AQR International Equity Mutual Fund June 30, 2021
Portfolio Exposures
NAV: $118,677,521
Asset Class Security Description Exposure Quantity
Equity 3i Group PLC 129,311 7,980
Equity A P Moller Maersk Ord Shs Class B 577,784 201
Equity Abrdn Ord Shs 89,030 23,781
Equity Adecco Group Ord Shs 523,703 7,701
Equity Adyen Ord Shs 715,959 293
Equity Ageas Ord Shs 477,690 8,607
Equity Aisin Ord Shs 710,424 16,600
Equity Alcon Ord Shs 120,400 1,718
Equity Anglo American Ord Shs 880,071 22,178
Equity ANHEUSER-BUSCH INBEV 66,994 929
Equity Antofagasta Ord Shs 117,100 5,905
Equity Ascendas Real Estate Investment Trust Units 118,557 54,022
Equity Ashtead Group Ord Shs 67,358 909
Equity ASML Holding Ord Shs 2,670,798 3,887
Equity Assicurazioni Generali Ord Shs 176,179 8,788
Equity ASX Ord Shs 89,028 1,526
Equity Atlas Copco Ord Shs Class B 124,653 2,369
Equity Atos Ord Shs 1,195,380 19,649
Equity Aurizon Holdings Ord Shs 456,727 163,538
Equity Australia and New Zealand Banking Group Ord Shs 193,457 9,154
Equity Aviva Ord Shs 1,354,226 241,511
Equity BAE Systems Ord Shs 182,522 25,311
Equity Baloise Holding Ord Shs 92,417 592
Equity Banco Bilbao Vizcaya Argentaria Ord Shs 283,062 45,656
Equity Banco Santander Ord Shs 438,620 114,882
Equity Barclays Ord Shs 465,197 196,789
Equity Barratt Developments Ord Shs 251,150 26,151
Equity BGP HOLDINGS PLC 1 143,427
Equity BHP BILLITON 730,263 20,027
Equity BHP Group Ord Shs 1,600,419 54,390
Equity Biomerieux Ord Shs 81,585 702
Equity Bluescope Steel Ord Shs 1,106,852 67,137
Equity BMW Ord Shs 1,409,169 13,305
Equity BNP Paribas Ord Shs 457,260 7,293
Equity BOC Hong Kong Holdings Ord Shs 135,722 40,000
Equity Bouygues Ord Shs 233,507 6,313
Equity BP 371,550 85,383
Equity Brambles Ord Shs 38,812 4,519 rrid-4204832 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR International Equity Mutual Fund
Equity Brenntag Ord Shs 702,416 7,553
Equity Brother Industries Ord Shs 1,012,222 50,675
Equity Bunzl Ord Shs 63,761 1,932
Equity CapitaLand Integrated Commercial Trust 108,126 69,542
Equity Carrefour Ord Shs 1,265,351 64,335
Equity Cheung Kong Infrastructure Holdings Ord Shs 70,334 11,797
Equity Chubu Electric Power Ord Shs 44,047 3,600
Equity CK Hutchison Holdings Ord Shs 1,331,976 170,974
Equity CLP Holdings Ord Shs 192,844 19,500
Equity CNP Assurances Ord Shs 287,820 16,913
Equity Coles Group Ord Shs 46,163 3,598
Equity Coloplast Ord Shs Class B 941,116 5,735
Equity Compagnie de Saint Gobain Ord Shs 1,335,937 20,283
Equity Compagnie Generale des Etablissements Michelin Ord Shs 365,742 2,293
Equity Credit Agricole Ord Shs 148,060 10,568
Equity Daimler Ord Shs 688,847 7,714
Equity Daito Trust Construction Ord Shs 56,924 520
Equity Daiwa House Industry Ord Shs 166,915 5,555
Equity Danske Bank Ord Shs 97,494 5,540
Equity Dassault Aviation Ord Shs 31,763 27
Equity DCC Ord Shs 108,406 1,326
Equity Deutsche Boerse Ord Shs 264,989 1,518
Equity Deutsche Post Ord Shs 529,085 7,778
Equity Deutsche Wohnen Ord Shs 201,673 3,297
Equity Dexus Stapled Units 122,408 15,281
Equity Diasorin Ord Shs 393,812 2,082
Equity Direct Line Insurance Ord Shs 148,930 37,827
Equity Disco Ord Shs 642,355 2,100
Equity Electrolux Ord Shs Class B 1,285,954 46,345
Equity Elisa Ord Shs 102,819 1,723
Equity Enagas Ord Shs 998,996 43,233
Equity Endesa Ord Shs 955,982 39,400
Equity Eneos Holdings Ord Shs 624,652 149,129
Equity Entain Ord Shs 869,884 36,075
Equity Ericsson Ord Shs Class B 384,000 30,532
Equity Etablissementen Franz Colruyt Ord Shs 31,151 557
