19.710%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 26163 | 25710 | 25585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341949651, 13.680%, 8/22/2029 †§x | Upgrade | 8/25/2025 | 32516 | 31920 | 31468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341954297, 15.630%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 23296 | 22855 | 22517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341955662, 12.380%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 20939 | 20582 | 20617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341957259, 25.400%, 8/10/2030 †§x | Upgrade | 8/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341957350, 14.360%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 25865 | 25413 | 25365 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**158** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 341959379, 15.140%, 8/22/2030 †§x | Upgrade | 8/25/2025 | $23274 | $22834 | $22474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341962776, 18.070%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 22467 | 22038 | 21697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341963436, 15.610%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 25066 | 24591 | 23859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341965123, 14.360%, 8/22/2028 †§x# | Upgrade | 8/25/2025 | 36314 | 35680 | 35681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341967517, 9.210%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 25566 | 25127 | 25453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341970509, 15.610%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 21432 | 21026 | 20400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341973057, 12.450%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 23150 | 22716 | 22372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341974766, 15.140%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 22809 | 22377 | 22025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 341982652, 29.750%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 23849 | 23372 | 23121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342041465, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 37601 | 36872 | 35838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342055419, 14.410%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 22312 | 21890 | 21635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342057096, 8.290%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 28454 | 27928 | 27740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342058323, 14.900%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 46527 | 45647 | 45227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342064530, 15.610%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 30372 | 29797 | 28910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342067079, 14.590%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 34504 | 33901 | 34005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342080195, 15.610%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 23295 | 22854 | 22174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342086646, 29.750%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 22719 | 22277 | 21926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342098629, 15.630%, 8/22/2030 †§x | Upgrade | 8/25/2025 | 25160 | 24683 | 24318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342098772, 20.470%, 8/25/2029 †§x# | Upgrade | 8/28/2025 | 22725 | 22309 | 21767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342099366, 14.590%, 8/22/2028 †§x | Upgrade | 8/25/2025 | 21565 | 21188 | 21253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342138748, 19.990%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 31100 | 30513 | 29869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342169006, 20.990%, 8/25/2029 †§x# | Upgrade | 8/28/2025 | 33072 | 32410 | 31842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342171081, 20.420%, 8/10/2030 †§x | Upgrade | 8/28/2025 | 36496 | 35808 | 34436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342179047, 29.750%, 8/25/2030 †§x# | Upgrade | 8/28/2025 | 23274 | 22831 | 22499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342188029, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23501 | 23045 | 22399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342193220, 20.420%, 9/01/2030 †§x# | Upgrade | 8/28/2025 | 32203 | 31595 | 30373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342212122, 20.710%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 20939 | 20571 | 20439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342213569, 18.090%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 30758 | 30181 | 29296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342218500, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23543 | 23101 | 22563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342241933, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23961 | 23497 | 22838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342286414, 25.970%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23241 | 22783 | 22540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342374778, 21.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 32958 | 32317 | 31483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342515321, 17.160%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 40935 | 40170 | 38989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342590261, 21.990%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 36725 | 36028 | 34982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342610521, 21.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 47083 | 46167 | 44976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342633294, 20.420%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 28916 | 28373 | 27444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342657182, 17.620%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23383 | 22934 | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342658137, 12.870%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 42966 | 42213 | 42484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342658227, 25.450%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 33175 | 32522 | 31695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342717147, 25.050%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 23080 | 22637 | 22156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342720227, 9.210%, 8/28/2028 †§x | Upgrade | 8/28/2025 | 21325 | 20952 | 21229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342730902, 11.420%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 42826 | 42080 | 42539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342736013, 13.670%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 22975 | 22540 | 22219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342746556, 14.410%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 22776 | 22344 | 22008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342747686, 25.400%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23695 | 23228 | 23109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342759756, 16.850%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 30743 | 30154 | 29736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342778019, 18.540%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 42161 | 41348 | 40271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342783280, 29.750%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 23372 | 22906 | 22646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342788478, 18.800%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 29995 | 29417 | 28989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342789069, 13.190%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 28286 | 27750 | 27354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342816469, 19.710%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 33043 | 32449 | 32403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342854172, 25.970%, 8/26/2030 †§x# | Upgrade | 8/29/2025 | 24151 | 23673 | 23548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342873341, 12.380%, 8/25/2028 †§x | Upgrade | 8/28/2025 | 30863 | 30323 | 30447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342923961, 14.410%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 21382 | 20976 | 20661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342928827, 12.150%, 8/25/2028 †§x | Upgrade | 8/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33718 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342931679, 13.670%, 8/25/2030 †§x | Upgrade | 8/28/2025 | 21351 | 20946 | 20648 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**159** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 342934321, 14.360%, 8/31/2028 †§x | Upgrade | 8/28/2025 | $31089 | $30568 | $30361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342935301, 14.360%, 8/23/2028 †§x# | Upgrade | 8/28/2025 | 28420 | 27932 | 27821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342968157, 13.190%, 8/25/2029 †§x | Upgrade | 8/28/2025 | 36091 | 35427 | 34951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 342982590, 19.990%, 8/26/2029 †§x | Upgrade | 8/29/2025 | 36588 | 35896 | 34864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343031958, 15.380%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 21059 | 20655 | 20311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343038714, 12.700%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 27794 | 27267 | 26801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343054406, 14.830%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 21576 | 21194 | 21282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343055746, 14.160%, 9/01/2030 †§x | Upgrade | 8/29/2025 | 31140 | 30575 | 30008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343062757, 6.730%, 8/25/2028 †§x | Upgrade | 9/02/2025 | 25406 | 24970 | 25297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343066323, 16.360%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 41991 | 41186 | 40624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343067927, 17.340%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 22717 | 22280 | 21959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343069310, 15.610%, 8/20/2030 †§x | Upgrade | 8/29/2025 | 29545 | 28986 | 28055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343072252, 9.940%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 31585 | 31036 | 31250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343072874, 13.670%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 21063 | 20663 | 20374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343074126, 16.360%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 25661 | 25169 | 24826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343074370, 9.940%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 22201 | 21823 | 22029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343076270, 17.340%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 23371 | 22922 | 22592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343076582, 6.730%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 35585 | 34975 | 35439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343077115, 15.610%, 8/14/2030 †§x | Upgrade | 8/29/2025 | 29504 | 28953 | 28004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343077924, 6.480%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 33023 | 32458 | 32889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343082437, 19.990%, 8/27/2029 †§x | Upgrade | 9/02/2025 | 27441 | 26920 | 26266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343089339, 8.950%, 8/26/2029 †§x | Upgrade | 8/29/2025 | 26819 | 26332 | 26310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343096713, 11.650%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 26568 | 26113 | 26140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343108789, 13.670%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 23207 | 22766 | 22448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343123886, 18.540%, 8/26/2030 †§x# | Upgrade | 8/29/2025 | 21516 | 21114 | 20485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343124585, 13.680%, 8/26/2029 †§x | Upgrade | 8/29/2025 | 28632 | 28102 | 27734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343132542, 25.970%, 10/10/2030 †x# | Upgrade | 8/29/2025 | 24768 | 24277 | 23345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343143324, 11.410%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 25695 | 25244 | 25361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343151117, 15.630%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 23296 | 22851 | 22537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343152633, 14.360%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 32470 | 31912 | 31832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343159461, 12.450%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 26854 | 26346 | 25949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343165930, 6.580%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 27100 | 26642 | 26957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343184448, 15.140%, 8/26/2029 †§x | Upgrade | 8/29/2025 | 22649 | 22228 | 21939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343187722, 13.090%, 8/26/2030 †§x# | Upgrade | 8/29/2025 | 32977 | 32364 | 31832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343190945, 14.360%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 26296 | 25831 | 25816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343192907, 29.750%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 23849 | 23372 | 23121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343203509, 13.190%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 22258 | 21835 | 21529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343209141, 15.610%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 23295 | 22850 | 22208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343246963, 12.380%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 34202 | 33600 | 33649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343274020, 12.450%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 37040 | 36338 | 35716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343300015, 10.150%, 8/26/2029 †§x | Upgrade | 8/29/2025 | 30647 | 30088 | 29989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343310845, 14.590%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 30622 | 30080 | 30205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343330579, 14.410%, 8/26/2030 †§x | Upgrade | 8/29/2025 | 37186 | 36478 | 36309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343334335, 19.020%, 8/27/2029 †§x | Upgrade | 9/02/2025 | 45650 | 44786 | 43302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343334477, 12.870%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 20555 | 20192 | 20285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343335224, 6.480%, 8/26/2028 †§x | Upgrade | 8/29/2025 | 25826 | 25384 | 25721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343338718, 18.070%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 23403 | 22950 | 22568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343339654, 12.210%, 8/27/2029 †§x | Upgrade | 9/02/2025 | 25211 | 24746 | 24356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343340363, 12.210%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 23139 | 22700 | 22470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343358950, 15.630%, 8/27/2030 †§x# | Upgrade | 9/02/2025 | 23586 | 23134 | 22770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343391040, 14.410%, 8/27/2029 †§x | Upgrade | 9/02/2025 | 25500 | 25026 | 24566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343395394, 12.870%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 29217 | 28701 | 28833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343399028, 15.630%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 27955 | 27419 | 26988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343406820, 15.630%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 30285 | 29704 | 29237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343416221, 14.360%, 8/27/2028 †§x | Upgrade | 9/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343448149, 12.870%, 8/16/2028 †§x | Upgrade | 9/02/2025 | 21381 | 21011 | 21118 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**160** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 343449916, 12.870%, 8/27/2028 †§x | Upgrade | 9/02/2025 | $34373 | $33766 | $33921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343453675, 14.360%, 8/27/2028 †x# | Upgrade | 9/02/2025 | 38201 | 37523 | 32140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343466489, 15.140%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 37239 | 36525 | 35902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343497873, 12.150%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 31744 | 31185 | 31231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343515750, 13.190%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 23185 | 22744 | 22377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343528272, 19.990%, 8/27/2029 †§x | Upgrade | 9/02/2025 | 34077 | 33452 | 32681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343551643, 9.940%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 34146 | 33550 | 33706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343569994, 15.630%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 45661 | 44784 | 44080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343578870, 14.160%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 37168 | 36458 | 35876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343586439, 16.360%, 8/27/2030 †§x# | Upgrade | 9/02/2025 | 20876 | 20485 | 20163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343587730, 12.150%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 34318 | 33713 | 33763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343588405, 14.410%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 37186 | 36475 | 35848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343591213, 8.960%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 20505 | 20156 | 20369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343601214, 12.700%, 8/31/2029 †§x | Upgrade | 9/02/2025 | 27055 | 26582 | 26151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343605904, 17.340%, 8/27/2030 †§x# | Upgrade | 9/02/2025 | 28308 | 27777 | 27321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343673924, 17.340%, 8/31/2030 †§x | Upgrade | 9/02/2025 | 46772 | 45897 | 45104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343675245, 9.940%, 8/27/2028 †§x | Upgrade | 9/02/2025 | 42682 | 41937 | 42133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343675924, 25.200%, 8/27/2030 †§x | Upgrade | 9/02/2025 | 34219 | 33541 | 32562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343684001, 25.200%, 8/27/2030 †§x# | Upgrade | 9/02/2025 | 22698 | 22268 | 21607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343699879, 25.050%, 8/27/2029 †x# | Upgrade | 9/02/2025 | 23412 | 22959 | 23451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343767810, 15.630%, 8/28/2030 †§x | Upgrade | 9/02/2025 | 32615 | 31989 | 31480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343773907, 15.610%, 8/28/2030 †§x | Upgrade | 9/02/2025 | 24227 | 23762 | 22984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343776727, 9.940%, 8/28/2028 †§x | Upgrade | 9/02/2025 | 32012 | 31452 | 31714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343776989, 13.670%, 8/28/2030 †§x | Upgrade | 9/02/2025 | 23207 | 22765 | 22396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343794686, 15.610%, 8/28/2030 †§x | Upgrade | 9/02/2025 | 23295 | 22848 | 22100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343799643, 15.140%, 8/28/2030 †§x | Upgrade | 9/02/2025 | 37239 | 36526 | 35895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343807535, 10.030%, 9/12/2028 †§x# | Upgrade | 9/02/2025 | 24162 | 23739 | 24005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343813961, 9.940%, 8/28/2028 †§x | Upgrade | 9/02/2025 | 27316 | 26839 | 26961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343822729, 15.630%, 8/28/2030 †§x | Upgrade | 9/02/2025 | 41933 | 41129 | 40421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343825640, 8.330%, 8/28/2028 †§x | Upgrade | 9/02/2025 | 26789 | 26325 | 26534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343831609, 14.360%, 8/28/2028 †§x | Upgrade | 9/02/2025 | 37258 | 36596 | 36758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343836677, 6.580%, 8/13/2028 †§x | Upgrade | 9/02/2025 | 21104 | 20747 | 20986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343854590, 11.770%, 8/28/2028 †§x | Upgrade | 9/02/2025 | 22287 | 21895 | 22072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343869155, 9.940%, 8/28/2028 †§x | Upgrade | 9/02/2025 | 27316 | 26839 | 26961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 343873262, 6.580%, 8/28/2028 †§x | Upgrade | 9/02/2025 | 33031 | 32462 | 32829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 346770593, 19.710%, 9/16/2028 †x◇ | Upgrade | 9/19/2025 | 31739 | 31318 | 31133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347595682, 15.630%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 22642 | 22283 | 21919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347608171, 10.740%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 45744 | 44977 | 44576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347680936, 13.190%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 23493 | 23102 | 22739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347682438, 20.380%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 22824 | 22512 | 22030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347690967, 14.900%, 9/16/2030 †x | Upgrade | 9/19/2025 | 42405 | 41724 | 41405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347691375, 15.150%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 23050 | 22690 | 22149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347691584, 7.430%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 34216 | 33622 | 33564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347692525, 18.070%, 9/25/2030 †x◇ | Upgrade | 9/19/2025 | 33310 | 32842 | 32224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347693940, 13.190%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 37048 | 36434 | 35860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347697186, 16.850%, 9/24/2030 †x | Upgrade | 9/19/2025 | 21355 | 21047 | 20678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347697452, 18.070%, 9/24/2030 †x◇ | Upgrade | 9/19/2025 | 38039 | 37464 | 36863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347700851, 13.190%, 10/16/2029 †x◇ | Upgrade | 9/19/2025 | 42549 | 41959 | 41118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347701033, 15.140%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 24039 | 23653 | 23397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347708593, 15.140%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 26395 | 25972 | 25526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347709205, 13.680%, 9/16/2029 †x | Upgrade | 9/19/2025 | 36754 | 36149 | 35528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347713092, 15.140%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 44683 | 43982 | 43204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347718044, 15.630%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 28303 | 27855 | 27399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347723784, 18.310%, 9/28/2030 †x◇ | Upgrade | 9/19/2025 | 26700 | 26296 | 25832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347726513, 25.050%, 10/16/2029 †x | Upgrade | 9/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347727966, 29.180%, 9/30/2030 †x#◇ | Upgrade | 9/19/2025 | 21866 | 21429 | 21142 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**161** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 347729228, 8.450%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | $36441 | $35814 | $35752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347738598, 15.380%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 30178 | 29698 | 29190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347740106, 15.610%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 26415 | 25996 | 25204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347748537, 11.720%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 31830 | 31275 | 30822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347750845, 9.030%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 32654 | 32081 | 31856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347753884, 16.830%, 9/16/2028 †x◇ | Upgrade | 9/19/2025 | 31283 | 30834 | 30614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347760235, 12.940%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 27898 | 27432 | 27002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347764178, 12.940%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 32876 | 32329 | 31788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347767251, 29.750%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 21640 | 21453 | 20923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347767719, 12.940%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 23483 | 23091 | 22729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347769355, 25.050%, 9/22/2029 †x#◇ | Upgrade | 9/19/2025 | 21655 | 21441 | 20996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347769814, 12.700%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 45905 | 45156 | 44474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347775440, 12.940%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 40390 | 39718 | 39054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347785282, 15.380%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 24519 | 24128 | 23717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347795286, 15.380%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 23576 | 23200 | 22804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347809108, 18.070%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 28409 | 27986 | 27478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347812594, 15.610%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 42453 | 41782 | 40507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347825096, 15.610%, 9/15/2030 †x | Upgrade | 9/19/2025 | 25972 | 25556 | 24670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347827911, 12.940%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 32055 | 31516 | 31001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347828341, 12.450%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 23464 | 23069 | 22691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347836825, 11.470%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 28109 | 27631 | 27330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347841320, 14.160%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 28236 | 27776 | 27332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347844037, 15.610%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 28302 | 27853 | 27005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347846289, 15.610%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 25943 | 25532 | 24754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347857172, 15.610%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 23585 | 23211 | 22504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347884753, 13.680%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 40944 | 40287 | 39669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347925738, 16.360%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 25029 | 24639 | 24231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347935281, 25.970%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 22977 | 22723 | 22235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347947651, 15.140%, 9/16/2029 †x◇ | Upgrade | 9/19/2025 | 27659 | 27227 | 26799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347967954, 12.450%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 25810 | 25376 | 25194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347968435, 15.140%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 26395 | 25972 | 25526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347990983, 15.140%, 9/16/2030 †x◇ | Upgrade | 9/19/2025 | 23096 | 22726 | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 351949802, 12.380%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 46514 | 45480 | 46044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 352397615, 15.610%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 48328 | 47204 | 46955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 352623173, 29.750%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 22942 | 22383 | 22351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 354911494, 8.330%, 11/06/2028 †x#◇ | Upgrade | 11/10/2025 | 26762 | 26153 | 26434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 354969926, 25.970%, 10/19/2030 †x◇ | Upgrade | 11/06/2025 | 23884 | 23300 | 23272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355046454, 28.280%, 11/05/2028 †x | Upgrade | 11/10/2025 | 22641 | 22112 | 21959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355250126, 6.580%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 40661 | 39748 | 40301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355431523, 6.580%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 36964 | 36139 | 36632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355634176, 15.610%, 10/20/2030 †x◇ | Upgrade | 11/07/2025 | 41702 | 40702 | 40439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355683322, 15.150%, 11/03/2029 †x#◇ | Upgrade | 11/06/2025 | 22315 | 21789 | 21716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355836843, 30.380%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 21521 | 21026 | 20788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355956126, 25.630%, 11/05/2030 †x#◇ | Upgrade | 11/10/2025 | 21202 | 20685 | 20410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355966021, 25.990%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 21985 | 21477 | 20920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355978245, 9.940%, 11/03/2028 †x#◇ | Upgrade | 11/06/2025 | 28792 | 28138 | 28572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356074304, 15.630%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 43496 | 42482 | 42703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356173698, 9.940%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 23193 | 22677 | 23016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356185673, 24.440%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 21195 | 20723 | 20552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356201166, 29.790%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24446 | 23875 | 23320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356237776, 25.970%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 24378 | 23815 | 23567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356275628, 10.030%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 46391 | 45357 | 45971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356322515, 29.750%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24445 | 23874 | 23666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356334118, 25.970%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 22428 | 21903 | 21727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356336279, 15.610%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356340489, 10.030%, 11/06/2028 †x◇ | Upgrade | 11/10/2025 | 36633 | 35812 | 36307 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**162** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 356366287, 30.380%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | $22010 | $21502 | $21272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356385919, 9.940%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 33398 | 32655 | 33143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356412488, 25.970%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 24033 | 23450 | 23439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356438589, 15.630%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 24165 | 23601 | 23724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356442883, 12.870%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 37232 | 36396 | 36957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356454128, 9.320%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 25494 | 24927 | 25204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356498992, 14.830%, 10/28/2028 †x◇ | Upgrade | 11/07/2025 | 27839 | 27188 | 27467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356526321, 12.380%, 11/06/2028 †x#◇ | Upgrade | 11/10/2025 | 26829 | 26215 | 26487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356535510, 6.580%, 11/03/2028 †x#◇ | Upgrade | 11/06/2025 | 35874 | 35064 | 35515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356543071, 12.640%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 22857 | 22324 | 22455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356553484, 15.630%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 21748 | 21238 | 21367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356560206, 11.720%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 29849 | 29150 | 29431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356617076, 9.320%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 46353 | 45319 | 45829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356636036, 9.210%, 11/06/2028 †x◇ | Upgrade | 11/10/2025 | 23174 | 22654 | 22992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356666999, 11.770%, 11/03/2028 †x | Upgrade | 11/06/2025 | 23241 | 22724 | 22975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356669947, 6.480%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 27720 | 27102 | 27501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356680373, 14.590%, 11/10/2028 †x | Upgrade | 11/06/2025 | 28243 | 27596 | 27991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356694849, 15.580%, 10/25/2030 †x◇ | Upgrade | 11/10/2025 | 37900 | 36975 | 37198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356706113, 16.120%, 11/06/2029 †x◇ | Upgrade | 11/10/2025 | 30463 | 29761 | 30028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356707676, 18.800%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 29082 | 28403 | 28562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356721615, 11.650%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 27886 | 27264 | 27613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356735239, 18.070%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 26447 | 25833 | 25952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356756665, 11.650%, 10/21/2028 †x◇ | Upgrade | 11/07/2025 | 22527 | 22010 | 22293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356758086, 12.870%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 27529 | 26901 | 27307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356767284, 12.210%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | 23774 | 23229 | 23426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356777801, 12.700%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 48191 | 47068 | 47489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356777806, 14.830%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 41975 | 41041 | 41545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356781245, 13.310%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 21152 | 20681 | 20940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356788363, 16.850%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 35139 | 34322 | 34519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356789371, 29.760%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 23468 | 22925 | 22621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356841495, 15.630%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 38663 | 37756 | 38021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356847023, 6.580%, 11/02/2028 †x◇ | Upgrade | 11/06/2025 | 24022 | 23487 | 23783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356850738, 14.590%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 37302 | 36471 | 36920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356852570, 18.070%, 11/03/2030 †x#◇ | Upgrade | 11/06/2025 | 28080 | 27406 | 27428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356855316, 18.070%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 39720 | 38797 | 38976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356856331, 15.580%, 11/06/2030 †x | Upgrade | 11/10/2025 | 38580 | 37676 | 37904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356868742, 29.790%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 21513 | 21012 | 20520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356868945, 9.940%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 36181 | 35376 | 35905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356875830, 18.080%, 11/06/2029 †x | Upgrade | 11/10/2025 | 38266 | 37385 | 37649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356882580, 18.800%, 11/15/2030 †x◇ | Upgrade | 11/10/2025 | 48618 | 47448 | 47763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356896172, 30.220%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 23920 | 23369 | 23106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356904343, 6.480%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 39732 | 38846 | 39418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356915527, 9.940%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 28203 | 27575 | 27987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356949443, 11.230%, 11/05/2029 †x◇ | Upgrade | 11/10/2025 | 44419 | 43376 | 43802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356951322, 6.480%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 46200 | 45168 | 45836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356953968, 25.990%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 24379 | 23812 | 23270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356968126, 14.590%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 25179 | 24618 | 24921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356975830, 14.160%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 28957 | 28282 | 28453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356980450, 24.590%, 11/18/2028 †x◇ | Upgrade | 11/06/2025 | 23444 | 22898 | 22798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356981858, 29.750%, 11/18/2030 †x◇ | Upgrade | 11/06/2025 | 24680 | 24100 | 24068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356982913, 25.310%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 23604 | 23055 | 22918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356988589, 15.580%, 10/26/2030 †x◇ | Upgrade | 11/06/2025 | 21663 | 21137 | 21243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356988869, 9.320%, 11/18/2028 †x◇ | Upgrade | 11/06/2025 | 32118 | 31387 | 31753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356988990, 18.070%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 24704 | 24130 | 24241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356990111, 15.140%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356992704, 16.120%, 11/17/2029 †x◇ | Upgrade | 11/06/2025 | 29080 | 28393 | 28662 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**163** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 356992877, 14.830%, 10/23/2028 †x◇ | Upgrade | 11/06/2025 | $30752 | $30050 | $30424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356994177, 12.700%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 31324 | 30594 | 30868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356996987, 6.480%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 22176 | 21682 | 22001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 356998853, 13.190%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 38572 | 37668 | 37939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357009891, 15.630%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 34797 | 33987 | 34154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357020830, 25.970%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 24378 | 23813 | 23579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357021828, 25.990%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 24379 | 23815 | 23198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357024645, 18.800%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 34899 | 34088 | 34242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357025326, 11.410%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 25090 | 24532 | 24893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357026330, 6.480%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 40656 | 39750 | 40335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357028866, 12.150%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | 20909 | 20430 | 20617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357033545, 12.870%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 41886 | 40955 | 41548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357044343, 12.380%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 31630 | 30926 | 31310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357057342, 8.830%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 44196 | 43212 | 43693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357066873, 14.830%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 30782 | 30098 | 30460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357069839, 25.970%, 11/03/2030 †x#◇ | Upgrade | 11/06/2025 | 22365 | 21823 | 21518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357084093, 29.790%, 11/03/2030 †x#◇ | Upgrade | 11/06/2025 | 23324 | 22754 | 22177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357088044, 25.050%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | 22038 | 21537 | 21201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357092748, 6.480%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 46200 | 45168 | 45836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357095100, 13.190%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 38572 | 37673 | 37905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357099637, 30.380%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 21521 | 21021 | 20833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357102029, 11.470%, 11/03/2030 †x#◇ | Upgrade | 11/06/2025 | 26004 | 25384 | 25638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357104985, 18.800%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 48470 | 47344 | 47559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357113946, 8.330%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 25002 | 24445 | 24718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357114549, 6.580%, 11/08/2028 †x◇ | Upgrade | 11/06/2025 | 21737 | 21246 | 21546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357116279, 13.190%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 38572 | 37673 | 37905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357118879, 15.630%, 11/12/2030 †x◇ | Upgrade | 11/06/2025 | 27175 | 26525 | 26559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357122620, 15.060%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 47608 | 46509 | 46862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357126473, 13.690%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 36179 | 35336 | 35158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357129836, 15.610%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 47633 | 46489 | 46279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357137954, 14.830%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 22947 | 22437 | 22706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357138251, 18.070%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 30516 | 29807 | 29945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357142686, 6.580%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 31004 | 30313 | 30723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357143545, 29.750%, 11/04/2030 †x#◇ | Upgrade | 11/07/2025 | 23442 | 22872 | 22549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357144049, 13.670%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 38590 | 37691 | 38129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357168034, 13.600%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 22124 | 21605 | 21761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357168436, 18.080%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | 28677 | 28021 | 28185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357172468, 6.580%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 34192 | 33430 | 33882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357177851, 12.870%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 33508 | 32764 | 33238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357181183, 10.860%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 30801 | 30116 | 30638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357186912, 27.090%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 23610 | 23089 | 22847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357191381, 13.690%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 36242 | 35397 | 35219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357191972, 11.470%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 20696 | 20214 | 20404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357196094, 15.630%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 38663 | 37764 | 37949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357197198, 10.030%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 33235 | 32495 | 32932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357203257, 14.590%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 32639 | 31912 | 32305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357205079, 25.970%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 21453 | 20957 | 20739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357207817, 9.200%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 46347 | 45313 | 46118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357209656, 9.940%, 11/03/2028 †x | Upgrade | 11/06/2025 | 37109 | 36283 | 36825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357211378, 10.250%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 22593 | 22066 | 22324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357214575, 25.990%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 24379 | 23810 | 23271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357215449, 18.800%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 29082 | 28405 | 28542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357217997, 14.360%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 20977 | 20511 | 20682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357221462, 18.800%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 29082 | 28403 | 28562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357223386, 14.410%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357223492, 29.750%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 22490 | 21971 | 21726 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**164** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 357229819, 15.140%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | $25754 | $25165 | $25367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357230060, 15.140%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 38645 | 37746 | 37933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357231069, 11.720%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 25034 | 24451 | 24670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357232395, 18.800%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 29585 | 28875 | 28895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357233065, 14.170%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | 22870 | 22346 | 22587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357237065, 6.580%, 11/07/2028 †x#◇ | Upgrade | 11/10/2025 | 28890 | 28234 | 28618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357240657, 13.190%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 26036 | 25429 | 25586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357243044, 9.940%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 31543 | 30839 | 31307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357246869, 10.030%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 33402 | 32657 | 33099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357248169, 7.990%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 38877 | 38006 | 38501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357260888, 7.990%, 11/03/2028 †x◇ | Upgrade | 11/06/2025 | 20364 | 19910 | 20162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357282042, 29.750%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 23821 | 23241 | 22870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357285194, 15.580%, 11/03/2030 †x◇ | Upgrade | 11/06/2025 | 48229 | 47106 | 47338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357293313, 23.190%, 11/03/2029 †x◇ | Upgrade | 11/06/2025 | 24030 | 23483 | 23265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357300102, 15.580%, 11/06/2030 †x◇ | Upgrade | 11/07/2025 | 22857 | 22307 | 22351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357306955, 11.180%, 11/15/2029 †x◇ | Upgrade | 11/10/2025 | 27678 | 27028 | 27353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357308562, 15.580%, 11/19/2030 †x◇ | Upgrade | 11/07/2025 | 30253 | 29530 | 29727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357310159, 8.950%, 11/06/2029 †x◇ | Upgrade | 11/10/2025 | 47379 | 46286 | 47045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357312309, 13.310%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 23040 | 22527 | 22809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357312343, 15.580%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 38622 | 37721 | 37918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357316530, 15.140%, 11/04/2029 †x◇ | Upgrade | 11/07/2025 | 25277 | 24698 | 24903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357320444, 15.580%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 38655 | 37754 | 37950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357327074, 10.370%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 46181 | 45151 | 45657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357331762, 13.690%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 28943 | 28268 | 28138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357335681, 18.070%, 11/04/2030 †x#◇ | Upgrade | 11/07/2025 | 36957 | 36066 | 36108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357339155, 11.180%, 11/04/2029 †x◇ | Upgrade | 11/07/2025 | 23695 | 23151 | 23408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357339717, 9.940%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 46387 | 45333 | 46041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357344664, 18.800%, 11/15/2030 †x | Upgrade | 11/10/2025 | 30536 | 29807 | 30063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357348049, 11.770%, 11/18/2028 †x◇ | Upgrade | 11/07/2025 | 34518 | 33728 | 34127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357353596, 15.630%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 48329 | 47202 | 47629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357354249, 12.640%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 48109 | 46983 | 47349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357356681, 29.790%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 22329 | 21811 | 21298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357358125, 29.790%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 22296 | 21780 | 21217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357360176, 15.580%, 11/12/2030 †x◇ | Upgrade | 11/07/2025 | 27705 | 27044 | 27206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357364319, 11.720%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 38514 | 37615 | 37960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357368667, 18.800%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 33738 | 32953 | 33112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357372549, 16.850%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 24192 | 23626 | 23787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357376734, 12.210%, 11/04/2029 †x◇ | Upgrade | 11/07/2025 | 23298 | 22764 | 22963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357377345, 15.140%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 20772 | 20287 | 20394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357378592, 8.330%, 10/24/2028 †x◇ | Upgrade | 11/07/2025 | 23361 | 22827 | 23101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357379933, 13.060%, 11/06/2029 †x◇ | Upgrade | 11/10/2025 | 28641 | 27981 | 28244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357388689, 6.580%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 34654 | 33880 | 34342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357391380, 18.800%, 11/05/2030 †x# | Upgrade | 11/07/2025 | 40488 | 39476 | 39964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357404215, 15.580%, 11/19/2030 †x | Upgrade | 11/07/2025 | 20465 | 19975 | 20232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357427027, 15.630%, 11/15/2030 †x◇ | Upgrade | 11/07/2025 | 32647 | 31864 | 32140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357427203, 14.160%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 48261 | 47135 | 47433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357441269, 30.380%, 11/13/2030 †x◇ | Upgrade | 11/10/2025 | 24620 | 24021 | 23947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357458739, 28.530%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 23378 | 22859 | 22604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357460296, 15.630%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 48329 | 47202 | 47629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357464192, 13.190%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 32786 | 32021 | 32227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357464502, 15.050%, 10/24/2030 †x◇ | Upgrade | 11/07/2025 | 42745 | 41706 | 42115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357468835, 6.480%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 36960 | 36135 | 36669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357473575, 29.750%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 24445 | 23876 | 23666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357475533, 15.630%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 38663 | 37762 | 37958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357482016, 9.940%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357483798, 12.450%, 10/20/2030 †x◇ | Upgrade | 11/07/2025 | 43517 | 42475 | 43000 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**165** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 357507598, 27.750%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | $24329 | $23762 | $23561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357529631, 15.580%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 23500 | 22952 | 23071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357532280, 14.830%, 11/15/2028 †x◇ | Upgrade | 11/07/2025 | 32928 | 32174 | 32665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357540265, 25.970%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 24378 | 23813 | 23579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357541431, 26.890%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 23553 | 23032 | 22740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357541598, 9.200%, 11/10/2028 †x◇ | Upgrade | 11/07/2025 | 32959 | 32210 | 32822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357542378, 13.190%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 28929 | 28251 | 28454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357546018, 15.580%, 11/05/2030 †x | Upgrade | 11/10/2025 | 24282 | 23714 | 23856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357547091, 6.580%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 44819 | 43818 | 44416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357549377, 12.380%, 11/04/2028 †x◇ | Upgrade | 11/07/2025 | 28056 | 27415 | 27748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357559577, 25.630%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 22422 | 21902 | 21630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357560326, 16.120%, 11/05/2029 †x◇ | Upgrade | 11/10/2025 | 42966 | 41979 | 42352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357563778, 14.590%, 10/20/2028 †x◇ | Upgrade | 11/07/2025 | 23038 | 22506 | 22786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357566864, 15.140%, 10/28/2030 †x◇ | Upgrade | 11/10/2025 | 37866 | 36953 | 37056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357569745, 13.190%, 11/04/2030 †x◇ | Upgrade | 11/07/2025 | 47733 | 46618 | 46918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357571500, 12.700%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 25059 | 24473 | 24708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357577103, 25.970%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 22916 | 22383 | 22199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357587401, 29.790%, 11/05/2030 †x# | Upgrade | 11/10/2025 | 22731 | 22170 | 21463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357590666, 6.480%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 43428 | 42455 | 43090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357592171, 13.680%, 11/05/2029 †x◇ | Upgrade | 11/10/2025 | 42859 | 41873 | 42261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357606081, 18.080%, 11/05/2029 †x◇ | Upgrade | 11/10/2025 | 43049 | 42060 | 42353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357606569, 15.580%, 11/05/2030 †x | Upgrade | 11/10/2025 | 33305 | 32527 | 32721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357609525, 12.150%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 34412 | 33642 | 33973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357611420, 15.580%, 11/12/2030 †x | Upgrade | 11/10/2025 | 47815 | 46673 | 46984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357614485, 6.480%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 32802 | 32067 | 32547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357617358, 11.770%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 33467 | 32719 | 33096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357628900, 12.210%, 11/05/2029 †x◇ | Upgrade | 11/10/2025 | 38038 | 37163 | 37515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357634532, 14.590%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 27044 | 26439 | 26782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357647154, 15.140%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 29950 | 29250 | 29528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357651640, 22.290%, 11/06/2028 †x#◇ | Upgrade | 11/10/2025 | 21521 | 21023 | 20722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357652041, 11.410%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 41817 | 40882 | 41515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357653838, 13.310%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 27929 | 27304 | 27664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357654180, 15.630%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 28998 | 28320 | 28589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357661497, 15.580%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 48253 | 47125 | 47406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357663745, 15.630%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 43496 | 42476 | 42885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357671172, 28.840%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 24146 | 23591 | 23270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357674615, 13.190%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 28228 | 27552 | 27643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357697237, 28.840%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 23826 | 23277 | 22882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357707705, 8.330%, 11/06/2028 †x◇ | Upgrade | 11/10/2025 | 22687 | 22179 | 22437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357709555, 15.140%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 21255 | 20758 | 20883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357721772, 25.970%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 21941 | 21427 | 21255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357727172, 12.870%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 37232 | 36399 | 36954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357735564, 15.580%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 25743 | 25141 | 25291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357738198, 9.940%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 29223 | 28569 | 29018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357740993, 25.970%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 22428 | 21905 | 21727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357742788, 15.630%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 31689 | 30949 | 31133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357759252, 18.800%, 11/04/2030 †x◇ | Upgrade | 11/10/2025 | 21223 | 20719 | 20748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357764197, 15.630%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 38663 | 37760 | 37985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357774164, 15.580%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 29897 | 29197 | 29373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357775497, 9.210%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 45050 | 44041 | 44697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357777692, 14.590%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 27697 | 27075 | 27431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357783482, 18.800%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 38321 | 37424 | 37637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357786498, 11.230%, 11/10/2029 †x◇ | Upgrade | 11/10/2025 | 47572 | 46455 | 47037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357787803, 12.290%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | 25754 | 25178 | 25564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357789126, 14.590%, 11/05/2028 †x◇ | Upgrade | 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357791355, 15.630%, 11/05/2030 †x◇ | Upgrade | 11/10/2025 | 24648 | 24072 | 24215 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**166** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 357801256, 15.060%, 11/16/2029 †x◇ | Upgrade | 11/10/2025 | $47862 | $46731 | $47126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357803513, 15.140%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 24097 | 23519 | 23568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357806461, 15.630%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 38663 | 37758 | 37986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357812470, 12.210%, 11/06/2029 †x◇ | Upgrade | 11/10/2025 | 23774 | 23226 | 23447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357817915, 13.310%, 11/06/2028 †x#◇ | Upgrade | 11/10/2025 | 26048 | 25451 | 25715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357826868, 10.860%, 11/06/2028 †x◇ | Upgrade | 11/10/2025 | 25657 | 25072 | 25533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357828985, 25.990%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24379 | 23809 | 23272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357829578, 15.140%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 38646 | 37720 | 37971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357832484, 15.630%, 12/07/2030 †x#◇ | Upgrade | 11/10/2025 | 43998 | 42964 | 43462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357841198, 15.610%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 33492 | 32707 | 32589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357843340, 15.630%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 30931 | 30206 | 30416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357847217, 15.630%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 43496 | 42478 | 42734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357848921, 11.650%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 24168 | 23625 | 23946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357852419, 13.190%, 11/21/2030 †x◇ | Upgrade | 11/10/2025 | 36854 | 35966 | 36262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357853647, 29.750%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24445 | 23874 | 23666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357859621, 10.500%, 11/06/2029 †x◇ | Upgrade | 11/10/2025 | 28263 | 27611 | 27930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357864573, 16.120%, 11/06/2029 †x#◇ | Upgrade | 11/10/2025 | 23859 | 23296 | 23414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357865699, 15.630%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 27282 | 26643 | 26828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357867321, 29.750%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24445 | 23874 | 23666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357871152, 12.140%, 11/07/2028 †x#◇ | Upgrade | 11/10/2025 | 36011 | 35187 | 35749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357874270, 14.410%, 11/06/2029 †x◇ | Upgrade | 11/10/2025 | 23829 | 23280 | 23457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357884577, 15.630%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 38663 | 37758 | 38051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357886876, 9.030%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 48007 | 46881 | 47489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357892465, 18.070%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 34876 | 34060 | 34256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357894105, 9.940%, 11/06/2028 †x◇ | Upgrade | 11/10/2025 | 41748 | 40812 | 41456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357914443, 18.800%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 21033 | 20526 | 20566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357922174, 13.190%, 11/06/2030 †x◇ | Upgrade | 11/10/2025 | 34715 | 33901 | 34145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357926424, 13.690%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24602 | 24024 | 23945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357959912, 11.650%, 11/06/2028 †x◇ | Upgrade | 11/10/2025 | 28351 | 27715 | 28090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357969833, 18.800%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 21007 | 20514 | 20633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357983566, 15.630%, 11/12/2030 †x◇ | Upgrade | 11/10/2025 | 24231 | 23652 | 23810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358009637, 8.990%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 36892 | 36040 | 36632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358010287, 18.070%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 30032 | 29328 | 29499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358015139, 18.800%, 11/07/2030 †x | Upgrade | 11/10/2025 | 26174 | 25560 | 25707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358022477, 18.800%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24235 | 23667 | 23803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358035737, 11.650%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 37181 | 36347 | 36840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358036797, 25.030%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 22144 | 21634 | 21281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358044117, 13.190%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24397 | 23824 | 23997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358047067, 18.070%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 20829 | 20340 | 20459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358051196, 15.630%, 11/07/2030 †x | Upgrade | 11/10/2025 | 31414 | 30677 | 30864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358055636, 11.970%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 38029 | 37151 | 37532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358059752, 12.450%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 34689 | 33875 | 34313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358063755, 6.480%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 45231 | 44206 | 44850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358074565, 14.830%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 37256 | 36420 | 36897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358081424, 13.190%, 11/07/2030 †x#◇ | Upgrade | 11/10/2025 | 22513 | 21975 | 22044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358081800, 22.290%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 21621 | 21136 | 20972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358086708, 11.650%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 33463 | 32712 | 33156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358093783, 12.700%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 38553 | 37648 | 38013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358106374, 25.990%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 24379 | 23809 | 23272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358110078, 6.580%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 43346 | 42363 | 42926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358114351, 15.140%, 11/22/2030 †x◇ | Upgrade | 11/10/2025 | 24313 | 23725 | 23898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358115930, 15.140%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 38154 | 37274 | 37640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358139142, 15.140%, 11/07/2029 †x◇ | Upgrade | 11/10/2025 | 28976 | 28292 | 28521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358155882, 15.140%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 23670 | 23115 | 23257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358163505, 12.870%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358165193, 9.940%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 37111 | 36266 | 36853 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**167** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 358165343, 11.890%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | $34267 | $33498 | $33896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358165350, 8.330%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 23150 | 22631 | 22895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358172256, 10.370%, 11/12/2028 †x◇ | Upgrade | 11/10/2025 | 46395 | 45340 | 45882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358176339, 15.630%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 34096 | 33296 | 33499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358178684, 6.580%, 11/07/2028 †x◇ | Upgrade | 11/10/2025 | 40536 | 39626 | 40177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 358181470, 15.630%, 11/07/2030 †x◇ | Upgrade | 11/10/2025 | 38663 | 37756 | 37987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 360303924, 27.790%, 12/16/2030 †x# | Upgrade | 12/19/2025 | 24214 | 23616 | 22702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 360318931, 25.990%, 12/22/2030 †x | Upgrade | 12/19/2025 | 21746 | 21213 | 20783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 363266155, 25.970%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 24602 | 23999 | 23552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 363551540, 28.510%, 12/22/2030 †x | Upgrade | 12/19/2025 | 22535 | 21981 | 21723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 363789950, 30.270%, 12/28/2030 †x◇ | Upgrade | 12/19/2025 | 23255 | 22681 | 22316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 364570685, 28.760%, 12/17/2030 †§x | Upgrade | 12/22/2025 | 24637 | 24030 | 23840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 365136512, 25.630%, 12/17/2030 †§x | Upgrade | 12/22/2025 | 24598 | 23993 | 23582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 365643650, 29.750%, 12/17/2030 †§x | Upgrade | 12/22/2025 | 24649 | 24041 | 23617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366092462, 29.790%, 12/16/2030 †x | Upgrade | 12/19/2025 | 24649 | 24044 | 23401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366106806, 29.010%, 12/17/2028 †§x | Upgrade | 12/22/2025 | 24126 | 23546 | 23180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366160753, 29.750%, 12/26/2030 †x | Upgrade | 12/19/2025 | 24857 | 24260 | 24086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366244962, 27.020%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 22646 | 22091 | 21930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366268888, 28.760%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 21681 | 21148 | 20952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366381768, 26.520%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 24609 | 24006 | 23676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366400483, 25.970%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 24602 | 23999 | 23552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366446538, 30.270%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 24655 | 24049 | 23704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366452740, 25.010%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 24590 | 23987 | 23706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366471554, 29.750%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 24649 | 24043 | 23582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366473291, 23.270%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 21619 | 21089 | 20947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366515792, 24.720%, 12/16/2028 †x◇ | Upgrade | 12/19/2025 | 24059 | 23485 | 23058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366527076, 26.280%, 12/16/2028 †x◇ | Upgrade | 12/19/2025 | 23553 | 22990 | 22572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366569807, 22.560%, 12/17/2028 †§x | Upgrade | 12/22/2025 | 24025 | 23450 | 23057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366584837, 22.260%, 12/16/2028 †x◇ | Upgrade | 12/19/2025 | 24020 | 23448 | 23125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366634886, 30.270%, 12/16/2030 †x◇ | Upgrade | 12/19/2025 | 23669 | 23087 | 22756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366730435, 26.520%, 12/26/2030 †x#◇ | Upgrade | 12/19/2025 | 24435 | 23834 | 23727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366869170, 30.270%, 12/16/2030 †x#◇ | Upgrade | 12/19/2025 | 24830 | 24220 | 24023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366880404, 29.010%, 12/16/2028 †x◇ | Upgrade | 12/19/2025 | 22216 | 21685 | 21297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366880439, 24.440%, 12/17/2028 †§x | Upgrade | 12/22/2025 | 21168 | 20661 | 20313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366881996, 26.520%, 12/16/2030 †x#◇ | Upgrade | 12/19/2025 | 24807 | 24198 | 24016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366888745, 26.520%, 12/26/2030 †§x | Upgrade | 12/22/2025 | 21308 | 20780 | 20546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366899565, 28.280%, 12/16/2028 †x◇ | Upgrade | 12/19/2025 | 22234 | 21702 | 21302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366995937, 25.970%, 12/17/2030 †§x | Upgrade | 12/22/2025 | 24602 | 23997 | 23585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 366996463, 24.000%, 12/17/2028 †§x | Upgrade | 12/22/2025 | 24038 | 23463 | 23168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367032226, 29.790%, 12/17/2030 †§x | Upgrade | 12/22/2025 | 21198 | 20678 | 20168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367037002, 26.280%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 24033 | 23455 | 23062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367052082, 29.510%, 12/17/2029 †§x | Upgrade | 12/22/2025 | 21291 | 20771 | 20590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367053095, 27.090%, 12/17/2028 †§x# | Upgrade | 12/22/2025 | 21880 | 21333 | 20757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367058762, 28.510%, 12/17/2030 †§x | Upgrade | 12/22/2025 | 22408 | 21856 | 21589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367064564, 24.440%, 12/17/2028 †x◇ | Upgrade | 12/22/2025 | 24055 | 23479 | 23083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367118751, 25.970%, 12/17/2030 †x◇ | Upgrade | 12/22/2025 | 23618 | 23037 | 22642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367146991, 25.150%, 12/17/2030 †x◇ | Upgrade | 12/22/2025 | 22624 | 22068 | 21746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367167987, 28.280%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 24115 | 23533 | 23135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367170427, 25.760%, 12/17/2029 †x◇ | Upgrade | 12/22/2025 | 24408 | 23814 | 23615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367210932, 23.310%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 21515 | 20999 | 20669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367221863, 22.560%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 22103 | 21573 | 21213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367236877, 29.010%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 24126 | 23544 | 23156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367312551, 29.010%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 24124 | 23543 | 23182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367351167, 22.260%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 24020 | 23444 | 23151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367450744, 27.090%, 12/18/2028 †x◇ | Upgrade | 12/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367496184, 28.530%, 12/18/2028 †§x | Upgrade | 12/22/2025 | 24118 | 23537 | 23103 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**168** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 367509781, 25.010%, 12/18/2030 †§x | Upgrade | 12/22/2025 | $24590 | $23984 | $23809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 370019089, 25.990%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 24803 | 24202 | 23969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 370173999, 29.750%, 1/16/2031 †x◇ | Upgrade | 1/20/2026 | 20854 | 20348 | 20179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 370938313, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 22050 | 21501 | 21464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 371143729, 29.750%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 22841 | 22287 | 22100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 371305378, 29.010%, 1/15/2029 †§x | Upgrade | 1/20/2026 | 24568 | 23982 | 23783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372057001, 15.630%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 21863 | 21326 | 21276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372246617, 14.900%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 49446 | 48240 | 48111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372261186, 25.990%, 1/28/2031 †x◇ | Upgrade | 1/20/2026 | 25000 | 24385 | 23673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372426436, 26.520%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 23620 | 23050 | 22711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372587994, 28.840%, 1/16/2030 †x◇ | Upgrade | 1/20/2026 | 24022 | 23441 | 23206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372627307, 28.530%, 1/15/2029 †§x | Upgrade | 1/20/2026 | 24565 | 23978 | 23789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372748540, 10.030%, 1/23/2029 †§x | Upgrade | 1/26/2026 | 48812 | 47624 | 47561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372852425, 30.380%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 22844 | 22291 | 22102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372960455, 14.590%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 41562 | 40539 | 40245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372992069, 15.630%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 26732 | 26075 | 26001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372996899, 15.610%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 44512 | 43418 | 43265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373261890, 11.770%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 24422 | 23824 | 23794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373292021, 26.510%, 1/15/2029 †§x | Upgrade | 1/20/2026 | 24253 | 23673 | 23487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373294504, 23.760%, 1/16/2029 †x◇ | Upgrade | 1/20/2026 | 24527 | 23939 | 23774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373469526, 18.800%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 34745 | 33912 | 33735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373507047, 30.270%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 21443 | 20924 | 20738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373507401, 30.270%, 1/16/2031 †x◇ | Upgrade | 1/20/2026 | 22843 | 22288 | 22083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373562044, 12.380%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 28581 | 27879 | 27686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373574994, 13.810%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 39542 | 38578 | 38480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373840605, 30.270%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 21435 | 20924 | 20746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373864925, 17.540%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 29115 | 28425 | 28163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373904085, 29.750%, 1/16/2031 †x◇ | Upgrade | 1/20/2026 | 20720 | 20217 | 20051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373945605, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 39566 | 38606 | 38433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 373962115, 12.700%, 1/05/2031 †§x | Upgrade | 1/23/2026 | 39107 | 38165 | 37939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374145413, 12.380%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 38355 | 37418 | 37205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374180201, 29.750%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 21647 | 21123 | 20948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374221711, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 29366 | 28649 | 28414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374232829, 26.840%, 1/05/2030 †x◇ | Upgrade | 1/20/2026 | 24512 | 23935 | 23382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374243464, 10.030%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 29287 | 28575 | 28536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374255671, 9.320%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 26175 | 25547 | 25487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374350666, 18.800%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 20713 | 20213 | 20068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374435467, 25.630%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 24801 | 24200 | 24009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374462938, 30.270%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 21727 | 21189 | 20883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374470619, 13.190%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 39534 | 38570 | 38331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374482029, 15.630%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 32147 | 31364 | 31247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374482361, 15.610%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 41544 | 40531 | 40341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374540602, 25.990%, 1/16/2031 †x◇ | Upgrade | 1/20/2026 | 24803 | 24200 | 23970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374553266, 14.360%, 1/23/2029 †§x# | Upgrade | 1/26/2026 | 37681 | 36762 | 36497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374573977, 9.940%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 29286 | 28572 | 28460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374614352, 17.130%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | 39425 | 38449 | 38409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374629863, 15.630%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 40753 | 39759 | 39612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374674070, 25.010%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 21107 | 20595 | 20439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374683362, 14.160%, 1/24/2031 †§x | Upgrade | 1/29/2026 | 22884 | 22318 | 22158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374802131, 12.380%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 21318 | 20803 | 20737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374820480, 13.360%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 24437 | 23850 | 23786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374889350, 16.850%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 49477 | 48261 | 48113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374897675, 12.380%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 21597 | 21072 | 20967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374901684, 15.630%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 35000 | 34156 | 33986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374924094, 15.630%, 1/20/2031 †§x | Upgrade | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 374992434, 12.870%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 48381 | 47202 | 47131 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**169** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 375019769, 25.990%, 1/16/2031 †x◇ | Upgrade | 1/20/2026 | $24803 | $24200 | $23970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375050153, 28.280%, 1/16/2029 †x◇ | Upgrade | 1/20/2026 | 24185 | 23605 | 23453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375050429, 30.380%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 24830 | 24229 | 24024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375109778, 10.130%, 1/20/2029 †§x | Upgrade | 1/23/2026 | 48814 | 47633 | 47560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375153100, 28.280%, 1/15/2029 †§x | Upgrade | 1/20/2026 | 24531 | 23946 | 23789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375160733, 25.990%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 24803 | 24202 | 23969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375206943, 30.270%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 24830 | 24229 | 24013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375207601, 9.320%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 24524 | 23925 | 23902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375255499, 28.760%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 24821 | 24218 | 24024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375263059, 25.990%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 21827 | 21298 | 21093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375275889, 12.380%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 39603 | 38632 | 38593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375288167, 29.770%, 1/15/2031 †§x | Upgrade | 1/20/2026 | 24827 | 24226 | 24006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375299378, 22.260%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 24515 | 23927 | 23772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375310348, 28.840%, 1/16/2030 †§x | Upgrade | 1/20/2026 | 24729 | 24131 | 23886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375318720, 25.150%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 24798 | 24195 | 24023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375318870, 15.630%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 38117 | 37170 | 37120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375323236, 13.810%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 39542 | 38578 | 38480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375325902, 24.440%, 1/20/2029 †x◇ | Upgrade | 1/23/2026 | 24532 | 23937 | 23831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375389909, 30.270%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 23837 | 23258 | 23039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375432952, 24.440%, 1/15/2029 †§x | Upgrade | 1/20/2026 | 24532 | 23946 | 23799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375436972, 13.190%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 29694 | 28962 | 28711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375475379, 29.790%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 24623 | 24032 | 23346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375476042, 28.530%, 1/15/2029 †§x | Upgrade | 1/20/2026 | 24509 | 23924 | 23735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375509790, 26.520%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 23815 | 23235 | 23043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375548536, 28.760%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 23828 | 23249 | 23063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375560383, 18.800%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 29704 | 28969 | 28893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375561536, 27.760%, 1/16/2029 †x◇ | Upgrade | 1/20/2026 | 24559 | 23970 | 23778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375563157, 29.750%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24827 | 24216 | 24058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375564356, 29.010%, 1/16/2029 †§x# | Upgrade | 1/20/2026 | 24263 | 23669 | 23321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375577124, 14.360%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 39114 | 38174 | 38046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375594665, 27.020%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 24810 | 24207 | 24029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375602112, 30.270%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 24830 | 24227 | 24013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375604159, 12.640%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 30681 | 29928 | 29866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375630900, 15.630%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 39566 | 38594 | 38476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375634968, 12.700%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 27486 | 26805 | 26776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375663984, 28.530%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 21096 | 20591 | 20430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375672610, 26.280%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 24498 | 23911 | 23762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375699052, 11.520%, 1/16/2030 †§x | Upgrade | 1/20/2026 | 21641 | 21116 | 21078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375700586, 26.890%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 24594 | 23994 | 23830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375704779, 28.280%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 23984 | 23409 | 23258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375712289, 15.610%, 1/16/2031 †§x | Upgrade | 1/20/2026 | 39566 | 38601 | 38420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375718579, 17.540%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 31024 | 30252 | 30211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375724913, 14.360%, 1/16/2029 †§x | Upgrade | 1/20/2026 | 38964 | 38019 | 37648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375770248, 12.700%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39527 | 38547 | 38503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375787309, 25.990%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24910 | 24294 | 23689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375795548, 25.970%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24803 | 24193 | 24046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375826196, 27.790%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24353 | 23754 | 23585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375826941, 10.370%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 38964 | 38010 | 37971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375880863, 30.380%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24009 | 23418 | 23267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375913202, 15.140%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 24725 | 24118 | 24045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375931130, 6.480%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29246 | 28532 | 28509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375933522, 15.610%, 1/05/2031 †§x | Upgrade | 1/23/2026 | 28852 | 28140 | 27764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 375939366, 18.080%, 1/27/2030 †x◇ | Upgrade | 1/30/2026 | 31132 | 30358 | 30147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376016677, 15.630%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 34356 | 33503 | 33456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376035255, 24.510%, 1/20/2029 †x◇ | Upgrade | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376042754, 22.290%, 1/20/2029 †x#◇ | Upgrade | 1/23/2026 | 22000 | 21466 | 21097 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**170** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 376056960, 29.010%, 1/20/2029 †x◇ | Upgrade | 1/23/2026 | $24427 | $23834 | $23690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376096283, 14.160%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 41065 | 40045 | 39996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376124143, 24.000%, 1/20/2029 †x◇ | Upgrade | 1/23/2026 | 24509 | 23915 | 23793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376143397, 15.140%, 1/23/2030 †§x | Upgrade | 1/26/2026 | 29549 | 28822 | 28757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376180456, 28.760%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 23034 | 22467 | 22324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376207850, 15.150%, 1/23/2030 †x◇ | Upgrade | 1/26/2026 | 36005 | 35120 | 35046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376337806, 14.360%, 1/20/2029 †§x | Upgrade | 1/23/2026 | 24446 | 23854 | 23793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376344840, 25.970%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24803 | 24193 | 24046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376354171, 18.800%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 24120 | 23536 | 23442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376358469, 15.630%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39498 | 38520 | 38219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376374683, 12.380%, 1/12/2029 †x◇ | Upgrade | 1/30/2026 | 32077 | 31304 | 31111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376390991, 10.840%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 48778 | 47584 | 47544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376392611, 6.580%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 31197 | 30436 | 30411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376393709, 26.010%, 1/20/2029 †x◇ | Upgrade | 1/23/2026 | 24545 | 23949 | 23819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376416052, 13.190%, 1/25/2031 †§x | Upgrade | 1/23/2026 | 35646 | 34757 | 34680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376446394, 25.630%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 20833 | 20321 | 20197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376585108, 26.520%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24807 | 24197 | 24029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376588137, 15.630%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 46604 | 45459 | 45353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376627635, 25.970%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 23122 | 22553 | 22418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376631905, 13.310%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 30550 | 29806 | 29758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376632694, 6.480%, 1/23/2029 †§x | Upgrade | 1/26/2026 | 24372 | 23780 | 23758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376637833, 26.520%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24807 | 24197 | 24039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376643335, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 48922 | 47725 | 47430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376646748, 11.230%, 1/27/2030 †x◇ | Upgrade | 1/30/2026 | 29507 | 28778 | 28664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376647807, 15.580%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 25593 | 24964 | 24890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376660247, 27.020%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 21823 | 21286 | 21163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376664518, 24.000%, 2/01/2029 †x#◇ | Upgrade | 1/23/2026 | 24965 | 24359 | 23983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376666972, 18.800%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 25000 | 24395 | 24297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376669603, 18.070%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 27223 | 26554 | 26465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376681754, 29.750%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24067 | 23475 | 23324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376705128, 13.190%, 1/20/2031 †§x | Upgrade | 1/23/2026 | 39534 | 38563 | 38460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376708561, 15.140%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 24725 | 24118 | 24045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376708767, 15.630%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 21761 | 21227 | 21164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376709914, 25.970%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 23811 | 23226 | 23084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376714536, 15.630%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 21761 | 21227 | 21162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376724184, 9.320%, 1/20/2029 †§x | Upgrade | 1/23/2026 | 48798 | 47618 | 47542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376728984, 12.700%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 36403 | 35509 | 35436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376733771, 25.970%, 1/20/2031 †x◇ | Upgrade | 1/23/2026 | 22045 | 21503 | 21374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376750969, 29.540%, 1/20/2030 †x◇ | Upgrade | 1/23/2026 | 23744 | 23163 | 23012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376752661, 24.510%, 1/20/2029 †x◇ | Upgrade | 1/23/2026 | 24533 | 23938 | 23798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376758130, 11.650%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 23444 | 22870 | 22848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376765743, 13.670%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 38552 | 37595 | 37544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376787260, 6.580%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 43871 | 42805 | 42764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376794755, 15.630%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 26313 | 25683 | 25537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376801571, 12.140%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 41035 | 40037 | 39915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376827537, 15.610%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 20772 | 20256 | 20230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376852715, 15.630%, 1/23/2031 †x | Upgrade | 1/26/2026 | 39378 | 38410 | 38073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376869975, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 29675 | 28937 | 28894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376891975, 12.870%, 1/23/2029 †§x | Upgrade | 1/26/2026 | 28855 | 28152 | 28109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376897448, 9.210%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 34157 | 33327 | 33287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376901007, 10.030%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 30263 | 29526 | 29481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376906249, 16.540%, 1/23/2029 †§x | Upgrade | 1/26/2026 | 39145 | 38190 | 38112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376907586, 17.540%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 29693 | 28954 | 28912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376909267, 6.480%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 31500 | 30742 | 30711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376909734, 6.580%, 1/26/2029 †§x | Upgrade | 1/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376910234, 13.600%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 49404 | 48178 | 48121 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**171** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 376913077, 16.850%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | $31245 | $30489 | $30290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376917735, 14.830%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 28413 | 27715 | 27644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 376953345, 11.650%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29305 | 28588 | 28560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377043490, 14.590%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 42051 | 41026 | 40950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377060868, 11.650%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 29305 | 28592 | 28449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377064948, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 27202 | 26526 | 26487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377100879, 15.630%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 39566 | 38589 | 38500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377113814, 11.180%, 1/23/2030 †x◇ | Upgrade | 1/26/2026 | 27323 | 26652 | 26618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377118998, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 48183 | 46984 | 46584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377122138, 15.580%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 39490 | 38508 | 38454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377126814, 12.380%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 30853 | 30095 | 29944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377145776, 12.150%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24182 | 23589 | 23570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377164244, 12.700%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 20802 | 20288 | 20257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377168182, 15.610%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 24729 | 24118 | 24060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377177457, 13.190%, 1/26/2031 †x#◇ | Upgrade | 1/29/2026 | 50000 | 48760 | 48699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377190715, 15.630%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 24729 | 24118 | 24063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377194892, 12.380%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29314 | 28595 | 28561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377217104, 18.800%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 23969 | 23376 | 23317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377219311, 15.630%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 21863 | 21323 | 21276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377235334, 15.140%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 39560 | 38583 | 38496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377246381, 9.210%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 30254 | 29514 | 29482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377252149, 16.120%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 36948 | 36034 | 35978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377254415, 13.600%, 1/15/2031 †§x | Upgrade | 1/26/2026 | 34040 | 33208 | 32938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377338497, 18.800%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 20843 | 20324 | 20289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377342721, 15.380%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39563 | 38580 | 38524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377351179, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 29675 | 28937 | 28894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377366662, 14.160%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 21751 | 21211 | 21182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377376845, 12.700%, 1/31/2031 †x◇ | Upgrade | 1/29/2026 | 31054 | 30284 | 30195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377377493, 11.720%, 1/23/2031 †§x# | Upgrade | 1/26/2026 | 36000 | 35112 | 35023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377382141, 9.940%, 1/23/2029 †§x | Upgrade | 1/26/2026 | 26714 | 26064 | 26033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377383523, 18.080%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | 39438 | 38460 | 38394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377384015, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 29704 | 28965 | 28912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377387445, 17.540%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 24744 | 24146 | 23901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377392485, 15.610%, 1/17/2031 †§x | Upgrade | 1/29/2026 | 22662 | 22106 | 21854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377402507, 18.800%, 1/23/2031 †x | Upgrade | 1/26/2026 | 22278 | 21727 | 21670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377411540, 18.080%, 1/23/2030 †x#◇ | Upgrade | 1/26/2026 | 29769 | 29036 | 28973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377411740, 11.770%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 25468 | 24844 | 24815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377415549, 17.130%, 1/23/2030 †§x | Upgrade | 1/26/2026 | 31791 | 31009 | 30942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377418013, 13.190%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 24745 | 24135 | 23926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377421816, 13.190%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 24709 | 24099 | 24052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377422468, 18.800%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 34655 | 33797 | 33709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377423222, 12.640%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 22597 | 22040 | 22000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377423747, 18.070%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 26048 | 25403 | 25341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377427551, 15.140%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 39560 | 38583 | 38496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377428470, 15.630%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 39566 | 38589 | 38503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377432643, 13.190%, 1/25/2031 †§x | Upgrade | 1/29/2026 | 23712 | 23124 | 22960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377435296, 14.410%, 1/15/2030 †x◇ | Upgrade | 1/26/2026 | 37299 | 36384 | 36069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377440100, 9.940%, 1/22/2029 †x◇ | Upgrade | 1/26/2026 | 29278 | 28566 | 28418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377442193, 6.480%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24372 | 23777 | 23757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377443950, 15.580%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 39502 | 38526 | 38442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377447176, 15.630%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 24729 | 24118 | 24071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377448187, 11.410%, 1/23/2030 †x◇ | Upgrade | 1/26/2026 | 49182 | 47975 | 47907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377448779, 10.030%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 22126 | 21585 | 21577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377450358, 6.480%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 24831 | 24228 | 24209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377451942, 15.580%, 1/23/2031 †§x | Upgrade | 1/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377452298, 12.870%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 39092 | 38140 | 38078 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**172** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 377452621, 18.800%, 1/23/2031 †§x | Upgrade | 1/26/2026 | $29704 | $28969 | $28893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377456593, 16.120%, 1/23/2030 †x◇ | Upgrade | 1/26/2026 | 44220 | 43132 | 43034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377456950, 8.990%, 1/23/2030 †§x | Upgrade | 1/26/2026 | 43143 | 42086 | 41992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377457487, 15.140%, 1/23/2030 †§x | Upgrade | 1/26/2026 | 26594 | 25940 | 25884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377458775, 10.250%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 40974 | 39964 | 39910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377461146, 15.580%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 24631 | 24037 | 23920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377463800, 15.630%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 27202 | 26530 | 26469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377466311, 15.140%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 29670 | 28937 | 28882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377474429, 6.480%, 1/23/2029 †§x | Upgrade | 1/26/2026 | 43869 | 42803 | 42765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377474668, 15.630%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 50000 | 48804 | 48605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377475499, 9.170%, 1/23/2030 †x◇ | Upgrade | 1/26/2026 | 29485 | 28762 | 28726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377478016, 13.190%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 22699 | 22139 | 21965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377478793, 17.540%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 37611 | 36681 | 36585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377486265, 18.070%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 38579 | 37625 | 37341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377487357, 11.650%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 28070 | 27386 | 27347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377489036, 8.330%, 1/15/2029 †§x | Upgrade | 1/29/2026 | 30165 | 29435 | 29349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377494021, 15.630%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 32147 | 31347 | 31137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377494090, 17.130%, 2/02/2030 †x◇ | Upgrade | 1/30/2026 | 38111 | 37166 | 36832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377494508, 12.450%, 1/26/2031 †§x# | Upgrade | 1/29/2026 | 39155 | 38192 | 37900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377495923, 15.630%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 39566 | 38581 | 38262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377497577, 28.530%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 24000 | 23453 | 23084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377498203, 15.580%, 1/23/2031 †§x | Upgrade | 1/26/2026 | 39319 | 38353 | 38021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377500233, 15.630%, 1/23/2031 †x◇ | Upgrade | 1/26/2026 | 39566 | 38589 | 38500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377500253, 15.630%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 35081 | 34208 | 33971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377503480, 15.610%, 1/25/2031 †§x | Upgrade | 1/26/2026 | 33355 | 32529 | 32458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377506711, 11.900%, 1/23/2030 †x◇ | Upgrade | 1/26/2026 | 29515 | 28790 | 28748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377508266, 11.770%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 39024 | 38074 | 38018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377510010, 30.270%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24425 | 24042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377513611, 14.590%, 1/23/2029 †§x | Upgrade | 1/26/2026 | 39117 | 38163 | 38093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377522957, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 44512 | 43432 | 43132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377523495, 14.590%, 1/26/2029 †x | Upgrade | 1/29/2026 | 32761 | 31956 | 31917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377525411, 13.690%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 29656 | 28920 | 28889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377539271, 6.580%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 22000 | 21469 | 21437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377539373, 14.360%, 1/23/2029 †x◇ | Upgrade | 1/26/2026 | 23957 | 23373 | 23332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377547490, 14.590%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 20536 | 20032 | 20008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377548196, 9.210%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 48796 | 47603 | 47551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377552636, 12.870%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 23455 | 22880 | 22854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377636140, 14.360%, 2/01/2029 †x#◇ | Upgrade | 1/29/2026 | 40000 | 39018 | 38738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377647719, 11.720%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 28134 | 27436 | 27318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377659383, 15.610%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 21761 | 21220 | 20975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377659634, 14.360%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 25000 | 24401 | 24280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377701797, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 34221 | 33370 | 33324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377704638, 16.850%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 28261 | 27558 | 27514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377708359, 12.540%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 26104 | 25457 | 25431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377709399, 15.140%, 1/28/2031 †x◇ | Upgrade | 1/29/2026 | 49491 | 48284 | 47919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377710750, 15.580%, 1/26/2031 †x | Upgrade | 1/29/2026 | 39485 | 38504 | 38450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377717432, 14.830%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 28390 | 27697 | 27527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377719568, 14.830%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24450 | 23850 | 23820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377719832, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 20843 | 20324 | 20289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377722548, 13.190%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 24116 | 23518 | 23488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377724753, 15.580%, 2/02/2031 †§x# | Upgrade | 1/29/2026 | 49966 | 48724 | 48382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377726425, 6.480%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 48743 | 47554 | 47515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377727444, 14.590%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24448 | 23848 | 23819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377732853, 9.210%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 35133 | 34273 | 34251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377736269, 9.320%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377741252, 14.830%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29697 | 28968 | 28935 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**173** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 377745185, 12.150%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | $26907 | $26248 | $26227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377750559, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 37784 | 36843 | 36776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377750710, 11.770%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 27534 | 26862 | 26778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377751885, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 24753 | 24137 | 24093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377752378, 18.800%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 21179 | 20651 | 20472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377753551, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 49458 | 48229 | 48157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377756404, 16.850%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 49470 | 48240 | 48168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377758995, 6.480%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24372 | 23777 | 23757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377759676, 15.140%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 37582 | 36648 | 36597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377760443, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 49400 | 48173 | 48105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377760557, 6.480%, 1/17/2029 †§x# | Upgrade | 1/29/2026 | 25136 | 24524 | 24486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377762592, 18.070%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 21283 | 20754 | 20717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377764057, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 24729 | 24114 | 24078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377767309, 11.770%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 48845 | 47648 | 47587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377769277, 9.940%, 1/28/2029 †§x | Upgrade | 1/29/2026 | 29791 | 29066 | 28938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377770354, 16.540%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 21637 | 21104 | 20894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377771112, 18.070%, 1/26/2031 †x | Upgrade | 1/29/2026 | 25006 | 24383 | 24343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377771288, 13.690%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 29992 | 29247 | 29217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377772387, 14.360%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 37647 | 36723 | 36687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377773581, 15.380%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 22254 | 21700 | 21563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377773695, 15.630%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 49458 | 48226 | 47948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377774032, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 49458 | 48229 | 48157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377783915, 13.190%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 22732 | 22168 | 22141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377789153, 11.770%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 31455 | 30684 | 30648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377790744, 10.030%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 25289 | 24670 | 24644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377801037, 6.480%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 22422 | 21875 | 21857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377803003, 15.150%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 29549 | 28818 | 28787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377805336, 15.580%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 27328 | 26656 | 26445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377807983, 6.480%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 38995 | 38043 | 38012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377825049, 18.070%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 34647 | 33785 | 33726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377830228, 8.330%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24390 | 23794 | 23771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377831009, 18.800%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 39558 | 38573 | 38508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377831734, 12.870%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24432 | 23834 | 23807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377832934, 12.870%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29319 | 28600 | 28568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377833775, 15.580%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 21902 | 21371 | 21225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377836364, 18.800%, 1/26/2031 †x#◇ | Upgrade | 1/29/2026 | 39248 | 38275 | 37951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377837944, 17.340%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | 39428 | 38451 | 38388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377844895, 11.410%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 49182 | 47969 | 47910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377852387, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 39566 | 38583 | 38525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377854923, 29.790%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 23550 | 23010 | 22548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377864062, 10.030%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 48812 | 47618 | 47563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377906004, 12.380%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24428 | 23829 | 23805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377907386, 18.800%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 39108 | 38154 | 37815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377908713, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 29675 | 28954 | 28755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377922642, 9.980%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 48729 | 47537 | 47489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377924449, 14.360%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29335 | 28615 | 28587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377929804, 6.580%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 25347 | 24729 | 24709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377930597, 15.630%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 31233 | 30456 | 30334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377935042, 12.210%, 1/20/2030 †§x | Upgrade | 1/29/2026 | 25530 | 24904 | 24725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377940296, 29.510%, 2/02/2030 †§x | Upgrade | 2/05/2026 | 24370 | 23781 | 23490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377945871, 9.940%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 25518 | 24894 | 24873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377946581, 15.610%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 29674 | 28937 | 28900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377946916, 17.540%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 22590 | 22028 | 21998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377952835, 15.630%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39566 | 38583 | 38525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377957244, 18.800%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377958420, 6.480%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 29246 | 28532 | 28509 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**174** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 377965808, 15.150%, 1/26/2030 †§x | Upgrade | 1/29/2026 | $21180 | $20656 | $20636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377967851, 14.830%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 29203 | 28486 | 28453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377970499, 11.770%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 36145 | 35260 | 35215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377971414, 16.120%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | 35351 | 34476 | 34426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377971822, 12.640%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39494 | 38514 | 38472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377974315, 9.940%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 24405 | 23810 | 23716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377976865, 14.830%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24617 | 24012 | 23982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377978847, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 41065 | 40044 | 39988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377980496, 12.700%, 1/11/2031 †§x | Upgrade | 1/29/2026 | 33421 | 32598 | 32442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377984617, 11.720%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 39514 | 38535 | 38494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377987651, 6.480%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 21447 | 20924 | 20907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377988880, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 22278 | 21723 | 21684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377992483, 12.380%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 48856 | 47659 | 47610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377994932, 12.150%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 39081 | 38124 | 38093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378001131, 10.380%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 25876 | 25243 | 25216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378001434, 18.080%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | 49274 | 48053 | 47975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378001683, 15.580%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 26244 | 25592 | 25556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378007813, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 26313 | 25687 | 25521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378011829, 9.210%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24886 | 24278 | 24251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378015161, 14.830%, 1/26/2029 †x#◇ | Upgrade | 1/29/2026 | 28106 | 27419 | 27304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378015873, 6.580%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 24373 | 23778 | 23759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378017979, 12.540%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 40242 | 39243 | 39092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378019863, 12.700%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 24705 | 24091 | 23996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378024370, 11.670%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 47520 | 46341 | 46206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378026366, 7.700%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 48745 | 47555 | 47515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378030525, 9.940%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 23429 | 22856 | 22836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378035978, 15.380%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 43723 | 42661 | 42386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378036424, 18.800%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 30132 | 29381 | 29331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378037309, 11.410%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 25701 | 25072 | 25050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378040169, 12.940%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 34589 | 33731 | 33690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378040506, 14.360%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 39114 | 38154 | 38116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378042624, 6.480%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 34763 | 33915 | 33891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378044472, 15.610%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 22750 | 22185 | 22157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378046521, 9.940%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29286 | 28570 | 28546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378052955, 11.770%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 48845 | 47648 | 47587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378057022, 6.580%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 47770 | 46604 | 46567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378060215, 18.070%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 26048 | 25399 | 25358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378061463, 10.250%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 35544 | 34664 | 34629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378063100, 15.140%, 1/16/2030 †§x | Upgrade | 1/29/2026 | 49040 | 47835 | 47448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378069710, 12.450%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 34668 | 33808 | 33770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378072799, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 37925 | 36983 | 36931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378076600, 9.320%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 24399 | 23803 | 23778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378081785, 18.800%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 29471 | 28762 | 28620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378085810, 13.600%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 49345 | 48120 | 48063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378088219, 6.580%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 31197 | 30436 | 30411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378094839, 6.480%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 29246 | 28532 | 28509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378103096, 18.070%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 23758 | 23167 | 23126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378114972, 12.870%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 28342 | 27647 | 27616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378130923, 17.540%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 29693 | 28954 | 28912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378174724, 13.310%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 20697 | 20190 | 20169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378192911, 9.170%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | 30467 | 29717 | 29687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378195829, 14.590%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 32736 | 31933 | 31896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378201321, 10.370%, 1/11/2029 †x◇ | Upgrade | 1/29/2026 | 36223 | 35351 | 35236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378207530, 15.630%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 31653 | 30866 | 30820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378208046, 14.360%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378209668, 9.940%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 21965 | 21427 | 21409 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**175** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 378220466, 15.150%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | $29549 | $28818 | $28787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378234677, 6.480%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 29246 | 28532 | 28509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378236047, 15.630%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 49458 | 48229 | 48156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378237315, 11.230%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 32458 | 31658 | 31626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378239401, 18.800%, 1/27/2031 †x | Upgrade | 1/30/2026 | 34655 | 33790 | 33558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378241176, 17.540%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 21775 | 21232 | 21019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378243219, 15.580%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 21450 | 20917 | 20887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378244455, 13.060%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 49126 | 47913 | 47857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378247974, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 44556 | 43447 | 43368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378256011, 13.600%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 49197 | 47976 | 47919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378257166, 13.690%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 23724 | 23136 | 23111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378258577, 13.690%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 25785 | 25156 | 24904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378259167, 17.130%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 41889 | 40852 | 40809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378259652, 15.580%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 37794 | 36855 | 36804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378262760, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 25505 | 24871 | 24837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378266845, 12.640%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 20860 | 20343 | 20318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378268125, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 33598 | 32764 | 32718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378271987, 6.480%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 31196 | 30434 | 30409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378272556, 15.060%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 43184 | 42116 | 42060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378273468, 11.720%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39514 | 38535 | 38494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378277391, 18.800%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 24753 | 24157 | 23981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378279096, 12.380%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 25711 | 25081 | 25058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378281568, 9.940%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 39048 | 38093 | 38061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378281645, 9.210%, 1/16/2029 †§x | Upgrade | 1/29/2026 | 21273 | 20753 | 20725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378284856, 12.380%, 1/28/2029 †x◇ | Upgrade | 1/30/2026 | 30213 | 29478 | 29317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378289335, 13.690%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 24219 | 23618 | 23593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378289458, 8.330%, 1/20/2029 †x◇ | Upgrade | 1/30/2026 | 22402 | 21857 | 21797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378293972, 17.540%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 42813 | 41778 | 41358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378299473, 18.070%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 25738 | 25097 | 25054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378306291, 12.150%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 34196 | 33358 | 33331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378310274, 7.700%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 28063 | 27377 | 27364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378310817, 9.940%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 39048 | 38091 | 37938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378316208, 13.310%, 2/01/2029 †§x# | Upgrade | 1/29/2026 | 34480 | 33635 | 33453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378316375, 6.480%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 30221 | 29483 | 29459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378319385, 12.640%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39515 | 38535 | 38492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378321924, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 47012 | 45844 | 45780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378324166, 13.190%, 1/25/2031 †§x | Upgrade | 1/29/2026 | 32575 | 31769 | 31560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378326107, 15.630%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 25718 | 25079 | 25041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378327478, 14.590%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 39117 | 38168 | 37967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378327915, 9.940%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 22000 | 21475 | 21388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378329119, 16.120%, 1/26/2030 †§x | Upgrade | 1/29/2026 | 36219 | 35323 | 35268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378329933, 15.630%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 24729 | 24113 | 23919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378331049, 15.580%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 22498 | 21939 | 21755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378333041, 9.300%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 24859 | 24250 | 24187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378333057, 18.070%, 1/27/2031 †x#◇ | Upgrade | 1/30/2026 | 21000 | 20476 | 20337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378334639, 6.480%, 1/13/2029 †x◇ | Upgrade | 1/30/2026 | 29171 | 28460 | 28416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378337121, 9.940%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 23429 | 22856 | 22836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378346703, 13.310%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 48610 | 47418 | 47370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378348991, 6.580%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 29247 | 28533 | 28510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378350178, 7.990%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24386 | 23791 | 23769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378350425, 18.800%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 39545 | 38558 | 38229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378351206, 12.380%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 24428 | 23829 | 23805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378356145, 18.070%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 30687 | 29924 | 29872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378358983, 12.150%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 39731 | 38758 | 38730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378360984, 30.270%, 2/03/2031 †§x | Upgrade | 2/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378366986, 9.940%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 23429 | 22856 | 22836 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**176** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 378367016, 15.060%, 1/26/2030 †x◇ | Upgrade | 1/29/2026 | $24234 | $23634 | $23603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378372773, 6.580%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 32172 | 31387 | 31361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378374474, 8.330%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 21820 | 21294 | 21246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378374816, 12.380%, 2/06/2029 †x#◇ | Upgrade | 1/30/2026 | 37755 | 36828 | 36639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378377819, 15.140%, 1/20/2031 †x◇ | Upgrade | 1/29/2026 | 32214 | 31421 | 31175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378377945, 18.070%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 25738 | 25097 | 25054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378382830, 15.580%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 38597 | 37638 | 37586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378385816, 8.330%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 34824 | 33973 | 33944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378394275, 15.630%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 37588 | 36652 | 36424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378396080, 16.850%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 21201 | 20688 | 20553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378399505, 11.420%, 1/26/2029 †x◇ | Upgrade | 1/29/2026 | 24419 | 23821 | 23791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378407123, 15.580%, 1/27/2031 †x | Upgrade | 1/30/2026 | 49401 | 48171 | 47849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378414522, 15.630%, 1/28/2031 †x | Upgrade | 2/02/2026 | 22751 | 22198 | 22099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378456738, 6.580%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 22598 | 22047 | 22029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378467548, 9.940%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 35660 | 34790 | 34637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378469122, 15.140%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 26703 | 26040 | 26001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378476269, 13.600%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 49330 | 48105 | 48048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378481643, 18.070%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 39597 | 38611 | 38544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378482650, 14.830%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 48831 | 47632 | 47577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378482878, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 20822 | 20317 | 20228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378483148, 15.580%, 1/26/2031 †§x | Upgrade | 1/29/2026 | 39515 | 38533 | 38479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378486467, 10.030%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 48812 | 47622 | 47550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378489915, 11.650%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 20841 | 20330 | 20194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378491613, 18.800%, 1/26/2031 †x◇ | Upgrade | 1/29/2026 | 23737 | 23146 | 23107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378496741, 15.630%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 29675 | 28936 | 28697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378501603, 18.080%, 1/14/2030 †§x | Upgrade | 1/29/2026 | 25757 | 25131 | 24912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378502825, 12.380%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 20569 | 20065 | 20046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378503231, 12.380%, 1/15/2029 †x◇ | Upgrade | 1/30/2026 | 34057 | 33225 | 33033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378504119, 13.690%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 39541 | 38558 | 38159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378504993, 6.480%, 1/26/2029 †§x | Upgrade | 1/29/2026 | 37532 | 36616 | 36586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378505869, 18.070%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 49496 | 48261 | 47849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378514857, 8.330%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 32194 | 31406 | 31334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378520796, 12.700%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 39527 | 38546 | 38393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378523108, 18.070%, 1/27/2031 †x | Upgrade | 1/30/2026 | 42071 | 41022 | 40671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378523261, 9.210%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 29278 | 28561 | 28484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378527028, 9.210%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 48728 | 47539 | 47504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378527783, 13.190%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 39534 | 38552 | 38255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378531853, 7.990%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 30727 | 29975 | 29924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378532788, 13.690%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 39541 | 38558 | 38159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378533461, 15.580%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 24557 | 23946 | 23788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378535786, 13.190%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 20755 | 20240 | 20084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378536127, 9.940%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 39048 | 38091 | 37938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378538903, 6.580%, 1/27/2029 †x◇ | Upgrade | 1/30/2026 | 32172 | 31385 | 31309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378542948, 15.580%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 38964 | 37994 | 37684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378543263, 9.940%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 27334 | 26664 | 26587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378543929, 13.600%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 49376 | 48149 | 47780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378547049, 15.140%, 1/28/2030 †x◇ | Upgrade | 2/02/2026 | 39149 | 38187 | 37962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378565168, 15.630%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 39566 | 38581 | 38262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378566083, 14.170%, 1/27/2030 †§x | Upgrade | 1/30/2026 | 23836 | 23245 | 23119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378567794, 9.320%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 39039 | 38082 | 37993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378575761, 18.070%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 49496 | 48261 | 47849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378578280, 12.700%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 24705 | 24091 | 23996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378578281, 10.030%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 24406 | 23808 | 23774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378578842, 15.580%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 23481 | 22903 | 22724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378579442, 13.190%, 1/27/2031 †§x | Upgrade | 1/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378582177, 12.380%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 22105 | 21562 | 21500 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**177** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 378590571, 15.580%, 1/15/2031 †§x | Upgrade | 1/30/2026 | $24407 | $23810 | $23621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378591201, 12.450%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 49405 | 48178 | 47980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378593116, 15.140%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 31228 | 30451 | 30251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378595042, 11.650%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 26219 | 25575 | 25445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378595704, 12.700%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 29152 | 28427 | 28315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378604336, 11.890%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 22318 | 21770 | 21661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378607938, 18.800%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 46545 | 45384 | 45077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378611300, 14.900%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 22745 | 22179 | 22094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378613418, 15.140%, 2/01/2031 †§x | Upgrade | 1/30/2026 | 40000 | 39043 | 38737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378613525, 17.540%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 28307 | 27601 | 27324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378613783, 9.940%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 24405 | 23807 | 23669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378616119, 17.340%, 1/27/2030 †x | Upgrade | 1/30/2026 | 24642 | 24031 | 23862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378620804, 18.800%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 22112 | 21560 | 21376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378627430, 10.250%, 2/01/2031 †§x | Upgrade | 1/30/2026 | 50000 | 48793 | 48614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378628020, 18.070%, 1/16/2031 †x◇ | Upgrade | 1/30/2026 | 33964 | 33127 | 32856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378628295, 15.630%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 31653 | 30865 | 30738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378628859, 18.800%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 20843 | 20323 | 20149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378630976, 12.140%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 48851 | 47652 | 47511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378631948, 18.800%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 29704 | 28963 | 28713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378632322, 14.590%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 24448 | 23847 | 23722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378632741, 11.770%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 24414 | 23817 | 23747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378634654, 15.630%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 36480 | 35609 | 35401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378635691, 13.600%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 38405 | 37487 | 37267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378637482, 16.850%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 49477 | 48244 | 47849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378640553, 9.210%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 48796 | 47601 | 47473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378646079, 14.830%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 24450 | 23849 | 23724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378651803, 10.030%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 48728 | 47535 | 47512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378660409, 12.870%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 28500 | 27824 | 27702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378661083, 11.720%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 38375 | 37422 | 37228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378663953, 12.140%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 24426 | 23826 | 23755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378673016, 13.690%, 1/27/2031 †x◇ | Upgrade | 1/30/2026 | 25010 | 24388 | 24103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378678855, 15.140%, 1/28/2030 †x◇ | Upgrade | 2/02/2026 | 26527 | 25872 | 25725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378680994, 10.370%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 38671 | 37723 | 37586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378681316, 15.630%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 36884 | 35971 | 35678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378682294, 14.590%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 39117 | 38155 | 37877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378687853, 12.540%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 37535 | 36603 | 36462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378689469, 6.580%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 34571 | 33728 | 33670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378693564, 17.540%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 27968 | 27271 | 26947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378695950, 13.190%, 1/27/2031 †§x | Upgrade | 1/30/2026 | 20755 | 20240 | 20084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378703341, 15.610%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 32642 | 31850 | 31538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378706444, 16.850%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 45000 | 43918 | 43705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378711678, 14.360%, 1/27/2029 †§x | Upgrade | 1/30/2026 | 39114 | 38152 | 37798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378714127, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 35610 | 34745 | 34520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378717648, 12.380%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 24428 | 23834 | 23713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378718394, 13.690%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 27933 | 27253 | 26979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378724678, 12.700%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24399 | 24307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378725510, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 24729 | 24129 | 23972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378728228, 15.580%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 21585 | 21050 | 20934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378729645, 29.180%, 1/28/2031 †§x | Upgrade | 2/05/2026 | 24674 | 24097 | 23799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378731889, 15.610%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 28908 | 28206 | 27933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378733964, 9.940%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 22453 | 21905 | 21819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378737728, 15.140%, 1/28/2030 †§x | Upgrade | 2/02/2026 | 39178 | 38226 | 37998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378741778, 15.630%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 39566 | 38606 | 38433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378743950, 15.580%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 26712 | 26064 | 25887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378744958, 15.610%, 1/28/2031 †§x | Upgrade | 2/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378748010, 15.580%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 21084 | 20572 | 20433 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**178** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 378767432, 6.580%, 2/02/2029 †§x | Upgrade | 2/02/2026 | $44000 | $42941 | $42870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378772404, 11.650%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 26375 | 25733 | 25604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378774647, 12.210%, 1/28/2030 †x◇ | Upgrade | 2/02/2026 | 39357 | 38397 | 38170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378780564, 12.140%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 34196 | 33364 | 33263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378786207, 14.830%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 25734 | 25110 | 24980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378788746, 15.140%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 23736 | 23159 | 23001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378789577, 13.190%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 30639 | 29892 | 29707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378790366, 15.140%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 39560 | 38599 | 38335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378790920, 15.630%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 29675 | 28954 | 28767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378791355, 15.140%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 39394 | 38420 | 38200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378791539, 15.630%, 1/15/2031 †§x | Upgrade | 2/02/2026 | 23606 | 23028 | 22863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378791987, 15.610%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 24729 | 24128 | 23892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378795147, 12.870%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 43978 | 42909 | 42729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378797743, 29.750%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 22000 | 21495 | 21183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378805570, 15.140%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 24725 | 24124 | 23959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378806562, 11.650%, 1/19/2029 †§x | Upgrade | 2/02/2026 | 23815 | 23233 | 23111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378814039, 13.190%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 21210 | 20693 | 20565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378814065, 9.940%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 35143 | 34287 | 34152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378818072, 15.610%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 24729 | 24128 | 23892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378818805, 14.590%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 39117 | 38168 | 37967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378818949, 11.770%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 30440 | 29699 | 29623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378819793, 11.720%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 21315 | 20793 | 20711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378824677, 9.940%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 37096 | 36191 | 36049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378825504, 6.480%, 1/13/2029 †§x | Upgrade | 2/02/2026 | 30138 | 29407 | 29356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378825783, 13.190%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 28662 | 27963 | 27790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378831333, 18.070%, 1/28/2031 †x | Upgrade | 2/02/2026 | 26048 | 25419 | 25239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378834930, 15.140%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 24725 | 24124 | 23959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378838924, 9.210%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 48796 | 47606 | 47570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378841085, 9.940%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 27334 | 26667 | 26562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378843555, 14.590%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 39117 | 38168 | 37967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378859524, 6.580%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 27000 | 26350 | 26308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378861130, 14.590%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 21514 | 20992 | 20882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378874510, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 29471 | 28748 | 28689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378879308, 9.210%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 30254 | 29516 | 29494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378890709, 9.940%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 24405 | 23810 | 23742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378895851, 10.370%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 48556 | 47373 | 47262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378899543, 9.940%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 32215 | 31429 | 31306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378912871, 14.830%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 35208 | 34354 | 34173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378917198, 15.630%, 2/18/2031 †§x | Upgrade | 2/06/2026 | 34875 | 34025 | 33828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378924428, 15.610%, 2/11/2031 †§x | Upgrade | 2/02/2026 | 32500 | 31716 | 31405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378927801, 18.800%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 30269 | 29540 | 29328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378973494, 14.170%, 1/28/2030 †§x | Upgrade | 2/02/2026 | 20883 | 20375 | 20307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378982975, 6.580%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 28077 | 27392 | 27357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378987589, 15.630%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 25718 | 25094 | 24981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 378993323, 17.540%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 29445 | 28734 | 28442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379007100, 6.580%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 43871 | 42799 | 42745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379008532, 13.190%, 1/28/2031 †x◇ | Upgrade | 2/02/2026 | 40522 | 39534 | 39289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379011472, 13.190%, 1/21/2031 †§x | Upgrade | 2/02/2026 | 30561 | 29804 | 29611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379013586, 15.580%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 29702 | 28982 | 28785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379022332, 9.210%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 48796 | 47606 | 47570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379023830, 16.540%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 24466 | 23873 | 23697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379042147, 14.160%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 20812 | 20305 | 20179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379045369, 11.230%, 1/28/2030 †§x | Upgrade | 2/02/2026 | 49179 | 47977 | 47826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379051665, 6.480%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 23397 | 22825 | 22813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379051860, 18.070%, 1/28/2031 †§x | Upgrade | 2/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379053810, 15.580%, 1/17/2031 †x◇ | Upgrade | 2/02/2026 | 36367 | 35474 | 35218 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**179** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 379054524, 9.940%, 1/28/2029 †§x | Upgrade | 2/02/2026 | $33191 | $32382 | $32254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379056329, 15.580%, 1/28/2031 †§x | Upgrade | 2/02/2026 | 21823 | 21293 | 21148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379057515, 15.630%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 24208 | 23630 | 23494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379060368, 10.370%, 1/28/2029 †x◇ | Upgrade | 2/02/2026 | 39885 | 38913 | 38822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379061454, 6.580%, 1/28/2029 †§x | Upgrade | 2/02/2026 | 38509 | 37568 | 37521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379106018, 9.210%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 30000 | 29269 | 29239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379120116, 15.580%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 49985 | 48795 | 48480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379122125, 12.150%, 2/02/2029 †§x | Upgrade | 2/09/2026 | 22225 | 21696 | 21578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379140232, 29.270%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24424 | 24057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379141671, 14.360%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 40000 | 39039 | 38856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379143575, 18.800%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 24690 | 24105 | 23957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379146904, 15.580%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 36706 | 35821 | 35647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379166903, 15.580%, 1/29/2031 †x◇ | Upgrade | 2/02/2026 | 46851 | 45723 | 45403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379173042, 15.580%, 1/29/2031 †x◇ | Upgrade | 2/02/2026 | 39067 | 38126 | 37859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379178114, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 50000 | 48810 | 48490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379180511, 14.160%, 1/29/2031 †x◇ | Upgrade | 2/02/2026 | 42827 | 41793 | 41526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379186414, 11.180%, 1/29/2030 †x◇ | Upgrade | 2/02/2026 | 22605 | 22057 | 21985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379197532, 13.310%, 1/29/2029 †x◇ | Upgrade | 2/02/2026 | 46435 | 45318 | 45077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379199365, 15.610%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 22824 | 22279 | 22104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379201275, 14.170%, 1/29/2030 †x◇ | Upgrade | 2/02/2026 | 44291 | 43222 | 43064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379205392, 6.480%, 1/29/2029 †x◇ | Upgrade | 2/02/2026 | 34114 | 33286 | 33263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379205527, 15.630%, 1/29/2031 †x◇ | Upgrade | 2/02/2026 | 49436 | 48246 | 47924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379208618, 9.210%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 23000 | 22447 | 22419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379209291, 25.980%, 2/19/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24398 | 24147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379209345, 8.460%, 1/29/2030 †x◇ | Upgrade | 2/02/2026 | 31926 | 31148 | 31102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379239570, 6.580%, 1/29/2029 †x◇ | Upgrade | 2/02/2026 | 43863 | 42798 | 42738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379258301, 6.580%, 1/29/2029 †x◇ | Upgrade | 2/02/2026 | 38989 | 38043 | 37989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379294852, 6.580%, 1/29/2029 †§x | Upgrade | 2/02/2026 | 25343 | 24728 | 24693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379302457, 15.610%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 45000 | 43915 | 43621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379304073, 6.580%, 1/29/2029 †§x | Upgrade | 2/02/2026 | 26318 | 25679 | 25643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379306055, 25.630%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24408 | 24163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379312766, 13.690%, 1/29/2031 †§x | Upgrade | 2/02/2026 | 29644 | 28927 | 28628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379313588, 15.580%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 31762 | 31006 | 30806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379318346, 12.380%, 1/29/2029 †§x | Upgrade | 2/02/2026 | 21489 | 20972 | 20860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379320953, 9.030%, 1/29/2031 †§x | Upgrade | 2/02/2026 | 49332 | 48129 | 48008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379331381, 15.630%, 1/29/2031 †§x | Upgrade | 2/02/2026 | 27684 | 27018 | 26838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379332002, 12.540%, 1/29/2031 †§x | Upgrade | 2/02/2026 | 29081 | 28376 | 28257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379333830, 16.850%, 1/25/2031 †§x | Upgrade | 2/02/2026 | 24692 | 24080 | 23916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379340122, 15.610%, 2/06/2031 †§x# | Upgrade | 2/02/2026 | 40000 | 39029 | 38650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379351377, 18.800%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 37910 | 37011 | 36785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379351777, 13.670%, 1/29/2031 †§x | Upgrade | 2/02/2026 | 49407 | 48212 | 48039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379351821, 9.320%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 25500 | 24890 | 24824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379365472, 15.630%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 36838 | 35959 | 35763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379388189, 28.010%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 24092 | 23489 | 23371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379403080, 29.790%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 21638 | 21130 | 20830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379436952, 16.850%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 33644 | 32841 | 32659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379437642, 18.800%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 40000 | 39055 | 38783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379449141, 15.580%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 39902 | 38952 | 38701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379449180, 15.630%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 23155 | 22601 | 22473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379474309, 15.580%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 20701 | 20207 | 20091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379479287, 6.480%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 26500 | 25862 | 25836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379536949, 25.970%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 24000 | 23444 | 23116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379557863, 12.870%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 28680 | 28000 | 27877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379606059, 22.290%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 23300 | 22749 | 22541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379636704, 9.940%, 2/09/2029 †§x | Upgrade | 2/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20493 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379652115, 25.970%, 2/15/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24397 | 24164 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**180** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 379652740, 14.830%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | $25405 | $24790 | $24715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379653910, 9.170%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 21000 | 20490 | 20452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379671524, 6.580%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 24000 | 23421 | 23386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379675869, 16.850%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 36053 | 35186 | 35019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379683548, 16.540%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 38000 | 37092 | 36889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379689457, 13.190%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 23608 | 23020 | 22934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379692694, 30.380%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 25000 | 24427 | 24070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379693265, 24.260%, 1/20/2029 †§x | Upgrade | 2/05/2026 | 24315 | 23719 | 23564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379698984, 9.980%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 33989 | 33168 | 33110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379700823, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 27500 | 26826 | 26749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379730657, 25.970%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24408 | 24162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379734850, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 23155 | 22604 | 22458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379743685, 15.150%, 2/02/2030 †§x | Upgrade | 2/05/2026 | 32255 | 31490 | 31199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379749150, 15.580%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 39808 | 38862 | 38601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379767830, 25.990%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 23000 | 22467 | 22029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379777417, 18.800%, 1/25/2031 †§x | Upgrade | 2/12/2026 | 23641 | 23050 | 22934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379777534, 9.170%, 2/02/2030 †§x | Upgrade | 2/05/2026 | 20896 | 20394 | 20348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379784635, 15.140%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 48000 | 46856 | 46602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379790050, 9.940%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 25000 | 24404 | 24302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379791843, 15.610%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 23000 | 22454 | 22244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379798670, 28.010%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 25000 | 24397 | 24256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379802987, 14.830%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 31576 | 30832 | 30662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379821643, 12.640%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 29663 | 28954 | 28778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379837663, 10.030%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 40000 | 39047 | 38966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379839641, 6.580%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 29300 | 28596 | 28549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379862978, 10.370%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 49975 | 48785 | 48648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379877991, 6.580%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 35000 | 34159 | 34103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379880249, 13.920%, 1/25/2030 †§x | Upgrade | 2/09/2026 | 32364 | 31560 | 31452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379895284, 11.410%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 22000 | 21469 | 21403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379897238, 14.830%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 40000 | 39058 | 38839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379903736, 16.120%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 31576 | 30825 | 30657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379905127, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 32030 | 31269 | 31056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379908834, 24.260%, 1/27/2029 †§x | Upgrade | 2/05/2026 | 23439 | 22861 | 22726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379910603, 15.580%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 22656 | 22117 | 21969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379912177, 12.380%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 50000 | 48813 | 48564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379914978, 29.750%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24424 | 24083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379915755, 13.190%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 25000 | 24403 | 24253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379921208, 18.800%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 21050 | 20553 | 20412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379925685, 12.700%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 40000 | 39041 | 38878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379937337, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 50000 | 48812 | 48498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379938606, 13.250%, 2/02/2030 †§x | Upgrade | 2/05/2026 | 37500 | 36608 | 36322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379941073, 8.330%, 2/05/2029 †§x | Upgrade | 2/05/2026 | 30000 | 29266 | 29205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379945601, 15.150%, 2/13/2030 †§x | Upgrade | 2/05/2026 | 31500 | 30740 | 30471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379947404, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 26313 | 25688 | 25515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379947425, 6.480%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 23000 | 22447 | 22424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379948916, 13.310%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 20599 | 20095 | 20050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379951840, 18.070%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 24500 | 23920 | 23756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379954379, 29.750%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 25000 | 24427 | 24072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379956609, 30.380%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 25000 | 24427 | 24070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379959074, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 24096 | 23523 | 23412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379968020, 14.830%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 23000 | 22458 | 22332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379978318, 15.380%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 33000 | 32212 | 32031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379978587, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 49962 | 48776 | 48461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379987777, 11.720%, 2/15/2031 †§x | Upgrade | 2/05/2026 | 26000 | 25367 | 25271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379988466, 29.770%, 2/02/2031 †§x | Upgrade | 2/05/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379988630, 22.010%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 25000 | 24415 | 24140 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**181** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 379990512, 28.840%, 2/02/2030 †§x | Upgrade | 2/05/2026 | $25000 | $24427 | $24050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379990578, 15.580%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 28712 | 28025 | 27865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379995787, 15.140%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 38000 | 37094 | 36853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379995908, 12.150%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 24500 | 23910 | 23800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 379996670, 8.330%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 23500 | 22938 | 22877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380001956, 15.610%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 30000 | 29287 | 29014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380002924, 25.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 21000 | 20513 | 20227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380006721, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 31576 | 30826 | 30630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380016595, 6.480%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 24452 | 23865 | 23843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380042930, 12.290%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 21253 | 20747 | 20668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380047468, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 49029 | 47837 | 47588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380067968, 12.870%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 45000 | 43935 | 43735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380101273, 14.830%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 29000 | 28315 | 28163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380118574, 12.380%, 2/14/2029 †§x | Upgrade | 2/05/2026 | 30000 | 29278 | 29136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380134325, 12.210%, 2/02/2030 †§x | Upgrade | 2/05/2026 | 50000 | 48807 | 48518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380141258, 15.380%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 37500 | 36581 | 36480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380148989, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 23500 | 22942 | 22794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380149145, 18.800%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 23945 | 23365 | 23274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380161060, 6.480%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 25000 | 24398 | 24374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380164919, 28.840%, 2/02/2030 †§x | Upgrade | 2/05/2026 | 25000 | 24427 | 23938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380177217, 6.480%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 33500 | 32695 | 32662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380186397, 16.540%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 21000 | 20502 | 20372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380191183, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 22500 | 21965 | 21816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380197432, 6.580%, 2/18/2029 †§x | Upgrade | 2/06/2026 | 45000 | 43907 | 43847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380197999, 14.360%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 25000 | 24410 | 24245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380229155, 25.970%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 25000 | 24421 | 24079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380229170, 14.410%, 2/02/2030 †§x | Upgrade | 2/05/2026 | 21000 | 20502 | 20361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380234728, 14.830%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 22000 | 21482 | 21361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380235874, 15.140%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 30000 | 29286 | 29089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380246602, 12.380%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 26313 | 25688 | 25560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380250663, 26.020%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24419 | 24140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380252527, 12.870%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 35000 | 34170 | 34020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380277087, 15.610%, 2/09/2031 †§x | Upgrade | 2/06/2026 | 29345 | 28636 | 28394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380279565, 12.150%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 30000 | 29289 | 29102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380303421, 11.720%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 27500 | 26841 | 26727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380325592, 6.480%, 2/02/2029 †§x | Upgrade | 2/05/2026 | 36000 | 35135 | 35099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380367757, 14.360%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 24000 | 23424 | 23309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380380062, 11.720%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 39248 | 38277 | 38186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380389385, 29.750%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24424 | 24083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380399112, 12.870%, 2/01/2029 †§x | Upgrade | 2/05/2026 | 39000 | 38078 | 37903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380401115, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 27500 | 26845 | 26724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380413556, 18.070%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 26000 | 25386 | 25205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380421103, 15.140%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 35000 | 34166 | 33944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380427503, 12.720%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 25000 | 24401 | 24263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380428081, 13.690%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 36000 | 35135 | 34852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380430702, 18.080%, 2/03/2030 †§x | Upgrade | 2/06/2026 | 39290 | 38364 | 38097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380431098, 15.140%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 38666 | 37726 | 37553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380432001, 7.570%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 45000 | 43920 | 43844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380432182, 15.630%, 2/02/2031 †§x | Upgrade | 2/05/2026 | 26313 | 25688 | 25515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380432353, 9.940%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 40000 | 39045 | 38887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380435990, 30.380%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 21000 | 20517 | 20229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380437295, 12.450%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24394 | 24286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380437350, 25.970%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24419 | 24091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380437405, 9.210%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 36000 | 35134 | 35091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380440029, 12.870%, 1/19/2029 †§x | Upgrade | 2/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380440717, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 41500 | 40470 | 40298 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**182** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 380442199, 6.580%, 2/03/2029 †§x | Upgrade | 2/06/2026 | $25000 | $24399 | $24359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380443453, 6.480%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 50000 | 48797 | 48748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380444493, 23.010%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24415 | 24147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380447295, 16.850%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 49901 | 48716 | 48412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380451715, 30.020%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24425 | 24077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380451857, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 30000 | 29286 | 29104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380452231, 15.060%, 2/03/2030 †§x | Upgrade | 2/06/2026 | 49988 | 48801 | 48480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380453278, 15.140%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 30000 | 29285 | 29095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380454324, 10.860%, 2/03/2029 †§x# | Upgrade | 2/06/2026 | 21822 | 21292 | 21261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380454350, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 22000 | 21461 | 21402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380454803, 18.800%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 37500 | 36611 | 36383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380458611, 14.590%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 28000 | 27338 | 27192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380463810, 14.830%, 2/13/2029 †x | Upgrade | 2/17/2026 | 29000 | 28297 | 28209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380466267, 18.070%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 30000 | 29278 | 29133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380467381, 30.020%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 24515 | 23939 | 23660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380468924, 10.030%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 37000 | 36117 | 36044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380469957, 14.590%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 39000 | 38073 | 37891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380470710, 13.190%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24402 | 24258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380482285, 6.480%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 45000 | 43917 | 43873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380483040, 15.580%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 39947 | 38996 | 38744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380485765, 12.700%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 32400 | 31624 | 31491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380486881, 15.630%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 42198 | 41190 | 41025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380487277, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 40000 | 39048 | 38792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380489780, 16.540%, 2/15/2029 †§x | Upgrade | 2/06/2026 | 22000 | 21472 | 21330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380490393, 18.070%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 50000 | 48800 | 48544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380495757, 13.690%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 24000 | 23426 | 23210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380497299, 13.690%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 38000 | 37091 | 36749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380499223, 13.310%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 49968 | 48784 | 48535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380510159, 17.130%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 39781 | 38837 | 38506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380514342, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24405 | 24245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380514379, 14.830%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 21050 | 20553 | 20445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380524970, 14.360%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 22000 | 21477 | 21389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380527392, 18.800%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 39921 | 38974 | 38740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380529295, 18.800%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 37754 | 36849 | 36657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380529620, 7.700%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 22294 | 21759 | 21736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380531260, 14.830%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 21445 | 20916 | 20835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380533444, 12.540%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 33002 | 32185 | 32109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380536971, 6.580%, 2/18/2029 †§x | Upgrade | 2/06/2026 | 41000 | 39995 | 39950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380546976, 11.770%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 39961 | 38998 | 38910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380550367, 15.150%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 21000 | 20495 | 20358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380550657, 13.190%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 32000 | 31232 | 31068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380556205, 15.140%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 29000 | 28309 | 28125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380572127, 15.630%, 2/18/2031 †§x | Upgrade | 2/06/2026 | 25000 | 24393 | 24256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380605473, 13.670%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 50000 | 48801 | 48641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380640632, 13.690%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 28482 | 27782 | 27593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380657234, 18.800%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 49957 | 48748 | 48557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380658052, 10.370%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 26268 | 25634 | 25580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380672955, 15.140%, 2/03/2030 †§x | Upgrade | 2/06/2026 | 37000 | 36121 | 35880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380680558, 14.830%, 2/03/2029 †§x | Upgrade | 2/06/2026 | 25661 | 25055 | 24922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380686658, 15.630%, 2/03/2031 †§x | Upgrade | 2/06/2026 | 27000 | 26357 | 26184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380703280, 10.250%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 34207 | 33370 | 33309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380707232, 18.800%, 2/10/2031 †§x | Upgrade | 2/09/2026 | 23163 | 22604 | 22475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380712756, 17.540%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 39456 | 38504 | 38200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380715980, 6.480%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 47000 | 45849 | 45815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380726359, 10.370%, 2/04/2029 †§x | Upgrade | 2/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380736426, 15.580%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 28312 | 27636 | 27477 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**183** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 380738906, 16.120%, 2/04/2030 †§x | Upgrade | 2/09/2026 | $22485 | $21950 | $21831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380748593, 15.610%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 30000 | 29284 | 29052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380750032, 25.990%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24417 | 24016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380750175, 29.750%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 21632 | 21132 | 20871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380752043, 17.540%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 33615 | 32814 | 32549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380754406, 14.830%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 23808 | 23244 | 23133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380754974, 15.580%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 39936 | 38967 | 38825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380756296, 15.630%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 22005 | 21479 | 21388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380764578, 28.510%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 22505 | 21983 | 21736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380769674, 15.610%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 38205 | 37290 | 37002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380770262, 15.580%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 24955 | 24353 | 24235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380773197, 14.160%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 50000 | 48782 | 48617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380773768, 15.610%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 24000 | 23427 | 23241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380774717, 12.640%, 2/16/2031 †§x | Upgrade | 2/09/2026 | 24271 | 23675 | 23596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380777301, 27.630%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 24000 | 23444 | 23166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380777510, 15.580%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 31332 | 30584 | 30408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380783619, 14.590%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 30000 | 29288 | 29147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380784722, 9.030%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 37500 | 36581 | 36524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380787494, 30.380%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24423 | 24117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380787556, 16.850%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 39070 | 38136 | 37923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380790165, 24.020%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24414 | 24153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380795281, 17.540%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 24000 | 23428 | 23236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380796575, 15.580%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 39980 | 39025 | 38800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380802364, 13.600%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 33944 | 33130 | 32958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380805154, 14.170%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 42104 | 41099 | 40938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380805311, 15.610%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 30400 | 29674 | 29439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380809260, 14.590%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 33000 | 32207 | 32081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380814680, 18.800%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 27009 | 26369 | 26207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380815868, 17.540%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 25000 | 24393 | 24270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380820810, 29.750%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24422 | 24119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380821291, 17.540%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 35000 | 34168 | 33886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380827954, 27.090%, 2/13/2029 †§x | Upgrade | 2/17/2026 | 25000 | 24404 | 24231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380833289, 17.340%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 32500 | 31729 | 31532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380833346, 18.800%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 30000 | 29287 | 29106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380841389, 18.080%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 40000 | 39034 | 38875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380848387, 14.830%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 25000 | 24405 | 24289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380866797, 25.990%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 22000 | 21487 | 21134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380876570, 12.700%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 44330 | 43254 | 43122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380890103, 17.130%, 2/04/2030 †§x | Upgrade | 2/09/2026 | 21500 | 20990 | 20809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380898500, 17.540%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 38500 | 37581 | 37275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380950210, 12.640%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 33078 | 32271 | 32191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380962878, 30.380%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 21500 | 21004 | 20741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380963847, 14.590%, 2/18/2029 †§x | Upgrade | 2/09/2026 | 34207 | 33380 | 33240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380970853, 15.580%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 49928 | 48735 | 48455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380980306, 10.860%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 49460 | 48277 | 48139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380985154, 27.510%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 24662 | 24093 | 23793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 380991463, 13.310%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 36703 | 35828 | 35666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381004432, 15.580%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 39988 | 39016 | 38876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381009412, 28.760%, 2/04/2029 †§x | Upgrade | 2/09/2026 | 24921 | 24348 | 24052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381014506, 18.070%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 20704 | 20189 | 20095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381022645, 15.580%, 2/04/2031 †§x | Upgrade | 2/09/2026 | 49393 | 48213 | 47936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381022734, 15.630%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 40000 | 39034 | 38850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381030116, 16.850%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24403 | 24268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381032905, 13.310%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 21845 | 21320 | 21238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381046480, 18.800%, 2/05/2031 †§x | Upgrade | 2/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381048969, 14.590%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 27895 | 27231 | 27105 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**184** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 381073839, 14.830%, 2/05/2029 †§x | Upgrade | 2/09/2026 | $26313 | $25688 | $25567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381075546, 25.990%, 2/17/2031 †§x | Upgrade | 2/20/2026 | 25000 | 24393 | 24214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381076544, 25.630%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24415 | 24127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381082985, 29.790%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24420 | 24009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381087620, 15.610%, 1/26/2031 †§x | Upgrade | 2/09/2026 | 27576 | 26888 | 26691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381089178, 15.580%, 2/02/2031 †§x | Upgrade | 2/09/2026 | 24724 | 24132 | 23995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381090470, 30.740%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24421 | 24082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381090813, 15.610%, 1/21/2031 †§x | Upgrade | 2/09/2026 | 26976 | 26308 | 26108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381092476, 28.530%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 23855 | 23305 | 22997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381092972, 28.280%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 22000 | 21492 | 21245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381115195, 15.580%, 1/21/2031 †§x | Upgrade | 2/09/2026 | 49071 | 47855 | 47591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381118057, 18.800%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 27000 | 26346 | 26241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381118458, 15.580%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 28383 | 27704 | 27546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381118740, 17.540%, 2/05/2031 †§x# | Upgrade | 2/09/2026 | 21237 | 20731 | 20563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381120861, 24.690%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 24000 | 23442 | 23141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381124756, 24.020%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24413 | 24153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381129232, 29.790%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24420 | 24009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381144149, 18.800%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 20719 | 20208 | 20131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381155825, 15.580%, 1/27/2031 †§x | Upgrade | 2/09/2026 | 31186 | 30406 | 30272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381159495, 29.180%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24411 | 24184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381173191, 16.540%, 2/05/2029 †§x | Upgrade | 2/09/2026 | 40000 | 39053 | 38804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381175722, 26.270%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24408 | 24134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381182244, 15.580%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 49902 | 48708 | 48430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381220592, 29.750%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 23600 | 23053 | 22768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381257082, 30.020%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 23000 | 22467 | 22157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381263796, 13.600%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25047 | 24441 | 24333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381285663, 29.790%, 2/05/2031 †§x | Upgrade | 2/09/2026 | 21976 | 21466 | 21106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381292190, 8.750%, 1/25/2031 †§x | Upgrade | 2/12/2026 | 44244 | 43144 | 43233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381318371, 25.630%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 24480 | 23893 | 23706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381356579, 14.830%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 38706 | 37770 | 37654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381366239, 15.580%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 27931 | 27261 | 27107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381378524, 7.750%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 36000 | 35116 | 35003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381392043, 25.510%, 2/18/2029 †x◇ | Upgrade | 2/23/2026 | 25000 | 24390 | 24291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381393405, 12.290%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 24735 | 24143 | 24053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381393662, 17.540%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 23100 | 22545 | 22388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381403867, 15.580%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 34448 | 33623 | 33433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381407095, 15.580%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 27218 | 26566 | 26415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381415195, 18.070%, 1/25/2031 †§x | Upgrade | 2/09/2026 | 30426 | 29671 | 29495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381421170, 16.850%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 45000 | 43925 | 43679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381423098, 13.750%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 29216 | 28506 | 28386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381424438, 15.580%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 25171 | 24568 | 24429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381435207, 18.800%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 32048 | 31285 | 31097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381437450, 14.590%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 40000 | 39048 | 38863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381437513, 10.750%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 26000 | 25368 | 25297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381438621, 12.510%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 26550 | 25908 | 25726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381441779, 12.540%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 28871 | 28175 | 28074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381442536, 30.020%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 25000 | 24419 | 24095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381443656, 15.580%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 39974 | 39016 | 38795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381444011, 23.510%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 24465 | 23893 | 23623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381445625, 15.750%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 40000 | 39029 | 38816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381446388, 13.310%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 49906 | 48716 | 48497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381466091, 6.240%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 21391 | 20872 | 20835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381470949, 12.640%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 39477 | 38526 | 38329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381475972, 29.270%, 2/13/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24403 | 24213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381478381, 14.360%, 2/09/2029 †§x | Upgrade | 2/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381481418, 15.250%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 40000 | 39042 | 38830 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**185** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 381484587, 18.070%, 2/06/2031 †§x | Upgrade | 2/09/2026 | $30000 | $29285 | $29108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381487311, 14.360%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 27000 | 26357 | 26206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381491213, 13.600%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 21951 | 21423 | 21313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381491374, 18.800%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 38425 | 37511 | 37281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381496592, 28.530%, 2/06/2029 †§x | Upgrade | 2/09/2026 | 21856 | 21350 | 21070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381499865, 10.500%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 40000 | 39027 | 38875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381505930, 18.800%, 2/06/2031 †§x | Upgrade | 2/09/2026 | 21000 | 20500 | 20374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381506073, 29.540%, 2/06/2030 †§x | Upgrade | 2/09/2026 | 24173 | 23612 | 23306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381515022, 10.750%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 21046 | 20534 | 20428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381521210, 7.250%, 2/16/2029 †§x | Upgrade | 2/12/2026 | 35000 | 34146 | 34085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381524000, 14.260%, 2/02/2030 †§x | Upgrade | 2/12/2026 | 35000 | 34157 | 33893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381531096, 28.840%, 2/06/2030 †§x | Upgrade | 2/09/2026 | 25000 | 24419 | 24010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381531824, 15.150%, 2/06/2030 †§x | Upgrade | 2/09/2026 | 21500 | 20986 | 20822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381540718, 14.000%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 30000 | 29280 | 29112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381543492, 13.750%, 2/24/2031 †§x | Upgrade | 2/12/2026 | 44281 | 43197 | 42923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381545456, 12.