AQGNX Fees and Costs — AQR Global Equity Fund, Class N
Data updated: 2026-08-27
The net expense ratio is 1.10%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $134K in broker commissions, 0.0311% of average net assets, and portfolio turnover was 119%.
AQGNX Fees and Expenses
Annual operating expenses and sales charges of AQGNX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AQGNX Costs Over Time
On $10,000 invested in AQGNX, assuming 5% a year before costs, total costs come to $706 over 5 years, cutting the return by 1.19% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $388 | $706 |
| Value after costs | $10,381 | $11,188 | $12,057 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
AQGNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0311%
- Total broker commissions: $134K
- Bought from dealers (principal trades, not a cost): $808.6M
- Portfolio turnover (prospectus): 119%
- Securities lending: none during the year
AQGNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $79K | 59.33% |
| Barclays Capital, Inc. | $36K | 27.01% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $4K | 2.67% |
| J.P. Morgan Securities LLC | $3K | 2.49% |
| Morgan Stanley & Co. LLC | $3K | 2.27% |
| Instinet, LLC | $3K | 2.18% |
| UBS Securities LLC | $3K | 2.06% |
| BNP Paribas Securities Corp. | $2K | 1.17% |
| Citigroup Global Markets Inc. | $640 | 0.48% |
| BofA Securities, Inc. | $470 | 0.35% |
AQGNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $808.4M | 99.97% |
| BofA Securities, Inc. | $76K | 0.01% |
| Morgan Stanley & Co. LLC | $58K | 0.01% |
| Barclays Capital, Inc. | $47K | 0.01% |
| Goldman Sachs & Co. LLC | $14K | 0.00% |
| UBS Securities LLC | $13K | 0.00% |
| Citigroup Global Markets Inc. | $11K | 0.00% |
| Fidelity Brokerage Services LLC | $535 | 0.00% |
| Instinet, LLC | $37 | 0.00% |
| BNP Paribas Securities Corp. | $7 | 0.00% |
AQR Global Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AQGRX | Class R6 | 0.75% | — |
| AQGIX | Class I | 0.85% | — |
| AQGNX | Class N | 1.10% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.