QISOX Fees and Costs — Pear Tree Polaris International Opportunities Fund, Ordinary Class
Data updated: 2026-08-25
The net expense ratio is 1.44%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.39% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $47K in broker commissions, 0.0697% of average net assets, and portfolio turnover was 46%.
QISOX Fees and Expenses
Annual operating expenses and sales charges of QISOX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.44% |
| 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 |
QISOX Costs Over Time
On $10,000 invested in QISOX, assuming 5% a year before costs, total costs come to $935 over 5 years, cutting the return by 1.59% 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 1.44%) | $151 | $469 | $809 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $159 | $516 | $935 |
| Value after costs | $10,341 | $11,060 | $11,828 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
QISOX 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): 0.0697%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): $67.0M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
QISOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN | $11K | 30.15% |
| HSBC SECURITIES | $8K | 21.18% |
| Citigroup Global Markets | $3K | 9.38% |
| WEDBUSH SECURITIES | $3K | 9.05% |
| Merrill Lynch | $3K | 8.67% |
| LIQUIDNET | $3K | 6.90% |
| UBS Securities | $2K | 4.65% |
| Daiwa Capital Markets | $1K | 4.04% |
| GOLDMAN SACHS & CO. | $1K | 3.02% |
| BERENBERG CAPITAL MARKETS LLC | $1K | 2.94% |
QISOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN | $17.8M | 31.97% |
| HSBC SECURITIES | $8.4M | 15.04% |
| LIQUIDNET | $7.5M | 13.39% |
| Merrill Lynch | $7.3M | 13.08% |
| Citigroup Global Markets | $3.6M | 6.38% |
| WEDBUSH SECURITIES | $3.4M | 6.11% |
| BOFA | $2.9M | 5.26% |
| UBS Securities | $1.9M | 3.40% |
| GOLDMAN SACHS & CO. | $1.6M | 2.87% |
| Daiwa Capital Markets | $1.4M | 2.50% |
Pear Tree Polaris International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QISRX | Class R6 | 0.96% | — |
| QISIX | Institutional Class | 0.99% | — |
| QISOX | Ordinary Class | 1.44% | — |
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.