ATNNX Fees and Costs — AQR TM International Momentum Style Fund, Class N
Data updated: 2021-02-24
The net expense ratio is 0.80%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.31% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $11K in broker commissions, 0.0100% of average net assets, and portfolio turnover was 47%.
ATNNX Fees and Expenses
Annual operating expenses and sales charges of ATNNX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.80% |
| 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 |
ATNNX Costs Over Time
On $10,000 invested in ATNNX, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
ATNNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0100%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $138.1M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $466K
- Net income from securities lending: $6K (0.006% of average net assets)
ATNNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 29.42% |
| Goldman Sachs & Co. LLC | $2K | 16.06% |
| Morgan Stanley & Co. LLC | $1K | 13.49% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1K | 12.27% |
| Credit Suisse Securities (USA) LLC | $1K | 11.00% |
| UBS Securities LLC | $1K | 9.64% |
| Deutsche Bank Securities Inc. | $594 | 5.57% |
| CIBC World Markets Corp. | $242 | 2.27% |
| The Toronto-Dominion Bank | $30 | 0.28% |
ATNNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $138.1M | 100.00% |
| Credit Suisse Securities (USA) LLC | $3 | 0.00% |
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.