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AQR Managed Futures Strategy N AQMNX

Medalist Rating as of | See AQR Investment Hub
  • NAV / 1-Day Return 8.88  /  −0.11 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.520%
  • Expense Ratio 1.540%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Systematic Trend
  • Alt Style Correlation / Relative Volatility Negative/High
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 7.30%
  • Turnover

USD | NAV as of Jun 14, 2024 | 1-Day Return as of Jun 14, 2024, 10:29 PM GMT+0

Morningstar’s Analysis AQMNX

Will AQMNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Co-Head of Macro Strategies and Long-Term Portfolio Manager Departs AQR; Ratings Unchanged

null Karen Zaya

Karen Zaya

Analyst Note

Long-standing AQR principal, co-head of macro strategies, and portfolio manager on a number of strategies, Yao Hua Ooi is departing the firm for a new opportunity. As of June 3, 2024, James Asselin, Fred Liu, and James Lofton have joined AQR Managed Futures Strategy's management roster. John Huss now co-heads the macro strategies group with continuing co-lead Jordan Brooks. Huss will also head the firm’s integrated research efforts across AQR’s equity, macro, multi-asset, and managed-futures offerings. Ooi had been with the firm since 2004 and made considerable contributions to research during his tenure, particularly in the development of the managed-futures strategy. The firm’s team-based approach, however, coupled with the trajectory to enhance cross-collaboration and research integration, dissipates concerns about the loss. And although Ooi’s expertise was an asset here, the continuing contributors and the configuration of resources still support the Above Average People rating and Morningstar Medalist Rating of Neutral across all shares.

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Portfolio Holdings AQMNX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 35.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ubs Relationship Fds

18.92 350.4 Mil

Limited Purpose Cash Investment

15.81 292.7 Mil

United States Treasury Bills 0%

8.45 156.5 Mil
Government

United States Treasury Bills 0%

7.53 139.3 Mil
Government

United States Treasury Bills 0%

7.45 138.0 Mil
Government

United States Treasury Bills 0%

6.97 129.0 Mil
Government

United States Treasury Bills 0%

6.48 119.9 Mil
Government

United States Treasury Bills 0%

3.34 61.8 Mil
Government

United States Treasury Bills 0%

3.17 58.6 Mil
Government

CURRENCY CONTRACT - USD Purchased

2.85 52.8 Mil
Derivative