QTLLX Fees and Costs — AQR TM Large Cap Multi-Style Fund, Class I
Data updated: 2021-02-24
The net expense ratio is 0.45%: a 0.30% management fee plus 0.20% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $7K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 55%.
QTLLX Fees and Expenses
Annual operating expenses and sales charges of QTLLX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.50% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.45% |
| 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 |
QTLLX Costs Over Time
On $10,000 invested in QTLLX, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $156 | $286 |
| Value after costs | $10,452 | $11,420 | $12,477 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
QTLLX 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): 0.0026%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $262.0M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $26K (0.009% of average net assets)
QTLLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 37.41% |
| Goldman Sachs & Co. LLC | $2K | 24.67% |
| Credit Suisse Securities (USA) LLC | $1K | 17.61% |
| Citigroup Global Markets Inc. | $613 | 8.19% |
| Sanford C. Bernstein & Co., LLC | $372 | 4.97% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $339 | 4.52% |
| Morgan Stanley & Co. LLC | $196 | 2.62% |
| Deutsche Bank Securities Inc. | $1 | 0.01% |
QTLLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $262.0M | 100.00% |
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.