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 30000 | 29273 | 29104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381550151, 11.500%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 35000 | 34144 | 34022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381556880, 13.250%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 50000 | 48790 | 48505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381564854, 7.740%, 2/21/2029 †§x | Upgrade | 2/12/2026 | 40000 | 39015 | 38900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381566111, 8.490%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 49946 | 48737 | 48608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381566523, 7.240%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 30116 | 29375 | 29344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381571293, 16.850%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 33800 | 32981 | 32859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381579449, 15.500%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 25685 | 25068 | 24885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381581770, 6.240%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 25000 | 24392 | 24348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381588255, 10.500%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 39750 | 38791 | 38582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381590511, 7.990%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 50000 | 48788 | 48657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381593176, 25.520%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 22000 | 21479 | 21240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381594150, 17.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24400 | 24211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381594557, 12.640%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 46366 | 45235 | 45122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381599224, 16.850%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 40000 | 39029 | 38887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381609372, 15.580%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 30838 | 30094 | 29948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381615678, 11.250%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 39000 | 38060 | 37808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381620740, 10.370%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 49918 | 48713 | 48610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381622878, 18.800%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 21825 | 21302 | 21191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381625921, 9.250%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 43500 | 42443 | 42212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381634111, 16.850%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 50000 | 48795 | 48570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381644382, 14.760%, 2/13/2030 †x◇ | Upgrade | 2/17/2026 | 35000 | 34149 | 34000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381648180, 13.250%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24391 | 24287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381648535, 17.540%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 39000 | 38063 | 37797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381674453, 25.400%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 25000 | 24393 | 24271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381676812, 7.250%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 43095 | 42041 | 41944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381685096, 13.250%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 32400 | 31616 | 31432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381685195, 15.580%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 21175 | 20665 | 20564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381701804, 8.250%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 44000 | 42925 | 42760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381705644, 28.760%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 24950 | 24366 | 24134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381706432, 7.990%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 49983 | 48771 | 48678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381716760, 8.990%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 27500 | 26835 | 26740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381758978, 11.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 24468 | 23874 | 23758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381769165, 15.580%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 39960 | 38997 | 38807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381771960, 17.130%, 2/17/2030 †x◇ | Upgrade | 2/20/2026 | 22578 | 22027 | 21941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381779787, 7.240%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 34053 | 33227 | 33166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381780505, 12.150%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 25261 | 24646 | 24566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381787171, 14.360%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 23329 | 22762 | 22658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381788325, 22.270%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24404 | 24205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381791681, 11.180%, 2/09/2030 †§x | Upgrade | 2/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381807902, 15.580%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 39933 | 38970 | 38780 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**186** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 381812121, 25.050%, 2/09/2030 †§x | Upgrade | 2/12/2026 | $25000 | $24409 | $24148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381815118, 19.760%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24402 | 24207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381818182, 30.020%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 22436 | 21909 | 21662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381818445, 15.750%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 36631 | 35755 | 35504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381823595, 7.750%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 24000 | 23411 | 23335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381824438, 25.970%, 2/01/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24400 | 24218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381831953, 18.800%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 26000 | 25377 | 25242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381835050, 15.150%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 40000 | 39038 | 38777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381835122, 15.150%, 2/12/2030 †x◇ | Upgrade | 2/17/2026 | 40000 | 39029 | 38840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381836476, 18.070%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 22800 | 22253 | 22136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381836653, 12.750%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 33214 | 32415 | 32237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381839085, 10.500%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 27500 | 26833 | 26703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381839657, 17.540%, 2/13/2031 †§x | Upgrade | 2/12/2026 | 27500 | 26832 | 26653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381845752, 14.830%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 21545 | 21029 | 20944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381846829, 10.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 22865 | 22309 | 22214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381854757, 12.000%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 31549 | 30784 | 30612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381872454, 7.240%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 49991 | 48778 | 48655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381878790, 12.140%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 40000 | 39028 | 38947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381884949, 26.280%, 2/24/2029 †§x | Upgrade | 2/12/2026 | 24990 | 24389 | 24176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381891072, 7.250%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 50000 | 48778 | 48705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381891248, 10.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 34069 | 33241 | 33100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381894209, 8.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 50000 | 48781 | 48580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381900843, 14.360%, 2/01/2029 †§x# | Upgrade | 2/12/2026 | 22388 | 21835 | 21775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381902160, 18.070%, 2/10/2031 †§x | Upgrade | 2/12/2026 | 27366 | 26708 | 26572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381916266, 27.770%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24410 | 24177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381927585, 6.740%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 49500 | 48298 | 48139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381930419, 13.310%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 31697 | 30936 | 30816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381940793, 7.740%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 30000 | 29271 | 29178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381973811, 25.510%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 24993 | 24405 | 24182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381994578, 7.740%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 40742 | 39754 | 39623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382018929, 27.510%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 24948 | 24363 | 24104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382032439, 13.500%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 50000 | 48790 | 48539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382056823, 7.740%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 35000 | 34144 | 34061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382058600, 16.250%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 35000 | 34157 | 33898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382062047, 18.800%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 30344 | 29617 | 29462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382067586, 15.630%, 2/17/2031 †x | Upgrade | 2/20/2026 | 37000 | 36093 | 35990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382069988, 18.800%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 35000 | 34161 | 33979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382071490, 17.340%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 32500 | 31721 | 31553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382076686, 8.250%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 42120 | 41092 | 40925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382081671, 30.020%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 21520 | 21014 | 20775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382083743, 14.000%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 32308 | 31533 | 31369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382089583, 7.240%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 49933 | 48721 | 48631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382108984, 18.800%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 25000 | 24395 | 24297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382111939, 10.750%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 32627 | 31840 | 31749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382113527, 27.750%, 1/28/2031 †§x | Upgrade | 2/12/2026 | 21349 | 20844 | 20630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382115903, 15.610%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 36000 | 35132 | 34897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382122953, 14.360%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 27366 | 26709 | 26580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382124759, 7.240%, 2/09/2029 †§x# | Upgrade | 2/12/2026 | 27000 | 26345 | 26294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382126905, 8.330%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 31410 | 30649 | 30591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382128810, 9.500%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 21531 | 21011 | 20938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382130663, 16.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 40000 | 39038 | 38795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382136122, 15.140%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 32628 | 31841 | 31687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382136364, 15.580%, 2/15/2031 †§x | Upgrade | 2/12/2026 | 25981 | 25348 | 25232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382137835, 15.150%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 27000 | 26350 | 26174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382139925, 25.630%, 2/09/2031 †§x | Upgrade | 2/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382140879, 12.210%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 21577 | 21055 | 20967 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**187** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 382144077, 7.250%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | $25000 | $24389 | $24352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382144773, 10.000%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 30064 | 29338 | 29198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382150284, 14.410%, 2/10/2030 †§x | Upgrade | 2/13/2026 | 38000 | 37083 | 36908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382166362, 13.600%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25337 | 24724 | 24616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382182682, 22.010%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 25000 | 24408 | 24202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382182857, 12.380%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 40000 | 39029 | 38915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382187122, 7.250%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 50000 | 48776 | 48571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382196656, 13.750%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 35000 | 34154 | 33923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382241965, 10.490%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 39928 | 38965 | 38776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382263253, 18.560%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 29997 | 29277 | 29126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382264876, 18.070%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 39000 | 38064 | 37865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382265136, 6.740%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 22000 | 21466 | 21395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382265448, 15.320%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 48000 | 46848 | 46662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382268897, 11.250%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 26302 | 25662 | 25558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382269053, 15.140%, 2/15/2031 †§x | Upgrade | 2/12/2026 | 34000 | 33171 | 33017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382269923, 9.240%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 20670 | 20169 | 20117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382271879, 17.540%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 36000 | 35135 | 34890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382278223, 17.540%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 27500 | 26839 | 26652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382281693, 8.250%, 2/09/2030 †§x | Upgrade | 2/12/2026 | 30000 | 29270 | 29114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382282980, 7.240%, 2/09/2029 †§x | Upgrade | 2/12/2026 | 50000 | 48787 | 48660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382285534, 29.790%, 2/09/2031 †§x | Upgrade | 2/12/2026 | 25000 | 24412 | 24063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382285751, 17.750%, 2/13/2029 †x | Upgrade | 2/17/2026 | 43089 | 42049 | 41830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382286486, 7.240%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 31000 | 30242 | 30184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382292510, 16.850%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 26000 | 25364 | 25292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382296104, 12.870%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 30500 | 29765 | 29669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382296109, 9.320%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 24000 | 23419 | 23372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382296167, 9.500%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 20734 | 20232 | 20142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382296418, 28.280%, 2/13/2029 †§x | Upgrade | 2/17/2026 | 24983 | 24388 | 24215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382298221, 15.580%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 39970 | 39004 | 38825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382302536, 15.630%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 39000 | 38058 | 37879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382309416, 9.240%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 36000 | 35123 | 35048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382310424, 21.010%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 20967 | 20460 | 20341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382311129, 7.740%, 2/02/2029 †§x | Upgrade | 2/17/2026 | 25000 | 24395 | 24328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382313832, 17.540%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 40000 | 39031 | 38831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382314028, 14.830%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 26815 | 26160 | 26098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382314710, 11.750%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 29875 | 29145 | 29043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382314740, 7.240%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 33895 | 33066 | 33020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382317319, 12.380%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 37500 | 36596 | 36461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382320821, 14.250%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 40000 | 39038 | 38783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382321439, 28.520%, 2/10/2030 †§x | Upgrade | 2/13/2026 | 25000 | 24410 | 24205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382322322, 25.970%, 2/23/2031 †§x | Upgrade | 2/13/2026 | 25000 | 24394 | 24178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382324183, 8.000%, 2/16/2029 †§x | Upgrade | 2/17/2026 | 40000 | 39013 | 38926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382327075, 17.540%, 2/12/2031 †§x | Upgrade | 2/13/2026 | 22000 | 21463 | 21329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382327613, 15.630%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 50000 | 48792 | 48574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382327624, 29.790%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 24296 | 23706 | 23401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382335316, 8.990%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 31500 | 30736 | 30634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382335612, 28.010%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 20700 | 20213 | 20017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382337198, 11.770%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 29000 | 28300 | 28236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382339325, 28.530%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 25000 | 24413 | 24152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382342644, 15.630%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 45000 | 43907 | 43751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382343436, 9.000%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 31596 | 30821 | 30731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382344799, 10.500%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 31500 | 30733 | 30573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382345631, 13.310%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 38110 | 37192 | 37056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382346379, 18.240%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 31582 | 30828 | 30616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382349020, 15.580%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382349234, 6.580%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 41446 | 40438 | 40392 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**188** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 382350981, 9.940%, 2/11/2029 †§x | Upgrade | 2/17/2026 | $37500 | $36587 | $36502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382351122, 12.870%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48786 | 48660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382352551, 14.750%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 27691 | 27016 | 26902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382356090, 9.210%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 35545 | 34684 | 34649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382361197, 10.750%, 2/25/2031 †§x | Upgrade | 2/13/2026 | 40000 | 39012 | 38826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382366294, 29.750%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 24270 | 23697 | 23461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382367935, 30.020%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 25000 | 24410 | 24140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382369628, 14.830%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 35000 | 34159 | 34025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382371932, 18.800%, 2/15/2031 †§x | Upgrade | 2/13/2026 | 37000 | 36100 | 35930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382372923, 13.750%, 2/26/2031 †§x | Upgrade | 2/17/2026 | 38250 | 37308 | 37140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382373021, 18.080%, 2/01/2030 †§x | Upgrade | 2/13/2026 | 46997 | 45888 | 45638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382373565, 13.190%, 2/20/2031 †§x | Upgrade | 2/13/2026 | 40000 | 39015 | 38867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382380585, 9.980%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 49951 | 48742 | 48661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382381422, 15.610%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 40000 | 39034 | 38787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382386646, 12.450%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 50000 | 48781 | 48688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382393304, 9.320%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48781 | 48701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382395885, 6.580%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 50000 | 48783 | 48723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382396062, 30.380%, 2/19/2031 †§x | Upgrade | 2/13/2026 | 22525 | 21982 | 21778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382397112, 7.990%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 21000 | 20490 | 20438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382398355, 6.580%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 33547 | 32720 | 32691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382410315, 10.000%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 25917 | 25290 | 25206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382417625, 28.560%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 25000 | 24413 | 24186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382426616, 27.750%, 2/20/2031 †§x | Upgrade | 2/13/2026 | 24010 | 23429 | 23218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382435149, 21.010%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 32698 | 31909 | 31705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382442638, 30.740%, 2/17/2031 †§x | Upgrade | 2/20/2026 | 21000 | 20493 | 20357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382452093, 9.940%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 35786 | 34904 | 34821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382456551, 15.610%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 32605 | 31818 | 31620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382460429, 16.850%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24394 | 24304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382463741, 14.590%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 36000 | 35135 | 34998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382474900, 17.250%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 49990 | 48777 | 48484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382475154, 24.440%, 2/02/2029 †§x | Upgrade | 2/13/2026 | 25000 | 24409 | 24190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382492480, 15.580%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 21085 | 20573 | 20498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382495856, 9.000%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 30542 | 29797 | 29683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382498135, 12.380%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 48571 | 47374 | 47284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382501660, 12.150%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 38895 | 37935 | 37791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382503746, 15.610%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 40000 | 39029 | 38838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382504042, 29.750%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 22220 | 21695 | 21482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382506339, 10.380%, 2/10/2029 †§x | Upgrade | 2/13/2026 | 20633 | 20134 | 20090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382507128, 8.250%, 2/13/2030 †x◇ | Upgrade | 2/17/2026 | 50000 | 48775 | 48591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382508656, 17.540%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 45000 | 43899 | 43730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382519585, 9.500%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 50000 | 48782 | 48652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382520935, 17.540%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 21737 | 21213 | 21076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382522016, 15.580%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 26948 | 26278 | 26213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382523861, 8.250%, 2/10/2031 †§x | Upgrade | 2/13/2026 | 47413 | 46255 | 46060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382536520, 7.990%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 22000 | 21463 | 21420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382538652, 16.250%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 31596 | 30833 | 30699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382539487, 16.250%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 45000 | 43906 | 43683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382540729, 12.540%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 33584 | 32765 | 32687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382543658, 29.790%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 20877 | 20372 | 20218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382548303, 15.580%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 39917 | 38948 | 38807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382548389, 16.250%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 30000 | 29271 | 29122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382550656, 18.000%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 30000 | 29274 | 29092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382551077, 14.590%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 28500 | 27811 | 27723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382551293, 15.140%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 24000 | 23417 | 23330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382556820, 13.690%, 2/11/2031 †§x | Upgrade | 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382557813, 14.170%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 24696 | 24096 | 24042 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**189** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 382565371, 14.360%, 2/11/2029 †§x | Upgrade | 2/17/2026 | $35000 | $34153 | $34027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382568168, 7.740%, 2/15/2029 †§x | Upgrade | 2/17/2026 | 37686 | 36764 | 36678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382568951, 24.440%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 25000 | 24404 | 24235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382571048, 9.210%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 37500 | 36586 | 36549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382571963, 15.140%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 40000 | 39028 | 38884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382574169, 15.630%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 30000 | 29271 | 29162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382576532, 8.750%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 20982 | 20469 | 20409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382588790, 25.010%, 2/26/2029 †§x | Upgrade | 2/17/2026 | 24951 | 24345 | 24202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382592174, 15.630%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24393 | 24302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382593882, 10.500%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 30000 | 29270 | 29156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382595069, 15.610%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 21737 | 21209 | 21107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382595480, 11.500%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 22039 | 21494 | 21432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382595633, 10.000%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 50000 | 48776 | 48585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382598007, 25.520%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 24000 | 23426 | 23235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382598816, 13.690%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 33149 | 32342 | 32185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382600240, 15.250%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 20700 | 20200 | 20118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382601383, 18.800%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 48909 | 47727 | 47539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382601851, 18.000%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 22761 | 22193 | 22077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382602619, 25.970%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24402 | 24221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382604068, 7.250%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 24995 | 24380 | 24306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382606878, 14.590%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 32628 | 31839 | 31742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382607687, 15.630%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 45000 | 43907 | 43743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382608728, 12.750%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 37361 | 36454 | 36351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382611050, 15.580%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 23781 | 23203 | 23119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382616436, 15.580%, 2/15/2031 †§x | Upgrade | 2/17/2026 | 22890 | 22332 | 22253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382617047, 11.230%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 40000 | 39025 | 38945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382618267, 18.800%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 31730 | 30963 | 30838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382619210, 13.190%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 40000 | 39025 | 38895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382619806, 15.140%, 2/10/2030 †§x | Upgrade | 2/17/2026 | 29839 | 29097 | 29036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382624590, 22.290%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 22500 | 21962 | 21814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382626465, 9.940%, 2/01/2029 †§x | Upgrade | 2/17/2026 | 40000 | 39038 | 38934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382628872, 11.250%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 49985 | 48770 | 48596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382631266, 29.520%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 22074 | 21549 | 21365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382641476, 22.010%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 20630 | 20130 | 20035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382644513, 13.600%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 38479 | 37535 | 37442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382644948, 25.970%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 22190 | 21659 | 21498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382646671, 18.800%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 39607 | 38649 | 38497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382647438, 6.580%, 2/20/2029 †x◇ | Upgrade | 2/17/2026 | 45000 | 43894 | 43853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382648011, 10.500%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 26225 | 25587 | 25498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382649618, 6.580%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 48000 | 46825 | 46777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382652509, 9.940%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 34000 | 33172 | 33095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382657518, 6.740%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 50000 | 48777 | 48706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382658636, 10.500%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 30509 | 29753 | 29685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382662928, 29.790%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24405 | 24153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382665520, 12.380%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 25000 | 24392 | 24322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382665743, 9.940%, 2/25/2029 †x◇ | Upgrade | 2/20/2026 | 27500 | 26822 | 26777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382677980, 29.750%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 25000 | 24396 | 24251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382683948, 12.870%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 40000 | 39029 | 38928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382684271, 6.480%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 46867 | 45721 | 45690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382686573, 10.500%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 25000 | 24391 | 24304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382688538, 17.500%, 2/01/2029 †x◇ | Upgrade | 2/17/2026 | 41539 | 40522 | 40323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382692689, 16.850%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 45000 | 43908 | 43748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382697436, 6.580%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 43519 | 42455 | 42414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382699754, 15.140%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 40000 | 39030 | 38882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382700850, 5.750%, 2/11/2029 †§x | Upgrade | 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382707345, 29.260%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 21990 | 21468 | 21322 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**190** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 382708290, 15.140%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | $21000 | $20489 | $20414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382713887, 15.630%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 50000 | 48786 | 48612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382717278, 10.250%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 49987 | 48771 | 48602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382720887, 8.250%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 39000 | 38045 | 37932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382747927, 25.990%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24401 | 24160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382748796, 12.250%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 26363 | 25723 | 25629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382756212, 15.140%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 24000 | 23417 | 23330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382773514, 14.410%, 2/11/2030 †§x | Upgrade | 2/17/2026 | 50000 | 48786 | 48605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382774169, 12.750%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 45000 | 43909 | 43729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382781854, 15.750%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 35000 | 34155 | 34005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382787201, 14.830%, 2/11/2029 †§x | Upgrade | 2/17/2026 | 45000 | 43912 | 43773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382805150, 15.610%, 2/11/2031 †§x | Upgrade | 2/17/2026 | 23000 | 22442 | 22332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382807790, 14.830%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 40500 | 39520 | 39396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382819128, 11.720%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 30000 | 29266 | 29197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382827175, 30.380%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24405 | 24213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382835114, 14.360%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 36000 | 35128 | 35000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382835300, 16.250%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 50000 | 48786 | 48565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382837564, 14.250%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 39000 | 38049 | 37904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382846235, 10.500%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 50000 | 48776 | 48606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382846817, 14.830%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 21050 | 20541 | 20479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382846994, 13.190%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 40000 | 39025 | 38896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382847315, 25.970%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 22000 | 21473 | 21314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382852897, 15.580%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 24176 | 23588 | 23503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382853422, 12.500%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 26363 | 25723 | 25650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382854689, 6.570%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 45500 | 44387 | 44353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382855625, 14.250%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 48000 | 46831 | 46651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382859286, 11.650%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 30087 | 29349 | 29292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382859300, 28.510%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24403 | 24229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382863664, 12.640%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 39326 | 38366 | 38244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382864811, 13.190%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 40000 | 39025 | 38896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382868331, 15.380%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 50000 | 48783 | 48611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382871230, 6.580%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48777 | 48726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382874866, 14.360%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 25000 | 24395 | 24328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382876822, 25.970%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24401 | 24221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382878854, 9.250%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 35000 | 34142 | 34039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382880646, 15.630%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 21000 | 20490 | 20417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382887008, 16.250%, 2/02/2029 †x◇ | Upgrade | 2/17/2026 | 31140 | 30401 | 30261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382891458, 14.000%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 38500 | 37567 | 37420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382892833, 12.750%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 25000 | 24393 | 24294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382892872, 5.750%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48775 | 48709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382897080, 12.640%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 20743 | 20236 | 20186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382897677, 13.060%, 2/12/2030 †x◇ | Upgrade | 2/17/2026 | 36427 | 35540 | 35428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382898332, 16.850%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 31576 | 30809 | 30700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382900328, 15.140%, 2/12/2030 †x◇ | Upgrade | 2/17/2026 | 50000 | 48786 | 48603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382906570, 12.700%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 40000 | 39024 | 38928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382907176, 16.250%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 36000 | 35126 | 34946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382912328, 13.190%, 1/28/2031 †x◇ | Upgrade | 2/17/2026 | 29488 | 28767 | 28673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382915108, 25.990%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24401 | 24160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382917718, 14.360%, 2/12/2029 †x | Upgrade | 2/17/2026 | 21050 | 20541 | 20467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382923917, 8.500%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48779 | 48679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382923943, 27.520%, 2/12/2031 †§x | Upgrade | 2/17/2026 | 21976 | 21450 | 21279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382942878, 12.700%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 35000 | 34146 | 34062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382953813, 13.190%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 25500 | 24878 | 24796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382956288, 15.580%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 20983 | 20473 | 20399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382956649, 7.000%, 2/02/2030 †x◇ | Upgrade | 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382957096, 17.250%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 40000 | 39029 | 38827 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**191** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 382982449, 16.120%, 2/12/2030 †x◇ | Upgrade | 2/17/2026 | $30718 | $29973 | $29869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382984103, 17.340%, 2/12/2030 †x◇ | Upgrade | 2/17/2026 | 37364 | 36460 | 36319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 382993075, 11.650%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 43000 | 41955 | 41836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383007388, 6.480%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 47000 | 45850 | 45815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383019117, 6.740%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48776 | 48706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383049068, 10.370%, 2/20/2029 †x◇ | Upgrade | 2/17/2026 | 49971 | 48746 | 48675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383050985, 18.800%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 39970 | 39002 | 38850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383054824, 8.330%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 40000 | 39024 | 38963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383055609, 18.080%, 2/12/2030 †x | Upgrade | 2/17/2026 | 40000 | 39033 | 38875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383062056, 18.800%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 26313 | 25676 | 25576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383071066, 17.540%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 35450 | 34590 | 34415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383071750, 12.380%, 2/12/2029 †x | Upgrade | 2/17/2026 | 25000 | 24393 | 24322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383075186, 15.580%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 39975 | 39003 | 38863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383090908, 14.360%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 45000 | 43910 | 43749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383091630, 11.180%, 2/13/2030 †x◇ | Upgrade | 2/17/2026 | 49935 | 48715 | 48622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383094983, 15.610%, 2/12/2031 †x | Upgrade | 2/17/2026 | 40000 | 39028 | 38838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383095732, 11.230%, 2/12/2030 †x◇ | Upgrade | 2/17/2026 | 32610 | 31814 | 31750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383095997, 14.160%, 2/12/2031 †x◇ | Upgrade | 2/17/2026 | 35000 | 34148 | 34032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383096251, 7.490%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 24124 | 23534 | 23490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383096769, 18.070%, 2/12/2031 †x | Upgrade | 2/17/2026 | 40522 | 39540 | 39389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383105844, 14.590%, 1/28/2029 †x◇ | Upgrade | 2/17/2026 | 30689 | 29936 | 29855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383110944, 30.380%, 2/17/2031 †§x | Upgrade | 2/20/2026 | 25000 | 24396 | 24250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383111951, 11.410%, 2/12/2030 †x◇ | Upgrade | 2/17/2026 | 49000 | 47805 | 47737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383119538, 12.870%, 2/13/2029 †x | Upgrade | 2/17/2026 | 25300 | 24686 | 24622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383120670, 9.940%, 2/12/2029 †x◇ | Upgrade | 2/17/2026 | 35786 | 34914 | 34836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383132345, 13.500%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 50000 | 48780 | 48574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383146095, 15.380%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 45000 | 43905 | 43750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383146623, 12.750%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 38865 | 37921 | 37782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383148408, 26.760%, 2/13/2031 †§x | Upgrade | 2/17/2026 | 21997 | 21470 | 21333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383148862, 7.240%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 49948 | 48727 | 48659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383155892, 25.510%, 2/17/2030 †§x | Upgrade | 2/17/2026 | 23000 | 22442 | 22309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383161048, 28.440%, 2/02/2029 †§x | Upgrade | 2/17/2026 | 24000 | 23446 | 23251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383165889, 18.800%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 22409 | 21866 | 21781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383168416, 18.800%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 25000 | 24394 | 24297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383168558, 18.070%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 40000 | 39022 | 38903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383171375, 18.070%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 50000 | 48787 | 48597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383172858, 15.060%, 2/13/2030 †x◇ | Upgrade | 2/17/2026 | 39896 | 38927 | 38786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383182160, 18.070%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 23682 | 23107 | 23019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383189664, 11.250%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 42000 | 40972 | 40827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383201985, 15.060%, 2/13/2030 †x◇ | Upgrade | 2/17/2026 | 39907 | 38938 | 38796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383202975, 15.140%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 24000 | 23416 | 23331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383204053, 13.600%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 27428 | 26758 | 26672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383205841, 11.650%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 36838 | 35942 | 35844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383212316, 12.260%, 2/13/2030 †x◇ | Upgrade | 2/17/2026 | 46899 | 45756 | 45571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383215368, 8.330%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 40000 | 39023 | 38963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383219010, 15.580%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 27341 | 26676 | 26581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383224145, 27.510%, 2/13/2029 †§x | Upgrade | 2/17/2026 | 24898 | 24305 | 24138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383224758, 12.150%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39021 | 38920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383228167, 15.630%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 40000 | 39027 | 38883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383232033, 16.090%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 39096 | 38141 | 37984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383235971, 16.540%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 25000 | 24396 | 24297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383236074, 9.210%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48780 | 48732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383237171, 25.630%, 2/13/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24400 | 24222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383241801, 17.500%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 39787 | 38821 | 38610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383243105, 18.800%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36866 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383245139, 12.380%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 40500 | 39516 | 39402 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**192** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 383250903, 15.630%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | $40000 | $39027 | $38883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383258508, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 45500 | 44385 | 44258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383263913, 15.580%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 25778 | 25151 | 25061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383264051, 18.070%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 40000 | 39030 | 38877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383264845, 15.140%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 31000 | 30245 | 30165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383270123, 26.270%, 2/13/2031 †§x | Upgrade | 2/17/2026 | 22500 | 21960 | 21787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383273141, 25.630%, 2/13/2031 †§x | Upgrade | 2/17/2026 | 25000 | 24400 | 24222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383274759, 12.750%, 2/02/2029 †x◇ | Upgrade | 2/17/2026 | 21088 | 20583 | 20499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383281814, 6.580%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 50000 | 48776 | 48726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383287039, 15.630%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 33681 | 32861 | 32749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383300353, 9.940%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 27000 | 26342 | 26281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383309171, 14.590%, 2/13/2029 †x | Upgrade | 2/17/2026 | 40000 | 39031 | 38910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383319453, 18.070%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 39000 | 38054 | 37905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383323151, 15.580%, 2/24/2031 †x | Upgrade | 2/17/2026 | 35285 | 34415 | 34305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383332615, 11.770%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 49934 | 48720 | 48634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383332863, 18.080%, 2/13/2030 †x◇ | Upgrade | 2/17/2026 | 42101 | 41082 | 40921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383334470, 7.250%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 40500 | 39509 | 39451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383335439, 16.250%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 21139 | 20628 | 20539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383339780, 15.610%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 38700 | 37758 | 37576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383346954, 24.450%, 2/13/2029 †§x | Upgrade | 2/17/2026 | 25000 | 24402 | 24252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383348398, 13.190%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 27366 | 26698 | 26613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383351994, 9.940%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39019 | 38948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383354114, 6.580%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 50000 | 48770 | 48728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383355148, 14.750%, 2/13/2031 †x◇ | Upgrade | 2/17/2026 | 50000 | 48782 | 48593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383356214, 12.750%, 2/13/2029 †x◇ | Upgrade | 2/17/2026 | 29014 | 28301 | 28206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383372973, 18.080%, 2/17/2030 †x◇ | Upgrade | 2/20/2026 | 36838 | 35939 | 35830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383378382, 12.870%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 50000 | 48777 | 48677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383379668, 5.750%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 30000 | 29261 | 29200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383395378, 16.540%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 30000 | 29268 | 29177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383401304, 18.800%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 21305 | 20784 | 20722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383429263, 14.830%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39023 | 38927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383443348, 26.280%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 21938 | 21408 | 21296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383450673, 27.090%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 23745 | 23172 | 23048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383475150, 14.590%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 38943 | 37992 | 37903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383476966, 25.030%, 2/17/2030 †§x | Upgrade | 2/20/2026 | 24173 | 23587 | 23417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383487109, 29.750%, 2/17/2031 †§x | Upgrade | 2/20/2026 | 25000 | 24396 | 24251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383489273, 14.830%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39023 | 38927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383489827, 18.070%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 29000 | 28291 | 28204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383495977, 24.440%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 25000 | 24395 | 24268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383496554, 17.540%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 25000 | 24389 | 24294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383498729, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 45000 | 43897 | 43772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383503320, 15.610%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 45000 | 43897 | 43737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383521722, 13.600%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 49909 | 48684 | 48564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383522279, 17.130%, 2/17/2030 †x◇ | Upgrade | 2/20/2026 | 45000 | 43901 | 43726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383527129, 29.180%, 2/18/2031 †x◇ | Upgrade | 2/23/2026 | 25000 | 24390 | 24295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383527721, 11.180%, 2/17/2030 †x◇ | Upgrade | 2/20/2026 | 21600 | 21070 | 21038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383534672, 14.830%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40500 | 39511 | 39414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383543073, 25.050%, 2/17/2030 †x◇ | Upgrade | 2/20/2026 | 25000 | 24394 | 24251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383547399, 17.540%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 30000 | 29266 | 29153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383553651, 13.190%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 50000 | 48772 | 48648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383555843, 26.270%, 2/17/2031 †§x | Upgrade | 2/20/2026 | 25000 | 24394 | 24243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383556913, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 40000 | 39020 | 38908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383567822, 12.380%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39021 | 38933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383580884, 30.270%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 24769 | 24170 | 24018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383597465, 12.450%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383608919, 13.190%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 40000 | 39018 | 38919 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**193** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 383645592, 18.070%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | $40000 | $39022 | $38903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383647800, 15.610%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 34000 | 33167 | 33045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383648243, 8.330%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 37400 | 36481 | 36436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383648760, 8.330%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 32457 | 31660 | 31624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383649546, 15.140%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 39000 | 38044 | 37937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383651298, 18.070%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 21600 | 21072 | 21007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383653462, 6.480%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 43000 | 41942 | 41914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383657487, 13.690%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 39100 | 38140 | 38000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383659483, 8.330%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 31410 | 30639 | 30604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383672754, 26.020%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 25000 | 24393 | 24273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383684319, 15.580%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 25433 | 24810 | 24741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383710764, 14.830%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 31576 | 30804 | 30732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383712271, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 37891 | 36962 | 36865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383729934, 15.610%, 2/17/2031 †x#◇ | Upgrade | 2/20/2026 | 22605 | 22051 | 21978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383737171, 11.650%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 24500 | 23900 | 23847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383744848, 14.590%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 27000 | 26340 | 26276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383759031, 18.070%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 36845 | 35944 | 35837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383775118, 12.210%, 2/17/2030 †x◇ | Upgrade | 2/20/2026 | 22950 | 22387 | 22332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383781186, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 46800 | 45653 | 45554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383782001, 26.280%, 2/17/2029 †§x | Upgrade | 2/20/2026 | 24954 | 24351 | 24223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383793446, 28.530%, 2/17/2029 †§x | Upgrade | 2/20/2026 | 25000 | 24397 | 24245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383795932, 26.020%, 2/17/2031 †§x | Upgrade | 2/20/2026 | 24000 | 23418 | 23302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383796225, 13.190%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 34000 | 33165 | 33081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383815690, 26.890%, 2/18/2029 †x◇ | Upgrade | 2/23/2026 | 24999 | 24390 | 24288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383817824, 15.580%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 35153 | 34291 | 34197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383832548, 9.210%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 50000 | 48773 | 48730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383836747, 9.940%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39019 | 38948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383837470, 6.480%, 2/06/2029 †x◇ | Upgrade | 2/20/2026 | 42000 | 40972 | 40940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383845675, 13.190%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 40000 | 39018 | 38919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383859494, 16.540%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 25000 | 24390 | 24314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383865479, 29.790%, 2/17/2031 †§x | Upgrade | 2/20/2026 | 25000 | 24396 | 24208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383871033, 15.580%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 20990 | 20476 | 20419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383873829, 9.320%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 45000 | 43895 | 43837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383875411, 15.610%, 2/17/2031 †x | Upgrade | 2/20/2026 | 31835 | 31055 | 30944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383884910, 17.540%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 38650 | 37705 | 37559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383891456, 28.760%, 2/17/2029 †§x | Upgrade | 2/20/2026 | 25000 | 24397 | 24251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383904690, 11.650%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 26120 | 25480 | 25424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383911698, 28.530%, 2/18/2029 †x◇ | Upgrade | 2/23/2026 | 23652 | 23076 | 22977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383919115, 17.340%, 2/05/2030 †x◇ | Upgrade | 2/20/2026 | 40000 | 39023 | 38902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383933355, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 45000 | 43897 | 43772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383940886, 16.850%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 28418 | 27723 | 27647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383941477, 15.140%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 26313 | 25668 | 25616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383942301, 13.690%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 37061 | 36151 | 36023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383943927, 6.480%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39016 | 38990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383944114, 15.630%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 45000 | 43897 | 43772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383944497, 7.700%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 25155 | 24536 | 24520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383959494, 12.700%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 28960 | 28248 | 28193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383961599, 18.070%, 2/17/2031 †x◇ | Upgrade | 2/20/2026 | 40000 | 39022 | 38903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 383967695, 11.650%, 2/17/2029 †x◇ | Upgrade | 2/20/2026 | 40000 | 39020 | 38935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384007728, 25.970%, 2/18/2031 †x◇ | Upgrade | 2/23/2026 | 23275 | 22706 | 22618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384061109, 25.970%, 2/18/2031 †x◇ | Upgrade | 2/23/2026 | 25000 | 24389 | 24292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384135328, 28.840%, 2/19/2030 †x◇ | Upgrade | 2/23/2026 | 21976 | 21440 | 21330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384137357, 28.280%, 2/18/2029 †x◇ | Upgrade | 2/23/2026 | 24901 | 24295 | 24200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384157824, 24.690%, 2/19/2029 †x◇ | Upgrade | 2/23/2026 | 25000 | 24390 | 24290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384162190, 24.020%, 2/19/2031 †x◇ | Upgrade | 2/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384174217, 28.530%, 2/19/2029 †x◇ | Upgrade | 2/23/2026 | 24957 | 24349 | 24245 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**194** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 384176433, 28.280%, 2/19/2029 †x◇ | Upgrade | 2/23/2026 | $23090 | $22528 | $22438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384185941, 24.720%, 2/19/2029 †x◇ | Upgrade | 2/23/2026 | 24000 | 23414 | 23328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384209661, 29.760%, 2/19/2031 †x◇ | Upgrade | 2/23/2026 | 24744 | 24140 | 24045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384209751, 26.280%, 2/19/2029 †x◇ | Upgrade | 2/23/2026 | 24963 | 24354 | 24264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384215242, 25.520%, 2/19/2031 †x◇ | Upgrade | 2/23/2026 | 25000 | 24388 | 24292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384231777, 28.510%, 2/19/2031 †x◇ | Upgrade | 2/23/2026 | 25000 | 24389 | 24293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384264373, 28.760%, 2/19/2029 †x◇ | Upgrade | 2/23/2026 | 25000 | 24391 | 24287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384301361, 23.010%, 2/19/2031 †x◇ | Upgrade | 2/23/2026 | 25000 | 24387 | 24306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 384313614, 25.990%, 2/19/2031 †x◇ | Upgrade | 2/23/2026 | 25000 | 24388 | 24268 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-14488344, 18.740%, 3/15/2028 †x | Achieve | 6/06/2022 | 20251 | 20410 | 20064 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-14650457, 20.740%, 4/30/2028 †x | Achieve | 6/03/2022 | 23634 | 23996 | 23338 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-14687931, 25.740%, 10/28/2028 †§x | Achieve | 8/09/2023 | 34018 | 34018 | 34463 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-15601727, 12.990%, 11/30/2027 †x# | Achieve | 7/14/2022 | 20920 | 21259 | 20654 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-15820765, 22.490%, 8/24/2027 †§x# | Achieve | 7/15/2022 | 20597 | 20929 | 20967 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-18654811, 20.240%, 10/18/2027 †§x | Achieve | 9/09/2022 | 21055 | 21400 | 20893 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-19001576, 23.740%, 11/29/2027 †§x | Achieve | 9/19/2022 | 23565 | 23958 | 24002 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-19109043, 23.740%, 9/14/2027 †§x | Achieve | 9/19/2022 | 22511 | 22877 | 23078 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-19127243, 21.240%, 3/18/2028 †x# | Achieve | 9/19/2022 | 25171 | 25675 | 25063 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-20903969, 26.490%, 1/03/2028 †§x | Achieve | 10/25/2022 | 20303 | 20303 | 21065 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-21194655, 26.240%, 3/16/2028 †x | Achieve | 10/26/2022 | 27062 | 27062 | 28464 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-21492582, 23.740%, 2/01/2028 †x | Achieve | 11/28/2022 | 27489 | 27489 | 27758 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-21656436, 23.990%, 6/10/2028 †x | Achieve | 11/28/2022 | 35817 | 35817 | 36177 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-22177131, 22.240%, 11/20/2027 †§x | Achieve | 11/28/2022 | 20997 | 20997 | 21046 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-22720665, 20.240%, 11/20/2027 †§x | Achieve | 11/28/2022 | 20969 | 20969 | 20647 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-22872154, 26.990%, 2/03/2028 †§x# | Achieve | 11/28/2022 | 23779 | 23779 | 25065 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-22876764, 15.740%, 1/01/2028 †§x | Achieve | 11/28/2022 | 20988 | 20988 | 21130 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-22902204, 18.740%, 1/29/2028 †§x | Achieve | 12/22/2022 | 24374 | 24374 | 25130 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-22960847, 26.990%, 2/02/2028 †§x | Achieve | 11/28/2022 | 27170 | 27170 | 28608 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-23018888, 26.990%, 2/04/2028 †§x# | Achieve | 11/28/2022 | 21012 | 21012 | 21969 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-23027441, 22.740%, 1/05/2028 †§x | Achieve | 11/28/2022 | 20198 | 20198 | 21425 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-23301085, 20.240%, 4/28/2028 †x# | Achieve | 12/22/2022 | 27161 | 27161 | 26527 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-24013933, 26.990%, 3/02/2028 †§x | Achieve | 12/27/2022 | 28217 | 28217 | 29565 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-24413477, 14.990%, 1/30/2028 †§x | Achieve | 12/22/2022 | 23117 | 23117 | 23161 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-24531849, 17.240%, 12/20/2027 †§x | Achieve | 12/27/2022 | 23076 | 23076 | 23519 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-24557867, 18.240%, 12/21/2027 †§x | Achieve | 12/27/2022 | 23813 | 23813 | 24469 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-24984177, 26.990%, 3/17/2028 †§x | Achieve | 1/09/2023 | 22030 | 22030 | 23102 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-25093252, 25.990%, 2/29/2028 †x# | Achieve | 8/09/2023 | 25501 | 25501 | 23222 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-25100307, 26.490%, 3/15/2028 †x | Achieve | 1/09/2023 | 28112 | 28112 | 29574 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-27167801, 18.740%, 3/28/2028 †§x | Achieve | 2/22/2023 | 22678 | 22678 | 23214 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-27504447, 22.990%, 4/01/2028 †§x | Achieve | 2/22/2023 | 25914 | 25914 | 25672 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-28388494, 22.990%, 4/17/2028 †§x | Achieve | 3/09/2023 | 25020 | 25020 | 24860 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-28427412, 18.490%, 2/22/2028 †§x | Achieve | 3/09/2023 | 20323 | 20323 | 20717 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-29678853, 18.490%, 5/15/2028 †§x# | Achieve | 4/13/2023 | 28674 | 28674 | 29316 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-29901190, 17.740%, 5/13/2028 †§x# | Achieve | 4/05/2023 | 22072 | 22072 | 22456 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-29937054, 26.990%, 7/15/2028 †§x | Achieve | 5/01/2023 | 23592 | 23592 | 24702 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-29948257, 21.990%, 6/15/2028 †§x | Achieve | 4/05/2023 | 29268 | 29268 | 28875 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-30308409, 18.240%, 5/26/2028 †§x | Achieve | 5/01/2023 | 27310 | 27310 | 27932 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-30556320, 22.990%, 5/26/2028 †§x | Achieve | 5/01/2023 | 23023 | 23023 | 24524 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-30672446, 26.990%, 7/25/2028 †x | Achieve | 5/01/2023 | 35212 | 35212 | 36321 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-30755954, 18.490%, 4/21/2028 †§x | Achieve | 5/01/2023 | 27176 | 27176 | 27787 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32002062, 24.490%, 8/31/2028 †§x | Achieve | 6/13/2023 | 22242 | 22242 | 22617 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32032493, 20.240%, 9/24/2028 †x | Achieve | 6/14/2023 | 28753 | 28753 | 30233 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32172186, 26.490%, 9/23/2028 †x# | Achieve | 6/14/2023 | 25495 | 25495 | 26306 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32236604, 14.490%, 8/18/2028 †x# | Achieve | 7/05/2023 | 23227 | 23227 | 22941 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32342965, 20.490%, 8/12/2028 †§x | Achieve | 7/05/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20454 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32464784, 26.490%, 9/12/2028 †§x | Achieve | 7/05/2023 | 21229 | 21229 | 22252 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**195** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32473998, 24.490%, 8/22/2028 †§x | Achieve | 7/05/2023 | $33006 | $33006 | $33382 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-32747345, 23.990%, 9/12/2028 †§x | Achieve | 7/05/2023 | 32326 | 32326 | 32491 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33254522, 25.240%, 9/26/2028 †x | Achieve | 7/24/2023 | 34148 | 34148 | 34710 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33308303, 26.490%, 9/28/2028 †§x | Achieve | 7/24/2023 | 32765 | 32765 | 33719 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33616049, 26.490%, 12/15/2028 †x# | Achieve | 8/09/2023 | 32765 | 32765 | 33340 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33684118, 19.240%, 9/24/2028 †x# | Achieve | 8/09/2023 | 26862 | 26862 | 27791 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33714270, 26.490%, 3/15/2029 †§x# | Achieve | 8/09/2023 | 28173 | 28173 | 29407 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33714705, 26.490%, 10/16/2028 †§x# | Achieve | 8/09/2023 | 19470 | 19470 | 20342 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33723063, 18.740%, 9/15/2028 †§x | Achieve | 8/10/2023 | 21766 | 21766 | 22416 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-33730926, 26.490%, 10/16/2028 †§x | Achieve | 8/10/2023 | 21520 | 21520 | 22497 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-34222835, 23.240%, 9/05/2027 †§x | Achieve | 9/11/2023 | 25375 | 25375 | 26107 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-34271959, 18.740%, 10/17/2027 †§x | Achieve | 9/11/2023 | 24866 | 24866 | 24982 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-38072179, 18.740%, 1/10/2029 †§x | Achieve | 12/03/2024 | 20761 | 20761 | 21797 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-38416189, 21.490%, 11/15/2029 †§x | Achieve | 12/03/2024 | 39042 | 39042 | 41496 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-38475852, 17.490%, 11/15/2028 †§x | Achieve | 10/10/2024 | 32593 | 32593 | 33672 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-38802224, 12.990%, 3/16/2030 †§x | Achieve | 2/09/2026 | 31585 | 31585 | 31568 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-38802259, 16.240%, 11/17/2028 †§x | Achieve | 10/10/2024 | 37059 | 37059 | 37803 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39151780, 17.990%, 11/16/2029 †§x | Achieve | 10/10/2024 | 24427 | 24427 | 25119 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39151959, 23.490%, 11/16/2029 †§x | Achieve | 10/11/2024 | 29522 | 29522 | 28763 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39223646, 17.740%, 2/22/2030 †§x | Achieve | 1/02/2025 | 19751 | 19751 | 20290 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39228381, 24.990%, 12/21/2029 †§x | Achieve | 10/11/2024 | 22457 | 22457 | 22359 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39284521, 23.490%, 11/18/2029 †§x# | Achieve | 10/10/2024 | 27890 | 27890 | 30686 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39290685, 14.740%, 11/16/2027 †§x | Achieve | 10/10/2024 | 20744 | 20744 | 20966 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39291242, 18.490%, 11/18/2027 †§x | Achieve | 10/10/2024 | 27206 | 27206 | 28207 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39291340, 19.240%, 4/18/2030 †§x | Achieve | 3/10/2025 | 23966 | 23966 | 25112 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39291697, 17.490%, 10/31/2028 †§x | Achieve | 10/10/2024 | 21277 | 21277 | 21947 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39291714, 17.490%, 11/18/2027 †§x | Achieve | 10/10/2024 | 19699 | 19699 | 20320 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39310181, 24.490%, 11/17/2029 †§x# | Achieve | 10/11/2024 | 20776 | 20776 | 23060 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39313661, 21.990%, 11/28/2029 †§x | Achieve | 10/10/2024 | 22145 | 22145 | 23746 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39329265, 21.490%, 10/01/2029 †§x# | Achieve | 10/10/2024 | 41189 | 41189 | 43646 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39340519, 20.990%, 11/22/2027 †§x | Achieve | 10/11/2024 | 26375 | 26375 | 26881 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39343371, 13.740%, 11/17/2027 †§x | Achieve | 10/10/2024 | 30520 | 30520 | 30636 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39343426, 19.240%, 11/17/2029 †§x | Achieve | 10/10/2024 | 24532 | 24532 | 25665 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39344409, 16.240%, 11/19/2027 †§x | Achieve | 10/11/2024 | 31043 | 31043 | 31741 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39344879, 16.990%, 11/17/2028 †§x | Achieve | 10/11/2024 | 26782 | 26782 | 27535 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39349979, 25.490%, 12/18/2029 †§x | Achieve | 10/10/2024 | 29866 | 29866 | 29872 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39351308, 22.240%, 11/18/2029 †§x | Achieve | 10/10/2024 | 40303 | 40303 | 43567 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39358950, 16.490%, 11/18/2028 †§x | Achieve | 10/10/2024 | 22136 | 22136 | 22491 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39360040, 21.490%, 1/30/2030 †x | Achieve | 10/10/2024 | 40425 | 40425 | 33278 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39360447, 14.990%, 11/29/2027 †§x | Achieve | 10/10/2024 | 31045 | 31045 | 31297 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39361189, 18.990%, 10/01/2028 †§x | Achieve | 10/10/2024 | 25977 | 25977 | 26864 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39361540, 22.990%, 9/06/2030 †§x | Achieve | 7/29/2025 | 23176 | 23176 | 22001 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39361753, 17.240%, 11/18/2028 †§x | Achieve | 10/10/2024 | 30898 | 30898 | 31871 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39362160, 21.490%, 11/24/2029 †§x | Achieve | 10/11/2024 | 27891 | 27891 | 29934 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39362440, 23.240%, 11/18/2029 †§x | Achieve | 10/10/2024 | 34007 | 34007 | 37246 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39364036, 22.240%, 11/21/2029 †§x | Achieve | 10/11/2024 | 33648 | 33648 | 32359 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39365421, 19.240%, 10/05/2028 †§x | Achieve | 10/10/2024 | 37313 | 37313 | 38759 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39365886, 19.240%, 11/17/2029 †§x | Achieve | 10/11/2024 | 23253 | 23253 | 24320 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39370014, 18.740%, 11/19/2029 †§x | Achieve | 10/11/2024 | 27425 | 27425 | 28314 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39372018, 24.240%, 11/19/2028 †§x | Achieve | 10/11/2024 | 36810 | 36810 | 38627 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39373759, 20.990%, 11/21/2029 †§x# | Achieve | 10/11/2024 | 31754 | 31754 | 34074 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39374090, 23.740%, 11/20/2029 †§x# | Achieve | 10/11/2024 | 21837 | 21837 | 21415 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39377829, 20.740%, 11/20/2029 †§x | Achieve | 10/11/2024 | 20262 | 20262 | 21493 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39379176, 23.240%, 1/15/2030 †x# | Achieve | 10/11/2024 | 43540 | 43540 | 47945 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39388540, 21.490%, 11/20/2029 †§x | Achieve | 10/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35635 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39505803, 18.490%, 6/15/2030 †§x | Achieve | 5/07/2025 | 32244 | 32244 | 33502 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**196** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39580520, 21.990%, 4/30/2030 †§x | Achieve | 3/05/2025 | $28801 | $28801 | $31111 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39665618, 24.240%, 2/16/2029 †§x | Achieve | 12/03/2024 | 19143 | 19143 | 20091 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39709981, 20.490%, 2/10/2030 †x# | Achieve | 12/03/2024 | 33610 | 33610 | 35506 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39781191, 18.490%, 4/13/2029 †§x | Achieve | 3/06/2025 | 41901 | 41901 | 43497 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39781479, 20.990%, 1/16/2030 †§x | Achieve | 12/03/2024 | 23184 | 23184 | 24874 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39781762, 14.740%, 1/11/2029 †§x | Achieve | 12/04/2024 | 22134 | 22134 | 22047 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39808955, 19.990%, 6/10/2030 †x# | Achieve | 12/04/2024 | 46158 | 46158 | 48550 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39826691, 18.490%, 2/10/2030 †x# | Achieve | 12/04/2024 | 25646 | 25646 | 26323 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39842457, 24.490%, 3/21/2030 †x | Achieve | 12/04/2024 | 26996 | 26996 | 30560 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39843240, 17.490%, 11/27/2029 †§x | Achieve | 12/03/2024 | 31927 | 31927 | 32178 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39844298, 23.240%, 1/10/2029 †§x | Achieve | 12/03/2024 | 28126 | 28126 | 29282 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39844357, 18.990%, 1/10/2030 †§x | Achieve | 12/03/2024 | 24991 | 24991 | 26077 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39845498, 19.240%, 1/10/2029 †§x | Achieve | 12/03/2024 | 31647 | 31647 | 33413 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39845525, 16.240%, 4/14/2029 †§x | Achieve | 3/06/2025 | 41542 | 41542 | 42413 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39845595, 25.990%, 2/10/2030 †§x | Achieve | 12/03/2024 | 20723 | 20723 | 20801 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39857997, 21.240%, 1/10/2030 †§x | Achieve | 12/04/2024 | 41580 | 41580 | 44713 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39859678, 15.990%, 1/10/2029 †§x | Achieve | 12/03/2024 | 38890 | 38890 | 39583 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39863259, 14.990%, 1/10/2028 †§x | Achieve | 12/03/2024 | 26788 | 26788 | 27045 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39863603, 17.740%, 1/12/2030 †§x | Achieve | 12/04/2024 | 20936 | 20936 | 21469 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39868364, 14.740%, 1/10/2029 †§x | Achieve | 12/03/2024 | 20613 | 20613 | 20520 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39868471, 22.990%, 1/09/2029 †§x | Achieve | 12/03/2024 | 32382 | 32382 | 33509 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39873195, 18.490%, 1/15/2030 †§x | Achieve | 12/03/2024 | 41286 | 41286 | 42804 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39874875, 22.240%, 1/11/2029 †§x | Achieve | 12/03/2024 | 24576 | 24576 | 25324 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39875081, 24.990%, 12/30/2029 †§x | Achieve | 12/03/2024 | 42677 | 42677 | 41935 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39875103, 20.740%, 1/10/2030 †§x | Achieve | 12/03/2024 | 33534 | 33534 | 35827 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39875785, 25.990%, 5/11/2030 †x# | Achieve | 12/04/2024 | 24912 | 24912 | 24814 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39883561, 15.490%, 1/11/2028 †§x | Achieve | 12/04/2024 | 33557 | 33557 | 34016 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39885378, 24.990%, 6/13/2030 †x# | Achieve | 3/04/2025 | 46441 | 46441 | 45616 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-39955833, 23.990%, 4/19/2030 †§x | Achieve | 3/14/2025 | 45067 | 45067 | 43842 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40012165, 16.490%, 5/14/2029 †§x | Achieve | 4/07/2025 | 37373 | 37373 | 38279 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40077304, 15.740%, 1/30/2029 †§x | Achieve | 1/02/2025 | 27763 | 27763 | 28043 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40105595, 17.490%, 2/11/2029 †§x | Achieve | 1/02/2025 | 24233 | 24233 | 25111 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40113247, 10.990%, 8/11/2028 †§x | Achieve | 7/09/2025 | 31864 | 31864 | 31114 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40221372, 13.990%, 4/10/2029 †§x | Achieve | 3/14/2025 | 24295 | 24295 | 24074 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40222091, 22.740%, 9/08/2030 †§x | Achieve | 7/31/2025 | 44832 | 44832 | 42525 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40284391, 23.990%, 4/19/2030 †§x | Achieve | 3/13/2025 | 26908 | 26908 | 26185 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40339771, 17.990%, 4/14/2030 †§x# | Achieve | 3/06/2025 | 26445 | 26445 | 27236 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40340239, 17.990%, 4/19/2028 †§x | Achieve | 3/10/2025 | 26460 | 26460 | 27455 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40340488, 19.240%, 4/06/2029 †§x | Achieve | 3/06/2025 | 37477 | 37477 | 39128 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40340662, 17.240%, 4/20/2029 †§x | Achieve | 3/12/2025 | 41070 | 41070 | 42488 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40340684, 19.990%, 4/22/2028 †§x | Achieve | 3/12/2025 | 28106 | 28106 | 28212 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40382960, 13.740%, 4/15/2028 †§x | Achieve | 3/05/2025 | 31042 | 31042 | 31159 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40404187, 11.990%, 4/16/2028 †§x | Achieve | 3/12/2025 | 21851 | 21851 | 21586 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40405040, 21.490%, 5/30/2030 †x# | Achieve | 3/11/2025 | 30281 | 30281 | 32601 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40405143, 11.490%, 4/10/2028 †§x | Achieve | 3/11/2025 | 23642 | 23642 | 23132 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40464022, 24.990%, 5/15/2030 †§x | Achieve | 3/07/2025 | 21747 | 21747 | 21393 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40464123, 25.740%, 3/02/2030 †§x | Achieve | 3/10/2025 | 23680 | 23680 | 23324 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40464750, 13.990%, 4/12/2029 †§x | Achieve | 3/03/2025 | 33190 | 33190 | 33008 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40484379, 25.990%, 4/05/2030 †§x# | Achieve | 3/04/2025 | 21008 | 21008 | 20820 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40491442, 21.990%, 4/15/2030 †§x | Achieve | 3/06/2025 | 26952 | 26952 | 29437 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40491673, 19.740%, 6/14/2030 †§x | Achieve | 5/07/2025 | 24937 | 24937 | 26368 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40500380, 23.990%, 3/29/2029 †§x | Achieve | 3/04/2025 | 21434 | 21434 | 23554 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40500426, 15.240%, 11/01/2027 †§x | Achieve | 3/07/2025 | 27711 | 27711 | 28065 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40512143, 17.990%, 4/30/2029 †§x | Achieve | 3/04/2025 | 42348 | 42348 | 44186 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40519489, 18.990%, 4/15/2028 †§x | Achieve | 3/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34127 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40519531, 16.990%, 4/19/2030 †§x | Achieve | 3/12/2025 | 44064 | 44064 | 44753 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**197** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40519595, 21.740%, 4/12/2030 †§x | Achieve | 3/05/2025 | $21535 | $21535 | $23190 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40519861, 13.240%, 4/13/2029 †§x# | Achieve | 3/05/2025 | 41061 | 41061 | 40457 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40520108, 14.740%, 4/21/2028 †§x | Achieve | 3/13/2025 | 24234 | 24234 | 23305 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40520451, 14.740%, 4/11/2028 †§x | Achieve | 3/12/2025 | 24053 | 24053 | 24294 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40520482, 9.990%, 4/21/2028 †§x | Achieve | 3/13/2025 | 20779 | 20779 | 20190 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40520538, 12.990%, 2/26/2028 †§x | Achieve | 3/03/2025 | 21549 | 21549 | 21391 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40520545, 17.490%, 4/02/2028 †§x# | Achieve | 3/06/2025 | 35411 | 35411 | 36307 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40520659, 10.740%, 4/14/2028 †§x | Achieve | 3/06/2025 | 30058 | 30058 | 29390 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40520727, 18.240%, 4/17/2029 †§x | Achieve | 3/10/2025 | 30038 | 30038 | 31427 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40529916, 24.990%, 5/18/2030 †§x | Achieve | 3/07/2025 | 22737 | 22737 | 22463 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40539261, 25.990%, 4/03/2030 †§x | Achieve | 3/07/2025 | 44967 | 44967 | 44522 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40542301, 21.740%, 4/07/2030 †§x | Achieve | 3/03/2025 | 24002 | 24002 | 25784 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40552449, 16.240%, 4/12/2029 †§x | Achieve | 3/04/2025 | 35104 | 35104 | 35550 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40555918, 19.740%, 3/01/2030 †§x | Achieve | 3/13/2025 | 32917 | 32917 | 34147 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40556032, 14.740%, 2/20/2029 †§x | Achieve | 3/04/2025 | 20880 | 20880 | 20852 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40556662, 22.740%, 4/13/2030 †§x | Achieve | 3/05/2025 | 23866 | 23866 | 26351 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40556790, 18.490%, 4/12/2029 †§x | Achieve | 3/05/2025 | 24205 | 24205 | 25406 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40557040, 20.990%, 4/12/2028 †§x# | Achieve | 3/04/2025 | 26799 | 26799 | 27060 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40557058, 24.990%, 5/20/2030 †§x | Achieve | 3/12/2025 | 30248 | 30248 | 29875 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40557290, 24.990%, 4/11/2030 †§x | Achieve | 3/05/2025 | 38360 | 38360 | 37659 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40557438, 18.490%, 2/17/2030 †§x | Achieve | 3/04/2025 | 34132 | 34132 | 35158 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40557674, 21.990%, 4/11/2029 †§x | Achieve | 3/07/2025 | 31783 | 31783 | 32381 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40557715, 17.240%, 4/12/2029 †§x | Achieve | 3/05/2025 | 20454 | 20454 | 20961 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40558703, 24.990%, 5/24/2030 †§x | Achieve | 3/04/2025 | 27552 | 27552 | 27261 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40559336, 24.240%, 4/05/2029 †§x# | Achieve | 3/06/2025 | 24554 | 24554 | 25486 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40559922, 19.990%, 4/15/2028 †§x | Achieve | 3/06/2025 | 33869 | 33869 | 34009 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40561279, 21.990%, 4/30/2030 †§x | Achieve | 3/13/2025 | 22068 | 22068 | 24043 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40561866, 25.990%, 4/06/2030 †§x | Achieve | 3/03/2025 | 23136 | 23136 | 23012 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40567992, 19.740%, 4/15/2029 †§x | Achieve | 3/06/2025 | 27802 | 27802 | 29321 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577463, 16.740%, 4/10/2029 †§x | Achieve | 3/13/2025 | 41339 | 41339 | 42332 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577499, 20.490%, 4/17/2030 †§x | Achieve | 3/06/2025 | 29564 | 29564 | 31315 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577644, 19.990%, 4/12/2029 †§x | Achieve | 3/06/2025 | 28308 | 28308 | 29896 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577655, 9.990%, 4/20/2027 †§x | Achieve | 3/13/2025 | 26170 | 26170 | 26086 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577678, 20.990%, 4/11/2029 †§x | Achieve | 3/03/2025 | 34184 | 34184 | 34505 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577706, 19.240%, 5/04/2030 †§x | Achieve | 4/07/2025 | 20905 | 20905 | 21826 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577745, 20.490%, 4/15/2030 †§x | Achieve | 3/05/2025 | 37021 | 37021 | 39203 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577769, 19.490%, 4/20/2029 †§x | Achieve | 3/12/2025 | 39439 | 39439 | 41529 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577817, 18.490%, 4/16/2028 †§x | Achieve | 3/05/2025 | 32890 | 32890 | 34428 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577823, 23.990%, 9/10/2030 †§x | Achieve | 7/30/2025 | 32062 | 32062 | 30809 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577875, 25.990%, 4/01/2030 †§x | Achieve | 3/06/2025 | 37735 | 37735 | 37413 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40577981, 25.990%, 5/17/2030 †§x | Achieve | 3/07/2025 | 45584 | 45584 | 45514 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578077, 24.490%, 5/24/2030 †§x | Achieve | 3/07/2025 | 45621 | 45621 | 44772 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578235, 19.490%, 4/16/2030 †§x | Achieve | 3/13/2025 | 35904 | 35904 | 37755 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578266, 18.490%, 4/10/2028 †§x | Achieve | 3/05/2025 | 28399 | 28399 | 29537 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578352, 14.740%, 9/08/2028 †§x | Achieve | 7/31/2025 | 23456 | 23456 | 23805 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578462, 17.240%, 4/15/2029 †§x | Achieve | 3/12/2025 | 41634 | 41634 | 42574 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578475, 20.490%, 4/18/2030 †§x | Achieve | 3/11/2025 | 42694 | 42694 | 45210 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578539, 19.740%, 4/06/2029 †§x | Achieve | 3/06/2025 | 22881 | 22881 | 24270 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578555, 24.990%, 5/15/2030 †§x | Achieve | 3/03/2025 | 24945 | 24945 | 24639 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578667, 20.990%, 4/27/2029 †§x | Achieve | 3/05/2025 | 20699 | 20699 | 22454 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578749, 18.490%, 4/18/2029 †§x | Achieve | 3/10/2025 | 24684 | 24684 | 25916 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40578755, 18.490%, 2/24/2028 †§x | Achieve | 3/04/2025 | 24323 | 24323 | 25324 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40579423, 23.490%, 4/13/2030 †§x | Achieve | 3/05/2025 | 38866 | 38866 | 42935 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40593233, 19.740%, 4/19/2029 †§x# | Achieve | 3/12/2025 | 24732 | 24732 | 25795 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40598570, 25.740%, 5/12/2030 †§x | Achieve | 3/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27224 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40599134, 24.990%, 5/27/2030 †§x | Achieve | 3/14/2025 | 34137 | 34137 | 38801 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**198** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40599703, 19.740%, 4/12/2030 †§x | Achieve | 3/04/2025 | $43292 | $43292 | $45755 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40600619, 22.240%, 4/16/2030 †§x# | Achieve | 3/05/2025 | 44957 | 44957 | 49316 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40601360, 25.990%, 5/11/2030 †§x | Achieve | 3/04/2025 | 23544 | 23544 | 23535 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40601996, 22.990%, 4/10/2030 †§x | Achieve | 3/04/2025 | 45029 | 45029 | 49821 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40602431, 16.740%, 4/11/2028 †§x | Achieve | 3/03/2025 | 27211 | 27211 | 28024 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40603043, 21.240%, 4/12/2030 †§x | Achieve | 3/04/2025 | 36904 | 36904 | 39863 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40603318, 20.740%, 4/12/2029 †§x | Achieve | 3/06/2025 | 34430 | 34430 | 37059 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40603697, 18.990%, 4/12/2030 †§x | Achieve | 3/05/2025 | 44419 | 44419 | 46422 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40604015, 18.740%, 4/13/2030 †§x# | Achieve | 3/05/2025 | 32490 | 32490 | 33863 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40604082, 25.990%, 5/11/2030 †§x | Achieve | 3/04/2025 | 20573 | 20573 | 20490 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40604890, 21.740%, 4/13/2030 †§x | Achieve | 3/05/2025 | 34304 | 34304 | 36962 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40605264, 24.990%, 5/20/2030 †§x | Achieve | 3/11/2025 | 29190 | 29190 | 28780 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40607290, 16.490%, 4/14/2028 †§x | Achieve | 3/05/2025 | 37652 | 37652 | 38718 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40608309, 23.240%, 4/13/2029 †§x | Achieve | 3/04/2025 | 36418 | 36418 | 36243 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40608932, 24.990%, 2/26/2030 †§x# | Achieve | 3/06/2025 | 32713 | 32713 | 32207 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40609495, 21.240%, 4/05/2029 †§x# | Achieve | 3/04/2025 | 28994 | 28994 | 29211 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40610073, 25.990%, 5/24/2030 †§x | Achieve | 3/14/2025 | 31817 | 31817 | 31700 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40611235, 16.990%, 4/15/2030 †§x | Achieve | 3/06/2025 | 42638 | 42638 | 43255 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40611295, 24.240%, 4/15/2030 †§x | Achieve | 3/05/2025 | 43889 | 43889 | 49028 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40612205, 14.240%, 4/05/2029 †§x# | Achieve | 3/05/2025 | 22126 | 22126 | 22012 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40612271, 16.990%, 4/18/2030 †§x# | Achieve | 3/11/2025 | 43968 | 43968 | 44645 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40612354, 16.490%, 4/12/2029 †§x | Achieve | 3/04/2025 | 24174 | 24174 | 24780 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40613051, 24.990%, 5/14/2030 †§x | Achieve | 3/06/2025 | 22788 | 22788 | 25986 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40614553, 25.990%, 5/13/2030 †§x | Achieve | 3/04/2025 | 35511 | 35511 | 35418 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40615226, 21.490%, 4/12/2030 †§x | Achieve | 3/04/2025 | 44858 | 44858 | 48630 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40615741, 19.740%, 4/12/2030 †§x# | Achieve | 3/04/2025 | 45131 | 45131 | 47260 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40616098, 25.990%, 5/13/2030 †§x | Achieve | 3/06/2025 | 41817 | 41817 | 41750 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40617049, 13.490%, 3/27/2028 †x | Achieve | 3/04/2025 | 37271 | 37271 | 36991 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40617842, 20.490%, 4/26/2030 †§x | Achieve | 3/05/2025 | 26142 | 26142 | 27795 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40619956, 13.490%, 4/13/2029 †§x | Achieve | 3/04/2025 | 41119 | 41119 | 40648 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40621360, 17.740%, 3/31/2028 †§x | Achieve | 3/04/2025 | 21279 | 21279 | 21893 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40622755, 25.990%, 5/12/2030 †§x | Achieve | 3/04/2025 | 28089 | 28089 | 27863 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40622823, 24.240%, 4/12/2029 †§x | Achieve | 3/04/2025 | 23217 | 23217 | 24253 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40624010, 24.990%, 5/16/2030 †§x | Achieve | 3/06/2025 | 29886 | 29886 | 29396 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40627519, 19.740%, 4/17/2029 †§x | Achieve | 3/10/2025 | 34406 | 34406 | 36296 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40633733, 20.740%, 4/11/2030 †§x | Achieve | 3/05/2025 | 39063 | 39063 | 41446 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40634418, 16.490%, 4/15/2028 †§x | Achieve | 3/06/2025 | 28156 | 28156 | 28934 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40635109, 17.740%, 4/14/2029 †§x | Achieve | 3/05/2025 | 31762 | 31762 | 33077 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40635127, 22.240%, 4/06/2030 †§x | Achieve | 3/06/2025 | 22307 | 22307 | 24071 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40635932, 25.240%, 4/14/2029 †§x | Achieve | 3/05/2025 | 37829 | 37829 | 38562 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40636552, 16.240%, 4/21/2028 †§x | Achieve | 3/12/2025 | 20307 | 20307 | 20767 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40640769, 18.490%, 4/14/2028 †§x | Achieve | 3/06/2025 | 28808 | 28808 | 29980 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40641114, 15.490%, 4/15/2029 †§x | Achieve | 3/06/2025 | 30723 | 30723 | 31096 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40641999, 25.240%, 4/20/2029 †§x | Achieve | 3/11/2025 | 32107 | 32107 | 33940 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40642334, 25.990%, 5/14/2030 †§x | Achieve | 3/06/2025 | 31307 | 31307 | 31202 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40645892, 18.240%, 3/15/2030 †§x | Achieve | 3/06/2025 | 27033 | 27033 | 27944 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40646336, 21.240%, 2/28/2030 †§x | Achieve | 3/06/2025 | 29652 | 29652 | 31700 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40646374, 14.240%, 4/14/2028 †§x | Achieve | 3/06/2025 | 20083 | 20083 | 20239 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647054, 24.740%, 2/28/2030 †§x | Achieve | 3/06/2025 | 34666 | 34666 | 33783 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647228, 14.490%, 4/21/2029 †§x | Achieve | 3/13/2025 | 32893 | 32893 | 32907 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647256, 11.740%, 4/19/2028 †§x | Achieve | 3/14/2025 | 30790 | 30790 | 30363 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647459, 20.490%, 4/17/2029 †§x | Achieve | 3/12/2025 | 42237 | 42237 | 44937 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647487, 19.990%, 4/07/2030 †§x | Achieve | 3/11/2025 | 22270 | 22270 | 23284 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647516, 15.490%, 4/09/2029 †§x | Achieve | 3/12/2025 | 26067 | 26067 | 26298 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647595, 14.740%, 4/20/2028 †§x | Achieve | 3/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32306 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647603, 20.990%, 5/18/2030 †x | Achieve | 3/07/2025 | 26527 | 26527 | 28403 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**199** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647609, 17.240%, 4/30/2030 †§x | Achieve | 3/11/2025 | $22375 | $22375 | $22764 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647750, 20.990%, 4/18/2030 †§x | Achieve | 3/12/2025 | 22266 | 22266 | 23990 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647763, 13.490%, 4/21/2029 †§x | Achieve | 3/13/2025 | 30474 | 30474 | 30125 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647768, 20.740%, 5/26/2028 †x# | Achieve | 3/12/2025 | 27109 | 27109 | 27279 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647769, 14.990%, 5/24/2027 †x# | Achieve | 3/11/2025 | 31879 | 31879 | 32708 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647811, 23.740%, 4/20/2029 †§x | Achieve | 3/11/2025 | 42531 | 42531 | 44164 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647817, 17.490%, 4/21/2030 †§x | Achieve | 3/12/2025 | 28675 | 28675 | 29364 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647824, 16.990%, 4/15/2028 †§x | Achieve | 3/12/2025 | 24616 | 24616 | 25277 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647833, 10.740%, 4/21/2028 †§x | Achieve | 3/13/2025 | 23976 | 23976 | 23451 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647917, 13.990%, 4/21/2028 †§x | Achieve | 3/14/2025 | 22668 | 22668 | 21658 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647919, 14.490%, 4/18/2029 †§x | Achieve | 3/11/2025 | 24813 | 24813 | 24582 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647937, 11.490%, 4/23/2028 †§x | Achieve | 3/11/2025 | 28267 | 28267 | 27753 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40647993, 13.990%, 4/19/2028 †§x | Achieve | 3/11/2025 | 20913 | 20913 | 20960 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40648256, 22.490%, 4/20/2030 †§x | Achieve | 3/12/2025 | 32331 | 32331 | 35260 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40648307, 15.490%, 4/25/2029 †x | Achieve | 4/07/2025 | 41394 | 41394 | 41724 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40648312, 15.240%, 3/01/2029 †§x | Achieve | 3/11/2025 | 30682 | 30682 | 30773 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40648702, 14.240%, 4/21/2029 †§x | Achieve | 3/13/2025 | 24442 | 24442 | 24377 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40651482, 15.740%, 4/06/2029 †§x# | Achieve | 3/07/2025 | 25936 | 25936 | 26300 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40651825, 12.740%, 4/15/2028 †§x | Achieve | 3/07/2025 | 23794 | 23794 | 23673 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40654837, 14.990%, 4/16/2029 †§x | Achieve | 3/07/2025 | 21383 | 21383 | 21514 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40656613, 24.990%, 5/15/2030 †§x | Achieve | 3/07/2025 | 22672 | 22672 | 22354 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40657082, 25.990%, 5/16/2030 †§x | Achieve | 3/07/2025 | 32152 | 32152 | 32057 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40657744, 24.990%, 5/20/2030 †§x | Achieve | 3/12/2025 | 30288 | 30288 | 29913 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40660391, 18.490%, 4/17/2030 †§x | Achieve | 3/07/2025 | 44351 | 44351 | 46065 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40660611, 15.740%, 3/04/2029 †§x | Achieve | 3/11/2025 | 24659 | 24659 | 24896 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40662687, 24.990%, 7/16/2030 †x | Achieve | 3/07/2025 | 28646 | 28646 | 23506 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40662869, 20.240%, 4/16/2030 †§x | Achieve | 3/07/2025 | 32124 | 32124 | 34208 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40663378, 23.490%, 5/18/2030 †§x | Achieve | 3/07/2025 | 24602 | 24602 | 27246 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40665957, 25.990%, 5/17/2030 †§x | Achieve | 3/07/2025 | 31534 | 31534 | 31315 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40667448, 25.990%, 5/18/2030 †§x | Achieve | 3/07/2025 | 38053 | 38053 | 38022 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40667484, 19.240%, 4/17/2029 †§x | Achieve | 3/07/2025 | 42120 | 42120 | 44194 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40669612, 25.990%, 5/18/2030 †§x | Achieve | 3/11/2025 | 25443 | 25443 | 25393 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40673068, 25.240%, 4/20/2029 †§x | Achieve | 3/13/2025 | 30331 | 30331 | 30953 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40674762, 19.990%, 4/18/2030 †§x | Achieve | 3/11/2025 | 44575 | 44575 | 47293 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40677631, 16.490%, 3/02/2029 †§x | Achieve | 3/12/2025 | 20585 | 20585 | 20948 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40680836, 14.990%, 4/19/2029 †§x | Achieve | 3/12/2025 | 41346 | 41346 | 41599 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40680984, 18.490%, 4/18/2030 †§x | Achieve | 3/11/2025 | 44322 | 44322 | 46008 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40682388, 14.740%, 4/21/2028 †§x | Achieve | 3/12/2025 | 37344 | 37344 | 37841 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40683314, 24.990%, 4/23/2030 †§x | Achieve | 3/12/2025 | 22898 | 22898 | 22600 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40686173, 19.490%, 4/19/2030 †§x | Achieve | 3/11/2025 | 26828 | 26828 | 28272 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40686330, 18.740%, 4/19/2030 †§x | Achieve | 3/11/2025 | 33411 | 33411 | 34826 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40686757, 21.740%, 5/16/2030 †§x | Achieve | 4/07/2025 | 37951 | 37951 | 41454 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40686908, 22.490%, 4/20/2030 †§x | Achieve | 3/11/2025 | 29698 | 29698 | 32431 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40687055, 19.240%, 5/19/2029 †x# | Achieve | 3/11/2025 | 40952 | 40952 | 43152 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40687916, 19.490%, 4/05/2030 †§x# | Achieve | 3/12/2025 | 30836 | 30836 | 32264 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40688478, 18.990%, 4/19/2030 †§x | Achieve | 3/12/2025 | 44301 | 44301 | 46328 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40692650, 21.240%, 4/20/2030 †§x | Achieve | 3/11/2025 | 18785 | 18785 | 20129 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40692689, 19.240%, 3/01/2030 †§x | Achieve | 3/12/2025 | 43892 | 43892 | 45642 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40693032, 20.990%, 4/25/2030 †§x | Achieve | 3/11/2025 | 21560 | 21560 | 23062 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40694461, 16.990%, 5/20/2029 †x | Achieve | 3/12/2025 | 19799 | 19799 | 20253 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40698865, 17.490%, 4/20/2029 †§x | Achieve | 3/12/2025 | 41814 | 41814 | 43389 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40698998, 24.990%, 5/20/2030 †§x | Achieve | 3/12/2025 | 22774 | 22774 | 25701 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40699546, 14.990%, 4/21/2029 †§x | Achieve | 3/12/2025 | 35914 | 35914 | 36159 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40699891, 18.490%, 4/20/2030 †§x | Achieve | 3/12/2025 | 23842 | 23842 | 24766 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40700431, 19.240%, 4/20/2029 †§x | Achieve | 3/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25577 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40704310, 24.990%, 5/21/2030 †§x | Achieve | 3/13/2025 | 45343 | 45343 | 44708 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**200** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40704775, 18.490%, 4/21/2030 †§x | Achieve | 3/13/2025 | $44292 | $44292 | $46014 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40705022, 25.990%, 5/20/2030 †§x# | Achieve | 3/12/2025 | 20829 | 20829 | 20708 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40705158, 25.990%, 5/21/2030 †§x# | Achieve | 3/12/2025 | 23077 | 23077 | 23142 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40705871, 16.990%, 4/20/2029 †§x | Achieve | 3/13/2025 | 27322 | 27322 | 28171 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40711264, 17.490%, 4/21/2028 †§x | Achieve | 3/13/2025 | 26417 | 26417 | 25554 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40711319, 22.240%, 4/21/2030 †§x | Achieve | 3/13/2025 | 26945 | 26945 | 25544 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40711794, 11.240%, 4/23/2029 †§x | Achieve | 3/14/2025 | 40671 | 40671 | 39114 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40711876, 16.990%, 4/15/2029 †§x | Achieve | 3/13/2025 | 28201 | 28201 | 27194 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40712050, 23.490%, 5/15/2030 †§x | Achieve | 3/13/2025 | 21469 | 21469 | 20688 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40712257, 22.740%, 4/21/2030 †§x | Achieve | 3/14/2025 | 43254 | 43254 | 41207 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40712376, 16.740%, 4/21/2029 †§x | Achieve | 3/13/2025 | 25151 | 25151 | 25626 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40714528, 12.240%, 6/15/2029 †§x | Achieve | 5/06/2025 | 42672 | 42672 | 41464 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40714537, 18.490%, 5/26/2030 †§x | Achieve | 4/07/2025 | 32181 | 32181 | 33489 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40714638, 13.990%, 5/04/2028 †§x | Achieve | 4/07/2025 | 22163 | 22163 | 22211 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40715668, 22.490%, 4/20/2029 †§x | Achieve | 3/13/2025 | 30249 | 30249 | 30060 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40716006, 20.740%, 4/23/2030 †§x | Achieve | 3/14/2025 | 26043 | 26043 | 27731 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40716034, 21.740%, 4/27/2030 †§x | Achieve | 3/13/2025 | 27674 | 27674 | 26078 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40719342, 10.490%, 4/22/2027 †§x | Achieve | 3/14/2025 | 26097 | 26097 | 26085 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40722624, 17.490%, 4/23/2030 †§x | Achieve | 3/14/2025 | 26493 | 26493 | 26911 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40728310, 16.240%, 4/24/2030 †§x | Achieve | 3/14/2025 | 43959 | 43959 | 44221 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40730216, 9.240%, 4/24/2028 †§x | Achieve | 3/14/2025 | 24727 | 24727 | 23876 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40731577, 17.740%, 4/24/2030 †§x | Achieve | 3/14/2025 | 22111 | 22111 | 22552 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40732925, 18.240%, 4/24/2029 †§x | Achieve | 3/14/2025 | 20973 | 20973 | 20552 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40736082, 11.240%, 4/24/2028 †§x | Achieve | 3/14/2025 | 28001 | 28001 | 27523 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40776593, 18.490%, 5/16/2028 †§x | Achieve | 4/07/2025 | 28746 | 28746 | 30110 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40806895, 20.740%, 5/15/2030 †§x | Achieve | 4/07/2025 | 25073 | 25073 | 26702 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40841246, 20.740%, 5/10/2030 †§x | Achieve | 4/07/2025 | 21088 | 21088 | 22397 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40841540, 19.740%, 5/16/2029 †§x | Achieve | 4/07/2025 | 33758 | 33758 | 36017 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40841613, 16.990%, 5/12/2029 †§x | Achieve | 4/07/2025 | 34835 | 34835 | 35870 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40841631, 14.740%, 5/17/2029 †§x | Achieve | 4/07/2025 | 22601 | 22601 | 22677 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40875168, 16.990%, 8/04/2030 †§x | Achieve | 7/03/2025 | 45531 | 45531 | 46132 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40906925, 16.240%, 5/12/2030 †§x | Achieve | 4/07/2025 | 20609 | 20609 | 20667 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40907697, 24.990%, 7/17/2030 †x# | Achieve | 4/07/2025 | 44385 | 44385 | 43493 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40909153, 17.240%, 5/16/2030 †§x# | Achieve | 4/07/2025 | 25785 | 25785 | 26019 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40909215, 19.240%, 5/16/2030 †§x | Achieve | 4/07/2025 | 37502 | 37502 | 39359 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40909473, 18.490%, 6/24/2029 †§x | Achieve | 5/07/2025 | 43864 | 43864 | 46215 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40909929, 15.490%, 5/12/2029 †§x | Achieve | 4/07/2025 | 40564 | 40564 | 41013 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40916374, 23.240%, 5/30/2030 †§x# | Achieve | 4/07/2025 | 18420 | 18420 | 20318 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40929473, 17.740%, 5/02/2030 †§x | Achieve | 4/07/2025 | 34577 | 34577 | 35297 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40931952, 22.240%, 5/01/2030 †x | Achieve | 4/07/2025 | 39413 | 39413 | 42970 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40932328, 16.490%, 5/16/2028 †§x | Achieve | 4/07/2025 | 38874 | 38874 | 39756 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40933082, 18.490%, 5/16/2028 †§x | Achieve | 4/07/2025 | 31166 | 31166 | 32645 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40934388, 18.240%, 7/17/2030 †x# | Achieve | 4/07/2025 | 23399 | 23399 | 24292 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40935325, 21.740%, 5/16/2030 †§x | Achieve | 4/07/2025 | 24784 | 24784 | 26986 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40938744, 13.990%, 5/16/2029 †§x | Achieve | 4/07/2025 | 20426 | 20426 | 20297 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40940254, 13.990%, 5/16/2029 †§x# | Achieve | 4/07/2025 | 21268 | 21268 | 21138 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40940582, 24.990%, 5/10/2030 †§x | Achieve | 4/07/2025 | 30077 | 30077 | 29315 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40940886, 18.490%, 5/16/2030 †§x | Achieve | 4/07/2025 | 19779 | 19779 | 20544 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40942106, 24.490%, 6/16/2030 †§x | Achieve | 4/07/2025 | 41937 | 41937 | 40938 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40942567, 23.990%, 6/16/2030 †§x | Achieve | 4/07/2025 | 25167 | 25167 | 24366 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40943550, 15.740%, 5/16/2028 †§x | Achieve | 4/07/2025 | 23249 | 23249 | 23759 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40943637, 16.740%, 5/09/2029 †§x | Achieve | 4/07/2025 | 21674 | 21674 | 22223 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40944844, 20.990%, 3/30/2030 †§x# | Achieve | 4/07/2025 | 27817 | 27817 | 29445 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40973572, 14.990%, 8/05/2029 †§x# | Achieve | 7/08/2025 | 26723 | 26723 | 26800 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-40973868, 18.490%, 6/15/2029 †§x | Achieve | 5/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41709 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41045586, 19.990%, 8/15/2030 †§x | Achieve | 7/08/2025 | 41027 | 41027 | 43698 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**201** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41045936, 20.490%, 6/15/2030 †§x | Achieve | 5/08/2025 | $37068 | $37068 | $39640 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41046049, 14.490%, 6/05/2029 †§x | Achieve | 5/06/2025 | 34248 | 34248 | 34132 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41063946, 13.240%, 4/30/2029 †§x | Achieve | 5/06/2025 | 34461 | 34461 | 33785 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41115175, 13.990%, 6/15/2029 †§x | Achieve | 5/06/2025 | 21701 | 21701 | 21565 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41115228, 24.240%, 7/30/2029 †x# | Achieve | 5/07/2025 | 19624 | 19624 | 20419 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41115246, 23.990%, 10/08/2030 †§x | Achieve | 8/29/2025 | 25358 | 25358 | 24362 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41115258, 21.240%, 6/15/2030 †§x# | Achieve | 5/06/2025 | 46791 | 46791 | 50420 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41115961, 15.490%, 6/03/2030 †§x | Achieve | 5/06/2025 | 44226 | 44226 | 43723 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41152099, 14.740%, 6/13/2028 †§x | Achieve | 5/06/2025 | 27172 | 27172 | 27515 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41152110, 15.740%, 6/13/2028 †§x | Achieve | 5/06/2025 | 36839 | 36839 | 37414 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41163261, 13.990%, 6/10/2028 †§x | Achieve | 5/06/2025 | 22500 | 22500 | 22467 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41163931, 18.740%, 6/15/2029 †§x | Achieve | 5/06/2025 | 42429 | 42429 | 44363 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41176386, 17.740%, 6/17/2030 †§x | Achieve | 5/08/2025 | 21784 | 21784 | 22393 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41185571, 15.990%, 4/25/2029 †§x# | Achieve | 5/07/2025 | 30164 | 30164 | 30582 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41185627, 16.240%, 6/15/2029 †§x | Achieve | 5/07/2025 | 21634 | 21634 | 21921 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41186042, 9.990%, 6/16/2027 †§x | Achieve | 5/08/2025 | 32593 | 32593 | 32488 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41186907, 22.990%, 7/23/2030 †§x | Achieve | 5/06/2025 | 24876 | 24876 | 23831 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41187185, 22.240%, 6/14/2030 †§x | Achieve | 5/07/2025 | 20434 | 20434 | 22188 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41187627, 23.740%, 6/03/2030 †§x | Achieve | 5/06/2025 | 39128 | 39128 | 37445 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41187766, 12.740%, 6/14/2028 †§x | Achieve | 5/06/2025 | 36457 | 36457 | 36256 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41187860, 17.240%, 6/21/2030 †§x | Achieve | 5/07/2025 | 24282 | 24282 | 24785 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41189178, 18.740%, 6/25/2030 †§x | Achieve | 5/07/2025 | 26539 | 26539 | 27691 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41211989, 18.740%, 6/14/2028 †§x | Achieve | 5/06/2025 | 21808 | 21808 | 21566 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41214470, 23.990%, 3/14/2031 †§x# | Achieve | 5/06/2025 | 27415 | 27415 | 26349 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41214560, 16.990%, 6/28/2030 †§x | Achieve | 5/06/2025 | 20058 | 20058 | 20345 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41222937, 20.740%, 4/20/2030 †§x | Achieve | 5/06/2025 | 21946 | 21946 | 23225 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41229936, 13.740%, 6/15/2028 †§x# | Achieve | 5/07/2025 | 28286 | 28286 | 28381 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41230150, 18.990%, 6/15/2030 †§x | Achieve | 5/07/2025 | 27721 | 27721 | 25061 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41231116, 24.990%, 7/30/2030 †x | Achieve | 5/06/2025 | 24287 | 24287 | 23726 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41232743, 16.740%, 6/14/2030 †§x | Achieve | 5/06/2025 | 21750 | 21750 | 22007 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41233469, 14.240%, 6/14/2027 †§x | Achieve | 5/06/2025 | 21420 | 21420 | 21868 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41234236, 24.990%, 7/14/2030 †§x | Achieve | 5/07/2025 | 36901 | 36901 | 36131 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41240136, 24.490%, 7/15/2030 †§x | Achieve | 5/07/2025 | 26080 | 26080 | 25434 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41245107, 16.490%, 6/15/2028 †§x | Achieve | 5/07/2025 | 35267 | 35267 | 36092 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41245984, 22.240%, 6/16/2030 †§x | Achieve | 5/07/2025 | 27656 | 27656 | 30164 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41246777, 23.240%, 6/15/2030 †§x | Achieve | 5/07/2025 | 25870 | 25870 | 24830 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41254718, 13.240%, 9/01/2029 †§x | Achieve | 7/29/2025 | 38375 | 38375 | 37667 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41323955, 10.990%, 9/07/2028 †§x# | Achieve | 7/30/2025 | 30469 | 30469 | 29764 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41325420, 18.490%, 9/06/2029 †§x | Achieve | 7/29/2025 | 38261 | 38261 | 40390 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41475284, 12.990%, 7/01/2028 †§x | Achieve | 7/08/2025 | 41750 | 41750 | 41471 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41475662, 20.740%, 8/08/2030 †§x | Achieve | 7/07/2025 | 27029 | 27029 | 29020 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41478213, 24.990%, 9/11/2030 †§x | Achieve | 7/03/2025 | 33034 | 33034 | 32320 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41547459, 24.740%, 11/06/2030 †§x# | Achieve | 8/28/2025 | 30840 | 30840 | 30054 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41548179, 19.990%, 9/20/2029 †§x | Achieve | 7/30/2025 | 33183 | 33183 | 35598 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41615188, 17.240%, 6/30/2030 †§x# | Achieve | 7/07/2025 | 36916 | 36916 | 37443 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41629960, 20.240%, 7/01/2030 †§x | Achieve | 7/08/2025 | 46434 | 46434 | 42291 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41630120, 17.240%, 8/03/2029 †§x | Achieve | 7/07/2025 | 25899 | 25899 | 26718 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41688742, 24.490%, 6/26/2030 †§x | Achieve | 7/07/2025 | 42962 | 42962 | 41832 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41711713, 17.240%, 8/16/2029 †§x | Achieve | 7/08/2025 | 20942 | 20942 | 21731 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41711730, 16.240%, 7/18/2030 †§x | Achieve | 7/31/2025 | 25612 | 25612 | 25595 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41711846, 14.740%, 9/02/2028 †§x | Achieve | 7/31/2025 | 23943 | 23943 | 24248 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41711858, 19.740%, 8/10/2028 †§x | Achieve | 7/08/2025 | 27668 | 27668 | 27509 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41711979, 15.490%, 8/09/2029 †§x | Achieve | 7/03/2025 | 40662 | 40662 | 41181 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41712123, 23.490%, 8/26/2030 †§x | Achieve | 7/08/2025 | 47616 | 47616 | 45911 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41712335, 18.990%, 6/30/2029 †§x | Achieve | 7/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42899 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41712359, 17.490%, 8/08/2030 †§x | Achieve | 7/07/2025 | 34868 | 34868 | 35627 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**202** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41712455, 18.240%, 8/15/2030 †§x | Achieve | 7/08/2025 | $35436 | $35436 | $36712 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41712526, 23.990%, 6/30/2030 †§x | Achieve | 7/08/2025 | 24369 | 24369 | 23381 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41712744, 24.240%, 8/15/2029 †§x | Achieve | 7/03/2025 | 22516 | 22516 | 23490 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41712824, 18.990%, 8/05/2030 †§x | Achieve | 7/03/2025 | 19208 | 19208 | 20087 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41747160, 16.240%, 8/10/2030 †§x | Achieve | 7/03/2025 | 46010 | 46010 | 46191 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41754259, 17.740%, 8/15/2028 †§x | Achieve | 7/08/2025 | 25657 | 25657 | 26655 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41759192, 17.740%, 8/03/2030 †§x | Achieve | 7/03/2025 | 33336 | 33336 | 34152 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41784030, 19.740%, 8/03/2030 †§x | Achieve | 7/07/2025 | 32306 | 32306 | 34053 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41790572, 12.990%, 8/27/2029 †§x | Achieve | 7/09/2025 | 33707 | 33707 | 33070 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41793624, 19.490%, 8/13/2030 †§x | Achieve | 7/03/2025 | 45759 | 45759 | 48411 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41794706, 18.740%, 8/15/2029 †§x | Achieve | 7/08/2025 | 29137 | 29137 | 30822 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41794752, 16.740%, 8/15/2030 †§x | Achieve | 7/08/2025 | 23783 | 23783 | 24071 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41794824, 16.490%, 6/30/2029 †§x | Achieve | 7/08/2025 | 21775 | 21775 | 22027 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41794831, 15.490%, 6/25/2028 †§x# | Achieve | 7/07/2025 | 28618 | 28618 | 29145 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41794960, 16.740%, 8/12/2030 †§x | Achieve | 7/03/2025 | 20365 | 20365 | 20618 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41794981, 16.240%, 8/10/2029 †§x | Achieve | 7/03/2025 | 40091 | 40091 | 41022 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41794982, 18.240%, 7/29/2029 †§x# | Achieve | 7/03/2025 | 23373 | 23373 | 24139 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41795054, 18.740%, 8/15/2030 †§x | Achieve | 7/08/2025 | 28631 | 28631 | 29893 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41795070, 17.240%, 6/19/2028 †§x | Achieve | 7/08/2025 | 26819 | 26819 | 27460 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41795100, 16.990%, 8/01/2030 †§x | Achieve | 7/03/2025 | 43166 | 43166 | 43678 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41797981, 15.490%, 8/14/2030 †§x | Achieve | 7/08/2025 | 36295 | 36295 | 36033 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41814927, 20.990%, 8/11/2030 †§x | Achieve | 7/03/2025 | 37510 | 37510 | 40546 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41815272, 16.990%, 8/11/2030 †§x | Achieve | 7/03/2025 | 45495 | 45495 | 45916 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41830111, 11.990%, 8/07/2030 †§x | Achieve | 7/07/2025 | 45721 | 45721 | 42869 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41834107, 17.740%, 8/12/2030 †§x | Achieve | 7/03/2025 | 34397 | 34397 | 35399 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41834345, 14.240%, 8/20/2030 †§x | Achieve | 7/07/2025 | 46256 | 46256 | 45077 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41835074, 24.990%, 6/23/2030 †§x | Achieve | 7/08/2025 | 40509 | 40509 | 39563 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41841798, 17.740%, 8/12/2028 †§x | Achieve | 7/03/2025 | 19839 | 19839 | 20736 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41842228, 14.990%, 8/14/2029 †§x | Achieve | 7/07/2025 | 44870 | 44870 | 45177 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41845282, 13.990%, 8/16/2030 †§x | Achieve | 7/09/2025 | 30730 | 30730 | 29810 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41854101, 11.990%, 8/05/2027 †§x | Achieve | 7/07/2025 | 32027 | 32027 | 32264 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41855553, 18.490%, 8/13/2030 †§x | Achieve | 7/03/2025 | 23311 | 23311 | 24284 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41857741, 20.240%, 8/10/2030 †§x | Achieve | 7/08/2025 | 28764 | 28764 | 30673 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41862018, 16.740%, 8/16/2030 †§x | Achieve | 7/03/2025 | 22324 | 22324 | 22632 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41866148, 24.990%, 9/11/2030 †§x | Achieve | 7/03/2025 | 22917 | 22917 | 22322 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41867438, 12.740%, 8/10/2030 †§x | Achieve | 7/03/2025 | 27531 | 27531 | 26162 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41867857, 16.490%, 6/18/2028 †§x | Achieve | 7/03/2025 | 23919 | 23919 | 24395 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41868230, 21.240%, 8/10/2030 †§x | Achieve | 7/03/2025 | 28130 | 28130 | 30506 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41875394, 17.240%, 8/11/2030 †§x | Achieve | 7/03/2025 | 46454 | 46454 | 47414 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41878457, 14.990%, 8/26/2030 †§x | Achieve | 7/09/2025 | 46436 | 46436 | 45805 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41878632, 24.740%, 9/15/2030 †§x | Achieve | 7/07/2025 | 45231 | 45231 | 44163 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41878749, 16.990%, 8/11/2030 †§x | Achieve | 7/03/2025 | 25035 | 25035 | 25453 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41880272, 21.490%, 8/11/2030 †§x | Achieve | 7/03/2025 | 21218 | 21218 | 22867 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41880589, 24.990%, 9/13/2030 †§x | Achieve | 7/03/2025 | 24649 | 24649 | 24042 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41880810, 23.240%, 8/11/2030 †§x | Achieve | 7/03/2025 | 47137 | 47137 | 52732 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41881147, 24.990%, 9/15/2030 †§x# | Achieve | 7/03/2025 | 31057 | 31057 | 30379 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41882717, 21.740%, 8/11/2030 †§x | Achieve | 7/03/2025 | 46971 | 46971 | 43983 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41883619, 24.990%, 9/14/2030 †§x | Achieve | 7/03/2025 | 44562 | 44562 | 43585 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41884228, 21.990%, 8/12/2030 †§x | Achieve | 7/03/2025 | 31136 | 31136 | 33940 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41884726, 20.740%, 9/09/2030 †§x | Achieve | 7/31/2025 | 47399 | 47399 | 51116 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41884930, 19.490%, 8/14/2030 †§x | Achieve | 7/08/2025 | 46746 | 46746 | 49383 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41884936, 17.240%, 8/15/2028 †§x | Achieve | 7/08/2025 | 42560 | 42560 | 44002 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41884965, 18.490%, 9/07/2030 †§x | Achieve | 7/30/2025 | 47197 | 47197 | 49140 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885085, 16.240%, 8/14/2030 †§x | Achieve | 7/07/2025 | 27116 | 27116 | 27245 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885113, 18.990%, 8/14/2029 †§x | Achieve | 7/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22652 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885209, 24.740%, 10/06/2030 †§x | Achieve | 7/29/2025 | 43045 | 43045 | 41883 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**203** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885339, 20.740%, 8/22/2030 †§x | Achieve | 7/07/2025 | $43784 | $43784 | $47285 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885428, 14.740%, 10/03/2028 †§x | Achieve | 8/29/2025 | 23336 | 23336 | 23678 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885518, 24.740%, 9/30/2030 †§x | Achieve | 7/07/2025 | 47869 | 47869 | 46592 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885529, 24.990%, 9/14/2030 †§x | Achieve | 7/07/2025 | 40159 | 40159 | 39323 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41885635, 17.740%, 8/15/2029 †§x | Achieve | 7/08/2025 | 22713 | 22713 | 23516 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41887769, 16.490%, 8/12/2028 †§x | Achieve | 7/03/2025 | 36045 | 36045 | 37213 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41890341, 19.990%, 9/13/2030 †x | Achieve | 7/03/2025 | 31070 | 31070 | 33364 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41890872, 20.740%, 8/12/2030 †§x | Achieve | 7/07/2025 | 29048 | 29048 | 31234 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41892713, 14.490%, 8/15/2029 †§x | Achieve | 7/03/2025 | 23352 | 23352 | 23194 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41892944, 17.240%, 8/13/2030 †§x | Achieve | 7/07/2025 | 29115 | 29115 | 29400 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41894461, 11.990%, 8/12/2029 †§x | Achieve | 7/03/2025 | 31578 | 31578 | 30555 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41900055, 15.740%, 8/16/2029 †§x | Achieve | 7/09/2025 | 33012 | 33012 | 31054 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41900280, 17.490%, 8/13/2030 †§x | Achieve | 7/07/2025 | 44579 | 44579 | 45622 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41902206, 15.490%, 8/13/2030 †§x | Achieve | 7/03/2025 | 46289 | 46289 | 46001 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41902957, 24.240%, 8/22/2030 †§x | Achieve | 7/07/2025 | 28275 | 28275 | 27458 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41902965, 18.990%, 8/13/2029 †§x | Achieve | 7/03/2025 | 28101 | 28101 | 29868 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41903499, 17.740%, 8/14/2030 †§x | Achieve | 7/07/2025 | 24031 | 24031 | 24716 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41903573, 21.490%, 8/13/2030 †§x | Achieve | 7/08/2025 | 20080 | 20080 | 21691 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41904245, 21.990%, 8/15/2030 †§x# | Achieve | 7/08/2025 | 35760 | 35760 | 39202 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41904604, 16.490%, 8/13/2030 †§x | Achieve | 7/03/2025 | 25063 | 25063 | 25303 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41911243, 24.240%, 9/14/2030 †§x# | Achieve | 7/07/2025 | 34300 | 34300 | 33210 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41912450, 18.990%, 8/14/2029 †§x | Achieve | 7/07/2025 | 22938 | 22938 | 24338 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41912981, 24.990%, 9/26/2030 †§x | Achieve | 7/07/2025 | 22548 | 22548 | 22179 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41913205, 19.240%, 8/14/2030 †§x | Achieve | 7/07/2025 | 46653 | 46653 | 48595 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41913337, 18.240%, 8/15/2028 †§x | Achieve | 7/07/2025 | 29833 | 29833 | 31346 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41913824, 22.740%, 8/15/2030 †§x | Achieve | 7/07/2025 | 22767 | 22767 | 25016 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41914087, 24.990%, 9/14/2030 †§x | Achieve | 7/07/2025 | 21145 | 21145 | 20676 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41914497, 14.240%, 8/14/2030 †§x | Achieve | 7/07/2025 | 46132 | 46132 | 44918 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41914553, 23.240%, 8/14/2029 †§x | Achieve | 7/07/2025 | 26459 | 26459 | 27172 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41914598, 24.990%, 9/15/2030 †§x | Achieve | 7/07/2025 | 28464 | 28464 | 27851 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41914902, 11.990%, 8/14/2027 †§x | Achieve | 7/07/2025 | 30417 | 30417 | 30712 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41917105, 21.490%, 8/20/2029 †§x | Achieve | 7/07/2025 | 23344 | 23344 | 23517 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41917324, 16.740%, 8/15/2029 †§x | Achieve | 7/08/2025 | 24380 | 24380 | 24868 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41917579, 9.990%, 8/14/2030 †§x | Achieve | 7/07/2025 | 35489 | 35489 | 32292 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41918581, 17.240%, 8/01/2029 †§x | Achieve | 7/09/2025 | 38048 | 38048 | 38861 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41918668, 13.990%, 8/15/2030 †§x | Achieve | 7/08/2025 | 46101 | 46101 | 44715 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41920182, 18.990%, 8/15/2027 †§x | Achieve | 7/08/2025 | 24142 | 24142 | 23978 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41920550, 14.740%, 8/16/2030 †§x | Achieve | 7/09/2025 | 32337 | 32337 | 31722 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41922115, 14.740%, 8/15/2030 †§x | Achieve | 7/08/2025 | 23573 | 23573 | 23136 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41924163, 15.490%, 8/16/2030 †§x | Achieve | 7/08/2025 | 29876 | 29876 | 29683 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41927113, 17.740%, 8/15/2030 †§x# | Achieve | 7/09/2025 | 39659 | 39659 | 40776 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41927161, 13.490%, 8/15/2030 †§x | Achieve | 7/08/2025 | 41293 | 41293 | 39736 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41927364, 24.990%, 9/15/2030 †§x | Achieve | 7/08/2025 | 32233 | 32233 | 31530 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41927405, 17.490%, 8/15/2028 †§x | Achieve | 7/08/2025 | 42592 | 42592 | 44142 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41927659, 17.990%, 8/16/2029 †§x | Achieve | 7/09/2025 | 44919 | 44919 | 47049 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41927950, 21.240%, 8/15/2030 †§x | Achieve | 7/08/2025 | 37739 | 37739 | 40658 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41929780, 9.990%, 8/15/2030 †§x | Achieve | 7/08/2025 | 24993 | 24993 | 22741 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41931913, 17.490%, 6/30/2030 †§x | Achieve | 7/08/2025 | 45503 | 45503 | 46303 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41932910, 21.490%, 8/04/2030 †§x | Achieve | 7/08/2025 | 30625 | 30625 | 32804 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41933331, 17.240%, 8/16/2030 †§x | Achieve | 7/09/2025 | 27320 | 27320 | 27891 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41944315, 24.740%, 9/16/2030 †§x# | Achieve | 7/09/2025 | 28220 | 28220 | 27543 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41945164, 13.740%, 8/16/2029 †§x | Achieve | 7/09/2025 | 22860 | 22860 | 22642 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41947291, 12.740%, 9/01/2029 †§x | Achieve | 7/31/2025 | 20944 | 20944 | 20411 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41954808, 20.240%, 3/22/2030 †§x | Achieve | 2/10/2026 | 28300 | 28300 | 28291 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41955593, 13.990%, 10/06/2028 †x | Achieve | 7/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33615 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-41998015, 20.240%, 9/04/2029 †§x | Achieve | 7/30/2025 | 33707 | 33707 | 36058 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**204** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050077, 16.740%, 9/06/2028 †§x | Achieve | 7/29/2025 | $43651 | $43651 | $45187 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050336, 16.740%, 7/15/2030 †§x# | Achieve | 7/31/2025 | 27953 | 27953 | 28112 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050647, 18.490%, 7/28/2030 †§x | Achieve | 7/31/2025 | 46278 | 46278 | 47887 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050692, 15.240%, 3/20/2030 †§x | Achieve | 2/09/2026 | 50000 | 50000 | 50009 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050782, 18.240%, 11/10/2028 †§x | Achieve | 10/02/2025 | 31286 | 31286 | 32986 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050881, 22.240%, 9/05/2030 †§x# | Achieve | 7/29/2025 | 46785 | 46785 | 51022 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050976, 23.740%, 7/23/2030 †§x# | Achieve | 7/29/2025 | 35437 | 35437 | 34059 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42050999, 16.990%, 11/05/2030 †§x | Achieve | 10/02/2025 | 27433 | 27433 | 27945 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42077909, 9.990%, 8/28/2030 †§x | Achieve | 7/31/2025 | 22696 | 22696 | 20596 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42081147, 24.990%, 8/28/2030 †§x | Achieve | 7/30/2025 | 35926 | 35926 | 34747 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42085139, 15.990%, 9/05/2029 †§x | Achieve | 7/31/2025 | 21474 | 21474 | 21703 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42099440, 22.740%, 8/30/2029 †§x | Achieve | 7/31/2025 | 31241 | 31241 | 31779 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42100425, 20.240%, 9/18/2030 †§x | Achieve | 7/29/2025 | 27208 | 27208 | 29031 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42104529, 21.240%, 8/31/2029 †§x | Achieve | 7/31/2025 | 22721 | 22721 | 22758 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42131617, 24.240%, 9/07/2029 †§x | Achieve | 7/30/2025 | 22108 | 22108 | 22969 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42131633, 24.240%, 7/20/2029 †§x | Achieve | 7/31/2025 | 24549 | 24549 | 25454 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42131668, 20.740%, 7/22/2030 †§x | Achieve | 7/29/2025 | 23603 | 23603 | 25181 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42131681, 16.990%, 8/31/2030 †§x | Achieve | 7/30/2025 | 45261 | 45261 | 45899 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42131729, 15.240%, 7/16/2028 †§x | Achieve | 7/31/2025 | 24294 | 24294 | 24506 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42131902, 14.990%, 7/20/2029 †§x | Achieve | 7/31/2025 | 25797 | 25797 | 25862 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42131940, 16.990%, 10/06/2030 †§x | Achieve | 8/28/2025 | 35591 | 35591 | 36241 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132012, 11.990%, 7/15/2027 †§x | Achieve | 7/29/2025 | 24745 | 24745 | 24894 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132087, 16.990%, 9/06/2027 †§x | Achieve | 7/29/2025 | 25482 | 25482 | 26620 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132133, 16.990%, 8/31/2030 †§x# | Achieve | 7/29/2025 | 31847 | 31847 | 32273 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132161, 21.740%, 9/08/2029 †§x | Achieve | 7/31/2025 | 46089 | 46089 | 46694 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132463, 19.490%, 9/30/2030 †§x | Achieve | 7/30/2025 | 31519 | 31519 | 33467 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132593, 16.990%, 9/06/2030 †§x | Achieve | 7/29/2025 | 45621 | 45621 | 46381 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132596, 12.990%, 7/15/2028 †§x | Achieve | 7/31/2025 | 29915 | 29915 | 29683 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42132624, 12.990%, 9/05/2028 †§x | Achieve | 7/31/2025 | 32946 | 32946 | 32818 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42149226, 23.490%, 9/19/2030 †§x | Achieve | 7/30/2025 | 46199 | 46199 | 51908 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42155171, 14.240%, 9/07/2030 †§x | Achieve | 7/30/2025 | 26573 | 26573 | 25861 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42161911, 19.490%, 9/04/2029 †§x | Achieve | 8/01/2025 | 40636 | 40636 | 42882 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42162101, 15.240%, 9/04/2028 †§x | Achieve | 7/29/2025 | 26858 | 26858 | 27185 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42165026, 13.990%, 9/11/2030 †§x | Achieve | 8/01/2025 | 46708 | 46708 | 45317 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42172347, 9.990%, 9/07/2030 †§x | Achieve | 7/31/2025 | 46206 | 46206 | 41969 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42173443, 15.490%, 9/05/2028 †§x | Achieve | 7/31/2025 | 24913 | 24913 | 25282 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42175234, 16.240%, 9/07/2030 †§x | Achieve | 7/30/2025 | 46956 | 46956 | 47181 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42175312, 13.990%, 9/28/2030 †x | Achieve | 7/29/2025 | 27147 | 27147 | 26316 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42175735, 17.240%, 9/05/2030 †§x | Achieve | 7/31/2025 | 22900 | 22900 | 23349 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42176624, 24.990%, 9/20/2030 †§x | Achieve | 7/30/2025 | 46411 | 46411 | 45346 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42180728, 23.490%, 7/15/2030 †§x | Achieve | 7/30/2025 | 26914 | 26914 | 25703 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42181002, 12.990%, 9/05/2029 †§x | Achieve | 7/29/2025 | 25338 | 25338 | 24818 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42185904, 11.990%, 9/07/2030 †§x | Achieve | 7/30/2025 | 29985 | 29985 | 28142 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42190666, 21.240%, 9/06/2030 †§x | Achieve | 7/31/2025 | 29360 | 29360 | 31855 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42192241, 16.740%, 8/24/2030 †§x# | Achieve | 7/29/2025 | 44484 | 44484 | 44919 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42192435, 19.490%, 9/06/2030 †§x | Achieve | 7/30/2025 | 21572 | 21572 | 22520 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42192909, 24.990%, 10/06/2030 †§x | Achieve | 7/29/2025 | 23926 | 23926 | 23324 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42194018, 17.240%, 9/07/2030 †§x | Achieve | 7/30/2025 | 30361 | 30361 | 30993 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42195504, 14.990%, 9/07/2030 †§x | Achieve | 7/31/2025 | 37251 | 37251 | 36665 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42195534, 24.990%, 10/22/2030 †§x | Achieve | 7/30/2025 | 31145 | 31145 | 30609 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42195786, 9.990%, 7/23/2030 †§x# | Achieve | 7/30/2025 | 42790 | 42790 | 38847 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42199441, 24.990%, 10/07/2030 †§x# | Achieve | 7/30/2025 | 25804 | 25804 | 25163 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42201692, 15.490%, 9/07/2030 †§x | Achieve | 7/30/2025 | 31874 | 31874 | 31647 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42202801, 23.240%, 9/28/2030 †§x# | Achieve | 7/30/2025 | 43811 | 43811 | 49832 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42202994, 11.990%, 9/07/2030 †§x | Achieve | 7/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30575 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42204595, 13.490%, 9/08/2029 †§x | Achieve | 7/31/2025 | 30616 | 30616 | 30208 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**205** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42205024, 12.990%, 9/07/2028 †§x# | Achieve | 7/30/2025 | $40103 | $40103 | $39980 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42206623, 18.990%, 9/03/2029 †§x | Achieve | 7/31/2025 | 45816 | 45816 | 48548 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42209963, 18.490%, 9/07/2029 †§x | Achieve | 7/31/2025 | 27390 | 27390 | 28910 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42210113, 16.990%, 7/15/2029 †§x# | Achieve | 7/30/2025 | 39072 | 39072 | 39820 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42210295, 19.240%, 7/20/2030 †§x | Achieve | 7/31/2025 | 46136 | 46136 | 48004 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42211126, 22.740%, 9/08/2028 †§x# | Achieve | 7/31/2025 | 23945 | 23945 | 24424 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42216558, 19.740%, 9/08/2030 †§x | Achieve | 7/31/2025 | 22311 | 22311 | 23676 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42217080, 18.990%, 7/11/2029 †§x | Achieve | 7/31/2025 | 23972 | 23972 | 25083 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42217274, 15.740%, 9/08/2030 †§x | Achieve | 7/31/2025 | 46866 | 46866 | 46693 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42217742, 14.990%, 9/08/2030 †§x | Achieve | 8/01/2025 | 46754 | 46754 | 46045 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42217778, 15.490%, 9/08/2030 †§x | Achieve | 7/31/2025 | 29125 | 29125 | 28906 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42218824, 12.990%, 9/08/2029 †§x | Achieve | 7/31/2025 | 22651 | 22651 | 22197 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42219761, 13.490%, 9/10/2030 †§x | Achieve | 8/01/2025 | 25081 | 25081 | 24130 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42221258, 13.990%, 9/08/2030 †§x# | Achieve | 7/31/2025 | 45400 | 45400 | 44002 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42221306, 11.990%, 9/10/2030 †§x | Achieve | 8/01/2025 | 38392 | 38392 | 36049 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42221480, 18.240%, 9/08/2029 †§x# | Achieve | 8/01/2025 | 20840 | 20840 | 21903 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42222683, 18.990%, 10/01/2029 †§x | Achieve | 8/28/2025 | 46586 | 46586 | 49508 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42223566, 15.740%, 7/17/2028 †§x# | Achieve | 7/31/2025 | 25808 | 25808 | 26306 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42228136, 17.240%, 9/10/2029 †§x# | Achieve | 8/01/2025 | 19709 | 19709 | 20479 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42230143, 17.240%, 9/05/2029 †§x | Achieve | 8/01/2025 | 20386 | 20386 | 21122 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42230429, 14.240%, 9/10/2029 †§x | Achieve | 8/01/2025 | 37101 | 37101 | 37014 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42231115, 19.490%, 9/10/2030 †§x | Achieve | 8/01/2025 | 23243 | 23243 | 24603 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42231692, 24.990%, 10/09/2030 †§x | Achieve | 8/01/2025 | 25512 | 25512 | 24824 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42232473, 23.990%, 10/11/2030 †§x | Achieve | 8/01/2025 | 32092 | 32092 | 30914 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42232605, 20.740%, 9/12/2030 †§x | Achieve | 8/01/2025 | 43417 | 43417 | 46547 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42233776, 16.240%, 9/21/2030 †§x | Achieve | 8/01/2025 | 47189 | 47189 | 47501 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42234806, 11.990%, 9/10/2030 †§x | Achieve | 8/01/2025 | 26392 | 26392 | 24781 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42239758, 19.990%, 9/11/2030 †§x | Achieve | 8/01/2025 | 47353 | 47353 | 49996 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42241173, 14.240%, 9/05/2029 †§x | Achieve | 8/01/2025 | 23760 | 23760 | 23457 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42247315, 13.990%, 9/11/2030 †§x | Achieve | 8/01/2025 | 25665 | 25665 | 24900 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42250570, 17.490%, 9/16/2029 †§x | Achieve | 8/01/2025 | 45961 | 45961 | 47540 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42253053, 20.740%, 9/13/2030 †§x | Achieve | 8/01/2025 | 42743 | 42743 | 46182 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42253207, 20.740%, 8/30/2030 †§x | Achieve | 8/01/2025 | 37192 | 37192 | 39547 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42327169, 16.990%, 10/08/2030 †§x | Achieve | 9/02/2025 | 32579 | 32579 | 32935 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42354563, 18.740%, 10/10/2029 †§x | Achieve | 9/02/2025 | 20760 | 20760 | 21891 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42377027, 21.240%, 10/05/2029 †§x | Achieve | 8/29/2025 | 45743 | 45743 | 46077 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42395265, 18.740%, 3/17/2031 †§x | Achieve | 2/05/2026 | 45700 | 45700 | 45685 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42395330, 15.990%, 10/05/2030 †§x | Achieve | 8/28/2025 | 32965 | 32965 | 33019 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42427523, 11.490%, 10/08/2029 †§x | Achieve | 8/29/2025 | 22012 | 22012 | 21153 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42445155, 19.490%, 10/07/2030 †§x | Achieve | 8/29/2025 | 22742 | 22742 | 24105 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42455205, 13.490%, 10/02/2030 †§x | Achieve | 9/02/2025 | 22155 | 22155 | 21261 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42456171, 16.490%, 9/27/2030 †§x | Achieve | 8/29/2025 | 29037 | 29037 | 29195 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42469859, 14.990%, 10/08/2029 †§x | Achieve | 8/29/2025 | 25641 | 25641 | 25843 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42480612, 23.990%, 11/06/2030 †§x | Achieve | 8/28/2025 | 27670 | 27670 | 26553 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42480844, 16.740%, 10/10/2030 †§x | Achieve | 8/29/2025 | 34531 | 34531 | 35051 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42481306, 13.990%, 10/06/2028 †§x | Achieve | 8/28/2025 | 28000 | 28000 | 28226 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42481388, 15.990%, 10/05/2030 †§x | Achieve | 8/28/2025 | 33124 | 33124 | 33177 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42481441, 16.990%, 10/06/2030 †§x# | Achieve | 8/29/2025 | 29883 | 29883 | 30207 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42481629, 17.490%, 10/06/2030 †§x | Achieve | 8/28/2025 | 41804 | 41804 | 42883 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42481652, 22.490%, 10/08/2029 †§x | Achieve | 8/29/2025 | 40391 | 40391 | 41382 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42481683, 19.490%, 10/09/2030 †§x | Achieve | 8/29/2025 | 35441 | 35441 | 37318 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42481850, 22.990%, 10/03/2030 †§x | Achieve | 8/29/2025 | 31465 | 31465 | 35150 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42489728, 23.990%, 11/10/2030 †§x | Achieve | 9/02/2025 | 25087 | 25087 | 24110 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42491429, 21.740%, 10/02/2030 †§x | Achieve | 8/28/2025 | 28345 | 28345 | 30599 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42492143, 23.990%, 10/06/2030 †§x | Achieve | 8/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23659 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42495317, 16.240%, 10/05/2030 †§x | Achieve | 8/29/2025 | 37961 | 37961 | 38165 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**206** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42503847, 13.990%, 10/04/2028 †§x | Achieve | 8/29/2025 | $27550 | $27550 | $27748 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42511784, 23.240%, 10/01/2030 †§x | Achieve | 8/29/2025 | 23122 | 23122 | 21971 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42529735, 23.990%, 11/08/2030 †§x | Achieve | 8/29/2025 | 23905 | 23905 | 22965 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42534140, 20.740%, 8/19/2029 †§x | Achieve | 8/29/2025 | 29939 | 29939 | 32070 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42534210, 17.240%, 10/06/2030 †§x | Achieve | 8/29/2025 | 33866 | 33866 | 34614 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42535331, 17.240%, 10/06/2030 †§x | Achieve | 8/29/2025 | 46139 | 46139 | 47158 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42535514, 22.240%, 10/06/2030 †§x | Achieve | 8/29/2025 | 47995 | 47995 | 52668 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42548021, 24.990%, 10/06/2030 †§x | Achieve | 8/29/2025 | 48220 | 48220 | 47075 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42548645, 17.740%, 10/05/2029 †§x | Achieve | 8/29/2025 | 46072 | 46072 | 48218 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42549354, 14.740%, 10/11/2030 †§x# | Achieve | 9/02/2025 | 21647 | 21647 | 21269 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42552401, 14.740%, 10/05/2028 †§x | Achieve | 8/29/2025 | 24044 | 24044 | 24415 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42553094, 11.990%, 9/27/2027 †§x | Achieve | 8/29/2025 | 32634 | 32634 | 32939 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42553413, 24.740%, 8/15/2030 †§x | Achieve | 8/29/2025 | 21868 | 21868 | 21201 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42554151, 20.740%, 10/06/2029 †§x | Achieve | 8/28/2025 | 35249 | 35249 | 38075 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42560992, 15.990%, 10/06/2030 †§x | Achieve | 8/28/2025 | 34583 | 34583 | 34653 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42561705, 24.990%, 11/07/2030 †§x | Achieve | 8/28/2025 | 21152 | 21152 | 20671 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42562798, 24.990%, 11/06/2030 †§x | Achieve | 8/28/2025 | 48159 | 48159 | 47103 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42562882, 17.990%, 10/06/2030 †§x | Achieve | 8/29/2025 | 44773 | 44773 | 45846 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42563734, 22.240%, 9/30/2030 †§x | Achieve | 8/28/2025 | 38831 | 38831 | 42759 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42564509, 23.240%, 10/01/2030 †§x | Achieve | 8/29/2025 | 47905 | 47905 | 53047 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42564610, 22.990%, 10/09/2030 †§x | Achieve | 8/29/2025 | 24331 | 24331 | 23211 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42564617, 16.990%, 10/09/2030 †§x | Achieve | 9/02/2025 | 40898 | 40898 | 41644 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42564811, 21.490%, 10/09/2030 †§x | Achieve | 8/29/2025 | 48027 | 48027 | 52028 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42564846, 24.240%, 10/09/2029 †§x | Achieve | 9/02/2025 | 47234 | 47234 | 49312 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42564877, 16.740%, 10/28/2028 †§x | Achieve | 9/02/2025 | 43086 | 43086 | 44454 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42565217, 23.990%, 11/09/2030 †§x | Achieve | 8/29/2025 | 28605 | 28605 | 27579 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42565295, 16.990%, 8/19/2030 †§x | Achieve | 8/29/2025 | 20942 | 20942 | 21027 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42565897, 17.240%, 10/07/2030 †§x | Achieve | 8/28/2025 | 40662 | 40662 | 41528 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42566669, 19.240%, 9/28/2030 †§x | Achieve | 8/28/2025 | 46340 | 46340 | 48242 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42567369, 20.990%, 10/07/2030 †§x | Achieve | 8/29/2025 | 27102 | 27102 | 29329 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42567523, 23.740%, 8/15/2030 †§x | Achieve | 8/28/2025 | 30960 | 30960 | 29610 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42568008, 16.490%, 10/01/2030 †§x | Achieve | 8/29/2025 | 22601 | 22601 | 22502 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42569549, 17.740%, 10/07/2030 †§x | Achieve | 8/29/2025 | 28200 | 28200 | 29049 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42570268, 20.990%, 10/05/2030 †§x | Achieve | 8/29/2025 | 45467 | 45467 | 49260 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42572247, 16.990%, 10/07/2030 †§x | Achieve | 8/29/2025 | 47567 | 47567 | 48444 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42572618, 9.990%, 8/15/2030 †§x | Achieve | 8/29/2025 | 34909 | 34909 | 32222 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42573566, 21.990%, 10/05/2029 †§x | Achieve | 9/02/2025 | 20642 | 20642 | 20953 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42574053, 12.490%, 10/07/2030 †§x | Achieve | 9/02/2025 | 45558 | 45558 | 43081 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42574292, 20.240%, 9/28/2029 †§x | Achieve | 8/29/2025 | 29556 | 29556 | 29290 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42574811, 24.990%, 11/07/2030 †§x | Achieve | 8/29/2025 | 48256 | 48256 | 47005 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42579667, 24.990%, 11/08/2030 †§x | Achieve | 8/29/2025 | 38462 | 38462 | 37603 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42579982, 14.990%, 10/09/2030 †§x | Achieve | 8/29/2025 | 22736 | 22736 | 22436 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42582493, 24.990%, 11/09/2030 †§x | Achieve | 8/29/2025 | 25981 | 25981 | 25342 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42584951, 14.740%, 10/15/2030 †§x | Achieve | 9/02/2025 | 28043 | 28043 | 27551 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42587437, 17.240%, 9/29/2030 †§x | Achieve | 8/29/2025 | 45175 | 45175 | 46046 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42587685, 14.990%, 10/09/2030 †§x | Achieve | 8/29/2025 | 46921 | 46921 | 46303 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42588112, 24.490%, 11/09/2030 †§x | Achieve | 8/29/2025 | 26529 | 26529 | 25803 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42589584, 24.990%, 11/09/2030 †§x | Achieve | 8/29/2025 | 30351 | 30351 | 29605 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42591683, 20.990%, 10/10/2030 †§x | Achieve | 9/02/2025 | 22672 | 22672 | 24605 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42592149, 24.240%, 10/10/2029 †§x | Achieve | 9/02/2025 | 21271 | 21271 | 22222 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42593982, 14.240%, 10/09/2030 †§x# | Achieve | 8/29/2025 | 25607 | 25607 | 24962 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42595305, 24.990%, 11/20/2030 †§x | Achieve | 8/29/2025 | 25446 | 25446 | 24940 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42595309, 17.990%, 10/09/2029 †§x | Achieve | 8/29/2025 | 31067 | 31067 | 32438 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42597586, 16.990%, 10/10/2028 †§x | Achieve | 9/02/2025 | 25024 | 25024 | 25880 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42601117, 24.990%, 11/15/2030 †§x | Achieve | 9/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21650 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42602556, 24.740%, 11/15/2030 †§x | Achieve | 9/02/2025 | 27675 | 27675 | 27136 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**207** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42604044, 12.990%, 10/10/2029 †§x | Achieve | 9/02/2025 | $30789 | $30789 | $30205 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42628688, 17.740%, 11/09/2030 †§x | Achieve | 10/03/2025 | 32664 | 32664 | 33716 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42642084, 17.990%, 11/28/2029 †§x | Achieve | 10/02/2025 | 42493 | 42493 | 44728 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42715990, 10.740%, 3/15/2031 †§x | Achieve | 2/09/2026 | 31503 | 31503 | 31458 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42716922, 14.740%, 11/10/2029 †§x | Achieve | 10/02/2025 | 22678 | 22678 | 22837 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42740684, 23.740%, 11/10/2030 †§x | Achieve | 10/02/2025 | 42723 | 42723 | 41209 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42794676, 23.240%, 11/13/2029 †§x | Achieve | 10/03/2025 | 45163 | 45163 | 46764 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42811119, 19.990%, 11/10/2030 †§x | Achieve | 10/02/2025 | 21096 | 21096 | 22601 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42902993, 15.490%, 11/10/2029 †§x | Achieve | 10/03/2025 | 32372 | 32372 | 32940 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42903068, 18.240%, 11/05/2030 †§x | Achieve | 10/02/2025 | 48075 | 48075 | 49894 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42903140, 19.990%, 11/05/2029 †§x | Achieve | 10/02/2025 | 22495 | 22495 | 24124 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42903143, 17.240%, 11/10/2030 †§x | Achieve | 10/02/2025 | 47363 | 47363 | 48261 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42903572, 20.990%, 11/25/2030 †§x | Achieve | 10/02/2025 | 26902 | 26902 | 29487 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42904078, 23.990%, 11/10/2030 †§x | Achieve | 10/02/2025 | 22843 | 22843 | 22087 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42912023, 19.240%, 11/10/2029 †§x | Achieve | 10/02/2025 | 27534 | 27534 | 27115 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42912857, 16.740%, 11/01/2028 †§x | Achieve | 10/02/2025 | 45672 | 45672 | 47339 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42936543, 23.490%, 11/10/2030 †§x | Achieve | 10/02/2025 | 23828 | 23828 | 22989 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42952471, 18.740%, 9/20/2030 †§x | Achieve | 10/02/2025 | 27375 | 27375 | 28264 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42956550, 23.990%, 11/03/2030 †§x | Achieve | 10/02/2025 | 29900 | 29900 | 28814 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42963398, 15.740%, 11/08/2028 †§x | Achieve | 10/02/2025 | 35196 | 35196 | 36199 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42964599, 16.990%, 11/10/2030 †§x | Achieve | 10/03/2025 | 46519 | 46519 | 47198 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42968364, 20.990%, 11/05/2030 †§x | Achieve | 10/02/2025 | 48263 | 48263 | 52071 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42969010, 22.240%, 11/09/2030 †§x | Achieve | 10/02/2025 | 48469 | 48469 | 53800 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42975647, 23.990%, 11/09/2030 †§x | Achieve | 10/03/2025 | 30781 | 30781 | 29661 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42976283, 23.740%, 11/09/2030 †§x | Achieve | 10/02/2025 | 36555 | 36555 | 35232 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42978757, 14.240%, 11/10/2030 †§x | Achieve | 10/02/2025 | 47902 | 47902 | 46735 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42979755, 24.990%, 10/30/2030 †§x | Achieve | 10/02/2025 | 26757 | 26757 | 25924 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42981468, 21.240%, 9/20/2030 †§x | Achieve | 10/02/2025 | 46754 | 46754 | 50146 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42981754, 18.990%, 11/09/2029 †§x | Achieve | 10/02/2025 | 37835 | 37835 | 40431 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42982238, 24.990%, 12/30/2030 †§x | Achieve | 10/02/2025 | 44593 | 44593 | 44375 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42984289, 10.990%, 9/16/2028 †§x | Achieve | 10/02/2025 | 20906 | 20906 | 20339 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42989098, 19.740%, 9/18/2029 †§x | Achieve | 10/02/2025 | 34976 | 34976 | 37344 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42990745, 24.490%, 11/10/2030 †§x | Achieve | 10/02/2025 | 36380 | 36380 | 35481 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42990892, 16.740%, 11/10/2028 †§x | Achieve | 10/02/2025 | 45887 | 45887 | 47742 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42991659, 24.990%, 12/10/2030 †§x | Achieve | 10/02/2025 | 21423 | 21423 | 21021 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42992428, 19.740%, 9/25/2030 †§x | Achieve | 10/02/2025 | 30304 | 30304 | 31930 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42992566, 19.740%, 9/25/2030 †§x | Achieve | 10/02/2025 | 47350 | 47350 | 50183 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42992682, 19.490%, 11/11/2030 †§x | Achieve | 10/02/2025 | 48329 | 48329 | 51416 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42993242, 19.240%, 11/12/2030 †§x | Achieve | 10/03/2025 | 48310 | 48310 | 50873 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42994879, 16.990%, 11/04/2029 †§x | Achieve | 10/02/2025 | 43494 | 43494 | 45117 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42995175, 20.740%, 11/10/2029 †§x | Achieve | 10/03/2025 | 46511 | 46511 | 50520 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42995290, 23.490%, 9/16/2030 †§x | Achieve | 10/03/2025 | 32229 | 32229 | 30667 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42997315, 20.990%, 11/10/2030 †§x | Achieve | 10/02/2025 | 48404 | 48404 | 52371 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-42999801, 14.990%, 9/18/2030 †§x | Achieve | 10/03/2025 | 32805 | 32805 | 32147 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43002665, 17.990%, 11/11/2029 †§x | Achieve | 10/03/2025 | 23688 | 23688 | 24979 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43004176, 14.240%, 9/15/2030 †§x | Achieve | 10/03/2025 | 22120 | 22120 | 21395 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43004503, 12.490%, 11/13/2030 †§x | Achieve | 10/03/2025 | 41775 | 41775 | 39611 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43005310, 14.990%, 11/12/2029 †§x# | Achieve | 10/03/2025 | 26738 | 26738 | 26788 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43005399, 20.990%, 11/06/2030 †§x | Achieve | 10/03/2025 | 30789 | 30789 | 33142 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43006259, 24.990%, 11/05/2030 †§x | Achieve | 10/03/2025 | 27822 | 27822 | 27128 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43011087, 23.490%, 11/12/2030 †§x | Achieve | 10/03/2025 | 31020 | 31020 | 29803 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43014803, 16.240%, 11/12/2030 †§x | Achieve | 10/03/2025 | 42922 | 42922 | 43287 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43014842, 18.990%, 11/13/2030 †§x | Achieve | 10/03/2025 | 40587 | 40587 | 42861 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43015016, 9.990%, 11/12/2030 †§x | Achieve | 10/03/2025 | 32348 | 32348 | 29393 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43015912, 24.990%, 11/12/2030 †§x# | Achieve | 10/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33731 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43017230, 13.990%, 11/12/2028 †§x | Achieve | 10/03/2025 | 22840 | 22840 | 22955 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**208** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43022782, 24.240%, 11/13/2030 †§x | Achieve | 10/03/2025 | $28640 | $28640 | $27876 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43024945, 19.490%, 11/13/2030 †§x | Achieve | 10/03/2025 | 28859 | 28859 | 30725 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43026056, 18.740%, 11/14/2029 †§x | Achieve | 10/03/2025 | 34490 | 34490 | 36724 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43499977, 21.490%, 3/20/2030 †§x | Achieve | 2/09/2026 | 21100 | 21100 | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-43827583, 15.490%, 1/22/2031 †§x | Achieve | 12/12/2025 | 28920 | 28920 | 28922 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44000647, 13.240%, 3/19/2030 †§x | Achieve | 2/09/2026 | 41800 | 41800 | 41822 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44001198, 22.740%, 1/22/2031 †§x | Achieve | 12/12/2025 | 47768 | 47768 | 53800 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44010860, 14.990%, 1/22/2030 †§x | Achieve | 12/12/2025 | 29251 | 29251 | 29639 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44021471, 11.490%, 1/21/2030 †§x | Achieve | 12/15/2025 | 48534 | 48534 | 46768 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44037932, 11.740%, 1/22/2029 †§x | Achieve | 12/12/2025 | 23944 | 23944 | 23735 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44043288, 8.490%, 1/22/2028 †§x | Achieve | 12/15/2025 | 46303 | 46303 | 45740 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44057291, 12.990%, 1/23/2031 †§x | Achieve | 12/15/2025 | 49056 | 49056 | 47087 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44058848, 9.740%, 1/24/2029 †§x | Achieve | 12/15/2025 | 25151 | 25151 | 24343 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44207181, 19.240%, 3/17/2029 †§x | Achieve | 2/06/2026 | 29000 | 29000 | 28955 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44207448, 16.490%, 3/07/2031 †§x | Achieve | 1/27/2026 | 50000 | 50000 | 49976 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44266754, 12.990%, 3/22/2030 †§x | Achieve | 2/10/2026 | 23062 | 23062 | 23091 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44266925, 18.740%, 3/18/2031 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 49994 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44349373, 18.490%, 3/22/2030 †§x | Achieve | 2/10/2026 | 34800 | 34800 | 34802 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44349895, 11.490%, 3/23/2029 †§x | Achieve | 2/12/2026 | 36303 | 36303 | 36342 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44349908, 10.740%, 3/16/2031 †§x | Achieve | 2/05/2026 | 50000 | 50000 | 49976 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44350175, 22.990%, 3/15/2030 †§x | Achieve | 2/03/2026 | 23732 | 23732 | 23699 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44429831, 13.740%, 3/07/2030 †§x | Achieve | 1/27/2026 | 44000 | 44000 | 43988 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44446786, 15.490%, 2/04/2030 †§x | Achieve | 2/10/2026 | 23843 | 23843 | 23685 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44447675, 21.740%, 3/21/2030 †§x | Achieve | 2/10/2026 | 37089 | 37089 | 37084 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44458451, 11.240%, 3/07/2028 †§x | Achieve | 1/27/2026 | 22131 | 22131 | 22128 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44505993, 24.740%, 3/10/2031 †§x | Achieve | 2/03/2026 | 22136 | 22136 | 21987 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44515190, 18.240%, 3/07/2031 †§x | Achieve | 1/27/2026 | 47489 | 47489 | 47355 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44527228, 12.990%, 1/20/2031 †§x | Achieve | 1/27/2026 | 31800 | 31800 | 31599 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539709, 17.240%, 3/05/2030 †§x | Achieve | 1/27/2026 | 28971 | 28971 | 28838 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539731, 12.240%, 2/02/2029 †§x | Achieve | 2/06/2026 | 20421 | 20421 | 20315 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539732, 11.240%, 2/26/2030 †§x | Achieve | 1/27/2026 | 41099 | 41099 | 41051 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539828, 8.490%, 3/07/2028 †§x | Achieve | 1/27/2026 | 46346 | 46346 | 46357 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539858, 13.990%, 3/07/2029 †§x | Achieve | 1/27/2026 | 38584 | 38584 | 38450 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539891, 23.740%, 4/06/2031 †§x | Achieve | 1/27/2026 | 34900 | 34900 | 34599 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539917, 16.740%, 3/07/2031 †§x | Achieve | 1/27/2026 | 35163 | 35163 | 35083 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44539927, 19.490%, 3/18/2031 †§x | Achieve | 2/10/2026 | 39554 | 39554 | 39559 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540088, 10.740%, 2/26/2029 †§x | Achieve | 1/27/2026 | 25971 | 25971 | 25945 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540163, 11.990%, 3/16/2030 †§x | Achieve | 2/06/2026 | 24267 | 24267 | 24267 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540277, 14.490%, 3/07/2031 †§x | Achieve | 1/27/2026 | 49459 | 49459 | 49420 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540280, 12.240%, 3/17/2030 †§x | Achieve | 2/05/2026 | 32805 | 32805 | 32825 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540331, 24.740%, 4/13/2031 †§x | Achieve | 2/03/2026 | 31000 | 31000 | 30853 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540447, 11.990%, 2/26/2031 †§x | Achieve | 1/27/2026 | 20261 | 20261 | 20235 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540536, 12.990%, 3/07/2031 †§x | Achieve | 1/27/2026 | 27379 | 27379 | 27347 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540686, 16.240%, 3/20/2030 †§x | Achieve | 2/09/2026 | 38706 | 38706 | 38709 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44540696, 19.740%, 3/20/2029 †§x | Achieve | 2/09/2026 | 41900 | 41900 | 41871 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44561465, 11.740%, 3/06/2031 †§x | Achieve | 1/27/2026 | 25000 | 25000 | 24958 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44562832, 12.740%, 3/13/2031 †§x | Achieve | 2/06/2026 | 22085 | 22085 | 22056 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44566962, 24.740%, 1/21/2031 †§x | Achieve | 1/27/2026 | 38654 | 38654 | 38124 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44569177, 12.740%, 3/05/2030 †§x | Achieve | 1/27/2026 | 22000 | 22000 | 21975 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44573685, 12.740%, 2/25/2030 †§x | Achieve | 1/27/2026 | 24629 | 24629 | 24588 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44578532, 17.490%, 3/07/2030 †§x# | Achieve | 1/27/2026 | 21320 | 21320 | 21229 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44580845, 12.740%, 2/28/2031 †§x | Achieve | 1/27/2026 | 25847 | 25847 | 25755 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44580961, 19.240%, 3/06/2030 †§x | Achieve | 1/27/2026 | 25900 | 25900 | 25768 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44581715, 20.490%, 3/17/2030 †§x | Achieve | 2/06/2026 | 26000 | 26000 | 25949 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44581811, 13.490%, 3/06/2028 †§x | Achieve | 1/27/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23474 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44582015, 20.740%, 3/06/2031 †§x | Achieve | 1/27/2026 | 21388 | 21388 | 21258 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**209** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44582608, 13.990%, 3/06/2031 †§x | Achieve | 1/27/2026 | $26000 | $26000 | $25961 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44593341, 12.240%, 3/07/2031 †§x | Achieve | 1/27/2026 | 27637 | 27637 | 27601 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44595416, 17.240%, 3/07/2031 †§x | Achieve | 1/27/2026 | 40000 | 40000 | 39880 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44596099, 13.740%, 3/07/2030 †§x | Achieve | 1/27/2026 | 45210 | 45210 | 45197 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44598441, 17.490%, 3/07/2030 †§x | Achieve | 1/27/2026 | 27458 | 27458 | 27358 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44599027, 20.240%, 3/07/2029 †§x | Achieve | 1/27/2026 | 33353 | 33353 | 33221 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44601311, 18.240%, 3/07/2030 †§x | Achieve | 1/27/2026 | 23547 | 23547 | 23457 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44603048, 18.740%, 3/15/2029 †§x | Achieve | 2/04/2026 | 29989 | 29989 | 29924 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44603384, 12.990%, 3/07/2031 †§x | Achieve | 1/27/2026 | 38727 | 38727 | 38683 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44616492, 15.740%, 3/17/2030 †§x | Achieve | 2/10/2026 | 21200 | 21200 | 21148 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44625412, 24.740%, 4/21/2031 †§x | Achieve | 2/10/2026 | 33500 | 33500 | 33451 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44625856, 13.990%, 3/17/2030 †§x | Achieve | 2/06/2026 | 24915 | 24915 | 24902 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44628594, 16.740%, 3/07/2030 †§x | Achieve | 2/06/2026 | 33600 | 33600 | 33450 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44628783, 11.740%, 3/21/2031 †§x | Achieve | 2/10/2026 | 50000 | 50000 | 50016 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44628801, 16.240%, 3/20/2030 †§x | Achieve | 2/09/2026 | 33664 | 33664 | 33713 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44628802, 14.490%, 3/20/2030 †§x | Achieve | 2/09/2026 | 50000 | 50000 | 50056 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44628872, 11.490%, 1/28/2030 †§x | Achieve | 2/06/2026 | 35771 | 35771 | 35595 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44628940, 9.740%, 3/16/2029 †§x | Achieve | 2/04/2026 | 24865 | 24865 | 24873 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44629016, 18.240%, 3/23/2030 †§x | Achieve | 2/12/2026 | 44286 | 44286 | 44295 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44629296, 12.990%, 3/21/2031 †§x | Achieve | 2/10/2026 | 37000 | 37000 | 37021 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44629324, 11.740%, 3/21/2029 †§x | Achieve | 2/10/2026 | 29234 | 29234 | 29261 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44629386, 22.990%, 3/15/2031 †§x | Achieve | 2/06/2026 | 34900 | 34900 | 34922 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44629553, 10.740%, 2/02/2029 †§x | Achieve | 2/06/2026 | 21876 | 21876 | 21792 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44629585, 20.490%, 3/11/2031 †§x | Achieve | 2/09/2026 | 33114 | 33114 | 33014 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44640272, 11.740%, 3/20/2031 †§x | Achieve | 2/10/2026 | 30000 | 30000 | 30000 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44653768, 20.740%, 3/19/2030 †§x | Achieve | 2/10/2026 | 20700 | 20700 | 20670 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44656163, 12.240%, 3/20/2031 †§x | Achieve | 2/09/2026 | 31037 | 31037 | 31046 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44657317, 23.740%, 3/14/2030 †§x | Achieve | 2/03/2026 | 31766 | 31766 | 31781 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44657368, 17.240%, 3/15/2030 †§x | Achieve | 2/09/2026 | 28900 | 28900 | 28797 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44658826, 18.740%, 3/13/2031 †§x | Achieve | 2/12/2026 | 25544 | 25544 | 25432 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44666865, 20.240%, 3/13/2030 †§x | Achieve | 2/03/2026 | 33400 | 33400 | 33298 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44671446, 10.740%, 3/19/2030 †§x | Achieve | 2/06/2026 | 25000 | 25000 | 25017 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44671951, 15.490%, 3/19/2029 †§x | Achieve | 2/06/2026 | 42511 | 42511 | 42557 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44673419, 9.740%, 3/19/2030 †§x | Achieve | 2/10/2026 | 21311 | 21311 | 21306 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44681453, 10.990%, 3/16/2028 †§x# | Achieve | 2/06/2026 | 28715 | 28715 | 28730 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44681668, 24.740%, 4/19/2031 †§x | Achieve | 2/09/2026 | 24800 | 24800 | 24738 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44682823, 16.490%, 3/15/2031 †§x | Achieve | 2/09/2026 | 43900 | 43900 | 43848 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44683297, 15.740%, 3/20/2030 †§x | Achieve | 2/06/2026 | 22000 | 22000 | 21991 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44691149, 19.990%, 3/20/2031 †§x | Achieve | 2/09/2026 | 20715 | 20715 | 20720 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44691204, 14.740%, 3/15/2031 †§x | Achieve | 2/04/2026 | 37900 | 37900 | 37901 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44696664, 19.240%, 3/15/2030 †§x | Achieve | 2/04/2026 | 24989 | 24989 | 24936 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44697746, 16.490%, 3/20/2031 †§x | Achieve | 2/09/2026 | 29620 | 29620 | 29621 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44698360, 11.740%, 3/23/2031 †§x | Achieve | 2/12/2026 | 43415 | 43415 | 43439 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44702198, 9.990%, 3/19/2029 †§x# | Achieve | 2/06/2026 | 23043 | 23043 | 23061 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44705323, 17.240%, 3/22/2031 †§x | Achieve | 2/12/2026 | 49200 | 49200 | 49253 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44706184, 13.240%, 2/08/2030 †§x | Achieve | 2/12/2026 | 23528 | 23528 | 23431 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44706214, 13.990%, 3/16/2030 †§x | Achieve | 2/06/2026 | 21004 | 21004 | 20984 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44706654, 16.490%, 3/16/2030 †§x | Achieve | 2/06/2026 | 21600 | 21600 | 21582 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707051, 9.740%, 3/17/2029 †§x | Achieve | 2/06/2026 | 25000 | 25000 | 25005 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707489, 18.490%, 3/17/2030 †§x | Achieve | 2/06/2026 | 21549 | 21549 | 21524 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707495, 10.990%, 3/21/2028 †§x | Achieve | 2/10/2026 | 30702 | 30702 | 30743 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707503, 13.490%, 3/20/2029 †§x | Achieve | 2/10/2026 | 28800 | 28800 | 28802 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707513, 16.490%, 3/18/2030 †§x | Achieve | 2/06/2026 | 20050 | 20050 | 20051 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707554, 11.740%, 3/20/2029 †§x# | Achieve | 2/09/2026 | 23678 | 23678 | 23702 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707592, 15.490%, 3/20/2030 †§x | Achieve | 2/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29372 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707600, 11.990%, 3/19/2031 †§x | Achieve | 2/09/2026 | 50000 | 50000 | 49996 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**210** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707639, 12.740%, 3/20/2031 †§x | Achieve | 2/09/2026 | $32572 | $32572 | $32585 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707719, 12.490%, 3/15/2030 †§x | Achieve | 2/10/2026 | 50000 | 50000 | 49942 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707787, 9.740%, 2/01/2028 †§x | Achieve | 2/10/2026 | 36119 | 36119 | 35974 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707802, 17.490%, 1/27/2030 †§x | Achieve | 2/09/2026 | 40434 | 40434 | 40042 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707848, 10.740%, 3/20/2029 †§x | Achieve | 2/09/2026 | 21434 | 21434 | 21448 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707874, 10.990%, 3/22/2029 †§x | Achieve | 2/11/2026 | 47197 | 47197 | 47239 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707890, 20.240%, 3/10/2030 †§x | Achieve | 2/09/2026 | 33858 | 33858 | 33704 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707911, 17.740%, 3/17/2030 †§x | Achieve | 2/11/2026 | 43000 | 43000 | 42884 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707923, 15.740%, 3/22/2030 †§x | Achieve | 2/11/2026 | 20536 | 20536 | 20525 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707928, 20.740%, 3/20/2031 †§x | Achieve | 2/10/2026 | 32800 | 32800 | 32845 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707929, 12.990%, 1/28/2030 †§x | Achieve | 2/09/2026 | 22310 | 22310 | 22150 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707956, 11.990%, 3/22/2031 †§x | Achieve | 2/11/2026 | 40000 | 40000 | 40019 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44707965, 16.240%, 3/16/2029 †§x | Achieve | 2/06/2026 | 20092 | 20092 | 20050 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708010, 10.740%, 3/24/2029 †§x | Achieve | 2/12/2026 | 38672 | 38672 | 38718 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708041, 10.740%, 3/15/2029 †§x | Achieve | 2/09/2026 | 37772 | 37772 | 37744 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708082, 9.990%, 3/15/2029 †§x | Achieve | 2/09/2026 | 39519 | 39519 | 39487 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708130, 15.990%, 3/15/2030 †§x | Achieve | 2/11/2026 | 39820 | 39820 | 39682 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708144, 13.740%, 3/16/2029 †§x | Achieve | 2/12/2026 | 20655 | 20655 | 20618 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708153, 12.240%, 3/20/2029 †§x | Achieve | 2/09/2026 | 20139 | 20139 | 20158 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708251, 9.740%, 3/21/2028 †§x | Achieve | 2/10/2026 | 38389 | 38389 | 38431 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708257, 16.240%, 3/21/2031 †§x | Achieve | 2/11/2026 | 23864 | 23864 | 23885 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708406, 21.740%, 2/01/2029 †§x | Achieve | 2/06/2026 | 21100 | 21100 | 20907 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708471, 18.990%, 3/21/2029 †§x | Achieve | 2/10/2026 | 28929 | 28929 | 28995 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708508, 10.740%, 3/21/2029 †§x | Achieve | 2/10/2026 | 23334 | 23334 | 23351 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708541, 18.740%, 3/20/2029 †§x | Achieve | 2/09/2026 | 20104 | 20104 | 20087 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708547, 12.990%, 3/20/2029 †§x | Achieve | 2/11/2026 | 25947 | 25947 | 25942 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44708565, 10.490%, 3/06/2030 †§x | Achieve | 2/09/2026 | 23764 | 23764 | 23679 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44709224, 14.490%, 3/19/2030 †§x | Achieve | 2/06/2026 | 34129 | 34129 | 34183 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44709517, 16.490%, 3/19/2031 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 50019 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44709529, 15.740%, 3/16/2028 †§x | Achieve | 2/06/2026 | 26313 | 26313 | 26253 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44709856, 12.990%, 3/20/2031 †§x | Achieve | 2/09/2026 | 50000 | 50000 | 50022 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44710041, 19.240%, 3/17/2030 †§x | Achieve | 2/06/2026 | 29000 | 29000 | 28944 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44710309, 11.740%, 3/17/2031 †§x | Achieve | 2/06/2026 | 39314 | 39314 | 39307 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44714547, 12.740%, 3/17/2029 †§x | Achieve | 2/06/2026 | 46428 | 46428 | 46464 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44714731, 12.740%, 3/17/2030 †§x | Achieve | 2/06/2026 | 25000 | 25000 | 25012 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44715030, 24.740%, 3/17/2031 †§x | Achieve | 2/06/2026 | 31888 | 31888 | 31805 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44715358, 9.740%, 3/18/2029 †§x | Achieve | 2/06/2026 | 25735 | 25735 | 25747 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44715939, 12.740%, 3/17/2030 †§x | Achieve | 2/06/2026 | 20000 | 20000 | 20010 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44716032, 10.490%, 1/20/2028 †§x | Achieve | 2/06/2026 | 34720 | 34720 | 34511 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44716736, 12.990%, 3/08/2030 †§x | Achieve | 2/06/2026 | 39625 | 39625 | 39524 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44717453, 16.740%, 3/18/2028 †§x | Achieve | 2/10/2026 | 50000 | 50000 | 50035 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44717794, 20.990%, 3/17/2030 †§x | Achieve | 2/06/2026 | 20500 | 20500 | 20467 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44718729, 12.240%, 3/22/2031 †§x | Achieve | 2/10/2026 | 28267 | 28267 | 28288 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44720846, 14.740%, 3/18/2028 †§x | Achieve | 2/09/2026 | 30600 | 30600 | 30536 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44722342, 16.240%, 3/18/2028 †§x | Achieve | 2/06/2026 | 25600 | 25600 | 25585 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44722443, 17.240%, 3/18/2029 †§x | Achieve | 2/06/2026 | 20500 | 20500 | 20480 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44723153, 17.490%, 1/28/2031 †§x | Achieve | 2/06/2026 | 24651 | 24651 | 24479 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44723650, 18.740%, 3/18/2031 †§x | Achieve | 2/06/2026 | 43559 | 43559 | 43553 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44723817, 18.990%, 3/19/2030 †§x | Achieve | 2/06/2026 | 42200 | 42200 | 42313 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44724049, 22.990%, 4/18/2031 †§x | Achieve | 2/06/2026 | 30000 | 30000 | 29959 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44724773, 17.490%, 3/18/2031 †§x | Achieve | 2/06/2026 | 46500 | 46500 | 46559 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44724804, 12.240%, 3/18/2030 †§x | Achieve | 2/06/2026 | 23463 | 23463 | 23480 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44725399, 13.490%, 3/18/2031 †§x# | Achieve | 2/06/2026 | 25391 | 25391 | 25403 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44726782, 13.740%, 3/19/2031 †§x | Achieve | 2/06/2026 | 21334 | 21334 | 21328 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44727382, 12.990%, 3/19/2031 †§x | Achieve | 2/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49993 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44727844, 17.490%, 3/19/2031 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 50086 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**211** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44728735, 14.490%, 3/19/2030 †§x | Achieve | 2/09/2026 | $37148 | $37148 | $37175 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44732553, 12.240%, 3/15/2031 †§x | Achieve | 2/06/2026 | 30913 | 30913 | 30892 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44732906, 12.240%, 3/20/2029 †§x | Achieve | 2/06/2026 | 27607 | 27607 | 27586 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44733592, 24.120%, 3/15/2031 †§x | Achieve | 2/06/2026 | 48300 | 48300 | 48152 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44733752, 11.490%, 3/15/2030 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 49982 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44733879, 13.490%, 3/20/2031 †§x | Achieve | 2/06/2026 | 21983 | 21983 | 22007 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44734110, 11.990%, 3/19/2031 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 50026 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44734198, 16.490%, 3/19/2031 †§x | Achieve | 2/06/2026 | 41637 | 41637 | 41699 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44734229, 24.740%, 4/19/2031 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 49982 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44734957, 12.990%, 3/21/2029 †§x | Achieve | 2/10/2026 | 22240 | 22240 | 22266 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44734989, 16.490%, 3/20/2031 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 50102 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44735413, 13.740%, 3/19/2031 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 50047 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44735416, 14.240%, 3/20/2030 †§x | Achieve | 2/09/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31391 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44735967, 13.240%, 3/19/2029 †§x | Achieve | 2/06/2026 | 41469 | 41469 | 41534 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44736162, 12.240%, 3/06/2031 †§x | Achieve | 2/06/2026 | 24702 | 24702 | 24611 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44736397, 17.490%, 3/15/2030 †§x | Achieve | 2/06/2026 | 50000 | 50000 | 49874 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44737248, 18.240%, 3/10/2031 †§x | Achieve | 2/06/2026 | 29359 | 29359 | 29255 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44737264, 7.990%, 2/01/2028 †§x | Achieve | 2/06/2026 | 30161 | 30161 | 30088 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44737835, 10.740%, 3/19/2031 †§x | Achieve | 2/06/2026 | 20267 | 20267 | 20271 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44737837, 9.990%, 3/19/2030 †§x | Achieve | 2/06/2026 | 24000 | 24000 | 24012 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44738086, 10.990%, 3/19/2028 †§x | Achieve | 2/06/2026 | 28314 | 28314 | 28348 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44738454, 19.740%, 3/13/2031 †§x | Achieve | 2/06/2026 | 28950 | 28950 | 28893 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44738484, 21.990%, 3/19/2031 †§x | Achieve | 2/09/2026 | 21418 | 21418 | 21450 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44738853, 11.740%, 3/19/2031 †§x | Achieve | 2/06/2026 | 20000 | 20000 | 20009 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44740058, 17.740%, 3/13/2031 †§x | Achieve | 2/09/2026 | 42907 | 42907 | 42823 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44740642, 24.740%, 3/15/2031 †§x | Achieve | 2/09/2026 | 28700 | 28700 | 28534 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44741038, 13.490%, 3/20/2031 †§x | Achieve | 2/09/2026 | 31800 | 31800 | 31813 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44742740, 24.740%, 4/20/2031 †§x | Achieve | 2/09/2026 | 24000 | 24000 | 23941 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44744752, 16.240%, 3/20/2031 †§x | Achieve | 2/10/2026 | 26000 | 26000 | 26017 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44746186, 11.740%, 3/20/2031 †§x | Achieve | 2/09/2026 | 44297 | 44297 | 44305 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44746581, 20.990%, 3/20/2030 †§x | Achieve | 2/09/2026 | 22963 | 22963 | 22951 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44746802, 14.490%, 3/20/2031 †§x | Achieve | 2/09/2026 | 34116 | 34116 | 34137 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44746919, 11.990%, 3/20/2031 †§x | Achieve | 2/09/2026 | 20291 | 20291 | 20296 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44747820, 20.490%, 2/05/2030 †§x | Achieve | 2/09/2026 | 22729 | 22729 | 22522 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44748108, 12.740%, 3/20/2029 †§x | Achieve | 2/10/2026 | 38000 | 38000 | 38030 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44748188, 16.490%, 3/21/2031 †§x | Achieve | 2/10/2026 | 50000 | 50000 | 50061 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44748385, 16.740%, 3/20/2030 †§x | Achieve | 2/09/2026 | 34604 | 34604 | 34610 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44748703, 12.740%, 2/02/2030 †§x | Achieve | 2/09/2026 | 50000 | 50000 | 49734 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44748708, 18.240%, 3/20/2030 †§x | Achieve | 2/09/2026 | 23116 | 23116 | 23099 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44749001, 13.240%, 3/21/2029 †§x | Achieve | 2/09/2026 | 23000 | 23000 | 23034 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44749031, 13.490%, 3/21/2031 †§x | Achieve | 2/10/2026 | 26158 | 26158 | 26175 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44749269, 9.990%, 3/20/2029 †§x | Achieve | 2/09/2026 | 21162 | 21162 | 21173 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44749871, 17.490%, 3/20/2030 †§x | Achieve | 2/09/2026 | 40000 | 40000 | 39966 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44749908, 10.740%, 3/20/2030 †§x | Achieve | 2/09/2026 | 22000 | 22000 | 22009 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44750323, 15.990%, 3/22/2028 †§x | Achieve | 2/10/2026 | 27500 | 27500 | 27488 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44750686, 9.740%, 3/20/2029 †§x | Achieve | 2/09/2026 | 26350 | 26350 | 26363 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44751677, 18.740%, 3/20/2029 †§x | Achieve | 2/09/2026 | 29200 | 29200 | 29175 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44752188, 17.240%, 3/20/2028 †§x | Achieve | 2/09/2026 | 25000 | 25000 | 24978 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44752223, 7.990%, 3/22/2028 †§x | Achieve | 2/12/2026 | 50000 | 50000 | 50033 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44752326, 7.990%, 3/20/2028 †§x | Achieve | 2/09/2026 | 33767 | 33767 | 33791 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44752887, 21.990%, 3/20/2031 †§x | Achieve | 2/10/2026 | 31162 | 31162 | 31183 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44753360, 14.740%, 3/20/2030 †§x | Achieve | 2/09/2026 | 37600 | 37600 | 37603 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44753938, 19.490%, 3/20/2031 †§x | Achieve | 2/09/2026 | 24940 | 24940 | 24979 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44755059, 23.740%, 4/21/2031 †§x | Achieve | 2/10/2026 | 23569 | 23569 | 23555 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44755913, 10.740%, 2/03/2029 †§x | Achieve | 2/10/2026 | 45000 | 45000 | 44803 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44759017, 11.990%, 3/21/2030 †§x | Achieve | 2/10/2026 | 40000 | 40000 | 39989 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**212** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44761521, 18.740%, 3/22/2031 †§x | Achieve | 2/10/2026 | $50000 | $50000 | $50036 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44762229, 16.740%, 3/21/2030 †§x | Achieve | 2/10/2026 | 25500 | 25500 | 25509 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44762390, 12.240%, 3/21/2030 †§x | Achieve | 2/12/2026 | 45000 | 45000 | 45015 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44762416, 19.990%, 2/05/2028 †§x | Achieve | 2/10/2026 | 21050 | 21050 | 20885 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44763091, 18.740%, 3/21/2031 †§x | Achieve | 2/10/2026 | 45201 | 45201 | 45271 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44763218, 10.490%, 3/18/2030 †§x | Achieve | 2/10/2026 | 20080 | 20080 | 20072 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44763236, 10.490%, 3/15/2030 †§x | Achieve | 2/10/2026 | 50000 | 50000 | 49939 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44763260, 12.990%, 2/03/2030 †§x | Achieve | 2/10/2026 | 29365 | 29365 | 29210 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44763262, 18.240%, 3/21/2031 †§x | Achieve | 2/10/2026 | 38500 | 38500 | 38505 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44763324, 20.990%, 3/21/2031 †§x | Achieve | 2/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34922 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44763604, 10.490%, 3/22/2030 †§x | Achieve | 2/10/2026 | 50000 | 50000 | 50037 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44764292, 10.740%, 3/15/2029 †§x | Achieve | 2/10/2026 | 40660 | 40660 | 40620 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44764468, 21.240%, 3/21/2030 †§x# | Achieve | 2/10/2026 | 20100 | 20100 | 20076 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44765146, 13.490%, 3/21/2031 †§x | Achieve | 2/10/2026 | 31642 | 31642 | 31662 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44766408, 24.740%, 4/22/2031 †§x | Achieve | 2/10/2026 | 31900 | 31900 | 31856 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44766415, 17.490%, 3/13/2030 †§x | Achieve | 2/11/2026 | 20278 | 20278 | 20212 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44767184, 8.490%, 3/21/2028 †§x | Achieve | 2/10/2026 | 22000 | 22000 | 22019 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44767832, 9.740%, 3/10/2029 †§x | Achieve | 2/12/2026 | 25000 | 25000 | 24934 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44767899, 10.490%, 3/15/2030 †§x | Achieve | 2/10/2026 | 33430 | 33430 | 33389 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44770971, 21.990%, 3/22/2030 †§x | Achieve | 2/10/2026 | 34400 | 34400 | 34401 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44778405, 22.370%, 4/23/2031 †§x | Achieve | 2/11/2026 | 38847 | 38847 | 38850 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44781865, 10.740%, 3/20/2031 †§x | Achieve | 2/11/2026 | 32014 | 32014 | 32004 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44782030, 13.490%, 3/22/2031 †§x | Achieve | 2/11/2026 | 25705 | 25705 | 25725 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44783351, 11.490%, 2/01/2029 †§x | Achieve | 2/12/2026 | 39180 | 39180 | 38958 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44783495, 19.740%, 2/05/2029 †§x | Achieve | 2/11/2026 | 50000 | 50000 | 49545 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44785450, 20.740%, 3/22/2030 †§x | Achieve | 2/12/2026 | 22816 | 22816 | 22804 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44786473, 14.240%, 3/23/2028 †§x | Achieve | 2/12/2026 | 50000 | 50000 | 50080 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44788952, 24.740%, 3/20/2031 †§x | Achieve | 2/12/2026 | 21900 | 21900 | 21830 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44791991, 22.740%, 3/15/2031 †§x | Achieve | 2/12/2026 | 50000 | 50000 | 49750 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44792877, 13.490%, 3/23/2031 †§x | Achieve | 2/12/2026 | 48000 | 48000 | 48039 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44793393, 18.490%, 3/23/2030 †§x | Achieve | 2/12/2026 | 25267 | 25267 | 25262 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44795826, 13.240%, 3/23/2030 †§x | Achieve | 2/12/2026 | 30021 | 30021 | 30056 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44798498, 13.240%, 3/23/2029 †§x | Achieve | 2/12/2026 | 25000 | 25000 | 25035 |
