# EDGAR Filing Document

**Accession Number:** 0000722885
**File Stem:** 0002000324-26-000460
**Filing Date:** 2026-2
**Character Count:** 29539
**Document Hash:** f678a234794089f4066af99b71b3e55e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000460.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0002000324-26-000460

**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:** 26654583

**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           |

## Nport-Ex

PEAR TREE POLARIS SMALL CAP FUND

SCHEDULE OF INVESTMENTS

*December 31, 2025 (Unaudited)*

 

---

| | | |
|:---|:---|:---|
| **Common Stock -99.4%** | | |
|  | Shares | Value |
| **CONSUMER DISCRETIONARY -11.1%** |  |  |
| **AUTOMOBILES - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Winnebago Industries, Inc. | 30067 | $1218315 |
| **DIVERSIFIED CONSUMER SERVICES - 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Laureate Education, Inc.<sup>(a)</sup> | 71800 | 2417506 |
| &nbsp;&nbsp;&nbsp;Perdoceo Education Corporation | 60600 | 1777398 |
|  |  | 4194904 |
| **SPECIALTY RETAIL - 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Abercrombie & Fitch Co.<sup>(a)</sup> | 14400 | 1812528 |
| &nbsp;&nbsp;&nbsp;American Eagle Outfitters, Inc. | 54900 | 1447713 |
| &nbsp;&nbsp;&nbsp;Buckle, Inc. | 25000 | 1335500 |
|  |  | 4595741 |
| **TOTAL CONSUMER DISCRETIONARY** |  | 10008960 |
| **CONSUMER STAPLES - 3.4%** |  |  |
| **CONSUMER STAPLES DISTRIBUTION & RETAIL - 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Ingles Markets Inc. | 32283 | 2213000 |
| **FOOD PRODUCTS - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Ingredion Incorporated | 7800 | 860028 |
| **TOTAL CONSUMER STAPLES** |  | 3073028 |
| **ENERGY - 3.7%** |  |  |
| **OIL, GAS & CONSUMABLE FUELS - 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;CVR Energy, Inc.<sup>(a)</sup> | 67000 | 1704480 |
| &nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. | 10670 | 1604021 |
|  |  | 3308501 |
| **TOTAL ENERGY** |  | 3308501 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **FINANCIALS - 25.8%** |  |  |
| **BANKS - 20.5%** |  |  |
| &nbsp;&nbsp;&nbsp;BOK Financial Corporation | 18164 | $2151707 |
| &nbsp;&nbsp;&nbsp;Cullen/Frost Bankers, Inc. | 14600 | 1848798 |
| &nbsp;&nbsp;&nbsp;Home Trust Bancshares, Inc. | 48300 | 2074002 |
| &nbsp;&nbsp;&nbsp;International Bancshares Corporation | 30200 | 2006488 |
| &nbsp;&nbsp;&nbsp;Northeast Bancorp | 20800 | 2161744 |
| &nbsp;&nbsp;&nbsp;OFG Bancorp | 46700 | 1913766 |
| &nbsp;&nbsp;&nbsp;South Plains Financial, Inc. | 54600 | 2118480 |
| &nbsp;&nbsp;&nbsp;Southside Bancshares, Inc. | 62227 | 1891079 |
| &nbsp;&nbsp;&nbsp;The Bank of N.T. Butterfield & Son Limited | 45600 | 2271792 |
|  |  | 18437856 |
| **CONSUMER FINANCE - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;SLM Corporation | 76000 | 2056560 |
| **FINANCIAL SERVICES - 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;EVERTEC Inc. | 64700 | 1882123 |
| &nbsp;&nbsp;&nbsp;NMI Holdings, Inc.<sup>(a)</sup> | 20400 | 832116 |
|  |  | 2714239 |
| **TOTAL FINANCIALS** |  | 23208655 |
| **HEALTH CARE - 8.6%** |  |  |
| **BIOTECHNOLOGY - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Exelixis, Inc.<sup>(a)</sup> | 26300 | 1152729 |
| **HEALTH CARE EQUIPMENT & SUPPLIES - 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Lantheus Holdings, Inc.<sup>(a)</sup> | 32900 | 2189495 |
| **PHARMACEUTICALS - 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Amphastar Pharmaceuticals, Inc.<sup>(a)</sup> | 35532 | 951547 |
| &nbsp;&nbsp;&nbsp;ANI Pharmaceuticals, Inc.<sup>(a)</sup> | 9700 | 765718 |
| &nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings, Inc.<sup>(a)</sup> | 36100 | 1350862 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals, Inc.<sup>(a)</sup> | 25800 | 1282260 |
|  |  | 4350387 |
| **TOTAL HEALTH CARE** |  | 7692611 |
| **INDUSTRIALS - 18.5%** |  |  |
