# EDGAR Filing Document

**Accession Number:** 0000722885
**File Stem:** 0002000324-25-004347
**Filing Date:** 2025-11
**Character Count:** 21864
**Document Hash:** ef3aac337363a8c36e680989113e332e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004347.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0002000324-25-004347

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**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:** 251507446

**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 Small Cap Fund (Series ID: S000009493)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000025972 | Ordinary Shares      | USBNX           |
| C000025973 | Institutional Shares | QBNAX           |
| C000177799 | R6 Shares            | QBNRX           |

## 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 small cap fund

- **b. EDGAR series identifier (if any):** S000009493

- **c. LEI of Series:** 549300B7DSOCWNFGCQ51

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $93680602.00

**Total Liabilities:** $171724.00

**Net Assets:** $93508878.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025973 | -0.17%               | 6.27%                | -1.39%               |
| Class ID C000025972 | -0.22%               | 6.25%                | -1.42%               |
| Class ID C000177799 | -0.11%               | 6.26%                | -1.37%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $775556.82               | $-947265.15                                |
| Month 2  | $94541.32                | $5448164.39                                |
| Month 3  | $625120.54               | $-2021429.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abercrombie & Fitch Co.                    | Abercrombie & Fitch Co.                    | CUSIP: 002896207<br>LEI: N/A | Long             | EC               | CORP              | US        |     12500 | NS      | $1069375.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands, Inc.                        | Acuity Brands, Inc.                        | CUSIP: 00508Y102<br>LEI: N/A | Long             | EC               | CORP              | US        |      4700 | NS      | $1618633.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings, Inc.        | Allison Transmission Holdings, Inc.        | CUSIP: 01973R101<br>LEI: N/A | Long             | EC               | CORP              | US        |     13600 | NS      | $1154368.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.            | American Eagle Outfitters, Inc.            | CUSIP: 02553E106<br>LEI: N/A | Long             | EC               | CORP              | US        |     52700 | NS      | $901697.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals, Inc.            | Amphastar Pharmaceuticals, Inc.            | CUSIP: 03209R103<br>LEI: N/A | Long             | EC               | CORP              | US        |     13100 | NS      | $349115.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals, Inc.                  | ANI Pharmaceuticals, Inc.                  | CUSIP: 00182C103<br>LEI: N/A | Long             | EC               | CORP              | US        |      9700 | NS      | $888520.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies, Inc.      | Applied Industrial Technologies, Inc.      | CUSIP: 03820C105<br>LEI: N/A | Long             | EC               | CORP              | US        |      7000 | NS      | $1827350.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                    | Arrow Electronics, Inc.                    | CUSIP: 042735100<br>LEI: N/A | Long             | EC               | CORP              | US        |     15300 | NS      | $1851300.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                | Avnet, Inc.                                | CUSIP: 053807103<br>LEI: N/A | Long             | EC               | CORP              | US        |     35600 | NS      | $1861168.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services, Inc.            | Barrett Business Services, Inc.            | CUSIP: 068463108<br>LEI: N/A | Long             | EC               | CORP              | US        |     38800 | NS      | $1719616.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                    | Black Hills Corporation                    | CUSIP: 092113109<br>LEI: N/A | Long             | EC               | CORP              | US        |     36400 | NS      | $2241876.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corporation                  | BOK Financial Corporation                  | CUSIP: 05561Q201<br>LEI: N/A | Long             | EC               | CORP              | US        |     18164 | NS      | $2024196.16   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle, Inc.                               | Buckle, Inc.                               | CUSIP: 118440106<br>LEI: N/A | Long             | EC               | CORP              | US        |     24100 | NS      | $1413706.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                          | Cabot Corporation                          | CUSIP: 127055101<br>LEI: N/A | Long             | EC               | CORP              | US        |     23773 | NS      | $1807936.65   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Incorporated            | Carlisle Companies Incorporated            | CUSIP: 142339100<br>LEI: N/A | Long             | EC               | CORP              | US        |      3500 | NS      | $1151360.