# EDGAR Filing Document

**Accession Number:** 0000722885
**File Stem:** 0002000324-26-000463
**Filing Date:** 2026-2
**Character Count:** 29370
**Document Hash:** 5fb36765d134d81084070fd982cb4406
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000463.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0002000324-26-000463

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pear Tree Funds
- **CENTRAL INDEX KEY:** 0000722885

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03790
- **FILM NUMBER:** 26654653

**BUSINESS ADDRESS:**
- **STREET 1:** 55 OLD BEDFORD ROAD
- **STREET 2:** SUITE 202
- **CITY:** LINCOLN
- **STATE:** MA
- **ZIP:** 01773
- **BUSINESS PHONE:** 8003311244

**MAIL ADDRESS:**
- **STREET 1:** 55 OLD BEDFORD ROAD
- **STREET 2:** SUITE 202
- **CITY:** LINCOLN
- **STATE:** MA
- **ZIP:** 01773

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** QUANTITATIVE GROUP OF FUNDS
- **DATE OF NAME CHANGE:** 19940127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** U S BOSTON INVESTMENT CO
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Pear Tree Polaris Foreign Value Small Cap Fund (Series ID: S000021993)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000063163 | Ordinary Shares      | QUSOX           |
| C000063164 | Institutional Shares | QUSIX           |
| C000177800 | R6 Shares            | QUSRX           |

