ANDIX Performance — AQR International Defensive Style Fund, Class I
Data updated: 2026-05-22
ANDIX returned +2.17% year to date and +15.91% over one year to Mar 2026. Annualised returns are +10.20% over 3 years and +5.48% over 5 years. The fund trailed its International Multi-Cap Value category average: $100 invested three years ago grew to $134, against $156 for the category, and to $116 over one year, against $128. Volatility over the past three years was 11.52% a year. In the 12 months to Mar 2026 the fund lost a net $168.9M, and assets reached $93.89M.
ANDIX Growth of $100
What $100 invested in AQR International Defensive Style Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Multi-Cap Value category average over the same months.
| Period | ANDIX | Category average |
|---|---|---|
| 1 year (Apr 2025 – Mar 2026) | $116 | $128 |
| 3 years (Apr 2023 – Mar 2026) | $134 | $156 |
| 5 years (Apr 2021 – Mar 2026) | $131 | $156 |
| Since data start (Jul 2019 – Mar 2026) | $152 | $184 |
ANDIX Trailing Returns
Total returns to Mar 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.17% |
| 1 year | +15.91% |
| 3 years (annualised) | +10.20% |
| 5 years (annualised) | +5.48% |
ANDIX Annual Returns
Calendar-year total returns of AQR International Defensive Style Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Mar) | +2.17% |
| 2025 | +21.43% |
| 2024 | +2.54% |
| 2023 | +12.38% |
| 2022 | −14.26% |
| 2021 | +7.58% |
| 2020 | +8.44% |
| 2019 (Jul–Dec) | +6.43% |
ANDIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.3% | +5.3% | −6.1% | — | — | — | — | — | — | — | — | — |
| 2025 | +3.7% | +2.4% | +0.9% | +6.4% | +2.8% | +1.6% | −3.3% | +3.1% | 0.0% | −1.2% | +2.3% | +1.3% |
| 2024 | −0.9% | +1.1% | +1.9% | −3.1% | +4.5% | −1.6% | +4.5% | +4.2% | +0.3% | −4.6% | +0.3% | −3.5% |
| 2023 | +6.0% | −3.3% | +4.2% | +3.5% | −4.6% | +2.8% | +1.4% | −3.0% | −3.5% | −1.8% | +6.4% | +4.4% |
| 2022 | −5.7% | −1.0% | +0.9% | −5.2% | +0.7% | −8.0% | +4.5% | −4.8% | −8.5% | +3.5% | +11.3% | −1.3% |
| 2021 | −1.3% | −0.6% | +3.0% | +2.1% | +3.7% | −1.0% | +0.9% | +1.4% | −3.7% | +2.3% | −2.8% | +3.8% |
| 2020 | −1.6% | −7.4% | −10.1% | +6.3% | +4.3% | +2.2% | +2.3% | +3.6% | −1.2% | −3.2% | +11.1% | +3.9% |
| 2019 | — | — | — | — | — | — | −1.2% | −0.5% | +1.9% | +2.8% | +1.1% | +2.2% |
ANDIX Risk
Risk measures from monthly returns over Apr 2023 – Mar 2026.
- 3-year volatility (annualised): 11.52%
- 3-year Sharpe ratio: 0.49 (vs 4.5% risk-free rate)
- Best month: +6.44% (Nov 2023)
- Worst month: −6.09% (Mar 2026)
ANDIX Fund Flows
Monthly money in and out of AQR International Defensive Style Fund, from SEC Form N-PORT.
- 12-month net flow: −$168.9M
- 12-month gross sales (incl. reinvestments): $30.4M
- Sales ÷ redemptions: 0.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2026 | $185K | $14.4M | −$14.2M |
| Feb 2026 | $84K | $3.4M | −$3.4M |
| Jan 2026 | $194K | $5.5M | −$5.3M |
| Dec 2025 | $7.1M | $22.8M | −$15.7M |
| Nov 2025 | $802K | $118.0M | −$117.2M |
| Oct 2025 | $2.9M | $3.3M | −$401K |
| Sep 2025 | $5.5M | $7.1M | −$1.6M |
| Aug 2025 | $1.4M | $3.3M | −$1.9M |
| Jul 2025 | $2.2M | $4.2M | −$1.9M |
| Jun 2025 | $5.1M | $4.9M | $176K |
| May 2025 | $1.8M | $6.9M | −$5.1M |
| Apr 2025 | $3.2M | $5.4M | −$2.2M |
ANDIX Assets Under Management
Net assets of AQR International Defensive Style Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-03-31 | $93.89M |
| 2025-12-31 | $114.55M |
| 2025-09-30 | $253.66M |
| 2025-06-30 | $259.90M |
| 2025-03-31 | $240.71M |
| 2024-12-31 | $230.20M |
| 2024-09-30 | $249.80M |
| 2024-06-30 | $233.09M |
| 2024-03-31 | $244.82M |
| 2023-12-31 | $267.70M |
| 2023-09-30 | $254.99M |
| 2023-06-30 | $282.53M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.