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AQR Diversified Arbitrage N (ADANX)

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AQR Diversified Arbitrage N

AQR FundsTwo Greewich Plaza,3rd FloorGreenwich, CT 06830
866-290-2688
Management Information
Jacques Friedman,Lead Manager since March 15, 2016
Jacques is the head of AQR’s Global Stock Selection team and is involved in all aspects of research, portfolio management and strategy development for the firm’s equity products and strategies. Prior to AQR, he developed quantitative stock-selection strategies for the Asset Management Division of Goldman, Sachs & Co. Jacques earned a B.S. in applied mathematics from Brown University and an M.S. in applied mathematics from the University of Washington. Before joining Goldman, he was pursuing a Ph.D. in applied mathematics at Washington, where his research interests ranged from mathematical physics to quantitative methods for sports handicapping.
Morningstar Style Box
Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.
Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryMarket Neutral
Fund FamilyAQR Funds
Net Assets490.47M
YTD Return4.23%
Yield6.55%
Morningstar Rating★★★
Inception DateJan 14, 2009

Fund Operations

Last Dividend0.63
Last Cap Gain0.00
Holdings Turnover277.00%
Average for CategoryN/A

Fees & Expenses

ExpenseADANXCategory Average
Annual Report Expense Ratio (net)1.44%1.72%
Prospectus Net Expense Ratio1.58%N/A
Prospectus Gross Expense Ratio2.74%N/A
Max 12b1 Fee0.25%N/A
Max Front End Sales LoadN/A4.92%
Max Deferred Sales LoadN/A1.34%
3 Yr Expense Projection843N/A
5 Yr Expense Projection1,442N/A
10 Yr Expense Projection3,065N/A