Morningstar

AQR Equity Market Neutral Fund Class N QMNNX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $11.90  /  +0.08 %
  • Fund Size $3.6B
  • Adjusted Expense Ratio 1.620%
  • Net Expense Ratio 6.240%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Equity Market Neutral
  • Alternative Style Box (Funds) Negative/Medium
  • Minimum Initial Investment $2,500
  • Investment Status Limited
  • TTM Yield 1.29%
  • Turnover Ratio 338%
NAV and 1-Day Return as of

Morningstar’s Analysis QMNNX

Will QMNNX outperform in the future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QMNNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the QMNNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of QMNNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A refined approach to portfolio construction earns a Process upgrade.

Senior Analyst Jodi Lim

Jodi Lim

Senior Analyst

Summary

The strategy benefits from a well-resourced team despite some recent turnover. Meaningful improvements in the strategy’s systematic model implementation merit a Process upgrade to Above Average from Average.

by Jodi Lim
Rated on Published on

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Portfolio Holdings QMNNX

More QMNNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US DOLLAR

37.90 1B
Cash and Equivalents

Limited Purpose Cash Investment

24.06 709M
—

United States Treasury Bills 0%

6.39 188M
Government

United States Treasury Bills 0%

5.05 149M
Government

United States Treasury Bills 0%

5.05 149M
Government

United States Treasury Bills 0%

4.33 128M
Government

United States Treasury Bills 0%

3.86 114M
Government

United States Treasury Bills 0%

2.67 79M
Government

United States Treasury Bills 0%

2.33 69M
Government

Sanofi SA

1.36 40M
Healthcare

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