Equity Evraz Ord Shs 1,096,220 134,042
Equity Fortescue Metals Group Ord Shs 1,121,984 64,031
Equity Fortum Ord Shs 176,869 6,412
Equity Fresenius Medical Care Ord Shs 824,375 9,925
Equity Fresenius Se and Co Kgaa Ord Shs 211,460 4,053
Equity Fujitsu Ord Shs 74,962 400
Equity GEA Group Ord Shs 320,639 7,915
Equity Geberit Ord Shs 36,038 48 rrid-4204832 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR International Equity Mutual Fund
Equity Genmab Ord Shs 228,751 559
Equity GN Store Nord Ord Shs 52,679 603
Equity Goodman Group Units 500,006 31,460
Equity GPT Group Stapled Units 135,044 36,710
Equity Groupe Bruxelles Lambert Ord Shs 95,432 853
Equity HelloFresh Ord Shs 1,407,455 14,477
Equity Hexagon Ord Shs Class B 150,165 10,128
Equity Hikari Tsushin Ord Shs 35,156 200
Equity Hirose Electric Ord Shs 117,128 800
Equity Hitachi Ord Shs 51,580 900
Equity Hochtief Ord Shs 224,560 2,924
Equity Holcim Ltd Ord Shs 1,257,764 20,948
Equity Honda Motor Ord Shs 553,338 17,300
Equity Hong Kong Exchanges and Clearing Ord Shs 460,604 7,729
Equity Hoya Ord Shs 248,442 1,872
Equity HSBC Holdings Ord Shs 88,276 15,313
Equity Hulic Ord Shs 59,611 5,293
Equity Husqvarna Ord Shs Class B 646,039 48,593
Equity Ibiden Ord Shs 334,607 6,200
Equity ICA Gruppen Ord Shs 56,959 1,223
Equity Iida Group Holdings Ord Shs 56,690 2,200
Equity ING Groep Ord Shs 347,474 26,302
Equity Investor Ord Shs Class B 251,333 10,897
Equity Ipsen Ord Shs 590,978 5,681
Equity Isuzu Motors Ord Shs 144,070 10,900
Equity Japan Metropolitan Fund Investment REIT Ord Shs 104,139 96
Equity Japan Real Estate Investment Trust Ord Shs 104,613 17
Equity JSR Ord Shs 33,300 1,100
Equity Kajima Ord Shs 1,006,273 79,379
Equity KBC Groep Ord Shs 207,638 2,723
Equity Kerry Properties Ord Shs 210,240 63,777
Equity Kingfisher Ord Shs 1,282,956 254,788
Equity Kion Group Ord Shs 109,893 1,031
Equity Knorr Bremse Ord Shs 305,526 2,656
Equity Kone Ord Shs 852,451 10,448
Equity Koninklijke Ahold Delhaize Ord Shs 1,214,254 40,842
Equity La Francaise Des Jeux Ord Shs 535,522 9,108
Equity Lanxess Ord Shs 47,038 686
Equity Lendlease Group Stapled Units 68,278 7,936
Equity Link Real Estate Investment Trust 273,632 28,239
Equity Lion Ord Shs 261,639 15,430
Equity Logitech International Ord Shs 878,754 7,246
Equity London Stock Exchange Group Ord Shs 272,501 2,475
Equity Lvmh Ord Shs 567,787 724 rrid-4204832 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR International Equity Mutual Fund
Equity M&G Ord Shs 1,211,779 383,215
Equity Makita Ord Shs 37,697 800
Equity Marubeni Ord Shs 31,336 3,600
Equity Mazda Motor Ord Shs 157,084 16,700
Equity McDonalds Holdings (Japan) Ord Shs 128,030 2,900
Equity Medipal Holdings Ord Shs 188,588 9,864
Equity Mirvac Group Stapled Units 84,912 38,734
Equity Mitsubishi Electric Ord Shs 43,585 3,000
Equity Mitsubishi Estate Ord Shs 134,086 8,284
Equity Mitsubishi Gas Chemical Ord Shs 256,021 12,061
Equity Mitsubishi Ord Shs 303,155 11,112
Equity Mitsubishi UFJ Financial Group Ord Shs 63,800 11,800
Equity Mitsui Chemicals Ord Shs 38,008 1,100
Equity Mitsui Fudosan Ord Shs 147,346 6,356
Equity Mizuho Financial Group Ord Shs 250,304 17,500
Equity NESTLE 1,273,920 10,220
Equity NGK Spark Plug Ord Shs 454,737 30,663
Equity NH Foods Ord Shs 128,444 3,300
Equity Nintendo Ord Shs 1,597,015 2,743
Equity Nippon Building Fund REIT Ord Shs 143,608 23
Equity Nippon Express Ord Shs 45,734 600
Equity Nippon Telegraph And Telephone Ord Shs 644,149 24,700
Equity Nippon Yusen Ord Shs 522,470 10,300
