| | | |
Ordinary Shares
|
| |
Institutional Shares
|
| |
R6 Shares |
|
| U.S. EQUITY FUNDS | | | | | | | | | | |
|
Pear Tree Polaris Small Cap Fund |
| |
USBNX |
| |
QBNAX |
| |
QBNRX |
|
|
Pear Tree Quality Fund |
| |
USBOX |
| |
QGIAX |
| |
QGIRX |
|
| GLOBAL FUNDS | | | | | | | | | | |
|
Pear Tree Essex Environmental Opportunities
Fund |
| |
EEOFX |
| |
GEOSX |
| |
GEORX |
|
| INTERNATIONAL EQUITY FUNDS | | | | | | | | | | |
|
Pear Tree Polaris Foreign Value Fund
|
| |
QFVOX |
| |
QFVIX |
| |
QFVRX |
|
|
Pear Tree Polaris Foreign Value Small Cap
Fund |
| |
QUSOX |
| |
QUSIX |
| |
QUSRX |
|
|
Pear Tree Polaris International
Opportunities Fund |
| |
QISOX |
| |
QISIX |
| |
QISRX |
|
| | |
PAGE |
|
FUND HISTORY | | | | |
INVESTMENT POLICIES, RISKS AND RESTRICTIONS | | | | |
INVESTMENT RESTRICTIONS OF THE PEAR TREE FUNDS | | | | |
TRUSTEES AND OFFICERS OF THE TRUST; FUND GOVERNANCE | | | | |
PRINCIPAL SHAREHOLDERS | | | | |
THE MANAGER AND THE SUB-ADVISERS | | | | |
DISTRIBUTOR AND DISTRIBUTION PLAN | | | | |
OTHER SERVICE PROVIDERS TO THE PEAR TREE FUNDS | | | | |
PORTFOLIO TRANSACTIONS | | | | |
DISCLOSURE OF PORTFOLIO HOLDINGS | | | | |
SHARES OF THE TRUST | | | | |
TAXATION | | | | |
PROXY VOTING POLICIES | | | | |
FINANCIAL STATEMENTS | | | |
| | | |
Fiscal Years Ended
March 31, |
| |||||||||
| | | |
2023 |
| |
2022 |
| ||||||
|
Pear Tree Polaris Small Cap Fund |
| | | | 30% | | | | | | 23% | | |
|
Pear Tree Quality Fund |
| | | | 34% | | | | | | 31% | | |
|
Pear Tree Essex Environmental Opportunities
Fund |
| | | | 31% | | | | | | 9%* | | |
|
Pear Tree Polaris Foreign Value
Fund |
| | | | 15% | | | | | | 19% | | |
|
Pear Tree Polaris Foreign Value Small Cap
Fund |
| | | | 18% | | | | | | 29% | | |
|
Pear Tree Polaris International
Opportunities Fund |
| | | | 57% | | | | | | 51% | | |
NAME AND AGE
|
| |
POSITION
HELD WITH TRUST |
| |
TERM OF
OFFICE/ LENGTH OF TIME SERVED |
| |
PRINCIPAL
OCCUPATION(S) DURING PAST FIVE YEARS1 |
| |
NUMBER OF
PORTFOLIOS IN FUND COMPLEX OVERSEEN |
| |
OTHER
DIRECTORSHIPS HELD BY TRUSTEE |
|
John M. Bulbrook (Born: July 1942) |
| |
Trustee |
| | Indefinite Term (1985 to present) | | |
CEO and Treasurer, John M. Bulbrook
Insurance Agency, Inc. (d/b/a Bulbrook/Drislane Brokerage) (distributor of
financial products, including insurance) (1984 – Present) |
| |
7
|
| | None | |
William H. Dunlap (Born: March 1951) |
| |
Trustee |
| |
Indefinite Term
(October 2006
to
present) |
| |
President, New Hampshire Historical
Society, (Feb. 2010 – Present); Principal, William H. Dunlap & Company
(consulting firm)(2005 – Present); Director, Merrimack County Savings Bank
(2005 – Present); Trustee, New Hampshire Mutual Bancorp (2013 – Present)
|
| |
7
|
| | None | |
Clinton S. Marshall (Born: May 1957) |
| |
Trustee |
| |
Indefinite Term
(April 2003 to
present) |
| |
