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Morningstar

AQR Managed Futures Strategy N AQMNX

Morningstar Medalist Rating
Medalist Rating as of | See AQR Investment Hub
  • NAV / 1-Day Return 8.93  /  1.11 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.510%
  • Expense Ratio 1.530%
  • Distribution Fee Level 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 11.66%
  • Turnover —

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:17 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.

Process Pillar

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

People Pillar

The People Pillar is our evaluation of the AQMNX 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 AQMNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Becoming distinct from the crowd

Director Simon Scott

Simon Scott

Director

Summary

Although AQR Managed Futures Strategy is much leaner these days, the pace of evolution has been amongst the highest in its Morningstar Category. Some enhancements are unique, and some are playing catch-up, leaving it unclear whether the strategy has a material edge in a very competitive cohort. It continues to earn a Morningstar Analyst Rating of Neutral for all share classes.

by Simon Scott
Rated on Published on

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Portfolio Holdings AQMNX

More AQMNX Holdings
  • Current Portfolio Date
  • Equity Holdings 1832
  • Bond Holdings 138
  • Other Holdings 1889
  • % Assets in Top 10 Holdings 40.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Limited Purpose Cash Investment

20.78
386,923,383
—

Ubs Relationship Fds

18.77
349,345,778
—

United States Treasury Bills 0%

6.42
119,577,334
Government

United States Treasury Bills 0%

6.32
117,633,496
Government

United States Treasury Bills 0%

6.31
117,458,393
Government

United States Treasury Bills 0%

5.53
102,927,989
Government

United States Treasury Bills 0%

5.15
95,811,439
Government

United States Treasury Bills 0%

3.49
64,948,276
Government

United States Treasury Bills 0%

3.45
64,201,152
Government

United States Treasury Bills 0%

3.01
56,104,211
Government