ANDRX: AQR International Defensive Style R6

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

ANDRX AQR International Defensive Style R6


Profile

ANDRX - Profile

Vitals

  • YTD Return -10.9%
  • 3 Yr Annualized Return -1.8%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $197 M
  • Holdings in Top 10 15.2%

52 WEEK LOW AND HIGH

$12.07
$9.74
$13.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.54%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $50,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -10.9%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AQR International Defensive Style Fund
  • Fund Family Name
    AQR Funds
  • Inception Date
    Sep 02, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrea Frazzini

Fund Description

The fund pursues a "defensive" investment style, seeking to provide downside protection with upside potential through active stock selection, risk management and diversification. It pursues its objective by investing, under normal market conditions, at least 80% of its net assets (including any borrowings for investment purposes) in Equity Instruments of International Issuers.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

ANDRX - Performance

Return Ranking - Trailing

Period ANDRX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.9% -54.7% 772.6% 9.99%
1 Yr -5.3% -50.9% 823.9% 25.96%
3 Yr -1.8%* -21.7% 108.6% 19.45%
5 Yr -0.2%* -15.8% 55.2% 9.20%
10 Yr N/A* -5.7% 6.4% N/A

* Annualized

Return Ranking - Calendar

Period ANDRX Return Category Return Low Category Return High Rank in Category (%)
2019 15.4% -19.9% 38.8% 84.96%
2018 -12.4% -50.2% 0.0% 4.19%
2017 18.9% -2.4% 38.4% 85.62%
2016 1.1% -23.2% 14.4% 19.85%
2015 -3.0% -47.4% 6.8% 47.27%

Total Return Ranking - Trailing

Period ANDRX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.9% -54.7% 772.6% 9.99%
1 Yr -5.3% -50.9% 823.9% 25.96%
3 Yr -0.2%* -21.7% 108.6% 11.83%
5 Yr 1.5%* -15.8% 55.2% 5.52%
10 Yr N/A* -5.7% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period ANDRX Return Category Return Low Category Return High Rank in Category (%)
2019 15.4% -19.9% 38.8% 85.11%
2018 -10.2% -50.2% 0.0% 2.48%
2017 21.7% -0.1% 38.4% 83.28%
2016 2.7% -10.2% 14.4% 19.85%
2015 -0.8% -28.8% 7.7% 30.67%

NAV & Total Return History


Holdings

ANDRX - Holdings

Concentration Analysis

ANDRX Category Low Category High ANDRX % Rank
Net Assets 197 M 608 K 371 B 69.78%
Number of Holdings 354 1 9202 27.17%
Net Assets in Top 10 29.9 M 0 38.8 B 77.58%
Weighting of Top 10 15.19% 5.0% 100.0% 76.13%

Top 10 Holdings

  1. Ubs Money Ser 5.03%
  2. KDDI Corp 1.30%
  3. Woolworths Group Ltd 1.24%
  4. L'Oreal SA 1.16%
  5. Roche Holding AG Dividend Right Cert. 1.13%
  6. BCE Inc 1.12%
  7. Telstra Corp Ltd 1.09%
  8. Nestle SA 1.05%
  9. SoftBank Corp 1.05%
  10. Novo Nordisk A/S B 1.02%

Asset Allocation

Weighting Return Low Return High ANDRX % Rank
Stocks
95.01% 0.00% 105.75% 78.40%
Other
5.03% -6.16% 48.08% 6.11%
Preferred Stocks
0.00% 0.00% 1.92% 43.21%
Convertible Bonds
0.00% 0.00% 2.21% 33.56%
Bonds
0.00% -0.05% 61.46% 41.85%
Cash
-0.04% -91.67% 100.00% 94.16%

Stock Sector Breakdown

Weighting Return Low Return High ANDRX % Rank
Consumer Defense
18.27% 3.05% 30.68% 5.62%
Financial Services
13.71% 0.00% 26.57% 76.03%
Healthcare
11.93% 0.00% 30.02% 64.66%
Utilities
11.23% 0.00% 12.82% 0.96%
Consumer Cyclical
10.59% 2.80% 23.14% 31.92%
Industrials
10.41% 4.01% 34.33% 82.47%
Communication Services
10.38% 0.00% 30.04% 21.10%
Energy
4.75% 0.00% 19.78% 27.40%
Technology
4.61% 0.00% 39.35% 91.78%
Basic Materials
4.10% 0.00% 14.86% 86.03%
Real Estate
0.01% 0.00% 11.17% 82.05%

