Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
1.87% 2.089B -- 361.0%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-73.28M 8.30% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks long-term absolute (positive) returns. The Fund seeks to outperform the Merrill Lynch 3 Month Treasury Bill Index while seeking to control its tracking risk relative to this benchmark by investing in a diversified portfolio of arbitrage and alternative investment strategies.
General
Security Type Mutual Fund
Broad Asset Class Alternative
Broad Category Alternative Strategies
Global Peer Group Alternative Event Driven
Peer Group Alternative Event Driven Funds
Global Macro Alternative Equity
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Event Driven Funds
Fund Owner Firm Name AQR
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 6
-187.64M Peer Group Low
48.69M Peer Group High
1 Year
% Rank: 79
-73.28M
-365.23M Peer Group Low
312.54M Peer Group High
3 Months
% Rank: 6
-183.72M Peer Group Low
114.19M Peer Group High
3 Years
% Rank: 6
-4.286B Peer Group Low
273.12M Peer Group High
6 Months
% Rank: 6
-44.43M Peer Group Low
273.12M Peer Group High
5 Years
% Rank: 4
-2.226B Peer Group Low
941.02M Peer Group High
YTD
% Rank: 83
-313.83M Peer Group Low
294.73M Peer Group High
10 Years
% Rank: 22
-3.709B Peer Group Low
3.290B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
2.19%
8.53%
25.21%
6.27%
-3.29%
4.51%
3.19%
7.51%
-9.41%
26.60%
16.25%
18.54%
-18.36%
22.20%
17.49%
21.69%
-16.32%
1.19%
-13.91%
31.10%
19.11%
24.38%
30.06%
29.53%
2.07%
6.38%
9.28%
2.95%
-0.54%
5.30%
7.53%
7.85%
1.80%
6.73%
5.35%
5.02%
-4.26%
9.17%
7.43%
6.66%
-8.88%
1.93%
-0.41%
-1.06%
35.38%
1.80%
8.41%
12.76%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 1.14%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 714
Stock
Weighted Average PE Ratio 27.18
Weighted Average Price to Sales Ratio 3.541
Weighted Average Price to Book Ratio 3.367
Weighted Median ROE 5.05%
Weighted Median ROA 1.98%
ROI (TTM) 2.63%
Return on Investment (TTM) 2.63%
Earning Yield 0.0482
LT Debt / Shareholders Equity 0.6681
Number of Equity Holdings 319
Bond
Yield to Maturity (9-30-25) 1.61%
Effective Duration --
Average Coupon 2.92%
Calculated Average Quality 4.991
Effective Maturity 2.261
Nominal Maturity 2.345
Number of Bond Holdings 123
As of September 30, 2025

Growth Metrics

EPS Growth (1Y) 15.55%
EPS Growth (3Y) -2.72%
EPS Growth (5Y) 4.05%
Sales Growth (1Y) 3.40%
Sales Growth (3Y) 7.83%
Sales Growth (5Y) 11.13%
Sales per Share Growth (1Y) 3.29%
Sales per Share Growth (3Y) 1.63%
Operating Cash Flow - Growth Rate (3Y) 18.42%
As of September 30, 2025

Fund Details

Key Dates
Inception Date 1/15/2009
Last Annual Report Date 12/31/2024
Last Prospectus Date 5/1/2025
Share Classes
ADANX N
QDARX Retirement
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Asset Allocation

As of September 30, 2025.
Type % Net
Cash -0.36%
Stock -14.31%
Bond 81.54%
Convertible 0.00%
Preferred 3.18%
Other 29.95%
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Top 10 Holdings

Name % Weight Price % Change
Limited Purpose Cash Investment Fund
23.69% -- --
United States of America USGB 11/20/2025 FIX USD Government (Matured) 4.87% 100.00 0.00%
United States of America USGB 0.0 12/26/2025 FIX USD Government 4.80% 99.78 0.01%
United States of America USGB 0.0 01/15/2026 FIX USD Government 4.51% 99.59 0.01%
United States of America USGB 0.0 01/08/2026 FIX USD Government 4.48% 99.66 0.01%
United States of America (Government) 0% 12-MAR-2026
3.98% -- --
United States of America USGB 11/06/2025 FIX USD Government (Matured) 2.82% 100.00 0.00%
Interpublic Group of Companies Swap Bullet
2.72% -- --
United States of America USGB 0.0 01/29/2026 FIX USD Government 2.41% -- --
United States of America USGB 0.0 01/02/2026 FIX USD Government 2.27% 99.72 0.01%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 1.00%
Administration Fee 543.2K%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee 0.00%
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 5.00M None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks long-term absolute (positive) returns. The Fund seeks to outperform the Merrill Lynch 3 Month Treasury Bill Index while seeking to control its tracking risk relative to this benchmark by investing in a diversified portfolio of arbitrage and alternative investment strategies.
General
Security Type Mutual Fund
Broad Asset Class Alternative
Broad Category Alternative Strategies
Global Peer Group Alternative Event Driven
Peer Group Alternative Event Driven Funds
Global Macro Alternative Equity
US Macro Alternative Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Event Driven Funds
Fund Owner Firm Name AQR
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 1.14%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings 714
Stock
Weighted Average PE Ratio 27.18
Weighted Average Price to Sales Ratio 3.541
Weighted Average Price to Book Ratio 3.367
Weighted Median ROE 5.05%
Weighted Median ROA 1.98%
ROI (TTM) 2.63%
Return on Investment (TTM) 2.63%
Earning Yield 0.0482
LT Debt / Shareholders Equity 0.6681
Number of Equity Holdings 319
Bond
Yield to Maturity (9-30-25) 1.61%
Effective Duration --
Average Coupon 2.92%
Calculated Average Quality 4.991
Effective Maturity 2.261
Nominal Maturity 2.345
Number of Bond Holdings 123
As of September 30, 2025

Growth Metrics

EPS Growth (1Y) 15.55%
EPS Growth (3Y) -2.72%
EPS Growth (5Y) 4.05%
Sales Growth (1Y) 3.40%
Sales Growth (3Y) 7.83%
Sales Growth (5Y) 11.13%
Sales per Share Growth (1Y) 3.29%
Sales per Share Growth (3Y) 1.63%
Operating Cash Flow - Growth Rate (3Y) 18.42%
As of September 30, 2025

Fund Details

Key Dates
Inception Date 1/15/2009
Last Annual Report Date 12/31/2024
Last Prospectus Date 5/1/2025
Share Classes
ADANX N
QDARX Retirement
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:ADAIX", "name")
Broad Asset Class: =YCI("M:ADAIX", "broad_asset_class")
Broad Category: =YCI("M:ADAIX", "broad_category_group")
Prospectus Objective: =YCI("M:ADAIX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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