|
Class |
Ticker
Symbol |
AQR
Alternative Risk Premia Fund |
N |
QRPNX |
|
I |
QRPIX |
|
R6 |
QRPRX |
AQR
Diversified Arbitrage Fund |
N |
ADANX |
|
I |
ADAIX |
|
R6 |
QDARX |
AQR
Equity Market Neutral Fund |
N |
QMNNX |
|
I |
QMNIX |
|
R6 |
QMNRX |
AQR
Long-Short Equity Fund |
N |
QLENX |
|
I |
QLEIX |
|
R6 |
QLERX |
AQR
Macro Opportunities Fund |
N |
QGMNX |
|
I |
QGMIX |
|
R6 |
QGMRX |
AQR
Managed Futures Strategy Fund |
N |
AQMNX |
|
I |
AQMIX |
|
R6 |
AQMRX |
AQR
Managed Futures Strategy HV Fund |
N |
QMHNX |
|
I |
QMHIX |
|
R6 |
QMHRX |
AQR
Multi-Asset Fund |
N |
AQRNX |
|
I |
AQRIX |
|
R6 |
AQRRX |
AQR
Risk-Balanced Commodities Strategy Fund |
N |
ARCNX |
|
I |
ARCIX |
|
R6 |
QRCRX |
AQR
Style Premia Alternative Fund |
N |
QSPNX |
|
I |
QSPIX |
|
R6 |
QSPRX |
AQR
Sustainable Long-Short Equity Carbon Aware Fund |
N |
QNZNX |
|
I |
QNZIX |
|
R6 |
QNZRX |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Dividends
on Short Sales1 and
Interest Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses2
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements3
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements4
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Alternative Risk Premia Fund—Class I
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
Return
After Taxes on Distributions
|
|
- |
- |
|
Return
After Taxes on Distributions and
Sale
of Fund Shares
|
|
|
|
|
AQR
Alternative Risk Premia Fund—Class N
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
AQR
Alternative Risk Premia Fund—Class R6
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
Name |
Portfolio Manager
of
the Fund Since |
Title |
Jordan
Brooks, Ph.D., M.A. |
January
1, 2022 |
Principal
of the Adviser |
Andrea
Frazzini, Ph.D., M.S. |
August 31,
2022 |
Principal
of the Adviser |
John
J. Huss |
August
31, 2022 |
Principal
of the Adviser |
Yao
Hua Ooi |
September 19,
2017 |
Principal
of the Adviser |
Nathan
Sosner, Ph.D. |
May
1, 2019 |
Principal
of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Dividends
and Interest on Short Sales1 and
Other
Interest
Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses2
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements3
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements4
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Ten
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Diversified Arbitrage Fund—
Class
I
|
|
|
|
|
|
Return
Before Taxes
|
- |
|
|
- |
|
Return
After Taxes on
Distributions
|
- |
|
|
- |
|
Return
After Taxes on
Distributions
and Sale of
Fund
Shares
|
- |
|
|
- |
|
ICE
BofA US 3-Month Treasury
Bill
Index
(reflects no
deductions
for fees, expenses
or
taxes) |
|
|
|
- |
|
AQR
Diversified Arbitrage Fund—
Class
N
|
|
|
|
|
|
Return
Before Taxes
|
- |
|
|
- |
|
ICE
BofA US 3-Month Treasury
Bill
Index
(reflects no
deductions
for fees, expenses
or
taxes) |
|
|
|
- |
|
AQR
Diversified Arbitrage Fund—
Class
R6
|
|
|
|
|
|
Return
Before Taxes
|
- |
|
- |
|
|
ICE
BofA US 3-Month Treasury
Bill
Index
(reflects no
deductions
for fees, expenses
or
taxes) |
|
|
- |
|
|
Name |
Portfolio
Manager
of the
Fund Since |
Title |
Jordan
Brooks, Ph.D., M.A. |
January
31, 2023 |
Principal
of the Adviser |
Robert
F. Bryant |
May 1,
2019 |
Principal
of the Sub-Adviser |
Mark
L. Mitchell, Ph.D., M.A. |
January
15, 2009 |
Principal
of the Sub-Adviser |
Todd
C. Pulvino, Ph.D., A.M., M.S. |
January 15,
2009 |
Principal
of the Sub-Adviser |
John
Eckert |
May
1, 2022 |
Managing
Director of the Sub-Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Dividends
on Short Sales1 and
Interest Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses2
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements3
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements4
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Equity Market Neutral Fund—Class I
|
|
|
|
|
Return
Before Taxes
|
|
- |
|
|
Return
After Taxes on Distributions
|
|
- |
|
|
Return
After Taxes on Distributions and
Sale
of Fund Shares
|
|
- |
|
|
AQR
Equity Market Neutral Fund—Class N
|
|
|
|
|
Return
Before Taxes
|
|
- |
|
|
AQR
Equity Market Neutral Fund—Class R6
|
|
|
|
|
Return
Before Taxes
|
|
- |
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
Name |
Portfolio
Manager
of
the Fund Since |
Title |
Clifford
S. Asness, Ph.D., M.B.A |
January
1, 2022 |
Managing
and Founding Principal of the Adviser |
Michele
L. Aghassi, Ph.D. |
March 16,
2016 |
Principal
of the Adviser |
Andrea
Frazzini, Ph.D., M.S. |
October 7, 2014 |
Principal
of the Adviser |
John
J. Huss |
January 1,
2022 |
Principal
of the Adviser |
Laura
Serban, Ph.D. |
May
1, 2023 |
Principal
of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Interest
Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses1
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements2
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements3
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Long-Short Equity Fund—Class I
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
Return
After Taxes on Distributions
|
|
|
|
|
Return
After Taxes on Distributions and
Sale
of Fund Shares
|
|
|
|
|
50%
MSCI World Index and 50% ICE BofA
US
3-Month Treasury Bill Index
(reflects no
deductions
for fees, expenses or taxes) |
- |
|
|
|
MSCI
World Index
(reflects no deductions for
fees,
expenses or taxes) |
- |
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
AQR
Long-Short Equity Fund—Class N
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
50%
MSCI World Index and 50% ICE BofA
US
3-Month Treasury Bill Index
(reflects no
deductions
for fees, expenses or taxes) |
- |
|
|
|
MSCI
World Index
(reflects no deductions for
fees,
expenses or taxes) |
- |
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
AQR
Long-Short Equity Fund—Class R6
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
50%
MSCI World Index and 50% ICE BofA
US
3-Month Treasury Bill Index
(reflects no
deductions
for fees, expenses or taxes) |
- |
|
|
|
MSCI
World Index
(reflects no deductions for
fees,
expenses or taxes) |
- |
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
Name |
Portfolio
Manager
of
the Fund Since |
Title |
Clifford
S. Asness, Ph.D., M.B.A. |
January
1, 2022 |
Managing
and Founding Principal of the Adviser |
Michele
L. Aghassi, Ph.D. |
March 16,
2016 |
Principal
of the Adviser |
Andrea
Frazzini, Ph.D., M.S. |
July
16, 2013 |
Principal
of the Adviser |
John
J. Huss |
January 1,
2022 |
Principal
of the Adviser |
Laura
Serban, Ph.D. |
May
1, 2023 |
Principal
of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Interest
on Short Sales1 and
Other Interest Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses2
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements3
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements4
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Macro Opportunities Fund—Class I
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
Return
After Taxes on Distributions
|
|
|
|
|
Return
After Taxes on Distributions and
Sale
of Fund Shares
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses or
taxes) |
|
|
|
|
AQR
Macro Opportunities Fund—Class N
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses or
taxes) |
|
|
|
|
AQR
Macro Opportunities Fund—Class R6
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses or
taxes) |
|
|
|
|
Name |
Portfolio
Manager
of
the Fund Since |
Title |
John
M. Liew, Ph.D., M.B.A. |
April 8, 2014 |
Founding
Principal of the Adviser |
Jordan
Brooks, Ph.D., M.A. |
April 8,
2014 |
Principal
of the Adviser |
Yao
Hua Ooi |
January
1, 2020 |
Principal
of the Adviser |
Jonathan
Fader |
March 31,
2021 |
Managing
Director of the Adviser |
Erik
Stamelos |
January
1, 2022 |
Managing
Director of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Interest
Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses1
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements2
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements3
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Ten
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Managed Futures Strategy
Fund—Class
I
|
|
|
|
|
|
Return
Before Taxes
|
|
|
|
- |
|
Return
After Taxes on
Distributions
|
|
|
|
- |
|
Return
After Taxes on
Distributions
and Sale of
Fund
Shares
|
|
|
|
- |
|
ICE
BofA US 3-Month Treasury
Bill
Index
(reflects no
deductions
for fees, expenses
or
taxes) |
|
|
|
- |
|
AQR
Managed Futures Strategy
Fund—Class
N
|
|
|
|
|
|
Return
Before Taxes
|
|
|
|
- |
|
ICE
BofA US 3-Month Treasury
Bill
Index
(reflects no
deductions
for fees, expenses
or
taxes) |
|
|
|
- |
|
AQR
Managed Futures Strategy
Fund—Class
R6
|
|
|
|
|
|
Return
Before Taxes
|
|
|
- |
|
|
ICE
BofA US 3-Month Treasury
Bill
Index
(reflects no
deductions
for fees, expenses
or
taxes) |
|
|
- |
|
|
Name |
Portfolio
Manager
of
the Fund Since |
Title |
Clifford S. Asness, Ph.D., M.B.A. |
January 5, 2010 |
Managing
and Founding Principal of the Adviser |
John
M. Liew, Ph.D., M.B.A. |
January 5,
2010 |
Founding
Principal of the Adviser |
Jordan
Brooks, Ph.D., M.A. |
March
1, 2022 |
Principal
of the Adviser |
Yao
Hua Ooi |
January 5,
2010 |
Principal
of the Adviser |
Erik
Stamelos |
January
1, 2022 |
Managing
Director of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Interest
Expense |
|
|
|
All
Other Expenses1,2
|
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses3
|
|
|
|
Total
Annual Fund Operating Expenses2
|
|
|
|
Less:
Expense Reimbursements4
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements5
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Managed Futures Strategy HV Fund—
Class
I
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
Return
After Taxes on Distributions
|
|
|
|
|
Return
After Taxes on Distributions and
Sale
of Fund Shares
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses or
taxes) |
|
|
|
|
AQR
Managed Futures Strategy HV Fund—
Class
N
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses or
taxes) |
|
|
|
|
AQR
Managed Futures Strategy HV Fund—
Class
R6
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses or
taxes) |
|
|
|
|
Name |
Portfolio Manager
of
the Fund Since |
Title |
Clifford S. Asness, Ph.D., M.B.A. |
July 16, 2013 |
Managing
and Founding Principal of the Adviser |
John
M. Liew, Ph.D., M.B.A. |
July 16,
2013 |
Founding
Principal of the Adviser |
Jordan
Brooks, Ph.D., M.A. |
March
1, 2022 |
Principal
of the Adviser |
Yao
Hua Ooi |
July 16,
2013 |
Principal
of the Adviser |
Erik
Stamelos |
January
1, 2022 |
Managing
Director of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Dividends
on Short Sales1 and
Interest Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses2
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements3
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements4
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Ten
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Multi-Asset Fund—Class I
|
|
|
|
|
|
Return
Before Taxes
|
- |
|
|
- |
|
Return
After Taxes on
Distributions
|
- |
|
|
- |
|
Return
After Taxes on
Distributions
and Sale of
Fund
Shares
|
- |
|
|
- |
|
60%
S&P 500®
Index and 40%
Bloomberg
Barclays
U.S.
