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Emerging Relaxed Constraint Equity Fund
| NAV | Change | Daily Return |
|---|---|---|
| NAV | Change | Daily Return |
| $11.48 | -$0.06 | -0.52% |
As of: 4/18/2019
-
Using a systematic, multi-factor investment research process, the Fund develops a ranking of every stock in the investable universe. Based on these rankings, the Fund over- and underweights securities, industries, and sectors relative to the MSCI Emerging Index.
“Relaxed Constraint” reflects the Fund’s ability to take long and short positions in the equity securities in which it invests. The Fund invests approximately 130% of the portfolio’s assets long, and 30% short, targeting 100% net exposure to the market.
Selling securities short allows the Fund to reflect to a greater extent, compared to a long-only approach, the Manager’s views on securities it expects to underperform.
Reinvesting the short sale proceeds allows the Fund to take additional long positions, increasing the portfolio’s exposure to securities the Manager expects to outperform.
-
* The Adviser has contractually agreed until at least January 28, 2018 to waive its management fee and/or reimburse expenses of the Fund to the extent necessary to maintain the total annual fund operating expenses at the stated levels, exclusive of certain expenses such as acquired fund expenses and extraordinary expenses. Investment minimums are waived to fee-based advisors and certain other investors. See the Prospectus for additional details.
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs. -
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Monthly
Month YTD 1 Year 3 Year 5 Year Since Inception Inception Date Gross Expense Ratio Net Expense Ratio AQR Funds - AQR Emerging Relaxed Constraint Equity Fund -0.17% 8.33% -17.94% 7.61% 12/14/2016 1.61% 1.19% MSCI Emerging 0.84% 9.93% -7.28% 11.25% - - - -
Quarterly
Quarter YTD 1 Year 3 Year 5 Year Since Inception Inception Date Gross Expense Ratio Net Expense Ratio AQR Funds - AQR Emerging Relaxed Constraint Equity Fund 8.33% 8.33% -17.94% 7.61% 12/14/2016 1.61% 1.19% MSCI Emerging 9.93% 9.93% -7.28% 11.25% - - -
-
Performance data quoted represent past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. All returns shown are total returns that assume reinvestment of dividends and capital gains. Returns for periods under a year are cumulative, all others are average annual returns. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. From time to time the Fund’s advisor may waive fees or reimbursed expenses, without which performance would have been lower. Please call 866-290-2688 for most recent month-end performance.
Performance shown prior to a share class’s inception date reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of the Class N or Class R6 shares, respectively.
-
MSCI Emerging Markets Index – An index that is designed to measure equity market performance in global emerging markets. The Emerging Markets Index is a float-adjusted market capitalization index that consists of indices in 26 emerging economies.
-
The Gross Expense Ratio includes all categories of expenses before any expense reductions or fee waivers.
-
The Net Expense Ratio per the Fund’s latest Prospectus. For the Diversified Arbitrage Fund and the Multi-Strategy Alternative Fund, the Net Expense Ratio includes expenses related to short sales and interest on any borrowings.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
As of: 3/31/2019
Country Exposures
Emerging Relaxed Constraint Equity Fund Benchmark Fund-Index Brazil 8.1% 7.2% 0.9% Chile 1.1% 1.0% 0.0% China 33.5% 32.7% 0.8% Colombia 0.0% 0.5% -0.5% Czech Republic 0.0% 0.2% -0.2% Egypt 0.0% 0.1% -0.1% Greece 0.0% 0.2% -0.2% Hong Kong 0.0% 0.1% -0.1% Hungary 0.5% 0.3% 0.2% India 9.4% 9.2% 0.3% Indonesia 2.8% 2.2% 0.6% Malaysia 2.4% 2.2% 0.2% Mexico 3.2% 2.7% 0.5% Pakistan 0.0% 0.0% 0.0% Peru 0.6% 0.4% 0.2% Philippines 0.8% 1.1% -0.3% Poland 1.4% 1.1% 0.2% Qatar 1.4% 0.9% 0.5% Russia 2.9% 3.8% -0.9% South Africa 5.1% 5.9% -0.8% South Korea 12.7% 13.0% -0.3% Taiwan 11.2% 11.3% -0.2% Thailand 1.9% 2.3% -0.4% Turkey 0.0% 0.5% -0.5% United Arab Emirates 0.9% 0.7% 0.2% United States 0.0% 0.1% -0.1% Total 100.0% 100.0% 0.0% Sector Exposures
