AQR Diversified Arbitrage N (ADANX)
| Fund Assets | 1.90B |
| Expense Ratio | 2.12% |
| Min. Investment | $1,000,000 |
| Turnover | 361.00% |
| Dividend (ttm) | 0.12 |
| Dividend Yield | 0.91% |
| Dividend Growth | -60.36% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 12.79 |
| YTD Return | 5.62% |
| 1-Year Return | 5.24% |
| 5-Year Return | 35.57% |
| 52-Week Low | 12.05 |
| 52-Week High | 12.79 |
| Beta (5Y) | 0.12 |
| Holdings | 715 |
| Inception Date | Jan 15, 2009 |
About ADANX
AQR Diversified Arbitrage Fund Class N is an alternative mutual fund that pursues a multi‑strategy arbitrage approach across corporate events. Its primary objective is to exploit **pricing inefficiencies** linked to transactions such as mergers, convertible bond dynamics, initial public offerings, financings, and restructurings, seeking return streams with **low correlation** to broad equity markets. The portfolio spans **merger arbitrage, convertible arbitrage, and event‑driven** trades, dynamically tilting toward the most attractive opportunities identified by AQR’s systematic research process. As of mid‑2025, exposures reflect a blend of long and short positions across these sleeves, consistent with the strategy’s market‑neutral orientation and emphasis on risk control. The fund compares its performance profile to short‑term Treasury bills to highlight its absolute‑return character, and discloses operating expenses and adjusted expense metrics typical of arbitrage funds that use derivatives and shorting. Managed by an experienced AQR arbitrage team, the vehicle offers daily liquidity and standardized minimums for individuals, providing diversified access to classic hedge‑fund‑style arbitrage in a registered fund format.
Performance
ADANX had a total return of 5.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.03%.
Top 10 Holdings
61.26% of assets| Name | Symbol | Weight |
|---|---|---|
| Limited Purpose Cash Investment Fund | n/a | 29.28% |
| United States of America - U.S. Treasury Bills | XIB.0 11.20.25 | 5.08% |
| United States of America - U.S. Treasury Bills | B.0 12.26.25 | 5.01% |
| United States of America - U.S. Treasury Bills | B.0 07.10.25 | 4.27% |
| United States of America - U.S. Treasury Bills | B.0 07.17.25 | 3.43% |
| United States of America - U.S. Treasury Bills | B.0 07.03.25 | 3.20% |
| United States of America - U.S. Treasury Bills | B.0 11.06.25 | 2.94% |
| InterDigital, Inc. | IDCC.3.5 06.01.27 | 2.91% |
| Carnival Corp. | CCL.5.75 12.01.27 | 2.81% |
| Stride, Inc. | LRN.1.125 09.01.27 | 2.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $0.11598 | Dec 18, 2024 |
| Dec 18, 2023 | $0.29257 | Dec 19, 2023 |
| Dec 19, 2022 | $0.01133 | Dec 20, 2022 |
| Dec 23, 2021 | $0.0479 | Dec 27, 2021 |
| Dec 22, 2020 | $0.1532 | Dec 23, 2020 |
| Dec 23, 2019 | $0.1687 | Dec 24, 2019 |