Aggregate Bond Index
(reflects
no deductions for
fees,
expenses or taxes) |
- |
|
|
- |
|
S&P
500®
Index
(reflects no
deductions
for fees,
expenses
or taxes) |
- |
|
|
- |
|
Bloomberg
Barclays
U.S.
Aggregate Bond Index
(reflects
no deductions for
fees,
expenses or taxes) |
- |
|
|
- |
|
AQR
Multi-Asset Fund—
Class
N
|
|
|
|
|
|
Return
Before Taxes
|
- |
|
|
- |
|
60%
S&P 500®
Index and 40%
Bloomberg
Barclays
U.S.
Aggregate Bond Index
(reflects
no deductions for
fees,
expenses or taxes) |
- |
|
|
- |
|
S&P
500®
Index
(reflects no
deductions
for fees,
expenses
or taxes) |
- |
|
|
- |
|
Bloomberg
Barclays
U.S.
Aggregate Bond Index
(reflects
no deductions for
fees,
expenses or taxes) |
- |
|
|
- |
|
AQR
Multi-Asset Fund—
Class
R6
|
|
|
|
|
|
Return
Before Taxes
|
- |
|
- |
|
|
60%
S&P 500®
Index and 40%
Bloomberg
Barclays
U.S.
Aggregate Bond Index
(reflects
no deductions for
fees,
expenses or taxes) |
- |
|
- |
|
|
S&P
500®
Index
(reflects no
deductions
for fees,
expenses
or taxes) |
- |
|
- |
|
|
Bloomberg
Barclays
U.S.
Aggregate Bond Index
(reflects
no deductions for
fees,
expenses or taxes) |
- |
|
- |
|
|
Name |
Portfolio Manager
of
the Fund Since |
Title |
John
M. Liew, Ph.D., M.B.A. |
September 29, 2010 |
Founding
Principal of the Adviser |
Jordan
Brooks, Ph.D., M.A. |
January 1,
2022 |
Principal
of the Adviser |
Andrea
Frazzini, Ph.D., M.S. |
May
1, 2023 |
Principal
of the Adviser |
John
J. Huss |
May 1,
2015 |
Principal
of the Adviser |
Michael A. Mendelson, M.B.A., S.M. |
September
29, 2010 |
Principal
of the Adviser |
Yao
Hua Ooi |
September 29,
2010 |
Principal
of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Interest
Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses1
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements2
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements3
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Ten
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Risk-Balanced
Commodities
Strategy
Fund—Class
I
|
|
|
|
|
|
Return
Before Taxes
|
|
|
|
- |
|
Return
After Taxes on
Distributions
|
|
|
|
- |
|
Return
After Taxes on
Distributions
and Sale of
Fund
Shares
|
|
|
|
- |
|
Bloomberg
Commodity Total
Return
Index
(reflects no
deductions
for fees,
expenses
or taxes) |
|
|
- |
- |
|
AQR
Risk-Balanced
Commodities
Strategy
Fund—Class
N
|
|
|
|
|
|
Return
Before Taxes
|
|
|
|
- |
|
Bloomberg
Commodity Total
Return
Index
(reflects no
deductions
for fees,
expenses
or taxes) |
|
|
- |
- |
|
AQR
Risk-Balanced
Commodities
Strategy
Fund—Class
R6
|
|
|
|
|
|
Return
Before Taxes
|
|
|
- |
|
|
Bloomberg
Commodity Total
Return
Index
(reflects no
deductions
for fees,
expenses
or taxes) |
|
|
- |
- |
|
Name |
Portfolio Manager
of
the Fund Since |
Title |
Clifford
S. Asness, Ph.D., M.B.A. |
January
1, 2022 |
Managing
and Founding Principal of the Adviser |
John
M. Liew, Ph.D., M.B.A. |
January 31,
2023 |
Founding
Principal of the Adviser |
Jordan
Brooks, Ph.D., M.A. |
January
1, 2022 |
Principal
of the Adviser |
Yao
Hua Ooi |
July 9,
2012 |
Principal
of the Adviser |
Erik
Stamelos |
May
1, 2023 |
Managing
Director of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee1,2
|
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Dividends
on Short Sales3 and
Interest Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses4
|
|
|
|
Total
Annual Fund Operating Expenses2
|
|
|
|
Less:
Expense Reimbursements5
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements6
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Five
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Style Premia Alternative Fund—Class I
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
Return
After Taxes on Distributions
|
|
- |
|
|
Return
After Taxes on Distributions and
Sale
of Fund Shares
|
|
- |
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
AQR
Style Premia Alternative Fund—Class N
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
AQR
Style Premia Alternative Fund—
Class
R6
|
|
|
|
|
Return
Before Taxes
|
|
|
|
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects
no deductions for fees, expenses
or
taxes) |
|
|
|
|
Name |
Portfolio Manager
of the Fund Since |
Title |
Clifford
S. Asness, Ph.D., M.B.A. |
August
31, 2022 |
Managing
and Founding Principal of the Adviser |
Jordan
Brooks, Ph.D., M.A. |
January 1,
2022 |
Principal
of the Adviser |
Andrea
Frazzini, Ph.D., M.S. |
October 30, 2013 |
Principal
of the Adviser |
John
J. Huss |
January 1,
2022 |
Principal
of the Adviser |
Yao
Hua Ooi |
January
1, 2020 |
Principal
of the Adviser |
|
Class
N |
Class
I |
Class
R6 |
Management
Fee |
|
|
|
Distribution
(12b-1) Fee |
|
|
|
Other
Expenses |
|
|
|
Interest
Expense |
|
|
|
All
Other Expenses |
|
|
|
Total
Other Expenses |
|
|
|
Acquired
Fund Fees and Expenses1
|
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
Less:
Expense Reimbursements2
|
|
|
|
Total
Annual Fund Operating Expenses after Expense
Reimbursements3
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
N Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
R6 Shares |
$ |
$ |
$ |
$ |
|
| ||
|
|
|
|
|
One
Year |
Since
Inception |
Share
Class
Inception
Date |
AQR
Sustainable Long-Short Equity Carbon Aware
Fund—Class
I
|
|
|
|
Return
Before Taxes
|
|
|
|
Return
After Taxes on Distributions
|
|
|
|
Return
After Taxes on Distributions and Sale of
Fund
Shares
|
|
|
|
AQR
Sustainable Long-Short Equity Carbon Aware
Fund—Class
N
|
|
|
|
Return
Before Taxes
|
|
|
|
AQR
Sustainable Long-Short Equity Carbon Aware
Fund—Class
R6
|
|
|
|
Return
Before Taxes
|
|
|
|
50%
MSCI World Index and 50% ICE BofA US
3-Month
Treasury Bill Index
(reflects no
deductions
for fees, expenses or taxes) |
- |
- |
|
MSCI
World Index
(reflects no deductions for fees,
expenses
or taxes) |
- |
- |
|
ICE
BofA US 3-Month Treasury Bill Index
(reflects no
deductions
for fees, expenses or taxes) |
|
|
|
Name |
Portfolio Manager
of
the Fund Since |
Title |
Clifford
S. Asness, Ph.D., M.B.A. |
December
2021 |
Managing
and Founding Principal of the Adviser |
John
M. Liew, Ph.D., M.B.A. |
December
2021 |
Founding
Principal of the Adviser |
Michele
L. Aghassi, Ph.D. |
December
2021 |
Principal
of the Adviser |
Andrea
Frazzini, Ph.D., M.A. |
December
2021 |
Principal
of the Adviser |
John
J. Huss |
December
2021 |
Principal
of the Adviser |
Lukasz
Pomorski, Ph.D., M.A. |
December
2021 |
Managing
Director of the Adviser |
|
Class N Shares |
Class I Shares |
Class
R6 Shares |
Minimum
Initial Investment |
$2,5001
|
$5,000,0001
|
$50,000,0001
|
Minimum
Subsequent Investment |
None |
None |
None |
|
AQR
Alternative
Risk
Premia
Fund |
AQR
Diversified
Arbitrage
Fund |
AQR Equity
Market
Neutral Fund |
AQR Macro
Opportunities
Fund |
Arbitrage
or Fundamental Risk |
|
x |
|
|
Below
Investment Grade Securities Risk |
x |
x |
|
|
China
Risk |
|
|
|
x |
Commodities
Risk |
x |
|
|
x |
Common
Stock Risk |
x |
x |
x |
x |
Convertible
Securities Risk |
|
x |
|
|
Counterparty
Risk |
x |
x |
x |
x |
Credit
Default Swap Agreements Risk |
|
x |
|
x |
Credit
Risk |
x |
x |
x |
x |
Currency
Risk |
x |
x |
x |
x |
Derivatives
Risk |
x |
x |
x |
x |
Distressed
Investments Risk |
|
x |
|
|
Emerging
Market Risk |
x |
x |
|
x |
Foreign
Investments Risk |
x |
x |
x |
x |
Forward
and Futures Contract Risk |
x |
x |
x |
x |
Hedging
Transactions Risk |
x |
x |
x |
x |
High
Portfolio Turnover Risk |
x |
x |
x |
x |
Illiquidity
Risk |
|
x |
|
|
Interest
Rate Risk |
x |
x |
|
x |
Investment
in Other Investment Companies Risk |
x |
x |
x |
x |
IPO
and SEO Risk |
|
x |
|
|
Leverage
Risk |
x |
x |
x |
x |
Litigation
and Enforcement Risk |
|
x |
|
|
Manager
Risk |
x |
x |
x |
x |
Market
Risk |
x |
x |
x |
x |
Mid-Cap
Securities Risk |
x |
x |
x |
x |
Model
and Data Risk |
x |
x |
x |
x |
Momentum
Style Risk |
x |
|
x |
x |
Non-Diversified
Status Risk |
|
|
|
|
Options
Risk |
|
x |
|
x |
PIPEs
Risk |
|
x |
|
|
Real-Estate
Related Investment Risk |
x |
|
x |
x |
Repurchase
Agreements Risk |
|
|
|
x |
Restricted
Securities Risk |
|
x |
|
|
Reverse
Repurchase Agreements Risk |
|
|
|
x |
Short
Sale Risk |
x |
x |
x |
x |
Small-Cap
Securities Risk |
x |
x |
x |
x |
Sovereign
Debt Risk |
x |
|
|
x |
SPACs
Risk |
|
x |
|
|
Subsidiary
Risk |
x |
|
|
x |
Sustainable
Investment Risk |
|
|
|
|
Swap
Agreements Risk |
x |
x |
x |
x |
Tax-Managed
Investment Risk |
x |
|
|
|
Tax
Risk |
x |
|
|
x |
TIPS
and Inflation-Linked Bonds Risk |
|
|
|
x |
U.S.
