Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued U.S. large cap companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 22.07%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Information Technology, Industrials, and Consumer Staples sectors.
For sector selection, gains were primarily driven by underweights to the Health Care and Consumer Staples sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Consumer Discretionary sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Energy | |
Investment Companies | |
Consumer Staples | |
Health Care | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Financials | |
Information Technology |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
NVIDIA Corp. | |
Microsoft Corp. | |
Apple, Inc. | |
Limited Purpose Cash Investment Fund | |
Meta Platforms, Inc., Class A | |
Broadcom, Inc. | |
Amazon.com, Inc. | |
Alphabet, Inc., Class A | |
Alphabet, Inc., Class C | |
Berkshire Hathaway, Inc., Class B |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued U.S. large cap companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 21.77%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Information Technology, Industrials, and Consumer Staples sectors.
For sector selection, gains were primarily driven by underweights to the Health Care and Consumer Staples sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Consumer Discretionary sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Energy | |
Investment Companies | |
Consumer Staples | |
Health Care | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Financials | |
Information Technology |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
NVIDIA Corp. | |
Microsoft Corp. | |
Apple, Inc. | |
Limited Purpose Cash Investment Fund | |
Meta Platforms, Inc., Class A | |
Broadcom, Inc. | |
Amazon.com, Inc. | |
Alphabet, Inc., Class A | |
Alphabet, Inc., Class C | |
Berkshire Hathaway, Inc., Class B |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued U.S. large cap companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 22.21%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Information Technology, Industrials, and Consumer Staples sectors.
For sector selection, gains were primarily driven by underweights to the Health Care and Consumer Staples sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Consumer Discretionary sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Energy | |
Investment Companies | |
Consumer Staples | |
Health Care | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Financials | |
Information Technology |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
NVIDIA Corp. | |
Microsoft Corp. | |
Apple, Inc. | |
Limited Purpose Cash Investment Fund | |
Meta Platforms, Inc., Class A | |
Broadcom, Inc. | |
Amazon.com, Inc. | |
Alphabet, Inc., Class A | |
Alphabet, Inc., Class C | |
Berkshire Hathaway, Inc., Class B |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR Small Cap Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued U.S. small-cap companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 16.48%. The Fund's broad-based benchmark, the Russell 3000® Total Return Index, and the Fund's secondary benchmark, the Russell 2000® Total Return Index, returned 17.41% and 10.76% respectively. Contributors and detractors relative to the secondary benchmark include the following:
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Health Care, Financials, Consumer Staples, and Consumer Discretionary sectors.
For sector selection, gains were primarily driven by an underweight to the Real Estate sector and an overweight to the Information Technology sector.
For stock selection within sector, gains were partially offset by losses from stock selection within the Industrials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | |||
|---|---|---|---|
9/30/2015 | $ | $ | $ |
9/30/2016 | $ | $ | $ |
9/30/2017 | $ | $ | $ |
9/30/2018 | $ | $ | $ |
9/30/2019 | $ | $ | $ |
9/30/2020 | $ | $ | $ |
9/30/2021 | $ | $ | $ |
9/30/2022 | $ | $ | $ |
9/30/2023 | $ | $ | $ |
9/30/2024 | $ | $ | $ |
9/30/2025 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
Russell 3000® Total Return Index | |||
Russell 2000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Energy | |
Communication Services | |
Consumer Staples | |
Investment Companies | |
Consumer Discretionary | |
Health Care | |
Industrials | |
Information Technology | |
Financials |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Argan, Inc. | |
InterDigital, Inc. | |
Perdoceo Education Corp. | |
Sanmina Corp. | |
REV Group, Inc. | |
Credo Technology Group Holding Ltd. | |
Fresh Del Monte Produce, Inc. | |
Catalyst Pharmaceuticals, Inc. | |
Alkermes plc |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR Small Cap Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued U.S. small-cap companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 16.19%. The Fund's broad-based benchmark, the Russell 3000® Total Return Index, and the Fund's secondary benchmark, the Russell 2000® Total Return Index, returned 17.41% and 10.76% respectively. Contributors and detractors relative to the secondary benchmark include the following:
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Health Care, Financials, Consumer Staples, and Consumer Discretionary sectors.
For sector selection, gains were primarily driven by an underweight to the Real Estate sector and an overweight to the Information Technology sector.
For stock selection within sector, gains were partially offset by losses from stock selection within the Industrials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | |||
|---|---|---|---|
9/30/2015 | $ | $ | $ |
9/30/2016 | $ | $ | $ |
9/30/2017 | $ | $ | $ |
9/30/2018 | $ | $ | $ |
9/30/2019 | $ | $ | $ |
9/30/2020 | $ | $ | $ |
9/30/2021 | $ | $ | $ |
9/30/2022 | $ | $ | $ |
9/30/2023 | $ | $ | $ |
9/30/2024 | $ | $ | $ |
9/30/2025 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
Russell 3000® Total Return Index | |||
Russell 2000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Energy | |
Communication Services | |
Consumer Staples | |
Investment Companies | |
Consumer Discretionary | |
Health Care | |
Industrials | |
Information Technology | |
Financials |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Argan, Inc. | |
InterDigital, Inc. | |
Perdoceo Education Corp. | |
Sanmina Corp. | |
REV Group, Inc. | |
Credo Technology Group Holding Ltd. | |
Fresh Del Monte Produce, Inc. | |
Catalyst Pharmaceuticals, Inc. | |
Alkermes plc |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR Small Cap Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued U.S. small-cap companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 16.57%. The Fund's broad-based benchmark, the Russell 3000® Total Return Index, and the Fund's secondary benchmark, the Russell 2000® Total Return Index, returned 17.41% and 10.76% respectively. Contributors and detractors relative to the secondary benchmark include the following:
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Health Care, Financials, Consumer Staples, and Consumer Discretionary sectors.