Stock Geographic Breakdown

Weighting Return Low Return High ANDRX % Rank
Non US
94.83% 0.00% 120.71% 55.30%
US
0.18% -14.96% 19.03% 91.58%

Expenses

ANDRX - Expenses

Operational Fees

ANDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.02% 19.39% 85.71%
Management Fee 0.40% 0.00% 1.35% 20.03%
12b-1 Fee N/A 0.00% 1.00% 4.49%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

ANDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ANDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ANDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 344.00% 2.86%

Distributions

ANDRX - Distributions

Dividend Yield Analysis

ANDRX Category Low Category High ANDRX % Rank
Dividend Yield 0.00% 0.00% 6.16% 36.13%

Dividend Distribution Analysis

ANDRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

ANDRX Category Low Category High ANDRX % Rank
Net Income Ratio 2.58% -1.71% 11.59% 24.93%

Capital Gain Distribution Analysis

ANDRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ANDRX - Fund Manager Analysis

Managers

Andrea Frazzini


Start Date

Tenure

Tenure Rank

Jul 09, 2012

7.81

7.8%

Andrea is a Principal on AQR’s Global Stock Selection team, focusing on research and portfolio management of the Firm’s Long/Short and Long-Only equity strategies. He is also an Adjunct Professor of Finance at New York University’s Stern School of Business. He has published in top academic journals and won several awards for his research, including the Smith Breeden Award, the Fama-DFA award, the BGI best paper award, several Bernstein Fabozzi/Jacobs Levy Awards, and the PanAgora Crowell Memorial Prize. Prior to AQR in 2008, Andrea was an associate professor of finance at the University of Chicago’s Graduate School of Business and a Research Associate at the National Bureau of Economic Research. He also served as a consultant for DKR Capital Partners and J.P. Morgan Securities and on the board of directors of the Center for Research in Security Prices at the University of Chicago. He earned a B.S. in economics from the University of Roma Tre, an M.S. in economics from the London School of Economics and a Ph.D. in economics from Yale University.

Michele Aghassi


Start Date

Tenure

Tenure Rank

Mar 16, 2016

4.13

4.1%

Michele Aghassi is a Principal at AQR Capital Management, where she serves as a portfolio manager for the firm's equity strategies. Throughout her tenure at AQR, she has been a leader in research and strategy development, contributing to the advancement of the stock selection investment process. She played a key role in launching the firm’s emerging equities strategy in 2008 and developed the proprietary robust optimization technology that AQR uses to build portfolios. In addition to her responsibilities at AQR, she serves on the Editorial Advisory Board of The Journal of Portfolio Management. Earlier in her career, Michele worked as a quantitative analyst in the proprietary equities department of D.E. Shaw & Co. Michele graduated magna cum laude from Brown University with a B.Sc. in applied mathematics and subsequently earned a Ph.D. in operations research from the Massachusetts Institute of Technology, where she was a National Science Foundation Graduate Research Fellow and an MIT Presidential Graduate Fellow.

Ronen Israel


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.33

0.3%

Ronen Israel, M.A., is a Principal of AQR Capital Management. Mr. Israel joined AQR Capital Management in 1999, is the Co-Head of Portfolio Management, Research, Risk and Trading and is a member of the firm’s Executive Committee. Prior to joining AQR, Ronen was a Senior Analyst at Quantitative Financial Strategies, Inc., a quantitative investment management firm, specializing in currencies and global macro strategies, with $2.5 billion under management. Before that, he worked as a management consultant, specializing in building out financial systems for financial services firms. Ronen received an MA in Mathematics, specializing in mathematical finance, from Columbia University, a BS in Economics from The Wharton School at the University of Pennsylvania and a BAS in Biomedical Science from the School of Engineering and Applied Science at the University of Pennsylvania.

Lars Nielsen


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.33

0.3%

Nielsen is a Principal of AQR Capital Management. Mr. Nielsen joined AQR in 2000 and currently serves as the co-head of portfolio management, research, risk and trading. He earned a B.Sc. and an M.Sc. in economics from the University of Copenhagen. Prior to joining the Adviser in 2000, he was an Analyst in the Quantitative Research Group of Danske Invest.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.27 5.44 1.0