Morningstar

AQR Diversified Arbitrage Fund Class R6 QDARX

Morningstar Medalist Rating
Medalist Rating as of | See AQR Investment Hub
  • NAV / 1-Day Return 13.28  /  +0.08 %
  • Total Assets 2.7B
  • Adj. Expense Ratio
    1.140%
  • Expense Ratio 1.620%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Relative Value Arbitrage
  • Investment Style Small Growth
  • Min. Initial Investment 50M
  • Status Open
  • TTM Yield 2.15%
  • Turnover 410%

USD | NAV as of Jul 14, 2026 | 1-Day Return as of Jul 14, 2026, 12:11 AM GMT+0

Morningstar’s Analysis QDARX

Will QDARX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QDARX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the QDARX 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 QDARX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Diversifying strategy with evolving trade-offs.

Senior Analyst David Reyna

David Reyna

Senior Analyst

Summary

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.

by David Reyna
Rated on Published on

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Portfolio Holdings QDARX

More QDARX Holdings
  • 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

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