For sector selection, gains were primarily driven by an underweight to the Real Estate sector and an overweight to the Information Technology sector.
For stock selection within sector, gains were partially offset by losses from stock selection within the Industrials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | |||
|---|---|---|---|
9/30/2015 | $ | $ | $ |
9/30/2016 | $ | $ | $ |
9/30/2017 | $ | $ | $ |
9/30/2018 | $ | $ | $ |
9/30/2019 | $ | $ | $ |
9/30/2020 | $ | $ | $ |
9/30/2021 | $ | $ | $ |
9/30/2022 | $ | $ | $ |
9/30/2023 | $ | $ | $ |
9/30/2024 | $ | $ | $ |
9/30/2025 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
Russell 3000® Total Return Index | |||
Russell 2000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Energy | |
Communication Services | |
Consumer Staples | |
Investment Companies | |
Consumer Discretionary | |
Health Care | |
Industrials | |
Information Technology | |
Financials |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Argan, Inc. | |
InterDigital, Inc. | |
Perdoceo Education Corp. | |
Sanmina Corp. | |
REV Group, Inc. | |
Credo Technology Group Holding Ltd. | |
Fresh Del Monte Produce, Inc. | |
Catalyst Pharmaceuticals, Inc. | |
Alkermes plc |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR International Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued large and mid-cap non-U.S. companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 26.32%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Financials, Industrials, Health Care, and Consumer Staples sectors.
For sector selection, gains were primarily driven by an overweight to the Financials sector and underweights to the Health Care and Consumer Discretionary sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Communication Services sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Investment Companies | |
Energy | |
Consumer Staples | |
Information Technology | |
Communication Services | |
Materials | |
Consumer Discretionary | |
Health Care | |
Industrials | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Japan | |
Canada | |
United States | |
United Kingdom | |
Germany | |
France | |
Australia | |
Netherlands | |
Sweden | |
Italy | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Novartis AG (Registered) | |
Roche Holding AG | |
Rolls-Royce Holdings plc | |
ABB Ltd. (Registered) | |
Banco Santander SA | |
Barclays plc | |
Deutsche Bank AG (Registered) | |
BHP Group Ltd. | |
NatWest Group plc |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR International Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued large and mid-cap non-U.S. companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 25.97%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Financials, Industrials, Health Care, and Consumer Staples sectors.
For sector selection, gains were primarily driven by an overweight to the Financials sector and underweights to the Health Care and Consumer Discretionary sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Communication Services sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Investment Companies | |
Energy | |
Consumer Staples | |
Information Technology | |
Communication Services | |
Materials | |
Consumer Discretionary | |
Health Care | |
Industrials | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Japan | |
Canada | |
United States | |
United Kingdom | |
Germany | |
France | |
Australia | |
Netherlands | |
Sweden | |
Italy | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Novartis AG (Registered) | |
Roche Holding AG | |
Rolls-Royce Holdings plc | |
ABB Ltd. (Registered) | |
Banco Santander SA | |
Barclays plc | |
Deutsche Bank AG (Registered) | |
BHP Group Ltd. | |
NatWest Group plc |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR International Multi-Style Fund (the “Fund”) seeks to invest in stocks of attractively valued large and mid-cap non-U.S. companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 26.54%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Financials, Industrials, Health Care, and Consumer Staples sectors.
For sector selection, gains were primarily driven by an overweight to the Financials sector and underweights to the Health Care and Consumer Discretionary sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Communication Services sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Investment Companies | |
Energy | |
Consumer Staples | |
Information Technology | |
Communication Services | |
Materials | |
Consumer Discretionary | |
Health Care | |
Industrials | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Japan | |
Canada | |
United States | |
United Kingdom | |
Germany | |
France | |
Australia | |
Netherlands | |
Sweden | |
Italy | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Novartis AG (Registered) | |
Roche Holding AG | |
Rolls-Royce Holdings plc | |
ABB Ltd. (Registered) | |
Banco Santander SA | |
Barclays plc | |
Deutsche Bank AG (Registered) | |
BHP Group Ltd. | |
NatWest Group plc |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR Emerging Multi-Style II Fund (the “Fund”) seeks to invest in stocks of attractively valued large and mid-cap emerging countries’ companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 17.07%. The Fund's broad-based benchmark, the MSCI Emerging Net Total Return USD Index, returned 17.32%.
Top Contributors:
Top Detractors:
For stock selection within sector, losses were partially offset by gains from stock selection within the Financials, Materials, and Consumer Staples sectors.
For sector selection, losses were largely offset by gains from underweights to the Consumer Staples and Materials sectors.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology, Communication Services, Consumer Discretionary, and Energy sectors.
