C000205262 Fees and Costs — AQR Volatility Risk Premium Fund, Class I
Data updated: 2020-11-20
The net expense ratio is 0.78% (2.65% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $5K in broker commissions, 0.0453% of average net assets, and portfolio turnover was 103%.
C000205262 Fees and Expenses
Annual operating expenses and sales charges of C000205262. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.07% |
| Gross expense ratio | 2.65% |
| Fee waiver | −1.87% |
| Net expense ratio | 0.78% |
| 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 |
C000205262 Costs Over Time
On $10,000 invested in C000205262, assuming 5% a year before costs, total costs come to $518 over 5 years, cutting the return by 0.87% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $284 | $518 |
| Value after costs | $10,413 | $11,292 | $12,245 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000205262 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0453%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $8.6M
- Portfolio turnover (prospectus): 103%
- Securities lending: none during the year
C000205262 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5K | 91.57% |
| Goldman Sachs & Co. LLC | $123 | 2.30% |
| Morgan Stanley & Co. LLC | $84 | 1.56% |
| Credit Suisse Securities (USA) LLC | $64 | 1.19% |
| Deutsche Bank Securities Inc. | $61 | 1.15% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $59 | 1.09% |
| UBS Securities LLC | $34 | 0.64% |
| Citigroup Global Markets Inc. | $14 | 0.26% |
| CIBC World Markets Corp. | $8 | 0.16% |
| BofA Securities, Inc. | $4 | 0.08% |
C000205262 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $8.5M | 98.75% |
| BofA Securities, Inc. | $57K | 0.66% |
| Deutsche Bank Securities Inc. | $24K | 0.28% |
| Morgan Stanley & Co. LLC | $18K | 0.21% |
| Citigroup Global Markets Inc. | $4K | 0.05% |
| Goldman Sachs & Co. LLC | $2K | 0.03% |
| Credit Suisse Securities (USA) LLC | $2K | 0.02% |
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.