AQR Diversified Arbitrage R6 (QDARX)
| Fund Assets | 1.87B |
| Expense Ratio | 1.77% |
| Min. Investment | $50,000,000 |
| Turnover | 361.00% |
| Dividend (ttm) | 0.16 |
| Dividend Yield | 1.26% |
| Dividend Growth | -52.45% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 12.14 |
| YTD Return | 5.29% |
| 1-Year Return | 5.81% |
| 5-Year Return | 39.74% |
| 52-Week Low | 12.05 |
| 52-Week High | 12.77 |
| Beta (5Y) | n/a |
| Holdings | 963 |
| Inception Date | Sep 2, 2014 |
About QDARX
AQR Diversified Arbitrage Fund Class R6 is a mutual fund specializing in relative value arbitrage strategies. Its core objective is to generate steady, long-term absolute returns by exploiting pricing inefficiencies across various asset classes. The fund systematically invests in a diversified mix of merger arbitrage, convertible arbitrage, and event-driven strategies, each designed to profit from market dislocations and corporate events such as mergers, restructurings, initial public offerings, and business financings. By employing both long and short positions, the fund seeks to minimize traditional market risk and deliver returns that are largely uncorrelated with broader equity or fixed income markets. Its diversified approach enables adaptive allocation among different arbitrage opportunities based on market conditions. The fund is appropriate for sophisticated investors capable of tolerating elevated risk and potentially wide price fluctuations, reflecting its use of leverage, derivatives, and higher turnover. AQR Diversified Arbitrage Fund Class R6 plays a notable role as an alternative investment option, providing access to classic hedge fund arbitrage trades within a regulated mutual fund structure, and aims to outperform short-term Treasury benchmarks while maintaining prudent risk controls.
Performance
QDARX had a total return of 5.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.56%.
Top 10 Holdings
61.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Limited Purpose Cash Investment | n/a | 31.51% |
| United States Treasury Bills 0% | B.0 04.24.25 | 4.99% |
| United States Treasury Bills 0% | B.0 06.26.25 | 4.41% |
| United States Treasury Bills 0% | B.0 07.10.25 | 4.40% |
| United States Treasury Bills 0% | B.0 07.17.25 | 3.54% |
| United States Treasury Bills 0% | B.0 07.03.25 | 3.30% |
| US DOLLAR | n/a | 2.80% |
| InterDigital, Inc. 3.5% | IDCC.3.5 06.01.27 | 2.80% |
| Stride Inc 1.13% | LRN.1.125 09.01.27 | 2.13% |
| ChampionX Corporation | CHX | 2.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $0.16026 | Dec 18, 2024 |
| Dec 18, 2023 | $0.33707 | Dec 19, 2023 |
| Dec 19, 2022 | $0.01133 | Dec 20, 2022 |
| Dec 23, 2021 | $0.0884 | Dec 27, 2021 |
| Dec 22, 2020 | $0.1923 | Dec 23, 2020 |
| Dec 23, 2019 | $0.2035 | Dec 24, 2019 |