QGIAX Fees and Costs — Pear Tree Quality Fund, Institutional Shares
Data updated: 2026-08-25
The net expense ratio is 0.75%: a 1.00% management fee plus 0.27% other expenses, less a 0.52% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $113K in broker commissions, 0.0354% of average net assets, and portfolio turnover was 53%.
QGIAX Fees and Expenses
Annual operating expenses and sales charges of QGIAX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.52% |
| Net expense ratio | 0.75% |
| 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 |
QGIAX Costs Over Time
On $10,000 invested in QGIAX, assuming 5% a year before costs, total costs come to $493 over 5 years, cutting the return by 0.82% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $271 | $493 |
| Value after costs | $10,418 | $11,306 | $12,269 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
QGIAX 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): 0.0354%
- Total broker commissions: $113K
- Bought from dealers (principal trades, not a cost): $482.0M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
QGIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo | $47K | 41.42% |
| AMERICAN VETERANS GROUP, PBC | $35K | 31.00% |
| Robert W. Baird & Co. | $12K | 10.38% |
| RBC CAPITAL MARKETS | $10K | 8.73% |
| Keybank | $7K | 6.03% |
| Arcola Securities, Inc. | $2K | 1.98% |
| BNP Paribas Securities Corp. | $240 | 0.21% |
| Citigroup Global Markets | $188 | 0.17% |
| First Union Capital | $94 | 0.08% |
QGIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo | $211.5M | 43.88% |
| AMERICAN VETERANS GROUP, PBC | $161.6M | 33.53% |
| Robert W. Baird & Co. | $58.3M | 12.09% |
| RBC CAPITAL MARKETS | $38.7M | 8.03% |
| Arcola Securities, Inc. | $4.9M | 1.02% |
| Citigroup Global Markets | $2.5M | 0.53% |
| BNP Paribas Securities Corp. | $2.0M | 0.41% |
| Keybank | $1.7M | 0.35% |
| First Union Capital | $812K | 0.17% |
Pear Tree Quality Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QGIRX | R6 Shares | 0.64% | — |
| QGIAX | Institutional Shares | 0.75% | — |
| USBOX | Ordinary Shares | 1.12% | — |
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.