Emerging Relaxed Constraint Equity Fund Benchmark Fund-Index Communication Services 9.8% 12.3% -2.5% Consumer Discretionary 8.2% 13.4% -5.2% Consumer Staples 3.1% 6.4% -3.3% Energy 14.7% 8.1% 6.6% Financials 16.2% 24.2% -8.0% Health Care 5.1% 2.6% 2.5% Industrials 9.5% 5.4% 4.1% Information Technology 8.0% 14.6% -6.6% Materials 11.8% 7.4% 4.4% Real Estate 3.8% 3.2% 0.6% Utilities 10.0% 2.5% 7.4% Total 100.0% 100.0% 0.0% Portfolio Statistics
# of stocks 219 Price Momentum 0.05 EPS Growth (5 Year) 16.34 P/B 1.23 P/E (trailing 12 months) 10.00 Median Market Cap ($MM) 8043 Average Market Cap ($MM) 76827 # of long holdings 188 # of short holdings 32 Long Exposure (% of NAV) 126.59 % Short Exposure (% of NAV) 29.41 % Top 5 Long Holdings
Top 5 Short Holdings
-
All Fund Statistics are subject to change. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Investment Minimums
Individual Investors $5 Million Institutional Investors $100,000 Fee-based Accounts Offered By Financial Advisors $100,000 -
Shareholder Fees
Sales Load None Deferred Sales Load None Redemption Fees None
-
Annual Fund Operating Expenses
Management Fee 0.95 % Distribution (12b-1) Fee None Acquired Fund Fees 0.04 % Other Expenses Dividends On Short Sales None All Other Expenses 0.62 % Gross Expenses 1.61 % Less: Fee Waivers 0.42 % Net Expenses 1.19 %
-
Performance data quoted represent past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. All returns shown are total returns that assume reinvestment of dividends and capital gains. Returns for periods under a year are cumulative, all others are average annual returns. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. From time to time the Fund’s advisor may waive fees or reimbursed expenses, without which performance would have been lower. Please call 866-290-2688 for most recent month-end performance.
Performance shown prior to a share class’s inception date reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of the Class N or Class R6 shares, respectively.
-
The Gross Expense Ratio includes all categories of expenses before any expense reductions or fee waivers.
-
The Net Expense Ratio per the Fund’s latest Prospectus. For the Diversified Arbitrage Fund and the Multi-Strategy Alternative Fund, the Net Expense Ratio includes expenses related to short sales and interest on any borrowings.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Michele L. Aghassi
Principal
- 20 years of experience
- 13 years at AQR
- Ph.D., Massachusetts Institute of Technology
- B.S., Brown University
-
Andrea Frazzini
Principal
- 14 years of experience
- 10 years at AQR
- Ph.D., Yale University
- M.S., London School of Economics
- B.S., University of Rome III
-
Jacques A. Friedman
Principal
- 23 years of experience
- 21 years at AQR
- M.S., University of Washington
- B.S., Brown University
-
-
- Fund Updates
- Quarterly Review Book
- Data Downloads
- Complete Holdings
- Daily Price History
- Monthly Return History
| NAV | Change | Daily Return |
|---|---|---|
| NAV | Change | Daily Return |
| $11.49 | -$0.06 | -0.52% |
As of: 4/18/2019
-
Using a systematic, multi-factor investment research process, the Fund develops a ranking of every stock in the investable universe. Based on these rankings, the Fund over- and underweights securities, industries, and sectors relative to the MSCI Emerging Index.
“Relaxed Constraint” reflects the Fund’s ability to take long and short positions in the equity securities in which it invests. The Fund invests approximately 130% of the portfolio’s assets long, and 30% short, targeting 100% net exposure to the market.
Selling securities short allows the Fund to reflect to a greater extent, compared to a long-only approach, the Manager’s views on securities it expects to underperform.
