| | |
Ordinary Shares
|
| |
Institutional Shares
|
| |
R6 Shares
|
| |||||||||
U.S. EQUITY FUNDS | | ||||||||||||||||||
Pear Tree Polaris Small Cap Fund
|
| | | | USBNX | | | | | | QBNAX | | | | | | * | | |
Pear Tree Quality Fund
|
| | | | USBOX | | | | | | QGIAX | | | | | | * | | |
INTERNATIONAL EQUITY FUNDS | | ||||||||||||||||||
Pear Tree Axiom Emerging Markets World Equity Fund
|
| | | | QFFOX | | | | | | QEMAX | | | | | | QFFRX | | |
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
|
| |||
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| | | | | 50 | | | |
| | | | | 52 | | | |
| | | | | 53 | | | |
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| | | | | 56 | | | |
| | | | | 59 | | | |
| | | | | 60 | | | |
| | | | | 62 | | | |
| | | | | 73 | | |
| | |
Ordinary Shares
|
| |
Institutional Shares
|
| ||||||
Management Fees | | | | | 0.80% | | | | | | 0.80% | | |
Distribution (12b-1) Fees | | | | | 0.25% | | | | | | None | | |
Other Expenses | | | | | 0.32% | | | | | | 0.32% | | |
Acquired Fund Fees and Expenses | | | | | 0.26% | | | | | | 0.26% | | |
Total Annual Fund Operating Expenses
|
| | |
|
1.63%
|
| | | |
|
1.38%
|
| |
Fee Waiver and/or Expense Reimbursement (1) | | | | | N/A | | | | | | 0.12% | | |
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement (1)
|
| | |
|
N/A
|
| | | |
|
1.26%
|
| |
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
Ordinary Shares | | | | $ | 165 | | | | | $ | 514 | | | | | $ | 887 | | | | | $ | 1,933 | | |
Institutional Shares | | | | $ | 128 | | | | | $ | 425 | | | | | $ | 774 | | | | | $ | 1,647 | | |
| Best Quarter: | | |
Q4 2020
|
| | | | 29.07% | | |
| Worst Quarter: | | |
Q1 2020
|
| | | | (36.99)% | | |
| | |
1 Year
|
| |
5 Years
|
| |
10 Years
|
| |||||||||
Ordinary Shares Before Tax
|
| | | | (4.78)% | | | | | | 6.16% | | | | | | 6.51% | | |
After Tax on Distributions
|
| | | | (4.93)% | | | | | | 4.74% | | | | | | 5.33% | | |
After Tax on Distributions, with Sale
|
| | | | (2.72)% | | | | | | 4.50% | | | | | | 4.97% | | |
Institutional Shares Before Tax
|
| | | | (4.37)% | | | | | | 6.53% | | | | | | 6.83% | | |
Russell 2000® Index (reflects no deductions for fees, expenses or taxes) | | | | | 19.96% | | | | | | 13.26% | | | | | | 11.20% | | |
Investment Team
|
| |
Position at Polaris
|
| |
Manager of the Fund Since
|
| |||
Bernard R. Horn, Jr. | | | President and Chief Investment Officer | | | | | 2015 | | |
Sumanta Biswas, CFA | | | Vice President and Assistant Portfolio Manager | | | | | 2015 | | |
Bin Xiao, CFA | | | Assistant Portfolio Manager | | | | | 2015 | | |
Jason M. Crawshaw | | | Assistant Portfolio Manager | | | | | 2016 | | |
Initial Investment Minimum
|
| |
Contact Information
|
|
Ordinary Shares: $2,500*
Individual retirement accounts, certain accounts for minors, and automatic investment accounts $1,000* Institutional Shares: $1,000,000*
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 |
| |
Mail: Pear Tree Funds
Attention: Transfer Agent 55 Old Bedford Road, Suite 202 Lincoln, MA 01773
Telephone: 1-800-326-2151
Website:www.peartreefunds.com
|
|
Ongoing Investment Minimum
|
|
Ordinary Shares: 50 shares
Institutional Shares: 50 shares
|
|
| | |
Ordinary Shares
|
| |
Institutional Shares
|
| ||||||
Management Fees | | | | | 1.00% | | | | | | 1.00% | | |
Distribution (12b-1) Fees | | | | | 0.25% | | | | | | None | | |
Other Expenses | | | | | 0.27% | | | | | | 0.27% | | |
Total Annual Fund Operating Expenses
|
| | |
|
1.52%
|
| | | |
|
1.27%
|
| |
Fee Waiver and/or Expense Reimbursement (1) | | | | | 0.30% | | | | | | 0.48% (2) (3) | | |
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement (1)
|
| | |
|
1.22%
|
| | | |
|
0.79% (2) (3)
|
| |
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
Ordinary Shares | | | | $ | 124 | | | | | $ | 451 | | | | | $ | 801 | | | | | $ | 1,787 | | |
Institutional Shares | | | | $ | 81 | | | | | $ | 355 | | | | | $ | 651 | | | | | $ | 1,492 | | |
| Best Quarter: | | |
Q2 2020
|
| | | | 15.07% | | |
| Worst Quarter: | | |
Q1 2020
|
| | | | (16.05)% | | |
| | |
1 Year
|
| |
5 Years
|
| |
10 Years
|
| |||||||||
Ordinary Shares Before Tax
|
| | | | 18.65% | | | | | | 16.22% | | | | | | 14.15% | | |
After Tax on Distributions
|
| | | | 16.52% | | | | | | 13.46% | | | | | | 11.98% | | |
After Tax on Distributions, with Sale
|
| | | | 12.50% | | | | | | 12.54% | | | | | | 11.22% | | |
Institutional Shares Before Tax
|
| | | | 19.11% | | | | | | 16.62% | | | | | | 14.54% | | |
S&P 500 Index (reflects no deductions for fees, expenses or taxes) | | | | | 18.40% | | | | | | 15.22% | | | | | | 13.88% | | |
Investment Team
|
| |
Position at Chartwell
|
| |
Manager of the Fund Since
|
| |||
Mark D. Tindall, CFA | | | Portfolio Manager | | | | | 2011 | | |
Initial Investment Minimum
|
| |
Contact Information
|
|
Ordinary Shares: $2,500*
Individual retirement accounts, certain accounts for minors, and automatic investment accounts $1,000* Institutional Shares: $1,000,000*
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 |
| |
Mail: Pear Tree Funds
Attention: Transfer Agent 55 Old Bedford Road, Suite 202 Lincoln, MA 01773
Telephone: 1-800-326-2151
Website: www.peartreefunds.com
|
|
Ongoing Investment Minimum
|
|
Ordinary Shares: 50 shares
Institutional Shares: 50 shares
|
|
| | |
Ordinary Shares
|
| |
Institutional Shares
|
| |
R6 Shares
|
| |||||||||
Management Fees | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | |
Distribution (12b-1) Fees | | | | | 0.25% | | | | | | None | | | | | | None | | |
Other Expenses | | | | | 0.43% | | | | | | 0.43% | | | | | | 0.28% | | |
Acquired Fund Fees and Expenses | | | | | 0.01% | | | | | | 0.01% | | | | | | 0.01% | | |
Total Annual Fund Operating Expenses
|
| | |
|
1.69%
|
| | | |
|
1.44%
|
| | | |
|
1.29%
|
| |
Fee Waiver and/or Expense Reimbursement (1) | | | | | 0.22% | | | | | | 0.34% (2) | | | | | | 0.29% (3) | | |
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement (1)
|
| | |
|
1.47%
|
| | | |
|
1.10% (2)
|
| | | |
|
1.00% (3)
|
| |
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
Ordinary Shares | | | | $ | 150 | | | | | $ | 511 | | | | | $ | 897 | | | | | $ | 1,980 | | |
Institutional Shares | | | | $ | 112 | | | | | $ | 422 | | | | | $ | 755 | | | | | $ | 1,695 | | |
R6 Shares | | | | $ | 102 | | | | | $ | 380 | | | | | $ | 680 | | | | | $ | 1,531 | | |
| Best Quarter: | | |
Q2 2020
|
| | | | 21.65% | | |
| Worst Quarter: | | |
Q3 2011
|
| | | | (22.19)% | | |
| | |
1 Year
|
| |
5 Years
|
| |
10 Years
|
| |||||||||
Ordinary Shares Before Tax
|
| | | | 31.69% | | | | | | 12.66% | | | | | | 7.68% | | |
After Tax on Distributions
|
| | | | 31.64% | | | | | | 12.45% | | | | | | 3.31% | | |
After Tax on Distributions, with Sale
|
| | | | 19.14% | | | | | | 10.23% | | | | | | 2.82% | | |
Institutional Shares Before Tax
|
| | | | 32.21% | | | | | | 13.06% | | | | | | 3.99% | | |
R6 Shares Before Tax
|
| | | | 32.29% | | | | | | N/A | | | | | | N/A | | |
MSCI EM Index (reflects no deductions for fees, expenses or taxes)
|
| | | | 18.69% | | | | | | 13.22% | | | | | | 4.00% | | |
Investment Team
|
| |
Position at Axiom Investors
|
| |
Manager of the Fund Since
|
| |||
Andrew Jacobson, CFA | | | Chief Executive Officer, Chief Investment Officer and Lead Portfolio Manager | | | | | 2018 | | |
Jose Gerardo Morales, CFA | | | Co-Portfolio Manager Emerging Markets Equity, Emerging Markets World Equity Strategies | | | | | 2018 | | |
Andrew Yoon, CFA | | | Co-Portfolio Manager Emerging Markets Equity, Emerging Markets World Equity Strategies | | | | | 2021 | | |
Initial Investment Minimum
|
| |
Contact Information
|
|
Ordinary Shares: $2,500*
Individual retirement accounts, certain accounts for minors, and automatic investment accounts $1,000* Institutional Shares: $1,000,000*
Certain wrap programs, registered advisers, certain government plans, Pear Tree Fund affiliates and employees $0 R6 Shares: $100,000**
Certain wrap programs, registered advisers, certain government plans, Pear Tree Fund affiliates and employees $0 |
| |
Mail: Pear Tree Funds
Attention: Transfer Agent 55 Old Bedford Road, Suite 202 Lincoln, MA 01773
Telephone: 1-800-326-2151
Website: www.peartreefunds.com
|
|
Ongoing Investment Minimum
|
|
Ordinary Shares: 50 shares
Institutional Shares: 50 shares
R6 Shares: None
|
|
| | |
Ordinary Shares
|
| |
Institutional Shares
|
| |
R6 Shares
|
| |||||||||
Management Fees | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | |
Distribution (12b-1) Fees | | | | | 0.25% | | | | | | None | | | | | | None | | |
Other Expenses | | | | | 0.25% | | | | | | 0.25% | | | | | | 0.10% | | |
Total Annual Fund Operating Expenses | | | |
|
1.50%
|
| | | |
|
1.25%
|
| | | |
|
1.10%
|
| |
Fee Waiver and/or Expense Reimbursement (1) | | | | | 0.10% | | | | | | 0.22% (2) | | | | | | 0.16% (3) | | |
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement (1)
|
| | |
|
1.40%
|
| | | |
|
1.03% (2)
|
| | | |
|
0.94% (3)
|
| |
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
Ordinary Shares | | | | $ | 143 | | | | | $ | 464 | | | | | $ | 809 | | | | | $ | 1,782 | | |
Institutional Shares | | | | $ | 105 | | | | | $ | 375 | | | | | $ | 665 | | | | | $ | 1,492 | | |
R6 Shares | | | | $ | 96 | | | | | $ | 334 | | | | | $ | 591 | | | | | $ | 1,326 | | |
| Best Quarter: | | |
Q4 2020
|
| | | | 27.11% | | |
| Worst Quarter: | | |
