AQR Trend Total Return Class I (QNZIX)

Fund Assets	541.78M
Expense Ratio	3.47%
Min. Investment	$5,000,000
Turnover	461.00%
Dividend (ttm)	0.17
Dividend Yield	0.93%
Dividend Growth	-92.25%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	18.35
YTD Return	14.19%
1-Year Return	17.49%
5-Year Return	n/a
52-Week Low	15.45
52-Week High	20.10
Beta (5Y)	n/a
Holdings	3878
Inception Date	Dec 16, 2021

About QNZIX

AQR Trend Total Return Fund Class I is a multi-asset mutual fund designed to pursue capital appreciation by systematically allocating assets across four primary classes: equities, fixed income, currencies, and commodities. The fund employs a diversified trend-following strategy, using a combination of price-based and fundamental signals to identify and go long on assets with positive momentum while shorting those showing negative trends. This approach aims to capture persistent market movements across both traditional and alternative asset classes, including select equity factors. A distinguishing feature of the fund is its targeted 0.5 beta to the S&P 500 Index, blending U.S. equity market exposure with alternative return streams sourced from trend-following strategies. The fund seeks to provide diversified returns and aims for downside risk mitigation, striving for positive performance during bull markets and potential resilience during broad equity market drawdowns. Managed by AQR Capital Management, the fund appeals to investors seeking systematic exposure to multi-asset trend-following frameworks within a single investment vehicle, reflecting an innovative approach to portfolio diversification and risk-adjusted return generation in global financial markets.

• Fund Family: AQR Funds
• Category: Unclassified
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: QNZIX
• Share Class: Class I
• Index: MSCI World NR USD

Performance

QNZIX had a total return of 17.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 20.49%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
QNZRX	Class R6	3.17%
QNZNX	Class N	3.57%

Top 10 Holdings

69.97% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	35.08%
United States of America - U.S. Treasury Bills	B.0 10.15.26	8.98%
United States of America - U.S. Treasury Bills	B.0 11.05.26	6.66%
United States of America - U.S. Treasury Bills	B.0 11.19.26	5.67%
United States of America - U.S. Treasury Bills	B.0 07.23.26	3.31%
United States of America - U.S. Treasury Bills	B.0 09.17.26	2.53%
United States of America - U.S. Treasury Bills	B.0 10.29.26	2.19%
United States of America - U.S. Treasury Bills	B.0 10.01.26	2.02%
United States of America - U.S. Treasury Bills	B.0 11.12.26	1.93%
United States of America - U.S. Treasury Bills	B.0 09.03.26	1.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.17168	Dec 18, 2025
Dec 17, 2024	$2.21617	Dec 18, 2024
Dec 18, 2023	$2.64935	Dec 19, 2023
Dec 19, 2022	$0.00404	Dec 20, 2022

Data Sources: Tiingo, Alpha Vantage, and more

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

Last checked:

Nov 11, 2026

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