Equity

Multi-Asset

Bond

Real Estate

Alternatives

Commodity

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.

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 and real estate investment trusts) of large-cap companies traded on a principal U.S. exchange or over-the-counter market that the Adviser determines to have positive momentum. Under normal market circumstances, it will invest at least 80% of its net assets (including any borrowings for investment purposes) in large-cap U.S. companies.

AMOMX

The fund pursues a "defensive" investment style, seeking to provide downside protection with upside potential through active stock selection, risk management and diversification. It pursues its objective by investing, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) in Equity Instruments of International Issuers.

ANDIX

The fund seeks to outperform, after expenses, the MSCI World Index while seeking to control its tracking error relative to this benchmark. Generally, it will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity and equity-related instruments (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps, swaps on equity index futures, depositary receipts and real estate investment trusts or securities with similar characteristics). The fund will invest in companies with a broad range of market capitalizations.

AQGIX

The fund seeks to outperform, after expenses, the MSCI EAFE Index while seeking to control its tracking error relative to this benchmark. It will invest at least 80% of its net assets in equity and equity-related instruments (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps, swaps on equity index futures, depositary receipts and real estate investment trusts or securities with similar characteristics). The fund will invest in companies with a broad range of market capitalizations, including smaller capitalization companies.

AQIIX

The fund allocates its assets among four major asset classes (commodities, currencies, fixed income and equities). It gains exposure to asset classes by investing in more than 100 futures contracts, futures-related instruments, forwards and swaps, including, but not limited to, commodity futures, forwards and swaps; currencies and currency futures and forwards; equity index futures and equity swaps; bond futures and swaps; and interest rate futures and swaps.

AQMIX

The adviser allocates the fund's assets among major asset classes. It will generally have some level of investment in the majority of asset classes and Instruments but there is no stated limit on the percentage of assets the fund can invest in a particular Instrument or the percentage of assets the adviser will allocate to any one asset class, and at times the adviser may focus on a small number of Instruments or asset classes. It is non-diversified.

AQRIX

The fund pursues its investment objective by allocating assets among various commodity sectors (including agricultural, energy, livestock, softs (e.g., non-grain agricultural products such as coffee, sugar, cocoa, etc.) and precious and base metals). It also invests in fixed income securities and money market instruments. The fund will obtain exposure to commodity sectors by investing in commodity-linked derivatives, directly or through its investment in the Subsidiary. It is non-diversified.

ARCIX

The investment seeks long-term capital appreciation. 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 and real estate investment trusts) of small-cap companies traded on a principal U.S. exchange or over-the-counter market that the Adviser determines to have positive momentum. Under normal market circumstances, it will invest at least 80% of its net assets (including any borrowings for investment purposes) in small-cap U.S. companies. The fund invests significantly in common stocks.

ASMOX

The fund pursues a "defensive" investment style, seeking to provide downside protection with upside potential through active stock selection, risk management and diversification. It pursues its objective by investing, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) in Equity Instruments of large-cap issuers. The fund can invest in companies of any size and may invest in small- and mid-cap companies from time to time in the discretion of the Adviser.

AUEIX

The fund pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in equity or equity-related securities (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps and real estate investment trusts) of large-cap companies. It generally invests in large-cap U.S. companies, which the Adviser generally considers to be those companies with market capitalizations within the range of the Russell 1000 Index at the time of purchase.

QCELX

The fund pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) 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.

QICLX

Under normal market conditions, the fund pursues its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in equity instruments and equity related and/or derivative instruments. Equity related and/or derivative instruments are investments that provide exposure to the performance of equity instruments, including equity swaps (both single-name and index swaps), equity index futures and exchange-traded-funds and similar pooled investment vehicles (collectively, "Equity Derivative Instruments" and together with Equity Instruments, "Instruments").

QLEIX

The adviser allocates the fund's assets among four major asset classes (commodities, currencies, fixed income and equities). It gains exposure to asset classes by investing in more than 100 futures contracts, futures-related instruments, forwards and swaps, including, but not limited to, commodity futures, forwards and swaps; currencies, currency futures and forwards; equities, equity index futures, equity swaps and volatility futures; bond futures and swaps; interest rate futures and swaps and credit default index swaps.

QMHIX

The investment seeks positive absolute returns. The advisor pursues the investment objective by aiming to provide exposure to five separate investment styles: value, momentum, carry, defensive and trend using both long and short positions within the following asset groups: stocks, equity indices, bonds, currencies and commodities. The fund will achieve its exposure to any of the Asset Groups by using derivatives or holding those assets directly. It will also use derivatives for hedging purposes.

