# EDGAR Filing Document

**Accession Number:** 0000722885
**File Stem:** 0002000324-26-000466
**Filing Date:** 2026-2
**Character Count:** 27066
**Document Hash:** dedd170eb109a775a67cc2840543c380
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000466.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0002000324-26-000466

**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:** 26654660

**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 International Opportunities Fund (Series ID: S000064782)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000209787 | R6 Shares            | QISRX           |
| C000209788 | Institutional Shares | QISIX           |
| C000209789 | Ordinary Shares      | QISOX           |

## Nport-Ex

PEAR TREE POLARIS INTERNATIONAL OPPORTUNITIES FUND

SCHEDULE OF INVESTMENTS

*December 31, 2025 (Unaudited)*

---

| | | |
|:---|:---|:---|
| Common Stock - 96.8% |  |  |
|  | Shares | Value |
| **AUSTRALIA - 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Accent Group Limited | 1024500 | $645607 |
| &nbsp;&nbsp;&nbsp;Macquarie Group Limited | 12434 | 1684842 |
|  |  | 2330449 |
| **BELGIUM - 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Anheuser-Busch InBev SA/NV | 21500 | 1386201 |
| &nbsp;&nbsp;&nbsp;D'Ieteren S.A. | 11700 | 2114656 |
|  |  | 3500857 |
| **BRAZIL - 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Equatorial Energia S.A. | 312217 | 2193576 |
| **CANADA - 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Alimentation Couche-Tard Inc. | 31100 | 1700654 |
| &nbsp;&nbsp;&nbsp;goeasy Ltd. | 17441 | 1670432 |
|  |  | 3371086 |
| **CHINA - 7.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Alibaba Group Holding Ltd. | 68300 | 1253066 |
| &nbsp;&nbsp;&nbsp;China MeiDong Auto Holdings Limited | 4500000 | 734245 |
| &nbsp;&nbsp;&nbsp;Midea Group Co., Ltd. | 131600 | 1471701 |
| &nbsp;&nbsp;&nbsp;Zhejiang Supor Co. | 130100 | 820642 |
| &nbsp;&nbsp;&nbsp;Zhongsheng Group Holdings | 701000 | 1046524 |
|  |  | 5326178 |
| **FRANCE - 13.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Capgemini SE | 13500 | 2255285 |
| &nbsp;&nbsp;&nbsp;Ipsos | 36600 | 1472597 |
| &nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton SE | 1295 | 980945 |
| &nbsp;&nbsp;&nbsp;Neurones S.A. | 51555 | 2606509 |
| &nbsp;&nbsp;&nbsp;Sanofi S.A. | 6900 | 670309 |
| &nbsp;&nbsp;&nbsp;SEB SA | 12400 | 717933 |
|  |  | 8703578 |
| **HONG KONG - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;AIA Group Ltd. | 57000 | 585123 |
| &nbsp;&nbsp;&nbsp;Kingboard Laminates Holdings, Ltd. | 190000 | 321976 |
| &nbsp;&nbsp;&nbsp;VSTECS Holdings Limited | 1970000 | 1974176 |
|  |  | 2881275 |
| **INDIA - 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Muthoot Finance Ltd. | 26494 | 1123586 |
| **INDONESIA - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;PT Bank Central Asia Tbk | 1419400 | 687356 |
| &nbsp;&nbsp;&nbsp;PT Bank Rakyat Indonesia Tbk | 3480646 | 763968 |
|  |  | 1451324 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **IRELAND - 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals plc<sup>(a)</sup> | 3000 | $510000 |
| &nbsp;&nbsp;&nbsp;PDD Holdings<sup>(a)(b)</sup> | 5700 | 646323 |
|  |  | 1156323 |
| **ITALY - 5.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Reply S.p.A. | 4900 | 660047 |
| &nbsp;&nbsp;&nbsp;SOL S.p.A. | 55600 | 3196265 |
|  |  | 3856312 |
| **JAPAN - 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;JAC Recruitment Co., Ltd. | 154100 | 1047028 |
| &nbsp;&nbsp;&nbsp;Takeda Pharmaceutical Company Limited | 17800 | 549064 |
| &nbsp;&nbsp;&nbsp;Tri Chemical Laboratories Inc. | 57100 | 987215 |
|  |  | 2583307 |
| **MALAYSIA - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Public Bank Bhd | 676400 | 756741 |
| &nbsp;&nbsp;&nbsp;Scientex Berhad | 776600 | 669813 |
|  |  | 1426554 |
| **MEXICO - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Wal-Mart de Mexico, S.A.B. de C.V. | 471500 | 1471971 |
| **NORWAY - 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Sparebanken Norge | 126582 | 2485484 |
| **PERU - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Credicorp Ltd. | 2700 | 774900 |
| **PORTUGAL - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Jerónimo Martins SGPS, SA | 42400 | 1008836 |
| **SOUTH AFRICA - 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;AVI Limited | 206174 | 1312695 |
| &nbsp;&nbsp;&nbsp;FirstRand Limited | 163800 | 897094 |
|  |  | 2209789 |
| **SOUTH KOREA - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;HD Hyundai Electric | 600 | 322377 |
| &nbsp;&nbsp;&nbsp;Samsung Electronics Company Limited | 5678 | 472592 |
|  |  | 794969 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **SWITZERLAND - 5.6%** |  |  |
| &nbsp;&nbsp;&nbsp;ALSO Holding AG | 9100 | $2469393 |
| &nbsp;&nbsp;&nbsp;Nestle S.A. | 13200 | 1311836 |
|  |  | 3781229 |
| **TAIWAN - 8.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Chailease Holding Co., Ltd. | 598932 | 2011022 |
| &nbsp;&nbsp;&nbsp;SINBON Electronics Co., Ltd. | 173300 | 1061735 |
| &nbsp;&nbsp;&nbsp;Yageo Corporation | 338184 | 2486291 |
|  |  | 5559048 |
| **THAILAND - 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Krungthai Card Public Company Limited | 1608200 | 1339954 |
| &nbsp;&nbsp;&nbsp;Muangthai Capital Public Company Limited | 1184400 | 1184212 |
|  |  | 2524166 |
| **UNITED KINGDOM - 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Cranswick plc | 41940 | 2795060 |
| &nbsp;&nbsp;&nbsp;Oxford Instruments plc | 14885 | 410413 |
| &nbsp;&nbsp;&nbsp;Volution Group plc | 40700 | 353080 |
|  |  | 3558553 |
| **UNITED STATES - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Euronet Worldwide, Inc.<sup>(a)</sup> | 10800 | 821988 |
| **TOTAL COMMON STOCK** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $55,326,559) |  | 64895338 |