## Nport-Ex

PEAR TREE POLARIS FOREIGN VALUE SMALL CAP FUND

SCHEDULE OF INVESTMENTS

*December 31, 2025 (Unaudited)*

---

| | | |
|:---|:---|:---|
| Common Stock - 99.0% |  |  |
|  | Shares | Value |
| **BELGIUM - 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;D'leteren SA | 130055 | $23506124 |
| &nbsp;&nbsp;&nbsp;N.V. Bekaert S.A. | 75000 | 3338227 |
|  |  | 26844351 |
| **BRAZIL - 4.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Equatorial Energia S.A. | 3842326 | 26995429 |
| **CANADA - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;EQB Inc. | 203627 | 15432455 |
| &nbsp;&nbsp;&nbsp;goeasy Ltd. | 146037 | 13986867 |
|  |  | 29419322 |
| **CHINA - 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;China MeiDong Auto Holdings Limited | 15376000 | 2508835 |
| &nbsp;&nbsp;&nbsp;Xinhua Winshare Publishing and Media Co., Limited | 5510500 | 7249633 |
| &nbsp;&nbsp;&nbsp;Zhongsheng Group Holdings | 9679000 | 14449795 |
|  |  | 24208263 |
| **DENMARK - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Ringkjoebing Landbobank A/S | 32300 | 7811403 |
| **FRANCE - 15.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Amundi | 181100 | 15015455 |
| &nbsp;&nbsp;&nbsp;Elis S.A. | 551998 | 15726919 |
| &nbsp;&nbsp;&nbsp;Ipsos | 391400 | 15747932 |
| &nbsp;&nbsp;&nbsp;Rubis | 405300 | 15260033 |
| &nbsp;&nbsp;&nbsp;SEB S.A. | 235600 | 13640728 |
| &nbsp;&nbsp;&nbsp;Sopra Steria | 122600 | 22259495 |
| &nbsp;&nbsp;&nbsp;Technip Energies N.V. | 163700 | 6244247 |
|  |  | 103894809 |
| **GERMANY- 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Krones AG | 46600 | 7431920 |
| &nbsp;&nbsp;&nbsp;Sixt SE | 231925 | 19283958 |
|  |  | 26715878 |
| **HONG KONG - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;VSTECS Holdings Limited | 12705360 | 12732294 |
| **INDIA - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Karnataka Bank Limited | 3144900 | 7190490 |
| &nbsp;&nbsp;&nbsp;Karur Vysya Bank Limited | 2693340 | 7905971 |
|  |  | 15096461 |
| **IRELAND - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Glanbia plc | 1193800 | 20455129 |
| **ITALY - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;De'Longhi SpA | 331836 | 14224326 |
| **JAPAN - 12.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Daicel Corporation | 1746400 | 15587187 |
| &nbsp;&nbsp;&nbsp;Kanematsu Corporation | 1327800 | 15239479 |
| &nbsp;&nbsp;&nbsp;KITZ Corporation | 1294200 | 14358441 |
| &nbsp;&nbsp;&nbsp;Kraftia Corporation | 139500 | 6850180 |
| &nbsp;&nbsp;&nbsp;Mizuho Leasing Company, Limited | 1659400 | 14958896 |
| &nbsp;&nbsp;&nbsp;Open House Group Co., Limited | 252300 | 14811730 |
|  |  | 81805913 |
| **NETHERLANDS - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Aalberts N.V. | 435234 | 14342532 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **NORWAY - 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;SpareBank Nord-Norge | 795289 | $11976365 |
| &nbsp;&nbsp;&nbsp;Sparebank 1 Oestlandet | 217488 | 4438421 |
| &nbsp;&nbsp;&nbsp;SpareBank 1 SMN | 446428 | 9119401 |
| &nbsp;&nbsp;&nbsp;SpareBank 1 SR-Bank ASA | 489426 | 9626557 |
| &nbsp;&nbsp;&nbsp;Sparebanken Norge | 631392 | 12397615 |
|  |  | 47558359 |
| **PORTUGAL - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Redes Energéticas Nacionais, SGPS, S.A. | 3774005 | 14249473 |
| **SINGAPORE - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Venture Corporation, Limited | 643900 | 7580596 |
| **SOUTH AFRICA - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Motus Holdings Limited | 1028400 | 7567460 |
| **SOUTH KOREA - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Doosan Bobcat | 119700 | 4794481 |
| &nbsp;&nbsp;&nbsp;Poongsan Corporation | 190400 | 14076290 |
|  |  | 18870771 |
| **SPAIN - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;CIE Automotive | 99200 | 3465884 |
| **SWEDEN - 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;AcadeMedia AB | 675200 | 7243598 |
| &nbsp;&nbsp;&nbsp;Hexpol AB | 1567100 | 14950584 |
| &nbsp;&nbsp;&nbsp;Loomis AB, Class B | 182361 | 7722668 |
|  |  | 29916850 |
| **TAIWAN - 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Primax Electronics Limited | 5251800 | 12836786 |
| &nbsp;&nbsp;&nbsp;Sanyang Motor Co., Limited | 7746000 | 15136755 |
|  |  | 27973541 |
| **THAILAND - 6.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Krungthai Card Public Company Limited | 17053800 | 14209244 |
| &nbsp;&nbsp;&nbsp;Thanachart Capital PCL | 8063000 | 14907784 |
| &nbsp;&nbsp;&nbsp;TISCO Financial Group | 4338700 | 15217469 |
|  |  | 44334497 |
| **UNITED KINGDOM - 8.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Berkeley Group Holdings plc | 145993 | 7665860 |
| &nbsp;&nbsp;&nbsp;Coats Group plc | 7274470 | 8267555 |
| &nbsp;&nbsp;&nbsp;Computacenter plc | 142000 | 5595965 |
| &nbsp;&nbsp;&nbsp;Hikma Pharmaceuticals plc | 457000 | 9527236 |
| &nbsp;&nbsp;&nbsp;Inchcape plc | 502118 | 5193393 |
| &nbsp;&nbsp;&nbsp;OSB Group plc | 952617 | 8168034 |
| &nbsp;&nbsp;&nbsp;QinetiQ | 1637700 | 9727079 |
|  |  | 54145122 |
| **TOTAL COMMON STOCK** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $500,616,428) |  | 660208663 |
| **SHORT TERM INVESTMENTS - 0.2%** |  |  |
|  | Par Value | Value |
| **Money Market - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;UMB Money Market Special II, 3.48%<sup>(a)</sup> | 1485251 | $1485251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,485,251) |  |  |
| **TOTAL INVESTMENTS - 99.2%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $502,101,679) |  | 661693914 |
| **OTHER ASSETS & LIABILITIES (NET) - 0.8%** |  | 5367993 |
| **NET ASSETS - 100%** |  | $667061907 |

---

(a) Interest
rate reflects seven-day effective yield on December 31, 2025.

(b) At
December 31, 2025, the unrealized appreciation of investments based on aggregate cost for federal tax purposes in the amount of
$508,229,208 was as follows:

---

| | |
|:---|:---|
| Aggregate gross unrealized appreciation for all investments in which there is an excess of value over tax cost | $172724725 |
| Aggregate gross unrealized depreciation for all investments in which there is an excess of tax cost over value | (19260019) |
| Net unrealized appreciation/(depreciation) | $153464706 |

---

The percentage of each investment category is calculated as a percentage of net assets.