Q1 2020
|
| | | | (33.17)% | | |
| | |
1 Year
|
| |
5 Years
|
| |
10 Years
|
| |||||||||
Ordinary Shares Before Tax
|
| | | | 2.65% | | | | | | 6.57% | | | | | | 5.87% | | |
After Tax on Distributions
|
| | | | 2.48% | | | | | | 6.49% | | | | | | 5.69% | | |
After Tax on Distributions, with Sale
|
| | | | 2.05% | | | | | | 5.32% | | | | | | 4.75% | | |
Institutional Shares Before Tax
|
| | | | 3.10% | | | | | | 6.94% | | | | | | 6.19% | | |
R6 Shares Before Tax
|
| | | | 3.14% | | | | | | N/A | | | | | | N/A | | |
MSCI EAFE Index (reflects no deductions for fees, expenses or taxes)
|
| | | | 8.28% | | | | | | 7.97% | | | | | | 6.00% | | |
Investment Team
|
| |
Position at Polaris
|
| |
Manager of the Fund Since
|
| |||
Bernard R. Horn, Jr. | | | President and Chief Investment Officer | | | | | 1998 | | |
Sumanta Biswas, CFA | | | Vice President and Assistant Portfolio Manager | | | | | 2004 | | |
Bin Xiao, CFA | | | Assistant Portfolio Manager | | | | | 2012 | | |
Jason M. Crawshaw | | | Assistant Portfolio Manager | | | | | 2017 | | |
Initial Investment Minimum
|
| |
Contact Information
|
|
Ordinary Shares: $2,500*
Individual retirement accounts, certain accounts for minors, and automatic investment accounts $1,000* Institutional Shares: $1,000,000*
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 R6 Shares: $100,000**
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 |
| |
Mail: Pear Tree Funds
Attention: Transfer Agent 55 Old Bedford Road, Suite 202 Lincoln, MA 01773
Telephone: 1-800-326-2151
Website: www.peartreefunds.com
|
|
Ongoing Investment Minimum
|
|
Ordinary Shares: 50 shares
Institutional Shares: 50 shares
R6 Shares: None
|
|
| | |
Ordinary Shares
|
| |
Institutional Shares
|
| |
R6 Shares
|
| |||||||||
Management Fees | | | | | 1.00% | | | | | | 1.00% | | | | | | 1.00% | | |
Distribution (12b-1) Fees | | | | | 0.25% | | | | | | None | | | | | | None | | |
Other Expenses | | | | | 0.28% | | | | | | 0.28% | | | | | | 0.13% | | |
Acquired Fund Fees and Expenses | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Total Annual Fund Operating Expenses
|
| | |
|
1.53%
|
| | | |
|
1.28%
|
| | | |
|
1.13%
|
| |
Fee Waiver and/or Expense Reimbursement (1) | | | | | 0.10% | | | | | | 0.22% (2) | | | | | | 0.10% | | |
Total Annual Fund Operating Expenses after
Fee Waiver and/or Expense Reimbursement (1)
|
| | |
|
1.43%
|
| | | |
|
1.06% (2)
|
| | | |
|
1.03%
|
| |
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
Ordinary Shares | | | | $ | 146 | | | | | $ | 474 | | | | | $ | 825 | | | | | $ | 1,815 | | |
Institutional Shares | | | | $ | 108 | | | | | $ | 384 | | | | | $ | 681 | | | | | $ | 1,526 | | |
R6 Shares | | | | $ | 105 | | | | | $ | 349 | | | | | $ | 613 | | | | | $ | 1,366 | | |
| Best Quarter: | | |
Q4 2020
|
| | | | 22.95% | | |
| Worst Quarter: | | |
Q1 2020
|
| | | | (30.70)% | | |
| | |
1 Year
|
| |
5 Years
|
| |
10 Years
|
| |||||||||
Ordinary Shares Before Tax
|
| | | | 6.36% | | | | | | 7.13% | | | | | | 6.52% | | |
After Tax on Distributions
|
| | | | 5.81% | | | | | | 6.58% | | | | | | 5.79% | | |
After Tax on Distributions, with Sale
|
| | | | 4.70% | | | | | | 5.73% | | | | | | 5.14% | | |
Institutional Shares Before Tax
|
| | | | 6.66% | | | | | | 7.47% | | | | | | 6.83% | | |
R6 Shares Before Tax
|
| | | | 6.74% | | | | | | N/A | | | | | | N/A | | |
MSCI ACWI ex USA Small Cap (reflects no deduction for fees, expenses or taxes)
|
| | | | 14.67% | | | | | | 9.78% | | | | | | 6.34% | | |
Investment Team
|
| |
Position at Polaris
|
| |
Manager of the Fund Since
|
| |||
Bernard R. Horn, Jr. | | | President and Chief Investment Officer | | | | | 2008 | | |
Sumanta Biswas, CFA | | | Vice President and Assistant Portfolio Manager | | | | | 2008 | | |
Bin Xiao, CFA | | | Assistant Portfolio Manager | | | | | 2012 | | |
Jason M. Crawshaw | | | Assistant Portfolio Manager | | | | | 2017 | | |
Initial Investment Minimum
|
| |
Contact Information
|
|
Ordinary Shares: $2,500*
Individual retirement accounts, certain accounts for minors, and automatic investment accounts $1,000* Institutional Shares: $1,000,000*
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 R6 Shares: $100,000**
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 |
| |
Mail: Pear Tree Funds
Attention: Transfer Agent 55 Old Bedford Road, Suite 202 Lincoln, MA 01773
Telephone: 1-800-326-2151
Website: www.peartreefunds.com
|
|
Ongoing Investment Minimum
|
|
Ordinary Shares: 50 shares
Institutional Shares: 50 shares
R6 Shares: None
|
|
| | |
Ordinary Shares
|
| |
Institutional Shares
|
| |
R6 Shares
|
| |||||||||
Management Fees | | | | | 0.90% | | | | | | 0.90% | | | | | | 0.90% | | |
Distribution (12b-1) Fees | | | | | 0.25% | | | | | | None | | | | | | None | | |
Other Expenses | | | | | 0.47% | | | | | | 0.47% | | | | | | 0.32% | | |
Acquired Fund Fees and Expenses | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Total Annual Fund Operating Expenses
|
| | |
|
1.62%
|
| | | |
|
1.37%
|
| | | |
|
1.22%
|
| |
Fee Waiver and/ or Expense Reimbursement | | | | | N/A | | | | | | 0.12% (1) | | | | | | N/A | | |
Total Annual Fund Operating Expenses after Fee Waiver and/ or Expense Reimbursement
|
| | |
|
1.62%
|
| | | |
|
1.25% (1)
|
| | | |
|
1.22%
|
| |
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
Ordinary Shares | | | | $ | 165 | | | | | $ | 511 | | | | | $ | 881 | | | | | $ | 1,922 | | |
Institutional Shares | | | | $ | 127 | | | | | $ | 422 | | | | | $ | 739 | | | | | $ | 1,636 | | |
R6 Shares | | | | $ | 124 | | | | | $ | 387 | | | | | $ | 670 | | | | | $ | 1,477 | | |
| Best Quarter: | | |
Q4 2020
|
| | | | 25.73% | | |
| Worst Quarter: | | |
Q1 2020
|
| | | | (32.88)% | | |
| | |
1 Year
|
| |||
Ordinary Shares Before Tax
|
| | | | 13.26% | | |
After Tax on Distributions
|
| | | | 13.05% | | |
After Tax on Distributions, with Sale
|
| | | | 7.96% | | |
Institutional Shares Before Tax
|
| | | | 13.71% | | |
R6 Shares Before Tax
|
| | | | 13.71% | | |
MSCI ACWI ex USA Index (reflects no deduction for fees, expenses or taxes)
|
| | | | 11.13% | | |
Investment Team
|
| |
Position at Polaris
|
| |
Manager of the Fund Since
|
| |||
Sumanta Biswas, CFA | | | Vice President and Assistant Portfolio Manager | | | | | 2019 | | |
Bin Xiao, CFA | | | Assistant Portfolio Manager | | | | | 2019 | | |
Jason M. Crawshaw | | | Assistant Portfolio Manager | | | | | 2019 | | |
Initial Investment Minimum
|
| |
Contact Information
|
|
Ordinary Shares: $2,500*
Individual retirement accounts, certain accounts for minors, and automatic investment accounts $1,000* Institutional Shares: $1,000,000*
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 R6 Shares: $100,000**
Certain wrap programs, registered advisers, certain government plans Pear Tree Fund affiliates and employees $0 |
| |
Mail: Pear Tree Funds
Attention: Transfer Agent 55 Old Bedford Road, Suite 202 Lincoln, MA 01773
Telephone: 1-800-326-2151
Website: www.peartreefunds.com
|
|
Ongoing Investment Minimum
|
|
Ordinary Shares: 50 shares
Institutional Shares: 50 shares
R6 Shares: None
|
|
Portfolio manager
|
| |
Portfolio manager
experience in this Fund |
| |
Primary title(s) with Sub-Adviser, primary role and investment experience
|
|
Mark D. Tindall, CFA | | | Since 2011 * | | |
Portfolio Manager
Investment professional since 1999
|
|
Portfolio manager
|
| |
Portfolio manager
experience in this Fund |
| |
Primary title(s) with Sub-Adviser, primary role and investment experience
|
|
Andrew Jacobson, CFA | | | Emerging Markets Fund since 2018 | | |
CEO/ Chief Investment Officer, Founder and Lead Portfolio Manager
Investment professional since 1987
|
|
Jose Gerado Morales, CFA | | | Emerging Markets Fund since 2018 | | |
Senior Vice President/Portfolio Manager, Co-Portfolio Manager
Investment professional since 1988
|
|
Andrew Yoon, CFA | | | Emerging Markets Fund since 2021 | | |
Vice President/Portfolio Manager, Co-Portfolio Manager
Investment professional since 2011
|
|
Portfolio manager
|
| |
Portfolio manager
experience in these Funds |
| |
Primary title(s) with Sub-Adviser, primary role and investment experience
|
|
Bernard R. Horn, Jr. | | |
Small Cap Fund since 2015; Lead Portfolio Manager
Foreign Value Fund since 1998 (Fund inception); Lead Portfolio Manager
Foreign Value Small Cap Fund since 2008 (Fund inception); Lead Portfolio Manager
|
| |
President and Chief Investment Officer since 1998.
Founder and Portfolio Manager since 1995.
Investment professional since 1980.
|
|
Sumanta Biswas, CFA | | |
Small Cap Fund since 2015
Foreign Value Fund since 2004
Foreign Value Small Cap Fund since 2008 (Fund inception) Assistant Portfolio Manager
International Opportunities Fund since 2019
|
| |
Vice President and Assistant Portfolio Manager since 2004.
Investment professional since 1996; 1996 to 2000 as an officer for the Securities and Exchange Board of India; in 2001 as an intern for Delta Partners; 2002 to 2004 as an Analyst for Polaris.
|
|
Portfolio manager
|
| |
Portfolio manager
experience in these Funds |
| |
Primary title(s) with Sub-Adviser, primary role and investment experience
|
|
Bin Xiao, CFA | | |
Small Cap Fund since 2015
Foreign Value Fund since 2008 Foreign Value Small Cap Fund since 2008
International Opportunities Fund since 2019
|
| |
Assistant Portfolio Manager since 2012
Analyst with Polaris since 2006.
