ADANX – AQR Diversified Arbitrage N Investment Strategy | Morningstar

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Strategy

The investment seeks long-term absolute (positive) returns. The fund seeks to outperform, after expenses, the ICE BofA U.S. 3-Month Treasury Bill Index while seeking to control its tracking risk relative to this benchmark. It invests in a diversified portfolio of instruments, including equities, convertible securities, debt securities, loans, rights, warrants, options, swaps, futures contracts, forwards or other types of derivative instruments.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ADANX	AQR Diversified Arbitrage Fund Class N	No Load	Open	—		Jan 15, 2009	$42.96M	1.530%	Above Average	$2,500	$5.50M
ADAIX	AQR Diversified Arbitrage Fund Class I	Institutional	Open	—		Jan 15, 2009	$1.22B	1.250%	Average	$5M	$72.81M
QDARX	AQR Diversified Arbitrage Fund Class R6	Retirement, Large	Open	—		Sep 2, 2014	$1.78B	1.140%	Above Average	$50M	$862.51M

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