Owner, Coastal CFO Solutions, outsource
firm offering CFO solutions to businesses (1998 – Present); CFO, Fore
River Company (2002 – Present) |
| |
7
|
| | None | |
NAME AND AGE
|
| |
POSITION
HELD WITH TRUST |
| |
TERM OF
OFFICE/ LENGTH OF TIME SERVED |
| |
PRINCIPAL
OCCUPATION(S) DURING PAST FIVE YEARS1 |
| |
NUMBER OF
PORTFOLIOS IN FUND COMPLEX OVERSEEN |
| |
OTHER
DIRECTORSHIPS HELD BY TRUSTEE/ OFFICER |
|
Willard L. Umphrey (Born: July 1941) |
| |
Trustee, President, Chairman (1985 to
present) |
| | Indefinite Term (1985 to present) | | | Director, U.S. Boston Capital Corporation; President, Pear Tree Advisors, Inc. | | |
7
|
| |
U.S. Boston Corporation; U.S. Boston
Asset Management Corporation; Pear Tree Advisors, Inc.; Pear Tree Partners
Management LLC; Unidine Corporation; USB Corporation; U.S. Boston
Insurance Agency, Inc.; U.S. Boston Capital Corporation; Woundcheck
Laboratories |
|
Leon Okurowski (Born: December 1942) |
| |
Vice President, Treasurer (1985 to
present) |
| | (1985 to present) | | |
Director and Vice President, U.S. Boston
Capital Corporation; Treasurer, Pear Tree Advisors, Inc.; Trustee, Pear
Tree Funds (4/17/1985 – 9/30/2004) |
| |
N/A
|
| |
Everest USB Canadian Storage, Inc.; Pear
Tree Advisors, Inc.; U.S. Boston Corporation; U.S. Boston Asset
Management Corporation; USB Corporation; USB Everest Management, LLC; USB
Everest Storage LLC; U.S. Boston Insurance Agency, Inc.; U.S. Boston
Capital Corporation; Woundcheck Laboratories |
|
Deborah A. Kessinger (Born: May 1963) |
| |
Clerk and Chief Compliance Officer
|
| | (April 2005 to Present) | | |
Senior Counsel (since 9/04), President
(since 8/07) and Chief Compliance Officer (since 12/05), U.S. Boston
Capital Corporation; Senior Counsel (since 9/2004) and Chief Compliance
Officer (since 10/2006), Pear Tree Advisors, Inc. |
| |
N/A
|
| | None | |
Diane Hunt (Born: February 1962) |
| |
Assistant Treasurer |
| | (June 2010 to Present) | | | Controller (Since 3/2010) Pear Tree Advisors, Inc.; Accountant (Since 1984) U.S. Boston Capital Corporation | | |
N/A
|
| | None | |
NAME AND AGE
|
| |
POSITION
HELD WITH TRUST |
| |
TERM OF
OFFICE/ LENGTH OF TIME SERVED |
| |
PRINCIPAL
OCCUPATION(S) DURING PAST FIVE YEARS1 |
| |
NUMBER OF
PORTFOLIOS IN FUND COMPLEX OVERSEEN |
| |
OTHER
DIRECTORSHIPS HELD BY TRUSTEE/ OFFICER |
|
John Hunt (Born: July 1958) |
| |
Assistant Clerk |
| | (February 2016 to Present) | | | Partner, Sullivan & Worcester LLP (4/2016 to present) | | |
N/A
|
| | None | |
Name of Trustee |
| |
Aggregate Compensation from the Trust |
| |
Pension or Retirement Benefits Accrued as Part of Fund Expenses |
| |
Estimated Annual Benefits Upon Retirement |
| |
Total Compensation From the Trust and Fund Complex Paid to Trustee |
| ||||||||||||
Robert M. Armstrong* | | | | $ | 37,500 | | | | | | N/A | | | | | | N/A | | | | | $ | 37,500 | | |
