QSPNX – AQR Style Premia Alternative N Investment Strategy | Morningstar

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Strategy

The investment seeks positive absolute returns. The fund pursues its investment objective by aiming to provide exposure to four separate investment styles ("Styles"): value, momentum, carry and defensive, using both "long" and "short" positions within the following asset groups ("Asset Groups"): equities, bonds, interest rates, commodities and currencies. It will achieve its exposure to any of the Asset Groups by using derivatives or holding those assets directly.

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
QSPNX	AQR Style Premia Alternative Fund Class N	No Load	Open			Oct 30, 2013	$132.29M	1.800%	High	$2,500	$38.74M
QSPIX	AQR Style Premia Alternative Fund Class I	Institutional	Open			Oct 30, 2013	$1.62B	1.530%	Above Average	$5M	$530.95M
QSPRX	AQR Style Premia Alternative Fund Class R6	Retirement, Large	Open			Sep 2, 2014	$1.66B	1.420%	High	$50M	$519.01M

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