Internship at HSBC Global Investment Banking in 2005, internship at Polaris in 2004/2005. 2002 to 2004 as a software architect and project manager at PNC Financial Service Group (PFPC), following positions as an information systems engineer and software engineer at Vanguard Group and RIT Research Corporation respectively. MBA MIT’s Sloan School of Management 2006; M.S. degree computer science Rochester Institute of Technology 2000; undergraduate degree Beijing Institute of Technology in China in 1998.
|
|
Jason M. Crawshaw | | |
Small Cap Fund since 2016
Foreign Value Fund since 2017
Foreign Value Small Cap Fund since 2017
International Opportunities Fund since 2019
|
| |
Assistant Portfolio Manager since 2015.
Analyst with Polaris since 2014.
Investment professional since 1994; 1994 to 1996, First Corp Merchant Bank, Equity Analyst for internal, hedge fund; 1996 to 1997, Coronation Securities, Equity Analyst/Assistant Portfolio Manager for internal hedge fund; 1998 to 2001, Equinox Holdings, Portfolio Manager for long/short small cap equity portfolio; 2002 to 2006, Brait Specialized Funds, Portfolio Manager for long/short small cap equity portfolio; 2007 to 2013, Liberty Square Asset Management, Managing Director and Portfolio Manager for boutique international hedge fund/asset manager.
|
|
| | |
Management Fee
s (without fee waivers) |
| |
Management Fees
(net of fee waivers) |
| ||||||
Small Cap Fund | | | | | 0.80% | | | | | | 0.80% | | |
Quality Fund | | | | | 1.00% | | | | | | 0.70% | | |
Emerging Markets Fund | | | | | 1.00% | | | | | | 0.78% | | |
Foreign Value Fund | | | | | 1.00% | | | | | | 0.90% | | |
Foreign Value Small Cap Fund | | | | | 1.00% | | | | | | 0.90% | | |
International Opportunities Fund | | | | | 0.90% | | | | | | 0.90% | | |
Minimum Initial Investment
|
| |
Eligible Classes of Institutional Share Investors
|
|
$1 million or more in at least one Pear Tree Fund account | | |
•
Any employee benefit plan with at least $10,000,000 in plan assets and 200 participants, that either has a separate trustee vested with investment discretion and certain limitations on the ability of plan beneficiaries to access its plan investments without incurring adverse tax consequences or which allows its participants to select among one or more investment options, including one or more Pear Tree Funds.
•
A bank or insurance company purchasing shares for its own account.
•
An insurance company separate account.
•
A bank, trust company, credit union, savings institution or other depository institution, its trust department or a common trust fund purchasing for non-discretionary customers or accounts.
|
|
Minimum Initial Investment
|
| |
Eligible Classes of Institutional Share Investors
|
|
$1 million or more aggregated in one or more Pear Tree Fund accounts | | |
•
A private foundation that meets the requirements of Section 501(c)(3) of the Internal Revenue Code.
•
An endowment or organization that meets the requirements of Section 509(a)(1) of the Internal Revenue Code.
•
A family trust, testamentary trust or other similar arrangement purchasing Institutional Shares through or upon the advice of a single fee-paid financial intermediary other than the Manager or Distributor.
|
|
| | | Provided, that the investor is purchasing Pear Tree Fund shares through a broker/dealer pursuant to an agreement with the Distributor. | |
None | | |
•
A mutual fund wrap program that offers allocation services, charges an asset-based fee to its participants for asset allocation and/or offers advisory services, and meets trading and operational requirements under an agreement with the Distributor or authorized clearing entity; You should ask your investment firm if it offers and you are eligible to participate in such a mutual fund program and whether participation in the program is consistent with your investment goals. The intermediaries sponsoring or participating in these mutual fund programs also may offer their clients other classes of shares of the Pear Tree Funds and investors may receive different levels of services or pay different fees depending upon the class of shares included in the program. Investors should consider carefully any separate transaction and other fees charged by these programs in connection with investing in each available share class before selecting a share class. Neither the Pear Tree Fund, nor the Manager, nor the Distributor receives any part of the separate fees charged to clients of such intermediaries.
•
A registered investment adviser that charges an asset-based investment advisory fee for its investment advisory services and is purchasing Pear Tree Fund shares on behalf of its investment advisory clients.
•
A state, county, city, or any instrumentality, department, authority, or agency of one of these types of entities, or a trust, pension, profit-sharing or other benefit plan for the benefit of the employees of one of these types of entities, provided that the investor is prohibited by applicable law from paying a sales charge or commission when it purchases shares of any registered investment management company; or
•
An officer, partner, trustee, director, or employee of Pear Tree Funds, any affiliate of Pear Tree Funds, and Sub-Adviser, and any affiliate of any Sub-Adviser (a “Fund Employee”), the spouse or child of a Fund Employee, a Fund Employee acting as custodian for a minor child, any trust, pension, profit-sharing or other benefit plan for the benefit of a Fund Employee or spouse and maintained by one of the above entities, the employee of a broker-dealer with whom the Distributor has a sales agreement or the spouse or child of such employee.
|
|
Minimum Initial Investment
|
| |
Eligible Classes of R6 Share Investors
|
|
$100,000 or more in at least one Pear Tree Fund account | | |
•
A qualified defined contribution plan or nonqualified, tax advantaged deferred compensation retirement (457) plan that allows its participants to select among one or more investment options, including one or more Pear Tree Funds.
•
A defined benefit plan, endowment, foundation, investment company, corporation, insurance company, trust company, or other type of institutional investor.
|
|
None | | |
•
A Fund Employee, the spouse or child of a Fund Employee, a Fund Employee acting as custodian for a minor child, any trust, pension, profit-sharing or other benefit plan for the benefit of a Fund Employee or spouse and maintained by one of the above entities, the employee of a broker-dealer with whom the Distributor has a sales agreement or the spouse or child of such employee.
|
|
| | |
Ordinary Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
15.45
|
| |
$
|
23.97
|
| |
$
|
25.48
|
| |
$
|
26.35
|
| |
$
|
21.61
|
||||||||||
Income from Investment Operations: | | | | | | | |||||||||||||||||||||||||
Net investment income (loss)(a)(b)
|
| | |
|
0.14
|
| |
|
0.15
|
| |
|
0.07
|
| |
|
0.07
|
| |
|
0.06
|
||||||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
12.00
|
| |
|
(6.73
|
)
|
| |
|
0.22
|
| |
|
0.68
|
| |
|
4.99
|
|||||||||
Total from Investment Operations | | | |
|
12.14
|
| |
|
(6.58
|
)
|
| |
|
0.29
|
| |
|
0.75
|
| |
|
5.05
|
|||||||||
Less Distributions: | | | | | | | |||||||||||||||||||||||||
Dividends from net investment income
|
| | |
|
(0.16
|
)
|
| |
|
(0.14
|
)
|
| |
|
(0.01
|
)
|
| |
|
(0.04
|
)
|
| |
|
(0.15
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
(1.80
|
)
|
| |
|
(1.79
|
)
|
| |
|
(1.58
|
)
|
| |
|
(0.16
|
)
|
||||||
Total Distributions | | | |
|
(0.16
|
)
|
| |
|
(1.94
|
)
|
| |
|
(1.80
|
)
|
| |
|
(1.62
|
)
|
| |
|
(0.31
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
27.43
|
| |
$
|
15.45
|
| |
$
|
23.97
|
| |
$
|
25.48
|
| |
$
|
26.35
|
||||||||||
Total Return | | | |
|
78.75
|
%
|
| |
|
(30.27
|
)%
|
| |
|
1.87
|
%
|
| |
|
2.75
|
%
|
| |
|
23.36
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
86,880
|
| |
$
|
60,008
|
| |
$
|
118,314
|
| |
$
|
109,341
|
| |
$
|
109,247
|
||||||||||
Ratios and Supplemental Data: | | | | | | | |||||||||||||||||||||||||
Ratios of expenses to average net assets:(c) | | | | | | | |||||||||||||||||||||||||
Gross
|
| | |
|
1.37
|
%
|
| |
|
1.35
|
%
|
| |
|
1.34
|
%
|
| |
|
1.35
|
%
|
| |
|
1.35
|
%
|
|||||
Net
|
| | |
|
1.37
|
%
|
| |
|
1.35
|
%
|
| |
|
1.34
|
%
|
| |
|
1.35
|
%
|
| |
|
1.35
|
%
|
|||||
Ratio of net investment income (loss) to average net assets(b)
|
| | |
|
0.66
|
%
|
| |
|
0.63
|
%
|
| |
|
0.29
|
%
|
| |
|
0.25
|
%
|
| |
|
0.25
|
%
|
|||||
Portfolio Turnover
|
| | |
|
33
|
%
|
| |
|
28
|
%
|
| |
|
24
|
%
|
| |
|
18
|
%
|
| |
|
37
|
%
|
| | |
Institutional Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
18.73
|
| |
$
|
28.67
|
| |
$
|
30.07
|
| |
$
|
30.80
|
| |
$
|
25.19
|
||||||||||
Income from Investment Operations: | | | | | | | |||||||||||||||||||||||||
Net investment income (loss) (a) (b)
|
| | |
|
0.26
|
(d)
|
| |
|
0.27
|
(d)
|
| |
|
0.21
|
(d)
|
| |
|
0.19
|
(d)
|
| |
|
0.14
|
||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
14.57
|
| |
|
(8.17
|
)
|
| |
|
0.28
|
| |
|
0.79
|
| |
|
5.83
|
|||||||||
Total from Investment Operations | | | |