John M. Bulbrook | | | | $ | 53,000 | | | | | | N/A | | | | | | N/A | | | | | $ | 53,000 | | |
William H. Dunlap | | | | $ | 50,000 | | | | | | N/A | | | | | | N/A | | | | | $ | 50,000 | | |
Clinton S. Marshall | | | | $ | 53,000 | | | | | | N/A | | | | | | N/A | | | | | $ | 53,000 | | |
| | |
Ordinary Shares |
| |
Institutional Shares |
| |
R6 Shares |
| |||||||||
Pear Tree Polaris Small Cap Fund | | | | | 0.82% | | | | | | 8.19% | | | | | | N/A | | |
Pear Tree Quality Fund | | | | | 0.62% | | | | | | 3.72% | | | | | | N/A | | |
Pear Tree Essex Environmental Opportunities Fund | | | | | 1.98% | | | | | | 0.00% | | | | | | 70.54% | | |
Pear Tree Polaris Foreign Value Fund | | | | | 0.27% | | | | | | 0.08% | | | | | | 0.46% | | |
Pear Tree Polaris Foreign Value Small Cap Fund | | | | | 0.75% | | | | | | 0.97% | | | | | | 7.37% | | |
Pear Tree Polaris International Opportunities Fund | | | | | 0.00% | | | | | | 93.10% | | | | | | 40.09% | | |
Name
of Trustee |
| |
Dollar Range of Equity Securities in Small Cap Fund |
| |
Dollar Range of Equity Securities in Quality Fund |
| |
Dollar Range of Equity Securities in Environmental Opportunities Fund |
| |
Dollar Range of Equity Securities in Foreign Value Fund |
| |
Dollar Range of Equity Securities in Foreign Value Small Cap Fund |
| |
Dollar Range of Equity Securities in International Opportunities Fund |
| |
Aggregate Dollar Range of Equity Securities in Pear Tree Fund Complex |
|
Robert M. Armstrong* | | | None | | | None | | | None | | |
$10,000 –
$50,000
|
| | None | | | None | | |
$50,000 –
$100,000 |
|
John M. Bulbrook | | |
Over
$100,000 |
| |
Over
$100,000 |
| |
Over
$100,000 |
| |
Over
$100,000 |
| |
Over
$100,000 |
| | None | | |
Over
$100,000 |
|
William H. Dunlap | | | None | | | None | | | None | | | None | | | None | | | None | | | None | |
Clinton S. Marshall | | | None | | | None | | | None | | |
$10,000 –
$50,000
|
| |
$10,000 –
$50,000
|
| | None | | |
$10,000 –
$50,000 |
|
Name
of Trustee |
| |
Dollar Range of Equity Securities in Small Cap Fund |
| |
Dollar Range of Equity Securities in Quality Fund |
| |
Dollar Range of Equity Securities in Environmental Opportunities Fund |
| |
Dollar Range of Equity Securities in Foreign Value Fund |
| |
Dollar Range of Equity Securities in Foreign Value Small Cap Fund |
| |
Dollar Range of Securities in International Opportunities Fund |
| |
Aggregate Dollar Range of Equity Securities in Pear Tree Fund Complex |
|
Willard L. Umphrey | | |
Over
$100,000 |
| |
Over
$100,000 |
| |
Over
$100,000 |
| |
Over
$100,000 |
| |
Over
$100,000 |
| | Over $100,000 | | | Over $100,000 | |
PEAR TREE POLARIS SMALL CAP FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
Joseph E. Kasputys
1230 North Ocean Blvd
Palm Beach, FL 33480 |
| |
19.20% |
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
Bernard Horn, Jr.
