AQR Diversified Arbitrage Fund Class I (ADAIX)

Fund Assets	2.89B
Expense Ratio	1.77%
Min. Investment	$5,000,000
Turnover	410.00%
Dividend (ttm)	0.27
Dividend Yield	2.04%
Dividend Growth	82.84%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	13.31
YTD Return	3.82%
1-Year Return	5.86%
5-Year Return	16.29%
52-Week Low	12.79
52-Week High	13.31
Beta (5Y)	0.25
Holdings	755
Inception Date	Jan 15, 2009

About ADAIX

AQR Diversified Arbitrage Fund Class I is a mutual fund specializing in relative value arbitrage strategies. Its primary function is to capture returns from mispricing across related securities through diversified approaches such as merger arbitrage, convertible arbitrage, and corporate event-driven strategies. By maintaining both long and short positions, the fund aims to minimize sensitivity to traditional equity market risks and seeks steady returns with low correlation to broad market movements. The fund actively invests across the corporate lifecycle, including opportunities arising from mergers, initial public offerings, business financings, and restructurings. With significant allocations to cash and U.S. Treasury Bills, it prioritizes liquidity and risk management alongside arbitrage exposures. Managed by a team of seasoned professionals, the fund appeals to institutional and sophisticated investors looking for exposure to sophisticated event-driven tactics within a single vehicle, contributing to portfolio diversification with an emphasis on risk-adjusted performance in the alternatives segment of the financial market.

• Fund Family: AQR Funds
• Category: Relative Value Arbitrage
• Performance Rating: High
• Risk Rating: High
• Stock Exchange: NASDAQ
• Ticker Symbol: ADAIX
• Share Class: Class I
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

ADAIX had a total return of 5.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.37%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
QDARX	Class R6	1.66%
ADANX	Class N	2.05%

Top 10 Holdings

61.81% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	33.94%
United States of America - U.S. Treasury Bills	B.0 07.23.26	4.51%
United States of America - U.S. Treasury Bills	B.0 12.03.26	3.71%
United States of America - U.S. Treasury Bills	B.0 07.09.26	3.39%
United States of America - U.S. Treasury Bills	B.0 07.30.26	3.37%
United States of America - U.S. Treasury Bills	B.0 07.02.26	3.12%
United States of America - U.S. Treasury Bills	B.0 12.17.26	2.64%
United States of America - U.S. Treasury Bills	B.0 07.16.26	2.64%
United States of America - U.S. Treasury Bills	B.0 11.12.26	2.27%
United States of America - U.S. Treasury Bills	B.0 11.27.26	2.23%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.27184	Dec 18, 2025
Dec 17, 2024	$0.14868	Dec 18, 2024
Dec 18, 2023	$0.32552	Dec 19, 2023
Dec 19, 2022	$0.01133	Dec 20, 2022
Dec 23, 2021	$0.0782	Dec 27, 2021
Dec 22, 2020	$0.1838	Dec 23, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 26, 2026

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