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AQR International Defensive Style & the AQR International Momentum Style Funds will be reorganized

https://www.sec.gov/ix?doc=/Archives/edgar/data/1444822/000119312526072024/d73476d497.htm#fact-identifier-8

The Board of Trustees of the AQR Funds (the “Trust”) has approved an Agreement and Plan of Reorganization pursuant to which the AQR International Defensive Style Fund and the AQR International Momentum Style Fund (each, a “Target Fund”) will reorganize into the AQR International Multi-Style Fund (the “Acquiring Fund”). The transaction is referred to as the “Reorganization.”

The Reorganization does not require any action by shareholders of the Target Funds or the Acquiring Fund, and such shareholders are not being asked to vote on the Reorganization. In connection with the Reorganization, substantially all of each Target Fund’s assets will be transferred to the Acquiring Fund in exchange for the assumption by the Acquiring Fund of certain stated liabilities of each Target Fund and shares of the Acquiring Fund. If the Reorganization is completed, then shareholders of the Target Funds will receive the same class of shares of the Acquiring Fund with the same aggregate net asset value as the Target Fund shares that such shareholders hold immediately prior to the Reorganization. The Reorganization is expected to close during the second calendar quarter of 2026 (the “Closing”)...
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