Government Securities Risk |
x |
|
|
x |
Value
Style Risk |
x |
|
x |
x |
Volatility
Risk |
x |
x |
x |
x |
Volatility
Futures Risk |
|
|
|
|
Zero
Net Carbon Target Risk |
|
|
|
|
|
AQR
Long-
Short
Equity
Fund |
AQR
Managed
Futures
Strategy
Fund |
AQR
Managed
Futures
Strategy HV
Fund |
AQR Multi-
Asset
Fund |
Arbitrage
or Fundamental Risk |
|
|
|
|
Below
Investment Grade Securities Risk |
|
x |
x |
x |
China
Risk |
|
x |
x |
|
Commodities
Risk |
|
x |
x |
x |
Common
Stock Risk |
x |
x |
x |
x |
Convertible
Securities Risk |
|
|
|
|
Counterparty
Risk |
x |
x |
x |
x |
Credit
Default Swap Agreements Risk |
|
x |
x |
x |
Credit
Risk |
x |
x |
x |
x |
Currency
Risk |
x |
x |
x |
x |
Derivatives
Risk |
x |
x |
x |
x |
Distressed
Investments Risk |
|
|
|
|
Emerging
Market Risk |
|
x |
x |
x |
Foreign
Investments Risk |
x |
x |
x |
x |
Forward
and Futures Contract Risk |
x |
x |
x |
x |
Hedging
Transactions Risk |
x |
x |
x |
x |
High
Portfolio Turnover Risk |
x |
x |
x |
x |
Illiquidity
Risk |
|
|
|
|
Interest
Rate Risk |
|
x |
x |
x |
Investment
in Other Investment Companies Risk |
x |
x |
x |
x |
IPO
and SEO Risk |
|
|
|
|
Leverage
Risk |
x |
x |
x |
x |
Litigation
and Enforcement Risk |
|
|
|
|
Manager
Risk |
x |
x |
x |
x |
Market
Risk |
x |
x |
x |
x |
Mid-Cap
Securities Risk |
x |
x |
x |
x |
Model
and Data Risk |
x |
x |
x |
x |
Momentum
Style Risk |
x |
x |
x |
x |
Non-Diversified
Status Risk |
|
|
|
|
Options
Risk |
|
|
|
|
PIPEs
Risk |
|
|
|
|
Real-Estate
Related Investment Risk |
x |
x |
x |
|
Repurchase
Agreements Risk |
|
|
|
x |
Restricted
Securities Risk |
|
|
|
|
Reverse
Repurchase Agreements Risk |
|
|
|
x |
Short
Sale Risk |
x |
x |
x |
x |
Small-Cap
Securities Risk |
x |
x |
x |
x |
Sovereign
Debt Risk |
|
|
|
x |
SPACs
Risk |
|
|
|
|
Subsidiary
Risk |
|
x |
x |
x |
Sustainable
Investment Risk |
|
|
|
|
Swap
Agreements Risk |
x |
x |
x |
x |
Tax-Managed
Investment Risk |
|
|
|
|
Tax
Risk |
|
x |
x |
x |
TIPS
and Inflation-Linked Bonds Risk |
|
|
|
x |
U.S.
Government Securities Risk |
|
x |
x |
x |
Value
Style Risk |
x |
x |
x |
x |
Volatility
Risk |
x |
x |
x |
x |
Volatility
Futures Risk |
|
x |
x |
|
Zero
Net Carbon Target Risk |
|
|
|
|
|
AQR Risk-
Balanced
Commodities
Strategy Fund |
AQR
Style
Premia
Alternative
Fund |
AQR
Sustainable
Long-Short
Equity
Carbon
Aware
Fund |
Arbitrage
or Fundamental Risk |
|
|
|
Below
Investment Grade Securities Risk |
|
x |
|
China
Risk |
|
x |
|
Commodities
Risk |
x |
x |
|
Common
Stock Risk |
|
x |
x |
Convertible
Securities Risk |
|
|
|
Counterparty
Risk |
x |
x |
x |
Credit
Default Swap Agreements Risk |
|
|
|
Credit
Risk |
x |
x |
x |
Currency
Risk |
x |
x |
x |
Derivatives
Risk |
x |
x |
x |
Distressed
Investments Risk |
|
|
|
Emerging
Market Risk |
|
x |
|
Foreign
Investments Risk |
x |
x |
x |
Forward
and Futures Contract Risk |
x |
x |
x |
Hedging
Transactions Risk |
x |
x |
x |
High
Portfolio Turnover Risk |
x |
x |
x |
Illiquidity
Risk |
|
|
|
Interest
Rate Risk |
|
x |
|
Investment
in Other Investment Companies Risk |
x |
x |
x |
IPO
and SEO Risk |
|
|
|
Leverage
Risk |
x |
x |
x |
Litigation
and Enforcement Risk |
|
|
|
Manager
Risk |
x |
x |
x |
Market
Risk |
x |
x |
x |
Mid-Cap
Securities Risk |
|
x |
x |
Model
and Data Risk |
x |
x |
x |
Momentum
Style Risk |
x |
x |
x |
Non-Diversified
Status Risk |
x |
|
|
Options
Risk |
|
|
|
PIPEs
Risk |
|
|
|
Real-Estate
Related Investment Risk |
|
x |
x |
Repurchase
Agreements Risk |
x |
|
|
Restricted
Securities Risk |
|
|
|
Reverse
Repurchase Agreements Risk |
|
|
|
Short
Sale Risk |
x |
x |
x |
Small-Cap
Securities Risk |
|
x |
x |
Sovereign
Debt Risk |
|
x |
|
SPACs
Risk |
|
|
|
Subsidiary
Risk |
x |
x |
|
Sustainable
Investment Risk |
|
|
x |
Swap
Agreements Risk |
x |
x |
x |
Tax-Managed
Investment Risk |
|
|
|
Tax
Risk |
x |
x |
|
TIPS
and Inflation-Linked Bonds Risk |
|
|
|
U.S.
Government Securities Risk |
x |
x |
|
Value
Style Risk |
x |
x |
x |
Volatility
Risk |
x |
x |
x |
Volatility
Futures Risk |
|
|
|
Zero
Net Carbon Target Risk |
|
|
x |
Fund |
|
AQR
Alternative Risk Premia Fund |
1.20% |
AQR
Diversified Arbitrage Fund |
1.00% |
AQR
Equity Market Neutral Fund |
1.10% |
AQR
Long-Short Equity Fund |
1.10% |
AQR
Macro Opportunities Fund |
1.00% |
AQR
Managed Futures Strategy Fund |
1.05% |
AQR
Managed Futures Strategy HV Fund |
1.45% |
AQR
Multi-Asset Fund |
0.60% |
AQR
Risk-Balanced Commodities Strategy Fund |
0.80% |
AQR
Style Premia Alternative Fund1
|
1.30% |
AQR
Sustainable Long-Short Equity Carbon Aware Fund |
1.10% |
Fund |
|
AQR
Alternative Risk Premia Fund |
1.20% |
AQR
Diversified Arbitrage Fund |
1.00% |
AQR
Equity Market Neutral Fund
|
1.10% |
AQR
Long-Short Equity Fund
|
1.10% |
AQR
Macro Opportunities Fund
|
1.00% |
AQR
Managed Futures Strategy Fund |
1.05% |
AQR
Managed Futures Strategy HV Fund
|
1.45% |
AQR
Multi-Asset Fund |
0.60% |
AQR
Risk-Balanced Commodities Strategy Fund |
0.80% |
AQR
Style Premia Alternative Fund1
|
1.32% |
AQR
Sustainable Long-Short Equity Carbon Aware Fund |
1.10% |
Fund |
Class
N Shares |
Class
I Shares |
Class
R6 Shares |
AQR
Alternative Risk Premia Fund |
0.20% |
0.20% |
0.10% |
AQR
Diversified Arbitrage Fund |
0.20% |
0.20% |
0.10% |
AQR
Equity Market Neutral Fund |
0.20% |
0.20% |
0.10% |
AQR
Long-Short Equity Fund |
0.20% |
0.20% |
0.10% |
AQR
Macro Opportunities Fund |
0.20% |
0.20% |
0.10% |
AQR
Managed Futures Strategy Fund |
0.20% |
0.20% |
0.10% |
AQR
Managed Futures Strategy HV Fund |
0.20% |
0.20% |
0.10% |
AQR
Multi-Asset Fund |
0.20% |
0.20% |
0.10% |
AQR
Risk-Balanced Commodities Strategy Fund |
0.20% |
0.20% |
0.10% |
Fund |
Class
N Shares |
Class
I Shares |
Class
R6 Shares |
AQR
Style Premia Alternative Fund |
0.20% |
0.20% |
0.10% |
AQR
Sustainable Long-Short Equity Carbon
Aware
Fund |
0.20% |
0.20% |
0.10% |
Fund |
Portfolio
Managers |
AQR
Alternative Risk Premia Fund |
Jordan
Brooks, Ph.D., M.A. |
|
Andrea
Frazzini, Ph.D., M.S. |
|
John
J. Huss |
|
Yao
Hua Ooi |
|
Nathan
Sosner, Ph.D. |
|
|
AQR
Diversified Arbitrage Fund |
Jordan
Brooks, Ph.D., M.A. |
|
|
AQR
Equity Market Neutral Fund |
Clifford
S. Asness, Ph.D., M.B.A. |
|
Michele
L. Aghassi, Ph.D. |
|
Andrea
Frazzini, Ph.D., M.S. |
|
John
J. Huss |
|
Laura
Serban, Ph.D. |
|
|
AQR
Macro Opportunities Fund |
John
M. Liew, Ph.D., M.B.A |
|
Jordan
Brooks, Ph.D., M.A. |
|
Yao
Hua Ooi |
|
Jonathan
Fader |
|
Erik
Stamelos |
|
|
AQR
Long-Short Equity Fund |
Clifford
S. Asness, Ph.D., M.B.A. |
|
Michele
L. Aghassi, Ph.D. |
|
Andrea
Frazzini, Ph.D., M.S. |
|
John
J. Huss |
Fund |
Portfolio
Managers |
|
Laura
Serban, Ph.D. |
|
|
AQR
Managed Futures Strategy Fund |
Clifford
S. Asness, Ph.D., M.B.A. |
|
John
M. Liew, Ph.D., M.B.A. |
|
Jordan
Brooks, Ph.D., M.A. |
|
Yao
Hua Ooi |
|
Erik
Stamelos |
|
|
AQR
Managed Futures Strategy HV
Fund |
Clifford
S. Asness, Ph.D., M.B.A. |
|
John
M. Liew, Ph.D., M.B.A. |
|
Jordan
Brooks, Ph.D., M.A. |
|
Yao
Hua Ooi |
|
Erik
Stamelos |
|
|
AQR
Multi-Asset Fund |
John
M. Liew, Ph.D., M.B.A. |
|
Jordan
Brooks, Ph.D., M.A. |
|
Andrea
Frazzini, Ph.D., M.S. |
|
John
J. Huss |
|
Michael
A. Mendelson, M.B.A., S.M. |
|
Yao
Hua Ooi |
|
|
AQR
Risk-Balanced Commodities
Strategy
Fund |
Clifford
S. Asness, Ph.D., M.B.A |
|
John
M. Liew, Ph.D., M.B.A. |
|
Jordan
Brooks, Ph.D., M.A. |
|
Yao
Hua Ooi |
|
Erik
Stamelos |
|
|
AQR
Style Premia Alternative Fund |
Clifford
S. Asness, Ph.D., M.B.A |
|
Jordan
Brooks, Ph.D., M.A. |
|
Andrea
Frazzini, Ph.D., M.S. |
|
John
J. Huss |
|
Yao
Hua Ooi |
|
|
AQR
Sustainable Long-Short Equity
Carbon
Aware Fund |
Clifford
S. Asness, Ph.D., M.B.A. |
|
John
M. Liew, Ph.D., M.B.A. |
|
Michele
L. Aghassi, Ph.D. |
|
Andrea
Frazzini, Ph.D., M.S. |
|
John
J. Huss |
|
Lukasz
Pomorski, Ph.D., M.A. |
|
Minimum
Investment | |
Eligibility
Group |
Class
N |
Class
I |
Defined
benefit plans, endowments and foundations, investment companies,
corporations,
insurance companies, trust companies, and other institutional
