QRCRX Fees and Costs — AQR Risk-Balanced Commodities Strategy Fund, Class R6
Data updated: 2026-08-27
The net expense ratio is 0.93%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.1231% of average net assets, and portfolio turnover was 0%.
QRCRX Fees and Expenses
Annual operating expenses and sales charges of QRCRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| 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 |
QRCRX Costs Over Time
On $10,000 invested in QRCRX, assuming 5% a year before costs, total costs come to $658 over 5 years, cutting the return by 1.11% 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 0.93%) | $98 | $305 | $528 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $111 | $362 | $658 |
| Value after costs | $10,389 | $11,214 | $12,105 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
QRCRX 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): 0.1231%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $7.0B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
QRCRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $740K | 69.76% |
| Goldman Sachs & Co. LLC | $198K | 18.64% |
| Morgan Stanley & Co. LLC | $123K | 11.60% |
QRCRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.2B | 88.02% |
| Deutsche Bank Securities Inc. | $237.0M | 3.37% |
| HSBC Securities (USA) Inc. | $190.5M | 2.71% |
| Morgan Stanley & Co. LLC | $176.5M | 2.51% |
| Nomura Securities International, Inc. | $95.2M | 1.35% |
| BofA Securities, Inc. | $46.7M | 0.66% |
| Citigroup Global Markets Inc. | $37.1M | 0.53% |
| Goldman Sachs & Co. LLC | $24.0M | 0.34% |
| TD SECURITIES (USA) LLC | $19.5M | 0.28% |
| Barclays Capital, Inc. | $16.2M | 0.23% |
AQR Risk-Balanced Commodities Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QRCRX | Class R6 | 0.93% | — |
| ARCIX | Class I | 1.04% | — |
| ARCNX | Class N | 1.33% | — |
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.