| &nbsp;&nbsp;&nbsp;&nbsp; APP-44799027, 9.490%, 3/23/2030 †§x | Achieve | 2/12/2026 | 50000 | 50000 | 50023 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3720488, 10.510%, 8/08/2028 †x# | Upstart | 3/13/2023 | 26626 | 26267 | 26725 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3721920, 16.460%, 3/09/2028 †x◇ | Upstart | 3/14/2023 | 25661 | 25339 | 25699 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3723344, 28.720%, 3/10/2028 †x◇ | Upstart | 3/15/2023 | 23590 | 23304 | 24005 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3757165, 28.730%, 4/13/2028 †§x | Upstart | 4/18/2023 | 20370 | 20370 | 20761 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3757481, 10.070%, 9/13/2028 †x# | Upstart | 4/18/2023 | 29078 | 29078 | 29223 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3758734, 25.900%, 4/14/2028 †x | Upstart | 4/19/2023 | 28919 | 28919 | 29481 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3790454, 24.620%, 5/10/2028 †§x | Upstart | 5/15/2023 | 22718 | 22587 | 22843 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3790510, 20.850%, 5/25/2028 †§x# | Upstart | 5/15/2023 | 30324 | 30203 | 30752 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3793597, 24.310%, 10/27/2028 †x# | Upstart | 5/17/2023 | 24065 | 23864 | 24281 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3796238, 28.060%, 5/15/2028 †§x | Upstart | 5/18/2023 | 31064 | 30880 | 31555 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3798129, 18.620%, 10/16/2028 †x | Upstart | 5/19/2023 | 31976 | 31794 | 31527 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3799567, 13.330%, 5/16/2028 †§x | Upstart | 5/19/2023 | 26580 | 26443 | 26632 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3800673, 22.390%, 10/20/2028 †x# | Upstart | 5/22/2023 | 32938 | 32739 | 33456 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3801929, 22.510%, 5/18/2028 †x | Upstart | 5/23/2023 | 26490 | 26340 | 26723 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3803086, 25.230%, 5/18/2028 †§x# | Upstart | 5/23/2023 | 20783 | 20579 | 20963 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3803637, 20.390%, 5/19/2028 †§x | Upstart | 5/24/2023 | 29043 | 28879 | 29539 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3806035, 14.960%, 4/24/2029 †x | Upstart | 5/25/2023 | 30700 | 30393 | 30648 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3850275, 26.470%, 2/20/2029 †x# | Upstart | 6/23/2023 | 36623 | 36257 | 37143 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3850362, 12.770%, 6/20/2028 †x◇ | Upstart | 6/23/2023 | 27303 | 27158 | 27400 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3857249, 26.150%, 6/22/2028 †x◇ | Upstart | 6/27/2023 | 31000 | 30811 | 31583 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3858688, 21.540%, 6/23/2028 †x◇ | Upstart | 6/28/2023 | 20963 | 20840 | 21196 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3858803, 24.150%, 11/23/2028 †x | Upstart | 6/28/2023 | 19854 | 19695 | 20192 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**213** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3858902, 27.030%, 6/23/2028 †x◇ | Upstart | 6/28/2023 | $22076 | $21941 | $22306 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3858952, 28.790%, 11/23/2028 †x | Upstart | 6/28/2023 | 23416 | 23211 | 23900 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3860401, 19.420%, 6/26/2028 †x#◇ | Upstart | 6/29/2023 | 24629 | 24489 | 24917 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3861385, 17.200%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | 28352 | 28192 | 28354 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3865619, 17.940%, 6/27/2028 †x◇ | Upstart | 6/30/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28735 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3873612, 12.820%, 7/05/2028 †§x | Upstart | 7/10/2023 | 28163 | 27912 | 28226 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3873735, 20.840%, 12/19/2028 †x# | Upstart | 7/10/2023 | 34733 | 34410 | 35077 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3877303, 17.660%, 7/07/2028 †§x | Upstart | 7/12/2023 | 29632 | 29367 | 29513 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3877382, 20.420%, 7/07/2028 †§x | Upstart | 7/12/2023 | 24363 | 24144 | 24675 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3877582, 19.970%, 7/07/2028 †§x | Upstart | 7/12/2023 | 30323 | 30050 | 30714 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3879716, 17.220%, 7/10/2028 †§x | Upstart | 7/13/2023 | 29501 | 29236 | 29401 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3880018, 14.650%, 7/10/2028 †§x | Upstart | 7/13/2023 | 28774 | 28516 | 28849 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3894118, 24.090%, 7/20/2028 †§x | Upstart | 7/25/2023 | 29644 | 29376 | 29953 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3894128, 13.540%, 7/20/2028 †§x# | Upstart | 7/25/2023 | 27976 | 27723 | 28073 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3894324, 6.000%, 7/20/2028 †x | Upstart | 7/25/2023 | 25678 | 25474 | 25866 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3894514, 14.470%, 12/20/2028 †x# | Upstart | 7/25/2023 | 23394 | 23175 | 21955 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3933960, 23.520%, 8/18/2028 †x | Upstart | 8/23/2023 | 21921 | 21822 | 22144 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3934205, 25.730%, 3/18/2029 †x | Upstart | 8/23/2023 | 22107 | 21996 | 21823 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3934994, 17.730%, 2/02/2029 †x# | Upstart | 8/23/2023 | 37721 | 37541 | 37367 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3935578, 26.560%, 8/21/2028 †x◇ | Upstart | 8/24/2023 | 32859 | 32729 | 33235 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3939182, 18.440%, 6/22/2029 †x# | Upstart | 8/25/2023 | 34940 | 34765 | 35457 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3939223, 25.200%, 8/22/2028 †x | Upstart | 8/25/2023 | 19861 | 19771 | 20253 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3939235, 18.250%, 8/22/2028 †§x | Upstart | 8/25/2023 | 29627 | 29492 | 29595 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3939830, 24.540%, 8/22/2028 †§x | Upstart | 8/25/2023 | 29165 | 29034 | 29488 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3940811, 23.080%, 2/02/2029 †x# | Upstart | 8/28/2023 | 37317 | 37131 | 37690 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3940842, 16.710%, 8/23/2028 †§x | Upstart | 8/28/2023 | 30106 | 29971 | 30687 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3940955, 11.500%, 8/23/2028 †§x | Upstart | 8/28/2023 | 28296 | 28170 | 28427 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3941607, 12.370%, 8/28/2028 †§x# | Upstart | 8/28/2023 | 29692 | 29557 | 29847 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3942435, 23.170%, 2/08/2029 †x# | Upstart | 8/29/2023 | 27768 | 27629 | 25650 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3942502, 20.920%, 8/24/2028 †§x# | Upstart | 8/29/2023 | 24777 | 24661 | 25220 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3942645, 20.110%, 8/24/2028 †§x# | Upstart | 8/29/2023 | 32004 | 31852 | 32576 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3942899, 21.540%, 8/24/2028 †x | Upstart | 8/29/2023 | 20067 | 19977 | 20313 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3943136, 11.130%, 1/24/2029 †x# | Upstart | 8/29/2023 | 31660 | 31513 | 31828 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3943979, 20.520%, 8/25/2028 †§x | Upstart | 8/30/2023 | 31263 | 31122 | 31669 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3946250, 26.680%, 8/28/2028 †x#◇ | Upstart | 8/31/2023 | 21026 | 20940 | 21114 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3947560, 19.850%, 8/28/2028 †x◇ | Upstart | 8/31/2023 | 28660 | 28549 | 28961 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3988656, 14.820%, 9/25/2028 †§x | Upstart | 9/28/2023 | 27349 | 27224 | 27342 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3988814, 21.440%, 9/25/2028 †x#◇ | Upstart | 9/28/2023 | 32280 | 32150 | 32862 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3989064, 12.200%, 9/25/2028 †§x | Upstart | 9/28/2023 | 28111 | 27985 | 28266 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM3996381, 22.130%, 10/26/2028 †x#◇ | Upstart | 10/03/2023 | 29983 | 29858 | 30160 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4010314, 22.440%, 10/10/2028 †§x | Upstart | 10/13/2023 | 25990 | 25860 | 26202 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4026013, 26.470%, 3/17/2029 †x# | Upstart | 10/20/2023 | 35282 | 35105 | 32791 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4028651, 25.710%, 10/19/2028 †§x# | Upstart | 10/24/2023 | 22251 | 22147 | 22669 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4028805, 19.340%, 8/19/2029 †x | Upstart | 10/24/2023 | 23649 | 23532 | 23593 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4028842, 16.750%, 10/19/2028 †§x# | Upstart | 10/24/2023 | 21566 | 21466 | 21522 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4028911, 24.220%, 10/19/2028 †x | Upstart | 10/24/2023 | 24191 | 24078 | 23295 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4036403, 27.020%, 11/01/2028 †x# | Upstart | 10/30/2023 | 20096 | 20001 | 20343 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4037512, 15.200%, 10/25/2028 †x | Upstart | 10/30/2023 | 21821 | 21723 | 21790 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4037883, 20.960%, 3/25/2029 †x | Upstart | 10/30/2023 | 43025 | 42811 | 42485 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4038131, 18.400%, 10/25/2028 †x | Upstart | 10/30/2023 | 28983 | 28852 | 28951 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4039024, 22.720%, 10/26/2028 †§x# | Upstart | 10/31/2023 | 33776 | 33623 | 34231 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4040728, 20.390%, 10/27/2028 †x | Upstart | 11/01/2023 | 32792 | 32643 | 33097 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4042423, 13.470%, 11/01/2028 †§x | Upstart | 11/02/2023 | 30288 | 30151 | 30386 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4085752, 26.240%, 10/27/2029 †x | Upstart | 11/30/2023 | 21901 | 21901 | 21741 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4085890, 27.350%, 4/27/2029 †x# | Upstart | 11/30/2023 | 20490 | 20490 | 20426 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4085929, 23.740%, 11/27/2028 †§x | Upstart | 11/30/2023 | 30761 | 30761 | 31178 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**214** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4088399, 22.450%, 11/27/2028 †§x | Upstart | 11/30/2023 | $23863 | $23863 | $24198 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4092250, 28.310%, 5/16/2029 †x# | Upstart | 12/04/2023 | 28562 | 28562 | 25952 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4092268, 26.800%, 12/01/2028 †§x# | Upstart | 12/04/2023 | 36050 | 36050 | 36660 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4093012, 29.930%, 12/01/2028 †§x | Upstart | 12/04/2023 | 28748 | 28748 | 29160 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4093013, 26.060%, 12/01/2028 †x# | Upstart | 12/04/2023 | 34043 | 34043 | 34688 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4093240, 23.800%, 5/01/2029 †x# | Upstart | 12/05/2023 | 35680 | 35680 | 35729 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4093432, 16.360%, 12/16/2028 †§x | Upstart | 12/05/2023 | 33312 | 33312 | 32942 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4114126, 19.380%, 10/12/2029 †x | Upstart | 12/15/2023 | 23562 | 23562 | 23576 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4114167, 27.760%, 5/12/2029 †x | Upstart | 12/15/2023 | 40607 | 40607 | 40833 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4122402, 25.470%, 12/18/2028 †§x | Upstart | 12/21/2023 | 24963 | 24963 | 25590 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4122852, 6.000%, 12/18/2028 †x | Upstart | 12/21/2023 | 24149 | 24149 | 24295 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4124530, 14.000%, 1/11/2029 †x#◇ | Upstart | 12/21/2023 | 24941 | 24941 | 24738 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4132892, 20.470%, 12/26/2028 †§x | Upstart | 12/29/2023 | 33979 | 33979 | 34342 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4133787, 29.060%, 6/20/2029 †x# | Upstart | 12/29/2023 | 45053 | 45053 | 43931 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4137062, 28.320%, 12/27/2028 †x◇ | Upstart | 1/02/2024 | 24857 | 24857 | 25617 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4148862, 14.100%, 1/04/2029 †§x | Upstart | 1/09/2024 | 29439 | 29439 | 29425 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4157140, 18.270%, 1/09/2029 †x | Upstart | 1/12/2024 | 24874 | 24874 | 25179 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4158541, 11.340%, 1/10/2029 †§x | Upstart | 1/16/2024 | 25627 | 25627 | 26029 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4161961, 24.200%, 1/12/2029 †§x | Upstart | 1/18/2024 | 24254 | 24254 | 25335 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4162275, 30.350%, 1/12/2029 †x# | Upstart | 1/18/2024 | 31224 | 31224 | 30523 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4173745, 21.560%, 6/27/2029 †x# | Upstart | 1/25/2024 | 40397 | 40397 | 40277 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4173896, 16.790%, 1/22/2029 †§x | Upstart | 1/25/2024 | 33375 | 33375 | 33446 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4174563, 22.810%, 1/22/2029 †x | Upstart | 1/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34810 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4178153, 27.340%, 1/24/2029 †§x | Upstart | 1/29/2024 | 31683 | 31683 | 33153 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4179530, 27.470%, 1/24/2029 †x | Upstart | 1/29/2024 | 30082 | 30082 | 31531 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4180547, 14.070%, 1/25/2029 †§x | Upstart | 1/30/2024 | 33294 | 33294 | 33356 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4180688, 26.870%, 2/10/2029 †§x# | Upstart | 1/30/2024 | 38334 | 38334 | 37666 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4180952, 26.820%, 1/25/2029 †§x | Upstart | 1/30/2024 | 33087 | 33087 | 34711 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4181667, 17.770%, 11/26/2029 †x | Upstart | 1/31/2024 | 41405 | 41405 | 40570 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4182278, 26.200%, 1/26/2029 †x# | Upstart | 1/31/2024 | 27627 | 27627 | 28566 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4182427, 23.190%, 1/26/2029 †x | Upstart | 1/31/2024 | 35253 | 35253 | 36140 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4182938, 28.450%, 4/26/2029 †x#◇ | Upstart | 1/31/2024 | 24460 | 24460 | 24740 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4184351, 16.820%, 2/01/2029 †§x# | Upstart | 2/01/2024 | 31289 | 31289 | 31514 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4184669, 21.690%, 2/01/2029 †§x | Upstart | 2/01/2024 | 36736 | 36736 | 37281 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4185564, 17.990%, 2/01/2029 †x | Upstart | 2/01/2024 | 23865 | 23865 | 23763 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4187791, 24.360%, 7/01/2029 †x | Upstart | 2/02/2024 | 35425 | 35425 | 35710 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4188185, 29.160%, 2/01/2029 †x | Upstart | 2/05/2024 | 26933 | 26933 | 27716 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4212945, 26.590%, 2/20/2029 †x# | Upstart | 2/23/2024 | 23270 | 23270 | 22271 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4213515, 25.870%, 3/01/2029 †§x# | Upstart | 2/23/2024 | 38227 | 38227 | 39693 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4213787, 26.950%, 2/20/2029 †§x | Upstart | 2/23/2024 | 37221 | 37221 | 38892 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4217636, 14.360%, 2/21/2029 †x | Upstart | 2/26/2024 | 34127 | 34127 | 34232 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4220279, 18.120%, 2/22/2029 †§x# | Upstart | 2/27/2024 | 21619 | 21619 | 21885 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4221174, 23.290%, 2/23/2029 †§x | Upstart | 2/28/2024 | 36412 | 36412 | 37179 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4225248, 26.040%, 3/11/2029 †x#◇ | Upstart | 3/01/2024 | 38661 | 38661 | 39705 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4225340, 19.740%, 2/27/2029 †x | Upstart | 3/01/2024 | 27238 | 27238 | 27865 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4225905, 24.130%, 2/27/2029 †x | Upstart | 3/01/2024 | 19386 | 19386 | 20308 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4225990, 25.240%, 2/27/2029 †§x# | Upstart | 3/01/2024 | 36611 | 36611 | 38347 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4225999, 25.660%, 2/27/2029 †x◇ | Upstart | 3/01/2024 | 25115 | 25115 | 26344 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4226015, 22.320%, 2/27/2029 †§x | Upstart | 3/01/2024 | 32092 | 32092 | 32790 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4227215, 15.440%, 2/28/2029 †§x | Upstart | 3/04/2024 | 27355 | 27355 | 27541 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4227677, 28.250%, 2/28/2029 †§x | Upstart | 3/04/2024 | 26146 | 26146 | 27002 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4228237, 25.170%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 31790 | 31790 | 32194 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4229166, 14.760%, 3/01/2029 †§x | Upstart | 3/05/2024 | 31692 | 31692 | 31564 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4241769, 19.430%, 3/11/2027 †x | Upstart | 3/14/2024 | 21370 | 21370 | 21340 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4242208, 24.760%, 3/11/2029 †§x# | Upstart | 3/14/2024 | 38308 | 38308 | 37288 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4244544, 26.110%, 3/11/2029 †§x | Upstart | 3/14/2024 | 23359 | 23359 | 24032 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**215** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4244606, 17.610%, 3/11/2029 †§x | Upstart | 3/14/2024 | $35786 | $35786 | $35740 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4246077, 26.610%, 3/12/2029 †§x | Upstart | 3/15/2024 | 34440 | 34440 | 35753 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4277961, 24.710%, 6/02/2027 †x | Upstart | 4/05/2024 | 27171 | 27171 | 26864 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4278036, 14.070%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35791 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4283873, 18.620%, 4/11/2029 †§x# | Upstart | 4/15/2024 | 36246 | 36246 | 36528 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4286893, 29.660%, 4/08/2029 †§x | Upstart | 4/11/2024 | 27541 | 27541 | 28333 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4290489, 22.170%, 9/09/2029 †x# | Upstart | 4/12/2024 | 46175 | 46175 | 44997 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4293809, 25.700%, 4/10/2029 †§x | Upstart | 4/15/2024 | 21689 | 21689 | 22343 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4295363, 25.170%, 4/11/2029 †§x# | Upstart | 4/16/2024 | 37606 | 37606 | 38901 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4296650, 21.620%, 4/11/2029 †x | Upstart | 4/16/2024 | 37121 | 37121 | 37669 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4296762, 25.570%, 4/11/2029 †§x | Upstart | 4/16/2024 | 19981 | 19981 | 20592 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4296864, 22.810%, 4/12/2029 †§x | Upstart | 4/17/2024 | 37774 | 37774 | 38958 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4297045, 24.870%, 4/12/2029 †x | Upstart | 4/17/2024 | 22960 | 22960 | 23674 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4297776, 23.910%, 4/12/2029 †§x | Upstart | 4/17/2024 | 37940 | 37940 | 39307 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4310648, 6.000%, 4/19/2029 †x | Upstart | 4/24/2024 | 20868 | 20868 | 21612 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4311083, 16.390%, 4/19/2029 †x◇ | Upstart | 4/24/2024 | 27288 | 27288 | 27262 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4311446, 24.580%, 4/22/2029 †§x | Upstart | 4/25/2024 | 24237 | 24237 | 25125 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4311565, 23.000%, 4/22/2029 †§x | Upstart | 4/25/2024 | 24606 | 24606 | 25551 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4311641, 29.290%, 4/22/2029 †§x | Upstart | 4/25/2024 | 21202 | 21202 | 21937 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4315980, 28.770%, 4/23/2029 †§x# | Upstart | 4/26/2024 | 22310 | 22310 | 23093 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4316294, 24.660%, 4/23/2029 †§x | Upstart | 4/26/2024 | 21204 | 21204 | 21472 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4317071, 29.180%, 4/23/2029 †§x# | Upstart | 4/26/2024 | 22256 | 22256 | 22719 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4317585, 29.740%, 4/24/2029 †§x | Upstart | 4/29/2024 | 24167 | 24167 | 25024 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4317915, 29.080%, 4/24/2029 †x | Upstart | 4/29/2024 | 21178 | 21178 | 21930 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4318209, 28.490%, 5/01/2029 †x# | Upstart | 4/29/2024 | 26459 | 26459 | 27272 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4319604, 17.850%, 4/25/2029 †x | Upstart | 4/30/2024 | 34601 | 34601 | 34627 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4327458, 15.190%, 5/02/2029 †x◇ | Upstart | 5/07/2024 | 36681 | 36681 | 37273 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4328868, 26.050%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 36517 | 36517 | 35809 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4329892, 28.850%, 9/01/2029 †x# | Upstart | 5/06/2024 | 30383 | 30383 | 29434 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4330985, 27.890%, 5/02/2029 †x#◇ | Upstart | 5/07/2024 | 27531 | 27531 | 27105 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4331470, 18.100%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 37346 | 37346 | 37930 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4332030, 28.530%, 5/03/2029 †x#◇ | Upstart | 5/08/2024 | 23781 | 23781 | 23432 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4338075, 25.160%, 5/07/2029 †x◇ | Upstart | 5/10/2024 | 30351 | 30351 | 29879 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4340772, 19.960%, 5/08/2029 †x | Upstart | 5/13/2024 | 34670 | 34670 | 34802 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4341913, 26.110%, 5/09/2029 †x | Upstart | 5/14/2024 | 35305 | 35305 | 34792 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4341983, 25.890%, 5/17/2029 †x | Upstart | 5/14/2024 | 28210 | 28210 | 27815 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4342905, 15.980%, 5/09/2029 †§x | Upstart | 5/14/2024 | 34607 | 34607 | 34778 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4343782, 26.670%, 10/10/2029 †x# | Upstart | 5/15/2024 | 42790 | 42790 | 39526 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4344914, 28.630%, 5/25/2029 †§x | Upstart | 5/15/2024 | 37007 | 37007 | 36517 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4345171, 21.670%, 5/13/2029 †§x | Upstart | 5/16/2024 | 21045 | 21045 | 20999 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4346430, 19.450%, 5/13/2029 †§x# | Upstart | 5/16/2024 | 37091 | 37091 | 37337 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4352304, 18.840%, 5/15/2029 †§x | Upstart | 5/20/2024 | 37526 | 37526 | 37757 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4353413, 28.540%, 10/15/2029 †x# | Upstart | 5/20/2024 | 39019 | 39019 | 37931 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4354519, 21.280%, 5/16/2029 †§x | Upstart | 5/21/2024 | 38114 | 38114 | 38004 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4354572, 27.970%, 5/16/2029 †§x | Upstart | 5/21/2024 | 37544 | 37544 | 37169 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4356640, 29.920%, 5/17/2029 †§x | Upstart | 5/22/2024 | 20427 | 20427 | 20216 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4358027, 25.220%, 5/20/2029 †§x | Upstart | 5/23/2024 | 39024 | 39024 | 38707 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4358864, 21.350%, 5/20/2029 †x | Upstart | 5/23/2024 | 22926 | 22926 | 22932 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4359862, 27.830%, 5/20/2029 †x | Upstart | 5/23/2024 | 20490 | 20490 | 20348 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4362438, 28.880%, 5/21/2029 †x◇ | Upstart | 5/24/2024 | 31643 | 31643 | 31489 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4382195, 27.010%, 6/03/2029 †§x | Upstart | 6/06/2024 | 28298 | 28298 | 27756 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4383099, 29.760%, 6/03/2029 †§x | Upstart | 6/06/2024 | 27929 | 27929 | 27334 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4384352, 28.940%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 40427 | 40427 | 39595 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4385493, 30.050%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 41129 | 41129 | 40290 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4386903, 29.100%, 6/19/2029 †x#◇ | Upstart | 6/07/2024 | 21159 | 21159 | 20737 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4389768, 16.550%, 8/05/2029 †x | Upstart | 6/10/2024 | 38679 | 38679 | 39277 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**216** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4390274, 18.480%, 6/05/2029 †x | Upstart | 6/10/2024 | $26680 | $26680 | $27086 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4390315, 26.970%, 6/05/2029 †§x | Upstart | 6/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25656 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4390651, 21.100%, 6/06/2029 †x | Upstart | 6/11/2024 | 38727 | 38727 | 38386 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4390657, 29.170%, 6/06/2029 †x | Upstart | 6/11/2024 | 22224 | 22224 | 21802 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4391574, 23.760%, 6/06/2029 †§x | Upstart | 6/11/2024 | 33971 | 33971 | 33334 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4391649, 28.600%, 11/23/2029 †x# | Upstart | 6/11/2024 | 41475 | 41475 | 40596 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4391698, 23.840%, 6/06/2029 †§x | Upstart | 6/11/2024 | 40155 | 40155 | 21018 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4392066, 27.720%, 6/06/2029 †§x# | Upstart | 6/11/2024 | 41769 | 41769 | 21803 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4392520, 29.010%, 6/06/2029 †§x | Upstart | 6/11/2024 | 40438 | 40438 | 39652 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4393534, 28.890%, 6/07/2029 †x | Upstart | 6/12/2024 | 35831 | 35831 | 35283 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4393920, 26.540%, 6/07/2029 †x# | Upstart | 6/12/2024 | 21900 | 21900 | 21553 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4394315, 20.420%, 6/07/2029 †x◇ | Upstart | 6/12/2024 | 26227 | 26227 | 26012 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4394508, 21.340%, 6/07/2029 †§x | Upstart | 6/12/2024 | 38844 | 38844 | 38519 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4433981, 12.640%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 32497 | 32497 | 32993 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4434250, 28.080%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 28422 | 28422 | 27769 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4439252, 26.110%, 7/02/2029 †x◇ | Upstart | 7/08/2024 | 27931 | 27931 | 27266 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4440059, 10.760%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 35903 | 35903 | 37205 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4440130, 28.890%, 7/03/2029 †x#◇ | Upstart | 7/09/2024 | 22588 | 22588 | 22128 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4440341, 17.440%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 37558 | 37558 | 38118 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4440923, 19.780%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 39161 | 39161 | 39132 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4442617, 26.830%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 41329 | 41329 | 40333 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4442757, 28.640%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 21315 | 21315 | 20838 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4499241, 22.010%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 39067 | 39067 | 38539 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4510601, 26.870%, 8/06/2029 †x◇ | Upstart | 8/09/2024 | 28231 | 28231 | 27606 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4513605, 20.460%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 27685 | 27685 | 27747 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4517599, 30.250%, 8/09/2029 †x#◇ | Upstart | 8/14/2024 | 22611 | 22611 | 22084 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4520793, 29.380%, 1/12/2030 †x# | Upstart | 8/15/2024 | 45655 | 45655 | 45021 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4524152, 22.570%, 1/12/2030 †x# | Upstart | 8/15/2024 | 27006 | 27006 | 27037 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4528982, 28.420%, 1/14/2028 †x | Upstart | 8/19/2024 | 24791 | 24791 | 23795 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4530913, 28.890%, 8/15/2029 †x | Upstart | 8/20/2024 | 22219 | 22219 | 20626 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4532041, 20.290%, 8/28/2029 †§x | Upstart | 8/20/2024 | 24936 | 24936 | 25249 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4534345, 16.900%, 8/16/2029 †§x | Upstart | 8/21/2024 | 33218 | 33218 | 33734 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4534837, 29.900%, 8/16/2029 †§x | Upstart | 8/21/2024 | 31173 | 31173 | 30629 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4536026, 26.840%, 1/19/2030 †x# | Upstart | 8/22/2024 | 23656 | 23656 | 23133 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4546932, 28.890%, 8/22/2029 †§x | Upstart | 8/27/2024 | 37583 | 37583 | 37255 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4557349, 28.890%, 9/07/2029 †x#◇ | Upstart | 8/30/2024 | 22073 | 22073 | 21898 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4558229, 27.170%, 8/27/2029 †x | Upstart | 8/30/2024 | 42987 | 42987 | 22599 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4558962, 29.140%, 8/27/2029 †x# | Upstart | 8/30/2024 | 40567 | 40567 | 40227 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4561409, 28.650%, 9/13/2029 †x◇ | Upstart | 9/09/2024 | 21116 | 21116 | 20567 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4561694, 29.160%, 8/28/2029 †§x# | Upstart | 9/03/2024 | 23008 | 23008 | 22373 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4564086, 29.160%, 9/01/2029 †x | Upstart | 9/04/2024 | 23551 | 23551 | 22827 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4564398, 22.640%, 9/01/2029 †x# | Upstart | 9/04/2024 | 25109 | 25109 | 24727 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4567296, 25.830%, 2/03/2030 †x | Upstart | 9/06/2024 | 27056 | 27056 | 26361 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4571290, 28.130%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 31399 | 31399 | 30435 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4573828, 29.930%, 9/04/2029 †x#◇ | Upstart | 9/09/2024 | 21533 | 21533 | 21012 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4590042, 20.720%, 9/10/2029 †x◇ | Upstart | 9/13/2024 | 20006 | 20006 | 20066 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4592534, 25.920%, 9/11/2029 †§x | Upstart | 9/16/2024 | 24958 | 24958 | 24406 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4639609, 30.130%, 10/02/2029 †§x | Upstart | 10/07/2024 | 22629 | 22629 | 21150 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4640547, 28.770%, 10/01/2029 †§x | Upstart | 10/04/2024 | 33989 | 33989 | 31820 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4648996, 21.020%, 10/04/2029 †x | Upstart | 10/09/2024 | 41296 | 41296 | 39396 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4649998, 23.500%, 10/04/2029 †§x | Upstart | 10/09/2024 | 22052 | 22052 | 21027 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4650139, 12.680%, 10/04/2029 †x | Upstart | 10/09/2024 | 28722 | 28722 | 28104 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4665732, 31.770%, 10/10/2029 †§x | Upstart | 10/16/2024 | 25316 | 25316 | 23802 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4668769, 29.310%, 10/11/2029 †§x | Upstart | 10/17/2024 | 42367 | 42367 | 39877 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4672006, 28.860%, 10/15/2029 †§x | Upstart | 10/18/2024 | 24442 | 24442 | 23059 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4776728, 26.720%, 11/22/2029 †§x | Upstart | 11/27/2024 | 24704 | 24704 | 23208 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**217** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4777536, 22.110%, 4/20/2030 †x# | Upstart | 11/25/2024 | $29835 | $29835 | $28318 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4778805, 31.850%, 11/21/2029 †§x | Upstart | 11/26/2024 | 34260 | 34367 | 32149 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4780885, 27.600%, 11/21/2029 †x | Upstart | 11/26/2024 | 33916 | 33916 | 31764 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4781402, 32.070%, 11/21/2029 †§x | Upstart | 11/26/2024 | 40555 | 40682 | 38057 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4783348, 16.840%, 11/22/2029 †§x | Upstart | 11/27/2024 | 38248 | 38248 | 37276 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4785564, 15.790%, 11/25/2029 †§x# | Upstart | 11/29/2024 | 26052 | 26126 | 25341 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4793135, 31.500%, 11/26/2029 †§x# | Upstart | 12/02/2024 | 42035 | 42035 | 39632 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4798026, 28.310%, 4/27/2030 †x# | Upstart | 12/03/2024 | 46877 | 46877 | 43486 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4800451, 11.490%, 12/01/2029 †§x | Upstart | 12/04/2024 | 41190 | 41190 | 40780 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4871509, 17.240%, 12/18/2029 †§x | Upstart | 12/23/2024 | 41855 | 41855 | 40685 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4973478, 28.830%, 2/07/2030 †§x | Upstart | 1/30/2025 | 32753 | 32753 | 30787 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4973610, 32.350%, 1/27/2030 †§x | Upstart | 1/30/2025 | 33128 | 33128 | 31111 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4982637, 19.290%, 1/28/2030 †x# | Upstart | 2/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40747 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4985111, 20.200%, 1/28/2028 †x#◇ | Upstart | 2/04/2025 | 36462 | 36462 | 35079 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4985589, 19.080%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 30325 | 30325 | 28916 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4987826, 13.580%, 1/28/2030 †x◇ | Upstart | 2/05/2025 | 28247 | 28247 | 27362 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4987878, 15.690%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 41833 | 41833 | 40519 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988076, 25.860%, 1/28/2030 †x | Upstart | 2/05/2025 | 42555 | 42555 | 39400 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988122, 17.960%, 1/28/2030 †x | Upstart | 2/05/2025 | 21616 | 21680 | 20614 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988151, 31.950%, 1/28/2030 †x# | Upstart | 2/05/2025 | 30496 | 30496 | 28205 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988186, 24.760%, 1/28/2030 †x◇ | Upstart | 2/05/2025 | 25094 | 25094 | 24318 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988363, 31.770%, 6/28/2030 †x# | Upstart | 2/05/2025 | 26288 | 26288 | 24683 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988404, 16.880%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 26635 | 26635 | 25799 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988410, 29.320%, 6/28/2030 †x# | Upstart | 2/05/2025 | 26724 | 26724 | 24699 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988737, 24.940%, 1/28/2030 †x# | Upstart | 2/05/2025 | 40144 | 40144 | 37163 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4988933, 23.690%, 1/28/2030 †x# | Upstart | 2/05/2025 | 43418 | 43418 | 40201 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989017, 24.080%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 42238 | 42238 | 39828 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989099, 16.620%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 37340 | 37340 | 36168 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989228, 21.350%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 37521 | 37521 | 35389 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989300, 26.870%, 1/28/2030 †x# | Upstart | 2/05/2025 | 29724 | 29724 | 27510 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989343, 23.380%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 29854 | 29854 | 28445 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989415, 15.410%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 35808 | 35808 | 34683 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989455, 22.180%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 34814 | 34814 | 32834 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989661, 23.420%, 6/28/2030 †x# | Upstart | 2/05/2025 | 41907 | 41907 | 39619 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989688, 29.000%, 11/28/2030 †x | Upstart | 2/05/2025 | 31997 | 31997 | 29628 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989781, 28.800%, 6/28/2030 †x# | Upstart | 2/05/2025 | 35371 | 35371 | 33044 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989856, 21.970%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 34966 | 34966 | 33871 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4989923, 31.870%, 6/28/2030 †x# | Upstart | 2/05/2025 | 40761 | 40761 | 37651 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4990043, 18.040%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 23898 | 23898 | 22838 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4990090, 23.010%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 26312 | 26312 | 24813 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4990126, 28.340%, 1/28/2030 †x# | Upstart | 2/05/2025 | 39561 | 39561 | 36607 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4990146, 28.290%, 1/28/2030 †x# | Upstart | 2/05/2025 | 41755 | 41755 | 38640 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4990237, 19.650%, 1/28/2030 †x | Upstart | 2/05/2025 | 21346 | 21410 | 20353 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4990265, 16.940%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 42107 | 42230 | 40785 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4991490, 26.270%, 2/03/2030 †x | Upstart | 2/06/2025 | 25058 | 25058 | 23233 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4991764, 15.280%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 28767 | 28832 | 27877 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4992710, 30.800%, 2/03/2030 †x | Upstart | 2/06/2025 | 44624 | 44624 | 41324 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4992762, 17.610%, 2/18/2030 †x# | Upstart | 2/06/2025 | 44381 | 44381 | 39800 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4992768, 18.310%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 23534 | 23534 | 22455 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4992792, 14.660%, 2/06/2030 †x◇ | Upstart | 2/11/2025 | 42690 | 42690 | 41349 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4993911, 15.510%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 28000 | 28000 | 27127 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM4995571, 18.650%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 41415 | 41536 | 39515 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5001508, 29.750%, 2/05/2030 †x | Upstart | 2/10/2025 | 24727 | 24727 | 22944 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5006254, 12.920%, 2/06/2030 †x#◇ | Upstart | 2/11/2025 | 42426 | 42426 | 41092 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5006447, 19.880%, 2/06/2030 †x◇ | Upstart | 2/11/2025 | 43502 | 43502 | 41535 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5169500, 22.040%, 4/01/2030 †x | Upstart | 4/04/2025 | 25822 | 25822 | 23910 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**218** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5169709, 16.790%, 4/01/2028 †x◇ | Upstart | 4/04/2025 | $36052 | $36131 | $34925 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5173094, 29.250%, 4/02/2028 †x | Upstart | 4/07/2025 | 39360 | 39360 | 36723 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5174720, 29.830%, 4/02/2030 †x | Upstart | 4/07/2025 | 27116 | 27116 | 25113 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5289130, 16.480%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 31428 | 31428 | 30394 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5300224, 30.490%, 5/15/2030 †x | Upstart | 5/09/2025 | 36612 | 36612 | 34039 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5320150, 16.110%, 5/09/2030 †x◇ | Upstart | 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22027 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5330165, 31.170%, 5/12/2030 †x | Upstart | 5/15/2025 | 25418 | 25418 | 23707 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5351449, 26.760%, 5/16/2030 †x# | Upstart | 5/21/2025 | 23925 | 23925 | 22328 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5352236, 17.200%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 24137 | 24137 | 23383 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5352491, 19.510%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 40540 | 40540 | 38632 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5357318, 24.520%, 9/19/2030 †x# | Upstart | 5/22/2025 | 38996 | 38996 | 36785 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5431853, 31.990%, 10/03/2030 †x# | Upstart | 6/06/2025 | 23801 | 23801 | 22529 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5443639, 32.320%, 6/05/2030 †x# | Upstart | 6/10/2025 | 36559 | 36677 | 33954 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5447259, 32.360%, 6/05/2030 †x | Upstart | 6/10/2025 | 26934 | 26934 | 25077 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5454221, 31.720%, 11/19/2030 †x# | Upstart | 6/12/2025 | 23170 | 23170 | 22618 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5480026, 19.880%, 6/11/2030 †x# | Upstart | 6/16/2025 | 33966 | 33966 | 32363 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5487961, 31.290%, 6/13/2030 †x | Upstart | 6/18/2025 | 35874 | 35874 | 33469 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5492620, 15.980%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 41341 | 41341 | 40032 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5510142, 16.990%, 6/17/2030 †x◇ | Upstart | 6/23/2025 | 44430 | 44430 | 43046 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5527039, 19.730%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 45716 | 45716 | 43650 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5531358, 29.270%, 6/23/2030 †§x | Upstart | 6/26/2025 | 21947 | 21947 | 20593 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5534283, 21.860%, 8/23/2030 †x# | Upstart | 6/26/2025 | 22695 | 22695 | 22126 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5537106, 24.540%, 6/23/2030 †x | Upstart | 6/26/2025 | 31515 | 31515 | 29621 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5543119, 30.060%, 7/01/2030 †§x# | Upstart | 6/27/2025 | 28256 | 28256 | 26648 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5545681, 29.350%, 6/24/2028 †x | Upstart | 6/27/2025 | 25001 | 25001 | 23581 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5545754, 28.650%, 11/24/2030 †x# | Upstart | 6/27/2025 | 33310 | 33310 | 31668 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5700360, 26.500%, 7/23/2028 †x | Upstart | 7/28/2025 | 29871 | 29871 | 28382 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5702327, 32.060%, 7/23/2030 †x | Upstart | 7/28/2025 | 22978 | 22978 | 21865 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5703978, 29.680%, 7/25/2030 †x#◇ | Upstart | 7/30/2025 | 22192 | 22192 | 21331 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5710137, 16.010%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 22284 | 22284 | 21947 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5711315, 29.740%, 7/25/2030 †x | Upstart | 7/30/2025 | 47295 | 47295 | 45060 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5711338, 28.900%, 7/25/2030 †x#◇ | Upstart | 7/30/2025 | 21159 | 21159 | 20537 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5712796, 29.430%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 32949 | 32949 | 31976 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5713356, 28.480%, 7/25/2030 †x# | Upstart | 7/30/2025 | 26851 | 26851 | 25584 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5713386, 28.150%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 46695 | 46695 | 45546 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5716162, 27.200%, 7/28/2030 †x#◇ | Upstart | 7/31/2025 | 27238 | 27324 | 26379 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5717813, 30.180%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 26347 | 26347 | 24878 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5718341, 23.420%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 38265 | 38265 | 37210 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5727921, 29.530%, 8/01/2030 †x | Upstart | 8/01/2025 | 46673 | 46673 | 44248 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5728490, 30.400%, 8/01/2030 †§x | Upstart | 8/01/2025 | 26432 | 26432 | 25058 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5730256, 25.500%, 8/01/2030 †§x | Upstart | 8/01/2025 | 45137 | 45137 | 43860 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5731451, 28.410%, 8/01/2030 †x | Upstart | 8/01/2025 | 27688 | 27688 | 26250 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5735307, 29.820%, 8/01/2028 †§x | Upstart | 8/04/2025 | 21747 | 21747 | 20518 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5735804, 29.960%, 8/01/2030 †§x | Upstart | 8/04/2025 | 47710 | 47710 | 45230 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5736183, 32.280%, 8/01/2030 †§x# | Upstart | 8/04/2025 | 23402 | 23402 | 21988 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5740453, 31.870%, 8/01/2030 †§x | Upstart | 8/05/2025 | 23369 | 23369 | 22152 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5740721, 31.790%, 1/01/2031 †x# | Upstart | 8/05/2025 | 24111 | 24111 | 23387 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5787420, 14.430%, 8/19/2030 †§x | Upstart | 8/22/2025 | 26379 | 26379 | 25960 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5803509, 30.970%, 8/11/2030 †x | Upstart | 8/14/2025 | 23316 | 23316 | 22128 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5803875, 27.730%, 8/11/2028 †x | Upstart | 8/14/2025 | 42803 | 42803 | 41345 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5805694, 32.260%, 8/11/2030 †§x | Upstart | 8/14/2025 | 34270 | 34270 | 32521 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5818862, 30.550%, 8/13/2028 †§x | Upstart | 8/18/2025 | 26541 | 26541 | 25129 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5822275, 28.730%, 8/14/2030 †x | Upstart | 8/19/2025 | 32641 | 32748 | 31034 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5828044, 25.700%, 8/15/2030 †§x | Upstart | 8/20/2025 | 34137 | 34241 | 32482 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5830172, 15.520%, 8/15/2030 †x | Upstart | 8/20/2025 | 31024 | 31024 | 30543 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5831186, 14.440%, 8/18/2030 †x | Upstart | 8/21/2025 | 28358 | 28450 | 27936 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**219** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5831931, 29.650%, 8/18/2030 †x | Upstart | 8/21/2025 | $27947 | $27947 | $26628 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5836145, 29.900%, 8/18/2030 †x | Upstart | 8/21/2025 | 23195 | 23195 | 22007 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5837370, 32.380%, 8/18/2030 †§x | Upstart | 8/21/2025 | 28266 | 28266 | 25605 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5837961, 25.590%, 8/18/2030 †x | Upstart | 8/21/2025 | 37330 | 37330 | 35429 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5838620, 20.930%, 8/18/2030 †x | Upstart | 8/21/2025 | 37446 | 37446 | 36592 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5839038, 21.660%, 8/18/2030 †x | Upstart | 8/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45936 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5839506, 27.340%, 8/18/2030 †§x | Upstart | 8/21/2025 | 42303 | 42303 | 40313 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5839621, 28.970%, 8/18/2030 †§x | Upstart | 8/21/2025 | 35959 | 35959 | 32758 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5839639, 31.010%, 8/18/2030 †§x | Upstart | 8/21/2025 | 23891 | 23891 | 22761 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5840712, 20.170%, 8/18/2030 †x | Upstart | 8/21/2025 | 32045 | 32045 | 31318 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5842591, 29.770%, 8/19/2030 †§x | Upstart | 8/22/2025 | 23658 | 23658 | 22554 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5843130, 29.890%, 8/19/2030 †x | Upstart | 8/22/2025 | 36638 | 36638 | 34928 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5844468, 22.810%, 8/19/2028 †x | Upstart | 8/22/2025 | 42874 | 42874 | 41575 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5845735, 16.910%, 8/19/2030 †§x | Upstart | 8/22/2025 | 23353 | 23353 | 23003 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5846017, 23.010%, 8/19/2030 †x | Upstart | 8/22/2025 | 46736 | 46736 | 45582 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5850459, 10.560%, 8/20/2030 †x | Upstart | 8/25/2025 | 23033 | 23033 | 23211 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5856598, 25.890%, 8/22/2030 †x | Upstart | 8/27/2025 | 23902 | 23902 | 22829 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5866161, 13.790%, 8/25/2030 †x | Upstart | 8/28/2025 | 46425 | 46425 | 46410 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5872650, 30.580%, 8/26/2030 †x | Upstart | 8/29/2025 | 30855 | 30855 | 29407 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5875134, 30.850%, 8/26/2028 †x | Upstart | 8/29/2025 | 38229 | 38308 | 36358 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5960498, 23.530%, 9/16/2030 †§x | Upstart | 9/19/2025 | 41991 | 41991 | 41058 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5971434, 26.900%, 10/02/2030 †§x | Upstart | 9/19/2025 | 47116 | 47116 | 45956 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5998907, 20.200%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 27661 | 27661 | 27023 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM5999659, 23.210%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 42450 | 42450 | 41604 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6001480, 31.350%, 9/22/2028 †x◇ | Upstart | 9/25/2025 | 25378 | 25378 | 24157 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6011528, 32.920%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 31563 | 31563 | 30313 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6019248, 14.680%, 9/25/2028 †x◇ | Upstart | 9/30/2025 | 23130 | 23130 | 22962 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6030059, 32.390%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 23976 | 24059 | 23053 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6195234, 20.590%, 11/01/2030 †§x | Upstart | 11/03/2025 | 25491 | 25491 | 25095 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6196816, 26.640%, 11/06/2030 †§x | Upstart | 11/03/2025 | 49082 | 49236 | 47744 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6196943, 30.710%, 11/01/2030 †§x | Upstart | 11/03/2025 | 23351 | 23351 | 22712 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6201362, 27.740%, 11/01/2030 †§x | Upstart | 11/04/2025 | 48057 | 48057 | 46009 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6691808, 14.740%, 1/28/2031 †§x | Upstart | 2/03/2026 | 28045 | 28045 | 27904 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6692082, 31.820%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 24200 | 24200 | 23811 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6694400, 29.670%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 50000 | 50175 | 49188 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6694465, 25.160%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 49900 | 49900 | 49333 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6695210, 18.250%, 1/28/2029 †x# | Upstart | 2/04/2026 | 22500 | 22500 | 22272 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6695337, 10.250%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 30300 | 30300 | 30238 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6695408, 17.500%, 1/28/2031 †x# | Upstart | 2/04/2026 | 22000 | 22000 | 21881 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6695578, 17.450%, 1/28/2031 †x# | Upstart | 2/04/2026 | 32100 | 32100 | 31926 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6696576, 29.000%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 33500 | 33617 | 32957 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6696887, 32.160%, 1/28/2029 †§x# | Upstart | 2/04/2026 | 29500 | 29500 | 28986 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6780581, 27.960%, 2/17/2031 †x | Upstart | 2/20/2026 | 21100 | 21100 | 20938 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6780854, 25.910%, 2/17/2031 †x | Upstart | 2/20/2026 | 27800 | 27800 | 27592 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6781208, 29.440%, 2/17/2031 †§x | Upstart | 2/20/2026 | 26000 | 26000 | 25796 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6783114, 22.370%, 2/17/2031 †§x | Upstart | 2/20/2026 | 23700 | 23700 | 23585 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6784840, 29.670%, 2/17/2031 †§x | Upstart | 2/20/2026 | 49000 | 49000 | 48615 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6786018, 21.460%, 2/17/2029 †§x | Upstart | 2/20/2026 | 48300 | 48300 | 48049 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6786540, 31.450%, 2/17/2031 †§x | Upstart | 2/20/2026 | 40200 | 40341 | 39877 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6786645, 20.310%, 2/17/2031 †§x | Upstart | 2/20/2026 | 24700 | 24786 | 24585 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6787365, 17.920%, 2/17/2031 †§x | Upstart | 2/20/2026 | 23000 | 23000 | 22926 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6787720, 18.850%, 2/17/2031 †§x | Upstart | 2/20/2026 | 27800 | 27800 | 27675 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6788136, 18.920%, 2/17/2029 †§x | Upstart | 2/20/2026 | 30700 | 30700 | 30548 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6788438, 28.120%, 2/17/2031 †§x | Upstart | 2/20/2026 | 23100 | 23100 | 22922 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6789464, 18.440%, 2/17/2031 †§x | Upstart | 2/20/2026 | 33400 | 33517 | 33227 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6789580, 29.790%, 2/17/2031 †x | Upstart | 2/20/2026 | 44100 | 44100 | 43753 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**220** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6789829, 16.900%, 2/17/2031 †§x | Upstart | 2/20/2026 | $22700 | $22700 | $22629 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6791933, 20.180%, 2/18/2031 †§x | Upstart | 2/23/2026 | 50000 | 50000 | 49782 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6792325, 30.480%, 2/18/2031 †§x | Upstart | 2/23/2026 | 35500 | 35500 | 35236 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6792628, 17.890%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22300 | 22300 | 22232 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6794427, 30.040%, 2/18/2031 †§x | Upstart | 2/23/2026 | 20600 | 20600 | 20448 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6795294, 9.570%, 2/18/2031 †§x | Upstart | 2/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33856 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6795609, 20.990%, 2/18/2031 †§x | Upstart | 2/23/2026 | 25300 | 25300 | 25172 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6796109, 31.310%, 2/18/2031 †§x | Upstart | 2/23/2026 | 34600 | 34600 | 34340 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6797455, 20.370%, 2/19/2031 †x | Upstart | 2/24/2026 | 25000 | 25000 | 24883 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6797531, 20.320%, 2/19/2031 †§x | Upstart | 2/24/2026 | 35000 | 35123 | 34891 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6797601, 28.690%, 2/19/2031 †§x | Upstart | 2/24/2026 | 48300 | 48300 | 47974 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6800984, 19.950%, 2/19/2031 †§x | Upstart | 2/24/2026 | 34000 | 34119 | 33843 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6801654, 26.520%, 2/19/2031 †§x | Upstart | 2/24/2026 | 22300 | 22300 | 22154 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6802042, 17.160%, 2/19/2031 †x | Upstart | 2/24/2026 | 25000 | 25000 | 24929 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6802095, 14.980%, 2/19/2031 †§x | Upstart | 2/24/2026 | 36000 | 36000 | 35871 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6802108, 23.420%, 2/19/2031 †§x | Upstart | 2/24/2026 | 26700 | 26700 | 26583 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6802642, 22.830%, 2/19/2031 †§x | Upstart | 2/24/2026 | 50000 | 50000 | 49832 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6803322, 31.660%, 2/20/2031 †§x | Upstart | 2/25/2026 | 24700 | 24700 | 24539 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6803352, 30.620%, 2/20/2029 †§x | Upstart | 2/25/2026 | 24200 | 24200 | 24039 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6803536, 30.390%, 2/20/2031 †§x | Upstart | 2/25/2026 | 35600 | 35600 | 35372 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6804636, 31.640%, 2/20/2031 †§x | Upstart | 2/25/2026 | 21700 | 21700 | 21559 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6804779, 20.650%, 2/20/2031 †§x | Upstart | 2/25/2026 | 22800 | 22800 | 22701 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6805344, 32.250%, 2/20/2031 †§x | Upstart | 2/25/2026 | 20700 | 20772 | 20564 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6805403, 17.510%, 2/20/2029 †§x | Upstart | 2/25/2026 | 25000 | 25000 | 24903 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6805812, 27.250%, 2/20/2031 †§x | Upstart | 2/25/2026 | 32000 | 32000 | 31857 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6806390, 24.440%, 2/20/2031 †§x | Upstart | 2/25/2026 | 22200 | 22200 | 22071 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6807220, 25.080%, 2/20/2031 †§x | Upstart | 2/25/2026 | 45700 | 45700 | 45482 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6807362, 29.430%, 2/20/2031 †§x | Upstart | 2/25/2026 | 29400 | 29400 | 29215 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6807429, 32.230%, 2/20/2031 †§x | Upstart | 2/25/2026 | 29100 | 29202 | 28909 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6807837, 31.350%, 2/20/2031 †§x | Upstart | 2/25/2026 | 23900 | 23900 | 23745 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6808543, 19.780%, 2/23/2031 †§x | Upstart | 2/26/2026 | 30000 | 30000 | 29903 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6808873, 26.470%, 2/23/2031 †§x | Upstart | 2/26/2026 | 45900 | 45900 | 45724 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6808943, 27.650%, 2/23/2031 †x | Upstart | 2/26/2026 | 50000 | 50000 | 49802 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6813613, 29.420%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 38400 | 38400 | 38217 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6814613, 17.390%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 22700 | 22700 | 22638 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6814857, 32.170%, 2/23/2031 †§x | Upstart | 2/26/2026 | 36100 | 36226 | 35919 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6815958, 30.010%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24900 | 24900 | 24780 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6816688, 29.540%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49794 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6817053, 21.230%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 33400 | 33400 | 33297 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6817277, 30.060%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 29200 | 29200 | 29059 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6817296, 15.910%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 33300 | 33300 | 33230 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6818211, 18.810%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 25600 | 25600 | 25527 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6822003, 28.460%, 2/24/2031 †x | Upstart | 2/27/2026 | 30400 | 30400 | 30400 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6822216, 18.270%, 2/24/2031 †x | Upstart | 2/27/2026 | 23000 | 23000 | 23000 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6822256, 29.720%, 2/24/2031 †x | Upstart | 2/27/2026 | 23700 | 23700 | 23700 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6822594, 26.650%, 2/24/2029 †x | Upstart | 2/27/2026 | 49200 | 49372 | 49200 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6822782, 32.010%, 2/24/2031 †x | Upstart | 2/27/2026 | 24700 | 24700 | 24700 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6823057, 20.310%, 2/24/2031 †x | Upstart | 2/27/2026 | 24200 | 24200 | 24200 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6823189, 31.780%, 2/24/2031 †x | Upstart | 2/27/2026 | 23600 | 23600 | 23600 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6824060, 17.090%, 2/24/2031 †x | Upstart | 2/27/2026 | 44900 | 44900 | 44900 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6824163, 32.150%, 2/24/2031 †x | Upstart | 2/27/2026 | 36700 | 36828 | 36700 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6824194, 22.050%, 2/24/2031 †x | Upstart | 2/27/2026 | 24000 | 24000 | 24000 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6824389, 18.750%, 2/24/2031 †x | Upstart | 2/27/2026 | 49500 | 49500 | 49500 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6824668, 30.420%, 2/24/2031 †x | Upstart | 2/27/2026 | 20100 | 20100 | 20100 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6825011, 25.360%, 2/24/2031 †x | Upstart | 2/27/2026 | 30000 | 30000 | 30000 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBM6825025, 26.640%, 2/24/2031 †x | Upstart | 2/27/2026 | 33000 | 33000 | 33000 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**221** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4501383, 18.540%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | $26587 | $26587 | $26627 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4501437, 8.360%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 36284 | 36284 | 36295 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4501499, 24.280%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 36136 | 36136 | 35239 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4501520, 21.710%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 35837 | 35837 | 35316 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4501594, 20.150%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39076 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4501672, 30.050%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 28670 | 28670 | 28026 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4501972, 21.920%, 8/06/2029 †x#◇ | Upstart | 8/09/2024 | 40157 | 40157 | 40265 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4502682, 25.520%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 32755 | 32755 | 31993 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4502784, 29.000%, 1/05/2030 †x# | Upstart | 8/08/2024 | 25361 | 25361 | 24590 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4502897, 9.540%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 20273 | 20273 | 20551 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4502919, 22.530%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 40341 | 40341 | 39793 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4504823, 24.220%, 8/05/2029 †x#◇ | Upstart | 8/08/2024 | 30441 | 30441 | 29807 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4507295, 30.000%, 11/05/2029 †x# | Upstart | 8/08/2024 | 22736 | 22800 | 22210 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4507313, 22.290%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 22868 | 22868 | 22564 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4507491, 24.150%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 34683 | 34683 | 33892 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4509230, 18.900%, 8/06/2029 †x◇ | Upstart | 8/09/2024 | 26387 | 26387 | 26489 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4509353, 9.650%, 8/06/2029 †x◇ | Upstart | 8/09/2024 | 32121 | 32121 | 32570 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4510327, 25.760%, 8/06/2029 †x◇ | Upstart | 8/09/2024 | 22931 | 22931 | 22485 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4513268, 21.140%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 26543 | 26543 | 26267 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4513325, 27.970%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 41426 | 41426 | 40496 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4516200, 8.830%, 8/08/2029 †x#◇ | Upstart | 8/13/2024 | 37144 | 37144 | 37171 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4516204, 15.740%, 8/08/2029 †x◇ | Upstart | 8/13/2024 | 36303 | 36303 | 36782 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4516205, 12.070%, 8/08/2029 †x◇ | Upstart | 8/13/2024 | 37923 | 37923 | 38499 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4517003, 10.260%, 8/08/2029 †x◇ | Upstart | 8/13/2024 | 34175 | 34264 | 34655 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4517613, 21.510%, 8/09/2029 †x◇ | Upstart | 8/14/2024 | 40366 | 40366 | 40471 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4521166, 29.020%, 8/12/2029 †x | Upstart | 8/15/2024 | 41994 | 41994 | 38840 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4521266, 27.290%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 40464 | 40464 | 39979 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4521286, 15.780%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 21771 | 21771 | 22076 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4526868, 13.090%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 25252 | 25252 | 25626 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4527712, 23.360%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 30955 | 30955 | 30415 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4529010, 23.460%, 8/14/2029 †§x# | Upstart | 8/19/2024 | 23075 | 23075 | 22868 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4529541, 27.630%, 8/14/2029 †x◇ | Upstart | 8/19/2024 | 20679 | 20679 | 20300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4529552, 24.600%, 8/14/2029 †§x | Upstart | 8/19/2024 | 25517 | 25517 | 25592 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4530178, 32.020%, 8/14/2029 †§x# | Upstart | 8/19/2024 | 39643 | 39643 | 39004 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4531353, 27.510%, 8/15/2029 †§x | Upstart | 8/20/2024 | 27998 | 27998 | 28099 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4532622, 17.120%, 1/15/2030 †x# | Upstart | 8/20/2024 | 21107 | 21107 | 21381 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4535719, 26.750%, 8/19/2029 †§x# | Upstart | 8/22/2024 | 25154 | 25154 | 23451 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4535754, 27.380%, 4/20/2030 †x# | Upstart | 8/23/2024 | 45017 | 45017 | 43976 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4535951, 28.280%, 8/19/2029 †§x | Upstart | 8/22/2024 | 20982 | 20982 | 20710 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4536255, 23.930%, 8/19/2029 †§x | Upstart | 8/22/2024 | 39006 | 39006 | 38726 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4536575, 29.560%, 8/19/2029 †x | Upstart | 8/22/2024 | 29866 | 29866 | 29483 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4536718, 28.900%, 8/19/2029 †x | Upstart | 8/22/2024 | 38060 | 38060 | 35481 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4536793, 28.790%, 1/19/2030 †x# | Upstart | 8/22/2024 | 47162 | 47162 | 48193 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4537343, 29.030%, 8/19/2029 †§x# | Upstart | 8/22/2024 | 28780 | 28780 | 26798 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4537479, 22.900%, 8/19/2029 †§x# | Upstart | 8/22/2024 | 21999 | 21999 | 21825 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4538451, 15.610%, 8/19/2029 †x◇ | Upstart | 8/22/2024 | 28720 | 28720 | 29201 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4539688, 29.280%, 6/20/2030 †x# | Upstart | 8/23/2024 | 46273 | 46273 | 43192 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4541573, 30.060%, 8/20/2029 †x | Upstart | 8/23/2024 | 21144 | 21144 | 20780 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4542055, 26.740%, 8/20/2029 †§x | Upstart | 8/23/2024 | 21744 | 21744 | 21487 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4542537, 28.990%, 8/20/2029 †§x | Upstart | 8/23/2024 | 28229 | 28229 | 27799 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4542583, 23.150%, 8/20/2029 †x# | Upstart | 8/23/2024 | 37186 | 37186 | 34688 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4542952, 28.450%, 8/20/2029 †§x# | Upstart | 8/23/2024 | 27421 | 27421 | 27032 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4544728, 15.390%, 8/21/2029 †§x | Upstart | 8/26/2024 | 38400 | 38400 | 39045 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4545208, 32.080%, 1/21/2030 †x# | Upstart | 8/26/2024 | 21700 | 21700 | 21175 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4545253, 30.000%, 8/21/2029 †x◇ | Upstart | 8/26/2024 | 23413 | 23413 | 23072 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4546858, 22.660%, 1/22/2030 †x# | Upstart | 8/27/2024 | 40195 | 40195 | 40183 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**222** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4547614, 30.050%, 8/22/2029 †§x | Upstart | 8/27/2024 | $26762 | $26762 | $26387 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4547983, 22.880%, 8/22/2029 †x | Upstart | 8/27/2024 | 20207 | 20207 | 20071 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4548017, 17.500%, 8/22/2029 †§x | Upstart | 8/27/2024 | 29633 | 29633 | 30086 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4548369, 31.510%, 8/22/2029 †§x | Upstart | 8/27/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26653 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4549522, 30.300%, 8/23/2029 †§x | Upstart | 8/28/2024 | 40806 | 40806 | 40267 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4551540, 27.940%, 8/26/2029 †§x# | Upstart | 8/29/2024 | 28097 | 28097 | 27853 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4551857, 29.190%, 6/26/2030 †x# | Upstart | 8/29/2024 | 38842 | 38842 | 37802 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4552001, 28.900%, 8/26/2029 †§x# | Upstart | 8/29/2024 | 41716 | 41716 | 40482 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4552812, 23.150%, 8/26/2029 †x | Upstart | 8/29/2024 | 40467 | 40467 | 40158 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4552902, 30.030%, 8/26/2029 †§x | Upstart | 8/29/2024 | 28081 | 28081 | 27797 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4553473, 19.960%, 8/26/2029 †§x | Upstart | 8/29/2024 | 32311 | 32311 | 32636 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4553649, 32.240%, 8/26/2029 †x | Upstart | 8/29/2024 | 20939 | 20939 | 20755 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4554957, 27.200%, 8/26/2029 †§x | Upstart | 8/29/2024 | 32365 | 32365 | 32234 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4558890, 26.450%, 1/27/2030 †x# | Upstart | 8/30/2024 | 49175 | 49175 | 49715 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4564005, 16.650%, 9/01/2029 †x#◇ | Upstart | 9/04/2024 | 22561 | 22561 | 22838 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4567789, 28.390%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 40692 | 40692 | 39689 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4567826, 31.060%, 4/03/2030 †x# | Upstart | 9/06/2024 | 37862 | 37862 | 36575 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4567960, 27.830%, 2/03/2030 †x# | Upstart | 9/06/2024 | 30124 | 30124 | 29204 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4568031, 14.850%, 9/03/2029 †x#◇ | Upstart | 9/06/2024 | 25881 | 25881 | 26211 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4568072, 23.580%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 32922 | 32922 | 32389 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4568076, 20.540%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 20132 | 20132 | 20132 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4569011, 20.260%, 9/03/2029 †x#◇ | Upstart | 9/06/2024 | 21584 | 21584 | 21263 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4569017, 31.750%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 27532 | 27532 | 26800 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4569432, 27.370%, 9/03/2029 †x#◇ | Upstart | 9/06/2024 | 38992 | 38992 | 39270 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4570726, 16.250%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 39654 | 39654 | 40104 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4571733, 28.880%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 41881 | 41881 | 40743 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4576370, 29.170%, 9/04/2029 †x◇ | Upstart | 9/09/2024 | 30630 | 30724 | 29887 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4580784, 30.070%, 9/06/2029 †x◇ | Upstart | 9/12/2024 | 30861 | 30802 | 30154 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4581243, 13.060%, 9/06/2029 †x◇ | Upstart | 9/12/2024 | 20381 | 20366 | 20667 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4589538, 17.120%, 9/10/2029 †§x | Upstart | 9/13/2024 | 27014 | 27014 | 27354 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4590582, 15.060%, 9/10/2029 †§x | Upstart | 9/13/2024 | 35661 | 35661 | 36129 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4591536, 29.110%, 9/10/2029 †§x | Upstart | 9/13/2024 | 39322 | 39322 | 38413 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4592314, 26.540%, 9/11/2029 †§x# | Upstart | 9/16/2024 | 39144 | 39144 | 36306 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4592349, 15.410%, 9/11/2029 †x | Upstart | 9/16/2024 | 22288 | 22288 | 22604 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4592525, 29.330%, 9/11/2029 †§x | Upstart | 9/16/2024 | 24655 | 24655 | 24296 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4594402, 28.890%, 9/11/2029 †x◇ | Upstart | 9/16/2024 | 20985 | 20985 | 20512 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4594589, 28.280%, 9/11/2029 †§x | Upstart | 9/16/2024 | 41520 | 41520 | 40674 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4596176, 28.800%, 9/12/2029 †§x | Upstart | 9/17/2024 | 37139 | 37139 | 34330 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4596506, 18.630%, 9/12/2029 †x# | Upstart | 9/17/2024 | 41051 | 41051 | 38248 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4597241, 15.110%, 9/12/2029 †§x | Upstart | 9/17/2024 | 29779 | 29779 | 30209 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4597670, 22.160%, 9/13/2029 †x◇ | Upstart | 9/18/2024 | 23738 | 23738 | 23254 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4597812, 30.990%, 9/13/2029 †§x | Upstart | 9/18/2024 | 30602 | 30602 | 29938 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4597824, 28.320%, 9/16/2029 †x# | Upstart | 9/19/2024 | 33020 | 33020 | 30661 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4598082, 28.600%, 2/13/2030 †x# | Upstart | 9/18/2024 | 36635 | 36635 | 35649 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4598685, 23.350%, 2/13/2030 †x# | Upstart | 9/18/2024 | 44546 | 44546 | 41296 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4599090, 28.930%, 9/13/2029 †x#◇ | Upstart | 9/18/2024 | 28749 | 28749 | 28211 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4599098, 14.530%, 9/13/2029 †x | Upstart | 9/18/2024 | 39283 | 39283 | 39825 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4599175, 28.140%, 9/13/2029 †x◇ | Upstart | 9/18/2024 | 33603 | 33603 | 32888 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4599368, 21.670%, 9/13/2029 †§x | Upstart | 9/18/2024 | 40689 | 40689 | 40299 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4599598, 29.500%, 9/13/2029 †§x | Upstart | 9/18/2024 | 33194 | 33194 | 32499 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4599997, 30.640%, 9/13/2029 †§x | Upstart | 9/18/2024 | 22723 | 22723 | 22244 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4600014, 28.850%, 9/13/2029 †§x# | Upstart | 9/18/2024 | 40692 | 40692 | 39887 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4600430, 19.440%, 9/16/2029 †x | Upstart | 9/19/2024 | 23922 | 23922 | 22650 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4600619, 28.770%, 9/16/2029 †§x | Upstart | 9/19/2024 | 26876 | 26876 | 26350 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4600715, 21.960%, 9/16/2029 †§x | Upstart | 9/19/2024 | 27851 | 27851 | 27559 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4601822, 26.480%, 9/16/2029 †§x | Upstart | 9/19/2024 | 24145 | 24145 | 22408 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**223** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4601838, 21.170%, 9/16/2029 †x◇ | Upstart | 9/19/2024 | $40677 | $40677 | $39917 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4602454, 16.670%, 9/16/2029 †x | Upstart | 9/19/2024 | 39746 | 39746 | 40300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4602704, 19.890%, 9/17/2029 †§x | Upstart | 9/20/2024 | 25622 | 25622 | 24360 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4605285, 20.990%, 9/16/2029 †x◇ | Upstart | 9/19/2024 | 36983 | 36983 | 37129 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4607521, 24.860%, 9/17/2027 †§x | Upstart | 9/20/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20402 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4607656, 31.750%, 9/17/2029 †§x | Upstart | 9/20/2024 | 33539 | 33539 | 31080 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4609487, 25.820%, 9/18/2029 †§x | Upstart | 9/23/2024 | 23700 | 23700 | 23272 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4612574, 16.500%, 9/19/2029 †§x | Upstart | 9/24/2024 | 36137 | 36137 | 36665 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4613089, 29.570%, 2/19/2030 †x# | Upstart | 9/24/2024 | 35582 | 35582 | 33140 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4613169, 27.500%, 9/19/2029 †§x# | Upstart | 9/24/2024 | 21250 | 21250 | 20902 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4631713, 24.820%, 10/04/2029 †§x# | Upstart | 10/09/2024 | 22564 | 22564 | 21180 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4633540, 29.760%, 10/01/2029 †§x# | Upstart | 10/04/2024 | 33849 | 33849 | 31681 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4640098, 24.560%, 10/01/2027 †§x | Upstart | 10/04/2024 | 26275 | 26275 | 25569 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4640805, 31.850%, 10/01/2029 †§x# | Upstart | 10/04/2024 | 22414 | 22414 | 21025 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4641375, 24.950%, 10/01/2029 †§x | Upstart | 10/04/2024 | 36717 | 36717 | 34497 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4642404, 22.630%, 10/02/2029 †§x | Upstart | 10/07/2024 | 32171 | 32171 | 30664 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4645944, 15.010%, 10/03/2029 †§x | Upstart | 10/08/2024 | 31100 | 31100 | 30456 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4647134, 19.810%, 10/03/2029 †x# | Upstart | 10/08/2024 | 26189 | 26264 | 25245 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4647516, 22.030%, 10/03/2029 †§x | Upstart | 10/08/2024 | 21835 | 21835 | 20506 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4647542, 27.920%, 10/03/2029 †§x | Upstart | 10/08/2024 | 27325 | 27325 | 25615 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4649474, 14.270%, 10/04/2029 †§x | Upstart | 10/09/2024 | 39933 | 39933 | 39067 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4650058, 27.050%, 3/04/2030 †x | Upstart | 10/09/2024 | 35230 | 35230 | 33103 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4650222, 17.980%, 10/04/2029 †§x | Upstart | 10/09/2024 | 40697 | 40697 | 39804 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4650891, 26.710%, 10/04/2029 †§x | Upstart | 10/09/2024 | 41244 | 41244 | 38695 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4650922, 28.730%, 10/04/2029 †§x | Upstart | 10/09/2024 | 25361 | 25439 | 23782 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4653140, 31.970%, 10/07/2029 †§x | Upstart | 10/10/2024 | 34240 | 34240 | 32137 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4654458, 27.550%, 10/07/2029 †x | Upstart | 10/10/2024 | 24143 | 24143 | 22692 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4662118, 24.150%, 8/08/2030 †x# | Upstart | 10/11/2024 | 23132 | 23132 | 20741 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4664948, 17.330%, 10/09/2029 †§x | Upstart | 10/15/2024 | 32454 | 32454 | 31313 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4665278, 24.450%, 10/09/2029 †§x | Upstart | 10/15/2024 | 41855 | 41855 | 39977 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4667320, 6.000%, 3/10/2030 †x | Upstart | 10/16/2024 | 22655 | 22655 | 21350 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4667359, 30.590%, 10/10/2029 †§x | Upstart | 10/16/2024 | 42773 | 42773 | 40233 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4667859, 28.610%, 10/10/2029 †§x | Upstart | 10/16/2024 | 24456 | 24456 | 23019 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4667924, 22.490%, 4/10/2030 †x# | Upstart | 10/16/2024 | 44468 | 44468 | 42314 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4668091, 28.690%, 10/10/2029 †§x | Upstart | 10/16/2024 | 42690 | 42690 | 40166 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4668508, 31.070%, 10/11/2029 †§x | Upstart | 10/17/2024 | 38260 | 38260 | 35997 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4670310, 27.400%, 10/11/2029 †§x | Upstart | 10/17/2024 | 34057 | 34057 | 32070 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4670503, 30.890%, 10/11/2029 †§x | Upstart | 10/17/2024 | 25577 | 25577 | 24065 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4671498, 27.700%, 10/15/2029 †§x | Upstart | 10/18/2024 | 23980 | 23980 | 22629 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4671819, 21.030%, 10/15/2029 †§x | Upstart | 10/18/2024 | 22603 | 22603 | 21830 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4672243, 27.110%, 10/15/2029 †§x | Upstart | 10/18/2024 | 27657 | 27657 | 26102 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4672319, 29.820%, 10/15/2029 †§x | Upstart | 10/18/2024 | 23428 | 23428 | 22148 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4672392, 28.310%, 10/15/2029 †§x | Upstart | 10/18/2024 | 42199 | 42199 | 39816 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4672634, 28.790%, 10/15/2029 †§x | Upstart | 10/18/2024 | 32287 | 32287 | 30460 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4673339, 24.920%, 10/15/2029 †x | Upstart | 10/18/2024 | 42028 | 42028 | 39683 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4673414, 27.960%, 10/15/2029 †§x | Upstart | 10/18/2024 | 25284 | 25284 | 23858 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4673639, 28.930%, 10/15/2029 †§x | Upstart | 10/18/2024 | 34032 | 34032 | 32106 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4673854, 6.000%, 3/15/2030 †x | Upstart | 10/18/2024 | 36596 | 36596 | 34361 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4674010, 16.280%, 3/15/2030 †x | Upstart | 10/18/2024 | 41099 | 41099 | 39874 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4674035, 19.610%, 10/15/2029 †x# | Upstart | 10/18/2024 | 34618 | 34618 | 33475 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4674858, 27.140%, 10/15/2027 †§x | Upstart | 10/18/2024 | 25326 | 25326 | 24677 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4675471, 32.320%, 10/15/2029 †§x | Upstart | 10/18/2024 | 33762 | 33762 | 31896 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4675950, 18.960%, 10/15/2029 †§x# | Upstart | 10/18/2024 | 40260 | 40260 | 38952 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4677207, 16.310%, 10/15/2029 †x | Upstart | 10/18/2024 | 29988 | 30070 | 29419 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4681033, 14.600%, 10/16/2029 †x | Upstart | 10/21/2024 | 22562 | 22562 | 22113 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4776467, 28.890%, 11/20/2029 †§x# | Upstart | 11/25/2024 | 24551 | 24551 | 23077 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**224** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4777135, 29.030%, 11/20/2029 †§x | Upstart | 11/25/2024 | $29034 | $29034 | $27300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4777569, 28.600%, 11/20/2029 †§x# | Upstart | 11/25/2024 | 34481 | 34481 | 32427 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4777969, 25.880%, 1/20/2030 †x# | Upstart | 11/25/2024 | 45470 | 45470 | 43215 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4778052, 20.570%, 11/20/2029 †§x | Upstart | 11/25/2024 | 21744 | 21744 | 20418 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4779658, 21.070%, 11/21/2029 †§x | Upstart | 11/26/2024 | 28666 | 28666 | 27298 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4779799, 30.020%, 11/21/2029 †x | Upstart | 11/26/2024 | 43330 | 43330 | 40669 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4780467, 29.270%, 11/21/2029 †§x# | Upstart | 11/26/2024 | 32623 | 32623 | 30623 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4781053, 23.290%, 11/21/2029 †§x | Upstart | 11/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26856 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4781070, 24.540%, 11/21/2029 †§x | Upstart | 11/26/2024 | 41667 | 41667 | 39668 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4781105, 14.030%, 11/21/2029 †x | Upstart | 11/26/2024 | 40563 | 40563 | 39478 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4781614, 28.690%, 11/21/2029 †§x | Upstart | 11/26/2024 | 24715 | 24715 | 23200 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4781968, 30.280%, 4/21/2030 †x# | Upstart | 11/26/2024 | 38318 | 38318 | 36021 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4782438, 32.270%, 11/22/2029 †§x | Upstart | 11/27/2024 | 21485 | 21485 | 20173 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4782947, 28.210%, 11/22/2029 †§x | Upstart | 11/27/2024 | 21566 | 21566 | 20256 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4782948, 29.290%, 11/22/2029 †§x | Upstart | 11/27/2024 | 26676 | 26676 | 25054 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4782984, 19.460%, 11/22/2029 †x | Upstart | 11/27/2024 | 24587 | 24587 | 23648 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4784828, 20.320%, 11/22/2029 †x# | Upstart | 11/27/2024 | 27756 | 27756 | 26483 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4785435, 22.720%, 11/25/2029 †§x | Upstart | 11/29/2024 | 22793 | 22793 | 21911 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4785437, 23.100%, 11/25/2029 †x | Upstart | 11/29/2024 | 42268 | 42268 | 40303 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4789550, 21.590%, 11/25/2029 †x | Upstart | 11/29/2024 | 20983 | 20983 | 20198 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4791483, 16.150%, 11/25/2029 †x | Upstart | 11/29/2024 | 23278 | 23278 | 22671 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4792988, 22.910%, 11/26/2029 †§x | Upstart | 12/02/2024 | 38434 | 38434 | 36719 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4794731, 30.590%, 11/26/2029 †§x# | Upstart | 12/02/2024 | 35601 | 35601 | 32967 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4794929, 32.130%, 11/26/2029 †§x | Upstart | 12/02/2024 | 21315 | 21315 | 20098 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4797265, 32.100%, 11/27/2029 †§x | Upstart | 12/03/2024 | 43650 | 43650 | 41154 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4797819, 28.110%, 11/27/2029 †§x# | Upstart | 12/03/2024 | 34530 | 34530 | 32011 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4798634, 23.400%, 11/27/2029 †§x# | Upstart | 12/03/2024 | 33147 | 33147 | 31669 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4798915, 10.970%, 11/27/2029 †x | Upstart | 12/03/2024 | 25080 | 25080 | 24874 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4799741, 29.730%, 12/01/2029 †§x | Upstart | 12/04/2024 | 25714 | 25714 | 23799 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4800106, 28.190%, 12/01/2029 †§x | Upstart | 12/04/2024 | 24349 | 24349 | 22538 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4800109, 29.880%, 12/01/2029 †x# | Upstart | 12/04/2024 | 35773 | 35773 | 33108 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4800134, 28.570%, 12/01/2029 †x | Upstart | 12/04/2024 | 35092 | 35092 | 32481 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4800252, 11.530%, 12/01/2027 †§x | Upstart | 12/04/2024 | 31072 | 31072 | 30789 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4800308, 23.110%, 12/01/2029 †x | Upstart | 12/04/2024 | 28609 | 28609 | 26991 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4800456, 6.000%, 12/01/2029 †x# | Upstart | 12/04/2024 | 22013 | 22013 | 20444 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4800479, 28.350%, 12/01/2029 †x | Upstart | 12/04/2024 | 29883 | 29883 | 27660 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4842091, 25.850%, 12/23/2027 †§x | Upstart | 12/27/2024 | 24821 | 24821 | 23955 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4855295, 23.230%, 12/16/2029 †x# | Upstart | 12/19/2024 | 33485 | 33577 | 31355 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4855302, 31.470%, 12/16/2029 †§x | Upstart | 12/19/2024 | 35695 | 35695 | 33353 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4855510, 30.910%, 12/16/2029 †§x | Upstart | 12/19/2024 | 33343 | 33343 | 31157 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4856027, 28.840%, 12/16/2029 †§x# | Upstart | 12/19/2024 | 22787 | 22787 | 21334 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4856396, 29.270%, 12/16/2029 †§x# | Upstart | 12/19/2024 | 43817 | 43817 | 39493 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4856528, 22.160%, 12/16/2029 †x | Upstart | 12/19/2024 | 21958 | 21958 | 21037 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4856792, 28.040%, 12/16/2029 †§x | Upstart | 12/19/2024 | 34796 | 34796 | 32523 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4858551, 17.430%, 12/16/2029 †§x | Upstart | 12/19/2024 | 28717 | 28717 | 27530 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4862028, 31.850%, 5/16/2030 †x | Upstart | 12/19/2024 | 31834 | 31834 | 29756 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4862049, 22.290%, 12/16/2029 †§x | Upstart | 12/19/2024 | 42927 | 42927 | 40758 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4862516, 22.090%, 5/17/2030 †x# | Upstart | 12/20/2024 | 46373 | 46373 | 41551 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4862884, 22.240%, 12/17/2029 †§x | Upstart | 12/20/2024 | 42735 | 42735 | 40954 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4863628, 32.120%, 7/17/2030 †x# | Upstart | 12/20/2024 | 41719 | 41719 | 39168 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4863667, 17.010%, 12/17/2029 †x | Upstart | 12/20/2024 | 42021 | 42021 | 38306 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4864685, 20.530%, 5/17/2030 †x# | Upstart | 12/20/2024 | 44317 | 44317 | 42034 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4864724, 23.410%, 12/17/2029 †§x | Upstart | 12/20/2024 | 25584 | 25584 | 24516 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4864831, 22.780%, 12/17/2029 †x | Upstart | 12/20/2024 | 42840 | 42840 | 40687 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4864917, 23.420%, 12/17/2029 †§x | Upstart | 12/20/2024 | 28950 | 28950 | 25631 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4865307, 28.760%, 5/17/2030 †x# | Upstart | 12/20/2024 | 46001 | 46001 | 40621 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**225** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4866337, 30.000%, 12/17/2029 †§x | Upstart | 12/20/2024 | $23907 | $23907 | $22355 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4866594, 27.400%, 12/17/2029 †§x | Upstart | 12/20/2024 | 42436 | 42436 | 39689 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4869162, 27.330%, 12/18/2029 †§x | Upstart | 12/23/2024 | 25265 | 25265 | 23642 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4869264, 28.930%, 12/18/2029 †§x | Upstart | 12/23/2024 | 23137 | 23137 | 21648 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4870924, 28.300%, 5/18/2030 †x# | Upstart | 12/23/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24957 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4870998, 29.560%, 12/18/2027 †§x | Upstart | 12/23/2024 | 21405 | 21447 | 20583 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4871133, 19.920%, 12/18/2029 †x | Upstart | 12/23/2024 | 24046 | 24117 | 23057 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4871136, 17.680%, 12/18/2029 †§x | Upstart | 12/23/2024 | 42115 | 42115 | 40395 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4872723, 21.340%, 12/19/2029 †x | Upstart | 12/24/2024 | 34160 | 34160 | 32469 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4873224, 23.180%, 12/19/2029 †x# | Upstart | 12/24/2024 | 33874 | 33874 | 32193 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4874405, 28.040%, 12/19/2029 †§x | Upstart | 12/24/2024 | 42399 | 42399 | 39764 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4874530, 27.170%, 12/19/2029 †§x | Upstart | 12/24/2024 | 24901 | 24901 | 23660 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4874714, 29.420%, 12/19/2029 †§x | Upstart | 12/24/2024 | 40630 | 40630 | 38034 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4874878, 28.900%, 12/19/2029 †§x# | Upstart | 12/24/2024 | 30083 | 30083 | 26701 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4875073, 30.270%, 12/19/2029 †§x | Upstart | 12/24/2024 | 21839 | 21839 | 20442 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4876568, 29.240%, 12/20/2029 †§x | Upstart | 12/26/2024 | 36441 | 36441 | 32352 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4876963, 25.320%, 12/20/2029 †§x | Upstart | 12/26/2024 | 30702 | 30702 | 28765 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4877646, 30.020%, 5/20/2030 †x# | Upstart | 12/26/2024 | 27232 | 27232 | 24784 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4878166, 20.660%, 12/20/2029 †§x | Upstart | 12/26/2024 | 38896 | 38896 | 37315 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4878269, 31.770%, 12/20/2029 †§x | Upstart | 12/26/2024 | 25834 | 25834 | 24191 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4878377, 31.750%, 12/20/2029 †x | Upstart | 12/26/2024 | 27329 | 27329 | 25591 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4878740, 29.750%, 12/20/2027 †§x# | Upstart | 12/26/2024 | 34244 | 34244 | 33140 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4879751, 29.280%, 5/23/2030 †x# | Upstart | 12/27/2024 | 22159 | 22159 | 20763 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4880412, 26.070%, 12/23/2029 †x | Upstart | 12/27/2024 | 26760 | 26840 | 25149 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4881170, 28.800%, 12/23/2027 †§x | Upstart | 12/27/2024 | 24233 | 24292 | 23372 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4882655, 18.810%, 8/23/2030 †x# | Upstart | 12/27/2024 | 31344 | 31344 | 30175 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4883028, 29.970%, 12/23/2029 †§x# | Upstart | 12/27/2024 | 42044 | 42044 | 39490 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4883204, 24.070%, 5/23/2030 †x | Upstart | 12/27/2024 | 45443 | 45443 | 43203 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4883534, 25.960%, 12/23/2029 †§x# | Upstart | 12/27/2024 | 22691 | 22691 | 21329 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4885245, 20.450%, 12/23/2029 †x | Upstart | 12/27/2024 | 41739 | 41739 | 39778 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4885400, 31.790%, 1/23/2030 †x | Upstart | 12/27/2024 | 27031 | 27031 | 25322 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4886047, 15.540%, 5/23/2028 †x# | Upstart | 12/27/2024 | 33570 | 33570 | 32638 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4887081, 26.040%, 12/24/2029 †§x | Upstart | 12/30/2024 | 41889 | 41889 | 39392 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4888023, 32.030%, 3/24/2030 †x# | Upstart | 12/30/2024 | 46118 | 46118 | 43345 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4973639, 25.390%, 1/27/2030 †§x# | Upstart | 1/30/2025 | 44019 | 44019 | 41525 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4973763, 21.450%, 1/27/2030 †x# | Upstart | 1/30/2025 | 27141 | 27141 | 25863 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4973882, 27.230%, 1/27/2028 †§x# | Upstart | 1/30/2025 | 37073 | 37073 | 35854 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4974236, 25.700%, 1/27/2028 †§x | Upstart | 1/30/2025 | 35144 | 35144 | 33980 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4974283, 32.020%, 1/27/2030 †§x | Upstart | 1/30/2025 | 43905 | 43905 | 41234 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4974498, 29.950%, 1/27/2030 †§x# | Upstart | 1/30/2025 | 22252 | 22252 | 20589 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4979561, 27.350%, 1/28/2030 †§x# | Upstart | 1/31/2025 | 21393 | 21393 | 20185 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4982092, 19.440%, 1/28/2030 †x# | Upstart | 2/03/2025 | 27001 | 27001 | 25756 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4982320, 25.480%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 44236 | 44366 | 40961 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4982323, 29.990%, 1/28/2030 †§x | Upstart | 2/03/2025 | 32035 | 32035 | 30304 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4982350, 29.020%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 36639 | 36639 | 33894 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4982482, 24.880%, 1/28/2030 †x# | Upstart | 2/03/2025 | 44175 | 44175 | 21154 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4982552, 18.620%, 1/28/2030 †x# | Upstart | 2/03/2025 | 28803 | 28803 | 27468 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4982864, 20.350%, 1/28/2030 †§x | Upstart | 2/03/2025 | 30829 | 30829 | 29407 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4983116, 28.840%, 1/28/2030 †§x | Upstart | 2/03/2025 | 30303 | 30303 | 28067 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4983125, 19.740%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 26941 | 26941 | 25693 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4983592, 28.710%, 6/28/2030 †x# | Upstart | 2/03/2025 | 45804 | 45804 | 42476 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4983609, 30.010%, 1/28/2030 †x# | Upstart | 2/03/2025 | 25862 | 25862 | 23938 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4983622, 32.230%, 6/28/2030 †x# | Upstart | 2/03/2025 | 27676 | 27676 | 25758 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4983883, 29.070%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 44215 | 44215 | 40929 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4983926, 29.370%, 1/28/2030 †x# | Upstart | 2/05/2025 | 24213 | 24213 | 22399 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4984057, 25.350%, 1/28/2028 †§x# | Upstart | 2/03/2025 | 22489 | 22489 | 21223 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**226** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4984451, 13.540%, 1/28/2030 †x# | Upstart | 2/03/2025 | $26077 | $26077 | $25265 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4984583, 32.330%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 39274 | 39274 | 36345 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4984844, 22.610%, 1/28/2028 †x#◇ | Upstart | 2/04/2025 | 28711 | 28711 | 27611 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4985586, 30.130%, 1/28/2030 †x# | Upstart | 2/04/2025 | 30927 | 30927 | 28618 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4985680, 22.730%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 43853 | 43853 | 41365 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4986149, 14.120%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41216 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4986676, 12.530%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 31123 | 31123 | 30149 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4987445, 28.290%, 1/28/2030 †x# | Upstart | 2/04/2025 | 30412 | 30412 | 28148 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4987514, 25.960%, 1/28/2030 †x# | Upstart | 2/04/2025 | 28281 | 28360 | 26182 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4987570, 15.880%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 23299 | 23299 | 22572 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4987634, 32.210%, 1/28/2030 †x# | Upstart | 2/04/2025 | 22263 | 22263 | 20597 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4987680, 11.990%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 25518 | 25518 | 25255 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4988022, 19.780%, 1/28/2030 †x | Upstart | 2/05/2025 | 27407 | 27407 | 26148 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4988436, 10.580%, 1/28/2028 †x#◇ | Upstart | 2/05/2025 | 33692 | 33692 | 33286 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4988498, 19.870%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 43406 | 43406 | 41376 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4988525, 26.110%, 6/28/2030 †x# | Upstart | 2/05/2025 | 36052 | 36052 | 33322 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4991561, 32.350%, 2/03/2030 †x | Upstart | 2/06/2025 | 24585 | 24585 | 22771 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4991581, 30.400%, 2/03/2030 †x | Upstart | 2/06/2025 | 26612 | 26612 | 24655 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4992065, 27.870%, 2/03/2030 †x# | Upstart | 2/06/2025 | 45112 | 45112 | 20507 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4992295, 28.830%, 7/03/2030 †x# | Upstart | 2/06/2025 | 22144 | 22144 | 20838 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4992494, 30.710%, 2/03/2030 †x | Upstart | 2/06/2025 | 39861 | 39985 | 36929 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4993060, 28.740%, 2/03/2030 †x | Upstart | 2/06/2025 | 26576 | 26576 | 24628 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4993095, 28.150%, 2/03/2030 †x# | Upstart | 2/06/2025 | 33379 | 33379 | 30922 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4996712, 27.110%, 2/04/2030 †x# | Upstart | 2/07/2025 | 26394 | 26394 | 24461 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4996987, 30.020%, 2/03/2030 †x | Upstart | 2/06/2025 | 22631 | 22631 | 20968 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4998407, 28.180%, 2/04/2030 †x | Upstart | 2/07/2025 | 25373 | 25373 | 23528 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4998603, 32.220%, 2/04/2030 †x# | Upstart | 2/07/2025 | 45444 | 45444 | 22067 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB4999502, 31.510%, 7/04/2030 †x | Upstart | 2/07/2025 | 28768 | 28768 | 26664 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5000051, 22.860%, 2/04/2030 †x | Upstart | 2/07/2025 | 43413 | 43413 | 40994 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5001186, 22.370%, 2/04/2030 †x◇ | Upstart | 2/07/2025 | 30710 | 30710 | 29294 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5001865, 30.460%, 2/05/2030 †x | Upstart | 2/10/2025 | 23020 | 23020 | 21351 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5002906, 30.240%, 2/05/2030 †x | Upstart | 2/10/2025 | 21694 | 21694 | 20127 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5003114, 28.900%, 2/05/2030 †x | Upstart | 2/10/2025 | 24082 | 24082 | 22341 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5003175, 14.450%, 2/05/2028 †x#◇ | Upstart | 2/10/2025 | 30937 | 31009 | 30000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5004968, 22.720%, 2/06/2030 †x | Upstart | 2/11/2025 | 43927 | 43927 | 40806 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5005856, 24.530%, 7/06/2030 †x# | Upstart | 2/11/2025 | 37752 | 37752 | 35507 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5006126, 30.090%, 2/06/2028 †x | Upstart | 2/11/2025 | 37903 | 37903 | 35826 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5006483, 31.670%, 2/06/2030 †x# | Upstart | 2/11/2025 | 29827 | 29827 | 27675 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5007613, 14.680%, 2/06/2030 †x◇ | Upstart | 2/11/2025 | 42564 | 42564 | 41253 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5011076, 30.950%, 2/07/2030 †x | Upstart | 2/12/2025 | 25522 | 25522 | 23688 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5011828, 25.380%, 2/10/2030 †x | Upstart | 2/13/2025 | 26577 | 26577 | 24733 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5012219, 26.270%, 2/10/2030 †x | Upstart | 2/13/2025 | 35531 | 35531 | 33063 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5012278, 26.180%, 2/10/2030 †x | Upstart | 2/13/2025 | 21535 | 21535 | 20030 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5012551, 25.570%, 7/10/2030 †x | Upstart | 2/13/2025 | 22112 | 22112 | 21124 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5013559, 27.040%, 2/10/2030 †x | Upstart | 2/13/2025 | 30808 | 30808 | 28663 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5013996, 31.850%, 7/10/2030 †x# | Upstart | 2/13/2025 | 28317 | 28317 | 26403 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5015368, 32.310%, 2/10/2030 †x | Upstart | 2/13/2025 | 26264 | 26264 | 24421 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5020309, 17.890%, 2/11/2030 †x◇ | Upstart | 2/14/2025 | 43193 | 43193 | 41310 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5023414, 22.820%, 2/12/2030 †x | Upstart | 2/18/2025 | 21651 | 21713 | 20162 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5025447, 31.390%, 2/12/2030 †x | Upstart | 2/18/2025 | 39401 | 39401 | 36681 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5026705, 30.060%, 2/13/2030 †x | Upstart | 2/19/2025 | 32964 | 32964 | 30710 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5169034, 27.670%, 4/01/2030 †x | Upstart | 4/04/2025 | 44070 | 44070 | 40784 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5169423, 30.410%, 4/01/2028 †x#◇ | Upstart | 4/04/2025 | 23344 | 23344 | 21829 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5169437, 26.100%, 4/01/2030 †x | Upstart | 4/04/2025 | 21846 | 21846 | 20223 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5169510, 25.760%, 4/01/2030 †x | Upstart | 4/04/2025 | 26676 | 26676 | 24689 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5170218, 32.180%, 4/01/2030 †x | Upstart | 4/04/2025 | 26790 | 26790 | 24795 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**227** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5170763, 30.620%, 4/01/2030 †x | Upstart | 4/04/2025 | $22828 | $22828 | $21130 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5171842, 29.790%, 4/01/2030 †x | Upstart | 4/04/2025 | 45336 | 45336 | 42245 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5173116, 24.130%, 4/02/2028 †x | Upstart | 4/07/2025 | 27679 | 27679 | 25848 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5173230, 13.380%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 37341 | 37341 | 36890 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5173579, 11.820%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 43597 | 43597 | 43070 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5174817, 31.250%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 34308 | 34308 | 32577 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5278145, 17.590%, 5/01/2028 †x◇ | Upstart | 5/06/2025 | 27923 | 27923 | 26720 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5278642, 29.550%, 5/01/2030 †x | Upstart | 5/06/2025 | 27628 | 27628 | 25757 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5279027, 11.050%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | 42328 | 42328 | 41818 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5279915, 30.900%, 5/01/2028 †x | Upstart | 5/06/2025 | 29940 | 29940 | 27930 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5281213, 13.000%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | 44436 | 44436 | 43900 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5283418, 29.080%, 5/02/2030 †x | Upstart | 5/07/2025 | 36591 | 36591 | 33940 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5283562, 28.790%, 5/02/2030 †x | Upstart | 5/07/2025 | 46129 | 46129 | 42787 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5283888, 32.300%, 5/02/2030 †x | Upstart | 5/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22262 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5283905, 25.880%, 5/02/2030 †x | Upstart | 5/07/2025 | 29270 | 29270 | 27149 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5285067, 29.670%, 5/02/2030 †x | Upstart | 5/07/2025 | 22378 | 22450 | 20731 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5285381, 31.890%, 5/02/2030 †x | Upstart | 5/07/2025 | 27695 | 27695 | 25689 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5285496, 20.640%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 27238 | 27238 | 25798 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5285700, 31.550%, 5/02/2030 †x | Upstart | 5/07/2025 | 22594 | 22594 | 20933 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5287083, 19.230%, 5/05/2028 †x# | Upstart | 5/08/2025 | 41168 | 41168 | 22353 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5289491, 26.280%, 5/05/2030 †x | Upstart | 5/08/2025 | 45893 | 45893 | 42638 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5289705, 20.750%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 39519 | 39519 | 37586 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5290209, 28.780%, 5/05/2030 †x | Upstart | 5/08/2025 | 22754 | 22754 | 21141 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5290635, 32.070%, 5/05/2030 †x | Upstart | 5/08/2025 | 27426 | 27426 | 25482 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5290704, 27.520%, 5/05/2028 †x | Upstart | 5/08/2025 | 40704 | 40704 | 37993 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5290896, 13.250%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 26416 | 26416 | 26102 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5291604, 27.280%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 30741 | 30741 | 29145 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5291952, 12.750%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 35293 | 35293 | 34122 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5292498, 29.380%, 5/05/2030 †x | Upstart | 5/08/2025 | 25913 | 25913 | 24041 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5292658, 19.290%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 27148 | 27233 | 25819 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5293578, 18.390%, 10/05/2030 †x# | Upstart | 5/08/2025 | 41713 | 41841 | 40224 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5295411, 25.710%, 5/05/2030 †x | Upstart | 5/08/2025 | 45989 | 45989 | 42726 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5299243, 29.410%, 5/06/2030 †x | Upstart | 5/09/2025 | 45451 | 45451 | 42251 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5307650, 32.360%, 5/07/2030 †x | Upstart | 5/12/2025 | 27629 | 27629 | 25699 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5310931, 30.530%, 5/08/2028 †x | Upstart | 5/13/2025 | 22891 | 22891 | 21394 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5315146, 15.930%, 5/08/2028 †x◇ | Upstart | 5/13/2025 | 38567 | 38567 | 37400 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5315180, 30.050%, 5/08/2030 †x | Upstart | 5/13/2025 | 30094 | 30094 | 28007 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5315541, 28.760%, 5/12/2030 †x | Upstart | 5/15/2025 | 30763 | 30763 | 28659 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5316643, 9.780%, 5/09/2030 †x◇ | Upstart | 5/14/2025 | 25528 | 25528 | 25475 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5317527, 30.640%, 3/09/2029 †x | Upstart | 5/14/2025 | 43695 | 43695 | 41027 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5319183, 31.890%, 5/09/2030 †x | Upstart | 5/14/2025 | 39164 | 39164 | 36468 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5319239, 30.010%, 5/09/2030 †x | Upstart | 5/14/2025 | 32785 | 32785 | 30527 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5323396, 30.380%, 5/12/2030 †x | Upstart | 5/15/2025 | 45548 | 45548 | 42481 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5323749, 25.560%, 5/12/2030 †x | Upstart | 5/15/2025 | 22527 | 22527 | 21008 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5326501, 28.890%, 5/12/2030 †x# | Upstart | 5/15/2025 | 38100 | 38100 | 35532 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5328545, 30.640%, 5/12/2028 †x | Upstart | 5/15/2025 | 27959 | 28042 | 26193 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5328886, 28.420%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 21599 | 21663 | 20531 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5328894, 31.330%, 5/12/2030 †x | Upstart | 5/15/2025 | 33344 | 33344 | 31100 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5329292, 26.710%, 5/12/2030 †x | Upstart | 5/15/2025 | 46097 | 46097 | 42989 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5329469, 12.680%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 39954 | 39954 | 38659 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5330082, 24.490%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 22927 | 22927 | 21794 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5330148, 28.920%, 5/12/2030 †x | Upstart | 5/15/2025 | 22886 | 22886 | 21344 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5330286, 26.180%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 45855 | 45855 | 43588 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5330790, 30.700%, 5/12/2030 †x# | Upstart | 5/15/2025 | 33353 | 33353 | 31057 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5334983, 21.130%, 5/13/2030 †x◇ | Upstart | 5/16/2025 | 21824 | 21824 | 20805 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5335473, 19.480%, 5/13/2030 †x◇ | Upstart | 5/16/2025 | 31690 | 31690 | 30206 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**228** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5340712, 19.190%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | $44330 | $44330 | $42266 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5343370, 15.600%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | 26869 | 26869 | 26563 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5343777, 18.520%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | 25105 | 25105 | 23934 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5345838, 29.680%, 5/15/2030 †x | Upstart | 5/20/2025 | 45548 | 45548 | 42550 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5349315, 31.890%, 5/15/2030 †x | Upstart | 5/20/2025 | 22313 | 22313 | 20846 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5352514, 23.030%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 21931 | 21931 | 20878 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5352575, 13.040%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 23110 | 23110 | 22374 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5353088, 27.820%, 5/16/2030 †x | Upstart | 5/21/2025 | 26099 | 26099 | 24513 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5353367, 25.190%, 10/16/2030 †x# | Upstart | 5/21/2025 | 25193 | 25193 | 24367 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5353383, 20.660%, 10/16/2030 †x# | Upstart | 5/21/2025 | 38155 | 38264 | 36741 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5358495, 20.110%, 5/19/2030 †x# | Upstart | 5/22/2025 | 46173 | 46173 | 41938 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5358748, 12.340%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 42396 | 42396 | 41917 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5358783, 32.030%, 5/19/2030 †x | Upstart | 5/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25608 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5359385, 17.350%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 29345 | 29345 | 28440 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5359393, 28.890%, 5/19/2030 †x# | Upstart | 5/22/2025 | 30449 | 30449 | 28464 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5359531, 32.010%, 5/19/2030 †x# | Upstart | 5/22/2025 | 22867 | 22867 | 20467 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5361485, 21.720%, 5/19/2028 †x◇ | Upstart | 5/22/2025 | 22975 | 23039 | 22115 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5361795, 30.380%, 5/19/2030 †x | Upstart | 5/22/2025 | 27122 | 27122 | 25356 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5361842, 28.640%, 5/19/2030 †x | Upstart | 5/22/2025 | 46301 | 46301 | 43346 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5362067, 11.340%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 28642 | 28642 | 28323 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5362734, 26.940%, 5/19/2030 †x# | Upstart | 5/22/2025 | 41188 | 41188 | 38494 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5363848, 27.290%, 5/19/2030 †x# | Upstart | 5/22/2025 | 22459 | 22459 | 20988 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5363914, 24.110%, 5/19/2030 †x# | Upstart | 5/22/2025 | 27185 | 27185 | 25406 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5364380, 27.520%, 5/19/2030 †x | Upstart | 5/22/2025 | 27879 | 27879 | 24753 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5429489, 28.450%, 6/02/2030 †x# | Upstart | 6/05/2025 | 22951 | 22951 | 21285 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5430178, 28.890%, 6/02/2030 †x | Upstart | 6/05/2025 | 25904 | 25904 | 24077 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5431763, 20.830%, 6/03/2030 †x#◇ | Upstart | 6/06/2025 | 41654 | 41654 | 39584 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5432390, 30.030%, 6/03/2030 †x | Upstart | 6/06/2025 | 22305 | 22305 | 20744 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5434196, 28.890%, 6/03/2030 †x | Upstart | 6/06/2025 | 33254 | 33254 | 31027 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5434395, 30.060%, 6/03/2030 †x | Upstart | 6/06/2025 | 21744 | 21744 | 20222 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5436582, 31.710%, 6/04/2030 †x | Upstart | 6/09/2025 | 25947 | 25947 | 24145 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5441090, 28.430%, 6/04/2030 †x# | Upstart | 6/09/2025 | 37503 | 37503 | 34817 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5441188, 28.510%, 6/04/2030 †x | Upstart | 6/09/2025 | 32051 | 32051 | 29824 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5442385, 28.810%, 6/05/2030 †x◇ | Upstart | 6/10/2025 | 41135 | 41135 | 38992 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5446055, 32.370%, 6/05/2030 †x | Upstart | 6/10/2025 | 45184 | 45184 | 42070 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5447340, 19.210%, 6/05/2030 †x◇ | Upstart | 6/10/2025 | 26817 | 26817 | 25940 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5448231, 26.200%, 6/06/2030 †x | Upstart | 6/11/2025 | 21951 | 21951 | 20446 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5450799, 30.550%, 6/06/2030 †x | Upstart | 6/11/2025 | 31052 | 31052 | 28926 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5451572, 25.880%, 6/06/2030 †x# | Upstart | 6/11/2025 | 24021 | 24021 | 22324 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5452015, 22.500%, 6/06/2030 †x | Upstart | 6/11/2025 | 22457 | 22457 | 20876 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5452577, 31.930%, 12/06/2030 †x# | Upstart | 6/11/2025 | 43377 | 43377 | 41465 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5452845, 32.370%, 6/06/2030 †x | Upstart | 6/11/2025 | 27730 | 27730 | 25918 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5459771, 30.020%, 6/09/2030 †x | Upstart | 6/12/2025 | 36738 | 36738 | 34278 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5459963, 31.320%, 6/09/2030 †x | Upstart | 6/12/2025 | 23606 | 23606 | 22026 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5467072, 30.380%, 6/09/2028 †x | Upstart | 6/12/2025 | 34225 | 34225 | 32003 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5468911, 18.440%, 6/10/2030 †x | Upstart | 6/13/2025 | 26379 | 26379 | 25529 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5470232, 13.120%, 6/10/2030 †x# | Upstart | 6/13/2025 | 31182 | 31182 | 28748 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5476985, 17.840%, 6/11/2030 †x◇ | Upstart | 6/16/2025 | 26472 | 26472 | 25633 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5478748, 29.650%, 6/11/2030 †x | Upstart | 6/16/2025 | 39998 | 40129 | 37361 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5478968, 26.120%, 6/11/2030 †x◇ | Upstart | 6/16/2025 | 28179 | 28179 | 26819 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5480053, 30.420%, 6/11/2030 †x# | Upstart | 6/16/2025 | 26749 | 26749 | 25419 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5483769, 32.180%, 6/12/2030 †x# | Upstart | 6/17/2025 | 21511 | 21511 | 20075 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5484912, 30.840%, 6/12/2030 †x# | Upstart | 6/17/2025 | 26277 | 26352 | 23403 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5487108, 31.900%, 11/12/2030 †x# | Upstart | 6/17/2025 | 28443 | 28443 | 26895 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5487249, 31.230%, 6/13/2030 †x | Upstart | 6/18/2025 | 22548 | 22548 | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5487552, 25.140%, 6/13/2030 †x | Upstart | 6/18/2025 | 23206 | 23206 | 21695 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**229** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5487938, 29.420%, 6/13/2030 †x | Upstart | 6/18/2025 | $32764 | $32764 | $30637 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5488122, 32.230%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 36887 | 37009 | 35134 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5488925, 31.920%, 6/13/2030 †x | Upstart | 6/18/2025 | 27463 | 27463 | 25682 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5489176, 25.270%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 21631 | 21631 | 20602 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5490016, 30.530%, 6/13/2030 †x | Upstart | 6/18/2025 | 25854 | 25854 | 23292 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5491378, 23.820%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 27765 | 27765 | 26444 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5491452, 30.340%, 11/13/2030 †x# | Upstart | 6/18/2025 | 34531 | 34531 | 33575 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5491662, 30.790%, 6/13/2028 †x# | Upstart | 6/18/2025 | 31366 | 31366 | 29501 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5491712, 23.860%, 6/13/2028 †x# | Upstart | 6/18/2025 | 36912 | 36912 | 33763 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5491783, 15.500%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 40110 | 40110 | 38837 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5493033, 32.230%, 11/13/2030 †x# | Upstart | 6/18/2025 | 47814 | 47814 | 45521 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5493154, 27.340%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 36639 | 36639 | 34990 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5494154, 25.680%, 6/16/2030 †x# | Upstart | 6/20/2025 | 36503 | 36503 | 34099 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5496420, 21.590%, 6/16/2030 †x◇ | Upstart | 6/20/2025 | 45913 | 45913 | 43794 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5498701, 28.600%, 6/16/2030 †x | Upstart | 6/20/2025 | 23042 | 23042 | 21533 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5506824, 31.090%, 6/17/2030 †x | Upstart | 6/23/2025 | 37094 | 37094 | 34764 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5507712, 28.460%, 6/17/2030 †x | Upstart | 6/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25042 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5508260, 26.280%, 6/17/2030 †x | Upstart | 6/23/2025 | 30244 | 30342 | 28338 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5508430, 29.930%, 11/17/2030 †x# | Upstart | 6/23/2025 | 45095 | 45095 | 40411 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5509401, 28.070%, 6/17/2030 †x | Upstart | 6/23/2025 | 46216 | 46216 | 43307 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5511392, 32.210%, 6/17/2030 †x# | Upstart | 6/23/2025 | 23487 | 23487 | 20989 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5514694, 23.080%, 6/18/2030 †x | Upstart | 6/24/2025 | 37667 | 37667 | 33905 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5516471, 22.640%, 6/23/2030 †§x# | Upstart | 6/26/2025 | 22955 | 22955 | 22018 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5519185, 18.370%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 20839 | 20839 | 20206 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5520165, 26.260%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 46047 | 46047 | 43971 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5520235, 20.270%, 6/20/2030 †x#◇ | Upstart | 6/25/2025 | 32910 | 32910 | 31438 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5520325, 31.930%, 6/20/2030 †x# | Upstart | 6/25/2025 | 29012 | 29094 | 27166 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5522200, 32.210%, 6/20/2030 †x | Upstart | 6/25/2025 | 30035 | 30035 | 28129 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5523209, 23.290%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 23110 | 23110 | 22067 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5523213, 29.570%, 6/20/2030 †x | Upstart | 6/25/2025 | 23228 | 23228 | 21803 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5523577, 27.280%, 6/20/2030 †x# | Upstart | 6/25/2025 | 36448 | 36448 | 34210 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5523917, 29.970%, 11/20/2030 †x# | Upstart | 6/25/2025 | 34849 | 34849 | 31698 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5524524, 23.430%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 46207 | 46207 | 44123 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5524534, 18.880%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 25607 | 25607 | 24453 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5524689, 28.700%, 6/20/2030 †x | Upstart | 6/25/2025 | 26268 | 26268 | 24656 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5524923, 19.770%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 26044 | 26044 | 24909 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5526662, 28.230%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 27153 | 27153 | 25985 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5526670, 30.060%, 6/20/2030 †x | Upstart | 6/25/2025 | 24743 | 24743 | 23226 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5526905, 19.690%, 6/20/2030 †x#◇ | Upstart | 6/25/2025 | 38773 | 38773 | 37127 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5527006, 25.490%, 11/20/2030 †x# | Upstart | 6/25/2025 | 38796 | 38911 | 37365 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5527056, 29.960%, 6/20/2030 †x | Upstart | 6/25/2025 | 26621 | 26621 | 24941 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5527816, 26.780%, 6/20/2028 †x | Upstart | 6/25/2025 | 41844 | 41844 | 39387 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5527874, 28.250%, 6/20/2030 †x | Upstart | 6/25/2025 | 23359 | 23359 | 21924 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5527895, 30.030%, 11/20/2028 †x# | Upstart | 6/25/2025 | 21701 | 21701 | 20487 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5528264, 32.380%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 25580 | 25664 | 22814 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5528593, 27.390%, 6/20/2030 †x | Upstart | 6/25/2025 | 22471 | 22471 | 21090 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5531238, 25.930%, 12/01/2030 †x# | Upstart | 7/03/2025 | 29249 | 29249 | 28678 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5533703, 31.990%, 6/23/2030 †§x | Upstart | 6/26/2025 | 27706 | 27795 | 25984 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5534111, 30.060%, 1/23/2031 †x# | Upstart | 6/26/2025 | 20592 | 20592 | 20019 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5534186, 27.410%, 6/23/2030 †§x | Upstart | 6/26/2025 | 26678 | 26678 | 25079 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5534666, 29.560%, 6/23/2030 †§x | Upstart | 6/26/2025 | 24136 | 24136 | 22639 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5534671, 19.080%, 6/23/2030 †§x | Upstart | 6/26/2025 | 41800 | 41800 | 39946 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5534726, 19.890%, 6/23/2030 †§x | Upstart | 6/26/2025 | 27520 | 27520 | 26701 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5535213, 31.590%, 6/23/2030 †§x | Upstart | 6/26/2025 | 29889 | 29889 | 28105 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5535318, 14.080%, 6/23/2030 †x | Upstart | 6/26/2025 | 20864 | 20864 | 20239 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5535737, 29.230%, 6/23/2030 †§x | Upstart | 6/26/2025 | 24429 | 24429 | 22968 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**230** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5535853, 26.210%, 6/23/2030 †§x | Upstart | 6/26/2025 | $45712 | $45712 | $42870 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5536984, 26.270%, 6/23/2030 †§x# | Upstart | 6/26/2025 | 23471 | 23471 | 22210 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5537263, 32.140%, 6/23/2030 †§x | Upstart | 6/26/2025 | 39175 | 39175 | 36756 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5537456, 19.130%, 6/23/2030 †§x | Upstart | 6/26/2025 | 22610 | 22610 | 21606 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5537749, 15.260%, 6/23/2030 †x | Upstart | 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26820 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5538621, 27.410%, 10/23/2030 †x# | Upstart | 6/26/2025 | 47957 | 47957 | 45586 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5539302, 15.360%, 6/23/2030 †§x | Upstart | 6/26/2025 | 44903 | 44903 | 43540 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5540015, 27.120%, 6/23/2030 †x | Upstart | 6/26/2025 | 46246 | 46246 | 44125 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5540369, 32.240%, 6/23/2030 †§x | Upstart | 6/26/2025 | 27011 | 27011 | 25333 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5540768, 28.770%, 6/23/2030 †§x | Upstart | 6/26/2025 | 24963 | 24963 | 23469 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5540804, 28.350%, 6/23/2030 †§x | Upstart | 6/26/2025 | 46323 | 46323 | 43550 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5541009, 27.760%, 6/23/2028 †§x# | Upstart | 6/26/2025 | 27573 | 27573 | 25998 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5542253, 22.840%, 6/24/2030 †§x# | Upstart | 6/27/2025 | 21122 | 21122 | 20495 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5543028, 30.100%, 6/24/2030 †§x# | Upstart | 6/27/2025 | 30920 | 30920 | 29022 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5543246, 20.630%, 6/24/2030 †§x# | Upstart | 6/27/2025 | 22944 | 22944 | 22276 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5543365, 24.550%, 6/24/2030 †§x | Upstart | 6/27/2025 | 34019 | 34019 | 32532 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5544006, 21.250%, 6/24/2030 †x | Upstart | 6/27/2025 | 45549 | 45549 | 43619 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5544773, 26.880%, 6/24/2030 †x# | Upstart | 6/27/2025 | 23613 | 23613 | 22157 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5546274, 29.930%, 6/25/2030 †§x | Upstart | 6/30/2025 | 22114 | 22114 | 20815 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5546654, 22.640%, 6/24/2030 †x | Upstart | 6/27/2025 | 22158 | 22158 | 21188 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5546772, 22.560%, 6/24/2030 †§x | Upstart | 6/27/2025 | 21689 | 21689 | 20772 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5547329, 26.090%, 11/24/2030 †x# | Upstart | 6/27/2025 | 22605 | 22605 | 21975 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5547736, 25.680%, 6/25/2030 †x | Upstart | 6/30/2025 | 30670 | 30670 | 28859 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5547751, 25.430%, 4/25/2031 †x# | Upstart | 6/30/2025 | 36686 | 36686 | 34724 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5547786, 30.040%, 6/25/2030 †§x | Upstart | 6/30/2025 | 30486 | 30593 | 28677 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5547830, 11.470%, 6/25/2030 †§x | Upstart | 6/30/2025 | 20700 | 20700 | 20469 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5548632, 32.260%, 6/25/2030 †§x# | Upstart | 6/30/2025 | 38934 | 38934 | 36618 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5549090, 29.480%, 6/25/2030 †§x# | Upstart | 6/30/2025 | 27012 | 27012 | 25359 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5549417, 31.920%, 6/25/2030 †§x | Upstart | 6/30/2025 | 45677 | 45677 | 42997 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5549644, 27.400%, 6/25/2030 †x | Upstart | 6/30/2025 | 41868 | 42004 | 40055 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5550070, 28.330%, 6/25/2030 †§x | Upstart | 6/30/2025 | 37365 | 37365 | 35166 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5550692, 30.780%, 6/25/2028 †x | Upstart | 6/30/2025 | 27045 | 27045 | 25521 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5550870, 22.980%, 6/25/2030 †§x | Upstart | 6/30/2025 | 26697 | 26697 | 25538 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5551023, 32.270%, 6/25/2030 †§x | Upstart | 6/30/2025 | 27762 | 27762 | 26134 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5551464, 24.900%, 6/25/2030 †x# | Upstart | 6/30/2025 | 25491 | 25491 | 23984 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5551632, 30.750%, 6/25/2030 †§x | Upstart | 6/30/2025 | 37178 | 37178 | 34995 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5551728, 28.860%, 7/01/2030 †§x | Upstart | 7/03/2025 | 24967 | 24967 | 23550 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5552906, 25.100%, 6/25/2030 †x | Upstart | 6/30/2025 | 27840 | 27840 | 26677 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5554202, 13.800%, 6/26/2030 †x# | Upstart | 7/01/2025 | 45853 | 45853 | 44361 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5554815, 30.010%, 6/26/2030 †§x# | Upstart | 7/01/2025 | 38007 | 38007 | 35424 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5555249, 30.390%, 6/26/2028 †§x | Upstart | 7/01/2025 | 33822 | 33822 | 31943 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5556799, 29.780%, 6/26/2030 †§x | Upstart | 7/01/2025 | 21976 | 21976 | 20644 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5557614, 25.600%, 6/26/2030 †§x# | Upstart | 7/01/2025 | 46842 | 46842 | 44722 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5557723, 20.180%, 6/26/2030 †§x | Upstart | 7/01/2025 | 22518 | 22518 | 21542 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5558131, 28.990%, 6/26/2030 †§x | Upstart | 7/01/2025 | 28962 | 28962 | 27216 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5558417, 22.960%, 6/26/2030 †§x# | Upstart | 7/01/2025 | 28011 | 28011 | 26634 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5558678, 28.450%, 6/26/2030 †x# | Upstart | 7/01/2025 | 47431 | 47431 | 44204 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5559196, 27.380%, 6/27/2030 †§x | Upstart | 7/02/2025 | 37326 | 37433 | 35503 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5559906, 30.790%, 6/27/2028 †§x | Upstart | 7/02/2025 | 23729 | 23729 | 22107 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5560517, 28.830%, 6/27/2030 †§x | Upstart | 7/02/2025 | 29547 | 29547 | 27537 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5560869, 22.680%, 6/27/2030 †§x | Upstart | 7/02/2025 | 28064 | 28064 | 26685 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5561591, 28.910%, 6/27/2030 †§x | Upstart | 7/02/2025 | 27415 | 27415 | 25874 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5561944, 22.330%, 6/27/2030 †§x# | Upstart | 7/02/2025 | 46782 | 46782 | 44482 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5562887, 30.350%, 6/27/2028 †§x | Upstart | 7/02/2025 | 33474 | 33474 | 31187 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5562943, 28.970%, 6/27/2030 †§x | Upstart | 7/02/2025 | 30930 | 30930 | 29077 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5563366, 23.880%, 6/27/2030 †x | Upstart | 7/02/2025 | 36260 | 36260 | 34079 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**231** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5563379, 32.020%, 6/27/2030 †§x | Upstart | 7/02/2025 | $44709 | $44853 | $42025 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5563387, 23.410%, 6/27/2030 †§x | Upstart | 7/02/2025 | 22839 | 22839 | 21717 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5563724, 28.850%, 6/27/2030 †§x | Upstart | 7/02/2025 | 32728 | 32728 | 30501 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5564438, 26.590%, 7/01/2028 †§x# | Upstart | 7/03/2025 | 33686 | 33686 | 31536 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5565000, 15.590%, 7/01/2030 †§x | Upstart | 7/03/2025 | 27615 | 27615 | 27129 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5565285, 25.640%, 7/01/2030 †§x | Upstart | 7/03/2025 | 46526 | 46526 | 43888 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5565774, 29.820%, 7/01/2030 †§x | Upstart | 7/03/2025 | 42052 | 42052 | 39661 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5566368, 17.010%, 7/01/2030 †§x | Upstart | 7/03/2025 | 25763 | 25763 | 25337 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5567021, 15.520%, 7/01/2030 †x | Upstart | 7/03/2025 | 25361 | 25361 | 24861 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5567072, 22.200%, 7/01/2030 †x# | Upstart | 7/03/2025 | 22951 | 22951 | 22302 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5568151, 25.160%, 7/01/2030 †§x | Upstart | 7/03/2025 | 23194 | 23194 | 22530 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5569508, 31.980%, 7/01/2030 †x | Upstart | 7/03/2025 | 38112 | 38112 | 35942 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5570681, 14.400%, 7/01/2028 †§x | Upstart | 7/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38893 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5570741, 29.720%, 7/01/2030 †§x | Upstart | 7/03/2025 | 33144 | 33144 | 31259 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5570846, 17.410%, 7/01/2030 †§x | Upstart | 7/03/2025 | 23275 | 23275 | 22865 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5573217, 21.470%, 7/01/2030 †§x | Upstart | 7/03/2025 | 46614 | 46614 | 45301 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5573871, 28.870%, 7/01/2030 †§x | Upstart | 7/03/2025 | 25545 | 25545 | 23935 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5663644, 25.840%, 8/01/2030 †§x | Upstart | 8/01/2025 | 28810 | 28810 | 27481 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5682025, 25.790%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 22263 | 22263 | 21682 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5682522, 23.350%, 7/22/2030 †§x | Upstart | 7/25/2025 | 22079 | 22079 | 21429 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5695139, 27.190%, 7/22/2030 †§x# | Upstart | 7/25/2025 | 27848 | 27848 | 27006 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5695629, 30.210%, 7/22/2028 †§x | Upstart | 7/25/2025 | 26697 | 26697 | 25837 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5698992, 29.680%, 7/22/2030 †§x | Upstart | 7/25/2025 | 40918 | 41014 | 38790 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5699198, 13.500%, 7/22/2030 †x | Upstart | 7/25/2025 | 34794 | 34794 | 34262 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5699295, 23.910%, 7/22/2030 †§x | Upstart | 7/25/2025 | 22548 | 22548 | 21532 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5700042, 32.350%, 7/23/2030 †§x | Upstart | 7/28/2025 | 26408 | 26408 | 25128 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5700266, 26.070%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 31485 | 31485 | 30639 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5702372, 24.700%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 31968 | 31968 | 31118 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5702437, 15.260%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 25742 | 25742 | 25349 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5702796, 17.490%, 7/23/2030 †x | Upstart | 7/28/2025 | 44941 | 44941 | 44205 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5702805, 27.230%, 7/24/2030 †x | Upstart | 7/29/2025 | 23545 | 23545 | 22423 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5704085, 30.110%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 30231 | 30231 | 29312 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5705143, 12.280%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 28177 | 28177 | 28156 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5707759, 19.670%, 7/24/2030 †x | Upstart | 7/29/2025 | 42232 | 42232 | 41171 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5707786, 25.650%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 22558 | 22558 | 21896 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5707942, 32.030%, 7/24/2030 †x | Upstart | 7/29/2025 | 27629 | 27629 | 26305 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5708011, 28.830%, 7/24/2030 †x | Upstart | 7/29/2025 | 43822 | 43822 | 41730 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5708045, 30.320%, 7/24/2030 †x | Upstart | 7/29/2025 | 32191 | 32191 | 30652 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5708319, 31.980%, 7/24/2030 †x | Upstart | 7/29/2025 | 28006 | 28006 | 26664 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5708376, 30.310%, 7/24/2028 †x | Upstart | 7/29/2025 | 21592 | 21592 | 20516 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5708551, 32.260%, 7/24/2030 †x#◇ | Upstart | 7/29/2025 | 28331 | 28331 | 26952 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5709237, 25.150%, 7/24/2030 †x | Upstart | 7/29/2025 | 43006 | 43006 | 40834 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5710259, 22.660%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 41367 | 41367 | 40373 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5711090, 17.810%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 25703 | 25703 | 25314 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5711096, 23.310%, 7/25/2030 †x | Upstart | 7/30/2025 | 38335 | 38335 | 36536 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5711366, 31.130%, 7/25/2030 †x | Upstart | 7/30/2025 | 25692 | 25692 | 24476 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5712406, 29.970%, 7/25/2030 †x | Upstart | 7/30/2025 | 26967 | 26967 | 25623 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5713192, 31.780%, 7/25/2030 †x# | Upstart | 7/30/2025 | 37865 | 37865 | 36400 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5713324, 15.360%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 39986 | 39986 | 39355 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5714189, 15.820%, 7/25/2030 †x#◇ | Upstart | 7/30/2025 | 37059 | 37059 | 36505 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5714540, 19.660%, 7/25/2030 †x | Upstart | 7/30/2025 | 40317 | 40317 | 39696 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5715087, 29.880%, 7/25/2030 †x | Upstart | 7/30/2025 | 22291 | 22291 | 21166 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5715348, 26.870%, 7/25/2030 †x | Upstart | 7/30/2025 | 27954 | 27954 | 26637 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5716065, 28.750%, 11/25/2030 †x# | Upstart | 7/30/2025 | 22775 | 22775 | 21871 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5716399, 24.910%, 7/28/2030 †x | Upstart | 7/31/2025 | 22924 | 22924 | 21562 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5716720, 22.270%, 7/28/2030 †§x | Upstart | 7/31/2025 | 42059 | 42192 | 40631 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**232** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5716808, 14.650%, 7/28/2028 †§x# | Upstart | 7/31/2025 | $20965 | $21027 | $20515 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5717103, 29.310%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 28602 | 28602 | 27007 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5717947, 29.810%, 7/28/2030 †§x | Upstart | 7/31/2025 | 23086 | 23086 | 21704 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5718219, 28.030%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 25313 | 25313 | 24510 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5719068, 28.770%, 7/28/2030 †§x | Upstart | 7/31/2025 | 47525 | 47525 | 45111 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5719279, 28.440%, 7/28/2030 †§x | Upstart | 7/31/2025 | 21532 | 21532 | 20253 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5719757, 32.160%, 7/28/2030 †x | Upstart | 7/31/2025 | 33303 | 33303 | 31325 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5721743, 30.190%, 7/28/2028 †§x# | Upstart | 7/31/2025 | 21719 | 21786 | 20419 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5722849, 19.840%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 29957 | 29957 | 29144 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5723903, 23.570%, 7/28/2028 †§x# | Upstart | 7/31/2025 | 37355 | 37355 | 36520 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5723940, 31.420%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 41936 | 41936 | 39431 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5727946, 27.860%, 8/01/2030 †§x | Upstart | 8/01/2025 | 23848 | 23848 | 22609 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5727965, 32.280%, 8/01/2030 †§x# | Upstart | 8/01/2025 | 29503 | 29503 | 27738 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5728344, 30.880%, 8/01/2028 †x | Upstart | 8/01/2025 | 21815 | 21815 | 20580 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5729057, 28.690%, 8/01/2030 †x | Upstart | 8/01/2025 | 27549 | 27549 | 25908 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5729723, 32.000%, 8/01/2030 †x | Upstart | 8/01/2025 | 21432 | 21432 | 20807 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5730054, 28.590%, 8/01/2028 †§x | Upstart | 8/01/2025 | 32353 | 32353 | 30325 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5730272, 12.430%, 8/01/2030 †§x | Upstart | 8/01/2025 | 22805 | 22805 | 22796 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5730679, 30.560%, 8/01/2030 †§x# | Upstart | 8/01/2025 | 41979 | 41979 | 21154 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5730709, 25.790%, 8/01/2030 †§x | Upstart | 8/01/2025 | 47353 | 47353 | 44527 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5731431, 32.330%, 8/01/2030 †x | Upstart | 8/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26678 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5732035, 29.320%, 8/01/2028 †§x | Upstart | 8/01/2025 | 30306 | 30306 | 28595 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5733330, 30.710%, 8/01/2028 †§x | Upstart | 8/01/2025 | 43527 | 43527 | 41063 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5733333, 30.710%, 8/01/2028 †§x | Upstart | 8/01/2025 | 21629 | 21629 | 20405 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5733438, 30.150%, 8/01/2028 †§x# | Upstart | 8/04/2025 | 21515 | 21576 | 20299 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5733595, 21.810%, 8/01/2030 †§x | Upstart | 8/01/2025 | 37392 | 37392 | 36470 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5733752, 25.900%, 8/01/2030 †§x | Upstart | 8/04/2025 | 22042 | 22042 | 20897 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5735295, 20.280%, 8/01/2030 †§x | Upstart | 8/04/2025 | 27074 | 27074 | 26454 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5735654, 18.420%, 8/01/2030 †§x# | Upstart | 8/04/2025 | 31991 | 31991 | 31381 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5735756, 30.070%, 8/01/2030 †§x | Upstart | 8/04/2025 | 22873 | 22873 | 21684 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5735944, 29.690%, 8/01/2030 †§x | Upstart | 8/04/2025 | 21080 | 21080 | 20279 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5736167, 30.960%, 8/01/2030 †§x | Upstart | 8/04/2025 | 32843 | 32843 | 31136 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5736260, 29.440%, 1/01/2031 †x# | Upstart | 8/04/2025 | 42384 | 42514 | 41345 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5736719, 29.030%, 8/01/2030 †§x# | Upstart | 8/05/2025 | 20894 | 20894 | 20139 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5737071, 28.720%, 8/01/2030 †§x# | Upstart | 8/04/2025 | 25709 | 25709 | 24373 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5737336, 17.370%, 8/01/2030 †x# | Upstart | 8/04/2025 | 34111 | 34218 | 33565 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5737647, 14.580%, 8/01/2030 †x | Upstart | 8/04/2025 | 46541 | 46541 | 45797 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5738028, 22.990%, 8/01/2030 †§x | Upstart | 8/04/2025 | 43021 | 43021 | 40788 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5738060, 22.430%, 8/01/2030 †§x | Upstart | 8/04/2025 | 23615 | 23615 | 22958 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5738821, 32.230%, 8/01/2030 †§x | Upstart | 8/04/2025 | 32519 | 32519 | 30828 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5739446, 21.410%, 8/01/2030 †x# | Upstart | 8/04/2025 | 23538 | 23538 | 22958 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5739770, 22.430%, 8/01/2030 †x# | Upstart | 8/04/2025 | 31527 | 31527 | 30441 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5740252, 29.670%, 8/01/2030 †§x | Upstart | 8/05/2025 | 31834 | 31834 | 29917 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5740342, 18.970%, 8/01/2030 †§x | Upstart | 8/05/2025 | 21766 | 21766 | 21234 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5740524, 26.110%, 8/01/2030 †§x | Upstart | 8/05/2025 | 38460 | 38460 | 36460 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5740738, 28.750%, 8/01/2030 †§x# | Upstart | 8/05/2025 | 38580 | 38580 | 36571 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5740830, 30.120%, 1/01/2029 †x# | Upstart | 8/05/2025 | 43991 | 43991 | 41506 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5742289, 27.430%, 8/01/2028 †§x# | Upstart | 8/05/2025 | 28569 | 28569 | 26964 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5744331, 20.470%, 8/01/2030 †x | Upstart | 8/05/2025 | 35305 | 35305 | 34105 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5745014, 31.580%, 8/01/2030 †§x | Upstart | 8/05/2025 | 37574 | 37574 | 35616 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5745919, 13.090%, 8/01/2030 †§x | Upstart | 8/05/2025 | 46379 | 46379 | 46351 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5746236, 31.800%, 8/01/2030 †§x | Upstart | 8/05/2025 | 40127 | 40127 | 38036 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5804405, 28.740%, 8/11/2030 †§x# | Upstart | 8/14/2025 | 31933 | 31933 | 30196 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5805731, 30.820%, 8/11/2028 †x | Upstart | 8/14/2025 | 26033 | 26033 | 24532 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5806038, 17.340%, 8/11/2030 †§x | Upstart | 8/14/2025 | 31224 | 31224 | 30716 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5806117, 25.590%, 8/11/2030 †§x# | Upstart | 8/14/2025 | 22165 | 22165 | 20959 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**233** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5806428, 30.100%, 8/11/2028 †x | Upstart | 8/14/2025 | $43517 | $43517 | $41154 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5807901, 27.170%, 8/11/2030 †§x | Upstart | 8/14/2025 | 29651 | 29651 | 29144 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5808479, 27.240%, 8/11/2030 †§x | Upstart | 8/14/2025 | 33647 | 33647 | 32685 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5810617, 27.310%, 8/12/2030 †§x | Upstart | 8/15/2025 | 43727 | 43727 | 41534 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5811814, 16.080%, 8/12/2030 †x | Upstart | 8/15/2025 | 28912 | 28912 | 28449 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5812535, 22.400%, 8/13/2030 †§x | Upstart | 8/18/2025 | 20562 | 20562 | 20057 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5813171, 30.820%, 8/12/2028 †§x | Upstart | 8/15/2025 | 28097 | 28183 | 26585 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5819897, 31.590%, 8/18/2030 †§x | Upstart | 8/21/2025 | 43325 | 43325 | 41275 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5820460, 25.980%, 8/13/2030 †§x | Upstart | 8/18/2025 | 32077 | 32077 | 30361 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5820949, 31.610%, 8/14/2030 †§x | Upstart | 8/19/2025 | 23620 | 23620 | 22453 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5821646, 27.840%, 8/14/2030 †§x# | Upstart | 8/19/2025 | 23542 | 23542 | 22290 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5822248, 6.000%, 8/14/2030 †x | Upstart | 8/19/2025 | 21301 | 21301 | 20713 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5823875, 14.240%, 8/14/2030 †x | Upstart | 8/19/2025 | 26311 | 26311 | 25872 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5823956, 31.720%, 8/18/2030 †x | Upstart | 8/21/2025 | 32427 | 32427 | 30893 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5823980, 32.330%, 8/14/2030 †x | Upstart | 8/19/2025 | 37940 | 37940 | 36067 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5824010, 29.340%, 8/14/2030 †§x | Upstart | 8/19/2025 | 46240 | 46240 | 43963 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5824481, 30.630%, 8/14/2030 †x | Upstart | 8/19/2025 | 37442 | 37442 | 35594 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5825023, 32.320%, 8/14/2030 †x | Upstart | 8/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31703 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5825357, 19.520%, 8/14/2030 †x | Upstart | 8/19/2025 | 46458 | 46458 | 45356 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5825599, 30.750%, 8/14/2028 †§x | Upstart | 8/19/2025 | 44191 | 44191 | 41863 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5825872, 24.990%, 8/14/2030 †§x | Upstart | 8/19/2025 | 32198 | 32198 | 31329 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5826192, 30.060%, 8/14/2030 †§x | Upstart | 8/19/2025 | 23092 | 23092 | 20860 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5827204, 17.720%, 8/15/2030 †x | Upstart | 8/20/2025 | 26568 | 26568 | 26152 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5827301, 22.180%, 8/15/2030 †§x | Upstart | 8/20/2025 | 28289 | 28289 | 27554 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5827661, 31.760%, 8/15/2030 †§x | Upstart | 8/20/2025 | 23017 | 23017 | 21802 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5828602, 18.600%, 8/15/2030 †§x# | Upstart | 8/20/2025 | 20681 | 20681 | 20329 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5830240, 19.640%, 8/15/2028 †§x# | Upstart | 8/20/2025 | 24404 | 24404 | 23638 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5830283, 28.680%, 8/15/2030 †x | Upstart | 8/20/2025 | 24955 | 24955 | 23740 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5830846, 32.230%, 8/15/2030 †§x | Upstart | 8/20/2025 | 23354 | 23354 | 22123 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5831498, 14.090%, 8/18/2030 †x | Upstart | 8/21/2025 | 38543 | 38543 | 37923 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5832104, 19.660%, 8/18/2030 †§x | Upstart | 8/21/2025 | 69544 | 69544 | 67974 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5832357, 32.060%, 8/18/2030 †§x | Upstart | 8/21/2025 | 23447 | 23447 | 22337 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5832539, 31.630%, 8/18/2030 †x | Upstart | 8/21/2025 | 42752 | 42752 | 40730 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5833338, 27.340%, 8/18/2028 †§x | Upstart | 8/21/2025 | 30455 | 30455 | 29576 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5835733, 30.680%, 8/18/2030 †x# | Upstart | 8/21/2025 | 29167 | 29167 | 27789 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5836178, 29.740%, 8/18/2028 †§x# | Upstart | 8/21/2025 | 23665 | 23665 | 22394 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5837191, 15.320%, 8/18/2030 †§x# | Upstart | 8/21/2025 | 41883 | 41883 | 41254 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5837452, 29.170%, 8/18/2030 †§x | Upstart | 8/21/2025 | 38888 | 38888 | 37054 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5837503, 19.940%, 8/18/2030 †x | Upstart | 8/21/2025 | 46942 | 46942 | 45879 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5837750, 31.410%, 8/18/2030 †§x | Upstart | 8/21/2025 | 31270 | 31270 | 29705 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5838206, 21.710%, 8/18/2030 †x | Upstart | 8/21/2025 | 26191 | 26191 | 25784 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5838631, 28.340%, 8/18/2030 †§x# | Upstart | 8/21/2025 | 22319 | 22319 | 21183 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5839100, 25.550%, 8/18/2030 †x# | Upstart | 8/21/2025 | 31488 | 31488 | 30646 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5839277, 31.070%, 12/18/2030 †x# | Upstart | 8/21/2025 | 48675 | 48675 | 48753 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5839313, 23.430%, 8/18/2030 †§x | Upstart | 8/21/2025 | 23603 | 23603 | 23009 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5839359, 28.820%, 8/18/2030 †§x | Upstart | 8/21/2025 | 21825 | 21825 | 20797 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5840124, 11.760%, 8/18/2030 †x | Upstart | 8/21/2025 | 20343 | 20343 | 20334 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5840447, 26.010%, 8/18/2030 †§x | Upstart | 8/21/2025 | 32820 | 32820 | 31279 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5840554, 24.700%, 8/18/2030 †§x | Upstart | 8/21/2025 | 29633 | 29633 | 28879 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5840911, 30.530%, 8/19/2030 †§x | Upstart | 8/22/2025 | 36756 | 36756 | 33148 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5841036, 23.170%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46748 | 46748 | 45575 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5841292, 29.430%, 8/18/2028 †§x | Upstart | 8/21/2025 | 35642 | 35642 | 33852 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5841340, 30.810%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46049 | 46049 | 43873 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5841341, 18.320%, 8/18/2030 †x | Upstart | 8/21/2025 | 37180 | 37180 | 36613 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5842148, 17.190%, 8/19/2030 †§x | Upstart | 8/22/2025 | 36730 | 36730 | 36179 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5842508, 30.590%, 1/19/2029 †x# | Upstart | 8/22/2025 | 32550 | 32550 | 31639 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**234** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5842630, 18.990%, 8/19/2030 †§x | Upstart | 8/22/2025 | $36475 | $36475 | $35667 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5842918, 29.340%, 8/19/2030 †§x | Upstart | 8/22/2025 | 20974 | 20974 | 20428 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5843139, 14.340%, 8/19/2030 †x | Upstart | 8/22/2025 | 46476 | 46476 | 45789 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5843207, 30.400%, 8/19/2028 †§x | Upstart | 8/22/2025 | 22171 | 22171 | 21067 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5843293, 19.040%, 8/19/2030 †x | Upstart | 8/22/2025 | 37416 | 37416 | 36849 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5843406, 30.270%, 8/19/2030 †§x | Upstart | 8/22/2025 | 37614 | 37614 | 36626 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5843586, 30.400%, 8/19/2030 †x | Upstart | 8/22/2025 | 46977 | 46977 | 44782 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5843737, 18.940%, 8/19/2030 †§x | Upstart | 8/22/2025 | 21377 | 21377 | 20903 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5844802, 17.500%, 8/19/2030 †§x | Upstart | 8/22/2025 | 32813 | 32813 | 32320 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5844963, 25.410%, 1/19/2031 †x# | Upstart | 8/22/2025 | 28696 | 28696 | 27490 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5845033, 20.510%, 8/19/2030 †§x | Upstart | 8/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41818 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5845489, 22.520%, 8/19/2030 †x | Upstart | 8/22/2025 | 42193 | 42193 | 41156 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5845582, 31.320%, 8/19/2030 †§x | Upstart | 8/22/2025 | 43243 | 43243 | 39438 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5845649, 25.670%, 1/19/2031 †x# | Upstart | 8/22/2025 | 24634 | 24634 | 24152 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5845691, 29.910%, 8/19/2030 †§x | Upstart | 8/22/2025 | 24427 | 24427 | 23286 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5845933, 29.100%, 8/19/2030 †§x | Upstart | 8/22/2025 | 24151 | 24151 | 22931 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5845971, 29.140%, 8/19/2030 †§x | Upstart | 8/22/2025 | 35356 | 35356 | 33709 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5846837, 23.000%, 8/19/2030 †x | Upstart | 8/22/2025 | 47208 | 47208 | 46042 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5847027, 17.660%, 8/20/2030 †§x | Upstart | 8/25/2025 | 25911 | 25911 | 25526 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5847041, 31.880%, 8/20/2030 †§x | Upstart | 8/25/2025 | 23419 | 23419 | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5847405, 28.290%, 8/20/2030 †§x | Upstart | 8/25/2025 | 35508 | 35508 | 33872 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5847638, 22.710%, 8/20/2030 †x | Upstart | 8/25/2025 | 31991 | 31991 | 31269 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5847741, 25.610%, 8/20/2030 †§x | Upstart | 8/25/2025 | 47406 | 47406 | 45230 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5850508, 14.100%, 8/20/2030 †§x# | Upstart | 8/25/2025 | 40042 | 40042 | 39999 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5850765, 29.000%, 8/22/2030 †x | Upstart | 8/27/2025 | 46694 | 46694 | 44590 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5851016, 26.090%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 27134 | 27134 | 26465 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5851238, 30.280%, 8/20/2028 †§x | Upstart | 8/25/2025 | 30260 | 30260 | 28771 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5851460, 18.000%, 8/20/2030 †x | Upstart | 8/25/2025 | 42122 | 42122 | 41208 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5853203, 29.010%, 8/21/2030 †x#◇ | Upstart | 8/26/2025 | 24957 | 24957 | 23735 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5853413, 32.160%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 23456 | 23456 | 22383 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5854579, 22.120%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 42896 | 42896 | 41945 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5855669, 28.960%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 47644 | 47770 | 45472 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5855906, 25.410%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 33837 | 33837 | 33068 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5855993, 18.970%, 8/21/2030 †x | Upstart | 8/26/2025 | 27147 | 27147 | 26713 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5856059, 29.320%, 1/21/2029 †x# | Upstart | 8/26/2025 | 28406 | 28406 | 27664 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5857869, 27.100%, 8/22/2030 †x | Upstart | 8/27/2025 | 28318 | 28318 | 27045 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5861197, 30.450%, 8/22/2028 †x◇ | Upstart | 8/27/2025 | 21905 | 21905 | 20852 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5866248, 11.620%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 27086 | 27086 | 27085 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5866653, 30.980%, 8/25/2030 †x | Upstart | 8/28/2025 | 21215 | 21215 | 20290 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5866794, 20.340%, 8/25/2030 †x# | Upstart | 8/28/2025 | 21110 | 21110 | 20614 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5867584, 30.030%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 26239 | 26239 | 24991 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5868638, 18.730%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 31866 | 31866 | 31217 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5869475, 29.370%, 8/25/2030 †x# | Upstart | 8/28/2025 | 21641 | 21641 | 20613 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5870035, 20.080%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 20951 | 20951 | 20493 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5870158, 32.060%, 8/25/2030 †x | Upstart | 8/28/2025 | 37802 | 37802 | 36152 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5872520, 22.340%, 8/26/2030 †x◇ | Upstart | 8/29/2025 | 47171 | 47171 | 45992 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5873227, 32.090%, 8/26/2030 †x# | Upstart | 8/29/2025 | 23608 | 23608 | 22497 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5873860, 24.410%, 8/26/2030 †x#◇ | Upstart | 8/29/2025 | 21450 | 21450 | 20863 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5874755, 28.730%, 8/26/2030 †x#◇ | Upstart | 8/29/2025 | 40765 | 40765 | 38841 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5875239, 25.500%, 8/26/2030 †x#◇ | Upstart | 8/29/2025 | 38274 | 38274 | 36322 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5875247, 29.590%, 8/26/2030 †x | Upstart | 8/29/2025 | 29375 | 29375 | 27999 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5876111, 30.180%, 8/26/2030 †x# | Upstart | 8/29/2025 | 22002 | 22002 | 20970 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5876663, 31.210%, 8/27/2030 †x | Upstart | 9/02/2025 | 33263 | 33263 | 31696 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5876742, 27.090%, 8/27/2030 †x | Upstart | 9/02/2025 | 47520 | 47520 | 46767 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5878659, 28.620%, 8/27/2030 †x | Upstart | 9/02/2025 | 21797 | 21797 | 20685 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5879992, 14.840%, 8/27/2030 †x | Upstart | 9/02/2025 | 29215 | 29215 | 28758 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**235** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5880167, 29.830%, 8/27/2030 †x#◇ | Upstart | 9/02/2025 | $28222 | $28222 | $27469 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5880190, 28.860%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 47541 | 47541 | 45114 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5880647, 20.400%, 8/27/2030 †x | Upstart | 9/02/2025 | 43335 | 43335 | 42299 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5881351, 25.620%, 8/28/2030 †x#◇ | Upstart | 9/03/2025 | 35017 | 35017 | 33909 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5881477, 27.110%, 8/28/2030 †x◇ | Upstart | 9/03/2025 | 20950 | 20950 | 20362 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5881813, 25.090%, 8/28/2030 †x#◇ | Upstart | 9/03/2025 | 21996 | 21996 | 20875 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5882725, 15.460%, 8/28/2030 †x# | Upstart | 9/03/2025 | 21694 | 21694 | 21354 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5918970, 25.190%, 9/17/2030 †§x | Upstart | 9/22/2025 | 22015 | 22015 | 21074 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5967874, 24.440%, 9/17/2030 †x | Upstart | 9/22/2025 | 26190 | 26190 | 25073 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5969004, 32.120%, 9/16/2030 †§x# | Upstart | 9/19/2025 | 24712 | 24712 | 23510 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5970232, 29.640%, 2/16/2029 †x# | Upstart | 9/19/2025 | 23362 | 23362 | 22458 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5970243, 26.810%, 9/16/2030 †x | Upstart | 9/19/2025 | 23385 | 23385 | 22371 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5970467, 28.910%, 9/16/2030 †§x | Upstart | 9/19/2025 | 31323 | 31323 | 29960 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5970557, 27.380%, 9/16/2030 †§x | Upstart | 9/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26697 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5971347, 18.560%, 9/16/2030 †x | Upstart | 9/19/2025 | 41887 | 41887 | 41291 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5971500, 31.070%, 9/16/2030 †§x | Upstart | 9/19/2025 | 27816 | 27816 | 25313 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5971691, 14.580%, 9/16/2030 †§x | Upstart | 9/19/2025 | 25303 | 25303 | 24909 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5975571, 28.120%, 9/17/2030 †x | Upstart | 9/22/2025 | 39384 | 39384 | 38330 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5979421, 32.400%, 9/17/2030 †§x | Upstart | 9/22/2025 | 31352 | 31352 | 29997 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5980907, 17.330%, 9/18/2030 †x | Upstart | 9/23/2025 | 36058 | 36058 | 35562 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5981062, 17.750%, 9/18/2030 †x | Upstart | 9/23/2025 | 26597 | 26597 | 26229 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5983501, 22.150%, 9/18/2030 †§x | Upstart | 9/23/2025 | 47628 | 47628 | 46621 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5986518, 28.460%, 9/19/2028 †x◇ | Upstart | 9/24/2025 | 21129 | 21129 | 20181 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5988901, 30.690%, 9/19/2030 †x◇ | Upstart | 9/24/2025 | 25997 | 25997 | 24903 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5990554, 28.050%, 9/19/2030 †x◇ | Upstart | 9/24/2025 | 32059 | 32059 | 31400 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5991437, 32.320%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 28455 | 28455 | 27300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5994898, 17.360%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 47421 | 47421 | 46897 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5995572, 26.690%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 47816 | 47816 | 46826 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5996152, 21.210%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 47566 | 47566 | 46690 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5996356, 32.010%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 34279 | 34279 | 32717 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5997720, 15.220%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 27278 | 27278 | 26882 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5998125, 28.900%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 38818 | 38818 | 37249 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5998310, 30.120%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 22940 | 22940 | 21898 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5998311, 23.750%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 29594 | 29594 | 29000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5998398, 18.600%, 9/22/2030 †x#◇ | Upstart | 9/25/2025 | 27553 | 27553 | 27142 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5998593, 31.940%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 43082 | 43082 | 41119 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5998895, 32.800%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 29814 | 29814 | 28602 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5998989, 31.650%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 21495 | 21495 | 20623 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5999202, 26.330%, 9/22/2030 †x# | Upstart | 9/25/2025 | 21274 | 21274 | 20941 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5999234, 28.680%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 21517 | 21517 | 20648 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5999363, 28.900%, 9/22/2030 †x | Upstart | 9/25/2025 | 26135 | 26135 | 25079 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5999401, 14.570%, 9/23/2028 †x◇ | Upstart | 9/26/2025 | 59183 | 59183 | 58201 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5999446, 32.730%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 26346 | 26435 | 25144 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5999528, 32.860%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 26639 | 26639 | 25556 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB5999698, 29.990%, 9/22/2030 †x | Upstart | 9/25/2025 | 39808 | 39808 | 38007 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6004247, 30.530%, 9/23/2028 †x#◇ | Upstart | 9/26/2025 | 26151 | 26151 | 25009 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6005150, 31.250%, 9/23/2030 †x#◇ | Upstart | 9/26/2025 | 27454 | 27454 | 26339 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6005177, 11.130%, 9/23/2030 †x#◇ | Upstart | 9/26/2025 | 21869 | 21869 | 21894 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6005205, 12.390%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 26485 | 26485 | 26108 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6005742, 17.300%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 22228 | 22228 | 21842 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6006256, 32.520%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 21708 | 21708 | 20838 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6006942, 28.350%, 9/23/2030 †x#◇ | Upstart | 9/26/2025 | 23929 | 23929 | 22860 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6007157, 29.910%, 9/23/2028 †x◇ | Upstart | 9/26/2025 | 22572 | 22572 | 21496 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6010056, 19.390%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 49340 | 49340 | 48697 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6011053, 21.980%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 36474 | 36474 | 35784 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6011294, 26.910%, 9/24/2030 †x | Upstart | 9/29/2025 | 27414 | 27414 | 26337 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**236** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6011356, 28.790%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | $27476 | $27476 | $26395 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6013622, 29.900%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 36170 | 36170 | 34744 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6019571, 21.080%, 9/25/2028 †x◇ | Upstart | 9/30/2025 | 26436 | 26436 | 25851 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6019732, 23.760%, 9/25/2030 †x◇ | Upstart | 9/30/2025 | 45822 | 45822 | 44954 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6021721, 30.330%, 9/26/2030 †x | Upstart | 10/01/2025 | 22136 | 22136 | 21179 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6025722, 32.870%, 9/26/2030 †x | Upstart | 10/01/2025 | 26156 | 26156 | 25021 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6028312, 30.080%, 10/01/2028 †x◇ | Upstart | 10/02/2025 | 31171 | 31171 | 29992 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6028962, 20.390%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 31760 | 31760 | 30990 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6029051, 32.380%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 24073 | 24073 | 23630 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6029928, 30.780%, 10/01/2028 †x◇ | Upstart | 10/02/2025 | 22334 | 22334 | 21100 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6029994, 22.120%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 21543 | 21543 | 21294 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6030079, 22.330%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 28347 | 28347 | 27570 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6031314, 22.320%, 3/01/2031 †x# | Upstart | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27076 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6031775, 20.260%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 24432 | 24432 | 24066 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6031965, 31.360%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 23854 | 23854 | 22937 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6032403, 30.040%, 3/01/2031 †x# | Upstart | 10/02/2025 | 28785 | 28785 | 28221 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6032715, 32.550%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 35091 | 35091 | 33741 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6033523, 28.460%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 39901 | 39901 | 38366 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6034381, 32.560%, 10/01/2030 †x | Upstart | 10/02/2025 | 32882 | 32882 | 31195 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6034648, 29.190%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 24095 | 24095 | 23663 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6035341, 30.810%, 10/01/2028 †x◇ | Upstart | 10/02/2025 | 28779 | 28779 | 27688 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6035891, 15.470%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 26134 | 26134 | 25836 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6036770, 23.360%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 48272 | 48272 | 47450 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6038745, 28.870%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 32924 | 32924 | 31658 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6040026, 30.680%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 45202 | 45202 | 43558 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6040562, 31.200%, 10/01/2028 †x◇ | Upstart | 10/03/2025 | 22621 | 22621 | 21713 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6042559, 30.050%, 10/01/2030 †x#◇ | Upstart | 10/03/2025 | 36466 | 36466 | 34651 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6042759, 24.890%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 23676 | 23676 | 22820 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6150312, 29.820%, 11/01/2030 †§x | Upstart | 11/03/2025 | 25220 | 25220 | 24531 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6190497, 29.090%, 10/28/2030 †x# | Upstart | 10/31/2025 | 21600 | 21600 | 20852 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6190642, 26.980%, 10/28/2028 †§x# | Upstart | 10/31/2025 | 20869 | 20869 | 20058 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6193904, 27.980%, 10/28/2030 †§x | Upstart | 10/31/2025 | 23729 | 23729 | 22729 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6194512, 27.440%, 10/28/2030 †x# | Upstart | 10/31/2025 | 46828 | 46828 | 44845 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6195984, 24.320%, 11/01/2030 †x | Upstart | 11/03/2025 | 48768 | 48768 | 47857 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6196913, 30.160%, 11/01/2030 †§x# | Upstart | 11/03/2025 | 24171 | 24171 | 23758 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6197829, 15.780%, 11/01/2030 †x | Upstart | 11/03/2025 | 26584 | 26584 | 26205 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6198414, 27.160%, 11/01/2030 †x | Upstart | 11/03/2025 | 23164 | 23164 | 22769 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6199520, 27.670%, 11/01/2030 †§x | Upstart | 11/03/2025 | 46980 | 46980 | 45697 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6199750, 27.190%, 11/01/2028 †x | Upstart | 11/03/2025 | 23102 | 23102 | 22424 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6537515, 29.600%, 1/01/2031 †§x | Upstart | 1/05/2026 | 34117 | 34117 | 33588 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6688409, 30.040%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 22900 | 22900 | 22534 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6690876, 17.800%, 1/28/2029 †§x | Upstart | 2/03/2026 | 40581 | 40581 | 40184 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6691553, 30.160%, 1/28/2031 †§x | Upstart | 2/03/2026 | 24236 | 24236 | 23853 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6691661, 32.840%, 1/28/2031 †x | Upstart | 2/03/2026 | 21675 | 21675 | 21331 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6691817, 25.930%, 1/28/2031 †x# | Upstart | 2/03/2026 | 25500 | 25500 | 25098 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6693472, 13.910%, 1/28/2031 †x | Upstart | 2/03/2026 | 25539 | 25539 | 25412 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6694259, 9.160%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 38700 | 38700 | 38638 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6694280, 9.360%, 1/28/2031 †x# | Upstart | 2/03/2026 | 41000 | 41000 | 40934 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6694290, 31.760%, 1/28/2031 †x# | Upstart | 2/03/2026 | 44400 | 44400 | 43686 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6694291, 21.560%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 47400 | 47400 | 46885 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6694719, 28.810%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 22900 | 22980 | 22535 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6694742, 28.230%, 1/28/2029 †x# | Upstart | 2/03/2026 | 21200 | 21200 | 20842 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6694748, 31.910%, 1/28/2031 †§x | Upstart | 2/04/2026 | 24033 | 24033 | 23644 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695067, 19.400%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 37000 | 37000 | 36668 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695100, 30.760%, 1/28/2029 †§x | Upstart | 2/04/2026 | 35174 | 35174 | 34571 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695185, 30.610%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 20600 | 20600 | 20264 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**237** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695200, 29.420%, 1/28/2031 †§x# | Upstart | 2/04/2026 | $22000 | $22000 | $21643 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695234, 16.700%, 1/28/2031 †§x | Upstart | 2/04/2026 | 26593 | 26593 | 26450 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695321, 18.080%, 1/28/2031 †x# | Upstart | 2/04/2026 | 22400 | 22478 | 22201 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695331, 10.820%, 1/28/2029 †§x# | Upstart | 2/04/2026 | 22700 | 22700 | 22603 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695388, 9.270%, 1/28/2031 †§x | Upstart | 2/04/2026 | 40310 | 40310 | 40237 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695677, 14.330%, 1/28/2031 †x# | Upstart | 2/04/2026 | 30800 | 30800 | 30640 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6695778, 20.480%, 1/28/2029 †§x# | Upstart | 2/04/2026 | 28000 | 28000 | 27712 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6696485, 27.980%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 23200 | 23281 | 22826 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6696552, 24.590%, 1/28/2031 †x# | Upstart | 2/04/2026 | 33900 | 33900 | 33363 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6696698, 31.020%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 26800 | 26800 | 26362 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6697020, 28.210%, 1/28/2029 †x# | Upstart | 2/04/2026 | 49300 | 49300 | 48457 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6697406, 34.380%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 21600 | 21600 | 21241 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6697766, 15.530%, 1/28/2031 †§x# | Upstart | 2/04/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49040 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6698449, 13.060%, 1/28/2031 †x# | Upstart | 2/04/2026 | 22900 | 22900 | 22783 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6698536, 27.140%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 21500 | 21500 | 21155 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6698611, 19.220%, 1/28/2029 †§x# | Upstart | 2/04/2026 | 49900 | 49900 | 49391 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6698739, 23.510%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 29500 | 29500 | 29168 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6698817, 16.230%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 40000 | 40000 | 39787 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6698848, 33.840%, 1/28/2031 †x# | Upstart | 2/04/2026 | 49300 | 49300 | 48483 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6699166, 29.560%, 1/28/2031 †x# | Upstart | 2/04/2026 | 28500 | 28500 | 28037 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6699553, 28.020%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 29000 | 29000 | 28533 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6765653, 17.370%, 2/18/2031 †§x | Upstart | 2/23/2026 | 45000 | 45000 | 44865 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6772652, 27.540%, 2/23/2031 †x | Upstart | 2/26/2026 | 23900 | 23900 | 23790 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6777478, 28.940%, 2/17/2029 †§x | Upstart | 2/20/2026 | 34300 | 34300 | 34021 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6777999, 20.860%, 2/17/2031 †§x | Upstart | 2/20/2026 | 30000 | 30000 | 29838 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6778344, 11.100%, 2/17/2031 †x | Upstart | 2/20/2026 | 41700 | 41700 | 41636 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6778501, 18.040%, 2/20/2031 †x | Upstart | 2/25/2026 | 49300 | 49300 | 49122 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6778751, 31.180%, 2/17/2031 †§x | Upstart | 2/20/2026 | 31500 | 31500 | 31248 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6778851, 28.410%, 2/17/2031 †x | Upstart | 2/20/2026 | 22700 | 22700 | 22524 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6779014, 31.630%, 2/17/2031 †§x | Upstart | 2/20/2026 | 33300 | 33300 | 33032 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6780010, 24.240%, 2/17/2031 †§x | Upstart | 2/20/2026 | 34600 | 34600 | 34468 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6780358, 19.050%, 2/17/2031 †x | Upstart | 2/20/2026 | 36800 | 36800 | 36678 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6781009, 17.410%, 2/19/2031 †§x | Upstart | 2/24/2026 | 25100 | 25100 | 25004 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6781479, 17.320%, 2/17/2031 †§x | Upstart | 2/20/2026 | 43000 | 43000 | 42812 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6782000, 24.480%, 2/17/2031 †x | Upstart | 2/20/2026 | 32000 | 32000 | 31816 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6782090, 31.440%, 2/17/2031 †§x | Upstart | 2/20/2026 | 39200 | 39200 | 38885 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6782530, 9.490%, 2/17/2031 †§x | Upstart | 2/20/2026 | 75000 | 75000 | 74901 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6782604, 29.920%, 2/17/2029 †§x | Upstart | 2/20/2026 | 49500 | 49500 | 49092 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6782703, 12.560%, 2/17/2031 †§x | Upstart | 2/20/2026 | 27000 | 27000 | 26927 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6782725, 16.070%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50175 | 49849 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6782802, 18.290%, 2/17/2031 †§x | Upstart | 2/20/2026 | 31000 | 31000 | 30900 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6783264, 19.040%, 2/17/2031 †x | Upstart | 2/20/2026 | 49900 | 49900 | 49639 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6783313, 18.460%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49837 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6783778, 29.640%, 2/17/2031 †§x | Upstart | 2/20/2026 | 24600 | 24600 | 24407 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6784275, 11.810%, 2/17/2031 †x | Upstart | 2/20/2026 | 34300 | 34300 | 34245 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6784286, 18.750%, 2/17/2029 †x | Upstart | 2/20/2026 | 24700 | 24700 | 24578 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6784442, 29.670%, 2/17/2031 †§x | Upstart | 2/20/2026 | 21200 | 21200 | 21033 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6784606, 18.870%, 2/17/2031 †§x | Upstart | 2/20/2026 | 22200 | 22200 | 22100 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6784746, 15.820%, 2/17/2031 †§x | Upstart | 2/20/2026 | 23100 | 23100 | 23031 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6784798, 9.770%, 2/17/2029 †x | Upstart | 2/20/2026 | 27700 | 27700 | 27663 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6785548, 18.840%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49775 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6785599, 18.510%, 2/17/2031 †§x | Upstart | 2/20/2026 | 22300 | 22300 | 22200 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6786372, 29.490%, 2/17/2031 †§x | Upstart | 2/20/2026 | 29900 | 29900 | 29665 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6786849, 12.610%, 2/17/2031 †§x | Upstart | 2/20/2026 | 75000 | 75000 | 74874 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6786937, 32.290%, 2/17/2031 †§x | Upstart | 2/20/2026 | 26900 | 26900 | 26682 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787023, 20.940%, 2/17/2031 †x | Upstart | 2/20/2026 | 22200 | 22200 | 22080 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**238** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787041, 22.540%, 2/18/2031 †§x | Upstart | 2/23/2026 | $24900 | $24900 | $24770 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787178, 13.300%, 2/17/2031 †§x | Upstart | 2/20/2026 | 34500 | 34500 | 34405 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787288, 16.890%, 2/17/2031 †x | Upstart | 2/20/2026 | 50000 | 50000 | 49845 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787303, 21.370%, 2/17/2031 †§x | Upstart | 2/20/2026 | 21000 | 21000 | 20886 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787330, 24.860%, 2/17/2029 †§x | Upstart | 2/20/2026 | 33300 | 33300 | 33116 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787597, 29.460%, 2/17/2031 †§x | Upstart | 2/20/2026 | 37900 | 37900 | 37603 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787682, 14.660%, 2/17/2029 †§x | Upstart | 2/20/2026 | 33500 | 33500 | 33381 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787734, 17.360%, 2/17/2031 †§x | Upstart | 2/20/2026 | 35000 | 35000 | 34847 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6787819, 14.360%, 2/17/2031 †§x | Upstart | 2/20/2026 | 32300 | 32300 | 32207 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788025, 32.070%, 2/17/2031 †x | Upstart | 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34221 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788050, 11.510%, 2/17/2031 †§x | Upstart | 2/20/2026 | 48400 | 48400 | 48324 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788072, 30.940%, 2/17/2031 †§x | Upstart | 2/20/2026 | 29900 | 29900 | 29661 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788152, 17.760%, 2/17/2031 †§x | Upstart | 2/20/2026 | 22800 | 22800 | 22700 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788247, 30.640%, 2/17/2031 †§x | Upstart | 2/20/2026 | 48600 | 48600 | 48213 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788258, 15.430%, 2/17/2031 †§x | Upstart | 2/20/2026 | 49500 | 49500 | 49353 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788293, 30.710%, 2/17/2031 †§x | Upstart | 2/20/2026 | 29700 | 29700 | 29463 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788314, 19.440%, 2/17/2031 †§x | Upstart | 2/20/2026 | 32300 | 32300 | 32130 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788382, 30.130%, 2/17/2031 †§x | Upstart | 2/20/2026 | 48400 | 48400 | 48017 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788429, 24.250%, 2/17/2031 †§x | Upstart | 2/20/2026 | 22200 | 22200 | 22037 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788505, 13.330%, 2/17/2031 †§x | Upstart | 2/20/2026 | 35100 | 35100 | 35003 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788542, 16.750%, 2/17/2031 †§x | Upstart | 2/20/2026 | 35900 | 35900 | 35745 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788823, 21.380%, 2/17/2031 †§x | Upstart | 2/20/2026 | 39600 | 39600 | 39384 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6788970, 15.310%, 2/17/2031 †§x | Upstart | 2/20/2026 | 43800 | 43800 | 43671 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6789006, 20.130%, 2/17/2031 †§x | Upstart | 2/20/2026 | 28500 | 28500 | 28403 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6789286, 16.930%, 2/17/2031 †x | Upstart | 2/20/2026 | 50000 | 50000 | 49784 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6789411, 20.220%, 2/17/2031 †§x | Upstart | 2/20/2026 | 21000 | 21000 | 20903 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6789443, 24.150%, 2/17/2031 †§x | Upstart | 2/20/2026 | 30100 | 30100 | 29879 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6789448, 32.030%, 2/17/2031 †§x | Upstart | 2/20/2026 | 38900 | 38900 | 38585 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6789515, 20.000%, 2/17/2031 †x | Upstart | 2/20/2026 | 33500 | 33500 | 33322 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6789789, 20.670%, 2/17/2031 †§x | Upstart | 2/20/2026 | 51000 | 51000 | 50761 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6790266, 32.250%, 2/17/2031 †§x | Upstart | 2/20/2026 | 74000 | 74000 | 73399 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6790274, 18.680%, 2/18/2031 †§x | Upstart | 2/23/2026 | 68000 | 68000 | 67713 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6790556, 17.270%, 2/17/2031 †§x | Upstart | 2/20/2026 | 72000 | 72000 | 71774 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6791226, 31.990%, 2/17/2031 †§x | Upstart | 2/20/2026 | 24500 | 24500 | 24302 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6791347, 31.830%, 2/17/2031 †§x | Upstart | 2/20/2026 | 20200 | 20200 | 20037 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6791932, 17.610%, 2/17/2031 †x | Upstart | 2/20/2026 | 35700 | 35700 | 35587 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6791970, 16.170%, 2/17/2031 †§x | Upstart | 2/20/2026 | 33000 | 33000 | 32900 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6792021, 20.070%, 2/17/2031 †§x | Upstart | 2/20/2026 | 45300 | 45300 | 45059 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6792126, 19.070%, 2/18/2029 †§x | Upstart | 2/23/2026 | 22000 | 22000 | 21898 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6792141, 20.720%, 2/17/2029 †§x | Upstart | 2/20/2026 | 30100 | 30100 | 29946 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6792466, 14.240%, 2/18/2031 †§x | Upstart | 2/23/2026 | 60000 | 60000 | 59838 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6793310, 31.380%, 2/18/2031 †§x | Upstart | 2/23/2026 | 39700 | 39700 | 39401 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6793401, 30.060%, 2/18/2031 †§x | Upstart | 2/23/2026 | 26600 | 26600 | 26403 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6793523, 20.750%, 2/18/2031 †§x | Upstart | 2/23/2026 | 27900 | 27900 | 27759 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6793732, 24.270%, 2/18/2031 †§x | Upstart | 2/23/2026 | 37800 | 37932 | 37597 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6793965, 18.030%, 2/18/2031 †§x | Upstart | 2/23/2026 | 21000 | 21000 | 20936 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6793988, 21.870%, 2/18/2031 †§x | Upstart | 2/23/2026 | 21400 | 21400 | 21290 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6793992, 29.190%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22200 | 22278 | 22038 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6794139, 18.500%, 2/18/2031 †§x | Upstart | 2/23/2026 | 20500 | 20500 | 20414 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6794430, 22.250%, 2/18/2031 †x | Upstart | 2/23/2026 | 32326 | 32326 | 32159 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6794521, 17.900%, 2/18/2031 †§x | Upstart | 2/23/2026 | 21200 | 21200 | 21135 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6794658, 27.300%, 2/24/2031 †x | Upstart | 2/27/2026 | 43800 | 43800 | 43800 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6794810, 17.800%, 2/18/2031 †§x | Upstart | 2/23/2026 | 33900 | 33900 | 33760 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6795037, 10.560%, 2/18/2031 †x | Upstart | 2/23/2026 | 50000 | 50000 | 49928 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6795088, 31.900%, 2/18/2031 †§x | Upstart | 2/23/2026 | 24900 | 24900 | 24712 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6795436, 30.420%, 2/18/2031 †§x | Upstart | 2/23/2026 | 54000 | 54000 | 53599 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**239** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6795748, 15.820%, 2/18/2031 †§x | Upstart | 2/23/2026 | $51000 | $51000 | $50855 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6795758, 32.370%, 2/18/2031 †§x | Upstart | 2/23/2026 | 41600 | 41600 | 41283 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6795910, 19.890%, 2/18/2031 †x | Upstart | 2/23/2026 | 24700 | 24700 | 24577 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6796085, 32.270%, 2/18/2031 †§x | Upstart | 2/23/2026 | 34000 | 34000 | 33741 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6796105, 26.910%, 2/18/2031 †§x | Upstart | 2/23/2026 | 21600 | 21600 | 21447 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6796210, 27.940%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22400 | 22400 | 22239 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6796543, 18.680%, 2/18/2031 †x | Upstart | 2/23/2026 | 50000 | 50000 | 49789 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6796702, 28.830%, 2/18/2031 †§x | Upstart | 2/23/2026 | 23200 | 23200 | 23080 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6796721, 17.140%, 2/18/2031 †§x | Upstart | 2/23/2026 | 35000 | 35000 | 34896 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6796846, 18.350%, 2/18/2031 †x | Upstart | 2/23/2026 | 25600 | 25600 | 25521 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797086, 20.310%, 2/18/2031 †§x | Upstart | 2/23/2026 | 21700 | 21700 | 21591 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797089, 28.310%, 2/18/2031 †§x | Upstart | 2/23/2026 | 41600 | 41600 | 41300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797148, 20.880%, 2/18/2031 †§x | Upstart | 2/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24575 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797165, 20.830%, 2/19/2029 †x | Upstart | 2/24/2026 | 30900 | 30900 | 30761 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797210, 28.300%, 2/18/2031 †§x | Upstart | 2/23/2026 | 49900 | 49900 | 49540 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797223, 31.720%, 2/18/2031 †§x | Upstart | 2/23/2026 | 24600 | 24600 | 24414 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797265, 25.540%, 2/18/2031 †§x | Upstart | 2/23/2026 | 23400 | 23400 | 23271 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797462, 31.730%, 2/18/2031 †§x | Upstart | 2/23/2026 | 43500 | 43500 | 43171 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797479, 32.010%, 2/18/2031 †x | Upstart | 2/23/2026 | 26300 | 26300 | 26101 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797590, 19.030%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22600 | 22600 | 22490 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797668, 18.000%, 2/18/2031 †§x | Upstart | 2/23/2026 | 31500 | 31610 | 31369 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797707, 31.350%, 2/18/2031 †§x | Upstart | 2/23/2026 | 39200 | 39337 | 38905 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6797937, 12.590%, 2/19/2031 †§x | Upstart | 2/24/2026 | 62000 | 62217 | 61852 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6798121, 13.500%, 2/18/2031 †§x | Upstart | 2/23/2026 | 75000 | 75000 | 74803 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6798367, 21.230%, 2/19/2031 †x | Upstart | 2/24/2026 | 35000 | 35000 | 34854 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6798572, 28.220%, 2/19/2031 †§x | Upstart | 2/24/2026 | 35500 | 35500 | 35262 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6798619, 30.790%, 2/19/2031 †§x | Upstart | 2/24/2026 | 38500 | 38500 | 38232 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6798623, 26.100%, 2/19/2031 †§x | Upstart | 2/24/2026 | 41100 | 41244 | 40886 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6798743, 19.870%, 2/19/2031 †§x | Upstart | 2/24/2026 | 33300 | 33300 | 33197 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6798960, 30.730%, 2/19/2031 †§x | Upstart | 2/24/2026 | 38600 | 38600 | 38332 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6799406, 28.150%, 2/19/2031 †§x | Upstart | 2/24/2026 | 20800 | 20800 | 20661 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6799618, 29.920%, 2/19/2031 †§x | Upstart | 2/24/2026 | 27500 | 27500 | 27311 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6799639, 24.820%, 2/19/2031 †§x | Upstart | 2/24/2026 | 40000 | 40000 | 39797 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6800372, 17.820%, 2/19/2031 †x | Upstart | 2/24/2026 | 28000 | 28000 | 27919 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6800661, 14.840%, 2/19/2031 †§x | Upstart | 2/24/2026 | 56000 | 56000 | 55854 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6800719, 18.170%, 2/20/2031 †§x | Upstart | 2/25/2026 | 33200 | 33200 | 33080 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6801081, 27.250%, 2/19/2031 †§x | Upstart | 2/24/2026 | 22200 | 22278 | 22053 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6801316, 19.900%, 2/19/2031 †§x | Upstart | 2/24/2026 | 24500 | 24500 | 24387 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6801500, 22.110%, 2/19/2031 †§x | Upstart | 2/24/2026 | 50000 | 50000 | 49787 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6801724, 21.160%, 2/20/2031 †§x | Upstart | 2/25/2026 | 29700 | 29700 | 29584 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6801736, 31.330%, 2/19/2031 †§x | Upstart | 2/24/2026 | 29400 | 29400 | 29194 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6801807, 12.620%, 2/19/2031 †x | Upstart | 2/24/2026 | 50000 | 50000 | 49880 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802027, 17.850%, 2/19/2031 †§x | Upstart | 2/24/2026 | 24800 | 24800 | 24704 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802117, 31.220%, 2/19/2031 †§x | Upstart | 2/24/2026 | 21700 | 21700 | 21548 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802237, 27.790%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49693 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802308, 24.990%, 2/19/2031 †§x | Upstart | 2/24/2026 | 35100 | 35100 | 34921 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802324, 15.980%, 2/19/2031 †§x | Upstart | 2/24/2026 | 23700 | 23700 | 23613 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802505, 29.980%, 2/19/2031 †§x | Upstart | 2/24/2026 | 27500 | 27500 | 27311 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802571, 30.170%, 2/19/2031 †§x | Upstart | 2/24/2026 | 28300 | 28300 | 28105 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802709, 28.810%, 2/19/2031 †x | Upstart | 2/24/2026 | 44000 | 44000 | 43703 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802915, 31.420%, 2/20/2031 †§x | Upstart | 2/25/2026 | 21600 | 21600 | 21460 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802916, 31.470%, 2/19/2031 †§x | Upstart | 2/24/2026 | 35100 | 35100 | 34854 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802936, 18.150%, 2/19/2031 †§x | Upstart | 2/24/2026 | 23500 | 23500 | 23409 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6802985, 31.730%, 2/19/2031 †§x | Upstart | 2/24/2026 | 27700 | 27700 | 27505 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803025, 19.250%, 2/19/2031 †x | Upstart | 2/24/2026 | 39500 | 39638 | 39342 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803057, 32.010%, 2/19/2031 †§x | Upstart | 2/24/2026 | 43700 | 43700 | 43391 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**240** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803091, 31.950%, 2/19/2031 †§x | Upstart | 2/24/2026 | $39400 | $39400 | $39122 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803114, 31.010%, 2/19/2031 †§x | Upstart | 2/24/2026 | 73000 | 73256 | 72586 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803367, 18.470%, 2/19/2031 †§x | Upstart | 2/24/2026 | 43700 | 43700 | 43504 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803453, 22.760%, 2/20/2031 †x | Upstart | 2/25/2026 | 58000 | 58000 | 57765 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803461, 30.770%, 2/19/2031 †§x | Upstart | 2/24/2026 | 24000 | 24084 | 23833 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803496, 30.890%, 2/19/2031 †x | Upstart | 2/24/2026 | 23700 | 23700 | 23535 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803522, 20.450%, 2/19/2031 †§x | Upstart | 2/24/2026 | 44700 | 44856 | 44491 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803528, 26.160%, 2/19/2031 †x | Upstart | 2/24/2026 | 59000 | 59000 | 58616 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803568, 18.580%, 2/19/2031 †x | Upstart | 2/24/2026 | 35600 | 35600 | 35460 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803609, 19.530%, 2/19/2031 †§x | Upstart | 2/24/2026 | 45800 | 45800 | 45590 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803704, 22.880%, 2/19/2031 †§x | Upstart | 2/24/2026 | 29700 | 29700 | 29554 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6803969, 18.750%, 2/20/2031 †§x | Upstart | 2/25/2026 | 38900 | 38900 | 38790 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804364, 32.140%, 2/20/2031 †§x | Upstart | 2/25/2026 | 39700 | 39700 | 39439 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804407, 16.180%, 2/20/2031 †§x | Upstart | 2/25/2026 | 39400 | 39400 | 39298 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804560, 15.620%, 2/20/2031 †x | Upstart | 2/25/2026 | 25000 | 25000 | 24937 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804565, 32.380%, 2/20/2031 †x | Upstart | 2/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23345 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804574, 19.590%, 2/20/2031 †§x | Upstart | 2/25/2026 | 23000 | 23000 | 22902 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804709, 28.870%, 2/20/2031 †§x | Upstart | 2/25/2026 | 43100 | 43100 | 42831 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804860, 26.690%, 2/20/2031 †§x | Upstart | 2/25/2026 | 36200 | 36200 | 35981 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6804959, 23.410%, 2/20/2031 †x | Upstart | 2/25/2026 | 28800 | 28800 | 28667 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6805552, 14.550%, 2/20/2031 †§x | Upstart | 2/25/2026 | 22500 | 22500 | 22445 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6805607, 21.610%, 2/20/2031 †§x | Upstart | 2/25/2026 | 25000 | 25088 | 24901 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806015, 20.330%, 2/20/2031 †§x | Upstart | 2/25/2026 | 21000 | 21000 | 20909 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806039, 27.240%, 2/20/2031 †§x | Upstart | 2/25/2026 | 30100 | 30100 | 29917 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806083, 20.420%, 2/20/2031 †x | Upstart | 2/25/2026 | 33500 | 33500 | 33355 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806164, 27.650%, 2/20/2031 †§x | Upstart | 2/25/2026 | 35600 | 35600 | 35382 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806167, 13.430%, 2/20/2031 †x | Upstart | 2/25/2026 | 22600 | 22600 | 22548 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806213, 31.740%, 2/20/2031 †x | Upstart | 2/25/2026 | 20700 | 20700 | 20565 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806233, 31.740%, 2/20/2031 †§x | Upstart | 2/25/2026 | 24900 | 24900 | 24738 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806730, 12.830%, 2/20/2031 †§x | Upstart | 2/25/2026 | 38000 | 38000 | 37941 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806739, 30.570%, 2/20/2031 †§x | Upstart | 2/25/2026 | 32800 | 32800 | 32590 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6806907, 17.100%, 2/20/2031 †§x | Upstart | 2/25/2026 | 22600 | 22600 | 22540 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6807394, 20.100%, 2/20/2031 †§x | Upstart | 2/25/2026 | 40000 | 40000 | 39828 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6807415, 17.190%, 2/20/2031 †§x | Upstart | 2/25/2026 | 28500 | 28500 | 28400 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6807453, 31.100%, 2/20/2031 †x | Upstart | 2/25/2026 | 24700 | 24786 | 24540 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6807497, 21.800%, 2/20/2031 †§x | Upstart | 2/25/2026 | 22000 | 22000 | 21932 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6807975, 27.470%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49694 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808125, 18.910%, 2/20/2031 †§x | Upstart | 2/25/2026 | 49800 | 49800 | 49592 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808161, 18.150%, 2/20/2031 †§x | Upstart | 2/25/2026 | 40000 | 40000 | 39855 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808195, 23.110%, 2/20/2031 †§x | Upstart | 2/25/2026 | 33300 | 33300 | 33148 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808199, 26.790%, 2/20/2031 †§x | Upstart | 2/25/2026 | 26000 | 26000 | 25843 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808282, 28.890%, 2/20/2031 †§x | Upstart | 2/25/2026 | 38500 | 38500 | 38259 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808321, 14.020%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49881 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808348, 32.330%, 2/20/2031 †§x | Upstart | 2/25/2026 | 39300 | 39300 | 39041 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808373, 30.750%, 2/20/2031 †§x | Upstart | 2/25/2026 | 24900 | 24900 | 24740 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808562, 30.540%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24500 | 24500 | 24381 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808583, 31.920%, 2/20/2031 †§x | Upstart | 2/25/2026 | 49200 | 49200 | 48878 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6808698, 18.480%, 2/20/2029 †§x | Upstart | 2/25/2026 | 41200 | 41200 | 41037 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809114, 32.020%, 2/23/2031 †x | Upstart | 2/26/2026 | 36300 | 36300 | 36118 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809351, 12.950%, 2/23/2031 †§x | Upstart | 2/26/2026 | 22600 | 22600 | 22559 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809476, 25.880%, 2/23/2031 †x | Upstart | 2/26/2026 | 50000 | 50000 | 49778 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809606, 32.120%, 2/23/2031 †§x | Upstart | 2/26/2026 | 44500 | 44500 | 44277 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809704, 29.820%, 2/23/2031 †§x | Upstart | 2/26/2026 | 24500 | 24586 | 24382 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809817, 28.790%, 2/23/2031 †§x | Upstart | 2/26/2026 | 20700 | 20700 | 20616 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809909, 21.730%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 21600 | 21600 | 21527 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6809948, 31.880%, 2/23/2031 †§x | Upstart | 2/26/2026 | 51000 | 51000 | 50778 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**241** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6810064, 29.400%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | $24900 | $24900 | $24781 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6810420, 19.950%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 28500 | 28500 | 28416 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6810816, 31.340%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 32000 | 32000 | 31842 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6810957, 20.470%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 33900 | 34019 | 33798 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6811082, 31.240%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 35900 | 35900 | 35723 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6811190, 30.790%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 49100 | 49100 | 48853 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6811433, 15.100%, 2/23/2031 †x | Upstart | 2/26/2026 | 50000 | 50000 | 49899 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6811496, 31.400%, 2/23/2031 †§x | Upstart | 2/26/2026 | 39300 | 39300 | 39105 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6811610, 32.380%, 2/23/2031 †§x | Upstart | 2/26/2026 | 28400 | 28400 | 28257 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6811659, 19.290%, 2/23/2031 †§x | Upstart | 2/26/2026 | 26900 | 26900 | 26822 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6812093, 30.570%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 44100 | 44254 | 43885 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6812439, 26.510%, 2/23/2031 †x | Upstart | 2/26/2026 | 27200 | 27200 | 27078 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6812728, 13.140%, 2/24/2031 †x | Upstart | 2/27/2026 | 53000 | 53000 | 53000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6812989, 17.410%, 2/23/2031 †§x | Upstart | 2/26/2026 | 21400 | 21475 | 21342 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6813021, 14.680%, 2/23/2029 †§x | Upstart | 2/26/2026 | 21300 | 21300 | 21252 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6813087, 16.000%, 2/23/2031 †§x | Upstart | 2/26/2026 | 39800 | 39800 | 39716 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6813730, 19.320%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49880 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6813775, 