investors
not specifically enumerated |
None |
None |
Accounts
and programs offered by certain financial intermediaries, such as
registered
investment advisers, broker-dealers, bank trust departments, wrap
fee
programs and unified managed accounts |
None |
None |
Qualified
defined contribution plans and 457 plans |
None |
None |
Investors
who are not eligible for a reduced minimum |
$2,500 |
$5,000,000 |
Eligibility
Group |
Minimum
Investment |
Defined
benefit plans, endowments and foundations, investment companies,
corporations,
insurance
companies, trust companies, and other institutional investors not
specifically enumerated |
$100,000 |
Accounts
and programs offered by certain financial intermediaries, such as
registered investment
advisers,
broker-dealers, bank trust departments, wrap fee programs and unified
managed
accounts |
$50,000,000
or
$100,000,000
aggregate
investment
across
all series of
the
Trust |
Qualified
defined contribution plans and 457 plans |
None |
Tax-exempt
retirement plans of the Adviser
and its affiliates and rollover accounts from those
plans |
None |
Employees
of the Adviser
and affiliates, trustees and officers of the Trust
and their immediate
family
members |
None |
|
PER
SHARE OPERATING PERFORMANCE
| ||||||
|
|
Change
in Net Assets Resulting from
Operations1 |
Less
Dividends and Distributions
| ||||
|
Net
Asset
Value,
Beginning
of
Period |
Net
Investment
Income
(Loss) |
Net
Realized
and
Unrealized
Gain
(Loss) |
Net
Increase
(Decrease)
in
Net
Asset
Value
from
Operations |
Distributions
from
Net
Investment
Income |
Distributions
from
Net
Realized
Gains |
Return
of
Capital |
AQR
ALTERNATIVE RISK PREMIA FUND CLASS I^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.56 |
0.08 |
1.83 |
1.91 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.89 |
(0.05) |
1.03 |
0.98 |
(0.31) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.89 |
(0.02) |
(1.84) |
(1.86) |
(0.14) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.25 |
0.056
|
(0.33) |
(0.28) |
(0.08) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$10.01 |
(0.00)7
|
(0.75) |
(0.75) |
(0.01) |
— |
— |
AQR
ALTERNATIVE RISK PREMIA FUND CLASS N^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.53 |
0.05 |
1.82 |
1.87 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.86 |
(0.06) |
1.02 |
0.96 |
(0.29) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.88 |
(0.04) |
(1.84) |
(1.88) |
(0.14) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.23 |
0.036
|
(0.33) |
(0.30) |
(0.05) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$10.01 |
(0.03) |
(0.74) |
(0.77) |
(0.01) |
— |
— |
AQR
ALTERNATIVE RISK PREMIA FUND CLASS R6^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.58 |
0.09 |
1.84 |
1.93 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.91 |
(0.03) |
1.02 |
0.99 |
(0.32) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.91 |
(0.02) |
(1.84) |
(1.86) |
(0.14) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.27 |
0.056
|
(0.32) |
(0.27) |
(0.09) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$10.02 |
0.01 |
(0.75) |
(0.74) |
(0.01) |
— |
— |
AQR
DIVERSIFIED ARBITRAGE FUND CLASS I | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$12.10 |
0.089
|
(0.48) |
(0.40) |
(0.01) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$11.46 |
(0.12) |
0.84 |
0.72 |
(0.08) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.30 |
(0.03) |
2.37 |
2.34 |
(0.15) |
— |
(0.03) |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.75 |
0.08 |
0.67 |
0.75 |
(0.20) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.12 |
0.06 |
0.14 |
0.20 |
(0.57) |
— |
— |
AQR
DIVERSIFIED ARBITRAGE FUND CLASS N | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$12.12 |
0.079
|
(0.50) |
(0.43) |
(0.01) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$11.48 |
(0.15) |
0.84 |
0.69 |
(0.05) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.31 |
(0.06) |
2.38 |
2.32 |
(0.12) |
— |
(0.03) |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.76 |
0.05 |
0.67 |
0.72 |
(0.17) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.12 |
0.04 |
0.14 |
0.18 |
(0.54) |
— |
— |
AQR
DIVERSIFIED ARBITRAGE FUND CLASS R6 | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$12.08 |
0.109
|
(0.48) |
(0.38) |
(0.01) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$11.44 |
(0.11) |
0.84 |
0.73 |
(0.09) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.28 |
(0.01) |
2.36 |
2.35 |
(0.15) |
— |
(0.04) |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.73 |
0.12 |
0.63 |
0.75 |
(0.20) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.10 |
0.08 |
0.13 |
0.21 |
(0.58) |
— |
— |
|
|
|
RATIOS/SUPPLEMENTAL
DATA
| |||||
|
|
|
|
Ratios
to Average Net Assets of:*
|
| |||
Total
Distributions |
Net
Asset
Value,
End
of
Period |
Total
Return2,3 |
Net
Assets,
End
of Period
(000’s) |
Expenses,
Before
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers
(Excluding
Dividend
Short
Expense &
Interest
Expense)4 |
Net
Investment
Income
(Loss) |
Portfolio
Turnover
Rate5 |
|
|
|
|
|
|
|
|
|
— |
$9.47 |
25.26% |
$54,627 |
3.30% |
3.12% |
1.40% |
0.91% |
262% |
(0.31) |
$7.56 |
14.25% |
$46,808 |
3.09% |
2.79% |
1.40% |
(0.62)% |
179% |
(0.14) |
$6.89 |
(20.95)% |
$61,080 |
3.31% |
3.20% |
1.41% |
(0.31)% |
232% |
(0.08) |
$8.89 |
(3.08)% |
$144,245 |
3.60% |
3.55% |
1.40% |
0.58%6
|
192% |
(0.01) |
$9.25 |
(7.51)% |
$260,990 |
3.40%8
|
3.32% |
1.40% |
(0.00)% |
253% |
|
|
|
|
|
|
|
|
|
— |
$9.40 |
24.83% |
$5,926 |
3.56% |
3.37% |
1.65% |
0.58% |
262% |
(0.29) |
$7.53 |
14.03% |
$7,422 |
3.35% |
3.04% |
1.65% |
(0.78)% |
179% |
(0.14) |
$6.86 |
(21.20)% |
$6,503 |
3.57% |
3.45% |
1.66% |
(0.51)% |
232% |
(0.05) |
$8.88 |
(3.24)% |
$8,989 |
3.85% |
3.80% |
1.65% |
0.28%6
|
192% |
(0.01) |
$9.23 |
(7.72)% |
$11,467 |
3.64%8
|
3.55% |
1.63% |
(0.27)% |
253% |
|
|
|
|
|
|
|
|
|
— |
$9.51 |
25.46% |
$101,094 |
3.21% |
3.02% |
1.30% |
1.08% |
262% |
(0.32) |
$7.58 |
14.31% |
$82,522 |
3.00% |
2.69% |
1.30% |
(0.43)% |
179% |
(0.14) |
$6.91 |
(20.90)% |
$54,859 |
3.22% |
3.10% |
1.31% |
(0.24)% |
232% |
(0.09) |
$8.91 |
(2.93)% |
$82,300 |
3.51% |
3.45% |
1.30% |
0.53%6
|
192% |
(0.01) |
$9.27 |
(7.41)% |
$98,967 |
3.31%8
|
3.23% |
1.30% |
0.06% |
253% |
|
|
|
|
|
|
|
|
|
(0.01) |
$11.69 |
(3.29)% |
$1,017,383 |
1.31% |
1.30% |
1.20% |
0.68%9
|
164% |
(0.08) |
$12.10 |
6.27% |
$922,765 |
1.51% |
1.47% |
1.20% |
(0.98)% |
518% |
(0.18) |
$11.46 |
25.21% |
$611,741 |
2.10% |
2.04% |
1.20% |
(0.29)% |
598% |
(0.20) |
$9.30 |
8.53% |
$464,186 |
2.06% |
1.98% |
1.20% |
0.88% |
361% |
(0.57) |
$8.75 |
2.19% |
$319,152 |
1.96% |
1.92% |
1.20% |
0.66% |
390% |
|
|
|
|
|
|
|
|
|
(0.01) |
$11.68 |
(3.54)% |
$66,385 |
1.57% |
1.55% |
1.45% |
0.58%9
|
164% |
(0.05) |
$12.12 |
5.99% |
$44,676 |
1.76% |
1.72% |
1.45% |
(1.22)% |
518% |
(0.15) |
$11.48 |
24.96% |
$34,599 |
2.35% |
2.29% |
1.45% |
(0.60)% |
598% |
(0.17) |
$9.31 |
8.21% |
$55,694 |
2.30% |
2.22% |
1.44% |
0.52% |
361% |
(0.54) |
$8.76 |
2.01% |
$66,251 |
2.21% |
2.17% |
1.45% |
0.44% |
390% |
|
|
|
|
|
|
|
|
|
(0.01) |
$11.69 |
(3.13)% |
$458,946 |
1.22% |
1.20% |
1.10% |
0.81%9
|
164% |
(0.09) |
$12.08 |
6.37% |
$358,110 |
1.42% |
1.37% |
1.10% |
(0.88)% |
518% |
(0.19) |
$11.44 |
25.36% |
$232,201 |
2.00% |
1.94% |
1.10% |
(0.10)% |
598% |
(0.20) |
$9.28 |
8.64% |
$19,077 |
1.96% |
1.88% |
1.10% |
1.27% |
361% |
(0.58) |
$8.73 |
2.41% |
$13,654 |
1.87% |
1.82% |
1.10% |
0.79% |
390% |
|
PER
SHARE OPERATING PERFORMANCE
| ||||||
|
|
Change
in Net Assets Resulting from
Operations1 |
Less
Dividends and Distributions
| ||||
|
Net
Asset
Value,
Beginning
of
Period |
Net
Investment
Income
(Loss) |
Net
Realized
and
Unrealized
Gain
(Loss) |
Net
Increase
(Decrease)
in
Net
Asset
Value
from
Operations |
Distributions
from
Net
Investment
Income |
Distributions
from
Net
Realized
Gains |
Return
of
Capital |
AQR
