AQR Emerging Defensive Style N
Name
As of 12/18/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.0%
1 yr return
2.5%
3 Yr Avg Return
0.2%
5 Yr Avg Return
4.0%
Net Assets
$8.81 M
Holdings in Top 10
22.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/18/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AZENX - Profile
Distributions
- YTD Total Return -2.0%
- 3 Yr Annualized Total Return 0.2%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.91%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAQR Emerging Defensive Style Fund
-
Fund Family NameAQR Funds
-
Inception DateJul 09, 2012
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAndrea Frazzini
Fund Description
AZENX - Performance
Return Ranking - Trailing
Period | AZENX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.0% | -22.5% | 475.1% | 92.14% |
1 Yr | 2.5% | -20.1% | 79.0% | 92.45% |
3 Yr | 0.2%* | -8.3% | 27.8% | 88.64% |
5 Yr | 4.0%* | -1.4% | 24.8% | 95.94% |
10 Yr | N/A* | -0.9% | 9.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | AZENX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | -4.8% | 42.0% | 96.06% |
2022 | -10.5% | -58.5% | 0.0% | 1.57% |
2021 | 26.1% | -33.4% | 66.6% | 77.45% |
2020 | 0.6% | -10.1% | 241.3% | 89.00% |
2019 | -18.1% | -34.7% | 4.9% | 79.41% |
Total Return Ranking - Trailing
Period | AZENX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.0% | -22.9% | 475.1% | 92.14% |
1 Yr | 2.5% | -20.1% | 79.0% | 91.56% |
3 Yr | 0.2%* | -8.3% | 27.8% | 87.80% |
5 Yr | 4.0%* | -1.4% | 24.8% | 95.64% |
10 Yr | N/A* | -0.9% | 9.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | AZENX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | -4.8% | 42.0% | 96.06% |
2022 | -10.5% | -41.9% | 0.0% | 2.85% |
2021 | 27.9% | -24.0% | 66.6% | 79.63% |
2020 | 2.1% | -10.0% | 249.6% | 84.19% |
2019 | -16.2% | -34.7% | 4.9% | 72.08% |
NAV & Total Return History
AZENX - Holdings
Concentration Analysis
AZENX | Category Low | Category High | AZENX % Rank | |
---|---|---|---|---|
Net Assets | 8.81 M | 787 K | 94.6 B | 93.46% |
Number of Holdings | 179 | 1 | 5633 | 28.69% |
Net Assets in Top 10 | 1.95 M | -81.1 M | 23.9 B | 95.20% |
Weighting of Top 10 | 22.56% | 2.9% | 100.0% | 87.20% |
Top 10 Holdings
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
- MSCI Emerging Markets Index Future Dec 20 5.61%
Asset Allocation
Weighting | Return Low | Return High | AZENX % Rank | |
---|---|---|---|---|
Stocks | 98.82% | 43.59% | 115.67% | 34.85% |
Other | 5.45% | -5.37% | 121.77% | 1.56% |
Preferred Stocks | 0.00% | 0.00% | 1.77% | 60.86% |
Convertible Bonds | 0.00% | 0.00% | 14.79% | 53.06% |
Bonds | 0.00% | -9.89% | 55.55% | 58.68% |
Cash | -4.27% | -114.84% | 13.68% | 98.56% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AZENX % Rank | |
---|---|---|---|---|
Consumer Defense | 23.50% | 0.00% | 31.59% | 2.29% |
Communication Services | 16.13% | 0.00% | 52.53% | 23.19% |
Financial Services | 15.64% | 0.00% | 46.26% | 59.42% |
Basic Materials | 11.31% | 0.00% | 20.93% | 7.37% |
Healthcare | 11.05% | 0.00% | 97.11% | 10.39% |
Technology | 10.53% | 0.00% | 49.20% | 93.00% |
Utilities | 5.20% | 0.00% | 37.51% | 4.35% |
Industrials | 2.91% | 0.00% | 45.13% | 79.35% |
Consumer Cyclical | 2.31% | 0.00% | 47.02% | 99.52% |
Energy | 0.97% | 0.00% | 21.54% | 82.25% |
Real Estate | 0.45% | 0.00% | 19.56% | 76.21% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AZENX % Rank | |
---|---|---|---|---|
Non US | 98.81% | 0.00% | 111.26% | 23.53% |
US | 0.01% | -1.02% | 99.72% | 64.83% |
AZENX - Expenses
Operational Fees
AZENX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.43% | 0.04% | 40.36% | 47.61% |
Management Fee | 0.55% | 0.00% | 2.00% | 12.86% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 40.97% |
Administrative Fee | N/A | 0.01% | 1.25% | N/A |
Sales Fees
AZENX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.40% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AZENX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.40% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
AZENX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 0.00% | 420.00% | 36.44% |
AZENX - Distributions
Dividend Yield Analysis
