Transfers
to
or
from
Level
3 are
generally
due
to
a
decline
or
an
increase
in
market
activity
(e.g.,
frequency
of
trades),
which
resulted
in
a
lack
of
or
increase
in
available
market
inputs
to
determine
price.
AQR
INTERNATIONAL
MULTI-STYLE
FUND
LEVEL
1
LEVEL
2
LEVEL
3
TOTALS
ASSETS
Common
Stocks
†
..............................
$
174,230,005
$
1,060,863,990
$
–
$
1,235,093,995
Preferred
Stocks
†
..............................
–
1,972,558
–
1,972,558
Rights
†
......................................
25,922
–
–
25,922
Warrants
†
....................................
–
–
–
(a)
–
(a)
Investment
Companies
.........................
42,491,890
–
–
42,491,890
Total
Assets
$
216,747,817
$
1,062,836,548
$
–
(a)
$
1,279,584,365
–
–
–
–
LIABILITIES
Common
Stocks
(Sold
Short)
†
....................
$
(
41,983,802
)
$
(
244,587,819
)
$
–
$
(
286,571,621
)
Futures
Contracts
*
.............................
(
63,417
)
–
–
(
63,417
)
Total
Liabilities
$
(
42,047,219
)
$
(
244,587,819
)
$
–
$
(
286,635,038
)
AQR
EMERGING
MULTI-STYLE
II
FUND
LEVEL
1
LEVEL
2
LEVEL
3
TOTALS
ASSETS
Common
Stocks
†
..............................
$
68,019,661
$
622,562,096
$
–
(a)
$
690,581,757
Preferred
Stocks
†
..............................
11,148,603
–
–
11,148,603
Investment
Companies
.........................
56,547,087
–
–
56,547,087
Total
Assets
$
135,715,351
$
622,562,096
$
–
(a)
$
758,277,447
–
–
–
–
LIABILITIES
Futures
Contracts
*
.............................
$
(
529,290
)
$
–
$
–
$
(
529,290
)
Total
Liabilities
$
(
529,290
)
$
–
$
–
$
(
529,290
)
AQR
LARGE
CAP
DEFENSIVE
STYLE
FUND
LEVEL
1
LEVEL
2
LEVEL
3
TOTALS
ASSETS
Common
Stocks
..............................
$
1,397,648,271
$
–
$
–
$
1,397,648,271
Investment
Companies
.........................
18,408,301
–
–
18,408,301
Futures
Contracts
*
.............................
60,970
–
–
60,970
Total
Assets
$
1,416,117,542
$
–
$
–
$
1,416,117,542
–
–
–
–
LIABILITIES
Common
Stocks
(Sold
Short)
.....................
$
(
330,780,104
)
$
–
$
–
$
(
330,780,104
)
Total
Liabilities
$
(
330,780,104
)
$
–
$
–
$
(
330,780,104
)
AQR
GLOBAL
FUND
LEVEL
1
LEVEL
2
LEVEL
3
TOTALS
ASSETS
Common
Stocks
†
..............................
$
537,963,587
$
181,003,290
$
–
(a)
$
718,966,877
Preferred
Stocks
†
..............................
–
245,557
–
245,557
Investment
Companies
.........................
42,512,232
–
–
42,512,232
Total
Return
Swap
Contracts
*
.....................
–
1,362,707
–
1,362,707
Futures
Contracts
*
.............................
2,426,765
–
–
2,426,765
Forward
Foreign
Currency
Exchange
Contracts
*
......
–
9,968,349
–
9,968,349
Total
Assets
$
582,902,584
$
192,579,903
$
–
(a)
$
775,482,487
–
–
–
–
LIABILITIES
Common
Stocks
(Sold
Short)
†
....................
$
(
132,426,731
)
$
(
37,817,328
)
$
–
$
(
170,244,059
)
Total
Return
Swap
Contracts
*
.....................
–
(
425,944
)
–
(
425,944
)
Futures
Contracts
*
.............................
(
378,453
)
–
–
(
378,453
)
Forward
Foreign
Currency
Exchange
Contracts
*
......
–
(
10,215,800
)
–
(
10,215,800
)
Total
Liabilities
$
(
132,805,184
)
$
(
48,459,072
)
$
–
$
(
181,264,256
)
*
Derivative
instruments,
including
total
return
swap,
futures
and
forward
foreign
currency
exchange
contracts,
are
reported
at
the
cumulative
unrealized
appreciation
(depreciation)
of
the
instrument
on
the
Funds’
Schedules
of
Investments.
†
Please
refer
to
the
Schedule
of
Investments
to
view
securities
segregated
by
country.
(a)
Securities
have
zero
value.