---

---

| | | |
|:---|:---|:---|
| **SHORT TERM INVESTMENTS - 3.6%** | | |
|  | Par Value | Value |
| **Money Market - 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;UMB Money Market Special II, 3.48%<sup>(b)</sup> | 2414623 | $2414623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,414,623) |  |  |
| **TOTAL INVESTMENTS - 100.4%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $57,741,182) |  | 67309961 |
| **OTHER ASSETS & LIABILITIES (Net) - (0.4)%** |  | (250266) |
| **NET ASSETS - 100%** |  | $67059695 |

---

(a) Non-income producing security.

(b) Percentage rate reflects seven-day effective yield on December 31, 2025.

(c) At December 31, 2025, the unrealized appreciation of investments based on aggregate cost for federal tax purposes of $57,889,592
was as follows:

---

| | |
|:---|:---|
| Aggregate gross unrealized appreciation for all investments in which there is an excess of value over tax cost | $13383614 |
| Aggregate gross unrealized depreciation for all investments in which there is an excess of tax cost over value | (3963245) |
| Net unrealized appreciation/(depreciation) | $9420369 |

---

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 | 25.0% |
| Information Technology | 23.4% |
| Consumer Staples | 16.4% |
| Consumer Discretionary | 15.5% |
| Materials | 5.8% |
| Utilities | 3.3% |
| Health Care | 2.6% |
| Industrials | 2.6% |
| Communication Services | 2.2% |
| Cash and Other Assets (Net) | 3.2% |
|  | 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 international opportunities fund

