QCERX Fees and Costs — AQR Large Cap Multi-Style Fund, Class R6
Data updated: 2026-08-27
The net expense ratio is 0.78%: a 0.25% management fee plus 0.53% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0013% of average net assets, and portfolio turnover was 56%.
QCERX Fees and Expenses
Annual operating expenses and sales charges of QCERX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 0.78% |
| Fee waiver | — |
| 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 |
QCERX Costs Over Time
On $10,000 invested in QCERX, assuming 5% a year before costs, total costs come to $491 over 5 years, cutting the return by 0.82% 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) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $491 |
| Value after costs | $10,418 | $11,307 | $12,272 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
QCERX 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): 0.0013%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
QCERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $8K | 52.09% |
| Citigroup Global Markets Inc. | $1K | 8.44% |
| Fidelity Brokerage Services LLC | $1K | 8.02% |
| Sanford C. Bernstein & Co., LLC | $1K | 7.07% |
| UBS Securities LLC | $1K | 6.98% |
| J.P. Morgan Securities LLC | $986 | 6.17% |
| Morgan Stanley & Co. LLC | $831 | 5.20% |
| BofA Securities, Inc. | $776 | 4.86% |
| Barclays Capital, Inc. | $188 | 1.18% |
QCERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.2B | 100.00% |
| BofA Securities, Inc. | $53K | 0.00% |
| Barclays Capital, Inc. | $2K | 0.00% |
| Morgan Stanley & Co. LLC | $2K | 0.00% |
AQR Large Cap Multi-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 |
|---|---|---|---|
| QCERX | Class R6 | 0.78% | — |
| QCELX | Class I | 0.88% | — |
| QCENX | Class N | 1.18% | — |
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.