99 Beaver Road
Reading, MA 01867 |
| |
77.72% |
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281 |
| |
8.68% |
|
PEAR TREE QUALITY FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
Joseph E. Kasputys
1230 North Ocean Blvd
Palm Beach, FL 33480 |
| |
15.13% |
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281 |
| |
9.43% |
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104 |
| |
7.82% |
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281 |
| |
37.20% |
|
| | |
LPL
Financial
4707 Executive Drive
San Diego, CA 92121 |
| |
5.44% |
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104 |
| |
32.96% |
|
| | |
Pershing Division of /Donaldson Lufkin
& Jenrette
One Pershing Plaza
Jersey City, NJ 07339 |
| |
7.21% |
|
PEAR TREE ESSEX ENVIRONMENTAL OPPORTUNITIES FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
Elise S. Rose
32 Shorehaven Rd
Norwalk, CT 06855 |
| |
8.26% |
|
PEAR TREE ESSEX ENVIRONMENTAL OPPORTUNITIES FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
Lowell Anesthesiology Service/Profit
Sharing Retirement Plan
60 East Street, Ste 1300
Methuen, MA 01844 |
| |
7.85% |
|
| | |
National Financial
200 Liberty Street
New York, NY 10281 |
| |
7.16% |
|
| | |
John A. Hirst
440 Feedrock Rd
Brevard, NC 28712 |
| |
6.97% |
|
| | |
Arthur Fertman
9 Oxford Street
Winchester, MA 01890 |
| |
5.04% |
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104
Address Line 4 |
| |
61.22% |
|
| | |
SEI
Private Trust Company
ATTN: Mututal Funds
One Freedom Valley Drive
Oaks, PA 19456 |
| |
17.80% |
|
| | |
Joseph C. McNay
206 Chestnut Hill Rd
Newton, MA 02467 |
| |
12.03% |
|
| | |
% OF OUTSTANDING R6 SHARES |
| |||
| | |
Leon Okurowski
294 Elm Street
Concord, MA 01742 |
| |
23.52% |
|
| | |
Willard Umphrey
55 Old Bedford Road
Lincoln, MA 01773 |
| |
43.73% |
|
| | |
Marc L. Griffin
11 Turner Drive
North Reading, MA 01864 |
| |
11.91% |
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281 |
| |
13.22% |
|
PEAR TREE POLARIS FOREIGN VALUE FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281 |
| |
63.88% |
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104 |
| |
5.22% |
|
PEAR TREE POLARIS FOREIGN VALUE FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
Joseph E. Kasputys
1230 North Ocean Blvd
Palm Beach, FL 33480 |
| |
5.72% |
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
National Financial Services Corp/ For
Exclusive Benefit of our Customers
200 Liberty Street
New York, NY 10281 |
| |
25.01% |
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104 |
| |
27.73% |
|
| | |
Morgan Stanley Smith Barney LLC/ For the
Exclusive Benefit of its Owners
1585 Broadway
New York, NY 10036 |
| |
13.64% |
|
| | |
UBS
Financial Services
100 Harbor Blvd, 8th Floor
Weehawken, NJ 07086 |
| |
10.52% |
|
| | |
Merrill Lynch Pierce Fenner &
Smith
For the Sole Benefit of its
Customers
4800 Deer Lake Drive East- 2nd FL
Jacksonville, FL 32246 |
| |
5.77% |
|
| | |
% OF OUTSTANDING R6 SHARES |
| |||
| | |
National Financial Services LLC
200 Liberty Street
New York, NY 10281 |
| |
23.33% |
|
| | |
Greenleaf Trust
211 South Rose Street
Kalamazoo, MI 49007 |
| |
23.95% |
|
| | |
Christian Church Foundation
PO Box 1986
Indianapolis, IN 46206 |
| |
10.85% |
|
| | |
Reliance Trust Co
PO Box 78446
Atlanta, GA 30357 |
| |
9.48% |
|
| | |
Mac
& Co
500 Grant Street
Pittsburgh, PA 15258 |
| |
7.78% |
|
| | |
Northern Trust
PO Box 92956
Chicago, IL 60675 |
| |
6.97% |
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104 |
| |
7.01% |
|
PEAR TREE POLARIS FOREIGN VALUE SMALL CAP FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