30.080%, 2/23/2031 †§x | Upstart | 2/26/2026 | 24500 | 24500 | 24382 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6813845, 28.700%, 2/23/2031 †x | Upstart | 2/26/2026 | 24900 | 24900 | 24799 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6813905, 31.210%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 31200 | 31200 | 31046 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6814004, 30.960%, 2/23/2031 †§x | Upstart | 2/26/2026 | 20600 | 20600 | 20499 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6814139, 29.770%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39808 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6814188, 19.710%, 2/23/2031 †§x | Upstart | 2/26/2026 | 20300 | 20300 | 20235 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6814677, 18.020%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24300 | 24300 | 24244 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6814739, 30.010%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 26200 | 26200 | 26074 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6814863, 18.520%, 2/23/2031 †§x | Upstart | 2/26/2026 | 23000 | 23000 | 22929 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6815269, 18.850%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49843 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6815345, 27.290%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 22100 | 22100 | 21999 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6815368, 18.660%, 2/23/2031 †x | Upstart | 2/26/2026 | 36000 | 36000 | 35888 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6815573, 20.900%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 21300 | 21300 | 21229 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6815726, 29.900%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 41500 | 41645 | 41300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816256, 32.110%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 23000 | 23000 | 22885 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816432, 28.260%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 49400 | 49573 | 49202 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816553, 17.780%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 43900 | 43900 | 43779 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816670, 22.630%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 45600 | 45600 | 45441 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816737, 18.910%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 27500 | 27500 | 27414 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816756, 18.370%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 20600 | 20600 | 20542 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816905, 21.050%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 20600 | 20600 | 20533 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6816997, 18.870%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 22700 | 22700 | 22635 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817013, 12.190%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49933 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817163, 28.890%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 51000 | 51000 | 50807 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817242, 29.980%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 29600 | 29600 | 29457 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817246, 28.550%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24400 | 24400 | 24286 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817343, 31.750%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24500 | 24500 | 24378 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817488, 18.860%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 44000 | 44000 | 43896 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817520, 28.790%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 21700 | 21700 | 21595 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817526, 24.670%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24700 | 24700 | 24609 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817690, 28.660%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 43000 | 43000 | 42826 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6817962, 32.280%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 28500 | 28500 | 28357 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818063, 30.080%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 31300 | 31300 | 31149 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818203, 31.310%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 44500 | 44500 | 44280 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818222, 20.050%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49876 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818272, 18.010%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 35300 | 35300 | 35202 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818359, 18.900%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49857 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818454, 19.480%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 49500 | 49500 | 49356 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818634, 32.250%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 32600 | 32600 | 32436 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**242** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818649, 25.140%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | $75000 | $75000 | $74742 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818772, 30.460%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 29400 | 29400 | 29253 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818785, 29.640%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 47000 | 47000 | 46775 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6818941, 13.980%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49904 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6819014, 31.090%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49754 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6819047, 20.520%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 67000 | 67000 | 66798 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6819306, 18.720%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 22200 | 22200 | 22131 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6819373, 31.960%, 2/24/2031 †x | Upstart | 2/27/2026 | 29600 | 29600 | 29600 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6820197, 14.480%, 2/23/2031 †x | Upstart | 2/26/2026 | 50000 | 50000 | 49902 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6821293, 32.380%, 2/24/2031 †x | Upstart | 2/27/2026 | 29500 | 29500 | 29500 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6821401, 21.010%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6821787, 17.510%, 2/24/2031 †x | Upstart | 2/27/2026 | 22500 | 22500 | 22500 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6821874, 17.480%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6821919, 20.210%, 2/24/2031 †x | Upstart | 2/27/2026 | 39500 | 39500 | 39500 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6822053, 30.750%, 2/24/2031 †x | Upstart | 2/27/2026 | 32100 | 32100 | 32100 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6822126, 30.530%, 2/24/2031 †x | Upstart | 2/27/2026 | 21100 | 21100 | 21100 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6822797, 31.080%, 2/24/2031 †x | Upstart | 2/27/2026 | 45500 | 45500 | 45500 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6822888, 30.740%, 2/24/2029 †x | Upstart | 2/27/2026 | 34400 | 34400 | 34400 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823044, 29.040%, 2/24/2031 †x | Upstart | 2/27/2026 | 45800 | 45800 | 45800 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823061, 32.010%, 2/24/2031 †x | Upstart | 2/27/2026 | 42900 | 42900 | 42900 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823274, 29.650%, 2/24/2029 †x | Upstart | 2/27/2026 | 24500 | 24500 | 24500 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823384, 31.790%, 2/24/2031 †x | Upstart | 2/27/2026 | 28700 | 28700 | 28700 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823720, 20.400%, 2/24/2031 †x | Upstart | 2/27/2026 | 32500 | 32500 | 32500 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823732, 19.480%, 2/24/2031 †x | Upstart | 2/27/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823876, 20.020%, 2/24/2031 †x | Upstart | 2/27/2026 | 32300 | 32300 | 32300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6823989, 31.770%, 2/24/2031 †x | Upstart | 2/27/2026 | 20800 | 20800 | 20800 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6824379, 27.420%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6824435, 29.930%, 2/24/2031 †x | Upstart | 2/27/2026 | 33300 | 33300 | 33300 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6824540, 32.320%, 2/24/2031 †x | Upstart | 2/27/2026 | 48900 | 48900 | 48900 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6824581, 29.810%, 2/24/2031 †x | Upstart | 2/27/2026 | 29400 | 29400 | 29400 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6824797, 15.600%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6825061, 31.990%, 2/24/2031 †x | Upstart | 2/27/2026 | 28600 | 28600 | 28600 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6825113, 13.080%, 2/24/2031 †x | Upstart | 2/27/2026 | 65000 | 65000 | 65000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6825324, 21.860%, 2/24/2031 †x | Upstart | 2/27/2026 | 31000 | 31000 | 31000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DRB6825866, 17.230%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW2788062, 23.970%, 1/28/2028 †x# | Upstart | 3/17/2022 | 23066 | 23066 | 22733 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW2879149, 20.920%, 2/01/2028 †x | Upstart | 4/06/2022 | 21486 | 21486 | 21110 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3121618, 25.050%, 10/25/2027 †x# | Upstart | 5/31/2022 | 25892 | 25892 | 26193 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3158930, 25.760%, 11/01/2027 †x | Upstart | 6/06/2022 | 24779 | 24779 | 24809 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3206791, 25.320%, 6/13/2027 †x#◇ | Upstart | 6/16/2022 | 21758 | 21758 | 20976 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3220402, 29.970%, 6/15/2027 †x◇ | Upstart | 6/21/2022 | 20800 | 20800 | 20900 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3251060, 29.650%, 7/01/2027 †x◇ | Upstart | 7/07/2022 | 22210 | 21924 | 22201 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3254555, 14.250%, 12/05/2027 †x | Upstart | 7/08/2022 | 20773 | 20495 | 20410 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3263839, 22.010%, 12/16/2027 †x#◇ | Upstart | 7/13/2022 | 26950 | 26950 | 26059 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3272122, 29.770%, 7/12/2027 †x◇ | Upstart | 7/15/2022 | 23049 | 23049 | 22394 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3281754, 12.380%, 5/28/2028 †x# | Upstart | 7/20/2022 | 20136 | 20136 | 20145 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3287785, 26.420%, 7/18/2027 †x#◇ | Upstart | 7/21/2022 | 23108 | 23108 | 22512 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3365598, 26.890%, 2/03/2028 †x | Upstart | 8/24/2022 | 29296 | 29296 | 30101 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3417061, 25.260%, 9/12/2027 †§x | Upstart | 9/15/2022 | 22306 | 22002 | 22263 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3417742, 23.870%, 9/12/2027 †§x | Upstart | 9/15/2022 | 20262 | 19992 | 20466 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3420924, 12.460%, 2/28/2028 †x | Upstart | 9/16/2022 | 27042 | 26664 | 27126 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3430681, 17.630%, 9/16/2027 †§x | Upstart | 9/21/2022 | 20670 | 20444 | 20667 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3438238, 28.350%, 9/28/2027 †§x# | Upstart | 9/23/2022 | 19728 | 19443 | 20078 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3439009, 23.030%, 9/20/2027 †§x | Upstart | 9/23/2022 | 20858 | 20579 | 20856 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3439111, 21.910%, 9/20/2027 †§x# | Upstart | 9/23/2022 | 22126 | 21870 | 22128 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3443681, 21.930%, 2/24/2028 †x# | Upstart | 9/26/2022 | 28774 | 28349 | 29427 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**243** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3444802, 24.750%, 9/22/2027 †x | Upstart | 9/27/2022 | $22673 | $22363 | $23081 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3459737, 15.380%, 10/03/2027 †§x | Upstart | 10/06/2022 | 21064 | 20806 | 21004 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3472476, 24.100%, 3/15/2028 †x | Upstart | 10/06/2022 | 25158 | 24727 | 25427 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3474502, 24.510%, 3/03/2028 †x | Upstart | 10/06/2022 | 20332 | 20037 | 20558 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3475610, 27.800%, 3/17/2028 †x# | Upstart | 10/06/2022 | 37973 | 37304 | 36503 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3476306, 16.810%, 10/04/2027 †§x | Upstart | 10/07/2022 | 21465 | 21195 | 21405 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3479633, 17.210%, 10/16/2027 †x | Upstart | 10/11/2022 | 21878 | 21600 | 21824 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3481092, 21.780%, 8/05/2028 †x# | Upstart | 10/11/2022 | 22781 | 22297 | 23189 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3482891, 28.370%, 10/06/2027 †§x | Upstart | 10/12/2022 | 19835 | 19545 | 20070 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3483621, 24.720%, 10/06/2027 †§x | Upstart | 10/12/2022 | 19846 | 19570 | 20140 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3483975, 23.770%, 10/06/2027 †§x | Upstart | 10/12/2022 | 21132 | 20840 | 21306 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3483991, 15.020%, 3/06/2028 †x | Upstart | 10/12/2022 | 20658 | 20372 | 20682 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3485383, 19.320%, 3/22/2028 †x# | Upstart | 10/13/2022 | 32708 | 31727 | 33324 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3591374, 24.840%, 11/25/2027 †§x# | Upstart | 11/30/2022 | 22513 | 21838 | 22900 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3591560, 15.310%, 11/25/2027 †§x# | Upstart | 11/30/2022 | 23066 | 22761 | 23076 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3591590, 17.820%, 11/25/2027 †x | Upstart | 11/30/2022 | 22580 | 22271 | 22592 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3591687, 14.880%, 11/28/2027 †x# | Upstart | 11/30/2022 | 22786 | 22484 | 22795 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3594441, 23.120%, 11/28/2027 †§x# | Upstart | 12/01/2022 | 25246 | 24883 | 25491 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3595688, 15.360%, 11/28/2027 †§x# | Upstart | 12/01/2022 | 22280 | 21983 | 22188 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3596398, 18.710%, 11/28/2027 †x# | Upstart | 12/01/2022 | 23848 | 23516 | 24158 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3596734, 27.630%, 11/28/2027 †§x# | Upstart | 12/01/2022 | 26415 | 26054 | 26936 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3646387, 17.440%, 1/01/2028 †§x | Upstart | 1/04/2023 | 24492 | 24142 | 24386 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3646468, 30.050%, 1/01/2028 †§x | Upstart | 1/05/2023 | 26023 | 25592 | 26581 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3646555, 21.750%, 1/01/2028 †x | Upstart | 1/04/2023 | 25810 | 25421 | 26089 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3646965, 28.300%, 1/01/2028 †§x | Upstart | 1/05/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3647096, 28.180%, 1/01/2028 †§x# | Upstart | 1/05/2023 | 27816 | 27363 | 28423 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3649445, 26.410%, 1/03/2028 †x | Upstart | 1/06/2023 | 26996 | 26564 | 27590 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3649496, 22.480%, 6/03/2028 †x# | Upstart | 1/06/2023 | 25814 | 25354 | 26188 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3649606, 9.860%, 1/03/2028 †§x | Upstart | 1/06/2023 | 22110 | 21824 | 22132 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3662042, 11.060%, 1/17/2028 †x◇ | Upstart | 1/20/2023 | 21971 | 21725 | 22001 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3664774, 12.120%, 1/18/2028 †x◇ | Upstart | 1/23/2023 | 22779 | 22521 | 22813 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3665176, 16.960%, 6/18/2028 †x | Upstart | 1/23/2023 | 23990 | 23645 | 23961 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3665611, 17.880%, 1/19/2028 †x◇ | Upstart | 1/24/2023 | 24611 | 24313 | 24583 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3665920, 25.330%, 1/19/2028 †x◇ | Upstart | 1/24/2023 | 21216 | 20933 | 21556 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3667104, 21.070%, 1/20/2028 †x◇ | Upstart | 1/25/2023 | 24816 | 24498 | 25286 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3668000, 18.620%, 6/23/2028 †x# | Upstart | 1/26/2023 | 29291 | 28857 | 29270 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3668005, 21.300%, 1/23/2028 †x◇ | Upstart | 1/26/2023 | 23116 | 22836 | 23583 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3668064, 26.580%, 1/23/2028 †x◇ | Upstart | 1/26/2023 | 24871 | 24535 | 25581 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3701021, 17.270%, 2/22/2028 †x◇ | Upstart | 2/27/2023 | 25182 | 24862 | 25280 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3701343, 19.410%, 2/22/2028 †x◇ | Upstart | 2/27/2023 | 25803 | 25468 | 25894 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3701384, 26.090%, 2/22/2028 †x◇ | Upstart | 2/27/2023 | 19716 | 19439 | 20084 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3703837, 11.390%, 2/24/2028 †x◇ | Upstart | 3/01/2023 | 21407 | 21154 | 21449 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3705190, 16.070%, 2/28/2028 †x◇ | Upstart | 3/02/2023 | 21243 | 20949 | 21355 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3707947, 26.950%, 2/28/2028 †x#◇ | Upstart | 3/03/2023 | 27328 | 26936 | 27531 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3708254, 21.980%, 3/01/2028 †x#◇ | Upstart | 3/03/2023 | 22422 | 22156 | 22404 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3708496, 22.160%, 2/28/2028 †x◇ | Upstart | 3/03/2023 | 20016 | 19745 | 20248 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3708604, 19.400%, 2/28/2028 †x#◇ | Upstart | 3/03/2023 | 22951 | 22650 | 23235 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3709924, 28.720%, 3/01/2028 †x◇ | Upstart | 3/06/2023 | 23652 | 23317 | 23978 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3711786, 30.030%, 8/02/2028 †x# | Upstart | 3/07/2023 | 20333 | 20134 | 20721 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3712132, 18.240%, 3/08/2028 †x◇ | Upstart | 3/13/2023 | 20550 | 20288 | 20570 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3712272, 18.600%, 3/03/2028 †x◇ | Upstart | 3/08/2023 | 20493 | 20231 | 20488 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3713958, 12.410%, 3/03/2028 †x◇ | Upstart | 3/08/2023 | 24658 | 24365 | 24673 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3716142, 14.700%, 8/07/2028 †x | Upstart | 3/09/2023 | 25654 | 25284 | 25693 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3717502, 19.110%, 3/06/2028 †x◇ | Upstart | 3/09/2023 | 21366 | 21091 | 21685 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3718865, 24.920%, 3/13/2028 †x◇ | Upstart | 3/16/2023 | 21000 | 20475 | 21374 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3721940, 27.600%, 3/09/2028 †x◇ | Upstart | 3/14/2023 | 29239 | 28826 | 29743 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**244** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3723776, 27.260%, 3/10/2028 †x◇ | Upstart | 3/15/2023 | $20983 | $20687 | $21354 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3724377, 13.940%, 3/10/2028 †x◇ | Upstart | 3/15/2023 | 25128 | 24822 | 25160 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3739672, 12.850%, 3/24/2028 †x#◇ | Upstart | 3/29/2023 | 24466 | 24167 | 24529 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3757189, 21.000%, 4/13/2028 †§x | Upstart | 4/18/2023 | 28111 | 28111 | 28595 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3760007, 28.850%, 9/17/2028 †x# | Upstart | 4/20/2023 | 23759 | 23759 | 24355 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3760120, 22.110%, 10/02/2028 †x# | Upstart | 4/20/2023 | 30671 | 30671 | 30555 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3760236, 25.210%, 4/17/2028 †§x | Upstart | 4/20/2023 | 29359 | 29359 | 29998 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3760717, 24.220%, 4/21/2028 †x# | Upstart | 4/21/2023 | 31236 | 31236 | 32006 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3762238, 17.640%, 4/18/2028 †§x | Upstart | 4/21/2023 | 27100 | 27100 | 27190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3762839, 15.320%, 4/19/2028 †§x | Upstart | 4/24/2023 | 20063 | 20063 | 20141 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3763063, 24.620%, 4/18/2028 †§x | Upstart | 4/21/2023 | 20570 | 20570 | 20906 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3764196, 14.230%, 4/20/2028 †§x | Upstart | 4/25/2023 | 26065 | 26065 | 26176 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3764277, 11.640%, 4/19/2028 †§x | Upstart | 4/24/2023 | 25264 | 25264 | 25349 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3764720, 28.510%, 4/19/2028 †§x# | Upstart | 4/24/2023 | 23566 | 23566 | 22968 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3785585, 21.890%, 5/08/2028 †§x | Upstart | 5/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20742 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3785925, 19.900%, 5/23/2028 †§x# | Upstart | 5/11/2023 | 29507 | 29317 | 29897 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3785977, 20.770%, 3/08/2029 †x | Upstart | 5/11/2023 | 28879 | 28590 | 29256 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3786331, 25.710%, 5/08/2028 †x | Upstart | 5/11/2023 | 28125 | 27854 | 28236 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3787954, 25.640%, 5/08/2028 †§x | Upstart | 5/11/2023 | 27319 | 27162 | 27668 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3788181, 17.250%, 10/08/2028 †x | Upstart | 5/11/2023 | 21806 | 21670 | 21725 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3788450, 28.220%, 10/23/2028 †x | Upstart | 5/11/2023 | 37427 | 37053 | 37829 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3788756, 28.800%, 5/09/2028 †§x | Upstart | 5/12/2023 | 23332 | 23193 | 23449 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3788853, 15.220%, 5/09/2028 †§x | Upstart | 5/12/2023 | 27011 | 26870 | 26925 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3790165, 23.500%, 5/09/2028 †§x# | Upstart | 5/12/2023 | 26410 | 26261 | 26753 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3791244, 28.750%, 5/10/2028 †§x# | Upstart | 5/15/2023 | 30116 | 29938 | 29990 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3791251, 25.340%, 5/10/2028 †§x | Upstart | 5/15/2023 | 27456 | 27295 | 27832 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3791413, 19.690%, 5/10/2028 †§x | Upstart | 5/15/2023 | 28590 | 28434 | 28987 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3791532, 26.150%, 10/10/2028 †x | Upstart | 5/15/2023 | 34136 | 34136 | 33814 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3791976, 28.720%, 5/10/2028 †§x# | Upstart | 5/15/2023 | 21125 | 21011 | 21237 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3792035, 22.310%, 10/11/2028 †x | Upstart | 5/16/2023 | 21739 | 21627 | 21927 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3793086, 26.480%, 5/11/2028 †§x | Upstart | 5/16/2023 | 24154 | 24012 | 24454 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3793504, 14.790%, 5/11/2028 †§x# | Upstart | 5/16/2023 | 26964 | 26823 | 26891 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3794531, 23.210%, 5/12/2028 †§x# | Upstart | 5/17/2023 | 23941 | 23726 | 24105 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3795501, 18.710%, 10/15/2028 †x# | Upstart | 5/18/2023 | 31413 | 31248 | 31018 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3795614, 20.220%, 5/15/2028 †x | Upstart | 5/18/2023 | 28750 | 28592 | 29196 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3795821, 16.650%, 5/15/2028 †§x | Upstart | 5/18/2023 | 27666 | 27519 | 27606 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3797422, 11.130%, 5/18/2028 †§x | Upstart | 5/23/2023 | 20410 | 20307 | 20474 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3797873, 27.770%, 5/16/2028 †§x | Upstart | 5/19/2023 | 30891 | 30708 | 31389 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3799657, 12.060%, 5/16/2028 †§x | Upstart | 5/19/2023 | 25206 | 25078 | 25274 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3801402, 22.830%, 5/18/2028 †§x | Upstart | 5/23/2023 | 23623 | 23489 | 23575 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3801913, 23.300%, 5/18/2028 †x | Upstart | 5/23/2023 | 27092 | 26935 | 27503 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3802644, 14.650%, 5/18/2028 †§x | Upstart | 5/23/2023 | 24315 | 24072 | 24378 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3806106, 15.450%, 5/22/2028 †x | Upstart | 5/25/2023 | 24439 | 24195 | 24428 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3811339, 22.840%, 5/24/2028 †x | Upstart | 5/30/2023 | 26624 | 26471 | 26886 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3811586, 29.890%, 5/28/2028 †§x | Upstart | 5/30/2023 | 33277 | 33071 | 33978 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3850193, 28.770%, 6/20/2028 †x#◇ | Upstart | 6/23/2023 | 21824 | 21686 | 21135 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3851024, 10.390%, 11/20/2028 †x | Upstart | 6/23/2023 | 24190 | 24044 | 24314 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3851440, 28.120%, 11/20/2028 †x# | Upstart | 6/23/2023 | 29292 | 29068 | 29063 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3851639, 19.820%, 2/20/2029 †x# | Upstart | 6/23/2023 | 23824 | 23601 | 24113 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3851807, 27.230%, 6/20/2028 †x◇ | Upstart | 6/23/2023 | 31595 | 31402 | 32178 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3852431, 19.390%, 11/20/2028 †x | Upstart | 6/23/2023 | 20542 | 20392 | 20440 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3855190, 14.740%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | 27757 | 27479 | 27765 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3857039, 18.990%, 6/22/2028 †x◇ | Upstart | 6/27/2023 | 23062 | 22931 | 23485 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3857826, 9.900%, 6/28/2028 †x#◇ | Upstart | 6/28/2023 | 27262 | 27120 | 27391 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3858110, 29.160%, 6/22/2028 †x#◇ | Upstart | 6/27/2023 | 26847 | 26578 | 27379 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3858827, 13.400%, 7/06/2028 †x◇ | Upstart | 7/11/2023 | 25564 | 25371 | 25464 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**245** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3858929, 26.720%, 6/23/2028 †x◇ | Upstart | 6/28/2023 | $23585 | $23441 | $24048 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3859508, 22.790%, 6/23/2028 †x◇ | Upstart | 6/28/2023 | 30422 | 30198 | 30387 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3859693, 28.040%, 11/23/2028 †x# | Upstart | 6/28/2023 | 36506 | 36224 | 37027 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3860704, 13.060%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | 24107 | 23977 | 24197 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3860773, 25.650%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | 31150 | 30960 | 31794 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3861251, 14.640%, 6/26/2028 †x#◇ | Upstart | 6/29/2023 | 20394 | 20283 | 20397 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3861338, 6.000%, 6/26/2028 †x | Upstart | 6/29/2023 | 20567 | 20455 | 20641 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3861660, 14.490%, 7/10/2028 †x#◇ | Upstart | 6/29/2023 | 26687 | 26538 | 26560 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3861825, 14.460%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | 23270 | 23143 | 23350 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3861961, 27.750%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32413 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3864260, 12.100%, 6/27/2028 †x◇ | Upstart | 6/30/2023 | 23945 | 23818 | 24040 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3864261, 14.160%, 6/27/2028 †x#◇ | Upstart | 6/30/2023 | 28633 | 28477 | 28689 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3864287, 26.500%, 6/27/2028 †x◇ | Upstart | 6/30/2023 | 31380 | 31187 | 31740 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3864347, 15.430%, 6/27/2028 †x#◇ | Upstart | 6/30/2023 | 28946 | 28784 | 28806 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3876325, 23.390%, 12/22/2028 †x# | Upstart | 7/12/2023 | 26293 | 26031 | 25944 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3877529, 16.870%, 7/07/2028 †§x | Upstart | 7/12/2023 | 29317 | 29053 | 29205 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3878986, 19.270%, 7/10/2028 †§x | Upstart | 7/13/2023 | 30627 | 30321 | 31072 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3879638, 27.160%, 12/10/2028 †x# | Upstart | 7/13/2023 | 39106 | 38726 | 39193 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3879732, 20.140%, 7/10/2028 †x | Upstart | 7/13/2023 | 21443 | 21250 | 21740 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3881625, 28.450%, 7/10/2028 †§x | Upstart | 7/13/2023 | 19759 | 19579 | 20011 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3882652, 15.960%, 12/11/2028 †x | Upstart | 7/14/2023 | 20996 | 20865 | 20867 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3882722, 25.630%, 12/11/2028 †x# | Upstart | 7/14/2023 | 24809 | 24572 | 23461 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3882788, 12.800%, 7/11/2028 †§x# | Upstart | 7/14/2023 | 28543 | 28287 | 27034 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3901824, 22.930%, 7/26/2028 †§x | Upstart | 7/31/2023 | 25577 | 25345 | 26076 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3901867, 27.210%, 8/02/2028 †x# | Upstart | 7/31/2023 | 31987 | 31687 | 32373 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3901870, 20.090%, 7/26/2028 †§x | Upstart | 7/31/2023 | 20722 | 20534 | 21136 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3901929, 17.350%, 7/26/2028 †x | Upstart | 7/31/2023 | 29537 | 29272 | 30138 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3902799, 22.410%, 8/12/2028 †x# | Upstart | 8/01/2023 | 25551 | 25315 | 25832 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3933938, 21.550%, 8/18/2028 †x | Upstart | 8/23/2023 | 24613 | 24503 | 24871 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3934219, 19.220%, 8/18/2028 †§x | Upstart | 8/23/2023 | 30988 | 30847 | 31501 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3934304, 21.810%, 8/18/2028 †§x | Upstart | 8/23/2023 | 20502 | 20409 | 20708 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3935797, 30.060%, 9/03/2028 †§x | Upstart | 8/24/2023 | 22276 | 22169 | 22721 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3935859, 16.890%, 8/28/2028 †x◇ | Upstart | 8/24/2023 | 31178 | 31022 | 31128 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3935931, 26.160%, 8/21/2028 †§x | Upstart | 8/24/2023 | 25962 | 25837 | 26474 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3935932, 20.760%, 8/21/2028 †§x# | Upstart | 8/24/2023 | 24794 | 24676 | 25232 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3936500, 28.800%, 1/21/2029 †x# | Upstart | 8/24/2023 | 25857 | 25728 | 26187 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3938183, 17.960%, 8/21/2028 †§x | Upstart | 8/24/2023 | 22321 | 22219 | 22295 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3939307, 27.730%, 8/22/2028 †§x# | Upstart | 8/25/2023 | 26781 | 26654 | 27316 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3941381, 12.720%, 1/23/2029 †x | Upstart | 8/28/2023 | 32147 | 31987 | 32327 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3943214, 24.290%, 8/24/2028 †§x | Upstart | 8/29/2023 | 24780 | 24668 | 25059 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3943588, 16.650%, 8/28/2028 †§x | Upstart | 8/31/2023 | 30057 | 29922 | 29909 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3943938, 28.150%, 8/24/2028 †§x# | Upstart | 8/29/2023 | 34835 | 34665 | 35249 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3944035, 20.190%, 1/25/2029 †x# | Upstart | 8/30/2023 | 36116 | 35938 | 36620 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3944149, 21.290%, 8/25/2028 †§x | Upstart | 8/30/2023 | 25062 | 24949 | 25525 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3944302, 27.030%, 1/25/2029 †x# | Upstart | 8/30/2023 | 25289 | 25162 | 24850 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3944333, 27.880%, 8/25/2028 †§x | Upstart | 8/30/2023 | 30004 | 29868 | 30647 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3944768, 18.450%, 8/25/2028 †x◇ | Upstart | 8/30/2023 | 29976 | 29860 | 30543 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3944999, 19.470%, 1/25/2027 †x | Upstart | 8/30/2023 | 23634 | 23549 | 23506 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3945880, 17.140%, 8/28/2028 †§x# | Upstart | 8/31/2023 | 31066 | 30926 | 30903 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3945923, 21.670%, 8/28/2028 †§x# | Upstart | 8/31/2023 | 32370 | 32223 | 32194 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3946000, 26.630%, 8/28/2028 †§x# | Upstart | 8/31/2023 | 32835 | 32676 | 32989 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3948934, 22.930%, 9/01/2028 †x | Upstart | 9/01/2023 | 32895 | 32738 | 33207 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3948950, 19.440%, 2/01/2029 †x | Upstart | 9/01/2023 | 30478 | 30331 | 30608 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3949210, 28.480%, 9/01/2028 †§x | Upstart | 9/01/2023 | 27572 | 27446 | 27818 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3949387, 28.010%, 9/15/2028 †§x# | Upstart | 9/01/2023 | 24663 | 24544 | 23672 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3986318, 16.940%, 9/22/2028 †§x | Upstart | 9/27/2023 | 30996 | 30856 | 30954 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**246** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3986601, 24.810%, 9/22/2028 †§x# | Upstart | 9/27/2023 | $28411 | $28269 | $28719 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3986652, 24.680%, 9/22/2028 †§x | Upstart | 9/27/2023 | 29542 | 29408 | 30027 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3986770, 24.040%, 2/22/2029 †x | Upstart | 9/27/2023 | 21017 | 20912 | 21242 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3988355, 14.720%, 9/28/2028 †§x# | Upstart | 9/28/2023 | 24253 | 24143 | 24230 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3988737, 26.080%, 9/25/2028 †§x | Upstart | 9/28/2023 | 22761 | 22657 | 23244 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3989794, 22.010%, 9/25/2028 †§x | Upstart | 9/28/2023 | 21285 | 21189 | 21667 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3991829, 22.080%, 2/26/2029 †x# | Upstart | 9/29/2023 | 23889 | 23770 | 24003 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3991852, 25.860%, 9/26/2028 †§x | Upstart | 9/29/2023 | 33518 | 33366 | 34262 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3991898, 27.530%, 9/26/2028 †§x | Upstart | 9/29/2023 | 19646 | 19548 | 20082 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3992410, 16.500%, 9/26/2028 †§x | Upstart | 9/29/2023 | 30878 | 30739 | 30873 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3992633, 24.040%, 9/26/2028 †§x | Upstart | 9/29/2023 | 33583 | 33430 | 34031 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3993263, 22.380%, 9/26/2028 †§x | Upstart | 9/29/2023 | 22395 | 22294 | 22688 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3993992, 23.020%, 9/27/2028 †§x | Upstart | 10/02/2023 | 32443 | 32281 | 32880 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3994055, 10.880%, 9/27/2028 †§x | Upstart | 10/02/2023 | 29190 | 29059 | 29317 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3995445, 23.120%, 9/28/2028 †§x# | Upstart | 10/03/2023 | 28823 | 28692 | 28981 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3995558, 24.640%, 9/28/2028 †x#◇ | Upstart | 10/03/2023 | 31496 | 31379 | 31628 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3995623, 18.130%, 3/12/2029 †x# | Upstart | 10/03/2023 | 35365 | 35191 | 35068 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3995695, 22.060%, 9/28/2028 †§x# | Upstart | 10/03/2023 | 33234 | 33083 | 33414 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3995793, 15.220%, 9/28/2028 †x# | Upstart | 10/03/2023 | 28427 | 28295 | 28270 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3995848, 18.370%, 9/28/2028 †§x# | Upstart | 10/03/2023 | 27597 | 27469 | 27447 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3995883, 24.700%, 9/28/2028 †x | Upstart | 10/03/2023 | 26186 | 26063 | 26311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3996979, 16.080%, 10/04/2028 †§x | Upstart | 10/04/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31926 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3997022, 15.940%, 10/15/2028 †x | Upstart | 10/04/2023 | 22779 | 22668 | 21429 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4009982, 18.640%, 4/18/2029 †x | Upstart | 10/13/2023 | 33056 | 32951 | 32893 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4010730, 21.140%, 10/10/2028 †§x# | Upstart | 10/13/2023 | 25064 | 24945 | 25261 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4012223, 25.540%, 3/25/2029 †x# | Upstart | 10/13/2023 | 30220 | 30068 | 29347 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4012224, 22.830%, 10/10/2028 †§x | Upstart | 10/13/2023 | 33475 | 33323 | 33316 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4012660, 17.770%, 3/10/2029 †x | Upstart | 10/13/2023 | 35992 | 35814 | 33626 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4012778, 11.580%, 10/10/2028 †§x | Upstart | 10/13/2023 | 30224 | 30088 | 30347 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4015626, 22.830%, 10/11/2028 †§x | Upstart | 10/16/2023 | 20054 | 19963 | 20227 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4015893, 29.090%, 6/26/2029 †x# | Upstart | 10/16/2023 | 36061 | 35880 | 34736 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4015920, 14.890%, 10/11/2028 †x◇ | Upstart | 10/16/2023 | 31397 | 31273 | 29695 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4015971, 16.660%, 10/11/2028 †§x | Upstart | 10/16/2023 | 31717 | 31574 | 31594 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4016152, 20.560%, 10/11/2028 †x#◇ | Upstart | 10/16/2023 | 32552 | 32423 | 32423 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4027566, 30.070%, 3/18/2029 †x# | Upstart | 10/23/2023 | 20036 | 19938 | 20326 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4028736, 14.590%, 10/19/2028 †§x | Upstart | 10/24/2023 | 30631 | 30491 | 30578 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4029566, 16.210%, 10/19/2028 †§x | Upstart | 10/24/2023 | 31173 | 31032 | 31115 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4030972, 20.980%, 10/20/2028 †x◇ | Upstart | 10/25/2023 | 32954 | 32823 | 32874 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4037423, 20.350%, 10/25/2028 †§x | Upstart | 10/30/2023 | 19925 | 19835 | 20196 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4037574, 25.380%, 3/25/2029 †x# | Upstart | 10/30/2023 | 31684 | 31528 | 31565 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4037755, 25.960%, 10/25/2028 †§x# | Upstart | 10/30/2023 | 25397 | 25277 | 25901 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4037805, 27.230%, 3/25/2029 †x# | Upstart | 10/30/2023 | 27322 | 27185 | 26726 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4037907, 16.610%, 10/25/2028 †§x | Upstart | 10/30/2023 | 27267 | 27143 | 27241 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4038507, 29.140%, 3/25/2029 †x | Upstart | 10/30/2023 | 21759 | 21650 | 22082 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4038915, 18.240%, 10/25/2028 †§x | Upstart | 10/30/2023 | 28628 | 28498 | 28605 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4038988, 25.030%, 10/25/2028 †§x | Upstart | 10/30/2023 | 34072 | 33917 | 34783 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4039267, 21.000%, 3/27/2029 †x | Upstart | 11/01/2023 | 40318 | 40123 | 39874 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4039326, 29.170%, 10/26/2028 †x#◇ | Upstart | 10/31/2023 | 20329 | 20246 | 20785 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4039398, 23.560%, 10/26/2028 †§x | Upstart | 10/31/2023 | 26104 | 25985 | 26435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4039632, 20.340%, 10/26/2028 †x | Upstart | 10/31/2023 | 26218 | 26099 | 26723 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4040183, 23.970%, 10/26/2028 †§x | Upstart | 10/31/2023 | 33784 | 33630 | 34241 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4040518, 16.680%, 10/26/2028 †§x | Upstart | 10/31/2023 | 26012 | 25894 | 26004 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4040623, 14.110%, 10/27/2028 †§x# | Upstart | 11/01/2023 | 20058 | 19966 | 20121 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4040756, 24.410%, 10/27/2028 †§x | Upstart | 11/01/2023 | 33681 | 33528 | 34310 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4040862, 21.330%, 10/27/2028 †§x | Upstart | 11/01/2023 | 33065 | 32914 | 33369 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4041884, 27.550%, 10/27/2028 †§x | Upstart | 11/01/2023 | 27582 | 27457 | 27945 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**247** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4041992, 21.070%, 11/01/2028 †§x | Upstart | 11/02/2023 | $22943 | $22834 | $23160 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4042243, 18.010%, 4/01/2029 †x | Upstart | 11/02/2023 | 21614 | 21510 | 21389 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4042248, 22.410%, 11/01/2028 †§x | Upstart | 11/02/2023 | 23928 | 23819 | 24119 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4042314, 16.410%, 11/01/2028 †§x# | Upstart | 11/02/2023 | 32498 | 32349 | 32284 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4042427, 28.330%, 11/01/2028 †§x | Upstart | 11/02/2023 | 20253 | 20159 | 20445 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4043088, 13.880%, 11/01/2028 †§x | Upstart | 11/02/2023 | 31733 | 31589 | 31527 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4045345, 17.330%, 11/10/2028 †§x | Upstart | 11/03/2023 | 32838 | 32684 | 32554 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4046052, 27.300%, 4/01/2029 †x | Upstart | 11/03/2023 | 35094 | 35047 | 35071 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4068750, 23.350%, 11/28/2028 †x#◇ | Upstart | 12/01/2023 | 20476 | 20476 | 20588 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4083061, 18.960%, 4/27/2029 †x | Upstart | 11/30/2023 | 36840 | 36840 | 36316 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4085119, 14.660%, 11/24/2028 †§x | Upstart | 11/29/2023 | 31753 | 31753 | 31654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4085227, 28.630%, 4/24/2029 †x | Upstart | 11/29/2023 | 22780 | 22780 | 23135 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4085472, 18.920%, 11/24/2028 †§x | Upstart | 11/29/2023 | 29269 | 29269 | 29672 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4085506, 14.870%, 11/24/2028 †x#◇ | Upstart | 11/29/2023 | 31804 | 31804 | 31705 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4085511, 25.640%, 11/24/2028 †§x | Upstart | 11/29/2023 | 29282 | 29282 | 29638 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4085518, 24.600%, 11/27/2028 †§x | Upstart | 11/30/2023 | 20424 | 20424 | 21063 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4085965, 22.610%, 10/11/2029 †x# | Upstart | 11/30/2023 | 25339 | 25339 | 25423 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4086268, 25.680%, 4/27/2029 †x# | Upstart | 11/30/2023 | 46529 | 46529 | 44330 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4086408, 27.560%, 11/27/2028 †§x | Upstart | 11/30/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20338 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4086421, 24.740%, 11/27/2028 †§x | Upstart | 11/30/2023 | 34365 | 34365 | 34826 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4086533, 24.850%, 11/27/2028 †x◇ | Upstart | 11/30/2023 | 34733 | 34733 | 35203 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4088116, 22.830%, 11/27/2028 †x#◇ | Upstart | 11/30/2023 | 20952 | 20952 | 21064 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4089482, 20.740%, 11/28/2028 †§x# | Upstart | 12/01/2023 | 27492 | 27492 | 27650 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4089524, 22.880%, 11/28/2028 †§x# | Upstart | 12/01/2023 | 34935 | 34935 | 35645 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4089528, 22.520%, 11/28/2028 †x# | Upstart | 12/01/2023 | 34856 | 34856 | 35032 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4089531, 24.170%, 11/28/2028 †x# | Upstart | 12/01/2023 | 23562 | 23562 | 23689 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4090163, 21.360%, 11/28/2028 †x# | Upstart | 12/01/2023 | 27350 | 27350 | 27506 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4092462, 21.800%, 12/01/2028 †x◇ | Upstart | 12/04/2023 | 34774 | 34774 | 34936 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4093327, 27.580%, 12/01/2028 †§x# | Upstart | 12/05/2023 | 21751 | 21751 | 22102 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4093512, 16.390%, 12/01/2028 †§x | Upstart | 12/05/2023 | 28383 | 28383 | 28068 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4094468, 24.880%, 12/12/2028 †§x | Upstart | 12/05/2023 | 32883 | 32883 | 31678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4110274, 24.430%, 5/11/2029 †x# | Upstart | 12/14/2023 | 28922 | 28922 | 28639 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4114007, 11.670%, 5/12/2029 †x# | Upstart | 12/15/2023 | 34186 | 34186 | 32566 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4115137, 20.590%, 12/12/2028 †x | Upstart | 12/15/2023 | 34354 | 34354 | 34531 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4116726, 19.670%, 5/13/2029 †x | Upstart | 12/18/2023 | 21156 | 21156 | 21177 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4118362, 16.240%, 12/14/2028 †§x | Upstart | 12/19/2023 | 33176 | 33176 | 32905 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4120361, 22.870%, 12/15/2028 †x◇ | Upstart | 12/20/2023 | 28048 | 28048 | 28215 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4120668, 23.650%, 5/15/2029 †x | Upstart | 12/20/2023 | 29448 | 29448 | 29569 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4121154, 15.050%, 12/15/2028 †§x# | Upstart | 12/20/2023 | 27062 | 27062 | 26868 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4125602, 13.700%, 12/19/2028 †§x | Upstart | 12/22/2023 | 30330 | 30330 | 30138 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4128499, 26.170%, 12/20/2028 †§x# | Upstart | 12/26/2023 | 22096 | 22096 | 21433 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4130113, 26.630%, 12/21/2028 †§x# | Upstart | 12/27/2023 | 23460 | 23460 | 24081 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4132542, 23.140%, 12/22/2028 †§x | Upstart | 12/28/2023 | 32631 | 32631 | 32938 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4132769, 22.960%, 12/22/2028 †§x | Upstart | 12/28/2023 | 31783 | 31783 | 32038 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4132779, 19.270%, 12/26/2028 †x | Upstart | 12/29/2023 | 20329 | 20329 | 20556 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4132830, 17.130%, 12/26/2028 †§x# | Upstart | 12/29/2023 | 20656 | 20656 | 20425 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4132858, 26.180%, 12/26/2028 †§x | Upstart | 12/29/2023 | 25080 | 25080 | 25336 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4133146, 19.420%, 7/11/2029 †x# | Upstart | 12/29/2023 | 35886 | 35886 | 35310 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4133233, 19.020%, 12/28/2028 †§x# | Upstart | 12/29/2023 | 23372 | 23372 | 23638 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4133240, 20.680%, 12/26/2028 †x# | Upstart | 12/29/2023 | 21427 | 21427 | 21654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4133512, 21.340%, 12/26/2028 †§x | Upstart | 12/29/2023 | 29423 | 29423 | 29661 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4133534, 25.150%, 12/26/2028 †§x | Upstart | 12/29/2023 | 32010 | 32010 | 32341 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4133545, 20.750%, 12/26/2028 †§x | Upstart | 12/29/2023 | 27422 | 27422 | 27728 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4133628, 22.880%, 12/26/2028 †§x# | Upstart | 12/29/2023 | 21439 | 21439 | 21790 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4134965, 15.610%, 12/26/2028 †§x | Upstart | 12/29/2023 | 32994 | 32994 | 32828 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4136456, 21.910%, 12/27/2028 †§x# | Upstart | 1/02/2024 | 20065 | 20065 | 20193 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**248** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4136704, 24.740%, 12/27/2028 †§x | Upstart | 1/02/2024 | $23972 | $23972 | $24363 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4136707, 27.310%, 12/27/2028 †x◇ | Upstart | 1/02/2024 | 23004 | 23004 | 23708 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4137197, 25.560%, 12/27/2028 †§x | Upstart | 1/02/2024 | 21370 | 21370 | 21597 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4137208, 14.490%, 12/27/2028 †§x | Upstart | 1/02/2024 | 32657 | 32657 | 32290 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4137384, 24.020%, 12/27/2028 †§x | Upstart | 1/02/2024 | 35275 | 35275 | 35289 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4139268, 13.640%, 12/28/2028 †x# | Upstart | 1/03/2024 | 33186 | 33186 | 32812 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4147787, 16.150%, 1/04/2029 †§x | Upstart | 1/09/2024 | 24389 | 24389 | 24345 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4155564, 24.970%, 1/09/2029 †§x | Upstart | 1/12/2024 | 36198 | 36198 | 36691 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4156171, 27.270%, 6/09/2029 †x# | Upstart | 1/12/2024 | 30888 | 30888 | 31931 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4156255, 21.430%, 1/09/2029 †§x | Upstart | 1/12/2024 | 33721 | 33721 | 34382 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4157271, 22.370%, 1/10/2029 †§x | Upstart | 1/16/2024 | 20115 | 20115 | 20506 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4157516, 19.800%, 1/10/2029 †x◇ | Upstart | 1/16/2024 | 21261 | 21261 | 21566 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4158054, 17.960%, 1/10/2029 †§x | Upstart | 1/16/2024 | 23475 | 23475 | 23456 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4158994, 12.930%, 1/10/2029 †x◇ | Upstart | 1/16/2024 | 32972 | 32972 | 33264 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4161059, 14.480%, 1/12/2029 †§x | Upstart | 1/18/2024 | 33396 | 33396 | 33688 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4162194, 18.340%, 1/16/2029 †§x | Upstart | 1/19/2024 | 34468 | 34468 | 35015 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4162562, 27.250%, 1/16/2029 †§x | Upstart | 1/19/2024 | 36901 | 36901 | 38475 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4164023, 30.030%, 1/16/2029 †§x | Upstart | 1/19/2024 | 35929 | 35929 | 37543 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4169359, 10.930%, 1/18/2029 †x◇ | Upstart | 1/23/2024 | 32368 | 32368 | 32909 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4169580, 23.280%, 1/25/2029 †x# | Upstart | 1/23/2024 | 20477 | 20477 | 20901 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4169879, 28.130%, 1/18/2029 †§x | Upstart | 1/23/2024 | 19677 | 19677 | 20599 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4171062, 29.190%, 1/19/2029 †§x# | Upstart | 1/24/2024 | 35685 | 35685 | 35102 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4171471, 22.780%, 1/19/2029 †§x | Upstart | 1/24/2024 | 20893 | 20893 | 21857 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4172809, 11.720%, 1/22/2029 †x◇ | Upstart | 1/25/2024 | 20921 | 20921 | 21137 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4173848, 21.340%, 1/22/2029 †x | Upstart | 1/25/2024 | 35001 | 35001 | 35860 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4174075, 14.200%, 1/22/2029 †§x | Upstart | 1/25/2024 | 21665 | 21665 | 21869 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4174366, 26.600%, 1/22/2029 †§x | Upstart | 1/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31893 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4174512, 15.720%, 1/22/2029 †§x | Upstart | 1/25/2024 | 23630 | 23630 | 23660 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4174561, 25.650%, 1/22/2029 †x# | Upstart | 1/25/2024 | 31895 | 31895 | 33442 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4175639, 25.130%, 1/22/2029 †x | Upstart | 1/25/2024 | 24510 | 24510 | 25703 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4177167, 25.510%, 1/23/2029 †§x | Upstart | 1/26/2024 | 25440 | 25440 | 26598 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4177873, 22.720%, 1/23/2029 †§x# | Upstart | 1/26/2024 | 36702 | 36702 | 38297 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4177933, 29.160%, 1/23/2029 †§x# | Upstart | 1/26/2024 | 20683 | 20683 | 21643 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4178391, 17.500%, 1/24/2029 †§x | Upstart | 1/29/2024 | 23151 | 23151 | 23185 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4178833, 25.230%, 6/24/2029 †x# | Upstart | 1/29/2024 | 31001 | 31001 | 32360 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4179290, 19.740%, 1/24/2029 †x#◇ | Upstart | 1/29/2024 | 30844 | 30844 | 31288 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4179313, 27.170%, 1/25/2029 †x◇ | Upstart | 1/29/2024 | 19669 | 19669 | 20567 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4179349, 20.570%, 1/24/2029 †§x# | Upstart | 1/29/2024 | 28228 | 28228 | 28711 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4179707, 30.010%, 1/24/2029 †§x | Upstart | 1/29/2024 | 21476 | 21476 | 22499 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180290, 27.440%, 1/25/2029 †§x | Upstart | 1/30/2024 | 35970 | 35970 | 37722 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180330, 16.890%, 1/25/2029 †x# | Upstart | 1/30/2024 | 34829 | 34829 | 34889 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180526, 18.880%, 1/25/2029 †§x | Upstart | 1/30/2024 | 20772 | 20772 | 21102 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180533, 23.130%, 1/25/2029 †x◇ | Upstart | 1/30/2024 | 28305 | 28305 | 28974 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180612, 27.040%, 1/25/2029 †x | Upstart | 1/30/2024 | 35706 | 35706 | 37409 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180641, 28.220%, 1/25/2029 †§x | Upstart | 1/30/2024 | 29605 | 29605 | 31077 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180764, 15.090%, 1/25/2029 †§x | Upstart | 1/30/2024 | 27535 | 27535 | 27585 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4180866, 16.460%, 2/01/2029 †§x# | Upstart | 2/02/2024 | 27798 | 27798 | 27674 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181008, 19.830%, 1/25/2029 †§x | Upstart | 1/30/2024 | 33472 | 33472 | 33565 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181126, 20.210%, 1/25/2029 †§x | Upstart | 1/30/2024 | 27207 | 27207 | 27249 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181257, 12.280%, 1/25/2029 †x | Upstart | 1/30/2024 | 25868 | 25868 | 26142 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181399, 28.090%, 1/25/2029 †§x | Upstart | 1/30/2024 | 36846 | 36846 | 37751 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181402, 20.160%, 1/25/2029 †x | Upstart | 1/30/2024 | 34908 | 34908 | 35527 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181479, 13.590%, 1/25/2029 †x | Upstart | 1/30/2024 | 33164 | 33164 | 33227 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181484, 16.880%, 2/01/2029 †§x | Upstart | 2/05/2024 | 34836 | 34836 | 34731 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181510, 21.600%, 1/26/2029 †§x | Upstart | 1/31/2024 | 26857 | 26857 | 27337 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181569, 21.420%, 1/26/2029 †§x | Upstart | 1/31/2024 | 21172 | 21172 | 21551 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**249** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181614, 28.810%, 1/26/2029 †§x# | Upstart | 1/31/2024 | $36878 | $36878 | $38137 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181696, 29.840%, 6/26/2029 †x | Upstart | 1/31/2024 | 23680 | 23680 | 24213 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4181986, 22.510%, 6/26/2029 †x# | Upstart | 1/31/2024 | 20783 | 20783 | 20694 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182022, 27.050%, 7/26/2029 †x# | Upstart | 1/31/2024 | 32173 | 32173 | 32548 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182120, 16.510%, 11/26/2029 †x | Upstart | 1/31/2024 | 36419 | 36419 | 36621 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182126, 18.400%, 1/27/2029 †§x | Upstart | 1/31/2024 | 33330 | 33330 | 33636 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182300, 25.890%, 6/26/2029 †x | Upstart | 1/31/2024 | 39762 | 39762 | 40459 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182348, 29.040%, 1/26/2029 †§x# | Upstart | 1/31/2024 | 28073 | 28073 | 29035 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182592, 20.530%, 1/26/2027 †§x | Upstart | 1/31/2024 | 20039 | 20039 | 20052 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182724, 14.350%, 1/26/2029 †§x | Upstart | 1/31/2024 | 33370 | 33370 | 33478 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182735, 15.100%, 2/01/2029 †x# | Upstart | 1/31/2024 | 34427 | 34427 | 34323 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182762, 23.650%, 1/26/2029 †§x# | Upstart | 1/31/2024 | 23391 | 23391 | 23779 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4182794, 27.960%, 1/26/2029 †§x | Upstart | 1/31/2024 | 32121 | 32121 | 33695 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4183150, 24.090%, 2/02/2029 †§x | Upstart | 2/01/2024 | 36787 | 36787 | 37303 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4183175, 25.570%, 2/07/2029 †§x | Upstart | 2/01/2024 | 33731 | 33731 | 34206 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4183207, 20.780%, 2/01/2029 †§x | Upstart | 2/01/2024 | 22215 | 22215 | 22533 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4183232, 18.560%, 2/01/2029 †§x | Upstart | 2/01/2024 | 35358 | 35358 | 35612 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4183440, 30.280%, 2/01/2029 †§x | Upstart | 2/01/2024 | 34510 | 34510 | 35541 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4183471, 17.600%, 2/01/2029 †x◇ | Upstart | 2/01/2024 | 31726 | 31726 | 32690 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4183474, 16.610%, 2/01/2029 †§x# | Upstart | 2/01/2024 | 33951 | 33951 | 33881 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184028, 29.180%, 2/01/2029 †§x | Upstart | 2/01/2024 | 21379 | 21379 | 22173 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184087, 19.560%, 2/01/2029 †§x | Upstart | 2/01/2024 | 35623 | 35623 | 35877 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184118, 19.800%, 2/01/2029 †§x | Upstart | 2/01/2024 | 25831 | 25831 | 26068 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184265, 18.630%, 2/09/2029 †x# | Upstart | 2/01/2024 | 20531 | 20531 | 20443 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184268, 20.680%, 2/01/2029 †§x | Upstart | 2/01/2024 | 25148 | 25148 | 25327 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184286, 26.650%, 2/01/2029 †§x# | Upstart | 2/01/2024 | 34230 | 34230 | 35253 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184343, 21.680%, 7/01/2027 †x# | Upstart | 2/01/2024 | 26962 | 26962 | 26820 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184468, 12.380%, 2/01/2029 †§x | Upstart | 2/01/2024 | 20186 | 20186 | 20329 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4184618, 22.720%, 2/01/2029 †§x | Upstart | 2/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36977 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4185389, 25.420%, 2/01/2029 †§x | Upstart | 2/01/2024 | 37154 | 37154 | 38275 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4185523, 24.670%, 2/16/2029 †x | Upstart | 2/01/2024 | 34508 | 34508 | 35574 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4185541, 29.110%, 7/01/2029 †x | Upstart | 2/01/2024 | 19702 | 19702 | 20338 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186340, 28.890%, 2/01/2029 †§x | Upstart | 2/02/2024 | 31568 | 31568 | 31985 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186378, 24.240%, 2/01/2029 †§x | Upstart | 2/02/2024 | 27448 | 27448 | 28271 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186515, 16.660%, 2/01/2029 †§x | Upstart | 2/02/2024 | 21073 | 21073 | 21227 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186584, 16.510%, 2/01/2029 †x# | Upstart | 2/02/2024 | 34851 | 34851 | 34696 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186609, 14.500%, 2/01/2029 †x◇ | Upstart | 2/02/2024 | 23950 | 23950 | 23843 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186881, 29.120%, 2/01/2029 †§x | Upstart | 2/02/2024 | 23079 | 23079 | 23761 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186925, 13.210%, 2/01/2029 †§x | Upstart | 2/02/2024 | 27455 | 27455 | 27649 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4186928, 24.760%, 2/16/2029 †§x | Upstart | 2/02/2024 | 20076 | 20076 | 20689 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187180, 28.860%, 2/01/2029 †§x | Upstart | 2/02/2024 | 22181 | 22181 | 22912 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187192, 26.770%, 7/16/2029 †x# | Upstart | 2/02/2024 | 45017 | 45017 | 41317 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187442, 21.890%, 2/01/2029 †§x | Upstart | 2/02/2024 | 20576 | 20576 | 20719 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187512, 30.370%, 2/01/2029 †§x | Upstart | 2/02/2024 | 26808 | 26808 | 27599 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187779, 25.370%, 2/01/2029 †§x | Upstart | 2/02/2024 | 25242 | 25242 | 25413 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187885, 22.030%, 7/16/2029 †x | Upstart | 2/02/2024 | 27526 | 27526 | 27913 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187888, 17.450%, 2/01/2029 †§x | Upstart | 2/02/2024 | 24516 | 24516 | 24406 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4187917, 27.700%, 2/01/2029 †x | Upstart | 2/02/2024 | 26413 | 26413 | 27292 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4188579, 22.330%, 2/16/2029 †§x | Upstart | 2/05/2024 | 36595 | 36595 | 37710 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4188667, 23.590%, 2/01/2029 †§x | Upstart | 2/05/2024 | 36585 | 36585 | 36995 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4188678, 25.880%, 2/01/2029 †§x | Upstart | 2/05/2024 | 30442 | 30442 | 31376 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4188752, 22.630%, 2/01/2029 †§x | Upstart | 2/05/2024 | 30450 | 30450 | 30794 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4188859, 29.150%, 7/01/2029 †x# | Upstart | 2/05/2024 | 24037 | 24037 | 23494 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4189325, 24.470%, 2/01/2029 †§x | Upstart | 2/05/2024 | 33493 | 33493 | 33875 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4212943, 23.000%, 2/20/2029 †§x | Upstart | 2/23/2024 | 20594 | 20594 | 21533 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213159, 29.760%, 2/20/2029 †§x | Upstart | 2/23/2024 | 22997 | 22997 | 23944 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**250** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213255, 29.090%, 7/20/2029 †x# | Upstart | 2/23/2024 | $34688 | $34688 | $35317 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213311, 25.900%, 2/20/2029 †x# | Upstart | 2/23/2024 | 20017 | 20017 | 20876 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213322, 23.690%, 2/20/2029 †§x | Upstart | 2/23/2024 | 36450 | 36450 | 38101 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213333, 18.050%, 2/20/2029 †§x | Upstart | 2/23/2024 | 35117 | 35117 | 35677 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213421, 29.700%, 7/20/2029 †x# | Upstart | 2/23/2024 | 29616 | 29616 | 30320 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213431, 20.080%, 1/20/2030 †x# | Upstart | 2/23/2024 | 43132 | 43132 | 42643 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213497, 18.320%, 2/20/2029 †§x | Upstart | 2/23/2024 | 21260 | 21260 | 20267 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213518, 24.440%, 2/20/2029 †x | Upstart | 2/23/2024 | 24692 | 24692 | 25813 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213536, 18.740%, 2/20/2029 †§x | Upstart | 2/23/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22645 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213577, 21.790%, 2/20/2029 †x | Upstart | 2/23/2024 | 22068 | 22068 | 22929 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213629, 30.060%, 2/20/2029 †§x | Upstart | 2/23/2024 | 19940 | 19940 | 20828 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213673, 26.200%, 7/20/2029 †x# | Upstart | 2/23/2024 | 21296 | 21296 | 21937 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213686, 19.860%, 2/23/2029 †§x | Upstart | 2/23/2024 | 23985 | 23985 | 24340 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213743, 21.920%, 2/20/2029 †§x | Upstart | 2/23/2024 | 21671 | 21671 | 22114 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213772, 24.940%, 2/20/2029 †§x | Upstart | 2/23/2024 | 29502 | 29502 | 30841 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213894, 27.810%, 2/20/2029 †x◇ | Upstart | 2/23/2024 | 19228 | 19228 | 20092 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4213981, 20.930%, 2/20/2029 †§x | Upstart | 2/23/2024 | 28691 | 28691 | 29281 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4214569, 28.970%, 3/05/2029 †§x# | Upstart | 2/23/2024 | 28301 | 28301 | 29249 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4214783, 20.220%, 2/20/2029 †x | Upstart | 2/23/2024 | 35683 | 35683 | 36245 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4216596, 14.910%, 2/20/2029 †x | Upstart | 2/23/2024 | 34277 | 34277 | 34374 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4217221, 25.400%, 2/20/2029 †x◇ | Upstart | 2/23/2024 | 36631 | 36631 | 38266 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4217678, 18.200%, 2/21/2029 †§x | Upstart | 2/26/2024 | 35303 | 35303 | 35353 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4217736, 22.870%, 2/21/2029 †§x# | Upstart | 2/26/2024 | 22237 | 22237 | 22656 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4217813, 26.530%, 2/21/2029 †x◇ | Upstart | 2/26/2024 | 31016 | 31016 | 32424 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4218094, 16.250%, 2/21/2029 †§x | Upstart | 2/26/2024 | 34767 | 34767 | 34823 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4218477, 29.420%, 2/21/2029 †§x | Upstart | 2/26/2024 | 23757 | 23757 | 24812 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4219460, 29.340%, 2/22/2029 †§x# | Upstart | 2/27/2024 | 28418 | 28418 | 29521 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4220285, 29.560%, 2/22/2029 †§x | Upstart | 2/27/2024 | 34689 | 34689 | 36143 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4220511, 14.210%, 2/22/2029 †§x# | Upstart | 2/27/2024 | 34020 | 34020 | 34131 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4220539, 13.250%, 2/22/2029 †x | Upstart | 2/27/2024 | 22865 | 22865 | 23084 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4220584, 16.960%, 2/23/2029 †§x | Upstart | 2/28/2024 | 34826 | 34826 | 34937 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4220706, 15.580%, 2/23/2029 †§x | Upstart | 2/28/2024 | 32714 | 32714 | 32805 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4221190, 21.910%, 7/23/2029 †x# | Upstart | 2/28/2024 | 37402 | 37402 | 38059 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4221231, 19.710%, 2/23/2029 †§x# | Upstart | 2/28/2024 | 36419 | 36419 | 36867 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4221455, 16.300%, 2/23/2029 †§x# | Upstart | 2/28/2024 | 32520 | 32520 | 32602 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4221484, 29.300%, 2/23/2029 †§x | Upstart | 2/28/2024 | 23219 | 23219 | 24234 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4221786, 11.870%, 2/23/2029 †x#◇ | Upstart | 2/28/2024 | 33042 | 33042 | 33366 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4221840, 14.210%, 2/23/2029 †§x# | Upstart | 2/28/2024 | 34911 | 34911 | 34935 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225088, 21.320%, 2/27/2029 †§x | Upstart | 3/01/2024 | 35968 | 35968 | 36595 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225181, 23.900%, 2/27/2029 †§x | Upstart | 3/01/2024 | 30202 | 30202 | 31135 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225337, 30.060%, 2/27/2029 †§x | Upstart | 3/01/2024 | 21114 | 21114 | 22093 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225376, 16.200%, 2/27/2029 †§x | Upstart | 3/01/2024 | 34128 | 34128 | 34259 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225647, 24.730%, 2/27/2029 †§x | Upstart | 3/01/2024 | 23493 | 23493 | 24621 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225693, 21.650%, 3/14/2029 †x# | Upstart | 3/01/2024 | 37147 | 37147 | 37605 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225772, 28.480%, 2/27/2029 †§x | Upstart | 3/01/2024 | 22073 | 22073 | 23141 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225778, 19.930%, 2/27/2029 †§x# | Upstart | 3/01/2024 | 32967 | 32967 | 33054 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4225963, 23.670%, 2/27/2029 †§x# | Upstart | 3/01/2024 | 34457 | 34457 | 35154 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4226064, 27.700%, 2/27/2029 †§x | Upstart | 3/01/2024 | 20117 | 20117 | 21093 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4226125, 24.340%, 2/27/2029 †§x | Upstart | 3/01/2024 | 20564 | 20564 | 21575 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4226243, 27.870%, 12/27/2029 †x# | Upstart | 3/01/2024 | 20545 | 20545 | 21541 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4226317, 29.150%, 2/27/2029 †§x | Upstart | 3/01/2024 | 26282 | 26282 | 27550 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4226822, 14.620%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 34945 | 34945 | 34903 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4226889, 24.010%, 2/28/2029 †§x | Upstart | 3/04/2024 | 26486 | 26486 | 26802 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4226942, 23.990%, 2/28/2029 †§x | Upstart | 3/04/2024 | 32741 | 32741 | 33823 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227098, 28.100%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 38272 | 38272 | 39592 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227366, 21.570%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 36724 | 36724 | 38011 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**251** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227389, 19.590%, 2/28/2029 †§x# | Upstart | 3/04/2024 | $22868 | $22868 | $23184 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227454, 26.180%, 2/28/2029 †x#◇ | Upstart | 3/04/2024 | 21865 | 21865 | 22164 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227489, 21.020%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 20561 | 20561 | 20769 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227523, 17.380%, 2/28/2027 †§x# | Upstart | 3/04/2024 | 21065 | 21065 | 20946 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227579, 18.490%, 2/28/2029 †x# | Upstart | 3/04/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30874 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227698, 15.110%, 2/28/2029 †§x | Upstart | 3/04/2024 | 25242 | 25242 | 25206 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227711, 25.140%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 37589 | 37589 | 38896 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227716, 24.020%, 2/28/2029 †§x | Upstart | 3/04/2024 | 21237 | 21237 | 21903 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227985, 18.190%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 32431 | 32431 | 32388 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4227993, 12.280%, 3/03/2029 †§x# | Upstart | 3/04/2024 | 25571 | 25571 | 25688 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228301, 27.540%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 26443 | 26443 | 27317 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228323, 18.750%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 28815 | 28815 | 29110 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228382, 14.210%, 3/01/2029 †§x | Upstart | 3/05/2024 | 34137 | 34137 | 34000 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228397, 20.560%, 3/01/2029 †x | Upstart | 3/05/2024 | 24439 | 24439 | 24683 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228483, 26.750%, 3/01/2029 †§x | Upstart | 3/05/2024 | 38123 | 38123 | 39120 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228521, 29.010%, 3/01/2029 †§x# | Upstart | 3/05/2024 | 30782 | 30782 | 31830 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228577, 28.040%, 3/01/2029 †§x | Upstart | 3/05/2024 | 25681 | 25681 | 26557 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4228960, 23.730%, 3/01/2029 †§x | Upstart | 3/05/2024 | 31868 | 31868 | 32180 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229070, 18.940%, 3/16/2029 †x | Upstart | 3/05/2024 | 21126 | 21126 | 21040 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229118, 25.300%, 3/01/2029 †x◇ | Upstart | 3/05/2024 | 25990 | 25990 | 26672 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229128, 23.070%, 3/01/2029 †§x | Upstart | 3/05/2024 | 21150 | 21150 | 21361 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229139, 15.050%, 8/01/2029 †x | Upstart | 3/05/2024 | 35167 | 35167 | 35024 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229146, 13.460%, 3/01/2029 †§x | Upstart | 3/05/2024 | 34703 | 34703 | 34564 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229217, 14.890%, 3/01/2029 †x | Upstart | 3/05/2024 | 29920 | 29920 | 29834 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229259, 29.190%, 3/01/2029 †§x | Upstart | 3/05/2024 | 31120 | 31120 | 31928 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4229306, 21.440%, 3/01/2029 †x# | Upstart | 3/05/2024 | 21499 | 21499 | 21795 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4240546, 14.800%, 3/12/2029 †§x | Upstart | 3/13/2024 | 20305 | 20305 | 20301 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4240871, 28.730%, 3/08/2029 †§x | Upstart | 3/13/2024 | 23194 | 23194 | 23958 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4240878, 29.750%, 3/08/2029 †x | Upstart | 3/13/2024 | 28918 | 28918 | 29866 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4240969, 23.770%, 3/08/2029 †§x | Upstart | 3/13/2024 | 33612 | 33612 | 34069 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241074, 29.440%, 3/08/2029 †§x | Upstart | 3/13/2024 | 25234 | 25234 | 26063 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241484, 27.450%, 3/08/2029 †§x | Upstart | 3/13/2024 | 33796 | 33796 | 34913 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241489, 14.320%, 6/08/2029 †x | Upstart | 3/13/2024 | 37080 | 37080 | 36916 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241705, 27.880%, 3/11/2029 †§x | Upstart | 3/14/2024 | 28958 | 28958 | 29949 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241710, 19.550%, 3/11/2029 †x | Upstart | 3/14/2024 | 29795 | 29795 | 30240 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241730, 20.240%, 3/11/2029 †§x | Upstart | 3/14/2024 | 36463 | 36463 | 36825 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241734, 26.370%, 3/11/2029 †x | Upstart | 3/14/2024 | 19489 | 19489 | 20234 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241770, 27.840%, 3/11/2029 †§x | Upstart | 3/14/2024 | 27829 | 27829 | 28798 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4241828, 29.170%, 3/11/2029 †§x | Upstart | 3/14/2024 | 26038 | 26038 | 26925 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4242128, 11.440%, 3/11/2029 †x | Upstart | 3/14/2024 | 34123 | 34123 | 34580 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4242614, 30.060%, 4/13/2029 †§x# | Upstart | 3/14/2024 | 22029 | 22029 | 22706 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4243320, 18.380%, 3/11/2029 †§x | Upstart | 3/14/2024 | 30228 | 30228 | 30187 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4243822, 14.940%, 3/11/2029 †§x | Upstart | 3/14/2024 | 35074 | 35074 | 35036 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4244934, 25.110%, 3/12/2029 †§x | Upstart | 3/15/2024 | 37981 | 37981 | 39335 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4245026, 19.110%, 3/12/2029 †§x | Upstart | 3/15/2024 | 36179 | 36179 | 36551 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4246275, 24.530%, 8/12/2029 †x# | Upstart | 3/15/2024 | 24935 | 24935 | 24963 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4246690, 12.680%, 3/13/2029 †x | Upstart | 3/18/2024 | 32740 | 32740 | 33002 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4246709, 28.930%, 3/17/2029 †§x | Upstart | 3/18/2024 | 27417 | 27417 | 28385 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4273930, 16.640%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 36242 | 36242 | 36080 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4274005, 26.180%, 10/16/2029 †x# | Upstart | 4/04/2024 | 43782 | 43782 | 42992 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4274405, 29.030%, 9/01/2029 †x | Upstart | 4/04/2024 | 43785 | 43785 | 43016 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4276227, 17.500%, 4/01/2029 †x#◇ | Upstart | 4/04/2024 | 36342 | 36342 | 36641 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4278197, 23.370%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 34266 | 34266 | 35195 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4278831, 24.670%, 9/02/2029 †x | Upstart | 4/05/2024 | 20244 | 20244 | 20502 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4279643, 28.890%, 9/10/2029 †x# | Upstart | 4/05/2024 | 24584 | 24584 | 23555 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4279930, 18.000%, 9/03/2029 †x# | Upstart | 4/08/2024 | 38210 | 38210 | 37911 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**252** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4279998, 27.320%, 4/03/2029 †x◇ | Upstart | 4/08/2024 | $33135 | $33135 | $34134 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4280135, 26.400%, 4/18/2029 †x◇ | Upstart | 4/08/2024 | 38898 | 38898 | 39982 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4280753, 17.010%, 4/03/2029 †x◇ | Upstart | 4/08/2024 | 36341 | 36341 | 36190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4281377, 22.180%, 4/03/2029 †x#◇ | Upstart | 4/08/2024 | 35621 | 35621 | 36081 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4281577, 25.530%, 4/03/2029 †x◇ | Upstart | 4/08/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21189 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4281615, 23.720%, 4/03/2029 †x◇ | Upstart | 4/08/2024 | 30698 | 30698 | 30867 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4281840, 26.430%, 4/03/2029 †x#◇ | Upstart | 4/08/2024 | 38578 | 38578 | 39816 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4282118, 19.680%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 36935 | 36935 | 37257 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4282228, 20.610%, 4/19/2029 †x# | Upstart | 4/09/2024 | 26533 | 26533 | 24997 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4282288, 22.020%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 33335 | 33335 | 33770 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4282906, 22.650%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 36231 | 36231 | 37334 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4282956, 25.810%, 4/04/2029 †x#◇ | Upstart | 4/09/2024 | 30789 | 30789 | 31684 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4283828, 15.270%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 32304 | 32304 | 32517 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4283938, 15.090%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 21505 | 21505 | 21423 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4284112, 23.130%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 37852 | 37852 | 38259 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4284136, 22.430%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 33538 | 33538 | 33394 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4284176, 13.760%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 32301 | 32301 | 32186 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4284212, 24.710%, 4/05/2027 †x◇ | Upstart | 4/10/2024 | 24568 | 24568 | 24364 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4284221, 27.630%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 31654 | 31654 | 31908 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4284863, 19.630%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 34116 | 34116 | 33978 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4285034, 16.970%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 20733 | 20733 | 20654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4285085, 19.670%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 37009 | 37009 | 37246 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4286377, 14.640%, 4/08/2029 †§x | Upstart | 4/11/2024 | 32301 | 32301 | 32201 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4286420, 27.440%, 5/10/2029 †§x | Upstart | 4/11/2024 | 39321 | 39321 | 39669 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4286574, 16.860%, 4/08/2029 †§x | Upstart | 4/11/2024 | 24611 | 24611 | 24531 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4286634, 17.020%, 4/08/2029 †§x | Upstart | 4/11/2024 | 32489 | 32489 | 32434 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4286899, 26.330%, 4/08/2029 †§x | Upstart | 4/11/2024 | 20380 | 20380 | 20976 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4287213, 13.460%, 9/16/2029 †x | Upstart | 4/11/2024 | 38713 | 38713 | 38869 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4287619, 28.720%, 2/08/2030 †x | Upstart | 4/11/2024 | 24675 | 24675 | 25028 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4288090, 16.760%, 4/09/2029 †§x | Upstart | 4/12/2024 | 36414 | 36414 | 36304 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4289697, 26.300%, 9/08/2029 †x | Upstart | 4/11/2024 | 26867 | 26867 | 27122 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4289751, 27.980%, 9/08/2029 †x | Upstart | 4/11/2024 | 29083 | 29083 | 28672 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4289879, 17.670%, 4/08/2029 †§x | Upstart | 4/11/2024 | 20811 | 20811 | 20742 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4292034, 22.950%, 4/10/2029 †§x | Upstart | 4/15/2024 | 37808 | 37808 | 38268 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4292745, 22.810%, 4/10/2029 †x | Upstart | 4/15/2024 | 34150 | 34150 | 34566 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4292788, 26.030%, 4/10/2029 †x | Upstart | 4/15/2024 | 22887 | 22887 | 23576 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4293116, 27.540%, 4/10/2029 †§x | Upstart | 4/15/2024 | 38876 | 38876 | 40039 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4293576, 25.520%, 4/10/2029 †§x | Upstart | 4/15/2024 | 27123 | 27123 | 27962 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4293590, 24.740%, 4/10/2029 †§x | Upstart | 4/15/2024 | 32259 | 32259 | 30519 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4293714, 29.000%, 4/10/2029 †§x | Upstart | 4/15/2024 | 19454 | 19454 | 20054 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4293980, 28.450%, 4/10/2029 †§x | Upstart | 4/15/2024 | 32291 | 32291 | 31268 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4294021, 29.170%, 9/10/2029 †x# | Upstart | 4/15/2024 | 20956 | 20956 | 20652 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4294125, 21.530%, 4/10/2029 †§x | Upstart | 4/15/2024 | 35414 | 35414 | 35879 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4294519, 20.480%, 4/10/2029 †§x | Upstart | 4/15/2024 | 20243 | 20243 | 20394 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4294591, 17.020%, 4/15/2029 †x# | Upstart | 4/15/2024 | 23363 | 23363 | 23296 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4294860, 25.580%, 4/11/2029 †§x# | Upstart | 4/16/2024 | 32170 | 32170 | 30536 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4294945, 16.410%, 4/11/2029 †§x | Upstart | 4/16/2024 | 28301 | 28301 | 28224 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4295079, 15.470%, 9/11/2029 †x | Upstart | 4/16/2024 | 21516 | 21516 | 21344 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4295172, 28.910%, 9/11/2029 †x | Upstart | 4/16/2024 | 23567 | 23567 | 23255 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4295391, 26.630%, 4/21/2029 †x | Upstart | 4/16/2024 | 38908 | 38908 | 40115 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4295694, 23.490%, 4/11/2029 †§x | Upstart | 4/16/2024 | 39807 | 39807 | 38406 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4296288, 17.170%, 11/11/2029 †x# | Upstart | 4/16/2024 | 22360 | 22360 | 20435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4296872, 22.580%, 9/27/2029 †x | Upstart | 4/17/2024 | 28582 | 28582 | 28644 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4311493, 29.200%, 4/22/2029 †§x | Upstart | 4/25/2024 | 20372 | 20372 | 21177 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4312027, 14.700%, 4/22/2029 †§x | Upstart | 4/25/2024 | 21469 | 21469 | 21455 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4312261, 15.130%, 6/26/2029 †x# | Upstart | 4/25/2024 | 39410 | 39410 | 38981 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**253** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4314079, 15.760%, 4/22/2029 †§x | Upstart | 4/25/2024 | $23400 | $23400 | $23420 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4314328, 16.950%, 4/22/2029 †§x# | Upstart | 4/25/2024 | 21846 | 21846 | 21863 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4314523, 29.070%, 4/22/2029 †§x# | Upstart | 4/25/2024 | 23099 | 23099 | 23782 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4315307, 26.360%, 5/02/2029 †§x# | Upstart | 4/26/2024 | 26951 | 26951 | 27791 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4315624, 28.800%, 9/23/2029 †x# | Upstart | 4/26/2024 | 21582 | 21582 | 20858 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4315923, 25.850%, 3/06/2030 †x# | Upstart | 4/26/2024 | 44688 | 44688 | 43892 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4315982, 23.480%, 4/23/2029 †x#◇ | Upstart | 4/26/2024 | 38598 | 38598 | 39104 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4316607, 16.540%, 4/23/2029 †x | Upstart | 4/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22844 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4316676, 28.760%, 4/23/2029 †§x | Upstart | 4/26/2024 | 24550 | 24550 | 25198 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4317195, 21.250%, 4/24/2029 †§x | Upstart | 4/29/2024 | 22439 | 22439 | 22678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4317503, 25.360%, 4/24/2029 †§x | Upstart | 4/29/2024 | 25176 | 25176 | 26142 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4317896, 28.700%, 4/24/2029 †§x | Upstart | 4/29/2024 | 21255 | 21255 | 22080 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4318589, 20.380%, 4/24/2029 †§x | Upstart | 4/29/2024 | 20935 | 20935 | 21214 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4318816, 20.180%, 9/24/2029 †x# | Upstart | 4/29/2024 | 32259 | 32259 | 32444 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4319312, 16.960%, 4/25/2029 †x◇ | Upstart | 4/30/2024 | 32329 | 32329 | 32320 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4319473, 28.740%, 9/25/2029 †x# | Upstart | 4/30/2024 | 35379 | 35379 | 35303 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4319728, 24.690%, 4/25/2029 †§x | Upstart | 4/30/2024 | 22930 | 22930 | 23767 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4328877, 20.300%, 5/01/2029 †x#◇ | Upstart | 5/06/2024 | 22548 | 22548 | 22406 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4328928, 22.840%, 5/01/2029 †x#◇ | Upstart | 5/06/2024 | 38481 | 38481 | 38120 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4328950, 12.470%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 35918 | 35918 | 37184 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4329034, 28.830%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 39825 | 39825 | 39050 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4329049, 17.240%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 28221 | 28221 | 28656 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4329468, 28.850%, 5/16/2029 †x◇ | Upstart | 5/06/2024 | 28437 | 28437 | 27884 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4329845, 24.820%, 5/02/2029 †x◇ | Upstart | 5/07/2024 | 21960 | 21960 | 21557 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4330849, 28.700%, 10/02/2029 †x | Upstart | 5/07/2024 | 22029 | 22029 | 21293 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4331506, 21.530%, 5/17/2029 †x◇ | Upstart | 5/07/2024 | 31974 | 31974 | 32017 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4331743, 23.460%, 5/02/2029 †x◇ | Upstart | 5/07/2024 | 38622 | 38622 | 38269 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4332740, 25.900%, 5/07/2029 †x◇ | Upstart | 5/10/2024 | 39212 | 39212 | 38601 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4332885, 30.060%, 5/03/2029 †x#◇ | Upstart | 5/08/2024 | 21059 | 21059 | 20668 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4333275, 23.750%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 28291 | 28291 | 27808 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4333964, 28.610%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 37742 | 37742 | 37252 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4334211, 26.000%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 30965 | 30965 | 30463 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4335049, 12.970%, 5/06/2029 †x#◇ | Upstart | 5/09/2024 | 30053 | 30053 | 31134 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4335487, 27.780%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 38512 | 38512 | 37998 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4336672, 25.940%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 26764 | 26764 | 26333 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4336750, 11.670%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 35708 | 35708 | 37001 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4338107, 18.270%, 5/07/2029 †§x | Upstart | 5/10/2024 | 37390 | 37390 | 38005 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4338515, 22.730%, 5/07/2029 †x◇ | Upstart | 5/10/2024 | 21380 | 21380 | 21232 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4338716, 24.990%, 5/07/2029 †x◇ | Upstart | 5/10/2024 | 38975 | 38975 | 38370 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4338826, 28.670%, 5/07/2029 †x◇ | Upstart | 5/10/2024 | 26941 | 26941 | 26535 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4339425, 24.880%, 5/07/2029 †§x | Upstart | 5/10/2024 | 34134 | 34134 | 33920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4340023, 25.560%, 10/08/2029 †x# | Upstart | 5/13/2024 | 30095 | 30095 | 29247 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4340915, 23.060%, 5/08/2029 †§x | Upstart | 5/13/2024 | 25276 | 25276 | 25108 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4340934, 17.850%, 5/09/2029 †x | Upstart | 5/14/2024 | 37525 | 37525 | 37703 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4341276, 21.980%, 5/08/2029 †§x | Upstart | 5/13/2024 | 30710 | 30710 | 30521 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4341942, 26.490%, 5/09/2029 †§x | Upstart | 5/14/2024 | 22326 | 22326 | 22001 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4342704, 25.700%, 5/09/2029 †x | Upstart | 5/14/2024 | 31387 | 31387 | 30933 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4342801, 19.700%, 5/09/2029 †§x | Upstart | 5/14/2024 | 37735 | 37735 | 38359 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4343099, 29.060%, 10/15/2029 †x# | Upstart | 5/14/2024 | 40360 | 40360 | 39177 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4343644, 14.660%, 5/10/2029 †x# | Upstart | 5/15/2024 | 29390 | 29390 | 29909 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4344476, 30.160%, 8/10/2029 †x# | Upstart | 5/15/2024 | 25154 | 25154 | 24579 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4344497, 28.500%, 5/10/2029 †§x | Upstart | 5/15/2024 | 29813 | 29813 | 29389 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4344790, 24.530%, 5/10/2029 †§x | Upstart | 5/15/2024 | 21379 | 21379 | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4344939, 15.470%, 5/10/2029 †x | Upstart | 5/15/2024 | 32577 | 32577 | 33154 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4345999, 28.630%, 5/13/2029 †§x# | Upstart | 5/16/2024 | 29926 | 29926 | 29652 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4346057, 24.490%, 10/13/2029 †x | Upstart | 5/16/2024 | 43007 | 43007 | 41871 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**254** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4346710, 23.380%, 5/13/2029 †§x | Upstart | 5/16/2024 | $21079 | $21079 | $20981 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4347499, 23.120%, 5/13/2029 †§x | Upstart | 5/16/2024 | 21797 | 21797 | 20472 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4349583, 26.420%, 10/14/2029 †x# | Upstart | 5/17/2024 | 20931 | 20931 | 20630 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4349933, 20.880%, 5/14/2029 †§x | Upstart | 5/17/2024 | 29031 | 29031 | 29183 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4350536, 22.130%, 5/19/2029 †§x | Upstart | 5/17/2024 | 38121 | 38121 | 38067 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4351024, 21.450%, 5/23/2029 †§x | Upstart | 5/17/2024 | 31451 | 31451 | 31345 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4351180, 28.860%, 5/14/2029 †§x | Upstart | 5/17/2024 | 29003 | 29003 | 28657 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4351867, 25.740%, 5/20/2029 †§x# | Upstart | 5/20/2024 | 34858 | 34858 | 32820 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4351918, 29.130%, 5/15/2029 †§x | Upstart | 5/20/2024 | 38606 | 38606 | 36072 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4352078, 29.980%, 5/15/2029 †x | Upstart | 5/20/2024 | 20597 | 20597 | 20360 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4352624, 20.620%, 5/15/2029 †§x | Upstart | 5/20/2024 | 34310 | 34310 | 34503 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4353817, 20.240%, 5/16/2029 †x# | Upstart | 5/21/2024 | 25031 | 25031 | 25196 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4353927, 18.080%, 5/16/2029 †x | Upstart | 5/21/2024 | 37339 | 37339 | 38025 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4354524, 29.170%, 5/16/2029 †x◇ | Upstart | 5/21/2024 | 25929 | 25929 | 25647 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4354648, 30.010%, 5/16/2029 †§x | Upstart | 5/21/2024 | 24502 | 24502 | 24319 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4354962, 17.850%, 5/16/2029 †§x | Upstart | 5/21/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34194 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4355858, 28.250%, 5/17/2029 †§x# | Upstart | 5/22/2024 | 27765 | 27765 | 25953 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4356238, 26.610%, 5/17/2029 †§x | Upstart | 5/22/2024 | 31077 | 31077 | 30767 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4356694, 17.230%, 5/17/2029 †§x# | Upstart | 5/22/2024 | 37916 | 37916 | 36281 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4357910, 30.860%, 5/20/2029 †§x# | Upstart | 5/23/2024 | 20227 | 20227 | 20056 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4358148, 28.830%, 5/20/2029 †§x | Upstart | 5/23/2024 | 27160 | 27160 | 25513 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4358317, 26.470%, 5/20/2029 †§x | Upstart | 5/23/2024 | 22944 | 22944 | 22796 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4361543, 24.610%, 5/20/2027 †§x | Upstart | 5/23/2024 | 25358 | 25358 | 25199 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4362310, 26.500%, 5/21/2029 †§x | Upstart | 5/24/2024 | 22280 | 22280 | 22185 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4375580, 30.080%, 11/03/2029 †x# | Upstart | 6/06/2024 | 21327 | 21327 | 21042 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4377752, 25.970%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 39802 | 39802 | 38976 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4381346, 20.700%, 6/03/2029 †§x | Upstart | 6/06/2024 | 27045 | 27045 | 27045 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4381586, 26.480%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 29931 | 29931 | 29585 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4381677, 22.340%, 4/03/2028 †x | Upstart | 6/06/2024 | 20838 | 20838 | 20293 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4381720, 18.640%, 6/07/2029 †x◇ | Upstart | 6/06/2024 | 38230 | 38230 | 38259 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4381731, 24.970%, 6/03/2029 †§x# | Upstart | 6/06/2024 | 22599 | 22599 | 22390 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4381756, 29.410%, 6/03/2029 †§x | Upstart | 6/06/2024 | 22861 | 22861 | 22376 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4381907, 27.770%, 6/03/2029 †§x | Upstart | 6/06/2024 | 38150 | 38150 | 37377 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4382000, 23.550%, 6/03/2029 †§x | Upstart | 6/06/2024 | 33599 | 33599 | 33274 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4382150, 27.320%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 31907 | 31907 | 31239 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4382361, 21.270%, 6/03/2029 †x#◇ | Upstart | 6/06/2024 | 32982 | 32982 | 32726 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4383016, 26.870%, 11/03/2029 †x# | Upstart | 6/06/2024 | 40898 | 40898 | 39942 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4384479, 27.960%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 23247 | 23247 | 22758 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4384790, 28.850%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 21043 | 21043 | 20626 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4384829, 27.800%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 40185 | 40185 | 39341 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4385078, 31.880%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 27560 | 27560 | 27034 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4386033, 29.170%, 6/04/2029 †§x | Upstart | 6/07/2024 | 23827 | 23827 | 23380 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4386215, 17.820%, 6/04/2029 †§x | Upstart | 6/07/2024 | 37861 | 37861 | 38482 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4386350, 30.020%, 6/08/2029 †x◇ | Upstart | 6/07/2024 | 33196 | 33196 | 32517 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4386357, 27.320%, 6/04/2029 †x# | Upstart | 6/07/2024 | 22094 | 22094 | 21650 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4386394, 26.590%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 34644 | 34644 | 33993 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4387155, 28.310%, 11/04/2029 †x# | Upstart | 6/07/2024 | 28719 | 28719 | 28188 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4387226, 25.460%, 11/05/2029 †x# | Upstart | 6/10/2024 | 49110 | 49110 | 23492 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4387320, 17.110%, 6/04/2029 †x | Upstart | 6/07/2024 | 21929 | 21929 | 22266 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4387642, 28.790%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 40393 | 40393 | 39563 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4387734, 30.040%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 28691 | 28691 | 28158 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4388276, 24.680%, 6/05/2029 †§x | Upstart | 6/10/2024 | 22292 | 22292 | 22083 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4388380, 21.480%, 6/05/2029 †x | Upstart | 6/10/2024 | 38812 | 38812 | 38451 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4388608, 18.090%, 6/05/2029 †x | Upstart | 6/10/2024 | 38024 | 38024 | 38082 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4388661, 14.900%, 6/05/2029 †§x | Upstart | 6/10/2024 | 29195 | 29195 | 29695 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4388662, 29.900%, 6/05/2029 †§x | Upstart | 6/10/2024 | 24046 | 24046 | 23561 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**255** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4388799, 20.820%, 6/05/2029 †§x# | Upstart | 6/10/2024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39051 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39051 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38715 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4388856, 28.560%, 6/05/2029 †§x | Upstart | 6/10/2024 | 22517 | 22517 | 22068 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389113, 16.460%, 6/05/2029 †§x | Upstart | 6/10/2024 | 24538 | 24538 | 24924 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389470, 28.020%, 6/05/2029 †§x# | Upstart | 6/10/2024 | 31450 | 31450 | 30932 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389590, 27.800%, 6/05/2029 †x◇ | Upstart | 6/10/2024 | 31993 | 31993 | 31358 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389734, 27.870%, 6/05/2029 †§x# | Upstart | 6/10/2024 | 31799 | 31799 | 31257 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389745, 22.200%, 6/05/2029 †x# | Upstart | 6/10/2024 | 33232 | 33232 | 32987 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389753, 19.290%, 4/05/2030 †x | Upstart | 6/10/2024 | 27296 | 27296 | 27223 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389910, 29.390%, 6/05/2029 †§x | Upstart | 6/10/2024 | 22530 | 22530 | 22078 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389922, 26.710%, 11/05/2029 †x# | Upstart | 6/10/2024 | 22237 | 22237 | 21492 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4389993, 24.540%, 6/05/2029 †x | Upstart | 6/10/2024 | 34756 | 34756 | 34081 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4390229, 22.920%, 6/05/2029 †x | Upstart | 6/10/2024 | 31153 | 31153 | 30850 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4390664, 30.950%, 11/06/2029 †x# | Upstart | 6/11/2024 | 38037 | 38037 | 37146 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4391145, 26.910%, 6/06/2029 †§x | Upstart | 6/11/2024 | 34995 | 34995 | 34365 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4391350, 28.900%, 6/06/2029 †x | Upstart | 6/11/2024 | 27566 | 27566 | 27031 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4391974, 24.930%, 6/06/2029 †§x | Upstart | 6/11/2024 | 39578 | 39578 | 38831 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4392473, 18.870%, 6/06/2029 †x◇ | Upstart | 6/11/2024 | 23287 | 23287 | 23373 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4392510, 23.660%, 6/06/2029 †§x | Upstart | 6/11/2024 | 36667 | 36667 | 36745 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4392912, 23.700%, 6/06/2029 †x#◇ | Upstart | 6/11/2024 | 26813 | 26813 | 26557 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4393644, 29.730%, 8/07/2029 †x | Upstart | 6/12/2024 | 33547 | 33547 | 32619 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4393762, 19.880%, 6/19/2029 †x# | Upstart | 6/12/2024 | 38672 | 38672 | 38750 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4394517, 12.900%, 6/07/2029 †x | Upstart | 6/12/2024 | 20731 | 20731 | 21481 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4394751, 24.960%, 6/07/2029 †§x | Upstart | 6/12/2024 | 31270 | 31270 | 30697 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4395606, 18.800%, 6/10/2029 †§x | Upstart | 6/13/2024 | 24471 | 24471 | 24890 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4432831, 18.000%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 23226 | 23226 | 23552 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4432871, 25.090%, 7/01/2027 †x◇ | Upstart | 7/05/2024 | 23052 | 23052 | 22611 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4433285, 17.210%, 7/15/2029 †x◇ | Upstart | 7/05/2024 | 34346 | 34346 | 34326 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4434227, 20.920%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 26298 | 26298 | 25972 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4434464, 21.760%, 7/01/2029 †x#◇ | Upstart | 7/05/2024 | 37903 | 37903 | 37444 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4435037, 28.860%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 22390 | 22390 | 21866 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4437612, 24.110%, 7/02/2029 †x◇ | Upstart | 7/08/2024 | 31024 | 31024 | 30351 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4437630, 21.810%, 7/02/2029 †x◇ | Upstart | 7/08/2024 | 23212 | 23212 | 22984 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4437794, 23.720%, 7/02/2029 †x◇ | Upstart | 7/08/2024 | 27184 | 27184 | 26545 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4438330, 29.000%, 7/02/2029 †x#◇ | Upstart | 7/08/2024 | 22408 | 22408 | 21869 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4438351, 28.320%, 12/02/2029 †x | Upstart | 7/08/2024 | 23305 | 23305 | 22608 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4438423, 6.310%, 7/06/2029 †x◇ | Upstart | 7/08/2024 | 22226 | 22226 | 22812 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4439166, 26.000%, 7/02/2029 †x◇ | Upstart | 7/08/2024 | 39311 | 39311 | 38502 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4441099, 27.320%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 26889 | 26889 | 26261 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4442017, 28.570%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 22459 | 22459 | 21930 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4444558, 27.710%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 22703 | 22703 | 22198 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4494716, 30.020%, 8/06/2029 †x◇ | Upstart | 8/09/2024 | 39952 | 39952 | 39082 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4498732, 24.110%, 1/01/2030 †x# | Upstart | 8/06/2024 | 24632 | 24632 | 24981 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4499167, 20.240%, 8/01/2029 †x◇ | Upstart | 8/06/2024 | 23690 | 23690 | 23696 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4499301, 26.880%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 32065 | 32065 | 31258 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4499357, 25.740%, 8/01/2029 †x#◇ | Upstart | 8/06/2024 | 32890 | 32890 | 32430 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4500691, 11.820%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 28483 | 28483 | 28859 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4501345, 17.240%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 25637 | 25637 | 25928 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4502694, 32.320%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 25518 | 25518 | 24855 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4507156, 26.590%, 1/05/2030 †x | Upstart | 8/08/2024 | 21346 | 21421 | 20744 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4512353, 22.690%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 28611 | 28611 | 28307 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4514236, 28.900%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 42249 | 42249 | 41221 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4517500, 19.500%, 1/23/2030 †x# | Upstart | 8/28/2024 | 32945 | 32945 | 33129 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4519664, 28.560%, 8/09/2029 †x◇ | Upstart | 8/14/2024 | 28493 | 28493 | 27884 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4519676, 25.510%, 8/09/2029 †x◇ | Upstart | 8/14/2024 | 27759 | 27842 | 27405 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4522452, 32.360%, 8/19/2029 †x | Upstart | 8/15/2024 | 30074 | 30074 | 27925 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4523902, 32.020%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20662 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**256** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4523978, 27.810%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | $28856 | $28856 | $28316 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4525983, 23.930%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 28316 | 28316 | 27878 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4528245, 27.720%, 8/28/2029 †x#◇ | Upstart | 8/19/2024 | 32425 | 32425 | 31833 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4530641, 30.060%, 8/14/2029 †§x | Upstart | 8/19/2024 | 40753 | 40753 | 40060 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4532065, 14.780%, 8/15/2029 †§x | Upstart | 8/20/2024 | 31849 | 31849 | 32321 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4532318, 13.470%, 8/15/2029 †§x | Upstart | 8/20/2024 | 34906 | 34906 | 33229 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4532647, 30.740%, 8/15/2029 †x# | Upstart | 8/20/2024 | 21493 | 21493 | 21119 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4534457, 27.870%, 8/16/2029 †x | Upstart | 8/21/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40707 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4535326, 31.620%, 8/16/2029 †§x# | Upstart | 8/21/2024 | 28383 | 28383 | 26416 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4536022, 28.860%, 8/19/2029 †x◇ | Upstart | 8/22/2024 | 26870 | 26870 | 26450 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4536309, 27.370%, 8/19/2027 †§x | Upstart | 8/22/2024 | 29778 | 29778 | 29284 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4536328, 32.050%, 8/19/2029 †§x | Upstart | 8/22/2024 | 27670 | 27670 | 27226 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4536681, 29.050%, 8/19/2029 †x◇ | Upstart | 8/22/2024 | 27215 | 27215 | 26808 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4536687, 30.030%, 8/19/2029 †x◇ | Upstart | 8/22/2024 | 24665 | 24665 | 24325 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4536758, 17.620%, 8/19/2029 †§x# | Upstart | 8/22/2024 | 27964 | 27964 | 26629 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4537104, 15.470%, 8/19/2029 †§x | Upstart | 8/22/2024 | 25495 | 25495 | 24284 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4537274, 18.550%, 8/19/2029 †§x | Upstart | 8/22/2024 | 22274 | 22274 | 22427 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4539225, 32.300%, 8/19/2029 †§x | Upstart | 8/22/2024 | 20991 | 20991 | 20718 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4541512, 17.820%, 8/20/2029 †§x | Upstart | 8/23/2024 | 24361 | 24361 | 24762 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4542655, 21.280%, 8/20/2029 †§x | Upstart | 8/23/2024 | 40081 | 40081 | 39795 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4543140, 20.650%, 8/20/2029 †§x | Upstart | 8/23/2024 | 38152 | 38152 | 38465 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4543521, 14.630%, 8/21/2029 †x#◇ | Upstart | 8/26/2024 | 38465 | 38465 | 39128 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4545223, 28.400%, 8/21/2029 †§x# | Upstart | 8/26/2024 | 27642 | 27642 | 27187 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4547275, 13.890%, 8/22/2029 †§x | Upstart | 8/27/2024 | 38399 | 38399 | 39080 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4547851, 19.100%, 8/22/2029 †x◇ | Upstart | 8/27/2024 | 37329 | 37329 | 37668 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4547987, 27.740%, 8/22/2029 †§x# | Upstart | 8/27/2024 | 23803 | 23803 | 23538 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4548041, 24.820%, 8/22/2029 †§x# | Upstart | 8/27/2024 | 27555 | 27555 | 27198 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4549423, 30.560%, 8/23/2029 †x# | Upstart | 8/28/2024 | 20880 | 20880 | 20591 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4551189, 31.410%, 8/23/2029 †§x | Upstart | 8/28/2024 | 40199 | 40199 | 39745 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4551275, 20.550%, 8/23/2029 †x◇ | Upstart | 8/28/2024 | 22199 | 22199 | 22367 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4551506, 32.180%, 8/23/2029 †§x# | Upstart | 8/28/2024 | 34898 | 34898 | 34346 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4552329, 28.420%, 2/11/2030 †x# | Upstart | 8/29/2024 | 46398 | 46398 | 42664 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4553423, 32.010%, 8/26/2029 †§x# | Upstart | 8/29/2024 | 22936 | 22936 | 22287 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4554611, 24.560%, 8/26/2029 †§x | Upstart | 8/29/2024 | 28465 | 28465 | 28239 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4558024, 17.610%, 8/27/2029 †§x | Upstart | 8/30/2024 | 39287 | 39287 | 39726 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4562171, 16.460%, 8/28/2029 †§x# | Upstart | 9/03/2024 | 38911 | 38911 | 39352 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4563194, 22.730%, 9/01/2029 †§x | Upstart | 9/04/2024 | 41108 | 41108 | 40357 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4563637, 29.910%, 9/01/2029 †§x | Upstart | 9/04/2024 | 33970 | 33970 | 32915 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4564022, 29.910%, 9/01/2029 †§x | Upstart | 9/04/2024 | 39293 | 39293 | 38193 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4564382, 29.260%, 9/01/2029 †§x | Upstart | 9/04/2024 | 39494 | 39494 | 38279 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4568687, 21.920%, 9/03/2027 †x | Upstart | 9/06/2024 | 28593 | 28593 | 27872 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4568712, 27.230%, 2/14/2028 †x | Upstart | 9/06/2024 | 33146 | 33146 | 32023 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4568909, 22.870%, 2/15/2030 †x# | Upstart | 9/06/2024 | 28504 | 28504 | 28314 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4569413, 28.340%, 9/03/2027 †x◇ | Upstart | 9/06/2024 | 24681 | 24735 | 24066 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4569668, 29.470%, 7/03/2030 †x# | Upstart | 9/06/2024 | 26632 | 26726 | 25768 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4569671, 13.420%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 31229 | 31316 | 31646 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4574424, 21.960%, 9/04/2029 †x◇ | Upstart | 9/09/2024 | 37930 | 37930 | 37320 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4580975, 30.070%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | 38024 | 38024 | 37050 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4581242, 30.200%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | 26461 | 26461 | 25833 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4582312, 27.480%, 9/06/2027 †x◇ | Upstart | 9/11/2024 | 27470 | 27470 | 26833 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4589593, 28.610%, 2/17/2030 †x | Upstart | 9/13/2024 | 28183 | 28183 | 26178 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4590584, 28.730%, 9/10/2029 †§x# | Upstart | 9/13/2024 | 39925 | 39925 | 39073 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4592124, 31.270%, 9/11/2029 †§x | Upstart | 9/16/2024 | 20596 | 20596 | 20124 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4593269, 30.250%, 9/11/2029 †§x | Upstart | 9/16/2024 | 31739 | 31739 | 31076 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4594894, 12.750%, 9/12/2029 †§x | Upstart | 9/17/2024 | 32575 | 32575 | 33037 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4596633, 21.730%, 9/12/2029 †x◇ | Upstart | 9/17/2024 | 40349 | 40349 | 40479 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**257** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4597533, 28.750%, 9/13/2029 †§x | Upstart | 9/18/2024 | $28723 | $28723 | $28110 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4638977, 15.370%, 12/01/2029 †x | Upstart | 10/04/2024 | 29857 | 29857 | 29114 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4640779, 19.540%, 2/01/2030 †x# | Upstart | 10/04/2024 | 35396 | 35396 | 34008 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4643925, 18.140%, 10/02/2029 †§x | Upstart | 10/07/2024 | 40728 | 40728 | 39821 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4644001, 23.800%, 10/10/2027 †§x | Upstart | 10/08/2024 | 22281 | 22281 | 21698 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4645869, 26.370%, 10/03/2029 †§x | Upstart | 10/08/2024 | 28839 | 28839 | 27044 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4647726, 25.130%, 10/03/2029 †§x | Upstart | 10/08/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22041 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21001 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4650106, 22.260%, 12/04/2029 †x# | Upstart | 10/09/2024 | 24825 | 24896 | 23169 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4650135, 23.820%, 10/04/2029 †§x | Upstart | 10/09/2024 | 33457 | 33457 | 31900 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4652111, 22.240%, 10/07/2029 †§x# | Upstart | 10/10/2024 | 23624 | 23624 | 22778 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4659536, 29.170%, 10/08/2029 †§x | Upstart | 10/11/2024 | 43083 | 43083 | 40499 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4659602, 28.830%, 10/08/2029 †§x | Upstart | 10/11/2024 | 23664 | 23664 | 22239 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4665913, 24.250%, 10/10/2029 †§x | Upstart | 10/16/2024 | 35618 | 35618 | 33545 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4667351, 32.240%, 10/10/2029 †§x | Upstart | 10/16/2024 | 26642 | 26642 | 25056 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4668365, 31.950%, 10/26/2029 †§x# | Upstart | 10/17/2024 | 21430 | 21430 | 20148 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4668866, 29.270%, 10/11/2029 †§x | Upstart | 10/17/2024 | 26273 | 26273 | 24730 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4668876, 17.880%, 10/11/2029 †§x | Upstart | 10/17/2024 | 21642 | 21642 | 21190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4669345, 28.890%, 10/11/2029 †§x# | Upstart | 10/17/2024 | 32902 | 32902 | 31049 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4670318, 29.900%, 10/11/2029 †§x | Upstart | 10/17/2024 | 33370 | 33370 | 31405 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4671723, 26.660%, 10/15/2029 †x | Upstart | 10/18/2024 | 25402 | 25402 | 23976 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4672907, 19.060%, 10/15/2029 †x | Upstart | 10/18/2024 | 40914 | 40914 | 39530 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4775828, 22.900%, 4/20/2030 †x | Upstart | 11/25/2024 | 26807 | 26807 | 25456 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4776305, 28.990%, 11/20/2029 †x | Upstart | 11/25/2024 | 34258 | 34258 | 32140 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4776652, 18.650%, 11/21/2029 †x | Upstart | 11/26/2024 | 36668 | 36668 | 35262 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4776978, 21.730%, 11/20/2029 †§x | Upstart | 11/25/2024 | 42026 | 42026 | 40904 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4777791, 32.020%, 3/20/2030 †x# | Upstart | 11/25/2024 | 26264 | 26264 | 24566 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4778910, 14.740%, 11/21/2029 †§x | Upstart | 11/26/2024 | 40704 | 40704 | 39617 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4779443, 12.970%, 11/21/2029 †§x | Upstart | 11/26/2024 | 28245 | 28245 | 27992 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4779631, 11.230%, 11/21/2029 †§x | Upstart | 11/26/2024 | 25088 | 25088 | 24876 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4779660, 30.870%, 11/21/2027 †x# | Upstart | 11/26/2024 | 31846 | 31846 | 31014 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4779690, 28.590%, 11/28/2029 †§x# | Upstart | 11/26/2024 | 25285 | 25285 | 23687 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4779757, 24.420%, 11/21/2029 †§x | Upstart | 11/26/2024 | 23288 | 23288 | 21871 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4779855, 27.320%, 11/21/2029 †§x | Upstart | 11/26/2024 | 42128 | 42128 | 39552 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4780831, 27.800%, 11/21/2029 †§x | Upstart | 11/26/2024 | 42203 | 42203 | 39621 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4781252, 28.180%, 11/21/2029 †§x# | Upstart | 11/26/2024 | 38904 | 38904 | 36439 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4781350, 31.040%, 11/21/2029 †§x | Upstart | 11/26/2024 | 25784 | 25784 | 24189 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4781813, 15.510%, 11/21/2029 †§x# | Upstart | 11/26/2024 | 27986 | 27986 | 27206 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4783006, 32.160%, 11/22/2029 †§x | Upstart | 11/27/2024 | 25723 | 25723 | 24095 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4784033, 30.070%, 11/22/2029 †§x | Upstart | 11/27/2024 | 24772 | 24772 | 23315 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4784302, 28.760%, 11/26/2029 †x# | Upstart | 12/02/2024 | 39792 | 39792 | 37519 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4784823, 24.530%, 11/25/2029 †§x# | Upstart | 11/29/2024 | 21606 | 21606 | 20287 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4791416, 29.010%, 11/26/2029 †§x | Upstart | 12/02/2024 | 21209 | 21209 | 20010 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4796148, 27.460%, 11/27/2029 †x# | Upstart | 12/03/2024 | 43172 | 43172 | 40732 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4796935, 30.000%, 4/27/2030 †x | Upstart | 12/03/2024 | 28817 | 28817 | 27159 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4797808, 31.660%, 11/27/2029 †§x | Upstart | 12/03/2024 | 28037 | 28037 | 26436 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4797828, 23.470%, 12/27/2029 †x# | Upstart | 12/03/2024 | 41219 | 41219 | 38172 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4797834, 28.770%, 3/27/2030 †x# | Upstart | 12/03/2024 | 42119 | 42119 | 38919 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4799062, 13.250%, 11/27/2029 †§x | Upstart | 12/03/2024 | 22319 | 22319 | 21764 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4799667, 23.130%, 12/01/2029 †§x# | Upstart | 12/04/2024 | 28008 | 28008 | 26027 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4799875, 30.290%, 12/01/2029 †x◇ | Upstart | 12/04/2024 | 24971 | 24971 | 23554 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4799884, 27.680%, 12/01/2029 †x# | Upstart | 12/04/2024 | 24125 | 24125 | 22333 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4800285, 26.560%, 12/01/2029 †§x | Upstart | 12/04/2024 | 26018 | 26018 | 24166 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4800356, 12.730%, 12/01/2029 †x# | Upstart | 12/04/2024 | 34828 | 34828 | 33808 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4857120, 22.590%, 12/16/2029 †x | Upstart | 12/19/2024 | 26275 | 26275 | 24945 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4857468, 27.770%, 12/16/2029 †§x | Upstart | 12/19/2024 | 38225 | 38225 | 35730 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4859394, 17.010%, 12/16/2029 †x | Upstart | 12/19/2024 | 41814 | 41814 | 40633 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**258** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4865767, 28.700%, 5/17/2030 †x# | Upstart | 12/20/2024 | $21514 | $21514 | $20155 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4869067, 26.780%, 12/18/2029 †x | Upstart | 12/23/2024 | 21496 | 21496 | 20153 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4869113, 25.820%, 12/18/2027 †§x | Upstart | 12/23/2024 | 25795 | 25795 | 24823 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4872937, 31.180%, 12/19/2029 †§x | Upstart | 12/24/2024 | 21980 | 21980 | 20573 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4874355, 14.470%, 5/19/2030 †x | Upstart | 12/24/2024 | 43556 | 43556 | 43112 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4874477, 32.220%, 5/19/2030 †x# | Upstart | 12/24/2024 | 25866 | 25866 | 24264 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4880127, 30.690%, 5/23/2030 †x | Upstart | 12/27/2024 | 24739 | 24739 | 23543 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4880360, 22.760%, 12/23/2029 †§x | Upstart | 12/27/2024 | 28262 | 28262 | 26900 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4881984, 28.830%, 12/23/2029 †x# | Upstart | 12/27/2024 | 30848 | 30848 | 28987 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4882472, 19.340%, 12/23/2029 †§x | Upstart | 12/27/2024 | 25944 | 25944 | 24933 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4887690, 19.010%, 12/24/2029 †x | Upstart | 12/30/2024 | 42173 | 42173 | 40512 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4974025, 31.130%, 1/27/2030 †§x | Upstart | 1/30/2025 | 34871 | 34871 | 32753 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4982307, 26.240%, 1/28/2030 †x | Upstart | 2/03/2025 | 23805 | 23805 | 22050 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4982464, 20.020%, 1/28/2030 †x# | Upstart | 2/03/2025 | 24668 | 24668 | 23919 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4983156, 25.780%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 26224 | 26224 | 24282 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4984122, 19.900%, 1/28/2030 †x | Upstart | 2/03/2025 | 30316 | 30316 | 28916 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4984363, 19.470%, 7/01/2030 †x | Upstart | 2/03/2025 | 23962 | 23962 | 22887 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4986588, 13.350%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 28337 | 28337 | 27450 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4986785, 20.260%, 1/28/2030 †x | Upstart | 2/04/2025 | 35757 | 35757 | 33741 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4989743, 14.610%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 25766 | 25841 | 24956 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4990099, 13.600%, 1/28/2030 †x◇ | Upstart | 2/05/2025 | 25028 | 25028 | 24244 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4992139, 15.200%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 26294 | 26294 | 25480 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4992285, 19.970%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 43520 | 43520 | 41516 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4992578, 16.940%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 26020 | 26020 | 24828 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4992650, 21.640%, 2/03/2028 †x◇ | Upstart | 2/06/2025 | 23516 | 23516 | 22634 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4992673, 11.560%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 41130 | 41130 | 40698 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4994021, 20.230%, 7/03/2030 †x# | Upstart | 2/06/2025 | 34860 | 34860 | 33732 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4995455, 13.850%, 2/03/2028 †x◇ | Upstart | 2/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33786 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4996267, 21.760%, 2/03/2030 †x | Upstart | 2/06/2025 | 21987 | 21987 | 20981 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4998486, 16.630%, 2/04/2030 †x◇ | Upstart | 2/07/2025 | 24335 | 24335 | 23580 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW4999587, 16.990%, 2/04/2030 †x◇ | Upstart | 2/07/2025 | 30051 | 30051 | 29119 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5003105, 18.770%, 2/05/2030 †x◇ | Upstart | 2/10/2025 | 23588 | 23588 | 22523 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5004733, 25.650%, 2/06/2030 †x | Upstart | 2/11/2025 | 25801 | 25801 | 23959 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5005165, 19.390%, 2/06/2030 †x◇ | Upstart | 2/11/2025 | 43351 | 43351 | 42019 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5005390, 28.680%, 2/07/2030 †x | Upstart | 2/12/2025 | 26393 | 26393 | 24513 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5007532, 23.380%, 2/06/2030 †x | Upstart | 2/11/2025 | 42909 | 42909 | 39853 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5013636, 18.720%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 43324 | 43324 | 41420 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5016339, 19.550%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 43451 | 43451 | 42141 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5018720, 30.640%, 7/10/2030 †x# | Upstart | 2/13/2025 | 29881 | 29881 | 27768 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5019101, 32.310%, 2/11/2030 †x# | Upstart | 2/14/2025 | 26356 | 26356 | 24520 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5020497, 25.880%, 2/11/2030 †x | Upstart | 2/14/2025 | 30226 | 30226 | 28143 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5021211, 15.160%, 2/11/2030 †x#◇ | Upstart | 2/14/2025 | 25016 | 25016 | 24263 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5026196, 30.060%, 2/18/2030 †x | Upstart | 2/19/2025 | 35693 | 35693 | 33257 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5168893, 32.050%, 4/01/2030 †x | Upstart | 4/04/2025 | 22346 | 22417 | 20678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5169179, 14.100%, 4/01/2030 †x◇ | Upstart | 4/04/2025 | 35499 | 35499 | 34298 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5169583, 32.290%, 9/16/2030 †x | Upstart | 4/04/2025 | 23263 | 23263 | 21610 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5172623, 21.840%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 26994 | 26994 | 25534 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5172983, 28.850%, 4/02/2030 †x | Upstart | 4/07/2025 | 24388 | 24388 | 22676 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5289986, 32.220%, 5/05/2030 †x | Upstart | 5/08/2025 | 22861 | 22861 | 21240 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5292747, 24.880%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 27997 | 27997 | 26634 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5293372, 20.040%, 5/05/2030 †x#◇ | Upstart | 5/08/2025 | 22712 | 22712 | 21582 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5313666, 27.040%, 5/19/2030 †x | Upstart | 5/13/2025 | 32668 | 32668 | 29012 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5313700, 18.270%, 5/08/2030 †x◇ | Upstart | 5/13/2025 | 45123 | 45123 | 43668 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5314377, 26.140%, 5/08/2030 †x | Upstart | 5/13/2025 | 26155 | 26155 | 24338 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5319890, 20.140%, 5/09/2030 †x | Upstart | 5/14/2025 | 27166 | 27166 | 25766 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5320046, 20.860%, 10/14/2030 †x | Upstart | 5/14/2025 | 29107 | 29107 | 27983 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**259** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5323017, 24.820%, 5/12/2030 †x | Upstart | 5/15/2025 | $33041 | $33041 | $30811 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5326198, 21.820%, 5/12/2030 †x#◇ | Upstart | 5/15/2025 | 26399 | 26399 | 25094 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5328290, 23.810%, 5/12/2030 †x | Upstart | 5/15/2025 | 23957 | 23957 | 22315 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5340973, 29.970%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | 21453 | 21453 | 20408 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5342920, 20.090%, 5/14/2028 †x◇ | Upstart | 5/19/2025 | 24124 | 24124 | 23180 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5344032, 12.000%, 5/15/2030 †x◇ | Upstart | 5/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43793 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5349371, 28.760%, 5/15/2030 †x | Upstart | 5/20/2025 | 31235 | 31235 | 29148 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5352439, 31.070%, 5/28/2030 †x#◇ | Upstart | 5/21/2025 | 41474 | 41474 | 39775 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5432191, 16.750%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 22039 | 22099 | 21311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5432916, 28.720%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 24400 | 24400 | 23153 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5434038, 23.480%, 6/03/2030 †x#◇ | Upstart | 6/06/2025 | 26216 | 26216 | 24833 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5434310, 29.190%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 29147 | 29147 | 27657 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5435258, 30.390%, 6/03/2030 †x | Upstart | 6/06/2025 | 23071 | 23071 | 21456 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5439720, 18.200%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 26951 | 26951 | 25659 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5441103, 22.290%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 41505 | 41505 | 39524 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5450671, 30.270%, 6/06/2030 †x | Upstart | 6/11/2025 | 27956 | 27956 | 25986 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5462714, 23.270%, 6/09/2030 †x◇ | Upstart | 6/12/2025 | 21168 | 21168 | 20132 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5474675, 28.900%, 6/11/2030 †x | Upstart | 6/16/2025 | 21758 | 21828 | 20326 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5487283, 28.570%, 11/16/2030 †x# | Upstart | 6/18/2025 | 37055 | 37055 | 34744 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5487655, 16.910%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 22382 | 22382 | 21668 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5488610, 20.110%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 25847 | 25847 | 25037 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5492981, 23.050%, 6/16/2030 †x◇ | Upstart | 6/20/2025 | 27441 | 27441 | 26164 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5508050, 19.680%, 6/17/2030 †x◇ | Upstart | 6/23/2025 | 26039 | 26039 | 24883 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5512380, 25.820%, 6/17/2030 †x | Upstart | 6/23/2025 | 46377 | 46377 | 43453 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5512965, 22.870%, 6/18/2030 †x | Upstart | 6/24/2025 | 27083 | 27083 | 24448 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5516632, 18.250%, 6/18/2028 †x◇ | Upstart | 6/24/2025 | 39834 | 39834 | 38350 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5523122, 20.940%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 36782 | 36782 | 35182 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5523242, 21.730%, 11/20/2030 †x# | Upstart | 6/25/2025 | 33825 | 33825 | 32924 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5527635, 28.740%, 6/20/2030 †x | Upstart | 6/25/2025 | 31880 | 31880 | 29923 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5528590, 28.830%, 6/23/2030 †x | Upstart | 6/25/2025 | 21554 | 21621 | 20232 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5531905, 23.070%, 6/23/2030 †§x | Upstart | 6/26/2025 | 21212 | 21212 | 20276 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5532868, 24.360%, 6/23/2030 †§x | Upstart | 6/26/2025 | 27797 | 27797 | 26573 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5534722, 29.680%, 6/23/2030 †§x | Upstart | 6/26/2025 | 22197 | 22197 | 20869 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5535408, 23.180%, 6/23/2030 †§x | Upstart | 6/26/2025 | 31515 | 31515 | 30126 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5537988, 23.870%, 6/23/2030 †§x | Upstart | 6/26/2025 | 27767 | 27767 | 26544 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5540400, 23.130%, 6/23/2030 †§x | Upstart | 6/26/2025 | 23102 | 23102 | 22120 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5541671, 25.090%, 6/24/2030 †x | Upstart | 6/27/2025 | 33645 | 33645 | 31579 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5542516, 14.940%, 6/24/2030 †§x | Upstart | 6/27/2025 | 44571 | 44571 | 43208 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5543787, 17.410%, 6/24/2030 †x | Upstart | 6/27/2025 | 40121 | 40121 | 38920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5544401, 28.380%, 6/24/2030 †§x | Upstart | 6/27/2025 | 21492 | 21492 | 20177 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5552416, 26.250%, 6/25/2030 †§x | Upstart | 6/30/2025 | 27907 | 27907 | 26261 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5552585, 20.780%, 6/25/2030 †§x | Upstart | 6/30/2025 | 22980 | 23054 | 22012 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5555947, 24.120%, 6/26/2030 †§x# | Upstart | 7/01/2025 | 42582 | 42582 | 40747 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5557511, 30.630%, 6/26/2030 †x# | Upstart | 7/01/2025 | 32651 | 32651 | 30435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5562451, 30.240%, 6/27/2030 †§x | Upstart | 7/02/2025 | 22776 | 22848 | 21229 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5563490, 21.950%, 7/01/2030 †§x | Upstart | 7/03/2025 | 31722 | 31722 | 30827 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5565458, 13.320%, 7/01/2030 †x# | Upstart | 7/03/2025 | 23766 | 23766 | 23714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5568352, 28.520%, 7/01/2030 †§x | Upstart | 7/03/2025 | 36377 | 36377 | 34310 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5568393, 27.290%, 7/01/2030 †§x | Upstart | 7/03/2025 | 28566 | 28566 | 27740 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5707103, 30.870%, 7/24/2028 †x | Upstart | 7/29/2025 | 29820 | 29910 | 28332 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5710508, 17.400%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 25864 | 25864 | 25474 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5711422, 18.840%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 20982 | 20982 | 20646 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5712498, 31.930%, 7/25/2030 †x# | Upstart | 7/30/2025 | 23907 | 23907 | 22700 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5713284, 25.480%, 7/27/2030 †x◇ | Upstart | 7/30/2025 | 42772 | 42772 | 40905 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5715960, 27.500%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 37262 | 37262 | 35387 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5715989, 23.340%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 25189 | 25189 | 24483 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**260** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5728105, 12.580%, 8/01/2030 †§x | Upstart | 8/01/2025 | $25966 | $25966 | $25954 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5728119, 19.170%, 8/01/2030 †§x | Upstart | 8/01/2025 | 34486 | 34486 | 33935 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5728166, 30.750%, 8/01/2030 †§x | Upstart | 8/01/2025 | 23188 | 23188 | 21983 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5728242, 13.500%, 8/01/2030 †§x | Upstart | 8/01/2025 | 27410 | 27410 | 26973 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5734055, 18.690%, 8/01/2030 †§x | Upstart | 8/04/2025 | 27679 | 27679 | 27236 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5735645, 18.860%, 8/01/2030 †x | Upstart | 8/04/2025 | 32005 | 32005 | 31226 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5736048, 16.470%, 8/01/2030 †§x | Upstart | 8/04/2025 | 31860 | 31860 | 31351 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5746019, 28.520%, 8/01/2030 †§x | Upstart | 8/05/2025 | 28338 | 28338 | 26863 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5793473, 14.090%, 8/11/2030 †§x | Upstart | 8/14/2025 | 32981 | 32981 | 32454 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5805267, 20.880%, 1/11/2031 †x# | Upstart | 8/14/2025 | 23443 | 23443 | 23045 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5806208, 31.100%, 8/11/2030 †x | Upstart | 8/14/2025 | 23416 | 23416 | 22223 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5807549, 17.620%, 8/11/2030 †§x | Upstart | 8/14/2025 | 47028 | 47028 | 46265 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5807910, 21.670%, 8/11/2030 †x | Upstart | 8/14/2025 | 43146 | 43146 | 42428 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5822180, 30.590%, 8/14/2030 †§x | Upstart | 8/19/2025 | 23160 | 23160 | 22018 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5822279, 28.810%, 8/14/2030 †§x | Upstart | 8/19/2025 | 23531 | 23531 | 22876 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5824558, 28.860%, 8/15/2028 †§x | Upstart | 8/20/2025 | 30749 | 30749 | 27998 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5825329, 31.070%, 8/14/2030 †§x | Upstart | 8/19/2025 | 33080 | 33080 | 31317 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5827144, 14.630%, 8/15/2030 †§x | Upstart | 8/20/2025 | 25111 | 25111 | 24724 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5827979, 14.190%, 8/19/2030 †x | Upstart | 8/22/2025 | 34861 | 34861 | 34347 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5835904, 29.150%, 8/22/2030 †x | Upstart | 8/27/2025 | 21445 | 21445 | 20479 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5835925, 28.710%, 8/18/2030 †§x | Upstart | 8/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21783 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5837644, 28.940%, 8/18/2030 †§x | Upstart | 8/21/2025 | 32968 | 32968 | 31414 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5838004, 28.400%, 8/18/2030 †§x | Upstart | 8/21/2025 | 33992 | 33992 | 32257 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5839695, 31.850%, 8/18/2030 †§x# | Upstart | 8/21/2025 | 33628 | 33628 | 30653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5839924, 15.140%, 8/18/2030 †§x | Upstart | 8/21/2025 | 21412 | 21477 | 21091 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5842431, 18.350%, 8/19/2030 †x | Upstart | 8/22/2025 | 30533 | 30533 | 30072 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5843755, 18.630%, 8/19/2030 †§x | Upstart | 8/22/2025 | 21271 | 21271 | 20801 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5843819, 6.000%, 8/19/2030 †x | Upstart | 8/22/2025 | 35807 | 35807 | 34856 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5844649, 26.190%, 8/19/2030 †§x | Upstart | 8/22/2025 | 32723 | 32723 | 31788 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5844929, 24.150%, 8/19/2030 †x# | Upstart | 8/22/2025 | 21755 | 21755 | 20662 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5845221, 16.720%, 8/19/2030 †§x | Upstart | 8/22/2025 | 32614 | 32614 | 32088 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5854799, 30.640%, 1/21/2031 †x# | Upstart | 8/26/2025 | 22765 | 22765 | 22561 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5855227, 25.140%, 1/21/2031 †x# | Upstart | 8/26/2025 | 26897 | 26897 | 26632 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5856521, 22.180%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 35293 | 35293 | 34411 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5858536, 13.450%, 8/22/2030 †x◇ | Upstart | 8/27/2025 | 26299 | 26299 | 26277 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5867832, 20.870%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 29028 | 29028 | 28299 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5868004, 31.320%, 8/25/2030 †x#◇ | Upstart | 8/28/2025 | 26305 | 26305 | 25269 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5869304, 27.440%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 28270 | 28270 | 27513 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5869754, 14.030%, 8/25/2028 †x | Upstart | 8/28/2025 | 31562 | 31562 | 31301 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5877581, 17.440%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 20758 | 20758 | 20270 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5878550, 20.410%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 31962 | 31962 | 31458 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5975752, 22.380%, 9/17/2030 †x | Upstart | 9/22/2025 | 26013 | 26013 | 25452 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5983177, 18.320%, 9/18/2030 †§x | Upstart | 9/23/2025 | 26620 | 26620 | 26251 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5988348, 30.610%, 9/19/2030 †x◇ | Upstart | 9/24/2025 | 24059 | 24059 | 23047 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5991318, 26.760%, 9/22/2028 †x◇ | Upstart | 9/25/2025 | 38098 | 38098 | 36455 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5991335, 17.940%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 22344 | 22344 | 22049 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5998436, 17.310%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 26485 | 26485 | 26137 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5998691, 11.750%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 37403 | 37403 | 37411 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW5998762, 20.910%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 32701 | 32701 | 31987 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6004583, 23.430%, 9/26/2030 †x#◇ | Upstart | 10/01/2025 | 47515 | 47515 | 46510 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6005521, 21.110%, 9/23/2028 †x◇ | Upstart | 9/26/2025 | 44728 | 44728 | 43546 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6027346, 22.010%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 37304 | 37304 | 36737 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6029068, 30.030%, 10/01/2030 †x# | Upstart | 10/02/2025 | 21812 | 21812 | 20693 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6029280, 25.060%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 25127 | 25127 | 24836 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6031294, 20.140%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 33121 | 33121 | 32321 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6033083, 28.330%, 10/01/2028 †x◇ | Upstart | 10/03/2025 | 40274 | 40274 | 38841 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**261** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6033169, 21.120%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | $26479 | $26479 | $26080 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6037393, 29.580%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 25636 | 25636 | 24322 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6040572, 32.510%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 31453 | 31453 | 30307 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6042466, 12.550%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42162 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6042860, 24.480%, 10/01/2028 †x◇ | Upstart | 10/03/2025 | 30740 | 30835 | 29517 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6044970, 24.180%, 10/05/2030 †x◇ | Upstart | 10/03/2025 | 29043 | 29043 | 27995 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6197454, 22.420%, 11/01/2030 †x# | Upstart | 11/03/2025 | 24283 | 24283 | 23546 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6327036, 23.470%, 11/21/2030 †§x | Upstart | 11/26/2025 | 48463 | 48463 | 47319 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6698104, 16.690%, 1/28/2031 †§x | Upstart | 2/04/2026 | 26653 | 26653 | 26420 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6699131, 29.640%, 1/28/2031 †x# | Upstart | 2/04/2026 | 36600 | 36600 | 36005 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6778430, 29.770%, 2/17/2031 †§x | Upstart | 2/20/2026 | 21200 | 21200 | 21033 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6785606, 16.380%, 2/17/2031 †§x | Upstart | 2/20/2026 | 23600 | 23600 | 23528 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6786833, 30.030%, 2/17/2031 †§x | Upstart | 2/20/2026 | 22200 | 22200 | 22025 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6791017, 20.430%, 2/23/2031 †x | Upstart | 2/26/2026 | 21100 | 21100 | 21037 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6793905, 18.690%, 2/18/2031 †§x | Upstart | 2/23/2026 | 20300 | 20300 | 20214 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6795454, 17.480%, 2/18/2031 †§x | Upstart | 2/23/2026 | 31500 | 31500 | 31405 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6798327, 28.860%, 2/19/2031 †§x | Upstart | 2/24/2026 | 21800 | 21800 | 21653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6807256, 16.410%, 2/20/2031 †§x | Upstart | 2/25/2026 | 35000 | 35000 | 34909 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6809876, 14.260%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 22500 | 22500 | 22456 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6815380, 28.980%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 29100 | 29100 | 28963 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW6816941, 16.270%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 31500 | 31500 | 31433 |
| &nbsp;&nbsp;&nbsp;&nbsp; L1561754, 19.970%, 8/12/2028 †x | Upstart | 8/17/2021 | 26134 | 26134 | 25940 |
| &nbsp;&nbsp;&nbsp;&nbsp; L1800072, 26.600%, 10/04/2028 †x# | Upstart | 10/07/2021 | 28163 | 28163 | 27930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L1973441, 17.640%, 11/04/2028 †x◇ | Upstart | 11/09/2021 | 24333 | 24333 | 24060 |
| &nbsp;&nbsp;&nbsp;&nbsp; L1989070, 18.430%, 9/09/2029 †x | Upstart | 11/15/2021 | 20577 | 20577 | 20307 |
| &nbsp;&nbsp;&nbsp;&nbsp; L2402909, 24.050%, 6/25/2027 †x | Upstart | 1/13/2022 | 26897 | 26897 | 26369 |
| &nbsp;&nbsp;&nbsp;&nbsp; L2682781, 9.540%, 8/22/2027 †x# | Upstart | 2/28/2022 | 22982 | 22982 | 22310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L2802761, 19.340%, 8/16/2027 †x | Upstart | 3/21/2022 | 30447 | 30447 | 28498 |
| &nbsp;&nbsp;&nbsp;&nbsp; L2828005, 18.320%, 8/21/2027 †x# | Upstart | 3/24/2022 | 24754 | 24754 | 24542 |
| &nbsp;&nbsp;&nbsp;&nbsp; L2901281, 18.170%, 4/05/2029 †x | Upstart | 4/08/2022 | 30388 | 30388 | 30114 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3039181, 19.860%, 10/18/2027 †x | Upstart | 5/06/2022 | 28097 | 28097 | 26234 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3123099, 10.070%, 10/23/2027 †x# | Upstart | 5/26/2022 | 25636 | 25636 | 25191 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3135315, 12.690%, 10/25/2027 †x# | Upstart | 5/31/2022 | 21750 | 21750 | 21427 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3187538, 16.430%, 11/07/2027 †x | Upstart | 6/10/2022 | 21910 | 21910 | 21532 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3193745, 20.300%, 4/20/2028 †x | Upstart | 6/13/2022 | 21660 | 21660 | 21646 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3204145, 23.830%, 11/10/2027 †x# | Upstart | 6/15/2022 | 32588 | 32588 | 31227 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3257877, 11.790%, 12/06/2027 †x | Upstart | 7/11/2022 | 21511 | 21511 | 21130 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3287594, 24.140%, 8/02/2027 †x#◇ | Upstart | 7/21/2022 | 22203 | 22203 | 22468 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3288490, 18.620%, 12/18/2027 †x | Upstart | 7/21/2022 | 24754 | 24754 | 24089 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291439, 18.710%, 5/26/2028 †x | Upstart | 7/22/2022 | 20471 | 20471 | 20481 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3416848, 14.960%, 9/16/2027 †§x | Upstart | 9/15/2022 | 20036 | 19798 | 20019 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3418431, 16.750%, 9/18/2027 †§x | Upstart | 9/15/2022 | 20562 | 20310 | 20540 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3420013, 21.870%, 9/14/2027 †§x | Upstart | 9/19/2022 | 20013 | 19752 | 20237 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3426016, 25.590%, 9/14/2027 †§x | Upstart | 9/19/2022 | 23232 | 22916 | 23473 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3427368, 19.900%, 9/15/2027 †§x | Upstart | 9/20/2022 | 21642 | 21366 | 21058 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3427734, 22.460%, 2/15/2028 †x | Upstart | 9/20/2022 | 23192 | 22796 | 23574 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3434174, 19.030%, 9/19/2027 †§x | Upstart | 9/22/2022 | 21239 | 20971 | 21243 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3434308, 24.670%, 9/19/2027 †§x# | Upstart | 9/22/2022 | 21217 | 20977 | 20557 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3434322, 20.800%, 9/19/2027 †§x | Upstart | 9/22/2022 | 23247 | 22955 | 22650 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3434799, 27.120%, 3/19/2028 †x | Upstart | 9/22/2022 | 31870 | 31233 | 32759 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3437953, 15.270%, 2/20/2028 †x# | Upstart | 9/23/2022 | 30172 | 29732 | 28562 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3438983, 16.140%, 2/21/2028 †x# | Upstart | 9/26/2022 | 23519 | 23169 | 23535 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3439900, 19.230%, 3/02/2028 †x# | Upstart | 9/23/2022 | 23432 | 23049 | 23940 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3445839, 23.820%, 9/22/2027 †§x | Upstart | 9/27/2022 | 22494 | 22189 | 22901 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3470021, 15.600%, 3/03/2028 †x | Upstart | 10/06/2022 | 26402 | 26022 | 26328 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3473459, 22.690%, 10/03/2027 †§x | Upstart | 10/06/2022 | 23172 | 22857 | 23478 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**262** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3475426, 27.430%, 10/03/2027 †§x | Upstart | 10/06/2022 | $20479 | $20185 | $20723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3478525, 18.940%, 10/05/2027 †§x | Upstart | 10/11/2022 | 22101 | 21795 | 22039 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3479537, 21.050%, 10/05/2027 †§x | Upstart | 10/11/2022 | 21965 | 21306 | 22269 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3480534, 19.990%, 10/05/2027 †§x | Upstart | 10/11/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20218 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3592724, 21.810%, 11/28/2027 †§x# | Upstart | 12/01/2022 | 24745 | 24387 | 24639 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3593513, 20.410%, 4/28/2028 †x# | Upstart | 12/01/2022 | 23508 | 23098 | 23840 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3594302, 21.470%, 10/01/2028 †x# | Upstart | 12/01/2022 | 20229 | 19736 | 20492 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3594543, 12.260%, 4/28/2028 †x# | Upstart | 12/01/2022 | 23636 | 23283 | 23641 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3594636, 15.190%, 11/28/2027 †§x | Upstart | 12/01/2022 | 21055 | 20424 | 20966 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3594843, 11.250%, 11/28/2027 †§x# | Upstart | 12/01/2022 | 21502 | 21232 | 21510 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3594975, 17.220%, 11/28/2027 †§x# | Upstart | 12/01/2022 | 22430 | 22135 | 22337 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3595784, 10.570%, 11/28/2027 †§x | Upstart | 12/01/2022 | 20934 | 20446 | 20943 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3596244, 10.580%, 12/01/2027 †§x | Upstart | 12/01/2022 | 20965 | 20474 | 20974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3596721, 10.710%, 11/28/2027 †§x# | Upstart | 12/01/2022 | 21403 | 21136 | 21420 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3597935, 14.400%, 12/01/2027 †§x | Upstart | 12/02/2022 | 20387 | 20118 | 20297 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3598267, 19.380%, 5/01/2028 †x | Upstart | 12/02/2022 | 28845 | 28378 | 28711 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3599008, 17.060%, 12/01/2027 †§x | Upstart | 12/02/2022 | 23459 | 23139 | 23354 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3601252, 16.300%, 12/01/2027 †§x | Upstart | 12/05/2022 | 23189 | 22875 | 23085 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3601479, 24.360%, 5/01/2028 †x# | Upstart | 12/05/2022 | 22938 | 22590 | 23620 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3601582, 11.000%, 12/01/2027 †§x | Upstart | 12/05/2022 | 21601 | 21329 | 21626 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3635969, 14.670%, 1/01/2028 †§x | Upstart | 1/05/2023 | 22199 | 21894 | 22175 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3642644, 24.420%, 12/27/2027 †§x | Upstart | 12/30/2022 | 20793 | 20471 | 21005 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3643657, 21.820%, 12/27/2027 †§x# | Upstart | 12/30/2022 | 23546 | 23193 | 24055 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3644092, 19.780%, 12/27/2027 †§x | Upstart | 12/30/2022 | 24176 | 23823 | 24068 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3644770, 10.710%, 12/28/2027 †§x | Upstart | 1/03/2023 | 21247 | 20971 | 21265 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3644943, 14.610%, 1/01/2028 †§x | Upstart | 1/04/2023 | 23672 | 23346 | 23572 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3645402, 14.080%, 12/28/2027 †§x# | Upstart | 1/03/2023 | 23378 | 23060 | 23379 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3646061, 18.960%, 1/01/2028 †§x | Upstart | 1/04/2023 | 23465 | 23124 | 23748 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3646302, 10.290%, 1/01/2028 †§x | Upstart | 1/04/2023 | 22296 | 22006 | 22325 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3646974, 21.690%, 1/01/2028 †x | Upstart | 1/05/2023 | 24193 | 23827 | 24470 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3648320, 24.170%, 1/03/2028 †§x | Upstart | 1/06/2023 | 26212 | 25819 | 26487 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3648687, 11.040%, 1/03/2028 †§x | Upstart | 1/06/2023 | 20213 | 19947 | 20222 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3649250, 19.580%, 1/03/2028 †§x | Upstart | 1/06/2023 | 24991 | 24623 | 24880 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3649289, 19.500%, 6/03/2028 †x | Upstart | 1/06/2023 | 20495 | 20134 | 20807 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3649680, 23.300%, 11/03/2028 †x# | Upstart | 1/06/2023 | 36398 | 36130 | 37097 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3660472, 12.640%, 1/13/2028 †x◇ | Upstart | 1/19/2023 | 20414 | 20182 | 20429 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3660585, 17.970%, 1/13/2028 †x◇ | Upstart | 1/19/2023 | 22389 | 22154 | 22337 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3661098, 17.410%, 1/17/2028 †x◇ | Upstart | 1/20/2023 | 24350 | 24055 | 24318 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3661187, 16.320%, 1/13/2028 †x◇ | Upstart | 1/19/2023 | 23593 | 23312 | 23542 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3661199, 22.090%, 1/17/2028 †x◇ | Upstart | 1/20/2023 | 24194 | 23884 | 24589 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3664934, 21.410%, 1/18/2028 †x◇ | Upstart | 1/23/2023 | 25924 | 25276 | 24603 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3665545, 22.410%, 1/19/2028 †x◇ | Upstart | 1/25/2023 | 23447 | 23144 | 23844 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3665801, 18.190%, 1/19/2028 †x◇ | Upstart | 1/25/2023 | 20917 | 20660 | 20894 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3666024, 18.190%, 1/27/2028 †x◇ | Upstart | 1/25/2023 | 24703 | 24397 | 24670 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3666515, 13.990%, 1/20/2028 †x◇ | Upstart | 1/25/2023 | 23336 | 23064 | 23329 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3667658, 17.510%, 1/28/2028 †x#◇ | Upstart | 1/26/2023 | 25352 | 25066 | 25408 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3669360, 19.560%, 1/23/2028 †x◇ | Upstart | 1/26/2023 | 22736 | 22451 | 23209 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3670664, 18.450%, 1/25/2028 †x◇ | Upstart | 1/30/2023 | 24717 | 24403 | 24719 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3671177, 15.310%, 1/25/2028 †x◇ | Upstart | 1/30/2023 | 23729 | 23446 | 23743 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3671219, 21.950%, 1/25/2028 †x◇ | Upstart | 1/30/2023 | 27083 | 26734 | 27071 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3695280, 23.700%, 7/27/2028 †x | Upstart | 3/02/2023 | 27496 | 27100 | 27897 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3704246, 18.700%, 2/27/2028 †x◇ | Upstart | 3/02/2023 | 23740 | 23433 | 24229 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3704734, 21.960%, 2/27/2028 †x◇ | Upstart | 3/02/2023 | 25197 | 24857 | 25697 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3704742, 12.610%, 2/27/2028 †x◇ | Upstart | 3/02/2023 | 23786 | 23500 | 23836 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3704949, 14.830%, 2/28/2028 †x◇ | Upstart | 3/03/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23142 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3705174, 11.600%, 2/27/2028 †x#◇ | Upstart | 3/02/2023 | 22288 | 22023 | 22339 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**263** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3705482, 23.810%, 7/27/2028 †x | Upstart | 3/02/2023 | $30407 | $29901 | $30815 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3705613, 13.750%, 7/27/2028 †x | Upstart | 3/02/2023 | 23432 | 23101 | 23469 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3706406, 11.120%, 2/27/2028 †x◇ | Upstart | 3/02/2023 | 23341 | 23066 | 23394 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3707441, 22.400%, 12/28/2028 †x | Upstart | 3/03/2023 | 22870 | 22344 | 23216 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3708239, 15.450%, 2/28/2028 †x#◇ | Upstart | 3/03/2023 | 23166 | 22877 | 23164 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3708310, 20.790%, 2/28/2028 †x#◇ | Upstart | 3/03/2023 | 24368 | 24044 | 24690 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3708423, 16.090%, 2/28/2028 †x#◇ | Upstart | 3/03/2023 | 25283 | 24965 | 25279 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3708520, 24.350%, 2/28/2028 †x#◇ | Upstart | 3/03/2023 | 24763 | 24433 | 25102 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3708526, 12.340%, 2/28/2028 †x#◇ | Upstart | 3/03/2023 | 24571 | 24277 | 24569 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3709763, 13.370%, 3/01/2028 †x◇ | Upstart | 3/06/2023 | 23991 | 23715 | 23982 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3709961, 16.400%, 3/01/2028 †x◇ | Upstart | 3/06/2023 | 21115 | 20852 | 21108 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3710935, 13.320%, 3/02/2028 †x◇ | Upstart | 3/07/2023 | 23734 | 23450 | 23728 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3711024, 23.310%, 3/09/2028 †x#◇ | Upstart | 3/07/2023 | 23882 | 23619 | 23858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3711042, 14.510%, 3/02/2028 †x◇ | Upstart | 3/07/2023 | 25303 | 24996 | 25308 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3711562, 10.560%, 3/02/2028 †x◇ | Upstart | 3/07/2023 | 24088 | 23809 | 24136 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3711737, 24.360%, 1/02/2029 †x | Upstart | 3/07/2023 | 21841 | 21346 | 22253 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3712420, 13.680%, 3/03/2028 †x#◇ | Upstart | 3/08/2023 | 22175 | 21909 | 22188 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3712608, 21.170%, 3/03/2028 †x◇ | Upstart | 3/08/2023 | 21153 | 20624 | 21448 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3712628, 16.020%, 3/03/2028 †x◇ | Upstart | 3/08/2023 | 22880 | 22604 | 22886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3712715, 20.270%, 3/03/2028 †x◇ | Upstart | 3/08/2023 | 20022 | 19762 | 20241 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3713733, 15.790%, 8/03/2028 †x | Upstart | 3/08/2023 | 24301 | 23945 | 24321 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3713877, 21.850%, 3/03/2028 †x#◇ | Upstart | 3/08/2023 | 24517 | 24193 | 24853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3716335, 16.320%, 3/21/2028 †x#◇ | Upstart | 3/09/2023 | 27379 | 26711 | 27409 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3716923, 18.830%, 3/08/2028 †x◇ | Upstart | 3/13/2023 | 23747 | 23441 | 24120 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3717795, 13.080%, 3/06/2028 †x◇ | Upstart | 3/09/2023 | 24864 | 24565 | 24886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3719116, 21.520%, 3/15/2028 †x◇ | Upstart | 3/10/2023 | 27757 | 27387 | 28187 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3720006, 18.130%, 3/08/2028 †x◇ | Upstart | 3/13/2023 | 21133 | 20864 | 21154 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3720025, 18.650%, 3/08/2028 †x◇ | Upstart | 3/13/2023 | 26534 | 26193 | 26949 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3720347, 14.550%, 3/20/2028 †x◇ | Upstart | 3/13/2023 | 20337 | 20084 | 20368 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3722423, 19.170%, 3/09/2028 †x◇ | Upstart | 3/14/2023 | 26732 | 26386 | 26760 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3724011, 13.000%, 3/10/2028 †x◇ | Upstart | 3/15/2023 | 21813 | 21550 | 21859 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3724908, 23.100%, 3/13/2028 †x◇ | Upstart | 3/16/2023 | 22218 | 21916 | 22589 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3738930, 19.050%, 3/24/2028 †x◇ | Upstart | 3/29/2023 | 21293 | 21012 | 21751 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3739472, 15.220%, 3/28/2028 †x#◇ | Upstart | 3/29/2023 | 26417 | 26083 | 26547 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3739569, 12.290%, 3/24/2028 †x◇ | Upstart | 3/29/2023 | 20881 | 20661 | 20934 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3758853, 17.850%, 4/17/2028 †§x | Upstart | 4/20/2023 | 20902 | 20902 | 20968 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3759373, 16.800%, 4/14/2028 †§x | Upstart | 4/19/2023 | 26624 | 26624 | 26693 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3759488, 18.640%, 9/28/2028 †x# | Upstart | 4/19/2023 | 20514 | 20514 | 20563 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3760109, 10.810%, 4/17/2028 †§x | Upstart | 4/20/2023 | 22751 | 22751 | 22817 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3762249, 13.230%, 4/18/2028 †§x | Upstart | 4/21/2023 | 25573 | 25573 | 25633 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3763534, 16.470%, 4/19/2028 †§x | Upstart | 4/24/2023 | 20809 | 20809 | 20882 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3764650, 15.210%, 4/19/2028 †§x | Upstart | 4/24/2023 | 25543 | 25543 | 25643 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3764887, 22.590%, 9/28/2028 †x# | Upstart | 4/25/2023 | 25255 | 25255 | 25748 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3764962, 12.270%, 4/20/2028 †§x | Upstart | 4/25/2023 | 20213 | 20213 | 20282 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3765210, 14.000%, 4/26/2028 †§x | Upstart | 4/25/2023 | 22396 | 22396 | 22466 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3765529, 14.960%, 4/20/2028 †§x | Upstart | 4/25/2023 | 20755 | 20755 | 20843 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3765946, 16.420%, 9/21/2028 †x# | Upstart | 4/26/2023 | 25241 | 25241 | 25355 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3787089, 23.250%, 8/12/2028 †x | Upstart | 5/11/2023 | 27677 | 27494 | 27880 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3788005, 15.170%, 5/08/2028 †§x | Upstart | 5/11/2023 | 24732 | 24604 | 24649 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3788509, 18.600%, 5/08/2028 †§x# | Upstart | 5/11/2023 | 22339 | 22219 | 22258 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3789573, 13.810%, 5/09/2028 †§x | Upstart | 5/12/2023 | 26793 | 26656 | 26835 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3790553, 11.700%, 5/17/2028 †§x | Upstart | 5/15/2023 | 26152 | 26020 | 26232 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3792024, 15.230%, 5/28/2028 †§x# | Upstart | 5/16/2023 | 28244 | 28094 | 28161 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3792967, 22.840%, 3/11/2029 †x | Upstart | 5/16/2023 | 21137 | 20925 | 21324 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3794103, 10.340%, 5/12/2028 †§x | Upstart | 5/17/2023 | 23680 | 23562 | 23758 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3794660, 23.260%, 5/12/2028 †§x | Upstart | 5/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30095 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**264** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3794706, 10.900%, 5/12/2028 †§x | Upstart | 5/17/2023 | $25900 | $25771 | $25984 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3794826, 10.430%, 5/12/2028 †§x | Upstart | 5/17/2023 | 25755 | 25627 | 25840 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3797378, 14.800%, 5/15/2028 †§x | Upstart | 5/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3797622, 15.950%, 10/28/2028 †x | Upstart | 5/18/2023 | 25458 | 25324 | 25145 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3798160, 12.310%, 5/16/2028 †§x | Upstart | 5/19/2023 | 26269 | 26006 | 26324 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3798636, 16.000%, 5/16/2028 †§x | Upstart | 5/19/2023 | 21214 | 21101 | 21177 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3799406, 17.760%, 5/16/2028 †§x# | Upstart | 5/19/2023 | 23567 | 23440 | 23923 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3800720, 11.910%, 5/17/2028 †§x# | Upstart | 5/22/2023 | 25822 | 25691 | 25880 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3801072, 16.730%, 5/17/2028 †§x | Upstart | 5/22/2023 | 27708 | 27560 | 26238 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3801635, 21.080%, 5/17/2028 †§x | Upstart | 5/22/2023 | 26182 | 26036 | 26615 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3806927, 11.450%, 6/06/2028 †§x | Upstart | 5/25/2023 | 26979 | 26780 | 27093 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3809200, 19.400%, 5/23/2028 †§x | Upstart | 5/26/2023 | 28490 | 28332 | 28470 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3809368, 17.100%, 5/23/2028 †§x | Upstart | 5/26/2023 | 23343 | 23217 | 23330 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3811193, 16.490%, 5/24/2028 †§x | Upstart | 5/30/2023 | 27132 | 26986 | 27126 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3812642, 20.510%, 5/25/2028 †§x# | Upstart | 5/31/2023 | 27948 | 27792 | 28462 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3850642, 19.340%, 6/20/2028 †x◇ | Upstart | 6/23/2023 | 19979 | 19863 | 20233 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3850813, 11.540%, 6/20/2028 †x◇ | Upstart | 6/23/2023 | 26922 | 26780 | 27022 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3851443, 18.850%, 6/20/2028 †x◇ | Upstart | 6/23/2023 | 29147 | 28982 | 29653 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3851924, 20.710%, 11/20/2028 †x# | Upstart | 6/23/2023 | 21960 | 21797 | 20515 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3852331, 16.430%, 6/20/2028 †x◇ | Upstart | 6/23/2023 | 28417 | 28260 | 28383 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3853274, 18.460%, 6/20/2028 †x◇ | Upstart | 6/23/2023 | 24470 | 24332 | 24438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3855101, 11.540%, 4/21/2029 †x# | Upstart | 6/26/2023 | 25730 | 25530 | 25873 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3855610, 22.370%, 6/21/2028 †x◇ | Upstart | 6/26/2023 | 30043 | 29865 | 30574 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3856239, 16.980%, 6/21/2028 †x◇ | Upstart | 6/26/2023 | 28579 | 28420 | 28549 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3856518, 16.570%, 6/21/2028 †x◇ | Upstart | 6/26/2023 | 28469 | 28185 | 28442 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3857644, 14.150%, 6/22/2028 †x◇ | Upstart | 6/27/2023 | 23246 | 23014 | 23318 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3859012, 22.440%, 6/23/2028 †x◇ | Upstart | 6/28/2023 | 27288 | 27127 | 27720 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3859706, 16.600%, 6/23/2028 †x#◇ | Upstart | 6/28/2023 | 29634 | 29462 | 29613 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3860102, 16.860%, 6/23/2028 †x#◇ | Upstart | 6/28/2023 | 23636 | 23509 | 23617 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3861693, 14.370%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | 22234 | 22113 | 22313 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3861793, 18.070%, 6/26/2028 †x◇ | Upstart | 6/29/2023 | 28931 | 28765 | 28933 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3861855, 21.920%, 7/01/2028 †x#◇ | Upstart | 6/29/2023 | 30958 | 30774 | 31295 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3864171, 19.850%, 7/28/2028 †x#◇ | Upstart | 6/30/2023 | 28505 | 28336 | 28357 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3864253, 14.880%, 6/27/2028 †x◇ | Upstart | 6/30/2023 | 23117 | 22990 | 23129 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3864320, 17.780%, 11/27/2028 †x# | Upstart | 6/30/2023 | 38989 | 38753 | 38399 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3864328, 11.900%, 6/27/2028 †x◇ | Upstart | 6/30/2023 | 27031 | 26887 | 27090 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3864386, 10.150%, 6/27/2028 †x◇ | Upstart | 6/30/2023 | 22964 | 22844 | 23061 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3864453, 17.410%, 11/27/2028 †x | Upstart | 6/30/2023 | 21097 | 20973 | 20989 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3864458, 19.100%, 6/27/2028 †x◇ | Upstart | 6/30/2023 | 29219 | 29051 | 29540 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3865022, 19.630%, 6/27/2028 †x#◇ | Upstart | 6/30/2023 | 30108 | 29935 | 30728 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3870769, 20.750%, 7/28/2028 †§x# | Upstart | 7/10/2023 | 20421 | 20237 | 20677 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3873833, 23.200%, 7/05/2028 †§x | Upstart | 7/10/2023 | 24958 | 24733 | 25095 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3874568, 19.330%, 8/05/2028 †x | Upstart | 7/10/2023 | 21537 | 21343 | 21814 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3876517, 17.340%, 7/06/2028 †§x | Upstart | 7/11/2023 | 23628 | 23416 | 23528 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3877520, 23.150%, 12/07/2028 †x# | Upstart | 7/12/2023 | 26353 | 26093 | 26554 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3879031, 16.490%, 7/10/2028 †x◇ | Upstart | 7/13/2023 | 20188 | 20034 | 20124 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3879681, 13.180%, 7/10/2028 †x◇ | Upstart | 7/13/2023 | 20019 | 19868 | 20075 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3880075, 11.530%, 7/10/2028 †x◇ | Upstart | 7/13/2023 | 22543 | 22374 | 22612 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3882543, 11.810%, 7/11/2028 †§x | Upstart | 7/14/2023 | 27854 | 27606 | 27962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3894385, 15.260%, 7/20/2028 †§x | Upstart | 7/25/2023 | 28907 | 28648 | 28874 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3894577, 20.100%, 7/20/2028 †§x | Upstart | 7/25/2023 | 30358 | 30085 | 30311 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3901523, 22.210%, 7/26/2028 †§x | Upstart | 7/31/2023 | 30629 | 30344 | 31010 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3901591, 11.730%, 7/26/2028 †§x | Upstart | 7/31/2023 | 27591 | 27345 | 27715 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3901791, 11.150%, 7/26/2028 †§x | Upstart | 7/31/2023 | 25159 | 24934 | 25274 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3901908, 17.280%, 12/26/2028 †x | Upstart | 7/31/2023 | 25464 | 25226 | 25327 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3901951, 14.070%, 7/26/2028 †x#◇ | Upstart | 7/31/2023 | 28547 | 28329 | 28666 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**265** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3902035, 16.800%, 7/26/2028 †§x | Upstart | 7/31/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20734 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20547 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20737 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3902193, 22.510%, 1/16/2029 †x# | Upstart | 7/31/2023 | 21810 | 21600 | 21932 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3902340, 13.430%, 7/26/2028 †x#◇ | Upstart | 7/31/2023 | 28346 | 28131 | 28468 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3930560, 11.050%, 9/01/2028 †§x# | Upstart | 9/01/2023 | 28422 | 28294 | 28548 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3932647, 14.070%, 8/21/2028 †§x | Upstart | 8/24/2023 | 29237 | 29090 | 29213 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3934214, 20.430%, 8/18/2028 †§x | Upstart | 8/23/2023 | 30907 | 30773 | 30838 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3935479, 20.800%, 8/21/2028 †§x | Upstart | 8/24/2023 | 31344 | 31204 | 31884 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3935506, 17.010%, 8/21/2028 †§x | Upstart | 8/24/2023 | 30231 | 30095 | 30192 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3935708, 17.690%, 8/21/2028 †§x | Upstart | 8/24/2023 | 22516 | 22415 | 22486 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3936447, 11.000%, 8/21/2028 †§x | Upstart | 8/24/2023 | 25521 | 25407 | 25637 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3936505, 19.920%, 8/21/2028 †§x | Upstart | 8/24/2023 | 23318 | 23214 | 23723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3937256, 17.830%, 8/21/2028 †§x | Upstart | 8/24/2023 | 30244 | 30109 | 30208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3937330, 20.340%, 8/28/2028 †§x# | Upstart | 8/24/2023 | 25691 | 25571 | 25640 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3938363, 18.320%, 8/21/2028 †§x | Upstart | 8/24/2023 | 24497 | 24387 | 24463 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3939279, 20.470%, 8/22/2028 †x◇ | Upstart | 8/25/2023 | 19966 | 19888 | 20171 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3939294, 14.230%, 8/22/2028 †x#◇ | Upstart | 8/25/2023 | 29344 | 29227 | 29326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3941061, 18.190%, 1/23/2029 †x | Upstart | 8/28/2023 | 25650 | 25533 | 25598 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3941273, 18.420%, 8/23/2028 †§x | Upstart | 8/28/2023 | 24348 | 24239 | 24315 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3942734, 14.680%, 8/24/2028 †§x | Upstart | 8/29/2023 | 28990 | 28860 | 28980 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3943016, 22.910%, 8/24/2028 †§x | Upstart | 8/29/2023 | 26106 | 25986 | 26403 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3944020, 10.760%, 8/25/2028 †x◇ | Upstart | 8/30/2023 | 28156 | 28050 | 28292 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3944395, 17.950%, 8/25/2028 †§x# | Upstart | 8/30/2023 | 31171 | 31028 | 31774 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3944441, 20.120%, 1/25/2029 †x | Upstart | 8/30/2023 | 25785 | 25659 | 25388 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3944493, 10.330%, 8/25/2028 †§x | Upstart | 8/30/2023 | 28212 | 28086 | 28358 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3944572, 13.560%, 9/02/2028 †x#◇ | Upstart | 8/30/2023 | 21545 | 21461 | 21659 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3944718, 17.650%, 8/25/2028 †§x | Upstart | 8/30/2023 | 20075 | 19985 | 20066 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3945195, 20.990%, 8/25/2028 †§x | Upstart | 8/30/2023 | 31283 | 31139 | 31682 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3945863, 13.410%, 8/28/2028 †x#◇ | Upstart | 8/31/2023 | 22829 | 22741 | 22894 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3949001, 17.050%, 9/01/2028 †§x# | Upstart | 9/01/2023 | 28715 | 28582 | 28556 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3949376, 16.430%, 7/01/2029 †x# | Upstart | 9/01/2023 | 26972 | 26837 | 26809 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3949452, 23.330%, 9/05/2028 †§x | Upstart | 9/01/2023 | 23175 | 23068 | 23430 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3986666, 21.750%, 9/22/2028 †§x | Upstart | 9/27/2023 | 21947 | 21848 | 22212 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3987376, 18.350%, 11/22/2028 †x | Upstart | 9/27/2023 | 30116 | 29979 | 30028 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3988089, 11.710%, 9/25/2028 †§x | Upstart | 9/28/2023 | 20649 | 20546 | 20765 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3988139, 14.870%, 9/25/2028 †§x# | Upstart | 9/28/2023 | 26255 | 26134 | 26245 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3988275, 18.450%, 2/25/2029 †x# | Upstart | 9/28/2023 | 24903 | 24782 | 24828 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3988788, 22.650%, 9/25/2028 †x◇ | Upstart | 9/28/2023 | 32498 | 32365 | 33104 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3989000, 23.310%, 9/25/2028 †§x | Upstart | 9/28/2023 | 24936 | 24822 | 25256 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3989208, 16.310%, 9/27/2028 †§x | Upstart | 9/28/2023 | 27571 | 27445 | 27539 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3989894, 19.100%, 9/25/2028 †§x | Upstart | 9/28/2023 | 31540 | 31397 | 32149 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3991043, 15.630%, 2/25/2029 †x | Upstart | 9/28/2023 | 33303 | 33145 | 33237 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3991790, 17.250%, 9/26/2028 †§x | Upstart | 9/29/2023 | 30472 | 30335 | 30465 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3991844, 22.260%, 9/26/2028 †§x# | Upstart | 9/29/2023 | 33884 | 33720 | 34080 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3991899, 17.150%, 9/26/2028 †§x | Upstart | 9/29/2023 | 30742 | 30603 | 30735 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3991965, 18.110%, 9/26/2028 †§x | Upstart | 9/29/2023 | 20241 | 20150 | 20235 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3992224, 11.360%, 9/26/2028 †§x | Upstart | 9/29/2023 | 29311 | 29179 | 29460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3992273, 15.370%, 9/26/2028 †§x | Upstart | 9/29/2023 | 24258 | 24148 | 24373 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3992320, 23.750%, 7/26/2029 †x# | Upstart | 9/29/2023 | 39338 | 39142 | 39031 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3992608, 20.970%, 9/26/2028 †§x | Upstart | 9/29/2023 | 21809 | 21710 | 21795 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3992718, 18.910%, 9/28/2028 †§x# | Upstart | 10/03/2023 | 32129 | 31981 | 31956 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3993802, 23.450%, 9/27/2028 †§x | Upstart | 10/02/2023 | 31548 | 31404 | 31358 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3993885, 18.860%, 10/01/2028 †§x | Upstart | 10/04/2023 | 32436 | 32288 | 32732 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3994039, 19.680%, 9/27/2028 †x◇ | Upstart | 10/02/2023 | 20941 | 20857 | 21342 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3994099, 17.530%, 9/27/2028 †§x | Upstart | 10/02/2023 | 27808 | 27682 | 27798 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3994881, 12.210%, 9/27/2028 †§x | Upstart | 10/02/2023 | 26322 | 26202 | 26463 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3995431, 18.700%, 9/28/2028 †§x | Upstart | 10/03/2023 | 32346 | 32202 | 32160 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**266** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3995464, 14.280%, 9/28/2028 †§x# | Upstart | 10/03/2023 | $31005 | $30865 | $30833 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3995590, 17.060%, 9/28/2028 †§x# | Upstart | 10/03/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22246 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3995699, 15.670%, 9/28/2028 †§x# | Upstart | 10/03/2023 | 29177 | 29043 | 29021 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3995789, 16.740%, 9/28/2028 †§x | Upstart | 10/03/2023 | 24558 | 24447 | 24429 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3996110, 19.530%, 9/28/2028 †x#◇ | Upstart | 10/03/2023 | 28943 | 28829 | 29231 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3996963, 24.370%, 10/09/2028 †x◇ | Upstart | 10/04/2023 | 23799 | 23698 | 23879 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3996975, 15.780%, 10/01/2028 †§x | Upstart | 10/04/2023 | 20513 | 20420 | 20402 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3997131, 18.390%, 10/01/2028 †§x | Upstart | 10/04/2023 | 22917 | 22810 | 22780 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3997316, 21.060%, 10/01/2028 †x#◇ | Upstart | 10/04/2023 | 22426 | 22337 | 22542 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3997878, 18.710%, 10/01/2028 †§x# | Upstart | 10/04/2023 | 32369 | 32220 | 32171 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4009960, 15.620%, 10/10/2028 †§x | Upstart | 10/13/2023 | 30363 | 30211 | 30252 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4011163, 16.360%, 10/15/2028 †§x | Upstart | 10/13/2023 | 31750 | 31607 | 31622 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4014085, 6.000%, 10/17/2028 †x | Upstart | 10/13/2023 | 22795 | 22693 | 22881 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4015946, 12.470%, 10/11/2028 †§x | Upstart | 10/16/2023 | 27417 | 27293 | 27535 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4015966, 16.640%, 10/11/2028 †§x | Upstart | 10/16/2023 | 28670 | 28540 | 28558 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4016472, 17.470%, 10/11/2028 †x◇ | Upstart | 10/16/2023 | 22169 | 22082 | 22082 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4019710, 20.840%, 10/19/2028 †§x | Upstart | 10/24/2023 | 29767 | 29632 | 30109 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4024882, 20.190%, 10/17/2028 †§x# | Upstart | 10/20/2023 | 21985 | 21884 | 22335 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4027100, 19.140%, 10/18/2028 †§x | Upstart | 10/23/2023 | 21358 | 21251 | 21715 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4027251, 20.270%, 10/18/2028 †§x | Upstart | 10/23/2023 | 32752 | 32604 | 33120 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4027527, 14.780%, 10/18/2028 †§x | Upstart | 10/23/2023 | 24874 | 24761 | 24828 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4038369, 21.330%, 10/25/2028 †§x | Upstart | 10/30/2023 | 31925 | 31779 | 31882 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4038430, 23.470%, 10/25/2028 †x◇ | Upstart | 10/30/2023 | 29207 | 29090 | 29571 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4038491, 17.640%, 10/25/2028 †§x# | Upstart | 10/30/2023 | 31571 | 31434 | 31546 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4038613, 19.740%, 10/25/2028 †x◇ | Upstart | 10/30/2023 | 32593 | 32464 | 33178 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4038858, 19.490%, 10/25/2028 †§x | Upstart | 10/30/2023 | 29278 | 29145 | 29804 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4039077, 21.410%, 10/26/2028 †x◇ | Upstart | 10/31/2023 | 32981 | 32849 | 33438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4039101, 18.330%, 10/26/2028 †§x | Upstart | 10/31/2023 | 22321 | 22217 | 22753 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4039227, 18.860%, 10/26/2028 †§x | Upstart | 10/31/2023 | 28405 | 28276 | 28390 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4039264, 15.940%, 10/26/2028 †§x | Upstart | 10/31/2023 | 31507 | 31364 | 31498 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4039265, 17.510%, 10/26/2028 †§x | Upstart | 10/31/2023 | 28772 | 28641 | 29340 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4039269, 11.470%, 4/10/2029 †x# | Upstart | 10/31/2023 | 31968 | 31817 | 32078 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4039341, 16.710%, 10/26/2028 †§x | Upstart | 10/31/2023 | 28686 | 28556 | 28677 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4040276, 21.980%, 10/26/2028 †§x | Upstart | 10/31/2023 | 21874 | 21768 | 21851 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4040338, 13.920%, 11/11/2028 †§x# | Upstart | 10/31/2023 | 21692 | 21591 | 21564 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4041015, 22.290%, 10/27/2028 †§x | Upstart | 11/01/2023 | 23688 | 23580 | 24002 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4041617, 16.740%, 10/27/2028 †§x | Upstart | 11/01/2023 | 21519 | 21421 | 21388 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4041976, 15.480%, 8/01/2029 †x# | Upstart | 11/02/2023 | 20308 | 20206 | 20069 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042078, 14.890%, 11/09/2028 †§x | Upstart | 11/02/2023 | 22486 | 22381 | 22340 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042150, 13.800%, 11/01/2028 †§x | Upstart | 11/02/2023 | 20297 | 20205 | 20166 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042188, 21.510%, 11/01/2028 †§x | Upstart | 11/02/2023 | 26401 | 26280 | 26541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042270, 17.490%, 11/01/2028 †§x | Upstart | 11/02/2023 | 32785 | 32636 | 32568 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042313, 11.850%, 11/01/2028 †§x | Upstart | 11/02/2023 | 20503 | 20410 | 20562 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042330, 13.680%, 11/01/2028 †§x# | Upstart | 11/02/2023 | 21061 | 20964 | 20935 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042341, 18.760%, 11/01/2028 †§x | Upstart | 11/02/2023 | 21881 | 21781 | 22064 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042357, 19.600%, 11/01/2028 †§x | Upstart | 11/02/2023 | 21709 | 21611 | 21912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042386, 15.840%, 11/04/2028 †§x | Upstart | 11/02/2023 | 21236 | 21136 | 21109 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4042693, 14.540%, 11/01/2028 †x◇ | Upstart | 11/02/2023 | 31854 | 31730 | 31670 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4043000, 15.020%, 11/01/2028 †§x | Upstart | 11/02/2023 | 21472 | 21375 | 21343 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4043549, 15.950%, 11/01/2028 †§x | Upstart | 11/02/2023 | 21668 | 21569 | 21526 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4043842, 13.990%, 11/01/2028 †§x | Upstart | 11/02/2023 | 31768 | 31624 | 31869 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4044680, 21.150%, 4/01/2029 †x | Upstart | 11/02/2023 | 38098 | 37908 | 37999 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4045707, 16.310%, 11/01/2028 †x◇ | Upstart | 11/03/2023 | 26889 | 26782 | 26657 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4083560, 21.060%, 11/24/2028 †§x | Upstart | 11/29/2023 | 29211 | 29211 | 29596 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4084731, 19.210%, 11/24/2028 †§x | Upstart | 11/29/2023 | 33207 | 33207 | 33628 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4085612, 21.240%, 11/27/2028 †§x# | Upstart | 11/30/2023 | 27195 | 27195 | 27343 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**267** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4085615, 23.360%, 11/27/2028 †§x# | Upstart | 11/30/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23854 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23854 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23950 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4085868, 17.230%, 11/27/2028 †x◇ | Upstart | 11/30/2023 | 25510 | 25510 | 25440 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4086126, 13.880%, 11/27/2028 †§x | Upstart | 11/30/2023 | 21913 | 21913 | 21857 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4086381, 15.790%, 11/27/2028 †§x | Upstart | 11/30/2023 | 23853 | 23853 | 23789 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4086753, 13.670%, 11/27/2028 †§x | Upstart | 11/30/2023 | 28211 | 28211 | 28142 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4086757, 13.340%, 11/27/2028 †§x | Upstart | 11/30/2023 | 28058 | 28058 | 28214 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4086787, 12.820%, 11/27/2028 †§x | Upstart | 11/30/2023 | 31123 | 31123 | 31300 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4086978, 14.820%, 11/27/2028 †§x | Upstart | 11/30/2023 | 25566 | 25566 | 25499 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4087572, 23.160%, 11/27/2028 †§x | Upstart | 11/30/2023 | 21776 | 21776 | 22027 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4087787, 19.710%, 11/27/2028 †x◇ | Upstart | 11/30/2023 | 26507 | 26507 | 26886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4088081, 15.920%, 11/27/2028 †§x | Upstart | 11/30/2023 | 23234 | 23234 | 23171 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4088340, 18.480%, 11/27/2028 †§x# | Upstart | 11/30/2023 | 30034 | 30034 | 29948 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4088397, 17.140%, 11/27/2028 †x◇ | Upstart | 11/30/2023 | 21471 | 21471 | 21283 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4088522, 20.150%, 11/27/2028 †x◇ | Upstart | 11/30/2023 | 33462 | 33462 | 33964 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4088616, 16.950%, 11/28/2028 †§x# | Upstart | 12/01/2023 | 22262 | 22262 | 22082 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4088750, 15.020%, 11/27/2028 †§x# | Upstart | 11/30/2023 | 26319 | 26319 | 26244 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4089036, 15.980%, 12/01/2028 †§x | Upstart | 12/04/2023 | 33286 | 33286 | 32974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4089230, 20.680%, 11/27/2028 †§x | Upstart | 11/30/2023 | 21068 | 21068 | 21355 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4089455, 18.860%, 11/28/2028 †§x# | Upstart | 12/01/2023 | 32851 | 32851 | 32584 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4089468, 14.350%, 11/28/2028 †§x# | Upstart | 12/01/2023 | 25358 | 25358 | 25156 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4089589, 19.100%, 4/28/2029 †x# | Upstart | 12/01/2023 | 32503 | 32503 | 32151 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4089878, 11.050%, 11/28/2028 †§x# | Upstart | 12/01/2023 | 25317 | 25317 | 25633 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4090083, 18.560%, 5/07/2029 †x# | Upstart | 12/01/2023 | 23590 | 23590 | 23255 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4090124, 18.100%, 11/28/2028 †§x# | Upstart | 12/01/2023 | 30281 | 30281 | 30461 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4090312, 13.160%, 12/15/2028 †§x# | Upstart | 12/01/2023 | 32258 | 32258 | 32355 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4092107, 23.290%, 12/16/2028 †§x | Upstart | 12/04/2023 | 28204 | 28204 | 28335 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4092814, 11.880%, 12/15/2028 †§x | Upstart | 12/05/2023 | 29556 | 29556 | 29664 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4093061, 15.710%, 12/15/2028 †§x# | Upstart | 12/04/2023 | 30243 | 30243 | 29992 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4093229, 19.400%, 12/01/2028 †§x | Upstart | 12/05/2023 | 34065 | 34065 | 34083 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4093266, 22.940%, 12/01/2028 †§x | Upstart | 12/05/2023 | 20971 | 20971 | 21011 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4093324, 17.630%, 12/01/2028 †§x | Upstart | 12/05/2023 | 26186 | 26186 | 25895 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4094098, 12.130%, 12/01/2028 †x◇ | Upstart | 12/05/2023 | 31993 | 31993 | 32107 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4094136, 14.460%, 12/01/2028 †§x | Upstart | 12/05/2023 | 32673 | 32673 | 32310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4094467, 18.450%, 12/01/2028 †x#◇ | Upstart | 12/05/2023 | 20274 | 20274 | 20049 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4110007, 19.050%, 5/11/2029 †x# | Upstart | 12/14/2023 | 31965 | 31965 | 31377 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4110451, 17.630%, 12/11/2028 †§x | Upstart | 12/14/2023 | 20124 | 20124 | 20227 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4110930, 21.870%, 12/11/2028 †§x# | Upstart | 12/14/2023 | 21249 | 21249 | 20177 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4113922, 23.190%, 12/12/2028 †§x | Upstart | 12/15/2023 | 20755 | 20755 | 20873 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4114078, 16.940%, 12/12/2028 †x#◇ | Upstart | 12/15/2023 | 23258 | 23258 | 21728 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4114952, 18.940%, 12/13/2028 †§x | Upstart | 12/18/2023 | 33901 | 33901 | 34091 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4115126, 18.400%, 12/12/2028 †§x | Upstart | 12/15/2023 | 24229 | 24229 | 24039 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4116081, 20.460%, 12/26/2028 †§x | Upstart | 12/29/2023 | 20590 | 20590 | 20819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4116869, 13.770%, 12/13/2028 †§x | Upstart | 12/18/2023 | 31150 | 31150 | 31291 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4117072, 17.660%, 12/24/2028 †§x | Upstart | 12/18/2023 | 26631 | 26631 | 26426 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4118068, 14.880%, 12/14/2028 †§x | Upstart | 12/19/2023 | 27193 | 27193 | 26973 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4119631, 21.270%, 12/14/2028 †§x | Upstart | 12/19/2023 | 34967 | 34967 | 35179 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4120273, 16.030%, 12/15/2028 †§x# | Upstart | 12/20/2023 | 26624 | 26624 | 26427 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4122672, 12.970%, 12/18/2028 †§x | Upstart | 12/21/2023 | 32008 | 32008 | 32180 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4122830, 17.680%, 12/18/2028 †x | Upstart | 12/21/2023 | 23552 | 23552 | 22071 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4124117, 17.990%, 12/18/2028 †§x | Upstart | 12/21/2023 | 26238 | 26238 | 26042 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4124150, 14.800%, 12/18/2028 †§x# | Upstart | 12/21/2023 | 33553 | 33553 | 31389 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4125504, 17.760%, 1/04/2029 †§x# | Upstart | 12/22/2023 | 34584 | 34584 | 34301 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4128445, 16.630%, 12/20/2028 †§x | Upstart | 12/26/2023 | 26345 | 26345 | 26161 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4129347, 13.830%, 12/21/2028 †§x | Upstart | 12/27/2023 | 25714 | 25714 | 25543 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4129588, 20.390%, 12/28/2028 †x#◇ | Upstart | 12/27/2023 | 30292 | 30292 | 30049 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4130194, 22.730%, 5/21/2029 †x# | Upstart | 12/27/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20138 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**268** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4132979, 13.380%, 5/26/2029 †x | Upstart | 12/29/2023 | $36686 | $36686 | $36757 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4133444, 16.020%, 12/26/2028 †§x# | Upstart | 12/29/2023 | 34011 | 34011 | 33630 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4133729, 22.730%, 12/26/2028 †§x | Upstart | 12/29/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24563 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4133743, 15.470%, 5/26/2029 †x# | Upstart | 12/29/2023 | 36443 | 36443 | 35910 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4135183, 19.360%, 12/26/2028 †§x | Upstart | 12/29/2023 | 30118 | 30118 | 30387 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4135333, 21.590%, 12/27/2028 †§x | Upstart | 1/02/2024 | 33867 | 33867 | 34228 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4135803, 19.220%, 12/26/2028 †x#◇ | Upstart | 12/29/2023 | 27138 | 27138 | 27155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4135949, 14.720%, 12/26/2028 †§x | Upstart | 12/29/2023 | 32718 | 32718 | 32555 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4136227, 12.650%, 12/27/2028 †§x | Upstart | 1/02/2024 | 19904 | 19904 | 20035 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4136840, 22.340%, 12/27/2028 †§x | Upstart | 1/02/2024 | 28265 | 28265 | 28565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4136993, 21.570%, 1/02/2029 †§x | Upstart | 1/05/2024 | 35328 | 35328 | 35765 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4139087, 17.230%, 12/28/2028 †§x | Upstart | 1/03/2024 | 31631 | 31631 | 31307 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4139254, 22.620%, 12/28/2028 †§x | Upstart | 1/03/2024 | 34675 | 34675 | 34755 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4140425, 20.210%, 1/01/2029 †§x | Upstart | 1/04/2024 | 35093 | 35093 | 35129 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4140572, 21.910%, 1/01/2029 †§x | Upstart | 1/04/2024 | 25552 | 25552 | 25603 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4141060, 12.450%, 1/01/2029 †§x | Upstart | 1/04/2024 | 31438 | 31438 | 31548 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4142638, 12.450%, 1/02/2029 †§x | Upstart | 1/05/2024 | 32840 | 32840 | 33089 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4144350, 13.230%, 1/02/2029 †§x | Upstart | 1/05/2024 | 29863 | 29863 | 30100 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4149515, 16.820%, 1/04/2029 †§x | Upstart | 1/09/2024 | 34202 | 34202 | 34141 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4149634, 19.880%, 6/04/2029 †x# | Upstart | 1/09/2024 | 36319 | 36319 | 36667 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4149669, 18.450%, 1/09/2029 †§x | Upstart | 1/10/2024 | 34568 | 34568 | 34507 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4149851, 19.030%, 1/05/2029 †§x | Upstart | 1/10/2024 | 34660 | 34660 | 34597 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4154902, 14.520%, 1/09/2029 †§x | Upstart | 1/12/2024 | 33508 | 33508 | 33481 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4155599, 13.940%, 1/09/2029 †§x | Upstart | 1/12/2024 | 25131 | 25131 | 25090 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4156443, 20.110%, 1/25/2029 †§x# | Upstart | 1/16/2024 | 36169 | 36169 | 36565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4156734, 19.330%, 1/09/2029 †§x | Upstart | 1/12/2024 | 23929 | 23929 | 23904 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4161642, 21.360%, 1/12/2029 †§x | Upstart | 1/18/2024 | 23917 | 23917 | 24220 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4161703, 21.610%, 1/12/2029 †§x | Upstart | 1/18/2024 | 34187 | 34187 | 34200 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4162525, 13.090%, 1/12/2029 †§x | Upstart | 1/18/2024 | 29849 | 29849 | 30104 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4163161, 14.320%, 1/16/2029 †§x | Upstart | 1/19/2024 | 26692 | 26692 | 26701 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4163648, 20.610%, 1/16/2029 †§x | Upstart | 1/19/2024 | 23431 | 23431 | 23458 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4163793, 20.090%, 1/16/2029 †§x | Upstart | 1/19/2024 | 28518 | 28518 | 29177 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4165589, 20.290%, 1/16/2029 †§x | Upstart | 1/19/2024 | 22958 | 22958 | 22979 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4168817, 17.550%, 1/17/2029 †x◇ | Upstart | 1/22/2024 | 27497 | 27497 | 27507 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4168928, 21.050%, 1/17/2029 †§x | Upstart | 1/22/2024 | 23028 | 23028 | 23391 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4169887, 19.550%, 2/01/2029 †§x | Upstart | 2/01/2024 | 35650 | 35650 | 35497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4171067, 11.890%, 1/19/2029 †§x | Upstart | 1/24/2024 | 28104 | 28104 | 28373 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4171375, 19.590%, 1/19/2029 †§x | Upstart | 1/24/2024 | 23141 | 23141 | 23175 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4171523, 18.430%, 1/19/2029 †§x | Upstart | 1/24/2024 | 28700 | 28700 | 29166 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4171965, 19.910%, 1/19/2029 †§x | Upstart | 1/24/2024 | 22633 | 22633 | 22986 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4172587, 13.920%, 1/22/2029 †§x | Upstart | 1/25/2024 | 23394 | 23394 | 23427 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4172659, 17.550%, 1/22/2029 †x◇ | Upstart | 1/25/2024 | 20054 | 20054 | 20098 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4172928, 19.310%, 1/22/2029 †§x# | Upstart | 1/25/2024 | 27336 | 27336 | 27392 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4173029, 23.560%, 1/22/2029 †§x | Upstart | 1/25/2024 | 35844 | 35844 | 36723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4173563, 21.840%, 1/22/2029 †§x | Upstart | 1/25/2024 | 24131 | 24131 | 24703 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4173845, 13.350%, 1/22/2029 †§x | Upstart | 1/25/2024 | 19854 | 19854 | 20054 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4173921, 17.080%, 1/22/2029 †x◇ | Upstart | 1/25/2024 | 34026 | 34026 | 34107 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4173986, 17.010%, 1/22/2029 †x◇ | Upstart | 1/25/2024 | 33151 | 33151 | 33231 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4174060, 19.170%, 1/22/2029 †§x | Upstart | 1/25/2024 | 34000 | 34000 | 34794 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4174362, 21.970%, 1/22/2029 †x◇ | Upstart | 1/25/2024 | 29872 | 29872 | 30610 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4174393, 23.270%, 7/01/2029 †x# | Upstart | 1/25/2024 | 23800 | 23800 | 24256 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4174488, 16.320%, 6/22/2029 †x | Upstart | 1/25/2024 | 33527 | 33527 | 33439 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4174745, 14.320%, 1/22/2029 †§x | Upstart | 1/25/2024 | 22164 | 22164 | 22370 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4175801, 20.820%, 1/22/2029 †§x | Upstart | 1/25/2024 | 35130 | 35130 | 35728 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4176633, 14.770%, 1/23/2029 †§x | Upstart | 1/26/2024 | 22961 | 22961 | 23021 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4176854, 15.650%, 1/23/2029 †x◇ | Upstart | 1/26/2024 | 21590 | 21590 | 21789 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**269** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4177176, 15.020%, 1/23/2029 †§x | Upstart | 1/26/2024 | $21680 | $21680 | $21712 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4178092, 19.470%, 1/24/2029 †§x | Upstart | 1/29/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24554 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179114, 13.100%, 1/25/2029 †x | Upstart | 1/30/2024 | 31500 | 31500 | 31826 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179122, 23.540%, 1/24/2029 †§x# | Upstart | 1/29/2024 | 29816 | 29816 | 31195 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179177, 18.860%, 1/24/2029 †§x | Upstart | 1/29/2024 | 29081 | 29081 | 29536 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179225, 15.130%, 1/24/2029 †§x | Upstart | 1/29/2024 | 33591 | 33591 | 33647 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179333, 18.400%, 1/24/2029 †x#◇ | Upstart | 1/29/2024 | 35400 | 35400 | 35403 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179367, 20.010%, 1/24/2029 †§x# | Upstart | 1/29/2024 | 31108 | 31108 | 31184 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179498, 19.080%, 1/24/2029 †§x | Upstart | 1/29/2024 | 27836 | 27836 | 28184 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179520, 11.190%, 1/26/2029 †§x | Upstart | 1/29/2024 | 32445 | 32445 | 33001 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179630, 19.550%, 1/24/2029 †§x | Upstart | 1/29/2024 | 28532 | 28532 | 28572 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4179839, 19.030%, 1/28/2029 †§x | Upstart | 1/30/2024 | 23715 | 23715 | 24094 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4180004, 18.470%, 6/25/2029 †x# | Upstart | 1/30/2024 | 32366 | 32366 | 32540 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4180629, 17.260%, 1/25/2029 †§x | Upstart | 1/30/2024 | 20506 | 20506 | 20541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4180640, 17.340%, 1/25/2029 †§x | Upstart | 1/30/2024 | 22115 | 22115 | 22140 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4180785, 23.520%, 1/25/2029 †§x | Upstart | 1/30/2024 | 23538 | 23538 | 23734 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4180898, 14.340%, 1/25/2029 †§x | Upstart | 1/30/2024 | 29697 | 29697 | 29788 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4180902, 16.140%, 1/25/2029 †§x | Upstart | 1/30/2024 | 20286 | 20286 | 20346 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181016, 20.580%, 6/25/2029 †x# | Upstart | 1/30/2024 | 31468 | 31468 | 31635 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181123, 21.820%, 1/25/2029 †§x | Upstart | 1/30/2024 | 27466 | 27466 | 28121 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181364, 16.210%, 1/25/2029 †§x | Upstart | 1/30/2024 | 33891 | 33891 | 33951 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181373, 14.400%, 2/01/2029 †§x | Upstart | 2/05/2024 | 33123 | 33123 | 33070 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181436, 14.830%, 1/25/2029 †§x | Upstart | 1/30/2024 | 22535 | 22535 | 22601 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181618, 20.390%, 1/26/2029 †§x# | Upstart | 1/31/2024 | 35796 | 35796 | 36123 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181647, 14.110%, 1/26/2029 †§x | Upstart | 1/31/2024 | 29978 | 29978 | 30075 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181714, 16.730%, 8/26/2029 †x# | Upstart | 1/31/2024 | 38227 | 38227 | 37865 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181739, 20.320%, 1/26/2029 †§x | Upstart | 1/31/2024 | 31718 | 31718 | 32291 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4181882, 19.790%, 1/26/2029 †§x | Upstart | 1/31/2024 | 20913 | 20913 | 21290 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182024, 13.840%, 1/26/2029 †§x | Upstart | 1/31/2024 | 26382 | 26382 | 26465 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182122, 18.690%, 1/26/2029 †x◇ | Upstart | 1/31/2024 | 27613 | 27613 | 27695 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182150, 11.560%, 1/26/2029 †§x | Upstart | 1/31/2024 | 23005 | 23005 | 23225 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182246, 24.000%, 1/26/2029 †§x | Upstart | 1/31/2024 | 21574 | 21574 | 21955 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182426, 18.270%, 1/26/2029 †§x | Upstart | 1/31/2024 | 25377 | 25377 | 25453 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182565, 19.390%, 1/26/2029 †§x | Upstart | 1/31/2024 | 23563 | 23563 | 23791 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182600, 16.530%, 2/10/2029 †§x | Upstart | 1/31/2024 | 30339 | 30339 | 30431 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182767, 12.420%, 1/26/2029 †§x | Upstart | 1/31/2024 | 30730 | 30730 | 31060 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182863, 17.640%, 1/26/2029 †§x | Upstart | 1/31/2024 | 31222 | 31222 | 31313 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4182974, 19.290%, 1/26/2029 †§x | Upstart | 1/31/2024 | 20347 | 20347 | 20399 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183083, 20.320%, 7/01/2029 †x# | Upstart | 2/01/2024 | 36532 | 36532 | 36988 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183262, 14.550%, 2/01/2029 †§x | Upstart | 2/01/2024 | 33016 | 33016 | 32944 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183385, 19.830%, 2/04/2029 †§x | Upstart | 2/01/2024 | 28456 | 28456 | 28666 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183457, 16.600%, 7/01/2029 †x# | Upstart | 2/01/2024 | 32647 | 32647 | 32403 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183530, 23.540%, 7/01/2029 †x# | Upstart | 2/01/2024 | 26744 | 26744 | 27451 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183541, 22.240%, 2/01/2029 †§x | Upstart | 2/01/2024 | 36283 | 36283 | 36538 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183571, 23.190%, 2/01/2029 †§x | Upstart | 2/01/2024 | 36582 | 36582 | 37098 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183680, 12.870%, 2/01/2029 †§x | Upstart | 2/01/2024 | 23651 | 23651 | 23816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183727, 14.570%, 2/01/2029 †§x | Upstart | 2/01/2024 | 22256 | 22256 | 22209 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183828, 21.070%, 2/01/2029 †§x | Upstart | 2/01/2024 | 28237 | 28237 | 28545 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183843, 