QNZNX Performance — AQR Trend Total Return Fund, Class N
Data updated: 2026-08-27
QNZNX returned +12.35% year to date and +29.96% over one year to Jun 2026. The annualised 3-year return is +28.52%. The fund beat its Market Neutral category average: $100 invested three years ago grew to $212, against $139 for the category, and to $130 over one year, against $113. Volatility over the past three years was 9.30% a year. In the 12 months to Jun 2026 the fund took in a net $303.9M, and assets reached $391.81M.
QNZNX Growth of $100
What $100 invested in AQR Trend Total Return Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Market Neutral category average over the same months.
| Period | QNZNX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $130 | $113 |
| 3 years (Jul 2023 – Jun 2026) | $212 | $139 |
| Since data start (Oct 2021 – Jun 2026) | $266 | $143 |
QNZNX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.35% |
| 1 year | +29.96% |
| 3 years (annualised) | +28.52% |
QNZNX Annual Returns
Calendar-year total returns of AQR Trend Total Return Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +12.35% |
| 2025 | +22.88% |
| 2024 | +34.49% |
| 2023 | +23.27% |
| 2022 | +15.14% |
| 2021 (Oct–Dec) | +0.80% |
QNZNX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.2% | +1.7% | −1.0% | +6.0% | +2.2% | −3.0% | — | — | — | — | — | — |
| 2025 | +1.9% | +2.5% | −1.5% | −1.8% | +2.6% | +2.4% | +1.4% | +1.7% | +7.1% | +2.0% | +0.4% | +2.2% |
| 2024 | +5.8% | +1.7% | +7.7% | +0.8% | +5.2% | −0.4% | +1.1% | +0.9% | +3.7% | −3.3% | +5.2% | +2.3% |
| 2023 | +5.1% | +1.5% | −2.8% | +1.1% | −2.8% | +5.8% | +3.7% | +1.8% | +2.9% | +0.2% | +5.1% | 0.0% |
| 2022 | +10.2% | −0.5% | +0.9% | +2.9% | +5.6% | −8.4% | −0.6% | −4.4% | −5.2% | +9.1% | +6.4% | 0.0% |
| 2021 | — | — | — | — | — | — | — | — | — | 0.0% | 0.0% | +0.8% |
QNZNX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 9.30%
- 3-year Sharpe ratio: 2.58 (vs 4.5% risk-free rate)
- Best month: +7.68% (Mar 2024)
- Worst month: −3.33% (Oct 2024)
QNZNX Fund Flows
Monthly money in and out of AQR Trend Total Return Fund, from SEC Form N-PORT.
- 12-month net flow: $303.9M
- 12-month gross sales (incl. reinvestments): $418.3M
- Sales ÷ redemptions: 3.66×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $50.8M | $31.4M | $19.4M |
| May 2026 | $114.7M | $9.4M | $105.3M |
| Apr 2026 | $58.6M | $6.7M | $51.9M |
| Mar 2026 | $34.8M | $16.9M | $17.9M |
| Feb 2026 | $35.1M | $8.4M | $26.6M |
| Jan 2026 | $51.7M | $13.5M | $38.2M |
| Dec 2025 | $18.6M | $3.3M | $15.3M |
| Nov 2025 | $15.5M | $5.7M | $9.8M |
| Oct 2025 | $10.7M | $5.7M | $5.0M |
| Sep 2025 | $11.0M | $2.0M | $9.0M |
| Aug 2025 | $4.5M | $4.6M | −$90K |
| Jul 2025 | $12.3M | $6.7M | $5.6M |
QNZNX Assets Under Management
Net assets of AQR Trend Total Return Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $391.81M |
| 2026-03-31 | $205.91M |
| 2025-12-31 | $114.44M |
| 2025-09-30 | $81.05M |
| 2025-06-30 | $59.48M |
| 2025-03-31 | $52.89M |
| 2024-12-31 | $53.60M |
| 2024-09-30 | $43.74M |
| 2024-06-30 | $35.27M |
| 2024-03-31 | $31.34M |
| 2023-12-31 | $23.24M |
| 2023-09-30 | $32.82M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.