AQR Large Cap Multi-Style Fund Class I (QCELX)

Overview

The fund is designed to cater to investors seeking exposure to the large-cap segment of the U.S. equity market. It implements a strategic approach to investing primarily in large-cap companies, demonstrating a preference for those entities that fall within the market capitalization range of the Russell 1000® Index at the time of investment. By allocating at least 80% of its net assets (including borrowings for investment purposes) into equity or equity-related securities, the fund offers a diversified portfolio designed to align with its investment objective under normal market conditions.

Products and Services

The fund's investment focus spans a range of equity or equity-related products and services, aimed at leveraging the growth potential of large-cap U.S. companies:

• Exchange-Traded Funds (ETFs): The fund invests in ETFs that track the performance of large-cap companies, providing diversified exposure to the leading sectors of the U.S. economy.
• Equity Index Futures: To hedge against market volatility or to speculate on future movements of specific indices, the fund may employ equity index futures. This instrument is directly tied to the performance of major market indices that represent the large-cap universe.
• Equity Index Swaps: Another tool in its arsenal is equity index swaps, which are derivative contracts through which two parties exchange cash flows based on the performance of a large-cap index. This allows the fund to gain exposure to the index without directly owning the underlying securities.
• Real Estate Investment Trusts (REITs) or REIT-like entities: Diversifying further, the fund may invest in REITs or entities similar to REITs, which own or finance income-producing real estate across a range of property sectors. This inclusion offers growth potential and income through real estate exposure.