The pace of innovation has increased at AQR despite the firm’s dwindling resources, yet it’s unclear whether the incremental changes to AQR Managed Futures High Volatility are enough to give the strategy an edge over other trend-following peers. It earns a Morningstar Analyst Rating of Neutral for its cheaper share classes, while the most-expensive is rated Negative.
AQR Managed Futures Strategy HV R6 QMHRX
NAV / 1-Day Return
9.21
/
1.43
%
Total Assets
151.8 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.560%
Expense Ratio
1.570%
Fee Level
High
Longest Manager Tenure
8.95
years
Category
Systematic Trend
Alt Style Correlation / Relative Volatility
Negative / HighMin. Initial Investment
50,000,000
Status
Open
TTM Yield
7.89%
Turnover
0
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will QMHRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QMHRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the QMHRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of QMHRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Tinkering or tailoring.