For sector selection, losses were primarily driven by an overweight to the Financials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
MSCI Emerging Net Total Return USD Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Consumer Staples | |
Energy | |
Investment Companies | |
Materials | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Information Technology | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
China | |
Taiwan | |
India | |
South Korea | |
United States | |
Brazil | |
South Africa | |
Saudi Arabia | |
Indonesia | |
Mexico | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Taiwan Semiconductor Manufacturing Co. Ltd. | |
Limited Purpose Cash Investment Fund | |
Tencent Holdings Ltd. | |
Alibaba Group Holding Ltd. | |
SK Hynix, Inc. | |
Samsung Electronics Co. Ltd. | |
China Construction Bank Corp., Class H | |
Xiaomi Corp., Class B | |
Banco do Brasil SA | |
Woori Financial Group, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR Emerging Multi-Style II Fund (the “Fund”) seeks to invest in stocks of attractively valued large and mid-cap emerging countries’ companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 16.74%. The Fund's broad-based benchmark, the MSCI Emerging Net Total Return USD Index, returned 17.32%.
Top Contributors:
Top Detractors:
For stock selection within sector, losses were partially offset by gains from stock selection within the Financials, Materials, and Consumer Staples sectors.
For sector selection, losses were largely offset by gains from underweights to the Consumer Staples and Materials sectors.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology, Communication Services, Consumer Discretionary, and Energy sectors.
For sector selection, losses were primarily driven by an overweight to the Financials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
MSCI Emerging Net Total Return USD Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Consumer Staples | |
Energy | |
Investment Companies | |
Materials | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Information Technology | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
China | |
Taiwan | |
India | |
South Korea | |
United States | |
Brazil | |
South Africa | |
Saudi Arabia | |
Indonesia | |
Mexico | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Taiwan Semiconductor Manufacturing Co. Ltd. | |
Limited Purpose Cash Investment Fund | |
Tencent Holdings Ltd. | |
Alibaba Group Holding Ltd. | |
SK Hynix, Inc. | |
Samsung Electronics Co. Ltd. | |
China Construction Bank Corp., Class H | |
Xiaomi Corp., Class B | |
Banco do Brasil SA | |
Woori Financial Group, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR Emerging Multi-Style II Fund (the “Fund”) seeks to invest in stocks of attractively valued large and mid-cap emerging countries’ companies that have positive momentum and stable businesses. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that rank high on a combined score of Value, Momentum, and Quality styles.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 17.15%. The Fund's broad-based benchmark, the MSCI Emerging Net Total Return USD Index, returned 17.32%.
Top Contributors:
Top Detractors:
For stock selection within sector, losses were partially offset by gains from stock selection within the Financials, Materials, and Consumer Staples sectors.
For sector selection, losses were largely offset by gains from underweights to the Consumer Staples and Materials sectors.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology, Communication Services, Consumer Discretionary, and Energy sectors.
For sector selection, losses were primarily driven by an overweight to the Financials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
MSCI Emerging Net Total Return USD Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Consumer Staples | |
Energy | |
Investment Companies | |
Materials | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Information Technology | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
China | |
Taiwan | |
India | |
South Korea | |
United States | |
Brazil | |
South Africa | |
Saudi Arabia | |
Indonesia | |
Mexico | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Taiwan Semiconductor Manufacturing Co. Ltd. | |
Limited Purpose Cash Investment Fund | |
Tencent Holdings Ltd. | |
Alibaba Group Holding Ltd. | |
SK Hynix, Inc. | |
Samsung Electronics Co. Ltd. | |
China Construction Bank Corp., Class H | |
Xiaomi Corp., Class B | |
Banco do Brasil SA | |
Woori Financial Group, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Momentum Style Fund (the “Fund”) seeks to invest in stocks of large cap U.S. companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) with positive momentum. The Fund is not actively managed to outperform a growth, value or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 19.99%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Information Technology and Consumer Staples sectors.
For sector selection, losses were partially offset by gains from an underweight to the Health Care sector.
For stock selection within sector, gains were partially offset by losses from stock selection within the Consumer Discretionary sector.
For sector selection, losses were primarily driven by an underweight to the Information Technology sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Energy | |
Utilities | |
Investment Companies | |
Consumer Staples | |
Health Care | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Financials | |
Information Technology |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
NVIDIA Corp. | |
Microsoft Corp. | |
Meta Platforms, Inc., Class A | |
Broadcom, Inc. | |
Limited Purpose Cash Investment Fund | |
Tesla, Inc. | |
JPMorgan Chase & Co. | |
Walmart, Inc. | |
Alphabet, Inc., Class A | |
Netflix, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Momentum Style Fund (the “Fund”) seeks to invest in stocks of large cap U.S. companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) with positive momentum. The Fund is not actively managed to outperform a growth, value or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 19.66%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Information Technology and Consumer Staples sectors.
For sector selection, losses were partially offset by gains from an underweight to the Health Care sector.
For stock selection within sector, gains were partially offset by losses from stock selection within the Consumer Discretionary sector.
For sector selection, losses were primarily driven by an underweight to the Information Technology sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Energy | |
Utilities | |
Investment Companies | |
Consumer Staples | |
Health Care | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Financials | |
Information Technology |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
NVIDIA Corp. | |
Microsoft Corp. | |
Meta Platforms, Inc., Class A | |
Broadcom, Inc. | |
Limited Purpose Cash Investment Fund | |
Tesla, Inc. | |
JPMorgan Chase & Co. | |
Walmart, Inc. | |
Alphabet, Inc., Class A | |
Netflix, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Momentum Style Fund (the “Fund”) seeks to invest in stocks of large cap U.S. companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) with positive momentum. The Fund is not actively managed to outperform a growth, value or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 20.05%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Information Technology and Consumer Staples sectors.
