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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.34

$146 M

0.00%

$0.00

1.50%

Vitals

YTD Return

13.9%

1 yr return

26.2%

3 Yr Avg Return

5.2%

5 Yr Avg Return

-0.2%

Net Assets

$146 M

Holdings in Top 10

95.3%

52 WEEK LOW AND HIGH

$8.4
$6.83
$9.45

Expenses

OPERATING FEES

Expense Ratio 1.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 282.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Equity Market Neutral


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.34

$146 M

0.00%

$0.00

1.50%

QMNIX - Profile

Distributions

  • YTD Total Return 13.9%
  • 3 Yr Annualized Total Return 5.2%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AQR Equity Market Neutral Fund
  • Fund Family Name
    AQR Funds
  • Inception Date
    Oct 07, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrea Frazzini

Fund Description

The fund is designed to be market- or beta-neutral, which means that the fund seeks to achieve returns that are not closely correlated with the returns of the equity markets in which the fund invests. Under normal market conditions, it pursues its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in equity instruments and equity related and/or derivative instruments.


QMNIX - Performance

Return Ranking - Trailing

Period QMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -11.6% 15.8% 3.00%
1 Yr 26.2% -33.0% 41.7% 79.61%
3 Yr 5.2%* -10.5% 13.4% 98.98%
5 Yr -0.2%* -4.8% 11.1% 97.59%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period QMNIX Return Category Return Low Category Return High Rank in Category (%)
2021 16.0% -31.7% 23.2% 97.96%
2020 -31.4% -20.7% 10.7% 94.85%
2019 -14.5% -12.4% 14.7% 98.89%
2018 -12.2% -13.2% 12.9% 34.18%
2017 2.3% -11.7% 7.9% 18.57%

Total Return Ranking - Trailing

Period QMNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -11.7% 15.8% 3.00%
1 Yr 26.2% -33.0% 41.7% 78.64%
3 Yr 5.2%* -10.5% 13.4% 98.98%
5 Yr -0.2%* -4.8% 11.1% 97.59%
10 Yr N/A* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period QMNIX Return Category Return Low Category Return High Rank in Category (%)
2021 16.0% -31.7% 23.2% 97.96%
2020 -31.4% -20.7% 10.7% 94.85%
2019 -14.5% -12.4% 14.7% 98.89%
2018 -12.2% -12.7% 12.9% 59.49%
2017 2.3% -11.5% 13.2% 27.14%

NAV & Total Return History


QMNIX - Holdings

Concentration Analysis

QMNIX Category Low Category High QMNIX % Rank
Net Assets 146 M 105 K 12.6 B 67.31%
Number of Holdings 2312 5 2526 5.77%
Net Assets in Top 10 104 M -619 M 6.53 B 35.58%
Weighting of Top 10 95.26% 7.6% 96.1% 2.04%

Top 10 Holdings

  1. Limited Purpose Cash Investment 49.70%
  2. United States Treasury Bills 20.65%
  3. United States Treasury Bills 0% 17.63%
  4. United States Treasury Bills 17.57%
  5. United States Treasury Bills 17.34%
  6. United States Treasury Bills 16.77%
  7. United States Treasury Bills 0% 13.62%
  8. United States Treasury Bills 12.38%
  9. United States Treasury Bills 0% 11.92%
  10. United States Treasury Bills 0% 11.54%

Asset Allocation

Weighting Return Low Return High QMNIX % Rank
Other
49.70% -11.90% 43.69% 1.92%
Bonds
37.20% -1.04% 63.30% 3.85%
Cash
19.10% -225.56% 102.75% 84.62%
Preferred Stocks
0.00% 0.00% 5.67% 89.42%
Convertible Bonds
0.00% 0.00% 95.47% 89.42%
Stocks
-5.99% -57.09% 325.56% 86.54%

Bond Sector Breakdown

Weighting Return Low Return High QMNIX % Rank
Government
65.82% 0.00% 73.33% 1.92%
Cash & Equivalents
31.52% 0.00% 100.00% 91.35%
Derivative
2.66% 0.00% 30.95% 17.31%
Securitized
0.00% 0.00% 27.70% 83.65%
Corporate
0.00% 0.00% 100.00% 45.19%
Municipal
0.00% 0.00% 3.82% 83.65%

Bond Geographic Breakdown

Weighting Return Low Return High QMNIX % Rank
US
37.20% -1.04% 80.93% 5.77%
Non US
0.00% -64.71% 9.68% 81.73%

QMNIX - Expenses

Operational Fees

QMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.73% 9.52% 71.84%
Management Fee 1.10% 0.13% 1.65% 52.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.06% 0.40% N/A

Sales Fees

QMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

QMNIX 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.

QMNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 282.00% 30.00% 483.00% 68.54%

QMNIX - Distributions

Dividend Yield Analysis

QMNIX Category Low Category High QMNIX % Rank
Dividend Yield 0.00% 0.00% 0.75% 81.73%

Dividend Distribution Analysis

QMNIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

QMNIX Category Low Category High QMNIX % Rank
Net Income Ratio -1.22% -2.49% 4.20% 57.28%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

QMNIX - Fund Manager Analysis

Managers

Andrea Frazzini


Start Date

Tenure

Tenure Rank

Oct 07, 2014

7.65

7.7%

Andrea Frazzini is a Principal at AQR Capital Management, where he is the Head of our Global Stock Selection team. 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 Prize, the BGI Michael Brennan Award, several Bernstein Fabozzi/Jacobs Levy Awards and the PanAgora Crowell Memorial Prize. Prior to joining AQR, 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 was 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

6.21

6.2%

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.

Lars Nielsen


Start Date

Tenure

Tenure Rank

Jan 01, 2020

2.41

2.4%

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.

Clifford Asness


Start Date

Tenure

Tenure Rank

Jan 01, 2022

0.41

0.4%

Dr. Asness is a Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. He is an research notable for its relevance and enduring value to investment professionals. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, Sachs & Co. Dr. Asness is on the editorial board of The Journal of Portfolio Management, the governing board of the Courant Institute of Mathematical Finance at NYU, the Board of Directors of the Q-Group.

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
0.08 30.59 6.3 9.42