AZENX | Category Low | Category High | AZENX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.48% | 57.84% |
Dividend Distribution Analysis
AZENX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
AZENX | Category Low | Category High | AZENX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.91% | -1.40% | 6.51% | 64.72% |
Capital Gain Distribution Analysis
AZENX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2018 | $0.151 | |
Dec 21, 2017 | $0.140 | |
Dec 21, 2016 | $0.121 | |
Dec 22, 2015 | $0.187 | |
Dec 23, 2013 | $0.073 |
AZENX - Fund Manager Analysis
Managers
Andrea Frazzini
Start Date
Tenure
Tenure Rank
Jul 09, 2012
8.4
8.4%
Andrea is a Principal on AQR’s Global Stock Selection team, focusing on research and portfolio management of the Firm’s Long/Short and Long-Only equity strategies. He is also an Adjunct Professor of Finance at New York University’s Stern School of Business. He has published in top academic journals and won several awards for his research, including the Smith Breeden Award, the Fama-DFA award, the BGI best paper award, several Bernstein Fabozzi/Jacobs Levy Awards, and the PanAgora Crowell Memorial Prize. Prior to AQR in 2008, Andrea was an associate professor of finance at the University of Chicago’s Graduate School of Business and a Research Associate at the National Bureau of Economic Research. He also served as a consultant for DKR Capital Partners and J.P. Morgan Securities and on the board of directors of the Center for Research in Security Prices at the University of Chicago. He earned a B.S. in economics from the University of Roma Tre, an M.S. in economics from the London School of Economics and a Ph.D. in economics from Yale University.
Michele Aghassi
Start Date
Tenure
Tenure Rank
Mar 16, 2016
4.71
4.7%
Michele Aghassi is a Principal at AQR Capital Management, where she serves as a portfolio manager for the firm's equity strategies. Throughout her tenure at AQR, she has been a leader in research and strategy development, contributing to the advancement of the stock selection investment process. She played a key role in launching the firm’s emerging equities strategy in 2008 and developed the proprietary robust optimization technology that AQR uses to build portfolios. In addition to her responsibilities at AQR, she serves on the Editorial Advisory Board of The Journal of Portfolio Management. Earlier in her career, Michele worked as a quantitative analyst in the proprietary equities department of D.E. Shaw & Co. Michele graduated magna cum laude from Brown University with a B.Sc. in applied mathematics and subsequently earned a Ph.D. in operations research from the Massachusetts Institute of Technology, where she was a National Science Foundation Graduate Research Fellow and an MIT Presidential Graduate Fellow.
Ronen Israel
Start Date
Tenure
Tenure Rank
Jan 01, 2020
0.92
0.9%
Ronen Israel, M.A., is a Principal of AQR Capital Management. Mr. Israel joined AQR Capital Management in 1999, is the Co-Head of Portfolio Management, Research, Risk and Trading and is a member of the firm’s Executive Committee. Prior to joining AQR, Ronen was a Senior Analyst at Quantitative Financial Strategies, Inc., a quantitative investment management firm, specializing in currencies and global macro strategies, with $2.5 billion under management. Before that, he worked as a management consultant, specializing in building out financial systems for financial services firms. Ronen received an MA in Mathematics, specializing in mathematical finance, from Columbia University, a BS in Economics from The Wharton School at the University of Pennsylvania and a BAS in Biomedical Science from the School of Engineering and Applied Science at the University of Pennsylvania.
Lars Nielsen
Start Date
Tenure
Tenure Rank
Jan 01, 2020
0.92
0.9%
Nielsen is a Principal of AQR Capital Management. Mr. Nielsen joined AQR in 2000 and currently serves as the co-head of portfolio management, research, risk and trading. He earned a B.Sc. and an M.Sc. in economics from the University of Copenhagen. Prior to joining the Adviser in 2000, he was an Analyst in the Quantitative Research Group of Danske Invest.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.03 | 33.78 | 5.95 | 1.0 |