AQR Diversifying Strategies Fund

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.