QTMRX Fees and Costs — AQR TM Large Cap Momentum Style Fund, Class R6
Data updated: 2021-02-24
The net expense ratio is 0.30%: a 0.25% management fee plus 0.10% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $5K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 60%.
QTMRX Fees and Expenses
Annual operating expenses and sales charges of QTMRX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.35% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.30% |
| 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 |
QTMRX Costs Over Time
On $10,000 invested in QTMRX, assuming 5% a year before costs, total costs come to $192 over 5 years, cutting the return by 0.32% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $105 | $192 |
| Value after costs | $10,468 | $11,472 | $12,571 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
QTMRX 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): 0.0020%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $202.5M
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $2.7M
- Net income from securities lending: $21K (0.009% of average net assets)
QTMRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3K | 69.23% |
| Credit Suisse Securities (USA) LLC | $464 | 9.40% |
| Citigroup Global Markets Inc. | $366 | 7.42% |
| J.P. Morgan Securities LLC | $257 | 5.21% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $157 | 3.19% |
| Sanford C. Bernstein & Co., LLC | $156 | 3.16% |
| Morgan Stanley & Co. LLC | $108 | 2.19% |
| Deutsche Bank Securities Inc. | $9 | 0.18% |
QTMRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $202.5M | 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.