- **b. EDGAR series identifier (if any):** S000064782

- **c. LEI of Series:** 549300IESHKEPMUBBX72

**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:** $67777590.76

**Total Liabilities:** $717895.39

**Net Assets:** $67059695.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209788 | -1.02%               | -0.81%               | 0.25%                |
| Class ID C000209789 | -1.10%               | -0.82%               | 0.25%                |
| Class ID C000209787 | -1.09%               | -0.74%               | 0.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $796890.28               | $-1521360.34                               |
| Month 2  | $288635.86               | $-936817.74                                |
| Month 3  | $1321071.03              | $-1232219.32                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Accent Group Limited                     | Accent Group Limited                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | AU        |   1024500 | NS      | $645607.16    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd.                           | AIA Group Ltd.                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | HK        |     57000 | NS      | $585122.37    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.               | Alibaba Group Holding Ltd.               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |     68300 | NS      | $1253066.10   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc.            | Alimentation Couche-Tard Inc.            | CUSIP: 01626P965<br>LEI: N/A | Long             | EC               | CORP              | CA        |     31100 | NS      | $1700653.63   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSO Holding AG                          | ALSO Holding AG                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CH        |      9100 | NS      | $2469392.91   | 3.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV               | Anheuser-Busch InBev SA/NV               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BE        |     21500 | NS      | $1386200.82   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AVI Limited                              | AVI Limited                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ZA        |    206174 | NS      | $1312695.05   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                             | Capgemini SE                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |     13500 | NS      | $2255284.79   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chailease Holding Co., Ltd.              | Chailease Holding Co., Ltd.              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TW        |    598932 | NS      | $2011022.29   | 3.00%             |  |  |  | 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        |   4500000 | NS      | $734245.52    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cranswick plc                            | Cranswick plc                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     41940 | NS      | $2795059.85   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd.                           | Credicorp Ltd.                           | CUSIP: G2519Y108<br>LEI: N/A | Long             | EC               | CORP              | PE        |      2700 | NS      | $774900.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| D'Ieteren S.A.                           | D'Ieteren S.A.                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BE        |     11700 | NS      | $2114656.49   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Equatorial Energia S.A.                  | Equatorial Energia S.A.                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BR        |    312217 | NS      | $2193575.40   | 3.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronet Worldwide, Inc.                  | Euronet Worldwide, Inc.                  | CUSIP: 298736109<br>LEI: N/A | Long             | EC               | CORP              | US        |     10800 | NS      | $821988.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Limited                        | FirstRand Limited                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ZA        |    163800 | NS      | $897094.15    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| goeasy Ltd.                              | goeasy Ltd.                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CA        |     17441 | NS      | $1670432.51   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric                      | HD Hyundai Electric                      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |       600 | NS      | $322376.87    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsos                                    | Ipsos                                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |     36600 | NS      | $1472596.59   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JAC Recruitment Co., Ltd.                | JAC Recruitment Co., Ltd.                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |    154100 | NS      | $1047028.61   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Jazz Pharmaceuticals plc                 | Jazz Pharmaceuticals plc                 | CUSIP: G50871105<br>LEI: N/A | Long             | EC               | CORP              | IE        |      3000 | NS      | $510000.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeronimo Martins SGPS, SA                | Jeronimo Martins SGPS, SA                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | PT        |     42400 | NS      | $1008836.17   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingboard Laminates Holdings, Ltd.       | Kingboard Laminates Holdings, Ltd.       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | HK        |    190000 | NS      | $321975.97    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Krungthai Card Public Company Limited    | Krungthai Card Public Company Limited    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TH        |   1608200 | NS      | $1339953.98   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE      | LVMH Moet Hennessy Louis Vuitton SE      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |      1295 | NS      | $980945.39    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Group Limited                  | Macquarie Group Limited                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | AU        |     12434 | NS      | $1684841.82   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co., Ltd.                    | Midea Group Co., Ltd.                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |    131600 | NS      | $1471700.87   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Muangthai Capital Public Company Limited | Muangthai Capital Public Company Limited | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TH        |   1184400 | NS      | $1184212.03   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Muthoot Finance Ltd.                     | Muthoot Finance Ltd.                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IN        |     26494 | NS      | $1123585.38   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle S.A.                              | Nestle S.A.                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CH        |     13200 | NS      | $1311836.43   | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Neurones S.A.                            | Neurones S.A.                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |     51555 | NS      | $2606509.40   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Instruments plc                   | Oxford Instruments plc                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     14885 | NS      | $410413.58    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings                             | PDD Holdings                             | CUSIP: 722304102<br>LEI: N/A | Long             | EC               | CORP              | CN        |      5700 | NS      | $646323.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Central Asia Tbk                 | PT Bank Central Asia Tbk                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ID        |   1419400 | NS      | $687355.62    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Rakyat Indonesia Tbk             | PT Bank Rakyat Indonesia Tbk             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ID        |   3480646 | NS      | $763967.88    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Bank Bhd                          | Public Bank Bhd                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MY        |    676400 | NS      | $756741.25    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Reply S.p.A.                             | Reply S.p.A.                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IT        |      4900 | NS      | $660046.98    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Company Limited      | Samsung Electronics Company Limited      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |      5678 | NS      | $472591.86    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi S.A.                              | Sanofi S.A.                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |      6900 | NS      | $670308.87    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Scientex Berhad                          | Scientex Berhad                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MY        |    776600 | NS      | $669812.72    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SEB SA                                   | SEB SA                                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |     12400 | NS      | $717933.06    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SINBON Electronics Co., Ltd.             | SINBON Electronics Co., Ltd.             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TW        |    173300 | NS      | $1061735.17   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SOL S.p.A.                               | SOL S.p.A.                               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IT        |     55600 | NS      | $3196265.41   | 4.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Sparebanken Norge                        | Sparebanken Norge                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    126582 | NS      | $2485484.23   | 3.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Company Limited    | Takeda Pharmaceutical Company Limited    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |     17800 | NS      | $549063.77    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Tri Chemical Laboratories Inc.           | Tri Chemical Laboratories Inc.           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |     57100 | NS      | $987214.90    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Volution Group plc                       | Volution Group plc                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     40700 | NS      | $353080.03    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VSTECS Holdings Limited                  | VSTECS Holdings Limited                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | HK        |   1970000 | NS      | $1974176.14   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico, S.A.B. de C.V.       | Wal-Mart de Mexico, S.A.B. de C.V.       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |    471500 | NS      | $1471970.58   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Yageo Corporation                        | Yageo Corporation                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TW        |    338184 | NS      | $2486290.92   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Supor Co.                       | Zhejiang Supor Co.                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |    130100 | NS      | $820641.65    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhongsheng Group Holdings                | Zhongsheng Group Holdings                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |    701000 | NS      | $1046524.06   | 1.56%             |  |  |  | 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        |   2414623 | OU      | $2414623.24   | 3.60%             |  |  |  | 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