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Colony Bankcorp, Inc.                      | Colony Bankcorp, Inc.                      | CUSIP: 19623P101<br>LEI: N/A | Long             | EC               | CORP              | US        |    122079 | NS      | $2076563.79   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group, Inc.             | Covenant Logistics Group, Inc.             | CUSIP: 22284P105<br>LEI: N/A | Long             | EC               | CORP              | US        |      4882 | NS      | $105744.12    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International, Inc.            | CSG Systems International, Inc.            | CUSIP: 126349109<br>LEI: N/A | Long             | EC               | CORP              | US        |     29000 | NS      | $1867020.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                 | Cullen/Frost Bankers, Inc.                 | CUSIP: 229899109<br>LEI: N/A | Long             | EC               | CORP              | US        |     14600 | NS      | $1850842.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy, Inc.                           | CVR Energy, Inc.                           | CUSIP: 12662P108<br>LEI: N/A | Long             | EC               | CORP              | US        |     67000 | NS      | $2444160.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.                   | Diamondback Energy, Inc.                   | CUSIP: 25278X109<br>LEI: N/A | Long             | EC               | CORP              | US        |     10670 | NS      | $1526877.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc.                                  | DNOW Inc.                                  | CUSIP: 67011P100<br>LEI: N/A | Long             | EC               | CORP              | US        |    107800 | NS      | $1643950.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                       | Eagle Materials Inc.                       | CUSIP: 26969P108<br>LEI: N/A | Long             | EC               | CORP              | US        |      7000 | NS      | $1631280.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis, Inc.                                | Ennis, Inc.                                | CUSIP: 293389102<br>LEI: N/A | Long             | EC               | CORP              | US        |    105100 | NS      | $1921228.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus, Inc.                                | ePlus, Inc.                                | CUSIP: 294268107<br>LEI: N/A | Long             | EC               | CORP              | US        |     30600 | NS      | $2172906.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.    | Essential Properties Realty Trust, Inc.    | CUSIP: 29670E107<br>LEI: N/A | Long             | EC               | CORP              | US        |     60700 | NS      | $1806432.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc.                               | EVERTEC Inc.                               | CUSIP: 30040P103<br>LEI: N/A | Long             | EC               | CORP              | US        |     64700 | NS      | $2185566.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                             | Exelixis, Inc.                             | CUSIP: 30161Q104<br>LEI: N/A | Long             | EC               | CORP              | US        |     26300 | NS      | $1086190.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co.              | Graphic Packaging Holding Co.              | CUSIP: 388689101<br>LEI: N/A | Long             | EC               | CORP              | US        |     58700 | NS      | $1148759.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings, Inc.         | Harmony Biosciences Holdings, Inc.         | CUSIP: 413197104<br>LEI: N/A | Long             | EC               | CORP              | US        |     36100 | NS      | $994916.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares, Inc.                 | HomeTrust Bancshares, Inc.                 | CUSIP: 437872104<br>LEI: N/A | Long             | EC               | CORP              | US        |     48300 | NS      | $1977402.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc.                        | Ingles Markets Inc.                        | CUSIP: 457030104<br>LEI: N/A | Long             | EC               | CORP              | US        |     32283 | NS      | $2245605.48   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                     | Ingredion Incorporated                     | CUSIP: 457187102<br>LEI: N/A | Long             | EC               | CORP              | US        |     14500 | NS      | $1770595.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corporation       | International Bancshares Corporation       | CUSIP: 459044103<br>LEI: N/A | Long             | EC               | CORP              | US        |     30200 | NS      | $2076250.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce, Inc.                               | Kforce, Inc.                               | CUSIP: 493732101<br>LEI: N/A | Long             | EC               | CORP              | US        |     22894 | NS      | $686362.12    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings, Inc.                    | Lantheus Holdings, Inc.                    | CUSIP: 516544103<br>LEI: N/A | Long             | EC               | CORP              | US        |     37900 | NS      | $1943891.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.                   | Laureate Education, Inc.                   | CUSIP: 518613203<br>LEI: N/A | Long             | EC               | CORP              | US        |     75300 | NS      | $2374962.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corporation                  | Lundin Mining Corporation                  | CUSIP: 550372957<br>LEI: N/A | Long             | EC               | CORP              | CA        |     80400 | NS      | $1199586.03   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc.                               | Maximus Inc.                               | CUSIP: 577933104<br>LEI: N/A | Long             | EC               | CORP              | US        |     10900 | NS      | $995933.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments, Inc.                      | MKS Instruments, Inc.                      | CUSIP: 55306N104<br>LEI: N/A | Long             | EC               | CORP              | US        |     18400 | NS      | $2277368.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Netstreit Corporation                      | Netstreit Corporation                      | CUSIP: 64119V303<br>LEI: N/A | Long             | EC               | CORP              | US        |    116000 | NS      | $2094960.00   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bancorp                          | Northeast Bancorp                          | CUSIP: 66405S100<br>LEI: N/A | Long             | EC               | CORP              | US        |     20800 | NS      | $2083328.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                | OFG Bancorp                                | CUSIP: 67103X102<br>LEI: N/A | Long             | EC               | CORP              | US        |     46700 | NS      | $2030983.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corporation             | Perdoceo Education Corporation             | CUSIP: 71363P106<br>LEI: N/A | Long             | EC               | CORP              | US        |     60600 | NS      | $2282196.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Company, Inc.            | Phillips Edison & Company, Inc.            | CUSIP: 71844V201<br>LEI: N/A | Long             | EC               | CORP              | US        |     59600 | NS      | $2046068.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corporation              | Progress Software Corporation              | CUSIP: 743312100<br>LEI: N/A | Long             | EC               | CORP              | US        |     44200 | NS      | $1941706.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.               | Sabra Health Care REIT, Inc.               | CUSIP: 78573L106<br>LEI: N/A | Long             | EC               | CORP              | US        |    101400 | NS      | $1890096.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corporation                            | SLM Corporation                            | CUSIP: 78442P106<br>LEI: N/A | Long             | EC               | CORP              | US        |     74100 | NS      | $2051088.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial, Inc.               | South Plains Financial, Inc.               | CUSIP: 83946P107<br>LEI: N/A | Long             | EC               | CORP              | US        |     54600 | NS      | $2110290.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares, Inc.                 | Southside Bancshares, Inc.                 | CUSIP: 84470P109<br>LEI: N/A | Long             | EC               | CORP              | US        |     61500 | NS      | $1737375.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc.             | Supernus Pharmaceuticals, Inc.             | CUSIP: 868459108<br>LEI: N/A | Long             | EC               | CORP              | US        |     25800 | NS      | $1232982.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited | The Bank of N.T. Butterfield & Son Limited | CUSIP: G0772R208<br>LEI: N/A | Long             | EC               | CORP              | US        |     44000 | NS      | $1888480.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, Inc.                                  | V2X, Inc.                                  | CUSIP: 92242T101<br>LEI: N/A | Long             | EC               | CORP              | US        |     33800 | NS      | $1963442.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corporation                | Wabash National Corporation                | CUSIP: 929566107<br>LEI: N/A | Long             | EC               | CORP              | US        |     76870 | NS      | $758706.90    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries, Inc.                 | Winnebago Industries, Inc.                 | CUSIP: 974637100<br>LEI: N/A | Long             | EC               | CORP              | US        |     18467 | NS      | $617536.48    | 0.66%             |  |  |  | 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        |   2975489 | OU      | $2975489.07   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-21

**Name of Applicant:** Pear Tree Funds

**Signature:** Diane Hunt

**Name of Signer:** Diane Hunt

**Title:** Assistant Treasurer