For sector selection, losses were partially offset by gains from an underweight to the Health Care sector.
For stock selection within sector, gains were partially offset by losses from stock selection within the Consumer Discretionary sector.
For sector selection, losses were primarily driven by an underweight to the Information Technology sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Energy | |
Utilities | |
Investment Companies | |
Consumer Staples | |
Health Care | |
Consumer Discretionary | |
Communication Services | |
Industrials | |
Financials | |
Information Technology |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
NVIDIA Corp. | |
Microsoft Corp. | |
Meta Platforms, Inc., Class A | |
Broadcom, Inc. | |
Limited Purpose Cash Investment Fund | |
Tesla, Inc. | |
JPMorgan Chase & Co. | |
Walmart, Inc. | |
Alphabet, Inc., Class A | |
Netflix, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR Small Cap Momentum Style Fund (the “Fund”) seeks to invest in stocks of small-cap U.S. companies with positive momentum. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 17.01%. The Fund's broad-based benchmark, the Russell 3000® Total Return Index, and the Fund's secondary benchmark, the Russell 2000® Total Return Index, returned 17.41% and 10.76% respectively. Contributors and detractors relative to the secondary benchmark include the following:
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Industrials, Information Technology, Materials, and Financials sectors.
For sector selection, losses were partially offset by gains from an underweight to the Real Estate sector.
For sector selection, losses were primarily driven by overweights to the Health Care and Financials sectors and underweights to the Utilities and Materials sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | |||
|---|---|---|---|
9/30/2015 | $ | $ | $ |
9/30/2016 | $ | $ | $ |
9/30/2017 | $ | $ | $ |
9/30/2018 | $ | $ | $ |
9/30/2019 | $ | $ | $ |
9/30/2020 | $ | $ | $ |
9/30/2021 | $ | $ | $ |
9/30/2022 | $ | $ | $ |
9/30/2023 | $ | $ | $ |
9/30/2024 | $ | $ | $ |
9/30/2025 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
Russell 3000® Total Return Index | |||
Russell 2000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Real Estate | |
Communication Services | |
Energy | |
Materials | |
Investment Companies | |
Consumer Discretionary | |
Health Care | |
Financials | |
Information Technology | |
Industrials |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Credo Technology Group Holding Ltd. | |
Kratos Defense & Security Solutions, Inc. | |
Bloom Energy Corp., Class A | |
Sterling Infrastructure, Inc. | |
IonQ, Inc. | |
Oklo, Inc. | |
Coeur Mining, Inc. | |
InterDigital, Inc. | |
EchoStar Corp., Class A |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR Small Cap Momentum Style Fund (the “Fund”) seeks to invest in stocks of small-cap U.S. companies with positive momentum. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 16.75%. The Fund's broad-based benchmark, the Russell 3000® Total Return Index, and the Fund's secondary benchmark, the Russell 2000® Total Return Index, returned 17.41% and 10.76% respectively. Contributors and detractors relative to the secondary benchmark include the following:
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Industrials, Information Technology, Materials, and Financials sectors.
For sector selection, losses were partially offset by gains from an underweight to the Real Estate sector.
For sector selection, losses were primarily driven by overweights to the Health Care and Financials sectors and underweights to the Utilities and Materials sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | |||
|---|---|---|---|
9/30/2015 | $ | $ | $ |
9/30/2016 | $ | $ | $ |
9/30/2017 | $ | $ | $ |
9/30/2018 | $ | $ | $ |
9/30/2019 | $ | $ | $ |
9/30/2020 | $ | $ | $ |
9/30/2021 | $ | $ | $ |
9/30/2022 | $ | $ | $ |
9/30/2023 | $ | $ | $ |
9/30/2024 | $ | $ | $ |
9/30/2025 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
Russell 3000® Total Return Index | |||
Russell 2000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Real Estate | |
Communication Services | |
Energy | |
Materials | |
Investment Companies | |
Consumer Discretionary | |
Health Care | |
Financials | |
Information Technology | |
Industrials |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Credo Technology Group Holding Ltd. | |
Kratos Defense & Security Solutions, Inc. | |
Bloom Energy Corp., Class A | |
Sterling Infrastructure, Inc. | |
IonQ, Inc. | |
Oklo, Inc. | |
Coeur Mining, Inc. | |
InterDigital, Inc. | |
EchoStar Corp., Class A |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR Small Cap Momentum Style Fund (the “Fund”) seeks to invest in stocks of small-cap U.S. companies with positive momentum. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 17.13%. The Fund's broad-based benchmark, the Russell 3000® Total Return Index, and the Fund's secondary benchmark, the Russell 2000® Total Return Index, returned 17.41% and 10.76% respectively. Contributors and detractors relative to the secondary benchmark include the following:
Top Contributors:
Top Detractors:
For stock selection within sector, gains were primarily driven by stock selection within the Industrials, Information Technology, Materials, and Financials sectors.
For sector selection, losses were partially offset by gains from an underweight to the Real Estate sector.