TD
Ameritrade
For the Exclusive Benefit of our
Clients
PO Box 2226
Omaha, NE 68103 |
| |
9.91% |
|
| | |
National Financial Services Corp/ For
Exclusive Benefit of our Customers
200 Liberty Street
New York, NY 10281 |
| |
17.88% |
|
| | |
Joseph E. Kasputys
1230 North Ocean Blvd
Palm Beach, FL 33480 |
| |
16.43% |
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104 |
| |
14.30% |
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
National Financial Services Corp/ For
Exclusive Benefit of our Customers
200 Liberty Street
New York, NY 10281 |
| |
39.82% |
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of
Customers
100 Montgomery Street
San Francisco, CA 94104 |
| |
27.80% |
|
| | |
TD
Ameritrade
For the Exclusive Benefit of our
Clients
PO Box 2226
Omaha, NE 68103 |
| |
8.94% |
|
| | |
% OF OUTSTANDING R6 SHARES |
| |||
| | |
Edward Jones For the Benefit of
Customers
12555 Manchester Road
Saint Louis, MO 63131 |
| |
65.51% |
|
| | |
Vallee & Co
C/O Reliance Trust Company
BD1N - Attn: MF
4900 West Brown Deer Road
Milwaukee, WI 53223 |
| |
8.25% |
|
| | |
Mitra & Co
C/O Reliance Trust Company
BD1N - Attn: MF
4900 West Brown Deer Road
Milwaukee, WI 53223 |
| |
6.67% |
|
| | |
Willard Umphrey
55 Old Bedford Road
Lincoln, MA 01773 |
| |
8.25% |
|
PEAR TREE POLARIS INTERNATIONAL OPPORTUNITIES FUND |
| |
NAME AND ADDRESS |
| |
% OF OUTSTANDING ORDINARY SHARES |
|
| | |
John W. Pierce
114 Range Road
Concord, MA 01742 |
| |
46.26% |
|
| | |
Catherine C. Cowart
360 Hascall Road
Atlanta, GA 30309 |
| |
51.86% |
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
Leon Okurowski
294 Elm Street
Concord, MA 01742 |
| |
64.32% |
|
| | |
Willard Umphrey
55 Old Bedford Road
Lincoln, MA 01773 |
| |
29.32% |
|
| | |
% OF OUTSTANDING R6 SHARES |
| |||
| | |
Willard Umphrey
55 Old Bedford Road
Lincoln, MA 01773 |
| |
34.23% |
|
| | |
Polaris Capital Management, LLC
121 High Street
Boston, MA 02110 |
| |
33.57% |
|
| | |
Bernard Horn, Jr, & Lorraine
Horn
99 Beaver Road
Reading, MA 01867 |
| |
20.84% |
|
| | |
Leon Okurowski
294 Elm Street
Concord, MA 01742 |
| |
6.46% |
|
Fund Name |
| |
2021 |
| |
2022 |
| |
2023 |
| |||||||||
Pear Tree Polaris Small Cap Fund | | | | $ | 587,078 | | | $ | 746,488 | | | $ | 627,273 | ||||||
Pear Tree Quality Fund | | | | $ | 1,573,254(1) | | | | | $ | 2,079,506(1) | | | | | $ | 1,779,306(1) | | |
Pear Tree Essex Environmental Opportunities Fund | | | | | -% | | | | | $ | 412,218(2) | | | | | $ | 710,201(2) | | |
Pear Tree Polaris Foreign Value Fund | | | | $ | 33,113,912(3) | | | | | $ | 43,346,116(3) | | | | | $ | 34,989,630(3) | | |
Pear Tree Polaris Foreign Value Small Cap Fund | | | | $ | 7,249,848(4) | | | | | $ | 11,746,654(4) | | | | | $ | 10,214,143(4) | | |
Pear Tree Polaris International Opportunities Fund | | | | $ | 170,970 | | | $ | 227,921 | | | $ | 215,119 |
| | |
Advisory Fee Rates |
|
Pear Tree Polaris Small Cap Fund |
| |
0.25% of the first
$100 million,
0.30% of amounts in excess
$100 million but less than $200 million and
0.325% of amounts in excess of
$200 million of average daily total net assets. |
|
| | |
Advisory Fee Rates |
|
Pear Tree Quality Fund | | |
$90,000 per year |
|
Pear Tree Essex Environmental
Opportunities Fund |
| |
0.38% |
|
Pear Tree Polaris Foreign Value Fund* |
| |
0.35% of the first
$35 million,
0.40% of amounts in excess of
$35 million but less than $200 million and
0.50% of assets in excess of
$200 million of average daily total net assets |
|
Pear Tree Polaris
Foreign Value Small Cap Fund** |
| |
0.35% of the first
$35 million,
