AQR Sustainable Emerging Relaxed Constraint Equity UCITS Fund - RAEF EUR ACC Fonds

The Fund's investment objective is to outperform the MSCI Emerging Markets Total Return Index with Net Dividends Unhedged in USD Index (the 'Benchmark'). The Fund aims to have a longterm average forecasted tracking error (measure of the deviation from the Benchmark) of 3% to 5% relative to the Benchmark. To achieve its objective, the Fund will use various strategies based on value, momentum and additional economic factors based on stock and industry selection models. 'Value' strategies seek investments that seem to be incorrectly valued by the market and therefore have the potential to increase in value when the market corrects its error in valuation. 'Momentum' strategies seek to capture the tendency that an asset's recent performance will continue in the near future. The Fund may hold long and short positions. This means that the Fund may hold positions directly, the value of which will rise or fall based on their market value (long positions) and use financial instruments (derivatives) in order to benefit from the decline in value of investments (short positions). The Fund generally intends to target a long exposure of 130% of the Fund's net assets with a short exposure of 30% of the Fund's net assets.