Expense Ratio History

USBNX expense ratio history

Pear Tree Polaris Small Cap Fund, Ordinary Shares

Fund company
Pear Tree
Type
Mutual fund

1.42%

In basis points
142 basis points
Yearly cost per $10,000
$142
Prospectus dated
1 August 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.45% on 1 August 2025

Fee over time

USBNX expense ratio: 1.67% until 1 Aug 2013, then 1.63%; 1.63% until 1 Aug 2014, then 1.64%; 1.64% until 1 Aug 2015, then 1.41%; 1.41% until 1 Aug 2016, then 1.47%; 1.47% until 1 Aug 2017, then 1.54%; 1.54% until 1 Aug 2018, then 1.55%; 1.55% until 1 Aug 2019, then 1.56%; 1.56% until 3 Aug 2020, then 1.64%; 1.64% until 2 Aug 2021, then 1.63%; 1.63% until 1 Aug 2022, then 1.50%; 1.50% until 1 Aug 2023, then 1.53%; 1.53% until 1 Aug 2024, then 1.45%; 1.45% until 1 Aug 2025, then 1.42%; read at 1.42% on 1 Aug 2025.0.00%1.00%2.00%3.00%Aug 2012Nov 2014Feb 2017May 2019Aug 2021Nov 20231.67% before1.42% from 1 Aug 2025
USBNX expense ratio: 1.67% until 1 Aug 2013, then 1.63%; 1.63% until 1 Aug 2014, then 1.64%; 1.64% until 1 Aug 2015, then 1.41%; 1.41% until 1 Aug 2016, then 1.47%; 1.47% until 1 Aug 2017, then 1.54%; 1.54% until 1 Aug 2018, then 1.55%; 1.55% until 1 Aug 2019, then 1.56%; 1.56% until 3 Aug 2020, then 1.64%; 1.64% until 2 Aug 2021, then 1.63%; 1.63% until 1 Aug 2022, then 1.50%; 1.50% until 1 Aug 2023, then 1.53%; 1.53% until 1 Aug 2024, then 1.45%; 1.45% until 1 Aug 2025, then 1.42%; read at 1.42% on 1 Aug 2025.0.00%1.00%2.00%3.00%Aug 2012Jan 2017Jun 20211.67% before1.42% from 1 Aug 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
USBNX (this page) Ordinary Shares 1.42% — 1 Aug 2025
QBNAX Institutional Shares 1.20% 1.08% 1 Aug 2025
QBNRX R6 Shares 1.07% 1.05% 1 Aug 2025

Every figure we've recorded

DateFeeWhat happened
1 Aug 2025 1.42% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-08-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Aug 2025 1.42% Cut from 1.45% to 1.42%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-08-28
1 Nov 2024 1.45% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-11-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2024 1.45% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-08-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Aug 2024 1.45% Cut from 1.53% to 1.45%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-08-01
7 Nov 2023 1.53% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-11-07 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2023 1.53% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2023 1.53% Raised from 1.50% to 1.53%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-08-01
1 Aug 2022 1.50% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2022 1.50% Cut from 1.63% to 1.50%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-08-01
2 Aug 2021 1.63% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-08-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Aug 2021 1.63% Cut from 1.64% to 1.63%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-08-02
3 Aug 2020 1.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-08-03 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
3 Aug 2020 1.64% Raised from 1.56% to 1.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-08-12
15 Nov 2019 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-11-15 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Aug 2019 1.56% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-08-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Aug 2019 1.56% Raised from 1.55% to 1.56%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-08-07
1 Aug 2018 1.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-08-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Aug 2018 1.55% Raised from 1.54% to 1.55%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-12-27
1 Aug 2017 1.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2017 1.54% Raised from 1.47% to 1.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-08-17
6 Feb 2017 1.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-06 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Aug 2016 1.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2016 1.47% Raised from 1.41% to 1.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-08-08
1 Aug 2015 1.41% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2015 1.41% Cut from 1.64% to 1.41%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-08-13
1 Aug 2014 1.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2014 1.64% Raised from 1.63% to 1.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-08-20
1 Aug 2013 1.63% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Aug 2013 1.63% Cut from 1.67% to 1.63%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-08-20
1 Aug 2012 1.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-08-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.42% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,711 in fees over 10 years

After fees, $10,000 grows to $14,167.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$146
3 years$452
5 years$781
10 years$1,711

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 18 prospectuses for this share class since 2012. Each one is listed above with a link to the filing.

How we read fees

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