AQR International Momentum Style Fund (AIMOX)
The fund pursues a momentum investment style by investing primarily in equity or equity-related securities (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps, depositary receipts and real estate investment trusts or securities with similar characteristics) of non-U.S. companies that the Adviser determines to have positive momentum. The Adviser considers a security to have positive momentum primarily if it has outperformed other securities on a relative basis over a recent time period. The fund invests significantly in common stocks.
Fund Info
| ISIN | US00203H8833 |
|---|---|
| CUSIP | 00203H883 |
| Issuer | AQR Funds |
| Inception Date | Jul 8, 2009 |
| Category | Foreign Large Cap Equities |
| Min. Investment | $5,000,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
AIMOX features an expense ratio of 0.57%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: AIMOX vs. ^AW01
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AQR International Momentum Style Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AQR International Momentum Style Fund had a return of 13.99% year-to-date (YTD) and 31.14% in the last 12 months. Over the past 10 years, AQR International Momentum Style Fund had an annualized return of 5.52%, while the S&P 500 had an annualized return of 11.26%, indicating that AQR International Momentum Style Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.99% | 19.50% |
| 1 month | 0.61% | 3.09% |
| 6 months | 4.28% | 10.74% |
| 1 year | 31.14% | 33.68% |
| 5 years (annualized) | 8.58% | 14.10% |
| 10 years (annualized) | 5.52% | 11.26% |
Monthly Returns
The table below presents the monthly returns of AIMOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.33% | 5.31% | 4.09% | -4.16% | 4.04% | 0.29% | 1.99% | 2.57% | -0.33% | 13.99% | |||
| 2023 | 6.54% | -2.74% | 1.75% | 2.64% | -4.13% | 5.62% | 2.25% | -3.64% | -3.60% | -2.74% | 9.85% | 4.93% | 16.69% |
| 2022 | -5.89% | -3.51% | 0.89% | -7.70% | 1.74% | -10.62% | 5.88% | -5.11% | -10.38% | 6.45% | 11.64% | -2.08% | -19.43% |
| 2021 | -1.39% | 0.51% | 1.23% | 3.99% | 3.15% | -1.39% | 1.52% | 2.43% | -3.68% | 4.81% | -3.79% | 4.53% | 12.04% |
| 2020 | -0.51% | -6.96% | -11.63% | 7.68% | 6.26% | 3.29% | 3.65% | 3.52% | 0.06% | -3.83% | 11.05% | 5.18% | 16.57% |
| 2019 | 6.99% | 2.73% | 1.96% | 1.30% | -2.57% | 5.28% | -1.85% | -0.67% | 1.35% | 2.54% | 1.11% | 2.81% | 22.63% |
| 2018 | 6.50% | -4.25% | -0.69% | 1.19% | -0.50% | -2.37% | 1.47% | -1.32% | 1.09% | -10.05% | -0.98% | -5.61% | -15.29% |
| 2017 | 4.22% | -0.37% | 3.46% | 1.67% | 2.50% | 0.70% | 3.67% | 0.67% | 2.85% | 2.32% | 0.25% | 0.91% | 25.25% |
| 2016 | -4.55% | -3.30% | 5.88% | 1.50% | 0.74% | -0.88% | 2.59% | -1.73% | 1.84% | -4.04% | -2.86% | 1.67% | -3.62% |
| 2015 | 0.22% | 5.05% | -0.82% | 2.15% | 0.27% | -1.62% | 1.58% | -6.64% | -3.99% | 5.89% | -0.14% | -1.06% | 0.23% |
| 2014 | -5.15% | 4.29% | -1.22% | -0.78% | 2.36% | 1.41% | -2.78% | 0.71% | -3.61% | -1.07% | -0.20% | -3.16% | -9.19% |
| 2013 | 4.74% | 0.07% | 2.55% | 5.90% | -5.37% | -1.21% | 4.09% | -3.10% | 8.83% | 1.83% | 0.71% | 2.02% | 22.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AIMOX is 43, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AQR International Momentum Style Fund (AIMOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AQR International Momentum Style Fund granted a 11.99% dividend yield in the last twelve months. The annual payout for that period amounted to $2.16 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.16 | $2.16 | $0.43 | $0.44 | $0.20 | $0.37 | $0.28 | $0.34 | $0.32 | $0.22 | $0.48 | $0.25 |
Dividend yield | 11.99% | 13.66% | 2.77% | 2.22% | 1.12% | 2.34% | 2.16% | 2.19% | 2.52% | 1.62% | 3.46% | 1.57% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR International Momentum Style Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.16 | $2.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.37 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2013 | $0.25 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the AQR International Momentum Style Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AQR International Momentum Style Fund was 32.23%, occurring on Sep 27, 2022. Recovery took 358 trading sessions.
The current AQR International Momentum Style Fund drawdown is 2.91%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.23% | Nov 15, 2021 | 218 | Sep 27, 2022 | 358 | Mar 1, 2024 | 576 |
| -31.86% | Jan 29, 2018 | 541 | Mar 23, 2020 | 109 | Aug 26, 2020 | 650 |
| -28.84% | May 2, 2011 | 108 | Oct 3, 2011 | 377 | Apr 8, 2013 | 485 |
| -21.25% | Jul 7, 2014 | 405 | Feb 11, 2016 | 366 | Jul 26, 2017 | 771 |
| -20.17% | Apr 16, 2010 | 36 | Jun 7, 2010 | 84 | Oct 5, 2010 | 120 |
Volatility
Volatility Chart
The current AQR International Momentum Style Fund volatility is 5.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.