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AQR Diversified Arbitrage N (ADANX)

9.19 Down 0.01(0.11%) May 5

Profile as of Apr 29, 2016Get Profile for:
AQR Diversified Arbitrage N
AQR FundsTwo Greewich Plaza,3rd FloorGreenwich, CT 06830
Phone: 866-290-2688
Fund Overview 
Category:Market Neutral
Fund Family:AQR Funds
Net Assets:600.27M
Year-to-Date Return:-0.22%
Morningstar Rating:2 stars
Fund Inception Date:Jan 15, 2009
Morningstar Style Box 
Market Neutral
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Management Information 
Jacques Friedman
Lead Manager since Mar 16, 2016
Jacques, joined AQR Capital Management in 1998, is a principal of the firm and is Head of the Global Stock Selection group. Prior to joining AQR Capital Management, Jacques worked at Goldman, Sachs & Co. as an Associate in the Asset Management Division's Quantitative Equity Group. There, he was a member of the portfolio management team, developing and researching quantitative stock selection strategies. Prior to joining Goldman, Jacques was in the Ph.D. program in Applied Mathematics at the University of Washington, where his research interests ranged from mathematical physics to quantitative methods for sports handicapping. He received an MS in Applied Mathematics from the University of Washington and a BS in Applied Mathematics from Brown University.
Investment Information 
Min Initial Investment:1,000,000
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
ADANX can be purchased from 62 brokerages.

Fund Summary 
The investment seeks long-term absolute (positive) returns. The fund seeks to outperform, after expenses, the BofA Merrill Lynch 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, warrants, options, swaps (including credit default swaps and credit default index swaps), futures contracts, forwards or other types of derivative instruments.

Fund Operations 
Last Dividend (Dec 20, 2015) : 0.40
Last Cap Gain : 0.00
Annual Holdings Turnover (May 3, 2016) : 249.00%
Average for Category:250.12%
Fees & Expenses 
ExpenseADANXCategory Avg
Annual Report Expense Ratio (net):1.45%1.68%
Prospectus Net Expense Ratio:1.59%N/A
Prospectus Gross Expense Ratio:2.83%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A5.07%
Max Deferred Sales Load: N/A1.30%
3 Yr Expense Projection*:875933
5 Yr Expense Projection*:1,4921,467
10 Yr Expense Projection*:3,1553,001
* Per $10,000 invested