U.K. Stewardship Code Disclosure

AQR Capital Management (Europe) LLP

December 2016

AQR Capital Management (Europe) LLP (“AQR”) is an FCA-authorised Alternative Investment Fund Manager (“AIFM”) and an affiliate of AQR Capital Management, LLC, a U.S. domiciled investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). The Firm uses quantitative tools in a systematic process to build diversified and risk-controlled portfolios. The process does not typically involve subjective assessments of underlying companies or direct contact with the companies in which it invests. As such, certain aspects of the Financial Reporting Council’s UK Stewardship Code (the “Code”) are not applicable to AQR’s investment activities. Linked below is an overview on how, and the extent to which, AQR’s investment activities are aligned with the principles of the Code (“The Principles”).

For further details on any of the above information, please contact the Firm’s Compliance Officer.

To download a copy of this statement, please click here.