AQR International Multi-Style Fund Class I (QICLX)

Overview

This company specializes in providing investment solutions that focus on non-U.S. markets. With a primary investment strategy that includes allocating at least 80% of its net assets in equity or equity-related securities of non-U.S. companies, the fund aims to pursue its investment objective under normal market conditions. The securities in which it invests encompass a broad range, including, but not limited to, exchange-traded funds (ETFs), equity index futures, equity index swaps, depositary receipts, and real estate investment trusts (REITs) or REIT-like entities. The fund's approach signifies a commitment to diversifying investment portfolios by tapping into international markets, offering investors exposure to global opportunities.

Products and Services

• Exchange-Traded Funds (ETFs)

  ETFs selected by the fund typically represent a basket of stocks, bonds, or commodities that track an index but are traded on stock exchanges like individual stocks. These investments offer liquidity, diversification, and cost-effective exposure to international markets.

• Equity Index Futures

  These are standardized contracts to buy or sell a specific equity index at a specified future date and price. The fund utilizes equity index futures to hedge against market volatility or to gain exposure to certain indices without having to purchase the underlying assets directly.

• Equity Index Swaps

  Equity index swaps are agreements between two parties to exchange two sets of cash flows: one based on a fixed rate and the other on the return of an equity index over a set period. This tool allows the fund to gain exposure to the equity markets without owning the underlying stocks.

• Depositary Receipts

  Depositary receipts represent a type of financial instrument issued by a bank that represents shares in a foreign company, trading on a local stock exchange. The fund invests in these to gain direct exposure to non-U.S. companies without the complexities of dealing with foreign stock exchanges.

• Real Estate Investment Trusts (REITs) or REIT-like Entities

  REITs are companies that own, operate, or finance income-producing real estate across a range of property sectors. The fund's inclusion of REITs or REIT-like entities in its portfolio provides investors with an opportunity to diversify into real estate, which is often seen as a hedge against inflation.