EQUITY MARKET NEUTRAL FUND CLASS I | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.32 |
0.03 |
1.95 |
1.98 |
(0.52) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.31 |
(0.09) |
1.20 |
1.11 |
— |
(0.10) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.20 |
(0.02) |
(1.77) |
(1.79) |
— |
(1.10) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$10.76 |
0.13 |
(1.34) |
(1.21) |
— |
(0.35) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$12.25 |
0.04 |
(1.48) |
(1.44) |
(0.05) |
— |
— |
AQR
EQUITY MARKET NEUTRAL FUND CLASS N | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.21 |
0.01 |
1.93 |
1.94 |
(0.50) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.23 |
(0.10) |
1.18 |
1.08 |
— |
(0.10) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.12 |
(0.03) |
(1.76) |
(1.79) |
— |
(1.10) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$10.70 |
0.12 |
(1.35) |
(1.23) |
— |
(0.35) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$12.21 |
0.007
|
(1.46) |
(1.46) |
(0.05) |
— |
— |
AQR
EQUITY MARKET NEUTRAL FUND CLASS R6 | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.35 |
0.06 |
1.94 |
2.00 |
(0.53) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.32 |
(0.08) |
1.21 |
1.13 |
— |
(0.10) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.22 |
(0.00)7
|
(1.80) |
(1.80) |
— |
(1.10) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$10.77 |
0.11 |
(1.31) |
(1.20) |
— |
(0.35) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$12.25 |
0.05 |
(1.48) |
(1.43) |
(0.05) |
— |
— |
AQR
LONG-SHORT EQUITY FUND CLASS I | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$12.31 |
0.02 |
2.29 |
2.31 |
(1.32) |
(0.49) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.39 |
(0.14) |
3.06 |
2.92 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$11.08 |
(0.04) |
(1.50) |
(1.54) |
— |
(0.15) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$10.94 |
0.10 |
0.04 |
0.14 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$13.88 |
0.04 |
(2.32) |
(2.28) |
(0.04) |
(0.62) |
— |
AQR
LONG-SHORT EQUITY FUND CLASS N | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$12.09 |
(0.03) |
2.27 |
2.24 |
(1.28) |
(0.49) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.25 |
(0.17) |
3.01 |
2.84 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$10.95 |
(0.08) |
(1.47) |
(1.55) |
— |
(0.15) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$10.84 |
0.07 |
0.04 |
0.11 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$13.80 |
(0.01) |
(2.29) |
(2.30) |
(0.04) |
(0.62) |
— |
AQR
LONG-SHORT EQUITY FUND CLASS R6 | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$12.38 |
(0.03) |
2.37 |
2.34 |
(1.33) |
(0.49) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.44 |
(0.13) |
3.07 |
2.94 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$11.12 |
(0.02) |
(1.51) |
(1.53) |
— |
(0.15) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$10.97 |
0.10 |
0.05 |
0.15 |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$13.91 |
0.04 |
(2.32) |
(2.28) |
(0.04) |
(0.62) |
— |
|
|
|
RATIOS/SUPPLEMENTAL
DATA
| |||||
|
|
|
|
Ratios
to Average Net Assets of:*
|
| |||
Total
Distributions |
Net
Asset
Value,
End
of
Period |
Total
Return2,3 |
Net
Assets,
End
of Period
(000’s) |
Expenses,
Before
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers
(Excluding
Dividend
Short
Expense &
Interest
Expense)4 |
Net
Investment
Income
(Loss) |
Portfolio
Turnover
Rate5 |
|
|
|
|
|
|
|
|
|
(0.52) |
$8.78 |
27.22% |
$116,154 |
1.62% |
1.47% |
1.30% |
0.35% |
319% |
(0.10) |
$7.32 |
17.64% |
$32,802 |
1.87% |
1.48% |
1.30% |
(1.22)% |
282% |
(1.10) |
$6.31 |
(19.52)% |
$38,498 |
1.73% |
1.63% |
1.30% |
(0.20)% |
312% |
(0.35) |
$9.20 |
(11.27)% |
$208,679 |
2.23% |
2.21% |
1.27% |
1.31% |
263% |
(0.05) |
$10.76 |
(11.73)% |
$708,592 |
1.99% |
1.99% |
1.24% |
0.32% |
175% |
|
|
|
|
|
|
|
|
|
(0.50) |
$8.65 |
27.03% |
$24,133 |
1.88% |
1.72% |
1.55% |
0.12% |
319% |
(0.10) |
$7.21 |
17.38% |
$15,968 |
2.13% |
1.73% |
1.55% |
(1.45)% |
282% |
(1.10) |
$6.23 |
(19.70)% |
$10,040 |
2.03% |
1.88% |
1.55% |
(0.33)% |
312% |
(0.35) |
$9.12 |
(11.52)% |
$14,129 |
2.50% |
2.49% |
1.55% |
1.20% |
263% |
(0.05) |
$10.70 |
(11.94)% |
$209,290 |
2.27% |
2.27% |
1.53% |
0.02% |
175% |
|
|
|
|
|
|
|
|
|
(0.53) |
$8.82 |
27.33% |
$38,898 |
1.53% |
1.37% |
1.20% |
0.72% |
319% |
(0.10) |
$7.35 |
17.93% |
$5,917 |
1.79% |
1.38% |
1.20% |
(1.13)% |
282% |
(1.10) |
$6.32 |
(19.61)% |
$4,758 |
1.67% |
1.53% |
1.20% |
(0.01)% |
312% |
(0.35) |
$9.22 |
(11.17)% |
$38,112 |
2.15% |
2.14% |
1.20% |
1.05% |
263% |
(0.05) |
$10.77 |
(11.65)% |
$206,044 |
1.93% |
1.93% |
1.18% |
0.44% |
175% |
|
|
|
|
|
|
|
|
|
(1.81) |
$12.81 |
19.11% |
$544,239 |
1.37% |
1.34% |
1.30% |
0.16% |
0% |
— |
$12.31 |
31.10% |
$278,938 |
1.36% |
1.31% |
1.30% |
(1.26)% |
0% |
(0.15) |
$9.39 |
(13.91)% |
$350,475 |
1.32% |
1.31% |
1.30% |
(0.42)% |
269% |
— |
$11.08 |
1.28% |
$901,269 |
2.06% |
2.06% |
1.26% |
0.92% |
292% |
(0.66) |
$10.94 |
(16.40)% |
$1,697,554 |
1.73% |
1.73% |
1.24% |
0.28% |
462% |
|
|
|
|
|
|
|
|
|
(1.77) |
$12.56 |
18.84% |
$13,691 |
1.63% |
1.59% |
1.55% |
(0.23)% |
0% |
— |
$12.09 |
30.70% |
$11,049 |
1.62% |
1.56% |
1.55% |
(1.52)% |
0% |
(0.15) |
$9.25 |
(14.17)% |
$6,934 |
1.57% |
1.56% |
1.55% |
(0.79)% |
269% |
— |
$10.95 |
1.01% |
$28,689 |
2.33% |
2.33% |
1.53% |
0.60% |
292% |
(0.66) |
$10.84 |
(16.64)% |
$117,289 |
2.01% |
2.01% |
1.51% |
(0.04)% |
462% |
|
|
|
|
|
|
|
|
|
(1.82) |
$12.90 |
19.25% |
$6,726 |
1.28% |
1.24% |
1.20% |
(0.19)% |
0% |
— |
$12.38 |
31.14% |
$14,951 |
1.27% |
1.21% |
1.20% |
(1.16)% |
0% |
(0.15) |
$9.44 |
(13.77)% |
$15,920 |
1.23% |
1.21% |
1.20% |
(0.25)% |
269% |
— |
$11.12 |
1.37% |
$76,285 |
1.99% |
1.99% |
1.19% |
0.87% |
292% |
(0.66) |
$10.97 |
(16.36)% |
$206,247 |
1.66% |
1.66% |
1.16% |
0.32% |
462% |
|
PER
SHARE OPERATING PERFORMANCE
| ||||||
|
|
Change
in Net Assets Resulting from
Operations1 |
Less
Dividends and Distributions
| ||||
|
Net
Asset
Value,
Beginning
of
Period |
Net
Investment
Income
(Loss) |
Net
Realized
and
Unrealized
Gain
(Loss) |
Net
Increase
(Decrease)
in
Net
Asset
Value
from
Operations |
Distributions
from
Net
Investment
Income |
Distributions
from
Net
Realized
Gains |
Return
of
Capital |
AQR
MACRO OPPORTUNITIES FUND CLASS I^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$9.01 |
0.15 |
2.46 |
2.61 |
(0.03) |
(0.77) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.58 |
(0.12) |
(0.31) |
(0.43) |
(0.08) |
(0.06) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.52 |
(0.07) |
0.22 |
0.15 |
— |
(0.09) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.08 |
0.06 |
0.38 |
0.44 |
(0.00)7
|
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$8.75 |
0.03 |
0.65 |
0.68 |
(0.15) |
(0.20) |
— |
AQR
MACRO OPPORTUNITIES FUND CLASS N^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$8.86 |
0.12 |
2.42 |
2.54 |
(0.02) |
(0.77) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.42 |
(0.14) |
(0.30) |
(0.44) |
(0.06) |
(0.06) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.39 |
(0.10) |
0.22 |
0.12 |
— |
(0.09) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.97 |
0.03 |
0.39 |
0.42 |
(0.00)7
|
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$8.66 |
(0.00)7
|
0.66 |
0.66 |
(0.15) |
(0.20) |
— |
AQR
MACRO OPPORTUNITIES FUND CLASS R6^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$9.03 |
0.12 |
2.51 |
2.63 |
(0.04) |
(0.77) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.60 |
(0.11) |
(0.31) |
(0.42) |
(0.09) |
(0.06) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.53 |
(0.07) |
0.23 |
0.16 |
— |
(0.09) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.08 |
0.06 |
0.39 |
0.45 |
(0.00)7
|
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$8.75 |
0.04 |
0.65 |
0.69 |
(0.16) |
(0.20) |
— |
AQR
MANAGED FUTURES STRATEGY FUND CLASS I^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.26 |
0.03 |