|
14.83
|
| |
|
(7.90
|
)
|
| |
|
0.49
|
| |
|
0.98
|
| |
|
5.97
|
|||||||||
Less Distributions: | | | | | | | |||||||||||||||||||||||||
Dividends from net investment income
|
| | |
|
(0.24
|
)
|
| |
|
(0.24
|
)
|
| |
|
(0.10
|
)
|
| |
|
(0.13
|
)
|
| |
|
(0.20
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
(1.80
|
)
|
| |
|
(1.79
|
)
|
| |
|
(1.58
|
)
|
| |
|
(0.16
|
)
|
||||||
Total Distributions | | | |
|
(0.24
|
)
|
| |
|
(2.04
|
)
|
| |
|
(1.89
|
)
|
| |
|
(1.71
|
)
|
| |
|
(0.36
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
33.32
|
| |
$
|
18.73
|
| |
$
|
28.67
|
| |
$
|
30.07
|
| |
$
|
30.80
|
||||||||||
Total Return | | | |
|
79.43
|
%
|
| |
|
(30.02
|
)%
|
| |
|
2.30
|
%
|
| |
|
3.10
|
%
|
| |
|
23.71
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
8,792
|
| |
$
|
5,681
|
| |
$
|
4,839
|
| |
$
|
7,395
|
| |
$
|
7,220
|
||||||||||
Ratios and Supplemental Data: | | | | | | | |||||||||||||||||||||||||
Ratios of expenses to average net assets: (c) | | | | | | | |||||||||||||||||||||||||
Gross
|
| | |
|
1.12
|
%
|
| |
|
1.10
|
%
|
| |
|
1.08
|
%
|
| |
|
1.10
|
%
|
| |
|
1.10
|
%
|
|||||
Net
|
| | |
|
1.00
|
%
|
| |
|
0.98
|
%
|
| |
|
0.96
|
%
|
| |
|
0.98
|
%
|
| |
|
1.10
|
%
|
|||||
Ratio of net investment income (loss) to average net assets (b)
|
| | |
|
1.04
|
%
|
| |
|
1.02
|
%
|
| |
|
0.65
|
%
|
| |
|
0.62
|
%
|
| |
|
0.49
|
%
|
|||||
Portfolio Turnover
|
| | |
|
33
|
%
|
| |
|
28
|
%
|
| |
|
24
|
%
|
| |
|
18
|
%
|
| |
|
37
|
%
|
| | |
Ordinary Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
15.06
|
| |
$
|
18.66
|
| |
$
|
18.83
|
| |
$
|
17.52
|
| |
$
|
16.31
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss)(a)(b)(c)
|
| | |
|
0.10
|
| |
|
0.12
|
| |
|
0.14
|
| |
|
0.15
|
| |
|
0.16
|
||||||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
7.55
|
| |
|
(0.19
|
)
|
| |
|
2.23
|
| |
|
2.49
|
| |
|
2.04
|
|||||||||
Total from Investment Operations | | | |
|
7.65
|
| |
|
(0.07
|
)
|
| |
|
2.37
|
| |
|
2.64
|
| |
|
2.20
|
|||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.10
|
)
|
| |
|
(0.15
|
)
|
| |
|
(0.12
|
)
|
| |
|
(0.18
|
)
|
| |
|
(0.19
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
(1.47
|
)
|
| |
|
(3.38
|
)
|
| |
|
(2.42
|
)
|
| |
|
(1.15
|
)
|
| |
|
(0.80
|
)
|
|||||
Total Distributions | | | |
|
(1.57
|
)
|
| |
|
(3.53
|
)
|
| |
|
(2.54
|
)
|
| |
|
(1.33
|
)
|
| |
|
(0.99
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
21.14
|
| |
$
|
15.06
|
| |
$
|
18.66
|
| |
$
|
18.83
|
| |
$
|
17.52
|
||||||||||
Total Return | | | |
|
51.83
|
%
|
| |
|
(2.98
|
)%
|
| |
|
14.16
|
%
|
| |
|
14.91
|
%
|
| |
|
14.04
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
137,485
|
| |
$
|
97,951
|
| |
$
|
137,643
|
| |
$
|
123,781
|
| |
$
|
112,513
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets:(d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.52
|
%
|
| |
|
1.54
|
%
|
| |
|
1.54
|
%
|
| |
|
1.54
|
%
|
| |
|
1.55
|
%
|
|||||
Net
|
| | |
|
1.22
|
%
|
| |
|
1.27
|
%
|
| |
|
1.25
|
%
|
| |
|
1.28
|
%
|
| |
|
1.30
|
%
|
|||||
Ratio of net investment income (loss) to average net assets(c)
|
| | |
|
0.53
|
%
|
| |
|
0.62
|
%
|
| |
|
0.72
|
%
|
| |
|
0.81
|
%
|
| |
|
0.97
|
%
|
|||||
Portfolio Turnover
|
| | |
|
41
|
%
|
| |
|
35
|
%
|
| |
|
57
|
%
|
| |
|
48
|
%
|
| |
|
31
|
%
|
| | |
Institutional Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
16.53
|
| |
$
|
20.18
|
| |
$
|
20.15
|
| |
$
|
18.65
|
| |
$
|
17.30
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss) (a) (b) (c)
|
| | |
|
0.20
|
| |
|
0.21
|
| |
|
0.23
|
| |
|
0.24
|
| |
|
0.22
|
||||||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
8.30
|
| |
|
(0.25
|
)
|
| |
|
2.40
|
| |
|
2.65
|
| |
|
2.16
|
|||||||||
Total from Investment Operations | | | |
|
8.50
|
| |
|
(0.04
|
)
|
| |
|
2.63
|
| |
|
2.89
|
| |
|
2.38
|
|||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.17
|
)
|
| |
|
(0.23
|
)
|
| |
|
(0.18
|
)
|
| |
|
(0.24
|
)
|
| |
|
(0.23
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
(1.47
|
)
|
| |
|
(3.38
|
)
|
| |
|
(2.42
|
)
|
| |
|
(1.15
|
)
|
| |
|
(0.80
|
)
|
|||||
Total Distributions | | | |
|
(1.64
|
)
|
| |
|
(3.61
|
)
|
| |
|
(2.60
|
)
|
| |
|
(1.39
|
)
|
| |
|
(1.03
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
23.39
|
| |
$
|
16.53
|
| |
$
|
20.18
|
| |
$
|
20.15
|
| |
$
|
18.65
|
||||||||||
Total Return | | | |
|
52.42
|
%
|
| |
|
(2.62
|
)%
|
| |
|
14.59
|
%
|
| |
|
15.34
|
%
|
| |
|
14.30
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
46,891
|
| |
$
|
9,624
|
| |
$
|
6,084
|
| |
$
|
6,064
|
| |
$
|
6,569
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets: (d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.27
|
%
|
| |
|
1.29
|
%
|
| |
|
1.29
|
%
|
| |
|
1.29
|
%
|
| |
|
1.30
|
%
|
|||||
Net
|
| | |
|
0.80
|
%
|
| |
|
0.90
|
%
|
| |
|
0.87
|
%
|
| |
|
0.93
|
%
|
| |
|
1.05
|
%
|
|||||
Ratio of net investment income (loss) to average net assets (c)
|
| | |
|
0.92
|
%
|
| |
|
1.04
|
%
|
| |
|
1.08
|
%
|
| |
|
1.17
|
%
|
| |
|
1.22
|
%
|
|||||
Portfolio Turnover
|
| | |
|
41
|
%
|
| |
|
35
|
%
|
| |
|
57
|
%
|
| |
|
48
|
%
|
| |
|
31
|
%
|
| | |
Ordinary Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
18.21
|
| |
$
|
20.86
|
| |
$
|
23.29
|
| |
$
|
20.40
|
| |
$
|
18.96
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss)(a)(b)(c)
|
| | |
|
(0.04
|
)
|
| |
|
0.22
|
| |
|
0.38
|
| |
|
0.32
|
| |
|
0.23
|
|||||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
11.83
|
| |
|
(2.53
|
)
|
| |
|
(2.36
|
)
|
| |
|
2.85
|
| |
|
1.52
|
||||||||
Total from Investment Operations | | | |
|
11.79
|
| |
|
(2.31
|
)
|
| |
|
(1.98
|
)
|
| |
|
3.17
|
| |
|
1.75
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.24
|
)
|
| |
|
(0.34
|
)
|
| |
|
(0.45
|
)
|
| |
|
(0.28
|
)
|
| |
|
(0.31
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
—
|
| |
|
—
|
| |
|
—
|
||||||||||
Total Distributions | | | |
|
(0.24
|
)
|
| |
|
(0.34
|
)
|
| |
|
(0.45
|
)
|
| |
|
(0.28
|
)
|
| |
|
(0.31
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
29.76
|
| |
$
|
18.21
|
| |
$
|
20.86
|
| |
$
|
23.29
|
| |
$
|
20.40
|
||||||||||
Total Return | | | |
|
64.78
|
%
|
| |
|
(11.35
|
)%
|
| |
|
(8.31
|
)%
|
| |
|
15.63
|
%
|
| |
|
9.39
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
109,522
|
| |
$
|
64,322
|
| |
$
|
89,347
|
| |
$
|
110,502
|
| |
$
|
102,633
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets:(d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.68
|
%
|
| |
|
1.70
|
%
|
| |
|
1.67
|
%
|
| |
|
1.07
|
%
|
| |
|
1.21
|
%
|
|||||
Net
|
| | |
|
1.46
|
%
|
| |
|
1.48
|
%
|
| |
|
1.46
|
%
|
| |
|
0.97
|
%
|
| |
|
1.09
|
%
|
|||||
Ratio of net investment income (loss) to average net assets(c)
|
| | |
|
(0.16
|
)%
|
| |
|
1.01
|
%
|
| |
|
1.81
|
%
|
| |
|
1.46
|
%
|
| |
|
1.21
|
%
|
|||||
Portfolio Turnover
|
| | |
|
128
|
%
|
| |
|
104
|
%
|
| |
|
172
|
%(e)
|
| |
|
50
|
%
|
| |
|
47
|
%
|
| | |
Institutional Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
18.47
|
| |
$
|
21.16
|
| |
$
|
23.63
|
| |
$
|
20.69
|
| |
$
|
19.23
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss) (a)(b)(c)
|
| | |
|
0.06
|
| |
|
0.26
|
| |
|
0.48
|
| |
|
0.40
|
| |
|
0.34
|
||||||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
12.02
|
| |
|
(2.52
|
)
|
| |
|
(2.42
|
)
|
| |
|
2.89
|
| |
|
1.49
|
||||||||
Total from Investment Operations | | | |
|
12.08
|
| |
|
(2.26
|
)
|
| |
|
(1.94
|
)
|
| |
|
3.29
|
| |
|
1.83
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.33
|
)
|
| |
|
(0.43
|
)
|
| |
|
(0.53
|
)
|
| |
|
(0.35
|
)
|
| |
|
(0.37
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
—
|
| |
|
—
|
| |
|
—
|
||||||||||
Total Distributions | | | |
|
(0.33
|
)
|
| |
|
(0.43
|
)
|
| |
|
(0.53
|
)
|
| |
|
(0.35
|
)
|
| |
|
(0.37
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
30.22
|
| |
$
|
18.47
|
| |
$
|
21.16
|
| |
$
|
23.63
|
| |
$
|
20.69
|
||||||||||
Total Return | | | |
|
65.44
|
%
|
| |
|
(11.02
|
)%
|
| |
|
(7.94
|
)%
|
| |
|
16.01
|
%
|
| |
|
9.68
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
6,885
|
| |
$
|
4,440
|
| |
$
|
5,061
|
| |
$
|
7,872
|
| |
$
|
8,078
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets: (d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.43
|
%
|
| |
|
1.45
|
%
|
| |
|
1.41
|
%
|
| |
|
0.82
|
%
|
| |
|
0.95
|
%
|
|||||
Net
|
| | |
|
1.09
|
%
|
| |
|
1.11
|
%
|
| |
|
1.08
|
%
|
| |
|
0.61
|
%
|
| |
|
0.83
|
%
|
|||||
Ratio of net investment income (loss) to average net assets (c)
|
| | |
|
0.21
|
%
|
| |
|
1.19
|
%
|
| |
|
2.21
|
%
|
| |
|
1.80
|
%
|
| |
|
1.69
|
%
|
|||||
Portfolio Turnover
|
| | |
|
128
|
%
|
| |
|
104
|
%
|
| |
|
172
|
%(e)
|
| |
|
50
|
%
|
| |
|
47
|
%
|
| | |
R6 Shares
|
| |||||||||||||||
| | |
Years Ended
|
| |
January 28, 2019*
|
| ||||||||||||
| | |
2021
|
| |
2020
|
| |
through March 31, 2019
|
| |||||||||
Net Asset Value, Beginning of Period | | | |
$
|
8.96
|
| |
$
|
10.47
|
| |
$
|
10.00
|
| | ||||
Income from Investment Operations: | | | | | | | | | | | | | | | | ||||
Net investment income (loss) (a) (b) (c)
|
| | |
|
0.04
|
| |
|
0.18
|
| |
|
0.01
|
| | ||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
