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Trending ETFs

Name

As of 12/18/2020

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.85

$8.81 M

0.00%

$0.21

3.53%

Vitals

YTD Return

-6.0%

1 yr return

2.7%

3 Yr Avg Return

0.5%

5 Yr Avg Return

4.3%

Net Assets

$8.81 M

Holdings in Top 10

22.6%

52 WEEK LOW AND HIGH

$8.9
$6.53
$9.59

Expenses

OPERATING FEES

Expense Ratio 3.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 38.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$50,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/18/2020

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.85

$8.81 M

0.00%

$0.21

3.53%

AZERX - Profile

Distributions

  • YTD Total Return -6.0%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AQR Emerging Defensive Style Fund
  • Fund Family Name
    AQR Funds
  • Inception Date
    Sep 02, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrea Frazzini

Fund Description


AZERX - Performance

Return Ranking - Trailing

Period AZERX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.0% -22.5% 475.1% 96.26%
1 Yr 2.7% -20.1% 79.0% 92.20%
3 Yr 0.5%* -8.3% 27.8% 87.57%
5 Yr 4.3%* -1.4% 24.8% 94.64%
10 Yr N/A* -0.9% 9.9% N/A

* Annualized

Return Ranking - Calendar

Period AZERX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -4.8% 42.0% 96.59%
2022 -10.4% -58.5% 0.0% 1.28%
2021 26.1% -33.4% 66.6% 77.29%
2020 0.5% -10.1% 241.3% 90.03%
2019 -18.8% -34.7% 4.9% 83.17%

Total Return Ranking - Trailing

Period AZERX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.0% -22.9% 475.1% 96.13%
1 Yr 2.7% -20.1% 79.0% 91.32%
3 Yr 0.5%* -8.3% 27.8% 86.46%
5 Yr 4.3%* -1.4% 24.8% 94.33%
10 Yr N/A* -0.9% 9.9% N/A

* Annualized

Total Return Ranking - Calendar

Period AZERX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -4.8% 42.0% 96.59%
2022 -8.6% -41.9% 0.0% 1.71%
2021 28.3% -24.0% 66.6% 77.60%
2020 2.4% -10.0% 249.6% 83.16%
2019 -15.9% -34.7% 4.9% 68.71%

NAV & Total Return History


AZERX - Holdings

Concentration Analysis

AZERX Category Low Category High AZERX % Rank
Net Assets 8.81 M 787 K 94.6 B 93.34%
Number of Holdings 179 1 5633 28.57%
Net Assets in Top 10 1.95 M -81.1 M 23.9 B 95.08%
Weighting of Top 10 22.56% 2.9% 100.0% 87.08%

Top 10 Holdings

  1. MSCI Emerging Markets Index Future Dec 20 5.61%
  2. MSCI Emerging Markets Index Future Dec 20 5.61%
  3. MSCI Emerging Markets Index Future Dec 20 5.61%
  4. MSCI Emerging Markets Index Future Dec 20 5.61%
  5. MSCI Emerging Markets Index Future Dec 20 5.61%
  6. MSCI Emerging Markets Index Future Dec 20 5.61%
  7. MSCI Emerging Markets Index Future Dec 20 5.61%
  8. MSCI Emerging Markets Index Future Dec 20 5.61%
  9. MSCI Emerging Markets Index Future Dec 20 5.61%
  10. MSCI Emerging Markets Index Future Dec 20 5.61%

Asset Allocation

Weighting Return Low Return High AZERX % Rank
Stocks
98.82% 43.59% 115.67% 34.73%
Other
5.45% -5.37% 121.77% 1.44%
Preferred Stocks
0.00% 0.00% 1.77% 60.02%
Convertible Bonds
0.00% 0.00% 14.79% 52.10%
Bonds
0.00% -9.89% 55.55% 57.72%
Cash
-4.27% -114.84% 13.68% 98.44%

Stock Sector Breakdown

Weighting Return Low Return High AZERX % Rank
Consumer Defense
23.50% 0.00% 31.59% 2.17%
Communication Services
16.13% 0.00% 52.53% 23.07%
Financial Services
15.64% 0.00% 46.26% 59.30%
Basic Materials
11.31% 0.00% 20.93% 7.25%
Healthcare
11.05% 0.00% 97.11% 10.27%
Technology
10.53% 0.00% 49.20% 92.87%
Utilities
5.20% 0.00% 37.51% 4.23%
Industrials
2.91% 0.00% 45.13% 79.23%
Consumer Cyclical
2.31% 0.00% 47.02% 99.40%
Energy
0.97% 0.00% 21.54% 82.13%
Real Estate
0.45% 0.00% 19.56% 76.09%

Stock Geographic Breakdown

Weighting Return Low Return High AZERX % Rank
Non US
98.81% 0.00% 111.26% 23.41%
US
0.01% -1.02% 99.72% 64.71%

AZERX - Expenses

Operational Fees

AZERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.53% 0.04% 40.36% 6.66%
Management Fee 0.55% 0.00% 2.00% 12.74%
12b-1 Fee N/A 0.00% 1.00% 17.34%
Administrative Fee N/A 0.01% 1.25% N/A

Sales Fees

AZERX 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

AZERX 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.

AZERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 420.00% 36.32%

AZERX - Distributions

Dividend Yield Analysis

AZERX Category Low Category High AZERX % Rank
Dividend Yield 0.00% 0.00% 9.48% 57.01%

Dividend Distribution Analysis

AZERX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

AZERX Category Low Category High AZERX % Rank
Net Income Ratio 3.55% -1.40% 6.51% 4.72%

Capital Gain Distribution Analysis

AZERX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

AZERX - 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