# EDGAR Filing Document

**Accession Number:** 0000722885
**File Stem:** 0002000324-26-000454
**Filing Date:** 2026-2
**Character Count:** 31992
**Document Hash:** 7bdb836cb1d8d931ce2dfeb63b69b840
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000454.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0002000324-26-000454

**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:** 26654571

**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 Fund (Series ID: S000009491)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000025966 | Ordinary Shares      | QFVOX           |
| C000025967 | Institutional Shares | QFVIX           |
| C000177797 | R6 Shares            | QFVRX           |

## Nport-Ex

---

| |
|:---|
| PEAR TREE POLARIS FOREIGN VALUE FUND |
| SCHEDULE OF INVESTMENTS |
| *December 31, 2025 (Unaudited)* |

---

---

| | | |
|:---|:---|:---|
| Common Stock - 97.7% |  |  |
|  | Shares | Value |
| **BELGIUM - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D'leteren S.A. | 82678 | $14943211 |
| **CANADA - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lundin Mining Corporation | 1167200 | 25118471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Methanex Corporation | 531793 | 21119646 |
|  |  | 46238117 |
| **CHILE - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LATAM Airlines Group | 562811800 | 15225555 |
| **CHINA -3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding Ltd. | 1308600 | 24008233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ping An Insurance Group H Share | 3972500 | 33250899 |
|  |  | 57259132 |
| **FRANCE - 13.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capgemini SE | 169300 | 28282942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ipsos | 265141 | 10667916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michelin (CGDE) | 720000 | 23937992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Publicis Groupe | 310347 | 32299414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanofi S.A. | 229300 | 22275627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teleperformance SE | 262100 | 19034955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TotalEnergies SE | 388100 | 25337028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vinci SA | 201298 | 28380299 |
|  |  | 190216173 |
| **GERMANY - 9.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daimler Truck Holding AG | 615600 | 26980848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Telekom AG | 711956 | 23127073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DHL Group | 490000 | 26891016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hannover Rueck SE | 90400 | 28261280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Muenchener Rueckversicherungs-Gesellschaft | 42130 | 27816190 |
|  |  | 133076407 |
| **HONG KONG - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIA Group Ltd. | 2849400 | 29249960 |
| **IRELAND - 4.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greencore Group plc | 5791268 | 19784560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals plc<sup>(a)</sup> | 159206 | 27065020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smurfit Westrock plc | 556946 | 21537102 |
|  |  | 68386682 |
| **ITALY - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eni S.p.A. | 977133 | 18521347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trevi Finanziaria Industriale SpA<sup>(a)</sup> | 10523024 | 7847469 |
|  |  | 26368816 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **JAPAN - 14.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daicel Corporation | 911100 | $8131963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Itochu Corporation | 2405500 | 30309500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KDDI Corporation | 1631600 | 28193490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macnica Fuji Electronics Holdings Inc. | 237600 | 3626642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marubeni Corporation | 1295800 | 35985948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group, Inc. | 1930600 | 30705833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orix Corporation | 1077600 | 31308114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Group Corporation | 1061700 | 27256249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Takeda Pharmaceutical Company Limited | 625100 | 19282009 |
|  |  | 214799748 |
| **NETHERLANDS -2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Koninklijke Ahold Delhaize N.V. | 715700 | 29308819 |
| **NORWAY - 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DNB Bank ASA | 1016730 | 28374376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SpareBank 1 SR-Norge ASA | 799868 | 15732664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sparebanken Norge | 738114 | 14493140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yara International ASA | 434253 | 17823191 |
|  |  | 76423371 |
| **PUERTO RICO - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Popular, Inc. | 231950 | 28882414 |
| **RUSSIA - < 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALROSA Company PJSC<sup>\*(a)</sup> | 41136300 | 5201 |
| **SINGAPORE - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Overseas Bank Limited | 1046547 | 28531833 |
| **SOUTH KOREA - 13.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F&F Co., Ltd. | 133874 | 6365880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HD Hyundai Electric | 56600 | 30410885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kia Motors Corporation | 325800 | 27546729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics Company Limited | 563292 | 46883875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shinhan Financial Group Co., Limited | 615384 | 32850668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Hynix, Inc. | 127700 | 57709000 |
|  |  | 201767037 |
| **SPAIN - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bankinter, S.A. | 1123200 | 18671634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endesa, S.A. | 764325 | 27494157 |
|  |  | 46165791 |

---

---

| | | |
|:---|:---|:---|
|  | Shares | Value |
| **SWEDEN - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Duni AB | 924400 | $10548757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loomis AB, Class B | 527019 | 22318330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SKF AB-B | 1114500 | 29715809 |
|  |  | 62582896 |
| **SWITZERLAND - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barry Callebaut AG | 19493 | 32131589 |
| **TAIWAN -0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chailease Holding Co., Limited | 648720 | 2178195 |
| **UNITED KINGDOM - 7.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inchcape plc | 1804684 | 18665797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Consolidated Airlines Group S.A. | 5441500 | 30321633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Linde plc | 55044 | 23470211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Next plc | 151450 | 27865985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nomad Foods Limited | 1084500 | 13567095 |
|  |  | 113890721 |
| **TOTAL COMMON STOCK** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $931,804,747) |  | 1417631668 |