5.83
|
| |
|
(1.26
|
)
|
| |
|
0.46
|
| | |||
Total from Investment Operations | | | |
|
5.87
|
| |
|
(1.08
|
)
|
| |
|
0.47
|
| | |||
Less Distributions: | | | | | | | | | | | | | | | | ||||
Dividends from net investment income
|
| | |
|
(0.34
|
)
|
| |
|
(0.43
|
)
|
| |
|
—
|
| | ||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
—
|
| | ||||
Total Distributions | | | |
|
(0.34
|
)
|
| |
|
(0.43
|
)
|
| |
|
—
|
| | ||
Net Asset Value, End of Period | | | |
$
|
14.49
|
| |
$
|
8.96
|
| |
$
|
10.47
|
| | ||||
Total Return | | | |
|
65.58
|
%
|
| |
|
(10.95
|
)%
|
| |
|
4.70%***
|
| | ||
Net Assets, End of Period (000s) | | | |
$
|
1,282
|
| |
$
|
566
|
| |
$
|
105
|
| | ||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | ||||
Ratios of expenses to average net assets: (d) | | | | | | | | | | | | | | | | ||||
Gross
|
| | |
|
1.28
|
%
|
| |
|
1.30
|
%
|
| |
|
1.64%**
|
| | ||
Net
|
| | |
|
0.99
|
%
|
| |
|
0.99
|
%
|
| |
|
0.99%**
|
| | ||
Ratio of net investment income (loss) to average net assets (c) | | | |
|
0.29
|
%
|
| |
|
1.58
|
%
|
| |
|
0.44%**
|
| | ||
Portfolio Turnover
|
| | |
|
128
|
%
|
| |
|
104
|
%
|
| |
|
172% (e)
|
| |
| | |
Ordinary Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
14.83
|
| |
$
|
20.77
|
| |
$
|
21.75
|
| |
$
|
19.15
|
| |
$
|
17.03
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss)(a)(c)
|
| | |
|
0.23
|
(b)
|
| |
|
0.44
|
(b)
|
| |
|
0.38
|
(b)
|
| |
|
0.29
|
(b)
|
| |
|
0.23
|
||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
9.62
|
| |
|
(6.13
|
)
|
| |
|
(1.17
|
)
|
| |
|
2.44
|
| |
|
2.07
|
||||||||
Total from Investment Operations | | | |
|
9.85
|
| |
|
(5.69
|
)
|
| |
|
(0.79
|
)
|
| |
|
2.73
|
| |
|
2.30
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.35
|
)
|
| |
|
(0.25
|
)
|
| |
|
(0.11
|
)
|
| |
|
(0.13
|
)
|
| |
|
(0.18
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
(0.08
|
)
|
| |
|
—
|
| |
|
—
|
|||||||||
Total Distributions | | | |
|
(0.35
|
)
|
| |
|
(0.25
|
)
|
| |
|
(0.19
|
)
|
| |
|
(0.13
|
)
|
| |
|
(0.18
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
24.33
|
| |
$
|
14.83
|
| |
$
|
20.77
|
| |
$
|
21.75
|
| |
$
|
19.15
|
||||||||||
Total Return | | | |
|
66.76
|
%
|
| |
|
(27.75
|
)%
|
| |
|
(3.56
|
)%
|
| |
|
14.27
|
%
|
| |
|
13.59
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
524,972
|
| |
$
|
435,137
|
| |
$
|
784,820
|
| |
$
|
886,354
|
| |
$
|
859,328
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net
assets:(d)
|
| | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.50
|
%
|
| |
|
1.50
|
%
|
| |
|
1.51
|
%
|
| |
|
1.51
|
%
|
| |
|
1.53
|
%
|
|||||
Net
|
| | |
|
1.40
|
%
|
| |
|
1.40
|
%
|
| |
|
1.41
|
%
|
| |
|
1.41
|
%
|
| |
|
1.53
|
%
|
|||||
Ratio of net investment income (loss) to average net assets(c)
|
| | |
|
1.18
|
%
|
| |
|
2.13
|
%
|
| |
|
1.80
|
%
|
| |
|
1.39
|
%
|
| |
|
1.31
|
%
|
|||||
Portfolio Turnover
|
| | |
|
23
|
%
|
| |
|
28
|
%
|
| |
|
12
|
%
|
| |
|
30
|
%
|
| |
|
15
|
%
|
| | |
Institutional Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
14.78
|
| |
$
|
20.71
|
| |
$
|
21.71
|
| |
$
|
19.10
|
| |
$
|
17.00
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss)(a)(c)
|
| | |
|
0.31
|
(b)
|
| |
|
0.50
|
(b)
|
| |
|
0.42
|
(b)
|
| |
|
0.33
|
(b)
|
| |
|
0.26
|
||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
9.60
|
| |
|
(6.09
|
)
|
| |
|
(1.14
|
)
|
| |
|
2.49
|
| |
|
2.07
|
||||||||
Total from Investment Operations | | | |
|
9.91
|
| |
|
(5.59
|
)
|
| |
|
(0.72
|
)
|
| |
|
2.82
|
| |
|
2.33
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.44
|
)
|
| |
|
(0.34
|
)
|
| |
|
(0.20
|
)
|
| |
|
(0.21
|
)
|
| |
|
(0.23
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
(0.08
|
)
|
| |
|
—
|
| |
|
—
|
|||||||||
Total Distributions | | | |
|
(0.44
|
)
|
| |
|
(0.34
|
)
|
| |
|
(0.28
|
)
|
| |
|
(0.21
|
)
|
| |
|
(0.23
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
24.25
|
| |
$
|
14.78
|
| |
$
|
20.71
|
| |
$
|
21.71
|
| |
$
|
19.10
|
||||||||||
Total Return | | | |
|
67.42
|
%
|
| |
|
(27.50
|
)%
|
| |
|
(3.20
|
)%
|
| |
|
14.75
|
%
|
| |
|
13.82
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
2,962,171
|
| |
$
|
1,740,548
|
| |
$
|
2,509,455
|
| |
$
|
1,346,164
|
| |
$
|
759,793
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets:(d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.25
|
%
|
| |
|
1.25
|
%
|
| |
|
1.26
|
%
|
| |
|
1.26
|
%
|
| |
|
1.27
|
%
|
|||||
Net
|
| | |
|
1.03
|
%
|
| |
|
1.03
|
%
|
| |
|
1.04
|
%
|
| |
|
1.04
|
%
|
| |
|
1.27
|
%
|
|||||
Ratio of net investment income (loss) to average net assets(c)
|
| | |
|
1.56
|
%
|
| |
|
2.45
|
%
|
| |
|
1.98
|
%
|
| |
|
1.57
|
%
|
| |
|
1.49
|
%
|
|||||
Portfolio Turnover
|
| | |
|
23
|
%
|
| |
|
28
|
%
|
| |
|
12
|
%
|
| |
|
30
|
%
|
| |
|
15
|
%
|
| | |
R6 Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |
February 6, 2017*
through March 31, 2017 |
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| ||||||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
7.72
|
| |
$
|
10.97
|
| |
$
|
11.65
|
| |
$
|
10.34
|
| |
$
|
10.00
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss) (a) (c)
|
| | |
|
0.17
|
(b)
|
| |
|
0.25
|
(b)
|
| |
|
0.25
|
(b)
|
| |
|
0.19
|
(b)
|
| |
|
0.05
|
||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
4.98
|
| |
|
(3.16
|
)
|
| |
|
(0.64
|
)
|
| |
|
1.34
|
| |
|
0.29
|
||||||||
Total from Investment Operations | | | |
|
5.15
|
| |
|
(2.91
|
)
|
| |
|
(0.39
|
)
|
| |
|
1.53
|
| |
|
0.34
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.44
|
)
|
| |
|
(0.34
|
)
|
| |
|
(0.21
|
)
|
| |
|
(0.22
|
)
|
| |
|
—
|
||||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
(0.08
|
)
|
| |
|
—
|
| |
|
—
|
|||||||||
Total Distributions | | | |
|
(0.44
|
)
|
| |
|
(0.34
|
)
|
| |
|
(0.29
|
)
|
| |
|
(0.22
|
)
|
| |
|
—
|
||||||
Net Asset Value, End of Period | | | |
$
|
12.43
|
| |
$
|
7.72
|
| |
$
|
10.97
|
| |
$
|
11.65
|
| |
$
|
10.34
|
||||||||||
Total Return | | | |
|
67.52
|
%
|
| |
|
(27.43
|
)%
|
| |
|
(3.15
|
)%
|
| |
|
14.79
|
%
|
| |
|
3.40
|
%***
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
676,695
|
| |
$
|
384,224
|
| |
$
|
325,774
|
| |
$
|
275,084
|
| |
$
|
36,982
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets: (d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.10
|
%
|
| |
|
1.10
|
%
|
| |
|
1.11
|
%
|
| |
|
1.10
|
%
|
| |
|
1.14
|
%**
|
|||||
Net
|
| | |
|
0.94
|
%
|
| |
|
0.94
|
%
|
| |
|
0.98
|
%
|
| |
|
1.01
|
%
|
| |
|
1.14
|
%**
|
|||||
Ratio of net investment income (loss) to average net assets (c)
|
| | |
|
1.66
|
%
|
| |
|
2.28
|
%
|
| |
|
2.22
|
%
|
| |
|
1.58
|
%
|
| |
|
3.39
|
%**
|
|||||
Portfolio Turnover
|
| | |
|
23
|
%
|
| |
|
28
|
%
|
| |
|
12
|
%
|
| |
|
30
|
%
|
| |
|
15
|
%***
|
| | |
Ordinary Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
10.07
|
| |
$
|
13.56
|
| |
$
|
15.63
|
| |
$
|
13.71
|
| |
$
|
12.06
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss)(a)(c)
|
| | |
|
0.12
|
(b)
|
| |
|
0.65
|
(b)
|
| |
|
0.33
|
(b)
|
| |
|
0.28
|
(b)
|
| |
|
0.23
|
||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
6.88
|
| |
|
(3.76
|
)
|
| |
|
(1.84
|
)
|
| |
|
2.07
|
| |
|
1.64
|
||||||||
Total from Investment Operations | | | |
|
7.00
|
| |
|
(3.11
|
)
|
| |
|
(1.51
|
)
|
| |
|
2.35
|
| |
|
1.87
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.53
|
)
|
| |
|
(0.38
|
)
|
| |
|
(0.24
|
)
|
| |
|
(0.29
|
)
|
| |
|
(0.14
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
(0.32
|
)
|
| |
|
(0.14
|
)
|
| |
|
(0.08
|
)
|
|||||||
Total Distributions | | | |
|
(0.53
|
)
|
| |
|
(0.38
|
)
|
| |
|
(0.56
|
)
|
| |
|
(0.43
|
)
|
| |
|
(0.22
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
16.54
|
| |
$
|
10.07
|
| |
$
|
13.56
|
| |
$
|
15.63
|
| |
$
|
13.71
|
||||||||||
Total Return | | | |
|
70.25
|
%
|
| |
|
(23.73
|
)%
|
| |
|
(9.33
|
)%
|
| |
|
17.15
|
%
|
| |
|
15.73
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
194,665
|
| |
$
|
133,912
|
| |
$
|
222,526
|
| |
$
|
319,531
|
| |
$
|
270,948
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets:(d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.53
|
%
|
| |
|
1.53
|
%
|
| |
|
1.53
|
%
|
| |
|
1.52
|
%
|
| |
|
1.55
|
%
|
|||||
Net
|
| | |
|
1.43
|
%
|
| |
|
1.43
|
%
|
| |
|
1.43
|
%
|
| |
|
1.42
|
%
|
| |
|
1.55
|
%
|
|||||
Ratio of net investment income (loss) to average net assets(c)
|
| | |
|
0.90
|
%
|
| |
|
4.85
|
%
|
| |
|
2.29
|
%
|
| |
|
1.85
|
%
|
| |
|
1.82
|
%
|
|||||
Portfolio Turnover
|
| | |
|
35
|
%
|
| |
|
33
|
%
|
| |
|
52
|
%
|
| |
|
26
|
%
|
| |
|
46
|
%
|
| | |
Institutional Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| |
2017
|
| |||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
10.07
|
| |
$
|
13.57
|
| |
$
|
15.66
|
| |
$
|
13.73
|
| |
$
|
12.07
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss)(a)(c)
|
| | |
|
0.17
|
(b)
|
| |
|
0.69
|
(b)
|
| |
|
0.37
|
(b)
|
| |
|
0.32
|
(b)
|
| |
|
0.25
|
||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
6.88
|
| |
|
(3.76
|
)
|
| |
|
(1.83
|
)
|
| |
|
2.09
|
| |
|
1.66
|
||||||||
Total from Investment Operations | | | |
|
7.05
|
| |
|
(3.07
|
)