Reinvesting the short sale proceeds allows the Fund to take additional long positions, increasing the portfolio’s exposure to securities the Manager expects to outperform.
-
* The Adviser has contractually agreed until at least January 28, 2018 to waive its management fee and/or reimburse expenses of the Fund to the extent necessary to maintain the total annual fund operating expenses at the stated levels, exclusive of certain expenses such as acquired fund expenses and extraordinary expenses. Investment minimums are waived to fee-based advisors and certain other investors. See the Prospectus for additional details.
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs. -
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Monthly
Month YTD 1 Year 3 Year 5 Year Since Inception Inception Date Gross Expense Ratio Net Expense Ratio AQR Funds - AQR Emerging Relaxed Constraint Equity Fund -0.17% 8.33% -18.16% 7.31% 12/14/2016 1.85% 1.44% MSCI Emerging 0.84% 9.93% -7.28% 11.25% - - - -
Quarterly
Quarter YTD 1 Year 3 Year 5 Year Since Inception Inception Date Gross Expense Ratio Net Expense Ratio AQR Funds - AQR Emerging Relaxed Constraint Equity Fund 8.33% 8.33% -18.16% 7.31% 12/14/2016 1.85% 1.44% MSCI Emerging 9.93% 9.93% -7.28% 11.25% - - -
-
Performance data quoted represent past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. All returns shown are total returns that assume reinvestment of dividends and capital gains. Returns for periods under a year are cumulative, all others are average annual returns. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. From time to time the Fund’s advisor may waive fees or reimbursed expenses, without which performance would have been lower. Please call 866-290-2688 for most recent month-end performance.
Performance shown prior to a share class’s inception date reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of the Class N or Class R6 shares, respectively.
-
MSCI Emerging Markets Index – An index that is designed to measure equity market performance in global emerging markets. The Emerging Markets Index is a float-adjusted market capitalization index that consists of indices in 26 emerging economies.
-
The Gross Expense Ratio includes all categories of expenses before any expense reductions or fee waivers.
-
The Net Expense Ratio per the Fund’s latest Prospectus. For the Diversified Arbitrage Fund and the Multi-Strategy Alternative Fund, the Net Expense Ratio includes expenses related to short sales and interest on any borrowings.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
As of: 3/31/2019
Country Exposures
Emerging Relaxed Constraint Equity Fund Benchmark Fund-Index Brazil 8.1% 7.2% 0.9% Chile 1.1% 1.0% 0.0% China 33.5% 32.7% 0.8% Colombia 0.0% 0.5% -0.5% Czech Republic 0.0% 0.2% -0.2% Egypt 0.0% 0.1% -0.1% Greece 0.0% 0.2% -0.2% Hong Kong 0.0% 0.1% -0.1% Hungary 0.5% 0.3% 0.2% India 9.4% 9.2% 0.3% Indonesia 2.8% 2.2% 0.6% Malaysia 2.4% 2.2% 0.2% Mexico 3.2% 2.7% 0.5% Pakistan 0.0% 0.0% 0.0% Peru 0.6% 0.4% 0.2% Philippines 0.8% 1.1% -0.3% Poland 1.4% 1.1% 0.2% Qatar 1.4% 0.9% 0.5% Russia 2.9% 3.8% -0.9% South Africa 5.1% 5.9% -0.8% South Korea 12.7% 13.0% -0.3% Taiwan 11.2% 11.3% -0.2% Thailand 1.9% 2.3% -0.4% Turkey 0.0% 0.5% -0.5% United Arab Emirates 0.9% 0.7% 0.2% United States 0.0% 0.1% -0.1% Total 100.0% 100.0% 0.0% Sector Exposures
Emerging Relaxed Constraint Equity Fund Benchmark Fund-Index Communication Services 9.8% 12.3% -2.5% Consumer Discretionary 8.2% 13.4% -5.2% Consumer Staples 3.1% 6.4% -3.3% Energy 14.7% 8.1% 6.6% Financials 16.2% 24.2% -8.0% Health Care 5.1% 2.6% 2.5% Industrials 9.5% 5.4% 4.1% Information Technology 8.0% 14.6% -6.6% Materials 11.8% 7.4% 4.4% Real Estate 3.8% 3.2% 0.6% Utilities 10.0% 2.5% 7.4% Total 100.0% 100.0% 0.0% Portfolio Statistics