QRPIX

The investment seeks long-term capital appreciation. The fund pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in equity or equity-related securities (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps and real estate investment trusts) of small-cap companies. It generally invests in small-cap U.S. companies, which the Adviser generally considers to be those companies with market capitalizations within the range of the Russell 2000 Index at the time of purchase.

QSMLX

The investment seeks positive absolute returns. The fund pursues its investment objective by aiming to provide exposure to four separate investment styles ("Styles"): value, momentum, carry and defensive, using both "long" and "short" positions within the following asset groups ("Asset Groups"): equities, bonds, interest rates, commodities and currencies. It will achieve its exposure to any of the Asset Groups by using derivatives or holding those assets directly.

QSPIX

The investment seeks long-term capital appreciation. The fund pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in equity or equity-related instruments (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 emerging market companies.

Symbol	Full name	Category	Inception	Expense Ratio	YTD Ret.	10Y Ann. Ret.	Div. Yield	Max. Drawdown	Sharpe Ratio
AIMOX	AQR International Momentum Style Fund	Foreign Large Cap Equities	Jul 8, 2009	0.57%	5.8%	3.4%	2.6%	-32.2%	0.1
AMOMX	AQR Large Cap Momentum Style Fund	Large Cap Growth Equities	Jul 9, 2009	0.41%	1.1%	10.8%	10.8%	-34.3%	0.1
ANDIX	AQR International Defensive Style Fund	Foreign Large Cap Equities	Jul 9, 2012	0.55%	7.2%	4.3%	1.9%	-29.0%	0.2
AQGIX	AQR Global Equity Fund	Global Equities	Dec 30, 2009	0.80%	5.2%	6.4%	4.2%	-35.5%	0.0
AQIIX	AQR International Equity Fund	Foreign Large Cap Equities	Sep 29, 2009	0.86%	N/A	N/A	N/A	N/A	N/A
AQMIX	AQR Managed Futures Strategy Fund	Systematic Trend	Jan 5, 2010	1.25%	1.4%	2.7%	12.6%	-26.5%	0.4
AQRIX	AQR Multi-Asset Fund	Tactical Allocation	Sep 29, 2010	0.80%	1.8%	4.2%	6.7%	-17.7%	-0.4
ARCIX	AQR Risk-Balanced Commodities Strategy Fund	Commodities	Jul 8, 2012	1.00%	-5.2%	3.4%	10.0%	-54.3%	-0.4
ASMOX	AQR Small Cap Momentum Style Fund	Small Cap Growth Equities	Jul 9, 2009	0.61%	0.4%	7.6%	0.6%	-42.2%	0.0
AUEIX	AQR Large Cap Defensive Style Fund	Large Cap Blend Equities	Jul 9, 2012	0.37%	0.2%	11.3%	10.2%	-33.6%	0.1
QCELX	AQR Large Cap Multi-Style Fund	Large Cap Blend Equities	Mar 26, 2013	0.41%	7.0%	9.8%	10.3%	-35.1%	0.1
QICLX	AQR International Multi-Style Fund	Foreign Large Cap Equities	Mar 25, 2013	0.56%	6.5%	3.6%	3.0%	-37.2%	0.2
QLEIX	AQR Long-Short Equity Fund	Long-Short	Jul 15, 2013	1.30%	5.1%	8.1%	13.5%	-39.2%	0.1
QMHIX	AQR Managed Futures Strategy HV Fund	Systematic Trend	Jul 15, 2013	1.65%	0.7%	3.4%	9.3%	-39.4%	0.4
QRPIX	AQR Alternative Risk Premia Fund	Multistrategy	Sep 18, 2017	1.40%	0.2%	0.3%	0.0%	-32.0%	0.3
QSMLX	AQR Small Cap Multi-Style Fund	Small Cap Blend Equities	Mar 26, 2013	0.72%	2.1%	7.5%	0.9%	-44.6%	0.0
QSPIX	AQR Style Premia Alternative Fund	Multistrategy	Oct 29, 2013	1.49%	0.4%	4.0%	22.6%	-41.4%	-0.1
QTELX	AQR Emerging Multi-Style II Fund	Emerging Markets Diversified	Feb 10, 2015	0.70%	1.2%	1.0%	4.5%	-41.5%	-0.4

AQR Funds Mutual Funds List

Risk vs. Return Scatterplot