|
| |
|
(1.46
|
)
|
| |
|
2.41
|
| |
|
1.91
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.58
|
)
|
| |
|
(0.43
|
)
|
| |
|
(0.31
|
)
|
| |
|
(0.34
|
)
|
| |
|
(0.17
|
)
|
|||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
(0.32
|
)
|
| |
|
(0.14
|
)
|
| |
|
(0.08
|
)
|
|||||||
Total Distributions | | | |
|
(0.58
|
)
|
| |
|
(0.43
|
)
|
| |
|
(0.63
|
)
|
| |
|
(0.48
|
)
|
| |
|
(0.25
|
)
|
|||||
Net Asset Value, End of Period | | | |
$
|
16.54
|
| |
$
|
10.07
|
| |
$
|
13.57
|
| |
$
|
15.66
|
| |
$
|
13.73
|
||||||||||
Total Return | | | |
|
70.84
|
%
|
| |
|
(23.50
|
)%
|
| |
|
(8.95
|
)%
|
| |
|
17.56
|
%
|
| |
|
16.13
|
%
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
625,221
|
| |
$
|
367,321
|
| |
$
|
766,409
|
| |
$
|
593,619
|
| |
$
|
312,955
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets:(d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.28
|
%
|
| |
|
1.28
|
%
|
| |
|
1.28
|
%
|
| |
|
1.27
|
%
|
| |
|
1.30
|
%
|
|||||
Net
|
| | |
|
1.06
|
%
|
| |
|
1.06
|
%
|
| |
|
1.06
|
%
|
| |
|
1.05
|
%
|
| |
|
1.30
|
%
|
|||||
Ratio of net investment income (loss) to average net assets(c)
|
| | |
|
1.27
|
%
|
| |
|
5.02
|
%
|
| |
|
2.57
|
%
|
| |
|
2.08
|
%
|
| |
|
2.03
|
%
|
|||||
Portfolio Turnover
|
| | |
|
35
|
%
|
| |
|
33
|
%
|
| |
|
52
|
%
|
| |
|
26
|
%
|
| |
|
46
|
%
|
| | |
R6 Shares
|
| |||||||||||||||||||||||||||
| | |
Years Ended March 31,
|
| |
February 6, 2017*
through March 31, 2017 |
| ||||||||||||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |
2018
|
| ||||||||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
7.53
|
| |
$
|
10.25
|
| |
$
|
12.02
|
| |
$
|
10.63
|
| |
$
|
10.00
|
||||||||||
Income from Investment Operations: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Net investment income (loss) (a) (c)
|
| | |
|
0.13
|
(b)
|
| |
|
0.55
|
(b)
|
| |
|
0.24
|
(b)
|
| |
|
0.26
|
(b)
|
| |
|
0.04
|
||||||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
5.12
|
| |
|
(2.83
|
)
|
| |
|
(1.38
|
)
|
| |
|
1.62
|
| |
|
0.59
|
||||||||
Total from Investment Operations | | | |
|
5.25
|
| |
|
(2.28
|
)
|
| |
|
(1.14
|
)
|
| |
|
1.88
|
| |
|
0.63
|
||||||||
Less Distributions: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Dividends from net investment income
|
| | |
|
(0.58
|
)
|
| |
|
(0.44
|
)
|
| |
|
(0.31
|
)
|
| |
|
(0.35
|
)
|
| |
|
—
|
||||||
Distributions from realized capital gains
|
| | |
|
—
|
| |
|
—
|
| |
|
(0.32
|
)
|
| |
|
(0.14
|
)
|
| |
|
—
|
||||||||
Total Distributions | | | |
|
(0.58
|
)
|
| |
|
(0.44
|
)
|
| |
|
(0.63
|
)
|
| |
|
(0.49
|
)
|
| |
|
—
|
||||||
Net Asset Value, End of Period | | | |
$
|
12.20
|
| |
$
|
7.53
|
| |
$
|
10.25
|
| |
$
|
12.02
|
| |
$
|
10.63
|
||||||||||
Total Return | | | |
|
70.90
|
%
|
| |
|
(23.46
|
)%
|
| |
|
(8.95
|
)%
|
| |
|
17.66
|
%
|
| |
|
6.30
|
%***
|
|||||
Net Assets, End of Period (000s) | | | |
$
|
129,822
|
| |
$
|
96,708
|
| |
$
|
74,795
|
| |
$
|
11,160
|
| |
$
|
1,927
|
||||||||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Ratios of expenses to average net assets: (d) | | | | | | | | | | | | | | | | | | | | | | ||||||||||
Gross
|
| | |
|
1.13
|
%
|
| |
|
1.13
|
%
|
| |
|
1.14
|
%
|
| |
|
1.12
|
%
|
| |
|
1.14
|
%**
|
|||||
Net
|
| | |
|
1.03
|
%
|
| |
|
1.03
|
%
|
| |
|
1.05
|
%
|
| |
|
1.02
|
%
|
| |
|
1.14
|
%**
|
|||||
Ratio of net investment income (loss) to average net assets (c)
|
| | |
|
1.32
|
%
|
| |
|
5.62
|
%
|
| |
|
2.28
|
%
|
| |
|
2.12
|
%
|
| |
|
2.95
|
%**
|
|||||
Portfolio Turnover
|
| | |
|
35
|
%
|
| |
|
33
|
%
|
| |
|
52
|
%
|
| |
|
26
|
%
|
| |
|
46
|
%***
|
| | |
Ordinary Shares
|
| |||||||||||||||
| | |
Years Ended March 31,
|
| |
January 30, 2019*
through March 31, 2019 |
| ||||||||||||
| | |
2021
|
| |
2020
|
| | | | | | | ||||||
Net Asset Value, Beginning of Period | | | |
$
|
7.98
|
| |
$
|
10.60
|
| |
$
|
10.00
|
| | ||||
Income from Investment Operations: | | | | | | | | | | | | | | | | ||||
Net investment income (loss)(a)(c)
|
| | |
|
0.01
|
| |
|
(0.05
|
)
|
| |
|
(0.04)
|
| | |||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
6.05
|
| |
|
(2.54
|
)
|
| |
|
0.64
|
| | |||
Total from Investment Operations | | | |
|
6.06
|
| |
|
(2.59
|
)
|
| |
|
0.60
|
| | |||
Less Distributions: | | | | | | | | | | | | | | | | ||||
Dividends from net investment income
|
| | |
|
—
|
| |
|
—
|
| |
|
—
|
| | ||||
Distributions from realized capital gains
|
| | |
|
(0.09
|
)
|
| |
|
(0.03
|
)
|
| |
|
—
|
| | ||
Total Distributions | | | |
|
(0.09
|
)
|
| |
|
(0.03
|
)
|
| |
|
—
|
| | ||
Net Asset Value, End of Period | | | |
$
|
13.95
|
| |
$
|
7.98
|
| |
$
|
10.60
|
| | ||||
Total Return | | | |
|
76.07
|
%
|
| |
|
(24.50
|
)%
|
| |
|
6.00%***
|
| | ||
Net Assets, End of Period (000s) | | | |
$
|
86
|
| |
$
|
49
|
| |
$
|
63
|
| | ||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | ||||
Ratios of expenses to average net assets:(d) | | | | | | | | | | | | | | | | ||||
Gross
|
| | |
|
1.62
|
%
|
| |
|
1.90
|
%
|
| |
|
4.54%**
|
| | ||
Net
|
| | |
|
1.62
|
%
|
| |
|
1.90
|
%
|
| |
|
4.54%**
|
| | ||
Ratio of net investment income (loss) to average net assets(c) | | | |
|
0.12
|
%
|
| |
|
(0.44
|
)%
|
| |
|
(3.52)%**
|
| | ||
Portfolio Turnover
|
| | |
|
55
|
%
|
| |
|
142
|
%(e)
|
| |
|
22%***
|
| |
| | |
Institutional Shares
|
| |||||||||||||||
| | |
Years Ended March 31,
|
| |
January 30, 2019 *
through March 31, 2019 |
| ||||||||||||
| | |
2021
|
| |
2020
|
| ||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
8.02
|
| |
$
|
10.60
|
| |
$
|
10.00
|
| | ||||
Income from Investment Operations: | | | | | | | | | | | | | | | | ||||
Net investment income (loss)(a)(b)(c)
|
| | |
|
0.06
|
| |
|
(0.01
|
)
|
| |
|
(0.04)
|
| | |||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
6.07
|
| |
|
(2.54
|
)
|
| |
|
0.64
|
| | |||
Total from Investment Operations | | | |
|
6.13
|
| |
|
(2.55
|
)
|
| |
|
0.60
|
| | |||
Less Distributions: | | | | | | | | | | | | | | | | ||||
Dividends from net investment income
|
| | |
|
—
|
| |
|
—
|
| |
|
—
|
| | ||||
Distributions from realized capital gains
|
| | |
|
(0.09
|
)
|
| |
|
(0.03
|
)
|
| |
|
—
|
| | ||
Total Distributions | | | |
|
(0.09
|
)
|
| |
|
(0.03
|
)
|
| |
|
—
|
| | ||
Net Asset Value, End of Period | | | |
$
|
14.06
|
| |
$
|
8.02
|
| |
$
|
10.60
|
| | ||||
Total Return | | | |
|
76.56
|
%
|
| |
|
(24.10
|
)%
|
| |
|
6.00%***
|
| | ||
Net Assets, End of Period (000s) | | | |
$
|
12,314
|
| |
$
|
6,995
|
| |
$
|
9,245
|
| | ||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | ||||
Ratios of expenses to average net assets:(d) | | | | | | | | | | | | | | | | ||||
Gross
|
| | |
|
1.37
|
%
|
| |
|
1.65
|
%
|
| |
|
4.29%**
|
| | ||
Net
|
| | |
|
1.25
|
%
|
| |
|
1.53
|
%
|
| |
|
4.17%**
|
| | ||
Ratio of net investment income (loss) to average net assets(c) | | | |
|
0.49
|
%
|
| |
|
(0.05
|
)%
|
| |
|
(3.15)%**
|
| | ||
Portfolio Turnover
|
| | |
|
55
|
%
|
| |
|
142
|
%(e)
|
| |
|
22%***
|
| |
| | |
R6 Shares
|
| |||||||||||||||
| | |
Years Ended March 31,
|
| |
January 30, 2019 (*)
through March 31, 2019 |
| ||||||||||||
| | |
2021
|
| |
2020
|
| ||||||||||||
Net Asset Value, Beginning of Period | | | |
$
|
8.02
|
| |
$
|
10.60
|
| |
$
|
10.00
|
| | ||||
Income from Investment Operations: | | | | | | | | | | | | | | | | ||||
Net investment income (loss) (a) (c)
|
| | |
|
0.06
|
| |
|
(0.01
|
)
|
| |
|
(0.04)
|
| | |||
Net realized and unrealized gain/(loss) on securities
|
| | |
|
6.08
|
| |
|
(2.53
|
)
|
| |
|
0.64
|
| | |||
Total from Investment Operations | | | |
|
6.14
|
| |
|
(2.54
|
)
|
| |
|
0.60
|
| | |||
Less Distributions: | | | | | | | | | | | | | | | | ||||
Dividends from net investment income
|
| | |
|
—
|
| |
|
(0.01
|
)
|
| |
|
—
|
| | |||
Distributions from realized capital gains
|
| | |
|
(0.09
|
)
|
| |
|
(0.03
|
)
|
| |
|
—
|
| | ||
Total Distributions | | | |
|
(0.09
|
)
|
| |
|
(0.04
|
)
|
| |
|
—
|
| | ||
Net Asset Value, End of Period | | | |
$
|
14.07
|
| |
$
|
8.02
|
| |
$
|
10.60
|
| | ||||
Total Return | | | |
|
76.69
|
%
|
| |
|
(24.08
|
)%
|
| |
|
6.00%***
|
| | ||
Net Assets, End of Period (000s) | | | |
$
|
11,490
|
| |
$
|
6,240
|
| |
$
|
1,371
|
| | ||||
Ratios and Supplemental Data: | | | | | | | | | | | | | | | | ||||
Ratios of expenses to average net assets: (d) | | | | | | | | | | | | | | | | ||||
Gross
|
| | |
|
1.22
|
%
|
| |
|
1.50
|
%
|
| |
|
4.14%**
|
| | ||
Net
|
| | |
|
1.22
|
%
|
| |
|
1.50
|
%
|
| |
|
4.14%**
|
| | ||
Ratio of net investment income (loss) to average net assets (c) | | | |
|
0.51
|
%
|
| |
|
(0.08
|
)%
|
| |
|
(3.12)%**
|
| | ||
Portfolio Turnover
|
| | |
|
55
|
%
|
| |
|
142
|
% (e)
|
| |
|
22%***
|
| |
|
By Mail: Pear Tree Institutional Services
55 Old Bedford Road, Suite 202 Lincoln, MA 01773 |
| |
By Telephone: 800-326-2151
On the Internet: www.peartreefunds.com
|
|
| | | |
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
|
|
| INTERNATIONAL EQUITY FUNDS | | | | | | | | | | |
|
Pear Tree Axiom Emerging Markets World Equity Fund
|
| |
QFFOX
|
| |
QEMAX
|
| |
QFFRX
|
|
|
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,
|
| |||||||||
| | | |
2021
|
| |
2020
|
| ||||||
|