# of stocks 219 Price Momentum 0.05 EPS Growth (5 Year) 16.34 P/B 1.23 P/E (trailing 12 months) 10.00 Median Market Cap ($MM) 8043 Average Market Cap ($MM) 76827 # of long holdings 188 # of short holdings 32 Long Exposure (% of NAV) 126.59 % Short Exposure (% of NAV) 29.41 % Top 5 Long Holdings
Top 5 Short Holdings
-
All Fund Statistics are subject to change. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Investment Minimums
Individual Investors $1,000,000 Institutional Investors None Fee-based Accounts Offered By Financial Advisors None -
Shareholder Fees
Sales Load None Deferred Sales Load None Redemption Fees None
-
Annual Fund Operating Expenses
Management Fee 0.95 % Distribution (12b-1) Fee 0.25 % Acquired Fund Fees 0.04 % Other Expenses Dividends On Short Sales None All Other Expenses 0.61 % Gross Expenses 1.85 % Less: Fee Waivers 0.41 % Net Expenses 1.44 %
-
Performance data quoted represent past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. All returns shown are total returns that assume reinvestment of dividends and capital gains. Returns for periods under a year are cumulative, all others are average annual returns. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. From time to time the Fund’s advisor may waive fees or reimbursed expenses, without which performance would have been lower. Please call 866-290-2688 for most recent month-end performance.
Performance shown prior to a share class’s inception date reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of the Class N or Class R6 shares, respectively.
-
The Gross Expense Ratio includes all categories of expenses before any expense reductions or fee waivers.
-
The Net Expense Ratio per the Fund’s latest Prospectus. For the Diversified Arbitrage Fund and the Multi-Strategy Alternative Fund, the Net Expense Ratio includes expenses related to short sales and interest on any borrowings.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Michele L. Aghassi
Principal
- 20 years of experience
- 13 years at AQR
- Ph.D., Massachusetts Institute of Technology
- B.S., Brown University
-
Andrea Frazzini
Principal
- 14 years of experience
- 10 years at AQR
- Ph.D., Yale University
- M.S., London School of Economics
- B.S., University of Rome III
-
Jacques A. Friedman
Principal
- 23 years of experience
- 21 years at AQR
- M.S., University of Washington
- B.S., Brown University
-
-
- Fund Updates
- Quarterly Review Book
- Data Downloads
- Complete Holdings
- Daily Price History
- Monthly Return History
| NAV | Change | Daily Return |
|---|---|---|
| NAV | Change | Daily Return |
| $11.47 | -$0.07 | -0.61% |
As of: 4/18/2019
-
Using a systematic, multi-factor investment research process, the Fund develops a ranking of every stock in the investable universe. Based on these rankings, the Fund over- and underweights securities, industries, and sectors relative to the MSCI Emerging Index.
“Relaxed Constraint” reflects the Fund’s ability to take long and short positions in the equity securities in which it invests. The Fund invests approximately 130% of the portfolio’s assets long, and 30% short, targeting 100% net exposure to the market.
Selling securities short allows the Fund to reflect to a greater extent, compared to a long-only approach, the Manager’s views on securities it expects to underperform.
Reinvesting the short sale proceeds allows the Fund to take additional long positions, increasing the portfolio’s exposure to securities the Manager expects to outperform.
-
* The Adviser has contractually agreed until at least January 28, 2018 to waive its management fee and/or reimburse expenses of the Fund to the extent necessary to maintain the total annual fund operating expenses at the stated levels, exclusive of certain expenses such as acquired fund expenses and extraordinary expenses. Investment minimums are waived to fee-based advisors and certain other investors. See the Prospectus for additional details.
