AQR Large Cap Defensive Style Fund Class N
AUENX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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 Class N (AUENX) is an open-end mutual fund managed by AQR Capital Management, LLC that employs a systematic investment process to construct a low-risk portfolio of U.S. large cap stocks exhibiting high quality characteristics, including stable earnings, high profit margins, and low volatility; the fund pursues total return with downside protection and upside potential through active stock selection, risk management, and quantitative analysis, targeting market-like returns with reduced volatility and enhanced performance in bear markets. Core offerings concentrate on equity securities of U.S. issuers, primarily large cap companies across sectors such as consumer staples, healthcare, industrials, financials, and technology; top holdings as of September 30, 2025, include McKesson Corp, Northrop Grumman Corp, Apple Inc, Johnson & Johnson, and Cboe Global Markets Inc, with 164 stocks, a weighted average market cap of $397 billion, P/E ratio of 24.96, and net expense ratio of 0.66%. The fund, which may occasionally invest in small- and mid-cap companies at the adviser's discretion, benchmarks against the Russell 1000 Total Return Index and maintains assets under management of approximately $1.93 billion as of late 2025. Incepted on July 9, 2012, the fund operates from Greenwich, Connecticut, headquarters of AQR Capital Management, founded in 1998, with global offices in locations including London, Sydney, Hong Kong, and Bengaluru to serve institutional investors, financial advisors, and pension funds. Geographically, investments focus on U.S. equities (94.57% allocation), with minimal non-U.S. stock exposure (1.52%), cash equivalents, and limited purpose investments. Recent developments at AQR Capital Management include robust asset growth to $179 billion firmwide amid strong hedge fund performance in 2025, with strategies like AQR Apex up 16.2% year-to-date through November; the launch of the AQR Fusion Mutual Fund series in June 2025, comprising four new funds blending long-short equity, convexity, and market stress approaches; and estimated income and capital gain distributions announced for 2025. No specific acquisitions, partnerships, or strategic shifts directly impact AUENX, though AQR extended its expense reimbursement agreement through January 28, 2026, maintaining the adjusted expense ratio at 0.65%, while firmwide quantitative research earned recognition with the “Outstanding Article” award in March 2025. Portfolio sector exposures as of September 30, 2025, show overweight positions in consumer staples (16.82%), health care (13.77%), and industrials (15.36%) relative to the benchmark.