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15 important things you should know about AQR Funds ASMNX mutual fund

Updated: September 09, 2020
50
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for ASMNX “stock” price, you can quickly find it out by visiting Finny and typing "ASMNX quote". If you’re looking for a quick scoop on ASMNX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ASMNX". You’ll get all this info in one place.

Are you looking to buy or sell ASMNX? Or perhaps you’re looking for ASMNX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ASMNX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ASMNX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ASMNX buy or sell; the pros and cons of investing in ASMNX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ASMNX.

And here is the list of questions we’ll answer:

  1. Describe AQR Funds: AQR Small Cap Momentum Style Fund; Class N Shares (ASMNX).
  2. What are ASMNX holdings?
  3. What is ASMNX performance? What are ASMNX historical returns?
  4. How many up and down years did ASMNX have historically?
  5. What is ASMNX dividend yield?
  6. What is ASMNX minimum initial investment amount?
  7. What is ASMNX expense ratio?
  8. Does ASMNX have any sales loads or 12b-1 distribution expenses?
  9. What is ASMNX tax efficiency (tax-cost ratio)?
  10. What is ASMNX beta? How would you assess ASMNX risk?
  11. What is ASMNX Sharpe ratio?
  12. What is ASMNX Finny Score? ASMNX buy or sell?
  13. What are the pros of investing in ASMNX? What are ASMNX buy reasons?
  14. What are the cons of investing in ASMNX? What are ASMNX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AQR Funds: AQR Small Cap Momentum Style Fund; Class N Shares (ASMNX).

The Fund seeks long-term capital appreciation. The Fund will invest primarily in equity or equity-related securities of small cap companies traded on a principal U.S. exchange or over-the-counter market that the Adviser determines to have positive momentum.

2. What are ASMNX top holdings?

ASMNX has 711 stock holdings and 0 bond holdings.

The top 10 holdings represent 16.46% of total assets. Here are the top holdings:

Name Symbol % Assets
E-mini Russell 2000 Index Future June 20 RTYM0 5.08%
Ubs Money Ser N/A 4.68%
Teladoc Health Inc TDOC 1.92%
Generac Holdings Inc GNRC 0.78%
ACADIA Pharmaceuticals Inc ACAD 0.75%
NovoCure Ltd NVCR 0.70%
FTI Consulting Inc FCN 0.69%
Repligen Corp RGEN 0.65%
Everbridge Inc EVBG 0.61%
Cogent Communications Holdings Inc CCOI 0.60%

3. What is ASMNX performance? What are ASMNX historical returns?

ASMNX has generated the following returns:

  • 1-month return is -2.71%;
  • 3-month return is 7.15%;
  • 1-year return is 6.13%;
  • 3-year return is 6.06%;
  • 5-year return is 7.49%;
  • 10-year return is 11.24%.

4. How many up and down years did ASMNX have historically?

In the last 10 years, ASMNX had 7 up years and 3 down years.

5. What is ASMNX dividend yield?

ASMNX yield is 0.36%.

6. What is ASMNX minimum initial investment amount?

ASMNX minimum initial investment amount is $1.00M.

7. What is ASMNX expense ratio?

ASMNX expense ratio is 0.85%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does ASMNX have any sales loads or 12b-1 distribution expenses?

ASMNX 12b-1 distribution fee is 0.25. ASMNX front-end sales load is 0. ASMNX back-end sales load is 0.

9. What is ASMNX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.01%;
  • 3-year ax cost ratio is 2.87%.

10. What is ASMNX beta? How would you assess ASMNX risk?

  • 3-year beta is 1.23;
  • 5-year beta is 1.22;
  • 10-year beta is 1.27.

11. What is ASMNX Sharpe ratio?

  • 3-year Sharpe ratio is 0.25;
  • 5-year Sharpe ratio is 0.27;
  • 10-year Sharpe ratio is 0.63.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 50. Our quantitative analysis shows 3 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 50.

13. What are the pros of investing in ASMNX? What are ASMNX buy reasons?

The following are ASMNX strengths from our perspective:

  • ASMNX 3-year return is 6.06%, which is higher than the 3-year return of the benchmark index (Russell 2000 TR USD), 4.23%.
  • ASMNX 5-year return is 7.49%, which is in line with the 5-year return of the benchmark index (Russell 2000 TR USD), 7.72%.
  • ASMNX 10-year return is 11.24%, which is higher than the 10-year return of the benchmark index (Russell 2000 TR USD), 10.6%.

14. What are the cons of investing in ASMNX? What are ASMNX negatives?

The following are ASMNX weaknesses from our perspective:

  • ASMNX net assets are $4.80 million. This fund is not a popular choice with retail investors.
  • ASMNX expense ratio is 0.85%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the ASMNX review, we covered ASMNX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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