For sector selection, losses were primarily driven by overweights to the Health Care and Financials sectors and underweights to the Utilities and Materials sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | |||
|---|---|---|---|
9/30/2015 | $ | $ | $ |
9/30/2016 | $ | $ | $ |
9/30/2017 | $ | $ | $ |
9/30/2018 | $ | $ | $ |
9/30/2019 | $ | $ | $ |
9/30/2020 | $ | $ | $ |
9/30/2021 | $ | $ | $ |
9/30/2022 | $ | $ | $ |
9/30/2023 | $ | $ | $ |
9/30/2024 | $ | $ | $ |
9/30/2025 | $ | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
Russell 3000® Total Return Index | |||
Russell 2000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Real Estate | |
Communication Services | |
Energy | |
Materials | |
Investment Companies | |
Consumer Discretionary | |
Health Care | |
Financials | |
Information Technology | |
Industrials |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Credo Technology Group Holding Ltd. | |
Kratos Defense & Security Solutions, Inc. | |
Bloom Energy Corp., Class A | |
Sterling Infrastructure, Inc. | |
IonQ, Inc. | |
Oklo, Inc. | |
Coeur Mining, Inc. | |
InterDigital, Inc. | |
EchoStar Corp., Class A |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR International Momentum Style Fund (the “Fund”) seeks to invest in stocks of non-U.S. companies with positive momentum. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 21.98%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For sector selection, gains were primarily driven by an underweight to the Health Care sector and an overweight to the Financials sector.
For stock selection within sector, gains were primarily driven by stock selection within the Industrials and Materials sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Financials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Energy | |
Utilities | |
Consumer Staples | |
Materials | |
Investment Companies | |
Communication Services | |
Consumer Discretionary | |
Information Technology | |
Industrials | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Canada | |
Japan | |
Germany | |
United States | |
United Kingdom | |
France | |
Italy | |
Spain | |
Australia | |
Netherlands | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Shell plc | |
SAP SE | |
Shopify, Inc., Class A | |
UniCredit SpA | |
Royal Bank of Canada | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | |
HSBC Holdings plc | |
Rolls-Royce Holdings plc | |
Sony Group Corp. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR International Momentum Style Fund (the “Fund”) seeks to invest in stocks of non-U.S. companies with positive momentum. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 21.67%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For sector selection, gains were primarily driven by an underweight to the Health Care sector and an overweight to the Financials sector.
For stock selection within sector, gains were primarily driven by stock selection within the Industrials and Materials sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Financials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Energy | |
Utilities | |
Consumer Staples | |
Materials | |
Investment Companies | |
Communication Services | |
Consumer Discretionary | |
Information Technology | |
Industrials | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Canada | |
Japan | |
Germany | |
United States | |
United Kingdom | |
France | |
Italy | |
Spain | |
Australia | |
Netherlands | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Shell plc | |
SAP SE | |
Shopify, Inc., Class A | |
UniCredit SpA | |
Royal Bank of Canada | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | |
HSBC Holdings plc | |
Rolls-Royce Holdings plc | |
Sony Group Corp. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR International Momentum Style Fund (the “Fund”) seeks to invest in stocks of non-U.S. companies with positive momentum. The Fund is not actively managed to outperform a growth, value, or core benchmark. Rather, it seeks to provide systematic exposure to stocks that share the common characteristic of positive momentum.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 22.12%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For sector selection, gains were primarily driven by an underweight to the Health Care sector and an overweight to the Financials sector.
For stock selection within sector, gains were primarily driven by stock selection within the Industrials and Materials sectors.
For stock selection within sector, gains were partially offset by losses from stock selection within the Financials sector.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Energy | |
Utilities | |
Consumer Staples | |
Materials | |
Investment Companies | |
Communication Services | |
Consumer Discretionary | |
Information Technology | |
Industrials | |
Financials |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Canada | |
Japan | |
Germany | |
United States | |
United Kingdom | |
France | |
Italy | |
Spain | |
Australia | |
Netherlands | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Shell plc | |
SAP SE | |
Shopify, Inc., Class A | |
UniCredit SpA | |
Royal Bank of Canada | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | |
HSBC Holdings plc | |
Rolls-Royce Holdings plc | |
Sony Group Corp. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Defensive Style Fund (the “Fund”) pursues a defensive strategy in the U.S. market, meaning it seeks to participate in rising equity markets while mitigating downside risk in declining markets. In seeking this objective, the Fund invests in a broadly diversified set of large cap companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) that AQR Capital Management, LLC (“AQR”) believes exhibit measures of low risk and high quality (e.g. stable companies in good business health). The Fund also favors lower beta stocks, which tend to be less sensitive to fluctuations in the overall economy and the stock market. AQR expects lower beta stocks to produce higher risk-adjusted returns than higher beta stocks over the long term.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 6.77%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, losses were partially offset by gains from stock selection within the Health Care sector.