18.650%, 2/01/2029 †§x# | Upstart | 2/01/2024 | 20840 | 20840 | 20988 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183857, 15.900%, 7/01/2029 †x# | Upstart | 2/01/2024 | 36091 | 36091 | 35822 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183896, 22.520%, 2/01/2029 †§x | Upstart | 2/01/2024 | 36412 | 36412 | 36928 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4183944, 15.650%, 2/01/2029 †§x# | Upstart | 2/01/2024 | 23405 | 23405 | 23304 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184211, 10.130%, 2/01/2029 †§x | Upstart | 2/01/2024 | 26866 | 26866 | 27280 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184213, 13.920%, 2/28/2029 †§x# | Upstart | 2/01/2024 | 35170 | 35170 | 34972 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184231, 16.820%, 7/16/2029 †x# | Upstart | 2/01/2024 | 22924 | 22924 | 22669 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184370, 17.470%, 2/01/2029 †§x | Upstart | 2/01/2024 | 32611 | 32611 | 32846 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**270** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184391, 12.430%, 2/01/2029 †§x | Upstart | 2/01/2024 | $20635 | $20635 | $20792 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184392, 13.730%, 7/01/2029 †x | Upstart | 2/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28449 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184782, 20.140%, 2/01/2029 †§x | Upstart | 2/01/2024 | 25047 | 25047 | 25406 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4184785, 20.540%, 7/01/2029 †x | Upstart | 2/01/2024 | 39808 | 39808 | 39583 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186104, 12.470%, 2/01/2029 †§x | Upstart | 2/02/2024 | 33649 | 33649 | 33881 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186360, 18.920%, 2/01/2029 †§x | Upstart | 2/02/2024 | 35879 | 35879 | 36143 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186479, 15.540%, 7/01/2029 †x# | Upstart | 2/02/2024 | 35238 | 35238 | 35028 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186546, 15.570%, 2/06/2029 †§x# | Upstart | 2/02/2024 | 33747 | 33747 | 33641 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186555, 21.940%, 2/01/2029 †§x | Upstart | 2/02/2024 | 26012 | 26012 | 26413 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186629, 21.650%, 2/01/2029 †§x# | Upstart | 2/02/2024 | 36349 | 36349 | 36869 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186677, 23.310%, 2/01/2029 †§x | Upstart | 2/02/2024 | 20218 | 20218 | 20497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186699, 15.840%, 2/01/2029 †§x | Upstart | 2/02/2024 | 34585 | 34585 | 34431 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186886, 14.520%, 2/01/2029 †§x | Upstart | 2/02/2024 | 22244 | 22244 | 22390 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4186938, 23.570%, 2/15/2029 †§x | Upstart | 2/02/2024 | 31617 | 31617 | 32705 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187021, 24.410%, 2/01/2029 †§x | Upstart | 2/02/2024 | 31539 | 31539 | 32483 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187185, 15.410%, 2/01/2029 †§x | Upstart | 2/02/2024 | 34465 | 34465 | 34312 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187365, 6.000%, 2/01/2029 †x# | Upstart | 2/05/2024 | 20173 | 20173 | 20141 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187437, 20.530%, 2/01/2029 †§x | Upstart | 2/02/2024 | 35843 | 35843 | 36089 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187500, 16.820%, 2/01/2029 †§x | Upstart | 2/02/2024 | 34850 | 34850 | 34694 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187526, 16.990%, 2/01/2029 †§x | Upstart | 2/02/2024 | 27637 | 27637 | 27513 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187537, 23.300%, 2/01/2029 †§x | Upstart | 2/02/2024 | 29614 | 29614 | 30503 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187636, 10.330%, 2/01/2029 †§x# | Upstart | 2/02/2024 | 24574 | 24574 | 24877 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187787, 15.410%, 2/01/2029 †§x | Upstart | 2/02/2024 | 24125 | 24125 | 24018 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4187901, 14.790%, 2/03/2029 †§x | Upstart | 2/02/2024 | 34314 | 34314 | 34162 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4188337, 20.990%, 2/01/2029 †§x | Upstart | 2/05/2024 | 24356 | 24356 | 24533 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4188677, 21.590%, 2/01/2029 †§x | Upstart | 2/05/2024 | 36078 | 36078 | 36489 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4188788, 22.530%, 2/01/2029 †§x | Upstart | 2/05/2024 | 31960 | 31960 | 32321 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4188962, 21.070%, 2/01/2029 †§x | Upstart | 2/05/2024 | 35944 | 35944 | 36205 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4189320, 15.290%, 2/01/2029 †§x | Upstart | 2/05/2024 | 20226 | 20226 | 20191 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4212906, 16.090%, 2/20/2029 †§x | Upstart | 2/23/2024 | 23707 | 23707 | 23766 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4212923, 18.600%, 2/20/2029 †§x | Upstart | 2/23/2024 | 22567 | 22567 | 22926 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213103, 19.040%, 2/20/2029 †§x | Upstart | 2/23/2024 | 35386 | 35386 | 35473 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213179, 17.410%, 2/20/2029 †§x | Upstart | 2/23/2024 | 21272 | 21272 | 21326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213250, 13.840%, 2/20/2029 †§x | Upstart | 2/23/2024 | 33369 | 33369 | 33669 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213328, 18.190%, 2/20/2029 †§x | Upstart | 2/23/2024 | 35278 | 35278 | 33701 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213364, 15.650%, 2/20/2029 †§x | Upstart | 2/23/2024 | 34421 | 34421 | 34516 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213498, 15.510%, 2/20/2029 †§x | Upstart | 2/23/2024 | 20665 | 20665 | 20723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213569, 20.950%, 2/20/2029 †§x | Upstart | 2/23/2024 | 21520 | 21520 | 21568 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213646, 18.010%, 2/20/2029 †§x | Upstart | 2/23/2024 | 31244 | 31244 | 31743 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213863, 15.250%, 2/20/2029 †§x | Upstart | 2/23/2024 | 25640 | 25640 | 25712 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4213889, 15.720%, 2/20/2029 †§x | Upstart | 2/23/2024 | 27654 | 27654 | 27693 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4214008, 19.840%, 7/20/2029 †x# | Upstart | 2/23/2024 | 21974 | 21974 | 20155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4214487, 20.300%, 2/20/2029 †§x | Upstart | 2/23/2024 | 35699 | 35699 | 36260 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4215257, 16.850%, 2/20/2029 †x◇ | Upstart | 2/23/2024 | 20880 | 20880 | 20936 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4216749, 16.550%, 2/20/2029 †§x# | Upstart | 2/23/2024 | 35977 | 35977 | 34071 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4217542, 21.100%, 2/20/2029 †§x | Upstart | 2/23/2024 | 22325 | 22325 | 22744 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4217686, 20.880%, 2/21/2029 †§x | Upstart | 2/26/2024 | 22802 | 22802 | 23164 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4217780, 22.810%, 12/21/2029 †x | Upstart | 2/26/2024 | 24465 | 24465 | 24843 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4217823, 16.220%, 2/21/2029 †§x | Upstart | 2/26/2024 | 24492 | 24492 | 24553 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4218316, 19.010%, 2/21/2029 †§x | Upstart | 2/26/2024 | 34268 | 34268 | 34954 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4219032, 17.830%, 2/21/2029 †§x | Upstart | 2/26/2024 | 35058 | 35058 | 35155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4219594, 22.730%, 2/22/2029 †§x | Upstart | 2/27/2024 | 25645 | 25645 | 26181 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4220170, 20.440%, 7/22/2029 †x# | Upstart | 2/27/2024 | 34102 | 34102 | 33964 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4220385, 17.370%, 2/22/2029 †§x | Upstart | 2/27/2024 | 23619 | 23619 | 23690 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4220402, 23.370%, 12/22/2029 †x | Upstart | 2/27/2024 | 29474 | 29474 | 30645 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4220438, 17.050%, 2/22/2029 †§x | Upstart | 2/27/2024 | 29625 | 29625 | 29714 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**271** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4220505, 13.720%, 2/22/2029 †§x | Upstart | 2/27/2024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33953 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33953 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34065 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4221468, 21.290%, 2/23/2029 †§x# | Upstart | 2/28/2024 | 31375 | 31375 | 31991 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4221897, 15.820%, 2/27/2029 †§x | Upstart | 3/01/2024 | 20462 | 20462 | 20525 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4221942, 23.570%, 2/23/2029 †§x | Upstart | 2/28/2024 | 19698 | 19698 | 20113 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225233, 21.760%, 2/27/2029 †§x | Upstart | 3/01/2024 | 28500 | 28500 | 29133 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225247, 17.530%, 2/27/2029 †§x | Upstart | 3/01/2024 | 34838 | 34838 | 34967 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225266, 21.910%, 2/27/2029 †§x# | Upstart | 3/01/2024 | 32666 | 32666 | 33208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225314, 15.300%, 2/27/2029 †§x | Upstart | 3/01/2024 | 22432 | 22432 | 22511 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225440, 23.600%, 2/27/2029 †§x | Upstart | 3/01/2024 | 32153 | 32153 | 32702 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225449, 24.290%, 2/27/2029 †§x | Upstart | 3/01/2024 | 28071 | 28071 | 28696 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225497, 20.080%, 2/27/2029 †§x | Upstart | 3/01/2024 | 21277 | 21277 | 21762 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225577, 18.150%, 2/27/2029 †§x | Upstart | 3/01/2024 | 31457 | 31457 | 31569 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225586, 17.160%, 2/27/2029 †§x | Upstart | 3/01/2024 | 34588 | 34588 | 34717 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225615, 17.130%, 2/27/2029 †x#◇ | Upstart | 3/01/2024 | 31806 | 31806 | 31719 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225740, 12.890%, 2/27/2029 †§x | Upstart | 3/01/2024 | 31112 | 31112 | 31424 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4225812, 18.000%, 2/27/2029 †§x | Upstart | 3/01/2024 | 27593 | 27593 | 27696 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4226089, 17.950%, 2/27/2029 †§x | Upstart | 3/01/2024 | 23863 | 23863 | 23953 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4226156, 13.570%, 2/27/2029 †§x | Upstart | 3/01/2024 | 22975 | 22975 | 23204 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4226159, 15.080%, 2/27/2029 †§x | Upstart | 3/01/2024 | 34327 | 34327 | 34468 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4226685, 19.920%, 2/27/2029 †§x# | Upstart | 3/01/2024 | 36490 | 36490 | 36780 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4226827, 16.570%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 30954 | 30954 | 30905 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4226907, 18.790%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 36027 | 36027 | 35978 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227048, 19.270%, 2/28/2029 †§x | Upstart | 3/04/2024 | 28319 | 28319 | 28279 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227329, 16.370%, 2/28/2029 †x#◇ | Upstart | 3/04/2024 | 24783 | 24783 | 24746 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227369, 18.170%, 2/28/2029 †§x | Upstart | 3/04/2024 | 27859 | 27859 | 28127 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227460, 11.610%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 20958 | 20958 | 21119 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227574, 23.670%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 30316 | 30316 | 30555 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227640, 17.910%, 7/28/2029 †x# | Upstart | 3/04/2024 | 39692 | 39692 | 39238 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227642, 16.110%, 2/28/2029 †§x | Upstart | 3/04/2024 | 21609 | 21609 | 21575 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4227806, 22.670%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 20595 | 20595 | 21292 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4228056, 18.190%, 2/28/2029 †§x | Upstart | 3/04/2024 | 24114 | 24114 | 24073 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4228139, 18.760%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 25212 | 25212 | 25470 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4228336, 21.060%, 2/28/2029 †§x# | Upstart | 3/04/2024 | 21521 | 21521 | 21699 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4228373, 21.700%, 3/01/2029 †§x# | Upstart | 3/05/2024 | 27951 | 27951 | 28186 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4228383, 20.200%, 3/01/2029 †§x | Upstart | 3/05/2024 | 36494 | 36494 | 36858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4228428, 21.470%, 3/01/2029 †§x | Upstart | 3/05/2024 | 20846 | 20846 | 21053 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4228894, 18.660%, 3/01/2029 †§x | Upstart | 3/05/2024 | 35703 | 35703 | 35642 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4229060, 12.770%, 6/01/2029 †x# | Upstart | 3/05/2024 | 23609 | 23609 | 23744 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4229124, 15.370%, 3/01/2029 †§x | Upstart | 3/05/2024 | 20382 | 20382 | 20347 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4229255, 18.940%, 3/01/2029 †§x | Upstart | 3/05/2024 | 35791 | 35791 | 36144 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4229479, 16.830%, 3/01/2029 †§x | Upstart | 3/05/2024 | 35663 | 35663 | 35516 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4240598, 19.400%, 8/08/2029 †x# | Upstart | 3/13/2024 | 38335 | 38335 | 38399 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4241157, 11.920%, 3/08/2029 †§x | Upstart | 3/13/2024 | 25622 | 25622 | 25816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4241234, 21.870%, 3/08/2029 †§x | Upstart | 3/13/2024 | 23498 | 23498 | 23858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4241455, 18.100%, 3/08/2029 †§x | Upstart | 3/13/2024 | 25441 | 25441 | 25399 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4241984, 22.450%, 3/11/2029 †§x | Upstart | 3/14/2024 | 19621 | 19621 | 20305 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4242069, 23.470%, 3/14/2029 †§x | Upstart | 3/14/2024 | 37338 | 37338 | 37881 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4242509, 12.990%, 3/11/2029 †§x | Upstart | 3/14/2024 | 22668 | 22668 | 22853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4243711, 17.230%, 3/11/2029 †§x | Upstart | 3/14/2024 | 35689 | 35689 | 35644 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4244431, 22.190%, 3/11/2029 †§x | Upstart | 3/14/2024 | 36957 | 36957 | 37496 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4244999, 23.570%, 8/12/2029 †x | Upstart | 3/15/2024 | 28428 | 28428 | 28514 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4245099, 19.930%, 3/12/2029 †§x | Upstart | 3/15/2024 | 36641 | 36641 | 37024 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4245105, 13.920%, 3/12/2029 †§x# | Upstart | 3/15/2024 | 20252 | 20252 | 20261 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4245487, 18.720%, 3/12/2029 †§x | Upstart | 3/15/2024 | 35793 | 35793 | 36240 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4245593, 21.450%, 8/18/2029 †x# | Upstart | 3/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23567 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4245974, 15.840%, 8/12/2029 †x# | Upstart | 3/15/2024 | 34705 | 34705 | 34826 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**272** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4245978, 21.600%, 3/12/2029 †§x | Upstart | 3/15/2024 | $21417 | $21417 | $21783 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4246245, 16.390%, 3/12/2029 †§x# | Upstart | 3/15/2024 | 25112 | 25112 | 25121 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4246250, 21.020%, 3/12/2029 †§x | Upstart | 3/15/2024 | 33324 | 33324 | 33838 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4246691, 15.480%, 3/13/2029 †§x | Upstart | 3/18/2024 | 23672 | 23672 | 23685 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4247274, 19.650%, 3/13/2029 †§x | Upstart | 3/18/2024 | 30524 | 30524 | 30844 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4247633, 23.200%, 8/13/2029 †x# | Upstart | 3/18/2024 | 43900 | 43900 | 40683 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4274049, 20.730%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 33693 | 33693 | 33874 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4274061, 23.130%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 20818 | 20818 | 20924 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4274144, 22.540%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 29986 | 29986 | 30281 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4274494, 18.300%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 30873 | 30873 | 31051 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4274666, 23.470%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 22378 | 22378 | 22592 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4276498, 14.630%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 20902 | 20902 | 20842 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4276938, 17.160%, 4/01/2029 †x◇ | Upstart | 4/04/2024 | 36380 | 36380 | 36215 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277065, 17.110%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 36368 | 36368 | 36210 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277698, 11.000%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 34758 | 34758 | 35197 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277812, 13.900%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 35531 | 35531 | 35387 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277915, 14.190%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 35610 | 35610 | 35464 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277929, 18.310%, 4/02/2029 †x#◇ | Upstart | 4/05/2024 | 31461 | 31461 | 31371 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277977, 16.460%, 4/02/2029 †x#◇ | Upstart | 4/05/2024 | 24929 | 24929 | 24862 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277979, 14.400%, 9/02/2029 †x# | Upstart | 4/05/2024 | 20125 | 20125 | 20127 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4277999, 17.460%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 36454 | 36454 | 36295 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4278040, 18.350%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 20540 | 20540 | 20660 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4278708, 21.360%, 4/02/2029 †x◇ | Upstart | 4/05/2024 | 34054 | 34054 | 34385 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4280025, 12.220%, 4/03/2029 †x◇ | Upstart | 4/08/2024 | 35086 | 35086 | 35311 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4280099, 22.120%, 4/03/2029 †x◇ | Upstart | 4/08/2024 | 28236 | 28236 | 28398 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4281931, 10.810%, 4/08/2027 †x◇ | Upstart | 4/08/2024 | 21424 | 21424 | 21520 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4282326, 21.710%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 30179 | 30179 | 30375 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4282443, 12.590%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 31669 | 31669 | 31873 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4282923, 21.390%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 34880 | 34880 | 35269 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4283001, 18.320%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 25648 | 25648 | 25584 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4283113, 18.910%, 4/16/2029 †x◇ | Upstart | 4/09/2024 | 20968 | 20968 | 21104 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4283436, 19.080%, 4/04/2029 †x◇ | Upstart | 4/09/2024 | 29462 | 29462 | 29721 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4284148, 15.510%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 35956 | 35956 | 35824 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4284203, 17.040%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 29078 | 29078 | 29240 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4284227, 12.950%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 35192 | 35192 | 35444 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4284244, 22.080%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 37242 | 37242 | 37141 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4284642, 15.730%, 4/17/2029 †x◇ | Upstart | 4/10/2024 | 25338 | 25338 | 25247 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4284795, 18.560%, 4/20/2029 †x◇ | Upstart | 4/10/2024 | 22139 | 22139 | 22284 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4285001, 11.420%, 4/05/2029 †x◇ | Upstart | 4/10/2024 | 34874 | 34874 | 35317 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4285878, 12.230%, 4/08/2029 †§x | Upstart | 4/11/2024 | 35090 | 35090 | 35334 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4286252, 19.290%, 4/08/2029 †§x | Upstart | 4/11/2024 | 36913 | 36913 | 36785 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4286527, 19.510%, 4/13/2029 †§x | Upstart | 4/11/2024 | 24998 | 24998 | 25239 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4286762, 17.800%, 4/08/2029 †§x | Upstart | 4/11/2024 | 36541 | 36541 | 36418 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4286820, 17.660%, 7/08/2029 †x | Upstart | 4/11/2024 | 38257 | 38257 | 38352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4286938, 18.620%, 4/11/2029 †§x | Upstart | 4/11/2024 | 29443 | 29443 | 29343 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4286948, 14.020%, 4/15/2029 †§x | Upstart | 4/11/2024 | 32237 | 32237 | 32140 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4287558, 17.810%, 4/08/2029 †§x | Upstart | 4/11/2024 | 33037 | 33037 | 32927 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4287670, 24.460%, 4/08/2029 †§x | Upstart | 4/11/2024 | 36638 | 36638 | 37717 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4287841, 24.190%, 4/20/2029 †§x | Upstart | 4/11/2024 | 23046 | 23046 | 23742 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4289785, 18.080%, 4/10/2029 †§x | Upstart | 4/15/2024 | 34559 | 34559 | 34454 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4290361, 15.850%, 4/08/2029 †§x | Upstart | 4/11/2024 | 24437 | 24437 | 24359 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4290525, 19.140%, 4/09/2029 †§x | Upstart | 4/12/2024 | 28077 | 28077 | 28339 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4290630, 22.360%, 4/09/2029 †§x | Upstart | 4/12/2024 | 20214 | 20214 | 20460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4290654, 21.540%, 4/09/2029 †§x | Upstart | 4/12/2024 | 24202 | 24202 | 24494 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4290755, 17.020%, 4/09/2029 †§x | Upstart | 4/12/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36247 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4290882, 21.720%, 4/24/2029 †§x | Upstart | 4/12/2024 | 22576 | 22576 | 22741 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**273** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4291238, 15.400%, 9/24/2029 †x | Upstart | 4/12/2024 | $37529 | $37529 | $37065 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4291444, 15.750%, 4/09/2029 †§x | Upstart | 4/12/2024 | 26436 | 26436 | 26356 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4291884, 18.360%, 4/09/2029 †§x | Upstart | 4/12/2024 | 28317 | 28317 | 28528 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4292189, 19.570%, 9/09/2029 †x# | Upstart | 4/12/2024 | 27842 | 27842 | 27366 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4292395, 16.320%, 4/09/2029 †§x | Upstart | 4/12/2024 | 35956 | 35956 | 35902 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4292404, 16.730%, 4/09/2029 †§x | Upstart | 4/12/2024 | 32426 | 32426 | 32326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4292780, 13.960%, 9/10/2029 †x# | Upstart | 4/15/2024 | 36280 | 36280 | 36118 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4292807, 23.770%, 4/10/2029 †§x | Upstart | 4/15/2024 | 19839 | 19839 | 20448 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4292845, 16.020%, 4/10/2029 †§x | Upstart | 4/15/2024 | 20064 | 20064 | 20006 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4294099, 21.800%, 4/10/2029 †§x | Upstart | 4/15/2024 | 37226 | 37226 | 37586 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4294426, 23.260%, 4/15/2029 †§x | Upstart | 4/15/2024 | 20522 | 20522 | 20774 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4294435, 14.260%, 4/10/2029 †§x | Upstart | 4/15/2024 | 32064 | 32064 | 32280 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4294819, 19.460%, 4/10/2029 †§x | Upstart | 4/15/2024 | 36957 | 36957 | 37237 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4294874, 20.330%, 4/11/2029 †§x | Upstart | 4/16/2024 | 20279 | 20279 | 20486 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4294979, 15.630%, 4/11/2029 †§x | Upstart | 4/16/2024 | 23804 | 23804 | 23780 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4295625, 11.190%, 4/11/2029 †§x# | Upstart | 4/16/2024 | 31859 | 31859 | 32292 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4295628, 14.460%, 4/11/2029 †§x | Upstart | 4/16/2024 | 32112 | 32112 | 32030 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4295695, 14.740%, 4/11/2029 †§x | Upstart | 4/16/2024 | 21453 | 21453 | 21398 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4295754, 15.380%, 4/11/2029 †§x | Upstart | 4/16/2024 | 23059 | 23059 | 22999 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4295800, 19.250%, 5/11/2029 †x | Upstart | 4/16/2024 | 20558 | 20558 | 20676 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4295831, 15.530%, 4/11/2029 †§x | Upstart | 4/16/2024 | 21674 | 21674 | 21619 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4296621, 20.330%, 4/11/2029 †§x# | Upstart | 4/16/2024 | 23855 | 23855 | 23813 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4296819, 24.230%, 4/12/2029 †§x | Upstart | 4/17/2024 | 19593 | 19593 | 20285 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4296843, 23.500%, 4/11/2029 †§x# | Upstart | 4/16/2024 | 36663 | 36663 | 35515 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4296881, 20.840%, 9/12/2029 †x# | Upstart | 4/17/2024 | 25630 | 25630 | 25634 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4296885, 11.960%, 4/12/2029 †§x | Upstart | 4/17/2024 | 35021 | 35021 | 35282 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4297434, 19.590%, 4/12/2029 †§x | Upstart | 4/17/2024 | 23969 | 23969 | 24162 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4297443, 18.540%, 4/12/2029 †§x | Upstart | 4/17/2024 | 36725 | 36725 | 37024 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4297513, 17.980%, 4/12/2029 †§x | Upstart | 4/17/2024 | 24761 | 24761 | 25027 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4297530, 19.280%, 4/12/2029 †§x | Upstart | 4/17/2024 | 36910 | 36910 | 37208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4297690, 17.600%, 4/12/2029 †§x# | Upstart | 4/17/2024 | 24301 | 24301 | 24272 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4300027, 19.520%, 4/22/2029 †§x | Upstart | 4/25/2024 | 25066 | 25066 | 25325 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4309764, 19.620%, 4/19/2029 †§x | Upstart | 4/24/2024 | 33412 | 33412 | 33800 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4310380, 15.180%, 4/22/2029 †§x | Upstart | 4/25/2024 | 30343 | 30343 | 30322 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4310698, 17.820%, 4/19/2029 †§x# | Upstart | 4/24/2024 | 31586 | 31586 | 31546 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4310862, 17.730%, 10/04/2029 †x# | Upstart | 4/24/2024 | 21436 | 21436 | 21248 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4310918, 19.210%, 4/19/2029 †§x | Upstart | 4/24/2024 | 23923 | 23923 | 24289 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4311299, 14.500%, 4/19/2029 †§x | Upstart | 4/24/2024 | 35690 | 35690 | 35649 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4311360, 17.560%, 4/19/2029 †x◇ | Upstart | 4/24/2024 | 24879 | 24879 | 24844 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4311508, 21.960%, 4/22/2029 †x◇ | Upstart | 4/25/2024 | 21205 | 21205 | 21420 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4311989, 21.880%, 4/22/2029 †§x | Upstart | 4/25/2024 | 37552 | 37552 | 37506 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4312017, 16.010%, 4/22/2029 †x◇ | Upstart | 4/25/2024 | 27424 | 27424 | 27404 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4312148, 15.900%, 5/22/2030 †x# | Upstart | 4/25/2024 | 27047 | 27047 | 26879 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4312322, 16.420%, 4/22/2029 †§x | Upstart | 4/25/2024 | 28211 | 28211 | 28190 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4312371, 16.890%, 8/24/2029 †x# | Upstart | 4/25/2024 | 38391 | 38391 | 38213 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4313817, 17.480%, 4/22/2029 †§x# | Upstart | 4/25/2024 | 37293 | 37293 | 37194 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4314221, 17.310%, 4/22/2029 †§x | Upstart | 4/25/2024 | 28211 | 28211 | 28230 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4314457, 17.370%, 4/22/2029 †§x | Upstart | 4/25/2024 | 24520 | 24520 | 24462 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4314552, 21.620%, 4/22/2029 †§x# | Upstart | 4/25/2024 | 20068 | 20068 | 20007 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4314593, 20.000%, 4/22/2029 †§x | Upstart | 4/25/2024 | 37092 | 37092 | 37053 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4314947, 14.510%, 4/23/2029 †§x | Upstart | 4/26/2024 | 34666 | 34666 | 34695 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4315455, 13.120%, 4/23/2029 †§x | Upstart | 4/26/2024 | 35216 | 35216 | 35536 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4315580, 20.320%, 4/23/2029 †x◇ | Upstart | 4/26/2024 | 25203 | 25203 | 25468 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4316047, 15.820%, 4/23/2029 †§x | Upstart | 4/26/2024 | 36038 | 36038 | 36018 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4316082, 22.870%, 4/23/2029 †§x | Upstart | 4/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26747 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4316689, 13.740%, 4/23/2029 †§x | Upstart | 4/26/2024 | 26972 | 26972 | 26961 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**274** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4316697, 21.100%, 10/04/2029 †x# | Upstart | 4/26/2024 | $32501 | $32501 | $31871 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4317045, 23.550%, 4/23/2029 †§x | Upstart | 4/26/2024 | 28006 | 28006 | 29009 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4317266, 21.240%, 4/24/2029 †§x | Upstart | 4/29/2024 | 37313 | 37313 | 37805 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4317332, 19.790%, 4/24/2029 †§x | Upstart | 4/29/2024 | 20892 | 20892 | 21117 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4317518, 14.400%, 4/24/2029 †x#◇ | Upstart | 4/29/2024 | 24675 | 24675 | 24624 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4317581, 18.920%, 4/24/2029 †§x | Upstart | 4/29/2024 | 33289 | 33289 | 33651 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4318265, 20.700%, 4/24/2029 †§x | Upstart | 4/29/2024 | 37265 | 37265 | 37664 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4318951, 16.480%, 4/25/2029 †§x | Upstart | 4/30/2024 | 20777 | 20777 | 20772 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4319173, 15.010%, 4/25/2029 †§x# | Upstart | 4/30/2024 | 22560 | 22560 | 22588 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4319196, 23.510%, 4/25/2029 †§x# | Upstart | 4/30/2024 | 24710 | 24710 | 25720 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4319546, 15.190%, 4/25/2029 †§x | Upstart | 4/30/2024 | 24322 | 24322 | 24318 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4319622, 12.100%, 4/25/2029 †§x | Upstart | 4/30/2024 | 34639 | 34639 | 34946 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4319627, 12.470%, 4/25/2029 †§x | Upstart | 4/30/2024 | 33730 | 33730 | 34050 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4319635, 21.510%, 5/10/2029 †§x# | Upstart | 4/30/2024 | 38490 | 38490 | 38819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4326058, 14.960%, 5/02/2029 †x◇ | Upstart | 5/07/2024 | 29723 | 29723 | 30207 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4326481, 19.920%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 30228 | 30228 | 30277 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4326987, 19.050%, 10/01/2029 †x | Upstart | 5/06/2024 | 39358 | 39358 | 39333 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4327919, 14.790%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 21909 | 21909 | 22258 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4329471, 15.700%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 36748 | 36748 | 37327 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4329480, 18.820%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 37521 | 37521 | 37569 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4329928, 14.080%, 5/01/2029 †x◇ | Upstart | 5/06/2024 | 32213 | 32213 | 32766 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4329972, 19.110%, 5/02/2029 †x◇ | Upstart | 5/07/2024 | 20910 | 20910 | 20950 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4330309, 11.260%, 5/02/2029 †x◇ | Upstart | 5/07/2024 | 24279 | 24279 | 24861 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4330757, 17.930%, 2/02/2030 †x# | Upstart | 5/07/2024 | 39377 | 39377 | 39211 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4331130, 20.500%, 10/02/2029 †x | Upstart | 5/07/2024 | 21158 | 21158 | 21110 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4331396, 19.910%, 5/02/2029 †x◇ | Upstart | 5/07/2024 | 27897 | 27897 | 27989 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4332822, 22.030%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 25959 | 25959 | 25742 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4332826, 17.990%, 10/18/2029 †x | Upstart | 5/08/2024 | 39641 | 39641 | 40204 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4332887, 21.650%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 24995 | 24995 | 25038 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4332894, 14.450%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 20388 | 20388 | 20724 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4332936, 23.090%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 30829 | 30829 | 30287 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4333297, 15.120%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 36600 | 36600 | 37197 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4333413, 17.830%, 5/03/2029 †x◇ | Upstart | 5/08/2024 | 29073 | 29073 | 29530 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4333901, 17.590%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 37123 | 37123 | 37777 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4334880, 16.720%, 10/06/2029 †x# | Upstart | 5/09/2024 | 21592 | 21592 | 21678 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4334885, 15.670%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 22043 | 22043 | 22131 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4335333, 20.080%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 21333 | 21333 | 21389 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4336241, 15.230%, 5/06/2029 †x◇ | Upstart | 5/09/2024 | 32210 | 32210 | 32758 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4336637, 20.190%, 10/21/2029 †x# | Upstart | 5/09/2024 | 21201 | 21201 | 20889 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4338035, 18.140%, 5/07/2029 †x◇ | Upstart | 5/10/2024 | 37351 | 37351 | 37485 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4338100, 12.840%, 5/11/2029 †x◇ | Upstart | 5/10/2024 | 36109 | 36109 | 37408 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4338241, 16.630%, 5/13/2029 †x◇ | Upstart | 5/10/2024 | 22772 | 22772 | 23183 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4338277, 13.150%, 10/07/2029 †x | Upstart | 5/10/2024 | 23061 | 23061 | 23925 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4338641, 23.220%, 5/25/2029 †§x# | Upstart | 5/17/2024 | 26731 | 26731 | 26284 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4339434, 18.830%, 5/07/2029 †x◇ | Upstart | 5/10/2024 | 24670 | 24670 | 24802 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4339688, 20.760%, 5/07/2029 †x#◇ | Upstart | 5/10/2024 | 37756 | 37756 | 37931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340018, 16.030%, 5/08/2029 †§x | Upstart | 5/13/2024 | 36828 | 36828 | 37460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340061, 18.030%, 5/08/2029 †§x | Upstart | 5/13/2024 | 27564 | 27564 | 27974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340743, 17.670%, 5/08/2029 †§x | Upstart | 5/13/2024 | 37086 | 37086 | 37708 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340823, 19.030%, 5/08/2029 †§x | Upstart | 5/13/2024 | 37572 | 37572 | 37710 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340908, 12.090%, 5/08/2029 †§x | Upstart | 5/13/2024 | 35815 | 35815 | 37114 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340911, 15.730%, 5/08/2029 †§x | Upstart | 5/13/2024 | 28894 | 28894 | 29426 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340954, 20.840%, 5/08/2029 †§x | Upstart | 5/13/2024 | 38006 | 38006 | 38124 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340971, 20.790%, 5/08/2029 †§x | Upstart | 5/13/2024 | 23033 | 23033 | 22904 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4340999, 19.610%, 10/08/2029 †x# | Upstart | 5/13/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24512 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4341248, 14.610%, 5/08/2029 †§x# | Upstart | 5/13/2024 | 31249 | 31249 | 29852 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**275** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4341582, 14.960%, 5/08/2029 †§x | Upstart | 5/13/2024 | $36066 | $36066 | $36725 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4341903, 21.250%, 5/09/2029 †§x | Upstart | 5/14/2024 | 25833 | 25833 | 25686 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4341966, 22.470%, 5/09/2029 †§x | Upstart | 5/14/2024 | 25337 | 25337 | 25412 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4342508, 22.300%, 5/09/2029 †§x | Upstart | 5/14/2024 | 24346 | 24346 | 24255 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4342713, 14.990%, 5/09/2029 †§x | Upstart | 5/14/2024 | 25605 | 25605 | 26056 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4342751, 12.640%, 5/09/2029 †§x | Upstart | 5/14/2024 | 35667 | 35667 | 36960 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4343431, 18.100%, 5/09/2029 †§x | Upstart | 5/14/2024 | 36667 | 36667 | 36875 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4343728, 14.170%, 5/10/2029 †§x# | Upstart | 5/15/2024 | 21202 | 21202 | 21589 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4344200, 19.940%, 6/10/2029 †x | Upstart | 5/15/2024 | 30640 | 30640 | 31167 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4344229, 12.700%, 5/10/2029 †§x | Upstart | 5/15/2024 | 28783 | 28783 | 29828 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4344383, 18.600%, 5/10/2029 †§x | Upstart | 5/15/2024 | 37808 | 37808 | 38466 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4344401, 19.240%, 10/21/2029 †x# | Upstart | 5/15/2024 | 32903 | 32903 | 33000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4344547, 16.510%, 5/13/2029 †§x | Upstart | 5/16/2024 | 25950 | 25950 | 26452 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4344895, 20.340%, 5/13/2029 †§x | Upstart | 5/16/2024 | 34373 | 34373 | 34615 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4345305, 21.640%, 5/10/2029 †§x | Upstart | 5/15/2024 | 22080 | 22080 | 22158 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4345403, 17.720%, 10/10/2029 †x# | Upstart | 5/16/2024 | 39002 | 39002 | 39525 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4345527, 18.840%, 5/13/2029 †§x# | Upstart | 5/16/2024 | 21163 | 21163 | 21318 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4346026, 20.520%, 5/20/2029 †§x | Upstart | 5/16/2024 | 38079 | 38079 | 38276 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4346113, 21.320%, 5/13/2029 †§x | Upstart | 5/16/2024 | 34353 | 34353 | 34210 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4346245, 14.020%, 5/13/2029 †§x | Upstart | 5/16/2024 | 28037 | 28037 | 28564 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4346263, 23.540%, 5/13/2029 †§x | Upstart | 5/16/2024 | 21533 | 21533 | 21489 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4346459, 21.710%, 10/13/2029 †x# | Upstart | 5/16/2024 | 23053 | 23053 | 21511 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4346661, 17.600%, 5/20/2029 †§x | Upstart | 5/16/2024 | 24785 | 24785 | 25227 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4347544, 22.320%, 5/13/2029 †§x | Upstart | 5/16/2024 | 31988 | 31988 | 31847 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4348000, 15.280%, 5/13/2029 †§x# | Upstart | 5/16/2024 | 28253 | 28253 | 28770 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4348201, 23.550%, 5/13/2029 †§x# | Upstart | 5/16/2024 | 32637 | 32637 | 32532 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4349475, 15.640%, 5/14/2029 †§x | Upstart | 5/17/2024 | 20569 | 20569 | 20950 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4349517, 16.240%, 5/28/2029 †§x | Upstart | 5/17/2024 | 36841 | 36841 | 37565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4349520, 16.740%, 5/14/2029 †§x# | Upstart | 5/17/2024 | 29141 | 29141 | 29708 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4349654, 23.570%, 5/14/2029 †§x | Upstart | 5/17/2024 | 34056 | 34056 | 33666 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4349902, 22.040%, 5/14/2029 †§x | Upstart | 5/17/2024 | 38464 | 38464 | 38660 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4350294, 17.640%, 5/14/2029 †§x# | Upstart | 5/17/2024 | 33955 | 33955 | 34498 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4350699, 19.570%, 3/14/2030 †x# | Upstart | 5/17/2024 | 27715 | 27715 | 26431 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4350851, 12.060%, 5/14/2029 †§x | Upstart | 5/17/2024 | 35814 | 35814 | 37140 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4350871, 21.420%, 5/14/2029 †§x# | Upstart | 5/17/2024 | 30637 | 30637 | 28799 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4350898, 13.940%, 5/14/2029 †§x | Upstart | 5/17/2024 | 36035 | 36035 | 36753 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4351824, 17.900%, 5/15/2029 †§x | Upstart | 5/20/2024 | 22375 | 22375 | 22782 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4351860, 23.030%, 5/15/2029 †§x | Upstart | 5/20/2024 | 29544 | 29544 | 29484 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4352070, 16.650%, 5/15/2029 †§x | Upstart | 5/20/2024 | 22222 | 22222 | 22634 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4352299, 19.820%, 5/15/2029 †§x# | Upstart | 5/20/2024 | 38951 | 38951 | 36915 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4352423, 22.570%, 5/15/2029 †§x | Upstart | 5/20/2024 | 23623 | 23623 | 23425 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4352568, 20.440%, 5/15/2029 †§x# | Upstart | 5/20/2024 | 37215 | 37215 | 37470 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4352760, 12.890%, 5/15/2029 †§x | Upstart | 5/20/2024 | 35997 | 35997 | 37337 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4353047, 21.540%, 5/15/2029 †§x | Upstart | 5/20/2024 | 25664 | 25664 | 25845 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4353132, 15.470%, 5/15/2029 †x◇ | Upstart | 5/20/2024 | 33875 | 33875 | 34509 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4353214, 21.520%, 5/16/2029 †§x | Upstart | 5/21/2024 | 30471 | 30471 | 30708 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4353255, 19.650%, 5/15/2029 †§x | Upstart | 5/20/2024 | 29561 | 29561 | 28017 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4353594, 24.280%, 5/15/2029 †x◇ | Upstart | 5/20/2024 | 20801 | 20801 | 20575 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4353829, 23.350%, 5/16/2029 †§x | Upstart | 5/21/2024 | 38598 | 38598 | 38465 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4354313, 14.630%, 5/16/2029 †§x | Upstart | 5/21/2024 | 36473 | 36473 | 37797 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4354528, 24.400%, 5/28/2029 †§x | Upstart | 5/21/2024 | 26869 | 26869 | 27310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4354613, 20.960%, 5/28/2029 †x◇ | Upstart | 5/21/2024 | 26093 | 26093 | 25974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4355364, 23.500%, 5/16/2029 †§x | Upstart | 5/21/2024 | 33327 | 33327 | 33290 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4355554, 17.130%, 5/16/2029 †§x | Upstart | 5/21/2024 | 37034 | 37034 | 37769 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4356340, 22.580%, 5/17/2029 †§x | Upstart | 5/22/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36266 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4356704, 17.990%, 5/17/2029 †§x | Upstart | 5/22/2024 | 26122 | 26122 | 26308 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**276** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4357177, 18.760%, 5/17/2029 †§x | Upstart | 5/22/2024 | $29328 | $29328 | $29868 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4357390, 17.750%, 5/17/2029 †§x | Upstart | 5/22/2024 | 37029 | 37029 | 37365 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4357575, 18.240%, 5/28/2029 †x#◇ | Upstart | 5/23/2024 | 24815 | 24815 | 25275 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4357964, 17.920%, 5/20/2029 †§x | Upstart | 5/23/2024 | 19709 | 19709 | 20089 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4358238, 14.670%, 5/20/2029 †§x | Upstart | 5/23/2024 | 32633 | 32633 | 33314 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4358365, 23.220%, 5/20/2029 †§x | Upstart | 5/23/2024 | 22830 | 22830 | 22790 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4358576, 19.050%, 5/20/2029 †§x | Upstart | 5/23/2024 | 26267 | 26267 | 26529 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4358764, 17.180%, 5/20/2029 †§x# | Upstart | 5/23/2024 | 20682 | 20682 | 21106 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4363096, 23.280%, 5/21/2029 †§x | Upstart | 5/24/2024 | 21529 | 21529 | 21371 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4363162, 20.380%, 10/21/2027 †x | Upstart | 5/24/2024 | 20231 | 20231 | 20010 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4380864, 15.150%, 6/03/2029 †§x | Upstart | 6/06/2024 | 37338 | 37338 | 37922 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4381190, 18.590%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 38151 | 38151 | 38177 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4381350, 17.350%, 6/03/2029 †§x | Upstart | 6/06/2024 | 37846 | 37846 | 38417 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4381405, 23.070%, 6/16/2029 †x◇ | Upstart | 6/06/2024 | 21086 | 21143 | 21383 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4381654, 20.270%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 36874 | 36874 | 37407 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4382158, 18.420%, 6/05/2029 †§x | Upstart | 6/06/2024 | 26013 | 26013 | 26033 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4382255, 21.260%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 37304 | 37403 | 36966 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4382493, 22.050%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 36287 | 36287 | 36005 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4382537, 14.880%, 6/03/2029 †§x | Upstart | 6/06/2024 | 37249 | 37249 | 37833 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4382789, 23.270%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 23512 | 23512 | 23323 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4382828, 16.120%, 6/03/2029 †§x | Upstart | 6/06/2024 | 25290 | 25290 | 25713 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4383071, 19.700%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 25652 | 25652 | 25405 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4383101, 20.280%, 6/18/2029 †x◇ | Upstart | 6/06/2024 | 34969 | 34969 | 34990 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4383699, 18.570%, 6/03/2029 †§x | Upstart | 6/06/2024 | 25822 | 25822 | 25729 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4384033, 23.750%, 4/03/2030 †x | Upstart | 6/06/2024 | 22578 | 22578 | 22207 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4384687, 13.670%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 28748 | 28748 | 29208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4384717, 19.770%, 6/03/2029 †x◇ | Upstart | 6/06/2024 | 24588 | 24588 | 24945 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4385421, 15.410%, 6/16/2029 †§x# | Upstart | 6/06/2024 | 23192 | 23192 | 22108 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4386193, 14.600%, 6/04/2029 †x#◇ | Upstart | 6/07/2024 | 23244 | 23244 | 23631 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4386265, 20.730%, 11/04/2029 †x# | Upstart | 6/07/2024 | 39004 | 39004 | 38828 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4386463, 22.740%, 6/04/2029 †§x | Upstart | 6/07/2024 | 27368 | 27368 | 27092 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4386502, 17.080%, 6/04/2029 †§x | Upstart | 6/07/2024 | 36466 | 36466 | 37025 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4386785, 20.760%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 31765 | 31765 | 31498 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4386849, 21.300%, 6/04/2029 †§x | Upstart | 6/07/2024 | 37333 | 37333 | 37358 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4387316, 24.180%, 6/04/2029 †§x | Upstart | 6/07/2024 | 30560 | 30560 | 30281 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4387377, 17.110%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 37767 | 37869 | 38396 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4387507, 15.370%, 6/04/2029 †§x | Upstart | 6/07/2024 | 30120 | 30120 | 30595 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4387559, 21.080%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 21656 | 21714 | 21456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4387772, 14.350%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 37045 | 37045 | 37686 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4387814, 15.550%, 6/04/2029 †§x | Upstart | 6/07/2024 | 24919 | 24919 | 25311 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4387974, 17.270%, 6/04/2029 †x◇ | Upstart | 6/07/2024 | 26178 | 26178 | 26578 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4388151, 24.210%, 11/04/2029 †x | Upstart | 6/07/2024 | 26490 | 26490 | 25962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4388186, 14.410%, 6/05/2029 †§x | Upstart | 6/10/2024 | 37506 | 37506 | 38131 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4388200, 22.160%, 6/05/2029 †§x | Upstart | 6/10/2024 | 21320 | 21320 | 21130 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4388218, 19.650%, 11/05/2029 †x# | Upstart | 6/10/2024 | 32372 | 32372 | 32800 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4388461, 17.840%, 6/05/2029 †§x | Upstart | 6/10/2024 | 29010 | 29010 | 29460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4389245, 17.200%, 7/01/2029 †§x# | Upstart | 6/10/2024 | 26683 | 26683 | 27095 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4389485, 16.700%, 11/20/2029 †x | Upstart | 6/10/2024 | 24703 | 24703 | 25028 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4389649, 19.740%, 11/05/2029 †§x | Upstart | 6/10/2024 | 31832 | 31832 | 31886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4389937, 19.810%, 11/05/2029 †x# | Upstart | 6/10/2024 | 22674 | 22674 | 22729 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4390021, 21.970%, 6/05/2029 †§x# | Upstart | 6/10/2024 | 21745 | 21745 | 21594 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4390063, 21.210%, 6/05/2029 †§x | Upstart | 6/10/2024 | 29111 | 29111 | 28850 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4390305, 17.830%, 6/05/2029 †§x# | Upstart | 6/10/2024 | 31917 | 31917 | 32283 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4390658, 21.000%, 6/06/2029 †§x | Upstart | 6/11/2024 | 38700 | 38700 | 39273 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4390860, 17.740%, 6/06/2029 †§x | Upstart | 6/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35067 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4390893, 20.110%, 11/21/2029 †x# | Upstart | 6/11/2024 | 40857 | 40857 | 40800 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**277** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4390942, 20.060%, 6/06/2029 †x◇ | Upstart | 6/11/2024 | $26093 | $26093 | $26126 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4391459, 22.030%, 6/06/2029 †§x# | Upstart | 6/11/2024 | 24591 | 24591 | 24355 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4391781, 15.880%, 6/06/2029 †§x# | Upstart | 6/11/2024 | 21243 | 21243 | 21585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4391863, 16.300%, 6/06/2029 †§x# | Upstart | 6/11/2024 | 26884 | 26884 | 27342 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4392069, 16.230%, 6/06/2029 †§x | Upstart | 6/11/2024 | 28572 | 28572 | 29025 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4394048, 19.170%, 6/07/2029 †§x | Upstart | 6/12/2024 | 25262 | 25262 | 25652 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4394180, 20.140%, 6/07/2029 †§x | Upstart | 6/12/2024 | 29804 | 29804 | 29851 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4394270, 18.980%, 6/07/2029 †x◇ | Upstart | 6/12/2024 | 28487 | 28487 | 28938 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4395033, 17.830%, 6/07/2029 †x#◇ | Upstart | 6/12/2024 | 37873 | 37873 | 38518 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4395051, 19.000%, 6/10/2029 †§x | Upstart | 6/13/2024 | 23131 | 23131 | 23247 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4432878, 24.200%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 24348 | 24348 | 24005 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4432892, 18.830%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 38024 | 38024 | 38021 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4432906, 22.120%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 26939 | 26939 | 26926 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433102, 22.700%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 27382 | 27459 | 27063 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433512, 24.030%, 7/07/2029 †x#◇ | Upstart | 7/05/2024 | 32095 | 32183 | 31675 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433550, 19.280%, 7/01/2029 †x#◇ | Upstart | 7/05/2024 | 29539 | 29539 | 29978 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433681, 17.200%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 20032 | 20032 | 20316 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433825, 20.650%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 26733 | 26733 | 26707 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433832, 23.100%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 39846 | 39846 | 39329 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433864, 15.870%, 7/01/2029 †x#◇ | Upstart | 7/05/2024 | 27745 | 27745 | 28181 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4433938, 21.070%, 7/15/2029 †x# | Upstart | 7/05/2024 | 40630 | 40630 | 37832 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4434298, 15.970%, 7/01/2027 †x◇ | Upstart | 7/05/2024 | 25083 | 25083 | 24776 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4434392, 20.460%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 36218 | 36218 | 36181 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4434450, 19.450%, 7/01/2029 †x#◇ | Upstart | 7/05/2024 | 28670 | 28670 | 29007 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4434518, 21.780%, 7/01/2029 †x◇ | Upstart | 7/05/2024 | 38209 | 38209 | 38147 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4437976, 17.040%, 7/02/2029 †x#◇ | Upstart | 7/08/2024 | 26214 | 26214 | 26568 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4438481, 15.730%, 7/02/2029 †x◇ | Upstart | 7/08/2024 | 30393 | 30393 | 30842 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4438661, 12.910%, 7/02/2029 †x◇ | Upstart | 7/08/2024 | 20852 | 20852 | 21174 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4440030, 23.110%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 34982 | 34982 | 34263 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4440109, 18.120%, 7/03/2029 †x#◇ | Upstart | 7/09/2024 | 36131 | 36131 | 36602 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4440267, 19.820%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 26994 | 27071 | 26385 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4440748, 14.500%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 37890 | 37890 | 38469 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4442071, 22.550%, 7/03/2029 †x◇ | Upstart | 7/09/2024 | 21757 | 21757 | 21516 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4442076, 12.820%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 21657 | 21657 | 22003 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4442638, 17.810%, 5/05/2030 †x | Upstart | 7/10/2024 | 39827 | 39827 | 40418 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4442662, 22.020%, 8/05/2029 †x◇ | Upstart | 7/10/2024 | 21879 | 21879 | 21585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4443679, 20.100%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 20220 | 20220 | 20216 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4443774, 14.890%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 37981 | 37981 | 38574 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4443819, 20.050%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 35412 | 35412 | 35405 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4444363, 22.840%, 7/05/2029 †x◇ | Upstart | 7/10/2024 | 40393 | 40509 | 39883 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4496960, 15.830%, 8/01/2029 †x#◇ | Upstart | 8/06/2024 | 38783 | 38783 | 39283 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4497998, 15.320%, 8/01/2029 †x◇ | Upstart | 8/06/2024 | 30819 | 30819 | 31192 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4498212, 23.520%, 8/01/2029 †x#◇ | Upstart | 8/06/2024 | 23260 | 23324 | 22913 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4498765, 24.360%, 8/01/2029 †x◇ | Upstart | 8/06/2024 | 40736 | 40736 | 39702 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4499099, 19.560%, 8/01/2029 †x◇ | Upstart | 8/06/2024 | 31769 | 31769 | 31773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4499440, 22.390%, 6/01/2030 †x | Upstart | 8/06/2024 | 24347 | 24347 | 23982 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4499704, 23.240%, 8/01/2029 †x◇ | Upstart | 8/06/2024 | 23809 | 23809 | 23443 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4499804, 9.760%, 8/01/2029 †x#◇ | Upstart | 8/06/2024 | 26187 | 26187 | 26554 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4499981, 21.640%, 8/01/2029 †x◇ | Upstart | 8/06/2024 | 22995 | 22995 | 22675 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4500575, 21.250%, 1/02/2030 †x# | Upstart | 8/07/2024 | 33851 | 33851 | 33784 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4500654, 21.170%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 32044 | 32044 | 32041 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4500757, 20.440%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 25934 | 26009 | 25565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4500826, 23.340%, 8/02/2029 †x#◇ | Upstart | 8/07/2024 | 38535 | 38535 | 38976 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4501315, 24.370%, 8/09/2029 †x◇ | Upstart | 8/07/2024 | 25092 | 25092 | 24527 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4501453, 21.730%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27711 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4501710, 19.910%, 8/02/2029 †x◇ | Upstart | 8/07/2024 | 39787 | 39787 | 39227 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**278** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4501776, 20.460%, 8/08/2029 †x◇ | Upstart | 8/07/2024 | $39902 | $39902 | $39334 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4501910, 22.640%, 8/05/2029 †x◇ | Upstart | 8/12/2024 | 22252 | 22230 | 22503 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4502199, 19.590%, 8/02/2029 †x#◇ | Upstart | 8/07/2024 | 34628 | 34628 | 34219 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4503052, 6.000%, 8/05/2029 †x | Upstart | 8/08/2024 | 22343 | 22343 | 22300 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4503053, 11.100%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 23257 | 23257 | 23588 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4503077, 18.020%, 8/20/2029 †x◇ | Upstart | 8/08/2024 | 27052 | 27052 | 27388 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4503182, 23.980%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 23437 | 23437 | 22912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4504049, 18.510%, 8/05/2029 †x#◇ | Upstart | 8/08/2024 | 25106 | 25106 | 25431 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4504439, 17.360%, 8/12/2029 †x◇ | Upstart | 8/08/2024 | 26282 | 26282 | 26610 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4507353, 23.570%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 39468 | 39468 | 38925 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4507474, 10.410%, 8/05/2029 †x◇ | Upstart | 8/08/2024 | 37578 | 37578 | 38115 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4509349, 20.960%, 8/14/2029 †x◇ | Upstart | 8/09/2024 | 24121 | 24121 | 23820 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4509518, 20.090%, 8/06/2029 †x◇ | Upstart | 8/09/2024 | 39641 | 39641 | 39769 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4511639, 17.940%, 8/06/2029 †x#◇ | Upstart | 8/09/2024 | 22043 | 22105 | 22334 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4512634, 23.400%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 27412 | 27412 | 26899 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4513522, 23.370%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 20169 | 20169 | 20217 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4513738, 12.060%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 22810 | 22810 | 23125 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4514033, 16.060%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 39168 | 39168 | 39685 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4514038, 23.230%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 40484 | 40484 | 39960 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4514044, 13.870%, 8/07/2029 †x◇ | Upstart | 8/12/2024 | 23846 | 23846 | 24124 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4515212, 20.480%, 8/08/2029 †x◇ | Upstart | 8/13/2024 | 20036 | 20036 | 20081 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4518949, 18.740%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 26398 | 26476 | 24931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4519307, 18.120%, 8/09/2029 †x◇ | Upstart | 8/14/2024 | 26695 | 26695 | 26827 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4519611, 18.690%, 8/09/2029 †x◇ | Upstart | 8/14/2024 | 29467 | 29467 | 29598 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4519755, 9.020%, 8/09/2029 †x◇ | Upstart | 8/14/2024 | 21230 | 21230 | 21535 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4519798, 22.790%, 8/09/2029 †x◇ | Upstart | 8/14/2024 | 33204 | 33204 | 32805 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4520001, 23.440%, 1/09/2030 †x# | Upstart | 8/14/2024 | 40644 | 40644 | 40001 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4520308, 14.150%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 25276 | 25276 | 25642 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4520469, 23.590%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 38223 | 38223 | 37823 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4520477, 17.730%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 23589 | 23589 | 23909 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4521061, 15.830%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 26694 | 26694 | 27096 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4521152, 8.140%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 37075 | 37075 | 37097 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4521239, 16.910%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 23302 | 23302 | 23644 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4521353, 22.820%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 27470 | 27470 | 27173 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4521802, 15.940%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 23245 | 23245 | 23592 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4522280, 8.600%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 23030 | 23030 | 23051 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4522376, 20.700%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 39920 | 39920 | 39601 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4522610, 21.490%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 22436 | 22436 | 22548 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4522691, 20.370%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 39885 | 39885 | 40034 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4524609, 23.290%, 8/12/2029 †x | Upstart | 8/15/2024 | 29353 | 29353 | 27204 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4524869, 17.190%, 9/13/2029 †x◇ | Upstart | 8/15/2024 | 40685 | 40685 | 41203 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4525027, 22.240%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 27213 | 27213 | 26971 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4525327, 9.960%, 8/12/2029 †x◇ | Upstart | 8/15/2024 | 28789 | 28789 | 29201 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4525688, 23.000%, 1/13/2030 †x# | Upstart | 8/16/2024 | 27887 | 27887 | 27913 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4526257, 22.770%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 37387 | 37387 | 36721 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4526532, 23.250%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 28585 | 28585 | 28059 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4526711, 13.320%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 38297 | 38297 | 38911 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4526996, 20.310%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 21602 | 21602 | 21868 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4527027, 16.070%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 36291 | 36291 | 36761 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4527397, 21.620%, 8/13/2029 †x◇ | Upstart | 8/16/2024 | 23031 | 23031 | 23141 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4528537, 20.580%, 8/14/2029 †§x | Upstart | 8/19/2024 | 28832 | 28832 | 28958 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4528779, 22.830%, 8/14/2029 †§x | Upstart | 8/19/2024 | 39594 | 39594 | 39198 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4529060, 22.640%, 8/14/2029 †§x | Upstart | 8/19/2024 | 21669 | 21669 | 21491 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4529559, 19.820%, 8/14/2029 †§x | Upstart | 8/19/2024 | 36157 | 36157 | 36388 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4529785, 15.390%, 8/14/2029 †x◇ | Upstart | 8/19/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37813 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4529802, 17.830%, 8/14/2029 †§x | Upstart | 8/19/2024 | 39338 | 39338 | 39549 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**279** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4530615, 16.490%, 8/14/2029 †x◇ | Upstart | 8/19/2024 | $21662 | $21662 | $21989 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4532032, 21.200%, 8/15/2029 †§x | Upstart | 8/20/2024 | 22282 | 22282 | 22078 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4533054, 8.840%, 8/15/2029 †§x# | Upstart | 8/20/2024 | 37004 | 37004 | 37042 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4533431, 14.150%, 8/16/2029 †§x | Upstart | 8/21/2024 | 38708 | 38708 | 36856 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4533484, 18.960%, 8/16/2027 †§x | Upstart | 8/21/2024 | 22874 | 22874 | 22662 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4534234, 23.370%, 8/16/2029 †§x | Upstart | 8/21/2024 | 21553 | 21553 | 21352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4534341, 17.310%, 8/16/2029 †§x# | Upstart | 8/21/2024 | 20918 | 20918 | 21216 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4534389, 18.820%, 8/16/2029 †§x | Upstart | 8/21/2024 | 27108 | 27108 | 27408 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4534879, 14.640%, 8/16/2029 †§x | Upstart | 8/21/2024 | 22164 | 22164 | 22491 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4534902, 17.710%, 8/16/2029 †§x | Upstart | 8/21/2024 | 21340 | 21340 | 21644 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4535372, 20.870%, 8/16/2029 †x◇ | Upstart | 8/21/2024 | 38153 | 38153 | 37832 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4535417, 20.430%, 8/16/2027 †§x | Upstart | 8/21/2024 | 25620 | 25620 | 25313 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4535431, 19.650%, 8/28/2029 †§x# | Upstart | 8/21/2024 | 27351 | 27351 | 27518 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536234, 17.930%, 8/19/2029 †x◇ | Upstart | 8/22/2024 | 23030 | 23030 | 23382 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536260, 23.150%, 8/19/2029 †§x | Upstart | 8/22/2024 | 26219 | 26219 | 26062 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536546, 17.740%, 8/19/2029 †§x# | Upstart | 8/22/2024 | 23992 | 23992 | 22846 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536555, 17.830%, 8/19/2029 †§x# | Upstart | 8/22/2024 | 37991 | 37991 | 38575 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536623, 22.330%, 1/19/2030 †x# | Upstart | 8/22/2024 | 33284 | 33284 | 31432 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536743, 18.000%, 8/19/2029 †§x | Upstart | 8/22/2024 | 35179 | 35179 | 35740 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536799, 20.790%, 8/19/2029 †§x | Upstart | 8/22/2024 | 22388 | 22388 | 22523 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536808, 9.060%, 8/19/2029 †x◇ | Upstart | 8/22/2024 | 36926 | 36926 | 36958 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4536955, 8.820%, 8/19/2029 †§x | Upstart | 8/22/2024 | 37242 | 37242 | 37275 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4537792, 20.540%, 8/19/2029 †§x# | Upstart | 8/22/2024 | 20113 | 20113 | 20128 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4538142, 23.540%, 8/19/2029 †x◇ | Upstart | 8/22/2024 | 22699 | 22699 | 22513 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4538309, 20.640%, 8/19/2029 †§x | Upstart | 8/22/2024 | 23899 | 23899 | 24084 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4538594, 15.760%, 8/21/2029 †x◇ | Upstart | 8/22/2024 | 26526 | 26526 | 26937 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4538686, 23.530%, 8/19/2029 †§x | Upstart | 8/22/2024 | 33102 | 33102 | 33292 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4539741, 12.060%, 8/19/2029 †§x | Upstart | 8/22/2024 | 22853 | 22853 | 23195 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4540672, 21.240%, 8/19/2029 †§x | Upstart | 8/22/2024 | 40071 | 40071 | 39768 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4540896, 22.560%, 8/19/2029 †§x | Upstart | 8/22/2024 | 24186 | 24186 | 24049 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4541273, 21.140%, 8/20/2029 †§x | Upstart | 8/23/2024 | 31763 | 31763 | 31541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4541533, 21.640%, 8/20/2029 †x◇ | Upstart | 8/23/2024 | 21124 | 21124 | 20994 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4541633, 17.760%, 8/20/2029 †§x | Upstart | 8/23/2024 | 24865 | 24865 | 25262 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4541692, 23.210%, 8/20/2029 †x◇ | Upstart | 8/23/2024 | 38863 | 38863 | 38565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4541767, 7.180%, 8/20/2029 †§x | Upstart | 8/23/2024 | 32032 | 32032 | 32067 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4541954, 20.780%, 8/20/2029 †x◇ | Upstart | 8/23/2024 | 31820 | 31820 | 32024 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4542272, 23.390%, 2/04/2030 †x# | Upstart | 8/23/2024 | 41549 | 41549 | 41160 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4543928, 16.150%, 8/21/2029 †x◇ | Upstart | 8/26/2024 | 26903 | 26903 | 27345 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4544222, 14.780%, 1/21/2030 †x | Upstart | 8/26/2024 | 20310 | 20310 | 20625 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4544643, 24.380%, 8/25/2029 †x◇ | Upstart | 8/26/2024 | 39603 | 39603 | 39310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4544803, 20.410%, 8/21/2029 †x# | Upstart | 8/26/2024 | 35749 | 35749 | 36051 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4545255, 24.330%, 8/21/2029 †§x | Upstart | 8/26/2024 | 26724 | 26724 | 26914 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4545430, 22.600%, 8/21/2029 †§x# | Upstart | 8/26/2024 | 40287 | 40287 | 40088 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4546096, 8.040%, 8/21/2029 †x◇ | Upstart | 8/26/2024 | 34901 | 34901 | 34938 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4546108, 23.090%, 8/28/2029 †x◇ | Upstart | 8/26/2024 | 20790 | 20790 | 20612 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4546912, 23.540%, 8/22/2029 †§x | Upstart | 8/27/2024 | 40551 | 40551 | 40014 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4546952, 23.220%, 8/22/2029 †§x | Upstart | 8/27/2024 | 35876 | 35876 | 35706 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4546989, 22.410%, 8/22/2029 †§x | Upstart | 8/27/2024 | 26894 | 26894 | 26743 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4548201, 22.580%, 8/22/2029 †§x | Upstart | 8/27/2024 | 30074 | 30074 | 29930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4548984, 7.560%, 8/22/2029 †§x | Upstart | 8/27/2024 | 22884 | 22884 | 22919 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4549055, 12.950%, 8/22/2029 †x#◇ | Upstart | 8/27/2024 | 30561 | 30561 | 31058 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4549986, 16.880%, 8/23/2027 †§x | Upstart | 8/28/2024 | 20424 | 20424 | 20312 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4550640, 24.370%, 8/26/2029 †§x | Upstart | 8/29/2024 | 23026 | 23026 | 22930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4550959, 22.030%, 8/28/2029 †§x# | Upstart | 9/03/2024 | 40040 | 40040 | 39382 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4551063, 18.390%, 8/23/2029 †§x | Upstart | 8/28/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25022 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4551085, 23.920%, 8/23/2029 †§x | Upstart | 8/28/2024 | 34209 | 34209 | 33982 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**280** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4551736, 18.590%, 8/23/2029 †§x | Upstart | 8/28/2024 | $30645 | $30645 | $31125 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4551825, 23.290%, 8/26/2029 †§x | Upstart | 8/29/2024 | 26729 | 26729 | 26649 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4551988, 24.150%, 8/26/2029 †§x# | Upstart | 8/29/2024 | 36504 | 36504 | 36215 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4552249, 17.190%, 8/26/2029 †§x | Upstart | 8/29/2024 | 36021 | 36021 | 36553 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4552582, 17.480%, 8/26/2029 †x#◇ | Upstart | 8/29/2024 | 39258 | 39258 | 39956 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4552588, 23.240%, 8/26/2029 †§x# | Upstart | 8/29/2024 | 33882 | 33882 | 33723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4552725, 17.410%, 8/26/2029 †x◇ | Upstart | 8/29/2024 | 26806 | 26806 | 27271 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4552840, 21.640%, 12/26/2029 †x# | Upstart | 8/29/2024 | 42263 | 42263 | 41491 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4552903, 23.570%, 1/26/2030 †x# | Upstart | 8/29/2024 | 21814 | 21814 | 21451 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4552986, 16.050%, 8/26/2029 †§x | Upstart | 8/29/2024 | 20791 | 20791 | 21004 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4553112, 20.190%, 8/26/2029 †§x# | Upstart | 8/29/2024 | 40333 | 40333 | 40777 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4553317, 22.200%, 8/26/2029 †§x# | Upstart | 8/29/2024 | 24356 | 24356 | 24596 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4553435, 21.170%, 8/26/2029 †§x | Upstart | 8/29/2024 | 21461 | 21461 | 21816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4553476, 24.200%, 8/26/2029 †§x | Upstart | 8/29/2024 | 22705 | 22705 | 22462 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4555786, 22.490%, 8/26/2029 †§x | Upstart | 8/29/2024 | 21529 | 21529 | 21455 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4556051, 8.170%, 8/26/2029 †§x | Upstart | 8/29/2024 | 37072 | 37072 | 37135 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4556244, 11.920%, 8/26/2029 †§x | Upstart | 8/29/2024 | 37938 | 37938 | 38553 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4557501, 12.380%, 8/27/2029 †x◇ | Upstart | 8/30/2024 | 25674 | 25674 | 26146 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4557591, 22.090%, 8/27/2029 †§x | Upstart | 8/30/2024 | 25656 | 25656 | 25898 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4558056, 23.540%, 1/27/2030 †x# | Upstart | 8/30/2024 | 21737 | 21737 | 21045 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4558113, 12.800%, 8/27/2029 †§x | Upstart | 8/30/2024 | 22850 | 22850 | 23220 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4558889, 13.920%, 6/27/2030 †x | Upstart | 8/30/2024 | 32290 | 32290 | 32669 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4559472, 17.460%, 8/27/2029 †§x | Upstart | 8/30/2024 | 32346 | 32346 | 32708 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4560380, 16.780%, 8/28/2029 †§x# | Upstart | 9/03/2024 | 27513 | 27513 | 27838 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4560488, 23.250%, 8/28/2029 †x◇ | Upstart | 9/03/2024 | 35119 | 35119 | 34580 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4560516, 22.990%, 8/28/2029 †x | Upstart | 9/03/2024 | 28010 | 28010 | 27277 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4560913, 13.460%, 8/28/2029 †§x | Upstart | 9/03/2024 | 20349 | 20349 | 20631 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4561121, 17.110%, 8/28/2029 †§x# | Upstart | 9/03/2024 | 29485 | 29485 | 29486 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4561998, 7.580%, 9/01/2029 †§x | Upstart | 9/04/2024 | 22272 | 22272 | 22267 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4562641, 21.630%, 8/28/2027 †§x# | Upstart | 9/03/2024 | 22612 | 22612 | 22167 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4562814, 15.560%, 8/28/2029 †§x# | Upstart | 9/03/2024 | 35165 | 35165 | 35570 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4563054, 23.340%, 2/01/2030 †x | Upstart | 9/04/2024 | 43470 | 43470 | 42618 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4563308, 13.580%, 9/01/2029 †§x | Upstart | 9/04/2024 | 24964 | 24964 | 25245 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4564094, 19.410%, 9/01/2029 †§x# | Upstart | 9/04/2024 | 21999 | 21999 | 22257 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4564271, 23.140%, 9/01/2029 †§x | Upstart | 9/04/2024 | 32955 | 32955 | 32350 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4564295, 22.720%, 9/18/2029 †x◇ | Upstart | 9/06/2024 | 40927 | 40927 | 40296 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4567814, 21.220%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 32701 | 32701 | 31859 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4568965, 14.270%, 9/03/2027 †x◇ | Upstart | 9/06/2024 | 29018 | 29018 | 29139 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4569110, 14.620%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 29066 | 29066 | 29416 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4569285, 24.340%, 2/03/2030 †x# | Upstart | 9/06/2024 | 22994 | 22994 | 22393 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4569439, 16.190%, 9/18/2029 †x◇ | Upstart | 9/06/2024 | 21390 | 21390 | 21639 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4569615, 16.850%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 31589 | 31589 | 31943 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4570130, 23.230%, 9/03/2029 †x#◇ | Upstart | 9/06/2024 | 23528 | 23528 | 23152 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4572809, 21.580%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 39808 | 39808 | 39800 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4574303, 21.600%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 26687 | 26687 | 26702 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4574387, 23.650%, 9/03/2029 †x◇ | Upstart | 9/06/2024 | 22382 | 22382 | 21848 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4575361, 21.470%, 9/19/2029 †x◇ | Upstart | 9/09/2024 | 20550 | 20550 | 20550 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4575384, 22.590%, 2/04/2030 †x | Upstart | 9/09/2024 | 22307 | 22307 | 21919 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4576435, 20.790%, 7/04/2030 †x# | Upstart | 9/09/2024 | 41432 | 41432 | 41401 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4578274, 21.730%, 9/05/2029 †x#◇ | Upstart | 9/10/2024 | 25811 | 25811 | 25834 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4579871, 23.020%, 9/05/2029 †x◇ | Upstart | 9/10/2024 | 31438 | 31531 | 30647 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4580878, 22.870%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | 38299 | 38299 | 37461 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4580968, 14.490%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | 23250 | 23250 | 23538 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4581126, 16.980%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | 23360 | 23360 | 23663 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4581165, 19.640%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20503 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4581654, 20.270%, 9/06/2029 †x#◇ | Upstart | 9/11/2024 | 40400 | 40400 | 40487 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**281** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4581775, 17.190%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | $36028 | $36028 | $36451 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4582275, 22.590%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | 31543 | 31543 | 31080 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4582504, 21.440%, 9/06/2029 †x◇ | Upstart | 9/11/2024 | 36839 | 36839 | 36310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4586418, 12.930%, 9/11/2029 †x◇ | Upstart | 9/16/2024 | 32156 | 32156 | 32608 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4589239, 23.420%, 9/11/2029 †§x | Upstart | 9/16/2024 | 26048 | 26048 | 25560 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4589747, 20.500%, 9/10/2029 †§x | Upstart | 9/13/2024 | 40549 | 40549 | 40629 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4592408, 13.990%, 9/11/2029 †§x | Upstart | 9/16/2024 | 39166 | 39166 | 39696 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4592471, 17.720%, 9/11/2029 †§x | Upstart | 9/16/2024 | 33622 | 33622 | 34050 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4592994, 14.530%, 9/11/2029 †§x | Upstart | 9/16/2024 | 20820 | 20820 | 21099 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4593042, 16.240%, 9/11/2029 †§x | Upstart | 9/16/2024 | 22365 | 22365 | 22655 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4593413, 15.250%, 9/11/2029 †§x | Upstart | 9/16/2024 | 21040 | 21040 | 21344 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4593960, 19.120%, 9/11/2029 †§x# | Upstart | 9/16/2024 | 23523 | 23523 | 23820 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4595253, 13.460%, 9/12/2029 †§x | Upstart | 9/17/2024 | 20460 | 20460 | 20748 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4596509, 12.590%, 9/12/2029 †§x | Upstart | 9/17/2024 | 38852 | 38852 | 39402 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4596524, 13.700%, 9/12/2029 †§x | Upstart | 9/17/2024 | 20489 | 20489 | 20777 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4597110, 19.930%, 9/12/2029 †§x | Upstart | 9/17/2024 | 27155 | 27155 | 26846 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4597127, 19.870%, 9/12/2029 †§x | Upstart | 9/17/2024 | 20702 | 20702 | 20763 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4597841, 21.910%, 9/12/2029 †§x# | Upstart | 9/17/2024 | 41443 | 41443 | 38581 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4599485, 21.140%, 9/13/2029 †§x | Upstart | 9/18/2024 | 20745 | 20745 | 20507 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4600293, 23.150%, 9/13/2029 †§x | Upstart | 9/18/2024 | 28460 | 28460 | 27883 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4610746, 11.120%, 9/18/2029 †§x | Upstart | 9/23/2024 | 38522 | 38522 | 38531 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4611562, 14.320%, 9/18/2029 †§x | Upstart | 9/23/2024 | 35313 | 35313 | 35840 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4614461, 24.130%, 9/19/2029 †x◇ | Upstart | 9/24/2024 | 22156 | 22156 | 21838 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4614485, 15.310%, 9/19/2027 †§x | Upstart | 9/24/2024 | 23251 | 23251 | 23020 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4614641, 14.410%, 9/20/2029 †§x | Upstart | 9/25/2024 | 24970 | 24970 | 25352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4632785, 13.870%, 10/01/2029 †§x | Upstart | 10/04/2024 | 27895 | 27895 | 27279 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4640134, 13.840%, 10/01/2029 †§x | Upstart | 10/04/2024 | 21128 | 21128 | 20686 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4640490, 14.620%, 10/15/2029 †§x | Upstart | 10/04/2024 | 40230 | 40230 | 39342 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4641319, 16.390%, 10/01/2029 †§x# | Upstart | 10/04/2024 | 37824 | 37824 | 37028 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4643867, 21.280%, 10/02/2029 †§x | Upstart | 10/07/2024 | 28376 | 28376 | 27141 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4643920, 17.260%, 10/02/2029 †§x | Upstart | 10/07/2024 | 25971 | 25971 | 25395 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4643994, 19.970%, 10/02/2029 †§x | Upstart | 10/07/2024 | 30654 | 30654 | 29497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4644189, 16.060%, 10/02/2029 †§x | Upstart | 10/07/2024 | 40306 | 40421 | 39415 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4644212, 18.870%, 10/02/2029 †§x | Upstart | 10/07/2024 | 36377 | 36377 | 35013 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4644253, 14.260%, 10/18/2029 †§x# | Upstart | 10/08/2024 | 23213 | 23213 | 22708 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4644255, 23.730%, 10/02/2029 †§x | Upstart | 10/07/2024 | 41805 | 41805 | 40191 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4644328, 21.120%, 10/02/2029 †§x | Upstart | 10/07/2024 | 40510 | 40510 | 39022 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4644581, 12.410%, 10/02/2029 †§x | Upstart | 10/07/2024 | 25305 | 25305 | 25230 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4645559, 13.330%, 10/03/2029 †§x | Upstart | 10/08/2024 | 39735 | 39735 | 38871 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4645611, 23.180%, 10/03/2029 †§x# | Upstart | 10/08/2024 | 29076 | 29161 | 27767 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4645805, 21.010%, 10/03/2029 †§x | Upstart | 10/08/2024 | 22970 | 22970 | 22104 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4645817, 11.960%, 10/03/2029 †§x | Upstart | 10/08/2024 | 31820 | 31820 | 31729 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4645924, 17.610%, 3/03/2030 †x# | Upstart | 10/08/2024 | 26781 | 26852 | 26106 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4646776, 17.050%, 10/03/2029 †§x# | Upstart | 10/08/2024 | 40546 | 40546 | 39653 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4647039, 16.270%, 10/03/2029 †§x | Upstart | 10/08/2024 | 39985 | 39985 | 39107 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4647054, 14.550%, 10/03/2029 †§x | Upstart | 10/08/2024 | 24000 | 24000 | 23476 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4647067, 13.500%, 10/03/2029 †§x | Upstart | 10/08/2024 | 21476 | 21476 | 21410 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4647889, 22.180%, 10/03/2029 †§x | Upstart | 10/08/2024 | 41518 | 41518 | 39942 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4648000, 21.300%, 10/03/2029 †§x | Upstart | 10/08/2024 | 37629 | 37629 | 36208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4648831, 17.610%, 10/04/2029 †§x | Upstart | 10/09/2024 | 27158 | 27158 | 26563 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4648932, 13.060%, 10/04/2029 †§x | Upstart | 10/09/2024 | 25314 | 25314 | 25240 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4649097, 22.160%, 10/15/2029 †§x | Upstart | 10/09/2024 | 22732 | 22732 | 21686 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4650011, 16.920%, 10/04/2029 †§x | Upstart | 10/09/2024 | 39270 | 39270 | 38455 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4650387, 20.060%, 10/04/2029 †§x | Upstart | 10/09/2024 | 39294 | 39294 | 37564 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4652210, 24.050%, 10/07/2027 †§x | Upstart | 10/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25755 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4653036, 22.030%, 10/07/2029 †§x | Upstart | 10/10/2024 | 26412 | 26412 | 24904 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**282** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4653104, 15.090%, 10/07/2029 †§x | Upstart | 10/10/2024 | $40106 | $40220 | $39253 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4655583, 14.880%, 10/07/2029 †§x# | Upstart | 10/10/2024 | 30489 | 30489 | 29841 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4658283, 11.040%, 10/22/2027 †§x | Upstart | 10/10/2024 | 23953 | 23953 | 23869 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4659441, 18.140%, 10/08/2029 †§x | Upstart | 10/11/2024 | 20854 | 20914 | 20111 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4659498, 17.440%, 10/20/2029 †§x | Upstart | 10/11/2024 | 40632 | 40749 | 39767 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4662423, 13.510%, 10/08/2029 †§x | Upstart | 10/11/2024 | 39773 | 39773 | 39663 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4662442, 20.030%, 10/08/2029 †§x# | Upstart | 10/11/2024 | 25944 | 25944 | 25046 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4664985, 13.660%, 10/16/2029 †§x | Upstart | 10/15/2024 | 39908 | 39908 | 39800 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4665931, 17.990%, 10/10/2029 †§x | Upstart | 10/16/2024 | 33050 | 33050 | 32354 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4665995, 22.920%, 10/10/2029 †§x | Upstart | 10/16/2024 | 39938 | 39938 | 38229 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4666963, 22.990%, 10/10/2029 †§x | Upstart | 10/16/2024 | 41669 | 41669 | 39824 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4667121, 11.990%, 10/10/2029 †§x# | Upstart | 10/16/2024 | 29665 | 29665 | 29593 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4668368, 16.790%, 10/10/2029 †§x | Upstart | 10/16/2024 | 32042 | 32042 | 31370 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4668964, 19.390%, 3/11/2030 †x# | Upstart | 10/17/2024 | 30930 | 30930 | 29754 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4669077, 13.490%, 10/11/2027 †§x | Upstart | 10/17/2024 | 21113 | 21113 | 21079 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4669204, 15.310%, 10/11/2029 †§x | Upstart | 10/17/2024 | 27804 | 27804 | 27261 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4669343, 12.220%, 10/11/2029 †§x | Upstart | 10/17/2024 | 20443 | 20499 | 20393 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4670230, 16.820%, 10/11/2029 †§x | Upstart | 10/17/2024 | 34750 | 34750 | 34069 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4670736, 22.140%, 10/11/2029 †§x# | Upstart | 10/17/2024 | 21134 | 21134 | 20242 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4671190, 17.770%, 10/11/2027 †§x | Upstart | 10/17/2024 | 29285 | 29285 | 29209 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4671298, 18.920%, 10/11/2029 †§x | Upstart | 10/17/2024 | 35899 | 35899 | 35178 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4672624, 14.280%, 10/15/2029 †§x | Upstart | 10/18/2024 | 24024 | 24024 | 23543 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4673033, 19.710%, 10/15/2029 †§x# | Upstart | 10/18/2024 | 40429 | 40429 | 39103 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4673060, 22.600%, 10/15/2029 †§x | Upstart | 10/18/2024 | 25188 | 25188 | 24165 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4674137, 21.710%, 10/15/2029 †§x | Upstart | 10/18/2024 | 41429 | 41429 | 40004 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4674373, 14.190%, 10/15/2029 †§x | Upstart | 10/18/2024 | 39923 | 39923 | 39123 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4674387, 23.880%, 10/15/2029 †§x | Upstart | 10/18/2024 | 32541 | 32541 | 29378 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4675348, 23.840%, 10/15/2029 †§x | Upstart | 10/18/2024 | 28066 | 28066 | 26872 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4676320, 21.600%, 10/15/2029 †§x# | Upstart | 10/18/2024 | 33265 | 33265 | 32583 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4679246, 13.340%, 10/15/2029 †§x | Upstart | 10/18/2024 | 24954 | 24954 | 24455 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4680654, 19.990%, 3/16/2030 †x | Upstart | 10/21/2024 | 28376 | 28376 | 27088 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4680692, 17.190%, 3/16/2030 †x# | Upstart | 10/21/2024 | 26319 | 26319 | 24052 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4680718, 18.190%, 10/16/2029 †§x# | Upstart | 10/21/2024 | 41895 | 41895 | 38092 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776200, 21.710%, 11/20/2029 †§x | Upstart | 11/25/2024 | 42020 | 42020 | 39999 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776416, 18.600%, 11/20/2029 †§x | Upstart | 11/25/2024 | 22799 | 22799 | 22189 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776516, 12.700%, 11/20/2029 †§x | Upstart | 11/25/2024 | 30060 | 30060 | 29791 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776560, 10.230%, 11/20/2029 †§x | Upstart | 11/25/2024 | 29551 | 29551 | 29476 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776614, 22.940%, 11/20/2029 †§x | Upstart | 11/25/2024 | 29560 | 29560 | 28282 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776742, 23.210%, 11/20/2029 †§x | Upstart | 11/25/2024 | 25373 | 25373 | 24149 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776761, 15.850%, 11/20/2029 †§x | Upstart | 11/25/2024 | 21690 | 21690 | 21109 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776934, 23.200%, 11/20/2029 †§x | Upstart | 11/25/2024 | 42285 | 42285 | 39696 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4776981, 18.880%, 11/20/2029 †§x | Upstart | 11/25/2024 | 40672 | 40672 | 39585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4777003, 18.260%, 11/20/2029 †§x | Upstart | 11/25/2024 | 41371 | 41371 | 39456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4777443, 24.170%, 11/20/2029 †§x | Upstart | 11/25/2024 | 42456 | 42456 | 40405 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4777592, 21.960%, 11/20/2029 †§x | Upstart | 11/25/2024 | 39557 | 39557 | 37140 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4777984, 21.690%, 11/20/2029 †§x | Upstart | 11/25/2024 | 35549 | 35549 | 33839 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4779167, 22.980%, 11/21/2029 †§x | Upstart | 11/26/2024 | 42248 | 42375 | 40226 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4779263, 20.220%, 11/21/2029 †§x | Upstart | 11/26/2024 | 41049 | 41049 | 39146 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4779438, 24.360%, 11/21/2029 †§x | Upstart | 11/26/2024 | 34082 | 34082 | 32752 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4779566, 21.140%, 11/21/2029 †§x | Upstart | 11/26/2024 | 21161 | 21161 | 20241 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4779860, 19.830%, 11/21/2029 †§x | Upstart | 11/26/2024 | 35019 | 35019 | 33636 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4780121, 13.760%, 11/21/2029 †§x | Upstart | 11/26/2024 | 20834 | 20834 | 20300 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4780677, 14.080%, 11/21/2029 †§x | Upstart | 11/26/2024 | 30025 | 30111 | 29223 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4780782, 23.250%, 11/21/2029 †§x | Upstart | 11/26/2024 | 23179 | 23179 | 22254 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4780891, 13.000%, 11/21/2029 †§x | Upstart | 11/26/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23610 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4781315, 11.690%, 11/21/2029 †§x | Upstart | 11/26/2024 | 41215 | 41215 | 40832 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**283** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4781602, 23.140%, 11/22/2029 †§x | Upstart | 11/27/2024 | $34150 | $34150 | $32827 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4781744, 21.190%, 11/21/2029 †§x | Upstart | 11/26/2024 | 33562 | 33562 | 32231 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4781798, 12.290%, 11/21/2029 †§x | Upstart | 11/26/2024 | 31283 | 31372 | 31004 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4781835, 15.430%, 11/21/2029 †§x | Upstart | 11/26/2024 | 40842 | 40842 | 39752 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4782376, 22.850%, 11/22/2029 †§x | Upstart | 11/27/2024 | 24067 | 24067 | 22924 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4782420, 13.730%, 11/22/2029 †§x | Upstart | 11/27/2024 | 40501 | 40501 | 39423 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4782760, 16.960%, 11/22/2029 †§x | Upstart | 11/27/2024 | 41137 | 41137 | 40046 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4783832, 22.160%, 11/22/2029 †§x | Upstart | 11/27/2024 | 24755 | 24755 | 23580 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784094, 17.870%, 11/22/2029 †§x | Upstart | 11/27/2024 | 41313 | 41433 | 40219 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784199, 23.150%, 3/22/2030 †x# | Upstart | 11/27/2024 | 40368 | 40368 | 38325 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784440, 22.410%, 11/22/2029 †§x | Upstart | 11/27/2024 | 33089 | 33089 | 31562 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784459, 17.390%, 10/01/2030 †x# | Upstart | 11/27/2024 | 34684 | 34684 | 33659 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784514, 13.030%, 11/22/2029 †§x | Upstart | 11/27/2024 | 20352 | 20352 | 20180 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784673, 13.900%, 11/22/2029 †§x | Upstart | 11/27/2024 | 40534 | 40534 | 39456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784810, 18.300%, 11/25/2029 †§x | Upstart | 11/29/2024 | 39573 | 39573 | 38543 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4784988, 21.200%, 11/22/2029 †§x | Upstart | 11/27/2024 | 41931 | 41931 | 39944 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4787025, 13.630%, 11/25/2029 †§x | Upstart | 11/29/2024 | 38052 | 38052 | 37056 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4790506, 12.480%, 11/25/2029 †§x | Upstart | 11/29/2024 | 32547 | 32547 | 32276 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4790542, 23.400%, 11/25/2029 †§x# | Upstart | 11/29/2024 | 25904 | 25904 | 24661 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4791061, 16.870%, 11/25/2029 †§x | Upstart | 11/29/2024 | 28747 | 28747 | 28029 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4791166, 21.890%, 12/01/2029 †§x# | Upstart | 11/29/2024 | 42823 | 42823 | 40772 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4791370, 13.490%, 4/25/2030 †x# | Upstart | 11/29/2024 | 42346 | 42346 | 41155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4791374, 13.900%, 11/25/2029 †§x | Upstart | 11/29/2024 | 28377 | 28377 | 27634 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4792573, 16.040%, 11/26/2029 †x◇ | Upstart | 12/02/2024 | 25864 | 25864 | 25222 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4793168, 17.410%, 11/26/2029 †§x | Upstart | 12/02/2024 | 24629 | 24629 | 24017 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4793187, 12.240%, 12/11/2029 †§x# | Upstart | 12/02/2024 | 30585 | 30585 | 30293 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4793275, 12.130%, 11/26/2029 †§x | Upstart | 12/02/2024 | 23946 | 23946 | 23749 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4794820, 16.970%, 11/26/2029 †§x | Upstart | 12/02/2024 | 24277 | 24277 | 23671 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4796286, 11.950%, 11/26/2029 †§x | Upstart | 12/02/2024 | 40141 | 40141 | 39811 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4796596, 18.220%, 11/27/2029 †§x# | Upstart | 12/03/2024 | 22240 | 22240 | 21684 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797122, 18.380%, 11/27/2029 †x◇ | Upstart | 12/03/2024 | 39753 | 39753 | 38762 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797232, 14.770%, 11/27/2029 †§x | Upstart | 12/03/2024 | 28543 | 28543 | 27841 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797375, 22.920%, 11/27/2029 †§x | Upstart | 12/03/2024 | 21118 | 21118 | 20175 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797381, 13.940%, 12/01/2029 †§x | Upstart | 12/03/2024 | 41274 | 41274 | 40034 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797669, 24.360%, 11/27/2029 †§x | Upstart | 12/03/2024 | 30252 | 30252 | 28560 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797686, 17.320%, 11/27/2029 †§x# | Upstart | 12/03/2024 | 40928 | 40928 | 39914 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797704, 14.780%, 11/27/2029 †§x | Upstart | 12/03/2024 | 21805 | 21805 | 21278 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4797940, 23.220%, 11/27/2029 †§x | Upstart | 12/03/2024 | 36370 | 36370 | 34744 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798053, 17.100%, 11/27/2029 †§x# | Upstart | 12/03/2024 | 28148 | 28148 | 26873 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798160, 15.010%, 11/27/2029 †x◇ | Upstart | 12/03/2024 | 26085 | 26085 | 25434 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798235, 15.000%, 11/27/2029 †§x | Upstart | 12/03/2024 | 28530 | 28530 | 27818 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798475, 12.590%, 11/27/2029 †§x | Upstart | 12/03/2024 | 40226 | 40226 | 39221 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798526, 11.490%, 11/27/2029 †§x | Upstart | 12/03/2024 | 40045 | 40045 | 39714 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798641, 22.660%, 11/27/2029 †§x# | Upstart | 12/03/2024 | 33477 | 33477 | 32225 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798692, 22.840%, 11/27/2029 †§x | Upstart | 12/03/2024 | 23614 | 23614 | 22559 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798774, 24.340%, 11/27/2029 †§x | Upstart | 12/03/2024 | 27078 | 27078 | 25874 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4798802, 9.360%, 11/27/2029 †§x | Upstart | 12/03/2024 | 39597 | 39597 | 39515 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4799172, 13.370%, 11/27/2029 †§x | Upstart | 12/03/2024 | 40432 | 40432 | 39422 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4799820, 20.480%, 12/01/2029 †§x | Upstart | 12/04/2024 | 21048 | 21048 | 20106 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4799876, 21.490%, 12/01/2029 †§x | Upstart | 12/04/2024 | 23046 | 23046 | 21744 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4799957, 18.050%, 12/01/2029 †§x | Upstart | 12/04/2024 | 31213 | 31213 | 30258 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4799960, 22.660%, 12/01/2029 †§x | Upstart | 12/04/2024 | 34305 | 34305 | 32710 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4799975, 15.690%, 12/01/2029 †§x | Upstart | 12/04/2024 | 28768 | 28768 | 27883 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800030, 17.300%, 12/01/2029 †§x | Upstart | 12/04/2024 | 41921 | 41921 | 40636 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800088, 13.630%, 12/01/2029 †§x | Upstart | 12/04/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39542 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800104, 19.510%, 12/01/2029 †§x | Upstart | 12/04/2024 | 21164 | 21164 | 20184 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**284** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800141, 23.150%, 12/16/2029 †x | Upstart | 12/04/2024 | $23523 | $23523 | $21795 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800333, 23.420%, 12/01/2029 †x | Upstart | 12/04/2024 | 29338 | 29338 | 27678 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800366, 20.910%, 12/01/2029 †§x | Upstart | 12/04/2024 | 21651 | 21651 | 20653 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800448, 22.570%, 12/15/2029 †§x | Upstart | 12/04/2024 | 26536 | 26536 | 24576 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800450, 20.580%, 12/01/2029 †§x | Upstart | 12/04/2024 | 21259 | 21259 | 20273 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800472, 20.900%, 12/01/2029 †§x | Upstart | 12/04/2024 | 27373 | 27373 | 26143 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4800493, 11.460%, 12/01/2029 †§x | Upstart | 12/04/2024 | 40140 | 40140 | 39740 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4833829, 22.280%, 12/16/2029 †§x | Upstart | 12/19/2024 | 42740 | 42740 | 40578 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4850008, 17.070%, 5/16/2030 †x# | Upstart | 12/19/2024 | 46119 | 46119 | 44402 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4850783, 19.790%, 12/23/2029 †§x | Upstart | 12/27/2024 | 22740 | 22740 | 21856 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4853853, 11.350%, 12/19/2029 †§x | Upstart | 12/24/2024 | 40736 | 40736 | 40358 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4855514, 14.960%, 12/16/2029 †§x | Upstart | 12/19/2024 | 30411 | 30411 | 29550 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4855855, 17.320%, 12/16/2029 †§x | Upstart | 12/19/2024 | 41870 | 41870 | 40688 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4855902, 22.110%, 5/16/2030 †x# | Upstart | 12/19/2024 | 30464 | 30464 | 28883 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4855955, 17.610%, 12/16/2029 †§x | Upstart | 12/19/2024 | 37730 | 37840 | 36166 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4856010, 15.700%, 12/16/2029 †§x | Upstart | 12/19/2024 | 23702 | 23702 | 23031 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4856936, 23.250%, 12/18/2029 †§x# | Upstart | 12/19/2024 | 37166 | 37166 | 34819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4857320, 23.270%, 5/16/2030 †x# | Upstart | 12/19/2024 | 43776 | 43776 | 39226 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4859340, 22.830%, 12/16/2029 †§x | Upstart | 12/19/2024 | 34349 | 34451 | 32908 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4864400, 21.960%, 12/17/2029 †§x | Upstart | 12/20/2024 | 28866 | 28866 | 27449 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4864421, 17.150%, 5/17/2030 †x# | Upstart | 12/20/2024 | 22992 | 22992 | 20879 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4864452, 19.470%, 12/17/2029 †§x | Upstart | 12/20/2024 | 42500 | 42500 | 38359 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4864605, 19.360%, 12/28/2029 †§x# | Upstart | 12/20/2024 | 20681 | 20681 | 20081 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4864810, 15.060%, 12/17/2029 †§x | Upstart | 12/20/2024 | 20726 | 20726 | 20142 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4865046, 18.450%, 12/17/2029 †§x | Upstart | 12/20/2024 | 33665 | 33665 | 32276 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4865230, 17.930%, 12/17/2029 †§x | Upstart | 12/20/2024 | 41870 | 41870 | 40735 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4865640, 18.570%, 12/17/2029 †§x | Upstart | 12/20/2024 | 23875 | 23875 | 22910 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4866516, 16.310%, 12/17/2029 †§x | Upstart | 12/20/2024 | 20707 | 20707 | 20146 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4868865, 19.950%, 5/18/2030 †x# | Upstart | 12/23/2024 | 43048 | 43048 | 41161 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4868900, 24.390%, 5/18/2030 †x# | Upstart | 12/23/2024 | 42108 | 42108 | 37234 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4870192, 19.860%, 12/18/2029 †§x | Upstart | 12/23/2024 | 42325 | 42325 | 40584 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4870481, 21.740%, 12/18/2029 †§x | Upstart | 12/23/2024 | 39124 | 39124 | 35288 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4870525, 24.350%, 12/18/2029 †§x | Upstart | 12/23/2024 | 26246 | 26246 | 23295 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4870734, 14.750%, 12/18/2029 †§x | Upstart | 12/23/2024 | 22084 | 22084 | 21484 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4871103, 14.030%, 12/18/2027 †§x | Upstart | 12/23/2024 | 23766 | 23766 | 23163 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4871368, 21.410%, 12/18/2029 †§x | Upstart | 12/23/2024 | 30757 | 30757 | 29513 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4871377, 23.290%, 12/18/2029 †§x | Upstart | 12/23/2024 | 24977 | 24977 | 23381 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4871543, 13.000%, 12/18/2029 †§x | Upstart | 12/23/2024 | 41058 | 41058 | 39903 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4873816, 23.530%, 12/19/2029 †§x | Upstart | 12/24/2024 | 25651 | 25651 | 24067 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4875813, 23.010%, 12/20/2029 †§x | Upstart | 12/26/2024 | 24516 | 24516 | 23309 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4877301, 22.380%, 12/20/2029 †§x | Upstart | 12/26/2024 | 29929 | 29929 | 28707 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4877306, 14.500%, 12/20/2029 †§x | Upstart | 12/26/2024 | 30529 | 30529 | 29712 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4877702, 14.100%, 12/20/2029 †§x | Upstart | 12/26/2024 | 28319 | 28319 | 27531 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4877979, 20.710%, 12/20/2029 †§x | Upstart | 12/26/2024 | 33977 | 33977 | 32307 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4878141, 15.490%, 12/20/2029 †§x | Upstart | 12/26/2024 | 30735 | 30735 | 29882 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4878162, 20.500%, 12/20/2029 †§x | Upstart | 12/26/2024 | 24222 | 24222 | 23219 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4878482, 24.390%, 12/23/2029 †§x | Upstart | 12/27/2024 | 40312 | 40312 | 38346 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4878625, 21.480%, 12/20/2029 †§x | Upstart | 12/26/2024 | 29053 | 29053 | 27625 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4880161, 15.760%, 12/23/2029 †§x | Upstart | 12/27/2024 | 34848 | 34848 | 33896 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4881776, 22.720%, 12/23/2029 †§x# | Upstart | 12/27/2024 | 22801 | 22801 | 21680 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4882240, 23.220%, 12/23/2029 †§x | Upstart | 12/27/2024 | 29428 | 29428 | 28008 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4882607, 14.940%, 12/23/2029 †§x | Upstart | 12/27/2024 | 39942 | 39942 | 38850 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4884162, 21.370%, 12/23/2029 †§x# | Upstart | 12/27/2024 | 43166 | 43166 | 41406 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4884657, 20.430%, 12/23/2029 †§x | Upstart | 12/27/2024 | 32666 | 32666 | 31095 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4884766, 14.270%, 12/23/2029 †§x | Upstart | 12/27/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26191 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4885265, 16.690%, 10/23/2030 †x# | Upstart | 12/27/2024 | 23273 | 23273 | 22611 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**285** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4885504, 21.510%, 5/23/2030 †x# | Upstart | 12/27/2024 | $28294 | $28294 | $27362 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4886662, 23.290%, 12/23/2029 †§x | Upstart | 12/27/2024 | 30465 | 30465 | 28995 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4887309, 23.260%, 12/24/2029 †§x | Upstart | 12/30/2024 | 42047 | 42047 | 39485 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4887998, 23.390%, 10/24/2030 †x | Upstart | 12/30/2024 | 22445 | 22445 | 21346 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4973577, 15.380%, 1/27/2030 †§x | Upstart | 1/30/2025 | 39375 | 39491 | 38308 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4973674, 24.180%, 1/27/2030 †§x | Upstart | 1/30/2025 | 28776 | 28776 | 27411 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4973744, 21.410%, 1/27/2030 †§x | Upstart | 1/30/2025 | 28922 | 28922 | 27557 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4973815, 23.270%, 1/27/2030 †§x | Upstart | 1/30/2025 | 30247 | 30247 | 28814 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4973921, 21.820%, 2/10/2030 †§x# | Upstart | 1/30/2025 | 22695 | 22695 | 21342 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4973929, 16.800%, 1/27/2030 †§x | Upstart | 1/30/2025 | 27553 | 27553 | 26493 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4973980, 19.090%, 1/27/2030 †§x | Upstart | 1/30/2025 | 42788 | 42788 | 41123 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4974453, 21.870%, 1/27/2030 †§x | Upstart | 1/30/2025 | 25944 | 25944 | 24925 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4974613, 20.010%, 1/27/2030 †§x | Upstart | 1/30/2025 | 30057 | 30057 | 28884 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4974707, 22.680%, 1/27/2030 †§x | Upstart | 1/30/2025 | 39203 | 39203 | 37348 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4974889, 10.370%, 1/27/2030 †§x | Upstart | 1/30/2025 | 41248 | 41367 | 41135 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4975114, 12.420%, 1/27/2030 †§x | Upstart | 1/30/2025 | 27474 | 27554 | 26727 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4975301, 16.750%, 1/27/2030 †§x | Upstart | 1/30/2025 | 39166 | 39166 | 38113 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4976689, 12.790%, 1/27/2030 †§x | Upstart | 1/30/2025 | 27046 | 27046 | 26315 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4976701, 21.080%, 1/27/2030 †§x# | Upstart | 1/30/2025 | 30892 | 30892 | 29459 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4977876, 16.600%, 1/27/2030 †§x# | Upstart | 1/30/2025 | 23233 | 23297 | 22608 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4978102, 14.640%, 1/27/2030 †§x | Upstart | 1/30/2025 | 42027 | 42027 | 40887 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4979625, 12.120%, 1/28/2030 †§x# | Upstart | 1/31/2025 | 27295 | 27295 | 26446 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4980549, 18.760%, 2/05/2030 †x◇ | Upstart | 2/10/2025 | 28654 | 28654 | 27361 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4982101, 19.580%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 42142 | 42142 | 40198 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4982658, 18.490%, 1/28/2030 †§x | Upstart | 2/03/2025 | 27776 | 27776 | 26498 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4982756, 15.330%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 23949 | 23949 | 22848 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4982762, 15.820%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 42331 | 42331 | 41019 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4982773, 13.660%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 33908 | 33908 | 32852 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4982917, 20.000%, 1/28/2028 †§x# | Upstart | 2/03/2025 | 21515 | 21515 | 20702 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4982970, 16.530%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 23370 | 23370 | 22647 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983004, 24.280%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 40319 | 40319 | 38037 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983208, 11.040%, 1/28/2028 †§x# | Upstart | 2/03/2025 | 22896 | 22896 | 22624 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983410, 18.130%, 1/28/2030 †§x | Upstart | 2/03/2025 | 23437 | 23437 | 22718 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983493, 16.750%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 28288 | 28288 | 27413 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983640, 21.460%, 1/28/2030 †§x | Upstart | 2/03/2025 | 27146 | 27146 | 25888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983674, 19.780%, 1/28/2028 †§x# | Upstart | 2/03/2025 | 33163 | 33163 | 31911 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983841, 16.410%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 21211 | 21211 | 20555 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983909, 13.810%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 42598 | 42598 | 41246 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4983928, 16.220%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 21456 | 21456 | 20791 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4984048, 15.380%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 26861 | 26861 | 26028 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4984144, 23.230%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 31433 | 31433 | 29646 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4984187, 14.810%, 1/28/2030 †§x | Upstart | 2/03/2025 | 41772 | 41772 | 40481 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4984490, 22.730%, 1/28/2030 †§x# | Upstart | 2/03/2025 | 31063 | 31063 | 29334 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4985646, 18.180%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 24034 | 24034 | 23273 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4985647, 13.890%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 35126 | 35126 | 34027 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4985689, 12.830%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 21966 | 22030 | 21283 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4985728, 18.640%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 28548 | 28548 | 27223 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4986601, 20.540%, 6/28/2030 †x# | Upstart | 2/04/2025 | 45201 | 45201 | 42654 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4986602, 22.950%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 34666 | 34666 | 32699 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4986614, 26.250%, 1/28/2030 †x# | Upstart | 2/04/2025 | 44004 | 44004 | 40710 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4986797, 16.420%, 1/28/2028 †x#◇ | Upstart | 2/04/2025 | 27719 | 27719 | 26853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4986832, 17.500%, 1/28/2030 †x◇ | Upstart | 2/04/2025 | 22903 | 22903 | 22193 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4986875, 21.730%, 1/28/2030 †x◇ | Upstart | 2/04/2025 | 42626 | 42626 | 40642 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987325, 19.400%, 6/28/2030 †x# | Upstart | 2/04/2025 | 40550 | 40550 | 39229 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987364, 15.140%, 1/28/2030 †x◇ | Upstart | 2/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23679 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987384, 12.090%, 1/28/2030 †x◇ | Upstart | 2/04/2025 | 32035 | 32035 | 31036 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**286** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987462, 23.150%, 1/28/2030 †x | Upstart | 2/04/2025 | $38718 | $38718 | $36532 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987673, 9.860%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 22588 | 22588 | 22498 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987697, 23.640%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 28674 | 28674 | 27328 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987836, 14.270%, 1/28/2030 †x#◇ | Upstart | 2/04/2025 | 35528 | 35528 | 34422 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4987939, 21.960%, 1/28/2030 †x◇ | Upstart | 2/04/2025 | 29696 | 29738 | 28316 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988308, 19.120%, 4/28/2030 †x# | Upstart | 2/05/2025 | 40184 | 40184 | 38470 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988382, 22.720%, 1/28/2030 †x | Upstart | 2/05/2025 | 23469 | 23469 | 21736 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988431, 14.640%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 42607 | 42607 | 41268 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988616, 19.830%, 1/28/2030 †x◇ | Upstart | 2/05/2025 | 26024 | 26070 | 24813 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988662, 22.720%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 29441 | 29441 | 27764 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988807, 19.470%, 1/28/2030 †x | Upstart | 2/05/2025 | 24082 | 24082 | 22962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988818, 21.670%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 43665 | 43665 | 41613 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4988943, 16.570%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 25732 | 25732 | 24924 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4989339, 19.530%, 6/28/2030 †x# | Upstart | 2/05/2025 | 42061 | 42061 | 40403 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4989531, 15.550%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 21376 | 21438 | 20704 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4989640, 22.560%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 37309 | 37309 | 35185 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4989831, 12.750%, 1/28/2030 †x◇ | Upstart | 2/05/2025 | 30284 | 30284 | 29334 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4989868, 19.640%, 2/06/2030 †x#◇ | Upstart | 2/05/2025 | 35622 | 35622 | 33959 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4989930, 13.030%, 1/28/2030 †x◇ | Upstart | 2/05/2025 | 31405 | 31405 | 30421 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4990142, 15.190%, 1/28/2030 †x#◇ | Upstart | 2/05/2025 | 32264 | 32264 | 31250 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4990145, 14.150%, 1/28/2030 †x◇ | Upstart | 2/05/2025 | 25058 | 25058 | 24274 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4991126, 24.880%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 21847 | 21847 | 20826 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4991270, 13.750%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 23134 | 23134 | 22411 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4991308, 15.830%, 2/03/2028 †x◇ | Upstart | 2/06/2025 | 36212 | 36212 | 35051 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4991452, 21.110%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 29941 | 29941 | 28556 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4991592, 21.860%, 2/17/2030 †x | Upstart | 2/06/2025 | 24518 | 24518 | 23381 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4992056, 13.410%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 42631 | 42631 | 41274 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4992074, 19.850%, 2/18/2030 †x | Upstart | 2/06/2025 | 28677 | 28677 | 27354 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4992159, 21.640%, 2/03/2030 †x | Upstart | 2/06/2025 | 25529 | 25529 | 24101 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4992416, 23.280%, 2/03/2030 †x | Upstart | 2/06/2025 | 22000 | 22000 | 20403 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4992820, 15.820%, 2/03/2030 †x#◇ | Upstart | 2/06/2025 | 41521 | 41521 | 40232 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4992857, 23.180%, 2/03/2030 †x | Upstart | 2/06/2025 | 28823 | 28823 | 26732 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4993038, 13.760%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 37216 | 37325 | 36827 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4993504, 19.380%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 42577 | 42577 | 40619 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4993650, 20.370%, 2/03/2030 †x# | Upstart | 2/06/2025 | 24828 | 24828 | 23442 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4993948, 20.810%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 25024 | 25024 | 23871 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4996640, 16.710%, 2/03/2030 †x◇ | Upstart | 2/06/2025 | 26197 | 26197 | 25365 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4998139, 18.940%, 2/04/2030 †x◇ | Upstart | 2/07/2025 | 26014 | 26014 | 24826 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4998677, 22.030%, 2/09/2030 †x | Upstart | 2/07/2025 | 26816 | 26816 | 25315 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4998728, 18.300%, 2/04/2030 †x◇ | Upstart | 2/07/2025 | 34005 | 34005 | 32456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4999575, 19.440%, 2/04/2030 †x◇ | Upstart | 2/07/2025 | 42737 | 42737 | 40783 |
| &nbsp;&nbsp;&nbsp;&nbsp; L4999747, 16.030%, 2/04/2030 †x◇ | Upstart | 2/07/2025 | 21449 | 21513 | 20783 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5001667, 16.800%, 2/05/2028 †x◇ | Upstart | 2/10/2025 | 22667 | 22667 | 21948 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5002365, 20.600%, 2/20/2030 †x | Upstart | 2/10/2025 | 21195 | 21195 | 20020 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5002872, 23.180%, 2/05/2030 †x | Upstart | 2/10/2025 | 28708 | 28744 | 26653 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5003447, 23.070%, 2/13/2030 †x◇ | Upstart | 2/11/2025 | 44190 | 44190 | 42169 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5003460, 24.000%, 2/05/2030 †x◇ | Upstart | 2/10/2025 | 43572 | 43705 | 41565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5003632, 22.170%, 2/05/2030 †x◇ | Upstart | 2/10/2025 | 28943 | 28943 | 27615 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5003780, 21.510%, 2/05/2030 †x◇ | Upstart | 2/10/2025 | 42869 | 42869 | 40909 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5004017, 25.800%, 2/26/2030 †x | Upstart | 2/14/2025 | 21966 | 22039 | 20442 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5004638, 23.840%, 2/05/2030 †x◇ | Upstart | 2/10/2025 | 21070 | 21070 | 20100 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5007546, 23.270%, 2/07/2030 †x | Upstart | 2/12/2025 | 23672 | 23744 | 22376 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5010150, 19.400%, 2/07/2030 †x◇ | Upstart | 2/12/2025 | 23679 | 23679 | 22618 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5010412, 22.730%, 2/07/2030 †x | Upstart | 2/12/2025 | 35677 | 35677 | 34071 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5011954, 15.680%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41548 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5012112, 12.820%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 37197 | 37197 | 36070 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**287** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5012325, 19.040%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | $34697 | $34697 | $33170 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5012546, 15.320%, 2/10/2030 †x#◇ | Upstart | 2/13/2025 | 25517 | 25517 | 25253 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5012628, 21.680%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 28459 | 28459 | 27195 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5012863, 14.210%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 21603 | 21603 | 20954 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013260, 15.460%, 7/10/2030 †x# | Upstart | 2/13/2025 | 20965 | 20965 | 20308 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013262, 16.690%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 23394 | 23394 | 22688 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013285, 23.030%, 2/10/2030 †x | Upstart | 2/13/2025 | 43085 | 43085 | 40107 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013364, 17.460%, 2/10/2030 †x#◇ | Upstart | 2/13/2025 | 23827 | 23827 | 23114 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013506, 19.500%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 37033 | 37033 | 35409 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013589, 17.610%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 28220 | 28220 | 27368 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013640, 18.480%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 21944 | 21944 | 21286 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013665, 14.350%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 39896 | 39896 | 38689 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5013782, 19.820%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 26096 | 26096 | 24945 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5014149, 14.410%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 34107 | 34107 | 33075 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5014698, 19.230%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 28277 | 28277 | 27032 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5014895, 22.070%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 43827 | 43827 | 41881 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5015215, 16.270%, 2/12/2030 †x#◇ | Upstart | 2/13/2025 | 23370 | 23370 | 22665 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5016072, 11.160%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 27481 | 27551 | 27201 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5018735, 22.550%, 2/10/2030 †x | Upstart | 2/13/2025 | 35118 | 35225 | 33234 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5018747, 14.200%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 21300 | 21300 | 21079 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5018884, 16.410%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 37375 | 37375 | 36246 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5019025, 18.150%, 2/10/2030 †x◇ | Upstart | 2/13/2025 | 28284 | 28284 | 27037 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5019046, 23.210%, 2/10/2030 †x | Upstart | 2/13/2025 | 34754 | 34754 | 32887 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5020306, 18.920%, 2/11/2030 †x◇ | Upstart | 2/14/2025 | 43353 | 43353 | 42051 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5022086, 19.050%, 2/11/2030 †x◇ | Upstart | 2/14/2025 | 43379 | 43379 | 41482 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5022516, 12.810%, 2/11/2030 †x#◇ | Upstart | 2/14/2025 | 25304 | 25304 | 24541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5023520, 14.470%, 2/12/2030 †x◇ | Upstart | 2/18/2025 | 21748 | 21748 | 21097 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5023692, 23.900%, 2/12/2030 †x | Upstart | 2/18/2025 | 28658 | 28746 | 27137 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5023867, 15.890%, 2/12/2030 †x◇ | Upstart | 2/18/2025 | 21438 | 21438 | 20797 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5024005, 16.110%, 2/12/2030 †x◇ | Upstart | 2/18/2025 | 42912 | 42912 | 41627 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5024494, 25.540%, 2/12/2030 †x | Upstart | 2/18/2025 | 43786 | 43786 | 40792 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5024841, 18.100%, 2/12/2030 †x◇ | Upstart | 2/18/2025 | 25743 | 25743 | 24626 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5026017, 21.350%, 2/13/2030 †x◇ | Upstart | 2/19/2025 | 24921 | 24921 | 23838 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5026441, 18.950%, 2/12/2030 †x◇ | Upstart | 2/18/2025 | 43360 | 43490 | 41476 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5026632, 14.760%, 2/13/2030 †x◇ | Upstart | 2/19/2025 | 26896 | 26896 | 26094 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5026681, 13.000%, 2/13/2028 †x◇ | Upstart | 2/19/2025 | 35425 | 35425 | 35042 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5026702, 16.740%, 2/13/2030 †x#◇ | Upstart | 2/19/2025 | 25865 | 25865 | 25107 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5026783, 17.380%, 2/13/2028 †x◇ | Upstart | 2/19/2025 | 20937 | 20937 | 20332 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5026795, 23.220%, 2/25/2030 †x# | Upstart | 2/19/2025 | 25409 | 25487 | 24071 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5168867, 23.190%, 4/01/2030 †x◇ | Upstart | 4/04/2025 | 21652 | 21652 | 20474 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5169165, 11.130%, 4/01/2030 †x◇ | Upstart | 4/04/2025 | 28270 | 28270 | 27927 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5170711, 18.530%, 4/01/2030 †x◇ | Upstart | 4/04/2025 | 31227 | 31227 | 30185 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5171594, 23.530%, 4/01/2030 †x# | Upstart | 4/04/2025 | 27343 | 27343 | 25948 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5171867, 15.020%, 4/01/2030 †x◇ | Upstart | 4/04/2025 | 22032 | 22032 | 21289 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5172957, 11.900%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 43609 | 43609 | 43081 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5173003, 19.770%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 23254 | 23254 | 22072 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5173122, 21.620%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 44959 | 44959 | 42676 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5173277, 15.800%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 37074 | 37074 | 35848 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5173309, 11.600%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 43564 | 43694 | 43036 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5173508, 16.310%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 30178 | 30178 | 29168 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5175072, 16.040%, 4/02/2030 †x◇ | Upstart | 4/07/2025 | 33157 | 33157 | 32047 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5262424, 18.050%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 45098 | 45237 | 42850 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5268497, 16.720%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 22464 | 22464 | 21716 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5278787, 16.160%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | 44854 | 44854 | 43353 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5278892, 21.670%, 5/01/2028 †x◇ | Upstart | 5/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32139 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5280843, 14.760%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | 40652 | 40652 | 39284 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**288** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5280859, 21.880%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | $24348 | $24348 | $23172 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5280943, 11.570%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | 32233 | 32233 | 31845 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5281407, 17.480%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | 21614 | 21614 | 20530 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5282044, 25.890%, 5/01/2030 †x | Upstart | 5/06/2025 | 25446 | 25446 | 23644 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5282304, 23.030%, 5/01/2030 †x◇ | Upstart | 5/06/2025 | 31342 | 31342 | 29674 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5283255, 23.000%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 30154 | 30154 | 28559 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5283312, 16.810%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 31546 | 31546 | 30496 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5284028, 12.470%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 30374 | 30374 | 30011 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5285129, 19.590%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 23548 | 23548 | 22376 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5285374, 19.890%, 5/02/2028 †x◇ | Upstart | 5/07/2025 | 36975 | 36975 | 35384 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5287062, 22.020%, 5/02/2030 †x | Upstart | 5/07/2025 | 45887 | 45887 | 42565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5287497, 18.480%, 5/02/2030 †x◇ | Upstart | 5/07/2025 | 45147 | 45147 | 43654 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5288792, 11.200%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 23421 | 23421 | 23141 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5288855, 16.500%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 28662 | 28662 | 27722 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5288929, 20.490%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 22604 | 22604 | 21498 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5289046, 22.820%, 5/05/2030 †x | Upstart | 5/08/2025 | 35525 | 35525 | 32965 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5289073, 23.390%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 27346 | 27346 | 26013 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5289083, 16.780%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 36038 | 36038 | 34854 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5289328, 15.260%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 30512 | 30512 | 29504 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5289759, 18.280%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 27077 | 27077 | 25749 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5289919, 18.620%, 10/05/2030 †x# | Upstart | 5/08/2025 | 40762 | 40762 | 39505 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5290478, 23.280%, 10/05/2030 †x# | Upstart | 5/08/2025 | 21772 | 21832 | 20326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5290607, 14.120%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 41765 | 41765 | 40398 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5290777, 15.230%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 25141 | 25141 | 24310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5291676, 21.420%, 5/05/2030 †x | Upstart | 5/08/2025 | 34425 | 34425 | 32723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5291741, 16.840%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 25703 | 25703 | 24859 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5291898, 14.920%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 31266 | 31266 | 30232 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5292421, 18.040%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 23926 | 23926 | 23140 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5292424, 20.910%, 5/05/2030 †x | Upstart | 5/08/2025 | 45903 | 46037 | 43527 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5292584, 23.290%, 5/15/2030 †x | Upstart | 5/08/2025 | 42783 | 42911 | 40567 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5292648, 20.960%, 5/05/2030 †x#◇ | Upstart | 5/08/2025 | 45219 | 45219 | 42958 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5292699, 14.750%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 40205 | 40205 | 38874 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5293010, 22.190%, 5/05/2030 †x# | Upstart | 5/08/2025 | 45272 | 45272 | 42001 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5293270, 22.770%, 5/05/2030 †x# | Upstart | 5/08/2025 | 22442 | 22442 | 20815 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5296672, 12.310%, 5/05/2030 †x◇ | Upstart | 5/08/2025 | 44343 | 44343 | 43815 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5302992, 19.790%, 3/06/2031 †x | Upstart | 5/09/2025 | 45848 | 45848 | 43685 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5304945, 19.570%, 5/06/2030 †x◇ | Upstart | 5/12/2025 | 25354 | 25343 | 24120 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5306215, 20.830%, 5/07/2030 †x◇ | Upstart | 5/12/2025 | 40889 | 41018 | 38912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5306338, 11.770%, 5/07/2030 †x◇ | Upstart | 5/12/2025 | 20830 | 20830 | 20585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5309004, 19.020%, 5/07/2030 †x◇ | Upstart | 5/12/2025 | 22607 | 22607 | 21511 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5310800, 14.160%, 5/09/2030 †x◇ | Upstart | 5/14/2025 | 30502 | 30502 | 29507 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5311711, 17.560%, 5/08/2030 †x◇ | Upstart | 5/13/2025 | 26119 | 26119 | 24858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5311719, 16.650%, 5/08/2030 †x#◇ | Upstart | 5/13/2025 | 21934 | 21934 | 21220 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5312297, 21.760%, 5/08/2030 †x#◇ | Upstart | 5/13/2025 | 26636 | 26723 | 25253 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5313871, 13.130%, 5/08/2028 †x◇ | Upstart | 5/13/2025 | 35384 | 35384 | 34962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5315347, 13.400%, 5/08/2030 †x#◇ | Upstart | 5/13/2025 | 44432 | 44432 | 43911 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5317253, 19.330%, 5/09/2030 †x◇ | Upstart | 5/14/2025 | 25703 | 25703 | 24472 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5320081, 13.580%, 5/09/2030 †x◇ | Upstart | 5/14/2025 | 27241 | 27241 | 26943 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5322008, 16.800%, 5/09/2030 †x◇ | Upstart | 5/14/2025 | 21120 | 21120 | 20438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5323520, 16.690%, 5/15/2030 †x◇ | Upstart | 5/15/2025 | 27432 | 27432 | 26557 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5323563, 26.210%, 5/12/2030 †x# | Upstart | 5/15/2025 | 27721 | 27721 | 24520 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5323977, 11.510%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 41658 | 41785 | 41173 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5324317, 17.490%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 31066 | 31066 | 30079 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5324329, 19.560%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 27171 | 27171 | 25892 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5325760, 16.430%, 5/12/2030 †x#◇ | Upstart | 5/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36736 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5326950, 22.390%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 24626 | 24626 | 23408 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**289** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5327078, 18.040%, 5/12/2030 †x | Upstart | 5/15/2025 | $22546 | $22546 | $21465 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5327950, 10.870%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 44145 | 44145 | 43630 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5328225, 11.640%, 5/12/2028 †x#◇ | Upstart | 5/15/2025 | 28892 | 28892 | 28587 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5328492, 25.500%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 23902 | 23902 | 22785 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5328536, 19.040%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 30379 | 30379 | 29422 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5329406, 15.860%, 5/12/2028 †x◇ | Upstart | 5/15/2025 | 39661 | 39661 | 38497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5329460, 23.250%, 5/12/2030 †x | Upstart | 5/15/2025 | 35483 | 35483 | 33694 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5329467, 11.850%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 23468 | 23468 | 23195 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5329971, 24.340%, 5/12/2030 †x | Upstart | 5/15/2025 | 44688 | 44688 | 41617 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5329996, 15.190%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 44716 | 44854 | 43281 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5330709, 12.430%, 5/12/2030 †x◇ | Upstart | 5/15/2025 | 22938 | 22938 | 22673 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5335434, 15.240%, 5/13/2030 †x◇ | Upstart | 5/16/2025 | 26484 | 26484 | 25638 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5339056, 18.480%, 5/13/2030 †x◇ | Upstart | 5/16/2025 | 22574 | 22574 | 21516 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5339124, 18.710%, 5/16/2030 †x◇ | Upstart | 5/16/2025 | 25660 | 25660 | 24457 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5340037, 19.510%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | 37941 | 37941 | 36175 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5340213, 21.440%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | 29669 | 29763 | 28749 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5340538, 13.350%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | 29359 | 29359 | 28418 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5341578, 11.270%, 5/17/2030 †x◇ | Upstart | 5/19/2025 | 22650 | 22650 | 22388 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5343132, 18.380%, 5/14/2030 †x◇ | Upstart | 5/19/2025 | 21214 | 21214 | 20225 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5345517, 14.780%, 5/15/2030 †x# | Upstart | 5/20/2025 | 24003 | 24003 | 21756 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5345952, 10.940%, 5/15/2030 †x◇ | Upstart | 5/20/2025 | 29141 | 29141 | 28806 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5347937, 13.150%, 5/15/2030 †x◇ | Upstart | 5/20/2025 | 28186 | 28186 | 27285 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5347938, 20.610%, 5/28/2030 †x#◇ | Upstart | 5/20/2025 | 23137 | 23137 | 22097 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5350484, 24.640%, 6/01/2030 †x#◇ | Upstart | 5/21/2025 | 30918 | 30918 | 30011 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5350496, 22.640%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 45554 | 45554 | 43468 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5350742, 16.790%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 22019 | 22019 | 21329 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5351310, 18.980%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 39038 | 39038 | 37241 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5351347, 23.220%, 5/16/2030 †x | Upstart | 5/21/2025 | 45498 | 45498 | 42460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5351558, 9.750%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 31971 | 31971 | 31916 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5353199, 19.040%, 5/16/2030 †x◇ | Upstart | 5/21/2025 | 20800 | 20800 | 20154 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5355219, 24.770%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 33317 | 33317 | 31784 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5356031, 17.030%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 37710 | 37710 | 36541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5356771, 21.720%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 45538 | 45538 | 43487 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5357015, 22.350%, 5/19/2030 †x | Upstart | 5/22/2025 | 45611 | 45611 | 43467 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5357839, 15.060%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 40956 | 40956 | 39681 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5357982, 17.170%, 5/19/2030 †x | Upstart | 5/22/2025 | 38735 | 38735 | 36977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5358752, 19.940%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 22119 | 22119 | 21120 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5358922, 11.360%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 37668 | 37668 | 37241 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5358939, 9.960%, 10/19/2028 †x# | Upstart | 5/22/2025 | 22996 | 22996 | 21453 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5358962, 10.580%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 31842 | 31842 | 31793 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5359272, 18.170%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 21067 | 21067 | 20416 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5359804, 16.210%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 26710 | 26710 | 25880 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5359831, 22.890%, 5/19/2030 †x# | Upstart | 5/22/2025 | 22691 | 22691 | 21598 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5361299, 14.730%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 42655 | 42655 | 41322 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5361410, 11.530%, 5/19/2030 †x | Upstart | 5/22/2025 | 42397 | 42397 | 39113 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5361646, 20.830%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 39438 | 39438 | 37614 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5361765, 16.880%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 21089 | 21089 | 20435 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5362162, 16.000%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 32801 | 32801 | 31779 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5362177, 15.870%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 26801 | 26801 | 25969 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5362448, 19.260%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 40719 | 40719 | 38877 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5362543, 19.670%, 5/19/2030 †x# | Upstart | 5/22/2025 | 46186 | 46186 | 41489 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5362770, 17.980%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 27901 | 27901 | 27040 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5362896, 17.530%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 44948 | 44948 | 43557 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5363094, 16.870%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 40405 | 40405 | 39158 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5363394, 26.230%, 5/19/2030 †x | Upstart | 5/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33965 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5363638, 18.240%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 40606 | 40606 | 40156 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**290** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5363667, 14.230%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | $29616 | $29616 | $28690 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5363916, 19.140%, 5/23/2030 †x◇ | Upstart | 5/22/2025 | 27184 | 27184 | 26354 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5364018, 15.290%, 5/19/2030 †x◇ | Upstart | 5/22/2025 | 29172 | 29172 | 28264 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5364228, 14.730%, 5/19/2030 †x#◇ | Upstart | 5/22/2025 | 39174 | 39174 | 37952 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5364395, 19.540%, 5/19/2028 †x◇ | Upstart | 5/22/2025 | 24082 | 24082 | 23181 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5364844, 15.610%, 5/19/2030 †x | Upstart | 5/22/2025 | 44959 | 44959 | 40786 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5409149, 19.490%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 32075 | 32075 | 31033 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5429682, 21.490%, 6/07/2030 †x | Upstart | 6/05/2025 | 21055 | 21055 | 20082 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5430095, 25.180%, 6/02/2030 †x◇ | Upstart | 6/05/2025 | 22741 | 22814 | 21572 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5431880, 15.380%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 45381 | 45381 | 43879 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5431882, 23.300%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 28103 | 28103 | 26669 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5432854, 10.090%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 36667 | 36667 | 36585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5432956, 20.140%, 6/14/2030 †x◇ | Upstart | 6/06/2025 | 21295 | 21295 | 20272 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5433031, 20.800%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 27578 | 27578 | 26252 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5433322, 17.000%, 6/03/2030 †x#◇ | Upstart | 6/06/2025 | 30685 | 30685 | 29664 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5434024, 19.710%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 24115 | 24115 | 22954 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5434200, 14.720%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 45282 | 45282 | 44736 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5434252, 14.080%, 6/03/2030 †x◇ | Upstart | 6/06/2025 | 25413 | 25413 | 24572 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5437841, 23.540%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 44512 | 44512 | 42335 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5438408, 21.740%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 35875 | 35875 | 34103 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5438502, 15.850%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 21450 | 21450 | 20743 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5438731, 14.040%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 25676 | 25676 | 24825 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5439815, 22.170%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 28124 | 28124 | 26699 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5440021, 22.380%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 46127 | 46127 | 43790 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5440365, 21.140%, 6/04/2030 †x◇ | Upstart | 6/09/2025 | 31285 | 31285 | 30262 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5440533, 13.100%, 6/04/2028 †x◇ | Upstart | 6/09/2025 | 39013 | 39013 | 38522 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5442302, 15.800%, 6/19/2030 †x | Upstart | 6/09/2025 | 41280 | 41280 | 37357 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5442850, 18.580%, 6/05/2030 †x◇ | Upstart | 6/10/2025 | 24629 | 24629 | 23819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5443373, 24.400%, 6/05/2030 †x◇ | Upstart | 6/10/2025 | 21220 | 21289 | 20152 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5443979, 22.440%, 6/05/2030 †x◇ | Upstart | 6/10/2025 | 45993 | 45993 | 43735 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5446562, 13.420%, 6/05/2030 †x◇ | Upstart | 6/10/2025 | 31738 | 31738 | 30682 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5448153, 22.200%, 6/20/2030 †x | Upstart | 6/10/2025 | 24188 | 24188 | 22973 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5449368, 20.540%, 6/16/2030 †x◇ | Upstart | 6/11/2025 | 45935 | 45935 | 43763 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5451064, 14.660%, 6/06/2030 †x◇ | Upstart | 6/11/2025 | 22185 | 22185 | 21457 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5451121, 22.660%, 6/06/2030 †x | Upstart | 6/11/2025 | 36741 | 36741 | 34219 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5452803, 22.990%, 6/15/2030 †x◇ | Upstart | 6/11/2025 | 22293 | 22293 | 21584 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5453090, 15.970%, 6/06/2030 †x◇ | Upstart | 6/11/2025 | 22714 | 22714 | 21973 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5453312, 19.080%, 6/06/2030 †x◇ | Upstart | 6/11/2025 | 30245 | 30245 | 29265 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5454331, 22.600%, 6/06/2030 †x◇ | Upstart | 6/11/2025 | 25498 | 25498 | 24295 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5455560, 17.610%, 6/15/2030 †x◇ | Upstart | 6/12/2025 | 25982 | 25982 | 25150 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5455637, 20.390%, 6/09/2030 †x◇ | Upstart | 6/12/2025 | 27551 | 27551 | 26270 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5458579, 25.460%, 6/09/2030 †x◇ | Upstart | 6/12/2025 | 24147 | 24147 | 23031 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5459861, 13.310%, 6/09/2028 †x◇ | Upstart | 6/12/2025 | 37888 | 37888 | 37434 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5460463, 20.550%, 6/09/2030 †x◇ | Upstart | 6/12/2025 | 40529 | 40529 | 38580 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5463635, 25.870%, 6/09/2030 †x# | Upstart | 6/12/2025 | 22553 | 22553 | 20991 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5464280, 16.680%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 45510 | 45510 | 44067 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5464983, 9.900%, 6/09/2030 †x◇ | Upstart | 6/12/2025 | 23457 | 23457 | 23410 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5465497, 16.570%, 6/09/2030 †x◇ | Upstart | 6/12/2025 | 22748 | 22748 | 22017 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5469089, 14.400%, 6/10/2030 †x◇ | Upstart | 6/13/2025 | 21265 | 21265 | 20578 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5479081, 15.810%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 44582 | 44582 | 43151 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5480648, 24.370%, 6/21/2030 †x | Upstart | 6/16/2025 | 36651 | 36651 | 34885 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5484891, 20.330%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 25894 | 25977 | 24711 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5485268, 10.700%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 27681 | 27681 | 27630 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5485846, 18.310%, 6/12/2030 †x | Upstart | 6/17/2025 | 25508 | 25508 | 24339 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5486150, 23.180%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5487181, 21.750%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 22665 | 22665 | 21631 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**291** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5487235, 23.280%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | $45254 | $45254 | $43007 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5487275, 17.520%, 6/12/2030 †x#◇ | Upstart | 6/17/2025 | 25798 | 25798 | 24978 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5487534, 20.300%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 31309 | 31309 | 30330 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5487585, 15.390%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 45360 | 45360 | 43914 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5487745, 19.000%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 39818 | 39818 | 38567 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5487763, 21.830%, 6/12/2030 †x◇ | Upstart | 6/17/2025 | 46071 | 46071 | 43970 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5488174, 20.050%, 6/15/2030 †x◇ | Upstart | 6/18/2025 | 26089 | 26089 | 24904 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5488878, 25.510%, 6/13/2030 †x | Upstart | 6/18/2025 | 37245 | 37245 | 34822 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5489173, 21.440%, 6/13/2030 †x | Upstart | 6/18/2025 | 27202 | 27202 | 25931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5490013, 22.650%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 27148 | 27148 | 25874 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5490197, 16.700%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40109 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5491787, 14.650%, 6/13/2030 †x#◇ | Upstart | 6/18/2025 | 36368 | 36368 | 35211 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5492803, 19.490%, 6/16/2030 †x◇ | Upstart | 6/20/2025 | 45814 | 45814 | 43768 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5494202, 18.380%, 6/13/2030 †x◇ | Upstart | 6/18/2025 | 29236 | 29236 | 28319 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5494286, 23.090%, 6/16/2030 †x# | Upstart | 6/20/2025 | 26549 | 26549 | 25272 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5495360, 22.750%, 6/16/2030 †x◇ | Upstart | 6/20/2025 | 31670 | 31670 | 30197 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5496269, 24.340%, 6/16/2030 †x◇ | Upstart | 6/20/2025 | 23071 | 23071 | 22048 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5497670, 15.710%, 6/16/2030 †x◇ | Upstart | 6/20/2025 | 36319 | 36319 | 35183 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5497943, 19.870%, 6/16/2030 †x◇ | Upstart | 6/20/2025 | 23263 | 23263 | 22197 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5508530, 16.370%, 6/17/2030 †x◇ | Upstart | 6/23/2025 | 34106 | 34106 | 33047 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5508538, 21.680%, 6/17/2030 †x◇ | Upstart | 6/23/2025 | 23685 | 23685 | 22549 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5508621, 19.980%, 6/17/2030 †x◇ | Upstart | 6/23/2025 | 45620 | 45620 | 43526 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5511690, 22.640%, 6/17/2030 †x◇ | Upstart | 6/23/2025 | 42240 | 42240 | 40374 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5513240, 23.040%, 6/17/2030 †x# | Upstart | 6/23/2025 | 26525 | 26525 | 23812 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5514304, 19.350%, 6/18/2030 †x◇ | Upstart | 6/24/2025 | 30972 | 30972 | 30015 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5514547, 15.860%, 6/18/2030 †x◇ | Upstart | 6/24/2025 | 25796 | 25796 | 24997 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5514653, 20.020%, 6/18/2030 †x◇ | Upstart | 6/24/2025 | 45880 | 45880 | 44483 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5515875, 19.820%, 6/18/2030 †x◇ | Upstart | 6/24/2025 | 22535 | 22535 | 21509 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5516155, 16.670%, 6/18/2030 †x◇ | Upstart | 6/24/2025 | 22026 | 22026 | 21346 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5516397, 14.920%, 9/18/2030 †x# | Upstart | 6/24/2025 | 27547 | 27547 | 26757 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5516673, 16.990%, 6/18/2030 †x◇ | Upstart | 6/24/2025 | 20679 | 20679 | 20041 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5520760, 23.280%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 25460 | 25460 | 24002 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5521503, 17.930%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 21547 | 21547 | 20892 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5521805, 20.700%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 30700 | 30700 | 29365 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5521933, 19.700%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 44818 | 44818 | 42793 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5522417, 16.860%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 24768 | 24768 | 24011 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5523047, 15.600%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 24508 | 24585 | 23754 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5523154, 16.160%, 6/20/2030 †x#◇ | Upstart | 6/25/2025 | 33965 | 33965 | 32910 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5523460, 26.100%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 44823 | 44823 | 42803 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5523993, 24.300%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 21216 | 21284 | 20259 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5524933, 23.080%, 6/20/2030 †x# | Upstart | 6/25/2025 | 26956 | 26956 | 25752 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5527884, 20.080%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 25643 | 25643 | 24858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5528088, 23.180%, 6/20/2030 †x#◇ | Upstart | 6/25/2025 | 27658 | 27658 | 26362 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5528144, 15.720%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 45398 | 45398 | 44004 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5528170, 16.960%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 23954 | 23954 | 23222 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5528190, 15.760%, 6/20/2030 †x◇ | Upstart | 6/25/2025 | 30964 | 30964 | 30013 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5530659, 11.340%, 6/23/2028 †§x | Upstart | 6/26/2025 | 33229 | 33229 | 32906 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5530992, 15.460%, 11/23/2030 †x# | Upstart | 6/26/2025 | 34791 | 34791 | 33977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5531352, 14.840%, 6/23/2030 †§x | Upstart | 6/26/2025 | 44933 | 44933 | 43566 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5531353, 19.970%, 6/23/2030 †§x# | Upstart | 6/26/2025 | 46622 | 46622 | 45257 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5532385, 19.540%, 6/23/2030 †§x# | Upstart | 6/26/2025 | 40793 | 40793 | 38982 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5532610, 23.340%, 6/23/2030 †§x | Upstart | 6/26/2025 | 44628 | 44628 | 42657 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5533541, 22.510%, 6/23/2030 †§x | Upstart | 6/26/2025 | 22965 | 22965 | 21912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5533632, 22.560%, 6/23/2030 †§x | Upstart | 6/26/2025 | 44800 | 44800 | 42820 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5533673, 14.170%, 6/23/2030 †§x | Upstart | 6/26/2025 | 36083 | 36083 | 35680 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5535247, 16.270%, 6/23/2030 †§x | Upstart | 6/26/2025 | 41346 | 41465 | 40079 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**292** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5535452, 19.580%, 6/23/2030 †§x | Upstart | 6/26/2025 | $22799 | $22799 | $21788 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5535778, 14.460%, 11/23/2030 †x# | Upstart | 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20709 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5536207, 12.880%, 6/23/2030 †§x | Upstart | 6/26/2025 | 44520 | 44520 | 44022 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5536390, 18.060%, 6/23/2030 †§x | Upstart | 6/26/2025 | 26394 | 26394 | 25603 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5537225, 18.620%, 6/23/2030 †§x | Upstart | 6/26/2025 | 39781 | 39908 | 38592 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5537879, 17.600%, 6/23/2030 †§x | Upstart | 6/26/2025 | 33571 | 33571 | 32563 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5539509, 11.650%, 6/23/2030 †§x# | Upstart | 6/26/2025 | 31408 | 31408 | 31361 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5540461, 17.770%, 6/23/2030 †§x | Upstart | 6/26/2025 | 21265 | 21265 | 20352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5540520, 24.260%, 6/24/2030 †§x | Upstart | 6/27/2025 | 36456 | 36456 | 34863 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5540653, 12.620%, 6/28/2030 †§x# | Upstart | 6/26/2025 | 21958 | 21958 | 21714 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5540689, 17.780%, 7/07/2028 †§x# | Upstart | 6/26/2025 | 25537 | 25610 | 24658 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5541016, 19.580%, 6/23/2030 †§x | Upstart | 6/26/2025 | 38850 | 38972 | 37683 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5541179, 22.570%, 4/23/2031 †x | Upstart | 6/26/2025 | 27709 | 27709 | 26576 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5541206, 14.750%, 6/23/2030 †§x | Upstart | 6/26/2025 | 36228 | 36228 | 35125 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5541392, 18.160%, 7/24/2028 †x | Upstart | 6/27/2025 | 34276 | 34369 | 33104 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5541506, 20.040%, 6/23/2030 †§x | Upstart | 6/26/2025 | 45882 | 45882 | 43921 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5541611, 16.960%, 6/23/2030 †§x | Upstart | 6/26/2025 | 45546 | 45689 | 44174 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5541724, 22.470%, 6/23/2030 †§x | Upstart | 6/26/2025 | 21142 | 21142 | 20210 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5542336, 13.730%, 6/24/2030 †§x | Upstart | 6/27/2025 | 22582 | 22582 | 21894 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5543496, 11.320%, 6/24/2028 †§x | Upstart | 6/27/2025 | 24356 | 24356 | 24123 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5543751, 20.950%, 6/24/2030 †§x | Upstart | 6/27/2025 | 23507 | 23507 | 22473 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5543869, 17.840%, 6/24/2030 †§x | Upstart | 6/27/2025 | 33773 | 33773 | 32332 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5544155, 21.500%, 11/24/2030 †x | Upstart | 6/27/2025 | 20795 | 20795 | 20246 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5544181, 20.390%, 6/24/2030 †§x | Upstart | 6/27/2025 | 36552 | 36552 | 35000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5544192, 9.750%, 6/24/2030 †§x | Upstart | 6/27/2025 | 33950 | 33950 | 33912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5544733, 11.240%, 6/24/2030 †§x | Upstart | 6/27/2025 | 26826 | 26826 | 26526 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5544926, 19.970%, 6/24/2030 †§x | Upstart | 6/27/2025 | 45874 | 45874 | 44517 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5545568, 22.660%, 10/24/2030 †x# | Upstart | 6/27/2025 | 37546 | 37546 | 36390 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5546262, 18.930%, 6/24/2030 †§x | Upstart | 6/27/2025 | 41643 | 41643 | 39870 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5546381, 16.570%, 6/24/2030 †§x# | Upstart | 6/27/2025 | 28149 | 28236 | 27317 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5547098, 6.000%, 6/24/2030 †x | Upstart | 6/27/2025 | 25497 | 25497 | 24744 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5547124, 20.110%, 6/24/2030 †§x | Upstart | 6/27/2025 | 45829 | 45829 | 44455 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5548040, 26.200%, 6/25/2030 †§x | Upstart | 6/30/2025 | 42787 | 42787 | 40262 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5548508, 10.210%, 6/25/2030 †§x | Upstart | 6/30/2025 | 23260 | 23260 | 23233 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5548511, 20.180%, 6/25/2030 †§x | Upstart | 6/30/2025 | 40852 | 40852 | 39651 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5549138, 18.870%, 6/25/2030 †§x | Upstart | 6/30/2025 | 40580 | 40580 | 39365 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5550217, 23.000%, 6/25/2030 †§x | Upstart | 6/30/2025 | 39078 | 39078 | 37383 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5550384, 17.290%, 6/25/2030 †§x# | Upstart | 6/30/2025 | 27750 | 27750 | 26936 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5550760, 22.940%, 6/27/2030 †§x | Upstart | 7/02/2025 | 21934 | 21934 | 21001 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5551051, 23.240%, 6/25/2030 †§x | Upstart | 6/30/2025 | 26619 | 26619 | 25503 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5551141, 23.130%, 7/10/2030 †§x# | Upstart | 6/30/2025 | 42920 | 42920 | 41193 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5552244, 11.370%, 6/25/2030 †§x | Upstart | 6/30/2025 | 38206 | 38206 | 37779 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5552359, 16.650%, 6/25/2030 †§x | Upstart | 6/30/2025 | 20933 | 20999 | 20307 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5552519, 15.100%, 6/25/2030 †§x | Upstart | 6/30/2025 | 21761 | 21761 | 21106 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5552568, 16.750%, 6/25/2030 †§x | Upstart | 6/30/2025 | 41417 | 41417 | 40166 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5552996, 9.490%, 6/25/2028 †§x | Upstart | 6/30/2025 | 28446 | 28446 | 28127 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5553226, 12.680%, 6/25/2030 †§x | Upstart | 6/30/2025 | 44227 | 44227 | 43736 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5554116, 19.470%, 6/26/2030 †§x | Upstart | 7/01/2025 | 26025 | 26025 | 25250 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5554659, 14.640%, 6/26/2030 †§x# | Upstart | 7/01/2025 | 20671 | 20671 | 20042 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5554738, 18.590%, 6/26/2030 †§x | Upstart | 7/01/2025 | 22720 | 22720 | 22039 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5555480, 17.980%, 6/26/2030 †§x | Upstart | 7/01/2025 | 22828 | 22828 | 22143 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5555927, 16.870%, 6/26/2030 †§x | Upstart | 7/01/2025 | 21662 | 21662 | 21011 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5557187, 19.290%, 6/26/2030 †§x | Upstart | 7/01/2025 | 29246 | 29246 | 27972 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5557229, 19.500%, 6/26/2030 †§x# | Upstart | 7/01/2025 | 33821 | 33821 | 32813 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5557649, 13.800%, 6/26/2030 †§x | Upstart | 7/01/2025 | 31064 | 31064 | 30116 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5558295, 22.630%, 6/26/2030 †§x | Upstart | 7/01/2025 | 40153 | 40153 | 38412 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**293** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5559139, 20.160%, 6/26/2030 †§x | Upstart | 7/01/2025 | $22953 | $22953 | $22271 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5560046, 17.380%, 6/27/2030 †§x | Upstart | 7/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22065 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5560111, 15.350%, 6/27/2030 †§x | Upstart | 7/02/2025 | 25218 | 25218 | 24405 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5561143, 16.230%, 6/27/2030 †§x | Upstart | 7/02/2025 | 22728 | 22728 | 21999 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5562264, 19.200%, 6/27/2030 †§x | Upstart | 7/02/2025 | 22895 | 22895 | 22173 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5562386, 14.070%, 6/27/2030 †§x | Upstart | 7/02/2025 | 45205 | 45205 | 43736 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5562442, 17.500%, 6/27/2030 †§x | Upstart | 7/02/2025 | 38305 | 38305 | 37086 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5563626, 23.270%, 6/27/2030 †§x | Upstart | 7/02/2025 | 29086 | 29086 | 27334 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5563789, 22.420%, 6/27/2030 †§x# | Upstart | 7/02/2025 | 22714 | 22714 | 21704 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5564160, 18.750%, 6/27/2030 †§x | Upstart | 7/02/2025 | 44682 | 44682 | 42745 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5564282, 22.280%, 6/27/2030 †§x | Upstart | 7/02/2025 | 26471 | 26471 | 25169 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5564791, 22.390%, 7/01/2030 †§x | Upstart | 7/03/2025 | 28020 | 28020 | 27522 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5565275, 20.150%, 7/01/2030 †§x | Upstart | 7/03/2025 | 27614 | 27614 | 26840 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5565963, 20.090%, 7/01/2030 †§x | Upstart | 7/03/2025 | 31700 | 31700 | 30813 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5566361, 22.660%, 7/01/2030 †§x | Upstart | 7/03/2025 | 26820 | 26820 | 26061 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5566641, 22.870%, 7/01/2030 †§x | Upstart | 7/03/2025 | 45997 | 45997 | 44693 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5567111, 23.110%, 7/01/2030 †§x | Upstart | 7/03/2025 | 46767 | 46767 | 45275 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5568190, 13.820%, 7/01/2030 †§x | Upstart | 7/03/2025 | 38593 | 38715 | 37915 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5568779, 11.630%, 7/01/2030 †§x | Upstart | 7/03/2025 | 34933 | 34933 | 34849 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5568844, 19.650%, 7/01/2030 †§x | Upstart | 7/03/2025 | 27195 | 27195 | 26304 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569048, 24.340%, 7/16/2030 †§x | Upstart | 7/03/2025 | 28680 | 28762 | 27962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569071, 13.010%, 7/16/2030 †§x | Upstart | 7/03/2025 | 45985 | 45985 | 45933 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569135, 17.550%, 7/01/2030 †§x | Upstart | 7/03/2025 | 43455 | 43455 | 42687 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569156, 11.300%, 7/01/2028 †§x | Upstart | 7/03/2025 | 21382 | 21382 | 21135 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569173, 10.750%, 7/01/2030 †§x | Upstart | 7/03/2025 | 45556 | 45556 | 45878 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569310, 17.700%, 7/01/2030 †§x | Upstart | 7/03/2025 | 20778 | 20778 | 20365 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569443, 18.600%, 7/01/2030 †§x | Upstart | 7/03/2025 | 46333 | 46333 | 45045 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569524, 13.180%, 7/01/2030 †§x | Upstart | 7/03/2025 | 45308 | 45308 | 45255 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569572, 20.570%, 7/01/2030 †§x | Upstart | 7/03/2025 | 36198 | 36198 | 35183 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5569917, 21.990%, 7/01/2030 †§x | Upstart | 7/03/2025 | 22958 | 22958 | 22310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5570438, 13.300%, 7/13/2030 †§x# | Upstart | 7/03/2025 | 30307 | 30399 | 29776 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5570711, 19.920%, 7/01/2030 †§x | Upstart | 7/03/2025 | 26485 | 26485 | 25744 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5570838, 20.360%, 7/01/2030 †§x | Upstart | 7/03/2025 | 47018 | 47018 | 46259 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5628472, 23.080%, 8/07/2030 †§x# | Upstart | 7/25/2025 | 35866 | 35866 | 35201 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5688235, 15.200%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 30649 | 30649 | 30163 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5698469, 12.930%, 7/22/2030 †§x | Upstart | 7/25/2025 | 26807 | 26807 | 26781 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5698804, 17.810%, 7/22/2030 †§x | Upstart | 7/25/2025 | 25350 | 25350 | 24928 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5698831, 17.250%, 7/22/2030 †§x | Upstart | 7/25/2025 | 30881 | 30881 | 30376 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5699725, 26.100%, 7/22/2030 †§x | Upstart | 7/25/2025 | 22933 | 22933 | 22308 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5700302, 23.710%, 7/23/2030 †x#◇ | Upstart | 7/28/2025 | 21102 | 21102 | 20486 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5700530, 9.620%, 7/23/2028 †x◇ | Upstart | 7/28/2025 | 37157 | 37157 | 36891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5702176, 22.300%, 7/23/2030 †x#◇ | Upstart | 7/28/2025 | 26509 | 26509 | 26069 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5702436, 22.700%, 7/23/2028 †x◇ | Upstart | 7/28/2025 | 33157 | 33157 | 32148 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5702446, 20.310%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 21098 | 21098 | 20557 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5704339, 16.840%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 25214 | 25214 | 24809 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5705376, 20.550%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 34406 | 34406 | 33581 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5705840, 23.090%, 7/23/2030 †x◇ | Upstart | 7/28/2025 | 32779 | 32779 | 31979 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5705844, 16.370%, 7/23/2030 †x#◇ | Upstart | 7/28/2025 | 23655 | 23655 | 23357 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5706051, 22.860%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 32697 | 32804 | 31852 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5706639, 22.770%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 21245 | 21245 | 20642 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5707337, 23.080%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 21402 | 21402 | 20886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5707567, 23.690%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 45004 | 45004 | 43808 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5707935, 21.150%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 30666 | 30666 | 29861 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5708081, 25.190%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 31903 | 31903 | 31063 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5708129, 22.800%, 12/24/2030 †x# | Upstart | 7/29/2025 | 25051 | 25051 | 24709 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5708306, 23.580%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | 24054 | 24054 | 23657 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**294** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5709152, 17.290%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | $46151 | $46151 | $45448 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5711260, 16.870%, 7/24/2030 †x◇ | Upstart | 7/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23575 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5711617, 19.700%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 23218 | 23218 | 22678 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5712819, 22.170%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 21177 | 21177 | 20641 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713053, 22.930%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 46716 | 46716 | 45994 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713102, 17.440%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 34643 | 34643 | 34120 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713224, 18.690%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 28437 | 28437 | 27781 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713269, 24.380%, 7/25/2030 †x# | Upstart | 7/30/2025 | 22342 | 22342 | 21481 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713471, 16.550%, 7/25/2030 †x#◇ | Upstart | 7/30/2025 | 21447 | 21447 | 21122 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713509, 19.160%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 42513 | 42513 | 41427 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713666, 22.770%, 7/25/2030 †x#◇ | Upstart | 7/30/2025 | 23596 | 23596 | 23062 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5713744, 19.000%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 32282 | 32282 | 31460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5714745, 23.260%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 37302 | 37302 | 36349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5714753, 22.240%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 32004 | 32004 | 31193 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716011, 15.160%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 22519 | 22519 | 22183 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716145, 22.770%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 23324 | 23324 | 22770 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716241, 16.310%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 21103 | 21103 | 20786 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716264, 20.420%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 21125 | 21125 | 20583 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716329, 24.370%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 39086 | 39086 | 37981 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716349, 18.810%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 30401 | 30401 | 29625 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716519, 21.860%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 25474 | 25474 | 24814 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716545, 16.850%, 7/25/2030 †x◇ | Upstart | 7/30/2025 | 22143 | 22143 | 21810 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5716920, 16.410%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 20531 | 20531 | 20180 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5718015, 22.560%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 47175 | 47175 | 45719 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5718040, 11.440%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 35115 | 35115 | 35091 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5718063, 23.230%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 27794 | 27794 | 26846 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5719637, 19.580%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 20651 | 20651 | 20091 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5719673, 18.870%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 23490 | 23490 | 23088 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5720583, 23.130%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 33053 | 33053 | 32030 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5720938, 24.210%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 31698 | 31698 | 30821 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5720955, 15.460%, 7/28/2030 †§x | Upstart | 7/31/2025 | 45172 | 45172 | 44345 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5720989, 24.170%, 12/28/2030 †x# | Upstart | 7/31/2025 | 21665 | 21665 | 21316 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5721118, 22.650%, 7/28/2030 †§x | Upstart | 7/31/2025 | 26562 | 26562 | 25661 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5723627, 22.380%, 7/28/2030 †§x | Upstart | 7/31/2025 | 36900 | 36900 | 35886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5725586, 17.150%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 21495 | 21495 | 21127 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5726111, 11.110%, 8/01/2028 †§x | Upstart | 8/01/2025 | 25706 | 25706 | 25522 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5726661, 20.060%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 46975 | 46975 | 45698 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5728004, 22.560%, 7/28/2030 †§x# | Upstart | 7/31/2025 | 30379 | 30379 | 29441 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5728116, 23.700%, 1/12/2031 †x# | Upstart | 7/31/2025 | 46300 | 46300 | 45178 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5728341, 19.580%, 8/01/2030 †§x | Upstart | 8/01/2025 | 37616 | 37616 | 36698 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5728468, 24.290%, 8/01/2030 †§x | Upstart | 8/01/2025 | 27626 | 27626 | 26673 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5728781, 19.560%, 8/01/2030 †§x# | Upstart | 8/01/2025 | 27626 | 27626 | 26794 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5729650, 19.320%, 8/01/2030 †§x | Upstart | 8/01/2025 | 22841 | 22841 | 22284 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5729967, 18.860%, 8/01/2030 †§x | Upstart | 8/01/2025 | 37471 | 37471 | 36559 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730012, 15.200%, 8/01/2030 †§x | Upstart | 8/01/2025 | 46154 | 46154 | 45418 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730045, 18.030%, 8/01/2030 †§x | Upstart | 8/01/2025 | 24004 | 24004 | 23620 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730088, 19.860%, 8/01/2030 †§x | Upstart | 8/01/2025 | 21528 | 21528 | 20879 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730112, 23.470%, 8/01/2030 †§x | Upstart | 8/01/2025 | 37217 | 37217 | 36175 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730201, 17.800%, 8/01/2030 †§x | Upstart | 8/01/2025 | 26120 | 26120 | 25634 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730204, 13.000%, 8/01/2030 †§x | Upstart | 8/01/2025 | 39244 | 39244 | 39186 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730251, 19.420%, 8/01/2030 †§x | Upstart | 8/01/2025 | 21435 | 21435 | 20912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730307, 14.980%, 8/01/2030 †§x | Upstart | 8/01/2025 | 34297 | 34297 | 33750 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730433, 10.770%, 8/01/2030 †§x | Upstart | 8/01/2025 | 38519 | 38519 | 38820 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730559, 20.570%, 8/01/2030 †§x | Upstart | 8/01/2025 | 26757 | 26757 | 26101 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5730614, 19.670%, 8/01/2030 †§x | Upstart | 8/01/2025 | 22480 | 22553 | 21931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5731069, 20.060%, 8/01/2028 †§x | Upstart | 8/01/2025 | 26321 | 26321 | 25514 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**295** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5731337, 12.930%, 8/01/2030 †§x | Upstart | 8/01/2025 | $46406 | $46406 | $46385 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5733045, 12.080%, 8/01/2030 †§x# | Upstart | 8/01/2025 | 25702 | 25702 | 25664 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5733072, 11.880%, 8/01/2030 †§x | Upstart | 8/01/2025 | 41668 | 41668 | 41652 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5733398, 23.290%, 8/01/2030 †§x | Upstart | 8/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20644 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5733776, 22.600%, 8/01/2030 †§x | Upstart | 8/01/2025 | 28651 | 28651 | 27853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5733828, 22.450%, 8/01/2030 †§x | Upstart | 8/01/2025 | 45374 | 45374 | 44253 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5733966, 15.510%, 8/01/2028 †§x | Upstart | 8/01/2025 | 43284 | 43284 | 42436 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5734082, 20.080%, 8/01/2030 †§x | Upstart | 8/01/2025 | 24470 | 24543 | 23731 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5734200, 13.280%, 8/01/2030 †§x# | Upstart | 8/01/2025 | 27310 | 27310 | 27267 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5734226, 10.910%, 8/01/2028 †§x# | Upstart | 8/01/2025 | 25447 | 25447 | 25250 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5734364, 25.580%, 8/01/2030 †§x | Upstart | 8/04/2025 | 45392 | 45392 | 43034 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5734474, 21.690%, 8/01/2030 †§x | Upstart | 8/04/2025 | 47177 | 47177 | 46013 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5735681, 10.890%, 8/01/2030 †§x# | Upstart | 8/04/2025 | 21283 | 21283 | 21420 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5735814, 20.230%, 8/01/2030 †§x | Upstart | 8/04/2025 | 21359 | 21359 | 20836 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5735920, 14.930%, 8/01/2030 †§x | Upstart | 8/04/2025 | 42382 | 42382 | 41705 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5736013, 12.530%, 8/01/2030 †§x | Upstart | 8/04/2025 | 37076 | 37076 | 37059 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5736533, 10.150%, 8/01/2030 †§x | Upstart | 8/04/2025 | 25544 | 25544 | 25746 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5736578, 10.940%, 8/01/2030 †§x# | Upstart | 8/04/2025 | 20305 | 20305 | 20434 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5736700, 20.670%, 8/01/2030 †§x | Upstart | 8/04/2025 | 23260 | 23260 | 22689 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5737006, 19.900%, 8/01/2030 †§x# | Upstart | 8/04/2025 | 27908 | 27908 | 27225 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5737085, 22.390%, 8/01/2030 †§x | Upstart | 8/04/2025 | 22197 | 22197 | 21579 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5738164, 11.520%, 1/01/2029 †x# | Upstart | 8/04/2025 | 46601 | 46735 | 46523 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5739113, 19.530%, 8/01/2030 †§x | Upstart | 8/04/2025 | 37758 | 37890 | 36836 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5739314, 19.250%, 8/01/2030 †§x | Upstart | 8/04/2025 | 46963 | 46963 | 45818 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5739835, 26.010%, 8/13/2030 †§x | Upstart | 8/04/2025 | 23472 | 23472 | 22252 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5740543, 13.340%, 8/01/2028 †§x# | Upstart | 8/05/2025 | 29070 | 29070 | 28706 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5740631, 23.540%, 8/01/2030 †§x# | Upstart | 8/05/2025 | 42496 | 42496 | 41300 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5741135, 21.250%, 8/01/2030 †§x | Upstart | 8/05/2025 | 21289 | 21289 | 20945 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5741254, 23.140%, 8/01/2030 †§x# | Upstart | 8/05/2025 | 21644 | 21644 | 20520 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5742020, 6.000%, 8/15/2030 †x# | Upstart | 8/05/2025 | 27798 | 27798 | 27264 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5742262, 22.900%, 8/01/2030 †§x# | Upstart | 8/05/2025 | 23995 | 23995 | 23244 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5744153, 20.990%, 8/01/2030 †§x | Upstart | 8/05/2025 | 40959 | 40959 | 39948 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5744580, 19.440%, 8/01/2030 †§x | Upstart | 8/05/2025 | 42348 | 42348 | 41311 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5745648, 18.550%, 8/01/2030 †§x | Upstart | 8/08/2025 | 41718 | 41621 | 41044 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5746044, 21.030%, 8/01/2030 †§x | Upstart | 8/05/2025 | 47083 | 47083 | 45920 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5798599, 17.400%, 8/11/2030 †§x | Upstart | 8/14/2025 | 26179 | 26179 | 25753 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5804859, 19.070%, 8/11/2030 †§x | Upstart | 8/14/2025 | 46891 | 46891 | 45741 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5805200, 20.080%, 8/11/2030 †§x | Upstart | 8/14/2025 | 30046 | 30046 | 29305 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5805207, 22.750%, 8/11/2030 †§x | Upstart | 8/14/2025 | 21424 | 21424 | 20883 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5805219, 11.020%, 8/11/2028 †§x | Upstart | 8/14/2025 | 25616 | 25616 | 25416 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5805401, 23.270%, 8/11/2030 †§x# | Upstart | 8/14/2025 | 42978 | 42978 | 41653 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5807386, 22.460%, 8/11/2030 †§x | Upstart | 8/14/2025 | 24903 | 24903 | 24276 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5807460, 17.770%, 8/11/2030 †§x | Upstart | 8/14/2025 | 26684 | 26684 | 26250 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5808091, 13.600%, 8/11/2030 †§x | Upstart | 8/14/2025 | 30716 | 30716 | 30666 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5808261, 23.070%, 8/11/2030 †§x# | Upstart | 8/14/2025 | 26902 | 26902 | 26073 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5808367, 22.660%, 8/11/2030 †§x | Upstart | 8/14/2025 | 32574 | 32574 | 31754 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5809094, 20.660%, 8/11/2030 †§x# | Upstart | 8/14/2025 | 22454 | 22454 | 21833 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5813430, 24.940%, 8/12/2030 †§x | Upstart | 8/15/2025 | 47166 | 47166 | 45859 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5814294, 23.020%, 8/12/2030 †§x | Upstart | 8/15/2025 | 41922 | 41922 | 40778 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5814590, 21.970%, 8/12/2030 †§x | Upstart | 8/15/2025 | 47126 | 47126 | 45958 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5814712, 15.830%, 8/12/2030 †§x# | Upstart | 8/15/2025 | 36680 | 36680 | 36048 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5815179, 19.110%, 8/12/2030 †§x | Upstart | 8/15/2025 | 46602 | 46602 | 45472 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5816573, 25.820%, 8/13/2030 †§x | Upstart | 8/18/2025 | 27314 | 27314 | 25962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5818262, 22.410%, 8/13/2030 †§x | Upstart | 8/18/2025 | 37351 | 37351 | 36352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5818707, 10.210%, 8/13/2030 †§x | Upstart | 8/18/2025 | 55302 | 55302 | 55274 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5819325, 19.390%, 8/14/2030 †§x | Upstart | 8/19/2025 | 41756 | 41756 | 41089 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**296** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5819327, 19.200%, 8/15/2030 †§x | Upstart | 8/20/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20808 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20808 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20322 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5820309, 17.460%, 8/13/2030 †§x | Upstart | 8/18/2025 | 42433 | 42433 | 41707 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5820596, 13.240%, 8/13/2030 †§x | Upstart | 8/18/2025 | 25506 | 25506 | 25482 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5822153, 22.640%, 8/14/2030 †§x | Upstart | 8/19/2025 | 21419 | 21419 | 20899 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5822300, 18.460%, 8/14/2030 †§x | Upstart | 8/19/2025 | 34379 | 34379 | 33571 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5823926, 22.140%, 8/14/2030 †§x | Upstart | 8/19/2025 | 47164 | 47164 | 45923 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5824236, 17.640%, 8/14/2030 †§x# | Upstart | 8/19/2025 | 20534 | 20534 | 20185 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5824773, 13.670%, 8/18/2030 †§x | Upstart | 8/21/2025 | 50414 | 50414 | 49606 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5825206, 10.170%, 8/14/2030 †§x | Upstart | 8/19/2025 | 29676 | 29676 | 29663 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5825624, 17.320%, 8/14/2030 †§x | Upstart | 8/19/2025 | 37393 | 37393 | 36802 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5826117, 10.390%, 8/14/2030 †§x | Upstart | 8/19/2025 | 46011 | 46011 | 45989 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5826605, 21.190%, 8/15/2030 †§x | Upstart | 8/20/2025 | 24473 | 24473 | 23892 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5826731, 14.940%, 8/15/2030 †§x | Upstart | 8/20/2025 | 46530 | 46530 | 45811 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5827390, 14.860%, 8/15/2030 †§x# | Upstart | 8/20/2025 | 21714 | 21714 | 21349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5827432, 16.350%, 8/15/2028 †§x | Upstart | 8/20/2025 | 24332 | 24402 | 23878 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5827709, 10.660%, 8/15/2030 †§x# | Upstart | 8/20/2025 | 46750 | 46750 | 43546 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5828287, 11.760%, 8/15/2030 †§x | Upstart | 8/20/2025 | 32364 | 32364 | 32344 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5828686, 10.740%, 8/15/2030 †§x | Upstart | 8/20/2025 | 52595 | 52595 | 52570 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5829055, 24.350%, 8/23/2030 †§x# | Upstart | 8/20/2025 | 31614 | 31614 | 30895 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5829690, 17.190%, 8/15/2028 †§x | Upstart | 8/20/2025 | 21582 | 21582 | 21134 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5829868, 20.110%, 8/15/2030 †§x | Upstart | 8/20/2025 | 32883 | 32883 | 32109 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5830194, 14.400%, 8/15/2030 †§x | Upstart | 8/20/2025 | 32537 | 32537 | 32036 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5830207, 23.260%, 8/15/2030 †§x | Upstart | 8/20/2025 | 38135 | 38135 | 37106 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5830230, 15.520%, 8/15/2030 †§x | Upstart | 8/20/2025 | 20683 | 20683 | 20362 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5830328, 24.900%, 8/15/2030 †§x | Upstart | 8/20/2025 | 20708 | 20708 | 20203 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5830721, 17.440%, 8/15/2030 †§x | Upstart | 8/20/2025 | 32280 | 32280 | 31736 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5831902, 14.950%, 8/18/2030 †§x | Upstart | 8/21/2025 | 22965 | 22965 | 22594 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5832089, 16.620%, 8/18/2030 †§x | Upstart | 8/21/2025 | 28008 | 28008 | 27585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5833831, 16.710%, 8/18/2030 †§x# | Upstart | 8/21/2025 | 46904 | 46904 | 43255 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5834560, 16.610%, 8/18/2030 †§x | Upstart | 8/21/2025 | 45372 | 45372 | 44687 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5834905, 16.040%, 8/18/2030 †§x | Upstart | 8/21/2025 | 37583 | 37583 | 37017 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5837460, 23.270%, 8/18/2030 †§x | Upstart | 8/21/2025 | 32682 | 32682 | 32171 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5837617, 17.410%, 8/18/2030 †§x | Upstart | 8/21/2025 | 32279 | 32279 | 31751 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5837638, 26.260%, 8/18/2030 †§x | Upstart | 8/21/2025 | 42215 | 42215 | 40232 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5837671, 22.380%, 8/18/2030 †§x | Upstart | 8/21/2025 | 31600 | 31600 | 30871 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5837813, 25.630%, 8/18/2030 †§x | Upstart | 8/21/2025 | 37262 | 37262 | 36306 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838007, 20.040%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46971 | 47109 | 46248 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838067, 16.730%, 8/18/2030 †§x | Upstart | 8/21/2025 | 22318 | 22318 | 21980 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838092, 15.590%, 8/18/2028 †§x | Upstart | 8/21/2025 | 21697 | 21697 | 20231 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838123, 20.590%, 8/18/2030 †§x | Upstart | 8/21/2025 | 21345 | 21345 | 20859 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838271, 17.340%, 8/18/2030 †§x | Upstart | 8/21/2025 | 27096 | 27096 | 26684 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838316, 17.270%, 8/18/2030 †§x | Upstart | 8/21/2025 | 20834 | 20834 | 20518 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838340, 21.210%, 8/18/2030 †§x | Upstart | 8/21/2025 | 37653 | 37653 | 36725 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838760, 13.050%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46361 | 46361 | 45674 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5838765, 16.800%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46696 | 46696 | 45989 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5839017, 13.260%, 8/28/2028 †§x# | Upstart | 8/21/2025 | 25728 | 25728 | 25523 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5839105, 14.730%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46512 | 46512 | 45816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5839319, 19.700%, 8/18/2030 †§x | Upstart | 8/21/2025 | 24504 | 24504 | 24127 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5839323, 19.840%, 8/18/2030 †§x | Upstart | 8/21/2025 | 41695 | 41695 | 41054 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5839488, 23.440%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46921 | 46921 | 45695 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5839679, 14.450%, 8/18/2030 †§x# | Upstart | 8/21/2025 | 31926 | 31926 | 29396 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5840095, 22.140%, 8/18/2030 †§x | Upstart | 8/21/2025 | 37524 | 37524 | 36591 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5840192, 16.310%, 8/18/2030 †§x | Upstart | 8/21/2025 | 21175 | 21175 | 20830 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5840236, 15.850%, 8/18/2030 †§x | Upstart | 8/21/2025 | 22840 | 22909 | 22497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5840378, 15.110%, 8/28/2028 †§x# | Upstart | 8/21/2025 | 22263 | 22263 | 21924 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5840479, 17.000%, 8/18/2030 †§x | Upstart | 8/21/2025 | 22499 | 22572 | 22160 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**297** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5840723, 10.850%, 8/18/2030 †§x | Upstart | 8/21/2025 | $21795 | $21795 | $21944 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5840828, 20.340%, 8/18/2030 †§x | Upstart | 8/21/2025 | 26790 | 26790 | 26342 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5841033, 17.640%, 9/01/2030 †x◇ | Upstart | 9/04/2025 | 68794 | 68794 | 67585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5841488, 12.960%, 8/18/2030 †§x | Upstart | 8/21/2025 | 46291 | 46291 | 46246 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5841831, 19.540%, 8/18/2030 †§x | Upstart | 8/21/2025 | 21706 | 21706 | 21217 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5842044, 23.210%, 8/18/2030 †§x | Upstart | 8/21/2025 | 21628 | 21628 | 21085 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5842387, 13.420%, 8/19/2030 †§x | Upstart | 8/22/2025 | 37206 | 37206 | 36660 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5842668, 24.100%, 1/19/2031 †x# | Upstart | 8/22/2025 | 42881 | 42881 | 42695 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5842810, 23.940%, 8/19/2030 †§x | Upstart | 8/22/2025 | 33186 | 33186 | 32422 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5842991, 26.190%, 8/19/2030 †§x | Upstart | 8/22/2025 | 28171 | 28171 | 27458 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5843261, 25.270%, 8/19/2030 †§x | Upstart | 8/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39508 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5843808, 17.020%, 8/19/2030 †§x | Upstart | 8/22/2025 | 42511 | 42511 | 41874 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5844377, 17.510%, 8/19/2030 †§x | Upstart | 8/22/2025 | 21508 | 21508 | 21185 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5844485, 20.930%, 8/19/2030 †§x | Upstart | 8/22/2025 | 29264 | 29264 | 28458 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5844569, 16.260%, 8/19/2030 †§x | Upstart | 8/22/2025 | 29762 | 29762 | 29318 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5844660, 19.390%, 8/19/2030 †§x | Upstart | 8/22/2025 | 29053 | 29053 | 28578 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5844705, 16.020%, 8/19/2030 †§x | Upstart | 8/22/2025 | 28072 | 28072 | 27653 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5845176, 18.450%, 8/19/2030 †§x | Upstart | 8/22/2025 | 30761 | 30761 | 29995 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5845309, 22.650%, 8/19/2030 †§x | Upstart | 8/22/2025 | 32460 | 32460 | 31959 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5845386, 22.770%, 8/19/2030 †§x | Upstart | 8/22/2025 | 21613 | 21613 | 21080 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5845642, 18.740%, 8/19/2030 †§x | Upstart | 8/22/2025 | 31340 | 31340 | 28911 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5845748, 18.450%, 8/19/2030 †§x | Upstart | 8/22/2025 | 34813 | 34813 | 34244 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5845925, 24.220%, 8/20/2030 †§x# | Upstart | 8/25/2025 | 23071 | 23071 | 21929 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5846097, 23.910%, 9/01/2030 †§x# | Upstart | 8/22/2025 | 32931 | 32931 | 32233 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5847031, 20.010%, 8/19/2028 †§x# | Upstart | 8/22/2025 | 30683 | 30683 | 28438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5847139, 20.360%, 8/19/2030 †§x# | Upstart | 8/22/2025 | 46612 | 46612 | 45431 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5850280, 18.800%, 8/20/2030 †§x | Upstart | 8/25/2025 | 46867 | 47002 | 45844 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5850874, 24.230%, 8/20/2030 †§x | Upstart | 8/25/2025 | 34193 | 34193 | 32497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5851378, 23.040%, 8/20/2030 †§x | Upstart | 8/25/2025 | 47210 | 47342 | 46142 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5851490, 13.970%, 8/21/2030 †§x | Upstart | 8/26/2025 | 25800 | 25800 | 25400 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5852139, 22.810%, 8/20/2030 †§x | Upstart | 8/25/2025 | 21520 | 21520 | 20997 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5852615, 14.350%, 8/21/2030 †§x | Upstart | 8/26/2025 | 23176 | 23176 | 23152 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5853046, 23.120%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 26913 | 26913 | 26268 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5854349, 17.020%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 31860 | 31860 | 31393 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5855107, 25.380%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 37436 | 37436 | 36586 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5855722, 12.790%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 40679 | 40679 | 40662 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5855786, 20.660%, 8/21/2030 †x◇ | Upstart | 8/26/2025 | 40344 | 40457 | 39399 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5859048, 23.860%, 8/22/2030 †x◇ | Upstart | 8/27/2025 | 20758 | 20758 | 20239 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5860174, 13.800%, 8/22/2030 †x◇ | Upstart | 8/27/2025 | 62210 | 62210 | 61324 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5860951, 18.500%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 32414 | 32414 | 31756 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5862769, 22.310%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 47179 | 47179 | 46126 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5866624, 22.210%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 20744 | 20744 | 20281 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5866939, 20.310%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 46993 | 46993 | 46322 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5867634, 17.840%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 23112 | 23174 | 22645 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5868227, 25.300%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 21985 | 22040 | 21480 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5868236, 17.350%, 8/25/2030 †x#◇ | Upstart | 8/28/2025 | 38759 | 38759 | 38165 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5868474, 23.670%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 23517 | 23517 | 22984 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5869469, 23.160%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 32392 | 32392 | 31707 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5869885, 23.080%, 9/05/2030 †x#◇ | Upstart | 8/28/2025 | 38981 | 38981 | 38561 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5870190, 18.420%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 20326 | 20326 | 20039 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5870605, 20.070%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 42211 | 42211 | 41549 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5870615, 17.510%, 8/25/2030 †x◇ | Upstart | 8/28/2025 | 20574 | 20574 | 20284 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5871560, 22.870%, 8/26/2030 †x#◇ | Upstart | 8/29/2025 | 32149 | 32149 | 31330 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5872327, 19.470%, 8/26/2030 †x◇ | Upstart | 8/29/2025 | 69446 | 69446 | 67850 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5874475, 19.970%, 8/26/2030 †x◇ | Upstart | 8/29/2025 | 64381 | 64381 | 63398 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5875074, 16.320%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 55985 | 55985 | 55106 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**298** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L5876497, 12.870%, 8/26/2030 †x◇ | Upstart | 8/29/2025 | $27692 | $27692 | $27677 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5876647, 20.570%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 46544 | 46661 | 45430 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5877582, 21.910%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 32550 | 32550 | 31768 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5877696, 25.980%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22089 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5877902, 19.370%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 26272 | 26272 | 25858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5878489, 11.350%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 20489 | 20548 | 20652 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5878491, 23.050%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 22662 | 22717 | 22045 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5878799, 21.530%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 28161 | 28161 | 27484 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5879613, 19.320%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 21075 | 21075 | 20592 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5879654, 22.670%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 21515 | 21568 | 20995 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5880050, 18.540%, 8/27/2030 †x◇ | Upstart | 9/02/2025 | 46505 | 46505 | 45803 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5880068, 15.030%, 8/27/2028 †x◇ | Upstart | 9/02/2025 | 20895 | 20895 | 20497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5880216, 12.630%, 8/27/2028 †x◇ | Upstart | 9/02/2025 | 31778 | 31778 | 31462 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5968959, 12.710%, 9/16/2030 †§x | Upstart | 9/19/2025 | 24600 | 24600 | 24593 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5969540, 23.840%, 9/16/2030 †§x | Upstart | 9/19/2025 | 38554 | 38554 | 37696 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5970090, 24.370%, 9/16/2030 †§x | Upstart | 9/19/2025 | 45444 | 45444 | 44701 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5978972, 17.030%, 9/17/2030 †§x | Upstart | 9/22/2025 | 33501 | 33501 | 32982 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5980715, 17.570%, 9/18/2030 †§x | Upstart | 9/23/2025 | 22879 | 22879 | 22528 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5981229, 12.750%, 9/18/2030 †§x | Upstart | 9/23/2025 | 47843 | 47843 | 47811 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5981754, 16.520%, 9/18/2030 †§x | Upstart | 9/23/2025 | 47237 | 47237 | 46589 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5981968, 17.220%, 9/18/2030 †§x | Upstart | 9/23/2025 | 26292 | 26379 | 25930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5983805, 24.130%, 9/18/2030 †§x# | Upstart | 9/23/2025 | 26224 | 26224 | 25805 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5983838, 13.890%, 9/18/2030 †§x | Upstart | 9/23/2025 | 23350 | 23350 | 22999 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5989857, 14.760%, 9/19/2028 †x◇ | Upstart | 9/24/2025 | 20533 | 20533 | 20173 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5990383, 19.840%, 9/19/2030 †x◇ | Upstart | 9/24/2025 | 26965 | 27053 | 26452 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5992648, 12.730%, 9/22/2030 †x#◇ | Upstart | 9/25/2025 | 21553 | 21553 | 21527 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5993170, 14.300%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 21306 | 21306 | 21000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5994549, 16.810%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 20510 | 20510 | 20241 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5995729, 22.300%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 39040 | 39040 | 38174 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5996858, 26.910%, 9/22/2030 †x#◇ | Upstart | 9/25/2025 | 32172 | 32172 | 30714 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5997703, 17.640%, 9/23/2028 †x◇ | Upstart | 9/26/2025 | 44454 | 44454 | 43809 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5997748, 10.710%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 39301 | 39301 | 39641 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5998216, 20.760%, 9/22/2030 †x#◇ | Upstart | 9/25/2025 | 22302 | 22302 | 21786 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5998274, 18.000%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 20728 | 20798 | 20421 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5998966, 15.470%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 31582 | 31582 | 31125 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5999072, 21.180%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 28538 | 28538 | 28012 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5999530, 20.280%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 21567 | 21567 | 21173 |
