AQR Long-Short Equity Fund Class N (QLENX)

Fund Assets	8.32B
Expense Ratio	6.06%
Min. Investment	$1,000,000
Turnover	296.00%
Dividend (ttm)	0.34
Dividend Yield	1.57%
Dividend Growth	-69.72%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	21.39
YTD Return	4.28%
1-Year Return	16.67%
5-Year Return	191.38%
52-Week Low	18.61
52-Week High	21.66
Beta (5Y)	0.40
Holdings	2211
Inception Date	Jul 16, 2013

About QLENX

AQR Long-Short Equity Fund is a mutual fund designed to deliver capital appreciation through a distinctive long-short equity strategy. Its primary purpose is to exploit opportunities in global equity markets by systematically taking long positions in stocks deemed likely to outperform and short positions in stocks expected to underperform. This approach seeks to generate positive returns that are less dependent on the direction of the broader equity market, aiming for market-like returns but with potentially lower risk due to its built-in downside risk management. The fund employs a systematic investment process that draws on hundreds of quantitative signals across sectors and regions, leveraging proprietary models and advanced machine-learning techniques. Its portfolio is highly diversified, holding thousands of securities while maintaining moderate net market exposure. Notably, the fund allocates a significant portion of assets to cash and U.S. Treasury bills, further emphasizing risk management and liquidity. AQR Long-Short Equity Fund plays a niche but important role in the alternative investments space, targeting both institutional and sophisticated investors seeking diversification beyond traditional equity-only funds. It is managed by an experienced team and is classified as a nontraditional equity fund, distinguishing itself through its global reach and systematic, research-driven methodology.

• Fund Family: AQR Funds
• Category: Long-Short Equity
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: QLENX
• Share Class: Class N
• Index: ICE BofA US 3-Month Treasury Bill TR USD

Performance

QLENX had a total return of 16.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.71%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
QLERX	Class R6	5.68%
QLEIX	Class I	5.78%

Top 10 Holdings

42.44% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	23.70%
United States of America - U.S. Treasury Bills	B.0 08.13.26	2.38%
United States of America - U.S. Treasury Bills	B.0 08.20.26	2.32%
United States of America - U.S. Treasury Bills	B.0 08.06.26	2.20%
United States of America - U.S. Treasury Bills	WIB.0 08.27.26	2.20%
United States of America - U.S. Treasury Bills	B.0 06.04.26	2.09%
United States of America - U.S. Treasury Bills	B.0 04.30.26	2.05%
United States of America - U.S. Treasury Bills	B.0 07.23.26	1.84%
United States of America - U.S. Treasury Bills	B.0 07.30.26	1.84%
United States of America - U.S. Treasury Bills	B.0 09.17.26	1.83%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.33668	Dec 18, 2025
Dec 17, 2024	$1.11188	Dec 18, 2024
Dec 18, 2023	$2.71867	Dec 19, 2023
Dec 19, 2022	$1.76928	Dec 20, 2022
Dec 22, 2020	$0.14742	Dec 23, 2020
Dec 19, 2018	$0.66011	Dec 20, 2018

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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