AQR Managed Futures Strategy HV Fund Class I (QMHIX)

Fund Assets	1.75B
Expense Ratio	4.41%
Min. Investment	$5,000,000
Turnover	455.00%
Dividend (ttm)	0.06
Dividend Yield	0.55%
Dividend Growth	-67.55%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	11.16
YTD Return	13.30%
1-Year Return	25.73%
5-Year Return	128.83%
52-Week Low	8.98
52-Week High	11.73
Beta (5Y)	-0.15
Holdings	3643
Inception Date	Jul 16, 2013

About QMHIX

AQR Managed Futures Strategy HV Fund Class I is an alternative mutual fund designed to deliver absolute returns by systematically trading across a broad spectrum of global asset classes. Its primary objective is to achieve positive returns regardless of market direction by taking both long and short positions in liquid futures and related instruments spanning equities, fixed income, currencies, and commodities. The fund employs proprietary quantitative models that analyze both price and economic trends, enabling it to dynamically adjust exposures based on observed market momentum. This quantitative, rules-based approach aims to eliminate emotional biases from investment decisions and exploit persistent trends driven by behavioral patterns in markets. The fund targets a higher level of volatility than standard managed futures strategies, making it a potential diversifier within a broader investment portfolio. With risk allocation roughly balanced among equities, fixed income, currencies, and commodities, the fund seeks to capture opportunities across diverse economic environments. Its ability to perform in both rising and falling markets positions it as a tool for managing downside risk and adding uncorrelated return sources to traditional stock and bond allocations. Managed by AQR, a global investment firm known for research-driven strategies, this fund plays a specialized role in delivering alternative exposures and systemic diversification for institutional and individual investors alike.

• Fund Family: AQR Funds
• Category: Systematic Trend
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: QMHIX
• Share Class: Class I
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

QMHIX had a total return of 25.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.32%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
QMHRX	Class R6	4.27%
QMHNX	Class N	4.67%

Top 10 Holdings

55.31% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	20.44%
United States of America - U.S. Treasury Bills	B.0 09.24.26	9.13%
United States of America - U.S. Treasury Bills	B.0 09.10.26	6.41%
United States of America - U.S. Treasury Bills	B.0 10.01.26	4.34%
United States of America - U.S. Treasury Bills	B.0 09.17.26	3.64%
United States of America - U.S. Treasury Bills	B.0 04.30.26	2.66%
United States of America - U.S. Treasury Bills	B.0 05.14.26	2.56%
United States of America - U.S. Treasury Bills	B.0 04.23.26	2.13%
United States of America - U.S. Treasury Bills	WIB.0 08.27.26	2.10%
United States of America - U.S. Treasury Bills	B.0 06.25.26	1.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.06276	Dec 18, 2025
Dec 17, 2024	$0.19341	Dec 18, 2024
Dec 18, 2023	$0.59344	Dec 19, 2023
Dec 19, 2022	$0.78024	Dec 20, 2022
Dec 23, 2021	$0.6677	Dec 27, 2021
Dec 22, 2020	$0.6578	Dec 23, 2020

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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