For sector selection, losses were primarily driven by overweights to the Consumer Staples and Health Care sectors and an underweight to the Information Technology sector.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology, Industrials, and Financials sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Investment Companies | |
Energy | |
Consumer Discretionary | |
Communication Services | |
Financials | |
Health Care | |
Information Technology | |
Industrials | |
Consumer Staples |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
McKesson Corp. | |
Northrop Grumman Corp. | |
Apple, Inc. | |
Johnson & Johnson | |
Cboe Global Markets, Inc. | |
Microsoft Corp. | |
Veeva Systems, Inc., Class A | |
Cencora, Inc. | |
Walmart, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Defensive Style Fund (the “Fund”) pursues a defensive strategy in the U.S. market, meaning it seeks to participate in rising equity markets while mitigating downside risk in declining markets. In seeking this objective, the Fund invests in a broadly diversified set of large cap companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) that AQR Capital Management, LLC (“AQR”) believes exhibit measures of low risk and high quality (e.g. stable companies in good business health). The Fund also favors lower beta stocks, which tend to be less sensitive to fluctuations in the overall economy and the stock market. AQR expects lower beta stocks to produce higher risk-adjusted returns than higher beta stocks over the long term.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 6.48%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, losses were partially offset by gains from stock selection within the Health Care sector.
For sector selection, losses were primarily driven by overweights to the Consumer Staples and Health Care sectors and an underweight to the Information Technology sector.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology, Industrials, and Financials sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Investment Companies | |
Energy | |
Consumer Discretionary | |
Communication Services | |
Financials | |
Health Care | |
Information Technology | |
Industrials | |
Consumer Staples |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
McKesson Corp. | |
Northrop Grumman Corp. | |
Apple, Inc. | |
Johnson & Johnson | |
Cboe Global Markets, Inc. | |
Microsoft Corp. | |
Veeva Systems, Inc., Class A | |
Cencora, Inc. | |
Walmart, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR Large Cap Defensive Style Fund (the “Fund”) pursues a defensive strategy in the U.S. market, meaning it seeks to participate in rising equity markets while mitigating downside risk in declining markets. In seeking this objective, the Fund invests in a broadly diversified set of large cap companies (generally companies with market capitalizations within the range of the Russell 1000® Total Return Index) that AQR Capital Management, LLC (“AQR”) believes exhibit measures of low risk and high quality (e.g. stable companies in good business health). The Fund also favors lower beta stocks, which tend to be less sensitive to fluctuations in the overall economy and the stock market. AQR expects lower beta stocks to produce higher risk-adjusted returns than higher beta stocks over the long term.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 6.84%. The Fund's broad-based benchmark, the Russell 1000® Total Return Index, returned 17.75%.
Top Contributors:
Top Detractors:
For stock selection within sector, losses were partially offset by gains from stock selection within the Health Care sector.
For sector selection, losses were primarily driven by overweights to the Consumer Staples and Health Care sectors and an underweight to the Information Technology sector.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology, Industrials, and Financials sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
Russell 1000® Total Return Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Investment Companies | |
Energy | |
Consumer Discretionary | |
Communication Services | |
Financials | |
Health Care | |
Information Technology | |
Industrials | |
Consumer Staples |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
McKesson Corp. | |
Northrop Grumman Corp. | |
Apple, Inc. | |
Johnson & Johnson | |
Cboe Global Markets, Inc. | |
Microsoft Corp. | |
Veeva Systems, Inc., Class A | |
Cencora, Inc. | |
Walmart, Inc. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR International Defensive Style Fund (the “Fund”) pursues a defensive strategy in developed markets outside of the U.S., meaning it seeks to participate in rising equity markets while mitigating downside risk in declining markets. To achieve this objective, the Fund invests in a broadly diversified set of large and mid-cap companies that AQR Capital Management, LLC (“AQR”) believes exhibit measures of low risk and high quality (e.g. stable companies in good business health). The Fund also favors lower beta stocks, which tend to be less sensitive to fluctuations in the overall economy and the stock market. AQR expects lower beta stocks to produce higher risk-adjusted returns than higher beta stocks over the long term.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 9.53%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For sector selection, losses were partially offset by gains from an overweight to the Communication Services sector.
For stock selection within sector, losses were partially offset by gains from stock selection within the Consumer Staples sector.
For sector selection, losses were primarily driven by an overweight to the Consumer Staples sector and an underweight to the Financials sector.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology and Communication Services sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Investment Companies | |
Energy | |
Consumer Discretionary | |
Information Technology | |
Health Care | |
Industrials | |
Financials | |
Communication Services | |
Consumer Staples |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Japan | |
Canada | |
United Kingdom | |
United States | |
France | |
Australia | |
Germany | |
Switzerland | |
Netherlands | |
Singapore | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Wheaton Precious Metals Corp. | |
Telstra Group Ltd. | |
Novartis AG (Registered) | |
Industria de Diseno Textil SA | |
Swisscom AG (Registered) | |
British American Tobacco plc | |
Loblaw Cos. Ltd. | |
Power Assets Holdings Ltd. | |
Oversea-Chinese Banking Corp. Ltd. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR International Defensive Style Fund (the “Fund”) pursues a defensive strategy in developed markets outside of the U.S., meaning it seeks to participate in rising equity markets while mitigating downside risk in declining markets. To achieve this objective, the Fund invests in a broadly diversified set of large and mid-cap companies that AQR Capital Management, LLC (“AQR”) believes exhibit measures of low risk and high quality (e.g. stable companies in good business health). The Fund also favors lower beta stocks, which tend to be less sensitive to fluctuations in the overall economy and the stock market. AQR expects lower beta stocks to produce higher risk-adjusted returns than higher beta stocks over the long term.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 9.18%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For sector selection, losses were partially offset by gains from an overweight to the Communication Services sector.
For stock selection within sector, losses were partially offset by gains from stock selection within the Consumer Staples sector.
