ATSMX Fees and Costs — AQR TM Small Cap Momentum Style Fund, Class I
Data updated: 2021-02-24
The net expense ratio is 0.60%: a 0.45% management fee plus 0.44% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $3K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 60%.
ATSMX Fees and Expenses
Annual operating expenses and sales charges of ATSMX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.44% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.60% |
| 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 |
ATSMX Costs Over Time
On $10,000 invested in ATSMX, assuming 5% a year before costs, total costs come to $382 over 5 years, cutting the return by 0.64% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $209 | $382 |
| Value after costs | $10,436 | $11,367 | $12,381 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
ATSMX 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): 0.0063%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $51.3M
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $4.5M
- Net income from securities lending: $87K (0.175% of average net assets)
ATSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 60.59% |
| Credit Suisse Securities (USA) LLC | $344 | 11.07% |
| Citigroup Global Markets Inc. | $289 | 9.33% |
| J.P. Morgan Securities LLC | $212 | 6.82% |
| Sanford C. Bernstein & Co., LLC | $173 | 5.58% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $135 | 4.36% |
| Morgan Stanley & Co. LLC | $66 | 2.13% |
| Deutsche Bank Securities Inc. | $4 | 0.12% |
| BofA Securities, Inc. | $0 | 0.01% |
ATSMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $51.3M | 100.00% |
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.