QINIX Fees and Costs — Q India Equity Fund, Class I
Data updated: 2026-08-24
The net expense ratio is 0.98%: a 0.65% management fee plus 102.49% other expenses, less a 102.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.6320% of average net assets, and portfolio turnover was 1%.
QINIX Fees and Expenses
Annual operating expenses and sales charges of QINIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 102.49% |
| Gross expense ratio | 103.14% |
| Fee waiver | −102.16% |
| Net expense ratio | 0.98% |
| 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 |
QINIX Costs Over Time
On $10,000 invested in QINIX, assuming 5% a year before costs, total costs come to $996 over 5 years, cutting the return by 1.69% 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 0.98%) | $103 | $319 | $550 |
| Trading costs (broker commissions) | $66 | $206 | $354 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $551 | $996 |
| Value after costs | $10,331 | $11,025 | $11,767 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
QINIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.6320%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
QINIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA INDIA PRIVATE LIMITED | $707 | 40.63% |
| CITIGROUP GLOBAL MARKETS INDIA PRIVATE LIMITED | $623 | 35.78% |
| JEFFERIES INDIA PRIVATE LIMITED | $362 | 20.78% |
| PHILLIPCAPITAL (INDIA) PVT LTD | $38 | 2.21% |
| MORGAN STANLEY INDIA COMPANY PRIVATE LTD | $10 | 0.60% |
Q India 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 |
|---|---|---|---|
| QINSX | Class II | 0.75% | — |
| QINIX | Class I | 0.98% | — |
| QINRX | Investor Class | 1.23% | — |
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.