---

| | |
|:---|:---|
| **<u>SECTOR ALLOCATIONS</u>** <u>(as a percentage of Total Net Assets)</u> | |
| Financials | 27.3% |
| Consumer Discretionary | 21.7% |
| Industrials | 17.3% |
| Information Technology | 9.2% |
| Utilities | 8.5% |
| Materials | 7.2% |
| Consumer Staples | 3.1% |
| Communication Services | 2.4% |
| Health Care | 1.4% |
| Energy | 0.9% |
| Cash and Other Assets (Net) | 1.0% |
|  | 100.0% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Pear Tree Funds

- **b. Investment Company Act file number:** 811-03790

- **c. CIK number of Registrant:** 0000722885

- **d. LEI of Registrant:** 549300NANVEIFBMHLV32

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 55 OLD BEDFORD ROADSUITE 202

  - **City:** Lincoln

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01773

  - **Telephone number:** 8003311244

**Item A.2. Information about the Series.**

- **a. Name of Series:** Pear tree polaris foreign value small cap fund

- **b. EDGAR series identifier (if any):** S000021993

- **c. LEI of Series:** 549300AVE8SR25FLIW19

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $668444334.55

**Total Liabilities:** $1382427.35

**Net Assets:** $667061907.20

**Cash Not Reported:** $71969.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063164 | -3.39%               | 0.22%                | 2.93%                |
| Class ID C000063163 | -3.43%               | 0.22%                | 2.92%                |
| Class ID C000177800 | -3.40%               | 0.23%                | 3.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15987005.63             | $-39572915.36                              |
| Month 2  | $9031636.07              | $-8238823.38                               |
| Month 3  | $4086100.59              | $15271587.07                               |

