AQR International Multi-Style Fund Class N (QICNX)

Overview

The company is focused on providing investors with exposure to a diversified portfolio of non-U.S. companies through a variety of equity and equity-related investments. By allocating at least 80% of its net assets in such securities, the fund aims to achieve its investment objective under normal market conditions. The fund’s strategy encompasses a broad range of equity vehicles, 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. This approach allows the fund to tap into the potential growth and earnings of companies outside the United States, diversifying investors’ portfolios beyond domestic markets.

Products and Services

The company offers a diverse array of investment vehicles aimed at providing global exposure and diversification. Below is a detailed look at some of these offerings:

• Exchange-Traded Funds (ETFs): These are funds that are traded on stock exchanges much like individual stocks. The ETFs in the company's portfolio provide broad exposure to a variety of non-U.S. markets and sectors, allowing investors to gain widespread international diversification.
• Equity Index Futures: These financial contracts obligate the buyer to purchase an index at a future date at a predetermined price. The company uses equity index futures as a way to hedge against market volatility and to gain exposure to international markets without having to directly purchase stocks.
• Equity Index Swaps: These are contracts between two parties to exchange one stream of equity returns for another, based on a specified index. This tool is utilized by the fund to gain exposure to certain markets or sectors without needing to hold the underlying securities directly.
• Depositary Receipts: These are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange. Depositary receipts enable the fund to invest in non-U.S. companies with ease, offering a pathway to diversification through foreign equity ownership.
• Real Estate Investment Trusts (REITs) or REIT-like entities: These are companies that own, operate, or finance income-generating real estate across a range of property sectors. The fund includes REITs or REIT-like entities in its portfolio to access the potential steady income streams and growth opportunities present in the global real estate market.