AQR Trend Total Return Class N (QNZNX)

Fund Assets	416.84M
Expense Ratio	3.57%
Min. Investment	$5,000,000
Turnover	461.00%
Dividend (ttm)	0.14
Dividend Yield	0.74%
Dividend Growth	-93.65%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	18.54
YTD Return	16.41%
1-Year Return	30.18%
5-Year Return	n/a
52-Week Low	14.42
52-Week High	19.01
Beta (5Y)	n/a
Holdings	3565
Inception Date	n/a

About QNZNX

AQR Trend Total Return Fund Class N is an alternative mutual fund designed to seek capital appreciation through a systematic, trend-following investment approach. The fund strategically allocates its assets across four major asset classes: equities, fixed income, currencies, and commodities. Employing proprietary quantitative models, it analyzes a broad suite of trend signals—both price-based and fundamental—to determine long and short positions. This diversified trend-following strategy aims to capture market movements across traditional and alternative sectors, offering exposure to a wide array of asset types and equity factors. Additionally, the fund targets a 0.5 beta to the S&P 500 Index, blending equity market participation with alternative return drivers. This structure is intended to provide both total return potential and downside risk mitigation, potentially benefiting investors during periods of equity market stress. Managed by AQR Capital Management, the fund is notable for its high portfolio turnover and disciplined quantitative process. Since its inception in December 2021, it has positioned itself as a differentiated solution for investors seeking diversified trend exposure within a single portfolio.

• Fund Family: AQR Funds
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: QNZNX
• Share Class: Class N

Performance

QNZNX had a total return of 30.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 21.82%.

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%
QNZIX	Class I	3.32%

Top 10 Holdings

81.15% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	54.24%
United States of America - U.S. Treasury Bills	B.0 07.23.26	6.24%
United States of America - U.S. Treasury Bills	B.0 09.17.26	4.77%
United States of America - U.S. Treasury Bills	B.0 10.01.26	3.81%
United States of America - U.S. Treasury Bills	B.0 09.03.26	3.00%
United States of America - U.S. Treasury Bills	B.0 07.16.26	2.90%
United States of America - U.S. Treasury Bills	WIB.0 08.27.26	2.26%
United States of America - U.S. Treasury Bills	B.0 07.30.26	1.46%
United States of America - U.S. Treasury Bills	B.0 05.21.26	1.34%
United States of America - U.S. Treasury Bills	B.0 07.02.26	1.12%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.13756	Dec 18, 2025
Dec 17, 2024	$2.16579	Dec 18, 2024
Dec 18, 2023	$2.62242	Dec 19, 2023
Dec 19, 2022	$0.00404	Dec 20, 2022

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:

Aug 27, 2026

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