### Schedule of Portfolio Investments

| Name                                              | Title                                             | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aalberts N.V.                                     | Aalberts N.V.                                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NL        |    435234 | NS      | $14342532.05  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AcadeMedia AB                                     | AcadeMedia AB                                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SE        |    675200 | NS      | $7243597.87   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Amundi                                            | Amundi                                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    181100 | NS      | $15015455.08  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Group Holdings plc                       | Berkeley Group Holdings plc                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |    145993 | NS      | $7665859.74   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| China MeiDong Auto Holdings Limited               | China MeiDong Auto Holdings Limited               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |  15376000 | NS      | $2508835.36   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CIE Automotive                                    | CIE Automotive                                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ES        |     99200 | NS      | $3465883.73   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Coats Group plc                                   | Coats Group plc                                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |   7274470 | NS      | $8267555.01   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Computacenter plc                                 | Computacenter plc                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |    142000 | NS      | $5595965.03   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Daicel Corporation                                | Daicel Corporation                                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1746400 | NS      | $15587186.83  | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| De'Longhi S.p.A.                                  | De'Longhi S.p.A.                                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IT        |    331836 | NS      | $14224326.48  | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| D'Ieteren S.A.                                    | D'Ieteren S.A.                                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BE        |    130055 | NS      | $23506123.90  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Bobcat                                     | Doosan Bobcat                                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |    119700 | NS      | $4794481.27   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Elis S.A.                                         | Elis S.A.                                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    551998 | NS      | $15726918.94  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| EQB Inc.                                          | EQB Inc.                                          | CUSIP: 26886R955<br>LEI: N/A | Long             | EC               | CORP              | CA        |    203627 | NS      | $15432454.79  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Equatorial Energia S.A.                           | Equatorial Energia S.A.                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BR        |   3842326 | NS      | $26995428.85  | 4.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Glanbia plc                                       | Glanbia plc                                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IE        |   1193800 | NS      | $20455128.60  | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| goeasy Ltd.                                       | goeasy Ltd.                                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CA        |    146037 | NS      | $13986867.33  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexpol AB                                         | Hexpol AB                                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SE        |   1567100 | NS      | $14950584.13  | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Hikma Pharmaceuticals plc                         | Hikma Pharmaceuticals plc                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |    457000 | NS      | $9527236.05   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Inchcape plc                                      | Inchcape plc                                      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |    502118 | NS      | $5193392.63   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipsos                                             | Ipsos                                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    391400 | NS      | $15747931.88  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanematsu Corporation                             | Kanematsu Corporation                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1327800 | NS      | $15239479.41  | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Karnataka Bank Limited                            | Karnataka Bank Limited                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IN        |   3144900 | NS      | $7190490.26   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Karur Vysya Bank Ltd.                             | Karur Vysya Bank Ltd.                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IN        |   2693340 | NS      | $7905970.58   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KITZ Corporation                                  | KITZ Corporation                                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1294200 | NS      | $14358440.78  | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Krones AG                                         | Krones AG                                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |     46600 | NS      | $7431920.14   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Krungthai Card Public Company Limited             | Krungthai Card Public Company Limited             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TH        |  17053800 | NS      | $14209244.56  | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Kraftia Corporation                               | Kraftia Corporation                               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |    139500 | NS      | $6850180.23   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB, Class B                                | Loomis AB, Class B                                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SE        |    182361 | NS      | $7722668.29   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Leasing Company, Limited                   | Mizuho Leasing Company, Limited                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1659400 | NS      | $14958896.30  | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Motus Holdings Limited                            | Motus Holdings Limited                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ZA        |   1028400 | NS      | $7567459.99   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N.V. Bekaert S.A.                                 | N.V. Bekaert S.A.                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BE        |     75000 | NS      | $3338226.66   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Open House Group Co., Limited                     | Open House Group Co., Limited                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |    252300 | NS      | $14811729.88  | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| OSB Group PLC                                     | OSB Group PLC                                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |    952617 | NS      | $8168034.13   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Poongsan Corporation                              | Poongsan Corporation                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |    190400 | NS      | $14076290.31  | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Primax Electronics Limited                        | Primax Electronics Limited                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TW        |   5251800 | NS      | $12836786.17  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ                                           | QinetiQ                                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |   1637700 | NS      | $9727078.95   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Redes Energeticas Nacionais, SGPS, S.A.           | Redes Energeticas Nacionais, SGPS, S.A.           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | PT        |   3774005 | NS      | $14249472.78  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ringkjoebing Landbobank A/S                       | Ringkjoebing Landbobank A/S                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DK        |     32300 | NS      | $7811403.23   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubis                                             | Rubis                                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    405300 | NS      | $15260032.88  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanyang Motor Co., Ltd.                           | Sanyang Motor Co., Ltd.                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TW        |   7746000 | NS      | $15136754.67  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SEB SA                                            | SEB SA                                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    235600 | NS      | $13640728.13  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixt SE                                           | Sixt SE                                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |    231925 | NS      | $19283957.72  | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Sopra Steria                                      | Sopra Steria                                      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    122600 | NS      | $22259495.01  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SpareBank 1 Oestlandet                            | SpareBank 1 Oestlandet                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    217488 | NS      | $4438420.60   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Sparebank 1 SMN                                   | Sparebank 1 SMN                                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    446428 | NS      | $9119401.34   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank 1 Sor-Norge ASA                         | SpareBank 1 Sor-Norge ASA                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    489426 | NS      | $9626557.06   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SpareBank Nord-Norge                              | SpareBank Nord-Norge                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    795289 | NS      | $11976365.30  | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sparebanken Norge                                 | Sparebanken Norge                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    631392 | NS      | $12397614.68  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies N.V.                             | Technip Energies N.V.                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    163700 | NS      | $6244246.62   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Thanachart Capital PCL                            | Thanachart Capital PCL                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TH        |   8063000 | NS      | $14907784.48  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| TISCO Financial Group                             | TISCO Financial Group                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TH        |   4338700 | NS      | $15217468.66  | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture Corporation, Limited                      | Venture Corporation, Limited                      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SG        |    643900 | NS      | $7580595.65   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VSTECS Holdings Limited                           | VSTECS Holdings Limited                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | HK        |  12705360 | NS      | $12732293.70  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinhua Winshare Publishing and Media Co., Limited | Xinhua Winshare Publishing and Media Co., Limited | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |   5510500 | NS      | $7249633.20   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhongsheng Group Holdings                         | Zhongsheng Group Holdings                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |   9679000 | NS      | $14449795.08  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Money Market Special II                       | UMB Money Market Special II                       | CUSIP: SF8888628<br>LEI: N/A | Long             | STIV             | CORP              | US        |   1485251 | OU      | $1485251.34   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-19

**Name of Applicant:** Pear Tree Funds

**Signature:** Diane Hunt

**Name of Signer:** Diane Hunt

**Title:** Assistant Treasurer