2.53 |
2.56 |
(1.11) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$7.85 |
(0.09) |
0.007
|
(0.09) |
(0.50) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.30 |
(0.04) |
0.01 |
(0.03) |
(0.42) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.41 |
0.09 |
0.06 |
0.15 |
(0.26) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.23 |
0.06 |
(0.88) |
(0.82) |
— |
— |
— |
AQR
MANAGED FUTURES STRATEGY FUND CLASS N^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.20 |
0.007
|
2.52 |
2.52 |
(1.09) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$7.78 |
(0.11) |
0.007
|
(0.11) |
(0.47) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.16 |
(0.06) |
0.007
|
(0.06) |
(0.32) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.27 |
0.06 |
0.07 |
0.13 |
(0.24) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.10 |
0.03 |
(0.86) |
(0.83) |
— |
— |
— |
AQR
MANAGED FUTURES STRATEGY FUND CLASS R6^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.27 |
0.05 |
2.52 |
2.57 |
(1.12) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$7.86 |
(0.09) |
0.01 |
(0.08) |
(0.51) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.32 |
(0.03) |
0.007
|
(0.03) |
(0.43) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.42 |
0.09 |
0.08 |
0.17 |
(0.27) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.24 |
0.06 |
(0.88) |
(0.82) |
— |
— |
— |
|
|
|
RATIOS/SUPPLEMENTAL
DATA
| |||||
|
|
|
|
Ratios
to Average Net Assets of:*
|
| |||
Total
Distributions |
Net
Asset
Value,
End
of
Period |
Total
Return2,3 |
Net
Assets,
End
of Period
(000’s) |
Expenses,
Before
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers
(Excluding
Dividend
Short
Expense &
Interest
Expense)4 |
Net
Investment
Income
(Loss) |
Portfolio
Turnover
Rate5 |
|
|
|
|
|
|
|
|
|
(0.80) |
$10.82 |
29.28% |
$129,055 |
1.98% |
1.68% |
1.20% |
1.34% |
319% |
(0.14) |
$9.01 |
(4.54)% |
$7,190 |
2.32%11
|
1.26% |
1.25% |
(1.23)% |
0% |
(0.09) |
$9.58 |
1.61% |
$8,510 |
2.22% |
1.35% |
1.34% |
(0.77)% |
0% |
(0.00)7
|
$9.52 |
4.90% |
$14,985 |
2.15% |
1.45% |
1.45% |
0.59% |
0% |
(0.35) |
$9.08 |
7.80% |
$20,230 |
1.93% |
1.42% |
1.42% |
0.29% |
0% |
|
|
|
|
|
|
|
|
|
(0.79) |
$10.61 |
28.87% |
$7,366 |
2.28% |
1.93% |
1.45% |
1.13% |
319% |
(0.12) |
$8.86 |
(4.72)% |
$638 |
2.60%11
|
1.50% |
1.50% |
(1.47)% |
0% |
(0.09) |
$9.42 |
1.31% |
$537 |
2.47% |
1.60% |
1.59% |
(1.04)% |
0% |
(0.00)7
|
$9.39 |
4.73% |
$1,173 |
2.23% |
1.70% |
1.70% |
0.37% |
0% |
(0.35) |
$8.97 |
7.57% |
$17,074 |
2.11% |
1.68% |
1.68% |
(0.04)% |
0% |
|
|
|
|
|
|
|
|
|
(0.81) |
$10.85 |
29.38% |
$43,554 |
1.98% |
1.58% |
1.10% |
1.13% |
319% |
(0.15) |
$9.03 |
(4.41)% |
$19,389 |
2.24%11
|
1.16% |
1.15% |
(1.13)% |
0% |
(0.09) |
$9.60 |
1.71% |
$19,070 |
2.12% |
1.23% |
1.22% |
(0.71)% |
0% |
(0.00)7
|
$9.53 |
5.01% |
$11,841 |
2.08% |
1.35% |
1.35% |
0.67% |
0% |
(0.36) |
$9.08 |
7.84% |
$12,073 |
1.91% |
1.35% |
1.35% |
0.41% |
0% |
|
|
|
|
|
|
|
|
|
(1.11) |
$8.71 |
35.38% |
$1,311,469 |
1.27% |
1.27% |
1.25% |
0.28% |
0% |
(0.50) |
$7.26 |
(1.06)% |
$870,337 |
1.24% |
1.24% |
1.23% |
(1.18)% |
0% |
(0.42) |
$7.85 |
(0.29)% |
$1,445,072 |
1.22% |
1.22% |
1.22% |
(0.46)% |
0% |
(0.26) |
$8.30 |
1.80% |
$2,315,083 |
1.21% |
1.21% |
1.20% |
1.00% |
0% |
— |
$8.41 |
(8.88)% |
$4,254,642 |
1.16% |
1.16% |
1.16% |
0.62% |
0% |
|
|
|
|
|
|
|
|
|
(1.09) |
$8.63 |
35.04% |
$64,180 |
1.53% |
1.52% |
1.50% |
0.01% |
0% |
(0.47) |
$7.20 |
(1.31)% |
$48,894 |
1.47% |
1.47% |
1.47% |
(1.41)% |
0% |
(0.32) |
$7.78 |
(0.60)% |
$367,278 |
1.49% |
1.49% |
1.49% |
(0.72)% |
0% |
(0.24) |
$8.16 |
1.56% |
$1,506,755 |
1.49% |
1.49% |
1.48% |
0.71% |
0% |
— |
$8.27 |
(9.12)% |
$1,811,668 |
1.45% |
1.45% |
1.45% |
0.30% |
0% |
|
|
|
|
|
|
|
|
|
(1.12) |
$8.72 |
35.41% |
$164,434 |
1.19% |
1.17% |
1.15% |
0.52% |
0% |
(0.51) |
$7.27 |
(0.94)% |
$100,572 |
1.15% |
1.15% |
1.15% |
(1.09)% |
0% |
(0.43) |
$7.86 |
(0.30)% |
$437,288 |
1.14% |
1.14% |
1.14% |
(0.37)% |
0% |
(0.27) |
$8.32 |
2.03% |
$580,587 |
1.14% |
1.14% |
1.13% |
1.07% |
0% |
— |
$8.42 |
(8.87)% |
$971,992 |
1.11% |
1.11% |
1.11% |
0.66% |
0% |
|
PER
SHARE OPERATING PERFORMANCE
| ||||||
|
|
Change
in Net Assets Resulting from
Operations1 |
Less
Dividends and Distributions
| ||||
|
Net
Asset
Value,
Beginning
of
Period |
Net
Investment
Income
(Loss) |
Net
Realized
and
Unrealized
Gain
(Loss) |
Net
Increase
(Decrease)
in
Net
Asset
Value
from
Operations |
Distributions
from
Net
Investment
Income |
Distributions
from
Net
Realized
Gains |
Return
of
Capital |
AQR
MANAGED FUTURES STRATEGY HV FUND CLASS I^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$6.09 |
0.01 |
3.03 |
3.04 |
(0.78) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.91 |
(0.12) |
(0.03) |
(0.15) |
(0.67) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$7.64 |
(0.06) |
(0.01) |
(0.07) |
(0.66) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$7.82 |
0.04 |
0.10 |
0.14 |
(0.32) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.14 |
0.007
|
(1.32) |
(1.32) |
— |
— |
— |
AQR
MANAGED FUTURES STRATEGY HV FUND CLASS N^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$6.12 |
(0.01) |
3.04 |
3.03 |
(0.74) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.94 |
(0.13) |
(0.04) |
(0.17) |
(0.65) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$7.56 |
(0.07) |
(0.01) |
(0.08) |
(0.54) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$7.73 |
0.02 |
0.10 |
0.12 |
(0.29) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.06 |
(0.02) |
(1.31) |
(1.33) |
— |
— |
— |
AQR
MANAGED FUTURES STRATEGY HV FUND CLASS R6^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$6.11 |
0.01 |
3.04 |
3.05 |
(0.79) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.93 |
(0.11) |
(0.03) |
(0.14) |
(0.68) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$7.66 |
(0.05) |
(0.01) |
(0.06) |
(0.67) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$7.84 |
0.05 |
0.10 |
0.15 |
(0.33) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.15 |
0.01 |
(1.32) |
(1.31) |
— |
— |
— |
AQR
MULTI-ASSET FUND CLASS I^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$10.54 |
0.25 |
(1.36) |
(1.11) |
(0.60) |
(0.00)7
|
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.81 |
0.14 |
1.27 |
1.41 |
(0.57) |
(0.11) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.66 |
0.01 |
0.25 |
0.26 |
(0.11) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.51 |
0.12 |
1.67 |
1.79 |
(0.64) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.82 |
0.09 |
(0.78) |
(0.69) |
(0.28) |
(0.34) |
— |
AQR
MULTI-ASSET FUND CLASS N^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$10.51 |
0.22 |
(1.34) |
(1.12) |
(0.59) |
(0.00)7
|
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.79 |
0.11 |
1.27 |
1.38 |
(0.55) |
(0.11) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.63 |
(0.01) |
0.24 |
0.23 |
(0.07) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.49 |
0.11 |
1.65 |
1.76 |
(0.62) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.80 |
0.06 |
(0.77) |
(0.71) |
(0.26) |
(0.34) |
— |
AQR
MULTI-ASSET FUND CLASS R6^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$10.53 |
0.26 |
(1.36) |
(1.10) |
(0.61) |
(0.00)7
|
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$9.80 |
0.16 |
1.26 |
1.42 |
(0.58) |
(0.11) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$9.65 |
0.02 |
0.25 |
0.27 |
(0.12) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$8.51 |
0.04 |
1.75 |
1.79 |
(0.65) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$9.83 |
0.09 |
(0.78) |
(0.69) |
(0.29) |
(0.34) |
— |
|
|
|
RATIOS/SUPPLEMENTAL
DATA
| |||||
|
|
|
|
Ratios
to Average Net Assets of:*
|
| |||
Total
Distributions |
Net
Asset
Value,
End
of
Period |
Total
Return2,3 |
Net
Assets,
End
of Period
(000’s) |
Expenses,
Before
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers
(Excluding
Dividend
Short
Expense &
Interest
Expense)4 |
Net
