QTERX Fees and Costs — AQR Emerging Multi-Style II Fund, Class R6
Data updated: 2026-08-27
The net expense ratio is 0.61%: a 0.50% management fee plus 0.15% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $268K in broker commissions, 0.0513% of average net assets, and portfolio turnover was 64%.
QTERX Fees and Expenses
Annual operating expenses and sales charges of QTERX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.61% |
| 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 |
QTERX Costs Over Time
On $10,000 invested in QTERX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,348 | $12,346 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
QTERX 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): 0.0513%
- Total broker commissions: $268K
- Bought from dealers (principal trades, not a cost): $580.7M
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
QTERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $84K | 31.30% |
| Goldman Sachs & Co. LLC | $58K | 21.64% |
| Instinet, LLC | $53K | 19.75% |
| Morgan Stanley & Co. LLC | $43K | 16.12% |
| J.P. Morgan Securities LLC | $17K | 6.30% |
| UBS Securities LLC | $12K | 4.61% |
| Citigroup Global Markets Inc. | $413 | 0.15% |
| Sanford C. Bernstein & Co., LLC | $215 | 0.08% |
| Fidelity Brokerage Services LLC | $96 | 0.04% |
| BofA Securities, Inc. | $43 | 0.02% |
QTERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $580.7M | 100.00% |
| Instinet, LLC | $13 | 0.00% |
| Morgan Stanley & Co. LLC | $9 | 0.00% |
| UBS Securities LLC | $4 | 0.00% |
AQR Emerging Multi-Style II Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QTERX | Class R6 | 0.61% | — |
| QTELX | Class I | 0.71% | — |
| QTENX | Class N | 0.96% | — |
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.