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15 important things you should know about AQR Funds QSMNX 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 QSMNX “stock” price, you can quickly find it out by visiting Finny and typing "QSMNX quote". If you’re looking for a quick scoop on QSMNX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "QSMNX". You’ll get all this info in one place.

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

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

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

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

The Fund seeks long-term capital appreciation. The Fund invests at least 80% of its net assets, including borrowings for investment purposes, in equity or equity-related securities of small cap companies. The Adviser seeks to invest in attractively valued companies with positive momentum and a stable business.

2. What are QSMNX top holdings?

QSMNX has 413 stock holdings and 0 bond holdings.

The top 10 holdings represent 19.82% of total assets. Here are the top holdings:

Name Symbol % Assets
E-mini Russell 2000 Index Future June 20 RTYM0 5.11%
Ubs Money Ser N/A 5.06%
Vectrus Inc VEC 1.30%
John B Sanfilippo & Son Inc JBSS 1.25%
Employers Holdings Inc EIG 1.23%
Universal Forest Products Inc UFPI 1.23%
Sanmina Corp SANM 1.18%
Amedisys Inc AMED 1.16%
Medpace Holdings Inc MEDP 1.16%
Atkore International Group Inc ATKR 1.14%

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

QSMNX has generated the following returns:

  • 1-month return is 1.22%;
  • 3-month return is 8.36%;
  • 1-year return is 4.06%;
  • 3-year return is 1.05%;
  • 5-year return is 5.14%.

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

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

5. What is QSMNX dividend yield?

QSMNX yield is 0.56%.

6. What is QSMNX minimum initial investment amount?

QSMNX minimum initial investment amount is $1.00M.

7. What is QSMNX expense ratio?

QSMNX expense ratio is 0.9%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 0.24%;
  • 3-year ax cost ratio is 2.11%.

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

  • 3-year beta is 1.24;
  • 5-year beta is 1.23.

11. What is QSMNX Sharpe ratio?

  • 3-year Sharpe ratio is -0.05;
  • 5-year Sharpe ratio is 0.13.

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 QSMNX? What are QSMNX buy reasons?

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

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

The following are QSMNX weaknesses from our perspective:

  • QSMNX net assets are $6.10 million. This fund is not a popular choice with retail investors.
  • QSMNX 3-year return is 1.05%, which is lower than the 3-year return of the benchmark index (Russell 2000 TR USD), 4.23%.
  • QSMNX 5-year return is 5.14%, which is lower than the 5-year return of the benchmark index (Russell 2000 TR USD), 7.72%.
  • QSMNX expense ratio is 0.9%, 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 QSMNX review, we covered QSMNX 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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