Morningstar

AQR Long-Short Equity Fund Class N QLENX

Medalist Rating as of Apr 27, 2026 See AQR Investment Hub

Strategy

The investment seeks capital appreciation. Under normal market conditions, the fund 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. Equity related and/or derivative instruments are investments that provide exposure to the performance of equity instruments, including equity swaps (both single-name and index swaps), equity index futures and exchange-traded funds and similar pooled investment vehicles (collectively, "Equity Derivative Instruments" and together with Equity Instruments, "Instruments").

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
QLENX	AQR Long-Short Equity Fund Class N	No Load	Limited			Jul 16, 2013	$414.65M	1.570%	Above Average	$2,500	−$74.60M
QLEIX	AQR Long-Short Equity Fund Class I	Institutional	Limited			Jul 16, 2013	$7.19B	1.290%	Average	$5M	$852.35M
QLERX	AQR Long-Short Equity Fund Class R6	Retirement, Large	Limited			Sep 2, 2014	$1.16B	1.190%	High	$50M	$1.13B

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