| &nbsp;&nbsp;&nbsp;&nbsp; L5999758, 17.960%, 9/22/2030 †x◇ | Upstart | 9/25/2025 | 31624 | 31624 | 31206 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6001694, 18.330%, 9/22/2030 †x#◇ | Upstart | 9/25/2025 | 33032 | 33032 | 32541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6005017, 20.490%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 20908 | 20908 | 20531 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6005054, 18.090%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 47350 | 47350 | 46520 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6005785, 17.190%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 47286 | 47286 | 46672 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6006123, 12.500%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 63826 | 63826 | 63024 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6006855, 13.010%, 9/23/2028 †x#◇ | Upstart | 9/26/2025 | 26308 | 26308 | 26181 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6007207, 12.720%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 59155 | 59155 | 59161 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6007271, 18.010%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 35792 | 35792 | 35325 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6007337, 17.110%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 34987 | 34987 | 34533 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6008613, 26.530%, 9/23/2030 †x◇ | Upstart | 9/26/2025 | 32383 | 32383 | 31095 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6009129, 18.240%, 9/23/2030 †x#◇ | Upstart | 9/26/2025 | 39374 | 39374 | 38794 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6010383, 13.550%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 20769 | 20769 | 20476 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6011584, 12.740%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 59769 | 59769 | 59746 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6012817, 20.910%, 9/24/2030 †x#◇ | Upstart | 9/29/2025 | 22290 | 22290 | 21816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6013116, 17.670%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 26030 | 26030 | 25695 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6013335, 23.850%, 9/24/2030 †x◇ | Upstart | 9/29/2025 | 28154 | 28154 | 26912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6015598, 14.800%, 9/25/2030 †x◇ | Upstart | 9/30/2025 | 35803 | 35803 | 35357 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6022518, 24.260%, 9/26/2030 †x | Upstart | 10/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21305 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**299** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L6024268, 25.610%, 9/26/2030 †x | Upstart | 10/01/2025 | $23923 | $23923 | $22897 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6025712, 17.050%, 9/26/2030 †x◇ | Upstart | 10/01/2025 | 47275 | 47275 | 46614 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6027029, 17.090%, 9/26/2030 †x◇ | Upstart | 10/01/2025 | 21275 | 21275 | 20977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6028745, 24.620%, 3/01/2029 †x# | Upstart | 10/02/2025 | 21379 | 21379 | 21278 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6028889, 17.480%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29253 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6029359, 19.100%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 36788 | 36788 | 36243 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6029816, 15.270%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 47787 | 47954 | 47241 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6030829, 22.730%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 26934 | 26934 | 25565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6031437, 17.790%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 22997 | 22997 | 22623 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6031616, 24.580%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 48268 | 48268 | 47436 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6032279, 14.730%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 22730 | 22730 | 22470 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6032766, 19.930%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 32607 | 32607 | 31820 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6032776, 15.950%, 10/16/2030 †x# | Upstart | 10/02/2025 | 43601 | 43601 | 40596 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6033595, 15.820%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 47822 | 47822 | 47275 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6034637, 11.450%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 46719 | 46719 | 46688 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6034643, 15.290%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 30556 | 30556 | 30207 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6034657, 23.380%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 38337 | 38337 | 37390 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6034740, 19.950%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 30954 | 31047 | 30208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6035316, 21.610%, 10/01/2030 †x◇ | Upstart | 10/02/2025 | 30776 | 30776 | 30024 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6036461, 24.740%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 22281 | 22281 | 21145 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6036511, 17.270%, 10/01/2030 †x#◇ | Upstart | 10/02/2025 | 37669 | 37669 | 37060 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6042477, 23.810%, 10/01/2030 †x#◇ | Upstart | 10/03/2025 | 25065 | 25065 | 24433 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6043072, 16.930%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 33029 | 33029 | 32631 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6043464, 15.280%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 28158 | 28158 | 27683 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6043482, 16.240%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 32234 | 32234 | 31846 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6044173, 17.340%, 10/01/2030 †x◇ | Upstart | 10/03/2025 | 33525 | 33642 | 33120 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6187306, 17.570%, 10/28/2030 †§x# | Upstart | 10/31/2025 | 37572 | 37572 | 36806 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6190692, 22.550%, 10/28/2028 †§x# | Upstart | 10/31/2025 | 32064 | 32064 | 31316 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6192942, 16.780%, 10/28/2030 †§x# | Upstart | 10/31/2025 | 37448 | 37448 | 37024 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6194488, 17.000%, 10/28/2030 †§x# | Upstart | 10/31/2025 | 21776 | 21776 | 21529 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6196309, 20.520%, 11/01/2030 †§x | Upstart | 11/03/2025 | 21397 | 21397 | 21066 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6196907, 21.610%, 11/01/2030 †§x | Upstart | 11/03/2025 | 48583 | 48583 | 47830 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6196933, 16.980%, 11/01/2030 †§x | Upstart | 11/03/2025 | 47436 | 47436 | 46756 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6196957, 23.390%, 11/01/2030 †§x | Upstart | 11/03/2025 | 37739 | 37739 | 36711 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6197004, 17.300%, 11/01/2030 †§x | Upstart | 11/03/2025 | 24239 | 24239 | 24026 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6197119, 11.460%, 11/01/2028 †§x# | Upstart | 11/03/2025 | 20829 | 20829 | 20561 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6197954, 15.870%, 11/01/2030 †§x | Upstart | 11/03/2025 | 47222 | 47222 | 46547 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6198458, 12.680%, 11/01/2030 †§x | Upstart | 11/03/2025 | 48243 | 48412 | 47819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6199626, 15.510%, 11/01/2028 †§x | Upstart | 11/03/2025 | 21043 | 21110 | 20789 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6200564, 15.520%, 11/01/2030 †§x | Upstart | 11/03/2025 | 29085 | 29085 | 28830 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6200744, 16.130%, 11/01/2030 †§x | Upstart | 11/03/2025 | 29630 | 29630 | 29206 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6326785, 16.270%, 11/21/2030 †§x | Upstart | 11/26/2025 | 21699 | 21699 | 21447 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6328971, 22.560%, 11/21/2028 †§x | Upstart | 11/26/2025 | 24379 | 24379 | 23501 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6536908, 12.710%, 1/01/2031 †§x | Upstart | 1/05/2026 | 49444 | 49444 | 49215 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6537322, 17.100%, 1/01/2031 †§x | Upstart | 1/05/2026 | 22486 | 22486 | 22381 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6537476, 13.190%, 1/01/2031 †§x | Upstart | 1/05/2026 | 22452 | 22452 | 22348 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6537566, 7.560%, 1/01/2031 †§x | Upstart | 1/05/2026 | 30393 | 30393 | 30352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6537651, 17.950%, 1/01/2031 †§x | Upstart | 1/05/2026 | 39635 | 39635 | 39306 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6692684, 22.220%, 1/28/2031 †§x | Upstart | 2/03/2026 | 33046 | 33046 | 32769 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6694155, 24.690%, 1/28/2029 †§x# | Upstart | 2/03/2026 | 29600 | 29600 | 29106 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6694441, 22.120%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 50000 | 50175 | 49558 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6694745, 12.410%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 38100 | 38100 | 37914 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6694970, 12.690%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 41200 | 41200 | 40998 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6694973, 11.810%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 35900 | 35900 | 35832 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695054, 8.920%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 41000 | 41000 | 40935 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695162, 22.750%, 1/28/2031 †§x | Upstart | 2/03/2026 | 42230 | 42230 | 41773 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**300** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695180, 23.120%, 1/28/2031 †§x | Upstart | 2/04/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25525 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25611 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25259 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695188, 15.040%, 1/28/2031 †§x | Upstart | 2/03/2026 | 20656 | 20656 | 20552 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695196, 23.280%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 49300 | 49300 | 48760 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695238, 15.050%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 20500 | 20500 | 20398 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695320, 25.390%, 1/28/2031 †§x# | Upstart | 2/03/2026 | 27200 | 27200 | 26956 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695532, 19.240%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 50000 | 50000 | 49723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695553, 12.360%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 49300 | 49473 | 49051 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695597, 12.620%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 23300 | 23300 | 23182 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695627, 15.380%, 1/28/2031 †§x | Upstart | 2/04/2026 | 28032 | 28032 | 27884 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6695736, 20.670%, 1/28/2031 †§x | Upstart | 2/04/2026 | 20870 | 20870 | 20685 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6696616, 17.790%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 44000 | 44000 | 43610 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6696632, 19.530%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 25000 | 25000 | 24776 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6697127, 14.580%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 21100 | 21100 | 20990 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6699084, 24.020%, 1/28/2031 †§x# | Upstart | 2/04/2026 | 25000 | 25000 | 24605 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6747259, 16.620%, 2/17/2031 †§x | Upstart | 2/20/2026 | 40200 | 40200 | 40076 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6775193, 22.400%, 2/17/2031 †§x | Upstart | 2/20/2026 | 42000 | 42000 | 41767 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6777742, 19.240%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6778793, 19.900%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49770 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6779295, 21.520%, 2/17/2031 †§x | Upstart | 2/20/2026 | 28700 | 28700 | 28543 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6780180, 18.520%, 2/17/2031 †§x | Upstart | 2/20/2026 | 21500 | 21500 | 21404 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6780673, 19.680%, 2/17/2031 †§x | Upstart | 2/20/2026 | 35300 | 35300 | 35113 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6781692, 23.140%, 2/17/2031 †§x | Upstart | 2/20/2026 | 22900 | 22900 | 22787 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6783038, 9.090%, 2/17/2029 †§x | Upstart | 2/20/2026 | 56000 | 56000 | 55928 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6783227, 18.480%, 2/17/2031 †§x | Upstart | 2/20/2026 | 47700 | 47700 | 47487 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6783371, 18.930%, 2/17/2031 †§x | Upstart | 2/20/2026 | 36400 | 36400 | 36236 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6784567, 19.420%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49737 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6785075, 14.400%, 2/17/2031 †§x | Upstart | 2/20/2026 | 20900 | 20900 | 20840 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6785101, 20.130%, 2/17/2031 †§x | Upstart | 2/20/2026 | 40800 | 40800 | 40583 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6785533, 9.490%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49934 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6785951, 22.680%, 2/17/2031 †§x | Upstart | 2/20/2026 | 39100 | 39100 | 38882 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6786461, 20.100%, 2/17/2031 †§x | Upstart | 2/20/2026 | 23000 | 23000 | 22922 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6786496, 19.570%, 2/17/2031 †§x | Upstart | 2/20/2026 | 44900 | 44900 | 44663 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6786896, 20.130%, 2/17/2031 †§x | Upstart | 2/20/2026 | 33000 | 33000 | 32847 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6786902, 22.320%, 2/17/2031 †§x | Upstart | 2/20/2026 | 49500 | 49500 | 49226 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787213, 22.880%, 2/17/2031 †§x | Upstart | 2/20/2026 | 49900 | 49900 | 49621 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787326, 16.950%, 2/17/2031 †§x | Upstart | 2/20/2026 | 20500 | 20500 | 20411 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787441, 17.290%, 2/17/2031 †§x | Upstart | 2/20/2026 | 38000 | 38133 | 37881 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787700, 20.440%, 2/17/2031 †§x | Upstart | 2/20/2026 | 20900 | 20900 | 20788 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787878, 19.870%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787882, 22.280%, 2/17/2031 †§x | Upstart | 2/20/2026 | 40000 | 40000 | 39779 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787906, 20.340%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49732 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6787925, 18.690%, 2/17/2031 †§x | Upstart | 2/20/2026 | 43800 | 43800 | 43603 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6788374, 14.020%, 2/17/2031 †§x | Upstart | 2/20/2026 | 39700 | 39839 | 39588 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6788516, 13.780%, 2/17/2031 †§x | Upstart | 2/20/2026 | 33000 | 33000 | 32907 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6788976, 19.120%, 2/17/2031 †§x | Upstart | 2/20/2026 | 44200 | 44200 | 44000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6789156, 17.430%, 2/17/2031 †§x | Upstart | 2/20/2026 | 62000 | 62000 | 61804 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6789747, 17.390%, 2/17/2031 †§x | Upstart | 2/23/2026 | 21800 | 21865 | 21731 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6789974, 19.170%, 2/17/2031 †§x | Upstart | 2/20/2026 | 27800 | 27800 | 27654 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6792401, 19.730%, 2/17/2031 †§x | Upstart | 2/20/2026 | 50000 | 50000 | 49831 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6792639, 18.310%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22200 | 22200 | 22093 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6793043, 17.860%, 2/18/2031 †§x | Upstart | 2/23/2026 | 35800 | 35800 | 35652 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6793258, 17.390%, 2/18/2031 †§x | Upstart | 2/23/2026 | 50000 | 50000 | 49795 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6793634, 21.200%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22000 | 22000 | 21888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6793645, 19.680%, 2/18/2031 †§x | Upstart | 2/23/2026 | 30000 | 30000 | 29852 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6793974, 17.720%, 2/18/2031 †§x | Upstart | 2/23/2026 | 50000 | 50000 | 49762 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6794411, 14.860%, 2/18/2031 †§x | Upstart | 2/23/2026 | 32300 | 32300 | 32211 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**301** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L6794553, 14.730%, 2/19/2031 †§x | Upstart | 2/24/2026 | $29100 | $29100 | $29025 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6794589, 18.360%, 2/18/2031 †§x | Upstart | 2/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24524 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6795246, 22.440%, 2/18/2031 †§x | Upstart | 2/23/2026 | 49900 | 49900 | 49640 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6795311, 17.300%, 2/18/2031 †§x | Upstart | 2/23/2026 | 33300 | 33300 | 33200 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6795373, 20.500%, 2/18/2031 †§x | Upstart | 2/23/2026 | 20300 | 20300 | 20198 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6795938, 18.500%, 2/18/2031 †§x | Upstart | 2/23/2026 | 33100 | 33100 | 32961 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6796273, 19.770%, 2/18/2031 †§x | Upstart | 2/23/2026 | 24600 | 24600 | 24478 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6796865, 25.660%, 2/18/2031 †§x | Upstart | 2/23/2026 | 46000 | 46000 | 45680 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6796953, 18.090%, 2/18/2031 †§x | Upstart | 2/23/2026 | 50000 | 50000 | 49847 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6796982, 13.540%, 2/18/2031 †§x | Upstart | 2/23/2026 | 35000 | 35000 | 34908 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797072, 21.860%, 2/18/2031 †§x | Upstart | 2/23/2026 | 29700 | 29804 | 29547 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797139, 18.350%, 2/18/2031 †§x | Upstart | 2/23/2026 | 23000 | 23000 | 22904 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797173, 21.550%, 2/18/2031 †§x | Upstart | 2/23/2026 | 46000 | 46000 | 45764 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797271, 15.620%, 2/18/2031 †§x | Upstart | 2/23/2026 | 24800 | 24800 | 24730 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797385, 24.340%, 2/18/2031 †§x | Upstart | 2/23/2026 | 23100 | 23100 | 22976 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797625, 13.620%, 2/19/2031 †§x | Upstart | 2/24/2026 | 50000 | 50000 | 49876 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797645, 15.600%, 2/24/2031 †x | Upstart | 2/27/2026 | 22100 | 22100 | 22100 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797718, 18.080%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22400 | 22400 | 22331 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797758, 12.720%, 2/18/2031 †§x | Upstart | 2/23/2026 | 57000 | 57000 | 56854 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6797759, 23.780%, 2/18/2031 †§x | Upstart | 2/23/2026 | 24700 | 24700 | 24568 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798019, 17.460%, 2/18/2031 †§x | Upstart | 2/23/2026 | 28100 | 28100 | 27985 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798165, 22.730%, 2/18/2031 †§x | Upstart | 2/23/2026 | 50000 | 50000 | 49738 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798247, 18.430%, 2/18/2031 †§x | Upstart | 2/23/2026 | 33300 | 33300 | 33160 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798301, 24.160%, 2/18/2031 †§x | Upstart | 2/23/2026 | 50000 | 50000 | 49818 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798434, 22.980%, 2/18/2031 †§x | Upstart | 2/23/2026 | 22700 | 22700 | 22581 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798457, 19.830%, 2/19/2031 †§x | Upstart | 2/24/2026 | 29700 | 29700 | 29580 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798640, 20.710%, 2/18/2031 †§x | Upstart | 2/24/2026 | 39600 | 39597 | 39400 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6798664, 22.190%, 2/19/2031 †§x | Upstart | 2/24/2026 | 21500 | 21500 | 21396 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6799129, 14.010%, 2/19/2031 †§x | Upstart | 2/24/2026 | 25200 | 25200 | 25136 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6800061, 20.410%, 2/19/2031 †§x | Upstart | 2/24/2026 | 50000 | 50000 | 49795 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6800122, 25.510%, 2/19/2031 †§x | Upstart | 2/24/2026 | 24075 | 24075 | 23920 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6800327, 18.840%, 2/19/2031 †§x | Upstart | 2/24/2026 | 48100 | 48100 | 47910 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6800464, 17.640%, 2/19/2031 †§x | Upstart | 2/24/2026 | 25300 | 25300 | 25203 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6800837, 19.690%, 2/19/2031 †§x | Upstart | 2/24/2026 | 22700 | 22700 | 22596 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6801817, 21.710%, 2/19/2031 †§x | Upstart | 2/24/2026 | 33000 | 33000 | 32842 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6801915, 21.300%, 2/19/2031 †§x | Upstart | 2/24/2026 | 30000 | 30000 | 29858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802018, 17.300%, 2/19/2031 †§x | Upstart | 2/24/2026 | 39600 | 39600 | 39488 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802063, 20.420%, 2/19/2031 †§x | Upstart | 2/24/2026 | 46700 | 46700 | 46508 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802240, 16.470%, 2/19/2031 †§x | Upstart | 2/24/2026 | 21000 | 21000 | 20942 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802389, 17.600%, 2/23/2031 †§x | Upstart | 2/26/2026 | 33000 | 33000 | 32910 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802430, 16.900%, 2/19/2029 †§x | Upstart | 2/24/2026 | 50000 | 50000 | 49794 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802516, 23.890%, 2/19/2031 †§x | Upstart | 2/24/2026 | 24100 | 24100 | 23980 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802610, 18.160%, 2/19/2031 †§x | Upstart | 2/24/2026 | 25000 | 25088 | 24927 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6802670, 12.760%, 2/19/2031 †§x | Upstart | 2/24/2026 | 74000 | 74000 | 73882 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6803089, 17.020%, 2/19/2031 †§x | Upstart | 2/24/2026 | 28500 | 28600 | 28420 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6803109, 24.150%, 2/19/2031 †§x | Upstart | 2/24/2026 | 23700 | 23700 | 23581 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6803169, 22.730%, 2/19/2031 †§x | Upstart | 2/24/2026 | 30800 | 30800 | 30650 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6803183, 23.650%, 2/19/2031 †§x | Upstart | 2/24/2026 | 29600 | 29704 | 29453 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6803247, 10.600%, 2/19/2031 †§x | Upstart | 2/24/2026 | 37000 | 37000 | 36949 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6803269, 13.070%, 2/19/2031 †§x | Upstart | 2/24/2026 | 32700 | 32700 | 32620 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6803769, 18.630%, 2/19/2031 †§x | Upstart | 2/24/2026 | 25000 | 25000 | 24902 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6804180, 14.140%, 2/19/2031 †§x | Upstart | 2/24/2026 | 57000 | 57000 | 56855 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6804422, 23.430%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 49900 | 49900 | 49722 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6804444, 9.780%, 2/20/2029 †§x | Upstart | 2/25/2026 | 75000 | 75000 | 74909 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6804601, 10.910%, 2/20/2031 †§x | Upstart | 2/25/2026 | 49300 | 49300 | 49233 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6805182, 17.240%, 2/20/2031 †§x | Upstart | 2/25/2026 | 46100 | 46100 | 45977 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**302** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L6805536, 15.490%, 2/20/2031 †§x | Upstart | 2/25/2026 | $50000 | $50000 | $49874 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6805586, 25.110%, 2/20/2031 †§x | Upstart | 2/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24256 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6805600, 23.210%, 2/20/2031 †§x | Upstart | 2/25/2026 | 32000 | 32000 | 31853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6805693, 26.120%, 2/20/2031 †§x | Upstart | 2/25/2026 | 44100 | 44100 | 43836 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6805914, 18.130%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6806034, 20.210%, 2/20/2031 †§x | Upstart | 2/25/2026 | 28100 | 28100 | 27979 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6806058, 15.600%, 2/20/2031 †§x | Upstart | 2/25/2026 | 24500 | 24586 | 24438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6806159, 19.080%, 2/20/2031 †§x | Upstart | 2/25/2026 | 41000 | 41000 | 40848 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6806420, 19.870%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49787 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6806754, 15.800%, 2/20/2031 †§x | Upstart | 2/25/2026 | 30000 | 30105 | 29924 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6806792, 9.970%, 2/20/2031 †§x | Upstart | 2/25/2026 | 75000 | 75000 | 74907 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6806984, 18.460%, 2/20/2031 †§x | Upstart | 2/25/2026 | 43900 | 43900 | 43740 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6807616, 19.730%, 2/20/2031 †§x | Upstart | 2/25/2026 | 36300 | 36427 | 36146 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6807920, 17.490%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49865 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808080, 22.740%, 2/20/2031 †§x | Upstart | 2/25/2026 | 38900 | 38900 | 38723 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808131, 12.010%, 2/20/2031 †§x | Upstart | 2/25/2026 | 25000 | 25000 | 24945 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808139, 15.840%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49873 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808227, 20.040%, 2/20/2031 †§x | Upstart | 2/25/2026 | 22200 | 22200 | 22105 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808649, 18.820%, 2/20/2031 †§x | Upstart | 2/25/2026 | 50000 | 50000 | 49816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808737, 16.530%, 2/20/2031 †§x | Upstart | 2/25/2026 | 20400 | 20400 | 20347 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808763, 10.960%, 2/20/2029 †§x | Upstart | 2/25/2026 | 31200 | 31200 | 31140 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808837, 16.880%, 2/20/2029 †§x | Upstart | 2/25/2026 | 24900 | 24900 | 24805 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6808839, 20.890%, 2/20/2031 †§x | Upstart | 2/25/2026 | 44700 | 44700 | 44565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6809250, 21.230%, 2/20/2031 †§x | Upstart | 2/25/2026 | 22200 | 22278 | 22102 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6809622, 22.020%, 2/23/2031 †§x | Upstart | 2/26/2026 | 34300 | 34300 | 34182 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6809625, 18.540%, 2/23/2031 †§x | Upstart | 2/26/2026 | 33000 | 33000 | 32907 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6809626, 21.860%, 2/23/2031 †§x | Upstart | 2/26/2026 | 50000 | 50000 | 49829 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6809636, 18.200%, 2/23/2031 †§x | Upstart | 2/26/2026 | 38700 | 38700 | 38592 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6810043, 12.410%, 2/23/2031 †§x | Upstart | 2/26/2026 | 60000 | 60000 | 59919 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6810138, 9.750%, 2/23/2031 †§x | Upstart | 2/26/2026 | 20500 | 20500 | 20478 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6810361, 11.360%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 33000 | 33116 | 32959 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6810546, 14.870%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 44000 | 44000 | 43912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6811074, 16.520%, 2/23/2031 †§x | Upstart | 2/26/2026 | 22900 | 22900 | 22851 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6811409, 15.300%, 2/23/2031 †§x | Upstart | 2/26/2026 | 67000 | 67000 | 66864 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6811497, 15.220%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 33700 | 33700 | 33632 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6811894, 21.480%, 2/23/2031 †§x | Upstart | 2/26/2026 | 26000 | 26000 | 25919 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6812285, 15.260%, 2/23/2031 †§x | Upstart | 2/26/2026 | 22300 | 22300 | 22255 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6812350, 17.420%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 25000 | 25000 | 24944 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6812586, 20.420%, 2/23/2029 †§x | Upstart | 2/26/2026 | 43300 | 43300 | 43162 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6812753, 14.950%, 2/23/2031 †§x | Upstart | 2/26/2026 | 29600 | 29600 | 29541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6812998, 24.190%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 44500 | 44656 | 44338 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6813211, 20.880%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 31500 | 31500 | 31395 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6813793, 18.470%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 27900 | 27900 | 27821 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6813953, 8.890%, 2/23/2031 †§x | Upstart | 2/26/2026 | 23600 | 23600 | 23576 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6814436, 22.790%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 33500 | 33500 | 33383 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6814454, 20.820%, 2/23/2031 †§x | Upstart | 2/26/2026 | 25500 | 25500 | 25415 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6814584, 17.450%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 30000 | 30000 | 29933 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6814909, 21.000%, 2/23/2029 †§x | Upstart | 2/26/2026 | 28200 | 28200 | 28109 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6815095, 15.710%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50175 | 49896 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6815312, 20.970%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 21800 | 21800 | 21730 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6815374, 20.180%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 49700 | 49700 | 49543 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6815517, 17.330%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 33900 | 33900 | 33825 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6815893, 9.820%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 38400 | 38400 | 38358 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816195, 24.250%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 30200 | 30200 | 30090 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816215, 9.960%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24400 | 24400 | 24373 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816271, 21.420%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49870 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**303** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816319, 16.910%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32200 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32200 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32130 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816602, 20.770%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 23300 | 23300 | 23229 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816757, 17.920%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 23800 | 23800 | 23734 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816864, 20.560%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 49100 | 49272 | 48938 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816931, 19.240%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 32600 | 32600 | 32506 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6816965, 17.440%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 30000 | 30000 | 29933 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817068, 18.650%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 44500 | 44500 | 44384 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817073, 21.420%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49845 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817088, 20.260%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 43300 | 43300 | 43192 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817369, 20.300%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 40700 | 40700 | 40567 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817590, 26.570%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 36600 | 36600 | 36459 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817763, 15.390%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 24200 | 24200 | 24151 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817824, 20.700%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 25000 | 25000 | 24924 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817895, 20.620%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 25600 | 25600 | 25523 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6817921, 11.760%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 21300 | 21300 | 21272 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6818219, 21.360%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49832 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6818398, 19.100%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 21200 | 21200 | 21135 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6818502, 9.100%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 75000 | 75000 | 74923 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6818602, 16.450%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 50000 | 50000 | 49893 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6818852, 16.810%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 28700 | 28700 | 28638 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6819125, 18.330%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 27700 | 27700 | 27636 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6819294, 19.840%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 34100 | 34100 | 34000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6820950, 16.110%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50175 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6821076, 20.160%, 2/24/2029 †x | Upstart | 2/27/2026 | 27500 | 27500 | 27500 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6821300, 15.430%, 2/24/2031 †x | Upstart | 2/27/2026 | 45000 | 45158 | 45000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6821548, 22.470%, 2/24/2031 †x | Upstart | 2/27/2026 | 49900 | 49900 | 49900 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6822115, 14.540%, 2/24/2031 †x | Upstart | 2/27/2026 | 22700 | 22700 | 22700 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6822540, 23.780%, 2/24/2031 †x | Upstart | 2/27/2026 | 30000 | 30000 | 30000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6822743, 21.550%, 2/24/2031 †x | Upstart | 2/27/2026 | 47400 | 47400 | 47400 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6822816, 17.480%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6822834, 19.650%, 2/24/2031 †x | Upstart | 2/27/2026 | 34800 | 34800 | 34800 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824156, 15.310%, 2/24/2031 †x | Upstart | 2/27/2026 | 21100 | 21174 | 21100 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824252, 17.940%, 2/24/2031 †x | Upstart | 2/27/2026 | 23000 | 23000 | 23000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824363, 17.970%, 2/24/2031 †x | Upstart | 2/27/2026 | 27200 | 27200 | 27200 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824466, 17.850%, 2/24/2031 †x | Upstart | 2/27/2026 | 27600 | 27600 | 27600 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824604, 15.740%, 2/24/2031 †x | Upstart | 2/27/2026 | 27800 | 27800 | 27800 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824649, 14.380%, 2/24/2031 †x | Upstart | 2/27/2026 | 21900 | 21900 | 21900 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824711, 22.640%, 2/24/2031 †x | Upstart | 2/27/2026 | 29700 | 29700 | 29700 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6824886, 23.400%, 2/24/2031 †x | Upstart | 2/27/2026 | 21200 | 21274 | 21200 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6825730, 21.480%, 2/24/2031 †x | Upstart | 2/27/2026 | 39600 | 39600 | 39600 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6825858, 14.570%, 2/24/2031 †x | Upstart | 2/27/2026 | 75000 | 75263 | 75000 |
| &nbsp;&nbsp;&nbsp;&nbsp; L6826017, 22.790%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00799896, 26.210%, 4/19/2029 †x# | LendingPoint | 4/24/2023 | 25399 | 25399 | 25083 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800002, 20.770%, 3/31/2029 †x# | LendingPoint | 4/24/2023 | 34407 | 34407 | 33458 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800022, 29.950%, 4/19/2028 †x# | LendingPoint | 4/24/2023 | 22399 | 22399 | 21667 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00823074, 23.390%, 6/13/2029 †x# | LendingPoint | 6/16/2023 | 32141 | 32141 | 31807 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00840259, 18.180%, 8/30/2026 †x | LendingPoint | 8/07/2023 | 20943 | 20943 | 20306 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6201600, 25.570%, 11/01/2030 †x | Upstart | 11/04/2025 | 29289 | 29289 | 28741 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6324642, 29.520%, 11/21/2030 †§x | Upstart | 11/26/2025 | 30698 | 30698 | 29942 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6538015, 19.610%, 1/01/2031 †x | Upstart | 1/06/2026 | 49546 | 49546 | 49308 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6776817, 20.200%, 2/17/2031 †x | Upstart | 2/20/2026 | 25000 | 25000 | 24867 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6779436, 18.820%, 2/17/2031 †x | Upstart | 2/20/2026 | 44500 | 44500 | 44300 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6784132, 28.730%, 2/17/2031 †x | Upstart | 2/20/2026 | 21500 | 21500 | 21333 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6786858, 20.630%, 2/17/2031 †x | Upstart | 2/20/2026 | 35000 | 35000 | 34836 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6788328, 28.850%, 2/17/2031 †x | Upstart | 2/20/2026 | 28400 | 28400 | 28179 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6790680, 19.560%, 2/17/2031 †x | Upstart | 2/20/2026 | 32700 | 32700 | 32550 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**304** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 90.83% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6796750, 18.820%, 2/18/2031 †x | Upstart | 2/23/2026 | $50000 | $50000 | $49789 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6797316, 31.500%, 2/18/2031 †x | Upstart | 2/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37515 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6797469, 29.530%, 2/18/2031 †x | Upstart | 2/23/2026 | 21200 | 21200 | 21075 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6798266, 29.760%, 2/19/2029 †x | Upstart | 2/24/2026 | 24600 | 24600 | 24425 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6798642, 26.840%, 2/19/2031 †x | Upstart | 2/24/2026 | 34600 | 34600 | 34373 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6803072, 17.000%, 2/19/2031 †x | Upstart | 2/24/2026 | 34100 | 34100 | 34004 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6804665, 29.610%, 2/20/2029 †x | Upstart | 2/25/2026 | 35600 | 35600 | 35366 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6805250, 20.230%, 2/20/2031 †x | Upstart | 2/25/2026 | 28400 | 28400 | 28278 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6806311, 22.190%, 2/20/2031 †x | Upstart | 2/25/2026 | 35800 | 35800 | 35639 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6808374, 32.370%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 25000 | 25000 | 24874 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6813750, 29.490%, 2/23/2031 †x | Upstart | 2/26/2026 | 32900 | 32900 | 32743 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6816520, 21.740%, 2/23/2029 †x◇ | Upstart | 2/26/2026 | 25700 | 25700 | 25615 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6817580, 32.240%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 22200 | 22200 | 22088 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6817619, 22.880%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 22700 | 22700 | 22606 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6817798, 29.920%, 2/23/2031 †x◇ | Upstart | 2/26/2026 | 25500 | 25500 | 25377 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6822783, 22.920%, 2/24/2031 †x | Upstart | 2/27/2026 | 50000 | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6824245, 14.460%, 2/24/2031 †x | Upstart | 2/27/2026 | 25000 | 25000 | 25000 |
| &nbsp;&nbsp;&nbsp;&nbsp; PATH6824669, 20.360%, 2/24/2031 †x | Upstart | 2/27/2026 | 20500 | 20500 | 20500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 5.990% - 26.990%<br>6/05/2022 - 4/24/2031 †§x#^ | Achieve | 2/02/2018 - 2/12/2026 | 22627782 | 22721011 | 18972731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 0.000% - 35.990%<br>5/28/2022 - 1/21/2030 †§x#^« | Affirm | 11/12/2021 - 2/13/2026 | 57580350 | 58618003 | 34871669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 0.000% - 32.600%<br>4/02/2023 - 3/24/2037 †x#^◇ | Best Egg | 12/06/2021 - 2/27/2026 | 100350923 | 98929552 | 86442534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 0.000% - 32.390%<br>3/31/2023 - 6/20/2031 †§x#^◇ | Lending Club | 10/11/2017 - 10/20/2025 | 74491342 | 73316117 | 22644836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 0.000% - 32.270%<br>4/18/2023 - 8/10/2032 †§x#^ | LendingPoint | 4/10/2019 - 8/21/2023 | 709456 | 709823 | 533399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 6.000% - 33.000%<br>11/30/2022 - 11/24/2031 †§x#^◇ | Prosper | 3/25/2021 - 2/27/2026 | 117393058 | 115967990 | 105506942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 5.750% - 23.230%<br>5/23/2024 - 6/05/2030 †§x#^◇ | SoFi | 2/02/2018 - 6/29/2023 | 4637780 | 4713266 | 4396010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 5.740% - 30.890%<br>3/16/2023 - 2/28/2031 †§x#^◇ | Upgrade | 3/11/2021 - 2/23/2026 | 167583946 | 165090814 | 141389955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 0.000% - 34.970%<br>12/18/2022 - 8/01/2031 †§x#^◇ | Upstart | 12/21/2017 - 2/27/2026 | 410216933 | 409623294 | 363880869 |
|  **Total Consumer Loans** | **Total Consumer Loans** |  |  | **1463305670** | **1290650222** |
|  **Small Business Loans - 4.30%** | **Small Business Loans - 4.30%** |  |  |  |  |
| **United Kingdom - 0.18%** | **United Kingdom - 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 179947, 10.500%, 3/28/2022 †x#^ | Funding Circle | 3/28/2017 | 63794 | 87791 | 25792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 214896, 7.900%, 9/18/2022 †x#^ | Funding Circle | 9/18/2017 | 89848 | 123645 | 36325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 256326, 9.500%, 3/14/2023 †x#^ | Funding Circle | 3/14/2018 | 80267 | 112118 | 32452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 260801, 9.500%, 3/29/2023 †x#^ | Funding Circle | 3/29/2018 | 51852 | 72749 | 20964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 283571, 10.500%, 7/05/2023 †x#^ | Funding Circle | 7/05/2018 | 70288 | 96728 | 28417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 284688, 7.900%, 7/11/2023 †x#^ | Funding Circle | 7/11/2018 | 61901 | 83877 | 25026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285214, 7.900%, 7/11/2023 †x#^ | Funding Circle | 7/11/2018 | 89052 | 122549 | 36003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 293121, 8.900%, 1/10/2024 †x#^ | Funding Circle | 9/10/2018 | 58856 | 76678 | 23795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 296242, 7.900%, 12/16/2023 †x#^ | Funding Circle | 8/16/2018 | 54356 | 69127 | 21976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 308801, 12.900%, 10/08/2023 †x#^ | Funding Circle | 10/08/2018 | 196705 | 257586 | 79527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 313299, 8.900%, 2/29/2024 †x#^ | Funding Circle | 10/31/2018 | 187880 | 240148 | 75959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 314510, 13.500%, 10/25/2023 †x#^ | Funding Circle | 10/25/2018 | 127271 | 175145 | 51455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 315906, 10.500%, 12/18/2023 †x#^ | Funding Circle | 10/18/2018 | 98823 | 135996 | 39954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 317387, 9.900%, 1/04/2024 †x#^ | Funding Circle | 1/04/2019 | 136413 | 173741 | 55151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 318273, 9.900%, 10/25/2023 †x#^ | Funding Circle | 10/25/2018 | 53005 | 67932 | 21430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 329350, 9.900%, 12/05/2023 †x#^ | Funding Circle | 12/05/2018 | 124954 | 159060 | 50519 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**305** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United Kingdom - 0.18% (continued)** | **United Kingdom - 0.18% (continued)** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 335219, 11.900%, 12/17/2023 †x#^ | Funding Circle | 12/17/2018 | 81115 | $102302 | $32795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 340217, 11.900%, 2/06/2024 †x#^ | Funding Circle | 2/06/2019 | 69350 | 89710 | 28038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347075, 9.900%, 6/13/2024 †x#^ | Funding Circle | 2/13/2019 | 52148 | 67002 | 21083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347355, 14.900%, 2/14/2024 †x#^ | Funding Circle | 2/14/2019 | 59203 | 75738 | 23935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 348914, 13.500%, 2/13/2024 †x#^ | Funding Circle | 2/13/2019 | 59757 | 76779 | 24160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 351744, 10.900%, 2/21/2024 †x#^ | Funding Circle | 2/21/2019 | 91979 | 119912 | 37187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357563, 11.900%, 3/13/2024 †x#^ | Funding Circle | 3/13/2019 | 55224 | 73238 | 22327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 357664, 12.900%, 6/06/2024 †x#^ | Funding Circle | 6/06/2019 | 52697 | 72519 | 21305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 365501, 9.900%, 4/10/2024 †x#^ | Funding Circle | 4/10/2019 | 152155 | 199224 | 61516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 367726, 12.600%, 4/26/2023 †x#^ | Funding Circle | 4/26/2019 | 113955 | 156820 | 46071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 377553, 8.900%, 10/20/2024 †x#^ | Funding Circle | 6/20/2019 | 94437 | 119973 | 38181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 381864, 9.900%, 8/12/2024 †x#^ | Funding Circle | 6/12/2019 | 79478 | 100819 | 32133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 386788, 17.900%, 8/20/2024 †x#^ | Funding Circle | 6/20/2019 | 64292 | 81677 | 25993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 391863, 18.900%, 7/26/2024 †x#^ | Funding Circle | 7/26/2019 | 62596 | 77528 | 25307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 391905, 12.900%, 7/23/2024 †x#^ | Funding Circle | 7/23/2019 | 111283 | 153144 | 44991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Small Business Loans, 3.900% -<br>25.500% 1/24/2021 - 11/05/2024 †x#^ | Funding Circle | 7/25/2016 - 7/26/2019 | 3707330 | 4872923 | 1498432 |
|  |  |  |  | **8494178** | **2608199** |
| **United States - 4.12%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 02cb546c-5da0-4e83-9fbf-282a020e96b5,<br>10.790%, 9/24/2023 †x#^ | Funding Circle | 9/26/2018 | $113521 | 113521 | 34056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 07832286-bef7-4502-adb6-3f5d1e410992,<br>15.820%, 5/13/2024 †x#^ | Funding Circle | 11/16/2018 | 75200 | 75200 | 22560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0d319bef-a790-4907-b351-ebff4731d2b6,<br>8.250%, 5/01/2023 †x#^ | Funding Circle | 5/03/2018 | 136966 | 136966 | 41090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0d65f8f4-a679-4e34-ae32-fc94edfe755c,<br>15.420%, 11/19/2019 †x#^ | Funding Circle | 12/14/2017 | 80645 | 80645 | 24194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10006035, 6.667%, 4/30/2027 †§x¶ | Square | 11/03/2025 | 41184 | 37440 | 38653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10012174, 4.717%, 4/30/2027 †§x¶ | Square | 11/04/2025 | 33210 | 31015 | 31853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10022926, 5.157%, 5/04/2027 †§x¶ | Square | 11/06/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10038503, 5.472%, 5/06/2027 †x¶ | Square | 11/10/2025 | 33559 | 31014 | 24295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10041042, 4.717%, 5/06/2027 †§x¶ | Square | 11/10/2025 | 46798 | 43706 | 45027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10047873, 5.157%, 5/07/2027 †§x¶ | Square | 11/12/2025 | 47818 | 44384 | 45155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10054332, 5.157%, 5/10/2027 †x¶ | Square | 11/13/2025 | 34946 | 32436 | 24472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10057804, 5.157%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 31593 | 29325 | 29826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10058701, 4.717%, 5/11/2027 †§x¶ | Square | 11/14/2025 | 41855 | 39090 | 35560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10068693, 5.723%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 23980 | 22084 | 22568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10070128, 4.718%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 34607 | 32320 | 32651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10071606, 5.158%, 5/13/2027 †§x¶ | Square | 11/17/2025 | 21298 | 19769 | 20068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10075003, 4.717%, 5/14/2027 †§x¶ | Square | 11/18/2025 | 25810 | 24105 | 24826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10076644, 6.353%, 5/15/2027 †§x¶ | Square | 11/19/2025 | 29847 | 27250 | 26994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10080949, 5.724%, 5/17/2027 †§x¶ | Square | 11/19/2025 | 43936 | 40463 | 40250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10088983, 4.717%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 20985 | 19598 | 20369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10091296, 5.157%, 5/19/2027 †§x¶ | Square | 11/21/2025 | 53199 | 49379 | 49019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10101675, 5.157%, 5/20/2027 †§x¶ | Square | 11/24/2025 | 70344 | 65293 | 65174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10109560, 5.158%, 5/23/2027 †§x¶ | Square | 11/26/2025 | 28486 | 26440 | 26960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10119446, 5.157%, 5/25/2027 †§x¶ | Square | 11/28/2025 | 56378 | 52330 | 53512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208286, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 43742 | 40947 | 41471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208291, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 26246 | 24569 | 24786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208296, 5.552%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 26166 | 24162 | 24834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208311, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 23719 | 22203 | 22526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208350, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 58550 | 54810 | 55582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208402, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 39624 | 37093 | 37629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208413, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 42165 | 39472 | 39911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208459, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 42963 | 40219 | 40659 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**306** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208470, 5.805%, 6/15/2027 †§x¶ | Square | 12/17/2025 | $28564 | $26276 | $26299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208489, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 81139 | 75956 | 77156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208501, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 36185 | 33667 | 31572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208513, 6.494%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 52489 | 47829 | 45711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208514, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 66747 | 62484 | 63398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208538, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45781 | 42594 | 43353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208544, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45546 | 42636 | 43312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208565, 5.804%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 63773 | 58665 | 59611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208580, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 33283 | 31156 | 31650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208612, 5.302%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 27857 | 25805 | 26624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208619, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 24463 | 22900 | 23044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208680, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 36429 | 33893 | 33697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208696, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 90045 | 84293 | 85480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208697, 5.553%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 33810 | 31210 | 32008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208707, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 21209 | 19853 | 20132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208723, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 67241 | 62946 | 63854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10208745, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45124 | 41983 | 42734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10209364, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45299 | 42405 | 43002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10209575, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 54263 | 50797 | 51123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10209863, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 69911 | 65446 | 63895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10210081, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10210148, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 34209 | 31827 | 32243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10210298, 4.989%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 22679 | 21100 | 21585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10210344, 4.549%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 26522 | 24828 | 25177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10210545, 4.550%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 45516 | 42608 | 43210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10210651, 4.988%, 6/15/2027 †§x¶ | Square | 12/17/2025 | 50431 | 46920 | 47305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10213106, 4.989%, 6/16/2027 †§x¶ | Square | 12/18/2025 | 39703 | 36939 | 37016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10262903, 4.717%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 23300 | 21761 | 21345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10265492, 5.472%, 6/30/2027 †§x¶ | Square | 1/02/2026 | 50446 | 46620 | 47702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10271139, 4.717%, 6/30/2027 †§x¶ | Square | 1/05/2026 | 26226 | 24493 | 24756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10275271, 6.352%, 7/01/2027 †§x¶ | Square | 1/06/2026 | 29745 | 27157 | 27160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10278503, 6.352%, 7/02/2027 †§x¶ | Square | 1/06/2026 | 27139 | 24778 | 25371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10293092, 4.717%, 7/06/2027 †§x¶ | Square | 1/08/2026 | 33759 | 31528 | 31918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10297147, 4.717%, 7/07/2027 †§x¶ | Square | 1/09/2026 | 40592 | 37910 | 38370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10301787, 5.724%, 7/07/2027 †§x¶ | Square | 1/12/2026 | 25291 | 23291 | 23851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10305638, 5.158%, 7/08/2027 †§x¶ | Square | 1/12/2026 | 38078 | 35343 | 35976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10309816, 6.666%, 7/09/2027 †§x¶ | Square | 1/13/2026 | 31730 | 28846 | 29715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10316759, 4.718%, 7/12/2027 †§x¶ | Square | 1/14/2026 | 34388 | 32115 | 32508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10325265, 4.717%, 7/14/2027 †§x¶ | Square | 1/16/2026 | 37815 | 35316 | 35721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10336690, 6.353%, 7/15/2027 †§x¶ | Square | 1/20/2026 | 50304 | 45927 | 45199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10346453, 4.718%, 7/19/2027 †§x¶ | Square | 1/22/2026 | 30816 | 28779 | 29052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10354722, 4.717%, 7/21/2027 †§x¶ | Square | 1/23/2026 | 30495 | 28480 | 28867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10361611, 4.718%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 34786 | 32486 | 32138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10363643, 6.667%, 7/22/2027 †§x¶ | Square | 1/26/2026 | 45995 | 41814 | 41956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10366292, 5.724%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 26782 | 24664 | 24869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10368080, 4.718%, 7/23/2027 †§x¶ | Square | 1/27/2026 | 49828 | 46535 | 46739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10370296, 5.723%, 7/24/2027 †§x¶ | Square | 1/28/2026 | 22486 | 20708 | 21206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10372358, 6.667%, 7/26/2027 †§x¶ | Square | 1/28/2026 | 26500 | 24091 | 24631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10379735, 5.156%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 28570 | 26519 | 26965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10380938, 6.352%, 7/27/2027 †§x¶ | Square | 1/29/2026 | 33344 | 30443 | 28972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10389508, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 44895 | 41928 | 42052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10390802, 4.718%, 7/29/2027 †§x¶ | Square | 2/02/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10391500, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 99225 | 92668 | 92978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10392216, 5.724%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 46169 | 42519 | 42666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10392552, 5.975%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 33545 | 30786 | 30841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10392802, 4.717%, 7/29/2027 †§x¶ | Square | 2/02/2026 | 84002 | 78451 | 78679 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**307** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 10394101, 6.353%, 7/29/2027 †§x¶ | Square | 2/02/2026 | $23889 | $21810 | $21807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10394660, 5.724%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 38025 | 35018 | 34971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10395134, 6.667%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 22380 | 20345 | 20363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10395900, 6.353%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 57873 | 52838 | 52841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10396726, 4.718%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 35511 | 33164 | 33262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10397482, 4.717%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 29763 | 27796 | 27877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10398231, 4.717%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 23097 | 21571 | 21642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10398963, 5.157%, 7/30/2027 †§x¶ | Square | 2/03/2026 | 75052 | 69663 | 69838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10400573, 6.667%, 7/31/2027 †§x¶ | Square | 2/04/2026 | 25130 | 22845 | 22834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10404566, 5.723%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 106736 | 98298 | 98507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10406007, 4.717%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 64669 | 60396 | 60573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10406741, 5.724%, 8/02/2027 †§x¶ | Square | 2/04/2026 | 22123 | 20374 | 20399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10409027, 4.717%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 25431 | 23750 | 23815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10409432, 6.666%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 31647 | 28770 | 28795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10409816, 5.157%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 34701 | 32209 | 32280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10410410, 5.472%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 48450 | 44775 | 44877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10411164, 5.157%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 63077 | 58547 | 58704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10411726, 4.718%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 58898 | 55005 | 55151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10412335, 5.158%, 8/03/2027 †§x¶ | Square | 2/05/2026 | 34088 | 31640 | 31687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10412973, 4.718%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 33181 | 30988 | 31059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10413262, 4.717%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 73039 | 68213 | 68374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10414791, 4.718%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 23583 | 22024 | 22077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10415380, 4.718%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 35133 | 32811 | 32894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10415750, 5.157%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 89149 | 82748 | 82894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10416539, 6.667%, 8/04/2027 †§x¶ | Square | 2/06/2026 | 42716 | 38833 | 38792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10421447, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 32232 | 30103 | 30171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10422911, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 36796 | 34365 | 34438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10423572, 6.510%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 67820 | 61786 | 61566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10424177, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 24323 | 22576 | 22620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10424489, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 43797 | 40652 | 40738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10424796, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 70577 | 65509 | 65610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10425291, 4.717%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 25516 | 23829 | 23874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10425564, 5.157%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 51523 | 47824 | 47901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10426394, 6.666%, 8/05/2027 †§x¶ | Square | 2/09/2026 | 27388 | 24898 | 24872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10426483, 5.156%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 21819 | 20252 | 20306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10428290, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 69308 | 64728 | 64856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10428883, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 24981 | 23330 | 23378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10429188, 5.472%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 79459 | 73432 | 73541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10429950, 4.717%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 103919 | 97052 | 97248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10431683, 5.157%, 8/06/2027 †§x¶ | Square | 2/10/2026 | 27984 | 25975 | 26021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10432206, 4.717%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 41674 | 38920 | 39015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10432629, 5.725%, 8/07/2027 †§x¶ | Square | 2/11/2026 | 21865 | 20135 | 20175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10433251, 4.718%, 8/08/2027 †§x¶ | Square | 2/11/2026 | 34148 | 31912 | 31955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10437095, 4.718%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 22743 | 21240 | 21280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10437881, 4.717%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 40140 | 37488 | 37560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10438583, 4.717%, 8/09/2027 †§x¶ | Square | 2/11/2026 | 21404 | 19990 | 20032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10439951, 6.667%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 43946 | 39950 | 39816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10441484, 5.472%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 34701 | 32068 | 32106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10442004, 6.667%, 8/10/2027 †§x¶ | Square | 2/12/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10443256, 6.666%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 51579 | 46890 | 46874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10443708, 5.723%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 47014 | 43297 | 43331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10444016, 5.472%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 80862 | 74729 | 74813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10444950, 4.717%, 8/10/2027 †§x¶ | Square | 2/12/2026 | 101437 | 94734 | 94900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10446062, 6.667%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 24046 | 21860 | 21879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10447877, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 21965 | 20514 | 20547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10448446, 5.472%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 49904 | 46118 | 46184 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**308** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 10448937, 5.157%, 8/11/2027 †§x¶ | Square | 2/13/2026 | $32499 | $30165 | $30203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10449312, 6.352%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 24816 | 22657 | 22700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10449549, 4.717%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 59986 | 56022 | 56123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10450579, 5.158%, 8/11/2027 †§x¶ | Square | 2/13/2026 | 38755 | 35972 | 36010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10457994, 4.717%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 26798 | 25027 | 25063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10458362, 6.352%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 62467 | 57033 | 57075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10460645, 4.717%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 36621 | 34201 | 34243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10461612, 6.352%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 25445 | 23231 | 23255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10461895, 4.717%, 8/12/2027 †x¶ | Square | 2/17/2026 | 32461 | 30316 | 30365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10462137, 4.718%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 45194 | 42207 | 42263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10463561, 4.718%, 8/12/2027 †§x¶ | Square | 2/17/2026 | 26358 | 24616 | 24645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10464795, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 32979 | 30800 | 30838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10465961, 4.717%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 86631 | 80906 | 80998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10466955, 5.158%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 52518 | 48746 | 48795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10467987, 5.157%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 22875 | 21233 | 21254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10468200, 5.157%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 88244 | 81907 | 81991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10469596, 5.157%, 8/13/2027 †§x¶ | Square | 2/18/2026 | 22607 | 20984 | 21013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10469834, 6.667%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 22929 | 20845 | 20835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10470178, 4.717%, 8/14/2027 †§x¶ | Square | 2/19/2026 | 38670 | 36115 | 36156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10471426, 4.717%, 8/15/2027 †§x¶ | Square | 2/19/2026 | 24281 | 22677 | 22698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10471894, 4.717%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 44545 | 41690 | 41652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10472133, 4.718%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 25716 | 24017 | 24029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10472268, 5.723%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 32047 | 29513 | 29530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10472920, 4.717%, 8/16/2027 †§x¶ | Square | 2/19/2026 | 25364 | 23688 | 23705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10475626, 5.472%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 33488 | 30948 | 30970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10477216, 4.719%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 21779 | 20339 | 20360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10477775, 4.717%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 66319 | 61937 | 62002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10479061, 4.718%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 46926 | 43824 | 43870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10479530, 4.717%, 8/17/2027 †§x¶ | Square | 2/19/2026 | 27484 | 25668 | 25698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10481808, 5.158%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 30441 | 28255 | 28283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10483161, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 43894 | 40994 | 41034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10483757, 5.472%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 55069 | 50892 | 50926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10484364, 6.668%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 31343 | 28493 | 28527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10484802, 4.717%, 8/18/2027 †§x¶ | Square | 2/20/2026 | 33847 | 31610 | 31645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10488545, 4.718%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 58767 | 54883 | 54923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10489624, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 22328 | 20853 | 20868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10490068, 4.718%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 41618 | 38867 | 38890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10490380, 5.471%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 35261 | 32587 | 32605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10491248, 6.510%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 22472 | 20473 | 20479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10491524, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 21466 | 20047 | 20062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10491743, 5.157%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 22368 | 20762 | 20776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10492120, 6.352%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 40979 | 37414 | 37434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10493213, 4.717%, 8/19/2027 †§x¶ | Square | 2/23/2026 | 72308 | 67530 | 67574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10493782, 4.719%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 21603 | 20175 | 20182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10495782, 5.156%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 27794 | 25799 | 25814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10496231, 5.472%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 62417 | 57683 | 57719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10497124, 5.157%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 30375 | 28194 | 28213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10497450, 4.717%, 8/20/2027 †x¶ | Square | 2/24/2026 | 29295 | 27359 | 27377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10498079, 4.717%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 35981 | 33604 | 33620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10498649, 5.723%, 8/20/2027 †§x¶ | Square | 2/24/2026 | 38740 | 35677 | 35695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10499857, 5.473%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 30159 | 27871 | 27858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10500411, 4.718%, 8/21/2027 †§x¶ | Square | 2/25/2026 | 25881 | 24171 | 24180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10501536, 5.472%, 8/22/2027 †x¶ | Square | 2/25/2026 | 22940 | 21200 | 21212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10503373, 5.157%, 8/23/2027 †§x¶ | Square | 2/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20381 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10503523, 4.717%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 42644 | 39826 | 39845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10505964, 4.717%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 56320 | 52598 | 52623 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**309** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 10506471, 4.718%, 8/23/2027 †§x¶ | Square | 2/25/2026 | $53402 | $49873 | $49895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10506836, 5.723%, 8/23/2027 †§x¶ | Square | 2/25/2026 | 32032 | 29500 | 29504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10507313, 5.472%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 23471 | 21691 | 21699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10507519, 5.157%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 61325 | 56922 | 56941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10509460, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 25770 | 24067 | 24075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10509749, 5.158%, 8/24/2027 †x¶ | Square | 2/26/2026 | 64295 | 59678 | 59702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10510547, 5.503%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 31455 | 29056 | 28847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10510880, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 75853 | 70840 | 70864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10511536, 4.717%, 8/24/2027 †§x¶ | Square | 2/26/2026 | 69043 | 64481 | 64504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10512095, 5.158%, 8/24/2027 †x¶ | Square | 2/26/2026 | 46508 | 43168 | 43186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10512864, 5.723%, 8/25/2027 †x¶ | Square | 2/27/2026 | 33026 | 30415 | 30415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10513141, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 79126 | 73897 | 73897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10514601, 5.722%, 8/25/2027 †x¶ | Square | 2/27/2026 | 25390 | 23383 | 23383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10515388, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 101892 | 95159 | 95159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10516192, 5.158%, 8/25/2027 †x¶ | Square | 2/27/2026 | 22155 | 20564 | 20564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10516601, 6.352%, 8/25/2027 †x¶ | Square | 2/27/2026 | 44982 | 41069 | 41069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10517114, 4.717%, 8/25/2027 †x¶ | Square | 2/27/2026 | 23040 | 21518 | 21518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10517452, 4.718%, 8/25/2027 †x¶ | Square | 2/27/2026 | 32578 | 30425 | 30425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1116128241, 26.531%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 43400 | 45570 | 45570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1138074738, 12.799%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 107629 | 113011 | 113011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 124699726, 14.000%, 3/09/2027 †x¥ | Stripe | 9/11/2025 | 112906 | 117423 | 118776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1278606387, 16.267%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 235999 | 247799 | 248034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12a29f98-0a52-48a7-a233-21283d4711b8,<br>14.090%, 6/25/2018 †x#^ | Funding Circle | 12/16/2016 | 112621 | 112621 | 33786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 130539199, 12.800%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 100000 | 105000 | 105000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1310734674, 14.667%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 47714 | 50100 | 50224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1333237852, 17.867%, 12/02/2026 †x¥ | Stripe | 6/06/2025 | 28211 | 29339 | 29796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1367341052, 17.333%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 19852 | 20845 | 20879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1378260833, 24.932%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 65075 | 68328 | 68437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13a87c95-6293-4f33-a888-a69900f946d2,<br>12.690%, 1/29/2019 †x#^ | Funding Circle | 12/16/2016 | 86931 | 87236 | 26079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1413884438, 14.667%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 27159 | 28517 | 28547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1434868315, 26.532%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 43631 | 45812 | 46129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1522572949, 20.398%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 22821 | 23962 | 24048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15443ac2-cef1-40a4-88fd-a02f1bda6f1e,<br>8.250%, 7/15/2019 †x#^ | Funding Circle | 1/16/2018 | 241269 | 241269 | 72381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1545575215, 25.600%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 32485 | 34109 | 34109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1598331730, 26.532%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 62321 | 65437 | 65535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 162584928, 19.332%, 11/05/2026 †x¥ | Stripe | 5/12/2025 | 21109 | 21954 | 22294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1665773518, 19.600%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 28106 | 29511 | 29536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1703275555, 22.266%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 113739 | 119426 | 119417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1703561313, 19.333%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 35076 | 36830 | 36944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1806569168, 22.266%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 121207 | 127267 | 127707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1827031433, 12.799%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 39580 | 41559 | 41665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1829268972, 18.133%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 98000 | 102900 | 102900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1841950098, 13.999%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 82947 | 87094 | 87147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1853857120, 14.000%, 12/23/2026 †x¥ | Stripe | 6/27/2025 | 29102 | 30266 | 30660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1879557921, 14.667%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 61934 | 65031 | 65283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1885321902, 25.598%, 2/04/2027 †x¥ | Stripe | 8/11/2025 | 29396 | 30572 | 31055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2066637273, 18.000%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 25708 | 26994 | 27051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2090924149, 26.533%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 22353 | 23471 | 23482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2230557867, 18.266%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 25189 | 26448 | 26545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2267282609, 25.999%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 48365 | 50783 | 51202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2269941413, 14.000%, 3/04/2027 †x¥ | Stripe | 9/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2275971836, 14.133%, 10/30/2026 †x¥ | Stripe | 5/06/2025 | 36111 | 37556 | 37739 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**310** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 22d7f7b1-3e98-4c31-8867-c712e4a6a12a,<br>18.900%, 9/07/2023 †x#^ | Funding Circle | 9/10/2018 | $150646 | $150646 | $45194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2379646060, 14.000%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 57705 | 60591 | 60591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2460231163, 25.999%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 66500 | 69825 | 69825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25273902, 26.533%, 7/15/2027 †x¥ | Stripe | 1/20/2026 | 33516 | 35192 | 35206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2553008913, 19.599%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 85085 | 89339 | 89340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2561267314, 17.333%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 26100 | 27405 | 27405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2573890415, 16.000%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 62192 | 65301 | 65338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2703866488, 25.600%, 7/08/2027 †x¥ | Stripe | 1/12/2026 | 21731 | 22817 | 22981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2721880756, 17.333%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 24206 | 25417 | 25435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2756790051, 16.000%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 102804 | 107944 | 108172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2782496211, 20.400%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 55699 | 58484 | 58551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2786648525, 18.133%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2873556971, 19.598%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 41590 | 43670 | 43822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2925355796, 14.667%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 28500 | 29925 | 29925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2959437145, 25.998%, 7/09/2027 †x¥ | Stripe | 1/13/2026 | 34409 | 36129 | 36284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2996646204, 18.800%, 10/27/2026 †x¥ | Stripe | 5/01/2025 | 26868 | 27943 | 28528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2b5567a3-1066-408f-a0a1-b81fbfcb075f,<br>26.990%, 12/12/2023 †x#^ | Funding Circle | 6/14/2018 | 67571 | 67571 | 20271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3103923414, 16.267%, 8/05/2027 †x¥ | Stripe | 2/09/2026 | 231475 | 243049 | 243325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3145683588, 12.795%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 19242 | 20204 | 20234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3257532078, 21.999%, 6/23/2026 †x¥ | Stripe | 12/27/2024 | 19711 | 20499 | 20982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3286659353, 17.333%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 62553 | 65680 | 65787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3325161640, 14.667%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 27148 | 28505 | 28504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3400986241, 17.333%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 21800 | 22890 | 22890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3401754175, 25.999%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 57425 | 60297 | 60448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3453473568, 18.131%, 1/14/2027 †x¥ | Stripe | 7/21/2025 | 20788 | 21619 | 21847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3471471791, 22.265%, 7/31/2027 †x¥ | Stripe | 2/04/2026 | 61103 | 64158 | 64366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3476471732, 26.530%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 34870 | 36614 | 36726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3549751357, 25.867%, 9/29/2026 †x¥ | Stripe | 4/03/2025 | 20625 | 21450 | 22141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3570331185, 17.999%, 2/27/2027 †x¥ | Stripe | 9/04/2025 | 30532 | 31753 | 32314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3683647158, 14.000%, 11/26/2026 †x¥ | Stripe | 6/02/2025 | 35021 | 36422 | 36828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 369523456, 20.400%, 3/18/2027 †x¥ | Stripe | 9/22/2025 | 19795 | 20587 | 20848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3698067572, 20.400%, 12/16/2026 †x¥ | Stripe | 6/23/2025 | 20000 | 20800 | 21036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3704613616, 26.532%, 2/20/2027 †x¥ | Stripe | 8/27/2025 | 34914 | 36310 | 36761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3821352464, 26.000%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 29914 | 31409 | 31405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3825206858, 14.667%, 8/25/2027 †x¥ | Stripe | 2/27/2026 | 32800 | 34440 | 34440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4145443815, 18.133%, 8/05/2027 †x¥ | Stripe | 2/09/2026 | 95000 | 99750 | 99754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4200681781, 24.933%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 83618 | 87799 | 87875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4206278082, 26.533%, 7/24/2027 †x¥ | Stripe | 1/28/2026 | 45166 | 47424 | 47555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4234408356, 20.399%, 2/23/2027 †x¥ | Stripe | 8/28/2025 | 19557 | 20340 | 20724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4310079270, 18.667%, 8/21/2026 †x¥ | Stripe | 2/25/2025 | 47811 | 49724 | 50489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4514950772, 12.798%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 32294 | 33909 | 33907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4517080936, 13.067%, 9/26/2026 †x¥ | Stripe | 4/02/2025 | 32557 | 33859 | 34253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 455201159, 24.929%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 24699 | 25934 | 25935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4700954614, 20.400%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 46174 | 48483 | 48521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4745542776, 19.600%, 7/13/2027 †x¥ | Stripe | 1/15/2026 | 64323 | 67539 | 67570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4755933402, 19.599%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 43267 | 45430 | 45436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4772012590, 17.999%, 3/17/2027 †x¥ | Stripe | 9/19/2025 | 45077 | 46880 | 47433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 47f5eef0-75d7-45e5-9a64-dbdb6f833254,<br>10.490%, 10/11/2019 †x#^ | Funding Circle | 1/08/2018 | 104287 | 104287 | 31286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4882659563, 16.000%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 20476 | 21500 | 21507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4913293231, 16.000%, 8/12/2027 †x¥ | Stripe | 2/17/2026 | 160304 | 168319 | 168432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4932175675, 25.600%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 29870 | 31364 | 31364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4abce04e-954e-433d-8cbc-d2916e0580a4, 14.670%, 8/15/2022 †x#^ | Funding Circle | 8/17/2018 | 106732 | 106732 | 32020 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**311** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 5157245974, 18.133%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | $104161 | $109369 | $109935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5226395116, 18.000%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 248191 | 260601 | 260601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5244298165, 25.600%, 3/23/2027 †x¥ | Stripe | 9/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5290492091, 12.798%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 28307 | 29722 | 29721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5299232793, 12.800%, 12/04/2026 †x¥ | Stripe | 6/10/2025 | 111294 | 115745 | 116774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5348300110, 19.600%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 72774 | 76413 | 76431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 54093346-43f6-47b3-89f2-d2c53c7bb66b,<br>26.990%, 9/30/2019 †x#^ | Funding Circle | 6/25/2018 | 86730 | 86730 | 26019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5488967478, 24.932%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 44957 | 47205 | 47209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5592441398, 12.800%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 21775 | 22864 | 22864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5640505565, 17.600%, 8/22/2026 †x¥ | Stripe | 2/26/2025 | 60852 | 63286 | 64196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5668109874, 14.000%, 3/10/2027 †x¥ | Stripe | 7/16/2025 | 32249 | 33539 | 33932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5708097804, 16.000%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 30184 | 31693 | 31710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5747172873, 22.267%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 26651 | 27984 | 28174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 583995384, 17.600%, 7/17/2026 †x¥ | Stripe | 1/22/2025 | 72601 | 75505 | 76281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5885121609, 14.000%, 2/18/2027 †x¥ | Stripe | 8/25/2025 | 99906 | 103903 | 105200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5906128140, 14.400%, 11/04/2026 †x¥ | Stripe | 5/09/2025 | 77143 | 80228 | 81443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5927220869, 20.400%, 2/24/2027 †x¥ | Stripe | 8/29/2025 | 20435 | 21252 | 21620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5951297665, 14.400%, 8/19/2026 †x¥ | Stripe | 2/21/2025 | 22063 | 22946 | 23321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5978955517, 25.600%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 79975 | 83973 | 84168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5994181884, 26.532%, 7/27/2027 †x¥ | Stripe | 1/29/2026 | 57307 | 60173 | 60323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5a73fd77-a192-43b2-a63e-1c62bbd82e8d,<br>18.900%, 10/10/2023 †x#^ | Funding Circle | 4/12/2018 | 84429 | 84429 | 25329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 605800041, 16.000%, 7/06/2027 †x¥ | Stripe | 1/08/2026 | 45823 | 48114 | 48250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6115978351, 18.667%, 7/04/2026 †x¥ | Stripe | 1/08/2025 | 39217 | 40785 | 41494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6136168373, 15.200%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 67671 | 71055 | 71403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6151578835, 12.800%, 3/20/2027 †x¥ | Stripe | 9/24/2025 | 101503 | 105563 | 106206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6343543447, 17.333%, 8/21/2027 †x¥ | Stripe | 2/25/2026 | 58129 | 61036 | 61036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 64588e14-c7c5-4242-8c7d-a14db6b69c81,<br>15.420%, 11/15/2022 †x#^ | Funding Circle | 11/17/2017 | 80455 | 80455 | 24137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6532161856, 25.599%, 1/28/2027 †x¥ | Stripe | 8/04/2025 | 29379 | 30554 | 31173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6541162817, 22.400%, 9/08/2026 †x¥# | Stripe | 3/13/2025 | 176907 | 183984 | 32872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6599440318, 16.267%, 8/13/2027 †x¥ | Stripe | 2/18/2026 | 41362 | 43430 | 43462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6613805789, 25.598%, 7/03/2027 †x¥ | Stripe | 1/07/2026 | 28349 | 29766 | 29863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6747419528, 16.000%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 22536 | 23663 | 23695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6883805461, 12.800%, 8/10/2027 †x¥ | Stripe | 2/12/2026 | 76810 | 80650 | 80691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6977539667, 25.999%, 7/17/2027 †x¥ | Stripe | 1/22/2026 | 59589 | 62569 | 62700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6f467b7c-7e83-4ce1-8e1d-94cf0d70bd72,<br>15.420%, 9/24/2018 †x#^ | Funding Circle | 12/26/2017 | 99566 | 99566 | 29870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7057022828, 25.598%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 30648 | 32181 | 32180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 70c06338-aa14-46d4-8098-f840fe94e244,<br>18.900%, 2/20/2019 †x#^ | Funding Circle | 8/20/2018 | 104514 | 104514 | 31354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7187891298, 13.999%, 1/16/2027 †x¥ | Stripe | 7/23/2025 | 34191 | 35558 | 36028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7242905789, 12.800%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 20677 | 21711 | 21728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7288186989, 18.265%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 19157 | 20115 | 20150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7340650323, 20.399%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 26830 | 28171 | 28227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 736839647, 14.400%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 22245 | 23135 | 23595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7391881833, 25.600%, 2/20/2027 †x¥ | Stripe | 8/27/2025 | 22118 | 23003 | 23282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7399707414, 22.267%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 44449 | 46671 | 46678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7419390698, 14.667%, 8/14/2027 †x¥ | Stripe | 2/19/2026 | 19421 | 20392 | 20401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7429020540, 13.999%, 1/21/2027 †x¥ | Stripe | 7/28/2025 | 27183 | 28270 | 28491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 750186228, 18.933%, 8/14/2026 †x¥ | Stripe | 2/19/2025 | 23900 | 24795 | 25263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7528318, 4.654%, 8/23/2025 †x¶#^ | Square | 2/27/2024 | 76203 | 71230 | 21581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 754806944, 20.398%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 22359 | 23476 | 23540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7638331008, 20.000%, 8/04/2026 †x¥ | Stripe | 2/06/2025 | 79937 | 83135 | 84763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7666418467, 22.264%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 28603 | 30033 | 30031 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**312** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 7672609, 5.566%, 10/08/2025 †x¶#^ | Square | 4/10/2024 | $99133 | $91499 | $33883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7757627930, 20.398%, 2/24/2027 †x¥ | Stripe | 8/29/2025 | 26171 | 27218 | 27620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 781062351, 16.000%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 23247 | 24409 | 24421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 78815737, 20.000%, 6/30/2026 †x¥ | Stripe | 1/03/2025 | 34296 | 35667 | 36437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7938234707, 12.800%, 7/09/2027 †x¥ | Stripe | 1/13/2026 | 94414 | 99135 | 99418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7953666392, 20.399%, 12/11/2026 †x¥ | Stripe | 6/17/2025 | 45842 | 47675 | 48294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 797295503, 23.199%, 10/22/2026 †x¥ | Stripe | 4/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7b3f605a-09f4-40ef-aec7-5beb2071bd43,<br>16.090%, 4/09/2018 †x#^ | Funding Circle | 12/16/2016 | 246761 | 246761 | 74028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7d0e70e8-7e5d-4cc5-9fcc-12bd8fac5229,<br>15.090%, 10/30/2018 †x#^ | Funding Circle | 8/31/2017 | 234894 | 234894 | 70468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8113802786, 20.400%, 1/27/2027 †x¥ | Stripe | 8/01/2025 | 47835 | 49748 | 50389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8173777398, 18.800%, 10/03/2026 †x¥ | Stripe | 4/09/2025 | 51217 | 53265 | 28640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8318530, 4.780%, 4/25/2026 †x¶ | Square | 10/29/2024 | 27765 | 25907 | 24688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 832238974, 26.531%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 40816 | 42857 | 42862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 836031962, 14.667%, 8/13/2027 †x¥ | Stripe | 2/18/2026 | 96502 | 101327 | 101359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 83ae0869-6c1d-4768-bb1f-d60e9ed79b41,<br>8.990%, 5/31/2018 †x#^ | Funding Circle | 7/03/2017 | 82035 | 82035 | 24610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8419690685, 17.333%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 65498 | 68773 | 68769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8429286151, 12.800%, 2/06/2027 †x¥ | Stripe | 8/13/2025 | 22750 | 23660 | 23887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8431497859, 20.396%, 7/07/2027 †x¥ | Stripe | 1/09/2026 | 25555 | 26833 | 26909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 845f55d2-787f-400d-b7f5-4e105e541b00,<br>19.290%, 7/18/2018 †x#^ | Funding Circle | 2/21/2017 | 154774 | 154774 | 46432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8523609116, 26.529%, 8/18/2027 †x¥ | Stripe | 2/20/2026 | 19088 | 20043 | 20042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8543583, 4.717%, 6/30/2026 †x¶ | Square | 1/02/2025 | 30544 | 28527 | 25888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8546074894, 14.800%, 8/13/2026 †x¥ | Stripe | 2/18/2025 | 31615 | 32880 | 33108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8557879, 6.100%, 7/03/2026 †x¶ | Square | 1/07/2025 | 35405 | 32438 | 20264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8605641, 4.717%, 7/09/2026 †x¶ | Square | 1/13/2025 | 35603 | 33250 | 27692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8668083144, 19.333%, 9/02/2026 †x¥ | Stripe | 3/07/2025 | 27824 | 28937 | 29611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8678228213, 19.333%, 8/19/2027 †x¥ | Stripe | 2/23/2026 | 19669 | 20652 | 20656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8718994640, 17.333%, 7/28/2027 †x¥ | Stripe | 1/30/2026 | 20501 | 21526 | 21557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8814369, 5.346%, 9/07/2026 †§x¶ | Square | 3/11/2025 | 35885 | 33221 | 34517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8820254764, 17.333%, 8/03/2027 †x¥ | Stripe | 2/05/2026 | 25358 | 26625 | 26669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8841247, 6.447%, 9/14/2026 †x¶ | Square | 3/18/2025 | 75955 | 69259 | 66182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8849150, 4.717%, 9/17/2026 †x¶ | Square | 3/19/2025 | 62534 | 58402 | 51991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8849755, 5.031%, 9/17/2026 †x¶ | Square | 3/19/2025 | 74380 | 69160 | 52452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8856778, 5.346%, 9/18/2026 †x¶# | Square | 3/20/2025 | 55602 | 51474 | 26931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8869300, 5.031%, 9/20/2026 †§x¶ | Square | 3/25/2025 | 59622 | 55438 | 53199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8869493, 4.717%, 9/20/2026 †§x¶ | Square | 3/25/2025 | 31443 | 29366 | 30634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8879883, 5.629%, 9/24/2026 †x¶ | Square | 3/26/2025 | 68491 | 63158 | 33684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8884384, 5.031%, 9/25/2026 †§x¶ | Square | 3/27/2025 | 45407 | 42220 | 43545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8885540, 5.031%, 9/25/2026 †x¶ | Square | 3/27/2025 | 81452 | 75736 | 71432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8888158, 5.031%, 9/26/2026 †x¶# | Square | 3/28/2025 | 22692 | 21100 | 20907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8895096, 5.598%, 9/27/2026 †x¶# | Square | 3/31/2025 | 135218 | 124744 | 32425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 891877841, 16.267%, 3/19/2027 †x¥ | Stripe | 9/23/2025 | 88032 | 91553 | 92425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8924596272, 22.399%, 9/03/2026 †x¥ | Stripe | 3/10/2025 | 23911 | 24868 | 25313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8929388456, 26.532%, 12/24/2026 †x¥ | Stripe | 6/30/2025 | 20660 | 21486 | 21858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8b6b1c56-6b48-444f-9f52-02e0540fd46c,<br>10.790%, 8/20/2024 †x#^ | Funding Circle | 2/22/2019 | 143204 | 143204 | 42961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9051923, 5.031%, 11/06/2026 †§x¶ | Square | 5/08/2025 | 20677 | 19228 | 20024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9061057422, 18.133%, 3/24/2027 †x¥ | Stripe | 9/26/2025 | 50998 | 53038 | 53465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9081675, 4.717%, 11/14/2026 †§x¶ | Square | 5/16/2025 | 38154 | 35632 | 36573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9111841, 6.101%, 11/21/2026 †§x¶ | Square | 5/23/2025 | 31685 | 29028 | 25817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9120085182, 26.532%, 8/20/2026 †x¥ | Stripe | 2/24/2025 | 25679 | 26706 | 27248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9121337, 6.101%, 11/22/2026 †§x¶ | Square | 5/27/2025 | 38974 | 35707 | 28494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9126042, 4.718%, 11/23/2026 †§x¶ | Square | 5/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20722 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**313** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 9137483, 6.101%, 11/28/2026 †x¶ | Square | 5/30/2025 | $41532 | $38050 | $23143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9138020678, 16.000%, 2/11/2027 †x¥ | Stripe | 8/18/2025 | 81310 | 84563 | 85263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9147246, 5.031%, 11/29/2026 †§x¶ | Square | 6/02/2025 | 38249 | 35564 | 37474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9148462092, 16.000%, 8/11/2027 †x¥ | Stripe | 2/13/2026 | 21704 | 22789 | 22799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9151814, 5.346%, 11/30/2026 †x¶ | Square | 6/03/2025 | 83104 | 76935 | 58287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9176490, 6.446%, 12/05/2026 †§x¶ | Square | 6/09/2025 | 47060 | 42910 | 40587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9178151, 4.717%, 12/05/2026 †§x¶ | Square | 6/09/2025 | 57147 | 53371 | 55497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9180436, 5.031%, 12/06/2026 †§x¶ | Square | 6/10/2025 | 46759 | 43478 | 45615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9193724, 6.100%, 12/10/2026 †x¶# | Square | 6/12/2025 | 116261 | 106514 | 36358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9194048, 4.717%, 12/10/2026 †§x¶ | Square | 6/12/2025 | 120000 | 112092 | 98026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9197455, 5.031%, 12/11/2026 †§x¶ | Square | 6/13/2025 | 39879 | 37081 | 39053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9204561, 5.346%, 12/12/2026 †§x¶ | Square | 6/16/2025 | 75858 | 70227 | 68814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9207361, 4.717%, 12/12/2026 †§x¶ | Square | 6/16/2025 | 27267 | 25465 | 26724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9211837, 5.912%, 12/13/2026 †§x¶ | Square | 6/17/2025 | 26444 | 24290 | 25839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9226430, 4.717%, 12/17/2026 †§x¶ | Square | 6/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9235132, 5.031%, 12/18/2026 †§x¶ | Square | 6/23/2025 | 75971 | 70640 | 67382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9236015, 5.031%, 12/19/2026 †x¶ | Square | 6/24/2025 | 25723 | 23918 | 25318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9247930, 6.447%, 12/23/2026 †x¶ | Square | 6/25/2025 | 55486 | 50593 | 46017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9248895, 4.717%, 12/23/2026 †§x¶ | Square | 6/25/2025 | 59271 | 55355 | 56885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9253360, 4.717%, 12/24/2026 †§x¶ | Square | 6/26/2025 | 51374 | 47979 | 49680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9257947, 5.031%, 12/25/2026 †§x¶ | Square | 6/27/2025 | 21075 | 19596 | 20738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9282464, 5.031%, 1/01/2027 †§x¶ | Square | 7/03/2025 | 25113 | 23350 | 24062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9285948683, 16.262%, 7/23/2027 †x¥ | Stripe | 1/27/2026 | 23743 | 24930 | 24980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9297541, 5.346%, 1/03/2027 †§x¶ | Square | 7/08/2025 | 47893 | 44337 | 41555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 92bf6deb-3202-4dfe-a440-ba347f32ccd4,<br>10.190%, 7/18/2018 †x#^ | Funding Circle | 12/16/2016 | 84927 | 84927 | 25478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9312250, 4.717%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 29053 | 27133 | 27965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9314145, 5.346%, 1/08/2027 †§x¶ | Square | 7/10/2025 | 22935 | 21232 | 21896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9317781, 4.717%, 1/09/2027 †§x¶ | Square | 7/11/2025 | 40054 | 37407 | 38563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9329430, 5.346%, 1/11/2027 †§x¶ | Square | 7/15/2025 | 20935 | 19381 | 20408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9341081250, 20.400%, 2/13/2027 †x¥ | Stripe | 8/20/2025 | 33808 | 35161 | 35618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9350206, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 21277 | 19871 | 20838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9351392, 4.717%, 1/17/2027 †§x¶ | Square | 7/21/2025 | 45576 | 42564 | 43815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9360762, 5.031%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 41392 | 38488 | 39962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9363215, 4.717%, 1/21/2027 †§x¶ | Square | 7/23/2025 | 29222 | 27291 | 28412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9364080, 4.717%, 1/22/2027 †§x¶ | Square | 7/24/2025 | 33215 | 31020 | 29312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9366869, 4.717%, 1/22/2027 †§x¶ | Square | 7/24/2025 | 40325 | 37660 | 38999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9369986, 5.157%, 1/23/2027 †§x¶ | Square | 7/25/2025 | 27588 | 25607 | 26742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9378617, 4.717%, 1/24/2027 †§x¶ | Square | 7/28/2025 | 29405 | 27511 | 28242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9386265, 5.975%, 1/25/2027 †§x¶ | Square | 7/29/2025 | 37259 | 34194 | 33154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9406232902, 16.267%, 8/06/2027 †x¥ | Stripe | 2/10/2026 | 53304 | 55969 | 56004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9428844843, 18.263%, 8/24/2027 †x¥ | Stripe | 2/26/2026 | 32978 | 34627 | 34627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9430252012, 18.131%, 1/29/2027 †x¥ | Stripe | 8/05/2025 | 25544 | 26566 | 26896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9449906126, 18.933%, 11/02/2026 †x¥ | Stripe | 3/10/2025 | 76328 | 79381 | 80781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9472e397-34b3-40ce-bb6b-3a41823ad040,<br>12.690%, 9/10/2019 †x#^ | Funding Circle | 3/13/2017 | 188967 | 188967 | 56690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 947d4683-4f1d-4308-b052-67d20dca2755,<br>7.950%, 4/06/2022 †x#^ | Funding Circle | 4/09/2018 | 122387 | 122387 | 36716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9485962107, 16.000%, 7/14/2027 †x¥ | Stripe | 1/16/2026 | 35568 | 37347 | 37447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9519de58-ff87-4e5f-87d3-d7819ca1c41f,<br>10.490%, 5/16/2023 †x#^ | Funding Circle | 5/18/2018 | 426998 | 426998 | 128099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9541688804, 25.998%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 25903 | 27198 | 27285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9586196, 4.717%, 1/28/2027 †§x¶ | Square | 7/30/2025 | 34218 | 31957 | 33151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9610971, 4.717%, 1/29/2027 †§x¶ | Square | 7/31/2025 | 25403 | 23725 | 24270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9614949, 4.717%, 1/30/2027 †§x¶ | Square | 8/01/2025 | 59068 | 55165 | 57075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9616497, 5.157%, 1/30/2027 †§x¶ | Square | 8/01/2025 | 51885 | 48176 | 49652 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**314** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 9622528, 4.717%, 1/31/2027 †§x¶ | Square | 8/04/2025 | $36808 | $34376 | $35989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9624941, 4.717%, 1/31/2027 †§x¶ | Square | 8/04/2025 | 46018 | 43030 | 44705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9628365795, 26.000%, 7/16/2027 †x¥ | Stripe | 1/21/2026 | 18999 | 19949 | 20010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9628850, 5.346%, 2/01/2027 †§x¶ | Square | 8/05/2025 | 45694 | 42302 | 44415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 962897268, 26.533%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 20960 | 22008 | 22130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9633646, 4.717%, 2/04/2027 †x¶ | Square | 8/06/2025 | 112472 | 105040 | 95227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9641075, 4.717%, 2/05/2027 †§x¶ | Square | 8/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9644059, 4.717%, 2/06/2027 †§x¶ | Square | 8/08/2025 | 52742 | 49257 | 51053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9645506, 5.157%, 2/06/2027 †§x¶ | Square | 8/08/2025 | 64616 | 59976 | 61294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9650184, 4.717%, 2/07/2027 †§x¶ | Square | 8/11/2025 | 60409 | 56417 | 58470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9651532, 5.157%, 2/07/2027 †§x¶ | Square | 8/11/2025 | 58475 | 54276 | 56303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9654185, 5.157%, 2/08/2027 †§x¶ | Square | 8/12/2025 | 38007 | 35278 | 37021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9661958, 4.717%, 2/11/2027 †§x¶ | Square | 8/13/2025 | 40552 | 37873 | 39623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9666385, 4.717%, 2/12/2027 †§x¶ | Square | 8/14/2025 | 92049 | 85967 | 80512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9670137, 6.667%, 2/13/2027 †§x¶ | Square | 8/15/2025 | 163676 | 148796 | 123183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9671826, 4.717%, 2/13/2027 †§x¶ | Square | 8/15/2025 | 87454 | 81675 | 83671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9676609, 4.717%, 2/14/2027 †x¶ | Square | 8/18/2025 | 104507 | 97602 | 101870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9681765, 4.717%, 2/15/2027 †§x¶ | Square | 8/19/2025 | 86418 | 80714 | 75588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9682987, 5.472%, 2/15/2027 †§x¶ | Square | 8/19/2025 | 93023 | 85967 | 88714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9693613, 4.717%, 2/19/2027 †§x¶ | Square | 8/21/2025 | 100623 | 93973 | 95884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9695083, 4.717%, 2/19/2027 †§x¶ | Square | 8/21/2025 | 88901 | 83027 | 77188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9698223, 4.717%, 2/20/2027 †§x¶ | Square | 8/22/2025 | 87165 | 81405 | 83827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9704594, 4.717%, 2/21/2027 †x¶ | Square | 8/25/2025 | 120044 | 112112 | 101933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9709809, 4.717%, 2/22/2027 †§x¶ | Square | 8/26/2025 | 86645 | 80919 | 82991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9715842, 4.717%, 2/25/2027 †§x¶ | Square | 8/27/2025 | 78962 | 73744 | 75869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9717178229, 17.333%, 7/22/2027 †x¥ | Stripe | 1/26/2026 | 65868 | 69161 | 69297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9717962, 4.717%, 2/25/2027 †§x¶ | Square | 8/27/2025 | 71167 | 66465 | 67617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9721179, 4.717%, 2/26/2027 †x¶ | Square | 8/28/2025 | 100549 | 93905 | 98003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9722941463, 19.333%, 10/17/2026 †x¥ | Stripe | 4/23/2025 | 42476 | 44175 | 44997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9724334, 4.717%, 2/27/2027 †§x¶ | Square | 8/29/2025 | 101405 | 94704 | 96810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9742139, 5.472%, 2/28/2027 †§x¶ | Square | 9/04/2025 | 23430 | 21652 | 22104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 978655641, 22.267%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 34799 | 36539 | 36533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9787188, 5.723%, 3/11/2027 †§x¶ | Square | 9/15/2025 | 28125 | 25901 | 27074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9799644, 4.717%, 3/15/2027 †§x¶ | Square | 9/17/2025 | 29912 | 27936 | 26223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 97f333a2-fddd-4cf7-bfd4-9eb1af3bf331,<br>27.790%, 2/14/2018 †x#^ | Funding Circle | 12/16/2016 | 80916 | 80916 | 24275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9802832, 4.717%, 3/16/2027 †§x¶ | Square | 9/18/2025 | 33715 | 31487 | 32662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9807448, 4.717%, 3/17/2027 †§x¶ | Square | 9/19/2025 | 31508 | 29426 | 30235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9815801, 5.723%, 3/18/2027 †§x¶ | Square | 9/22/2025 | 62890 | 57917 | 57812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9820756, 5.157%, 3/19/2027 †§x¶ | Square | 9/23/2025 | 46390 | 43059 | 44549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9829996802, 17.998%, 7/21/2027 †x¥ | Stripe | 1/23/2026 | 30733 | 32270 | 32394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9837835, 5.472%, 3/24/2027 †§x¶ | Square | 9/26/2025 | 42013 | 38826 | 40668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9845579, 4.718%, 3/25/2027 †§x¶ | Square | 9/29/2025 | 39516 | 36905 | 37050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9849690, 5.157%, 3/26/2027 †§x¶ | Square | 9/30/2025 | 28133 | 26113 | 26237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9854814, 5.723%, 3/26/2027 †§x¶ | Square | 9/30/2025 | 47019 | 43302 | 44849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9856826088, 22.267%, 8/04/2027 †x¥ | Stripe | 2/06/2026 | 35583 | 37363 | 37438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9878066739, 15.998%, 8/20/2027 †x¥ | Stripe | 2/24/2026 | 46779 | 49118 | 49114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9947320474, 16.267%, 2/03/2027 †x¥ | Stripe | 8/08/2025 | 27068 | 28150 | 28494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9968883199, 26.528%, 8/07/2027 †x¥ | Stripe | 2/11/2026 | 21841 | 22934 | 22936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9982583952, 20.398%, 3/16/2027 †x¥ | Stripe | 9/18/2025 | 20099 | 20903 | 21244 |
| &nbsp;&nbsp;&nbsp;&nbsp; a4f04254-339e-4fbc-914b-e2d6bf1c099a,<br>10.490%, 11/27/2022 †x#^ | Funding Circle | 11/29/2017 | 84111 | 84111 | 25233 |
| &nbsp;&nbsp;&nbsp;&nbsp; ae4f9468-b648-4131-a808-a029588bd7df,<br>14.670%, 8/08/2019 †x#^ | Funding Circle | 12/11/2017 | 89498 | 89498 | 26849 |
| &nbsp;&nbsp;&nbsp;&nbsp; b769b984-4192-4e83-b830-3bee8c6c898d,<br>15.420%, 3/04/2019 †x#^ | Funding Circle | 2/05/2018 | 88050 | 88050 | 26415 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**315** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; bd3c52e3-b3c2-49d3-bef4-00f4df312e7b,<br>15.420%, 10/03/2019 †x#^ | Funding Circle | 8/06/2018 | $95887 | $95887 | $28766 |
| &nbsp;&nbsp;&nbsp;&nbsp; c58e5e05-ba9b-4877-9c37-9fa452226144,<br>18.900%, 2/07/2020 †x#^ | Funding Circle | 2/05/2018 | 78627 | 78627 | 23588 |
| &nbsp;&nbsp;&nbsp;&nbsp; cbe5a736-2695-4bd8-87a0-c266ca6be49a,<br>15.070%, 4/30/2023 †x#^ | Funding Circle | 11/01/2018 | 70216 | 70216 | 21065 |
| &nbsp;&nbsp;&nbsp;&nbsp; d6518c73-32f0-4f07-bbac-8d5821926000,<br>16.090%, 3/25/2019 †x#^ | Funding Circle | 12/16/2016 | 136518 | 136518 | 40955 |
| &nbsp;&nbsp;&nbsp;&nbsp; d754b42e-5da0-461a-bdf5-add05ec921b7,<br>10.490%, 11/09/2023 †x#^ | Funding Circle | 5/11/2018 | 71651 | 71651 | 21495 |
| &nbsp;&nbsp;&nbsp;&nbsp; dfc11db4-7ed9-43c9-b0c0-c78a2b93aaf7,<br>10.490%, 5/01/2023 †x#^ | Funding Circle | 5/03/2018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22528 |
| &nbsp;&nbsp;&nbsp;&nbsp; e8871178-930c-4dd0-8648-4867e6d8954d,<br>8.250%, 4/17/2023 †x#^ | Funding Circle | 4/19/2018 | 300524 | 300524 | 90157 |
| &nbsp;&nbsp;&nbsp;&nbsp; f11f2a01-47f3-4d78-a6af-27321d4835da,<br>15.070%, 9/25/2022 †x#^ | Funding Circle | 9/27/2018 | 287862 | 287862 | 86359 |
| &nbsp;&nbsp;&nbsp;&nbsp; fab80007-fbaf-4f74-96de-70f3784a59d7,<br>18.900%, 6/10/2019 †x#^ | Funding Circle | 11/20/2017 | 99538 | 99538 | 29861 |
| &nbsp;&nbsp;&nbsp;&nbsp; fef3f77f-df7c-4d3d-b651-5576b933e493,<br>9.790%, 4/20/2018 †x#^ | Funding Circle | 7/20/2017 | 173244 | 173244 | 51973 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00000636, 8.220%, 12/15/2025 †x#^ | ApplePie | 12/06/2018 | 225171 | 225171 | 224969 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00000665, 7.360%, 4/15/2026 †x#◇ | ApplePie | 4/04/2019 | 51597 | 51597 | 51509 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00000931, 10.270%, 3/15/2026 †x# | ApplePie | 3/21/2019 | 197601 | 197601 | 197384 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001217, 7.800%, 3/15/2026 †x# | ApplePie | 3/07/2019 | 261910 | 261910 | 261596 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001275, 10.400%, 4/15/2026 †x# | ApplePie | 4/11/2019 | 182409 | 182529 | 182810 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001507, 8.400%, 4/15/2026 †x# | ApplePie | 4/11/2019 | 150695 | 150797 | 151011 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001527, 8.210%, 3/15/2026 †x#◇ | ApplePie | 3/14/2019 | 32288 | 32288 | 32288 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001905, 7.170%, 9/15/2026 †x# | ApplePie | 8/29/2019 | 147830 | 147830 | 147667 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001961, 8.130%, 7/15/2026 †x | ApplePie | 7/18/2019 | 143314 | 143314 | 143185 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001987, 9.780%, 3/15/2030 †x# | ApplePie | 3/12/2020 | 743575 | 743575 | 742683 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00001996, 7.030%, 4/15/2026 †x#◇ | ApplePie | 4/04/2019 | 48990 | 48990 | 48912 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002034, 7.800%, 5/15/2026 †x# | ApplePie | 5/23/2019 | 286626 | 286626 | 286340 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002066, 7.360%, 4/15/2026 †x#◇ | ApplePie | 4/04/2019 | 85369 | 85369 | 85514 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002131, 8.870%, 6/15/2026 †x# | ApplePie | 5/30/2019 | 184581 | 184581 | 184359 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002146, 7.420%, 11/15/2026 †x# | ApplePie | 11/14/2019 | 636181 | 636181 | 635417 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002308, 7.950%, 8/15/2029 †x#◇ | ApplePie | 8/22/2019 | 133649 | 133649 | 133476 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002330, 9.630%, 3/15/2027 †x# | ApplePie | 3/12/2020 | 285561 | 285561 | 285247 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002362, 7.870%, 7/15/2026 †x# | ApplePie | 6/27/2019 | 268983 | 268983 | 268661 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002386, 9.050%, 4/15/2027 †x# | ApplePie | 4/02/2020 | 171454 | 171454 | 171283 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002504, 8.600%, 5/15/2028 †x# | ApplePie | 5/18/2021 | 520402 | 520402 | 519830 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002579, 7.780%, 5/15/2030 †x#◇ | ApplePie | 5/07/2020 | 436259 | 437981 | 439007 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002662, 6.950%, 9/15/2026 †x#◇ | ApplePie | 9/19/2019 | 102409 | 102409 | 102286 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002883, 7.540%, 1/15/2027 †x# | ApplePie | 1/09/2020 | 796362 | 796362 | 795486 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00002924, 7.040%, 9/15/2026 †x# | ApplePie | 9/12/2019 | 162158 | 162158 | 161996 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00003077, 8.600%, 10/15/2030 †x#◇ | ApplePie | 10/08/2020 | 288805 | 288805 | 288459 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00003170, 9.080%, 11/15/2026 †x# | ApplePie | 11/21/2019 | 186342 | 186342 | 59648 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00003467, 7.360%, 3/15/2030 †x#◇ | ApplePie | 3/12/2020 | 81853 | 81853 | 81730 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00003575, 8.100%, 3/15/2027 †x# | ApplePie | 3/05/2020 | 332703 | 332703 | 332338 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00003590, 8.600%, 1/15/2028 †x# | ApplePie | 12/23/2020 | 395706 | 395706 | 395270 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00003926, 7.150%, 4/15/2027 †x#◇ | ApplePie | 4/09/2020 | 173922 | 173922 | 173765 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00003936, 7.780%, 3/15/2030 †x#◇ | ApplePie | 3/26/2020 | 173051 | 173051 | 172861 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00004106, 8.600%, 7/15/2028 †x#◇ | ApplePie | 6/23/2021 | 600065 | 600065 | 599405 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00004274, 8.960%, 3/15/2027 †x#◇ | ApplePie | 3/19/2020 | 93710 | 93710 | 93626 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00004397, 8.600%, 8/15/2028 †x# | ApplePie | 8/03/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622740 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00011886, 7.600%, 5/15/2028 †x | ApplePie | 4/20/2021 | 252625 | 252625 | 252372 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00011898, 7.600%, 7/15/2028 †x#◇ | ApplePie | 7/15/2021 | 222379 | 222379 | 222157 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**316** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 4.12% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00012274, 7.900%, 6/15/2028 †x# | ApplePie | 6/03/2021 | $651068 | $651068 | $650351 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00012345, 12.600%, 5/15/2028 †x# | ApplePie | 4/27/2021 | 713769 | 713769 | 35688 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00012454, 8.600%, 4/15/2028 †x# | ApplePie | 4/14/2021 | 496496 | 496496 | 495949 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00012578, 8.600%, 6/15/2028 †x# | ApplePie | 6/02/2021 | 757471 | 757471 | 756637 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00012717, 8.600%, 6/15/2028 †x | ApplePie | 6/07/2021 | 425446 | 425446 | 426552 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00013232, 7.600%, 5/15/2028 †x# | ApplePie | 5/03/2021 | 386104 | 386104 | 385718 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00013300, 7.900%, 6/15/2028 †x# | ApplePie | 6/15/2021 | 186872 | 186872 | 186667 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00013704, 8.600%, 6/15/2028 †x# | ApplePie | 6/15/2021 | 1055255 | 1055255 | 52763 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00050451, 9.650%, 3/15/2033 †x | ApplePie | 2/25/2026 | 798969 | 798969 | 789142 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00050940, 10.050%, 3/15/2036 †x | ApplePie | 2/25/2026 | 317386 | 317386 | 317799 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00051234, 9.640%, 2/15/2036 †x | ApplePie | 2/18/2026 | 291265 | 291265 | 287449 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00052048, 9.230%, 3/15/2036 †x | ApplePie | 2/25/2026 | 790575 | 790575 | 770020 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00052051, 9.220%, 3/15/2036 †x | ApplePie | 2/18/2026 | 431543 | 431543 | 420150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Small Business Loans, 6.830% - 9.050%<br>4/15/2026 - 6/15/2027 †x#◇ | ApplePie | 4/04/2019 - 6/04/2020 | 493260 | 493260 | 45741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Small Business Loans, 8.250% -<br>26.990% 3/12/2018 - 5/30/2024 †x#^ | Funding Circle | 12/14/2016 - 2/06/2019 | 2171948 | 2173658 | 651250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Small Business Loans, 15.990% -<br>19.990% 10/18/2023 - 11/30/2023 †x#^ | Lending Club | 10/22/2018 - 12/04/2018 | 8571 | 11971 | 857 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Small Business Loans, 2.119% -<br>77.131% 2/02/2018 - 8/25/2027 †§x¶#^ | Square | 8/04/2016 - 2/27/2026 | 39801130 | 36955833 | 13888591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Small Business Loans, 10.667% -<br>26.533% 11/09/2022 - 10/01/2027 †x¥#^ | Stripe | 5/14/2021 - 2/27/2026 | 24605754 | 25612632 | 5966876 |
|  |  |  |  | **109193150** | **58487920** |
|  **Total Small Business Loans** |  |  |  | **117687328** | **61096119** |
|  **Student Loans - 0.05%** |  |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 0.05%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; L3694545, 15.250%, 2/24/2028 †x◇ | Upstart | 3/01/2023 | 24577 | 24272 | 24610 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3704363, 17.760%, 8/02/2028 †x | Upstart | 3/07/2023 | 27977 | 27576 | 27940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Student Loans, 5.520% - 26.850%<br>5/09/2023 - 3/24/2029 †§x#^◇ | Upstart | 5/14/2018 - 9/29/2023 | 754189 | 750268 | 692092 |
|  **Total Student Loans** |  |  |  | **802116** | **744642** |
|  **TOTAL WHOLE LOANS** |  |  |  | **1581795114** | **1352490983** |
|  **OTHER LOAN INVESTMENTS - 25.19%** |  |  |  |  |  |
|  **Loan Participations - 14.59%** |  |  |  |  |  |
|  **Consumer Loans - 7.01%** |  |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 7.01%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00706826, 24.550%, 9/25/2029 †x# | LendingPoint | 10/31/2022 | 26077 | 26077 | 25276 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00706877, 19.140%, 10/25/2028 †x | LendingPoint | 10/31/2022 | 27003 | 27003 | 27148 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00706909, 9.000%, 10/25/2028 †x# | LendingPoint | 10/31/2022 | 23618 | 23618 | 23814 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00707298, 17.340%, 10/25/2027 †x# | LendingPoint | 10/31/2022 | 19966 | 19966 | 20022 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00708811, 13.070%, 10/27/2028 †x# | LendingPoint | 11/02/2022 | 22080 | 22080 | 22066 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00708934, 12.640%, 10/27/2028 †x# | LendingPoint | 11/02/2022 | 24851 | 24851 | 25130 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00709185, 14.570%, 10/28/2028 †x# | LendingPoint | 11/02/2022 | 25527 | 25527 | 25501 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00709299, 11.150%, 10/28/2028 †x | LendingPoint | 11/02/2022 | 22659 | 22659 | 22496 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00709718, 12.060%, 8/30/2026 †x | LendingPoint | 11/03/2022 | 24110 | 24110 | 23533 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00710344, 12.130%, 11/01/2028 †x# | LendingPoint | 11/03/2022 | 27091 | 27091 | 27078 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00710747, 29.440%, 11/01/2028 †x# | LendingPoint | 11/04/2022 | 20447 | 20447 | 20330 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00711527, 9.290%, 11/02/2028 †x | LendingPoint | 11/07/2022 | 24375 | 24375 | 24317 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00713971, 11.810%, 11/05/2028 †x | LendingPoint | 11/09/2022 | 26885 | 26885 | 26976 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00714276, 24.490%, 11/05/2028 †x | LendingPoint | 11/09/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26988 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00714405, 14.640%, 11/05/2028 †x | LendingPoint | 11/09/2022 | 20071 | 20071 | 20126 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00714440, 14.330%, 11/05/2028 †x# | LendingPoint | 11/09/2022 | 35469 | 35469 | 34675 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**317** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.01% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00715313, 10.460%, 11/08/2028 †x | LendingPoint | 11/14/2022 | $26714 | $26714 | $26776 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00720048, 25.440%, 11/15/2028 †x | LendingPoint | 11/18/2022 | 22533 | 22533 | 22478 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00720238, 16.210%, 10/01/2030 †x# | LendingPoint | 11/18/2022 | 45166 | 45166 | 44734 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00720516, 27.590%, 11/16/2028 †x# | LendingPoint | 11/18/2022 | 22148 | 22148 | 22478 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00720520, 11.630%, 11/16/2028 †x | LendingPoint | 11/18/2022 | 27166 | 27166 | 27220 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00720692, 15.990%, 1/01/2029 †x | LendingPoint | 11/18/2022 | 29610 | 29610 | 29595 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00722857, 18.910%, 1/28/2027 †x | LendingPoint | 11/23/2022 | 24184 | 24184 | 23065 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00733275, 11.290%, 1/04/2028 †x | LendingPoint | 12/09/2022 | 25642 | 25642 | 25327 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00737786, 27.100%, 7/28/2029 †x | LendingPoint | 12/19/2022 | 20445 | 20445 | 20488 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00739176, 16.140%, 3/31/2026 †x# | LendingPoint | 12/22/2022 | 25834 | 25834 | 22783 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00739253, 22.730%, 11/01/2028 †x# | LendingPoint | 12/22/2022 | 28492 | 28492 | 27423 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00739794, 32.440%, 5/19/2030 †x# | LendingPoint | 12/22/2022 | 21683 | 21683 | 22454 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00743441, 14.100%, 12/31/2027 †x# | LendingPoint | 1/05/2023 | 22340 | 22340 | 22179 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00746282, 30.990%, 1/05/2028 †x | LendingPoint | 1/11/2023 | 20350 | 20350 | 20172 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00752338, 21.650%, 7/28/2029 †x# | LendingPoint | 1/24/2023 | 24850 | 24850 | 23497 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00765484, 24.890%, 3/18/2029 †x# | LendingPoint | 2/21/2023 | 25926 | 25926 | 25252 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00766135, 30.960%, 10/01/2026 †x# | LendingPoint | 2/21/2023 | 23409 | 23409 | 22492 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00767380, 15.240%, 4/26/2027 †x | LendingPoint | 2/24/2023 | 21806 | 21806 | 21149 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00780047, 25.070%, 9/22/2029 †x | LendingPoint | 3/14/2023 | 21248 | 21248 | 20148 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00796255, 28.500%, 1/15/2029 †x | LendingPoint | 4/18/2023 | 36131 | 36131 | 35823 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00796946, 24.090%, 9/26/2026 †x# | LendingPoint | 4/18/2023 | 23767 | 23767 | 22986 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00797052, 20.990%, 3/23/2029 †x | LendingPoint | 4/18/2023 | 32797 | 32797 | 32561 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00797730, 18.090%, 8/01/2027 †x# | LendingPoint | 4/19/2023 | 23536 | 23536 | 22489 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800073, 20.300%, 11/29/2031 †x# | LendingPoint | 4/24/2023 | 23124 | 23124 | 22445 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800089, 20.050%, 9/25/2026 †x | LendingPoint | 4/24/2023 | 22954 | 22954 | 22130 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800179, 18.810%, 4/17/2029 †x | LendingPoint | 4/24/2023 | 22852 | 22852 | 22678 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800218, 18.000%, 4/19/2029 †x | LendingPoint | 4/24/2023 | 33871 | 33871 | 33389 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800302, 18.000%, 4/17/2029 †x | LendingPoint | 4/24/2023 | 21119 | 21119 | 20944 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800333, 18.830%, 7/30/2030 †x | LendingPoint | 4/24/2023 | 22570 | 22570 | 21552 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800391, 18.000%, 8/20/2030 †x | LendingPoint | 4/24/2023 | 22576 | 22576 | 21929 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800419, 20.930%, 1/04/2028 †x | LendingPoint | 4/24/2023 | 23475 | 23475 | 22308 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00800440, 17.370%, 10/20/2030 †x# | LendingPoint | 4/24/2023 | 23563 | 23563 | 22864 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00806203, 20.270%, 9/02/2029 †x | LendingPoint | 5/09/2023 | 20739 | 20739 | 20169 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00808733, 22.340%, 6/20/2030 †x# | LendingPoint | 5/12/2023 | 28515 | 28515 | 27462 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00811027, 18.000%, 9/30/2028 †x | LendingPoint | 5/17/2023 | 23275 | 23275 | 22685 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00813260, 29.930%, 5/30/2029 †x# | LendingPoint | 5/23/2023 | 23973 | 23973 | 22733 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00813795, 19.750%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 33901 | 33901 | 33462 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00813891, 20.690%, 5/18/2029 †x# | LendingPoint | 5/24/2023 | 26727 | 26727 | 26514 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00813999, 18.000%, 5/04/2029 †x# | LendingPoint | 5/24/2023 | 20959 | 20959 | 20544 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00814192, 18.000%, 5/19/2029 †x# | LendingPoint | 5/25/2023 | 32936 | 32936 | 32635 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00814214, 21.000%, 4/26/2028 †x | LendingPoint | 5/25/2023 | 20196 | 20196 | 20005 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00814236, 18.720%, 5/19/2028 †x# | LendingPoint | 5/25/2023 | 20708 | 20708 | 20136 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00814384, 27.530%, 5/20/2029 †x | LendingPoint | 5/25/2023 | 32804 | 32804 | 32535 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00814522, 18.000%, 5/20/2029 †x | LendingPoint | 5/25/2023 | 24601 | 24601 | 24463 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00814674, 18.000%, 5/22/2028 †x | LendingPoint | 5/25/2023 | 20639 | 20639 | 20015 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00814786, 27.000%, 5/07/2028 †x | LendingPoint | 5/25/2023 | 22223 | 22223 | 21134 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00816025, 18.000%, 4/28/2029 †x# | LendingPoint | 6/01/2023 | 29907 | 29907 | 29532 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00817370, 18.000%, 6/11/2029 †x | LendingPoint | 6/02/2023 | 26405 | 26405 | 26168 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00818024, 18.000%, 5/28/2029 †x# | LendingPoint | 6/05/2023 | 26409 | 26409 | 25902 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00818208, 30.800%, 11/11/2028 †x | LendingPoint | 6/05/2023 | 24026 | 24026 | 23268 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00818312, 18.000%, 6/01/2029 †x | LendingPoint | 6/05/2023 | 22507 | 22507 | 22214 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00820359, 18.000%, 9/06/2029 †x | LendingPoint | 6/09/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22581 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00820692, 18.780%, 3/27/2031 †x | LendingPoint | 6/09/2023 | 23288 | 23288 | 21836 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00822278, 18.000%, 6/10/2029 †x# | LendingPoint | 6/15/2023 | 33894 | 33894 | 33385 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00822631, 27.000%, 6/30/2031 †x | LendingPoint | 6/15/2023 | 23856 | 23856 | 22263 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00823079, 31.300%, 2/13/2029 †x | LendingPoint | 6/16/2023 | 28799 | 28799 | 27000 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**318** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.01% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00823197, 18.270%, 2/02/2030 †x# | LendingPoint | 6/16/2023 | $26923 | $26923 | $24942 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00823609, 19.580%, 6/28/2029 †x# | LendingPoint | 6/21/2023 | 27854 | 27854 | 27396 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00824278, 18.000%, 1/01/2029 †x# | LendingPoint | 6/21/2023 | 34234 | 34234 | 32160 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00824541, 18.000%, 12/21/2028 †x | LendingPoint | 6/21/2023 | 33529 | 33529 | 31815 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00824575, 18.000%, 6/16/2028 †x | LendingPoint | 6/21/2023 | 24331 | 24331 | 23976 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00824604, 18.000%, 2/16/2029 †x | LendingPoint | 6/21/2023 | 30077 | 30077 | 29235 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00824689, 29.500%, 9/26/2030 †x# | LendingPoint | 6/21/2023 | 32061 | 32061 | 30704 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00824933, 30.800%, 6/17/2028 †x | LendingPoint | 6/21/2023 | 21598 | 21598 | 21235 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00824972, 30.800%, 7/04/2027 †x# | LendingPoint | 6/21/2023 | 43392 | 43392 | 41809 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00825382, 26.240%, 9/18/2028 †x# | LendingPoint | 6/22/2023 | 26134 | 26134 | 24822 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00825525, 18.000%, 6/20/2028 †x | LendingPoint | 6/22/2023 | 25742 | 25742 | 25453 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00829656, 18.000%, 7/25/2027 †x | LendingPoint | 7/06/2023 | 22966 | 22966 | 22268 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00829659, 19.040%, 6/29/2028 †x# | LendingPoint | 7/06/2023 | 27011 | 27011 | 25742 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00830072, 18.280%, 12/04/2028 †x | LendingPoint | 7/06/2023 | 26547 | 26547 | 24599 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00831573, 18.000%, 6/10/2031 †x | LendingPoint | 7/10/2023 | 27156 | 27156 | 26411 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00831691, 18.610%, 1/10/2029 †x | LendingPoint | 7/10/2023 | 29692 | 29692 | 29031 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00831906, 23.470%, 6/30/2028 †x# | LendingPoint | 7/11/2023 | 29509 | 29509 | 28705 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00832071, 18.000%, 7/05/2028 †x# | LendingPoint | 7/11/2023 | 20943 | 20943 | 20423 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00832216, 18.310%, 9/15/2028 †x# | LendingPoint | 7/11/2023 | 22643 | 22643 | 21574 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00832236, 18.000%, 3/06/2029 †x | LendingPoint | 7/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20728 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00832238, 18.590%, 7/15/2028 †x | LendingPoint | 7/11/2023 | 30109 | 30109 | 29630 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00832413, 30.120%, 6/10/2028 †x | LendingPoint | 7/12/2023 | 23899 | 23899 | 22213 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00833111, 18.000%, 7/18/2028 †x# | LendingPoint | 7/13/2023 | 26463 | 26463 | 26038 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00833161, 18.000%, 10/15/2028 †x | LendingPoint | 7/13/2023 | 23207 | 23207 | 22779 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00834255, 18.000%, 3/31/2026 †x | LendingPoint | 7/17/2023 | 39548 | 39548 | 32138 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00834530, 25.840%, 6/21/2028 †x | LendingPoint | 7/17/2023 | 32172 | 32172 | 30944 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00835767, 18.400%, 7/15/2028 †x | LendingPoint | 7/20/2023 | 29612 | 29612 | 29131 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00835768, 18.000%, 10/18/2028 †x# | LendingPoint | 7/20/2023 | 22522 | 22522 | 22097 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00836015, 21.590%, 8/30/2029 †x# | LendingPoint | 7/20/2023 | 26402 | 26402 | 24618 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00837039, 25.590%, 6/20/2028 †x | LendingPoint | 7/25/2023 | 31800 | 31800 | 31284 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00837189, 22.200%, 6/21/2028 †x | LendingPoint | 7/25/2023 | 30860 | 30860 | 29695 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00837232, 30.590%, 12/28/2028 †x# | LendingPoint | 7/25/2023 | 21134 | 21134 | 20558 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00838117, 28.960%, 11/24/2028 †x | LendingPoint | 7/27/2023 | 27090 | 27090 | 26502 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00842452, 19.400%, 5/30/2027 †x | LendingPoint | 8/16/2023 | 32926 | 32926 | 32112 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00843652, 28.500%, 8/15/2028 †x# | LendingPoint | 8/21/2023 | 29340 | 29340 | 28813 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00843763, 26.270%, 11/16/2028 †x# | LendingPoint | 8/21/2023 | 25942 | 25942 | 25161 |
| &nbsp;&nbsp;&nbsp;&nbsp; LAI-00844215, 21.000%, 8/18/2028 †x | LendingPoint | 8/23/2023 | 21528 | 21528 | 21108 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB006, 12.950%, (PIK: 9.27%) 5/12/2047 †x¡ | RockFence | 5/12/2017 | 6288511 | 6264827 | 4046657 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB011, 3.000%, (PIK: 2.04%) 7/20/2047 †x¡ | RockFence | 7/20/2017 | 10321778 | 10297505 | 1689675 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB031, 10.500%, (PIK: 5.67%) 8/31/2029 †x¡ | RockFence | 6/29/2018 | 2346171 | 2341211 | 2431572 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB033, 3.250%, (PIK: 2.69%) 7/13/2048 †x¡ | RockFence | 7/13/2018 | 9806581 | 9796317 | 439335 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB034, 16.000%, (PIK: 13.98%) 8/14/2026 †x¡ | RockFence | 7/13/2018 | 7047380 | 7014216 | 116987 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB035, 14.880%, (PIK: 10.73%) 4/30/2027 †x¡ | RockFence | 7/20/2018 | 2445818 | 2437498 | 2112453 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB039, 12.500%, (PIK: 8.97%) 7/15/2028 †x¡ | RockFence | 9/19/2018 | 4653151 | 4640517 | 78638 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB040, 11.250%, (PIK: 5.37%) 6/15/2026 †x¡ | RockFence | 10/05/2018 | 1055104 | 1054737 | 1054576 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB041, 11.750%, (PIK: 6.63%) 9/30/2026 †x¡ | RockFence | 10/26/2018 | 2373528 | 2368126 | 2372341 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB043, 13.000%, (PIK: 8.15%) 11/09/2048 †x¡ | RockFence | 11/09/2018 | 1928140 | 1919227 | 1126805 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**319** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.01% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB044, 14.000%, (PIK: 8.01%) 1/25/2049 †x¡ | RockFence | 1/25/2019 | $3079272 | $3067988 | $3034314 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB047, 13.000%, (PIK: 11.32%) 9/30/2029 †x¡ | RockFence | 3/29/2019 | 9475801 | 9440893 | 2765986 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB050, 12.980%, (PIK: 9.81%) 5/30/2028 †x¡ | RockFence | 5/10/2019 | 3674733 | 3670219 | 1946506 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB052, 11.800%, (PIK: 7.13%) 9/15/2027 †x¡ | RockFence | 8/02/2019 | 1701570 | 1698492 | 1711610 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB052-2, 12.500%, (PIK: 12.5%) 9/24/2027 †x¡ | RockFence | 3/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289420 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB055-2, 12.500%, (PIK: 6.63%) 9/30/2026 †x¡ | RockFence | 4/14/2023 | 634916 | 635318 | 641646 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB056, 12.750%, (PIK: 10.64%) 8/15/2029 †x¡ | RockFence | 8/30/2019 | 5215386 | 5199627 | 2673407 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB058, 0.000%, 9/28/2029 †x#¡ | RockFence | 9/06/2019 | 2014452 | 2030699 | 1047112 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB063, 12.500%, (PIK: 5.89%) 9/30/2026 †x¡ | RockFence | 10/04/2019 | 319923 | 319626 | 320211 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB063-2, 12.250%, (PIK: 6.6%) 8/31/2026 †x¡ | RockFence | 7/24/2020 | 2550979 | 2546238 | 2560162 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB064, 12.910%, (PIK: 10.22%) 9/30/2029 †x¡ | RockFence | 10/18/2019 | 3261585 | 3185011 | 3288982 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB065, 16.000%, (PIK: 10.67%) 9/15/2026 †x¡ | RockFence | 10/18/2019 | 1120822 | 1113998 | 864378 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB067, 12.750%, (PIK: 6.61%) 6/15/2028 †x¡ | RockFence | 11/22/2019 | 1516503 | 1511933 | 609179 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB067-2, 12.750%, (PIK: 6.27%) 8/14/2026 †x¡ | RockFence | 7/31/2020 | 1022912 | 1021166 | 753375 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB068, 13.000%, (PIK: 7.11%) 6/15/2027 †x¡ | RockFence | 11/22/2019 | 2158503 | 2160284 | 2156129 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB069, 14.000%, (PIK: 10.87%) 9/30/2033 †x¡ | RockFence | 11/29/2019 | 1650191 | 1644895 | 457433 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB070, 14.000%, (PIK: 9.54%) 9/30/2027 †x¡ | RockFence | 12/13/2019 | 1454198 | 1446797 | 1466849 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB071, 12.570%, (PIK: 8.76%) 9/30/2028 †x¡ | RockFence | 2/14/2020 | 2344455 | 2311327 | 2370713 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB074, 11.600%, (PIK: 6.42%) 9/30/2026 †x¡ | RockFence | 3/20/2020 | 1143175 | 1139698 | 1146605 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB078, 13.720%, (PIK: 8.40%) 8/15/2029 †x¡ | RockFence | 7/31/2020 | 1913630 | 1838164 | 1941569 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB083, 13.750%, (PIK: 6.71%) 9/30/2026 †x¡ | RockFence | 9/18/2020 | 242933 | 241335 | 243638 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB085, 14.000%, (PIK: 7.46%) 8/31/2026 †x¡ | RockFence | 9/30/2020 | 586571 | 584071 | 239145 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB086, 12.000%, (PIK: 7.48%) 8/15/2027 †x¡ | RockFence | 12/18/2020 | 270389 | 270268 | 271308 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB087, 12.250%, (PIK: 11.55%) 1/08/2051 †x¡ | RockFence | 1/08/2021 | 3872287 | 3858797 | 901856 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB089, 11.840%, (PIK: 9.93%) 1/29/2051 †x¡ | RockFence | 1/29/2021 | 2948286 | 2940648 | 404800 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB090, 12.080%, (PIK: 11.69%) 1/29/2051 †x¡ | RockFence | 1/29/2021 | 1944054 | 1936634 | 212679 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB091, 12.000%, (PIK: 9.55%) 9/30/2027 †x¡ | RockFence | 3/31/2021 | 599035 | 598523 | 601851 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB092, 11.890%, (PIK: 9.28%) 4/15/2029 †x¡ | RockFence | 6/30/2021 | 369506 | 362463 | 373090 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**320** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.01% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB093, 11.890%, (PIK: 11.18%) 7/30/2030 †x¡ | RockFence | 6/30/2021 | $881389 | $861438 | $262125 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB095, 13.000%, (PIK: 12.78%) 4/30/2029 †x¡ | RockFence | 8/13/2021 | 1280532 | 1262132 | 898678 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB096, 12.080%, (PIK: 9.43%) 7/30/2028 †x¡ | RockFence | 8/13/2021 | 2493747 | 2492107 | 2512450 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB097, 13.200%, (PIK: 11.03%) 7/15/2029 †x¡ | RockFence | 9/03/2021 | 924084 | 919919 | 855055 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB101, 12.330%, (PIK: 10.46%) 7/15/2029 †x¡ | RockFence | 11/12/2021 | 1151282 | 1151122 | 470414 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB102, 12.000%, (PIK: 10.01%) 12/10/2051 †x¡ | RockFence | 12/10/2021 | 685307 | 684827 | 97039 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB103, 11.730%, (PIK: 5.78%) 8/28/2026 †x¡ | RockFence | 12/23/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280931 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB104, 13.000%, (PIK: 10.15%) 9/30/2026 †x¡ | RockFence | 2/11/2022 | 326011 | 326046 | 328294 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB106, 11.800%, (PIK: 5.59%) 9/15/2027 †x¡ | RockFence | 3/15/2022 | 1737057 | 1741040 | 1750780 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB107, 13.410%, (PIK: 8.39%) 9/30/2028 †x¡ | RockFence | 7/01/2022 | 978404 | 975533 | 989558 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB108, 12.000%, (PIK: 5.58%) 6/30/2027 †x¡ | RockFence | 6/03/2022 | 436883 | 435006 | 438018 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB109, 12.350%, (PIK: 8.52%) 9/29/2028 †x¡ | RockFence | 7/01/2022 | 1390893 | 1388050 | 974320 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB110, 12.500%, (PIK: 10.88%) 8/30/2028 †x¡ | RockFence | 7/15/2022 | 888515 | 876305 | 897577 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB111, 14.000%, (PIK: 11.11%) 9/29/2028 †x¡ | RockFence | 8/12/2022 | 212126 | 211928 | 214417 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB112, 13.500%, (PIK: 8.62%) 8/18/2028 †x¡ | RockFence | 9/02/2022 | 924166 | 924433 | 934609 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB114, 12.890%, (PIK: 7.39%) 9/10/2027 †x¡ | RockFence | 9/16/2022 | 197032 | 196618 | 198589 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB117, 13.500%, (PIK: 10.42%) 9/01/2028 †x¡ | RockFence | 9/23/2022 | 512526 | 511393 | 397156 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB118, 13.180%, (PIK: 8.59%) 8/03/2029 †x¡ | RockFence | 9/30/2022 | 1056829 | 1054438 | 1071519 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB123, 0.000%, 9/28/2029 †x#¡ | RockFence | 1/20/2023 | 864845 | 861086 | 371970 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB124, 12.960%, (PIK: 10.51%) 8/15/2029 †x¡ | RockFence | 1/20/2023 | 2361956 | 2362746 | 2390536 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB125, 11.920%, (PIK: 7.59%) 7/15/2029 †x¡ | RockFence | 3/31/2023 | 148398 | 147780 | 150757 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB126, 12.880%, (PIK: 8.01%) 8/04/2028 †x¡ | RockFence | 5/31/2023 | 531875 | 527143 | 537991 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB127, 13.210%, (PIK: 7.17%) 9/30/2028 †x¡ | RockFence | 6/09/2023 | 174422 | 171129 | 176916 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB128, 13.380%, (PIK: 7.90%) 9/29/2028 †x¡ | RockFence | 6/16/2023 | 220432 | 217783 | 223430 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB129, 13.280%, (PIK: 10.02%) 5/24/2030 †x¡ | RockFence | 8/04/2023 | 1061699 | 1058078 | 1079854 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB130, 13.750%, (PIK: 8.93%) 8/02/2030 †x¡ | RockFence | 9/01/2023 | 509407 | 501821 | 519646 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB131-2, 9.150%, 3/31/2032 †x¡ | RockFence | 3/14/2025 | 5538953 | 5570583 | 5569418 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB132, 14.500%, (PIK: 13.28%) 7/19/2030 †x¡ | RockFence | 10/06/2023 | 569860 | 556423 | 580117 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB133, 14.250%, (PIK: 9.12%) 9/24/2027 †x¡ | RockFence | 12/15/2023 | 213531 | 215366 | 215773 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**321** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.01% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB134, 13.550%, (PIK: 9.54%)<br>9/30/2029 †x¡ | RockFence | 5/17/2024 | $547696 | $558439 | $557829 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB135, 14.500%, (PIK: 8.98%)<br>9/14/2029 †x¡ | RockFence | 6/14/2024 | 191768 | 195878 | 195565 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB137, 14.500%, (PIK: 8.09%)<br>9/30/2029 †x¡ | RockFence | 9/13/2024 | 151444 | 155070 | 154655 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB138, 13.000%, (PIK: 6.70%)<br>6/08/2029 †x¡ | RockFence | 9/13/2024 | 555641 | 567757 | 566310 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB139, 13.000%, (PIK: 6.63%)<br>8/02/2030 †x¡ | RockFence | 9/20/2024 | 301483 | 309067 | 308357 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB140, 12.690%, (PIK: 6.55%)<br>8/31/2029 †x¡ | RockFence | 10/31/2024 | 647090 | 661246 | 660808 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB142, 13.000%, (PIK: 8.32%)<br>4/30/2027 †x¡ | RockFence | 4/25/2025 | 1555649 | 1569318 | 1576028 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB143, 13.890%, (PIK: 13.47%)<br>9/30/2031 †x¡ | RockFence | 7/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570661 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBB144, 10.500%, (PIK: 10.50%)<br>9/30/2027 †x¡ | RockFence | 12/15/2025 | 354695 | 356400 | 356150 |
| &nbsp;&nbsp;&nbsp;&nbsp; RFBSKT001, 11.090%, (PIK: 2.55%)<br>4/30/2027 †x¡ | RockFence | 7/12/2019 | 697964 | 697888 | 710597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 0.000% -<br>32.780% 8/09/2023 - 5/25/2042 †§x#^ | LendingPoint | 4/10/2019 - 8/23/2023 | 18217419 | 18149533 | 14929187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Consumer Loans, 0.000% -<br>13.750% 7/31/2026 - 9/10/2051 †x#¡ | RockFence | 10/17/2016 - 9/23/2022 | 28462576 | 28758232 | 507 |
|  **Total Consumer Loans** |  |  |  | **189068965** | **99513357** |
|  **Small Business Loans - 7.58%** |  |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 7.58%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12JBU3RP, 12.000%, 2/07/2027 †‡§Σ | Unchained | 2/13/2026 | 250000 | 250000 | 250000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13YXQ92Q, 12.000%, 1/10/2027 †‡§Σ | Unchained | 1/16/2026 | 169091 | 169091 | 169091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1681M632, 12.000%, 1/24/2027 †‡§#Σ | Unchained | 2/02/2026 | 252589 | 252589 | 252589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1N77HYMA, 13.000%, 7/17/2026 †‡§#Σ | Unchained | 7/24/2025 | 196000 | 196000 | 196756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1NH8M84T, 12.000%, 2/14/2027 †‡§Σ | Unchained | 2/20/2026 | 258037 | 258037 | 258037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1TRWP74M, 13.000%, 9/04/2026 †‡§Σ | Unchained | 9/10/2025 | 687257 | 687257 | 690723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2RUMTKEP, 13.000%, 6/18/2026 †‡§#Σ | Unchained | 6/24/2025 | 117914 | 117914 | 118279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2UAWQBHT, 13.000%, 8/02/2026 †‡§#Σ | Unchained | 8/08/2025 | 170123 | 170123 | 170841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 38UF31WJ, 12.000%, 1/03/2027 †‡§#Σ | Unchained | 1/09/2026 | 154646 | 154646 | 154646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3EPTYM7A, 12.000%, 2/19/2027 †‡§Σ | Unchained | 2/25/2026 | 1025836 | 1025836 | 1025836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3NAWFKRA, 13.000%, 6/04/2026 †‡§#Σ | Unchained | 6/11/2025 | 371017 | 371017 | 372026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3UW73FQD, 12.000%, 1/07/2027 †‡§#Σ | Unchained | 1/13/2026 | 226814 | 226814 | 226814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4JPJ9M9M, 13.000%, 5/24/2026 †‡§#Σ | Unchained | 6/02/2025 | 150000 | 150000 | 150363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4R9553NY, 14.000%, 3/29/2026 †‡§#Σ | Unchained | 4/07/2025 | 350000 | 350000 | 350678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4YTP9KA3, 12.000%, 2/18/2027 †‡§Σ | Unchained | 2/24/2026 | 73000 | 73000 | 73000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 51L6CWFM, 12.000%, 12/04/2026 †‡§Σ | Unchained | 12/16/2025 | 4000000 | 4000000 | 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5FNLTNTB, 13.000%, 6/27/2026 †‡§Σ | Unchained | 7/03/2025 | 4500000 | 4500000 | 4514906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5JKRRBE1, 12.000%, 11/15/2026 †‡§#Σ | Unchained | 11/21/2025 | 400000 | 400000 | 400000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5UW76DN7, 14.000%, 4/23/2026 †‡§#Σ | Unchained | 4/29/2025 | 1500000 | 1500000 | 1504810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 62X86AUR, 14.000%, 3/28/2026 †‡§#Σ | Unchained | 4/04/2025 | 150000 | 150000 | 150283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 683YA51T, 14.000%, 3/20/2026 †‡§#Σ | Unchained | 3/26/2025 | 370000 | 370000 | 370562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 684113, 23.160%, 10/17/2023 †x#^ | BlueVine | 10/20/2022 | 169770 | 176560 | 25465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 694088, 23.160%, 12/28/2023 †x#^ | BlueVine | 1/03/2023 | 169770 | 176560 | 25465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 697826, 39.960%, 7/28/2039 †x# | BlueVine | 1/27/2023 | 157112 | 163397 | 23567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6EXLH78P, 12.000%, 2/14/2027 †‡§Σ | Unchained | 2/20/2026 | 154822 | 154822 | 154822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6LQDB1FA, 13.000%, 11/07/2026 †‡§#Σ | Unchained | 11/13/2025 | 253998 | 253998 | 255684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6PKT7QRF, 13.000%, 9/19/2026 †‡§Σ | Unchained | 9/25/2025 | 35099 | 35099 | 35290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6TQHCD4T, 13.000%, 7/09/2026 †‡§#Σ | Unchained | 7/15/2025 | 300000 | 300000 | 301091 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**322** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.58% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 6WLC4NH8, 13.000%, 5/17/2026 †‡§#Σ | Unchained | 5/23/2025 | $250000 | $250000 | $250571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 731DF9AA, 13.000%, 7/19/2026 †‡§#Σ | Unchained | 7/30/2025 | 3500000 | 3500000 | 3513683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 753652, 28.800%, 9/21/2026 †x# | BlueVine | 12/27/2024 | 35926 | 37093 | 36254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 754613, 39.960%, 4/06/2027 †x | BlueVine | 1/14/2025 | 30188 | 30188 | 30520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 759315, 39.960%, 6/15/2026 †x# | BlueVine | 4/01/2025 | 29756 | 29955 | 30704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 759572, 20.520%, 3/30/2026 †x# | BlueVine | 4/04/2025 | 22639 | 22639 | 22552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 759737, 35.640%, 4/06/2026 †x | BlueVine | 4/08/2025 | 23036 | 23122 | 22868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 760179, 27.720%, 4/13/2026 †x | BlueVine | 4/15/2025 | 37252 | 37411 | 37318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 760454, 26.640%, 4/20/2026 †x | BlueVine | 4/18/2025 | 30364 | 30512 | 30520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 760568, 22.200%, 4/13/2026 †x | BlueVine | 4/22/2025 | 27346 | 27462 | 27390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 760571, 30.000%, 4/06/2026 †x | BlueVine | 4/22/2025 | 28185 | 28290 | 28117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 760676, 18.840%, 4/23/2026 †x | BlueVine | 4/23/2025 | 33726 | 33896 | 33917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 761250, 59.280%, 4/27/2026 †x# | BlueVine | 5/02/2025 | 21459 | 21596 | 21690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 761358, 29.280%, 5/05/2026 †x | BlueVine | 5/05/2025 | 41661 | 41928 | 41520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 761402, 36.000%, 6/15/2026 †x# | BlueVine | 5/06/2025 | 45920 | 46282 | 46182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 762032, 22.920%, 5/05/2026 †x | BlueVine | 5/15/2025 | 28525 | 28708 | 28424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 762542, 34.840%, 5/04/2026 †x# | BlueVine | 5/23/2025 | 22665 | 22665 | 20879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 763117, 26.640%, 5/12/2026 †x | BlueVine | 6/03/2025 | 35106 | 35365 | 35156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 763142, 22.920%, 6/05/2026 †x# | BlueVine | 6/03/2025 | 39474 | 39834 | 39684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 763374, 24.960%, 5/27/2026 †x# | BlueVine | 6/05/2025 | 33523 | 33811 | 33580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 763566, 19.488%, 6/05/2026 †x# | BlueVine | 6/09/2025 | 31953 | 32244 | 32137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 763731, 20.628%, 6/10/2026 †x | BlueVine | 6/11/2025 | 35630 | 35971 | 35748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 763753, 32.760%, 6/02/2026 †x | BlueVine | 6/11/2025 | 22929 | 23143 | 22827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 763884, 35.640%, 5/05/2026 †x# | BlueVine | 6/12/2025 | 41188 | 41586 | 41012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 764109, 22.920%, 5/26/2026 †x# | BlueVine | 6/17/2025 | 71771 | 72395 | 72752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 764512, 24.480%, 6/15/2026 †x | BlueVine | 6/23/2025 | 43271 | 43718 | 43722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 764521, 26.640%, 6/01/2026 †x | BlueVine | 6/24/2025 | 28489 | 28757 | 28549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 764572, 35.760%, 6/05/2026 †x# | BlueVine | 6/24/2025 | 37316 | 37687 | 37229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 764854, 22.200%, 6/04/2026 †x# | BlueVine | 6/26/2025 | 40620 | 41008 | 40766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 764857, 37.920%, 6/22/2026 †x | BlueVine | 6/26/2025 | 20093 | 20321 | 20357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 764999, 28.800%, 6/16/2026 †x | BlueVine | 6/30/2025 | 21924 | 22160 | 22093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 765078, 56.640%, 6/04/2026 †x# | BlueVine | 7/01/2025 | 33611 | 33966 | 33352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 765196, 27.000%, 6/17/2026 †x | BlueVine | 7/02/2025 | 45425 | 45915 | 45789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 765229, 28.800%, 6/25/2026 †x# | BlueVine | 7/02/2025 | 27088 | 27397 | 27540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 765407, 48.960%, 6/22/2026 †x# | BlueVine | 7/03/2025 | 44169 | 44702 | 44613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 765604, 23.160%, 7/01/2026 †x | BlueVine | 7/09/2025 | 36020 | 36445 | 36249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 765611, 26.640%, 6/29/2026 †x# | BlueVine | 7/08/2025 | 28062 | 28393 | 28148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 765926, 18.720%, 6/29/2026 †x# | BlueVine | 7/11/2025 | 23789 | 24065 | 23992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766053, 35.760%, 7/10/2026 †x# | BlueVine | 7/14/2025 | 36784 | 37261 | 37057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766082, 56.640%, 6/22/2026 †x | BlueVine | 7/14/2025 | 21403 | 21669 | 21519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766181, 28.800%, 7/06/2026 †x | BlueVine | 7/15/2025 | 33860 | 34283 | 34126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766230, 63.120%, 7/08/2026 †x | BlueVine | 7/16/2025 | 36909 | 37406 | 37144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766277, 25.560%, 7/14/2026 †x | BlueVine | 7/16/2025 | 25573 | 25902 | 25834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766312, 22.920%, 7/14/2026 †x | BlueVine | 7/16/2025 | 33330 | 33757 | 33780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766336, 58.760%, 7/13/2026 †x | BlueVine | 7/17/2025 | 27341 | 27341 | 27711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766466, 47.280%, 7/14/2026 †x | BlueVine | 7/18/2025 | 47350 | 48002 | 47850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766839, 20.760%, 7/06/2026 †x | BlueVine | 7/24/2025 | 37553 | 38022 | 37709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 766849, 39.960%, 7/06/2026 †x | BlueVine | 7/24/2025 | 52217 | 52903 | 52386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767177, 29.760%, 7/06/2026 †x | BlueVine | 7/29/2025 | 29420 | 29802 | 29590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767191, 24.120%, 7/01/2026 †x | BlueVine | 7/29/2025 | 44585 | 45140 | 44678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767398, 30.600%, 7/28/2026 †x# | BlueVine | 7/31/2025 | 40327 | 40909 | 40583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767442, 28.056%, 7/27/2026 †x# | BlueVine | 8/01/2025 | 106922 | 108450 | 109105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767615, 24.888%, 8/05/2026 †x | BlueVine | 8/04/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767668, 38.760%, 8/03/2026 †x | BlueVine | 8/05/2025 | 44099 | 44771 | 44565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767825, 35.760%, 8/10/2026 †x | BlueVine | 8/06/2025 | 51674 | 52479 | 52459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 767991, 29.280%, 8/05/2026 †x | BlueVine | 8/07/2025 | 53610 | 54417 | 53958 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**323** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.58% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 768006, 35.760%, 8/05/2026 †x | BlueVine | 8/07/2025 | $43515 | $44180 | $43725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768008, 23.160%, 7/17/2026 †x# | BlueVine | 8/08/2025 | 44469 | 45081 | 45028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768038, 24.120%, 7/16/2026 †x# | BlueVine | 8/08/2025 | 26751 | 27118 | 27068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768114, 32.520%, 8/03/2026 †x | BlueVine | 8/11/2025 | 27001 | 27412 | 27274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768224, 35.640%, 7/28/2026 †x# | BlueVine | 8/12/2025 | 25494 | 25877 | 25609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768246, 24.120%, 8/10/2026 †x | BlueVine | 8/12/2025 | 21193 | 21516 | 21477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768280, 33.720%, 8/13/2026 †x# | BlueVine | 8/12/2025 | 27074 | 27503 | 27541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768383, 30.360%, 7/27/2026 †x# | BlueVine | 8/13/2025 | 67176 | 68170 | 68404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768441, 35.640%, 8/05/2026 †x# | BlueVine | 8/15/2025 | 147459 | 152252 | 20740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768489, 22.920%, 8/04/2026 †x | BlueVine | 8/14/2025 | 26417 | 26814 | 26692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768496, 32.520%, 8/05/2026 †x# | BlueVine | 8/14/2025 | 170959 | 176516 | 24574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768620, 35.640%, 7/23/2026 †x# | BlueVine | 8/18/2025 | 27579 | 27990 | 27959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768699, 31.920%, 7/23/2026 †x# | BlueVine | 8/18/2025 | 30498 | 30948 | 30904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768737, 42.120%, 9/15/2026 †x | BlueVine | 8/19/2025 | 82738 | 84213 | 83898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768742, 35.640%, 8/14/2026 †x | BlueVine | 8/19/2025 | 40784 | 41446 | 41393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768764, 20.400%, 8/10/2026 †x | BlueVine | 8/19/2025 | 26263 | 26668 | 26619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768826, 31.440%, 8/24/2026 †x | BlueVine | 8/20/2025 | 39930 | 40595 | 40769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768931, 34.560%, 8/05/2026 †x | BlueVine | 8/25/2025 | 27124 | 27556 | 27265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768981, 48.960%, 8/11/2026 †x | BlueVine | 8/21/2025 | 83955 | 85339 | 84863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769086, 66.040%, 4/23/2026 †x# | BlueVine | 8/25/2025 | 33163 | 33331 | 23811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769153, 22.200%, 8/27/2026 †x# | BlueVine | 8/25/2025 | 121975 | 124003 | 122438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769198, 35.640%, 8/21/2026 †x | BlueVine | 8/26/2025 | 54379 | 55296 | 55465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769383, 33.000%, 8/25/2026 †x# | BlueVine | 8/29/2025 | 40460 | 41150 | 41248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769389, 24.120%, 8/11/2026 †x | BlueVine | 8/28/2025 | 32849 | 33373 | 33272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769482, 29.280%, 8/05/2026 †x | BlueVine | 8/29/2025 | 40207 | 40846 | 40520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769494, 30.000%, 8/10/2026 †x | BlueVine | 8/29/2025 | 26849 | 27283 | 27120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769567, 22.920%, 8/27/2026 †x# | BlueVine | 9/02/2025 | 122144 | 124217 | 123677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769681, 24.960%, 8/27/2026 †x# | BlueVine | 9/03/2025 | 46069 | 46856 | 46645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769684, 39.960%, 9/02/2026 †x | BlueVine | 9/03/2025 | 22065 | 22462 | 22392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769699, 24.480%, 8/13/2026 †x# | BlueVine | 9/03/2025 | 39769 | 40418 | 40281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 769839, 22.920%, 8/24/2026 †x | BlueVine | 9/04/2025 | 47023 | 47817 | 48100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770016, 24.000%, 8/17/2026 †x | BlueVine | 9/05/2025 | 22246 | 22616 | 22572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770107, 23.160%, 9/03/2026 †x | BlueVine | 9/08/2025 | 33605 | 34195 | 34075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770256, 31.200%, 9/08/2026 †x# | BlueVine | 9/17/2025 | 58936 | 60022 | 59675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770280, 37.440%, 9/01/2026 †x | BlueVine | 9/10/2025 | 47067 | 47914 | 47578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770286, 38.160%, 8/24/2026 †x | BlueVine | 9/10/2025 | 22435 | 22832 | 22839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770328, 29.760%, 9/08/2026 †x# | BlueVine | 9/10/2025 | 49496 | 50392 | 50193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770425, 22.200%, 8/18/2026 †x | BlueVine | 9/11/2025 | 30117 | 30625 | 30624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770721, 29.280%, 9/11/2026 †x# | BlueVine | 9/15/2025 | 123630 | 125907 | 125461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770772, 25.560%, 9/14/2026 †x | BlueVine | 9/16/2025 | 20256 | 20631 | 20607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 770786, 20.640%, 9/14/2026 †x# | BlueVine | 9/16/2025 | 121608 | 123832 | 123867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771002, 30.396%, 9/08/2026 †x | BlueVine | 9/18/2025 | 27875 | 28390 | 28235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771179, 57.240%, 9/21/2026 †x# | BlueVine | 9/22/2025 | 25993 | 26519 | 26589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771231, 35.640%, 9/18/2026 †x# | BlueVine | 9/22/2025 | 68804 | 70132 | 70172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771279, 26.640%, 9/01/2026 †x | BlueVine | 9/23/2025 | 44272 | 45079 | 44759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771374, 58.320%, 9/14/2026 †x# | BlueVine | 9/24/2025 | 77563 | 79090 | 78505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771401, 19.488%, 9/22/2026 †x | BlueVine | 9/24/2025 | 24267 | 24728 | 24841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771455, 22.920%, 9/08/2026 †x# | BlueVine | 9/25/2025 | 24429 | 24881 | 24748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771463, 31.440%, 9/14/2026 †x# | BlueVine | 9/25/2025 | 24205 | 24667 | 24553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771464, 30.360%, 9/17/2026 †x | BlueVine | 9/25/2025 | 52649 | 53659 | 53648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771490, 39.120%, 9/14/2026 †x | BlueVine | 9/25/2025 | 34621 | 35291 | 35187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771548, 20.640%, 9/23/2026 †x | BlueVine | 9/26/2025 | 121608 | 123938 | 124430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771723, 27.960%, 9/21/2026 †x | BlueVine | 9/29/2025 | 36505 | 37217 | 37348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771764, 26.640%, 9/04/2026 †x# | BlueVine | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28293 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771830, 20.040%, 12/21/2026 †x# | BlueVine | 9/30/2025 | 120317 | 124227 | 124017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 771905, 23.160%, 9/28/2026 †x# | BlueVine | 10/01/2025 | 20754 | 21163 | 21001 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**324** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.58% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 772052, 22.200%, 10/05/2026 †x | BlueVine | 10/02/2025 | $103618 | $105729 | $105483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772053, 24.480%, 9/28/2026 †x# | BlueVine | 10/02/2025 | 21836 | 22268 | 22201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772180, 35.880%, 4/01/2026 †x# | BlueVine | 10/03/2025 | 29899 | 30076 | 30077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772213, 22.920%, 10/01/2026 †x# | BlueVine | 10/03/2025 | 138310 | 141062 | 140570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772266, 37.200%, 10/01/2026 †x# | BlueVine | 10/06/2025 | 52983 | 54072 | 53880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772476, 23.160%, 9/28/2026 †x# | BlueVine | 10/08/2025 | 20754 | 21170 | 21091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772519, 39.960%, 9/15/2026 †x | BlueVine | 10/08/2025 | 94565 | 96458 | 95600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772533, 32.184%, 10/01/2026 †x# | BlueVine | 10/08/2025 | 36817 | 37569 | 37195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772610, 32.280%, 10/06/2026 †x | BlueVine | 10/09/2025 | 36102 | 36850 | 36582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772644, 29.280%, 9/28/2026 †x# | BlueVine | 10/09/2025 | 69824 | 71240 | 71586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772645, 22.464%, 9/15/2026 †x | BlueVine | 10/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772730, 29.280%, 10/05/2026 †x | BlueVine | 10/10/2025 | 69824 | 71301 | 70703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772858, 43.920%, 10/09/2026 †x# | BlueVine | 10/14/2025 | 157775 | 161170 | 73419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772859, 25.440%, 10/07/2026 †x | BlueVine | 10/16/2025 | 31240 | 31891 | 31820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 772971, 26.640%, 10/08/2026 †x# | BlueVine | 10/15/2025 | 22385 | 22852 | 22842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773027, 40.920%, 10/05/2026 †x | BlueVine | 10/15/2025 | 71025 | 72535 | 71669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773107, 45.000%, 10/15/2026 †x | BlueVine | 10/16/2025 | 42863 | 43799 | 43733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773139, 22.920%, 10/07/2026 †x | BlueVine | 10/16/2025 | 27662 | 28236 | 28185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773324, 36.960%, 10/15/2026 †x | BlueVine | 10/17/2025 | 134178 | 137077 | 137336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773415, 36.920%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 24563 | 24780 | 24925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773419, 35.880%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 32694 | 32983 | 33161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773461, 78.520%, 4/16/2026 †x# | BlueVine | 10/20/2025 | 26259 | 26508 | 26645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773465, 30.000%, 10/22/2026 †x# | BlueVine | 10/20/2025 | 34950 | 35712 | 35957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773521, 41.760%, 10/09/2026 †x# | BlueVine | 10/21/2025 | 35555 | 36326 | 36160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773523, 23.160%, 10/13/2026 †x# | BlueVine | 10/21/2025 | 20754 | 21195 | 21113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773525, 20.640%, 10/16/2026 †x | BlueVine | 10/21/2025 | 58576 | 59823 | 59958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773534, 47.520%, 10/07/2026 †x | BlueVine | 10/21/2025 | 21507 | 21975 | 21754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773547, 20.628%, 8/14/2026 †x# | BlueVine | 10/21/2025 | 25272 | 25804 | 25616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773662, 29.280%, 10/05/2026 †x# | BlueVine | 10/22/2025 | 53178 | 54298 | 53804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773762, 31.440%, 10/01/2026 †x# | BlueVine | 10/23/2025 | 46458 | 47440 | 47000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773784, 35.760%, 10/07/2026 †x | BlueVine | 10/24/2025 | 33323 | 34041 | 33722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773789, 47.840%, 9/15/2026 †x | BlueVine | 10/23/2025 | 82015 | 83266 | 83934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773793, 25.320%, 10/09/2026 †x# | BlueVine | 10/23/2025 | 20823 | 21266 | 21144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773801, 23.160%, 10/13/2026 †x | BlueVine | 10/24/2025 | 35974 | 36744 | 36651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773807, 24.120%, 10/19/2026 †x | BlueVine | 10/24/2025 | 36769 | 37565 | 37531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773878, 18.576%, 10/15/2026 †x# | BlueVine | 10/24/2025 | 45997 | 46979 | 47193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773906, 20.640%, 10/22/2026 †x# | BlueVine | 10/27/2025 | 103369 | 105624 | 106169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773911, 39.960%, 10/02/2026 †x# | BlueVine | 10/27/2025 | 24824 | 25362 | 25035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773935, 23.160%, 10/20/2026 †x | BlueVine | 10/27/2025 | 34987 | 35751 | 35842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774019, 65.520%, 4/10/2026 †x# | BlueVine | 10/28/2025 | 21505 | 21737 | 21482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774040, 36.000%, 10/05/2026 †x | BlueVine | 10/28/2025 | 70521 | 72055 | 71284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774055, 27.960%, 10/01/2026 †x# | BlueVine | 10/28/2025 | 114982 | 117436 | 116452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774101, 30.960%, 10/26/2026 †x | BlueVine | 10/29/2025 | 41197 | 42120 | 42386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774170, 38.760%, 11/02/2026 †x | BlueVine | 10/29/2025 | 54154 | 55395 | 55267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774266, 40.560%, 10/13/2026 †x | BlueVine | 10/30/2025 | 106482 | 108881 | 107949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774272, 24.648%, 4/28/2026 †x | BlueVine | 10/30/2025 | 23963 | 24222 | 24219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774332, 23.160%, 11/02/2026 †x# | BlueVine | 10/31/2025 | 154558 | 158028 | 156681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774436, 24.120%, 10/13/2026 †x | BlueVine | 11/03/2025 | 21477 | 21954 | 21894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774585, 31.080%, 11/02/2026 †x | BlueVine | 11/04/2025 | 63120 | 64569 | 64038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774675, 41.080%, 5/04/2026 †x | BlueVine | 11/05/2025 | 37213 | 37666 | 37571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 774792, 23.160%, 11/02/2026 †x | BlueVine | 11/06/2025 | 115662 | 118298 | 117273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775024, 43.920%, 10/28/2026 †x# | BlueVine | 11/10/2025 | 22414 | 22940 | 22629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775032, 28.800%, 10/09/2026 †x# | BlueVine | 11/10/2025 | 33081 | 33855 | 33717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775093, 31.920%, 10/26/2026 †x# | BlueVine | 11/10/2025 | 46723 | 47801 | 47985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775157, 24.960%, 11/02/2026 †x | BlueVine | 11/12/2025 | 57950 | 59294 | 59062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775163, 19.800%, 11/02/2026 †x | BlueVine | 11/13/2025 | 57607 | 58976 | 58729 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**325** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.58% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 775223, 66.040%, 5/08/2026 †x# | BlueVine | 11/12/2025 | $20852 | $21135 | $21060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775295, 40.800%, 11/02/2026 †x | BlueVine | 11/13/2025 | 47176 | 48292 | 47884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775336, 41.400%, 11/02/2026 †x | BlueVine | 11/13/2025 | 59008 | 60405 | 59887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775345, 58.760%, 5/12/2026 †x# | BlueVine | 11/13/2025 | 29156 | 29563 | 29666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775492, 35.640%, 11/12/2026 †x# | BlueVine | 11/14/2025 | 96174 | 98468 | 98052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775635, 50.440%, 5/14/2026 †x# | BlueVine | 11/17/2025 | 34495 | 34989 | 35205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775761, 26.640%, 10/28/2026 †x# | BlueVine | 11/18/2025 | 35075 | 35898 | 35600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775773, 49.560%, 11/18/2026 †x | BlueVine | 11/18/2025 | 79353 | 81322 | 81519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775913, 51.480%, 5/18/2026 †x | BlueVine | 11/19/2025 | 24671 | 25040 | 25087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 775965, 35.640%, 11/23/2026 †x | BlueVine | 11/20/2025 | 19653 | 20132 | 20259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776150, 21.600%, 11/20/2026 †x# | BlueVine | 11/21/2025 | 38485 | 39414 | 39465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776183, 35.640%, 11/12/2026 †x | BlueVine | 11/21/2025 | 78190 | 80089 | 79547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776309, 45.760%, 11/06/2026 †x# | BlueVine | 11/24/2025 | 57145 | 58270 | 58608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776368, 49.400%, 5/22/2026 †x# | BlueVine | 11/25/2025 | 106138 | 107815 | 108146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776471, 78.520%, 5/26/2026 †x | BlueVine | 11/26/2025 | 30170 | 30679 | 30805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776542, 18.576%, 11/16/2026 †x | BlueVine | 11/26/2025 | 53691 | 54992 | 55085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776656, 22.920%, 10/21/2026 †x# | BlueVine | 11/28/2025 | 43994 | 45076 | 45106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776661, 23.160%, 11/13/2026 †x# | BlueVine | 11/28/2025 | 30843 | 31596 | 31571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776807, 35.640%, 11/12/2026 †x# | BlueVine | 12/01/2025 | 60872 | 62381 | 61996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 776869, 57.200%, 5/29/2026 †x# | BlueVine | 12/02/2025 | 41186 | 41896 | 42023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777083, 57.148%, 6/01/2026 †x | BlueVine | 12/03/2025 | 22943 | 23347 | 23482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777176, 29.280%, 11/27/2026 †x# | BlueVine | 12/04/2025 | 38374 | 39345 | 39136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777377, 22.200%, 12/01/2026 †x | BlueVine | 12/05/2025 | 67858 | 69616 | 68897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777611, 19.692%, 11/30/2026 †x# | BlueVine | 12/09/2025 | 105825 | 108518 | 108302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777613, 40.800%, 11/20/2026 †x# | BlueVine | 12/09/2025 | 33416 | 34273 | 34128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777657, 37.200%, 11/27/2026 †x# | BlueVine | 12/09/2025 | 34308 | 35193 | 34951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777699, 22.360%, 6/08/2026 †x | BlueVine | 12/10/2025 | 44287 | 45092 | 45191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777777, 22.920%, 12/14/2026 †x | BlueVine | 12/10/2025 | 64403 | 66072 | 66298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777895, 22.920%, 12/08/2026 †x | BlueVine | 12/10/2025 | 76382 | 78351 | 78322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777932, 21.840%, 6/09/2026 †x# | BlueVine | 12/11/2025 | 34552 | 35186 | 35532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 777989, 29.280%, 12/01/2026 †x | BlueVine | 12/11/2025 | 20988 | 21549 | 21412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 778009, 37.908%, 12/14/2026 †x | BlueVine | 12/11/2025 | 42907 | 44048 | 44101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 778100, 22.200%, 12/01/2026 †x | BlueVine | 12/12/2025 | 21206 | 21765 | 21657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 778105, 36.920%, 6/10/2026 †x# | BlueVine | 12/12/2025 | 44589 | 45428 | 45735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7XMHW824, 13.000%, 10/01/2026 †‡§#Σ | Unchained | 10/08/2025 | 226942 | 226942 | 228240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 811U389N, 13.000%, 7/09/2026 †‡§#Σ | Unchained | 7/16/2025 | 250000 | 250000 | 250910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 815PC6X1, 12.000%, 2/20/2027 †‡Σ | Unchained | 2/26/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 82TTWXLW, 14.000%, 3/05/2026 †‡§#Σ | Unchained | 3/11/2025 | 5100000 | 5100000 | 5103608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8K4EH3L2, 14.000%, 4/11/2026 †‡§#Σ | Unchained | 4/21/2025 | 265000 | 265000 | 265700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8LJT8J1T, 13.000%, 7/12/2026 †‡§#Σ | Unchained | 7/21/2025 | 239566 | 239566 | 240457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8PQC531C, 13.000%, 5/31/2026 †‡§#Σ | Unchained | 6/06/2025 | 299985 | 299985 | 300768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8TFMQRC7, 14.000%, 3/15/2026 †‡§#Σ | Unchained | 3/25/2025 | 250000 | 250000 | 250312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8TR912DK, 13.000%, 6/18/2026 †‡§#Σ | Unchained | 6/24/2025 | 300000 | 300000 | 300930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 971RP2DB, 14.000%, 3/29/2026 †‡§#Σ | Unchained | 4/07/2025 | 68799 | 68799 | 68932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 991LLWRW, 13.000%, 7/16/2026 †‡§#Σ | Unchained | 7/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9ET2WP1F, 12.000%, 2/14/2027 †‡§Σ | Unchained | 2/20/2026 | 250000 | 250000 | 250000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9HDPCCHY, 13.000%, 7/09/2026 †‡§#Σ | Unchained | 7/16/2025 | 150000 | 150000 | 150546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9L41WB48, 13.000%, 6/04/2026 †‡§#Σ | Unchained | 6/11/2025 | 150000 | 150000 | 150408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9TUD7A5X, 14.000%, 3/28/2026 †‡§#Σ | Unchained | 4/03/2025 | 245999 | 245999 | 246463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9W5PEWYD, 13.000%, 5/14/2026 †‡§Σ | Unchained | 5/20/2025 | 130653 | 130653 | 130940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9YJ7CR7C, 12.000%, 1/31/2027 †‡§Σ | Unchained | 2/09/2026 | 197567 | 197567 | 197567 |
| &nbsp;&nbsp;&nbsp;&nbsp; A4CJX43U, 12.000%, 2/21/2027 †‡Σ | Unchained | 2/27/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp; A5JR9YR7, 12.000%, 2/07/2027 †‡§Σ | Unchained | 2/13/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp; AXAE25DL, 13.000%, 10/11/2026 †‡§Σ | Unchained | 10/17/2025 | 489210 | 489210 | 492142 |
| &nbsp;&nbsp;&nbsp;&nbsp; B1TP78N3, 13.000%, 9/20/2026 †‡§#Σ | Unchained | 9/26/2025 | 341719 | 341719 | 343591 |
| &nbsp;&nbsp;&nbsp;&nbsp; BDWJ2MW3, 14.000%, 3/05/2026 †‡§#Σ | Unchained | 3/11/2025 | 3000000 | 3000000 | 3002123 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**326** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.58% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; BLR5RXY8, 13.000%, 5/16/2026 †‡§#Σ | Unchained | 5/23/2025 | $95000 | $95000 | $95214 |
| &nbsp;&nbsp;&nbsp;&nbsp; BRBCU7EK, 12.000%, 1/07/2027 †‡§#Σ | Unchained | 1/13/2026 | 706421 | 706421 | 706421 |
| &nbsp;&nbsp;&nbsp;&nbsp; BY5Q7PTM, 12.000%, 2/14/2027 †‡§Σ | Unchained | 2/23/2026 | 154646 | 154646 | 154646 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNMJ9W9A, 12.000%, 2/21/2027 †‡Σ | Unchained | 2/27/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DF179YBF, 13.000%, 6/07/2026 †‡§Σ | Unchained | 6/13/2025 | 169003 | 169003 | 169476 |
| &nbsp;&nbsp;&nbsp;&nbsp; DLPLMY1U, 13.000%, 5/24/2026 †‡§#Σ | Unchained | 5/30/2025 | 300000 | 300000 | 300727 |
| &nbsp;&nbsp;&nbsp;&nbsp; DX32AN2T, 13.000%, 7/25/2026 †‡§Σ | Unchained | 7/31/2025 | 624000 | 624000 | 626499 |
| &nbsp;&nbsp;&nbsp;&nbsp; DY6FM1LX, 13.000%, 7/11/2026 †‡§#Σ | Unchained | 7/17/2025 | 121500 | 121500 | 121949 |
| &nbsp;&nbsp;&nbsp;&nbsp; EBQFLEQB, 13.000%, 8/08/2026 †‡§Σ | Unchained | 8/18/2025 | 104477 | 104477 | 104935 |
| &nbsp;&nbsp;&nbsp;&nbsp; ED9D2KYQ, 13.000%, 5/14/2026 †‡§#Σ | Unchained | 5/20/2025 | 340000 | 340000 | 340748 |
| &nbsp;&nbsp;&nbsp;&nbsp; EDQAEA3L, 13.000%, 9/17/2026 †‡§#Σ | Unchained | 9/23/2025 | 275000 | 275000 | 276484 |
| &nbsp;&nbsp;&nbsp;&nbsp; EQCYA87Y, 13.000%, 5/16/2026 †‡§#Σ | Unchained | 5/22/2025 | 1250482 | 1250482 | 1253302 |
| &nbsp;&nbsp;&nbsp;&nbsp; F16MXB6U, 13.000%, 8/01/2026 †‡§#Σ | Unchained | 8/07/2025 | 400000 | 400000 | 401678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FE7NP7HE, 13.000%, 5/08/2026 †‡§#Σ | Unchained | 5/16/2025 | 517123 | 517123 | 518178 |
| &nbsp;&nbsp;&nbsp;&nbsp; FFLK6PA1, 13.000%, 5/03/2026 †‡§#Σ | Unchained | 9/03/2025 | 320000 | 320000 | 320609 |
| &nbsp;&nbsp;&nbsp;&nbsp; FQL3T8D5, 13.000%, 5/17/2026 †‡§Σ | Unchained | 5/23/2025 | 504270 | 504270 | 505421 |
| &nbsp;&nbsp;&nbsp;&nbsp; FRM9PLDA, 13.000%, 8/30/2026 †‡§#Σ | Unchained | 9/05/2025 | 41896 | 41896 | 42102 |
| &nbsp;&nbsp;&nbsp;&nbsp; H4LPB7CM, 13.000%, 8/23/2026 †‡§#Σ | Unchained | 9/02/2025 | 1500000 | 1500000 | 1507077 |
| &nbsp;&nbsp;&nbsp;&nbsp; H7YK72X4, 12.000%, 1/17/2027 †‡§#Σ | Unchained | 1/23/2026 | 154822 | 154822 | 154822 |
| &nbsp;&nbsp;&nbsp;&nbsp; HAEFJTTH, 13.000%, 6/27/2026 †‡§Σ | Unchained | 7/07/2025 | 150000 | 150000 | 150497 |
| &nbsp;&nbsp;&nbsp;&nbsp; J87E7781, 14.000%, 3/20/2026 †‡§#Σ | Unchained | 3/26/2025 | 2000000 | 2000000 | 2003039 |
| &nbsp;&nbsp;&nbsp;&nbsp; JAFD4BT2, 13.000%, 10/18/2026 †‡§#Σ | Unchained | 10/24/2025 | 266138 | 266138 | 267784 |
| &nbsp;&nbsp;&nbsp;&nbsp; JLXPN5W5, 13.000%, 6/13/2026 †‡§#Σ | Unchained | 6/20/2025 | 150000 | 150000 | 150445 |
| &nbsp;&nbsp;&nbsp;&nbsp; KDHJB3BJ, 13.000%, 7/11/2026 †‡§#Σ | Unchained | 7/17/2025 | 373864 | 373864 | 375245 |
| &nbsp;&nbsp;&nbsp;&nbsp; LBRCDPW4, 13.000%, 10/04/2026 †‡§#Σ | Unchained | 10/10/2025 | 154764 | 154764 | 155662 |
| &nbsp;&nbsp;&nbsp;&nbsp; LH68X8KY, 13.000%, 6/12/2026 †‡§Σ | Unchained | 6/18/2025 | 125000 | 125000 | 125367 |
| &nbsp;&nbsp;&nbsp;&nbsp; LJ7N1TF6, 14.000%, 4/19/2026 †‡§#Σ | Unchained | 4/28/2025 | 43636 | 43636 | 43770 |
| &nbsp;&nbsp;&nbsp;&nbsp; LPUU6EX5, 14.000%, 3/28/2026 †‡§#Σ | Unchained | 4/04/2025 | 150000 | 150000 | 150283 |
| &nbsp;&nbsp;&nbsp;&nbsp; LY7FNKEF, 12.000%, 11/29/2026 †‡§#Σ | Unchained | 12/05/2025 | 9000000 | 9000000 | 9000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; M17XK9T6, 12.000%, 1/08/2027 †‡§#Σ | Unchained | 1/14/2026 | 1300000 | 1300000 | 1300000 |
| &nbsp;&nbsp;&nbsp;&nbsp; M7X5T44T, 12.000%, 2/07/2027 †‡§Σ | Unchained | 2/13/2026 | 6600000 | 6600000 | 6600000 |
| &nbsp;&nbsp;&nbsp;&nbsp; MNTE2HMJ, 13.000%, 6/26/2026 †‡§Σ | Unchained | 7/03/2025 | 175000 | 175000 | 175575 |
| &nbsp;&nbsp;&nbsp;&nbsp; N5UXBHN6, 13.000%, 6/21/2026 †‡§#Σ | Unchained | 6/27/2025 | 225000 | 225000 | 225716 |
| &nbsp;&nbsp;&nbsp;&nbsp; N7FYQ3AC, 13.000%, 10/25/2026 †‡§#Σ | Unchained | 10/31/2025 | 2064300 | 2064300 | 2077270 |
| &nbsp;&nbsp;&nbsp;&nbsp; NMCWCFLT, 13.000%, 7/24/2026 †‡§Σ | Unchained | 7/31/2025 | 230116 | 230116 | 231031 |
| &nbsp;&nbsp;&nbsp;&nbsp; NT21NY9C, 12.000%, 2/07/2027 †‡§Σ | Unchained | 2/13/2026 | 185505 | 185505 | 185505 |
| &nbsp;&nbsp;&nbsp;&nbsp; P49CR5FB, 13.000%, 5/03/2026 †‡§#Σ | Unchained | 5/12/2025 | 598000 | 598000 | 599138 |
| &nbsp;&nbsp;&nbsp;&nbsp; PERK6QB2, 12.000%, 2/06/2027 †‡§Σ | Unchained | 2/12/2026 | 150000 | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp; PQA85XXQ, 13.000%, 7/11/2026 †‡§#Σ | Unchained | 7/17/2025 | 150000 | 150000 | 150554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Q221DYB5, 13.000%, 6/05/2026 †‡§#Σ | Unchained | 6/12/2025 | 177938 | 177938 | 178427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Q477BQHD, 13.000%, 9/06/2026 †‡§Σ | Unchained | 9/12/2025 | 289136 | 289136 | 290610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Q5XTB2CA, 13.000%, 10/25/2026 †‡§Σ | Unchained | 10/31/2025 | 547000 | 547000 | 550437 |
| &nbsp;&nbsp;&nbsp;&nbsp; QCX3DYFY, 13.000%, 7/10/2026 †‡§#Σ | Unchained | 7/17/2025 | 150000 | 150000 | 150550 |
| &nbsp;&nbsp;&nbsp;&nbsp; QER28CJR, 12.000%, 1/31/2027 †‡§Σ | Unchained | 2/09/2026 | 361115 | 361115 | 361115 |
| &nbsp;&nbsp;&nbsp;&nbsp; R5RX7EN6, 13.000%, 6/05/2026 †‡§#Σ | Unchained | 6/11/2025 | 150000 | 150000 | 150412 |
| &nbsp;&nbsp;&nbsp;&nbsp; T76RJR6L, 13.000%, 9/20/2026 †‡§Σ | Unchained | 9/26/2025 | 102483 | 102483 | 103044 |
| &nbsp;&nbsp;&nbsp;&nbsp; T9EE7852, 13.000%, 5/02/2026 †‡§#Σ | Unchained | 5/08/2025 | 1611396 | 1611396 | 1614419 |
| &nbsp;&nbsp;&nbsp;&nbsp; TKEU5PPC, 13.000%, 6/07/2026 †‡§#Σ | Unchained | 6/13/2025 | 450000 | 450000 | 451261 |
| &nbsp;&nbsp;&nbsp;&nbsp; UC8M2769, 13.000%, 9/18/2026 †‡§Σ | Unchained | 9/24/2025 | 1859051 | 1859051 | 1869136 |
| &nbsp;&nbsp;&nbsp;&nbsp; UDBU9HNB, 13.000%, 5/24/2026 †‡§#Σ | Unchained | 5/30/2025 | 300000 | 300000 | 300727 |
| &nbsp;&nbsp;&nbsp;&nbsp; ULFF35TC, 14.000%, 3/21/2026 †‡§#Σ | Unchained | 3/28/2025 | 2113479 | 2113479 | 2116805 |
| &nbsp;&nbsp;&nbsp;&nbsp; UM742WCA, 12.000%, 2/06/2027 †‡§Σ | Unchained | 2/12/2026 | 175000 | 175000 | 175000 |
| &nbsp;&nbsp;&nbsp;&nbsp; W37AB26H, 13.000%, 7/18/2026 †‡§#Σ | Unchained | 7/25/2025 | 423500 | 423500 | 425144 |
| &nbsp;&nbsp;&nbsp;&nbsp; WB1NCP3J, 13.000%, 5/14/2026 †‡§#Σ | Unchained | 5/20/2025 | 193098 | 193098 | 193523 |
| &nbsp;&nbsp;&nbsp;&nbsp; WBLN3NEM, 12.000%, 1/17/2027 †‡§Σ | Unchained | 1/23/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95192 |
| &nbsp;&nbsp;&nbsp;&nbsp; WHK6226E, 13.000%, 9/19/2026 †‡§#Σ | Unchained | 9/25/2025 | 150000 | 150000 | 150818 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**327** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR<br>VALUE** |
| **United States - 7.58% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; WYQACY5Q, 13.000%, 6/01/2026 †‡§#Σ | Unchained | 6/09/2025 | $384761 | $384761 | $385777 |
| &nbsp;&nbsp;&nbsp;&nbsp; X11CL8AJ, 12.000%, 2/14/2027 †‡§Σ | Unchained | 2/23/2026 | 1800000 | 1800000 | 1800000 |
| &nbsp;&nbsp;&nbsp;&nbsp; X15FN21T, 12.000%, 1/07/2027 †‡§#Σ | Unchained | 1/13/2026 | 200000 | 200000 | 200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; X1QK5D6R, 13.000%, 7/05/2026 †‡§#Σ | Unchained | 7/14/2025 | 738269 | 738269 | 740874 |
| &nbsp;&nbsp;&nbsp;&nbsp; X8EQXEK2, 13.000%, 8/30/2026 †‡§#Σ | Unchained | 9/05/2025 | 4000000 | 4000000 | 4019632 |
| &nbsp;&nbsp;&nbsp;&nbsp; XCEFMK7A, 13.000%, 6/18/2026 †‡§Σ | Unchained | 6/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77005 |
| &nbsp;&nbsp;&nbsp;&nbsp; XCY52B68, 13.000%, 8/09/2026 †‡§Σ | Unchained | 8/15/2025 | 485506 | 485506 | 487648 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPPPR99U, 13.000%, 7/26/2026 †‡§Σ | Unchained | 8/01/2025 | 153156 | 153156 | 153774 |
| &nbsp;&nbsp;&nbsp;&nbsp; XRWJJTTE, 12.000%, 1/07/2027 †‡§#Σ | Unchained | 1/13/2026 | 10000000 | 10000000 | 10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; YU53JRYC, 13.000%, 6/25/2026 †‡§#Σ | Unchained | 7/01/2025 | 500000 | 500000 | 501616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Small Business Loans, 11.440% -<br>88.400% 12/02/2022 - 4/14/2042 †x#^ | BlueVine | 12/26/2019 - 12/12/2025 | 17868116 | 18396165 | 6541890 |
|  **Total Small Business Loans** |  |  |  | **120251785** | **107713439** |
|  **Total Loan Participations** |  |  |  | **309320750** | **207226796** |
|  |  |  | **SHARES** |  |  |
|  **Other - 10.60%** |  |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 10.60%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MDOF Investments II, LLC ‡//•  |  | 1/18/2018 | 36561515 | 16027809 | 21708363 |
| &nbsp;&nbsp;&nbsp;&nbsp; PFMP K1508, LLC ‡//•# |  | 11/16/2018 | 10059203 | 12459203 | 18384552 |
| &nbsp;&nbsp;&nbsp;&nbsp; PFMP K1512, LLC ‡//•# |  | 7/25/2019 | 9406640 | 11806640 | 19030300 |
| &nbsp;&nbsp;&nbsp;&nbsp; PFMP KF61, LLC ‡//•  |  | 5/16/2019 | 10000000 | 4408268 | 4316140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unison Midgard Fund LP ‡//ƒ# |  | 4/11/2019 | 382219 | 40595066 | 87222436 |
|  **Total Other** |  |  |  | **85296986** | **150661791** |
|  **TOTAL OTHER LOAN INVESTMENTS** | **TOTAL OTHER LOAN INVESTMENTS** |  |  | **394617736** | **357888587** |
|  **ASSET-BACKED SECURITIES - 13.19%** | **ASSET-BACKED SECURITIES - 13.19%** | **ASSET-BACKED SECURITIES - 13.19%** |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 13.19%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ACHV ABS TRUST 2024-2PL CERT<br>10/27/2031 x//÷ |  | 8/28/2024 | 5083 | 1685 | 821327 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACHV ABS TRUST 2025-1PL CERT<br>4/26/2032 x//÷ |  | 3/12/2025 | 19350 | 1467949 | 3782315 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACHM Trust 2025-HE3 XS11/25/2055 x//÷ |  | 12/08/2025 | 58548075 | 5818519 | 5640072 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACHM Trust 2025-HE3 G 11/25/2055 x//÷ |  | 12/08/2025 | 605585 | 12287 | 2417 |
| &nbsp;&nbsp;&nbsp;&nbsp; AFFIRM ASSET SEC TR 2024-X1 CERT<br>5/15/2029 x//÷ |  | 5/02/2024 | 9072 |  | 45200 |
| &nbsp;&nbsp;&nbsp;&nbsp; AFFIRM ASSET SEC TR 2025-X1 CERT<br>4/15/2030 x//÷ |  | 5/02/2025 | 60000 | 237856 | 1369661 |
| &nbsp;&nbsp;&nbsp;&nbsp; AFFIRM ASSET SEC TR 2025-X2 CERT<br>10/15/2030 x//÷ |  | 11/05/2025 | 34715 | 3355994 | 2641091 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-1HS CERT 9/15/2037 x//÷ |  | 9/11/2025 | 39261 | 5590600 | 5987944 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2024-B CERT 12/15/2034 x//÷ |  | 12/06/2024 | 11935 | 467447 | 2222913 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-A CERT 1/15/2035 x//÷ |  | 1/16/2025 | 1830 | 213177 | 184671 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-B CERT 2/15/2025 x//÷ |  | 2/18/2025 | 1766 | 138041 | 242250 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-C CERT 3/15/2035 x//÷ |  | 3/14/2025 | 2002 | 84391 | 166315 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-D CERT 4/15/2035 x//÷ |  | 4/16/2025 | 33106 | 2668076 | 5044087 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-E CERT 6/15/2035 x//÷ |  | 6/12/2025 | 36046 | 5260482 | 8213920 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-F CERT 8/15/2035 x//÷ |  | 8/14/2025 | 40475 | 6214960 | 8146448 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-G CERT 9/15/2035 x//÷ |  | 9/17/2025 | 10792 | 1990849 | 1780532 |
| &nbsp;&nbsp;&nbsp;&nbsp; BEAST 2025-H CERT 11/15/2035 x//÷ |  | 11/13/2025 | 5034 | 708246 | 872606 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2016-B CERT 10/25/2040 x//&# |  | 10/20/2016 | 100000 | 3084075 | 1851762 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2017-AGS R CERT 5/25/2041 x//&# |  | 6/07/2017 | 100000 | 3572005 | 2217759 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2017-BGS R CERT 9/25/2042 x//&# |  | 10/25/2017 | 100000 | 4606914 | 2340258 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2018-AGS R CERT 2/25/2044 x//&# |  | 3/14/2018 | 100000 | 4930591 | 2339178 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2018-BGS R CERT 9/25/2045 x//&# |  | 8/01/2018 | 100000 | 5001483 | 2342713 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**328** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORIGINAL<br>ACQUISITION DATE** | **SHARES** | **COST** | **FAIR<br>VALUE** |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 13.19% (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2018-CGS R CERT 2/25/2046 x//&# | 12/12/2018 | 100000 | $7352263 | $3840206 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2019-AGS R CERT 1/25/2047 x//&# | 10/29/2019 | 100000 | 4513919 | 2313639 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBSLT 2020-AGS R CERT 08/25/2050 x//& | 6/08/2020 | 100000 | 4614191 | 3397326 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2025-P8 7/16/2040 x//÷ | 5/27/2025 | 323400 | 8004329 | 8288546 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2025-P9 8/15/2040 x//÷ | 6/23/2025 | 547500 | 11312396 | 11074917 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2025-P10 9/17/2040 x//÷ | 7/21/2025 | 697200 | 13288326 | 11675883 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2025-P12 10/15/2040 x//÷ | 8/22/2025 | 687300 | 11821764 | 10587462 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2025-P13 10/15/2040 x//÷ | 9/09/2025 | 645235 | 11192930 | 9739906 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2025-P15 12/17/2040 x//÷ | 10/21/2025 | 491647 | 8887210 | 8551889 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2025-P17 1/15/2041 x//÷ | 12/12/2025 | 333333 | 6003912 | 5700123 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2026-P2 3/15/2041 x//÷ | 1/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328000 | 4881504 | 4959902 |
| &nbsp;&nbsp;&nbsp;&nbsp; LendingClub Structured Loan Certificate Issuer<br>Trust Series 2026-P3 4/15/2041 x//÷ | 2/23/2026 | 350000 | 5345650 | 5345650 |
| &nbsp;&nbsp;&nbsp;&nbsp; PAR 2025-1 Issuer Trust 6/15/2032 x//÷ | 9/02/2025 | 6869357 | 6750001 | 6764977 |
| &nbsp;&nbsp;&nbsp;&nbsp; PAR 2026-1B Issuer Trust 12/15/2032 x//÷ | 2/20/2026 | 3750000 | 3749910 | 3750708 |
| &nbsp;&nbsp;&nbsp;&nbsp; PAR 2026-1 Issuer Trust 12/15/2032 x//÷ | 2/20/2026 | 9698106 | 9974262 | 9978254 |
| &nbsp;&nbsp;&nbsp;&nbsp; PROSPER MARKETPLACE ISS 2023-1 D<br>7/16/2029 x//÷ | 9/22/2023 | 700000 | 699896 | 710184 |
| &nbsp;&nbsp;&nbsp;&nbsp; UPGRADE 2025-2 Mtge 2025-ST2<br>6/15/2032 x//÷ | 4/24/2025 | 9807000 | 7126812 | 5591672 |
| &nbsp;&nbsp;&nbsp;&nbsp; UPGRADE 2025-4 Mtge 2025-ST4<br>8/16/2032 x//÷ | 6/27/2025 | 5461000 | 4149144 | 3238531 |
| &nbsp;&nbsp;&nbsp;&nbsp; UPGRADE 2025-7 Mtge 2025-ST7<br>11/15/2032 x//÷ | 10/16/2025 | 11200000 | 10199632 | 8704111 |
| &nbsp;&nbsp;&nbsp;&nbsp; UPGRADE 2025-8 Mtge 2025-ST8<br>12/15/2033 x//÷ | 11/18/2025 | 6000000 | 5558529 | 4986642 |
|  **TOTAL ASSET-BACKED SECURITIES** |  |  | **200852207** | **187455967** |
|  **EQUITY SECURITIES - 1.28%** |  |  |  |  |
|  **Financial Services - 1.28%** |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 1.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Common Stock ‡//# | 3/28/2025 | 2521046 | 1722964 | 2127269 |
| &nbsp;&nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series A Preferred ‡//# | 12/14/2016 | 3129118 | 2389664 | 2640362 |
| &nbsp;&nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series B Preferred ‡//# | 12/07/2016 | 4979900 | 4371356 | 4202060 |
| &nbsp;&nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series B-2 Preferred ‡//# | 10/16/2020 | 1111976 | 1000000 | 938290 |
| &nbsp;&nbsp;&nbsp;&nbsp; ApplePie Capital, Inc. Series Seed<br>Preferred ‡//# | 12/14/2016 | 555556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Upgrade, Inc. Series C ‡//# | 8/25/2021 | 1111112 | 3500003 | 5222226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Upgrade, Inc. Series E ‡//# | 7/29/2021 | 512088 | 1649999 | 2406814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Upgrade, Inc. Series F ‡//# | 11/22/2021 | 53226 | 299995 | 250162 |
|  **TOTAL EQUITY SECURITIES** |  |  | **15358251** | **18255963** |
|  |  | **PRINCIPAL<br>AMOUNT** |  |  |
|  **LOAN NOTES - 5.28%** |  |  |  |  |
|  **Financial Services - 5.28%** |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 5.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Prosper Marketplace, Inc. - SOFR+7.00%, 11/18/2030 ‡// | 11/14/2025 | $75000000 | 75000000 | 75000000 |
|  **TOTAL LOAN NOTES** |  |  | **75000000** | **75000000** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**329** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | |
|:---|:---|:---|:---|
|  | **SHARES** | **COST** | **FAIR<br>VALUE** |
|  **SHORT-TERM INVESTMENTS - 10.59%** |  |  |  |
|  **Cash and Cash Equivalents - 10.59%** |  |  |  |
|  **Money Market Funds - 5.74%** |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 5.74%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments Trust - Invesco Treasury Portfolio - Institutional Class - 3.57% ~ | 81540397 | $81540397 | $81540397 |
|  **Total Money Market Funds** |  | **81540397** | **81540397** |
|  | **PRINCIPAL<br>AMOUNT** |  |  |
|  **U.S. Treasury Bill - 4.85%** |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**United States - 4.85%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; United States Treasury Bill - 1.20%, 3/3/2026 ![LOGO](g111947g23a01.jpg)  | $69000000 | 68985643 | 68993121 |
|  **Total U.S. Treasury Bills** |  | **68985643** | **68993121** |
|  **TOTAL SHORT-TERM INVESTMENTS** |  | **150526040** | **150533518** |
|  **TOTAL INVESTMENTS - 150.71%** |  | **2418149348** | **2141625018** |
|  **LIABILITIES IN EXCESS OF OTHER ASSETS - (50.71)%** |  |  | **(720631699)** |
|  **TOTAL NET ASSETS - 100.00%** |  |  | $**1420993319** |