Equity Nitto Denko Ord Shs 69,687 933
Equity NMC Health Ord Shs 0 5,443
Equity NN Group Ord Shs 284,655 6,034
Equity Nomura Holdings Ord Shs 223,048 43,600
Equity Nomura Real Estate Holdings Ord Shs 65,531 2,581
Equity Nordea Bank Ord Shs 31,723 2,848
Equity Novartis Ord Shs 1,021,309 11,196
Equity NOVO-NORDISK 575,962 6,874
Equity Obayashi Ord Shs 1,034,420 130,023
Equity Olympus Ord Shs 233,651 11,745
Equity Ono Pharmaceutical Ord Shs 63,767 2,855
Equity Orange Ord Shs 1,054,622 92,491
Equity Origin Energy Ord Shs 129,964 38,384
Equity Panasonic Ord Shs 70,836 6,116
Equity Pandora Ord Shs 528,745 3,933
Equity Persimmon Ord Shs 151,398 3,705
Equity Pola Orbis Holdings Ord Shs 108,594 4,108
Equity Porsche Automobil Holding Pref Shs 136,948 1,278
Equity Proximus Ord Shs 549,471 28,443
Equity Prysmian Ord Shs 818,916 22,843
Equity Publicis Groupe Ord Shs 850,767 13,300 rrid-4204832 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR International Equity Mutual Fund
Equity Renesas Electronics Ord Shs 488,018 45,100
Equity Resona Holdings Ord Shs 295,664 76,816
Equity Rinnai Ord Shs 81,901 860
Equity Rio Tinto Ord Shs 293,592 3,088
Equity Rio Tinto Ord Shs 1,779,579 21,654
Equity ROCHE HOLDING 1,678,364 4,451
Equity Rohm Ord Shs 953,160 10,301
Equity ROYAL DUTCH SHELL 'B' 484,786 25,084
Equity Royal Dutch Shell Ord Shs 233,706 11,693
Equity RWE Ord Shs 1,104,738 30,483
Equity Ryohin Keikaku Ord Shs 33,589 1,600
Equity Sage Group Ord Shs 681,925 72,147
Equity SAP Ord Shs 31,428 223
Equity Scout24 N Ord Shs 55,075 653
Equity SCSK Ord Shs 89,468 1,500
Equity Seb Ord Shs 993,479 5,497
Equity Sekisui House Ord Shs 308,693 15,037
Equity Ses Sa FDR 162,853 21,317
Equity Seven & I Holdings Ord Shs 205,218 4,300
Equity SGS Ord Shs 561,939 182
Equity Shimamura Ord Shs 121,689 1,267
Equity Shimizu Ord Shs 754,948 98,347
Equity Shinsei Bank Ord Shs 123,725 9,425
Equity Singapore Exchange Ord Shs 140,736 16,921
Equity Skanska Ord Shs Class B 121,434 4,575
Equity Societe Generale Ord Shs 224,236 7,606
Equity Sodexo Ord Shs 94,637 1,014
Equity Sonic Healthcare Ord Shs 221,175 7,672
Equity Sony Group Ord Shs 233,859 2,400
Equity South32 Ord Shs 1,000,015 454,615
Equity Square Enix Hldg Ord Shs 279,447 5,629
Equity Standard Chartered PLC Ord Shs 380,434 59,737
Equity Stellantis Ord Shs 671,295 34,195
Equity Stmicroelectronics Ord Shs 589,132 16,232
Equity Stockland Stapled Units 86,458 24,713
Equity Subaru Ord Shs 852,985 43,200
Equity SUMCO Ord Shs 58,114 2,367
Equity Sumitomo Mitsui Financial Group Ord Shs 262,258 7,600
Equity Sumitomo Ord Shs 64,352 4,800
Equity Sumitomo Realty & Development Ord Shs 133,991 3,746
Equity Suncorp Group Ord Shs 391,594 46,949
Equity Suzuken Ord Shs 5,279 180
Equity Suzuki Motor Ord Shs 122,830 2,900
Equity Svenska Handelsbanken Ord Shs Class A 619,511 54,869 rrid-4204832 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR International Equity Mutual Fund
Equity Swedbank Ord Shs Class A 459,520 24,679
Equity Swire Pacific Ord Shs A 233,899 34,500
Equity Swiss Life Holding Ord Shs 250,007 514
Equity Swisscom Ord Shs 120,571 211
Equity Symrise Ord Shs 170,138 1,221
Equity Tabcorp Holdings Ord Shs 47,499 12,214
Equity Taiheiyo Cement Ord Shs 310,515 14,142
Equity Taisei Ord Shs 661,523 20,171
Equity Tele2 Ord Shs Class B 114,035 8,364
Equity Telecom Italia Ord Shs 762,956 1,535,823
Equity Telefonica Deutschland Holding Ord Shs 30,281 11,476
Equity Terumo Ord Shs 206,867 5,100
Equity The Swatch Group Ord Shs 760,579 2,215
Equity Tohoku Electric Power Ord Shs 47,031 6,000
