ASMNX Fees and Costs — AQR Small Cap Momentum Style Fund, Class N
Data updated: 2026-05-22
The net expense ratio is 0.87%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.30% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 92%.
ASMNX Fees and Expenses
Annual operating expenses and sales charges of ASMNX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.87% |
| 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 |
ASMNX Costs Over Time
On $10,000 invested in ASMNX, assuming 5% a year before costs, total costs come to $551 over 5 years, cutting the return by 0.92% 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 0.87%) | $91 | $285 | $496 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $551 |
| Value after costs | $10,408 | $11,274 | $12,212 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
ASMNX 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): 0.0081%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $257.1M
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
ASMNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $3K | 27.26% |
| Goldman Sachs & Co. LLC | $3K | 26.08% |
| Fidelity Brokerage Services LLC | $1K | 9.51% |
| Citigroup Global Markets Inc. | $952 | 8.83% |
| UBS Securities LLC | $856 | 7.94% |
| BofA Securities, Inc. | $568 | 5.27% |
| Morgan Stanley & Co. LLC | $565 | 5.24% |
| J.P. Morgan Securities LLC | $550 | 5.10% |
| Sanford C. Bernstein & Co., LLC | $513 | 4.76% |
ASMNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $257.1M | 99.97% |
| Morgan Stanley & Co. LLC | $33K | 0.01% |
| BofA Securities, Inc. | $32K | 0.01% |
| Barclays Capital, Inc. | $7K | 0.00% |
| Goldman Sachs & Co. LLC | $4K | 0.00% |
| Citigroup Global Markets Inc. | $3K | 0.00% |
| UBS Securities LLC | $3K | 0.00% |
| Sanford C. Bernstein & Co., LLC | $1K | 0.00% |
| Fidelity Brokerage Services LLC | $360 | 0.00% |
AQR Small Cap Momentum Style Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QSMRX | Class R6 | 0.52% | — |
| ASMOX | Class I | 0.62% | — |
| ASMNX | Class N | 0.87% | — |
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.