AQR Sustainable Long-Short Equity Carbon Aware Fund (QNZIX)
The Mutual Fund aims to achieve its investment objective through a long-short investment approach focused on U.S. and foreign securities based on proprietary quantitative investment indicators and ESG criteria.
Fund Info
| Issuer | AQR Funds |
|---|---|
| Inception Date | Dec 15, 2021 |
| Category | Long-Short |
| Min. Investment | $5,000,000 |
| Asset Class | Equity |
Expense Ratio
QNZIX has a high expense ratio of 1.31%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AQR Sustainable Long-Short Equity Carbon Aware 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 Sustainable Long-Short Equity Carbon Aware Fund had a return of 27.55% year-to-date (YTD) and 34.20% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 27.55% | 17.95% |
| 1 month | 5.23% | 3.13% |
| 6 months | 13.47% | 9.95% |
| 1 year | 34.20% | 24.88% |
| 5 years (annualized) | N/A | 13.37% |
| 10 years (annualized) | N/A | 10.92% |
Monthly Returns
The table below presents the monthly returns of QNZIX, 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 | 6.34% | 1.57% | 7.74% | 0.83% | 4.43% | 0.43% | 1.07% | 0.85% | 27.55% | ||||
| 2023 | 5.09% | 1.50% | -2.80% | 1.19% | -2.76% | 5.77% | 3.74% | 1.80% | 2.93% | 0.07% | 5.24% | -0.40% | 23.04% |
| 2022 | 10.22% | -0.45% | 0.99% | 2.87% | 5.57% | -8.41% | -0.54% | -4.43% | -5.21% | 9.19% | 6.40% | 0.08% | 15.47% |
| 2021 | 0.80% | 0.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QNZIX is 47, 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 Sustainable Long-Short Equity Carbon Aware Fund (QNZIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AQR Sustainable Long-Short Equity Carbon Aware Fund granted a 18.28% dividend yield in the last twelve months. The annual payout for that period amounted to $2.65 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $2.65 | $2.65 | $0.24 |
Dividend yield | 18.28% | 23.32% | 2.14% |
Monthly Dividends
The table displays the monthly dividend distributions for AQR Sustainable Long-Short Equity Carbon Aware 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 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.65 | $2.65 |
| 2022 | $0.24 | $0.24 |
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 Sustainable Long-Short Equity Carbon Aware 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 Sustainable Long-Short Equity Carbon Aware Fund was 19.36%, occurring on Dec 20, 2023. Recovery took 131 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.36% | Dec 15, 2023 | 4 | Dec 20, 2023 | 131 | Jul 1, 2024 | 135 |
| -18.35% | Jun 8, 2022 | 80 | Sep 30, 2022 | 91 | Feb 10, 2023 | 171 |
| -7.94% | Mar 7, 2023 | 9 | Mar 17, 2023 | 73 | Jul 3, 2023 | 82 |
| -6.63% | Jul 17, 2024 | 15 | Aug 6, 2024 | 11 | Aug 21, 2024 | 26 |
| -6.14% | Feb 9, 2022 | 14 | Mar 1, 2022 | 36 | Apr 21, 2022 | 50 |
Volatility
Volatility Chart
The current AQR Sustainable Long-Short Equity Carbon Aware Fund volatility is 3.11%, 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.