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

Updated: September 11, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe AQR Funds: AQR TM International Multi-Style Fund; Class N Shares (QIMNX).

The Fund seeks long-term after-tax capital appreciation. The Fund invests primarily in equity or equity-related securities of non-U.S. companies. The Fund invests in large-cap companies, which the Adviser generally considers to be those companies that are in the top 85% of the float-adjusted market capitalization.

2. What are QIMNX top holdings?

QIMNX has 262 stock holdings and 0 bond holdings.

The top 10 holdings represent 23.64% of total assets. Here are the top holdings:

Name Symbol % Assets
MSCI EAFE Index Future June 20 MFSM0 5.51%
Ubs Money Ser N/A 4.18%
Roche Holding AG Dividend Right Cert. ROG 2.73%
Novartis AG NOVN 2.42%
Nestle SA NESN 1.85%
Novo Nordisk A/S B NOVO B.DE 1.65%
Bayer AG BAYN 1.45%
Nippon Telegraph & Telephone Corp 9432 1.30%
Koninklijke Ahold Delhaize NV AD.AX 1.28%
CSL Ltd CSL 1.27%

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

QIMNX has generated the following returns:

  • 1-month return is 1.57%;
  • 3-month return is 4.02%;
  • 1-year return is 2.64%;
  • 3-year return is 0.28%;
  • 5-year return is 3.89%.

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

In the last 10 years, QIMNX had 8 up years and 2 down years.

5. What is QIMNX dividend yield?

QIMNX yield is 2.43%.

6. What is QIMNX minimum initial investment amount?

QIMNX minimum initial investment amount is $1.00M.

7. What is QIMNX expense ratio?

QIMNX 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 QIMNX have any sales loads or 12b-1 distribution expenses?

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

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

  • 1-year ax cost ratio is 0.97%;
  • 3-year ax cost ratio is 0.9%.

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

  • 3-year beta is 0.98;
  • 5-year beta is 0.96.

11. What is QIMNX Sharpe ratio?

  • 3-year Sharpe ratio is -0.05;
  • 5-year Sharpe ratio is 0.04.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 5 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy QIMNX.

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

The following are QIMNX weaknesses from our perspective:

  • QIMNX net assets are $1.20 million. This fund is not a popular choice with retail investors.
  • QIMNX 3-year return is 0.28%, which is lower than the 3-year return of the benchmark index (MSCI World ex USA NR USD), 1.73%.
  • QIMNX 5-year return is 3.89%, which is lower than the 5-year return of the benchmark index (MSCI World ex USA NR USD), 5.31%.
  • QIMNX 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 QIMNX review, we covered QIMNX 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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