AQR Diversifying Strategies Fund
As of its 2026 Q2 report, AQR Diversifying Strategies Fund held 7 positions with $8.41B in net assets. Its ten largest holdings made up 100.0% of the fund. The QDSRX share class costs 3.09% a year. Over the 12 months to May 2026, QDSRX returned 14.8%, with dividends reinvested. In 2026 Q2 it added no new positions and exited none.
The AQR Diversifying Strategies Fund (the Fund) seeks capital appreciation.
The fund invests through a portfolio of affiliated mutual funds managed by the adviser, gaining exposure to global equities, fixed income, commodities, and currencies across developed and emerging markets through both long and short positions. The strategy combines active multi-asset allocation across major asset classes with absolute return strategies including long/short equity, directional positioning, and arbitrage approaches, with the adviser adjusting allocations among the underlying funds at its discretion. The fund does not hold securities directly but accesses them entirely through its investments in the Affiliated Funds. Expected annualized volatility ranges between 4% and 10%, though actual volatility may differ materially over certain periods.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
AQR Multi-Asset Fund | 29.66% | $2.49B | — |
QMNRXAQR Equity Market Neutral Fund | 17.68% | $1.49B | — |
AQR Managed Futures Strategy HV Fund | 13.16% | $1.11B | — |
QDARXAQR Diversified Arbitrage Fund | 12.83% | $1.08B | — |
QSPRXAQR Style Premia Alternative Fund | 12.83% | $1.08B | — |
AQR Macro Opportunities Fund | 11.98% | $1.01B | — |
Limited Purpose Cash Investment Fund | 1.87% | $157.47M | — |
All 7 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Other | 98.14% |
| Cash & short-term | 1.87% |
How it has done
QDSRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.53%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 3.09% | +14.80% | +52.54% | +74.93% | -3.85% | |
| 3.21% | +14.59% | +52.12% | +74.25% | -3.93% | |
| 3.48% | +14.30% | +51.05% | +72.11% | -4.10% |
These classes hold the same portfolio, so the 2.82pp spread over 5 years is the cost difference between them — roughly 0.56pp a year — not a difference in what they own.
Fees & fund details
- Expense ratio, by class
- 3.09% – 3.48%· QDSRX 3.09%
- Portfolio turnover
- 8.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — QDSRX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”