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs. -
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Monthly
Month YTD 1 Year 3 Year 5 Year Since Inception Inception Date Gross Expense Ratio Net Expense Ratio AQR Funds - AQR Emerging Relaxed Constraint Equity Fund -0.17% 8.34% -17.92% 7.68% 12/14/2016 1.53% 1.09% MSCI Emerging 0.84% 9.93% -7.28% 11.25% - - - -
Quarterly
Quarter YTD 1 Year 3 Year 5 Year Since Inception Inception Date Gross Expense Ratio Net Expense Ratio AQR Funds - AQR Emerging Relaxed Constraint Equity Fund 8.34% 8.34% -17.92% 7.68% 12/14/2016 1.53% 1.09% MSCI Emerging 9.93% 9.93% -7.28% 11.25% - - -
-
Performance data quoted represent past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. All returns shown are total returns that assume reinvestment of dividends and capital gains. Returns for periods under a year are cumulative, all others are average annual returns. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. From time to time the Fund’s advisor may waive fees or reimbursed expenses, without which performance would have been lower. Please call 866-290-2688 for most recent month-end performance.
Performance shown prior to a share class’s inception date reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of the Class N or Class R6 shares, respectively.
-
MSCI Emerging Markets Index – An index that is designed to measure equity market performance in global emerging markets. The Emerging Markets Index is a float-adjusted market capitalization index that consists of indices in 26 emerging economies.
-
The Gross Expense Ratio includes all categories of expenses before any expense reductions or fee waivers.
-
The Net Expense Ratio per the Fund’s latest Prospectus. For the Diversified Arbitrage Fund and the Multi-Strategy Alternative Fund, the Net Expense Ratio includes expenses related to short sales and interest on any borrowings.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
As of: 3/31/2019
Country Exposures
Emerging Relaxed Constraint Equity Fund Benchmark Fund-Index Brazil 8.1% 7.2% 0.9% Chile 1.1% 1.0% 0.0% China 33.5% 32.7% 0.8% Colombia 0.0% 0.5% -0.5% Czech Republic 0.0% 0.2% -0.2% Egypt 0.0% 0.1% -0.1% Greece 0.0% 0.2% -0.2% Hong Kong 0.0% 0.1% -0.1% Hungary 0.5% 0.3% 0.2% India 9.4% 9.2% 0.3% Indonesia 2.8% 2.2% 0.6% Malaysia 2.4% 2.2% 0.2% Mexico 3.2% 2.7% 0.5% Pakistan 0.0% 0.0% 0.0% Peru 0.6% 0.4% 0.2% Philippines 0.8% 1.1% -0.3% Poland 1.4% 1.1% 0.2% Qatar 1.4% 0.9% 0.5% Russia 2.9% 3.8% -0.9% South Africa 5.1% 5.9% -0.8% South Korea 12.7% 13.0% -0.3% Taiwan 11.2% 11.3% -0.2% Thailand 1.9% 2.3% -0.4% Turkey 0.0% 0.5% -0.5% United Arab Emirates 0.9% 0.7% 0.2% United States 0.0% 0.1% -0.1% Total 100.0% 100.0% 0.0% Sector Exposures
Emerging Relaxed Constraint Equity Fund Benchmark Fund-Index Communication Services 9.8% 12.3% -2.5% Consumer Discretionary 8.2% 13.4% -5.2% Consumer Staples 3.1% 6.4% -3.3% Energy 14.7% 8.1% 6.6% Financials 16.2% 24.2% -8.0% Health Care 5.1% 2.6% 2.5% Industrials 9.5% 5.4% 4.1% Information Technology 8.0% 14.6% -6.6% Materials 11.8% 7.4% 4.4% Real Estate 3.8% 3.2% 0.6% Utilities 10.0% 2.5% 7.4% Total 100.0% 100.0% 0.0% Portfolio Statistics
# of stocks 219 Price Momentum 0.05 EPS Growth (5 Year) 16.34 P/B 1.23 P/E (trailing 12 months) 10.00 Median Market Cap ($MM) 8043 Average Market Cap ($MM) 76827 # of long holdings 188 # of short holdings 32 Long Exposure (% of NAV) 126.59 % Short Exposure (% of NAV) 29.41 % Top 5 Long Holdings
Top 5 Short Holdings
-
All Fund Statistics are subject to change. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Investment Minimums
Individual Investors Not Available Institutional Investors $100,000 Fee-based Accounts Offered By Financial Advisors Not Available -
Shareholder Fees
Sales Load None Deferred Sales Load None Redemption Fees None
-
Annual Fund Operating Expenses
Management Fee 0.95 % Distribution (12b-1) Fee None Acquired Fund Fees 0.04 % Other Expenses Dividends On Short Sales None All Other Expenses 0.54 % Gross Expenses 1.53 % Less: Fee Waivers 0.44 % Net Expenses 1.09 %
-
Performance data quoted represent past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. All returns shown are total returns that assume reinvestment of dividends and capital gains. Returns for periods under a year are cumulative, all others are average annual returns. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. From time to time the Fund’s advisor may waive fees or reimbursed expenses, without which performance would have been lower. Please call 866-290-2688 for most recent month-end performance.
