ARCNX - Snapshot
Vitals
- YTD Return 3.4%
- 3 Yr Annualized Return 1.5%
- 5 Yr Annualized Return 6.0%
- Net Assets $55.5 M
- Holdings in Top 10 97.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.32%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 0.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
Commodity
- Fund Type Open End Mutual Fund
- Investment Style Commodities Broad Basket
ARCNX - Profile
Distributions
- YTD Total Return 3.4%
- 3 Yr Annualized Total Return 1.5%
- 5 Yr Annualized Total Return 6.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.79%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAQR Risk-Balanced Commodities Strategy Fund
-
Fund Family NameAQR Funds
-
Inception DateJul 09, 2012
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerYao Ooi
Fund Description
The fund pursues its investment objective by allocating assets among various commodity sectors (including agricultural, energy, livestock, softs (e.g., non-grain agricultural products such as coffee, sugar, cocoa, etc.) and precious and base metals). It also invests in fixed income securities and money market instruments. The fund will obtain exposure to commodity sectors by investing in commodity-linked derivatives, directly or through its investment in the Subsidiary. It is non-diversified.
ARCNX - Performance
Return Ranking - Trailing
Period | ARCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -11.9% | 65.5% | 67.26% |
1 Yr | 8.1% | -88.7% | 46.3% | 28.94% |
3 Yr | 1.5%* | -47.9% | 62.8% | 19.37% |
5 Yr | 6.0%* | -39.9% | 33.6% | 17.98% |
10 Yr | N/A* | -29.8% | 10.8% | N/A |
* Annualized
Return Ranking - Calendar
Period | ARCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 8.0% | -87.8% | 612.3% | 31.30% |
2019 | 12.0% | -88.2% | 53.9% | 24.12% |
2018 | -18.1% | -42.9% | 323.8% | 73.18% |
2017 | 10.2% | -37.6% | 55.7% | 13.77% |
2016 | 11.0% | -34.9% | 49.2% | 49.69% |
Total Return Ranking - Trailing
Period | ARCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.4% | -11.9% | 65.5% | 67.26% |
1 Yr | 8.1% | -88.7% | 46.3% | 28.94% |
3 Yr | 1.5%* | -47.9% | 62.8% | 19.37% |
5 Yr | 6.0%* | -39.9% | 33.6% | 17.42% |
10 Yr | N/A* | -29.8% | 10.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ARCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 8.0% | -87.8% | 295.5% | 30.00% |
2019 | 12.0% | -88.2% | 53.9% | 25.44% |
2018 | -18.1% | -42.9% | 208.1% | 81.01% |
2017 | 10.2% | -37.6% | 55.7% | 16.17% |
2016 | 16.1% | -34.9% | 49.2% | 18.63% |
NAV & Total Return History
ARCNX - Holdings
Concentration Analysis
ARCNX | Category Low | Category High | ARCNX % Rank | |
---|---|---|---|---|
Net Assets | 55.5 M | 172 K | 71.2 B | 56.49% |
Number of Holdings | 14 | 1 | 691 | 63.06% |
Net Assets in Top 10 | 134 M | 577 K | 71.2 B | 64.33% |
Weighting of Top 10 | 97.66% | 12.1% | 100.0% | 31.36% |
Top 10 Holdings
- Ubs Money Ser 37.61%
- Ubs Relationship Fds 24.00%
- United States Treasury Bills 9.52%
- United States Treasury Bills 8.62%
- United States Treasury Bills 7.96%
- United States Treasury Bills 7.45%
- United States Treasury Bills 7.20%
- United States Treasury Bills 7.03%
- United States Treasury Bills 3.44%
- United States Treasury Bills 3.23%
Asset Allocation
Weighting | Return Low | Return High | ARCNX % Rank | |
---|---|---|---|---|
Other | 61.61% | 0.00% | 111.73% | 27.39% |
Bonds | 35.74% | -2.12% | 97.02% | 35.67% |
Cash | 2.64% | -77.83% | 100.00% | 67.52% |
Stocks | 0.00% | 0.00% | 49.19% | 57.32% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 50.96% |
Convertible Bonds | 0.00% | 0.00% | 4.47% | 65.61% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ARCNX % Rank | |
---|---|---|---|---|
Government | 88.60% | 0.00% | 98.91% | 9.03% |
Cash & Equivalents | 11.40% | 1.09% | 100.00% | 86.11% |
Derivative | 0.00% | 0.00% | 10.54% | 58.33% |
Securitized | 0.00% | 0.00% | 30.51% | 66.67% |
Corporate | 0.00% | 0.00% | 70.17% | 68.75% |
Municipal | 0.00% | 0.00% | 2.35% | 57.64% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ARCNX % Rank | |
---|---|---|---|---|
US | 35.74% | -2.12% | 142.49% | 34.39% |
Non US | 0.00% | -45.47% | 18.34% | 63.06% |
ARCNX - Expenses
Operational Fees
ARCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.32% | 0.01% | 17.60% | 36.70% |
Management Fee | 0.80% | 0.00% | 1.75% | 79.08% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 44.29% |
Administrative Fee | N/A | 0.04% | 0.45% | N/A |
Sales Fees
ARCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
ARCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
ARCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 0.00% | 0.00% | 286.01% | 28.03% |
ARCNX - Distributions
Dividend Yield Analysis
ARCNX | Category Low | Category High | ARCNX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 15.87% | 54.62% |
Dividend Distribution Analysis
ARCNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
ARCNX | Category Low | Category High | ARCNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.79% | -25.58% | 36.51% | 55.92% |
Capital Gain Distribution Analysis
ARCNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Daily | Annually |
Dividend Payout History
Date | Amount |
---|---|
Dec 20, 2018 | $0.016 |
Dec 21, 2017 | $0.001 |
Dec 21, 2016 | $0.290 |
ARCNX - Fund Manager Analysis
Managers
Yao Ooi
Start Date
Tenure
Tenure Rank
Jul 09, 2012
8.48
8.5%
Yao Hua Ooi is a Principal at AQR Capital Management, where he is the Head of our Macro and Multi-Strategy team. In this role, he leads the Research and Portfolio Management teams focused on AQR’s macro and multi-strategy funds, including the firm’s Managed Futures, Risk Parity, Alternative Risk Premia, Multi-Strategy, Multi-Asset and Global Macro products. His research has been published in the Journal of Financial Economics, the Journal of Portfolio Management, the Financial Analysts Journal and the Journal of Investment Management. He was named the 2013 Alternatives Fund Manager of the Year by Morningstar for his work on managed futures, and shared the 2013 Whitebox Prize for his work on time series momentum. Yao Hua earned a B.S. in economics and a B.S. in engineering from the Jerome Fisher Program in Management and Technology at the University of Pennsylvania, graduating summa cum laude.
Ari Levine
Start Date
Tenure
Tenure Rank
Jul 09, 2012
8.48
8.5%
Ari is a portfolio manager for AQR’s commodities and managed futures strategies, leading research efforts in both areas. His research on trend following techniques has been published in the Financial Analysts Journal. Ari earned a B.S. in finance and a B.S.E. and M.S.E. in electrical engineering from the Jerome Fisher Program in Management and Technology at the University of Pennsylvania.
Ronen Israel
Start Date
Tenure
Tenure Rank
Jan 01, 2020
1.0
1.0%
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
1.0
1.0%
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 | 16.13 | 6.66 | 10.09 |