AQR Diversified Arbitrage Fund Class N (ADANX)

Fund Assets	3.03B
Expense Ratio	2.107%
Min. Investment	$1,000,000
Turnover	410.00%
Dividend (ttm)	0.24
Dividend Yield	1.80%
Dividend Growth	105.08%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	13.21
YTD Return	3.04%
1-Year Return	4.07%
5-Year Return	13.84%
52-Week Low	12.79
52-Week High	13.28
Beta (5Y)	0.09
Holdings	755
Inception Date	Jan 15, 2009

About ADANX

AQR Diversified Arbitrage Fund Class N is an alternatives mutual fund that pursues long-term absolute returns through arbitrage strategies that exploit mispricings in related securities. The fund provides diversified exposure across merger arbitrage, convertible arbitrage, and corporate event-driven strategies, combining long and short positions to identify attractive opportunities. It invests across a broad range of instruments including individual stocks, convertible bonds, debt securities, and derivatives such as swaps, futures, and options. The fund seeks to capitalize on market dislocations created by corporate events including mergers, initial public offerings, financings, and restructurings. A key characteristic of the fund is its target for low correlation to traditional equity markets, aiming to deliver steady returns with reduced sensitivity to broader market movements. The fund employs a diversified portfolio approach to manage risk while pursuing its investment objectives across multiple strategies operating at different stages of the corporate lifecycle.

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

Performance

ADANX had a total return of 4.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.06%.

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%
ADAIX	Class I	1.77%

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	$0.23785	Dec 18, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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