C000175713 Fees and Costs — AQR International Relaxed Constraint Equity Fund, Class R6
Data updated: 2019-12-16
The net expense ratio is 1.84%: a 0.75% management fee plus 1.41% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $16K in broker commissions, 0.0475% of average net assets, and portfolio turnover was 106%.
C000175713 Fees and Expenses
Annual operating expenses and sales charges of C000175713. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.41% |
| Gross expense ratio | 2.16% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.84% |
| 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 |
C000175713 Costs Over Time
On $10,000 invested in C000175713, assuming 5% a year before costs, total costs come to $1,160 over 5 years, cutting the return by 1.98% 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 1.84%) | $193 | $597 | $1,026 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $31 | $107 |
| Total costs | $198 | $643 | $1,160 |
| Value after costs | $10,302 | $10,933 | $11,603 |
| Impact on return, per year | 1.98% | 1.98% | 1.98% |
C000175713 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0475%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $49.5M
- Portfolio turnover (prospectus): 106%
- Securities lending: none during the year
C000175713 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $3K | 17.67% |
| J.P. Morgan Securities LLC | $3K | 16.07% |
| Goldman Sachs & Co. LLC | $3K | 16.04% |
| Morgan Stanley & Co. LLC | $3K | 15.59% |
| Credit Suisse Securities (USA) LLC | $2K | 13.71% |
| BofA Securities, Inc. | $2K | 9.77% |
| UBS Securities LLC | $1K | 7.60% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $563 | 3.42% |
| Royal Bank of Scotland Group PLC | $19 | 0.12% |
C000175713 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $49.5M | 100.00% |
| Morgan Stanley & Co. LLC | $53 | 0.00% |
| UBS Securities LLC | $53 | 0.00% |
| Goldman Sachs & Co. LLC | $40 | 0.00% |
| Deutsche Bank Securities Inc. | $40 | 0.00% |
| Credit Suisse Securities (USA) LLC | $18 | 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.