QECRX Fees and Costs — AQR Emerging Multi-Style Fund, Class R6
Data updated: 2021-02-24
The net expense ratio is 0.60%: a 0.55% management fee plus 0.20% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $99K in broker commissions, 0.0463% of average net assets, and portfolio turnover was 67%.
QECRX Fees and Expenses
Annual operating expenses and sales charges of QECRX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.60% |
| 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 |
QECRX Costs Over Time
On $10,000 invested in QECRX, assuming 5% a year before costs, total costs come to $407 over 5 years, cutting the return by 0.68% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $223 | $407 |
| Value after costs | $10,432 | $11,353 | $12,356 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
QECRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0463%
- Total broker commissions: $99K
- Bought from dealers (principal trades, not a cost): $265.8M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $169K
- Net income from securities lending: $665 (0.000% of average net assets)
QECRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $24K | 24.21% |
| Credit Suisse Securities (USA) LLC | $23K | 23.43% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $16K | 15.88% |
| BofA Securities, Inc. | $9K | 9.23% |
| Morgan Stanley & Co. LLC | $8K | 8.10% |
| UBS Securities LLC | $7K | 7.52% |
| Barclays Capital, Inc. | $7K | 6.98% |
| J.P. Morgan Securities LLC | $4K | 4.08% |
| Citigroup Global Markets Inc. | $404 | 0.41% |
| Deutsche Bank Securities Inc. | $158 | 0.16% |
QECRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $265.7M | 99.97% |
| Credit Suisse Securities (USA) LLC | $86K | 0.03% |
| Goldman Sachs & Co. LLC | $3 | 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.