AQR Alternative Risk Premia Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
18.7%
1 yr return
15.3%
3 Yr Avg Return
17.6%
5 Yr Avg Return
6.8%
Net Assets
$214 M
Holdings in Top 10
65.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 5.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 179.00%
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 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
QRPNX - Profile
Distributions
- YTD Total Return 18.7%
- 3 Yr Annualized Total Return 17.6%
- 5 Yr Annualized Total Return 6.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.78%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAQR Alternative Risk Premia Fund
-
Fund Family NameAQR Funds
-
Inception DateSep 19, 2017
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerYao Ooi
Fund Description
QRPNX - Performance
Return Ranking - Trailing
Period | QRPNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.7% | -73.0% | 19.4% | 7.89% |
1 Yr | 15.3% | -9.1% | 86.9% | 96.73% |
3 Yr | 17.6%* | -9.5% | 16.2% | 98.80% |
5 Yr | 6.8%* | -4.9% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | QRPNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.9% | -22.7% | 305.1% | 100.00% |
2022 | 24.8% | -9.8% | 27.3% | 92.34% |
2021 | 9.8% | -20.8% | 10.9% | 69.33% |
2020 | -22.7% | -12.4% | 29.4% | N/A |
2019 | -3.8% | -10.5% | 15.8% | N/A |
Total Return Ranking - Trailing
Period | QRPNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.7% | -73.0% | 19.4% | 7.89% |
1 Yr | 15.3% | -13.4% | 86.9% | 95.27% |
3 Yr | 17.6%* | -9.5% | 16.2% | 98.39% |
5 Yr | 6.8%* | -5.3% | 14.4% | N/A |
10 Yr | N/A* | -0.9% | 7.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | QRPNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | -22.7% | 305.1% | 100.00% |
2022 | 24.8% | -9.8% | 27.3% | 92.34% |
2021 | 14.0% | -20.8% | 10.9% | 74.22% |
2020 | -21.2% | -8.4% | 29.4% | N/A |
2019 | -3.2% | -10.2% | 18.0% | N/A |
NAV & Total Return History
QRPNX - Holdings
Concentration Analysis
QRPNX | Category Low | Category High | QRPNX % Rank | |
---|---|---|---|---|
Net Assets | 214 M | 1.5 M | 5.01 B | 60.15% |
Number of Holdings | 3472 | 4 | 4478 | 10.95% |
Net Assets in Top 10 | 145 M | -398 M | 2.55 B | 35.69% |
Weighting of Top 10 | 65.81% | 13.1% | 100.0% | 11.26% |
Top 10 Holdings
- Limited Purpose Cash Investment Fund 50.46%
- U.S. Treasury Bills 5.33%
- U.S. Treasury Bills 2.72%
- U.S. Treasury Bills 1.88%
- Goldman Sachs Financial Square Funds - Treasury Instruments Fund, Institutional Shares 1.29%
- Veeva Systems, Inc., Class A 0.93%
- Manulife Financial Corp. 0.87%
- Cie de Saint-Gobain SA 0.82%
- Zoom Video Communications, Inc., Class A 0.80%
- Deutsche Bank AG (Registered) 0.71%
Asset Allocation
Weighting | Return Low | Return High | QRPNX % Rank | |
---|---|---|---|---|
Cash | 79.99% | -6278.21% | 410.43% | 91.52% |
Stocks | 19.56% | -3.75% | 97.95% | 69.61% |
Other | 1.38% | -21.53% | 148.54% | 8.83% |
Convertible Bonds | 0.00% | 0.00% | 87.92% | 72.08% |
Bonds | 0.00% | -326.45% | 6347.80% | 26.15% |
Preferred Stocks | -0.94% | -0.12% | 46.97% | 34.28% |
Stock Sector Breakdown
Weighting | Return Low | Return High | QRPNX % Rank | |
---|---|---|---|---|
Financial Services | 18.11% | 0.00% | 59.28% | 57.48% |
Industrials | 17.49% | 0.00% | 21.45% | 8.66% |
Consumer Cyclical | 15.47% | 0.00% | 29.09% | 8.66% |
Technology | 11.04% | 0.00% | 39.58% | 88.98% |
Healthcare | 8.98% | 0.00% | 45.63% | 51.97% |
Basic Materials | 8.46% | 0.00% | 27.46% | 18.11% |
Energy | 6.69% | 0.00% | 100.00% | 35.83% |
Communication Services | 5.69% | 0.00% | 21.78% | 73.23% |
Consumer Defense | 5.30% | 0.00% | 13.62% | 25.59% |
Utilities | 2.73% | 0.00% | 9.23% | 12.99% |
Real Estate | 0.04% | 0.00% | 51.26% | 94.09% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | QRPNX % Rank | |
---|---|---|---|---|
US | 10.97% | -8.85% | 91.88% | 64.31% |
Non US | 8.60% | -19.62% | 42.11% | 40.64% |
QRPNX - Expenses
Operational Fees
QRPNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 5.17% | 0.29% | 31.15% | 12.23% |
Management Fee | 1.20% | 0.00% | 2.50% | 65.72% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 36.49% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
QRPNX 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
QRPNX 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.
QRPNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 179.00% | 0.00% | 491.00% | 64.11% |
QRPNX - Distributions
Dividend Yield Analysis
QRPNX | Category Low | Category High | QRPNX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.65% | 0.00% | 4.56% | 32.86% |
Dividend Distribution Analysis
QRPNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
QRPNX | Category Low | Category High | QRPNX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.78% | -2.51% | 6.83% | 83.09% |
Capital Gain Distribution Analysis
QRPNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 18, 2023 | $0.417 | OrdinaryDividend |
Dec 23, 2021 | $0.289 | OrdinaryDividend |
Dec 22, 2020 | $0.136 | OrdinaryDividend |
Dec 23, 2019 | $0.051 | OrdinaryDividend |
Dec 19, 2018 | $0.007 | OrdinaryDividend |
QRPNX - Fund Manager Analysis
Managers
Yao Ooi
Start Date
Tenure
Tenure Rank
Sep 19, 2017
4.7
4.7%
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.
Nathan Sosner
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Nathan Sosner, Ph.D. is a Principal of the Adviser. Dr. Sosner joined the Adviser in June 2015 is Head of the Specialized Investments Group, which focuses on situations where laws and regulations have meaningful effects on trading decisions, portfolio design and the choice of investment vehicles. He earned a B.A. and M.A. in economics from Tel Aviv University and a Ph.D. in economics from Harvard University.
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.
Ashwin Thapar
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
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.
Scott Metchick
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |