AQR Equity Market Neutral Fund Class N (QMNNX)
| Fund Assets | 2.14B |
| Expense Ratio | 5.73% |
| Min. Investment | $1,000,000 |
| Turnover | 412.00% |
| Dividend (ttm) | 0.59 |
| Dividend Yield | 5.40% |
| Dividend Growth | -66.90% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 11.00 |
| YTD Return | 12.36% |
| 1-Year Return | 20.32% |
| 5-Year Return | 127.46% |
| 52-Week Low | 9.42 |
| 52-Week High | 11.24 |
| Beta (5Y) | n/a |
| Holdings | 2065 |
| Inception Date | Oct 7, 2014 |
About QMNNX
AQR Equity Market Neutral Fund Class N is an alternative, actively managed mutual fund that aims to deliver positive absolute returns independent of general equity market movements. The fund employs a systematic investment process, taking long positions in equities that its models expect to outperform and short positions in those projected to underperform. By balancing long and short exposures, it strives to maintain a market- or beta-neutral profile, seeking to minimize correlation with broader equity markets and reduce systematic risk. The portfolio integrates signals from a wide range of investment factors across global equities, offering substantial diversification with hundreds of holdings on both long and short sides. It is particularly utilized by investors seeking diversification and non-traditional sources of return within their portfolios, as its performance is designed to be driven by stock selection skill rather than overall market direction. The fund is notable for its relatively high expense ratio, reflecting the complexity and intensity of its active strategies, and offers an annual dividend distribution with a yield that has typically exceeded its peer group average.
Performance
QMNNX had a total return of 20.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.78%.
Top 10 Holdings
82.51% of assets| Name | Symbol | Weight |
|---|---|---|
| Limited Purpose Cash Investment | n/a | 56.76% |
| US DOLLAR | n/a | 6.70% |
| United States Treasury Bills 0% | B.0 07.03.25 | 3.73% |
| United States Treasury Bills 0% | B.0 08.14.25 | 2.77% |
| United States Treasury Bills 0% | B.0 07.24.25 | 2.40% |
| United States Treasury Bills 0% | B.0 09.11.25 | 2.31% |
| United States Treasury Bills 0% | B.0 06.20.25 | 2.29% |
| United States Treasury Bills 0% | B.0 05.01.25 | 2.20% |
| United States Treasury Bills 0% | B.0 08.21.25 | 1.86% |
| United States Treasury Bills 0% | B.0 04.17.25 | 1.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $0.59375 | Dec 18, 2024 |
| Dec 18, 2023 | $1.79389 | Dec 19, 2023 |
| Dec 19, 2022 | $0.4995 | Dec 20, 2022 |
| Dec 23, 2021 | $0.1017 | Dec 27, 2021 |
| Dec 22, 2020 | $1.09896 | Dec 23, 2020 |
| Dec 23, 2019 | $0.3515 | Dec 24, 2019 |