QFVIX Fees and Costs — Pear Tree Polaris Foreign Value Fund, Institutional Class
Data updated: 2026-08-25
The net expense ratio is 1.08%: a 1.00% management fee plus 0.30% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.8M in broker commissions, 0.1063% of average net assets, and portfolio turnover was 29%.
QFVIX Fees and Expenses
Annual operating expenses and sales charges of QFVIX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.08% |
| 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 | No |
QFVIX Costs Over Time
On $10,000 invested in QFVIX, assuming 5% a year before costs, total costs come to $739 over 5 years, cutting the return by 1.25% 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 1.08%) | $113 | $353 | $611 |
| Trading costs (broker commissions) | $11 | $35 | $60 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $407 | $739 |
| Value after costs | $10,375 | $11,169 | $12,024 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
QFVIX 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): 0.1063%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): $4.7B
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
QFVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $171K | 15.43% |
| JP MORGAN | $144K | 13.03% |
| Merrill Lynch | $133K | 12.01% |
| JEFFERIES & CO., INC | $119K | 10.72% |
| UBS Securities | $118K | 10.64% |
| GOLDMAN SACHS & CO. | $106K | 9.59% |
| LIQUIDNET | $82K | 7.41% |
| HSBC SECURITIES | $80K | 7.19% |
| Kepler Capital Markets | $79K | 7.13% |
| SAMSUNG | $76K | 6.83% |
QFVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets | $1.8B | 46.14% |
| Morgan Stanley | $673.9M | 17.63% |
| LIQUIDNET | $226.4M | 5.92% |
| JP MORGAN | $217.4M | 5.69% |
| Merrill Lynch | $214.6M | 5.61% |
| BNP Paribas Securities Corp. | $187.3M | 4.90% |
| UBS Securities | $147.5M | 3.86% |
| GOLDMAN SACHS & CO. | $142.2M | 3.72% |
| JEFFERIES & CO., INC | $133.2M | 3.48% |
| Kepler Capital Markets | $116.7M | 3.05% |
Pear Tree Polaris Foreign Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QFVRX | Class R6 | 0.94% | — |
| QFVIX | Institutional Class | 1.08% | — |
| QFVOX | Ordinary Class | 1.45% | — |
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.