0.40% of amounts in excess of
$35 million but less than $200 million and
0.50% of assets in excess of
$200 million of average daily total net assets |
|
Pear Tree Polaris International
Opportunities Fund*** |
| |
0.30% of the first $35 million,
0.35% of amounts in excess of $35 million
but less than $200 million and
0.45% of amounts in excess of
$200 million of average daily total net assets. |
|
| | |
Fiscal Years Ended
March 31, |
| | | | ||||||||||||||||||
| | |
Sub-Adviser |
| |
2021 |
| |
2022 |
| |
2023 |
| ||||||||||||
Pear Tree Polaris Small Cap Fund |
| | | | Polaris | | | | | $ | 183,444 | | | $ | 233,281 | | | $ | 196,023 | | | ||||
Pear Tree Quality Fund |
| | | | Chartwell | | | | | $ | 90,000 | | | $ | 90,000 | | | $ | 90,000 | | | ||||
Pear Tree Essex Environmental Opportunities
Fund |
| | | | Essex | | | | | $ | 25,291(4) | | | | | $ | 156,661(3) | | | | | $ | 269,877 | | |
Pear Tree Polaris Foreign Value
Fund |
| | | | Polaris(1) | | | | | $ | 16,339,456 | | | $ | 21,455,558 | | | $ | 17,277,316 | | | ||||
Pear Tree Polaris Foreign Value Small Cap
Fund |
| | | | Polaris(2) | | | | | $ | 3,407,424 | | | $ | 5,655,827 | | | $ | 4,889,572 | | | ||||
Pear Tree Polaris International
Opportunities Fund |
| | | | Polaris(5) | | | | | $ | 56,992 | | | $ | 75,974 | | | $ | 71,707 | | |
| |
Portfolio Manager: |
| | |
Category |
| | |
Number of All Accounts |
| | |
Total Assets of All Accounts* ($ M) |
| | |
Number of Accounts Paying a Performance Fee |
| | |
Total Assets of Accounts Paying a Performance Fee ($ M) |
| | ||||||||||||
| |
Bernard R. Horn, Jr. |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Sumanta Biswas, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Bin Xiao, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Jason M. Crawshaw |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | |
| |
Portfolio Manager: |
| | |
Category |
| | |
Number of All Accounts |
| | |
Total Assets of All Accounts* |
| | |
Number of Accounts Paying a Performance Fee |
| | |
Total Assets of Accounts Paying a Performance Fee |
| | |||||||||
| |
Mark D. Tindall, CFA |
| | |
Registered Investment Companies |
| | | | | 1 | | | | |
$226 million |
| | | | | None | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | None | | | | |
$0
|
| | | | | None | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 11 | | | | |
$352
million |
| | | | | None | | | | | | $ | 0 | | | |
| |
Portfolio Manager: |
| | |
Category |
| | |
Number of All Accounts |
| | |
Total Assets of All Accounts* (in 000s) |
| | |
Number of Accounts Paying a Performance Fee |
| | |
Total Assets of Accounts Paying a Performance Fee (in 000s) |
| | ||||||||||||
| |
William H. Page |
| | |
Registered Investment Companies |
| | | | | 1 | | | | | | $ | 75,422 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 0 | | | | | | $ | 0 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 136 | | | | | | $ | 267,215 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| |
Robert J. Uek |
| | |
Registered Investment Companies |
| | | | | 1 | | | | | | $ | 75,422 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 0 | | | | | | $ | 0 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 136 | | | | | | $ | 267,215 | | | | | | | 7 | | | | | | $ | 0 | | | |
| |
Portfolio Manager: |
| | |
Category |
| | |
Number of All Accounts |
| | |
Total Assets of All Accounts* ($ M) |
| | |
Number of Accounts Paying a Performance Fee |
| | |
Total Assets of Accounts Paying a Performance Fee ($ M) |
| | ||||||||||||
| |
