About QSPNX
AQR Style Premia Alternative Fund Class N is an alternative mutual fund designed to deliver positive absolute returns by systematically harvesting style premia across major global asset classes. Employing a market-neutral, multi-strategy approach, the fund invests both long and short in equities, fixed income, commodities, and currencies. Core to its methodology are four academic and practitioner-validated investment styles: value, momentum, carry, and defensive. These styles are expressed across asset groups—including stocks, industry sectors, equity indices, bonds, interest rates, commodities, and currencies—aiming for a diversified risk-balanced portfolio.
The fund is structured to have a low correlation with traditional equity and bond markets, making it a potential diversifier within a broader portfolio. Managed by a team of experienced professionals at AQR Capital Management, the fund leverages quantitative models to identify return opportunities while seeking to minimize exposure to conventional market risks. Its high portfolio turnover reflects the dynamic repositioning required to capture style-based returns. Due to its complex strategy and active management, the fund carries a higher-than-average expense ratio within its category. Overall, it serves investors looking for a core alternative allocation that can complement traditional investments by seeking resilient performance across various market environments.
Fund Family AQR Funds
Category Multistrategy
Performance Rating High
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol QSPNX
Share Class Class N
Index ICE BofA US 3-Month T Bill TR IX
QSPNX had a total return of 23.84% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.75%.