Investment
Income
(Loss) |
Portfolio
Turnover
Rate5 |
|
|
|
|
|
|
|
|
|
(0.78) |
$8.35 |
50.00% |
$131,821 |
1.93%12
|
1.66% |
1.65% |
0.12% |
0% |
(0.67) |
$6.09 |
(2.11)% |
$37,100 |
1.94% |
1.71% |
1.70% |
(1.65)% |
0% |
(0.66) |
$6.91 |
(0.65)% |
$90,075 |
1.76% |
1.66% |
1.65% |
(0.83)% |
0% |
(0.32) |
$7.64 |
1.81% |
$159,510 |
1.70% |
1.64% |
1.64% |
0.50% |
0% |
— |
$7.82 |
(14.44)% |
$244,569 |
1.65% |
1.64% |
1.64% |
0.00% |
0% |
|
|
|
|
|
|
|
|
|
(0.74) |
$8.41 |
49.52% |
$4,923 |
2.17%12
|
1.91% |
1.90% |
(0.06)% |
0% |
(0.65) |
$6.12 |
(2.34)% |
$2,325 |
2.20% |
1.96% |
1.95% |
(1.91)% |
0% |
(0.54) |
$6.94 |
(0.80)% |
$3,141 |
1.99% |
1.91% |
1.90% |
(0.87)% |
0% |
(0.29) |
$7.56 |
1.55% |
$31,794 |
1.96% |
1.90% |
1.90% |
0.26% |
0% |
— |
$7.73 |
(14.68)% |
$59,231 |
1.91% |
1.90% |
1.90% |
(0.24)% |
0% |
|
|
|
|
|
|
|
|
|
(0.79) |
$8.37 |
49.95% |
$46,323 |
1.84%12
|
1.56% |
1.55% |
0.07% |
0% |
(0.68) |
$6.11 |
(1.92)% |
$20,134 |
1.84% |
1.60% |
1.59% |
(1.55)% |
0% |
(0.67) |
$6.93 |
(0.49)% |
$25,354 |
1.65% |
1.56% |
1.55% |
(0.65)% |
0% |
(0.33) |
$7.66 |
1.93% |
$95,310 |
1.61% |
1.55% |
1.55% |
0.59% |
0% |
— |
$7.84 |
(14.32)% |
$181,404 |
1.56% |
1.55% |
1.55% |
0.12% |
0% |
|
|
|
|
|
|
|
|
|
(0.60) |
$8.83 |
(10.52)% |
$94,401 |
1.19% |
1.00% |
0.80% |
2.52% |
179% |
(0.68) |
$10.54 |
14.34% |
$104,649 |
1.15% |
0.97% |
0.80% |
1.35% |
125% |
(0.11) |
$9.81 |
2.68% |
$120,287 |
1.20% |
1.04% |
0.87% |
0.10% |
187% |
(0.64) |
$9.66 |
21.05% |
$119,488 |
1.47% |
1.34% |
0.93% |
1.31% |
233% |
(0.62) |
$8.51 |
(6.96)% |
$217,406 |
0.93% |
0.92% |
0.92% |
0.96% |
21% |
|
|
|
|
|
|
|
|
|
(0.59) |
$8.80 |
(10.70)% |
$8,931 |
1.44% |
1.25% |
1.05% |
2.24% |
179% |
(0.66) |
$10.51 |
14.06% |
$5,855 |
1.40% |
1.22% |
1.05% |
1.03% |
125% |
(0.07) |
$9.79 |
2.41% |
$5,585 |
1.46% |
1.31% |
1.14% |
(0.08)% |
187% |
(0.62) |
$9.63 |
20.67% |
$11,366 |
1.74% |
1.61% |
1.20% |
1.13% |
233% |
(0.60) |
$8.49 |
(7.23)% |
$12,303 |
1.20% |
1.18% |
1.18% |
0.68% |
21% |
|
|
|
|
|
|
|
|
|
(0.61) |
$8.82 |
(10.43)% |
$39,671 |
1.09% |
0.90% |
0.70% |
2.67% |
179% |
(0.69) |
$10.53 |
14.48% |
$16,943 |
1.05% |
0.87% |
0.70% |
1.51% |
125% |
(0.12) |
$9.80 |
2.78% |
$12,202 |
1.08% |
0.92% |
0.75% |
0.20% |
187% |
(0.65) |
$9.65 |
21.07% |
$4,691 |
1.38% |
1.26% |
0.85% |
0.48% |
233% |
(0.63) |
$8.51 |
(6.94)% |
$24,925 |
0.86% |
0.85% |
0.85% |
0.98% |
21% |
|
PER
SHARE OPERATING PERFORMANCE
| ||||||
|
|
Change
in Net Assets Resulting from
Operations1 |
Less
Dividends and Distributions
| ||||
|
Net
Asset
Value,
Beginning
of
Period |
Net
Investment
Income
(Loss) |
Net
Realized
and
Unrealized
Gain
(Loss) |
Net
Increase
(Decrease)
in
Net
Asset
Value
from
Operations |
Distributions
from
Net
Investment
Income |
Distributions
from
Net
Realized
Gains |
Return
of
Capital |
AQR
RISK-BALANCED COMMODITIES STRATEGY FUND CLASS I^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$8.08 |
0.03 |
1.68 |
1.71 |
(0.85) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.85 |
(0.08) |
2.78 |
2.70 |
(1.47) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$6.33 |
(0.01) |
0.54 |
0.53 |
— |
(0.01) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$5.65 |
0.06 |
0.95 |
1.01 |
(0.33) |
— |
(0.00)7
|
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$6.90 |
0.05 |
(1.26) |
(1.21) |
(0.04) |
— |
— |
AQR
RISK-BALANCED COMMODITIES STRATEGY FUND CLASS N^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.94 |
0.01 |
1.64 |
1.65 |
(0.83) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.75 |
(0.10) |
2.74 |
2.64 |
(1.45) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$6.25 |
(0.03) |
0.54 |
0.51 |
— |
(0.01) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$5.58 |
0.05 |
0.93 |
0.98 |
(0.31) |
— |
(0.00)7
|
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$6.81 |
0.03 |
(1.24) |
(1.21) |
(0.02) |
— |
— |
AQR
RISK-BALANCED COMMODITIES STRATEGY FUND CLASS R6^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$8.12 |
0.09 |
1.63 |
1.72 |
(0.86) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.87 |
(0.08) |
2.81 |
2.73 |
(1.48) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$6.35 |
(0.01) |
0.54 |
0.53 |
— |
(0.01) |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$5.66 |
0.07 |
0.95 |
1.02 |
(0.33) |
— |
(0.00)7
|
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$6.92 |
0.05 |
(1.27) |
(1.22) |
(0.04) |
— |
— |
AQR
STYLE PREMIA ALTERNATIVE FUND CLASS I^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.03 |
(0.01) |
2.16 |
2.15 |
(1.70) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.36 |
(0.10) |
1.67 |
1.57 |
(0.90) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.15 |
(0.06) |
(1.73) |
(1.79) |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.02 |
0.026
|
(0.76) |
(0.74) |
(0.13) |
— |
(0.00)7
|
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$10.38 |
0.01 |
(1.28) |
(1.27) |
(0.09) |
— |
— |
AQR
STYLE PREMIA ALTERNATIVE FUND CLASS N^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$6.98 |
(0.03) |
2.14 |
2.11 |
(1.68) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.32 |
(0.12) |
1.66 |
1.54 |
(0.88) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.12 |
(0.08) |
(1.72) |
(1.80) |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.00 |
0.006,7
|
(0.75) |
(0.75) |
(0.13) |
— |
(0.00)7
|
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$10.35 |
(0.02) |
(1.28) |
(1.30) |
(0.05) |
— |
— |
AQR
STYLE PREMIA ALTERNATIVE FUND CLASS R6^ | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$7.06 |
(0.01) |
2.17 |
2.16 |
(1.70) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2021 |
$6.38 |
(0.10) |
1.69 |
1.59 |
(0.91) |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2020 |
$8.17 |
(0.05) |
(1.74) |
(1.79) |
— |
— |
— |
FOR
THE YEAR ENDED DECEMBER 31, 2019 |
$9.03 |
0.036
|
(0.76) |
(0.73) |
(0.13) |
— |
(0.00)7
|
FOR
THE YEAR ENDED DECEMBER 31, 2018 |
$10.41 |
0.02 |
(1.30) |
(1.28) |
(0.10) |
— |
— |
AQR
SUSTAINABLE LONG-SHORT EQUITY CARBON AWARE FUND CLASS
I | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$10.08 |
(0.01) |
1.56 |
1.55 |
(0.24) |
(0.00)7
|
— |
FOR
THE PERIOD 12/16/2110-12/31/21 |
$10.00 |
(0.01) |
0.09 |
0.08 |
— |
— |
— |
AQR
SUSTAINABLE LONG-SHORT EQUITY CARBON AWARE FUND CLASS
N | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$10.08 |
(0.03) |
1.55 |
1.52 |
(0.23) |
(0.00)7
|
— |
FOR
THE PERIOD 12/16/2110-12/31/21 |
$10.00 |
(0.01) |
0.09 |
0.08 |
— |
— |
— |
AQR
SUSTAINABLE LONG-SHORT EQUITY CARBON AWARE FUND CLASS
R6 | |||||||
FOR
THE YEAR ENDED DECEMBER 31, 2022 |
$10.08 |
(0.04) |
1.61 |
1.57 |
(0.25) |
(0.00)7
|
— |
FOR
THE PERIOD 12/16/2110-12/31/21 |
$10.00 |
(0.00)7
|
0.08 |
0.08 |
— |
— |
— |
|
|
|
RATIOS/SUPPLEMENTAL
DATA
| |||||
|
|
|
|
Ratios
to Average Net Assets of:*
|
| |||
Total
Distributions |
Net
Asset
Value,
End
of
Period |
Total
Return2,3 |
Net
Assets,
End
of Period
(000’s) |
Expenses,
Before
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers4 |
Expenses,Net
of
Reimbursements
and/or
Waivers
(Excluding
Dividend
Short
Expense &
Interest
Expense)4 |
Net
Investment
Income
(Loss) |
Portfolio
Turnover
Rate5 |
|
|
|
|
|
|
|
|
|
(0.85) |
$8.94 |
21.44% |
$391,025 |
1.04% |
1.01% |
1.00% |
0.30% |
0% |
(1.47) |
$8.08 |
39.60% |
$214,957 |
1.11% |
1.01% |
1.00% |
(0.98)% |
0% |
(0.01) |
$6.85 |
8.32% |
$38,558 |
1.10% |
1.00% |
1.00% |
(0.13)% |
0% |
(0.33) |
$6.33 |
17.96% |
$105,145 |
1.06% |
0.99% |
0.99% |
1.05% |
0% |
(0.04) |
$5.65 |
(17.58)% |
$96,393 |
0.99% |
0.97% |
0.97% |
0.71% |
0% |
|
|
|
|
|
|
|
|
|
(0.83) |
$8.76 |
21.01% |
$40,199 |
1.30% |
1.26% |
1.25% |
0.07% |
0% |
(1.45) |
$7.94 |
39.33% |
$29,648 |
1.37% |
1.26% |
1.25% |
(1.23)% |
0% |
(0.01) |
$6.75 |
8.11% |
$16,188 |
1.39% |
1.25% |
1.25% |
(0.63)% |
0% |
(0.31) |
$6.25 |
17.67% |
$13,586 |
1.32% |
1.25% |
1.25% |
0.79% |
0% |
(0.02) |
$5.58 |
(17.82)% |
$17,457 |
1.27% |
