Spreadsheet: 2dc96849-024f-4bab-ae59-448049068f33
Sheet: Sheet1

Unnamed: 0 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4
 | AQR Multi-Strategy Alternative Fund
 | Monthly Performance History
 | Inception Date | 2011-07-19 00:00:00
 |  | Class N | Class I | ML 3-Month
 | Date | ASANX | ASAIX | T-Bill Index
** | 2011-07-31 00:00:00 | 0.007000000000000117 | 0.007000000000000117 | -6.976389282520312e-05
 | 2011-08-31 00:00:00 | -0.01489572989076471 | -0.01489572989076471 | 0.0002296555022116564
 | 2011-09-30 00:00:00 | -0.03427419354838712 | -0.03326612903225812 | 1.8891367371765e-05
 | 2011-10-31 00:00:00 | 0.01461377870563685 | 0.01459854014598538 | 2.034416514806736e-05
 | 2011-11-30 00:00:00 | 0.0102880658436213 | 0.01027749229188069 | -2.906250181733405e-06
 | 2011-12-31 00:00:00 | -0.008495268682437662 | -0.008878760466390245 | -8.718839231813824e-06
 | 2012-01-31 00:00:00 | 0.0144329896907216 | 0.0144329896907216 | -2.034416514817838e-05
 | 2012-02-29 00:00:00 | -0.00101626016260159 | -0.00101626016260159 | 2.034457904165343e-05
 | 2012-03-31 00:00:00 | -0.02136317395727372 | -0.02136317395727372 | 0.0001104397536613178
 | 2012-04-30 00:00:00 | 0.01039501039501056 | 0.01143451143451157 | 3.923084299817248e-05
 | 2012-05-31 00:00:00 | 0.005144032921810648 | 0.005138746145940232 | 0.0001307643466650354
 | 2012-06-30 00:00:00 | -0.0061412487205732 | -0.006134969325153228 | 9.007032749286381e-05
 | 2012-07-31 00:00:00 | 0.02471678681771361 | 0.02572016460905346 | 8.86095991796676e-05
 | 2012-08-31 00:00:00 | -0.008040201005025116 | -0.008024072216649913 | 0.0001307238908077046
 | 2012-09-30 00:00:00 | -0.01722391084093211 | -0.01718907987866525 | 0.0001190884217008303
 | 2012-10-31 00:00:00 | 0.008247422680412342 | 0.008230452674897082 | 8.857961855590624e-05
 | 2012-11-30 00:00:00 | 0.006134969325153339 | 0.006122448979591688 | 0.0001597195904790016
 | 2012-12-31 00:00:00 | 0.006613871590843701 | 0.006947303885713296 | 0.0001524352621959935
 | 2013-01-31 00:00:00 | 0.006066734074822833 | 0.0060606060606061 | 2.903086270933386e-06
 | 2013-02-28 00:00:00 | 0.001005025125628389 | 0.002008032128513859 | 0
 | 2013-03-31 00:00:00 | -0.009036144578313476 | -0.009018036072144242 | 0.0001567662035291129
 | 2013-04-30 00:00:00 | 0.02735562310030404 | 0.02730030333670364 | 0.0001088483553737252
 | 2013-05-31 00:00:00 | -0.0039 | -0.0039 | 0.0001
 | 2013-06-30 00:00:00 | 0.000990099009900991 | 0.001976284584980226 | 5.513983025640101e-05
 | 2013-07-31 00:00:00 | 0.001978239366963619 | 0.001972386587770991 | 8.560712135174953e-05
 | 2013-08-31 00:00:00 | -0.02467917077986181 | -0.02460629921259838 | 4.787785054571891e-05
 | 2013-09-30 00:00:00 | 0.004048583 | 0.0050454087 | 4.788e-05
 | 2013-10-31 00:00:00 | 0.0151209677 | 0.0140562249 | -3.77183e-05
 | 2013-11-30 00:00:00 | 0.01588877855014892 | 0.01683168316831685 | 5.948115027853973e-05
 | 2013-12-31 00:00:00 | 0.007005372 | 0.006921237 | 0.00013056
 | 2014-01-31 00:00:00 | -0.01331967213114749 | -0.01329243353783227 | 0.00013056
 | * Annualized for periods 1 year of greater
 | ** partial month return, inception date 7/19/2011
 | AQR Multi-Strategy Alternative Fund
 | [NAME]
 | Month-end Returns as of | Class N | Class I | ML 3-Month
 | January 31, 2014 | ASANX | ASAIX | T-Bill Index
 | 1 Year | 0.02155277963411617 | 0.02446013751422171 | 0.0008578821381965973
 | 3 Years
 | 5 Years
 | 10 Years
 | Since Inception Cumulative Return | 0.02183353806360544 | 0.02780667342972021 | 0.002159813646422482
 | Since Inception Annualized Return | 0.008540567405821431 | 0.0108577533432066 | 0.0008498559389196192
* | Since Inception Annualized Monthly Volatility | 0.04898372216124689 | 0.04902105715710239 | 0.0002362079616166444
 | Since Inception [NAME] | -0.04730522375897341 | 0.2041550709976273
 | * Annualized for periods 1 year of greater
 | Quarter-end Returns as of | Class N | Class I | ML 3-Month
 | December 31, 2013 | ASANX | ASAIX | T-Bill Index
 | 1 Year | 0.04162436369984945 | 0.04455364675873064 | 0.000730132388888638
 | 3 Years
 | 5 Years
 | 10 Years
 | Since Inception Cumulative Return | 0.03562776028045578 | 0.04165277369354015 | 0.002028988741652471
 | Since Inception Annualized Return | 0.01436315246364783 | 0.01676301097476718 | 0.0008260447710175534