GQEPX Fees and Costs — Gqg Partners US Select Quality Equity Fund, Investor Shares
Data updated: 2026-08-28
The net expense ratio is 0.71%: a 0.45% management fee plus 0.27% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $984K in broker commissions, 0.0275% of average net assets, and portfolio turnover was 99%.
GQEPX Fees and Expenses
Annual operating expenses and sales charges of GQEPX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.71% |
| 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 |
GQEPX Costs Over Time
On $10,000 invested in GQEPX, assuming 5% a year before costs, total costs come to $464 over 5 years, cutting the return by 0.77% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $254 | $464 |
| Value after costs | $10,423 | $11,322 | $12,299 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
GQEPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0275%
- Total broker commissions: $984K
- Bought from dealers (principal trades, not a cost): $16.7M
- Portfolio turnover (prospectus): 99%
- Securities lending: none during the year
GQEPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BAML | $220K | 26.32% |
| MORGAN STANLEY & CO, INC | $119K | 14.23% |
| BARCLAY BANK PLC | $95K | 11.41% |
| J P MORGAN CHASE BANK | $88K | 10.57% |
| GOLDMAN, SACHS & CO. | $77K | 9.27% |
| MAGNA SECURITIES CORPORATION | $65K | 7.77% |
| BNP PARIBAS | $52K | 6.24% |
| RBC CAPITAL | $50K | 5.94% |
| CITIGROUP | $40K | 4.76% |
| JEFFERIES LLC | $29K | 3.48% |
GQEPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO, INC | $16.7M | 100.00% |
Gqg Partners US Select Quality Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GQEIX | Institutional Shares | 0.49% | — |
| GQERX | R6 Shares | 0.49% | — |
| GQEPX | Investor Shares | 0.71% | — |
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.