AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX)

Fund Assets	1.95B
Expense Ratio	1.29%
Min. Investment	$1,000,000
Turnover	n/a
Dividend (ttm)	0.99
Dividend Yield	8.49%
Dividend Growth	514.69%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	11.80
YTD Return	29.20%
1-Year Return	36.67%
5-Year Return	104.37%
52-Week Low	9.03
52-Week High	11.96
Beta (5Y)	0.70
Holdings	170
Inception Date	Jul 9, 2012

About ARCNX

AQR Risk-Balanced Commodities Strategy Fund Class N is an actively managed mutual fund designed to provide diversified exposure across the global commodities markets. The fund primarily invests in a portfolio of commodity futures contracts, targeting a balanced allocation of risk across various sectors, including energy, agriculture, livestock, soft commodities, precious and base metals, and alternative commodity markets that may not be represented in standard indices. This risk-balanced approach seeks to reduce concentration and create a more even distribution of volatility, aiming for consistent long-term total return regardless of specific commodity market cycles. Using proprietary investment models, the fund adjusts its sector weights dynamically, leveraging both quantitative and qualitative signals to optimize risk and return. It has a broad basket perspective, which differentiates it from traditional commodity funds by both its tactical sector rebalancing and its inclusion of less commonly accessed commodities. AQR Risk-Balanced Commodities Strategy Fund Class N serves as a potential portfolio diversifier, as commodities historically have had low correlation to equities and bonds and may offer a hedge against inflation, enhancing overall risk-adjusted returns for institutional and individual investors alike.

• Fund Family: AQR Funds
• Category: Commodities Broad Basket
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: ARCNX
• Share Class: Class N
• Index: Bloomberg Commodity TR

Performance

ARCNX had a total return of 36.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.13%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
QRCRX	Class R6	0.93%
ARCIX	Class I	1.04%

Top 10 Holdings

77.64% of assets

Name	Symbol	Weight
Limited Purpose Cash Investment Fund	n/a	44.40%
United States of America - U.S. Treasury Bills	B.0 09.24.26	6.18%
United States of America - U.S. Treasury Bills	B.0 10.29.26	4.94%
United States of America - U.S. Treasury Bills	B.0 10.08.26	4.93%
United States of America - U.S. Treasury Bills	B.0 10.01.26	3.83%
United States of America - U.S. Treasury Bills	B.0 09.17.26	3.21%
United States of America - U.S. Treasury Bills	B.0 07.02.26	2.98%
United States of America - U.S. Treasury Bills	B.0 10.22.26	2.60%
United States of America - U.S. Treasury Bills	B.0 07.09.26	2.36%
United States of America - U.S. Treasury Bills	B.0 09.10.26	2.22%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$0.99106	Dec 18, 2025
Dec 17, 2024	$0.16123	Dec 18, 2024
Dec 18, 2023	$0.60429	Dec 19, 2023
Dec 19, 2022	$0.82757	Dec 20, 2022
Dec 23, 2021	$1.454	Dec 27, 2021
Dec 22, 2020	$0.0063	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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