AQR Large Cap Defensive Style Fund
AUEIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Two Greenwich Plaza Greenwich CT United States of America 06830
- IPO Date
- Jul 9, 2012
- CIK
- 0001444822
- Website
- funds.aqr.com
- Similar Companies
- Business
- AQR Large Cap Defensive Style Fund (AUEIX) is an open-end mutual fund that employs a systematic investment process to construct a low-risk portfolio primarily of U.S. large-cap equity securities exhibiting high-quality characteristics, including stable earnings, high profit margins, and low leverage; it invests at least 80% of its net assets in equity instruments of large-capitalization issuers, with the potential for occasional exposure to small- and mid-cap companies, utilizing active stock selection, risk management, and diversification to seek market-like returns with reduced volatility, downside protection during bear markets, and higher risk-adjusted returns over full market cycles compared to broad market indices such as the Russell 1000 Total Return Index. The fund offers Class I shares with a net expense ratio of 0.38% (adjusted to 0.37%), no sales loads or redemption fees, and a minimum initial investment of $5 million for individual investors; its portfolio typically holds approximately 164 stocks, with key sector overweightings in consumer staples, health care, and industrials, and underweightings in information technology, as of September 30, 2025, alongside top holdings such as McKesson, Northrop Grumman, and Apple. Managed by a team at AQR Capital Management, LLC—including principals Cliff Asness, Ph.D., Michele Aghassi, Ph.D., John Huss, Andrea Frazzini, Ph.D., and Laura Serban, Ph.D.—the fund, which commenced operations on July 9, 2012, with approximately $1.9 billion in assets under management as of late 2025, targets institutional and high-net-worth investors seeking defensive large-cap blend strategies within the U.S. equity market. AQR Capital Management, the fund's investment adviser, founded in 1998 and headquartered in Greenwich, Connecticut, operates globally with offices in locations including London, Hong Kong, Sydney, Munich, Bengaluru, and Dubai, providing quantitative, systematic investment strategies across equities, alternatives, and multi-asset solutions to institutional clients and financial advisors. In recent developments, AQR launched the AQR Fusion Mutual Fund series in June 2025, comprising four new funds—AQR LSE Fusion Fund, AQR CVX Fusion Fund, AQR MS Fusion Fund, and AQR MS Fusion HV Fund—that combine U.S. equity market exposure with alpha-oriented long/short alternative strategies in a tax-aware, capital-efficient portable alpha structure, marking the firm's first new U.S. mutual funds in four years and aimed at broadening access to its diversifying approaches for taxable investors. These launches reflect AQR's ongoing strategic evolution amid elevated equity valuations and macro volatility, building on its quantitative research emphasis while maintaining fee waivers for the AUEIX fund through at least January 28, 2026.