For sector selection, losses were primarily driven by an overweight to the Consumer Staples sector and an underweight to the Financials sector.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology and Communication Services sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Investment Companies | |
Energy | |
Consumer Discretionary | |
Information Technology | |
Health Care | |
Industrials | |
Financials | |
Communication Services | |
Consumer Staples |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Japan | |
Canada | |
United Kingdom | |
United States | |
France | |
Australia | |
Germany | |
Switzerland | |
Netherlands | |
Singapore | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Wheaton Precious Metals Corp. | |
Telstra Group Ltd. | |
Novartis AG (Registered) | |
Industria de Diseno Textil SA | |
Swisscom AG (Registered) | |
British American Tobacco plc | |
Loblaw Cos. Ltd. | |
Power Assets Holdings Ltd. | |
Oversea-Chinese Banking Corp. Ltd. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR International Defensive Style Fund (the “Fund”) pursues a defensive strategy in developed markets outside of the U.S., meaning it seeks to participate in rising equity markets while mitigating downside risk in declining markets. To achieve this objective, the Fund invests in a broadly diversified set of large and mid-cap companies that AQR Capital Management, LLC (“AQR”) believes exhibit measures of low risk and high quality (e.g. stable companies in good business health). The Fund also favors lower beta stocks, which tend to be less sensitive to fluctuations in the overall economy and the stock market. AQR expects lower beta stocks to produce higher risk-adjusted returns than higher beta stocks over the long term.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 9.60%. The Fund's broad-based benchmark, the MSCI Daily TR Net World Ex USA Index, returned 16.03%.
Top Contributors:
Top Detractors:
For sector selection, losses were partially offset by gains from an overweight to the Communication Services sector.
For stock selection within sector, losses were partially offset by gains from stock selection within the Consumer Staples sector.
For sector selection, losses were primarily driven by an overweight to the Consumer Staples sector and an underweight to the Financials sector.
For stock selection within sector, losses were primarily driven by stock selection within the Information Technology and Communication Services sectors.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
MSCI Daily TR Net World Ex USA Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Materials | |
Investment Companies | |
Energy | |
Consumer Discretionary | |
Information Technology | |
Health Care | |
Industrials | |
Financials | |
Communication Services | |
Consumer Staples |
Geographic Allocation
Country | % of Net Assets |
|---|---|
Japan | |
Canada | |
United Kingdom | |
United States | |
France | |
Australia | |
Germany | |
Switzerland | |
Netherlands | |
Singapore | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
Wheaton Precious Metals Corp. | |
Telstra Group Ltd. | |
Novartis AG (Registered) | |
Industria de Diseno Textil SA | |
Swisscom AG (Registered) | |
British American Tobacco plc | |
Loblaw Cos. Ltd. | |
Power Assets Holdings Ltd. | |
Oversea-Chinese Banking Corp. Ltd. |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class I | $ |
How did the Fund perform over the reporting period?
The AQR Global Equity Fund (the “Fund”) seeks to outperform its benchmark in three ways: by selecting stocks within each country and by using futures and forward contracts to over- and under-weight countries and currencies relative to the benchmark.
For the one-year period ended September 30, 2025, the Class I Shares of the Fund returned 30.22%. The Fund's broad-based benchmark, the MSCI World Net Total Return USD Index, returned 17.25%.
Top Contributors:
Top Detractors:
For country selection, gains were primarily driven by an underweight to Switzerland and overweights to Spain and Italy.
For stock selection within sector, gains were primarily driven by stock selection within the Financials, Industrials, Information Technology, and Health Care sectors.
For sector selection, gains were primarily driven by an overweight to the Financials sector.
For currency selection, losses were partially offset by gains from underweights to the New Zealand dollar, the Swiss franc, and the U.S. dollar.
For country selection, gains were partially offset by losses from overweights to Sweden and the United Kingdom and an underweight to Canada.
For sector selection, gains were partially offset by losses from an overweight to the Health Care sector.
For currency selection, losses were primarily driven by overweight positions to the Japanese yen and the Australian dollar.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class I | |||
MSCI World Net Total Return USD Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Energy | |
Consumer Staples | |
Communication Services | |
Consumer Discretionary | |
Industrials | |
Health Care | |
Investment Companies | |
Financials | |
Information Technology |
Geographic Allocation
Country | % of Net Assets |
|---|---|
United States | |
Japan | |
United Kingdom | |
France | |
Germany | |
Canada | |
Italy | |
Netherlands | |
Spain | |
Australia | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
NVIDIA Corp. | |
Microsoft Corp. | |
Goldman Sachs Financial Square Funds - Treasury Instruments Fund, Institutional Shares | |
Apple, Inc. | |
Broadcom, Inc. | |
Walmart, Inc. | |
Palantir Technologies, Inc., Class A | |
Amazon.com, Inc. | |
GE Aerospace |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class N | $ |
How did the Fund perform over the reporting period?
The AQR Global Equity Fund (the “Fund”) seeks to outperform its benchmark in three ways: by selecting stocks within each country and by using futures and forward contracts to over- and under-weight countries and currencies relative to the benchmark.
For the one-year period ended September 30, 2025, the Class N Shares of the Fund returned 29.94%. The Fund's broad-based benchmark, the MSCI World Net Total Return USD Index, returned 17.25%.
Top Contributors:
Top Detractors:
For country selection, gains were primarily driven by an underweight to Switzerland and overweights to Spain and Italy.
