AQR Managed Futures Strategy Fund Class R6 (AQMRX)

Overview

The company described operates within the financial services sector, focusing on asset allocation among four major asset classes: commodities, currencies, fixed income, and equities. By investing in a wide array of financial instruments such as futures contracts, futures-related instruments, forwards, and swaps, the firm seeks to gain exposure to these diverse asset classes. This approach is notable for its extensive use of several hundred futures contracts and similar products, covering a broad spectrum of financial markets. Despite its comprehensive investment strategy, the fund is classified as non-diversified, indicating a concentrated investment approach in these asset classes rather than spreading investments across a wide range of securities.

Products and Services

• Commodity Futures, Forwards, and Swaps:

  Investments in physical goods or raw materials such as gold, oil, or agricultural products. These instruments allow the fund to speculate on or hedge against future price movements of these commodities.

• Currencies, Currency Futures, and Forwards:

  Engagement with the foreign exchange market, allowing for speculation on currency movements or the hedging of currency risk in international transactions.

• Equity Index Futures, Equity Swaps, and Volatility Futures:

  Exposure to stock markets and their volatility. These instruments offer a way to gain from movements in equity indexes without the need to directly own shares, and they can also be used for hedging exposure to stock market volatility.

• Bond Futures and Swaps:

  Investment in the fixed income market, specifically in government or corporate bonds. Through these futures and swaps, the fund can bet on the direction of interest rates or hedge against interest rate risk.

• Interest Rate Futures and Swaps:

  Direct exposure to variations in interest rates. This can be an attractive option for speculating on the future direction of central bank policies or safeguarding a portfolio against interest rate changes.

• Credit Default Index Swaps:

  A form of credit derivative that provides exposure to credit markets, specifically allowing investors to speculate on or hedge against the credit risk of a basket of companies or entities.