AQR Global Equity Fund Class I (AQGIX)

Overview

The fund is designed to surpass the performance of the MSCI World Index post-expenses, with a strategic focus on controlling its tracking error relative to this benchmark. This objective guides its investment approach and the management of its portfolio. By channeling at least 80% of its net assets, including borrowed amounts for investment purposes, into a diversified collection of equity and equity-related instruments, the fund positions itself to achieve its stated goal. Investments span across companies of various market capitalizations, ensuring a broad exposure in pursuit of outperformance.

Products and Services

• Equity and Equity-Related Instruments:

  This category encompasses a wide range of investment vehicles that the fund utilizes to reach its objectives. These include but are not limited to:

  • Exchange-Traded Funds (ETFs): Investment funds traded on stock exchanges, much like stocks, which hold assets such as stocks, commodities, or bonds. ETFs offer the advantages of portfolio diversification and lower operational costs.
  • Equity Index Futures: Contracts to buy or sell a specific equity index at a predetermined future date and price. This allows the fund to speculate on or hedge against the future value of the underlying index.
  • Equity Index Swaps and Swaps on Equity Index Futures: Financial derivative instruments that enable the fund to exchange the gains or losses of an equity index with another party. This can be used to gain exposure to equity markets without directly investing in stocks.
  • Depositary Receipts: Securities representing ownership in the shares of a foreign company. This allows the fund to invest in global markets more easily.
  • Real Estate Investment Trusts (REITs) or REIT-like Entities: Companies that own, operate, or finance income-generating real estate. Investing in REITs provides the fund with exposure to the real estate sector without the need to directly own properties.