QCFIX Fees and Costs — AQR CVX Fusion Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 2.39% (3.91% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0756% of average net assets, and portfolio turnover was 317%.
QCFIX Fees and Expenses
Annual operating expenses and sales charges of QCFIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.93% |
| Gross expense ratio | 3.91% |
| Fee waiver | −1.52% |
| Net expense ratio | 2.39% |
| 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 |
QCFIX Costs Over Time
On $10,000 invested in QCFIX, assuming 5% a year before costs, total costs come to $1,498 over 5 years, cutting the return by 2.59% 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 2.39%) | $251 | $771 | $1,317 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $40 | $139 |
| Total costs | $259 | $835 | $1,498 |
| Value after costs | $10,241 | $10,741 | $11,265 |
| Impact on return, per year | 2.59% | 2.59% | 2.59% |
QCFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0756%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $167.6M
- Portfolio turnover (prospectus): 317%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $1K (0.007% of average net assets)
QCFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6K | 44.32% |
| Goldman Sachs & Co. LLC | $3K | 24.59% |
| Morgan Stanley & Co. LLC | $3K | 21.71% |
| Instinet, LLC | $336 | 2.39% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $314 | 2.23% |
| UBS Securities LLC | $242 | 1.72% |
| BNP Paribas Securities Corp. | $221 | 1.57% |
| BofA Securities, Inc. | $103 | 0.73% |
| National Financial Services LLC | $55 | 0.39% |
| Citigroup Global Markets Inc. | $50 | 0.35% |
QCFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $156.6M | 93.54% |
| Morgan Stanley & Co. LLC | $4.4M | 2.65% |
| BofA Securities, Inc. | $2.2M | 1.31% |
| TD SECURITIES (USA) LLC | $1.3M | 0.80% |
| HSBC Securities (USA) Inc. | $893K | 0.53% |
| Deutsche Bank Securities Inc. | $763K | 0.46% |
| BMO Capital Markets Corp. | $588K | 0.35% |
| Barclays Capital, Inc. | $266K | 0.16% |
| Citigroup Global Markets Inc. | $176K | 0.11% |
| Goldman Sachs & Co. LLC | $159K | 0.09% |
AQR CVX Fusion Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QCFRX | Class R6 | 2.24% | — |
| QCFIX | Class I | 2.39% | — |
| QCFNX | Class N | 2.65% | — |
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.