Bernard R. Horn, Jr. |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Sumanta Biswas, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Bin Xiao, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Jason M. Crawshaw |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | |
| |
Portfolio Manager: |
| | |
Category |
| | |
Number of All Accounts |
| | |
Total Assets of All Accounts* ($ M) |
| | |
Number of Accounts Paying a Performance Fee |
| | |
Total Assets of Accounts Paying a Performance Fee ($ M) |
| | ||||||||||||
| |
Bernard R. Horn, Jr. |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Sumanta Biswas, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Bin Xiao, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Jason M. Crawshaw |
| | |
Registered Investment Companies |
| | | | | 7 | | | | | | $ | 5,344 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,152 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | | | $ | 5,143 | | | | | | | 1 | | | | | | $ | 132 | | | |
| |
Portfolio Manager: |
| | |
Category |
| | |
Number of All Accounts |
| | |
Total Assets of All Accounts * ($ M) |
| | |
Number of Accounts Paying a Performance Fee |
| | |
Total Assets of Accounts Paying a Performance Fee ($ M) |
| | |||||||||
| |
Sumanta Biswas, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | |
$5,344 |
| | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment | | | | | | 6 | | | | |
$1,152 |
| | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | |
$5,143 |
| | | | | 1 | | | | | | $ | 132 | | | | |||||
| |
Bin Xiao, CFA |
| | |
Registered Investment Companies |
| | | | | 7 | | | | |
$5,344 |
| | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | |
$1,152 |
| | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | |
$5,143 |
| | | | | 1 | | | | | | $ | 132 | | | |
| |
Portfolio Manager: |
| | |
Category |
| | |
Number of All Accounts |
| | |
Total Assets of All Accounts * ($ M) |
| | |
Number of Accounts Paying a Performance Fee |
| | |
Total Assets of Accounts Paying a Performance Fee ($ M) |
| | |||||||||
| |
Jason M. Crawshaw |
| | |
Registered Investment Companies |
| | | | | 7 | | | | |
$5,344 |
| | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | |
$1,152 |
| | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 24 | | | | |
$5,143 |
| | | | | 1 | | | | | | $ | 132 | | | |
| | Pear
Tree Fund (Portfolio Manager) |
| | |
Dollar Range of
Equity Securities Owned |
| | ||||||||||||||||||||||||
| | Pear Tree Polaris Small Cap Fund (Polaris) | | | |
None |
| | |
$1 –
$10,000 |
| | |
$10,001 –
$50,000 |
| | |
$50,001 –
$100,000 |
| | |
$100,001 –
$500,000 |
| | |
$500,001 –
$1,000,000 |
| | |
Over
$1,000,000 |
| |
| | Bernard R. Horn, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | |
X |
| |
| | Sumanta Biswas, CFA | | | |
X |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Bin Xiao, CPA | | | |
X |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Jason M. Crawshaw | | | | | | | | | | | | | | | | | | | | | | | |
X |
| | | | | |
| | Pear Tree Quality Fund (Chartwell) | | | |
None |
| | |
$1 –
$10,000 |
| | |
$10,001 –
$50,000 |
| | |
$50,001 –
$100,000 |
| | |
$100,001 –
$500,000 |
| | |
$500,001 –
$1,000,000 |
| | |
Over
$1,000,000 |
| |
| | Mark D. Tindall, CFA | | | |
X |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Pear Tree Essex Environmental Opportunities Fund (Essex) | | | |
None |
| | |
$1 –
$10,000 |
| | |
$10,001 –
$50,000 |
| | |
$50,001 –
$100,000 |
| | |
$100,001 –
$500,000 |
| | |
$500,001 –
$1,000,000 |
| | |
Over
$1,000,000 |
| |
| | William H. Page | | | | | | | | | | | | | | | | | | | |
X |
| | | | | | | | | |