---

Percentages are stated as a percent of net assets.

Principal amounts are stated in U.S. Dollars unless otherwise stated.

SOFR - Secured Overnight Financing Rate.

The Consolidated Summary Schedule of Investments lists individually all investments with a market value greater than $20,000.

† Security may be deemed restricted to resale to institutional investors. The aggregate value of these securities is
$1,559,717,779 which represents 109.76% of net assets.

§ Pledged security or includes pledged securities used as collateral for the Fund's financing facilities. (See Note 9).

‡ Security is fair valued by the Adviser pursuant to procedures approved by the Board of Trustees. The aggregate value of
these securities is $335,737,191 which represents 23.63% of net assets. Value is determined using significant unobservable inputs.

× Security is fair valued by a third-party valuation specialist pursuant to procedures approved by the Board of Trustees. Value is determined using significant unobservable inputs.

¶ Rate of return to the Fund is implied based on an 18-month final maturity.

¥ Rate of return to the Fund is implied based on an 9-month final maturity.

---

| | |
|:---|:---|
| // | Security is restricted to resale to institutional investors. The aggregate value of these securities is $431,373,721 which represents 30.36% of net assets.  |

---

& Underlying holdings are student loans.

÷ Underlying holdings are consumer loans.

• Underlying holdings are multi-family residential property loans.

ƒ Underlying holdings are appreciation interests in single family homes.

# Non-income producing security or includes non-income producing securities.

---

| | |
|:---|:---|
| ^ | Delinquent or defaulted loans or includes delinquent or defaulted loans that have matured but are still in repayment process. The aggregate value of these securities is $13,690,596 which represents 0.96% of net assets.  |

---

¡ Loan made to professional athlete and references expected maturity date.

Σ Loan collateralized by Bitcoin.

~ Rate shown is 7-day effective yield.

« Rate shown is the yield to maturity. The calculation assumes the security is held to maturity.

---

| | |
|:---|:---|
| ![LOGO](g111947g23a01.jpg) | Rate shown is the effective yield as of February 28, 2026. The calculation assumes the security is held to maturity.  |

---

◇ Pledged security or includes pledged securities as collateral for the Fund's reverse repurchase agreements.

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**330** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

**Open Risk Share Contracts** 

**Description: Consumer Loans - United States** 

**Type: Receive** 

**Strike: Actual losses greater than expected losses** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **REFERENCE ENTITY<br>INVESTMENT** | **REFERENCE ENTITY<br>VINTAGE** | **REFERENCE ENTITY<br>INTEREST RATE<br>RANGE** | **REFERENCE ENTITY<br>MATURITY DATE<br>RANGE** | **TERMINATION<br>DATE** | **NOTIONAL<br>VALUE** | **UNREALIZED<br>APPRECIATION/<br>(DEPRECIATION)** |
| contract 037 (1)(2)(3)(4) D | September 1, 2024 - September 30, 2024 | 6.000% - 32.390% | September 3, 2027 -<br>July 19, 2030 | 3/31/2026 | $11694586 | $— |
| contract 038 (1)(2)(3)(4) E | July 1, 2024 - September 30, 2024 | 7.220% - 17.580% | July 3, 2027 -<br>October 24, 2029 | 9/30/2027 | 16670230 | 470196 |
| contract 039 (1)(2)(3) F | July 1, 2024 - September 30, 2024 | 8.250% - 26.400% | August 6, 2026 -<br>August 17, 2030 | 9/30/2027 | 8612128 | 458852 |
| contract 041 (1)(2)(3)(4) D | October 1, 2024 - October 31, 2024 | 6.000% - 32.390% | October 1, 2027 -<br>August 15, 2030 | 4/30/2026 | 12733336 | 607008 |
| contract 042 (1)(2)(3)(4) D | November 1, 2024 - November 30, 2024 | 6.000% - 32.390% | November 20, 2027 -<br>October 1, 2030 | 5/30/2026 | 16029481 | 714 |
| contract 043 (1)(2)(3)(4) D | December 1, 2024 - December 31, 2024 | 6.000% - 32.390% | December 16, 2027 -<br>October 24, 2030 | 6/30/2026 | 12040757 | 352221 |
| contract 044 (1)(2)(3)(4) E | October 1, 2024 - December 31, 2024 | 7.510% - 18.070% | September 27, 2027 -<br>December 25, 2029 | 12/31/2027 | 27574361 | 501633 |
| contract 045 (1)(2)(3) F | October 1, 2024 - December 31, 2024 | 7.990% - 25.480% | November 20, 2026 -<br>November 26, 2030 | 12/31/2027 | 9163969 | 150831 |
| contract 046 (1)(2)(3)(4) D | January 1, 2025 - January 31, 2025 | 8.590% - 32.390% | January 27, 2028 -<br>December 4, 2030 | 7/31/2026 | 14272781 | 474184 |
| contract 047 (1)(2)(3)(4) D | February 1, 2025 - February 28, 2025 | 6.000% - 32.390% | February 3, 2028 -<br>December 3, 2030 | 8/30/2026 | 12202187 | 313757 |
| contract 048 (1)(2)(3) F | January 1, 2025 - March 31, 2025 | 8.000% - 23.700% | January 22, 2027 -<br>February 26, 2031 | 3/31/2028 | 14270877 | 277165 |
| contract 049 (1)(2)(3)(4) E | January 1, 2025 - March 31, 2025 | 6.730% - 17.580% | January 6, 2028 -<br>March 31, 2030 | 3/31/2028 | 13814699 | 94156 |
| contract 051 (1)(2)(3)(4) D | April 1, 2025 - April 30, 2025 | 9.740% - 32.390% | April 1, 2028 -<br>September 16, 2030 | 10/31/2026 | 3464178 | 93534 |
| contract 052 (1)(2)(3)(4) D | May 1, 2025 - May 31, 2025 | 6.000% - 32.600% | May 1, 2028 -<br>March 19, 2031 | 11/30/2026 | 23674392 | 637487 |
| contract 053 (1)(2)(3)(4) D | June 1, 2025 - June 30, 2025 | 6.000% - 32.390% | June 2, 2028 -<br>April 27, 2031 | 6/30/2027 | 50456879 | 500707 |
| contract 054 (1)(2)(3) F | April 1, 2025 - June 30, 2025 | 7.990% - 25.180% | April 4, 2027 -<br>May 24, 2031 | 6/30/2028 | 8440375 | 151979 |
| contract 055 (1)(2)(3) F | July 1, 2025 - July 31, 2025 | 8.000% - 23.740% | July 23, 2027 -<br>August 15, 2030 | 7/31/2028 | 1134614 |  |
| contract 056 (1)(2)(3)(4) D | July 1, 2025 - July 31, 2025 | 6.000% - 32.390% | July 22, 2028 -<br>May 28, 2031 | 7/31/2027 | 27685747 | 211897 |
| contract 057 (1)(2)(3) F | August 1, 2025 - August 31, 2025 | 8.000% - 21.260% | August 20, 2028 -<br>September 15, 2030 | 8/31/2028 | 1993565 | 43031 |
| contract 058 (1)(2)(3)(4) D | August 1, 2025 - August 31, 2025 | 6.000% - 32.390% | August 1, 2028 -<br>June 27, 2031 | 8/31/2027 | 35911714 | 123528 |
| contract 059 (1)(2)(3)(4) E | June 1, 2025 - September 30, 2025 | 5.930% - 19.460% | August 8, 2027 -<br>October 16, 2030 | 9/30/2028 | 35437760 | 607007 |
| contract 060 (1)(2)(3)(4) E | June 1, 2025 - September 30, 2025 | 12.250% - 28.840% | June 10, 2028 -<br>September 1, 2030 | 9/30/2028 | 11817482 | 207440 |
| contract 061 (1)(2)(3)(4) E | June 1, 2025 - September 30, 2025 | 20.380% - 30.380% | June 15, 2028 -<br>October 16, 2030 | 9/30/2028 | 12365059 | 203316 |
| contract 062 (1)(2)(3) F | September 1, 2025 - September 30, 2025 | 8.170% - 22.160% | September 17, 2028 -<br>September 30, 2030 | 9/30/2028 | 1185700 | 27619 |
| contract 063 (1)(2)(3)(4) D | September 1, 2025 - September 30, 2025 | 9.560% - 32.960% | September 16, 2028 -<br>August 1, 2031 | 9/30/2027 | 18843575 | 9281 |
| contract 064 (1)(2)(3)(4) D | October 1, 2025 - October 31, 2025 | 9.070% - 32.390% | October 28, 2028 -<br>March 28, 2031 | 10/31/2027 | 3365276 | (2759) |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements. (Continued)

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**331** 

------

<u>Consolidated Summary Schedule of Investments</u>   <u>As of February 28, 2026</u>

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **REFERENCE ENTITY<br>INVESTMENT** | **REFERENCE ENTITY<br>VINTAGE** | **REFERENCE ENTITY<br>INTEREST RATE<br>RANGE** | **REFERENCE ENTITY<br>MATURITY DATE<br>RANGE** | **TERMINATION<br>DATE** | **NOTIONAL<br>VALUE** | **UNREALIZED<br>APPRECIATION/<br>(DEPRECIATION)** |
| contract 065 (1)(2)(3)(4) E | November 1, 2025 - November 30, 2025 | 9.130% - 32.380% | November 21, 2028 -<br>November 21, 2030 | 11/30/2027 | $691706 | $(2878) |
| contract 067 (1)(2)(3)(4) D | December 1, 2025 - December 31, 2025 | 7.560% - 32.370% | January 1, 2029 -<br>January 15, 2031 | 12/31/2028 | 660715 |  |
| contract 068 (1)(2)(3) F | October 1, 2025 - December 31, 2025 | 6.000% - 30.250% | October 24, 2027 -<br>November 24, 2031 | 12/31/2028 | 51573906 | 645872 |
| contract 069 (1)(2)(3)(4) E | October 1, 2025 - December 31, 2025 | 6.480% - 18.800% | October 19, 2028 -<br>December 7, 2030 | 12/31/2028 | 13156817 | 256544 |
| contract 071 (1)(2)(3)(4) E | October 1, 2025 - December 31, 2025 | 6.000% - 30.740% | October 19, 2028 -<br>January 17, 2031 | 12/31/2028 | 10707599 | 153397 |
| contract 072 (1)(2)(3)(4) E | January 1, 2026 - January 31, 2026 | 6.480% - 19.510% | January 8, 2029 -<br>February 8, 2031 | 1/31/2029 | 21152289 | 284151 |
| contract 074 (1)(2)(3)(4) E | January 1, 2026 - January 31, 2026 | 21.470% - 30.380% | January 4, 2029 -<br>February 16, 2031 | 1/31/2029 | 5801537 | 80247 |
| contract 075 (1)(2)(3)(4) D | January 1, 2026 - January 31, 2026 | 8.720% - 34.790% | January 28, 2029 -<br>January 28, 2031 | 1/31/2028 | 5436970 | (338846) |
| contract 076 (1)(2)(3) G | January 1, 2026 - January 31, 2026 | 6.990% - 24.740% | January 18, 2028 -<br>April 13, 2031 | 1/31/2027 | 1760107 |  |
| contract 077 (1)(2)(3) G | January 1, 2026 - January 31, 2026 | 6.990% - 24.740% | January 18, 2028 -<br>April 13, 2031 | 1/31/2028 | 1760107 |  |
| contract 078 (1)(2)(3) G | January 1, 2026 - January 31, 2026 | 6.990% - 24.740% | January 18, 2028 -<br>April 13, 2031 | 3/31/2030 | 1760107 |  |
|  **Total Open Risk Share Contracts - Consumer Loans** | **Total Open Risk Share Contracts - Consumer Loans** |  |  |  |  | **7593271** |
|  **Description: Asset-Backed Securities - United States** | **Description: Asset-Backed Securities - United States** | **Description: Asset-Backed Securities - United States** |  |  |  |  |
|  **Type: Receive** |  |  |  |  |  |  |
|  **Strike: Actual losses greater than expected losses** | **Strike: Actual losses greater than expected losses** | **Strike: Actual losses greater than expected losses** |  |  |  |  |
| contract 066 (1)(2)(3) F | September 1, 2025 - November 30, 2025 | 0.000% - 0.000% | June 15, 2032 -<br>June 15, 2032 | 10/31/2028 | 6869357 | 316933 |
|  **Total Open Risk Share Contracts - Asset-Backed Securities** | **Total Open Risk Share Contracts - Asset-Backed Securities** | **Total Open Risk Share Contracts - Asset-Backed Securities** | **Total Open Risk Share Contracts - Asset-Backed Securities** |  |  | **316933** |
|  **Total Open Risk Share Contracts** | **Total Open Risk Share Contracts** | **Total Open Risk Share Contracts** | **Total Open Risk Share Contracts** |  |  | $**7910204** |

---

(1) Contract is non-income producing and is fair valued by a third-party valuation
specialist pursuant to procedures approved by the Board of Trustees. Value is determined using significant unobservable inputs.

(2) Contract is restricted to resale to institutional investors. The aggregate net value of these contracts is $7,910,204
which represents 0.56% of net assets.

(3) If the current expected losses of whole loan vintages are more than initial expected losses, the Fund will receive from
the alternative lending platform an amount equal to such deficit (subject to a Cap.)

(4) If the current expected losses of select whole loan vintages are less than initial expected losses, the Fund must pay the
alternative lending platform an amount equal to such deficit (subject to a Cap.)

**Reverse Repurchase Agreements** 

---

| | | |
|:---|:---|:---|
| **DESCRIPTION** | **PRINCIPAL VALUE** | **AMORTIZED COST** |
|  **REVERSE REPURCHASE AGREEMENTS SOLD** |  |  |
|  Repurchase Agreement with Goldman Sachs, dated 07/10/2025, 5.57%, collateralized by $425,784,372 of Whole Loans, due 09/10/2026 | $290000000 | $290000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL REVERSE REPURCHASE AGREEMENTS SOLD** | $**290000000** | $**290000000** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**332** 

------

<u>Consolidated Statement of Assets and Liabilities</u>   <u>As of February 28, 2026</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
| **ASSETS:** |  |
|  Investments, at fair value<sup>(1)</sup> | $2141625018 |
|  Cash | 1764309 |
|  Foreign currencies, at fair value<sup>(2)</sup> | 14509 |
|  Interest receivable | 23391053 |
|  Collateral receivable | 20000000 |
|  Principal paydowns receivable | 6080501 |
|  Unrealized appreciation on risk share contracts | 8254687 |
|  Receivable for fund shares sold | 25987 |
|  Other assets | 327990 |
| **Total assets** | **2201484054** |
| **LIABILITIES:** |  |
|  Loans payable | $480000000 |
|  Reverse repurchase agreements | 290000000 |
|  Payable to Adviser for advisory fees | 1627075 |
|  Interest payable on reverse repurchase agreement | 1253138 |
|  Interest payable | 912667 |
|  Payable for investment securities purchased | 517587 |
|  Risk share contracts payable | 398146 |
|  Unrealized depreciation on risk share contracts | 344483 |
|  Accrued service fees | 123315 |
|  Accrued distribution and service fees | 54236 |
|  Payable to Trustees | 13505 |
|  Payable for Chief Compliance Officer compensation | 3750 |
|  Other accrued expenses and liabilities | 5242833 |
| **Total liabilities** | **780490735** |
| **Total net assets** | $**1420993319** |
| **NET ASSETS CONSIST OF:** |  |
|  Capital stock | 1449317336 |
|  Accumulated loss | (28324017) |
| **Total net assets** | $**1420993319** |
|  Net assets | $1420993319 |
|  Shares outstanding | 30801011 |
|  Net asset value, offering and redemption price per share | $46.13 |
| (1) Cost of investments | $2418149348 |
| (2) Cost of foreign currencies | $40071 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**333** 

------

<u>Consolidated Statement of Operations</u>   <u>For the Year Ended February 28, 2026</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
| **INVESTMENT INCOME:** |  |
|  Interest income | $348501929 |
|  PIK interest income | 12765220 |
|  Dividend income | 2040188 |
|  Other income | 151000 |
| **Total investment income** | **363458337** |
| **EXPENSES** |  |
|  Interest expense | 42056630 |
|  Loan servicing fees | 27298412 |
|  Advisory fees (See Note 4) | 23659703 |
|  Interest expense on reverse repurchase agreement | 8371872 |
|  Fund accounting and administration fees | 5213922 |
|  Commitment fees (See Note 2) | 3844119 |
|  Distribution and service fees (See Note 5) | 977512 |
|  Service fees (See Note 5) | 977512 |
|  Legal fees | 924670 |
|  Audit and tax related fees | 911176 |
|  Custody fees | 856910 |
|  Trustees fees and expenses | 180814 |
|  Transfer agency fees and expenses | 173157 |
|  Chief Compliance Officer compensation | 61127 |
|  Other expenses | 1626260 |
| **Total net expenses** | **117133796** |
| **Net investment income** | **246324541** |
| **NET REALIZED AND UNREALIZED LOSS:** |  |
| Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (215714252) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | 242207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (220092) |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | 3614371 |
| Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | 36404336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | (9962) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (133591) |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | (981464) |
| **Net realized and unrealized loss** | **(176798447)** |
| **Net increase in net assets resulting from operations** | $**69526094** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**334** 

------

<u>Consolidated Statements of Changes in Net Assets</u>    

---

| | | |
|:---|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
|  | **YEAR ENDED<br>FEBRUARY 28, 2026** | **YEAR ENDED<br>FEBRUARY 28, 2025** |
| **OPERATIONS:** |  |  |
|  Net investment income | $246324541 | $263955475 |
|  Net realized gain (loss) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (215714252) | (292322626) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | 242207 | 499903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (220092) | (931708) |
| &nbsp;&nbsp;&nbsp;&nbsp; Increase in payments from affiliates |  | 50058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | 3614371 | 4722512 |
|  Net change in unrealized appreciation (depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | 36404336 | 82763922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation | (9962) | (236106) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (133591) | 905669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts | (981464) | 267935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase in net assets resulting from operations** | **69526094** | **59675034** |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |
|  Distributions | (67055420) |  |
|  Return of capital distributions |  | (70599986) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total distributions** | **(67055420)** | **(70599986)** |
| **CAPITAL SHARE TRANSACTIONS:** |  |  |
|  Proceeds from shares sold | 71836433 | 219562483 |
|  Proceeds from shares issued to holders in reinvestment of distributions | 14678556 | 18066125 |
|  Cost of shares redeemed | (416798445) | (372429272) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net decrease in net assets from capital share transactions** | **(330283456)** | **(134800664)** |
| **Total decrease in net assets** | **(327812782)** | **(145725616)** |
| **NET ASSETS:** |  |  |
|  Beginning of year | 1748806101 | 1894531717 |
| **End of year** | $**1420993319** | $**1748806101** |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**335** 

------

<u>Consolidated Statement of Cash Flows</u>   <u>For the Year Ended February 28, 2026</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE ALTERNATIVE<br>LENDING RISK PREMIUM FUND** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |
|  Net increase in net assets resulting from operations | $69526094 |
| Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation on investments | (36404336) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized loss on investments | 215714252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized gain on foreign currencies | (232245) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized depreciation on forward currency contracts | 133591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized depreciation on risk share contracts | 981464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization and accretion of premium and discount | 28720102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PIK interest income | (12765220) |
| Changes in assets and liabilities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for investment securities sold | 6423979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal paydowns receivable | 5339297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivable | 3081864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest payable on reverse repurchase agreement | 1253138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts receivable | 822974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for investment securities purchased | 517587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk share contracts payable | 398146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other accrued expenses and liabilities | 283681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid commitment fees | 233099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | 62667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for Chief Compliance Officer compensation | 1127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Trustees | (3586) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued service fees | (7922) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued distribution and service fees | (12530) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral at broker for forward currency contracts | (130000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | (217793) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Adviser for advisory fees | (375898) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest payable | (1685727) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral receivable | (20000000) |
|  Proceeds from principal paydowns and sale of investments | 1846126830 |
|  Purchases of investments | (1692849901) |
|  Net purchases and sales of short-term investments | (39971431) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by operating activities** | **374963303** |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from shares issued | 72418187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from loans payable | 684350000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paydowns on loans payable | (954350000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from reverse repurchase agreements | 290000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash distributions to shareholders | (52376864) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment on shares redeemed | (416798445) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in financing activities** | **(376757122)** |
|  Effect of exchange rate changes on cash | 232245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net decrease in cash and restricted cash** | **(1561574)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and restricted cash, beginning of year | 3325883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash and restricted cash, end of year** | $**1764309** |
| **SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reinvested distributions | $14678556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid for interest on loans outstanding and reverse repurchase agreements | $50861091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments disposed of/received through in-kind transfers (See Note 2) | $5820785 |

---

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**336** 

------

<u>Consolidated Financial Highlights</u>    

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** | **STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** |
|  | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2026** | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2025** | **YEAR<br>ENDED<br>FEBRUARY 29,<br>2024** | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2023** | **YEAR<br>ENDED<br>FEBRUARY 28,<br>2022** |
| **Per Share Data:** |  |  |  |  |  |
|  Net asset value, beginning of period | $46.09 | $46.40 | $48.79 | $51.23 | $57.09 |
| Income from investment operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income<sup>(1)</sup> | 7.19 | 6.81 | 7.13 | 7.41 | 6.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized gains (losses) | (5.16) | (5.27) | (7.60) | (7.31) | 5.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from investment operations | 2.03 | 1.54<sup>(8)</sup> | (0.47) | 0.10<sup>(8)</sup> | 12.42<sup>(8)</sup> |
| Less distributions to shareholders |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from net investment income | (1.99) |  |  | (2.54) | (7.52) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from net realized gains |  |  |  |  | (10.76) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax return of capital distributions |  | (1.85) | (1.92) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total distributions | (1.99) | (1.85) | (1.92) | (2.54) | (18.28) |
|  Net asset value, end of period | $46.13 | $46.09 | $46.40 | $48.79 | $51.23 |
|  Total return<sup>(2)</sup> | 4.52% | 3.40% | (0.99)% | 0.16% | 24.15%<sup>(3)</sup> |
| **Supplemental Data and Ratios:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net assets, end of period (000s) | $1420993 | $1748806 | $1894532 | $2177455 | $2309392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets (before expense reimbursement/recoupment)<sup>(4)(5)</sup> | 7.43% | 6.63% | 6.83% | 5.05% | 4.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of expenses to average net assets (after expense reimbursement/recoupment)<sup>(4)(5)</sup> | 7.43% | 6.63% | 6.83% | 5.06% | 4.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income to average net assets (before expense reimbursement/recoupment)<sup>(4)(6)</sup> | 15.62% | 14.79% | 14.99% | 14.79% | 11.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of net investment income to average net assets (after expense reimbursement/recoupment)<sup>(4)(6)</sup> | 15.62% | 14.79% | 14.99% | 14.78% | 11.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio turnover rate | 52.62% | 59.36% | 53.07% | 58.21% | 77.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior security, end of period (000's) | $480000 | $750000 | $675000 | $880000 | $645000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset coverage, per $1,000 of senior security principal amount<sup>(7)</sup> | $3960 | $3332 | $3807 | $3474 | $4580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset coverage ratio of senior security<sup>(7)</sup> | 396% | 333% | 381% | 347% | 458% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Net investment income per share has been calculated based on average shares outstanding during the period.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Total return represents the rate that an investor would have earned (or lost) on an investment in the Fund during the year (assuming the reinvestment of all distributions).

&nbsp;&nbsp;&nbsp;&nbsp;(3) As a result of equity returns relating to initial public offerings by platforms, the Fund's performance was unusually strong for the period shown and should not be extrapolated for future periods.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Includes borrowing and investment-related expenses not covered by the Fund's expense limitation agreement. (See Note 4).

&nbsp;&nbsp;&nbsp;&nbsp;(5) Does not include underlying funds' expenses.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Does not include underlying funds' net investment income.

&nbsp;&nbsp;&nbsp;&nbsp;(7) Represents value of total assets less all liabilities not represented by senior securities at the end of the period divided by senior security principal outstanding at the end of the period.

&nbsp;&nbsp;&nbsp;&nbsp;(8) Includes increase in payments by affiliates of less than $0.01.

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**337** 

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<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

**1. Organization** 

Stone Ridge Trust V (the "Trust") was organized as a Delaware statutory trust on November 4, 2015, and is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a continuously-offered closed-end management investment company issuing shares.

As of February 28, 2026, the Trust consisted of one series: the Stone Ridge Alternative Lending Risk Premium Fund (the "Fund"). The Fund commenced investment operations on May 23, 2016, and commenced offering its shares publicly on June 1, 2016, following the effectiveness of its registration statement for such shares under the Securities Act of 1933, as amended (the "1933 Act"). The Fund offers one class of shares to investors with no front-end or back-end sales charges, a 0.05% fee paid pursuant to the Distribution and Servicing Plan, a 0.05% fee paid pursuant to the Services Agreement and no repurchase fee. The Trust's Agreement and Declaration of Trust authorizes the issuance of an unlimited number of shares.

The Fund has an interval fund structure pursuant to which the Fund, subject to applicable law, conducts quarterly repurchase offers of the Fund's outstanding shares at net asset value ("NAV") subject to approval of the Board of Trustees (the "Board"). In all cases, such repurchase offers will be for at least 5% and not more than 25% of the Fund's outstanding shares. It is also possible that a repurchase offer may be oversubscribed, with the result that shareholders may only be able to have a portion of their shares repurchased. If the repurchase offer is oversubscribed, the Fund may, in its sole discretion, repurchase an additional number of shares not to exceed 2% of the shares outstanding on the repurchase request deadline. Notwithstanding the foregoing, under certain circumstances, the Fund may, in its discretion, accept shares tendered by shareholders who own fewer than 100 shares and tender all of their shares for repurchase in a repurchase offer. In that case, these shares would be accepted before prorating the shares tendered by other shareholders. In addition, if a repurchase offer is oversubscribed, the Fund may offer to repurchase additional shares in an amount determined by the Board that are tendered by an estate (an "Estate Offer"). If an Estate Offer is oversubscribed, the Fund will repurchase such shares on a pro rata basis. In addition, if a repurchase offer is oversubscribed as described above, the Fund may also offer to repurchase additional shares in an amount determined by the Board that are tendered by (i) a trust that funds a tax-qualified defined benefit plan that has terminated or that the sponsor or governing body of such plan has voted to terminate or (ii) a limited liability company that is owned by one or more such trusts (the "Defined Benefit Plan Offer"). A "tax-qualified defined benefit plan" means a defined benefit plan that is qualified under section 401(a) of the Internal Revenue Code of 1986, as amended (for example, a corporate defined benefit pension plan or a defined benefit Keogh plan). It does not include, among other things, any defined contribution plan, 401(k) plan or individual retirement account (IRA). If the Defined Benefit Plan Offer is oversubscribed, the Fund will repurchase such shares on a pro rata basis. As a result, there can be no assurance that the Fund will be able to repurchase all of the shares tendered in an Estate Offer or a Defined Benefit Plan Offer. If the Fund repurchases any shares pursuant to an Estate Offer or a Defined Benefit Plan Offer, this will not affect the number of shares that it repurchases from other shareholders in the quarterly repurchase offers. The Fund's shares are not listed, and the Fund does not currently intend to list its shares for trading, on any national securities exchange. The shares are, therefore, illiquid. Even though the Fund makes quarterly repurchase offers to repurchase a portion of the shares to try to provide liquidity to shareholders, shareholders should consider the shares to be illiquid. There is not expected to be any secondary trading market in the shares.

The Fund's investment objective is to achieve total return and current income. The Fund pursues its investment objective primarily by buying and selling alternative lending-related securities that generate interest or other streams of payments and that Stone Ridge Asset Management LLC (the "Adviser") believes offer access to the credit risk premium. The "credit risk premium" is positive if interest and other payments paid in connection with a pool of such investments, minus the principal losses actually experienced across that pool, exceed the "risk free" rate (the rate of return that can be earned on high-quality, short-term government debt securities), on average and over time.

The consolidated financial statements include the accounts of Stone Ridge Alternative Lending Risk Premium Fund AU NZ Holdings LLC, Alternative Lending Holdings Trust, Stone Ridge Alternative Lending Risk Premium Fund US Holdings I LLC (and its subsidiaries, Alternative Lending Holdings Trust II and Stone Ridge Alternative Lending Risk Premium Fund US Holdings IV LLC (and its subsidiary, Alternative Lending Holdings Trust VI)), Stone Ridge Alternative Lending Risk Premium Fund US Holdings II LLC (and its subsidiaries, Alternative Lending Holdings Trust III, Stone Ridge Alternative Lending Risk Premium Fund UK Holdings I LLC and Stone Ridge Alternative Lending Risk Premium Fund UK Holdings II LLC),

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**338** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Stone Ridge Alternative Lending Risk Premium Fund US Holdings III LLC (and its subsidiary, Alternative Lending Holdings Trust IV), Stone Ridge Alternative Lending Risk Premium Fund UK Holdings III LLC, Stone Ridge Alternative Lending Risk Premium Fund UK Holdings IV LLC, PRCP- MDOF (SR), LLC, PFMP-SR II, LLC and Platform Loan Holdings LLC (each a "Subsidiary", and together the "Subsidiaries"), each a wholly-owned subsidiary of the Fund. All intercompany accounts and transactions have been eliminated in consolidation. Each Subsidiary acts as an investment vehicle in order to invest in alternative lending instruments consistent with the Fund's investment objectives and policies.

**2. Summary of Significant Accounting Policies** 

The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its consolidated financial statements. The consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP"). The Fund is an investment company and applies specific accounting and financial reporting requirements under Financial Accounting Standards Board Accounting Standards Topic 946, *Financial Services — Investment Companies.*

**(a) Investment Valuation and Fair Value Measurement.**

The Board has approved procedures pursuant to which the Fund values its investments (the "Valuation Procedures"). The Board has established a Valuation Committee (the "Board Valuation Committee"), which has designated the Adviser to serve as valuation designee in accordance with Rule 2a-5 of the 1940 Act and, in that capacity, to bear responsibility for implementing the Valuation Procedures, including performing fair valuation determinations relating to all investments held by the Fund (as needed), periodically assessing and managing any valuation risks and establishing and applying fair value methodologies, subject to the oversight of the Board Valuation Committee and certain reporting and other requirements as described in the Valuation Procedures. A committee consisting of personnel of the Adviser (the "Adviser Valuation Committee") performs certain functions in implementing the Valuation Procedures, including with respect to the performance of fair valuation determinations.

Listed below is a summary of certain of the methods generally used currently to value investments of the Fund under the Valuation Procedures:

The Fund's holdings in whole loans, securitizations and certain other types of alternative lending-related securities are typically fair valued based on prices provided by a third-party pricing service. Each loan and fractional loan is fair valued using inputs that take into account individual borrower-level data (e.g., payment history) that is updated periodically as often as the NAV is calculated to reflect new information regarding the borrower or loan.

Other debt securities, including corporate and government debt securities (of U.S. or foreign issuers) and municipal debt securities, loans, mortgage-backed securities, collateralized mortgage obligations and other asset-backed securities are valued by a third-party pricing service, at an evaluated (or estimated) mean between the closing bid and asked prices.

For investments in investment companies that are registered under the 1940 Act, the value of the shares of such funds is calculated based upon the NAV per share of such funds. The prospectuses for such funds explain the circumstances under which they will use fair value pricing and its effects.

Publicly-traded equity securities are valued at the last sale, official close or if there are no reported sales at the mean between the bid and asked price on the primary exchange on which they are traded. The values of the Fund's investments in publicly -traded foreign equity securities generally will be the closing or final trading prices in the local trading markets but may be adjusted based on values determined by a pricing service using pricing models designed to estimate changes in the values of those securities between the times in which the trading in those securities is substantially completed and the close of the New York Stock Exchange ("NYSE").

Exchange-traded derivatives, such as options and futures contracts, are valued at the settlement price on the exchange or mean of the bid and asked prices.

Non-exchange traded derivatives, including swaps, forwards and over-the-counter ("OTC") options, are generally valued on the basis of valuations provided by a third-party pricing service or using quotes provided by a broker/dealer (typically the counterparty).

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**339** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Generally, the Fund must value its assets using market quotations when they are readily available. If, with respect to any portfolio instrument, market quotations are not readily available or available market quotations are deemed to be unreliable by the Adviser Valuation Committee, then such instruments will be valued as determined in good faith by the Adviser Valuation Committee. In these circumstances, the Fund determines fair value in a manner that seeks to reflect the market value of the security on the valuation date based on consideration by the Adviser Valuation Committee of any information or factors it deems appropriate.

Fair value pricing may require subjective determinations about the value of a portfolio instrument. Fair values may differ from quoted or published prices, or from prices that are used by others, for the same investments. Also, the use of fair value pricing may not always result in adjustments to the prices of securities or other assets or liabilities held by the Fund. It is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of such security. Thus, fair valuation may have an unintended dilutive or accretive effect on the value of shareholders' investments in the Fund.

A substantial portion of the Fund's investments are U.S. dollar denominated investments. Investments initially valued in currencies other than the U.S. dollar are converted to U.S. dollars using exchange rates obtained from third-party pricing services. As a result, the NAV of the Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. International markets are sometimes open on days when U.S. markets are closed, which means that the value of investments owned by the Fund that are traded in markets outside the U.S. or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed, and the NAV of the Fund's shares may change on days when an investor is not able to purchase or sell shares in connection with a periodic repurchase offer. The calculation of the Fund's NAV may not take place contemporaneously with the determination of the prices of foreign securities used in NAV calculations.

The Fund adheres to authoritative fair valuation accounting standards that set out a hierarchy for measuring fair valuation inputs. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period.

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to significant unobservable inputs (Level 3 measurements). Certain measurements of fair value may, in accordance with authoritative accounting standards, be excluded from the fair value hierarchy. The three levels of the fair value hierarchy are as follows:

Level 1 Inputs: quoted prices (unadjusted) in active markets for identical assets or liabilities that the Fund can access at the measurement date;

Level 2 Inputs: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly including inputs in markets that are not considered to be active or in active markets for similar assets or liabilities, observable inputs other than quoted prices and inputs that are not directly observable but are corroborated by observable market data;

Level 3 Inputs: significant unobservable inputs for the asset or liability.

Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes "observable" requires significant judgment by the Adviser. The Adviser considers observable data to be that market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the Adviser's perceived risk of that instrument.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**340** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Transfers between levels are recognized at the end of the reporting period. There were no transfers between levels during the reporting period. The following table summarizes the inputs used to value the Fund's investments as of February 28, 2026. Certain investments in the amount of $150,661,791 are valued using the NAV practical expedient and have been excluded from the below tables.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
|  **Assets** |  |  |  |  |
|  Whole Loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Loans<sup>(1)</sup> | $— | $— | $1290650222 | $1290650222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Business Loans<sup>(1)</sup> |  |  | 61096119 | 61096119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Student Loans<sup>(1)</sup> |  |  | 744642 | 744642 |
|  Total Whole Loans |  |  | 1352490983 | 1352490983 |
| Loan Participations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Loans<sup>(1)</sup> |  |  | 99513357 | 99513357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Business Loans<sup>(1)</sup> |  |  | 107713439 | 107713439 |
|  Total Loan Participations |  |  | 207226796 | 207226796 |
|  Asset-Backed Securities<sup>(1)</sup> |  |  | 187455967 | 187455967 |
|  Equity Securities<sup>(1)</sup> |  |  | 18255963 | 18255963 |
|  Loan Notes<sup>(1)</sup> |  | 75000000 |  | 75000000 |
|  Money Market Funds | 81540397 |  |  | 81540397 |
|  U.S. Treasury Bill |  | 68993121 |  | 68993121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | $**81540397** | $**143993121** | $**1765429709** | $**1990963227** |
|  **Other Financial Instruments<sup>(2)</sup>** |  |  |  |  |
|  Unrealized appreciation on risk share contracts | $— | $— | $8254687 | $8254687 |
|  Unrealized depreciation on risk share contracts |  |  | (344483) | (344483) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Other Financial Instruments** | $**—** | $**—** | $**7910204** | $**7910204** |

---

(1) For further security characteristics, see the Fund's Consolidated Summary Schedule of Investments.

(2) These instruments are reflected as unrealized appreciation (depreciation) on the instrument on the Fund's
Consolidated Statement of Assets and Liabilities.

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of year end, the carrying amount of Loan Notes and loans payable in the amounts of $75,000,000 and $480,000,000 respectively approximates fair value and are categorized as Level 2 within the fair value hierarchy. Reverse repurchase agreements are accounted for at amortized cost, which approximates fair value. Reverse

repurchase agreements are categorized as Level 2 within the fair value hierarchy.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**341** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

Below is a reconciliation that details the activity of securities in Level 3 during the current year ended February 28, 2026:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **WHOLE LOANS** | **WHOLE LOANS** | **WHOLE LOANS** | **WHOLE LOANS** | **LOAN PARTICIPATIONS** | **LOAN PARTICIPATIONS** | | | |
|  | **CONSUMER<br>LOANS** | **HOME<br>EQUITY<br>LOANS** | **SMALL<br>BUSINESS<br>LOANS** | **STUDENT<br>LOANS** | **CONSUMER<br>LOANS** | **SMALL<br>BUSINESS<br>LOANS** | **ASSET-<br>BACKED<br>SECURITIES** | **EQUITY<br>SECURITIES** | **RISK SHARE<br>CONTRACTS** |
|  **Beginning Balance—<br>February 28, 2025** | $1611040020 | $— | $141954085 | $1490163 | $141860044 | $195023690 | $78229960 | $18837082 | $8891668 |
|  Acquisitions | 840449614 | 66939194 | 121600366 |  | 10365091 | 378066026 | 199183452 | 1246158 |  |
|  Dispositions/Paydowns | (998870010) | (69273506) | (188168609) | (643761) | (35691274) | (459471939) | (75565210) |  | (3614371) |
|  PIK interest |  |  |  |  | 12765220 |  |  |  |  |
|  Realized gains/(losses), net  | (189569024) | 2349864 | (24501876) | (123645) | (9713553) | (2300200) | (7881704) |  | 3614371 |
|  Change in unrealized appreciation/(depreciation) | 39387719 |  | 10016094 | 18620 | (20382687) | (1464541) | 12020615 | (1827277) | (981464) |
|  Amortization of premium/discount | (11788097) | (15552) | 196059 | 3265 | 310516 | (2139597) | (18531146) |  |  |
|  Transfers in/(out) of Level 3 |  |  |  |  |  |  |  |  |  |
|  **Ending Balance—February 28, 2026** | $1290650222 | $— | $61096119 | $744642 | $99513357 | $107713439 | $187455967 | $18255963 | $7910204 |
|  Change in unrealized appreciation/(depreciation) still held as of February 28, 2026 | $(69886404) | $— | $(8039637) | $(41637) | $(27085252) | $(3159833) | $2690304 | $(1827277) | $6441256 |

---

Whole loans and loan participations in the Fund are generally valued using a discounted cash flow framework that takes into account the original purchase price, the scheduled loan payments, and forecast losses. The loss forecasts are generally based on industry and platform historical loan performance, as well as evaluation of the current underwriting environment. Higher expectations of losses, due to factors such as rising delinquencies on a platform's loans or a deteriorating macroeconomic environment, would result in a markdown of fair values. Loss forecasts on select loan participations in the Fund are based on projected future earnings of professional athletes. Higher expectations of losses based on an athlete's diminished status within the professional sports league would result in a markdown of the fair value.

The value of asset-backed securities are determined by the forecast performance of loans in the underlying pool and the priority the securitization tranche has to the cash flows of the loan pool. The asset-backed tranches that the Fund holds are residual tranches so any deterioration of the loan pool will result in a markdown of fair values.

The values of equity securities are determined by the Adviser Valuation Committee using a factor change calibration approach based generally on three factors, as applicable or appropriate: (1) private market transactions; (2) company performance; and (3) public market comparables, with such factors reviewed on an ongoing basis as needed by the Adviser Valuation Committee. The value of warrants is determined by a standard option pricing model with volatility estimated from public comparables. The Fund's equity securities (including warrants) will be marked down upon negative developments, financial or managerial, at the company, or negative trends affecting the company's industry.

The value of risk share contracts held by the Fund are determined using a discounted cash flow framework that takes into account the underlying loans pertaining to each contract's actual losses as of February 28, 2026 and estimated loss forecasts through each contract's maturity date. The loss forecasts are based on industry and platform historical loan performance. Higher expectations of losses relative to initial expected losses (subject to a cap), due to factors such as rising delinquencies within each contract vintage or a deteriorating macroeconomic environment, would result in an increase in a contract's unrealized gain. For a subset of risk share contracts, lower expectations of losses relative to initial expected losses (subject to a cap), due to factors such as lower delinquencies within each contract vintage would result in an increase in a contract's unrealized depreciation.

Significant changes in discount rates, projected loss rates, default rates, prepayment rates, severity or volatility would generally result in significant changes in the fair value of the security.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**342** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

The following table summarizes the quantitative inputs used for investments categorized as Level 3 of the fair value hierarchy as of February 28, 2026:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TYPE OF SECURITY** | **INDUSTRY** | **FAIR VALUE AT<br>2/28/2026** | **VALUATION<br>TECHNIQUES** | **UNOBSERVABLE INPUTS** | **RANGE** | **WEIGHTED<br>AVERAGE** |
|  Whole Loans—<br>Consumer Loans | Financial Services | $1290650222 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 6.03%-11.56%<br>6.55%-27.49% | 9.58%<br>16.97% |
|  Whole Loans—<br>Small Business Loans | Financial Services | 61096119 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 7.91%-11.07%<br>2.13%-70.17% | 10.08%<br>54.64% |
|  Whole Loans—<br>Student Loans | Financial Services | 744642 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 8.15%-10.84%<br>0.44%-30.99% | 9.51%<br>11.85% |
|  Loan Participations—<br>Consumer Loans | Financial Services | 17704961 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 0.27%-17.71%<br>1.28%-83.49% | 8.05%<br>19.29% |
|  Loan Participations—<br>Consumer Loans | Financial Services | 81808396 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 0.00%-26.50%<br>0.00%-100.00% | 14.63%<br>51.69% |
|  Loan Participations—<br>Small Business Loans | Financial Services | 15894002 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 3.24%-14.86%<br>6.29%-47.26% | 10.58%<br>10.43% |
|  Loan Participations—<br>Small Business Loans | Financial Services | 91819437 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 12.00%-12.00%<br> 0.00%-0.00% | 12.00%<br>0.00% |
|  Asset-Backed Securities | Financial Services | 187455967 | Discounted Cash Flow | Constant Prepayment Rate Constant Default Rate<br>Severity<br>Discount Rate | 4.92%-35.22%<br>0.28%-16.02%<br>80.00%-92.13%<br>7.41%-53.74% | 15.67%<br>6.61%<br>83.01%<br>20.37% |
|  Equity Securities | Financial Services | 18255963 | Factor Change Calibration Approach | Revenue<br>Retained Earnings<br>Comparables' Stock Return | 0.76%-7.60%<br>(28.99)%-16.05%<br>(24.01)%-(23.38)% | 4.65%<br>(3.39)%<br>(23.66)% |
|  Risk share contracts | Financial Services | 7910204 | Discounted Cash Flow | Loss-Adjusted Discounted Rate Projected Loss Rate | 14.50%-14.50%<br>7.09%-18.53% | 14.50%<br>16.23% |

---

Certain investments are valued using the NAV practical expedient in the amount of $150,661,791 and have been excluded from the above quantitative inputs table. The following table presents additional information for investments measured using the NAV practical expedient:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **FAIR VALUE** | **UNFUNDED<br>COMMITMENTS** | **REMAINING<br>LIFE** | **REDEMPTION<br>FREQUENCY** | **NOTICE<br>PERIOD** | **REDEMPTION<br>TERMS** |
|  MDOF Investments II, LLC | $21708363 | $— | 12/2032 |  | N/A | N/A |
|  PFMP K1508, LLC | 18384552 |  | 11/2033 |  | N/A | N/A |
|  PFMP K1512, LLC | 19030300 |  | 10/2034 |  | N/A | N/A |
|  PFMP KF61, LLC | 4316140 |  | 4/2029 |  | N/A | N/A |
|  Unison Midgard Fund LP | 87222436 |  | Indefinite | Quarterly | 90 days | (1) 25% investor-<br>level gate per cycle<br>(2) Lock-up period<br>expires 12/2026 |
|  | $**150661791** | $**—** |  |  |  |  |

---

**Derivative Transactions —** The Fund engaged in derivatives and hedging activities during the year ended February 28, 2026. Further information regarding derivatives held at February 28, 2026 can be found in the Consolidated Summary Schedule of Investments.

**Futures Contracts —** The Fund may purchase and sell a variety of futures contracts that relate to, among other things, debt securities (these are referred to as "interest rate futures"), broadly-based securities indices ("stock index futures" and "bond index futures"), foreign currencies, commodities and individual equity securities ("single stock futures"). Futures are standardized, exchange-traded contracts that obligate a purchaser to take delivery, and a seller to make delivery, of a specific amount of an asset at a specified future date at a specified price. A futures contract on an index is

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**343** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

an agreement pursuant to which two parties agree to take or make delivery of an amount of cash equal to the difference between the value of the index at the close of the last trading day of the contract and the price at which the index contract originally was written. The primary risks associated with the use of futures contracts are imperfect correlation, liquidity and unanticipated market movement. No money is paid or received by the Fund on the purchase or sale of a future. Upon entering into a futures transaction, the Fund will be required to deposit an initial margin payment with the futures commission merchant ("FCM"). As the future is marked to market (that is, its value on the Fund's books is changed to reflect changes in its market value), subsequent margin payments, called variation margin, will be paid to or by the FCM daily. The Fund did not hold futures contracts during the year ended February 28, 2026.

**Forward Currency Contracts —** The Fund enters into forward currency contracts to manage Fund exposure to foreign currencies. When entering into a forward currency contract, in the case of a deliverable contract, the Fund agrees to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date or, in the case of a non-deliverable contract, to settle the equivalent in U.S. dollars. The Fund's net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date. These instruments may involve market risk from movements in currencies or credit risk from the possible inability of counterparties to meet the terms of their contracts. The average notional amount of forward currency contracts during the year ended February 28, 2026 was $1,407,225 for long contracts and $4,802,692 for short contracts.

**Risk Share Contracts —** The Fund enters into risk share contracts with several alternative lending platforms. These contracts track performance of select whole loan vintages. At the end of the contract, if the current expected losses of the select whole loan vintage are greater than initial expected losses, the alternative lending platform must pay the Fund an amount equal to such excess (subject to a cap between 1% and 5% of purchased notional per vintage and with a weighted average of 3% ("Cap")). Accordingly, the Fund recognizes an unrealized gain throughout the life of the contract (subject to a Cap) if the vintage's current expected losses are greater than initial expected losses and recognizes a realized gain when at the contract's maturity, the vintage's actual losses are greater than initial expected losses. At the end of a subset of risk share contracts, if the current expected losses of select whole loan vintages are less than initial expected losses, the Fund must pay the alternative lending platform an amount equal to such deficit (subject to a Cap between 1% and 10% of purchased notional per vintage and with a weighted average of 8%). Accordingly, the Fund recognizes an unrealized depreciation throughout the life of the contract (subject to a Cap) if the vintage's current expected losses are less than initial expected losses and recognizes a realized loss when at the contract's maturity, the vintage's actual losses are less than the initial expected losses. The average notional amount of risk share contracts during the year ended February 28, 2026 was $535,469,684 for long contracts.

**Interest Rate Swaps —** The Fund may enter into interest rate swap contracts to manage fund exposure to interest rates or to either preserve or generate a return on a particular investment or portion of its portfolio. These are agreements between counterparties to exchange periodic interest payments based on interest rates. One cash flow stream will typically be a floating rate payment based upon a specified interest rate while the other is typically a fixed interest rate. The Fund did not hold interest rate swap contracts during the year ended February 28, 2026.

The table below reflects the values of the derivative assets and liabilities as reflected in the Consolidated Statement of Assets and Liabilities.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ASSET DERIVATIVES** | **ASSET DERIVATIVES** | **LIABILITY DERIVATIVES** | **LIABILITY DERIVATIVES** |
| **RISK EXPOSURE** | **CONSOLIDATED<br>STATEMENT OF ASSETS<br>AND LIABILITIES LOCATION** | **FAIR VALUE** | **CONSOLIDATED<br>STATEMENT OF ASSETS<br>AND LIABILITIES LOCATION** | **FAIR VALUE** |
|  **Risk share contracts** |  |  |  |  |
|  Risk share contract | Unrealized appreciation on risk share contracts | $8254687 | Unrealized depreciation on risk share contracts | $(344483) |
|  Total |  | $8254687 |  | $(344483) |

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**344** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

The table below reflects the effect of derivative instruments on the Consolidated Statement of Operations for the year ended February 28, 2026.

---

| | | |
|:---|:---|:---|
| **RISK EXPOSURE** | **AMOUNT OF REALIZED<br>GAIN (LOSS)** | **NET CHANGE IN UNREALIZED<br>DEPRECIATION** |
|  **Forward currency contracts** |  |  |
|  Foreign exchange contracts | $(220092) | $(133591) |
|  **Risk share contracts** |  |  |
|  Risk share contracts | 3614371 | (981464) |
|  Total | $3394279 | $(1115055) |

---

**(b) Use of Estimates.** The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

**(c) Offsetting on the Consolidated Statement of Assets and Liabilities.** The Fund is subject to netting arrangements, which govern the terms of certain transactions with select counterparties. The netting arrangements allow the Fund to close out and net its total exposure to a counterparty in the event of a default with respect to all the transactions governed under a single agreement with a counterparty. The netting arrangements also specify collateral posting arrangements at prearranged exposure levels. Under the netting arrangements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant netting arrangement with a counterparty in a given account exceeds a specified threshold depending on the counterparty and the type of netting arrangement.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>ASSETS** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** |
| **Assets:** | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>ASSETS** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **FINANCIAL<br>INSTRUMENTS** | **COLLATERAL<br>RECEIVED** | **NET<br>AMOUNT** |
|  Risk share contracts | $8254687 | $— | $8254687 | $— | $— | $8254687 |
|  | $8254687 | $— | $8254687 | $— | $— | $8254687 |
|  | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>LIABILITIES** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS OF<br>ASSETS &<br>LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENTS OF ASSETS<br>& LIABILITIES** |
| **Liabilities:** | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>LIABILITIES** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENTS<br>OF ASSETS &<br>LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENTS OF<br>ASSETS &<br>LIABILITIES** | **FINANCIAL<br>INSTRUMENTS** | **COLLATERAL<br>PLEDGED** | **NET<br>AMOUNT** |
|  Reverse Repurchase Agreements | $290000000 | $— | $290000000 | $— | $(290000000) | $— |
|  Risk share contracts | 344483 |  | 344483 |  |  | 344483 |
|  | $290344483 | $— | $290344483 | $— | $(290000000) | $344483 |

---

Actual collateral received or pledged may be more than reported in order to satisfy broker requirements.

**(d) Indemnifications.** In the normal course of business, the Fund enters into contracts that contain a variety of representations which provide general indemnifications. The Fund's maximum exposure under these arrangements cannot be known; however, the Fund expects any risk of loss to be remote.

**(e) Federal Income Taxes.** The Fund qualifies and intends to continue to qualify as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended. As a RIC, the Fund will not be subject to federal income tax to the extent it distributes substantially all of its net investment income and capital gains to shareholders. Therefore, no federal income tax provision is required.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**345** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

**(f) Reverse Repurchase Agreements.** The Fund enters into reverse repurchase agreements with banks and brokers, with the Fund as the initial seller of securities to the banks or brokers. In this case, a reverse repurchase agreement involves a sale by a fund of portfolio securities concurrently with an agreement by a fund to repurchase the same securities at a later date at a fixed price. During the reverse repurchase agreement period, an individual fund continues to receive principal and interest payments on the securities. If the buyer in a reverse repurchase agreement files for bankruptcy or becomes insolvent, a fund's use of proceeds from the sale of its securities may be restricted while the other party or its trustee or receiver determines whether to honor the fund's right to repurchase the securities. Furthermore, in that situation a fund may be unable to recover the securities it sold in connection with a reverse repurchase agreement and as a result would realize a loss equal to the difference between the value of the securities and the payment it received for them. This loss would be greater to the extent the buyer paid less than the value of the securities the fund sold to it (e.g., a buyer may only be willing to pay $95 for a security with a market value of $100). A fund's use of reverse repurchase agreements also subjects the fund to interest costs based on the difference between the sale and repurchase price of a security involved in such a transaction. Additionally, reverse repurchase agreements entail the same risks as OTC derivatives. These include the risk that the counterparty to the reverse repurchase agreement may not be able to fulfill its obligations, that the parties may disagree as to the meaning or application of contractual terms, or that the instrument may not perform as expected. For the period July 10, 2025 to February 28, 2026, the average reverse repurchase agreement balance was $218,497,854 and weighted average interest rate was 5.92%.

The Fund has elected to treat reverse repurchase agreements as derivatives pursuant to Rule 18f-4 under the 1940 Act ("Rule 18f-4"). As required by Rule 18f-4, the Fund's derivatives exposure (including its use of reverse repurchase agreements) will be limited through a value-at-risk ("VaR") test. Very generally, VaR is an estimate of an instrument's or portfolio's losses over a given time horizon at a specified confidence level. Under Rule 18f-4, the Fund will be required to limit the VaR of the Fund's portfolio to less than 200% of the VaR of a "designated reference portfolio," which is, in general, either an unleveraged index approved by the Fund's derivatives risk manager or the Fund's own portfolio of securities or other investments, excluding any derivatives transaction. The Fund expects that its use of reverse repurchase agreements and other similar derivatives transactions to obtain leverage will enable the Fund to obtain substantially more leverage than would be possible if the Fund obtained leverage only through senior securities subject to the 300% asset coverage requirement contained in Section 18 of the 1940 Act.

The Fund may enter into reverse repurchase agreements under a Master Repurchase Agreement or similar agreement, which governs transactions between the Fund and its counterparties. Under these arrangements, the Fund directly or indirectly transfers whole loans, pass-through certificates or other financial assets to a counterparty in exchange for cash, with a simultaneous agreement to repurchase such assets at a later date. The agreement provides for netting of mutual obligations between the parties. In addition, the counterparty is typically permitted to sell, re-pledge, or otherwise use the transferred assets during the term of the transaction, subject to its obligation to return equivalent assets upon repurchase.

The gross obligations for secured borrowing by the type of collateral pledged and remaining time to maturity is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **REVERSE REPURCHASE AGREEMENTS** | **OVERNIGHT AND<br>CONTINUOUS** | **UP TO 30 DAYS** | **30-90 DAYS** | **GREATER THAN<br>90 DAYS** | **TOTAL** |
|  Whole Loans | $— | $— | $— | $290000000 | $290000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total** | $**—** | $**—** | $**—** | $**290000000** | $**290000000** |

---

**(g) Alternative Lending.** Alternative lending, which is sometimes referred to as fintech lending, online lending or marketplace lending, is a method of financing in which an alternative lending platform facilitates the borrowing and lending of money while generally not relying on deposits for capital to fund loans. It is considered an alternative to more traditional debt financing done through a bank. There are several different models of alternative lending but, very generally, a platform typically matches consumers, small or medium-sized businesses or other types of borrowers with investors that are interested in gaining investment exposure to the loans made to such borrowers. Prospective borrowers are usually required to provide or give access to certain financial information to the platform, such as the intended purpose of the loan, income, employment information, credit score, debt-to-income ratio, credit history

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**346** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

(including defaults and delinquencies) and home ownership status, and, in the case of small business loans, business financial statements and personal credit information regarding any guarantor, some of which information is made available to prospective lenders. Often, platforms charge fees to borrowers to cover these screening and administrative costs. Based on this and other relevant supplemental information, the platform usually assigns its own credit rating to the borrower and sets the interest rate for the requested borrowing. Platforms then post the borrowing requests online and investors may choose among the loans, based on the interest rates the loans are expected to yield less any servicing or origination fees charged by the platform or others involved in the lending arrangement, the background data provided on the borrowers, and the credit rating assigned by the platform. In some cases, a platform partners with a bank to originate a loan to a borrower, after which the bank sells the loan to the platform or directly to the investor; alternatively, some platforms may originate loans themselves. Some investors, including the Fund, may not review the particular characteristics of the loans in which they invest at the time of investment, but rather negotiate in advance with platforms the general criteria of the investments.

Other alternative lending platforms are non-traditional intermediaries. Unlike marketplace lenders, non-traditional intermediaries do not themselves (either alone or working with a bank) originate loans. Instead, they intermediate sales of loans originated by more traditional lenders to buyers that utilize alternative sources of capital (i.e., capital other than bank deposits).

Platforms may set minimum eligibility standards for borrowers to participate in alternative lending arrangements and may limit the maximum permitted borrowings. Depending on the purpose and nature of the loan, its term may, for example, be as short as six months or shorter, or as long as thirty years or longer. Set forth below is additional information about some of the Fund's alternative lending-related investments.

**(h) Whole Loans.** When the Fund invests directly or indirectly in whole loans, it typically purchases all rights, title and interest in the loans pursuant to a loan purchase agreement directly from the platform or its affiliate. The platform or a third-party servicer typically continues to service the loans, collecting payments and distributing them to investors, less any servicing fees assessed against the Fund, and the servicing entity typically will make all decisions regarding any modification, forbearance or other form of relief that may be provided to a borrower experiencing financial hardship and acceleration or enforcement of the loans following any default by a borrower. Where a platform or its affiliate acts as the loan servicer, there is typically a backup servicer in place in case that platform or affiliate ceases or fails to perform these servicing functions. The Fund, as an investor in a whole loan, would be entitled to receive payment only from the borrower and/or any guarantor, and would not be able to recover any deficiency from the platform, except under very narrow circumstances, which may include fraud by the borrower in some cases. The whole loans in which the Fund may invest may be secured or unsecured. The Fund invests in whole loans collateralized by Bitcoin and related collateral requirements are set by the platform. In the event of borrower default, the Fund would have access to the proceeds from the sale of liquidated Bitcoin. Cash segregated for the purchase of whole loans, if any, is located in Deposits for Issuing Loans on the Consolidated Statement of Assets and Liabilities. As of February 28, 2026, the Fund segregated $0 for the purchase of whole loans.

**(i) Loan Participations.** The Fund invests in participation interests in whole loans, which are typically originated by an alternative lending platform, sometimes in partnership with a bank or other financial institutions. When the Fund invests in participation interests, the Fund typically purchases a fractional or full economic interest in the underlying whole loans and the originator retains the legal title to such loans. As with the Fund's investments in whole loans, the alternative lending platform or a third-party servicer typically continues to service the loans, collecting payments and distributing them to investors in the loan participations, less any servicing fees assessed against the Fund, and the servicing entity typically will make all decisions regarding any modification, forbearance or other form of relief that may be provided to a borrower experiencing financial hardship and acceleration or enforcement of the loans following any default by a borrower. Where a platform or its affiliate acts as the loan servicer, there is typically a backup servicer in place in case that platform or affiliate ceases or fails to perform these servicing functions. The servicing entity may distribute payments of principal and interest from the borrower directly to the Fund as a holder of participation interests. Alternatively, the Fund may receive payments of principal and interest as passed through by the bank or other financial institution originating the whole loans and issuing the participation interests. The participation interests in which the Fund invests may be in whole loans that are secured or unsecured.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**347** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

**(j) Pass-Through Certificates.** The Fund invests in pass-through certificates, which are a form of asset-backed security that is backed by a pool of whole loans originated or sourced by one or more alternative lending platforms and that represents the right of the holder to receive specified distributions in respect of such whole loans; specifically, holders are entitled to receive payments on account of principal and interest payments made by borrowers on the underlying loans, as well as proceeds from the sale or liquidation of any loan underlying the pass-through certificate, net of fees, expenses and other amounts payable to the issuer, trustee, originating platform(s) or other third parties as required. Unlike many other asset-backed securities, pass-through certificates are generally not issued with multiple tranches; instead, all holders of a particular certificate share a pro rata interest in the underlying pool of whole loans and distributions with respect thereto.

**(k) Asset-Backed Securities.** The Fund invests in, and may sell certain of its alternative lending-related investments to, securitization vehicles, formed by alternative lending platforms or third parties for the purpose of acquiring alternative lending-related investments and issuing securities, the payments on which are funded by payments received on such entities' underlying investments. Such asset-backed securities, including mortgage-backed securities, may be issued in different tranches of debt and residual equity interests with different rights and preferences. The Fund may hold any tranche of such asset-backed securities. The volume and frequency of the Fund's sales of pools of loans to securitization vehicles may increase as a more active and reliable secondary market develops over time.

**(l) Shares, Certificates, Notes or Other Securities.** The Fund also invests in shares, certificates, notes or other securities representing the right to receive principal and interest payments due on fractions of whole loans or pools of whole loans. The platform or a separate special purpose entity organized by or on behalf of the platform may hold the whole loans underlying such investments on its books and issue to the Fund, as an investor, a share, certificate, note or other security, the payments on which track and depend upon the borrower payments on the underlying loans. As with whole loans, the platforms or third-party servicers typically continue to service the underlying loans on which the performance of such securities is based. Such securities may be linked to any of the types of whole loans in which the Fund may invest directly. Such securities may also track fractions of a whole loan. These securities may be sold through publicly registered offerings or through unregistered private offerings.

**(m) Equity Securities.** The Fund invests in public or private equity securities issued by alternative lending platforms or companies that own or operate alternative lending platforms, including common stock, preferred stock, convertible stock and/or warrants. For example, the Fund invests in securities issued by a platform, which may provide the platform with the capital it requires to support its business. Equity investments may afford the Fund voting rights as well as the opportunity to receive dividends and/or capital appreciation, although warrants, which are options to purchase equity securities at specific prices valid for a specific period of time, typically have no voting rights, receive no dividends and have no rights with respect to the securities of the issuer unless and until they are exercised for the underlying securities. The Fund may also invest directly or indirectly in equity securities of both non-U.S. and U.S. small and mid-cap companies.

**(n) Debt Securities.** The Fund may invest in debt securities issued by alternative lending platforms or companies that own or operate alternative lending platforms. The Fund may have exposure to the debt securities of U.S. or non-U.S. issuers. These debt securities may have fixed or floating interest rates; may or may not be collateralized; and may be below investment grade or unrated but judged by the Adviser to be of comparable quality (debt securities that are below investment grade are commonly called "junk bonds"). The Fund has no limits as to the maturity of debt securities in which it invests directly or indirectly. Such investments may be within any maturity range (short, medium or long) depending on the Adviser's evaluation of investment opportunities available within the debt securities market. Similarly, the Fund has no limits as to the market capitalization range of the issuers.

**(o) Real Estate Investment Trusts.** The Fund may also pursue its investment objective by investing in equity or debt securities issued by real estate investment trusts ("REITs") or pooled investment vehicles that invest in REITs. REITs are pooled real estate investment vehicles that own, and typically operate, certain qualified real estate and real estate-related assets. If a REIT meets certain requirements, including distributing to shareholders substantially all of its taxable income (other than net capital gains), then it is not generally taxed on the income distributed to shareholders. REITs and pooled investment vehicles that invest in REITs may be subject to management fees and other expenses, and so the Fund will bear its proportionate share of the costs of the REITs' and/or vehicles' operations if it invests in REITs or

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**348** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

vehicles subject to such fees and expenses. REITs can be listed and traded on national securities exchanges or can be traded privately between individual owners. An exchange-traded REIT is generally more liquid than a REIT that is not traded on a securities exchange. The Fund may invest in both exchange-traded and privately-traded REITs.

The Fund generally invests in equity REITs, which invest in and own real estate directly, and generally invest a majority of their assets in income-producing properties to generate cash flow from rental income and gradual asset appreciation. The income-producing properties in which equity REITs may invest include land, office, retail, industrial, hotel and apartment buildings, single or multifamily homes, self-storage, specialty and diversified and healthcare facilities. Equity REITs can realize capital gains (or losses) by selling properties that have appreciated (or depreciated) in value. Equity REITs may also invest in non-income-producing properties or real estate-related assets.

An equity investment in a REIT may afford the Fund voting rights as well as the opportunity to receive dividends and/or capital appreciation. The Fund may invest in warrants issued by REITs, which are options to purchase equity securities at specific prices valid for a specific period of time; such investments typically have no voting rights, receive no dividends and have no rights with respect to the securities of the issuer unless and until they are exercised for the underlying equity securities.

Debt securities of REITs may have fixed or floating interest rates; may or may not be collateralized; and may be below investment grade or unrated but judged by the Adviser to be of comparable quality. The Fund has no limits as to the maturity of debt securities in which it invests directly or indirectly. Such investments may be within any maturity range (short, medium or long) depending on the Adviser's evaluation of investment opportunities available within the debt securities market. Similarly, the Fund has no limits as to the market capitalization range of the issuers.

**(p) Distributions to Shareholders.** The Fund intends to distribute to its shareholders substantially all investment company taxable income and net realized capital gains, if any, at least annually. The Fund may not declare or pay distributions to its shareholders if it does not meet asset coverage ratios under the 1940 Act. Distributions are recorded on ex-dividend date. The Fund may periodically make reclassifications among certain of its capital accounts as a result of the characterization of certain income and realized gains determined annually in accordance with federal tax regulations that may differ from GAAP.

**(q) Foreign Securities and Currency Transactions.** The Fund's books and records are maintained in U.S. dollars. Foreign currency denominated transactions (i.e., market value of investment securities, assets and liabilities, purchases and sales of investment securities, and income and expenses) are translated into U.S. dollars at the current rate of exchange. The Fund does not isolate that portion of results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held.

**(r) Investment Income.** Dividend income, less any foreign tax withheld, is recognized on the ex-dividend date. PIK interest income represents payments-in-kind on certain loan participations. PIK interest income is computed based on terms specified in the Fund's investment agreements, is added to the principal balance of the investment and is expected to be collected upon repayment of the outstanding principal. Rebate income, if any, represents incentive payments received by the Fund with respect to the purchase of loans. Aggregate incentive payments are calculated based on volume of loans purchased over a fixed period of time and are not anticipated to be recurring. Interest income is recognized on an accrual basis to the extent that such amounts are expected to be collected and include amortization/accretion of premiums or discounts. Interest income will stop being accrued as of the last coupon receivable date once a loan is more than 30 days past due. Unpaid accrued interest will be written off once the loan is deemed to be charged-off by the third-party pricing service.

**(s) Realized Gain or Loss and Unrealized Appreciation or Depreciation.** Realized gain or loss from an investment is recorded at the time of disposition and calculated using the specific identification method. Unrealized appreciation or depreciation reflects the changes in fair value of investments as pursuant to the Fund's policies and procedures. The Fund will typically write off a loan if (i) the platform indicates that the borrower is deceased or has declared a specific type of bankruptcy or (ii) as determined unrecoverable by the Adviser Valuation Committee. During the year ended February 28, 2026, the Fund wrote off $254,481,364 of outstanding principal, which also includes bad debt expense that is based on estimated recovery rates. This amount is included in net realized loss on investments on the Fund's Consolidated Statement of Operations.

**(t) Restricted Securities.** The Fund may invest a substantial portion of its assets in securities that are restricted, but eligible for purchase and sale by certain qualified institutional buyers, as defined in Rule 144A under the 1933 Act, as amended, as

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**349** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

well as other restricted securities. Restricted securities may be resold in transactions that are exempt from registration under Federal securities laws or if the securities are publicly registered. Restricted securities may be deemed illiquid.

**(u) Prepaid Commitment Fees.** These fees are amortized on a straight-line basis over the term of the respective lending facility and are reflected on the Fund's Consolidated Statement of Operations as Commitment Fees.

**(v) Transfers of Financial Assets** For the period ended, February 28, 2026, the Fund sold certain of its whole loan investments to alternative lending platforms for use in the creation of securitized vehicles. The whole loans were derecognized by the Fund when sold and had an aggregate fair market value of $68,194,998 when sold. As consideration for this sale, the Fund received net cash of $62,374,214 and interests in residual tranches of newly securitized vehicles having an aggregate fair market value of $5,820,785 at the time of acquisition. The Fund recognized gains of $2,364,162 related to this sale which is included in net realized gain (loss) on investments in the Consolidated Statement of Operations. As of February 28, 2026, the residual interests acquired through the above mentioned whole loan sale have a fair market value of $5,642,489.

**(w) Restricted Cash.** Restricted cash includes cash connected with the pending purchase of whole loans that is restricted as to withdrawal or use under the terms of a contractual agreement. As of February 28, 2026, the Fund did not hold restricted cash.

