QUSOX Fees and Costs — Pear Tree Polaris Foreign Value Small Cap Fund, Ordinary Class
Data updated: 2026-08-25
The net expense ratio is 1.44%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $476K in broker commissions, 0.0675% of average net assets, and portfolio turnover was 27%.
QUSOX Fees and Expenses
Annual operating expenses and sales charges of QUSOX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| 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 |
QUSOX Costs Over Time
On $10,000 invested in QUSOX, assuming 5% a year before costs, total costs come to $933 over 5 years, cutting the return by 1.58% 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 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $158 | $516 | $933 |
| Value after costs | $10,342 | $11,061 | $11,829 |
| Impact on return, per year | 1.58% | 1.58% | 1.58% |
QUSOX 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): 0.0675%
- Total broker commissions: $476K
- Bought from dealers (principal trades, not a cost): $625.8M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
QUSOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WEDBUSH SECURITIES | $55K | 19.05% |
| Instinet LLC | $39K | 13.42% |
| Morgan Stanley | $34K | 11.69% |
| JP MORGAN | $32K | 11.12% |
| CIC Market Solutions | $26K | 8.90% |
| Redburn Partners | $24K | 8.16% |
| Stifel, Nicolaus & company, Inc. | $23K | 7.88% |
| HSBC SECURITIES | $20K | 6.81% |
| Nuvama Financial Services | $19K | 6.52% |
| Citigroup Global Markets | $19K | 6.46% |
QUSOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Instinet LLC | $78.1M | 19.69% |
| JP MORGAN | $56.2M | 14.18% |
| LIQUIDNET | $54.4M | 13.71% |
| WEDBUSH SECURITIES | $53.5M | 13.50% |
| Morgan Stanley | $33.8M | 8.52% |
| CIC Market Solutions | $25.7M | 6.49% |
| HSBC SECURITIES | $25.7M | 6.48% |
| Stifel, Nicolaus & company, Inc. | $24.3M | 6.13% |
| Redburn Partners | $23.6M | 5.95% |
| Citigroup Global Markets | $21.2M | 5.35% |
Pear Tree Polaris Foreign Value Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QUSRX | Class R6 | 1.03% | — |
| QUSIX | Institutional Class | 1.07% | — |
| QUSOX | 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.