Investors expecting diversified exposure to a mixed bag of investment factors of have been left disappointed by AQR Alternative Risk Premia. Excessive exposure to value has driven much of this strategy’s performance, highlighting a shortfall in its implementation. It continues to earn a Morningstar Analyst Rating of Neutral for all share classes.
AQR Alternative Risk Premia I QRPIX
NAV / 1-Day Return
8.53
/
0.71
%
Total Assets
135.8 Mil
Adj. Expense Ratio
1.410%
Expense Ratio
2.800%
Fee Level
Average
Longest Manager Tenure
4.91
years
Category
Multistrategy
Alt Style Correlation / Relative Volatility
Negative / MediumMin. Initial Investment
5,000,000
Status
Open
TTM Yield
3.56%
Turnover
179%
Morningstar’s Fund Analysis QRPIX
Will QRPIX 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 QRPIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the QRPIX 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 QRPIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Factor-based investing.
