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Address And Details

PO Box 2248 , Denver, CO 80201-2248
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The AQR Large Cap Multi-Style Fund (the Fund ) seeks long-term capital appreciation. There can be no assurance that the Fund will be successful in achieving its investment objective. 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. The Fund combines multiple investment styles, primarily including value, momentum and quality, using an integrated approach. In managing the Fund, the Adviser seeks to invest in attractively valued companies with positive momentum and stable businesses. Companies are considered to be good value investments if they appear cheap based on multiple fundamental measures, including price-to-book and price-to-earnings ratios relative to other securities in its relevant universe at the time of purchase. In assessing positive momentum, the Adviser favors securities with strong medium-term performance relative to other securities in its relevant universe at the time of purchase. Further, the Adviser favors stable companies in good business health, including those with strong profitability and stable earnings. The Adviser may add to or modify the economic factors employed in selecting securities. There is no guarantee that the Fund s objective will be met. The Fund 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. As of December 31, 2020, the market capitalization of the companies comprising the Russell 1000 Index ranged from $831.2 million to $2,269 billion. The Fund may also invest in mid-cap securities. The Adviser determines the weight of each security in the portfolio using a combination of its assessment of the liquidity of the security, the attractiveness of the security based on each factor described above and additional criteria that form part of the Adviser s security selection process. The Adviser utilizes portfolio optimization techniques to determine trading activity, taking into account anticipated transaction costs associated with trading each equity instrument. The Fund invests significantly in common stocks. The Fund may also invest in or use financial futures contracts and other types of equity-linked derivative instruments such as equity swaps and equity index swaps, as well as exchange-traded funds and similar pooled investment vehicles, for hedging purposes, to gain exposure to the equity market and to maintain liquidity to pay for redemptions. A portion of the Fund s assets may be held in cash or cash-equivalent investments, including, but not limited to, short-term investment funds. To attempt to increase its income or total return, the Fund may lend its portfolio securities to certain types of eligible borrowers. The Fund is not a complete investment program and should be considered only as one part of an investment portfolio. The Fund is more appropriate for long-term investors who can bear the risk of short-term NAV fluctuations, which at times, may be significant and rapid, however, all investments long- or short-term are subject to risk of loss.

Net Asset Value

as of 6:08 PM ET 12/07/2021

Performance

  • 1 Week
  • +2.50%
  • 1 Month
  • -0.35%
  • 3 Months
  • +3.30%
  • 1 Yr Return
  • +15.96%
  • 5 Yr Return
  • +52.37%

Equity Sector Breakdown

Technology 31.04%
Finance 17.35%
RetailTrade 15.25%
IndustrialCyclical 7.62%
Health 6.18%
NonDurables 5.94%
ConsumerDurables 5.77%
Utilities 3.30%
Services 3.26%
Energy 0.73%

Asset Allocation

Asset Type % Of Allocation
Stocks 97.67%
ForeignStocks 1.01%
Preferred 0.04%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.21 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -4.07 -3.05 n/a
Beta 1.03 1.03 n/a
R Squared 0.98 0.97 n/a
Std Deviation 19.24 16.06 n/a
Sharpe Ratio 0.94 1.00 n/a

Purchase Information

as of 6:36 PM ET 12/06/2021
Minimum Initial $50000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +27.41%
  • +30.26%
+27.41% +30.26%
3 Year
  • +16.53%
  • +11.55%
+16.53% +11.55%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +11.18%
  • +10.63%
+11.18% +10.63%

Top 10 Holdings

Symbol Company Name % Of Assets
MSFT MICROSOFT CORP 5.95%
AAPL APPLE INC 5.83%
AMZN AMAZON COM INC 3.26%
FB META PLATFORMS INC 2.89%
GOOGL ALPHABET INC CLASS A 2.62%
GOOG ALPHABET INC CLASS C 1.84%
TSLA TESLA INC 1.34%
INTC INTEL CORP 1.33%
BRK.B BERKSHIRE HATHAWAY INC CL B 1.31%
JNJ JOHNSON & JOHNSON 1.30%

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