---

**SHORT TERM INVESTMENTS - 0.6%** 

---

| | | |
|:---|:---|:---|
|  | Par Value | Value |
| **Money Market - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UMB Money Market Special II, 3.48%<sup>(b)</sup> | 8349779 | $8349779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $8,349,779) |  |  |
| **TOTAL INVESTMENTS - 98.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $940,154,526) |  | 1425981447 |
| **OTHER ASSETS & LIABILITIES (NET) - 1.7%** |  | 25056267 |
| **NET ASSETS - 100%** |  | $1451037714 |

---

\* Fair Valued by Valuation Committee as delegated by Pear Tree Fund's Trustees

(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 $944,980,352 was as follows:

---

| | |
|:---|:---|
| Aggregate gross unrealized appreciation for all investments in which there is an excess of value over tax cost | $573806556 |
| Aggregate gross unrealized depreciation for all investments in which there is an excess of tax cost over value | (92805461) |
| Net unrealized appreciation/(depreciation) | $481001095 |

---

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 | 24.2% |
| Industrials | 20.9% |
| Consumer Discretionary | 12.5% |
| Information Technology | 9.4% |
| Materials | 8.1% |
| Communication Services | 6.5% |
| Consumer Staples | 6.5% |
| Health Care | 4.7% |
| Energy | 3.0% |
| Utilities | 1.9% |
| Cash and Other Assets (Net) | 2.3% |
|  | 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 fund

