QECRX — AQR Emerging Multi-Style Fund

Data updated: 2021-02-24

QECRX — AQR Emerging Multi-Style Fund. Emerging Markets Value Equity · $264.51M AUM · 0.60% expense ratio. Holdings, fees, performance and SEC filings.

QECRX Fund Overview

QECRX — AQR Emerging Multi-Style Fund is a US mutual fund managed by AQR Funds, categorised as Emerging Markets Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: AQR Funds
Category: Emerging Markets Value Equity
Assets under management: $264.51M
1-year return: 16.3%
Ticker: QECRX
SEC CIK: 0001444822
SEC series ID: S000045144
Share class ID: C000144293

QECRX Investment Objective and Strategy

AQR Emerging Multi-Style Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AQR Funds.

Investment objective

The AQR Emerging Multi-Style Fund (the “Fund”) seeks long-term capital appreciation.

Principal investment strategy

The Fund pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in equity or equity-related instruments (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps and depositary receipts) of emerging market companies. The Fund combines multiple investment styles, primarily including value, momentum and quality, using an integrated approach. In managing the Fund, the Adviser seeks to invest in attractively valued companies with positive momentum and a stable business. Companies are considered to be good value investments if they appear cheap based on multiple fundamental measures, including price-to-book and price-to-earnings ratios relative to other securities in its relevant universe at the time of purchase.

In assessing positive momentum, the Adviser favors securities with strong medium-term performance relative to other securities in its relevant universe at the time of purchase. Further, the Adviser favors stable companies in good business health, including those with strong profitability and stable earnings. The Adviser may add to or modify the economic factors employed in selecting securities. There is no guarantee that the Funds objective will be met. A company will be considered to be an emerging market company if it is organized, domiciled, or has a principal place of business in an emerging market. Emerging markets include countries that are included in the MSCI Emerging Markets Index at the time of purchase. Equity-related instruments include instruments that provide exposure to the change in value of an emerging market company.

The Fund may also invest in, and have exposure to, non-emerging market companies if the Adviser considers it advisable to achieve the Funds investment objective. The Fund generally invests in large- and mid-cap companies, which the Adviser generally considers to be those companies with market capitalizations within the range of the MSCI Emerging Markets Index at the time of purchase. Although the Fund does not limit its investments to any one country, the Fund may invest in any one country without limit. The Adviser determines the weight of each security in the portfolio using a combination of its assessment of the liquidity of the security, the attractiveness of the security based on each factor described above and additional criteria that form part of the Advisers security selection process.

The Adviser utilizes portfolio optimization techniques to determine trading activity, taking into account the transaction costs associated with trading each equity instrument. The Fund invests significantly in common stocks. The Fund may also invest in or use financial futures contracts, forward foreign currency contracts and other types of equity-linked derivative instruments such as equity swaps and equity index swaps, as well as exchange-traded-funds and similar pooled investment vehicles, for hedging purposes, to gain exposure to the equity market and to maintain liquidity to pay for redemptions. A portion of the Funds assets may be held in cash or cash-equivalent investments, including, but not limited to, short-term investment funds. To attempt to increase its income or total return, the Fund may lend its portfolio securities to certain types of eligible borrowers.

QECRX Performance

Total returns for QECRX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	16.3%

QECRX Risk Information

Risk metrics for QECRX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 27.3%

QECRX Costs and Fees

QECRX costs about $60 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.60%
Gross expense ratio: 0.75%
Portfolio turnover: 67%
Brokerage commissions: 4.63 bps of average net assets (SEC N-CEN)

QECRX Cashflows

Over the 12 months to 2020-12, AQR Emerging Multi-Style Fund had net outflows of $10.25M, from monthly SEC N-PORT filings.

Month	Net flow
2020-12	$1.77M
2020-11	$2.03M
2020-10	−$207.78K
2020-09	$10.10M
2020-08	−$53.36K
2020-07	−$8.17M

QECRX Debt Constituents

No individual debt constituents are reported in AQR Emerging Multi-Style Fund's latest SEC N-PORT filing.

QECRX Prospectus and SEC Filings

Official AQR Emerging Multi-Style Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Value Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.