- What does ADAIX invest in?
- The fund endeavors to achieve returns superior to the ICE BofA US 3-Month Treasury Bill Index, after all expenses, while also prudently managing its tracking deviation from this benchmark. It builds a diverse investment portfolio utilizing a broad array of financial instruments. These include common stocks, convertible bonds, debt securities, lending arrangements, warrants, options contracts, various types of swap agreements (such as equity swaps, credit default swaps, and credit default index swaps), futures contracts, forward agreements, and other complex derivative products.
- What is the expense ratio of ADAIX?
- AQR Diversified Arbitrage Fund (ADAIX) charges an expense ratio of 1.77%. This is the annual fee deducted from fund assets to cover management and operations.
- What is ADAIX's dividend yield?
- ADAIX's trailing-twelve-month yield is 2.05%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of ADAIX?
- Effective duration measures ADAIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ADAIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of ADAIX?
- ADAIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of ADAIX?
- Yield to maturity (YTM) is the total return you'd earn from ADAIX if every bond in the portfolio is held to maturity at the current price. ADAIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