Performance shown prior to a share class’s inception date reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of the Class N or Class R6 shares, respectively.
-
The Gross Expense Ratio includes all categories of expenses before any expense reductions or fee waivers.
-
The Net Expense Ratio per the Fund’s latest Prospectus. For the Diversified Arbitrage Fund and the Multi-Strategy Alternative Fund, the Net Expense Ratio includes expenses related to short sales and interest on any borrowings.
-
The use of derivatives exposes the Fund to additional risks including increased volatility, lack of liquidity, and possible losses greater than the Fund's initial investment as well as increased transaction costs.
-
Foreign investing involves special risks such as currency fluctuations and political uncertainty.
-
Emerging markets are riskier than more developed markets because they tend to develop unevenly and may never fully develop. Investments in emerging markets may be considered speculative.
-
The Fund is new with a limited operating history.
-
-
-
Michele L. Aghassi
Principal
- 20 years of experience
- 13 years at AQR
- Ph.D., Massachusetts Institute of Technology
- B.S., Brown University
-
Andrea Frazzini
Principal
- 14 years of experience
- 10 years at AQR
- Ph.D., Yale University
- M.S., London School of Economics
- B.S., University of Rome III
-
Jacques A. Friedman
Principal
- 23 years of experience
- 21 years at AQR
- M.S., University of Washington
- B.S., Brown University
-
-
An investment in any of the AQR Funds involves risk, including loss of principal. The value of the Funds’ portfolio holdings may fluctuate in response to events specific to the companies in which the Fund invests, as well as economic, political or social events in the United States or abroad. Please refer to the prospectus for complete information regarding all risks associated with the Funds. An investor considering the Funds should be able to tolerate potentially wide price fluctuations. The Funds are subject to high portfolio turnover risk as a result of frequent trading, and thus, will incur a higher level of brokerage fees and commissions, and cause a higher level of tax liability to shareholders in the Funds. The Funds may attempt to increase its income or total return through the use of securities lending, and they may be subject to the possibility of additional loss as a result of this investment technique.
Information about how each Fund voted proxies relating to portfolio securities held during the most recent 12-month period ended June 30 will be available no later than August 31. Please click here to view the most recent Form N-PX for the AQR Funds. -
Performance data quoted represent past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. All returns shown are total returns that assume reinvestment of dividends and capital gains. Returns for periods under a year are cumulative, all others are average annual returns. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. From time to time the Fund’s advisor may waive fees or reimbursed expenses, without which performance would have been lower. Please call 866-290-2688 for most recent month-end performance.
Performance shown prior to a share class’s inception date reflects the historical performance of the Fund’s Class I shares, calculated using the fees and expenses of the Class N or Class R6 shares, respectively.
© AQR Funds are distributed by ALPS Distributors, Inc. AQR Capital Management, LLC is the Investment Manager of the Funds and a federally registered investment adviser. ALPS Distributors is not affiliated with AQR Capital Management.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information, please call 1-866-290-2688 or click here to view or download a prospectus online. Read the prospectus carefully before you invest.
The information provided herein (including any separate documents that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information about our products and services and to otherwise provide general investment education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of AQR Capital Management, LLC (“AQR Capital”) nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to AQR about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances.
There are risks involved with investing including the possible loss of principal.
Past performance does not guarantee future results.
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