| **AEROSPACE & DEFENSE - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;V2X, Inc.<sup>(a)</sup> | 33800 | 1843790 |
| **BUILDING PRODUCTS - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Carlisle Companies Incorporated | 3512 | 1123348 |
| **COMMERCIAL SERVICES & SUPPLIES - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Ennis, Inc. | 105100 | 1892851 |
| **ELECTRICAL EQUIPMENT - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Acuity Brands, Inc. | 4700 | 1692188 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **GROUND TRANSPORTATION - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Covenant Logistics Group, Inc, | 56682 | $1249271 |
| **MACHINERY - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Allison Transmission Holdings, Inc. | 13600 | 1331440 |
| &nbsp;&nbsp;&nbsp;Wabash National Corporation | 144670 | 1251396 |
|  |  | 2582836 |
| **PROFESSIONAL SERVICES - 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Barrett Business Services, Inc. | 38800 | 1404948 |
| &nbsp;&nbsp;&nbsp;Kforce, Inc. | 22894 | 707882 |
| &nbsp;&nbsp;&nbsp;Maximus Inc. | 10900 | 940888 |
|  |  | 3053718 |
| **TRADING COMPANIES & DISTRIBUTORS - 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Applied Industrial Technologies, Inc. | 7000 | 1797390 |
| &nbsp;&nbsp;&nbsp;DNOW Inc.<sup>(a)</sup> | 107800 | 1428350 |
|  |  | 3225740 |
| **TOTAL INDUSTRIALS** |  | 16663742 |
| **INFORMATION TECHNOLOGY - 10.6%** |  |  |
| **ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS - 6.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Arrow Electronics, Inc.<sup>(a)</sup> | 15300 | 1685754 |
| &nbsp;&nbsp;&nbsp;Avnet, Inc. | 35600 | 1711648 |
| &nbsp;&nbsp;&nbsp;ePlus, Inc. | 26100 | 2288970 |
|  |  | 5686372 |
| **SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;MKS Instruments, Inc. | 15500 | 2476900 |
| **SOFTWARE - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Progress Software Corporation<sup>(a)</sup> | 31600 | 1357536 |
| **TOTAL INFORMATION TECHNOLOGY** |  | 9520808 |
| **MATERIALS -6.3%** |  |  |
| **CHEMICALS - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Cabot Corporation | 23773 | 1575674 |
| **CONSTRUCTION MATERIALS - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Eagle Materials Inc. | 7000 | 1446760 |
| **CONTAINERS & PACKAGING - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Graphic Packaging Holding Co. | 58700 | 884022 |
| **METALS & MINING - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Lundin Mining Corporation | 80400 | 1730231 |
| **TOTAL MATERIALS** |  | 5636687 |
| **REAL ESTATE - 8.8%** |  |  |
| **DIVERSIFIED REITS - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Essential Properties Realty Trust, Inc. | 60700 | 1800362 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **HEALTH CARE REITS - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Sabra Health Care REIT, Inc. | 101400 | $1920516 |
| **RETAIL REITS - 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Netstreit Corporation | 116000 | 2046240 |
| &nbsp;&nbsp;&nbsp;Phillips Edison & Company, Inc. | 59600 | 2119972 |
|  |  | 4166212 |
| **TOTAL REAL ESTATE** |  | 7887090 |
| **UTILITIES - 2.6%** |  |  |
| **MULTI UTILITIES - 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Black Hills Corporation | 33700 | 2339454 |
| **TOTAL UTILITIES** |  | 2339454 |
| **TOTAL COMMON STOCK** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $63,435,197) |  | 89339536 |
| **SHORT TERM INVESTMENTS - 0.6%** |  |  |
|  | Par Value | Value |
| **Money Market - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;UMB Money Market Special II, 3.48%<sup>(b)</sup> | 577185 | $577185 |
| &nbsp;&nbsp;&nbsp; (Cost $577,185) |  |  |
| **TOTAL INVESTMENTS - 100.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $64,012,382) |  | 89916721 |
| **OTHER ASSETS & LIABILITIES (NET) - 0.0%** |  | 1339 |
| **NET ASSETS - 100%** |  | $89918060 |