Equity Tokyo Electric Power Holdings Ord Shs 527,453 177,400
Equity Toto Ord Shs 31,084 600
Equity Toyota Motor Ord Shs 87,485 1,000
Equity Toyota Tsusho Ord Shs 126,957 2,684
Equity UBS Group Ord Shs 184,378 12,036
Equity Unibail Rodamco WE Stapled Units 116,075 1,341
Equity Unicredit Ord Shs 282,768 23,964
Equity Uniper Ord Shs 874,993 23,755
Equity Valeo Ord Shs 83,068 2,761
Equity Veolia Environ. Ord Shs 98,559 3,263
Equity VODAFONE 181,773 108,440
Equity Volkswagen Non-Voting Pref Shs 345,638 1,380
Equity Vonovia Ord Shs 302,199 4,674
Equity Wartsila Ord Shs 485,927 32,741
Equity Westpac Banking Corporation Ord Shs 215,432 11,118
Equity WH Group Ord Shs 707,572 787,235
Equity Wilmar International Ord Shs 38,499 11,500
Equity Wolters Kluwer Ord Shs 102,479 1,020
Equity Yamada Holdings Ord Shs 654,018 141,500
Equity Yamaha Motor Ord Shs 35,373 1,300
Equity Yamato Holdings Ord Shs 444,148 15,600
Equity AEX Index Future 5,709,909 33
Equity CAC40 Index Future 3,781,641 49
Equity DAX Index Future (5,065,022) (11)
Equity FTSE MIB Index Future 1,339,583 9
Equity FTSE100 Index Future (11,957,953) (123)
Equity Hang Seng Index Future 4,083,358 22
Equity IBEX 35 Index Future (1,778,380) (17)
Equity M7ES (522,345) (2,242)
Equity M7IT 2,603,747 18,096 rrid-4204832 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR International Equity Mutual Fund
Equity MSCI Singapore Index Future 873,437 33
Equity OMX Index Future 979,120 37
Equity OSE Japan Topix Index Future 23,289,919 133
Equity SPI 200 Index Future (5,627,491) (41)
Equity TA35 Index Futures 723,068 14
Equity Swiss Market Index Swap (775,208) (6)
Currency AUD vs USD Forward 8,436,253 11,237,100
Currency CHF vs USD Forward (7,034,998) (6,502,800)
Currency DKK vs USD Forward 88,668 556,000
Currency EUR vs USD Forward 17,110,640 14,428,400
Currency GBP vs USD Forward (11,605,147) (8,400,700)
Currency HKD vs USD Forward 215,430 1,673,000
Currency ILS vs USD Forward 724,873 2,362,000
Currency JPY vs USD Forward 886,556 98,398,800
Currency NOK vs USD Forward 239,390 2,060,000
Currency NZD vs USD Forward 240,370 344,000
Currency SEK vs USD Forward 8,030,729 68,680,000
Currency SGD vs USD Forward 851,064 1,144,000
Disclosures:
© AQR Funds are distributed by ALPS Distributors, Inc. AQR Capital Management, LLC is the Investment Manager of the Funds and a federally registered investment adviser. ALPS Distributors is not affiliated with AQR Capital Management.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus or summary prospectus containing this and other important information, please call 1-866-290-2688 or visit funds.aqr.com to view or download a prospectus online. Read the prospectus carefully before you invest. There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results. © AQR Funds. All rights reserved. AQR008066 1/31/2023
Holdings are subject to change.
The information set forth herein has been obtained or derived from sources believed by AQR Capital Management, LLC ("AQR") to be reliable. However, AQR does not make any representation or warranty, express or implied, as to the information's accuracy or completeness, nor does AQR recommend that the attached information serve as the basis of any investment decision. This document is intended exclusively for the use of the person to whom it has been delivered by AQR and it is not to be reproduced or redistributed to any other person without AQR's written consent.
rrid-4204832 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com