AQR Small Cap Multi-Style Fund Class N (QSMNX)

Fund Assets	363.21M
Expense Ratio	1.20%
Min. Investment	$1,000,000
Turnover	66.00%
Dividend (ttm)	1.84
Dividend Yield	8.07%
Dividend Growth	-20.60%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	22.68
YTD Return	25.25%
1-Year Return	32.36%
5-Year Return	72.47%
52-Week Low	18.05
52-Week High	23.20
Beta (5Y)	1.09
Holdings	517
Inception Date	Mar 26, 2013

About QSMNX

AQR Small Cap Multi-Style Fund Class N is a U.S. mutual fund focused on achieving long-term capital appreciation by investing primarily in small-cap equities. The fund distinguishes itself through a disciplined, multi-factor investment process, integrating three well-established investment styles: value, momentum, and quality. By systematically combining these factors, the fund seeks to capture diverse drivers of return and aims to deliver a more consistent performance profile over time. Its portfolio construction involves identifying U.S. small-cap companies that simultaneously exhibit attractive valuations, strong recent price momentum, and robust profitability. The fund is broadly diversified across sectors, with significant allocations to financials, healthcare, industrials, and information technology companies. Managed by an experienced team at AQR Capital Management, the fund leverages decades of academic research supporting the use of multi-factor strategies in small-cap investing. Benchmarking its performance against the Russell 2000 Index, this fund plays a significant role for investors seeking diversified exposure to the potential growth and unique characteristics of the U.S. small-cap equity market through a methodical, research-driven framework.

• Fund Family: AQR Funds
• Category: Small Blend
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: QSMNX
• Share Class: Class N
• Index: Russell 2000 TR

Performance

QSMNX had a total return of 32.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.99%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VRTIX	Vanguard	Vanguard Russell 2000 Index Fund Institutional Shares	0.07%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
QSERX	Class R6	0.80%
QSMLX	Class I	0.94%

Top 10 Holdings

15.03% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	7.17%
Teekay Tankers Ltd.	TNK	1.07%
Credo Technology Group Holding Ltd	CRDO	0.94%
SSR Mining Inc.	SSRM	0.94%
Bloom Energy Corporation	BE	0.94%
Argan, Inc.	AGX	0.93%
Perdoceo Education Corporation	PRDO	0.80%
Alkermes plc	ALKS	0.75%
Catalyst Pharmaceuticals, Inc.	CPRX	0.75%
Fabrinet	FN	0.73%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$1.83664	Dec 18, 2025
Dec 17, 2024	$2.31325	Dec 18, 2024
Dec 18, 2023	$1.12805	Dec 19, 2023
Dec 19, 2022	$0.07255	Dec 20, 2022
Dec 23, 2021	$1.0747	Dec 27, 2021
Dec 22, 2020	$0.24231	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:

Aug 27, 2026

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