# EDGAR Filing Document

**Accession Number:** 0001444822
**File Stem:** 0001193125-26-012460
**Filing Date:** 2026-1
**Character Count:** 7478
**Document Hash:** 62154ef2abf7c5e4ec486e851a83cd51
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-012460.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0001193125-26-012460

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260114

**DATE AS OF CHANGE**: 20260114

**EFFECTIVENESS DATE**: 20260114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AQR Funds
- **CENTRAL INDEX KEY:** 0001444822

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-153445
- **FILM NUMBER:** 26531995

**BUSINESS ADDRESS:**
- **STREET 1:** ONE GREENWICH PLAZA
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-742-3600

**MAIL ADDRESS:**
- **STREET 1:** ONE GREENWICH PLAZA
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

## Series and Classes Contracts Data

### AQR Diversifying Strategies Fund (Series ID: S000068650)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000219591 | Class R6     | QDSRX           |
| C000219592 | Class I      | QDSIX           |
| C000219593 | Class N      | QDSNX           |

**AQR FUNDS** 

**Supplement dated January 14, 2026 ("Supplement")** 

**to the Class I, Class N and Class R6 Summary Prospectus and Prospectus,** 

**each dated May 1, 2025 ("Summary Prospectus" and "Prospectus", respectively),** 

**of the AQR Diversifying Strategies Fund ("Fund")** 

*This Supplement updates certain information contained in the Summary Prospectus and Prospectus. Please review this important information carefully. You may obtain copies of the Fund's Summary Prospectus, Prospectus and Statement of Additional Information free of charge, upon request, by calling (866) 290-2688, or by writing to AQR Funds, P.O. Box 219512, Kansas City, MO 64121-9512.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*1.* *Effective immediately, the section titled "Fund Summary—Portfolio Managers" of the Fund's Summary Prospectus and Prospectus, in each case beginning on page 9, is restated in its entirety as follows:* 

**Portfolio Managers** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **Name**<br>| **Portfolio<br>Manager of<br>the Fund<br>Since** | **Title**<br>|
| &nbsp;&nbsp;&nbsp; John M. Liew, Ph.D., M.B.A. | January 31, 2023 | Founding Principal of the *Adviser* |
| &nbsp;&nbsp;&nbsp; Jordan Brooks, Ph.D., M.A. | January 1, 2022 | Principal of the *Adviser* |
| &nbsp;&nbsp;&nbsp; John J. Huss | January 1, 2022 | Principal of the *Adviser* |
| &nbsp;&nbsp;&nbsp; Bryan Kelly, Ph.D. | May 1, 2023 | Principal of the Adviser |
| &nbsp;&nbsp;&nbsp; Laura Serban, Ph.D. | January 14, 2026 | Principal of the Adviser |
| &nbsp;&nbsp;&nbsp; Erik Stamelos | June 3, 2024 | Managing Director of the *Adviser* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*2.* *Effective immediately, the section titled "Management of the Funds—Portfolio Managers of the Adviser" of the Prospectus, beginning on page 26, is restated in its entirety as follows:* 

***Portfolio Managers of the Adviser***

The *Adviser* utilizes a team-based and integrated approach to its investment management process, including strategy development, research, portfolio implementation, risk management and trading execution. The *Adviser's* investment decisions are based on quantitative analysis of a specified universe of securities or other assets. This quantitative analysis relies on proprietary models to generate views on securities or other assets and applies them in a disciplined and systematic process. The *Adviser's* research, portfolio implementation and trading teams supervise the day-to-day execution of these models and continuously research ways to enhance their efficiency. Senior portfolio managers oversee this process while junior portfolio managers and portfolio implementation specialists provide appropriate oversight of the day to day details of the Fund's portfolio.

------

Each of the portfolio managers listed below is a member of the applicable portfolio management team that oversees the *Adviser's* investment management process for one or more of the investment strategies employed by the Fund.

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Fund** | **Portfolio Managers** |
| &nbsp;&nbsp;&nbsp; AQR Diversifying Strategies Fund | John M. Liew, Ph.D., M.B.A. |
|  | Jordan Brooks, Ph.D., M.A. |
|  | John J. Huss |
|  | Bryan Kelly, Ph.D. |
|  | Laura Serban, Ph.D. |
|  | Erik Stamelos |

---

Information regarding the portfolio managers of the Fund is set forth below. Further information regarding the portfolio managers, including other accounts managed, compensation, ownership of Fund shares, and possible conflicts of interest, is available in the Fund's SAI.

**John M. Liew, Ph.D., M.B.A.,** is a Founding Principal of the *Adviser*. Dr. Liew cofounded the *Adviser* in 1998 where he oversees research and portfolio management and is a member of the firm's Executive Committee. Dr. Liew earned a B.A. in economics, and an M.B.A. and a Ph.D. in finance, each from the University of Chicago.

**Jordan Brooks, Ph.D., M.A.,** is a Principal of the *Adviser*. Dr. Brooks joined the *Adviser* in August 2009 and is Co-Head of the Macro Strategies Group. He earned a B.A. in economics and mathematics from Boston College, and an M.A. and a Ph.D., both in economics, from New York University in 2009.

**John J. Huss** is a Principal of the *Adviser.* Mr. Huss rejoined the *Adviser* in 2013 and is Head of Integrated Research and Co-Head of the Macro Strategies Group. Mr. Huss earned an S.B. in mathematics from the Massachusetts Institute of Technology.

**Bryan Kelly, Ph.D.,** is a Principal of the *Adviser*. Dr. Kelly joined the Adviser in 2018 and is Head of Machine Learning and a portfolio manager on the Global Stock selection team of the Adviser. He earned an A.B. in economics from the University of Chicago, an M.A. in economics from the University of California, San Diego and a Ph.D. in finance from New York University.

**Laura Serban, Ph.D.,** is a Principal of the *Adviser*. Dr. Serban joined the *Adviser* in 2011 and is a senior member of the *Adviser's* Global Stock Selection team. She earned a B.A. in applied mathematics and economics, an S.M. in computer science and a Ph.D. in business economics, all from Harvard University.

**Erik Stamelos** is a Managing Director of the *Adviser.* Mr. Stamelos joined the *Adviser* in 2014 and is a portfolio manager on the Macro Strategies team. Mr. Stamelos earned an A.B. in economics from Harvard University.

From time to time, a manager, analyst, or other employee of the *Adviser* or any of its affiliates may express views regarding a particular asset class, company, security, industry, or market sector. The views expressed by any such person are the views of only that individual as of the time expressed and do not necessarily represent the views of the *Adviser* or any other person within the *Adviser's* organization. Any such views are subject to change at any time based upon market or other conditions and the *Adviser* disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for the Fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of the Fund.

**PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE**