The Stone Ridge Diversified Alternatives Fund Class I (SRDAX) is a mutual fund that offers investors a diverse portfolio of alternative investments. These may include assets such as commodities, real estate, and private equity, in addition to traditional stocks and bonds. This fund aims to provide investors with a balanced and flexible approach to investing, with the potential for higher returns and lower risk compared to a traditional stock and bond portfolio. As a Class I fund, it is typically only available to institutional investors and may have lower fees and expenses compared to other classes of the same fund.