About AIONX
AQR International Momentum Style Fund Class N is a mutual fund that systematically targets long-term capital appreciation by investing in large- and mid-cap companies outside the United States. Its core strategy revolves around the momentum investment style, identifying and selecting non-U.S. stocks exhibiting strong recent performance, as measured by indicators such as price trends, earnings announcements, and residual momentum from the past one to twelve months. The fund is broadly diversified across sectors and regions, with holdings in industries including healthcare, energy, consumer cyclical, technology, and financial services. Notable portfolio positions may include major international firms such as Novo Nordisk, Shell, and Toyota Motor Corp. By focusing on momentum—a phenomenon where stocks that have recently outperformed continue to do so—the fund seeks to capture persistent trends in global equity markets. This approach provides diversification away from traditional value and growth strategies and aims to complement other investment styles in a portfolio. Managed by AQR Capital Management, the fund is categorized as a foreign large growth fund, reflecting its orientation towards international equities with growth characteristics and a disciplined, research-driven selection process.
Fund Family AQR Funds
Category Foreign Large Growth
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol AIONX
Share Class Class N
Index MSCI World ex USA NR USD
AIONX had a total return of 33.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.90%.
