AQR Macro Opportunities Fund Class N (QGMNX)

Overview

The fund is designed to surpass the performance of the MSCI EAFE Index after accounting for expenses. It aims to maintain a close tracking error relative to this benchmark, indicating that while attempting to outperform the index, it also seeks to closely follow its performance pattern. To achieve its objectives, the fund plans to allocate at least 80% of its net assets into a diversified portfolio of equity and equity-related instruments. These can range from exchange-traded funds (ETFs) and equity index futures to swaps and a variety of other securities, demonstrating a flexible approach to capturing equity market returns across different geographies and industry sectors.

Products and Services

• Equity and Equity-Related Instruments Investment - A core strategy involving investment in a broad array of equity and equity-related instruments, which may include but are not limited to, exchange-traded funds, equity index futures, and equity-related swaps. This strategy aims to replicate or outperform the MSCI EAFE Index while maintaining a focus on minimizing the tracking error.
• Depositary Receipts - By including depositary receipts (such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs)) in its portfolio, the fund offers exposure to international equity markets, allowing investors an opportunity to benefit from global economic growth.
• Real Estate Investment Trusts (REITs) - Investment in REITs or similar securities offers the fund exposure to the real estate sector. This diversifies its portfolio by including assets that potentially offer steady income streams and capital appreciation, but with a different risk-return profile compared to traditional equities.