1.25% |
1.25% |
0.45% |
0% |
|
|
|
|
|
|
|
|
|
(0.86) |
$8.98 |
21.45% |
$29,821 |
0.96% |
0.91% |
0.90% |
0.90% |
0% |
(1.48) |
$8.12 |
39.89% |
$3,494 |
1.02% |
0.91% |
0.90% |
(0.88)% |
0% |
(0.01) |
$6.87 |
8.29% |
$789 |
1.02% |
0.90% |
0.90% |
(0.14)% |
0% |
(0.33) |
$6.35 |
18.20% |
$148,682 |
0.97% |
0.90% |
0.90% |
1.12% |
0% |
(0.04) |
$5.66 |
(17.60)% |
$156,433 |
0.93% |
0.90% |
0.90% |
0.80% |
0% |
|
|
|
|
|
|
|
|
|
(1.70) |
$7.48 |
30.64% |
$322,368 |
1.67% |
1.63% |
1.49% |
(0.13)% |
174% |
(0.90) |
$7.03 |
24.83% |
$242,712 |
1.67% |
1.60% |
1.50% |
(1.38)% |
194% |
— |
$6.36 |
(21.96)% |
$237,379 |
1.84% |
1.78% |
1.50% |
(0.80)% |
544% |
(0.13) |
$8.15 |
(8.20)% |
$866,804 |
2.51% |
2.48% |
1.49% |
0.28%6
|
170% |
(0.09) |
$9.02 |
(12.26)% |
$1,759,075 |
2.25% |
2.24% |
1.47% |
0.09% |
345% |
|
|
|
|
|
|
|
|
|
(1.68) |
$7.41 |
30.28% |
$32,005 |
1.94% |
1.89% |
1.75% |
(0.34)% |
174% |
(0.88) |
$6.98 |
24.53% |
$19,068 |
1.92% |
1.85% |
1.75% |
(1.63)% |
194% |
— |
$6.32 |
(22.17)% |
$14,857 |
2.08% |
2.03% |
1.75% |
(1.06)% |
544% |
(0.13) |
$8.12 |
(8.33)% |
$40,665 |
2.77% |
2.74% |
1.75% |
0.02%6
|
170% |
(0.05) |
$9.00 |
(12.60)% |
$82,850 |
2.51% |
2.50% |
1.74% |
(0.22)% |
345% |
|
|
|
|
|
|
|
|
|
(1.70) |
$7.52 |
30.79% |
$483,083 |
1.59% |
1.54% |
1.40% |
(0.07)% |
174% |
(0.91) |
$7.06 |
25.04% |
$396,425 |
1.57% |
1.50% |
1.40% |
(1.28)% |
194% |
— |
$6.38 |
(21.91)% |
$390,127 |
1.74% |
1.68% |
1.40% |
(0.68)% |
544% |
(0.13) |
$8.17 |
(8.08)% |
$1,163,852 |
2.42% |
2.39% |
1.40% |
0.33%6
|
170% |
(0.10) |
$9.03 |
(12.32)% |
$1,459,422 |
2.18% |
2.17% |
1.40% |
0.21% |
345% |
|
|
|
|
|
|
|
|
|
(0.24) |
$11.39 |
15.46% |
$9,447 |
2.91% |
1.35% |
1.30% |
(0.06)% |
0% |
— |
$10.08 |
0.80% |
$504 |
3.45%8
|
1.30% |
1.30% |
(1.29)% |
0% |
|
|
|
|
|
|
|
|
|
(0.23) |
$11.37 |
15.14% |
$5,015 |
3.12% |
1.60% |
1.55% |
(0.28)% |
0% |
— |
$10.08 |
0.80% |
$503 |
3.70%8
|
1.55% |
1.55% |
(1.54)% |
0% |
|
|
|
|
|
|
|
|
|
(0.25) |
$11.40 |
15.62% |
$10,271 |
3.41% |
1.25% |
1.20% |
(0.35)% |
0% |
— |
$10.08 |
0.80% |
$9,081 |
3.43%8
|
1.20% |
1.20% |
(1.19)% |
0% |
FUND |
NET
INVESTMENT INCOME PER SHARE |
NET
INVESTMENT INCOME RATIO |
AQR
Alternative Risk Premia Fund–Class
I |
$0.04 |
0.47% |
AQR
Alternative Risk Premia Fund–Class
N |
0.02 |
0.17 |
AQR
Alternative Risk Premia Fund–Class
R6 |
0.04 |
0.42 |
AQR
Style Premia Alternative Fund–Class
I |
0.01 |
0.16 |
AQR
Style Premia Alternative Fund–Class
N |
(0.01) |
(0.10) |
AQR
Style Premia Alternative Fund–Class
R6 |
0.02 |
0.21 |
FUND |
NET
INVESTMENT INCOME PER SHARE |
NET
INVESTMENT INCOME RATIO |
AQR
Diversified Arbitrage Fund–Class
I |
$0.04 |
0.30% |
AQR
Diversified Arbitrage Fund–Class
N |
0.03 |
0.20 |
AQR
Diversified Arbitrage Fund–Class
R6 |
0.06 |
0.43 |
FUND |
Expenses,
Before Reimbursements and/or Waivers |
|
AQR
Macro Opportunities Fund–Class
I |
2.10% |
|
AQR
Macro Opportunities Fund–Class
N |
2.38 |
|
AQR
Macro Opportunities Fund–Class
R6 |
2.02 |
|
FUND |
Expenses,
Before Reimbursements and/or Waivers |
|
AQR
Managed Futures Strategy HV Fund–Class
I |
1.87% |
|
AQR
Managed Futures Strategy HV Fund–Class
N |
2.11 |
|
AQR
Managed Futures Strategy HV Fund–Class
R6 |
1.78 |
|
1940
Act |
the
Investment Company Act of 1940, as amended |
Adviser |
AQR
Capital Management, LLC |
Advisory
Agreement |
the
investment advisory contracts under which the Adviser
serves as investment
adviser
to each Fund |
Bloomberg
Barclays U.S. Aggregate
Bond
Index |
the
Bloomberg Barclays U.S. Aggregate Bond Index (also known as Bloomberg
U.S.
Aggregate Bond Index) is a market-weighted index comprised of investment
grade
corporate bonds, mortgages and U.S. Treasury and government agency
issues
with at least one year to maturity |
Bloomberg
Commodity Total Return
Index |
the
Bloomberg Commodity Total Return Index is a broad-based index used to
represent
the most frequently-traded global commodity
futures |
Board
of Trustees |
the
Board of Trustees of the AQR Funds or any duly authorized committee
thereof,
as permitted by applicable law |
Business
Day |
each
day during which the NYSE
is open for trading |
Code |
the
Internal Revenue Code of 1986, as amended |
Convertible
security(ies) |
fixed
income securities that are convertible into common
stock |
Distributor |
ALPS
Distributors, Inc. |
Good
order |
a
purchase, exchange or redemption order is in “good order” when a Fund, its
Distributor
and/or its agent, receives all required information, including properly
completed
and signed documents |
ICE
BofA US 3-Month Treasury Bill
Index |
the
ICE BofA US 3-Month Treasury Bill Index is designed to measure the
performance
of high-quality short-term cash-equivalent
investments |
IRS |
the
Internal Revenue Service |
MSCI
World Index |
the
MSCI World Index is a free float-adjusted market capitalization index that
is
designed
to measure the performance of equities in developed markets,
including
the United States and Canada |
Mutual
fund |
an
investment company registered under the 1940
Act
that pools the money of
many
investors and invests it in a variety of securities in an effort to
achieve a
specific
objective over time |
NAV |
the
net asset value of a particular Fund |
Non-Interested
Trustee |
a
trustee of the Trust
who is not an “interested person” of the Trust,
as defined in
the
1940
Act |
NYSE |
the
New York Stock Exchange |
Rule
12b-1 Plan |
a
plan pursuant to Rule 12b-1 under the 1940
Act,
which permits a Fund to pay
distribution
and/or administrative expenses out of fund assets |
Rule
18f-4 |
Rule
18f-4
of the 1940
Act,
providing certain conditional exemptions related to a
Fund’s
investment in Derivative Transactions (as defined in the section titled
“How
the Funds Pursue Their Investment Objectives – Regulation of
Derivatives”)
from the requirements of Section 18 of the 1940
Act |
S&P
500®
Index |
the
S&P 500 Index is a capitalization-weighted index of 500 stocks that is
designed
to measure performance of the broad domestic economy through
changes
in the aggregate market value of 500 stocks representing a broad range
of
industries. The component stocks are weighted according to the total
float-
adjusted
market value of their outstanding shares |
SEC |
U.S.
Securities and Exchange
Commission |
Subsidiary |
The
AQR Managed Futures Strategy Offshore Fund Ltd., a wholly-owned and
controlled
subsidiary of the AQR Managed Futures Strategy Fund, or the AQR
Managed
Futures Strategy HV Offshore Fund Ltd., a wholly-owned and
controlled
subsidiary of the AQR Managed Futures Strategy HV Fund, or the
AQR
Risk-Balanced Commodities Strategy Offshore Fund Ltd., a wholly-owned
and
controlled subsidiary of the AQR Risk-Balanced Commodities Strategy Fund,
or
the AQR Multi-Asset Offshore Fund Ltd., a wholly-owned and controlled
subsidiary
of the AQR Multi-Asset Fund, or the AQR Style Premia Alternative
Offshore
Fund Ltd., a wholly owned and controlled subsidiary of the AQR Style
Premia
Alternative Fund, or the AQR Alternative Risk Premia Offshore Fund Ltd.,
a
wholly owned and controlled subsidiary of the AQR Alternative Risk Premia
Fund,
as applicable, each organized under the laws of the Cayman Islands as an
exempted
company. |
Sub-Adviser |
AQR
Arbitrage, LLC |
Total
return |
the
percentage change, over a specified time period, in a mutual
fund’s NAV,
assuming
the reinvestment of all distributions of dividends and capital
gains |
Tracking
Risk |
a
measure of how closely a portfolio follows the index to which it is
benchmarked.
It
measures the standard deviation of the difference between the portfolio
and
index returns |
Transfer
Agent |
ALPS
Fund Services, Inc. |
Trust |
AQR
Funds, a Delaware statutory trust |
Volatility |
a
statistical measure of the dispersion of returns of a security or fund or
index, as
measured
by the annualized standard deviation of its returns. Higher volatility
generally
indicates higher risk |