- **b. EDGAR series identifier (if any):** S000009491

- **c. LEI of Series:** 549300LCWV2CSU11V931

**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:** $1453345250.00

**Total Liabilities:** $2307535.64

**Net Assets:** $1451037714.36

**Cash Not Reported:** $33502.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025967 | 1.40%                | 1.60%                | 4.88%                |
| Class ID C000025966 | 1.36%                | 1.56%                | 4.87%                |
| Class ID C000177797 | 1.37%                | 1.65%                | 4.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14243652.23             | $8951090.10                                |
| Month 2  | $50891908.84             | $-26844653.67                              |
| Month 3  | $38915167.87             | $29799074.20                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AIA Group Ltd.                                 | AIA Group Ltd.                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | HK        |   2849400 | NS      | $29249959.53  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                     | Alibaba Group Holding Ltd.                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |   1308600 | NS      | $24008232.80  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ALROSA Company PJSC                            | ALROSA Company PJSC                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | RU        |  41136300 | NS      | $5200.54      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bankinter, S.A.                                | Bankinter, S.A.                                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ES        |   1123200 | NS      | $18671633.59  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Barry Callebaut AG                             | Barry Callebaut AG                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CH        |     19493 | NS      | $32131589.04  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                   | Capgemini SE                                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    169300 | NS      | $28282941.87  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Chailease Holding Co., Ltd.                    | Chailease Holding Co., Ltd.                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TW        |    648720 | NS      | $2178194.49   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Daicel Corporation                             | Daicel Corporation                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |    911100 | NS      | $8131863.22   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                       | Daimler Truck Holding AG                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |    615600 | NS      | $26980847.92  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| DHL Group                                      | DHL Group                                      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |    490000 | NS      | $26891015.85  | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                            | Deutsche Telekom AG                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |    711956 | NS      | $23127073.35  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| D'Ieteren S.A.                                 | D'Ieteren S.A.                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BE        |     82678 | NS      | $14943211.04  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                                   | DNB Bank ASA                                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |   1016730 | NS      | $28374376.17  | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Duni AB                                        | Duni AB                                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SE        |    924400 | NS      | $10548756.89  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa, S.A.                                   | Endesa, S.A.                                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ES        |    764325 | NS      | $27494157.08  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni S.p.A.                                     | Eni S.p.A.                                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IT        |    977133 | NS      | $18521346.59  | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| F&F Co., Ltd.                                  | F&F Co., Ltd.                                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |    133874 | NS      | $6365880.39   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Greencore Group plc                            | Greencore Group plc                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IE        |   5791268 | NS      | $19784560.48  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                              | Hannover Rueck SE                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |     90400 | NS      | $28261280.09  | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric                            | HD Hyundai Electric                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |     56600 | NS      | $30410884.73  | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Inchcape plc                                   | Inchcape plc                                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |   1804684 | NS      | $18665796.85  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Airlines Group S.A. | International Consolidated Airlines Group S.A. | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | ES        |   5441500 | NS      | $30321633.49  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipsos                                          | Ipsos                                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    265141 | NS      | $10667916.22  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Itochu Corporation                             | Itochu Corporation                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   2405500 | NS      | $30309499.51  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Jazz Pharmaceuticals plc                       | Jazz Pharmaceuticals plc                       | CUSIP: G50871105<br>LEI: N/A | Long             | EC               | CORP              | IE        |    159206 | NS      | $27065020.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corporation                               | KDDI Corporation                               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1631600 | NS      | $28193490.06  | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Motors Corporation                         | Kia Motors Corporation                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |    325800 | NS      | $27546728.68  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                | Koninklijke Ahold Delhaize N.V.                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NL        |    715700 | NS      | $29308818.56  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LATAM Airlines Group                           | LATAM Airlines Group                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CL        | 562811800 | NS      | $15225555.06  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde plc                                      | Linde plc                                      | CUSIP: G54950103<br>LEI: N/A | Long             | EC               | CORP              | GB        |     55044 | NS      | $23470211.16  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Loomis AB, Class B                             | Loomis AB, Class B                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SE        |    527019 | NS      | $22318329.67  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corporation                      | Lundin Mining Corporation                      | CUSIP: 550372957<br>LEI: N/A | Long             | EC               | CORP              | CA        |   1167200 | NS      | $25118470.97  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Macnica Fuji Electronics Holdings Inc.         | Macnica Fuji Electronics Holdings Inc.         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |    237600 | NS      | $3626642.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Marubeni Corporation                           | Marubeni Corporation                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1295800 | NS      | $35985947.88  | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Methanex Corporation                           | Methanex Corporation                           | CUSIP: 59151K959<br>LEI: N/A | Long             | EC               | CORP              | CA        |    531793 | NS      | $21119646.13  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Michelin (CGDE)                                | Michelin (CGDE)                                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    720000 | NS      | $23937991.78  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.           | Mitsubishi UFJ Financial Group, Inc.           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1930600 | NS      | $30705833.04  | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft     | Muenchener Rueckversicherungs-Gesellschaft     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |     42130 | NS      | $27816190.25  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Next plc                                       | Next plc                                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |    151450 | NS      | $27865985.21  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Limited                            | Nomad Foods Limited                            | CUSIP: G6564A105<br>LEI: N/A | Long             | EC               | CORP              | GB        |   1084500 | NS      | $13567095.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corporation                               | ORIX Corporation                               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1077600 | NS      | $31308114.45  | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group H Share                | Ping An Insurance Group H Share                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CN        |   3972500 | NS      | $33250899.34  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                  | Popular, Inc.                                  | CUSIP: 733174700<br>LEI: N/A | Long             | EC               | CORP              | PR        |    231950 | NS      | $28882414.00  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe                                | Publicis Groupe                                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    310347 | NS      | $32299414.14  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Company Limited            | Samsung Electronics Company Limited            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |    563292 | NS      | $46883975.43  | 3.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi S.A.                                    | Sanofi S.A.                                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    229300 | NS      | $22275626.54  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co., Limited           | Shinhan Financial Group Co., Limited           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |    615384 | NS      | $32850667.87  | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                 | SK Hynix, Inc.                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KR        |    127700 | NS      | $57709000.03  | 3.98%             |  |  |  | No            |                  2 | On Loan: No      |
| SKF AB-B                                       | SKF AB-B                                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SE        |   1114500 | NS      | $29715809.00  | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit Westrock plc                           | Smurfit Westrock plc                           | CUSIP: G8267P108<br>LEI: N/A | Long             | EC               | CORP              | IE        |    556946 | NS      | $21537101.82  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corporation                         | Sony Group Corporation                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |   1061700 | NS      | $27256249.32  | 1.88%             |  |  |  | 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        |    799868 | NS      | $15732664.27  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sparebanken Norge                              | Sparebanken Norge                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    738114 | NS      | $14493140.49  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Company Limited          | Takeda Pharmaceutical Company Limited          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | JP        |    625100 | NS      | $19282009.00  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleperformance SE                             | Teleperformance SE                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    262100 | NS      | $19034954.79  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TotalEnergies SE                               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    388100 | NS      | $25337027.60  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Trevi Finanziaria Industriale SpA              | Trevi Finanziaria Industriale SpA              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | IT        |  10523024 | NS      | $7847469.46   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Limited                   | United Overseas Bank Limited                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SG        |   1046547 | NS      | $28531833.45  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | Vinci SA                                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | FR        |    201298 | NS      | $28380299.35  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                         | Yara International ASA                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | NO        |    434253 | NS      | $17823190.67  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UMB Money Market Special II                    | UMB Money Market Special II                    | CUSIP: SF8888628<br>LEI: N/A | Long             | STIV             | CORP              | US        |   8349779 | OU      | $8349778.95   | 0.58%             |  |  |  | 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