AQR Equity Market Neutral Fund Class N (QMNNX)

Fund Assets	3.22B
Expense Ratio	6.164%
Min. Investment	$1,000,000
Turnover	338.00%
Dividend (ttm)	0.15
Dividend Yield	1.29%
Dividend Growth	-74.20%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	11.90
YTD Return	-2.87%
1-Year Return	2.64%
5-Year Return	140.02%
52-Week Low	11.03
52-Week High	12.33
Beta (5Y)	-0.09
Holdings	2194
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.

• Fund Family: AQR Funds
• Category: Equity Mkt Neutral
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: QMNNX
• Share Class: Class N
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

QMNNX had a total return of 2.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.85%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
QMNRX	Class R6	5.91%
QMNIX	Class I	6.03%

Top 10 Holdings

57.85% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	24.66%
United States of America - U.S. Treasury Bills	B.0 10.01.26	6.55%
United States of America - U.S. Treasury Bills	B.0 09.17.26	5.18%
United States of America - U.S. Treasury Bills	B.0 09.24.26	5.17%
United States of America - U.S. Treasury Bills	B.0 12.24.26	4.44%
United States of America - U.S. Treasury Bills	B.0 09.10.26	3.95%
United States of America - U.S. Treasury Bills	B.0 12.17.26	2.73%
United States of America - U.S. Treasury Bills	B.0 12.31.26	2.39%
Sanofi	SAN	1.40%
Siemens Energy AG	ENR	1.37%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.15317	Dec 18, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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