AQR Diversified Arbitrage mutual fund and Sustainable Corporate Arbitrage UCITS remain viable diversifiers within a broader portfolio, supported by a disciplined framework and an experienced team. However, the strategy’s elevated leverage, persistent net long exposure, and more complex implementation support a Process Pillar downgrade to Average from Above Average.
AQR Diversified Arbitrage Fund Class I ADAIX
- NAV / 1-Day Return 13.21 / 0.00
- Total Assets 2.6B
-
Adj. Expense Ratio
1.250%
- Expense Ratio 1.710%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category Relative Value Arbitrage
- Investment Style Small Growth
- Min. Initial Investment 5M
- Status Open
- TTM Yield 2.06%
- Turnover 410%
USD | NAV as of Jun 09, 2026 | 1-Day Return as of Jun 09, 2026, 12:11 AM GMT+0
Morningstar’s Analysis ADAIX
Will ADAIX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the ADAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ADAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 40.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Limited Purpose Cash Investment | 30.90 | 720M | — |
United States Treasury Bills 0% | 5.09 | 119M | Government |
US DOLLAR | 4.74 | 110M | Cash and Equivalents |
United States Treasury Bills 0% | 3.83 | 89M | Government |
United States Treasury Bills 0% | 3.81 | 89M | Government |
United States Treasury Bills 0% | 3.52 | 82M | Government |
United States Treasury Bills 0% | 3.03 | 70M | Government |
United States Treasury Bills 0% | 2.97 | 69M | Government |
United States Treasury Bills 0% | 2.44 | 57M | Government |
United States Treasury Bills 0% | 2.17 | 51M | Government |
United States