For stock selection within sector, gains were primarily driven by stock selection within the Financials, Industrials, Information Technology, and Health Care sectors.
For sector selection, gains were primarily driven by an overweight to the Financials sector.
For currency selection, losses were partially offset by gains from underweights to the New Zealand dollar, the Swiss franc, and the U.S. dollar.
For country selection, gains were partially offset by losses from overweights to Sweden and the United Kingdom and an underweight to Canada.
For sector selection, gains were partially offset by losses from an overweight to the Health Care sector.
For currency selection, losses were primarily driven by overweight positions to the Japanese yen and the Australian dollar.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $10,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class N | |||
MSCI World Net Total Return USD Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Energy | |
Consumer Staples | |
Communication Services | |
Consumer Discretionary | |
Industrials | |
Health Care | |
Investment Companies | |
Financials | |
Information Technology |
Geographic Allocation
Country | % of Net Assets |
|---|---|
United States | |
Japan | |
United Kingdom | |
France | |
Germany | |
Canada | |
Italy | |
Netherlands | |
Spain | |
Australia | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
NVIDIA Corp. | |
Microsoft Corp. | |
Goldman Sachs Financial Square Funds - Treasury Instruments Fund, Institutional Shares | |
Apple, Inc. | |
Broadcom, Inc. | |
Walmart, Inc. | |
Palantir Technologies, Inc., Class A | |
Amazon.com, Inc. | |
GE Aerospace |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.
Class
What were the Fund's costs for the last year?
(based on a hypothetical $10,000 investment)
Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|---|---|
Class R6 | $ |
How did the Fund perform over the reporting period?
The AQR Global Equity Fund (the “Fund”) seeks to outperform its benchmark in three ways: by selecting stocks within each country and by using futures and forward contracts to over- and under-weight countries and currencies relative to the benchmark.
For the one-year period ended September 30, 2025, the Class R6 Shares of the Fund returned 30.38%. The Fund's broad-based benchmark, the MSCI World Net Total Return USD Index, returned 17.25%.
Top Contributors:
Top Detractors:
For country selection, gains were primarily driven by an underweight to Switzerland and overweights to Spain and Italy.
For stock selection within sector, gains were primarily driven by stock selection within the Financials, Industrials, Information Technology, and Health Care sectors.
For sector selection, gains were primarily driven by an overweight to the Financials sector.
For currency selection, losses were partially offset by gains from underweights to the New Zealand dollar, the Swiss franc, and the U.S. dollar.
For country selection, gains were partially offset by losses from overweights to Sweden and the United Kingdom and an underweight to Canada.
For sector selection, gains were partially offset by losses from an overweight to the Health Care sector.
For currency selection, losses were primarily driven by overweight positions to the Japanese yen and the Australian dollar.
The Fund's past performance is not a good predictor of the Fund's future performance. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Call 1-866-290-2688 or visit https://funds.aqr.com for current month-end performance.
Total Return based on a $50,000,000 Investment
Class | ||
|---|---|---|
9/30/2015 | $ | $ |
9/30/2016 | $ | $ |
9/30/2017 | $ | $ |
9/30/2018 | $ | $ |
9/30/2019 | $ | $ |
9/30/2020 | $ | $ |
9/30/2021 | $ | $ |
9/30/2022 | $ | $ |
9/30/2023 | $ | $ |
9/30/2024 | $ | $ |
9/30/2025 | $ | $ |
Average Annual Total Returns
1 Year | 5 Year | 10 Year | |
|---|---|---|---|
Class R6 | |||
MSCI World Net Total Return USD Index |
Key Fund Statistics
- Net Assets$
- Total Number of Portfolio Holdings
- Total Advisory Fees Paid (net of reimbursements)$
- Portfolio Turnover Rate (excludes derivatives, if any)
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund as of September 30, 2025, excluding derivatives. The Fund's portfolio composition is subject to change.
Sector Allocation
Value | Value |
|---|---|
Others | |
Utilities | |
Energy | |
Consumer Staples | |
Communication Services | |
Consumer Discretionary | |
Industrials | |
Health Care | |
Investment Companies | |
Financials | |
Information Technology |
Geographic Allocation
Country | % of Net Assets |
|---|---|
United States | |
Japan | |
United Kingdom | |
France | |
Germany | |
Canada | |
Italy | |
Netherlands | |
Spain | |
Australia | |
Others |
Top 10 Holdings
Security | % of Net Assets |
|---|---|
Limited Purpose Cash Investment Fund | |
NVIDIA Corp. | |
Microsoft Corp. | |
Goldman Sachs Financial Square Funds - Treasury Instruments Fund, Institutional Shares | |
Apple, Inc. | |
Broadcom, Inc. | |
Walmart, Inc. | |
Palantir Technologies, Inc., Class A | |
Amazon.com, Inc. | |
GE Aerospace |
Availability of Additional Information
Additional information is available at 1-866-290-2688 and https://funds.aqr.com/fund-documents, including the Fund's:
• Prospectus
• Statement of Additional Information
• Portfolio Holdings
AQR Funds are distributed by ALPS Distributors, Inc.
• Financial Statements & Other Information
• Proxy Voting Report
• Updated Fund Performance
Householding
The Fund will mail only one copy of shareholder documents, annual and semi-annual, to shareholders with multiple accounts at the same address. This practice is commonly called "householding" and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailing of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Fund at 1-866-290-2688.