| | Robert J. Uek | | | |
X |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Pear Tree Polaris Foreign Value Fund (Polaris) | | | |
None |
| | |
$1 –
$10,000 |
| | |
$10,001 –
$50,000 |
| | |
$50,001 –
$100,000 |
| | |
$100,001 –
$500,000 |
| | |
$500,001 –
$1,000,000 |
| | |
Over
$1,000,000 |
| |
| | Bernard R. Horn, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | |
X |
| |
| | Sumanta Biswas, CFA | | | |
X |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Bin Xiao, CFA | | | |
X |
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Jason M. Crawshaw | | | | | | | | | | | | | | | | | | | |
X |
| | | | | | | | | |
| | Pear Tree Polaris Foreign Value Small Cap Fund (Polaris) | | | |
None |
| | |
$1 –
$10,000 |
| | |
$10,001 –
$50,000 |
| | |
$50,001 –
$100,000 |
| | |
$100,001 –
$500,000 |
| | |
$500,001 –
$1,000,000 |
| | |
Over
$1,000,000 |
| |
| | Bernard R. Horn, Jr. | | | | | | | | | | | | | | | | | | | | | | | | | | | |
X |
| |
| | Sumanta Biswas, CFA | | | | | | | | | | | | | | | | | | | | | | | | | | | |
X |
| |
| | Bin Xiao, CFA | | | | | | | | | | | | | | | | | | | |
X |
| | | | | | | | | |
| | Jason M. Crawshaw | | | | | | | | | | | | | | | | | | | |
X |
| | | | | | | | | |
| | Pear Tree Polaris International Opportunities Fund (Polaris) | | | |
None |
| | |
$1 –
$10,000 |
| | |
$10,001 –
$50,000 |
| | |
$50,001 –
$100,000 |
| | |
$100,001 –
$500,000 |
| | |
$500,001 –
$1,000,000 |
| | |
Over
$1,000,000 |
| |
| | Sumanta Biswas, CFA | | | | | | | | | | | | | | | | | | | |
X |
| | | | | | | | | |
| | Pear
Tree Fund (Portfolio Manager) |
| | |
Dollar Range of
Equity Securities Owned |
| | ||||||||||||||||||||||||
| | Bin Xiao, CFA | | | | | | | | | | | | | | | | | | | |
X |
| | | | | | | | | |
| | Jason M. Crawshaw | | | | | | | | | | | | | | | | | | | |
X |
| | | | | | | | | |
| | |
Ordinary Shares
|
| |||
Pear Tree Polaris Small Cap Fund | | | |
$ |
173,368 |
| |
Pear Tree Quality Fund | | | |
$ |
288,338 |
| |
Pear Tree Essex Environmental Opportunities
Fund |
| | | $ | 24,753 | | |
Pear Tree Polaris Foreign Value Fund | | | |
$ |
897,872 |
| |
Pear Tree Polaris Foreign Value Small Cap Fund | | | |
$ |
357,956 |
| |
Pear Tree Polaris International
Opportunities Fund |
| | | $ | 265 | | |
| | |
2021** |
| |
2022** |
| |
2023** |
| |||||||||
Pear Tree Polaris Small Cap Fund |
| | | $ | 53,519 | | | | | $ | 40,647 | | | | | $ | 52,361 | | |
Pear Tree Quality Fund |
| | | $ | 67,674 | | | | | $ | 46,290 | | | | | $ | 48,300 | | |
Pear Tree Essex Environmental Opportunities
Fund |
| | | $ | - | | | | | $ | 58,644* | | | | | $ | 96,217 | | |
Pear Tree Polaris Foreign Value
Fund |
| | | $ | 1,791,981 | | | | | $ | 1,674,350 | | | | | $ | 1,523,476 | | |
Pear Tree Polaris Foreign Value Small Cap
Fund |
| | | $ | 461,626 | | | | | $ | 858,839 | | | | | $ | 373,981 | | |
Pear Tree Polaris International
Opportunities Fund |
| | | $ | 18,658 | | | | | $ | 21,083 | | | | | $ | 36,522 | | |
|
Name of Entity
|
| |
Type of Service
|
| |
Frequency |
| |
Lag Time |
|
| UMB Bank, n.a. | | |
Custodian, Pricing Agent |
| |
Daily |
| |
None |
|
| Tait, Weller & Baker LLP | | |
Audit |
| |
As needed |
| |
None |
|
| Sullivan & Worcester LLP | | |
Legal |
| |
As needed |
| |
None |
|
| ISS Governance | | |
Proxy Voting |
| |
Daily |
| |
None |
|
| Advent | | |
Portfolio Reconciliation |
| |
Daily |
| |
None |
|
| Electra | | |
Portfolio Reconciliation |
| |
Daily |
| |
None |
|
| Omgeo Tradesuite System | | |
Portfolio Reconciliation |
| |
Daily |
| |
None |
|
| AbelNoser | | |
Liquidity Management |
| |
Daily |
| |
None |
|