Pear Tree Polaris Small Cap Fund
|
| | | | 33% | | | | | | 28% | | |
|
Pear Tree Quality Fund
|
| | | | 41% | | | | | | 35% | | |
|
Pear Tree Axiom Emerging Markets World Equity Fund
|
| | | | 128% | | | | | | 104% | | |
| | | |
Fiscal Years Ended March 31,
|
| |||||||||
| | | |
2021
|
| |
2020
|
| ||||||
|
Pear Tree Polaris Foreign Value Fund
|
| | | | 23% | | | | | | 28% | | |
|
Pear Tree Polaris Foreign Value Small Cap Fund
|
| | | | 35% | | | | | | 33% | | |
|
Pear Tree Polaris International Opportunities Fund*
|
| | | | 55% | | | | | | 142% | | |
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 |
|
Robert M. Armstrong
(Born: March 1939) |
| |
Trustee
|
| | Indefinite Term (1985 to present) | | | Independent Director and Consultant Services (1998 – Present) | | |
6
|
| | None | |
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)
|
| |
6
|
| | 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)
|
| |
6
|
| | 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)
|
| |
6
|
| | 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. | | |
6
|
| |
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; MedCool, Inc., 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) |
| |
Assistant 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.ce Consultant (2007 to 2015)
|
| |
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 |
|
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 | |
Thomas Buckley
(Born: April 1985) |
| |
Clerk
|
| | (July 2018 to Present) | | |
Legal Product Manager, Pear Tree Advisors, Inc.; Compliance Officer, Cantella & Co., Inc. (2/2018 – 7/2018); Compliance and Operations Associate, Arthur W. Wood Company (6/2016 –2/2018); Logistics Supervisor, Planet Eclipse LLC (1/2005 – 6/2016)
|
| |
N/A
|
| | None | |
John Hunt
(Born: July 1958) |
| |
Assistant Clerk
|
| | (February 2016 to Present) | | |
Partner, Sullivan & Worcester LLP (4/2016 to present); Partner, Nutter, McClennen & Fish LLP (6/2012 to 4/2016)
|
| |
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 | | | | $ | 42,500 | | | | | | N/A | | | | | | N/A | | | | | $ | 42,500 | | |
John M. Bulbrook | | | | $ | 45,500 | | | | | | N/A | | | | | | N/A | | | | | $ | 45,500 | | |
William H. Dunlap | | | | $ | 42,500 | | | | | | N/A | | | | | | N/A | | | | | $ | 42,500 | | |
Clinton S. Marshall | | | | $ | 45,500 | | | | | | N/A | | | | | | N/A | | | | | $ | 45,500 | | |
| | |
Ordinary
Shares |
| |
Institutional
Shares |
| |
R6
Shares |
| |||||||||
Pear Tree Polaris Small Cap Fund | | | | | 0.95% | | | | | | 10.86% | | | | | | N/A | | |
Pear Tree Quality Fund | | | | | 0.75% | | | | | | 4.91% | | | | | | N/A | | |
Pear Tree Axiom Emerging Markets World Equity Fund
|
| | | | 1.08% | | | | | | 12.62% | | | | | | 25.87% | | |
Pear Tree Polaris Foreign Value Fund | | | | | 0.19% | | | | | | 0.07% | | | | | | 0.38% | | |
Pear Tree Polaris Foreign Value Small Cap Fund | | | | | 0.55% | | | | | | 0.85% | | | | | | 16.75% | | |
Pear Tree Polaris International Opportunities Fund | | | | | 98.43% | | | | | | 98.14% | | | | | | 13.20% | | |
| |
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 Emerging Markets 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 | | | |
$10,00
– $50,000
|
| | |
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
|
| | |
$10,000 –
$50,000
|
| | |
$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 Emerging Markets 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
148 Sandy Pond Road
Lincoln, MA 01773
|
| |
17.46%
|
|
| | |
Lowell Anesthesiology Service/Profit Sharing Retirement Plan
60 East Street, Ste 1300
Methuen, MA 01844
|
| |
8.35%
|
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
Bernard Horn, Jr.
99 Beaver Road
Reading, MA 01867
|
| |
74.13%
|
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281
|
| |
11.04%
|
|
PEAR TREE
QUALITY FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING ORDINARY SHARES
|
|
| | |
Joseph E. Kasputys
148 Sandy Pond Road
Lincoln, MA 01773
|
| |
15.82%
|
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of Customers
100 Montgomery Street
San Francisco, CA 94104
|
| |
7.49%
|
|
| | |
Lowell Anesthesiology Service/Profit Sharing Retirement Plan
60 East Street, Ste 1300
Methuen, MA 01844
|
| |
6.03%
|
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281
|
| |
5.32%
|
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281
|
| |
20.96%
|
|
| | |
E*Trade Advisor Service
PO Box 3857
Englewood, CO 80155
|
| |
17.02%
|
|
| | |
TD Ameritrade
For the Exclusive Benefit of our Clients
PO Box 2226
Omaha, NE 68103
|
| |
14.27%
|
|
| | |
LPL Financial
4707 Executive Drive
San Diego, CA 92121
|
| |
13.72%
|
|
PEAR TREE
QUALITY FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
|
| | |
Pershing Division of /Donaldson Lufkin & Jenrette
One Pershing Plaza
Jersey City, NJ 07339
|
| |
8.08%
|
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of Customers
100 Montgomery Street
San Francisco, CA 94104
|
| |
6.56%
|
|
| | |
First Clearing, LLC
One North Jefferson
St. Louis, MO 63103
|
| |
6.23%
|
|
PEAR TREE
AXIOM EMERGING MARKETS WORLD EQUITY FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING ORDINARY SHARES
|
|
| | |
Joseph E. Kasputys
148 Sandy Pond Road
Lincoln, MA 01773
|
| |
24.16%
|
|
| | |
Lowell Anesthesiology Service/Profit Sharing Retirement Plan
60 East Street, Ste 1300
Methuen, MA 01844
|
| |
7.14%
|
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281
|
| |
5.43%
|
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
Mid Atlantic Trust Company
1251 Waterfront Place
Pittsburgh, PA 15222
|
| |
26.18%
|
|
| | |
Zwanzinger Family Ventures LLC
148 Dartmouth Street
West Newton, MA 02465
|
| |
18.87%
|
|
| | |
BNY Mellon
PO Box 534005
Pittsburgh, PA 15253
|
| |
15.26%
|
|
| | |
TD Ameritrade
For the Exclusive Benefit of our Clients
PO Box 2226
Omaha, NE 68103
|
| |
15.13%
|
|
| | | | | |
% OF OUTSTANDING R6 SHARES
|
|
| | |
National Financial Services LLC
200 Liberty Street
New York, NY 10281
|
| |
92.74%
|
|
PEAR TREE
POLARIS FOREIGN VALUE FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING ORDINARY SHARES
|
|
| | |
National Financial Services Corp
200 Liberty Street
New York, NY 10281
|
| |
65.36%
|
|
PEAR TREE
POLARIS FOREIGN VALUE FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING ORDINARY SHARES
|
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of Customers
100 Montgomery Street
San Francisco, CA 94104
|
| |
5.27%
|
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
National Financial Services Corp/ For Exclusive Benefit of our Customers
200 Liberty Street
New York, NY 10281
|
| |
31.43%
|
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of Customers
100 Montgomery Street
San Francisco, CA 94104
|
| |
20.84%
|
|
| | |
Morgan Stanley Smith Barney LLC/ For the Exclusive Benefit of its Owners
1585 Broadway
New York, NY 10036
|
| |
14.51%
|
|
| | |
UBS Financial Services
100 Harbor Blvd, 8th Floor
Weehawken, NJ 07086
|
| |
9.86%
|
|
| | |
SEI Private Trust Company
Attn: Mutual Fund Administrator
One Freedom Valley Drive
Oaks, PA 19456
|
| |
6.36%
|
|
| | |
% OF OUTSTANDING R6 SHARES
|
| |||
| | |
National Financial Services LLC
200 Liberty Street
New York, NY 10281
|
| |
24.49%
|
|
| | |
Greenleaf Trust
211 South Rose Street
Kalamazoo, MI 49007
|
| |
17.27%
|
|
| | |
Vallee & Co
C/O Reliance Trust Company
BD1N - Attn: MF
4500 West Brown Seer Road
Milwaukee, WI 53223
|
| |
9.86%
|
|
| | |
Mitra & Co
C/O Reliance Trust Company
BD1N - Attn: MF
4500 West Brown Seer Road
Milwaukee, WI 53223
|
| |
9.54%
|
|
| | |
Christian Church Foundation
PO Box 1986
Indianapolis, IN 46206
|
| |
7.73%
|
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of Customers
100 Montgomery Street
San Francisco, CA 94104
|
| |
5.92%
|
|
PEAR TREE
POLARIS FOREIGN VALUE FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING R6 SHARES
|
|
| | |
Reliance Trust Co
PO Box 78446
Atlanta, GA 30357
|
| |
5.39%
|
|
| | |
Northern Trust Company
PO Box 92956
Chicago, IL 60675
|
| |
5.25%
|
|
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
|
| |
26.95%
|
|
| | |
National Financial Services Corp/ For Exclusive Benefit of our Customers
200 Liberty Street
New York, NY 10281
|
| |
14.94%
|
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of Customers
100 Montgomery Street
San Francisco, CA 94104
|
| |
12.18%
|
|
| | |
Joseph E. Kasputys
148 Sandy Pond Road
Lincoln, MA 01773
|
| |
11.85%
|
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
National Financial Services Corp/ For Exclusive Benefit of our Customers
200 Liberty Street
New York, NY 10281
|
| |
34.60%
|
|
| | |
Charles Schwab & Co Inc
For the Exclusive Benefit of Customers
100 Montgomery Street
San Francisco, CA 94104
|
| |
25.29%
|
|
| | |
TD Ameritrade
For the Exclusive Benefit of our Clients
PO Box 2226
Omaha, NE 68103
|
| |
14.47%
|
|
| | |
SEI Private
1 Freedom Valley Drive
Oaks, PA 19456
|
| |
7.28%
|
|
| | |
% OF OUTSTANDING R6 SHARES
|
| |||
| | |
Edward Jones For the Benefit of Customers
12555 Manchester Road
Saint Louis, MO 63131
|
| |
43.56%
|
|
| | |
Willard Umphrey
55 Old Bedford Road
Lincoln, MA 01773
|
| |
15.02%
|
|
PEAR TREE
