QCPIX Fees and Costs — AQR Core Plus Bond Fund, Class I
Data updated: 2022-02-28
The net expense ratio is 0.49%: a 0.32% management fee plus 0.34% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $5K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 102900%.
QCPIX Fees and Expenses
Annual operating expenses and sales charges of QCPIX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.49% |
| 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 |
QCPIX Costs Over Time
On $10,000 invested in QCPIX, assuming 5% a year before costs, total costs come to $313 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $313 |
| Value after costs | $10,448 | $11,405 | $12,450 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
QCPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0058%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 102900%
- Securities on loan, average value: $80K
- Net income from securities lending: $1K (0.001% of average net assets)
QCPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5K | 100.00% |
QCPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.2B | 39.32% |
| Morgan Stanley & Co. LLC | $997.8M | 33.67% |
| J.P. Morgan Securities LLC | $449.1M | 15.16% |
| Citigroup Global Markets Inc. | $246.9M | 8.33% |
| Citadel Securities LLC | $28.1M | 0.95% |
| SG Americas Securities, LLC | $23.6M | 0.80% |
| BNP Paribas Securities Corp. | $19.8M | 0.67% |
| HSBC Securities (USA) Inc. | $11.9M | 0.40% |
| Credit Agricole Securities (USA) Inc. | $10.5M | 0.35% |
| BofA Securities, Inc. | $10.3M | 0.35% |
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.