**(x) Investment Transactions.** Investment transactions are recorded on the trade date.

**(y) Market Volatility.** The value of the securities in the Fund may go up or down in response to the prospects of overall economic trends, particular sectors and/or general economic conditions. Price changes may be short- or long-term. Local, regional or global events such as military conflicts, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Fund and its investments, including hampering the ability of the Adviser to invest the Fund's assets as intended.

**(z) Segments.** An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Chief Executive Officer of the Adviser is the CODM of the Fund. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocations are pre-determined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. The financial information in the form of the Fund's Consolidated Schedule of Investments, total returns, and changes in net assets from operations, subscriptions and redemptions, which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmark and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's consolidated financial statements. Segment assets of the Fund are reflected on the accompanying Consolidated Statements of Assets and Liabilities as "total assets".

**3. Federal Tax Matters** 

Provisions for federal income taxes or excise taxes have not been made since the Fund intends to be taxed as a Regulated Investment Company and intends to distribute substantially all taxable income and capital gains to shareholders and otherwise comply with the provisions of the Internal Revenue Code applicable to Regulated Investment Companies. Distributions from net realized gains for book purposes may include short-term capital gains which are included as ordinary income to shareholders for tax purposes. Additionally, GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. The reclassifications have no effect on net assets or NAV per share.

For the year ended February 28, 2026, the effect of permanent "book/tax" reclassifications resulted in increases and decreases to components of the Fund's net assets as follows:

---

| | | |
|:---|:---|:---|
|  | **TOTAL DISTRIBUTABLE<br>EARNINGS/(LOSS)** | **PAID IN<br>CAPITAL** |
|  Alternative Lending Risk Premium Fund | $| $|

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**350** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

As of February 28, 2026, the components of accumulated earnings (losses) for income tax purposes were as follows:

---

| | |
|:---|:---|
|  Tax cost of Investments | $2149509660 |
|  Unrealized appreciation |  |
|  Unrealized depreciation |  |
|  Net unrealized appreciation |  |
|  Undistributed ordinary income |  |
|  Undistributed long-term capital gains/(capital loss carryover) | (4164324) |
|  Total distributable earnings/(loss) | (4164324) |
|  Other temporary differences | (24159693) |
|  Total accumulated gain/(loss) | $(28324017) |

---

The difference between book-basis and tax-basis unrealized appreciation (depreciation) is primarily attributable to mark-to-market ordinary gains (losses) under Internal Revenue Code Section 475 and investments in partnerships.

The tax character of distributions paid during the year ended February 28, 2026 was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORDINARY<br>INCOME** | **LONG-TERM<br>CAPITAL GAIN** | **RETURN OF<br>CAPITAL** | **TOTAL** |
|  Alternative Lending Risk Premium Fund | $67055420 | $0 | $0 | $67055420 |

---

The tax character of distributions paid during the year ended February 28, 2025 was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORDINARY<br>INCOME** | **LONG-TERM<br>CAPITAL GAIN** | **RETURN OF<br>CAPITAL** | **TOTAL** |
|  Alternative Lending Risk Premium Fund | $0 | $0 | $70599986 | $70599986 |

---

As of February 28, 2026 the Fund had tax basis capital losses which may be carried forward indefinitely to offset future capital gains as shown below:

---

| | | | |
|:---|:---|:---|:---|
|  | **SHORT-TERM** | **LONG-TERM** | **TOTAL** |
|  Alternative Lending Risk Premium Fund | $(1827713) | $(2336611) | $(4164324) |

---

As of February 28, 2026, the Fund deferred, on a tax basis, late year ordinary losses of $24,159,693. These losses are deemed to arise on March 1, 2026.

There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended February 28, 2026 or for any other tax years which are open for exam. As of February 28, 2026, open tax years include the periods ended February 28, 2023, February 29, 2024, and February 28, 2025. The Fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Consolidated Statement of Operations. During the year, the Fund did not incur any interest or penalties.

**4. Agreements** 

**(a) Investment Management Agreement.** The Adviser is the investment adviser of the Fund and was organized as a Delaware limited liability company in 2012. The Adviser's primary business is to provide a variety of investment management services, including an investment program for the Fund.

As compensation for its services, the Fund pays the Adviser a fee, computed daily and paid monthly, at the annual rate of 1.50% of the Fund's average daily net assets.

Through June 30, 2027, the Adviser contractually agreed to waive its advisory fee and/or pay or otherwise bear operating and other expenses of the Fund (including offering expenses, but excluding brokerage and transactional

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**351** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

expenses; borrowing and other investment-related costs and fees including interest payments on borrowed funds, loan servicing fees, loan collection and administration fees and expenses, interest and commitment fees; short dividend expense; acquired fund fees and expenses; taxes; litigation and indemnification expenses; judgments; and extraordinary expenses not incurred in the ordinary course of the Fund's business (collectively, the "Excluded Expenses")) solely to the extent necessary to limit the total annualized operating expenses of the Fund, other than Excluded Expenses, to 2.30% of the average daily net assets of the Fund. The Adviser shall be permitted to recoup in later periods Fund expenses that the Adviser has paid or otherwise borne (whether through reduction of its advisory fee or otherwise) to the extent that the expenses for the Fund fall below the annual limitation rate in effect at the time of the actual waiver/reimbursement and to the extent that they do not cause the Fund to exceed the annual limitation rate in effect at the time of the recoupment. However, the Adviser shall not be, and under the expense limitation agreements that were in place during the period covered by this report the Adviser was not, permitted to recoup such expenses beyond three years from the end of the month in which the Adviser waived a fee or reimbursed an expense. As of February 28, 2026, there were no remaining previously waived expenses eligible for recoupment.

**(b) Custodian, Administrator, and Transfer Agent.** The custodians to the Trust are U.S. Bank, N.A. and Inspira Financial Trust Company, LLC. The administrator and transfer agent to the Trust is U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services, an affiliate of U.S. Bank, N.A.

**(c) Distributor.** Foreside Financial Services, LLC (the "Distributor") serves as the Fund's distributor.

**5. Services Agreement** 

Distribution and servicing fees may be paid pursuant to a Distribution and Servicing Plan dated as of July 1, 2018 at the maximum annual rate of 0.05% and servicing fees may be paid pursuant to an amended and restated Services Agreement between the Fund and the Adviser dated as of July 1, 2018, under which the Fund has appointed the Adviser as "servicing agent" to compensate financial intermediaries, at an annual rate of 0.05%, in each case, calculated as a percentage of the Fund's average daily net assets. These fees are paid out of the Fund's assets on an ongoing basis and may be administered or facilitated by the Distributor. Some intermediaries may receive payments pursuant to both the Distribution and Servicing Plan and the Services Agreement. The Distributor does not retain any portion of any servicing fees or distribution fees. To the extent that there are expenses associated with shareholder services that exceed the amounts payable pursuant to the Services Agreement or the Distribution and Servicing Plan, the Fund will bear such expenses.

**6. Related Parties** 

Certain officers of the Trust are also employees of the Adviser. The officers, with the exception of a portion of the Chief Compliance Officer's salary, are not compensated by the Trust.

**7. Investment Transactions** 

For the year ended February 28, 2026, aggregate purchases and dispositions/paydowns of securities (excluding U.S. government obligations and short-term securities) by the Fund were $1,070,294,915 and $1,008,753,534, respectively. The Fund did not have any purchases or sales of long-term U.S. government securities during the year ended February 28, 2026.

**8. Capital Share Transactions** 

---

| | | |
|:---|:---|:---|
|  | **YEAR ENDED<br>FEBRUARY 28, 2026** | **YEAR ENDED<br>FEBRUARY 28, 2025** |
|  Shares sold | 1559162 | 4769698 |
|  Shares issued to holders in reinvestment of distributions | 320662 | 394280 |
|  Shares redeemed | (9019020) | (8057155) |
|  Net decrease in shares | (7139196) | (2893177) |
|  Shares outstanding:<br> Beginning of year | 37940207 | 40833384 |
|  End of year | 30801011 | 37940207 |

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**352** 

------

<u>Notes to Consolidated Financial Statements</u>   <u>February 28, 2026</u>

The shares repurchased were done so in accordance with Section 23(c) of the 1940 Act. The Fund anticipates that the repurchase pricing date, the date on which the repurchase price for shares is determined, will ordinarily be the same day as the repurchase request deadline, but in no event will be (i) prior to the close of business on the day of the repurchase request deadline or (ii) more than 14 days after the repurchase request deadline (or the next business day, if the 14th day is not a business day).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **REPURCHASE REQUEST DEADLINE** | **REPURCHASE OFFER<br>AMOUNT (SHARES)** | **REPURCHASE OFFER<br>AMOUNT (SHARES)** | **SHARES<br>TENDERED** | **SHARES<br>TENDERED** |
|  March 7, 2025 |  | 1899065 |  | 6480132 |
|  June 6, 2025 |  | 1837588 |  | 6557738 |
|  September 5 , 2025 |  | 1775320 |  | 17296750 |
|  December 5, 2025 |  | 3397625 |  | 17890118 |

---

**9. Line of Credit and Financing Facility** 

The Fund obtains leverage through borrowings in seeking to achieve its investment objectives or for temporary or extraordinary purposes. As of February 28, 2026, the Fund had a $100,000,000 uncommitted line of credit (the "Line") with U.S. Bank N.A. The Line is unsecured. The Line has a one-year term which runs through October 17, 2026 and is reviewed annually by the Board. As of February 28, 2026, the Line had an outstanding balance of $0.

As of February 28, 2026, the Fund also established financing facilities for $600,000,000 (collectively, the "Facilities"). $250,000,000 of the borrowings under the Facilities is due September 1, 2026, $230,000,000 of the borrowings under the Facilities is due August 3, 2026, and $120,000,000 is uncommitted and the maturity of each borrowing may be extended by mutual consent of the applicable borrower and the lender with respect to such borrowing. The Facilities, when drawn, are secured by alternative lending-related securities held by Subsidiaries of the Fund and are guaranteed by the Fund. Each Subsidiary is a separate bankruptcy-remote entity formed for the purpose of holding specific securities and pledging them to specific lenders under the Facilities. The assets of any such Subsidiary are not available to other lenders or creditors, or to any other Subsidiary or the Fund, except to the extent of permitted distributions made to the Fund.

During the year ended as of February 28, 2026, the average aggregate borrowing was $754,220,761 which resulted in interest expense of $42,056,630 at a weighted average interest rate of 5.50% and is included in Interest Expense on the Fund's Consolidated Statement of Operations.

As of as of February 28, 2026, the outstanding aggregate drawn amount attributable to the Fund under the Credit Agreements (the Facilities together with the Line, the "Credit Agreements") was $480,000,000. Under the terms of the Credit Agreements, the Fund must maintain asset coverage of 300% when considering the amount borrowed from the Facilities. If the Fund fails to maintain the required coverage, it may be required to repay a portion of an outstanding balance until the coverage requirement has been met.

**10. Payment by Affiliates** 

During the year ended February 28, 2025, the Adviser reimbursed the Fund in the amount of $50,058 for losses related to incorrect investment prices. The reimbursement amount is reflected in the Fund's Statement of Changes in Net Assets as "Increase in payments from affiliates."

**11. Subsequent Events Evaluation** 

In preparing these consolidated financial statements, the Fund has evaluated events and transactions for potential recognition or disclosure resulting from subsequent events through the date the consolidated financial statements were issued. This evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**353** 

------

<u>Report of Independent Registered Public Accounting Firm</u>

To the Shareholders and the Board of Trustees of Stone Ridge Trust V

**Opinion on the Financial Statements** 

We have audited the accompanying consolidated statement of assets and liabilities of Stone Ridge Alternative Lending Risk Premium Fund (the "Fund") (the sole series comprising Stone Ridge Trust V (the "Trust")), including the consolidated summary schedule of investments, as of February 28, 2026, and the related consolidated statements of operations and cash flows for the year then ended, the consolidated statements of changes in net assets for each of the two years in the period then ended, the consolidated financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the consolidated financial position of the Fund (the sole series comprising Stone Ridge Trust V) at February 28, 2026, the consolidated results of its operations and its cash flows for the year then ended, the consolidated changes in its net assets for each of the two years in the period then ended and its consolidated financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

**Basis for Opinion** 

These financial statements are the responsibility of the Trust's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust's internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of February 28, 2026, by correspondence with the custodians and others; when replies were not received from others, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

![LOGO](g111947g69e40.jpg)

We have served as the auditor of one or more of the Stone Ridge investment companies since 2013.

Minneapolis, Minnesota

April 29, 2026

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**354** 

------

<u>Expense Example (Unaudited)</u>

As a shareholder of the Fund, you incur ongoing costs, including investment advisory fees, shareholder servicing fees and other Fund expenses, which are indirectly paid by shareholders. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from September 1, 2025 through February 28, 2026.

**Actual Expenses** 

The first line of the table below provides information about actual account values and actual expenses. However, the table does not include shareholder specific fees, such as the $15.00 fee charged for wire redemptions by the Fund's transfer agent. The table also does not include portfolio trading commissions and related trading costs. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during the period.

**Hypothetical Example For Comparison Purposes** 

The second line on the table below provides information about hypothetical account values and hypothetical expenses based on the actual expense ratios of the Fund and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other fund. Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, the second line of the table is useful in comparing ongoing costs only and will not help you determine the relevant total cost of owning different funds.

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>SEPTEMBER 1, 2025** | **ENDING<br>ACCOUNT<br>VALUE<br>FEBRUARY 28, 2026** | **EXPENSES<br>PAID DURING<br>PERIOD\*<br>SEPTEMBER 1, 2025 –<br>FEBRUARY 28, 2026** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $1020.20 | $38.36 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $986.82 | $37.73 |

---

\* Expenses are equal to the Fund's annualized six-months expense ratio of 7.66%, multiplied by the average account value over the period, multiplied by 181/365 to reflect the partial year. 

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**355** 

------

<u>Additional Information (Unaudited)</u>

**1. Board Approval of the Continuation of the Investment Management Agreement** 

Throughout the year, the Board of Trustees (the "Board") of Stone Ridge Trust V (the "Trust"), including the members of the Board who are not "interested persons" of the Trust (as that term is defined in the Investment Company Act of 1940, as amended) (the "Independent Trustees"), considers matters bearing on the investment management agreement (the "Agreement") between Stone Ridge Asset Management LLC (the "Adviser") and the Trust, on behalf of Stone Ridge Alternative Lending Risk Premium Fund (the "Fund"). On an annual basis, the Board, including the Independent Trustees, holds an in-person meeting to determine whether to approve the continuation, ordinarily for an additional one-year period, of the Agreement.

At an in-person meeting held on October 28, 2025, the Board, including a majority of the Independent Trustees, considered and approved the continuation for a one-year period of the Agreement between the Adviser and the Trust on behalf of the Fund. Prior to the meeting, the Independent Trustees received a memorandum from independent counsel describing their responsibilities in connection with the approval of the Agreement. In evaluating the Agreement, the Board considered information and materials furnished by the Adviser in advance of and at the meeting and was afforded the opportunity to request additional information and to ask questions of the Adviser to obtain information that it believed to be reasonably necessary to evaluate the terms of the Agreement.

The Board's consideration of the Agreement included but was not limited to: (1) the nature, extent, and quality of the services provided by the Adviser; (2) the investment performance of the Fund and the Adviser; (3) the cost of the services provided and the profits and other benefits realized by the Adviser from its relationship with the Fund; and (4) the extent to which economies of scale may be realized as the Fund grows and whether fee levels reflect such economies of scale for the benefit of shareholders of the Fund. In determining whether to approve the continuation of the Agreement, the Board, including the Independent Trustees, did not identify any single factor as determinative; individual trustees may have evaluated the information presented differently from one another, giving different weights to various factors.

In considering the nature, extent, and quality of the services provided by the Adviser, the Board considered the investment management services provided by the Adviser, including the management of the Fund's portfolio in accordance with its investment objective, investment policies, investment restrictions and applicable law; the unique and complex nature of the Fund's investment program in the registered fund space; investment selection and monitoring; selection of trading counterparties and order management; the creation and implementation of ongoing analytical and risk management strategies; the Adviser's investment in infrastructure, technology, proprietary software and personnel needed to implement the Fund's investment program; and the oversight and/or implementation of policies and procedures necessary to fulfill these responsibilities. The Board also considered other services provided by the Adviser, including monitoring potential conflicts of interest and maintaining regulatory compliance programs for the Fund. Additionally, the Board considered the operational support and oversight provided by the Adviser's personnel in connection with the Fund's repurchase offers. The Board considered the qualifications and professional backgrounds of the Adviser's personnel who provide significant advisory or other services to the Fund under the Agreement and analyzed the Adviser's ongoing ability to service the Fund through such personnel. Based on this and related information, the Board, including the Independent Trustees, concluded that the nature, extent and quality of services supported the continuation of the Agreement.

In considering the investment performance of the Fund and the Adviser, the Board reviewed information provided by the Adviser relating to the Fund's performance together with the performance of the Fund's corresponding indexes for the one-month, three-month, six-month, one-year, three-year and five-year periods ended August 31, 2025 as well as for the period ended August 31, 2025 since the Fund's inception. The Board also considered the performance information for the institutional share class of third-party managed closed-end funds listed on Morningstar with greater than $300 million in assets, regardless of their strategies, as determined by the Adviser in consultation with the Fund's third-party administrator (the "peer group"). The Board considered the performance information for the peer group that the Adviser believes are the most comparable registered investment funds to the Fund. The Adviser, in consultation with the Fund's third-party administrator, supplemented this peer group with funds from Morningstar's institutional share class of US Fund Multistrategy category with greater than $250 million in assets. The Adviser also provided the Board with comparable direct peers of the Fund, including RiverNorth Capital and Income Fund, Inc. and AIP Alternative Lending Fund. The Board, including the Independent Trustees, concluded that the Fund's performance in light of all relevant factors supported the renewal of the Agreement.

In considering the cost of services provided and the benefits realized by the Adviser from its relationship with the Fund, the Board analyzed the fees paid under the Agreement, the expense ratio for the Fund and any contractual expense

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**356** 

------

<u>Additional Information (Unaudited)</u>

limitation undertaken by the Adviser. The Board took into consideration information provided by the Adviser relating to the Adviser's financial health, profitability and the benefits that the Adviser derives from the Agreement. The Board also noted that the Adviser may receive reputational benefits from its relationship with the Fund. Based on the foregoing information and other factors deemed relevant, the Board, including the Independent Trustees, concluded that the management fee arrangements applicable to the Fund pursuant to the Agreement were fair and reasonable and that the costs of the services the Adviser provided and the related benefits to the Adviser in respect of its relationship with the Fund supported the continuation of the Agreement.

Finally, the Board considered the extent to which economies of scale in the provision of services by the Adviser would be realized as the Fund grows and whether the Fund's fee levels reflect such economies of scale, such as through breakpoints in the investment management fee or through expense waiver and/or limitation agreements. The Board noted that the Fund was subject to a contractual expense limitation agreement. After reviewing this and related information, the Board, including the Independent Trustees, concluded that the extent to which economies of scale currently are shared with the Fund supported the continuation of the Agreement.

Based on a consideration and evaluation of all factors deemed to be relevant, including the foregoing matters and the Board's determination that the continuation of the Agreement was in the best interests of the shareholders, the Board, including the Independent Trustees, concluded that the Agreement should be continued for a one-year period.

**2. Disclosure Regarding Fund Trustees and Officers** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** | **Independent Trustees<sup>(1)</sup>** |
| **NAME<br>(YEAR OF BIRTH)** | **POSITION(S)<br>HELD WITH<br>THE TRUST** | **TERM OF<br>OFFICE AND<br>LENGTH OF<br>TIME SERVED<sup>(2)</sup>** | **PRINCIPAL OCCUPATION(S)<br>DURING THE PAST 5 YEARS** | **NUMBER OF<br>PORTFOLIOS<br>IN THE FUND<br>COMPLEX<br>OVERSEEN BY<br>TRUSTEE<sup>(3)</sup>** | **OTHER<br>DIRECTORSHIPS /<br>TRUSTEESHIPS<br>HELD BY TRUSTEE<br>DURING THE<br>PAST 5 YEARS** |
|  Jeffery Ekberg<br> (1965) | Trustee | since inception | Self-employed (personal investing), since 2011; Principal, TPG Capital, L.P. (private equity firm) until 2011; Chief Financial Officer, Newbridge Capital, LLC (subsidiary of TPG Capital, L.P.) until 2011 | 17 | None. |
|  Daniel Charney<br> (1970) | Trustee | since inception | Co-Head of Global Markets, TD Securities (investment bank) and Vice Chair of TD Cowen, a division of TD Securities (financial services firm) since 2023; Co-President, Cowen and Company, Cowen Inc. (financial services firm) 2012-2023 | 17 | None. |
| **Interested Trustee** | **Interested Trustee** | **Interested Trustee** | **Interested Trustee** | **Interested Trustee** | **Interested Trustee** |
| **NAME<br>(YEAR OF BIRTH)** | **POSITION(S)<br>HELD WITH<br>THE TRUST** | **TERM OF<br>OFFICE AND<br>LENGTH OF<br>TIME SERVED<sup>(2)</sup>** | **PRINCIPAL OCCUPATION(S)<br>DURING THE PAST 5 YEARS** | **NUMBER OF<br>PORTFOLIOS<br>IN THE FUND<br>COMPLEX<br>OVERSEEN BY<br>TRUSTEE<sup>(3)</sup>** | **OTHER<br>DIRECTORSHIPS /<br>TRUSTEESHIPS<br>HELD BY TRUSTEE<br>DURING THE<br>PAST 5 YEARS** |
|  Ross Stevens<br> (1969)<sup>(4)</sup> | Trustee, Chairman | since inception | Founder and Chief Executive Officer of Stone Ridge since 2012 | 17 | None. |

---

(1) Information as of February 28, 2026.

(2) Each Trustee serves until resignation or removal from the Board.

(3) The Fund Complex includes the Trust and Stone Ridge Trust, Stone Ridge Trust II, and Stone Ridge Trust VIII, other
investment companies managed by the Adviser.

(4) Mr. Stevens is an "interested person" of the Trust, as defined in Section 2(a)(19) of the 1940 Act,
due to his position with the Adviser.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**357** 

------

<u>Additional Information (Unaudited)</u>

---

| | | | |
|:---|:---|:---|:---|
| **Officers of the Trust** | **Officers of the Trust** | **Officers of the Trust** | **Officers of the Trust** |
| **NAME<br>(YEAR OF BIRTH)<br>AND ADDRESS<sup>(1)(2)</sup>** | **POSITION(S)<br>HELD<br>WITH THE TRUST** | **TERM OF<br>OFFICE AND<br>LENGTH OF<br>TIME SERVED<sup>(3)</sup>** | **PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS** |
|  Ross Stevens<br> (1969) | President, Chief Executive Officer and Principal Executive Officer | since inception | Founder and Chief Executive Officer of the Adviser, since 2012. |
|  Lauren D. Macioce<br> (1978) | Chief Compliance Officer, Secretary, Chief Legal Officer and Anti-Money Laundering Compliance Officer | since 2016 | General Counsel and Chief Compliance Officer of the Adviser, since 2016. |
|  Maura Keselowsky<br> (1983) | Treasurer, Principal Financial Officer, Chief Financial Officer and Chief Accounting Officer | since July 2024 | Supervising Fund Controller at the Adviser, since 2022; member of Finance at the Adviser, since 2018 |
|  Anthony Zuco<br> (1975) | Assistant Treasurer | since 2018 | Supervising Fund Controller at the Adviser, since 2015-2022; member of Finance at the Adviser, since 2015. |
|  Alexander Nyren<br> (1980) | Assistant Secretary | since 2018 | Head of Reinsurance of the Adviser, since 2018; member of Reinsurance portfolio management team at the Adviser, since 2013. |
|  Leson Lee<br> (1975) | Assistant Treasurer | since 2019 | Member of Operations at the Adviser, since 2018. |
|  Domingo Encarnacion<br> (1983) | Assistant Treasurer | since 2020 | Tax Manager at the Adviser, since 2016. |
|  Stanley Weinberg<br> (1989) | Assistant Treasurer | since 2023 | Member of Operations at the Adviser, since 2019. |
|  Daniel Gross<br> (1984) | Assistant Treasurer | since 2023 | Member of Operations at the Adviser, since 2019. |
|  Connor O'Neill<br> (1990) | Assistant Treasurer | since April 2024 | Member of Operations at the Adviser, since 2020; Operations Manager at Junto Capital Management (2015-2019). |
|  Shamil Kotecha<br> (1986) | Assistant Treasurer | since October 2024 | Member of Legal and Compliance at the Adviser, since 2018. |
|  James Corley<br> (1986) | Assistant Treasurer | since January 2025 | Member of Operations at the Adviser, since 2019 |

---

(1) Each officer's mailing address is c/o Stone Ridge Asset Management LLC, One Vanderbilt Avenue, 65th Floor, New York,
NY 10017.

(2) Each of the officers is an affiliated person of the Adviser as a result of his or her position with the Adviser.

(3) The term of office of each officer is indefinite.

**3. Shareholder Notification of Federal Tax Status** 

For the fiscal year ended February 28, 2026, certain dividends paid by the Fund may be subject to a maximum tax rate of 15%, as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The percentage of dividends declared from ordinary income designated as qualified dividend income was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 0.00% |

---

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**358** 

------

<u>Additional Information (Unaudited)</u>

For corporate shareholders, the percentage of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal year ended February 28, 2026 was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 0.00% |

---

The average percentage of taxable ordinary income distributions that are designated as interest related dividends under Internal Revenue Code Section 871(k)(1)(C) was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 100.00% |

---

The percentage of taxable ordinary income distributions that are designated as short-term capital gain distributions under Internal Revenue Code Section 871(k)(2)(C) was as follows:

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  Alternative Lending Risk Premium Fund | 0.00% |

---

Shareholders should not use the above information to prepare their tax returns. Since the Fund's fiscal year is not the calendar year, another notification was made available with respect to calendar year 2025. Such notification, which reflects the amount to be used by calendar year taxpayers on their Federal income tax returns, was made in conjunction with shareholder year-end tax reporting in February 2026. Shareholders are advised to consult their own tax advisors with respect to the tax consequences of their investment in the Fund.

**4. Availability of Quarterly Portfolio Holdings Schedules** 

The Fund is required to file its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Part F of Form N-PORT. The Fund's filings on Part F of Form N-PORT are available without charge on the SEC's website, <u>www.sec.gov</u>, or upon request by calling 1.855.609.3680.

**5. Schedule of Investments** 

The Fund's complete consolidated schedule of investments in securities of unaffiliated issuers is available without charge on the Fund's website, <u>www.stoneridgefunds.com</u>, by calling 1.855.609.3680, and on the SEC website at <u>www.sec.gov</u> as part of Form N-CSR.

**6. Proxy Voting Policies and Procedures and Proxy Voting Record** 

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1.855.609.3680 and on the SEC's website <u>www.sec.gov</u>. The Fund is required to file how it voted proxies related to portfolio securities during the most recent 12-month period ended June 30. The information is available without charge, upon request, by calling 1.855.609.3680 and on the SEC's website <u>www.sec.gov</u>.

 Stone Ridge Funds Annual Report February 28, 2026 <br>

**359** 

------

<u>Investment Adviser</u> 

Stone Ridge Asset Management LLC

One Vanderbilt Avenue, 65<sup>th</sup> Floor

New York, NY 10017

<u>Independent Registered Public Accounting Firm</u> 

Ernst & Young LLP

700 Nicollet Mall, Suite 500

Minneapolis, MN 55402

<u>Legal Counsel</u> 

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199

<u>Custodians</u> 

Inspira Financial Trust, LLC

2001 Spring Road #700

Oak Brook, IL 60523

U.S. Bank, N.A.

1555 North RiverCenter Drive, Suite 302

Milwaukee, WI 53212

<u>Distributor</u> 

Foreside Financial Services, LLC

Three Canal Plaza, Suite 100

Portland, ME 04101

<u>Administrator, Transfer Agent and Dividend Disbursing Agent</u> 

U.S. Bancorp Fund Services, LLC,

doing business as U.S. Bank Global Fund Services

615 East Michigan Street

Milwaukee, WI 53202

This report has been prepared for shareholders and must be preceded or accompanied by an effective prospectus, which includes information regarding the Fund's investment objectives, risks, experience of its management and other information.

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g111947g12m27.jpg) | Stone Ridge Funds<br> P.O. Box 701<br> Milwaukee, WI 53201-0701<br>855-609-3680<br> www.stoneridgefunds.com<br>| QVANNU |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 2. Code of Ethics.</u>** 

The registrant has adopted a code of ethics that applies to the registrant's principal executive officer and principal financial officer. The registrant has not made any substantive amendments to its code of ethics during the period covered by this report. The registrant has not granted any waivers from any provisions of the code of ethics during the period covered by this report.

*A copy of the registrant's Code of Ethics is filed herewith.* 

**<u>Item 3. Audit Committee Financial Expert.</u>** 

The registrant's board of trustees has determined that there is at least one audit committee financial expert serving on its audit committee. Jeffery Ekberg is the "audit committee financial expert" and is considered to be "independent" as each term is defined in Item 3 of Form N-CSR.

**<u>Item 4. Principal Accountant Fees and Services.</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;a) - (d) The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for audit fees, audit-related fees, tax fees and all other fees by the principal accountant. "Audit fees" includes amounts related to an audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. "Audit-related fees" covers the assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's annual financial statements and are not covered under "audit fees," including review of the Fund's prospectus. "Tax fees" covers the professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning, including review of the Fund's tax returns, asset diversification and income testing, excise taxes, and fiscal year end income calculations. "All other fees" covers the aggregate fees for products and services provided by the principal accountant, other than the services reported in the foregoing three categories.

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FYE 2/28/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FYE 2/28/2025 |
|  Audit Fees | $877540 | $864905 |
|  Audit-Related Fees | $0 | $0 |
|  Tax Fees | $25100 | $24500 |
|  All Other Fees | $0 | $0 |

---

(e)(1) To the extent required by applicable law, pre-approval by the audit committee is needed for all audit and permissible non-audit services rendered to the registrant and all permissible non-audit services rendered to Stone Ridge Asset Management LLC (the "Adviser") or to various entities either controlling, controlled by, or under common control with the Adviser that provide ongoing services to the registrant if the services relate directly to the operations and financial reporting of the registrant. Pre-approval is currently on an engagement-by-engagement basis.

------

(e)(2) The percentage of fees billed by Ernst & Young, LLP applicable to non-audit services that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (which permits waiver of pre-approval, if certain conditions are satisfied) were as follows:

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FYE 2/28/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FYE 2/28/2025 |
|  Audit-Related Fees | 0% | 0% |
|  Tax Fees | 0% | 0% |
|  All Other Fees | 0% | 0% |

---

(f) All of the principal accountant's hours spent on auditing the registrant's financial statements were attributed to work performed by full-time permanent employees of the principal accountant.

(g) The following table indicates the non-audit fees billed or expected to be billed by the registrant's accountant for services to the registrant and to the registrant's investment Adviser and any entity controlling, controlled by, or under common control with the registrant's investment Adviser that provides ongoing services to the registrant for the last two fiscal years of the registrant.

---

| | | |
|:---|:---|:---|
|  Non-Audit Related Fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FYE 2/28/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FYE 2/28/2025 |
|  Registrant | $25100 | $24500 |
|  Registrant's Investment Adviser | $212388 | $206495 |

---

(h) The audit committee of the board of trustees has considered whether the provision of any non-audit services that were rendered to the registrant's investment Adviser and any entity controlling, controlled by, or under common control with the registrant's investment Adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant's independence.

(i) Not applicable.

(j) Not applicable.

**<u>Item 5. Audit Committee of Listed Registrants.</u>** 

Not applicable to registrants who are not listed issuers (as defined in Rule 10A-3 under the Securities Exchange Act of 1934).

**<u>Item 6. Investments.</u>** 

(a) Schedule of Investments and Summary Schedule of Investments are included as part of the annual report to shareholders
filed under Item 1 of this Form N-CSR.

------

(b) Not applicable.

**<u>Item</u><u> </u><u>7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.</u>** 

Not applicable to closed-end management investment companies.

**<u>Item</u><u> </u><u>8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.</u>** 

Not applicable to closed-end management investment companies.

**<u>Item 9. Proxy Disclosure for Open-End Management Investment Companies.</u>** 

Not applicable to closed-end management investment companies.

**<u>Item</u><u> </u><u>10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.</u>** 

Not applicable to closed-end management investment companies.

**<u>Item</u><u> </u><u>11. Statement Regarding Basis for Approval of Investment Advisory Contract.</u>** 

Statement Regarding Basis for Approval of Investment Advisory Contract is included as part of the report to shareholders filed under Item 1 of this Form N-CSR.

**<u>Item</u><u> </u><u>12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</u>** 

**PROXY VOTING POLICIES AND PROCEDURES** 

*Purpose and General Statement* 

The purpose of this policy is to set forth the principles and procedures by which the Adviser votes or gives consents with respect to the securities owned by the Clients for which the Adviser exercises voting authority and discretion (the "Votes"). For avoidance of doubt, a Vote includes any proxy and any shareholder vote or consent, including a vote or consent for a private company that does not involve a proxy.<sup>1</sup> This policy has been designed to ensure that Votes are voted in the best interests of Clients in accordance with the Adviser's fiduciary duties and Rule 206(4)-6 under the Adviser's Act.

*Policy* 

In the ordinary course of conducting the Adviser's activities, the interests of a Client may conflict with the interests of the Adviser, other Clients and/or the Adviser's affiliates and their clients. Any conflicts of interest relating to the voting of Votes will be addressed in accordance with these policies and procedures.

<sup>1</sup> A Vote does not include consent rights that primarily entail decisions to buy or sell investments, such as tender or exchange offers, conversions, put options, redemption and Dutch auctions.

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The guiding principle by which the Adviser votes all Votes is to vote in the best interests of each Client by maximizing the economic value of the relevant Client's holdings, taking into account the relevant Client's investment horizon, the contractual obligations under the relevant advisory agreements or comparable documents and any other relevant facts and circumstances the Adviser determines to be appropriate at the time of the Vote.

*Voting Procedures and Approach* 

It is the general policy of the Adviser to vote or give consent on matters presented to security holders in any Vote, and these policies and procedures have been designated with that in mind. However, the Adviser may determine not to vote a proxy or review additional soliciting materials if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effect on the applicable economic interests or the value of the portfolio holding is insignificant in relation to an
individual Client account or in the aggregate with all Client accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the cost of voting the proxy or reviewing additional soliciting materials outweighs the possible benefit to the
applicable Client account, including situations where a jurisdiction imposes share blocking restrictions that may affect the ability of the portfolio managers to effect trades in the related security;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Adviser otherwise has determined that it is consistent with its fiduciary obligations not to vote the proxy or
review additional soliciting materials; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• with respect to securities on loan, the Adviser determines that the benefits to the Client of voting the proxy are
outweighed by the benefits to the Client of having the security remain out on loan or the Adviser does not have enough time to call back the loan to vote the proxy.

Adviser personnel are responsible for promptly forwarding all proxy materials, consent or voting requests or notices or materials related to any Vote to the CCO. The CCO shall be responsible for ensuring that each Vote is cast timely and as otherwise required by the terms of such Vote and consistent with the requirements of this policy. The CCO will consult with the relevant investment professional(s) to determine how to proceed. In most cases, the CCO will cast the Vote as recommended by the investment professional(s), unless she concludes that doing so would not be in the Client's best interests. In addition to the recommendation of the investment professional(s), the CCO may take into account any other information and may consult with others as she deems relevant and appropriate in order to arrive at a decision based on the overriding principle of seeking the maximization of the economic value of the relevant Clients' holdings.

*Conflicts of Interest Review* 

Adviser personnel and, in particular, Employees who provide a recommendation on how a Vote should be cast, are responsible for informing the CCO of all material information relating to any potential conflict of interest in connection with a Vote. If any Employee is pressured or lobbied either from within or outside of the Adviser with respect to any particular voting decision, he or she should contact the CCO. The CCO will use her best judgment to address any such conflict of interest and ensure that it is resolved in accordance with her independent assessment of the best interests of the Clients.

*Engagement of Proxy Advisers* 

Consistent with the Clients' governing documents and other disclosure documents, unaffiliated third parties may be used to help resolve conflicts or to otherwise assist the Adviser in fulfilling all or part of its voting obligations. In this regard, the Adviser may retain independent fiduciaries, consultants or professionals (collectively, "Proxy Advisers") to assist with voting decisions and/or to which voting powers may be delegated. In determining whether to engage (and whether to continue to retain) a Proxy Adviser, the CCO will evaluate whether the Proxy Adviser has the capacity and competency to adequately analyze the matters for which the Adviser is responsible for Voting, considering such factors as the CCO deems appropriate, which may include, among other things:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the quality of the Proxy Adviser's staffing and personnel;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the technology and information used to form the basis of the Proxy Adviser's voting recommendations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the processes and methodologies the Proxy Adviser uses in formulating its voting recommendations, including when and how
the Proxy Adviser engages with issuers and third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the adequacy of the Proxy Adviser's disclosure of its processes and methodologies; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Proxy Adviser's policies for identifying, disclosing and addressing potential conflicts of interest, including
conflicts that generally arise from providing proxy voting recommendations, proxy services and related activities.

In the event the Adviser retains a Proxy Adviser, the CCO will be responsible for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• conducting ongoing oversight of the Proxy Adviser to ensure the Proxy Adviser continues to vote proxies in the best
interest of the Clients;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• requesting that the Proxy Adviser keep the Adviser apprised of any material changes or conflicts of interest with
respect to the Proxy Adviser's business so the Adviser can determine whether such changes are relevant to an assessment of the Proxy Adviser's ability to provide its services and how any conflicts of interest are being addressed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confirming that the Proxy Adviser has complied with its obligations by undertaking a periodic sampling of proxy votes;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• determining that the Proxy Adviser has the capacity and competency to adequately analyze proxy issues by providing
materially accurate information.

*Registered Fund Disclosure Requirements* 

The Registered Funds will include the required disclosure relating to proxy voting in the appropriate filings and will, in accordance with Rule 30b1-4 under the 1940 Act, file with the SEC an annual record of proxies voted by a fund on Form N-PX. Form N-PX must be filed each year no later than August 31 and must contain each Registered Fund's proxy voting record for the most recent twelve-month period ending June 30.

The Registered Funds must also state in their disclosure documents that information regarding how the Registered Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available (1) without charge, upon request, by calling a specified toll-free (or collect) telephone number; or on or through the Registered Fund's website at a specified Internet address; or both; and (2) on the SEC's website at http://www.sec.gov.

If a Registered Fund discloses that its proxy voting record is available by calling a toll-free (or collect) telephone number, and the Registered Fund (or financial intermediary through which shares of the Registered Fund may be purchased or sold) receives a request for this information, the Registered Fund (or financial intermediary) must send the information disclosed in the Registered Fund's most recently filed report on Form N-PX within three business days of receipt of the request, by first-class mail or other means designed to ensure equally prompt delivery.

If a Registered Fund discloses that its proxy voting record is available on or through its website, the Registered Fund must make available free of charge the information disclosed in the Registered Fund's most recently filed report on Form N-PX on or through its website as soon as reasonably practicable after filing the report with the SEC. The information disclosed in the Fund's most recently filed report on Form N-PX must remain available on or through the Registered Fund's website for as long as the Registered Fund remains subject to the requirements of Rule 30b1-4 and discloses that the Registered Fund's proxy voting record is available on or through its website.

It is the responsibility of Legal and Compliance to ensure that the Registered Funds satisfy the disclosure requirements.

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**<u>Item</u><u> </u><u>13. Portfolio Managers of Closed-End Management Investment Companies.</u>** 

Information is provided as of May 8, 2026.

James Egan, Paul Germain, Joseph O, Tomer Seifan and Ross Stevens are the Portfolio Managers of the Fund. Mr. Germain and Mr. Seifan have been Portfolio Managers of the Fund since inception. Mr. Egan has been a Portfolio Manager of the Fund since January 2017. Mr. Stevens has been a Portfolio Manager since the Fund's inception, except for the period from June 2020 to June 2021. Mr. O has been a Portfolio Manager since December 2022.

***James Egan.*** James Egan, Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Germain, Mr. O, Mr. Seifan and Mr. Stevens. Prior to joining Stone Ridge in 2016, Mr. Egan was the Vice President of Research and Strategy at Evolution Capital Management, where he worked from 2013 to 2016. He started his career at Bridgewater Associates in the Research Department. Mr. Egan received his BSE from Princeton University in Electrical Engineering.

***Paul Germain***. Paul Germain, Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Egan, Mr. O, Mr. Seifan and Mr. Stevens. 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).

***Joseph O.*** Joseph O, Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Egan, Mr. Germain, Mr. Seifan and Mr. Stevens. Prior to joining Stone Ridge in 2016, Mr. O was an Executive Director at Arden

Asset Management, where he worked from 2014 to 2016. Mr. O received his MBA and MSF from Boston College and his BCom in Commerce and Finance from the University of Toronto.

***Tomer Seifan***. Tomer Seifan, Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Egan, Mr. Germain, Mr. O and Mr. Stevens. Prior to joining Stone Ridge in 2015, Mr. Seifan was the Head of Structuring and Solutions for Global Markets in the Americas at BNP Paribas and led a number of structuring and structured products groups at BNP Paribas from 2008 to 2015. Mr. Seifan received his JD from Georgetown University and his BA from Yale University.

***Ross Stevens***. Ross Stevens, Portfolio Manager of the Fund, is responsible for the day-to-day management of the Fund and its investments jointly with Mr. Egan, Mr. Germain, Mr. O and Mr. Seifan. 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).

**(a)(2)** 

Information is provided as of February 28, 2026.

The table below identifies the number of accounts for which Mr. Egan, Mr. Germain, Mr. O, Mr. Seifan and Mr. Stevens have day-to-day management responsibilities and the total assets in such accounts, within each of the following categories: registered investment companies, other pooled investment vehicles, and other accounts.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Registered Investment**<br> **<u>Companies</u>** | **Registered Investment**<br> **<u>Companies</u>** | **Other Pooled**<br> **<u>Investment Vehicles</u>** | **Other Pooled**<br> **<u>Investment Vehicles</u>** | **<u>Other Accounts</u>** | **<u>Other Accounts</u>** |
| **Portfolio Manager** | **Number of**<br> **Accounts<sup>(1)</sup>** | **Total Assets**<br> **(in millions)** | **Number of<br>Accounts** | **Total Assets<br>(in millions)** | **Number of**<br> **Accounts** | **Total Assets**<br> **(in millions)** |
|  James Egan | 1 | $2201 | 21 | $7447 | 7 | $11587 |
|  Paul Germain | 5 | $10212 | 21 | $7447 | 7 | $11587 |
|  Joseph O | 1 | $2201 | 21 | $7447 | 3 | $3867 |
|  Tomer Seifan | 1 | $2201 | 42 | $18364 | 5 | $9036 |
|  Ross Stevens | 16 | $8219 | 4 | $2158 | 0 | $0 |

---

(1) Includes the Fund.

The table below identifies the number of accounts for which Mr. Egan, Mr. Germain, Mr. Seifan and Mr. Stevens have day-to-day management responsibilities and the total assets in such accounts with respect to which the advisory fee is based on the performance of the account, within each of the following categories: registered investment companies, other pooled investment vehicles, and other accounts.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Registered Investment**<br> **Companies for which the**<br> **Adviser receives a**<br> **<u>performance-based fee</u>** | **Registered Investment**<br> **Companies for which the**<br> **Adviser receives a**<br> **<u>performance-based fee</u>** | **Other Pooled**<br> **Investment Vehicles**<br> **managed for which the**<br> **Adviser receives a**<br> **<u>performance-based fee</u>** | **Other Pooled**<br> **Investment Vehicles**<br> **managed for which the**<br> **Adviser receives a**<br> **<u>performance-based fee</u>** | **Other Accounts managed**<br> **for which the Adviser**<br> **receives a**<br> **<u>performance-based fee</u>** | **Other Accounts managed**<br> **for which the Adviser**<br> **receives a**<br> **<u>performance-based fee</u>** |
| **Portfolio Manager** | **Number of**<br> **Accounts<sup>(1)</sup>** | **Total Assets**<br> **(in millions)** | **Number of**<br> **Accounts** | **Total Assets<br>(in millions)** | **Number of**<br> **Accounts** | **Total Assets**<br> **(in millions)** |
|  James Egan | 0 | $0 | 0 | $0 | 0 | $0 |
|  Paul Germain | 0 | $0 | 0 | $0 | 0 | $0 |
|  Joseph O | 0 | $0 | 0 | $0 | 0 | $0 |
|  Tomer Seifan | 0 | $0 | 8 | $3028 | 0 | $0 |
|  Ross Stevens | 0 | $0 | 1 | $51 | 0 | $0 |

---

(1) Includes the Fund.

**Potential Conflicts of Interest** 

Each of the Portfolio Managers is also responsible for managing other accounts in addition to the Fund, including other accounts of the Adviser or its affiliates. Other accounts may include other investment companies registered under the 1940 Act, unregistered investment companies that rely on Section 3(c)(1) or Section 3(c)(7) of the 1940 Act, separately managed accounts, foreign investment companies and accounts or investments owned by the Adviser or its affiliates or the Portfolio Managers. Management of other accounts in addition to the Fund can present certain conflicts of interest, as described below.

From time to time, conflicts of interest arise between a Portfolio Manager's management of the investments of the Fund, on the one hand, and the management of other accounts, on the other. The other accounts might have similar or different investment objectives or strategies as the Fund, or otherwise hold, purchase, or sell securities or other assets or instruments that are eligible to be held, purchased or sold by the Fund, or may take positions that are opposite in direction from those taken by the Fund. In addition, investors in, or the owners of, certain accounts managed by the Adviser are also investors in the Adviser or its affiliates and/or have indicated an intention to invest additional assets in accounts managed by the Adviser and for which the Adviser will receive a management fee.

As a fiduciary, the Adviser owes a duty of loyalty to its clients and must treat each client fairly. The Adviser

------

and the Fund have adopted compliance policies and procedures that are designed to avoid, mitigate, monitor and oversee areas that could present potential conflicts of interest.

*Allocation of Limited Time and Attention.* A Portfolio Manager who is responsible for managing multiple accounts may devote unequal time and attention to the management of those accounts. As a result, the Portfolio Manager may not be able to formulate as complete a strategy or identify equally attractive investment opportunities for each of the accounts as might be the case if he or she were to devote substantially more attention to the management of a single account. The effects of this potential conflict may be more pronounced where accounts overseen by a particular Portfolio Manager have different investment strategies.

*Allocation of Investment Opportunities.* Conflicts of interest arise as a result of the Adviser's or its affiliates' management of a number of accounts with similar or different investment strategies. When the Adviser or its affiliates purchase or sell securities or other assets or instruments for more than one account, the trades must be allocated in a manner consistent with their fiduciary duties. The Adviser and its affiliates attempt to allocate investments in a fair and equitable manner over time among client accounts, with no account receiving preferential treatment over time. To this end, the Adviser and its affiliates have adopted policies and procedures that are intended to provide the Adviser and its affiliates with flexibility to allocate investments in a manner that is consistent with their fiduciary duties. There is no guarantee, however, that the policies and procedures adopted by the Adviser and its affiliates will be able to detect and/or prevent every situation in which an actual or potential conflict may appear.

An investment opportunity may be suitable for both the Fund and other accounts, but may not be available in sufficient quantities for both the Fund and the other accounts to participate fully. If a Portfolio Manager identifies a limited investment opportunity that may be suitable for multiple accounts, the opportunity may be allocated among these several accounts; as a result of these allocations, there may be instances in which the Fund will not participate in a transaction that is allocated among other accounts or the Fund may not be allocated the full amount of an investment opportunity. Similarly, there may be limited opportunity to sell an investment held by the Fund and another account. In addition, different account guidelines and/or differences within particular investment strategies may lead to the use of different investment practices for accounts with a similar investment strategy. Whenever decisions are made to buy or sell securities or other assets or instruments by the Fund and one or more of the other accounts simultaneously, the Adviser and its affiliates may aggregate the purchases and sales of the securities or other assets or instruments. The Adviser and its affiliates will not necessarily purchase or sell the same securities or other assets or instruments at the same time, in the same direction or in the same proportionate amounts for all eligible accounts, particularly if different accounts have different amounts of capital under management by the Adviser or its affiliates, different amounts of investable cash available, different strategies or different risk tolerances. As a result, although the Adviser and its affiliates may manage different accounts with similar or identical investment objectives, or may manage accounts with different objectives that trade in the same securities or other assets or instruments, the portfolio decisions relating to these accounts, and the performance resulting from such decisions, may differ from account to account, and the trade allocation and aggregation and other policies and procedures of the Fund or the Adviser and its affiliates could have a detrimental effect on the price or amount of the securities or other assets or instruments available to the Fund from time to time. Because the aforementioned considerations may differ between the Fund and other 30 accounts, the investment activities of the Fund and other accounts may differ considerably from time to time. In addition, the Fund could be disadvantaged because of activities conducted by the Adviser or its affiliates for their other accounts, or by the Adviser or its affiliates for their own accounts, as a result of, among other things, the difficulty of liquidating an investment for more than one account where the market cannot absorb the sale of the combined positions.

As a result of regulations governing the ability of certain clients of the Adviser and its affiliates to invest side-by-side, it is possible that the Fund may not be permitted to participate in an investment opportunity at the same time as another fund or another account managed by the Adviser or its affiliates. These limitations may limit the scope of investment opportunities that would otherwise be available to the Fund. The decision as to which accounts may participate in any particular investment opportunity will take into account applicable law and the suitability of the investment opportunity for, and the strategy of, the applicable accounts. It is possible that the Fund may be prevented from participating due to such investment opportunity being more appropriate, in the discretion of the Adviser and its affiliates, for another account.

------

*Conflicts of Interest Among Strategies.* At times, a Portfolio Manager may determine that an investment opportunity may be appropriate for only some of the accounts for which he or she exercises investment responsibility, or may decide that certain of the accounts should take differing positions with respect to a particular security or other asset or instrument. In these cases, the Portfolio Manager may place separate transactions for one or more accounts, which may affect the market price of the security or other asset or instrument or the execution of the transaction, or both, to the detriment or benefit of one or more other accounts. Similarly, the Adviser or its affiliates may take positions in accounts or investments owned by them or on behalf of clients that are similar to or different from those taken by one or more client accounts.

Conflicts may also arise in cases when accounts invest in different parts of an issuer's capital structure, including circumstances in which one or more accounts own private securities or obligations of an issuer and other accounts may own public securities of the same issuer. Actions by investors in one part of the capital structure could disadvantage investors in another part of the capital structure. In addition, purchases or sales of the same investment may be made for two or more accounts on the same date. There can be no assurance that an account will not receive less (or more) of a certain investment than it would otherwise receive if this conflict of interest among accounts did not exist. In effecting transactions, it may not be possible, or consistent with the investment objectives of accounts, to purchase or sell securities or other assets or instruments at the same time or at the same prices.

*Selection of Service Providers.* The Adviser or its affiliates may be able to select or influence the selection of service providers to clients, including the brokers and dealers that are used to execute securities or other transactions for the accounts that they supervise. In addition to executing trades, some brokers and dealers may provide the Adviser or its affiliates with brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")), which may result in the payment of higher brokerage fees than might have otherwise been available. These services may be more beneficial to certain accounts than to others. In addition, the Adviser or its affiliates have received and may receive loans or other services from service providers to clients. Although such services are negotiated at arm's length, they pose conflicts of interest to the Adviser or its affiliates in selecting such service providers.

*Related Business Opportunities*. The Adviser or its affiliates may provide more services (such as distribution or recordkeeping) for some types of accounts than for others. In such cases, a Portfolio Manager may benefit, either directly or indirectly, by devoting disproportionate attention to the management of accounts that provide greater overall returns to the Adviser and its affiliates.

*Broad and Wide-Ranging Activities.* The Adviser and its related parties engage in a broad spectrum of activities and may expand the range of services that they provide over time. The Adviser and its related parties will generally not be restricted in the scope of their business or in the performance of any such services (whether now offered or undertaken in the future), even if such activities could give rise to conflicts of interest, and whether or 31 not such conflicts are described herein. In the ordinary course of their business activities, including activities with third-party service providers, lenders and/or counterparties, the Adviser and its related parties engage in activities where the interests of the Adviser and its related parties or the interests of their clients conflict with the interests of the shareholders of the Fund. Certain employees of the Adviser, including certain Portfolio Managers of the Fund, also have responsibilities relating to the business of one or more related parties. These employees are not restricted in the amount of time that may be allocated to the business activities of the Adviser's related parties, and the allocation of such employees' time between the Adviser and its related parties may change over time.

*Variation in Compensation.* A conflict of interest arises where the financial or other benefits available to the Adviser differ among the accounts that it manages. The structure of the Adviser's management fee differs among accounts (such as where certain accounts pay higher management fees or a performance or incentive fee), which means the Adviser might be motivated to help certain accounts over others. In addition, a Portfolio Manager or the Adviser might be motivated to favor accounts in which such Portfolio Manager has an interest or in which the Adviser and/or its affiliates have interests. Similarly, the desire to maintain or raise assets under management or to enhance the Adviser's performance record or to derive other rewards, financial or otherwise, could influence the Adviser to lend preferential treatment to those accounts that could most significantly benefit the Adviser.

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*Investments in the Fund by the Adviser.* The Adviser or its affiliates purchase Shares from time to time, and may hold a material position in the Fund. The Adviser or its affiliates face conflicting interests in determining whether, when and in what amount to tender Shares for repurchase in connection with periodic repurchase offers by the Fund. If the Adviser or its affiliate tenders a significant number of Shares in connection with a periodic repurchase offer, this could cause the repurchase offer to be oversubscribed and shareholders participating in the repurchase offer (including the Adviser or its affiliates) would only be able to have a portion of their Shares repurchased. In such a case, the Adviser or its affiliates would be subject to the resulting proration of tendered amounts on a pari passu basis with all other tendering investors. Other possible risks associated with the Fund's repurchase offers are described under "Principal Risks of Investment in the Fund—Repurchase Offers Risk" in the Prospectus.

*Investments by Adviser or Related Entities.* The Adviser, its affiliates and/or related entities have made investments in alternative lending-related securities for its or their own accounts prior to the commencement of investment operations of the Fund in order to test the investment strategy and infrastructure of the Fund and its service providers. The Adviser, its affiliates and/or related entities have made investments, and may make additional investments, in alternative lending-related securities following commencement of investment operations of the Fund.

In addition, the Adviser, its affiliates and/or related entities have made, and may from time to time make, equity investments in one or more companies that operate alternative lending platforms from which the Fund may purchase alternative lending-related securities. The Adviser, its affiliates and/or related entities may invest in entities that may provide financial or other services for the Fund.

*Certain Potential Conflicts Relating to Expenses.* The allocation of fees and expenses among the Fund and other funds or accounts advised by the Adviser will often require the Adviser to exercise its discretion to select an allocation method it determines to be appropriate in light of the particular facts and circumstances. The Adviser will be subject to conflicts of interest in making such determinations, and there can be no assurance that any allocations (i) will reflect an entity's pro rata share of such expenses based on the amounts invested (or anticipated to be invested) and/or the market value of the investment held (or anticipated to be held) by each fund advised by the Adviser, or (ii) will be in proportion to the number of participating funds advised by the Adviser or the proportion of time spent on each such fund. Similarly, the determination of whether an expense (for instance, the fees and expenses of service providers who work on Fund-related matters) is appropriately borne by the Fund or the Adviser often cannot be resolved by reference to a pre-existing formula and will require the exercise of discretion, and the Adviser will be subject to conflicts of interest in making such determinations.

**<u>(a)(3)</u>** 

As of February 28, 2026, Portfolio Managers receive a base salary and may also receive a bonus. Compensation of a Portfolio Manager is determined at the discretion of the Adviser and may be deferred. It may be based on a number of factors including the Portfolio Manager's experience, responsibilities, the perception of the quality of his or her work efforts, and the consistency with which he or she demonstrates kindness to other employees, trading counterparties, vendors, and clients. As a firm focused on beta, the compensation of Portfolio Managers is not based upon the performance of client accounts that the Portfolio Managers manage. The Adviser reviews the compensation of each Portfolio Manager at least annually.

**(a)(4)**.

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As of February 28, 2026, the Portfolio Managers beneficially owned the following shares of the Fund:

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Portfolio Manager** | **Dollar Range of Shares Beneficially Owned** |
| &nbsp;&nbsp;&nbsp; James Egan | $100001 - $500000 |
| &nbsp;&nbsp;&nbsp; Paul Germain | $100001 - $500000 |
| &nbsp;&nbsp;&nbsp; Joseph O | $10001 - $50000 |
| &nbsp;&nbsp;&nbsp; Tomer Seifan | Over $1,000,000 |
| &nbsp;&nbsp;&nbsp; Ross Stevens | Over $1,000,000 |

---

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**<u>Item</u><u> </u><u>14. Purchases of Equity Securities by Closed</u><u>-End Management Investment Company and Affiliated Purchasers.</u>** 

Not applicable.

**<u>Item 15. Submission of Matters to a Vote of Security Holders.</u>** 

Not applicable.

**<u>Item 16. Controls and Procedures.</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's President and Treasurer have reviewed the Registrant's disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such
officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others
within the Registrant and by the Registrant's service provider.

&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial
reporting.

**<u>Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>** 

The registrant did not engage in securities lending activities during the fiscal year reported on this Form N-CSR.

**<u>Item 18. Recovery of Erroneously Awarded Compensation.</u>** 

Not applicable

**<u>Item 19. Exhibits.</u>** 

*(a)* (1) *[Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit.](d80272dex99codeeth.htm)* [Filed herewith.](d80272dex99codeeth.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant's securities are listed. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) *[A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)).](d80272dex99cert.htm)*[Filed herewith.](d80272dex99cert.htm)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) *[Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons.](d80272dex99rule23c1.htm)*[Filed herewith.](d80272dex99rule23c1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Change in the registrant's independent public accountant. There was no change in the registrant's independent public accountant for the period covered by this report. Not applicable.

*(b)* *[Certifications required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section](d80272dex99906cert.htm)* [*1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350).* Furnished herewith.](d80272dex99906cert.htm)

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| |
|:---|
| (Registrant) <u>Stone Ridge Trust V</u>  |
| By (Signature and Title)\* <u>/s/ Ross Stevens</u>  |
| &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ross Stevens, President, Chief<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Officer, and Principal<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Officer |
| Date: 5/8/2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| |
|:---|
| By (Signature and Title)\* <u>/s/ Ross Stevens</u>  |
| &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ross Stevens, President, Chief<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Officer, and Principal<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Officer |
| Date: 5/8/2026 |

---

---

| |
|:---|
| By (Signature and Title)\* <u>/s/ Maura Keselowsky</u>  |
| &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maura Keselowsky, Treasurer,<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Officer, Chief<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Officer, and Chief<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounting Officer |
| Date: 5/8/2026 |

---

*\* Print the name and title of each signing officer under his or her signature.*

## Ex-99.Code

EX.99.CODE ETH

**Code of Ethics for Principal Executive and Principal Financial Officers** 

*Regulatory Background* 

In accordance with Sarbanes-Oxley (the "SOX Act") and the rules promulgated thereunder by the U.S. Securities and Exchange Commission ("SEC"), each Trust, on behalf of its series, is required to file, on a semi-annual basis, a report on Form N-CSR in which each Registered Fund must disclose whether it has adopted, for the purposes set forth below, a code of ethics applicable to certain of its officers. The Board, including a majority of the Independent Board Members, has approved this Code of Ethics ("Code") as compliant with the requirements of the SOX Act and related SEC rules.

*Covered Officers/Purpose of the Code* 

This Code applies to each Trust's Principal Executive Officer and Principal Financial Officer (the "Covered Officers," each of whom are set forth in Exhibit A) for the purpose of promoting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• full, fair, accurate, timely and understandable disclosure in reports and documents that each Registered Fund
files with, or submits to, the SEC and in other public communications made by each Registered Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• compliance with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the
Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

*Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest* 

A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his or her service to, the Registered Fund. For example, a conflict of interest would arise if a Covered Officer receives improper personal benefits as a result of his or her position with the Registered Fund.

Certain conflicts of interest may arise out of the relationships between Covered Officers and a Trust and already are subject to conflict of interest provisions in the 1940 Act and the Advisers Act. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Registered Fund because of their status as "affiliated persons" of a Registered Fund. Each Registered Fund and certain of its service providers' compliance programs and procedures are designed to prevent, or identify and correct violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside the parameters of this Code.

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Although typically not presenting an opportunity for improper personal benefit, conflicts may arise from, or as a result of, the contractual relationship between each Registered Fund and the Adviser, of which the Covered Officers may be officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether for a Registered Fund or the Adviser), be involved in establishing policies and implementing decisions that will have different effects on the Adviser and the Registered Fund. The participation of the Covered Officers in such activities is inherent in the contractual relationships between each Registered Fund and the Adviser and is consistent with the performance by the Covered Officers of their duties as officers of the Registered Fund. Thus, if performed in conformity with the provisions of the 1940 Act and the Advisers Act, such activities normally will be deemed to have been handled ethically. In addition, it is recognized by the Board that the Covered Officers may also be officers or employees of one or more other investment companies covered by this Code or other codes of ethics.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the 1940 Act and the Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Registered Fund.

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• not use his or her personal influence or personal relationships improperly to influence investment decisions
or financial reporting by a Registered Fund whereby the Covered Officer would benefit personally to the detriment of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• not cause a Registered Fund to take action, or fail to take action, for the individual personal benefit of the
Covered Officer rather than the benefit of such Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• not use material non-public knowledge of portfolio transactions made
or contemplated for a Registered Fund to trade personally or cause others to trade personally in contemplation of the market effect of such transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• report at least annually the information elicited in any officer questionnaire relating to potential conflicts
of interest.

There are some conflict of interest situations that must be discussed with the Trusts' Audit Committee if material. Some examples of such situations include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• service as a Board Member on the board of any company (public or private), other than a management investment
company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the receipt of any non-nominal gifts or entertainment from any company
with which a Trust or any Registered Fund has current or prospective business dealings, unless such entertainment is business related, reasonable in cost, appropriate as to time and place and not so frequent as to raise any question of impropriety;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any ownership interest in, or any consulting or employment relationship with, any of a Registered Fund's
service providers, other than the Adviser or any affiliated person thereof; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a direct or indirect financial interest in commissions, transaction charges or spreads paid by a Registered
Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as compensation or equity ownership.

*Disclosure and Compliance* 

Each Covered Officer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• should familiarize himself or herself with the disclosure requirements generally applicable to a Registered
Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• should not knowingly misrepresent, or cause others to misrepresent, facts about the Registered Funds to
others, whether within or outside a Trust, including to the Board Members and auditors, governmental regulators or self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• should, to the extent appropriate within his or her area of responsibility, consult with other officers and
employees of a Trust, the Adviser and other Registered Fund service providers, with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents a Registered Fund files with, or submits to, the SEC
and in other public communications made by such Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• has the responsibility to promote compliance with the standards and restrictions imposed by applicable laws,
rules and regulations.

*Reporting and Accountability by Covered Officers* 

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• upon adoption of the Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing
(in the form attached hereto as Exhibit B) to the Board that he or she has received, read, and understands the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annually thereafter affirm (in the form attached hereto as Exhibit B) to the Board that he or she has complied
with the requirements of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• not retaliate against any other Covered Officer or any employee or agent of an affiliated person of a Fund for
good faith reports of potential violations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• notify the Trust's Audit Committee promptly if he or she knows of any violation of this Code. Failure to
do so is itself a violation of this Code.

*Enforcement* 

The Audit Committee is responsible for applying this Code to specific situations in which questions are presented under it and has the authority to interpret this Code in any particular situation. Any approvals or waivers sought by a Covered Officer will be considered by the Audit Committee. The Audit Committee is authorized to consult, as appropriate, with counsel to the Funds.

Each Trust will follow these procedures in investigating and enforcing this Code:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Audit Committee will take all appropriate action to investigate any potential violations reported to the
Audit Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if, after such investigation, the Audit Committee believes that no violation has occurred, the Audit Committee
is not required to take any further action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any matter that the Audit Committee believes is a material violation will be promptly reported to the Board.
The Board Members, with the exception of any person whose matter is under consideration for a waiver, shall take such actions as they consider appropriate, including imposition of any sanctions that they consider appropriate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no person shall participate in a determination of whether he or she has committed a violation of this Code or
in the imposition of any sanction against himself or herself.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Audit Committee will be responsible for granting waivers, as appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any amendments to or waivers of this Code will, to the extent required, be disclosed as provided by SEC rules.

*Other Policies and Procedures* 

This Code shall be the sole code of ethics adopted by the Trusts for purposes of Section 406 of the SOX Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Trusts, the Adviser or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this Code. The Trusts' code of ethics and any code of ethics of the Adviser under Rule 17j-1 under the 1940 Act are separate requirements applying to the Covered Officers and others, and are not part of this Code.

*Amendment; Interpretation of Provisions* 

The Board Members may from time to time amend this Code or adopt such interpretations of this Code as they deem appropriate.

*Confidentiality* 

All reports and records prepared or maintained pursuant to this Code shall be treated as confidential and shall not be disclosed to anyone other than the Board, the Covered Officers and Trust counsel, except as otherwise requested in accordance with applicable law.

*Internal Use* 

The Code is intended solely for the internal use by the Trusts and does not constitute an admission, by or on behalf of the Trusts, as to any fact, circumstance, or legal conclusion.

**Last Amended: July 17, 2024** 

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**<u>EXHIBIT A</u>**

**Persons Covered by this Code of Ethics (Covered Officers)** 

Principal Executive Officer: Ross Stevens

Principal Financial Officer: Maura Keselowsky

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**<u>EXHIBIT B</u>**

**Code of Ethics for Principal Executive and Principal Financial Officers** 

**INITIAL AND ANNUAL CERTIFICATION OF** 

**COMPLIANCE WITH THE** 

**CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND PRINCIPAL FINANCIAL OFFICERS** 

**To: The Board** 

[Initial] I hereby certify that I have received the Code of Ethics for Principal Executive and Principal Financial Officers adopted pursuant to the Sarbanes-Oxley Act of 2002 (the "Code") and that I have read and understood the Code. I further certify that I am subject to the Code and will comply with each of the Code's provisions to which I am subject.

[Annual] I hereby certify that I have received the Code of Ethics for Principal Executive and Principal Financial Officers adopted pursuant to the Sarbanes-Oxley Act of 2002 (the "Code") and that I have read and understood the Code. I further certify that I have complied with and will continue to comply with each of the provisions of the Code to which I am subject.

---

| |
|:---|
| <br> (Signature) |
| Name:<u> </u> |
| Date:<u> </u> |

---

Regulatory Compliance Manual

October 2025

## Ex-99.Cert

EX.99.CERT

**<u>CERTIFICATIONS</u>** 

I, Ross Stevens, certify that:

1. I have reviewed this report on Form N-CSR of Stone Ridge Trust V;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
|  Date: | 5/8/2026  | /s/ Ross Stevens  |
|  |  | Ross Stevens<br> President, Chief Executive Officer, and Principal<br> Executive Officer |

---

------

EX.99.CERT

**<u>CERTIFICATIONS</u>** 

I, Maura Keselowsky, certify that:

1. I have reviewed this report on Form N-CSR of Stone Ridge Trust V;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
|  Date: | 5/8/2026  | /s/ Maura Keselowsky  |
|  |  | Maura Keselowsky<br> Treasurer, Principal Financial Officer, Chief<br> Financial Officer and Chief Accounting Officer |

---

## Ex-99.Rule23C1

**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**SHAREHOLDER REPURCHASE OFFER NOTICE** 

February 13, 2026

Dear Stone Ridge Alternative Lending Risk Premium Fund Shareholder:

The Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is a closed-end interval fund that makes quarterly offers to repurchase a portion of its outstanding shares at net asset value ("<u>NAV</u>") per share. These quarterly repurchase offers provide shareholders with some liquidity. Prior to each quarterly repurchase offer, the Fund is required to send notification of the repurchase offer to all of its shareholders. You will receive a notice similar to this once per quarter. The Fund will offer to repurchase shares only at the time of the regularly scheduled quarterly repurchase offer.

**If you are not interested in tendering your shares for repurchase at this time, you may disregard this letter and take no action.** 

**If you are interested in tendering your shares for repurchase, please first determine whether you own your shares at an account at a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") or directly through U.S. Bank Global Fund Services (the "<u>Transfer Agent</u>"). If you are unsure, please check your most recent account statement. If your account statement is from the Transfer Agent and includes the Stone Ridge logo in the upper left corner, please follow the instructions set forth herein and return the enclosed form in order to submit a repurchase request. If your account statement is from an Authorized Intermediary, please contact your Authorized Intermediary for assistance and provide all of the information that they require on or prior to the Repurchase Request Deadline specified in the Repurchase Offer Terms attached. Alternatively, if another person, such as an investment adviser, has authority to act on your behalf, please contact such person.** 

The Fund's February 2026 repurchase offer begins on February 13, 2026 and ends at 4:00 p.m. (ET) on March 6, 2026.

**Because the Fund is a closed-end interval fund, it is legally permitted to repurchase only a specified portion of its outstanding shares on any repurchase date. Therefore, there can be no assurance that the Fund will be able to repurchase all the shares that you tender even if you tender all the shares that you own**.

**The Repurchase Request Deadline will be strictly observed. If you (or another person acting on your behalf) or your Authorized Intermediary fails to submit the required information to the Transfer Agent or to take any other required action on or before 4:00 p.m. (ET) on March 6, 2026, the Fund will not repurchase any of your shares until a subsequent quarterly repurchase offer, at which time you must submit a new repurchase request for that offer.** 

If you have any questions and you hold your shares through an Authorized Intermediary, please contact your Authorized Intermediary or, if applicable, your investment adviser. If you do not hold your shares through an Authorized Intermediary, a service representative at the Transfer Agent is available by calling 800-236-4424.

As always, we value our relationship with you and hope to continue to serve your investment needs.

Regards,

Stone Ridge Alternative Lending Risk Premium Fund

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**Repurchase Offer Terms** 

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| | |
|:---|:---|
| **Repurchase Request Deadline:**<br> **Repurchase Pricing Date:** | **4:00 p.m. (ET) on March 6, 2026**<br> **March 6, 2026** |

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**1. The Offer.** Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is offering to repurchase for cash up to seven percent (7.0%) of the aggregate of its shares ("<u>Shares</u>") that are issued and outstanding on the Repurchase Request Deadline at a price equal to the net asset value ("<u>NAV</u>" or "<u>Net Asset Value</u>") determined as of the close of the New York Stock Exchange (the "<u>Exchange</u>") on the Repurchase Pricing Date, upon the terms and conditions set forth in (i) this Stone Ridge Alternative Lending Risk Premium Fund Shareholder Repurchase Offer Notice, (ii) the Fund's Prospectus, and, (iii) if you hold your Shares directly through U.S. Bancorp Fund Services, LLC, the Fund's transfer agent (the "<u>Transfer Agent</u>"), the enclosed Repurchase Request Form. Collectively, those documents constitute the "<u>Offer</u>." The Offer is not conditioned upon the tender for repurchase of any minimum number of Shares.

**2. Repurchase Request Offer Period and Repurchase Request Deadline.** This quarter's Offer begins on **February 13, 2026,** and ends at **4:00 p.m. (ET) on March 6, 2026.** If you hold your Shares through a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") and wish to tender your Shares, you or another person with authority to act on your behalf, such as an investment adviser, must enter a sell order for the Shares you wish to tender or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on **March 6, 2026 prior to 4:00 p.m. (ET)**. If you are unsure of the operational procedures of your Authorized Intermediary, please contact your Authorized Intermediary or investment adviser as far in advance of the Repurchase Request Deadline as possible.

If you hold your Shares directly through the Transfer Agent, you must submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form on or after **February 13, 2026** and before **4:00 p.m. (ET) on March 6, 2026**. The Repurchase Request Deadline will be strictly observed.

**If you hold your shares through an Authorized Intermediary and you or another person acting on your behalf does not enter a sell order or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on March 6, 2026 prior to 4:00 p.m. (ET), your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund**.

**If you hold your shares through the Transfer Agent and you do not submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form before 4:00 p.m. (ET) on March 6, 2026, your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund.** 

By entering (or having entered on your behalf) a sell order on March 6, 2026 prior to the Repurchase Request Deadline or, if applicable, by timely submission of a complete Repurchase Request Form to the Transfer Agent, you waive any right to receive any notice of the acceptance of your tender.

**3. Repurchase Pricing Date.** The date on which the Fund's Net Asset Value applicable to the Offer is determined (the "<u>Repurchase Pricing Date</u>") will be **March 6, 2026, the same date as the Repurchase Request Deadline**, except as otherwise described in this paragraph. Under certain circumstances, the Repurchase Pricing Date could occur as late as the fourteenth calendar day after the Repurchase Request Deadline (or the next business day if such fourteenth calendar day is not a business day), in which case there is a risk that the Fund's Net Asset Value per Share may fluctuate between those dates.

If your repurchase request is submitted prior to the Repurchase Pricing Date, the Net Asset Value determined on the Repurchase Pricing Date may be higher or lower than the date on which you submit a repurchase request. Shares of the Fund earn dividends declared to shareholders of record through the date prior to the Repurchase Pricing Date. On **February 6, 2026**, the Net Asset Value per Share of the Fund was $45.95. Please call the Transfer Agent at 800-236-4424 for current NAV information.

**4. Payment for Shares Repurchased.** The Fund expects to distribute repurchase proceeds in cash to shareholders no later than seven calendar days after the Repurchase Pricing Date.

**5. Repurchase Charge.** The Fund does not currently charge a repurchase fee, special handling fee or processing fee for repurchases. However, your Authorized Intermediary may charge a transaction fee in connection with submitting a repurchase request.

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**6. Increase in Number of Shares Repurchased; *Pro Rata* Repurchase.** If the Offer is oversubscribed such that shareholders tender for repurchase more Shares than the Fund is offering to repurchase, the Fund may (but is not obligated to) increase the number of Shares that the Fund is offering to repurchase by up to an additional 2% of the number of Shares that are outstanding on the Repurchase Request Deadline.

If the number of Shares tendered for repurchase exceeds the number of Shares the Fund is offering to repurchase, including, when applicable, the additional up to 2% of Shares described in the immediately preceding sentence, the Fund is generally required by law to repurchase the Shares tendered on a *pro rata* basis, rounded down to the nearest .001 of a Share. **There can be no assurance that the Fund will be able to repurchase all the Shares that you tender even if you tender all the Shares that you own.** In the event of an oversubscribed Offer, you may be unable to liquidate some or all of your investment so tendered, in which case any Shares tendered by you that are not repurchased would remain in your account. You would have to wait until a subsequent quarterly repurchase offer to tender Shares that the Fund was unable to repurchase, and you would be subject to the risk of Net Asset Value fluctuations during that period. You would need to submit a new repurchase request for that offer. Any subsequent offer may also be oversubscribed.

Under certain circumstances, the Fund may, in its discretion, accept shares tendered by shareholders who own fewer than 100 shares *and* tender all of their shares for repurchase in the Offer. In that case, these shares would be accepted before prorating the shares tendered by other shareholders. Shareholders who wish to request such treatment should instruct their Authorized Intermediary or investment adviser, or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent to indicate to the Fund that they are eligible for such treatment.

In addition, if the Offer is oversubscribed as described above, the Fund will repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by an estate (the "<u>Estate Offer</u>"), provided that the Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Estate Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in an Estate Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Estate Offer**.

In addition, if the Offer is oversubscribed as described above, the Fund may also offer to repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by (i) a trust that funds a tax-qualified defined benefit plan that has terminated or that the sponsor or governing body of such plan has voted to terminate or (ii) a limited liability company that is owned by one or more such trusts (the "<u>Defined Benefit Plan Offer</u>"). A "tax-qualified defined benefit plan" means a defined benefit plan that is qualified under section 401(a) of the Internal Revenue Code of 1986, as amended (for example, a corporate defined benefit pension plan or a defined benefit Keogh plan). It does not include, among other things, any defined contribution plan, 401(k) plan or individual retirement account (IRA). The Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Defined Benefit Plan Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in a Defined Benefit Plan Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Defined Benefit Plan Offer**.

Any person who wishes to request that the Fund repurchase their Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer should instruct their Authorized Intermediary or investment adviser or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent, to indicate to the Fund that they are eligible for such treatment. If the Fund repurchases any Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer, this will not affect the number of Shares that it repurchases from other shareholders in the Offer.

A service representative at the Transfer Agent is available by calling 800-236-4424.

**7. Withdrawal or Modification of Number of Shares to be Repurchased.** If you hold your Shares directly through the Transfer Agent, Shares submitted pursuant to the Offer may be withdrawn or you may change the number of Shares submitted for repurchase at any time prior to the Repurchase Request Deadline. Direct shareholders seeking to modify or withdraw their tender of Shares must send to the Transfer Agent, at the email address or fax number noted in the Repurchase Request Form, a notice of withdrawal or notice of modification, as applicable, that specifies the name of the person withdrawing or modifying a tender of Shares and the number of Shares to be withdrawn or the modified number of Shares to be tendered. Shares properly withdrawn shall not thereafter be deemed to be tendered for purposes of the Offer. However, withdrawn Shares may be retendered by following the procedures described

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herein prior to the Repurchase Request Deadline. For further information regarding modifications or withdrawals of tenders, you may call a shareholder representative at the Transfer Agent at 800-236-4424. If your Shares are held for you by an Authorized Intermediary and you wish to modify or withdraw any instructions to your Authorized Intermediary to effect a repurchase request, please consult your Authorized Intermediary or, if applicable, your investment adviser.

**8. Suspension or Postponement of Repurchase Offer.** The Board of Trustees of Stone Ridge Trust V, of which the Fund is a series, may suspend or postpone this Offer only by a majority vote of the Trustees (including a majority of the disinterested Trustees) and only in the following limited circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) during any period in which the Exchange or any other market on which the Fund's portfolio securities are traded is closed, other than customary weekend and holiday closings, or trading in those markets is restricted; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) during any period in which an emergency exists as a result of which it is not reasonably practicable for the Fund to dispose of securities owned by it, or during which it is not reasonably practicable for the Fund fairly to determine the Net Asset Value of Fund Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the repurchase would cause the Fund to lose its status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) during other periods as the Securities and Exchange Commission permits the suspension or postponement of offers by the Fund for the protection of its shareholders.

If the Offer is suspended or postponed, the Fund will provide notice of the suspension or postponement to each shareholder of the Fund. If the Fund renews the Offer, the Fund will send a new notification to each shareholder with details concerning the terms and conditions of the renewed Offer.

**9. Certain Federal Income Tax Consequences**. The following discussion is a general summary of certain federal income tax consequences of the Offer. This summary is based on U.S. federal income tax law as of the date hereof, including the Code, applicable Treasury regulations, Internal Revenue Service ("<u>IRS</u>") rulings, judicial authority and current administrative rulings and practice, all of which are subject to change, possibly with retroactive effect. There can be no assurance that the IRS would not assert, or that a court would not sustain, a position contrary to any of those set forth below, and the Fund has not obtained, nor does the Fund intend to obtain, a ruling from the IRS or an opinion of counsel with respect to any of the consequences described below. This discussion does not address all aspects of taxation that may apply to shareholders or to specific types of shareholders such as tax-deferred retirement plans and shareholders that are not "United States persons" within the meaning of the Code (a "<u>foreign shareholder</u>"). Shareholders should review the tax information in the Fund's Prospectus and Statement of Additional Information and should consult their tax advisers regarding the specific tax consequences to them of participating in the Offer, including federal, state, local and foreign tax consequences.

A repurchase of Shares pursuant to the repurchase offer will be treated as a taxable sale or exchange of the Shares for federal income tax purposes if either (a) the tendering shareholder tenders all of its Shares or meets numerical safe harbors with respect to percentage voting interest and reduction in ownership of the fund following the completion of the repurchase offer or (b) the tender otherwise results in a "meaningful reduction" of a shareholder's ownership percentage interest in the Fund, which determination depends on a shareholder's particular facts and circumstances. The Fund intends to take the position that shareholders tendering Shares will qualify for sale or exchange treatment for federal income tax purposes. It is possible that the IRS could disagree and successfully assert that the repurchase of Shares from any shareholder is properly treated as a distribution rather than as a sale or exchange. If the transaction is treated as a sale or exchange, any gain or loss recognized by a shareholder generally will be capital gain or loss if the Shares tendered are held by the shareholder as a capital asset, as short-term capital gain or loss if such Shares have been held for one year or less, and as long-term capital gain or loss if such Shares have been held for more than one year. Under the "wash sale" rules under the Code, loss recognized on Shares sold pursuant to the repurchase offer will ordinarily be disallowed to the extent the shareholder acquires other shares of the Fund or substantially identical stock or securities within 30 days before or after the date the tendered Shares are purchased pursuant to the repurchase offer and, in that event, the basis and holding period of the shares acquired will be adjusted to reflect the disallowed loss.

If the repurchase of Shares pursuant to the repurchase offer is not treated as a sale or exchange for federal income tax purposes, the amount received upon such repurchase will be treated for federal income tax purposes as a distribution from the Fund that will be taxable as a dividend to the extent of the Fund's current or accumulated earnings and profits

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for the year in which the repurchase occurs. Any balance will be treated as a return of capital to the extent of the shareholder's tax basis in its Shares and thereafter as capital gain. In the event that a tendering shareholder is deemed to receive a dividend as a result of tendering its Shares, it is possible that shareholders whose percentage ownership of the Fund increases as result of the tender will be deemed to receive a constructive distribution from the Fund. Such constructive distribution will be treated as a dividend to the extent of the Fund's current or accumulated earnings and profits.

*Foreign Shareholders.* Subject to the discussions below with respect to backup withholding and FATCA, if the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a sale or exchange of such Shares, a foreign shareholder generally will not be subject to U.S. federal income tax on gains (and will not be allowed a deduction for losses) realized on such repurchase unless (i) such gain is effectively connected with the conduct of a trade or business carried on by such shareholder within the United States, or (ii) in the case of an individual shareholder, the shareholder is present in the United States for a period or periods aggregating 183 days or more during the year of the repurchase and certain other conditions are met.

If the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a distribution with respect to such Shares, the portion of the distribution that constitutes a dividend generally will be subject to withholding of U.S. federal income tax at a rate of 30% (or lower applicable treaty rate), unless an exemption is available and the Fund elects to apply such an exemption. Such exemptions are described further in the Statement of Additional Information.

To qualify for any exemptions from withholding described above or for lower withholding tax rates under income tax treaties, or to establish an exemption from backup withholding described below, a foreign shareholder must comply with special certification and filing requirements relating to its non-U.S. status (including, in general, furnishing an IRS Form W-8BEN or Form W-8BEN-E, or substitute form).

Foreign shareholders should consult their tax advisers and, if holding Shares through Authorized Intermediaries, their Authorized Intermediaries, concerning the application of these rules to the Offer.

*FATCA*. Sections 1471-1474 of the Code, and the U.S. Treasury Regulations and IRS guidance issued thereunder (collectively, "<u>FATCA</u>"), generally require the Fund to obtain information sufficient to identify the status of each of its shareholders under FATCA or under an applicable intergovernmental agreement (an "<u>IGA</u>"). If a shareholder fails to provide this information or otherwise fails to comply with FATCA or an IGA, the Fund or its agent may be required to withhold under FATCA 30% of ordinary dividends the Fund pays (or is deemed to pay) to that shareholder. The IRS and the Department of Treasury have issued proposed regulations providing that gross proceeds the Fund pays to a shareholder for a share repurchase treated as a sale or exchange will not be subject to FATCA withholding. If an amount paid (or deemed paid) by the Fund is subject to FATCA withholding, the Fund or its agent is required to withhold even if the payment would otherwise be exempt from withholding under rules applicable to foreign shareholders. Each foreign shareholder is urged to consult its tax adviser regarding the applicability of FATCA.

*Backup Withholding.* The Fund generally is required to withhold and remit to the U.S. Treasury a percentage of the taxable distributions and proceeds from a repurchase paid to any individual shareholder (i) who fails to properly furnish the Fund with a correct taxpayer identification number, (ii) who has under-reported dividend or interest income or (iii) who fails to certify to the Fund that he or she is not subject to such withholding.

Backup withholding is not an additional tax. Any amounts withheld may be credited against the shareholder's U.S. federal income tax liability, provided the appropriate information is furnished to the IRS.

*Transfer Taxes.* The Fund will pay all share transfer taxes, if any, payable on the transfer to it of Shares repurchased pursuant to the Offer. If, however, (a) payment of the repurchase price is to be made to any person other than the registered owner(s), or (b) (in the circumstances permitted by the Offer) unpurchased Shares are to be registered in the name(s) of any person other than the registered owner(s), then the amount of any transfer taxes (whether imposed on the registered owner(s) or such other persons) payable on account of the transfer to such person(s) will be deducted from the repurchase price by the Transfer Agent unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted.

**10. Documents in Proper Form.** All questions as to the validity, form, eligibility (including time of receipt) and acceptance of any tender of Shares will be determined by the Fund in its sole discretion, whose determination shall be final and binding on all parties. The Fund reserves the right to require any person who wishes to request that the Fund repurchase their Shares to first provide any documentation that the Fund deems necessary or appropriate as proof of such person's eligibility for the applicable repurchase offer, and such eligibility will be determined by the Fund in its sole discretion. The Fund reserves the absolute right to reject any or all tenders determined by it not to be in appropriate

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form or the acceptance of or payment for any Shares which may, in the opinion of the Fund's counsel, be unlawful. The Fund also reserves the absolute right to waive any of the conditions of the Offer or any defect or irregularity in tender of any particular Shares or any particular shareholder, and the Fund's interpretations of the terms and conditions of the Offer will be final and binding on all parties. Unless waived, any defects or irregularities in connection with tenders must be cured within such time as the Fund shall determine. Tendered Shares will not be accepted for repurchase unless all defects and irregularities have either been cured within such time or waived by the Fund. None of the Fund, Stone Ridge Asset Management LLC, the Transfer Agent or any other person shall be obligated to give notice of defects or irregularities in tenders, nor shall any of them incur any liability for failure to give any such notice. The Fund and the Transfer Agent will not be liable for any loss incurred in the event that the Fund accepts unauthorized telephone instructions or repurchase requests that the Fund reasonably believes to be genuine.

**Neither the Fund nor its Board of Trustees makes any recommendation to any shareholder as to whether to tender or refrain from tendering Shares. Each shareholder must make an independent decision whether to tender Shares and, if so, how many Shares to tender. No person has been authorized to make any recommendation on behalf of the Fund as to whether shareholders should tender Shares pursuant to this Offer. No person has been authorized to give any information or to make any representations in connection with the Offer other than those contained herein, in the attached Repurchase Request Form or in the Fund's Prospectus.** 

**For a copy of the Fund's Prospectus or for other information, visit www.stoneridgefunds.com, call a service representative at the Transfer Agent at 800-236-4424, or contact your Authorized Intermediary or investment adviser.** 

Dated: February 13, 2026

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**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**REPURCHASE REQUEST FORM** 

**MUST BE RECEIVED BY 4:00 P.M., EASTERN TIME, March 6, 2026** 

<u>IMPORTANT</u>: THIS FORM IS ONLY FOR USE BY SHAREHOLDERS WHO HOLD THEIR SHARES DIRECTLY THROUGH U.S. BANCORP FUND SERVICES, LLC, THE FUND'S TRANSFER AGENT.

**PLEASE COMPLETE THE FORM BELOW AND RETURN TO <u>brokerdealer@usbank.com</u> OR FAX TO 866-350-5098.** 

**YOU MAY CONTACT THE FUND'S TRANSFER AGENT, U.S. BANCORP FUND SERVICES, LLC, AT <u>brokerdealer@usbank.com</u> OR 800-236-4424 WITH ANY QUESTIONS YOU MAY HAVE RELATED TO TENDERING YOUR SHARES.** 

Please accept this tender of shares as designated below for repurchase at a price equal to their net asset value on the Repurchase Pricing Date. I understand that this quarterly repurchase offer is limited to seven percent (7.0%) of the Fund's outstanding shares and, that, if the offer is oversubscribed, the Fund may not purchase the full amount of the shares that I am requesting, in which case the Fund will repurchase shares as described in the Repurchase Offer Terms.

**Shareholder Information:** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name(s) of Registered Shareholder(s)** | **Telephone Number(s)** | **Email address** |

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**Tender Request:** 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Account Number** | **Number of Shares to Tender** |

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**Payment Information:** 

Payment will be made to the shareholder via check, unless wire instructions are present on their account.

Signature of Shareholder(s)

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**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**SHAREHOLDER REPURCHASE OFFER NOTICE** 

November 14, 2025

Dear Stone Ridge Alternative Lending Risk Premium Fund Shareholder:

The Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is a closed-end interval fund that makes quarterly offers to repurchase a portion of its outstanding shares at net asset value ("<u>NAV</u>") per share. These quarterly repurchase offers provide shareholders with some liquidity. Prior to each quarterly repurchase offer, the Fund is required to send notification of the repurchase offer to all of its shareholders. You will receive a notice similar to this once per quarter. The Fund will offer to repurchase shares only at the time of the regularly scheduled quarterly repurchase offer.

**If you are not interested in tendering your shares for repurchase at this time, you may disregard this letter and take no action.** 

**If you are interested in tendering your shares for repurchase, please first determine whether you own your shares at an account at a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") or directly through U.S. Bank Global Fund Services (the "<u>Transfer Agent</u>"). If you are unsure, please check your most recent account statement. If your account statement is from the Transfer Agent and includes the Stone Ridge logo in the upper left corner, please follow the instructions set forth herein and return the enclosed form in order to submit a repurchase request. If your account statement is from an Authorized Intermediary, please contact your Authorized Intermediary for assistance and provide all of the information that they require on or prior to the Repurchase Request Deadline specified in the Repurchase Offer Terms attached. Alternatively, if another person, such as an investment adviser, has authority to act on your behalf, please contact such person.** 

The Fund's November 2025 repurchase offer begins on November 14, 2025 and ends at 4:00 p.m. (ET) on December 5, 2025.

**Because the Fund is a closed-end interval fund, it is legally permitted to repurchase only a specified portion of its outstanding shares on any repurchase date. Therefore, there can be no assurance that the Fund will be able to repurchase all the shares that you tender even if you tender all the shares that you own**.

**The Repurchase Request Deadline will be strictly observed. If you (or another person acting on your behalf) or your Authorized Intermediary fails to submit the required information to the Transfer Agent or to take any other required action on or before 4:00 p.m. (ET) on December 5, 2025, the Fund will not repurchase any of your shares until a subsequent quarterly repurchase offer, at which time you must submit a new repurchase request for that offer.** 

If you have any questions and you hold your shares through an Authorized Intermediary, please contact your Authorized Intermediary or, if applicable, your investment adviser. If you do not hold your shares through an Authorized Intermediary, a service representative at the Transfer Agent is available by calling 800-236-4424.

As always, we value our relationship with you and hope to continue to serve your investment needs.

Regards,

Stone Ridge Alternative Lending Risk Premium Fund

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**Repurchase Offer Terms** 

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| | |
|:---|:---|
| **Repurchase Request Deadline:**<br> **Repurchase Pricing Date:** | **4:00 p.m. (ET) on December 5, 2025**<br> **December 5, 2025** |

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**1. The Offer.** Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is offering to repurchase for cash up to ten percent (10.0%) of the aggregate of its shares ("<u>Shares</u>") that are issued and outstanding on the Repurchase Request Deadline at a price equal to the net asset value ("<u>NAV</u>" or "<u>Net Asset Value</u>") determined as of the close of the New York Stock Exchange (the "<u>Exchange</u>") on the Repurchase Pricing Date, upon the terms and conditions set forth in (i) this Stone Ridge Alternative Lending Risk Premium Fund Shareholder Repurchase Offer Notice, (ii) the Fund's Prospectus, and, (iii) if you hold your Shares directly through U.S. Bancorp Fund Services, LLC, the Fund's transfer agent (the "<u>Transfer Agent</u>"), the enclosed Repurchase Request Form. Collectively, those documents constitute the "<u>Offer</u>." The Offer is not conditioned upon the tender for repurchase of any minimum number of Shares.

**2. Repurchase Request Offer Period and Repurchase Request Deadline.** This quarter's Offer begins on **November 14, 2025,** and ends at **4:00 p.m. (ET) on December 5, 2025.** If you hold your Shares through a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") and wish to tender your Shares, you or another person with authority to act on your behalf, such as an investment adviser, must enter a sell order for the Shares you wish to tender or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on **December 5, 2025 prior to 4:00 p.m. (ET)**. If you are unsure of the operational procedures of your Authorized Intermediary, please contact your Authorized Intermediary or investment adviser as far in advance of the Repurchase Request Deadline as possible.

If you hold your Shares directly through the Transfer Agent, you must submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form on or after **November 14, 2025** and before **4:00 p.m. (ET) on December 5, 2025**. The Repurchase Request Deadline will be strictly observed.

**If you hold your shares through an Authorized Intermediary and you or another person acting on your behalf does not enter a sell order or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on December 5, 2025 prior to 4:00 p.m. (ET), your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund**.

**If you hold your shares through the Transfer Agent and you do not submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form before 4:00 p.m. (ET) on December 5, 2025, your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund.** 

By entering (or having entered on your behalf) a sell order on December 5, 2025 prior to the Repurchase Request Deadline or, if applicable, by timely submission of a complete Repurchase Request Form to the Transfer Agent, you waive any right to receive any notice of the acceptance of your tender.

**3. Repurchase Pricing Date.** The date on which the Fund's Net Asset Value applicable to the Offer is determined (the "<u>Repurchase Pricing Date</u>") will be **December 5, 2025, the same date as the Repurchase Request Deadline**, except as otherwise described in this paragraph. Under certain circumstances, the Repurchase Pricing Date could occur as late as the fourteenth calendar day after the Repurchase Request Deadline (or the next business day if such fourteenth calendar day is not a business day), in which case there is a risk that the Fund's Net Asset Value per Share may fluctuate between those dates.

If your repurchase request is submitted prior to the Repurchase Pricing Date, the Net Asset Value determined on the Repurchase Pricing Date may be higher or lower than the date on which you submit a repurchase request. Shares of the Fund earn dividends declared to shareholders of record through the date prior to the Repurchase Pricing Date. On **November 7, 2025**, the Net Asset Value per Share of the Fund was $46.13. Please call the Transfer Agent at 800-236-4424 for current NAV information.

**4. Payment for Shares Repurchased.** The Fund expects to distribute repurchase proceeds in cash to shareholders no later than seven calendar days after the Repurchase Pricing Date.

**5. Repurchase Charge.** The Fund does not currently charge a repurchase fee, special handling fee or processing fee for repurchases. However, your Authorized Intermediary may charge a transaction fee in connection with submitting a repurchase request.

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**6. Increase in Number of Shares Repurchased; *Pro Rata* Repurchase.** If the Offer is oversubscribed such that shareholders tender for repurchase more Shares than the Fund is offering to repurchase, the Fund may (but is not obligated to) increase the number of Shares that the Fund is offering to repurchase by up to an additional 2% of the number of Shares that are outstanding on the Repurchase Request Deadline.

If the number of Shares tendered for repurchase exceeds the number of Shares the Fund is offering to repurchase, including, when applicable, the additional up to 2% of Shares described in the immediately preceding sentence, the Fund is generally required by law to repurchase the Shares tendered on a *pro rata* basis, rounded down to the nearest .001 of a Share. **There can be no assurance that the Fund will be able to repurchase all the Shares that you tender even if you tender all the Shares that you own.** In the event of an oversubscribed Offer, you may be unable to liquidate some or all of your investment so tendered, in which case any Shares tendered by you that are not repurchased would remain in your account. You would have to wait until a subsequent quarterly repurchase offer to tender Shares that the Fund was unable to repurchase, and you would be subject to the risk of Net Asset Value fluctuations during that period. You would need to submit a new repurchase request for that offer. Any subsequent offer may also be oversubscribed.

Under certain circumstances, the Fund may, in its discretion, accept shares tendered by shareholders who own fewer than 100 shares *and* tender all of their shares for repurchase in the Offer. In that case, these shares would be accepted before prorating the shares tendered by other shareholders. Shareholders who wish to request such treatment should instruct their Authorized Intermediary or investment adviser, or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent to indicate to the Fund that they are eligible for such treatment.

In addition, if the Offer is oversubscribed as described above, the Fund will repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by an estate (the "<u>Estate Offer</u>"), provided that the Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Estate Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in an Estate Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Estate Offer**.

In addition, if the Offer is oversubscribed as described above, the Fund may also offer to repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by (i) a trust that funds a tax-qualified defined benefit plan that has terminated or that the sponsor or governing body of such plan has voted to terminate or (ii) a limited liability company that is owned by one or more such trusts (the "<u>Defined Benefit Plan Offer</u>"). A "tax-qualified defined benefit plan" means a defined benefit plan that is qualified under section 401(a) of the Internal Revenue Code of 1986, as amended (for example, a corporate defined benefit pension plan or a defined benefit Keogh plan). It does not include, among other things, any defined contribution plan, 401(k) plan or individual retirement account (IRA). The Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Defined Benefit Plan Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in a Defined Benefit Plan Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Defined Benefit Plan Offer**.

Any person who wishes to request that the Fund repurchase their Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer should instruct their Authorized Intermediary or investment adviser or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent, to indicate to the Fund that they are eligible for such treatment. If the Fund repurchases any Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer, this will not affect the number of Shares that it repurchases from other shareholders in the Offer.

A service representative at the Transfer Agent is available by calling 800-236-4424.

**7. Withdrawal or Modification of Number of Shares to be Repurchased.** If you hold your Shares directly through the Transfer Agent, Shares submitted pursuant to the Offer may be withdrawn or you may change the number of Shares submitted for repurchase at any time prior to the Repurchase Request Deadline. Direct shareholders seeking to modify or withdraw their tender of Shares must send to the Transfer Agent, at the email address or fax number noted in the Repurchase Request Form, a notice of withdrawal or notice of modification, as applicable, that specifies the name of the person withdrawing or modifying a tender of Shares and the number of Shares to be withdrawn or the modified number of Shares to be tendered. Shares properly withdrawn shall not thereafter be deemed to be tendered for purposes of the Offer. However, withdrawn Shares may be retendered by following the procedures described

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herein prior to the Repurchase Request Deadline. For further information regarding modifications or withdrawals of tenders, you may call a shareholder representative at the Transfer Agent at 800-236-4424. If your Shares are held for you by an Authorized Intermediary and you wish to modify or withdraw any instructions to your Authorized Intermediary to effect a repurchase request, please consult your Authorized Intermediary or, if applicable, your investment adviser.

**8. Suspension or Postponement of Repurchase Offer.** The Board of Trustees of Stone Ridge Trust V, of which the Fund is a series, may suspend or postpone this Offer only by a majority vote of the Trustees (including a majority of the disinterested Trustees) and only in the following limited circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) during any period in which the Exchange or any other market on which the Fund's portfolio securities are traded is closed, other than customary weekend and holiday closings, or trading in those markets is restricted; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) during any period in which an emergency exists as a result of which it is not reasonably practicable for the Fund to dispose of securities owned by it, or during which it is not reasonably practicable for the Fund fairly to determine the Net Asset Value of Fund Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the repurchase would cause the Fund to lose its status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) during other periods as the Securities and Exchange Commission permits the suspension or postponement of offers by the Fund for the protection of its shareholders.

If the Offer is suspended or postponed, the Fund will provide notice of the suspension or postponement to each shareholder of the Fund. If the Fund renews the Offer, the Fund will send a new notification to each shareholder with details concerning the terms and conditions of the renewed Offer.

**9. Certain Federal Income Tax Consequences**. The following discussion is a general summary of certain federal income tax consequences of the Offer. This summary is based on U.S. federal income tax law as of the date hereof, including the Code, applicable Treasury regulations, Internal Revenue Service ("<u>IRS</u>") rulings, judicial authority and current administrative rulings and practice, all of which are subject to change, possibly with retroactive effect. There can be no assurance that the IRS would not assert, or that a court would not sustain, a position contrary to any of those set forth below, and the Fund has not obtained, nor does the Fund intend to obtain, a ruling from the IRS or an opinion of counsel with respect to any of the consequences described below. This discussion does not address all aspects of taxation that may apply to shareholders or to specific types of shareholders such as tax-deferred retirement plans and shareholders that are not "United States persons" within the meaning of the Code (a "<u>foreign shareholder</u>"). Shareholders should review the tax information in the Fund's Prospectus and Statement of Additional Information and should consult their tax advisers regarding the specific tax consequences to them of participating in the Offer, including federal, state, local and foreign tax consequences.

A repurchase of Shares pursuant to the repurchase offer will be treated as a taxable sale or exchange of the Shares for federal income tax purposes if either (a) the tendering shareholder tenders all of its Shares or meets numerical safe harbors with respect to percentage voting interest and reduction in ownership of the fund following the completion of the repurchase offer or (b) the tender otherwise results in a "meaningful reduction" of a shareholder's ownership percentage interest in the Fund, which determination depends on a shareholder's particular facts and circumstances. The Fund intends to take the position that shareholders tendering Shares will qualify for sale or exchange treatment for federal income tax purposes. It is possible that the IRS could disagree and successfully assert that the repurchase of Shares from any shareholder is properly treated as a distribution rather than as a sale or exchange. If the transaction is treated as a sale or exchange, any gain or loss recognized by a shareholder generally will be capital gain or loss if the Shares tendered are held by the shareholder as a capital asset, as short-term capital gain or loss if such Shares have been held for one year or less, and as long-term capital gain or loss if such Shares have been held for more than one year. Under the "wash sale" rules under the Code, loss recognized on Shares sold pursuant to the repurchase offer will ordinarily be disallowed to the extent the shareholder acquires other shares of the Fund or substantially identical stock or securities within 30 days before or after the date the tendered Shares are purchased pursuant to the repurchase offer and, in that event, the basis and holding period of the shares acquired will be adjusted to reflect the disallowed loss.

If the repurchase of Shares pursuant to the repurchase offer is not treated as a sale or exchange for federal income tax purposes, the amount received upon such repurchase will be treated for federal income tax purposes as a distribution from the Fund that will be taxable as a dividend to the extent of the Fund's current or accumulated earnings and profits

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for the year in which the repurchase occurs. Any balance will be treated as a return of capital to the extent of the shareholder's tax basis in its Shares and thereafter as capital gain. In the event that a tendering shareholder is deemed to receive a dividend as a result of tendering its Shares, it is possible that shareholders whose percentage ownership of the Fund increases as result of the tender will be deemed to receive a constructive distribution from the Fund. Such constructive distribution will be treated as a dividend to the extent of the Fund's current or accumulated earnings and profits.

*Foreign Shareholders.* Subject to the discussions below with respect to backup withholding and FATCA, if the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a sale or exchange of such Shares, a foreign shareholder generally will not be subject to U.S. federal income tax on gains (and will not be allowed a deduction for losses) realized on such repurchase unless (i) such gain is effectively connected with the conduct of a trade or business carried on by such shareholder within the United States, or (ii) in the case of an individual shareholder, the shareholder is present in the United States for a period or periods aggregating 183 days or more during the year of the repurchase and certain other conditions are met.

If the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a distribution with respect to such Shares, the portion of the distribution that constitutes a dividend generally will be subject to withholding of U.S. federal income tax at a rate of 30% (or lower applicable treaty rate), unless an exemption is available and the Fund elects to apply such an exemption. Such exemptions are described further in the Statement of Additional Information.

To qualify for any exemptions from withholding described above or for lower withholding tax rates under income tax treaties, or to establish an exemption from backup withholding described below, a foreign shareholder must comply with special certification and filing requirements relating to its non-U.S. status (including, in general, furnishing an IRS Form W-8BEN or Form W-8BEN-E, or substitute form).

Foreign shareholders should consult their tax advisers and, if holding Shares through Authorized Intermediaries, their Authorized Intermediaries, concerning the application of these rules to the Offer.

*FATCA*. Sections 1471-1474 of the Code, and the U.S. Treasury Regulations and IRS guidance issued thereunder (collectively, "<u>FATCA</u>"), generally require the Fund to obtain information sufficient to identify the status of each of its shareholders under FATCA or under an applicable intergovernmental agreement (an "<u>IGA</u>"). If a shareholder fails to provide this information or otherwise fails to comply with FATCA or an IGA, the Fund or its agent may be required to withhold under FATCA 30% of ordinary dividends the Fund pays (or is deemed to pay) to that shareholder. The IRS and the Department of Treasury have issued proposed regulations providing that gross proceeds the Fund pays to a shareholder for a share repurchase treated as a sale or exchange will not be subject to FATCA withholding. If an amount paid (or deemed paid) by the Fund is subject to FATCA withholding, the Fund or its agent is required to withhold even if the payment would otherwise be exempt from withholding under rules applicable to foreign shareholders. Each foreign shareholder is urged to consult its tax adviser regarding the applicability of FATCA.

*Backup Withholding.* The Fund generally is required to withhold and remit to the U.S. Treasury a percentage of the taxable distributions and proceeds from a repurchase paid to any individual shareholder (i) who fails to properly furnish the Fund with a correct taxpayer identification number, (ii) who has under-reported dividend or interest income or (iii) who fails to certify to the Fund that he or she is not subject to such withholding.

Backup withholding is not an additional tax. Any amounts withheld may be credited against the shareholder's U.S. federal income tax liability, provided the appropriate information is furnished to the IRS.

*Transfer Taxes.* The Fund will pay all share transfer taxes, if any, payable on the transfer to it of Shares repurchased pursuant to the Offer. If, however, (a) payment of the repurchase price is to be made to any person other than the registered owner(s), or (b) (in the circumstances permitted by the Offer) unpurchased Shares are to be registered in the name(s) of any person other than the registered owner(s), then the amount of any transfer taxes (whether imposed on the registered owner(s) or such other persons) payable on account of the transfer to such person(s) will be deducted from the repurchase price by the Transfer Agent unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted.

**10. Documents in Proper Form.** All questions as to the validity, form, eligibility (including time of receipt) and acceptance of any tender of Shares will be determined by the Fund in its sole discretion, whose determination shall be final and binding on all parties. The Fund reserves the right to require any person who wishes to request that the Fund repurchase their Shares to first provide any documentation that the Fund deems necessary or appropriate as proof of such person's eligibility for the applicable repurchase offer, and such eligibility will be determined by the Fund in its sole discretion. The Fund reserves the absolute right to reject any or all tenders determined by it not to be in appropriate

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form or the acceptance of or payment for any Shares which may, in the opinion of the Fund's counsel, be unlawful. The Fund also reserves the absolute right to waive any of the conditions of the Offer or any defect or irregularity in tender of any particular Shares or any particular shareholder, and the Fund's interpretations of the terms and conditions of the Offer will be final and binding on all parties. Unless waived, any defects or irregularities in connection with tenders must be cured within such time as the Fund shall determine. Tendered Shares will not be accepted for repurchase unless all defects and irregularities have either been cured within such time or waived by the Fund. None of the Fund, Stone Ridge Asset Management LLC, the Transfer Agent or any other person shall be obligated to give notice of defects or irregularities in tenders, nor shall any of them incur any liability for failure to give any such notice. The Fund and the Transfer Agent will not be liable for any loss incurred in the event that the Fund accepts unauthorized telephone instructions or repurchase requests that the Fund reasonably believes to be genuine.

**Neither the Fund nor its Board of Trustees makes any recommendation to any shareholder as to whether to tender or refrain from tendering Shares. Each shareholder must make an independent decision whether to tender Shares and, if so, how many Shares to tender. No person has been authorized to make any recommendation on behalf of the Fund as to whether shareholders should tender Shares pursuant to this Offer. No person has been authorized to give any information or to make any representations in connection with the Offer other than those contained herein, in the attached Repurchase Request Form or in the Fund's Prospectus.** 

**For a copy of the Fund's Prospectus or for other information, visit www.stoneridgefunds.com, call a service representative at the Transfer Agent at 800-236-4424, or contact your Authorized Intermediary or investment adviser.** 

Dated: November 14, 2025

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**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**REPURCHASE REQUEST FORM** 

**MUST BE RECEIVED BY 4:00 P.M., EASTERN TIME, December 5, 2025** 

<u>IMPORTANT</u>: THIS FORM IS ONLY FOR USE BY SHAREHOLDERS WHO HOLD THEIR SHARES DIRECTLY THROUGH U.S. BANCORP FUND SERVICES, LLC, THE FUND'S TRANSFER AGENT.

**PLEASE COMPLETE THE FORM BELOW AND RETURN TO <u>brokerdealer@usbank.com</u> OR FAX TO 866-350-5098.** 

**YOU MAY CONTACT THE FUND'S TRANSFER AGENT, U.S. BANCORP FUND SERVICES, LLC, AT <u>brokerdealer@usbank.com</u> OR 800-236-4424 WITH ANY QUESTIONS YOU MAY HAVE RELATED TO TENDERING YOUR SHARES.** 

Please accept this tender of shares as designated below for repurchase at a price equal to their net asset value on the Repurchase Pricing Date. I understand that this quarterly repurchase offer is limited to ten percent (10.0%) of the Fund's outstanding shares and, that, if the offer is oversubscribed, the Fund may not purchase the full amount of the shares that I am requesting, in which case the Fund will repurchase shares as described in the Repurchase Offer Terms.

**Shareholder Information:** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name(s) of Registered Shareholder(s)** | **Telephone Number(s)** | **Email address** |

---

**Tender Request:** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Account Number** | **Number of Shares to Tender** |

---

**Payment Information:** 

Payment will be made to the shareholder via check, unless wire instructions are present on their account.

Signature of Shareholder(s)

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**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**SHAREHOLDER REPURCHASE OFFER NOTICE** 

August 15, 2025

Dear Stone Ridge Alternative Lending Risk Premium Fund Shareholder:

The Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is a closed-end interval fund that makes quarterly offers to repurchase a portion of its outstanding shares at net asset value ("<u>NAV</u>") per share. These quarterly repurchase offers provide shareholders with some liquidity. Prior to each quarterly repurchase offer, the Fund is required to send notification of the repurchase offer to all of its shareholders. You will receive a notice similar to this once per quarter. The Fund will offer to repurchase shares only at the time of the regularly scheduled quarterly repurchase offer.

**If you are not interested in tendering your shares for repurchase at this time, you may disregard this letter and take no action.** 

**If you are interested in tendering your shares for repurchase, please first determine whether you own your shares at an account at a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") or directly through U.S. Bank Global Fund Services (the "<u>Transfer Agent</u>"). If you are unsure, please check your most recent account statement. If your account statement is from the Transfer Agent and includes the Stone Ridge logo in the upper left corner, please follow the instructions set forth herein and return the enclosed form in order to submit a repurchase request. If your account statement is from an Authorized Intermediary, please contact your Authorized Intermediary for assistance and provide all of the information that they require on or prior to the Repurchase Request Deadline specified in the Repurchase Offer Terms attached. Alternatively, if another person, such as an investment adviser, has authority to act on your behalf, please contact such person.** 

The Fund's August 2025 repurchase offer begins on August 15, 2025 and ends at 4:00 p.m. (ET) on September 5, 2025.

**Because the Fund is a closed-end interval fund, it is legally permitted to repurchase only a specified portion of its outstanding shares on any repurchase date. Therefore, there can be no assurance that the Fund will be able to repurchase all the shares that you tender even if you tender all the shares that you own**.

**The Repurchase Request Deadline will be strictly observed. If you (or another person acting on your behalf) or your Authorized Intermediary fails to submit the required information to the Transfer Agent or to take any other required action on or before 4:00 p.m. (ET) on September 5, 2025, the Fund will not repurchase any of your shares until a subsequent quarterly repurchase offer, at which time you must submit a new repurchase request for that offer.** 

If you have any questions and you hold your shares through an Authorized Intermediary, please contact your Authorized Intermediary or, if applicable, your investment adviser. If you do not hold your shares through an Authorized Intermediary, a service representative at the Transfer Agent is available by calling 800-236-4424.

As always, we value our relationship with you and hope to continue to serve your investment needs.

Regards,

Stone Ridge Alternative Lending Risk Premium Fund

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**Repurchase Offer Terms** 

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| | |
|:---|:---|
| **Repurchase Request Deadline:**<br> **Repurchase Pricing Date:** | **4:00 p.m. (ET) on September 5, 2025**<br> **September 5, 2025** |

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**1. The Offer.** Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is offering to repurchase for cash up to five percent (5.0%) of the aggregate of its shares ("<u>Shares</u>") that are issued and outstanding on the Repurchase Request Deadline at a price equal to the net asset value ("<u>NAV</u>" or "<u>Net Asset Value</u>") determined as of the close of the New York Stock Exchange (the "<u>Exchange</u>") on the Repurchase Pricing Date, upon the terms and conditions set forth in (i) this Stone Ridge Alternative Lending Risk Premium Fund Shareholder Repurchase Offer Notice, (ii) the Fund's Prospectus, and, (iii) if you hold your Shares directly through U.S. Bancorp Fund Services, LLC, the Fund's transfer agent (the "<u>Transfer Agent</u>"), the enclosed Repurchase Request Form. Collectively, those documents constitute the "<u>Offer.</u>" The Offer is not conditioned upon the tender for repurchase of any minimum number of Shares.

**2. Repurchase Request Offer Period and Repurchase Request Deadline.** This quarter's Offer begins on **August 15, 2025,** and ends at **4:00 p.m. (ET) on September 5, 2025.** If you hold your Shares through a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") and wish to tender your Shares, you or another person with authority to act on your behalf, such as an investment adviser, must enter a sell order for the Shares you wish to tender or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on **September 5, 2025 prior to 4:00 p.m. (ET)**. If you are unsure of the operational procedures of your Authorized Intermediary, please contact your Authorized Intermediary or investment adviser as far in advance of the Repurchase Request Deadline as possible.

If you hold your Shares directly through the Transfer Agent, you must submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form on or after **August 15, 2025** and before **4:00 p.m. (ET) on September 5, 2025**. The Repurchase Request Deadline will be strictly observed.

**If you hold your shares through an Authorized Intermediary and you or another person acting on your behalf does not enter a sell order or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on September 5, 2025 prior to 4:00 p.m. (ET), your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund**.

**If you hold your shares through the Transfer Agent and you do not submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form before 4:00 p.m. (ET) on September 5, 2025, your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund.** 

By entering (or having entered on your behalf) a sell order on September 5, 2025 prior to the Repurchase Request Deadline or, if applicable, by timely submission of a complete Repurchase Request Form to the Transfer Agent, you waive any right to receive any notice of the acceptance of your tender.

**3. Repurchase Pricing Date.** The date on which the Fund's Net Asset Value applicable to the Offer is determined (the "<u>Repurchase Pricing Date</u>") will be **September 5, 2025, the same date as the Repurchase Request Deadline**, except as otherwise described in this paragraph. Under certain circumstances, the Repurchase Pricing Date could occur as late as the fourteenth calendar day after the Repurchase Request Deadline (or the next business day if such fourteenth calendar day is not a business day), in which case there is a risk that the Fund's Net Asset Value per Share may fluctuate between those dates.

If your repurchase request is submitted prior to the Repurchase Pricing Date, the Net Asset Value determined on the Repurchase Pricing Date may be higher or lower than the date on which you submit a repurchase request. Shares of the Fund earn dividends declared to shareholders of record through the date prior to the Repurchase Pricing Date. On **August 8, 2025**, the Net Asset Value per Share of the Fund was $46.17. Please call the Transfer Agent at 800-236-4424 for current NAV information.

**4. Payment for Shares Repurchased.** The Fund expects to distribute repurchase proceeds in cash to shareholders no later than seven calendar days after the Repurchase Pricing Date.

**5. Repurchase Charge.** The Fund does not currently charge a repurchase fee, special handling fee or processing fee for repurchases. However, your Authorized Intermediary may charge a transaction fee in connection with submitting a repurchase request.

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**6. Increase in Number of Shares Repurchased; *Pro Rata* Repurchase.** If the Offer is oversubscribed such that shareholders tender for repurchase more Shares than the Fund is offering to repurchase, the Fund may (but is not obligated to) increase the number of Shares that the Fund is offering to repurchase by up to an additional 2% of the number of Shares that are outstanding on the Repurchase Request Deadline.

If the number of Shares tendered for repurchase exceeds the number of Shares the Fund is offering to repurchase, including, when applicable, the additional up to 2% of Shares described in the immediately preceding sentence, the Fund is generally required by law to repurchase the Shares tendered on a *pro rata* basis, rounded down to the nearest .001 of a Share. **There can be no assurance that the Fund will be able to repurchase all the Shares that you tender even if you tender all the Shares that you own.** In the event of an oversubscribed Offer, you may be unable to liquidate some or all of your investment so tendered, in which case any Shares tendered by you that are not repurchased would remain in your account. You would have to wait until a subsequent quarterly repurchase offer to tender Shares that the Fund was unable to repurchase, and you would be subject to the risk of Net Asset Value fluctuations during that period. You would need to submit a new repurchase request for that offer. Any subsequent offer may also be oversubscribed.

Under certain circumstances, the Fund may, in its discretion, accept shares tendered by shareholders who own fewer than 100 shares *and* tender all of their shares for repurchase in the Offer. In that case, these shares would be accepted before prorating the shares tendered by other shareholders. Shareholders who wish to request such treatment should instruct their Authorized Intermediary or investment adviser, or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent to indicate to the Fund that they are eligible for such treatment.

In addition, if the Offer is oversubscribed as described above, the Fund will repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by an estate (the "<u>Estate Offer</u>"), provided that the Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Estate Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in an Estate Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Estate Offer**.

In addition, if the Offer is oversubscribed as described above, the Fund may also offer to repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by (i) a trust that funds a tax-qualified defined benefit plan that has terminated or that the sponsor or governing body of such plan has voted to terminate or (ii) a limited liability company that is owned by one or more such trusts (the "<u>Defined Benefit Plan Offer</u>"). A "tax-qualified defined benefit plan" means a defined benefit plan that is qualified under section 401(a) of the Internal Revenue Code of 1986, as amended (for example, a corporate defined benefit pension plan or a defined benefit Keogh plan). It does not include, among other things, any defined contribution plan, 401(k) plan or individual retirement account (IRA). The Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Defined Benefit Plan Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in a Defined Benefit Plan Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Defined Benefit Plan Offer**.

Any person who wishes to request that the Fund repurchase their Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer should instruct their Authorized Intermediary or investment adviser or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent, to indicate to the Fund that they are eligible for such treatment. If the Fund repurchases any Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer, this will not affect the number of Shares that it repurchases from other shareholders in the Offer.

A service representative at the Transfer Agent is available by calling 800-236-4424.

**7. Withdrawal or Modification of Number of Shares to be Repurchased.** If you hold your Shares directly through the Transfer Agent, Shares submitted pursuant to the Offer may be withdrawn or you may change the number of Shares submitted for repurchase at any time prior to the Repurchase Request Deadline. Direct shareholders seeking to modify or withdraw their tender of Shares must send to the Transfer Agent, at the email address or fax number noted in the Repurchase Request Form, a notice of withdrawal or notice of modification, as applicable, that specifies the name of the person withdrawing or modifying a tender of Shares and the number of Shares to be withdrawn or the modified number of Shares to be tendered. Shares properly withdrawn shall not thereafter be deemed to be tendered for purposes of the Offer. However, withdrawn Shares may be retendered by following the procedures described

------

herein prior to the Repurchase Request Deadline. For further information regarding modifications or withdrawals of tenders, you may call a shareholder representative at the Transfer Agent at 800-236-4424. If your Shares are held for you by an Authorized Intermediary and you wish to modify or withdraw any instructions to your Authorized Intermediary to effect a repurchase request, please consult your Authorized Intermediary or, if applicable, your investment adviser.

**8. Suspension or Postponement of Repurchase Offer.** The Board of Trustees of Stone Ridge Trust V, of which the Fund is a series, may suspend or postpone this Offer only by a majority vote of the Trustees (including a majority of the disinterested Trustees) and only in the following limited circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) during any period in which the Exchange or any other market on which the Fund's portfolio securities are traded is closed, other than customary weekend and holiday closings, or trading in those markets is restricted; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) during any period in which an emergency exists as a result of which it is not reasonably practicable for the Fund to dispose of securities owned by it, or during which it is not reasonably practicable for the Fund fairly to determine the Net Asset Value of Fund Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the repurchase would cause the Fund to lose its status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) during other periods as the Securities and Exchange Commission permits the suspension or postponement of offers by the Fund for the protection of its shareholders.

If the Offer is suspended or postponed, the Fund will provide notice of the suspension or postponement to each shareholder of the Fund. If the Fund renews the Offer, the Fund will send a new notification to each shareholder with details concerning the terms and conditions of the renewed Offer.

**9. Certain Federal Income Tax Consequences**. The following discussion is a general summary of certain federal income tax consequences of the Offer. This summary is based on U.S. federal income tax law as of the date hereof, including the Code, applicable Treasury regulations, Internal Revenue Service ("<u>IRS</u>") rulings, judicial authority and current administrative rulings and practice, all of which are subject to change, possibly with retroactive effect. There can be no assurance that the IRS would not assert, or that a court would not sustain, a position contrary to any of those set forth below, and the Fund has not obtained, nor does the Fund intend to obtain, a ruling from the IRS or an opinion of counsel with respect to any of the consequences described below. This discussion does not address all aspects of taxation that may apply to shareholders or to specific types of shareholders such as tax-deferred retirement plans and shareholders that are not "United States persons" within the meaning of the Code (a "<u>foreign shareholder</u>"). Shareholders should review the tax information in the Fund's Prospectus and Statement of Additional Information and should consult their tax advisers regarding the specific tax consequences to them of participating in the Offer, including federal, state, local and foreign tax consequences.

A repurchase of Shares pursuant to the repurchase offer will be treated as a taxable sale or exchange of the Shares for federal income tax purposes if either (a) the tendering shareholder tenders all of its Shares or meets numerical safe harbors with respect to percentage voting interest and reduction in ownership of the fund following the completion of the repurchase offer or (b) the tender otherwise results in a "meaningful reduction" of a shareholder's ownership percentage interest in the Fund, which determination depends on a shareholder's particular facts and circumstances. The Fund intends to take the position that shareholders tendering Shares will qualify for sale or exchange treatment for federal income tax purposes. It is possible that the IRS could disagree and successfully assert that the repurchase of Shares from any shareholder is properly treated as a distribution rather than as a sale or exchange. If the transaction is treated as a sale or exchange, any gain or loss recognized by a shareholder generally will be capital gain or loss if the Shares tendered are held by the shareholder as a capital asset, as short-term capital gain or loss if such Shares have been held for one year or less, and as long-term capital gain or loss if such Shares have been held for more than one year. Under the "wash sale" rules under the Code, loss recognized on Shares sold pursuant to the repurchase offer will ordinarily be disallowed to the extent the shareholder acquires other shares of the Fund or substantially identical stock or securities within 30 days before or after the date the tendered Shares are purchased pursuant to the repurchase offer and, in that event, the basis and holding period of the shares acquired will be adjusted to reflect the disallowed loss.

If the repurchase of Shares pursuant to the repurchase offer is not treated as a sale or exchange for federal income tax purposes, the amount received upon such repurchase will be treated for federal income tax purposes as a distribution from the Fund that will be taxable as a dividend to the extent of the Fund's current or accumulated earnings and profits

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for the year in which the repurchase occurs. Any balance will be treated as a return of capital to the extent of the shareholder's tax basis in its Shares and thereafter as capital gain. In the event that a tendering shareholder is deemed to receive a dividend as a result of tendering its Shares, it is possible that shareholders whose percentage ownership of the Fund increases as result of the tender will be deemed to receive a constructive distribution from the Fund. Such constructive distribution will be treated as a dividend to the extent of the Fund's current or accumulated earnings and profits.

*Foreign Shareholders.* Subject to the discussions below with respect to backup withholding and FATCA, if the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a sale or exchange of such Shares, a foreign shareholder generally will not be subject to U.S. federal income tax on gains (and will not be allowed a deduction for losses) realized on such repurchase unless (i) such gain is effectively connected with the conduct of a trade or business carried on by such shareholder within the United States, or (ii) in the case of an individual shareholder, the shareholder is present in the United States for a period or periods aggregating 183 days or more during the year of the repurchase and certain other conditions are met.

If the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a distribution with respect to such Shares, the portion of the distribution that constitutes a dividend generally will be subject to withholding of U.S. federal income tax at a rate of 30% (or lower applicable treaty rate), unless an exemption is available and the Fund elects to apply such an exemption. Such exemptions are described further in the Statement of Additional Information.

To qualify for any exemptions from withholding described above or for lower withholding tax rates under income tax treaties, or to establish an exemption from backup withholding described below, a foreign shareholder must comply with special certification and filing requirements relating to its non-U.S. status (including, in general, furnishing an IRS Form W-8BEN or Form W-8BEN-E, or substitute form).

Foreign shareholders should consult their tax advisers and, if holding Shares through Authorized Intermediaries, their Authorized Intermediaries, concerning the application of these rules to the Offer.

*FATCA*. Sections 1471-1474 of the Code, and the U.S. Treasury Regulations and IRS guidance issued thereunder (collectively, "<u>FATCA</u>"), generally require the Fund to obtain information sufficient to identify the status of each of its shareholders under FATCA or under an applicable intergovernmental agreement (an "<u>IGA</u>"). If a shareholder fails to provide this information or otherwise fails to comply with FATCA or an IGA, the Fund or its agent may be required to withhold under FATCA 30% of ordinary dividends the Fund pays (or is deemed to pay) to that shareholder. The IRS and the Department of Treasury have issued proposed regulations providing that gross proceeds the Fund pays to a shareholder for a share repurchase treated as a sale or exchange will not be subject to FATCA withholding. If an amount paid (or deemed paid) by the Fund is subject to FATCA withholding, the Fund or its agent is required to withhold even if the payment would otherwise be exempt from withholding under rules applicable to foreign shareholders. Each foreign shareholder is urged to consult its tax adviser regarding the applicability of FATCA.

*Backup Withholding.* The Fund generally is required to withhold and remit to the U.S. Treasury a percentage of the taxable distributions and proceeds from a repurchase paid to any individual shareholder (i) who fails to properly furnish the Fund with a correct taxpayer identification number, (ii) who has under-reported dividend or interest income or (iii) who fails to certify to the Fund that he or she is not subject to such withholding.

Backup withholding is not an additional tax. Any amounts withheld may be credited against the shareholder's U.S. federal income tax liability, provided the appropriate information is furnished to the IRS.

*Transfer Taxes.* The Fund will pay all share transfer taxes, if any, payable on the transfer to it of Shares repurchased pursuant to the Offer. If, however, (a) payment of the repurchase price is to be made to any person other than the registered owner(s), or (b) (in the circumstances permitted by the Offer) unpurchased Shares are to be registered in the name(s) of any person other than the registered owner(s), then the amount of any transfer taxes (whether imposed on the registered owner(s) or such other persons) payable on account of the transfer to such person(s) will be deducted from the repurchase price by the Transfer Agent unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted.

**10. Documents in Proper Form.** All questions as to the validity, form, eligibility (including time of receipt) and acceptance of any tender of Shares will be determined by the Fund in its sole discretion, whose determination shall be final and binding on all parties. The Fund reserves the right to require any person who wishes to request that the Fund repurchase their Shares to first provide any documentation that the Fund deems necessary or appropriate as proof of such person's eligibility for the applicable repurchase offer, and such eligibility will be determined by the Fund in its sole discretion. The Fund reserves the absolute right to reject any or all tenders determined by it not to be in appropriate

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form or the acceptance of or payment for any Shares which may, in the opinion of the Fund's counsel, be unlawful. The Fund also reserves the absolute right to waive any of the conditions of the Offer or any defect or irregularity in tender of any particular Shares or any particular shareholder, and the Fund's interpretations of the terms and conditions of the Offer will be final and binding on all parties. Unless waived, any defects or irregularities in connection with tenders must be cured within such time as the Fund shall determine. Tendered Shares will not be accepted for repurchase unless all defects and irregularities have either been cured within such time or waived by the Fund. None of the Fund, Stone Ridge Asset Management LLC, the Transfer Agent or any other person shall be obligated to give notice of defects or irregularities in tenders, nor shall any of them incur any liability for failure to give any such notice. The Fund and the Transfer Agent will not be liable for any loss incurred in the event that the Fund accepts unauthorized telephone instructions or repurchase requests that the Fund reasonably believes to be genuine.

**Neither the Fund nor its Board of Trustees makes any recommendation to any shareholder as to whether to tender or refrain from tendering Shares. Each shareholder must make an independent decision whether to tender Shares and, if so, how many Shares to tender. No person has been authorized to make any recommendation on behalf of the Fund as to whether shareholders should tender Shares pursuant to this Offer. No person has been authorized to give any information or to make any representations in connection with the Offer other than those contained herein, in the attached Repurchase Request Form or in the Fund's Prospectus.** 

**For a copy of the Fund's Prospectus or for other information, visit www.stoneridgefunds.com, call a service representative at the Transfer Agent at 800-236-4424, or contact your Authorized Intermediary or investment adviser.** 

Dated: August 15, 2025

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**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**REPURCHASE REQUEST FORM** 

**MUST BE RECEIVED BY 4:00 P.M., EASTERN TIME, September 5, 2025** 

<u>IMPORTANT</u>: THIS FORM IS ONLY FOR USE BY SHAREHOLDERS WHO HOLD THEIR SHARES DIRECTLY THROUGH U.S. BANCORP FUND SERVICES, LLC, THE FUND'S TRANSFER AGENT.

**PLEASE COMPLETE THE FORM BELOW AND RETURN TO <u>brokerdealer@usbank.com</u> OR FAX TO 866-350-5098.** 

**YOU MAY CONTACT THE FUND'S TRANSFER AGENT, U.S. BANCORP FUND SERVICES, LLC, AT <u>brokerdealer@usbank.com</u> OR 800-236-4424 WITH ANY QUESTIONS YOU MAY HAVE RELATED TO TENDERING YOUR SHARES.** 

Please accept this tender of shares as designated below for repurchase at a price equal to their net asset value on the Repurchase Pricing Date. I understand that this quarterly repurchase offer is limited to five percent (5.0%) of the Fund's outstanding shares and, that, if the offer is oversubscribed, the Fund may not purchase the full amount of the shares that I am requesting, in which case the Fund will repurchase shares as described in the Repurchase Offer Terms.

**Shareholder Information:** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name(s) of Registered Shareholder(s)** | **Telephone Number(s)** | **Email address** |

---

**Tender Request:** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Account Number** | **Number of Shares to Tender** |

---

**Payment Information:** 

Payment will be made to the shareholder via check, unless wire instructions are present on their account.

Signature of Shareholder(s)

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**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**SHAREHOLDER REPURCHASE OFFER NOTICE** 

May 16, 2025

Dear Stone Ridge Alternative Lending Risk Premium Fund Shareholder:

The Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is a closed-end interval fund that makes quarterly offers to repurchase a portion of its outstanding shares at net asset value ("<u>NAV</u>") per share. These quarterly repurchase offers provide shareholders with some liquidity. Prior to each quarterly repurchase offer, the Fund is required to send notification of the repurchase offer to all of its shareholders. You will receive a notice similar to this once per quarter. The Fund will offer to repurchase shares only at the time of the regularly scheduled quarterly repurchase offer.

**If you are not interested in tendering your shares for repurchase at this time, you may disregard this letter and take no action.** 

**If you are interested in tendering your shares for repurchase, please first determine whether you own your shares at an account at a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") or directly through U.S. Bank Global Fund Services (the "<u>Transfer Agent</u>"). If you are unsure, please check your most recent account statement. If your account statement is from the Transfer Agent and includes the Stone Ridge logo in the upper left corner, please follow the instructions set forth herein and return the enclosed form in order to submit a repurchase request. If your account statement is from an Authorized Intermediary, please contact your Authorized Intermediary for assistance and provide all of the information that they require on or prior to the Repurchase Request Deadline specified in the Repurchase Offer Terms attached. Alternatively, if another person, such as an investment adviser, has authority to act on your behalf, please contact such person.** 

The Fund's May 2025 repurchase offer begins on May 16, 2025 and ends at 4:00 p.m. (ET) on June 6, 2025.

**Because the Fund is a closed-end interval fund, it is legally permitted to repurchase only a specified portion of its outstanding shares on any repurchase date. Therefore, there can be no assurance that the Fund will be able to repurchase all the shares that you tender even if you tender all the shares that you own**.

**The Repurchase Request Deadline will be strictly observed. If you (or another person acting on your behalf) or your Authorized Intermediary fails to submit the required information to the Transfer Agent or to take any other required action on or before 4:00 p.m. (ET) on June 6, 2025, the Fund will not repurchase any of your shares until a subsequent quarterly repurchase offer, at which time you must submit a new repurchase request for that offer.** 

If you have any questions and you hold your shares through an Authorized Intermediary, please contact your Authorized Intermediary or, if applicable, your investment adviser. If you do not hold your shares through an Authorized Intermediary, a service representative at the Transfer Agent is available by calling 800-236-4424.

As always, we value our relationship with you and hope to continue to serve your investment needs.

Regards,

Stone Ridge Alternative Lending Risk Premium Fund

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**Repurchase Offer Terms** 

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| | |
|:---|:---|
| **Repurchase Request Deadline:**<br> **Repurchase Pricing Date:** | **4:00 p.m. (ET) on June 6, 2025**<br> **June 6, 2025** |

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**1. The Offer.** Stone Ridge Alternative Lending Risk Premium Fund (the "<u>Fund</u>") is offering to repurchase for cash up to five percent (5.0%) of the aggregate of its shares ("<u>Shares</u>") that are issued and outstanding on the Repurchase Request Deadline at a price equal to the net asset value ("<u>NAV</u>" or "<u>Net Asset Value</u>") determined as of the close of the New York Stock Exchange (the "<u>Exchange</u>") on the Repurchase Pricing Date, upon the terms and conditions set forth in (i) this Stone Ridge Alternative Lending Risk Premium Fund Shareholder Repurchase Offer Notice, (ii) the Fund's Prospectus, and, (iii) if you hold your Shares directly through U.S. Bancorp Fund Services, LLC, the Fund's transfer agent (the "<u>Transfer Agent</u>"), the enclosed Repurchase Request Form. Collectively, those documents constitute the "<u>Offer.</u>" The Offer is not conditioned upon the tender for repurchase of any minimum number of Shares.

**2. Repurchase Request Offer Period and Repurchase Request Deadline.** This quarter's Offer begins on **May 16, 2025,** and ends at **4:00 p.m. (ET) on June 6, 2025.** If you hold your Shares through a broker-dealer or other intermediary (an "<u>Authorized Intermediary</u>") and wish to tender your Shares, you or another person with authority to act on your behalf, such as an investment adviser, must enter a sell order for the Shares you wish to tender or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on **June 6, 2025 prior to 4:00 p.m. (ET)**. If you are unsure of the operational procedures of your Authorized Intermediary, please contact your Authorized Intermediary or investment adviser as far in advance of the Repurchase Request Deadline as possible.

If you hold your Shares directly through the Transfer Agent, you must submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form on or after **May 16, 2025** and before **4:00 p.m. (ET) on June 6, 2025**. The Repurchase Request Deadline will be strictly observed.

**If you hold your shares through an Authorized Intermediary and you or another person acting on your behalf does not enter a sell order or otherwise transmit the repurchase request to the Fund in accordance with the operational processes of that Authorized Intermediary on June 6, 2025 prior to 4:00 p.m. (ET), your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund**.

**If you hold your shares through the Transfer Agent and you do not submit the attached Repurchase Request Form and provide any other information or documentation that may be requested by the Transfer Agent to the Transfer Agent in proper form before 4:00 p.m. (ET) on June 6, 2025, your repurchase request will <u>not</u> be accepted and <u>none</u> of your Shares will be repurchased by the Fund.** 

By entering (or having entered on your behalf) a sell order on June 6, 2025 prior to the Repurchase Request Deadline or, if applicable, by timely submission of a complete Repurchase Request Form to the Transfer Agent, you waive any right to receive any notice of the acceptance of your tender.

**3. Repurchase Pricing Date.** The date on which the Fund's Net Asset Value applicable to the Offer is determined (the "<u>Repurchase Pricing Date</u>") will be **June 6, 2025, the same date as the Repurchase Request Deadline**, except as otherwise described in this paragraph. Under certain circumstances, the Repurchase Pricing Date could occur as late as the fourteenth calendar day after the Repurchase Request Deadline (or the next business day if such fourteenth calendar day is not a business day), in which case there is a risk that the Fund's Net Asset Value per Share may fluctuate between those dates.

If your repurchase request is submitted prior to the Repurchase Pricing Date, the Net Asset Value determined on the Repurchase Pricing Date may be higher or lower than the date on which you submit a repurchase request. Shares of the Fund earn dividends declared to shareholders of record through the date prior to the Repurchase Pricing Date. On **May 9, 2025**, the Net Asset Value per Share of the Fund was $46.14. Please call the Transfer Agent at 800-236-4424 for current NAV information.

**4. Payment for Shares Repurchased.** The Fund expects to distribute repurchase proceeds in cash to shareholders no later than seven calendar days after the Repurchase Pricing Date.

**5. Repurchase Charge.** The Fund does not currently charge a repurchase fee, special handling fee or processing fee for repurchases. However, your Authorized Intermediary may charge a transaction fee in connection with submitting a repurchase request.

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**6. Increase in Number of Shares Repurchased; *Pro Rata* Repurchase.** If the Offer is oversubscribed such that shareholders tender for repurchase more Shares than the Fund is offering to repurchase, the Fund may (but is not obligated to) increase the number of Shares that the Fund is offering to repurchase by up to an additional 2% of the number of Shares that are outstanding on the Repurchase Request Deadline.

If the number of Shares tendered for repurchase exceeds the number of Shares the Fund is offering to repurchase, including, when applicable, the additional up to 2% of Shares described in the immediately preceding sentence, the Fund is generally required by law to repurchase the Shares tendered on a *pro rata* basis, rounded down to the nearest .001 of a Share. **There can be no assurance that the Fund will be able to repurchase all the Shares that you tender even if you tender all the Shares that you own.** In the event of an oversubscribed Offer, you may be unable to liquidate some or all of your investment so tendered, in which case any Shares tendered by you that are not repurchased would remain in your account. You would have to wait until a subsequent quarterly repurchase offer to tender Shares that the Fund was unable to repurchase, and you would be subject to the risk of Net Asset Value fluctuations during that period. You would need to submit a new repurchase request for that offer. Any subsequent offer may also be oversubscribed.

Under certain circumstances, the Fund may, in its discretion, accept shares tendered by shareholders who own fewer than 100 shares *and* tender all of their shares for repurchase in the Offer. In that case, these shares would be accepted before prorating the shares tendered by other shareholders. Shareholders who wish to request such treatment should instruct their Authorized Intermediary or investment adviser, or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent to indicate to the Fund that they are eligible for such treatment.

In addition, if the Offer is oversubscribed as described above, the Fund will repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by an estate (the "<u>Estate Offer</u>"), provided that the Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Estate Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in an Estate Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Estate Offer**.

In addition, if the Offer is oversubscribed as described above, the Fund may also offer to repurchase any additional Shares in an amount determined by its Board of Trustees that are tendered by (i) a trust that funds a tax-qualified defined benefit plan that has terminated or that the sponsor or governing body of such plan has voted to terminate or (ii) a limited liability company that is owned by one or more such trusts (the "<u>Defined Benefit Plan Offer</u>"). A "tax-qualified defined benefit plan" means a defined benefit plan that is qualified under section 401(a) of the Internal Revenue Code of 1986, as amended (for example, a corporate defined benefit pension plan or a defined benefit Keogh plan). It does not include, among other things, any defined contribution plan, 401(k) plan or individual retirement account (IRA). The Fund may, in its discretion, limit the number of additional Shares that it repurchases under the Defined Benefit Plan Offer. Any such limit shall not be less than 0.1% of the Fund's outstanding Shares in the aggregate, depending on available liquidity. If the Fund so limits the number of Shares repurchased in a Defined Benefit Plan Offer, the Fund will repurchase such Shares on a *pro rata* basis, rounded down to the nearest .001 of a Share. **As a result, there can be no assurance that the Fund will be able to repurchase all of the Shares tendered in the Defined Benefit Plan Offer**.

Any person who wishes to request that the Fund repurchase their Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer should instruct their Authorized Intermediary or investment adviser or, if they hold their Shares directly through the Transfer Agent, the Transfer Agent, to indicate to the Fund that they are eligible for such treatment. If the Fund repurchases any Shares pursuant to the Estate Offer or the Defined Benefit Plan Offer, this will not affect the number of Shares that it repurchases from other shareholders in the Offer.

A service representative at the Transfer Agent is available by calling 800-236-4424.

**7. Withdrawal or Modification of Number of Shares to be Repurchased.** If you hold your Shares directly through the Transfer Agent, Shares submitted pursuant to the Offer may be withdrawn or you may change the number of Shares submitted for repurchase at any time prior to the Repurchase Request Deadline. Direct shareholders seeking to modify or withdraw their tender of Shares must send to the Transfer Agent, at the email address or fax number noted in the Repurchase Request Form, a notice of withdrawal or notice of modification, as applicable, that specifies the name of the person withdrawing or modifying a tender of Shares and the number of Shares to be withdrawn or the modified number of Shares to be tendered. Shares properly withdrawn shall not thereafter be deemed to be tendered for purposes of the Offer. However, withdrawn Shares may be retendered by following the procedures described

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herein prior to the Repurchase Request Deadline. For further information regarding modifications or withdrawals of tenders, you may call a shareholder representative at the Transfer Agent at 800-236-4424. If your Shares are held for you by an Authorized Intermediary and you wish to modify or withdraw any instructions to your Authorized Intermediary to effect a repurchase request, please consult your Authorized Intermediary or, if applicable, your investment adviser.

**8. Suspension or Postponement of Repurchase Offer.** The Board of Trustees of Stone Ridge Trust V, of which the Fund is a series, may suspend or postpone this Offer only by a majority vote of the Trustees (including a majority of the disinterested Trustees) and only in the following limited circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) during any period in which the Exchange or any other market on which the Fund's portfolio securities are traded is closed, other than customary weekend and holiday closings, or trading in those markets is restricted; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) during any period in which an emergency exists as a result of which it is not reasonably practicable for the Fund to dispose of securities owned by it, or during which it is not reasonably practicable for the Fund fairly to determine the Net Asset Value of Fund Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the repurchase would cause the Fund to lose its status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) during other periods as the Securities and Exchange Commission permits the suspension or postponement of offers by the Fund for the protection of its shareholders.

If the Offer is suspended or postponed, the Fund will provide notice of the suspension or postponement to each shareholder of the Fund. If the Fund renews the Offer, the Fund will send a new notification to each shareholder with details concerning the terms and conditions of the renewed Offer.

**9. Certain Federal Income Tax Consequences**. The following discussion is a general summary of certain federal income tax consequences of the Offer. This summary is based on U.S. federal income tax law as of the date hereof, including the Code, applicable Treasury regulations, Internal Revenue Service ("<u>IRS</u>") rulings, judicial authority and current administrative rulings and practice, all of which are subject to change, possibly with retroactive effect. There can be no assurance that the IRS would not assert, or that a court would not sustain, a position contrary to any of those set forth below, and the Fund has not obtained, nor does the Fund intend to obtain, a ruling from the IRS or an opinion of counsel with respect to any of the consequences described below. This discussion does not address all aspects of taxation that may apply to shareholders or to specific types of shareholders such as tax-deferred retirement plans and shareholders that are not "United States persons" within the meaning of the Code (a "<u>foreign shareholder</u>"). Shareholders should review the tax information in the Fund's Prospectus and Statement of Additional Information and should consult their tax advisers regarding the specific tax consequences to them of participating in the Offer, including federal, state, local and foreign tax consequences.

A repurchase of Shares pursuant to the repurchase offer will be treated as a taxable sale or exchange of the Shares for federal income tax purposes if either (a) the tendering shareholder tenders all of its Shares or meets numerical safe harbors with respect to percentage voting interest and reduction in ownership of the fund following the completion of the repurchase offer or (b) the tender otherwise results in a "meaningful reduction" of a shareholder's ownership percentage interest in the Fund, which determination depends on a shareholder's particular facts and circumstances. The Fund intends to take the position that shareholders tendering Shares will qualify for sale or exchange treatment for federal income tax purposes. It is possible that the IRS could disagree and successfully assert that the repurchase of Shares from any shareholder is properly treated as a distribution rather than as a sale or exchange. If the transaction is treated as a sale or exchange, any gain or loss recognized by a shareholder generally will be capital gain or loss if the Shares tendered are held by the shareholder as a capital asset, as short-term capital gain or loss if such Shares have been held for one year or less, and as long-term capital gain or loss if such Shares have been held for more than one year. Under the "wash sale" rules under the Code, loss recognized on Shares sold pursuant to the repurchase offer will ordinarily be disallowed to the extent the shareholder acquires other shares of the Fund or substantially identical stock or securities within 30 days before or after the date the tendered Shares are purchased pursuant to the repurchase offer and, in that event, the basis and holding period of the shares acquired will be adjusted to reflect the disallowed loss.

If the repurchase of Shares pursuant to the repurchase offer is not treated as a sale or exchange for federal income tax purposes, the amount received upon such repurchase will be treated for federal income tax purposes as a distribution from the Fund that will be taxable as a dividend to the extent of the Fund's current or accumulated earnings and profits

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for the year in which the repurchase occurs. Any balance will be treated as a return of capital to the extent of the shareholder's tax basis in its Shares and thereafter as capital gain. In the event that a tendering shareholder is deemed to receive a dividend as a result of tendering its Shares, it is possible that shareholders whose percentage ownership of the Fund increases as result of the tender will be deemed to receive a constructive distribution from the Fund. Such constructive distribution will be treated as a dividend to the extent of the Fund's current or accumulated earnings and profits.

*Foreign Shareholders.* Subject to the discussions below with respect to backup withholding and FATCA, if the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a sale or exchange of such Shares, a foreign shareholder generally will not be subject to U.S. federal income tax on gains (and will not be allowed a deduction for losses) realized on such repurchase unless (i) such gain is effectively connected with the conduct of a trade or business carried on by such shareholder within the United States, or (ii) in the case of an individual shareholder, the shareholder is present in the United States for a period or periods aggregating 183 days or more during the year of the repurchase and certain other conditions are met.

If the repurchase of a foreign shareholder's Shares pursuant to the Offer is treated as a distribution with respect to such Shares, the portion of the distribution that constitutes a dividend generally will be subject to withholding of U.S. federal income tax at a rate of 30% (or lower applicable treaty rate), unless an exemption is available and the Fund elects to apply such an exemption. Such exemptions are described further in the Statement of Additional Information.

To qualify for any exemptions from withholding described above or for lower withholding tax rates under income tax treaties, or to establish an exemption from backup withholding described below, a foreign shareholder must comply with special certification and filing requirements relating to its non-U.S. status (including, in general, furnishing an IRS Form W-8BEN or Form W-8BEN-E, or substitute form).

Foreign shareholders should consult their tax advisers and, if holding Shares through Authorized Intermediaries, their Authorized Intermediaries, concerning the application of these rules to the Offer.

*FATCA*. Sections 1471-1474 of the Code, and the U.S. Treasury Regulations and IRS guidance issued thereunder (collectively, "<u>FATCA</u>"), generally require the Fund to obtain information sufficient to identify the status of each of its shareholders under FATCA or under an applicable intergovernmental agreement (an "<u>IGA</u>"). If a shareholder fails to provide this information or otherwise fails to comply with FATCA or an IGA, the Fund or its agent may be required to withhold under FATCA 30% of ordinary dividends the Fund pays (or is deemed to pay) to that shareholder. The IRS and the Department of Treasury have issued proposed regulations providing that gross proceeds the Fund pays to a shareholder for a share repurchase treated as a sale or exchange will not be subject to FATCA withholding. If an amount paid (or deemed paid) by the Fund is subject to FATCA withholding, the Fund or its agent is required to withhold even if the payment would otherwise be exempt from withholding under rules applicable to foreign shareholders. Each foreign shareholder is urged to consult its tax adviser regarding the applicability of FATCA.

*Backup Withholding.* The Fund generally is required to withhold and remit to the U.S. Treasury a percentage of the taxable distributions and proceeds from a repurchase paid to any individual shareholder (i) who fails to properly furnish the Fund with a correct taxpayer identification number, (ii) who has under-reported dividend or interest income or (iii) who fails to certify to the Fund that he or she is not subject to such withholding.

Backup withholding is not an additional tax. Any amounts withheld may be credited against the shareholder's U.S. federal income tax liability, provided the appropriate information is furnished to the IRS.

*Transfer Taxes.* The Fund will pay all share transfer taxes, if any, payable on the transfer to it of Shares repurchased pursuant to the Offer. If, however, (a) payment of the repurchase price is to be made to any person other than the registered owner(s), or (b) (in the circumstances permitted by the Offer) unpurchased Shares are to be registered in the name(s) of any person other than the registered owner(s), then the amount of any transfer taxes (whether imposed on the registered owner(s) or such other persons) payable on account of the transfer to such person(s) will be deducted from the repurchase price by the Transfer Agent unless satisfactory evidence of the payment of such taxes, or exemption therefrom, is submitted.

**10. Documents in Proper Form.** All questions as to the validity, form, eligibility (including time of receipt) and acceptance of any tender of Shares will be determined by the Fund in its sole discretion, whose determination shall be final and binding on all parties. The Fund reserves the right to require any person who wishes to request that the Fund repurchase their Shares to first provide any documentation that the Fund deems necessary or appropriate as proof of such person's eligibility for the applicable repurchase offer, and such eligibility will be determined by the Fund in its sole discretion. The Fund reserves the absolute right to reject any or all tenders determined by it not to be in appropriate

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form or the acceptance of or payment for any Shares which may, in the opinion of the Fund's counsel, be unlawful. The Fund also reserves the absolute right to waive any of the conditions of the Offer or any defect or irregularity in tender of any particular Shares or any particular shareholder, and the Fund's interpretations of the terms and conditions of the Offer will be final and binding on all parties. Unless waived, any defects or irregularities in connection with tenders must be cured within such time as the Fund shall determine. Tendered Shares will not be accepted for repurchase unless all defects and irregularities have either been cured within such time or waived by the Fund. None of the Fund, Stone Ridge Asset Management LLC, the Transfer Agent or any other person shall be obligated to give notice of defects or irregularities in tenders, nor shall any of them incur any liability for failure to give any such notice. The Fund and the Transfer Agent will not be liable for any loss incurred in the event that the Fund accepts unauthorized telephone instructions or repurchase requests that the Fund reasonably believes to be genuine.

**Neither the Fund nor its Board of Trustees makes any recommendation to any shareholder as to whether to tender or refrain from tendering Shares. Each shareholder must make an independent decision whether to tender Shares and, if so, how many Shares to tender. No person has been authorized to make any recommendation on behalf of the Fund as to whether shareholders should tender Shares pursuant to this Offer. No person has been authorized to give any information or to make any representations in connection with the Offer other than those contained herein, in the attached Repurchase Request Form or in the Fund's Prospectus.** 

**For a copy of the Fund's Prospectus or for other information, visit www.stoneridgefunds.com, call a service representative at the Transfer Agent at 800-236-4424, or contact your Authorized Intermediary or investment adviser.** 

Dated: May 16, 2025

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**STONE RIDGE ALTERNATIVE LENDING RISK PREMIUM FUND** 

**REPURCHASE REQUEST FORM** 

**MUST BE RECEIVED BY 4:00 P.M., EASTERN TIME, June 6, 2025** 

<u>IMPORTANT</u>: THIS FORM IS ONLY FOR USE BY SHAREHOLDERS WHO HOLD THEIR SHARES DIRECTLY THROUGH U.S. BANCORP FUND SERVICES, LLC, THE FUND'S TRANSFER AGENT.

**PLEASE COMPLETE THE FORM BELOW AND RETURN TO <u>brokerdealer@usbank.com</u> OR FAX TO 866-350-5098.** 

**YOU MAY CONTACT THE FUND'S TRANSFER AGENT, U.S. BANCORP FUND SERVICES, LLC, AT <u>brokerdealer@usbank.com</u> OR 800-236-4424 WITH ANY QUESTIONS YOU MAY HAVE RELATED TO TENDERING YOUR SHARES.** 

Please accept this tender of shares as designated below for repurchase at a price equal to their net asset value on the Repurchase Pricing Date. I understand that this quarterly repurchase offer is limited to five percent (5.0%) of the Fund's outstanding shares and, that, if the offer is oversubscribed, the Fund may not purchase the full amount of the shares that I am requesting, in which case the Fund will repurchase shares as described in the Repurchase Offer Terms.

**Shareholder Information:** 

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Name(s) of Registered Shareholder(s)** | **Telephone Number(s)** | **Email address** |

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**Tender Request:** 

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Account Number** | **Number of Shares to Tender** |

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**Payment Information:** 

Payment will be made to the shareholder via check, unless wire instructions are present on their account.

Signature of Shareholder(s)

## Exhibit 99.906

EX.99.906CERT

**<u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u>** 

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the Stone Ridge Trust V, does hereby certify, to such officer's knowledge, that the report on Form N-CSR of the Stone Ridge Trust V for the year ended February 28, 2026 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Stone Ridge Trust V for the stated period.

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| | |
|:---|:---|
| /s/ Ross Stevens | /s/ Maura Keselowsky |
|  Ross Stevens<br> President, Chief Executive Officer, and Principal Executive Officer, Stone Ridge Trust V<br>Dated: <u>5/8/2026</u>  | Maura Keselowsky<br> Treasurer, Principal Financial Officer, Chief Financial Officer, and Chief Accounting Officer, Stone Ridge Trust V<br>Dated: <u>5/8/2026</u>  |

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This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by Stone Ridge Trust V for purposes of Section 18 of the Securities Exchange Act of 1934.