POLARIS FOREIGN VALUE SMALL CAP FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING R6 SHARES
|
|
| | |
Vallee & Co
C/O Reliance Trust Company
BD1N - Attn: MF
4500 West Brown Seer Road
Milwaukee, WI 53223
|
| |
7.86%
|
|
| | |
MAC & Co
Attn: Mutual Fund Operations
500 Grant Street
Room 151-1010
Pittsburgh, PA 15258
|
| |
7.76%
|
|
| | |
Mitra & Co
C/O Reliance Trust Company
BD1N - Attn: MF
4500 West Brown Seer Road
Milwaukee, WI 53223
|
| |
6.73%
|
|
| | |
Bernard Horn, Jr, & Lorraine Horn
99 Beaver Road
Reading, MA 01867
|
| |
5.69%
|
|
PEAR TREE
POLARIS INTERNATIONAL OPPORTUNITIES FUND |
| |
NAME AND ADDRESS
|
| |
% OF OUTSTANDING ORDINARY SHARES
|
|
| | |
Willard Umphrey
55 Old Bedford Road
Lincoln, MA 01773
|
| |
98.43%
|
|
| | |
% OF OUTSTANDING INSTITUTIONAL SHARES
|
| |||
| | |
Willard Umphrey
55 Old Bedford Road
Lincoln, MA 01773
|
| |
79.10%
|
|
| | |
Leon Okurowski
294 Elm Street
Concord, MA 01742
|
| |
20.30%
|
|
| | |
% OF OUTSTANDING R6 SHARES
|
| |||
| | |
Polaris Capital Management, LLC
121 High Street
Boston, MA 02110
|
| |
53.57%
|
|
| | |
Bernard Horn, Jr, & Lorraine Horn
99 Beaver Road
Reading, MA 01867
|
| |
26.67%
|
|
| | |
Leon Okurowski
294 Elm Street
Concord, MA 01742
|
| |
14.74%
|
|
Fund Name
|
| |
2019
|
| |
2020
|
| |
2021
|
| |||||||||
Pear Tree Polaris Small Cap Fund | | | | $ | 1,013,044 | | | $ | 883,275 | | | $ | 527,078 | ||||||
Pear Tree Quality Fund | | | | $ | 1,506,736 | (1) | | | $ | 1,347,000 | (1) | | | $ | 1,573,254 | (1) | |||
Pear Tree Axiom Emerging Markets World Equity Fund
|
| | | $ | 946,557 | (2) | | | $ | 892,964 | (2) | | | $ | 1,040,646 | (2) | |||
Pear Tree Polaris Foreign Value Fund | | | | $ | 31,757,709 | (3) | | | $ | 36,594,094 | (3) | | | $ | 33,113,912 | (3) | |||
Pear Tree Polaris Foreign Value Small Cap Fund | | | | $ | 10,155,247 | (4) | | | $ | 9,723,796 | (4) | | | $ | 7,249,848 | (4) | |||
Pear Tree Polaris International Opportunities Fund | | | | $ | 15,196 | | | $ | 107,793 | | | $ | 170,970 |
| | |
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.
|
|
Pear Tree Quality Fund | | |
$90,000 per year
|
|
Pear Tree Axiom Emerging Markets World Equity Fund (effective December 8, 2018)
|
| |
0.35% of the first $100 million
0.40% of amounts in excess of $100 million but less than $200 million and
0.45% of assets in excess of $200 million of average daily net assets
|
|
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
|
| |
2019
|
| |
2020
|
| |
2021
|
| ||||||||||||
Pear Tree Polaris Small Cap Fund
|
| | | | Polaris | | | | | $ | 329,891 | | | | | $ | 282,336 | | | | | $ | 183,444 | | |
Pear Tree Quality Fund
|
| | | | Chartwell | | | | | $ | 123,587 | | | | | $ | 90,000 | | | | | $ | 90,000 | | |
| | |
Fiscal Years Ended March 31,
|
| |||||||||||||||||||||
| | |
Sub-Adviser
|
| |
2019
|
| |
2020
|
| |
2021
|
| ||||||||||||
Pear Tree Axiom Emerging Markets World Equity Fund
|
| | | | Axiom(1) | | | | | $ | 265,055 | | | $ | 310,078 | | | | | $ | 365,276 | | | ||
Pear Tree Polaris Foreign Value Fund
|
| | | | Polaris | | | | | $ | 15,661,355 | (2) | | | $ | 18,079,547 | | | | | $ | 16,339,456 | | | |
Pear Tree Polaris Foreign Value Small Cap Fund
|
| | | | Polaris | | | | | $ | 4,860,123 | (3) | | | $ | 4,644,398 | | | | | $ | 3,407,424 | | | |
Pear Tree Polaris International Opportunities Fund
|
| | | | Polaris(4) | | | | | $ | 5,065 | | | $ | 35,931 | | | | | $ | 56,992 | | |
| |
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 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Sumanta Biswas, CFA
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Bin Xiao, CFA
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Jason M. Crawshaw
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | |
| |
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 | | | | |
$186 million
|
| | | | | None | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | None | | | | |
$0
|
| | | | | None | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 11 | | | | |
$300 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) |
| | ||||||||||||
| |
Andrew Jacobson, CFA
|
| | |
Registered Investment
Companies |
| | | | | 6 | | | | | | $ | 814 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 18 | | | | | | $ | 7,375 | | | | | | | 2 | | | | | | $ | 190 | | | | |||||
| Other Accounts | | | | | | 22 | | | | | | $ | 9,140 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| |
Jose Gerardo Morales, CFA
|
| | |
Registered Investment
Companies |
| | | | | 5 | | | | | | $ | 527 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 8 | | | | | | $ | 4,631 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 19 | | | | | | $ | 5,505 | | | | | | | 7 | | | | | | $ | 2,202 | | | | |||||
| |
Andrew Yoon, CFA
|
| | |
Registered Investment
Companies |
| | | | | 4 | | | | | | $ | 503.51 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 5 | | | | | | $ | 854.29 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 4 | | | | | | $ | 1,112.35 | | | | | | | 0 | | | | | | $ | 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 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.30 | | | | | | | 1 | | | | | | $ | 122.3 | | | |
| |
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 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.30 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Bin Xiao, CFA
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.30 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Jason M. Crawshaw
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.30 | | | | | | | 1 | | | | | | $ | 122.3 | | | |
| |
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 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Sumanta Biswas, CFA
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Bin Xiao, CFA
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Jason M. Crawshaw
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | | | $ | 6,761.8 | | | | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | | | $ | 1,091.2 | | | | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | | | $ | 7,406.3 | | | | | | | 1 | | | | | | $ | 122.3 | | | |
| |
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 | | | | |
$6,761.8
|
| | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment | | | | | | 6 | | | | |
$1,091.2
|
| | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | |
$7,406.3
|
| | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Bin Xiao, CFA
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | |
$6,761.8
|
| | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | |
$1,091.2
|
| | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | |
$7,406.3
|
| | | | | 1 | | | | | | $ | 122.3 | | | | |||||
| |
Jason M. Crawshaw
|
| | |
Registered Investment
Companies |
| | | | | 7 | | | | |
$6,761.8
|
| | | | | 0 | | | | | | $ | 0 | | | |
| Other Pooled Investment Vehicles | | | | | | 6 | | | | |
$1,091.2
|
| | | | | 0 | | | | | | $ | 0 | | | | |||||
| Other Accounts | | | | | | 30 | | | | |
$7,406.3
|
| | | | | 1 | | | | | | $ | 122.3 | | | |
| | 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 Axiom Emerging Markets World Equity Fund (Axiom) | | | |
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
|
| |
| |
Andrew Jacobson, CFA
|
| | |
X
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Jose Gerardo Morales, CFA | | | |
X
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Andrew Yoon, CFA | | | |
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
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | Pear Tree Fund (Portfolio Manager) |
| | |
Dollar Range of Equity Securities Owned
|
| | ||||||||||||||||||||||||
| | 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)(1) | | | |
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
|
| | | | | | | | | |
| | Bin Xiao, CFA | | | | | | | | | | | | | | | | | | | |
X
|
| | | | | | | | | |
| | Jason M. Crawshaw | | | | | | | | | | | |
X
|
| | | | | | | | | | | | | | | | | |
| | |
Ordinary Shares
|
| |||
Pear Tree Polaris Small Cap Fund
|
| | | $ | 165,535 | | |
Pear Tree Quality Fund
|
| | | $ | 313,546 | | |
Pear Tree Axiom Emerging Markets World Equity Fund
|
| | | $ | 242,169 | | |
Pear Tree Polaris Foreign Value Fund
|
| | | $ | 1,164,149 | | |
Pear Tree Polaris Foreign Value Small Cap Fund
|
| | | $ | 395,528 | | |
Pear Tree Polaris International Opportunities Fund
|
| | | $ | 173 | | |
| |
2019
|
| |
2020
|
| |
2021
|
| ||||||||||
Pear Tree Polaris Small Cap Fund
|
| | | $ | 79,588 | | | | | $ | 84,571 | | | | | $ | 53,519 | | |
Pear Tree Quality Fund
|
| | | $ | 80,348 | | | | | $ | 58,346 | | | | | $ | 67,674 | | |
Pear Tree Axiom Emerging Markets World Equity Fund*
|
| | | $ | 165,251 | | | | | $ | 161,110 | | | | | $ | 191,356 | | |
Pear Tree Polaris Foreign Value Fund
|
| | | $ | 1,669,385 | | | | | $ | 1,752,285 | | | | | $ | 1,791,981 | | |
Pear Tree Polaris Foreign Value Small Cap Fund
|
| | | $ | 1,189,809 | | | | | $ | 793,966 | | | | | $ | 461,626 | | |
Pear Tree Polaris International Opportunities Fund**
|
| | | $ | 10,128 | | | | | $ | 33,364 | | | | | $ | 18,658 | | |
|
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
|
|