About QRPIX
The AQR Alternative Risk Premia Fund Class I is an institutional alternative mutual fund designed to provide investors with diversified exposure to multiple sources of return outside traditional asset classes. Its primary objective is to seek positive absolute returns and moderate volatility by systematically investing both long and short across global equity, fixed income, currency, and commodity markets. The fund implements strategies that target risk premia such as value, momentum, carry, defensive, trend, and volatility, harnessing these factors through a highly diversified portfolio.
A distinguishing feature of this fund is its integrated approach, aiming to blend various alternative return sources—traditionally used by hedge funds—into a single, liquid vehicle. By doing so, it seeks to deliver results with low correlation to standard equity, bond, and credit markets, making it a potentially effective portfolio diversifier. The portfolio is actively managed and tax-aware, considering the impact of trading decisions on after-tax returns. Notably, the fund’s holdings and exposures are distributed across thousands of positions and multiple asset classes, reflecting its commitment to broad diversification and risk management. Its substantial minimum investment and relatively high expense ratio highlight its focus on institutional investors and sophisticated asset allocators.
Fund Family AQR Funds
Category Multistrategy
Performance Rating High
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol QRPIX
Share Class Class I
Index ICE BofA US 3-Month T Bill TR IX
QRPIX had a total return of 35.30% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.13%.
