AQR Diversifying Strategies Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
10.6%
1 yr return
20.8%
3 Yr Avg Return
11.6%
5 Yr Avg Return
N/A
Net Assets
$395 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.91%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 14.00%
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 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
QDSNX - Profile
Distributions
- YTD Total Return 10.6%
- 3 Yr Annualized Total Return 11.6%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 6.69%
- Dividend Yield 10.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAQR Diversifying Strategies Fund
-
Fund Family NameAQR Funds
-
Inception DateJun 08, 2020
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Metchick
Fund Description
QDSNX - Performance
Return Ranking - Trailing
Period | QDSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.6% | -73.0% | 19.4% | 8.24% |
1 Yr | 20.8% | -9.1% | 86.9% | N/A |
3 Yr | 11.6%* | -9.5% | 16.2% | N/A |
5 Yr | N/A* | -4.9% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | QDSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.4% | -22.7% | 305.1% | N/A |
2022 | 6.0% | -9.8% | 27.3% | N/A |
2021 | 4.1% | -20.8% | 10.9% | N/A |
2020 | N/A | -12.4% | 29.4% | N/A |
2019 | N/A | -10.5% | 15.8% | N/A |
Total Return Ranking - Trailing
Period | QDSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.6% | -73.0% | 19.4% | 8.24% |
1 Yr | 20.8% | -13.4% | 86.9% | N/A |
3 Yr | 11.6%* | -9.5% | 16.2% | N/A |
5 Yr | N/A* | -5.3% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | QDSNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.5% | -22.7% | 305.1% | N/A |
2022 | 14.5% | -9.8% | 27.3% | N/A |
2021 | 10.4% | -20.8% | 10.9% | N/A |
2020 | N/A | -8.4% | 29.4% | N/A |
2019 | N/A | -10.2% | 18.0% | N/A |
NAV & Total Return History
QDSNX - Holdings
Concentration Analysis
QDSNX | Category Low | Category High | QDSNX % Rank | |
---|---|---|---|---|
Net Assets | 395 M | 1.5 M | 5.01 B | 86.72% |
Number of Holdings | 7 | 4 | 4478 | 99.29% |
Net Assets in Top 10 | 451 M | -398 M | 2.55 B | 64.66% |
Weighting of Top 10 | 100.01% | 13.1% | 100.0% | 1.83% |
Top 10 Holdings
- AQR Multi-Asset Fund, Class R6 30.16%
- AQR Equity Market Neutral Fund, Class R6 19.02%
- AQR Style Premia Alternative Fund, Class R6 18.15%
- AQR Macro Opportunities Fund, Class R6 12.46%
- AQR Managed Futures Strategy HV Fund, Class R6 11.48%
- AQR Diversified Arbitrage Fund, Class R6 6.70%
- Limited Purpose Cash Investment Fund 2.04%
Asset Allocation
Weighting | Return Low | Return High | QDSNX % Rank | |
---|---|---|---|---|
Convertible Bonds | 2.18% | 0.00% | 87.92% | 9.89% |
Cash | 2.04% | -6278.21% | 410.43% | 97.53% |
Stocks | 0.00% | -3.75% | 97.95% | 47.70% |
Preferred Stocks | 0.00% | -0.12% | 46.97% | 11.31% |
Other | 0.00% | -21.53% | 148.54% | 9.54% |
Bonds | 0.00% | -326.45% | 6347.80% | 2.83% |
QDSNX - Expenses
Operational Fees
QDSNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.91% | 0.29% | 31.15% | 52.16% |
Management Fee | 0.00% | 0.00% | 2.50% | 0.71% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 54.05% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
QDSNX 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% | 5.00% | N/A |
Trading Fees
QDSNX 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.
QDSNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 14.00% | 0.00% | 491.00% | 11.29% |
QDSNX - Distributions
Dividend Yield Analysis
QDSNX | Category Low | Category High | QDSNX % Rank | |
---|---|---|---|---|
Dividend Yield | 10.08% | 0.00% | 4.56% | 64.31% |
Dividend Distribution Analysis
QDSNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
QDSNX | Category Low | Category High | QDSNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.69% | -2.51% | 6.83% | 7.91% |
Capital Gain Distribution Analysis
QDSNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $1.252 | OrdinaryDividend |
Dec 29, 2022 | $0.917 | OrdinaryDividend |
Dec 31, 2021 | $0.647 | OrdinaryDividend |
QDSNX - Fund Manager Analysis
Managers
Scott Metchick
Start Date
Tenure
Tenure Rank
Jun 08, 2020
1.98
2.0%
Scott Metchick is a Principal of the Adviser. Mr. Metchick joined the Adviser in 2012 where he is a senior member of the Research and Portfolio management team responsible for the firm’s Alternative Risk Premia and Multi-Strategy products. Mr. Metchick earned his B.S. in finance from Lehigh University.
Lars Nielsen
Start Date
Tenure
Tenure Rank
Jun 08, 2020
1.98
2.0%
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.
Yao Ooi
Start Date
Tenure
Tenure Rank
Jun 08, 2020
1.98
2.0%
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.
Ashwin Thapar
Start Date
Tenure
Tenure Rank
Jun 08, 2020
1.98
2.0%
Ashwin Thapar is a Principal and senior member of the Research and Portfolio Management team at AQR Capital Management. In his role, he co-heads research and portfolio management efforts on AQR’s macro and multi-strategy funds, including the firm’s Managed Futures, Global Macro, Alternative Risk Premia and Multi-Strategy products. Ashwin has published research on topics including currency hedging, deep value and alternative risk premia investing and is a frequent conference presenter on these topics. Ashwin earned a B.Sc. in finance and a B.A. in mathematics from the University of Pennsylvania, graduating summa cum laude in both fields.
Jordan Brooks
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Jordan Brooks is a Principal at AQR Capital Management, where he is the Co-Head of the Macro Strategies Group. In this role, he oversees equity index, fixed income, currency, and risk parity research, and is a portfolio manager for the firm’s risk parity, global macro, and multi-strategy portfolios. Jordan is also a Lecturer in Management at Yale University and an Adjunct Professor of Finance at New York University. He has published numerous articles on fixed income, global macro, and the intersection of asset pricing and macroeconomics. Prior to joining AQR, Jordan was a teaching fellow in the economics department at New York University, and a dissertation intern in the division of monetary affairs at the Federal Reserve Board of Governors and in the capital markets group at the Federal Reserve Bank of New York. Jordan earned a B.A. in economics and mathematics from Boston College, and an M.A. and Ph.D., both in economics, from New York University.
John Huss
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
John J. Huss, Principal, rejoined AQR in 2013 and oversees multi-asset class strategies as a researcher and portfolio manager. Mr. Huss rejoined the AQR Capital Management in 2013 and is a portfolio manager for the firm’s World Allocation strategy where he focuses on macroeconomic and portfolio construction research for risk parity and other asset allocation strategies. Prior to rejoining the firm, where he first worked from 2004 to 2008, Mr. Huss was a vice president in RBC’s Global Arbitrage and Trading division and a systematic portfolio manager for Tudor Investment Corp. Mr. Huss earned a B.S. in mathematics from the Massachusetts Institute of Technology.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |