AUENX – AQR Large Cap Defensive Style N Investment Strategy | Morningstar

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Strategy

The investment seeks total return. The fund’s portfolio will be managed by both overweighting and underweighting securities, industries, and sectors relative to the Russell 1000® Total Return Index. The manager will take both long and short positions in the equity securities in which it invests, as opposed to a traditional “long-only” portfolio which does not establish short positions.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
AUENX	AQR Large Cap Defensive Style Fund Class N	No Load	Open			Jul 9, 2012	$53.08M	0.690%	Average	$2,500	−$52.98M
AUEIX	AQR Large Cap Defensive Style Fund Class I	Institutional	Open			Jul 9, 2012	$770.64M	0.360%	Low	$5M	−$500.18M
QUERX	AQR Large Cap Defensive Style Fund Class R6	Retirement, Large	Open			Sep 2, 2014	$195.99M	0.300%	Low	$50M	−$518.03M

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