---

(a) Non-income
producing security

(b) Interest
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 in the amount of $64,639,623 was as follows:

---

| | | |
|:---|:---|:---|
| Aggregate gross unrealized appreciation for all investments in which there is an excess of value over tax cost |  | $26824236 |
| Aggregate gross unrealized depreciation for all investments in which there is an excess of tax cost over value | | (1547138) |
|  | |  |
| Net unrealized appreciation/(depreciation) | | $25277098 |

---

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 | 25.8% |
| Industrials | 18.5% |
| Consumer Discretionary | 11.1% |
| Information Technology | 10.6% |
| Real Estate | 8.8% |
| Health Care | 8.6% |
| Materials | 6.3% |
| Energy | 3.7% |
| Consumer Staples | 3.4% |
| Utilities | 2.6% |
| Cash and Other Assets (Net) | 0.6% |
|  | 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 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:** 2025-12-31

**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:** $89986345.55

**Total Liabilities:** $68285.83

**Net Assets:** $89918059.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025973 | -2.82%               | 3.82%                | 1.70%                |
| Class ID C000025972 | -2.88%               | 3.83%                | 1.63%                |
| Class ID C000177799 | -2.88%               | 3.84%                | 2.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $87194.01                | $-2742285.35                               |
| Month 2  | $715883.78               | $2555106.91                                |
| Month 3  | $931411.30               | $663935.21                                 |

