AQR Equity Market Neutral Fund Class I QMNIX

Morningstar Medalist Rating
  • NAV / 1-Day Return$11.45  /  +0.35%
  • Fund Size$3.3B
  • Adjusted Expense Ratio1.340%
  • Net Expense Ratio5.980%
  • Fee Level: DistributionAbove Average
  • Share Class TypeInstitutional
  • Morningstar CategoryEquity Market Neutral
  • Alternative Style Box (Funds)Negative/High
  • Minimum Initial Investment$5M
  • Investment StatusLimited
  • TTM Yield1.48%
  • Turnover Ratio338%

Morningstar’s Analysis QMNIX

Will QMNIX outperform in the future?

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

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.

Rated on Published on

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Portfolio Holdings QMNIX

  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings27.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US DOLLAR

37.901B
Cash and Equivalents

Limited Purpose Cash Investment

24.06709M
—

United States Treasury Bills 0%

6.39188M
Government

United States Treasury Bills 0%

5.05149M
Government

United States Treasury Bills 0%

5.05149M
Government

United States Treasury Bills 0%

4.33128M
Government

United States Treasury Bills 0%

3.86114M
Government

United States Treasury Bills 0%

2.6779M
Government

United States Treasury Bills 0%

2.3369M
Government

Sanofi SA

1.3640M
Healthcare

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