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Morningstar

AQR Alternative Risk Premia R6 QRPRX

Morningstar Medalist Rating
Medalist Rating as of | See AQR Investment Hub
  • NAV / 1-Day Return 9.45  /  0.53 %
  • Total Assets 161.0 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 3.050%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Multistrategy
  • Alt Style Correlation / Relative Volatility Negative / Medium
  • Min. Initial Investment 50,000,000
  • Status Open
  • TTM Yield 0.00
  • Turnover 262%

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:29 PM GMT+0

Morningstar’s Analysis QRPRX

Will QRPRX 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 QRPRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

Factor-based investing for the long-term.

Director Simon Scott

Simon Scott

Director

Summary

While the premise is enticing, AQR Alternative Risk Premia has not delivered the anticipated diversity of risk on its portfolio of investment factors. Excessive dominance by the value factor 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.

by Simon Scott
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings QRPRX

More QRPRX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 1873
  • Bond Holdings 93
  • Other Holdings 2834
  • % Assets in Top 10 Holdings 59.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Limited Purpose Cash Investment

41.51
81,348,490
—

Ois Saron /1.5% Chf0925

24.14
47,311,330
—

IRS EURI/2.5 EUR0625 Receive

22.12
43,341,940
Government

IRS EURI/2.5 EUR0625 Receive

21.75
42,620,850
Government

Ubs Relationship Fds

18.85
36,941,118
—

IRS EURI/3.75 EUR0925 Receive

18.43
36,113,850
Government

IRS EURI/3.75 EUR0925 Receive

18.25
35,767,895
Government

IRSIM BBR /3.5 AUD0925 Receive

15.45
30,280,785
Government

IRSIM BBR /3.5 AUD0925 Receive

15.40
30,188,980
Government

IRSIM STIB/3.5 SEK0925 Receive

13.26
25,994,797
Government