### 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        |     14400 | NS      | $1812528.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands, Inc.                        | Acuity Brands, Inc.                        | CUSIP: 00508Y102<br>LEI: N/A | Long             | EC               | CORP              | US        |      4700 | NS      | $1692188.00   | 1.88%             |  |  |  | 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      | $1331440.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.            | American Eagle Outfitters, Inc.            | CUSIP: 02553E106<br>LEI: N/A | Long             | EC               | CORP              | US        |     54900 | NS      | $1447713.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals, Inc.            | Amphastar Pharmaceuticals, Inc.            | CUSIP: 03209R103<br>LEI: N/A | Long             | EC               | CORP              | US        |     35532 | NS      | $951546.96    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals, Inc.                  | ANI Pharmaceuticals, Inc.                  | CUSIP: 00182C103<br>LEI: N/A | Long             | EC               | CORP              | US        |      9700 | NS      | $765718.00    | 0.85%             |  |  |  | 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      | $1797390.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                    | Arrow Electronics, Inc.                    | CUSIP: 042735100<br>LEI: N/A | Long             | EC               | CORP              | US        |     15300 | NS      | $1685754.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                | Avnet, Inc.                                | CUSIP: 053807103<br>LEI: N/A | Long             | EC               | CORP              | US        |     35600 | NS      | $1711648.00   | 1.90%             |  |  |  | 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      | $1404948.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                    | Black Hills Corporation                    | CUSIP: 092113109<br>LEI: N/A | Long             | EC               | CORP              | US        |     33700 | NS      | $2339454.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corporation                  | BOK Financial Corporation                  | CUSIP: 05561Q201<br>LEI: N/A | Long             | EC               | CORP              | US        |     18164 | NS      | $2151707.44   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle, Inc.                               | Buckle, Inc.                               | CUSIP: 118440106<br>LEI: N/A | Long             | EC               | CORP              | US        |     25000 | NS      | $1335500.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                          | Cabot Corporation                          | CUSIP: 127055101<br>LEI: N/A | Long             | EC               | CORP              | US        |     23773 | NS      | $1575674.44   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Incorporated            | Carlisle Companies Incorporated            | CUSIP: 142339100<br>LEI: N/A | Long             | EC               | CORP              | US        |      3512 | NS      | $1123348.32   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group, Inc.             | Covenant Logistics Group, Inc.             | CUSIP: 22284P105<br>LEI: N/A | Long             | EC               | CORP              | US        |     56682 | NS      | $1249271.28   | 1.39%             |  |  |  | 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      | $1848798.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy, Inc.                           | CVR Energy, Inc.                           | CUSIP: 12662P108<br>LEI: N/A | Long             | EC               | CORP              | US        |     67000 | NS      | $1704480.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy, Inc.                   | Diamondback Energy, Inc.                   | CUSIP: 25278X109<br>LEI: N/A | Long             | EC               | CORP              | US        |     10670 | NS      | $1604021.10   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc.                                  | DNOW Inc.                                  | CUSIP: 67011P100<br>LEI: N/A | Long             | EC               | CORP              | US        |    107800 | NS      | $1428350.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                       | Eagle Materials Inc.                       | CUSIP: 26969P108<br>LEI: N/A | Long             | EC               | CORP              | US        |      7000 | NS      | $1446760.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis, Inc.                                | Ennis, Inc.                                | CUSIP: 293389102<br>LEI: N/A | Long             | EC               | CORP              | US        |    105100 | NS      | $1892851.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus, Inc.                                | ePlus, Inc.                                | CUSIP: 294268107<br>LEI: N/A | Long             | EC               | CORP              | US        |     26100 | NS      | $2288970.00   | 2.55%             |  |  |  | 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      | $1800362.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc.                               | EVERTEC Inc.                               | CUSIP: 30040P103<br>LEI: N/A | Long             | EC               | CORP              | US        |     64700 | NS      | $1882123.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                             | Exelixis, Inc.                             | CUSIP: 30161Q104<br>LEI: N/A | Long             | EC               | CORP              | US        |     26300 | NS      | $1152729.00   | 1.28%             |  |  |  | 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      | $884022.00    | 0.98%             |  |  |  | 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      | $1350862.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares, Inc.                 | HomeTrust Bancshares, Inc.                 | CUSIP: 437872104<br>LEI: N/A | Long             | EC               | CORP              | US        |     48300 | NS      | $2074002.00   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc.                        | Ingles Markets Inc.                        | CUSIP: 457030104<br>LEI: N/A | Long             | EC               | CORP              | US        |     32283 | NS      | $2212999.65   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                     | Ingredion Incorporated                     | CUSIP: 457187102<br>LEI: N/A | Long             | EC               | CORP              | US        |      7800 | NS      | $860028.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corporation       | International Bancshares Corporation       | CUSIP: 459044103<br>LEI: N/A | Long             | EC               | CORP              | US        |     30200 | NS      | $2006488.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce, Inc.                               | Kforce, Inc.                               | CUSIP: 493732101<br>LEI: N/A | Long             | EC               | CORP              | US        |     22894 | NS      | $707882.48    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings, Inc.                    | Lantheus Holdings, Inc.                    | CUSIP: 516544103<br>LEI: N/A | Long             | EC               | CORP              | US        |     32900 | NS      | $2189495.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.                   | Laureate Education, Inc.                   | CUSIP: 518613203<br>LEI: N/A | Long             | EC               | CORP              | US        |     71800 | NS      | $2417506.00   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corporation                  | Lundin Mining Corporation                  | CUSIP: 550372957<br>LEI: N/A | Long             | EC               | CORP              | CA        |     80400 | NS      | $1730230.52   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc.                               | Maximus Inc.                               | CUSIP: 577933104<br>LEI: N/A | Long             | EC               | CORP              | US        |     10900 | NS      | $940888.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments, Inc.                      | MKS Instruments, Inc.                      | CUSIP: 55306N104<br>LEI: N/A | Long             | EC               | CORP              | US        |     15500 | NS      | $2476900.00   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Netstreit Corporation                      | Netstreit Corporation                      | CUSIP: 64119V303<br>LEI: N/A | Long             | EC               | CORP              | US        |    116000 | NS      | $2046240.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings, Inc.                         | NMI Holdings, Inc.                         | CUSIP: 629209305<br>LEI: N/A | Long             | EC               | CORP              | US        |     20400 | NS      | $832116.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bancorp                          | Northeast Bancorp                          | CUSIP: 66405S100<br>LEI: N/A | Long             | EC               | CORP              | US        |     20800 | NS      | $2161744.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                | OFG Bancorp                                | CUSIP: 67103X102<br>LEI: N/A | Long             | EC               | CORP              | US        |     46700 | NS      | $1913766.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corporation             | Perdoceo Education Corporation             | CUSIP: 71363P106<br>LEI: N/A | Long             | EC               | CORP              | US        |     60600 | NS      | $1777398.00   | 1.98%             |  |  |  | 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      | $2119972.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corporation              | Progress Software Corporation              | CUSIP: 743312100<br>LEI: N/A | Long             | EC               | CORP              | US        |     31600 | NS      | $1357536.00   | 1.51%             |  |  |  | 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      | $1920516.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corporation                            | SLM Corporation                            | CUSIP: 78442P106<br>LEI: N/A | Long             | EC               | CORP              | US        |     76000 | NS      | $2056560.00   | 2.29%             |  |  |  | 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      | $2118480.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares, Inc.                 | Southside Bancshares, Inc.                 | CUSIP: 84470P109<br>LEI: N/A | Long             | EC               | CORP              | US        |     62227 | NS      | $1891078.53   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc.             | Supernus Pharmaceuticals, Inc.             | CUSIP: 868459108<br>LEI: N/A | Long             | EC               | CORP              | US        |     25800 | NS      | $1282260.00   | 1.43%             |  |  |  | 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        |     45600 | NS      | $2271792.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, Inc.                                  | V2X, Inc.                                  | CUSIP: 92242T101<br>LEI: N/A | Long             | EC               | CORP              | US        |     33800 | NS      | $1843790.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corporation                | Wabash National Corporation                | CUSIP: 929566107<br>LEI: N/A | Long             | EC               | CORP              | US        |    144670 | NS      | $1251395.50   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries, Inc.                 | Winnebago Industries, Inc.                 | CUSIP: 974637100<br>LEI: N/A | Long             | EC               | CORP              | US        |     30067 | NS      | $1218314.84   | 1.35%             |  |  |  | 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        |    577185 | OU      | $577185.32    | 0.64%             |  |  |  | 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